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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...
 
jox - 2/13/2015 at 10:40 AM GMT
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 US Warmongers vs. Merkel; Why Ukraine is None of Our Business  (4)
 - Mish - Global Economic Analysis
Trigger happy Americans are easily mislead by the government agencies and the press. You can lie to Americans again and again, and it always works. The rest of the world thought that they would learn something from the big failure of Irak. In vain. They have learned nothing.

In this case is even worse, because the crisis has been created by the Americans themselves. Only look at McCain and Nuland in Kiev last year. 
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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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timrichmond - 2/17/2015 at 10:05 PM GMT
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 Welcome to World War Three  (28)
 - James Howard Kunstler - 
"....Now there is a huge over-supply of young men there with nothing to do but act out their angry psychodrama over having no future."

Is this true? My recollection over the past 40 years is that acts of terrorism perpetrated by militant Muslims are due to 1) Israeli control of Palestine, 2) U.S. interference in Middle Eastern affairs, 3) United States support for Israel, or 4) outrage that the worlds 7.3 billion inhabitants are not all Muslim.

I would consider prospects for most young men in the Middle East to be certainly better than they were in prior generations. If there is any angst over "no future" it would be manifested by the young men in the West, whose futures have been mortgaged by governments that exercise zero fiscal restraint and ... 
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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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hchahim - 3/3/2015 at 1:05 PM GMT
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 Heroes and Villains  (13)
 - James Howard Kunstler - 
PS you condemn in no uncertain terms current day American political leaders - you certainly dont appear to believe what they say and yet you are prepared to believe and put your faith in Allied wartime political leaders?? Thats really pushing credulity, do you seriously imagine the politicians of yesteryear were any better than the current lot?? LOL 
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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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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 - 2/14/2015 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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dennyc - 2/13/2015 at 5:20 PM GMT
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 The US' Suicidal Strategy On Ukraine  (3)
 - Chris Martenson - 
Suicidal? - Most certainly. Against our better interests? Most Assuredly. This loud and threatening noises emanating from the pie hole of the US Government against the Russians are merely distractions as the practitioners of the new and twisted form of 'capitalism' sharpen their fangs to strike deep into the heart of the Russian and eastern European economies. One could imagine what would happen if Putin and crew armed the Mexican drug cartels with the latest tactical weaponry, troops to follow, while claiming that self-determination, freedom and democracy could only be achieved in Mexico by doing this. I would immediately be searching for a big, deep hole to crawl in for awhile. People actually voted for these guys? We are now in the process of terminally alienatin... 
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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.
 
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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roberyep - 2/6/2015 at 4:36 PM GMT
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 Greece Exposes The Global Economy's Achilles Heel
 - Chris Martenson - 
As a way of support this article I recommend the reading of this one from a small left party participating in the last elecctions in Greece. Their perspectives characterize Syriza's government like one of Kerensky type. The article: http://redmed.org/article/greek-people-has-shaken-world 
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David Barber - 2/4/2015 at 3:12 AM GMT
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 Saville says gold's flow doesn't matter to price; U.S. and China disagree
 - Chris Powell - GATA
In ten years of trading gold, there is a reason I use Steve Saville's advice and not Chris Powell's for trading purposes. One works, the other doesn't. I don't mind supporting Steve and his lovely family's little jaunts off to ride elephants or scuba dive in Australia either. It's kinda fun. I've got a trip planned floating the Middle Fork of the Salmon...again. Lovely river. Met Garth Brooks and four (or was it six?) bikini clad gals on one trip. Big log jam on the last that could have drowned us all, forest fires on others. Yikes!
Whatever the U.S. is trying to pull off in the gold market isn't going to work very well for them on this trip either, I would say. Gold is bigger than those dip wads.
DB 
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Doom - 2/2/2015 at 4:15 PM GMT
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 360 Tons of Gold Within Annual Worldwide Sewage Flows?
 - Eric Dubin - Investor Intelligentsia
I was under the impression that the highest yielding gold mine in Japan was the sewage treatment plant that covers a major industrial sector near Tokyo:

http://www.reuters.com/article/2009/01/30/us-gold-sewage-odd-idUSTRE50T56120090130 
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Louis P. - 2/10/2015 at 12:53 AM GMT
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 Apocalypse Now and Forever  (10)
 - James Howard Kunstler - 
I don't know Jim - I kinda like Katy's Superbowl half time show! How about those huge flames and fireworks display? Wasn't it just so YOLO Swag??? LOL 
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S W. - 2/4/2015 at 9:35 AM GMT
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 Australia Coming Apart at the Seams  (4)
 - Mish - Global Economic Analysis
I read this through rather quickly and I must say that i am not in disagreement with what is written.
However..PM Abbott is a complete and utter dinosaur who could not sell water in a desert.
That is, the party policies are fine but he is such a poor media performer that nobody listens to him. The same goes for Treasurer Hockey.
They simply have not been able to explain and sell why cutting wasteful expenditure and paying down debt is essential, or even preferable!
The same story applies in the State of Queensland. The Liberals lost and it could be said that there was some payback for poor performance at the federal level.
Aust. has problems but most of it is due to over government.
There are about 25 million people with a Fed gov't,..10 stat... 
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sneezy67 - 2/4/2015 at 5:36 PM GMT
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 The Golden age of QE and the FIAT endgame  (6)
 - Clive Maund - 
Maybe it's time to unlock the safe, unpack the bow and fiddle ( and a few other necessities) and watch while the whole financial system goes up in flames.  
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overtheedge - 2/5/2015 at 6:37 PM GMT
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 ECB Cancels Greek Bank Funding; ECB vs. Novices; Brass Knuckles
 - Mish - Global Economic Analysis
If the Greeks should select what is behind door #3, then maybe the Greeks aren't the only ones that should put their money in their pockets rather than leave it stashed at the bank.

Consider the paraphrased "Laws of Thermodynamics" that oddly enough pertain to just about everything.
Everything is connected to everything.
Everything has to go somewhere.
There ain't no such thing as a free lunch.

How do you spell counter-party risk in an economic environment where more money is gambled in derivatives than exists in all the banks of the world?
How fast can a bank close its teller windows and ATMs when bad news travels at the speed of light?
Welcome to the future.
 
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sneezy67 - 2/6/2015 at 1:48 PM GMT
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 This Marked the Beginning of the End for the Central Banking System As We Know It
 - Phoenix Capital - Gains Pains & Capital
Oh... yoo-hoo fat lady....you are out there somewhere!! Maybe Greece....huh? 
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pacanon - 2/7/2015 at 8:48 AM GMT
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 Obamacare Is Just Medicaid for Everyone  (3)
 - Rick Ackerman - 
I am sure you are correct, but it is different than Medicaid in few other few key areas, as well - namely in the costs. Medicaid costs recipients next to nothing. This cannot be said for Obamacare. I now have Obamacare, which I signed up for to avoid the punitive taxation, not as a matter of personal choice. Now when I go for a doctor visit (something I avoid if at all possible), I pay $60 up front for the visit and am later billed at least $30 more. This is just for the office visit. If the doctor sends me to the lab or for an x-ray I pay $60 to the lab and $60 to radiology for the x-ray. I pay far more for medication through Obamacare than I would pay if I went to the local CVS and paid cash for it, sans insurance. Lab tests are similarly costly. I ALW... 
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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 - 2/21/2015 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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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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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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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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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 - 2/14/2015 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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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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