Two Excellent Videos

121
Mon, Oct 21, 2013 - 4:59pm

Viewing both of these is time well spent.

I met Dan Ameduri of https://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: https://futuremoneytrends.com/blog/?p=10123

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

TF

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  121 Comments

Oct 21, 2013 - 5:00pm

Update for last Friday's GLD thread

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
Oct 21, 2013 - 5:05pm

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.

Motley Fool
Oct 21, 2013 - 5:12pm

Sorry I wasn't clear

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.

ancientmoney
Oct 21, 2013 - 5:14pm

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
Oct 21, 2013 - 5:25pm

@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
Oct 21, 2013 - 5:32pm

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
Oct 21, 2013 - 5:46pm

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
Oct 21, 2013 - 6:22pm

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
Oct 21, 2013 - 6:34pm

RobG

This would be one way to do it : https://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.

Oct 21, 2013 - 7:00pm

WOWOWOWOWOWOWOWOWOW!!!!!!

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:

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

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