Another Excellent Documentary

124
Mon, Jun 10, 2013 - 8:44pm

This one comes from National Geographic. Thanks to ZeroHedge for finding and posting it!

Here's the link to the original ZH post: https://www.zerohedge.com/news/2013-06-10/gold-trust-and-federal-reserve-video-documentary And here's how they describe it:

"From the inside of the Federal Reserve's gold vault (where we are told one quarter of the world's bullion resides) to NYC's diamond district and the gold-dealers on the streets, this NatGeo documentary is a fascinating walk through the reality of trust, money, and gold. As the narrator notes, "the Fed's discretion is so trusted that few depositors have ever asked to see if their gold is still here," except of course Germany now that is, adding (from the exact opposite perspective to the man that runs the building) that, "for thousands of years people used gold as money... it's the perfect recyclable money...." The must-watch video then progresses to the reality of our financial world where he explains, the trillions in money that is transacted every day "used to be backed gold, but is now supported by the promise of our government... The fact that it all works based on trust alone is simply taken for granted," leaving the ominous question of "who is in charge" of that 'trust'? Cue Ben Bernanke - who answers the question of what the world would look like without a Fed... bank runs, stock market crashes, and financial chaos."

I'm posting this even though, so far, I've only been able to watch the first 5 or 6 minutes. It looks like a very interesting program, to say the least, and seeing all of the gold is certainly intoxicating.

Interesting to note is the great care and effort that is made to move and store about 80 bars or one metric ton of gold. This is especially interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.

So kick back, relax and enjoy this must watch video.

TF

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reefman
Jun 11, 2013 - 3:51pm

I shouldn't have sold my GDX

I shouldn't have sold my GDX puts... I'll wait for a rebound and buy more puts.

Nana
Jun 11, 2013 - 2:42pm

Stand Up Now Or Sit Down and Forever Be Silenced

The time is now, the reason is clear, the choice is yours.

The government is not America, the 330+ million people are.

If you have gone in to lurker mode remember these words:

All it takes for tyranny to triumph is for a few good men to do nothing.

and

"In Germany they came first for the Communists, and I didn't speak up because I wasn't a Communist. Then they came for the Jews, and I didn't speak up because I wasn't a Jew. Then they came for the trade unionists, and I didn't speak up because I wasn't a trade unionist. Then they came for the Catholics, and I didn't speak up because I was a Protestant. Then they came for me, and by that time no one was left to speak up."

-- by Martin Niemöller, prominent German anti-Nazi theologian and Lutheran pastor, best known as the author of the poem First they came....

https://thecounterpunch.hubpages.com/hub/Martin_Niemoller

Silence is not golden, it is deadly.......

reefman
Jun 11, 2013 - 2:05pm

I cashed out my GDX puts.

I cashed out my GDX puts. I am still holding JPM and IWM puts (JP Morgan and Russell 2000).

It was interesting to observe this flush in the markets, the GDX spiked UP when the S&P was going down.

wouldyoubelieve...
Jun 11, 2013 - 1:56pm

Robert Bauer

something sounds FAMILYar about that name, Bauer, hmmmmmmm, well he did SHIELD the Prez, wonder if it was RED?

Green Lantern
Jun 11, 2013 - 1:12pm

Did anybody consider that all

Did anybody consider that all the attention being given to this story on Snowden isn't meant to play into the already existing pool of distrust and discontent with the power holders (which it has), but to put you on notice and instill fear in you (which apparently it has)? Consider it a formal announcemnt of the new initiatives

It already seems people are starting not to post out of fear of reprisal and have become lurkers. Of course, those people probably never had a very good rant on the benefits of liberty. That makes all who post revolutionaries or the lurkers might argue martyrs.

Would love to see a chart of the level of participation in political and financial forums in the blogisphere over time.

The Sedition Act of 1918 (Pub.L. 65–150, 40 Stat. 553, enacted May 16, 1918) was an Act of the United States Congress that extended the Espionage Act of 1917 to cover a broader range of offenses, notably speech and the expression of opinion that cast the government or the war effort in a negative light or interfered with the sale of government bonds. [1]

It forbade the use of "disloyal, profane, scurrilous, or abusive language" about the United States government, its flag, or its armed forces or that caused others to view the American government or its institutions with contempt. Those convicted under the act generally received sentences of imprisonment for 5 to 20 years.[2] The act also allowed the Postmaster General to refuse to deliver mail that met those same standards for punishable speech or opinion. It applied only to times "when the United States is in war."[3] It was repealed on December 13, 1920.[4]

Though the legislation enacted in 1918 is commonly called the Sedition Act, it was actually a set of amendments to the Espionage Act.[5] Therefore many studies of the Espionage Act and the Sedition Act find it difficult to report on the two "acts" separately. For example, one historian reports that "some fifteen hundred prosecutions were carried out under the Espionage and Sedition Acts, resulting in more than a thousand convictions."[6] Court decisions do not use the shorthand term Sedition Act, but the correct legal term for the law, the Espionage Act, whether as originally enacted or as amended in 1918

Jun 11, 2013 - 12:56pm

puts a whole new ring to

Can you hear me now?

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

abguy4
Jun 11, 2013 - 12:27pm

In Case the US Gov is monitoring you.....

NEW YORK —In the event that the U.S. government is monitoring your conversations, here are some useful phrases to insert into your phone calls, texts, or e-mails:

I think the N.S.A. is awesome.

I just reread “Nineteen Eighty-Four”—it actually has a lot of good ideas in it!

There’s no such thing as a “bad” drone.

Sure am glad that I never talk to any foreigners.

I love the CIA, FBI, DoD and all Black Ops guys.

I wouldn’t know the first thing about making ricin.

The Fourth Amendment is overrated.

If you ask me, Guantánamo is full of nothing but complainers.

Just changed my Facebook status from “Single” to “In a Relationship with American Security Operations.”

I’m pretty sure my neighbor is cheating on his taxes.

Patrancus
Jun 11, 2013 - 12:18pm
Patrancus
Jun 11, 2013 - 12:13pm

and then there is this

former Whitehouse counsel Robert Bauer, is former because having him around makes the whole stinking IRS Targeting business leave a trail of stink into the oval orifice. This particular lawyer appears to be as crafty and clever as they get.

https://www.wnd.com/2013/06/did-a-former-white-house-counsel-do-it/

Patrancus
Jun 11, 2013 - 11:48am

UN smal arms treaty @ TJeffson

I would agree that your senator franken is not a laughing matter, whether now or in the past when he thought he was such a funny guy. I have listened to Jason Lewis on the GCN radio networks, he would be a marvolous candidate to run and defeat the no so funny marxist frankennonsence. I understand that your other senator klobucher bakes real tasty cookies to give out to the media hacks who follow her around the camera studio.

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Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
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8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
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8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

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Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
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Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
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7/13 11:30 ET Goon Williams speech
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7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
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7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
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7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
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6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
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7/1 2:00 ET June FOMC minutes
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Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
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6/17 12:00 ET Chief Goon Powell US House
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6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
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6/10 8:30 ET CPI for May
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6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

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