gold-eagle.com / by Jack Chan / December 20, 2014
COT data suggests lower metal prices overall going forward.
gold-eagle.com / by Jack Chan / December 20, 2014
COT data suggests lower metal prices overall going forward.
It seems the one primary area that people disagree with the view of the future is the rise in the dollar that is on the horizon. I have warned that in discussions behind the curtain, there will be a move to replace the dollar as the reserve currency. I have also stated that the only possible solution will be a new world currency that is composed of a basket. There are three subtle events that confirm this view is a lot sooner than anyone suspects. We may be looking at the rapid change in the world monetary system after 2015.75 with what we have called BIG BANG.
thedailysheeple.com / by Truthstream Media / December 20th, 2014
We have finally reached the moment where Orwell’s nightmare in 1984 meets the movie Minority Report. We’re living there right now.
And, astoundingly, we still hear people saying “Well, I haven’t done anything wrong, so I don’t have anything to worry about.”
Did you know that any time a police officer pulls you over or responds to your 9-1-1 call, he or she is using a pre-crime algorithm which assigns you a color-coded threat score based not just on your criminal background but on everything including “flagged” purchases and all your social media posts which may include any comments that may be construed as “offensive?”
zerohedge.com / by Tyler Durden on 12/20/2014 13:03
As the world grows used to hearing of reserve depletion among less-developed nations defending their currencies from collapse, we thought the following chart might open a few eyes as to the real driver of attempting to create ‘stability’ by intervention. In the run-up to October’s parliamentary election in Ukraine, the Hryvnia became oddly stable – signaling to the world that the current government had everything under control and should be re-elected. Since the re-election, the Ukrainian currency has re-collapsed to record lows. How did the Ukrainian government ‘ensure’ re-election via ‘stability’? By blowing almost $4bn (a record 23% of reserves) in one month to maintain the currency’s level…
Money well spent we are sure…
goldsilverworlds.com / by
An eminent collapse of the US fiat petrodollar? China and Russia, with their enormous build-up of physical gold over the last several years, waiting in the wings to lead a new gold-backed currency? The growing BRICS alliance to unseat the elite’s Western NWO and its banking system?
A growing likelihood on the first question, and no and no to the latter two questions. In fact, the elites are probably doing more to destroy the fiat Federal Reserve “dollar” than any other group or alliance. There has been talk about the US destroying the dollar for at least the past four years. Kyle Bass even made the pronouncement whereby a senior Obama administration official told him, “We’re just going to kill the dollar.” That is exactly what is happening and coming from “inside information.”
What most people refuse to understand, if not even acknowledge, is the extent to which the elites have an utter stranglehold on the world’s financial system, and by world we do not mean just the Western world. China and Russia are included. There is no single country that can exist without the machinations of the elite’s banking system. They have been running the world for a few hundred years and are masters at it.
Russia has enough gold to back its ruble in some way. Understand that the current price for gold does not represent a fair standard of value. It is vastly undervalued, and one day, the reality of what should be a fair value for gold and silver will occur. They are both money and measures of value. Most people have reversed their thinking and measure the value of PMs by valueless fiat. This is a huge mistake and reflects how well the elites have successfully exercised mind control over the masses to maintain this false belief.
The agenda for a New World Order is at least 100 years old, when bankers and corporate presidents were all aiming to control every aspect of industry via financial manipulation, straight from the well-established Rothschild “game book,” as it were. This unabated zeal for world control is not something that has been in the works for just the past several decades. Knowledge of this does not come from an announcement in the New York Times or Wall Street Journal; rather, one has to diligently read through a myriad of source material and then see how the dots are connected.
In a nutshell, if the elites have their way, and to date they remain unopposed, the fiat Federal Reserve Note, aka the debt “dollar,” will be replaced with some form of a new international currency, or perhaps SDRs [Special Drawing Rights], an international basket of currencies. All money may exist as computer credits that can be readily tracked. If anyone dare oppose the bankers, poof, your credits just disappeared, and you have nothing. Bankers rely on debt largesse and fear.
There will be no sovereign nations. All countries will be held accountable to the new Wizard Of OZ bankers behind the curtain, much like the experiment called the European Union. The EU may fall apart, but the lessons learned will not be lost, and in fact they will be honed to format what is to come. The handful of banking elite that rule the Western economies will become “elite-er”
What of China and Russia? Both have advocated respect for the IMF with expressed desires to be participants in the system. The system will change, to be sure: no more Federal Reserve fiat “dollar” as the world’s reserve currency. Not a few hold out the errant belief that the BRICS nations, primarily China and Russia, will replace the elite’s banking system. Absolutely not! The elites are redesigning the next phase of their control over the financial world to include the BRICS, all eager to join the “club” for the first time and be major participants on the financial world stage.
gata.org / By Ambrose Evans-Pritchard via The Telegraph / December 20, 2014
The Week the Dam Broke in Russia and Ended Putin’s Dreams
By Ambrose Evans-Pritchard
Gallows humour is back in Moscow. Asked what he would do to stop the rouble spiralling out of control, the former governor of Russia’s central bank replied: “I would pick up a pistol and shoot myself.”
This was the week when the country’s long-festering crisis turned virulent. A last-ditch attempt to defend the exchange rate by raising interest rates to 17 percent failed within hours, yet the shock is surely enough to set off a chain of corporate failures and push banks over the edge. …
For the last decade, an elite cell at the US Treasury has been sharpening the tools of economic war, crafting ways to bring countries to their knees without firing a shot.
The strategy relies on hegemonic control over the global banking system, buttressed by a network of allies. Iran has felt its grim effects. “It is a new kind of war, like a creeping financial insurgency, intended to constrict our enemies’ financial lifeblood, unprecedented in its reach,” says Juan Zarate, who once led the team. …
… For the remainder of the commentary:
marctomarket.com / by Marc Chandler / December 20, 2014
Water makes the earth different than any other planet in the solar system. Do you ever wonder where it comes from? I had thought it was, like, always part of Earth. Apparently this is only half right. This four minute Cool Video from National Geographic explains the origins of our water.
thecommonsenseshow.com / by Dave Hodge / 20 Dec 2014
After publishing the article which detailed the frightening extent to which the globalist super-weapons have reached, the display of resistance was admirable, but misguided. On their own, the American people cannot fight the globalists on their terms and expect to prevail. David did not engage Goliath on Goliath’s terms. David employed a weapon at a relatively safe distance. If David had been within an arms length of Goliath, David would have been destroyed. In the same light, if one thinks that they are going to successfully engage a Micro Aerial Vehicle in their driveway armed with their 12 gauge shotgun and win, that person is both naive and mistaken. This is not to suggest that Americans should not be prepared to fight against the unfolding and unprecedented levels of tyranny that we will be dealing with in a short amount of time.
Truisms Regarding Revolution
tfmetalsreport.com / By Dr Jerome / December 20, 2014
I was on an anniversary vacation (27 years) in lovely Sedona Arizona yesterday, named after Sedona Schnebly whose hospitality and kindness was renowned in the early 1900s, when I noticed the headline on the USA Today weekend edition praising the FED for saving the stock markets. (ZH has noticed too with a different angle on the headline) I had to stop and read. Two things jumped out at me from the image below: 1) that the images and quotes are lying to the American people, 2) that we have come to expect the Fed to save us!
But wait just a minute… this “correction” started a lot higher! As I look at that newspaper image, it would appear that stocks are now stronger than before the pullback began. A look at the full chart, glancing back five more days, shows that indeed we have only recovered a portion of the losses. Is someone trying to deceive me?
Let’s say I am an investing novice, (“Jerome is an investing novice…”) with my money in a TIAA-CREF mutual fund, and I have been watching the economic headlines, like a diligent mutual fund investor always does, wondering if I should cash out for a while. Then I see this headline. “Wow” I think, “Looks all clear to me. I’m stayin’ in.” Then I look a little deeper at the front page and see that it’s a 709 point gain in two days—best since 2008. “Damn,” I say, “That’s when all the recession began. It really is over. And look at that graph, stocks are going up!” Then I read a bit more. “Wow. This expert says the correction in over.”
acting-man.com / by Pater Tenebrarum / December 20, 2014
Creator of Stammered Works Becomes EU’s Red Tape Whacker
Anyway, Reuters informs us that JC Juncker has found the right man for the job: former Bavarian premier Edmund Stoiber. We have previously remarked that jobs in the EU are sinecures for political has-beens, and one might at first suspect that to be the case here as well. However, Stoiber actually does appear to be qualified for the task – at the very least, he seems well prepared for it and comes equipped with the proper mindset.
lewrockwell.com / By Scott Lazarowitz / December 20, 2014
Recent polls show that, despite the Senate’s torture report, most Americans still support the Central Intelligence Agency’s use of torture on suspects. Obviously the mainstream media misinform the public, neglecting to tell them that such torturetechniques do not even produce reliable information and are mainly used to extract false confessions from innocent detainees.
And on the National Security Agency’s spying on innocent Americans, people love it, and then they hate it, and now they’re back toloving it again. Alas, Most people are ignorant of the actual criminality being committed by the federal goons.
But one American who shows enthusiastic support for NSA intrusions, a Federal Appeals Court judge, says that privacy is “overvalued,” and that “much of what passes for the name of privacy is really just trying to conceal the disreputable parts of your conduct.” If some unauthorized individual intruded into his cell phone, one would find a picture of the judge’s cat and some emails.
“What’s the big deal?” Judge Richard Posner asked, contemptuously wisecracking, “Other people must have really exciting stuff. Do they narrate their adulteries, or something like that?”
So, yeah, he’s all for NSA spying on innocent people without any reason to suspect them of anything.
He is one of those, “well, if you have nothing to hide. . .” kinds of judges, so people should just let government goons have complete access into all their personal information. After all, it’s in the name of “security” and to protect us from “terrorism.”
ChrisMartensondotcom, Published on Dec 20, 2014
gold-eagle.com / by Steven H. Hanke / December 20, 2014
The specter of currency wars once again haunts the international chattering classes. Remember back in 2011, when Brazilian finance minister Guido Mantega blamed the U.S. for deliberately weakening the greenback to gain a competitive advantage? Well, now the shoe is on the other foot.
The Yen — an important regional currency — recently sank to a seven-year low against the now mighty U.S. dollar (USD). This is putting downward pressure on the Korean won and other Asian currencies. The situation is similar in Africa where the Kenyan shilling has hit a three-year low against the USD; the Nigerian naira recently set an all-time low against the dollar; the Ghanaian cedi has shed over 25 percent of its value against the greenback this year. The big Latin American loser is the Venezuelan bolivar, followed by the hopeless Argentine peso. Moving to Europe, Ukraine’s hryvnia has lost over 88 percent of its value against the USD this year, while the Russian ruble has racked up a loss of over 43 percent against the greenback in the same time span. The list could go on, but let’s focus on Russia and the travails of the ruble.
The ruble, while it has not been hit as hard as the hryvnia, has sharply depreciated because of the Russian-Ukrainian conflict and the sanctions that it has spawned. The sanctions are, of course, a mug’s game. Indeed, sanctions have almost universally failed to achieve their objectives. The one thing they do, though, is to impose real costs on many intended and unintended victims, including the international economic system. It is noteworthy just how predictable the unintended consequences are. While the sanctions imposed against Russia have clearly contributed to ruble weakness, they have massively strengthened President Vladimir Putin’s hand.
Thanks to the sanctions imposed against Russia, President Putin’s support rose to 88 percent in October, according to Russia’s most independent polling group, the Levada Center. Undoubtedly, Putin got another boost in the polls after the shabby treatment he received in Brisbane, Australia at the meeting of the Group of Twenty (G20).
thedailysheeple.com / by Washington’s Blog / December 20th, 2014
Previously-leaked documents showed that the CIA warned Obama that funding rebels doesn’t work … but Obama decided to fund the Syrian rebels anyway for cynical political gain.
Top CIA officers say that drone strikes increase terrorism (and see this). Indeed, virtually all aspects of the American “war on terror” strategy creates more terrorists and weakens our national security. And see this.
Now, a leaked internal CIA memo shows that the Agency told Obama that drone strikes might be counter-productive. The Sydney Morning Herald reports today:
RT, Published on Dec 20, 2014
Max Keiser and Stacy Herbert are joined by Liam Halligan of BNE.eu. They talk rubles, sanctions and diversifying the economy with some technology investments. In the second half, Max interviews Konstantin Gurdgiev about the ruble, the Russian budget and David Cameron’s take on the causes and consequences of the crisis and sanctions. They also discuss the ruble’s ‘baptism by fire’ as it only just joined the five trillion dollar per day forex markets.
A federal judge, Judge Arthur J. Schwab of the Western District of Pennsylvania, used a deportation decision to probe the constitutionality of President Obama’s executive order on amnesty, declaring it “unconstitutional.” It is about time that Executive Orders are challenged in court for they are absolutely unconstitutional since they smack of a dictatorial abuse of power that denies the people the right to decide the fate of their nation.
Indeed, Texas and other states have already initiated lawsuits challenging the order. Nonetheless, the key here is that ANY such Executive Order is unconstitutional violating the entire concept of a Republic where it is at least a pretense that it is a government by the people rather than a king acting on a personal whim. This is what the law should be – not because of the subject-matter, but any issue. Obama could just as easily order that the IRS increase taxes to 85% without Congress. Anything would be possible. This is the immigration issue, but the act of an Executive Order is everything. Obama just issued such an unconstitutional order to the FCC directing them to regulate and license the Internet. There is nothing any President could do without a vote from the people
Consequently, Judge Schwab wrote:
market-ticker.org / by Karl Denninger / 2014-12-20
And now, the admissions start to come out.
Lying to a Grand Jury is perjury. It is a crime.
So is suborning perjury; the persuading or allowing of someone to swear falsely under oath.
If McCulloch knew that this “witness” could not have actually witnessed the shooting and yet put her in front of the Grand Jury he committed a crime as well.
And now McCulloch has admitted he knew this to be the case:
This leaves only one question before a felony indictment must issue against McCulloch: When did he become aware of this — before or after her testimony was given? If before then as an officer of the court he must stand accused of suborning perjury, be tried and, upon conviction be imprisoned for, that offense.
Never mind the obvious false charge given to the Grand Jury that I have reported on before which is a separate and distinct offense.
If there is no Rule of Law observed and enforced on a consistent basis that leaves only The Law of the Jungle available to ordinary citizens as a means of redressing grievances. The consequence of that is on display in our cities in the form of gang and drug-related shootings on a daily basis.
We either all stand and demand that this stop here and now or we all accept and in fact embrace The Law of the Jungle.
theautomaticearth.com / by Raúl Ilargi Meijer / December 20, 2014
How dare you?
teapartyeconomist.com / by Gary North / December 19, 2014
Beginning in 2015 and escalating from then on, skilled workers from all over the world will have the digital equivalent of green cards. They will be legal to hire. They will flood into America’s middle-class job markets.
The last major barrier is coming down: the language barrier.
Mercantilism is about to get hammered in the world’s labor markets. The free market is about to score another victory. Skype will soon announce to the unemployed, college-educated, 20-something workers of the world: “Y’all come!”
From China, from India, from Singapore, from Latin America, from Spain, and from Greece they will come. They will offer their services to America’s businessemen. “Hire us. We speak fluent English — digitally.”
They will not be living inside America’s borders. So, they will not be illegal aliens. They will be legal aliens.
In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,196.35 down $26.15 per ounce (-2.14%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, fell 0.41%. The U.S. Trade-Weighted Dollar Index slipped 1.40% for the week.
Gold Market Strengths
Gold exports out of Switzerland reached the highest level this year. Furthermore, in order to meet rising demand from Asia, Swiss refineries are working at full capacity.
The Swiss National Bank introduced a negative interest rate on deposits this week. The move, aimed at relieving upward pressure on the franc, should make gold relatively more attractive than franc-denominated assets.
Gold Market Weaknesses
Barrick Gold Corp. is suspending its Lumwana operations in Zambia following a newly established increase in the mining royalty rate. The rate is set to increase from 6 percent to 20 percent for all open-pit mines.
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