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16 Things About 2013 That Are Really Going To Stink

16 Things About 2013 That Are Really Going To Stink | Gold and What Moves it. | Scoop.it

The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 ...

 

... #1 Taxes Are Going To Go Up


#2 The Middle Class Is About To Be Scorched By The Alternative Minimum Tax ...

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LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

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Central Bank "Wealth Effects" Doctrine At Work: Meet The $550K "Crap Shack" In Culver City CA

Central Bank "Wealth Effects" Doctrine At Work: Meet The $550K "Crap Shack" In Culver City CA | Gold and What Moves it. | Scoop.it
The purpose of central bank financial repression and ZIRP is to distort and inflate asset prices. Our monetary politburo even admits that it is in the monetary scam business via its self-serving doctrine called “wealth effects”.

The game here is to drive the stock market averages ever higher through massive liquidity injections into the Wall Street dealer markets. This purportedly causes people to feel richer and to spend and invest more, creating a virtuous circle of prosperity, world without end.

We know by now, however, that “wealth effects” money printing does not help the main street economy. And while it does produce awesome financial market gains—–these turn out to be unsustainable bubbles that inexorably crash. Since the turn of the century, most central banks have participated in this scam—either because they have embraced the Keynesian gospel or have joined the money printing party out of defensive necessity to protect against inflation of their own exchange rates. So the resulting financial bubbles have been global in scope
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Fight for physical gold has started (just like ‘68) - @Mineweb.com

Fight for physical gold has started (just like ‘68) - @Mineweb.com | Gold and What Moves it. | Scoop.it
Author: Willem Middelkoop
Posted: Wednesday , 26 Nov 2014
THE BIG RESET - 

Gold is making a remarkable come back into our financial system. Russia and China are openly accumulating gold in an aggressive way, while India has been confronted with huge gold demand, even leading to large trade deficits.

In Europe Germany, Switzerland, France and the Netherlands are in the process of repatriating gold or discussing it. On top of this even the ECB stated they could buy gold, probably in an effort to fight deflation.

You could say a new gold standard is being born without any formal decision.
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Silver looks particularly attractive relative to Gold - Shanghai Metals Market

Silver looks particularly attractive relative to Gold - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
The gold/silver ratio ended the week near 74, the highest since January of 2009, highlighting just how cheap silver is right now relative to other assets. Silver looks particularly attractive relative to Gold
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oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins

oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins | Gold and What Moves it. | Scoop.it
The fundamental problem facing the global economy is not slow economic growth but political inequality.

It's striking: as economies stagnate, the top tier is living even larger while the low-income masses sink further into marginalized poverty. I call this widening divide between the vested interests/wealthy and the rest of society prosperity amidst the ruins.

How can the top slice prosper while the rest of the populace suffers from higher taxes, stagnant wages and a collapse of employment/enterprise opportunities?
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The Housing Market: Fact vs. Fiction | Investment Research Dynamics

The Housing Market: Fact vs. Fiction | Investment Research Dynamics | Gold and What Moves it. | Scoop.it
The homebuilders have had near-parabolic run-up in their stock prices.  This is not atypical of the sector, which is twice as volatile as the overall stock market because of the extreme amount of debt embedded in homebuilder balance sheets and the relatively high short-interest in the shares. Incredibly, the homebuilder stocks can’t even get back to within 50% of their peak prices in 2005 at a time when the S&P 500 sets a new record every day. That fact alone in and of itself reflects to relatively poor fundamentals underlying the housing market.

Of course, the homebuilders continue to pile on debt and inventory just as the slightly reflated housing bubble is popping.  I’ve updated the Q3 results for one of the homebuilder reports I published in October.  
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​‘BRICS system’ – healthy alternative to ‘defunct dollar system’

​‘BRICS system’ – healthy alternative to ‘defunct dollar system’ | Gold and What Moves it. | Scoop.it
The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig.

“A ‘BRICS system’ would offer a healthy alternative to the highly indebted and defunct dollar system, where money is printed at will,” Koenig said in an interview with Asam Ismi of the Canadian Centre for Policy Alternatives.

A 'BRICS system' should be based on a new currency, which Koenig called 'Bricso.'
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Global gold supply in deficit this year, even more so next - GOLD ANALYSIS - Mineweb.com Mineweb

Global gold supply in deficit this year, even more so next - GOLD ANALYSIS - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it
Author: Lawrence Williams
Posted: Tuesday , 25 Nov 2014
LONDON (MINEWEB) - 

In a previous article we have already shown that Indian and Chinese gold demand between them currently account for annual gold consumption levels of perhaps as much as 3,100 tonnes, roughly equivalent to global new mined gold production as recorded by the World Gold Council (3,115 tonnes over the 12 months to end September).

The Chinese and Indian figures we have recorded are probably themselves understated – with Indian consumption swelled by smuggled gold imports to avoid the 10% import duty and take advantage of the gold premiums on the Indian markets. China’s figures are also understated in that they are mainland China figures and do not include Hong Kong net gold imports which probably should add another 40-50 tonnes to the figure given that Hong Kong is technically part of China, but in terms of economic statistics, including gold net imports, it is treated as an independent state.

But what we haven’t detailed is the real level of gold consumption elsewhere in the world, for which we will go back to World Gold Council (WGC) figures to detail. 
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Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold | Zero Hedge

Here Comes France: Right-Wing Leader Marine Le Pen Demands Central Bank Repatriate French Gold | Zero Hedge | Gold and What Moves it. | Scoop.it
First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.
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oftwominds-Charles Hugh Smith: Nothing Has Changed--and That's the Problem

oftwominds-Charles Hugh Smith: Nothing Has Changed--and That's the Problem | Gold and What Moves it. | Scoop.it
Playing monetary games has done nothing to eliminate moral hazard.

If we step back and look at the past six years since the global financial meltdown of 2008, we see that in terms of financial and political power, nothing has changed--and that's the problem. If nothing has changed structurally, then none of the problems that caused the meltdown have truly been addressed.

All that's changed is the vast expansion of monetary games has masked the dysfunctional reality that the same old vested interests that had a death-grip on wealth and power in 2008 have tightened their death-grip in the past six years.
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Worker says New York bureau manipulated Census data

Worker says New York bureau manipulated Census data | Gold and What Moves it. | Scoop.it

by John Crudele:

 

Workers in the New York Census Bureau region were also fooling around with economic data collected in surveys.

 

And in New York, this nonsense goes back at least to the last national census in 2010, according to a source.

 

That decennial census is used not only to determine representation in Congress, but also how many schools, cops, teachers and other services are needed in areas of the country.

 

In case you are keeping track — and if you aren’t, I am — this now means whistleblowers have stepped forward in five of the six Census regions to report data manipulation.

 

I’m still waiting for someone in Atlanta to confess, which I expect to happen since that region has ...

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Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?

Are You Better Off This Thanksgiving Than You Were Last Thanksgiving? | Gold and What Moves it. | Scoop.it
Are you in better shape financially than you were last Thanksgiving?  If so, you should consider yourself to be very fortunate because most Americans are not.  As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions of Americans that simply cannot afford to eat such a meal.  According to a shocking new report that was just released by the National Center on Family Homelessness, the number of homeless children in the U.S. has reached a new all-time high of 2.5 million.  And right now one out of every seven Americans rely on food banks to put food on the table.  Yes, life is very good at the moment for Americans at the top end of the income spectrum.  The stock market has been soaring and sales of homes worth at last a million dollars are up 16 percent so far this year.  But most Americans live in a very different world.  The percentage of Americans that are employed is about the same as it was during the depths of the last recession, the quality of our jobs continues to go down, the rate of homeownership in America has fallen for seven years in a row, and the cost of living is rising much faster than paychecks are.  As a result, the middle class is smaller this Thanksgiving than it was last Thanksgiving, and most Americans have seen their standards of living go down over the past year.
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The Golden Canary

The Golden Canary | Gold and What Moves it. | Scoop.it
Gold has always been viewed as a safe haven for investors when world markets are in turmoil. When the bear comes out of the cave, sell your stocks and guy gold, then sit tight until the bulls are back. That cute little system has worked for people since our nation left the gold standard back in the sixties, but it has turned gold into the proverbial canary in the coal mine. When the canary stops singing, due to unbreathable or flammable gasses building up, the miners better get out. That little system worked pretty well also… that is until the canary died in 2008 and somebody nailed him to his post and set up a recording of a canary singing in the background and told the miners to go back to work.

And they did.

So today, gold prices are allegedly manipulated. Not all the time, mind you, not so much that we notice something wrong with our canary, but just enough to contain price, just enough to keep the miners working, just enough to keep investors from panicking, selling their stocks, and jumping into gold for safety.

Currently precious metals prices are lower than the cost to mine them. Sure, miners can go to their hi-grade veins and keep running, but that is not a sustainable business model, only to be used for emergency situations. The central mass media companies, all owned by the same cabal of investors, are providing the canary songs
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SETTING THE STAGE FOR THE NEXT RECESSION - Smart Money Tracker

SETTING THE STAGE FOR THE NEXT RECESSION - Smart Money Tracker | Gold and What Moves it. | Scoop.it
After two years of insane money printing designed to rescue its failing economy, Japan has now been rewarded with… another recession.

So what went wrong you ask? The same thing that always goes wrong when a central bank resorts to money printing to rescue an economy instead of allowing a cleansing period and a return to real productive growth. All they accomplished with their massive QE program was to spike inflation.

As I have pointed out many times in the past, any time the price of energy spikes 80-100% within a short period of time it will almost always cause a recession. As you can see on the chart below when Japan began their foolish money printing campaign it spiked the price of oil 83% as priced in yen. Add to that the increase in sales tax and ultimately this was just too much for the Japanese economy to withstand, and it has now turned back down into another recession.
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Le Pen calls for audit of French gold reserves - @Mineweb.com

Le Pen calls for audit of French gold reserves - @Mineweb.com | Gold and What Moves it. | Scoop.it
Author: Lawrence Williams
Posted: Wednesday , 26 Nov 2014
LONDON (MINEWEB) - 

Demands for gold reserve accountability have been rising in Europe – is this something that could spread around the world for those nations who own gold in vaults in countries other than their own – or indeed supposedly held even in their own countries? 

We have seen Germany requesting repatriation of around half of its gold reserves, mostly held in the US, the recent return of some of its foreign held gold to The Netherlands, the Swiss referendum on the return of much of the nations’s gold and the raising of its reserve levels to 20% of its foreign reserves, and now the latest is a request to M. Christian Noyer, the Governor of the Bank of France, for that nation’s gold reserves to be comprehensively audited. 

The request has come in the form of an open letter from the French right wing Front National opposition leader, Marine Le Pen
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Gold Ends Near Steady In Lackluster, Pre Holiday Trading - Shanghai Metals Market

Gold Ends Near Steady In Lackluster, Pre Holiday Trading - Shanghai Metals Market | Gold and What Moves it. | Scoop.it
Gold prices ended the U.S. day session near unchanged Tuesday. Chart consolidation was a featured in a ho-hum trading session. Gold Ends Near Steady In Lackluster, Pre-Holiday Trading
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Gold imports rises at 95,673 kg first six months of financial year - The Economic Times

Gold imports rises at 95,673 kg first six months of financial year - The Economic Times | Gold and What Moves it. | Scoop.it
India imported 95,673 kg of gold in September, the highest in the first six months of this financial year, Parliament was informed today.
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Russia has announced that it is developing its own version of SWIFT - Hathaway

Russia has announced that it is developing its own version of SWIFT - Hathaway | Gold and What Moves it. | Scoop.it

John Hathaway writes:

 

Russia has announced that it is developing its own version of SWIFT, a network that enables financial institutions to communicate electronically in a secure fashion, which it expects to launch in 2015. The clear intent is to bypass Western financial institutions and conventions.

In our opinion, a world in which the dollar becomes increasingly marginalized as a reserve currency will look substantially different. As noted by Andrew Smithers in the Financial Times (11/12/14), the US is a massive hedge fund, “long equities and short debt,” with an international net debtor position equivalent to 31 percent of GDP. As long as dollar reserves have utility, dollar-denominated assets can thrive. Utility is in large part a matter of perception and confidence, in our view, and the fundamentals underlying the notion of a strong dollar are sliding in the wrong direction. At the moment the long dollar trade seems extremely crowded, with CFTC speculative long exposure near record highs (see chart below). In the short term the dollar may seem to be a lifeboat for unwanted yen and euros, but in the intermediate to longer term it is a lifeboat that suffers from the flaws inherent in all paper currencies. Today’s clamor for dollars will, in our opinion, become tomorrow’s dollar overhang.

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Gold is Kryptonite to the Dollar-Bill Holter | Greg Hunter’s USAWatchdog

Gold is Kryptonite to the Dollar-Bill Holter | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
By Greg Hunter’s USAWatchdog.com 

Financial writer Bill Holter says the players in the gold markets are fearful. Why?  Holter says, “The GOFO rates, or gold forward rates, in London are negative.  They should never be negative, and they are more negative now than any time since 2001.  That shows extreme tightness in the metals market. To me, it shows mistrust.  It shows that people are saying I want my gold now.  I don’t want gold in the future, I want it now.  Negative GOFO rates should never happen.”  Holter also says that the COMEX market is what he calls “corner-able.” 

How much would it take to buy the entire deliverable gold and silver inventory? Holter says, “The way I would put it is it’s a ham sandwich without the ham or the cheese.  You are talking about $1 billion would be enough to clean out COMEX gold registered category, and another billion dollars would clean out the silver inventory.   It’s nothing.  $2 billion dollars would clean the shelves dry.”
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More Central Bank Monetary Heroin Will Spark Currency Race To The Bottom, Global Implosion

In a column on his Contra Corner blog, Stockman said spend-thrift central bank policies globally – from the U.S. to Europe and Asia – have set up a bout of industrial deflation that is bound to be ...
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He Who Has the Gold - American Hard Assets

He Who Has the Gold - American Hard Assets | Gold and What Moves it. | Scoop.it
He who has the gold is not one who wants dollars, not at this moment. But there are still a lot of people who trust in the dollar, numbered among the Godly.
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Dr. Paul Craig Roberts - The Whole Thing is a House of Cards Based in Corruption - YouTube

Thanks for watching/listening. Please Subscribe, Share, Comment Visit Dr. Paul Craig Roberts at http://www.paulcraigroberts.org What the polls in Switzerland...
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Russell - Total Collapse & The Monetary Story Of The Century

Russell - Total Collapse & The Monetary Story Of The Century | Gold and What Moves it. | Scoop.it
Russell:  “I’m looking at a report from the World Gold Council, September 2014. I was shocked to see that according to the official world gold holdings, the US holds the largest amount of gold of any nation in the world. Even more astounding, the US leads the world in the percentage of its currency reserves in gold. According to the World Gold Council, the US holds 72% of its forex reserves in gold.
 
How can this be? Widespread rumors have it that the US has sold or leased all its gold and cannot even ship the gold that Germany has called in. Either the World Gold Council is presenting wrong figures or a mighty scandal is upon us. If the US has this amount of gold, which would be bullish, why haven’t we been told about it? Or why doesn’t the US run an honest audit on our gold?
 
Here’s what I’ve been thinking: the Fed despises gold and wants to make its own fiat currency the only legal currency. Therefore, if you really hold this tremendous amount of gold (8,133 tonnes), how would the Fed explain it? The other question: why doesn’t any publication pick up the story of the US government owning 8,133 tonnes of gold? Why isn’t any American told that gold represents 72% of our currency reserves?
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Gold Miner Says Gold Manipulation is Real, Gold Plunge Inconceiveable

Gold Miner Says Gold Manipulation is Real, Gold Plunge Inconceiveable | Gold and What Moves it. | Scoop.it

The Founder and CEO of gold and silver miner McEwen Mining, Rob McEwen was very candid on a recent conference call with his investors.   McEwen discussed his compay's abysmal quarterly performance and went on to leave several points of perspective.  Chiefly, that if the gold and silver price were to continue a downward projection his company and industry would have no choice but to halt production and mining.  

 

Read more at: http://bit.ly/1uBobQV

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oftwominds-Charles Hugh Smith: Central Banks: When We Succeed, We Fail

oftwominds-Charles Hugh Smith: Central Banks: When We Succeed, We Fail | Gold and What Moves it. | Scoop.it
Goosing stocks ever higher will eventually push wealth inequality to the point that it unleashes social instability.

Central banks around the world share a few simple goals:

1. Defeat deflation by sparking inflation--in the cost of goods and services, not wages.

2. Weaken the currency to boost exports and counter beggar thy neighbor devaluations by other exporting nations and trading blocs.

3. Boost the value of stocks to keep pension plans afloat and project a politically powerful message of "growth" and "prosperity."


What no central bank dares say is what happens should they manage to boost inflation, devalue their currency and continue pushing assets higher: when we succeed, we fail.
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oftwominds-Charles Hugh Smith: The Astonishing Rise of Central Bank Fear

oftwominds-Charles Hugh Smith: The Astonishing Rise of Central Bank Fear | Gold and What Moves it. | Scoop.it
Anyone who looks at central bankers speak can sense the fear behind their absurd bravado, and the dishonesty of their public confidence.

The extraordinary disconnect between soaring stock markets and stagnating real economies has been gleefully embraced by all who benefit from the disconnect:


The financial media, brokerages, investment banks, politicos who have made stocks the barometer of "prosperity" and of course the top 5% who own roughly 3/4 of the financial assets of the nation.
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