Loading ...edit, Holly crap is the XMas version of opening the best present ever.
Yup SnG, I’m too stupid to give up. But I have some fine upstanding company.
My clock may only be accurate twice a day but so is life and death.
Ipso
Prison Planet –
Christian Today-
Veterans Today-
http://www.veteranstoday.com/2015/03/08/iraq-arrests-isis-advisors-us-and-israelis-held/
etc. etc. etc.
Everything is unsubstantiated unless reported by the MSM in the west – including Al Gore’s formerly owned company Al Jazeera?
C’mon man
macroman3 @ 20:59, Equise, and Ipso, Winedoc
Macroman, thanks, I have the same feeling. Something is about to break. There has been too much effort to destroy the PM’s…..to discredit Silver and gold. Why?? I don’t know but I believe it is to make the last man standing bail out and never return to the sector……and that’s about where we are today. There’s nobody left to discourage. Also when the “something” happens I believe it will be immediate and will allow nobody any chance to get either phyz of shares if they don’t already have them. ETF’s are a “no problem” for TPTB. They can just de-list them and screw those who thought they had something worthwhile. They are nothing but derivatives.
Ipso, who know what is true or fabricated, but when we live in countries that are run by criminals anything is possible, or even likely.
Equise, the only way we can lose is if we give up and sell out. Some of us are NOT quitters. IMO our day will come, and soon, and when it does it will have been worth the wait. :o)
Winedoc, I used to teach dollar cost averaging to school teachers, but that was 40+ years ago. It’s the greatest way to accumulate the most of anything with the least risk of choosing the wrong entry point. Invest a fixed number of dollars into a fluctuating price. The example I used to use is eggs: You spend $2 every day for a week.
Monday you buy a dozen eggs for $2…………………………………………………………………………………………..12 eggs
Tuesday eggs have gone up by 50% so you can only buy 8 eggs with your $2………………………………………8 eggs
Wednesday eggs are back to $2 so you buy a dozen………………………………………………………………………..12 eggs
Thursday eggs have gone down by 50% so you buy 2 dozen eggs for $2…………………………………………….24 eggs
Friday eggs are back to $2 so you buy a dozen……………………………………………………………………………….12 eggs
In 5 days, the price of eggs has returned to $2 but due to the fluctuating price, by using dollar cost averaging, you have purchased 68 eggs rather than 60 eggs for the same total cost. The advantage is clearly with using dollar cost averaging………………………..Silverngold
Oh good, we are really close to a bottom, the old guard is flapping against each other…
Say, in that Economist pic, did anybody catch the Reaper/skeleton face in the rear wheel of the Blue Flame? First time for me.
Speaking of the Reaper, where has BoC been, seeing as we are on a downdraft?
Well I Gata be one up on hymm…
Oh and ipso, it’s one silver of evidence…just wanted to make sure the letters were in the right spots…(you can smack me in the morning)
Buygold
Show me the link from ZH or some other source. I sure didn’t see it and to tell you the truth I don’t believe it.
How come Al Jazeera didn’t report it? They are no friends of ours. How come prison planet didn’t report it?
It is just unsubstantiated BS until I see it verified. What are their names. The only place I’ve seen this report is an Iranian source. If you believe them that’s up to you.
Show me one sliver of evidence … and not just some words from the Iranians.
If you google: “israeli s arrested with isis”
The pertinent story that comes up is the one SNG posted. That’s the only one.
Who owns the Federal Reserve? Do we really have to have this conversation again? Is Armstrong stupid?
Chart of who “owns” the Federal Reserve
Chart 1
Federal Reserve Directors: A Study of Corporate and Banking Influence
Published 1976
Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.
N.M. Rothschild , London - Bank of England
______________________________________
| |
| J. Henry Schroder
| Banking | Corp.
| |
Brown, Shipley - Morgan Grenfell - Lazard - |
& Company & Company Brothers |
| | | |
--------------------| -------| | |
| | | | | |
Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---|
& Son | Harriman Norman | Paris Bros |
| | / | N.Y. |
| | | | | |
| Governor, Bank | J.P. Morgan Co -- Lazard ---|
| of England / N.Y. Morgan Freres |
| 1924-1938 / Guaranty Co. Paris |
| / Morgan Stanley Co. | /
| / | \Schroder Bank
| / | Hamburg/Berlin
| / Drexel & Company /
| / Philadelphia /
| / /
| / Lord Airlie
| / /
| / M. M. Warburg Chmn J. Henry Schroder
| | Hamburg --------- marr. Virginia F. Ryan
| | | grand-daughter of Otto
| | | Kahn of Kuhn Loeb Co.
| | |
| | |
Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y.
| | --------------------------
µ
| | | |
8
| | | |
Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn
| | __|______________________|_________
Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg
------------------------- | | |
| | Mortimer Schiff James Paul Warburg
_____________|_______________/ |
| | | | |
Mayer Lehman | Emmanuel Lehman \
| | | \
Herbert Lehman Irving Lehman \
| | | \
Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker
/ | Present Chairman Lehman Bros
/ Robert Owen Lehman Kuhn Loeb - Granddaughter of
/ | George F. Baker
| / |
| / |
| / Lehman Bros Kuhn Loeb (1980)
| / |
| / Thomas Fortune Ryan
| | |
| | |
Federal Reserve Bank Of New York |
|||||||| |
______National City Bank N. Y. |
| | |
| National Bank of Commerce N.Y ---|
| | \
| Hanover National Bank N.Y. \
| | \
| Chase National Bank N.Y. \
| |
| |
Shareholders - National City Bank - N.Y. |
----------------------------------------- |
| /
James Stillman /
Elsie m. William Rockefeller /
Isabel m. Percy Rockefeller /
William Rockefeller Shareholders - National Bank of Commerce N. Y.
J. P. Morgan -----------------------------------------------
M.T. Pyne Equitable Life - J.P. Morgan
Percy Pyne Mutual Life - J.P. Morgan
J.W. Sterling H.P. Davison - J. P. Morgan
NY Trust/NY Edison Mary W. Harriman
Shearman & Sterling A.D. Jiullard - North British Merc. Insurance
| Jacob Schiff
| Thomas F. Ryan
| Paul Warburg
| Levi P. Morton - Guaranty Trust - J. P. Morgan
|
|
Shareholders - First National Bank of N.Y.
-------------------------------------------
J.P. Morgan
George F. Baker
George F. Baker Jr.
Edith Brevoort Baker
US Congress - 1946-64
|
|
|
|
|
Shareholders - Hanover National Bank N.Y.
------------------------------------------
James Stillman
William Rockefeller
|
|
|
|
|
Shareholders - Chase National Bank N.Y.
---------------------------------------
George F. Baker
Chart 2
Federal Reserve Directors: A Study of Corporate and Banking Influence
– Published 1983
The J. Henry Schroder Banking Company chart encompasses the entire history of the twentieth century, embracing as it does the program (Belgium Relief Commission) which provisioned Germany from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and even at the present time, having two of its major executives of its subsidiary firm, Bechtel Corporation serving as Secretary of Defense and Secretary of State in the Reagan Administration.
The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and Company of London from 1963-72, and director of J. Henry Schroder,New York and Schroder Banking Corporation,New York,as well as Lloyd’s Bank of London, and Rolls Royce. He maintains a residence on Sutton Place in New York City, and as head of “The London Connection,” can be said to be the single most influential banker in the world.
J. Henry Schroder
-----------------
|
|
|
Baron Rudolph Von Schroder
Hamburg - 1858 - 1934
|
|
|
Baron Bruno Von Schroder
Hamburg - 1867 - 1940
F. C. Tiarks |
1874-1952 |
| |
marr. Emma Franziska |
(Hamburg) Helmut B. Schroder
J. Henry Schroder 1902 |
Dir. Bank of England |
Dir. Anglo-Iranian |
Oil Company J. Henry Schroder Banking Company N.Y.
|
|
J. Henry Schroder Trust Company N.Y.
|
|
|
___________________|____________________
| |
Allen Dulles John Foster Dulles
Sullivan & Cromwell Sullivan & Cromwell
Director - CIA U. S. Secretary of State
Rockefeller Foundation
Prentiss Gray
------------
Belgian Relief Comm. Lord Airlie
Chief Marine Transportation -----------
US Food Administration WW I Chairman; Virgina Fortune
Manati Sugar Co. American & Ryan daughter of Otto Kahn
British Continental Corp. of Kuhn,Loeb Co.
| |
| |
M. E. Rionda |
------------ |
Pres. Cuba Cane Sugar Co. |
Manati Sugar Co. many other |
sugar companies. _______|
| |
| |
G. A. Zabriskie |
--------------- | Emile Francoui
Chmn U.S. Sugar Equalization | --------------
Board 1917-18; Pres Empire | Belgian Relief Comm. Kai
Biscuit Co., Columbia Baking | Ping Coal Mines, Tientsin
Co. , Southern Baking Co. | Railroad,Congo Copper, La
| Banque Nationale de Belgique
Suite 2000 42 Broadway | N. Y |
__________________________|___________________________|_
| | |
| | |
Edgar Richard Julius H. Barnes Herbert Hoover
------------- ---------------- --------------
Belgium Relief Comm Belgium Relief Comm Chmn Belgium Relief Com
Amer Relief Comm Pres Grain Corp. U.S. Food Admin
U.S. Food Admin U.S. Food Admin Sec of Commerce 1924-28
1918-24, Hazeltine Corp. 1917-18, C.B Pitney Kaiping Coal Mines
| Bowes Corp, Manati Congo Copper, President
| Sugar Corp. U.S. 1928-32
|
|
|
John Lowery Simpson
-------------------
Sacramento,Calif Belgium Relief |
Comm. U. S. Food Administration Baron Kurt Von Schroder
Prentiss Gray Co. J. Henry Schroder -----------------------
Trust, Schroder-Rockefeller, Chmn Schroder Banking Corp. J.H. Stein
Fin Comm, Bechtel International Bankhaus (Hitler's personal bank
Co. Bechtel Co. (Casper Weinberger account) served on board of all
Sec of Defense, George P. Schultz German subsidiaries of ITT . Bank
Sec of State (Reagan Admin). for International Settlements,
| SS Senior Group Leader,Himmler's
| Circle of Friends (Nazi Fund),
| Deutsche Reichsbank,president
|
|
Schroder-Rockefeller & Co. , N.Y.
---------------------------------
Avery Rockefeller, J. Henry Schroder
Banking Corp., Bechtel Co., Bechtel
International Co. , Canadian Bechtel
Company. |
|
|
|
Gordon Richardson
-----------------
Governor, Bank of England
1973-PRESENT C.B. of J. Henry Schroder N.Y.
Schroder Banking Co., New York, Lloyds Bank
Rolls Royce
Chart 3
Federal Reserve Directors: A Study of Corporate and Banking Influence
– Published 1976
The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. P. Morgan).
DAVID ROCKEFELLER
----------------------------
Chairman of the Board
Chase Manhattan Corp
|
|
______|_______________________
Chase Manhattan Corp. |
Officer & Director Interlocks|---------------------
------|----------------------- |
| |
Private Investment Co. for America Allied Chemicals Corp.
| |
Firestone Tire & Rubber Company General Motors
| |
Orion Multinational Services Ltd. Rockefeller Family & Associates
| |
ASARCO. Inc Chrysler Corp.
| |
Southern Peru Copper Corp. Intl' Basic Economy Corp.
| |
Industrial Minerva Mexico S.A. R.H. Macy & Co.
| |
Continental Corp. Selected Risk Investments S.A.
| |
Honeywell Inc. Omega Fund, Inc.
| |
Northwest Airlines, Inc. Squibb Corporation
| |
Northwestern Bell Telephone Co. Olin Foundation
| |
Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ
| |
American Express Co. AT & T
| |
Hewlett Packard Pacific Northwestern Bell Co.
| |
FMC Corporation BeachviLime Ltd.
| |
Utah Intl' Inc. Eveleth Expansion Company
| |
Exxon Corporation Fidelity Union Bancorporation
| |
International Nickel/Canada Cypress Woods Corporation
| |
Federated Capital Corporation Intl' Minerals & Chemical Corp.
| |
Equitable Life Assurance Soc U.S. Burlington Industries
| |
Federated Dept Stores Wachovia Corporation
| |
General Electric Jefferson Pilot Corporation
| |
Scott Paper Co. R. J. Reynolds Industries Inc.
| |
American Petroleum Institute United States Steel Corp.
| |
Richardson Merril Inc. Metropolitan Life Insurance Co.
| |
May Department Stores Co. Norton-Simon Inc.
| |
Sperry Rand Corporation Stone-Webster Inc.
| |
San Salvador Development Company Standard Oil of Indiana
Chart 4
Federal Reserve Directors: A Study of Corporate and Banking Influence
– Published 1976
This chart shows the interlocks between the Federal Reserve Bank of New York J. Henry Schroder Banking Corp., J. Henry Schroder Trust Co., Rockefeller Center, Inc., Equitable Life Assurance Society ( J.P. Morgan), and the Federal Reserve Bank of Boston.
Alan Pifer, President
Carnegie Corporation
of New York
----------------------
|
|
----------------------
Carnegie Corporation
Trustee Interlocks --------------------------
---------------------- |
| |
Rockefeller Center, Inc J. Henry Schroder Trust Company
| |
The Cabot Corporation Paul Revere Investors, Inc.
| |
Federal Reserve Bank of Boston Qualpeco, Inc.
|
Owens Corning Fiberglas
|
New England Telephone Co.
|
Fisher Scientific Company
|
Mellon National Corporation
|
Equitable Life Assurance Society
|
Twentieth Century Fox Corporation
|
J. Henry Schroder Banking Corporation
Chart 5
Federal Reserve Directors: A Study of Corporate and Banking Influence
– Published 1976
This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.
Maurice F. Granville
Chairman of The Board
Texaco Incorporated
----------------------
|
|
Texaco Officer & Director Interlocks ---------------- Liggett & Myers, Inc.
------------------------------------ |
| |
| |
L Arabian American Oil Company St John d'el Ray Mining Co. Ltd.
O | |
N Brown Brothers Harriman & Co. National Steel Corporation
D | |
O Brown Harriman & Intl' Banks Ltd. Massey-Ferguson Ltd.
N | |
American Express Mutual Life Insurance Co.
| |
N. American Express Intl' Banking Corp. Mass Mutual Income Investors Inc.
M. | |
Anaconda United Services Life Ins. Co.
R | |
O Rockefeller Foundation Fairchild Industries
T | |
H Owens-Corning Fiberglas Blount, Inc.
S | |
C National City Bank (Cleveland) William Wrigley Jr. Co
H | |
I Sun Life Assurance Co. National Blvd. Bank of Chicago
L | |
D General Reinsurance Lykes Youngstown Corporation
| |
General Electric (NBC) Inmount Corporation
** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.
[END]
Buygold
that was a LOL BUT…;
other than accusations what facts to these accusers have?
Thanks Goldie
Armstrong just confirmed what I always knew. He is full of crap.
The conspiracy promoters are just not satisfied with the fact that we are screwed and perhaps nobody is in charge to stop or push anything. The days of the Rothschilds owning banks and financing wars is old history, Yet to this day, they paint this family as behind everything. This to me is PROPAGANDA for they are not even on center stage. Hey, as long as the get people to blame them, the NY Bankers are free to bribes all they want and politicians are for sale to the highest bidder. Sorry – but the Rothschilds have been long out-classed by New York. That was 19th century. No family is worth $500 trillion and the Rothschild do not own every central bank. This is just total propaganda that is the perfect cover for those who are really screwing society. This is the oldest trick in the book – kids play this game: I didn’t do it, he did. Or how about – “The dog age it.” The Rothschilds will not benefit from war. Fine, they financed wars against Napoleon and used pigeons to beat the news of victory. Jacob Rothschild is 78 years-old and is chairman of RIT Capital Partners, and he warned their clients with total deposits of £2.3bn in trust a chilling message about global political instability.He warned that on top of a “difficult economic background” investors face “a geopolitical situation perhaps as dangerous as any we have faced since World War II”. He is absolutely correct. Jacob also said this was the result of “chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union”. He does not own the central banks and we had under contract over $3 trillion at Princeton Economics in the ’90s. Nobody has ever come that close to what we advised on. Even now, we are still being called in for advice on portfolios more than 100 times what RIT Capital Partners controls. What is happening is very interesting. We have more people abandoning the banks as advisers today than perhaps at anytime in my career. This has been because they have woken up to the new way of doing business – transactionalbanking where the clients are the target. The good old days of relationship banking no longer exist among the NY money-center banks. Those days are long gone. Pay attention to the REAL players. This nonsense is a total diversion from the truth. While you are pointing fingers at the Rothschilds, the NY boys are counting their money. http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/
Ipso, Silverngold
Ipso – actually the article about the Iraqi’s arresting US and Israeli operatives with ISIS has been reported in several places and is old news, at least three days old. I believe ZH may have reported it. As for Israeli and US forces being paraded in the US media, surely you jest right? Nothing like that would EVER be reported by western media, just as nothing has been reported on the Chinese using CIPS as an alternative to SWIFT.
Silverngold – you just posted an article that said the same old Oligarchs that have intentionally destroyed the U.S. are actively supporting the Chinese to affect a NWO. Sorry, I don’t see the same old families supporting another country to enact a NWO as being a positive event and please tell me how a new NWO SDR with a gold price of $1K is positive.
@eeos re There’s a good chance they could paper over things into eternity
Eventually, in the future, they will have to just create and give money to whoever needs or wants it. As time goes on, there won’t be any way in hell to keep everybody working for 40 hours a week. All the modern conveniences, manufacturing methods, computers, robots etc, that eliminate the need for people.
And it makes sense for more and more people, or society in general, to enjoy the time off afforded by modern improvements and achievements. It make NO sense for 95% of the population, or society to be working so many hours like its the backwards ’50s and ’60s.
I remember the ’60s when we (mostly men, no wives working) were DOWN to 40 hours from the 80 hours of our grandfathers in the early century. My friend Gene and I, in the ’60s, thought for SURE, we would be down to 30 hours a week in the future. and what happened????????
Inflation, taxes taxes and more taxes, with lagging wages if not a publically employed tax absorber, causing the need for wives going to work, and we were now back to 80 hours combined, with both spouses working.
The system has literally millions of people working at things that are not really necessary. Artificially created jobs for unneeded services and enforcements.
silverngold @ 19:36
Where are the names of those “Israeli Americans” arrested? Is there any evidence of this actually happening? If this really happened don’t you think these men would be paraded in front of the camera? If someone takes this Iranian story at face value they are truly a fool.
Al Jazeera isn’t even carrying this story.
Good posts SnG, 18:33 has legs, combined with your previous post about 1:1 US/EU/Franc, 1.5 UK, .75 Cando etc.
I have this feeling we are on the cusp of something substantial like the 1999 Washington Agreement.
Unless the even number gig involves gold at $1000 for the SDR.
edit, seeing the gold shafts on the arrows in above pic, I think gold gets shafted to $1000 for the SDR
Hey SnG 19:46, that’s right up there with blow drying your hair in the bath tub. Are those Ukrainian potatoes?
Maybe throw a toaster in the mix for good measure….
Oh those Rooskies.
silverngold @ 17:48. In my opinion those were sound and encouraging comments you posted there at 17:48
I agree with the approach, and so does winedoc, of first priority being given to regular buying of physical silver and gold, regardless of its price in the week or month of purchase. I have never touched any PM-related ETF, nor any ETF for that matter. But we are invested in a basket of PM stocks, weighted more to silver stocks than to gold-focussed stocks. I have plenty of losers, at present, in this basket of PM stocks. They make good company with our losing (for the present) energy stocks from operators in the western Canadian sedimentary basin. You win some and lose some, and I certainly have my share of losers staring me in the face. But we hang on, and our favourite in the lot, and the biggest proportion of the portfolio, is the physical silver and physical gold part of our holdings.
Cheers and happy investing. Equiz.
Israel Joining Isis
US and Israeli Military Advisors Arrested In Iraq For AIDING ISIS
By Alec Cope
We Are Change
During the operation, “The Sting of the Scorpion” four foreign military advisors were arrested for “aiding ISIS” Iranian Tasnim News Agency reports.
Three of the four advisors are US and Israeli duel-citizens, with the fourth being from a “persian gulf country” Iraq’s Sarma News reported. The advisors were arrested in a “headquarters” location where ISIS coordinated military operations in Iraq’s Northern Province of Nineveh. During the operation, ISIS fighters were killed and some were detained. Those that have been detained have been transferred to Baghdad.
Editor’s Note:
WRC has provided ample evidence that Israel and the US have spawned ISIS previously – the credibility of one story does not intrude on the analysis as a whole …
http://wearechange.org/us-israeli-military-advisors-arrested-iraq-aiding-isis/
FWIW: Maybe your life!! Borrowed from another site.
Studies show: “Natural” Mumps, Measles, Chicken Pox & Influenza viruses protect against cancer
http://vaccineliberationarmy.com/2015/03/10/studies-show-natural-mu…
Turns out that the pubic policy of wholesale eradication of infectious diseases is actually harming the population.
So, how do we add that to the mix…not only are the vaccinated infecting both the populations of vaccinated and unvaccinated causing a new initiative to mandate booster shots every few years for children and adults, but that interfering in the natural process of getting the natural diseases to build up the immune system is interfering in establishing certain building blocks that prevents cancer, of which we have an epidemic.
Public health officials know recently vaccinated individuals spread disease
Physicians and public health officials know that recently vaccinated individuals spread disease and that contact with the immuno-compromised can be especially dangerous. For example, the Johns Hopkins Patient Guide warns the immuno-compromised to “Avoid contact with children who are recently vaccinated,” and to “Tell friends and family who are sick, or have recently had a live vaccine (such as chicken pox, measles, rubella, intranasal influenza, polio or smallpox) not to visit.”
Starting in 2012 Vermont had declared a statewide epidemic of whooping cough. To date there has been a total of 612 confirmed cases of pertussis, of which 90 percent have been vaccinated against the bacteria with the Tdap vaccine.
According to CSN.Philly.com, the New York State Department of Health reports that 18 of 20 people infected in a recent measles outbreak in New York City were children who had been vaccinated.
According to USA Today, since August 107 American children have polio symptoms, such as paralyzed limbs (Non-polio acute flaccid paralysis, NPAFP). According to National Geographic, all the children had been successfully immunized against polio. In 2011 there were an extra 47,500 new cases of NPAFP in India. Clinically indistinguishable from polio paralysis but twice as deadly, the incidence of NPAFP was directly proportional to doses of oral polio received.
In a study published in the Journal of Pediatrics, “Adverse Events following Haemophilus influenzae Type b Vaccines in …” CDC and FDA researchers identified 749 deaths linked to the administration of the Hib vaccine, 51 percent of which were sudden infant death (SIDS)
There’s a good chance they could paper over things into eternity
They could be shuffling Gold all around the world to keep the illusion going that physical in large quantities still exists. Paper money allows for anything to happen, and if we have a collapse of some type it’s going to happen out of the blue. Works till it doesn’t.
Just got this from a friend. Maybe it has legs??
The Real Reason the Swiss Peg Ended
And More Mischief About the SDR, RMB, and Gold
By JC Collins
When Managing Director of the International Monetary Fund Christine Lagarde gave the speech last year where she mentioned the number 7 numerous times, the internet caught fire with theories and analysis of what exactly was meant by the term “magic seven”. Contrary to popular opinion, it had very little to do with the occult, and more to do with the forthcoming composition changes to the SDR valuation.
The purpose and theme running through the Special Drawing Right composition is also directly connected to the ending of the Swiss franc peg to the EUR. But before we get into that let’s review some of the information and logic behind the analysis which we are going to review and present in this post.
The move away from the USD as the primary reserve currency used in the global financial system will be the largest change and transition in how the world functions in most of our lifetimes. The balance of payments system which supports the United States dollar is stricken with imbalances, as presented in the Triffin Paradox.
The Triffin Paradox thoroughly explains the challenges faced when one specific domestic currency is used as the global reserve currency. The amount of USD building in the foreign reserve accounts around the world creates domestic pressure on the USD, which in turn forces the US to print more currency, which then in turn promotes deficiencies and pressures on the exchange rate regime which supports the USD.
It is collectively agreed by all, including America itself, that the USD should be reduced in the foreign reserve accounts around the world, and something supra-sovereign to a domestic currency needs to be optimized as the international unit of account. The SDR of the International Monetary Fund is set to rise and take that crown, which will soon be vacated by the USD.
The reserve characteristics of the SDR create the opportunity to move away from the use of domestic currencies as primary reserve currencies. Currently the SDR basket composition is made up of four currencies, the USD, Japanese YEN, British GBP, and the EUR.
For the SDR to gain legitimacy as a global unit of account, the composition of the basket has to be expanded to include a more balanced representation from the largest economies. It is debatable whether China is now the largest economy on Earth, or the second largest, but either way the inclusion of the Chinese currency, RMB, in the SDR composition later this year is widely accepted as inevitable. This is covered, with expanded links, in the post The Redback Revolution.
The RMB is the seventh most traded currency in the world. So we can expect that if the SDR is going to include the Chinese currency, all which come before it will also be added to the basket as well.
There are a few metrics and standards which we can reference to define the top seven currencies in the world. For our purposes here, we will use the data of the Bank for International Settlements, as measured and segmented into the following categories:
• International Debt Securities – Currency Composition
• Global Foreign Exchange Market Turnover – Currency Composition
• Global Foreign Exchange Derivatives Market Turnover – Currency Composition
• Exports and Financial Inflows – ExportersIn all categories the following seven currencies dominate the top positions:
1. USD – United States dollar
2. EUR – European Union euro
3. YEN – Japanese yen
4. GBP – Great Britain pound
5. CHF – Swiss franc
6. CAD – Canadian dollar
7. RMB – Chinese yuanThe top 4 make up the current composition of the SDR. With all the hype surrounding the RMB, and its internationalization for inclusion into the Special Drawing Right, the remaining 2 currencies have somewhat been forgotten.
In order for the Swiss franc to be considered for the SDR, which it would have to be based on the above metrics and conditions, it had to end the peg to the euro and free float like the ones above. This also means the RMB will end its managed peg to the USD in the coming months and become more market oriented before being added to the basket.
The legitimacy of the basket, and the SDR’s ability to stabilize both global liquidity and the new exchange rate regime, will require all 7 currencies listed above to be included.
The IMF has also expanded and improved the data reporting which is expected from its member countries. This is a vital component of the transition to a multilateral financial system structured around the SDR.
In a report presented to the G20 Finance Ministers and Central Bank Governors on September 11, 2014, the International Monetary Fund, the Bank for International Settlements, and the Financial Stability Board, reviewed, and dictated, the terms of improving the data gaps on foreign currency exposures.
This reduction in foreign currency risk is directly tied to the coming discussions around adjustments to the SDR basket, and the Sovereign Debt Restructuring Mechanism. The SDRM will address the growing sovereign debt crisis and allow for a re-allocation of SDR instruments under the Designation Mechanism.
The DM will be used in situations where the capacity in voluntary trading arrangements becomes insufficient. Member countries of the IMF who have strong external positions, being loaner nations, can purchase SDR’s with freely usable currencies, from members with week external positions, being borrower nations.
The use of substitution accounts will ensure that no exchange rate losses are incurred during the process. When we consider the large amount of USD in the foreign reserve accounts around the world, a sovereign debt which the US owes to China, among others, the use of a DM and SDRM methodology will only work if the above 7 currencies are included into the SDR composition to create the necessary stability and legitimacy.
The IMF has been developing the expectation amongst member countries that data reporting has to be improved. This week Canada was informed that it needed to improve data reporting and take further measures to address its overvalued home market. Back in January, Christine Lagarde traveled to China to discuss improvements to that countries data reporting.
A part of the report from the IMF, BIS, and FSB, stipulates that the availability of “appropriate high quality interest rate instruments” are to be maintained and developed. Proper data reporting will ensure “domestic assets exist with a well-defined interest rate”, which in turn will help reduce foreign currency exposures.
The report, which can be read here, was signed by the following:
IMF Representative – Christine lagarde
BIS Representative – Jaime Caruana
FSB Representative – Mark CarneyThe progression towards the multilateral financial system is picking up momentum. With the announcement of the forthcoming Chinese payment system, CIPS, which we had previously covered here, and here, it is becoming increasingly challenging to deny the obvious truth in front of us.
The SDR seven will form the new basket composition, and perhaps, just perhaps, that is what Ms. Lagarde was attempting to communicate all along. Her reference to the “magic 7” is extremely similar to the term “magic circle” which was used in another official publication last year, when it was mentioned that the RMB would gain entry in the SDR magic circle. This was reviewed in the post The SDR Magic Circle. Here is a quote from the publication:
Chinese entry into the ‘magic circle’ of reserve currencies in the SDR, along with the other components (the dollar, euro, yen and sterling), has already been advanced by a ground-breaking decision announced this month by the UK Treasury. The British government will issue renminbi-denominated bonds, the first sovereign government to take such a step (apart from the Canadian province of British Columbia), and allow the proceeds to be held in the UK reserves managed by the Bank of England, breaking two long-held taboos for the UK authorities.
From this statement we can assume that the “other components” referenced are the other currencies which make up the magic 7, as presented above, and not just the 4 which were listed.
Those who still deny the reality of this multilateral transition to the international financial system are increasingly running out of logical and rational arguments. It is happening whether we agree with it or not. And the end of the Swiss franc peg is only the first of many market rattling events.
That just leaves gold. Here at POM we have considered two possibilities. One, gold is included directly into the basket at a specific percentage of the overall valuation. Second, gold could be used to partially support the 7 core SDR currencies, which would indirectly help bring stability to the asset.
Either way, big wheels are in motion. Recently Alasdair Macleod wrote a piece titled The New London Gold Fix and China. In it he explained how the four London fixing banks will be handing control over to the International Commodity Exchange on March 20, 2015. This means that the London gold market will become partially regulated. It also gives China the opportunity to dominate the gold market.
Taken in the context of our discussion, China would want to secure the gold market, or at least prevent manipulation of the gold market, before it ends the peg with the USD and partially supports the RMB with gold reserves. This supports our argument above that gold will not be directly included in the SDR composition.
And with all of that will come the announcement from China on their official gold reserves. These reserves will be used to both support the yuan and bring stability to the international financial system. A financial system which will still include the USD. – JC
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Silverngold: 17:48 Happy Hour
I agree
I buy AGF PM fund and Physical Gold and Silver once or twice a month
I dollar cost average, ’cause you can’t time these markets
These paper games and debt parties can’t end well
I’m working my hole out to save …….. and some of my colleagues with 200 G on line of credits are travelling the world ……..
There will be gnashing of teeth ……..
Onward Pilgrims
Winedoc
Buygold @ 14:45….We’re screwed??
I don’t see it that way. Once again I think we have hit bottom….a little higher bottom but a bottom. A few years back we were all trained to become swing traders, then day traders, then because they are so convenient just buy the ETF’s and trade the hell out of them. Virtually nobody, with rare exception, was buying the PM shares…..they were only buying the ETF’s which were only tracking the PM’s. Where could people expect the PM’s to go?? Certainly not up since every dollar placed into an ETF is a gift to TPTB and just asking them to take PM’s down.
As a general question to all, how many have made money trading ETF’s? How about leveraged ETF’s?? If we were in an unmanipulated sector or market one could use TA to advantage, but TA has been a tool of TPTB too. Good news is bad for the sector and the PM shares, bad news is bad for the sector and PM shares.
The entire game changed when they introduced the ETF’s to the sector, and it has never recovered its old oversold/overbought TA charting ability to time the sector. The entire market is now run by the ETF’s using wash trades that are designed to hold the sector in place. Because of the vast wash trades it is no longer possible to use volume as an indicator of direction either since for every legitimate trade there are probably 1000 wash trades.
So you say we’re screwed…..and maybe you are right if all the lazy ETF traders keep proving the definition of insanity…. doing the same thing over and over again but expecting different results.
My challenge to the sector is this. First buy phyz, (most have) next buy a small basket of beaten up PM shares or better yet buy one of several PM funds that actually have invested in the stocks they show as being their portfolio, like Sentry Select PM funds, Sprott PM funds, or whatever your personal choice. Get out of ETF’s and stay out. Anyone using them is not only hurting themselves but also hurting everyone else in the sector who is actually buying the real shares of real companies.
I have no influence over anyone else here but it should be “plain as print” why we are in the shape we’re in. Give it some thought people and PLAY YOUR OWN GAME, don’t keep playing theirs by trying to trade the ETF’s while they keep laughing at you for being so stupid while they keep picking your pockets. My money is where my mouth is. All The Best,……………Silverngold