MUST READ ARTICLE: US MARKET IS a Bubble THANKS TO MASSIVE DEBT!

Guys I found that the stock market is a MASSIVE BUBBLe thanks to
1) international capital flows
2) bizarre low interest rates
3) AMAZING  MARGIN DEBT = 2,5% US GDP!!

READ THIS PART of the article:


Narrowing our focus to the present advance, what concerns us isn’t simply the parabolic advance featuring increasingly immediate impulses to buy every dip – which is how we characterize the psychology behind log-periodic bubbles (described by Didier Sornette in Why Markets Crash). [b][i]It’s that this parabola is attended by so many additional and historically regular hallmarks of late-phase speculative advances. Aside from strenuously overvalued, overbought, overbullish, rising-yield conditions, speculators are using record amounts of borrowed money to speculate in equities, with NYSE margin debt now close to 2.5% of GDP. This is a level seen only twice in history, briefly at the 2000 and 2007 market peaks. Margin debt is now at an amount equal to 26% of all commercial and industrial loans in the U.S. banking system. Meanwhile, we are again hearing chatter that the Federal Reserve has placed a “put option” or a “floor” under the stock market. As I observed at the 2007 peak, before the market plunged 55%, “Speculators hoping for a ‘Bernanke put’ to save their assets are likely to discover – too late – that the strike price is way out of the money.”[/i][/b]

EPIC ARTICLE!

A MUST READ!!!

MORE:
http://www.hussmanfunds.com/wmc/wmc131223.htm


My outlook is that precious METALS have found NO BOTTOM YET. They need to test lower levels . This is what the monthly charts are screaming. I may be wrong, but I believe it could keep going down.

But you need to cover your tangible basis. DON´T Be STUPID: don´t go full "virtual coin". NSA will use your password and a "cyber flag event" WILL TAKE YOUR wealth . Or "ANonymous hackers" .
keep a part of your wealth  in tangible  , and away from governments.

if  silver prices go lower, then remember now is dirty cheap and miners are in big trouble.
Wait to see if the 1180$ support works well between now and march.

Bitcoin: the governments want it to expand and succeed?

Guys. I believe elitists want Bitcoin project to succeed. They want the people to go "virtual".
They want a global currency and a virtual currency.
read how they are observing the "promise" this is for a NEW WORLD monetary ORDER.


Federal Reserve economist says bitcoin is a remarkable technical achievement

http://www.coindesk.com/federal-reserve-economist-says-bitcoin-is-a-remarkable-conceptual-and-technical-achievement/


BERNANKE: Bitcoin 'May Hold Long-Term Promise'

[link to www.businessinsider.com] 


can you read through their lips? it really looks like they are getting excited.

Greedy third world politicians get orgasmic with the idea of virtual currencies since it means no black economy no underground economy and automatic taxation ( confiscation too , in bad hands, or bad government)

UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins

http://www.zerohedge.com/news/2013-12-01/uk-royal-mint-working-plans-issue-gold-backed-physical-bitcoins


enough said. IMF would love the Bancor /SDR rule the world....

Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing

http://theeconomiccollapseblog.com/archives/bancor-the-name-of-the-global-currency-a-shocking-imf-report-urges-the-world-to-adopt


they really would love virtual currencies. You can read their "excitement" on the news.

got bitcoin?

me, I would stay phyz for the long term.

Are these Venezuela's gold bars? Probably not. But if you search Bloomberg's photo library for "gold bars" you get 24 pages of results. I don't know what to make of that. Source: World Gold Council via Bloomberg News.

What Is Goldman Sachs Doing With Venezuela's Gold?

By Matt Levine Nov 25, 2013 2:09 PM GMT-0300

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A while back Greece had a problem. The problem was that it wanted to borrow more money, but didn't want to increase its debt. (Because the European Union would frown on it having more debt.) So it went to Goldman Sachs, and Goldman told Greece, well, what you can do is borrow some money from us, but we won't call it debt, because something something something something swaps.

This worked pretty well for everyone, for a while: Greece got the money, but nobody outside the deal understood that it had borrowed the money, because it was part of a derivative trade that was not accounted for as debt. Then it stopped working, and everyone got mad at Greece for disguising its debt, and at Goldman for helping Greece disguise its debt and charging rather
more:

source:

http://www.bloomberg.com/news/2013-11-25/what-is-goldman-sachs-doing-with-venezuela-s-gold-.html

Jim Rogers: "Own Gold" Because "One Day, Markets Will Stop Playing This Game"

Jim Rogers hope-driven wish is that the politicians were smart enough at some point to say (to the central bankers), "we've got to stop this, this is going to be bad." He adds, on the incoming QEeen, "she’s not going to stop it, first of all she doesn't believe in stopping it, she thinks printing money is good." However, Rogers warns in this excellent interview with Birch Gold, "eventually the markets will just say, "We're not going to play this game anymore", and we'll have a serious collapse." The world is blinded by central bank liquidity, and as Rogers somewhat mockingly notes "if everybody says the sky is blue, I urge you to look out the window and see if it's blue because I have found that most people won't even bother to look out the window..." Rogers concludes, "everybody should own some precious metals as an insurance policy," because as he ominously warns, when 'it' collapses, "there will be big change.



Transcript (via Birch Gold Group) 
Rachel Mills, Birch Gold Group (BGG): This is Rachel Mills for Birch Gold, and I am very pleased to be joined today by Jim Rogers, legendary investor. Thank you so much Jim for joining me.
Jim Rogers: I am delighted to be here Rachel.
BGG: So today I wanted to talk a little about stock market highs and Quantitative Easing and inflation and a little bit of Federal Reserve and when is the taper is going to happen and currency wars. But there is one question that I don’t have to ask you, which you get asked a lot, I know, and that is what your secret to being so prescient in the marketplace?

“…if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window…”

JR: As far as I know, I’m not quite sure. I do know that I have learned over the years, always, when nearly everybody is thinking the same way that means somebody’s not thinking that means we got to start thinking about it and see if there’s not another way, another approach. Because if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window. If they see on the television or in the newspaper or something that everybody says the sky is blue, I at least urge them to look out the window. I find that most people don’t want to do their homework, that’s the first problem that many people have, is just doing simple homework.

“…no matter what we all know today, it’s not going to be true in 10 or 15 years…”

Second, I have learned that if everybody says the sky is blue and I go and look out the window and see that it is blue, I have also learned that, well wait a minute, if everybody knows the sky is blue, is that going to change? Now that everybody knows something, is it time to start thinking about “Well maybe tomorrow the sky will not be blue?” And again, most people say “Well everybody knows the sky is blue and that’s all we need to know.” No, it’s not all you need to know because another thing I have learned in my life is that no matter what we all know today, it’s not going to be true in 10 or 15 years. You pick any year in history and go back and then look to see what everybody thought was true in that year, 15 years later the world had changed enormously. Enormously. And yet in that particular year everybody was convinced that this is the way the world was. Pick 1900, 1930, 1950, any year you want to pick, and you will see that 15 years later, the world was totally, totally different from what everybody thought it was at that time.
So I have learned, for whatever reason, to know that change is coming, to know to think against the crowd, that the crowd is nearly always wrong and to try to think for myself. Now, I certainly make plenty of mistakes and have made plenty of mistakes in my life, but these are some of the things that I have learned, to try to think around the corner, try to think to the future if you want to be successful.
BGG: Yeah that’s right. And I read somewhere, tell me if this is true, that you were shorting real estate in 2006?
JR: Yes, yes, 2006, 2007, 2008. Yes, yes. I was short Fannie Mae, I was short all of the investment banks. I was short all the banks.
BGG: And I bet, were people rolling their eyes at you, were they laughing at you?

Photo: www.telegraph.co.uk

JR: Oh very much so. I went on television quite a lot in those days saying it’s crazy. And I was on CNBC and I explained that I was short Fannie Mae and had been short Fannie Mae and Fannie Mae finally started to collapse. And the lady said to me, “Well it’s your fault that Fannie Mae is going down, it’s the short sellers that are causing problems with Fannie Mae.” And I explained to her, “Listen lady, if you really think that short sellers are making Fannie Mae collapse, you better get another job, because that’s not the way the world works.” Short sellers do not make Fannie Mae go from $70 to $0, I assure you, the only thing that can make that happen is serious fundamental problems. So yes, everybody knew I was nuts back in those days!
And then, they started blaming it on me and on the short sellers, all of the problems. Nobody likes to take responsibility for their mistakes, certainly not politicians, but it was clear that first they laugh at you, then they ridicule you and say it’s your fault and blame it on you. Eventually they all say, “Oh, well we knew that. We thought of it ourselves! We knew that Fannie Mae was a fraud.” But that’s a difficult and sometimes painful process.
BGG: Sounds like they were attributing more power to you than you actually have!
JR: It’d be wonderful if all I had to do was sell something short and it would go down. Unfortunately it usually goes up when I sell it short, my timing is usually pretty wrong.
BGG: I want to talk a little bit about currencies. It seems that all the major countries in the world are in this race to the bottom to devalue their currency relative to all the others to appease their export industry. Meanwhile, workers and savers are getting killed by the cost of living increases that this is causing. Do you have any observations or predictions about how this currency war is going to end, or can it continue somehow indefinitely? And who wins in a currency race to the bottom?

“Eventually the markets will just say, ‘We’re not going to play this game anymore’, and we’ll have a serious collapse.”

JR: Well, the first thing you need to know is that nobody ever wins a trade war, a currency war, which is just another kind of trade war. Everybody loses in the end, some may temporarily come out ahead but it’s temporary if nothing else. As you have pointed out, the cost of living of many people is going up, and it certainly is, my gosh, in Japan you have a currency that’s down 25% in a year. Well I assure you the Japanese are feeling that because everything that Japan imports has gone up fairly substantially AND even the things that they don’t import are up because the Japanese manufacturers and the Japanese producers can raise prices because they don’t have to worry about competing with the foreigners any more.

“We’ve got to stop this, this is going to be bad.”

So we’re all losing in currency wars. How long can it go on? Well, it can go on as long as politicians can continue to print money. The problem is, of course, eventually the markets will just say, “We’re not going to play this game anymore” and we’ll have a serious collapse. You and I can print money all day long, but at some point, you, I and everybody else is going to say, “Wait a minute, guys, this money is getting worse and worse and more and more worthless, so why don’t we stop playing this game?” I wish the politicians were smart enough at some point to say, “We’ve got to stop this, this is going to be bad.”
But unfortunately they never have, and probably never will. Mr. Bernanke is certainly not going to stop it, because he doesn’t want to go down in history as causing the collapse. Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over.

“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”

BGG: Wow, that’s a painful scenario actually. Do you think there is any chance that Larry Summers would have stopped Quantitative Easing at all?
JR: Well, first of all it’s irrelevant because he’s not going to be Federal Reserve Chairman. Second, even if he started, you know, if somebody came in and said, “Okay, we’ve got a terrible problem, we’ve made horrible mistakes, now let’s change things.” And even if everybody in the world said, “You know, he’s right, we’ve got to do something” and they started, well, within a few months or a year or two, the pain would be pretty horrible and then everybody’s going to say, “Well we didn’t know the pain was going to be this bad, this is not what we signed up for.” And then the guy would either be thrown out or assassinated or who knows what!
BGG: Oh yeah, they would blame everything on whoever stopped the party.
JR: Yeah. At first they say “It’s fine, we want to do it”, but once the pain comes, the pain is going to get pretty serious. We had Mr. Volcker who came in, was told “stop the madness” back in the 1970s and he did. Well, Jimmy Carter got thrown out, because he was who had told him to do that, because the pain was so bad. Reagan of course thought it was wonderful, that pain was taking place because that got him elected. And it was help to clean up the problems. That’s what happens, you cause the pain and they throw you out.
BGG: So, you don’t think there is any way they’re gonna make good on their threats or promises to taper?

Photo: www.jimrogersinvestments.com

JR: They might, no I don’t. They might start, as I said, somewhere along the line they’re going to start doing it. But when the pain gets pretty serious, the lady or the person or whoever it is, is going to have real problems. Let’s say that in 2015, Yellen says, “We’ve got to stop this” and they start stopping it, well, at that point it’s going to be pretty serious for the parties in power and they’re going to get thrown out and the next guys will continue to taper because, as I’ve said, they got power because of the tapering and the problems, and they’ll clean up the problems.
But that’s the only way that you’re going to see it stop someday. The market is just going to say, “We don’t want to play.” That’s what happened with Jimmy Carter when he was in, everything was collapsing: bond yields were falling apart, you know, inflation was everywhere. “Thank you Mr. Carter, we don’t want to play this game anymore. It’s absurd.”
BGG: What tip-offs are you looking for for where the top of the market is and when would you start to see the collapse coming? Are there signs that you’re looking for?
JR: Well, I wish I was that smart or it was that easy. Back in the late 1970s, Mr. Volcker was told and he came in and said: “I am going to kill inflation because Mr. Carter has told me to.” And Mr. Carter was very clear that he had to stop inflation. I doubt if we’ll have that kind of scenario again but we would think, we would hope, that the Federal Reserve will announce, you know, that they publish their numbers so we can all see what’s happening. At the moment they are buying a trillion dollars a year – that’s a trillion with a “T” – of assets. Eventually we will see that they stop that if they do or slow it down.
What will probably happen is that they will slow it down at first to see what happens, and if things aren’t too bad at first – and they probably won’t be too bad at first – well what is likely to happen is they will slow it down, things will drop, and then they will rally and the Federal Reserve will say “Hey, this is not so bad, we can do it.” And they’ll cut some more. Things will drop again and then rally, because it will take a while for people to really believe how bad it can get, or will get. And so eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever … will continue because they like it, they got the job because of the collapse and then we’ll finally start over. But it may be really painful in the meantime.

“I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy.”

BGG: Sure. And when we do begin the process of starting over, whenever that happens, it will be really good to have something substantial, something real, something other than paper in your portfolio. And that’s what Birch Gold is trying to help people figuring out how to do. So, we’ve always said that precious metals are a type of insurance for the long term. I read in your interview in Barrons that you are holding gold right now and expecting maybe a buying opportunity to come up. Do you still feel that way?
JR: Yes, I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy. I hope that my daughters own my gold someday, I mean I owned gold, I’ve never sold any gold and if gold comes down and I expect it to go down, doesn’t mean it will, I’ll buy more. I’m certainly not going to sell.

“Everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something.”

BGG: Right. So what advice would you give someone who as of yet has no precious metals in their portfolio right now?
JR: Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.
First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”
BGG: Yeah. How do you feel about silver? Do you favor silver over gold? How do you feel?
JR: Well, silver is historically down 60% from its all-time highs, so yes, I would prefer silver at the moment because gold is down only what, 30 or 40% from its all-time highs.
BGG: Well, thank you so much for talking with me today. I think we will leave it there. Thank you so much, Jim Rogers.
JR: Thank you Rachel, anytime. Let’s do it again.
BGG: I would love to.
JR: Bye bye.
BGG : Bye, thank you!

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http://www.zerohedge.com/news/2013-11-19/jim-rogers-own-gold-because-one-day-markets-will-stop-playing-game

Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing

A banker named Andrew Huszar that helped manage the Federal Reserve’s quantitative easing program during 2009 and 2010 is publicly apologizing for what he has done.  He says that quantitative easing has accomplished next to nothing for the average person on the street.  Instead, he says that it has been “the greatest backdoor Wall Street bailout of all time.”  And of course the cold, hard economic numbers support what Huszar is saying.  The percentage of working age Americans with a jobhas not improved at all during the quantitative easing era, and median household income has actually steadily declined during that time frame.  Meanwhile, U.S. stock prices have doubled overall, and the stock prices of the big Wall Street banks have tripled.  So who benefits from quantitative easing?  It doesn’t take a genius to figure it out, and now Andrew Huszar is blowing the whistle on the whole thing.

From 2009 to 2010, Huszar was responsible for managing the Fed’s purchase of approximately $1.25 trillion worth of mortgage-backed securities.  At the time, he thought that it was a dream job, but now he isapologizing to the rest of the country for what happened…

Read more at http://investmentwatchblog.com/federal-reserve-whistleblower-tells-america-the-real-reason-for-quantitative-easing/#Mz55Qv2lduRojcfv.99

Silver Could be Explosive! Vanessa Collette interviews Bill Murphy at the 11th Annual Silver Summit

2 very "interesting" people. Bill Murphy  (interesting gold guy) and Vanessa Collete (very interesting...interviewer!)

check the inteview, silvertards:

strongman out:

Silver Could be Explosive! Vanessa Collette interviews Bill Murphy at the 11th Annual Silver Summit

Bill Murphy

 |

October 30, 2013 - 7:51pm

   

By: Vanessa Collette, GoldSeek.com TV

Taped on-location in Spokane, Washington at the 2013 Silver Summit (October 25, 2013)

15 years of facts add up to same thing: gold manipulation!

Bill Murphy, chairman of the Gold Anti-Trust Action Committee, sits down for a powerful one-on-one with Cambridge House Live's Vanessa Collette at Silver Summit 2013 in Spokane, Washington. She presses hard for examples of gold manipulation and he lays out credible evidence any investor would be interested in knowing about.

Vanessa Collette: Welcome to Cambridge House Live. I’m here at the 11^th Annual Silver Summit in Spokane, Washington. I’m here with Bill Murphy, Chairman of the Gold Anti Trust Action Committee and a financial commentator on LeMetropoleCafé.com – welcome David, great to have you here with us again.

Bill Murphy: Good to see you again.

VC: Bill, what’s happening with the gold price today?

BM: Well today it’s flat and of course one of the things that GATA always gets into – we talk about the gold cartel – they never allow any action on the upside. You have a big day – next day nothing... Big day- next day nothing [laughs], another big day – especially in the past week, nothing. And this is what they do – they don’t allow any excitement and today’s just typical of the way they operate. Once you have a really good day, and people are really looking to go, they never allow it to go like any other market, to keep going. So today is a perfect example [referring to October 25, 2013].

VC:  And why is that? Why are they controlling it so tightly?

BM: Well basically, as I mentioned, it’s really to keep excitement from building in the market. And a good way to follow it is the more bullish the news a lot of times in the gold market, you’ll see it maybe go up for a little bit.. and then it tanks. They have certain ways that they attack the market, whether it’s these flash crash attacks that have been happening, you know, for the last 6 months and so on, and certain things that we follow on my website, and just document how they operate, and manipulate the market.

VC: So you mentioned the ‘flash crashes’, what are some of the other ways that they intervene with the gold price?

BM: Well, one of the times that many people remember was in mid-April last year, when 100 tons hit the market in 10 minutes, but no one was around, and then on a Friday afternoon, another 100 tons hit the market or something like that, I think it was a total of over 200 tons, in a matter of minutes. And the gold price just COLLAPSED, it was what I call, a terrorist attack, it was the same thing, it had the same effect, no other market trades like this, nobody ever seems to explain, how come it’s gold and silver that trades like this on the downside, where you can document it, what’s happened. What we don’t understand is why the CFTC doesn’t just do time and sales and say who did the trades? And is this a pattern? IS it a concentrated attack, is it against the law, it’s not Einstein stuff, all they have to do is check the records.

VC: Now Bill, every time the price moves up and down, do you always attribute it to manipulation? Or how do we know when there’s actually natural price movements’ happening?

BM: Well that’s a good question, because a lot of people might say, well every time it goes down, it’s the gold cartel, and when it goes up, it’s not – and that’s a fair thing to say. [laughs] But the irony is, a lot of times, because gold is probably priced at half of what it should be, a lot of the time it’s their instigation. For example they’ll stop it at 3 AM New York time. They’ve done that oh – 10 out of 12 days in a recent during period, where they would start it down. Or what happens is – they’ll hit the markets, and then they get everyone else to sell, and maybe they can cover. So they’re there and we document all the time, a great deal of it. Of course it’s not always them, but they do more than their share of stopping the market and that’s why gold is so undervalued today.

VC: I’ve seen you say many times that ‘no market operates like this.’ Can you clarify what you mean by that?

BM: Yes, what other market trades like gold has – whether It’s no follow through, whether it’s flash crash attacks, whether it’s counter intuitive. Perfect example is, the quantitative easing we’ve had in the past year. All other markets did what you’d expect – the stock market went up, the oil price went up, the euro went up, Japan did quantitative easing last year, their currency collapsed. But gold and silver instead of going up since last early October, about a year ago, instead of going up like everything else, the Dow goes up every day like this, the NASDAQ keeps going up and up and up – gold and silver [makes thumbs downward motion with hands] it’s so counter –intuitive. Why don’t people just use common sense? And say, look, there’s a dichotomy here – what’s going on? GATA explains it, that’s what we do.

VC:  Now Bill, you’ve mentioned that the gold cabal, according to you, is running out of physical supply to distort the market. Why do you think that and what will happen if they do run out of gold supplies – what will it mean for precious metals?

DM: Well, as far as we’re concerned that’s the key to the market. You know, they can’t just attack it in the paper market, and the futures market, they’ve got to use physical gold, physical silver to meet demand. Every day there’s a PM fix in London which 90% of the business is priced on a daily basis – so it’s not phantom, just paper trades, they have to use supply and we believe – whether it’s gold for example, people are having a hard time explaining China almost taking up all of the gold supply produced over a year period – why isn’t the price going way up, why is it getting killed? Well, we believe it’s coming from Central Banks, surreptitiously hitting the market, to get the price down. And at some point they’re just going to run out of it, all they can do to keep it there. It happened in 2001 when the price was at $300. GATA determined that they were using Central Bank Gold, which was not being disclosed, and they wouldn’t be able to keep it down there, there was too much demand, that’s what is going to happen again here, and we think it’s going to set off much higher prices over the next year, next month’s even.

VC: So you are extremely bullish right now – on the coming price movement in gold that you see happening.

BM: I think so, you know were at the Silver Summit, and I think the same thing is true in Silver – I think that they borrowed supply from the future. Last year for example, there was all kind of premiums, and nobody could explain it. I mean it looked like the market at $32 was going to take off, and everyone was reporting the same thing. I have a theory that – it’s just a theory- that [JP] Morgan went out and tied up all the supply, created the premiums, and then we heavily short by buying puts in the futures market, loaded up on the shorts side this year, beginning of this year, dropped the price from $35 to $32 and then went down to $18. I think that supply has been used up. And it’s just a guess but I think that the real surprise this year is that gold and silver, and especially silver, explodes out of nowhere.

VC: Speaking of Silver, the CFTC just closed a long drawn out investigation into silver. What happened there?

BM: Well, from GATA’s standpoint, we’ve been citing JP Morgan for years as the major culprit, everyone knows that they’d been the major short, and there was evidence provided against them to the CFTC and what they were doing in advance. Basically, the long story short, JP Morgan, the justice department is investigating JP Morgan in six different areas. Now, all of a sudden they stop the silver investigation – so almost the only thing they are not going after Morgan for is SILVER. What we think happened is that they did the investigation and they found out that one of the people behind it is the US government – it’s their own boss. So what are you going to do? An in terms of the exchange stabilization fund is allowed to do this and work in secret and only report to the Treasury and to the President on what they are doing, Now this is on the Treasury website, GATA is not making this up, they can do it in secret, and we believe that is what they have been doing, in conjunction with Morgan and some other people, and that’s what the investigation showed. Now what are you going to do? Go after your own boss? [laughs]

VC: So you think that they missed anything?

BM: No I think that they just found out that it was the US government and they just said, that they’re allowed to do this in secret, as per the exchange stabilization fund, which is stated on their own website, and so, what are they going to do?

VC: Bill, is there anything that could convince you that there wasn’t any manipulation or intervention happening in the precious metals prices? I know a lot of people have maybe attempted to convince you.

BM: Well, we’ve been doing it for 15 years, and as my colleague Chris Powell says, we are a fact finding organization. We’ve put 15 years’ worth of facts that all add up to the same thing. And even if people don’t want to believe GATA, I mean we are going up against the richest, most powerful people in the world. We know what we’re up against. It all comes down to the same thing – just common sense of what gold and silver have been doing this year compared to all other markets. And if you just did that you would think – something is not right here. And GATA has identified what’s not right.

VC: So Bill, what do you think the real price of gold and silver should be, today?

BM: Well it’s interesting, a couple of years ago, you heard a lot of people saying that if gold had kept up with inflation, it would have been $2,500/oz. That was a couple of years ago, for some reason nobody is talking about that anymore. But basically it suggests that gold is at about half of where it should be today, if it just had kept up with inflation. Not taking into account all of the quantitative easing and everything else that’s going on.

VC: So do you have a specific number in mind?

BM: Yeah, it would be about $2,500-2,600 right now. Now Silver, was up to $50 just a couple of years ago, and there was a lot of conjecture why it got there. I’m a big fan of Eric Sprotts, and Eric thinks that silver is going to $100, at least. And I think Eric’s going to be right in the next year or too.

VC: When I interviewed him recently, he said $2,400 gold by next year.

BM: Go Eric!

VC: Now, do you see many people coming around to your perspective? How hard is it for you to convince people?

BC. Well, it was like pulling teeth, and now it’s like pulling less teeth. But with all that’s happened, especially with these flash crash, waterfall attacks, more people are starting to come around our way. You’re seeing a lot more talk about it, at least on the internet. The mainstream media still won’t allow GATA to be mentioned although Bernie Lowe was gracious and had Chris Powell on over in Hong Kong, Bernie is a great guy. But basically the truth is not allowed to be told, and that’s really scary. Even if you disagree with GATA, we’ve earned the right with all we’ve done and all of the conferences we’ve had, to be heard. And certainly the people who have spoken at our conferences are some of the biggest names in the business and some of the classiest people.

VC: Just allow the dialogue to occur.

BM: Allow the dialogue- just like this!

VC: Now Bill, you think the cabal is going after long term metal holders now, what is the strategy there?

BM: Well, what we can say is the fact that gold, as a result of their attacks, and collapsing $500, big investors, pensions funds, and so on, people that have been investing in the gold ETFs, have all been selling and dumping it like 6-700 tons of gold. Well the bad guys, as we would call them, knew exactly what they were doing, as the price cratered down. Now why? Because it’s especially tough now because money managers have to compete against rising stock markets, other investments that are all doing well – gold and silver are getting killed so their relative performance stinks! So because they all work in synch on things, they are being forced to sell, and that’s exactly that the gold cartel expected and we believe, and other people have talked about this, gold is being taken from them and put in the market place or being shipped over to Asia and elsewhere.

VC: Bill we have a question from one of our viewers, from Eddie Drysdale, he’s COMEX in danger of running out of inventory, and if it does, could we see a crash in the gold ETF?

BM: Well, the gold ETF is a bit different from the COMEX inventory. What we can say is that COMEX inventories have really been drawn down. And what we believe the key to gold taking off again is the physical market over-powering the ability of the gold cartel to do what they are doing. And I think with the negative interest rates we are seeing, with inventories disappearing, China taking up all the gold, they’re going to hit the wall sometime in the not too distant future, and that is what is going to fuel the price of gold higher, and silver could be explosive, because they’ve borrowed from future supply, used it, and it’s all of a sudden not going to be there.

VC:  Bill Murphy, live at the Silver Summit. Silver could be explosive, it was great having you here with us today, and we look forward to having you back again soon.

BM: Vanessa, it’s my pleasure, thank you, it was great.

source: http://www.silverseek.com/commentary/silver-could-be-explosive-vanessa-collette-interviews-bill-murphy-11th-annual-silver-summ

India forced to take its eyes off gold

Gold demand typically peaks around now as Indian consumers load up on gold ahead of Diwali.

In response, gold shares on average have gained 2 percent one week ahead of the holiday. But we aren't seeing that big move in gold this year. Shares of the metal are down 1.4 percent this week, ahead of Diwali, which is being celebrated Nov. 3. 

Analysts and gold gurus are predicting that demand in India will be weaker this year as consumers battle a slowing economy, rising inflation and a depreciating rupee.

(Read more: India's gold fever cools this Diwali)

"You can bet that with the current state of the economy, Indians will be buying less gold and looking for alternative gifting options this Diwali season," says Arvind Panagariya, professor of economics at Columbia University and India observer.

Play Video

No gold bump for Diwali?

CNBC's Seema Mody explains why gold's recent decline may have to do with India's rupee.

So if Indians aren't buying gold, what are they buying?

According to the local merchants in New Delhi and Mumbai—silver. It might not carry the same prestige and status, but it is cheaper and thus a good alternative. Silver shares trade at $22 an ounce, while gold shares are trading north of $1,300.

(Read more: Soaring India stocks have strategists on edge)

Merchants are seeing strong demand this season for silver coins, up about 10 percent to 15 percent year-over-year, according to BNP Paribas Securities in India.

BNP in India Executive Director Neil Nathwani said that with the economic slowdown, sales of dried fruits have surged.

"Some retailers of such products have seen sales grow by over 45 percent this year."

But silver and dried fruits won't be able to replace gold's important role in weddings, religious events and festivals.

That's why some experts say that regardless of economic conditions, India will always have a strong affinity for the yellow metal.

Somasundaram PR, managing director, India, for the World Gold Council, said that people there buy gold as a long-term investment to protect their wealth and that gold has social and emotional significance.

(Read more: Gartman still likes gold, despite bear market)

"Demand for gold, whether in the form of jewelry or investment [bars and coins], is predominantly retail—driven by millions of individuals across rural and urban India investing as part of their household savings ... not discretionary spending for consumption," PR said.

Demand just might not be as strong this holiday season.

—By CNBC's Seema Mody; Follow her on Twitter: 

@SeemaCNBC

http://www.cnbc.com/id/101163824

Dr Jim Willie backs my interview to KAREN HUDES: his sources said there is huge amounts of unlisted gold reserves!

My interview to WORLD BANK whistleblower Karen Hudes is all over the web.

When I thought I had too much information regarding this "urban myth" about gold reserves. Well...let me remember:

1) First time I heard about this was about the "Yamashita gold", mentioned by Benjamin Fulford ( ex Forbes editor for Asia) and David Wilcock ( NY best seller).
2) Then I read about it from a british lord talking about huge amounts of gold in the UK Parliament
3) Then a World Bank whistleblower , Karen Hudes.

and now....Dr. Jim Willie  ( PhD in Statistics and founder of www.goldenjackass.com), who according to "his sources" is backing Karen Hudes story about the existence of huge amounts of unlisted gold reserves.
Jim Willie is a well known voice in the gold market. He has thousands of subscribers from all over the world. Now coming from him, the game totally changes for me. I am starting to believe this might be real ,guys. At least , some of it. who knows really.
He calls one of his sources "The Voice".
He authorized me  to publish his email, and a copy of his latest newsletter which he had already published:

This is the email Jim Willie sent me :


"I have confirmed the huge hoard has been retrieved from the Yamashita Nest

    which will force the Global Paradigm Shift (already huge moves last spring 2012)

here is a story from my October Gold Report

/ jim

◄$$$ NOTE THE YAMASHITA STORY. KAREN HUDES CITED 170,000 TONS OF GOLD BULLION IN HAWAII. THIS STORY BEARS COMMENT. DEPLOYMENT OF GOLD CAN BE DONE FOR MANY PURPOSES, EVEN TO ALTER THE GEOPOLITICAL BALANCE OF POWER. HIGH VOLUME OF GOLD DOES NOT MEAN A LOWER FUTURE PRICE. THE WHITE DRAGON FAMILY GUTTED LONDON OF ITS GOLD IN A COMPLEX MANEUVER. THE GOLD COULD BE TAPPED TO FORM THE GOLD TRADE CENTRAL BANK CORE, AS THE BRICS NATIONS AND G-20 NATIONS FORM A NEW GLOBAL TRADE SETTLEMENT SYSTEM. $$$

Karen Hudes recently claimed that an abundance of gold exists. She claimed a bank in Hawaii has approximately 170,000 tons of gold bullion in storage, equal to nearly 68 years of world mine output. The hoard represents several centuries of ancient Chinese family wealth accumulation. See the YouTube video (CLICK HERE). Many naive observers believe the abundance of ancient gold will keep the gold price suppressed. Not at all, since it depends entirely how it is used. Sure, if dumped on the market, but the usage to date has been the opposite. A tremendous hoard of gold exists, recently brought to bear on geopolitics in the last two years. The large gold volumes do NOT translate into a burden of heavy sales and fast falling price. The Jackass has three sources that confirm the White Dragons have $100 trillion in gold bars. They are an extension of a large group of ancient Chinese families. They have awakened, or else the great plan has turned a page that permits China to take its place in the next generation. Their gold hoard is enough to fill five football fields of pallettes at chest high. It is called the Yamashita Gold.

The White Dragon gold was stolen by Japan over many centuries from China in frequent raids, regional domination, even streaks of genocide. The gold hoard was hidden in the Philippines during World War II. A rough number on the volume for WD gold is 20 times Fort Knox. The 8500 tons once in Fort Knox Kentucky has been vacated, a euphemism for pilfered by the gang led by Clinton, Rubin, and Papa Bush.  The Voice tipped the Jackass off in late 2011 that a powerful Eastern Entity finally had at its disposal tremendous wealth, but offered few details. He said they took $50 billion on loan in cash against the gold to fund a major geopolitical project that would change the global power structure. They went hunting for gold in London. From March to July 2012, they drained 5000 tons of London gold. Further details were not directly told, but inferred conclusions were confirmed in brief but clear terms. The Voice hinted that my conjecture was correct, on how the London criminal banks had taken the Chinese WD gold and improperly put it to use as collateral on failed FX trades using leverage. They illegally rehypothecated ancient Chinese gold. In turn, the WD families demanded the return of their improperly used gold bars, since the margin calls were huge. The London bankers could not simply supply cash to meet the margin calls, since the margin was posted using Allocated Gold on Account that did not belong to them. London bankers were caught red-handed. The margin call required the London banks to relinquish gold in replenished form, causing a major drain. In four short months, London shed 60% of what Fort Knox once held.

Therefore, conclude the $50 billion in loans off gold collateral did not harm the gold price, but rather push the London bankers to the cliff's edge. Its deployment gutted London and weakened the US-UK Axis of Fascism. It started the process of gold heading East, which today continues as the Shanghai gold arbitrage. Reports indicate from Hudes that the White Dragon gold is being stored in Hawaii. My guess is Hawaii will not remain in the US union for many more years, nor will Alaska. As footnote, listen to the facts shared by Hudes, but give little weight to her assessment of a what constitutes a great investment. One is left to wonder if she works to keep her life free from attack by making silly conclusions like Gold is not good investment. As with Greenspan, listen to the topics and gather the information, but ignore the conclusions.

Some analysts have made the critical error of jumping to the conclusion that gold is at risk. In reality, the USDollar is at extreme risk from severe debasement via QE run by the USFed. A sudden overnight USDollar devaluation could result in an overnight 100% rise in the Price of Gold. The owners of the enormous gold hoard are making demands, like the New Global Lords. More likely, the emergence of the Gold Trade Standard will be created with several important devices and platforms. Imagine the Gold Trade Central Bank being set up using several thousand White Dragon tons of gold bullion. The WD officials might take USTBonds and force a debt default, then plow under the USGovt. The Jackass has a diametrically opposite viewpoint on the WD Gold. It will be used to kill the USDollar, to force a bust in the USTBond bubble, and to usher in the new age. They will ensure the new Price of Gold will be on the order of $7000 to $10,000 per ounce. It has already been decided upon, according to The Voice, who claims the entire multi-step project has made great progress and its completion is underway."

-------------------------

End of story

Guys, this is too much information for me . I am a bit overwhelmed with all this new information coming so fast.  Hope you enjoy this  information. Strongman out for a rest.

My interview to KAREN HUDES - WORLD BANK WHISTLEBLOWER

I exchanged emails with Karen Hudes in the past week. Read  here and here.

Finally , my interview to Karen Hudes - World Bank Whistleblower.

The reason of this interview was because of her comments in Russia Today about impressive amounts of gold hidden in banks. She is exposing high level corruption in the World Bank. This interview is full of legal technicalities and complex issues. This interview is trying to focus on her gold claims.

While I  can´t validate all her claims since  I don´t have the information to do it, I believe her story must be told.  One way or the other, her courage is truely amazing and it is an honor to be the first Latin American author and media who interviewed her.

She provides a lot links of videos which may require you watch and read them all to fully understand her view and answers of this interview. This is a full interview regarding our last exchange of emails published here.

KAREN HUDES INTERVIEW FOR SILVERTARDSWERIDE.COM and Blog Reymidas (oroyplata.info)

1)      Karen, thanks for accepting this interview. First I would like you tell us about you background and credentials at the World Bank.

I studied law at Yale Law School and economics at the University of Amsterdam. I worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. I established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association

2)      Why you left the World Bank?

Two days after informing the Board’s Audit Committee of the cover-up in the Philippines, I was reprimanded and placed on probation. The Dutch Ministry of Foreign Affairs requested the World Bank’s Audit Committee to look into the cover- up. Instead, the Chair of the World Bank’s Audit Committee requested an inquiry into the World Bank’s Institutional Integrity Department. The Senate Committee on Foreign Relations followed up with three letters to the World Bank. The World Bank forged documents and fired me in contempt of Congress. The World Bank also fired the Staff Association’s lawyer. The Staff Association stated that what had happened to me had damaged staff morale and prevented others from reporting misconduct. The World Bank’s Ethics’ Officer left in frustration after her request for an investigation by the World Bank’s Institutional Integrity Department was turned down.

3)      Are there more World Bank “whistleblowers” yes who are they?

I am not at liberty to disclose any of the whistleblowers who have not gone public.  One who has gone public is Elaine Colville, from Scotland, and another is Yonas Biru from Ethiopia Are they talking about this? Elaine has published her statement on the UK Parliament’s website

House of Commons Public Administration Committee, Written Evidence for the inquiry into Complaints Do They Make A Difference, published July 20, 2013, pages 186-7 (Elaine Colville, another World Bank Whistleblower's testimony is on Page 178) available here

http://www.parliament.uk/documents/commons-committees/public-administration/Complaints%20Consolidated%2024%20July.pdf

4)      You mentioned in one interview that you took notice about the real structure of global power. A network of powerful entities and multinationals that control a a significant part of global economy. Who are they? And how did you arrive to this conclusion?

A very good study was done by three systems theorists at the Swiss Federal Institute of Technology in Zurich, ranked as the best university in continental Europe.  What they did was examine the interlocking ownership of the world’s 43,000 transnational corporations using mathematical modeling tools.  This study showed that a small group respectively “super-entity” of 147 financial institutions and multinational corporations is pretty much in control of the world economy.  It's whoever is behind that group which is in control of 1 percent of the investments but that 1 percent through corporate interlocking directorships is now in control of 40 percent of the assets and 60 percent of the revenues of this set of 43,060 transnational companies.  See Stefania Vitali, James B. Glattfelder, and Stefano Battiston: “The network of global corporate control“, ETH Zurich, published September 2011 available here:http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf

5)      What can you tell about Latin countries and emerging economies? How are these countries being damaged by this high level of corruption? How do you evaluate the World Bank role related with emerging economies. Any comments regarding Argentina?

There have been a number of deaths from cancer or heart attacks: Venezuelan President Hugo Chavez, after theattempted assassination and coup d’etat in 2002.  Argentina’s president Cristina Fernandez de Kirchner, who had cancer symptoms.  Her husband Nestor had died of a serious heart attack at age 60 in 2010. Also Brazilian president Dilma Rousseff, who caught cancer, Paraguay’s Fernando Lugo, Lula of Brazil and retired Cuban leader Fidel Castro, came down with cancer in 2006.

Read more: http://voiceofrussia.com/2013_03_12/Cancer-epidemic-among-Latin-American-leaders-not-coincidental-Dr-Barret/

 

The World Bank will be able to fulfil its role when the Board of Executive Directors has taken back its powers under the World Bank Articles.  On June 4, 1947, the Executive Directors accepted in a Memorandum with Regard to Organization and Loan Procedure that "[t]he Executive Directors are responsible for the decision of all matters of policy in connection with the operations of the Bank, including the approval of loans," and "[t]he Management is responsible for developing recommendations in all matters of policy requiring decision by the Executive Directors." "Whenever, in connection with the operations of the Bank, decision of a question of policy becomes necessary, the President will submit such question to the Executive Directors with the recommendation of the management as to the action to be taken..." 

On September 1, 2009 I advised the Board of Executive Directors: "It is for the Executive Directors to determine if they are now obligated to avail of the full range of powers in the original mandate of the Executive Directors contained in the Articles of Agreement." 

6)      Karen, according to one interview made by Russia Today, you claimed that there is much more gold than the official World Gold Council  global stocks ever mined. For the record, you said “there is 170,500 metric tons of gold deposited in a vault in the Bank of Hawaii, 130,500 metric tons in AMEX Hong Kong plus 150,000 metric tons in Development Bank of Singapore, for a total of 451,000 metric tons. There is an additional amount exceeding 100,000 metric tons in other American banks”.This is explosive news and one of the main reasons of this interview. Can you provide us with all the details about your discoveries about gold?

This gold is held in trust for the people of the world.  I used to work in the Philippines and reported corruption at the end of the East Asia financial crisis.  I reported the corrupt take-over of the second largest bank in the Philippines. Lucio Tan, a crony of Joseph Estrada, then President of the Philippines, acquired stock owned by government employees in Philippines National Bank (“PNB”) valued more than 10% of PNB’s outstanding capital without disclosure, as required by Philippines securities laws. Tan owned Philippines Airlines, in default on its loans from PNB. The government of the Philippines loaned $493 million to PNB after PNB’s depositors made heavy withdrawals. $200 million of a loan from the World Bank and a $200 million loan from Japan were cancelled. Estrada was ultimately impeached, and in 2007 an anti-corruption court in the Philippines required Estrada to refund graft he had plundered. The Bank’s Country Director in the Philippines reassigned me when I asked him to sign a letter warning the Philippines’ government that the Bank could not disburse its loan without a waiver from the Board of Executive Directors since the loan conditionality was not met. The World Bank’s Internal Audit Department refused to correct the satisfactory evaluation of the Bank’s supervision performance or the flawed report of the Institutional Integrity Department to the Audit Committee of the Board of Executive Directors. When the Audit Committee requested an audit of internal controls over financial reporting, KPMG, the external auditors, circumscribed the scope of their audit in violation of Generally Accepted Accounting Principles and Generally Accepted Auditing Standards. After my case became public, a lawyer familiar with the collateral accounts contacted me with the details of the world’s gold.

7)      Who is hiding so much gold and why? 

Ferdinand Marcos was the authorized signatory on the gold accounts

8)      Where is this black-listed gold hidden? And why there?  T

The bulk of the gold (451,000 metric tons) is held in the banks.  There is an additional amount exceeding 100,000 metric tons in other American Banks and an additional 172,000 metric tons of gold re-buried in the Philippines in 1973.    

Can you provide with photos, documents or other legal proof of existence of this gold? Are there more witnesses ready to talk about this “black listed” gold?

I mentioned that David Wynn Miller, a 92nd degree Mason http://www.youtube.com/watch?v=WfLkCHJuSpk (Vista previa)  and Lord James Blackheath, a member of the House of Lords  https://www.youtube.com/watch?v=l67HCjdXMEg (Vista previa)  both referred to 750,000 thousand metric tonnes of gold.

9)      Where all these huge amounts of gold came from?

The gold came from colonialization, from the nobility, from China, and from over 60 nations for

“safekeeping”.  Details are in http://www.naaij.org/2013/10/12/the-greatest-heist-in-history-the-jesuits-bankers-hid-the-worlds-treasure/

10)    Have you seen legal documents or discussions about gold manipulation so far?  Do you believe this gold is being used to manipulate its price internationally?

Yes, there is manipulation in the price of gold by the “super entity”, but this does not involve the secret gold that is hidden in the banks and also buried; it involves naked shorts: the offer for sale of gold which is not accompanied by physical possession.  Goldman Sachs announced two downgrades in the price of gold, first at the end of February, and then on April 10, 2013.  Then the Federal Reserve assaulted the price of gold through uncovered gold certificate short sales on April 12 of 500 tons.  Gold prices were rising against the dollar because of eroding confidence, as the Fed printed more dollars than people were willing to hold. Utah, Missouri and Idaho already have laws recognizing gold and silver bullion coins as legal tender, and a dozen more states have introduced similar bills.

  http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425

11)  What irrefutable evidence can you provide about the existence of this unlisted gold?   

The gold is mentioned by David Wynn Miller, a 90 degree Freemason and Lord James of Blackheath, a Member of the UK House of Lords, in these two videos:

http://www.youtube.com/watch?v=WfLkCHJuSpk 

 https://www.youtube.com/watch?v=l67HCjdXMEg  

12)  Is the World Bank involved in gold manipulation schemes?

Not to my knowledge

13)  Do you see gold as a real investment choice? Why?

If the transition from fractional reserve fiat currency to asset backed currency is not smooth, gold may provide a means of payment. 

14)  The price of gold is around 1300 $ per ounce. Do you believe that its price is extremely high due to the existence of massive amounts of unlisted gold?

I believe  that demand for gold will increase commensurately as a means of backing the worlds’ currencies.

15)  Do you have any opinion about silver? 

In addition to its uses for monetary exchange, silver has many industrial uses, and its relative scarcity vis a vis gold is not reflected in its current price.

16)  These statements are clearly coming from a woman with extreme courage who took the risk for all of us. Have you had problems for being a “World Bank whistleblower” as you are known in the web? Are you seeing the reward for your courage, Karen?  

I am working alongside a group of other whistleblowers, and each of us is doing our part.  I get to be a little more upfront than the others by virtue of my litigation as a World Bank bondholder, and also because the United States is a super-power and ending the cover-up to American citizenry holds the key to the transition.  I am getting a lot of help these days and expect that we will resolve this lawlessness.

17)  Is it true that western media has been censoring your story? Why? Have you been interviewed by Latin American media so far?

Western media is owned lock, stock and barrel by the “super entity” and has done everything in its power to suppress the story.  The internet and alternative media are ending the cover-up.  So far you are the first of the Latin American media to publish my story.

18)  This level of corruption may lead to a total loss of confidence in paper currencies.  Do you see a possible scenario of currencies collapsing, including the US dollar? 

The world's currencies are now facing a risk of permanent gold backwardation: when all offers to sell gold for dollars are withdrawn regardless how high the bid price may go.  On July 7, 2013, gold leasing ended when "GOFO" (the difference between the rate offered for future leases and the rate that applies to leases already in force) became negative.  The gold basis (the difference between the nearby futures price and the spot price of gold) also became negative.  This indicates a shortage of deliverable gold and gold hoarding.

Just like in 1971, negative GOFO indicates the risk of permanent backwardation.  Without restored confidence in international currencies, a chain-reaction leading to a barter economy commences, bringing serial bankruptcies, unprecedented unemployment, and shortages of food, fuel, and medicine.  This would result in famine, pestilence, and a break-down of law and order. When the value of US Treasury paper erodes, no amount of bond buying by the US Federal Reserve will be able to stop the collapse of the fiat dollar. The monetary reserves of the world’s currencies will be extinguished, representing the largest destruction of fiduciary values in all history.  Much depends on how the banking system will hold up while the new gold strategy is being implemented.  The Universal Credit Rating Group, owned by Russia, China, and private investors is also making it impossible for the cover-up of corruption to continue. 

19)  What currencies are the safer in your view? Based on your knowledge about the global structures of power, what should the people do with their money? Or what should NOT be doing?

I believe that we will all sink or swim together in the transition of fiat paper currency to asset-backed currencies

20)  Is it possible a currency war with all these compliance risks?

Yes, it is possible.  But there is a very accurate power transition model that I mentioned in footnotes 7, 8 and 10 of this Article.  After the UK Parliament published my and Elaine Colville’s statements, we are now on track for rule of law instead of a currency war.  http://www.larsschall.com/2013/05/08/governance-issues-at-the-world-bank-a-security-risk-to-the-world-order/

21)  What will happen to the World Bank?  Have you been contacted by government -member officials requesting information about World Bank corruption ? 

I am in regular contact with governments.  Tomorrow morning I will have my third interview on Russia Today TV.  I have also been published in a German website with 1.5 million readers per month:

http://deutsche-wirtschafts-nachrichten.de/2013/09/17/whistleblowerin-geheime-machenschaften-der-finanz-eliten-zerstoeren-die-welt/  translation at https://s3.amazonaws.com/khudes/germanyarticle2.docx

22)  Is there anything you would like to add to this interview?

Thank you very much for the coverage.

23)   Why the “average guy” should care about these geopolitical schemes made by these entities? How can the people stop it?

Our welfare and the welfare of our children depends upon whether we can all live together in harmony or whether we are being exploited by the “super entity”.

24)  What is your message for all of us who are being enlighted by your courage?

Spread the news to your family, friends and neighbors.  Stay involved as we fix the loopholes that allowed this corruption to exist.  You will know if you are receiving all of the information you need to keep yourselves informed by the fate of your whistleblowers.

Thank you very much for this interview, Karen Hudes.


and she attached these photos to the email:

well , I hope we can bring more light to  this mistery of "black-listed gold". Hope you enjoy this interview.

Strongman