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Just sixty days ago the number was nine. On February 3rd Australia joined in, then Sweden on the 13th, Israel on the 23rd, and on March 11th Thailand made it twenty-three, Central Banks that is, to officially join the amazing race, to the bottom! In Thailand's case, the "surprise" move suggested "the economy was weaker than expected." And the baht? A beating. Sound familiar? So what does the Keynesian playbook say now -- surely rates can't go to zero can they? Newsflash, they already have, in fact in Sweden they've gone lower, and in Denmark, they're now NEGATIVE .75%! So how about Germany, the European hallmark of fiscal sanity, or Finland, with their billions on reserve? Nope, in these economic powerhouses the new buzzword is "Nega Coup" ... a novel new reality in today's sovereign debt (government backed) market, "where the investor is guaranteed to lose money" (if the bond is held to maturity). Can you imagine where the monetary metals would be in this environment if they were ever allowed to react? Of course in financial (end) times such as these it is necessary for Governments to drop more bombs, and for their propaganda arms, more bull. Oh you haven't heard about the latest hot war in the world's 4th largest oil shipping chokepoint? Of course you may've missed it; it's snowing in the Maritimes. From time to time however there is reason to hope -- ever heard the name Rocco Galati? My suggestion of course is that you tune-out the noise, and tune-in to the precious metals that have guarded wealth throughout human history. Let me know if I can help.
Stockman: Central Bankers Are Running A Doomsday Machine !
The endless six-year buy-the-dips run of the S&P 500 since March 2009, for example, would be impossible in an honest free market. So why do they ignore the dangers, and stubbornly plow forward clutching to ZIRP, N-ZIRP, QE, forward guidance and all the other tools of central bank stimulus? (Its) the equivalent of a doomsday machine. The central banks will ease and talk of easing until the third great bubble of this century reaches brobdingnagian extremes. Then the carnage will commence. Again.
U.S. Begs Russia to Remain in 'SWIFT'; the One Bank Fails Again
On Monday afternoon (March 16th), not only did SWIFT NOT kick Russia out, but they announced they were actually giving a BOARD SEAT to Russia. But the story is even bigger than that. Because at the same time that the US government isn't getting its way with SWIFT, the Chinese are busy putting together their own version of it called CIPS. CIPS stands for the China International Payment System; it's intended to be a direct competitor to SWIFT.
Koos: When Will China Disclose Its True Official Gold Reserves
Things are heating up in the Chinese gold market. Year to date total withdrawals have reached a staggering 561 tonnes, up 7.3 % from 2014, up 33 % from 2013. When using the basic equation for the Chinese gold market to estimate import, we learn that up until March 20 China has net imported 412 tonnes. Add to this India has net imported about 230 tonnes over the same period, that's 642 tonnes combined. How long the Chinese can keep up this pace of importing before physical supply from Western vaults runs dry?
Anti-Gold Terrorism Goes Unabated; New "Fix" Same as the Old Fix
With JP Morgan now announced as the seventh direct participant, here's the list of participants: HSBC, Barclays, Bank Nova Scotia, Soc Gen, UBS, Goldman and JPM. All of them (except somehow maybe Goldman) have been prosecuted and fined for manipulating interest rate and foreign exchange markets. Is anyone really stupid enough to believe that these banks will conduct the business of fixing the gold price in London in a fair and honest manner.
France Declares War, On Cash!
Among the new restrictions is a prohibition of making more than 1,000 euros in cash payments (down from 3,000 before). Large cash withdrawals exceeding 10,000 euros per month will also now be monitored and reported to the French authorities. These restrictions are capital controls, plain and simple. And they're designed for one single purpose: to keep people's savings trapped in the banking system.
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.
Jeff Nielson: Why Price-Analysis Is Meaningless
Why is all price-analysis meaningless? Understanding this requires understanding the economic definition of "price": the intersection point between supply and demand. It is this intersection point which bestows any "meaning" to price as an economic indicator, and thus analytical tool. In the case of gold/silver "markets", where supply never meets demand, and thus price never represents an "intersection point"; these (phony/manipulated/illegal) prices have no analytical significance or validity of any kind - except as evidence of the crime that is being committed in these markets. Thus using price as the primary data for "technical analysis" automatically invalidates such analysis.
Bank of Canada et al Face Lawsuit for Alleged IMF Conspiracy
The Committee on Monetary and Economic Reform (COMER) is going to have its day in federal court. This little think-tank alleges that the Bank of Canada, the Queen, the attorney general, the finance minister, and minister of national revenue are engaging in a conspiracy with the International Monetary Fund (IMF), the Financial Stability Board (FSB), and the Bank for International Settlements (BIS) to undermine Canada's financial and monetary sovereignty. No major media have covered this story (which) could be because of the powerful vested interests the suit targets (or) because there are parts of the statement of claim that read like they were pulled from the dark corners of some Internet conspiracy forum. They weren't. These are serious people with wide knowledge of the financial and monetary system. And their lawyer is no slouch.
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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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