Loading ...If somehow the CIA managed to knock off Putin absolutely all hell would break loose.
oops! Combine this with China’s new found influence in the gold fix arena, and maybe gold still has some game
US Attacks “Closest Ally” UK For “Constant Accommodation” With China
Submitted by Tyler Durden on 03/13/2015 13:24 -0400
On the heels of a diplomatic spat between Hanoi and Washington regarding Russia’s use of a former US air base in Vietnam to refuel nuclear-capable bombers on the way to conducting “provocative” runs in the Pacific, we get yet another, larger, sign that it may indeed be the US that’s isolated and not (as Western media would have you believe) the Kremlin. The UK (Washington’s “special” friend) has announced it’s joining the Asian Infrastructure Investment Bank, which is essentially China’s answer to the Asian Development Bank over which Beijing feels the US has undue influence.
The bank, which will fund infrastructure projects across the region and may indeed be part and parcel of China’s implicit attempt to establish a Sino-Monroe Doctrine, represents “an unrivaled opportunity for the UK and Asia to invest and grow together,” according to Britain’s George Osborne. Unsurprisingly, the US doesn’t see it that way and although Washington was generously willing to concede that this was the UK’s decision to make for itself, US officials are clearly perturbed that Britain didn’t ask for permission:
A spokesman for the National Security Council says the US will allow the UK to make its own decisions…
“This is the U.K.’s sovereign decision.”
…but the next time David Cameron thinks about appeasing a country that is a possible threat to US hegemony, he really needs to ask first…
“[The decision was made with] virtually no consultation with the US.”
“We are wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power.” — From FT, quoting a senior US Official
Washington was also quick to make clear just what the US’s “expectations” are going forward now that London has made a misguided decision to support an effort to improve infrastructure in Asia:
“We hope and expect that the U.K. will use its voice to push for the adoption of high standards.”
Because this really is all about standards, as the US made clear last year when Washington may or may not have operated behind the scenes to discourage Australia, South Korea, and Japan from joining the bank.
From NY Times:
Washington has expressed reservations about the new institution, on the grounds that it would not meet environmental standards, procurement requirements and other safeguards adopted by the World Bank, the International Monetary Fund and the Asian Development Bank for their lending projects.
But fundamentally, Washington views the Chinese venture as a deliberate challenge to those postwar institutions, which are led by the United States and, to a lesser extent, Japan, and the Obama administration has put pressure on allies not to participate…
South Korea and Australia, both of which count China as their largest trading partner, have seriously considered membership but have held back, largely because of forceful warnings from Washington, including a specific appeal to Australia by President Obama.
But as one official from the rival Asian Development Bank told The Times: “This horse is out of the barn.”
And that means in short order Australia and South Korea will likely be on board and at that point, the stigma the US has created around membership will have completely disappeared (if it hasn’t already), opening the door for other US “allies” to join despite the bank’s alleged “low” standards.
So again we ask: “Who’s really isolated?”
Ororeef
Yeah I figured out it was private just not what it meant just at first thought Yike. Got a offer to work wound clinic there once but passed although not all bad as far as doctors just overwhelmed and have to worry about super infections and staffing issues. Private can sometimes be the best cuz they have newest procedures care and not just stick to old ways when new ways can be better and sometimes less invasive meaning less complications more about their work.
goldielocks @ 13:31 clarification
By “Va EYE INSTITUTE” I meant “Virginia”,NOT Veterans that would be scarey !!
Ororeef
Yea don’t blame you for being scared either way. Good you checked around. Shame for that doc having staffing problems. Wonder what’s the cause? Male friend kidnapped me once to accompany is mom to one lol but she was braver than him about it but she didn’t mind me being around. Looked a little scary her procedure she was awake. Not my field. All this reminded me of one of the times someone up north asked me to check on his dog who was cut down the chest area. He stiched him up with fishing wire. Some back woods guy cut him for getting loose and in his trash. He wanted to know if it was okay and how long to leave the stiched in. Frankly a doctor couldn’t of did a better job. Any way when you said VA first that scared me cuz as a kid had a bad experience with them stitching up my foot they are merciless even to kids or were then. Them figured out it wasn’t. Anyway glad it was covered it was a success bit really should rest it for awhile or make the letter bigger.
goldielocks @ 12:26
Got it ! Its been a long fight ..I had to change EYE Dr.s something I was very hesitant to do .
The previous Doc,had lots of staffing problems that cost him patients…I moved onto a place called “Va EYE Institute” ,a place with about 20 eye Docs.and their own Hospital .
Very professional top notch staff including the Surgery Hospital Staff. The Hospital is owned by the EYE Docs. If I had to go to a Reg Hospital it would scare me to death judging from past experience …They take medicare patients too.! I found the right place….
ipso facto @ 9:37 Putin
I hope he has managed to avoid the Polonium exit ! ,and the same fate Arab Spring brought to Syria,Egypt,and Bengazi…..The CIA needs to get under Congressional supervision..sometimes their actions dont bring about the intended results…
Who would replace Putin ?..Thats a scary thing ! He’s not a crazy ,just looking out for Russia ,nothing wrong with that ! Its the US trying to provoke him into making a mistake like a Clint Eastwood “make my Day scenario” .This aint Hollywood we’re dealing with…WE need to avoid personality conflicts with him and get better relations,more business like and more trade !
@ Ispo – RE: “JP Morgan’s Giant Silver Fraud”
Hmmm … why would they do that?
JP Morgan’s Giant Silver Fraud
One reason might be to profit (I hope this is the one)
Another might be to use as a backstop for their paper shorts. In case any goldbug has the nerve to demand delivery, they have a stash to use until they get things back under control.
(this is what worries me)
Ororeef
Glad it went well. Maybe rest that eye for a bit longer and not strain it while it’s healing.
@ Ispo RE: “Bizzaro World Becomes Normality: Germany Issues Five Year Negative Bond”
actually, this is as it should be.
IF we had real money. you should pay to have it safeguarded. you get interest (rent) if you lend it out (put it at risk).
That’s one reason why i never understood the slur “but gold doesn’t pay interest”. yes, gold can pay interest – if you lend it out.
ipso – Weather and poor people to blame.
We need poor people. If we didn’t have them we wouldn’t feel rich and special.
Must read
Hope he isn’t the repub choice this guy needs to be sent packing. Maybe he grew up a informer who was rewarded for blaming other kids whether they did something or not and maybe it was him and turned into a real snot. Wonder if he hurts or neglects animals too has serial killer tendencies?
EyE Surgery
is really one of the best improvments in medicine .I just had my second eye done for Cataracts yesturday..took the bandage off today and all is well .I can read the puter screen without glasses right now! A little blurry in the most recent eye until the drops wear off,but I can already read the lap top screen with out glasses.!They actually implant a new Lens that corrects vision as a permant implant….NO glasses anymore except very fine print since the lens is not as good as natural because it dosent flex like natural lens.Its a big improvement in clarrity and night drive ,GLARE is mostly gone and in a few days as drops wear off might be close to perfect ….YeAAAAA and medicare finally approved it (that took some time to get approved…)
Well it’s good he thinks we have a few years left.
But if it does this I suspect that things will go wacko and be volatile for a few more years after as well as who knows where interest rates will go and who knows what else. Maybe a time you might think do I get in and out after 2017 or just stand back. Ifs
Armstrong on gold
Kinda pass the arrogant initial remarks cuz him bring strictly a city boy does see that even today that gold still has a place as a barter even now. His focus is only making money. He doesn’t mention how if Euro makes a temp bottom on Euro now what affect that will have affect on dollar. I’m currently watching for a temp bottom in gold here anyways but support seems to be a little higher than his that if it reaches that it’s already broke down to test next level. Just watching
Hmmm … why would they do that?
JP Morgan’s Giant Silver Fraud
The market manipulation in Comex silver is by far the most blatant and extreme in the history of all markets.
The paper short interest in May silver is 778% greater than the amount of physical silver available to be delivered, according to Comex records.
Never in the history of any commodity on any commodity futures exchange in the world has the ratio of paper to actual physical been even remotely close to this out of whack.
Suffice it to say that silver is the most manipulated market in the history of the financial markets.
While most of us already know this based on observation, the actual data as reported by the Comex confirms the observation.
Interestingly, JP Morgan has taken delivery of 4.7 million ounces of silver for its “house” account:
more http://www.silverdoctors.com/pm-fund-manager-jp-morgans-giant-silver-fraud/
Flordia Gold @ 10:26…..Maya
@ FG: The birds have begun to sing, my begonias that have wintered indoors are sitting up and taking notice, the outdoor daffodils are in bloom, and I’ve covered the porch swing and chairs so they won’t be buried in a few inches of pollen…more like a harbinger of Spring, but she is a-coming!
@ Maya: So far my favorite train is the Southwest Chief…Amtrak #184. It is so beautiful that I keep it on permanent view on my iPad.
Ipso
Just shows how economically ignorant these people are, like Armstrong said they are lawyers that can just make brain dead laws with no clue how they are making the economies worse in the process. How about all gov workers don’t get paid for a few months to help their liquidity problem.
Yeah about tshtf there’s a good and bad about being there but one of the good of the gov turns against them and directs the police the police already know, they know where they live and have been known to get death threats. Their are eyes everywhere. Comes in handy when you got kids though lol
Moggie
I don’t usually read stuff like that other than what can affect our universe, comets asteroids galactic plains and how cucles can affect humans as in vulnerable but must say yours is rather interesting. Seems to go along with it a bit on the human reaction side.
goldielocks
re: Armed groups in N. CA … certainly an advantage when tshtf.
That’s a good article by Armstrong. I don’t agree with all of his stuff but he makes some good points in that one. I’m sure glad I don’t live in NYC … although this type of thing will probably spread throughout the US.
Did you see this article? Makes me shake my head! Slavery dead ahead.
Europe Has A Modest Proposal For Greece; “Don’t Pay Wages For One Or Two Months”
Ipso
Well I’ll tell yeah about certain places but not to much to protect the equalizers. There are people around there and elsewhere met a few of them and they sometimes don’t even like American new comers let alone people like ISIS. They can make people disappear. I remember there were some people in northern cal these hard core druggies bothering me and a few other people and they blew up their truck. These people although pro arms people like Obama won’t stop them from arming themselves. They can make their own guns including machine guns. Muslims would do well to stay away. They are also known to huntt people to the ends of the earth. They may sound scary but actually their bonds so stong you feel like your with family in some cases better than family.
Armstrong on a roll on how Govs turning on their people. Greece wants tourists to inform on vendors for tax reasons so won’t be going there anytime soon. Speaks of Germany DAX kinda late as it didn’t correct with the others yet. And now NY wants their people to inform and giving incentives. Maybe these people haven’t figured out what goes around comes around or that golden rule ” Do unto others as you would have them do unto you.” They must think their beyond reproach. Just plain sick.
Governments Are Broke Now they Are Turning People Against People
WOW! We are truly down the rabbit hole!
Bizzaro World Becomes Normality: Germany Issues Five Year Negative Bond
Nathan McDonald for Sprott Money
The luxury of paying your government to hold your money, once thought as absurd, hilarious and downright preposterous is now a reality.
For the first time ever, Germany sold five year debt at a negative interest rate. You heard that correct, German citizens and investing institutions that wish to buy government debt in Germany, will be paying the government to hold THEIR money!
Not only does this exist, but it was a success! Last week, Germany successfully sold €3bn worth of five year bonds at a negative interest rate of 0.8 percent.
The reason for the success, is the greater than expected QE announcement by the ECB, who announced last month that they would be entering into a €60bn per month repurchasing program. Essentially telling investors that no matter the price, we’ll buy your bonds.
You can chalk this movement up as one more folly of government intervention. Another artificial market has been created, a market that will add little to no value to investors, other than speculators who are simply hoping the government will re-buy the bonds at a higher price.
Yet, investors have it all wrong. Those with the fortitude and the ability to see further than a month to month basis (an affliction that appears to affect almost everyone on Wall Street), will move into gold, knowing that these bonds are not a safety measure, but a Ponzi scheme hidden in plain sight.
Another sign that should not be taken lightly is the fact that interest rates are moving into negative territory, not only Germany, but a number of other Eurozone countries, such as France, Belgium, Finland, Denmark, Switzerland, Netherlands, Sweden and Austria.
It’s on account of the “strong” economy
UMich Consumer Sentiment Tumbles, Misses By Most Since 2006; Weather & Poor People Blamed
goldielocks
I’m glad there’s not really ISIS in Nevada! 😉
Will reality pay a visit?
The New London Gold Fix And China’s Gold Strategy
Tyler Durden’s pictureSubmitted by Tyler Durden on 03/12/2015 22:32 -0400
This month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange’s trading platform on 20th March.
From 1st April the Financial Conduct Authority will extend its powers from regulating the participants to regulating the fix as well. This will transfer price control away from the bullion banks allowing direct access to the fixing process for all direct participants and sponsored clients.
From this flow two important consequences. Firstly, the London market is changing from an unregulated to a partially regulated market, reducing room for price manipulation. And secondly, the major Chinese state-owned banks, assuming they register as direct participants, have the opportunity to dominate the London physical market without having to deal through one of the current fixing banks. No announcement has been made yet as to who the direct participants will be, but it is a racing certainty China will be represented.
Implications of becoming a regulated market
Under the current regime a buyer or seller on the fix has to deal through one of the four fixing bullion banks. The information gained by them from seeing this business is crucial, giving them a quasi-monopolistic trading advantage over all the other dealers. Instead, buyers and sellers will be anonymous during the auction process.
The new platform should, therefore, ensure equal opportunity, eliminating the advantage enjoyed by the fixing banks. Crucially, it will change market domination from the privileged fixing members in favour of the deepest pockets. These are almost certain to be China’s through the state-owned banks which already control the largest physical market in Asia, the Shanghai Gold Exchange (SGE).
more http://www.zerohedge.com/news/2015-03-12/new-london-gold-fix-and-chinas-gold-strategy