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Post by 3bid on Nov 5, 2014 19:05:01 GMT -5
Post by imSINGLEruRICH on about an hour ago They'll need an app to read minds at multi-levels, or to discern what's specific to a personality naturally able and inclined to defeat such devices [evolving threats]. Anything less is a superficial defense to what is a deep-seated and pervasive problem within the power structure of our society: the alpha-professional, elite, psychopathic menace. If it's thought to be all about designing algorithms for detecting deviations from a perceived normal 'heartbeat' rhythm of honesty, then good-luck with choosing a shallow approach. The cold and ruthless have no heart, but do quite well at manipulating for what can be measured as a pulse, when challenged by weak attempts to detect and defeat them. -3bid
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Post by imSINGLEruRICH on Nov 11, 2014 15:29:59 GMT -5
Endless DIAMOND JEDI WARLORD Post by Endless on 37 minutes agowww.deepcapture.com/ Some of the HeadlinesThe World’s Greatest Con (Chapter 2): Yank Barry’s Global Village — Mobsters, Boxers, Frauds and the FBI’s Most Celebrated Hero 08 November 2014 The World’s Greatest Con (Chapter 1): Members of the United States Congress Nominate Mafia-tied Criminal for the Nobel Peace Prize 03 November 2014 How CNBC (Becky Quick, Jim Cramer, and Joe Kernan) Can Solve Its Collapsing Viewership Problem 21 September 2014
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Post by JoeRockss on Nov 13, 2014 15:31:06 GMT -5
locoforkimberlite DIAMOND JEDI *** Post by locoforkimberlite on 3 hours ago FYI ... Federal appeals court sends 'naked short-sale' lawsuit back to N.J. state court By Ron Zeitlinger | The Jersey Journal on November 12, 2014 at 11:43 AM, updated November 12, 2014 at 11:45 AM A federal appeals court this week returned a lawsuit accusing major investment firms of racketeering and securities fraud to New Jersey state court. The Third Circuit three-judge panel ruled Monday that the claims in the lawsuit, brought by investors, "does not arise" under federal law and should be heard in state court. The decision reversed a March 2013 decision that the case be heard in federal court. In the lawsuit a group of investors claims that Knight Capital Americas LP, of Jersey City; UBS Securities, with offices in Weehawken; LLC Merrill Lynch & Co. Inc., and others engaged in manipulative "naked" short-selling, which diluted and artificially depressed their value. Naked short-selling is the illegal practice of short-selling shares of stock that have not been determined to exist. Traders must borrow a stock, or determine that the stock can be borrowed, before they sell it short. Plaintiffs in the lawsuit are people and companies that owned shares in Escala, an auctioneer of stamps and other collectibles. "The question of whether the naked short selling at issue in this case violates New Jersey law (including the state’s general securities fraud provisions) need not be answered by reference to Regulation SHO," the judges said in their opinion. Regulation SHO is a federal regulation implemented in 2005 to prevent traders from engaging in naked short selling practices. "Because the success of plaintiffs’ state-law causes of action does not 'necessarily' depend upon the contents of federal law, this case does not 'arise under' the laws of the United States. The presence of an exclusive jurisdiction provision governing Regulation SHO does not change the analysis, as such provisions cannot independently generate jurisdiction." www.nj.com/hudson/index.ssf/2014/11/federal_appeals_court_sends_naked_short-sale_lawsuit_back_to_nj_state_court.html ...theSEC in concert with the DOJ of the United States, together combined with Robert A. Maheu and others to utilize CMKM Diamonds, Inc. for the purpose of trapping a number of widely disbursed entities and persons who were believed to be engaged in naked short selling of CMKM Diamonds Inc. stock ... HEADLINE"50,000 accuse Obama's goverment of stealing their private property, worth Trillions!"
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Post by imSINGLEruRICH on Nov 16, 2014 7:33:33 GMT -5
alrich DIAMOND JEDI MASTER Post by alrich on 14 hours ago
Billions in fines – No one blinks an eye goldswitzerland.com/billions-in-fines-no-one-blinks-an-eye/ KWN weekly – Nov 14, 2014 Greyerz: “Eric, I’m looking at the latest round of rigging of markets by banks around the world. This has now led to fines of over $4 billion for rigging the Forex markets. You have banks like Citi and JP Morgan paying $1 billion each. UBS is paying $800 million and HSBC a bit less. But that’s just the latest Forex rigging and it’s probably only scratching the surface. We have also seen another $6 billion of fines for LIBOR rigging. So far in 2014 we have seen $56 billion of fines by U.S. regulators against the banks. It seems incredible that these enormous sums can be paid by the banks without the banks going under… “But that’s just the latest Forex rigging and it’s probably only scratching the surface. We have also seen another $6 billion of fines for LIBOR rigging. So far in 2014 we have seen $56 billion of fines by U.S. regulators against the banks. It seems incredible that these enormous sums can be paid by the banks without the banks going under. It’s clear that rigging these markets must be very profitable because otherwise the banks wouldn’t be able to pay those incredibly large fines. The Forex market trades over $5 trillion a day. So clearly it’s been very fruitful for the banks to be very active in manipulating currencies. When you compare the $4.3 billion fines to the $5 trillion of daily trading, it’s nothing. But how has the banking industry gotten so large? I remember in 1995 when Barings Bank went under because the bank lost over $1 billion on Japanese Index futures. That put the UK financial system under tremendous pressure. That $1 billion almost collapsed the system. But today we already have $56 billion in fines just for 2014, and no one blinks an eye. How can this happen? It’s simple: There has been a staggering amount of credit creation and money printing over the last 20 years. In 1995 total credit worldwide was around $30 trillion. Today it’s around $260 trillion. So that’s a roughly 9-times increase in the amount of debt outstanding. And since 2005, just 9 years ago, credit has more than doubled from about $125 trillion to $260 trillion today. So the banks now have hundreds of trillions of dollars of money to play with. And if they leverage that up to 30-times, which we know the banks do for their trading, we’re talking about quadrillions of dollars. This is why $56 billion in fines means nothing -- it’s pocket money for them. This is why we already see hyperinflation in the banking industry. This is also the first sign of the world starting the hyperinflationary stage -- because of all that money creation. All of this money has gone into the banking system and we are clearly seeing hyperinflation there. We also talked about hyperinflation in Japan last week, and today the yen is at nearly 116 vs the dollar. The next stage is probably a quick run up to the 150 level. This will lead to all other Asian countries devaluing their currencies by printing money because they can’t afford to have a strong currency against the yen. This would make them totally uncompetitive. So there will be a lot more money printing and currency devaluations all over Asia. That will lead to the West being under pressure because the West will then have deflation exported from Asia, and the West cannot survive with more deflationary pressures from Asia. As you know, the West would totally collapse under its massive debt load with deflation. So the West will not accept this. The West will print as much money as necessary in order to debase their currencies, and this will also lead to hyperinflation. Western central bankers won’t like losing out in the currency race to the bottom, so they will print more than ever and that will be the start of the final leg of the total destruction of the currency system. Turning to the gold market, we have the upcoming vote on the Swiss Gold Initiative, and the president of the Swiss National Bank is getting more and more desperate. He is now giving interviews every day talking about the dangers of the Swiss Gold Initiative, and how bad it would be for the Swiss economy. But of course it’s not the Swiss Gold Initiative which is dangerous, it’s the policies of the central banks -- including the Swiss National Bank -- that are dangerous. The Swiss National Bank has already printed 400 billion Swiss francs in the last couple of years. This has been done in order to buy risky assets and to keep the Swiss franc weak. It is a disastrous policy to align the Swiss franc to a weak euro and a failed economic experiment like the EU. The SNB president is also saying that speculators in gold as well as gold traders will benefit from this initiative. People buy gold for wealth preservation, not speculation. And anyone speculating on this would only have a 50/50 chance, so I don’t expect much in the way of speculation. But the ones who would benefit from this initiative are the supporters of true money as well as the Swiss people. The question is: Will gold go up if there is a victory for the Yes campaign? It could be that a Yes vote would be a catalyst for gold to rise, but in any case I think gold has turned and we’ve already seen the corrective bottom. So gold is going to go up anyway. But what is happening is the Euro/Swiss franc rate is now under pressure and it is at the lowest level since the SNB actually pegged the franc to the euro. It’s now creeping down to the 1.20 peg. To me that is a clear indication that the market sees a win for the Yes vote.” Since PayPal without warning blocked donations to the Swiss Gold Initiative, an alternative method of payment has been set up. The PayPal donations that were blocked have been refunded. Donors can now pay by bank transfer to a Swiss Post Finance account. Alternatively, Bitcoin donations are also accepted. Please click on the link below for details.” Click here to read the Nov 14 interview Matterhorn Asset Management supports the Swiss Gold Initiative Download PDF
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Post by JoeRockss on Nov 20, 2014 11:39:48 GMT -5
amperstand DIAMOND JEDI MASTER **** Nov 17, 2014 at 7:25am maximusbraveheart and distilery like this. Post by amperstand on Nov 17, 2014 at 7:25am An interesting article: Bank deposits will soon no longer be considered money but paper investments This weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution. On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution. In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs. On Sunday in Brisbane the G20 will announce that bank deposits are just part of commercial banks’ capital structure, and also that they are far from the most senior portion of that structure. With deposits then subjected to a decline in nominal value following a bank failure, it is self-evident that a bank deposit is no longer money in the way a banknote is. If a banknote cannot be subjected to a decline in nominal value, we need to ask whether banknotes can act as a superior store of value than bank deposits? If that is the case, will some investors prefer banknotes to bank deposits as a form of savings? Such a change in preference is known as a "bank run." Each country will introduce its own legislation to effect the ‘ bail-in’ agreed by the G20 this coming weekend. Large deposits at banks are no longer money, as this legislation will formally push them down through the capital structure to a position of material capital risk in any "failing" institution. In our last financial crisis, deposits were de facto guaranteed by the state, but from November 16th holders of large-scale deposits will be, both de facto and de jure, just another creditor squabbling over their share of the assets of a failed bank. - Zerohedge For most Americans with savings or checking accounts in federally insured banks, normal FDIC rules on deposit insurance are still in play, but anyone with over $250,000 in any one account, or held offshore, will have their money automatically subject to bankruptcy dispursements from the courts based on a much lower rank of priority, and a much lower percentage of return. This also includes business accounts, money market accounts, and any depository investments such as a certificate of deposit (CD). What makes this sudden push to securitize cash held as bank deposits is the pending question of whether the central banks or sovereign governments know that a crisis is forthcoming, especially in light of Europe's rapid decline into recession, and Japan's need to monetize their entire budget through central bank easing? Just as people thought the ownership of gold and silver was inviolate prior to 1933 when the government ordered it confiscated to bailout the banks and Federal Reserve during the Great Depression, we are all now faced with the realization that the money we thought was our own, and protected in our checking and savings accounts no longer is. And after Sunday at the G20 meeting, the risks of holding any cash in a bank or financial institution will have to be weighed as heavily and with as much determination of risk as if you were holding a stock or municipal bond, which could decline in an instant should the financial environment bring a crisis even remotely similar to that of 2008. o2bayankee DIAMOND JEDI Nov 17, 2014 at 12:56pm maximusbraveheart likes this. Post by o2bayankee on Nov 17, 2014 at 12:56pm Below is just one link. There are several articles/links if you google Amperstands headline. Pretty scary stuff. Perhaps that's why the rumor of our payment is coming from Transfer Online, as opposed to a bank, so the miscreants can't simply take our money back if deposited in a bank. www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investments
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Post by JoeRockss on Nov 24, 2014 9:30:00 GMT -5
This is a 12 year old Canadian girl who gets it fully with how corrupt the current banking system has been and how the government has allowed this for so long. As she being Canadian she says "Parliament" allows...... so for those in the United States.... it would be the same exact thing except this case it is "Congress." Anyway, I posted this before on another board many months ago but came across this again and figured here on Tramp's board this very smart 12 year old girl's message would be understood be this great group here. If folks have already heard this, a second time is always a respectable thing considering how perfect of a job she does and how I believe fully that this is exactly the shift we are waiting to see come about soon enough with the global shifting that has been going on for some time now for the benefit in killing the Federal Reserves petro dollar "DEMAND" globally. Anyway, enjoy folks. 12-Year Old Child Reveals One of the Best Kept Secrets in the World
Published on May 15, 2012 12-year old exposes the immorality of the global banking system and why sound money is essential to freedom and stopping the spread of misery on this planet.
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Post by imSINGLEruRICH on Nov 29, 2014 21:41:55 GMT -5
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Post by JoeRockss on Dec 9, 2014 14:59:07 GMT -5
#2094132 mike_tysons_tiger 1 hours ago Citigroup to take $3.5 billion charge this quarter By Associated Press December 9 at 12:05 PM NEW YORK — Citigroup said Tuesday that it will incur charges of $3.5 billion in the fourth quarter to cover legal and restructuring costs. The bank will allocate $2.7 billion of that amount to cover legal costs associated with investigations into currency trading, the manipulation of a key interest rate, as well as anti-money laundering and related probes. The remaining $800 million will be spent reducing the bank’s headcount and cutting its real-estate holdings.
Like other U.S. banks and financial institutions, Citi is still grappling with the fallout from the financial crisis and the tougher regulatory scrutiny that the industry is facing in the aftermath. Citi’s CEO Michael Corbat said in a statement announcing the charge that the bank’s legal woes may now be nearing an end. He also said that, despite the charge, he still expected the bank to turn a profit in the quarter. “These legal charges should cover a significant portion of our outstanding legal matters based on current information,” Corbat said. The bank’s stock slumped on the news, falling $1.38, or 2.4 percent, to $54.98. The drop put the stock on track for its biggest slump in two months. The charge is the latest in a long list of legal cost incurred by the bank. In October, Citigroup was forced to cut its third quarter earnings by $600 million because of higher legal costs associated with regulatory investigations. In July, Citi agreed to pay $7 billion to settle a federal probe into its handling of risky subprime mortgages. The bank acknowledged misrepresenting residential mortgage-backed securities that later plunged in value. The bank will report its fourth quarter earnings on Jan. 15, 2015. Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. www.washingtonpost.com/business/citigroup-to-take-35-billion-charge-this-quarter/2014/12/09/92c0e728-7fc3-11e4-b936-f3afab0155a7_story.html
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Post by imSINGLEruRICH on Dec 10, 2014 7:29:53 GMT -5
Tenorman Diamond Finder and Miner
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Post by JoeRockss on Dec 13, 2014 13:19:54 GMT -5
O/T American tax payer just got screwed again by Congress
Post by swather on 16 hours ago
Republicans slipped the change to Dodd-Frank into a spending bill that Congress had to pass to keep the government open.
Two years after the financial crash, and after taxpayers funneled hundreds of billions of dollars into the big banks to keep them solvent, Congress passed what's commonly known as Dodd-Frank, a law that tightened regulation of Wall Street.
One of the provisions of the law says that if banks want to trade certain types of the risky, complex financial instruments known as derivatives, they must do so in a subsidiary that is not backed by federal deposit insurance.
As proponents of tighter financial regulation point out, repealing that provision makes it more likely that taxpayers will be on the hook for another bailout if the banks' risky bets on derivatives trigger big losses.
Marcus Stanley, policy director for Americans for Financial Reform, which advocates for tighter regulation of Wall Street, said the big winners would be three large banks — Citigroup, JPMorgan Chase and Bank of America.
In fact, according to analysis by Mother Jones magazine and The New York Times, the legislative language of the rollback was written mostly by Citigroup itself.
"These derivatives markets are very lucrative," Stanley said in an interview Friday. "And that safety net subsidy, that deposit insurance subsidy, gives you a very large advantage. There's a lot of money involved in this."
So, now, if the banks make huge profits in the derivative markets, its all theirs....if they lose, the tax payer covers the loses........boy, a nice way to trade
more to come in 2015
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Post by imSINGLEruRICH on Dec 20, 2014 6:26:11 GMT -5
Checkmate: Is Russia Selling Oil For Gold? Posted on December 19, 2014 by The Doc www.silverdoctors.com/checkmate-is-russia-selling-oil-for-gold/ Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas ONLY for physical gold. How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
This is called “Checkmate”, ladies and gentlemen. The game is over.This article was originally published at InvestCafe.ru in Russian. The translation in English was first published at Gold-Eagle.com.
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period.Moreover, in the third quarter the purchases by Russia of physical gold are at an all-time high, record levels. In the third quarter of this year, Russia had purchased an incredible amount of gold in the amount of 55 tons. It’s more than all the central banks of all countries of the world combined (according to official data)! In total, the central banks of all countries of the world have purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases – of 55 tons – belongs to Russia. Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: “The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply”. Thus, the Western world, built on the hegemony of the petrodollar, is in a catastrophic situation. In which it cannot survive without oil and gas supplies from Russia. And Russia is now ready to sell its oil and gas to the West only in exchange for physical gold! The twist of Putin’s game is that the mechanism for the sale of Russian energy to the West only for gold now works regardless of whether the West agrees to pay for Russian oil and gas with its artificially cheap gold, or not. Since Russia has a constant flow of dollars from the sale of oil and gas, it will be able to convert these dollars to buy gold at current gold prices, depressed by all means by the West. This equates gold price, which had been artificially and meticulously lowered by the Fed and ESF many time…via artificially inflated purchasing power of the dollar through market manipulation. Interesting fact: The suppression of gold prices by the special department of US Government – ESF (Exchange Stabilization Fund) – with the aim of stabilizing the dollar has been made into a law in the United States. In the financial world it is (generally) accepted as a given that gold is anti-dollar…i.e. the gold price runs inverse to value of the dollar. In 1971, US President Richard Nixon closed the ‘gold window’, ending the free exchange of dollars for gold, guaranteed by the US in 1944 at Bretton Woods. In 2014, Russian President Vladimir Putin has reopened the ‘gold window’, without asking Washington’s permission. Right now the West spends much of its efforts and resources to suppress the prices of gold and oil. Thereby, on the one hand to distort the existing economic reality in favor of the US dollar …and on the other hand, to destroy the Russian economy, refusing to play the role of obedient vassal of the West. Today assets such as gold and oil look proportionally weakened and excessively undervalued against the US dollar. It is a consequence of the enormous economic effort on the part of the West.
And now Putin sells Russian energy resources in exchange for these US dollars, artificially propped by the efforts of the West. With these dollar proceeds Putin immediately buys gold, artificially devalued against the U.S. dollar by the efforts of the West itself!
There is another interesting element in Putin’s game. It’s Russian uranium. Every sixth light bulb in the USA depends on its supply, which Russia sells to the US too…for dollars. Thus, in exchange for Russian oil, gas and uranium, the West pays Russia with dollars, purchasing power of which is artificially inflated against oil and gold by the efforts (manipulations) of the West. However, Putin uses these dollars only to withdraw physical gold from the West in exchange at a price denominated in US dollars, artificially lowered by the same West.
This truly brilliant economic combination by Putin puts the West led by the United States in a position of a snake, aggressively and diligently devouring its own tail.
The idea of this economic golden trap for the West is probably not authored by Putin himself. Most likely it was the idea of Putin’s Advisor for Economic Affairs – Dr. Sergey Glazyev. Otherwise, why seemingly not involved in business bureaucrat Glazyev, along with many Russian businessmen, was personally included by Washington on the sanction list? The idea of an economist, Dr. Glazyev was brilliantly executed by Putin…but with full endorsement from his Chinese colleague – XI Jinping.
Xi en Putin Especially interesting in this context looks the November statement of the first Deputy Chairman of Central Bank of Russia Ksenia Yudaeva, which stressed that the CBR can use the gold from its reserves to pay for imports, if need be. It is obvious that in terms of sanctions by the Western world, this statement is addressed to the BRICS countries, and first of all China. For China, Russia’s willingness to pay for goods with Western gold is very convenient. And here’s why: China recently announced that it will cease to increase its gold and currency reserves denominated in US dollars.Considering the growing trade deficit between the US and China (the current difference is five times in favor of China), then this statement translated from the financial language reads: “China stops selling their goods for dollars”. The world’s media chose not to notice this grandest in the recent monetary historic event . The issue is not that China literally refuses to sell its goods for US dollars. China, of course, will continue to accept US dollars as an intermediate means of payment for its goods. But, having taken dollars, China will immediately get rid of them and replace with something else in the structure of its gold and currency reserves. Otherwise the statement made by the monetary authorities of China loses its meaning: “We are stopping the increase of our gold and currency reserves, denominated in US dollars.” That is,China will no longer buy United States Treasury bonds for dollars earned from trade with any countries, as they did this before.
Thus, China will replace all the dollars that it will receive for its goods not only from the US but from all over the world with something else not to increase their gold currency reserves, denominated in US dollars. And here is an interesting question: what will China replace all the trade dollars with? What currency or an asset? Analysis of the current monetary policy of China shows that most likely the dollars coming from trade, or a substantial chunk of them, China will quietly replace and de facto is already replacing with Gold. In this aspect, the solitaire of Russian-Chinese relations is extremely successful for Moscow and Beijing. Russia buys goods from China directly for gold at its current price. While China buys Russian energy resources for gold at its current price. At this Russian-Chinese festival of life there is a place for everything: Chinese goods, Russian energy resources, and gold – as a means of mutual payment. Only the US dollar has no place at this festival of life. And this is not surprising. Because the US dollar is not a Chinese product, nor a Russian energy resource. It is only an intermediate financial instrument of settlement – and an unnecessary intermediary. And it is customary to exclude unnecessary intermediaries from the interaction of two independent business partners.
It should be noted separately that the global market for physical gold is extremely small relative to the world market for physical oil supplies. And especially the world market for physical gold is microscopic compared to the entirety of world markets for physical delivery of oil, gas, uranium and goods.
Emphasis on the phrase “physical gold” is made because in exchange for its physical, not ‘paper’ energy resources, Russia is now withdrawing gold from the West, but only in its physical, not paper form. China accomplishes this by acquiring from the West the artificially devalued physical gold as a payment for physical delivery of real products to the West. The West hopes that Russia and China will accept as payment for their energy resources and goods…the “crapcoin” or so-called “paper gold” of various kinds also did not materialize. Russia and China are only interested in real gold and only the physical metal as a final means of payment. For reference: the turnover of the market of paper gold, only of gold futures, is estimated at $360 billion per month. But physical delivery of gold is only for $280 million a month. This equates to a ratio of trade of paper gold versus physical gold to 1000 to 1.
Using the mechanism of active withdrawal from the market of one artificially lowered by the West financial asset (gold) in exchange for another artificially inflated by the West financial asset (USD), Putin has thereby started the countdown to the end of the world hegemony of petrodollar. Thus, Putin has put the West in a deadlock of the absence of any positive economic prospects. The West can spend as much of its efforts and resources to artificially increase the purchasing power of the dollar, lower oil prices and artificially lower the purchasing power of gold. The problem of the West is that the stocks of physical gold in possession of the West are not unlimited. Therefore, the more the West devalues oil and gold against the US dollar, the faster it loses devaluing Gold from its not infinite reserves. In this brilliantly played by Putin economic combination, physical gold from the reserves of the West is rapidly flowing to Russia, China, Brazil, Kazakhstan and India (i.e. the BRICS countries). At the current rate of reduction of reserves of physical gold, the West simply does not have the time to do anything against Putin’s Russia until the collapse of the entire Western petrodollar world. In chess the situation in which Putin has put the West, led by the US, is called “time trouble”.
The Western world has never faced such economic events and phenomena that are happening right now. The former USSR rapidly sold gold during the fall of oil prices. Today, Russia rapidly buys gold during the fall in oil prices. Thus, Russia poses a real threat to the American model of petrodollar world domination. The main principle of world petrodollar model is allowing Western countries led by the United States to live at the expense of the labor and resources of other countries…based on the role of the US currency, dominant in the global monetary system (GMS) . The role of the US dollar in the GMS is that it is the ultimate means of payment. This means that the national currency of the United States in the structure of the GMS is the ultimate asset accumulator, to exchange which to any other asset does not make sense.
Led by Russia and China, what the BRICS are doing now is actually changing the role and status of the US dollar in the global monetary system. From the ultimate means of payment and asset accumulation, the national currency of the USA, by the joint actions of Moscow and Beijing is turned into only an intermediate means of payment. Intended only to exchange this interim payment for another and the ultimate financial asset – gold. Thus, the US dollar actually loses its role as the ultimate means of payment and asset accumulation, yielding both of those roles to another recognized, denationalized and depoliticized monetary asset – GOLD!
Traditionally, the West has used two methods to eliminate the threat to the hegemony of petrodollar model in the world and the consequent excessive privileges for the West: One of these methods – colored revolutions. The second method, which is usually applied by the West, if the first fails – military aggression and bombing.
But in Russia’s case both of these methods are either impossible or unacceptable for the West. Because, firstly, the population of Russia, unlike people in many other countries, does not wish to exchange their freedom and the future of their children for Western kielbasa (meat sausage). This is evident from the record ratings of Putin, regularly published by the leading Western rating agencies. Personal friendship of Washington protégé Navalny with Senator McCain played for him and Washington a very negative role. Having learned this fact from the media, 98% of the Russian population now perceive Navalny only as a vassal of Washington and a traitor to Russia’s national interests. Therefore Western professionals, who have not yet lost their mind, cannot dream about any color revolution in Russia. As for the second traditional Western way of direct military aggression, Russia is certainly not Yugoslavia, not Iraq nor Libya. In any non-nuclear military operation against Russia, in the territory of Russia, the West led by the US is doomed to defeat. And the generals in the Pentagon exercising real leadership of NATO forces are aware of this. Similarly hopeless is a nuclear war against Russia, including the concept of so-called “preventive disarming nuclear strike”. NATO is simply not technically able to strike a blow that would completely disarm the nuclear potential of Russia in all its many manifestations. A massive nuclear retaliatory strike on the enemy or a pool of enemies would be inevitable. And its total capacity will be enough for survivors to envy the dead. That is, an exchange of nuclear strikes with a country like Russia is not a solution to the looming problem of the collapse of a petrodollar world. It is in the best case, a final chord and the last point in the history of its existence. In the worst case – a nuclear winter and the demise of all life on the planet, except for the bacteria mutated from radiation. The Western economic establishment can see and understand the essence of the situation. Leading Western economists are certainly aware of the severity of the predicament and hopelessness of the situation the Western world finds itself in, in Putin’s economic gold trap. After all, since the Bretton Woods agreements, we all know the Golden rule:“Who has more gold sets the rules.” But everyone in the West is silent about it. Silent because no one knows now how to get out of this situation.
If you explain to the Western public all the details of the looming economic disaster, the public will ask the supporters of a petrodollar world the most horrific questions, which will sound like this:
– How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
– And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
No one in the west today can answer these seemingly simple questions.
And this is called “Checkmate”, ladies and gentlemen. The game is over.
The above article was translated by Kristina Rus
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Post by JoeRockss on Dec 27, 2014 7:41:23 GMT -5
WTH ... China Steps in as World's New Bank LadyDi DIAMOND JEDI Post by LadyDi on 5 hours ago I really not sure what to think of this other than I understand why the world no longer wants to run off the U.S. Dollar, but this doesn't sound like Dragon Families wanting to do humanitarian work and set global economies on the right track. www.bloombergview.com/articles/2014-12-25/china-steps-in-as-worlds-new-bankWhat work is left for the IMF? China Steps In as World's New Bank 307 Dec 25, 2014 6:00 PM EST By William Pesek Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do. Beijing's move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America's linchpin role in the global economy and Japan's influence in Asia. What is China's new Asian Infrastructure Investment Bank if not an ADB killer? If Japan, ADB's main benefactor, won't share the presidency with Asian peers, Beijing will just use its deep pockets to overpower it. Lagarde's and Kim’s shops also are looking at a future in which crisis-wracked governments call Beijing before Washington. China stepping up its role as lender of last resort upends an economic development game that's been decades in the making. The IMF, World Bank and ADB are bloated, change-adverse institutions. When Ukraine received a $17 billion IMF-led bailout this year it was about shoring up a geopolitically important economy, not geopolitical blackmail. Chinese President Xi Jinping's government doesn't care about upgrading economies, the health of tax regimes or central bank reserves. It cares about loyalty. The quid pro quo: For our generous assistance we expect your full support on everything from Taiwan to territorial disputes to deadening the West’s pesky focus on human rights. This may sound hyperbolic; Russia, Argentina and Venezuela are already at odds with the U.S. and its allies. But what about Europe? In 2011 and 2012, it looked to Beijing to save euro bond markets through massive purchases. Expect more of this dynamic in 2015 should fresh turmoil hit the euro zone, at which time Beijing will expect European leaders to pull their diplomatic punches. What happens if the Federal Reserve’s tapering slams economies from India to Indonesia and governments look to China for help? Why would Cambodia, Laos or Vietnam bother with the IMF’s conditions when China writes big checks with few strings attached? Beijing’s $24 billion currency swap program to help Russia is a sign of things to come. Russia, it's often said, is too nuclear to fail. As Moscow weathers the worst crisis since the 1998 default, it’s tempting to view China as a good global citizen. But Beijing is just enabling President Vladimir Putin, who’s now under zero pressure to diversify his economy away from oil. The same goes for China’s $2.3 billion currency swap with Argentina and its $4 billion loan to Venezuela. In the Chinese century, bad behavior has its rewards. If ever there were a time for President Barack Obama to accelerate his "pivot" to Asia it's now. There's plenty to worry about as China tosses money at rogue governments like Sudan and Zimbabwe. But there’s also lots at stake for Asia's budding democracies. The so-called Washington consensus on economic policies isn't perfect, but is Beijing's model of autocratic state capitalism with scant press freedom really a better option? With China becoming Asia's sugar daddy, the temptation in, say, Myanmar might be to avoid the difficult process of creating credible institutions to oversee the economy. There could be a silver lining to China lavishing its nearly $4 trillion of currency reserves on crisis-plagued nations: It might force the IMF, World Bank and ADB to raise their games. Competition, as Lagarde, Kim and Nakao would agree, is a good thing. But more likely, China's largess will encourage bad policy habits and impede development in ways that leave the global economy worse off. To contact the author on this story: William Pesek at wpesek@bloomberg.net
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Post by JoeRockss on Dec 29, 2014 12:25:38 GMT -5
abc123 DIAMOND DIGGER 22 minutes ago rustyrose likes this. Post by abc123 on 22 minutes ago
Contrary to the way the financial World may be presented in the mainstream media, the Fed is at the head of the global central banking crime syndicate cartel that runs the show Don Vito Corleone style, where should any foreign central banks get out of line will soon be in for a currency markets massacre as they see their currencies soar or collapse against the dollar and thus destroying their ability to export to the worlds largest consumer market which many economies are addicted to drug addicts style or manage inflation, as the official policy of the U.S. since the midst of the cold war has been to control the worlds financial system by means of operating a continuous large trade deficit, as I have covered at length several times over the years such as in my article of October 2010 (12 Oct 2010 - USD Index Trend Forecast Into Mid 2011, U.S. Dollar Collapse (Again)?). For many years the Fed had been effectively inflating the whole world as I covered the dynamics of as long ago as in March 2011 - U.S. Dollar and Stock Market Trend Relationship, Currency and Real Wars: Whilst many in the mainstream press have eventually clocked onto the fact that the Fed intends to inflate, what no one appears to have clocked onto so far is that the BIG SECRET is that the Fed intends on INFLATING THE WHOLE WORLD ! It is pushing the worlds governments reliant on exporting to the U.S. into devaluing their currencies by means of printing money (See Ebook QE section). Thus against the Fed INFLATE or DIE policy, all foreign central banks are fighting hard to maintain their pegs to the downwards spiraling U.S. Dollar, which effectively means that all currencies are spiraling lower hence the whole world is inflating at the Feds whim. For instance emerging markets such as Brazil repeatedly cry out that they are being flooded with too much foreign capital that is driving up their currencies, therefore they are forced to print and debase their own currencies i.e. INFLATE! (are you listening delusional deflationists ?) THE FED IS INFLATING THE WHOLE WORLD!
How can the US Fed get away with printing money and inflating the whole world ? You may wonder that the dollar's strength (lack of collapse) in the face of money printing and ever expanding debt accumulation is as a consequence of underlying US economic strength or huge amounts of (Invisible) gold reserves at Fort Knox. The real reason why the US is able to get sway with printing unlimited amounts of money is the US Military, as the US remains the worlds sole hyper military power following the collapse of the soviet union and increasingly relies on global military power to back up the dollar as the worlds primary means of exchange, as any country that chooses not to comply will likely be on the receiving end of a 1000 tomahawk cruise missiles as Libya is experiencing today or even worse as Iraq has experienced during the past 8 years. The U.S. Military Empire targets all those bastions of mediums of exchange that compete against the dollar, which is why the literally super sweet oil rich state of Libya presents such an ideal target for not just the U.S. but also the competing imperialists of Britain and France, regardless of the fact that they are choosing to back and about to arm rebels of North East Libya, an area that ranks as the Al-Qeeda recruitment capital of the world (as a proportion of population) as per the 31 page West Point Study that analyzed the backgrounds of captured foreign guerrilla fighters in Iraq during 2006-2007. We are in a new world (for the west anyway) and that is a world of Quantitative Easing, the more the governments of the world print money and monetize debt the easier it is for governments to keep printing and monetizing ever escalating amounts of government debt to cover the government budget deficit gaps. Upon which the accelerate of the Quantum of Quantitative Easing has been poured i.e. Governments paying themselves interest on monetized debt (20 Jul 2012 - The Quantum of Quantitative Easing Inflation is Coming! ) The US Fed recently revealed that its priority now is to target 6.5% Unemployment (7.7%) rather than inflation, in which respect it is engaged in a policy of QE4Ever -(01 Oct 2012 - Socialist Global Central Bank Crime Syndicate QE-4-Ever Inflation Theft)
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Post by imSINGLEruRICH on Jan 6, 2015 7:59:30 GMT -5
PRECISION DIAMOND JEDI MASTER Post by PRECISION on 36 minutes agoBen Fulford Blurb: The Internationally Traded US Dollar is Backed by Gold.. Posted By: Jordon [Send E-Mail] Date: Tuesday, 6-Jan-2015 06:45:10 The US dollar is now backed by gold but the war criminals remain free It is now clear that the internationally traded US dollar is backed by gold. The evidence for this is the fact that recently the dollar has changed in value against a basket currencies in a way that closely tracks how gold performed against these currencies. money.cnn.com/data/currencies/ www.ino.com/blog/2014/12/gold-versus-top-currencies-and-the-winner-is/#.VKePaXsmlB0 The internationally traded gold-backed dollar and Chinese yuan are both now under the control of the Dragon (Asian royal) families, the British Royal family, the Chinese communist government, the Swiss banking families and their allies. However, we are hearing from them that resistance continues from elements of the US corporate government who are using derivatives to continue to create un-backed dollars to buy up the stock market. They also managed to put an illusory $100 billion into their account on December 31st to postpone their bankruptcy. The other thing that is clear is that we still have the Barack Obama regime in the US, as seen daily on the corporate propaganda media, refusing to prosecute known war criminals like George Bush Jr and thingy Cheney. Members of the military and the agencies who are reading this article need to look at the following link which we have independently verified to contain true information: journal-neo.org/2015/01/04/cia-torture-report-incriminates-thingy-cheney/ The next thing to do is to ask their immediate superior officer why these people are not being arrested. Whoever in the chain of command, starting with Obama, who is protecting these criminals, needs to be removed. This can be done using the existing legal system. If everybody does not personally take action along these lines, the cabal rule will not end and humanity will not be freed. This author, for his part, will be using landlines to phone various cabalists, such as thingy Cheney, to demand their surrender. We are hearing that Barbara Bush is now frantically fighting to keep the Nazionist power structure intact. She is behind recent reports that Nazionist leader George Bush Sr. left the hospital (if he did there were no witnesses). Message to Barbara Bush: if you do not surrender immediately, your family is certain to be jailed and even executed. We will also be seeking proof that many of these people, such as Obama and Cheney, actually exist and are not fictitious entities created either by agency propagandists or a rogue AI. If it is determined that a rogue AI has hijacked the internet and the financial system, then, as a desperate last resort, allies of the White Dragon Society have used hand-written messages to organize, if necessary, ..
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Post by JoeRockss on Jan 7, 2015 18:28:18 GMT -5
#2105843 ezal13 6 hours ago YOU WANT TO THROW UP Let's vote on repealing any regulations on WALL STREET... The madness is getting worse....if that is even possible. THEY HAVE TO BE ABLE TO DOUBLE DOWN ON EVERYTHING OR THE PONZIE SCHEME ENDS....PERIOD! WALL STREET NEEDS HELP FROM WASHINGTON OR THE JIG IS UP... UNFATHOMABLE finance.yahoo.com/news/republican-led-u-house-vote-164612918.html Republican-led U.S. House to vote on diluting financial regulationsReuters 6 hours ago By Emily Stephenson and Sarah N. Lynch WASHINGTON, Jan 7 (Reuters) - The U.S. House of Representatives expects to vote Wednesday on legislation retooling a series of financial regulations, an early sign that Republican leaders will attack President Barack Obama's Wall Street reforms this year. Scaling back reforms including the so-called Volcker rule on banks is a top Republican priority as stated on the website of House Majority Leader Kevin McCarthy of California. The proposal is one of the first votes House lawmakers will take this year after the Republican Party formally took control of both chambers of the U.S. Congress this week following last November's congressional elections. Chris Spina, a spokesman for Democratic Representative Maxine Waters of California, said in a statement on Wednesday that the move was the start of an assault on the 2010 Dodd-Frank oversight law, which Congress passed after the 2007-2009 financial crisis. Republicans disagree with much of the law, including the Volcker rule, which bans banks from making risky trades with their own money and forbids certain investments in financial products. The bill under consideration gives banks two extra years to comply with a section of the rule related to collateralized loan obligations. Banks had complained that they would have to quickly abandon investments in these securities, which are bundles of business loans, if the rules were not adjusted. The Republican legislation also contains measures related to the Jumpstart Our Business Startups (JOBS) Act, a 2012 law that changed federal securities rules to help small business raise capital privately or go public with fewer hurdles. Wednesday's bill reduces certain disclosure requirements for smaller firms deemed "emerging growth companies" under the JOBS Act. It also exempts merger and acquisition brokers from registering with the U.S. Securities and Exchange Commission and eases rules for small business investment advisers, among other measures. The 11 provisions were approved either by House committees or the full body in the last Congress, which ended in 2014. But many were criticized by Democrats at the time. If the House approves the bill, it would still need to be considered by the Senate. The Senate took up far fewer changes to financial reforms in previous years and, because it is more evenly split between Democrats and Republicans, could be less likely to approve controversial legislation this year. (Reporting by Emily Stephenson and Sarah N. Lynch; Editing by Caren Bohan and Grant McCool)
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