The Latest from Jim Willie from Silver Doctors
''With Russia, South Korea, Japan, Iran, India, and Australia onboard
with Chinese Yuan swap deals, one must suspect that a critical mass of
perhaps half of global trade is conducted outside the USDollar shadow.
This is a growing critical mass that acts much like scattered pylons on
which to place a new trading platform. The key is that the collection of
bilateral trade conducted by China is no longer done in USDollars.
The objections are openly stated, that nations do not find it obligatory
to settle trade in a third-party currency like the USDollar, especially
when the US central bank is flooding the system with USDollars of
highly suspicious origin but with very certain negative ramifications on
the value of nationally managed reserve systems. The other big more
recent hint is that Turkey is serving as a test site for trade
settlement in Gold. Ankara bazaars are providing Gold in giant
quantities, used in satisfying trade payments. So far the sleep Anglo
bankers consider it minor, and operating in the Iranian shadows. They
are wrong.''
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Showing posts with label GOLD. Show all posts
Showing posts with label GOLD. Show all posts
Thursday, February 7, 2013
Friday, February 1, 2013
F William Engdahl: ''Mali and AFRICOM’s Africa Agenda: Target China
From Phantom Report
By F William Engdahl
''On January 20 Britain’s Prime Minister David Cameron announced his country’s curious resolve to dedicate itself to deal with “the terrorism threat” in Mali and north Africa. Cameron declared, “It will require a response that is about years, even decades, rather than months, and it requires a response that…has an absolutely iron resolve…” [1] Britain in its colonial heyday never had a stake in Mali. Until it won independence in 1960, Mali was a French colony.''
''Mali itself, like much of Africa is rich in raw materials. It has large reserves of gold, uranium and most recently, though western oil companies try to hide it, oil, lots of oil. The French preferred to ignore Mali’s vast resources, keeping it a poor subsistence agriculture country. Under the deposed democratically-elected President Amadou Toumani Toure, for the first time the government initiated a systematic mapping of the vast wealth under its soil. According to Mamadou Igor Diarra, previous mining minister, Malian soil contains copper, uranium, phosphate, bauxite, gems and in particular, a large percentage of gold in addition to oil and gas. Thus, Mali is one of the countries in the world with the most raw materials. With its gold mining, the country is already one of the leading exploiters directly behind South Africa and Ghana. [6] Two thirds of France’s electricity is from nuclear power and sources of new uranium are essential. Presently, France draws significant uranium imports from neighboring Niger.''
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By F William Engdahl
''On January 20 Britain’s Prime Minister David Cameron announced his country’s curious resolve to dedicate itself to deal with “the terrorism threat” in Mali and north Africa. Cameron declared, “It will require a response that is about years, even decades, rather than months, and it requires a response that…has an absolutely iron resolve…” [1] Britain in its colonial heyday never had a stake in Mali. Until it won independence in 1960, Mali was a French colony.''
''Mali itself, like much of Africa is rich in raw materials. It has large reserves of gold, uranium and most recently, though western oil companies try to hide it, oil, lots of oil. The French preferred to ignore Mali’s vast resources, keeping it a poor subsistence agriculture country. Under the deposed democratically-elected President Amadou Toumani Toure, for the first time the government initiated a systematic mapping of the vast wealth under its soil. According to Mamadou Igor Diarra, previous mining minister, Malian soil contains copper, uranium, phosphate, bauxite, gems and in particular, a large percentage of gold in addition to oil and gas. Thus, Mali is one of the countries in the world with the most raw materials. With its gold mining, the country is already one of the leading exploiters directly behind South Africa and Ghana. [6] Two thirds of France’s electricity is from nuclear power and sources of new uranium are essential. Presently, France draws significant uranium imports from neighboring Niger.''
read more
Saturday, January 26, 2013
Tuesday, January 22, 2013
''The One Chart That Explains the Massive Risk of Investing in Gold & Gold Stocks''
From smartknowledgeU via Zerohedge
''One of the main reasons why it is still likely that only 1% of all global invested assets are invested in gold is the psychological hatchet job that Wall Street and the global banking industry has performed on gold and gold stocks. For decades, bankers have repeated their false mantra that “gold and silver are incredibly risky”, using the strategy that if you tell a lie often enough, it may just be accepted as truth by the masses. The fact that millions of investors today still won’t even consider buying the top performing asset classes for more than the past decade (physical gold and physical silver, NOT the GLD and SLV), serves as testimony to the success of the bankers’ anti-gold, anti-silver propaganda campaign.''
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''One of the main reasons why it is still likely that only 1% of all global invested assets are invested in gold is the psychological hatchet job that Wall Street and the global banking industry has performed on gold and gold stocks. For decades, bankers have repeated their false mantra that “gold and silver are incredibly risky”, using the strategy that if you tell a lie often enough, it may just be accepted as truth by the masses. The fact that millions of investors today still won’t even consider buying the top performing asset classes for more than the past decade (physical gold and physical silver, NOT the GLD and SLV), serves as testimony to the success of the bankers’ anti-gold, anti-silver propaganda campaign.''
read more
Thursday, January 17, 2013
''A new Gold Standard is being born''
From The Telegraph
''Neither the euro nor the dollar can inspire full confidence, although for different reasons. EMU is a dysfunctional construct, covering two incompatible economies, prone to lurching from crisis to crisis, without a unified treasury to back it up. The dollar stands on a pyramid of debt. We all know that this debt will be inflated away over time – for better or worse. The only real disagreement is over the speed.
The central bank buyers are of course the rising powers of Asia and the commodity bloc, now holders of two thirds of the world’s $11 trillion foreign reserves, and all its incremental reserves.''
read more
''Neither the euro nor the dollar can inspire full confidence, although for different reasons. EMU is a dysfunctional construct, covering two incompatible economies, prone to lurching from crisis to crisis, without a unified treasury to back it up. The dollar stands on a pyramid of debt. We all know that this debt will be inflated away over time – for better or worse. The only real disagreement is over the speed.
The central bank buyers are of course the rising powers of Asia and the commodity bloc, now holders of two thirds of the world’s $11 trillion foreign reserves, and all its incremental reserves.''
read more
Sunday, January 6, 2013
Wednesday, December 26, 2012
Jim Willie: 'The Gold War'
From SilverDoctors
''The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme.''
read more
''The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme.''
read more
Friday, December 21, 2012
VOLCKER: ''The Triumph of Persistence''
''A Discussion of VOLCKER: The Triumph of Persistence featuring Paul A. Volcker, Former Chairman of the Federal Reserve Board and Professor William L. Silber, Marcus Nadler Professor of Finance and Economics
Moderated by Francesco Guerrera, Editor, Money & Investing, The Wall Street Journal''
October 15, 2012
Gold: 'Independent Money'
''Short animation arguing for re-introduction of gold as money because of its independence. Written and narrated by Dominic Frisby. Animated by Pola Gruszka. Sponsored by Gold Resource Corporation.''
''Top Ten Reasons Why Fiat Currency Is Superior to Gold (or Silver) Money''
From Financial Sense
By John Butler
''In the spirit of the holidays and hope for a more prosperous 2013, I thought my readers might appreciate a little humor to partially offset the relentless doom and gloom associated with the Amphora Report. So please, don’t take this edition too seriously. But if you happen to stumble across a ‘paperbug’ or two over the holidays, perhaps you could share some of the points made here. Humor sometimes helps people realize just how hopelessly misguided they are. Cheers!''
read more
By John Butler
''In the spirit of the holidays and hope for a more prosperous 2013, I thought my readers might appreciate a little humor to partially offset the relentless doom and gloom associated with the Amphora Report. So please, don’t take this edition too seriously. But if you happen to stumble across a ‘paperbug’ or two over the holidays, perhaps you could share some of the points made here. Humor sometimes helps people realize just how hopelessly misguided they are. Cheers!''
read more
Wednesday, December 19, 2012
''Gold Confiscation? Will the Chinese Yuan replace the US Dollar?'' Julian Phillips on GoldSeek.com TV
Published on Dec 18, 2012
GoldSeek.com TV presents an exclusive interview with South Africa's top gold analyst, Julian Phillips (http://www.GoldForecaster.com). He discusses several topics with interviewer Jonathan Roth (http://www.GoldSeek.com), including:
- Will the Chinese Yuan replace the US Dollar as the world's reserve currency?
- Will gold continue to climb while paper currencies depreciate?
- Could gold be confiscated by national governments?
Taped on-location in Johannesburg, South Africa.
- Will the Chinese Yuan replace the US Dollar as the world's reserve currency?
- Will gold continue to climb while paper currencies depreciate?
- Could gold be confiscated by national governments?
Taped on-location in Johannesburg, South Africa.
Tuesday, December 18, 2012
''CURRENCY CARTEL: Counterfeiting "Risk Free"
From GoldSeek
''An
'expiring' Petro$$ Strategy, a shift by central banks of the emerging
countries to buying gold and the shrinking of the US as a trade and
industrial power, have shifted the foundation of the US$ as the global
reserve currency.
Nothing
is going to happen tomorrow! It is likely, as things worsen due to the
problems of unsound money and fiat currencies, that the US will be the
last currency to fall.
The
problem now is the inevitability of a fiat system failure, and when it
does, that it will fail catastrophically with unimaginable and
protracted consequences. The path we are on leaves few solutions other
than accelerated money printing, which is exactly what we are witnessing
with.''
''Why A Weimar-Style Hyperinflation Will Never Occur In The West...''
From GoldSeek
By Tekoa Da Silva
Money today is digital, and all money can be controlled through digital mechanisms. Money can be "shut-off", the flow of money can be temporarily halted, and money supply can be "erased". Additionally, tools within the banking system, such as a debts being called-in on mortgages, credit lines & access to credit being eliminated, can create money-draughts and reduce the money supply. An economy wide debt-calling collection would create a shortage of money, along with forced liquidations of financial assets and commodities.''
read more
By Tekoa Da Silva
''I saw a YouTube video published
by Nick Barisheff recently (not an endorsement), which details his
argument for hyperinflation and $10,000 oz. gold. While I don't doubt
the possibility of $10,000 oz. gold, I’m highly skeptical of the
possibility of hyperinflation in the United States and Europe. The
reason is simple: Money today is not what money was 50 or 100 years ago.
Money today is digital, and all money can be controlled through digital mechanisms. Money can be "shut-off", the flow of money can be temporarily halted, and money supply can be "erased". Additionally, tools within the banking system, such as a debts being called-in on mortgages, credit lines & access to credit being eliminated, can create money-draughts and reduce the money supply. An economy wide debt-calling collection would create a shortage of money, along with forced liquidations of financial assets and commodities.''
read more
''Silver is money too''
From GoldMoney
''In order to understand the demonetisation of silver and later gold, one needs to explore the events in America of the period 1890-1913, which were dominated by Morgan, Rockefeller, Kuhn and Loeb interests. They wished to be able to charge interest on an exponentially increasing monetary supply – for obvious reasons.
During this time they went about setting the agenda for switching to a paper based monetary system by appealing to and bribing opinion leaders in politics, business and academia. Bound together by common interest, the elite went on to cheat the public. First they dealt with silver in the USA with the Gold Act of 1900. Then they joined their British and European counterparts to create the Commission for International Exchange, to convince the Third World that silver was not money, and that they should instead accept paper money backed by imaginary gold instead.''
read more
''In order to understand the demonetisation of silver and later gold, one needs to explore the events in America of the period 1890-1913, which were dominated by Morgan, Rockefeller, Kuhn and Loeb interests. They wished to be able to charge interest on an exponentially increasing monetary supply – for obvious reasons.
During this time they went about setting the agenda for switching to a paper based monetary system by appealing to and bribing opinion leaders in politics, business and academia. Bound together by common interest, the elite went on to cheat the public. First they dealt with silver in the USA with the Gold Act of 1900. Then they joined their British and European counterparts to create the Commission for International Exchange, to convince the Third World that silver was not money, and that they should instead accept paper money backed by imaginary gold instead.''
read more
Monday, December 17, 2012
''Debasement is Still Inevitable: Another Year for the Real Cupronickel Nickel?''
From Survival Blog
''Hopefully the Mint's dawdling will give us another year or two to stack up our boxes of nickels. (Once a composition change takes place, we will have to laboriously sort nickels.) If you read the contractor's report, you'll see that one of the goals of the planned debasement is that is be "seamless", meaning: "Differences and abilities to recognize or process incumbent coins and coins produced from alternative material candidates cannot be distinguished through normal coin processing." That is bureaucratic doublespeak for "Let's make our new worthless tokens look like real coins, even to vending machines."
read more
''Hopefully the Mint's dawdling will give us another year or two to stack up our boxes of nickels. (Once a composition change takes place, we will have to laboriously sort nickels.) If you read the contractor's report, you'll see that one of the goals of the planned debasement is that is be "seamless", meaning: "Differences and abilities to recognize or process incumbent coins and coins produced from alternative material candidates cannot be distinguished through normal coin processing." That is bureaucratic doublespeak for "Let's make our new worthless tokens look like real coins, even to vending machines."
read more
''LBJ and the Destruction of American Currency''
From American Thinker
''Just two months after Kennedy's assassination, in his first economic report to Congress, Johnson recommended that America "expedite the release of silver from the coinage." Johnson discontinued the issuance of silver certificates in 1964, and the process of retiring the outstanding certificates began. As if that were not damaging enough, Johnson followed with his second major monetary reform in 1965, claiming that "the growing shortage of silver" had to be addressed.
On July 23, Johnson signed the Coinage Act of 1965, smashing the founders' Coinage Act of 1792. Whereas our Founders instituted the death penalty for debasing the currency of American citizens, Johnson arrogantly justified his move in the name of potential "coin shortages."
''Just two months after Kennedy's assassination, in his first economic report to Congress, Johnson recommended that America "expedite the release of silver from the coinage." Johnson discontinued the issuance of silver certificates in 1964, and the process of retiring the outstanding certificates began. As if that were not damaging enough, Johnson followed with his second major monetary reform in 1965, claiming that "the growing shortage of silver" had to be addressed.
On July 23, Johnson signed the Coinage Act of 1965, smashing the founders' Coinage Act of 1792. Whereas our Founders instituted the death penalty for debasing the currency of American citizens, Johnson arrogantly justified his move in the name of potential "coin shortages."
''Goodbye to liberty''
From GoldMoney
By Alasdair Macleod
''The human race, in its advanced economic form, is committing euthanasia. The US, UK, Europe and Japan are all implementing economic policies that must ultimately result in the complete destruction of their currencies; and if you destroy the means of exchange of goods and services, your people will starve. The political class and government establishments have drifted in incremental steps into this tragedy. Far from being the guiding hand for society, they are its destroyers.''
read more
By Alasdair Macleod
''The human race, in its advanced economic form, is committing euthanasia. The US, UK, Europe and Japan are all implementing economic policies that must ultimately result in the complete destruction of their currencies; and if you destroy the means of exchange of goods and services, your people will starve. The political class and government establishments have drifted in incremental steps into this tragedy. Far from being the guiding hand for society, they are its destroyers.''
read more
''An Afghan Mystery: Why Are Large Shipments of Gold Leaving the Country?''
From NYTimes
''Packed into hand luggage and tucked into jacket pockets, roughly hewed bars of gold are being flown out of Kabul with increasing regularity, confounding Afghan and American officials who fear money launderers have found a new way to spirit funds from the country.''
read more
''Packed into hand luggage and tucked into jacket pockets, roughly hewed bars of gold are being flown out of Kabul with increasing regularity, confounding Afghan and American officials who fear money launderers have found a new way to spirit funds from the country.''
read more
''Dragon Family Gold and US Federal Reserve System''
part 1...........From Strategic Culture
''Keenan claims that before WWII the U.S. the Federal Reserve System (12 Federal Reserve Banks, to be more exact) had received enormous amounts of money – delivered in gold and other precious metals – from a group of several wealthy Chinese citizens to be kept for a long time. In return they got certificates testifying the money was placed for the benefit to be redeemed by Federal Reserve System on the expiration of specified term… The deal is murky concerning such details as the term of maturity and the amount of the sum transferred.''
continue reading
part 2
part 3
''Keenan claims that before WWII the U.S. the Federal Reserve System (12 Federal Reserve Banks, to be more exact) had received enormous amounts of money – delivered in gold and other precious metals – from a group of several wealthy Chinese citizens to be kept for a long time. In return they got certificates testifying the money was placed for the benefit to be redeemed by Federal Reserve System on the expiration of specified term… The deal is murky concerning such details as the term of maturity and the amount of the sum transferred.''
continue reading
part 2
part 3
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