The Truth Rises - Coordinated Strikes Work Both Ways - May 1st 2013

Japan aims to jump-start economy with $1.4tn of quantitative easing!

Japan's central bank has promised to unleash a massive program of quantitative easing – worth $1.4tn (£923bn) that will double the country's money supply – in a drastic bid to restore the economy to health and banish the deflation that has dogged the country for more than a decade.

As part of a new set of policies known as Abenomics, formulated by Japan's new prime minister Shinzo Abe, the Bank of Japan will buy ¥7tn yen (£46bn) of government bonds each month using electronically created money, with the aim of rekindling demand and pushing up prices and wages.

Click Here To Read More From The Guardian.co.uk

Argentina extends price-freeze accords for 2 more months

(Reuters) - Argentina's government forged an agreement on Tuesday with top retailers to extend a freeze on prices for another two months, the latest attempt to contain inflation estimated by private economists at above 20 percent a year.


Click Here To Read More At Reuters.Com

ARGENTINA DESPERATE FOR GOLD AS INFLATION PASSES 25%

Federal Judge Dismisses Silver Manipulation Lawsuit Against JP Morgan

A federal judge has dismissed a class-action lawsuit claiming J.P. Morgan Chase & Co. (JPM) manipulated prices in the silver market between June 2007 and October 2010.

In an order posted Monday, U.S. District Judge Robert Patterson said a group of silver investors did show J.P. Morgan and its traders had the power to influence the silver market, but didn't prove the bank manipulated prices or took action to "cause artificial prices to exist" on CME Group Inc.'s (CME) benchmark Comex silver futures contract.

Click Here To Read More From FoxBusiness.com

Do Western Central Banks Have Any Gold Left???

By: Eric Sprott & David Baker

Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro.

Click Here To Read More at Sprott.Com

Mike Maloney - Hidden Secrets of Money - Currency Vs Money

Trying To Sell Silver Dollars For .99 Cents Outside a Coin Dealer

Free $5 Bill or Free Silver Dollar? It's Up To You

Panel moves to make gold, silver coins legal tender in Arizona

PHOENIX - Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins.

The Senate Finance Committee on Wednesday took the first steps to making such coins legal tender in Arizona. SB 1439 would give them the same legal status as the bills and coins authorized by Congress.

Nothing in the proposal by Sen. Chester Crandell, R-Heber, would force anyone to actually accept these coins as payment for any debt. Their use would be voluntary.

Click here to read from The Arizona Daily Star

Welfare recipients take out cash at strip clubs, liquor stores and X-rated shops

They’re on the dole — and watching the pole.

Welfare recipients took out cash at bars, liquor stores, X-rated video shops, hookah parlors and even strip clubs — where they presumably spent their taxpayer money on lap dances rather than diapers, a Post investigation found.

A database of 200 million Electronic Benefit Transfer records from January 2011 to July 2012, obtained by The Post through a Freedom of Information request, showed welfare recipients using their EBT cards to make dozens of cash withdrawals at ATMs inside Hank’s Saloon in Brooklyn; the Blue Door Video porn shop in the East Village; The Anchor, a sleek SoHo lounge; the Patriot Saloon in TriBeCa; and Drinks Galore, a liquor distributor in The Bronx

Click here to read more at the NYpost.com

U.S. Mint Silver-Coin Sales Rise to All-Time High in January 2013!

Sales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the U.S. central bank presses on with unprecedented stimulus.

Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986, when the Washington-based Mint began the transactions, Michael White, a spokesman, said in a phone interview yesterday. The figure compares with the 1.635 million ounces sold in December, according to mint data.

 

 

Click here to read more from Bloomberg.com

SLV Adds Record 572 Tons Of Silver In One Day, More Than In All Of 2012

Technically the addition of 572 tons, or a massive 18,378,092 ounces of physical silver, to the SLV ETF, in one day is not a record, as it excludes one amount which however was a year end rebalance at the end of 2007 offset promptly on the next day, but it certainly is the biggest one day addition of physical silver to SLV in ordinary course operations.

Click here to read more from Zerohedge.com

U.S. Mint halts sales of silver eagles as agency runs out of the precious metal

On Jan. 17, the U.S. Mint issued a letter stating that they have completely run out of silver American Eagle coins, and are suspending sales until the end of the month. This suspension comes after six million silver Eagles were sold since the beginning of the year, and at a time when precious metal sales are escalating in markets all over the globe.

Click here to read more from the examiner.com

Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons!!

It is time for the November update, and it's a doozy: at 90.8 tons, this was the second highest gross import number of 2012, double the 47 tons imported in October. China is on track to import more gold into Mainland through Hong Kong in 2012 than all of Japan's Central Bank Gold Reserves
(765 Tons).

Click here for more info. at ZeroHedge.com

US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December's Total

For the first week of 2013 the mint’s 2013 silver sales totals remained at 0 with production halted, but that changed quickly Monday, as the US Mint announced 3.937 million Silver Eagles were sold in a single day on Monday 1/7!

Click here to read more at silverdoctors.com

Brazil Doubles Gold Reserves as Central Banks Buy Bullion

Brazil boosted gold reserves for a third month in November to double the country’s holdings since August as central banks from Russia to Belarus and South Korea add the metal to diversify their assets.

Brazilian holdings expanded 14.7 metric tons in November to 67.2 tons, the most since November 2000, according to data on the International Monetary Fund’s website. The country bought 17.2 tons in October after adding 1.7 tons in September, the first increase since 2008. Russia’s holdings increased 2.9 tons last month and Belarus’s reserves expanded 1.4 tons, the data show. Turkey pared holdings 5.9 tons and Mexico sold 0.1 ton.

Click here to read more at Bloomberg.com

Inside the Bank of England's gold bullion vault.

The Queen Tours The BOE Gold Vault And Asks About The 2008 Crisis!!!

Deficit hit $172B in November, with US on path for fifth straight year topping $1 trillion!

The U.S. budget deficit unexpectedly increased in November, to $172 billion for the month -- pushing the country one step closer to the limit on government borrowing.

The Treasury said Wednesday the deficit last month was $22 billion more than the October mark and up from $137 billion in November 2011.

Click Here to Read more: http://www.foxnews.com

Americans donate $8 million to cut national debt!

The debate about the national debt has already paid off: Individual Americans pitched in nearly $8 million of their own money to help reduce it in fiscal 2012. That's more than double the total from the year before.

Donations for the national debt had averaged about $3 million a year since 2009. "So this is obviously a big jump," said Mckayla Braden, a spokeswoman for the Bureau of the Public Debt.

Click Here To Read More At Money.CNN.COM

South Korea central bank bought 14 tonnes of gold in Nov

 By Christine Kim
    SEOUL, Dec 5 (Reuters) - South Korea's central bank said on
Wednesday it bought 14 tonnes of gold in November using its
foreign reserves in order to spread its portfolio risks, while
releasing data showing total reserves rose after talk of market
intervention.

   The Bank of Korea bought the gold for $780 million, the fourth purchase in about one-and-a-half years and lifting the proportion of gold in its total foreign reserves to1.2 percentfrom the previous 0.9 percent.

Click here to read more from Reuters.com

Lindsey Williams Reveals The Elite Agenda For America During The Next 4 Years!!

Pastor Lindsey Williams: Obama to Tax Middle Class into Oblivion! Pastor Lindsey Williams unveils the truth behind the elite plan for humanity and this planet... THE NEXT 4 YEARS... Released TUESDAY 4TH DECEMBER 2012!

GOLD EAGLE SALES EXPLODE IN NOVEMBER, UP NEARLY 4 FOLD YOY

By The Doc, SRSrocco

In the midst of a 2 month price consolidation for both gold and silver, US Mint gold and silver eagle sales exploded in November, coming in a 3,159,500 oz of ASE’s, the 3rd highest monthly total for 2012, and 136,500 oz of AGE’s, by far the highest monthly gold sales for the US Mint for 2012.

Click Here To See 26 Years Of Precious Metals Sales At The U.S. Mint Website

Click Here To See and Read More Info at : www.silverdoctors.com

Fed To Commit To A Staggering $1 Trillion Of QE For 2013

Today acclaimed trader Dan Norcini told King World News the Fed is about to commit to more than $1 trillion of QE for 2013. Norcini stated that because of this, “Anyone who does not own physical gold is committing financial suicide.” Here is what the acclaimed trader had to say about this stunning situation and what it will mean for the gold market: “One of the things that may have been overlooked by a lot of people, but it certainly wasn’t overlooked by some of us in the trade, was a report that was published by Goldman Sachs dealing with the Federal Reserve and its upcoming policy meeting.” Dan Norcini continues: “Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4. It will be a purchase of $45 billion each month in Treasuries. This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt. But in a sense, Eric, QE4 is going to be a replacement for Operation Twist. Operation Twist was designed to push down the long end of the curve in order to keep interest rates artificially low….

Click here to read more at KingWorldNews.Com

Peter Schiff, Hyperinflation, Dollar Collapse, Warren Buffett / Capital Account

7 of 10 Asian Countries abandon U.S. dollar for Chinese Yuan now!!!

A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollarand peg their currency to the Chinese yuan — a major signal of China's successful bid tointernationalize its currency, a research report has said.

The Peterson Institute for International Economics, or PIIE, said in its latest research that Chinahas moved closer to its long-term goal for the renminbi to become a global reserve currency.

Click Here To Read More At ChinaDaily.Com

Chinese Gold Imports Surge In September, YTD Total Surpasses Official Indian Holdings!!

From Zero Hedge

Anyone who may have been concerned by the slowdown in Chinese gold imports in August, when the country imported "only" 53.5 tons of gold from Hong Kong (down from 75.8 in July), can breathe a sigh of relief. According to the Hong Kong Census Bureau, in September Chinese gross imports soared by 30% reverting to the long-term trendline of 65 tons in gross imports per month, and rising to a total of 69.7 tons. Net imports were 40% less, although that excludes organic Chinese gold mining and recirculation, which is why for all intents and purposes the gross number is the apples to apples one. And using that, Year-To-Date China has now imported a whopping 582 tons of gold, more than the official holdings of India at 558 tons, and which through November has certainly surpassed the holdings of the Netherlands, and make China's gross imports in just 2012 nominally the equivalent of Top 10 largest sovereign holder of gold.

This way at least we know where China is recycling all that vast trade surplus, which incidentally in October just printed, goalseeked or not, at the highest level - $32 billion - since January of 2009. Too bad China no longer recycles all those excess reserves into US Treasury paper (as we showed previously here).

YTD China gross imports from Hong Kong:

Where does this put China:

And in historical perspective: the recent surge in demand for gold is quite unmistakeable:

Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic)

With digital technology being used for all manner of government distributions, it’s difficult to overtly distinguish between the severity of the Great Depression of the 1930′s and today’s economic crisis.

But just because we don’t see thousands of hungry people lined up for hours at a time at their local soup kitchen today doesn’t mean the lines don’t exist.

Today bread lines have been removed with the help of technology; EBT cards are filled with Government money for Food Stamp participants to purchase food at local retailers.

Click here to read more and see the graphic at 24hgold.com

LBMA Chairman: Chinese Gold Reserves Can Only Go One Direction: UP!

Chairman of the LBMA David Gornall told the conference, “When comparing China to the U.S., it would seem that in China, gold asset allocation can only go in one direction.  The country has only 2% of its reserves in the form of gold compared with the U.S. at 75%.” The People’s Bank of China hasn’t disclosed any changes to its gold holdings since 2009, when it said they had risen a whopping 76% to 1,054 metric tons. While the U.S., Germany, Italy and France keep more than 70% of reserves in gold, China’s share is less than 2%.

Click here to read more at Goldcore.com