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Edited by Alfred Adask
Friday, November 14th, A.D. 2014
Between Friday, November 7th , A.D. 2014 and Friday, November 14th A.D. 2014, the bid prices for:


Gold rose 0.8 % from $1,178.50 to $1,188.50

Silver rose 2.5 % from $15.93 to $16.33

Platinum fell 0.6 % from $1,212 to $1,205

Palladium fell 0.5 % from $766 to $762

DJIA rose 0.3 % from 17,573.93 to 17,634.74

NASDAQ rose 3.4 % from 4,532.53 to 4,688.54

NYSE rose 0.1 % from 10,864.60 to 10,880.60

US Dollar Index fell 0.8 % from 87.57 to 87.53

Crude Oil fell 2.8 % from $78.43 to $75.93


"Only buy something that you'd be perfectly happy to hold
if the market shut down for 10 years." --Warren Buffett 

"If the markets shut down for 10 years, what investment would you dare to hold-- 
other than gold"? --Alfred Adask

"Unbelievable Trust"


by Alfred Adask


Former congressman Ron Paul recently posted an interesting article on

GoldSilverWords entitled, "Watch Out When People Start to Distrust our Money".  Paul offered several important insights, but, his central argument was that because the fiat dollar has no intrinsic value, whatever value it appears to have is based entirely on the people's trust.  So long as people continue to trust in the dollar, it will have value.  If people lose that trust, the dollar's value will diminish or even disappear.


According to Mr. Paul:


"Now we have that strange phenomenon of this unbelievable trust in the US Dollar. This could only happen because our country is (still) wealthy, but a lot of thewealth is superficial because it's based on debt. So, the people are going to be really shocked when the hit finally comes because this system has existed for so long and longer than any paper currency before it."


Mr. Paul's reference to "unbelievable trust" in the US dollar implies that the world's trust-though strong-is irrational


Yes, the US appears to be wealthy-but that can't be true since we're the biggest debtor nation in the world. 


More, how can an economy that treats debt (promises to pay) as a fundamental asset be regarded as anything other than irrational?


Yes, the current system of US fiat dollars has lasted longer than virtually any other previous fiat currency system.  Some view that longevity as evidence that the fiat dollar is invincible.  Other see it as evidence that the dollar's end must be near.


 "Right now there's a lot of trust by foreign takers of our dollars, they keep taking them. And as long as they do that, we're going to limp along and the bubble keeps getting bigger and bigger. . . . and the inevitable bust gets worse.


"Right now, they have no other place to go. They could go and beg Europe to print Euros, but they trust the dollar more. As long as they keep doing that, these insane policies will continue."


Paul is right.  No matter how irrational and groundless the world's trust in the current fiat dollar may be, the fact remains that the world does trust the fiat dollar more than any other currency.  Therefore, the intrinsically-worthless, fiat dollar not only has value but remains politically powerful-and the price of intrinsically-valuable gold remains vulnerable.


How much longer will the world continue to trust the dollar?


*  Mr. Paul's observations about the central relationship between trust and fiat currencies raise interesting implications. 


For example, only a nation with a very strong economy, a very cohesive people, and a demonstrated capacity to be productive is likely to be trusted enough by both foreign countries and domestic citizens to have a fiat currency. 


In the aftermath of WWII (when all other western nations were damaged or destroyed) what currency could the world trust other than the gold-backed dollar?  Later, when the dollar became pure fiat, the reality remained that no other currency was as trusted as the fiat dollar.


But if a nation's government is corrupt, economy falters and people are divided by unenforced immigration laws, people will increasingly distrust that nation's ability to repay its debts with goods and services it may one day produce.  Therefore, people will tend to demand real payments in gold and silver coin rather than fiat currency (IOUs). 


Only a truly strong nation is likely to be able to create, impose and maintain a fiat currency.  Weak nations can't.


Insofar as this argument is valid, we could look back on American history and argue that our various attempts to impose a fiat currency reflected our growing national strength.  Our fiat currency failures reflected our national weakness. 


America's one great success at issuing fiat currency (since A.D. 1971) has been based not only on American economic and military power, but also on the relative weakness and chaos seen in the rest of the world.  So long as the world was relatively weak and we were relatively strong, our fiat dollars were trusted and relied on around the globe.


However, the great advantages to successfully issuing a fiat currency also require great obligations to respect and maintain that fiat currency.  Inevitably, the hustlers, con-artists and self-promoters gain control of the fiat currency production system and start to cut deals and impose laws that are self-serving and irrational.  These abuses tend to strengthen the government and/or special interests and thereby weaken the nation.  The middle class starts to disappear.  As the nation is increasingly weakened by too much debt and too few jobs, trust in the nation's fiat currency begins to wane.  When that trust is finally (or primarily) exhausted, the fiat currency fails.


*  Given that the fiat dollar's purchasing power has fallen about 97% in the just the past forty years, it's obvious that trust in the dollar has also fallen-but not proportionally.  In fact, as Mr. Paul indicated in his reference to people's continuing "unbelievable trust" in the fiat dollar, once trust in a fiat currency is established, it's difficult to dislodge.


For example, we've all seen images of people in A.D. 1921 Weimar Germany pushing wheelbarrows full of fiat currency to the grocery store to purchase a loaf of bread. 


Q:  Why didn't the German people simply say "this is stupid" and stop taking or spending fiat currency? 


A:  Because they'd been conditioned to trust that currency and believe in that currency as if it were a religious faith.  They were no more willing to give up their trust in fiat currency than Catholics are willing to give up their faith to become Protestants.


Look at Zimbabwe.  Between A.D. 2008-2009, that country suffered an almost comical hyperinflation.  Hyperinflation peaked at nearly 80 billion percent in November A.D. 2008.  If you accepted a Zimbabwean fiat dollar at 12:00 noon, it was probably worth no more than a dime by 12:01.  And yet, the Zimbabwean people continued to trade in their hyper-inflated currency for most of another year. 


Why?  Because: 1) they'd come to trust that fiat currency; and 2) they had no other domestic currency to trust. 


Zimbabwe has failed to create another domestic fiat currency.  The Zimbabwean people no longer trust their government to produce another Zimbabwean fiat currency. 


Solution?  They use fiat US dollars-which are every bit as intrinsically-worthless as Zimbabwean fiat dollars.  But, unlike the Zimbabwean fiat dollars, the US fiat dollar is still "unbelievably trusted". 


No matter how irrational that trust may be, so long as that trust remains, the fiat dollar will be a viable currency-in Zimbabwe and even in the US.


But, who long will that trust to remain?


The Love of Money

I'd bet that our trust in any fiat currency can continue almost indefinitely-unless there's a default by the government or central bank that issues that fiat currency.


So long as the gov-co can continue to "spin" fiat currency "out of thin air" (or even out of a vacuum), and people maintain the illusion that they're being paid when they receive fiat currency, they'll merrily pay and receive the fiat currency.  They might grumble that the wheelbarrows they need to haul their hyper-inflated currency to market are too small, but they'll still trust their fiat currency.


Look at the United States.  Our government has been technically bankrupt since at least A.D. 1971 when we stopped redeeming fiat dollars held by foreigners with gold.  We haven't actually "paid" any of our bills with gold or silver for over forty years.  Instead, we've merely "discharged" our debts with worthless pieces of fiat currency. 


Does anyone much care? 




Does anyone even understand?


Not many.


So long as the Federal Reserve can still spin trillions of fiat dollars into existence and the federal government can discharge its debts with intrinsically-worthless fiat dollars, the game goes on.  Why?  Because the people of the US and of the world continue to trust in fiat dollars more than they do in other currencies.


This "unbelievable trust" may be evidence of a Biblical warning:  the love of money is the root of all evil.  I.e., it's not the money that causes evil.  It's the love of money that's the "root" (or cause) of all evil.


When people cling to an intrinsically-worthless, fiat currency, is that devotion evidence of an "unbelievable trust"?  Or an "unbelievable love"? 


Even if our "affair" with fiat currency isn't motivated by love and is only motivated by trust, we're still caught in a relationship with a paper whore who'll always deceive us, rob us, and lead us to personal, national or even global ruin.


And yet, we have "unbelievable trust" in that paper whore. 


If you want to know when the dollar is going to die, figure out when the government will finally be forced to admit that it can't repay much or even all of its debts.  At the moment the government openly and expressly defaults . . . at the moment the President is forced to finally say "Th-th-that's all, folks!," the public will lose its last vestige of trust in the fiat dollar and the fiat dollar will die or at least suffer a massive devaluation.



Where might we expect a default?


*  Under the Bretton Wood's Agreement of A.D. 1944, the US gov-co promised to redeem all foreign-held paper dollars with gold.  The nations of the world, bound up in WWII, trusted the US promise to redeem paper dollars with gold. 


However, in A.D. 1971, President Nixon broke that promise when he closed the "gold window" and stopped redeeming foreign-held, paper dollars with gold (and thereby reduced the dollar to a pure fiat currency). 


That was a default


The dollar suffered a severe devaluation, but the people of the US and world continued to trust in the (now fiat) dollar and the US and world economies continued to function.


*  In the 1950s and 1960s, Germany (fearful of being invaded by the Soviet Union) deposited about 600 hundred tons of gold with the US gov-co.  The gov-co promised to return Germany's gold on demand.  Germany trusted the US gov-co's promises to safely store its gold and return that gold when asked.


In A.D. 2012, Germany demanded 300 tons of its gold be returned by the US gov-co.  The US (which claims to hold nearly 8,200 tons of its own gold) refused to honor its promise to return the 300 tons of gold when Germany asked for them. 


That's a default


But, again, the people of the US and world didn't notice and therefore maintained their trust in the fiat dollar.  Based on that trust, the fiat dollar lives and US and world economies continued to function.


My point is that it the public will not lose trust in the fiat dollar until there is a general default that is of sufficient magnitude to affect almost everyone.  Serious, governmental defaults whose impacts are confined to one or more foreign countries or only limited segments of the US population may be troubling, but they will probably not be sufficient to individually cause a sudden and nearly complete loss of trust in fiat dollars.


This implies that the dollar will not die without a "general default" that affects virtually all Americans.


Minor Defaults

Inflation is a default.  Inflation allows borrowers to "pay off" their debts with "cheaper" dollars.  When borrowers can pay off their debts with "cheaper" dollars, they aren't actually "paying" their debts in full.  Thus, inflation is a kind of slow, moderate default.


 Since the dollar became a pure fiat currency in A.D. 1971, the dollar has lost about 97% of its purchasing power.  Because the dollar slowly lost only about 2% of its purchasing power per year, the people didn't notice or mind this default.  Instead, they continued to trust in fiat dollars and the US and global economies continued to function. 


The point to these examples of previous and ongoing US fiat-currency defaults is that a mere technical default is not enough to collapse a currency so long as the people of the world, and especially those of the nation, continue to trust that currency. 


We don't care in the least if our government robs foreigners who hold fiat dollars.  We don't care if our government robs Germany of several hundred tons of gold.  We don't even mind if our government robs us by means of inflation, so long as the rate of inflation is fairly modest (say, 20% or less per year).  Even when faced with general default by inflation, our trust in fiat dollars remains fairly solid.


But Americans, presumably, would care if government robbed us of a lot of our wealth in a very short period of time.


For example, if the US and/or state governments refused, or were unable, to pay most or all of the ten million government pensions due to former or current government employees, that default might be sufficient to diminish our trust in fiat dollars-but the dollar would still function.


If the gov-co defaulted on most or all of the So-So Security funds currently due to the 58 million So-So Security retirees, dependents and survivors, that default might diminish our trust in fiat dollars-but enough trust would probably remain for the dollar and our economy to continue to function.


If the US gov-co refused, or was unable, to pay most or all of the funds currently received by 65 million welfare recipients, that default would diminish our trust in fiat dollars-but the dollar and our economy would continue to function.


And then there are millions of government subsidies for corporations and salaries to be paid to government employees.  So long as government defaults on just one "class" of its debts at a time, we shall probably maintain sufficient trust in the fiat dollar for it and our economy to survive.  Yes, we might be limping along in a recession or depression, but the dollar and the economy would continue to survive-unless, there was a general default of sufficient magnitude that impacted virtually everyone, that our trust in fiat dollars virtually collapsed.


General Defaults

In the end, there are two kinds of general default:  1) "hyperinflation"; and 2) express, overt refusal to pay debts. 


"Inflation" describes an economic state wherein the currency is moderately devalued but trust in the currency generally remains.  For example if all of America was experiencing an inflation rate of, say, 20%, we'd be bewildered and angry, but we'd still maintain our trust in the fiat dollar.  That trust might be diminished, but it would still be sufficient for the dollar and the economy to survive.


The fiat dollar can survive inflation for a long time.  It can't survive hyperinflation for long.


"Hyperinflation" doesn't simply signify a higher rate (say, 50%) of inflation.  "Hyperinflation" describes an economic state wherein: 1) a fiat currency is significantly devalued; 2) that devaluation seems certain to continue or even accelerate; and 3) the people therefore lose trust in that currency. 


"Hyperinflation" is primarily about a loss of trust in a fiat currency.


For example, during a period of inflation, you might know that your $1,000 paycheck will only worth $900 a year later-but that's not much cause for concern.  If you're living hand-to-mouth like most Americans, you'll spend your $1,000 within a week or two and the loss of purchasing power caused by 10% annual inflation will be trivial.


However, if you receive your paycheck for $1,000 on Friday, and you know that its purchasing power will be reduced to $500 within a month (loss of $15 to $20/day), you'll spend that $1,000 almost as fast as you can cash your check.  Why?  Because you no longer trust the currency to retain its purchasing power.


If the rate of hyperinflation is even faster, the people's loss of trust in the fiat dollar will also accelerate.  That trust won't be completely lost overnight.  It'll probably take a year or more of hyperinflation to destroy virtually all trust in a fiat currency.


But any hyperinflation will cause not only a default (paying debts with "cheaper" dollars), it will kill trust in the currency.


*  The second form of default is an express admission by a national government that its debts can't be paid.  The effects of that admission might be minimized with claims that the debt will be paid later, or the issuance of "vouchers" or some such.  But as it becomes apparent that the debt will never be paid in full, trust in the national currency will wane, that currency will quickly become less and less valuable, until it ceases to function.


The official US national debt is nearly $18 trillion.  John Williams ( believes it's closer to $90 trillion. The Congressional Budget Office has calculated that, including unfunded liabilities, the national debt is over $200 trillion.


We might be able to repay $18 trillion (about $55,000 for every man, woman and child).


We won't be able to repay $90 trillion ($280,000 per capita).


We will surely never be able to repay over $200 trillion ($630,000 per capita).


That means there's going to be a general default on the national debt.  When that happens, trust in the fiat dollar will evaporate, the fiat dollar will die and we will be left to look for a new-and-improved currency that everyone will trust. 


In the midst of a loss off trust in the fiat dollar, what might the people trust?  A new fiat dollar colored pink rather than green?  A new digital currency on a universal debit card?


I don't think so.


Once the fiat dollar dies, the only alternative "currency" that people are likely to trust will be gold and silver.  The demand for gold and silver should rise dramatically, and so should the price.


We might stumble into an era of hyperinflation.  If we do, that'll kill the fiat dollar. 


If we don't see hyperinflation, the national debt is too big to ever be repaid.  Sooner or later, there must be a default on the national debt.  When that inevitable default takes place, trust in the dollar will wither, the dollar will die, and the demand for gold will be huge.


The ultimate reason for owning gold is to insure your wealth against an inevitable loss of trust in the fiat dollar.  

3 Things will bring America back - Passion - Priorities and Focus




Join Laurie Roth each day on her national radio show from 7-10pm PAC at Or listen later on her archives at



It is no mystery that American history is full of 'first times' 'courage' and 'passion.' We so wanted and treasured our freedom that our founders made their wealth, reputation, safety and even lives submit to their passion for freedom. It cost big and they gave big.

No attitude reflecting 'common sense' 'scientific study' 'tyranny or control' ever could form a country like America and last for 10 seconds. Passion and courage built America up layer upon layer and achievement upon achievement. Our passion was formed and protected by our belief and submission to the God of the Holy Bible. He not only protected and blessed us but also has used us in unprecedented ways to protect the heart of freedom throughout the world when tyrants have risen up.

The mid term election was a God inspired victory full of conservative and old fashion passion. Our passion won against, voter fraud - against bigger budgets - against a sea of ruthless attack ads and the lies of Obama. It also won against the discouragement that had riddled us with holes for the last 6 years. Americans have just been reminded what a bunch of tattered, bleeding and wounded soldiers can do when they lean on each other and rise out of the trenches and fight against all odds. Welcome back Americans.

Passion must reflect American priorities to win

Americans have won in 2014 and we must win again in 2016. We cannot do that if we don't pick our battles and priorities wisely. They are all around us - things that need investigated, fixed, undone, repealed and defunded. Our reputation has been shredded by Obama and that must be dealt with as well.

Conservatives must humbly seek the wisdom of God and reflect the people's wants and needs this time. Top priorities to attend to: Repeal and destroy the very damaging Obamacare; Stop the invasion of illegal aliens, crimes and diseases at our borders - Amnesty must be defunded if Obama pulls his threatened executive order; Create real tax reform giving families and businesses desperately needed relief; build back our military where it should be - not where Obama has drug it to.

We must see leadership be able to identify real evil and stand against it here and abroad. No more kiss up to the UN, New world order agenda with the greens movement and sustainability. We want no more kiss up, funding or hanging out with radical Islam here or abroad. This will all take a HOUSE and SENATE operating on American passion peppered with real priorities.

Passion and real priorities will bring us to the finish line if we have focus

Americans are famous for talking big, entertaining with flair, starting a race looking like John Wayne then getting distracted and finishing like Pee Wee Herman. We must keep focus on our 'America saving' priorities, fueled by our passion. We cannot undo the endless Obama damage, and build back to being a light on a hill again by starting big then forgetting - by starting and stopping - by compromising with the enemy anymore. Focus - Focus - Focus.

Our distractions, miss-directions and rebellion against God have made our country vulnerable. The 'Obama rule' practically turned us into Obama's Frankenstein...full of progressive, new world order and Muslim body parts. Obama has ripped off most of our limbs and has been staring with eager anticipation at the heart monitor waiting for us to flat line. Instead, this last election we ripped out the IVs, ripped off our restraints and finally got our heart moving. Obama stared in horror as Americans ran down the hall, running past Obamacare security guards and Zombie-progressive nurses...demanding our return.

Not this time Obama. Americans have regained their God inspired passion and have found their priorities. We have our scopes focused this time and yes we are focused on our survival.


According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), nearly 62% of all homes sold nationwide last quarter could be afforded by a family earning the national median income. Two years ago -- when affordability peaked -- 78% of people could afford homes.


While mortgage rates are near record lows, home prices are on the rise -- and incomes aren't keeping up.



Prices for slaughter-ready or cash cattle in the U.S. Plains hit an all-time high on Friday, fueled by an early winter storm at a time of the smallest herd since the early 1950s.


Some beef packers paid record cattle prices of $171 to $172 per hundredweight (cwt) in parts of Kansas and Nebraska. That topped the previous high of $170 set three weeks ago and was up as much as $5 from last week's sales.


Beef packer margins were a negative $83.95 per head, compared with a negative $83.00 on Thursday and a negative $109.70 a week earlier, according to Colorado-based analytics firm



Aside from the nearly $18 trillion national debt, many state governments are looking at future budgets that are trillions of dollars in the red. And they've hidden the numbers by dramatically under-reporting that debt, according to a new report by the think tank State Budget Solutions. 


The group looked at what are known as "unfunded liabilities" -- or debt states will owe down the road. It found a number of states are fudging their numbers -- big-time -- using tricks like assuming their stock investments will soar. 


The book-cooking could mean bad news for public pensions and other programs that rely on these budgets. The report finds that, nationwide, states have unfunded liabilities of nearly $5 trillion, or $15,000 per American (even though the states allegedly low-ball that number at $2.7 trillion). 


"They're making promises that they can't keep," Joe Luppino-Esposito of State Budget Solutions told 



Bank Branches closing


Advocates have bemoaned the years-long trend of branch closures, with the National Community Reinvestment Coalition saying in a report that "the critical services they provide are essential to the vibrancy of communities." The group said that when branches close it opens to door to, among other things, predatory lenders.


"When banks are trying to collect deposits because the yield curve is steep and you're able to make a reasonable return on deposits, you open up branches," the Rafferty Capital Markets vice president of equity research said in an interview. "When you have a flatter yield curve, low interest rates and you don't want to attract deposits, you close branches."


Among institutions, Bank of America has been the most aggressive in closing offices, shutting down 41 in the third quarter alone and 148 over the past year. The bank is the second largest by deposits after JPMorgan and ranked third in branches as of June 30 with 5,099, according to the U.S. Bank Locations site.



House Republicans pass bill approving pipeline; focus turns to Senate


The Republican-controlled House passed legislation Friday approving the Keystone XL oil pipeline, setting the stage for a Senate showdown that mixes energy politics with a fight over Louisiana's Senate seat.



US retail sales rise at modest pace in October as greater hiring, cheaper gas boost spending


U.S. retail sales rose at a modest pace in October, evidence that recent job gains and lower gas prices are lifting consumer spending. The Commerce Department said Friday that retail sales rose 0.3 percent last month after falling by the same amount in September. Excluding gas stations, where falling prices lowered spending, sales rose 0.5 percent. Employers have stepped up hiring, giving more Americans paychecks to spend and boosting consumer confidence. That could spur more growth because consumer spending makes up about 70 percent of economic activity. Auto sales rose a solid 0.5 percent, after falling sharply in September. Americans also spent more at restaurants and at sporting goods and health care stores. Sales at electronics stores plunged after a big gain the previous month, when the newest iPhone went on sale.



October budget deficit increases to $121.7 billion, reflecting calendar shifts

The federal government started the new budget year with a higher deficit in October than a year ago, but the increase reflected quirks in the calendar rather than a deterioration in the government's budget outlook. The deficit last month was $121.7 billion, up $31.1 billion from a year ago, the Treasury Department reported Thursday. However, that deterioration reflected the fact that the government had to send out $41 billion in November benefit payments in October because Nov. 1 fell on a Saturday. October is the first month in the 2015 budget year. The deficit for 2014 dropped to $483.3 billion, the smallest imbalance since 2008. The expectation is that the deficit will improve further this year. The Congressional Budget Office is projecting a $469 billion deficit for 2015.



Price of oil down 2.5 percent on high global supplies, unlikely OPEC cut


The price of oil took another sharp tumble Thursday as it appeared increasingly unlikely that OPEC members will cut production to staunch a plunge in prices that is entering its fifth month. Benchmark U.S. crude was down 2.5 percent to $75.30 Thursday afternoon. It is down 30 percent since late June to its lowest level since September of 2010. Brent crude, a benchmark for international crudes that is closely correlated with the price of gasoline in the U.S., was down $2 to $78.38, also its lowest level in four years. Global supplies are ample and demand for crude weak. But based on recent statements from members of OPEC, which is meeting later this month, the cartel seems unlikely to cut production in an effort to stem the drop in prices.



Yellen: Federal Reserve needs better understanding of global financial markets

The growing globalization of financial markets requires the Federal Reserve to understand how economic developments in other nations may affect the U.S. economy, Federal Reserve Chair Janet Yellen said Thursday. Yellen said the Fed needs better insights into things such as global capital flows to achieve its domestic objectives of maximum employment and price stability.


"Fulfilling these objectives requires us to achieve a deep understanding of how evolving developments in financial markets and economies around the world affect the U.S. economy and also how U.S. policy actions affect economic and financial developments overseas," she said to participants at a Washington conference. Yellen's remarks came at the start of a two-day conference sponsored by the Fed, the European Central Bank and the Federal Reserve Bank of New York. She did not discuss monetary policy or the current state of the U.S. economy.



Fisher, president of Dallas Fed, to step down in March; search firm hired to find replacement



UK Regulator Fines Five Banks $1.7 Billion For Manipulating Currency Market

After a 13-month investigation the Financial Conduct Authority (FCA), the UK regulatory body, has once again taken unprecedented steps, fining five banks for a total of $1.7 billion in regards to foreign exchange trading.

Wednesday, the FCA said in a press release that they fined Citibank N.A. $358 million, HSBC Bank Plc $343 million, JPMorgan Chase Bank N.A. $352 million, The Royal Bank of Scotland Plc $344 million and UBS AG $371 million for failing to control business practices in their G10 sport foreign exchange trading operations.

In the statement, the regulator said that the fines were the largest ever imposed and that this is the first time they have pursued this type of group settlement. The fines could have been much worse for the five banks; however, the FCA noted that because the banks agreed to settle at an early stage, they qualified for a 30% discount. Without the discount the fines would have totaled $2.5 billion



Russia's Central Bank plans to create a domestic alternative to the SWIFT international bank transaction system by May 2015, a Central Bank official said on Tuesday.


The Central Bank of Russia wants the national payment card system to operate along with the financial message system. The regulator also intends to create a SWFT message processing center, Deputy Director of the Central Bank's National Payment System Department Ramilya Kanafina said.


The idea of creating a Russian alternative to the SWIFT international bank message system was put forward by Russia's Union of Industrialists and Entrepreneurs and the Rossiya banking association in September.


Russia's Finance Ministry published a bill at that time proposing regulation for the SWIFT system, as well as for the Bloomberg and Reuters financial market data terminals in the country.



European Parliament calls on EU to cut Russia off SWIFT bank message system


In late August 2014, media reports said the UK had proposed banning Russia from the SWIFT network as part of an upcoming new round of sanctions against Moscow over its stance on developments in neighboring Ukraine. However, this proposal was not supported by the EU countries at the time.



SWIFT transaction system


The Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion transactions a year, remitting payment orders worth $6 trillion a day. The system comprises over 10,000 financial organizations from 210 countries.

Under the SWIFT charter, groups of members and users are set up in each country covered by the system. In Russia, these groups are united in the RosSWIFT association.

Empower Yourself - Whole Food Supplements - No Synthetics or GMOs - 100% Organic -


by Herbalist Wendy Wilson


The field of vaccines is very competitive and lucrative. According to Evaluate Pharma, Pfizer dominates the vaccine field and expects to increase its dominance by 61% over the next five years. The projections are that Pfizer will generate nearly $4 billion making vaccines by 2020. Merck's Gardasil vaccine was the number two vaccine last year but recently has slid to third place. The top vaccine manufacturers are Sanofi, Merck, GlaxoSmithKline (GSK), Pfizer and Novartis. Vaccines are big revenue generators and the rumors that big pharma does not make money making vaccines is simply not true. Now that legislation is in place and offers vaccine manufacturers immunity to death and damage lawsuits, they can shorten the time it usually takes to make a supposedly "safe" product and fast track it to the marketplace. The announcement that Swiss company Novartis earlier this year sold its vaccine branch to GSK for $30 million was an indication that the competition is fierce. Let's find out how vaccines are evolving, what is in vaccines and how we can protect ourselves.



Anyone listening to creditable news reports knows that the CDC owns the patent on the Ebola virus. We also have heard that GSK is racing to produce a vaccine for Ebola but recently reported that the earliest the vaccine would be ready is late 2015. Recent reports have surfaced that the University of Texas at Austin is working on a breathable Ebola vaccine. They say it works wonders on monkeys offering them a 67% to 100% protection. Well, we all know how science massages the numbers in clinical trials and it is more likely any protection is miniscule (0% to .0067%). We're supposed to believe that the respiratory vaccinated primates were injected with a lethal dose of Ebola Zaire virus five months later and 50% of them survived. What happened to the 100% protection? You may be asking why they would develop an inhaled version of the Ebola vaccine. The pharmaceutical company would have you believe it is more effective and cost effective than a needle vaccine and say it has a longer shelf life. However, medical doctors will tell you that infecting the pulmonary is the fastest way to infect someone because it is immediately infused into the blood. The research on the breathable Ebola vaccine was published in the journal of Molecular Pharmaceutics (11/5/14). If the needle and the breathable vaccine are not to your liking just wait, they are working on delivering the vaccine through a thin film strip just like a breath mint under the tongue. Clinical trials on both the breathable and film strip Ebola vaccine will be carried out in West Africa very soon. The other vaccine companies are working on developing the traditional vaccine delivered via syringe.



In the past I've mentioned what has been included in vaccines (childhood and flu vaccines). Just when you thought the vaccines couldn't get any worse we find that the current flu vaccine (Flucelvax) contains canine (dog) cells in it. The CDC explains that traditionally eggs were used to grow disease cultures for the A & B influenza pathogens and can take half a year to make. Mammals have been used in vaccine manufacturing such as monkey kidneys, pig kidneys and now dog kidneys. These are known as cell-based vaccines. This year Solvay Pharmaceuticals and Norvotus have developed the flu vaccine using dog kidneys (Madin-Darby Canine Kidney cells) to replace the fertilized chicken eggs. We're told the mammal cells give more flexibility than the chicken eggs. What does that mean? It is suggested that to culture the disease it is much more economical to do on mammal cells than on eggs. The industry complains that there is not an adequate supply of chicken eggs. Assessment research on canine cell-based vaccines reports that they are as safe as any mammal substrate for an oncology risk of tumor genetics. Clinical testing on the dog version of the flu shot are reported as having the same side effects as all the rest. These cell-based vaccines have been approved for use in Europe and contain three influenza sub-types A, B and H1N1 (bird flu). You should know that the idea of using dog cells in cultivating disease for vaccines has been in development since 1958 when the kidney cells from a cocker spaniel were harvested for research. Science has explained that it can take about a decade to make and test vaccines. Therefore, how are we to accept when pharmaceutical companies fast-track vaccine research and production into a twelve-month time frame? Check out this verbiage out on the Flucelvax product; "The Flucelvax vaccine is aimed towards individuals over the age of 18" (Emphasis added). Do you feel like a target if they are aiming a vaccine at you? As usual, medicine tells us that the flu vaccine (made from either eggs, monkey, pig or dog) is not safe for children under 18, however pregnant women are encourage to get it. If you inject a mother with disease you inject the unborn child with disease. According to the clinical trial research with pregnant rabbits, Flucelvax produced fatal results to the embryo. The vaccine has not been evaluated in pregnant or nursing mothers and it is unknown what will happen to the unborn child or if the vaccine would be excreted through mother's milk. What are the ingredients and side effects of vaccine? Aside from the flu viruses they are; potassium chloride (a metal halide salt composed of potassium which can adversely affect the heart, liver, brain and lungs), sodium chloride (can cause pulmonary complications), magnesium chloride (swelling of the throat, difficulty breathing), sodium phosphate, dibasic, dehydrate (seizure, convulsions, digestive disease, bowel, urinary and heart damage), potassium phosphate, monobasic (nausea, vomiting, diarrhea, dizziness, headache, stomach pain and muscle cramps) and water.



There are reports that the use of canine cells in disease culturing isn't just for the flu vaccine. According to, canine cell cultures have been found in the Medi-Mumps vaccine. It is well known that childhood vaccines cultured on eggs produce allergies in children and it is likewise anticipated that vaccines using canine will produce allergic reactions to dogs and would be dangerous to those already allergic to dogs. There is a listing for contradictions that anyone with a hypersensitivity to any components of the vaccine (canine hair proteins) should use caution. According to, the manufacturer of the Medi-Mumps vaccine is in the Czech Republic and is simply packaged by a UK pharmaceutical. The vaccine is being promoted as a substitute for children allergic to eggs and endorsed by the WHO. 



One might ask how the pharmaceutical manufacturers harvest the canine kidney cells for the vaccine. If eggs are not abundant enough, how could dog kidneys be easier to obtain and more economical? The answer is they breed their own supply. Therefore, a dog kennel is in or near a vaccine manufacturing plant. Can you imagine how much bacteria that generates? What are the changes that the mammal material used to make vaccines is contaminated with bacteria or other pathogens? If USDA beef is 39% to 81% contaminated with E-coli, pneumonia, urinary tract pathogens and antibiotic resistant bacterial strains then what are the chances that secret canine kennels which harvest kidneys are any cleaner?



In 2013 the FDA gave pharmaceutical manufacturers the green light to manufacture flu vaccines without eggs and use insects instead. To make the Flublok vaccine they use the ovaries of the fall armyworm to culture the disease. The FDA liked the shorter time frame needed to manufacture this vaccine. According to the National Institute of Allergy and Infectious Disease, using worms takes just 21 days whereas the egg cultures can take as long as six months. Instead of needing millions of eggs to culture the virus, now they need millions of armyworms. How do they use worms to make flu shots? After they isolate the hemagglutinin from the current strains of influenza to include in the vaccine they inject it into another virus that only infects insects (a mystery which virus). They take the virus combo to infect billions of agricultural pests called armyworms. The worms then produce the HA gene protein that becomes the serum for the vaccine. The cell-based vaccine procedure allows big pharma to double and triple their vaccine production from 10 million doses a week to 30 million. Flublok vaccine costs $30 per dose with the average flu shot costing $5 to $40. For those with insurance the out of pocket cost is $10 to $15. Flublok is not administered to anyone under the age of 18. So, if cell-based vaccines are fast, more flexible and economical then why do they cost consumers on average more than the egg based vaccines? Other than the influenza sub-type A & B and H1N1, what are we told is in Flublok and what are the side effects of these ingredients? The vaccine contains sodium phosphate, monobasic, monohydrate (digestive bleeding, constipation, ulcers, seizures, liver damage, heart damage, urinary tract damage), sodium phosphate, dibasic (seizure, convulsions, digestive disease, bowel, urinary and heart damage), dodecahydrate, sodium chloride (shortness of breath, allergic reactions, swelling of face, tongue, throat, lung damage), polysorbate 20 (produced by ethylene oxide-4-dioxan and potential carcinogen, severe tissue irritation, heart damage, blood infections, seizures and death), octoxynol 9 (spermicide contraceptive, breaks down oil in skin, known to cause infertility in men) and water.



According the Dr. Mercola the statistics on death by flu is distorted by the CDC and more people die of malnutrition and asthma. In 2004 death by flu was 1,100 and in 2005 it was 1,806. The CDC likes to mix in death by pneumonia or emphysema or COPD in with the flu stats to enhance their statistics. Insert in the Fluvaval flu vaccine which explains it has not been tested:


" FLULAVAL is an influenza virus vaccine indicated for active immunization of adults 18 years of age and older against influenza disease caused by influenza virus subtypes A and type B contained in the vaccine. This indication is based on immune response elicited by FLULAVAL, and there have been no controlled trials demonstrating a decrease in influenza disease after vaccination with FLULAVAL."



The average flu vaccine will contain mercury over 250 times the safety limit established by the Environmental Protection Agency. Flu strains are cultivated and made inactive by formaldehyde (a cancer agent) and preserved in thimerosal. Pediatricians and other physicians may try to convince patients that the mercury has been removed. However, thimerosal is 49% mercury by weight. Here is a list of other ingredients added to the pathogen(s) in your average vaccine:


Aluminum (neurotoxin linked to Alzheimer's)

Triton X 100 (detergent)

Phenol (carbolic acid)

Ethylene glycol (antifreeze)

Betapropiolactone (disinfectant, proof that vaccines can be contaminated with bacteria) Nonoxynol (for STD's)

Octoxinol 9 (vaginal spermicide)

Sodium phosphate


Based on the ingredients now considered standard in the US, UK and other parts of Europe, there is a consensus that vaccinations are also sterilization drugs.



The side effects are varied and will attack the individual in their weakest area; such as life-threatening allergies, Guillain-Barre Syndrome (a paralytic disease and can be fatal), encephalitis (brain inflammation), neurological disorders (MS, autism etc.) and thrombocytopenia (blood disorder).  It is interesting that 70% of doctors and nurses and 62% of overall healthcare employees do not volunteer to be vaccinated. More and more professional healthcare workers are leaving the field rather than be forcibly vaccinated or they are looking for exemptions or a way to reverse the vaccine.



Doctors and nurses when asked why they don't want the flu vaccine or any vaccine and the reasons they give are:

  1. They are skeptical that the vaccine works.
  2. They believe their immune system is strong enough to fight the flu.
  3. They don't want to take the risk and develop side effects.



The medical doctor and epidemiologist Wolfgang Wodarg (Head of Health of the Council of Europe) says the Swine Flu epidemic was, "A false pandemic to sell vaccines and one of the greatest medical scandals of the century." You have to wonder if the Ebola pandemic is another scandal in order to force disease-filled, GMO and DNA mutated vaccines on countless victims. Detectives look to who has motive and the CDC is a good candidate since is owns the Ebola pathogen patent.



Science is constantly using different animal and insect cell strains to develop vaccines. There are different animal cell strains in current vaccines used in the US and a majority of them were developed through the vero African green monkey kidney cell line. The vaccines are:


  • Rotavirus vaccine (GSK's Rotarix or Merk's Rota Teq)
  • Polio (Sanofi's IPOL (Pasteur)
  • Smallpox (Sanofi's A-CAM2000 (Pasteur) - used only for military personnel
  • Japanese encephalitis (Intercell's Lxiaro ) - used if traveling to areas known to have the disease





I personally refuse to allow this crazy world to rob my peace of mind. I prefer to believe God when He said, "Herbs are here for the service of man" (PS 104:14). What service would that be? For the healing of the nations (Rev 22:2). Herbs such as Gentian Root, Red Cover and American Ginseng contain an isoflavone called genistein to inhibit the Ebola virus. You will find red clover and American Ginseng in the Pandemic Kit and you can add Gentian root to your kit at Apothecary Herbs The Pandemic Kit is also great for cold and flu or you can order their Cold & Flu pack or any of their immune boosting formulas (My 3 Amigos) to satisfy any budget. Your immune boosting herbs are also naturally very high in vitamin C and zinc. Call Apothecary herbs now 866-229-3663, International 704-885-0277, because when you're serious about herbs you need Apothecary Herbs. 



The information contained herein is not designed to diagnosis, treat, prevent or cure disease. Seek medical advice from a lincensed medical physician (if you dare) before using any product or therapy. 

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