Socio-Economics History Blog

Socio-Economics & History Commentary

Lindsey Williams: Deep Earth Bunker Radio – 6 Dec 2012!

December 7, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: Deep Earth Bunker Radio – 6 Dec 2012!

Obama’s George Bush Pre-War Invasion Moment !

December 7, 2012 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Obama’s George Bush Pre-War Invasion Moment !

Gerald Celente: The 21st Century Mega War Has Begun!

December 7, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

‘US Army in Bed with Mercenaries’: Blackwater New Landlord in Afghanistan!

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Patriot Act Allows US to Spy Worldwide, Europeans Outraged !

December 7, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , | Comments Off on Patriot Act Allows US to Spy Worldwide, Europeans Outraged !

US Senate Demands Syria War Plan!

F4-Turkey_Syria-War

  • Senate Demands Syria War Plan! 
    by http://larouchepac.com/ 
    Last night the Senate voted 92-6 for an amendment that requires the Department of Defense to supply to the Congress a report on what military activities would be required to deny the government of Bashar al Assad the use of airpower against opposition forces in Syria. Sen. Rand Paul (R-Ky.), the only member of the Senate to speak against the amendment, said that, in short, it requires the President to submit to Congress a plan for a no-fly zone. First, he pointed out, there’s no certainty that “the Syrian rebels will be freedom-loving, tolerant, constitution-toting believers in a republican form of government or whether they will institute an Islamic republic that will have no tolerance for Christians and no tolerance for people of any other faith.” Second, he argued, it’s not a good idea for the Congress to get involved in the making of plans for military operations, as that is properly in the purview of the executive branch.

    The amendment contains a provision which states that nothing in it will be construed as an authorization for the use of force against Syria, but that is little more than a fig leaf. Sen. John McCain (R-Ariz.), the chief sponsor of the amendment, assured the Senate that if military action were to be taken, for example, against Syria’s chemical weapons arsenal, Congress would have to be involved; therefore, all the amendment does is provide information to the defense committees of the House and Senate. Sen. Joe Lieberman (I-Conn.) made clear his preference while covering his ass. “To me — and I speak only personally, and I do so with respect — getting involved in this on behalf of the opposition in Syria has been now for 18 months as close to a no-brainer as America ever has the opportunity to get involved in in foreign policy,” he said. As for a no-fly zone, he noted that there are many options for imposing it, including using Patriot missile batteries in Turkey and Jordan to blast Syrian planes out of the air, and attacking Syrian air bases with missiles fired from ships offshore. But Syria is not Lieberman’s only target. If Assad goes down, he said, “Iran and its radical regime suffers a body blow.”

    Whether anybody in the Senate wants to say so or not, the possible actions that the amendment proposes to be studied would be acts of war, and President Obama has already demonstrated a propensity for engaging in acts of war without the Constitutionally- and statutorily-required Congressional actions.

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December 7, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on US Senate Demands Syria War Plan!

Obama’s Ally in Libya and Syria: Al-Qaeda!

“Al Qaeda is a creation of the US intelligence apparatus! It is extremely well documented ! Many of the terrorist attacks are in fact orchestrated by the US intelligence and military!” – Michel Chossudovsky P2, 7:40 onwards

  • Obama’s Ally in Libya and Syria: Al-Qaeda! 
    by http://larouchepac.com/ 
    While claiming to have eliminated Al-Qaeda, the Obama administration has clearly adopted a policy of allying with the British-Saudi-controlled enemy. In overthrowing Qaddafi, the Obama administration allied directly with supporters of Al-Qaeda, who fought against the U.S. in both Iraq and Afghanistan. Those same Al-Qaeda forces in Libya who murdered U.S. Ambassador Chris Stevens and three other Americans in Benghazi, have now gone from Libya to Syria to aid the Obama administration in overthrowing the government of Bashar al-Assad.

    A new French documentary reveals how last year’s Libyan rebellion was inspired by al-Qaeda and its founder Osama bin Laden. Filmmaker Kamal Redouani’s “The Arab Spring: Springboard for Radicals?” was first aired in late October on the French pay channel Canal+ and was recently rebroadcast by the Belgian public broadcaster RTBF. As part of the film, Redouani traveled to the Libyan city of Derna, some 150 miles east of Benghazi. Derna was in many ways the military epicenter of the rebellion against Qaddafi. It was in Derna that a leading rebel commander Abdul-Hakim al Hasadi assembled a battalion of some thousand rebels fighters. According to Redouani, Derna is today run by al-Hasadi and his family. Redouani was accompanied into town by Ahmed al-Hasadi, one of Abdul-Hakim’s brothers, who explained to Redouani that the population of Derna is the “cradle of jihad.”

    It should also be noted that Abu Sufian bin Qumu, the leader of Ansar al-Sharia, the al-Qaeda-affiliated group reportedly responsible for the attack on the Benghazi mission on 9/11 2012, is also from Derna.

    Both al-Hasadi and bin Qumu were handed over by Pakistani authorities to the U.S. in 2001 after the U.S. invasion of Afghanistan. Hasadi was released to Libya two months later. Bin Qumu spent six years at Guantanamo Bay. In Libya both were imprisoned in the Abu Salim prison. In 2010, they were both released by Qaddafi as part of a reconcilation with Islamists in Libya. In 2011 bin Qumu became the leader of Ansar al-Sharia based in Derna. Both were instrumental in leading the Obama-backed rebellion against Qaddafi.

    Previously, bin Qumu worked for Osama bin Laden’s holding company in Sudan and later for an al-Qaeda-linked charity in Afghanistan. He was also the driver of Osama bin Laden.

    A 2007 study of al-Qaeda personnel records by the Combating Terrorism Center at West Point, found that Derna sent more foreign fighters to al-Qaeda in Iraq than any other city or town and far more in per-capita terms. In a March 2011 interview with the Italian newspaper Il Sole 24 Ore, Abdul-Hakim al-Hasadi admitted to having personally recruited many such fighters.

    According to John Rosenthal, author of a forthcoming book, “The Jihadist Plot: The Untold Story of Al-Qaida and the Libyan Rebellion,” as Redouani puts it, “the political and religious reference point for the al-Hasadi family is the founder of al-Qaida,” Osama bin Laden. The younger brother of Ahmed and Abdul-Hakim, Ashraf, told him that bin Laden was “an extraordinary person, a real jihadist and a real resistance fighter.” Ashraf noted that “without September 11, there would not have been any revolution in the Arab world.” In April 2011, the elder brother, Abdul-Hakim, told the French magazine Le Nouvel Observateur that bin Laden and current al-Qaeda chief Ayman al-Zawahiri “are great heroes of the Ummah [the Islamic community].” He said he never was “lucky enough” to fight alongside bin Laden, but he had frequently spent time with al-Zawahiri in Afghanistan.

    read more!
  • Terrorism And The Illuminati! A 3,000 Year History! by David Livingstone
    Contrary to myth being fabricated, Islam does not pose a threat to the West. Rather, Islamic “terrorist” organizations have been created to serve Western imperialistic objectives. These groups are intertwined with Western power through a network of occult secret societies. This relationship dates back to sixth century BC, and the birth of the Kabbalah, in Babylon; a plot to seek world domination through the use of magic and deception.

http://www.terrorism-illuminati.com/content/complete-online-version

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December 7, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , | Comments Off on Obama’s Ally in Libya and Syria: Al-Qaeda!

Extraterrestrial UFOs Are Real: Ben Rich Lockheed Skunk Works CEO Admits on His Deathbed !

  • Ben Rich, the “Father of the Stealth Fighter-Bomber” and former head of Lockheed Skunk Works,had once let out information about Extraterrestrial UFO Visitors Are Real. He states “we’ve” been to the stars” and “have the technology to go to the stars”, however, put in context–as many insiders believe–we’ve been taken to other planets by means of extraterrestrial ships due to radiation belt, so while we have the technology to go, we have to be “taken due to radiation belt and our bodies would not handle it–i.e.–why some have proposed we ride along [?] … are taken [?]

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December 7, 2012 Posted by | Social Trends | , , , | 1 Comment

Zionist Israel Waging War on Palestine!

  • Waging War on Palestine! 
    by Stephen Lendman (Jew), http://sjlendman.blogspot.com/ 
    Palestinians know what they’re up against. UN success changed nothing on the ground. Daily Israeli state terror continues. World leaders do nothing to help.

    Rhetorical Palestinian support rings hollow. Americans like to say: Put your money where your mouth is. World leaders able to change things put theirs on Israel. They’re complicit with US/Israeli imperial crimes. They spurn Palestinian rights. Their suffering continues daily. On December 1, Israeli soldiers shot two more Gazans.

    They accosted, arrested and detained another 13 Palestinian fishermen. Their “crime” was fishing in their own waters. On November 21, Israel accepted memorandum of understanding terms. Both sides agreed to end conflict.

    It continues unabated. Israel bears full responsibility. It bears repeating. Its word isn’t worth the paper it’s written on. Rogue states operate that way. Israel is one of the worst. It matches the worst of regional tyranny. It’s unsafe to live in. Even Jews for justice are targeted. Israel tolerates no opposition.

    Shock troops attacked peaceful West Bank protesters. They arrested dozens lawlessly. They terrorize Palestinian communities. Occupation harshness continues. Life for Palestinians is hell.

    A new Palestinian Detainee Research Center (PDRC) report said Israel “kidnapped” 650 Palestinians in November. Included were 85 children, seven women, and six legislators. Fourteen PLC members are imprisoned for belonging to the wrong political parties.

    After gaining power in 1933, Hitler eliminated political opposition the same way. Social democrats, communists, union officials, and others were arrested, imprisoned, or murdered.

    PDRC said Israel throughout November conducted over 300 incursions into Palestinian communities – over 10 per day on average. Peace, equity, justice, and liberation remain distant dreams. Israeli state terror prevents them. A December 1 International Solidarity Movement (ISM) headline expressed today’s reality:

    “New state, same occupation: violence in Qaryut as villagers attempt to remove illegal roadblock.”

    ISM meant new status. Palestinian statehood was achieved over 24 years ago. The UN vote had nothing to do with reaffirming what already exists. ISM said Israeli soldiers attacked peaceful protesters. On November 30, they fired rubber bullets and tear gas canisters into a crowd at close range.

    Palestinians wanted an illegal road block on their own land removed. Israel terrorized them. Injuries resulted. Several hurt required hospitalization. Attacks like this are frequent.

    read more!
  • Mr. Benjamin Freedman, a Jewish industrialist born in New York, wrote in the Economic Council Letter published there of October 15 1947: “These Eastern European Jews have neither a racial nor a historic connection with Palestine. Their ancestors were not inhabitants of the Promised Land. They are the direct descendants of the people of the Khazar Kingdom. The Khazars were a non-Semitic, Turko-Mongolian tribe.” Mr. Freedman was challenged, unwisely, by a Zionist objector; he invited his challenger to go with him to the Jewish room of the New York Public Library. There they could together examine the Jewish Encyclopedia volume I pp. 1-12, and the published works of Graetz, Dubnow, Friedlander, Raisin and many other noted Jewish historians, which, as well as other non-Jewish authorities, “establish the fact beyond all possible doubt”.’
    ~ Somewhere South of Suez (1950) pp349-350.”
  • See also:

    Ashkenazis ‘Self Styled’ Jews Are NOT the Descendants of the Ancient Israelites!
    Benjamin Freedman: Ashkenazi Khazars Self Style “Jews” Are Not Semitic And Not The Biological Descendents of The 12 Tribes of Israel !
    The 13th Tribe of Khazaria! Ashkenazi Khazars Are Not The Jews of The Bible!

    Modern Ashkenazi Jews are not the Jews of the Bible
    !

    New Genetic Research Confirms Koestler’s “Khazar” Theory! Ashkenazi Jews Are Not The Jews of The Bible
    !
    Ashkenazi Jews are Turkic Khazars! They Are Not The Israelites of The Bible! Not The Biological Descendents of The 12 Tribes of Israel !
https://socioecohistory.wordpress.com/2011/03/02/jewish-historian-ilan-pappe-history-of-zionism-genocide-and-ethnic-cleansing-of-palestine/

Genocide and Ethnic Cleansing by Zionist ‘666’ Israel !!!

https://socioecohistory.wordpress.com/2011/05/26/ashkenazi-jews-are-not-descendents-of-the-biblical-israelites-2/

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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December 7, 2012 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | Comments Off on Zionist Israel Waging War on Palestine!

Lindsey Williams: The Illuminati’s Plan for America for The Next 4 Years!

  • 10 agendas for the coming 4 years:

    – Renegade Illuminati elite faction!
    – There will not be a collapse yet! It is going to happen but not yet!
    – They have not created enough debt.
    – There is going to be “forced debt creation”! They are going to “forced debt” on everyone, nations, corporations, students, … !
    – The middle class of America will be taxed into oblivion!
    – Devaluation formula for US Dollar.
    – FedRes QE devalues dollar by 3-4% per month!
    – The dollar will be phased out over the next 4 years!
    – The debt limit is going to be suspended.
    – 15 nations (3 billion Asians) met in Phnom Penh and decided not to use the US dollar in trade.
    – New factions. 3 factions: old Illuminati elites, out of control Obama faction, renegade elite faction: BRICS
    – There will never be another honest election in America.
    – The agenda of the Devil’s Messiah program!
    – Millions of Muslims will be brought into America and become citizens.
    – ‘Fiscal cliff’ propaganda to push through “forced debt” creation.
    – Debt enslavement to lay the groundwork for the New World Order.
    – ‘Tax the rich’ is propaganda/psyop!
    – Obamacare: Under 30hours/week employees need not subscribe to it.
    – Walmart will be cutting thousands of employees to less than 30hrs/week.
    – More corporations will be converting full time jobs to part time under 30hrs/wk.
    – The Illuminati elites want to own all mortgages ie. real estate in America.
    – By 2016 Gold is going to US$3000/oz. Currency of elite is gold and silver!
    – 70% of Americans will be on some sort of government support/welfare by 2016!
    – Older elites (faction) fear an out of control Obama!
    – The elites do not want civil war or uprising.

    – and many more issues ….

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December 7, 2012 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lindsey Williams: The Illuminati’s Plan for America for The Next 4 Years!

70 Years of Lying About Pearl Harbor!

ROOSEVELT KNEW ABOUT PEARL HARBOR BEFORE IT HAPPENED!

ROOSEVELT KNEW ABOUT PEARL HARBOR BEFORE IT HAPPENED!

  • 70 Years of Lying About Pearl Harbor! 
    by davidswanson, http://warisacrime.org/ 
    British Prime Minister Winston Churchill’s fervent hope for years was that Japan would attack the United States. This would permit the United States (not legally, but politically) to fully enter World War II in Europe, as its president wanted to do, as opposed to merely providing weaponry and assisting in targeting of submarines as it had been doing. Of course, Germany’s declaration of war, which followed Pearl Harbor and the immediate U.S. declaration of war on Japan, helped as well, but it was Pearl Harbor that radically converted the American people from opposition to support for war.

    President Franklin Delano Roosevelt had tried lying to the American people about U.S. ships including the Greer and the Kerny, which had been helping British planes track German submarines, but which Roosevelt pretended had been innocently attacked. Roosevelt also lied that he had in his possession a secret Nazi map planning the conquest of South America, as well as a secret Nazi plan for replacing all religions with Nazism. And yet, the people of the United States didn’t buy the idea of going into another war until Pearl Harbor, by which point Roosevelt had already instituted the draft, activated the National Guard, created a huge Navy in two oceans, traded old destroyers to England in exchange for the lease of its bases in the Caribbean and Bermuda, and — just 11 days before the “unexpected” attack — he had secretly ordered the creation of a list of every Japanese and Japanese-American person in the United States.

    On April 28, 1941, Churchill wrote a secret directive to his war cabinet:
    “It may be taken as almost certain that the entry of Japan into the war would be followed by the immediate entry of the United States on our side.”

    On May 11, 1941, Robert Menzies, the prime minister of Australia, met with Roosevelt and found him “a little jealous” of Churchill’s place in the center of the war. While Roosevelt’s cabinet all wanted the United States to enter the war, Menzies found that Roosevelt,

    ” . . . trained under Woodrow Wilson in the last war, waits for an incident, which would in one blow get the USA into war and get R. out of his foolish election pledges that ‘I will keep you out of war.'”

    read more!
Surprise Attack My Ass!

Surprise Attack My Ass!

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December 7, 2012 Posted by | GeoPolitics, History | , , , , | Comments Off on 70 Years of Lying About Pearl Harbor!

Signs of Biological Life Discovered on Mars and Mercury?!

Part 2  ,  Part 3

  • NASA means Never A Straight Answer! They have an agenda to hide the truth from the sheeple because of the 1960 Brookings Report. See also:

    NASA Backs Off on Mars ‘Historic Announcement’ !
    Dr. Tom Van Flandern Ex Chief Astronomer & Dr. Brian O’Leary Ex Astronaut: Life On Mars! Artificial Structures, Ancient Ruins, Trees ….
    Flashback 2008: World-Class Astrobiologist Says “NASA’s Hiding Current Life on Mars!”
    Flashback 2008: Scientist Claims Mars has ‘Contemporary’ Life!
    ‘It’s 99% Certain There is Life on Mars’: Shock Finding As Scientists Re-Analyse Soil Samples from Seventies Viking Lander!
  • Signs of Biological Life Discovered on Mars and Mercury?! 
    by JG Vibes, theintelhub.com 
    The possibility of extraterrestrial contact has been pondered for ages but in recent history there has been an incredible amount of public interest in the topic.


    Until recently the discussion of extraterrestrial life has been a very underground topic.  In the beginning of the 21st century the sightings and other evidence that supports extraterrestrial life became staggering.  The scientific community has even been making incredible progress in the search for life supporting planets and alien organisms.

    Just in the past week the first signs of life have been reported from both Mars and Mercury.

    Discovery News Reported that:
    “NASA dispatched the Curiosity rover to Mars to look for organics, but a probe orbiting Mercury has beaten it to the punch.

    New results from the MESSENGER spacecraft not only confirm that the planet closest to the sun has ice inside shaded craters near the north pole, but that a thin layer of very dark organic material seems to be covering a good part of the frozen water.

    Both likely arrived via comets or asteroids millions — or hundreds of millions — of years ago.”

    Lead MESSENGER scientist Sean Solomon, with Columbia University, told Discovery News that:
    “It could easily have been delivered by comets and asteroids, along with water ice, and may even have darkened in the Mercury environment in response to the intense radiation and space weathering. Certainly the darkness of the covering material was a surprise and the explanation that seems to fit all the data is that it’s organic material. It’s quite interesting,”

    Days later signs of life were reported on Mars as well.  National Geographic Reported that:
    “NASA‘s Mars rover Curiosity has detected several simple carbon-based organic compounds on Mars, but it remains unclear whether they were formed via Earthly contamination or whether they contain only elements indigenous to the planet.

    Speaking at the American Geophysical Union annual meeting in San Francisco, Curiosity mission leaders also said that the compound perchlorate—identified previously in polar Mars—appeared to also be present in Gale Crater, the site of Curiosity’s exploration.

    The possible discovery of organics—or carbon-based compounds bonded to hydrogen, also called hydrocarbons—could have major implications for the mission’s search for more complex organic material.

    It would not necessarily mean that life exists now or ever existed on Mars, but it makes the possibility of Martian life—especially long ago when the planet was wetter and warmer—somewhat greater, since available carbon is considered to be so important to all known biology.”

    There has been much controversy about the findings on Mars, and there has been little talk in the media at all about the findings on Mercury, but the implications of both are huge.  Life, and the possibility of life, is far more abundant in this universe than we ever imagined.
http://www.marsanomalyresearch.com/evidence-reports/2011/200/mars-biolife-samples.htm

Plants / Trees?

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December 7, 2012 Posted by | Science & Technology | , | Comments Off on Signs of Biological Life Discovered on Mars and Mercury?!

US Diverting Focus from Israeli Nukes: Analyst !

Israel has hundreds of nuclear weapons! Just ask Jimmy Carter!

Israel has hundreds of nuclear weapons! Just ask Jimmy Carter!

http://www.spiegel.de/international/world/israel-deploys-nuclear-weapons-on-german-submarines-a-836671.html

Who is threatening who with nuclear annihilation?!

US_Military_Bases_Surrounding_Iran

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December 7, 2012 Posted by | GeoPolitics | , , , , , , , , , , , , , , | Comments Off on US Diverting Focus from Israeli Nukes: Analyst !

Professor Noam Chomsky(Jew): What the American Media Won’t Tell You About Israel !

  • Noam Chomsky: What the American Media Won’t Tell You About Israel! 
    By Noam Chomsky, http://www.alternet.org/ 
    The savage punishment of Gaza traces back to decades ago.
    An old man in Gaza held a placard that read: “You take my water, burn my olive trees, destroy my house, take my job, steal my land, imprison my father, kill my mother, bombard my country, starve us all, humiliate us all, but I am to blame: I shot a rocket back.”

    The old man’s message provides the proper context for the latest episode in the savage punishment of Gaza. The crimes trace back to 1948, when hundreds of thousands of Palestinians fled from their homes in terror or were expelled to Gaza by conquering Israeli forces, who continued to truck Palestinians over the border for years after the official cease-fire.

    The punishment took new forms when Israel conquered Gaza in 1967. From recent Israeli scholarship (primarily Avi Raz’s “The Bride and the Dowry: Israel, Jordan, and the Palestinians in the Aftermath of the June 1967 War”), we learn that the government’s goal was to drive the refugees into the Sinai Peninsula – and, if feasible, the rest of the population too.

    Expulsions from Gaza were carried out under the direct orders of Gen. Yeshayahu Gavish, commander of the Israel Defense Forces Southern Command. Expulsions from the West Bank were far more extreme, and Israel resorted to devious means to prevent the return of those expelled, in direct violation of U.N. Security Council orders.

    The reasons were made clear in internal discussions immediately after the war. Golda Meir, later prime minister, informed her Labor Party colleagues that Israel should keep the Gaza Strip while “getting rid of its Arabs.” Defense Minister Moshe Dayan and others agreed.

    Prime Minister Levi Eshkol explained that those expelled could not be allowed to return because “we cannot increase the Arab population in Israel” – referring to the newly occupied territories, already considered part of Israel.

    In accord with this conception, all of Israel’s maps were changed, expunging the Green Line (the internationally recognized borders) – though publication of the maps was delayed to permit Abba Eban, an Israeli ambassador to the U.N., to attain what he called a “favorable impasse” at the General Assembly by concealing Israel’s intentions.

    The goals of expulsion may remain alive today, and might be a factor in contributing to Egypt’s reluctance to open the border to free passage of people and goods barred by the U.S.-backed Israeli siege.

    read more!

    Avram Noam Chomsky (/ˈnm ˈɒmski/; born December 7, 1928) is an American linguist, philosopher,[8][9] cognitive scientist, logician,[10][11] historian, political critic, and activist. He is an Institute Professor and Professor (Emeritus) in the Department of Linguistics & Philosophy at MIT, where he has worked for over 50 years.
http://blogs.timesofisrael.com/jews-do-control-the-media/

Click on image to goto article!

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

“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” from 4:22 onwards

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December 7, 2012 Posted by | GeoPolitics, History, Social Trends | , , , , , , , , , , , , , | Comments Off on Professor Noam Chomsky(Jew): What the American Media Won’t Tell You About Israel !

Ben Davies: Gold Shorts Are Now Exposed to a Price Spike!

Saturn_V_rocket_Vector_100_by_rogelead

  • Ben Davies – Gold Shorts Are Now Exposed To a Price Spike! 
    by www.kingworldnews.com
    Today Ben Davies spoke with King World News about the shorts now being vulnerable to a price spike in gold.  He also discussed surging Chinese demand and supply troubles.  But first, here is what the rising star had to say about the action in gold:  “I actually think we are in and around the lows now, and the market will continue to stabilize here.  The other point would be that the fundamentals behind gold, in terms of mining supply, the cost of extraction, the grade degradation, this is a real issue.”

    “You’ve had the CEO of Barrick saying, effectively, ‘gold extraction isn’t really economically feasible at these levels.  New supply isn’t going to come on until at least $3,000 (gold).’  So there really isn’t the supply.  China is a great example of where they’ve got desperate mining. In 2011 they had 360 tons of supply….

    read more!

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December 7, 2012 Posted by | Economics | , | Comments Off on Ben Davies: Gold Shorts Are Now Exposed to a Price Spike!