A Dummies’ Primer On The Debt Deal, Credit Downgrade, Market Selloff, And Gold

A Dummies’ Primer On The Debt Deal, Credit Downgrade, Market Selloff, And Gold

Wakey, Wakey, America.  Judge Napolitano gave a very easy to understand explanation today of the trick the ‘big government‘ party just played on the American public with the debt deal and why events such as the credit downgrade and market fluctuations are occurring.  This information is intended for those newly awakened Americans who are just starting to realize that our debt is unsustainable and need to understand why.  Regular Monster readers can feel free to send this viral, and please make sure to let them know that our debt is our greatest national security threat.

I have transcribed the entire 4:36 minutes for those that want to send the hard copy viral instead of just the video.  Yes, it’s that good.  (H/T Patriots Network.) (more…)

Gerald Celente, 4.21.2011: The Current Depression

Gerald Celente, 4.21.2011: The Current Depression

Here is the latest from Gerald Celente on 4.21.2011 about the dumbing down of America, the electronic trillions being dumped into the economy, the price of gold, the economic fascism  that has occurred, the dollar devaluation, our current economic depression and how to prepare and survive the globalists’ destruction of our way of life.

Gerald Celente: Prepare, Survive and Prevail – Alex Jones Tv 1/2

Gerald Celente: Prepare, Survive and Prevail – Alex Jones Tv 2/2

First American Gold ATM Opens in Boca Raton, Florida 12.17.2010

One has to wonder if Ben Bernanke and his crew of pirates are expending precious grey cells working out a way to corner the gold market since average American moos are now using a new gold ATM in Boca Raton, Florida (and awaiting one in Las Vegas)?

Gold ATM lands in Boca Raton

NEW YORK (CNNMoney.com) — Ever felt the need to exchange greenbacks for gold bullion while finishing your holiday shopping?

Well, now you can. Just head on down to Town Center Mall in Boca Raton, Florida, where America’s first gold dispensing ATM opened for business on Friday.

All you have to do is enter near the Neiman Marcus, hang a right toward the food court, and you will see the gold plated-vending machine near the candy store. Seriously.

The ATMs, designed by a German company called Ex Oriente Lux AG, are already operating in over 15 locations worldwide including Germany, Spain, Italy and Abu Dhabi.

The ATMs, which dispense gold coins and bars weighing up to eight ounces at prices updated every 10 minutes based on the real-time spot price of gold, churn out 20 to 100 gold pieces a day depending on traffic.

The Myth Of A Gold Bubble

Very useful information on the price increases of gold and silver, and the myth of a gold bubble from National Inflation Association.  I’ll give you one guess who is behind it…

September 20, 2010: Gold and Silver Are Sounding The Alarm

October 2, 2010: Gold and Silver Prices Signal the Destruction of the Dollar

October 8, 2010: Gold and Silver Correction Happening Now!

FreedomWatch: The Empire Of America, 9.4.2010

The Judge covers all the elements of the American Empire that has grown over the decades. He then covers the new tracking and taxing of gold sales, our pathetic education system, and the unions.

Part 1:

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G. Edward Griffin Speaks To Ron Paul’s Requested Audit Of The US Gold Supply

G. Edward Griffin speaks to the legislation that Ron Paul is going to be introducing to audit the gold in Fort Knox and the NY Fed.  Ron Paul realizes that he has the American people on his side right now considering the events he wants to see happen from abolishing The Fed (because of the fiat debt situation), and the CIA (because of the drug trafficking) to the audits.

Part 1:

Part 2:

Glenn Beck, 9.1.2010: Re-education Camps Already In America (Universities)

Glenn starts this program with how we have approached the economic ‘insanity stop’ on the alert system as people like George Soros are moving their money into gold. He then goes on to explain a story about a tenured professor and a researcher from the University of California (San Diego) who want to ‘dissolve America’, and are using taxpayer dollars to achieve their goal.  Please be warned; duct tape needed.

UCSD Professors: Dissolve U.S. — Give GPS Phones With Explicit Poetry to Illegals for Border Crossing

Obamacare: More Tracking Information For The Government Tax Collector

Remember Empress Pelosi?

She was actually speaking the truth about passing the Obamacare atrocity so that there is a complete and total bill that we can read to find goodies like the expansion of the 1099 Tax Law.  Please keep in mind the bigger picture of tracking everything the self-employed and small businesses buy and sell throughout the year.  Do you really want the government having the knowledge of how to tweak Obamacare to wring out the maximum amount of coinage from your pockets?

Gold Coin Sellers Angered by New Tax Law

Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions

Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.

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Hedgefund Managers’ Purchase of Gold Rivals World Central Banks

Hedgefund Managers’ Purchase of Gold Rivals World Central Banks

Is it any wonder that average Americans are a bit confused by the mixed signals we are receiving from TPTB via their media lackeys?  Hedgefund managers are buying up gold at a rate that rivals world central banks, yet we are ‘in recovery’?  Add to this the fact that nobody seems to know what is happening in markets that are behaving erratically.  Could it be that there is more than two competing interests trying to manipulate the decline?

Gold Rising as Euro Weakens Spurs More Speculation (Update2)

May 24 (Bloomberg) — Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920.

Exchange-traded products backed by bullion added 41.7 metric tons in the week to May 14, the most in 14 months, data from UBS AG show. China, Australia and the 15 other largest mining nations averaged weekly output of 41.6 tons last year, researcher GFMS Ltd. estimates. Even though prices have fallen 5.1 percent to $1,185.30 from a record $1,249.40 an ounce May 14, the median in a Bloomberg survey of 23 traders, analysts and investors shows it will reach $1,500 by the end of the year.

Buying accelerated as the MSCI World Index of 23 developed nations’ stocks tumbled as much as 16 percent since mid-April and the euro weakened to a four-year low against the dollar. Holders of ETPs, including George Soros and John Paulson, accumulated a record 1,938 tons by May 21, eclipsing all but four of the biggest central-bank holdings. (emphasis mine)

*break*

“People are afraid of the debasement of all the currencies,” said Peter Schiff, president and chief global strategist for Darien, Connecticut-based Euro Pacific Capital, whose clients have more than $2 billion in assets. “What’s surprising is that gold is still as low as it is,” he said, predicting $5,000 to $10,000 an ounce in the next five to 10 years.

Since the last week of April, ETPs have been adding bullion at a pace not seen since the first quarter of 2009, in the wake of the collapse of Lehman Brothers Holdings Inc. Buying rose as European policymakers agreed on an almost $1 trillion emergency loan package to prevent sovereign defaults.

*break*

Central Banks

Muenze Oesterreich AG, the Vienna-based mint that makes the Philharmonic, the best-selling gold coin in Europe and Japan, on May 12 said it had sold 243,500 ounces since April 26, more than the 205,300 ounces sold in the entire first quarter.

Central banks and governments are also buying gold, adding 425.4 tons last year, for a combined 30,116.9 tons, the most since 1964 and the first expansion since 1988, data from the World Gold Council show. Official reserves of central banks and governments may expand by another 192 to 289 tons this year, according to CPM Group, a research and asset-management company in New York.

*break*

Billionaire John Paulson’s New York-based Paulson & Co. hedge fund is the SPDR gold trust’s biggest investor, with 31.5 million shares, or about 96 tons, a May 17 regulatory filing showed. Kyle Bass, the head of Dallas-based Hayman Advisors LP who made $500 million in 2007 on the U.S. subprime collapse, bought gold this month, according to a letter to clients.

Buying at the start of a bubble is “rational,” Soros said in January. His New York-based Soros Fund Management LLC was the sixth-biggest investor in the SPDR fund in the first quarter, a May 17 filing with the Securities and Exchange Commission shows. He trimmed his holding by 9.6 percent from the previous quarter.

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