Today James Turk told King World News that despite the current weakness in prices, there are extraordinary delays for both physical gold and silver in Europe... the central planners on the verge of being forced to release the price of the metals higher.
The Dow Jones is soaring. The unemployment rate is stable. People are shopping. America is in recovery. Or is it? Despite all of the positive spin being put on the global and domestic economic recovery, the truth is that nothing of the sort is actually happening.
Financial Empire may have reduced us all to debt prisoners, but we can still become the social protagonists of history’s greatest-ever prison break.
Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.
Bill to overturn 1992 court decision has support of Obama, Amazon and Walmart – but its future in the House is uncertain. A 1992 supreme court ruling that said a state could not force a retailer to collect sales tax unless the retailer had a physical presence in the state. Photo: Scott Sady/AP
Diabetes Drugs Cost $35 Billion/Year: Why are we Using Tax Dollars to Buy 400,000 Tons of Sugar? The blatant ways in which the government mindlessly spends our tax money when our health is in decline and the economy sputters along on the petro-dollar are often astounding.
The ISM said in a report released on Thursday that its index of national factory activity dropped to 50.7 in April, down from 51.3 in March. Experts characterized the drop in manufacturing growth to dissatisfaction with the fiscal cliff negotiations, employment market and expectations of inflation.
Here's a really weird "alternative history" thought experiment on this day set aside to celebrate workers around the world. Try to imagine a President of the United States standing up before Congress and saying something like this:
The mainstream media is not telling you this, but the truth is that most Americans are steadily getting poorer. The middle class is being absolutely eviscerated, and poverty is soaring to unprecedented heights.
The official silence on the growth of poverty and social misery stands in stark contrast to the daily struggle of the majority of the US population just to make ends meet.
The vast bulk of new jobs are in low-wage service industries or in temporary or part-time positions.
The dollar fell against the euro Friday despite a rather strong U.S. April jobs report that otherwise sent stock markets and oil prices soaring.
Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures.
Figures on the state of the European economy published over the past week are not only the expression of a deepening economic and social crisis. They have a profound historical meaning, pointing to the bankruptcy of the capitalist economic order.
There have been so many assaults committed by stealth against Americans of good faith, and carried out so slowly and incrementally, that you have actually been ambushed. Now I’d advise that you prepare for the sucker punch.
9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.
Unemployment in the euro zone hit another record in March, climbing for the 23rd consecutive month, with no end in sight to the economic and social catastrophe gripping Europe.
The percentage of Americans that are working for themselves has never been lower in the history of the United States... by murdering small business, the bureaucrats are destroying the primary engine of job growth in this country.
Ron Paul and Jim Rogers spoke at the Sovereign Man: Offshore Tactics Workshop in Santiago, Chile, on March 30 – April 1, 2013. These are clear warnings signs that a rational person simply cannot ignore.
Most people feel that a time of great change is upon us. But what kind of change is unfolding, exactly? To answer that question, we must examine current trends and attempt to understand where they are headed.
HUNDREDS OF low-wage fast food and retail workers walked off the job and into the Chicago streets on April 24, only two weeks after fast food workers in New York City held another similar walkout and amid an ongoing national campaign against the retail giant Wal-Mart.
People have to understand that going forward large deposits by ‘non-insiders’ are no longer going to be permitted. The goal of this pre-arranged wealth destruction is to equalize the ‘new rich’ and the ‘upper middle-class.’ Those not on the inside, with the right families and the right companies, are not going to be tolerated in the ‘New Paradigm’ of currency and metal that we are now moving into. So the only means of being able to protect yourself will be to understand the answer to the question, ‘What is the final end game for the most powerful families that are in fact running countries and markets?’....
The obscene greed-and-arrogance stories emanating from Wall Street are piling up so fast, it’s getting hard to keep up. This one is from last week, but I missed it – it’s about the foreclosure/robo-signing settlement that was concluded earlier this year.
On Wednesday, April 24, a day after Bangladeshi authorities asked the owners to evacuate their garment factory that employed almost three thousand workers, the building collapsed. The building, Rana Plaza, located in the Dhaka suburb of Savar, produced garments for the commodity chain that stretches from the cotton fields of South Asia through Bangladesh’s machines and workers to the retail houses in the Atlantic world. Famous name brands were stitched here, as are clothes that hang on the satanic shelves of Wal-Mart. Rescue workers were able to save two thousand people as of this writing, with confirmation that over three hundred are dead. The numbers for the latter are fated to rise. It is well worth mentioning that the death toll in the Triangle Shirtwaist Factory fire in New York City of 1911 was one hundred and forty six. The death toll here is already twice that. This “accident” comes five months (November 24, 2012) after the Tazreen garment factory fire that killed at least one hundred and twelve workers.
“These policies of supporting the financial system or the banking system are not going to work. QE1 didn’t work, QE2 didn’t work, now we’ve got QE3 and Japanese money printing. Central banks are (also) now buying stocks. How much lunacy do we have to have? Just think through it a little. It has to stop some day. We just can’t keep accelerating this without one of two things happening: You are going to get a financial collapse, or you are going to get hyperinflation....
Thanks to the revelation brought to the world regarding the paper gold fraud, certain gold shares will now advance by many hundred percents. Some are likely ten baggers like in the 1980s. Good growing intermediate tier producing gold shares will lead gold majors, gold and all equities now to new highs in its own unprecedented bull market as the successful short of gold share hedge funds sitting with huge shorts have become complacent. There is a new definition to the right gold companies. They are the holders of the real physical supply.
Police and protesters have clashed at an anti-government demo in the Spanish capital, Madrid, with bottles thrown and officers making baton charges. The government is set to reveal a new plan to turn the economy around.
The worldwide gold battle between paper sellers and physical buyers rages on into its second week…and the physical forces are winning big time!! Ever since the world banking elite two weeks ago attempted to terrify physical precious metals owners by flooding the paper markets with over $50 billion of naked sell orders, something really strange has happened.
What is happening to you America? Once upon a time, the United States was a place where free enterprise thrived and the greatest cities that the world had ever seen sprouted up from coast to coast. Good jobs were plentiful and a manufacturing boom helped fuel the rise of the largest and most vibrant middle class in the history of the planet. Cities such as Detroit, Chicago, Milwaukee, Cleveland, Philadelphia and Baltimore were all teeming with economic activity and the rest of the globe looked on our economic miracle with a mixture of wonder and envy. But now look at us. Our once proud cities are being transformed into poverty-stricken hellholes. Did you know that the city of Detroit once actually had the highest per-capita income in the United States?
Legislation that would empower states to tax online purchases cleared a key hurdle in the Senate on Monday after winning an enthusiastic endorsement from President Obama.
In what could to grow into a class action in US courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of the USD250 she put in an account in 2006 had shrunk by 30%. She claims it was the result of the Fed issuing too much money, and as The South China Morning Post reports, her son Li Zhen, the lawyer, called the lawsuit "litigation for the public good". Alleging "abuse of monopoly in issuing currency," the People's Court of Kunming has yet to rule on the litigants' demand that the Fed cease-and-desist from its quantitative easing policy.
We are in the midst of experiencing two of the most radical weeks in the history of the precious metals markets. Paper prices for gold and silver, those prices determined by the fraudulently managed commodities exchanges (namely the COMEX and the London Bullion Marketing Association – LBMA) and regulated by the equally corrupt and complicit Commodities Futures Trading Commission (CFTC), have been driven into the basement.
On Monday the Greek coalition government and the “troika” of the European Union, International Monetary Fund and European Central Bank announced an agreement over the disbursement of a further loan instalment of €2.8 billion. The release of the tranche, from the overall loan package of €240 billion due at the end of last year, was delayed for months when previous talks broke down.
One of the more curious revelations of the New Normal is the fundamental dichotomy when investing between paper "investors", or those who chase returns based on intangible, fiat-based and central bank-backed promises, such as capital appreciation or cash flow streams, and those who would rather convert their paper money into hard assets, even if said assets can not be, in the immortal words of Warren Buffett, fondled, or otherwise generate a cash-based return. Such as gold.
George Soros knows something dreadful is coming. The Rockefellers know goldman and plutocratssomething big and bad is about to happen. That something big is the imminent collapse of all fiat, paper money currencies around the world. In their secret Bilderberg meetings, the globalists have positively planned the exact date of our financial demise. You can even bet the next “black whatever day” will coincide with an ironic date which will make the globalists chuckle at the planned inception of next false flag event.
Amid mass unemployment, swelling poverty rates and falling wages, Wall Street hedge fund operators once again raked in astronomical pay packages last year.
The orchestrated attack on bullion in the paper gold market took the spot prices of gold and silver down on Friday and Monday, but actual physical purchases rose during this period. The sales were of paper claims, not of real metal. The demand for physical possession of bullion rose so strongly that large wholesalers such as www.tulving.com and large retailers such as Gainesville Coins reported sold out items. Also, dealers raised the premiums above the spot price that is charged for coins. From Friday to Monday the premium on Silver Eagles at the large online retailer, Gainesville Coins, rose from $3.75 to $5.99 above the spot price of silver. The percentage increase in premium was larger than the percentage decline in the silver price. Thus, the price of a silver one Troy ounce coin did not drop despite the drop in the spot price. Today (April 16) the price of a silver eagle purchased with a credit card from retailer Gainesville Coins is $30.36. You would never know that the market had fallen out. Today (Tuesday, April 16) Tulving reported 29% of its bar and coin bullion categories sold out and had almost no silver coin stock.
The facts in the public domain do not justify the sharp fall in the gold price over the past two trading days. At the time of writing, the price per 100oz is $1363, down over $200 since Friday's open. The scale of the sell-off was the worst in 30 years, with the volatility index standing at the highest level in its history. John Kemp at Reuters has calculated that based on a normal distribution, you would expect to see movements like Monday's only once in every 500 million trading days, or two million years. The news which would justify such a price swing is curiously absent – in fact, my view is that the market ought to be bullish for gold. Something doesn't add up.
“I have assumed from the beginning that it is the Fed’s concern with the dollar because the dollar is being printed in huge quantities at the same time that other countries are abandoning the use of the dollar as international payment. The exchange value of the dollar is (being) threatened, and if that collapses the Fed loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail. So it’s an act of desperation because they’ve got to establish in people’s minds that the dollar is the only safe place, it is the only safe haven, not gold, not silver, and not other currencies.”
What you are witnessing in the gold market right now is the final liquidation of the gold bug. On Friday gold fell $84 an ounce for a 5.38% drop while the HUI gold stock index fell 6%. Big bad moves. What is worse these drops have come after months of falling gold prices all while the S&P 500 has gone higher.
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