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GATA figures heavily in Financial Times report on gold

Gold 2008! JP Morgan Fixes Prices and the Saudis Snag 180 Tons, Cheap

Something is bugging me. Where did Saudi Arabia find 180 tons of gold to buy at a bargain price in the first two weeks of November, 2008? During that period, buried among the stories about our newly elected president and our tanking economy, a few financial bloggers had time to post this http://gulfnews.com/business/markets/gold-.... » read more

North Korea attacking U.S. with fake $100 bills

A New Jersey man was shocked when police informed him that the $100 bill he withdrew from his bank to pay taxes earlier this month was a masterfully made counterfeit What the man may not have realized is that the State Department has confirmed a rash of these almost undetectable counterfeits, called "supernotes," have been flooding the U.S. from North Korea in a form of monetary sabotage one former FBI agent warns could constitute an act of war Read the latest now on WND.com. Plus! His campaign blamed "shameful, shadowy attackers.. » read more

The Hidden Meanings in the New $100 Bill!

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The Best Gold Interview of 2010

Much of what passes for “insider” information these days is often conspiracy-edged or largely conjecture. True inside information is actually hard to come by. So what follows is the refreshingly candid and uncut version of my talk with a first-hand participant in the murky and little-understood world of gold bullion, mints, and bullion dealers. Customarily, when considering a company for a potential recommendation, I hold a series of discussions with management. It was during one of these vetting procedures that I spoke with Andy Schectman of Miles Franklin – and heard some disturbing reports about supply that every investor should know.. » read more

Michigan Says Enough To Fed: Takes Matters Into Own Hands As It Starts Using Own Currency…And Gold

Either in anticipation of QE2 which will cut the value of the dollar by another 50% once another $2 trillion in toxic crap becomes the “assets” backing the viability of the dollar, or just because they are sick of Fed policies, mid-Michigan has taken monetary matters into their own hands, and in one simple act, completely bypassed the destabilizing influence of the domestic currency printers. As ConnectMidMichigan reports, “New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency. Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.. » read more

The New Push for a Global Currency

You surely didn't think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man's hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us. The IMF study that calls for this is by Reza Moghadam of the Strategy, Policy, and Review Department, "in collaboration with the Finance, Legal, Monetary and Capital Markets, Research and Statistics Departments, and consultation with the Area Departments." In other words, this paper shouldn't be ignored. It's a long-term plan, but the plan has the unmistakable stamp of Keynes: "A global currency, bancor, issued by a global central bank would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy.. » read more

BP Coverup and the Criminal Pursuit of Profit: Deepwater Horizon Workers knew of Problems before Explosion

July 23, 2010 - Two internal Transocean reports obtained by The New York Times shed further light on the criminal negligence of both BP and Transocean in the lead-up to the April 20 explosion aboard the Deepwater Horizon oil rig, which killed 11 workers and set off one of the most devastating environmental catastrophes in human history. The reports reveal that Deepwter Horizon workers were well aware of mechanical and safety problems aboard the rig, but they feared reprisal should they speak out. The documents also strongly indicate that BP and Transocean knowingly disregarded basic safety and maintenance. The first, a 33-page report, details confidential surveys of at least 40 workers aboard the rig, carried out by a third party and commissioned by Transocean, the owner of the Deepwater Horizon rig. The surveys, conducted from March 12-16—just one month before the blowout—reveal serious concerns among workers about safety procedures and the reliability of rig equipment.. » read more

GOLDMAN SACHS VS. SACKS OF GOLD

TIME TO TRADE IN GOLDMAN SACHS FOR SACKS OF GOLD! One Sold Fool's Gold; the Other Is Real and Reliable By Craig R. Smith, Chairman, Swiss America Days before debate on a major Democratic bill to further control financial institutions was to begin, the Securities and Exchange Commission charged Goldman Sachs with civil fraud. The SEC accused this giant investment bank of marketing dodgy mortgages bundled with help from a hedger who made a billion dollars betting that these investments would lose value. Goldman Sachs clients lost at least $1 billion and, along with stockholders, might now sue the company. The SEC action is part of a populist campaign to demonize banks and Wall Street as Democrats try to regain independent voters and the far left.. » read more

The Search for a Reserve Currency

Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity, whether positive or negative. At present, the US dollar, which had experienced a gradual rise during the 20th Century to the position gained well into the Cold War of being the trading world’s reserve currency. It had the mass, in terms of volumes of available currency; it had the backing of an indisputably wealthy national asset base to move away from the gold standard; it had stable governmental backing. All of that is evaporating.. » read more

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