X22Report, Published on Oct 31, 2014
Italy unemployment edges up once again. Consumer spending falls. New home sales are imploding. Gold smacked down to sway the Swiss voters to a no vote. Australia open to joining China’s new banking system. Russia investigating anomalies in the Moscow exchange. Democrats trying to control free speech by limiting YouTube videos. China sending 480 military medics to Liberia. Ukraine and Russia agree on gas price. Fighting reignites in Ukraine right before the elections on Nov 2. DHS reports black energy malware found in energy control system in the US. The report blames Russia. Be prepared for a false flag event.
goldsilverworlds.com / via The Silver Institute /
It turns out that silver nanoparticles are not as solid as initially thought, making their use in electronic components and circuits a bit challenging as gadgets become increasingly smaller. Fortunately, there is a solution.
Because of its superb electrical conductivity and high melting temperature, silver is used in many aspects of electronic design. Recently, however, scientists have discovered that as the particles become microscopically smaller – in the 10 nanometer range – their outside layer mimics water droplets, wobbling and changing shape, while the inside stays stable. This can be problematic for their use in electrical contacts at the molecular level (10 nanometers is one-thousandth of the width of a human hair) as the silver could leak and cause short circuits. This could be especially challenging in devices that move around a lot or rely on movement like tiny motors or sensors in mobile applications.
A research team at MIT first noticed this phenomenon while studying silver nanoparticles but they believe it will apply to other metal nanoparticles as well.
Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today. This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.
In just the past two days, investors purchased more than 1.4 million Silver Eagles. This pushed the total sales for October to 5,790.000, surpassing the record set in March at 5,354,000.
Furthermore, total Silver Eagle sales for 2014 are now over 38 million. In 2013, the record stood at 42.7 million. If we have another strong sales month in November of 4 million, all we would need is at least 800,000 Silver Eagles sold in December to surpass the record set last year.
Even though a small portion of the public is investing in Silver Eagles.. it’s still amazing to see this sort of HIGH DEMAND, while most fickle investors would be running for the hills. Again, several analysts stated that silver investment demand would start to ease if the price of silver continued to fall.
Here we can see that the OPPOSITE IS THE CASE. … silly analysts.
Lastly, if Silver Eagles are flying out of the U.S. Mint at the bottom basement prices, I can guarantee the same thing is taking place with Silver Maples at the Royal Canadian Mint.
acting-man.com / Pater Tenebrarum / October 31, 2014
The BoJ Goes Even Crazier
It has been clear for a while now that the lunatics are running the asylum in Japan, so perhaps one shouldn’t be too surprised by what happened overnight. Bloomberg informs us that “Kuroda Jolts Markets With Assault on Deflation Mindset”.
The policy hasn’t worked so far, in fact, it demonstrably hasn’t worked in Japan in a quarter of a century. Therefore, according to the Keynesian mindset, we need more of it. Mr. Kuroda therefore delivered a surprise spiking of the punchbowl that immediately impoverished Japan’s consumers further by causing a sharp decline in the yen:
“Today’s decision to expand Japan’s monetary stimulus may be regarded as shock treatment in the central bank’s effort to affect confidence levels. Bank of Japan Governor Haruhiko Kuroda’s remedy to reflate the world’s third-largest economy through influencing expectations saw the yen sliding and stocks climbing.
Kuroda led a divided board in Tokyo in a surprise decision to expand unprecedented monetary stimulus. Bank officials hadn’t provided any hints in recent weeks that additional easing was on the cards to help reach the BOJ’s inflation goal. Kuroda, 70, repeatedly indicated confidence this month that Japan was on a path to reaching his 2 percent target in the coming fiscal year. Just three of 32 economists surveyed by Bloomberg News predicted extra easing.
“We have to admit that this is sort of a second shock — after we had the first shock in April last year,” said Masaaki Kanno, chief Japan economist at JPMorgan Chase & Co. in Tokyo, referring to the first round of stimulus rolled out by Kuroda in 2013. Kanno, who used to work at the BOJ, said “this is very effective,” especially because it comes the same day as the government pension fund said it will buy more of the nation’s stocks.
zealllc.com / Scott Wright / October 31, 2014
Elephants are the world’s largest land animals. And though there aren’t many, they can still be found scattered across the planet. In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found.
Elephant country is somewhere miners tend to gravitate towards in their hunt for meaningful discoveries, as elephants can usually be found in herds. And one of the world’s most prolific gold herds is found in British Columbia’s Golden Triangle.
The Golden Triangle, also known as the Stewart district, is located in northwestern BC. I’ve seen several different illustrations of this triangle drawn out on a map, but they’re all very similar with the long end stretching south to north from the town of Stewart to Dease Lake, roughly 300km.
I won’t go into a ton of geological detail, but the Golden Triangle resides in what is known as the Stikine terrane. It is generally believed that this terrane’s hydrothermal systems were seasoned longer than most. And the effect is a cornucopia of mineralized deposits including the volcanogenic massive sulfide, alkaline porphyry copper-gold, and transitional epithermal intrusion-related precious-metals types. This favorable geology has yielded several elephants.
The Golden Triangle has seen mineral exploration for over a century. And modern methods over the last half century or so have unearthed some of its greatest treasures. The best known as measured by yield is the famous Eskay Creek gold/silver deposit. This Barrick-run mine was once the world’s highest-grade gold mine (48 g/t) and fifth-largest silver mine by volume. Eskay Creek closed due to depletion in 2008, and over its life produced 3m+ ounces of gold and 160m+ ounces of silver.
While Eskay Creek was quite impressive, the Golden Triangle’s largest elephants are still in the ground. Towards the north are the massive Galore Creek and Schaft Creek projects. These projects, majority owned by Novagold and Teck Resources, hold two of the world’s largest undeveloped copper/gold deposits. Their combined resources of 22b+ pounds of copper and 21m+ ounces of gold, along with substantial byproducts of silver and other base metals, are astonishing.
Moving south closer to Stewart we find the KSM, Snowfield, and Brucejack projects. These polymetallic projects also hold a smorgasbord of metals, but with higher concentrations of gold. Seabridge Gold’s KSM project is the largest of the bunch, a 70m-ounce 23m-pound gold/copper behemoth. Snowfield and Brucejack are much smaller relatively speaking, containing around 30m ounces of gold resources each. But these elephants still rank within the top 5% globally in terms of size.
So as you can see, the Golden Triangle is host to one of the world’s most robust elephant herds. But while elephants are highly desirable assets for miners to have in their portfolios, they do have their drawbacks. And the most onerous is the massive amount of capital it requires to develop them.
In order to profitably mine large lower-grade polymetallic deposits, they typically need to operate on economies of scale (large-scale production). Once up and running proposed operations at such projects as KSM, Galore Creek, and Schaft Creek would indeed deliver high margins/profits, even at today’s metals prices. But getting them up and running is no easy task since large-scale mines come with large-scale price tags.
jonrappoport.wordpress.com / by Jon Rappoport / November 1, 2014
In terms of sheer numbers, propaganda is the most extensive form of mind control on the planet.
But propaganda is more than lies.
The person who accepts a lie sets up an internal matrix composed of images, feelings, and beliefs.
These components are the mechanism by which a lie becomes a full-fledged reality. This is how mind control operates.
The literal lie is just the tip of the iceberg. Below the surface, the recipient constructs an image-feeling-belief home for the lie.
And that is why he is so convinced the lie is true.
It has nothing to do with logic, verification, probability. It has everything to do with irrational processes.
This is why people need an approach to analyzing information that will render them highly immune to propaganda.
I have worked on this issue for many years.
A study of logic certainly helps. But beyond that, an understanding of how deep investigations are done is paramount.
When I put together my latest collection, Power Outside The Matrix, I included a long section: Analyzing Information in the Age of Disinformation.
I review, in great detail, how an investigation should proceed, from real-world examples.
There is another vector that is vital: as the individual gains more power and energy, he is less prone to accepting other, inauthentic sources of energy and information.
He is less prone to building those inner image-feeling-belief responses to propaganda.
So I’ve included another section in this collection: a series of creative exercises that can be done on a daily basis, for the purpose of expanding one’s own energy and stability outside the grid of consensus reality.
Expanding one’s own power involves the conscious projection of new realities.
Previously, the notion of “projection” has been the property of the pseudoscience called psychology. The concept has been twisted to mean the blind projection of one’s own “negative images and feelings” on to other people.
TheDollarVigilante, Published on Oct 31, 2014
Jeff Berwick is interviewed by Angel Clark for the Angel Clark Show in his own Acapulco studio! Topics include: Expatriation, relocating to Acapulco, relative freedoms between US and Mexico, the lifestyle in Acapulco, the upcoming Anarchapulco event, Anarchapulco just keeps getting bigger!
shtfplan.com / Mac Slavo / October 31st, 2014
We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate such capital. And a trillion, or better yet, the $17.9 Trillion that is our national debt? Forget about it! That’s so much money that we’re talking piles of cash the size of skyscrapers.
But even a visualization like this makes it difficult to understand how much money this actually is.
Ann Bardnhardt, who in 2011 shut the doors to her investment firm and urged her clients to withdraw their money from all markets because she says the entire system has been utterly destroyed, will blow your mind in her most recent blog post.
It turns out money the way we were taught to understand it in school isn’t really how we should be valuing economies or debt. Instead, we need to be looking at what that money represents.
goldsilverworlds.com / By Taki Tsaklanos /
Both gold and silver went sharply lower this week, especially yesterday and today. Gold in U.S. Dollars closed the trading session and trading week at 1,172.49, a decline of 2.14% on the day. Silver closed at 16.14 U.S. Dollar, which is 1.53% lower on the day, albeit a spike lower during the trading session to $15.65 for only some minutes.
What is happening with the metals? Are the price of gold and silver about to crash to a low of 2014 or has the worst passed?
Before trying to answer those questions, it is important to look at the developing activity across markets. The key point is that the drivers for the gold and silver price are mainly two other key assets: the U.S. Dollar and equities.
Central banks are driving the financial world
Today, the Japanese central bank (Bank Of Japan, also BOJ) decided to launch a mega-money-printing program. The BoJ aims to increase its monetary base by 80 trillion yen annually, from 60-70 trillion yen previously, and boost the average maturity of JGB purchases 7-10 years. When BoJ Governor Kuroda began his current QQE program, he said Japan would reach 2% inflation in two years. The two-year deadline ends in around five months and inflation is still only halfway to the BoJ’s target. There is essentially no chance that the bank will meet this target, even with this new stimulus.
Matthew Weller from Forex.com points out that the BOJ stimulus, combined with Wednesday’s less-dovish-than-expected statement from the Federal Reserve, today’s news creates crystal clear policy divergence between the Fed and the BOJ. “In the US, the Fed ended its third round of quantitative easing by tapering asset purchases by their final $15bn and released a somewhat more hawkish statement than the market was expecting. The bank noted that labor market conditions have improved somewhat, with solid job gains and a lower unemployment rate. The underutilization of labor resources is also gradually diminishing according to the Fed.”
As a result, the US dollar was bid on the back of the Fed’s statement as US Treasury Bond yields rose and stocks fell. Since then the US dollar has gained even more ground against the struggling euro and yen, while the kiwi and aussie have been able to hold their ground on the back of robust investor sentiment and a slightly risk-on tone in the market.
U.S. Dollar strength
According to Matthew Weller, the reaction to the Fed’s statement is somewhat more severe than one might expect, given that the actual course of monetary policy in the US remains very data dependent. While the Fed noted that the likelihood of inflation running persistently below 2% has diminished somewhat, we are still yet to see a meaningful pickup in consumer price growth. Some of this can be attributed to lower energy prices, but even once food and energy prices are taken out, inflation remains stagnant around 1.7% y/y.
sovereignman.com / By Simon Black / October 31, 2014
The new NBA season started this week. And with it the new salary cap for 2014-15 entered into force. It increased by 7.5% and is now at a record high of $63 million.
Yet another “all time high” in a world where everything seems to be hitting the moon.
NBA’s salary cap increased only marginally in the previous seven years. It went from $55.6 million per team in the 2007-08 season to $58.7 million for 2013-14, an increase of 5.6%.
Now it more than made up for it. Similar increases have been happening across the board in sports. Let’s look at the most popular sport around the world, soccer (or as it’s know in most places, football), as a credible example.
Transfer and wage amounts in soccer have risen markedly especially since the European Central Bank President Mario Draghi vowed to do “whatever it takes” to save the euro two years ago and since the Bank of England has been flooding the market with pounds at an annualized growth rate of more than 20% in recent years.
Everyone expected that it was a giant aberration when Real Madrid paid 94 million euros for Manchester United’s Portuguese star Cristiano Ronaldo in 2009 and that the record will hold for years to come.
Yet it was swiftly broken last year when Real spent 100 million euros on Gareth Bale from Tottenham. Of the ten highest transfers in soccer of all time, seven happened since last year’s summer.
20 clubs in the English Premier League spent a record $1.3 billion on transfers during the latest transfer window in July and August. That blew away the previous high of just over $1 billion set a year earlier.
What’s especially striking is how amounts in the tens of millions have spiraled and are now easily spent on players considered nowhere near the top of the game, such as the combined 100 million euros spent by Zenit Saint Petersburg on Axel Witsel and Hulk from Porto.
Peter Schiff, Published on Oct 31, 2014
zerohedge.com / by Tyler Durden on 10/31/2014 21:30
When central bankers go wild…
theburningplatform.com / by / 31st October 2014
This is a serious warning: An early build-up of snow in the northern hemisphere suggests that governmental units, charities and families should be prepared for the possibility of extended periods of colder and/or snowier weather relative to average this winter. This would especially be a factor in the mid-South where they are not used to getting much snow in the winter. Budgets are going to be busted with snow removal. Many families will struggle with increased heating bills.
We continue to have a huge build-up of snow in the northern areas of the Northern Hemisphere. From Canada across Siberia to northern Europe, snow has come significantly earlier than average. There is a strong correlation between early snow cover in eastern Asia and cold/snowy winters in the eastern U.S. Air that sits over all that snow is going to be cold and getting colder as the sun continues to retreat to the south until we reach the Winter Solstice on Dec. 21.
In Great Brittan heavy and persistent snow, freezing gales and sub-zero temperatures threaten to grind the country to a standstill for up to FIVE MONTHS, horrified long-range weather forecasters have warned. The impending bout of extreme weather will come as a shock and forecasters have warned Britons should not to be lulled into a false sense of security by the recent mild conditions. January is currently showing signs of temperatures hitting “record-breaking” lows meaning parts of the country could see the mercury plunge to -27C (-17F).
The greatest human disaster of the last thousand years is upon us and governments are asleep at the helm. A train is barreling down the tracks headed right for the peoples of earth yet there are those who lie and say the train is moving away. As they cry about the heat, it is getting colder at a dangerous rate. The planet is losing heat even though things are heating up with volcanoes and earthquake activity.
Global cooling is hard reality, it is no one’s fantasy. It is not a computer model that creates mental fabrications and estimates of reality without touching on reality itself. Global cooling means cold and lots of it. That means lots more energy to keep warm if you live outside the tropics.
thedailysheeple.com / Melissa Melton / October 31st, 2014
Do you remember Back to the Future Part II?
In the film, by the date July 2, 2012, we were set to have not just hoverboards (cool but kinda dangerous) and self-tying shoe laces (lame but still futuristic), but we were also going to have flying cars by now.
Well it’s been over two years since that date, and we still don’t have any of those things.
What we do have is Virgin Airlines’ subsidiary Virgin Galactic attempting to make commercial spaceflight a reality, something that will give people who cannot be NASA astronauts (basically everybody) but who can afford $250,000 a ticket (well, not really everybody) a chance to actually go to outer space.
Sadly, that reality hit a setback today as Virgin Galactic’s SpaceShipTwo blew up during a test run 120 north of Los Angeles, killing one pilot and wounding another.
The following statement was released on the company’s website:
Virgin Galactic’s partner Scaled Composites conducted a powered test flight of SpaceShipTwo earlier today. During the test, the vehicle suffered a serious anomaly resulting in the loss of the vehicle.
libertyblitzkrieg.com / / October 31st, 2014
If you think anything is going to change for the better after Republicans take control of the Senate, you might have come down with a severe case of stupidity. Just like the Democrats before them, the new crop will answer to the same Wall Street masters.
Most of America isn’t interested in next week’s elections. Wall Street is an exception.
The $169 million from donors in the securities and investment industry is the most they’ve ever contributed in a midterm election, according to Center for Responsive Politics data. That makes them the most generous group for the first time in decades, with about two-thirds of the money going to Republicans in what the Washington-based nonprofit projects will be the country’s most expensive non-presidential election.
The industry’s biggest donor was Paul Singer’s hedge fund Elliott Management, with $12.1 million. Among top givers were employees from Ken Griffin’s Citadel LLC, Soros Fund Management LLC and Goldman Sachs Group Inc. Wall Street’s lead over retirees, lawyers and other groups grows wider when commercial banks including JPMorgan Chase & Co. are added.
21stcenturywire.com / October 31, 2014
21st Century Wire says…
Plans are afoot for a new Nicaraguan canal which that would dwarf the existing Panama Canal to its south, but the only problem is that the project will effectively partition central America’s largest lake.
Although the deal has been fast-tracked by the Ortega government, the local population do not support it at all, not least of all because the project will decimate Lake Nicaragua – the region’s most valuable natural resource.
Local residents are threatening nothing short of armed insurrection, if (or when) Chinese bulldozers show up: “There is going to be a massacre because we are not leaving our land, our lives, and we’ll fight for it until death.”
Critics believe that this deal amounts to a near full foreign Chinese takeover of a large portion of the Nicaraguan economy, and with a cost of at least $40 billion, the project’s value will be four times the size of country’s 2011 gross domestic product.
President Ortega handed a 100-year concession to Chinese telecommunications magnet Wang Jing and Wang’s Hong Kong-based HKND Group (registered in the Cayman Islands).
In addition to Lake Nicaragua, Wang’s lucrative concession also includes control over giant tracks of Nicaraguan private and public required to build and manage the canal. The Chinese also net a number of other sweeteners in the deal – including two ports, free trade zones, airport, and hotel and resort properties.
zerohedge.com / by Charlie Hennemann via CFA Institute blog / 10/31/2014 20:27
Of all the noteworthy moments from the 2014 CFA Institute Fixed-Income Management Conference, the bombshell may have been the default call from Martin S. Fridson, CFA.
Fridson, CIO at Lehmann Livian Fridson Advisors, has been a leading figure in the high-yield bond market since it was known as the “junk bond” market — and he sees as much as $1.6 trillion in high-yield defaults coming in a surge he expects to begin soon.
“And this is not based on an apocalyptic forecast,” he assured the audience.
High-yield bonds, typically issued with credit ratings at the bottom of the scale, tend to suffer default surges during troughs in the credit cycle. The first high-yield default surge occurred from 1989 to 1992, and encompassed the collapse of Drexel Burnham Lambert. The second surge ran from 1999 to 2003, following the bursting of the dot-com bubble, and the third happened in the midst of the global financial crisis, from 2008 to 2009.
Fridson suggests the next default surge will be larger than the last three combined. Each surge saw an average annual high-yield default rate above 7% (which, if extended over a multi-year period, can add up to real money).
Russell Lee Saloon, Craigville, Minnesota Aug 1937
PM Abe and the BOJ are panicking big time. Japan debt is already well over 400% of GDP, and nothing they have done has had any positive effect other than those they’ve made up. It’s a matter of when, not if. Expect ugly.
• Kuroda Jolts Markets With Assault on Deflation Mindset (Bloomberg)
Today’s decision to expand Japan’s monetary stimulus may be regarded as shock treatment in the central bank’s effort to affect confidence levels. Bank of Japan Governor Haruhiko Kuroda’s remedy to reflate the world’s third-largest economy through influencing expectations saw the yen sliding and stocks climbing. Kuroda led a divided board in Tokyo in a surprise decision to expand unprecedented monetary stimulus. Bank officials hadn’t provided any hints in recent weeks that additional easing was on the cards to help reach the BOJ’s inflation goal. Kuroda, 70, repeatedly indicated confidence this month that Japan was on a path to reaching his 2% target in the coming fiscal year. Just three of 32 economists surveyed by Bloomberg News predicted extra easing. “We have to admit that this is sort of a second shock – after we had the first shock in April last year,” said Masaaki Kanno, chief Japan economist at JPMorgan Chase, referring to the first round of stimulus rolled out by Kuroda in 2013.
Kanno, who used to work at the BOJ, said “this is very effective,” especially because it comes the same day as the government pension fund said it will buy more of the nation’s stocks. The BOJ chief, a former Finance Ministry bureaucrat who at one time was in charge of currency affairs, had repeatedly said that the central bank wouldn’t hesitate to expand asset buying if necessary. At the same time, his public confidence in Japan being on a path to reach the inflation target left the idea that no stimulus was coming today, Kanno said. “Kuroda loves a surprise – Kuroda doesn’t care about common sense, all he cares about is meeting the price target,” said Naomi Muguruma, a Tokyo-based economist at Mitsubishi UFJ Morgan Stanley Securities Co., who correctly forecast more stimulus today. “Kuroda knows that when he moves it must be big and surprising.” The BOJ is aiming to pre-empt any risk of a delay in ending Japan’s “deflationary mindset,” it said in today’s policy statement. Kuroda later told reporters that surprising the markets wasn’t his intention.
Peter Schiff, Published on Oct 31, 2014