The Israel Deception

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

Monday, August 8, 2016

Jim Willie: China working with the BIS to create an international trade settlement contracts using gold at $5000 per ounce

Over the weekend on Aug. 7, statistician and economist Dr. Jim Willie published new information regarding negotiations that are taking place right now between Chinese finance officials and the Bank of International Settlements (BIS).  At the heart of these talks is the ending of the dollar as the medium for international trade settlement, and in using physical gold as its replacement.

While not completely confirmed, the number that Dr. Willie has been hearing for a repricing of gold to accommodate global trade settlement would be to boost the price/value to $5000 per ounce.

The Chinese finance officials and the Basel-based bank for international settlements are negotiating a global reform of all bilateral contracts. They strive to alter us dollar-based contracts, and change the contract terms to gold settlement. They are working on a global contract at the $5000 gold price in contract conversion. China represents eastern interests, while Basel represents western interests. It is not yet clear what will happen to commodity price mechanisms. - Golden Jackass via Goldseek

Playing Pokemon Go can be bad for one's health

Each day it seems there are new stories of absurdity being propagated from the mindless zombies all over the world playing Pokemon Go.  And whether it is a group of virtual Pokemon chasers interrupting a funeral service in Australia, or ones continuously trespassing in people's yards, this addicting game can take players to places that can actually put their lives in danger.

And sadly for one young athlete in San Francisco, it did just that.

A 20-year-old man was shot and killed while playing "Pokemon Go" at a San Francisco park Saturday night, according to authorities. 
Calvin Riley and a friend were playing the game in the Fisherman's Wharf area, along San Francisco's waterfront, when Riley was shot, AP reported.  
According to family and friends, Riley was randomly targeted, and there was no confrontation before the attack, KGO-TV reported.  
"There was nothing said back and forth,” family friend John Kirby told KGO-TV.  "It was just senseless, just came up and shot in the back and ran away for nothing." 
According to Kirby, Riley and his friend saw someone watching them from the top of a hill, but they were playing the game, so they were absorbed in their cellphones. 
Calvin was ahead of his friend, according to Riley, who said the friend witnessed the end of the attack. 
“Then when the friend came around a corner he heard a gunshot, saw his friend fall, and whoever did it ran away and possibly got into a car," Kirby told KGO-TV said. - USA Today
Perhaps we shouldn't be surprised that Americans no longer have any form of tactical awareness of their surroundings, considering when was the last time you saw someone actually look both ways before crossing a road... whether they were playing Pokemon Go or not.

Friday, August 5, 2016

Why do you need to own physical gold and silver? Just ask a Venezuelan

Since last year, monetary policies instituted by Venezuelan President Nicholas Maduro have skyrocketed inflation to the point that it is on the precipice of hyper-inflation.  And reports going back just two months ago show that it is costing citizens around $150 just to buy a dozen eggs.

The official price of eggs is 1,020 bolivars. Yes, the government maintains “official prices.” But Venezuelans can rarely find eggs at the government-run food stores. Maria Linares is a 42-year-old single mother who works for a government ministry as an accounting assistant. She told the Los Angeles Times she has to buy eggs on the street from vendors. Cost? Around 1,500 bolivars for 1-dozen eggs. That translates to $150 at the official exchange rate. - Schiff Gold
Yet something interesting is occurring in Venezuela at ground level outside the rise of black markets and government alternative price controls.  And that is that physical gold and silver are both superseding the soaring price inflation tied to paper currencies, and according to a missionary who lives and works in Venezuela, a single ounce of silver can buy enough food for a family to last three months, and an ounce of gold can buy you a house.
Tom Cloud: We got an incredible email this morning from one of our clients who's brother in law is a missionary down in Venezuela.  And he was telling us that in Venezuela, once ounce of silver will buy you food for three or four months... one ounce of silver.  And an ounce of gold will buy you a house. 
So we're starting to see what I've talking about and predicting for over a year, that we're going to see these countries in Central and South America where everything is going to collapse and if you don't have gold and silver, you literally have nothing. - FTM Daily

Markets soar to new all-time highs as they realize the Fed will never raise rates on completely manipulated good news

The monthly job report came out for July today, and the massive higher than expected number is sending markets soaring to new all-time highs.  In fact, for the first time in 16 years the Nasdaq has equaled its previous all-time high and could close with a new record.

But underlying all of this is a fantastic dichotomy in fiscal and monetary policies that Wall Street has finally caught on to...  and that is, the government will continue to report bogus manipulated better than expected data, and the Fed will simply ignore it and keep going forward with zero interest rates.


This of course is the signal for speculation to now go all out in equities.
One week ago, the BEA admitted that it had "found a problem" when it comes to calculating GDP numbers. Specifically it blamed "residual seasonality" adjustments for giving historical GDP numbers a persistent optimistic bias. This came in the aftermath of last week's shocking Q2 GDP report which printed at 1.2%, less than half of Wall Street's consensus. 
Today, seasonality made another appearance, this time however in the much anticipated July number, which unlike the woeful Q2 GDP number, was the opposite, coming in far higher than expected. In fact it was higher than the top Wall Street estimate. 
As Mitsubishi UFJ strategist John Herrmann wrote in a note shortly after the report, the "jobs headline overstates" strength of payrolls. He adds that the unadjusted data show a “middling report” that’s “nowhere as strong as the headline" and adds that private payrolls unadjusted +85k in July vs seasonally adjusted +217k. 
We leave it up to readers to decide just why the government may want to represent what would otherwise have been a far weaker than expected report, into a blowout number, one which merely adds to the economic "recovery" narrative, which incidentally will come in very useful to Hillary's presidential campaign. 
Yet even assuming the market has no doubts about the seasonally adjusted headline number, as appears to be the case, the other problem that has emerged for the Fed is how to ignore this strong number. As Bank of Tokyo's Chris Rupkey writes, “Let’s see Yellen get out of this one and find something in the data to once again not raise rates in September.” (We assume he did not see the unadujsted numbers.) 
As he adds, slowing 2Q GDP growth of 1.2% took Sept. rate hike “off the table” and now “the million dollar question” is whether 255k payroll jobs in July, 292k in June put it back on.  As a reminder, Yellen speaks exactly in three weeks time at Jackson Hole on Aug. 26; “let’s see if she provides some guidance." But while rate hike odds may have spiked after today's report, it is almost certain that, as we said last night, the Fed will not dare to hike the rate in September and potentially unleash market turmoil in the most sensitive part of the presidential race. 
As for a December rate hike, there are 4 months until then, and much can happen: who knows, maybe the BLS will even undo the significant seasonal adjustment boost that send July jobs soaring. - Zerohedge


Just remember, there are no markets anymore, only interventions, and for investors the axiom that was created in 2010 is still applicable today...

Don't fight the Fed. 

Thursday, August 4, 2016

Two major gold events for China and the Islamic world assure prices to skyrocket between now and October

With gold prices holding support levels over $1350, the markets are preparing for two major events are are sure to skyrocket prices between now and October.

Currently, the primary body on Islamic affairs which sets the framework for Sharia Law is in talks with the World Gold Council to change their long-standing restrictions for Muslims to own gold as an investment.  Once these restrictions are lifted, the potential of two billion Muslims entering into the gold sphere would have an even greater impact on the price than what we have seen over time in India where gold is a fundament of the nation's culture.

As a result, the World Gold Council is working with The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and Amanie Advisors to develop a Shariah Standard on Gold. This Standard will provide guidance from the Shariah perspective on the usage of gold in financial and investment transactions for Islamic financial institutions and participants. The Standard also aims to increase transparency and harmonisation regarding the use of gold in various market practices. 
We want to create a Standard that meets the requirements of all active participants in the market. The Standard will enable organisations to work more efficiently in creating Shariah compliant gold products, it will enhance access to gold in the Islamic world and it will help to address the liquidity management issues currently facing the industry. - Gold.org
With China, the game they are undertaking is a bit different as they are expected to announce their current gold holdings in preparation for the issuing of new Special Drawing Rights (SDR) bonds for the IMF.  And the result should be a shock to the markets as the West believes China only has around 1600 tons of gold in their central banks, but the real number is estimated to be between 15,000 and 30,000 tons.

The importance of their plans to issue SDR bonds is that it is a major blow to the U.S.'s control over the global reserve currency and to dollar hegemony, and will give nations who are disgruntled with having to purchase dollars simply to transact in the global economy the power to bypass this method and go through China under a new reserve system using the SDR.

Wednesday, August 3, 2016

As European banks continue to collapse following the stress test, gold buying accelerates on the continent for investors seeking safe havens

Another day, another severe decline in European banks stocks.  This has become the norm in Europe ever since the stress test results have shown that a large majority of financial institutions on the continent are either under-capitalized, or flat out insolvent.

And as investors rush to find any type of safe haven asset in the midst of new central bank stimulus threats and negative interest rates, the one place they are turning to en masse is the one asset that protect one's wealth above all others.

Gold.


Gold prices have bounced back from recent dips and are likely to continue to climb as investors seeking haven from market turmoil in Europe pour money into the precious metal. 
James Butterfill, executive director and head of research and investment strategy at ETF Securities, said gold has proven to be resilient since the U.K. voted to leave the European Union in June. 
"Since Brexit, we've seen $1.5 billion of inflows into our gold product. Clearly, gold is popular," he said on CNBC's Squawk Box. - CNBC

Presidential candidate Donald Trump tells supporters to get out of the stock market and sell their 401K's

Most people know that Donald Trump is a highly successful real estate mogul and brand marketer, but interestingly, his prowess for winning has often not manifest itself in the equity and stock markets.  There could be numerous reasons behind why he has failed in this arena but the most probable is that he is not one of the 'insiders' like Warren Buffett, who latches on to government institutions for certain 'insights' into the direction of market industries and executive policies.

So with the Donald not being a big fan of stock markets, it should come as no surprise that the interventions (by the Fed) and manipulations (High Frequency trading computers) that comprise the bulk of equity market trading have led him on Aug. 2 to tell his supporters to not only get completely out of stocks, but to also divest their 401K's before the markets inevitably collapse.

Well, we are now almost exactly three months away from the November 8 election, and if Trump wants to really boost his chances, a market crash right now would be certainly most welcome by his campaign. 
That may be why Trump on Tuesday urged his supporters holding 401-(k) to get out of equities as interest rates set by the Federal Reserve are inflating the stock market. 
“I did invest and I got out, and it was actually very good timing,” the Republican presidential nominee said in a phone interview with Fox Business. “But I’ve never been a big investor in the stock market.” “Interest rates are artificially low,” Trump said. “The only reason the stock market is where it is is because you get free money.” 
Trump also warned of "very scary scenarios" ahead for investors. - Zerohedge

Tuesday, August 2, 2016

Gold fills the gap and has now moved up to its best price in three weeks

Over the past two weeks, the gold price had fluctuated between $1300 and $1330 as the post-Brexit rally appeared to stall a bit from its move towards $1400 per ounce.  But as we noted here in a previous post, the lull in gold moving higher appeared to be due to the markets waiting for buyers to fill the gap, and sellers to finish taking some profits.

Since the end of last week, gold has moved back up over $1350 and is on its way towards crossing the two year high of $1374 that it achieved within the past two months.  And if it can sustain that price, there is little resistance between here and around $1420.

Gold traded at a three-week high in London Tuesday on the back of a weaker dollar and uncertain timing for a rate increase by the US Federal Reserve. 
Spot gold traded up 0.40 per cent at $US1.358.78 per metric ton in midmorning European trade, its highest point since July 11. 
The WSJ Dollar Index, which measures the dollar against a basket of other currencies, was trading down 0.33 per cent on Tuesday. A weaker dollar makes dollar-denominated commodities, including gold, more affordable for investors who hold other currencies. 
Gold has risen in recent days on the back of a weaker-than-expected 1.2 per cent growth in the US gross domestic product in the second quarter. - The Australian

Military goes fascist as Pentagon appoints media and tech CEO's to advisory roles at Defense Department

It is one thing for the Department of Defense to work hand in hand with corporations that build and equip the largest military in the world, but it is quite another when they appoint civilian tech CEO's who have a long history of abusing our personal data to roles on a defense advisory board.

On Aug. 1 the Pentagon added Jeff Bezons, CEO of Amazon and the Washington Post, along with President Obama's chief attack dog Cass Sunstein, to an advisory board that already includes Google CEO Eric Schmidt.

The Pentagon’s increasingly eclectic Defense Innovation Advisory Board has reached full strength, with celebrity astrophysicist Neil deGrasse Tyson and Amazon.com founder Jeffrey P. Bezos among the latest named to a group that includes some of the private sector’s most successful leaders. 
Defense Secretary Ashton B. Carter established the board in March with Alphabet chairman Eric Schmidt as its head. Already, some of the members have spent time with airmen in Nevada and sailors in San Diego, and they’ll meet with other service members Tuesday at Fort Bragg, N.C., and Wednesday in  Tampa, at the headquarters of U.S. Central Command and U.S. Special Operations Command, Carter said. - Washington Post
So the Pentagon now has the head of a media outlet, the top internet search engine, and a progressive activist lawyer who once said that the government should infiltrate websites and chat rooms to vilify and attack anyone in opposition to the government narrative to advise the military on the future of innovation and control.

And for what purposes would these tech, media, and social media magnates have with our military?  Good question, but historically we have seen this before.
“It is the absolute right of the state to supervise the formation of public opinion.” 
“We shall go down in history as the greatest statesmen of all time, or as the greatest criminals”- Joseph Goebbels, Head of Hitler’s Ministry for Public Enlightenment and Propaganda

Monday, August 1, 2016

Gold supplies declining as the cost to mine the metal continues to increase nine years after reaching Peak Gold

It was determined back in 2007 that the world had reached the point of Peak Gold, which means that the majority of easily accessible metal had already extracted from the earth and that going forward, mining costs would invariably increase just to be able to get smaller and small amounts from new gold discoveries.

Eight years later, analysts are now predicting that the industry has reached a new plateau of Peak Gold Production, and that supplies to the market will continue to decrease as well, leading to a drive up in price as demand remains steady and supplies dwindle.

This year gold has traded so strongly with the jitters in other markets that it’s easy to forget its own fundamentals. 
And that might be a mistake. Because they are looking interesting. 
Discoveries peaked in 2007 and production will shortly do the same, according to Canadian investment firm Sprott Asset Management. New finds have collapsed between then and now, but not for want of looking. Indeed, “exploration budgets rose 250% from 2009 to 2012,” Sprott’s gold team wrote in a recent note. 
It looks as though 2015 may be the peak year of global production - about 95 million ounces. On an annualised basis, the decline would be about 2.2% a year out to 2024 it said. 
This will be supportive of gold prices, which are already up more than 24% this year. But it also looks interesting for miners. It is likely that there will be a “significant wave of M&A (mergers and acquisitions) within the industry” because “companies need to replace both reserve and production ounces”. - News Markets
As the economy and banking systems tread water in their reliance for continuous quantitative easing and negative interest rates, more and more people who have discounted gold for many years will one change their tune and seek the security of wealth protection that only gold can provide.  And when that day soon comes, the problem that will hang over them is not if they can afford the price of buying the metal, but will there be any metal available to them when the flood gates open from the rise in consumer demands.