Physical silver is the stake in the hearts of the financial vampires.
Physical silver is the bullet that slays the Wall Street werewolves
Donate Via Paypal
ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.
theeconomiccollapseblog.com / By Michael Snyder / March 12th, 2014
Is the price of copper trying to tell us something? Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months. And now it appears that another big decline in the price of copper is starting to happen. So far this year, the price of copper has dropped from a high of $3.40 back in January to a price of $2.95 as I write this article, and many analysts are warning that this is just the beginning. By itself, this should be quite alarming to investors, but as you will see below there are a whole host of other signs that a stock market crash may be rapidly approaching.
But before we get to those other signs, let us discuss copper a bit more first. I cannot remember a time since 2008 when there has been such an overwhelming negative consensus about where the price of copper is heading. The following is from a CNBC article that was posted this week…
On the heels of a wild couple of weeks of trading in global markets, today Canadian legend John Ing spoke with King World News about a surprise that may send the gold market soaring this week. Ing, who has been in the business for 43 years, also discussed the flight into gold around the world. Below is what Ing had to say in his fascinating interview.
Ing: “Today gold is making a five-month high. Year-to-date gold is up 12 percent and the gold stocks are up almost 30 percent. The next target for gold should be the 65-week moving average at $1,410, but the next major line of resistance is in the $1,550 area….
endoftheamericandream.com / By Michael Snyder / March 12th, 2014
Traditionally, when we have thought of “Big Brother technology” we have thought of government oppression. But these days, it isn’t just governments that are using creepy new technologies to spy on all of us. As you will see below, “Big Brother surveillance” has become very big business. In the information age, knowledge is power, and big corporations seem to have an endless thirst for even more of it. So it isn’t just governments that are completely obsessed with watching, tracking, monitoring and recording virtually everything that we do. Corporations have discovered that they can use Orwellian technologies to make lots of money, and this is likely only going to get worse in the years ahead. Below, I have shared a few examples of this phenomenon…
Private Companies Are Using Automated License Plate Readers To Spy On You
Did you know that people that work for private companies are driving around scanning our license plates?
zerohedge.com / by Tyler Durden on 03/12/2014 19:25 -0400
Ukraine, we are told, is infamous for its colorful proverbs and as the title suggests Citi’s Matt King warns that emerging market (EM) bond investors may yet become familiar with more of them in coming weeks. Unfortunately Ukraine’s importance is greater than its economic or even geopolitical significance would suggest. Risk premia everywhere have been compressed by the prolonged force-feeding of central bank liquidity. EM in particular has benefited from enormous inflows. However, for developed market (DM), King believes even a serious deterioration in Ukraine still feels unlikely to really derail the serene march tighter we see in spreads – but even so, he warns there are some broader implications of the EM woes which investors would do well to be aware of as “drunkards know no danger”.
Via Citi’s Matt King, “Drunkards know no danger”
In some ways, the lack of market reaction to the Ukrainian revolution is entirely understandable. Sovereign debt is small (40% of GDP, and only 20% external) – so if there is a crisis, it ought to be one of liquidity, not solvency. EM investors have long thought of the Ukraine as a potential trouble-spot, typically categorizing it with Argentina and Venezuela – so their individual exposures ought to be quite manageable. Besides, it only amounts to around 3% of EM bond indices. And spreads are already high, and the curve inverted, meaning shorts are expensive and at first sight a lot is priced in already.
goldsilverworlds.com / Darryl Schoon / March 12, 2014
Capitalism, the bankers’ three hundred year-old ponzi-scheme, is a balancing act between the bankers’ credit and everyone else’s debt. In its optimal state, credit creates sufficient growth to pay society’s constantly compounding debts. When unable to do so, debt is paid by borrowing against future growth and in capitalism’s end game, aggregate debt exponentially expands until it can no longer be repaid except by exponentially depreciating paper money.
In 2010, in Will the US Devalue the Dollar, I wrote: “… Today, the US, the world’s largest debtor, can no longer pay what it owes except by rolling its debt forward and borrowing more in what the late economist Hyman Minsky called ponzi-financing, financing common in the final stages of mature capital systems.”
“… the United States government and its agencies have, by far, the largest pile-up of interest-bearing debts ($15.6 trillion), the largest accumulation of unsecured obligations (over $60 trillion), the largest yearly deficit ($1.6 trillion), and the greatest indebtedness to the rest of the world ($4.8 trillion).”
armstrongeconomics.com / Martin Armstrong / March 11, 2014
There are talks going on in Europe on how to deal with the massive banking failure in Europe. Of course, nobody want to admit that the cause of this failure was not risky banking – but BRAIN-DEAD political design of the Euro. Because there was no consolidation of the national debts, there was no single bond issue and the euro could NEVER get off the ground as a reserve currency.
By retaining individual national debts, the European design on that score was like the USA with each state issuing its own bonds. However, state bonds are not reserve quality in the USA as they are in Europe and that was the systemic risk. Europe lacked a federal bond issue and as a result, to be politically correct, the bankers had to keep their reserves spread among all the member states bond issues. This presented huge problems for once Greece was in trouble, capital turned and looked at Portugal, Spain, Italy, and it now smells blood in France.
zerohedge.com / by Tyler Durden on 03/12/2014 18:34 -0400
In what Democrats must be hoping is not a bellwether for the mid-term elections, Republican David Jolly won a closely watched special election in a battleground district in Florida yesterday. As WaPo reports, Democrats and Republicans spent millions of dollars with Jolly favoring repealing and replacing Obamacare, which was a central focus of the campaign, while his Democratic opponent did not. The race was close (Jolly won by 3,400 votes of the 183,000 cast), but as WaPo notes, the Florida result is likely to raise Democrat concerns (especially considering the Democrat’s money advantage in the race).
bullionbullscanada.com / Jeff Nielson / Wednesday, 12 March 2014 12:46
In 2014; we now see the next chapter in the economic nightmare known as “globalization” unfolding before us. Regular readers will be familiar with the first chapter of globalization.
Western governments were told (by their Corporate masters) to erase all of their borders, but only for the benefit of the large corporations which are the “fronts” for Western Oligarchs. This allowed the Oligarchs to shut-down most of their high-wage factories in the Western world, and shift their operations to wherever they could find the cheapest slave-labour – and the most-compliant governments.
Indeed, in 2014 these Oligarchs are now so smug and confident of the success of their agenda that they have the audacity to divulge it publicly:
Obama Seeks Trade Deals Sought by Biggest U.S. Companies
That Bloomberg headline tells us two things. First it confirms the summary of their agenda, laid out in the preceding paragraph. Secondly, it makes it unequivocally clear who is the Puppet, and who is the Puppet-Master.
As we all know; the original destination-of-choice for these 21st century Slave Masters was China, and to a lesser extent, India. Here readers need to understand that there was a dual motive at work, not merely a quest for massive/easy corporate profits. The second, equally-important facet of this scheme was the global destruction of wages – beginning in the Western world.
This wasn’t simply desired by the Oligarchs (and the Oligarch-cabal known as “the One Bank”), it was necessary. The destruction of wages brought on by globalization (and the Greater Depression it triggered in the West) produced powerful deflationary pressures, to counter the hyperinflationary upward pressure produced from their insane/extreme money-printing.
harveyorgan.blogspot.com / Harvey Organ / Wednesday, March 12, 2014
Gold closed up $23.80 at $1370.30 (comex to comex closing time ). Silver was up 54 cents to $21.33
In the access market tonight at 5:15 pm
Gold and silver performed nicely in trading while it was in the Asia and Europe time zone reaching $1360 . By the time it crossed into the New York time zone, gold had already broken through the small $1360 resistance level finishing the comex session at $1370.00 Silver again lagged behind which is troublesome. The bankers never let gold rise big time for two consecutive days, so tomorrow will be interesting to see if they can orchestrate a raid knowing full well that demand for gold is rocketing northbound.
GLD and SLV: Today, the GLD and the SLV remained constant. The GLD will be death knell of the bankers as China still requests its gold from the GLD and this gold heads to Shanghai through Switzerland. The game ends with the Bank of England declares they are out of gold.
We have trouble on 3 fronts this morning:
i.) China and its disappearing collateral value of copper and iron ore and how this is playing havoc to their shadow banking sector.
ii) The Ukraine where a vote this Sunday is set to allow Crimea to be annexed by Russia. The Crimea issued a declaration of Independence this morning.
iii) Turkey where the Turkish lira is now back to pre crisis levels and its bonds due to June have an interest rate of 51%
we will be discussing all of these in articles below.
Now let us head over and see the readings for the GOFO rates.
Here are today’s readings with yesterday’s comparison:
Rates now in the positive in all months/ increase in negativity in all months /gold becoming scarce again
i) One Month: +.0075000% vs yesterday: +0200000%
ii Two Months: +.0175000%. vs yesterday: +.0250000%
iii) Three Months:+.02500000% vs yesterday: +.030000%
iv) Six months: +.0550000% vs yesterday: +.0570000%
London good delivery bars still in short supply
Let us now head over to the comex and assess trading over there today,
zerohedge.com / by Tyler Durden on 03/12/2014 18:11 -0400
Three weeks ago, John Kerry came, saw, and launched a blitz-diplomatic campaign which promptly resulted in, well, Russia annexing Crimea.
Now it is the turn of that other foreign policy titan, neo-con John McCain, to complete Kerry’s job and finally launch the GDP-boosting World War III. He may have the chance to do that as soon as Thursday, when he, along with other senators, is slated to travel to Ukraine to “show support for the government there.” Or, said otherwise, to show support for the government that is in power thanks to an illegitimate and deadly coup that took place just over two weeks ago, despite the formal signing of a memorandum, endorsed by all Western powers, that stipulated a peaceful transition as well as presidential elections in the coming months. When presented like that, one almost thinks back to the roaring success that was the US endorsement of the Egyptian Muslim Brotherhood regime (where the US too had zero involvement, repeat zero involvement) that also took over following a violent coup. As well as the largely predictable countercoup that overthrew said regime.
armstrongeconomics.com / Martin Armstrong / March 11, 2014
The Socialists argue that we actually have a free market economy called capitalism and that is the reason for the economic downturns. They assume we can create an economic flat-line they call socialism/communism. Anything that booms and busts they call capitalism. The real question is when have we EVER had free markets and Capitalism without someone trying to regulate and manipulate the opposite side – labor or capital?
During the very early emergence of society coming out of the dark ages when we were abandoning serfdom, for a brief shining moment after the Black Plague or Death of the 14th century, capitalism may have existed for less than a year. Other than that, both sides (labor & capital) have been trying to regulate and manipulate the other ever since so there really has never been a free market that socialists seem to hate so much.
Adam Smith’s Invisible Hand was against the French Physiocrats who tried to reason that “wealth” was only agriculture and the blacksmith making products to sell to the farmer was a parasite living off of the wealth created by the farmer. Smith in his Wealth of Nations said that was wrong. Everyone combined through their individual productivity creates the wealth of the nation. Smith was proven correct with Japan rising to the second largest economy with a tiny landmass and hardly any natural resources. They became productive and wiped out the unions in the USA that were trying to rig the game no different from capital. Each side gains control for brief periods like democrats and republicans, yet neither can see that they need each other to exist.
zerohedge.com / by Tyler Durden on 03/12/2014 13:43 -0400
A week ago, we highlighted something that very few had noticed- an FTC retweet regarding Herbalife. To wit:
Retweets are not endorsements… but they really usually are. Which is the reason some are wondering just why did the FTC show a specific appreciation of this particular tweet sent out yesterday by a user who appears to have a bone to pick with Herbalife, Nu Skin and other alleged pyramid schemes:
#NCPW2014 Why have you not shut down pyramid schemes like Herbalife, Nu Skin and others? What is the FTC waiting for?
stawealth.com / by Lance Roberts / Wednesday, March 12, 2014
I have discussed many times in the past the Fed’s ongoing Quantitative Easing (QE) programs and their ineffectiveness of generating “self-sustaining” economic growth. While the Fed’s interventions have certainly bolstered asset prices by driving a “carry trade,” these programs do not address the central issue necessary in a consumer driven economy which is “employment.”
In an economy that is nearly 70% driven by consumption, production comes first in the economic order. Without a job, through which an individual produces a good or service in exchange for payment, there is no income to consume with. While income can come from social welfare, as seen in the latest personal income data, these dollars are derived from the production of others through taxation.
Like any common accounting equation, if taxation is increased on one side of the ledger, the offset is lower consumption, and ultimately economic growth, on the other. This is why the multiplier from government spending, and social welfare, is effectively near zero, if not potentially a negative.
The problem with the Federal Reserve’s ongoing QE program is that the inflation of asset prices, the “wealth effect,” has not impacted much of the overall economy. A recent Bloomberg National Poll found:
“More than three-quarters of Americans say the five-year bull market in U.S. stocks has had little or no effect on their financial well-being.”
zerohedge.com / by Tyler Durden on 03/12/2014 16:34 -0400
It would appear record inventories of Iron ore and plunging prices due to China’s shadow-banking unwind have started to weigh on the all-too-important-when-it-is-going-up-but-let’s-blame-supply-when-dropping Baltic Dry Index. With the worst start to a year in over a decade, the recent recovery in prices provided faint hope that the worst of the global trade collapse was over… however, today’s 8% plunge – on par with the biggest drops in the last 6 years – suggests things are far from self-sustaining. Still think we are insulated from the arcane China shadow-banking system, which suddenly everyone is an expert of suddenly? Think again.
armstrongeconomics.com / Martin Armstrong / March 12, 2014
Martin E. Dempsey (b; March 14, 1952) is the 18th Chairman of the Joint Chiefs of Staff. He has come out and stated that while he has been in communication with his military counterparts in Russia, he is also making it very clear that the U.S. military will respond militarily if necessary. He has gone on record stating “We do have treaty obligations with our NATO allies. And I have assured them that if that treaty obligation is triggered [in Europe], we would respond.”
Generally, even Washington is unaware as to why the 2nd Amendment was all about the right to retain arms. People protest and say guns should be outlawed, but the reasoning behind this thinking was to PREVENT war.
zerohedge.com / by Tyler Durden on 03/12/2014 16:06 -0400
For the 2nd day in a row, US Treasuries and precious metals were well bid as it seems safe-havens were in strong demand. EUR strength (repatriation flows after risk-aversion in Europe from Ukraine -EURUSD closed at highest since Oct 11) drove the USD Index lower (-0.15% on the week) and while gold and silver benefitted from that modest weakness they are now up 2% on the week (with gold above $1365 and at 6-month highs). Oil slipped (on SPR release talk) and copper lifted modestly (as Yuan strengthen very mildly). Credit markets have lost all gains from Putin. Once again the magic elixir of the US day-session open spiked AUDJPY and supported stocks up to unchanged from overnight weakness but once Europe close (well in DST terms) US equities drifted sideways to lower leaving the Dow and S&P red into the last hour. Another late-day scramble to sell VIX managed to get the S&P just green!
thedailysheeple.com / Melissa Melton / March 12th, 2014
As shown on CSPAN below and reported in the The Washington Free Beacon, one of our congressional representatives thinks the Constitution is a lot older than it really is:
Rep. Sheila Jackson Lee (D., Texas) declared the U.S. Constitution to be 400 years old Wednesday on the House floor, which would mean it was signed in 1614.
“Maybe I should offer a good thanks to the distinguished members of the majority, the Republicans, my chairman and others, for giving us an opportunity to have a deliberative constitutional discussion that reinforces the sanctity of this nation and how well it is that we have lasted some 400 years, operating under a constitution that clearly defines what is constitutional and what is not,” she said.
jessescrossroadscafe.blogspot.com / Jesse / 12 MARCH 2014
“The very banality and innocence of the first act only allowed the blow to fall afterwards with more awful effect.”
Robert W. Chambers, The King In Yellow
Gold ‘popped’ today, and took out the overhead resistance, running up to 1370 before pulling back a bit. Now that it stuck a close, the gold bulls will have to find some level of defensible support, so we can see where the necklines really are.
Silver really has not caught a spark yet, and when we see that we will know that gold and silver are both starting to get the bears on the run. Those who willfully ignore the unfolding currency war are probably undervaluing their risks.
zerohedge.com / by Tyler Durden on 03/12/2014 17:01 -0400
The last few days have seen credit markets weaken drastically, Treasuries rallying, precious metals bid, and copper prices collapsing… but amid all of that stocks are “staying the course.” Perhaps the following 3 charts of the last few days will explain where that magical bid is coming from…
It seems the last hour of the trading day sees sellers arrive (and protection-seekers) worried about overnight angst in Asia… but out of nowhere at 1540ET, VIX is slammed lower (as traders dump protection like a bad case of the crabs) and that lifts stocks close to (or even above) green…
libertyblitzkrieg.com / Michael Krieger / March 12, 2014
No this is not a joke. When I first heard grumblings of this yesterday I ignored it as some sort of hyperbolic page-view hunting headline. Today, I finally decided to look into it and the story is even more outrageous than I imagined.
The most hypocritical aspect of this whole campaign is that it was launched by the COO of Facebook. Yes, rather than focusing on the fact that Facebook had been actively marketing adult webcam advertisements to underage girls in an attempt to earn more revenue, she is focused on the horrific repercussions of a single word.
Sophie wasn’t the only teen connecting with the page, which Facebook statistics show is most popular with users 13 to 17. Clicking on it didn’t pull the teens into nude webcam modeling, but did mean they would receive the page’s updates and could be mentioned in future versions of the ad.
zerohedge.com / by Tyler Durden on 03/12/2014 14:35 -0400
As is widely known, Ukraine’s acting post-coup PM Arseniy Yatsenuk is currently in the US and holding heating talks with president Obama on just how to define the “costs” to Russia should Putin conclude his annexation of the Crimea this weekend in a way that the Russian leader will finally pay attention. As was less known, after his meeting, at 8 pm tonight, the PM was supposed to hold a press conference at the National Press Club.
Ukrainian Prime Minister Arseniy Yatsenyuk will speak and take questions about the situation in his home country at the National Press Club at 8 p.m. today, after his meeting with President Barack Obama at the White House.
Yatsenyuk became prime minister last month after the Ukrainian Parliament removed President Vicktor Yanukovych from power after a peoples’ revolt.
Yatsenyuk’s first weeks in power have been dominated by Russian military moves in Crimea. Yatsenyuk – who has vowed not to give up “a single centimeter of Ukrainian land” in its conflict with Russia — will meet with Obama Wednesday afternoon in hopes that the meeting will spark a resolution to the conflict.
jessescrossroadscafe.blogspot.com / Jesse / 12 MARCH 2014
Not much in the way of news, unless you want to count the crisis in the Ukraine.
It is easy to be puzzled by the news of the world. The US president met with his fellow from the Ukraine today, the new prime ministers. You would think that the US is upholding a democratically elected government against the proposed referendum in the Crimea, and not a government put into power by a violent coup d’état, the kind which if it had occurred in the US would have been met by significant force. This is not to say that the government in the Ukraine had been a good one. It is just that the means by which it was displaced make some of the things which we are hearing seem a bit– hollow.
Oh well, things are so cloudy these days. The mainstream media is throwing a lot of chum into troubled waters.
libertyblitzkrieg.com / Michael Krieger / March 12, 2014
In some cases the NSA has masqueraded as a fake Facebook server, using the social media site as a launching pad to infect a target’s computer and exfiltrate files from a hard drive. In others, it has sent out spam emails laced with the malware, which can be tailored to covertly record audio from a computer’s microphone and take snapshots with its webcam. The hacking systems have also enabled the NSA to launch cyberattacks by corrupting and disrupting file downloads or denying access to websites.
The man-in-the-middle tactic can be used, for instance, to covertly change the content of a message as it is being sent between two people, without either knowing that any change has been made by a third party.
The latest piece from Greenwald and company on the unconstitutional spy practices of the NSA may represent the most dangerous and disturbing revelations yet. It’s hard for shadiness at the NSA to surprise me these days, but there was only one word that kept repeating over and over in my head as I read this: EVIL.
As a quick aside, Greenwald points out in the quote above how spam emails are used by the NSA to bait you into clicking dangerous links. This is a timely revelation considering I received one such email yesterday from a friend of mine. The email was sent to a wide list of let’s say “liberty-minded people” and webmasters associated with very popular sites. The link seemed shady so I texted him to ask if he had sent it. He hadn’t.
zerohedge.com / by Tyler Durden on 03/12/2014 15:51 -0400
Wall Street bonuses (on average) in 2013 rose 15% to the highest since 2007. As OSC Tom DiNapoli notes, “Securities industry employees took home significantly higher bonuses on average… although profits were lower than the prior year.” In fact, as we noted earlier,profits at the banks fell 30%.
Average compensation for securities industry professionals in New York City ($360,700) were 5.2 times greater than the rest of the private sector ($69,200).
High-speed telecommunications provider Perseus Telecom and digital currency trading platform Atlas ATS formally launched Wednesday a globally integrated bitcoin exchange system in New York, Hong Kong and Singapore to facilitate trading in the digital currency by high-frequency trading firms and other large financial institutions.
Today David Stockman spoke with King World News about the escalating crisis in Ukraine, gold, and a terrifying “financial and economic volcano.” KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse. Below is what Stockman had to say in part I of a series of powerful interviews that will be released today.
Eric King: “David, gold is up $20 today and I couldn’t help but notice that the U.S. Dollar Index is beginning to lose its grip on the 80 level — we’ve fallen to 79.5 on that index.”
Stockman: “I think there is a lot of insanity loose in the world, particularly in Ukraine. What the U.S. government and the Western European capitals are doing is stupid and dangerous….
zerohedge.com / by Tyler Durden on 03/12/2014 15:26 -0400
Despite the relentless protests of Kiev, and of course the G7 group of world’s most indebted nations, in the past two weeks Vladimir Putin once again succeeded in outplaying the west and annexed the Crimea penninsula without firing a single shot (granted there is still potential for material situational deterioration, one which would involve military participation by NATO whose outcome is not exactly clear). The market has “priced in” as much, with prevailing consensus now dictating that Russia will preserve its foothold in the Crimea however without additional attempts for annexation: certainly Poland is hoping and praying as much.
"The best raw material to hold in my opinion is silver. That’s what I felt 30 years ago and is what I feel today. Silver one of the very few commodities that the average person is capable of holding in his own possession. In particular, the US Mint makes the most beautiful and popular coin in the world in the form of the US Silver Eagle. So popular is this coin that I am still convinced that someday the US Mint will not be able to keep up with demand and the premiums on these coins will explode when the US Mint stops producing them. The way the world is going it appears that all the trends point towards greater silver demand. It looks to me that everything in the future will run on electricity, of which silver is the best conductor. Throw in the tremendous appeal and growth of solar panels and it’s hard to foresee how silver won’t be a raw material superstar." - Israel Freidman