Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters
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Some people in our community have wondered exactly whose side Jim Rickards is on. Many have recently argued he is nothing more than a mouthpiece for the globalists. Perhaps we should question anyone who is purporting that an SDR currency could be the solution. That is the solution for the globalist thieves. Meet the new boss, same as the old boss. Mr. Rickards was interviewed by Greg Hunter recently. The below are comments from our friend Jim Willie, whom we believe to be one of the best sources of information that doesn’t work for the parasitic cartel of banking thieves. Jim Willie’s work can be found at GoldenJackass.com
First we give you the interview with commentary and Dr. Willie’s rebuttals below
Jackass review with critique interspersed
The Chinese are hedging against not only the USDollar risk inherent to their vast reserves, but the entire global USD-based financial structure. / jw
◄$$$ RICKARDS ON HUNTER WATCHDOG SHOW SPOUTED ABOUT MANY TOPICS… HE DOES NOT EXPECT CHINA TO BE IN POSITION FOR YUAN TO ACT AS RESERVE CURRENCY… HE EXPECTS THE INTL MONETARY FUND TO BAIL OUT THE CENTRAL BANKS WITH OVER $4 TRILLION IN SDR BASKETS OFF THE PRINTING PRESS… RICKARDS DOES NOT FORESEE THE CHINESE LAYING THE GROUNDWORK FOR A RETURN TO THE GOLD STANDARD (WITH YUAN IN PRIMARY ROLE), AS HE ONLY SEES A USDOLLAR HEDGE. $$$
Jim Rickards is an interesting figure, author of a new book entitled “Death of Money” that has been well received. He is a culpable system wonk and serves a purpose while appearing as a maverick and friend of gold. The following are his thoughts put to prose, with my rebuttals in bold parentheses. The Islamic State, the emerging caliphate, is not a new concept, but rather an old fixture for centuries, now awakened. The USGovt has been caught off guard (nonsense, the USGovt actively revived it for their destabilization purposes after exiting Iraq, to use the wild card). Their guerrillas have captured equipment, and been supplied possibly by diverted Saudi arms. A risk of spectacular terror attack exists, including a risk from disruption of oil transport. The United States depends little on Gulf oil supply, but China and Europe depend heavily on the Gulf region for their oil, suddenly at risk. The crude oil market has 3 main factors currently working to provoke a price decline. 1) supply & demand equation slowing down, 2) geopolitical wild card not seen yet, 3) monetary policy giving us deflation. Rickards dislikes the black swan metaphor, and prefers the snowflake and avalanche, which signifies the accumulated risk. The Ebola virus presents a pandemic risk, but still is just a snowflake. It could grow to become a pile of snow, or to become an avalanche.
The financial markets can be taken down by unforeseen events. However, the many blunders to date are built into the system, already recognized, having happened, and factored in. Rickards cannot anticipate the timing of calamity, but the magnitude of the collapse can be foreseen. Rickards accuses Russia as having responded asymmetrically with cyber warfare, an example at Nasdaq in 2010. (But Russian virus traces could easily have been planted by Langley software experts. Langley has been improperly painting Iran and China for many years, to take blame for Langley’s own extensive work in cyber attacks.) People must realize that securities and assets are not money. People do not know what money is, which is cash or precious metals. If restrictions or market shutdowns occur, then they learn fast what is money and what are stuck assets. Rickards suggests to have 10% in gold & silver, as one asset class. Gold is not digitalized, has no counter-party, has no limitations like cash limits on withdrawal.
Notice all the Too Big To Fail banks have even greater concentration of assets than in 2008. It is therefore easier to lock down the few big banks if the goal is to limit withdrawals and access. The non-directional volatility in stock market is evident, big up and down moves on successive days. Rickards is certain of no rate hike by the USFed, as he is more afraid of deflation taking fast root. (Total agreement on ZIRP Forever.) Notice how Buffet bought several hard assets and sits on record level of cash (20%). A calamity is coming as certainty, but when it hits, it will be exponentially larger than any collapse in past. A progression is crystal clear. The 1998 LTCM failure was big, the 2008 Wall Street failure bigger, maybe in 2016-2018 the USFed will be in trouble with other major central banks for the biggest calamity. (USFed has been in deep trouble, near catastrophic trouble since the start of QE bond purchases.) Each crash is bigger, and each bailout bigger than the previous. The central banks are set to fail, but some entity must be ready and have huge potential to bail out the central banks.
zerohedge.com / by Tyler Durden on 10/21/2014 13:57
Once upon a time, in the distant 2005 and 2006, the world just couldn’t get enough of such subprime mortgage superstars as New Century Financial. In fact, some may have forgotten, but none other than David Einhorn was a director of New Century until March 2007, when suddenly everything fell apart and a few weeks later the company was bankrupt. The subprime collapse that followed, which contrary to Ben Bernanke’s promises was “not contained”, is what according to most catalyzed the plunge of the US economy into the greatest depression since 1929, led to the default of Lehman Brothers and nearly ended the financial system.
Fast forward to 2014, when the US has a new subprime servicing superstar, which just like in 2006, also happens to be a hedge fund darling. The company: Ocwen Financial (a name which originated when some drunk banker or executive spelled Newco in reverse) which currently is responsible for servicing over $106 billion in subprime mortgages. A darling so prominent among the hedge fund community, it was one of the most beloved hedge fund hotel stocks in late 2012 and 2013, and judging by its current list of holders, still has a plethora of who-is-who hedge and mutual fund holders.
news.goldseek.com / By Chris Mullen / 21 October 2014
Gold climbed $7.37 to $1253.47 in Asia before it fell back towards unchanged in London, but it then rose to a new session high of $1255.02 in early New York trade and ended with a gain of 0.18%. Silver rose to as high as $17.65 and ended with a gain of 0.4%.
Euro gold rose to about €982, platinum gained $11 to $1274, and copper climbed 5 cents to about $3.03.
Gold and silver equities rose about 2% at the open, but they then drifted back lower for most of the rest of trade and ended mixed.
theburningplatform.com / By Jim Quinn / 21st October 2014
According to the Credit Suisse Global Wealth Report, 41 percent of the world’s millionaires live in the United States. Japan comes a very distant second with 8 percent. This gap wasn’t always so pronounced – Japan’s millionaire population fell considerably in recent years while the United States has experienced a significant increase. Globally, Europe has the highest density of millionaires. France is home to 7 percent of them while Germany and the UK follow closely with 6 percent each.
zerohedge.com / by The Spatiotemporal Epidemiological Modeler (STEM) Project on 10/21/2014 15:13
Yesterday we reported that according to Peter Jahrling of the National Institute of Allergy and Infectious Disease – one of the top authorities in the world on Ebola – and who is on the front lines fighting Ebola disease in Liberia, there is something different about the current Ebola outbreak in that not only does it spread more easily than it did before, but the viral loads in Ebola patients are much higher than they are used to seeing. “I have a field team in Monrovia. They are running [tests]. They are telling me that viral loads are coming up very quickly and really high, higher than they are used to seeing…. It may be that the virus burns hotter and quicker.”
That is one observation on how different the current Ebola outbreak may be from the traditional fare. Another one comes courtesy of Operon Labs, which as cited in detail below, notes that “the current Ebola 2014 virus is mutating at a similar rate to seasonal flu (Influenza A). This means the current Ebola outbreak has a very high intrinsic rate of viral mutation. The bottom line is that the Ebola virus is changing rapidly, and in the intermediate to long term (3 months to 24 months), Ebola has the potential to evolve.”
The question is evolve into what?
Ebola 2014 is Mutating as Fast as Seasonal Flu
The current Ebola 2014 virus is mutating at a similar rate to seasonal flu (Influenza A). This means the current Ebola outbreak has a very high intrinsic rate of viral mutation. The bottom line is that the Ebola virus is changing rapidly, and in the intermediate to long term (3 months to 24 months), Ebola has the potential to evolve.
We cannot predict exactly what the Ebola virus will look like in 24 months. There is an inherent stochastic randomness to viral evolution which makes predictions on future viral strains difficult, if not impossible. One basic tenet we can rely on is this: Viruses tend to maximize their infectivity (basic reproduction number) within their biological constraints (Nowak, 2006).
blog.milesfranklin.com / Andrew Hoffman / October 21st, 2014
When we wrote the world is “coming apart at the seams” last week, we weren’t kidding! Watching Western “manipulation mechanisms” blatantly attempt to prevent universal realization that we have arrived at “2008, with one temporary exception,” it could not be clearer how close the end game is to arriving in full force. Yesterday, for example, as global stocks and sovereign yields plunged to new 52-week lows, the U.S. manipulators came in with a vengeance – at the same 10:00 AM EST “key attack time” as usual; i.e., when physical precious metal markets close and the Fed executes its daily “permanent open market operations.” Subsequently, gold was stopped by a prototypical “Cartel Herald” algorithm at its month-old “line in the sand” at $1,250/oz.; whilst the “Dow Jones Propaganda Average” reversed a 100-point decline via equally prototypical “dead ringer” algorithm; and, last but not least, the Fed instituted its “new Hail Mary trade” – of boosting plunging yields to prevent universal realization of the “most damning proof yet of QE failure.” Commodities and currencies crashed nonetheless, and not a shred of positive news was to be seen. Only propaganda as far as the eye can see, such as this horrific sign-of-the-times – of a President lying in Orwellian fashion.
Clearly, market manipulation has taken an exponential step forward on its inevitable crash course with catastrophic failure. The moral hazard created is simply astonishing; as just before October’s carnage, the remaining “hedge bombs” were more equity-long that at any time since the 2007 top – at valuations challenging their highest ever, amidst the most dangerous geopolitical, economic and financial environment in decades.
wolfstreet.com / by Wolf Richter / October 21, 2014
One of the threats, or perhaps the threat, hanging over the EU due to the sanctions fiasco has been the possibility that Russia could shut down the pipelines and stop deliveries of natural gas to European countries. It would be a way to escalate the crisis and force a solution of one kind or another.
It would do enormous damage to the Russian economy. What are they going to do with the gas that gets pumped on a daily basis to Europe, and particularly to the largest consumer, Germany? Inhale it? Because there is no infrastructure in place to export that gas in those large quantities to other customers that are not part of the pipeline system. It would cut foreign exchange earnings and government receipts. It would devastate Russia’s natural gas industry. And it would curtail any desire by other countries to ever rely on Russia’s energy exports.
But it wouldn’t be a big deal in Europe, said Günther Oettinger, European Commissioner for Energy, when the Commission released its gas “stress test” last Thursday that had ostensibly been designed to test what would happen if Russia stopped pumping gas to Europe for six months over the winter.
“For the very first time, we have a complete picture of the risks and possible solutions,” Oettinger said. Sure, some countries, particularly Estonia and Bulgaria, would have problems, but…. “If we work together, show solidarity and implement the recommendations of this report, no household in the EU has to be left out in the cold this winter.”
libertyblitzkrieg.com / By Michael Krieger / Oct 21, 2014
The sickening transformation of these United States into a authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has been a key theme of my writing since well before the launch of Liberty Blitzkrieg. One of the posts that shocked and disturbed readers the most was published a little over a year ago, and titled:American Police Make an Arrest Every 2 Seconds in 2012. In the event you never read it, I suggest taking a look before tackling the rest of this piece.
Fast forward to fall 2014, and the Wall Street Journalhas a powerful article about how children in schools systems across the U.S. are being arrested or turned over to police custody for doing things that children have always done since the beginning of time. Things such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.
As a result of our insane societal obsession with authority and disproportionate punishment, the WSJ reports that “nearly one out of every three American adults are on file in the FBI’s master criminal database.”
A generation ago, schoolchildren caught fighting in the corridors, sassing a teacher or skipping class might have ended up in detention. Today, there’s a good chance they will end up in police custody.
zerohedge.com / by Tyler Durden on 10/21/2014 11:36
You know there’s a problem with the media when Al-Jazeera is trusted more than NBC, CNN, and MSNBC. As Pew research’s Journalism Project shows in the following table, the study attempted to measure not just whether people had heard of a variety of news sources, but which ones they really trusted when it came time to get straight info about politics and governments.
October 21 (King World News) – “On this day in 1879, according to popular and corporate folklore, a major event in world history occurred. In a small, designed, industrial park in New Jersey, Thomas Alva Edison used a vacuum and a special filament to make the world’s first incandescent light bulb – – and the world and the workplace would never be the same again.
Oh sure, a guy named Joseph Swan had produced an incandescent bulb in England a year earlier. But, in later patent suits, Edison and others would claim it was a laboratory oddity – – not a working invention. So for 22 years Edison would fight Swan and public indifference trying to make the light bulb important. And, after losing money for two decades; building power stations for the invention nobody wanted – – the darn thing caught on.
It caught on so well that by 1929 it had changed the world enough to inspire, on this day, a grand 50th Anniversary. So grand that Edison’s friend, Henry Ford, tried to buy Independence Hall from the Philadelphia fathers and have it shipped to Michigan for the anniversary. When Philadelphia declined, Ford had an exact replica produced and filled it with Edison inventions.
Like lots of folks, Edison was done in by the kindness of friends and collapsed while trying to live up to the grand plans of the 50th celebration that October 21st. He never fully recovered and died two years later – – just three days short of the date. Hung up on the 21st, the entire American nation marked his passing by turning out every light in the country at 9:59 p.m. Eastern Time (October 21st, 1931).
davidstockmanscontracorner.com / by Robert Parry via consortiumnews.com / October 21, 2014
The West’s case blaming Russia for the shoot-down of a Malaysia Airlines plane over Ukraine last July appears to be crumbling as the German foreign intelligence agency has concluded that the anti-aircraft missile battery involved came from a Ukrainian military base, according to a report by the German newsmagazine Der Spiegel.
The Obama administration and other Western governments have pointed the finger of blame at Russia for supposedly supplying a sophisticated BUK missile system to ethnic Russian rebels in eastern Ukraine who then allegedly used the weapon on July 17 to shoot down what they thought was a Ukrainian military plane but turned out to be Malaysia Airlines Flight 17, killing all 298 people onboard.
The Russians denied providing the rebels with the weapon and the rebels denied shooting down the plane. But the tragedy gave the U.S. State Department the emotional leverage to get the European Union to impose tougher economic sanctions on Russia, touching off a trade war that has edged Europe toward a new recession.
But now the narrative has shifted. The German intelligence agency, the Bundesnachrichtendienst or BND, asserted that while it believes rebels were responsible for shooting down the plane, they supposedly did so with an anti-aircraft battery captured from a Ukrainian military base, according to Der Spiegel.
The BND also concluded that photos supplied by the Ukrainian government about the MH-17 tragedy “have been manipulated,” Der Spiegel reported. And, the BND disputed Russian government claims that a Ukrainian fighter jet had been flying close to MH-17 just before it crashed, the magazine said.
The recovery from the lows after Bullard spoke yesterday is another reminder how addicted markets still are to liquidity. Indeed in today’s pdf we reprint and update a table from our 2014 Outlook showing the various phases of the Fed’s balance sheet expansion and pausing over the last 5-6 years and its impact on equities and credit. We have found that the relationship broadly works best with markets pricing in the Fed balance sheet move just under 3 months in advance. We’ve also included our oft-used chart of the Fed balance sheet vs the S&P 500 to help demonstrate this. So end July / early August 2014 was always the time that this relationship suggested markets should enter a new more difficult phase. So we still think central bankers hold the key to markets going forward and there seems to be a hint of change in the Fed.
In China they say if you wait long enough by the river bank you will see the body of your enemy float past. Hedge fund manager Jim Chanos has been patiently waiting four years for the Chinese economy to implode and it has not happened yet. In this Bloomberg interview with Stephane Ruhle he has more to say about Brazil and Petrobras than China but still maintains…
‘I think it (China) is the largest credit bubble going on in the globe right now and one of the largest in history. It’s an economic experiment that I think is completely untethered from reality, and I think it’ll have implications for both economics, finance and national security going forward’…
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 21, 2014
Over recent days there have been plenty of statements about the winter supplies of Russian gas to Europe. Majority of these fall to one side of the argument, alleging that Russia is likely to cut off gas shipments to Europe via Ukraine.
Here are the facts, strongly indicating an entirely different possibility.
Fact 1: Allegations. At the end of August, Euractive reported that “Europe faces the increasing threat of a disruption to gas supplies from its main provider Russia this winter due to the crisis in Ukraine.” (link)
But when you read beyond the headline, you get something entirely different. “Ukrainian Prime Minister Arseny Yatseniuk said today (27 August) Kyiv knew of Russian plans to halt gas flows this winter to Europe. “We know of Russia’s plans to block [gas] transit even to European Union countries this winter, and that’s why their [EU's] companies were given an order to pump gas into storage in Europe as fully as possible,” he told a government meeting, without disclosing how he knew about the Russian plans.”
So Yatsenyuk presented a conjecture – that incidentally boost his own agenda. Media reported it with zero questioning. Meanwhile, Russian officials denied the possibility of such disruption: “It’s unlikely that Russia would cut gas supplies. Ukraine will start siphon off it itself, as it has been the case in the past,” a senior source at the Russian Energy Ministry said.”
We have set the stage: Ukraine says Russia may disrupt supplies. Russia says Ukraine may siphon off gas destined for other buyers in order to satisfy its own needs.
zerohedge.com / by Tyler Durden on 10/21/2014 11:21
While President Obama has declared his experts say banning travel from the Ebola-stricken West African nations is not the optimal route to stopping the deadly virus’ spread in the US, Homeland Security has a different plan as Rep. John Conyers comments:
*U.S. SAID TO RESTRICT TRAVELERS FROM EBOLA REGION TO 5 AIRPORTS
*U.S. TRAVEL RULE WOULD AFFECT LIBERIA, SIERRA LEONE, GUINEA
Good thing Ron Klain is involved in the decision-making process… oh wait…
*TWO PEOPLE BRIEFED ON DHS PLANS COMMENT ON PENDING ANNOUNCEMENT
Indeed, the narrative of the virus functions as a cover story, to obscure corporate and government crimes.
The reference here is “Measuring pesticide ecological and health risks in West African agriculture…” Feb. 17, 2014, published in Philosophical Transactions of The Royal Society, by PC Jepson et al.
“The survey was conducted at 19 locations in five countries and obtained information from 1704 individuals who grew 22 different crops. Over the 2 years of surveying, farmers reported use of 31 pesticides…
“…certain compounds represented high risk in multiple environmental and human health compartments, including carbofuran, chlorpyrifos, dimethoate, endosulfan and methamidophos.
“Health effects included cholinesterase inhibition, developmental toxicity, impairment of thyroid function and depressed red blood cell count…”
The study also notes that “[p]esticide imports to West Africa grew at an estimated 19% a year in the 1990s…well ahead of the growth in agricultural production of 2.5%…” In other words, pesticides have flooded West Africa.
"It is also important for the State to inculcate in its subjects an aversion to any 'conspiracy theory of history;' for a search for 'conspiracies' means a search for motives and an attribution of responsibility for historical misdeeds." - Murray N. Rothbard, in The Anatomy of the State