Gold to Reach Parabolic Top of $10,000 by 2012 – Yes, $10,000 by 2012!

• I am bullish on gold because of the ongoing currency debasement by profligate governments. At some point in time, the world is going to see a currency crisis. This will be the global monetary meltdown I have been warning about. My feeling is that by Q4 2010, it will be obvious to everyone that the world is in trouble! The sheeple will flee to gold, paper assets will collapse, famine is brewing …. world war is on the horizon! In times on extreme distress, a phase change event occurs in the price of gold. It will go parabolic!
    
  Gold to Reach Parabolic Top of $10,000 by 2012 – Yes, $10,000 by 2012!
  … As I see it gold and silver’s parabolic rise will coincide with future sovereign debt defaults, currency inflation/devaluations and rampant asset price inflation. This should happen from mid 2011 thru 2012 with gold reaching a parabolic top of $10,000.
    ….
  THE CAUSES
  1. No History of Consequence
  Gold has only been trading unencumbered from backing fiat currencies since Nixon’s 1971 decision to stiff the French, etc. when trying to repatriate their paper dollars for the metal.  As such, there is little history of consequence (of value) to measure market action.
   
  2. Market Manipulation
  The Commodity Futures Trading Commission (CFTC) recently held a major hearing which blew the doors off the bullion metals trading markets – the “sleeper” which I predict will be viewed retrospectively as the gold price liberation event.
   
  We all knew JP Morgan Chase had been manipulating the metals markets on behalf of the FED and other central banks and this event proved it!  The hearing (specifically Jeff Christensen’s statements) inadvertently confirmed that trading has been occurring using naked shorts/no hedging and that there was little bullion (only about one ounce of metal for 100 ounces of a trade) backing up such trades should the holders ask for it rather than cash or roll their futures into other futures paper. This revelation was much worse than even critics, such as the Gold Anti-Trust Action Committee (GATA), had expected.
   
  3. Insufficient Physical Inventories
  It seems that the Asian and Mid East buyers and owners of bullion have been removing gold from the “normal” bank and bullion dealers vaults and taking it “home” thus leaving much less than previously thought in the London and New York and Toronto vaults. A case in point is that of a major metals investor in Toronto who finally got to view his stash of metal in the Scotia Macotta vault and noted that there wasn’t nearly enough metal to back up his certificates, even though he was paying storage and all kinds of other fees on his metal.
   
  The above begs the question: “Do these large ETF bullion funds actually have any or much bullion at all?” The answer is clearly that they do not and that, in the near future, when some serious speculators from Asia, Russia and the mid-East get their acts together, they will force the issue.
   
  THE EFFECT
  The revelation that there is insufficient physical inventory to meet this new demand for physical ownership of the actual bullion (i.e. show me the money!) is about to blow the price lid skyward.
   
  $10,000 per ounce by 2012
  This should happen from mid 2011 thru 2012 and I wouldn’t be surprised to see a US $10,000 per ounce top during this period!
   
  The 2008/2009 crash originated with the financial institutions which governments bailed out.  This time there is no institution – certainly not the IMF – to bail out the governments. Gold and silver metals and mining shares (the new Homestakes) will be the clear winners.
   
  Conclusion
  Call me nuts; assume I do too much reading; assume I don’t have access to appropriate reality checks; assume what you want – but I am increasingly confident that the fundamental realities of fragile sovereign debt, market manipulation, insufficient physical supply and the need for a safe haven investment refuge, will drive precious metals particularly, and commodities generally, dramatically higher in the not too distant future. Get yourself positioned to take advantage of this once in a lifetime ride.

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Dr. Deborah Cohen Exposes WHO Members’ Ties to Big Pharma!

Global Eugenics – Using Medicine To Kill !

• Should the video not display properly, try here : 
   
  http://vodpod.com/watch/3800762-global-eugenics-using-medicine-to-kill-

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The Bad News – Bad News on Jobs!

• Was last Friday’s jobs report of 441,000 jobs created really genuine? Obviously not. It is another obfuscation nd mis-direction by the PTB. Even in the census jobs created, there is alot of shenanigans. Workers are fired and then rehired to make the jobs created figure look good. Even the ‘Birth and Death’ statistical adjustments are a sham. Brett Arends explains:
    
  The news on jobs isn’t as bad as it seemed on Friday. It’s worse.
  President Obama and Treasury Secretary Geithner were trying to putting on a happy face, but the markets weren’t buying. They have tumbled worldwide since the latest payroll data. But instead of overreacting, the markets may only just be waking up to the real bad news.
   
  1. Look out ahead.
  We already know that when you strip out the short-term Census jobs, May’s jobs growth was a pitiful 41,000. But what people haven’t realized is that the leading indicators for June are even worse. TrimTabs Investment Research Inc. tracks the real-time jobs picture by monitoring income tax deposits at the Treasury. And these have suddenly started falling. Based on the latest data, the firm predicts the economy will actually lose up to 200,000 jobs, net, in June. “The big news is that we have a job loss of about 200,000 coming in June,” says Trim Tabs’ Madeline Schnapp, “and the market isn’t ready for it.”
    
  It’s not just the stock market. You can bet that the administration — and the country — isn’t ready either. Remember, we need to create about 100,000 just to keep up with population growth.
   
  2. One and a half million people have ‘disappeared’?
  The government says the unemployment rate “edged down” to 9.7% — keeping it below the politically sensitive 10% level. Read more jobs coverage. But that’s only because about one and a half million people have just, miraculously “disappeared” from the official labor force. A million and a half people disappearing? It sounds like a crazy conspiracy theory. But there it is, buried in the fine print of the government’s own data.
   
  From May 2009 to May 2010, the U.S. “civilian non-institutional population” of prime working age — 20 to 64 — expanded by one and a half million, 180.5 million to 182 million. Yet over the same period the official tally of the labor force over age 20 held steady at just 148 million. What happened to those extra people?
   
  The Bureau of Labor Statistics doesn’t have a full explanation. “We don’t have direct questions (in the survey) addressing that fact,” said a spokeswoman. But many of the disappeared are “unemployed who have decided not to look for work any more,” or who haven’t looked for work recently. Anyone who hasn’t actively sought a job in the last four weeks vanishes from the rolls.
   
  People dropping out completely are not a bullish sign — unless, perhaps, one is measuring the unemployment figures for the government.
   
  3. Some of the new “jobs” may not even exist
  That’s because they’re being counted by the Federal Department of Guesswork. Ever since 1994, say economists, Uncle Sam has been using some statistical, er, “adjustments” to the core jobs data to come up with the, er, “true” picture. It will surprise no one that these “adjustments” make the data look better, rather than worse. The government makes estimates about new companies being started up as well as jobs being lost.
   
  Those adjustments may be adding as many as half a million extra “jobs” to the core figure, says independent economist John Williams at Shadow Government Statistics.
    …..  
  4. The private sector picture may still be in recession
  Some recovery: The number employed in the private sector is still about 900,000 below where it was even a year ago, and about 8 million below where it was in 2007. And remember, it has to keep growing just to stand still, because the population is growing.
   
  “There’s practically no growth in private sector employment,” says Gluskin Sheff strategist David Rosenberg. Jobs growth was anemic even in the parts of the economy allegedly leading the recovery, such as manufacturing. And now, he says, many leading economic indicators have started to turn down again.
   
  The jobs growth is so slow, Rosenberg says, that by his calculations “it is going to take years, probably five to seven years, before we recoup the employment (lost) from the Great Recession,” he says. Five to seven years? “There’s a significant chance,” he adds, “that for the first time ever we will go into the next recession without having seen a new peak in employment.”

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Israel’s Cult of Victimhood: ‘Barefoot’ Soldiers on the High Seas!

Israeli soldiers being cared for by Mavi Marmara passengers. (internethaber.com)

• The Zionist Synagogue of Satan uses brain washing and mind control over the Jewish sheeple to further their murderous agenda. Jews are being brought up with the totally false belief that the gentile world is against them and is their enemy. The Holocaust is used repeatedly to reinforce the message: ‘The goy hates us and wants to eradicate us!’. This is the methodology of fear and hate again. It is psychological and emotional programming. They are being deceived !
   
• The Illuminists via their propaganda sorcery controls our view of the world. It is no different for the Jewish people. They are being blinded by the ‘god’ of this world. The God of the bible never promote fear and hate towards our fellowmen. God hates sin but loves the sinner. Any message that has fear and hate as prime motivators is not of God. It leads to violence and death. This is the end result Satan wants.
   
• The Zionist Synagogue of Satan is once again preparing the Jewish people for a Luciferian sacrifice in Palestine. Jews must wake up and denounce their enemies, traitors in their midst. Reject the Satanic ’666′ Star of David flag. Have nothing to do with the evil machinations of the Zionist state. It is a creation of generational Satanists.
   
  Why are Israelis so indignant at the international outrage that has greeted their country’s lethal attack last week on a flotilla of civilian ships taking aid to Gaza? Israelis have not responded in any of the ways we might have expected. There has been little soul-searching about the morality, let alone legality, of soldiers invading ships in international waters and killing civilians. In the main, Israelis have not been interested in asking tough questions of their political and military leaders about why the incident was handled so badly. And only a few commentators appear concerned about the diplomatic fall-out.
   
  Instead, Israelis are engaged in a Kafkaesque conversation in which the military attack on the civilian ships is characterised as a legitimate “act of self-defence”, as Prime Minister Benjamin Netanyahu called it, and the killing of nine aid activists is transformed into an attempted “lynching of our soldiers” by terrorists.
    
  Benny Begin, a government minister whose famous father, Menachem, became an Israeli prime minister after being what today would be called a terrorist as the leader of the notorious Irgun militia, told BBC World TV that the commandos had been viciously assaulted after “arriving almost barefoot”. Ynet, Israel’s most popular news website, meanwhile, reported that the commandos had been “ambushed”.
    
  This strange discourse can only be deciphered if we understand the two apparently contradictory themes that have come to dominate the emotional landscape of Israel. The first is a trenchant belief that Israel exists to realise Jewish power; the second is an equally strong sense that Israel embodies the Jewish people’s collective experience as the eternal victims of history.
    
  Israelis are not entirely unaware of this paradoxical state of mind, sometimes referring to it as the “shooting and crying” syndrome. It is the reason, for example, that most believe their army is the “most moral in the world”. The “soldier as victim” has been given dramatic form in Gilad Shalit, the “innocent” soldier held by Hamas for the past four years who, when he was captured, was enforcing Israel’s illegal occupation of Gaza.
    
  One commentator in Israel’s Haaretz newspaper summed up the feelings of Israelis brought to the fore by the flotilla episode as the “helplessness of a poor lonely victim, confronting the rage of a lynch mob and frantically realising that these are his last moments”. This “psychosis”, as he called it, is not surprising: it derives from the sanctified place of the Holocaust in the Israeli education system.
   
  The Holocaust’s lesson for most Israelis is not a universal one that might inspire them to oppose racism, or fanatical dictators or the bullying herd mentality that can all too quickly grip nations, or even state-sponsored genocide. Instead, Israelis have been taught to see in the Holocaust a different message: that the world is plagued by a unique and ineradicable hatred of Jews, and that the only safety for the Jewish people is to be found in the creation of a super-power Jewish state that answers to no one. Put bluntly, Israel’s motto is: only Jewish power can prevent Jewish victimhood.
   
  That is why Israel acquired a nuclear weapon as fast it could, and why it is now marshalling every effort to stop any other state in the region from breaking its nuclear monopoly. It is also why the Israeli programme’s sole whistle-blower, Mordechai Vanunu, is a pariah 24 years after committing his “offence”. Six years on from his release to a form of loose house arrest, his hounding by the authorities — he was jailed again last month for talking to foreigners — has attracted absolutely no interest or sympathy in Israel.
   
  If Mr Vanunu’s continuing abuse highlights Israel’s oppressive desire for Jewish power, Israelis’ self-righteousness about their navy’s attack on the Gaza flotilla reveals the flipside of this pyschosis.
    
  The angry demonstrations sweeping the country against the world’s denunciations; the calls to revoke the citizenship of the Israeli Arab MP on board — or worse, to execute her — for treason; and the local media’s endless recycling of the soldiers’ testimonies of being “bullied” by the activists demonstrate the desperate need of Israelis to justify every injustice or atrocity while clinging to the illusion of victimhood.
    
  The lessons imbibed from this episode — like the lessons Israelis learnt from the Goldstone report last year into the war crimes committed during Israel’s attack on Gaza, or the international criticisms of the massive firepower unleashed on Lebanon before that — are the same: that the world hates us, and that we are alone.
   
  If the confrontation with the activists on the flotilla has proved to Israelis that the unarmed passengers were really terrorists, the world’s refusal to stay quiet has confirmed what Israelis already knew: that, deep down, non-Jews are all really anti-Semites. Meanwhile, the lesson the rest of us need to draw from the deadly commando raid is that the world can no longer afford to indulge these delusions.
    
  - Jonathan Cook is a writer and journalist based in Nazareth, Israel. His latest books are “Israel and the Clash of Civilisations: Iraq, Iran and the Plan to Remake the Middle East” (Pluto Press) and “Disappearing Palestine: Israel’s Experiments in Human Despair” (Zed Books). His website is www.jkcook.net. He contributed this article to PalestineChronicle.com.

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