sovereign debt is now laid bare for all to see.

http://www.zerohedge.com/news/2014-08-20/argentina-stuns-bondholders-scorched-earth-cramdown-plan

What everyone is so afraid to ask has just happened. A sovereign entity has changed the rules. This is of course coming to the rest of the globe, right Japan? What say you now banking cartel? Argentina has been high yield easy money for internation usury firms, now not so much.  I just wonder if this isn’t the first pin prick to the global sovereign debt bubble.

Grant Williams – Why Gold Is Headed Into The Stratosphere

“But if you look back at the 1970s there is one crucial turbocharger to the gold market that was missing at that time which is in place today. Back then the Asian central banks had no reserves. So you saw this crazy run-up in the gold price, without the participation of the rest of the globe.

But now these Asian countries and their citizens want to buy and own physical gold. When you look at these Eastern countries now, after the last 25 years their reserves have gone from $300 billion to $5 trillion. And these people want to swap that fiat currency for gold. So this time around when you get any kind of run-up in price, you will be competing to buy physical gold with a lot of entities in Asia who are holding a great deal of cash and who would much rather own physical gold than paper money.

So when we get to the stage where central banks finally lose control of all these things they are trying to keep in certain ranges such as inflation, bond markets, and currencies, once they start to lose control and people begin moving aggressively into gold again, you will see that an incredible amount of firepower has built-up that will want to buy and take physical gold off the market.

And so it’s going to be very, very interesting when we see where the price goes as there is this rush to own gold because I think we are going to see some really incredible movements in terms of price.”

Thanks for the ongoing market insights.  I find them informative.

PS: This is the tightest the BB have ever been in GDXJ

I knew there was just something about living where we do.  I feel rich, I tell ya, rich!

Now you’re getting it.  Things are very different in the US.

Ironic that you would follow my post last night with that.  It is one piece of information that I was referring to, but refrained from mentioning because I’m not sure at this point whether it is officially confirmed, or just (what I believe is) from a reliable source.  There will be more.

If history is our guide gold has a problem!

This is a one year consolidation chart of the most important cross rate. Will gold break the shackles?

She likes to eat.

Trouble
Oh, trouble, move away
I have seen your face
And it’s too much for me today

A Black man who sees the world a bit differently than most Blacks. I say Bravo to this guy!

https://www.youtube.com/watch?v=B092acMImJE

Gold trading:

Gold had a firming tone throughout the night and reached its zenith at the first London gold fix (3 am) at $1302.20 and from that point it was all downhill as gold finished the day at $1295.50

As I have pointed out to you, the bankers continue to whack gold trying to influence silver as they are concerned with it’s high open interest resting tonight at 165,052 coupled with a low price of $19.42. This is totally incompatible in the real world. Somebody or some big entity with deep pockets (hint: sovereign China) is willing to take on JPMorgan and their crooked bankers. JPMorgan knows quite well that the regulators:

1 are not watching
2. will not watch

the comex data.

So it is battle to the finish!!

Ladies and gentlemen:

Something big is going on in silver, and this should unravel shortly.

http://harveyorgan.blogspot.com/

UPDATE: Officer Darren Wilson Suffered Severe Facial Contusions After Severe Beating During Mike Brown Attack

While I am as concerned as anyone else about the development of a police state in America, that is not what this incident is about.  As I stated in my post at 14:52, there is a lot of disinformation floating around, and a lot of evidence yet to surface.  I’m pretty sure I have seen and read much more about it than anyone else on this forum, and I feel confident in telling you that it was not an execution and it was not about stealing candy bars.  That is an ill-informed and flippant description of some other crime; not this one.

And Portugeezer, Rich, sorry, but it wouldn’t have ended with a warning shot or one in the leg.

There are several good reasons why it might take six shots or more to stop some people in some circumstances, and I believe it will come out as more facts surface.  Anyone who knows anything about pistols and firing at moving targets, even when not under duress, would already have an answer without even specifics of any given incident.  Stay tuned; there’s more to come.

How many times have we been told the insiders are selling, yet the stock market keeps rising! Or in the gold market, we go down one more time , then we go up! I wonder how many of us will live to see the day!

I hand load a mean 45 long colt round. If it’s to be fired in a modern large frame revolver, I use 44 mag data.

check is in the mail along with a few copies of a newspaper.

rno

environmental assessment, and the Mount Polley tailings pond break is having a contagious effect on other mining projects throughout the province.

http://thetyee.ca/News/2014/08/19/Polley-Spill-Probe/

That there was a quote from a friend. Regarding all the girls, and girlymen that are cops. Ex marine in Vietnam, joined the police force, and worked his way up to under cover, and retired.

My nephew, joined the NYC police because his father a NY fireman, told him to, for the benefits. This kid was NOT police material, and he figured that out after about 5 years, and did the right thing. Got into a different occupation.

In my village, we have cops that get their sister in. Most of the cops THESE days are simply not police material. They are too afraid, and don’t have the right mentality for it. You need to be naturally street wise, and tough. Being big and strong is also a plus.

When the bozos gave away all our manufacturing opportunities, it forced people into other jobs, like men being nurses, and woman on construction sites. The bozos turned the whole place up side down and backwards.

how much of the information about these positions is disinformation?

Buygold – it takes less than a few seconds to empty whatever style of handgun was used

even if one shot was done with the target leaving and then turning toward you – the rest would be spent in seconds

aurum

I mentioned steel stocks broke out and here the BDI has gone straight up.

Are we going to see a burst of inflation?

George knows! Do you?

This past week we saw the hedge fund industry release their 13F filings which showed their holdings as of June 30th. The most famous and arguably the most successful hedge fund manager is George Soros. If you know about George Soros, you may or may not like his politics or his beliefs, I personally don’t. No matter what you think of the man, he does know how to make money on large outsized moves which have a tendency to happen in very compressed timeframes.

Going back to 1992, Mr. Soros made a very outsized bet against the British pound. He levered into a $10 billion short position and “won”. It has been said that “he broke the Bank of England” when they were forced to devalue. Soros made $1 billion on this adventure.

The latest 13F holdings report showed that Soros nearly doubled his short position betting heavily against U.S. equities. He also holds a large position in the ETF GLD and has outsized option positions betting on junior miners so it’s apparent he believes in the merit of gold. Is he right? Does he “know” something that we don’t know? He is positioned for a crash and will profit when one occurs. To answer the question, I believe yes, he probably does “know” for a fact what is coming to pass. He has the ability to speak with presidents, prime ministers and central bankers at will. Has he been told that the banking or financial system is already upside down or that a war is going to take place? My guess is probably yes, he knows and has been advised. Even if this is not the case, the man is smart and can see for himself…just as we can.

http://www.naturalnews.com/046504_Diaspora_Unseenis_uncensored_information.html

Unseen.is is from Iceland and is suppose to be an unmonitored social site like Facebook without the NSA involvement. Anybody have any comments on these two sites or opinions?

Eric Holder Releases “Message To The People Of Ferguson”

Submitted by Tyler Durden on 08/19/2014 17:30 -0400

Authored by Eric Holder, via The St.Louis Post-Dispatch,

Since the Aug. 9 shooting death of Michael Brown, the nation and the world have witnessed the unrest that has gripped Ferguson, Mo. At the core of these demonstrations is a demand for answers about the circumstances of this young man’s death and a broader concern about the state of our criminal justice system.

At a time when so much may seem uncertain, the people of Ferguson can have confidence that the Justice Department intends to learn – in a fair and thorough manner – exactly what happened.

Today, I will be in Ferguson to be briefed on the federal civil rights investigation that I have closely monitored since I launched it more than one week ago. I will meet personally with community leaders, FBI investigators and federal prosecutors from the Justice Department’s Civil Rights Division and the U.S. Attorney’s Office to receive detailed briefings on the status of this case.

The full resources of the Department of Justice have been committed to the investigation into Michael Brown’s death. This inquiry will take time to complete, but we have already taken significant steps. Approximately 40 FBI agents and some of the Civil Rights Division’s most experienced prosecutors have been deployed to lead this process, with the assistance of the United States Attorney in St. Louis. Hundreds of people have already been interviewed in connection with this matter. On Monday, at my direction, a team of federal medical examiners conducted an independent autopsy.

We understand the need for an independent investigation, and we hope that the independence and thoroughness of our investigation will bring some measure of calm to the tensions in Ferguson. In order to begin the healing process, however, we must first see an end to the acts of violence in the streets of Ferguson. Although these acts have been committed by a very small minority — and, in many cases, by individuals from outside Ferguson — they seriously undermine, rather than advance, the cause of justice. And they interrupt the deeper conversation that the legitimate demonstrators are trying to advance.

The Justice Department will defend the right of protesters to peacefully demonstrate

http://www.zerohedge.com/news/2014-08-19/eric-holder-releases-message-people-ferguson

 

yeah, I’m 170 too and I agree with you, I’d empty my gun. We aren’t in the position to know what happened, nor do we have the resources available to police. I have a concealed carry permit and if a 6’3″ 300 lb guy charged me I’d empty my Glock 10mm into him as well.

We aren’t cops, at least I’m not, so I don’t carry a taser, nor do I have the option of calling back up. If the guy walked away, would I tell him to “freeze”? I don’t know, maybe, but I’m sure I would’ve called back up before doing so. There are certain situations where cops have no choice, maybe this was one of them, but I’ll say this, in the last several years there have been a lot more situations where police have been excessive than not, IMHO.

I live in a small town and our police and sheriff have found it necessary to apply for and get a “bearcat” armored vehicle. I’m wondering why? Whether we like it or not, police are becoming militarized and I’m not sure that’s a good thing.

As always, JMHO.