The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Monday, July 24, 2017

Good news or bad as Rothschild's officially get into the Bitcoin space

On July 23 it was revealed that Rothschild Investment Corporation filed with the SEC their purchasing of $210,000 worth of Bitcoin through the Bitcoin Investment Trust.  This is the first 'official' document that shows the world's largest banker family has gotten into the cryptocurrency sphere, and begs the question to those banking on decentralized money whether this is good news in the long run, or bad news for the sector.

It is always interesting to see new faces pop up in the world of Bitcoin and cryptocurrency. In most cases, these are individuals looking to diversify their existing portfolio. However, a SEC document shows the Rothschild family has bought close to US$210,000 worth of Bitcoin recently. Although this is only a small amount, they purchased it through the Bitcoin Investment Trust. An interesting turn of events, to say the least. 
Very few people expect families such as the Rothschilds to pay attention to Bitcoin. After all, they are the biggest family in the banking sector today. There would be no incentive for them to pay attention to a banking competitor by any means. Let alone see them buy Bitcoin for an unknown reason. Interestingly enough, that is exactly what happened. 
A report on the SEC website confirms this purchase, which is rather significant.
More specifically, the document is filed by Rothschild Investment Corp. In this report, Bradley C. Drake, Executive VP of the company, confirms the company has purchased US$210, 000 worth of Bitcoin through GBTC. Over the past few years, we have seen how the Bitcoin Investment Trust continues to make media headlines. Now that the group is on the radar of the Rothschild family, things will get a lot more interesting. The amount is rather small, though, which leaves a lot of room for speculation. - Live Bitcoin News
Obviously no one really knows if this purchase by Rothschild is just a speculative investment as the price is expected to move higher as global currencies shift away from the dollar, or if there is some other scheme in place since the banking cartel relies heavily upon the control of debt based sovereign currencies to siphon wealth away from the masses.  Either way, one could say that Bitcoin has now hit the mainstream with the entry of the Rothschilds into the game, and for holders of the cryptocurrency looking for higher prices this in the short-term appears to be a very good sign.

Turkey joins with Russia's alliance of energy countries ramping up their gold purchases

A week ago we wrote about Sberbank's inclusion onto the Shanghai Gold Exchange as it appears more and more that the Eurasian energy power is preparing with China for an eventual gold backed trade system that could potentially run on a blockchain platform.  And in addition to this, Russia has also been increasing their purchases of physical gold on the open market to the point where they are now 'officially' the 6th largest holder of gold in the world.

As the movement towards transitioning energy sales away from the petrodollar and into gold or a form of cryptocurrency backed by gold continues to take shape, more and more nations such as Belarus, Kazakhstan, Kyrgyzstan, and now Turkey are also buying large quantities of gold in preparation for this paradigm shift, and a change in the balance of power.

What caught our attention (besides obviously the ‘Russian Alliance’ –consisting of Russia, Belarus and Kazakhstan – buying more gold), was the behaviour of Turkey. Not only are the Turks buying more gold at a substantially more aggressive pace than the Russians adding 950,000 ounces of the yellow metal in just three months, the purchases are also much more meaningful when you look at the bigger picture. 
In just three months, Turkey has increased its gold reserves by in excess of 7% and that’s a really substantial step for a relatively small country. What makes it even more interesting is the fact Turkey was a huge net seller in 2016 as it sold in excess of 3 million ounces of gold between June and December before increasing its position again (at a rather aggressive pace). - Zerohedge

Saturday, July 22, 2017

The Daily Economist update for 22 July 2017 - Bitcoin crisis averted and ready to move higher

Capitulation may have finally hit gold and silver markets as prices rising at time of near record short positions

With gold prices rising $24 to close at $1254 for the week, an interesting trend appears to be forming which forecasts that traders may have finally reached the point of capitulation, and where prices should be ready to go much higher.

This capitulation is often derived from when a market has mostly sellers, and the sentiment for the asset class is primarily negative.

The gold futures and silver futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies. - Seeking Alpha

Friday, July 21, 2017

Gold price moves back over $1250 and at highest level in a month as dollar falls below 94 on the index

On July 21 gold prices moved above $1250 for the first time in a month, and have recovered over $40 from their recent declines over the past three weeks.  And while gold appears to be in a definite upward trend since it crossed over its 200 day moving average earlier this week, the dollar continues to fall as it now has broken below 94 on the dollar index.

Gold Chart:

Dollar Chart:

On Friday, gold breached thresholds that market technicians tend to view as indicating a bullish trend is under way. Notably, gold prices are trading above their 100- and 50-day moving averages, both around $1,250, as a broad measure of the U.S. unit, the ICE U.S. Dollar Index DXY, -0.33% which compares the buck against a half-dozen other currencies, traded about 1.7% lower month to date. On Friday it was down 0.3%, with the euro EURUSD, +0.3955% which represents the biggest weighting in the ICE dollar gauge, up 0.2% versus the greenback. 
“The dollar has been under serious assault, which has pushed the price of gold higher,” said Naeem Aslam, chief market analyst at ThinkMarkets UK. “As long as the dollar bleeds, we do think that the gold price would continue to move higher and could touch the level of $1,300.” - Marketwatch

Thursday, July 20, 2017

More information revealed about Andrew Maguire's call for a 250 ton gold purchase and a new gold backed cryptocurrency

More than a month ago, well known metals analyst and industry whistleblower Andrew Maguire dropped a bombshell during an interview with King World News that an entity was going to come into the gold market seeking to purchase 250 tons of metal in one fell swoop.  Later discussions and interviews seemed to assert that this buying would be done by one or more sovereign governments, but on July 20, there appears to be a secondary outlet tied to Maguire's information that is requiring massive amounts of physical gold and silver to facilitate the creation of a new metals backed cryptocurrency.

We have been following the somewhat cryptic comments that London metals trader Andrew Maguire has made about an event coming in the gold market that he suggests will be significant. We submitted a brief written set of questions to his representative to get more details, but have not heard back yet. We believe Mr. Maguire has probably been traveling and working on activities related to the launch of the new product he has hinted at. If he does get time to reply, we will publish his answers to the questions. 
Meanwhile, we did a little sleuthing and actually have found quite a bit of information about this new gold backed cryptocurrency. David Gibson of confirmed by email that this is the new product Andrew was talking about. It will be called Bullioncoin. Here is quite a bit more detail about it. Below are some key bullet points from the web site on how it will work and then a few added comments. 
The following is a simple overview of the whole BCX and BullionCoin process: 
1.Primary market participants buy physical precious metals at the wholesale contract rates & hold Title of Ownership to it 
2.  Those participants then authorise for BullionCoins to be created/minted against their precious metals 
3.  Minting / creating BullionCoins is just a process of digitisation of the Title of Ownership to that metal 
4.  Primary market participants then sell those digital coins into the secondary (retail) market 
5.  That sale, is the selling of the Title of Ownership from the primary market participant to multiple retail investors 
6.  The digital coins that those investors now hold, act as an electronic Bearer’s Title to the physical gold & silver that’s backing it 
7.  Coin holders can use them in transactions and trades, in the same way that you use fiat currency 
8.  As the coins are electronic Bearer’s Titles to the physical precious metals backing them, investors holding those coins can then redeem them at any time in exchange for the equivalent quantity of physical gold & silver that those coins represent

My added comments: Now that we see how this new gold backed cryptocurrency product will work, a question in my mind was if the 250 tons of gold buy orders that Andrew Maguire has talked about recently might tie in to the launch for this new product. I am advised by David Gibson of GoldVu (see email exchanges below) that the two events are likely separate and that as far as he (David Gibson) knows the 250 tons of sovereign gold buy order does not relate to the launch of the new gold backed cryptocurrency – only Andrew can confirm that. 
This is an interesting new product. It appears to actually combine block chain technology with a new cryptocurrency coin 100% backed by physical gold and silver. The gold Bullioncoin will be equivalent to one gram of gold while the silver Bullioncoin will be equivalent to 50 grams of silver. (note: 1 troy ounce = 31.1 grams) – Larry White via Silver Doctors

The gold versus Bitcoin debate is really about obsession rather than fundamentals

With Bitcoin and many other cryptocurrencies seemingly draining potential monies that would have in the past gone into gold and silver, there has been a raging debate among the alternative media sphere over which is better, and even over which is more relevant following the advent of the Blockchain.

In fact, there has been a very recent back and forth between silver advocate Chris Duane regarding his beliefs that Bitcoin as not a viable currency or store of wealth for the future, and Bix Weir, who claims in his refutation to this that Duane lost his clients and subscribers 'billions' by not giving them the 'facts' on the cryptocurrencies.

Yet with all the rhetoric, and the 'red lines' being drawn among both sides of the gold/silver vs. Bitcoin debate, what are the facts?  And more importantly, what do each separate asset provide savers and investors in their portfolios?

Gold and silver have been a proven and accepted store of wealth for thousands of years, and at certain times in history both have been used and accepted as money.  Bitcoin, Ethereum, and the myriad of cryptocurrencies on the other hand have a track record going back just eight years in human history, and according to how they are both seen and traded in the market place, do not at this time function as either a currency or as a store of wealth.

Now to be absolutely fair here, cryptocurrencies do act as a medium of exchange, but not in the same way currencies such as the dollar, euro, and yen do.  Instead they function as a medium of exchange similar to the way U.S. Treasuries do, which as AAA rated instruments, are as 'good as dollars' but must go through a third party conduit to function as a medium of exchange.

Ie... when XXX retailer in the U.S. buys manufactured goods from a company in China, they send over Treasuries rather than pallets of dollar bills.

It is the same way with Bitcoin for the most part.  When someone wants to use Bitcoin to pay for a product or service at Target for example, they cannot simply send an amount from their Bitcoin wallet to the cashier of the retailer, but instead must fund an exchange or card service that does the conversions for them from Bitcoin to dollars, and then use those conduits to pay for whatever item they want to purchase.

Additionally, when you go into a store like Target they do not have their items priced in both dollars and Bitcoin, so the reality is the business isn't really accepting Bitcoin as payment, but only dollars as payment with the third party conduit converting one's Bitcoin to dollars.
"Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment. These include Dell, Reddit, Expedia, PayPal, and most recently, Microsoft. So for the uninitiated who have not yet grasped what Bitcoin and other cryptocurrencies are, you ought to catch up." 
In other words, Hey haterslook at all these huge companies that are accepting bitcoin! How can you ignore that kind of support? 
Well, there's just one problem there: Almost none of the businesses mentioned above technically accept bitcoin. Instead, they partner with a middleman—generally either Coinbase or BitPay—who takes a customer's bitcoin, immediately converts it into cash, and then deposits the cash in the company's bank account. 
In other words, DellExpedia, Microsoft, and Time, Inc. don't actually "accept" bitcoins, per se. They accept U.S. dollars. It's their bitcoin processing partners who accept bitcoin. They, in turn, make money on transaction fees (in the case of Coinbase), or by selling their software and services as a subscription (in the case of BitPay). – Time Magazine
So what exactly does Bitcoin and other cryptocurrencies function as in the economy and in the market?  According to several Wall Street analysts who are now researching and monitoring the crypto sphere for their clients and brokerage houses, they have labelled Bitcoin as a speculative investment, but also something that has the power through the Blockchain to one day soon replace the entire financial structure of how businesses are financed, and how equities may be traded on Blockchain exchanges instead of in antiquated 'stock markets'.

In the end, Bitcoin and other cryptocurrencies have the potential to do many things in the financial system that gold and silver cannot do.  However, at this point in time these cryptos also do not perform in the same capacity that gold and silver do as wealth protection, and as a true representation of money.  So the bottom line is to treat each as they are rather than as we might want them to be, and invest accordingly in each in relation to the risks and attributes that are intrinsically tied to these individually unique asset classes.

Wednesday, July 19, 2017

New DOJ directive overrides state law to allow the police to seize property under civil forfeiture from anyone they see fit

The ideological 'War on Drugs' and 'War on Terror' have led to some of the most draconian violations of Constitutional rights since President Lincoln removed the right of Habeas Corpus during the Civil War, and President Wilson took over the country using the Overman Act in 1918.  And notwithstanding the introduction of a near total surveillance state through the Patriot Act, and the ability to arrest and detain anyone without due process via the NDAA, perhaps one of the more egregious violations of America's civil liberties is in the government's authority to be able to seize property without due process under what is known as Civil Forfeiture.

Civil Forfeiture is a law which allows both Federal and local officials to seize property simply on their suspicion of being tied to a crime, even if there is never any investigation, charge, indictment, or conviction.  And while civil forfeiture has up until now been primarily bound by a given state's choice to use its authority or not, on July 19 the Department of Justice (DOJ) issued a policy letter which allows law enforcement officials at all levels of the country to use civil forfeiture laws as they see fit, no matter if a state has the law currently on their books or not.

At every turn, “we the people” are getting swindled, cheated, conned, robbed, raided, pickpocketed, mugged, deceived, defrauded, double-crossed and fleeced by governmental and corporate shareholders of the American police state out to make a profit at taxpayer expense. 
President Trump has made it clear his loyalties lie with the police, Attorney General Jeff Sessions has previously declared his love for civil asset forfeiture, the Supreme Court keeps marching in lockstep with the police state, and the police unions don’t want their gravy train to go away, so there’s not much hope for federal reform anytime soon. As always, change will have to begin locally and move upwards. 
Some state legislatures (Florida, Michigan, Nebraska, New Mexico, and Ohio) are beginning to push back against these clearly unconstitutional asset forfeiture schemes. As the National Review reports, “New Mexico now requires a criminal conviction before law enforcement can seize property, while police in Florida must prove “beyond reasonable doubt” that property is linked to a crime before it’s seized.” 
And it is that pushback that has seemingly pushed the federal government to 'fix' the situation. As Reuters reports, the U.S. Justice Department announced on Wednesday that the federal government will reinstate a program that helps local and state law enforcement seize cash and other assets they suspect have been earned from crimes. 
Local police will now be able to seize cash, often from those suspected of drug crimes, even in states that do not condone the policy. 
Deputy Attorney General Rod Rosenstein told reporters that most seizures were warranted because the "vast majority" of people who have property taken by police do not contest it in court. 
"This is going to enable us to work with local police and our prosecutors to ensure that when assets are lawfully seized they are not returned to criminals," said Rosenstein at a media briefing at the Justice Department. 
The Obama administration had rolled back the policy in 2015, saying it incentivized police to take money from people who had committed crimes. 
Since former U.S. Attorney General Eric Holder weighed in on the issue in 2015, Justice Department agencies like the Drug Enforcement Administration has been barred from rewarding local police for taking possessions from people they stop. 
Now, the federal government will again be able to return up to 80 percent of the assets seized to local law enforcement. 
Rosenstein said the 2015 policy had a chilling effect on seizures by local law enforcement. 
Many states have civil asset forfeiture laws that allow the state government to redistribute money seized for programs like education. But the federal program returns cash directly to the police department that took the asset, allowing them to buy new equipment or as drug sniffing dogs. 
The Justice Department under President Donald Trump has made efforts to improve relationships with local and state law enforcement, which they viewed as damaged under the Obama administration. Rosenstein said that the president had heard from police who were concerned about the 2015 policy, but the administration was not acting to score political points with police unions that supported Trump's campaign. 
"This is not an effort to appease any particular constituency. It is an effort to empower law enforcement," Rosenstein said. 
The Police State's tentacles just reached a little further into your 'pocketbook' as what has become known as “policing for profit,” goes nationwide.. by federal law! 
DoJ's Full new asset forfeiture policy letter below (confirming police can sezie proeprty from people not charged with crimes even in states where it is banned)... - Zerohedge

The Daily Economist update for July 19 2017 - Petrodollar replacement platform now set

Sentiment among Wall Street analysts changing on gold as calls for a return in price to 2006 highs back on board

Even with another naked short contract dump/flash crash on July 19 by a bank, HFT Algo, or other source, it has not dissuaded gold's recent climbs back over its 200 day moving average of $1240.  And with the Fed suddenly shifting their rhetoric to a more Dovish direction regarding interest rates, sentiment among Wall Street analysts like Goldman Sachs are forecasting a return in gold prices to the highs we saw back in 2016.

The setup here is looking a lot like USDJPY. It tested/held two equality targets from the April/June at 1,215-1,205. This implies that the pullback was in fact corrective/not impulsive. Daily oscillators have diverged positively from the bottom of their recent range. The break above 1,236 further confirms that the market is now rising in an impulsive (and has room to continue). The next level to focus on is 1,249 (1.618 off the July low/ 100-dma). As long as pullbacks avoid overlap with the Jul. 12th high at 1,226, the underlying bias should remain in favor of higher levels. It’s also worth considering the notion that Gold may be in the (C) leg of an (ABC) pattern which began in Dec. ’16. If that’s the correct interpretation, the next leg higher could eventually continue up towards 1,378. How price action develops at ~1,296 (double highs from April/June) will likely be critical. 
Break of 1,236 opens an initial target at 1,249. Target/watch how price develops at 1,296. - Zerohedge