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Lysander Spooner
  Gold and Silver as Standards of Value 
All the usurpation, and tyranny, and extortion, and robbery, and fraud, that are involved in the monopoly of money are practised, and attempted to be justified, under the pretence of maintaining the standard of value. This pretence is intrinsically a false one throughout. And the whole motive for it is to afford some color of justification for such a monopoly of money as will enable the few holders of gold and silver coins (or of such other money as may be specially licensed and substituted for them) to extort, in exchange for them, more of other men’s property than the coins (or their substitutes) are naturally and truly worth. That such is the fact, it is the purpose of this article to prove.
Friday, October 24, 2014
Wolf Richter
LEAKED: What Happens to Germany if Russia Turns off the Gas 
One of the threats, or perhaps the threat, hanging over the EU due to the sanctions fiasco has been the possibility that Russia could shut down the pipelines and stop deliveries of natural gas to European countries. It would be a way to escalate the crisis and force a solution of one kind or another. It would do enormous damage to the Russian economy. What are they going to do with the gas that gets pumped on a daily basis to Europe, and particularly to the largest consumer, Germany? Inhale it?
Friday, October 24, 2014
James Howard Kunstler
“Omenland” 
D id a few loose strands of Ebola seep into the organs and tissues of global finance last week? The US equity markets sure enough puked, the Nikkei bled out through its eyeballs, all the collagen melted out of Greek bonds, and treasuries bloated up grotesquely on a putrid stream of terrified “liquidity” that led two Federal Reserve proctologists to maunder about the possibility of a QE-4 laxative, out of which, in due time, will surely gush explosive bloody fluxes of deeper financial sickness. T
Tuesday, October 21, 2014
Stewart Thomson - Graceland Update
Rate Hikes & Gold
Graceland Updates By Stewart Thomson1.While all “systems are go” for the precious metals sector, or at least appear that way, things are substantially more questionable for the world’s stock, bond, and real estate markets.2.India’s top central banker, Raghuram Rajan, is highly educated, in both engineering and economics.He’s one of the smartest practical economists in the world, and the only central banker to have predicted the 2008 super-crisis.3.Ominously, he’s the only central banker now, iss
Tuesday, October 21, 2014
Steve Saville - Speculative Investor
Why is gold mining such a crappy business? 
That gold mining has generally been a crappy long-term investment for almost five decades is evidenced by the following chart. The chart, much of the data for which were provided by Nick Laird of www.sharelynx.com, shows the ratio of the Barrons Gold Mining Index (BGMI) and the US$ gold price from 1920 through to the present*. More specifically, it shows that, relative to gold bullion, the group of gold-mining stocks represented by the BGMI has been in a secular decline since 1968 and is now clo
Monday, October 20, 2014
Dan Popescu - GoldBroker
How Much Gold is on Loan Worldwide
We can’t speak about the manipulation of the gold price today without understanding the derivatives market. Right after the crash of 2000 in the stock market I became alarmed by the exponential increase of derivative products but especially by the complexity of those products. I am sure that if I asked one of those financial engineers who has designed those products to explain their functioning and consequences in a bear market or, better yet, in a crash, he would be incapable. We are familiar w
Friday, October 24, 2014
Jeffrey Lewis
The BIS Paves the Way for Silver and Gold
Behind the scenes (or rather, behind the curtain of propaganda) the most influential of the banking class is sending out smoke signals. The Bank for International Settlements (BIS), which is the bank for central banks, has telegraphed the next major world financial downturn. As if you could not see it coming. Recently, the Bank for International Settlement (BIS) warns of 'violent' reversal of global markets.“Investors take zero-rates for granted and unwisely believe that central banks will prote
Saturday, October 25, 2014
Jesse - Le Cafe Américain
US Dollar Valued In Gold Since 1718 
How many ounces of gold can $1000 buy? The answer over time is instructive. Here is some knowledge about money. It is remarkable how few economists really understand this, and what it means, what it implies.  Here is Paul Krugman's opinion on the currency war and the US dollar in a recent piece called Godwin and the Greenback.    I think it speaks for itself.    And he is certainly not the worst economic voice out there, which is what makes this so disconcerting.   At least he is not an aus
Saturday, October 25, 2014
George F. Smith - Barbarous Relic
  The Virtue of Hoarding 
Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.
Sunday, October 19, 2014
Mark O'Byrne - gold.ie
Prepare for Global Gold Confiscation and Orwell's 1984, Warns Rickards 
Microchips embedded in the arms of citizens to track their activities, the total destruction of the middle classes and a cashless economy where an authoritarian state can freeze the accounts of dissenting citizens excluding them from all economic activity….. These are all part of the cheery scenario painted by the highly respected author and IMF-insider with connections to the Pentagon, Jim Rickards in his most recent article for Agora Financial. "In the year 2024" as the article is called, capi
Thursday, October 23, 2014
Lew Rockwell
  The Fascist Threat 
Everyone knows that the term fascist is a pejorative, often used to describe any political position a speaker doesn’t like. There isn’t anyone around who is willing to stand up and say: "I’m a fascist; I think fascism is a great social and economic system." But I submit that if they were honest, the vast majority of politicians, intellectuals, and political activists would have to say just that.
Monday, October 20, 2014
Bill Downey - Commodity Trader
Gold Weekly Report---the Consumer price index report on Wednesday should be key this week
Gold Weekly Update ~ Oct 19, 2014 Trend Long Term ~ Bearish– Need a monthly close above 1560 for neutral trend without bearish potential. The key resistance area’s to regain new bull market leg are 1792 and 1804-1830 Medium Term ~ Neutral/Bearish– A monthly close below 1289 puts gold in full bearish trend for the medium term trend. However, it is possible that we have made an important low again at 1180. Odds still favor it will get broken before the end of the bear market. Intermediate Term ~N
Monday, October 20, 2014
Philip Judge - Anglo Far East
A Century Unique In All History 
This last century is unique in all of history, as it tells the story of the first time in all of history, that gold has been completely and officially abandoned as the backing for money. We have said before that maintaining control of the financial systems is the largest single challenge facing the leaders of the world today. This is evidenced in the last two years by the record number of summits and emergency meetings of organizations such as IMF, World Bank, World trade Organization, and the G7. The Plunge Protection Team and Exchange Stabilization Fund have been working overtime, while we have witnessed the setting up and convening of special sub committees of central banks and governmental policy makers, all dedicated to ensuring stability of financial and capitol markets, at all costs.
Tuesday, October 21, 2014
Chris Martenson
Ebola! 
The current Ebola outbreak, unlike others throughout history, is lasting a very long time; with cases now being reported on a variety of continents well outside of its equatorial African origin. I'm not especially worried about Ebola striking me or my loved ones, for reasons I'll explain in a moment. But I'm growing increasingly concerned about government response to the outbreak. So let's spend some time understanding the nature of Ebola, specifically, and viral contagion, more generally. At th
Monday, October 20, 2014
Gold secrets - Bix Weir
Golden Secrets (IV) The Chinese Imperial Gold 
A third is the rumored Chinese Imperial Gold that Benjamin Fulford has claimed to have knowledge of. This treasure is so vast that Fulford's contacts has put the total of above ground physical gold in the world closer to 1,000,000 tons instead of the official number of 160,000 tons. The basic fact is that Eastern countries have coveted gold for centuries and it makes sense that most of the gold ever mined in the world is located somewhere in Asia. Even today, India imports around 33% of all the gold mined in the world and have been the largest gold importer for years.
Thursday, October 23, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Gold benefits from market uncertainty
The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality. Financial markets hit a serious air-pocket this week, with a collapse in US Treasury bond yields in a dash-for-cash, illustrated in the chart below. On Wednesday the yield fell from 2.21% to 1.87%, a move of over three whole p
Tuesday, October 21, 2014
Rick Ackerman
The Death Rattle of Europe’s Statist Dream 
Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e.,  Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one, b
Monday, October 20, 2014
Nathan Lewis - New World Economics
  Russia's Currency Crisis: This Is So 2008!
http://www.forbes.com/sites/nathanlewis/2014/10/16/russias-currency-crisis-this-is-so-2008/ Are you getting that “it’s kinda like 2008 again” feeling? I am! In November of 2008, the Russian ruble was collapsing vs. the dollar, the Russian central bank was intervening in the foreign exchange market, Russian interest rates had risen to high levels, and I was writing an op-ed about it. Here’s what I wrote in 2008: On the surface, it appears that
Sunday, October 19, 2014
Wolf Richter
The Pauperization of Workers in the UK and America
Since the financial crisis, the government of the UK and the Bank of England have jumped through hoops and twirled around in extraordinary gyrations to bail out one of the largest financial centers in the world, the uniquely powerful and at once unaccountable speck of land, the City of London, an incorporated area within London known as the Square Mile; or rather bail out its financial institutions, way of doing business, and bonuses; and along the way, bail out banks further afield. Done in the
Saturday, October 25, 2014
Perth Mint Blog - Perth Mint Blog.
Scientists Discover Gold Grows On Trees 
ALL ABOUT GOLD Money doesnâ??t grow on trees, but according to scientists from CSIRO, gold most certainly does! Theyâ??ve discovered tiny â??nuggetsâ?? in the leaves and branches of eucalyptus trees growing in the Kalgoorlie region of Western Australia. CSIRO geochemist Dr Mel Lintern said the trees act as hydraulic pumps, drawing up water containing gold from tens of metres beneath the surface. â??As the gold is likely to be toxic to the plant, itâ??s moved to the leaves and branches where i
Friday, October 24, 2014
Marin Katusa - Casey Research
Oil Deflation, the Saudi’s Muslim Frankenstein, and the Colder War
Deflation [dih-fley-shuhn] Economics. a fall in the general price level or a contraction of credit and available money (opposed to inflation). Source: Dictionary.com The US Energy Information Administration (EIA) published a very compelling chart last week; it shows that the net energy imports of the US as a share of consumption are at their lowest level in 29 years. How can this be? The reason is shale oil. The success of the shale oil sector—specifically horizontal drilling and
Tuesday, October 21, 2014
Alasdair Macleod - Finance and Eco.
Why the business cycle is failing 
Since WW2 economic theorists have posited that demand in the economy could be stimulated by a combination of deficit spending by the government and by suppressing interest rates. The separation of demand from production was promoted by Keynes and interest rate management of the economy by monetarists, though there is considerable overlap between the two. Yet no progress in economic management has been achieved: instead we appear to be on the brink of a major economic dislocation.Far from banishi
Tuesday, October 21, 2014
Nathan Lewis - New World Economics
A Brief History of World Currencies, 1949-2014
Here's something you don't see everyday: a look at all the currencies in the world, from 1949 to 2014. We looked at currencies during the 1914-1941 period earlier this year: July 18, 2014: Foreign Exchange Rates 1913-1941 #8: A Brief Summary June 22, 2014: Foreign Exchange Rates 1913-1941 #7: Switzerland's Independence; Turkey Avoids Devaluation June
Monday, October 20, 2014
Jeffrey Lewis
Perpetual Debt Slavery 
There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service. The second type of debt is a Ponzi large enough to make Bernie Madoff blush.  And crash the system. In the current system, debt is money for nothing used to create asset bubbles. Including the equity lift-off we see today. Giving rise to the pump and dump scams that are very much alive and well.As Zerohedge captured the essence: "To
Tuesday, October 21, 2014
Bix Weir
Understanding Silver Price Manipulation 
Is There Silver Price Manipulation? What should the silver market be like? In the broad scope of markets the silver market is tiny. In my opinion it should be a sleepy "quaint" little market. Supply is fairly stable varying about 5% annually. There are never any huge silver discovery announcements.
Saturday, October 25, 2014
Chris Powell - GATA
Koos Jansen: The Chinese precious metals market is on fire 
China's gold demand, as signified by offtake from the Shanghai Gold Exchange, has reached "extraordinary" levels in recent days, while silver is growing shorter in supply as well, according to gold researcher and GATA consultant Koos Jansen, market analyst for Bullion Star in Singapore. Jansen's analysis is headlined "The Chinese Precious Metals Market Is on Fire" and it's posted at Bullion Star here: https://www.bullionstar.com/article/the%20chinese%20precious%20metals%20...
Monday, October 20, 2014
Mike Hewitt - Dollar Daze
Worthless Trillion Dollar Paper 
In 2009 Zimbabwe announced that it will issue a new set of notes which will include a 10 trillion, 20 trillion, 50 trillion and 100 trillion denomination. One commentator stated that these notes will be introduced to "keep pace with the hyperinflation that has caused many
Tuesday, October 21, 2014
Mark O'Byrne - gold.ie
India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High
Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness. Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in September as geopolitical tensions rose.  The seemingly insatiable appetite of the growing Indian middle class for gold is causing the government in India to again consider imposing sanctions on the importing of gold.  Gold
Wednesday, October 22, 2014
Michael Pento - Delta Global Advisors
A Funny Thing Happened on The Way to Raising Rates 
It wasn't too long ago that the stock market was busy celebrating a "great" September jobs report. There were 248k net new jobs created and the unemployment rate dropped to 5.9 percent. Janet Yellen, Ben Bernanke and the rest of Washington D.C.'s central planners deemed it a great time to take a Keynesian victory lap, basking in the delusion that they now have proved you actually can print and borrow your way to prosperity. And, because of their success, the Fed would be able to raise
Monday, October 20, 2014
Chris Powell - GATA
Von Greyerz: Swiss gold referendum aims squarely at market manipulation
Swiss gold fund manager Egon von Greyerz today comments to King World News about the opinion poll showing strong support for the Swiss gold repatriation referendum proposal. Von Greyerz says: "The yes campaign starts this Thursday with a press conference. This is when it will put forward its arguments for this initiative. The Swiss government is against this initiative, as all governments are, because it takes away the government's ability to manipulate the currency and gold markets. Switzerlan
Wednesday, October 22, 2014

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