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Post by imSINGLEruRICH on Oct 15, 2015 15:03:02 GMT -5
One of Duc's favorite videos...
Here it is again, being highlighted on jsmineset.com (Jim Sinclair/Bill Holter site)jsmineset.com
What Will Happen To Silver And Gold…?
Posted October 14th, 2015 at 1:09 PM (CST) by Bill Holter & filed under Bill Holter.
My Dear Extended Family,
In light of Bill Holter’s excellent article today, I would respectfully ask you listen to my last interview with Greg Hunter. Even if you have already heard it, listen to it one more time.
It carries the most important message since we talked about gold at $1650 when it was below $500.
Sincerely,
Jim
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Post by imSINGLEruRICH on Oct 16, 2015 5:22:46 GMT -5
16 hours ago @jo said: Bill Holter Holter-Sinclair collaborationDear CIGAs, It has been a while since I have written anything close to being considered a “rant”. Instead, using cool and common sense logic of connecting dots for readers has been my method of choice. Over just the last several weeks, the “obviousness” of what is coming has been astounding. I can only wonder why the “inevitable” has not yet been seen by the masses? Though Mark Dice giving the choice of a candy bar or a 10 ounce silver bar …only to run out of candy may be the answer? The tone has definitely changed in the markets, nearly ALL markets. Maybe it is because of the things I wrote about recently, central bank’s loss of credibility or U.S. power and strength being questioned not only in the Middle East and elsewhere? Mainstream media who barraged the gold market with hit pieces and laughed at anyone not in equities only two months back have had to change their tone dramatically … because they had some explaining to do. For brevity let’s just look at the gold and silver markets. While recently talking to Jim Sinclair, he said the price of gold is like someone walking up to you in a clown suit and wondering why you thought something might be wrong? I ask you this, what do you suppose will happen with silver and gold after UBS www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal becomes the state’s witness in Switzerland’s gold rigging investigation? Before going any further, doesn’t this just confirm that us “conspiracy whackos” or “GIAMATTs” (gold is manipulated all the time) according to the Norcini’s/Gartman’s/Christian’s and Casey’s of the world …were correct? Are we to believe gold and silver are THE only markets in the world that are not manipulated? Only an idiot or the disingenuous could believe this! It is most obviously clear the world needs to REFLATE. Not just part of the world, the entire world …which includes China as their bubble has burst. Zerohedge remarked yesterday www.zerohedge.com/news/2015-10-12/why-gold-surging-bofa-says-expect-massive-policy-shift-2016 “if China is indeed set to reflate at all costs, watch as a few hundred million Chinese drop their infatuation with the housing and stock bubbles, and go back to the one asset class that throughout history has been the best defense for currency devaluation and runaway inflation.” I ask, what do you suppose will happen to gold and silver? As for the crazy “gold bugs”, what the heck has happened to them? They were on the right track and now become scared and petrified …just at the very moment they will need their insurance! The brain washing has worked, even the once sane are questioning their sanity! As Jim has said, “this is most probably the bull market in gold you never sell” …yet hard money people are in a panic? Let me explain the above and also answer the question in the title. Simply put, gold and silver will ultimately go “no offer”. The laughable inventories at COMEX and LBMA will be gobbled up and erased within mere minutes. Gold will go into hiding and not be offered at any dollar price…for “a time” but I’ll get to this shortly. What “price” will gold reach in dollars? This is a question no one can answer because we have no idea how many new dollars will be created by the Fed to battle the financial monster of their own making. We also have no idea if even one ounce remains in Ft. Knox. Is the number $5,000? $10,000? $50,000? When literally $100′s of trillion in debt and over $1 quadrillion in derivatives come down (and they mathematically will), they will seek the safe haven of “cash”. “Cash” without liability that is! The above ground gold stock is only about $5 trillion, what do you suppose will happen when several $100 trillion sets their sight on the safety of real money? The number of $50,000 may be off by a zero or two! As for Jim’s comment about this rally being the one you never sell, I’d like to clean this up a bit. “Never” is a very long time and one should “never say never”. What he meant to say is this, this coming rally will be the one you NEVER sell for dollars, euros, yen, pounds or maybe even yuan. It will be foolish to “sell” your gold for a fiat currency …ANY fiat currency. I believe when the system breaks and gold does go into hiding, it will not reappear for sale until new and credible currencies are issued. The mindset will change and holders of gold will only be coaxed to sell for something they can have confidence in. It is this thought process which will be at the center of asset repricings as we reset. Let me finish with this, I and many others have been called “fearmongers” for writing about the coming collapse. “We”, those who said these same things in 2007 and 2008 were branded fearmongers then also. The thing is this, nothing has changed, nothing has been fixed and in fact the world is more in debt and further leveraged than it was back then. This is 2008 all over again only worse and this time …the global central banks and sovereign treasuries cannot ride in and fix anything because they have already blown their credibility! We live in a world which is financially foundationed by the currency of a bankrupt issuer who prints this money to purchase their own bonds. Several $100 trillion of debt and over $1 quadrillion in derivatives rely on this currency for their “value and pricing”. It amazes me how so many people who once knew “what” exactly they owned, now don’t even have a clue because of the psy ops so well orchestrated. This is for ALL THE MARBLES and THE MOST IMPORTANT CROSSROADS IN MODERN DAY HISTORY! Please dig deep for your own common sense and logic …your financial life depends on it ! Standing watch, Bill Holter Holter-Sinclair collaboration Comments welcome! bholter@hotmail.com
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Post by imSINGLEruRICH on Oct 17, 2015 12:06:22 GMT -5
Interesting things happening in Texas... www.americanthinker.com/articles/2015/10/lord_monckton_the_texas_talent_will_replace_the_dollar.htmlOctober 17, 2015 Lord Monckton: 'The Texas Talent will replace the dollar'
By John Griffing
Christopher Monckton, 3rd Viscount Monckton of Brenchley, who advised Prime Minister Margaret Thatcher, wrote for the Yorkshire Post, was managing editor of the Telegraph Sunday Magazine, has lectured at faculty level on currency theory and is now a columnist for WND, has long given warnings that the over-borrowing governments of the West are on a course to bankruptcy, from which recovery will not be possible. Monckton has now come out with his personal plan to sideline the collapsing dollar and rescue western markets: a sound and fully asset-backed currency called the Texas Talent. Users of the Talent would trade in their dollars for electronic Talents backed by gold, silver, real-estate, and shares in blue-chip companies. Using the Talent will eliminate the risk of global runs on the dollar and protect foreign investments in the United States. The Talent will bring all these benefits without stepping on the questionable legal authority of the Federal Reserve, for it is not, strictly speaking, a currency at all. It is “beyond currency.” It is a savings instrument that you can also use for buying goods and services.
Monckton is widely known as a foremost expert in currency matters, and has given numerous interviews on the subject. In a recent commentary, he wrote that dollar collapse is not a matter of “whether but when.”
More than two years ago, he told the publication WorldNetDaily (WND) that the financial collapse of the West was plausible based on its path at the time. He then adjusted the forecast from “plausible” and “likely” to “imminent.”Specifically, he believes President Obama’s financial policies of unprecedented borrowing and spending, trillion-dollar deficits, and massive outlays for social engineering are an “existential threat.” “The gravy train has now tipped into the gulch. The cash for such criminal indulgences has run out. It is now time for governments everywhere to get a grip on the costs inflicted upon taxpayers by governmental employees at every level. Unless this is done, and very soon, the West will fail,” he said.In a recent column, Monckton penned, “for the dollar, the end is nigh.”In 2013, Monckton advocated a dollar ‘reset.’
“There is a more dirigiste solution, which I prefer much less than the free-market solution. … It is possible simply to cancel all public and private debt and tell everyone to start again. One takes a deep breath, presses the RESET button and reboots the entire system,” he said.
Monckton now has explained the form he thinks this “reset” should take. Lord Monckton has developed a serious proposal, not yet published and currently being reviewed by Texas officials and select legislators. It is entitled, “The Talent: Beyond Currency.” The proposal calls for the creation of a digital unit of exchange, which would convert dollars, pounds and other currencies into a basket of real assets held by professional fund managers and audited daily. According to Monckton’s proposal, “Soon you can get paid, save, shop, spend and invest without using currency at all. The Talent replaces worthless paper with real assets. The Talent is an ingenious innovation in personal, corporate, public and international finance. Thanks to the Talent, the reign of the ever-depreciating fiat currency – sterling, the dollar, the euro and other paper currencies not backed by real assets – is at last over.” How does the Talent work? “One Talent is one unit share in the Talent Fund, a professionally-managed investment fund administered by experienced fund managers. But there is one important difference: you can use your Talents for your day-to-day transactions. You can invest, save and spend using the same simple, secure account. As the Fund grows, the value of your Talents grows with it,” Monckton writes. Monckton subsequently provides an illustration to assist in reader comprehension: “Over the past 25 years Ms Foolish Virgin has kept $1000 in her current account to pay day-to-day bills. At the end of the 25 years, dollar inflation measured by the Consumer Price Index has halved the value of her $1,000. Ms. Wise Virgin has kept her account at the Talent Bank. If the Talent Fund had kept pace with the Dow Jones Industrial Average over the period, after the Talent Fund’s 1% annual charge Ms Wise Virgin has $5175 in her account. “Once we go live, you will be able to follow the step-by-step instructions to open an account in Talents at the Talent Bank online. You can deposit funds in any major currency at that day’s rate of exchange. The value of each Talent, determined by dividing the Talent Fund’s total asset value by the total number of Talents in issue, will be updated every few seconds on the talentbank.com ticker.”
Among its most practical elements, the notion of backing ‘Talents” or dollars circulating in Texas, with natural gas or barrels of oil would give real, tangible capital value to any cash held by world investors, including the trillions of dollars in U.S. Treasuries and other dollar-denominated assets retained by Russia and China.The latter aspect of Monckton’s proposal is significant, according to some, since it could create the preconditions for the biggest financial coup in history, by giving Texas – a state – leverage over the total debt of the United States in the event of a dollar collapse. U.S. debt, which has doubled during the Obama administration, now totals $18 trillion, collectively claiming its entire GDP. The face value of the dollar will plunge in seconds after any run on the dollar, say economists. The trillions of debt owned by Russia and China (among other prominent nations, like Saudi Arabia) would be at risk in such a scenario, possibly leading to mass dumping of dollar assets. “Think 2008, but with no recovery,” says Kevin D. Freeman, author of The Secret Weapon, a book dealing with the notion of economic warfare in recent booms and busts.“There’s no doubt that Russia and China are developing financial infrastructure to displace the American dollar as reserve currency. The timing and speed with which it happens are yet to be determined. But the infrastructure is almost ready to launch," says Kevin Freeman. “Texas does have unique opportunities and should look at contingency plans in case of a dollar collapse. The Constitution even provides provision for states to issue currency if backed by hard assets (gold and silver)," Freeman continues.
Freeman agrees with Monckton concerning the US Dollar's current status, saying, “No reserve currency is afforded permanent status. The American dollar has survived a long period, especially without any backing other than ‘full faith and credit of the U.S. Government.”“With almost $20 trillion in Federal debt and maybe ten times as much in unfunded Federal liabilities, we are in completely uncharted territory. If the American dollar fails, we could see a financial crisis of unprecedented proportions.” Freeman agrees with Monckton on the size and shape of the problem with the dollar, and is looking forward to studying the proposal for the Talent. He said: “There are a number of securities laws both at the Federal and State level that will play into an asset-backed currency.”
Monckton responds that since the Talent will not be a currency no Federal or State currency laws are relevant. The Talent will, however, be regulated like any other financial-services product. At national level, the SEC will be the relevant authority. And it is entirely accustomed to regulating asset-backed financial products.Indeed, Monckton sees advantages in being regulated by the SEC: “If we want to be taken seriously, we have to show we are running an honest ship.” He says the total assets in the fund and the total number of Talents in issue will be updated on the Talent Bank’s website minute by minute, so that everyone can see what his Talents are worth.Freeman says: “There are several critical attributes that many look for in good money in a challenging environment. It must have a degree of scarcity to have value (shouldn’t just 'grow on trees'.) It should be generally accepted. It must be easy to use and store. It has to be durable and have 'intrinsic consistency.' It also must have simple divisibility. And ideally, it either has intrinsic value or is backed by other assets for pricing and exchange. Gold has many positives but it’s hard to buy a cup of coffee with a gold coin. Bitcoin can be easy to use and is scarce but has no intrinsic value or asset backing," claims Freeman. Monckton says the Talent addresses all of these issues: “You will be able to make purchases on your credit card, just as now, and you can link your card to an account in Talents. Shopkeepers will love it, because the Talent won’t inflate: it is backed by real assets.”In other interviews, Monckton has explained the catastrophic risk of dollar collapse to foreign investors with large dollar portfolios. As Monckton contends, America’s present position is that of foreclosure, and the bank is repossessing. “The mandarins of Peking know that there is a growing likelihood – make that a near-certainty – that any money they now lend to the United States will never be repaid. In the commercial world, when it becomes clear that a debtor may never be able to repay, the creditor demands a debenture by way of fixed and floating charge over the entire assets and undertaking of the debtor. Has Obama granted to China a debenture over the assets and undertaking of the United States?” The Chinese central bank already is taking action, forming bilateral currency swap arrangements with other trade partners, drastically reducing the number of dollars that will be used in global commerce. Russia also has been reducing its reserve holdings of dollars for some time and is publicly advocating, along with China, international control of the dollar’s value, or that some international monetary unit be devised to replace the dollar. Total net American liabilities to the rest of the world now stand at more than $80 trillion.
Several publications have reported that China now owns significant public infrastructure in the contiguous United States and has requested public land and “special economic zones” free from U.S. labor controls as collateral on future loans.
Texas Governor Abbott has given clear signs that he might approve a plan like the one Monckton has presented. Abbott recently repatriated all of the gold Texas held in trust with the federal government.About Us | Contact | Privacy Policy | RSS Syndication © American Thinker 2015
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Post by imSINGLEruRICH on Oct 17, 2015 12:07:55 GMT -5
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Post by imSINGLEruRICH on Oct 18, 2015 20:36:50 GMT -5
If this is true, the Federal Reserve can not cover $250 Trillion and I would say, "bye bye Federal Reserve and fiat financial system and welcome in the ASSET BACKED SYSTEM after the derivatives take out the fiat controllers and their system. Whether it is this with Glencore or whomever, I fully believe that it is going to be some tripping over the derivative wire that is going to collapse the Fiat central banking controlled financial system and THEN welcome in the GLOBAL asset backed system. Something is going to trip over the derivative wire and hoping this Glencore or whomever does it soon enough. Anyway all in my opinion and belief. - Duc. ------>
-------------------- TOM HENEGHAN- Sunday October 18th, 2015
UNITED States of America - It can now be reported that the Bank of International Settlements (BIS) and the International Monetary Fund (IMF) have notified U.S. Treasury Secretary Jack Lew that Glencore Commodities is now up to $250 trillion in derivative and ETF debt that is about to infect all worldwide banks and financial exchanges, including the U.S. Federal Reserve itself.www.tomheneghanbriefings.com/____________________________________ By: jay_adobe 18 Sep 2007, 02:48 PM EDT Msg. 604157 of 778559 (This msg. is a reply to 604154 by klonopin2mg.) Jump to msg. # klon, Dollar will go down; inflation will go up; basic prices will go out of reach. Hang on for the ride while the FED tries to fix this problem with fiat currency. Countries will re-align.
------------------------------- From: Jay Adobe Date: Saturday, July 4, 2009 7:06 Subject: Re: Fwd: Edwards' Penalty To: Scott > Scott, My thoughts are no longer needed. Just re-read my old posts.If nothing else, they are spoken too soon. We are where > we are, and soon enough we will have finally arrived.The > astonishment is yet to come, but this is a good start. It'll end > with derivatives' finality. Enjoy your day. Hang in there as the > script unfolds all around us and countries continue the re- > alignment. 'Tis a wonderful day to be a shareholder. IMO.
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Post by John Winston Lennon O'Boogie on Oct 19, 2015 7:42:34 GMT -5
Gold Turns a Corner – Big Buyers Emerge Suzanne O'Halloran By Suzanne O'Halloran ·Published October 16, 2015 ·FOXBusiness (Reuters) Gold may be turning the corner. After spending most of 2015 in the red, the shiny metal is flirting with a turnaround. Gold gained 3% this week touching a 3-month high. The buying this time around may signal an uptrend. Physical inventories are down 7% since September settling at 6,704,070 troy ounces through 10-14, according to data from the Comex a unit of the CME (CME). So far this month the price has rallied 6%. That’s not all. Earlier this week, China imports dropped 3.7% in September raising more concerns the country’s economy is experiencing a deeper slowdown. That in turn is fueling speculation that the Federal Reserve may be forced to delay a rate hike until 2016. Many economists, including the team at Goldman Sachs (GS), predict a December rate hike. And there are other bullish undercurrents. The dollar has been trimming its gains for the year which now stand at nearly 5%. When the dollar weakens, the purchasing power of gold gets a boost. Another positive is tied to how the yellow metal has been trading. George Gero, of RBC Wealth Management, observes that gold is making higher highs when it closes, on higher volume. Historically, a bullish sign for traders. Gero is forecasting gold will end the year around $1200 an ounce which would be a modest gain from current levels. While gold’s recent rally is notable, Adam Sarhan of Sarhan Capital is watching from the sidelines telling FOXBusiness.com, “It is done going down in the short-term but is in a bottoming process.” Sarhan suggests gold has become cheap enough to lure even the most skeptical investors even though, like Sarhan, they remain worried about global deflation which will likely limit how high gold may climb. Suzanne O'Halloran is Managing Editor of FOXBusiness.com and is a graduate of Boston College. Follow her on Twitter @suzohalloran www.foxbusiness.com/investing/2015/10/16/gold-turns-corner-someone-is-buying/?cmpid=prn_dailyfinance
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Post by imSINGLEruRICH on Oct 20, 2015 14:33:47 GMT -5
‘America is a Bomb Waiting to Explode’: The Collapse Will Be Swift, Unstoppable & Devastating Posted on October 19, 2015 Fiat economies always collapse. They last on average for 37 years. By that metric the US should have already run out of gas. Once people wake up and smell the Yuan, the Exodus out of the dollar will be unstoppable.www.silverdoctors.com/america-is-a-bomb-waiting-to-explode-the-collapse-will-be-swift-unstoppable-devastating/-------------------------------- By: jay_adobe10 Apr 2010, 09:14 AM EDT Rating: post rating 4 Rate this post: Msg. 924579 of 925193 (Reply to 924573 by thingyydoo34) Jump to msg. # And thingyy, wait til you see the events unfolding on the horizon, far east horizon. Enjoy your weekend. Event driven activities and accomplishments. Reread some old posts from 3 yrs ago. imo of course ------------- By: jay_adobe03 Sep 2009, 03:35 PM EDT Rating: Rate this post: Msg. 864467 of 869992 (Reply to 864465 by oldepro) oldepro, I think it was magnificently scripted and portrayed masterfully by some key players involved, wouldn't you say? You can 'bet your bippy' on every Cree sinew near and in the FALC that he Shore blew that whistle, long and loud, strategically putting into place all that has come to pass, much of which you'll never ever see. A lot of this whole thing is about to be exposed to the public in such a fashion as has never been witnessed before, especially when the derivative phantoms appear, and it will affect and strain relationships between countries globally. Friends and enemies will change sides. Countries will continue to re-align. Full exposure of the derivatives fiasco will hurt, and hurt badly. What a plan. What a marvelously intricate and perfect plan. All in my humble opinion. Enjoy your weekend. BTW, was he 'thrown' under the bus, or did he guide the bus to where we are today? It had to appear as it did. More to come real quickly.
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Post by imSINGLEruRICH on Oct 25, 2015 12:24:37 GMT -5
New Bix Weir interview, Oct 22nd 2015:
What's Next On The Road To Roota | Bix Weir Williams Steffen Published on Oct 22, 2015 Bix Weir sat down with us to discuss the latest happenings in the ongoing global collapse. Glencore and Trafigura are essential components of the market ... Gold bug, Bix Weir has a controversial Monetary theory based on a comic book, "Wishes And Rainbows", printed by the Boston Federal Reserve Bank. This is a web site hosted by a chap named Bix Weir. Mr Weir has created a 20 question gold manipulation quiz which ... presents: Bix Weir says things are heating up in Europe and once there's no Euro, there won't be a dollar for too long ... Bix Weir, author of the 'Road To Roota' Theory, Part 2 of 3. Tim Binnall's 2-hour interview with Bix Weir about The Road to Roota ... This is a Market Meltdown Emergency Update with Bix Weir What's Next On The Road To Roota | Bix Weir
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Post by imSINGLEruRICH on Oct 27, 2015 17:28:59 GMT -5
The Calm Before The Storm Submitted by Tyler Durden on 10/27/2015 15:17 -0400 www.zerohedge.com/news/2015-10-27/calm-stormSubmitted by Michael Snyder via The Economic Collapse blog,
Have you noticed that things have gotten eerily quiet in the month of October? After the chaos of late August and early September, many had anticipated that we would be dealing with a full-blown financial collapse by now, but instead we have entered a period of “dead calm” in which things have become exceedingly quiet in almost every way that you can possibly imagine. Other “watchmen” that I highly respect have made the exact same observation. Even though the economic numbers are screaming that we have entered a global recession, they aren’t really making any headline news. A whole host of major financial institutions around the planet are currently in danger of collapsing and creating the next “Lehman Brothers moment”, but none of them has imploded just yet. And of course Barack Obama seems bound and determined to start World War III. On Monday, it was announced that he is sending a guided missile destroyer into Chinese waters in the South China Sea. The Chinese have already stated that they might just start shooting if this happens, but Barack Obama doesn’t seem to care. But until the shooting actually begins, that is not likely to upset the current tranquility that we are enjoying either. To me, what we are experiencing at the moment would best be described as “the calm before the storm”. If you are not familiar with this concept, this is how it is defined by How Stuff Works… Have you ever spent an afternoon in the backyard, maybe grilling or enjoying a game of croquet, when suddenly you notice that everything goes quiet? The air seems still and calm — even the birds stop singing and quickly return to their nests. After a few minutes, you feel a change in the air, and suddenly a line of clouds ominously appears on the horizon — clouds with a look that tells you they aren’t fooling around. You quickly dash in the house and narrowly miss the first fat raindrops that fall right before the downpour. At this moment, you might stop and ask yourself, “Why was it so calm and peaceful right before the storm hit?” Like so many others, I believe that a great storm is coming, and yet right at this moment things seem so peaceful. Unfortunately, this period of peace and quiet is not going to last for long, and most Americans know deep down that something is seriously wrong with our nation. In fact, a new WND/Clout poll has found that 85.3 percent of all likely voters in the United States believe that our country is going in the wrong direction… The poll found 92.6 percent of those who identified themselves as conservative believe the nation is on the wrong track. Among those who call themselves liberal, 90.9 percent said it is going the wrong direction. When asked what they think of the American economy after seven years of Obama’s leadership and economic policies, nearly 80 percent described it as “very fragile” or “somewhat fragile.” Self-identified Democrats, Republicans, liberals and conservatives were in general agreement, with about 75 percent to 80 percent describing the economy as “somewhat fragile” or “very fragile.” But even though we are steamrolling in the wrong direction, we haven’t suffered any incredibly serious consequences for it yet. For the moment, this is allowing the mockers to have a field day. They are fully confident that Barack Obama and the Federal Reserve knew what they were doing after all, and they are gleefully taunting those of us that have been warning of the great disaster that is heading our way. However, those that are wise are getting prepared. I think that we could all learn some lessons from what Overstock.com Chairman Jonathan Johnson is doing. The following is an extended excerpt from a recent Zero Hedge article… ***** One week ago Johnson, who is also candidate for Utah governor, spoke at the United Precious Metals Association, or UPMA, which we first profiled a month ago, and which takes advantage of Utah’s special status allowing the it to use gold as legal tender, offering gold and silver-backed accounts. As a reminder, the UPMA takes Federal Reserve Notes (or paper dollars) which it then translates into golden dollars (or silver). The golden dollars are based off the $50 one ounce gold coins produced by the Treasury of The United States. They are legal tender under the law and are protected as such. What did Johnson tell the UPMA? Here are some choice quotes:
We are not big fans of Wall Street and we don’t trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don’t trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis. So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don’t know if it will be 2 days, or 2 weeks, or 2 months. We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis. We also happen to have three months of food supply for every employee that we can live on.***** Why would such a seemingly intelligent and successful CEO of a large Internet company do such things?
It is because he can see the writing on the wall.
This period of calm will not last. A great storm is coming, and when it does arrive those that have not prepared for it are going to suffer tremendously.
Most people have no idea just how fragile our system really is. Today, some of these “too big to fail” banks supposedly have trillions of dollars in assets, but if you want to withdraw $10,000 or more in cash you have got to give them 24 hours notice to get enough money…This is just the beginning. As anyone can tell you, it’s all but impossible to move large amounts of money into cash in the US. Even the large banks will routinely ask you for 24 hours notice if you need $10,000 or more in cash. These are banks will TRILLIONS of dollars worth of assets on their books. And with each passing day we see even more signs of the global economic slowdown that is emerging all around us. For example, we just learned that the China Containerized Freight Index has dropped to the lowest level ever recorded. China accounts for more global trade than anyone else, and so this is a very clear sign that global economic activity is slowing down dramatically…By early July, the index dropped below 800 for the first time in its history, which started in 1998 when the index was set at 1,000. It soon recovered to about 850. And just when bouts of hope were rising that the worst was over, it plunged again and hit even lower levels. The latest weekly reading dropped another 1.7% from the prior week to 752.21, the worst level ever. The CCFI is now 30% below where it had been in February this year and 25% below where it had been 17 years ago at its inception. But for those that don’t want to believe that hard times are on the way, they can take comfort in the eerie period of calm that we are experiencing right now. What they don’t realize is that this truly is “the calm before the storm”, and the global economic crisis that is ahead of us is going to be far beyond what most people ever dared to imagine was possible.
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Post by imSINGLEruRICH on Nov 9, 2015 12:35:32 GMT -5
Thanks Duc
about an hour ago Tenorman said: According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.
There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.
Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.
China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking.
The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-basedThe story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable.
A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl. USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms.
The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity. blogfactory.co.uk/archives/16981
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Post by imSINGLEruRICH on Nov 9, 2015 12:37:20 GMT -5
3 hours ago goldengriff said:Banks Rewrite Contracts Worth Trillions to Shed Too-Big-to-Fail www.bloomberg.com/news/articles/2015-11-09/banks-rewrite-contracts-worth-trillions-to-shed-too-big-to-fail"Late last year, regulators and ISDA announced that swaps contracts worth trillions of dollars would be subject to a pause. That move, which applied to contracts that 18 banks have with each other, affected an estimated 90 percent of the swaps market. Under that agreement, lenders will wait as long as 48 hours before pulling collateral from failed lenders and canceling transactions." 2 hours ago misterhandsome said:This is a very very important component of all this IMO. It is my belief that all these banks and even governments have been 100% aware of the issue and were told, "look get these things cleaned up." I wonder if all the talk about hiking the interest rate and then back pedaling is not the open side of an internal war waging behind closed doors, where one side is of the opinion that the other side is merely balking, so they show them they are serious about raising the rates and are trying to give those last few trying to actually renegotiate and avoid financial disaster just a little bit more time. Anyways, reflecting on GG's post, I think the 48 hours after a rate hike maybe the most interesting/terrifying/exhilarating 48 hours in our lifetimes. I think that might be the time when the masses are forced to understand the gravity of the situation, and then perhaps brought up to speed on the new system/normal moving forward. So in more simple terms, a little pain to get them awakened, a little fear to get to their attention, and then hopefully they'll be ready for the education. Only time will tell. Hope everyone is well MH
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Post by John Winston Lennon O'Boogie on Nov 9, 2015 12:44:11 GMT -5
Stocks Fall on Renewed Global-Growth Concerns By Victoria Craig ·Published November 09, 2015 ·FOXBusiness U.S. equity markets were lower after a blockbuster October jobs report on Friday and weak trade data from China overnight. As of 12:00 p.m. ET, the Dow Jones Industrial Average was down 227 points, or 1.27% to 17681. The S&P 500 shed 28 points, or 1.33% to 2071, while the Nasdaq Composite declined 74 points, or 1.44% to 5073. Consumer discretionary declined the most on the session, while utilities bounced between gains and losses. Today’s Markets Traders in the U.S. focused on economic data from China on Monday, which fueled renewed concerns about slowing global demand. The world’s second-largest economy said its exports declined 6.9%, compared to 3.8% expected drop. It was the fourth-straight month of decline. Meanwhile, imports also went south, falling 18.8% during October, more than the 15% expected slide. Exports to the U.S. fell 0.9%, while those to Europe were down 2.9%, and to Japan, down 7.7%. “China data pointed to a further slowdown, but with the full effect of rate cuts yet to be felt, there is some reason to hope that this performance may be reversed in the coming months,” Chris Beauchamp, senior market analyst at IG said in a note. The weak data, though, didn’t weigh much on the nation’s benchmark average, as the Shanghai Composite index jumped 1.58%. Meanwhile, Hong Kong’s Hang Seng slipped 0.86%, and Japan’s Nikkei climbed 1.96%. “The Nikkei was up almost 2% and the reasoning given was that the weaker yen is going to help exporters,” Michael Block, chief strategist at Rhino Trading Partners said. “Of course, the yen was weaker because the Fed is going to raise rates in December.” Still, before the U.S. central bank can move forward with tighter monetary policy, it must parse a full month of economic data, and the non-farm payrolls report out on Friday helped bolster expectations of an interest rate hike before the end of the year. The Labor Department reported a drop in the headline unemployment rate and a much bigger-than-expected gain in the number of jobs created during October. As Fed Chairwoman Janet Yellen reiterated last week in testimony on Capitol Hill, she and the Federal Open Market Committee will continue to monitor any and all economic data from the U.S. before making a final decision on when rates will rise. Sam Stovall, U.S. equity strategist at S&P Capital IQ said in a note that while history cannot guarantee a rate hike this year, it supports the fact the Fed has raised rates not only in the final months of the year, but ahead of presidential elections. “[Standard & Poor’s Economics] is not expecting the Fed to set precedent when they forecast December to be the long-awaited start to the rate-tightening cycle, and project the possibility of a rate hike to occur during the months leading up to the 2016 presidential election,” Stovall explained. With that in mind, the economic calendar for the week was set to be relatively light with no major data points on the U.S. economy expected on Monday or Wednesday. On Tuesday, investors can expect the latest read on import, export prices, followed by retail sales, producer prices, and consumer sentiment on Friday. The Dow slipped back into negative territory for the year as tech heavyweight IBM (IBM) weighed on the index after Apple (AAPL) said it was set to start selling its iPad Pro. Elsewhere in the market, commodities were mostly higher to start the week, before reversing course in late-morning action. Global oil prices slumped as U.S. crude prices declined 0.63% to $44.00 a barrel, while Brent, the international benchmark shed 0.32% to $47.27. Metals, meanwhile, were mixed. Gold tacked on 0.14% to $1,089 a troy ounce. Silver declined 1.44% to $14.48 an ounce, while copper was 0.42% lower to $2.32 a pound. European equities were lower on the heels of China’s trade figures. The Euro Stoxx 50, which tracks large-cap companies in the eurozone, declined 0.89%, while the German Dax shed 0.92%, the French CAC 40 shed 1.02%, and the FTSE 100 declined 0.60%. www.foxbusiness.com/markets/2015/11/09/futures-lower-china-shares-rise-on-ipo-news/?cmpid=prn_dailyfinance
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Post by John Winston Lennon O'Boogie on Nov 9, 2015 12:49:17 GMT -5
Interest rate hike will only bring the Housing market down more. Put spending on a hold. With the holiday's here, it's a no brainer, keep rates down until next years numbers.
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Post by imSINGLEruRICH on Nov 9, 2015 12:55:08 GMT -5
3 hours ago goldengriff said:Banks Rewrite Contracts Worth Trillions to Shed Too-Big-to-Fail www.bloomberg.com/news/articles/2015-11-09/banks-rewrite-contracts-worth-trillions-to-shed-too-big-to-fail"Late last year, regulators and ISDA announced that swaps contracts worth trillions of dollars would be subject to a pause. That move, which applied to contracts that 18 banks have with each other, affected an estimated 90 percent of the swaps market. Under that agreement, lenders will wait as long as 48 hours before pulling collateral from failed lenders and canceling transactions." 2 hours ago misterhandsome said:This is a very very important component of all this IMO. It is my belief that all these banks and even governments have been 100% aware of the issue and were told, "look get these things cleaned up." I wonder if all the talk about hiking the interest rate and then back pedaling is not the open side of an internal war waging behind closed doors, where one side is of the opinion that the other side is merely balking, so they show them they are serious about raising the rates and are trying to give those last few trying to actually renegotiate and avoid financial disaster just a little bit more time. Anyways, reflecting on GG's post, I think the 48 hours after a rate hike maybe the most interesting/terrifying/exhilarating 48 hours in our lifetimes. I think that might be the time when the masses are forced to understand the gravity of the situation, and then perhaps brought up to speed on the new system/normal moving forward. So in more simple terms, a little pain to get them awakened, a little fear to get to their attention, and then hopefully they'll be ready for the education. Only time will tell. Hope everyone is well MH GG still around....... I remember (few years back) when Kevin West was asking around the boards (in PM's) trying to find out if anyone had a contact number or a way to contact Goldengriff. He was very interested in what GG had/ has to say.
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Post by John Winston Lennon O'Boogie on Nov 11, 2015 9:30:49 GMT -5
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