Kevin Hayden – TruthisTreason.net

Source: Casey Research by Louis James

Economic crises signal that the current system isn’t working as expected and needs improvement. When it comes to monetary systems, questioning their fundamentals can lead to doubts about whether the preferred medium of exchange will continue to be preferred for long. The large-scale whirlwind of economic trouble around the globe has pushed some to rethink the role of gold in the economy – and to actually move toward bringing it back.

A month ago, a rumor that India is going to pay in gold for oil imported from sanction-struck Iran sent shockwaves through the markets. It was no small deal, both in principle and volume: India is one of Iran’s largest oil buyers, responsible for about 22 percent of total exports and worth about US$12 billion per year. China is next with 13 percent, and Japan is third with about ten. All of them are having a hard time dealing with Iranian oil imports, as the country is under sanctions caused by Western fears regarding its nuclear program.

Then an Israeli news site claimed exclusive knowledge of a possible workaround between India and Iran: settling the purchases in gold....

Kevin Hayden - TruthisTreason.net

Originally posted Sept 26, 2010

Every so often, I get an email asking where I would invest my money or why I talk so much about putting my money into tangible goods rather than the stock market or traditional CDs.  From my standpoint, tangibles endure the test of time far better than a fiat paper currency such as the US Dollar.  A fiat currency has value only because of government fiat – or declaration.   And since it is tied to the whims of governing politicians and bankers, it risks inflation, meaning that you will need to shell out more and more dollar bills for the same old product year after year.  Look at the price of gasoline for an example.  Prices inflate because the dollar is losing it’s fiat value – the Federal Reserve is stretching it too thin.

So what are tangibles, you ask?  Well, that’s a broad term used to describe many things that are physical.  Something you can either hold in your hand or touch and is worth something.  Your car is a ‘tangible good’ to an extent, although it has an accelerated depreciation tied to it as soon as you buy it.  It will never be worth as much as it was on the car lot....

Kevin Hayden – TruthisTreason.net

Fast and Furious: Case Files on Terry Murder Have Disappeared, Gone

SEC targets low-level bankers, spares top execs

Homeland Security Coordinated 18-City Police Crackdown on Occupy Protest

Is Pizza a Vegetable? In School Lunches, Congress Says Yes

Storage Wars: Man Finds $500,000 In Gold and Silver After Purchasing Abandoned Storage Unit at Auction

‘You’re going to see what a Molotov cocktail can do to MACY’S'…

Ex-Freddie Mac official said Newt Gingrich was paid $1.5 million for “consulting” – which means Lobbying

TSA puts off safety study of X-ray body scanners…

Other Occupy News:

Party Over In Zuccotti Park, But Not The Whining…

Dozens of Hypodermic Needles Found in Trash…

Down to a dozen overnight…

Shooting at UC Berkeley during protests…

Protester Arrested for Child P0rn at ‘Occupy’ Chicago…

Man arrested at LA camp for public masturbation in front of children…

Now, ringworm and scabies hit ‘occupy’ camps…...

Kevin Hayden – TruthisTreason.net

Source: New American, Hayden’s Note near end

It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

Hayden’s Note:

Saddam did the same thing… Invaded and hanged....

Kevin Hayden – TruthisTreason.net

Source: YouTube & SHTF Plan

Kevin Hayden – TruthisTreason.net

Source: Activist Post

It seems that the scandalous financial world has claimed another high-profile casualty: the London Gold Exchange.  An announcement was made on their website claiming, “Due to operational difficulties the London Gold Exchange is permanently closed for business.”

Founded in 2002, their official business was trading digital currencies like c-gold, Liberty Reserve, Pecunix and v-money.

No further explanation was given for the “operational difficulties,” nor has there been any indication as to if and how their 100,000 members will be affected.

Hayden’s Note:

First off, don’t assume that this was some massive company or stock exchange-like corporation.  They chose a fancy, official sounding company name (remind you of the Federal Reserve?) but were in reality, a small company that was not an exchange nor did they trade gold – they “traded” digital currencies that other corporations created.  If you understand the derivatives and fiat money ponzi scheme, this company would simply be another tier of the pyramid.  They made profit from the trading of (make-believe) digital currencies based upon the fiat Dollar price of gold which is manipulated by other, larger banks and exchanges....

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

When it comes to gold, one can now officially skip the foreplay.

Gold has proceeded to rise to within nickels of the all time high, with spot trading over $1910 at last check.  Since Europe is about to open shortly, and since the free fall in risk will resume now that virtually every rhetorical gimmick has been used and abused ad inf, it appears that absent the CME doing away with margin requirements altogether, we will see $2,000 spot within hours.

...

TruthisTreason.net – Kevin Hayden

Source: Forbes via Cryptogon.com

Now, in Switzerland, efforts are underway to create an official Gold Swiss franc (GSF) with a set of coins, each with a fixed content of gold. The proposed constitutional change would permit private institutions to issue an unlimited number of coins whose appearance, content and weight of gold, and definition would be under the supervision of the Swiss government.

Hayden’s Note:

Brilliant.  As stated over at Cryptogon, I’m not real savvy on the idea of allowing credit to be issued, but overall, I think this would be a great move for everyone. 

For example, the smallest coin would have a face value of 1 GSF and have 0.1 grams of gold in its center, similar to today’s bi-metallic euro coins, and be worth—at today’s price of gold, about $4.00.

Five, 10, 20 and 50 GSF coins would have 0.5, 1.0, 2.0 and 5.0 grams of gold and today would be worth approximately $20, $40, $80 and $200 respectively. Gold Swiss franc bank notes are conceivable, as are GSF bank deposits, but they would have to be 100% backed by gold held by the issuing institution....

TruthisTreason.net – Kevin Hayden

Source: Bloomberg

Gold advanced to records in London and New York as concern about more U.S. economic stimulus and debt woes in the country and Europe boosted demand for the metal as a protection of wealth.

The dollar fell against six major currencies after Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to take additional action, including buying more government bonds (from Goldman Sachs at a higher price than if buying from the Treasury Dept!), to boost the economy. Moody’s Investors Service said the U.S. may lose the Aaa credit rating it’s held since 1917, while Fitch Ratings slashed Greece’s rating and said that a default is a “real possibility.”

Hayden’s Note:

The Dollar ALWAYS seems to fall after Bernanke opens his mouth.  But in regards to this “debt default” nonsense, I have to offer a few words.  The Treasury and White House Administration are trying to scare Americans into thinking this “default” would be bad for America, that SS checks won’t go out the day after and that Moody’s is going to downgrade our credit....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind.

From: FOREX.com <info@forex.com>
Date: Fri, Jun 17, 2011 at 6:11 PM
Subject: Important Account Notice Re: Metals Trading
To: xxx

Important Account Notice Re: Metals Trading

           
We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.

In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.

We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.

...

TruthisTreason.net – Kevin Hayden

TruthisTreason.net – Kevin Hayden

Source: Cryptogon

Ultimately, victory will mean that Afghanistan becomes pacified in a manner that facilities effortless corporate rape. The purpose of the U.S. military is to tie the victim down. Then, the people in the suits step into the room… J.P. Morgan bankers, who just happen to be former British SAS members, are working with the U.S. military and its puppet Afghan regime to set up mining operations throughout Afghanistan.

If any article belongs at the top of your Must Read pile, this is it.

Via: Fortune/CNN:

To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity — one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset. The two most resource-starved nations on the planet, China and India, sit next door to Afghanistan, where, according to Pentagon estimates, minerals worth nearly $1 trillion lie buried. True, there is a war under way. And it’s unclear how the death of Osama bin Laden will impact the country’s political and economic environment....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Just like yesterday and the day before, 6:30pm is now the official precious metal “bang the afterhours” launch time. As we predicted minutes ago, silver just got taken to the cleaners on what is now an apparent attempt to push silver around in the no volume part of after hours trading, in the 6-7 pm no man’s land. We expect an imminent rebound after this latest attempt to trigger stop losses, probably those around $40, fails. If it succeeds in pushing silver below $40 it is very possible that the metal can promptly trade down to the mid $30s as a result.

Hayden’s Disclosure:

I have silver holdings and while I am not recommending, advising or otherwise – If silver drops below $30, you can bet the house that I’ll be buying plenty of it in physical holdings.  Just an FYI.

It seems as though several SLV holders – Bank of America, JP Morgan, MS, and others – need silver to drop dramatically so that they can get out of their short contracts....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Nobody could have foreseen this. Nobody. In other news, Ben Bernanke has just ordered an extra absorbent set of Huggies.

Silver price is at 31-year high.

Time for some force majeure announcements from the TBTFs....

Source: ZeroHedge

TruthisTreason.net

When we first reported on the rumored “confiscation” of 1.5 tons (or is that tonnes?) of gold by deposed Tunisian surging food inflation-beneficiary Ben Ali, we joked that the next WGC update of Tunisian gold assets would be strangely lower by 23%. Once again, the Onion-like reality sets in as we uncover we were right. Dow Jones reports that “Tunisia’s central bank this week said it held about 5.3 tons, but dismissed reports that the family of ex-leader Zine El Abidine Ben Ali had withdrawn the gold, saying the bank vaults were “under draconian security measures.” Um, yeah, that’s just off by the amount that Ben Ali is now desperately trying to eat…

From Dow Jones:

Tunisia had 6.8 tons of gold in December, a level unchanged for at least a decade, according to a December online report issued by the World Gold Council, which is also in line with estimates issued by the International Monetary Fund in October.

The WGC regularly publishes global statistics on gold and is considered an authority on the sector.
…
According to French intelligence cited by French daily Le Monde, Ben Ali’s wife Leila Trabelsi had gone to the bank to withdraw the gold.

...

Source: Virginia Legislative Information System

Hayden’s Summary:

Virginia has started a process in which it will try and shield itself and it’s citizens from the likely fallout resulting from the implosion of the Federal Reserve’s banking system (and our way of life as we know it).  Several other states have been offering bills that tackle the same subject but in different ways.  Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver.  Sadly, it was defeated 51-14, but Hart said he will try again in the next legislative session if he is re-elected.

America’s monetary system is based on fiat money, it has no intrinsic value and it is not asset-backed.   Federal Reserve notes have value because of government regulations (the Legal Tender laws) that mandate their use under the threat of fine or imprisonment.  The Legal Tender laws require people and businesses to accept Federal Reserve notes for payment, if Federal Reserve notes are offered as payment.  However, people, businesses and even governments can also accept payment in the form of gold, silver or any other thing of value – they are not tied to accepting only Federal Reserve notes....

Source: Activist Post

The new ObamaCare1099 rule for reporting of all cash, credit and check business transactions of $600 or more is scheduled to begin January of 2012.  This is really an extension of the 2008 Housing and Recovery Act IRS rules that start this January when merchant banks and PayPal will report business sales directly to the IRS (the reporting threshold is $20,000 and 200 transactions a year).

These new IRS rules will affect every American:

• Income tax collection could rise as much as $345 billion a year
• Small businesses will be crushed and unemployment will rise
• A cashless economy is further set in motion
• IRS snooping and audits will increase
• Gold can be tracked
• Identity theft is a risk
• Government surveillance will increase

THE TAX GAP

ObamaCare requires that businesses and self-employed individuals submit 1099 forms to the IRS for all business purchases of $600 or more.  The stated purpose for this is to close the ‘tax gap’ which is the difference between the amount of what is “owed” and what is paid, due to lack of reporting and under-reporting, and is estimated at $300 billion dollars a year.  Last week, the Senate failed to repeal the ObamaCare 1099 rule because they could not agree on how to make up the “lost” revenue that would be generated from strict reporting, which they estimated to be $19 billion over 10 years, which is a GROSS underestimate....

Source: Silver Bear

I pledge allegiance to the flag…

Remember when you learned those words? It was back when everything was simple. The Pledge of Allegiance was written in 1892 by Francis Bellamy, the circulation manager of the Boston based “The Youth’s Companion” magazine. The end of the Nineteenth Century was a much simpler time. The world was a much simpler place. It is not so simple anymore.

When we recite those seemingly patriotic words, what are we really pledging our allegiance to? To the flag? To the United States? To the Republic for which it stands?

If we are to pledge our allegiance, let it be to an ideal. That ideal should be the American way of life as prescribed by the Constitution. The Constitution was designed to provide the essential ingredient in the recipe for the American Dream. It provided the “roadmap” that gave our forefathers the opportunity to make this country great. That greatness was born out of the sweat and blood of a liberated citizenry.

…of the United States of America.

Freedom as a concept and an ideal is under attack in America....

Source: Zero Hedge

It’s amazing what a little reminder that an ever more fragile ponzi system is constantly on the verge of total collapse will do to the price of tungsten’s (or closest equivalent, “physical gold”) flight to safety.  Read: It spiked to $1,372.94 today.  I still say silver is am easy bet, but it’s good to diversify into a bit of gold, as well.

...

Source: Global Research

China, Russia and Iran are dumping the dollar.

Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time.

Western powers have tried to destroy gold as a backing for currencies for many years. Presently the major media won’t touch the story and that is understandable.
Something we have been writing about for years is the Shanghai Cooperation Organization known as SCO. Few have been listening and few have been interested in what their mission is and what they have been up to.

Some of the members are large oil producers and some, like China, are large oil users. Some have very large US dollar surpluses. As well, some are large commodity and gold and silver buyers. In fact, members are in a great part responsible for driving these prices higher. It is debatable, but we believe there is a conscious effort to accumulate gold and silver, dump dollars and to back their currencies with gold....

Source: Zero Hedge

A topic we covered extensively in the past makes a second appearance, this time courtesy of Abigail Doolittle and The Weekly Peak, whose weekly musings focus on the much fabled ratio between the price of gold and silver. Some observations:

• 323 B.C. – The ratio stood at 12.5 upon the death of Alexander the Great.
• Roman Empire – The ratio was set at 12.
• 12th to 17th Century – The ratio was around 12.
• End of 19th Century – The nearly universal, fixed ratio of 15 came to a close with the end of the bi-metallism era and England’s attempt to demonetize silver and conceivably because the country had little of the precious metal.
• 1980 – At the time of the last great surge in gold and silver, the ratio stood at 17.
• 1991 – When silver hit its lows, the ratio peaked at 100.
• 2003 – 2007 – This part of the bull market in silver caused the ratio to drop to 45 from 80.
• 2008 – The ratio rose back to 80 on the Great Recession.
...

Kevin Hayden

TruthisTreason.net

Dallas Fed Admits “For The Next Eight Months, The Nation’s Central Bank Will Be Monetizing The Federal Debt”, Opens Door To Bernanke Impeachment

Time to begin the Chairman impeachment proceedings. It is one thing for blogs like Zero Hedge to argue (rightly) for the past 1.5 years that the Fed’s actions in the Treasury space are nothing but direct debt monetizations. After all, one can always argue semantics, as some peers have enjoyed doing in the past. Yet when an actual Federal Reserve Fed President, in this case Dallas Fed’s Dick Fisher states it without any trace of hiding the underlying intent, then things get a little serious. To wit: “For the next eight months, the nation’s central bank will be monetizing the federal debt.” It gets worse: even though Fisher realizes that what he is doing is unconstitutional, he also admits that the Fed’s actions are now is effectively a policy tool: “Here is the message: The Fed is going out of its way to be a good citizen. It is time for the Congress to do the same....

Kevin Hayden

TruthisTreason.net

Gold and Silver are moving like a freight train today.  Silver is sitting at $26.33 currently with no signs of slowing down and Gold is about to break $1,400.

QE2 – The Day After: Entire World Blasts Deranged Madman’s Uncheckable Insanity

Yesterday’s Ben Bernanke penned an Op-Ed in which he essentially said: “I am doing whatever I interpret my mandate to be, which right now means only thing: Dow 36,000. I am only accountable to the private bank that is the Federal Reserve, a few Wall Street CEOs, and no one else. Congress has no power over me. Try to stop me.” And while the stock market is so far in love with this exhibition of outright hubris which promises record bonuses even as a record number of Americans subsist on foodstamps and real, not BLS, unemployment is over 20%, putting the Chairman in a long-overdue strait jacket will ultimately require an outright clash between those who still believe in that piece paper called the constitution and the kleptocratic cartel to whom the trade-off between a senior bond impairment and their first born is never all that clear....

Kevin Hayden

TruthisTreason.net

Iraq: 12 Die as Gunmen Storm Baghdad Gold Shops

At least 12 people died when [Blackwater?] gunmen invaded a row of gold shops in the Mansour District of western Baghdad on Sunday and ended up in a gunfight with security forces, police and military officials said. The gunmen used hand grenades and small arms to kill three shop owners. When they emerged, two gunmen, two police officers, a soldier and four civilians were killed in the shootout.

Hayden’s Note:

I think we might start seeing this in America as the price of gold continues to climb.  Conventional burglars and robbers will soon start targeting these metals in shops and homes as the economy continues to sink.  Today’s drop in precious metals is simply in response to China bumping their interest rates up a bit, but gold and silver will continue their steady climb towards $1,425 and $26 respectively by year’s end. 

I do find it highly suspicious that this occurred in Western Baghdad, where thousands of Blackwater agents are stationed.  This screams of “professional operation by highly trained individuals” and not some random group of rag-tag insurgents.  The insurgents have their opium fields, bribery payoffs and road blocks which fund their operations.  They certainly don’t need to go around knocking off gold shops in Baghdad.  No, that’s American greed right there… not Arab....

Kevin Hayden

TruthisTreason.net

$5,000 Gold Equates to $100 – $350 Silver – Here’s Why

By: Lorimer Wilson

108 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (75) think a price of $5,000 or more -even as high as $15,000 – is actually more likely.  As such, just imagine what is in store for silver given its historical price relationship with gold.

See also: Whistleblower Exposes JP Morgan’s Silver Manipulation Scheme

See also: Feds Launch Probe into JP Morgan Trades in Silver Pit

Let’s look at the gold : silver ratio from several different perspectives:
- Over the past 125 years the mean gold:silver ratio (i.e. 50% above and 50% below) has been 66.9 ounces of silver to 1 ounce of gold.
- In the last 25 years (since 1985) the mean gold:silver ratio has increased to 45.69:1
- The present gold:silver ratio has been range-bound between 60:1 and 70:1 (58.8:1 as of October 6/10).
- Interestingly, during the build-up to the parabolic blow-off in 1979/80 silver outpaced gold going up 732.5% vs....

Kevin Hayden

TruthisTreason.net

Dollar tanks, stocks drop as Bernanke speech looms

European and U.S. stock markets mostly fell Thursday as investors awaited a speech from the Federal Reserve chairman that is expected to give more clarity on what the central bank is planning to do to prop up the ailing U.S. economy.

However, the prospect of more dollars floating around the system continued to pile the pressure on the currency itself.

.

Gold Hits New Record as the Dollar Continues to Weaken

Spot gold rose to a fresh all-time high on Thursday, riding on the back of a weaker dollar, as investors expect more monetary easing from the Federal Reserve to jump start the economy.

* Spot gold XAU= rose to a fresh all-time high at
$1,376.95 an ounce, and eased to $1,375.65 by 0035 GMT
* U.S. gold futures for December delivery GCZ0 also hit a
new record high at $1,377.9.
* The dollar fell to its lowest against a basket of
currencies in nine months on Thursday, supporting the rally in
commodities prices.
* Spot gold XAU= is expected to rally towards $1,404 per
ounce as it has climbed above a consolidation range between
$1,324.85 and $1,364, said Wang Tao, a Reuters market
analyst....

Source: YouTube & GoldSeek Radio

Gerald Celente tells GoldSeek Radio global currency devaluation will result in “Great War” and a bank holiday.

...

Source: Seeking Alpha

Now that gold is muscling its way towards $2,000/ounce, the forces of ignorance embodied by post-secondary-accredited yet nonetheless clueless commentators are being given voice by government sponsored media outlets such as CNN. Tokyo Rose was the generic handle accorded to any of a dozen women who, during World War 2 broadcast programming designed to undermine the morale of American troops over the radio.

Coverage such as stories like “The Case Against Gold” on CNN Money are designed to undermine the determination of gold accumulators who are genuinely frightened about the purchasing power of their dollars as their government ‘quantitatively eases’ the economy back onto its feet. By continuously counterfeiting fiat currencies and flooding the markets with such ersatz lucre, the final rush towards economic collapse is momentarily cushioned.

But make no mistake. The acceleration of the rate at which gold increases – the average has been $87 per year since 2000, and in the last 365 days from today, that number is $317 – is an analogous signal that the rate of deterioration of the global economic system as a whole is itself accelerating proportionately....

Kevin Hayden

TruthisTreason.net

Good evening, everyone!

I’ve decided to change up the Economic News section a bit.  I’ll still be bringing you full articles but on a less frequent basis.  More like a weekly editorial or guest article and I’ll probably post that under Featured Articles.  In lieu of multiple daily updates, I’ll be offering several links to the top stories I find.  Traditionally, when I post stories it takes 5-10 minutes to copy, format and get the links adjusted and proper credit given to the source.  Also, I carefully read each story to make sure it’s not full of disinformation, lousy reporting or other erroneous material.

That alone limits how many stories I post each day, so by simply linking you to the top stories, I can get 5 or 6 stories posted up for you to read in the same time frame, although I can’t read them quite as carefully.  There might be some things I disagree with in these stories, but overall – I will be presenting stories that have an impact on your economic and financial situation.  I have faith that all of you have enough sense to determine what’s real and what’s nonsense....

Source: Global Research

It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. As we write gold is toying with $1,300 and silver with $21.50. Each day a new high is reached in spite of a pending options expiration and the perpetual market rigging and manipulation by the US government.

Hayden’s Note:

I highly recommend you read this entire article.  This isn’t your typical “Buy gold!”-type article.  Instead, it accurately describes the bigger picture (especially towards the last 1/3 of the post) and that is something you need to understand now, not later.

One of the things that astound us is that few professionals have seen this coming over the past 10-1/2 years, and even those that do believe do not think this is an earth-shaking event. What we are about to experience is an event that only occurs every 300 to 500 years....