Saturday, July 2, 2022

Federal Reserve creates comic book for educators to program children that fiat currency is money, and gold is not

0

by Kenneth Schortgen, The Daily Economist:

Many years ago, the Federal Reserve bank of Boston created a comic book to be used for educational purposes known as the Road to Roota.  And this book also included a separate teachers guide for educators to better understand the allegorical themes within the book.

Ironically as Bix Weir has uncovered over time through his exhaustive research, the moral of the story in the Road to Roota was in finding the path for a return of the nation’s monetary system back to a gold standard from its current fiat currency model.

Fast forward to today.

It appears however that the Fed no longer intends to return the nation’s money supply to a gold standard, and in fact has done its best to dissuade Americans from even thinking that gold is a form of money at all.

And to try to indoctrinate their anti-gold programming even further into the minds of our nation’s youth, the New York Fed has come out with a new educational comic series that not only impresses to the children that the U.S. cannot function without the central bank regulating everything in the economy and financial system, but also that gold is no longer even a metal but simply rocks found in the earth that have no intrinsic value.

Just released by the NY Fed. It is very disturbing, and they are pushing it hard on our teachers in our public schools… 

Not sure how to phrase it, so here is the crux: 

  • Rocks not metal
  • Praises Fiat
  • Need for Central Bank
  • Need for OVER-Regulation

This comic book is the biggest, most epic, Pro-Fed and full-on assault on Gold & Silver they may have ever done. – Silver Doctors

Read More @ TheDailyEconomist.com

Forgotten history: US bankers financing US enemies—and why it is important now

by Jon Rappoport, No More Fake News:

In 1971, Gary Allen published his book, None Dare Call it Conspiracy. It quickly became an unofficial best seller.

Over the years, several million copies have been sold.

Allen’s thesis was stark: super-rich American capitalists were financing socialism. This bizarre paradox was resolved when socialism was properly understood—not as “power to the people”—but as elite power over the people. In other words, as a hoax.

These days, the socialist hoax is still unknown to most of the population.

Cloak a global power grab as progress for all of humanity.

Here, from chapter six of None Dare Call it Conspiracy, “The Rockefellers and the Reds,” is a devastating passage commenting on the period just after the Russian Revolution of 1917:

“The Rockefellers assigned their public relations agent, Ivy Lee, to sell the American public the idea that the Bolsheviks were merely misunderstood idealists who were actually kind benefactors of mankind.”

Professor Antony Sutton of Stanford University’s Hoover Institution, notes in his highly authoritative Western Technology and Soviet Economic Development:”

“’Quite predictably…[Ivy] Lee concludes that the communist problem is merely psychological. By this time he is talking about “Russians” (not Communists) and concludes “they are all right.” He suggests the United States should not engage in propaganda; makes a plea for peaceful coexistence; and suggests the United States would find it sound policy to recognize the USSR and advance credits [give loans].’ (Antony Sutton, Western Technology and Soviet Economic Development, 1917-1930, Hoover Institution on War, Revolution and Peace, Stanford University, Calif., 1968, p.292)”

“After the Bolshevik Revolution, Standard [Oil] of New Jersey [Rockefeller] bought 50 per cent of the Nobel’s huge Caucasus oil fields even though the property had theoretically been nationalized [by Russia]. (O’Connor, Harvey, The Empire Of Oil, Monthly Review Press, New York, 1955, p.270.)”

“In 1927, Standard Oil of New York [Rockefeller] built a refinery in Russia, thereby helping the Bolsheviks put their economy back on its feet. Professor Sutton states: ‘This was the first United States investment in Russia since the Revolution.’ (Ibid, Vol.1, p.38)”

“Shortly thereafter Standard Oil of New York and its subsidiary, Vacuum Oil Company [Rockefeller], concluded a deal to market Soviet oil in European countries and it was reported that a loan of $75,009,000 to the Bolsheviks was arranged. (National Republic, Sept.1927.)”

“…Wherever Standard Oil would go, Chase National Bank was sure to follow. (The Rockefeller’s Chase Bank was later merged with the Warburg’s Manhattan Bank to form the present Chase Manhattan Bank.) In order to rescue the Bolsheviks, who were supposedly an archenemy, the Chase National Bank was instrumental in establishing the American-Russian Chamber of Commerce in 1922. President of the Chamber was Reeve Schley, a vice-president of Chase National Bank. (Ibid, Vol.11, p.288) According to Professor Sutton: ‘In 1925, negotiations between Chase and [Russian] Prombank extended beyond the finance of raw materials and mapped out a complete program for financing Soviet raw material exports to the U. S. and imports of U. S. cotton and machinery.’ (Ibid, Vol.11, p.226) Sutton also reports that ‘Chase National Bank and the Equitable Trust Company were leaders in the Soviet credit business.’ (Ibid, p.277)”

“The Rockefeller’s Chase National Bank also was involved in selling Bolshevik bonds in the United States in 1928. Patriotic organizations denounced the Chase as an ‘international fence.’ Chase was called ‘a disgrace to America… They will go to any lengths for a few dollars profits.’ (Ibid, Vol.11, p.291) Congressman Louis McFadden, chairman of the House Banking Committee, maintained in a speech to his fellow Congressmen:”

“’The Soviet government has been given United States Treasury funds by the Federal Reserve Board and the Federal Reserve Banks acting through the Chase Bank and the Guaranty Trust Company and other banks in New York City.”

“’Open up the books of Amtorg, the trading organization of the Soviet government in New York, and of Gostorg, the general office of the Soviet Trade Organization, and of the State Bank of the Union of Soviet Socialist Republics and you will be staggered to see how much American money has been taken from the United States’ Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia by its correspondent, the Chase Bank of New York’. (Congressional Record, June 15, 1933.)”

“But the Rockefellers apparently were not alone in financing the Communist arm of the Insiders’ conspiracy. According to Professor Sutton ‘… there is a report in the State Department files that names Kuhn, Loeb & Co. (the long established and important financial house in New York) as the financier of the [Russians’] First Five Year Plan. See U. S. State Dept. Decimal File, 811.51/3711 and 861.50 FIVE YEAR PLAN/236.’ (Sutton, op. cit., Vol. II, p. 340n.)”

“Professor Sutton proves conclusively in his three volume history of Soviet technological development that the Soviet Union was almost literally manufactured by the U.S.A…”

“…Sutton shows that there is hardly a segment of the Soviet economy which is not a result of the transference of Western, particularly American, technology.”

“This cannot be wholly the result of accident. For fifty years the Federal Reserve-CFR-Rockefeller-lnsider crowd has advocated and carried out policies aimed at increasing the power of their satellite, the Soviet Union. Meanwhile, America spends $75 billion a year on defense to protect itself from the enemy the Insiders are building up.”

NOTE: The descendants of these bankers are now doing everything they can to build up the story that Donald Trump won the presidency by colluding with Russians. To call this an irony, in view of the above information, would be a vast understatement.

However, the motives of these men are clear: regardless of whether Trump meant to keep his promises to destroy Globalism (aka worldwide socialism), his mere mention of Globalism as the enemy, during the presidential campaign, and his declared opposition to Globalist “free trade” treaties, was sufficient to warrant an all-out attack on him.

The whole idea of nationalism as preferable to Globalism could act as a contagious germ spreading to the people of other countries—so Trump as the face and symbol of such sentiments had to be defamed and crushed.

Through various front organizations, cutouts, dupes, brainwashed useful idiots, and violent hired thugs, that operation to crush Trump is well underway.

Again—and this point must be understood—IT DOESN’T MATTER WHETHER TRUMP EVER MEANT TO KEEP HIS PROMISE TO BURY GLOBALISM. THE MERE MENTION OF GLOBALISM AS THE ENEMY WAS AND IS SUFFICIENT TO WARRANT UNCEASING ATTACKS AGAINST HIM.

Many, many of Trump’s supporters want to see Globalism buried.

Ultimately, they are the real target of the Globalists, who want to neutralize and disperse them and make them passive and demoralized.

Read More @ NoMoreFakeNews.com

GOLD ADVANCES BY $3.95 UNTIL HIT WITH HEAVY BANK CARTEL SELLING DUE TO OPTIONS EXPIRY ON THURSDAY/KIM’S RHETORIC INTENSIFIES

by Harvey Organ, Harvey Organ Blog:

HURRICANE HARVEY CONTINUES TO WRECK HAVOC ON HOUSTON: THE ESTIMATE OF DAMAGE: $100 BILLION/ISRAEL WARNS RUSSIA THAT THEY MAY HAVE TO BOMB ASSAD IN SYRIA DUE TO INCREASED IRANIAN INFLUENCE

GOLD: $1313.50  UP $3.95 *BREAKS RESISTANCE OF $1300.00

Silver: $17.45  UP 0 CENTS *BREAKS RESISTANCE OF $17.25

Closing access prices:

Gold $1309.50

silver: $17.40

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1299.64 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1204.25

PREMIUM FIRST FIX:  $5.38

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1324.74

NY GOLD PRICE AT THE EXACT SAME TIME: $13.17.60

Premium of Shanghai 2nd fix/NY:$5.03

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1323.40

NY PRICING AT THE EXACT SAME TIME: $1324.90 ???

LONDON SECOND GOLD FIX  10 AM: $1318.95

NY PRICING AT THE EXACT SAME TIME.

For comex gold:

AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 179 NOTICE(S) FOR  17,900  OZ.

TOTAL NOTICES SO FAR: 4801 FOR 480,100 OZ  (14.933 TONNES)

For silver:

AUGUST

 

 0 NOTICES FILED TODAY FOR

 

nil  OZ/

Total number of notices filed so far this month: 1248 for 6,240,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

We have already surpassed options expiry on the Comex, so the only one left is the LBMA/OTC options which expire on the 31st of August at around 10-11 am. You could bet the farm that the crooks will try and go after gold/silver tomorrow trying to get gold below $1300 and silver below $17.25. Prior to Hurricane Harvey and North Korea’s launch of a missile over Japan, it looked like smooth sailing for the bankers to pocket again underwritten options…. let is see what happens tomorrow

 

 

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest ROSE BY AN APPRECIABLE 1913 contracts from 188,145 UP TO 190,058 WITH THE HUGE RISE IN PRICE THAT SILVER UNDERTOOK WITH  YESTERDAY’S TRADING (UP 38 CENTS).HOWEVER WHEN YOU COMPARE WITH THE MAMMOTH INCREASE IN GOLD OI YOU CAN BE COMFORTED THAT THE BANKS ARE QUITE RETICENT TO SUPPLY ANY PAPER. NO DOUBT THAT WE LOST SOME PAPER PLAYER LONGS TO EFP’S BUT THAT WAS QUICKLY REPLACED WITH NEWBIE LONGS AGAIN TAKING ON THE BANKERS.  AS SOON AS SILVER BROKE RESISTANCE AT $17.25 THEY POURED ON THE JUICE WITH RECKLESS ABANDON.  SOME LONG SPECS EXITED WITH A PAPER PROFIT.

RESULT: A SMALLER HIGHER OI (THAN GOLD) WITH A HUGE PRICE INCREASE 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.962 BILLION TO BE EXACT or 137{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 0 NOTICE(S) FOR nil  OZ OF SILVER

In gold, the open interest ROSE BY AN UNBELIEVABLE  22,957 CONTRACTS WITH THE  HUGE RISE  in price of gold ($16.95 GAIN YESTERDAY .). The new OI for the gold complex rests at 537,503.

AS IN SILVER, THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING TO CLOSE GOVERNMENT IF HE DID NOT GET HIS WALL , THE DOVISH SPEECHES BY BOTH DRAGHI AND YELLEN ON FRIDAY AT JACKSON HOLE, THE HOUSTON FLOODING & NORTH KOREA FIRING MORE MISSILES CAUSED A HUGE NUMBER OF NEWBIE SPECS TO AGAIN ENTER THE GOLD ARENA WITH THE COMMERCIALS SUPPLYING THE NECESSARY PAPER LIKE DRUNKEN SAILORS. ONCE 1300 DOLLAR GOLD WAS PIERCED, MORE NEWBIE LONGS CAME EMBOLDENED CONTINUING THEIR QUEST OF TAKING ON THE BANKERS WHO RECIPROCATED IN KIND WITH THE PAPER. SOME OLD SPECS LEFT FOR A PROFIT WITH THE HUGE RISE IN PRICE

Result: A HUMONGOUS GAIN IN OI WITH A HUGE RISE IN PRICE IN GOLD AND THE PIERCING OF RESISTANCE LEVEL $1300

we had: 179 notice(s) filed upon for 17,900 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Tonight , we had another big  change in gold inventory: a deposit of 9.16 tonnes into the GLD inventory.  I doubt very much if this is physical gold/probably a paper gold entry:

Inventory rests tonight: 814.36 tonnes

IN THE LAST 32 TRADING DAYS: GLD SHEDS 22/61 TONNES YET GOLD IS HIGHER BY $81.25 .

SLV

Today:  WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 333.178 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver ROSE BY 1913 contracts from 188,145 UP TO 190,058 (AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH YESTERDAY’S 38 CENT GAIN IN TRADING. SILVER RESPONDED TO 1) THE GEOPOLITICAL CLIMATE WHEREBY TRUMP THREATENED TO SHUT DOWN GOVERNMENT UNLESS HE GOT HIS WALL , 2) THE TWO DOVISH SPEECHES BY YELLEN 3) NORTH KOREA FIRING MORE MISSILES,4) THE HOUSTON FLOODING AND 5 THE PIERCING OF THE HUGE RESISTANCE LEVEL OF $17.25. WE PROBABLY HAD A FEW PAPER PLAYERS TENDERING SOME OF THEIR LONGS FOR SEPT. EFP’S (BUT THAT OBLIGATION STILL RESTS WITH THE BANKERS BUT ON A DIFFERENT EXCHANGE LONDON). HOWEVER THE GAIN IN NEWBIE LONGS FAR OUTDISTANCED THOSE PAPER PLAYERS EXITING.  THE BANKERS CONTINUE TO BE RETICENT IN SUPPLYING THE SHORT PAPER

RESULT:  A HIGHER OI AT THE COMEX,(BUT MUCH SMALLER THAN GOLD) WITH A HUGE PRICE INCREASE.

(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

 i)Late MONDAY night/TUESDAY morning: Shanghai closed UP 2.54 POINTS OR 0.08{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED DOWN 98.28 POINTS OR 0.35{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 87,35 POINTS OR 0.45{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.65{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.5960/Oil DOWN to 46.61 dollars per barrel for WTI and 51.51 for Brent. Stocks in Europe OPENED DEEPLY IN THE RED. Offshore yuan trades  6.6020 yuan to the dollar vs 6.5960 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE EXTREMELY WEAKER DOLLAR. CHINA IS VERY HAPPY TODAY

Read More @ HarveyOrganBlog.com

Trump Rant of the Day: “I want tariffs. Bring me some tariffs!”

0

by Mish Shedlock, Mish Talk:

Trump is fed up with inaction against China.

In an Oval Office meeting, Trump demanded Bring Me Some Tariffs!

The meeting was attended by Trade Representative Robert Lighthizer, senior trade adviser Peter Navarro, top economic adviser Gary Cohn, and Trump’s former chief strategist Steve Bannon.

The following is a rare account of President Trump in a small Oval Office meeting, venting at senior staff for sometimes resisting his hawkish trade agenda.

This account — confirmed by sources with knowledge of the meeting and undisputed by the White House — hints at where Trump may be heading with his trade agenda. And it shows he believes some of his top economic advisors are resisting his agenda because they are “globalists.”

Trump, addressing Kelly, said, “John, you haven’t been in a trade discussion before, so I want to share with you my views. For the last six months, this same group of geniuses comes in here all the time and I tell them, ‘Tariffs. I want tariffs.’ And what do they do? They bring me IP. I can’t put a tariff on IP.” (Most in the room understood that the president can, in fact, use tariffs to combat Chinese IP theft.)

“China is laughing at us,” Trump added. “Laughing.”

Kelly responded: “Yes sir, I understand, you want tariffs.”

Gary Cohn, who opposes tariffs and the protectionist trade measures pushed by the Bannonites, had his shoulders slumped and was clearly appalled by the situation.

Staff secretary Rob Porter, who is a key mediator in such meetings, said to the president: “Sir, do you not want to sign this?” He was referring to Trump’s memo prodding Lighthizer to investigate China — which may lead to tariffs against Beijing.

Trump replied: “No, I’ll sign it, but it’s not what I’ve asked for the last six months.” He turned to Kelly: “So, John, I want you to know, this is my view. I want tariffs. And I want someone to bring me some tariffs.”

Kelly replied: “Yes sir, understood sir, I have it.”

At one point in the meeting, Navarro pulled out a foam board chart. Trump didn’t pay attention to it, saying “I don’t even know what I’m looking at here.”

Trump made sure the meeting ended with no confusion as to what he wanted.

“John, let me tell you why they didn’t bring me any tariffs,” he said. “I know there are some people in the room right now that are upset. I know there are some globalists in the room right now. And they don’t want them, John, they don’t want the tariffs. But I’m telling you, I want tariffs.”

Read More @ MishTalk.com

GOLD AND SILVER BREAK THROUGH RESISTANCE: GOLD FINISHES UP $16.95 TO $1309.65

by Harvey Organ, Harvey Organ Blogspot:

SILVER ENDS UP 38 CENTS AT $17.45/HURRICANE HARVEY UNLEASHES HAVOC ON HOUSTON AND SURROUNDING TOWNS/HOUSTON IS FLOODED/THE HURRICANE HAS RETREATED BACK ONTO THE GULF AGAIN AND IT MAY REPEAT ON THE LOUISIANA AND TEXAS BORDER/CHINA VOICES HER ANGER AT THE USA FOR SANCTIONS AGAINST VENEZUELA/

GOLD: $1309.85  UP $16.95 *BREAKS RESISTANCE OF $1300.00

Silver: $17.45  UP 38 CENTS *BREAKS RESISTANCE OF $17.25

Closing access prices:

Gold $1310.40

silver: $17.46

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1299.64 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1204.25

PREMIUM FIRST FIX:  $5.38

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1300.33

NY GOLD PRICE AT THE EXACT SAME TIME: $1295.03

Premium of Shanghai 2nd fix/NY:$5.03

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $closed/holiday

NY PRICING AT THE EXACT SAME TIME: $xxx

LONDON SECOND GOLD FIX  10 AM: $closed/holiday

NY PRICING AT THE EXACT SAME TIME. xx

For comex gold:

AUGUST/

NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 38 NOTICE(S) FOR  3800  OZ.

TOTAL NOTICES SO FAR: 4622 FOR 462,200 OZ  (14.376 TONNES)

For silver:

AUGUST

 

 70 NOTICES FILED TODAY FOR

 

350,000  OZ/

Total number of notices filed so far this month: 1248 for 6,240,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

end

Today both gold and silver broke through huge resistance levels. Gold broke through $1300.00 to end up $1309.85 and silver broke through $17.25 to end up at $17.45.  The big news of the day was the catastrophe in Houston which is flooded.  Damages is expected to exceed $40 billion. Now the big question: how will this be funded if the debt ceiling is not raised? The Hurricane has reversed course and it is now back into the Gulf.  It looks like it will pick up huge moisture and head back to the Louisiana-Texas coast for another shot at damage.

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest FELL by A TINY 248 contracts from 188,413 DOWN TO 188,145 DESPITE THE RISE IN PRICE THAT SILVER UNDERTOOK WITH  FRIDAY’S TRADING (UP 9 CENTS).WHEN WE LOOK OVER OUR SHOULDER AND SEE THE HUGE RISE IN OI IN GOLD DUE TO THEIR FAILED RAID, ONE WOULD EXPECT TO SEE THE SAME FOR SILVER. YOU WILL RECALL ME TELLING YOU THAT SOME OF THE PAPER PLAYERS (WHO HAVE NO DESIRE FOR PHYSICAL DELIVERY) ONCE WE APPROACH AN ACTIVE DELIVERY MONTH LIKE SEPTEMBER, WOULD TENDER SOME OF THEIR LONGS FOR EFP’S WHICH GIVES THEM A FIAT PROFIT AND A DELIVERABLE PRODUCT PROBABLY A LONDON BASED FORWARD. THE ISSUANCE OF EFP’S DESTROYS THE PRICE DISCOVERY MECHANISM BECAUSE WE HAVE NO PHYSICAL PRICE ANYWHERE IN THE EQUATION. THIS TRANSFER IS ALLOWED SUPPOSEDLY FOR EMERGENCY USE ONLY WHEN PHYSICAL  DELIVERY CANNOT TAKE PLACE AT THE COMEX.  HOWEVER OUR BANKERS MISUSE THIS VEHICLE TERRIBLY. FRIDAY’S FAILED RAID CAUSED NEWBIE LONG PLAYERS INTO THE ARENA AND THAT IS WHY WE HAD ONLY A SMALL LOSS IN OI INSTEAD OF THE MUCH LARGER AMOUNTS WE GENERALLY SEE JUST PRIOR TO FIRST DAY NOTICE. THE BANKERS STILL CARRY THE OBLIGATION TO DELIVER ON THESE EFP’S TO LONDON OR OTHER PHYSICAL EXCHANGES. THE BANKERS INITIALLY SUPPLIED THE SHORT PAPER BUT IMMEDIATELY TRIED TO COVER WHEN THEY REALIZED THE RAID WAS A FAILURE.  SOME SPECS SOLD FOR A PROFIT AT THE HIGHER PRICE

RESULT: A SMALLER LOWER OI WITH A GOOD PRICE INCREASE AND AN UNSUCCESSFUL RAID.

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.940 BILLION TO BE EXACT or 134{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 70 NOTICE(S) FOR 350,000OZ OF SILVER

In gold, the open interest ROSE BY A CONSIDERABLE 5,335 CONTRACTS WITH THE RISE  in price of gold ($6.00 GAIN ON FRIDAY .). The new OI for the gold complex rests at 514,546.

AS IN SILVER, THE GEOPOLITICAL LANDSCAPE WITH TRUMP THREATENING TO CLOSE GOVERNMENT IF HE DID NOT GET HIS WALL AND THE DOVISH SPEECHES BY BOTH DRAGHI AND YELLEN, CAUSED A HUGE NUMBER OF NEWBIE SPECS TO AGAIN ENTER THE GOLD ARENA WITH THE COMMERCIALS SUPPLYING THE NECESSARY PAPER. FRIDAY MORNING WITNESSED A MASSIVE 2 MILLION OZ OF PAPER SHORTS SUPPLIED BY OUR BANKERS. HOWEVER THIS RAID AGAIN BECAME TOTALLY UNSUCCESSFUL. THE BANKERS REALIZING ANOTHER FAILURE IN THEIR ATTEMPT TO CONTAIN PRECIOUS METAL PRICES, TRIED TO COVER IN HURRY AND PROBABLY TO NO AVAIL .

Result: A GOOD SIZED GAIN IN OI with A FAIR RISE IN PRICE IN GOLD AND AN UNSUCCESSFUL RAID.

we had: 38 notice(s) filed upon for 3800 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

GLD:

Late Friday night , we had a big  change in gold inventory: a deposit of 5.91 tonnes into the GLD inventory

Inventory rests tonight: 805.20 tonnes

IN THE LAST 31 TRADING DAYS: GLD SHEDS 31.77 TONNES YET GOLD IS HIGHER BY $77.30 .

SLV

Today:  WE HAD NO CHANGES IN SILVER INVENTORY TONIGHT:

INVENTORY RESTS AT 333.178 MILLION OZ

 

end

.

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

1. Today, we had the open interest in silver FALL BY 248 contracts from 188,413 DOWN TO 188,145 (AND now A LITTLE FURTHER FROM THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) WITH FRIDAY’S 9 CENT GAIN IN TRADING. SILVER RESPONDED TO THE GEOPOLITICAL CLIMATE WHEREBY TRUMP THREATENED TO SHUT DOWN GOVERNMENT UNLESS HE GOT HIS WALL PLUS THE TWO DOVISH SPEECHES BY YELLEN AND DRAGHI AT JACKSON HOLE. SOME PAPER PLAYERS TENDERED SOME OF THEIR LONGS FOR SEPT. EFP’S BUT THAT OBLIGATION STILL RESTS WITH THE BANKERS BUT ON A DIFFERENT EXCHANGE  (LONDON).  SO AT THE COMEX THE GAIN IN OI FROM THE NEWBIE LONGS ENTERING THE CASINO COUNTERBALANCED THOSE LONGS LEAVING FOR EFP’S

RESULT:  A SLIGHTLY LOWER OI AT THE COMEX, WITH A HIGHER PRICE. (AND A GAIN IN DELIVERABLE PRODUCT IN LONDON)

(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

 i)Late SUNDAY night/MONDAY morning: Shanghai closed UP 31.30 POINTS OR 0.93{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}   / /Hang Sang CLOSED UP 15.13 POINTS OR 0.05{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/ The Nikkei closed DOWN 2.71 POINTS OR 0.01{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Australia’s all ordinaires CLOSED DOWN 0.55{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed UP at 6.6230/Oil DOWN to 47.44 dollars per barrel for WTI and 52.60 for Brent. Stocks in Europe OPENED RED. Offshore yuan trades  6.6253 yuan to the dollar vs 6.6230 for onshore yuan. NOW THE OFFSHORE MOVED SLIGHTLY WEAKER  TO THE ONSHORE YUAN/ ONSHORE YUAN MUCH STRONGER (TO THE DOLLAR)  AND THE OFFSHORE YUAN IS MUCH STRONGER TO THE DOLLAR AND THIS IS COUPLED WITH THE WEAKER DOLLAR. CHINA IS HAPPY TODAY

Read More @ HarveyOrganBlog.com

Triple Lutz Report #425 – Andy Hoffman’s Next Move , Hurricane Report, and Monument Update

by Kerry Lutz, Financial Survival Network:

Our prayers go out to all you FSN community members in Texas suffering the effects of Hurricane Harvey. Be safe and be smart.

Talked with Andy Hoffman, he’s still going to be around and promises you’ll be the first to know.

All this talk of removing confederate monuments is contrived manufactured controversy from the Left. They stand for nothing but divisiveness and preying upon dissatisfaction. This will prove to be a world class blunder on their part.

Speaking of which, the GOPe or Establishment is blundering in their Trumpian Opposition. It’s backfiring on them now as at least four GOPe senators are facing serious primary challenges from the pro-Trump forces. It’s getting very interesting!

Read More @ FinancialSurvivalNetwork.com

IT’S ON: Christian Group Sues SPLC and Amazon Over ‘Hate Group’ Designation

0

by Tyler O’Neil, Pj Media:

On Tuesday, D. James Kennedy Ministries (DJKM) filed a lawsuit against the Southern Poverty Law Center (SPLC), the charity navigation organization GuideStar, and Amazon for defamation, religious discrimination, and trafficking in falsehood. The SPLC listed DJKM as a “hate group,” while GuideStar also categorized it in those terms, and Amazon kept the ministry off of its charity donation program, Amazon Smile.

“We embarked today on a journey to right a terrible wrong,” Dr. Frank Wright, president and CEO at DJKM, said in a statement Tuesday. “Those who knowingly label Christian ministries as ‘hate’ groups, solely for subscribing to the historic Christian faith, are either woefully uninformed or willfully deceitful. In the case of the Southern Poverty Law Center, our lawsuit alleges the latter.”

The SPLC has labeled DJKM an “anti-LGBT hate group” for its opposition to same-sex marriage and transgenderism. “These false and illegal characterizations have a chilling effect on the free exercise of religion and on religious free speech for all people of faith,” Wright declared.

“After having given the SPLC an opportunity to retract, we have undertaken this legal action, seeking a trial by a jury of our peers, to preserve our own rights under the law and to defend the religious free speech rights of all Americans,” the DJKM president concluded.

The lawsuit laid out charges against the SPLC, GuideStar, and Amazon. “SPLC acted knowingly, intentionally, and with actual malice in publishing the Hate Map that included the Ministry and in publishing the SPLC Transmissions to GuideStar that included the ministry,” the suit alleged. “SPLC’s conduct in making these publications was beyond the reckless disregard for the truth standard required by Alabama law for punitive damages.”

The suit claimed that “the Ministry suffered special damages in its exclusion from the AmazonSmile program as a result of SPLC’s publication of the Hate Map and the SPLC Transmissions.”

Specifically, DJKM brought the suit under the Civil Rights Act of 1964 for religious discrimination, under the Lanham Act for trafficking in false or misleading descriptions of the services offered under the ministry’s trademarked name, and for defamation under Alabama common law arising from “the publication and distribution of information that libels the Ministry’s reputation and subjects the Ministry to disgrace, ridicule, odium, and contempt in the estimation of the public.”

Read More @ PJMedia.com

After Charlottesville, United Nations Demands U.S. Quash First Amendment

from Govt Slaves:

While some of its leading member regimes behead Christians and chop body organs out of political prisoners, the United Nations issued an “early warning” to the United States and demanded illegal restrictions on free speech. As part of its decision, the UN Committee on the Elimination of Racial Discrimination (CERD), a body that includes communists and Islamists, lambasted the United States and President Donald Trump without actually mentioning his name. But critics were quick to ridicule the UN outfit amid growing calls for the U.S. government to withdraw from the widely criticized “dictators club.”

In a press release blasting the United States for its alleged “failure to unequivocally reject racist violent events,” the UN CERD provided concrete evidence that it has either been watching too much “fake news,” or that it is willing to lie in order to advance its fanatical anti-American, anti-freedom agenda. Not that it should matter to the UN, which has a charter specifically prohibiting involvement in nations’ domestic affairs, but President Trump repeatedly condemned the Ku Klux Klan, neo-Nazis, white supremacists, racists, and others, along with the violent and terroristic communist forces that reportedly clashed with them in Virginia this month.

“Racism is evil,” Trump declared after the violence in Charlottesville. “And those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists and other hate groups that are repugnant to everything we hold dear as Americans.” Trump also denounced the violent “Antifa” extremists on the other side of the confrontation who, ironically, share much in common with their totalitarian-minded National Socialist nemeses.

Perhaps the UN never got the memo about Trump, though. “We are alarmed by the racist demonstrations, with overtly racist slogans, chants and salutes by white nationalists, neo-Nazis, and the Ku Klux Klan, promoting white supremacy and inciting racial discrimination and hatred,” complained radical left-wing activist Anastasia Crickley, the chairperson of UN CERD, in a widely publicized statement. “We call on the U.S. Government to investigate thoroughly the phenomenon of racial discrimination targeting, in particular, people of African descent, ethnic or ethno-religious minorities, and migrants.”

Beyond simply condemning speech, the UN also believes the U.S. government must wage a propaganda campaign to promote “tolerance” and “diversity,” two terms that globalists and leftists have weaponized to undermine liberty and promote open borders, globalism, perversion, and hate. According to the UN document, U.S. authorities must not only“unequivocally and unconditionally reject and condemn racist hate speech and racist crimes in Charlottesville and throughout the country,” they must also “actively contribute to the promotion of understanding, tolerance, and diversity between ethnic groups, and acknowledge their contribution to the history and diversity of the United States of America.”

Perhaps even more alarming than the dictators club’s brazen meddling in U.S. affairs, though, was the UN’s hostile assault on the constitutionally protected, God-given rights of free speech, free expression, freedom of thought, and freedom of assembly. In multiple statements plastered across the UN’s websites, the global outfit — dominated by unfree regimes and even mass-murdering tyrants — attacked the First Amendment head on. The statements demanded that the U.S. government restrict free speech and association, saying it called on authorities “to provide the necessary guarantees so that such rights are not misused to promote racist hate speech.”

Read More @ GovtSlaves.com

Cambodia Exposes, Expels US Network

by Joseph Thomas, New Eastern Outlook:

The government of Cambodia has exposed and expelled a US network attempting to interfere in the nation’s political processes. The US National Democratic Institute (NDI) was reportedly ordered to end its activities in the country and remove all of its foreign staff.

In a statement, the foreign ministry accused the National Democratic Institute (NDI) of operating in Cambodia without registering, and said its foreign staff had seven days to leave. Reuters in an article titled, “Cambodia orders U.S.-funded group to halt operations, remove staff,” would claim:

Authorities were “geared up to take the same measures” against other foreign NGOs which fail to comply with the law, the ministry added.

The article also noted that:

Prime Minister Hun Sen, who has ruled Cambodia for more than three decades, on Tuesday ordered the English-language The Cambodia Daily newspaper to pay taxes accrued over the past decade or face closure. The paper was founded by an American. 

He also lashed out at the United States and non-governmental organizations (NGOs) and accused them of funding groups attempting to overthrow his government.

The American-owned Cambodia Daily newspaper in its own article titled, “NDI Ordered to Halt Operations, Foreign Staff Face Expulsion,” would note that:

The announcement comes less than a week after documents leaked on Facebook and circulated on government-affiliated media appeared to show political cooperation between NDI and the opposition party, amid increased tension in recent weeks between the government and U.S.-backed NGOs and media outlets. 

NDI could not immediately be reached for comment. 

Radio Free Asia and Voice of America have also both been accused of not fulfilling tax and registration obligations. The Cambodia Daily, whose publisher is a U.S. citizen, was hit with a $6.3 million unaudited tax bill and threatened with imminent closure if it is not paid by September 4.

Reuters would cite NDI’s own website in an attempt to inform readers about what its role is in Cambodia claiming, “the NDI works with political parties, governments and civic groups to “establish and strengthen democratic institutions.””

NDI is a US government and US-European corporate-funded organisation chaired by representatives from America’s business and political community.  Of the 34 listed members of NDI’s board of directors, virtually all of them either have direct ties to US corporations and financial institutions, are members of corporate-funded policy think tanks or previously were employed by the US State Department, or a combination of the three.Yet, even a cursory investigation of NDI and the media and political organisation in its orbit and the very nature of even its proposed role in Cambodia’s political process indicates impropriety and subversion Reuters is intentionally failing to convey to readers.

What NDI Really is and What it Really Does

Directors with particularly prominent conflicts of interests include:

Madeleine Albright: Albright Stonebridge Group and Albright Capital Management LLC

Harriet Babbitt: Council on Foreign Relations

Thomas Daschle: The Daschle Group

Robert Liberatore: former senior vice president of DaimlerChrysler, an NDI financial sponsor
Bernard Aronson: former Goldman Sachs adviser
Howard Berman: senior advisor at Covington & Burling

Richard Blum: chairman of Blum Capital Partners

NDI director Thomas Daschle, for example, actually has foreign political parties as paying clients through is “Daschle Group,” including VMRO DPMNE based in Macedonia as revealed by The Hill. NDI is likewise active in Macedonia, providing support directly to VMRO DPMNE, even co-hosting events in the country according to NDI’s own social media account on Facebook.

In Southeast Asia, Freedom House, yet another subsidiary of NED, would provide extensive aid to opposition groups in Thailand led by ousted former prime minister Thaksin Shinawatra, with Freedom House director Kenneth Adelman (PDF) concurrently providing paid-for lobbying services to Thaksin Shinawatra himself.

It appears that such conflicts of interests are not the exception, but the rule indicating that NED and its subsidiaries including NDI pursue the collective corporate and financial interests of their boards of directors merely behind the guise of “strengthening democratic institutions.”

An examination of NDI’s corporate sponsors casts further doubts upon its alleged mission statement. Its financial sponsors, according to NDI’s 2005 annual report (PDF), include:

  • British Petroleum
  • Bell South Corporation
  • Chevron
  • Citigroup
  • Coca Cola
  • DaimlerChrysler Corporation
  • Eli Lilly & Company
  • Exxon Mobil
  • Honeywell
  • Microsoft
  • Time Warner

Donors also include convicted financial criminal George Soros’ Open Society Foundation as well as the National Endowment for Democracy (NED) of which NDI is a subsidiary of, as well as the US Agency for International Development (USAID) and the US State Department itself.

Corporations like BP, Chevron, Citigroup, Coca Cola, Exxon, defence contractor Honeywell and IT giant Microsoft are not interested in promoting democracy. They are using democracy promotion as a means behind which to create conditions more conducive to expanding markets and increasing profits. This includes undermining governments impeding foreign corporate control of national resources and markets, or entirely removing and replacing governments with more obedient client regimes.

The contemporary history of American foreign wars and its practice of “regime change” and “nation building” provides self-evident confirmation of the motives and means used to expand US hegemony and clearly illustrates where organisations like NDI fit into the process.

In Cambodia’s case, a much larger, overarching agenda is in play than merely national resources and markets. US activities in Cambodia to coerce or replace the current government in Phnom Penh is done specifically to encircle and contain China through a united front of client states assembled by the United States across Southeast Asia.

Cambodia, along with the rest of Southeast Asia, has begun strengthening ties with Beijing economically, politically and militarily. Large infrastructure programmes, weapon acquisitions, joint-training exercises and trade deals are all on the table between Beijing and Phnom Penh.

The US, conversely, has provided few incentives beyond its failed Trans-Pacific Partnership scheme and coercion through networks like NDI and the myriad media and political proxies they fund and operate in Cambodia.

With NDI shuttered, its foreign staff expelled and the organisations and publications it was funding facing similar closures and evictions, it appears what little the US had on the table has been swept away. Cambodia’s particularly bold move may be replicated across Southeast Asia where similar US networks are maintained to manipulate and coerce the political processes of sovereign states.

“Democracy Promotion” From Abroad is a Contradiction

The notion that NDI is “promoting democracy” is at face value an absurdity. Democracy is a means self-determination. Self-determination is not possible if outside interests are attempting to influence the process.

A political party funded and directed by US interests through organisations like NDI, supported by media outfits and fronts posing as nongovernmental organisations likewise funded from abroad preclude any process of self-determination and is thus not only in no shape, form or way “democracy promotion,” it is a process that is fundamentally undemocratic.
https://journal-neo.org/2017/08/27/cambodia-exposes-expels-us-network/

Read More @ Journal-NEO.org