Monday, November 20, 2017

The US Issues A Travel Warning For This Holiday Season


US begins to push the agenda to stop other news sources from reporting the news, this is another step in trying to block the truth. Zimbabwe coup is underway but it looks like the government is still intact. Russia vetoes the UN resolution on chemical weapons and writes their own. The US issues a travel warning for Europe this holiday season.

- Source, X22 Report

Sunday, November 19, 2017

India's Continued War on Gold Results in an Explosion of Silver Imports

For anyone that has followed my writing for some period of time, you will remember the series that I wrote, which broke down India's war on gold and how it was going to fail in its goal and fail spectactually it did.

This series went on and through time, my initial estimations were proven correct, the officially reported number of gold imports did indeed crash, but this was simply because the black market exploded. Smuggling of gold into India increased dramatically and all kinds of innovative ways of getting the metal into the country at reduced costs were created. The free market exerted its will and as always, won the day.

Undoubtedly, there was some reduction in imports, but not as much as the government of India was hoping for. Yet, there was one other predication that was made during this time period, of which has also been proven correct through time. The demand for silver was going to explode.

India in the past has had a history of being the largest importer of the yellow metal, which it has only recently been dethroned from. Their appetite for gold is insatiable and therefore it was only logical to assume that a large percentage of the funds intended to flow into gold, were going to go to the next best thing. Silver.

This has and continues to prove to be the case. As reported, imports of silver in September exploded higher, increasing by a whopping 152% year over year! This coming on the back of an already significant surge seen in the month of August.

566.778 tons of silver were imported throughout the month of September, up from 225 tons in September 2016. A massive and huge increase, indicating that India's appetite for precious metals not only remains strong, but is increasing, despite the government's best efforts to clamp down on it. In fact, this was the highest level seen, since 2009.



Meanwhile, in the West, precious metals continue to be scorned and ridiculed, cast aside and forgotten as the latest and greatest thing continues to siphon funds out of this market. Crypto currencies, led by Bitcoin, continue to drain funds that would otherwise have gone into the precious metals space.

This is not entirely a bad thing, unless you are fully committed to the precious metals space. As many of you know, I have been a long time supporter of Bitcoin, writing about its value from its infancy. But, still, as I have always stated, it is no replacement for gold and silver, which have stood the test of time for over 10,000 years and will continue to do so for the foreseeable future. They are two different assets and play two different roles in the protection of your portfolio.

I expect 2018 to be the year of gold and silver's resurgence after the monumental explosion seen throughout this year in the price of Bitcoin. A price increase that has made many feel like they have "missed the boat", which will cause them to search for other opportunities.

I expect the West to once again wake from its slumber and take cues from countries such as Russia, China and India, who continue to take prudent steps and diversify into hard assets.

- As Originally Seen on the Sprott Money Blog

Friday, November 17, 2017

Gregory Mannarino: The Moment of Implosion is Coming


Gregory Mannarino says, " We are now under an umbrella of debt, which can only get worse. It can never be paid back. It keeps getting bigger and bigger. There is going to be a moment of implosion when the debt based economic model cannot function anymore. Then everything grinds to a halt. That’s it, it’s party over.” 

Mannarino also says don’t expect the Fed or any other central bank to come in and blow another bubble when this one pops. Mannarino warns, “This time the Fed cannot do anything. There can be no bailout, there can be nothing. The money they lose this time will not come back in their lifetimes. Maybe the next lifetime in whatever system evolves out of this, but in this lifetime, the money people lose this time is never coming back.”

- Source, USA Watchdog

Wednesday, November 15, 2017

Get Ready: The Economy Declined Further And Nobody Noticed


A new record was set, there are now 95,385,000 people not in the labor force. Many Americans have looked for jobs but there are no jobs out there.Retail and those companies that make products for retailers are feeling the declining economy. Russia ramps up gold purchases in preparation for a failing global economy.

- Source, X22 Report

Monday, November 13, 2017

Russia Buying Gold at Record Pace, Unlikely to Lose Momentum


Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks.

In the third quarter of 2017, the Central Bank of Russia bought 63 tons of the precious metal, bringing its gold stockpiles to 1,778.9 tons as of the end of September.

In September only, the regulator added 34.6 tons of bullion to its reserves, in the highest monthly increase since October 2016.

Currently, the Russian Central Bank has been ranked sixth in the world in terms of bullion reserves. The top five are the United States (8,133.5 tons), Germany (3,373.7), Italy (2,451.8 tons), France (2,435.9) and China (1,842.6).

At the same time, according to the WGC, the Russian Central Bank is leading in terms of the pace at which it is stockpiling gold.

According to the Russian business daily Kommersant, by stockpiling bullion, Russian wants to have guarantees amid the tightening of the US Federal Reserve’s policy and amid the growing tensions between Moscow and Washington. Russia also wants to protect its reserves against possible geopolitical risks.

If US sanctions are expanded to block Russia’s assets invested in US Treasuries, gold will be a "magic wand," Andrei Vernikov, senior investment analyst with the asset management company Zerich Capital Management, told Kommersant.

Market analysts also suggest that the Russian Central Bank will continue to expand its gold reserves.

"The regulator will continue to amass gold in its reserves, decreasing the share of US Treasuries," Alexander Losev, CEO of Sputnik Asset Management, told the newspaper.

If the Russian Central Bank continues to buy gold at the same pace Russia is likely to topple China as the world’s fifth-biggest holder of bullion in early 2018, according to Kommersant.

Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks.

In the third quarter of 2017, the Central Bank of Russia bought 63 tons of the precious metal, bringing its gold stockpiles to 1,778.9 tons as of the end of September.

In September only, the regulator added 34.6 tons of bullion to its reserves, in the highest monthly increase since October 2016.

Currently, the Russian Central Bank has been ranked sixth in the world in terms of bullion reserves. The top five are the United States (8,133.5 tons), Germany (3,373.7), Italy (2,451.8 tons), France (2,435.9) and China (1,842.6).

At the same time, according to the WGC, the Russian Central Bank is leading in terms of the pace at which it is stockpiling gold.

According to the Russian business daily Kommersant, by stockpiling bullion, Russian wants to have guarantees amid the tightening of the US Federal Reserve’s policy and amid the growing tensions between Moscow and Washington. Russia also wants to protect its reserves against possible geopolitical risks.

If US sanctions are expanded to block Russia’s assets invested in US Treasuries, gold will be a "magic wand," Andrei Vernikov, senior investment analyst with the asset management company Zerich Capital Management, told Kommersant.

Market analysts also suggest that the Russian Central Bank will continue to expand its gold reserves.

"The regulator will continue to amass gold in its reserves, decreasing the share of US Treasuries," Alexander Losev, CEO of Sputnik Asset Management, told the newspaper.

If the Russian Central Bank continues to buy gold at the same pace Russia is likely to topple China as the world’s fifth-biggest holder of bullion in early 2018, according to Kommersant.

- Source, Sputnik News

Sunday, November 12, 2017

Propelled by the West, China and Russia Grow Closer



Whether the financial elites of the West know it or not, they are sending us down the path of defeat. Will this happen next week, next month, or even next year? This is highly unlikely, but what is most certainty assured, is the slow decline of the West's power and its geopolitical influence over the rest of the World.

As I have written about numerous times in the past, our financial and political leaders in the West are creating an unholy alliance between Russia and China, two super powers that now have the ability to oppose the West, flip the switch and de-throne the King Dollar whenever they want. The question is not if, but when at this point.

Through sanctions, negative rhetoric and abuse of the powers that the United States have been bestowed through being blessed with the ability to print the World's reserve currency out of thin air, whenever and in whatever quantity it wants, the West has ensured that other countries will act in their own best interest and eventually attempt to overthrow the rotting fiat based system that we live under.

Perhaps this is for the best? Perhaps it is not, and we are looking at a future that is both abysmal and filled with tyranny. Despite the many faults of the Western political system, it is still relatively free, especially when compared to that of the Chinese and Russian based systems.

Sadly, it appears that it is unavoidable at this point that the torch will eventually be passed from the West to the East, as Western governments continue to spit in the face of the "golden rule", while the Eastern officials embrace it. He who holds the gold, makes the rules.

It almost seems weekly now, that another news article is released, proving that the alliance between Russia and China continues to not only grow, but flourish. Therefore it comes as no surprise to learn once again that these two countries have entered into another partnership that will strengthen their bond that much more.

As Bloomberg reports;

Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," Alexey Chekunkov, head of the fund, said in an interview in Danang, Vietnam, where he attended an Asia-Pacific Economic Cooperation business forum. "Our first goal will be to invest in gold, precious metals and copper projects."

This is just further proof of how close these two countries are becoming and how they are jointly beginning to work together. Their obsessions with gold should not be overlooked, as it has been alluded to more than once, what their intentions are. A hard asset backed currency, with gold being one of the main components.

We will continue to see reports such as this being disclosed on a monthly basis. Their thirst for the yellow medal is insatiable and their need to protect themselves against the ravages of fiat money being unleashed by Western powers is paramount.

As we discussed before, the question is not if, but when. Plan accordingly.


- As Originally seen on the Sprott Money Blog

Friday, November 10, 2017

Art Cashin Lays Out Risks in Current Market Environment


Art lays out three primary risks:
  • Political uncertainty
  • Credit market worries, highlighted by the fact that Junk Bond Index is down 7 days in a row
  • Trump’s tax cut bill is dead
Add these things on top of an already frothy tape, beset by amateur speculators and weak hands, and there is a significant risk here for further downside.

- Source, Gold Silver

Wednesday, November 8, 2017

Dr. Ron Paul: We Are Approaching the Point of No Return


The treatment for this is a correction; you have to allow the debt to be liquidated. You have to get rid of the mal-investment and you have and to allow real economic growth to start all over again. But that wasn’t permitted in ’08 and ’09, which is why there’s been stagnation. It's hard to believe that today we have negative interest rates -- real rates are negative and people still aren’t grabbing them up! A shortage of money isn't the problem here; rather, it’s a shortage of understanding market conditions.

We’re over-taxed and over-regulated. This is resulting in a destructive system that has divided the country into two groups: those who haven’t recovered from the Great Financial Crisis versus those who are getting very rich because they're on the receiving end of the new money created by the Federal Reserve. The people who get to create the credit get to distribute the credit, which always results in a situation where money becomes unfairly distributed, as its allocation is no longer dependent on productivity.

- Source, Peak Prosperity

Monday, November 6, 2017

Dr. Ron Paul: Is the Fed Safe?


President Trump is great at stirring up controversies and throwing red meat to the media. He's great at keeping the left in a permanent state of hyperventilation. He's great at rallying his supporters. But when it comes to actual policies, the status quo has been maintained across the board. The warfare is safe. The welfare is safe. Even the Federal Reserve is safe under Trump.

- Source, Dr Ron Paul

Friday, November 3, 2017

There Will Be Total, Absolute Breakdown In The World

Multi-billionaire Hugo Salinas Price: “Money, in its highest manifestation, is gold. However, silver can also be money, though not as aptly as gold.

Money is, has always been, and always will be a commodity. Bitcoins, as well as Dollars and all other currencies today, are not and cannot be money, because they are not commodities…

In trade, all commodities exhibit what is called a “declining marginal utility”, with one notable exception.

Carl Menger (1840-1921, Vienna) illustrated the phenomenon of declining marginal utility by the example of a farmer who owns a wheat field. Suppose he only gets one sack of wheat from a crop. This is the most valuable, and he will use the wheat to feed his family. Each successive sack of wheat obtained by the farmer is devoted to progressively less valuable applications; finally, there comes a point where the farmer uses the last incoming sack of wheat to feed his pet canary.

Thus, as we own more of a given good, the less valuable to us is the last good. The “marginal utility” of a good declines as we have more of that good.

Gold is a commodity: we can make jewelry and ornaments out of it, and it has some industrial applications, and gold is also money because if we are to receive a payment, we will apply virtually no discount on the value of the gold we receive, no matter how great the sum is. We will value the last coin received just as highly as the first. It is the exceptional commodity in this respect.

The “declining marginal utility” of gold is, for all practical purposes, non-existent. That is why it is money, as well as a commodity.

Bitcoins and Dollars – and all currencies – are not “commodities”; they are nothing but numbers and have no substance.


Ever since August 15, 1971, when President Richard M. Nixon ceased to deliver gold to the holders of Dollars who had been promised gold in exchange for their Dollars, the world has not been enjoying the use of money. Instead, it has been using simple numbers, and those numbers are now in the trillions upon trillions.

What took place in 1971 was a deadly disconnect between the rational faculty of humanity and the reality of the physical world.

The rational faculty of humanity / “false money” / the reality of the physical world: false money stands between us, and the physical world in which we live.

Humans can act effectively to achieve their subsistence when they approach the problems of the physical world through the medium of money, i.e. gold and to a lesser extent, silver.

Humanity today is struggling to maintain and further the industrial and commercial activity of the world that was established when gold was money. To realize that what we have today is total chaos, all we have to do is to read the daily papers. This chaos prevails because humanity is no longer in contact with the realities of the physical world: rational human activity is disconnected from those realities, by the false money i.e. the numbers, which lie between us and the physical world upon which we must act according to reason.

- Source, King World News

Thursday, November 2, 2017

Donna Brazile Breaks the Dam of Silence, Confirms the DNC Primaries Were Rigged Against Bernie Sanders


Many of us suspected and many of us assumed during the 2016 Presidential elections that there was a lot of funny business going on, on both sides. This is typical in our current shambled state of politics around the Western world, where politicians can be bought so easily and cheaply.

Mega Corporations have much more power than people think, and a lot of the times these companies and the elites that control them can alter the laws and change the course of history through massive donations to their candidate of choice, essentially buying a piece of them.

This is known, people know this happens, even if they don't want to admit it, but typically, it is behind the scenes and obscure, never seeing the light of day. What is even less known is the fact that certain families seem to perpetually run candidates and get elected, despite their horrible track records. Their name alone seems to propel them into power, akin to the old noble system of the Feudal era.

But, times have changed since that era and these families have gotten much smarter, better have they become at camouflaging what they are doing and better have they become at distracting the peasant masses. That is until recently.

What we are seeing now, is a mass awakening. For years I have been writing and talking about the reality that we live under, and for years I have been lumped in with tin foil hat conspiracy theorist. Yet, year after year, one after the other, another "conspiracy" is verified as fact and another tin foil hat is thrown in the dust bin.

One such conspiracy that I and countless others talked about last year, surrounded the DNC primary and how it was completely and utterly rigged against Bernie Sanders from the start.

Anyone paying attention could tell that Bernie had the hype, he had the organic movement and he had the support of the mass majority of those that made up the Democratic party. Yet, state after state, Hillary Clinton won and or was simply rewarded the victory due to the DNC's broken nomination system.

This baffled people, and they screamed to the heavens above, frustrated Bernie supporters rallied and protested, they knew they were having a fast one pulled on them, they knew the DNC was working hand in hand with the Clinton campaign and they knew that democracy was being cast aside as their Feudal lord was being placed upon her throne.

Now, we learn the truth, we can take off the tin foil hat and cast it upon the ever growing pile. Donna Brazile, the former intern head of the DNC party during the campaign, who was hoisted into her position after her predecessor was cast out in shame, has come forward, confirming everything we already knew. Bernie didn't stand a chance. It was rigged from the start.

In an exclusive piece she penned for Politico, she breaks it all down;

"I had promised Bernie when I took the helm of the Democratic National Committee after the convention that I would get to the bottom of whether Hillary Clinton’s team had rigged the nomination process, as a cache of emails stolen by Russian hackers and posted online had suggested. I’d had my suspicions from the moment I walked in the door of the DNC a month or so earlier, based on the leaked emails. But who knew if some of them might have been forged? I needed to have solid proof, and so did Bernie."

She continues...

“Wait,” I said. “That victory fund was supposed to be for whoever was the nominee, and the state party races. You’re telling me that Hillary has been controlling it since before she got the nomination?”

Gary said the campaign had to do it or the party would collapse.

“That was the deal that Robby struck with Debbie,” he explained, referring to campaign manager Robby Mook. “It was to sustain the DNC. We sent the party nearly $20 million from September until the convention, and more to prepare for the election.”


She breaks the news to Bernie...

"I had to keep my promise to Bernie. I was in agony as I dialed him. Keeping this secret was against everything that I stood for, all that I valued as a woman and as a public servant.

I told Bernie I had found Hillary’s Joint Fundraising Agreement. I explained that the cancer was that she had exerted this control of the party long before she became its nominee. Had I known this, I never would have accepted the interim chair position, but here we were with only weeks before the election.

Bernie took this stoically."


"When I hung up the call to Bernie, I started to cry, not out of guilt, but out of anger."

As most of you know, I for one was not a fan of Bernie, or his socialist policies, but I was even less of a fan of Hillary and her cronyism. But, what I am a fan of is freedom, liberty and democracy.

I urge everyone to read Donna Brazile's full article here, and think long and hard about the cold hard reality of how far "democracy" in the West has fallen. How have we gotten to this point and how can we bring back the power, to we the people? 

This is a fight worth fighting, keep waking people up, keep informing people and know this, the masses cannot be silenced forever. Eventually, as it always does, the free market and liberty will exert its will and win the day, as it always has and as it always will. The pendulum has begun to swing.

- As First Seen on the Sprott Money Blog

Wednesday, November 1, 2017

Clinton and the DNC Funded the Russia Dossier: There Goes the Russia Narrative!


The MSM and the "Washington Elite" have attempted to defame Trump every step of the way. Since before even taking office, they have fabricated and tried to dig up "dirt" on him and his campaign. This is a modern day witch hunt, mark my words.

Sadly, just did the "Fake News" narrative that the dying legacy media attempted to ram down our throats, their Russian narrative is also blowing up in their faces.

As suspected, it is now proven that Hillary Clinton and the DNC were behind the infamous "Russia Dossier". Surprise, surprise.

- Video Source

Tuesday, October 31, 2017

Is America on a Secret Gold Standard?


Has America been secretly on the gold standard? We ask because as Janet Yellen nears the end of her term as chairman of the Federal Reserve, the value of a one-dollar Federal Reserve note is at 1,269th of an ounce of gold — essentially identical to the 1,262nd of an ounce of gold at which it was valued on the day she acceded to the Fed chairmanship. Is that just a coincidence?

That is the question as President Trump wrestles with whether to nominate Mrs. Yellen to a second term or bring in someone else to chair our central bank. Federal Reserve scrip has roller-coastered somewhat during Mrs. Yellen’s term. It’s plunged below a 1,300th of an ounce of gold and clacked up to close to a thousandth of an ounce of gold. Generally, though, it has stayed within that band.

What a contrast to the drama under Chairman Bernanke. When he acceded to the helm of the Fed, the value of the scrip it calls a dollar was a 568th of an ounce. He soon ran down its value to a 1,900th of an ounce of gold. It recovered somewhat. Yet he bequeathed to his successor scrip that had lost close to 55% of its value. It stands as the second worst record of any Fed chairman.

Mr. Bernanke, of course, would mock the idea that the value of Federal Reserve note — meaning the gold it will fetch — is a measure of his performance. He doesn’t give a fig for what Alexander Hamilton and the Founding Fathers thought. Mrs. Yellen herself, in testimony before Congress, also mocked the idea of a gold standard — or any rule, even one set by the Fed itself.

A voluntary, but transparent, rule set by the Fed itself is what has been proposed by Professor John Taylor, another contender for Mrs. Yellen’s job. All the greater the irony of her record — and the fact that the economic progress recorded under President Obama, meager though it may have been, began once the dollar had hit the band in which it more or less stabilized during Mrs. Yellen’s term.

It is disappointing that this issue has failed to surface during the run up to President Trump’s decision in respect of the next Fed chairman (not to mention appointments to the other governorships open at the central bank). The point is well-marked in Lawrence Kudlow’s latest column. “We don’t really know what dollar policies the Fed candidates favor,” he notes, in a devastating point.

Mrs. Yellen, he adds, “hardly ever mentions the dollar. Nor does Jay Powell, at least not in his few public speeches.” Nor has there been any discussion of the basis on which President Trump is going to make his decision of whether to opt for Governor Powell, a tweedledum to Mrs. Yellen’s tweedledee, or Professor Taylor, who would represent a step in the direction of reform. Or someone else.

The situation couldn’t be more ironical. Chairman Yellen reminds us — and not for the first time — of Lucy and the football. Mrs. Yellen has managed to stabilize the dollar within a broad but perceptible band against the true measure of value, gold. Yet she resists admitting gold, or any rule, into the management of what passes for our money. Wouldn’t it be something were she passed over for a second term only for Congress to discover she’d been eyeing the price of gold all along?

- Source, NY Sun

Monday, October 30, 2017

G. Edward Griffin: Formation of a Cartel on the World's Money Supply


This is the place where it all began; these people needed to come to a place like this where they would not be observed. There was a lot of secrecy involved in the meeting because they were trying to hide their plans to control the banking system of the United States.

Mr. Griffin discusses the room at the resort on Jekyll Island where the Federal Reserve system was first created. It was planned on a privately owned island and club at the turn of the last century. Only the most powerful and politically connected people could come here. People like the Rockefellers, the J.P. Morgan’s and their business associates.

Edward never took much interest in money and banking until he found out about the secrecy involved. He used to believe you could trust your government. When he found out about the secrecy, he wanted to investigate and find out what exactly they were hiding. That’s how he began to write his book back in 1994. His book “The Creature from Jekyll Island” is now in its fifth edition and 41st printing and has been translated into several languages.Edward says the history in the book has turned out to be pretty accurate. It’s reasonably comprehensive, and there have been very few corrections over the years. He’s tried to update the book over the years as new information has come to light.



Friday, October 27, 2017

Catalan Slaps the Government of Spain Across the Face, Officially Declares Independence


That's how fast news on this situation is moving, as I just finished putting "digital ink" to "digital paper", the separatist region of Catalan has declared independence in the face of all the push back they are receiving from Spain, in the face of the veiled threats and potential violence, they have voted to embark down their own path.

Following a vote by the Catalan parliament, speaker Carme Forcadell has the following to say;

“We constitute the Catalan Republic, as an independent and sovereign country, under the rule of law,”.


In addition to this, the Vice President of the now "independent" Catalan region took to twitter and declared this victory for all to see;

"With humility, firmness, courage and courage, we start a historical path! We win the freedom!"

This is amazing news to anyone who believes in free will and liberty, but now, the people of Catalan and it's government need to get ready for the shocks that are about to come their way.

Who knows exactly what is going to happen, but with the amount of egg just thrown in the face of the government in Madrid, I expect a swift enactment of article 155. 

How Spain will use their "legal" powers is yet to be seen, but undoubtedly, the potential risk of extreme violence is now very high. The elites of the world have been called out and this "upstart" government has just slapped them across the faces, justice in their eyes will need to be enacted.

Sympathizers and those who did not want to separate from Spain, within the Catalan region will likely cause massive issues within the new country, including agents, who will be actived to cause intentional, additional unrest.

A heavy police state is going to have to be enacted within Catalan, to keep society functioning in the short term and massive gyrations within their local markets and the markets of Spain is now going to play out.

Fasten your seatbelts and get ready for the ride, its only just begun.

- As first seen on Sprott Money