Gold, Silver & 100-Year Inflection Point To Crush The West !

Storms ahead !

• Gold, Silver & 100-Year Inflection Point To Crush The West! 
  by www.kingworldnews.com
  On the heels of the Fed’s James Bullard saying the central bank should continue its bond buying program, today acclaimed money manager Stephen Leeb spoke with King World News about what he described as a key 100-year inflection point.  Leeb also discussed gold and silver.  Below is what Leeb had to say in his interview.
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  Leeb:  “In addition to being focused on the gyrations in the gold and silver market and whether we have now successfully tested a bottom, the bigger picture is that the world remains a mess.  Yes, eventually all of the money that is floating out there is going to lead to inflation, but there are also a great many other problems that governments around the globe will have to contend with.
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  Clearly Europe is not out of trouble.  Spain, as an example, is literally ruling with fear.  Their government is staying in power by virtue of fear.  The public is scared that if they drop out of the euro all hell will break loose.  That’s what the government is telling them.  I don’t think the government of Spain can keep the populace at bay using fear for much longer….
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Keiser Report: Gold Theft in America (E433)!

• Published on Apr 18, 2013
  In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss innuendo and paper causing a virtual theft of paper gold in America and a stampede into physical gold in India. They also discuss the five wise guys of Angela Merkel who plan on ‘bailing in’ some property owners in Spain should Spain require a sovereign bailout. In the second half of the show, they talk to Ed Harrison of CreditWritedowns.com about confiscation and German opinion on Europe.

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Slovenia and Spain Must Take ‘Urgent Action’ to Stop Spread of Euro Crisis!

The Eurozone is on fire!

• Slovenia and Spain must take ‘urgent action’ to stop spread of euro crisis! 
  by http://www.irishtimes.com/ 
  European Commission warns of ‘excessive’ risks to the economic health of two countries  
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  The European Commission warned of “excessive” risks to the economic health of Slovenia and Spain, calling on both governments to take urgent action to stem the spread of the euro crisis.
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  Slovenian banks are likely to need fresh capital injections as over-indebted corporate borrowers struggle to pay back loans amid a double-dip recession, the Brussels-based commission said.
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  It said Spain is encumbered by public and private debt. Slovenia’s ailing banks have made it a target for financial markets, with shrinking demand in a debt auction yesterday signaling investor expectations that it will be forced to seek a bailout.
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  Spain is already tapping aid for its banking system. Political gridlock and legal snags “have prevented Slovenia from addressing its imbalances adequately and enhancing its adjustment capacity, thus increasing its vulnerability at a time of heightened sovereign funding stress in Europe, ” the commission, which enforces European Union regulations, said in a report today.
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  Both countries were given a May 29th deadline to make reforms or risk becoming the first to be punished under a year-old “macroeconomic imbalances procedure” designed to deal with the lagging competitiveness and overstretched banking systems that fueled the debt crisis.
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Out of this coming Eurozone collapse, the snakes will launch their 10 Horn Beast!
Click on image for article!

Revelation 13 New King James Version (NKJV) -
The Beast from the Sea: 13 Then I[a] stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,[b] and on his horns ten crowns, and on his heads a blasphemous name. 2 Now the beast which I saw was like a leopard, his feet were like the feet of a bear, and his mouth like the mouth of a lion. The dragon gave him his power, his throne, and great authority.

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A Tipping Point In The Financial System?

The Illuminists are lining up the pieces for a catastrophic global collapse!

• A Tipping Point In The Financial System?! 
  by Deviant Investor, http://www.deviantinvestor.com/ 
  March and April 2013 may go down in history as the tipping point for the western financial system.
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  We have already seen:
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  - Lehman Brothers and many other financial firms collapse.
  - $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers.
  - Over $16 Trillion in bailouts, guarantees, swaps, and loans created by the Fed and given to various banks, nations, and other insiders.
  - MFGlobal took “segregated” customer funds, the exchange provided no compensation to customers, and yet no criminal indictments have been issued.
  - Global derivatives total $700 Trillion to well over $1,000 Trillion, depending on who is counting. Some are “toxic waste.”
  - Many European bailouts and “fixes.”
  - Spain, Italy, Slovenia, and perhaps France in trouble.
  - US official debt approaching $17 Trillion with unfunded liabilities many times larger.
  - The Federal Reserve creating $85 Billion per month (over $115,000,000 per hour) to support banks and the US government.
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  So what other disasters could occur? In a word, Cyprus!
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  - Not because the EU and Cyprus took Russian money.
  - Not because several banks will close.
  - Not because some deposits will be confiscated and/or frozen.
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  In my opinion, the sign that a tipping point has occurred in the financial system is the real story:
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  - The veil of banker honesty has been lifted. The EU/IMF/ECB will do whatever is necessary to support the banks, even if it means they will confiscate (tax, steal, bail-in) customer deposits.
  - Customer deposits are NOT assets held in the bank for safe-keeping, but are liabilities of the bank and are not guaranteed to be made whole.
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  read more! 

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Stephen Leeb: West Much Closer To Collapse As Gold War Continues To Rage!

• West Much Closer To Collapse As Gold War Continues To Rage! 
  by www.kingworldnews.com
  On the heels of the Cypriot Finance Minister quitting and continued volatility in gold, today acclaimed money manager Stephen Leeb told King World News the West is much closer to collapse than it was even three weeks ago, and gold is being sold to mask the desperate situation the West faces going forward.  Here is what Leeb had to say in this powerful interview:  “Eric, the thing to remember right now, gold is the barometer of what is wrong with the West.  We can look at Cyprus, Spain, Italy, and say the West is sick.  But you put the thermometer in your mouth and you see 98.6 (degrees, normal temperature), and that’s because someone is putting cold water on the thermometer right now in the form of selling gold.”
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  “That can only continue for a certain period of time.  After that period of time you will have what is known as the greatest short squeeze the world has ever seen (in gold).  It could be that China suddenly decides they have enough gold and come out and say, ‘The yuan is partially backed by gold.’ 
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  It could be any number of things but that catalyst is inevitable, it’s going to happen.  I see us closer to major changes.  A collapse of the current situation….
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Spanish Bank Deposits Seized, Cyprus-Style!

Looks like the Spanish matador is getting screwed !

• Spanish Bank Deposits Seized, Cyprus-Style! 
  by http://larouchepac.com/ 
  Eurogroup President Joeron Dijsselbloem caused both a political furor and rumblings of major bank runs across Europe, with his remarks March 25 that the great bank heist in Cyprus was actually a “template” for other European countries. The influential Eurogroup Working Group quickly drafted an internal memo which denied Cyprus was such a “template,” the Wall Street Journal reports today. And Spanish Prime Minister Mariano Rajoy held a joint press conference yesterday with French President Francois Hollande, to proclaim that “the problem of the Cypriot banking sector is different [than that of the rest of Europe]; the decision adopted is extraordinary and unique, and will be applied in an extraordinary manner and only to Cyprus.”
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  But even as Rajoy was speaking, his government was announcing a long-awaited final settlement of the cases of five bankrupt Spanish banks, led by the giant Bankia, which involved fleecing up to a million small depositors in those banks of anywhere from 30% to 70% of their holdings — something over 6 billion euros. Although the mechanism employed is slightly different than that in Cyprus, the policy is identical: the international financial system is in full meltdown; the game is over; and small depositors and the population in general are being forced to take the hit in order to bail out the big international speculators.
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  The only alternative to such genocidal robbery, Lyndon LaRouche has repeatedly explained, is the international implementation of full banking separation under Glass-Steagall legislation.
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  In the case of Spain’s Bankia, the thievery involves the fact that, over recent years, the bank fraudulently tricked over 400,000 small depositors to use their savings to purchase the bank’s “preferred shares” — or “preferentes,” as they are known in Spain — with promises of very high rates of return. Marketed as fixed-term deposits, the reality of the “preferentes” is that they either could never be cashed in, or carried terms as long as 1,000 years!
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  With Bankia bankrupt, the FROB (Spain’s bank reorganization agency) has imposed “haircuts” of 39-50% on all “preferentes” holders, followed by their forced conversion into common stock in Bankia. As part of the settlement, those common stocks, which last week were trading at 2 euros per share, will be drastically slashed down to 1 euro cent per share—a 99% loss. The head of Spain’s ADICAE (Association of Consumers and Users of Banks, Savings Banks and Insurance Companies), Manuel Pardos, has denounced this arrangement as “double thievery and fraud,” and has filed suit against most of Spain’s major financial institutions for the “crime of massive consumer fraud.”
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  In addition to Bankia, four other bankrupt financial institutions are involved in the heist: Catalunya Bank is slashing “preferentes” by 61%, Banco Gallego by 50%, Novagalicia Banco by 43%, and Banco de Valencia by 90%. In all five cases, the Wall Street Journal admits, “most” of the “preferentes” holders are small depositors.
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  Three additional features of the robbery should be noted.
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  1) The drastic “haircut” of defrauded small depositors was imposed on the Spanish government as part of a July 2012 Memorandum of Understanding with the detested Troika — the same criminals who just authored the great bank heist in Cyprus.
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  2) While Prime Minister Rajoy was busy impersonating Pinnochio, his Deputy Economics Minister, Fernando Jimenez Latorre, was assuring Spain’s Senate that the deal “was as generous as possible, because it converts holders of those products [the 'preferentes'] into stock holders, and that lightens their load to help clean up the institution. It is satisfactory, if you compare it to other cases which happened within the EU.”
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  3) The “preferentes” scam in Spain is almost identical to the late 1930s looting of consumers carried out by First National City Bank (today Citibank), whose exposure by chief counsel Ferdinand Pecora in the famous 1933 congressional hearings led to the passage of Franklin Roosevelt’s Glass-Steagall law that year.

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Buchheit On Cyprus: “The Situation Is Spiralling Down”, And Why A Second Bailout May Be Needed ! Slovenia Next? Who Else ?? Then Spain & Italy??

• Buchheit On Cyprus: “The Situation Is Spiralling Down”, And Why A Second Bailout May Be Needed! 
  by Tyler Durden, www.zerohedge.com
  When the world’s leading expert on Sovereign debt restructurings believes that the endgame for Cyprus might be another round of restructuring, adding that “I’m not sure this is over,” it is important to listen. With the calmness in Cyprus today more reflective of paralysis than confidence,  Lee Buchheit senses that the parameters of how much money will be needed to recapitalize the banks have changed. He tells Bloomberg TV’s Lee Pacchia in this brief clip, “the situation is spiraling down… they’ll need more money because the economy is worse, tax collections less, deposits will flow out when they can flow out.” As for which European nation will be next in need of assistance with its sovereign debt burdens? Buchheit agrees with us that while many are looking to Slovenia, he sees real economic and political problems in both Italy and Spain remaining especially since the EU “have certainly changed the rules of the game.”

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Is Spain Preparing For Its Own Deposit “Levy”?

Guess who is winning?

• Is Spain Preparing For Its Own Deposit “Levy”? 
  by Tyler Durden, www.zerohedge.com 
  While Spain’s economy minister Luis De Guindos proclaimed in the Senate today that bank deposits under EUR100,000 are “sacred”and that “Spanish savers should stay calm,” Spain, it would appear, has changed constitutional rules to enable a so-called ‘moderate’ levy on deposits – as under previous Spanish law this was prohibited. For now, they claim the ‘levy’ will be “not much higher than 0%” and is mainly aimed at regions in Spain that have “made no effort to collect taxes” based on new revenue expectations. As El Pais reports, the minister of finance and public administration, Cristobal Montoro, defends the need for such a ‘levy’ in their constitution on the basis of standardizing taxes across regions (and is preparing a proposal on the amounts to be paid) and although it would appear that while the European Commission could previously argue that such a ‘tax’ would violate the free movement of capital in Europe, it now leaves the door open to eventually effectively taxing the deposits. We can’t help but remember the Tequila crisis and the constant reassurances from Zedillo up until even the night before Mexico devalued…
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  Via El Pais (Via Google Translate),
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Nigel Farage: Cyprus Rejection Sets Up A Crash In Markets!

Global meltdown is coming!

• Nigel Farage – Cyprus Rejection Sets Up A Crash In Markets! 
  by www.kingworldnews.com
  Today Nigel Farage told King World News the Cyprus government officials would vote out of fear to save their own lives and that’s exactly what happened.  Farage, who is Britain’s popular MEP, told KWN that what just happened in Cyprus is much bigger than the Icelandic revolt, and that it has now set up a crash in markets.  Here is what Farage had to say in this extraorindary interview:  “Even my direst predictions about what the bureaucrats in Brussels would do to prop-up the failing eurozone crisis, even I didn’t predict they would resort to theft, and that is all you can call this.  It is theft.  It is the breach, of course, of their deposit guarantee they put in place in 2008.”
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  “And perhaps on a higher level it’s actually a breach of the basic principle of the rule of law, which is one of the governing functions of the whole of our Western civilization.  So it is a truly astonishing thing that they (central planners) have done. Have they thought through the consequences of this?  Because if you do it once (steal from bank depositors) in one eurozone country, what’s to stop you from doing it again in another eurozone country?….
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Snow covers most of Spain! Global Warming (Climate Change) is an Illuminist HOAX!!

• Snow covers most of Spain! 
  by http://www.upi.com/ 
  MADRID, Feb. 12 (UPI) — The majority of Spain  is covered in knee-deep snow and more than 930 miles worth of roads have been  closed as a result, officials said.
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  Madrid, Mancha and Navarra are among the hardest hit regions, thinkSPAIN  reported, and areas in the south have already been hit hard or will be soon. In areas in the western region of Galicia, snow in remote areas has reached  as much as 5 feet deep. On average, the snow is not higher than 6 inches, thinkSPAIN said.
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  Meteorologists said snow is expected to hit all areas that are sea-level or  higher, accompanied by winds as high as 60 mph. ThinkSPAIN said the cold weather is expected to stay until at least  mid-week.

Click on image to goto article! Global warming is a HOAX!

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Warning: The EU Crisis is Back and will Only be Getting Worse!

• WARNING: The EU CRISIS IS BACK AND WILL ONLY BE GETTING WORSE! 
  by Graham Summers, via http://www.goldseek.com/
  I want to issue a major warning to investors: the EU Crisis is going to get worse in the coming months.
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  I realize that most investors and analysts believe that the EU Crisis is over. They think that because the S&P 500 closing in on its all-time highs shows that things are fine in the system. They are wrong.
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  The only item that held Europe together in 2012 was the credibility of EU politicians and ECB President Mario Draghi. Please note that nothing fundamental improved for the EU’s financial system: EU GDP has since re-entered a recession and EU unemployment has a hit a new record.
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  Indeed, the only reason things even looked better was because various Government engaged in massive interventions. In the case of Spain, this included raiding 90% of their social security fund to buy Spanish bonds so that yields would fall.
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  So… when you entire financial system is held together by the credibility of the political class… corruption scandals can implode the system.
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  MADRID — Spain’s governing Popular Party was drawn deeper into a web of corruption scandals this past week, after the Swiss authorities informed the Spanish judiciary that the party’s former treasurer had amassed as much as 22 million euros, or $29 million, in Swiss bank accounts.
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  The treasurer, Luis Bárcenas, resigned from his job in 2009, after being indicted in the early stages of an investigation, which is still ongoing, into a scheme of kickbacks and illegal payments allegedly involving other conservative party politicians…
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  Nonetheless, the revelations have brought a fast-growing list of corruption investigations, which have unspooled across Spain, to the doorstep of the conservative government of Prime Minister Mariano Rajoy, who has so far remained silent. About 300 Spanish politicians from across the party spectrum have been indicted or charged in corruption investigations since the start of the financial crisis. Few have been sentenced so far. Source: NY Times
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Swiss Move Towards Barring Eurozone Refugees!

Things are getting better! Believe! Believe!

• Swiss move towards barring Eurozone refugees! 
  by Nick Meo, Geneva, http://www.telegraph.co.uk/ 
  Thousands of jobless young people from southern European countries ravaged by the eurozone crisis have come to work in Switzerland. But the Swiss are starting to think there too many: a referendum may reimpose immigration quotas.
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  The Edelweiss Hotel in the heart of Geneva is as Swiss as a cuckoo clock, with chalet-style pine furniture, spotless rooms, and staff in smart uniforms modelled on Alpine folk costumes.
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  They look the part, but none of the 38 waiters, chambermaids and receptionists are actually Swiss: nearly all are economic refugees from the eurozone, like Vera Correia, 24.
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  A year ago she was a secretary with a small computer firm near Porto, earning 700 euros (£570) a month, but after years of economic gloom she decided she had no future at home in Portugal. Now she cleans rooms for a salary of 3,500 Swiss Francs (£2,356) a month.
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  “My boss said it was a pity to become a cleaner after I had done so much studying,” she said. “But my pay has gone up here and I will try to find a similar position to my old one when my French is better.”
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  So many young Portuguese, Greeks, Italians and Spaniards have streamed in to try their luck – 75,000 foreigners arrived last year – that calls are growing to re-introduce immigration quotas.
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20 Facts About The Collapse Of Europe That Everyone Should Know!

• THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic) Protocol XII – Control of the Press
  …. WE CONTROL THE PRESS
  4. NOT A SINGLE ANNOUNCEMENT WILL REACH THE PUBLIC WITHOUT OUR CONTROL. Even now this is already being attained by us inasmuch as all news items are received by a few agencies, in whose offices they are focused from all parts of the world. These agencies will then be already entirely ours and will give publicity only to what we dictate to them.
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• THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic) PROTOCOL No. 10
  1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. ….
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• 20 Facts About The Collapse Of Europe That Everyone Should Know! 
  by Tyler Durden, http://www.zerohedge.com/
  Originally posted at The Coming Depression blog,
  The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse.
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  Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s. The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone.
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  It would be hard to understate how bad things have gotten – particularly in southern Europe. The truth is that most of southern Europe is experiencing a full-blown economic depression right now. Sadly, most Americans are paying very little attention to what is going on across the Atlantic. But they should be watching, because this is what happens when nations accumulate too much debt. The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well.
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  The following are 20 facts about the collapse of Europe that everyone should know…
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  #1 10 Months: Manufacturing activity in both France and Germany has contracted for 10 months in a row.
  #2 11.8 Percent: The unemployment rate in the eurozone has now risen to 11.8 percent – a brand new all-time high.
  #3 17 Months: In November, Italy experienced the sharpest decline in retail sales that it had experienced in 17 months.
  #4 20 Months: Manufacturing activity in Spain has contracted for 20 months in a row.
  #5 20 Percent: It is estimated that bad loans now make up approximately 20 percent of all domestic loans in the Greek banking system at this point.
  #6 22 Percent: A whopping 22 percent of the entire population of Ireland lives in jobless households.
  #7 26 Percent: The unemployment rate in Greece is now 26 percent. A year ago it was only 18.9 percent.
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Europe is Fixed… Which is Why Spain and Greece’s Banking Systems Are Collapsing Again!

Eurozone Titanic is sinking!

• Europe is Fixed… Which is Why Spain and Greece’s Banking Systems Are Collapsing Again! 
  by Tyler Durden, www.zerohedge.com
  While the US continues to digest the details of the US Fiscal Cliff Deal (the only important item is that it does nothing to address our debt or deficit problems), the EU continues to proclaim the worst to be over… while its financial system crumbles from within.
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  The latest EU official to sound the all clear is German Finance Minister Wolfgang Schauble. On Friday he told German newspaper Spiegel Online that he believes “we have the worst behind us” in the Euro Crisis.
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  It’s an odd statement given that in just October Schauble wasn’t sure that the worst was past. What’s changed since then? Not much aside from Greece finally getting another €57 billion that it’s been waiting for since June.
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  Indeed, Spain’s second largest bank, Bankia, (the bank which received nearly €24 billion in bailout funds in mid-2012) just announced that it needed another €18 billion on Friday. This came after Spain’s own Fund for Orderly Bank Restructuring announced that Bankia had a negative value of over €4 billion.
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  Again, the bank already received €24 billion in bailouts… and it’s worth negative €4.15 billion today. Given that this is the same bank that revised its 2011 €309 million profit to a €3 billion loss what are the odds that even this awful assessment is a bit too rosy?
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  Lest we think Bankia is a special case, consider that the entire Spanish banking system is on life support from the ECB, drawing over €300 billion (for a banking system with a total market cap of a little over €100 billion this is extraordinary).
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  Then of course there’s Greece where the four largest banks announced that they need another €27.4 billion (the entire banking system needs €50 billion). To give this number some perspective, the entire capital base of the Greek banking system is only €22 billion. Keep that €22 billion in mind when you consider that Greek banks are sitting on €46.8 billion in bad loans.
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Gold To See 186% Gain As System Collapses & Silver Hits $150 !

• Gold To See 186% Gain As System Collapses & Silver Hits $150! 
  by www.kingworldnews.com
  Today Egon von Greyerz told King World News that investors will now see a stunning 186% move in gold as the financial system begins to implode and silver heads to $150.  Here is what Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say:  “Eric, when we spoke last time I said that what’s happening in the US with the fiscal cliff is like rearranging the deck chairs on the Titanic.  The US is sinking with a yearly deficit of $1.5 trillion, and total liabilities, including unfunded liabilities, of over $7 trillion per year.”
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  “But the fiscal cliff is just a minor issue which involves around $120 billion, at best, savings in a year.  The US didn’t even succeed in rearranging those little deck chairs because cost-cutting has been deferred.  I’m sure that in 60 days when this is brought up again they will not cut costs significantly because no one will accept cost cuts.
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  The politicians won’t accept it because it means they won’t be reelected.  And the people won’t accept it because they will be even worse off.  Just like we’ve seen in Europe, austerity won’t happen.  Therefore, the deficits will continue, and they will continue at an accelerated rate. 
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  The performance of the US government over the last few weeks confirms that.  They couldn’t even agree on increasing the debt ceiling, even though the debt ceiling is a farce because it’s already been increased 150 times in the last 100 years.
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  This is why in 2013 we will see continued deficits and accelerated money printing.  This will happen not only in the US, but in the eurozone, Switzerland, the UK, Japan, and China.  We can just look at the problems here in Europe to see what’s going to come to the rest of the developed world….
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