Jan 25

You can be a billionaire and still don’t have the foggiest idea about healthy food and how to keep the body healthy.


- $43 Hot Dogs; $47 Burgers And $55 Caesar Salads: A Look At The Davos Menu (ZeroHedge, Jan 23, 2015):

Billionaires may live in a world untroubled by such petty concerns as rising costs of living and declining real wages, but like everyone else they have to eat. And pay. The picture below shows what the menu prices, in Swiss Francs, are for various meals offered for sale to the billionaires and other upper class “luminaries” currently congregating in Davos.  Some examples converted to USD: Hot Dog: $43; Burger: $47; Caesar salad: $55.

davos menu

This is what a $55 caesar salad looks like: Continue reading »

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Jan 24

Soros


- How The Swiss National Bank Almost Crushed George Soros (ZeroHedge, Jan 23, 2015):

Minutes after last week’s Swiss National Bank shocker, jokingly we mused:

… because there would be nothing more ironic if the man who “broke the Bank of England” ended up being FXCMed himself by another central bank, over two decades later and just as he was set to finally retire, at the age of 84, formally, something he supposedly announced in Davos yesterday. Continue reading »

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Jan 18

- The SNB’s Wake-Up Call: Keynesian Central Banking Is Destroying Money And Markets (David Stockman’s Contra Corner, Jan 17, 2015):

It seems everyone was short the franc (CHF) as a matter of taking monetarism at face value. In other words, it amounted to believing the central party line about the economy and normalcy despite the fact that markets have been increasingly pessimistic about it all and actively and aggressively betting against it. Goldman Sachs is just one of many: Continue reading »

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Jan 16

001-switzerland

- What Really Happened At The SNB Yesterday: One Person’s Take (ZeroHedge, Jan 16, 2015):

Via Reto Rietberg,

Here are a few theories on what really happened at the Swiss National Bank on January 15, 2015. That fateful day, the SNB suddenly decided to end suppressing the value of the Swiss Franc versus the Euro.

What happened at the SNB? Continue reading »

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Jan 16

Switzerland

- Peter Schiff: Swiss Surrender Wins Currency War (Euro Pacific Capital via ZeroHedge, Jan 15, 2015):

 By Peter Schiff

By ending its three year currency peg to the weakening euro Switzerland has become the first major economy to surrender in the international currency war, and in so doing has given a long-delayed victory to the Swiss people. Contrary to the indignant reaction by the media and financial establishment, the decision is not a disaster for Switzerland. A continuance of an open-ended peg to the euro could have ultimately ruined the country. Its surprise move, perhaps prompted by the European Central Bank’s recently announced intentions to unleash its own quantitative easing program, may be looked at in the future as the first significant counter-attack against our current global system of monetary insanity.
Continue reading »

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Jan 16

1-Switzerland

- What In The World Just Happened In Switzerland? (Economic Collapse, Jan 15, 2015):

Central banks lie.  That is what they do.  Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”.  But on Thursday, the central bank shocked the financial world by abruptly abandoning it.  More than three years ago, the Swiss National Bank announced that it would not allow the Swiss franc to fall below 1.20 to the euro, and it has spent a mountain of money defending that peg.  But now that it looks like the EU is going to launch a very robust quantitative easing program, the Swiss National Bank has thrown in the towel.  It was simply going to cost way too much to continue to defend the currency floor.  So now there is panic all over Europe.  On Thursday, the Swiss franc rose a staggering 30 percent against the euro, and the Swiss stock market plunged by 10 percent.  And all over the world, investors, hedge funds and central banks either lost or made gigantic piles of money as currency rates shifted at an unprecedented rate.  It is going to take months to really measure the damage that has been done.  Meanwhile, the euro is in greater danger than ever.  The euro has been declining for months, and now the number one buyer of euros (the Swiss National Bank) has been removed from the equation.  As things in Europe continue to get even worse, expect the euro to go to all-time record lows.  In addition, it is important to remember that the Asian financial crisis of the late 1990s began when Thailand abandoned its currency peg.  With this move by Switzerland set off a European financial crisis? Continue reading »

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Jan 16

20150115_EOD

- Swissnado Stuns Stocks, Bonds & Bullion Bid (ZeroHedge, Jan 15, 2015)

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Jan 15

Gold-SNB-Reaction

What would you (as SNB) do if you knew that the euro is doomed?

Related info:

- So Much Changes In 48 Hours (ZeroHedge, Jan 15, 2015):

January 12, 2015: “We took stock of the situation less than a month ago, we looked again at all the parameters and we are convinced that the minimum exchange rate must remain the cornerstone of our monetary policy,” SNB’s Jean-Pierre Danthine.

January 15, 2015: “Recently, divergences between the monetary policies of the major currency areas have increased significantly – a trend that is likely to become even more pronounced. The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar. In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified.”


Switzerland

“It’s Carnage” – Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed (ZeroHedge, Jan 15, 2015):

“As if millions of macro hedge funds suddenly cried out in terror and were suddenly silenced”

Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more.

What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position, before finally rebounding to a level just above 1.00, which is where it was trading just before the SNB instituted the currency floor over three years ago. Continue reading »

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Dec 23

I agree the with Marc Faber that the U.S. government will – again – try to take away the gold from the people, …

… which is one of the many reasons why I’ve told people to invest into silver, because I do not believe that they will try to take away your silver.

However, I do not agree with Marc Faber’s recommendation to store your gold in a vault in Singapore or Switzerland.

Related info:

- Secret Document: EU Plans To Forcibly Open All Safe Deposit Boxes

- The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

- States Seize Citizens’ Safe Deposit Boxes To Balance Their Budgets (ABC News Video)

- US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

- Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’



Dec 22, 2014

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Dec 18

Switzerland

- Swiss Central Bank Plunges Into NIRP, Sends Deposit Rates Negative, Scrambles Against Safe-Haven Capital Flight (ZeroHedge, Dec 18, 2014):

Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks, when it revealed a negative, -0.25% interest rate on sight deposits: a step which according to the SNB was critical in maintaining the 1.20 EURCHF floor.

From the SNB:

The Swiss National Bank (SNB) is imposing an interest rate of –0.25% on sight deposit account balances at the SNB, with the aim of taking the three-month Libor into negative territory. It is thus expanding the target range for the three-month Libor to –0.75% to 0.25% and extending it to its usual width of 1 percentage point. Negative interest will be levied on balances exceeding a given exemption threshold. Continue reading »

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Dec 17

Gold-Vault

- Commodity Trading Giant Exits Physical Gold Due To “Lack Of Physical With A Documented Origin” (ZeroHedge, Dec 16, 2014):

Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners, billionaire Gennady Timchenko (estimated net worth of $8.5 billion), sold his entire 44% stake in the company to his partner in the firm, Torbjorn Tonqvist, just a day before the US revealed its first round of sanctions against individuals affiliated with the Putin regime. Timchenko was among them. As a result of the sale, however, Gunvor avoided falling on the US sanctions list and a Treasury official said that “Gunvor Group Ltd. isn’t subject to automatic blocking from dealing with U.S. persons under Russian sanctions because co-founder Gennady Timchenko owns less than 50 percent of the company.”

Since then the Geneva-based company rarely appeared in the media which is how the nondescript company lliked it. Until last week, that is, when Bloomberg reported that the company was giving up trading physical precious metals, read gold, less than a year after the commodity house started a business dedicated to buying and selling gold. Gunvor is, or rather was, one of the few large commodity firms that handles precious metals. The move into gold was part of an expansion into non-oil businesses that now include iron ore, industrial metals and natural gas. Gold trading was done by a handful of people in Singapore and Geneva.

Gunvor’s move away from physical commodities trading in itself is not surprising: recall that first it was Germany banking titan Deutsche Bank which announced it would no longer trade physical precious metals last month. Continue reading »

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Dec 13

SWITZERLAND-CRIME-DEMO
A worker cleans shattered glass outside a shop after a night of riots in Zurich on December 13, 2014. (AFP Photo/Michael Buholzer)

- Rioters clash with police in downtown Zurich, rampage through city center (VIDEO) (RT, Dec 13, 2014):

Massive scenes of violence were reported in Zurich, one of the world’s most quiet and prosperous cities. Some 200 masked left-wing radicals clashed with police and set streets in the city center ablaze. Seven policemen were injured in the incident.

The rioters, wearing masks and protective clothing, and armed with iron bars, gathered on Friday evening. They launched a provocation at law enforcers, a police statement said, according to AFP. A police car was set on fire and officers’ equipment was stolen before police arrived on the scene.

The offenders then threw rocks and Molotov cocktails at police, setting more cars and trash bins on fire. They also shattered storefronts and attacked a restaurant, with terrified locals fleeing the scene.

To disperse the unauthorized riot, police had to deploy rubber bullets, tear gas and water cannons.

A “Reclaim the Streets” banner was seen among the crowd of protesters. The organization, which stands for the idea of community ownership of public spaces, as opposed to the dominance of corporate forces, describes itself as a non-violent movement. Its representatives said on Twitter they had nothing to do with the Zurich clashes, describing them as “brainless, ignorant violence.”

Clashes continued for some two hours before order was reportedly restored by midnight. Seven police officers were hospitalized after the “deliberate attack,” officials said in a statement on Saturday. There have been no reports of casualties among the protesters.

The unrest in usually quiet Zurich – Switzerland’s largest and one of Europe’s wealthiest cities – resulted in hundreds of thousands of euros worth of damage. Four men, aged 20 to 36, have been arrested, with two Swiss, one Briton and a person from Liechtenstein among them.

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Nov 28

Gold Shortage, Worst In 21st Century, Sends 1Y GOFO To Lowest Ever… And India Just Made It Worse (ZeroHedge):

While we have covered the aberration that is a negative gold GOFO rate previously and in extensive detail in this post, an abridged version of what negative GOFO means comes courtesy of Deutsche Bank’s recent discussion on what a successful Swiss gold referendum. To wit: “It is interesting to note that benchmark gold-dollar swap rates have recently traded negative, meaning investors are paying to borrow gold. This is unusual as gold is traditionally used as a source of collateral for cash financing…. [A] number of factors may play a role, such as excess dollar liquidity or an increased demand for collateral on the back of the global regulatory developments.” In short a gold shortage at the institutional, read commercial and central bank, level. And not just a shortage but the biggest shortage in history, judging by today’s latest plunge in the 1 Month GOFO which just dropped to -0.5% and , worse, 1 Year GOFO that just hit its lowest print in the 21st century, and is also about to go negative: something that has never happened before further suggesting the gold shortage could go on for a long, long time!

The Russian navy frigate Smolny is seen at the STX Les Chantiers de l'Atlantique shipyard site in Saint-Nazaire

- Russian Warship Flotilla Enters English Channel For Military Exercises (ZeroHedge):

The French delivery of two Mistral ships to Russia may be postponed indefinitely (a move which ultimately would cost Hollande over $4 billion in contract breach penalty fees he simply can’t afford to pay), but that doesn’t mean the Russian navy has been hobbled or is hiding in the corner. To the contrary: according to the following tweet from the UK Ministry of Defense, Russia’s navy is getting quite bolder. “Four Russian ships escorted through Dover Strait from North Sea by @RoyalNavy HMS Tyne this morning. Ships have left UK waters.”  What happened? As Bloomberg reports, at least 4 vessels which departed the Russian Northern Fleet main base on November 20, led by anti-submarine ship Severomorsk, entered English channel for exercises that include anti-sabotage training, damage control in case of fire and water intake, state-run news service RIA Novosti says, citing statement from Navy.

 …

us TVs

- The 2014 Black Friday Frenzy: America Goes Shopping, In Photos (ZeroHedge)

Black Friday

- “An Unstoppable Zombie Holiday” – Humanity Shudders as America Exports Black Friday to the World (Liberty Blitzkrieg):

Greater Manchester Police said two arrests were made and injuries reported as police closed some stores to prevent more severe problems. One woman was injured by a falling television set.

The force tweeted “Keep calm, people!” at one point.

There were problems in many parts of Britain, including Wales and Scotland.

– From the Associated PressBlack Friday Chaos Hits Britain

Black Friday is one of those days when all the hope and optimism one possesses for the future of humanity is threatened by the gross, primal, in-your-face reality. I’ve written about the holiday before, specifically, in the piece, The SDR: The Same Demented Regime. Here’s an excerpt:

- Government uses 225-year-old law to force companies to unlock phones (RT):

Revelations about how governments swallow up huge amounts of data have led to consumers and companies embracing encryption like never before, but feds may have found a hidden weapon within a centuries-old law now being used in court.

Late last month, a federal magistrate in New York approved a request filed by United States attorneys and compelled an unnamed cell phone maker to unlock a mobile device that had been seized by authorities pursuant to an investigation. In ordering the company to do as much, though, the judge agreed with an argument made weeks earlier by the US government in which its lawyers said the All Writs Act, a law first put on the books 225 years ago in 1789, should be evoked.

US attorneys told the court in an Oct. 10 filing that they had seized a mobile phone while investigating alleged credit card fraud and, despite obtaining a search warrant, had been unable to bypass the phone’s password-protection. With the data otherwise inaccessible, federal prosecutors said the court could order the manufacturer to provide “reasonable technical assistance” in unlocking the device by relying on the All Writs Act.

- How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking (David Stockman’s Contra Corner):

If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the following…

- WTF Chart Of The Day: Centrally Planned Confidence Edition (ZeroHedge):

Because nothing says “spend on Black Friday” like a fractionally positive Dow Jones Industrial Average close in the green… unrigged

20141129_EOD8

WTF!!!

- About Those Eyeball-Based Valuations: “Half Of Twitter Accounts Created In 2013 Have Already Been Deleted”(ZeroHedge):

Still paying a #Div/0 valuation for Facebook or Twitter based on expectations of exponential growth in eyeballs, or rather “eyeballs“? Then perhaps read this first. “.. many of the “users” on social media sites aren’t real people at all – they’re celebrity staff tweeting on behalf of their employer, or PRs promoting a company, or even fake accounts for people that don’t exist at all. In fact, half of all Twitter accounts created in 2013 have already been deleted.”

- Flood leaves Gaza in ruins, UN declares state of emergency (RT):

An estimated 100,000 homes have been destroyed or damaged as the streets of Gaza City. They were flooded with water and sewage after a week of torrential downpours, prompting the UN Palestinian refugee agency to declare a state of emergency in the area.

Forced out of their homes, thousands of Palestinians are now sleeping in classrooms and makeshift shelters after a massive weeklong storm ravaged the region, reports the Ma’an News Agency. This includes the nearly 30,000 who had been staying at emergency housing after Israel’s 51-day summer offensive.

 – The Price Of Oil Exposes The True State Of The Economy (The Automatic Earth):

We should be glad the price of oil has fallen the way it has (losing another 6% today as we write this). Not because it makes the gas in our cars a bit cheaper, that’s nothing compared to the other service the price slump provides. That is, it allows us to see how the economy is really doing, without the multilayered veil of propaganda, spin, fixed data and bailouts and handouts for the banking system.

- The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela (ZeroHedge):

What best shows that for Venezuela it is essentially game over, is that as the chart below shows, Venezuela’s international reserves declined $1.3 billion in the week after President Nicolas Maduro transfered $4 billion of Chinese loans to the central bank. In other words, the scrambling oil exporter was forced to burn one third of its Chinese bail-out loan to keep itself solvent. The country’s reserves dropped to $22.2 billion today, according to central bank data. As Bloomberg also notes, Maduro on Nov. 18 ordered the Chinese loan proceeds to be moved from an off-budget fund, so that they would show up in reserves and help boost investor confidence in an economy beset by the world’s highest inflation and widest budget deficit. The following day, Venezuelan bonds rose the most in six years in intraday trading. “If the plan was to calm the bondholders, then burning through a third of that money in five working days doesn’t do it in any way,” Henkel Garcia, director of Caracas-based consultancy Econometrica, said in a telephone interview.

- ‘Disturbing’: Arms firms dine at Tower of London days after ‘sea of poppies’ closed (RT):

The Tower of London hosted a networking dinner for global arms manufacturers, mere days after the extremely popular ‘sea of poppies’ remembrance installation closed. Tower managers have been accused of “crass insensitivity.”

The event, co-sponsored by Lockheed Martin – the world’s biggest defense firm – was billed as an “acclaimed and influential … chance to make new business connections” for senior defense manufacturers.

The guest of honor at the £240-per-head event was Chief of Defence Staff General Sir Nicholas Houghton.

- What Americans Celebrate On Thanksgiving Day — Paul Craig Roberts:

When Americans celebrate Thanksgiving, they don’t know what they are celebrating.

In American folklore, Thanksgiving is a holiday that originated in 1621 with the Pilgrims celebrating a good harvest. Some historians say that this event is poorly documented, and others believe that the Thanksgiving tradition travelled to the New World with the Pilgrims and Puritans who brought with them the English Days of Thanksgiving. Other historians think the Pilgrims associated their relief from hunger with their observance of the relief of the siege of Leiden.

The Pilgrims’ Thanksgiving, if it happened, might not have been the first in the New World. Historians say the Virginia colonial charter declared a Day of Thanksgiving in 1619, and other historians say the first Thanksgiving was observed by the Spanish in Florida in 1565.

- ‘Disturbing’: Arms firms dine at Tower of London days after ‘sea of poppies’ closed (RT):

The Tower of London hosted a networking dinner for global arms manufacturers, mere days after the extremely popular ‘sea of poppies’ remembrance installation closed. Tower managers have been accused of “crass insensitivity.”

The event, co-sponsored by Lockheed Martin – the world’s biggest defense firm – was billed as an “acclaimed and influential … chance to make new business connections” for senior defense manufacturers.

The guest of honor at the £240-per-head event was Chief of Defence Staff General Sir Nicholas Houghton.

- School Expels Child Over Vaccine That Even the Doctor Refuses to Give (The Daily Sheeple):

An 8 year-old Long Island girl has been kicked out of school, and the reason is outrageous.

Ceili McNicholas was told not to return to Long Island’s Laddie A. Decker Sound Beach School after her mother Jamie refused to let her receive the T-Dap booster, which protects against tetanus, diphtheria and pertussis.

The decision to skip the booster wasn’t solely Jamie’s idea – her daughter’s pediatrician won’t administer the shot because it is labeled for children ages 10 and over. Ceili is only 8.

- Fukushima Engineer: Officials covering up how badly groundwater is contaminated — Scientist: “We’re measuring higher levels off Japan” — Radiation near California already exceeds expectations, will be rising for years to come — TV: “Cleanup can’t be done… They lied from the start, Tepco is a den of inequity” (VIDEOS) (ENENews)

- Fracking toxins may be as dangerous as tobacco, asbestos & thalidomide – UK chief scientist (RT):

The effects of fracking could be as dangerous as asbestos, thalidomide, or tobacco toxins, the UK’s leading scientist has warned, claiming the government has adopted the process without considering the side effects.

In a flagship report produced by Professor Sir Mark Walport, the government’s chief advisor on science policy, it is warned that fracking could have serious negative impacts on health and the environment that could last for decades.

- Foreigners ‘like seeing our children die’, can’t help with Mid-East, says Erdogan (RT):

Muslim countries are able to solve their problems on their own, the Turkish president believes. He says far from offering help, the West is actually exploiting “conflicts in the Middle East” and only cares about the region’s riches.

Recep Tayyip Erdoğan has urged Islamic countries to unite in order to solve “the biggest humanitarian and political crisis in their history,” according to AFP, citing the Turkish president’s speech in Istanbul on Thursday.

The only condition to overcome the crisis in the Islamic world is unity, solidarity and alliance,” he said. “Believe me, we can resolve every problem as long as we are united.”

Erdogan says there is no use counting on help from the Western world.

I speak openly, foreigners love oil, gold, diamonds, and the cheap labor force of the Islamic world,” he said. “They like the conflicts, fights and quarrels of the Middle East. Believe me, they don’t like us.”

They look like friends, but they want us dead, they like seeing our children die,” the president went on.

- Switzerland Hands Out Iodine in Case of Nuclear Disaster (Blooomberg):

Switzerland is distributing iodide tablets to more than half the country’s population for use in the event of a nuclear disaster.

- Pennsylvania snowfall shatters 114-year-old records (Ice Age now):

Obliterates record for both the day and the month.

- Ice already forming on Great Lakes (Ice Age now):

Earliest in at least 40 years.

- Tamir Rice Video Shows Cop Opening Fire On 12-Year-Old (Huffington Post):

CLEVELAND (AP) — The police officer who fatally shot a 12-year-old boy carrying a pellet gun fired within 1½ to 2 seconds of pulling up in his cruiser, police said Wednesday. During those few moments, he ordered the youngster three times to put up his hands, they said.

The city released a surveillance video that shows the shooting of Tamir Rice, who was carrying an airsoft gun that shoots non-lethal plastic pellets.

Much of the footage shows what appears to be a bored kid alone in a park on an unseasonably warm November afternoon. Tamir is seen pacing, occasionally extending his right arm with what appears to be a gun in his hand, talking on a cellphone and sitting at a picnic table with his head resting on his arms.

The gun wasn’t real. It can be bought at sporting goods stores for less than $20. Tamir’s was lacking the bright orange tip that is usually put on such weapons to indicate they’re not real guns.

BS propaganda: Thanksgiving attack: Syrian hackers strike U.S. media websites (Examiner):

American,Canadian and European news organizations claimed on Thanksgiving Day that their websites were hacked by a group identifying themselves as the Syrian Electronic Army (SEA), a cyber-terrorist group that is allied with Syria’s Assad regime.

 – Half-blind UK widow commits suicide after incapacity benefit cut (RT):

A partially-blind widow, who suffered crippling back pain for over a decade, committed suicide after her incapacity benefit was cut because state assessors claimed she was fit to work.

- As Japanese Bankruptcies Soar, Goldman Warns “Further Yen Depreciation Could Be A Net Burden” (ZeroHedge):

It is no secret that one of the primary drivers of relentless S&P 500 levitation over the past two years, ever since the start of Japan’s mammoth QE, has been the use of the Yen as the carry currency of choice (once again as during the credit bubble of the early-2000s), whose shorting has directly resulted in E-mini levitation. One look at the intraday chart of any JPY pair and the S&P500 is largely sufficient to confirm this. Those days, however, may be coming to an end, at least according to Goldman which overnight released a note saying that the Yen is “Almost at breakeven: Further yen depreciation could be a net burden.”

- Activists advocate criminal charges for child porn possession (RT)

And if you remember what Barrie Trower said, then you know that it is our governments who will upload child porn onto our computers if “need be”:

- Former Royal Navy Microwave Weapons Expert And UK Intelligence Services Agent Dr. Barrie Trower: Dangers And Lethality Of Microwave Technology (Video – 2:19:36)

- Former Royal Navy Microwave Weapons Expert: NWO TECHNOLOGY UPDATE – Deadly Mobile Phones & The Worst Genocide Ever Committed – The Dangers Of Wi-Fi To Women And Children (Video)

- A Thanksgiving Message (Liberty Blitzkrieg):

I ended the 2012 piece with the following quote, which I want to share again today.

“Live your life that the fear of death can never enter your heart.
Trouble no one about his religion.
Respect others in their views and demand that they respect yours.
Love your life, perfect your life, beautify all things in your life.
Seek to make your life long and of service to your people.
Prepare a noble death song for the day when you go over the great divide.
Always give a word or sign of salute when meeting or passing a friend,
or even a stranger, if in a lonely place.
Show respect to all people, but grovel to none.
When you rise in the morning, give thanks for the light,
for your life, for your strength.
Give thanks for your food and for the joy of living.
If you see no reason to give thanks, the fault lies in yourself.
Abuse no one and no thing, for abuse turns the wise ones to fools
and robs the spirit of its vision.
When your time comes to die,
be not like those whose hearts are filled with fear of death,
so that when their time comes they weep and pray for a little more time
to live their lives over again in a different way.
Sing your death song, and die like a hero going home.”

– Tecumseh
(1768-1813) Shawnee Chief

Who’s Making Money Off The War On Drugs?

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Nov 17

- The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed (ZeroHedge, Nov 16, 2014):

Following the stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank, a year later the Bundesbank followed up with a just as stunning revelation that of the 84 tons the bank was supposed to bring back home, it had managed to obtain just a paltry 37 tons, with only 5 tons originating from the NY Fed.

The reason given for this disappointing amount was as follows: Continue reading »

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Nov 15

- Swiss National Bank Admits Directly Buying Small-Cap Stocks (ZeroHedge, Nov 14,  2014):

While we have noted previously that a cluster of central banking investors has become major players on world equity markets,” and the BoJ has recently tripled its direct manipulative buying of stocks (after buying a record amount in August)… the conspiracy-theorist-dismissers will have to close their eyes and ears as the Swiss National Bank admits in its 2013 annual report that it greatly expanded its share of foreign stocks purchased… most notably small-cap companies.

Maybe it is time to reign in the SNB with the Gold Initiative?

SNB

h/t @Gloeschi

*  *  *

So does anyone still think the Fed does not do this?

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Nov 15

Switzerland’s Role in the Gold Market

- Deutsche Bank Says “Yes” Vote Has “Narrow But Clear Lead” In Swiss Gold Referendum As 1M GOFO Hits Most Negative Since 2001 (ZeroHedge, Nov 14,  2014):

As we explained over the weekend, should the Swiss gold referendum pass successfully, the price of gold will surge. It was none other than JPM who warned that the “markets under appreciate this event”, explaing that “If the referendum is passed, the Swiss National Bank (SNB) will be forced to increase reserves by around 1,500 tonnes over five years, i.e. 300 tonnes per year. This 300 tonnes per year accounts for 7.5% of annual gold demand of 4,000 tonnes per year.

Well, even as the SNB has been scrambling to make the referendum seem like a non-event, with very little chance of passing, moments ago Deutsche Bank released a piece that roundly refuted everything the Swiss Central Bank has been peddling. To wit, here is a note just out from DB’s Robin Winkler: Continue reading »

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Nov 10

Switzerland’s Role in the Gold Market

- What The Swiss Gold Referendum Means For Gold Demand (ZeroHedge, Nov 9, 2014):

The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war – between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People’s Party (SVP) on the other – has begun and we expect it to escalate as the day draws ever nearer. Having already questioned the ‘location, location, location’ of Switzerland’s current gold stash, and examined the initiative in great depth here, JPMorgan notes that not only might the forthcoming Swiss gold referendum stabilize gold prices at a time when Gold ETF demand continues to decline, but warns, it also appears that markets under-appreciate this event.

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Nov 04

- Where Is Swiss Gold? – Location, Location, Location (ZeroHedge, Nov 3, 2014):

With the Swiss gold stored at the Bank of Canada, now having been transferred out of the Bank of Canada’s Ottawa vault to an unknown location, the Swiss public would be wise to question the SNB on this move. The Swiss gold stored at the Bank of England in London seemingly being ‘actively managed’ one of the world’s largest centres for unallocated gold trading, the Swiss public would also be wise to enquire on this issue. And with significant historical quantities of Swiss gold that were stored with the US Federal Reserve Bank in New York no longer there after the SNB seemingly brought their US vaulted gold holdings to zero, the Swiss public need to question why these particular holdings were targeted for sales from 2000-2005 and not domestically held gold.

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Oct 30

- Things That Make You Go Hmmm… (Mauldin Economics, Oct 27, 2014):

About 18 months ago, I had a very pleasant chat with a gentleman by the name of Luzi Stamm.

You may detect some measure of surprise in my words, and the reason for that is quite simple: Luzi Stamm is a politician; and, as regular readers will know, I am no fan of that particular class.

But Herr Stamm was different.

An MP representing the Swiss People’s Party, Stamm was spearheading a federal popular initiative which needed 100,000 signatures in order to comply with the Swiss parliamentary system’s rigid framework regarding referendums. (OK all you “referenda” people out there, I know, OK? But I’m going with “referendums,” so pipe down). Continue reading »

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Oct 27

- Up to 80cm of snow this week in Switzerland (Ice Age Now, Oct 26, 2014):

80 cm is 31½ inches – That’s thigh-deep.


The snow fell down to 1000m (which is close to the valley floor in many Swiss regions), but due to the early time of the season, the warmth of the ground means that melting from below took place up to 2000m.

  • Urner Alpen, Glarner Alpen and Nordbunden: 60 to 80 cm
  • remainder of the northern Alps from the Berner Oberland to Liechtenstein, Mittelbunden and the Lower Engadin valley: 30 to 60 cm
  • other regions up to 30 cm, but the extreme south remains precipitation free

After the snowfall ended, freezing levels rose to 3400m, which means that this snowfall, as is normal in late October, will mostly melt way, with only the higher deposits benefitting from freeze-thaw cycles to create a permanent snowbase. Continue reading »

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