Thursday, August 16, 2012

Ecuador grants Assange asylum

Live updates from here

12:50 GMT: Assange has exhausted all options for appeal and UK authorities are under binding obligation to extradite him to Sweden, the UK Foreign Office says. The Ecuadorian government's decision does not change their obligation to extradite Assange.

­12:47 GMT: The UK Foreign Office is “disappointed” by Ecuador’s decision.

12:39 GMT: Ecuador grants Assange political asylum.

­12:35 GMT: Ecuador requested confirmation from the UK that Assange would not be extradited to the US, but London would not commit to a statement, Patino says.

­12:30 GMT: Asylum a fundamental right to all; no local government or law can be used to deny the right to asylum, Patino says.

12:27 GMT: Assange doesn't have adequate protection from Australia, Patino says.

­12:25 GMT: Ecuador says evidence shows Julian Assange would not receive fair trial in US, and his rights have been violated.

­12:24 GMT: Assange is struggling for freedom of speech around the world, Patino says.

­12:21 GMT: UN & Vienna convention prohibit violating diplomatic space, says Patino.

­12:20 GMT: UK authority should not be used to threaten any country, Patino says, adding that Ecuador will not surrender to any external interest.

­12:12 GMT: Ecuadorian Foreign Minister Ricardo Patino says Ecuador cannot allow the conversation between the UK and Ecuador regarding Julian Assange’s asylum to be obstructed by threats.

­11:57 GMT: Ecuadorian nationals are chanting in front of the embassy, expressing their anger towards the UK’s intention to storm the building.

Keiser Report: Frankenmarket

Aug 16, 2012 by

In this episode, Max Keiser and Stacy Herbert discuss unknown people whose solvency is uncertain operating faster than the speed of light in the "franken-market" and Max Keiser asks, "what if a high frequency trading algo bot shrugged?" In the second half of the show, Max Keiser talks to Sandeep Jaitly of about the real Austrian economics of Carl Menger versus the fake Austrian economics of Ludwig von Mises. They also discuss how Ben Bernanke's confusion about what money and how central banks are leading us into a second dark age. Max and Sandeep also highlight the reason why rehypothecation in London is fraud. And, finally, Max hopes Lew Rockwell watches and learns.

UK threatens to 'assault' Ecuador embassy to arrest Assange

Aug 15, 2012 by

British authorities have "warned" Ecuador that they could raid its embassy and arrest Julian Assange if he is not handed over. The Ecuadorian Foreign Minister responded by saying such a move would be a "flagrant violation" of international law - READ MORE:

Aug 15, 2012 by

Clarke and Dawe - What went wrong?

Aug 16, 2012 by

41st anniversary of Nixon closing the Gold Window

Today (US time) is the 41st anniversary of Nixon ending the Brenton Woods agreement by the halting convertibility of the US dollar into gold. Interesting to note that the average lifespan of the 3,800 fiat currencies that have been tried is 40 years, so we are 1 year overdue for it all to end in tears.

Some background to the 'closing of the Gold Window':

The President of France Charles De Gaulle fearing a future default by the USA on its gold backed dollars instructed the Banque de France to increase the rate at which new US dollars holdings were converted into gold bullion. De Gaulle sent the French navy across the Atlantic to hand over US dollars and bring back gold bullion in exchange. In 1965 alone, the French navy ferried back over $150 million of gold bullion thereby increasing the proportion of French national reserves held in gold from 71.4% to 91.9%.

Due to inflationary pressures on the US$ as a result of printing to many dollars and foreign borrowings to fund the Indo-China (Vietnam) war on August 15, 1971, President Nixon imposed a 90-day wage and price freeze, a 10 percent import surcharge, and, most importantly, “closed the gold window”, ending convertibility between US dollars and gold.

Nixon announcing to the American people that the US Dollar is no longer 'good as gold':

For some light relief, from 2011, Dr. Ron Paul and some struggling paper bug:

Capital Account - Richard Duncan on Riding out this Depression

Aug 15, 2012 by

Nigel Farage - Welcome to Noddyland

Aug 15, 2012 by

Alex Jones and Webster Tarpley - Global Financial Collapse is Coming

Aug 15, 2012 by

Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse.

Alchemy proven to work!

A good friend of mine has managed to acheive something man has been searching for since the dawn of time - turning base metals into precious metals.

His most recent alchemy recycling exercise resulted in 4oz of silver!

623kg Steel @ $0.14 which totaled $87.20
44kg Al cans @ $0.70 which totaled $30.80

So at those rates 46kg of (Al)cans = 1 Ag oz, and 687kg steel (Fe) = 3 Ag oz.

Gerald Celente on the SGT Report

Aug 14, 2012 by

David Morgan - Silver Investor Holdings Hits Records

Aug 14, 2012 by