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IMF Prepares For “Threat To International Monetary System”
Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.” Little did we know that our conclusion “something big must be coming” would prove spot on just a month later after Greece, then Ireland, then Portgual, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: “something bigger must be coming.” As if the IMF’s trillions in open lending facilities (many of which have recently been adjusted to uncapped) were not enough, we now learn that the world lender of last resort (which in theory is the Fed, but apparently Bernanke has been getting a little Read more…
Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More
While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. “Iran has bought large amounts of gold in the international market, according to a senior Bank of England official, in a sign of how growing political pressure has driven Tehran to reduce its exposure to the US dollar. Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times.” The reason for Tehran’s scramble into gold: “an attempt by Iran to protect its reserves from risk of seizure”. The misrepresentation of Iran’s holdings could be so vast that Iran could possibly be one of the largest holders of goldin the world. “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the Read more…
The Rule of Gold after the Financial Collapse
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“You can own silver and gold but never any fiat currency issued by someone else”
Peter Cajander
 In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”. The condition of the global financial banking system is untenable. The aggregate amount of debt worldwide is anyone’s guess. The introduction of derivatives and counter claims pushes the chain of obligations into the unknown. All that is left is for central banks to create mountains of uninterrupted counterfeit money to roll over and delay the inevitable. The IMF chart of World Currency Reserve is a skyrocket line to oblivion. It does not reflect a healthy stockpile of treasure, but certainly manifests a new debt machine running to infinity. The Bullion Vault explains this reality in the following manner.
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Soros: Communist Chinese Model Of Order May Become “The Envy Of The World”
Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.
Soros told the exclusive Travellers Club, that “China’s model of state capitalism, in which the interests of the individual are subordinated to those of the government, poses a danger if its example becomes“the envy of the world.”
“Perfect order and global governance are not realistic expectations.” Read more…
Why the World Must Watch Europe
Beyond the EU Debt Crisis
The continent’s financial crisis gave rise to bailouts, infighting and demands for sweeping financial reform. Could there still be a bright future over the horizon for the European Union?
Amid the shift in global superpowers, two names come up as heavyweight world championship opponents: China and the United States.
The constant media exposure and speculation could be likened to a pay-per-view boxing matchup.
In one corner: the world’s largest energy consumer—with a 1.3-billion-strong population—endlessly stockpiling natural resources—and holding nearly $900 billion in United States’ debt.
In the other: longtime democratic world champion—largest economy—and leader in manufacturing.
China is the clear favorite, but the U.S. is still in the running. On its way down from unmatched superpower, it is still a formidable opponent, with its manufacturing sector out-producing China by 40 percent.
Yet America is weighed down by a $14 trillion federal debt and rampant Read more…
IMF says weaker dollar would help global growth
AFP – The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released Wednesday.
In the report prepared for a Group of 20 finance chiefs meeting last week, the IMF said that its calculations showed the dollar remains “on the strong side” of medium-term fundamentals, while the euro and the Japanese yen were “broadly in line” and several Asian currencies, including China, were undervalued.
To address global imbalances, the G20 should allow the dollar to Read more…
Population, Food, Oil … Collision?
World population and growth
Factoring the net birth minus death rate in the world each year, the annual increase to world population is about 75 million people. The current world population is about 6,900,000,000, or 6.9 billion.
Annually, we add to the planet the equivalent population of any of the following scenarios,
- New York City (9 of them!)
- Los Angeles (20 of them!)
- Chicago (27 of them!)
- San Francisco (94 of them!)
- Boston (117 of them!)
- Unites States of America (25 percent of the country!)
When you think about it, this is a startling number. And that’s in just one Read more…
Global systemic crisis / World geopolitical breakup – End of 2011: Fall of the “Petro-dollar wall”
– Public announcement GEAB N°52 (February 16, 2011) –
Confiscation of Gold and Silver by the U.S. Government
I received an email with the words “RED ALERT”. I received this from someone heavily involved and an expert in the metals and mining. I highly respect both men involved, as they know and always telling the truth about what is happening in the world of metals.
David Morgan of Silver-Investor, an absolute expert in silver and the mining field and has a wonderful and very insightful news letter. I am a member and get the newsletter due to the amount of his knowledge of silver/gold and mining. In fact, David Morgan has given me the green light to post bits of information from his paid subscription newsletter. I am thankful he is allowing that, as there is information in it that is not found any where else on the internet. His newsletter gives investment information of metals and mining as no other person I have read. I believe many benefit from the newsletter and I hope what small blurbs I reproduce here will also help others in keeping the value of their money as it is (but it is dropping fast every day – so action needs to be taken by all – in my opinion). I will start doing some postings with his insight within days. But I encourage Read more…
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