TedWeir

You have to ask why this is happening. Is it somehow by conscious purpose or is it just that the stupidest, greediest and most ruthless people are running things inside the country?

Originally Posted by TedWeir

(Reuters) - Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.
The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian, Swiss and U.S. authorities after a year-long investigation, an Italian police source said.
It began as a investigation into mafia loan-sharking, but gradually expanded as prosecutors used telephone and computer intercepts to unearth evidence of illegal activity surrounding Treasury bonds.
The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks.
The U.S. Embassy in Rome thanked the Italian authorities and said the forgeries were "an attempt to defraud several Swiss banks."

Read more here

Originally Posted by TedWeir

from the video:


"I keep hearing people on television saying people aren't buying gold because of inflation," said Schiff. "Gold is a safe haven from inflation."

Schiff noted that many are still skeptical of buying into gold, citing widespread fear of a bubble ready to pop. He believes, however, that prices are only going to be higher. Schiff said he was right about this before and he is right about this now.

Schiff told RT that the only thing people have to worry about is the devalue of currencies, which continue to go down in value while gold only goes up. "It's not a bubble because gold is not going up," said Schiff. It's paper currency, according to him, that's just losing value. "Gold is simply letting you know that it's occurring."

Originally Posted by TedWeir

From Goldbggr:

Apologies to the Great Dennis Gartman

- Market trading technicals have been severely tested across all financial instruments

-Marauding trader groups (hedge funds, investment banks, deep pockets of the world's ruling-owner elite) are pushing for capitulation in every corner seeking to unhinge and unseat what remains of independent and weaker investors and traders.

-Short attacks are common place with the dark pools doing much of the 'painting' and Miss&Dis-information distribution masters manipulating the markets and media. IMO
BUT after all is said and done today what has actually changed fundamentally with the picture:

1. The world's finances are an utter disaster
2. Fiat currency valuations are purely fear driven
3. Banks have been adding gold at fast rate

So IMO Dennis wrong period. Unless you want to trade this market. This is big mistake IMO. What do you think?

...

Originally Posted by TedWeir

The comedy of the financial transition to the new world...

Hysterical AND RIGHT ON!

Go Max Keiser

T

Originally Posted by TedWeir

Interesting view from Jay as always.

There are a number of intellectual gems in this article that warrant a little due diligence by us all, All the chatter about what will happen around money and gold has all centered on inflation as the loss of value.

Jay, in saying deflation will increase gold's value, adds to our understanding of what's going on. There is no real conflict with the prevailing view of gold being a protection against inflation.

The real view, implicit in gold's aura is that the problem is money itself—and its governance, hence trustworthiness, of the whole 'class of bankers' and there relation to their actual utility and true place in our emerging world.

Gold is EVERYONE'S Standard

G

'Deflation in US to create boom in junior gold stocks'—Jay Taylor

Jay Taylor believes the biggest challenge facing the U.S.—deflation—could mean a better year, or even decade, for junior Gold

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Originally Posted by TedWeir

"Gold is a safe haven and a hedge against political, financial & economic mismanagement and stupidity."
Duh.
Japan is looking forward and building strength in its bond investors and reducing risk for bond purchasers. USA and Europe should take heed IMO. The comong 'super-crash' will wipe out far to many for recovery to be anything but weak.

T



‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times

Excerpt from Gold Core:

...
The likelihood of further downgrades of hitherto risk free government debt, including France and even Germany, is bullish for gold. Gold cannot be downgraded or debased by politicians or central banks.

Indeed, the sort of economic and political mismanagement we see today is what gold thrives on and should lead to further gains in 2012.
Gold is a safe haven and a hedge against political, financial & economic mismanagement

...

Originally Posted by TedWeir

Ah the dance of truly amazing stupidity continues... BUT we all know they cannot fix this—THEY HAVE TO LET IT GO, otherwise it will not heal. The cancer (out-of-control American and European banking and the owners of those tumors) and the doctors (politicians making out large while keeping the comatose heart beating) keeping the patient alive (us all) must be pushed aside as they do not seem to be willing to think properly.

T

Excerpt repost from Zerohedge:


US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus


It appears that central bank intervention was not the only thing in full force today: The US version of the Chinese Ministry of Truth in economic reporting has now officially joined the fray. Anyone wondering just how much of a joke the US high frequency economic data updates have become should look no further than these three charts showing Wall Street

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Originally Posted by TedWeir

Bankers and Politicians running scared of the conditions which they created and the people—the 'brilliant idiots' swollen with greed who designed, benefited by and remain free of all charges of malfeasance—they protect as their true overlords...

excerpt from zerohedge:

As expected, the Fed has just bailed out the world once again:

• FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG
• ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS

And as we have been writing every single day, the worldwide dollar crunch is now confirmed:

• At present, there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar

And finally, a promise to bailout Bank of America when it hits $4.00 again:

• U.S. financial institutions currently do not face difficulty obtaining liquidity in short-term funding markets. However, were conditions to deteriorate, the Federal Reserve

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[QUOTE=TedWeir;202591]Gold producers should also be saving a portion of their production... to sell in the next run up!

Excerpt from: King World News Blog

Billionaire Eric Sprott Asking Silver Producers to Save in Silver

...“It’s hard to define it, who knows? I mean if you had a printing scenario you have no idea where the price of gold goes because you have no idea how much they are going to print. If you had a total bust and people feared the banking system and started buying gold, I have no idea what they would take the price of gold to because, of course, by that time all of the currencies would almost be worthless as well.”