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?

Wednesday, April 20, 2016

Corporations defaulting on debt at levels not seen since the Great Recession

By now every real investor knows that stock markets are rigged not on fundamentals and technicals, but on Federal Reserve and ESF interventions.  And no greater example of this can be evidenced when Goldman Sachs, who reported a decline of 55% in last quarter earnings, saw their stock go up during today’s trading.
But underlying it all is a growing plague of debt and margin calls, and since the beginning of the year, 46 corporations have defaulted on their debt, which is the highest level seen since 2009, and the beginning of the Great Recession.
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Tuesday, April 19, 2016

With Shanghai now establishing a new price discovery, Russia wants to join with China to create joint Eurasian gold market

April 19 was a monumental day for the global physical gold markets, with the Shanghai Gold Exchange (SGE) setting a new price to compete directly with London and the U.S. Comex.  Yet this move is just the first of many in China's long-term strategy to bring about a worldwide return to a gold standard.

And now it appears that they won't go it alone as on the same day of China's gold price determination for the world's largest gold market, Russia wants to join in as their central bank is now in talks with Beijing to create a joint Eurasian market that will be almost bigger than the Western metals markets combined.


The Bank of Russia and the People's Bank of China want to create a joint platform that would unite gold trading by the world's two biggest gold buying countries.
“BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets," First Deputy Governor of the Russian Central Bank Sergey Shvetsov told TASS. 
China is the world's largest gold producer. Last year it produced 490 tons. Russia is third after Australia with about 295 tons produced last year. Overall, the countries make up 25 percent of the world gold production. 
At the same time, the central banks of Russia and China are the world’s biggest gold buyers. Since the end of 2008 the gold reserves of China have nearly tripled - from 600 to 1,762 tons. 
Among the countries with the largest gold reserves, China is fifth and Russia is sixth after the US, Germany, Italy and France. - Russia Today

Outside of 'official' gold reserve tally's, it is estimated by insiders that both China and Russia own more than 40,000 tons combined, which would be greater than all reported reserves held in Western central banks.

It's Official! China sets new Yuan denominated gold price at Shanghai Gold Exchange

On April 19, China officially validated the rumor and initiated a new Yuan denominated gold price at the Shanghai Gold Exchange (SGE).

Officially setting the opening price at 257.97 Yuan, or $39.87 per gram, China has now thrown down the gauntlet against London and the Comex for control over the global physical gold market.


China launched its yuan-denominated gold benchmark on Tuesday in Shanghai as it seeks to secure more sway in the pricing of the precious metal.
The Shanghai Gold Benchmark Price (code: SHAU), is the quote for trading of 1kg, 99.99 percent purity bullion, denominated in the Chinese yuan and derived from multiple rounds of trading. 
The benchmark was set at 257.97 yuan per gram on Tuesday, the Shanghai Gold Exchange (SGE) said in a statement. 
The benchmark also lays the foundation for shifting bullion trading in Shanghai from mostly spot to derivatives to increase the appeal of yuan-denominated bullion trading as financial instruments for both domestic and global investors. - People.CN

IRS head condones illegal’s use of fraudulent social security cards since they use them to pay taxes

As a wise author in the bible once stated over 2000 years ago, the love of money is the root of many evils.  And when you fast forward this to the 21st century, the parallel concept of means justifying the ends is an apt description of how both men and governments will condone illegal activity if it results in the accumulation of more money.
On April 12, the head of the Internal Revenue Service spoke before Congress on the topics of taxes and the allowance of illegal aliens using social security cards.   And in a stark moment of truth, IRS Commissioner John Koskinen told the Senate that the agency condones the use of fraudulent social security cards by illegal aliens because the benefit is that they pay taxes, which in turn benefits the government.

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Monday, April 18, 2016

Negative interest rates in Europe lead Austria to highest gold sales in history

While the U.S. and most of the Western economies talk down gold and the need to protect your wealth in a physical asset, one sector of the Eurozone is setting new records for physical gold sales in the wake of negative interest rates.

In 2015, the nation of Austria set a new record for gold sales, with a 215% increase over the previous record set one year earlier.  And their 1.3 million ounces sold was greater than all sales made between the U.S. and Australia mints combined.


The Austrian Mint sold 1.3 million ounces of gold in 2015. This was up 215% from 2014 when the Austrian Mint sold 910 million ounces of gold. Austrian Mint gold sales in 2015 exceeded the combined 2015 U.S. Mint American Gold Eagle and Perth Mint gold sales. 
Austrian Mint spokeswoman Andrea Lang told Bloomberg News that the Austrian Mint’s gold sales were a reaction to the negative interest rates instituted across the European Union. A common knock against gold is that it doesn’t pay interest. That complaint is neutralized when gold is compared against cash deposits, which lose money by remaining in bank accounts and are subject to potential “bail-ins” whereby depositors may lose some of their deposits if the banks where they keep their money become insolvent. 
Gold was the best performing asset in the first quarter of 2016 and the Austrian Mint expects sales to remain strong through 2016. Indeed, in the first quarter of 2016, the European Central Bank announced additional stimulus and took interest rates further into negative territory. These initiatives should make gold even more attractive to cash depositors in Europe. - Finance.Townhall.com

Price inflation for dining out may make $15 minimum wage laws moot

30 years ago, dining out for the average American family was a once a week experience, with working parents adding to this total with an occasional lunch break at a restaurant.  However, the past three decades have seen this paradigm completely turn around, and in 2015, people spent more money eating out than they did in buying groceries since the convenience of cost was worth the experience.
Yet this trend may have quickly reached a peak here in 2016 as the growing movement of mandatory $15 per hour minimum wage demands being coupled with huge jumps in price inflation have seen the affordability of dining out now much greater than the cost of eating at home.
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Saudi’s pressure Washington not reveal classified 9/11 documents by threatening to dump dollars

As the White House ponders unclassifying 28 pages of the 9/11 commission report that may or may not implicate Saudi involvement in the terror attacks on New York City, the Saudi government on April 16 threatened Washington with dumping hundreds of billions in dollar assets as a punishment if they revealed to the public the contents of those pages.
For a long time, Saudi Arabia is believed to have been directly involved in the attacks on 9/11, with 15 of the 18 terrorists being from and funded by the Saudi Kingdom.
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon. The officials have warned senators of diplomatic and economic fallout from the legislation. - New York Times
911-attacks

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Sunday, April 17, 2016

China's gold accumulation has always been about strengthening the Yuan for global use

As many precious metal holders and investors watch with great interest for this Tuesday's expected announcement of a new Yuan denominated gold price, the rest of the world remains ignorant to the long-term reasons why China has been accumulating gold, and even pushing their people to buy the precious metal.  It is because as the Yuan becomes ready for greater international use in the very near future, gold has been the key for not only its foundation, but also the means to rocket the currency to the top in global use and trade.


More of China’s gold strategy was revealed by the recent launch of the Shanghai International Gold Exchange (SGEI) that offers gold trading in renminbi for clients worldwide, in an attempt by China to strengthen the internationalisation of the renminbi. In itself the SGEI clearly underlines China’s gold ambitions16, but the punch line was added with the launch of the Silk Road Gold Fund in 201517. Led by the SGE(I), the $16 billion fund will boost the gold industry along the Silk Road and in turn “will facilitate gold purchases for the central banks of member states to increase their holdings of the precious metal”, according to the Chinese state press agency Xinhua18. Not only is China trying to persuade all mining and consumption of gold along the Silk Road economic project to be settled through the SGEI in renminbi, additionally the Chinese promote gold as an essential component of central banks’ international reserves going forward. 
We must conclude that the State Council views gold as part of the coming international monetary system. Why else does it quickly develop the domestic gold market to be embedded in financial markets, surreptitiously accumulate vast gold reserves and establish a framework to boost gold business on the Eurasian continent around the SGEI? In my view, China contributes significant value to its gold strategy in the shadow of the apparent failure of the current fiat monetary system. And if true, China’s central bank having nearly 4,000 tonnes of gold is well on its way to introduce the next phase. - All China Review

Consumer trust and hope in the economy falling

Late last week, the Atlanta Fed lowered their Q1 GDP expectations down for the third time in a week to .1%, yet the mainstream continues to dismiss any possibility that the economy is either moving into recession, or that it is already in one.  And at the core of their propaganda is the belief that the consumer is alive and well, and spending money assumed to have been garnered from lower oil prices.
But two new polls and surveys out on April 15 show that not only is this assumption a lie, but that trust and sentiment in the economy is falling rather than growing.
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FDIC study determines most large American banks not ready for next financial crisis

On April 13, the FDIC issued a new report from a study they made regarding the ability of major U.S. banks to deal with a systematic financial collapse.  And in their findings, the FDIC is reporting that 5 of the 8 ‘too big to fail’ banks do not have feasible plans in place to stave off a crisis, and in fact are geared towards the expectation that the government and taxpayers will bail them out once again.
Despite the fact that the 2010 Banking Reform Act specifically placed bond and equity holders as the entities which would bail out a financial institution during the next crisis, major U.S. banks have summarily ignored the new laws and are sure that fear and panic will cause the government to give in and bail them out as they did eight years ago.
taxpayer-big-banks
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