As reported two weeks ago, following a stunning announcement by the head of Ukraine's central bank, Valeriya Gontareva, on primetime TV we learned that (virtually) all of Ukraine's gold was gone, or - in the parlance of Jon Corzine - had "vaporized." And as we also predicted two weeks ago, it was only a matter of time before Ukraine's people - the vast majority of whom are innocent pawns in a[...]
Tag: PMC Ounce
The Retail Apocalypse Accelerates: Collapsing Holiday Sales Are A Signal That A Recession Is Coming
By Michael Snyder, on December 1st, 2014 Retail sales during the four day Thanksgiving weekend were down a whopping 11 percent from last year. This is a “make or break” time of the year for many retailers, and if things don’t turn around during the coming weeks we could see a tsunami of store closings in January and February. As you read this article, there is already more than a billion[...]
Guess What Happened The Last Time The Price Of Oil Crashed Like This?…
By Michael Snyder There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes[...]
“The Best Slave Is A Slave That Doesn’t Know He’s A Slave” – America Today In 4 Pictures
This is why America is in the shape that it's in... Remember...SLAVES NEVER POSSESS GOLD and SILVER...THEY HAVE DEBT! Source: Zero Hedge[...]
London Gold Pool II On The Verge Of Collapse As Panic Nears – World Scrambles for Physical Gold, US Generally Clueless
With the war in gold continuing to rage, today one of the most respected veterans in the gold world told King World News that the Western central bank cartel which has been capping the gold price for more than a decade is nearing the point of collapse as panicked phone calls are now being made to acquire sizable amount of gold. James Turk: “The battle for $1,200 gold is really heating up,[...]
Global Business Outlook: “Darkest Picture since Financial Crisis.” “US of Greatest Concern”
by Wolf Richter The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward – not by economists and Wall Street hype mongers:[...]
Grandmaster Putin’s Golden Trap – Forget Misplaced Sentiment, Position to Profit From the Financial War
By Dmitry Kalinichenko Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold. Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But[...]
The Shock Doctrine: When Order Trumps Personal Freedom
By James Rickards One of the most influential books among global power elites in the past 10 years is Shock Doctrine: The Rise of Disaster Capitalism, by Naomi Klein, published in 2007. The shock doctrine is an essential concept for understanding how power elites such as central bankers, finance ministers and the ultra-rich work behind the scenes to advance their agendas. It’s also how[...]
Here We Go: Yen Goes Parabolic, Begins to Hyperinflate
The Japanese yen is now collapsing. If the yen goes “super-nova” – i.e. collapses - it could bring down the U.S. The U.S. QE/Keynesian Ponzi scheme relies on Japan to help keep the scheme together. The yen is beginning to hyperinflate and it is now entering “parabolic” mode. First, this will cause the Japanese banks to implode because they’re loaded up with Japanese stocks and[...]
Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed
A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank - what the real reason was for Germany's gold repatriation halt after obtaining a meager 5 tons from the NY Fed: ... the gold community[...]