Thursday, September 27, 2012

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

The IMF reported that various countries continued diversifying into gold in July, some significantly.

South Korean gold reserves rose a sharp 16 tonnes for a 30% increase in total gold reserves.  
Paraguay became the latest central bank to begin diversifying into gold. Their gold reserves rose sharply - from a few thousand ounces to over 8 tonnes.

Wednesday, September 26, 2012

China Central Bank Makes Record $46 Billion Injection Into Money Markets

China’s central bank added a record 290 billion yuan ($46 billion) to the financial system using reverse-repurchase agreements, seeking to address a cash squeeze in the run-up to a weeklong holiday.
The People’s Bank of China conducted 190 billion yuan of 28-day reverse repos and offered 100 billion yuan of 14-day contracts, according to a trader at a primary dealer required to bid at the auctions. Today’s total is the highest for a single day in Bloomberg data going back to 2004.

Tuesday, September 25, 2012

Reflections on the effects of War as compared to the effects of Fiat Money

Modern warfare is highly destructive. A couple of centuries ago, wars involved fighting between armies; civilians were spared. Cannons were directed at the opposing army.
Today, war means general destruction; civilians on the losing side can expect to be plundered, killed or raped. Cities are targeted for mass destruction. We rode a bus through post-war Germany in 1948, and recall that the city of Bremen was simply miles of rubble piled up on either side of a road cleared for traffic.

Click Here To Read More At Plata.Com.Mx


As silver investors are likely aware, leading silver analyst Ted Butler has openly speculated whether JP Morgan’s alleged massive short silver position is held on behalf a client such as the Federal Reserve (with the intent to prop up the dollar by suppressing gold and silver) or the Chinese government (with the intent of acquiring physical gold and silver bullion at a discount due to their massive paper short position on the futures market).

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Lindsey Williams: "The New World Order Will Own Your Real Estate."

Thursday, September 20, 2012

The Bank of Japan Joins the Money Printing Party With 10 Trillion more Yen!

If Ben Bernanke was hoping that he could demolish the US dollar with never-ending money-printing, he might need to rethink his plans.
Because he’s got competition.
The Bank of Japan joined the party, throwing another ¥10trn at the market. The move took analysts by surprise – they’d expected action next month instead.

Wednesday, September 19, 2012

Must See Site! US Federal Budget Visualized - Your Tax Dollars at Work!

With The World's debt based monetary system we have reached a point where we need to discuss Trillions and Quadrillions. Thinking in Billions will just not cut it any longer. For most people there isn't much difference between $100 Million, $1 Billion or $1 Trillion. More and More debt and in return currency needs to be created to keep the system alive. Here is a great site that helps us see just how big the problems are.

Federal Tax Receipts Tumble As Outlays And Debt Soar!!

The US federal government spent $369 billion in August, but only received $179 billion in revenue. The resulting $190 billion deficit was a record for any August and the third highest monthly deficit in the current fiscal year, which ends on September 30th.
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Sunday, September 16, 2012

Lindsey Williams : The Dollar Died on Sept 6th While You Were Watching The Democratic Convention

Dollar no longer primary oil currency as China begins to sell oil using Yuan!

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

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Thursday, September 13, 2012

Fed to launch QE3 of $40 billion MBS each month!! Power Up The Printing Press!

By an 11-to-1 vote, the Federal Reserve on Thursday decided to launch a new program of open-ended bond purchases -- so-called QE3 -- saying it will buy $40 billion of agency mortgage-backed securities each month, starting Friday. It's also keeping in place so-called Operation Twist, which consists of swapping short-dated securities for longer-term securities, as well as reinvesting the proceeds of maturing securities, so the central bank will be adding $85 billion of long-term securities each month through the end of the year. The Fed also extended its pledge to keep interest rates exceptionally low -- Fed funds rates are currently targeted at a rate between 0% and 0.25% -- from late 2014 to "at least through mid-2015."

Tuesday, September 4, 2012

China, Germany plan to settle more trade in yuan, euros!

Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday.