Investors suffered financial losses in recent weeks as stocks globally came under pressure in August and had their worst month in the last three years.
In one of the most volatile trading periods since the global financial crisis,
August saw a massive $5.7 trillion erased from the value of stocks worldwide.
No major stock market was left un scathed and the risk of financial and economic contagion became evident again. There are growing concerns internationally that in the event of another Wall Street or global stock market crash and a new systemic crisis – a Eurozone debt crisis or another Lehman Brothers collapse – there could be enforced bank closures or extended bank holidays in the EU and U.S. as seen in Greece recently. Recently, even U.S. economic data has been horribly dissapointing to add to the woes in Emerging Markets.
Anyways, In the scenario above, deposit boxes and vaults in U.S. banks and financial institutions could be sealed and gold confiscated again.
There is a legal precedent for this. April 5th, 1933 – at the height of
the Great Depression – was the day when U.S. President Franklin Delano
Roosevelt instructed all American citizens to hand over all their gold coins
and bars to the Federal Government. Read more on the GoldCore.com blog
Here’s some good articles re: Gold.
Gold retains 2-day decline ahead of U.S. jobs data – Reuters
Perth Mint’s gold, silver sales drop in August but robust – The Economic Times
Supervisors should not tell whole truth about bank health -BuBa economist – Reuters
Best Ever August for Bullion Silver Eagles – silvercoinstoday.com
Gold fever hits Poland with possible discovery of Nazi train – Yahoo News
Gut is telling me that this is a bear market – Frisby – MoneyWeek.com
These Are a Few of the Stock Charts That Spook Louise Yamada – Bloomberg TV
Why Are Foreign Countries Repatriating Gold From US Federal Reserve? – Sputnik
Death Crosses Everywhere; Time to Buy Gold Yet? – Barron’s
Your savings are at risk – Tim Price – MoneyWeek.com
Let’s move onto to the mysterious world planning by the U.N. They are clearly beginning the talks of a new, one world governemnt. Let me explain :
Did you know that the UN is planning to launch a “new universal agenda” for humanity in September 2015? That phrase does not come from me – it is actually right in the very first paragraph of the official document that every UN member nation will formally approve at a conference later this month. The entire planet is going to be committing to work toward 17 sustainable development goals and 169 specific sustainable development targets, and yet there has been almost a total media blackout about this here in the United States.
The UN document promises that this plan will “transform our world for the better by 2030“, and yet very few Americans have even heard of the 2030 Agenda at this point. Instead, most of us seem to be totally obsessed with the latest celebrity gossip or the latest nasty insults that our puppet politicians have been throwing around at one another. It absolutely amazes me that more people cannot understand that Agenda 2030 is a really, really big deal. When will people finally start waking up?
As I discussed in a previous article, the 2030 Agenda is taking the principles and goals laid out in Agenda 21 to an entirely new level. Agenda 21 was primarily focused on the environment, but the 2030 Agenda addresses virtually all areas of human activity. It truly is a blueprint for global governance.
And later this month, nearly every nation on the entire planet is going to be signing up for this new agenda. The general population of the planet is going to be told that this agenda is “voluntary” and that it is all about “ending poverty” and “fighting climate change”, but that is not the full story. Unfortunately, there is so much positive spin around this plan that most people will not be able to see through it. Just check out an excerpt from a piece that was published on the official UN website yesterday…
The United Nations General Assembly today approved a resolution sending the draft ‘2030 Agenda for Sustainable Development’ to Member States for adoption later this month, bringing the international community “to the cusp of decisions that can help realize the… dream of a world of peace and dignity for all,” according to Secretary-General Ban Ki-moon.
“Today is the start of a new era. We have travelled a long way together to reach this turning point,” declared Mr. Ban, recounting the path the international community has taken over the 15 years since the adoption of the landmark Millennium Development Goals (MDGs) towards crafting a set of new, post-2015 sustainability goals that will aim to ensure the long-term well-being of our planet and its people.
With world leaders expected to adopt the text at a 25-27 September summit in New York, the UN chief said Agenda 2030 aims high, seeking to put people at the centre of development; foster human well-being, prosperity, peace and justice on a healthy planet and pursue respect for the human rights of all people and gender equality. Who doesn’t “dream of a world of peace and dignity for all”? They make it all sound so wonderful and non-threatening. They make it sound like we are about to enter a global utopia in which poverty and inequality will finally be eradicated. This is from the preamble of the official 2030 Agenda document…
This Agenda is a plan of action for people, planet and prosperity. It also seeks to strengthen universal peace in larger freedom. We recognise that eradicating poverty in all its forms and dimensions, including extreme poverty, is the greatest global challenge and an indispensable requirement for sustainable development. All countries and all stakeholders, acting in collaborative partnership, will implement this plan.
We are resolved to free the human race from the tyranny of poverty and want and to heal and secure our planet. We are determined to take the bold and transformative steps which are urgently needed to shift the world onto a sustainable and resilient path.
As we embark on this collective journey, we pledge that no one will be left behind. The 17 Sustainable Development Goals and 169 targets which we are announcing today demonstrate the scale and ambition of this new universal Agenda.
If it is a “universal agenda”, then where does that leave those that do not want to be part of it?
How will they assure that “no one will be left behind” if there are some nations or groups that are not willing to go along with their plan?
The heart of the 2030 Agenda is a set of 17 Sustainable Development
Goal 1 End poverty in all its forms everywhere
Goal 2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture
Goal 3 Ensure healthy lives and promote well-being for all at all ages
Goal 4 Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Goal 5 Achieve gender equality and empower all women and girls
Goal 6 Ensure availability and sustainable management of water and sanitation for all
Goal 7 Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Goal 10 Reduce inequality within and among countries
Goal 11 Make cities and human settlements inclusive, safe, resilient and sustainable
Goal 12 Ensure sustainable consumption and production patterns
Goal 13 Take urgent action to combat climate change and its impacts*
Goal 14 Conserve and sustainably use the oceans, seas and marine resources for sustainable development
Goal 15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
Goal 16 Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Goal 17 Strengthen the means of implementation and revitalize the global partnership for sustainable development
Once again, many of those sound quite good.
But what do many of those buzzwords actually mean to the elite?
For instance, what does “sustainable development” actually mean, and how does the UN plan to ensure that it will be achieved globally?
This is something that was discussed in a recent WND article…
But what is “sustainable development?”
Patrick Wood, an economist and author of “Technocracy Rising: The Trojan Horse of Global Transformation,” says it’s clear the U.N. and its supporters see sustainable development as more than just the way to a cleaner environment. They see it as the vehicle for creating a long-sought new international economic order, or “New World Order.”
Wood’s new book traces the modern technocracy movement to Zbigniew Brzezinski, David Rockefeller and the Trilateral Commission in the early 1970s.
And Wood is quite correct. The environment is a perfect vehicle for the elite to use to bring in their version of utopia, because just about every possible form of human activity affects the environment in some way. Ultimately, they hope to centrally plan and strictly regulate virtually everything that we do, and we will be told that it is necessary to “save the planet”.
And they will never come out and openly call it a “New World Order” because “sustainable development” sounds so much nicer and is so much more acceptable to the general population.
Needless to say, there wouldn’t be much room for individual liberty, freedom or good, old-fashioned capitalism in the world that the elite are trying to set up. In fact, the U.N.’s number one sustainable development official has essentially publicly admitted this…
“This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history,” Figueres, who heads up the U.N.’s Framework Convention on Climate Change, told reporters in February.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for the at least 150 years, since the industrial revolution,” Figueres said.
They plan to “intentionally transform the economic development model”?
And so what will this new system look like?
How will they achieve this “utopia” that they are promising us?
Sadly, they are just selling the same lies that have been sold to people for thousands of years. Paul McGuire, the co-author of a new book entitled “The Babylon Code: Solving the Bible’s Greatest End-Times Mystery“, commented on this recently…
Deep inside every man and woman is the longing for a far better world, a world without war, disease, death, and pain. Our present world is a cruel world in which every life ends in death. From the beginning of time Mankind has sought to use science and technology to create a perfect world, what some would call Utopia or Paradise. As the Human Race began to organize itself, a Scientific or Technocratic Elite rose to power by promising the masses that they could build this perfect world. Ancient Babylon represented the first historical attempt to build paradise on earth.
In ancient times, Babylon was the very first attempt to create a type of “global government”, and ever since then the global elite have been trying to recreate what Babylon started.
The promise is always the same – the elite swear that they have finally figured out how to create a perfect society without poverty or war. But in the end all of these attempts at utopia always end up degenerating into extreme forms of tyranny.
On September 25th, the Pope traveled to New York and gave the opening address at the conference where the 2030 Agenda will be launched. He’s urging all of humanity to support what the UN is trying to do. There are countless millions that implicitly trust the Pope, and they will buy what he is selling hook, line and sinker.
Don’t be fooled – the 2030 Agenda is a blueprint for a New World Order. Just read the document for yourself, and imagine what our world would actually look like if they have their way.
They want to fundamentally transform our planet, and the freedom that you are enjoying today is simply not acceptable. To the elite, giving people freedom and liberty is dangerous because they believe it hurts the environment and causes societal chaos. According to their way of thinking, the only way to have the kind of harmonious utopia that they are shooting for is to tightly regulate and control what everyone is thinking, saying and doing. Their solutions always involve more central planning and more control in their own hands.
The Syria Mystery
Two days ago we reported something which we had anticipated for a long time but nonetheless did not expect to take shape so swiftly: namely, that with Assad’s regime close to collapse and fighting a war on three different fronts (one of which is directly supported by US air and “advisor” forces), Putin would have no choice but to finally intervene in the most anticipated showdown in recent history as “Russian fighter pilots are expected to begin arriving in Syria in the coming days, and will fly their Russian air force fighter jets and attack helicopters against ISIS and rebel-aligned targets within the failing state.”
This was indirectly confirmed the very next day when an al-Nusra linked Twitter account posted pictures of a Russian drone and a Su-34 fighter jet – the kind which is not flown by the Syrian air force – flying over the Nusra-controlled western idlib province.
Another twitter account said to have captured Russian soldiers in Zabadani “while fighting for Assad”
Also, one day after our report, the Telegraph reported that “Syrian state TV reportedly broadcasts footage of Russian soldiers and armoured vehicle fighting alongside pro-Assad troops.” According to the article, “the video footage claimed to show troops and a Russian armoured vehicle fighting Syrian rebels alongside President Bashar al-Assad’s troops in Latakia. It is reportedly possible to hear Russian being spoken by the troops in the footage.”
It added that “a Russian naval vessel was photographed heading south through the Bosphorus strait carrying large amounts of military equipment, according to social media and a shipping blog” while “an unnamed activist with the Syrian rebel group the Free Syrian Army told The Times: “The Russians have been there a long time.”
“There are more Russian officials who came to Slunfeh in recent weeks. We don’t know how many but I can assure you there has been Russian reinforcement.”
Then earlier today we got the closest thing to a confirmation from the White House itself which confirmed that “it was closely monitoring reports that Russia is carrying out military operations in Syria, warning such actions, if confirmed, would be “destabilising and counter-productive.”
Obama spokesman Joshn Earnest essentially confirmed Russia was already operating in Syria when he said that “we are aware of reports that Russia may have deployed military personnel and aircraft to Syria, and we are monitoring those reports quite closely.”
“Any military support to the Assad regime for any purpose, whether it’s in the form of military personnel, aircraft supplies, weapons, or funding, is both destabilising and counterproductive.”
And another confirmation: “a US official confirmed that “Russia has asked for clearances for military flight to Syria,” but added “we don’t know what their goals are.”
“Evidence has been inconclusive so far as to what this activity is.”
Other reports have suggested Russia has targeted Islamic State group militants, who have attacked forces loyal to Russian-backed Syrian leader Bashar al-Assad.
Both the White House and the Pentagon refused to say whether they had intelligence suggesting the reports were accurate.
Of course, what is left unsaid is that since Russia is there under the humanitarian pretext of fighting the evil ISIS, the same pretext that the US, Turkey, and the Saudis are all also there for, when in reality everyone is fighting for land rights to the most important gas pipeline in decades, the US is limited in its diplomatic recoil.
Indeed as we sarcastically said last week: “See: the red herring that is ISIS can be used just as effectively for defensive purposes as for offensive ones. And since the US can’t possibly admit the whole situation is one made up farce, it is quite possible that the world will witness its first regional war when everyone is fighting a dummy, proxy enemy which doesn’t really exist, when in reality everyone is fighting everyone else!”
* * *
Which now effectively ends the second “foreplay” phase of the Syrian proxy war (the first one took place in the summer of 2013 when in a repeat situation, Russia was supporting Assad only the escalations took place in the naval theater with both Russian and US cruisers within kilometers of each other off the Syrian coast), which means the violent escalation phase is next. It also means that Assad was within days of losing control fighting a multi-front war with enemies supported by the US, Turkey and Saudi Arabia, and Putin had no choice but to intervene or else risk losing Gazprom’s influence over Europe to the infamous Qatari gas pipeline which is what this whole 3 years war is all about.
Finally, it means that the European refugee crisis, which is a direct consequence of the ISIS-facilitated destabilization of the Syrian state (as a reminder, ISIS is a US creation meant to depose of the Syrian president as leaked Pentagon documents have definitively revealed) is about to get much worse as 2013’s fabricated “chemical gas” YouTube clip will be this years “Refugee crisis.” It will be, and already has been, blamed on Syria’s president Assad in order to drum up media support for what is now an inevitable western intervention in Syria.
The problem, however, has emerged: Russia is already on the ground, and will hardly bend over to any invading force.
Finally, while we have no way of knowing how the upcoming armed conflict will progress, now may be a safe time to take profits on that oil short we recommended back in October, as the geopolitical chess game just shifted dramatically, and with most hedge funds aggressively short, any realization that the middle east is suddenly a far more violent powderkeg – one which may promptly include the Saudis in any confrontation – could result in an epic short squeeze.
All of this stuff is going on after the U.S. military just did there largest “exercise” for 6 months of all-time. Jade Helm focussed on riots, protection, bombing, controlling people. Why?
Chinese Ships parading around the U.S.?
On Wednesday we noted, with some alarm, that just as Xi Jinping was busy putting China’s military might on display for the entire world to observe via a massive parade (a parade which, incidentally, provided China’s weary masses with some much needed mental relief after weeks of hand-wringing over stock market meltdowns and deadly chemical explosions), the Chinese navy was spotted off the coast of Alaska. “It’s difficult to tell [what they’re doing] exactly, but it indicates some interest in the Arctic region,” a Pentagon official told WSJ, adding that, “it’s different.”
To that, we said the following: “Different” indeed, as in “uprecedented”, and while we won’t endeavor to jump to conclusions, we would note that the PLA hasn’t exactly been shy when it comes to challenging the US from a maritime perspective of late and of course, the US has had its ships and carriers to the east and south of China for decades, so it would appear that Xi is intent on giving Washington a taste of its own medicine.
Today, we get a bit more detail on the “incident” and as it turns out, the ships were a little closer than you might have thought. In fact, as WSJ reports, they came within 12 nautical miles of the U.S. coast. Here’s more:
Chinese navy ships off the coast of Alaska in recent days weren’t just operating in the area for the first time: They also came within 12 nautical miles of the U.S. coast, making a rare foray into U.S. territorial waters, according to the Pentagon.
Pentagon officials said for the first time late Thursday that the five Chinese navy ships had passed through U.S. territorial waters as they transited the Aleutian Islands, but said they had complied with international law.
Analysts saw the passage as significant as Beijing has long objected to U.S. Navy vessels transiting its territorial waters or operating in international waters just outside.
The five Chinese ships “transited expeditiously and continuously through the Aleutian Island chain in a manner consistent with international law,” a Pentagon spokesman said. Pentagon officials also confirmed that the vessels came within 12 nautical miles of the U.S. coast.
U.S. officials believe China is building a “blue-water” navy capable of operating far from its shores, while also developing missiles and other capabilities designed to prevent the U.S. Navy from intervening in a conflict in Asia.
Many of those capabilities, including a new antiship ballistic missile, were put on display for the first time on Thursday in a military parade in Beijing to mark the surrender of Japanese forces at the end of World War II.
There seem to be several key takeaways here. First, this comes just a few weeks ahead of Xi Jinping’s first official visit to the US. That visit, as detailed on Thursday evening, may already be clouded by expectations that Washington will announce sanctions as early as next week in connection with a series of cyber attacks that allegedly emanated from China. Thus China’s maritime forays could serve to make the trip even more tense than it already would have been.
Second, China’s operations in the Aleutians need to be looked at in the context of its recent activity in the South China Sea, where Beijing has constructed some 3,000 acres of sovereign territory atop reefs in the Spratlys. What seems clear here is that the PLA is intent on projecting its ability and willingness to unilaterally do as it pleases even if that means ruffling the feathers of US allies and even the US itself along the way. Additionally, as we mentioned on Thursday, the US has operated in and around China’s territorial waters for years, so there’s a “what’s good for the goose…” element at play here as well. Amusingly, one military expert turned this on its head when he told the Journal that now, “as a matter of fairness and equity”, the US will be able to point to the Chinese navy’s operations near Alaska as a justification for sailing near China’s islands in the Spratlys: “these operations are a big step forward for U.S. interests in that Beijing now has no basis to object to similar passage through China’s territorial sea by the U.S., for instance in vicinity of China’s islands in the South China Sea.”
Finally, it’s worth mentioning that the South China Sea dispute and now the traversal of US territorial waters near Alaska hardly mark the only two notable examples of the Chinese navy expanding the scope of its operations this year. Recall that during the height of the Houthis’ seige on Aden, the PLA navy inexplicably showed up to evacuate civilians. Here’s a look at the scope of China’s expanded naval activities:
Source: Dewey Knows