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Why Gold Could Go Much Higher

Saturday, July 23, 2011 – by Anthony Wile

Anthony Wile

Are there forces at work increasingly inflicting chaos and war on the world? If this is the case, the ceiling on gold and silver will keep moving higher. Gold went up again yesterday on bad news from the US, Norway and Europe.

The bad news is a steady drumbeat, a kind of dominant social theme in itself. The idea is that the world is a chaotic and fearful place; though such bad news is undoubtedly manmade and is thus prone to mischief and manipulation.

Trends certainly reinforce the meme. In Norway, a bomb blast and subsequent shooting left up to or more 80 dead. In the US, talks about raising the debt ceiling broke off again, leaving that country teetering on the brink of a self-inflicted insolvency. In Europe, a deal to bail out Greece by the EU's solvent North left as many questions as answers.

The world's problems can be a positive for gold and silver investors. The worse it gets, the more gold shines. "The SPDR Gold Trust (GLD) closed Friday up 0.8% at $1.56.12 a share. The iShares Silver Trust (SLV) gained 2% to finish at $39.07 a share. In futures markets, gold for August delivery gained 0.9% to settle at $1,601.50 and ounce on the Comex, just 90 cents short of a record. September silver rallied 3% to $40.12 an ounce.

Given what's going on in the world, does anyone believe that gold and silver have entered a sustained downward trend? Ten years ago, US$1,000 gold seemed fairly unrealistic and US$2,000 was seen as the top of the arc only by the most extreme gold bulls. But it seems fairly certain this leg of the business cycle is going to run until at least 2015 or 2016, and the heights that gold and silver could reach in this time period are fairly astonishing to contemplate. Is US$5,000 gold out of the question? How about US$250 silver?

It's not an argument that anyone wants to contemplate willingly, but it's one we point out regularly: If the Anglo-American power elites are intent on creating global governance and are willing to use war and false-flag events to create the conditions for such an occurrence, then we may be in for many more years of difficult times. And this will surely have an effect on gold and silver prices.

Are governments capable of acting against their own people in this manner on a sustained basis? During Operation Gladio, in order to ensure that Europeans remained sympathetic to Anglo-American causes, various kinds of para-military activities were conducted by Western Intel and then blamed, apparently, on "leftists." The Pentagon's Operation Northwoods called for blowing up an American passenger plane over the US to incite a war with Cuba.

Here is the crux investment question. If the larger Anglo-American power elite for whatever reason is either facilitating or covering up such incidents, then won't this have a ongoing, powerful price impact on gold and silver? These metals are surely safe havens as well as stores of value.

How high can they rise in purchasing power if Western elites are really provoking war and chaos? Much higher, I would venture to day. Each day now, one wakes up anticipating more unsettling news. This past week there were widespread reports of an Iranian war in the planning stages. With the US and NATO involved in six other wars in the Middle East, who would be so bold as to dismiss the possibility outright?

Back to Norway. The mass shooting was said to have been conducted by a tall, white-skinned, blond haired man, giving rise to what may already be considered a sub dominant social theme of the elites involving "white al-Qaeda." (White al-Qaeda would include those who believe Western powers-that-be are attempting to push the West toward a new world order using various kinds of false-flag violence.) One group being blamed for the larger attacks is led by Mullah Krekar, who may have had dealings with the CIA and whose group, Ansar al-Islam, was involved with the CIA and Pakistan during the long-ago war against the USSR in Afghanistan.

There is no doubt that gloomy world news continues to have an impact on precious metals. Total assets in ETFs reportedly have hit 2,155 tons, up from 2,106 tons in the year prior. A group of technical analysts for Barclays now estimate a potential gold price rise to $1,635 an ounce, though they suggest waiting for a pullback (to the US1550 area) before making additional purposes. According to S&P's Mark Arbeter, a "measured move" to $1,700 an ounce appears possible although a "blow off" move to $2,000 an ounce is not impossible either.

Presumably, such numbers would be reached if various current events yield truly negative outcomes. Knowledgeable observers had been fairly sure that the latest Euro-deal on Greece would damp down the Sovereign crisis, but doubts are creeping in. Private investors must agree to longer maturities on the bonds they hold and angry Germans will have to be convinced to accept a package that plainly asks Germany to underwrite additional European red ink.

Meanwhile, the American debt issue continues to simmer, with the two main players – House Majority Leader John Boehner and President Barack Obama –at loggerheads. Even a "successful" conclusion to this latest financial crisis will probably not yield a long-term resolution. America's debt problems are too big: A long-term strategy is called for, but it is one that eludes policymakers.

The potential for a long-feared war between Iran and Israel was a subject of increasing mainstream media speculation last week. Comments by recently retired Mossad chief Meir Dagan that Prime Minister Benjamin Netanyahu was considering an attack on Iran's nuclear facilities, launched a storm of speculation.

One might discount the possibility of an all-out regional war in the Middle East, given the terrible nature of its consequences. Unfortunately, the two parties (Iran and Israel) are so distrustful of each other that such a war seems within the realm of possibility, if not probability.

How much worse can things get? Quite a bit, and over a fairly lengthy period of time. Owning gold or silver at such high prices might seem counterintuitive but history seems to be showing us they can go higher still.




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  Posted by injun1 on 07/25/11 02:04 PM

Posted by dotti on 07/24/11 12:09 PM
injun1, I have read many of your posts with interest. This one is no exception. I wonder, however, when grandma and grandpa GET OUT of gold, to what will they entrust their assets? Do you recommend any fiat currency? Real estate? Beans and rice?

Of the three options listed above, the only one that i would see as profitable would be Option #3: Beans and rice--or alternatively, guns and ammunition.

Thanks for your posts!

Hi Dotti,

Guns and ammunition seem to work just fine (lol) but in the mean time, think offshore. I enjoy your reflections, thanks.

  Posted by David_Robertson on 07/25/11 06:54 AM

Posted by dotti on 07/24/11 07:54 PM
You have paid me a very nice compliment and it is appreciated.

I have copied the links and will begin to plough through them--also in order as of David's links.

I was fascinated years ago by a book titled "Man and His Symbols"; I believe it had a mandala on the cover. It was a mystery to me. I started reading the book, but think that I did not follow through. I was a student at the time, as well as wife and mother and did not have much time for extracurricular reading. Now I wonder if it was related to the current study. Hmmmm.

thank you, Abu, for your kindnesses.

RE: Man and his Symbols, if it is the same one I read about forty years ago then it is by the Swiss psychoanalyst Carl G. Jung and it does indeed as I recall provide the interpretation of these symbols that are talked about on the Vigilant Citizen website. Jung was very interested in the esoteric and he developed his thesis of the human collective unconscious from these belief systems.

He also warned against Westerners trying to understand them or practise them since they were not suited to the Western mind which is predominantly intellectual whereas the Eastern mind, where most of these beliefs originate, is predominantly intuitive. This warning kept me away from them although other pointers Jung gave led me to Christ.

  Posted by Bischoff on 07/25/11 02:12 AM

Posted by dotti on 07/24/11 02:04 PM
Ingo, thanks for your post.

I am finding that more people of MBA status are "taking a look at gold". These are not your typical mom and pops, nor are they the top 5% of wealthy.

People who thought even 1% of a portfolio in gold was just plain weird are reconsidering based on their real-world information that contradicts their MBA training that gold should never be considered as an investment.

I believe that if the irresponsible printing of fiat currencies continues, we will have an economic collapse in which all fiat currencies lose their value. In such a case, there would be a return to something of a barter system. In that system, gold would be far too valuable to trade for a gallon of water or a bucket of beans. A 90% silver dime, however, may be a useful "token" to be traded.

In an earlier feedback I posed the queestion regarding what would be a worthwhile "exchange value" for gold/silver. I cannot imagine anyone trading gold/silver for irredeemable currency of any sovereign without some sort of substantial change in global financial markets. And I would find it hard to TRUST even any supposedly "redeemable" currency. Haven't we heard that before?

Thanks for your posts. Bottom line is that i consider silver to be more volatile than gold--it may end up closer to the 1/15 ratio with gold or 1/150. I don't know.

But it's all interesting, yes?

Yes, Click to view link's all interesting.

The fiat USD/FRN is still the world currency. Because of its ubiquity, it proves that it still has value. At this point, there is no alternative currency which cantake its place.

The problem is that while the USD/FRN still has "value", the future of the USD/FRN is doomed with a certainty of 100%. You can take this to the bank (pun intended).

Why is the USD/FRN doomed...??? Because the USD/FRN is monetized debt since 1971. Except for an isolated year or two, every year since 1971, the Congress has run an annual budget deficit which was monetized by the Fed and sold as Treasury paper paying interest. The annual budget deficits include the interest due. Since the interest debt is monetized along with all other government debt, the interest compounds year over year. Once the exponential curve which is compound interest intersects with the line representing the linear growth of the overall debt, there is no return from the abyss. The USD/FRN is on the road to self destruction, and it cannot be saved.

What is going on with the extention of the debt ceiling is nothing but Kabuki theater to cover the exploding interest expense. While it is true that the annual interest on thirteen trillion of debt is about 350 billion a year, if you balance every congressional budget from now on, it is also true that most politicians and particularly Obama want to create trillions of more debt. Selling that debt which is in the trillions will make the interest debt expense go crazy.

The original debt ceiling set at the creation of the Fed central bank in 1935 did make sense. However, once it was extended again and again, it lost its purpose which was not to have the compounding interest get out of hand. This however has now happend, and there is no return. The USD/FRN will be dead sooner or later. The question is which political party and which politicians will get the blame.

W. Bush was to take the blame in September of 2008. While the main stream meadia screemed to say that Bush had to be a fiscal conservative and reject such TARP money creation against worthless mortgages, he was clever enough to give them the finger and simply approve the TARP legislation before he left office, thereby passing off the problem of default on the interest payments to Obama.

Come August 2nd, the US Treasury will pay the interest due on the U.S. debt paper. There is no doubt. However, Obama wants to do it with paper printed out of thin air. That is all that can really be done, unless the Fed Reserve System of 1935 is forced to fall apart. It will fall apart without any question, if the Fed is not allowed to print the money by extending the debt ceiling. If the Congress will not extent the debt ceiling, the Fed without doubt will engage in QE3.

On the other hand, if the Congress checks its spending, meaning the ear marks are curtailed, then the local economies will not get its usual federal stimulus to encourage private industry to produce. Unemloyment will skyrocket and civil unrest will be a real problem, say nothing about Obama's reelection prospects.

All this Obama vs Boehner back and forth must be seen in this light. The teaparty's demands for a balanced budget in essence spells the early death of the USD/FRN, and it will usher in a worldwide depression which happens to be in the interest of the Chinese.

The American people will never allow runaway inflation. So, that's why "deflation" it is in the end. The Fed better be careful how far it will go to conduct these QEs. The QEs will be the destruction of the USD/FRN, not in the run-a-way hyperinflationary outcome, but in a deflationary collapse.

What way out...??? I have proposed the way out here many times. It is the elimination of the "legal tender" protection enjoyed by the USD/FRN. The elimination of "legal tender" currency will allow the creation of a parallel redeemable currency based on the gold standard.

Let the federal and state governments deal in irredeemable USD/FRNs. Let them pay their employees with irredeemable currency. To the extent that the American people keep accepting the USD/FRN, it is a sign that they value the services of government. To the extent the USD/FRN fails to be accepted, it signals to the government that there is a need to cut the spending.

Thta is the solution to effectively revive and grow the private local economies. It will work, and it will sort things out. Before you know it, there will be a labor shortage, and the government workers will stream to private industry to earn wages in redeemable currency which they can save to sustain them when they are sick or in old age.

I guarantee that it will work with an assurity of 100%. You can take that to the bank also.

  Posted by dotti on 07/24/11 07:54 PM

Posted by Abu Aardvark on 07/24/11 04:42 PM
"I don't know much about the supposed "Illuminati", but if someone can post a link that gives an accurate, yet simple and succinct rundown, I would much appreciate it."

---------

dotti, the links below DON'T provide a particularly SUCCINCT approach, but after following your open-minded and refreshing posts for a while, I'm pretty sure you will find the information as astonishing as I did. Cheers!

Quote:

"My efforts to further understand the forces governing the world lead me to study secret societies, mystery religions, esoteric sciences and ancient civilizations. I've spent the last seven years researching Theosophy, Freemasonry, Rosicrucianism, the Bavarian Illuminati and Western Occultism. These schools of thoughts have many things in common: they are based on Hermetic teachings (Hermes, Thoth, Enoch, Mercury), they attach EXTREME importance to symbolism and they recruit within their ranks the most prominent people of all fields of society: politics, law and public service. The natural result of this phenomenon is the display of occult symbolism in all aspects of society, especially music, movies and buildings. My goal is to bring out the meaning of these symbols in a clear, concise and entertaining way."

Click to view link

Click to view link

Click to view link

Click to view link

You have paid me a very nice compliment and it is appreciated.

I have copied the links and will begin to plough through them--also in order as of David's links.

I was fascinated years ago by a book titled "Man and His Symbols"; I believe it had a mandala on the cover. It was a mystery to me. I started reading the book, but think that I did not follow through. I was a student at the time, as well as wife and mother and did not have much time for extracurricular reading. Now I wonder if it was related to the current study. Hmmmm.

thank you, Abu, for your kindnesses.

  Posted by Abu Aardvark on 07/24/11 04:42 PM

Posted by dotti on 07/24/11 02:12 PM
Cheers to you for your thoughtful post!

Re: "Ordinary Greeks and the others never see ANY of this "bail-out" money. The billions are sent to Greece and immediately this money is funnelled back to French, German, British banks, etc... The EU/ECB aren't bailing out these countries - which is what your treasonous politicians want their financially-feeble flock to believe - they are "bailing out" INSOLVENT, often foreign, banks - not local economies. Like-wise, the FED used QE2 to 'bail-out' European banks with subsidiaries in America. The 'American' FED is a means to an end for the Illuminati Cartel."

This is at the heart of the matter. To paraphrase the famous "It's the debt, stupid", I would say, "It's the banks, stupid".

Who is pulling the strings????? It's not seriously the politicians: it's their bankster bosses. Follow the money.

I don't know much about the supposed "Illuminati", but if someone can post a link that gives an accurate, yet simple and succinct rundown, I would much appreciate it.

thanks for your post, i.e., your "rant"! (Rather Well-put for a rant!)

"I don't know much about the supposed "Illuminati", but if someone can post a link that gives an accurate, yet simple and succinct rundown, I would much appreciate it."

---------

dotti, the links below DON'T provide a particularly SUCCINCT approach, but after following your open-minded and refreshing posts for a while, I'm pretty sure you will find the information as astonishing as I did. Cheers!

Quote:

"My efforts to further understand the forces governing the world lead me to study secret societies, mystery religions, esoteric sciences and ancient civilizations. I've spent the last seven years researching Theosophy, Freemasonry, Rosicrucianism, the Bavarian Illuminati and Western Occultism. These schools of thoughts have many things in common: they are based on Hermetic teachings (Hermes, Thoth, Enoch, Mercury), they attach EXTREME importance to symbolism and they recruit within their ranks the most prominent people of all fields of society: politics, law and public service. The natural result of this phenomenon is the display of occult symbolism in all aspects of society, especially music, movies and buildings. My goal is to bring out the meaning of these symbols in a clear, concise and entertaining way."

Click to view link

Click to view link

Click to view link

Click to view link

  Posted by David_Robertson on 07/24/11 04:33 PM

Posted by memehunter on 07/24/11 02:24 PM
Thanks for the links, David. In one of my numerous posts, I replied to your comment about the Dalai Lama and added some additional references, which you may already have read.

Sorry for the mess on this thread, but for some reason the posts were not appearing and I tried several times...

I did read something you posted about a man called Julius Evola and some of his thoughts. I have also read some material by the Trimondi couple. I must confess that this is the first time I have heard of these people and it all came about because of the spiritual battle with the Dalai Lama and his sand mandala in Washington which came to a head with the massacre in Norway.

If you have read the links I posted for Dotti you will see clearly the connection between the two events.

It is very evident that there is great deception abroad today but it all emanates from the same source, the kingdom of darkness and its rulers. What is also evident is that the nature of the struggle in the world today is spiritual not natural. There is no natural event that does not have a spiritual antecedent. Therefore if there is to be a resolution to the calamitous situation in the world it must also be spiritual.

The young man who carried out these horrendous attacks is deeply deluded about the nature of the war. As the apostle Paul said "For our struggle is not against flesh and blood, but against the rulers, against the powers, against the world rulers of this darkness, against the spiritual forces of evil in the heavens." (Ephesians 6:12)

I read somewhere that this young man sees himself as some kind of Christian warrior. The warrior is central to Tantric Buddhism so he is being influenced by that spirit whatever name it gives itself. I believe this is the connection. He also said he was combating Marxist and Muslim influences which again corresponds to the forces that Tantric Buddhism sees as its mortal enemies. He also supports Israel very strongly so this is another connection as I pointed out in my earlier post.

It seems that the Trimondis are puzzled by the admiration shown by Simon Wiesenthal and the Israelis towards the Dalai Lama given his association with Nazidom. However this is consistent with the fact that Zionism itself has an occult aspect to it and the leaders are alleged to be influenced by the Kabbala.

My own observation is that all religions have an occult dimension, Christian gnosticism or esotericism is one such, and these are all very similar in their beliefs and practices aiming as they do for the status of "ascended master". I have spoken with people from these different esoteric belief systems and they all believe much the same thing. No doubt this is one reason they put about the lie that all religions lead to God. In their case this may very well be true although the godhood they are working towards is not that of the God and Father of our Lord Jesus Christ but His adversaries as detailed by the apostle Paul in the scripture I quoted.

  Posted by dotti on 07/24/11 02:51 PM

Posted by memehunter on 07/24/11 02:35 PM
Yes, I think that David's links allude to that (I have not read all of them).

Well. I'll check it out! Guess you will, too!

Thanks.

  Posted by dotti on 07/24/11 02:49 PM

Posted by David_Robertson on 07/24/11 02:17 PM
Here are some links that will answer your question Dotti. Read them in sequence. They are a record of the spiritual warfare that resulted in the defeat of the Dalai Lama's demonic forces.

Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link

David, thanks much!!!

I have copied the links and will read in sequence.

Thanks for your presence here at DB!

  Posted by memehunter on 07/24/11 02:35 PM

Posted by dotti on 07/24/11 02:28 PM
Wasn't there some hullabaloo recently about Obama meeting with the Dalai Lama?

Yes, I think that David's links allude to that (I have not read all of them).

  Posted by dotti on 07/24/11 02:28 PM

Posted by memehunter on 07/24/11 04:02 AM
Thanks for this information. I had read that the Dalai Lama was funded by the CIA for a while and I knew about the occult connections between Nazism and Tibetan Tantric Buddhism, but this was much more detailed than I what had read before.

There is a more detailed account here:
The Shadow of the Dalai Lama - Sexuality, Magic and Politics in Tibetan Buddhism, by Victor and Victoria Trimondi

Click to view link

Section 12 of Part II deals more specifically with the connections between Hitler and Tibetan Buddhism:

Click to view link

Here is a thought-provoking excerpt for Daily Bell readers:

" J. Strunk's arguments (Zu Juda und Rom - Tibet, [To Juda and Rome - Tibet], 1937) are more far reaching; he tries to uncover a conspiracy of an international ecclesiastical elite (with members from all the world religions) with the living Buddha, the Dalai Lama from Lhasa as their visible head. 'What there are of organizations and new spiritual currents running alongside and in all directions nearly always end up on the 'roof of the world', in a Lama temple, once one has progressed through Jewish and Christian lodges' (Strunk, 1937, p. 28).

In the same year (1937) Fritz Wilhelmy published the piece Asekha. Der Kreuzzug der Bettelmönche [Asekha: The Crusade of the Mendicant Monks]. In it 'Tibetan Buddhism … [is] openly appointed to play a more than mysterious role in the great global hustle and bustle of suprastate pullers of strings' (Wilhelmy 1937, p.17).

General Ludendorff and his wife likewise took to the field with great vigor against the 'Asian priests' and warned that the Tibetan Lamas had emplaced themselves at the head of Jewish and Jesuit secret orders (Europa den Asiatenpriestern? [Europe of the Asian priests)], 1941)."

Anyone has read Strunk or Wilhelmy? Is there any basis to these assertions? I note that this "anti-Tibetan" current seems to come mostly from German quarters. In any case, that would seem like an interesting topic for research for people trying to understand the "spiritual guidance" of the NWO elites.

One thing seems clear to me, though: for a religious leader of a relatively small country, the Dalai Lama certainly seems to be involved in more than his "fair share" of relationships and collaborations with the Western elites, and I doubt that this is only related to attempts to destabilize or otherwise disrupt China (i.e., movements for Tibet's independence), as some have proposed.

Wasn't there some hullabaloo recently about Obama meeting with the Dalai Lama?

  Posted by memehunter on 07/24/11 02:24 PM

Posted by David_Robertson on 07/24/11 02:17 PM
Here are some links that will answer your question Dotti. Read them in sequence. They are a record of the spiritual warfare that resulted in the defeat of the Dalai Lama's demonic forces.

Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link

Thanks for the links, David. In one of my numerous posts, I replied to your comment about the Dalai Lama and added some additional references, which you may already have read.

Sorry for the mess on this thread, but for some reason the posts were not appearing and I tried several times...

  Posted by dotti on 07/24/11 02:23 PM

Posted by John Danforth on 07/23/11 10:27 PM
Bravo, Thomas, this is an issue worthy of a dedicated article by the Elves.

It's a meme I hear repeated every single day on radio and TV. "Corporations are sitting on billions, but they won't hire people because of uncertainty. Businesses hate uncertainty."

This one is so obvious it is gagworthy. Notice that the implication is that if Obama would just go ahead and get it over with and raise taxes and spending, then uncertainty would be gone, and businesses would begin hiring again (as if businesses are some kind of jobs program, or as if they would start hiring before more demand became evident, but I digress). It is not uncertainty that is keeping businesses from hiring. It is the THREAT. If the administration pulls the trigger on taxes and spending, the jobs are not going to materialize. The capital will leave the jurisdiction. Or I should say the capital will continue to flee out of the reach of the Tax Pigs.

I liked the original post by Thomas, but as usual, John, you added to his thoughts.

There is not enough emphasis on the fact that the only conceivable way (not necessarily a high probability, perhaps not even a possibility) would involve growing the economy.

100% of zero is still zero.

Raising taxes is all for show--and we know who the show is for. Mostly for those who already don't pay any taxes--50% of the populace. (At least, they don't realize the taxes they pay!)

I think that the business-as-usual politics in DC is beginning to frighten some of the more cogent of the politicians: are they really going to crack and scramble the golden egg--pluck and cook the golden goose?

John, thanks for your posts.

  Posted by David_Robertson on 07/24/11 02:17 PM

Posted by dotti on 07/24/11 01:50 PM
Hello, David. Thanks for your post. I read your post, then went to the article and read it. I returned and re-read your post.

I believe in the forces of evil and anything to do with what is loosely called "the occult" is interesting--and scary--to me.

I was especially interested in your statement that "He failed in the attempt" this July. That "The spirits had failed to enter the United States..." seemed rather vague to me. Can you provide more information?

Thanks for your posts.

Here are some links that will answer your question Dotti. Read them in sequence. They are a record of the spiritual warfare that resulted in the defeat of the Dalai Lama's demonic forces.

Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link
Click to view link

  Posted by dotti on 07/24/11 02:12 PM

Posted by Aloysius McGuinness on 07/23/11 01:38 PM
Ideological War-fare

How does one rationally and consciously absorb all these potentially-orchestrated tragic events in Norway and beyond?

If the financial markets are now a "war zone" - which is how I perceive things, then the MSM versus the Internet Revolution is equally one. I would go further and say that, within the alternative internet "community" in of itself, a "war zone" of ideas, ideologies and propaganda is profusely propagating - creating intellectual and political havoc, across a plethora of spectrums, e.g. - Who's exactly doing what (murderous crimes) to whom ? - nobody knows for sure, or so it seems - NATO is a terrorist organisation, for example, but 99% of the Western population will tell you the contrary.

And the events in Norway could very possibly be the extreme frustrations of just one man - it would not surprise me.

To discern what and whom we're up against exactly, we need to keep our wits about us and our defiance well targeted, in order to navigate intellectually these minefields of rampant speculation. A case in point, is the grossly misconceived idea adopted by the sheeple/masses, that they, as plundered tax-payers, are bailing out the lazy, spendthrift Greek, Irish and Portuguese people - NOTHING COULD BE FURTHER FROM THE TRUTH !!

Ordinary Greeks and the others never see ANY of this "bail-out" money. The billions are sent to Greece and immediately this money is funnelled back to French, German, British banks, etc... The EU/ECB aren't bailing out these countries - which is what your treasonous politicians want their financially-feeble flock to believe - they are "bailing out" INSOLVENT, often foreign, banks - not local economies. Like-wise, the FED used QE2 to 'bail-out' European banks with subsidiaries in America. The 'American' FED is a means to an end for the Illuminati Cartel.

Therefore, one must remain mighty vigilant - even prepared to negate all our previously held doctrines, as the internet has the potential to enlighten us immeasurably, as well as to maliciously and shrewdly lead us astray.

Consequently, we must be more than ready when the racketeering banking mafia comes-a-calling to greedily claim our lands, lakes, mines, industries, businesses etc... Greece and Spain are seemingly doing their best (demonstrating and rioting) - why aren't WE all demonstrating in front of our national parliaments or central banks in support of them? - as we ourselves are surely the NEXT UP for the Giant Squid's next liquidating meal.

If for the moment We, the People, think that we're gaining ground on the criminal "elite", think again. The Banksters will replique, up the anti, turn off the internet juice. Spreading FEAR is their strongest tool ; terrorism, wars and bloody murderous newspaper headlines etc...Let's sincerely hope that the elite's ponzi petrol-dollar system implodes sooner rather than later. The sole enemy of the People, mes amis, is the ever enlarging Rothchild-inspired European Cartel of Central Banks. One target, one response.

Western governments are just a mere, queer façade, stuffed full of devilishly mad puppet monsters, selling their souls to the highest bidders.

(I apologise if the above isn't quite coherent or orderly - more of a disjointed rant than anything - Cheers if you got this far ;-)

Cheers to you for your thoughtful post!

Re: "Ordinary Greeks and the others never see ANY of this "bail-out" money. The billions are sent to Greece and immediately this money is funnelled back to French, German, British banks, etc... The EU/ECB aren't bailing out these countries - which is what your treasonous politicians want their financially-feeble flock to believe - they are "bailing out" INSOLVENT, often foreign, banks - not local economies. Like-wise, the FED used QE2 to 'bail-out' European banks with subsidiaries in America. The 'American' FED is a means to an end for the Illuminati Cartel."

This is at the heart of the matter. To paraphrase the famous "It's the debt, stupid", I would say, "It's the banks, stupid".

Who is pulling the strings????? It's not seriously the politicians: it's their bankster bosses. Follow the money.

I don't know much about the supposed "Illuminati", but if someone can post a link that gives an accurate, yet simple and succinct rundown, I would much appreciate it.

thanks for your post, i.e., your "rant"! (Rather Well-put for a rant!)

  Posted by dotti on 07/24/11 02:04 PM

Posted by Bischoff on 07/23/11 09:25 PM
" A group of technical analysts for Barclays now estimate a potential gold price rise to $1,635 an ounce, though they suggest waiting for a pullback (to the US1550 area) before making additional purposes. According to S&P's Mark Arbeter, a "measured move" to $1,700 an ounce appears possible although a "blow off" move to $2,000 an ounce is not impossible either."

This technical jargon leaves the impression that gold is just another commodity. It intimates that the "price" of gold depends on the supply and demand of gold. It does not. The "price" of gold depends on the supply of irredeemable currency only. All currencies in the world today are irredeemable. I feel sorry for the investors who speculates on the price of gold. Gold is not a commodity for speculation. Gold is an instrument to secure ones wealth. However, gold earns no interest. If the political and financial situation becomes precarious, certain people will forego the return on their equity and debenture investments, and they will seek safety in physical gold.

But, who are those people...??? They are not the IRA and 401K owners. They are not the pension funds which depend on ERISA to bail them out. They are people of wealth who have decided that under the circumstances, it is more important to preserve the value of their assets, rather than employ their assets for a return. The number of people who can secure their assets by turning them into physical gold are relatively few.

The average person will not be a major factor in the "gold market". He needs all the assets including the IRAs and 401Ks to maintain a living standard which is rapidly being undermined. He has nothing left to save in the form of physical gold.

Therefore, unless China or India, maybe Russia or Brasil will enter the "gold market" through their central banks, the price of gold depends entirely on the supply of the USD/FRN, and the supply of USD/FRNs depends on the price of Saudi crude set in Riyhad and Houston.

As to silver, the picture is even trickier to understand. Silver is an industrial commodity and not primarily "money". Those who believe that the "price" of silver depends on the supply of irredeemable currency, instead of the supply and demand of silver in the market, will be disappointed with their silver investments. While the quantity of gold in above ground inventory worldwide is pretty well known, the quantity of silver is shrouded in a mystery. That ought to tell you something.

Ingo, thanks for your post.

I am finding that more people of MBA status are "taking a look at gold". These are not your typical mom and pops, nor are they the top 5% of wealthy.

People who thought even 1% of a portfolio in gold was just plain weird are reconsidering based on their real-world information that contradicts their MBA training that gold should never be considered as an investment.

I believe that if the irresponsible printing of fiat currencies continues, we will have an economic collapse in which all fiat currencies lose their value. In such a case, there would be a return to something of a barter system. In that system, gold would be far too valuable to trade for a gallon of water or a bucket of beans. A 90% silver dime, however, may be a useful "token" to be traded.

In an earlier feedback I posed the queestion regarding what would be a worthwhile "exchange value" for gold/silver. I cannot imagine anyone trading gold/silver for irredeemable currency of any sovereign without some sort of substantial change in global financial markets. And I would find it hard to TRUST even any supposedly "redeemable" currency. Haven't we heard that before?

Thanks for your posts. Bottom line is that i consider silver to be more volatile than gold--it may end up closer to the 1/15 ratio with gold or 1/150. I don't know.

But it's all interesting, yes?

  Posted by dotti on 07/24/11 01:50 PM

Posted by David_Robertson on 07/23/11 05:55 PM
There is an interview from Thursday, September 11, 2003 (there is that date again) dealing with Tantric Buddhism and the Dalai Lama that has a lot more to do with the events in Norway than you might imagine and is intimately connected with what is happening in the world today.

Click to view link

I encourage those with an interest in the larger picture to read the interview. Let me just say that the Dalai Lama built and destroyed a Kalachakra Sand Mandala in Gothenburg Sweden in June 2005. He then went directly to Oslo where he met with the prime minister and members of the Norwegian government. Oslo and Gothenburg are twin cities.

Oslo is the city where the Peace Accords were signed first in August 1993 then in Washington on September 13, 1993. Yitzhak Rabin received the Nobel Peace Prize in Oslo in 1994 for his involvement with the Peace Accords. The Nobel Peace Prize is the only Nobel prize awarded in Oslo. The ostensible purpose of a Kalachakra Sand Mandala is the promotion of World Peace.

These mandalas contain 722 Buddhist deities, spirits, demons. This is a counterfeit of the Feast of Tabernacles, one of the ancient feasts of Israel given to them by Moses which was held between the 15th. and 22nd day of the seventh month. The 22nd. day was the greatest day of the great feast. This is the final great feast on the Hebrew calendar and spiritually points to the manifestation of the sons of God. This is the goal of the Buddhist to become an "ascended master" and to rule the world in a Buddhocracy with the Dalai Lama as the supreme deity.

The Dalai Lama was in Washington DC between 6th. and the 16th. of July 2011 to build and destroy a Kalachakra Sand Mandala. He failed in this attempt. He tried again in a private ceremony on 18th. July 2011 and again he failed. The spirits had failed to enter the United States and so sought an alternate target which was Oslo because of the connections I have mentioned above and the attack was on the 22nd. day of the seventh month. The use of a right wing extremist is consistent given the history of the religion. That he may have been a golem under the control of occult powers in the intelligence services is a possibility. Once again I will say read the interview for some background. Click to view link

Hello, David. Thanks for your post. I read your post, then went to the article and read it. I returned and re-read your post.

I believe in the forces of evil and anything to do with what is loosely called "the occult" is interesting--and scary--to me.

I was especially interested in your statement that "He failed in the attempt" this July. That "The spirits had failed to enter the United States..." seemed rather vague to me. Can you provide more information?

Thanks for your posts.

  Posted by John Danforth on 07/24/11 12:54 PM

Posted by Abu Aardvark on 07/24/11 06:51 AM
"That chart shows a pretty much 1:1 correlation between inflation and the price of gold."

Well, that's why I posted it.

And, of course, ALL our central bank-"money" is created out of thin air.

Actually, I don't know what makes you think I suggested otherwise.

Probably a misunderstanding caused by my poor english. Sorry, John.

No, I apologize. Sorry for the misunderstanding. Please forgive me!

  Posted by dotti on 07/24/11 12:12 PM

Posted by Thomas Molitor on 07/23/11 04:26 PM
Bernanke was asked by Ron Paul, "Why do people buy gold?," to which Bernanke answered, "because of uncertainty in marketplaces." This is flat wrong. People are buying gold because of "certainty" - certainty that Mr. Bernanke and his fellow 100 central bankers around the world will continue to print money, inject debt, and ruin the value of paper currencies.

thanks Thomas! concise and to the point.

  Posted by dotti on 07/24/11 12:09 PM

Posted by injun1 on 07/23/11 02:10 PM
The price of gold has risen for various reasons but up to this point it is mainly because of the efforts of professional hedgers and speculators. That is why the price of gold will go higher. Probably much higher. Today's price of gold doesn't reflect the sentiments of the wave of purchasing that will probably occur by the so called little guy.

The little guy hasn't entered into the gold market yet, but when he does, it will create quite a disturbance in metal prices. Similar to the days of tulips. They will scramble around like chickens with their heads cut off, attempting to purchase every bit of gold they can get their hands on. They, like always, will be purchasing at the top of the market. They in fact, will be creating the top!

The emotional purchase of anything is a dangerous thing. The mindset of mistrust, is one that must be carefully weighed, when one is emotionally involved in the markets. That is why the little guy stands no chance in protecting him or herself. Gold is a direct reflection of sentiments. The emotions of the screaming and hollering, have not entered into that sentiment buying. YET! But it will come, and I for one, will get out of their way, as it is to chaotic and emotionally disturbed. It again will point to the top. They will likely lose, most, if not all their purchase value, as quickly as their purchases were made. Holding gold and trading gold are two different types of markets. One can liquidate on the push of a button, while the other suffers the swings in price movements. In this case downward.

I hate to see it happen, but there is nothing I can do but to sit on the sidelines and watch the destructive nature of emotions, take it's toll once again on the uneducated and emotional buyer. My heart goes out to them.

Let me see, hmmmm......

On the other hand, perhaps there is something I can do to help them.
Listen grandma and grandpa! When you see your neighbor starting to buy gold, GET OUT!

injun1, I have read many of your posts with interest. This one is no exception. I wonder, however, when grandma and grandpa GET OUT of gold, to what will they entrust their assets? Do you recommend any fiat currency? Real estate? Beans and rice?

Of the three options listed above, the only one that i would see as profitable would be Option #3: Beans and rice--or alternatively, guns and ammunition.

Thanks for your posts!

  Posted by memehunter on 07/24/11 11:15 AM

OK, well I wrote another comment that again does not post. Not sure what is wrong with the content of my posts...

Reply from The Daily Bell

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