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Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts

Sunday, April 23, 2017

Analyst Bo Polny's newest forecast seeks market crash and gold price soar in tandem with French election outcome

Analyst Bo Polny is not unique in trying to correlate numerical cycles to market outcomes, but his use of historical biblical trends has resulted in some fairly accurate forecasts.  And this is not to say that Polny has not been in error on a number of occasion, which is the case for his calls on the gold and equity markets over the past six to twelve months, but overall he has a track record that is above 80% over a long period of time.

Earlier this week Bo Polny was a guest on Greg Hunter's USA Watchdown program and during the 30 minute interview, he once again laid it on the line to say that his data and charting are showing a new stock market crash coming before the end of April, and the start of the gold price moving upwards towards $2000 in just the next few months.

And while it may be fairly easy to make predictions based upon geo-political events that are unfolding fast and furious right before out eyes, Polny had re-adjusted his calculations before the month of April had started, and before the U.S. engaged in military campaigns in Syria and now, North Korea.

Of importance according to Bo Polny's latest technical analysis is that the key dates of April 24-26 coincide with the tail end of the French elections, and just before the government potentially shuts down should Congress refuse to raise the debt limit by April 28.

Investors and analysts remember what happened to gold, equities, bonds, and currencies following the Brexit vote in June of last year, and the outcome of this first round of French elections on Monday could be even more chaotic as France is the linchpin on whether the EU remains a viable coalition, and if the Euro currency is ready to begin its deathwatch as two of the four French candidates have publicly called for its demise.

Predictions on Euro currencies reaction for each of the four French candidates


Thursday, March 2, 2017

As global currencies roil in turmoil, Bitcoin has now officially reached parity with the price of gold

After shifting Westward since the beginning of the year, when Bitcoin's price movements were primarily tied to Chinese influence, the crypto-currency has not only reached a new all-time high on March 2, but it has also achieved parity with the current price of gold.

Diverging together at $1236 apiece just minutes ago, the alternative choices to holding fiat currencies are now justifiably vying for the market share of individuals around the world who experiencing severe crises in their own economies and local currencies.

Bitcoin Chart:


Gold Chart:

Live New York Gold Chart [Kitco Inc.]

Global currency troubles:

Venezuela: The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 billion this year.

Greece: Now, fresh tensions over the country’s bailout are putting that progress at risk. About 1.3 percent of deposits were pulled from the banks in January, while bad loans crept higher, an increase Bank of Greece Governor Yannis Stournaras blamed on borrowers using the deadlock with creditors as an excuse to avoid making their payments.

Greek officials are meeting in Athens this week with representatives of the euro area and International Monetary Fund to set out the policies Greece must undertake to unlock more loans. The government foresees an accord in March or early April, but the scale of pending issues raises concerns they may be politically hard to sell at home.

U.S.: On March 15, the latest suspension expires and the debt limit will likely reset a little north of $20 trillion.

If Congress has not voted by mid-March to either extend the suspension or raise the ceiling, Mnuchin will have to start using special accounting measures just to keep paying the country's bills without violating the borrowing limit.

With the gold price currently being held down through the Comex and London derivatives markets, the likelihood of Bitcoin's price soaring well past that of the yellow metal is very real, especially as the Federal Reserve has come out in recent days almost assuring the markets of another rate hike.  And this will only add more fuel to the crypto-currency's legacy as it officially becomes one of the world's most popular alternatives to holding one's wealth in any sovereign currency.

Sunday, February 19, 2017

Is Germany's gold repatriation in preparation for end of Euro as Chancellor Merkel questions solvency of the currency

Sometimes events that coincide with certain actions taken are little more than coincidental, or at most unforeseen consequences of those changes to the norm.  But for the most part in the political sphere, when actions are taken they are done with a purposeful agenda in mind, as validated by a quote made 80 years ago by then President Franklin Roosevelt.
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.”
Now with this in mind there were two key activities and comments that took place in Germany over the last seven days which can easily lead to a conclusion that the largest economy in the Eurozone is expecting a mighty sea change to Europe's current monetary system.

Germany has finally received half of the gold they initiated repatriation of

Over the past 10 days Germany finally received a large portion of the gold they demanded be returned from both the New York Fed, and from banks throughout Europe that have held their gold since the end of World War II.  And in an op-ed from CNBC a few days ago, the question as to why they wanted or needed this gold was asked.

An official announcement last week that the Bundesbank had pretty much repatriated half its gold reserves ahead of schedule has once again sent the rumor mill into overdrive. 
And the talk has now stepped up a notch with the Bundesbank confirming Thursday that it has already moved 583 tons of gold out of New York and Paris. Its plan to hold half its gold in Frankfurt is now three years ahead of schedule. 
Reporting the news, Reuters said that some argue the world's second-biggest bullion reserve "may be needed to back a new deutsche mark, should the euro zone break up." This seems pretty far-fetched, especially given that the Bretton Woods system of fixed exchange rates ended back in the 1970s. Could Berlin really be prepping for the fall of the euro? - CNBC
Yet speculation in the business media is not enough to validate why Germany is choosing to focus on their gold repatriation now after saying three years ago that it was no longer a concern.  That is until we look at comments made by Chancellor Angela Merkel on Feb. 18 where she finally admitted that there are serious problems with the Euro, and even went as far to blame Mario Draghi and his monetary policies done through the European Central Bank.
Two weeks ago, German finance minister Wolfgang Schauble confirmed Donald Trump's charge that the Euro is far "too low" for Germany, but said he is unable to do anything about it and instead blamed Mario Draghi. “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position,” he told Tagesspiegel on February 5. “When ECB chief Mario Draghi embarked on the expansive monetary policy, I told him he would drive up Germany’s export surplus . . . I promised then not to publicly criticise this [policy] course. But then I don’t want to be criticized for the consequences of this policy.” 
Then, on Saturday, his boss German Chancellor Angela Merkel echoed her finance minister, and also admitted that the euro is indeed "too low" for Germany, but once again made clear that Berlin had no power to address this "problem" because monetary policy was set by the independent European Central Bank. 
"We have at the moment in the euro zone of course a problem with the value of the euro," Merkel said in an unusual foray into foreign exchange rate policy. - Zerohedge
But the problems with the Euro currency go far beyond the ineptitude of the former Goldman Sachs banker who plays the role as Master of the Universe over Europe's monetary system.  This is because the rising tide of populism has become a real threat to the end of the Euro and even the European Union, with Italy, France, the Netherlands, and possibly even Greece all threatening to leave the currency and Union should elections pan out as currently predicted for these nation states.

Germany's biggest financial fear is inflation, and over the past several months their economy has been experiencing sharp rises in prices as debt, liquidity, and even banking problems hover like Black Swans over their, and the entire EU financial system.  And it is becoming apparent that the Germany government is taking no chances by accelerating their repatriation of their gold, because the writing appears more and more on the wall that gold will be the money of choice after the next crisis hits.

Tuesday, February 14, 2017

Trump could drive a dagger into the heart of the EU should he get Greece to dump the Euro for the dollar

With Greece once again rushing to the forefront of events within the European Union over their never ending debt crisis, political and economic analysts directly point to the Southern European nation as the catalyst that could end the Euro currency experiment forever.

And ironically the Black Swan that could bring about not only an end to the Euro, but perhaps even put a dagger in the heart of the EU itself, is Donald Trump and his version of dollar diplomacy.

Image result for trump vs the european union
Donald Trump's pick for EU ambassador Ted Malloch claimed senior Greek economists are looking into taking on the American banknotes if the country turns its back on the European currency. 
Due to Greece's crippling financial crisis, officials are said to be desperately searching for an alternative to the Eurozone, which would 'freak out' Angela Merkel, according to Malloch.  
Prof Malloch was interviewed on Greek TV, where he said Greece leaving the EU would be the best option for residents, and added the current situation is 'simply unsustainable'.
'I know some Greek economists who have even gone to leading think tanks in the US to discuss this topic and the question of dollarization,' he said, according to local press.
 'Such a topic of course freaks out the Germans because they really don't want to hear such ideas.' 
The likely candidate for the Brussels envoy job has previously stated he expects the Euro to crash by 2018. - Daily Mail
Three years ago, when Greece fought their last debt battle against Germany and the EU Troika, it was Russia who offered to backstop Greece should they choose to leave the EU and default on their sovereign debt.  But that was back in 2013 when Barack Obama was President of the United States, and now the entire environment has changed since President Trump is a staunch supporter of seeing the European Union breakup for a return to nationalism.

Image result for greece should dump the euro

The Euro currency is already doomed to die, and for European nations currently reliant upon the continental currency for their monetary system it may be a case of the first ones out the door will have the benefit of making the best deals.  And this assessment has already proven accurate for the UK following their Brexit from the EU, and now it is upon Greece to make their most important decision on whether to start anew with a chance at a better future, or remain slaves to Brussels and lose everything when the Union and currency collapse whether they leave or not.

Friday, February 10, 2017

European Commission rushing to eliminate the Euro before the rest of the EU nations do

In the wake of declining economic conditions, and the fact that there is now a race against the clock for the European Commission to lock into place its ultimate authority before the entire European Union breaks apart from a populist revolt, the EC is rushing out to enact an new Action Plan that would eliminate physical euros from use in commerce.

This plan is also being forged as the European Central Bank runs out of options after driving interest rates into negative territory, and after having bought so many corporate and sovereign bonds that there is little more Mario Draghi can do to keep Europe's economy together.

Sweden
In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years. 
The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems. France and Spain have already criminalized cash transactions above a certain limit, but now the commission has unilaterally established new regulations that will affect the entire union. The fear of physical money flowing out of the trade bloc has manifested a draconian response from the State. 
The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their reasoning for the move is to thwart money laundering and the financing of terrorism. Border checks between countries have already been bolstered to help implement these new standards on hard assets. Although these end goals are plausible, there are other clear motivations for governments to target paper money that aren’t as noble. - The Anti-Media
Many analysts, including one of the original architects of the Euro, have stated that the flawed currency is quickly perishing, and that nations within the EU are more than likely going to return to their own sovereign currencies.  However this would mean that the EC, and well as the ECB, would lose tremendous power, and as a result they are pushing hard to eliminate physical cash in order to enact a purely digital system through which they can dominate both nations and people by utterly controlling Europe's monetary system.

As we have seen so far in India's failed experiment to eliminate cash and attempt to bring the country's 1.3 billion people into a completely digital system, much of their economy has broken down, and the people have rebelled in a myriad of ways.  And with more and more Europeans waking up and recognizing that the EU experiment has been a hindrance to freedom, prosperity, and cultural sovereignty, the race is on to see who will succeed first... mass exits, or ultimate control over the continents money and banking systems.

Tuesday, January 31, 2017

Gold soars up $20 and dollar falls as President Trump brings Europe into the currency war

After spending the latter stages of his candidacy prior to the inauguration going after China's 'manipulation' of the Yuan, President Donald Trump has shifted gears and is now challenging Europe and their policies which he alleges are keeping the Euro undervalued, and affecting fair trade.

On Jan. 31 Peter Navarro, the top trade adviser and member of the Trump Administration, went directly after the heart of the EU's trade alliance by singling out Germany as the primary instigator in the continent's use of monetary devaluation policies to achieve unfair trade advantages.

The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump's top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", the FT reported noting the comments are "likely to trigger alarm in Europe’s largest economy." News of the statement sent the EURUSD surging and the dollar tumbling to fresh 2 month lows. 
Navarro, the head of Mr Trump’s new National Trade Council, told the Financial Times the euro was like an “implicit Deutsche Mark” whose low valuation gave Germany an advantage over its main partners. While not necessarily novel - Germany has often been accused of being the biggest winner from a weak euro at the expense of peripherla Europe - his views suggest the new administration is focusing on currency as part of its hard-charging approach on trade ties, according to the FT. Furthermore, virtually assuring a deterioration in US-German relation, and in a departure from past US policy, Navarro also called Germany one of the main hurdles to a US trade deal with the EU and declared talks with the bloc over a Transatlantic Trade and Investment Partnership dead. - Zerohedge
In response to the allegations, gold and silver soared to their highest intra-day move of 2017 as the yellow metal climbed back over $1200 per ounce on an early move of over $20.

Live New York Gold Chart [Kitco Inc.]

Thursday, November 3, 2016

SDR's for trade between nations, gold for the rest of us when currencies collapse

It is inevitable that the monetary system the world has used over the past 43 years will not only come to an end, but all signs are warning that this end is very near.  Going back to 1988, one of the Establishment's primary propaganda publications issued a forecast of a new global currency replacing the dollar by 2018, and here in 2016 we have already seen the beginnings of that currency through the IMF's announcement to circulate the M SDR (Special Drawing Rights) under Chinese authority.

Image result for the economist world currency

This means of course that during the transition, all fiat currencies like the Dollar, Pound, Euro, and Yen will experience extreme devaluations, or in some cases like perhaps the Euro, outright elimination.

But how long until this actually takes place?

A month ago one of the chief architects of the Euro creation back in 1999 published an op-ed on how the currency was flawed, and that its days numbered thanks to the deteriorating confidence and value imposed upon it by the European Central Bank.  And as we know in Japan over the past 20 years, the UK in recent months, and through the dumping of dollars by foreigners against the current global reserve, the clock is ticking on whether nations can get together in time to agree upon a way for a global reset, or if greed will bring their inevitable downfall through some global financial crisis.

Right now the first or perhaps even primary model for the next global reserve currency already exists, and is being propagated in the markets and in trade.  But this currency, known as the SDR, will only be available for nations to trade with one another at a central bank or Ministry level, and this leaves the 99.99% of us dealing with the aftermath of our own money's devaluation.

Thus while the world banks and governments prepare for the SDR to save their financial systems, what remains for you and I are the physical forms of money that have been a part of economics from the beginning of civilization.

We’ll soon experience profound problems with the U.S. dollar. I expect to see inflation in some areas, deflation in others. On the world stage, we could see anything up to and including a full-fledged currency crisis. 
Collapse is a calamitous process that destroys wealth like a tsunami hitting a seacoast. 
We’ll see several stages of the collapse play out in any event, because central banks are out of room to steer monetary policy outside of a very narrow channel. 
The Fed didn’t raise interest rates in 2010-11, when it should have bitten down on the proverbial bullet. Now, as the world economy teeters on the edge of major breakdown, the Fed can’t cut rates to boost the economy. Even if the Fed’s traditional rate-cutting medicine worked — and it doesn’t always work — that bottle of economic snake oil is nearly empty. 
Aside from the Fed, other central banks around the world are in even worse shape. Many of them participated in the failed negative interest rate experiment. We can’t look to them for any help at all. 
Sauve qui peut! 
This will put increased importance on special drawing rights (SDRs), or world money, and gold as possible tools with which to truncate the next collapse. I expect that many nations will use SDRs as a method to protect themselves — certainly the U.S.
But if you’re not a country plugged into the central bank, what’s left for us mere mortals? Your best option is to use gold. - Daily Reckoning

Friday, June 24, 2016

Gold pops $85 on Brexit vote while currencies and markets in chaos

June 24 is now a new red letter day in Britain's history as the people chose to Brexit versus remaining as a subject nation in the European Union.


By a relatively close, but decisive vote, Britain has begun the process of becoming the first European Union country to leave the coalition, and has triggered not only financial chaos in currencies and markets, but has opened the door for nations like France and Scotland to call for their own independence referendums in the wake of the British Exit.

As expected, gold was the number one safe haven along with the dollar, as the metal shot up $85 when news of the exit vote hit.  In addition, the Pound Sterling fell to 30 year lows against the dollar, and the Euro dropped 500 bps in a single instant.

Gold has now crossed a major resistance level over $1308, and with geo-political turmoil such as Britain's Prime Minister David Cameron officially announcing he will resign in the fall, the monetary metal should have a clear path to $1450 per ounce in the coming weeks.

Wednesday, June 15, 2016

As financial analysts predict Brexit to be the next Lehman event, British metals dealers see rush into gold

There are uncountable consequences being predicted should Britain choose to leave the European Union, and separate themselves from the continental trade coalition.  Some of these include effects on the Pound, the Euro, on the validity of current trade agreements, and on potential losses should the European Commission choose to nullify their favored nation status.

But even more, some analysts are forecasting that a Brexit could trigger the next 'Lehman event', and put much of the global financial system at risk.

Q: What would happen if Britain voted to leave the EU? 
A: It is not Lehman in the short term in terms of markets being in a panic or chaotic mood, because the central banks will try to pacify that. But it is more significant than Lehman in its longer-term impact on global growth. Through trade and investment channels, there will be a downward impact on growth. 
Q: Isn't it just a European issue? 
A: It's not just a vote for the U.K. exiting Europe, it is a symptom of the discontent and unhappiness of citizens with the status quo. They want change, but nobody can articulate what is it that they want. The impact in an exit vote of "leave" winning would be very far-reaching and impact long-term events. Near term there would be significant adjustment in financial markets. - Bloomberg
Because of these fears, a London gold dealer is predicting that a yes vote for a Brexit would cause a panic into the precious metal, and they could see upwards of £10 million pounds of online purchases in a single day.
A  gold dealer has predicted that a decision to leave the European Union would prompt an online gold rush, generating sales of around £10m in a single day for his company, as investors seek to protect their wealth. 
BullionByPost, Britain's biggest online gold dealer, is forecasting its biggest ever trading day if voters decide on a Brexit. "We have a number of large clients waiting to place orders," claimed founder Rob Halliday-Stein. "Everyone is waiting for the referendum outcome. - Telegraph.co.uk

Monday, June 6, 2016

Brexit vote in two weeks could be major catalyst for next rise in price for gold

A few years ago, analysts suggested that the specter of a Greek exit (GREXIT) from the Eurozone would cause such pressure on the Euro currency that gold prices could have risen to $2000 per ounce and over their all-time highs of just a few years before.  But since a Grexit did not take place, and the Greek government capitulated to the Troika, it was a major stumbling block for the metal and allowed central banks to continue the status quo of pumping their fiat currencies and shorting gold to their own record levels.

But things have changed over the past two years, and these include a very close referendum for secession by Scotland, a de-pegging of the Euro by Switzerland, and coming up in the next two weeks is another exit vote for an EU nation which analysts also see as a potential trigger for the next leg of the gold bull run.

By all but ruling out a rate rise in June, this leaves gold in a great position to head up to $1,400 in our opinion. The reason? The Brexit. The vote is just over two weeks away and the latest figures reveal that the vote for leaving has edged ahead by three percentage points. A lot can change between then and now, but if it stays the same way we think that the week leading up to the Brexit vote could be awfully volatile for financial markets across the world. This could lead many to seek safe havens, and what better safe haven to jump into than gold? - Seeking Alpha
In times of turmoil, gold has by far been the most go to asset for stability and protection of wealth.  And at stake is more than simply a country looking to remove itself from a coalition that is changing rapidly from a monetary and trade union into a political and social engineering one, but a rejection of the Eurozone concept itself, and the currency created to merge Europe under a single monetary banner.

Sunday, March 13, 2016

Finland to discuss whether to leave the Euro currency

First there was Greece (Grexit), who looked long and hard at leaving the Eurozone during last year’s financial crisis.  And that discontent is being followed up now in Britain (Brexit), who is expected to propose a referendum to have a vote on whether to stay or leave the union sometime in 2017.
And with Mario Draghi and the European Central Bank (ECB) taking interest rates down to zero on Thursday, and in some parts of the lending facility below that into negative territory, one Northern European member is taking a long look at whether to leave the Euro currency following a public petition that has now moved the idea into their legislature to debate on the issue.

Read more on this article here...

Saturday, March 5, 2016

Gold prices are up over 20 percent against nearly all major currencies since beginning of the year

Yesterday I wrote about how gold had moved into a Bull Market since its lows back in December of 2015.  The definition of a bull market is when an asset increases by at least 20% from its low.

But a new report out by Mark O'Byrne at Goldcore is showing that gold has not only moved up by more than 20% in the U.S., it has also become a bull market against nearly every major currency including the Euro, the British Pound, and the Yen.

So to put it in perspective, the entire world is now rushing into gold... as an investment, as a safe haven, and because it is the best performing asset in 2016.

Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all currencies. 
The sudden rise of gold prices and whether it is sustainable was considered. As was the British economy in the run up to Brexit referendum and the vulnerability of sterling due to the second largest current account deficit in the UK's post war history and London's property bubble. 
The impact of the Chinese slowdown and the 1% rise of the Indian Duty tax, followed by country’s numerous jewelers’s strike and the outlook for Chinese and Indian demand were also looked at. 
Gold is the strongest currency in the world so far this year. Gold prices began the year at $1,062.25/oz, €974.32 and £716.36 per ounce.  Prices have surged in all currencies internationally and today's AM fix was $1,271.50, €1,158.67  and £898.93 per ounce. Or to put it more correctly, fiat currencies are being devalued and again losing value versus gold ...  as they do over the long term. - Zerohedge

Wednesday, February 10, 2016

Heads of European central banks call for a singular Eurozone finance ministry

It is a given that once power is achieved in a particular sphere, those in authority are never content to remain satisfied with what they rule over.  In fact, conquest has always been the underlying motivation for leaders since the beginning of time.
And while having a joint coalition of nations within the European continent is a marvel unto itself, this grand scheme is evolving into a technocratic takeover, where removal of national sovereignty is the ultimate goal, and can be seen in examples like on Feb. 8 where two of the continents leading central bankers are now calling for a singular Eurozone finance ministry to oversee and control the economies and financial systems of all member nations.

Read more on this article here...

Tuesday, January 12, 2016

Bitcoin’s success is the result of nation’s incompetent policies and the trashing their own currencies

Five years ago very few would have thought of Bitcoin as anything more than a novelty… a curiosity for the digital age, and a symbol for the anarcho-capitalist fringe.  But the foresight behind Bitcoin was more in the creator(s) understanding of banking than it has been in forging a rebellious construct to the long-standing system of private central banking.
So for many of course, it is a very big surprise that in 2015, the best currency in the world was not the dollar, nor the Euro, nor the rising Yuan, but the crypto-currency itself.

Sunday, December 27, 2015

First de-pegging from the Euro, now Switzerland is voting to end private central banking

For decades, Switzerland has been known as the banking capital of the world due to their neutrality, and long history of protecting wealth from the prying eyes of governments.  And although they recently gave into U.S. pressures for transparency of accounts owned by American citizens, two major policy decisions may be separating themselves once again from the pack in the Western financial system.
Back in January, the Swiss government de-pegged the Franc from the Euro, causing a temporary setback in their economy due to the strength of their own, and the weakness of their formerly pegged to currency.  But a new referendum that is being initiated may change all of this, and help the country overcome negative interest rates that their central bank forced upon the Swiss economy.

Thursday, December 17, 2015

Got Karatbars? Bitcoin creator discovered to have used the crypto currency to purchase physical gold because it is more secure

Ever since the 2008 Credit Crisis, a growing number of individuals have sought alternatives to banks, the banking system, and fiat based currencies.  From this came the blockchain revolution, and the rise of crypo-currencies such as Bitcoin.

But for many, a completely autonomous digital currency may inevitably be too complex to understand and incorporate, and its expansion beyond a niche following may be its ultimate legacy.  And in a very interesting turn of events, it was revealed recently that the creator of Bitcoin, the man behind the mythical Satoshi Nakamoto, sought to use bitcoin to buy what he considered a more secure form of money...

That being physical gold.
Last Wednesday, we brought you the story of Craig Steven Wright who was “outed” by Wired and Gizmodo as Satoshi Nakamoto, the pseudonymous founder of bitcoin. 
Now, we get the latest twist in what is already a fairly bizarre story, as The Australian says that in May of 2013, Wright attempted to buy some $85 million in gold and software from Mark Ferrier, who at the time was working on a deal whereby his MJF Mining would obtain 50% of the gold discovered by ASX-listed goldminer Paynes Find Gold.  
Apparently, Paynes needed machinery which Ferrier - via MJF - was willing to provide in exchange for a claim on any future discoveries. According to the Australian, “Mr Ferrier is alleged to have told Mr Wright gold was good security in the event the ‘funny money’ of Bitcoin failed.” Here’s what supposedly happened next:  
Mr Wright has alleged payments were made in August 2013 of $38.8m — then the equivalent of 245,103 Bitcoin — for Siemens software and gold from Paynes. He then claimed payments were made to Mr Ferrier of $20.3m — or 135,100 Bitcoin — in September 2013 for the “core software” from Al-Baraka. In September that year Mr Ferrier was arrested in Perth and the gold partnership with Paynes was discontinued. 
In December 2013 Mr Wright filed actions in the Federal Court and NSW Supreme Court suing for his share of the gold, claiming the sum of $84.42m based on the market value of the alleged Bitcoin payments for the gold. - Zerohedge

Gold is and always has been the most recognized and respected form of money going back thousands of years, and the most secure way of protecting your wealth no matter what type of financial or monetary crisis occurs.  From the use of gold by the Jews in Germany to bribe their way out of the country, to an entire nation of over one billion people using gold as their primary store of wealth, the yellow metal has sustained itself through eras of fiat currencies, and now, the digital age.

There will always be some form of money created by nations that is outside the use of a gold backing, but never have any of these currencies survived and lasted for more than a few decades.  And with the pendulum now swinging away from species like the dollar, euro, and British pound, and back towards gold in economies like China, Russia, and India, now is the time above all for you to be prepared for a return to what was, and be ready for a new system that is to come.

And you can do this securely and inexpensively with a company called 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, Karatbars is working on a new e-wallet system 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 Karatbars, 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.


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 individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Tuesday, October 27, 2015

With a Spanish city set to create parallel currency, is the EU on the brink of losing monetary control?

The European Union (EU) was originally setup to be a trade union that expanded decades later into a monetary union.  But with the European Central Bank (ECB) at the heart of financial destruction created in nations in Southern Europe, several peoples within these insolvent countries are now fighting back with the use or establishment of alternate forms of currency.
On Oct. 24, an official in the city of Barcelona announced that the municipality is planning to engineer a parallel currency to the Euro, and forge ahead with a localized form of money that goes far beyond the black market currencies now being seen in places like Greece and Argentina.

Sunday, July 12, 2015

Got Karatbars? Man who correctly predicted Swiss/Euro disconnect gives blueprint for next crisis

Back in November of last year, the founder and managing partner of Matterhorn Asset Management, Egon Von Greyerz, correctly predicted two months before it happened that the Swiss Franc would de-peg from the Euro, and begin the chapter for the continent of Europe to slowly end their centralized currency experiment.



Yet this is not the first correct forecast for one of the most respected commodity traders and managers in the world.  Back in 2002, when the price of gold was still hovering around $300 per ounce and the great Housing bubble was about to take off, Von Greyerz told his clients to take 50% of their assets and get into gold immediately, which was the most profitable trade in the first decade of this century, culminating in a return of over 6466% when the metal reached its peak of over $1900.

But as the price of gold has been stuck in the $1150 - $1250 range due to massive shorting and derivative leveraging by the bullion banks who use the metals futures market to protect the dollar currency, Egon Von Greyerz is once again forecasting the next economic event, only this one will be global, and leave even the reserve currency (dollar) with the high probability of collapse.

And his suggestion for both investors and regular people alike is to make sure and do two things...

Offshore your wealth, and get out of every currency and into gold.


Egon Von Greyerz:  "I think China is a good example of that." "I think that, that is the beginning of the downturn of stock markets... of course they will try to get it up temporarily, but it won't last, and whether it starts now or where I think it is more likely to start in the Autumn, it will precede the beginning of the fall of the Western stock markets, and that is a fall that is actually going to be absolutely disastrous for the world because it will destroy wealth very, very quickly.  And it will start a long term downturn in markets and the economy worldwide."

Eric King: "Egon let me ask you one final question... and that is the frustration that people feel in regards to gold and silver.  It hasn't rallied obviously in the midst of this global chaos, but Egon there's a great deal of manipulation that's been going on by the central planners, and some of that has been presented in the form of the massive derivatives that are inside of that market, and taking over."

"This iron fist that's controlling the gold and silver markets... how will that end?"

EVG: "Like with all manipulations it will end very badly." "I know it's hard for the listeners and I know it's hard for gold investors to accept that it can (eventually) end because we've seen now this correction going on since 2011, and it seems like a lifetime for a lot of people."

"We've seen the massive increase in derivatives, especially in the U.S. banks, and at some point when the market understands that there is no physical gold to fulfill the these (naked shot) contracts, and when the market understands that central banks don't have the gold they say they have, this market will erupt."

"Eric it is so important for people to own gold in whatever way they choose, but they must hold it outside the banking system, and must have direct control over their gold, with no counter-party risk"

This last portion that Egon stated... "it is so important for people to own gold in whatever way they choose, but they must hold it outside the banking system, and must have direct control over their gold, with no counter-party risk"... is why the only real solution to protect your wealth, to get into gold, and have complete control over it from any risk by foreign entities, governments, or central banks is with...

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 Karatbars, 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 individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Monday, November 24, 2014

Activist and part leader seeks initiative to remove Italy from the EU and Euro

In Great Britain there is the United Kingdom Independent Party (UKIP), in Greece there is the neo-nazi party known as the Golden Dawn, in Germany there is the Alternative For Germany party, and now in Italy, activist and leader of the Five Star Movement Beppe Grillo is beginning an initiative to wrest Italy from the hands of the technocrats in the European Union (EU), and divest their economy from the Euro and ECB.


Read more on this article here...

Tuesday, June 10, 2014

ECB to kill savers with new Negative Interest Rate Policy

After two years of continuous jawboning, the head of the European Central Bank (ECB) finally acted and laid down a new policy that will destroy savers and anyone who wishes to protect their cash in the fiat currency system.

On June 5, Mario Draghi lowered the interest rate for banks to a negative interest rate in an attempt to stave off the massive deflation that was creeping into the EU and in essence, kick the can down a pathway in which there is no return.



Read more on this article here...