Bill, There is no doubt the past month
has been a pre-planned, coordinated attack on gold and silver. It has
been carpet bombed over and over, in a most conspicuous manner. There
has been NO attempt to be discreet, and the algo bombs are little more
than scheduled events for all to know. Anything that has a 90% chance of
happening at specific times might as well be listed in the TV Guide
programming. Since the CME curiously (at the time) lowered gold and
silver margins gold has dropped $120, and silver $5. In light of the
subsequent attacks that too looks very much coordinated. Think of it,
since late October ALL of these have had a 90% and above chance of
occurring:
* PM fix lower, or no higher than $5 than AM fix. * Smash on the Comex open. * Smash on the London close. * Smash on the post-Comex pit close. * Smash on the Comex access trade reopen.
If
any one of these anomalies had a 90% probability of occurring it would
be highly suspicious. The fact that is happening on FIVE different times
during the trading day takes it to the level of absurd beyond belief.
Michael Day:The Vatican has received a generous early Christmas present from
European Union chiefs with the announcement that illegal tax exemption
from 2006 to 2011, which saved the Catholic Church billions of euros,
will not have to be paid back.
Europe’s Competition Commissioner, Joaquin Almunia, said two years
ago that the Vatican’s exemption from Italian property tax, or ICI,
payments, on thousands of buildings, including 4,714 hospitals and
clinics, breached EU competition law. He suggested that the Church would
have to cough up the missing payments. But now the European
Commission has said that the Italian government had demonstrated that
clawing back the missed payments “would be absolutely impossible” given
how hard it would be to decide which properties in that period were
being used exclusively for commercial purposes. This year the
Italian government introduced a revised form of property tax, IMU, which
the Commission is satisfied will allow tax breaks only for purely
non-commercial buildings. As a result of the IMU, the Church’s tax bill
will increase – but not by as much as some of its critics would like.Source
Submitted by Tyler Durden:When people throw around "trillions" (and in
the case of Yen-denominated Japanese debt and/or total outstanding gross
derivatives, quadrillions) with the facility that mere billions was
being dispensed with as recently as 5 years ago, it is easy to lose
sight of the big picture.
So what is the big picture? Well, recall the following quote from Warren Buffet's letter to investors:
"Today the world’s gold stock is about 170,000 metric tons. If all of
this gold were melded together, it would form a cube of about 68 feet
per side. (Picture it fitting comfortably within a baseball infield.) At
$1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion....You can fondle the cube, but it will not respond."
Gold is now 7% lower, and even when netting incremental mining
production in the interim since this letter was written, one can roughly
say that the total value of all gold in the world is ~$9 trillion. In
other words, in 2013 the Fed, alone, excluding all the other central
banks, which as we pointed out earlier is vary naive, will conjure out
of thin air enough 1s and 0s, equivalent to $1 trillion, or enough money to buy 11% of all the gold in existence in the world.
RT:The UK has revealed that the cost of its involvement in the war in
Afghanistan has reached $27.6 billion, and may end up being as much as
$32.5 billion. Meanwhile, the UK continues to slash domestic social
services to reduce its budget deficit. UK Prime Minister David Cameron said that Britain has no plans to abandon Afghanistan: “We will be contributing £70m [US$113 million] a year to help pay for the Afghan National Security Forces.” The
UK recently announced an accelerated plan to withdraw 3,800 of its
9,000 troops from Afghanistan in 2013. However, like the US, the UK will
maintain an undisclosed number of soldiers in Afghanistan to help local
forces with security after NATO’s mission ends in 2014. "Because
of the success of our forces and the Afghan National Security Forces…
we'll be able to see troops come home in two relatively even steps –
2013 and 2014," Prime Minister Cameron told Parliament. At
least 438 British troops died during the UK’s 11-year involvement in the
widely unpopular and expensive war. UK opinion polls suggest that a
majority of British voters think the war is“unwinnable,” and would like to see the soldiers come home ahead of schedule. And
while the UK continues to spend money in Afghanistan, even past the
2014 mark, vital domestic services are being cut. Public spending in
2011 and 2012 dropped by 1.58 per cent ($17.5 billion)
By Jim Sinclair: We were discussing gold over dinner. It sure looks like the elitists are about to attempt the great train robbery in gold. All the rumors are crap. This is the biggest manipulative play in
gold ever. The only good part is as soon as the criminals have their
positions filled, we are off to $3500 and above. The following is a video of our discussion
Two Texas women have filed a federal suit against two state troopers and
their department head after being forced to undergo a humiliating
"roadside body cavity search" during a routine traffic stop in July.
Max Keiser and Stacy Herbert look at the shootout at the OK Bond Corral as sovereigns battle Wall Street - which in turn battles state pension funds - for the same piece of infinitely re-hypothecated garbage collateral. In the second half, Max Keiser talks to hedge fund manager and 'Planet Ponzi' author Mitch Feierstein about the bond market, central bank-induced deflation and the London property market.Source
RT:Israeli army attacksonjournalists and media centers in Gaza during
last month’s military operation violated the laws of war, Human Rights
Watch has said. Two Palestinian cameramen were killed and at least 10 media personnel
were wounded during the conflict. Four media facilities and four
private companies were also damaged, and a two-year-old boy who lived
across the street from one of the buildings was killed by the IDF
attacks, the organization said. After examining the targeted sites
and interviewing witnesses, HRW concluded that there were no signs that
any of the journalists and media sites hit were valid targets.
Submitted by Tyler Durden: Last year's AmeriCatalyst interview
with Kyle Bass provided much more color than the normal 30-second
soundbites that we are subjected to when serious hedge fund managers are
exposed to mainstream media. This year, Bass was the keynote speaker
and in the following speech (followed by Q&A), the fund manager
provides 60 minutes of eloquence on the end of the grand experiment and
its consequences. From Money Printing and Central Bank Balance sheets to
Japan and the psychology of the current situation - which in many cases
trumps the quantitative data - the question remains, "when will this
unravel" as opposed to "if?"; Bass provides his fact-based heresy against the orthodoxy of economic thought "On The Financial Nature Of Things" extending well beyond his recent note. Must watch (there's no football or X-Factor on tonight).
Make sure to stay tuned to the last 2 minutes when Kyle succinctly sums up our society... Clip not embeddable - click image for jump to YouTube. Source
By Madison Ruppert: Nevada State Senator Don Gustavson introduced a bill in the Nevada
State Legislature on Dec. 9, 2012 in an attempt to push back against the
National Defense Authorization Act (NDAA). The bill, BDR 728,
also known as the Nevada Liberty Preservation Act, is an effort to
preserve the right to due process, formerly protected by the
Constitution and later stripped away by Sections 1021 and 1022 of the NDAA (a fact which was confirmed in federal court in a landmark ruling that was quickly overturned in an appeals court). Both the 2012 and 2013 versions of the NDAA include the indefinite
detention provisions. In fact, the newest version makes it even easier
to indefinitely detain Americans without charge or trial. It is unclear at this point if the bill is aimed at fighting the
specific version of the NDAA signed into law on December 31, 2011, known
as the National Defense Authorization Act for Fiscal Year 2012, or the
2013 NDAA. That being said, the press release
from the Nevada chapters of People Against the National Defense
Authorization Act (PANDA) solely mentions the 2013 NDAA and the 2013
version has not yet been signed into law.
RT: The cyber world is abuzz with speculation about possible topics of an
upcoming speech by the WikiLeaks founder. Julian Assange is due to
appear on a low-level balcony of London’s Ecuadorian Embassy at 19:00GMT
Thursday to deliver his Christmas speech Not much is known about the subject of Assange’s address, but he
recently confirmed intentions to run as a candidate for the Australian
Senate in 2013. Speculation is also rife that he will use the occasion
to officially launch a WikiLeaks political party. WikiLeaks'
Twitter has taken on a festive spirit ahead of the Australian’s public
appearance, tweeting, “Julian Assange to give Xmas speech at Ecuador
Embassy. Bring candles & come enjoy some mulled wine!” RT tried to catch some insight into what the address might cover by catching up with WikiLeaks spokesperson Kristinn Hrafnsson. RT: Should we be prepared for any major announcements tomorrow? Kristinn Hrafnsson: I’m hesitant to give anything away. I do not want to take
away the element of surprise. But he might be talking about his
political ambitions in Australia in the coming election next spring. He
might also talk about the recent development in our battle against the
economic blockade where there was a very important development earlier
this week.
Santa, please, please, please strangle the idiotic fantasy that Americans
buying a bunch of junk (or gift cards for after-Christmas purchases of junk)
will "save" the imploding U.S. economy. My Christmas wish to Santa: please let this be the last Christmas in America
that is dominated by the propaganda that holiday retail sales have any more impact on the
$15.8 trillion U.S. economy than a moldy, half-eaten fruitcake left over from 2009.
Fact: the 2012 GDP of the U.S. is about $15.8 trillion.
(BEA estimate)
Gross Domestic Product, 3rd quarter 2012.
Fact: total holiday retail sales are expected to reach $586 billion this year.
Holiday sales--National Retail Federation.
That means holiday retail sales are a mere 3.7% of the U.S. GDP. Despite the Financial
and Mainstream Media's pathological obsession with holiday retail sales numbers
as proxies for the "health" of the entire U.S. economy, holiday sales don't
really change much:
2007: (pre-recession) Holiday sales: $516 billion
Holiday sales as percentage of annual retail sales: 19.5%
2008: Holiday sales: $495.5 billion
Holiday sales as percentage of annual retail sales: 18.6%
2009: Holiday sales: $504.8 billion
Holiday sales as percentage of annual retail sales: 19.4%
So the start of the 2008-09 recession saw a drop of $21 billion in
holiday sales: statistical noise in a $14.7 trillion economy (2009 GDP).
Now the propaganda machine is cranking up to announce that a 4%
increase in holiday retail sales means the U.S. economy is off and running.
Bill, There is no doubt the past month
has been a pre-planned, coordinated attack on gold and silver. It has
been carpet bombed over and over, in a most conspicuous manner. There
has been NO attempt to be discreet, and the algo bombs are little more
than scheduled events for all to know. Anything that has a 90% chance of
happening at specific times might as well be listed in the TV Guide
programming. Since the CME curiously (at the time) lowered gold and
silver margins gold has dropped $120, and silver $5. In light of the
subsequent attacks that too looks very much coordinated. Think of it,
since late October ALL of these have had a 90% and above chance of
occurring:
