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The doublespeak that collapsing oil prices will cause some folks to direct their windfalls back to the party appears slow to manifest with America's middle class, who're now shunning Big Macs. The spin on this one should be good; are Americans now saving so much at the pump that they can drive right on past Micky D's for a plate of Red Lobster? Don't be surprised, the horrible Black Friday numbers are also a signpost that everybody's really richer than they think. The real story of course is that absolutely everybody's math is fk'd at $50 a barrel, and especially the budgets of the US shale producers, who're collectively riding a wave of plutocrat-produced junk paper that will trigger more popping sounds, and likely a few sections of the new banker bail-in legislation passed at the recent G20 (under cover of Putin). Those awake to this mega-sized mess have been piling up the physical gold, with the most recent 'calls' coming from the Dutch and the Belgians, who have some serious catching up to do; according to the Koos, China's 'unofficial' reserves are nearing 1600 tonnes, almost double the reserves of the United States, and that includes their gold in deep storage ;) My suggestion is that you make like those crazy chinamen and covertly add more physical metal to your own reserves, and soon!
America is on a "Hot War Footing" ..
The underlying narrative (of HR 758) is supported by a string of baseless accusations directed against the Russian Federation. It accuses Russia of having invaded Ukraine. It states without evidence that Russia was behind the downing of Malaysian Airlines MH17, it accuses Russia of military aggression. In essence, House Resolution 758 were it to become law would provide a de facto green light to the President of the United States to declare war on the Russian Federation, without the formal permission of the US Congress.
Grandmaster Putin's Golden Trap
The central banks of all countries of the world purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases - of 55 tons - belongs to Russia.
Federal Reserve Confirms HUGE Foreign Gold Withdrawals
The 42 tonnes withdrawal (in October) was the biggest single monthly redemption from the NY Fed since 2014. So with the 119 tonnes of gold withdrawn so far in 2014, it is now abundantly clear that the "logistical complications" excuse used by Germany to halt its own gold repatriation program was nothing but a lie to cover up what, as Deutsche Bank explained earlier this month, was an escalation of "diplomatic difficulties" between the US and Germany, one in which Germany has folded, if only for now.
Massive Indian Silver Imports Setting up for a Record Year
Well, it doesn't take Indians too long to figure out a good deal when they see one. In 2013 when the paper price of silver dropped off the proverbial cliff from $32 in February to under $20 by June, Indian silver demand increased dramatically. Not only was 2013 a robust year for Indian silver imports, it blew away its previous record set in 2008 at 5,049 mt. If 2014 silver imports remain strong at 500 mt each month (November & December), then we could see a total of 6,500 mt for 2014. This big number (would) represent nearly 25% of total global silver mine supply.
Cyprus-style Bail-ins to Confiscate Bank Deposits and Pensions
Between posing for photo-ops and bashing Mr. Putin, the G20 leaders rubber-stamped the Financial Stability Board's "Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution," which completely changes the rules of banking. The language is a bit obscure, but here are some points to note: What was formerly called a "bankruptcy" is now a "resolution proceeding." The bank's insolvency is "resolved" by the neat trick of turning its liabilities into capital. Insolvent TBTF banks are to be "promptly recapitalized" with their "unsecured debt" so that they can go on with business as usual; Unsecured debt includes deposits, the largest class of unsecured debt of any bank. The insolvent bank is to be made solvent by turning our money into their equity - bank stock that could become worthless on the market or be tied up for years in resolution proceedings.
Happy To Help ..
Its true, gold and silver bullion do not pay dividends nor any interest. It's also true that the physical bullion has insured wealth and protected purchasing-power for 6000 years, and will remain money when all else fails. Silver and Gold in physical form are unencumbered wealth, free of counter-party risk, and of all liability when your broken Government or Zombie bank blows up. I invite you to contact me for the very best pricing and discreet, informed service.
John Rubino: World in a Box
Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We're potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt and more centralized control, until the only remaining choice is between deflationary collapse or runaway inflation. The people in charge at that point are in a box with no painless exit.
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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