This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks

"The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing. The central plank of Bernanke's magic recovery plan has been to get everybody back borrowing, spending, and "investing" in stocks, bonds, and other financial assets. But not equally so - he has been instrumental indistorting the landscape towards risk assets and away from safe harbors. That's why a 2- year loan to the US government will only net you 0.22%, a rate that is far below even the official rate of inflation. After the two years is up, you are up $44k (interest) but out $260k (inflation) for net loss of $216,000. That wealth, or purchasing power, did not just vanish: it was taken by the process of inflation and transferred to someone else. This explains, almost completely, why the gap between the rich and everyone else is widening so rapidly, and why financiers now populate the top of every Forbes 400 list. There is no mystery, just a process of wealth transfer of magnificent and historic proportions; one that has been repeated dozens of times throughout history."

- Source, Zero Hedge, read the full article here:

http://www.zerohedge.com/news/2013-04-16/guest-post-gold-slam-massive-wealth-transfer-our-pockets-banks

Paul Craig Roberts - Triple Bubble Implosion Is Coming

"Alex welcomes American economist and renowned columnist Paul Craig Roberts to examine the Cyprus bank crisis situation and America's own crumbling economy."

- Source, Infowars:

http://www.infowars.com/

Silver Goes Higher As Bitcoin Hysteria Shifts To Non Electronic Money

"It would appear that physical assets trump digital assets this morning in Europe as Silver has just spiked over 1% (and Gold back over $1615) as Bitcoins plunge on heavy volume... Did the Europeans run out of Bitcoins? Given the lack of movement in 'traditional' currency markets, one has to wonder just how much faith has been lost in the folding fiat fiasco."

- Source, ZeroHedge, Read the full article here:

http://www.zerohedge.com/news/2013-03-21/silver-slams-higher-bitcoin-hysteria-shifts-non-electronic-money

Only A Few Hours Of Liquidity Left - Cyprus Major Bank

It appears, based on government officials, that things are going a little critical in Cyprus. Following rumors of the closure (restructuring) of good/bad bank assets for Cyprus Popular Bank, we get this news:

*CYPRUS HASN'T HAD ANY FURTHER NEWS FROM RUSSIA: OFFICIAL
*CYPRUS POPULAR BANK HAS "FEW HOURS OF LIQUIDITY LEFT": OFFICIAL

- Source, ZeroHedge, read the full post here:

http://www.zerohedge.com/news/2013-03-21/cyprus-popular-bank-only-few-hours-liquidity-left

Wealth Inequality in America

"Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is."

Farage Slams Eurozone As Complete Economic Disaster

"The air is thick with denial in this chamber," is how UKIP's Nigel Farage begins his truthiness rant at the most recent European Council meeting. Reflecting on the Italian election and overwhelming success of 'Eurosceptic' political parties, Farage barks that it "is absolutely clear that Eurozone membership is completely incompatible with nation-state democracy." The complete denial (and "unutterable drivel") about the Eurozone crisis incenses him as he says "you'd think listening to everyone this morning that it's over." The real problem, he explains, is that they won't face up to the reality that "You are not facing up to the consequences for what you've done," as he tries to make the technocrats comprehend, "the Eurozone has been a complete economic disaster," because of the Euro - and the disaster is still coming down the tracks."

- Source Zero Hedge, read the full article here:

http://www.zerohedge.com/news/2013-03-13/farage-slams-eurozone-complete-economic-disaster

Jim Sinclair - QE to Infinity is the Only Tool They Have

"When I said, QE to infinity a long time before anybody else got that idea into their mind, I did it because there was only one tool in any central banks’ tool box that could create infinite amounts of money in a computer instant. And that would logically indicate that if what I expected to happen happened, then QE would be used, and ‘to infinity’ means until it no longer functions.

Infinity is only one control of QE and that’s the dollar in US activity. So as long as the dollar, because of currency wars, can remain even as a mirror image, looking not so bad, QE can continue to any amount.”

- Jim Sinclair via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/2_Jim_Sinclair_-_Bulls_%26_Bears_To_Be_Wiped_Out_3_Times_In_Gold.html

Jim Sinclair - We Are Witnessing A Historic Low In Gold

“Historically we are at an extreme low. But more so than that, when you are short you have a price objective. If you are a government you have a price objective. That price objective being reached might change the pattern of your trading.

The pattern of what’s taking place in this down market is absolutely clear: At periods every day like clockwork, when the lowest volume of trading historically takes place, the largest amount of offerings have come into the marketplace (for gold), creating a drubbing, a down (move).

Every time there is a major move in a market there will be hangers on, and they are the ones that tend to lose on both sides...."

- Jim Sinclair via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/1_Jim_Sinclair_-_We_Are_Witnessing_A_Historic_Low_In_Gold.html

Financial Collapse is Inevitable

"Michael Pento of Pento Portfolio Strategies contends the open-ended Fed money printing is creating ". . . a fictitious world of artificially low interest rates." Pento says, "We need to move quickly towards a balanced budget . . . yes, it will be painful for a lot of people." If we don't change course, Pento says, "A financial collapse is inevitable . . . the free market will force this Fiscal Cliff upon us. There is no way around it." If you ever wanted to hear Mr. Pento uninterrupted and unfiltered by mainstream financial media, here's your chance. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist Michael Pento."

- Source, USA WatchDog:

http://usawatchdog.com/

The Coming Bond Market Collapse: How to Survive the Demise of the U.S by Michael Pento

Those Who Have Caused Wreckage Will Not Have My Gold

"I swear those that have caused the wreckage of all things once held dear to us shall not have my gold or gold share position. Fear is no part of me, and I will face the enemy, confident in our success."

Respectfully,
Jim Sinclair

Get the Investment of this Decade

Ending the Currency Wars with a Gold Standard

"In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss ending the currency war with a gold standard. They also look at how, since going off the gold standard in 1971, productivity gains have all gone to the one percent who create and push the paper and credit. In the second half of the show, Max Keiser talks to Jan Skoyles of the Real Asset Company about gold monetisation, renminbi internationalization and the very harsh laws against sterling devaluation."

- Source, Keiser Report:

http://maxkeiser.com/

Jim Willie - Currency Wars and the US Dollar Rejection

"GoldMoney's Alasdair Macleod talks to Jim Willie of GoldenJackass.com, publisher of the "Hat Trick Letter". They discuss his recent article on the currency wars and the rise in non-US-dollar-based trading.

They talk about China's increasing use of yuan swaps in bilateral trade. Sanctions on Iran have led to an increase in trade settled in gold, with Willie pointing out the intermediary role of Turkey in this matter. Jim and Alasdair also discuss deindustrialisation in the United States and the subsequent destruction of capital; with Willie mentioning the mysterious outflow of gold classified as "industrial supplies" out of the US.

They discuss the pressure on the dollar due to the declining importance of the dollar in international trade, and how the US Dollar Index (USDX) is understating the true decline in the dollar's value. Willie also talks about the Treasury Bond bubble and how interest-rate swaps are supressing yields.

Finally they talk about China, and the possible introduction of a gold trade note by which gold could become the basis of trade settlement. Willie speculates about the actual non-reported amount of gold held by China."

- Source, GoldMoney:

http://www.goldmoney.com/gold-audio-podcasts.html