Alasdair Macleod: Money Supply Accelerating

March 25, 2013 By 14 Comments

The monthly figures for the US dollar components of Austrian, or True Money Supply, for February are now in.

The path of least resistance is simply to continue to issue more and more money (so long as it has any purchasing power). The alternative, permitting the collapse of the banking system, businesses and even government itself, is unpalatable. Meanwhile, the dollar has a brief window of zero interest rates before the effect of excessive increases in money quantities on prices graduates from inflating asset values to inflating prices for food, energy and other consumables.

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Survivor of Mexican Peso Devaluation: Read the Writing on the Wall, Extricate Yourselves From Your US Dollar Positions!

March 21, 2013 By 20 Comments

currency devaluationIn light of the recent events in Cyprus, where the banks will reportedly remain closed at least through March 26th and the likelihood that Cyprus will exit the Eurozone, re-institute the Cypriot pound and devalue the currency is growing by the minute, we thought it apropos to republish LRS’ first hand account and experiences recognizing, surviving, and even profiting from the devaluation of the Mexican Peso in the late 1970′s.

For those unfamiliar with the account of the 1976 Mexican Peso devaluation (and anyone who has not experienced a currency devaluation first-hand), this is an ABSOLUTE MUST READ as while the Cypriots may be the first, they will undoubtedly not be the last to devalue their currency before the global financial debt crisis is over.

LRS, who successfully saw the Peso devaluation coming and side-stepped loss of wealth by converting his funds into US dollars, states that Americans must:
Read the writing on the wall, and extricate yourselves from your US dollar positions.  Physical gold and silver bullion and coins will be the ultimate protection and wealth preservation assets during the coming devaluation of the US dollar.
My experience with the peso devaluation makes it necessary for me to move my investments away from paper into physical gold and silver.  It is going to be a very tough time for the US and I anticipate the Mexican devaluation will pale in comparison to our dollar devaluation.

LRS’ full first-hand account of the Mexican Peso devaluation is below:
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JS Kim: We’ve All Been Cyprus’d Already!

March 20, 2013 By 10 Comments

cyprusIn this excellent report by SmartKnowledgeU’s JS Kim, JS discusses the attempted theft of 10% of Cypriot funds by the European banksters, and points out that the Western Central banksters have routinely been executing a far greater theft against everyone than any of the numbers proposed in Cyprus.

People are rightfully infuriated over the bankers’ attempt to steal 10%+ of all Cyprus bank accounts recently to bail out the banks. What people must realize is that bankers have been executing a far greater theft against all of us through inflation than the proposed Cyprus theft and here’s what we can do to stop it. [Read more...]

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FOMC: QE Continues at $85 Billion a Month for Indefinite Future! Metals Smash in Progress!

March 20, 2013 By 16 Comments
  • Fed leaves QE at $85 billion/month
  • Inflation target 2%
  • Gold & silver raid in progress!2:02 PM Update:  Metals retrace entire algo smash!

 

Full March FOMC Statement is below: [Read more...]

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Stewart Thomson: Central Banks Will Push Gold Higher, Retail Investors Will be Lining up in Bread Lines

March 20, 2013 By 11 Comments

depressionSubmitted by Stewart Thomson:

My long-held view is that at the end of this gold bull market, American retail investors will not be lining up in the street to buy, like they did in the 1970s. 

Instead, they will more likely be lining up in real breadlines, like they did in the 1930s.  Central bank buying will push the gold price higher and higher, and their balance sheets will probably look vastly worse than they already do.
Fundamentals make charts.  The fundamentals of the Fed’s balance sheet are likely to make gold and gold stock charts look very good, but only for investors who buy at lower price levels, when it is uncomfortable to buy.
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Eric Sprott: Do Western Central Banks Have Any Gold Left??? Part II

March 19, 2013 By 8 Comments

sprottWe are currently in an environment where policy makers are intent on devaluing their currencies in an effort to create growth. Real rates continue to stay negative in most of the developed world. Every marginal dollar of debt that is created is producing lower and lower amounts of growth. In a world overwhelmed by mountains of debt and economic growth which is sub-par at best, precious metals and real assets can act as insurance against the stupidity of policy makers. The evidence pointing towards the suppression of the gold price is becoming increasingly apparent. Don’t be the last person to figure this out! The current sell-off in gold should be viewed not with extreme trepidation but as an unbelievable opportunity to buy the metal at an artificially low value. [Read more...]

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Watch Bernanke’s Press Conference LIVE NOW!

March 18, 2013 By 10 Comments

ben bernanke press conference watch liveWatch Ben Bernanke’s FOMC Press Conference here LIVE at 2:30pm EST! [Read more...]

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Jim Willie: The Collapse is At Our Doorstep!

March 17, 2013 By 45 Comments

Jim Willie collapse

*Editor note: Willie’s prediction that a European triggered complete collapse is at our doorstep is looking extremely timely with Europe staring a banking crisis in the face in the wake of the Cypriot depositor haircut announcement.

The Golden Jackass Jim Willie sat down with The Doc this weekend for the second part of an extraordinary interview regarding gold, silver, and what Willie believes will soon be a massive European banking collapse.

Willie states that a global financial collapse is now at our doorstep, and that the endgame will be triggered by a small-medium sized bank failure in Europe.

Willie informs SD readers that the coming European bust will ignite a global Gold rush as the only remaining safe haven, will see an end to the reserve status of the USdollar, and will result in the arrival of the Gold Trade Finance platforms. 

Willie also discusses The Fed’s futile attempts to re-inflate the housing bubble, and the series of climax events that will bring a breath-taking global financial collapse to our doorstep!

The Golden Jackass states that the coming collapse will devastate everyone in the West except those who are bold enough and brave enough to buy gold & silver NOW!

Jim Willie’s second part of an explosive, 2-part interview with The Doc is below:  [Read more...]

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CNBC Host Responds to GATA’s Chris Powell’s Claims of Gold Manipulation: It’s Almost Like the Matrix!

March 15, 2013 By 51 Comments

imagesIn a sign that the MSM is finally being forced to acknowledge the gold and silver manipulation story after the CFTC this week announced they are having internal discussions on whether the daily London fix in gold & silver is subject to manipulation, CNBC’s Squawk Box has invited GATA’s Chris Powell on to discuss manipulation of the gold market.

Powell states that the CFTC is under pressure regarding gold and silver and is attempting to pretend they are investigating, but that the AG has stated that the TBTF banks are too big to jail, and that the CFTC has not opened any real investigation. 

When asked by the host how Central Banks can be manipulating gold when the Central Banks have been big purchasers of gold over the past few years Powell replied:  Because there are 2 categories of Central Banks.  For every Central Bank that has been buying gold, there is a Western one that has been leasing, swapping, and dumping gold onto the market.   Swaps and leasing are the mechanism of the manipulation.  Eastern Central banks are buying, Western Central banks are selling to support their currencies. 

In a moment of clarity, the CNBC host responds to Powell:  Isn’t it almost too late? Look at the proliferation of gold EFT’s with people getting into paper gold, thinking that they’re actually owning a chunk of metal when they actually don’t own anything!  It’s like a synthetic market created on the base of a real market!  It’s almost like the matrix!

Powell’s full MUST SEE Squawk Box interview is below: [Read more...]

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A Look Inside the Secret Tunnel Connecting JPM’s Gold Vault to NY Fed

March 5, 2013 By 15 Comments

Bernanke-Dimon-Fed-TunnelSaturday, ZH broke the story that JPMorgan’s secret Manhattan gold vault (the largest vault in the world) was directly across the street, and connected via underground tunnels to the NY Fed, which supposedly houses over 25% of the world’s central bank gold reserves.

Today via our friend Pining from TFMetals, we offer readers a rare glimpse inside the secret (until now) tunnel between the NYFed & JPM’s gold vaults. [Read more...]

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ZH Discovers JPM’s Largest Gold Vault in the World is Across the Street, & Connected by Tunnel, to NY Fed!

March 2, 2013 By 15 Comments

JPM ChaseAfter uncovering JPMorgan’s secret gold vault in London last week, the Tylers at ZeroHedge have discovered via several documents buried at the CFTC’s website revealing that JPMorgan’s secret gold vault in Manhattan is across directly the street from none other than the NY Fed.

The vault, according to one of the original architects, is the largest gold vault in the world at over a football field in length, was built on the Manhattan Island bedrock 5 stories below street level to withstand a direct nuclear blast, and is literally connected by underground tunnel to the NY Fed’s gold vault.  

Can you say gold rehypothecation?

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Inside America’s Money Vault: A Trip into the NY Fed’s Gold Vault

March 1, 2013 By 16 Comments

NY Fed goldNational Geographic has released an intruiging documentary inside some of the world’s largest and most secure vaults- including the NY Fed’s gold vault:
For over 80 years, armoured cars have navigated Manhattan’s narrow streets carrying millions and sometimes billions in gold deposits- in and out of the one bank trusted enough to guard almost one-quarter of the entire world’s gold supply.  You heard it right.  Nearly 25% lives here at 33 Liberty St.  

The cameras roll following a $55 million gold delivery into the NYFed, and 5 floors below street level onto the Manhattan Island bedrock itself.

Between the Treasury Dept’s recent release of their internal gold audit of Treasury gold held at the NY Fed and the following propaganda video tour, The cartel doth protest too much methinks.

National Geographic’s full documentary on the NY Federal Reserve Gold Vault is below: [Read more...]

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Jim Willie: Gritty Questions on the Historic Collapse

March 1, 2013 By 38 Comments

collapseBy Jim Willie, GoldenJackass.com

The typical articles over the last many years have featured a particular theme. In the last few months, the central theme in Jackass articles has been the isolation and demise of the USDollar, how it is happening, why it must happen, and its importance in the restoration of the global financial structure. But this week, a sudden urge has come to address an overwhelming list of critical gritty questions. They crop up with clients, colleagues, and friends.

More than a crisis, it is more accurately described as a collapse of a corrupt inequitable monetary system, and a desperate defense by the major Western bankers to preserve their power over nations and their governments, alongside a vile vicious violent attempt by the United States to maintain its privilege as owner of the vast USDollar counterfeit machinery, as controller of vast banking pillars of paper columns, and as commander of a vast military.

THE UNITED STATES IS PREPARING TO FALL INTO THE THIRD WORLD.

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Silver Update – Bernanke,Thou Madman

February 28, 2013 By 5 Comments
Source: Banzai7

Source: Banzai7

BrotherJohnF’s latest Silver Update:

Bernanke,Thou Madman [Read more...]

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MEXICO’S FEDERAL AUDIT DEMANDS PHYSICAL INSPECTION OF SOVEREIGN GOLD HOLDINGS HELD AT BOE!

February 27, 2013 By 15 Comments

Bank of Mexico*BREAKING
Guest Post, by Guillermo Barba

Today we have an exclusive note on this blog: the Mexican Superior Audit of the Federation (“ASF” in Spanish), in its “Report of Supreme Audit Results of the 2011 Public Account” delivered last week to the Chamber of Deputies, gave a stern “recommendation” to the Bank of Mexico (Banxico) to audit the Bank of Mexico’s gold reserves held in London at the Bank of England.

The reason is one of the most important issues we have addressed here: the gold reserves of Mexico.
As you may recall, last year we informed that after four months of legal wrangling with Banxico, it was forced to give us the information about the supposed physical location of Mexico’s sovereign gold holdings.  In the disclosure, we discovered that 95 percent of the Mexican gold reserves (about 125 tonnes) were abroad, and almost all (99%), in London, England.The ASF has determined that Mexico should “make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and thecompliance with the terms and conditions of dealing with this Asset…” It was verified by the ASF that this has never been done by Banxico.

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