- A ton of gold is a cube, which measures 37.5 x 37.5 x 37.5 cm, smaller than a standard kitchen microwave.Thus the entire 3,000 or so ton stack of Gold owned by Germany, would fit comfortably into the living / dining room of a normal family house.We are to believe that this gold, held in the most secure vaults in the world, has never been audited since the 1950′s?Now we learn that only 300 tons will be delivered to Germany over 7 years. A Boeing 747 Cargo plane has a payload of 100 tons, so why not deliver over 3 days?The proposed delivery represents less that 1 ton per week, and this whole story is the strongest indicator yet that the physical gold supposedly in the Fed vaults does not exist.Dont worry Angela, the "gold is in the post”
Thursday, January 17, 2013
THE "GOLD IS IN THE POST"
THE "GOLD IS IN THE POST"
Friday, January 11, 2013
CORBETT REPORT - BANKS, GOLD AND GUNS
CORBETT REPORT - BANKS, GOLD AND GUNS
Please find below a link to a recent VIDEO interview, between myself and James Corbett, founder and owner of the Corbett Report – www.CorbettReport.com.
We discuss the fudging of the Basel III accords, the state of the Swiss central bank and other central banks around the world, in 2013, the gun control debate in America and much more.
The Corbett Report provides a weekly podcast as well as interviews, articles and videos about current events and suppressed history from an independent perspective.
I am very pleased that my message is reaching an ever wider audience.
Sunday, January 6, 2013
REALITY CHECK - GOLD, SILVER & THE ECONOMY
REALITY CHECK - GOLD & SILVER
"Throughout all my years of investing I have found that the big money was never made in the buying and selling. It was made in the sitting".
These words of wisdom are from Jesse Livermore, accredited as being one of the greatest traders of all time. The paradox is he did not make his fortune by trading but by sitting on his positions.
Please find below an interview between King World News and Eric Sprott, concerning the current economic situation and the beat down on Gold and Silver.
Eric is a very successful investor and develops several of the themes mentioned in my recent Blog post "Happy New Year".
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/1/6_Eric_Sprott.html
Enjoy !!!
"Throughout all my years of investing I have found that the big money was never made in the buying and selling. It was made in the sitting".
These words of wisdom are from Jesse Livermore, accredited as being one of the greatest traders of all time. The paradox is he did not make his fortune by trading but by sitting on his positions.
Please find below an interview between King World News and Eric Sprott, concerning the current economic situation and the beat down on Gold and Silver.
Eric is a very successful investor and develops several of the themes mentioned in my recent Blog post "Happy New Year".
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/1/6_Eric_Sprott.html
Enjoy !!!
THE TRILLION DOLLAR COIN
THE TRILLION DOLLAR COIN
In a financial world composed essentially of complete absurdity, a new idea has been floated to create a new USD 1 Trillion Platinum coin.
The US treasury cannot print its own money but can in exceptional cases mint a coin. The idea is that Mr Geithner gets the US Mint to mint the coin, worth USD 1 Trillion, and then goes the the Federal Reserve to deposit it in the Treasury bank account, thus reducing the overdraft and avoiding the debt ceiling. So far so good ???
There is a small technical problem, that Platinum is an extremely rare element, with an annual production in 2010 of 200,000 Kg. With a current market price of USD 50,000 per Kilo annual production equates to approximately USD 10 Billion.
Hence a USD 1 Trillion coin would represent 100 years of future Platinum production.
This idea has been lauded by Nobel prize winning Keynesian economist Paul Krugman.
This idea should inspire other countries, economists and Central Bankers. Amongst the variants on a theme which spring to mind are:
The EU could create a new Platinum coin and call it "Democracy" as they would be delighted to deposit that deep in the ECB vaults for generations to come.
France could mint their Platinum coin in the form of a sacred cow and call it "Entitlements" and place it in La Place de La Republique, awaiting the next revolution.
The UK could mint a Platinum coin with inscriptions in Urdu, Romanian and Polish so the population could understand what is was.
The Swiss could mint a Platinum coin called "Banking Secrecy" and throw it into the deepest part of Lake Zurich.
The Club Med countries could announce they were going to mint a Platinum coin called "Bail-out" just as soon as Germany sent them the metal.
Germany could mint a Platinum coin, but they won't, because they are solvent, and more important they are not that bloody stupid.
In a financial world composed essentially of complete absurdity, a new idea has been floated to create a new USD 1 Trillion Platinum coin.
The US treasury cannot print its own money but can in exceptional cases mint a coin. The idea is that Mr Geithner gets the US Mint to mint the coin, worth USD 1 Trillion, and then goes the the Federal Reserve to deposit it in the Treasury bank account, thus reducing the overdraft and avoiding the debt ceiling. So far so good ???
There is a small technical problem, that Platinum is an extremely rare element, with an annual production in 2010 of 200,000 Kg. With a current market price of USD 50,000 per Kilo annual production equates to approximately USD 10 Billion.
Hence a USD 1 Trillion coin would represent 100 years of future Platinum production.
This idea has been lauded by Nobel prize winning Keynesian economist Paul Krugman.
This idea should inspire other countries, economists and Central Bankers. Amongst the variants on a theme which spring to mind are:
The EU could create a new Platinum coin and call it "Democracy" as they would be delighted to deposit that deep in the ECB vaults for generations to come.
France could mint their Platinum coin in the form of a sacred cow and call it "Entitlements" and place it in La Place de La Republique, awaiting the next revolution.
The UK could mint a Platinum coin with inscriptions in Urdu, Romanian and Polish so the population could understand what is was.
The Swiss could mint a Platinum coin called "Banking Secrecy" and throw it into the deepest part of Lake Zurich.
The Club Med countries could announce they were going to mint a Platinum coin called "Bail-out" just as soon as Germany sent them the metal.
Germany could mint a Platinum coin, but they won't, because they are solvent, and more important they are not that bloody stupid.
Saturday, January 5, 2013
HAPPY NEW YEAR
HAPPY NEW YEAR
Welcome to another year of Blogs, radio interviews and TV appearances, for the Geneva Business Insider.
The year 2013 promises to be full of dramatic events as the wholly unsustainable spending and money printing spree reaches its mathematical limits.
While it is impossible to predict exactly, when and what will be the final catalyst, everything necessary for an earth shattering economic crisis, has already been baked into the mix.
It does seem that the Central Banks, and the TBTF bankers and politicians have stopped lying, at least to themselves.
A currency debasement war is in full swing, with all major central banks committed to money printing on an unprecedented scale, debt to GDP ratio's everywhere are reaching unimaginable levels, and a global slow is evident for all to see.
The next stage, traditionally is an outright trade war, when debasement fails, and thereafter, heaven forbid, a shooting war.
The most interesting anomaly in the year end ramp up of stocks and bonds, has been the take down of Gold and Silver, prior to and just after the holidays.This move is exactly the opposite of what should be happening when money printing is destroying the value of paper currencies.
The Central Banks no longer have an alternative to QE by whatever name it be called. If they stop printing no-one would buy the Government Bonds, leading to collapse; or bond interest rates skyrocket and trigger a collapse in the derivatives market. In both cases it would require an immediate emergency restart of QE.
Welcome to another year of Blogs, radio interviews and TV appearances, for the Geneva Business Insider.
The year 2013 promises to be full of dramatic events as the wholly unsustainable spending and money printing spree reaches its mathematical limits.
While it is impossible to predict exactly, when and what will be the final catalyst, everything necessary for an earth shattering economic crisis, has already been baked into the mix.
It does seem that the Central Banks, and the TBTF bankers and politicians have stopped lying, at least to themselves.
A currency debasement war is in full swing, with all major central banks committed to money printing on an unprecedented scale, debt to GDP ratio's everywhere are reaching unimaginable levels, and a global slow is evident for all to see.
The next stage, traditionally is an outright trade war, when debasement fails, and thereafter, heaven forbid, a shooting war.
The most interesting anomaly in the year end ramp up of stocks and bonds, has been the take down of Gold and Silver, prior to and just after the holidays.This move is exactly the opposite of what should be happening when money printing is destroying the value of paper currencies.
The Central Banks no longer have an alternative to QE by whatever name it be called. If they stop printing no-one would buy the Government Bonds, leading to collapse; or bond interest rates skyrocket and trigger a collapse in the derivatives market. In both cases it would require an immediate emergency restart of QE.
Bearing this in mind, anyone in Bernanke’s position, with no remaining options on the table, and no viable Plan B, would do the same as he does…..lie and print, while at the same time suppressing precious metals prices, the canary in the Gold mine.
Therefore all the MSM Mope, the apparent CFTC blindness, and the Bullion bank manipulation, are part of the desperate last attempts to avoid the inevitable.
My philosophy is just sit tight, have faith and enjoy the fireworks when they finally come. It will be so spectacular, it will more than compensate precious metals investors, economically and emotionally for all that has gone before.
KEISER REPORT INTERVIEW No. 378 "Whammies of Wall Street Witches"
KEISER REPORT INTERVIEW No. 378 "Whammies of Wall Street Witches"
Please find below a link to a recent Russia Today (“RT”) TV interview between myself and Max Keiser of The Keiser Report.
We discuss amongst other topics, the Swiss currency peg, the global game of honesty limbo in the financial sector, and hoping that midnight never comes for "Alice in Switzerland".
To listen to the broadcast, my part as of minute 12.45, please click on the link:
http://www.youtube.com/watch?v=S7ML74rOXlw
The Keiser Report is hosted by Max Keiser and Stacy Herbert, it airs three times a week on RT and provides current topical financial news and analysis. The program format is discussion between the co hosts followed by an individual interview, in this case with my self.
The reason why Max and Stacy are feared is essentially because they tell the most rare and feared thing in the financial mainstream media of today, THE TRUTH.
Increasingly, thinking people are becoming aware that they are being deliberately misled by the media and are turning to alternative sources for information.
For this reason it was a particular pleasure for me to be invited back on their show and to give my input.
I am very pleased that thanks to Max, Stacy and RT, my message is reaching an ever wider audience.
Monday, December 3, 2012
GREECE DEAL FAIR ON IRELAND?
GREECE DEAL FAIR ON IRELAND?
Please find below a link to a recent interview with Dukascopy TV and David Smith aka The Geneva Business Insider.
We discuss whether the Greece bail out deal is fair on Ireland and other countries in the Eurozone, and the social consequences of the current Troika policies.
In addition we discuss the prospects for Gold in 2013, and the ongoing price manipulation in the precious metals markets.
I am very pleased that my message is reaching an ever wider audience
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