I Love that, good ol` Jim.

One World - n., adj.  the idea that all the people's of the Earth (are forced to) work together for one thing, the supporting of the USD, and suppression of PM's, in a race to the dismal bottom.  (See also, 'Globalism'.)

Sounds like Jim's unnamed "friend" just quoted a piece straight out of Martin Armstrong's newest published work from yesterday called "Truth about Gold, why you should buy gold now," on his unofficial website http://martinarmstrong.org/

Here is a little snippet

"They were convinced that in order to get out of the massive debt, the US would adopt a two-tier monetary system making external dollars BLUE and domestic GREEN and this these external dollars would decline in value DEFLATE and thus the solution was to sell Euro Dollars and move all deposits to domestic. That drove the dollar higher and the Euro Dollar deposits dropped by nearly 50%. So the end result can be far more complicated than the simple linear idea that they will just print into HYPERINFLATION. Sounds nice! It just can’t happen. Furthermore in the core economy – that is the peripheral fringe. HYPERINFLATION is possible only in a peripheral fringe economy because the rest of the world around it is STABLE. That allows capital to flee outside the economy helping to create the HYPERINFLATION lacking reserves. When you are talking about the CORE economy instead of the fringe such as Germany in the 1920s or Zimbabwe, it is no longer possible for capital to flee to other nations because there is nothing stable to run to. If the USA were to move into that sort of scenario, the entire world would collapse. What are you going to buy. Euro bonds. Yen bonds. They are better. Big institutional money still needs the dollar. The flight-to-quality is still taking place."

Check it out. He's a brilliant, sensible man. He predicted the famous market crash in the 80's to the very DAY, as well as several other market crashes around the world. Read his bio. He's pro gold, but he's not a cult leader for the 24/7 gold bull crowd. God knows there are plenty of those around. 

Also, just my suggestion, but you should be skeptical of people who constantly refer to a special "friend" or "contact" who always seems to be anonymous. Its an age old tactic. Create an imaginary friend to express your unfounded predictions in order to dodge the blame when it doesn't come to pass. You may be familiar with a few others who use this tactic, such as Pastor Lindsey Williams and Alex Jones, both of whom are constantly, incessantly proclaiming something, and also somehow simultaneously making money. 

Sorry for the compacted previous chart.  Here is a more expanded view.......rg

I read the piece of Martin Armstrong, the one you hinted at, with great interest.

Although the man is obviously very skilled and shows that he knows what he is talking about, some things were flawed or lacking in my opinion.

1) manipulation as a myth. Sorry but the silver market is manipulated into oblivion, obviously against the law, and therefor with backing up from the government. To state this is simply a normal market where people try to make money buying and selling paper contracts, business as usual, is beyond naive.

2) if gold will never play an overt monetary role (no return to a gold standard in any shape or form), as Martin states, how come that central banks are buying again, massively?

3) Martin predicted a low on gold as low as 1400 dollars, earlier. We never made it.

Good Morning

great podcast, and now I understand the Treasury interest rate whirlpool of success he mentioned earlier.  

I must disagree with Senseosensei on this point, however:

but once you accept the reality that these people are busy crashing the world on their terms

You specifically mention Bernanke and the Fed, in terms of who 'these people' are, and I would argue that they are blindly grasping at straws - this is chaos, not a master plan.  The list of 'these people' is way too long for there to be anything of a real plan at work - the EU hasn't had a plan all along it turns out, except maybe Germany intended to take over the continent.  That individual factions have been planning, yes - the Rothchilds, the various Chinese powers, Hong Kong, etc., the Kremlin, the various mafias, the Fed, the Saudis, the Iranians, the BIS - and what about South America, too.  No master plan is being executed, even if many are being attempted.  Oh, left out the IMF, they do have a master plan, but the Chinese are just going to keep Europe's airplanes, so there goes that plan.  The World Bank has a plan, but they don't have any money.  The UN would have a plan, but anyone who gets sent there from their basket-case country just starts to snuffle up the truffles, while Africa burns.  The American military may have had a plan, but whacka-mole has not panned out.   The world is too big, even for the master plans of Dr No.  Ben Bernanke is currently at a pretty big lever, but the machine behind the lever is not what he thinks it is.  No, I am not afraid of a master plan succeeding, more of 78 master plans colliding and reaching the Mandlebrot fat tail moment.

Sorry to pour cold water, but in my opinion the most important principle here is that metal flows eastwards. Having as I do the survival and prosperity of the West at least to a limited extent at heart, I cannot welcome this development as good news. If low paper prices and a broken transmission mechanism in London are required to deliver / maintain the eastward movement of metal, I am sorry but I think they will be maintained. When a sustainable monetary system is then established it may well be leveraged / fractional reserved in the East and the relevant fiat needed in the West, to ensure that real wealth continues to move Eastwards. This should continue until the Chinese demographic bulge has been worked through, which will be beyond our lifetimes. Since in fact trillions and not billions are at stake, what is surprising is not that they have bought the LME, but that they have got it so cheap. But I am not expecting the sheriff to help us much. Instead I am learning his language so that I can listen to his conversations with the judge and the prison guards - any chink in their armour may help. 

29+ Hat Tips on that post, Xty! Very cogent! Thank you very much.

Egypt’s top court reverses election results, confirms Shafiq’s right to run

PATRICK MARTIN

Cairo — The Globe and Mail

The most important election in the Arab world following last year’s Arab Spring has been reversed, and the dominant position enjoyed by the region’s pre-eminent Islamist movement has been a dealt a blow from which it won’t easily recover.

In a shocking announcement Thursday, just two days before the country’s presidential election, Egypt’s Supreme Constitutional Court ruled that elements of the country’s recent parliamentary election violated the constitution and that the entire lower house would have to be dissolved. Temporarily, at least, all legislative power is to be placed in the hands of the country’s military leadership, and martial law was decreed Wednesday to give them powers to combat any resistance to it.

At the same time, a separate court ruling confirmed the right of Ahmed Shafiq, a former military commander and one of deposed leader Hosni Mubarak’s favourite ministers, to seek election as president....

http://www.theglobeandmail.com/news/world/egypts-top-court-reverses-election-results-confirms-shafiqs-right-to-run/article4258269/

But honestly, talk about lesser of two weavels.

(and blushing from praise, tanks)

who do you think is carrying out this plan? 

edit: to explain, you cannot agree to disagree, and then continue to argue, as you did.  Agreeing to disagree is something you do when you stop arguing - not something you suggest to make the other person look argumentative, while you then present your side as a conclusion.

The same people that are behind the trilateral commission and Bilderberg conferences, mainly old monarchs and old money. Key players are David Rockefeller, Zebigniew Brzezinski and a few others.

Not sure how fluent you are in foreign languages but this is a very telling document by Brzezinski :

http://www.scribd.com/doc/6099781/-Technotronic-Era-La-Era-Tecnotronica

But there are many other documents on this topic, from the players themselves where they outline it all: speeches, conferences, white papers.. it's right in your face if you look for it.

"comprar oro" - trebled

"gold kaufen" - doubled

"buy gold" - up 20% or so (mostly US/India/Singapore)

"goud kopen, comprare oro" - higher but figures inadequate.

Most languages show parabolic rather than linear increases.

Levels are now roughly the same as June/July 2011.

BUT

All phrases meaning "price of gold / gold price" in my fav. European languages -> UNCH.

My interpretation: the instruction now going out is "buy at best".

Reports of the impact on the regional physical markets will no doubt start dribbling into the media in the coming weeks.

I agree with you 100%, and I was rather hoping that my question re who is really behind the Easter entity would get a clearer answer. I take JW's point, that it's not just China but Korea as well, etc, but that could also mean that it's other private banking cartels, the 0.01% finally taking out the 1%, as long-ago predicted by conspiracy theorists. It does indeed all seems to be going according to plan, controlled demolition leading to tighter global financial controls...as predicted by Fulford and L Williams. I notice Goldman Sachs weren't mentioned much, except to say that they take positions opposite JPM? This could be the Vampire Squid going for the kill, non ?However, Jim did say there is a move away from centralisation, and that can only be a good thing. Proof please...

Great interview anyhow - I was riveted! Please ask JW to elucidate on the Eastern Powers as soon as he has more information.....thanks!

Central Banks Warn Greek-Led Euro Stress Threatens World
http://www.businessweek.com/news/2012-06-14/central-banks-warn-greek-led...