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Japan Is Signalling The End-Game For The U.S.
On a side-note, it’s important to know that late July/early August is seasonally the most quiet part of the year for the biggest eastern hemisphere gold accumulators. And we’re going into the “roll” period, when the bulk of the massive blob of August paper gold “rolls” into December, the next “front month” for Comex Paper gold. Having said that, China has actually slightly increased its gold imports this month. India has been in hibernation since March 1 but it’s biggest seasonal buying period starts in about four weeks. Unless smuggled gold into India is significantly greater in volume than anyone understands, India’s demand will be somewhat price inelastic and its elephantine appetite for gold will have a big impact on the price of gold.
This leads us to Japan. Curiously, Japan announced announced last week that its TOCOM 
commodity exchange (Japan’s less corrupted CME-equivalent) would begin trading physical gold – like the Shanghai Gold Exchange – on July 25th – TOCOM Physical Gold. It also announced that it would be introducing a delivery-at-settlement option for its current-month gold futures contract. That is, TOCOM gold futures buyers will now have the ability to take delivery of physical gold via TOCOM’s paper gold.
The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east. It will also create an big upward price-readjustment in gold and silver.
The significance of Japan’s TOCOM exchange shifting from all fiat paper contracts to a physical gold trading and settlement operation is reinforced by the fact that two days ahead of the announcement it was reported that Tanaka Kikinzoku Group – Japan’s leading precious metals trader, refiner and manufacturer – acquired Swiss-based Metalor Group, one of the world’s largest refiners and supplier of precious metals-related products – Tanaka Buys Metalor. Furthermore, in March 2015, Japan’s Asahi Holdings – a collector and refiner of precious metals – closed its acquisition of Johnson Matthey’s gold and silver refining business. JM is one of the leading producers of refined precious metals products, including LBMA-quality 400 oz gold bars.
Now that Asia and Russia are no longer funding the U.S. Treasury debt printing press, the Fed will be forced to begin hyperinflating the money supply to keep the Government funded. This fact is underscored by the Cleveland Fed President’s – Loretta Mester, a voting member of the FOMC – recent comment about “helicopter money.”
While the Japanese continue to endorse the U.S. Government’s use of the yen as a de facto printing press which enables the Fed to manipulate the U.S. stock market and to fund U.S. Treasury’s unrestricted issuance of debt, they see the proverbial writing on the wall for the western monetary and financial system. Japan has been quietly pivoting economically toward China for a couple years.
This abrupt transition into the physical precious metals market signals Japan’s move to integrate its financial markets and economic system into the developing eastern bloc monetary system, which appears as if it might eventually be seeded in gold. It likely signals the end-game for the United States.
GLD/SLV Ponzi Scheme – GET Physical Gold/Silver
A lot of investors have invested in GLD and SLV under the mistaken assumption that they are investing in “gold.” In the latest episode of the Shadow of Truth, we discuss why GLD/SLV are Ponzi schemes created as a mechanism to control the price of gold/silver. We also report the latest on China’s massive investment in the new Silk Road and why it will change the world – The Daily Coin published and extensive article on this topic: Silk Road. Investment Research Dynamics explains why the Central Banks are losing control of their precious metals price control scheme: LINK.
More Evidence The Fed Is Losing Control Of Gold And Silver
“Chinese miners are competing to secure gold assets, because there’s a consensus that domestic demand will far outstrip local supply due to fast-growing investment demand,” Wang Rong, an analyst at Guotai Junan Futures Co. said – in response to the news that the Silk Road Fund is spending $2 billion to buy a gold mine from Glencore
I am highly confident of two facts that will be difficult to prove with certainty until after the event: 1) the eastern hemisphere is accumulating more physical gold and silver than can be possibly tracked by western propaganda sources; 2) the western Central Banks are losing their ability to control the price of gold and silver with paper derivatives (Comex futures, LBMA forwards, OTC derivatives, lease agreements, hypothecation agreements).
#2 is occurring because the supply/demand deficit of physical gold and silver that can be delivered to the buyer demanding delivery is exerting powerful upward force the on oversupply of fraudulent paper metal. GATA predicted this event would begin to occur eventually back around the turn of the century. It took longer than any of us thought it could but here we are:
The Fed/bullion banks have been throwing a record amount of paper at the Comex, especially in relation to the declining amount of physical metal reported to be available for delivery into that paper. And yet, they can’t push the price of gold and silver despite incessantly repeated and aggressive attempts since late February.
There is a massive move higher coming in the entire precious metals sectors between now and the end of the year. My Mining Stock Journal will help you take advantage of the move. I focus on lesser-followed junior mining stocks with huge upside potential. You can subscribe plus receive all the back-issues by clicking here: MINING STOCK JOURNAL
I wanted to let you know how much I like your mining stock journal. I have taken advantage of your recommendations and have invested in most of them, especially the companies that Sprott has also taken a position in. Very nice finds! My overall portfolio is up approx. 300% this year. – Robert
Eric Sprott: As the Fed Loses Control Gold Prices Will Soar
A highly engaging and informative interview with Eric Sprott from Palisade Radio
A Massive Move In Precious Is Coming
After the collapse of Lehman and the “official” great financial crisis, gold ran up 260%, silver soared 500% and the mining shares per the HUI moved up 418% – many junior mining shares spiked up multiples of the HUI’s percentage move.
Now that the systemic problems are worse than in the middle of 2008, we believe this current move in the precious metals sector will easily exceed the move it made from 2008-2011. We are confident that the returns in PMOF since the beginning of 2016 are an appetizer that precedes the main course. – Precious Metals Opportunity Fund quarterly investor letter
Washington Is Politicizing The Olympics Again — Paul Craig Roberts
Washington and its Canadian vassal are trying to use a Western media-created Russian athletic doping scandal to ban Russian participation in the Olympic games in Brazil. Washington and Canada are pressuring other countries to get on board with Washington’s vendetta against Russia. The vendetta is conducted under the cover of “protecting clean athletics.”
You can bet your life that Washington is not motivated by a respect for fairness in sports. Washington is busy at home destroying fairness to the poor, and Washington, which disregards the sovereignty of countries and international law against naked aggression, is busy abroad destroying millions of lives for hegemonic purposes.
We could conclude that Washington wants hegemony in sports just as it does in foreign affairs and wants Russian athletes out of the way so that Americans can win more medals. But this would be to miss the real point of Washington’s campaign against Russia. The “doping scandal” is part of Washington’s ongoing effort to isolate Russia and to build opposition to Putin inside Russia.
Read the rest of this important essay here: U.S. Politicizes The Olympics
The Fed’s Final Solution
Today is Bastille Day in France which celebrates the overthrow of the French feudal monarchy and the establishment of a Constitutional Monarchy. The storming of the Bastille was a key event in the French Revolution.
It’s ironic that the course of the U.S. Government, and it’s original “Bill of Rights” foundation upon which the French “Declaration of the Rights of Man and of the Citizen” was based, is going in the opposite direction of the gift given to us by the Founding Fathers.
The 3rd massive stock market bubble in 16 years is emblematic of the fraudulent Ponzi scheme that has engulfed the United States political, economic and financial system. The Fed now as much as openly admits that it is driving the stock market higher, ostensibly with the goal of stimulating economic growth.
However, I the elitists who control the Fed are not stupid. They have ignited the third stock market bubble specifically for purpose of a final effort to confiscate public wealth and destroy the middle class. For purposes of this discussion, “middle class” is defined as anyone not in upper .5% (point five percent) of wealth in the U.S.
In today’s episode of The Shadow Truth, we discuss the stock bubble as a wealth confiscation mechanism and explain why we believe an explosive move in gold and silver is going to occur this year.
Give me control of a nation’s money and I care not who makes it’s laws — Mayer Amschel Bauer Rothschild
The Stock Market Is A Weapon Of Massive Wealth Destruction
The discussion about p/e ratios and other valuation ratios derived from Company-issued GAAP accounting financials is idiotic. The GAAP accounting allowances have been liberalized beyond a Bernie Sanders wet dream over the last 20 years. The p/e ratio at the peak of the tech bubble is completely different from the p/e ratio at the top of the 2007 stock bubble which is completely different then the p/e ratio now.
If 1999’s or 2007 GAAP standards were applied to today’s earnings, the P/E ratio on the S&P 500 would be at least as high as 65 p/e ratio registered in 2007. By several other metrics, most notably market cap/sales ratio, the current stock market is by far the most overvalued in history.
And that does analysis does not incorporate any adjustments for the fraud component of contemporary corporate accounting.
The S&P 500 and Dow are hitting all-time highs this week. This was triggered by the Ben Bernanke influenced Bank of Japan decision to engage in “helicopter money” activity in an attempt to stimulate economic activity. Notwithstanding the fact that Bernanke is likely the most destructive Central Banker in history, Japan’s decision will end in destruction of its currency. Maybe that’s what the NWO’ers are working toward achieving anyway.
Interestingly, the U.S. stock market reacted counter-intuitively to Japan’s move. The yen and other Asian currencies plunged vs. the dollar, making U.S. manufactured exports to Japan/Asia more expensive and making Asian imports into the U.S. cheaper. This in turn will further depress U.S. corporate revenues and earnings, which have dropped 5 quarters in a row – likely a 6th quarter when we get to see Q2 earnings reports. To label this response by the U.S. stock markets “idiotic” is an insult to the word “idiotic.”
Beneath the glow of a stock market on fire, the U.S. economy is collapsing, especially the consumer. I’ve detailed the decline in a key consumer spending metric, dining out, to demonstrate that middle class disposable income is shrinking quickly. The Canadian brokerage firm, Canaccord, released a report this morning which stated that, “said the firm’s checks indicate a material decline in sales and traffic trends in casual dining restaurants was seen in June LINK.
June auto sales came in below expectations. This is despite a new record in auto debt issuance. The auto debt bubble is starting to look a lot like the housing mortgage bubble of 2005-2008.
The price of oil is starting to drop quickly again. Refiners are cutting crude oil orders quickly as demand for refined products slips as another oversupply condition has accumulated: LINK. The Fed and the TBTF banks have been working hard to keep the price of oil propped up. They know all too well that a big bank balance sheet disaster looms if too many junk-bond financed companies go tits up all at once. That will happen anyway and for that we can soon expect Helicopter Money in this country.
Speaking of Helicopter Money, Cleveland Fed President, Loretta Mester, gave a speech in Australia in which she alluded the possibility of using “Helicopter Money” to stimulate economic activity. Mester is a voting member of the FOMC. This tells us that the FOMC itself has been discussing the possibility of dropping bags of money on the population.
This reflects a Fed that is in a complete state of desperation about the collapsing economy. $4 trillion in direct money printing plus several multiples of that amount of money injected into the system in the form of credit failed to stimulate real economic activity. Why are they talking about even more? Sure, housing and auto purchases using DEBT were stimulated, but that ship has sailed unless the Fed wants to give out money for down payments.
The Fed is even more desperate to keep the stock market elevated. If the stock market collapses, or just drops over 10% for an extended period of time – as in a few months – every single pension fund and insurance company in this U.S. will collapse. It’s a simple as that.
In other words, the stock market is one big weapon of Mass Wealth Destruction. You can protect yourself by unloading your non mining stock dollar-based “investments” and moving your money into physical gold and silver.
I am expecting a MONSTER move in the precious metals between now and the end of the year. I will lay out an overview of my views later this week…I save details behind my analysis for subscribers to my Mining Stocks and Short Seller Journals…
Dr. Paul Craig Roberts: Gestapo America Via James Comey
“I was just following orders.” – James Comey is a board member of the Clinton Foundation – I am sure almost NONE of you knew that
Note: Every single syllable of every word Dr. Roberts writes below is accurate. The only “sidebar” I would add is that, for many of you who voted for Obama, Obama reneged on his promise to roll-back everything the Bush Admin had done to destroy the Constitution and made every Bush initiative more Constitutionally destructive.
FBI Director James Comey got Hillary off the hook but wants to put you on it. He is pushing hard for warrantless access to all of your Internet activity.
Comey, who would have fit in perfectly with Hitler’s Gestapo, tells Congress that the United States is not safe unless the FBI knows when every American goes online, to whom they are sending emails and from whom they are receiving emails, and knows every website visited by every American.
In other words, Comey wants to render null and void the Fourth Amendment of the US Constitution and completely destroy your privacy rights.
The reason Washington wants to know everything about everyone is so that Washington can embarrass, blackmail, and frame on felony charges patriots who stand up in defense of the US Constitution and the rule of law, and dissidents who criticize Washington’s illegal wars, reckless foreign policies, and oppression of American citizens.
Washington’s demand for power has nothing to do with our security. It has to do with destroying the security that the US Constitution gives us.
The security that Comey wants to protect is not our security or the national security of the United States. Comey’s intent is to make Washington secure despite its violations of statutory law and the US Constitution. The way Comey intends to do this is by intimidating, harassing, and arresting Washington’s critics.
Comey wants the unconstitutional power to demand from the providers of telephone and Internet services all records and information about you. These demands are not to be subject to oversight by courts, and the communication companies that serve you are prohibited from telling you that all of your information has been given to the FBI.
US Senators rushed to stick their swords into the Fourth Amendment. John Cornyn slapped an FBI-written amendment on the Electronic Communications Privacy Act Amendments Act of 2015. This caused the American Civil Liberties Union and Amnesty International to withdraw their support for the act, which caused the act to be withdrawn.
Senator John McCain rushed to the aid of the FBI. This Constitution-hating senator proposed an amendment to a criminal justice appropriations bill that would use a provision in the unconstitutional PATRIOT Act to grant the unlimited unaccountable power to the FBI to totally destroy your privacy.
McCain’s amendment failed, but Senate Majority Leader Mitch McConnell (R-KY) changed his vote so that he could negate the Senate’s vote with a vote to reconsider.
The FBI’s senators will continue with amendments to legislation, related or not, until they deliver to the FBI the power it wants.
Unfortunately, most Americans today, unlike their forebears, are too ignorant and uneducated to know the value of the privacy rights that our Founding Fathers put in the US Constitution. The imbeciles say nonsense such as: “I haven’t done anything wrong. I have nothing to fear.” God help the imbeciles.
If the American people were sufficiently sophisticated, they perhaps would wonder why such a large chunk of the US Senate had rather represent the FBI than the American people, their constituents who elected them to represent the people in the state, not a police power in Washington.
Why are so many US senators more responsive to the FBI’s desire for Gestapo police power than they are to the civil liberties embodied in the US Constitution?
As the Bill of Rights Defense Committee and the Defending Dissent Foundation show, the Orlando shootings, the Dallas shootings and whatever shootings, real or staged, next occur have nothing to do with the FBI’s demand to completely destroy all privacy rights of the American people.
What’s that I hear? You say you knew nothing about this? Little wonder. Your media consist of people well paid to deceive you and to deliver you into a Police State. To strip you of all constitutional protection and deliver you unprotected to a police state is the function of the New York Times, Washington Post, Fox «News», CNN, the rest of the presstitute print and TV media and many Internet sites.
Adolf Hitler is alive and well in the United States, and he is fast rising to power. Dr. Paul Craig Robert article link
Dr. Paul Craig Roberts: Why Dallas Happened
I find it mind-blowing that Obama and Loretta Lynch are dead silent on the issue of the police inflicting out of control violence on African Americans. Obama takes the coward’s way out and blames the issue lack of gun control. Loretta Lynch, the head law enforcer in the country, has nothing to say. If I were African American, I would feel betrayed by angry and angry at Obama and Lynch. It’s a god damned disgrace.
I wanted to post Dr. Paul Craig Roberts’ commentary on the Dallas situation. His analysis and presentation of truthseeking issues is second to none – Why Dallas Happened:
Is the Dallas police shooting a false flag affair in behalf of gun control? Is it the result of a war veteran suffering from post traumatic stress disorder? Is the shooting the beginning of retribution for thousands of wanton police murders of US citizens in the 21st century? Or is there some other explanation?
We will never know. The perpetrator is dead. The authorities will tell us whatever suits the purposes of authority.
We could say that the police have brought this on themselves by their undisciplined and violent behavior toward the public. On the other hand, we can hold the police chiefs, the police unions, the mayors and city councils, the governors, prosecutors, and the Justice (sic) Department responsible for failure to hold accountable those cops who murder and commit gratuitous violence against the public.
When police execute someone, the excuse is always something like this: “He reached under his shirt to his waistband. I thought he had a gun. I didn’t want to leave my children fatherless and my wife a widow.” The murdered victim’s wife and children, if any, are of no consequence.
Conservatives, especially those taught to be fearful of crime, have scant objection to police murders. Their view is always: “The police wouldn’t have shot him without cause.” The same bias in favor of the police is why conservative jurors always convict.
The liberals tend to interpret the shootings as racism, so they want to combat racism.
The real problem is that public authorities do not protect the public from gratuitous violence. Therefore, hatred and disrespect for the police are growing. Routine murders by police–several each day, almost all of which go unpunished–are generating the kind of anger that causes people to snap and to reply to violence with violence.
If the criminal justice system applied also to the police, the police would think twice before they wantonly murder.
Being a police officer is not supposed to be risk free. A police officer should be concerned about the public, not merely his own family. We cannot accept gratuitous police violence on the grounds that the officer’s behavior is dictated by his concerns for his own family. If an officer cannot accept the risks of being a police officer, he should find a different occupation.
Police violence is out of control because mayors, prosecutors, and governors are failing the public by refusing to put a halt to it. According to conservatives, punishment deters crime, but they do not apply this to the police.
Police violence is also out of control because of the revolution in police training which teaches police to protect themselves and to subdue the suspect regardless of cost. A number of former police officers have written to me that the reason they gave up the occupation is that today police are being trained to be killers like soldiers.
If a former police officer or someone knowledgeable about this training would describe it and its history, where it originated and why, I will post it on the website
Employment Report Farce And More On The Comey/Clinton Connection
The non-farm payroll is nearly as corrupted as the James Comey/FBI and Loretta Lynch/Justice Dept cover-up of Hillary Clinton’s crimes. A poll done by the ABC New affiliate out of Virginia showed that nearly 95% of those polled thought that Hillary should be criminally prosecuted: 8 News Daily Poll.
I suspect that a large portion of the public is beginning to understand how tragically and catastrophically corrupted the entire U.S. political and financial system has become, which means I doubt many people believe today’s non-farm payroll report either. I’m not going to “legitimize” it by analyzing the numbers other than to say that the headline report conflicts drastically with every single private-sector economic survey that includes an employment measurement index. Drastically.
Dr. Paul Craig Roberts posted by commentary on James Comey yesterday. His readership globally is bigger than either the online NY TImes or the Wall St. Journal issues. One of his readers sent Dr. Roberts this additional on James Comey:
In 2003, Comey became the deputy attorney general at the Department of Justice (DOJ). In 2005 he signed on to serve as general counsel and senior vice president at defense contractor Lockheed Martin. In 2010 he joined Bridgewater Associates, a Connecticut-based investment fund, as its general counsel. On September 4, 2013, James B. Comey was sworn in as the seventh Director of the FBI. Talk about the revolving door in and out of government ! A shill for the private defense industry and later a wall street investment firm, two of the groups that support Hillary\’s assent to the Throne.
Today’s thoroughly rigged labor report and the cover-up of Hillary Clinton’s crimes further supports my thesis that the U.S. has fully descended into a Banana Republic – welcome to Hell.