Primarily my personal trading journal and thoughts/analysis on the financial markets (forex, futures, precious metals, inflation, stocks, economy, computerized trading strategies). I am not a registered investment adviser, and do not offer buy and sell recommendations of any given securities or asset classes. Please read disclaimer below at bottom of left panel.
The last time a story of Tungsten-filled gold appeared on the scene was just two years ago, and involved a 500 gram bar of gold full of tungsten, at the W.C. Heraeus foundry, the world's largest metal refiner and fabricator. It also became known that said "gold" bar originated from an unnamed bank. It is now time to rekindle the Tungsten Spirits with a report from ABC Bullion of Australia, which provides photographic evidence of a new gold bar that has been drilled out and filled with tungsten rods, this time not in Germany but in an unnamed city in the UK, where it was intercepted by a scrap metals dealer, and was supplied with its original certificate. The reason the bar attracted attention is that it was 2 grams underweight. Upon cropping it was uncovered that about 30-40% of the bar weight was tungsten. So two documented incidents in two years: isolated? Or indication of the same phenomonenon of precious metal debasement that marked the declining phase of the Roman empire. Only then it was relatively public for anyone who cared to find out on their own. Now, with the bulk of popular physical gold held in top secret, private warehouses around the world, where it allegedly backs the balance sheets of the world's central banks, yet nobody can confirm its existence, nor audit the actual gold content, it is understandable why increasingly more are wondering: just how much gold is there? And alongside that - while gold, (or is it GLD?), can be rehypothecated, can one do the same with tungsten?
... Read the rest here
In the last few articles, an attempt has been made on this site to
explore some real world scenarios that may be taking place behind the
scenes in regards to cold fusion and how government and otherwise
influential entities, like corporations and the military, may be
responding to the increasing body of evidence that cold fusion/LENR has
not been debunked and in fact its existence is supported by an ever
growing amount of evidence, and being confirmed by a wider and wider
group of scientists and researchers. If you have not read Tom Baccei’s
previous articles that explore such scenarios, they can be found here and here.
These have attempts to explain why in spite of the growing evidence
(actually undeniable if one takes the time to review the evidence
contained on this site and elsewhere, especially lenr-canr.org), the defining moment where the reality of this technology becomes apparent to the masses continues to be elusive. NASA’s January 12 LENR video
was very nearly the push that was needed to take this subject out of
the shadows. It actually succeeded but only for a very brief time.
Below are two charts related to LENR searches on Google. The first
chart plots Google searches for the term LENR from 2004 to the present.
The second chart plots Google searches for the term NASA LENR from 2004
to the present.
Nov. 17 (Bloomberg) -- Marcus Grubb, managing director of investment
research at the World Gold Council, talks about the outlook for gold
after demand rose 6 percent in the third quarter from a year earlier. He
speaks with Owen Thomas on Bloomberg Television's "Countdown." (Source:
Bloomberg)
If it can happen to financial and geopolitical trends expert Gerald Celente who has been trading gold (taking physical delivery of futures contracts) since 1978 it can happen to you. Here is what happened. Mr. Celente was trading gold futures in order to take physical delivery on the December contract from his Lind-Waldock account. He did not realize Lind-Waldock had been bought out by the now bankrupt MF Global, headed by ex-New Jersey governor and Goldman Sachs CEO Jon Corzine, until Corzine resigned due to the scandal. MF Global was taken down by bad bets it made in Eurozone investments. The Eurozone is crumbling. Gerald Celente can not get his money (six figures) now. 150,000 people are in a similar situation per Celente. This highlights bankster fraud/theft and the danger of trading in paper derivatives. MF Global was supposed to segregate customer accounts from their own trading accounts which apparently they did not do.
On CNBC's Power Lunch, Michelle Caruso-Cabrera and Tyler Mathesen interview one of the world's most respected technical analysts Louise Yamada concerning the direction of gold. Ms. Yamada sees a near term target of $2000 and $5200 by 2018 based on parallel channel lines drawn as far back as 1970.
Those that are familiar with my writings about gold and silver for the last six years know that I have said gold was cheap at $500, $600, $700, $800, $1000 and $1,200 a troy ounce and know that I have said silver was cheap at $11, $12, $14, $16, $25, and $30 a troy ounce. Today, I will reiterate that gold is still cheap in the $1500 to $1600 range and that silver is still cheap in the $40 range because the largest movements in gold and silver prices as well as gold and silver mining stocks have still not happened and will materialize over the next four to five years. Again, this doesn’t mean that gold and silver can’t or won’t correct or consolidate again in the future because both PMs always do. I have written publicly so much about this topic over the years (and even in much greater depth to my subscribing members) because I truly believe it is insanity not to participate in one of the best ways to invest in gold and silver today – the ownership of physical gold and physical silver.
Hundreds of millions of investors worldwide, influenced by the propaganda of Western bankers, have consciously made poor decisions not to own a single ounce of physical gold and physical silver today. One of the first realities an investor must understand about the gold and silver market is that the Economics 101 concept of price being set by physical supply and physical demand is an utter lie. In today’s world of banking and financial industry lies, the price of gold and silver are NOT set by the physical demand and physical supply of either of these metals, but rather by the artificial supply and demand of paper contracts predominantly backed by no physical metal.
By now, the following facts are very well known by seasoned physical gold and physical silver buyers but likely still unknown to the average investor worldwide. A CPM Group document released in the year 2000 stated, “With the start of the London Bullion Market Association’s release of monthly trading data, the market has become aware that 100 times more gold and silver trade hands each year, just in the major markets, than is produced or used. Some market participants have wondered aloud how 10 billion ounces of gold could trade via the major markets each year, compared to 120 million ounces of total supply and demand, while roughly 100 billion ounces of silver change hands, compared to around 628 million ounces of new supply.” Thus, one can see that the fraud perpetrated by bullion banks in the silver futures market exceeds even the fraud they commit in the gold futures markets. Take the figures provided above, and a quick calculation reveals that bankers were trading nearly 160 times of paper ounces of silver every year than the annual physical supply of silver mined from the earth.
However, break down these numbers even more and the fraud becomes even more astounding. While in 2000, about 628 million ounces of new supply of physical silver came to market, in 2010, mine production of new silver supply was slightly higher at 735.9 million ounces. Net government sales accounted for another 44.8 million ounces, old silver scrap provided an additional 215 million ounces, and producer hedging accounted for the final 61.1 million ounces. Thus a total annual supply of roughly 1 billion ounces of silver existed in 2010. However, industrial usage, photography and jewelry used up nearly 78% of the one billion ounces of physical silver supply in 2010 and left less than 100 million ounces available for minting in the form of silver coins. (Source: The Silver Institute). Despite this tightness of new investment silver supply, there have been days in recent months when more than 250 million ounces of paper silver traded on the COMEX in less than one minute! During the times ridiculous volumes of paper silver were trading on the COMEX, usually the price of silver was plummeting in intra-day trading. Thus, bankers were clearly using this massive artificial supply of paper silver contracts to knock down prices. On top of this fraud, bankers have stretched the landscape of imaginary supply of gold and silver with their introduction of the gold ETF, the GLD, and the silver ETF, the SLV, both of which started trading in 2006. Both the GLD and SLV are highly suspect, likely fraudulent vehicles that probably are either (1) only partially backed by physical gold and physical silver and/or (2) respectively backed by unallocated physical gold/silver that have multiple claims upon them. Again, fraudulent derivative paper gold and paper silver products create a perception of increased supply even when there is no REAL increase in the underlying physical supply or even at times when physical supply is shrinking. Bankers have created this mechanism specifically to suppress the price of gold and silver and to keep their Ponzi fiat currency scheme alive – a scheme that they utilize every single day to silently steal wealth from every citizen on this planet.
I have heard the criticisms levied against Eric Sprott and James Turk regarding their pro-silver and pro-gold stance in that they are just selling their books as PM fund managers and bullion dealers. However, I believe these criticisms to be patently unfair. I don’t believe that either Mr. Sprott or Mr. Turk are so enthusiastic about the future prospects of gold and silver returns because they just want to “talk their books”. Rather, I believe that they are so enthusiastic due to their deeper level of understanding about PM markets than the average retail investor and the vast majority of uneducated commercial investment industry advisers. Furthermore, I’ve been one of the most passionate supporters of gold and silver for the last decade and I have never acted as a bullion dealer, have never received any commissions from any sales of mining stocks, and have never accepted a single cent from any mining company to provide coverage of their company to my subscribing members though I have been approached many times to do so over the years.
To illustrate the level of misunderstanding that still exists about gold and silver prices, here’s one piece of investment “advice” that landed in my email inbox on August 16, 2008: “The barbarous relic – gold – is another good choice, usually. But gold has already appreciated from just over $300 an ounce six years ago to almost $900 today. It could be a little late.” This adviser went on to push stocks and confidently declared that stocks would be the “big winner” once again over the next several years. From August 16, 2008 until today, the S&P 500 has lost 2.92% while gold has risen +111.33% and silver, +284.47%. Stocks, the big winner? I think not. But selling stocks is the big bread and butter money winner of most commercial investment advisers so that is the primary reason why they overwhelmingly always push their clients into purchasing stocks as opposed to the real big winner of precious metals. I recall reading a newspaper article several years ago from a financial adviser in Florida that claimed she was proud of convincing here clients NOT to buy gold at $800 an ounce because the gold price was too expensive and that it was her duty to protect her clients against their own foolish impulses. On November 8, 2007, thousands of people that subscribe to my free newsletter read the following statements from me:
“So with gold over $800 an ounce, is it still cheap? Emphatically yes, and here’s why. I’m not really sure how all the ‘Gold at 27-year high’ headlines came to be, but… if we experience a correction any time soon, and gold breaks back down to the $720 level again before continuing higher, it will just be really cheap. Here’s why. Anyone that’s ever studied the formula that is used to calculate the Consumer Price Index(CPI) in the U.S. knows that the formula has been greatly tinkered with over the years to produce absurdly low inflation numbers that are merely an artificially manufactured number that probably fits some pre-determined number the government would like to report.”
So back then, even with gold trading at $800 an ounce, the banker-owned and controlled media in the Western world was filled with stories about an imminent “gold bubble” collapse because gold was at a “27-year high.” It’s important to review history from time to time to be reminded how easily you may have accepted patently absurd proclamations about gold and silver prices in order to avoid falling victim to the same banker-originated and banker-spread propaganda today. The reason I have been overly passionate about gold and silver for years and still am today is because it takes great passion to overcome the widespread ignorance and deceit spread by the commercial investment industry to their clients about gold and silver.
Let’s see how things have panned out in the stocks versus PM investment game over the past few years. From the launch of my Crisis Investment Opportunities newsletter on June 15, 2007 until July 25, 2010, in a little over four years, my newsletter has returned a cumulative profit of +211.49%. Over the same investment period, the S&P500, the FTSE100, the ASX200, and top 5 ETF iShares Dow Jones EPAC Select Dividend Fund have respectively returned -21.39%, -11.99%, -26.51%, and -2.69%. Furthermore, during the next four year period, from 2011 to 2015, I truly believe that an attainable goal for my Crisis Investment Opportunities newsletter is to double or even triple my previous four-year cumulative returns, simply due to the following three reasons:
(1) Western bankers are increasingly losing control over the price suppression schemes they have enacted against gold and silver through their creation of bogus paper derivatives;
(2) The conditions that have lead to Euro and US dollar devaluation are worse today than they were 10 years ago and no underlying fundamental problem of the 2008 financial crisis has been adequately addressed as of today; and
(3) The percentage of people that have the amount of faith I hold in gold and silver to produce superior returns around the world is still minute.
Thus, once the average Dick and Jane retail investor finally believe in the facts surrounding gold and silver versus the garbage propaganda disseminated by crooked bankers and ignorant advisers, the price of gold/silver and PM stocks will finally experience a truly parabolic rise.
Once a small percentage of retail investors worldwide, or even just a small percentage of retail investors in a densely populated country like China, finally realize that bankers have created insane massive paper supplies of artificial gold and silver backed by nothing but air and are consequently moved to purchase their first troy ounce of pure gold and/or pure silver, this very small action will exert tremendous upward pressure on the price of gold and silver. And once this happens, I hope that you will have already secured your physical reserves of gold and silver because it is then that PM prices will truly go ballistic.
About the author: In 2005, JS Kim walked away from the immorality of Wall Street to form his own fiercely independent investment research & consulting firm, SmartKnowledgeU. Freed from the deceit and massive restrictions of the commercial investment industry, JS has been guiding clients towards significant profitability ever since. Currently, JS is working on completing two short books that explain the fraud of the modern banking system in simple terms and plans to donate 100% of all profits from these books to orphanages in S. Africa, Vietnam, and Thailand. Visit us at http://www.smartknowledgeu.com to be informed of their release andFollow us on Twitter. Republishing Rights: This article may be reprinted as long as the author acknowledgment and all text and links remain intact above. We have noticed that other sites have recently reprinted our articles with no author acknowledgment and in violation of our republishing guidelines. We will ask all sites to cease printing any of our articles that do not abide by our republishing rules. Thank you.
The old Cold War USA-USSR nuclear arms race has been replaced by the East-West Central Bank battle to accumulate physical gold and physical silver reserves. While Western Central Banks and their puppet bullion banks have distracted and goaded private citizens with the invention of fraudulent bogus paper gold and paper silver derivative products, including ETFs more recently, and paper futures contracts for a much longer period of time, they themselves have been making sure to avoid the very fraudulent paper products they have invented and have been diving headfirst into real physical precious metals.
As Central Banks continue to significantly devalue all major global currencies through excessive creation of new supply out of thin air in a digital world where “new money” is never even printed into paper/cotton form but only is created as digital bytes that are sent across international borders, the private families that are the majority shareholders in the world’s most powerful Central Banks have engaged in heavy buying of physical gold in particular, and to a lesser degree, physical silver. In 2010, Central Banks as a group, became net buyers of physical gold after two decades as net sellers. EU Central Bankers became net buyers of physical gold for the first time during the 1st Quarter 2011 since their introduction of the heavily flawed Euro into circulation in January of 2002.
As of April 2011, China was, according to “officially reported” statistics, the sixth-largest official holder of gold, with 1,054.1 tonness, according to World Gold Council estimates. The U.S. was still reported to possess the largest gold reserves at 8,133.5 tonnes. However, all of you know by now that I believe all “officially reported” statistics, whether the statistic is GDP, unemployment, inflation, or gold reserves, to be a charade and mockery of the truth. To this day I am highly skeptical of the US reported reserves of 8,133.5 tonnes, especially since these reserves have neither been independently audited nor independently tested to ensure that they meet good-for-delivery bar status since Dwight D. Eisenhower was the US President in the 1950s. As for China’s “officially reported” holdings of only 1,054.1 tonnes, anyone that takes these reported stats at face value as the truth is a fool for any number of logical reasons. One, China reported that its “official” gold holdings were a constant 600 tonnes from 2003 to 2009 and then reported that it had increased its holdings to more than 1,000 tonnes overnight in 2009. Since China lied about its gold reserve holdings for more than 6 years, one cannot and should not assume that their “officially” announced 1,054.1 tonne level was truthful. Since China made that announcement in 2009, their “official” gold reserve level has not increased at all.
Anyone that believes that China has not accumulated more gold, and lots of it, since that time, does not understand the Chinese government and Chinese bankers. Chinese bankers have been studying the best ways to invest in gold and silver for many years now in preparation for this global monetary war and they realize that one of the best ways to invest in PMs is to own the real thing. Furthermore, there are multiple mechanisms by which China could be secretly increasing their gold reserves out of the scrutiny of the public eye. In 2008, China replaced South Africa as the largest gold producer in the world, but nobody really knows exactly how much gold China produces or how many proven/ probable reserves or how much measured/indicated resources they own. Thus, China could be increasing gold reserves significantly on in-house production alone. Certainly we know that China is increasing its silver reserves through a policy of decreasing its domestic silver exports and increasing its foreign silver imports.
For example, last month, China’s General Administration of Customs reported that its net imports of silver nearly quadrupled year-over-year in 2010 to more than 3,500 metric tons. Also of important note is the fact that in 2010, China exported 1,575 metric tons of silver, 58% less than in 2009, and imported 5,159 metric tons of the metal, 15% more than in 2009. This is a huge change if one realizes that from 2005 to 2010 China transitioned from a net exporter of 2,900 metric tonnes of silver to a net importer of 3,500 metric tonnes.
From 2005 to 2010, China increased its gold holdings in its State Administration of Foreign Exchange (SAFE) more than tenfold from a very small starting point of USD $4.2 billion to USD $48.1 billion. However, China could be increasing gold (and silver) reserves significantly through purchases in its Sovereign Wealth Fund – purchases that are not made available for public inspection or consumption. For China to publicly announce their buildup of gold and silver reserves that would drive up the price of the very commodity they wished to accumulate more of would be akin to then-Chancellor of the Exchequer Gordon Brown’s foolish decision to pre-announce in 1999 that the UK would be selling half of its gold reserves.
Also of important note are the following facts. China only recently deregulated gold in 2003 to allow gold prices in China to mirror international prices. The Shanghai Gold Exchange only opened in October of 2002. In late 2009, the Chinese started making gold and silver bullion easily accessible to its citizens through introducing physical sales of multiple size bars at its banks and China finally legalized ownership of 99.999% pure silver bullion. The Chinese typically have a tendency to buy PHYSICAL gold and PHYSICAL silver, not the fraudulent paper gold and paper silver derivatives invented by bankers to suppress the price of gold and silver. For the first time ever, Chinese citizens will be able to buy silver futures in Hong Kong this week and later in Shanghai; however, since the Chinese are fond of owning Physical metals, perhaps even the majority of Chinese may settle these futures contracts with physical delivery. Furthermore, even when the option to buy gold and silver ETFs in China becomes a reality, the average Chinese citizen may shy away from these products due to his or her propensity for owning real gold and real silver.
For Asians in general, gold and silver have always been money. In Thailand, the word for money “ngen” is also the word for silver. In China, the word for bank combines the characters for “silver” and “movement”. In China not only is private demand strong AND relatively young, but even in India, private ownership of gold bullion bars was not legalized until 1990. Thus, the war between East and West over gold and silver will intensify in coming months and coming years. The objective of the East will be to release the gold and silver price from the clutches of Western price suppression schemes while the objective of the West will be to hoard gold in an attempt to prevent citizens of Western nations from owning the asset that will protect them the most from their currency devaluation schemes.
The current talk in the mainstream financial media about gold being a bubble at $1,600 an ounce and of silver having already reached its top of its long-term peak at $50 an ounce is simply rubbish. A bubble is never defined by high prices, the perception of high prices or even a decade long rise in prices. What defines a bubble is a meteoric rise in price that is not supported by fundamental reasons. For example, the US NASDAQ dot.com stock market was a bubble because dot.com stocks that had zero earnings were trading at impossible valuations and sometimes double and triple digit dollar values per share. However, the fundamental reasons that have driven gold from $250 to $1,600 and silver from $4 to its current $39 – $40 range are even stronger today than they were at the beginning of this precious metals bull. Therefore, it is impossible for a bubble in gold and silver to exist at their current prices and at this current time.
And for this reason, this is precisely why the global nuclear arms race has been replaced by a global physical gold race. Welcome to the new global war in precious metals.
About the author: JS Kim is the Managing Director of SmartKnowledgeU. SmartKnowledgeU now offers monthly subscriptions to our premium investment newsletter, the Crisis Investment Opportunities newsletter, an investment newsletter that has returned well over a cumulative 200% (on all opened and closed positions) since its launch in June 2007 to present day. Follow us on Twitter here. Republishing rights: The above article may be republished on other sites as long as all text and links remain as is and the author acknowledgment remains intact.
Mr. Rogers is short term bullish the Yen (due to potential repatriations of capital back to Japan for reconstruction activities) and even bullish the US dollar which he expects to rise perhaps 20 percent. He is keeping a tight leash on his dollar long trade and will call it quits if it declines 3-4 percent from here. Eventually though, Rogers anticipates the demise of the dollar after it reaches some "tipping point". As usual, Mr. Rogers is bullish on commodities, being the most enthusiastic about agriculture but is waiting patiently as he likes to buy things at a discount. He emphasizes in the interview specifically that he is not long any energy (such as crude oil) and what sells off first may dictate what commodities he gets in to first. Rogers is also bullish on gold and silver but would prefer to buy silver opposed to gold because he sees it as being much further away from all time highs than gold which is near all time highs (e.g. at more of a discount).
Peter Schiff defends Austrian economics against the recent New York Times article titled When Zombies Win by Keynesian Nobel laureate Paul Krugman. Mr. Schiff also explains why pundits who are bullish on the US economy in 2011 are wrong and why gold is not a bubble and will at least double from its present level.
Disclaimer: Since the information contained within is so controversial, I encourage you to read my blog disclaimer in the lower left panel which applies to all content within this blog. With regards to this article, I am merely reporting to the best of my ability the information sources I have referenced and make no claims as to the accuracy or efficacy of the information disclosed.
The brave Atlantic Richfield Chief Operating Officer Ken Fromm, who warned us of the plot to manipulate oil up to $150-$200 per barrel by the ruling elite (globalist/internationalist oligarchs) has passed away a few days ago per Pastor Lindsey Williams, chaplain to the trans-Alaska oil pipeline project. An elitist himself, Mr. Fromm's conscience persuaded him to confide in Pastor Williams information he wanted shared with the public to prepare us for the impending economic collapse planned by the globalist elite. Spending three years as the chaplain to the Alaska oil pipeline project gave Pastor Lindsey Williams privileged access to elite oil executives and World Bank/IMF members. The chaplain's work boosted the morale of the workers and was well regarded amongst the executives, who gave Pastor Williams executive status in lieu of a salary, which his calling as a chaplain did not allow him to accept. Pastor Williams lived amongst the elites, ate with them, formed friendships, sat in on their board meetings and was privy to inside information and documentation. Two of the executives formed very close friendships with the pastor (the two Mr. X's, including Ken Fromm) and were the only individuals willing to confide in him and disclose the secretive plans of the globalist elite.
Apparently there is a second elite insider (referred to as the second Mr. X in past interviews) who is still living. The identity of the individual is known to both Alex Jones and Lindsey Williams but has been withheld per request. We do know from the interview I have embedded here (part 1) that the individual in question is 69 years of age, is a former retired executive (CEO) of a "major big 3" oil company and has offered to pick up the torch carried by Ken Fromm by continuing to reveal insider information disclosed to himself by other globalist elite.
Following is the information disclosed in the latest Lindsey Williams interview detailing some of the elites' plans:
1. Old disclosure by Ken Fromm: $150-$200 per barrel oil is planned within 6-8 months of the October, 2010 interview (e.g. by June 2011). The elites will try to push oil and the American people as far as they can.
2. European Union will have major problems, and the Euro currency will collapse before the dollar. Once the Euro collapses you will have only 2-3 weeks to get out of anything that is paper (bank account, investments, IRA, 401k, etc.). Per Lindsey Williams, you must cash these in at any costs. You can not depend on social security for very long. Your insurance policies will become worthless.
3. Learn to recognize the elites' buzzwords and read between the lines. The globalist elite have a code of ethics which is different than our own, which is not based on religion. Their elitist code of honor states that they must tell us what they do, before they do it. The way the plans are communicated is not transparent, but rather through coded language, or certain "buzzwords". The average person will listen to the public disclosures but not recognize their significance. Two examples are given by Pastor Williams of how Mr. X number 2 (the elitist who is still living, who will henceforth simply be referred to as just Mr. X since the first Mr. X is already known to be Ken Fromm) has trained him to listen for the "buzzwords" and read between the lines:
Example 1: The IMF recently announced [within a few days of this interview] that 15 of the major developed country governments including the UK, Spain, the United States and Greece must raise $10.2 trillion to do nothing but to repay the interest on the indebtedness of these countries. Mr. X asked Pastor Williams, if it is possible to repay this debt? Pastor Williams answers, "no". This 10.2 trillion is 27% of these 15 countries' combined economic output and can not be repaid. "So what will happen to the currencies of the US, Japan, UK if this debt can not be repaid", asks Mr. X? "It's got to collapse", says Pastor Williams. Mr. X says, "We told you all the time what was going to happen but the average American doesn't have sense enough to understand what we are trying to say." [2, 3:20 in to clip]
Example 2: Take the COMEX silver exchange. Mr. X tells Williams, "Listen to what they told you last week." The COMEX silver exchange are the ones who hold silver and gold for the richest people in the world, including China, Japan and Russia. They give you a piece of paper (a contract) as a voucher for the actual silver held by them in their vaults. The COMEX has only 107 million ounces of silver on hand but 720 million ounces worth of contractual obligations. Mr. X asks, "When people start to ask for the delivery of that physical silver what is going to happen to the price of silver? Mr. Fromm told you about a year or two ago that the only thing that you could spare your assets in is silver and gold." [2, 5:20 in to clip]
So obviously the buzzwords in this case were IMF (International Monetary Fund) and COMEX, and it is up to us to read between the lines, such noticing the math does not add up.
4. Lindsey Williams believes Stephen A. Schwarzman chairman and co-founder of the Blackstone Group is one of the globalist elite, because he said last week that he (Schwarzman) was leaving the country. [2, 8:26 in to clip] Many of the super wealthy per Alex Jones and Lindsey Williams have moved to remote locations or are preparing/have already left the country [obviously to avoid public riots if there is a breakdown in society].
5. When the Federal Reserve starts to buy the United States' own debt, "it is practically all over" because China and Japan and other countries are not buying our debt as they used to. The Federal Reserve is borrowing 100 billion dollars every 30 days currently.
6. Collapsing the United States is for the purpose of scooping up assets for pennies on the dollar after everything has been bankrupted. Giving an example, Lindsey Williams states Chrysler and GM were collapsed in this fashion and bought up by the elites after a bailout at the taxpayer's expense. [3, 30 seconds in to clip]
7. Direct quote, "The Federal Reserve are basically the elite, along with some others with them."
8. 1.5 years ago, Mr. Fromm told Lindsey Williams that in 2 years you will not recognize America. By 2012 the dollar will be dead. In nearly two years everyone will be working for the government.
9. The plan [to collapse the United States] has been in place for 35 years. Alex Jones (the radio presenter) interjects that once the engineered collapse is instigated, the population will be suppressed via the police state control grid which has been constructed around the American people before-hands [under the guise of keeping us safe from terrorism].
10. Devil's Messiah Plan: In order to bring in the New World Order, God had to be removed via the introduction of evolutionary theory and the control of churches via 501(c)(3) organizational status, in order that the foundation of our society could be subverted. Alex Jones interrupts at this point and states, "even if you are not a Christian you have to understand that social engineers have to get rid of the old order to bring in the new order so that they have dumbed us down [via toxins in our food and water, propaganda in the media and a sub-par education system], taught us not to have morals so we couldn't recognize tyranny and resist it." [ 4, 4:30 in to clip] The European Union is part of the "Devil's Messiah" plan. More than 10 states have been added to the EU which was intended to discredit prominent Bible scholars, who said that the EU was the fulfillment of the Book of Daniel and Revelations, which predict 10 "toes," or states.
11. America: This is the elites' most difficult challenge. In other words, there is still a chance we can resist and turn things around.
12. The elites' plan is to own every single thing in America. Pastor Williams uses as an example, if/when there is a MBS (Mortgage Backed Securities) bailout, the elites will take over every bit of mortgage real estate in America whether it be commercial or residential. If/when this happens, you will henceforth be making your payment to the Federal Reserve.
13. Pastor Williams is very adamant about the following point: Get every bit of gold and silver you can lay your hands on!
14. Gasoline should rise to over $4.00 a gallon at least.
15. Watch insider trading. The elites, CEOs and other prominent corporate and financial leaders, know what is coming and when. They are/will be cashing out big time.
16. With regards to the Arab world, most of them are trapped in to using the US dollar for trade (such as Saudi Arabia and the UAE) because of an agreement made years ago with Henry Kissinger. The Arabs did bring the price of crude oil down for the purpose of putting certain countries in to a certain position where the elites wanted them. [4, 5 minutes in to click] At this point interview time is running short, so details are missing.
17. Regarding Iran, Iraq, Afghanistan: Henry Kissinger made an agreement years ago with Iran, which Iraq refused to go along with. Iraq was therefore invaded, plans of which were premeditated well in advance. It is implied that the invasion of Afghanistan is premeditated as well (e.g. not as a reaction to terrorism), but again details are missing because the interview time is short.
18. Old disclosure: The Gull Island oil find, which was classified by the US government and permanently capped, revealed that there is enough domestic oil under the Alaska National Wilderness to last two hundred years at a cheap cost, without ever having to buy a drop of foreign oil. The American people have been prevented from having this by the elite. Details are again missing in the Alex Jones interview, but I included the video lecture and article link that goes over the old information concerning the oil find at Gull Island. [5,6] There is also a book written by Lindsey Williams called The Energy Non-Crisis which details the Gull Island oil find. [7]
19. The elites' last act will be to muzzle conservative talk show hosts such as Alex Jones, and then liberals ones. Before/if Alex is silenced he will make a great outcry which will alert other media outlets to the danger to themselves.
Recently released by Lindsey Williams are the audio recordings of the words of the elite and their spokespeople which has been compiled in to a two and one half hour presentation called Confessions of an Elitist, available from prophecyclub.com. [8]
As always traders, do your own due diligence. Although I personally trust the research diligence/accuracy of Alex Jones and the honesty of Pastor Lindsey Williams, it is always possible that disinformation has been fed to them for whatever reason.
I have embedded the play list of all four parts of the interview here for your convenience:
A real life horror show is unfolding before our eyes. I have embedded the "End of Liberty" film just released today by National Inflation Association for your Halloween viewing pleasure.
Please visit the NIA site http://inflation.us for other great films such as "Meltup".
Bob Chapman of the popular long running The International Forecaster newsletter says on the Alex Jones radio show on 9/24/2010 (options expiration day is Monday the 27th) that he is surprised that gold has not sold off (temporarily) this week prior to options expiration. Large commercial banking institutions having large net short positions in gold and silver bullion such as JP Morgan, Goldman Sachs, Deutsche Bank and HSBC have billions to lose if the call options do not expire worthless. Mr. Chapman has long been an advocate of gold and silver as a store of wealth in uncertain times and predicts longer term the run should continue (silver to $30 "easily").
As the general public starts to wake up and buy in to the gold and silver market, and the big banks are no longer able to keep the price down watch out.
Mike Maloney, author of the popular book Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future says silver rising to $100 per ounce is a "no brainer". He first predicts a deflationary crash (and even $10/barrel crude oil) FIRST based on head and shoulders patterns seen in the S&P 500 and various other world stock market indexes. Finally though, hyperinflation will appear, per Maloney. In either case, Mr. Maloney predicts that gold and silver will both rise regardless.
Per Bob Chapman of The International Forecaster in a recent interview with The Gold Report, the EUR/USD was originally backed by 15% gold but that has since dropped down to 7%. For whatever reason the realization that the Euro actually had some gold backing astonished me. In fact it is the only fiat currency which is gold backed. Does this make the Euro more sound structurally than the US dollar? This made me wonder, what the heck is the US dollar backed by? Oil, in essence, since oil is forced to be transacted in US dollars. A deal was concocted in 1973 by which Saudi Arabia, the world's largest oil producer, agreed to trade their oil exclusively in US dollars in exchange for protection from its enemies and the right to purchase US arms. As a result, OPEC as a whole did the same thing and started trading their oil exclusively in dollar denominated terms. The phenomenon by which oil dollars are repatriated to the US in the form of investment (often US Treasury Bills) or purchase of goods and services is called petrodollar recycling, which does lend intrinsic value to the dollar. Many theorize that the attack on Iraq was not only a ploy to gain control over the oil resources in that region but also to protect the reserve currency status of the US dollar, as Saddam Hussein had started trading his oil for Euros in protest of sanctions. Iran has as of February 2008 opened its own oil exchange (Iranian Oil Bourse) where petrochemical products and crude oil are traded in many different currencies except the US dollar. [2] Recently there was speculation that Israel (bitter enemies with Iran) might attack Iran before it got its first nuclear power plant online but luckily this did not happen. In fact a group of seasoned senior intelligence officers (Veteran Intelligence Professionals for Sanity) anticipated there might be a strike and signed a petition to persuade President Obama to discourage any such action by Israel beforehands. [1] However, it makes sense from the neoconservative bent of maintaining US hegemony for Iran to be on the hit list for an invasion (both to control its third largest oil reserves in the world and discourage non-dollar based oil trading). In fact at least one Iranian commander who believes that they are in still in danger of being attacked by the US in the near future. [3]
It occurs to me that as currency traders we can not afford to ignore the implications of unseemly oil related politics.
1. If Iran is attacked for whatever underlying reason, the US dollar will see a massive flight to safety, the stock market will crash and oil will spike up big, as well as gold.
2. If OPEC as a whole, or more and more countries start to trade oil or other commodities in other currencies other than the US dollar, the dollar will sell off.
3. A recent report by a German military think tank leaked to the Internet predicts peak oil in 2010 with the effects to be felt 15 to 30 years later. [4] Granted, the peak oil predictors in the past have had terrible timing and have not been right yet. The implication is higher oil prices and an economic downturn.
In the event of a dollar currency crisis (likely), silver will be the perfect substitute/competing currency which can be used to barter for food and other goods as the dollar is no longer able to hold its value. In fact, there are some stores already which allow trading gold or silver for food and other goods and services. Many experts advise against numismatic (collector) coins in favor of bullion coins (such as .999% pure silver rounds). Famous vlogger george4title demonstrates how to use an odd assortment of silver coins to barter for food and supplies in the following video:
Apparently 90% pure silver dimes are a good choice due to their small denomination.
which details the Gull Island oil find. [7]
says silver rising to $100 per ounce is a "no brainer". He first predicts a deflationary crash (and even $10/barrel crude oil) FIRST based on head and shoulders patterns seen in the S&P 500 and various other world stock market indexes. Finally though, hyperinflation will appear, per Maloney. In either case, Mr. Maloney predicts that gold and silver will both rise regardless.