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?

Showing posts with label turkey. Show all posts
Showing posts with label turkey. Show all posts

Friday, February 3, 2017

Gold demand soaring to four year highs across the world as central banks and individuals pile into metals

There were a number of different stories published this week that validate why gold demand is not only increasing, but hitting four year highs as currency and economic fears push both central banks and individuals into the precious metals.


China's demand for gold can't be met
A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years.
For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this time, he has also worked with the Chinese government, Chinese industry and Chinese investors. He knows a few things about gold, and about Chinese gold. 
Here’s what he said to me: “I’ve seen estimates out of China that over 375 million Chinese want to buy gold. But they can’t. They live in the remote interior of the country, not the more open, coastal cities. These Chinese have little or no access to gold markets. And even if they did have access, there’s not enough gold.” 
The man explained that any Chinese with means and access is buying gold. He told me that just the Shanghai Gold Exchange has over 10 million customers. 10 million separate, account-holding customers. Just for gold. - Daily Reckoning
Gold demand rose 2% in 2016 according to World Gold Council
The Brexit vote and the election of Donald Trump drove global demand for gold to a four-year high in 2016, as pension funds and other institutional investors piled into the precious metal while higher prices put consumers off jewellery purchases. 
Global gold demand rose 2% last year to reach 4,309 tonnes, the highest level since 2013, according to a report from the World Gold Council, which represents gold miners. - The Guardian
Gold price continues to climb following inaction by the Fed
Gold hit an 11-week high on Thursday after the U.S. Fed eral Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the dollar. 
The U.S. currency slipped to a 12-week low against a basket of currencies and an eight-week low versus the euro after the U.S. central bank gave an upbeat view on the economy, but no hint of accelerating rate hikes. Spot gold struck its highest level since Nov. 17 at $1,225.30 an ounce, and was up 0.9% at $1,219.96. - Fortune
Gold backed bank deposit accounts in Turkey skyrocket
The price of gold, considered a safe haven in investments, has broken records one after another since last year, while the number of precious metal deposit accounts kept in banks are on a rise in parallel with President Recep Tayyip Erdoğan's call on people to convert their foreign exchange savings into gold or Turkish lira in an attempt to help boost the value of the Turkish lira. Having broken successive records since last year, gold became one of the favorite investment instruments in 2016 again. 
According to Banking Regulation and Supervision Agency (BDDK) data, gold deposit accounts in banks soared to TL 16.964 billion ($4.54 billion) at the end of 2016 from TL 10.624 billion at the end of 2015. As far as the last one year's transactions are concerned, this figure corresponds to 51.6 tons of gold, based on the average gold price of TL 122 per gram. 
A total of TL 15.922 billion worth of gold deposit accounts belonged to natural entities, while TL 1.042 billion worth of them belonged to commercial institutions and others in 2016. - Daily Sabah
As more and more individuals, pension funds, hedge funds, and investors come to the realization that historic asset classes like bonds, currencies, and real estate no longer provide sufficient yield for the risk involved, it would only take 1% of the money currently dedicated to these assets to completely wipe out gold and silver supplies, and create the environment where gold no longer has a definable value since it will become priceless.


Friday, December 16, 2016

Turkey's stabilization of the Lira came by dumping dollars and having their citizens rush into gold

Earlier today a new report out showed that China continued dumping dollars in November at the rate of $30 billion, taking their 12 month totals to $404 billion.  At the same time, demand for gold has skyrocketed in China where premiums on the metal are ranging between $50 - $800 per ounce.

And now we are discovering that Turkey's recent call for their citizens to get rid of their dollars and either buy gold or Lira has resulted in a slowdown in the devaluation of their currency, and a stabilization of the Lira over a short period of time.

Asked by their President Recep Tayyip Erdogan to shun the dollar, Turks are favoring gold over liras. 
On the face of it, the appeal to defend the Turkish currency worked. It arrested the biggest three-week surge in foreign-currency deposits since August as Turks drew down a net $450 million from these accounts in the week ended Dec. 9. But residents also boosted their precious metal holdings, traditionally denominated in dollars, by $700 million, a hint that confidence in their currency remains tenuous, according to Nomura Inc. - Bloomberg Markets
Gold demand around the world has been red hot over the past month as confidence in nearly all currencies falls to decades long lows.  And contrary to the dollar's recent moves over 103 on the dollar index, much of this has been due to nations like China, Turkey, Belgium and others dumping Treasuries and their dollars reserves.

As governments look towards creating policies to try to ban cash as a way to protect their dying monetary systems, more and more people are realizing that the current fiat money system that has been prevalent around the world since the 1970's is collapsing around them.  And those that are agile enough to move out of their devaluing currencies and into a sounder form of money such as gold before the supply becomes completely unaffordable, are the ones who will, just like what is slowly taking place in Turkey, be prepared during this emerging currency and banking crisis where even the dollar is no longer safe.

Monday, December 5, 2016

Turkey calls for citizens to dump their dollars and buy gold or lira as country looks to establish trade using own currency

It is still up in the air whether the failed coup that took place earlier this year in Turkey was from an outside agency, an Erdogan created false flag, or a grass roots engineered event.  But whatever the reason, the leader of Turkey has used this attempt to oust him from power as the impetus to initiate a pivot away from the U.S..

Shortly after the coup attempt back in July, Erdogan purged the government of any pro-U.S. officials and even threatened the long-standing NATO base housed in Ankara.  This of course forced Washington to move their missile cache held in Ankara to other locations, and for all intents and purposes exit a key regional position on the frontier of Russia which was had been used to try to isolate the Eurasian power.

But now it appears that this was just the first step by Erdogan in a new foreign policy where he is seeking to disassociate the country completely from the United States, and to solidify even greater ties with Russia and their growing Eurasian Economic Union (EEU).  And to do this he is now calling on all of Turkey's businesses and citizens to dump their dollar holdings and use the proceeds to buy gold or Lira as the end game looks to be a move towards establishing direct bi-lateral trade with Eurasia without the need for the U.S. dollar as a reserve currency medium.

Normally, any other country would find itself in a dilemma: how to lower rates as per the president's demands to stimulate investment and the economy, without killing the economy... but not Erdogan. As AFP notes, the Turkish president "urged" his fellow Turks on Friday to convert their foreign currencies into gold and lira to stimulate the country's economy as the lira continued its slide against the dollar. 
"For those who have foreign currencies under the pillow, come change this to gold, come change this to Turkish lira. Let the lira win greater value. Let gold win greater value," he said during a televised speech in Ankara. - Zerohedge
It is doubtful that President Erdogan has an acute understanding of finance, or what the devaluing of their currency means for their economy, but perhaps the real answer lies in the fact that the dollar's recent strength over the past month is creating the same monetary conditions that led to the Arab Spring events of five years ago, where a number of Middle Eastern governments were unable to afford to purchase dollars which could be used to buy commodities such as food to feed their hungry populations.

Thus the inevitable answer for Turkey (and others) appears to be in disassociating themselves completely from the dollar, and in negotiating new trade agreements in partnerships such as the EEU, through which they can use their own currencies that bypass the dollar.

"For those who have foreign currencies under the pillow, come change this to gold, come change this to Turkish lira. Let the lira win greater value. Let gold win greater value," he said during a televised speech in Ankara. 
Then overnight, Turkey continued its crusade against high rates, so critical to keep the currency from foundering, when it announced it would prevent companies from borrowing at high rates. The measure will be part of a broader package of economic steps due to be announced Thursday, according to state-run Anadolu Agency which cited Deputy PM Veysi Kaynak as saying in an interview on CNNTurk. 
“The rise in the dollar is certainly important, but the rise in interest is affecting our companies very quickly.” He added that the “prime minister will explain a package of measures that will touch the daily lives of our people,” and “relieve our companies financially,” including our banks." 
It was not exactly clear how government pressure to lower rates would help the plunging currency, however, in a surprising twist, one which likely seeks to isolate the Turkis Lira from its dependency on the US dollar, Erdogan said on Sunday that Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, in what Reuters dubbed "the government's latest effort to shore up the tumbling lira." 
Speaking at the opening ceremony of a shopping mall in Istanbul, Erdo?an said that he had proposed Russian President Vladimir Putin to conduct trade between the two countries with local currencies. - Zerohedge
For years Turkey has been an important nexus point for both Europe and the United States as NATO used that frontier to Eurasia as a key juncture in both the Cold War, and in today's foreign policy to isolate Russia.  However, with Moscow offering much more accommodation to economic growth than what the West has provided in recent years, Turkey is now seeing their future as one standing outside the dollar, and is preparing for a pivot East that is laden with gold and bi-lateral trade.

Thursday, November 24, 2016

Dollar strength leads to more purchasing power as Thanksgiving dinner costs for 2017 go down

It's Thanksgiving once again and that time of the year again where many things kick into motion for the American consumer.

Beginning with gasoline prices climbing a bit for areas around the country that switch over to winter blends, the season culminates with the arrival of snowbirds down South from Canada and the Northern U.S. locations and of course, the home stretch for retailers during the Christmas holiday shopping season.

But the main course for this period is as always Thanksgiving, and the coming together of families along with the cooking and baking of the traditional dinner.

Each year economists try to put together a cost analysis for the average dinner and more often than not, the price rises around 3-5% from the year before.  But with the dollar suddenly strengthening to levels not seen in the past 13 years, that additional purchasing power has done something not seen in quite some time...

A decline in cost for this year's Thanksgiving meal.

According to the American Farm Bureau Federation's (AFBF) annual informal price survey, the average meal for 10 people will be $49.87--  a 24-cent drop from last year’s average of $50.11. 
The survey’s shopping list includes enough turkey, bread stuffing, sweet potatoes, rolls (with butter, of course), peas, cranberries, a vegetable tray, pumpkin pie with whipped cream, coffee and milk for 10 eaters. The AFBF has been commissioning this study for 31 years. 
Foods showing the largest reductions this year were pumpkin pie mix, milk and a veggie tray comprised of celery and carrots. A 30-ounce can of pumpkin pie mix was $3.13, a gallon of milk was $3.17 and a one-pound veggie tray of celery and carrots was just 73-cents. 
A group of miscellaneous items including coffee and ingredients need to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour) came in at $2.81. 
The headliner - a 16-pound turkey - averaged a total of $22.74 (about $1.42 per pound). That’s a decrease of 2 cents per pound, or an overall 30 cents per whole turkey, compared to last year. - Fox News

Wednesday, April 27, 2016

Eurozone country offers to bribe refugees with cash if they will leave and go home

European leadership has become extremely limp-wristed when it comes to protecting their own sovereignty over the past 10 years, and no greater example could be in how they are dealing with millions of Syrian, African, and East European refugees who have flooded in through Turkey over the past 12 months.
In fact, besides allowing their citizenry to be terrorized by rapists, murderers, and Islamic Jihadists, more often than not they arrest their own people rather than the criminals when they attempt to speak out, or try to defend themselves from bodily harm.
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To be sure, the influx of refugees into Europe was a gambit played by Turkey’s President and dictator Tayyip Erdogan and foreign NGO’s bent on destroying European cohesion, but these nations who have become victims of geo-politics don’t even have the stomach to use their own military and law enforcement to protect their own people from the onslaught of human incursions.
So it should come as no surprise that desperate EU governments are now seeking to bribe and buy-off these usurpers into their country by offering them money if they would voluntarily leave of their own accord.
Read more on this article here...

Tuesday, October 27, 2015

Got Karatbars? India starts to coerce its people to give up their gold as Turkey expands gold savings accounts

For those who continue to listen to the mainstream media and think that gold is nothing more than a barbarous relic, then they are missing out on the explosion of gold based monetary programs that are expanding rapidly in many other parts of the world.  In fact, in a comparison of two nations, one that is working hard to get gold into their hands of their people, while another is working to divest that gold to shore up their indebted banking system, the paradigm shift back into gold as money is growing incredibly fast.
When stripped of its pompous rhetoric, what India is offering is simple: a gold-for-paper exchange, which however in a culture where gold has been the definition of money for centuries, would likely be a non-starter from the beginning. One look at the chart below showing Indian gold demands is sufficient to show just how ingrained in the Indian psyche gold has become. 
The one thing to watch for is a shift in the posture of the Indian government: for now participation in the gold monetization scheme is voluntary, and largely geared to the general public with the 500 gram/year limit. But if and when the Modi cabinet starts "urging" the population, and certainly when threats of fines and/or prison time emerge, that is when we will finally have confirmation that the second coming of Executive Order 6102 has arrived. 
Fast forward to this weekend when while we still await the Indian government to unveil the "threats and fines" part, it started the "urging" when during an address on his monthly radio programme of "Mann Ki Baat", Indian prime minister Modi "exhorted people to help convert gold to the nation's economic strength by joining in various schemes to be launched soon" adding that "gold can be converted from dead money to an economic force. To leave gold lying as dead money is behaviour not in sync with the modern times," he said. 
Still, Modi was at least truthful in noting that accumulating gold as a form of economic security is deeply rooted in India's social tradition; as a result we expect the threats of fines and incarceration to follow shortly. 
For those who are unfamiliar, the Khaleej Times reminds us of the details of India gold monetization plot: 
Earlier in the week, the Reserve Bank of India issued norms for implementation of the gold monetization 
As for the motives, we have covered them before, but here they are again: "the objective of the scheme is to mobilize gold, give a fillip to the gems and jewelry sector by making the metal available from banks on loan and reduce the reliance on imported gold." 
In other words, to take it away from the population. - Zerohedge
Like what China, Russia, and other Eastern/Eurasian countries have already discovered, gold will soon be the cornerstone of the next financial system, and India is desperate to regain their reserves after years of selling it off to their peoples.  But unlike what is going on in India and in most Western banking facilities, one Middle Eastern nation is doing just the opposite, and is providing their people a way to not only buy gold conveniently and easily, but to help transition their savings into a gold backed plan.


Turkey has created ATM machines that consumers can use to purchase gold directly from their fiat money, and they have also created new savings plans where the population can trade their money for gold, and spend/save it as if it were regular money.

But since most of the world doesn't reside in Turkey, is there an alternative we can use to not only trade our currencies into gold and real money, save it outside of a banking system that could threaten their people with confiscation (As India is doing), and have access to it with the click of a mouse or swipe of a smartphone to use as we see fit?

The answer lies in 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.

Thursday, March 22, 2012

The Mediterranean raping of gold continues as Turkey enters the scene

The one thing that is almost always confirmed when the banking cartels take over a nation by military, political, or economic means is that shortly after, the nation's physical gold reserves will be plundered and moved to secret locations outside the hands of the citizens who own it.



We saw this occur in Libya after the revolution that took place last year, and more recently in Greece, where the Troika forced a central banker (Papademos) onto the people, and quickly instituted a takeover of their gold holdings.

Now it appears that Turkey may be joining the gold takeaway movement as government officials are asking their citizens to trade their physical gold in for worthless fiat currencies so the psuedo-EU nation can use it as collateral to the central banks to pay off growing debt obligations.


The WSJ reports that "The Turkish government, facing a bloated current-account deficit that threatens to derail the country's rapid expansion, is trying to persuade Turks to transfer their vast personal holdings of gold into the country's banking system." The reason: "The push to tap into the individual gold reserves—the traditional form of savings here—is part of Ankara's efforts to reduce a finance gap that is currently about 10% of gross domestic product." In other words, "sequester" the population's hard assets (politely of course), and convert these to paper to fund the country's creditors, both foreign and domestic. Mostly foreign. - Zerohedge

For a system that continues to tell the world that gold is a 'barbarous relic', they sure are doing their utmost to rid nations of their yellow metal for their own benefit and accumulation.