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| RATIOS & INDEXES |
| Gold / Silver | 63.09 |
| Gold / Oil | 13.18 |
| Dowjones / Gold | 12.91 |
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 | Most read |  |
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 | James Howard Kunstler |
 Excuse Me For Living  |
| I srael has all the proof it needs that world opinion will never consider its right to exist important. The Obama White House, and a lot of the US News Media, portray the Hamas-Israel conflict as something like an amateur soccer match, with the uneven score (40-odd Israeli soldiers killed versus 1000-plus Palestinians, mostly civilians) showing that the contest is unfair, that Israel has “gone too far,” that they have entered the same moral zone as Hitler, Stalin, and Pol Pot, carrying out a “geTuesday, July 29, 2014 |
|
 | Ron Paul |
 End Torture, Shut Down The CIA!  |
| Remember back in April, 2007, when then-CIA director George Tenet appeared
on 60 Minutes, angrily telling the program host, "we don't torture people"?
Remember a few months later, in October, President George W. Bush saying, "this
government does not torture people"? We knew then it was not true because we
had already seen the photos of Iraqis tortured at Abu Ghraib prison four years
earlier.
Still the US administration denied that torture was torture, preferring to
call it "enhancWednesday, July 30, 2014 |
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 | Bron Suchecki - Perth Mint |
 205,000 or 205 tonnes of gold, why commas matter |
| Karen Hudes latest refers to "The UBS is holding 205,000 MT under the Global Debt Facility for the benefit of humankind" and she provides a link to a letter from UBS and associated gold certificates as proof of the figure.
The letter says that "... volume of 205,000 Metric Tons issued last June 15, 1977 is unrestricted for collateral ..."
Unfortunately, given that the letter and certificates are issued by UBS, a Swiss firm, and that Switzerland is one of the countries that uses commas as a decMonday, July 28, 2014 |
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 | Philippe Herlin - GoldBroker |
 U.S. Authoritites Starting to Worry about Deutsche Bank’s Mountain of Derivatives |
| We know, since last year, that Deutsche Bank has become the bank with the most exposure to derivatives in the world, slightly ahead of JP Morgan. The total amount of the German bank’s derivatives is astounding: 55 Trillion euros, a sum equal to 20 times Germany’s GDP, or five times the Euro zone’s GDP. Obviously, the bank could not face any hard depreciation of those products, since they represent 100 times its clients’ deposits, or 150 times its own funds...
What’s new is that financial authorThursday, July 31, 2014 |
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 | Jesse - Le Cafe Américain |
| Victorian Britain: 'Yoke Up the Children' |
| "Many thousands are in want of common necessaries; hundreds of thousands are in want of common comforts, sir."
"Are there no prisons?"
"Plenty of prisons."
"And the workhouses." demanded Scrooge. "Are they still in operation?"
"Both very busy, sir."
"Those who are badly off must go there."
"Many can't go there; and many would rather die."
"If they would rather die," said Scrooge, "they had better do it, and decrease the surplus population."
Charles Dickens, A Christmas Carol
Efficient markets,Thursday, July 31, 2014 |
|
 | Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today The gold price closed at $1,300.60 down $5.50 on Tuesday in New York. In Asia and early London, prices fell to $1,299.20 as the euro lurched lower reaching $1.3398.The gold price was Fixed at $1,297.5 down $9.50 and in the euro at 968.428 down 4.124, while the euro was weaker at $1.3398. Ahead of New Yorks opening, gold was trading at $1,298.40 and in the euro at 968.74.Silver Today The silver price closed in New York at $20.60 down 2 cents. Ahead of New Yorks opening it was Wednesday, July 30, 2014 |
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 | Mark O'Byrne - gold.ie |
| Gold Could Go To Infinity - Ron Paul |
| Today’s AM fix was USD 1,297.50, EUR 968.43 and GBP 766.21 per ounce.
Yesterday’s AM fix was USD 1,307.50, EUR 972.84 and GBP 770.39 per ounce.
Gold fell $4.50 or 0.34% yesterday to $1,300.60/oz and silver slipped $0.02 or 0.1% to $20.60/oz.
Silver for immediate delivery rose 0.2% to $20.61 an ounce in London. Platinum was 0.2% higher at $1,485 an ounce. Palladium gained 0.2% to $882/oz and appears to be consolidating close to a 13 year nominal high of $889.75.
Gold is flat in London this moWednesday, July 30, 2014 |
|
 | Mish - Global Economic Analysis |
| Ukrainians Ordered to War, Women Burn the Military Writs |
| The war in Ukraine is going so well that soldiers are unpaid and men are ordered to serve whether they want to or not.
Hats off to a group of women who confront a Ukrainian soldier and burn military writs right in front of the soldier's face.
Writ Burning Video
Video link: Ukrainians Burn Writs
Transcript
Woman to Ukrainian soldier: Who are you?
Soldier: I am the head of the local recruiting center.
Woman: Why are you bringing military writs?
Soldier: It's an order from above. I can'Tuesday, July 29, 2014 |
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| Jesse - Le Cafe Américain |
| C. S. Lews On Kindness and Civility at the Table |
| "We hear a great deal about the rudeness of the rising generation. I am an oldster myself and might be expected to take the oldsters' side, but in fact I have been far more impressed by the bad manners of parents to children than by those of children to parents.
Who has not been the embarrassed guest at family meals where the father or mother treated their grown-up offspring with an incivility which, offered to any other young people, would simply have terminated the acquaintance? Dogmatic asseTuesday, July 29, 2014 |
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 | Michael Pento - Delta Global Advisors |
| It's Deja Vu Disappointment All Over Again |
| Baseball great Yogi Berra had a saying "It's déjà vu all
over again", and every year around this time, I am reminded of those words.
As we have once again, happened upon that magical time of year I call, recovery
summer déjà vu. It's the time of year when Wall Street and Washington
apologists trot out their dog and pony narrative, in an attempt to spin the
actual data, proving we have finally embarked on the summer that will launch
sustainable economic growth.
And this year is no excMonday, July 28, 2014 |
|
 | Graham Summers - Phoenix Capital |
| There Will Be No Warning When the Next Crisis Hits |
| Yesterday we wrote about the Cyprus bank “bail-in” noting that while ordinary citizens were screwed, connected insiders had ample time to get their money out of the banks before they were frozen.
Today, we note the following:
Russian oligarchs who are close to Vladimir Putin have a week to get their cash out of Britain before sanctions are imposed, it has emerged.Sunday, July 27, 2014 |
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| Jesse - Le Cafe Américain |
Joy  |
| If I have learned anything in the past few years, it is that work and money and the markets are only things. Important, but only as means to the ends, which are the real stores of value.
And so I will enjoy the rest of the day, and the good news I have just received, and be back tomorrow. And the markets will still be there, as I hope that you and I will also be.
Things can be replaced. People can't. When the stars burn out, and the planets and all material wealth turns to dust, only theSunday, July 27, 2014 |
|
 | Tom DiLorenzo - lewRockwell |
| The American Religion of Violence |
| Laurence Vance has coined the word “warvangelical” to describe so-called evangelical Christians who are obsessed with supporting all of the state’s wars and all of the death, destruction, and mayhem that they entail. They ignore the ancient just war tradition of St. Thomas Aquinas, among others, and simply support all war and all military aggression – as long as the U.S. government is the aggressor.
These are the people who booed at Ron Paul when he reminded them at one of their conventions thaSunday, July 27, 2014 |
|
| Mish - Global Economic Analysis |
| Who's Winning the War in Ukraine? Answer May Shock You! |
| Here's the question, not of the day, but of the month: Who's Winning the War in Ukraine?
That may sound like a simple question, but it isn't.
That question leads to a second question "In whose eyes?" It also depends on the definition of "war". And it also depends on the definition of "win". And finally it depends on which media source you believe.
Military Aspect
From a military aspect, I have seen reports from both sides. The Western media portrays Ukraine on the march with the rebels surrSaturday, July 26, 2014 |
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| Mish - Global Economic Analysis |
| SBU Cleans Website of Bogus "Proof"; Mystery of 312 Grows |
| An image from the Security Service of Ukraine ("SBU") that purportedly showed a Buk heading back to Russia at nighttime, has now been removed from the cite.
I made a screenshot of the image and posted it in Ukraine Caught in Third Major Lie? Magic Number 312.
The image once was at the bottom of this SBU page: Russia is trying to hide the evidence of his involvement in a terrorist attack in the skies over Ukraine.
Here is the image I posted, now removed.
CNN Complicit as Well?
Shortly aftSaturday, July 26, 2014 |
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