Tag Archives: BREXIT

Brexit To Catalyze Economic Collapse?

The global financial system is collapsing – not just Europe. If the Central Banks stepped away from both their observable and covert money printing, the system would collapse tomorrow. Brexit is not the catalyst and it’s not the cause. Brexit is nothing more than the cover story – the device used to deflect the public’s attention away from truth.

The truth is that the western Central Banks (let’s leave China aside for now) have created the biggest asset bubble in history. And the time has come for it to pop. It’s been a divisive, albeit brilliant, wealth confiscation mechanism.

Elijah Johnson invited me onto his Finance and Liberty podcast show to discuss Brexit, precious metals and the ongoing systemic collapse, which will be more catastrophic than the 2008 collapse financial crisis:

One of the immediate consequences of the BREXIT has been the “gating” of six UK property investment funds. Investors threw money at these funds and helped inflate a massive property bubble in the UK, similar to the one in the U.S. And now investors are trapped because the funds are unable to sell illiquid, overvalued real estate in order to meet redemptions. The same exact process will occur in the U.S. My view is that investors in mutual funds will get what they deserve because blogs like mine have been warning about this for several years now.

On another note, one of the stocks featured in my Mining Stock Journal is up over 7% today. It’s trading at a market cap that is about 10% of the potential valued of this Company’s primary gold property. It also looks like one of its strategic investors is starting to make a move to eventually acquire the entire Company. New subscribers to my Mining Stock Journal currently receive all of the back-issues when they subscribe, including the above-described company which was an early pick and is still highly undervalued. You can subscribe by clicking here: Mining Stock Journal.

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BREXIT: An Expression Of Political Freedom

In the latest episode of Market Update, we explore the “aftermath” of the BREXIT vote and the fact that the global markets have become manipulated by the Central Banks to the extent that it’s impossible to tell the difference between reality and fraud.

“There had to be hedge funds that blew up on Friday that we’re not hearing about”

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CELEBRATE BREXIT

The NWO’ers and U.S. neocons have been out since this past weekend railing against the British populace vote for self-determination.   The best thing that can happen for Democracy is for the rest of the EU member countries to line up and fall out of the EU like dominoes.

Why do Hillary Clinton and Joe Biden and the other Establishment U.S. politicians hate the BREXIT decision?  Because it completely undermines the U.S.-controlled NATO, which plunders U.S. military hegemony.  It also undermines Obama’s beloved TPP Treaty, which removes Rule of Law as it applies to U.S. multinational corporations.

Here’s the attitude that Hillary Clinton supports:  “”The British have violated the rules. It is not the EU philosophy that the crowd can decide its fate”.  –  Martin Schulz,  President of the EU Parliament .

If the nationalism which gripped the U.K. last Thursday spreads to this country, it might force real change in this country.  That’s something to “hope” for.  Graphic courtesy of William Banzai on Zerohedge.com:

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Stand Down Merkel, Stand Down Please

said I see no joy, I see only sorrow
I see no chance of your bright new tomorrow

so stand down Margaret, stand down please, stand down
I say stand down Margaret, stand down please, stand down

Stand down Margaret, stand down please, stand down Margaret
I say stand down Margaret, stand down please, stand down

I sometimes wonder if I’ll ever get the chance
Just to sing to my children in a holiday jam
Our lives seem petty in your cold gray hands
Would you give a second thought, would you ever give a damn?

BREXIT Destroys The Gold/Silver Manipulation Cartel

Just a quick note on this referendum as we are in the final minutes of the voting. My sister’s friend is in the army.  They came over for dinner tonight and he was asking about the vote and what my thoughts were. I then returned the question and he had said that 90% of the lads in his camp, which are in the hundreds, were all voting to leave. Their reasoning, in a British army camp of lads aged between 18 and 35, was because they don’t believe they should be getting webbed up in wars that we shouldn’t be fighting. He said they pretty much all can agree on the fact that the wars are dictated by Washington, via Brussels, and what they say goes and its not something they support.  These were his words and I have to agree.  – A British friend of the Shadow of Truth

The elitists had a lot to lose if the BREXIT referendum succeeded.   Just like AP declared Hillary the nominee did BEFORE the Calif primary, the WSJ sent out an online article yesterday afternoon saying the REMAIN vote had won.  But this last-gasp attempt to rig the vote failed.

The elitist narrative said that BREXIT would take down the British economy.  The details of this were never explained but NWO’er, George Soros, warned as much last weekend. This was just another scare tactic used to cover up the fact that a BREXIT would undermine considerably the western elitist holy grail of a one world, one Government system.

The Ruling Body of the EU is the European Council, often described as the supreme political authority.  Its members are not elected.  It’s the fortress of totalitarian political control the western elitists have been methodically imposing on Europe, the UK and the U.S for several decades.  If anything, the BREXIT victory represents a last gasp attempt to preserve democracy and Rule Of Law.

At the root of every political upheaval is indeed are hidden economic issues.  The BREXIT should undermine the effort of the western elitists to impose the TPP Treaty, which is designed to advance the confiscation of individual self-determination.  But more significantly is the issue of gold and silver:

The day that QE2 was announced by the Fed. That day, that morning, they were just beating the living daylights out of gold. People on the site were like “oh boy, this is going to be terrible”. I said NO, this is what the banks do. They try to reset the price as low as they can before the news because they know they are trapped. – Craig Hemke, Shadow of Truth

This is exactly what has transpired over the past week leading up to the BREXIT vote. Same game, different scenario. Craig went on to say “Ahead of what they knew was going to be gold bullish regardless of the outcome.” [BREXIT vote]

Since the end of 2014, there have been several notable indicators signalling a high degree of stress between the fraudulent paper bullion market used by the Central Banks to suppress the price of gold/silver and the available supply of physical metal to deliver into the paper claims.

One such indicator that is now stretched to an extreme is the Comex, where the amount of paper silver contracts issued represents over one billion ounces of silver.  This is more than seven times the total amount of physical silver reported to be sitting in Comex vaults.  It’s 45 times more than the amount of “registered” (available to be delivered) silver on the Comex.   It’s 25% more than the annual global production of silver.

Likely, the most significant collateral damage inflicted on the NWO’ers by BREXIT is that it will destroy the ability of the western Central Banks to manipulate the price of gold and silver.   The Shadow of Truth hosted Craig “Turd Ferguson” Hemke of TFMetalsReport.com to discuss this overlooked significance of the BREXIT victory (Part 1 followed by Part 2):

Part 2:

BREXIT Means Much Higher Gold/Silver Prices

The elitists’ bid to rig the BREXIT referendum failed.  Notwithstanding a continuous flow of propaganda sponsored by the elitist-controlled mainstream media showing that the Remain vote win, the public’s voice in England prevailed.

As I suggested yesterday, the BREXIT pandemonium deflected the public’s attention from the collapsing western economies.   The most prominent sign of this is the Fed’s unwillingness to raise interest rates just one-quarter of one percent.  Today’s durable goods report showed a 2.2% plunge in durable goods orders during May.  A drop of .5% was expected.  This 17 months in a row of year over year declines in “core” durable goods orders. Freight shipments represent the “pulse” of an economic system.  The Cass Truck Transportation Index is in a literal free-fall.

The boost in the U.S. dollar vs. most global currencies will undermine any uptick in export activity that was preliminarily reported for June.  The alleged 4.9% unemployment rate shoved down our throats by the Government and Janet Yellen is belied by the fact that the percentage of working-age people in the U.S. is at its lowest point since the late 1970’s, a time when most households were still one-income in nature.

Perhaps most at stake for the elitists is the paper war on gold and silver that intensified when the metals threatened to go parabolic in 2011.  But there is evidence that the paper rigging scheme is failing.  To the extent that a BREXIT event undermines the euro, one of the collateral consequences for the elitists is that it will hasten the conversion of fiat currencies into physical metal.

But there’s a problem.   The most glaring evidence of this problem is the catastrophic issuance of Comex paper silver claims on a shrinking pile of physical silver in Comex vaults.   Since January 20th there’s been a stunning decline in reported Comex silver inventory.

Currently, the amount of paper silver contracts issued on the Comex represents over one billion ounces of silver. This is more than seven times the total amount of physical silver reported to be sitting in Comex vaults. It’s 45 times more than the amount of “registered” (available to be delivered) silver on the Comex.  It’s 25% more than the annual global production of silver.

I discuss this issue in the latest issue of the Mining Stock Journal, which was released yesterday (Thursday).   I present another junior mining stock idea that has still not been discovered by the mainstream mining stock analysts and purveyors of research.  You can access the MSJ here:   Mining Stock Journal.   New subscribers will receive a copy of all of the back-issues plus a discount link for the Short Seller’s Journal.

BREXIT And The Escalation Toward War With Russia

Today’s episode of the Shadow of Truth’s Market Update series covers the use of the BREXIT referendum as a point of deflecting the public’s attention away from much more serious issues engulfing the U.S. and the world. It’s a distraction away from the collapsing global economy, the corrupt U.S. political system and the escalation of U.S. military belligerence toward Russia and China, both of whom are working to remove the U.S. as the global reserve currency in order to flatten the global economic and financial “playing field.”

BREXIT Is Being Used To Deflect From The Economic Collapse

I actually could care less about BREXIT.   I have yet to encounter any valid analysis on why the issue matters at all.  What is valid is that the BREXIT theatrical show is being used to deflect scrutiny of the continuous economic reports  showing that the U.S. economy is collapsing.

The Chicago Fed National Activity index released today plunged to -.51 against Wall Street’s expectation of a .11 gain.  Last months data-point was revised lower to barely positive.  The way that this index is calculated, it takes a lot to move the needle.  A drop from a revised lower .05 to -.51 reflects heavy contraction in economic activity across a broad (85 indicators) spectrum of the economy.  The 3-month moving average declined from -.25 – which was revised lower from the original .22 reported – to -.36.

New home sales reported today – for whatever the data series is worth – indicated an 11% plunge from the previously reported number for April, which of course was revised lower. May’s print was down 6% from the revision.  Ironically,  yesterday the National Association of Realtor’s Chief Economic Clown was extolling the virtues of new home construction and sales activity.  Oops.

I suggested yesterday that existing home sales report was highly overstated by the seasonal adjustments imposed on the data collected.  The Census Bureau, which prepares the new homes sales data series, has admitted in the past its estimation and adjustment models tend to overstate sales when actual sales are in a downtrend.  Ergo, the incessant downward revisions of previous reports.  Same with existing home sales, as the NAR uses the same statistical modelling package as the Census Bureau.  The NAR’s report yesterday contained a significant downward revision for April’s report, not coincidentally.

To be sure, there are still some hot pockets of housing activity around the country.  But most of the large economic areas are experiencing falling demand, falling prices and rising inventory, especially in the upper price segment of the market.  The collapse of the current housing bubble will be even more spectacular than the last bubble collapse.

The U.S. economy is collapsing.  In the “inside out” world of U.S. financial media Orwellian propaganda, today’s jobless claims number is being used to substantiate a “tight labor market.”  That’s a complete fairy tale.  The reason jobless claims are historically low right now is that the number of workers as a percentage of the workforce who qualify to apply for benefits when they get fired is at a historical low.  This fact is substantiated by the historically low labor participation rate and the percentage of the workforce that is now part-time.   Part-timers do no qualify for company healthcare or unemployment insurance.  It’s that simple. the  I would question the data if jobless claims were high.

So the entire financial world is focused on what is largely an irrelevant  referendum  on whether or not the UK will remain in the EU.   Meanwhile, the rug is being pulled out from under the entire western economy, including and especially the U.S. economy.

Fox News Goes Full Retard On Gold

We’re very bullish on gold, which is the anti–paper money, of course, and is underowned by investors around the world. – Paul Singer, Elliot Management Corp

I keep Fox Business channel on because it has the best tv “ticker scroll” for monitoring basic market activities.  Also, some of the women on the show are easy on the eyes.  Liz Claman is not one of those.

I came in from getting lunch and saw this tag-line on Claman’s afternoon show:  “Gold Losing Glitter.”   I turned up the volume to hear her explaining to the idiots who might actually listen to the garbage broadcast on the show that gold was getting hit today because investors no longer felt a need to use gold as a hedge against the BREXIT vote now that the polls show that BREXIT is currently out of favor with the chippies in England.

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Considering that gold is up about 20% since mid-December, vs. 1.9% for the S&P 500, it’s safe to assume the reasons that gold is being accumulated stretch a lot further and deeper than Claman’s idiotic explanation.

In fact, Prime Minister Cameron announced a referendum date for a vote on the issue of whether England shall remain in the EU, or not, on February 22 this year. Only 5% of gold’s 20% price appreciation since it bottomed in December has occurred since that date.

I dare say it’s a bit pre-mature to announce that gold is  losing its glitter, especially in connection with the British EU referendum.  The truth is that gold is being accumulated by smart money as a hedge against the idiocy of fiat currency-based monetary systems controlled by corrupt Government’s and Central Banks.   It’s as simple as this:

Paper money eventually returns to its intrinsic value:   zero.  – Voltaire

Can Gold Hit $1500 By The End Of September?

Gold was taken down $19 from the close of Friday’s post-Comex Globex trading, when it closed at $1301, to $1281 40 minutes into Comex floor trading on Monday, June 20. The apparent catalyst was the polls which surfaced over the weekend that showed the public sentiment in England had shifted heavily in favor of remaining in the EU.

It’s all Kabuki theatre because, at the end of the day, if it looks like the elitist will not get the outcome they want in Thursday’s vote, they’ll rig the outcome to make sure they do get it. Nothing happens by accident and it’s no coincidence that the pro-euro MP was given a dirt nap last week and the polls all of sudden shifted to reflect No-BREXIT outcome.

But gold began to rise steadily during the day, which means that there plenty of other catalysts besides the BREXIT issue which drove the price of gold higher since May 22. At the same time the stock market sold off steadily from its high of the day 30 minutes into the NYSE open. This market action is bullish for gold and quite bearish for stocks.

The big question in everyone’s mind is, “where would the price of gold be without the heavy intervention exerted on the market by the Comex paper gold Ponzi scheme?

Future Money Trends (LINK) invited me on their weekly show to discuss BREXIT, NIRP, negative 10-year German bunds and the precious metals market – LINK:

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BREXIT Denied: Mission Accomplished

In this installment of the Shadow of Truth’s Market Update, we discuss the actions taken by the western elitists to rig the outcome of the BREXIT vote on Thursday (June 23), the response by the markets to the new expectation that BREXIT will be denied and the significance of anti-U.S. sentiment growing around the world.