Saturday, 29 December 2012

Jim Rogers Predictions on Gold, Silver & Currencies for 2013


"Jim Rogers discusses his forecast for 2013-2014 and gives his advice. Topics discussed include United States National Debt, Economic Slowdown, European Recovery, The Euro, the U.S. Dollar, George Soros, EU breakdown, The Federal Reserve, QE3, QE4, Financial crisis, Economic Collapse, China, Interest Rates, the Bond Market, Inflation, Safe Haven Assets, Commodities, Stocks, Agriculture, crude oil, Myanmar."

Sources:


Wednesday, 26 December 2012

Pierre Poilievre: America's Collapse - "Everyone Takes, Nobody Makes, Money Is Free, And Money Is Worthless"



"On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European 'wealth' noting that "Once the US citizen is in debt, the US government encourages them to stay in debt," noting that "the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it." His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that "through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex." From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Must watch."

- Source: Zerohedge, view the full article here:

Sunday, 23 December 2012

Bill Murphy and Chris Powell Call Out Gold and Silver Market Manipulation Conspiracy Critics


"Several Japanese pension funds started to invest in gold for the first time, according to the Wall Street Journal. The report claims the funds are looking to mitigate the damage of market shocks and reduce the risks associated with currencies. Until recently the pension funds invested mostly in domestic stocks and bonds. We talk to Bill Murphy and Chris Powell from the Gold Anti-Trust Action Committee about the role of gold as a hedge in world markets.

And we often discuss the role of the price mechanism and price discovery and on this show, as well as the role central banks, and private banks, play in distorting it. Whether through central bank induced ZIRP or through private banks tinkering with Libor, markets are most certainly manipulated and prices are unquestionably distorted. For years Bill Murphy and Chris Powell have made the case that the precious metal markets are no exception to the manipulation. While we see video of Queen of England touring the vaults of the Bank of England, we don't ever see transparent disclosure of the gold leasing and transactions of central banks. And as for silver price manipulation, the CFTC's four year investigation into silver has shed no light. We talk to Bill Murphy and Chris Powell of GATA about the latest developments in precious metal markets.

Plus, the SEC approved a JP Morgan copper ETF, the first US ETF that would allow investors to purchase copper, according to the Wall Street Journal. The ETF is backed by physical copper, and received clearance despite opposition from companies that use copper and some US lawmakers. They are concerned that the fund will allow speculators to squeeze the market, increase price volatility, and undermine price transparency for the industrial metal. We talk to Bill Murphy and Chris Powell about the impact of this new ETF.

And the Newtown school shooting unleashed tears, and renewed talk of gun control and laws. From the weapon used, the Bushmaster rifle, to big business, Lauren and Demetri talk about the reaction from Wal-Mart to Wall Street in today's Loose Change."

- Source, RT Capital Account:

http://www.facebook.com/CapitalAccount

Friday, 21 December 2012

Documentary - The Great Spanish Crash


The series "This World" by BBC brings us the documentary "The Great Spanish Crash". This documentary shows how this once booming economy has been brought to it's knees by greed, corruption and the ignorance of it's politicians. Essentially the sad thing is (which the BBC does not point out) that in the next decade country after country could make basically the same documentary and simply just change the title.

Of course if you are part of the very small, but ever growing minority of individuals who are continuously stacking gold and silver then you may be able to avoid some of these pains (if not all). Enjoy.

- Source, BBC:

Wednesday, 19 December 2012

Whistleblower Andrew Maguire - $3.5 Billion Dollars of Paper Gold Used to Smash the Market

“Keep in mind that $3.5 billion of paper gold was actually cleared in London yesterday. This selling was coordinated by the same bullion banks that are also active in the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex market.

But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what’s going on....

They know that the (US) government is shorting foreign exchange gold and they are long the dollar. So they (the Chinese) simply scoop up what (gold) they can at the resulting discounted price. What is astounding is that the price of world gold and silver is actually established in that manner because it has nothing to do with the physical market at all.

Essentially what they (the Chinese) are trying to do is divest themselves of their dollars, euros, yen and any other fiat currency as fast as they can. They are not stupid, they are going to sit back and allow the governments to defend these (paper) currencies."

- Whistleblower Andrew Maguire, via a recent King World News interview, read the full interview here:

Saturday, 15 December 2012

Obama Refuses Boehners Tax Hike Offer

"The Fiscal Cliff cat and mouse game is entering its last two weeks of calendar 2012, with Congress now officially closed for the year. And while we would have expected major updates in the Cliff timeline to only hit during trading hours, usually just as AAPL once again threatens to trade with a 4-handle, Reuters reports that out of the blue Boehner, who last we checked is back in Ohio, has made a radical departure with the Norquist pledge status quo, and has offered to raise tax rates on high earners to break the "fiscal cliff" deadlock in exchange for major cuts in entitlement programs, but President Barack Obama is not ready to accept, a source said late Saturday."

- Source, Zerohedge, read the full article here:

Monday, 10 December 2012

What the US Debt Looks like in $100 Bills



This shocking video puts in perspective the staggering amount of debt that the US government has accumulated. Keep in mind, all this money has been spent and is owed. Also remember that deficits are running over 1 Trillion dollars a year. A great video to pass around and help explain the dire situation to your friends and family.


- Source: http://demonocracy.info/

Wednesday, 5 December 2012

Goldman Says Gold May be Near a Peak

If there has been one thing over the years that I have learned. It is this. Do the opposite of whatever Goldman Sachs says. This is the most positive statement I have heard for the Gold and Silver markets in some time. Expect Gold and Silver to rally near the end of December.

Excerpt from the Globe and Mail:

"Goldman Sachs lowered its gold price forecasts across the board on Wednesday, noting increased chances for weakness.

While we see potential for higher gold prices in early 2013, we see growing downside risks. As a result, we find that the risk-reward of holding a long gold position is diminishing,” the bank said."

The risk-reward of holding a long gold position is diminishing? You could of fooled me. The rewards only seem to get greater and greater everyday. Regardless of the short term manipulated price changes.

- Source, Globe and Mail:



Saturday, 1 December 2012

Precious Metals to Rise 30%, 40%, 50% Next Year

"We know that it’s being manipulated. I’m not saying that as a conspiracy theorist. They (central planners and banks) were rigging the interest rate game for years. If they could rig the interest rate game, you think they are rigging the gold and silver markets?

Everybody knows that the more money they print, whether it’s outright monetary transactions or quantitative easing, they are debasing the currencies. Gold and silver should be 50% higher than they are now. The only reason they are keeping the price down, I believe it’s totally manipulated.

But they are not going to be able to keep it down forever. I would assume we are going to see precious metals see that 30%, 40%, 50% rise next year.”


Sunday, 25 November 2012

The Top 15 Economic Truth Documentaries

1. Overdose: The Next Financial Crisis – Directed by Martin Borgs

Based on the book “Financial Fiasco” by Johan Norberg this documentary depicts When the world’s financial bubble blew, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. The solution is the problem, that’s why we had a problem in the first place. Featured guests; Peter Schiff, Gerald Celente, Dennis Hannon. ~46 min.


2. 97% Owned - Directed by Peter Joseph

97% owned presents serious research and verifiable evidence on the troubling issues facing our economic and financial system. This documentary provides a UK-perspective, however, its inner workings of Central Banks and the Money creation process are virtually the same concept all around the world. ~2:10 hr.


3. Money as Debt 1, Directed by Paul Grignon

Todays money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave. Debt- government, corporate and household has reached astronomical proportions. Where does all this money come from? How could there BE that much money to lend? The answer is…there isn’t. Today, MONEY IS DEBT. If there were NO DEBT there would be NO MONEY. ~ 47 min.


4. Money As Debt 2, Directed by Paul Grignon

Bailouts, stimulus packages, debt piled upon debt…Where will it all end? How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers. ~1:16 hr.



5. Money As Debt 3, Directed by Paul Grignon

This third and final movie in the Money as Debt trilogy presents a comprehensive picture of how “money” could work in the future. It is a blueprint full of surprising specifics for creating a whole new system applied with technologies that exist right now. Money as Debt. ~1:02 hr.


6. The Ascent of Money: A Financial History of The World by Niall Ferguson

Based on the book, The Ascent of Money: This documentary provides a financial History of the World by a Harvard professor, Niall Ferguson‘s. It examines the long history of money, credit, and banking. ~4:30 hr.


7. Fiat Empire – Why the Federal Reserve Violates the U.S. Constitution, Directed by Matrixx Entertainment Corporation

A good documentary about the federal reserve in the United States. Most people believe that this bank is government owned but it is not. ~58 min.


8. Money, Banking, and The Federal Reserve System, Produced by Ludwig von Mises Institute

Thomas Jefferson and Andrew Jackson understood The Monster. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates. ~ 42 min.


9. The Crash Of 1929 – Produced by Ellen Hovde and Muffie Meyer

By 1929, Charles Mitchell, President of the National City Bank (which would become Citibank), had popularized the idea of selling stock and high yield bonds directly to smaller investors. Mitchell and a very small group of bankers, brokers, and speculators manipulated the stock market, grew wealthy and helped create the economic boom of that fabulous decade. ~1 hr.


10. Enron, The Smartest Guys In The Room, Directed by Alex Gibney

Believed by some accusers to be the most egregious corporate malefactors in American history — are about to go on trial for pillaging their company and devaluing its stock, leaving thousands of employees and investors holding the bag while they absconded with millions. ~ 1:49 hr.


11. MeltDown – The Secret History of the Global Financial Collapse – by Doc Zone

Doc Zone has traveled the world – from Wall Street to Dubai to China – to investigate The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed. ~44 min.

12. The Take – by Avi Lewis

We heard rumors of a new kind of economy emerging in Argentina. With hundreds of factories closing, waves of workers were locking themselves inside and running the workplaces on their own, with no bosses. ~ 1:20 min.


13. The Money Masters, Directed Bill Still

The Money Masters is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. ~ 3:30 hr.


14. I.O.U.S.A – Directed by Patrick Creadon

I.O.U.S.A. is a 2008 American documentary directed by Patrick Creadon. The film focuses on the shape and impact of the United States national debt. The film features Robert Bixby, director of the Concord Coalition, and David Walker, the former U.S. Comptroller-General, as they travel around the United States on a tour to let communities know of the potential dangers of the national debt. The tour was carried out through the Concord Coalition, and was known as the “Fiscal Wake-Up Tour.” From Wikipedia. ~ 45min.



15. The Last Days Of Lehman Brothers

Drama inspired by the real events that took place on the weekend of 12 September 2008 – when the Lehman Brothers went to the wall. ~59 min.

Thursday, 22 November 2012

A New Buyer is Entering The Gold Market

"I suspect that Japanese pension funds, insurance companies, banks, although they have to buy government bonds as almost a public edict because they can’t place the bonds, but talking to managers, there are switches going into the precious metals market. They are definitely buying up gold. Pension funds are doing that (buying gold). So there will be allocation shifts there."

- Ben Davies, via a recent King World News interview, read the full interview here:

Sunday, 11 November 2012

Ron Paul - A New Beginning

"America is over $16 trillion in debt. The “official” unemployment rate still hovers around 8%. Our federal government claims the right to spy on American citizens, indefinitely detain them, and even assassinate them without trial. Domestic drones fly over the country for civilian surveillance. Twelve million fewer Americans voted in 2012 than in 2008, yet political pundits scratch their heads. It’s not hard to see why, though."

- Excerpt from a recent post on Zero Hedge, Read the full post here:

Thursday, 8 November 2012

Stephen Leeb - We Need the Silver and You Have to Stop Buying it

"If there is one investment that can possibly rival gold, it’s silver. People don’t realize this, but at some point governments may say to their people, ‘We need the silver and you have to stop buying it.’ When that point comes, silver is likely to be at $150 to $200. So there is still a lot of room in the silver market.”

- Stephen Leeb via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/7_What_You_Need_To_Know_About_The_Coming_Gold_%26_Silver_Move.html

Friday, 2 November 2012

Jim Rogers is Shorting US Bonds Again


"During the height of the financial crisis, there was a fantastic little exchange between famed investor Hugh Hendry and financial journalist Liam Halligan. In the exchange, which occurred on CNBC, Hugh Hendry laid out, quite clearly, his reasoning for a debt deflation, and why he was confident that QE would not work. Liam Halligan, on the other hand, found it impossible to understand how deflation could occur with such huge increases in base money. Hendry's was a bold call, and it proved correct, but it required an understanding of monetary mechanics that seemed outside the reach of most commentators and pundits at the time.

We play this clip for Jim Rogers, and ask him if he too, has been surprised by the lack of any sever inflation, and the continued pressure on bank balance sheets. We ask him about his "inflationary holocaust" call, and how he feels this is, and will play out. Jim Rogers reveals that he has returned to shorting the US Treasury market."

- Source, RT News, Capital Account:

Thursday, 25 October 2012

Hugh Hendry: I Am Long Gold and Short the S&P


"I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold’s going to be. I have no idea. That’s my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may."

- Source:

Tuesday, 23 October 2012

Mike Maloney - We Don't Need Government to Ruin Our Economy

"History is full of examples of greed leading a populace to do incredibly stupid things. Indeed, we don't need government to ruin our economy. We can get by just fine by ourselves, thank you."


- Mike Maloney (pg 11 of Guide to Investing in Gold and Silver)


Saturday, 20 October 2012

Peter Schiff - Inflation is the Number One Concern Among Voters


Peter Schiff discussed the recent Fox News poll which confirms Inflation is the number one concern among registered voters

- Source:

Wednesday, 17 October 2012

You Will See the Real Price of Silver for the First Time

"We will see a day when silver can no longer be capped through paper trading and various games being played at the LBMA and COMEX, and in the end, it will be the physical market which will be the deciding factor. At that point you will see the real price of silver for the first time, and it will leave people in disbelief.”

- The London Insider Trader, via a recent King World News interview, read the full interview here:

Tuesday, 16 October 2012

Marc Faber Interview: Obama, Romney and the Fiscal Grand Canyon



"Marc Faber on Yahoo's Daily Ticker Financial Show. Topics include Europe, Asia and US markets along with US Election 2012."

- Source:

Saturday, 13 October 2012

Bill Fleckenstein - We Are in a New Era

"I think that we are in a new era, a new regime, in terms of how reckless these central banks are willing to be. So we have these out of control central banks, and I think it shocked people that Bernanke was willing to go as far as he was. So it seems to me the market is not going to spend a lot of time below that price ($1,800) because I think there are people that would have bought the (gold) market that day if it hadn't run away.

My feeling is there are buyers below the market. So if we are in the middle of another correction, and it has a little more to go, I don’t think there is a lot of downside, but we’ll find out.”


- Bill Fleckenstein via a recent King World News interview, read the full interview here:

Friday, 5 October 2012

Marc Faber and Jim Rogers Discuss the Shortcomings of Central Planners


Two gold and silver greats discuss the current economic situation of the world. Jim Rogers and Marc Faber agree and disagree on a large number of topics. One thing they do agree on however, is the complete ineptness of the U.S government to solve the current financial problems facing the world. This a great much watch video.

- Video Source:

http://www.cnbc.com/id/15839263


Tuesday, 2 October 2012

Unofficial QE3 Doubled Down on, QE4 Announced?

"The Fed doubled down on QE3 this morning and unofficially announced QE4....

(They did this) even when the echoes of QE3 are still reverberating around the room from Bernanke’s mouth.

(Charles Evans) said that the Fed should continue buying at least $45 billion more of long-term Treasuries, even after Operation Twist ends in January. (Remember), Charles Evans will be a voting member in the FOMC next year. Here is the most salient point, he did not indicate that these new and additional purchases, which will start in January, would be sterilized.

This is huge news. It is not an official announcement. Bernanke has not sanctioned this move, but your readers should understand that Charles Evans isn’t a nobody. He is the Federal Reserve President from Chicago. He is the architect behind QE3. The Fed did exactly what he spelled out QE3 would be."

- Michael Pento in a recent King World News article, read the full article here:

Friday, 28 September 2012

Ron Paul, Peter Schiff and Ben Bernanke on QE3 to Infinity



In this collection of clips you hear Ben Bernanke, Ron Paul and Peter Schiff discussing QE3 to infinity.

Monday, 24 September 2012

Ben Davies - Gold will be Over $2000 by Year End

"In light of the policy decisions that have been made, and the fact that the market has been surreptitiously held back, and that’s without a doubt, I think we really are pulling out the cork here. So I feel that by the end of the year gold will be over $2,000. I really feel that by May of next year, we’ll be $2,400 to $2,500. We’re starting a primary trend here."

- Ben Davies of Hinde Capital via a recent King World News interview, read the full interview here:

Saturday, 22 September 2012

Helicopter Ben - QE to Infinity!


$40 Billion a month until the end of days? No problem. Ben's got you covered!

- Picture source, William Banzai7:


Tuesday, 18 September 2012

Marc Faber - The FED's Policies Will Destroy the World



"Marc Faber, publisher of the Gloom, Boom & Doom report, talks about Federal Reserve policy and his investment strategy. Faber, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses gold prices and the property market."

- Source, Bloomberg TV:

Thursday, 13 September 2012

QE3 Today?



Is QE3 on the way today? We shall have to wait and see. Ben Bernanke will be making the announcement any minute now. The market is highly expecting it. Hold your breath, we could be in for a bumpy ride.

- Image Source:

http://williambanzai7.blogspot.ca/

Monday, 10 September 2012

Bill Murphy - Silver $50 by the End of 2012?


Bill Murphy, chairman of GATA appears on Capital Account. He discusses the manipulation in the silver market by JP Morgan. Also he calls for $50.00 silver by the end of 2012. Watch the full video for much more.

Sunday, 2 September 2012

Peter Schiff: Ron Paul's Lack of Coverage is Why he Couldn't Win



Peter Schiff appears on Fox Business where he discusses the lack of media coverage Ron Paul received, Romneys economic platform and much more. View the full video above.

- Source: http://www.foxbusiness.com/index.html


Monday, 27 August 2012

Marc Faber Forecasts the Future of the Global Economy



"Marc Faber discusses what opportunities are likely to emerge for institutional investors if sovereign debt continues. He assesses the possible impact of social and political unrest in North Africa and the Middle East, and how hedge funds can invest in emerging markets."

Friday, 24 August 2012

Jim Sinclair: Stay the Course!

"Stay the course! The current pressure on gold shares by hedgies is because Romney says, if elected, he will fire Bernanke and will not want to see QE 3.

Now what impact does that have to have on Bernanke? I would say he now really wants to see Obama elected. That speaks very well for huge stimulus fast and an end of the standoff between the Federal Reserve and the US legislative.

The hedgies hate gold so they interpret Romney's statement bearishly. In truth it is the opposite, bullish for gold.

Bernanke has been considered good for the dollar up to now as much as that is mistaken."


- Jim Sinclair of JSMineset.com

Tuesday, 21 August 2012

Silver is a Gift Right Now at $29

"So silver has two drivers going forward. One is the monetary aspect because silver is money. But the other is the industrial component, and the demand for silver to cultivate energy is going to skyrocket. Later on, people will not believe you could buy silver in the $20s. It’s a gift right now at $29."

- Stephen Leeb via a recent King World News interview, read the full interview here:

Friday, 17 August 2012

COMEX Silver Inventories Have Peaked, Now Declining

"I don’t think it’s coincidental that the low of $26.07 in silver was set the very same week we saw the peak in COMEX inventories.

Now silver inventories have declined and silver starts to look a little more technically positive. Twice now the silver bears have failed to follow through on the downside.

Something important to keep in mind as well, the area around which we’ve created this triple-low in silver, is right in line with the 50% retracement of the entire bull move from 2001 to the $50 high. A move now above $29 would be bullish from a technical perspective, and that’s something we’re looking for.

After $29, the next major resistance for silver is $37.50. This is a situation where silver has a pretty decent upside move in front of it once $29 falls.”

- Greg Weldon via a recent King World News interview, read the full interview here:

Tuesday, 14 August 2012

Jim Sinclair: The System is Broken

"The system is broken.
The system is guaranteed to the hilt.
The result of making good on these guarantees would be the maximum prediction for the gold price amongst sane commentators and the lowest level possible for the dollar.
A Federal guarantee to infinity would demand QE to Infinity in order to function."



- Jim Sinclair of JSMineset:

http://www.jsmineset.com/2012/08/12/in-the-news-today-1275/

Sunday, 12 August 2012

Soon to Join the SLA with a New Vault Service Sprott, Turk and Maloney

"Silver (and Gold) soldiers of the SLA… We are in the home stretch of launching a new bullion vaulting service ($500,000 min.) that will – along with Sprott, Turk and Maloney – put additional pressure on the banksters – by taking hundreds of millions worth of physical off the market. Even if you can’t participate at the $500,000 level, the new buyer in the space will put additional pressure on already tight supplies. So far, over the past 10 years, the fight against the banksters – by buying physical silver and gold – has run according to the script I wrote for this ten years ago (with prices of both Silver and Gold (and oil) capturing prizes as top performing assets for the past decade). Now it’s time to deliver Maxwell’s Silver Hammer blow!"

- Source: Max Keiser, via Maxkeiser.com

Thursday, 9 August 2012

Dying for Work Protest

These two images were seen in Vegas this morning:















First image appears to be a man hanging from a billboard that says "Dying for work".


Second image clears up the confusion and makes it clear to people what the message of this protest is "Hope you're happy Wall St.".

Upon closer inspection you can clearly see these are only dummies. None the less I am sure this made a bold impact to those who seen it today and the message got across.

Image Source:



Sunday, 5 August 2012

QE 3 in September?

"U.S. jobs data showed that the nonfarm payroll report for July produced 163k jobs. That sounds alright at first glance, however, the Household Survey conflicted with the Establishment Survey, in that it concluded 195k net individuals actually lost their jobs last month; and that the unemployment rate ticked higher to 8.3%.

Americans continue to leave the workforce—150k left last month—while our unemployment rate has now been above 8% for the last 41 months. That stubbornly high and rising unemployment rate will likely cause Mr. Bernanke to announce QE III in September...."


- Michael Pento, via a recent King World News interview, read the full interview here:




Friday, 3 August 2012

The Inevitable Inflation

“I am telling my clients, I am gearing them towards the inevitable inflation. But I think it’s silly to go ‘all-in’ right now. We have significant holdings in precious metals and we have written covered calls against that strategy. Then, we are ready to go all-in once we have a firm commitment on the part of these two central bankers to massively monetize the debt.”

- Michael Pento via a recent King World News article, read the full article here:



Tuesday, 31 July 2012

Greece is OUT of Money Again!

While we are not certain how many times we have used the above headline in the past we know it is not the first time. Nor the fifth. Yet here we are again, reporting that Greece is out of money again. "Near-bankrupt Greece is fast running out of cash while it waits for its next installment of aid from international lenders, a deputy finance minister said on Tuesday, sounding the alarm on the country's precarious financial position. Greece's European partners have repeatedly promised the country will be funded through August, when it must repay a 3.2 billion euro bond, but the details of the funding have yet to be disclosed. In the absence of that money, Greece would run out of funds to pay everyday public expenses ranging from police and other public service wages to pensions and social benefits. "Cash reserves are almost zero. It is risky to say until when (they will last) as it always depends on the budget execution, revenues and expenditure," Deputy Finance Minister Christos Staikouras told state NET television" In other words just like the US yesterday, Greece has also overestimated its revenues and underestimated its expenditures; also Greece in August is what the US itself will be in about 3-4 months, when the debt ceiling is hit. Luckily, the political environment in D.C. is open and cordial, and a prompt resolution to both the debt ceiling issue and the fiscal cliff, especially as they all coincide just in time for the presidential election is guaranteed.

- Read the full story at ZeroHedge, here:

Thursday, 26 July 2012

Peter Schiff - Gold Has Broken Out, We Are Looking at a Retest of All Time Highs

"Gold has now broken out of a channel. There was a very nice trendline and we just broke out of that today. Now that we have broken out of that channel, there is a lot of room to the upside. The next channel for resistance appears to be another $100 higher than current levels for gold.

If gold breaks above the $1,650 level with conviction, then I think we are looking at retest of the all-time highs from late summer of 2011. And nobody is really anticipating that because these gold stocks are priced for a collapse in the price of gold, not a return to the highs."


- Peter Schiff via a recent King World News interview, read the full interview here:



Friday, 20 July 2012

The Gold and Silver is Not There

“As this scandal is brought to light, that the unallocated gold and silver are not there, and much of the allocated gold and silver is not at these banks either, and as you see these naked short positions unwound, the world will witness a massive price rise in in both gold and silver. The move in gold and silver, at that point, will literally frighten most people. They simply won’t understand what is happening."

- The London Trader, via King World News. Read the full interview here:



Tuesday, 10 July 2012

$15 Trillion to be Released into the Money Supply

“So let me put it together for your listeners. We have $1.42 trillion of excess reserves. We are now going to be told that there will be no capital reserve requirements on owning sovereign debt. You will have commercial banks flooding the market with the purchase of sovereign debt. Not just US debt, Portuguese debt, Spanish debt, Greek debt, all of that debt will have zero capital requirements.”

“Let me be clear on this, I’m not saying it could increase M2 money supply to $15 trillion, this could increase it by $15 trillion. So we’re talking perhaps about $24 trillion. It has the potential to increase to rapidly increase the global money supply, and it would be a tremendous boost to commodities, oil and precious metals.

However, I would add that it will only vastly exacerbate the stagflationary environment that we see gripping the entire developed world...."

- Michael Pento, via a recent King World News interview:

Friday, 29 June 2012

Biderman: Why Does the Market Still Believe in Something for Nothing?



Biderman is back discussing the brainwashed investing public and the lame duck media. He ends with a classic line: "You just cannot print money and solve the world's problems". This statement seems rational to any sane person, yet the politicians and bankers of the world seem to think it is our solution still.


- Source: http://trimtabs.com/blog/

Sunday, 24 June 2012

Gold has Considerable Room to the Upside

“Look, if you were to run M4, M3 numbers, etc, and assert a value to gold on an appropriate metric relative to that, obviously gold would be at stupendous prices. I believe that gold has considerable room to go to the upside, four or five times (Gold price above $6,000). I think that’s not an inappropriate suggestion.”

- Ben Davies, via a recent King World News interview. Read the full article interview:

Friday, 22 June 2012

Europe to Launch Two Trillion Euro Bailout Package

"What I am hearing is they are readying a two trillion euro bailout package. If that happens, I think it almost puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher because the powers that be don’t want a stronger dollar."

- Jeffry Saut, via a recent King World News interview, read the full interview here:

Thursday, 21 June 2012

Fox Gets it Right! Where is the Hope and Change?



A great piece by Fox News (not often I can say that). Shows how Obama has been a complete flop in his first term and how all the "Hope and Change" he promised is no wheres to be found. 

Sunday, 17 June 2012

Rand Paul Explains Why He Endorsed Mitt Romney

Rand Paul explains why he endorsed Mitt Romney for president. Whether you agree or disagree with what he says, here it is.


Monday, 11 June 2012

European Crisis Explained

A breakdown of the European debt situation, starting with Greece and consuming the entire continent.




- Source:

www.omidmalekan.com

Friday, 8 June 2012

Jim Sinclair: No One Will Lend Money

"Operation Twist has been and will continue to be a major non functioning bomb in terms of stimulation. It did zero from its inception and will do less in the future. The 2011 version of Operation Twist calls for the Fed to sell $300-$700 billion of securities maturing in three years or lower, and then use that money to buy longer-dated securities maturing in 7-12 years. The program is designed to lower long-term rates to help mortgage holders refinance and lower the cost of borrowing, therein bolstering the economy. When no one will lend money to anyone what difference does it make to artificially try to keep long rates low? This is MOPE via MSM.

- Jim Sinclair, via JSMineset.com

http://www.jsmineset.com/

Sunday, 3 June 2012

Gold Backed Bonds On the Way?

“So, there was a paper prepared by what are called, ‘The German wise men,’ last fall. It was immediately rejected by everybody in sight.

They came back a few weeks ago with a revised version, where they came up with this formula where the countries would have the guarantees of all of their debt above 60% of their GDP (the legal limit under the Maastricht Treaty) -- they would be covered by a euro bond. And the countries who were getting this euro bond would pledge their holdings of gold.

This wouldn’t have the situation, where as Jens Wideman of the Bundesbank said, ‘We’re not going to use Germany’s credit card for those who spend too much.’ They would have the security of gold. This is under active discussion. I have reason to know they have been discussing it with people in the industry.”

- Don Coxe, via a recent King World News interview, read the full interview here:

Monday, 28 May 2012

Greece to Leave Euro Zone on June 18!

Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 as the rest of the euro zone rounds on "cheaters," Nick Dewhirst, director at wealth management firm Integral Asset Management, told CNBC.com Monday.

“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said.

He added that Greek society was built on cheating and scheming, saying “everyone does it” but that voters elsewhere in the euro zone were now calling Greece to account.

- Read the full story at CNBC here:

Wednesday, 23 May 2012

Ben Davies - The Gold & Silver Liquidation is Over

“I humbly believe the seller is done. For one week there has been several but mainly one entity selling Comex gold futures, as well as some physical to liquidate on the open and closes. This suggest to us it was a CTA commodity type fund. They use volume areas of the day to transact.”

The sell-off in gold is reminiscent of the 2008 deleveraging process but it is more similar in dynamics to 2012 when a notable fund manager had to sell his gold/ ETF holdings. There were buyers of course, seller and buyer volumes must match. But the need to sell overwhelmed the need to buy.

When you have redemptions time is against you to liquidate, so it becomes a case of sell at any price as time becomes finite. Gold buyers picked up some bargains then and they will now.

Before FOMC minutes two nights ago the seller was back at the close. And then the FOMC minutes changed the dynamic of market with the mention by some members that QE would be back if they saw renewed economic weakness. This is the association for us all of why the market stopped going down but in truth the seller was done."

- Ben Davies, via a recent King World News Interview:

Friday, 18 May 2012

Facebook IPO Equals EPIC FAIL

"I thought it was going to open at $48 and trade up around there," said Michael Cohn, chief market strategist at Atlantis Asset Management in New York.

Facebook closed unchanged at $38.00 per share, after massive intervention to maintain that price throughout the day.


Monday, 14 May 2012

Greece May be Forced to Leave the Euro

Germany and the European Central Bank are thought to have drawn up detailed plans for a Greek exit for the euro. They are designed to stop it provoking panic in other vulnerable countries, particularly Spain and Ireland. However, this is fraught with difficulties, particularly if Greece refuses to take part in an “negotiated exit”.

Yesterday, Mrs Merkel raised the spectre of Greece leaving the euro. She is under increasing pressure in Germany to force the country out of the single currency to avert several more years of uncertainty. “I believe it’s better for the Greeks to stay in the euro area, but that also requires that we set out a path on which Greece gets back on its feet step by step,” said the chancellor.

- Read the full article here:

Tuesday, 8 May 2012

Bring on the Money Printing!

"It’s clear that people aren’t going to stand for austerity anymore and the politicians, all they want to do is get reelected, so they are going to go where the votes are. This probably ought to be the final hurrah for the deflationists argument. I say ‘argument’ because it hasn’t been an outcome, it’s just been a theory.”

- Bill Fleckenstein, via a recent King World News interview:

Wednesday, 2 May 2012

BRICS to Establish New Bank

The decline of the dollar continues. The dollar is being circumvented daily. When will the tipping point be hit?



Saturday, 28 April 2012

Embry - The Paper Guys have Overplayed their Hand

“I would dare say that the manipulation (of gold) today is perhaps more blatant and there is more of it than I’ve ever seen. They (the manipulators) don’t care anymore. You see these 3 o’clock in the morning precipitous drops.

You see drops when the COMEX opens and when the London PM fix is in. There are always these times they attack, and no market that wasn’t being manipulated would trade with that regularity.

I am of the mind that the paper guys have overplayed their hand and they have pushed the price too low. The people in the East, in particular, the Russians, the Chinese, etc., know perfectly well the situation. They are using this as a wonderful opportunity to take on more and more physical at what I would consider to be bargain prices.

I was fascinated by what Jim (Sinclair) had to say, that he thought there could be an air pocket in gold to the upside. That would really be something, but it wouldn’t shock me.”

- John Embry via a recent King World News interview, read the full interview here:

Tuesday, 10 April 2012

Keiser Report: Return of the Silver Liberation Army


  "In this episode, Max Keiser and co-host, Stacy Herbert, discuss the return of the Silver Liberation Army as JP Morgan's Blythe Masters claims the bank does not manipulate silver prices. They also discuss JP Morgan's 'London whale' breaking the credit default swap (CDS) index market with massive prop position. In the second half of the show Max talks to author, Pierre Jovanovic, about Blythe Masters role at JP Morgan and the similarities between the world today and France of the 18th century on the eve of revolution."

Friday, 30 March 2012

Vice President Biden: "We Want To Create A Global Tax"



Make sure this never happens!


"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.

"We want to create (what's called) a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.


- Read the full article here:

Tuesday, 27 March 2012

OECD calls for $1.3-trillion euro zone fund

Euro zone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week, the head of the OECD said on Tuesday, advocating “the mother of all firewalls.”

Investors and many European officials want ministers to agree a combination of the 17-nation currency area’s two rescue funds to nudge the International Monetary Fund into backing debt-stricken European economies, should they need help.

“When dealing with markets you must overshoot expectations,” said Angel Gurria, the secretary general of the Organization for Economic Co-operation and Development (OECD).

- Read the full article here:

Friday, 23 March 2012

Jim Sinclair on the Inflation / Deflation Debate


Jim Sinclair discusses the age old inflation / deflation debate. He also answers some common questions he often receives. This is from 2009. You can see how correct Jim has been.

Wednesday, 21 March 2012

Jim Sinclair and the Nuclear Economic Trigger


"In this week's interview with Ellis Martin, noted analyst and gold guru James Sinclair outlines not a scenario but a reality that is here now. The US has pulled the nuclear economic trigger on India and Japan in the interest of coercing them to cease trading for oil with Iran. The gun is actually pointed at ourselves. Listen and hear why the dollar is ultimately doomed as these countries now look to the Yuan and Euro as a trading tool instead of the dollar. That's India and Japan...Russia....China.....Europe....etc."

- Source:

http://www.ellismartinreport.com

Saturday, 10 March 2012

Robert Mish - Front Line Evidence We are Nowhere Near a Gold Bubble



"Robert Mish has been a precious metals dealer for nearly 50 years and knows what a gold bubble mania looks like. We are nowhere near that stage, in his opinion.

Instead, he sees a US populace largely unappreciative of holding precious metal as a store of wealth, and engaged in a slow process of dis-hording their gold and silver to eager foreign buyers who are more than happy to take the bullion back to their shores.

In terms of where we are on the gold mania spectrum, he sees us at a "2" out of 10.

But he foresees a very rude awakening ahead as the populace eventually wakes up to the increasing damage our over-debted global economy is doing to the purchasing power of world currencies. Because when the general investor finally realizes the protection the precious metals offer against currency debasement, much of the retail supply will already be out of the system in very tight hands, and largely overseas.

Moreover, when supply gets tight, there will be more challenges to obtaining physical bullion during a buying mania than there were during the last one in 1980. There are many fewer local sources to exchange bullion these days as much of that business is now transacted by online vendors dependent mail delivery to ship product, which are more vulnerable to supply chain disruptions.

And be sure you're aware of how the form you hold your bullion in will affect the price you get during a buying frenzy, when refining capacity is overwhelmed. You may find you gold or silver sells at a hefty discount because it's not in a preferred format for trade."


Wednesday, 7 March 2012

The Bears Explain Gas Prices


"The bears discuss why gasoline prices have risen so much."

by Omid Malekan
www.omidmalekan.com


London Trader - 40+ Tons of Physical Gold Acquired Yesterday

“Yesterday when we dropped through $1,700, you would not believe the amount of physical tonnage orders that filled. US centric traders tend to concentrate on the COMEX, but the real market is made in London.
The commercials have been covering their short positions and the local traders are all short at this point. All of the guys who were long and vulnerable at the highs, are now short and vulnerable and this exactly what we need to make a bottom.

These momentum traders ran into a very large sovereign order near the $1,680 area. When gold broke through $1,680 there were layered physical orders. Over 40 tons of physical gold were filled below $1,680....

These physical orders increase exponentially in size going all the way down to $1,650. The bullion banks know that these orders are down there, but obviously it’s all about where the lines cross. So, as I said, these bullion banks are covering like crazy right now."

- Read the full story at King World News Here:

Sunday, 4 March 2012

Whistleblower Maguire - US Entity Interferes in Gold Market

“This (manipulation) was 100% to protect resistance levels that were about to be breached. However, I don’t think for a minute this has fooled anybody. Anyone in the physical market was waiting for something like this. You only have to have enough of the weak money in there and sure enough they will flush it out.

They (commercials) have been meeting these guys (futures buyers) head on, one for one, short for long, for the last couple of weeks. We’ve been seeing it build up and all they (commercials) have done is cash it in....

We were seeing massive order flows. We were seeing every single bid being hit. The offers were just massive. I mean we were seeing 10’s and 20 thousand contracts at a time being unloaded by single individuals.

This would be the agents that control the markets. I don’t believe for a minute it was genuine selling. This was 100% paper orchestrated selling and it had nothing to do with the physical market whatsoever. They came in with massive sell orders, creating absolute panic in the marketplace.”



Tuesday, 14 February 2012

The Judge's Final Word on the Last Freedom Watch!




"Judge Napolitano's Final Word on the Last Episode of Freedom Watch. FOX news did not "fire" the Judge... they just cancelled his show. According to Fox News press release, the Judge will be appearing again on Fox but Freedom Watch is done for.rather ironic a show about freedom got shut down. Although its sad to watch this end, one had to wonder how long it was going to last or how it even got on Fox News in the first place. Liberals have CurrenTV, perhaps its time to consider a new alternative..."

- Gerald Celente

Friday, 10 February 2012

High Net Worth Investors to Push Gold Over $4000

"The high net worth and retail investor is really starting to accept that gold is here to stay. They are beginning to understand it should be part of your portfolio. So I’m really constructive over the course of this year.

I would not be surprised if 2012 is the year we really start to get that retail momentum into the (gold) market. So it’s not inconceivable the numbers I have posted in latter years, that we start getting back to what I consider fair value relative to the monetary base, which is, of course, over $4,000.”

Wednesday, 8 February 2012

Wake Up America - Jon McNaughton



- By the artist Jon McNaughton:

http://www.mcnaughtonart.com

If you don’t own gold and silver I think you are making a terrible mistake in this environment

"Outside of China, if you break down the three major economies in the world, Japan, Europe and the United States, everyone of them has a debt situation there is no answer to other than to create more paper (money).

That is the most positive environment possible for gold and silver. They are going to continue to debase all of the currencies in all of the Western economies to nothing. If you don’t own gold and silver I think you are making a terrible mistake in this environment.”

- John Embry via a recent King World News Interview, read the full article here:

Tuesday, 7 February 2012

Keiser Report: It's All Legal, Folks!



"In this episode, Max Keiser and co-host, Stacy Herbert, discuss the supercommittee that runs America, the perils of Draghi's "blitz" and the IMF turnaround on austerity for Greece. In the second half of the show, Max talks to Gonzalo Lira about austerity, printing and running."

Saturday, 4 February 2012

James Dines: Owning 'Wealth In The Ground' Is Your Best Bet to



"James Dines has been in the business of making bold calls for over 50 years. In this deep-diving interview, he minces no words about the dire risks the US economy - and the world at large - faces at this juncture.

Simply put, he sees the excessive credit in the financial system as having placed the global economy on a collision-course with hyperinflation.

Unlike past periods of turmoil, there are no truly 'safe' places for investment capital to hide. Geographic markets and almost all asset classes are positively correlated these days. They share many of the same risks and if a systemic crash occurs, they will crash together.

At this point, says Mr Dines, you want to invest in assets that can not be printed away by government desperation. You want to hold hard assets; "wealth in the ground" as Dines says (physical commodities, mining companies, etc). They're your best best to make money faster at a rate faster than inflation is going to happen."


Friday, 3 February 2012

Kyle Bass: "Don't Sell Your Gold"

The mainstream media seem willing to sound the all-clear and bring us back from Defcon-3 on the back of what can generously be described by realists willing to look at the actual data as a 'murky' NFP print. The market's reaction seems modestly QE-off (with rates up decently) but the only modest drop in Gold appears to fit with a lack of conviction in the data (especially given the EUR sell-off on Papademos chatter). It seems, as Bloomberg reports, Kyle Bass is right to take the longer-view when he notes today "I'm against selling any of the gold" in UTIMCO's portfolio, pointing out the mounting risks from government deficits in US and Europe, "as every day goes by, I see deflation in the things you own and inflation in the things you need." Summing up the reality of our global situation, one of Bass's colleagues adds "This is a grand experiment and they typically never end well."

- ZeroHedge, Read the full article here: