Cash for gold scam! BIS giving cash to European banks in exchange for their gold holdings

Stacy Summary:   Unbelievable, truly unbelievable.  Wonder why the BIS is taking the gold as collateral from the European banks rather than just a paper promise?  Don’t the BIS know they can’t eat gold?

European commercial banks have begun using their holdings of gold to raise cash with the Bank for International Settlements, in a further sign of strains in the money markets on which many rely for funding.

The BIS, the so-called “central banks’ central bank”, took 346 tonnes of gold in exchange for foreign currency in “swap operations” in the financial year to March 31, according to a note in its latest annual report.

In a gold swap, one counterparty, in this case a bank, sells its gold to the other, in this case the BIS, with an agreement to buy it back at a later date.

In the past the BIS has occasionally engaged in gold swaps.

There has been no mention, though, of any such operation in recent years.
. . . .
The BIS annual report says the gold received in the swaps was held “at central banks”.

The swaps are being blamed for gold crashing as seen in this gold chart:

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

Welfare checks for America’s rich, hobo-dom for the rest

Stacy Summary:  A Brit’s observations on America, Hobos and Welfare for America’s Rich.   Interesting piece from a conservative paper, but, from what I can tell, it is a very rare event in history that fury at such enormous injustice gets directed at the appropriate party.  What are your thoughts on this piece from Ambrose Evans-Pritchard?

But once welfare has been deployed so generously for the rich, it cannot be denied so easily for the poor. This was the Faustian Pact.

Republicans on Capitol Hill need to think long and hard about the nature of the contract they signed, and the language they now use. Otherwise American society risks splitting ever more bitterly into opposed camps.
Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

BIS- IMF Looting Sovereign Wealth, ‘Biggest Gold Swap in History’

Stacy Summary: h/t MirrorMirror for this article on the BIS/IMF gold swaps. @snoot – it’s being done in the name of SDR’s.

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

RIP Zapata George

Stacy Summary: Thanks @Danny for sending me the news about Zapata George who died this past weekend. He was a very good online friend to me and we talked often on skype, he certainly always made me laugh. I had been worried about him lately as I hadn’t heard from him. Here he is interviewing Max on his radio show last year:

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

Ron Paul and Barney Frank Call for $1 Trillion Cuts in Military Spending

Stacy Summary: As is so often the case, Ron Paul is the one ‘Republican’ who avoids silly partisan hackery to call for military spending cuts like this. Whether the rest of the War Party (that’s the one single party under which both the Red Team and Blue Team operate) will support it or whether the War Machinery operatives like the NY Times or Washington Post will will stop terrorizing the taxpaying population on behalf of the MIC with stories of existential threats emanating from faraway caves and imaginary desert bunkers is another thing . . . (P.S. – One trillion over ten years is many trillions too little and many years too late; but it was worth a try. Afraid it’s the Soviet Way from here, not too long from now).

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

[KR57] Keiser Report! – Markets! Finance! Drunk Brokers! Obscene Bankers!

Stacy Summary: We look at the latest scandals of American newspapers that rebrand torture as ‘waterboarding’; Timmy Geithner’s unwitting junk bond buyers; and, bailed out American banks financing Mexican drug lords. In the second half of the show, Max talks to lawyer, Luc Saucier, about building a case of obscenity against the banks.

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

Did American Anti-Gay Evangelicals Inspire Beheading of LGBT Activist in Uganda?

Stacy Summary: Sad story; I had my eye on this story since reading the article in the New York Times in January.  How are the American evangelicals in Uganda any different from other extreme religious groups that inspire beheadings?

Last March, three American evangelical Christians, whose teachings about “curing” homosexuals have been widely discredited in the United States, arrived here in Uganda’s capital to give a series of talks.

The theme of the event, according to Stephen Langa, its Ugandan organizer, was “the gay agenda — that whole hidden and dark agenda” — and the threat homosexuals posed to Bible-based values and the traditional African family.

For three days, according to participants and audio recordings, thousands of Ugandans, including police officers, teachers and national politicians, listened raptly to the Americans, who were presented as experts on homosexuality. The visitors discussed how to make gay people straight, how gay men often sodomized teenage boys and how “the gay movement is an evil institution” whose goal is “to defeat the marriage-based society and replace it with a culture of sexual promiscuity.”
Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

Gulag Casino Britain – Big Budget Porn Film Shot on Location in London Hospital

Stacy Summary: Only Max Keiser predicted this sort of stuff. Poor old men in the hospital, if the superbug doesn’t kill them then a heart attack induced by super*&^%y will!

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

Toothless stress tests and SAFE dollar losses

Stacy Summary:  More headlines from fantasyland:

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

No Freedom From Market Manipulation on Independence Day

Stacy Summary: Great job by Karl Denninger here. And h/t Giuseppe Bagodonutti.

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

[Video] Alleged Spy Max Keiser

Stacy Summary: Clip from tomorrow’s episode of Keiser Report.

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

New generation in China rejecting slave labor, just as Americans embracing it

Stacy Summary:  If you needed any more sign of transfer of wealth and power from one nation to another:

  • China’s new generation of labor won’t accept slave labor
  • “(This is) a new generation of migrant workers,” said Liu Kaiming, executive director of the Institute of Contemporary Observation, a privately funded group in Shenzhen that focuses on labor issues. “They are more willing to speak out about their grievances and are less tolerant of long hours and tough conditions than the older generation.”

    “The rights mentality of younger workers is much stronger than past generations,” said Wen Xiaoyi, a researcher at the China Institute of Industrial Relations in Beijing. “The older workers tell you they feel a sense of loyalty to the company, but they also say that younger workers have a completely different attitude and higher expectations.”

Meanwhile, as we reported recently that with the young of America:


. . . demand for virtual rather than real wages is more common among younger workers.

“There will be a whole new generation of kids growing up who won’t really see the difference,” he said.

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

The Sinking Ship Killing Americans for Fun & Profit [UPDATE]

Stacy Summary:   Part of the collapsing empire story and continuation of the theme that government spending for restricting liberty, dignity and life for others is somehow less problematic than spending on helping the poor, unemployed, sick, etc.

**UPDATE**

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

The universe as photographed by Planck telescope

Stacy Summary: Pretty cool.

From MaxKeiser.com Images
Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver