Jim Willie - Out of Control Chaos Coming with Shortages of Gold and Silver

From Greg Hunter

Keiser Report - Lab Rats of Bankster's Policies

From RussiaToday

Published on Aug 8, 2013
Max Keiser and Stacy Herbert discuss the lab rats of finance, economic, energy, health and agricultural policy. As lab rats, choice is not an option, so the lab rat population must submit to the experimentation being done upon them - whether from Monsanto or the 'healthcare' industry. In the second half, Max talks to Ross Ashcroft of RenegadeEconomist.com about the Empire state of mind of the rentier economy in which predators are invited to feast on producers and a new Bank of England chairman, Mark Carney, hosts the rentiers with free money while the media discusses his stunning good looks and handsome neckties.

Ron Paul - Why Won’t They Tell Us the Truth About NSA Spying?

By Dr. Ron Paul

Article link

In 2001, the Patriot Act opened the door to US government monitoring of Americans without a warrant. It was unconstitutional, but most in Congress over my strong objection were so determined to do something after the attacks of 9/11 that they did not seem to give it too much thought. Civil liberties groups were concerned, and some of us in Congress warned about giving up our liberties even in the post-9/11 panic. But at the time most Americans did not seem too worried about the intrusion.

This complacency has suddenly shifted given recent revelations of the extent of government spying on Americans. Politicians and bureaucrats are faced with serious backlash from Americans outraged that their most personal communications are intercepted and stored. They had been told that only the terrorists would be monitored. In response to this anger, defenders of the program have time and again resorted to spreading lies and distortions. But these untruths are now being exposed very quickly.

In a Senate hearing this March, Director of National Intelligence James Clapper told Senator Ron Wyden that the NSA did not collect phone records of millions of Americans. This was just three months before the revelations of an NSA leaker made it clear that Clapper was not telling the truth. Pressed on his false testimony before Congress, Clapper apologized for giving an “erroneous” answer but claimed it was just because he “simply didn’t think of Section 215 of the Patriot Act.” Wow.

As the story broke in June of the extent of warrantless NSA spying against Americans, House Intelligence Committee Chairman Mike Rogers assured us that the project was a strictly limited and not invasive. He described it as a “lockbox with only phone numbers, no names, no addresses in it, we’ve used it sparingly, it is absolutely overseen by the legislature, the judicial branch and the executive branch, has lots of protections built in...”

But we soon discovered that also was not true either. We learned in another Guardian newspaper article last week that the top secret “X-Keyscore” program allows even low-level analysts to “search with no prior authorization through vast databases containing emails, online chats and the browsing histories of millions of individuals.”

The keys to Rogers’ “lockbox” seem to have been handed out to everyone but the janitors! As Chairman of the Committee that is supposed to be most in the loop on these matters, it seems either the Intelligence Community misled him about their programs or he misled the rest of us. It sure would be nice to know which one it is.

Likewise, Rep. Rogers and many other defenders of the NSA spying program promised us that this dragnet scooping up the personal electronic communications of millions of Americans had already stopped “dozens” of terrorist plots against the United States. In June, NSA director General Keith Alexander claimed that the just-disclosed bulk collection of Americans’ phone and other electronic records had “foiled 50 terror plots.”

Opponents of the program were to be charged with being unconcerned with our security.

But none of it was true.

The Senate Judiciary Committee yesterday heard dramatic testimony from NSA deputy director John C. Inglis. According to the Guardian:

“The NSA has previously claimed that 54 terrorist plots had been disrupted ‘over the lifetime’ of the bulk phone records collection and the separate program collecting the internet habits and communications of people believed to be non-Americans. On Wednesday, Inglis said that at most one plot might have been disrupted by the bulk phone records collection alone.”

From dozens to “at most one”?

Supporters of these programs are now on the defensive, with several competing pieces of legislation in the House and Senate seeking to rein in an administration and intelligence apparatus that is clearly out of control. This is to be commended. What is even more important, though, is for more and more and more Americans to educate themselves about our precious liberties and to demand that their government abide by the Constitution. We do not have to accept being lied to – or spied on -- by our government.

Game On! - EU to Limit Cash Withdrawals to 100 - 200 Euro during failure

From deutsche-wirtschafts-nachrichten.de

Article link

Translated from German by Google:

Largely unnoticed by the public, the EU is pushing forward the concrete steps in the event of a banking collapse. A few weeks ago it was decided to carry out banking bailouts surprise attack on a weekend ( here ) and savers over 100,000 euros and shareholders and holders of bonds with a compulsory levy on the banking bailout to participate ( here ).

Now the Lithuanian Presidency presented the first details of how a bank bailout will actually look like.

It is extremely unpleasant for those savers who now predominate because of the deposit insurance in safety and believe it will only make "the rich", ie those investors who have more than 100,000 euros.

The Lithuanian proposal shows that if a bank goes bankrupt, get the small depositors their money not immediately up to four weeks - 20 working days - the savers will have to make do with just the bare necessities., You may withdraw 100 to 200 euros a day - no more. The EU Council under the direction of your chosen anyone in Europe President Herman Van Rompuy originally had proposed to let the saver wait four weeks for their money.

The Parliament was then but this time a little long, demanding deposits of 100,000 euros should be paid within five days.

However, because the technology is not possible - no bank has so much real money - is the compromise now look like this: 20 days wait for that you get daily 100 to a maximum of 200 Euros from the ATM.

Robert has made me into a Platinum Bug

Finally after years of prompting President Robert Mugabe has finally convinced me to become a Platinum Bug. Yes I know for years I have preached the undervalued nature of silver and how it will most likely give you the best bang for your buck long term, I still believe that. But as one of my favourite clients once said "...but I do have a diversified portfolio, I have both Gold and Silver" - a little diversification is a good thing.

What has finally made me make my first personal platinum purchase is the following story, which was discussed in part in this previous post.

Background: Zimbabwe accounts for 10% of the world's platinum supply, but more importantly has the second largest platinum reserves in the world after South Africa. South Africa's platinum mine grades have been in free fall of recent years and if the world is going to use platinum into the future the reserves in Zimbabwe will need to be exploited. Although as any good Australian knows the last thing a mining company likes is government interference, even a minor change in tax law can have them in a flap - threaten their mining leases and they will exit Zimbabwe quicker than the thinking white people did when Robert came to power.

From bloomberg.com

Article link

President Robert Mugabe’s government plans to seize control of foreign-owned mines without paying for them as part of a program to accumulate $7 billion of assets following his July 31 election victory, a minister said.

The government will compensate bank owners as it takes control of their companies, Saviour Kasukuwere, the minister in charge of the program to compel foreign companies to cede 51 percent of their assets to black investors or the government, said in an interview in Harare, the capital, today. His comments echo a suggestion made by Mugabe earlier this year.

Indiginization Minister Saviour Kasukuwere said the government does plan to compensate bank owners as it takes control of their companies. 

“When it comes to natural resources, Zimbabwe will not pay for her resources,” Kasukuwere said. “If they don’t want to follow the law that’s their problem.” Non-compliant mine owners risk losing their licenses, he said.

Anglo American Platinum Ltd. (AMS), Impala Platinum Holdings Ltd. (IMP), Barclays Plc (BARC) and Standard Chartered Plc (STAN) are among companies that operate in the country. Other industries may have to yield smaller stakes to black owners, Kasukuwere said. Metals and minerals, including platinum and gold, accounted for 71 percent, or $719.9 million, in exports in the first four months of this year, the state-controlled Herald newspaper said, citing the finance ministry.

Anglo American Platinum, the world’s biggest producer of the metal, Impala and Aquarius Platinum Ltd. (AQP), which owns a stake in a Zimbabwe mine, declined to comment.

Shares of Impala, Aquarius and Anglo American Platinum fell 2.7 percent, 3 percent and 1.1 percent respectively by the close of trade in Johannesburg. Barclays Bank of Zimbabwe Ltd. declined 20 percent on the bourse in Harare.

The government and black Zimbabweans will take half of the value of assets it has identified in the economy, he said. The state empowerment fund has so far acquired about $1 billion in assets, he said.

The government will open a new stock exchange to trade the black-owned stakes in the companies, he said. Trading at the Harare Stock Exchange, which would rival the Zimbabwe Stock Exchange, may start within 100 days of the new government taking office and will only be open to black Zimbabweans, he said.

~ I am going to get off topic here for a sec. A stock exchange only open to black Zimbabweans? So white and Asian Zimbabweans are barred from participating? Gee isn't that what Apartheid was? Where are the sanctions, the bleeding heart Hollywood actors, sporting bans on their cricket team? Oh sorry I forgot, only white people are racist.

Read more

Keiser Report - Strawmen of Finance

From RussiaToday

Published on Aug 6, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the strawmen of finance, the Help to Buy straw purchase scheme in the UK and the 'unrealized' losses on the Fed's balance sheet as the bondpocalypse gallops into town. Max Keiser also asks, "why don't the people have a bank that they can call their own?" In the second half, Max talks to Laura Willoughby of MoveYourMoney.org.uk, about moving your savings out of the Too Big To Fail banks and about out-competing the toxic banks and their interest rate apartheid.

RBA has no comment on BoE's "missing" gold

Greg

Thank you for your email. However, the Bank does not have any comment.

Regards

Chris

Chris Collins | Manager | Media & Public Relations Office
RESERVE BANK OF AUSTRALIA | 65 Martin Place, Sydney NSW 2000
p: +61 2 9551 9830 | f: +61 2 9551 8033 | w: www.rba.gov.au

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Sent: Wednesday, 31 July 2013 5:30 PM
To: RBAInfo
Subject: GoldMoney's Macleod reveals sharp fall in BofE's gold inventory

Hi Chris,

does the RBA have any comment on the following issues raised by GATA, especially considering 99.9% of the RBA's gold reserves are held at the BoE?

Link: http://www.gata.org/node/12854

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11:06a ET Sunday, July 28, 2013

Dear Friend of GATA and Gold:

Interviewed this week on Max Keiser's "Keiser Report" program on the Russia Today network, GoldMoney research director Alasdair Macleod discloses that the Bank of England's reported gold inventory fell by 1,300 tonnes between February and June. Macleod speculates that this gold was used to smash the market in April to get the price back under central bank control. The program is posted at YouTube. Macleod's segment begins at 13 minutes and the decline in the Bank of England's reported gold inventory begins to be discussed at the 18:40 mark:

http://www.youtube.com/watch?v=4Psiay6Z39U

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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SRS Rocco - Comex Loses 40% of its Gold in 6 Months

From SGTbull07

Brother JohnF - Silver Update: GOFO and LIBOR

From BrotherJohnF

It is Time to Bring Australia's Gold Home

I have started the ball rolling, please join in and at every opportunity during this federal election campaign ask your local or other politicians - "So are you brave enough to demand our Gold back from the Bank of England? Hugo Chavez did it, Germany did it, why can't Australia?"

Background to this request:  99.9% of Australia's Gold Reserves are stored in the Gold Vault of the Bank of England, as finally admitted by the RBA here

@TonyAbbottMHR @JoeHockey Got an election promise for you - "My government will bring home Australia's Gold" - http://t.co/MMsVCdddQC
— Discreet Bullion (@MoonSunTruth) August 4, 2013