- The price of silver exploded about 7-8x from 1978 to 1980. We can expect similar hyperbolic move coming in the next few years. Although, I cannot tell you with absolute certainty it will happen within the next 6-12 months, you will be quite stupid to wait for the explosion before going in. Maestro like James Turk is warning of such an event.
- The chart for silver shows a massive triangular accumulation pattern or caldera. The neckline is at US$21/oz. When this is breached, and it looks like it could happen now, the minimum target is US$29-30/oz! James Turk talks of breaking the previous US$50/oz high in 1980. Others are measuring a price target of at least UUS$60/oz!
Silver looks ready to rip
BNP Paribas obviously thinks the price of silver is about to go on a tear.
It has agreed to pay $US20.58 an ounce for 680,000 ounces of the white metal to be delivered from December through to June 2012. That compares with a closing price on Friday in New York of $US20.79/oz (although intraday it poked its head above $US21/oz).
The deal is with Jabiru Metals which will bank $14 million upfront under the hedging deal, money it can well use to speed its mine development program. The 680,000oz is 60 per cent of its forecast silver production over the period of the BNP deal, which at least leaves 40 per cent of output exposed to spot prices. But, then, it’s the guy with the money to lend who calls the tune.
And The Wall Street Journal has been taking an interest in silver, beginning one recent report by saying that what it calls “the poor man’s gold” was about to shine. In fact, silver’s gains are outpacing those of gold these days – up 17 per cent in the past four weeks, up 24 per cent this year. So far. At Friday’s close, an ounce of gold was worth 61 times that of the equivalent measure of silver.
Compare that to the 19th century ratios set by the US and France of gold being fixed at around 15 times the value of silver. In 2007, the ratio was 50:1. The last big run for silver coincided with the huge surge in gold prices in 1979 and 1980. Silver’s high in 1978 was $US6.31/oz, then it went to $US34.45/oz in 1979 and burst out to soar to $US48.70/oz in 1980, but collapsing (along with gold) the next year, back to $US16.29/oz.
But here’s the thing: even at its maximum in 1980, the silver-gold ratio was 37.4:1. That suggests that, in this bull market for precious metals, silver is still lagging substantially with the concomitant potential for catching up to its historical relationship with the yellow metal.
All investors have to do is wait for the US to start its money printing presses again – the only option that Washington has if it needs a new phase of stimulus. Then watch the precious metals with all that extra, and increasingly depreciated, paper money flying around.
- The Illuminist plan for a One World Currency, Global Central Bank and World Government is undeniable. Of course, they obfuscate their plan to pull wool over the sheeple’s eyes. They are employing their Hegelian Dialectic to bring this about. In a sentence: an engineered global economic, financial, monetary collapse and world war. Part of their intention in this plan is a mass culling of the sheeple! We are at the endgame of their New World Order, Global Luciferian Police State! Here are 2 articles showing their plan.
Waking up to a World Currency
If all the advocates of a world fiat currency (a currency not backed by a precious commodity like gold) were to scream at once, workers in world capitals, business centers, colleges, and news media may be deafened. And if global financial elites have their way, America will move quickly toward accepting a planetary fiat currency issued by a world central bank.
Calls for a new global monetary regime are nothing new. After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed a world currency to be known as “unitas.” ……
Leading the Charge
Naturally, prominent globalist leaders and central bankers have been at the forefront of promoting world-currency schemes. And they are confident that the groundwork has been sufficiently laid to achieve the goal. Russian President Dmitry Medvedev has been among the most vocal supporters. At the G-8 meeting last year, he actually pulled a “united future world currency” coin out of his pocket bearing the words “unity in diversity.” Then, he explained to the audience that it “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.” In June of this year, he was at it again. “We are making plans for the future. We are talking about creating other reserve currencies, and we are counting on other countries to understand this,” Medvedev told an economic forum in St. Petersburg, Russia.
The Emerging Global Fed
The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. It also uses its monopoly power to cause interest rates to go up or down, usurping the rightful place of the market and causing massive malinvestment and generally an improper and unproductive allocation of resources.
The Fed also causes the boom-and-bust cycle through its manipulations of the currency and credit supply. It serves as the government’s partner in perpetually expanding the “welfare-warfare state,” allowing the state to spend far more than it could ever hope to reasonably raise through direct taxation. And of course, the fact that all Federal Reserve notes enter the economy as debt with interest attached (but never created) has led to a situation where it is literally mathematically impossible to pay off the debt. In sum, the consequences of such a system have been disastrous for average Americans — hence the growing calls to audit and even end the Fed.
But now, imagine such a system at the global level. And it isn’t just a mental exercise; the global central bank is already emerging. As bad as the Fed has been for America — and indeed the world — a similar system at the international level would be far worse. Disaster might even be an understatement.
- The Chinese are under immense pressure by the Obama administration to revalue the CNY much higher against the USD. They are however caught with something like US$1.5T of foreign reserves denominated in USD. Any sharp appreciation means loss of billions.
- The reality is that the Chinese will have to take a substantial loss on their holdings. A sharp appreciation of the CNY against the USD will likely cause the collapse of the USD. So, they are in a rock and a hard place. It is a question of how much pain.
- The Council on Foreign Relations (CFR), Trilateral Commission (TC) and the Bilderberg Group are low rung execution arms of the Illuminati. I believe they report to the Committee of 300 higher up. The Council of 13 is even higher up. This council is really a Satanic priestly class. The Satanic hierarchy is modelled after the mystery religion of ancient Egypt and Babylon. The profane, secular and unintiated report to the Satanic priestly class who take directions from the ‘gods’ ie fallen angels. It is really the priestly class who rules and hold power at the top.
Some in China ready to drop U.S. holdings and pour money into nation
….The Council on Foreign Relations estimates that China holds at least $1.4 trillion of U.S. debts, plus $231 billion in corporate bonds and equity. That amount works out to a loan of roughly $4,500 to every American. This debtor-lender relationship between America and China is a “financial balance of terror,” as White House adviser Lawrence Summers once put it. If China sold its dollar holdings, U.S. borrowing needs are so great that the sale could cause a spike in interest rates and push America back into recession.
But if the U.S. decided to cover its debts by printing more money and pushing up inflation, China’s investments could drop in value by hundreds of billions of dollars. Each side worries about the other’s intent. “These large [holdings], in my opinion, are not worth it,” said Tang Zhe Zhe, a 25-year-old financial journalist with Caijing.com.cn, an Internet magazine.
“Maybe there are some diplomatic situations where it’s nice to have them in negotiating with the U.S. government,” she said. “But maybe they should invest them in our own country.” The U.S. government doesn’t have much choice. Domestic savings aren’t enough to cover the huge federal budget deficits. And America’s trade deficit forces the country to borrow abroad to cover the amount sent overseas to pay for imports.
Some Chinese capital is flowing into private U.S. companies and projects rather than government debt. Dallas investor Cappy McGarr is working with some big state-owned Chinese firms to build a $1.5 billion West Texas wind energy farm. “It’s a very positive step that the Chinese government and Chinese companies have decided to come over here and invest in America rather than just buy our T-bills” or other U.S. government debt instruments, McGarr said.
But the bulk of China’s money in America is in federal debt. And that makes both sides nervous. A February poll of more than 2,000 adults by Zogby International found that, by a 2-1 ratio (58 percent to 27 percent), Americans were more worried about the national security implications of their debt to China than they were about radical Islamic terrorism.
Earlier this year, a retired Chinese general urged the government to dump its American holdings because of U.S. arms sales to Taiwan. “At every G2 [China-U.S.] summit, Chinese leaders ask American leaders about the safety of our assets,” said Liu Yuhui, an economist with the Chinese Academy of Social Sciences.
China has tried to diversify some of its reserves by buying Japanese bonds and gold and by lending money to develop foreign oil fields.
“Right now the U.S. government has a monopoly on the lender. Cappy has helped to break that, and we have, too,” Jenevein said. “That’s actually brilliant. He is finding for U.S. investors another source of capital. The country [China] has so much money, they can lend not only to the U.S. government, but to U.S. companies to do better things with the money.”
Young, urban Chinese say the money should be used to boost salaries and address China’s problems like expensive housing. “What China should do is bring labor, energy and environmental costs back to a more normal level,” said Mil Ken, a graduate student at the People’s Bank of China. “America has to reduce spending and increase saving.”
Xia Wie, a 24-year-old graduate from Guizhou province, worries about the cost of housing and pollution in China. To her, lending money to the U.S. doesn’t make sense. “America is a developed country and does not need China’s money,” she said. “Let China put its money into itself so China will be strong.”
It’s also not sensible to Lin Xiang, a 25-year-old graduate of Peking University’s Guanghua School of Management. “We have financed the American people’s overconsumption for many years,” Lin said at a Starbucks on Financial Street, near the investment bank where he works.
China’s massive holdings of U.S. debt are mostly in low-risk Treasury bonds ($1.015 trillion) and securities issued by federal mortgage backers Fannie Mae and Freddie Mac ($447 billion), according to estimates of the Council on Foreign Relations. The numbers are higher than U.S. Treasury estimates, because they include bonds purchased in London by the Chinese.
The bonds are the fruit of China’s trade surpluses. Exporters relying on cheap labor have made China the world’s factory. China tightly controls the use of its currency. The dollars that exporters earn abroad must be surrendered to the Chinese central bank in exchange for renminbi.
The People’s Bank of China takes the dollars and invests them abroad. In 2000, it had $165 billion of foreign exchange reserves. In October 2006, its holdings passed the $1 trillion mark. Today, the bank has $2.45 trillion. Bank officials say 60 percent of these reserves are denominated in U.S. dollars.
Control over the renminbi is crucial to China’s ability to set the value of its currency. Many U.S. economists and manufacturers say China has kept the renminbi artificially low to support its exports. They argue that the renminbi should gain as much as 40 percent against the dollar. (A big reason why that’s unlikely is it would reduce the value to China of its U.S. debt holdings by over $500 billion.)
- I told you not to take the H1N1 vaccine last year! Vaccines are used as a method of depopulation and many vaccines cause sterility. The Illuminati ruling elite has an ongoing depopulation plan. Fact or fiction? You decide. I strongly recommend you avoid all flu vaccines. Try Vitamin D and lots of sunshine instead !
CDC allegedly falsifies reports–ignoring up to 3,587 Miscarriages from H1N1 Vaccine
A shocking report from the National Coalition of Organized Women (NCOW) presented data from two different sources demonstrating that the 2009/10 H1N1 vaccines contributed to an estimated 1,588 miscarriages and stillbirths. A corrected estimate may be as high as 3,587 cases. NCOW also highlights the disturbing fact that the CDC failed to inform their vaccine providers of the incoming data of the reports of suspected H1N1 vaccine related fetal demise.
NCOW collected the data from pregnant women (age 17-45 years) that occurred after they were administered a 2009 A-H1N1 flu vaccine. The raw data is available on the website.
Using the Vaccine Adverse Event Reporting System (VAERS), including updates through July 11, 2010 as a second ascertainment source, capture-recapture statistical methods* were used to estimate the true number of miscarriages and stillbirths following A-H1N1 flu vaccination in the U.S. Typically, even so-called “complete” studies conducted by the CDC have been shown to miss from 10% to 90% of the actual cases because of under-reporting.
The statistical method employed is an expeditious and cost effective method of attempting to ascertain a complete count of all cases when two or more ascertainment sources (VAERS and NCOW survey) have failed to collect all the existing cases. Overall, this approach shows that approximately only 15% of the occurrences of a miscarriage or stillbirth were actually reported.
The corrected estimate for the total number of 2009-A-H1N1-flu-shot-associated miscarriages and stillbirths during the 2009/10-flu season is 1,588 (95% goodness-of-fit confidence interval, 946 to 3587). That is, the lower and upper range-probability of miscarriage and stillbirths due to the H1N1 vaccine was as low as 946 and as high as 3,587.
Eileen Dannemann, Director of NCOW, presented the findings for the second time to Dr. Marie McCormick, chair of the Vaccine Risk and Assessment Working Group, during the Advisory Commission on Childhood Vaccines (ACCV) meeting, Sept 3, 2010. Just prior to Ms. Dannemann’s presentation Dr. McCormick, had pronounced that there were absolutely no H1N1 vaccine-related adverse events in pregnant women in 2009/10, directly contradicting the evidence publicly available. “This baseless and fallacious assessment by the CDC assessment group” says, Dannemann, “has given the green light to the CDC’s Advisory Committee on Immunization Practices (ACIP) to continue their recommendation to give the 2010/11 flu shot to all people, including pregnant women. This upcoming 2010/11 flu vaccine contains the same elements that are implicated in the killing of these fetuses, the H1N1 viral component and the neurotoxin mercury (Thimerosal). Additionally, it contains 2 other viral strains- a 3 in 1 shot for all people”.
The very next week at the Sept 14 National Vaccine Advisory Committee (NVAC) meeting Dr. McCormick, (despite having been informed on two previous occasions of the VAERS data) pronounced, once again, that there were no adverse events in pregnant women. At the conclusion of the NVAC meeting, during public comment, Dannemann submitted the data for the third time and concluded with, “Why hasn’t Dr. McCormick looked in the VAERS data base?” “She looked where she knew she would not find”, a disquieting thought, Ms. Dannemann said in retrospect.
Excerpts and adaptation from speech delivered by Eileen Dannemann, Director, National Coalition of Organized Women Friday, September 3, 2010 to the Advisory Commission on Childhood Vaccines (ACCV) meeting…
“Initially, at the beginning of the H1N1 pandemic consequence management drill there were allegedly 30 maternal deaths. It was these deaths that the CDC used as the basis to initiate a strenuous and aggressive campaign to vaccinate the pregnant population with the untested H1N1 vaccine. The CDC ascertained that there were eventually a total of 56 maternal deaths (assuming the fetuses died with them). Dr. Alicia Siston’s JAMA study (CDC) acknowledged that most of these deaths were ‘unconfirmed’ H1N1 virus caused deaths despite the fact that the CDC had tests that could have verified, for certain, that these were H1N1 related deaths.
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