This is a breaking economic and precious metals update from SGT Report.com. Andy Hoffman from Miles Franklin helps us frame up the severity of today’s global economic picture: “There is going to be nothing left that the bankers can do except create hyperinflation. That’s their only tool left. This is the end game.”
Remember that “collapse” we’ve been telling you is coming? Well, sure looks like it’s here. And Deutsche Bank and its $55+ TRILLION in derivatives is leading the charge. In fact, Andy Hoffman says, DEUTSCHE BANK IS ON THE VERGE OF TAKING DOWN THE ENTIRE GLOBAL MONETARY SYSTEM. Bix Weir from Road To Roota has a new book out called The Road Awakens and Bix is back to help us break down the latest, and remind us that aside from PHYSICAL gold and silver in hand, none of us “own” what we think we do.
Even as all sides – including the US, Russia, Saudi Arabia, and select rebel groups – pretend to be working towards a ceasefire and a diplomatic solution to the five year conflict in Syria, actions speak louder than words, and to put it as succinctly as possible, everyone is still fighting.
In fact, the fighting is more intense than ever. Russia and Hezbollah are closing in on Aleppo, the country’s largest city and a key urban center where rebels are dug in for what amounts to a last stand. If the city is liberated by the government (and yes, “liberated” is more accurate than “falls” because occupied territory belongs to the Syrian government, not to Sunni extremists), Assad will have regained control of the country’s backbone in the west.
All Turkish military actions are approved by or complicit with Washington. Erdogan would never act unilaterally on his own, not even aggressively against his own Kurdish population, slaughtering civilians in cold blood.
Does he intend a Syrian incursion, unprovoked aggression, if launched? Russian evidence suggests it, according to Defense Department spokesman General Igor Konashenkov, saying:
“We have serious grounds to suspect intensive preparations by Turkey for a military invasion on the territory of the sovereign state of Syria. We are recording more and more signs of concealed preparations by the Turkish military.”
If there is a major crisis – from an economic collapse, to a terror attack, natural disaster or mass civil unrest – your first thought may be to escape the city and retreat to the safety of your hideaway shelter in the countryside. But that’s exactly what the collectivist government DOESN’T want you to do.
Instead, they want you to line up and join the masses at overcrowded FEMA camps and public shelters… and hope for the best.
Propaganda films during the atomic age were heavy on the scare tactics, but this one made clear that self-reliance and prepper-minded individuals are going too far against society – and should be regarded as “deserters” and “treasonous” if they don’t stay put in their cities, follow orders and show up for their job.
A clarification: We tend to use the regular Friday closes for our charts to avoid the closing “fix” that can sometimes time be several dollars for gold and several cents for silver away from the end of Friday trade. It is not of much consequence because we are consistent in doing it that way, but two weeks ago, the was a substantial rally after the normal close, and it was not taken into consideration during our analysis.
More people are becoming aware that not all is as it seems with the federal government, but there is still a reluctance, even a refusal, to attribute many of today’s existing problems as a root cause by the federal government, which is not a government of, by, or for the people.
It is the job of the Fourth Estate to act as a check and a restraint on the others, to illumine the dark corners of Ministries, to debunk the bureaucrat, to throw often unwelcome light on the measures and motives of our rulers. ‘News’, as Hearst once remarked, ‘is something which somebody wants suppressed: all the rest is advertising’. That job is an essential one and it is bound to be unpopular; indeed, in a democracy, it may be argued that the more unpopular the newspapers are with the politicians the better they are performing their most vital task.
– Brian R. Roberts from a October 29, 1955 article in the London periodical “Time & Tide”
After months of testing and build-out, the Allocated Bullion Exchange finally went “live” back on Wednesday. What is this new exchange and why does it pose such a direct threat to the current, fractional reserve LBMA system? For answers, we sought out CEO Tom Coughlin and our old friend and ABX Advisory Board member, Andrew Maguire.
After years of development, the Allocated Bullion Exchange is now fully operational. Here’s a link to their site: https://abx.com
In these back-to-back interviews, Tom and Andy address many of the questions you may have regarding the new exchange. They explain how the exchange functions for retail and institutional investors and they also detail why ABX is such a threat to the Bullion Bank status quo. Among the topics covered:
How will this exchange differ from the existing LBMA structure?
The ability of the exchange to provide a disruptive technology that allows users to entirely circumvent the LBMA.
In stark contrast to the LBMA, the anonymity that this new exchange gives market participants, thereby eliminating the possibility of bullion bank front-running of orders.
The global network of vaulting and settlement facilities, in place from day one, which allow the exchange to function on a 100%, fully allocated framework and gives users the ability to buy and sell at spot prices around the globe.
Few can deny the common sense behind preparing for something that is definitely going to happen, yet every year, an impending winter storm sends people rushing out to the store at the last minute, prepping for a blizzard that is due to hit in mere hours. Every winter, if you live in certain climates, blizzards are going to occur. Usually, at least one storm will hit that will cause you to be snowed in. Often, those storms mean you will also lose power. There is the inevitable rush to the store for milk and bread, during which people battle it out for the last supplies left on the shelves.
But you can avoid all that. You don’t have to be a bunker-dwelling, MRE-chomping, camo-clad prepper to see the logic behind keeping some extra food and other supplies on hand for something that happens every single year.
The issue of War Crimes emerged after World War I at the Versailles Conference, but it was not until the end of World War II that a more comprehensive definition of what constitutes war crimes was developed. First among new international conventions addressing war crimes was the 1950 Charter of the Nuremberg Tribunal. Its fundamental premise was that the conduct of war in violation of international treaties was a crime against peace. Ill treatment of prisoners of war, killing hostages, plunder of public or private property, wanton destruction of cities, towns, or villages was a war crime. Crimes against humanity include murder, extermination, deportation, and prosecution based on political, racial or religious grounds.
The 1949 Geneva Convention gave recognition to the development of new technologies which exposed civilian life to greater threats of destruction.
The self-described “most transparent administration in history” declined to say how much it seeks to bill taxpayers for individual spy agencies as part of President Barack Obama’s final budget request to Congress.
Disclosing any agency-specific information — such as whether the controversial National Security Agency or lesser-known National Reconnaissance Office won backing for a raise or a cut — “could harm national security,” the Office of the Director of National Intelligence said Tuesday in a press release.
“Massive Deterioration,” the CEO called the phenomenon.
“Bellwether for global trade,” that’s how the Financial Times described Maersk Lines, the world’s largest container shipping company. It’s owned by Danish conglomerate AP Møller-Maersk, which also owns, among other divisions, Maersk Oil. The conglomerate reported fourth quarter earnings today. And they were a doozie.
Maersk B shares plunged over 9% to 7,395 Danish kroner, before bouncing off and closing at 7,875, down 3.6% for the day and down a breath-taking 52% from their peak on March 30 last year.