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DANIEL LEE: Bo Polny’s “Greatest Timepoint In Human History” Aligns With Real Passover Date On April 26th! Maggie Mitchell1 day ago Daniel Lee and Bo Polny spoke the truth These two aren’t afraid to talk about Donald Trump, Bitcoin, and pretty much every hot topic out there. Lee follows the Jewish Feast Dates. Bo spoke of “one of the greatest timepoints in human history” in late April. Well, the date he suggested is the TRUE date of Passover. Biblical cycle expert and financial analyst Bo Polny says we are approaching the “Greatest Time Point in Human History” near the end of April. In the last year, Polny has calculated time points and big events such as his prediction of a “new era of time” that would unfold after his February 2020 interview. It certainly did with the age of Covid lock-downs that started in March of 2020. Polny also predicted a 35% to 40% decline in the stock market in mid-2020. (The market sold off 38%.) Polny also predicted “something epic” would happen on September 18, 2020, and that was the day Supreme Court Judge Ruth Bader Ginsberg died. So, what is Polny’s cycle analysis telling him now? Polny says, “What started in 2020 will end in 2021, and we have related that actual cycle to Noah’s Ark. When oil went to zero (April 21, 2020), that would equate to when the door was closed on the Ark. . . . This is the time when Noah is on the Ark and doesn’t step off until April 26, 2021. . . . The world we are presently stepping into is the new era, and it does not start until April 26, 2021, and right now we are in transition. The greatest time point in history is about to happen.” Polny says there are other biblical cycles ending as well in 2021. Polny explains, “One of the cycles that we are following is called the Red Sea Moment, and the cycle time point for that is April 25, 2021. (This is when Moses parted the Red Sea to escape from Pharaoh in ancient Egypt.) So, we are about a month away right now. What will happen, I don’t know . . . but it is truly fascinating that things are happening right now at the Rea Sea. (A massive container ship is currently blocking the Suez Canal.) The United States is replaying biblical cycles. April is going to change our world forever.” Then there is the 50 year debt jubilee concept talked about in the Bible. The U.S. dollar was taken off the gold standard by President Richard Nixon in August 1971. August 2021 is the 50th year. Polny says, “God is going to force the hand of this event. So, when the dollar drops sizably in value, expect an immediate reaction, and the immediate reaction would likely be some type of a war event.” What about Bitcoin and the U.S. dollar? Polny says, “Bitcoin is up $40,000 in God’s New Year, and we are in the 50th year in a jubilee cycle. So, this year, the dollar itself is supposed to tank. When it drops, that’s going to be the fuel for Bitcoin and the crypto currencies to accelerate even faster vertically. . . . We have talked about this before, and I have said the price point for Bitcoin could be over $200,000 in 2021. . . . The price moves we have seen so far are only preliminary pricing for what is still coming for Bitcoin. . . . Wall Street is front-running the trade and piling into Bitcoin because they know something.” What about gold and silver? Polny says, “When gold and silver go up on this move that’s coming . . . this move coming for precious metals will destroy the banks. It will destroy the financial mechanisms that are in place right now. When it starts to destroy the mechanisms used to hold down precious metals, that’s going to cost them billions of dollars a minute when gold and silver start to skyrocket. So, they are doing anything and everything to not let precious metals go up. There is a point of time coming, and it is based on Leviticus 25:9. It specifically talks about the 50 year jubilee cycle. . . . That event is going to cause a drop in the value of the U.S dollar. That event is going to cause a jubilee cycle for precious metals where they lift off and go vertical.” On President Trump returning to office, Polny says, “Cycles do nothing more than replay themselves with different characters. Look at Saul and David. Saul ended up chasing David out because he knew he was anointed. David ran and hid in the wilderness, and, basically, he was hiding. What did they do to Trump? They chased him out of the White House. As in David, he was chased out, but chase him out all you want, he was still anointed. . . . We are replaying history with different characters. In this case, Saul is Biden and Trump is David . . . but when Saul falls, David returns. That’s what’s coming.” In closing, Polny contends that God will not turn over America to evil. Polny predicts, “America will not fall . . . God will not forsake America.” We can’t wait to see what happens later in April. Watch this on Rumble. .
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If anyone is interested, EverBank is offering a MarketSafe CD that includes Gold, Silver and Copper. It only needs a minimum of $1,500 to open it and your principle investment is safe no matter if prices go up or down during the 5 year term. It's not actually owning or holding the physical metals, but not a terrible alternative to get in on the low metals prices nowadays. It has a cap of 45% profit over the 5 year term, evenly spread across the 3 metals. Just thought I'd throw this out there to anyone who wishes to diversify/invest with metals without worrying about losing your principle investment cost. Check out EverBank's website for more info and all the technical details.
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Top News London Metal Exchange opens clearing house, to add China currency Mon, Sep 22 14:05 PM EDT By Eric Onstad LONDON (Reuters) - The London Metal Exchange (LME) on Monday launched its new clearing house, which plans to add the Chinese currency as collateral by year's end to lure more business from the world's top metals consuming nation. The launch of LME Clear is a key step by LME owner Hong Kong Exchanges and Clearing Ltd (HKEx) to generate profits after paying $2.2 billion to buy the LME in December 2012, a price which many analysts regarded as very high. The 137-year-old LME set out to build its own clearing house three years ago to take over from LCH.Clearnet, allowing it to collect fees not only for transactions on the exchange, but for clearing them. Over 2 million existing LME positions were transferred over the weekend from LCH.Clearnet to LME Clear. The LME, the world's oldest and largest market for industrial metals such as copper and aluminum, declined to say how much cash the clearing house would bring in. But Jefferies said in a note in July that the new venture would add about $80 million a year in revenue. Revenue from HKEx's commodities business, which includes the LME, rose to HK$645 million in the first half from HK$608 million a year earlier, HKEx said in August. Expansion in China, which accounts for 40 percent of global copper demand, is another key LME strategy, so LME Clear is moving quickly to allow clients to use the renminbi as collateral, LME Clear Chief Executive Trevor Spanner said. "We definitely know there's latent demand for renminbi," he told Reuters. "As more Asian-based members join the LME and LME Clear, they'll be looking to make use of that renminbi facility. We plan to get that up and running in November, subject to the Bank of England's approval." LME Clear is also looking into extending its opening hours into Asian hours, he added. The LME's electronic trading platform is open from 1am to 7pm London time while LME Clear operates from 7:30am to 8pm London time. "This morning, we had over 20,000 trades in the queue, which we processed in about 10 minutes," Spanner said. Adding new products is another way HKEx plans to make money, which will be easier by having its own clearing house and being able to plan specifications for both trading and clearing. The LME has said it plans to launch a new aluminum premium contract in the second quarter of next year and steel rebar and scrap contracts further in the future. LME Clear will also be in a good position to clear over the counter (OTC) products due to the complex structure of LME futures with daily prompt dates. Regulators are keen to shift OTC clearing to established venues to promote transparency. "There's a lot of activity which is not on exchange at the moment. People are interested in clearing solutions for OTC business," Spanner said. The new clearing house also plans to expand types of collateral to include warehouse warrants, ownership documents for metals stored in LME warehouses. Currently, cash and bonds are the only collateral allowed, but since LME contracts are physically settled, LME members requested the addition. (Editing by Michael Urquhart) http://mobile.reuters.com/article/idUSKCN0HH1BR20140922
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Opinion: Gold Crashes And Is Now Tarnished For Good Published: Sept 22, 2014 6:00 a.m. ET By Jeff Reeves Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March. But since spring, and particularly since July, gold prices have been on the decline. Last week, the precious metal settled near lows not seen since Christmas 2013. So should investors consider this sell-off as an opportunity to buy precious metals on the cheap? Or is gold really tarnished for some time to come? Sadly for gold bugs, it’s the latter. There’s always a big argument for gold as the only alternative amid overpriced stocks, a weak U.S. recovery and a fragile dollar that will collapse at any time. If you want to make those arguments in the face of the facts, feel free to scroll down to the comments section and make fun of my receding hairline. But for those interested in reality, it’s important to note how much those arguments have missed the mark over the past few years and how they ignore recent data to the contrary. The stock market, U.S. economy and the dollar are all doing quite well. Judging by recent data, all three look like they will improve. Here’s why I wouldn’t expect gold to rebound anytime soon, and why the outlook for this precious metal is quite tarnished: The dollar is strong: The U.S. Federal Reserve has been telegraphing its moves for some time, and last week reiterated that October will bring about the end of its bond-buying program and that key interest rates will almost certainly rise in 2015. Higher interest rates will only bolster the U.S. dollar further. And thanks to the inverse relationship between our currency and the pricing of dollar-backed commodities, a stronger dollar means gold prices will fall. After all, a big reason for gold’s trouble in recent months has been a strengthening greenback. After the Fed news, the dollar is now at a 14-month high vs. other major currencies. This will continue to put downward pressure on gold prices. It’s not just our central bank fueling this trend, either. The European Central Bank, for instance, unexpectedly just cut rates and announced a stimulus plan despite opposition from Germany. Similarly, Japan has been maintaining loose policies to weaken its currency and drive up inflation. As other central banks weaken their currencies, the dollar gets an added boost there as well. Now, I know there are gold bugs who like to talk about the death of the dollar. But with other central banks actively debasing their currency and America on the cusp of tightening monetary policy, well, I simply don’t see how we can expect anything but a strong dollar for some time. An improving economy is diminishing safe-haven demand A strong dollar adds up to weakness for gold, so this is a big hurdle to get over that can’t be ignored. “Risk on” sentiment: You can shout all you want about how the Federal Reserve has destroyed capitalism for good, or how being the best among a group of doomed currencies is not a vote of confidence for the dollar. But even if you want to ignore the relative strength of the greenback, it’s getting increasingly harder to ignore the strength of the U.S. economy. There’s a 6.1% unemployment rate, which is down nearly 4 percentage points from peak levels and the lowest since September 2008. At the same time, claims for unemployment just hit the lowest level since early 2007. If you think that is all because of people giving up on work, that’s willfully naïve. Corporate profits also look robust. According to research firm FactSet, the estimated earnings growth rate for the third quarter is 6.2%, with most analysts predicting double-digit growth in the fourth quarter as the economy continues to bounce back from a sluggish summer. And for calendar 2013, S&P 500 member companies saw earnings grow about 6%. There are clearly real profits being made by publicly traded companies right now, justifying investors who are paying a premium for future growth. There’s tons of other data that indicates the U.S. economy and corporate profits continue to improve. So why would investors flee stocks or other “risk on” investments to hide out in gold? Sentiment just isn’t in favor of safe-haven investments like gold right now. Global demand slumps: Looking beyond U.S. borders, global demand also is bleak for gold. China, which overtook India as the largest gold-buying nation last year, has recently seen demand for the precious metal slump sharply. But according to reports, that buying frenzy of 2013 has evaporated as demand has largely been met; China’s gold-jewelry fabrication was down 22% in the first half of the year. And while India did see a bump in gold demand and gold prices about a month ago thanks to religious festivals, the Wall Street Journal noted that “sales in the rest of the world are sluggish despite a number of geopolitical risks that normally increase demand for the safe-haven metal.” On the whole, the World Gold Council announced that global gold demand was off 16% in the second quarter, with total bar and coin demand down a staggering 56%. If you think that seasonal jewelry demand around the Chinese New Year is going to make up for this broader downtrend, go ahead and buy gold. But given the severity of demand pressures and the widespread nature of the declines, it’s very unlikely that global gold buying will snap back anytime soon. Jeff Reeves is the editor of InvestorPlace.com http://www.marketwatch.com/story/gold-crashes-and-is-now-tarnished-for-good-2014-09-22?page=2
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Published on Sep 9, 2014 Harvey Organ at Harveyorgan.blogspot.com says the world is running out of physical gold and silver needed to suppress prices. Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.” The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Harvey Organ of HarveyOrgan.blogspot.com. http://usawatchdog.com/manipulation-o...
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Gold currently sitting at $1,335.50 per Oz thats a jump of almost $40 today alone. I just hope we've seen the bottom and this is where it turns around ...... chart below http://www.kitco.com/charts/livegold.html
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I'm looking to sell some 2013 Silver American Eagle coins. I have a sealed Monster Box from the mint. Would be willing to sell the entire box for $12,500, tubes of 20 coins for $510, or per coin at $26 per coin. These are San Franciscos which tend to be much more sought after than regular Eagles. I bought these with a friend was planning on sending the whole box in to get graded and selling the MS69 and MS70s for a premium however I didn't realize it was going to cost a few thousand dollars to get them graded, a few thousand dollars I don't have so looking to sell about half and keep the rest however would be willing to sell the whole box if someone is interested. I'd prefer not getting down into selling single coins and would at least like to sell in lots of 5 or 10. Will take paypal or cashiers check.
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http://www.zerohedge.com/news/2013-06-11/wmreuters-busted-latest-market-rigging-and-collusion-scandal-foreign-exchange WM/Reuters Busted In Latest Market Rigging And Collusion Scandal: Foreign Exchange Submitted by Tyler Durden on 06/11/2013 19:41 -040 First it was the conspiracy theory that Li(e)bor traders were manipulating the entire rates market which a year ago became conspiracy fact. Then it was commodities with an emphasis on the energy market (but not gold - gold is never, ever manipulated) with even such luminaries as JPMorgan's Blythe Masters, subsequently implicated. And moments ago, via Bloomberg, to absolutely nobody's surprise, we learn that that final market which so far had not been exposed as the "wild west" of manipulators, the FX market, is part of the conspiracy "fact" too. According to Bloomberg, "employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial. Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years." The specifics should be well-known to those who have followed all other "fixing" scandals to date, because for the most part they are identical, just cover a different asset class: The behavior occurred daily in the spot foreign-exchange market and has been going on for at least a decade, affecting the value of funds and derivatives, the two traders said. The Financial Conduct Authority, Britain’s markets supervisor, is considering opening a probe into potential manipulation of the rates, according to a person briefed on the matter. “The FX market is like the Wild West,” said James McGeehan, who spent 12 years at banks before co-founding Framingham, Massachusetts-based FX Transparency LLC, which advises companies on foreign-exchange trading, in 2009. “It’s buyer beware.” The $4.7-trillion-a-day currency market, the biggest in the financial system, is one of the least regulated. Now we know why, and it's not only because this is the primary venue where the central banks of the world try to outsmart and outtrade each other in the New Normal. How is WM/Reuters implicated? The WM/Reuters rates are used by fund managers to compute the day-to-day value of their holdings and by index providers such as FTSE Group and MSCI Inc. that track stocks and bonds in multiple countries. While the rates aren’t followed by most investors, even small movements can affect the value of what Morningstar Inc. (MORN) estimates is $3.6 trillion in funds including pension and savings accounts that track global indexes. One of Europe’s largest money managers has complained about possible manipulation to British regulators within the past 12 months, according to a person with knowledge of the matter who asked that neither he nor the firm be identified because he wasn’t authorized to speak publicly. The WM/Reuters rates data are collected and distributed by World Markets Co., a unit of Boston-based State Street Corp., and Thomson Reuters Corp. Reading through the article one can't help but feel a modest smugness by Bloomberg which in the past month had been repeatedly slighted by Reuters due to the infamous Bloomberg "surveillance" scandal, which promptly faded following the news that the government was doing just that to, well, everyone. Bloomberg LP, the parent company of Bloomberg News, competes with New York-based Thomson Reuters in providing news and information, as well as currency-trading systems and pricing data. Bloomberg LP also distributes the WM/Reuters rates on Bloomberg terminals. As for the details, think Libor setting and fixing. Only in FX: Introduced in 1994, the WM/Reuters rates provide standardized benchmarks allowing fund managers to value holdings and assess performance. The rates also are used in forwards and other contracts that require an exchange rate at settlement. “The price mechanism is the anchor of our entire economic system,” said Tom Kirchmaier, a fellow in the financial-markets group at the London School of Economics. “Any rigging of the price mechanism leads to a misallocation of capital and is extremely costly to society.” The rates are published hourly for 160 currencies and half-hourly for 21 of them. For the 21 -- major currencies from the British pound to the South African rand -- the benchmarks are the median of all trades in a minute-long period starting 30 seconds before the beginning of each half-hour. If there aren’t enough transactions between a pair of currencies during the reference period, the rate is based on the median of traders’ orders, which are offers to sell or bids to buy. Rates for the other, less-widely traded currencies are calculated using quotes during a two-minute window. And since it is a very rapid and largely liquid market, everyone waits until the last minute: As market-makers, banks execute orders to buy and sell for clients as well as trade on their own accounts. Companies and asset managers typically ask banks to buy or sell currencies at a specified WM/Reuters fix later in the day, most commonly the 4 p.m. London close. That arrangement is open to abuse, as it gives traders a window in which they can adjust their own positions and try to move the benchmark to boost their profit, three of the dealers said. Customers often wait until the hour before the 4 p.m. close to place large orders to minimize the opportunity for banks to trade against them, one investor and a trader said. Index funds, which track baskets of securities from around the world each day, are particularly vulnerable because they need to place hundreds of foreign-exchange trades with banks using WM/Reuters rates, according to two money managers. The funds buy securities to match their holdings to the indexes they are required to track. The issue is most acute at the end of the month, when index-tracker funds invest new money from clients. Specifically, the "manipulated" trades occur using such tried and true methods as banging the close. End result: massive profits on a daily basis for dealers. By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known as “banging the close,” four dealers said. Three said that when they received a large order they would adjust their own positions knowing that their client’s trade could move the market. If they didn’t do so, they said, they risked losing money for their banks. One trader with more than a decade of experience said that if he received an order at 3:30 p.m. to sell 1 billion euros ($1.3 billion) in exchange for Swiss francs at the 4 p.m. fix, he would have two objectives: to sell his own euros at the highest price and also to move the rate lower so that at 4 p.m. he could buy the currency from his client at a lower price. He would profit from the difference between the reference rate and the higher price at which he sold his own euros, he said. A move in the benchmark of 2 basis points, or 0.02 percent, would be worth 200,000 francs ($216,000), he said. It's a small, manipulative club, and you're not in it. Also, the club meets every day for about 60 seconds and then promptly disperses. To maximize profit, dealers would buy or sell client orders in installments during the 60-second window to exert the most pressure possible on the published rate, three traders said. Because the benchmark is based on the median of transactions during the period, placing a number of smaller trades could have a greater impact than one big deal, one dealer said. Traders would share details of orders with brokers and counterparts at banks through instant messages to align their strategies, two of them said. They also would seek to glean information about impending trades to improve their chances of getting the desired move in the benchmark, they said. The tactic is most effective with less-widely traded currencies, the traders said. It could still backfire if another dealer with a larger position bets in the other direction or if market-moving news breaks during the 60-second window, one of them said So there you have it - the next Li(e)bor scandal: Bloomberg News contacted foreign-exchange traders and investors after some market participants expressed concern that the WM/Reuters rates were vulnerable to manipulation. The traders and investors said they expected their market would be the next to be scrutinized. And the punchline: it is all self-policed. Brilliant - a bunch of sociopaths promising to do the "right thing" While U.K. regulators require dealers to act with integrity and avoid conflicts, there are no specific rules or agencies governing spot foreign-exchange trading in Britain or the U.S. That may make it harder to bring prosecutions for market abuse, according to Srivastava, the Baker & McKenzie partner. Spot foreign-exchange transactions aren’t considered financial instruments in the same way as stocks and bonds. They fall outside the European Union’s Markets in Financial Instruments Directive, or Mifid, which requires dealers to take all reasonable steps to ensure the best possible results for their clients. They’re also exempt from the Dodd-Frank Act, which seeks to regulate over-the-counter derivatives in the U.S. “Just because Mifid doesn’t apply, the spot FX market shouldn’t be a free-for-all for banks,” said Ash Saluja, a partner at CMS Cameron McKenna LLP in London. “Whenever you have a client relationship, there is a duty there.” Sixteen of the largest banks, including Barclays, JPMorgan Chase & Co. (JPM) and Deutsche Bank (DBK), signed a voluntary code of conduct for foreign-exchange and money-market dealers in 2001 that was later included as an annex to guidelines issued by the Bank of England in November 2011. The BOE’s Non-Investment Products Code, which some banks use in contracts with clients, states “caution should be taken so that customers’ interests are not exploited when financial intermediaries trade for their own accounts.” It also says that “manipulative practices by banks with each other or with clients constitute unacceptable trading behavior.” “The thing about the code is it is a voluntary code,” the lawyer said. “It may be that compliance with that has almost been seen as optional.” Wait, you mean bankers signed a voluntary code of conduct promising not to steal and cheat their clients and... proceeded to steal and cheat? Unpossible: bankers would never do that. But since the FX market is indeed huge, and since this is like the Office Space strategy of taking tiny bits of "other people's money", even as everyone in the circle was making illegal profits, and since everyone's interests were aligned, here once again we get the perfect example of what everyone previously said could not happen: a massive manipulative conspiracy which is "impossible" as someone is always expected to talk. Guess what - they never talk if they have enough incentives not to. But the real bottom line is if any idiot is still wondering why there will never be a great rotation out of bonds into stocks, FX, commodities, or whatever, it is because by now everyone knows that the market is one giant rigged and manipulated casino. And it is much more enjoyable to blow your money away in Vegas that alongside the E*trade baby.
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Copper, the Nikkei, the Yen in reverse, silver... AFTER Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101), now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways, writes Gary Tanashian in his Notes from the Rabbit Hole. Actually it's a game of Whack-a-Mole and they play it well, these inflating moles. The minute you think you're going to drop the hammer on one of their heads, he's gone and another one pops up elsewhere. So how can we follow all the data points that hands-on, manipulative policy has introduced and forecast conclusions with accuracy? The answer is that it is difficult in the short-term, but in the long-term we are all dead anyway, so we might as well use some inflationary bubbles of the past as a road map to what may be ahead. There are currently several bubbles (and one anti-bubble: gold) in play over varying time frames. These bubbles are the direct result of policy actions. Last weekend we reviewed the bubble in Japan's Nikkei in relation to its policy-induced crashing of the Yen and then last week wouldn't you know that the Yen caught a bid and the Nikkei suffered an incredibly bearish day? That was the first impulsive hit. The Nikkei could well go back up to test the highs, but something seemed to kick off over there in the Land of the Rising Sun. Don't fall for calming talk across global markets. It appears the first big moneyed interests got the hell out of the Yen bear trade and the Nikkei bubble trade last week. The Nikkei is copper 2006, crude oil 2008, silver 2011, etc. These markets were hockey sticks with the blade pointing up... They reflected hot money that has been given permission to speculate and drive up prices. But this hot money, newly created and pumped into the financial system does little for the real economy. It transforms debt into vehicles for speculation within the financial sphere, with the first users being the most privileged with respect to coming policy. In other words, the financial entities that put the money to work first and most profitably have been given the playbook ahead of time. Let's be realistic about this. That right there disqualifies Bernanke and Co. from any respect in my book. The system is stacked and speaking as an American, is bad for most of America. You may have similar or contrary feelings about the policy of your country or union, depending on where you live. Never before have the few rich been so targeted for further enrichment and the many of modest or little means targeted for further degradation. Meanwhile the hype is that we have a Socialist in the White House. Well, why do you think he is there and why do you think his agenda is so popular? I guess this is how a screwed up society redistributes some of what its corrupted components have horded The entire post-2000 play has been to financialize the economy to keep it going. To financialize something, you need money. To print money you need to put up more credit and so on and so forth. We know that under Greenspan the US had a convenient partner in China, as the US printed up a bubble in commercial credit and sent the consumer out there, credit card in hand to buy up all sorts of cheaply made goods. This helped build China's infrastructure and pump commodities. That was the play; as inflation 'got out there' it took advantage of the 'China build out' hype and pumped strategic commodities. This time around, a different mole has popped up and it is not one that the commodity gurus and gold bugs favor as it leverages the deflationary pressures in many parts of the world, and contains commodity prices. But the money has to go somewhere and a stock market with a Goldilocks story of 'just right' economic and policy conditions carries the day. So in our twisted macro scenario, good is bad. Mediocre is good and bad will still be bad after the current phase passes. Last week the economic numbers were biased positive and the Fed was on full Jawbone with Huey, Dooey and Louie speaking and the last FOMC minutes were released to boot. An over bought market running with the cult of easy money had a little case of the jitters. That is because the financialized markets do not give a damn about what is good for their host countries or the average person. They are fixated on big mouth bankers in high places who feel they have the right to use monetary magic tricks to direct how the rest of us proceed with our financial affairs. They have withdrawn our free market in favor of something they manage as if it were just another government agency overseeing a given area for the public good. It is FrankenMarket and it does not want what is good for America; it wants what is good for it. At the end of last week some inconveniently strong economic data came in on the heels of the jawboning Fed. Weekly jobless claims were down, home prices were up strongly with sales, and durable goods order reversed a big chunk of the previous month's drop. This all paints a picture that puts the Fed in a position to have to answer the question "why are you taking yield from fixed income investors to reward risk takers if with the Dow above 15,000 and the economy strengthening?" The answer is that something of mocked up origins must be defended to the hilt because it was not born of natural means and its Achilles Heel lurks somewhere within the layers of leverage that has brought us to this point in a confusing macro backdrop. US manufacturing activity for instance is just right. It is going nowhere but is not declining impulsively. A question we might want to ask right here and now is how long will it keep up its lame growth if the Dollar keeps appreciating? A hard rise in the US Dollar would croak the manufacturing sector. What happens then, a return to the China labor outsource arbitrage gimmick? That is waning as China's underpaid workers are slowly being converted to consumers with financial means. Here are our hockey stick bubbles du jour... Japan's Nikkei is a hockey stick. Japan's Yen is a hockey stick flipped over. Copper was once a hockey stick and has gone nowhere – subject to massive ups and downs, compliments of the financialized economy – since. Crude oil was a hockey stick that got members of congress squabbling and hand wringing about how to control the evil speculators that drove the price up to such debilitating highs. Remember? The bubble was actually compliments of Alan Greenspan's out of control credit policies, which I'll bet not one of those bozos sought to blame back then. And finally, we have the silver hockey stick, which formed a huge blade right into the conclusion of the last inflationary phase and commodity blowout. Bottom line on the games of whack-a-mole and bubble hockey? With the modern way of doing things, money is created and set free to go where it will go within the structure of the global economy. Sometimes its inflationary effects will pop up here and sometimes there. Early last decade it was freed up to create a commodity bubble that attached itself to the 'China Story', which was itself a manifestation of the US-China cooperative experiment in credit creation and consumer spending. There is Paul Krugman; he of the respectable platforms at the New York Times and Princeton and there has been Larry Summers; he of the respectable platforms at the US Treasury and Harvard. There have been a thousand others throwing their hats into the ring, speaking intelligently as if they are anything but promoters of an unproductive system that issues credit and creates new money out of nowhere toward its ends. It is not a natural economic path. There will be resolution to the hockey stick forming in the Nikkei. The US and other global markets that have launched rallies through inflationary monetary policy along with the Yen's fall should be affected as well. As we have shown each week, there has been a great wall of sentiment-fueled rationalization erected as to why the new bull atmosphere is real and sustainable. Did the first brick pop out of that wall last week with the Nikkei's 7%-plus decline in a day? The "anti-bubble" is the hockey stick pointing downward toward hell that is the current view of most market participants toward an anchor to honest monetary systems. Namely gold. Think about this for a moment; creators of paper and digital money (i.e. credit) have got the global investment community eating out of their hands in service to asset speculation (in this case, equities) and in utter revulsion toward the anti-market to all of this chicanery, gold.
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WORLD BANK WHISTLE-BLOWER: “PRECIOUS METALS TO SERVE AS AN UNDERPINNING FOR PAPER CURRENCIES” http://silverdoctors.com/world-bank-whistle-blower-precious-metals-to-serve-as-an-underpinning-for-paper-currencies/#more-26232 WORLD BANK WHISTLE-BLOWER: “PRECIOUS METALS TO SERVE AS AN UNDERPINNING FOR PAPER CURRENCIES” MAY 7, 2013 BY THE DOC I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower. It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption. During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals. Hudes stated: “All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, as we’ll have both systems at the same time.” From Tekoa Da Silva: Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [swiss] systems analysts who used mathematical modeling [shows] how the [world's] 43,000 transnational corporations were being controlled through interlocking corporate directorates. There’s a group of 147 companies, most of them are financial institutions, and what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, and 60% of their earnings…so that group has been using the presidency of the World Bank as kind of a puppet to dominate the world—that’s [now] finished.” A major shock to that centralized power base, according to Karen, was the recent move by BRICs nations leaders to bypass the World Bank for their financing needs, by establishing their own development bank. “As the BRICs [nations] economic power grows,” she explained, “they’re not going to be strangled anymore through the grabbing [of] their resources…So their decision to start their own development bank was their way of letting [world] governments know…that its time to end this corruption.” Major moves toward monetary independence are also being made by growing numbers of U.S. states, Karen added. She explained that, “The states are starting to have legislation recognizing gold and silver bullion as legal currency. This is [also] a very strong signal the states are sending to the federal government, that the time to get serious about ending the corruption in the financial system is now here.” When asked her thoughts on what this all means for the world monetary system, Karen said, “What’s going to happen, is we’re going to have all the countries of the world, sit down and figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance and unsustainable deficits…[this change] is going to happen as each country makes its preference known, because the system we have now is not transparent, and the biggest change [in the new system], is that there’s going to be transparency.” That transparency may be found through a gold-backed currency system, Karen noted, as, “All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, [as] we’ll have both systems at the same time. This is my guess, as I mentioned—I am an economist.” As a final comment speaking towards her difficult journey as a World Bank whistle-blower, Karen said, “I’ve been struggling now for years, to tell the American public what’s [been] going on. I haven’t gotten through, because this [financial] group has bought up the press and has been spreading disinformation systematically. That undermines the whole point of a democracy. How can voters vote without an informed opinion, without the information that they’re entitled too? So this strangle-hold on information is going to end in very short order.” —— This was a powerful interview conducted with a great American patriot and honorable world citizen. Karen is setting an example for the history books, and her interview is required listening for global thinkers and market students.
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http://www.wealthdaily.com/articles/a-150-increase-in-this-silver-companys-dividend/4013
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