The Israel Deception

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

Friday, September 16, 2016

As China prepares to announce their gold reserve amount by end of the month, debate over gold backed Yuan increases sharply

As part of their requirements to enter into the SDR basket of currencies in October, China will soon be revealing the quantity of their gold reserves sometime between now and Sept. 30.  And with them also recently being appointed the managers of the M SDR internationalization program, debate over China implementing a gold backed currency is once again increasing at an accelerating rate.

At the heart of the discussion is how China is using their growing geo-political power to integrate 3rd world nations, especially those in Africa, in moving forward despite not having the economic finances to expand their infrastructure base.  And to date this has been shown to be moderately successful in a myriad of different ways, and could be the catalyst for catapulting a gold backed Yuan using their growing alliances and Silk Road strategies to envelop a large portion of the world under a financial umbrella that would be impervious to U.S. and Western subjugation.

In his March interview with CCTV the geostrategic analyst highlighted that China is "facilitating trade and development for Third World nations in ways major Western funders could not." Beijing is interested in boosting logistic networks in Eurasia and therefore it founded the Asian Infrastructure Investment Bank (AIIB) to fund the projects. 
Furthermore, "China may also offer barter trades in lieu of cash transactions for rail infrastructure projects, as was the case with Thailand. It seems to work. For cash-strapped economies, barter may emerge as an essential instrument of regional economic stability and a 'gold yuan' may help facilitate such a paradigm shift," Maavak elaborated speaking to Sputnik. In the context of the ongoing Eurasian integration, the RIC (Russia, India and China) nations may "weaponize" their gold holdings to ring-fence the Greater Eurasian geo-economy, according to the analyst. - Sputnik News
Whether it is through a gold backed SDR, or a gold backed Yuan, the world is rushing towards a return of some form of a gold standard.  And unfortunately for the West, which has been spending their currencies bailing out their banks and propping up their stock markets, China has been the one cultivating economic partnerships that when the time comes, could catapult them into becoming the masters of the next global financial system.

Thursday, September 15, 2016

Got gold? Goldman Sachs and Wells Fargo scandals show why it is no longer safe to store your wealth in a bank

Within the past seven days two major banks revealed why it is no longer safe to hold your wealth in financial institutions.  First with the Wells Fargo fraud scandal, where employees opened over a million fake accounts under real people's names to commit identity theft, and then with Goldman Sachs, who was discovered to have re-hypothicated customer deposits to use in making risky and speculative bets in the stock markets, the bottom line is that there are few protections available for depositors to protect their money in a bank today.

All this shows that not only have the regulators and the government accomplished nothing in 'fixing' the problems that allowed banks to commit fraud and crimes at will, but now they have given many of them some legal justification to do so... as in the case of Goldman Sachs where the Dodd-Frank Wall Street Reform Act turned your deposit into an unfunded liability that allows banks to do with your money as they see fit.

goldman sachs
As Goldman Sachs Group Inc (GS.N) has built its U.S. consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman‘s ambitions for the retail bank. 
Led by 40-year-old Goldman partner and credit trading veteran Gerald Ouderkirk, the team’s job is to use consumer deposits and other types of funding for trades, investments and big loans to earn profits, people familiar with the matter told Reuters.
It is no longer a matter of being prepared to deal with taking your wealth out of a bank only when a potential financial crisis appears on the horizon, as the possibility of you losing your money during even normal times is now just as great.  And in the end it is our responsibility, and not our brokers, bankers, or our government's, to protect our wealth and to know the playing field as it exists following the changes that took place after 2008.

Got gold?

Wednesday, September 14, 2016

Gold authorities looking to ways to get airlines to ban transporting gold in carry on luggage

With governments using both high taxation and import restrictions to try to dissuade people from moving out of their fiat currencies and into physical precious metals at the same that these same governments are embarking on devaluing their currencies through zero or negative interest rates, the natural reaction has been a rise in smuggling to try to bring metals like gold and silver into restricted markets.

And similar to how some ivory tower economists now want to ban physical cash using spurious reasons like money laundering and its use in illegal activities, a group of gold authorities now want airlines to ban the transportation of gold by gold holders in their carry-on luggage.
Leaders of the global gold industry have called on airlines and aviation authorities to ban the transport of the precious metal as hand luggage to reduce the risk of smuggling, which is said to be costing billions of dollars a year in lost government revenue. 
They want gold to be shipped only as hold cargo, which would allow for "proof of responsible sourcing" and lift what is regarded as a threat to miners’ employment and mining companies’ profits. 
Delegates at the Africa Dubai Precious Metals Forum, held in Accra, Ghana, agreed on a "call to action" to airlines, air transport companies and the global air authorities to "ban the hand-held personal carriage of gold in favour of adopting a cargo-only policy". 
The cabin transportation of gold is generally legal around the world, subject to airline weight restrictions and customs regulations. Gold bars and finished jewellery are often flown between manufacturing and retail centres, including Dubai. - Thenational.ae

Monday, September 12, 2016

Why invest in gold? Because contrary to popular belief, the government can end the insolvent Social Security at any time

Prior to FDR's creation of Social Security in 1935, people relied upon their families to take care of them in their retirement years.  And in fact, there were no expectations of a 'benevolent government' using the General Welfare clause of the Constitution to do for them what was their responsibility since the beginning of time.

But with the advent of Social Security, the government opened the door to a whole myriad of programs to virtually take care of people from cradle to grave, and has used the power of taxation to force everyone to pay into it whether they wanted to, or even needed to at all.

It is now 80 years later following this momentous act passed during the height of the Great Depression, and because of a combination of Demographics and Congressional greed, the program is insolvent and by some analyst's measures, could be completely bankrupt as early as 2017.  And the real question that has to be asked is, is the government responsible for providing these retirement benefits no matter what, or can they simply dissolve the program at will if they decide they can no longer afford to pay for it?

The answer unfortunately may scare some people, because the question itself was resolved back in the 1950's by the Supreme Court.

Most people see Social Security as a contract between themselves and the government. You pay money into the system, and the system pays it back at a later date—guaranteed by law. 
But nothing could be further from the truth… 
You have no choice when it comes to paying your Social Security tax. It comes out of your paycheck automatically. 
But did you know the government isn’t under the same rigid contract? 
In fact, by ruling of the United States Supreme Court, the federal government is under no obligation to pay you a Social Security check. 
This is the clear precedent set in the case of Flemming v. Nestor
Ephram Nestor was an immigrant from Bulgaria. He moved here in 1918 and paid Social Security taxes from the very beginning of the program in 1936. 
In 1955, when he retired, Nestor began receiving Social Security checks for $55.60 per month. 
But, just one year later, Nestor was deported. Turns out, he’d been an active member of the Communist Party in the 1930s, giving the U.S. government grounds to kick him out. 
When he was deported, his Social Security checks stopped. Nestor sued the U.S. government, arguing that, since he had paid money into the program, he had a right to those benefits. 
The Supreme Court ruled against Nestor, saying the government had the right to terminate Social Security at any time. 
The people who sign the Social Security checks sum it up this way: 
[Nestor] appealed the termination, arguing, among other claims, that promised Social Security benefits were a contract. In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not a contractual right. 
Takeaway: You have no contractual right to Social Security. 
That historical precedent means it has the power to cut Social Security anytime it wants. - Casey Research
So while politicians deceive everyone into thinking Social Security is guaranteed to them for the tens of thousands of dollars they have paid in taxes to be eligible for a retirement payout, the truth of the matter is Congress's only obligation is their right to tax you as they see fit, and even to keep on taxing you whether they pay out social security benefits or not.

And it is why nothing has ever changed in life... and it is you and I who are responsible for our own retirement savings programs.

Got gold?

Saturday, September 10, 2016

Wall Street fund manager who hated gold suddenly telling clients to buy the metal due to inflation expectations

With both the Fed and the government continuously putting out false data reports to support the political establishment, it is sometimes difficult to find out the true state of the economy and the myriad of indicators that drive the markets.  For example, last Friday the August jobs reports came in much lower than expected, and manufacturing declined to its lowest levels in six months, but an analyst from Goldman Sachs went on CNBC and stated their bank had raised the odds of a rate hike from 40% to 55%.

So quite often the best way to gauge the true condition of markets and the economy is to watch what the rich are doing, especially if they engage in a trend that is counter to what they have done previously for months or years at a time.  ie... when several hedge funds and billionaire investors went long into gold starting back in February as a counter to negative interest rates in the bond markets.

And on Sept. 9, a former Chief Investment Strategist for Merrill Lynch, and long-time hater of gold as an investment did a 180 and is now advocating his clients to purchase gold primarily out of expectations that higher inflation is right around the corner.

Rising inflation expectations have attracted an unlikely investor to gold. 
Richard Bernstein, who has spent more than 35 years on Wall Street, is buying gold for his clients' portfolios for the first time. 
"My firm and I are not gold bugs," said Bernstein, a former chief investment strategist for Merrill Lynch who started his eponymous firm in 2009, at the Morningstar ETF conference on Thursday. "Most of the people who tell you stories about gold are people trying to sell you gold funds and gold ETFs, and those stories are not based on reality at all." 
But when Bernstein quizzed conference attendees on the right time to buy real assets, like metals, he revealed the reasoning behind a gold buy for a guy who thinks it's 'wampum.' 
The answer: "You buy real assets when inflation expectations are starting to go up," he said. 
"For a long time, gold was really not a diversifier," Bernstein said. When gold prices hit new highs earlier this decade, gold had a positive correlation to stocks, meaning when stocks rose, so did gold prices. 
Gold has become slightly negatively correlated to the stock market, Bernstein said, and so gold adds extra ballast in a portfolio to hedge against volatility. "It's a change in the way we look at the world," Bernstein said. - CNBC

Friday, September 9, 2016

Anti-Wall Street group seeks to create a new transparent gold exchange using blockchain technologies

In his now famous book, Flash Boys, author Michael Lewis took real Wall Street individuals and fictionalized them to paint a picture of just how manipulated the paper trading markets really are,

Now those who were represented in Lewis's book are seeking to go head to head against the fraudulent banks and exchanges by creating a new gold exchange that would run with full transparency, and use blockchain technology to accomplish this.

IEX Group, which rose to prominence with its bid to shake up stock trading in the United States, now aims to do the same in the more than $5 trillion-a-year gold market with a new exchange being created by its spinoff TradeWind Markets, a board member of the new venture said on Tuesday. 
The protagonists of Michael Lewis's book, "Flash Boys: A Wall Street Revolt," are planning a gold exchange that would use elements of blockchain technology to improve transparency and the clearing and settling of trades, said Matt Harris, a managing director at Bain Capital Ventures. Bain has an investment in IEX. 
Blockchain is a tamper-proof shared ledger that can automatically process and settle transactions using computer algorithms. 
TradeWind Markets began as an internal project of IEX and was spun off as a separate firm earlier this year. In June, the startup raised $9 million, according to a regulatory filing with the U.S. Securities and Exchange Commission. A person familiar with the operation who asked not to be identified because the plans are not public, said the funding came from IEX and Sprott Inc, a Canada-based investment firm that manages physical bullion funds. A lack of transparency is one of the problems that makes the gold market ripe for change, said Harris, who is on TradeWind's board. - Reuters
The introduction of the Shanghai Gold Exchange in Chain last year changed the game for physical gold trading, and created a crack in the long-standing Western control over the gold price.  And with the advent of a new and trusted gold exchange being built that would be outside the controls of the banks that run them now, and functioning on blockchain technology, it could cause miners, refiners, and producers to move away from contracts and delivery with London and the Comex and instead sell metals directly on this new exchange, allowing prices to rise and fall according to the free market, not price manipulations.

Wednesday, September 7, 2016

Be very careful in how you setup your gold IRA because the IRS is watching you

As the price of gold begins its newest leg of a long running Bull Market, an interesting investment plan has emerged which allows individuals to cash out their equity based 401K's and transfer the cash tax free (for the moment) into a gold IRA that is not only backed by physical metal, but can be located within reach.

Many companies that are offering these plans also state that you can setup the account in such a way that you can actually hold the metals in your possession as long as they are separate from any other income or wealth you control.

But this addendum to the gold IRA is not completely accurate, and the IRS is now on watch for anyone who does not follow the process to the letter, and attempts to keep their gold or silver 'at home' and not in a regulated storage location.
Image result for gold if you don't hold it you don't own it
The Internal Revenue Service isn’t too keen on the recent advertisements suggesting retirement savers store their tax-free individual retirement account funds in gold at their house or in safety-deposit boxes, the Wall Street Journal writes. 
Storing Gold at Home: Legal, But with Caveats 
The statement from the IRS comes in response to a number of ads online and on the radio, such as one from Hartford Gold Group, suggesting investors can avoid stock market turbulence by investing IRA accounts in gold coins and bullion they can store where they like, including their home, according to the Journal. 
But the law on such practices is cloudy, the publication writes. 
For example, IRA assets can’t be stored in collectibles such as antiques, gems, artworks or wine, according to the Journal. On the other hand, it’s legal to keep IRA investments in coins and bullion-quality bars in metals such as gold, silver and platinum, the publication writes. 
But few IRA investment providers offer the option — Vanguard and Charles Schwab don’t allows their clients to invest IRAs in physical metals, according to the Journal. 
The IRS may be taking issue with just how difficult and expensive investing in physical gold could end up for the investor. Fidelity, which allows IRA investing in some coins and bullion, charges up to 2.9% to buy and 2% to sell the assets, and a further 0.125% quarterly storage fee, the publication writes. 
And keeping the gold at home is not an option: out of tax compliance considerations, Fidelity requires physical metals to be stored at a qualified facility and doesn’t let IRA investors take the gold out or even view it without notification from the IRA custodian, the Journal writes. 
Proponents of store-at-home gold say that IRA owners can legally keep their gold in a safe-deposit box or at home if they are the owners and managers of a limited-liability company that uses the funds from the IRA to obtain the gold, according to the publication. 
Some attorney says this structure would allow investors to store coins owned by the LLC at home — but for bullion, they would still have to store it in an LLC-owned safety-deposit box, the Journal writes. 
Home storage can get pricy, too: one professional whose company provides paperwork for at-home storage of IRA gold charges $400 to $1,200 to set up such an LLC, according to the publication. 
And because the issue of LLC ownership by IRA has no legal precedent, companies advertising home storage of IRA gold are careful to note that they don’t provide legal advice, the Journal writes. - Wall Street Journal

Negative interest rate blowback: businesses in Switzerland having to take out insurance on their money already stored in banks

When central banks implement monetary policies never tried before, there are always ramifications that take place that no one could have forecast.  For example, in both Germany and Japan there has been an incredible run on safes because individuals are flocking en masse to get money out of the banking system and store it within their domiciles to avoid negative interest rate (NIRP) fees or bail-ins.

But in Switzerland the consequences of NIRP have sparked a different reaction as businesses holding large amounts of deposits in their banks are taking out insurance on their money that they currently keep in a bank.

Why?  To mitigate the losses the banks will take from them due to negative rate fees.

Only unlike Japan and Germany, the Swiss are much more subtle about their cash hoarding than telling the neighborhood they have a stash of cash in their home by publicly buying a safe; instead, as Bloomberg reports, more and more companies are taking out insurance policies to protect their cash hoards from theft or damage
"Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash," said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. "We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs.
Where the Swiss also differ from many other nations is that numerous local banks have already passed on negative rates to their wealthiest customers. The SNB imposed NIRP in early 2015, charging banks for excess deposits. Many lenders including UBS Group AG and Credit Suisse Group AG have passed on at least some of the burden, they don’t disclose how much, to cash-rich clients like asset managers and big companies. 
Meanwhile, a fascinating arbitrage has emerged between NIRP and insurance costs: Helvetia Holding said it charges about 1,000 francs ($1,020) a year to insure 1 million francs, a fraction of the 7,500 francs a company would pay to park the same amount in a bank for a year, assuming the lender passes on the full charge. While that amount doesn’t include the cost of logistics such as transport or security features like reinforced walls, guards and alarm systems, those may not be an issue for the wealthiest clients who already own their own safes and have their own means of transportation of the physical cash. - Zerohedge
Perhaps instead of paying out extra money each year to insure your money from confiscation, loss of purchasing power, and other consequences of NIRP, businesses and individuals should instead store their excess reserves in physical gold, which is much more easily stored in a safe, and is a silent rebellion to the policies of central banks who no longer have any idea what they are doing.

Tuesday, September 6, 2016

Despite declines in gold price in August, demand for the metal hit a four year high

Now that the summer market doldrums are over following the turning of the calendar on Labor Day, gold is acting as it normally does heading into its biggest price months of the year.

In fact, so far on the first trading day in September, gold is up over $14 and should go much higher very soon since economic data from manufacturing just about assured there will be no Fed rate hike when the FOMC meets later this month.

Live New York Gold Chart [Kitco Inc.]

Yet despite the fact that gold lost some of its gains during August, an interesting statistic emerged on Sept. 6 which puts alot into perspective for the rest of the year.  And that is that demand for gold by individuals hit a four year high last month, meaning that new support is now in the market to take gold much, much higher.
Private investor appetite for gold hit a four-year high last month, swelling net purchases on the BullionVault trading platform by almost half a tonne. 
The financial jitters triggered by the Brexit vote and record low interest rates have spurred demand for the safe-haven commodity over recent months, driving total holdings at BullionVault to 35.7 tonnes. 
Although the number of private buyers slipped 6pc in August, those willing to reduce the holdings they have built up over summer dropped 49pc to boost the net demand. 
As a result BullionVault's Gold Investor Index up to a new 3-year high of 56.0, reaching its highest level since April 2013 from July's 53.4 reading.
Adrian Ash, head of research at BullionVault, said: “Private investors continue to grow their gold holdings against a trend of both rising prices and rising financial risks. 
“Last time net gold investing demand was this strong, prices were retreating hard from the late 2012 rally. August 2016 in contrast marked the fourth time running that average monthly gold prices rose against the dollar, a pattern not seen since the metal peaked with the global financial crisis in summer 2011." - Telegraph

Barack Obama went to Washington and all the American people got was $20 trillion in debt

When Barack Obama took office in January of 2009, the National Debt sat at $10.62 trillion dollars, where much of it is directly attributed to his predecessor George W. Bush, who practically doubled the debt from 2001-08 through multiple wars engaged upon in Afghanistan and Iraq.

But as we come to the end of Obama's eight years in office we are now entering a new era of debt creation, and one where little at all was done to try to stem both the flow of borrowing, and the winding down of Washington's eternal wars.  And as the National Debt crosses over $19.5 trillion on Sept. 1 of this year, it is estimated that the nation will breach the $20 trillion mark by the time the President ends his White House tenure in January of next year.

Image result for u.s. national debt explosion under obama
Earlier this week, the US national debt hit $19.5 trillion, for the first time ever. Since January 2016, it has increased by $500 billion, according to the US Treasury. 
US Federal Debt to Rocket to $28.2 Trillion Over Next Decade In 2009 when Barack Obama became president the debt was $10.63 billion. Currently, the debt ceiling has been suspended until mid-March which means the debt will rise further. "The total national debt when Obama leaves office in January is expected to approach $20 trillion by then," an article on Washington Examiner read. - Sputnik News
Unfortunately for the U.S. as well, the economy has declined overall at the same time debt has skyrocketed over the past eight years.  In fact, Barack Obama will become the first President in history never to have a single year in office see an annual GDP growth rate over 3%.
Barack Obama remains solidly on track to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent.  Every other president in American history, even the really bad ones, had at least one year when U.S. GDP grew by at least 3 percent.  But this has not happened under Obama even though he has had two terms in the White House. 
The following are the yearly GDP growth numbers under Obama.  They come directly from the official website of the World Bank… 
2009: -2.8 percent2010: 2.5 percent2011: 1.6 percent2012: 2.2 percent2013: 1.5 percent2014: 2.4 percent2015: 2.4 percent 
Does that look like a “recovery” to you? - Economic Collapse Blog
Image result for u.s. debt to gdp 2009 - 2016

The 1990's became known historically for Japan as the Lost Decade, and they have never recovered their economic might that turned them into the second largest economy in the world during the 1980's.  And unless something major changes for the next Presidential administration here in the U.S., this current ten year period for America will become its own lost decade, and signal the end of what was once the greatest economy the world had ever seen.