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overtheedge - 3/3/2015 at 7:46 PM GMT
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 Financial Repression Authority with Mebane Faber
 - Gordon Long - Market Analytics
"The US is only about 50% of global market cap but most US investors have a 'hometown bias" of having 70% of their portfolio in US securities. Faber has found that it consistently ranges from as low as 65 to as high as 85%. Meanwhile, when considered on a GDP basis the US is only about a fifth to 25% and on a valuation basis is the third most expensive. This would suggest the US has a headwind, especially after a six year run. An exposure of at least half to foreign investment seems more reasonable to Meb Faber."

And none of those foreign countries would engage in "capital controls" or "nationalization" of foreign owned assets?
It's your money, do with it as you inevitably will.
But spare us your whining.

Just a friendly rule of thumb:
I... 
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overtheedge - 3/3/2015 at 6:59 PM GMT
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 Bondholders “Bailed In” In Austria – EU Bondholders Today, U.S. Depositors Tomorrow?
 - Mark O'Byrne - gold.ie
"“Bail-in is now the rule” as Irish finance Minister Michael Noonan warned in June 2013. Noonan admitted that the move to not maintain deposits as sacrosanct was a “revolutionary move.”

The one thing we learn from history is that we learn nothing from history.
In the USA, after the Banking Act of 1933, deposits suddenly were insured (in 1934 - $2500, today - $250,000 for a 100X increase).
Prior to that, depositors were wise to use due diligence when choosing a bank.
Banks failed and were shuttered.
Deposits gone.
So "revolutionary"?
No, the correct term is "reversion to the mean".

It will soon become obvious that the term, "counter-party risk" is just a euphemism for "predictable collateral damage".
So what risk premium ... 
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Argus - 3/3/2015 at 2:57 PM GMT
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 Bondholders “Bailed In” In Austria – EU Bondholders Today, U.S. Depositors Tomorrow?
 - Mark O'Byrne - gold.ie
Shortly after the Cyprus test run, Canada's budget document made provision for bail-ins in the event of significant 'systemic risk' to the banking sector. 
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overtheedge - 3/2/2015 at 10:49 PM GMT
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 Illinois Pension Plans 39% Funded; Taxpayers On the Hook for $105 Billion in Liabilities; It Will Get Worse!
 - Mish - Global Economic Analysis
And it gets even worse.
The unfunded pension liability monies aren't invested and never will be.
You can't pay pensions out of an unfunded investment scheme. 
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neville - 2/28/2015 at 11:30 AM GMT
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 China is about to overthrow London in gold trading, Maguire tells KWN
 - Chris Powell - GATA
This a good slap in the face for the downright crooked bullion banks,traders that have been front running ie algorythm trading etc
It had to take a move of this nature to show us up the West just how corrupt we are,how downright dishonest we are ,just how
utterly unreliable we are.....In short one hellava dispicable lot.

Very good news for TRANSPARENCY,MARKET DISCOVERY and the like.
For the very first time the data that will flow into the likes of www.stockcharts.com,www.bigcharts.com etc will be ACCURATE
How anyone that has been following bullion charts can really say they believe what they see beats me SHIT IN SHIT OUT

Lets see what the prices will post the move from the LBMA the filthy cheats 
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overtheedge - 2/27/2015 at 3:41 AM GMT
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 A Salvo in the Battle for the Gold Standard  (5)
 - Keith Weiner - Monetary Metals
I would argue that the devil is in the details, i.e. the definition of money.
What the people of the US are using is currency.
Currency being defined as the current medium of exchange.

Those who trot out the Constitution are for the most part delusional about what constitutes money.
Article I section 8 and 10 make it perfectly clear that only the Federal gov't can coin money.
Ergo by the term coin, this means metal. You really don't think the framers of the Constitution didn't grasp the concept of printing, do you?
They certainly understood the concept of counterfeiting securities.
Further Article I section 10 makes it abundantly clear that the States may only use gold and silver coin a tender in payments of debt.

Therefore g... 
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Doom - 2/25/2015 at 10:34 PM GMT
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 In Search of the Magic Wand: Career Change at Age 45 Possible?
 - Mish - Global Economic Analysis
Yes, stay away from University of Phoenix, a school with a 9% graduation rate, that only gets students because it spends $200,000 a day on Google advertising, and where employers toss applicants with UoPhoenix degrees in the trash. 
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overtheedge - 2/25/2015 at 7:22 PM GMT
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 Emails From Kiev: Free Speech Vanishes, Total Media Thought Control; US Radar System Falls ...
 - Mish - Global Economic Analysis
"The problem is, the asshats associated with Poroshenko are even worse than he is."

I'm assuming you mean the predators in the US White House and Congress? 
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depourcq - 2/25/2015 at 2:40 PM GMT
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 The Bull Case For Gold This Year, and the Bear  (3)
 - Sam Kirtley - Sk Options Trading
You talked about all the wrong reasons that gold will rise or fall, their is only one that everyone should know. The US has a debt of 18.134 trillion and rising, with more spending to come . The US has 8134 tons of gold? That's around 260 million ozs, At a 1/20 backing of gold to the debt that should put gold around 3,468.35 per oz I could go on but I wont , thanks for the read.  
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neville - 2/25/2015 at 9:11 AM GMT
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 The Bull Case For Gold This Year, and the Bear  (3)
 - Sam Kirtley - Sk Options Trading
The fact that you are very lowly rated might be one of two things .1.You have been playing this card to often (Bear Joker) 2,The other is that you are very young and wildly very inexperienced.I congratulate you on any success you may or may not have had.
Because you are who you are precludes me from giving you any worth while advice sufficed as to say this IS 2015 its all change year.
We are going to go through hell on earth as changes ring out and you with your stand point will go into the mix with it.
Sufficed as to say when OIL does what OIL doe it portends the end of the broad stockmarket and it buries the old bull but another is born its
stead to give life to a neglected sector I leave you guessing and scratching that dreadfully untidy hair of y... 
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jox - 2/24/2015 at 4:53 PM GMT
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 Interventionism Kills: Post-Coup Ukraine One Year Later  (6)
 - Ron Paul - 
A nice summary of what actually happened. It's sad that few europeans and even fewer americans are going to read it.

My opinion is that US want this war desesperately. France and Germany brokered peace will last only until the Kiev government is resupplied with weapons, after the recent big defeats. They are only winning time, but the war will continue after that. 
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M. - 2/24/2015 at 4:14 PM GMT
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 First ZIRP, Now NIRP!
 - John Rubino - Dollar Collapse
Industries which have been considered to be the safest places to place money are now being forced into becoming quasi hedge funds to achieve yield.

Minsky's instability hypothesis in a nutshell. 
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Karandash - 2/22/2015 at 11:37 PM GMT
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 Debt Heaven Fallacy, not on Earth  (4)
 - Jim Willie CB - Hat Trick Letter
45 years ago I needed a loan to buy a car. I was 19. I had a job. But my parents had to put their house as collateral.
ahh... forget it.... 
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Answer To :S W. - 2/21/2015 at 8:40 PM GMT
I will hazard a guess and suggest that at least 95% of the world's population (>20 yrs old) would be clueless as to how dangerous it is to leave money in a bank.
Depositors are unsecured creditors and are therefore at risk of not being able to get money out if and when they want, or more specifically, need it.
Now is as good a time as ever to take it out and swap it for real money !!!

Good stuff Jackass.
 
end - 2/22/2015 at 4:05 AM GMT
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 "Prepare for Full-Scale War" says Ukraine Deputy Foreign Minister: "With What?" asks Mish; Ukraine Lie of the Day  (7)
 - Mish - Global Economic Analysis
People living in Ukraine suffered a lot from Mongols, Poles, Germans and such. They have been terrorized, striped of their identity, forced to sign Union, establish Nazi state and what not. This is, however, the rock bottom. The only part of the crowd, saving their collective face, are those draftees surrendering en mass and refusing to fight their own people for Germans and their overseas monster masters. They will be the ones bringing current Kiev leaders to prominent semi-permanent spots in Kiev squares or service stations.  
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S W. - 2/21/2015 at 7:40 PM GMT
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 Debt Heaven Fallacy, not on Earth  (4)
 - Jim Willie CB - Hat Trick Letter
I will hazard a guess and suggest that at least 95% of the world's population (>20 yrs old) would be clueless as to how dangerous it is to leave money in a bank.
Depositors are unsecured creditors and are therefore at risk of not being able to get money out if and when they want, or more specifically, need it.
Now is as good a time as ever to take it out and swap it for real money !!!

Good stuff Jackass.
 
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overtheedge - 2/21/2015 at 6:39 PM GMT
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 Greece Is Fixed! Oh, Wait...
 - John Rubino - Dollar Collapse
This might just be the most prophetic statement yet.
"A few months of breathing room just gives savers a chance to get out in a leisurely rather than panicked way."

Bank runs tend to become complete panics.
So instead of runs, the savers will casually stop-by and withdraw some money in the next few weeks.

The public reacts to what is perceived as important.
Casual doesn't even raise a blip on their panic radar.

This gets even more mileage through the routine of can-kicking.
If the public gets the idea that the can-kicking works over and over again, their normalcy-bias gets reset.
In 4 months, the general public will ho-hum the events, very possibly until its too late.

Always bet on human nature.  
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overtheedge - 2/21/2015 at 12:06 AM GMT
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 Lacy Hunt on Financial Repression; Deleveraging Not
 - Mish - Global Economic Analysis
"Therefore record low inflation ..."
Previously Lacy Hunt was with the Federal Reserve in Dallas.

http://research.stlouisfed.org/publications/net/20101001/cover.pdf?utm_source=Twitter&utm_medium=Social%2BMedia&utm_campaign=Twitter

It would appear there must be some confusion.
According to the linked to pdf, the USA has experienced several deflationary periods.
Now wouldn't real deflation be an even LOWER level of inflation?

My bovine excrement meter just exploded and caught fire filling the house with noxious smoke.
But I got it knocked it down with a fire extinguisher.
Windows and doors are open to exhaust the smoke, but ...
where did those mirrors come from?

But I don't sell anything so let's forget my sn... 
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overtheedge - 2/20/2015 at 3:54 AM GMT
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 NSA Hacks Into Sim Card Makers Giving US and UK Criminals Access to Millions of Cell Phones
 - Mish - Global Economic Analysis
"PRIVACY ADVOCATES and security experts say it would take billions of dollars, significant political pressure, and several years to fix the fundamental security flaws in the current mobile phone system that NSA, GCHQ and other intelligence agencies regularly exploit."

"The only way to stop this sh*t is to press charges, find the NSA guilty and send those responsible to prison."
Easier said than done. Remember, state secrets.

The spying agencies have a backdoor, I submit that the consumers have an open garage door in the form of a class action lawsuit against Gemalto for knowingly selling hacked SIM cards. Shut Gemalto down. Bankrupt them. Only then will industry get the hint.

No sense getting greedy. I figure that each customer need on... 
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overtheedge - 2/19/2015 at 8:06 PM GMT
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 Immuno-Oncology Promises Continued Wealth and Health: LifeTech Capital's Stephen Dunn
 - The Life Sciences Report - 
Who is going to pay these prices for the treatment?
Perhaps the 1%ers might have the income stream, but what percentage of them will need it?
Now factor in the length of drug patent rights.

All I see is a pump and dump.
The majors eventually buy the minors to acquire all the research and then write the cost off against taxes.
Never argue with success. 
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S W. - 2/18/2015 at 7:57 PM GMT
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 Dear Harry Dent: Wanna Bet?
 - Jeff Clark - Casey Research
Just about the silliest article ever written on 24hr.Gold
Too many people are fixated on the "price" and stupid analysis of things like cost of production, so called shortages of supply etc.

That said,a cursory glance at a monthly chart of the gold "price" ($USD) will show that it is in a strong downtrend.

$700 remains a very real possibility. 
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Argus - 2/18/2015 at 3:41 PM GMT
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 Dear Harry Dent: Wanna Bet?
 - Jeff Clark - Casey Research
Larry Edelson of Money & Markets is also of the opinion that gold will fall below $1,000. An opposed view is held by Andy Hoffman, Egon von Greyerz and others. As a non-economist, just a regular Joe Soap, it will be interesting to see how this pans out. Meantime, my gut tells me to rely on dollar cost averaging and to continue buying gold and silver regulatrly in the very small quantities I can afford, not as an investment but as an insurance policy. Gold coins have proved their usefulness in the history of my family. 
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Karandash - 2/17/2015 at 6:16 PM GMT
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 Doug Casey's omniscience vs. the many records of gold price suppression  (4)
 - Chris Powell - GATA
Quote: ""We Buy Gold" places can pop up everywhere (and they don't sell gold)"
Nice observation indeed.
In the most expensive street here in Luxembourg we have such a shop.
 
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Answer To :Doom - 2/16/2015 at 2:27 AM GMT
I certainly concede Casey's omniscience is odd, but not proof that he's "in on it".

That said, large conspiracies have been successfully enacted for years, so I can't rule out a conspiracy just because it would take a few thousand people (cf Gulf of Tonkin), especially when banks acknowledge they do manipulate, at least to some extent.

But, please, can you provide a plausible explanation why gold purchasing can have record-setting year after year after year, and "We Buy Gold" places can pop up everywhere (and they don't sell gold), and central banks can increase holdings pretty everywhere (but the US), production can decline...and yet the price just keeps dropping.

If you can give no explanation for this, can you provide a historical preced...
 
Karandash - 2/17/2015 at 6:08 PM GMT
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 Doug Casey's omniscience vs. the many records of gold price suppression  (4)
 - Chris Powell - GATA
What does he care , Mr Casey about the price/value of gold.
He lives in paradise in Chile. And smokes Cuban cigars !
What more do you want ? 
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Answer To :Doom - 2/16/2015 at 2:27 AM GMT
I certainly concede Casey's omniscience is odd, but not proof that he's "in on it".

That said, large conspiracies have been successfully enacted for years, so I can't rule out a conspiracy just because it would take a few thousand people (cf Gulf of Tonkin), especially when banks acknowledge they do manipulate, at least to some extent.

But, please, can you provide a plausible explanation why gold purchasing can have record-setting year after year after year, and "We Buy Gold" places can pop up everywhere (and they don't sell gold), and central banks can increase holdings pretty everywhere (but the US), production can decline...and yet the price just keeps dropping.

If you can give no explanation for this, can you provide a historical preced...
 
Karandash - 2/17/2015 at 6:02 PM GMT
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 Doug Casey's omniscience vs. the many records of gold price suppression  (4)
 - Chris Powell - GATA
"BTW, just what product does GATA bring to market? Perhaps a heaping basket of innuendo?"
Posters and T-shirts !
Many years ago I already asked Mr Surreptitious if he couldn't bring to market a Gata gold coin.
Still waiting.
Chris Duane of "don't tread on me" *silvershield.com" creates the most beautiful silver coins.
...
Had to look it up in the dictionary "surreptitiously". In each and every article of CP it is used. 
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Answer To :overtheedge - 2/12/2015 at 9:43 PM GMT
Doug Casey found guilty of incompetence by innuendo concerning the world-wide conspiracy to manipulate gold prices.
No hard evidence required, just admissions that banks regularly buy and sell in the gold market.

If GATA had hard evidence, why have they had such massive failures in the courts?
If GATA had proof, why are only the conspiracy theorists aligned with GATA?
If GATA could sway a court, wouldn't GATA be entitled to compensatory damages and court costs for the myriad of cases brought?

The problem with belief systems is the iron-clad rule that any evidence contrary to the belief MUST be denied, refuted, ridiculed and the offender duly chastised in the public forum.
Oh, and belief systems require no proofs. It is solely a matt...
 
Doom - 2/16/2015 at 1:27 AM GMT
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 Doug Casey's omniscience vs. the many records of gold price suppression  (4)
 - Chris Powell - GATA
I certainly concede Casey's omniscience is odd, but not proof that he's "in on it".

That said, large conspiracies have been successfully enacted for years, so I can't rule out a conspiracy just because it would take a few thousand people (cf Gulf of Tonkin), especially when banks acknowledge they do manipulate, at least to some extent.

But, please, can you provide a plausible explanation why gold purchasing can have record-setting year after year after year, and "We Buy Gold" places can pop up everywhere (and they don't sell gold), and central banks can increase holdings pretty everywhere (but the US), production can decline...and yet the price just keeps dropping.

If you can give no explanation for this, can you provide a historical preced... 
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Answer To :overtheedge - 2/12/2015 at 9:43 PM GMT
Doug Casey found guilty of incompetence by innuendo concerning the world-wide conspiracy to manipulate gold prices.
No hard evidence required, just admissions that banks regularly buy and sell in the gold market.

If GATA had hard evidence, why have they had such massive failures in the courts?
If GATA had proof, why are only the conspiracy theorists aligned with GATA?
If GATA could sway a court, wouldn't GATA be entitled to compensatory damages and court costs for the myriad of cases brought?

The problem with belief systems is the iron-clad rule that any evidence contrary to the belief MUST be denied, refuted, ridiculed and the offender duly chastised in the public forum.
Oh, and belief systems require no proofs. It is solely a matt...
 
overtheedge - 2/15/2015 at 7:17 PM GMT
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 Ceasefire or Not? Will Kiev Honor Agreement? Poroshenko Says "Prepare for Martial Law"
 - Mish - Global Economic Analysis
First, last, and always, wars are fought over resources.
In the case of a civil war, those resources are predominantly the tax revenue stream and the underlying real estate/industry that supports the revenue stream.
Now factor in the absolute requirement to maintain that revenue stream in order to service national debt.
The real estate and industry is the collateral that made it possible for Ukraine to get international loans.

The people are irrelevant. All of them can be killed and it won't affect the value of the collateral.
All the housing can be leveled. It is NOT a revenue generator.

The first thing everyone world-wide needs to understand is "the world is financialized".
Everything is evaluated on the basis of income produ... 
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end - 2/15/2015 at 11:11 AM GMT
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 Unemployment and groupthink  (6)
 - Alasdair Macleod - Finance and Eco.
The sole purpose of this sort of activity is to continue receiving goods and services in exchange for worthless green confetti. There's nothing behind USD but a load of outdated or malfunctioning weapons.  
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overtheedge - 2/14/2015 at 3:13 AM GMT
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 Senator Inhofe Sponsors Ukraine Military Weapons Bill Based on Images of Russian Soldiers in Georgia in 2008
 - Mish - Global Economic Analysis
Perhaps nobody noticed that the pictures were NOT taken during this winter.
This is absolute proof that Sen Imhofe, his aides and probably most of the Senate is composed of complete idiots.
How in the hell does someone NOT notice something so blatant as the green vegetation?
Must have been an anomalous weather system that made it comfortable for the troops to be wearing summer battle dress.
And it is even more curious that the troops were bringing summer uniforms with them in the dead of a Ukraine winter. The US Army leaves off-season BDUs in the barracks.
Does anyone read history?
What happens to summer dressed armies in Ukraine and Russia during the winter?

Thanks Mish for the gut-busting humor Senator Imhofe and company willingly ... 
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neville - 2/14/2015 at 2:56 AM GMT
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 Doug Casey's omniscience vs. the many records of gold price suppression  (4)
 - Chris Powell - GATA
Doug Casey is either a buffoon or just a downright idiot or both.How long has he been a citizen of the united states???
In case Doug has just woken from a deep sleep ,he would have noticed that he is living or lived in a country notorious
for its filthy lying.Now he asks certain questions of GATA as to why they can't get cracking and prove their case against
the american administration??

Well quite simply put Doug Casey and others ,its for the exact same reasons that neither the slain Lee Harvey Oswald
could ever be brought to trial, the same that there are more than 100 innocent prisoners on Guantanamo that the slime
in the american administration won't put them in the witness box and the same goes for the 3500 Architects,engineers,sci... 
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neville - 2/14/2015 at 1:22 AM GMT
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 The Plundered Gold Depository at Fort Knox
 - Charleston Voice - 
No amount of james bond nonsense can convince the sane amongst us that a country with a record of lying not only to their own people but to the world at large can convince
us that there is any gold in fort knox to speak of.When the administration in 1963 could convince the american people and the world that an
innocent man lee harvey Oswald assassinated pres john kennedy,the game started in earnest.One can mention a few of the other notorious lies such as the self inflicted destruction of the twin towers on 11/9/01,the lies culminating in the wars against Iraq and Afghanistan,the lies about theamerican debt etc
america and with all its multitude of lies can convince only the insane stupid amongst us BUT with an unaudited vault for 58 years no amount
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