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.
“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:
"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."
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.
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.
"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.”
- Gerald Celente via a recent King World News interview, read the full interview here:
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.
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.
"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:
"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:
"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:
"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."
