Monday, October 24, 2016

Prominent Democrat Connected To Clintons Donated $675,000 To Campaign Of Deputy FBI Director's Wife

The latest allegation of potential impropriety and conflict of interest involving the Democratic Party and the FBI, which over the summer famously cleared Hillary Clinton of any criminal wrongdoing as relates to her personal email server, comes not from a Podesta email or a Wikileaks disclosure, but the WSJ which overnight reported that the political organization of Virginia Govenor Terry McAuliffe, an influential Democrat with longstanding ties to Bill and Hillary Clinton, gave nearly $500,000 to the election campaign of the wife of an official at the Federal Bureau of Investigation who later helped oversee the investigation into Mrs. Clinton’s email use.

Campaign finance records show Mr. McAuliffe’s political-action committee donated $467,500 to the 2015 state Senate campaign of Dr. Jill McCabe, who is married to Andrew McCabe, now the deputy director of the FBI.

McAuliffe was prominently featured here most recently for his August decision to restore the voting rights of some 13,000 West Virginia ex-felons, an effort he was expected to continue until the voting rights for all 200,000 ex-criminals have been restored.

The WSJ adds that the Virginia Democratic Party, over which Mr. McAuliffe exerts considerable control, donated an additional $207,788 worth of support to Dr. McCabe’s campaign in the form of mailers, according to the records. That adds up to slightly more than $675,000 to her candidacy from entities either directly under Mr. McAuliffe’s control or strongly influenced by him. The figure represents more than a third of all the campaign funds Dr. McCabe raised in the effort.

Despite the boost in funding, after McAuliffe and other state party leaders recruited Dr. McCabe to run, she lost the election to incumbent Republican Dick Black.

A spokesman for the governor said he “supported Jill McCabe because he believed she would be a good state senator. This is a customary practice for Virginia governors… Any insinuation that his support was tied to anything other than his desire to elect candidates who would help pass his agenda is ridiculous.”

Among political candidates that year, Dr. McCabe was the third-largest recipient of funds from Common Good VA, the governor’s PAC, according to campaign finance records. Dan Gecker received $781,500 from the PAC and $214,456 from the state party for a campaign that raised $2.9 million, according to records; and Jeremy McPike received $803,500 from the PAC and $535,162 from the state party, raising more $3.8 million that year for his candidacy.

Seeking to clear away any speculation of impropriety and conflicts of interest , the FBI said in a statement that during his wife’s campaign Mr. McCabe “played no role, attended no events, and did not participate in fundraising or support of any kind. Months after the completion of her campaign, then-Associate Deputy Director McCabe was promoted to Deputy, where, in that position, he assumed for the first time, an oversight role in the investigation into Secretary Clinton’s emails.”

FBI officials said that after that meeting with the governor in Richmond on March 7, Mr. McCabe sought ethics advice from the bureau and followed it, avoiding involvement with public corruption cases in Virginia, and avoiding any campaign activity or events.

Mr. McCabe’s supervision of the Clinton email case in 2016 wasn’t seen as a conflict or an ethics issue because his wife’s campaign was over by then and Mr. McAuliffe wasn’t part of the email probe, officials said.

Of course, despite the prompt denial that this fund transfer was not out of the ordinary, the money was not refunded and will serve as the latest suggestion that "pay-to-play" is alive and well, and involves not just the judicial branch, but also the supposedly impartial FBI.

As the WSJ also notes, McCabe is a longtime FBI official who focused much of his career on terrorism. His wife is a hospital physician who campaigned in northern Virginia, where the couple live with their children. The 2015 Virginia State senate race was Dr. McCabe’s first run for office and her campaign spent $1.8 million. The race was part of Mr. McAuliffe’s failed effort to win a Democratic majority in the Virginia legislature, which would have given him significantly more sway in Richmond, the state capital.

Some more details:

Mr. McAuliffe has been a central figure in the Clintons’ political careers for decades. In the 1990s, he was Bill Clinton’s chief fundraiser and he remains one of the couple’s closest allies and public boosters. Mrs. Clinton appeared with him in northern Virginia in 2015 as he sought to increase the number of Democrats in the state legislature.
Dr. McCabe announced her candidacy in March 2015, the same month it was revealed that Mrs. Clinton had used a private server as secretary of state to send and receive government emails, a disclosure that prompted the FBI investigation.

At the time the Clinton probe was launched in July 2015, McCabe was running the FBI’s Washington, D.C., field office, which provided personnel and resources to the Clinton email probe.

The rabbit hole gets deeper: "That investigation examined whether Mrs. Clinton’s use of private email may have compromised national security by transmitting classified information in an insecure system. A review of Mrs. Clinton’s emails concluded that 110 messages contained classified information. Mrs. Clinton has said she made a mistake but that she never sent or received messages that were marked classified." We now know that also was incorrect.

At the end of July 2015, Mr. McCabe was promoted to FBI headquarters and assumed the No. 3 position at the agency. In February 2016, he became FBI Director James Comey’s second-in-command. As deputy director, Mr. McCabe was part of the executive leadership team overseeing the Clinton email investigation, though FBI officials say any final decisions on that probe were made by Mr. Comey, who served as a high-ranking Justice Department official in the administration of George W. Bush.

The paper concludes that "it was unclear the extent to which Mr. McCabe may have recused himself from discussions involving Mr. McAuliffe. When Mr. McCabe’s wife began her campaign, he shied away from involvement in Virginia public corruption cases, according to officials." He was, however, instrument in supervising Hillary's investigation the subsequently clearing her.

The punchline: "once the campaign was over, officials said, Mr. McCabe and FBI officials felt the potential conflict-of-interest issues ended."

- Source, Zero Hedge

Sunday, October 23, 2016

Diagnosis of Gold Correction: Normal

Murphy’s Law, applied to gold and silver: the price will fall right after you buy.

New GoldSilver Law: it doesn’t matter. Prices will be a lot higher in a couple years (and you should focus on how many ounces you own anyway).

As most of you know, gold and silver have been on a tear this year. Gold hit $1,363.75 (based on London PM fix) on August 2. But yesterday it fell to $1,253.45, what amounts to an 8.1% pullback.

As you’re about to see, this decline is completely normal. That’s not me saying so; that’s what history shows.

I have some data on corrections I want to share with you. The reason I’m sharing it is because I want us all to be prepared for what’s ahead…

The following charts look at the size and frequency of corrections during gold’s two biggest bull markets in modern history. First up is the 2001-2011 run. Look how many corrections there were and how big some of them got. I added our current pullback so you can put it in perspective.

In the bull market that saw the gold price rise a total of 645%, there were 19 corrections of 6% or more. Ten were in double digits.

The average of all those corrections was 12%. That means our current pullback is, so far, relatively minor by comparison.

Corrections are normal even during manias. Here's a chart of the pullbacks that occurred during the final two years of the 1970s parabolic advance. Notice not just the big drops but how quickly they occurred.

During the final phase of the gold mania—at a time when the price rose 392% in just 24 months—there were seven big pullbacks. The average was a 10.1% decline every three and a half months. And they were all very sharp—four lasted less than ten trading days, and all were over in less than a month.

So, in the two biggest gold advances in modern history, price corrections, even big ones, were completely normal.

This information gives us power…

There are three distinct facts we can take away from this data. If you tend to worry when the gold price falls, you may find the following points useful as we progress through what Mike and I are convinced will be a gold advance of historic proportions…

#1. We will never say goodbye to corrections.

History shows that volatility, both up and down, is normal during bull markets, even manias. What this means is that while we can’t predict when they’ll occur, we know going in that they’re gonna happen. So before we exit this sector, understand that we will see some big and sharp corrections. Prepare your emotions accordingly.

#2. Focus on the big picture.

When the gold price declines in a bull market, history shows it’s almost always higher three months later. The only time this didn’t happen in the 2001-2011 period was during the 2008 financial crisis—but even then the price ended up more than doubling within two years. In the 1976 to 1980 mania, gold wasalways higher three months later.

In other words, daily and even monthly fluctuations are nothing to fret over. Viewed on a long-term basis, corrections are nothing more than one step down before the next two steps up. This fact reminds us to keep the big picture in mind.

#3: Corrections are buying opportunities.

If you don’t have as much gold and silver as you need, every pullback should be viewed as your chance to buy them on sale. It’s an automatic discount on what you want to buy anyway.

It’s not just gold bugs saying this…
Francisco Blanch, head of global commodities and derivatives research at Bank of America Merrill Lynch: “Investors should use the recent drop in gold prices as a buying opportunity… once the US central bank decides to raise interest rates, potentially causing equities to sell off and the dollar to rally, investors will see gold prices stabilize and eventually trend higher.”
Goldman Sachs analysts Jeffrey Currie and Max Layton: “We would view a gold sell-off below $1,250 as a strategic buying opportunity, given that substantial downside risks to global growth remain, and given that the market is likely to remain concerned about the ability of monetary policy to respond to any potential shocks to growth.”
Joni Teves, UBS strategist: “We think the recent price correction and sizeable decline in positioning improves the risk-reward for gold, allowing those who are looking to build longer-term gold exposure to build positions at better levels.”
Chris Gaffney, president of World Markets at EverBank: “the recent drop is overdone… Several factors can put a floor under gold in the short term, including increased tensions in Syria, the end of cooperation between Russia and the US, Brexit, and political uncertainty in the US.”
Ross Norman, chief executive officer at Sharps Pixley: “It is clear to us that the rationale for buying is more powerful than any time in living memory.” That last quote is my favorite.

Mike Maloney agrees, but takes it one step further… as he shows with sharp clarity in Episode 7 of the Hidden Secrets of Money, what is almost certainly ahead promises to be not just the greatest crisis in history but also the greatest wealth transfer. But only if you own physical gold and silver.

The Ultimate Question to Ask
So, does that mean we should buy now? What if the correction isn’t over?

Instead of focusing solely on price, I think this is a better question to ask:
Do you have enough ounces to withstand the fallout if Mike is right about what’s coming?Focus on how you and your family would be impacted in a crisis, and how you will deal with it. Any reasonable assessment of global financial affairs points to the need to have a lot of bullion at this point in history.

If even just a portion of Mike’s predictions come true, worrying over a few dollars for gold or a few cents for silver will be meaningless and long forgotten.

Buy enough gold and silver so that your fort is ready for all arrows—deflation, inflation, economic recession or depression, central bank blunders, government interference, war, helicopter money, a crashing currency, a monetary reset, capital controls, and any other scenario that could wipe out you and your family’s wealth.

- Source, Jeff Clark via Gold Silver

Thursday, October 20, 2016

The Debt Trap Is Global

Mike shows you how much the government controls the economy today. And why it will be very difficult to get out of this mind-boggling level of debt. You’ll see this is not just a problem in the Western world, it’s the entire world. As Mike says, "this is going to be a global recession and it’s going to be bad."

- Source, Gold Silver

Tuesday, October 11, 2016

Ron Paul: Believe Me, Gold Prices Are Going Up

Former US Representative Ron Paul sees gold headed higher after plunging this week. He discusses with CNBC’s Jackie DeAngelis and the Futures Now traders.

- Source, CNBC

Tuesday, October 4, 2016

Max Hyprocrisy - Bill Clinton Bashes Obamacare As The Craziest Thing In The World

In a staggering moment of honesty caught on tape, former President Bill Clinton admits to a group of voters in Michigan that Obamacare is a complete disaster and is wreaking havoc on the middle-class and "small-business people." Per the video published by the NY Post, Clinton says that Obamacare is fine for those who are eligible for subsidies but admits that thathardworking "people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half and it’s the craziest thing in the world."

“You’ve got this crazy system where all of a sudden 25 million more people have health care, and then the people who are out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half and it’s the craziest thing in the world.

On the other hand, the current system works fine if you’re eligible for Medicaid, if you’re a lower-income working person. If you’re already on Medicare or if you get enough subsidies on a modest income that you can afford your health care.

But the people getting killed in this deal are the small-business people and individuals who make just a little bit too much to get any of these subsidies."

- Source, Zero Hedge

Thursday, September 29, 2016

Canadian Mint employee accused of smuggling $180K of gold in his rectum

An employee of the Royal Canadian Mint allegedly smuggled about $180,000 in gold from the fortress-like facility, possibly evading multiple levels of detection with a time-honoured prison trick.

Hiding the precious metal up his bum.

The case against Leston Lawrence, 35, of Barrhaven concluded in an Ottawa courtroom Tuesday. Justice Peter Doody reserved decision until Nov. 9 on a number of smuggling-for-cash charges, including theft, laundering the proceeds of crime, possession of stolen property and breach of trust.

The Uck! factor aside, the case was also an illuminating look at security measures inside the Mint, the building on Sussex Drive that produces hundreds of millions of gold coins annually for the federal Crown corporation.

“Appalling,” was the conclusion of defence lawyer Gary Barnes, who described the Crown’s case as an underwhelming collection of circumstantial evidence.

“This is the Royal Canadian Mint, your Honour, and one would think they should have the highest security measures imaginable,” Barnes said in his closing submission.

“And here the gold is left sitting around in open buckets.”

Indeed, it was not even the Mint that discovered the alleged theft but an alert bank teller.

Court was told that, on multiple occasions, Lawrence took small circular chunks of gold — a cookie-sized nugget called a “puck” — to Ottawa Gold Buyers in the Westgate Shopping Centre on Carling Avenue.

Typically, the pucks weighed about 210 grams, or 7.4 ounces, for which he was given cheques in the $6,800 range, depending on fluctuating gold prices, court heard. He then deposited the cheques at the Royal Bank in the same mall.

One day a teller became suspicious at the size and number of Ottawa Gold Buyers cheques being deposited and Lawrence’s request to wire money out of the country. She then noticed on his account profile that he worked at the Mint. The first red flag was up.

Bank security was alerted, then the RCMP, which began to investigate. Eventually, a search warrant was obtained and four Mint-style pucks were found in Lawrence’s safety deposit box, court heard.

Records revealed 18 pucks had been sold between Nov. 27, 2014 and March 12, 2015. Together with dozens of gold coins that were redeemed, the total value of the suspected theft was conservatively estimated at $179,015.

But the defence countered with a couple of important points. The Crown was not able to prove conclusively that the gold in Lawrence’s possession actually came from inside the Mint. It had no markings nor, apparently, had any gold been reported missing internally.

The Crown was able to show the pucks precisely fit the Mint’s custom “dipping spoon” made in-house — not available commercially — that is used to scoop molten gold during the production process.

Lawrence, who has since been terminated, was an operator in the refinery section. Among his duties was to scoop gold from buckets so it could be tested for purity, as the Mint prides itself on gold coins above the 99 per cent level.

The great mystery that went unanswered at trial, however, was this: how did the gold get out of the Mint?

Court was told Lawrence set off the metal detector at an exit from the “secure area” with more frequency than any other employee — save those with metal medical implants. When that happened, the procedure was to do a manual search with a hand-held wand, a search that he always passed.

(It was not uncommon for employees to set off the detector, court heard.)

Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said.

Lawrence did not take the stand — as is his legal right — and the Crown was not able to definitively establish how the gold pucks made their way out of the facility.

“We do have compelling evidence,” countered Crown attorney David Friesen, of someone “secreting (gold) on his person and taking it out of the Mint.”

Barnes implied there were many ways Lawrence could have legitimately obtained the gold — he could have bought the coins, for instance — and said he made no efforts to be devious with the gold buyers or the bank. Further, Barnes said, the Mint isn’t even sure a theft took place.

“In fact, I would submit the Mint doesn’t even know if anything is missing.”

In an emailed statement Tuesday evening, a Mint spokeswoman said several security measures had been upgraded, including high definition security cameras in all areas, improved ability to track, balance and reconcile precious metal, and the use of “trend analysis technology.”

- Source, Ottawa Citizen

Monday, September 26, 2016

Peter Schiff On The Biggest Fed Decision Of All Time

Will the Fed raise rates today? 

Peter Schiff warns the Real Action will come during Yellen’s Press Conference…

Friday, September 23, 2016

Donald Trump’s FINAL WARNING For America

In his Economic Address, Donald Trump has issued the American people a DIRE WARNING…

Wednesday, September 21, 2016

History Says Gold And Silver Could Bubble Off The Charts

Mike has made a strong case for gold and silver being the next big asset bubbles. What does history show about his claim?

I looked at the biggest bubbles from history, because I wanted to see if there was historical precedence for the gold price exploding into a big bubble. If it has, it could do so again. If it never did, on the other hand, the claim might be harder to prove.

Here are the biggest financial bubbles from the modern era. Notice which one was the biggest.

The tech bubble, real estate bubble, and even an 18-year run-up in the S&P came nowhere close to the gold mania of the 1970s.

From its 1970 low to its January 1980 high, the gold price rose a total of 2,328%.

Even today’s US stock market—which has basically tripled since its 2009 low—pales in comparison to the gold bubble of the late ‘70s.

It’s really true: there’s no rush like a gold rush.

There were some big bubbles from long ago, too…

Sunday, September 18, 2016

Fed Hype A Hoax. Gold Prices Spike. What's Next?

The latest Trend Alert is released, why Celente isn't bullish on oil & the state of Texas goes for wind and sun power. Gerald Celente breaks down the direction he sees the world going.

- Source

Wednesday, September 14, 2016

Jeff Berwick: Billionaire Elites Piling Into Gold

Jacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold. In his recent semi-annual address to RIT shareholders, Rothschild announced that they are reducing their stock and currency exposure and increasing their gold holdings.

Rothschild: ”The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.”

As Jeff Berwick points out, Rothshild is the best man to ‘predict’ what is going to happen because he and his elitist pals have created the timeline of catastrophes. This may be part of a scheme similar to in 1929 when central bankers created a huge bubble and then a massive crash so they could buy up a ton of assets at pennies on the dollar.

Jeff thinks this may be the most dangerous time in human history for capital. In this interview, he shares a wealth of advice on how and where to make sound investments. He is also putting on a TDV Internationalization and Investment Summit on February 24th 2017 which includes many known experts, and precedes the amazing Anarchapulco Conference in Acapulco, Mexico.

Saturday, September 10, 2016

Bill Holter: Comparing This Gold Bull Market to Those of the Past Is Invalid

We are 7-8 years into a monetary experiment that has never been done before. In previous bull markets we weren’t looking at the potential end of the financial system as we know it. When central banks monetize, they destroy the currency. This is happening all over the world.

With world debt at least twice 2008 levels we are witnessing the dawn of a new system, and have been close to a collapse twice this year already. We now have central banks that are actually purchasing stocks. The monetization of stock markets is a factor in preventing the collapse.

Central Banks have already printed the money, now it’s just a matter of when will the panic out of money and into real assets happen. Velocity is at it’s lowest ever, and once investors- or even the average public is afraid of holding currency and moves their currency into ‘stuff’, hyperinflation will begin.

When the stock market turns and control is lost, there may be a period of 1-4 weeks where gold goes down. After that we will see capital moving back into gold, and we should see a massive influx of capital into the mining shares which will take out the 2011 highs- perhaps by multiples.

Wednesday, September 7, 2016

Why is Hillary Clinton Always Hiding Something?

One of the more disturbing revelations of this year’s U.S. presidential election, has been Hillary Clinton’s compulsive propensity to hide all sorts of things from the American public. While I appreciate one’s right to privacy as much as the next person, if you want to run for President of these United States, transparency and engagement with the public should be a top priority and requirement.

In this post, I want to highlight three troubling ways in which Hillary Clinton has been shamelessly and inexplicably hiding things from the public throughout her presidential run. The first instance is one that came up frequently during the Democratic primary. That is, transcripts of the extraordinarily high priced speeches she gave to numerous corporations, including multiple Wall Street banks that were at the center of the 2008/09 financial crisis…

Read the rest here.

Friday, August 26, 2016

Axel Merk: Making Sense Of The Impact Of Brexit

A very sleep-deprived Axel Merk joins us for this special edition podcast. Axel and his team have pulled late nights over the past few days following the Brexit vote results in real-time and the ensuing aftermath.

Axel, CEO and founder of the Merk Funds, is originally from Europe and one of the best experts we know on the currency markets, as well as monetary policy. In this podcast, he explains why he sees the Brexit as a sea-change in sentiment that will have far-reaching implications for Britain, Europe, and the rest of the world -- though it may take years before they are fully recognized and expressed. He expects the post-Brexit future to more market volatility, more populism as political stability weakens, more (ineffectual) fiscal spending to goose economic growth, and likely more armed conflict around the world.

We are rushing to make this special edition podcast available today given the hunger for informed perspective on this topic. As a result, the written transcript is not available yet -- we will post it here as soon as we received it back from our transcription agency.

- Source, Peak Prosperity

Wednesday, August 17, 2016

Gold In UK Pounds Collapses 38% Versus Gold and 56% Versus Silver Year To Date

Gold in UK pounds neared its post-Brexit high overnight as sterling fell sharply on currency markets due to concerns about rising inflation as shown in data today and the outlook for the UK economy.

Gold is up nearly 4% in sterling terms in August and by a whopping 38% year to date. ‘Sterling silver’ has surged by even more this year and is now 56% higher in sterling terms year to date.

Gold in UK pounds – 10 Year (

‘Sterling gold’ rose or to put it more accurately, sterling fell to £1,045/oz in gold terms – not far from its post-Brexit low of £1,057/oz. The currency has lost more than 2 percent this month versus the dollar, the worst performance among major currencies and nearly 4% against gold.

Sterling hit a 6-1/2-year low against a basket of currencies and Monday’s close against the dollar of $1.2880 was the weakest since June 1985.

Gold in UK pounds surged 20% in the immediate aftermath of Brexit and after a needed correction, has consolidated and is moving higher again. ‘Sterling silver’ surged by even more and is now 56% higher in sterling terms this year showing silver’s currency hedging properties. Read More…

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