"In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss the EBT 'free lunch' card chaos at Walmart when an 'unlimited' benefits glitch causes card holders to pile shopping carts high with 'free' goods, while on Wall-Street, the 'free lunch' card of Quantitative Easing has caused a similar misallocation of capital into property and toxic debt instruments. Finally, they discuss the world about to shut off America's 'free lunch' card, otherwise known as the Exorbitant Privilege' of having the world's reserve currency. In the second half, Max interviews Alasdair Macleod of GoldMoney.com about the $640 million sell order of gold. They also discuss Alasdair's new theory on money supply (FMQ) and his differences with Professor Fekete, a recent guest on the Keiser Report, regarding whether or not there is deflation."
We continue to follow The Crime Of The Century - Gold market manipulations. Today we have Max Keiser who investigates with Alasdair Macleod the 640 million Sell order of Gold which disrupted the trading session on Friday 11th and was supposed to Kill the rest of the confidence in Gold safe heaven status. Chinese are not buying into it any more and moving fast now with their state level long term plan of diversification its Reserves out of US Dollar denominated assets.
Gold Catalyst: 9 Signs That China Is Making A Move Against The U.S. Dollar GLD, MUX, TNR.v, GDX
"Michael Snyder provides a great summary of the latest developments with China and former Reserve Currency Of Choice - US Dollar. All pieces are coming together now in this "Art of War" - state level long term implementation of plan for China Peaceful Rising. West distracted by corruption, wars and created Debt is losing its grounds to the East with every Gold bar shipped to China now."
Andrew Maguire: Gold Smashdown, FED Defends The Dollar And How Goldman Sachs Operates. GLD, MUX, TNR.v, GDX
"Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 0.80 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.
All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now."
Have You Sold Your Gold?
Gold Catalyst: Chinese agency downgrades US credit rating GLD, MUX, TNR.v, GDX
"We have the downgrade of the US rating where it matters most: by the Buyers of US IOUs. S&P or Moody's will not dare to make the move as DOJ was very fast to remind S&P who is in charge, but Fitch this time was more following the real mess coming out of Washington, DC with its Negative Watch for US rating.
Now the desire of China to buy all available physical Gold can be put into perspective of long term state-level planning to diversify its currency reserves out of US Dollar based assets."
McEwen Mining & TNR Gold: Las Bambas Copper Bidding From China Heats Up TNR.v, MUX, LCC.v, GDX, CU
“It is a good choice to invest in mining assets, which is a much better choice than investing in one government’s bonds – especially when this country cannot guarantee to pay even its own employees”
2 comments:
I wonder if you could give some information about the source of that chart, USD Relative Purchasing Power (1913-2011). I tried to follow the link but got an error--it's from an ftp site that I probably can't access. Anyway, what is it this purchasing power relative to? It appears to be on a scale starting at 100 and decreasing over time. I guess it's against a basked of goods over time and is basically measuring inflation, I would think. Which is to say, for example, according to the chart, if you could buy a week's worth of groceries for x in 1913 relative to your weekly income, that is costing you 20 times that now relative to your income. I say 20 times, since it looks like the chart is around the 5 cent area, i.e., 100 divided by 5 is 20.
Hi, thank you for stopping by!
It is based on US Dollar purchasing power from the FED inception in 1913.
Best.
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