The NWS

And I'm not talking about the National Weather Service.

By the way, did you see this earlier this week? ( http://www.washingtonpost.com/blogs/capital-weather-gang/post/national-weather-service-ammunition-solicitation-triggers-confusion/2012/08/14/3dc6b67e-e62a-11e1-936a-b801f1abab19_blog.html) OK, so I can understand the whole, "clerical error" thing but what the heck does the "National Marine Fisheries Service" need guns for, much less 46,000 freaking rounds? Seems like a bit of overkill to me, no pun intended.

Anyway...and when I say NWS, I don't mean NWO:

Or NWA:

Or the NWC:

Or even the NWF:

I'm talking about the NWS - the New World System.

Earlier this morning, I saw this post at ZH ( http://www.zerohedge.com/news/presenting-shocking-source-us-treasury-demand-past-year) and it got me thinking. In the post, it's mentioned that Japan has dramatically increased its purchases of treasuries while China has actually been a net seller. The question is asked: "What is China doing with their dollar reserves" if they're no longer buying treasuries? This is where ole Turd's brain started churning.

Two months ago, I wrote this: https://www.tfmetalsreport.com/blog/3924/gonefor-good. At the time I wrote it, I expected it to be quite the bombshell within our little "goldbug" community. Instead, it was met with yawns and dispassion. Perhaps that is what I should have expected. I mean, seriously, BREAKING NEWS from a guy who goes by the name of "Turd"? Well, regardless, I stand by the facts of this story and the opinions contained therein. Gold continues to exit "the system" at a consistent pace, never to return.

I'm re-posting it today not because I'm out of material and I need to dredge up the old stuff to fill space. I'm re-posting it because this truly is a very important development and one that, because it's not on the national/internet radar, is being widely discounted and overlooked.

You see, no one on Wall Street or in the financial media has any interest in pursuing this story. The MSM and TPTB are completely invested in maintaining the status quo and they will do so right up to the point where the game is changed for them. China will continue to accumulate gold and silver. They will continue to refine and re-cast this metal into new, standard and official sizes. They will continue to sign and implement bilateral currency and trade agreements that bypass the U.S. dollar. And they will continue to open portals for the international use of the renminbi.

Then, one day, seemingly out-of-the-blue, they will announce an alternative...A New World System that offers some type of gold-backed, international trade settlement, utilizing a non-fiat and sound renminbi or perhaps an entirely new and distinct, gold-backed and internationally-recognized trade unit. One way or another, this is going to happen. The only question is WHEN.

WHEN this happens, the U.S and all the other fiat currency countries will be forced into revaluing whatever gold reserves they have left. This is the "global gold price reset at multiples higher" that I have mentioned before, the result of which will be extraordinary, near-hyper inflation and a dramatic devaluation of the existing fiat. Additionally and importantly, it is through this process that the debtor nations of the world (the U.S. being the largest), will "pay down" the majority of their current obligations.

Again, you must understand that I am extremely confident that this is how things will ultimately play out. The only question is the timing and the specifics regarding which country or countries will ultimately force the issue. For example, it is entirely possible that China won't act independently. Perhaps the major creditor nations will band together. Some consortium of China, Russia and India. We'll see. In the end, that part doesn't really matter. What does matter is that this is inevitable.

Please continue to use this time to add to your physical holdings but remember...The only metal you truly own is the metal you hold in your own two hands.

TF

337 Comments

Nana's picture

China-Long Beach Navel Base

http://www.dailyrepublican.com/chinesegot.html

March 7, 1997

Chinese Got Long Beach Deal!

LONG BEACH DESK - The Long Beach Naval Station was tentatively placed on the Military Base Closure-List by president George Bush in 1991. President Bill Clinton, closed the naval base last in 1993. That resulted in the loss to Long Beach, California of 17,500 military and civilian jobs. The economic impact of the of loss was $52.5 million and drove the California economy into the tank. It has never recovered.

Between 1995-1996, during the heat of the Clinton-Gore Campaign fund raising activity, the Clinton administration actively intervened to make sure a Communist Chinese cargo container shipping interest got a too-good deal on a Long Beach, California, shipping terminal.

The Secretary of the Navy has formally turned the base over to the City of Long Beach. But, the Port of Long Beach has signed a letter of intent to lease the property to the China Ocean Shipping Co., a steamship line run by the Communist Chinese government.

The Navy base property is about to be leased to a Communist China-owned shipping company under an agreement that was only made possible by the intervention of the White House.

http://www.globalsecurity.org/military/facility/long_beach.htm

The Chinese state-run China Ocean Shipping Company (COSCO) shipping firm, a tenant at the Port of Long Beach since 1981, had been negotiating with the Port for additional terminal space for the past few years. The expansion of Pacific Rim trade and the deep-water and rail infrastructure in the Long Beach-Los Angeles area has resulted in a substantial increase in volume. The Port of Long Beach planned to build and to lease to COSCO a $200 million container terminal on 145 acres of former Navy property, using a 10-year lease with additional five-year options. Annual lease payments, estimated at between $13-15 million, or about $100,000 per acre would be consistent with rates paid by other Port tenants. However, on April 21, 1997, the Long Beach Harbor Commission voted to cancel the lease with COSCO

http://www.import-china.com/article/?p=151

Xeno's picture

@LL

You're not missing anything LL, it's just the Fed buying is offsetting the selling because the govt. can't handle higher rates. When the shorts start to cover, the fed will ease buying.

Probably I guess.

exiledbear's picture

It would be hard to hold TN

Everyone in every holler and backwoods clearing with a rifle, and people who know the land and how to shoot? And they don't cotton to outsiders too well?

They'd lose a lot of soldiers holding TN, that's all I'd say.

My guess is California might become a Chinese province, but not TN.

exiledbear's picture

Perhaps one should focus more on the federal govt

That lets China do these things? I don't see a peaceful solution to any of this.

Money By Trading's picture

Watching $1586 Gold

exiledbear's picture

You do NOT want to work for the Chinese

Trust me on this one. Why people would want learn Mandarin is beyond me. All that will do is make it easier for them to tell you what to do.

Nana's picture

Sorry

Sorry about the google ads in post. I tried to edit them out but it timed out.

Turd Ferguson's picture

Another interesting CoT on the way

MODERATOR

Of course, we have to wait another 48 hours to see it.

For the week, gold was down $10 and total OI fell by a whopping 67 contracts. Still at a very low 388,187. Silver, on the other hand, fell by 32c while its OI actually increased by 4,700 contracts, or slightly more than 2%. In fact, as of yesterday, the total OI for silver was 128,993 which is the highest it has been all year, except for Friday 6/22 and Monday 6/25. This is quite interesting because that previous spike in OI preceded a 10-day period of higher volatility where price began at 27.60, it then fell to 26.30 before rising to 28.45. It then fell back to 27.60 on 7/5.

Also of note, almost all of the growth has been in the Dec12 contract. As we approach expiration, the Sep12 OI has fallen 4800 contracts over the past week. However, the Dec12 OI has increased by 8,500. Even is every single one of Sep12s was rolled into Dec, we still picked up 3,700 new contracts. Short or long and by whom, those are the questions we'll try to answer on Friday.

Mr.Grey's picture

@ Dagney

It would be a poor choice of caliber unless they also handed out the firearm as well.  Most americans might have a .243, .270, or 30-06 in the closet for rifles, a 12ga shotgun and a .22 . I would think most common handgun would be .38, .357, .45 and 9mm.  Due to availabilty of mil-surp ammo most preppers would have 5.56 and .308, 9mm and .45acp.

Keg's picture

.40 S&W

.40 S&W development was spurred by police departments that wanted a more powerful round that .38 and 9mm.  Many felt that the .45 was too powerful for smaller officers, especially females.  Before you ladies bash me, that is what I have read and not my opinion.   It is used by many police departments, highway patrols, etc.

I'm not sure that 46000 rounds of sidearm ammo to a domestic agency is that big of a deal.   I am more concerned that there are so many agencies that have armed personnel. 

Regarding hollow points I have never understood the problem with them.  Better expansion means more tissue damage.  If you are going to shoot someone, that should be what you want.  You don't aim a gun at someone and pull the trigger to say hello.  Also as Mr. Grey pointed out, less likely than with a FMJ that the bullet passes through the target and hits an unintended victim.   Most domestic police agencies use them.  So does the US Coast Guard.  You can't shoot a Taliban with a hollow point but a drug runner is fair game.  How stupid is that. 

Lamenting Laverne's picture

Things heating up?

Earlier today it was reported that an armed Shiite clan in Lebanon had taken 20 Syrians hostage, and that they demanded the release of a Lebanese hostage held by the Syrian Rebel Forces, in return for the release of the Syrians. 

Next comes the story of an air strike by Syrian Government Forces on a Rebel building in Northern Syria, that housed Lebanese hostages. Many casualties were reported.   

http://vancouverdesi.com/news/syria-air-strike-wounds-7-lebanese-hostages-4-missing-rebels/

A couple of hours ago, it was reported that Saudi Arabia orders citizens to leave Lebanon immediately citing kidnapping threats. The report was from the Saudi State News Agency.

ancientmoney's picture

@LamLav

When bonds are being bought, it forces the bond price up, meaning that the return on that bond is lower, as it is paying a fixed interest rate.  So, if the price goes up, the yield is going down.

Nana's picture

Iceland Was Right, We Were Wrong: The IMF

http://www.bullionbullscanada.com/intl-commentary/25744-iceland-was-right-we-were-wrong-the-imf

For approximately three years; our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites – at any/all costs.

Following three years of this continuous, uninterrupted failure; Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain, and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.

Now in what may be the greatest economic “mea culpa” in history, we have the media admitting that this government/banking/propaganda-machine Troika has been wrong all along. They have been forced to acknowledge that Iceland’s approach to economic triage was the correct approach right from the beginning.

What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail-out the criminal Big Banks – at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing......

Nana's picture

Richard Russell - Get Ready For Massive QE3 & Epic Inflation

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/15_Richard_Russell_-_Get_Ready_For_Massive_QE3_%26_Epic_Inflation.html

Today the Godfather of newsletter writers, Richard Russell, wrote a special report stating that a massive QE3 is now headed our way, along with epic inflation. He also covered gold. Here is what Russell had to say: “There's nowhere to hide. Governments will opt for their favorite remedy -- inflation. Inflate away the debt. Problem -- a little QE3 won't help, if the Fed really wants to jazz up the economy, it will have to be a massive QE3.

DayStar's picture

IRA Cashout

AncientMoney, your boss is a very understanding man.  It is amazing that he would do that.  You are the first one that I have ever heard that pulled that off.  I have thought of it, but I didn't have do it, because as a contractor, I change jobs pretty frequently anyway.  I pulled my money out of a 401K, and, like you said, it is painful to pay the taxes, but now I don't have to worry about markets crashing, hyperinflation, and govt seizure of the IRA, and so forth.  I don't worry about it except that with the dry weather, the lake is getting pretty low <g>.

DayStar

RocketsRedGlare's picture

stacking can be boring

Pretend you are Scrooge McDuck and dive into it, swim in it, lol quack it up.

Pining 4 the Fjords's picture

"Pop quiz, hotshot"

No, not this kind:

HopperSpeed.jpg

This kind-  take a look at this chart and guess, besides all of these being at or near the low of the day in silver, what all these green circles have in common?

Give up?

.

.

How about this:

Regular as clockwork, churn and burn.  They took last Friday off, otherwise its a darn near perfect pattern.  Do we call this the "Blythe Metronome"? The short-covering shuffle?  The day-trader's dream? 

Whatever the hell it is, you can set your watch by it.

BillAuAg's picture

.40 S&W

I suspect ammunition is being purchased for Hezbollah, Al Fatah, and the  Palestinians.  I'm sure the 40 cal handguns the Marines detested have found their way to the middle east.

If anyone hasn't picked up on it yet, every Muslim has a prime directive to exterminate the Jooos.  It's in the Koran and it's in the Hadith.

Patriot Family's picture

Purchases in the 100K-250k

Purchases in the 100K-250k round quantities don't worry me.  That could be considered range practice ammo for even a small agency, like a county police force.  You practice with what you use in the field since every round has it's own ballistic signature and you want to be as accurate as possible.  Orders like this have been going on for decades, people just weren't watching for it and didn't have easy access to information.  I haven't put on my tin foil hat yet.  Although I do stock up on plenty of tin foil!

What's getting difficult to find is the 5.56 green tipped steel penetrator stuff in ammo cans. That stuff was readily available a year ago - not so anymore. That's quite a return on investment if you don't need it and want to sell it off.  No restrictions in place on buying the stuff, so it must be sales driven shortages.

Galearis's picture

Nicely said, again, Turd.

It was not met with a yawn from me, for sure! Yeah, the actual timing for the crooks to meet their end may even be at that time. Part of me wonders if the incredible suppression for the past fourteen plus months may be about the EE being aware of the immanence of this happening and a need for them to protect the dollar gold price from breaching the $2000 level….Can you see them attempting to limit the paper price damage to only a double top,,,,to be followed inevitably by another suppression effort CONsolidation?

So up here in Canada they are retiring the penny (and our net worth/cost of living as measured in fiat goes UP two to four percent due to rounding factors –think about it, folks). And that is another segue to another thought or two about our cherished banks…Up here we seem to be at constant war with the local banks with their cutting back – arbitrarily – the maximum amount allowed daily from Interact machines…And they do this in the face of what must be a real inconvenience to the retail sector sales and the convenience of all of us doing our daily shops for needful things in the face of constantly rising prices of those same needful things…So why are they doing this? Short of cash are they? Well, yes, in a way as some branches only keep a limited float on hand and may even refuse a large (and perhaps as little as something under $10,000) unless (they say) they are given a day or two forewarning of this kind of sum….

Or are they training the sheeple for something more sinister? There is a lot of talk lately about “the cashless society” and from my point of view a hyperinflation environment would make the transition to plastic money inevitable…And the banks are, by the restrictions on cash withdrawals, making this transition starting now…So could this be some kind of measure of a timeline to a collapse or timeline to a general realization by the common person that plastic works better in stores than constantly running to a cash machine that wants to give the consumer less and less currency?

Up here in Canada our average citizen is still unaware of any pending cost of living crisis or any particular down turn in his future earnings…There is time, at least up here (maybe), for the banks to prepare the citizen for a major change to how he spends his fiat…But I suspect, given the opposition I have heard to it, that it will not be welcomed.

And that leads us to another train of thought around “cashing out of a metal position” during a hyperinflation and a trend toward plastic transactions….Think about that too!

And, of course, one only cashes out as much as one requires for daily needs....

FWIW,

Galearis

Mr.Grey's picture

@keg

I agree!

In the early 80's Jeff Cooper became enamored with the bren 10, his influence in the shooting sports influenced Colt to chamber the 10mm in its Delta Elite.  As you say law enforcement became interested and S&W and Winchester combined to create the S&W.40 a 10mm bullet with a shorter case.  I have a HK in .40 about a foot from my pillow.  When you take it apart it looks as if it was made by mattell but it functions perfectly and has a 15 round magazine and yes it's loaded with hollow point ammo!

Mickey's picture

US banks were finally subpoened

eom

Karankawa's picture

More thoughts on the rising 10 yr. yield.

I can't help but think this is being watched by the Fed with alarm.  Does it not make reason that if it continues to rise it is a signal of loss of control?  The rate is up about 30% from it's lows.

Wouldn't this effectively put pressure on housing prices and further reduce money creation?

California Lawyer's picture

.40 Cal

I have attended hundreds of hours of gun classes, range sessions, both day and night, and have fired just about every caliber pistol.  I have also done similar, but not as much quantity, as far as classess and sessions involving shotguns, and the good ol' AR-15 style "assault" style semi-automatic rifle.  I also have some nice old Mosin-Nagants, with surplus Russian ammo that I am fond of shooting.

With that said, I am not an expert, but I do consider myself knowledgeable as to the issue of personal firearms.

A police chief friend of mine discussed the .40 caliber round, and why many police departments changed to that particular round, along with the Glock as the preferred .40 cal delivery device.  Stopping power of a .40 cal jacketed hollow point is superior to a 9mm or .38.  It is also less powerful than a .45.  But the tradeoffs in weight vs. stopping power seemed worthwhile, so many agencies switched over.

The jacketed hollow point is a superior round for killing human beings.  The round expands, and does tremendous tissue damage, while also lacking the ability to over penetrate through residential structure walls and doors.  Contrast this to a 5.56 mm round, which can travel through several structures at high velocity, or 7.62 which is also high velocity and can penetrate cars, block walls, etc.  So, the .40 cal round is not really for military applications at all, but is instead far more suitable for use in police situations, urban settings, and by pistols versus long guns.

Target practice, or range sessions with the jacketed hollow point rounds are cost prohibitive.  Regular ball ammo is far cheaper.  So, the massive order of jhp rounds makes no sense from a training perspective.  Is the govt ordering jhp .40 cal rounds for training purposes?  Not a chance.

So, why are the federal and state governmental agencies ordering such massive quantities of .40 cal jhp?  The huge orders of .40 cal jhp rounds means ONE THING, AND ONE THING ONLY.  Government is preparing for domestic (USA) insurrection.  Government plans on using those rounds against criminals, in a non-military or battlefield setting.  

Sobering, is it not?

I have two Glocks, in .40 cal, which I got years ago, at the insistence of my firearms' instructors, who correctly, presciently, anticipated and warned of this exact scenario playing out.  I have other caliber pistols, too, and no matter what ammo is available, I can shoot it.  It is time to ditch the normalcy bias, and shout from the rooftops.

Get prepared.

recaptureamerica's picture

Turd rocks again! China hoarding...

The Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve
http://www.zerohedge.com/news/hoarding-continues-china-has-imported-more-gold-six-months-portugals-entire-gold-reserves

WhyMeLord's picture

5.56 Green Tip

12,500 rounds enough for U? Only $4250 + Shipping (Weighs 400 lbs)

Physical_only's picture

For the stackers FWIW

I do not work for Provident & purchase from various sources. This price is very fair for "any" quantity.

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Gramp's picture

Quiz Popper!

Disclaimer: WTFDIK! ( there, make that clear!)

Pining, I have been noticed a similar type pattern. I have not found/ looked for a chart w/ correlation.  Seems like  much effort is put forth to 'shape'  Markets and Price during the common North American working hour. As if an attempt to 'Set the Tone' for the rest. M.O.P.E. anyone?

Though I remember a few months back , when it seemed 'muppets' were more actively entering the Markets, PMs price lows would be hit in the late late, or wee morning EST hours. Not that different than what you had just pointed out, but I (was guessing at that time) this, also an attempt to keep the easy picking lows in price from being of benefit for the North American trading herds.

  Just thinking out loud I guess.  

Hey Just caught a glance @ one of the Pining Originals you had put together of  Patrons of The Speak!  Nice !

The Run up in PM price last year sent many into a tail spin. Distorted people's expectations... How often does a "Get Rich Quick" work? Ok, How often does  "Long Term Accumulation" trump?  Even at an entry level, anyone who stacks is  strongly in tune w/ the concepts of Wealth Preservation and Real Savings.  ( Unless u where buying Monster Boxes w/ a credit card!)

Dawg's picture

@Dagney & Hollow Point Bullets

Dags,

"The Hague Convention of 1899, Declaration III, prohibited the use in international warfare of bullets that easily expand or flatten in the body.This is often incorrectly believed to be prohibited in the Geneva Convention, but it significantly predates those conventions, and is in fact a continuance of the St. Petersburg Declaration of 1868, which banned exploding projectiles of less than 400 grams, as well as weapons designed to aggravate injured soldiers or make their death inevitable. NATO members do not use small arms ammunition that is prohibited by the Hague Convention."

Dawg

babaganoush2307's picture

I love...

...using http://www.usinflationcalculator.com/ to see what I could have bought back in 1913 with a dollar:

$120,000 home 2012 dollars = $5185 home 1913 dollars

Simply astonishing and ridiculous no

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