Forbes: Why the FedRes Fueled the Gold Fall !

Ron Paul on Gold: No One Knows Value; I’m Buying!

• Published on Apr 23, 2013
  April 23 (Bloomberg) — Ron Paul, Former Congressman from Texas, discusses his views on gold, central banks, and the weakened Republican Party. He speaks on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)

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Paul Craig Roberts: Washington Signals Dollar Deep Concerns!

• Paul Craig Roberts: Washington Signals Dollar Deep Concerns! 
  by http://www.paulcraigroberts.org/ 
  Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).
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  Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.
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  Quantitative Easing has been underway since December 2008.  During these 54 months, the Federal Reserve has created several trillion new dollars with which the Fed has monetized the same amount of debt.
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  One result of this policy is that most real US interest rates are negative. Another result is that the supply of dollars has outstripped the world’s demand for dollars.
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  These two results are the reason that the Federal Reserve’s policy of printing money with which to purchase Treasury bonds and mortgage backed derivatives threatens the dollar’s exchange value and, thus, the dollar’s role as world reserve currency.
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  To be the world reserve currency means that the dollar can be used to pay any and every country’s oil bills and trade deficit. The dollar is the medium of international payment.
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  This is very helpful to the US and is the main source of US power.  Because the dollar is the reserve currency, the US can cover its import costs and pay for its cost of operation simply by creating its own paper money.
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  If the dollar were not the reserve currency, Washington would not be able to finance its wars or continue to run large trade and budget deficits.  Therefore, protecting the exchange value of the dollar is Washington’s prime concern if it is to remain a superpower.
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  The threats to the dollar are alternative monies–currencies that are not being created in enormous quantities, gold and silver, and Bitcoins, a digital currency.
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  The Bitcoin threat was eliminated on May 17 when the Gestapo Department of Homeland Security seized Bitcoin’s accounts. The excuse was that Bitcoin had failed to register in keeping with the US Treasury’s anti-money laundering requirements.
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  Washington has stifled the threat from other currencies by convincing other large currencies to out-print the dollar.  Japan has complied, and the European Central Bank, though somewhat constrained by Germany, has entered the printing mode in order to bail out the private banks endangered by the “sovereign debt crisis.”
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  That leaves gold and silver. The enormous increase in the prices of gold and silver over the last decade convinced Washington that there are a number of miscreants who do not trust the dollar and whose numbers must not be permitted to increase.
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  read more!

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Jim Rogers Asks “Whether Obama Is Delusional Or Lying” ?!

Lindsey Williams on Radio Liberty with Dr. Stan Monteith – 1st May 2013 !

Click on image to purchase DVD!

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Lindsey Williams: Global Currency Metdown in 18 Months?

Click on image for radio interview MP3 file!

• Time Out with Kevin Gallagher on 7 May 2013. Topics:
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  - The Illuminati elites are ready to launch the final form of their New World Order. One World Currency backed by gold, World Government …
  - We have about 18 months before a global financial, economic and currency collapse. It will be triggered by the collapse of the financial derivatives market.
  - The elites are expecting and preparing for unrest in America in 2015.
  - Their gun control/confiscation plan using SandyHook has backfired spectacularly.
  - Their actions to scare the sheeple away from gold/silver have also backfired spectacularly.
  - They plan to steal the sheeple’s money (as in Cyprus) but using other methods. Like stealing pension, retirement funds, 401k ….
  - and many more issues!

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John Hathaway: The Physical Gold Market Is On Fire Right Now!

Remember the Golden Rule: He who has the gold makes the rules!

• Hathaway – The Physical Gold Market Is On Fire Right Now! 
  by www.kingworldnews.com
  With continued uncertainty in the gold and silver markets, today John Hathaway told King World News that the physical market for gold is on fire.  Hathaway also told KWN that large numbers of orders for physical gold are experiencing delays.  Hathaway, of Tocqueville Asset Management L.P., is one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating. 
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  Eric King:  “John, what are you hearing about the physical market for gold?”
  Hathaway:  “Well, it’s just gangbusters.  You hear about shortages of coins.  Sometimes that can be attributable to the mints not having enough equipment.  Bars, the same thing.  I read recently that more than half of the gold which has been ordered has been on a delayed delivery of some sort. Everything I get confirms the activity is overwhelmingly on the buy side….
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  read more!

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RBA Sucked into an Undeclared Currency War! South Korea Latest to Cut Interest Rates!

No currency war! Yeah right! Only competitive currency devaluations!

• South Korea Is the Latest to Cut Interest Rates! 
  by BETTINA WASSENER, http://www.nytimes.com/ 
  HONG KONG — The South Korean central bank surprised analysts on Thursday by trimming interest rates by a quarter of a percentage point — the latest central bank to cut rates in the face of tepid growth.
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  Australia, Europe and India have all lowered borrowing costs this month in a bid to oil the wheels of faltering economic activity.
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  The euro zone is still haunted by its festering debt crisis, while in Asia, the giant Chinese economy is in the midst of a major transition that entails slower growth driven more by domestic demand. In addition, economists have said the constant saber-rattling from North Korea may take a toll on sentiment.
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  In trimming rates to their lowest level since early 2011 — the cut took the base rate to 2.5 percent — the central bank in Seoul joined growth-bolstering efforts by the government, which on Tuesday signed off on plans for billions of dollars’ worth of additional stimulus spending to prime the economic pump.
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  The “sluggishness of economic activities in the euro area” has deepened, the Bank of Korea said in a statement accompanying its rate decision, while economic indicators in emerging-market countries like China “have been weaker than initially anticipated.”
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  For South Korea, the weakening of the currency in Japan, whose companies are major competitors to South Korean exporters in many areas, adds to the pain of an already tough trade environment. The yen has fallen sharply against major currencies, including the South Korean won, in the wake of efforts by the Japanese government and central bank this year to combat persistent deflation and reinvigorate growth.
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  read more!
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• RBA sucked into an undeclared currency war! 
  by Alan Kohler, http://www.abc.net.au/news/thedrum/
  Australia’s domestic economic conditions do not, in aggregate, justify a rate cut but the currency does, writes Alan Kohler.
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  With a resigned sigh, Reserve Bank governor Glenn Stevens has been forced by Mario Draghi and Shinzo Abe to get out his trusty popgun and join the currency wars.
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  Cannons are booming across oceans – interest rates at zero, cash ordnance pouring into the financial system. “Take that,” squeaks the RBA, popping the cash rate by 0.25 per cent to 2.75 per cent.
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  The other factor forcing its hand is the deposit wars among the Australian banks, which has kept both deposit and lending rates relatively high and muted the effect of monetary policy.
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  It has nothing to do with the economy being in the same swamp it was the last two times that interest rates were this low, in 2009 and 1960. It is, as always, not as good as the Government says it is and not as bad as the Opposition says it is, although the latter is more correct than the former.
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  But domestic economic conditions do not, in aggregate, justify a rate cut. As Glenn Stevens said in yesterday’s statement, growth is “a bit below trend” and unemployment remains “relatively low”. But the currency does justify it.
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  The exchange rate is “unusual given the decline in export prices and interest rates” said the governor, master of the understatement. In fact it has been stable for two years, apart from a short-lived correction in each year as global growth slowed.
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  Stevens’ hand was forced by last week’s rate cut by the European Central Bank (ECB) and, more importantly, the statement by its president Mario Draghi that they had an “open mind” about negative interest rates – that is, charging the banks to park money with the ECB.
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  read more!

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Billionaire Paul Singer: The U.S. Has A Big Debt Problem And The FedRes Is Making It Worse!

Don’t you see the Illuminist pyramid and Satanic capstone on your dollar bill?

• Billionaire Paul Singer: The U.S. Has A Big Debt Problem And The FedRes Is Making It Worse! 
  by Agustino Fontevecchia, http://www.forbes.com/ 
  Billionaire hedge fund manager Paul Singer warned that rich countries are insolvent, with U.S. debt to GDP levels actually around 500% given the cost of entitlements.  The head of Elliott Management warned of the massive levels of leverage at major global banks, and at the perils of quantitative easing which is masked money printing, telling investors to be weary of holding U.S., European, or Japanese bonds.
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  Paul Singer is well known for his aggressive bets against emerging country debt and for activist investment stances in poorly run companies.  On Wednesday, though, he took a complete different role at the Ira Sohn Conference.
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  “What you have in legacy countries,” he said speaking of the U.S., Europe, and Japan, “is long-term insolvency.”  Including entitlement programs like social security, countries like Japan have a debt load that is about 800% of GDP, while the U.S. and Europe are closer to 500%, Singer said, suggesting those who fear Rogoff and Reinhart’s 90% debt-to-GDP limit should re-do their math.
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  And not only are these major countries broke, but banks are essentially broken.  “Banks used to be banks, they used to make loans […], now, leveraged trading and derivatives has basically taken over a very large, or total, [role] in the context of profitability and the business plans of major financial institutions.”
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  Referencing major global banks like JPMorgan Chase, Citigroup, Deutsche Bank, or Barclays, Singer said they hold on average between $50 and $80 trillion in notional amounts of derivatives.  “There is no usable set of information that will allow you to see what portion of those $50 to $80 trillion are positions” held by the banks, what portions are “customer facilitation match trades,” he added.
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  With legacy countries in a state of long-term insolvency, and major banks highly leveraged and with opaque balance sheets sitting on trillions in liabilities, policymakers have resorted to one of the most dangerous solutions in the aftermath of the financial crisis: money printing.  “The primary, and up to now only, methodology to support recovery and growth has been on the monetary side,” the hedge fund manager said, “none of the country blocks I mentioned has adopted a solid set of structural pro growth policies in the tax, regulatory, labor, trade, and education, to unlock growth.”
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  read more!

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80% Of The Move In Gold Will Come During The Final 20% Of The Market – So Hang On!

• 80% Of The Move In Gold Will Come During The Final 20% Of The Market—So Hang On! 
  by Tekoa Da Silva, http://bullmarketthinking.com/ 
  In response to the last few week’s carnage in the metals and mining markets, I felt compelled to produce a YouTube update on what we might be able to look forward too down the line. The theme of this commentary touches on “Pareto’s Law”, commonly known as the “80/20″ rule…which when applied to the markets, states that 80% of the move will occur during the final 20% of a given bull market period.
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  Furthermore, we might also conclude that 80% of the people will jump on the bandwagon during that same final 20% period. So during these tough consolidations and shakeouts, remember the fundamentals and ultimate destination, as that will provide mental strength.
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  However, if you’re new to this sector, carefully invest in your education first.

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Keiser Report: Interest Rates Apartheid (E440) !

• Published on May  4, 2013
  In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Great Leap Forward in central banks’ central planning which has driven the Housewives of China to buy 300 tons of gold, an act of disloyalty to the central bank revolution. Max notices that Mrs. Wang has displaced Mrs Watanabe as the most important buyer in global financial markets. In the second half, Max talks to Alasdair MacLeod of Goldmoney.com about everything to do with the physical and paper gold markets – from open interest to naked short selling by bullion banks.

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Swiss Refiners Unable To Keep Up With Massive Gold Demand !

Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

• Swiss Refiners Unable To Keep Up With Massive Gold Demand! 
  by www.kingworldnews.com
  Today Egon von Greyerz told King World News that Swiss refiners are still unable to keep up with the massive global demand for physical gold.  Greyerz stated that Swiss refiners are working 24 hours a day, 7 days a week, but simply can’t keep up with the massive orders for physical gold.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview. 
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  Greyerz:  “Right now I’m looking at what’s happening in the US and Bernanke has been Chairman of the Fed for seven years and he’s been the most productive man in the history of the United States.  During his reign the federal debt has gone from $7 trillion to $17 trillion.  That’s up two and a half times. 
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  But of course gold has continued to reflect the increase in debt and to reveal the destruction of paper money.  So gold is also up two and a half times during the same period, and that’s with gold at $1,470 today, which is near the low corrective level….
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  read more!

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ECB “Technically Ready” To Ask Depositors To Pay Banks For Holding Their Money!

• The Illuminists are setting up the world for hyperinflation. If the ECB employs negative interest rates why would anyone keep money in the bank? Why would anyone do so after the financial theft by Cyprus banks? Your money is no longer safe in the banks after the Cyprus incident. I repeat again: the Illuminists are setting up the world for a global economic, financial and currency meltdown! They are preparing the world for their Satanic World War 3! Their endgame is a Luciferian New World Order, World Government, Global Supra-National Central Bank (very likely the IMF 2.0 with the BIS as backup), One World Currency backed by gold –> ’666′!
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• ECB “Technically Ready” To Ask Depositors To Pay Banks For Holding Their Money! 
  by Tyler Durden, http://www.zerohedge.com/ 
  The first relatively big bombshell has been dropped:
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  *DRAGHI SAYS ECB HAS OPEN MIND ON NEGATIVE DEPOSIT RATE
  *DRAGHI SAYS WILL COPE WITH NEGATIVE CONSEQUENCES IF WE ACT
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  This has crashed EURUSD and smashed German 2Y rates into negative territory.

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Financial Insider ‘V’ & Steve Quayle: The Coming Orchestrated Collapse of the US Economy & the Devaluation of the Dollar!

Click on image for radio interview MP3 file!

• War declared: Understanding & surviving hand-to-hand financial combat! 
  by Hagmann and Hagmann Report 
  One of the most important issues of our times facing every person and family today is the state of our economy. One of the most common questions asked of us is when we will see the “coming” orchestrated collapse of our economy, the devaluation of the dollar and the implementation of a “different” system?  The answer to this question is simple: you are seeing it right now – it’s taking place right in front of you. We are witnessing the deliberate takedown of not only the American economy, but the world economy.
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  For the sake of your financial well being, learn how to survive these troubling economic times. Join “V,” The Guerrilla Economist and financial insider, along with internationally renowned bestselling author Steve Quayle tonight for a special edition of The Hagmann & Hagmann Report. This just might be the final opportunity you have to learn the necessary skills to survive the coming financial apocalypse.
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  The Hagmann & Hagmann Report provides listeners information about current events and historical topics that transcend the political right-left paradigm and delve into the real issues behind the sugar-coated news.

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SocGen Repeats $10,000 Target as Central Banks Buy Gold, ETFs Sell, Indian Dealers Run Out !

• SocGen Repeats $10,000 Target as Central Banks Buy Gold, ETFs Sell, Indian Dealers Run Out – 25 April 2013! 
  by http://www.bullionvault.com/ 
  WHOLESALE PRICES to buy gold rose to an 8-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month’s near-record slump. Asian stock markets also ticked higher, but European shares were flat while commodities extended their rally.
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  Silver prices were unchanged for the week so far at $23.30 per ounce. Gold priced in Sterling fell £10 per ounce from an 8-session high of £946 as the Pound jump on news that the UK avoided recession – growing just 0.3% – in the first quarter of 2013.
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  “Gold is continuing [its] recovery,” says the daily comment from the commodities team at Germany’s Commerzbank. “Rate-cut speculation ahead of next week’s [Eurozone central bank] meeting – and the prospect of continued ultra-loose US monetary policy following more weak economic figures – are lending buoyancy to the gold price.”
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  Investors who buy gold, writes Société Générale’s global strategist Albert Edwards in a new report, are making “a bet against central banks’ competency.” Given central banks’ track record, he adds – repeating his team’s forecast of $10,000 gold – “that’s certainly a bet I’d be happy to still take.”
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  Money-creation leading to a surge in inflation is also the forecast from billionaire hedge-fund manager John Paulson, who reportedly told clients on a webinar Wednesday that he and his chief precious metals strategist – the highly respected former UBS analyst John Reade – are also “holding course” despite last week’s price crash.
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