Posts Tagged ‘Goldman Sachs’

Bilderberg Group Captures Bank of England – Why Britain Keep Drinking the Globalist Kool-Aid

November 30, 2012

By Eamonn Fingleton
Forbes

https://i0.wp.com/www.whatdoesitmean.com/bod2.jpgThose whom the gods would destroy, they first make mad. Although the aphorism is overused, it accurately describes the dog’s dinner that British leaders have made of their society in the last half century.

A good example of what I mean is the news overnight that the British government has appointed Mark Carney the next governor of the Bank of England.

For anyone concerned for the British national interest, Carney has three strikes against him:

1. Canada.

2. Goldman Sachs.

3. The Bilderberg Group.

Let’s first consider his nationality: he carries a Canadian passport. Not a hanging offense, you might think, and the Canadian people, of course, fully deserve their reputation as more than averagely decent world citizens.

The Canadian approach to financial regulation moreover has, as I have pointed out in a previous note, been a huge success. But here’s the thing: a clear majority of Britons want out of the European Union, and fundamental, quite tough and courageous decisions will have to be made in the next few years.

https://i0.wp.com/static1.businessinsider.com/image/50b397e26bb3f7616b00001b-400-300/mark-carney.jpgMore than ever, it is important that the loyalties of the governor of the central bank should not only be aligned with those of the British people but be absolutely unambiguously seen to be so. In the circumstances, a British passport would appear to be a minimal job requirement (and it always was in the bank’s previous history of more than three centuries).

Then there is Carney’s Goldman Sachs connection: he served the firm for 13 years in New York, London, Tokyo, and Toronto. Yes, things could be worse: he might have been a don in the Sicilian Mafia or a bagman for the Colombian drug cartel. But for anyone who knows how the world really works, a career of rising “success” in an outfit like the latter-day Goldman Sachs does not smell good. For nearly three decades now, Goldman Sachs has brazenly thumbed its nose at its previous reputation for probity: in plain language its ethos lately has been that anything goes, provided only you stay out of jail. Readers of the American and British press are aware of some of the problems. In the John Paulson affair, for instance, Goldman is on record as having defrauded its customers. Goldman Sachs’s flexible approach to ethics has also been central to the disasters that have befallen the citizens of Greece. To be fair, Carney has not been implicated in either the Paulson or Greek scandals. But, if Wikipedia is to be believed, he was on the scene in an earlier flap when in the late 1990s Goldman played a two-faced role in advising investors in Russian bonds. That said, what concerns me more than anything is Carney’s spell in Goldman Sachs’s Japanese branch. After 27 years of studying the Japanese financial system from a vantage point in Tokyo, I claim some expertise. Japan’s kyoiku mamas ­ education mothers ­ have long counseled their sons that gentleman do not take jobs in the Tokyo securities industry. Thus firms like Nomura, Daiwa, and Sumitomo’s Nikko subsidiary have long had to scrape the bottom of the educational barrel in hiring. What is less well known is that foreign securities firms in Tokyo rank even further below the salt than their Japanese counterparts. They do the work that even the Japanese securities firms consider beneath them. Ethical Western investment bankers posted to Tokyo are immediately appalled by what they are expected to do. Perhaps Carney was too ­ but there is no record of this.

Then there is Carney’s Bilderberg connection. Founded in the Netherlands in the 1950s, the Bilderberg Group is ostensibly merely a top careerist’s mutual aid society –nothing more than the Freemasons on steroids. Carney is officially acknowledged to have attended the most recent Bilderberg meeting, which is interesting as the British finance minister George Osborne, who appointed him to the Bank of England job, is an avid Bilderberger.

For the British national interest, there is more here than mere mutual back-scratching. The Bilderberg group was founded by Prince Bernhard of the Netherlands, a German-born erstwhile Nazi noted throughout his life for his “everything is relative” approach to ethics. The group’s main aim in its early years seems to have been to rehabilitate Germany and to this day the group is viewed in Europe as a tool by which a crypto-mercantilist “Germany Inc” promotes the careers of those it smiles on. Basically you are received into the Bilderberg group if the powers that be in Berlin, Munich, and Stuttgart consider your views helpful to the German national interest. The trouble is that Germany’s advantage very often proves to be someone else’s disadvantage.

George Osborne seems to be no more a Peter-principled naif. The question the British nation should consider is this: is Carney, with his Harvard education and his spell at the sharp end of the Japanese financial services industry, a similar babe in the woods?

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The Money Changers: Rothschild Banking Dynasty Said To Be Worth $100 Trillion

November 3, 2012

Left Hook: ‘When The Rothschilds Dial 911’

By Dean Henderson

Since America’s inception…

… there has been a lingering notion that European Illuminati bankers seek to bring America to its knees and return it to the fold of the Crown of England, which centuries ago became the key political vassal for the Eight Families who own majority stock in every private central bank in the world- Rothschild, Rockefeller, Kuhn Loeb, Lehman, Goldman Sachs, Warburg, Lazard and Israel Moses Seif.

Many US Presidents warned of the intrigues of the cabal, including George Washington, Thomas Jefferson, John Adams, John Quincy Adams; and later Andrew Jackson, Abraham Lincoln and John F. Kennedy.  The latter two were assassinated for trying to nationalize the Federal Reserve via the issuance of Treasury Department-backed (publicly-issued) currency.  As cited in my Big Oil & Their Bankers… book and by others, the Eight Families own 52% of the New York Federal Reserve Bank, far and away the most powerful Fed Bank.  Their ownership is disguised under names like JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.


Do I exaggerate when I claim that there are Eight Families?  Well, yes, actually these oligarchs have interbred to the point that they are now, for all practical purposes, one big family, with the Rothschilds being the most powerful.  Their net worth alone is estimated at well over $100 trillion.

These people, whose latest justification for lording over us is that they are descended from Jesus Christ himself, are, for obvious reasons, counter-revolutionary.  In their collective if obtuse minds, there are no good revolutions.  Democracy is antithema.  Government is something that only gets in the way.  It must be discredited and bought.  The American Revolution really pissed these inbreds off.  In Canada, Australia and New Zealand, the Crown of England still holds sway via the Governor General.  Most European countries retained their monarchies.  In America, we had a revolution, democracy and government.

A medieval rollback of the American Revolution begins with the concept that “government is the root of all evil”.  This strain of thinking is promoted by the Saudi/Israeli-owned Fox News.  These nations are not “Islamic” and “Jewish”.  They are fronts for the Crown of England and the Rothschilds.  The well-paid corporate lackey leadership of the Republican Party pushes this anti-government agenda, while the idiocracy misnomer known as the Tea Party takes this monarchist argument to its fascist extreme.

Deutsche Bank: born of of the Third Reich, now influencing the European Super State plan

Key to this revolutionary rollback is that seminal event- 911- which was used by Windsor family country cousin George Bush Jr. to dismantle our Bill of Rights, bankrupt our nation and destroy our image throughout the world via two oil-grab, narco-stimulant, contractor-friendly wars.  In the weeks before 911 the financial weekly Barons reported that Deutsche Bank had purchased huge put options (betting that a stock will go down in price) on American & United Airlines, and WTC reinsurance giants Munich RE, Swiss RE and the French Axa.

Deutsche Bank, historically owned by the Nazi-funding Warburg family, bought Bankers Trust in 1999 to become the world’s largest bank with $882 billion in assets.  Bankers Trust, as its name indicates, had been the Eight Families’ US wealth repository and is the largest shareholder of the Four Horsemen- Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell- who later reaped the Iraq/Afghanistan oil bonanza.

In 2001 Sen. Carl Levin’s (D-MI) Banking Committee fingered Banker’s Trust as a major player in drug money laundering.  On August 28th, just two weeks before 911, Deutsche Bank executive Kevin Ingram pled guilty to laundering heroin proceeds and arranging US weapons sales to parties in Pakistan and Afghanistan.  A June 15, 2001 New York Post article said Osama bin Laden was the likely buyer.  Kevin Ingram is a close friend of Clinton Treasury Secretary and Goldman Sachs insider Robert Rubin, now a board member at Citigroup.  Ingram had worked at both Goldman Sachs and Lehman Brothers.

Alvin Bernard “Buzzy” Krongard: Israel’s agent in the C.I.A.

Banker’s Trust purchased the fast-growing Alex Brown investment bank in 1997 before the two merged into Deutsche Bank.  Alex Brown took its name from founder A. B. “Buzzy” Krongard who served as chairman until the 1997 Bankers Trust buyout.  Krongard is now the #3 man at CIA.  On September 15th, four days after 911, the New York Times reported that Deutsche Bank Global Private Banking Chairman Mayo Shattuck III had suddenly resigned.

Mohammed Atta and two of other alleged hijackers had accounts at the Deutsche Bank Hamburg headquarters.  There were reports that bin Laden’s family had taken a large stake in Deutsche Bank with help from Carlyle Group financial advisor George Bush Sr.  The bin Laden’s had $2 million invested in Carlyle Group.  They held big stakes in Microsoft and Boeing, and had extensive business dealings with Citigroup, GE, Merrill Lynch, Goldman Sachs and Fremont Group (recently spun-off by Bechtel). Within twenty days of 911, Deutsche Bank had hired away (effectively silencing) SEC lead investigator Richard Walker, whose main task would have been to delve into the mysterious shorting of airline and insurance stocks prior to 911.

The final phase of counter-revolution can be accomplished through the withdrawal of Eight Families’ funding of America’s $11 trillion debt, which has mostly accrued due to the US military’s role as mercenary praetorian guard of the Illuminati global empire, coupled with a devastating US military defeat in Afghanistan.

Grand Master of Scottish Rite Freemasonry and NWO  visionary Albert Pike

On August 15, 1871 Sovereign Grand Commander of the Ancient & Accepted Scottish Rite of Freemasonry General Albert Pike, who later founded the Ku Klux Klan and prosecuted the Indian Wars, wrote a letter to Italian P-1 33rd Degree Grand Commander and Mafia founder Guiseppe Mazzini.  In the letter Pike talked of a Brotherhood plan for three World Wars.  The first, he said, would destroy czarist Russia and create a Communist “bogeyman” which the bankers could employ to justify their foreign interventions around the world.  The second, Pike said, would be used to create Israel, which would become a mercenary force for the international bankers, protecting Middle Eastern oil interests for Rothschild and Rockefeller combines.

The Third World War, stated Pike’s letter, would pit Arabs against Zionists, and would culminate in a New World Order completely controlled by the international bankers and their secret societies.  Pike described the events that would unfold as pretext for WWIII, “We must provoke a social cataclysm which in all its horror…everywhere the citizens obliged to defend themselves against the world minority of revolutionaries…will receive the true light through the pure doctrine of Lucifer, brought finally out into public view.

In June 2001, a female Russian doctor stated in a Pravda column that the US would be subject to a massive terrorist attack in late August 2001.  She was then asked what she believed was coming next.  She suggested selling dollars and buying Russian rubles, saying that the secret group behind 911 was the most powerful force in the world, worth over $300 trillion.  She said this group would soon “strike America in the back” while it was down and that the next shoe to drop would be the decimation of the US economy.  This “secret group” could only be the Illuminati Rothschild-led Eight Families.

Cecil Rhodes: Architect of the globalist ‘Round Table’ steering group.

Cecil Rhodes, the Rothschild protégé who founded the Business Roundtable in the early 20th century wrote his last will and testament in 1877.  Rhodes’ vision was implemented through the establishment of the Royal Institute for International Affairs in London.  Rhodes founded the Standard Chartered Bank, whose UAE Dubai branch supplied the 911 hijackers with the funds needed to carry out the attack.

Rhodes last will and testament said he hoped, “to establish a trust, to and for the establishment and promotion and development of a secret society, the true aim and object whereof shall be the extension of British rule throughout the world…and the ultimate recovery of the United States of America as an integral part of the British Empire.”

Dialing all American Revolutionaries!

Dean Henderson is the author of four books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve & Stickin’ it to the MatrixSubscribe free to his weekly column Left Hook

WORLD FINANCE CRISIS 2011 – DEPLETE, DELETE AND MOVE ON

August 22, 2011

By Andrew McKillop
21st Century Wire
August 22, 2011

A world financial collapse? So what exactly are we looking at here? The most recent ‘epic sized big bourse crash’, comparable to 1929, was on Oct. 19, 1987, also known as the “Black Monday” crash which witnessed a 20-percent-plus collapse of index numbers, and therefore nominal stock market value in one day on some major markets, like the USA’s Dow Jones Industrial Average or DJIA.

Since early August 2011 we have had global stock exchange falls of around 15 percent in 15 days. 

Giving us a handle on what this means the 1987 crash, which saw the DJIA crash to about 1850 points  wiped off an estimated $1600 billion or $1.6 trillion of nominal value, that is market capitalization, in dollars of 1987 value. As of August 22, 2011 the DJIA is at about 10 850 ponits, after major losses.

BULL AND BUST: The Wall Street economy is engineered for cycles and to transfer wealth upwards.

For the same amount of loss today, using official data on inflation since 1987, we would ‘need’ a loss of about $4.5 trillion.

THE STOCK MARKET CASINO

Interestingly, this has already happened, even with a loss of only 15 percent since the start of August 2011. Estimates for loss of nominal value (market capitalization) since the start of August through August 19, are well above $ 7 trillion. From the most recent high point for world exchanges, in February 2011, total losses are about $ 9 trillion. 

To be sure, there is a play on words as to the meaning of a stock market “correction” versus a stock market “crash”, but we can easily forecast that losses, through September-October 2011 can reach as much as $ 24 trillion, or around 75 percent of nominal value for the world’s 16-largest stock exchanges. This will be the biggest-ever loss, in nominal value. This is based on present day turnover value, in nominal terms, on the world’s 16-largest exchanges, estimated at around $ 36 trillion-a-year in 2010.  http://www.loansandcredit.com/worlds-largest-stock-exchanges/

WHY IT HAPPENED

Retrospective myth-making on the 1987 crash noted that Iran had fired missiles over the Persian Gulf, causing some nervous moments, rather like Hamas firing missiles on Israel, today. The decisive factor, for some myth-makers treating the 1987 event, was that 24 years ago the US wanted a lower-valued dollar, rather like Obama wants today, prompting foreign investors to start dumping stocks, fearing exchange rate-related losses. The curious thing, here, is that the Plaza Accord cut in 1985 of the US dollar’s value against the yen by about 40 percent, and by around 20 percent against the German Deutschmarks had almost no impact at all on “investor sentiment” ! Can we imagine it took those hands-on traders about 2 years to wake up to the news ?

As we see already, “investor sentiment” is a special herd thing, possibly quite mysterious. It in fact relates to the basic reality of the value-creation process – firstly creating ex nihilio, then trading “negotiable securities”, AKA tradable assets, in the most perfectly unregulated and corrupt way possible. When their value collapses, as it can only, and will only, these paper chits and fragile promises are binned – in a slash and burn process we can call “Delete, Deplete, and Move On”.

Another favoured explanation of why investor sentiment was so bad in October 1987 is that markets were not well protected by Plunge Protection, at the time. Programme selling software did not face the circuit-breakers which today stop trading after there is about a 10 percent decline in any one trading day. In other words and in theory, we could have a 50 percent fall in one 5-day trading week but we can’t have 20-percent-off in a single day.

THE MYSTERY OF THE MARKETS: Moving the herds in and out of financial cycles.

In March 2011, following the Fukushima nuclear disaster, Japan’s Topix index tanked by 12 percent in a single day (15 March), the biggest single day loss since the 1987 crash, in a panic sell off similar to what all stock exchanges are capable of, when sentiment is right. The 15 March 2011 crash, in Japan, caused a loss of around $ 400 billion of nominal value in 1 day.

NOT JUST THE CLOSING BELL

In the good old days of 1987, falling markets resulted in yet more selling, which basically snowballed as computer-generated trades kept pressure on the markets all day and all week. As observers remarked: “The only thing that kept markets from melting down even more, each day, was the closing bell” – but the bell rang on a very different world relative to 2011.

Money growth is one feeder of market growth. This is the basic fuel for the delirious and unreal illusions created, vectored and sold, to the unwary, by stock market operators since they started operating in their ‘modern’ format, in the first two decades of the 18th century. Interestingly, these very first modern-type stock market “shell games” were all related to, or triggered by attempts to cut the crippling debts of royal families and their noble allied leading families.

Basically, we have a situation where the state can print money, and its close supporters in the financial world can print share certificates. This notional value – and the word “notional” has meanings close to the word “fictional” – can then be swapped against real assets, starting with gold and silver bars and coins, and extending to oil, food, minerals, land and any other real asset. At the largest most aggregate level it is obvious the amount of nominal “value” a market can first create, and then lose will depend on how much fiat monetary value existed and circulated, before the crash.

The two forms of unreality are linked. Both are a socialized and cultural bet on what the words “value” and “confidence” mean. The average taxpayer and consumer is the sucker or patsy – of course.

Depending how we interpret the data, for example world M1/M2/M3 money creation since 1987, world stock market capitalization and turnover, and global economic growth since 1987, we can suggest that world stock exchanges, today, could be overvalued by as much as 100-to-1 in real terms. The “correction” that is both possible – and needed – would be a 99 percent fall of average stock exchange values from early August 2011 levels, or about another 75 percent from August 22 levels. 

GLOBAL COLLATERAL DAMAGE

Taking as one example, fast growing emerging economy giant India shows what kind of expansion of money supply is possible in a short period of time:
http://www.thehindubusinessline.com/features/investment-world/article2037972.ece 

On top of the money supply growth, multiplying the potential damage from stock market crashes, we can note in the Indian case – and worldwide – at least three other key factors.

The first is that “cash equities”, where stocks, bonds or other traded assets are bought using cash are seriously going out of style: in India today, as elsewhere, around 90 percent of tradable assets ares NOT bought for cash or using cash. They are acquired or created through derivatives trading. Next, the revolutionary expectations – always growing – of market operators and traders are surely and certainly raised by so-called ‘financial engineering’ which has telescoped previously separate asset spaces, for example government debt (bonds) and company stocks (equities) and raw materials (commodities) in a so-called “seamless asset space”. In turn and next, we have the interconnection of exchanges worldwide, further raising the potential for “value growth”. In nominal value terms (although nominal value has no real meaning, because all engineered assets have counterpart liabilities – sometimes huge) world stock market turnover volume has grown at least 20-fold since 1987. 

Stock market crashes can and should reflect this reality. Losses since February 2011, and particularly since the start of August can very simply be the start of a historic process of adjusting the unreal and fantasist “tradable asset economy” to the realities of what is called the “real economy”.

LOST AND FOUND VALUE

Today’s crash could, or should therefore be 15 times bigger than the 1987 crash, causing 24 trillion lost but nominal dollars, if we want to stay in the running for Guinness book of records status. In rough terms this would represent a coming and further 75 percent loss of nominal capitalization for the world’s 16-biggest exchanges, but how would we engineer these losses ?

This will be difficult, even with Hamas rockets raining into Israel and Mr Obama talking down (without even moving his lips) the dollar each day, despite the huge competition the US dollar has – for lost value – facing the overvalued, shaky and worthless rivals called the euro and yen.

The crash sequence is when everybody tries to sell everything, with or without the help of “asset management software”. The effect should first be inflationary – a certain amount of cash leaks out of the paper circus – and should then be deflationary, due to enterprises being starved of credit, loans, or investment capital. The most exposed companies are however instantly identifiable: banks, insurers, brokers and related entities.

Unfortunately, in our present day real-unreal world, the newly bankrupt banks and insurance companies, already bailed out in 2008-2009, will predictably tank again, and get bailed out again. Government debt will become yet more lurid. We cannot predict what will happen after that – because we never previously had simultaneous and total national bankruptcy of nearly all the world’s previously richest countries.

However there is a simple, if courageous solution for out cowardly political leaders. They have to Delete-Deplete-Move On.  During the crash, asset values will be compressed by huge amounts: governments can buy and nationalize the companies they already bailed out, using public money in 2008-2009. We cannot even be sure that governments will manage these assets even worse than the sacrosanct “private players” because private capital has so entirely destroyed the economy since the period of 2005-2007. Can the state do even worse ?  Tune in later.

The ‘flat-line’ solution is therefore possible. Markets bottom out, and stay there. The state moves in, to freeze the dynamic, firstly calling a 6-month truce, during which the economy starts being restructured, from top to bottom.

To be sure, political and legislative action (and cultural revolution) is needed to ensure that, so we must accept we are in a totally new dimension. Welcome to the future !

*****

GOLDMAN SACH HITS THE STREET IN BID CORNER THE METALS MARKET

August 2, 2011

Earlier this week, I showed you how Wall Street’s fat cats hide their big trades in the option markets. In that article I described some strange yet serious bearish option activity I discovered in the Nasdaq-100 (NDX).

Like clockwork, the Nasdaq dropped 90 points or 3%.

When heavyweights like Goldman Sachs (GS:NYSE) and Morgan Stanley (MS:NYSE) start to invest in something, you can make some “smart money” riding their coattails.

These financial superpowers use their connections and power to get an edge on the average investor. But with a little research and some smart investing tactics, we can uncover their buy and sell list… and get in on their secrets.

Wait until you hear what they are stockpiling…

Goldman Sachs are trying to completely corner the market on all metals at the point of distribution, starting with the US.

Goldman Sachs’ New Market Venture

Once in a while, a big firm ventures away from Wall Street to get its hands dirty. When a profit is at stake, nothing is out of reach.

Morgan Stanley took a left turn off Wall Street in 2008 when it took over Chicago’s parking meters for the next 75 years. That deal paid the city $1.15 billion up front and has made Morgan Stanley some serious coin. (Many say that Chicago should have asked for closer to $4 billion.)

Little does most of Chicago know that those parking meters are now controlled by investment groups in the Middle East. Don’t expect Chicago to change their free parking hours easily.

Goldman Sachs’s newest venture is also off the beaten path.

Goldman Sachs is getting in the metals market… in a way no one expected.

Gaining Advantage in the Metals Market

When you think about Goldman Sachs, you might think of its exclusive money management services or its elite investment professionals.

You would not expect to hear the news this “white shoe” firm just bought large, run-down warehouses.

That’s right; warehouses. But these warehouses have something special about them… They are chock-full of industrial metals like aluminum, copper, lead, nickel, steel, tin, zinc and plastics.

It all started last year when Goldman Sachs bought warehouse and logistics company Metro International Trade Services. The key to this acquisition was twofold.

  1. The London Metal Exchange approved Metro’s warehouses as designated delivery points for different commodities that trade on the LME.That means Goldman gets the metals at today’s prices and sells futures contracts for a higher price. Since Goldman now owns the warehouses, the cost to store the metals is less than the price of the futures contracts.

    In other words, it’s a guaranteed profit!

  2. It can also provide financing for customers who want to buy metals but need some time to pay for them. Goldman buys the material, stores it and charges fees, and interest to the client. It’s a win-win for Sachs.

What’s even more interesting is that Goldman Sachs only has to release a fraction of the metals it takes in. To an extent they can limit supply (delivery) if prices are not favorable or release more when prices are high.

More realistically, this means the rental income continues to roll in while the metal sits idle in the warehouse, even if there are buyers for all of it.

Another way to think about it would be if all the iPhones in the world were held in a warehouse by Apple. Apple gets to collect $5 a day in rent per phone to keep them in the warehouse. Even if there was a buyer for every phone, Apple slowly lets the out inventory to collect as much of that rent as possible.

How Can You Get In on the Action?

Copper and aluminum prices are off their lows and have been coming back along with demand. The key to profits for Goldman Sachs is something called “Contango.” Contango is when future prices get more expensive the further out in time you go. Most commodities like metals, grains and even oil tend to trade in contango.

This is because the costs to store, insure and transport commodities are reflected in the price. If you are buying copper futures for example, the longer you take before delivery, the higher costs you will have.

Even with higher prices for long-dated futures contracts, many manufacturers want to lock in today’s prices because they expect them to climb. Many metals, even aluminum, are being traded and stockpiled like currency and as hedges for inflation. Goldman is ready to take profits with the storage fees and with the serious price appreciation in metals.

Goldman’s investment gives me reassurance in the price strength and demand of metals. As a smart investor, we can use this cue to lead us to our next investment.

Whatever path you choose, remember that visionaries who think outside the box and aren’t afraid to get their hands a little “dirty” will often reap the greatest rewards.

Publisher’s Note: The news from Goldman meshes perfectly with a recent report from Taipan’s Kent Lucas. He has found a way to track the world’s silver supply that few folks outside of Wall Street know exist. If you have not read his special report, do it now.

Article brought to you by Taipan Publishing Group. Additional valuable content can be syndicated via our News RSS feed.

Republish without charge. Required: Author attribution, links back to original content or www.taipanpublishinggroup.com

No, You’re Not Imagining It – The Gold Miners Are Tanking

June 20, 2011

Editor’s Note: With the Dodd-Frank Act coming into effect, over the counter trading of gold and silver may be illegal starting on July 15th (or at least that is what some companies apparently now believe). FOREX sent out the following cable last week:

We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011… We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.”

We shall see. But could a future change in trading laws contribute to a recent  flight from Gold Mining shares?

By JOHN RUBINO
Dollar Collapse
June 19, 2011

Conventional wisdom — backed up by years of observation — states that gold mining shares tend to outperform the underlying metal in good times because they’re “leveraged to the price of gold.” That is, their extraction costs are more-or-less fixed, so when gold rises, most of the increase flows directly a miner’s bottom line, increasing its earnings at a rate that exceeds the metal’s move.

With gold near a record, most miners should put up ridiculous earnings in the year ahead, which should make their shares act like tech circa 1998, right?

JACKPOT: Traditionally, mining stocks have kept their lead over metal markets.

Nope. The biggest miners, whose shares populate the GDX gold miner ETF, did outperform gold (represented here by the GLD ETF) during most of its recent epic run, just as you’d expect. But in April the two trends diverged, and lately the divergence has become a chasm. Gold is up 22% in the past 12 months and the big miners are, as a group, virtually unchanged.

This is painful and humbling for investors who bet on gold by loading up on mining shares, only to discover that they were right on the macro but wrong on the implementation. But one person’s pain is another’s opportunity, and the market appears to be offering a whopper here.

Assuming that the long-term relationship between gold and the miners holds — and there’s no reason to think it won’t — then the trend lines will converge at some point in the coming year. This can happen in several ways: They can both fall, but gold more than mining shares. They can both rise, but mining shares can rise more. Or gold can tread water while the miners go up.

Which means there are two ways to play it: Buy the miners and ride them, which will work if gold goes up. Or short gold and buy the miners, in which case you don’t care where gold goes as long as the miner/metal relationship reverts to normal. The first is simpler but only works in a rising gold price scenario. The second is an arbitrage that should work no matter what gold does in the year ahead, though it carries an emotional price, since shorting gold is disturbing on a lot of levels.

On the other hand the idea of making money while being short gold — in the middle of a global currency meltdown — has a certain contrarian appeal.

One final thought: If the big miners are underperforming because of fears that they can’t replace the reserves they’re consuming, then we’re in for a buyout binge as they use their rising cash flow to gobble up the juniors with the most accessible reserves. So the small-cap miners will end up being the best part of this market.

LOL! Gates Admits US Troops To Remain In Iraq Beyond 2011

April 9, 2011

Meaningless withdrawal deadline passes, Obama prepares another round of spin

By Steve Watson
Infowars.com
April 8, 2011

The world’s media reacted with a collective shrug of the shoulders today as Defense Secretary Robert Gates admitted that US troops are likely to stay in Iraq beyond 2011, making another scheduled withdrawal date nothing more than an empty meaningless promise.

There will be no withdrawal, because a permanent military occupation was agreed long ago.

SEE VIDEO OF PRESS CONFERENCE

The date for the final pullout of U.S. troops from Iraq keeps being pushed back further and further. Obama campaigned in 2008 on the promise that he would “immediately” withdraw troops from Iraq, then that was put back to June 2009, then it became August 2010, and now the date has been pushed back to the end of 2011. Every time a deadline gets close, the Obama administration simply insists that the situation is too unstable for withdrawal and the date is pushed back again.

CONFUSED: After repeated assurances to voters about pulling out of Iraq, the President will likely try to re-spin the story again before the 2012 election.

Nevertheless, last August, with much sickening fanfare, the corporate media announced the “official” end to the occupation of Iraq.

“The last American combat troops left Iraq today, seven-and-a-half years after the US-led invasion, and two weeks ahead of President Barack Obama’s 31 August deadline for withdrawal from the country,” the London Guardian reported on August 19.

Buried in the recesses of such coverage was the fact that over 50,000 troops would remain behind to make up a “transition force”.

Even that number was misleading, however, given that the US still has over 100,00 contractors in Iraq.

In reality there is no plan to withdraw the military from Iraq, far from it, the plan is to stay there… forever.

In 2008 details of that agenda leaked to the media. It was revealed that the globalist neocon cabal in control of the government was actively seeking permanent occupation of the country, along with the construction of over 50 permanent bases and the right to launch pre-emptive military strikes on any country from inside Iraq.

The London Independent reported:

The terms of the impending deal, details of which have been leaked to The Independent, are likely to have an explosive political effect in Iraq. Iraqi officials fear that the accord, under which US troops would occupy permanent bases, conduct military operations, arrest Iraqis and enjoy immunity from Iraqi law, will destabilise Iraq’s position in the Middle East and lay the basis for unending conflict in their country. […]

Under the terms of the new treaty, the Americans would retain the long-term use of more than 50 bases in Iraq. American negotiators are also demanding immunity from Iraqi law for US troops and contractors, and a free hand to carry out arrests and conduct military activities in Iraq without consulting the Baghdad government.

Further details of the plot then emerged from senior Iraqi military sources who detailed the wish on behalf of the White House to control Iraqi airspace below 29,000ft and secure the right to launch military campaigns against other countries from inside Iraq:

The military source added, “According to this agreement, the American forces will keep permanent military bases on Iraqi territory, and these will include Al Asad Military base in the Baghdadi area close to the Syrian border, Balad military base in northern Baghdad close to Iran, Habbaniyah base close to the town of Fallujah and the Ali Bin Abi Talib military base in the southern province of Nasiriyah close to the Iranian border.”

The military and both the Bush and Obama administrations have consistently denied any plans for permanent bases in Iraq, yet the Pentagon continues to spend billions on the construction of permanent bases. Of course, they are not referred to as “permanent”, rather they are “enduring” bases.

The push to permanently occupy Iraq did not subside with the election of Obama, who sent a special envoy last September to meet with senior Iraqi military and civilian officials to carve out a secret deal to keep troops in Iraq beyond 2011.

The U.S. has around 1,000 bases and military installations in 156 countries scattered around the world. The Pentagon does not plan to “drawdown” its presence in these countries anytime soon. In fact, it is continually looking for excuses to expand its presence, as we have seen with the recent incursion into Libya.

Obama’s two-faced con in announcing that there will be a full withdrawal from Iraq while in reality tens of thousands of troops and contractors will remain as an occupying force for years if not decades strikes at the root of Obama’s hypocrisy and the fact that, while posturing as a peace advocate, he is firmly in the pocket of the military-industrial complex.

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Steve Watson is the London based writer and editor for Alex Jones’ Infowars.net, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham in England.

COALITION AIR STRIKES: NOW THE BODY BAGS BEGIN PILING UP IN LIBYA

April 1, 2011

By Patrick Henningsen
21st Century Wire
April 1, 2011

It was only a matter of time before gungho western audiences and pundits would have to face the harsh reality that overwhelming military power produces: 1,400 air sorties and 700 Tomahawk cruise missiles later, the civilian body bags are beginning to mount up. And the political ramifications for the acting war parties in Washington, Britain and Paris are inescapable.

According to yesterday’s report from Reuters, at least 40 civilians were killed in air strikes by Western forces on Tripoli, a top Vatican official in the Libyan capital told a Catholic news agency on Thursday, quoting witnesses. “The so-called humanitarian raids have killed dozens of civilian victims in some neighborhoods of Tripoli,” said Giovanni Innocenzo Martinelli, the Apostolic Vicar of Tripoli. Martinelli goes on to add, “I have collected several witness accounts from reliable people. In particular, in the Buslim neighborhood, due to the bombardments, a civilian building collapsed, causing the death of 40 people”.

SHOCK AND AWE 2.0 : Coalition countries are able to show off their new hardware in Libya.

NATO has said it will investigate reports that up to 40 civilians were killed in the Coalition bombing strike near Tripoli, a Press TV correspondent reported. In addition, medical sources said at least seven more civilians were slain in Wednesday’s raid on the village of Zawia el Argobe, 15 km (9 miles) from Brega. The airstrike also wounded more than 25 civilians and destroyed several nearby homes.

The Libyan government on Thursday night claimed close to 100 civilians had died in air strikes since Allied hostilities began last weekend.

The final bill in human lives cannot really be tallied until a much later date. There is little doubt though, that given the current frequency of Allied bombs and missiles and what we have learned from the West’s fabled “surgical strike” operations in Iraq and Afghanistan, that the final number of confirmed civilian body bags will certainly exceed 1,000 within a week or two.

BODY COUNT: Allied air strikes are snuffing out scores of innocent Libyan lives.

COALITION USING DEPLETED URANIUM

Only a few days into the US-led attacks on Libya, there have already been reports of forty-five 2,000 pound bombs containing depleted uranium (DU) being dropped down on Libya by the U.S. B-2s during the first 24 hours of the attack, say Stop the War Coalition.

Additionally, American journalist Dave Lindorff reports, “The British-built Harrier jets used by British naval air forces and also by U.S. Marine pilots, are often equipped with pod-mounted cannons that fire 20 mm shells–shells that often have uranium projectiles designed to penetrate heavy armor”.

The use of DU has been a major feature in US-led Coalition and Israeli war efforts since 2001, even though it has been banned through an international treaty signed by all UN security council member states at the Geneva Convention. The damage it does is well documented, long-lasting and horrific to say the least. Deaths could be calculated over many years, as radioactive dust continues to blow throughout the region. Its use is classed as a war crime under international law, so when will the US, Britain and Israel be called to explain these actions in the dock?

WESTERN POLITICAL DILEMMA

Here is where we come to the fundamental moral and legal dilemma for the Western aggressors in Libya. When the number of civilian deaths by Allied strikes exceeds the number of alleged civilian deaths by Libyan Leader Moumar Gaddafi, the political pressure cooker will begin to boil- some say it already has. Interestingly enough, all of the sensational reports of Gaddafi “gunning down his own people”, a rallying cry used by everyone from Barrack Obama to the BBC, have yet to be corroborated by any independent human rights or aid agency, leaving media audiences with mostly hearsay and rumour generated from White House and Whitehall press briefings a few weeks ago. The truth is, we will never know.

This also includes past allegations that the Libyan military had launched an air strike on demonstrators in the capital Tripoli, Al Arabiya quoted by witnesses in late February. Surprisingly, or not, we are left with the fact that an entire multi-billion dollar Coalition military operation has been based on these same, non-specific reports- about what Gaddafi has allegedly done, or is about to do.

According to the UN Resolution which effectively gave the green light to bomb Libya, “The Council specified that the flight ban would not apply to flights that had as their sole purpose humanitarian aid, the evacuation of foreign nationals, enforcing the ban or other purposes “deemed necessary for the benefit of the Libyan people”. What has actually transpired is, of course, miles away from the cloudy humanitarian intent which its writers have woven into the language of this UN document.

Legally speaking, aside from any civilians that Gaddafi is alleged to have “gunned down”, any armed rebels who met their demise during the initial days of the uprising, according to the newly revised American and British rule books, would be classed as “enemy combatants” and “domestic terrorists”- and not as civilians.

    Innocent Libyans pay the ultimate price in this Coalition-fuelled civil war.

Using the same moral imperative, thus far, both the American and the British governments have been able to avoid the same UN disciplinary measures they have imposed on Libya, even though they have been found guilty of multiple documented incidences since 2001. The list is long: falsifying intelligence claims to the UN, false imprisonment of innocent civilians, the use of illegal DU munitions, mass torture and that little problem of over 1 million dead Iraqis since 2003.

It is obvious now that state participants in the recent UN Resolution 1973 were unable (or unwilling) make the intellectual or legal leap needed in order to differentiate who were, and how many of these so-called civilian victims there actually were during the initial domestic uprising in late February and early March 2011.

Following the complete and abject failure on the part of Washington and London to convince the public that Saddam Hussein had massive caches of WMDs in 2003, spin doctors and speech writers have upgraded their public relations and public opinion-forming approach to fit their new, lighter framework for the out-dated “pre-emptive strike”. Enter the humanitarian strike, based on any number of unsubstantiated reports and guesswork, a new political term that is ultimately more profound than its predecessor because the term effectively disarms endless columns of  liberal gatekeepers and mainstream pundits who previously targeted the Bush-led wars.

But do not be fooled. These contrived PR terms are designed to cover the same long-range foreign policy goal which we have already witnessed in Iraq and Afghanistan… regime change. Once this is achieved, the major players can begin carving up the natural resource and financial assets of this once sovereign nation.

Patrick Henningsen is a writer, pr/communications consultant and Managing Editor at 21st Century Wire.

Contact: pj.henningsen@gmail.com



Nobel Committee Asked To Strip Obama Of Peace Prize

March 31, 2011

Editor’s Note: Barrack Obama was given his Nobel Peace Prize only 2 months after being in office, a bizarre move if there ever was one and one that finally discredited the Nobel Prize Committee. “Obama has now fired more cruise missiles than all other Nobel Peace prize winners combined”, this message has been widely retweeted all over Twitter today. He’s now joined the ranks of Henry Kissinger and other notable mass bombers, an elite club for the ages. Congratulations Barrack.


Digital Journal

March 31, 2011

The Bolivian President and a Russian political leader have launched a campaign to revoke Obama’s honour after the US attacked Libya. Liberal Democratic Party of Russia leader and Vice-Chairman of the State Duma Vladimir Zhirinovsky released a statement today calling for the Nobel Prize Committee to take back the honour bestowed on US President Barack Obama in 2009.

PRETTY COOL: Obama scores big points with military defense contractors.

Zhirinovsky said the attacks were “another outrageous act of aggression by NATO forces and, in particular, the United States,” and that the attacks demonstrated a “colonial policy” with “one goal: to establish control over Libyan oil and the Libyan regime.” He said the prize was now hypocritical as a result.

READ ARTICLE HERE

Libyan “Rebel Council” Forms Oil Company to Replace Qaddafi’s

March 30, 2011

Editor’s Note:  Please. Listen people, it’s time for a reality check. We’re going to just throw this out there for any of our confused readers who still believe- in their heart of hearts, that this attack on Libya is for humanitarian reasons. If you fall into this camp, well… you’ve been duped again. Iraq should have your wake up call, but we are aware that many people suffer from short-term memory loss. At some point, you will have to wake up and realise that powerful western financial interests are steering the economic takeover of these sovereign states, like parasites feeding off the resources of their new host. So we only ask that next time, when the sparks fly, watch as the players move in for the kill…


Bloomberg Financial reports:

Libyan rebels in Benghazi said they have created a new national oil company to replace the corporation controlled by leader Muammar Qaddafi whose assets were frozen by the United Nations Security Council.

The “Transitional National Council” released a statement announcing the decision made at a March 19 meeting to establish the “Libyan Oil Company as supervisory authority on oil production and policies in the country, based temporarily in Benghazi, and the appointment of an interim director general” of the company.

THE WESTERN PRIZE: Grabbing Liyba's resource assets at the point of production.

The Council also said it “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

The Security Council adopted a resolution on March 17 that froze the foreign assets of the Libyan National Oil Corp. and the Central Bank of Libya, both described in the text as “a potential source of funding” for Qaddafi’s regime.

Libya holds Africa’s largest oil reserve. Output has fallen to fewer than 400,000 barrels a day,Shokri Ghanem, chairman of the National Oil Corp., said on March 19. The country produced 1.59 million barrels a day in January, according to estimates compiled by Bloomberg. Exports may be halted for “many months” because of sanctions and unrest, the International Energy Agency said.

‘Extended Shutdown’

Brent crude for May settlement on the London-based ICE Futures Europe exchange fell 0.3 percent to $114.62 as of 8:50 a.m. It surged to a 2 1/2-year high of $119.79 on Feb 24 as geopolitical tensions spread throughout the Middle East and North Africa.

The European benchmark will average $109 a barrel this year, up from a previous forecast of $98, on expectations of an “extended shutdown” of Libyan oil supplies, Societe Generale SA said in a monthly review dated yesterday.

The statement by the Transitional National Council also said the rebels would “urgently prepare a file on the referral of Qaddafi and his gang and his associates involved in the killing of Libyans to the International Criminal Court.”

The Security Council referred allegations of human rights violations by the Qaddafi regime to the court in a resolution adopted on Feb. 26.

The statement said the council would begin choosing ambassadors to foreign countries.

The UN said yesterday that Deputy Ambassador Ibrahim Dabbashi, who broke with the regime last month and said he was then representing the rebels, was no longer Libya’s accredited ambassador. Ambassador Mohammed Shalgham, who also broke with the regime, similarly lost his accreditation when Qaddafi appointed former UN General Assembly President Abdussalam Treki as envoy to the world body.

Treki hasn’t presented his credentials yet to Secretary- General Ban Ki-moon, a prerequisite for officials taking the post.

LIBERALS WILLING TO TRADE BLOOD AND TREASURE FOR OIL AND MILITARY PROFITS

March 29, 2011

activist post
March 29, 2011

It’s perplexing to see a high level of support for the unprovoked bombing of Libya on so-called “progressive” websites. There has been an endless stream of humanitarian propaganda flowing from these sites trying to convince average liberals that the “human thing to do” is to rain down tomahawk missiles with depleted uraniumto bring freedom and democracy to an oppressed people. Huffington Post ran a piece by Ed Schultz titled Why I Support President Obama’s Decision to Invade Libya where he described his reasoning as follows:

“President Obama explained this won’t be a long-term operation… Matter of days, not a matter of weeks. Not even months… He’s (Obama) trying to give the rebels, those who want democracy, a fighting chance at just that and trying to stop Gaddafi –this is the human thing to do — from slaughtering his own people.”

By the very use of the word “invade” in the title, Schultz would seem to understand that the continued military support is likely to last for quite some time. Indeed, this was confirmed on Sunday morning when Defense Secretary Gates and Secretary of State Hillary Clinton hinted that the operation could indeed last for months, which seems to debunk Schultz’s main argument that it’s only a days-long conflict. This justification is reminiscent of Wolfowitz and Rumsfeld falsely stating that the Iraq war would be quick and easy — only cost a couple of a billion dollars that would be paid for by Iraqi oil.

Establishment progressives can no longer hide behind phony labels. They have officially joined the ranks of the War Party serving up American blood and treasure to support profits for the military-industrial complex and Big Oil, while compromising on austerity cuts at home.

Related: central bank of libya is 100% state owned