100 Years of the Federal Reserve

100 years ago, this December, the United States Congress created a central bank today, we know it as the Federal Reserve Bank of the United States. What most people don't know is that the bank isn't a federal entity and candidly, it really has nothing in reserves.

Is the Federal Reserve good for the United States? Is it even possible to get rid of it?

The first step toward truth is to be informed.

- Source, Ben Swann:

http://www.youtube.com/user/BenSwannRealityCheck?feature=watch

Where Is All The Gold Going?

The London Gold Vaults Are Empty. All That Gold - 26 Million Ounces of It Has Been Shipped Off To China Never To Return. The Chinese Do Not Want U.S. Dollars Anymore, They Want Gold!....

Bitcoin is Just Another Asset Bubble

“Bitcoin…was about a dollar per Bitcoin a couple of years ago. Now it’s $1000…A painting by Francis Bacon called ‘Three Studies of Lucian Freud’ [just] sold for $142 million, which was the highest price ever paid for a painting at an auction….[A] diamond [just] sold for $83 million which is the highest price ever paid at auction for a diamond, and trophy real estate in Manhattan, London, Singapore and Hong Kong have all blown through previous records…So there are asset bubbles [occurring] all over the world.”

- Source, John Rubino via:

http://bullmarketthinking.com/john-rubino-well-get-a-crash-thats-commensurate-with-the-size-of-this-bubble/

Jim Willie - Forget About a Taper! FED Will Triple QE!

The true volume of QE bond monetization purchases is much higher than reported. It is way over $100 billion per month, probably closer to $200 billion per month.

The USFed recently relented, they blinked, and when they briefly told the truth, they admitted the QE volume would continue forever and a day. Given the political pressures, and some reflection in corner office lavatories, they toy with the concept of tapering again. They realize the hyper monetary inflation has turned into a deadly toxic dependence. It is useful for the mere mortals among the 99% crowd to absorb the realities behind QE and its true nature, better described as QE to Infinity. The sidebar is Zero Percent Forever. The USFed is stuck in the destructive monetary policy.

The USEconomy is in steady deterioration, the recession dreadful and relentless. The USFed is monetizing an amount equal to 150% of the official USGovt deficit. The Global Currency Reset is extremely complicated, thorny, and dangerous.

The winner will be Gold.

- Sources:

http://www.silverdoctors.com/jim-willie-forget-a-taper-fed-to-triple-qe/

http://www.goldenjackass.com/

A Norwegian Carpenter Thanks American Officials for Precious Metals Manipulation

I was born in Brooklyn in the beginning of the 1950′s, and I grew up in the countryside in Norway. I always have been proud to be an American citizen, but now I am just worried.

Earlier everybody in Europa dreamed about American cars as, Chevrolet Corvette, Camaro, Cougar, Pontiac Firebird , Mustang, Plymouth, Cadillac, Continental etc. etc.
It was the Europeans’ and Norwegians dreams. Many still do.

From 1973 to 1976 I was a carpenter in Norwalk, Connecticut, and to my astonishment European cars were rich people’s prestige cars such as Porsche, Mercedes, BMW and Volvo. Even greater was my astonishment when I saw Americans buy Japanese cars. I – a simple carpenter from the Norwegian countryside realized that if the Americans continued on this path you would destroy your own proud car industry. I told the Americans that it was like sawing off the branch you are sitting on. But nobody listened to a simple carpenter from Norway. The result we all can see now – America’s pride – Detroit is bankrupt!

I also witnessed President Nixon’s trip to China where he signed the fatal trade agreement with the Chinese. As a result, U.S. companies moved their factories to China – American workers were unemployed – and the idiots started to import American products – manufactured in China – back to the USA?!?! To finance this stupidity they began to borrow money – a lot of money. The result we all can see now – average Americans have debt over your ears you never can repay – and now your government wants to borrow more money, or print more worthless paper dollars? QE1, QE2, QE3, QE4, QE-Bankrupt! Are all of the American officials retards?

And now your leaders manipulate the gold and silver prices (Comex) to keep this stupid scam going a few more weeks or months. Meanwhile, the Wise Man from the East – the Chinese, the Indies, The Russians and the Arabs buy your gold and silver on sale, paying you with worthless dollar bills you unrestrained have been printing. Have you Americans completely lost your mind? Have you become a country of retards? The whole world is laughing of you! We can all see that the former mighty America is bankrupt, and we do not understand that the people let your leaders continue this obvious scam.

Before you had Gangsters, now America is governed by Bangsters supported by Washington that scams all its citizens.

Finally, I would like to thank your politicians which made it possible for me to purchase 10,000 physical Silver Eagles and 100 Gold Eagles very, very, very cheaply – I even paid with your (very soon) worthless paper dollars – and secured my and my children’s future.

Regards an astonished SilverBug in Norway.

- Source, The Silver Doctors:

http://www.silverdoctors.com/guest-post-a-norwegian-carpenter-thanks-american-officials-for-pm-manipulation/

Bitcoin Crashes 20% on China Clampdown Fears

Virtual currency bitcoin lost around $200 in value on Thursday after the People's Bank of China outlawed the country's banks from using it, leading some to cash in on their investments.

At around 8 a.m. London time, the price of a bitcoin sharply dipped by 20 percent back below the $1,000 level it reached around one week ago. At midday London time, the currency was trading at $980 on major exchange Mt Gox and $932 on CoinDesk's index, which measures a basket of prices around the world.

The fall in the price coincided with a statement released on the website of the China's central bank which warned of the risks that the cryptocurrency posed. It warned that Chinese financial institutions should not trade the digital currency saying that while it does not yet pose a threat to China's financial system, it carries risks.

- Source, CNBC:

http://www.cnbc.com/id/101249450

Bitcoin vs. Gold The Great Debate

With the surging popularity of Bitcoin, Peter Schiff sees another bubble in the making. Peter explains why Bitcoin is not "gold 2.0" but fool's gold. It's modern day alchemy and you are assuming significant risks by "investing" in it. Like a pyramid scheme, many early adapters will profit from bitcoin, but those profits will come at the expense of the losses suffered by those who adapt later.

- Source, Euro Pac Metals:

europacmetals.com

Jim Sinclair - The Game Changer

In the latest episode of Ask the Expert, I had the pleasure of interviewing none other than the legendary Mr. Gold, Jim Sinclair. This was a powerful interview that was hard to wrap up, due to the overwhelming questions that our listeners and I had for Jim Sinclair.

Jim Sinclair is the CEO of Tanzania Royalty Exploration. He was recently made Chairman of the Advisory Board for the Singapore Precious Metals Exchange. Jim has also authored numerous magazine articles and three books dealing with precious metals, trading strategies and geopolitical events and the relationship to world economics and the markets. In January 2003, he launched JSMineset.com. As always, Jim gave a compelling interview, where a variety of important topics were covered.

- Source, Sprott Money Blog:

http://sprottmoneyblog.com/jim-sinclair-exclusive-interview-the-game-changer/

Chinese Gold Demand Continues

The demand in China for gold has been incredible. Not only does China retain all the gold it mines, it continues to import the yellow metal at a blistering pace. Depending on which source you reference this number can change drastically. This difference in reporting, prompted an open letter to the World Gold Council by Eric Sprott. Eric believes that the “official” numbers released by the World Gold Council are drastically under-reporting the real numbers.

Many in the precious metals community agree. Including Alasdair Macleod, who recentlyreleased a report following up on Eric’s letter. Alasdair, breaks down the numbers and shows exactly how wrong the World Gold Council is. The difference is extreme.

Using the WGC numbers, the predicted annualised importation of gold into China will equal 1,091.5 tonnes of gold. Alasdair, in contrast uses the information released by the Chinese government. The number he comes up with is quite different. For the first nine months of this years (according to the hard facts) China has imported a total of 2,130.7, or 2,841 tonnes annualised. A 1,749.5 tonne difference!

Supporting Alasdairs numbers, is the world’s largest jewellery group, Chow Tai Fook Jewellery Group Ltd. which saw sales jump by 49% in the first half of this year!

The question many in the precious metals community have is why does the WGC continue to downplay the demand for precious metals? Why do they continue to release low quality reports that use inferior data? Perhaps this is simply more MOPE?

- Source, Sprott Money blog:

http://sprottmoneyblog.com/

Chinese Gold Imports Surpass 1000 Tonnes in 2013

China increased the import of gold through Hong Kong last month, with gross gold imports for the month of October coming in at 147.92 tonnes, of which 131,19 tons remained as net import. China has imported more than 100 tonnes of gold each month in the past six months. Gross imports in the first ten months of 2013 have doubled compared to the same period in 2012.

In the first ten months of 2013 China has imported a net amount of 957.22 tonnes of gold from Hong Kong. With two months to go it is quite obvious that China will surpass the 1,000 tonne estimate by the World Gold Council. Gross imports for this year stand at 1,262.82 tonnes, double the amount in the same period of last year.

- Source, Market Update:

http://marketupdate.nl/en/china-imported-13119-tonnes-of-gold-in-october/

The Chinese Are Manipulating Gold

The Dollar’s fate lies in China’s Hand. Gold is the key to this fate. The Chinese Central bank’s fingerprints are all over the gold manipulation story.

The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can.
Like Sun Tsu said, If you can win the battle without fighting, that is a good war. They’ve not fired a shot. They’ve used our currency reserves to buy up our gold.

The existence of our world reserve currency status will depend on how and when China shows the world what they hold in gold. That report is due in 2014. Once they show the world they have the gold to back their currency, the entire world will flock to the winner. 

The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.

$50,000 an ounce could become a real figure.

- Read the full story here:

http://www.silverdoctors.com/chinese-central-banks-fingerprints-are-all-over-the-gold-manipulation/

Gold is Signalling a Manufactured Crash

I had the chance yesterday to reconnect with technical gold trader Gary Savage, publisher of the Smart Money Tracker daily gold market commentary and trading service, which has outperformed most of the world’s hedge funds in 2011 and 2012.

It was a powerful conversation as Gary indicated that gold is now signaling the increasing likelihood of another overnight sell-off event, similar to what was seen in late June, in which the price collapsed from $1400 oz. to just under $1200 oz.

In describing what gold is signaling to the market right now, Gary noted that, “Over the last month and a half, gold deviated and started to follow the dollar down[wards], which I was afraid was a warning sign that gold would be in trouble once the dollar started to rally…and that’s exactly what has played out. The dollar rallied over the last three weeks, [and] gold turned back [down]…almost to the exact day that the dollar started this rally.“

Traditionally moving opposite the dollar, this latest development in gold according to Gary, suggests that funds are shorting in advance of another,“Typical pre-market, middle of the night hit, where you see 200 tons of gold dumped on the market with no buyers to support it…At least two big banks, I would say Goldman Sachs, JP Morgan, maybe a big hedge fund…are trying to push gold down to that support zone at around $1000. So I think they’re already short, and right now they’re letting the [reversing] dollar do the work for them.”

- Source, Bull Market Thinking, read the full story here:

http://bullmarketthinking.com/gold-trader-gold-signaling-manufactured-crash-over-next-30-40-trading-days/

The Annihilation of the Currency

“We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.”

- Jim Sinclair via USA Watchdog:

http://usawatchdog.com/

Jim Sinclair - Gold Going to $50,000

According to Jim Sinclair of JSMineset.com, by 2016, "Gold will be $3,200 to $3,500 an ounce." By 2020, Sinclair predicts, "Emancipated gold will be $50,000 per ounce." As far as gold confiscation goes, Sinclair says that Its not going to happen, but a windfall tax could definitely be in the cards. Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.

- Source, USA Watchdog:

http://usawatchdog.com/jim-sinclair-50000-gold-us-dollar-collapse-hyperinflation-and-more/

Western Central Banks Continue to Dishoard Gold

Physical demand for gold and silver continues to remain incredibly strong. This comes in spite of the recent raid on the precious metals, which began on Wednesday of last week and continued into the close on Friday. The price drop began with the release of the FOMC statement. Recent history has shown, that ANY FOMC statement release is bad for gold holders. This is due to the smash in prices that inevitably seems to follow each statement release.

This FOMC statement did not disappoint in its ability to defy all logic. The FED announced that they will stick to its guns and NOT taper. That’s right, somehow the FED not curtailing its QE programs is considered gold negative? To any sane person who knows anything about the function of gold and silver, this reaction to the FOMC statement makes no sense. Copious amounts of money printing is gold positive.

Despite the manipulation that continues to plague the precious metals market, there continue to be cracks forming in the armour of the manipulators. Even as they continue to dominate the paper market, their grasp on the physical REAL market continues to slip away.

Demand for the physical metals remain fierce as the paper price artificially suppresses the cost of metals. This demand has resulted in the US Mint’s temporary inability to supply American Silver Eagles to wholesalers. A delay of four weeks is being reported with production halting on December 9th and not resuming until January 13, 2014. This has already resulted in a rise in premiums for the popular American Silver Eagles...

- Source, Sprott Money Blog, read the full article here:

http://sprottmoneyblog.com/western-central-banks-continue-to-dishoard-gold-as-physical-demand-accelerates/