- The storm is building and financial earthquakes are getting larger! There is no way out of this coming engineered calamity. The Illuminist PTB will start World War 3 using: false flag nuclear terrorism, Iran, North Korea, Pakistan…etc. This is to depopulate the sheeple, destroy the current world order and usher in their New World Luciferian Order, Global Fascist Police State.
Capitulation fever has swept global markets on triple fears of faltering recovery in the US, Chinese credit curbs and Europe’s intractable escalating debt crisis.
“It is the perfect storm,” said Andrew Roberts, credit strategist at RBS. “People have been too complacent about risky assets. This is a global deflation scare and people need to get ready for falls in US and European bond yields to 2pc.”
The global stock market sell-off continued for a third day on Friday. London’s FTSE 100 dropped 2pc to trade below 5,000 for the first time since last October. Germany lost 2.4pc, France 2.2pc, Japan 2.5pc, while Wall Street opened lower.
Investors shrugged off German approval of a $1 trillion (£700m) eurozone rescue package, doubtful that it can resolve the debt crisis. World equities are now heading for the biggest monthly fall since October 2008. Wall Street shares plunged 3pc on Thursday after new jobless claims in the US rose to 471,000 last week, the biggest jump in three months. The S&P 500 index of shares fell to 1080, triggering automatic stop-loss sales as it crashed through support on its 200-day moving average.
David Rosenberg from Gluskin Sheff said a fresh “train wreck” may be coming in the US mortgage market as rates on a wave of “option ARM” contracts reset upwards in September. This may compound a deflationary process already eating at the US economy as Washington’s fiscal stimulus wears off and the effects of a stronger dollar feed through. Core inflation has dropped to the lowest since 1964.
Meanwhile, monetary tightening in China has begun to set off tremors. Shanghai’s bourse has tumbled 20pc since mid-April (or 58pc from its 2007 peak), dragging down oil and base metals. This may prove more than a refreshing pause. Ben Simpfendorfer, RBS’s China economist, said credit tightening since April was needed to cool the property bubble, but “regulatory tightening is not a precise science and there is a risk the measures cause an abrupt correction in property prices and construction. It might be that China provides the next surprise.”
Goldman Sachs said that there were signs “beneath the radar” that China may be slowing, citing reports that property sales had dropped 80pc in Beijing in the first half of May compared to a month earlier.
Above all, nothing has been resolved in Europe. The short-ban on bond trades this week by Germany’s regulator BaFin comes as the Libor-OIS spread used to gauge strains in the interbank market flashes warning signs, rising to a nine-month high of 25 basis points. The iTraxx Crossover measuring corporate bond risk jumped 45 points to 620 yesterday. “The way the market is behaving right now suggests that investors are getting set for something nasty to happen,” said Suki Mann from Societe Generale.
Regulatory clamp-downs are often symptomatic of stress. Wall Street crashed 28pc over eight days after the US Securities and Exchange Commission imposed a short ban in September 2008. While BaFin’s move has been dismissed political posturing, the story may be more complicated.
An internal BaFin note in February said German banks held €522bn of exposure to state bonds in Portugal, Italy, Ireland, Greece and Spain. It warned of “violent market disruptions” if contagion spread beyond Greece, triggering a “downward spiral in these countries, as in the case of Argentina”.
Investors are baffled by the cacophony of voices in Europe. A day after German Chancellor Angela Merkel said the euro was in “existential danger”, French finance minister Christine Lagarde replied that “the euro is absolutely not in danger”. Details of last week’s EU summit confirm early reports that Ms Merkel was ambushed by a French-led bloc, agreeing to demands for a €750bn rescue package for Club Med under duress.
Karl Otto Pöhl, ex-head of the Bundesbank, told Der Spiegel that the bail-out offers no help to Greece. The country can never repay its debts and needs “partial” forgiveness. “This was about was about protecting German banks, especially the French banks, from debt write-offs,” he said.
- Gold is real money for 5000+ years. Where are the Roman, Babylonian, Assyrian… currencies? They have disappeared with the downfall of their empires. But gold has remained and will remain for a long time as money. The world is heading towards a ginormous economic, financial and monetary collapse! It will likely come about by Q4 2010.
- The Illuminist PTB are once again triggering their World War plan to distract the sheeple and execute a mass culling! Note the forces massing up in the Persian Gulf and the rhetoric over North Korea. When war starts, all currencies will be debased to support the war. Accumulate physical gold/silver before the sheeple wake up and a massive stampede drives prices up astronomically!
Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920.
Exchange-traded products backed by bullion added 41.7 metric tons in the week to May 14, the most in 14 months, data from UBS AG show. China, Australia and the 15 other largest mining nations averaged weekly output of 41.6 tons last year, researcher GFMS Ltd. estimates. Even though prices have fallen 4.6 percent to $1,191.65 from a record $1,249.40 an ounce May 14, the median in a Bloomberg survey of 23 traders, analysts and investors shows it will reach $1,500 by the end of the year.
Buying accelerated as the MSCI World Index of 23 developed nations’ stocks tumbled as much as 16 percent since mid-April and the euro weakened to a four-year low against the dollar. Holders of ETPs, including George Soros and John Paulson, accumulated a record 1,938 tons by May 21, eclipsing all but four of the biggest central-bank holdings.
“You could see gold go up another $1,000,” said Evan Smith, who helps manage $2 billion at U.S. Global Investors Inc. in San Antonio and in 2006 correctly predicted that gold would reach $700 within two years. “All of the turmoil and problems we’ve seen in Europe is just another reminder that there’s a lot of value in gold as a safe haven.”
‘Afraid of Debasement’
While gold is favored by investors when the dollar weakens and inflation gains, the metal can also advance at other times. Gold rose 5.8 percent in 2008 as U.S. consumer prices gained 0.1 percent. The metal added 18 percent in 2005 when the U.S. Dollar Index, a measure against six counterparts, advanced 13 percent. Gold rose 8 percent this year as the U.S. Dollar Index jumped 11 percent. U.S. consumer prices dropped in April.
“People are afraid of the debasement of all the currencies,” said Peter Schiff, president and chief global strategist for Darien, Connecticut-based Euro Pacific Capital, whose clients have more than $2 billion in assets. “What’s surprising is that gold is still as low as it is,” he said, predicting $5,000 to $10,000 an ounce in the next five to 10 years.
Since the last week of April, ETPs have been adding bullion at a pace not seen since the first quarter of 2009, in the wake of the collapse of Lehman Brothers Holdings Inc. Buying rose as European policymakers agreed on an almost $1 trillion emergency loan package to prevent sovereign defaults.
Half the Peak
Assets in gold-backed products increased 18.3 tons last week, according to UBS data. The bank revised its estimate for the previous week’s holdings. Gold is still at half the peak set in 1980, after adjusting for inflation. Then, prices rose to $850, equal to $2,266 today, according to a calculator on the website of the Federal Reserve Bank of Minneapolis.
Supply from mines, which peaked in 2001, fell in five of the last eight years, data from London-based GFMS show. Companies are digging deeper to extract dwindling reserves, with mines in South Africa extending as far as 2.35 miles (3.8 kilometers) down.
Investment, including bars and coins, almost doubled to 1,901 tons last year, exceeding jewelry demand for the first time in three decades, according to GFMS. Jewelry will jump 19 percent to 2,100 tons this year and industrial use 8 percent to 398 tons, Sydney-based Macquarie Group Ltd. says.
Muenze Oesterreich AG, the Vienna-based mint that makes the Philharmonic, the best-selling gold coin in Europe and Japan, on May 12 said it had sold 243,500 ounces since April 26, more than the 205,300 ounces sold in the entire first quarter.
Central banks and governments are also buying gold, adding 425.4 tons last year, for a combined 30,116.9 tons, the most since 1964 and the first expansion since 1988, data from the World Gold Council show. Official reserves of central banks and governments may expand by another 192 to 289 tons this year, according to CPM Group, a research and asset-management company in New York.
“The second half of this year will likely show very anemic growth on a global basis,” he said. “The crisis in Greece is going to spread to Spain and it’s going to be very difficult to deal with. They are bailing out debt with more debt and it isn’t sustainable. It’s a wonderful scenario for gold.”
Billionaire John Paulson’s New York-based Paulson & Co. hedge fund is the SPDR gold trust’s biggest investor, with 31.5 million shares, or about 96 tons, a May 17 regulatory filing showed. Kyle Bass, the head of Dallas-based Hayman Advisors LP who made $500 million in 2007 on the U.S. subprime collapse, bought gold this month, according to a letter to clients.
- The sinking of the Cheonan is very likely a false flag attack engineered by Illuminist intelligence forces of the Anglo-American-Zionist hegemony. The Satanic cabal is setting up the world for their Satanic World War 3 plan. Obama is gathering a huge armada in the Persian gulf in preparation of war with Iran. Pakistan is being dismembered and used as the bogeyman to trigger a South Asia War: India-Pakistan-China. The North Koreans are setup as the fall guy for a planned war against China.
- Why would the North Koreans use a German torpedo? Why are the recovered torpedo fragments covered with so much rust, after only a short period of time? Why are the initial findings that it is German-made totally ignored? Scott Creighton presents more evidence to suggest that we are being lied to yet again. (See also: The unofficial North Koreans’ View Point: Pyongyang sees US role in Cheonan sinking)
So lets take a look at all the “overwhelming” and “irrefutable” evidence. 1. Someone wrote “number 1.” on one single piece of the salvaged torpedo… 2. they claim the torpedo remains are a “perfect match” of a North Korean type of weapon, a “CHT-02D” torpedo. This conclusion was reached via an international research team from US, the UK, Australia, and Sweden. …. That’s it. That’s all their “evidence” that the international investigators presented in their UNSIGNED report. That’s right, no one knows who the “investigators” were since they didn’t take the time to sign their work.
A Perfect Match?
This is the presentation refered to in the paper linked above. They mention that during a presentation of their findings, they showed the schematics of a CHT-02D torpedo in relation to the evidence they found. They claimed in their investigation that these are a “perfect match ….. (see picture top of post). This is by no means a “perfect match”. No wonder they didn’t want to sign that “investigation” of theirs.
There are 4 clear differences in the design of these weapons and one is without a doubt, the key to proving these are not the same.
* “A” & “D” – Here you can clearly see major differences in the design of the hub of the propellers. In the diagram above you can see it has a smaller hub whereas in the evidence below it, the hub is larger.
* “B” – The actual shape of the propellers is very different. You can see a notch in the diagram above that doesn’t exist in the actual evidence propeller below. The overall shape of the blades are vastly different as well, both the front and the rear propeller sets.
All of this might be explained away by suggesting that these propellers were switched out. Thought it might be possible, remember that these are finely tuned and designed systems; one just can’t switch these hub designs “willy nilly” like one would on their John-Boat. But, that aside, though it may be possible to have put different kinds of propellers on this fish, it is certainly NOT a “perfect match”. Now, the last point proves they are not the same torpedo.
* “C” - As you can plainly see, the stabilizers (or propulsion system?) in the diagram above are clearly shown IN FRONT of the separation plate as it is lined up in the display with the evidence below. However, the torpedo below houses that same stabilizer (or propulsion system) BEHIND the separation plate (separating the body and the tail section of the torpedo).
This is a major difference that cannot be explained by saying it was some kind of after market modification. This is part of a key design of the workings of these weapons and can not have been changed. This difference clearly indicates these are different weapons altogether.
(there are other differences that have been pointed out to this researcher; “Jan” noticed that the axle shape is tapered on the evidence and straight on the diagram. A good point. There are probably others as well (I noticed a difference in the shape of the “fin” in the guidance section in the back as well…. clearly there is no way to say these are a “perfect match”) It is no wonder the “investigators” chose not to sign their work.
The Forgotten Investigation
On May 6th, 2010 a report came out conducted by South Korea and others that said the torpedo’s metal and explosive residue indicated that it had come from a German origin.
The team of South Korean and foreign investigators found traces of explosives used in torpedoes on several parts of the sunken ship as well as pieces of composite metal used in such weapons, South Korea’s Yonhap news agency said quoting a senior government official.
… The metallic debris and chemical residue appear to be consistent with a type of torpedo made in Germany, indicating the North may have been trying to disguise its involvement by avoiding arms made by allies China and Russia, Yonhap quoted the official as saying. REUTERS News Agency
This report has been all but forgotten by the media and the Clinton led state department as they press for crippling sanctions and perhaps more. But there is a confirmation of sorts in the May 20th unsigned “investigation”.
The first thing they should do, rather than attempt to convince the people that the two are “perfectly matched” in design (when they clearly aren’t) is a chemical and metallic debris analysis of the evidence. The May 20th “investigation” does not make mention of this crucial part of the investigation at all… they don’t mention it at all.
The reason for that is clear; if they were to address these two key scientific points, they would have to have admitted that the science shows these pieces of evidence are of German construction and therefore not of North Korean origin. By ignoring these two important parts of the investigation, the May 20th paper confirms the earlier work of the May 6th study… the torpedo is of German origin
…. to continue reading click here!