Two Excellent Videos

Viewing both of these is time well spent.

I met Dan Ameduri of http://www.futuremoneytrends.com last year at FreedomFest. He works very hard and runs a great site. This past weekend, he sent over a couple of videos from me to review and I though I would post two of them here for everyone to see.

This first one is an interview of Marin Katusa of Casey Research. This tremendous discussion not only covers some of the usual topics, Dan and Marin spend quite a bit of time discussing something we don't cover much here at TFMR...uranium.

The video is linked below and the full transcript can be found here: http://futuremoneytrends.com/blog/?p=10123

 

The second video is Dan's interview of Jim Rickards. Again, the transcript can be found here: http://futuremoneytrends.com/blog/?p=10062 and the video is embedded below.

 

TF

121 Comments

Turd Ferguson's picture

Update for last Friday's GLD thread

MODERATOR

Magically another 96,450 troy ounces have appeared in JPM's eligible vault today.

Does that number look peculiar to you???? It should!

IT'S EXACTLY HALF OF WHAT MAGICALLY APPEARED IN THEIR ELIGIBLE ACCOUNT ON FRIDAY!

And...

96,450 troy ounces is almost exactly THREE METRIC TONNES...

2.99993 metric tonnes, to be exact. This is just two ounces short of 2.99999

Recall that Friday's eligible addition was 192, 900 ounces. Exactly four ounces short of six metric tonnes.

WHAT A COMPLETE AND UTTER SHAM THIS IS!!! NINE METRIC TONNES IN TWO DAYS SUDDENLY AND MAGICALLY APPEAR IN THE ELIGIBLE ACCOUNT AT JPM.

Motley Fool's picture

Why

Why is it a sham? It has long been suspected that the BB's are using GLD as additional reserves. That they are tapping it is a good sign, in that they have no additional resources to muster. GLD is the cheapest way for them to hold gold, as someone else is picking up the storage fees and other tabs. For this reason it is also a last resort.

It's a finite fund and will be shut down long before it hits zero, as the big money is cashed out.

This seems like positive news to me.

Turd Ferguson's picture

Sorry I wasn't clear

MODERATOR

Yes, the GLD is a sham.

In this case, the sham to which I am referring is the Comex "vaulting" system.

  • 192,900 of eligible paper gold (4 ozs short of exactly 6 mts) taken in on Friday
  • 96,450 of eligible paper gold (2 ozs short of exactly 3 mts) taken in today

NO WAY that these totals are real, actual, physical gold. The odds against this happening by chance...the tonnage and ounces being this precise...and, for today, exactly half of Friday, are astronomical. 

Response to: Why
ancientmoney's picture

Turd re: JPM's eligible account . . .

In this case, I agree with Motley Fool.  This appears to be GLD shares (paper gold) being used to buttress JPM's supposed eligible gold.

As MF said, the corrupt system treats GLD paper as equal in all respects to phyzz.  Sure, its a corrupt system to us regular folk, but to bankers and regulators, its just another day at the office.

Kcap's picture

@motley

Its a sham because:

For what you might consider to be a genius move by the BB's, to have a supply of gold held in an ETF where the investor pays the vault fees and indeed BOUGHT the gold to begin with, many others would see it as another example of the Street giving the general public the shaft.  Do you remember how heavily marketed the ETF's were to people?  Only to find out that they are paying the fees, are only and will only hold paper gold, and CANNOT EVER redeem any under 100,000 units, if indeed they are allowed to redeem at all.  The prospectuses for these ETF's are a mile long and they are set up in advance, with full FORE-knowledge of planned events to come, whereby the little guy gets fleeced and the big guy plunders again, in a rigged game. 

So, yes....it is good news for people holding gold that the gig will be up soon.  But, when Turd and others say its a sham, I am sure this is the type of thing they are referring to.  You know...because they have a moral conscience where so many others like Mr. Christian (ironic last name, huh?) do not.

Kcap

Motley Fool's picture

Yes

Yes, the odds of that are very low. So the numbers were either poorly chosen or deliberately chosen.

Hmm. If i were to speculate, I would say there were shifting gold from gold. So as not to appear too obvious they wished to stagger their accounting so there were no perfect matchups.

It is not tecnically posssible to use the 400oz GLD bars for COMEX deliveries, but they would have been able to do a loco swap from one to the other. These two final 3 digit numbers tells me the accounting is not yet complete, in the above scenario.

Fwiw, I do think GLD has exactly the tonnage of gold they claim. In the big picture though it's not that much and certainly won't last long if it is their last resort.

Motley Fool's picture

Kcap

I was not discussing the ethics of it. Of course it is morally reprehensible, but one shouldn't let indignation as to what is happening keep one from observing it neutrally.

The public always gets the shaft. This is the way it is. The best you can do is protect yourself and try to warn others.

Edit : 10.51 tonne puke today fwiw

RobG's picture

How does the government set the price of gold like 1932?

In the 2nd video, Jim Rickards makes the statement that if all options to create inflation do not work, they can do what has always worked, revalue gold like they did in 1932(I think that was the date he said).  In that time period, the dollar was pegged to gold so they could just change the number of fiat/oz.  Since the dollar is no longer pegged to gold, they cannot just  revalue it.   Do they just stop financing the EE and let gold go up for a while?

Motley Fool's picture

RobG

This would be one way to do it : http://fofoa.blogspot.com/2011/06/open-letter-to-ron-paul.html

@others

Yes, I know. I had the audacity to link another post from that persona non grata. Bash away. Meh.

Turd Ferguson's picture

WOWOWOWOWOWOWOWOWOW!!!!!!

MODERATOR

For those keeping score at home...

The sham GLD was plundered for another 10.51 metric tonnes today. New "inventory" is just 871.72 metric tonnes.

Now down 478.2 metric tonnes YTD or 35.42%. Now down 34.27 mts MTD or nearly 4%.

Btw, 10.51 metric tonnes is 337,904 troy ounces OR about 845 of these:

Turd Ferguson's picture

I'm confused

MODERATOR

Where are we all disagreeing? Not seeing it.

Yes...the fact that the GLD is being drained while other gold ETFs are not....and that this happens consistently during Comex delivery months...clearly shows that the fractional system is fracturing, right here and right now, right before your eyes. Combine this GLD draining with the current 4-day stretch of negative GOFO and the picture becomes even more clear.

Mr. Fix's picture

Gold doesn't necessarily have to be revalued:

Only the dollar does. Of course for Americans, there wouldn't be any difference, the price of  an ounce would double instantly, but  of course, so would everything else (except wages).

Either way, the standard of living for Americans is about to take a major hit. 

I still feel rather strongly that the evil Empire intends to demolish the dollar before the price of gold has any significant move in value relative to other currencies.

 This would allow China to scoop up the rest of the world's  reserves at fire sale prices.

This would leave Western civilization with nothing left of value except the very land that we are standing on.

Bugzy's picture

Fix

Thanks for the great feedback earlier.

As for your above: The USA cannot unilaterally devalue. Take Canada for example (oh yeh, you already did). They could not allow 2 USD = 1 CAD. Canada exports would stop overnight. So with many others - there is still the need for a voluntary (loose) peg.

When the US sneezes - the world will get double pneumonia. Then there is that derivative thing.

Bollocks's picture

Kick-you-in-the-nuts truth

Just watched a 90 min documentary about the Russian girl punk band Pussy Riot, two members of which are now locked up for simply expressing their views.

In their closing defence speeches they had some words to say.

These are young women. Listen to the truth that the most vocal one of them speaks at 1hr 13 min 10 secs in (up to 1.15.15 - just 2 mins). This is in a criminal court where the eyes of the media and the world are upon her - this trial had worldwide exposure.

She starts off reading from her notes, but as she speaks from her own conviction and her connection with what she knows is true, well see for yourself...

(it should start at that time, if not just skip to there)

btw, if you have the time, do watch the whole thing yes. It is an excellent documentary.

 

Turd Ferguson's picture

I'll add this...

MODERATOR

The U.S. isn't going to voluntarily revalue gold v the dollar. The Chinese will take care of that for them and the U.S. won't have any say in the matter.

¤'s picture

Now that the election is over...Achtung!

Angela's Agenda: A Grand, Controversial Plan for Europe

Angela's Agenda: A Grand, Controversial Plan for Europe

Angela Merkel's domestic policy in her third term will likely be confined to higher spending. But she has grand plans for Europe. SPIEGEL has learned she wants Brussels to have far more power over national budgets. It's a risky move that EU partners and the Social Democrats are likely to oppose. By SPIEGEL Staff more...

http://www.spiegel.de/international/

Turd Ferguson's picture

This is fun, too

MODERATOR

¤'s picture

Perfect Strangers

 
Live 24 hours gold chart [Kitco Inc.]

 
Live 24 hours silver chart [ Kitco Inc. ]

Tokyo markets opens up shortly...

tokya_hdr.jpg (3008×2000)

Turd Ferguson's picture

DPH

MODERATOR

That's just ridiculous, both of those charts.

Thanks for posting, my friend.

Response to: Perfect Strangers
Turd Ferguson's picture

As many of you know...

MODERATOR
I Run Bartertown's picture

Bollocks - You can have them

They're gross.

Their 'statements' are much less political than they are just vulgar anti-church antics and vandalism.

They are a product of the US National Endowment for Democracy .

941869_300.jpg

"The US taxpayer funded "National Endowment for Democracy" is one of several American "Soft Power" (CIA) destabilization groups (known as Non-Governmental Organizations /NGO's) operating in Russia. Among their many grant recipients is a Russian "art collective" known as "Voina" (Russian for War)."

voina500x333.jpg
American tax dollars at work.
.
"The mentally deranged members of "Voina" specialize in staging shocking acts of public indecency. In a grocery store aisle, "Voina" films one of its members as she shoves a whole chicken carcass up her vagina, then walks out without paying as only the chicken's head dangles from her vagina!"
 
voina500x333.jpg

 

"Voina" member (and future leader of "Pussy Riot") Nadezhda Tolokonnikova, covers her naked body in large cockroaches. In another action, this same stunt was done in front of a pre-school."

madonnancert.jpg
The girl on the left appears to be pointing an imaginary gun at the worshippers.
..
"As a gang of "Voina" members film and blast music in the Cathedral, four other deranged masked feminists storm the altar of the cherished Cathedral and begin screaming that Putin is "Shit! Shit! The Lord's shit"  and that Patriarch Kirill is a "bitch". Their "Punk Prayer" song also urges Mother Mary to "become a feminist." Priests, nuns, and worshippers look on in stunned disbelief as their cherished Cathedral is desecrated and their Patriarch mocked."
 
 
 
 
Wizard's picture

The Gas Pedal Gets Pressed A Little Harder

India’s prime minister is in Moscow to sign multi-million cooperation contracts and to discuss Afghanistan and Syria. The visit comes as BRICS economies seek ways of challenging US hegemony in world affairs.

Manmohan Singh has arrived in Moscow as part of his four-day trip to Russia and China. The tour comes in the wake of the last week’s US debt ceiling crisis, which provoked an anti-Washington outcry from Beijing. It appeared in the form of the now much-cited call for “de-Americanization” in a Xinhua editorial, which blamed Washington for abusing “its superpower status” and “introducing even more chaos into the world by shifting financial risks overseas.”

The BRICS countries – Brazil, Russia, India, China and South Africa – have already put some effort into shifting the global economy from the dominance of the US dollar and “establishing new architecture of multi-polar world order,” according to Russian President Vladimir Putin.

http://rt.com/news/indian-pm-visit-moscow-475/

Edit From End of A Couple Threads Back, Thought it was kind of important enough to repost

W

DeaconBenjamin's picture

Treasuries Lose Cachet on Lowest Foreign Demand Since ’01

The $11.6 trillion U.S. government bond market is losing some of its luster.  America’s borrowing costs are on the cusp of exceeding the rest of the world for the first time since 2010 after a political stalemate over public funding triggered a 16-day government shutdown and jeopardized the nation’s ability to pay its debt. Yields on Treasuries, which averaged less than 1 percent as recently as May, are now within 0.2 percentage point of the 1.57 percent for sovereign debt outside the U.S., according to Bank of America Merrill Lynch indexes.

While lawmakers reached an agreement last week to avert the country’s first default in its 237-year history, overseas investors who own almost half the Treasuries outstanding have reduced holdings for four straight months, the longest stretch since 2001. Their growing reluctance to finance the world’s biggest debtor nation may lift borrowing costs further and harm an economy that has yet to fully recover from the deepest recession since the 1930s. Each percentage point increase in Treasuries would boost annual U.S. funding costs by $20 billion, based on the amount of debt issued in the year ended Sept. 30.

“Default or no default, the damage is already done,” Steve Major, the London-based global head of rates strategy at HSBC Holdings Plc, Europe’s largest bank, said in a telephone interview. “Politicians are kicking the can down the road when the world needs a longer-term solution. This sort of political brinkmanship undermines confidence.”  Major, whose firm is also one of the 21 primary dealers of U.S. government securities that are obligated to bid at Treasury auctions, says that while the Federal Reserve will keep suppressing borrowing costs to buffer the economy, lingering doubts wrought by the political discord will likely cause bondholders to demand more to own the longest-dated Treasuries relative to shorter-term debt over the next year.

Overseas investors have sold a net $132 billion of Treasuries in the four months ended July, the longest streak in 12 years, and are poised to add to their holdings at the slowest pace since at least 2001, the most recent data show.  Their proportion of Treasuries dropped below 50 percent in April before falling to a six-year low of 48.7 percent in July, from a peak of 55.7 percent in April 2008.  While Treasuries rebounded after the accord, the debt-ceiling debate has dissuaded foreign investors from putting money in U.S. debt, according to Laurence D. Fink, chief executive officer at BlackRock Inc. (BLK), which oversees $4.1 trillion in assets as the world’s biggest money manager.

The U.S. Treasury is probably paying 0.6 percentage point more to borrow money as a result, Diekmann said in an Oct. 15 interview at Bloomberg’s headquarters in New York.  The $35 billion auction in three-month bills on that day priced at a discount rate of 0.13 percent, the highest since February 2011. The rate was 0.01 percent at the Sept. 30 sale.

http://www.bloomberg.com/news/2013-10-20/treasuries-losing-cachet-with-weakest-foreign-demand-since-2001.html

Mr. Fix's picture

In the end, Turd is correct.

The US isn't “voluntarily” going to devalue its currency, that is something that will be forced upon it by foreign entities.

All the US is going to  do is print the dollar into oblivion.

I still think a false flag will be used to usher in martial law, while the dollar is still a credible form of compensation, others think the dollar collapse itself will be the  reasoning used for our  loss of freedoms.

Either way, the dollar, and the US are being intentionally destroyed, and the order in which this unfolds is entirely up to those who have planned it. 

As far as exchange rates are concerned, the Jim Willie idea of the dollar trading differently inside and outside the country might work in a dollar   devaluation  scenario, but no matter how you play this thing out, it does not end well for America.

Bugsy is also right, when the US sneezes, the rest of the world catches a cold, and I suspect a massive case of double  pneumonia will infect the entire planet when this unfolds.

It's time to learn Mandarin,

there's going to be a new land of opportunity when this all blows over.

¤'s picture

The Dragon's Spear

The Dragon's Spear: China's Asymmetric Strategy

By Loro Horta


209449.jpg

Over a decade ago the Federation of American Scientists described the Chinese missile program as a pocket of excellence in an otherwise problematic indigenous military industry. In 2010 the Chinese military was reported to have started tests on its most ambitious missile project, the DF-21A, an anti-ship ballistic missile. In early 2013 several reports claimed that the missile had begun to be deployed in small numbers in Southern China. The DF-21A is reportedly designed to be an aircraft carrier killer aimed at deterring US aircraft-carrier battle groups from interfering in case of conflict overTaiwan and other flashpoints like the South China Sea.

China's decision to use ballistic missiles for anti-ship warfare is unusual considering that targeting moving ships with a missile on a ballistic trajectory is much harder and requires more sophisticated navigation than cruise missiles. The People's Liberation Army decision to opt for an anti-ship ballistic missile, or ASBM, reflects the growing confidence and sophistication of its military industries.

Analysts are divided over the implications of the new system for the US military. Some, not surprisingly, claimed that it is a game-changer and a threat to US forces in the region. Other analysts observed that the US military has several ways of defeating the ASBM such as using decoys and by targeting Chinese support and communication systems. While both sides of the debate have raised valid points, one should not see the Chinese ASBM in isolation, but as part of larger process of military modernization and a changing doctrine in the PLA.

Chinese military strategists have for millenniums been fascinated by asymmetric methods of warfare. China has no illusions about its military inferiority vis-à-vis theUnited States and knows that the status is likely to endure for at least two decades.

As such the PLA has been developing a full range of asymmetric strategies to deter the US until its military reaches maturity. Aware of the US dependence on space and satellite communications to conduct even the most basic military operations, the PLA has for the past decade invested significant amounts to develop anti-satellite weapons. In January 2007 China fired its first anti-satellite missile destroying one of its own aging satellites in outer space. In May 2013 China fired a rocket carrying no payload over 10,000 kilometers into outer space, the highest launch since the mid-1970s. The absence of a payload such as a satellite could suggest the rocket is designed as an anti-satellite weapon.

In addition to ballistic missiles and rockets, China has also experimented with green and blue laser weapons with the US military accusing China of firing several laser beans at its satellites. Laser pulses can disrupt satellite communication and depending on the strength could destroy it.

China's missile program has also progressed steadily in the area of cruise missiles with accuracy and range improving rapidly. Progress in missiles, which one would expect as a result of greater advances in China's space program, is demonstrated by the growing number of satellite launches and the program's growing sophistication. China's lunar program is a further reflection of the priority it attaches to space.

The PLA's asymmetric warfare strategy is not limited to the domain of outer space, but extends to the other domains of battle - land, sea, air and cyberspace. For instance at sea, the Chinese PLA Navy is not focusing on matching the US carrier for carrier or ship for ship as some might expect. China has been deploying a growing number of attack submarines, both conventionally powered and nuclear powered, with submarines accounting for 45 percent of its naval combatants, the highest percentage among the world's major navies. In addition to submarines, the Chinese navy is deploying thousands of land-based missiles, both ballistic and cruise types. The navy is also developing dozens of stealth fast-attack missile craft and corvettes such as the Hubei class catamaran. In narrow seas and close coastal environments, these vessels can be quite effective against larger craft, particularly if deployed in swarm tactics.

1 | 2 | Next Page››
 
http://www.realclearworld.com/articles/2013/10/19/the_dragons_spear_chinas_asymmetric_strategy.html
 
¤'s picture

More news...

MARKETS

Istanbul_spice_bazaar_02.jpg (1280×784)

Gold Could Lurch Higher, Leaving Stocks Behind - Dan Oliver, Myrmikan

The Market's 'Mission Accomplished' Moment - Todd Harrison, Minyanville
China's Wake-Up Call from Washington - Stephen Roach, Project Syndicate
Sorry, There's No Alternative to the Dollar - David Marsh, MarketWatch
When Brands Go Bad: 14 Global Giants Losing Value - The Fiscal Times
Why Google Blows Apple, Yahoo, Microsoft Away - Rocco Pendola, TheStreet
JPMorgan's Fine Is Bad News for BofA, Wells - Cyrus Sanati, Term Sheet
Is Breathing in China as Bad as Smoking? - Adam Minter, Bloomberg
When Adult Children Return to the Bird's Nest - Elaine Pofeldt, CNBC
Three Little Words to Never Say in an Interview - Martha White, TIME
How I Did It: 15 Years In Corporate To Startup CEO - Tiffany Pham, Forbes

Jamie Dimon's $13B Sin? Bashing Obamanomics - Charles Gasparino, NYP

Mr. Dimon Deflects Blame, Sticks the Shareholders - Michael Hiltzik, LAT
Feds Shake Down Morgan Because They Can - Editorial, Wall Street Journal
There Will Be No $24B Economic Loss from Shutdown - Jeff Dorfman, RCM
The Shutdown's Economic Damage Will Be Hard To Undo - Editorial, NYT
Let's Drop the Notion of 'Entitlement' - Robert Samuelson, Washington Post
Calls For Austerity Will Hurt Global Economy - Michael Ivanovitch, CNBC
Greenspan: You Economists Don't Know Anything - John Tamny, Forbes
Jack Dorsey: College Dropout, and Billionaire - D.T. Max, The New Yorker
The Best Job at Amazon Is Jeff Bezos' Shadow - Brad Stone, Businessweek
The 5 Things Investors Should Fear the Most - Peter Hodson, National Post
The Houdini Stock Market Evades Bad News Again - Ben Levisohn, Barron's
Mr. Market More Insightful Than O, Reid & Boehner - Terry Keenan, NYP
Why the Failed Cities In World's Richest Country? - Carl Schramm, Forbes
Politics Aside, Economic Outlook Is Good - Irwin Stelzer, Weekly Standard
Robert Shiller: A Skeptic and Nobel Winner - Jeff Sommer, New York Times
The Million Dollar Listing Chase: Never More Intense - Lauren Blum, WSJ

Lessons Of The 1987 Stock Market Crash - Jon Ogg, 24/7 Wall Street

Why The Obamacare Mess May Be Good News - Calafia Beach Pundit
Just Don't Be This Guy - Ex-Cog, I Heart Wall Street
The Teflon Market - Wade Slome, Investing Caffeine
ETF Investors Make A Huge Bullish Bet - Jeff Cox, NetNet
The Sensational Success Of Small Cap Stocks - BusinessWeek

Weekly Economic & Financial Commentary - Wells Fargo Economics Group

Lots of Drama for a Minimally Rational Outcome - Richard Moody, Regions
A Bigger Shoe To Kick the Can Down the Road - Tom Sowanick, Omnivest

Kerbouchard's picture

Pussy

I took the time to watch a good portion of the video, and the following is my humble opinion.

Personally, I tend to recoil at such behavior.  It's not the message so much as the fact that they encroach on others' territories and beliefs.

Artistic and personal expression are all very fine, but in-your-face disrespect for others, whether or not one likes the church and/or the president, does little to further a cause.

BTW, I was locked up twice in two different countries back when I was a youth, so I feel qualified to opine on this subject.

On a lighter note, I must say that Nadya is very easy on the eyes.

DayStar's picture

Harvey's Up!

Bill Holter: Since JPM sent out the letters to some clients indicating that restrictions on movement of their money were to be put into place, Fox News and Forbes both issued reports saying that JPM's actions are not capital controls. These articles were "explanations" rather than JP Morgan coming out and making a definitive statement. Capital controls are without a doubt part of our future.

  • Harvey: GOFO numbers are now mostly in the negative as gold is now extremely scarce as the boys are finding it harder to find physical. Gold is in backwardation from 1 month out to 3 months out. 
  • Mark O’Byrne (GoldCore): Gold edged up to near one and a half week highs above $1,316/oz today, supported by a surge in the U.S. National Debt of $328 billion in one day to over the $17 trillion mark. The can kicking exercise that was the U.S. budget deal last week extends the U.S. government's borrowing authority through to February 7th and restores federal funding until January 15.
  • Zero Hedge: The simple truth, as you can see from the diagram above, is that the economy and the markets are now 100% dependent on the largesse of the Federal Reserve to sustain them.
  • In December, HSBC admitted to laundering $881 million for Mexican and Colombian drug cartels, and also admitted to violating our sanctions against Iran, Libya, Cuba, Burma, the Sudan. They didn’t do it just one time. It wasn’t like a mistake. They did it over and over and over again over a period of years. And they were caught doing it.  Has anyone gone to jail? Apparently not. A cynic might say that Treasury, Justice and the Fed now operate more like in-house council for Wall Street, cleaning up messes and negotiating settlements, and all this was done without naming any corporate officers.  Apparently, the bankers involved are too big to even name.
  • Egon von Greyerz: in the race to the bottom between the major currencies, the dollar will be the winner. The US dollar, with over $200 trillion of debt and liabilities attached to it, must be first to the bottom because the US is in a state of chronic default. There is no cure for it. So the dollar is now starting the last race to the bottom and will soon reach its true intrinsic value which is zero.
  • Eric Sprott: The numbers speak for themselves [that demand for gold is twice global mine production].  China imported something like 100 tons (of gold). Now they import 1,200 (tons of gold). They’ve increased their tonnage (of gold purchases by a staggering) 1,100 tons. If the total (world) supply, including recycling is 4,000 (tons), which I highly doubt, that means they’ve come in and bought an extra 25% of the market. How can somebody come in and buy an extra 25% of the (entire global) market at that same time that the price falls by 30% or 40%? It’s just totally ridiculous that it would ever manifest itself that way.
  • Grant Williams:  People in Asia are staggered at what’s happening in the West. “They are amazed at the prices on the Comex. They don’t really understand them because they see what the gold price is supposed to be, and yet they go to the store and the price of gold is always higher. So they don’t really understand what the West is doing, but they are very, very happy to pick up as much gold as they can.
  • Egon von Greyerz: There is no chance of bridging that gap with Greek households having lost 1/3 of their incomes in the last 5 years. And with the eurozone banks insolvent, it means that the ECB, as well as the eurozone governments, are also insolvent. We also know that Japan is a basket case. So this is not a pretty picture, Eric. Most of the major economies in the world are insolvent, and have no solution except to print even more money. But this is no solution because you don’t solve a debt problem by adding even more unmanageable debt to the balance sheet.
  • Eric Sprott: India consumed slightly less than 2,000 tons of silver late year. It would appear they are going to consume 6,000 tons this year.  But when you (as India) buy an extra 4,000 tons of silver in a year, you are buying an extra 17% of the (entire global) market. So we have a new entrant into the (silver) market who takes down 17% of the supply, and the price goes down.  Logically this should not happen (the price of silver going down). So, I’m very optimistic on silver.  The US Mint silver sales have just been booming here. They are still 50/1 in terms of the physical relationship to gold at the US Mint.

All this and more on...

The Harvey Report!

http://www.tfmetalsreport.com/comment/359831#comment-359831

DayStar

silver66's picture

Pussy riot

I forwarded to the time mark suggested, what she said was powerful, but what struck me more than her words were the look in the eyes of her jailers as they carried out their duties. I saw who the real imprisoned people were. 

As for their antics I have no opinion on them, but I guess some people are put on this earth to comfort the afflicted and some are put on this earth to afflict the comfortable. I know what Pussy Riot is. wink

Silver66

Turd Ferguson's picture

Important email from Dr Janda

MODERATOR
Friends, 
 
Today, The Drudge Report and The Washington Times stepped to the plate and followed up on the interviews we did on Operation Freedom with Charles Strange & Larry Klayman on The Murder of Seal Team 6..... if you haven't listened to those interviews..... you need to..... www.davejanda.com ..... go to the blog entry on the Murder of Seal Team 6.
 
Then, you need to listen to the interview I did with Dr. Jim Garrow from yesterday..... it is about the "burning" ( outing ) of an intel agent with 45 years of service.... and then there are the revelations about the murder of 3 well known Americans. Time to listen up..... the interview starts after the 3:30 min mark after several ads..... feel free to listen to the ads and then support those organizations standing up for your Freedom.
 
 
Dave Janda
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