FORENSIC EVIDENCE: Why Silver Price Manipulation Will End

To Make Sense Of Silver Price Manipulation, You Have To Understand The True Fundamentals

Even though Deutsche Bank finally came out and provided evidence that they have been manipulating the silver market, this didn’t do much to change the falling price trend. Ironically, after Zerohedge published the Deutsche Bank Silver Manipulation article on December 8th, the price of silver fell another 8%.

I would imagine this must have done wonders for already disenchanted silver investor. Which is why I decided to write this article. Even though the present downturn in the paper silver price can be quite frustrating to many investors, SILVER’S REAL VALUE is totally misunderstood by the market.

To understand how the silver price is being manipulated, we have to first understand the silver pricing mechanism. To explain this, I decided to use one of the largest primary silver mining companies in the industry, Pan American Silver.

Unfortunately, the majority of the market still believes that “Supply & Demand” are the leading drivers of price. They aren’t. While I used to believe in this economic theory, I no longer do. I have made the case for this in several of my past articles, but I will show it again using Pan American Silver as another example

I have updated my chart below to show Pan American Silver’s “Estimated Break-even” from 2004 to 2016:



This chart may seem a bit complicated, but it’s not. The top of the BLUE AREA is Pan American Silver’s estimated break-even, the WHITE LINE represents the realized annual silver price and the GREEN or RED figures show the estimated profit or loss per ounce each year.

Basically, when the white line is above the blue area, Pan American Silver made a profit and when it fell below, they suffered a loss. So, except for a few really good years (2011 & 2012), Pan American Silver did not make much money for each ounce of silver they produced. Pan American Silver enjoyed a $9.02 profit per ounce in 2011 and $5.20 in 2012. However, they lost money in 2004, 2013, 2014 and 2015.

- Source, SRS Rocco, Read More Here

Silver Prices Still Up For 2016 After FED Rate Hike

With so much action in gold & silver, unfortunately to the downside, we had to get back the biggest expert on their price that we know (well him and Andy Hoffman). Just this week the Federal Reserve raised rates like they did December last year and in the short term the metals are contracting. David's predicting a end of january time for the next wave up in the rally to commence.

- Source

Why Europe Must End in Tears

The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week.

The Italian people have had enough of their government’s economic failure, and is refusing to give it more power.

The EU and the euro project have been an economic disaster for all participants, including Germany, which will eventually be forced to write off the hard-earned savings she has lent to other Eurozone members. We know, with absolute certainty, that the euro will self-destruct and the Eurozone will disintegrate.

We know this for one reason above all. The political class and the ECB are guided by economic beliefs – I cannot dignify them by calling them reasoned theory – which will guarantee this outcome. Furthermore, they insist on using statistics that are incorrect for the stated function, the best example being GDP, which I have criticised endlessly and won’t repeat here. Furthermore, the numbers are misrepresented by government statisticians, CPI and unemployment figures being prime examples.

This article takes a column written by William Hague for the Daily Telegraph published earlier this week to illustrate the depths of misunderstanding even a relatively enlightened politician suffers, with this mix of nonsense and statistical propagandai. This article also refers to a speech delivered this week in Liverpool by Mark Carney, Governor of the Bank of England, showing how out of touch with reality he is as well. Many of his and Lord Hague’s misconceptions are shared by almost everyone, so for the most part go unnoticed.

Lord Hague basically blames the euro for all Europe’s ills: “…... it has made some countries, like Italy and Greece, poorer while others get richer”, he opines, and it is certainly a common sentiment. But it is never the currency that’s to blame, but those that attempt to use it to achieve policy outcomes, and inevitably fail in their quest.

Before the euro came into existence, different currencies offered different interest rates, reflecting the market’s appraisal of lending risk. So, the Greek government, borrowing in drachmas, would typically have to pay over 12% interest, while Germany might pay 3% for the same maturity in marks. The fact that there were differing rates in different currencies imposed market discipline on borrowers.

After the introduction of the euro, interest rates for sovereign borrowers converged towards the lowest rate, which was Germany’s. The reason for this was banks could gear up their lending in the bond and money markets to make easy money from the spread between German rates and the others, risk-free on the assumption that the whole caboodle was guaranteed by the EU and the ECB. It was perfectly reasonable to expect this outcome, but whether the panjandrums in Brussels were smart enough to know this would happen is not clear. If they were, they displayed ignorance of the eventual consequences, and if not, they were simply ignorant, full stop.

These same operatives bent the rules they themselves had originally set to allow countries to join the euro. Under the Maastricht Treaty, budget deficits were to have been less than 3% and government debt to GDP less than 60% for a state to qualify for membership. Neither Germany nor France qualified at the outset. And when it came to Greece, the Greek government simply lied, with the full knowledge and encouragement of the other members. No, Lord Hague, it was the policy makers that were at fault, not the currency itself.

But he continues: “Membership of the euro has put the Italians on a permanent path to being poorer”. Not so. It was the Italians who used cheap euro-denominated money to borrow profligately. They, and they alone are responsible for the mismanagement of their economy and their debt problems, which incidentally now exceed the Maastricht 60% limit by a further 75%.

So, who is policing that?

Lord Hague also trots out the canard about how the euro benefits Germany: “Germans keep exporting easily and running up a surplus, while the Italians struggle and go deeper into debt”. This statement in quotes is undoubtedly true on face value, but it is wrong to blame the poor euro. Instead, the blame lies with fiscal imbalances, relative rates of bank credit expansion, and the additional horror of TARGET2. This last artifice is intended to even out the monetary imbalances that would otherwise occur from trade imbalances. But its designers seem to have been completely unaware that the only way trade imbalances can be controlled is through the money shortages and accumulations that result from trade deficits and surpluses respectively. Instead, TARGET2 makes good the money deficiency that results from excess imports, and reduces the money surplus that accumulates in the hands of the exporters. It recycles the money spent by Italians so that it can be spent again, or even hoarded outside Italy, ad infinitum. TARGET2 is living proof of the ridiculousness behind the euro project.

Lord Hague provides an exception to his argument and conclusion, by citing Germany’s greater productivity and suggesting that the only way out was for Mr Renzi to enact bold reforms to raise Italian productivity to the same level as Germany’s. He doesn’t say what these reforms might be. I can tell him: the new government should downsize from 52% of GDP to less than 40%, the lower the better. The redeployment of capital from government destruction to private sector progression will work wonders. Tax policies should favour savers. At the same time, ordinary Italians should be allowed to get on with their lives and made to understand the state is not there to support them with handouts.

Finally, Lord Hague’s conclusion, while correct legally, is incorrect from a strictly economic point of view. He states that leaving the euro is a far more difficult problem than leaving the EU, there being no Article 50 to trigger. He implies that if Italy simply returns to the lira, there can be little doubt that it will rapidly collapse taking its banks with it, because Italy’s creditors will still expect to be repaid in euros while the cost of borrowing in lira is bound to increase rapidly, undermining government finances.

However, contrary to everything Keynesians have been taught and in turn teach gullible students, the economic objective of monetary independance should be sound money, not continual depreciation. Italy has enough gold to arrange a gold exchange standard for herself, or alternatively she could run a currency board with the euro, to ensure the lira retains value for foreign creditors. Either course requires something novel from Italian politicians: they must bite the bullet on government finances and permit capital to be redeployed from moribund businesses to new dynamic entrepreneurial activities. It can be done, and Italy would rapidly emerge as a new industrial force.

But will it be done? Sadly, there’s not a snowball in hell’s chance, and here we must agree with Lord Hague. In common with their opposite numbers everywhere else, Italian politicians have surrounded themselves with economic yes-men, trained at the expense of the state to justify state interventions in the economy. It has become a feed-back loop that ultimately concludes with economic instability, crisis and eventual collapse.

Carney’s groupthink

Lord Hague, while respected as a senior British politician is at least not involved in Italy’s monetary or fiscal policies. Far more dangerous potentially is someone with his hand on the monetary tiller, Mark Carney, Governor of the Bank of England. This week he made a speech in Liverpool, which put the blame for the failure of his monetary policies on everyone but the Bankii. He said politicians need to foster a globalisation that works for all. Really? How are they going to do that? He blames economists for been at fault for not recognising “the realities of uneven gains from trade and technology”. But surely, we all know that establishment economists, including the Bank’s own, have an unrivalled track record of getting things wrong. To expect them to suddenly exhibit forecasting prescience is Carney’s personal triumph of hope over reality. Carney berates companies for not paying tax. This is the classic “someone else’s fault” line, and ignores the easily proven fact that money deployed by the private sector in pursuit of profit is productive, while giving it to government is wasteful. More tax paid may be desired by the state, but it is anti-productive.

The Governor then claims the Bank’s monetary policy has been “highly effective” and that “the data do not support the idea that the period of low rates has benefited the wealthy at the expense of the least wealthy.” He has obviously been unable to make the connection between the falling purchasing power of fixed salaries for the low paid and for pensioners relying on interest income, while stock markets roar to all-time highs on the back of suppressed interest rates and injections of money through quantitative easing. Yes, Mr Carney, my middle-class friends have done very well out of their investments and property, thanks to monetary inflation, but they still pay their gardeners and maids roughly the same depreciated wages.

This is relevant not only to the mismanagement of the UK’s economy, but also that of Europe. Carney attracted considerable criticism, rightly, for falsely threatening economic hell and damnation in the event of a vote for Brexit. This presupposes that everything in Europe is considerably better than for Britain on its own, and confirms that his opposite numbers in Europe, who were pushing the same line, have as much grasp of the economic situation as he has. Carney got this as wrong as he possibly could, but there’s no mea maxima culpa.

If Mr Carney and Lord Hague want to criticise current economic events, they should start by properly understanding the negative effects of fiscal and monetary intervention. They should realise that propping up defunct enterprises by lowering the cost of borrowing and supporting them with government contracts is Luddite and destructive. And above all, they should realise that ordinary people going about their business are infinitely adaptable, have an ability to withstand government and central bank silliness to a remarkable degree, and would deliver their taxes much more effectively if they were simply allowed to just get on with their business without having to suffer from government and central bank micro-management.

- Source, Goldmoney

David Skarica: Even Trump’s Best Policies Can’t Stop the Crash

Some investors are getting carried away with ‘Trump trades’. Now that he is elected we see the psychological optimism linked to cutting taxes, deregulation, and infrastructure spending being reflected in the stock market. David Skarica thinks the stock market is overvalued, and this upward trend won’t last long. He is preparing for a crash between the summer and fall- which is the common historical trend, as is a crash under a Republican majority.

Many are comparing Trump to Reagan, and David points out some key similarities and differences. In 1980 as well as present day- we have high unemployment, stagnant wages, and are coming out of a 6 or 7 year bull market. There are some glaring differences though. When Reagan took office, the debt to GDP of the US was around 30%.. the interest rates were higher, and people had very little personal debt. When they increased spending and cut taxes, they could run the huge deficits because it was at a low level, while interest rates were coming from a secular top.

Now the debt to GDP is over 100%. Interest rates likely bottomed this past summer, and should be headed higher for the next decade. The tax cuts probably won’t work like they did in the 80’s, because people are too indebted with mortgages, student, and car loans. The tax cuts savings will go to pay off debt, not back into the economy. Stock market capitalization to GDP is 125% right now. It has only been higher during the 2000 bubble in stocks. So we are very overvalued. Even the best of policies probably can’t change that.

The Fed is expected to raise rates in December and a few times next year, while Japan and Europe are still printing money- and every other central bank is either standing pat, or loosening. This means the dollar might go higher in the short to intermediate term, but If the US policy divergence in interest rates continues, it could burst the stock market bubble. Democrats tend to tax and spend, while Republicans borrow and spend- so we can expect huge deficits.

- Source

The Silver Guru - Can Trump Stop Economic Collapse?

David Morgan joins Silver Doctors with a word of warning. Morgan says changing the president is like changing the captain on the Titanic. The ship is sinking. The issues are systemic. Trump can't put us back on track to overcome the debt burden.

Morgan says people may feel a "Trump Euphoria" for a while. The stock market will continue to rise beyond reason.

Where are precious metals headed? 2017 should be good for gold and silver, Morgan says. He expects gold and silver to rise starting around Trump's inauguration. Morgan says investors may hedge their stock portfolio and move towards precious metals.

- Source

END OF FREE SPEECH? The Hoaxing MSM Creates Bogus "Red Flag" List

The mainstream media is reporting that Russia meddled in the American election by spreading "fake news." Silver Doctors and David Kranzler’s Investment Research Dynamics Blog are now on mainstream media's “red-flag” list of supposed "Russian propaganda outlets." Kranzler says the mainstream media is trying to discredit the alternative media. Even the websites of Ron Paul, David Stockman, and Paul Craig Roberts were found on the list. Smearing these patriots is disgraceful, Kranzler says.

The mainstream media are the true propaganda artists, Kranzler says. The mainstream media is guilty of the same crime they’re accusing the Russian government of. Kranzler says the mainstream media this election season was obviously biased in favor of Hillary Clinton. Will Trump hold the mainstream media accountable? Will he “drain the swamp” in D.C.? Kranzler has his doubts. The corrupt system won’t change substantially, he says. Kranzler isn’t excited for Trump. “The good news is Hillary lost,” Kranzler says, “The bad news is Trump won.”

Market manipulation also shapes the public’s perception. With gold dropping and the stock market hitting all-time highs, the public sees the economy booming. Kranzler ends by giving his insight on how to filter out the mainstream propaganda and find out what’s real.

- Source, The Silver Doctors

Greece Is Not India? Hellenic Banks Plan "Tax On Cash Withdrawals" To Combat Black Economy

Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals.

Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy.

The bankers suggest that also credit and debit cards as wells as new technologies enabling cash-less transactions even for small amounts and mobile phones can be used for the purchase of a transport ticket or a newspaper at the kiosk.

The bankers proposal to the government also includes:

-Mandatory use of cards or other electronic payment networks for every transaction with professions where there is strong evidence of tax evasion or where cash is mainly used [ like bakeries, kiosks, street vendors and chestnut sellers?].

-Mandatory use of cards or electronic networks for transactions above a certain amount [this measure is already in effect].

–Reforming the tax system by introducing a revenue-expenditure system. Households or professionals will only be taxed on the amount of income that is has not been spent. In this way, households and professionals will have a strong incentive to seek receipts for any expenditure in order to increase their expenditure and reduce the tax amount they will have to pay.

-Obligation for all businesses and regardless of their size to pay electronically every salary and wage. (source: Kathimerini via Liberal.gr)

I cannot say who came with this revolutionary idea, some genius young academics or the Greek bankers themselves, those over 60 who have their secretaries or their kids doing their transactions for them using their own iphones and ipads.

I have no idea whether they have asked the country’s creditors to reform the tax system in a cash-less more-incentives Greek world, where households will be obliged to use revenue-expenditure books.

I absolutely do not understand how can one sleek and glossy group of bankers propose such measures and rule the economic system of a country where some 30% of population lives or is at risk of poverty, the welfare system has collapsed and thousands of families live on the 20- or 50-euro banknote a relative or a friend secretly stick in their pockets so that they buy some food, medicine or pay a small bill.

Not to mention those over 60 with minimum knowledge of electronic devices and applications and those over 80 who cannot even use a mobile phone.

Tax cash withdraws will of course give “capital controls” a new dimension.

I suppose the whole proposal has been drafted by a group of some academic professionals stuck in a huge bubble- Prove me wrong!

Are we going now about to ban cash and become India?

- Source, Zero Hedge

Britain Rejects Trump's Call To Make Nigel Farage US Ambassador

In his latest surprising tweet on Monday evening, Donald Trump revealed an unprecedented expression of support for Brexit campaigner Nigel Farage - whom he met after his election victory before any other EU leaders - to be made British ambassador to Washington, saying "many people would like to see Nigel Farage represent Great Britain as their Ambassador to the United States. He would do a great job!."

In response, Farage said: "I'm very flattered by the comments and I have said since I met the president-elect that I would like to do anything I can to act in a positive way to help relationships between our two countries." He then added on Twitter that "I have known several of the Trump team for years and I am in a good position with the President-elect’s support to help."

However, Prime Minister Theresa May, who congratulated Trump on his victory, was swift to reject such an undiplomatic proposal. "There is no vacancy," a Downing Street spokesman said when asked about Trump's remark on Tuesday. "We already have an excellent ambassador to the US."

As Reuters points out, it is highly unusual in the modern era for leaders to publicly suggest to foreign nations whom they would like to see as ambassador, though during strained relations they sometimes reject or expel envoys.

The way ambassadors are chosen in the United States and Europe differ significantly. It is common practise for the United States to appoint celebrities or campaign donors as envoys, for example when Richard Nixon appointed Shirley Temple as his envoy to Ghana in 1974. European states mostly appoint career diplomats or officials with long experience as ambassadors.

Farage, who spent decades campaigning for Britain to leave the European Union and helped force former Prime Minister David Cameron call the June referendum that brought the Brexit vote, spoke at a Trump rally during the U.S. campaign and visited the president-elect after his victory. As leader of the UK Independence Party (UKIP) and one of the key figures of the successful Brexit campaign, Farage has repeatedly angered EU leaders by predicting the collapse of the EU, which he says is run by an out of touch elite of "idiots".

Farage said Trump's suggestion that he serve as ambassador had come "like a bolt from the blue" but Trump understood loyalty in a way that those in the "cesspit" of career politics did not.

"I am in a good position with the President-elect’s support to help. The world has changed and it's time that Downing Street did too," Farage said in an article written for the Breitbart news website. "I would do anything to help our national interest and to help cement ties with the incoming Anglophile administration," Farage said.

- Source, Zero Hedge

Trump. Right. Okay, the world's gone nuts: Russell Brand The Trews

You can’t scare people by telling people having Donald Trump in power will make things terrible, if the world they’re living in is already terrible!

The ONLY thing people cared about was CHANGE!!
The Election of Donald Trump means it is no longer possible to ignore that REAL CHANGE is required…

While we certainly don’t advocate all of Russel Brand’s views, he may be the only liberal in the world gets the conditions that just brought Donald Trump to power (and agrees with the real reasons the American people voted him into office)

- Source

Gaddafi-like Death to Clinton's Political Career

In this episode of the Keiser Report, Max and Stacy discuss the gruesome Gaddafi like death to a political career. They look at the role of Obamacare premium increases in middle income voter discontentment with the Democratic Party. In the second half, Max interviews Dr. Michael Hudson about what went wrong for Hillary.

- Source

Proof The Gold Price Based On Cost, Not Supply & Demand

The notion that the gold price is based on the economics of “Supply & Demand” turns out to be incorrect as the cost of production is the leading factor. This is also true for most commodities and energy.

Unfortunately, economists and most analysts in the precious metals community will continue to believe that the economic principle of supply and demand determines price. If we look at the data provided in this article, the individual will see how closely related the cost of gold production is to the spot price.

That being said, the information in this article is only to show the “commodity pricing mechanism” of gold, not its true store of value. There’s a big difference which 99% in the Mainstream media do not understand… and probably a good percentage in the precious metals community as well.

Top Two Gold Miners Cost Of Production vs. The Gold Price

I decided to take the data from the top two gold miners, Barrick and Newmont, for this exercise as they are the largest two gold producers in the world. Yes, I could have spent several days compiling data from the top 20 gold miners, but I don’t have the luxury of being paid by a financial institution for my analysis. Regardless, Barrick and Newmont provide a good representation of the cost of producing gold in the entire industry.

According to my “Adjusted Income Approach” in determining the full cost of production, I constructed the chart below. One thing that is not included in the adjusted income approach is dividend payouts. I included this in my total cost per ounce for Barrick and Newmont:



Here we can see that as the price of gold increased over the past 15 years, so did the cost of production for these top two gold miners. In 2000, the total average cost to produce gold for Barrick and Newmont was $243 versus the spot price of $279. Thus, the average profit margin was 13% for these gold mining companies that year.

As the average price of gold surged to a record $1,669 in 2012, the average cost to produce the yellow metal for Barrick and Newmont increased to $1,386. Yes, it’s true that these two gold miners enjoyed a 17% profit margin that year, but what is wrong with that?? Companies must have profits so they can pay for new projects, shareholder dividends or surplus cash for lean years when losses are incurred.

If we compare the increase in the gold price from 2000 to 2012 versus the cost of production, we will see a very interesting similar trend:

Gold Price Increase vs Cost Of Production 2000-2012

Gold Price Increase 2000 – 2012 = 498%

Gold Cost Increase 2000 – 2012 = 470%

While the average gold spot price increased 498% from 2000-2012, the cost of production for Barrick and Newmont jumped 470%. To put it another way, the difference between the increased cost of production (470%) and the average spot price (498%) in the 2000-2012 time period, was a lousy 6%.

- Source, SRSRocco, Read More Here

Keiser Report: Chattel on Corporate Balance Sheets

In this episode of the Keiser Report, Max and Stacy discuss the 3/5ths compromise as people become ‘chattel’ on corporate balance sheets. In the second half, Max continues his interview with author and journalist Tim Shorrock about the ‘Asia Pivot’ and the truth about North Korea.

- Source, Russia Today

New Poll Shows Americans See Media As Much Greater Threat To Election Than Russian Hackers

These are some pretty damning results for the mainstream media. Not only does the American public see the media as a bigger threat to election results than Russian hackers, it’s not even close.

The Washington Examiner reports:

Voters fear the media far more than Russian hackers when it comes to tampering with election results.

According to a Suffolk University/USA Today poll, 46 percent of likely voters believe the news media is “the primary threat that might try to change the election results.”

The national political establishment was the second most-suspected group at 21 percent, and another 13 percent were undecided.

Foreign interests, including “Russian hackers,” ranked fourth with 10 percent and “local political bosses” came in last with 9 percent of likely voters as the main threat to truthful election results.

- Source, Zero Hedge

Chinese SDR Update & Tom Now Believes In A 33% Allocation In Precious Metals

Tom also shares his thoughts on what would happen if the Fed does get the authority from Congress to start buying stocks. While I believe the Fed & U.S. Treasury have already been buying stocks via the Presidents Working Group On Financial Markets secretly, once they can do it publicly, then it is a sign the the END IS NEAR.

Lastly, Tom Cloud now believes in owning 33% of ones assets in the precious metals. This is much higher than the standard 5-10% allocation recommended by some of the more well-known gold analysts, such as Jim Rickards. Tom explains the reasons he believes it is important to have one-third of one’s wealth in the precious metals.

- Source, SRS Rocco

Keiser Report: Double Government

In this episode of the Keiser Report, Max and Stacy discuss the 'double government' and the Wikileaks that exposed it to be true. In the second half, Max continues his interview with Dr. Michael Hudson about his new book, “J” is for Junk Economics and about the U.S. presidential candidates.

- Source, RT

Global Debt Grows and Central Banks Are Buyers

The IMF reported last week that global debt hit a record $152 trillion. I’m old enough to remember when a million was a lot, and in the past two decades we have blown right through talking of millions and billions and are now throwing around trillions like its nothing.



Much of this debt has been purchased by none other than the big central banks. Sunday, Bloombergreported that central bank assets have grown at the fastest pace in five years, topping $21 trillion:

The world’s biggest central banks are bulking up their balance sheets this year at the fastest pace since 2011’s European debt crisis to boost lackluster economic recoveries with asset purchases that are supporting stock and bond prices.

The 10 largest lenders now own assets totaling $21.4 trillion, a 10 percent increase from the end of last year, data collected by Bloomberg show. Their combined holdings grew by 3 percent or less in both 2015 and 2014.





You might think that with all this zero-rate and negative-rate money sloshing around that liquidity in the markets would not be an issue. But take a look at what happened in the forex markets last week. The British Pound (GBP), which is a major currency and heavily traded, took a 6% dive in less than two minutes. For reference, anyone watching the forex markets knows that a 1-2% move in the currency world is considered a big move, and 6% in two minutes is certainly not expected in something as liquid as the Pound.



The explanations for this move range from the standard “fat thumb” (i.e. someone inadvertently typed some extra zeros onto a sell ticket and swamped the market) to the easy-to-blame algo computers. Regardless of the reason, if there was one other than someone simply dumping a large number of Pounds onto the market, this type of thing shouldn’t really happen with so much liquidity sloshing around. People are certainly becoming complacent with ‘flash’ crashes, as if they are a normal occurrence and nothing to pay any attention to. I disagree. I think it could be a ‘tell’ and something to keep an eye on.

Think about where we are since 2008. The Fed keeps yapping about raising rates and normalization (though they do little other than talk), which has resulted in bond prices lower and interest rates higher. This is going to put enormous pressure on banks, pension funds and anyone else with a large amount of Sovereign bonds. A bond trader friend of mine told me that seeing all these bonds trading above par (i.e. over their face value) is going to lead to a massive problem. If you pay $1,100 for a $1,000 bond, you are only going to get $1,000 at maturity. At some point there will be losses as these bonds are marked back to par ahead of maturity.

Maybe the central bankers will be able to print and talk their way through to some successful outcome without actually raising rates. Or maybe they can have rates rise without causing some major dislocation in more asset classes, whether it be bonds, stocks, forex or commodities. But then again, maybe they can’t and that is why so many large, successful investors such as Soros, Druckenmiller and Buffett are sitting with large allocations of cash. With moves like we had in the Pound last week, it seems that the end game might be drawing near, and people might just want to be a little careful in the construction of their portfolios.

- Source, Sprotts Thoughts

Obama's Biggest Legacy: USA's Debt Trap

Here's a huge part of Obama's legacy that nobody seems to want to talk about...If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website. 

It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. 

In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.

- Source, Gold Silver

SRSRocco Explains Why The Precious Metals Price Smash Is Meaningless

Investors need to realize the precious metals paper price smash this week is meaningless when we consider the underlying fundamentals of the U.S. and Global Financial System continue to disintegrate. Financial Industry expert, Vic Patane and I discussed why the current precious metals selloff is a nothing more than a mere distraction from the ongoing systemic financial disaster taking place at Deutsche Bank.

In addition, we covered many other topics, including the strange 2016 U.S. fiscal debt increase of $1.4 trillion, while the budget deficit was less than half of that. We also discussed why the U.S. net worth of $89 trillion (Q2 2016) versus $58 in 2010 is not based on reality as our total energy consumption is actually lower.

- Source, SRS Rocco

Silver Crashes To $17 Handle - Biggest Drop In 20 Months

Silver Futures just extended their losses over 5%, back down to a $17 handle for the first time since Brexit...

This is the biggest 1- and 2-day drop since Jan 2015...

Silver's underperformance has driven the Gold/Silver ratio up to 71x...

- Source, Zero Hedge

New York Times Changes History - Declares OHIO No Longer The Bellwether for Elections As Trump Surges

The New York Times, the so-called “paper of record,” hasdeclared that the all-important swing state of Ohio is no longer an important battleground in the presidential election — now that Republican presidential nominee Donald Trump is winning it.

Trump pulled ahead of Clinton in the Buckeye State in the RealClearPolitics poll average on Sep. 13, and has never looked back. The latest average, as of Sep. 24 — prior to the first presidential debate on Sep. 26 — has Trump ahead of Clinton by 2%.

Earlier in September, the Times was declaring Ohio “an essential swing state,” where Governor John Kasich threatened to destroy Trump’s presidential hopes by withholding his endorsement and denying Trump his turnout operation. The Times added: “No candidate since 1960 has made it to the White House without winning Ohio. And while Mrs. Clinton could afford to lose there given her advantage in other battlegrounds like Virginia and Colorado, Ohio is a must-win for Mr. Trump.”

Now that Trump is winning the “must-win,” the Times has revised its view of Ohio’s importance: “After decades as one of America’s most reliable political bellwethers, an inevitable presidential battleground that closely mirrored the mood and makeup of the country, Ohio is suddenly fading in importance this year,” writes Jonathan Martin, who notes that Clinton has basically conceded the state.

“Mr. Trump’s unyielding anti-trade campaign and Mrs. Clinton’s difficulty energizing Ohio’s young voters have made it a lesser focus for Democrats this year, even as it remains critical to Mr. Trump’s path to the White House,” he explains (emphasis added).

That bit of revisionist history is necessary to avoid drawing the alternative conclusion, which is that Trump’s success in the bellwether state of Ohio could portend success elsewhere as well.

- Source, Breitbart

The Debate Results - Who Won? Who Lost? Who Was the Mystery Third Debater?

Well! That was a fight for the history books. The first round of battles between the two presidential candidates has come and gone and now it's time for the pundits, including myself, to throw in their two cents and analyze what in the world just happened.

First off, it was evident that right from the beginning, Donald Trump was much more confident, much more in control, and much more of a demanding presence than Hillary Clinton, who, at times, looked very uncomfortable and on the verge of seething rage as Mr Trump steamrolled her in the first half of the debate.

This demeanour changed in the second half, which will be declared a victory by Hillary Clinton. She hit her stride and appeared much more in control - this was visible and obvious. But what enabled her to regain her confidence? Was it her, or was it the fact that Lester Holt, the supposedly "unbiased" moderator, came to her rescue?

As I've written about numerous times in the past on this blog, the mainstream media is completely and utterly for Hillary Clinton. There was intense pressure on Lester Holt to "fact-check" Donald Trump every opportunity that he got, while giving Hillary Clinton a pass on her numerous lies that she uttered.

This is exactly what happened. This "moderator", or as many are calling him, " the third debater ", was anything but unbiased. It was clear that he came in with an agenda, whether his own or set forth for him, to attack Donald Trump and rescue Hillary Clinton in her time of need.

Holt continuously threw "hardball" questions towards Donald Trump, such as ones about his tax returns, the birther issue, and his support of the Iraq War.

Meanwhile, he asked Hillary Clinton NO, I repeat, NO real questions that the American public wants and deserves to hear, such as her part in the Benghazi debacle, that resulted in the death of innocent lives under her watch.

He asked no questions, and this one is mind boggling, about her 30,000-plus missing emails that she had deleted while Secretary of Defense.

He asked her no questions about the lies her campaign has been telling about her failing health and he asked her nothing about the corruption that has surrounded the Clinton Foundation.

It would be one thing if these topics weren't major news and were just speculation. The fact is, they are NOT and they HAVE been major news topics, even on the highly corrupt MSM.

Despite the fact that this was a 2-on-1 debate, Donald Trump still held his ground, did not falter, and appeared very presidential, choosing not to attack Hillary on her husband's countless rape charges and settlements of sexual harassment, proving he can be tempered and "the bigger person" in the room.

For this reason, I award the victory to Donald Trump, and I'm not alone in this belief. Countless polls have been posted on all major news websites, including ABC, the Times, CNBC, the Drudge Report, and many others. Almost unanimously ALL of these polls , which have votes totaling in the millions, see Donald Trump as the victor. The only poll that doesn't have Donald winning is CNN, aka the "Clinton News Network". No surprise there.

With that, we are left waiting until the next debates, which are just around the corner, and in which I believe we will see the media forced into being more impartial and fair, unless they truly wish to destroy the little bit of credibility they have remaining.

This event was a farce. It was a sham, but despite all odds, liberty and freedom will win the day, as it has done so for countless centuries and throughout the ages.

All that is required is for us, the people, to remain vigilant and strong in our convictions. The truth will set you free.

- Source, Sprott Money Blog

Next 4 Years Will Be Worst In US History - Michael Krieger

On the 2016 Presidential election, Analyst/writer Michael Krieger thinks alternative media is in the driver’s seat. Krieger says, “People in the alternative media have been calling out Hillary Clinton and doing it successfully. This is why I am calling this the media wars. I think we are in the media wars where in 2016, for the first time, the alternative media is driving the news cycle. . . . The alternative media is driving the debate, and now the mainstream is freaking out and rallying around Clinton because they are afraid they have lost control of the narrative.”

In closing, Krieger says, “No matter who wins, Trump or Clinton, I think the next four years are going to be the worst in American history, and perhaps, a few more after that.”

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The Era Of Central Planning Is Crumbling

In the post 2008 era, the Globalists made a major push to hold the system together. The multi-billionaire class, particularly those who made fortunes from crony capitalism and bubble economics joined forces with the Keynesian media shills to convince the world that the only way we would survive would be if trillions of Dollars were given to those who were deemed “systemically important.”

Warren Buffett was a prime example of this. Buffett amassed a fortune by being a raging capitalist who prided himself on never losing money on an investment. But by the time 2008 rolled around, he faced the very real prospect of seeing his fortune halved.

Somehow he managed to convince the public that he was still a great guy while pushing for bailouts in the very firms in which he had taken large stakes: Goldman, Wells Fargo, etc.

Buffett was not the only one. He’s just the best known.

Let’s be blunt here: the 2008 bailouts and money pumps completely betrayed capitalism. The outcome was precisely what you’d expect from Central Planning:

1) Economic stagnation.

2) The creation of low quality jobs that offer little upward mobility.

3) Concentration of wealth.

Today, eight years later, the elites are terrified that the game is ending.

You can see this in many ways. The architects of this mess (Ben Bernanke, Alan Greenspan, Larry Summers and others) have resurfaced with revisionist narratives in which they are not responsible.

Similarly, those currently at the helm of the Central Banks have begun abdicating their responsibility for what’s coming.

This is most evident in Central bank Presidents like Draghi and Yellen dropping all pretenses of being able to hit their goals/ targets and instead passing the blame onto political bodies such as Congress.

- Read More Here

Silver: The Metal That Operates Our World

Keith Neumeyer breaks down how Silver is so vital in all parts of our delicate world. This is not only money, it is a vital part of our lives. Silver is the investment of the century. It is only going up from here.

- Video Source

Gold Goes To All-Time Highs If Fed Admits It Cannot Raise Rates

If the Fed does not raise rates at its September meeting as it has been warning money manager Michael Pento says, “The Fed is going to lose all their credibility on September 21st. Half of the Fed, and this includes Fed Head Janet Yellen, has been telling you that the economy has healed and they are ready to resume interest rate hikes. If they raise rates, and I don’t think they do, they are not going to be ‘data dependent.’ They are just freaking out about having promised to save the world with four rate hikes in 2016 and garner some credibility before the end of the year. If they don’t raise rates, they are going to lose all their credibility anyway because they have been threatening to do so. If they do raise rates, they are going to lose credibility because (the economy is sinking) and they are not ‘data dependent.’ The data here in the United States is screaming recession. . . . If they raise rates, they are going to absolutely crater the stock market and the bond market. . . .”

If the Fed admits it can’t raise rates, Pento predicts, “Gold is going to become completely unglued from its moorings and will shoot up very close to record highs very quickly. It’s not going to happen until the Fed admits that it cannot raise interest rates.”

- Source, USA Watchdog

Will the Dollar Live to Die Another Day?

Every week Max Keiser and Stacy Herbert look at all the scandal behind the financial news headlines.

In this episode of the Keiser Report, Max and Stacy discuss the new m-SDR and ask will the dollar live to die another day? And are SDRs forever? As the G20 in China concludes they ask whether the new Special Drawing Right is the first step toward one world currency. 

In the second half, Max interviews Dan Collins of ChinaMoneyReport.com about yuan internationalization and China’s quantum satellite.

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History Repeats Itself and Why All Empires Fail

Why do some nations rise while others wither? Why have some of the world's largest empires eventually crumbled? What are the 'best practices' that a modern nation should follow if it desires sustainable prosperity for its citizenry?

To answer these questions, we welcome MIT professor Doran Acemoglu and co-author of the book Why Nations Fail. His observations? Yes, national prosperity has some correlation to the resources available to the State, but more importantly, it's determined by how those resources are put to productive and fair use.

- Source, Peak Prosperity

Breaking - Secret Service Insiders Confirm: Hillary Suffers From Parkinson’s… Experiences Seizures From Camera Flashes

Several weeks ago the mainstream media began to paint a narrative of Donald Trump having mental issues and being unfit for the Presidency. Curiously, within a matter of days, stories began to emerge of bizarre behavior from Democrat Presidential candidate Hillary Clinton. As it turns out it may be Clinton that is unfit for the Presidency.

From falls and difficulty climbing stairs to stage panic in the face of protest chants and nonsensical statements to her audience, something appears to be wrong with the former Secretary of State. In fact, even Hillary’s closest aide, Huma Abedin, noted in an email to a State Department employee that Hillary is “often confused.”

Now, according to Kit Daniels of Infowars, inside sources within the Secret Service are leaking information that appears to confirm what many already know:

Hillary Clinton apparently suffers from Parkinson’s or a similar disease and experiences seizures from flashing lights, such as camera flashes at press conferences, the Secret Service told Infowars.

Additionally, the federal government has reportedly spent nearly a quarter-million dollars to add handicap steps on government vehicles because Hillary struggles with balance, a fact already established by a Reuters photo showing two men helping Hillary up stairs.

The revelations explain her odd, epileptic behavior on camera and why she avoids press conferences in general.

Her health is deteriorating badly; over the past several months Hillary has suffered several seizures and near-comatose freeze-ups during speeches which,combined with her previous blood clot, concussions and severe coughing fits, reveal she’s hiding serious medical issues that jeopardize her ability to hold public office.

Sources inside the Secret Service initially contacted Infowars reporter Joe Biggs at the Republican National Convention and followed up with details about Hillary’s health out of respect for the public’s interest and national security.

Similarly, a law enforcement official told Breitbart that Hillary was late returning to a debate with Bernie Sanders due to a “flare up of problems from a brain injury.”

Hillary supporters will no doubt deny the claims and attempt to redirect the potential mental and physical issues back at trump, but it doesn’t change the fact that Clinton is publicly displaying symptoms of neurological problems stemming from a previous brain injury.

Most recently, Clinton completely lost her train of thought and “short-circuited” in the midst a loud reaction from a crowd.

- Source, SHTF Plan

Today Is the 45th Anniversary of The Most Destructive Event In Modern Monetary History

The US government, bankrupt yet again after another disastrous war of aggression, had its back pushed to the wall in 1971.

Up until that point, foreign central banks could redeem US dollars directly with the US Treasury in exchange for gold. And, recognizing that the US was essentially bankrupt, foreign central banks, especially France, began to demand gold instead of the dollar.

And then, on August 15, 1971, Richard “I’m Not A Crook” Nixon announced the monetary shot heard around the world.

He announced that due to the shadowy and intangible “money speculators” he would “defend” the dollar by removing its convertibility into gold “temporarily”.

It was, unquestionably, the most destructive event in modern monetary history… yet hardly anyone remembers it or knows about it.

Prior to 1971, the US government and Federal Reserve were restricted in the amount of debt they could go into and the amount of money it could print.

Afterwards, everything changed.

When discussing how massive of an event it was I often show long term historical charts on the market and the economy. Notice, EVERYTHING changed in 1971… and not for the better.

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Is Gold Set to Hit $5,000, $10,000 Or More Per Ounce? Maybe?

Rising macroeconomic risks, low real interest rates, and a decline in the dollar versus emerging market currencies are major price catalysts for gold.

Jack Hanney, Senior Partner of PATRIOT Gold Group, explains what would have to happen for gold to hit $5,000, $10,000 or more per ounce. Keep in mind that this year alone we have seen a 25% increase in the yellow metal, and many analysts feel that there is still plenty of steam left in this rally.

- Source, Patriot Gold Group

Escaping America

Max and Stacy talk first to Jeff Berwick of the Dollar Vigilante about Americans renouncing their citizenship as a solution to bank embargoes and double taxation. In the second half, Max and Stacy talk to Susanne Tarkowski Tempelhof, founder of BitNation - the world’s first virtual nation, a blockchain powered jurisdiction - about ending geographical apartheid in the digital and crypto age.

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Keiser Report: Reality of Uncertainty

In this special 2016 Summer Solutions episode, Max and Stacy talk to Das, author of ‘A Banquet of Consequences: The Reality of Our Unusually Uncertain Economic Future’, about the structural changes needed to halt the decline in real wages. They also discuss financialization, economic apartheid and debt jubilees.

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Paper Money is the Worlds Greatest Scam

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money."

Daniel Webster

John Embry: Explosive Move In Silver Will Dwarf Silver's Move In The Late 1970's

The Shadow of Truth hosted John Embry to discuss the coming chaos in geopolitics and the markets, especially in the precious metals. That podcast is posted below.

I can make the case, Dave, gold and silver may never have been cheaper than they are at the bottom in this cycle compared to the amount of money, and particularly debt, in the world. So, to me, this move we’ve had so far this year is, it’s like a rounding error. – John Embry, Shadow of Truth

It’s becoming more apparent on a daily basis that the Federal Reserve is attempting to exert complete control over the markets. The Federal Reserve operates from its NY Fed trading base in conjunction with the U.S. Treasury’s Exchange Stabilization Fund, which operates in the same building as the NY Fed. So much for the notion that the Fed operates independently of the Government.

But it’s not just the markets. It’s becoming more apparent to more people that same cadre of insider elitists who are rigging the stock market also do their best to rig the political process. This is exemplified by the fact that the SEC announced yesterday that it is investigating the accounting methods of Alibaba. This is eyebrow-raising because it’s quite obvious that Alibaba’s chief competitor, Amazon.com, has been engaging in fraudulent accounting practices for over two decades.

Oh, I forgot to mention that Amazon CEO Jeff Bezos owns the Washington Post. This is the perfect political hand grenade with which to threaten the DC politicians and political appointees if they were to start probing around Bezos and his enormous business Ponzi schemes.

This insider DC establishment did its best to derail Trump’s attempt at assuming the Oval Office throne. But the fact that Trump set a record for Primary popular votes made it next to impossible for the elitists to plausibly justify perverting the Republican convention nomination process with one of its lap-dogs like Romney or Rubio.

On the other hand, it looks like Hillary’s three decade crime spree is finally starting catch up to her. Something happened behind “the scenes,” because all of a sudden the State Department’s Inspector General decided that Hillary broke the law. This is the first time in Hillary’s history that any official entity has held her accountable for a list of crimes that date back to her days as an attorney and the State of Arkansas’ “First Lady” (I use the term “Lady” very loosely). Even MSNBC was on her case today. Some group of unidentified insiders who operate at a level above Hillary have decided she’s not the one to be their Oval Office pawn.

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William Engdahl China & Russia Are Launching A Giant Gold Bull Market

William Engdahl explains America’s adversaries are using gold as money to pick up the pieces when the dollar self-destructs and the gold price explodes.

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Futures Now Boockvar on gold

Citing gold's movement following previous interest rate hikes, Lindsey Group Chief Market Analyst Peter Boockvar says that the precious commodity is heading higher.

- Source, CNBC

What You Need to Know About BREXIT - The Full Documentary

BREXIT THE MOVIE spells out the danger of staying part of the EU. Is it safe to give a remote government beyond our control the power to make laws? Is it safe to tie ourselves to countries which are close to financial ruin, drifting towards scary political extremism, and suffering long-term, self-inflicted economic decline?

BREXIT THE MOVIE shows a side of the EU they don't want us to see: the sprawling self-serving bureaucracy, the political cynicism, the lack of accountability, the perks, the waste, the cronyism, the corruption.

BREXIT THE MOVIE cuts through the patronizing intellectualism of the noble, higher goals of 'Project Europe', to reveal the self-interestedness of the political-bureaucratic class which runs and benefits from the EU.

BREXIT THE MOVIE highlights the danger of becoming a prisoner in an insular, backward-looking Fortress Europe. And it explores the exciting opportunities that open up to us when we look beyond the narrow confines of the EU.

BREXIT THE MOVIE looks to the future, arguing forcefully and persuasively that it is safer and wiser to live in a country which is free, independent, self-governing, confident and global.

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A Financial Breakdown is Going to Send Gold Soaring

"At a minimum gold will rise to $3,000. A more likely scenario, however, is that the world's financial system will break down completely. In that case, gold will rise as high as $10,000 to $40,000 - a point at which all credit - paper will be backed by gold."

Steve Puetz

Ron Paul - The FED & Economic Recovery

Ron Paul tell's of the Real Problem's coming down the road very soon.

Global Elite Making Preparations For Post-Dollar World - Rob Kirby

Rob Kirby arranges gold sales between buyers and sellers by the ton. Kirby says the biggest concern for his customers is the U.S. dollar. Kirby says, “The dollar is going to be kicked off its perch. That is a guarantee. It’s only a matter of time . . . The universal message is people are trying to get, for the most part, as much of their assets into physical precious metals as they can. Precious metal is getting increasingly hard to buy.”

Has Kirby seen demand for precious metals higher than right now? Kirby says, “No, I haven’t. I also have never seen this much interest to procure or own physical precious metal. Up until 2010, central banks were net sellers of gold, and since 2010, they have been net buyers of physical precious metal, and they never bought more than last year, except this year will be bigger than last year.

- Source, USA Watchdog

John Rubino - A Crisis Unlike We Have Seen In Human History

I sat down with John Rubino, Dollar Collapse, to discuss the current state of our economic world. In a very lively conversation we hit some of the more pressing items of the day. John has done a fantastic job of documenting the demise of the dollar since he co-authored ” The Collapse of the Dollar” with James Turk back in 2004. John’s insights and analysis are top shelf and should be on everyones list of people to follow.

How many “emergency” “secret” meetings do the central planners, around the world, need to have before the citizens of the respective countries begin to fully understand and take notice that something is very, very wrong? This year alone there have been several off-calendar meetings with, at least, one more now added to the docket.

The G-20 central planners have scheduled an “emergency” meeting for summer 2016. What will the topics be? Could it possibly be the fact the global economy is on the verge total collapse? With the Baltic Dry Index, Shanghai Containerized Freight Index, not to mention commodities, all spiraling out of control to the downside, do you think there may be a reason for these people to be concerned? My guess is they could care less and are simply meeting in order to determine how the remaining wealth, in their respective countries, will be divided as the global economy continues grinding to a halt.

If one simply looks at the following line-items it is clear for anyone to see something is about to hit the fan and it’s not anything anyone wants hitting the fan.

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Gold Makes Sense, Fiat Doesn't

"If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it, and then calling it one billion dollars?"

Kenneth J. Gerbino

Alasdair Macleod - Gold Rising, Dollar Going Down

Alasdair Macleod, who is an expert in precious metals, says, “The fundamental reason gold (prices) is getting better is the dollar is getting weaker. The strength of the dollar in 2015 was all about falling commodity prices. Commodity producers all owe dollars. The result was when their incomes dropped, they had to cover the dollars that weren’t going to get rolled over. The bank was not going to roll over dollars for Brazil or Glencore. 

That period is over, and the reason it is over is China now has its 13th five year plan, which is aimed at developing the rest of Asia. . . . It wants to give it an industrial revolution. You have a turn that has actually occurred in commodities, and if commodity prices are rising, then by definition, the purchasing power of the dollar is falling. The price of commodities over a long period of time tends to drop. The price of commodities measured in dollars tends to rise over a long period of time and quite spectacularly. . . . 

You can see this relationship between the dollar and gold priced in commodities is the thing to watch. . . . The natural drift for the dollar is down. There is a reason for foreigners to sell the U.S. dollar, and this is the key thing. . . . I see gold going better . . . because the dollar is going down.”

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The Financial System Is Absolutely, Positively Rigged

Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today's financial markets.

While he usually feels like a lone voice in a world happy to deceive itself, he was shocked to receive a $750,000 whistleblower award from the SEC for his efforts. He's been sadly less shocked to see that since the award was publicly announced, the abuses he reported have only become more extreme and frequent.

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Why Are Russia And China Buying Gold? Tons Of It!

William Engdhal gives reasons why China and Russia are fighting to protect their sovereignty and encouraging citizens to swap currency for gold.

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Gold Maintains Value

"In reality, there is no such thing as inflation of prices, relative to gold. There is such a thing as a depreciated paper currency."

Lysander Spooner

Gold is Honest Money That Has Survived the Times

"For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper."

- Hans F. Sennholz

Rob Kirby - Coming Revelation Will Drive Gold & Silver Dramatically Higher

Gold expert Rob Kirby says if the Fed did raise rates, you get another record fall in stocks, which is what happened in January. Kirby goes on to say, “The reality is that’s probably what should be happening right now in the stock market, but we know that the stock market is manipulated, just like we know LIBOR (London Inter Bank Offered Rate) is manipulated. Just like precious metals are manipulated, their prices are suppressed. . . . There are some revelations that are going to be coming regarding precious metals price suppression, which is going to make the deniers, that this has been occurring, look very silly. This is going to occur in the very, very near future. . . . The reaction to this news is going to be a very, very strong pop in the price of precious metals. . . . When it is an irrefutable fact that the precious metals market is suppressed in the paper arena, what do you think people are going to do? They are going to buy physical metal because they are going to know that holding physical metal is one way to avoid being manipulated. They are also going to know that real physical precious metals have been held back and they are underpriced. This should create a very, very strong round of buying of physical precious metals which should push prices dramatically higher.”

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Michael Pento - "Price Discovery Is Essential, It Is The Nucleus Of Capitalism"

Europe Heading To Civil War...Societal Collapse & Currency Crisis

Potential FED Chairman Calls for the Death of the $100 Bill

In my last post on Sprott Money, I pointed out the frightening truth: the ECB is strongly considering eliminating the €500 bill from circulation, reducing their physical money pool by approximately 30% in one fell swoop.

The ramifications of this are scary, to say the least. We know that central banksters are hell-bent on managing as many aspects of our financial lives as possible. The ability to eliminate physical cash from our modern-day society would grant them unquestionable control and the ability to steal at will whenever a crisis arises.

Mario Draghi knows this, the ECB knows this, and the FED knows this. Sadly, the masses do not and are utterly unaware of what is happening behind the scenes – actions that are destined to change our course in history forever.

If the ECB is successful in eliminating the €500 note, then the €200 is next, followed by the €100 and then the entire cash system itself – they hate it all and will not stop until we are on a cashless, electronic-based system.

The environment that this new system paints is scary enough as it stands, yet if you think that European bankers are alone in their quest for a cashless system, then you are horribly mistaken.

Western Central bankers know the control that such a system would create. They know the power that they are set to gain and are frothing at the mouth to obtain it...

- Source, Sprott Money Blog, Read More Here

The Gold Stanard is Stability

"We'll never regain price stability until we restore some form of gold backing to the dollar."

- Ronald Reagan from a 1980 campaign commercial

Default On Global Monetary System Coming

Gold and silver analyst Bix Weir says the next huge financial calamity all starts with “a mass awakening followed by chaos.” Weir contends, “People keep asking how will the people wake up? . . . . The moment that happens is when the banks fail, and they go to their ATM’s. . . . They are going to be very angry. . . . They will believe these banks will have stolen their life savings. That’s when people will wake up in mass amounts.”

When all this happens you should have physical gold and silver—especially silver. Weir explains, “Silver has been used as money for 5,000 years, even more than gold has been used as money. Above ground silver and above ground gold are about 6 billion ounces each—total. Why is there an 80 to 1 ratio in price of silver to gold? It’s the computers and the market rigging that has been going on since the 1970’s. . . .Silver will be the last released in manipulation because it is so important. It’s a national security issue. . . . The price of silver today in U.S. dollar terms should be one to one with the price of gold. After the shakeout it will be a 4 to one ratio.”

- Source