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?

Sunday, July 1, 2018

U.S. and London's domination over the gold price may be numbered as Dubai posts a new record for gold trading

With the advent of the Shanghai Gold Exchange becoming the world's largest physical gold market, it is only a matter of time before the U.S. and London lose control over determining the global gold price.  And perhaps that time may be coming sooner than analysts think with news out on July 1 that Dubai just experienced their greatest amount of gold trading in their history.

Dubai Gold and Commodities Exchange (DGCX) has recorded its best ever first half in its 13-year history, trading over 11,300,000 contracts so far in 2018, up 44 per cent year-on-year (Y-O-Y).  
Traded value for the first six months of 2018 breached $250 billion for the first time too, said a statement from DGCX.  
The exchange’s record-breaking performance was sealed following a robust month of trading in June, which saw 2.04 million contracts traded, up 74 per cent from June last year. This month's traded value reached $42.3 billion. - Zawya
With little eligible gold to backstop their contracts, both the Comex and LBMA markets are little more than derivative trading platforms used by central banks to depress the price of gold, and prop up fist currencies like the dollar and euro.

At a certain point when China achieves critical mass with their new Yuan-denominated oil contract, it is expected that gold will be used as a backstop for the currency in aiding to replace the Petrodollar system.  And when that time comes, Middle Eastern gold markets such as the one in Dubai, and Asian ones in Shanghai and Hong Kong, will become the new standard for price setting since them who actually hold the gold do make the rules.

Gold holders need to continue to ignore the manipulated paper spot price as nations and pension funds ditch ETF's for physical gold

In finance as in physics, there is always an equal and opposite reaction anytime natural forces are corrupted by either 'acts of God' or human engineered manipulation.  And perhaps no current market is showing this truth better than with the gold market.

With the Comex having to ship their paper contracts over to the UK at an ever increasing and alarming rate because their price manipulation has far exceeded the physical stock backing these contracts, the decline in spot prices has allowed nations, central banks, and now even pension funds to find it more lucrative to ditch ETF's in favor of acquiring physical gold.

Another country is betting on physical gold. Switzerland's pension fund has boosted its investments in bullion, switching from the paper-backed securities in US dollars.  
“The Swiss government Pension System decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. The 700 million only stands for 2 percent of the total assets, but it is quite a surprise that they do this,” Claudio Grass, an independent precious metals advisor and Mises Ambassador told 
According to Grass, it is a strong signal that people should take seriously, since a pension fund is an investment vehicle that has a long-term strategy. 
“Physical gold is the best way to hedge as well as to accumulate wealth over decades. If you would have purchased for $100,000 gold in mid 70ties the holding without doing anything would be worth more than $2 million,” the analyst said. Another factor why the pension fund demanded physical gold was that they understand that paper gold just represents a claim on gold in a highly paper-leveraged gold market, Grass explained. - Russia Today
Ironically very few individuals or institutions are actually selling their physical gold back into the markets, but what is saving the gold paper scheme is the combination of contract holders not demanding widescale delivery, and the public not getting in at these depressed prices due to their price momentum over value mentality.  However this may soon change since the fundamentals for another financial and liquidity crisis are rearing their heads even now, and the amount of contracts the U.S. must offshore to sustain their own paper markets is quickly reaching dire proportions.

Friday, June 29, 2018

Here is the reason why the Democrats are going absolutely nuts over abortion in light of an upcoming new Supreme Court Justice

With so many problems and issues plaguing America here in 2018, one has to ask a rather curious question following the announcement by Supreme Court Justice Anthony Kennedy of his pending retirement... why are so many Democrats going absolutely nuts over the fear that the next Justice could overturn the right for women to have an abortion?

The answer to this lies in the fact that the 1972 Roe v. Wade ruling is extraordinarily tenuous.  By this I mean that the right to abortion is not a Constitutional right, nor is it a law enacted by the legislature.  No the right for women to solely decide on the outcome of their reproductive process is based simply on the opinions and decisions of Justices 40 years ago at a time when America was on fire with activism and civil rights fervor.

In any and every society, the pendulum swings back and forth over time from liberalism to conservatism, from morality to anarchy, and of course, back again the opposite way.  During the 1950's America was a strongly religious and moralistic society that one decade later turned into one of extreme radicalism and change.  Additionally, the 1980's, 90's, and 2000's were one of greed and materialism only to be followed after the 2008 Financial crisis by one where the rich are vilified, and the millennial generation is decidedly non-materialistic.

The Democrats in Congress are desperate to try to cowtow President Trump into appointing a moderate or even liberal Justice to the Supreme Court to protect their monopoly of liberal rulings.  And perhaps most interestingly, some are using the straw man of demanding the next judge rely primarily on precedent rather than the Constitution itself in deciding cases.
U.S. Senate Democratic leader Charles Schumer said on Wednesday the Senate should reject any Supreme Court nominee put forth by President Donald Trump who would vote to overturn the Roe v. Wade abortion decision or "undermine" healthcare protections. 
In a speech on the Senate floor shortly after Supreme Court Justice Anthony Kennedy announced that he was retiring, Schumer said, “The Senate should reject on a bipartisan basis any justice who would overturn Roe v. Wade, undermine key healthcare protections.” Schumer said. - WDEZ
The irony of course is that if Supreme Court Justices relied solely on precedent, then blacks in America would still be under Jim Crow laws in some areas since the right to separate but equal came from a Supreme Court ruling on the issue back in 1896 via Plessy v. Ferguson.
Plessy v. Ferguson, 163 U.S. 537 (1896), was a landmark decision of the U.S. Supreme Court issued in 1896. It upheld the constitutionality of racial segregation laws for public facilities as long as the segregated facilities were equal in quality - a doctrine that came to be known as "separate but equal".
Yet because the Supreme Court in the 1950's saw that separate but equal was not legal under the Constitution, the Justices overturned Plessy v. Ferguson in their landmark Brown v. Board of Education ruling which made discrimination through color or race illegal.

It has been estimated that ever since Roe v. Wade was passed 46 years ago, over 60 million American children have been aborted in the womb, and primarily because of convenience versus any potential health issue to the mother.  And with much of the industrialized world undergoing a radical change where birth rates in Europe, Russia, Japan, and even the United States have dropped below replacement levels, the fact that abortion on demand has become easy due to the opinions of a single court back 40 years ago that a woman could hold the power over life and death in regards to the natural cycle of reproduction has inevitably created a scenario here in the 21st century that could see the end of one or more civilizations as we know it if it is allowed to continue.

Thursday, June 28, 2018

2008 part deux: Global financial system rushing headlong towards a combined debt and liquidity crisis

For all intents and purposes the global financial system died in October of 2008 following a liquidity crisis that was only stemmed through the interventions of governments and central banks.  But in the aftermath of that crisis, these same entities would need to continuously fuel the system with ever increasing amounts of debt and liquidity just to prop up the dead financial corpse.

10 years later the world once again appears to be standing on that same liquidity precipice, only this time it is much, much worse since it is being coupled with a global debt crisis that is exponentially spiraling out of control.  And sadly because central banks themselves are virtually insolvent by having so much debt on their balance sheets, it is not only the banks that stand to lose when the whole scheme starts to collapse.

Emerging-market debt crises are as predictable as spring rain. They happen every 15-20 years, with a few variations and exceptions. 
It has been 20 years since the last EM debt crisis and 10 years since the last global financial crisis. EM lending has been proceeding at a record pace. Once again, hot money from the U.S. and Europe is chasing high yields in EMs, especially the BRICS (Brazil, Russia, India, China and South Africa) and the next tier of nations including Turkey, Indonesia and Argentina. 
Argentina’s ratio of debts and deficits to reserves is over 120%. The ratio for Venezuela is about 100%, and Venezuela is a major oil exporter. 
These metrics don’t merely forecast an EM debt crisis in the future. The debt crisis has already begun. 
Venezuela has defaulted on some of its external debt, and litigation with creditors and seizure of certain assets is underway. Argentina’s reserves have been severely depleted defending its currency, and it has turned to the IMF for emergency funding. 
Ukraine, South Africa and Chile are also highly vulnerable to a run on their reserves and a default on their external dollar-denominated debt. Russia is in a relatively strong position because it has relatively little external debt. China has huge external debts but also has huge reserves, over $3 trillion, to deal with those debts. 
The problem is not individual sovereign defaults; those are bound to occur. The problem is contagion. - Daily Recknoing
In just the past month Argentina received the largest bailout from the IMF in their history.  and Venezuela's attempt at an oil backed cryptocurrency appears to have stalled, with their inflation rate now sitting at 8100%.  In addition, the Fed is attempting to slow down expansion by raising rates and lessening their balance sheets, and Russia has just announced their are doing the same by raising taxes.

And then there is China... who's debt just reached $30 trillion earlier this month.

All this means of course is that the liquidity that helped spur on emerging market growth, and rebuild housing and equity bubbles around the world, is suddenly being shutoff.  And it was that same halt in liquidity back in 2008 that brought down the entire financial system in a little less than a week.
That whooshing sound you hear is the draining of $1.4 trillion worth of global liquidity.
Quantitative tightening, or the unwinding of central banks’ extraordinary stimulus, has been the primary driver of asset-class performance this year, Bank of America Merrill Lynch analysts say. The march higher in U.S. interest rates and tighter financial conditions mean securities that did well during quantitative easing, such as corporate bonds and emerging-market debt, are now underperforming, while “QE losers” have become stars. 
The year marks a shift in a tide of global liquidity that helped push up asset prices, according to Merrill Lynch’s analysis. Securities purchases from the Fed, European Central Bank and Bank of Japan are just $125 billion year-to-date, well below the $1.5 trillion run-rate of 2017, they estimate. That suggests markets are missing an injection of some $1.38 trillion thanks to policy makers changing tack. - Bloomberg
Central bank heads admitted back in 2008 they never saw the financial crisis coming, but contrary to the fact that as a whole they are telling the public that everything is fine, behind the scenes they are preparing for not only the collapse of the current system, but the advent of a new one.  And like back in October of 2008, it will come swiftly and nearly overnight, and if you aren't prepared now, you will not get the chance when the system you know today suddenly no longer exists. 

Cryptocurrency mania hits the NBA as Sacramento Kings turn their arena into a crypto mining operation

Perhaps it should not be surprising that since many in the rapper community have jumped on the crypto bandwagon, the sport most in their urban communities claim as their own has found crypto's also to their liking.  And on June 27 the Sacramento Kings have become the newest NBA franchise to embrace cryptocurrencies, even to the point where they are allowing their solar powered arena to be used as a crypto mining operation.

From a solar-powered sports arena, to bitcoin and now cryptocurrency mining, the Sacramento Kings are back at it, setting the stages for yet another technological blueprint in the technology sector. The NBA organization announced Wednesday, that it has partnered with global cryptocurrency leader,, to become the first sports team in the world to mine digital currency. That’s right, the Kings can add another “first’ to its scoreboard of ever-growing technological innovations. 
The Kings are going crypto! The NBA is going crypto! And, so should fans! - Forbes
While the Sacramento Kings franchise appears to be the first NBA team to embrace cryptocurrencies, their owners are not the first to see crypto's and the blockchain as a potential vehicle to help the sport.  No that trophy goes to Dallas Maverick's owner Mark Cuban who last year signed on to co-found a blockchain based sports betting ICO using the proprietary UniKoin platform.

Wednesday, June 27, 2018

The Daily Economist update for June 27 2018 - Financial Markets and Economic Wrapup

It only took two years, but now a majority of Americans believe the Mainstream Media is Fake News

When CNN attempted to create a narrative that the Alternative Media was Fake News, then Presidential candidate Donald Trump cleverly co-opted that term and turned it against the Mainstream media itself.  And very quickly, the public more and more began to scrutinize CNN, ABC, NBC, MSNBC and the like and found more often than not that much of what they publish or broadcast was indeed manipulated news.

Now less than two years into his Administration, we can add another 'Win' to the Trump column as a new poll out shows that the majority of Americans fully believe the Mainstream Media is guilty of creating fake news, with even 53% of Democrats coming to this realization.
In what looks like a validation of the growing public expressions of anger directed at members of the media, a new Axios poll found that nearly all (a staggering 92%) of Republicans and Republican-leaning independents believe that mainstream media organizations knowingly report false or misleading stories, at least occasionally. And while Democrats proved to be the most credulous group, a majority still doubt that US media organizations are 100% credible. 
All told, 72% of respondents said they believe mainstream media organizations to be knowingly misleading. Other studies from Gallup and Pew Research Center have drawn similar conclusions, with Democrats, unsurprisingly, revealed as the only group that still has any substantial level of trust in the media. Back in the 1970s, trust in media rose as high as 74% during the aftermath of Watergate. - Zerohedge
For years trust in the media has been nearly as low as trust in politicians, with a majority of voters even believing that they carry political bias towards both candidates and parties.

Thanks to exposes that validate even the CIA participates in constructing narratives within the mainstream media, the alternative media has grown and evolved to become some of the best journalism in the West.  And it appears now that the tide has officially turned as the days of Walter Cronkite are over, and the era of George Orwell has begun.

Supreme Court dents Democratic Party slush fund as high court rules unions can't force non-members to pay

The hits just keep on coming from the new majority conservative Supreme Court since on June 27, the judicial body ruled that stats and unions can no longer force non-members to have to pay dues or fees if they so choose.

Long believed to be more of a Democratic Party slush fund since a study showed that 99% of member dues actually went to liberal politicians and causes rather than supporting the union activities, this ruling will have a serious affect on lobbying, campaign contributions, and activist organizations.

An exhaustive new study from the Center for Union Facts (CUF) crunched the numbers on union political spending, tracking down where members’ dues ended up. Nearly $140 million — about 99 percent of all union political contributions — went to Democrats and liberal causes, the study found. 
“I believe what this illustrates is that union members have very little control over their own dues money, which is supposed to be for collective bargaining — but a whole lot of it is going to political causes and political advocacy,” says Richard Berman, executive director of CUF. 
Planned Parenthood and its advocacy nonprofit received $435,000 in 2014 from unions spending their members’ dues. Most of it came from the American Federation of State, County, and Municipal Employees, CUF says.
In 2014, major unions also gave more than $680,000 to Al Sharpton’s tax-indebted nonprofit, the National Action Network, and more than $108,000 to Jesse Jackson’s Rainbow/PUSH Coalition. - National Review
Besides using the majority of their dues/fees for political reasons, a large number of unions are also being scrutinized for mishandling billions of dollars in pension contributions, which have made union sponsored retirement programs extraordinarily underfunded.

As we come into the home stretch of the 2018 mid-term elections, an already underfunded Democratic Party just got hit with a sledgehammer of a ruling which will definitely hurt their campaign spending dreams, and balance sheet bottom lines.

Tuesday, June 26, 2018