A2A with James Turk

112

Our recent run of extraordinary webinars continued today with this invaluable appearance by James Turk, founder of GoldMoney. If you can make the time, you will please be sure to give this recording a thorough listen. You won't be disappointed.

The call begins with a discussion of the recent merger between GoldMoney and BitGold. As you might imagine, ole Turd is very excited about the opportunity presented by this platform and I was eager to open my own account. I strongly urge you to check out GoldMoney/BitGold yourself and (full disclosure), if you enter and join through the link below, yours truly earns 1/4 gram of gold for himself. So, please, by all means...

https://BitGold.com/r/TlY5pO

The call then proceeds to cover a plethora of topics over the next 55 minutes, including:

  • How to measure tightness in the global physical metal market?
  • Can/will bankers and hedge funds naked short the mining industry into oblivion?
  • How might China respond if they're not included in the IMF's SDR later this year?
  • Is it justified to own more silver than gold, given the current gold:silver?
  • Why don't mining executives do more to fight the manipulation of the paper markets?

And much, much more.

Again, please take the time to listen to this entire presentation. Break it up into smaller segments if you need to but try to listen to the whole thing. Great stuff from an industry legend and recognized expert on the global gold market.

TF

  112 Comments

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lakedweller2
Aug 6, 2015 - 11:31pm

H v R

So MSM wants Hillary against Rubio. Write it on your calendar or wrist...don't vote for Hilary or Rubio. Vote for...start thinking sheep!

tyberious
Aug 6, 2015 - 11:31pm

Deflation, Debt and Gravity

" Overall debts are much worse, much higher, now, then they were in 2008. We haven’t had a recovery, we’ve had an “uncovery”. And we’re headed for a discovery.

https://www.theautomaticearth.com/2015/08/deflation-debt-and-gravity/

tyberious
Aug 6, 2015 - 11:26pm

Danny B

As the economy dies, the lies get bigger

Various segments of the economy tried to avoid the shrinkage that struck the labor force. This works for a while but, not forever. Commodities are crashing. Stocks are starting to roll over. Who knows how low they will go. The Baltic Dry Index lost 23% in one week.
"Ignited by a plunge in Walt Disney Co., shares tracked by the 15-company S&P 500 Media Index have tumbled 8.2 percent in two days"
"The industry’s market capitalization was about $650 billion, compared with $135 billion in March 2009.

That value is evaporating. In just five stocks -- Disney, Time Warner Inc., Fox, CBS and Comcast Corp. -- almost $50 billion of value was erased in two days. Viacom slid 14 percent on Thursday alone"
What goes up,,, must come down.
The IMF and BIS have been warning us all along; The Next Financial Crash. ?The Writing is on the Wall?. Don?t Say ?You Weren?t Warned? | Global Research - Centre for Research on Globalization

Jim Willie makes it VERY clear. America will change to a third-world country.
The Automatic Earth has a very good article on this subject. Read it twice,,, including some very astute comments. Deflation, Debt and Gravity - The Automatic Earth

The J.P. Morgan gold vault is the largest private gold vault in New York. They ran it out of gold and sold it off. Reportedly, it is connected by a short tunnel to the vault of the Federal reserve. Reportedly, Robert Rubin was responsible for the loss of America's gold. One could easily suspect that J.P. sold off the FED gold before they emptied their own vaults.
https://www.zerohedge.com/news/2013-0...t-new-york-fed
Then, there is Ft Knox, "The U.S. Mint states that 147.3 million ounces of gold are now tucked into Fort Knox. Guarded by Apache helicopter gunships and tucked into a bunker with a bomb-proof roof and thick granite walls, you’d think that 147.3 million ounces of gold would be safe in the vault. While Treasury officials insist that the “gold is all there”, why the resistance to a public audit? Congress begs off, saying it will cost US$60 million to test the gold. Other figures bandied about suggest US$15 million. Other so-called experts contest both figures, stating that an independent audit and assay could be conducted for as little as US$15,000."
Executive Order for Your Gold - Gold Forecast - Silver Forecast - ETF Trading Strategies - ETF Trading Newsletter

Previously, the FED reported total dollars in circulation. They stopped reporting in 2006 because it cost too much to collect the information.
The End of M3 - Hiding the Truth About Inflation

Paul Craig Roberts has a plan / prescription for an escape / recovery. It's doubtful that the money powers will allow it to come to fruition.
https://www.paulcraigroberts.org/2015...-craig-robert/

https://www.energeticforum.com/general-discussion/13014-economic-pressur...

lakedweller2
Aug 6, 2015 - 11:25pm
tyberious
Aug 6, 2015 - 11:23pm

Kyrgyzstan Cancels US

Kyrgyzstan Cancels US Cooperation Treaty

Gladio B Update: Kyrgyzstan Cancels US Cooperation Treaty
tyberious
Aug 6, 2015 - 11:22pm

U.S. Government Made

U.S. Government Made ‘Humanized’ Mice With Tissue from Babies 17- to 22-Weeks Gestational Age

by Terence P. Jeffrey, CNSnews:

A group of government researchers working for a National Institutes of Health laboratory in Montana made “humanized mice” by implanting the mice with tissues cut from human livers and thymuses taken from babies at 17 to 22 weeks gestational age.

The researchers then published a paper describing how they constructed this particular type of “humanized” mouse, saying they hoped their description of the process would help other researchers seeking to make such mice in the future.

The same government researchers had collaborated on another journal article about the “humanized” mouse with an NIH-funded researcher at Massachusetts General Hospital–which has an ongoing federal grant that also involves humanizing mice using human fetal livers and thymuses. The NIH could not answer some basic questions about the fetal tissue used in these research projects that U.S. taxpayers funded.

Read More @ CNSnews.com

EDIT: Say what you will but your government is not your friend!

boomer sooner
Aug 6, 2015 - 11:17pm

Back to the Future II

Wife had it on the tube. Guess the date into the future? October 21, 2015. No way to telegraph from 1989? Lots of similarities projected.

McFly?

lakedweller2
Aug 6, 2015 - 11:06pm

Debates

Another orchestrated event! BS!

tyberious
Aug 6, 2015 - 11:00pm

Santa

The Rumblings of War

"Shock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. https://www.bloomberg.com/news/articles/2015-08-04/imf-says-more-work-needed-before-yuan-reserve-currency-decision What exactly does this mean? I can tell you the gold community is so shell shocked and fearful at this point, it “must be bad for gold”, right? Going back a couple of weeks, China announced they had accumulated another 600 tons or so of gold to the near panic of precious metals investors. This announcement would be used as another shot at taking price down because the Chinese “don’t like gold as much as we thought”. This was the prevailing sentiment.

What I think happened was China played “good boy” with the West and lied about their gold holdings. They announced enough gold to allow them into “the club” but not so much as to “offend” or intimidate anyone in the West. Their announcement was clearly bogus as they are importing 600 tons every three months …and we are to believe it took them six years? China had requested both “publicly and officially” to be included in the SDR. They were publicly humiliated with this move by the IMF. The Chinese are a very proud people, public humiliation would be last on my list of aggressions toward them!

Make no mistake, they will retaliate. I believe just as the IMF did this while China is having market problems and during a period of weakness, China will return the favor to the U.S. …at a very inopportune time for us. When our markets are convulsing, probably this fall, you can expect one of two responses from the Chinese. They will either come public with a true and VERY LARGE number for their gold holdings, or they will threaten to and actually dump some Treasury securities/dollar holdings…or both! I believe their response will be timed to hit us just as in a boxing match, when we are tired, down or vulnerable …for maximum effect.

Whether you want to believe it or not, the U.S. is in a financial war with nearly the rest of the entire world. To not include a rising China into the SDR makes no sense and is an impossible feat in the long term unless China decides it is not their desire. I see no upside whatsoever to this action. Does it “buy time” and postpone the inevitable? Maybe not. The action of poking the hornets nest may actually accelerate the collapse!

There are other possibilities but looking at the two retaliatory options mentioned above, what could result? First, were China to come clean and “admit” they have 10,000 tons of gold (or MUCH MORE), the yuan would immediately strengthen and move into the dollar’s territory as a settlement currency. Markets would quickly do the math and understand if China has this much gold …where oh where did it come from? China could even do an audit publicly and count the bars out in the open surroundings of their Olympic stadium in a “we’ve shown you ours, now you show us yours” fashion!

The other possibility comes with an “option A or B” for the Fed. If the Chinese decided to sell some of their Treasury holdings, could the Fed sit idly by? Option A, the Fed could let the market absorb the dumped Treasuries and allow interest rates to rise and watch as bond prices crater. This is not much of an option, especially in a world where all prices are generated and created “officially”. On the other hand, option B would be FORCED MONETIZATION! The Fed could decide they had to buy any and all Treasuries offered by China. I believe this is exactly what the Fed will decide they MUST do.

Not coincidentally, the Chinese know this. They also understand by using this tactic, they will be forcing the Federal Reserve to create an “exit door” especially for …and because of them. This is the reverse of the old story, if you owe the bank $1 million they own you, if you owe $1 billion then you own the bank. You see, in this instance the Chinese have a direct lever on our credit markets. It would be bad enough if they could control our interest rates which they certainly can now influence. What makes this really bad is they can FORCE the Fed to either monetize or face the immediate collapse of credit markets and thus all markets. As I mentioned above, the Chinese will not do this until the time is right. The time will “be right” when our markets display weakness. They will smile while doing this and politely (publicly) restore honor and dignity."

https://www.jsmineset.com/2015/08/06/the-rumblings-of-war/

stealthbear
Aug 6, 2015 - 10:38pm

Thanks Jaba and jonesmw

I was not aware of this. Nice way for them to sneak up on you and take it all. I sent funds to Goldmoney before this was enacted. Thinking of just selling out at a huge loss to not have to worry about filing these. Will not invest anything in Bitgold for the same reason.

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