Wednesday, October 17, 2012
Worshiping The Altar of Out of Control Authority
Oct 17, 2012 by TheAlexJonesChannel
Alex covers continued threats against Republican presidential candidate Mitt Romney. Having already threatened to riot if Obama is unsuccessful in securing a second term, Obama supporters are also flooding Twitter with threats to assassinate Mitt Romney if he wins the presidential election. He also covers the Pentagon's effort to exploit the Hollywood re-boot of Superman to introduce the world to the most expensive weapons program in human history, the new F-35 Joint Strike Fighter jet plane. Alex also covers the latest news on the international and home-front and takes your calls on today's worldwide broadcast.
http://www.infowars.com/
http://www.prisonplanet.tv/
http://twitter.com/#!/RealAlexJones
http://www.facebook.com/AlexanderEmerikJones
Alex covers continued threats against Republican presidential candidate Mitt Romney. Having already threatened to riot if Obama is unsuccessful in securing a second term, Obama supporters are also flooding Twitter with threats to assassinate Mitt Romney if he wins the presidential election. He also covers the Pentagon's effort to exploit the Hollywood re-boot of Superman to introduce the world to the most expensive weapons program in human history, the new F-35 Joint Strike Fighter jet plane. Alex also covers the latest news on the international and home-front and takes your calls on today's worldwide broadcast.
http://www.infowars.com/
http://www.prisonplanet.tv/
http://twitter.com/#!/RealAlexJones
http://www.facebook.com/AlexanderEmerikJones
Australian Miners to face tougher times
Oct 17, 2012 by ReutersVideo
Australian Resources and Energy Minister Martin Ferguson talks about the end of the commodity price boom and how the country's miners will have adjust to tougher business conditions.
O'Byrne: Gold Price to Reach $2500 an Ounce in 2013
Mark O'Byrne, executive director at Goldcore Ltd., talks about his outlook for gold. He speaks on Bloomberg Television's "The Pulse."
Head Of Zimbabwe Central Bank Explains QE3
Via Chris Becker of Mises SA,
Gideon Gono, the governor of the Reserve Bank of Zimbabwe who destroyed the Zim dollar by creating hyperinflation, weighs in on the parallels between QE3 and the policy he followed last decade, in the RBZ’s mid-term 2012 monetary policy statement. Gono writes:
2.14 Within this context, the Government of Zimbabwe failed to meet fiscal obligations from budgetary allocations which were severely eroded by rising inflation. As such, the financing of recurrent and capital expenditures presented serious challenges to Government.
2.15 These negative developments threatened to bring the country’s social service delivery system and the economy at large to a complete halt, thereby further impoverishing the Zimbabwean people.
2.16 It is against this background that Government stepped in to save the situation through various interventions by the Reserve Bank of Zimbabwe.
2.17 These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently instituted in the US and the EU, were geared at evoking a positive supply response and arrest further economic decline.
But even still,
2.20 Despite numerous intervention measures undertaken by Government through the Reserve Bank of Zimbabwe, economic activity continued to decline progressively with inflation peaking at 231 million percent by July 2008. Other challenges that affected the economy include the following:
- Frequent power outages;
- Cash shortages;
- Acute foreign currency shortages;
- Skills flight;
- Vibrant parallel market for goods and foreign exchange;
- Erratic fuel supplies;
- Endemic speculative and rent seeking behaviour; and
- Rapid rise in production costs.
Even though Ben Bernanke and Mario Draghi and all other central bankers will try to convince you that what they are doing are really different to what Gideon Gono did, you should really be taking Gideon Gono more seriously, who is basically admitting that the money printing strategy does not work to ‘stimulate’ growth. All it can stimulate are high and hyperinflation risks.
SOLA 3.9 The Rape of Russia
Oct 16, 2012 by TruthNeverTold
For the Full, Commercial Free, 10 Modules of the Sons of Liberty Academy plus hundreds of supporting documents and videos go tohttp://SonsOfLibertyAcademy.com
For the Full, Commercial Free, 10 Modules of the Sons of Liberty Academy plus hundreds of supporting documents and videos go tohttp://SonsOfLibertyAcademy.com
Bank of Mexico reveals the storage locations of its nation's gold
Unlike the Reserve Bank of Australia (RBA), The Central Bank of Mexico has just revealed in which countries it stores its nation's gold. Suffice to say, like most lap dogs of Western Imperial powers, it stores it's gold outside of its direct control.
See these posts for my attempts the elicit same information from the RBA.
Source
Last year the story went around the world: Banco de México (Banxico) refused to reveal in what country its reserves of gold were stored. Mexico was on the world stage as regards gold, after it purchased 93 tonnes, and rose in the global ranking of gold reserves calculated by the World Gold Council.
Today, thanks to the Federal Transparency Law, Banxico has become perhaps the first central bank to reveal in writing the amounts of its gold holdings as well as the names of its custodians and the locations where it s gold holdings are supposedly held.
It was quite difficult to obtain this information, for the Bank refused again and again to hand over the information until compelled to do so by a ruling of its own “Department of Management for Rules Control”, which is the entity in charge of dealing with appeals presented as “Appeals for Revision”.
The wrangling went on for four months, during which Banxico insisted that it was necessary to classify as “Reserved” all information refering to its gold position; it claimed that revelations might “harm the financial, economic or monetary stability of the country”.
Once the four cases were resolved favorably, the Liaison Unit of the central bank notified this journalist through the following documents: REF.: 22.25.2012, I22.27.2012, I22.28.2012 y REF.:I22.29.2012, as follows:
- “At month’s end, April 2012, Banco de Mexico maintained a position in fine gold of 4,034,802 ounces, of which only 194,539 ounces are located in the territory of the United Mexican States.”
- Banxico “has been informed and knows the specific location of the gold position that forms part of its reserve of International assets”
- The countries where these reserves are located are “United States of America, England and Mexico.” And also, “the acquisitions of gold during March and April 2012 are under custody in England”.
- And besides, it is precisely there in “the city of London, England, where more than 99% of the gold which the Bank of Mexico maintains outside the country is presently under custody…”
Investors May Be Moving to Physical Gold
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| A non-performing ETF |
From Bloomberg.com
Gold holdings in exchange-traded products are growing at a slower pace than in 2004-2009 because some investors may be moving to physical bullion after initial purchases of an exchange-traded fund, according to Barclays Plc.
The following are comments from Cengiz Belentepe, head of industrial and precious metals trading at Barclays. He spoke in an interview Oct. 10:
“We’ve seen instances of people coming in, whose first step is to buy an ETF, second step is to get educated on how the market works, third step -- I’m going to shift this in direct gold purchase and storage, fourth step -- let me allocate this metal into these locations. It’s the early step they are all migrating through, expressing the same view but in different ways.”
Read in full
Marc Faber - Obama, Romney & the US Fiscal Grand Canyon
Oct 15, 2012 by ogchris100
Dr. Marc Faber on Yahoo's Daily Ticker Financial Show. Topics include Europe, Asia and US markets along with US Election 2012.
Keiser Report: Enema of the State
One of the best and most rational Keiser Report if the year. Definitely worth watching.
Oct 16, 2012 by RussiaToday
In this episode, Max Keiser and Stacy Herbert discuss banksters having the 'eyes of used enema resellers' as 'transflation' rages and the bond markets teeter on the verge of collapse. In the second half of the show, Max Keiser talks to a former fraud squad detective, Rowan Bosworth-Davies of Rowans-blog.blogspot.co.uk, about the organized criminal conspiracy and racket happening right now in the City of London and why the police are not allowed to investigate without approval from politicians.
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