A blog dedicated to investigating events as they occur in Judea and Samaria, in Israel and in the world, and as they relate to global powers and/or to the Israeli government, public figures, etc. It is dedicated to uncovering the truth behind the headlines; and in so doing, it strives to do its part in saving Judea and Samaria, and by extension, Israel and the Jewish People, from utter destruction at the hands of its many external and internal enemies.
By Greg Hunter’s USAWatchdog.com
One day after the Federal Reserve announced a $600-$900 billion second round of Quantitative Easing (QE2), gold and silver hit fresh all-time highs. Yesterday, the yellow metal surged more than $40 an ounce to well over $1,390 before falling back a few dollars in after hours trading. Silver, also, had a monster move! It was up more than a $1.50 per ounce. It, too, retracted slightly in after hours trading. That surge in precious metals is a debilitating rebuke of the Federal Reserve’s wild and unprecedented money printing policies. How bad is it, really, for the Fed to feel this is a good idea? Gold is acting like a predator that smells the blood of wounded prey. In this case, the prey is a much weakened Fed that seems desperate to keep its banking cartel afloat from the undertow of a sea of red ink.
It is reported that Sprott Asset Management bought 6.5 million ounces of physical silver at nearly $26 an ounce. Respected financial blog Jesse’s Café American wrote yesterday about the deal, “Some might consider the price that Sprott paid to be a ‘leading indicator’ of where silver will be going. I think when the paper Ponzi scheme actually collapses silver will be much higher than that. After all, “he who sells what isn’t his’n must buy it back or go to prison.” Unless, that is, they are running the game. Then they just pay a fine and admit no guilt.” (Click here to read the entire post from JCA.) This kind of silver buying is a big plus for the physical market and a big negative for the often questionable paper market.
Big-time buyers are driving over-sized price moves in precious metals. Hedge Funds, Sovereign Wealth Funds, big banks (like Goldman and JP Morgan) and Central Banks are now moving the markets in gold and silver bullion. Movements like the one yesterday are not mom and pop retail buyers looking to purchase a dozen Silver Eagles or a Gold Eagle coins to put into a safety deposit box.
Record high gold prices caused by the Fed printing press are not lost on Republican Congressman Ron Paul. He is the Federal Reserve’s most adamant critic and is now on the winning side of mid-term elections. A bill that would have forced a Fed audit (HR1207) failed in a House of Representatives controlled by Democrats earlier this year. Now, with Republicans taking control, Congressman Paul will gain some real power to, once again, probe into secret Fed policy. Yesterday, Reuters reported, “Paul is currently the top Republican on the House of Representatives subcommittee that oversees domestic monetary policy, and is likely to head the panel when Republicans take control of the chamber in January. . . ‘It’s an outrage, what is happening, and the Congress more or less has not said much about it . . . Eventually we’re going to have monetary reform. I do not believe the dollar can be the reserve standard of the world,’ said Paul, who has called for returning the United States to a currency backed by gold or silver.” (Click here for the complete Reuter’s story.)
It is not just the announcement of the second round of QE that has precious metals gushing new highs. It is, also, the open-ended nature of the Fed’s policy that reads, “. . . will adjust the program as needed to best foster maximum employment and price stability.” This could mean $600 billion or $6 trillion before this round of money printing has run its course. Gold (and silver) clearly smell the blood of a wounded Federal Reserve Note that is being drained of its buying power. I’ll close today’s post with a quote from a recent Jim Willie article from Goldenjackass.com. While vexing about a second round of QE, Willie wrote, “The centerpiece question, when the US bond fraud is coupled with European sovereign debt distress, comes down to WHAT IS MONEY?The answer is Gold,Silver and not much of anything else.
International Forecaster November 2010 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The following are some snippets from the most recent issue of the International Forecaster. For the full 26 page issue, please see subscription information below. US MARKETS
The money powers prey upon the nation in times of peace, and conspire against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption will follow and the money power of the country will endeavor and prolong its reign by working upon the prejudices of the people, until the wealth is aggregated into a few hands and the republic is destroyed. -- Abraham Lincoln, Nov. 21, 1864
Foreclosuregate will soon again dominate the financial news along with the three class action lawsuits – one is a RICO suit, entered against JPMorgan Chase and HSBC for rigging the silver markets.
Irrespective of what Wall Street tells you, but in Foreclosuregate we are taking about 2 trillion in securitizations, plus $500 billion in second mortgages. These bonds were all rated AAA by S&P, Moody’s and Fitch, but were in fact BBB. We have written over and over again questioning why the buyers were stupid enough to be buyers, or why no civil suits or criminal actions were filed for three years. Our synopsis tells us the buyers, particularly the Europeans, who purchased 60% of this toxic paper, were either collectively grossly incompetent, or they had the bonds secretly guaranteed by the Fed. Hundreds of lawyers cannot be that stupid, so we believe the latter. The losses for lenders will be somewhere north of $500 billion. This kind of payout will take down Bank of America, JPMorgan Chase, Wells Fargo, Citi Group and Deutsche Bank, and a number of others will suffer large losses. We have yet to see large class action suits and they could compound the losses. As you have already seen Fannie, Freddie, PIMCO and the NY Fed have already banded together to protect their positions. What we are seeing is intercine fighting to see who will lose the most money among the elitists. This internal warfare is good for us because it puts them off balance and other issues dear to their hearts, such as world government are pushed to the side at least temporarily. The only way these banks can stay in business is to be nationalized, so that you the taxpayer will have the privilege of paying for their losses. Anyone who owns stock in these banks and HSBC should have their heads’ examined. When it comes to legal action the court system is a sham. Countrywide’s Mazillo was fined and BofA paid the fine. Mozilo should be doing 25 years for criminal fraud. Stand by we are only at the beginning of this fraud extravaganza.
The tentacles and the depth of this scandal has only been recognized by elitists behind the scenes in NYC and Washington.
Foreclosuregate could put a real damper on house sales and that will be compounded by a Congress and Senate that will be frozen in its tracks. All Wall Street and banking, which control the Fed, ever think of us shirt-term expediency. QE2, which, as we predicted, will over the next two years, cost $5 trillion. This will continually depreciate the value of the dollar. That will bring about a more intensive currency war and that will lead to tariffs, which is exactly what the US needs to economically survive. Speculative capital flows are meeting barriers already from Brazil and other will follow. Other nations are seeing inflation pressures intensify and they don’t want more dollar inflation. Brazil is being followed by China, Australia and India. The Fed is unprepared to deal with this as it tries to hold the US economy together, as it slowly spirals into a repeat of the last 20 years in Japan. You might call it a lost decade. Japan had 5% unemployment; the US has 22-3/4%. The Japanese government borrowed from Japanese savers. The US has to borrow from international markets or monetize. That means monetization by the Fed and higher unemployment and inflation, not to mention the ever-growing debt. Is it any wonder gold and silver is becoming the investments of choice.
Housing is going to be frozen as the backlog of housing inventory deepens. There are about two million houses for sale. Then there is the phantom inventory being held by lenders, that they cannot prove they own, of some four million more units. The rate of home ownership continues to fall. If that continues who will ever buy these homes?
These problems stand to the side as the stock market approaches new highs on a combination of QE2 and share buybacks by transnational corporations. At the same time gold, silver and commodities boom. The $600 bill QE2, or $75 billion a month, is what the Fed did the last time around and that was only successful for 5 quarters of 3% growth, half of which came from the increase in money and credit. Monetary creation of $2.5 trillion will increase GDP by 1% to 1-1/2% taking it to 2% this time. This time the reflation of asserts is not going to be as easy and won’t work as well. Most of the funds will end up in banks and on Wall Street, which will use the money to speculate with again. Banks have been trying to lend more since June and borrowers are generally not interested. They want to see what medical reform will cost the, whether the Bush tax cuts will be extended and what will new regulations mean to them. On the consumer side, only the government will lend to poor credit risks. Some 25% of mortgage holders are in trouble via negative equity and we believe that will worsen. In the face of growing unemployment it will be difficult to stay better than even.
The dollar’s countertrend rally is over. It could be called technical and flaccid at best. That is probably because that is the way Messrs. Bernanke and Geithner want it to be. It cheapens exports and restrains buying of foreign goods due to their higher costs.
We can expect more government debt as 5 million jobless get an extension on unemployment. It is either that or the possibility of revolution.
Will tax cuts be extended costing another $40 billion? Will a 1% financial transaction tax be passed, or will a grab for $6 trillion in retirement benefits become reality? Then there is the administration’s $650 billion stimulus package, which may well be a dead issue.
This week in gold and silver has certainly been spectacular in spite of continued US government manipulation. The professionals and big hitters just lie in wait for the cartel to push prices down, so they can take them back up again. After almost 20 years of price suppression the government, Fed and other central banks are getting another taste of their own medicine. Gold and silver are not the hard sells they once were with a crumbling financial foundati8on that underpins the dollar. The fact that many corporations, particularly in the financial sector, are carrying two sets of books doesn’t help much either. We see Foreclosuregate, which is just really getting underway, with three class action lawsuits, one RICO, versus JPMorgan Chase and HSBC for rigging the silver market, a falling dollar, and currency war, which will become trade war. Not to speak of a massive change in congress and deficits that worsen daily. Least we also not forget the fall coming in the municipal bond market as AMBAC goes bankrupt and all those bogus overrated bonds return to their real rating and as a consequence they fall in value. Just think what they’ll have to pay for interest in the future, not an inviting future.
That is why we say gold and silver related assets are the place to be. It has been that way for ten years over which we have recommended such assets and we see five or more good years ahead. The upward momentum in gold and silver will accelerate as funds escape from other asset groups. Less than 1% of investors own gold and silver shares and less than 2% own coins and bullion. Thus, plenty of players are yet to enter the game.
During September retail investors were busy taking profits as they pulled $11.2 billion from equity mutual funds, or YTD $91.2 billion. On a net basis $29.3 billion was redemptions.
62% of portfolio managers see equities as the top performing asset class in the next six months to a year versus 15% for precious metals. That is very bullish for gold and silver. 70% see little chance of another economic contraction. That means they expect the Fed to inject $2.5 trillion into the economy. That is inflationary and good for gold and silver.
Third quarter employment costs slowed to just plus 0.4% and yoy to plus 1.9%. Wages rose 0.3%, and just 1.5% yoy, as inflation exceeds 7% in the real world.
Profits may be up but revenues – sales, still lag the spring of 2008 by 11%. That means earnings should fall next year.
In mid-2006, Citi knew 60% of the mortgages they purchased were defective. Knowing this they still gave representations and warrantees to investors that they were not defective. This figure grew to 80% in 2008; all management was interested in was profits and bonuses. Robert Rubin and Charles Prince were warned over and over again, but to no avail – greed triumphed. This operation was to enrich management without a care that they consciously were committing fraud. This was not errors and omissions; this was fraud on a scale never seen before.
As a result, PIMCO, the NYC Fed, Blackrock and Freddie Mac and Neuberger Berman-Europe have sued Countrywide, and all buyers of MBS should collaborate and sue all the originators.
For those of you who were unaware of it, or had forgotten, Countrywide had settled with NY pension funds for $624 million, one of the largest securities fraud settlements in US history.
These companies not only committed securities fraud, but fraud in the robosignings and there is a mountain of evidence to attest to that. The players are Bank of America, JPMorgan Chase, Barclays, Deutsche Bank, Wells Fargo, Goldman Sachs, Credit Suisse, UBS and Morgan Stanley.
There was little new in Fed revelations. They will buy $600 billion more Treasuries and Agencies and included will be $75 billion in long-term Treasuries. What they didn’t tell you is the real number will be $2.5 trillion.
I will bless them that bless thee, and curse them that curse thee... ואברכה מברכיך ומקללך אאר ונברכו בך כל משפחת האדמה
Am Yisrael wants the Temple rebuilt!
A survey conducted by the Panels Insitute revealed that 64 % of the Israeli public , and half of secular Israelis, want the Temple rebuilt. 97% of respondents know that the Temple was destroyed on Tisha B'Av ( Ninth of Av).
The survey's second question queried the public’s desire to rebuild the Temple. Sixty-four percent responded favorably and 36 percent said no. Analysis of the answers revealed that not only hareidi-religious and other religious Jews want to rebuild the Temple, (100 percent and 97 percent respectively), but also the traditional public (91 percent) and many secular Jews (47 percent) do as well.
Just a reminder to our many enemies, specially 'you know who' (below ), from Isaiah the Prophet:
Isaiah 49:24-26
"Can prey be taken back from a strong one; can the righteous captive escape?
But thus said Hashem: Even the captive of the strong can be taken back, and the prey of the mighty can escape; I, Myself, will take up your cause, and I, MYSELF, WILL SAVE YOUR CHILDREN.
And I will feed your oppressors their own flesh, and as with sweet wine shall they become drunk; then all flesh shall know that I am Hashem, your Savior and your Redeemer, the Mighty One of Israel."
My favorite blogs and websites ( in alphabetical order)
It is forbidden to remain silent in matters of life and death!
Always remember: first thoughts, then words....so actions can follow.
"Sof Maaseh, B'Machshavah Techilah"
סוף מעשה, במחשבה תחילה
("The final outcome has been conceived of at the outset")
Words of wisdom: what to do to save lives and preserve freedom of the Jewish People in Israel:
"When the people fear the government, it is tyranny...when government fears the people, it is liberty."
Variously attributed to Thomas Jefferson, Tom Paine and Benjamin Franklin.
... Coming from a traditionally very passive and peaceful sector, United Torah Judaism:
"There was no reason for [the mother] to be in jail... Now we all understand that these things can be stopped by burning garbage and ripping out traffic lights”
MK Meir Porush, UTJ - about the riots in Jerusalem
A word of wisdom...coming from what was once the Land of the Free...
"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds."
Samuel Adams, American Revolutionary
Very appropriate quote , although more than a century old.
"There are laws to protect the freedom of the press's speech,
but none that are worth anything to protect the people from the press."
--Mark Twain
... And more truths about truth:
"A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.
To make them love it is the task assigned, in present-day totalitarian states, to ministries of propaganda, newspaper editors and schoolteachers.... The greatest triumphs of propaganda have been accomplished, not by doing something, but by refraining from doing.
Great is truth, but still greater, from a practical point of view, is silence about truth."
-- Aldous Huxley - (1894-1963) Author - Source: forward to Brave New World, 1946 edition.
"When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."Dresden James.
We live in times of unprecedented dangers, therefore,
"When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle." Edmund Burke
"Nobody made a greater mistake than he who did nothing, because he could only do a little."
Edmund Burke
PICTORIAL REVIEW OF WHAT REALLY HAPPENED IN GUSH KATIF
Here below, you will be able to see for yourselves what REALLY happened during the Gush Katif expulsion; how the GOOD JEWS of ISRAEL were BETRAYED by their so-called leaders.
Link provided by Barry Chamish.
Now you understand whom we are dealing with in this country: TRAITORS. They pretend to have the nation's best interests at heart, but this is all a mirage, a lie; either they are self-serving, or THEY WORK FOR THE ENEMY, and they cannot be trusted.
Only TRUE and FAITHFUL LEADERSHIP will get us out of this morass; AND G-D'S INFINITE MERCY, B"H.
We are waiting for Mashiach to come and rescue us; meanwhile, we do what we can to HELP THE GEULAH.
Gush Katif Betrayal, "MERAGLIM 1"
Gush Katif Betrayal, "MERAGLIM 2"
Gush Katif Betrayal, "MERAGLIM 3"
Gush Katif Betrayal, "MERAGLIM 4"
QUOTES BY THE ENEMY, AND ABOUT THE ENEMY'S TACTICS
Here below are quotes related to the enemy's nature, tactics and philosophy.
Always remember: LEARN FROM YOUR ENEMY, EMULATE HIM, but for the FORCES OF GOOD!
Whenever he does A, do A, in reverse.
He does B, do B, in reverse.
We might not have his financial resources or capabilities, but we have a much greater ally: HASHEM.
Remember David and Goliath. We are David, and with God's help, we can defeat Goliath. All we have to do is UNMASK THE EVIL GIANT, UNMASK HIS TACTICS, UNDERSTAND HIS DECEPTIONS, AND EXPOSE THEM TO THE BRIGHT LIGHT OF DAY.
AND PRAY TO GOD FOR HELP.
AND ALWAYS, ONLY STRIVE TO DO GOOD,
SO THAT WE CAN BE A FORCE OF GOOD AGAINST THESE MESSENGERS OF DARKNESS.
"PROPAGANDA CANNOT TAKE TIME OFF"
"Propaganda cannot take time off"
... one of the key rules ofmodern disinformation, which is that the required message must be repeated very frequently if it is to pass...
Serge Tchakhotine, author of "Le Viol des Foules par la Propagande Politique", 1939
THE STATE IS THE ENEMY!
"You had to attack civilians, the people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the ... public, to turn to the state to ask for greater security.
This is the political logic which remains behind all the massacres and the bombings which remain unpunished, because the state cannot convict itself or declare itself responsible for what happened."
Daniele Ganser, " NATO'S Secret Army, Operation Gladio and Terrorism in Western Europe "
OBAMA THE MUSLIM
THE DARK SIDE OF THE U.S.A.: AS IN SERBIA, SO IN YESHA...
... in 1998, the US State Department and intelligence agencies decided to use the Kosovo Liberation Army to get rid of Slobodan Miloševic. "The US agenda was clear. When the time was right they were going to use the KLA to provide the solution to the political problem" – the "problem" being, as Marshall explains earlier, Miloševic’s continued political survival. This meant supporting the KLA’s terrorist secessionism, and later fighting a war against Yugoslavia on its side. Marshall quotes Mark Kirk, a US naval intelligence officer, saying that, "Eventually we opened up a huge operation against Miloševic, both secret and open." The secret part of the operation involved not only things like stuffing the various observer missions which were sent into Kosovo with officers from the British and American intelligence services, but also – crucially – giving military, technical, financial, logistical and political support to the KLA, which, as Marshall himself admits, "smuggled drugs, ran prostitution rackets and murdered civilians." "Bags of money had been brought in for years.... Organisations controlled by George Soros also played a crucial role, as they were later to do, in 2003–4, in Georgia.... The so-called "democrats" were, in reality, nothing but foreign agents."
Tim Marshall, Sky TV
MAKE SURE TO WATCH THE PPS"Will there soon be an anti-Jewish genocide in Israel?"
I am a Jew living in the Land of Judea (Eretz Yehuda), which was given to us, the Jewish people, by G-D Himself. I love this place very much; I will do my best to develop it, cherish it, protect it, turn it into the paradise it was always meant to be - and defend it against any and all enemies of Am Yisrael.
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