Socio-Economics History Blog

Socio-Economics & History Commentary

Arrigoni Documented Israeli Attacks on Palestinian Ambulance Workers: ‘The Most Heroic People I Ever Met’! So The Mossad Killed Him?!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.

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April 18, 2011 Posted by | GeoPolitics | , , , , , , | Comments Off

University of Texas Investment Company Took Physical Delivery of US$1B In Gold Bars!

He who has the gold makes the rules!

  • The word is getting around, there is insufficient gold bars backing up all the paper gold which has been sold. As much as 100x of paper gold have been sold for every gold bar that exist! Massive fraud is about to be exposed and it will bring down banks. Big investors are waking up and are running towards physical gold and silver! This will in all likelihood be the tipping point for a hyperbolic launch in the price of gold !
     
    Shortage Threat Drives Texas Schools Hoarding Bullion at HSBC
    By David Mildenberg and Pham-Duy Nguyen, Bloomberg News
    Dallas hedge-fund manager J. Kyle Bass helped advise the University of Texas Investment Management Co. on taking delivery of 6,643 gold bars, worth $987 million on April 15, now stored in a bank warehouse in New York. Bass, who made $500 million with 2006 bets on a U.S. subprime-mortgage market collapse, said managers of the endowment, known as UTIMCO, sought board approval to convert its gold investments into bullion this year. A board member, Bass, 41, said he was asked to help with that process.
     
    While Bass, a managing partner at Hayman Capital Management LP, said in an April 16 e-mail that “the decision to purchase and take delivery of the physical gold” was made by endowment staff members, “I helped where I could.” Gold futures touched a record $1,489.10 an ounce April 15 in New York before closing at $1,486.
     
    The Texas fund’s $19.9 billion in assets ranked it behind only Harvard University’s endowment as of August, according to the National Association of College and University Business Officers. Last year, UTIMCO added about $500 million in gold investments to an existing stake, said Bruce Zimmerman, the endowment’s chief executive officer. The fund’s managers sought to take delivery of bullion to protect against demand for the metal overwhelming supply, according to Bass.
     
    Open interest in gold futures and options traded on the Comex typically exceeds supplies held in its warehouses. If the holders of just 5 percent of those contracts opted to take delivery of the metal, there wouldn’t be enough to cover the demand, Bass said. 
     
    Printing Money
    “If you own a paper contract where they can only deliver you 10 cents on the dollar or less, you should probably convert it to physical,” said Bass, who isn’t related to Fort Worth’s billionaire Bass family. He said holding cash wasn’t a better choice because the rate of inflation exceeds money-market rates by 2.5 percent to 3 percent, eroding the value of cash.
     
    “Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said April 15 in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”
     
    Sovereign-debt concerns also boosted demand for the metal on April 15, driving Comex futures to an all-time high. The price has climbed 28 percent in the past year.
     
    Gold’s 10-year rally has attracted billionaire investors such as George Soros and John Paulson, who seek a store of value as record-low interest rates erode returns on currencies.
     
    … to continue reading click here!

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April 18, 2011 Posted by | Economics | , , , , , | Comments Off

China Tells Banks to Boost Reserves as Prices Surge!

  • Inflation is kicking up big time around the world. Rising prices in China will reverberate around the world as China is the factory to the rest of the world. The actions taken by China will result in a real estate crash, IMO. Property prices for the past few years have been rising at a ridiculous unsustainable pace. Where will the Chinese put their money? Gold and silver are the obvious answer! Rising  inflation across the world is a direct consequence of the FedRes’ money printing! The FedRes’ actions are destabilizing the world, intentionally of course.
     
    China Tells Banks to Boost Reserves as Prices Surge
    Bloomberg News
    China increased banks’ reserve requirements to lock up cash and limit inflation after economic growth exceeded forecasts and consumer prices rose by the most since 2008. Reserve ratios will rise a half point from April 21, the People’s Bank of China said in a one-sentence statement on its website today. The move, taking the requirement to 20.5 percent for the nation’s biggest lenders, came less than two weeks after the central bank boosted benchmark interest rates.
     
    Inflation accelerated to 5.4 percent in March and gross domestic product expanded 9.7 percent in the first quarter, a statistics bureau report showed two days ago. Central bank Governor Zhou Xiaochuan said yesterday that monetary tightening will continue for “some time” and he sees no “absolute” limit on how high reserve requirements can go.
     
    “Beijing did not take long to respond to the strong inflation number on Friday,” said Brian Jackson, an emerging markets strategist at Royal Bank of Canada in Hong Kong. “Today’s move suggests that another increase in interest rates is on the way soon.” He predicts two more rate moves this year, calling Zhou’s tone “hawkish.”
     
    Extra liquidity from central bank bills maturing this month may have encouraged the fourth increase in reserve requirements this year. Today’s move may drain about 350 billion yuan ($54 billion) from the financial system, according to Bank of America Merrill Lynch.
     
    ‘Overheating Pressures’
    Premier Wen Jiabao aims to cool inflation without choking off growth in the world’s second-biggest economy. The International Monetary Fund says Asian economies risk boom-bust cycles if officials fail to tighten quickly enough to curb “nascent overheating pressures.”
     
    China is grappling with the aftermath of a record 17.5 trillion yuan of lending over 2009 and 2010 that drove up property prices, leading to official concern at the risk of social discontent. Taming inflation is the government’s top and “urgent” priority, China’s cabinet said after meeting in Beijing to review the performance of the world’s second- biggest economy ahead of the release of gross domestic product numbers.
     
    Wen aims to hold inflation at 4 percent for the full year. While rising commodity costs are adding to price pressures, tightening measures and comparisons with higher year-earlier bases are likely to slow price gains in the second half of the year, according to HSBC Holdings Plc.
     
    … to continue reading click here!

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April 18, 2011 Posted by | Economics | , , , | Comments Off

Alex Jones: Big Brother Unveils Online ID System to Track Your Every Move!

All scams are based on deception and mis-direction! "666" is coming!

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April 18, 2011 Posted by | EndTimes, GeoPolitics | , , , , , , | 2 Comments

Stewart Rhodes of Oath Keepers: Getting off The Globalists Chessboard !

April 18, 2011 Posted by | GeoPolitics | , , , , , , , | Comments Off

Alex Jones: The Globalist Are A Criminal Ruling Class!

April 18, 2011 Posted by | GeoPolitics | , , , , | Comments Off

Flashback Mike Maloney: Silver – The Next Gold? $100/oz Is No Brainer!

April 18, 2011 Posted by | Economics | , , , , , , , , | Comments Off

Bob Chapman: The People In Power Are Certifiably INSANE! They Want 80% of Us Dead !

April 18, 2011 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Comments Off

Physical Silver Shortage Confirmed, Engineered Economic Collapse, World Currency, World Government …

April 18, 2011 Posted by | Economics | , , , , , , , , , , , , , | Comments Off

Radiation 20 TIMES Higher In Air, Water & 14 States Drinking Water While EPA Raises “Normal” Levels?

April 18, 2011 Posted by | Disaster | , , | Comments Off

   

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