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?

Friday, May 29, 2015

Got Karatbars? Gold prices could go over $60,000 per ounce if China backs currency with metal

There were two significant events coming out of Asia this week that will in all likelihood have extreme consequences for the price of gold going forward.  On May 27, China announced that they are setting up a new gold fund to facilitate new projects along the Belt and Road, or 'Silk Road' trade route that are tied to developing mining interests for nation's along this trade corridor.

On the same day, metal's analyst Bill Holter confirmed a story that came from Bloomberg which forecasted that should China decide to back their currency with gold, then the price of the metal would have to increase 50 times to be able to cover the enormous money supply that they, and the rest of the world, have printed over the past decade.

China has launched a fund that is expected to raise around $16 billion for gold-related investments, including developing gold mining projects, as part of the "Belt and Road Initiative".
The fund, expected to raise the target amount in three phrases, will be managed by Xi'an Silk Road Fund Management, a joint venture led by two large gold producers Shandong Gold Group and Shaanxi Gold Group, according to Shanghai Securities News. - China Daily

And here is the interview with Bill Holter on the price of gold to back the Chinese currency.





As we have mentioned numerous times before here at The Daily Economist, the world is rushing headlong back to a gold standard, with the U.S. being the primary opposition since it would mean an end to their petro-dollar reserve currency.  But the world no longer needs a Bretton Woods moment to transact in a new global reserve, and when China finally does announce a gold backed currency, or gold backed trade note along the new Silk Road corridor, the more than 50% of the population will no longer be using the dollar for any form of trade, and that critical mass will make gold the new reserve by de facto choice.

So if gold is headed towards the new standard, how can you protect your wealth and prepare for the future?  The answer lies in Karatbars.  A business model that not only allows you and anyone you contact to purchase gold in affordable increments, but in Karatbars you can also earn money and commissions by simply recruiting others to purchase gold from the company.

The answer lies in Karatbars.



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars




How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars you can contact the Finance Examiner at theprofessor@cox.net, or create your own account free account with Karatbars as either a customer, or an affiliate (business builder), by clicking the link below, and filling out the one page document.


https://www.karatbars.com/signup.php?s=argonath

Revisions to Q1 GDP show U.S. in negative growth as number falls to -.7%

When the initial GDP growth numbers came out at the end of April, the U.S. had achieved a barely positive result of just .2% for the first quarter of 2015.  But on May 29, the final revisions were announced and the market’s worst nightmare unfolded as revised GDP for Q1 was actually negative, and fell to -.7%.
Two consecutive quarters of negative growth are the determining factor for a recession, and with corporate revenues falling, and declines in consumer spending being the catalysts for the revised growth numbers, the probability that the U.S. is already in a slump is extremely likely, considering that the largest spending component over the past six months has been in the arena of healthcare premiums.
 

Bloomberg confirms Jim Sinclair’s $50000 gold prediction if China backs currency with metals

A few years ago, the well respected precious metal analyst Jim Sinclair issued a prediction that the price of gold could be valued as high as $50,000 per ounce should the markets be let loose and free to find true price discovery.  On May 27, that prediction was suddenly confirmed by Bloomberg who determined that if China were to back their currency with gold, the price would need to be valued 50 times higher than the current paper spot price set each day by the Comex and London.
In fact, if the current spot price of $1192 per ounce were increased by a factor of 50, the price of gold would not just be $50,000, but would be much higher and reside at around $60,000 per ounce in U.S. dollars and thus be able to facilitate China’s use of the metal for a gold backed currency.
 

Clinton’s up the ante and move into arms dealing for foundation contributions

Back when Bill Clinton was Governor of Arkansas, there was plenty of evidence to show that he used his office to aid in the drug trade through a local airport in Mena, Arkansas.  This of course became a modus operandi for the Clinton cabal as Bill then used his position as President of the United States to trade technology for donations with Chinese companies and the Chinese government.
So it should come as no surprise that fraud and corruption does not fall far from the tree as a new investigative report alleges that Hillary Clinton used her position as Secretary of State to facilitate arms contracts to countries that provided tens of millions of dollars to her slush fund which is also known as the Clinton Foundation.
 

China on the edge of becoming full fledged trade currency with IMF acceptance, meaning potential end to the dollar

Over the past three years the Chinese Yuan (RMB) has grown as a global trade currency from a starting point of around 3%, to its current level of over 12%.  And with 60 central banks around the world investing in the Yuan, and 30 nations having direct currency swap lines for the RMB, China is right on the cusp of exploding into a full fledged trade currency to not only compete with the dollar, but to summarily end its reign as the global reserve.
In fact, China is so close to achieving this goal that America’s reign over the reserve currency may hinge on the IMF’s upcoming decision to allow the Yuan to be part of its SDR basket, which would facilitate the spreading of Yuan based bonds to all corners of the financial system.  And if this happens, the majority of global trade partners, especially those in Asia and Eurasia, are prepared to completely divest themselves from the dollar and begin a new environment of direct bi-lateral trade using no middleman at all.
 

New Supreme Court ruling on pensions could pave way for government to take them over

In a new and what appeared on the surface to be a fairly innocuous Supreme Court ruling last week, the high court determined that employers do have the right and responsibility for ensuring company based 401K plans are managed well, do not have inordinate fees, and perform profitably.  However, within this decision regarding Tibble v. Edison International, the Court also added a bombshell that could lead to the eventual ending of state sponsored retirement benefits, or even the confiscation of your funds at the national level.
 

Sunday, May 24, 2015

Karatbars: China creates new physical gold fund to prepare for eventual gold backed trade note

Since 1971, and the removal of the U.S. dollar from the gold standard, Americans in general have been programmed to believe that gold and silver are nothing more than collectibles and as one famous economist once said, 'A barbarous relic'.

But the fact of the matter is, those with wealth have always known the value of monetary metals, from 1930's Germany on, have even used war to steal or confiscate gold from other nations.

And with China already declaring in no uncertain terms that gold will play a key role in the future global trade currency, getting yourself out of fiat paper money and into one of these monetary metals is not just prudent, but vital.

And it is exactly what the banks and the elite and doing right now.

Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade

The last time large speculators were as aggressively buying silver as last week was September 1997. The net long non-commercial positioning in Silver futures, according to the CFTC rose almost 22,000 contracts last week to a 3-month high (which is closing in on the 'longest' since 2005). Gold, not be out-precious'd also saw major buying. Net speculative longs in gold added over 45,000 contracts - the most since July 2005 - lifting net long positions to their highest in 3 months. Perhaps, just perhaps, as Alhambra's Jeffrey Snider notes, this is due to Yellen putting the 'dollar' back on suicide watch.

Large speculators have also increased their net long gold exposure to $14.8bn from $9.2bn notional.

 
 




In light of such developments, it is little wonder there has been increasing chatter in recent months that Russia and China are setting the stage for a gold-backed currency, in preparation for the day the Dollar reserve hegemony finally ends (a hegemony whose demise is accelerating with every incremental physical gold repatriation such as those of Germany, the  Netherlands, and now Austria).
 
And now, Exhibit B: overnight Xinhua also reported that a gold sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend. (read more about the "New Silk Road" which could change global economics forever here). The fund, led by Shanghai Gold Exchange (SGE), is expected to raise an estimated 100 billion yuan (16.1 billion U.S. Dollars) in three phases. The amount of capital allocated to nothing but physical gold purchases (without plans for financial paper intermediation a la western ETFs) will be the largest in the world.
 
The billions of dollars in allocated funding will come from roughly 60 countries that have invested in the fund, which will in turn facilitate gold purchase for the central banks of member states to increase their holdings of the precious metal, according to the SGE.
 
So with the world rushing headlong towards a re-pricing of currencies against gold and not the dollar, how can you protect your wealth when all your investments are tied to the U.S. currency, and are as only as good as the paper they're printed on?
 
The answer lies in Karatbars.


Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars




How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars you can contact the Finance Examiner at theprofessor@cox.net, or create your own account free account with Karatbars as either a customer, or an affiliate (business builder), by clicking the link below, and filling out the one page document.


https://www.karatbars.com/signup.php?s=argonath

Can you still trust banks when the FDIC has less reserves to cover depositor losses than in 2008

We have already had examples of bank bail-ins.  We have had not just the United States, but all members of the G20 enact a resolution mandating legislation to allow for bank bail-ins, and the confiscation of customer deposits.  We have had the United States under Dodd-Frank declare your deposits as unsecured creditors, and at the lowest end of the scale for reimbursement in the advent of a bank collapse.
We have had financial institutions such as J.P. Morgan and Bank of America con Congress into allowing their derivative assets to be placed under the FDIC as a primary creditor, and according to the agencies own 2014 annual report, the deposit insurance corporation has even less reserves to support account holders in the advent of a bank failure today.
So why do we still trust banks with all this evidence showing that during the next banking or financial crisis, Americans will lose most or all their money?

Elites work is nearly done as wealth inequality now reaches new all-time record

Just as the Patriot Act has done little to stop terrorism within the United States, so too has Dodd-Frank and bank bailouts not righted the ship following the 2008 credit crisis.  But in each of these laws is the underlying truth that they have accomplished exactly what Congress intended them to do, and that is to put the screws on the rights and liberties of the American people.
For the Patriot Act, we now have 100% total surveillance without a court order, and the creation of a government agency (DHS) that labels honest Americans, not Islamic militants, as the number one threat to the country.
And with Dodd-Frank and the Fed’s use of Quantitative Easing (QE), the elites work in the financial real is nearly complete as a new report out shows that the disparity and wealth inequality between the 1% and the rest of America is now at the highest level in history.
Greater than during the Roaring 20’s, and the Gilded Age.
 

We are now once again at the peak of the new housing bubble

The bursting of the Housing Bubble in 2007 that signaled the lead-in to the overall stock market collapse and credit crisis was quantified by two key technical points.  First, home prices were far above their actual values, with bidding wars causing prices to escalate for even the most run down shack.  And second, a large portion of home buyers near the end were sub-prime mortgage borrowers who couldn’t afford the monthly payments once the economy collapsed, and job losses escalated during the recession.
So using these two parameters, it is fair to say that the Fed’s mission of re-inflating the housing market has been a success, and any artificially stimulated bubble has only one sure outcome.
To burst.
 

Is your bank account safe? Cyber-hacking on financial institutions increasing in 2015

On May 20 it was confirmed that cyber-hackers had broken into one of the district banks of the Federal Reserve, validating what many experts predicted will be a massive increase to state sponsored and rogue lone wolf electronic break-ins of banks and businesses in 2015.
The St. Louis Federal Reserve website was hacked in April, causing a large portion of website traffic to be re-routed to a spoofed site and potentially placing clients at risk to malware infiltration which could lead to secure data on their own systems being compromised.
 

U.S. territory Puerto Rico on verge of bankruptcy as home to the I.R.S. close to bond default

As the mainstream media continues to parrot the faux economic recovery, one important territory within the United States has been absent in the Fed’s artificial growth explosion.  And while Puerto Rico does not figure into the nation’s unemployment and GDP growth numbers, the island protectorate does contain one of the most lucrative government facilities, which of course is the I.R.S.
However, even the private corporation that was setup to backstop the Federal Reserve appears unable to aid in the inevitable default that awaits Puerto Rico, as a coming bond payment due by July 1st threatens to bankrupt the island and perhaps even trigger a cascade of derivatives that are tied to every security in the global economy.
 

Monday, May 18, 2015

Gold and Karatbars: Bank insolvencies in Europe are behind the global move to get rid of cash

The famed economist Martin Armstrong wrote a piece on May 18 regarding the near instantaneous rush from banks, governments, and even university professors to remove the use of cash from the financial and monetary systems.  And while those on the side of eliminating cash in the economy are saying it is to aid central banks in controlling monetary policy, the real reason the public is being placed on the chopping block once again is due to the very same reasons for the taxpayer bailouts of 2008.

The banks are insolvent, and they don't want to have to pay for their failed risks and speculations.
Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. However, the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 – the elimination of cash. We are even starting to see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going, and it may be the major event that erupts after 2015.75. - Armstrong economics

This assessment, which has been affirmed by numerous sources now over the past month, leaves people with a limited amount of options.  Either they can trust the banks to remain solvent, and rely upon electronic based monetary instruments (credit cards, debit cards) to be available.  They can take all their money out of the bank, which of course would cause an instant panic and hasten their bankruptcies while forcing governments to intercede.  Or they can move their cash into a hard but liquid asset, which is not only recognized by every country in the world, but is fungible enough to be transferable into any currency at a moments notice.



The best facility to accomplish the latter is through accompany called Karatbars.  As a customer or affiliate with Karatbars, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.



How to make a six figure income using Karatbars in just 7 weeks.



How to make money in both the Dual and Uni-level systems of Karatbars

The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars you can contact the Finance Examiner at theprofessor@cox.net, or sign up with Karatbars for free as a customer or affiliate (business builder) by clicking the link below, and filling out the one page document.


https://www.karatbars.com/signup.php?s=argonath

German economists jump on the ‘end of cash’ bandwagon

They say that when something occurs a single time it is a coincidence. Then if it happens a second time it is a pattern.  But if the same event or philosophy occurs, or is promoted by numerous sources and from several different locations, then that thing has expanded fully into a trend.
The war against cash, and in particular, the call to end the use of cash, has now emerged into a full fledged trend, and one that appears to be propagated by the very banking system that was originally built to service the use of cash, money, and legal tender.  The question of course to ask is why would financial institutions, a university professor, and now, a think tank economist all call for an end of the use of physical cash?
The answer lies in a conclusion none in the financial system want to accept, with their response instead to seek a solution that would impose draconian restrictions on the freedoms of all people in their right to choose how they spend or save their money.
 

Europe looks East by hiring better educated Chinese workers to get foothold in future economy

It is pretty much a given that the American empire had peaked in the 20th century and is on the steep path of decline.  While at the same time, China is rising in ascension towards becoming the next leader of the global economy.  Yet besides the shocking move by most European countries in joining the Asian Infrastructure Investment Bank (AIIB) in April, it appears another shift is taking place, and lays bare just how rotten America’s education system has become.
In the West, it is often found that companies use former military officers and politicians as their key to getting government contracts and beneficial legislation to profit and grow in their core businesses.  But what is now showing up in China, as the Far Eastern economic power sends its financial tentacles to every continent, is that companies, especially in places like France and the EU, are hiring engineers and top talent from China as not only a means to get connections with Beijing, but to also find extraordinary workers that no longer come out of Western universities.
 

Thursday, May 14, 2015

Karatbars: The only home business where you earn money from buying money

Network marketing or affiliate marketing is an industry that has not only shaped American small business for the past 100 years, but it has evolved exponentially with the advent of the internet.  In fact, from the days of Avon, Tupperware, and Amway, where people had to go door to door, or throw parties to sell their products, today's home businesses require limited or no product warehousing, and can be accomplished from a keyboard with only a small amount of capital to get started.



Most network of affiliate marketing companies are engineered to sell consumer products such as essential oils, health care supplements, and even second hand goods if you are an affiliate marketer with a company like Amazon.  But what if there was a business that you could own that provided a solution in the realm of finance and investment, and offered customers and entrepreneurs a way to achieve a nearly zero loss investment in the products they purchase?  By this I mean, what if what they bought each week, month, quarter was worth the same or more at the end of the month, unlike an empty shampoo bottle or an empty container of weight loss powder?

Imagine a company that you could earn money by recruiting customers and business builders to use their fiat paper currency to buy MONEY!  Real money, and both you and they could earn money for teaching other people how to buy money.

A true Zero sum loss investment.

That is exactly what you have with Karatbars.  A company that allows people to become business owners, but unlike most other network marketing company out there, only Karatbars provides incentives that go far beyond the simply buying of a product that retains its value since it is real money, recognized in every country around the world.

With Karatbars you can earn commissions, both from recruiting others to become business builders themselves or by having them sign up as a customer and purchase gold as an investment, savings, or retirement plan.  In addition, Karatbars goes beyond simply selling members a product, as they also create for you a free e-wallet, that works just like an international offshore bank account, and a pre-loadable debit MasterCard that can be used in any currency, and in any country that accepts this world famous financial instrument.

On top of this, Karatbars protects you, your affiliates, and your customers from the restrictions and pitfalls of geo-politics, which as we saw in the United States during the 1930's, led to a gold confiscation and restriction of ownership by the people for about 40 years.  This is done by Karatbars giving you the option of either having your gold delivered directly to you, or stored for free in their vaults, and the accessibility to have it shipped to you at any time.

And if you need to liquidate your money (gold) for another form of money (dollars), then that is an option as well and can be done with just a few clicks from your mouse in your e-wallet and free account.

Karatbars is free to signup with, but unlike most other network or affiliate marketing companies, does not require a monthly purchase to remain in good standing.  However, the whole goal of protecting your wealth and savings is to move it out of paper (dollars) and into a hard asset (gold), and you always have the power over what you choose to spend, purchase, and accumulate.

There are also 7 ways to make money in Karatbars, and several options to choose from.  And even if you are not a natural salesman, if you can find two... just two people interested in owning their own business and doing the same thing as you are, then that will be enough to grow your business to the point where you can easily make six figures per year sitting in the confines of your own home.


(An example of just 1 of the 7 ways you can earn money with Karatbars)

As with all businesses, there are always initial costs to build it.  But how many businesses can earn you weekly commissions of $4259 simply buy using money to purchase money, and showing others how they can do the same thing?  And with purchasing a silver commission package from the example above, and by investing approximately $325-400... (the cost of taking a family to see a single professional football game), you could easily earn that seed money back in an incredibly short amount of time, and from then on, every bit of earnings, as well as your own gold purchases, could come strictly from your future commissions.

To find out more about Karatbars, and to sign up with a free account as a customer (gold buyer), or an affiliate (business builder and gold buyer), click on the link below.

https://www.karatbars.com/signup.php?s=argonath

And by signing up here, you will never be left without support.  Just ask many of the people who live on the island of Aruba as one example, where 10.5% of the entire population is either a customer, or affiliate business owner in Karatbars.

*Karatbars was opened in 2011, and is in over 75 countries throughout the world.*

Americans repatriating and renouncing citizenship continues at record levels in 2015

In 2014, a record number of Americans renounced their citizenship with an even greater number repatriating to live outside the United States.  And this number is not slowing down as through the first quarter of 2015, a record 1335 Americans have discharged their allegiance to the U.S., which at current levels, would make 2015 an even greater year than last by more than 50%.
A record number of Americans gave up their US citizenship in the first quarter of 2015, according to IRS data. This is blamed on the taxation of income earned outside the US, along with laws expanding offshore bank account and asset reporting.
A total of 1,335 people renounced US citizenship during the first three months of the year, topping the previous record by 18 percent, according to data compiled by Bloomberg.
The new figure puts 2015 on track to exceed last year’s 3,415 renunciations, which is an all-time record. – Russia Today
 
 

Greece: Ditch the EU and they can now join the BRICS

As Greece mulls over the results from their most recent debt meeting with the Troika, theIMF announced that they already have plans in place for when Greece inevitably defaults.  However, with the groups taking a pause after another weekend of financial stalemate, a shocking bit of news appeared on May 11 that not only added fuel to the fire, but placed the European Union back on its heels.
Because that explosive news today that dropped on the wire involves Russia offering Greece a chance to join the current five nation BRICS alliance, and makes a Greek exit all the more enticing since they will instantly move into a more economically progressive and stable financial union.
 

Friday, May 8, 2015

With China about to challenge London for gold price discovery, there has never been a better time to own Karatbars

One of the biggest obstacles in getting people to recognize the value and potential of gold is that both our currency, and our markets, have discounted the precious metal for the past 40 years.  And with the U.S. Comex and London fix ensuring that the spot paper price remains beaten down to protect their derivatives market, gold is seen as a random gamble in any retirement portfolio, or as a worthy investment.

However, gold has never changed its status as a monetary metal despite the fact that Western central banks have used great leverage to make people believe it is little more than a barbaric relic.  And in a move that is sure to change the entire metals playing field, and make gold the best growing asset in the world, China completed their testing of a new price discovery mechanism at the Shanghai Gold Exchange on May 6, and are preparing to challenge, re-price, and perhaps even take over the global means of price discovery within a very short amount of time... perhaps even by the end of the month.

China conducted trial runs for the planned launch of a yuan-denominated gold fix last month, three sources familiar with the matter said, in a sign the world's second-biggest bullion consumer was moving closer to creating a benchmark price.
The state-run Shanghai Gold Exchange (SGE), on whose international platform the fix will be launched, conducted the trial with major Chinese banks and a few foreign banks, the sources said this week…
China plans to launch a yuan gold fix this year through trading of a 1 kg contract on the SGE, Reuters reported in February.
"The launch of the fix is towards the end of the year ... Banks were invited in April to test the fixing process," said one of the sources directly involved in the process.
The SGE will act as the central counterparty, unlike the London fix where the bullion banks settle trades amongst themselves, the source said.
If the Chinese fix becomes a success, it could add to the pressure on the London benchmark, which is used worldwide by producers, refiners and central banks to price holdings and contracts, although the two could exist side-by-side. - Zerohedge
 
What this means for you as an investor is that the potential for Western manipulation of gold and silver could be settled and done with over the next few months.  China has painstakingly worked to accumulate as much physical gold as they possibly could over the past five years, and believe that Western central banks, including the Federal Reserve and ECB, have little left to counter the Shanghai Gold Exchange by arbitraging gold through the respective price differentials.
 
And if China wins out on wresting price discovery from the Comex and from London, they will instantly raise the price to between $3000 - 4000 overnight, and more than double what the current spot price is held at.
 
Gold will become the foundation of the next global monetary system, and the intention for the global currency reset is to tie all currencies back to gold, and away from the dollar which has been the
standard since its acceptance as the global reserve 70 years ago.  And when this happens, all dollar denominated assets like stocks, bonds, mutual funds, and cd's will become nearly worthless, or devalue by a large percentage, and the only performing asset will be gold for those who have it.

This is why Karatbars is so vital.  Besides being a company that sells gold at affordable sizes and prices, it is also an affiliate business that allows you to bring others to invest in gold, and to make substantial earnings by becoming a business owner in the company.  Even if you can't afford to purchase a single ounce of gold at the current price of $1198, you can easily find two people, along with yourself, who can invest around $350 each in a business that is both international, and protected from U.S. banks and governments since you can choose to have your gold delivered at any time, or stored for free in any one of their three offshore vaults.



Look, the new Jobs Report proved that the only employment being found today is part-time, and at near minimum wage levels, and the only way to survive and even prosper is to find that niche business that doesn't require you to invest a lot of money to grow and succeed.  And if 2008 didn't show us how vulnerable the entire system is, imagine what the next collapse will look like after $30+ trillion was printed by the central banks, which has only made things exponentially worse.

You can learn more about Karatbars by signing up for a free account.  If you simply wish to purchase gold in 1, 2.5, and 5 gram sizes, select Customer when clicking the link below.  But if you wish to both grow a business that is international and can be run completely from the comforts of your home and computer, and build wealth in the most recognized form of money in the history of the world that will ensure you will be above the fray after the global currency reset, then select Affiliate and purchase one of four packages (recommended silver) that opens up your window to receive commissions from anyone you sign up who then purchases gold or their own package.

Check out this video to learn just 1 of the 7 ways you can earn money through Karatbars, and click on this link to become a customer or business owner. - https://www.karatbars.com/signup.php?s=argonath