Tuesday, October 18, 2016

Euro “Will Collapse” As Is “House of Cards” Warns Founder of Euro

The Euro "will collapse" as it is a"house of cards" warned Otmar Issing, the founder and creator of the euro in an extraordinary interview on Monday.
euro_drachmaPaper currency - Euro paper notes and Greek drachma note
In the explosive interview with the journal Central Banking, Professor Issing, said "one day, the house of cards will collapse”  as the European Central Bank (ECB) is becoming dangerously over-extended and the whole euro project is unworkable in its current form.
The founding architect of the monetary union has warned that Brussels' dream of a European superstate will finally be buried amongst the rubble of the crumbling single currency he designed.
“Realistically, it will be a case of muddling through, struggling from one crisis to the next. It is difficult to forecast how long this will continue for, but it cannot go on endlessly," he told the journal Central Banking in a remarkable deconstruction of the EU project.
The respected economist launched a withering attack on so called eurocrats and German Prime Minister Angela Merkel, accusing them of betraying the principles of the euro and demonstrating scandalous incompetence over its management.
And he savaged the whole idea of a federal "United States of Europe", saying the attempt to push through federalisation in a stealth manner "by the back door" has turned the very foundations that the currency was built on into a complete mess of patchwork legislation, into which it is sinking fast.
As is frequently the case when there is substantive damaging criticism about the EU and ECB from respected and authoritative sources, the interview was treated in quite an Orwellian manner. It completely ignored and not reported by most state run media in Ireland, the UK and EU.  Most state run media is overwhelmingly pro-EU and continues to ignore the serious problems and growing risks posed by the single currency and the undemocratic EU to the citizens of Europe. Nor was it reported in most corporate media in the EU which also tends to ignore all reasonable criticisms of the EU, ECB and especially the euro.
The explosive interview has been covered extensively in the more "right wing" euro "skeptic" media in the UK in papers such as The Telegraph and The Mail which means that most people in the EU will not even be aware of Otmar Issing's very real and reasonable concerns and the growing risks posed to the currency they use in their lives every day and their very way of life.
gold in euros_2016Gold in Euros - 5 Years
The coming collapse of the euro is seems inevitable. The question is when rather than if. It gives us no pleasure to say so as the collapse of the euro  will be financially painful for family, friends and people and companies in all EU nations.
The euro has even greater challenges than sterling which has collapsed more than 43% against gold this year. It is only a matter of time before market participants and foreign exchange traders' focus, moves from sterling to the 'not so single' euro. Then the euro will see a similar depreciation and devaluation in the coming months.
Gold will again fulfill its primary role which is as a hedge against currency devaluation. As it has done in the UK and many other nations in recent months and indeed has done throughout history.
Gold and Silver Bullion - News and Commentary
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Gold Prices (LBMA AM)
18 Oct: USD 1,261.65, GBP 1,031.15 & EUR 1,145.33 per ounce
17 Oct: USD 1,252.70, GBP 1,029.59 & EUR 1,139.58 per ounce
14 Oct: USD 1,256.15, GBP 1,028.79 & EUR 1,140.08 per ounce
13 Oct: USD 1,258.00, GBP 1,029.93 & EUR 1,141.76 per ounce
12 Oct: USD 1,255.70, GBP 1,024.53 & EUR 1,139.05 per ounce
11 Oct: USD 1,256.40, GBP 1,021.58 & EUR 1,130.76 per ounce
10 Oct: USD 1,262.10, GBP 1,016.62 & EUR 1,129.71 per ounce
Silver Prices (LBMA)
18 Oct: USD 17.65, GBP 14.37 & EUR 16.03 per ounce
17 Oct: USD 17.40, GBP 14.30 & EUR 15.83 per ounce
14 Oct: USD 17.47, GBP 14.28 & EUR 15.86 per ounce
13 Oct: USD 17.59, GBP 14.40 & EUR 15.95 per ounce
12 Oct: USD 17.44, GBP 14.23 & EUR 15.83 per ounce
11 Oct: USD 17.48, GBP 14.26 & EUR 15.78 per ounce
10 Oct: USD 17.78, GBP 14.31 & EUR 15.92 per ounce

Recent Market Updates
- Property Bubble In Ireland Developing Again
- “Gold Is A Great Hedge Against Politicians” – Goldman
- Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold
- Gold In GBP Up 43% YTD – “Massive Twin Deficits” To Impact UK Assets
- Ron Paul Says “Gold Going Up” Whether Trump Or Clinton Elected
- Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming”
- Currency Shock Sees Sterling Gold Surges 5% In One Minute “Flash Crash”
- Top Gold Forecaster: “As Quickly As Gold Fell” May “Rally Back” on Global Risks
- Gold Buying ‘Opportunity’ After Surprise 3.4% Drop
- Deutsche Bank “Is Probably Insolvent”
- GBP Gold Rises 1.3% as Sterling Slumps On ‘Hard Brexit’ Concerns, Up 36% YTD
- Why Krugman, Roubini, Rogoff And Buffett Hate Gold
- ECB Refused “To Answer Questions” – Deutsche Bank “Systemic Threat” Is “Not ECB Fault”
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Sunday, October 16, 2016

Russia key player US Democrat War on Intelligence for Election

The war on intelligence is in full swing.  It's game time.  They've been planning this for years.  As we explain in Splitting Pennies, the world isn't as it seems, in fact - the world is a great big illusion to many.
In case you're not following this trend, since the 1980's the Elite in America have invested heavily in what one expert calls the "Dumbing Down" of Americans, basically, a coordinated effort to make Americans stupid.  To get the gist of this program, you'll want to checkout this book The Deliberate Dumbing Down of America.  It lays the groundwork for what decades later will become full scale intelligence warfare - it's the war for your mind.  You see, the Elite, as rich and powerful as they are - they don't force anyone to do anything, physically.  There's this pesky thing now, called "FREE WILL" and sadly, few choose to follow this (they prefer, to do what is told to them on TV, or have their opinions formed for them).
Being covered here on Zero Hedge in an unprecedented fashion, never before have we seen the inner workings of how the Elite manipulate elections in America.  During previous presidential elections, there wasn't such internet penetration.  Also, the majority of people now carry smartphones, able to capture odd moments, or record 'secret' conversations, like this election official admitting to busing voters around to vote again and again.
There's two issues high level planners are using to manipulate the vote.  But let's give credit where credit is due.  They're doing a great job, but at the consent of voters - and most of this 'manipulation' is actually legal.  They are preying on the general stupidity and laziness of people.  The first issue, is the artificial 'race war' that's being created - that's a topic for another article.  The second issue, is the perceived threat of Russia.  Russia never was a threat and never will be, economically, militarily, or otherwise.  But it has throughout history, from time to time, served as a convenient enemy (such as during the 'Cold War').  Where to begin?  
Wall Street has long had a unique and fascinating relationship with Russia.  Currently, Wall St. dominated by Russian programmers (physically that is, they live and work in NY).  This relationship was most interesting however, when a group of Wall St. Bankers saw opportunity in revolution, and provided needed financing to a group of rag tag intellectuals known as the Bolsheviks.  If you're not up to date on this situation, this book is a MUST READ: Wall Street and the Bolshevik Revolution.  Not only does this book tell the tale of how Wall St. financed what would later become the Soviet Union, it also serves as a good example of 'how the world really works.'
Today's topic is more artificial - there's no situation with Russia.  It's completely contrived.  The Democratic party, in collusion with the entire establishment against Trump, has created a situation where "Russia is Bad" playing on the fears of older boomers who remember sitting under their desks in school during bomb raid drills.  Even though many have grown up to realize it was all lies during the Cold War - not all have.  And even those smarter boomers have deep seeded mistrust of Russians in the back of their subconscious planted long ago, by the social control mechanism.
Point 2.  It's impossible for Russia to 'hack' the election and fix the results.  But, this is a meme that needs to be implanted because it's actually the DNC that's planning to fix the elections, with their establishement friends at Diebold.
Point 3.  Trump has no business with Russia.  The threads they weave to build this link are so weak they are almost silly.  Trump sold a property to a Russian oligarch in Palm Beach.  He has sold thousands of properties, in New York and South Florida, statistically, any number of those properties could be Russian owned.  There are 3.3 MILLION RUSSIAN-AMERICANS this is not a small number.  Unlike previous generations of immigrants, modern Russian-Americans may keep ties to Russia especially with family.  It's actually surprising that Trump hasn't done MORE business with Russians in America, especially regarding properties, as this has been one demographic that's been naive to the real estate bubble, snapping up high end properties in NYC, Miami, and LA.  It looks as though, journalists were 'told' to make a connection, and then it was regurgitated throughout the establishment controlled media.
So what is their game?  Problem-reaction-solution.  What's the problem?  Russia wants to take over the world (or something like that, but since Soviet Union collapsed this argument is very weak).  What is mostly people's reaction?  Fear, confusion, and flight to safety - or at least, perceived safety.  What's the solution?  An establishment character, a 'Clinton.'  Bill Clinton was in office at a time when the Soviet Union collapsed, and was highly disorganized.  Of course, just like we said in previous articles, Bill Clinton was not responsible for the boom of the 90s, and he wasn't responsible for a weak Russia.  But the way this social control paradigm works, it works on subtle references, subliminal messages, deeply implanted subconscious memes - and when you hear a 'bell' you raise your right hand and say "I pledge allegience to the flag of the United States of America, and to the republic for which it stands.."
Trump is being painted as a traitor - an anti-American, Pro-Russia (which means, pro-Criminal in their programming speak).
Russia Slams "Unprecedented, Insolent" US Cyber Threats, Vows Retaliation  This is perhaps the most embarrasing, ridiculous moment for a Vice President who is helping the democratic party get another one of their own elected, by being a key player in this anti-Trump/Russia meme.  WARNING - TO THOSE READERS WHO HAVE CHILDREN, YOU MAY WANT TO CENSOR THIS CONTENT AS IT CAN LEAD TO ADULT-STUPIDITY.
Russia in this case is a bystander, they're just again a convenient enemy.  But are they really?  As we've seen in the complex black hole Syria, the enemy of my enemy, is my friend.  It wouldn't be surprising if Democrats had a deal with the Kremlin, 'look mean - wave your arms around, speak in large words with a loud voice' and the translator inserts in English "I will destroy American Culture, burn your villages and steal your potatoes!"

To clarify, Russia is not a threat to US democracy.  Russia has severe problems of its own.  Russia is not going to hack the elections.  Russia is being used as a 'proxy issue' in order to confuse voters into voting for Clinton, the establishment candidate. 
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Thursday, October 13, 2016

Noam Chomsky Explains How He Was Banned From Mainstream Media

I recently watched the recent Noam Chomsky documentary, Requiem for the American Dream, and it was excellent. I highly recommend everyone watch it since it provides a historical roadmap for how positive change happens. Lessons that we will all need to put into practice in the coming years if we want to take the world off its current collision course with disaster.
With Chomsky already on my mind, I was excited to see an article published yesterday at AlterNet titled, Noam Chomsky Unravels the Political Mechanics Behind His Gradual Expulsion From Mainstream Media.
Here’s what we learned:
Ralph Nader and leading linguist Noam Chomsky engaged in a much anticipated discussion in early October on Ralph Nader Radio Hour. The two raised questions about changing the media narrative in a totalitatian-like state, and how Chomsky got dismissed from the mainstream altogether.

“How often have you been on the Op-Ed pages of the New York Times,” Nader asked Chomsky.

For Chomsky, the last time was over a decade ago.

“[I was asked] to write about the Israeli separation wall, actually an annexation wall that runs through the West Bank and breaking apart the Palestinian communities… condemned as illegal by the World Court,” Chomsky told Nader.

Chomsky would later pen a similar piece for CNN on the 2013 Israeli-Palestinian peace talks. But Chomsky has never been interviewed on the network; Nor has he appeared on NBC, ABC or CBS.

“How about NPR and PBS, partially taxpayer-supported.. more free-thinking and more tolerant [outlets]?” Nader wanted to know.

“I’ve been on ‘Charlie Rose’ two or three times,” Chomsky told Nader, adding that he had a curious story about a particularly Boston outlet for NPR based in Boston University.

“They used to have a program in their prime time news programs all things considered some years ago at 5:25… maybe once a week or so, a five-minute discussion with someone who had written a new book and there’s a lot of pressure,” Chomsky began.

NPR was going to allow Chomsky to present his book, “Necessary Illusions: Thought Control in Democratic Societies” (1989).

“I  got a call from the publisher telling me when I should tune [in at 5pm] and I never listened [before], so I tuned in [and] there was five minutes of music… I started getting phone calls from around the country asking ‘What happened to the piece?'” Chomsky remembered.

He didn’t know.

“I then got a call from the station manager in Washington who told me that she’d been getting calls and she didn’t understand it because it was listed… she called back saying kind of embarrassed … that some bigwig in the system had heard the announcement at five o’clock and had ordered it cancelled,” Chomsky explained.
This is not what a free press looks like.
The irony of Chomsky’s media criticism being dismissed by the media is not lost on the former MIT professor, who remains constantly awed by America’s level of censorship.

“Any one of the former Bush-Cheney warmongers like Paul Wolfowitz and John Bolton and others have gotten far more press after they’ve left federal positions; in the New York Times The Wall Street Journal the Washington Post,” Nader said.

And unlike Chomsky, “They’ve been on television public television, NPR and they have a record of false statements; they have record of deception, they have record of pursuing policies are illegal under our Constitution under international law and under federal statutes such as criminal invasion of Iraq and other adventures around the world,” Nader pointed out.

But the media problem permeates thouroughly throughout other industries, like education and government.

“Now a society that operates in a way where propaganda is not only emanating from the major media but it gets into our schools, the kind of courses are taught, the content of the history, is a society that’s not going to be mobilized for its own survival, much less the survival of other countries whose dictators we have for decades supported to oppress their people,” explained Nader.
Below you can find Nader’s full interview of Chomsky as well as the trailer for the documentary, Requiem for the American Dream.


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    Fed Policy - The most significant TRUMP card for the markets remains unknown

    While markets wait for the election, getting closer by the day- one big question - in fact maybe the most important question - What is Trump's plans (if any) for Fed policy?  As we explain in Splitting Pennies - Understanding Forex - Fed Policy (Monetary Policy) TRUMPS any regulation, domestic political policy, corporate policy, or social movement.  In fact - the only thing more powerful than Fed policy is a nuclear arsenal (which is why - there is a correlation between the most powerful currencies and the most powerful militaries).
    The BIG Question
    Even TRUMP supporters don't know the answer to this question - because Trump never explicitly said it.  Maybe Trump doesn't understand Fed policy.  He is sure of himself that he understands debt.  Maybe he does know - but also knows that the people don't know so it's pointless to talk about it.  Whatever is the case - we don't know where Trump stands on the one issue that will determine America's economic fate one way or another - Fed policy.  Will the Fed continue Quantitative Easing?  Will radical Fed policies clean up a junk filled economy (for example, by raising rates to 10%) ?  Will Trump nationalize the Fed?  (Maybe - that's what the Elite are worried about!) - Let's make one thing perfectly clear.  He can do it!   99% of 'folks' don't understand what the President really does, what his powers are, for example the President is more of a 'ceremonial' and 'cultural' leader than anything else.. But Trump would have the power to do something like this if President.  Would he do it?  Something like this - just as an example - would transform Wall St. and the US economy completely.  Maybe, as we've covered in previous articles, this is THE REAL DEBATE going on right now at the Fed, and behind closed doors on Wall St.  
    Let's take a step back, and understand how far Presidential power stretches.  A great President, maybe one of only great Presidents-  Richard Nixon - Created the Forex market as we know it today.  In one swift move, Nixon defaulted on Bretton Woods and in the same moment, defaulted on his Gold obligations, and made the US Dollar the World's Reserve Currency.  For detailed info about Nixon checkout this book.  Practically, although Nixon stiffed the French and other potential Gold customers that wanted payment in Gold - the world didn't have many other choices.  For example, had France been stronger in that time, we'd all be using French Francs instead of USD.  Anyway, Nixon's actions were a pro-Fed, pro-USD move- whether this was calculated or not is irrelevant.  The fact is that, the USD is really the only "One World Currency" in operation today, and will be for the forseeable future.  
    In case you are not following the way the world really works, Read this book: Confessions of an Economic Hit Man.  This is a MUST READ for any trader, investor, economist, businessman, politician, lawyer, or anyone interested in the world.  The point here is that, yes - it's true.  The Fed Chairman is the most powerful person in the world, because they control the money supply, the amount of US Dollars in the world, and the interest rates.  But - Trump could oust-em!  What does Trump think about the current Fed?  Well, he's not happy with Fed policy, and says The Fed and in particular Chairman Yellen "Should be Ashamed"-
    Republican presidential nominee Donald Trump on Monday accused the Federal Reserve of keeping interest rates low for political reasons, the latest in a string of often contradictory critiques of the nation’s central bank.
    The Fed vehemently defends the setting of its influential interest rate as independent of political considerations — a principle that is considered fundamental not only to the Fed but for central banks around the world. Yet speaking on CNBC, Trump said Fed Chair Janet L. Yellen should be “ashamed” of keeping interest rates so low for so long.  “She’s obviously political and doing what Obama wants her to do, and I know that’s not supposed to be the way it is,” Trump said.
    The latest such comment came Monday, when Trump responded to a question from a reporter about the potential for a Federal Reserve interest rate hike this year. “They’re keeping the rates down so that everything else doesn’t go down,” Trump said, according to reports. “We have a very false economy.”  “At some point the rates are going to have to change,” Trump added. “The only thing that is strong is the artificial stock market.”
    There we go- we have our answer.  At least, we have a hint on the answer.  But the BIG QUESTION remains - will Trump simply put in his own chairman - or abolish the Fed altogether?  Wouldn't that be something.  Either way it seems Dollar Up for a Trump victory.  Put your limit orders in now - Open a Forex Account.
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