Thursday, July 18, 2019

US Debt ‘Out the Wazoo’ as China and Japan Sell Off Treasuries

by Peter Schiff, Schiff Gold:

The US national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing to slow in fiscal 2019, you’ll be disappointed. In just the first 11 business days of the new fiscal year, the US government added another $138 billion of debt to the total. That brings the total national debt to a staggering $21.654 trillion — or as Wolf Street put it “debt out the wazoo.”

Meanwhile, the two biggest buyers of US Treasuries are in a selling mood.

Russia, China Sign Agreement on Payments in National Currencies in Blow to Dollar – Reports

from Sputnik News:

MOSCOW (Sputnik) – Russian Finance Minister Anton Siluanov and Chinese People’s Bank Governor Yi Gang signed on 5 June an intergovernmental agreement to switch to national currencies in mutual payments, the Izvestiya newspaper reported on Friday, citing a letter from the Russian Finance Ministry.

JFK Files: The CIA Planned To Murder American Citizens In Miami And Blame It On Cuba During Operation Mongoose

by Alex Thomas, SHTFPlan:

As reporters have began to sift through the thousands of newly revealed government documents relating to the assassination of President Kennedy and subsequent investigation, we are starting to see some stunning revelations concerning not only JFK but the overall mindset of the CIA at the time in their all out war against Communism.

One of the more scary revelations to come out so far details a copy of a paper on “Pretexts” for war with Cuba that described a plan, under Operation Mongoose, to conduct false flag terror attacks in Miami, to be blamed on Cuba but actually carried out by the Central Intelligence Agency.

“Operation Mongoose” was the operational name for the CIA’s plan to topple the Castro government which we now know included purposefully killing our own citizens.

The time was 1962, the same year that brought us the now infamous Operation Northwoods, which was also a plan to kill American citizens as a pretext for war with Communist Cuba.

“On April 12th, 1962, General Lansdale forwarded to Maxwell Taylor an “advance copy” of the Joint Chiefs paper on “Pretexts” stating, I am informed that the Chiefs approve of this,” reads the document.

Keep in mind that this is an admission that the Pentagon at the time was fully on board with killing Americans if it allowed them to wage war against Cuba.

“We could develop a Communist Cuban terror campaign in the Miami area, in other Florida cities and even in Washington. We could sink a boatload of Cubans enroute to Florida (real or simulated),” the false flag plan reads.

“We could foster attempts on lives of Cuban refugees in the United States even to the extent of wounding in instances to be widely publicized. Exploding a few plastic bombs in carefully chosen spots, the arrest of a Cuban agent and the release of prepared documents substantiating Cuban involvement also would be helpful in projecting the idea of an irresponsible government.”

While it has been long known that Operation Mongoose was a false flag pretext operation to go to war with Cuba, the fact that the CIA was going to murder Americans hasn’t been released although it has been hinted.

As James Bamford reported in his bookBody of Secrets: Anatomy of the Ultra-Secret National Security Agency From the Cold War Through the Dawn of a New Century, “The U.S. Department of Defense report even suggested covertly paying a person in the Castro government to attack the United States: “The only area remaining for consideration then would be to bribe one of Castro’s subordinate commanders to initiate an attack on [the U.S. Navy base at] Guantanamo.”

This is yet more evidence that the United States government can and does carry out false flag operations, with 9/11 being the most major example of our time.

Read More @ SHTFPlan.com

FRANCE IN TURMOIL AS 89,000 COPS ARE CALLED UP TO DEFEND AGAINST THE YELLOW VESTS

by Harvey Organ, Harvey Organ Blog:

USA PLUNGE PROTECTION TEAM ABORTS A MASSIVE 800 POINT LOSS/GOLD UP $1.60 TO $1238.45/SILVER DOWN 5 CENTS TO $14.44/THE BIG STORY WAS THE ARREST OF THE CFO OF THE LARGEST ELECTRONIC GIANTS IN CHINA, HUAWEI/CHINA IS FURIOUS WITH THE ARREST/CHAOS IN BRITAIN AS MAY LOSES ON 3 PROCEDURE VOTES/USA RECORDS ANOTHER HUGE 55.5 BILLION DOLLAR TRADE DEFICIT AND A HUGE 43 BILLION DOLLAR DEFICIT WITH CHINA/IN A MAJOR SWAMP STORY, JOHN SOLOMON REVEALS EMAILS WHICH PROVE BEYOND A REASONABLE DOUBT THAT THE FBI AND OTHER AGENCIES KNEW THAT THE STEELE DOSSIER WAS A PHONY AND NOT CORROBORATED/OTHER SWAMP STORIES

NEW YORK TIMES: Outrageous Lie Published About Iran and 9/11

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by Adam Garrie, The Duran:
A later correction was both feeble and misleading.

The internet is full of fake news websites whose “too good to be true” stories are usually easy to spot. They each have their intended audience.

For the libertarians you have fake news sites that say: “Julian Assange reveals new CIA plan to install 24/7 real time camera drones in all new Florida homes in trial program”.

For the alt-left: “Donald Trump, one Russian businessman and a prostitute from Brazil–you’ll never believe what they got up to”.

For the alt-right: “Hillary Clinton’s ties to Mexican drug cartel EXPOSED”.

Trump Defies the Hawks, Backs Off Attacking Iran – But for How Long?

from 21st Century Wire:

Last night we were told that President Donald Trump had approved US military strikes against Iran in retaliation for the downing of a surveillance drone.  Then he suddenly changed his mind and pulled back from the ledge. You could hear the collective sigh of relieve the world over. It seems that the world has dodged a bullet. But how long until the next one?

Never one to shy away from promoting a new war, America’s glorious paper of record, the New York Times reported how Trump had green-lighted a ‘limited strike’ against a “handful of Iranian targets” which included Iranian radar and missile installations near the Straits of Hormuz. The American media were all preparing their chunky wartime graphics packages.

One Belt, One Road, One Direction for Precious Metals

by David Smith, Money Metals:

All great events hang by a hair. The man of ability takes advantage of everything and neglects nothing that can give him a chance of success; whilst the less able man sometimes loses everything by neglecting a single one of those chances.

~Napoleon Bonaparte

China’s launch several years ago of the One Belt, One Road Initiative is set to become the biggest commercial linking-system constructing project in world history. In the book David Morgan and I co-authored, Second ChanceHow to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave, we discuss the “New Silk Road” this way:

…the plan, described as an “economic partnership map with multiple rings interconnected with one another” envisions an economic land belt and a maritime road linking Beijing through Europe to the Mediterranean. This modern equivalent of the old Silk Road would weave together the economies of over half the world’s population via transit corridors of highways, high-speed rail, fiber-optic cables, pipelines, and air and seaport hubs.

OBOR – also known as the Belt and Road Initiative – is drawing supplies of commodities to it across the board, like iron filings to a magnet. Concrete, iron, zinc, copper… silver and gold. Silver, as a critical ingredient in the electronics and communication build-out; gold (+ silver) because of rising incomes for China’s middle class – larger than the population of the U.S. – which will continue the historical habit adding to its precious metal holdings.

An excellent interactive map showing the primary pathways and effects of this mammoth construction project can be found at the South China Morning Post. Elements:

  • During a recent two-day visit to Beijing by U.K. Chancellor Philip Hammond, it was announced that former Prime Minister David Cameron would be taking a lead role in a US$1 billion private equity infrastructure fund directly investing in the One Belt One Road (OBOR) initiative. – Tama Churchouse
  • HSBC has estimated that the expansive Belt and Road program will generate no less than an additional, game-changing US$2.5 trillion worth of new trade a year.
  • It is important to remember that the “belt” in BRI is a series of corridors connecting Eastern China with oil-gas rich regions in Central Asia and the Middle East. The high-speed rail networks, or new “Silk Roads”, will simply traverse regions filled with, what else, un-mined gold. – Pepe Escobar
  • An almost unnoticed (when in the West, made light of) corollary is China’s proposed “Latin Belt and Road” program, involving Brazil, Argentina and Chile. China’s Foreign Minister says, “It follows the principle of achieving shared growth through discussion and collaboration. It is nothing like a zero sum game.” – Asia Times

The meaning for gold and silver?

When most Western analysts tout the virtues of precious metals’ ownership, they focus on what Frank Holmes refers to as the “Fear Trade.” They say you should (and we agree) own gold and silver as “insurance” against rising inflation, which by the year (daily in Venezuela and Zimbabwe) reduces the purchasing power of David Morgan’s famously termed “paper promises.” These highly-liquid metals can be turned into fiat paper virtually anywhere in the world.

   Silk Road Gold Demand  (Courtesy  goldchartsrus.com )
Silk Road Gold Demand (Courtesy goldchartsrus.com )

Holmes also refers to the “Love Trade”, a demand factor just as important and enduring. When people’s disposable income rises, they purchase discretionary items – things not otherwise critical beyond the basics of food and shelter. This behavior, especially by Indians and Chinese (“Chindians”) has historically been a habit; almost an obsession. Graceland Updates Editor, Stewart Thomson describes the OBOR context, saying:

Gold is headed back towards slow, relentless appreciation against fiat, but it won’t be as slow as you might think… because of the exponential mathematical relationship between Indian wage increases and gold demand. The road to $15,000 will be built with one belt, one road, one price-advance brick at a time.

As citizens industrialize, they play catch up with everyone else. Because there are almost 8 times more Chindians than Americans, it’s a super-sized version of what took place in the 1880s in America. (Given) that the Chinese are the world’s biggest gamblers, and Indians are maniacally obsessed with owning all the gold there ever was, is, and will be, the bull era promises to be incredibly exciting.

“Technical proof”?

One of most overlooked tools in a technical traders trading box is the relationship between gold and global currencies. On major exchanges it’s most frequently quoted in U.S. dollars, but in a given country, gold demand is expressed in local money. When we see gold advancing in dollars, that’s important. When making new highs in other currencies, it becomes a bell-weather signal in its own right.

Read More @ MoneyMetals.com

GOLD UP $5.05 RISING $1288.00/SILVER UP 17 CENTS UP TO $16.71

by Harvey Organ, Harvey Organ Blog:

GOLD EFP’S TRANSFER TO LONDON 2056 CONTRACTS/SILVER TRANSFERS; 840 CONTRACTS/MANHATTAN APARTMENT PRICES CRASHING DUE TO NEW TAX LAW/MORE SWAMP STORIES

GOLD: $1288.00 up $5.05

Silver: $16.71 up 17 cents

Closing access prices:

Gold $1288.50

silver: $16.73

For comex gold:

DECEMBER/

NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 33 NOTICE(S) FOR 3300 OZ.

TOTAL NOTICES SO FAR: 9056 FOR 905,600 OZ (28.30 TONNES),

For silver:

DECEMBER

8 NOTICE(S) FILED TODAY FOR

40,000 OZ/

Total number of notices filed so far this month: 6403 for 32,015,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin: BID $15,775/OFFER $15,900 up $98 (morning)

BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

 

 

end

 JUST TO LET YOU KNOW THAT OTC OPTIONS EXPIRE THIS FRIDAY WHICH ALSO CORRESPONDS TO FIRST DAY NOTICE FOR THE JANUARY CONTRACT FOR BOTH GOLD AND SILVER.  JANUARY IS A POOR DELIVERY MONTH FOR BOTH OF OUR METALS AND JANUARY IS ALSO NON ACTIVE FOR BOTH.

Let us have a look at the data for today

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In silver, the total open interest SURPRISINGLY FELL BY A CONSIDERABLE 1462 contracts from 201,783 FALLING TO 200,321 DESPITE YESTERDAY’S GOOD 17 CENT RISE IN SILVER PRICING. WE  HAD SOME COMEX LIQUIDATION AND WITHOUT A DOUBT WE MUST HAVE HAD SOME BANK SHORT- COVERING. HOWEVER, WE WERE AGAIN NOTIFIED THAT WE HAD ANOTHER FAIR SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: A RESPECTABLE 840 EFP’S FOR MARCH (AND ZERO FOR DEC AND OTHER MONTHS) AND THUS TOTAL ISSUANCE OF 840 CONTRACTS. HOWEVER THE MOVEMENT ACROSS TO LONDON IS NOT AS SEVERE AS IN GOLD AS THERE SEEMS TO BE A MAJOR PLAYER TAKING ON THE BANKS AT THE COMEX. STILL, WITH THE TRANSFER OF 840 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. YESTERDAY WITNESSED 1760 EFP’S FOR SILVER ISSUED. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24 HRS IN THE ISSUING OF EFP’S. I BELIEVE THAT WE MUST HAVE HAD SOME BANKER SHORT COVERING

ACCUMULATION FOR EFP’S/SILVER/ STARTING FROM FIRST DAY NOTICE/FOR MONTH OF DECEMBER:

45,351 CONTRACTS (FOR 18 TRADING DAYS TOTAL 45,351 CONTRACTS OR 226.755 MILLION OZ: AVERAGE PER DAY: 2,550 CONTRACTS OR 12.750 MILLION OZ/DAY)

TO GIVE YOU AN IDEA OF THE SIZE OF “PHYSICAL” TRANSFERRED TO LONDON: 222.755 MILLION OZ/700 MILLION OZ (EX CHINA EX RUSSIA) = 31.8% OF ANNUAL GLOBAL SILVER PRODUCTION

RESULT: A CONSIDERABLE SIZED LOSS IN OI COMEX DESPITE THE GOOD 18 CENT RISE IN SILVER PRICE WHICH INDICATES SOME BANKER SHORT-COVERING. WE HAD SOME COMEX SILVER LIQUIDATION . WE ALSO HAD A FAIR SIZED SIZED EFP ISSUANCE OF 840 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS: FROM THE CME DATA 840 EFP’S WERE ISSUED TODAY (FOR MARCH EFP’S) FOR A DELIVERABLE CONTRACT OVER IN LONDON WITH A FIAT BONUS. WE REALLY LOST 582 OI CONTRACTS i.e. 840 open interest contracts headed for London (EFP’s) TOGETHER WITH A DECREASE OF 1462 OI COMEX CONTRACTS. AND ALL OF THIS HAPPENED WITH THE RISE IN PRICE OF SILVER BY 18 CENTS AND A CLOSING PRICE OF $16.54WITH RESPECT TO YESTERDAY’S TRADING. YET WE STILL HAVE A MASSIVE AMOUNT OF SILVER STANDING AT THE COMEX.

In ounces AT THE COMEX, the OI is still represented by just OVER 1 BILLION oz i.e. 1.001 BILLION TO BE EXACT or 143% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT DECEMBER MONTH/ THEY FILED: 8 NOTICE(S) FOR 40,000 OZ OF SILVER

In gold, the open interest ROSE BY A SMALL SIZED 313 CONTRACTS UP TO 456,470 DESPITE THE GOOD SIZED RISE IN PRICE OF GOLD WITH YESTERDAY’S TRADING ($7.10). HOWEVER, THE TOTAL NUMBER OF GOLD EFP’S ISSUED YESTERDAY FOR TODAY TOTALED  2056 CONTRACTS OF WHICH THE MONTH OF DECEMBER SAW 0 CONTRACTS AND FEB SAW THE ISSUANCE OF 2056 CONTRACTS. The new OI for the gold complex rests at 456,470. DEMAND FOR GOLD INTENSIFIES GREATLY AS WE CONTINUE TO WITNESS A HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES. IN ESSENCE WE HAVE A GOOD GAIN OF 2369 OI CONTRACTS: 313 OI CONTRACTS INCREASED AT THE COMEX AND A GOOD SIZED 2056 OI CONTRACTS WHICH NAVIGATED OVER TO LONDON.

YESTERDAY, WE HAD 9906 EFP’S ISSUED.

ACCUMULATION OF EFP’S/ GOLD(EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DECEMBER STARTING WITH FIRST DAY NOTICE: 203,067 CONTRACTS OR 20.3067 MILLION OZ OR 631.41 TONNES(18 TRADING DAYS AND THUS AVERAGING: 11,280 EFP CONTRACTS PER TRADING DAY OR 1.1271 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE AMOUNT OF “PHYSICAL’ TRANSFERRED: SO FAR 671 TONNES/2200 TONNES ) = 30.50% OF ANNUAL GLOBAL PRODUCTION OF GOLD. THIS IS IMPOSSIBLE AND EXPLAINS FULLY THE FRAUD!!

Result: A SMALL SIZED INCREASE IN OI DESPITE THE GOOD SIZED RISE IN PRICE IN GOLD TRADING ON YESTERDAY ($7.10). WE HAD A GOOD SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 2056. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX AND YET WE REACHED THE HUGE DELIVERY MONTH OF DECEMBER. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 2056 EFP CONTRACTS ISSUED, WE HAD A NET GAIN IN OPEN INTEREST OF 2369 contracts:

2056 CONTRACTS MOVE TO LONDON AND  313 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the gain in total oi equates to 11.7 TONNES)

we had: 33 notice(s) filed upon for 3300 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

Today, NO CHANGES IN GOLD INVENTORY AT THE GLD

 

Inventory rests tonight: 837.50 tonnes.

SLV/

THIS MAKES A LOT OF SENSE: SILVER UP 17 CENTS AGAIN TODAY:

ANOTHER CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 802,000 OZ

INVENTORY RESTS AT 324.710 MILLION OZ/

end

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL BY A CONSIDERABLE SIZED 1462 contracts from 201,783 DOWN TO 200,321 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) DESPITE THE GOOD SIZED RISE IN PRICE OF SILVER TO THE TUNE OF 17 CENTS ON YESTERDAY . HOWEVER,OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE ANOTHER 840 PRIVATE EFP’S FOR MARCH (WE DO NOT GET A LOOK AT THE
SE CONTRACTS AS IT IS PRIVATE BUT THE CFTC DOES AUDIT THEM). EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. WE HAD ZERO COMEX SILVER COMEX LIQUIDATION. BUT, IF WE TAKE THE OI LOSS AT THE COMEX OF 1462 CONTRACTS TO THE 840 OI TRANSFERRED TO LONDON THROUGH EFP’S WE OBTAIN A LOSS OF 582 OPEN INTEREST CONTRACTS, AS WE MUST HAVE HAD SOME BANKER SHORT COVERING. WE STILL HAVE A HUGE AMOUNT OF SILVER OUNCES THAT ARE STANDING FOR METAL IN DECEMBER (SEE BELOW). THE NET LOSS TODAY IN OZ: 2.910 MILLION OZ!!!

RESULT: A SMALL SIZED DECREASE IN SILVER OI AT THE COMEX DESPITE THE GOOD SIZED RISE OF 18 CENTS IN PRICE (WITH RESPECT TO YESTERDAY’S TRADING). BUT WE ALSO HAD ANOTHER 840 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON . TOGETHER WITH THE HUGE AMOUNT OF SILVER OUNCES STANDING FOR DECEMBER, DEMAND FOR PHYSICAL SILVER INTENSIFIES

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

Read More @ HarveyOrganBlog.com

LOOKS LIKE A COUP IS UNDERWAY IN VENEZUELA

by Harvey Organ, Harvey Organ Blog:

GOLD UP $4.30 TO $1284.00//SILVER UP 5 CENTS TO $14.97//CHINA’S PMI FALTERS BADLY/MORE SWAMP STORIES FOR YOU TONIGHT

GOLD: $1284.00 UP $4.30 (COMEX TO COMEX CLOSING)

Silver: $14.97 UP 5 CENTS (COMEX TO COMEX CLOSING)

Closing access prices:

Gold : $1283.60

Fight for Deposits Erupts among Banks, with Winners & Losers

by Wolf Richter, Wolf Street:

But it’s a godsend for savers.

The three biggest banks combined – JPMorgan Chase, Bank of America, and Wells Fargo – increased their deposits by $118 billion in 2017 from the prior year, according to a Wall Street Journal analysis today of FDIC data. At the same time, 10 of the 22 major regional banks lost deposits. But some regional banks went all-out, and their deposits surged. This brought the tally for the 22 regional banks combined to an increase in deposits of about $55 billion.

Rothschilds accused of preying on South Africa’s state-owned enterprises

from RT:

South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to ‘capture’ the country’s State Owned Enterprises (SOEs).

According to the Citizen tabloid, the National Union of Metalworkers of South Africa and the South African Cabin Crew Association released a joint statement, claiming that the Rothschilds were “interfering” in SOEs for “selfish and greedy purposes.” The statement alleged that the wealthy family intended to collapse South African Airways (SAA) so it could be privatized.