Sunday, April 20, 2014
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I became seriously attracted to the precious metal sector around the middle of this decade - through my own, personal investing. After publishing an amateur blog for about a year, I became acquainted with C.J. McNamara and we decided to form Bullion Bulls Canada at the end of 2008.

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University of British Columbia
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1989 (Llb.)
Jeff Nielson
Jeff Nielson
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Jeff Nielson replied to the topic Ukraine double-standard again on display in the forums.
When a group of Thugs pulled out guns, and staged their coup in Ukraine several weeks ago; "everybody" (at least almost everyone) thought this was a great idea: the Thugs, themselves; their Western puppet-masters; and (as usual) the flock of parrots in the Corporate media.

But if you don't like/agree with the Thugs; then suddenly "everyone" thinks politics-via-a-gun-barrel is a bad idea: the Thugs; the Western puppet-masters; and (of course) the flock of Parrots.

And so while the Thugs inside Ukraine are once again making more threats toward "pro-Russian separatists"; the Thugs outside Ukraine are making more threats toward Russia.

There is barely even any effort made at a pretense of legitimacy any longer. Might is right. And the "truth" is whatever can be broadcast the loudest and the longest...

Ukraine calls 'Easter truce' as separatists hold firm

(Reuters) - The Ukrainian government said it will not attack pro-Russian separatists over the Easter weekend as its U.S. ally threatened Moscow with new sanctions if it fails to persuade the militants to surrender.

The Kremlin denies having control over gunmen who want their eastern regions to follow Crimea in being annexed by Russia. Moscow scolded Washington for treating Russia like a "guilty schoolboy" following their agreement in Geneva on Thursday that Ukrainian militants should disarm and vacate occupied buildings.

Ukraine's government, short of effective forces, has shown little sign of trying to recapture the dozen or so town halls, police stations and other sites seized over the past two weeks, despite proclaiming the launch of an "anti-terrorist operation"...
12:17 PM
Jeff Nielson, robinsld, Jeff Nielson replied to the topic Re: The Daily Grind... in the forums.
robinsld wrote:
Jeff Nielson wrote:
Wow! No reaction at all to my latest commentary. Tough crowd.
OK, I'll bite.

I found it interesting to consider the possibility that COMEX was already out of either gold or silver. And the way ETFs are used to BOOST "inventories" instead of drain them is clearly fraudulent.

However, settlement in cash is built into the contracts which comprise the futures markets, so there is no technical "default" possible. Until people stop using COMEX to purchase gold and silver, the scheme will simply go on, potentially ad infinitum...

Robinsld, this is the MYTHOLOGY which the bankers and their parrots in the media try to peddle. There is two ways to demonstrate this is a fictional (and absurd) depiction of these markets.

First of all; there is what these markets are: METALS futures markets, where paper is used in lieu of metal to facilitate trading. These are not PAPER futures markets, where metal is collected in warehouses to facilitate the trading of paper.

We already have a million-and-one markets for trading paper. These are metals markets, plain and simple. Then we have the procedural explanation.

EVERY month in these futures markets; the traders place their orders over the course of the month. Then at the end of the month, there is a second, official phase. This is where BUYERS elect whether or not to "stand for delivery".

That's it. There's no "third phase" (lol); where the vendor/operators 'decide' whether or not to honour their contracts.

Yes, I've heard banking officials talk in such silly terms -- but not "officially". They can't. The day they claim that the sellers can "elect" whether or not to deliver what they're selling (lol) is the day we have Decoupling -- because on that day it will be evident to EVERYONE that there is no longer any legitimacy (or reality) in these markets.

08:41 PM
Deepcaster created a blog entry Unspinning the Spin...




“Former Assistant U.S. Treasury Secretary, Paul Craig Roberts, speculates that the U.S. Government has recruited its satellite countries, like Belgium, to compensate for the ‘tapering’ being done with purchases of U.S. Treasuries by the Federal Reserve.”

“U.S. recruits satellites to compensate for Fed’s ‘tapering’ Roberts tells KWN,”, 04/16/2014

Indeed, “Tiny” Belgium is now the holder of the third largest Hoard of U.S. Treasuries. Fancy that!

It appears the Fed’s “Tapering” is being at least offset by Belgian Buying.

This and other shenanigans like Bogus Official “statistics” (see Note 1 re make the 2013 Equities Bull Run and the recent Equities Market Sell-Off unsurprising to us.

Indeed, much of our writing is devoted to separating Truth from Spin in order to facilitate more Profitable and Wealth Protective Investing. Thus we offer the following mini-buffet.

Regarding one Major Untruth –that the U.S. Economy is recovering – the Reality is quite the opposite. Indeed, one consequence of the Non-Recovering U.S. Economy is the ongoing Impoverishment of the American Middle Class.

Clearly, (and especially in Inflation-adjusted terms) the Real Median Income of U.S. Households has dropped dramatically since 1989, and since 2007, because U. S. Unemployment is High (23% per – Note 1) because American workers are competing against low wage Foreign and Immigrant Labor and because the Economy is not recovering.

“Median U.S. Household Income in 1989 - $51.682

“Median U.S. Household Income in 2007 - $55,000

“Median U.S. Household Income in 2012 - $51,017”

Figures are NOT Inflation Adjusted.

Richie King, Quartz, 2014 Data from U.S. Census

Even worse, because the Purchasing Power of the U.S. Dollar has dropped dramatically in recent years (and The Cause is primarily Fed Money Printing and Fed Credit Bubble facilitation), Americans’ Standard of Living has diminished far more than the nominal Income Numbers would suggest. Thus Americans’ Constrained incomes and the Non-Recovering Economy are suppressing corporate Earnings and Prospects.

But the recent Equities Sell-Off and Mixed (at best) Economic Numbers raise the question “What’s Next?” Is it the beginning of a Great Crash, or a New Rally? We answer these questions in the context of our Forecasts, including Timing Forecasts; and most important, we make recommendations for Profit and Protection in light of these forecasts in our recent Letter and Alerts.

One Key Consideration for the U.S. and International Economy, and therefore Equities Market performance, is that Consumption continues to be Constrained because of continuing Impairment of Structural Consumer Liquidity. Diminishing Real Wages and High Debt loads are The Culprits. Therefore, any Recovery is thus prevented. The same is true of other Major Developed Economies.

Bottom line: The Economy is not recovering (cf., see Note 1) and not likely to recover so long as consumer liquidity is impaired.

A related important Point is that Consumers have not been helped by successive doses of Central Bank QE, notwithstanding Fed and other Central Bank Spin to the contrary.

This is not surprising since QE is aimed at propping up Financial Institutions, (several of which own the Private for-Profit Fed) not (contrary to Bank Public Pronouncements) at helping “Main Street.”

Important to note is one (of several) Quite Significant Deleterious Effect of ongoing Fed QE.

The most Important Deleterious Effect of Ongoing QE is the ongoing Destruction of the World Reserve Currency Status of the $US.

From a Multi-Year Perspective, we have recently had an Harbinger of what is to come as the $US value (basis USDX) dropped below 80. Even the Chinese, who hold Trillions in Dollar Denominated Assets are hurt by the diminished purchasing power of the $US.

This recent $US drop was occasioned in part by decreasing U.S. Purchasing Power Parity. Again, Real Wages have been falling. And unpayable Debt has been rising.

And, Ongoing QE (i.e., Money Printing) is the Primary Culprit.

Fed Policy is destroying the $US as the World’s Reserve Currency, and inflicting a Credit Monster of Excess Debt on the World. The Fed-led Transformation from the Savings-funded Economy of a few decades ago to a Debt-funded one is not sustainable since debt loads of Key Sovereigns have become unpayable.

And if intensifying U.S. Sanctions against Russia impel Russia to begin to accept payment for Russia’s oil and Gas in currencies other than the $US and/or if China pays for Iranian oil and Gas in Yuan, the Demise of the $US will be hastened.

In any event, long-term, since The Fed (and other cooperating CB’s) will have to continue, and increase, QE again to keep interest rates down and Equities propped up a while longer (cf., the already ongoing debasement of the $US Purchasing Power as a result of the Ongoing Currency Wars will become increasingly evident. Therefore at some point the ongoing modest selling (i.e., refusal to support or purchase) of the $US by Sovereigns will turn into a Rout (as will selling of U.S. Treasuries), likely resulting in the collapse of US Treasury Securities Values as well as the displacement of the $US by the Gold-Backed Chinese Yuan as World Reserve Currency. That is where we are headed, like it or not. In other words, the Winners in the Currency Wars will be the Holders of Tangible Assets ¾ Gold & Silver above all, as well as Agricultural and certain (but not all) Energy Assets.

Of course, The Big Winner will likely be China which is importing Huge Quantities of Gold and acquiring Tangible Assets around the World.

And, unspinning the Spin on the Equities Front, consider that Equities are generally overvalued, overhyped (especially the Tech/Social Media Sector which is why we correctly, earlier, warned about Facebook) and supported by Central Bank QE, and “Communications Policy” et al. This recent little Tech Takedown is just the beginning of the Popping of the Tech Bubble. Before it is over it will be worse than 2001-2002.

Billionaire Carl Icahn is correct when he says current Equities levels are “a Mirage.”

Thus we have recently answered the question whether Equities will still have one “Last Gasp Rally” before a Great Crash begins. Consider that the Fed is still engaged in Market Intervention via QE, albeit in Reducing levels, and the Recovery Fiction has been “sold” to most of the Retail Public. [Indeed, our recently recommended profitable Trades have been facilitated by attention to such Interventionals as well as Fundamentals and Technicals (Note 2).]

In any event, we expect the spikes up to be punctuated by Spikes down as Investors realize stocks are quite overvalued. The recent Mini Crash of the NASDAQ is but one example.

As a final dose of Unspun Reality Therapy, consider that the Equities Market will not be helped by Ostensible Job “Growth,” Noah Sugarman via Greg Guenthner explains why: “It turns out that private sector job gains have lagged the growth in adult working age population since 2008,” explains Rude researcher Noah Sugarman. “In 2008, there were about 2 working-age adults for every private sector job. Today, that ratio has widened from 2 to 2.13. That means we’d actually to total more than 123 million jobs to really get back to where we were before the recession.”

In closing it is important to reiterate our earlier observation that the Shortage of Physical Gold is intensifying. Asian, and especially Chinese and Indian Buying, and taking Delivery of Physical continues at Record levels.

Couple that with China’s record January, 2014 lending (i.e., credit creation) year over year (also a 4 year high) and China’s Credit Bubble and Fed Chair Yellen’s promise to Open the Monetary Spigots in the event of a slowdown, and one can see why Gold and Silver have been rising this year until very recently. Inflation is not only already here, with Real U.S. CPI at 9.20% (cf. but it is now becoming visible on the Horizon. The Great Launch up is coming notwithstanding ongoing Cartel Price Suppression (Note 3) and other Mega-Bank attempts to diminish Investor interest in Gold and Silver.

Looking above, beneath and beyond Main Stream Media Spin is essential for Profit and Wealth Protection.

Best regards,

April ­­18, 2014

Note 1: * calculates Key Statistics the way they were calculated in the 1980s and 1990s before Official Data Manipulation began in earnest. Consider

Bogus Official Numbers vs. Real Numbers (per

Annual U.S. Consumer Price Inflation reported April 15 , 2014
1. 51 %     /     9.20 %

U.S. Unemployment reported April 4 , 2014
6.7%     /     23.2%

U.S. GDP Annual Growth/Decline reported March 27, 2014
2.59%        /     -1.40%

U.S. M3 reported April 15 , 2014 (Month of February, Y.O.Y.)
No Official Report     /   3. 77 % (i.e, total M3 Now at $15. 725 Trillion! )

Note 2: Our attention to Key Timing Signals has facilitated Recommendations which have performed well lately. Consider our six most recent * :

  • 75% Profit on Crude Oil Call on April 14, 2014 after 13 days (i.e., about 2000% Annualized)
  • 60% Profit on Water Management Company on March 3, 2014 after 454 days (i.e., about 50% Annualized)
  • 100% Profit on Crude Oil Call on February 10, 2014 after 27 days (i.e., about 1400% Annualized)
  • 30% Profit on Equity Index Puts on February 5, 2014 after 8 days (i.e., about 1440% Annualized)
  • 55% Profit on Water Management Company on January 15, 2014 after 406 days (i.e., about 50% Annualized)
  • 140% Profit on Equity Index Call on December 27, 2013 after just 10 days (i.e., about 5200% Annualized)

*Past Profitable Performance is no assurance of future Profitable Performance.

Note 3: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

01:32 PM
2 days ago
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money: in the forums.
Here's a new one I did for Sprott Money. While regular readers may spot a familiar theme in that title; the data and subject matter certainly go beyond anything previously written on this subject...

Citizens Versus Serfs: The Swiss Example

One of the hallmarks of my writing is the ability to spot and identify patterns. Sometimes these are numerical/economic patterns. Sometimes they are behavioral patterns.

In the latter category is a regressive and alarming pattern which can be observed on both the individual and collective level: the worse that our (increasingly oppressive) governments treat us, the worse we allow ourselves to be treated. More to the point; the worse our governments mistreat us, the more we act like we deserve to be treated this way...
11:13 AM
Jeff Nielson, Jeff Nielson, Jeff Nielson replied to the topic Re: The Daily Grind... in the forums.
It's Thursday April 17th, and after some re-examination and an unscheduled "hiatus" (lol); we're back online.

Though the response was rather tepid, the attitude around here seems to be that readers want me to continue this dialogue (and this site), and so it's "back to business". And the first business at hand is "yesterday's" commentary.

Phantom Gold Inventories: Has The Comex Already Defaulted?

We were knocked off-line about 10 minutes after yesterday's commentary went up; so readers will forgive me if sometimes it appears to me that the people who "appreciate" my work the most are the Banksters, themselves.

Why was the One Bank so eager to knock us off-line yesterday that they did so after not having time to do anything more than see the title? Because of all the things which I write about; the two (closely-related) subjects which the Bankers never want people reading about are their fraudulent bullion "products", and the rampant inventory-fraud, which allows them to pretend that there is still "plenty" of metal in their warehouses.

If you look through all of the roughly 1,000 commentaries on this site; you will see that only a handful have the lowest, or near-lowest ratings. By "coincidence"; these are all commentaries about the fraudulent bullion-ETF's and/or the Bankers' inventory-fraud.

But look more closely, and you'll see that in every case (except for my most-recent "bullion-ETF" commentary) they all have ten times as many votes. The Bankers sent HUNDREDS of their "trolls" to our site to do nothing more than vote-down my commentaries on the (fraudulent) bullion-ETF's and their inventory-fraud.

That's why the One Bank has made such a concerted effort to have me censored from any/all mainstream outlets (and even GATA).

GATA Now Funded With Rothschilds’ Dirty Money

[Readers will note that this commentary, too, is now getting a suspiciously high number of votes (in comparison to other commentaries) -- as it's rating is "mysteriously" dragged lower.]

There you have it folks: the most-regular "participants" on this site are the Trolls sent by the bankers. THEY "vote" on my commentaries by the hundreds (you can only vote once) while regular readers (at best) vote by the dozens.

Perhaps this will help readers understand my (and Chad's) frustration, as we see people (seemingly) snooze-through the content we work so hard to put out; while the BANKERS do anything/everything in their power to try to stop people from seeing this content. But I digress.

Why does the One Bank especially hate it when I talk about their fraudulent bullion-EFT's, and the silly (and transparent) games of inventory-fraud which they play in these markets? Two reasons. First of all; all their lies about this sector, and most of their manipulation is tied in to this closely-intertwined labyrinth of fraud.

And the second (and perhaps more important) reason why the One Bank is rabidly opposed to allowing anyone to read what is in yesterday's commentary is because I'm the only commentator covering these subjects in any depth. Indeed; if my suspicions are correct, we've already had (unofficial) inventory-default in the Comex gold market, and this would likely mean the same thing has already happened in the silver market as well.

If so, if we're already past inventory-default; what then? This is why when I've talked/written about "the end" of the Banksters' market-fraud in this sector that I have talked about inventory default or Decoupling (again, alone among all commentators).

"Inventory default" would/could only be a means of ending this game of fraud/manipulation if our markets remained quasi-legitimate -- i.e. if our governments and regulators actually acknowledged that inventory default when it occurred.

Here we see the ANSWER to the metaphorical question: if a tree falls in the middle of a forest, does it "make a sound"? If gold and/or silver inventories default, but no one is allowed to see/know about it; do we have an "official" default? Answer: not while the One Bank remains Puppet Master of our governments and regulators.

And this brings us back to Decoupling, where once again, I'm "banging the drum" here all alone.

Decoupling In Precious Metals Markets
Gold Market Secretly Decoupling

Given the massive (and ignored) financial crimes of the One Bank which we see in virtually every other facet of our markets; I was always aware of the possibility that these Criminals could simply prevent any default-event from ever being officially acknowledged/registered.

Black is white. Up is down. Hot is cold. We may have already had gold (and silver) "default" in these banker owned-and-operated markets; but with our governments and regulators nothing but bought-and-paid-for tools of the One Bank, it's simply business as usual.

But the Banksters can do nothing about about Decoupling, because (as a matter of definition) it's an event where people ABANDON their paper-fraud markets -- and take their money with them. This may explain why the One Bank did a sudden, 180-degree turn, and is once again allowing official gold imports back into the country.

As I noted in the second of the two commentaries above; the One Bank is terrified at the thought of the world's largest gold market VISIBLY "decoupling from" (i.e. abandoning) the Banksters' paper-fraud markets. As it is; we already have unofficial "decoupling" in that market.

(Price-conscious) Indian bullion-buyers are happy to buy their gold and silver at the (fraudulent) prices generated by the Banksters paper bullion markets -- but they only buy/sell real bullion. Thus we see how quickly/easily the Indians simply moved into the blackmarket to get their gold.

Better to allow them to buy it openly/officially...but for how long? As I have written here again and again; ultimately we will simply run out of metal -- one day soon. We know that day is coming soon because (as I note each time I see it) the actions and lies of the Banksters and their minions reflect increasing desperation.

Thus with the price of gold already below the (real) cost of production; we have the liars of Goldman Sachs insisting that the price of gold is going to $1050, as reported at Basher Central. It's why we have the same fiction-writers at Kitco writing that gold inventories are now "abundant", because after the (fraudulent/phantom) "inventories" at the Comex officially plummeted by 80% that they have now recovered by about 2%.

The lies didn't use to be as silly/obvious/absurd because the One Bank (and its minions) were not previously nearly as desperate as they are today. We didn't use to have a Wonderland Matrix.

While the fiction-writers in the Corporate Media have been exaggerating/twisting the truth for years (decades); it's only recently that they have begun to write the COMPLETE OPPOSITE of what is really happening.

When the U.S. economy is losing more and more jobs but the liars write that it's gaining more and more jobs; that's desperation. When the U.S. economy is shrinking more and more rapidly, but the liars claim it's growing more and more rapidly; that's desperation.

This is why I encourage readers to not allow themselves to become discouraged by these Hostage Markets. I can see the "change" taking place here, even as the One Bank and its liars work harder and harder to obscure this truth with ever-larger and more-outrageous lies.

"It's always darkest before the Dawn."

Readers may regard this as nothing but a corny cliche, or perhaps even mere bluster. However, it's one of the most time-tested Contrarian "truths". What has been the best/most-accurate indicator of when gold and silver markets are about to explode higher (over the last 13 years)? When "sentiment" has hit absolute rock-bottom.

The only tricky thing about predicting such turn-arounds is that it's only possible to precisely identify "rock-bottom" in hindsight (lol!). This is why we never "gamble" in these markets (i.e. use leverage), we only invest.

Goldman Sachs Reiterates Call For $1,050/Oz Gold At Year-End

Goldman Sachs reiterated its call for gold to fall to around $1,050 an ounce by year-end due to a recovering U.S. economy.

Prices rose sharply for most of the first quarter due to softer U.S. economic data, Chinese credit concerns and geopolitical tensions surrounding Ukraine, Goldman said in a report released late Thursday night.

“While further escalation in tensions could support gold prices, we expect a sequential acceleration in both U.S. and Chinese activity, and hence for gold prices to decline, although it may take several weeks to lift uncertainty around this acceleration,” Goldman said. “Importantly, it would require a significant sustained slowdown in U.S. growth for us to revisit our expectation for lower U.S. gold prices over the next two years.”

In particular, Goldman said it sees potential for 10-year TIPS yields to rise, thereby hurting gold. However, the bank said with the Federal Open Market Committee tapering its bond-buying program known as quantitative easing, any decline in gold will be data dependent and hinge upon U.S. economic releases.

U.S. economic data have been softer so far in 2014, but Goldman economists mostly see this as weather-related due to a harsh winter and look for economic growth to accelerate for the remainder of the year, the firm said. However, the bank said it could take several more weeks, until April economic data is released, to get confirmation that the economy is in fact picking up...

Goldman said it expects any decline in gold to be a data-driven “grind
lower” as market participants get progressive confirmation of U.S. growth acceleration. Such price action would be a contrast to the sharp sell-off in 2013, when Goldman said it had a bearish view driven by a disconnect between stretched long gold speculative positioning and stabilizing U.S. growth with low inflation...

Rising Comex Gold Warehouse Stocks Underscore Soft Physical Demand

More signs of soft physical demand can be seen in the rising gold warehouse stocks, gold market watchers said.

As of Monday, the latest data available, total Comex gold warehouse stocks were over 7.92 million ounces, the highest since June 10, when stocks were at 7.97 million ounces, according to CME Group data.

The rise in warehouse stocks, the fall in exchange-traded fund holdings and the continuing discount some Asian physical gold prices have to spot London prices continue to underline the stagnating physical demand for gold, market watchers said.

“Warehouse stocks creep up when the market tends to go lower… There’s not a lot of interest in cash and carry right now,” said George Gero, vice president with RBC Capital Markets Global Futures...
10:51 AM
Auriferous replied to the topic News Release in the forums.
Surface Deep Time Domain Electromagnetic and Gravity Geophysical Surveys Commence at Maniitsoq (Greenland)

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 17, 2014) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the "Company") is pleased to announce that Crone Geophysics of Mississauga, Ontario have mobilized their crews to the Imiak Hill Conduit Complex (IHCC), part of the Company's 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.

Geophysical Surveys Underway

The geophysical survey work now underway consists of surface time-domain PEM and gravity surveys in the Imiak Hill Conduit Complex, where significant nickel-copper-cobalt PGE mineralization has been intersected in drill holes by the company over the past two drill seasons. These intersections include:

• Imiak Hill DDH MQ-13-028: 24.75 metres of near massive to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including; 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM;
• Imiak North DDH MQ-13-029: 55.75m of disseminated to near massive and massive sulphide grading: 1.28% nickel, 0.36% copper, 0.04% cobalt, and 0.03 g/t PGM, including;9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t PGM; and
• Spotty Hill DDH MQ-12-005: 123.94 meters of disseminated, net-texture, to near massive and massive sulphide grading 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) + palladium (Pd) + gold (Au), including: 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.
09:31 AM
4 days ago
You might well be right about Fekete being flushed out of his precious metal holdings, and now seeking to justify it.
He is a theorist, and now into his 80's he may well be taking a different view of the world!
11:27 AM
5 days ago
robinsld, Norbull, Norbull, Jeff Nielson replied to the topic Re: The Daily Grind... in the forums.

I obviously can't speak for others but I have to say I find the idea of NOT replying to your Daily Grind posts in this thread has in the past caused me some angst. These days, I simply read and move on. Were we to be encouraged to post here, add to your thread, perhaps there would be more who would participate?

10:04 PM
Jeff Nielson created a new topic U.S. mortgage-lending hits 17-YEAR low in the forums.
You know that "U.S. housing recovery", or even "housing boom" which so many of the media liars like to drone-on about? It turns out that the U.S. "housing recovery" is about as real as the "5 million jobs" which Barack Obama claims his regime has created, even as the government's own data shows less and less people working.

Now we see reports of a 17-year low in U.S. mortgage-lending -- i.e. even less activity in the U.S. housing market than during the worst months of the original crash.

Black is white. Hot is cold. Up as down. As the U.S. housing depression worsens (and the Greater Depression accelerates); the Liars simply call it "a housing boom"...

The U.S. Greater Depression Exposed, Part I
The U.S. Greater Depression Exposed, Part II

Lending Plunges to 17-Year Low as Rates Curtail Borrowing

U.S. mortgage lending is contracting to levels not seen since 1997 -- the year Tiger Woods won his first of four Masters championships -- as rising interest rates and home prices drive away borrowers.

Wells Fargo (WFC) & Co. and JPMorgan Chase & Co., the two largest U.S. mortgage lenders, reported a first-quarter plunge in loan volumes that’s part of an industry-wide drop off. Lenders made $226 billion of mortgages in the period, the smallest quarterly amount since 1997 and less than one-third of the 2006 average, according to the Mortgage Bankers Association in Washington...
01:32 PM
Jeff Nielson created a new topic U.S.'s Too-Big-To-Fail "club" gets larger in the forums.
Alert readers will recall that it was only a couple of months ago where loyal Oligarch stooge, Warren Buffet, was recently designated as "too big to fail" -- yet another Blackmailer who can demand indemnification if/when his ultra-leveraged gambling in U.S. casinos (i.e. markets) blows up.

Warren Buffet now "too big to fail"

Now we see the Too-Big-To-Fail club apparently about to be extended again, and once again to accommodate another Oligarch stooge, this time U.S. bond-pimp, Bill Gross. Note how this Too-Big-To-Fail game is being played.

The One Bank deliberately-and-absurdly over-concentrates holding of a particular market within one or more of its tentacles -- then after creating this systemic risk, we're told that "our only choice" is to PRESERVE this systemic risk at all costs (and thus pay the never-ending extortion payments).

In this case; in order to invent a new category of Too-Big-To-Fail; the One Bank simply shuffled much of the U.S. bond-holdings of all its tentacles into a single tentacle: Bill Gross' Pimpco.

But readers must never forget the insanity/outrage associated with every facet of this Too-Big-To-Fail blackmail. A major part of the reason why we have a massive regime of "anti-trust laws" is to (supposedly) prevent any corporate entity from ever getting close to a "too-big-to-fail" mass.

The original declaration by these Wall Street fraud-factories that they were now "too big to fail" was conclusive evidence of a massive failure by these regulators to do their jobs. So what happens when a regulator discovers some MASSIVE "omission" in executing its duties?

It corrects that omission -- i.e. it chops these (supposedly) too-big-to-fail entities down to size, and keeps chopping until the word "systemic risk" COMPLETELY DISAPPEARS from their/our vocabulary.

Instead, in our Wonderland Matrix we're told that because of this initial regulatory failure, our "only choice" is to entrench this regulatory failure into our financial system permanently.

This is like a negligent doctor allowing gangrene to set into a leg-wound of a patient. And then after the gangrene has spread; instead of amputating the gangrenous limb, the doctor attempts to tell the patient that the gangrene is now "too big to fail" -- and now must be preserved, protected, and allowed to spread even further.

The entire concept of "too big to fail" is simply a gigantic oxymoron. In any rational/legitimate system; there is only "too big to exist".

Trillion-Dollar Firms Dominating Bonds Prompting Probes

Bill Gross and Larry Fink manage a $3 trillion pile of bonds -- an amount almost as big as Germany’s economy. Their firms, Pacific Investment Management Co. and BlackRock Inc. (BLK), doubled holdings since 2008, outpacing the market’s growth of 50 percent.

Some of the largest hedge-fund firms, including Bridgewater Associates LP and BlueCrest Capital Management LLP, have also more than doubled their investments in debt, data compiled by Bloomberg show. At the same time, Wall Street banks are shrinking their stakes in bonds, Federal Reserve data show.

The lopsided bond market has caught the attention of the U.S. Securities and Exchange Commission. Not only is the SEC examining whether the biggest players get preferential prices and access because of their influence, it’s also worried about what happens when the five-year bond rally ends as U.S. policy makers prepare to raise interest rates...
11:55 AM
Jeff Nielson created a new topic U.S. now "limiting" its cyber-terrorism?? in the forums.
It's now astounding me the things which the Corporate media oligopoly is admitting on a daily basis -- in between all the increasingly large lies. More and more; it appears that the One Bank no longer even sees the need to cover up its evil.

Whenever we've been forced to listen to the U.S. media whine about (foreign) "cyber-terrorism", my retort has always been swift and to-the-point: the U.S. is the world's premier cyber-terrorist -- and by a wide margin. Now we have the U.S. government effectively confessing this fact.

We're told by Bloomberg that:

The White House’s directive to limit the use of software flaws by U.S. intelligence agencies could require the disclosure of thousands of precious exploits now in the hands of elite spying units, intelligence professionals say...

So what are "elite" U.S. spies (lol) doing when they "exploit software flaws"? They are engaging in cyber-terrorism: using malicious software to attack peoples' computers in order to spy on them and/or inflict some form of harm/sabotage on the target's computer.

The point here is that whenever we have the U.S. government promising to "limit" a particular facet of its evil behavior we obviously don't trust these serial Liars. However; by promising to reduce its cyber-terrorism, we do now have the first open/public confession of (one aspect of) the extent of its cyber-terrorism.

...The stockpile of exploits is derived from vulnerabilities not just in ordinary computer software, but also in industrial controllers, heating and cooling systems, printers, anti-virus software, video conferencing systems and encryption protocols.

U.S. cyber-terrorism is clearly systemic, attacking computer users (and their hardware) in virtually every cyber-context associated with the internet. And note that the multitude of "vulnerabilities" in the hands of these cyber-terrorists implies COLLUSION with Corporate America: these mega-corporations allowing their software to be exploited -- and perhaps even assisting these U.S. cyber-terrorists in attacking its (known) weak points.

Then we have perhaps the most-evil part of this confession:

...Richard Clarke, a member of a presidential panel reviewing National Security Agency practices, said the White House issued guidance to the entire intelligence community three weeks ago largely in line with his panel’s earlier recommendation that the vulnerabilities be used rarely and only for the most important intelligence goals. Otherwise, the security flaws could be disclosed to protect computer users everywhere from rogue hackers.

Let me boil this down, just in case any readers missed the implications here. Our computers could be kept safe from almost any form of malicious spyware and viruses presently in cyberspace simply through U.S. intelligence disclosing these malicious programs.

But the U.S. spies won't do this -- because they want to USE these malicious programs on us, themselves. And given what has already been confessed in this Bloomberg piece; it doesn't even require a suspicious mind to suspect that it's these same, government cyber-terrorists who are the creators of most of these malicious programs.

I'll repeat yet again what I've been saying since Day #1 of this site: the U.S. (what I've since dubbed "the Fourth Reich") is a rogue regime, at least as malicious and lawless as Nazi Germany -- which was also a 'creation' of the One Bank.

Trove of Software Flaws Used by U.S. Spies at Risk

The White House’s directive to limit the use of software flaws by U.S. intelligence agencies could require the disclosure of thousands of precious exploits now in the hands of elite spying units, intelligence professionals say.

The stockpile of exploits is derived from vulnerabilities not just in ordinary computer software, but also in industrial controllers, heating and cooling systems, printers, anti-virus software, video conferencing systems and encryption protocols.

The exploits, typically based on simple oversights and flaws in computer code that hackers can use to take control of most anything that runs with the help of a computer chip, are considered essential to gathering some of the most valuable U.S. intelligence.

Richard Clarke, a member of a presidential panel reviewing National Security Agency practices, said the White House issued guidance to the entire intelligence community three weeks ago largely in line with his panel’s earlier recommendation that the vulnerabilities be used rarely and only for the most important intelligence goals. Otherwise, the security flaws could be disclosed to protect computer users everywhere from rogue hackers...
10:34 AM
6 days ago
Black is white. Hot is cold. Up is down.

Yes, says Reuters, prices are rising sharply in the U.S. -- but their "expert" economists still can't "see" any signs of inflation (lol). This is much like how we see ice melting all over the world (glaciers, polar caps), but (according to Big Oil) there's no "global warming".

Either the Liars are no longer even trying to get their lies to make sense, or (after so many years of getting fat-and-lazy with their media oligopoly) these dim-witted drones are no longer capable of making their lies their sound plausible.

The U.S. Labor Department reported a rise of 0.6% in imported goods (7.2% annually) for March, after a 0.9% (10.8% annually) rise in February. Not surprisingly; this soaring inflation is coming primarily from food items. Yet after admitting this; the pathetic Liars in the U.S. government is saying there's "no inflation" in the U.S.

Why continue to attempt to assert something which you have just finished proving isn't true? Because (as part of its larger schemes) the One Bank needs to sell the Big Lie that "inflation is too low". So instead we have the Liars (absurdly) telling us that prices are rising, but in the magical U.S. economy there's still "no inflation".

Just like the magical U.S. economy can continue to produce "lots of new jobs" every month, even though there are less and less people working. And the magical U.S. economy can "grow" at a robust rate, while using dramatically less energy.

The U.S. Greater Depression Exposed, Part II

Black is white. Hot is cold. Up is down...

U.S. import prices rise on surge in food costs

(Reuters) - U.S. import prices rose more than expected in March as food prices recorded their largest increase in three years, but there was little sign of a broader pickup in imported inflation...
04:15 PM
Take that Monsanto! In learning to "just say no" to the U.S.'s (and Monsanto's) GMO poison; an RT article estimates this will put a $400+ million dent into the bottom-line of U.S. Big Agriculture.

China has rejected any corn shipments from the U.S. which contain even traces of GMO contamination. Looks like there will be even more corn-ethanol available for U.S. drivers -- the worst "clean" bio-fuel that (dirty) money can buy. Now if only the corrupt sycophants in our own governments could learn to "just say no to GMO". Say, that's got kind of a catchy ring to it...

US corn exports to China drop 85 percent after ban on GMO strains – industry report

China’s rejection of shipments of US corn containing traces of unapproved genetically modified maize has caused a significant drop in exports. According to a new report, US traders have lost $427 million in sales.

Overall, China has barred nearly 1.45 million tons of corn shipments since last year, the National Grain and Feed Association (NGFA), an American industry association, said Friday.

The tally is based on data from export companies and is significantly higher than the previous numbers reported by the media, which said roughly 900,000 tons were affected. US corn exports to China since January are down 85 percent from the same period last year, the report says.

China has been blocking shipments of American corn from its market since November. This was caused by the presence of the MIR162 genetically modified corn strain in the shipments. It was developed by the company Syngenta and has not been approved by the Chinese government since an application was submitted in March 2010...
03:58 PM
Jeff Nielson created a new topic Europe's Big Banks lay-off ANOTHER 80,000 in the forums.
Here we have yet another clear demonstration of the parasitic (and rapacious) nature of the One Bank's Big-Bank tentacles. Even after slashing staffing levels following the implosion of their crime-wave in the Crash of '08, and with the Corporate media insisting that there is a "recovery" taking place in Europe, we see the Banksters slashing another 80,000 of their numbers.

This time the word "slash" is being used metaphorically. I figured with all the bankers who were dropping dead in recent weeks that I should make that point clear. There were no figures given on how many bankers the One Bank literally "slashed" last year.

But the point of course is that after rapaciously blood-sucking all the peoples of Europe (and North America) for so many years, it simply isn't possible to contihue to blood-suck at the same level today -- we have too little "blood" left in us. And (of course) in clearly identifying the unequivocally parasitic nature of these entities; the proper course of action is what one always does when plagued with parasites.

You exterminate them.

Our ‘Blood-less’ Economies

Bloomberg: Smashing The Big Banks -- For Profit

The End of Too-Big-To-Fail? The End of The One Bank?

Europe's top banks cut 80,000 more staff in post-crisis overhaul

(Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.

Spurred into action by falling revenue, mounting losses and the need to convince regulators they are no longer "too big to fail", banks across the globe have shrunk radically since the 2008 collapse of U.S. bank Lehman Brothers sparked the financial crisis.

Last year, the tide of bad news began to turn for European banks, which are among the region's largest employers.

Helped by recovering economies and receding fears for the euro zone's future, the benchmark Stoxx Europe 600 Banks index .SX7P rose 19 percent, outpacing the 17.4 percent increase in multi-sector stocks.

But despite the improved outlook, Europe's 30 largest banks by market value cut staff by 80,000 in 2013, calculations by Reuters based on their year-end statements showed...
03:40 PM
Jeff Nielson replied to the topic Ukraine on the verge of civil war in the forums.
Picture the hypocrisy here. It was "OK" (in fact we were all supposed to applaud) when a Western-sponsored group of Thugs seized control of the government of Ukraine in a coup -- rather than simply waiting for an election scheduled in one year's time.

But now that the Thugs are in control, suddenly it's no longer "OK" for people in that 'country'(?) to even consider the use of armed force to achieve their political objective(s). "Pro-Russian separatists" in the eastern half of what's left of Ukraine have been given an ultimatum to disarm, or face a full-scale (Western-assisted) "military operation".

Suddenly, if people don't like the new government, the only "acceptable" behavior is to disarm, and wait for the next election...assuming that there ever is one.

Meet the new Boss, worse than the old Boss.

Ukraine gives rebels deadline to disarm or face military operation

(Reuters) - Ukraine has given pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, raising the risk of a military confrontation with Moscow.

Angered by the death of a state security officer and the wounding of two comrades near the flashpoint eastern city of Slaviansk, acting president Oleksander Turchinov gave rebels occupying state buildings until 0600 GMT to lay down their weapons.

"The National Security and Defence Council has decided to launch a full-scale anti-terrorist operation involving the armed forces of Ukraine," Turchinov said in an address to the nation.

He blamed Russia, which annexed Ukraine's Crimea region when Moscow-backed former president Viktor Yanukovich fled after months of pro-Western protests, for being behind the rash of rebellions across Russian-speaking towns in eastern Ukraine...
03:22 PM
1 week ago
Jeff Nielson replied to the topic U.S. thugs brutalizing protesters in Crimea?? in the forums.
There was an interesting article on Sinclair's site noting that Russia is now publicly accusing the pro-West Thug government in the Ukraine of directly hiring U.S. "security personnel" to handle "crowd control" -- in what is a thinly-veiled effort to brutalize-and-bully the ethnic Russian population to back off on plans to secede from the Ukraine.

If true, it would not be the least surprising, since I pointed out previously that it was almost certainly U.S. sniper-assassins who were randomly shooting people on both sides of the political fence during the original coup -- just to create more anger/chaos.

Certainly we already know from Afghanistan and Iraq that these sub-humans are capable of any-and-every form of atrocity...

Russia warns: Civil war could be coming

Ukrainian authorities sent security forces to Kharkiv to clear the country's second-biggest city of separatists as Russia traded accusations with the U.S. and warned that its neighbor's crackdown risks sparking civil war.

An "anti-terrorist operation" is under way in Kharkiv, 40 kilometers (25 miles) from the Russian border, with the subway closed and the downtown area sealed off, Interior Minister Arsen Avakov said today. Russia's Foreign Ministry said 150 specialists from a U.S. private security company, Greystone, are involved in putting down protests. Ukraine countered that most of those behind the unrest are Russian and denied U.S. advisers are involved.

"We call for the immediate halt of all military preparations, which risk sparking a civil war," the ministry in Moscow said in a statement on its website.

Russia and the U.S. are on a collision course after tensions flared in Ukraine over the weekend and diplomatic efforts to resolve the crisis faltered. The U.S. threw its weight yesterday behind the contention of Ukrainian officials that some pro-Russian separatists who seized administration buildings in the cities of Luhansk and Donetsk were paid provocateurs brought in from outside.

Russians Deported

"We do have proof and we've already deported a number of Russians who've been in eastern Ukraine provoking the situation and violating Ukrainian laws," Ukrainian Foreign Minister Andriy Deshchytsia said in a Bloomberg Television interview. "The Ukrainian government has enough power and authority to control the situation."

Deshchytsia said any suggestion Greystone is playing a role in the crackdown is "just Russian propaganda." Greystone didn't immediately respond to an e-mailed request for comment...
Apr 12
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money: in the forums.
Here's a new one I did for Sprott Money, which I think will be of considerable interest...

The China-India Silver Squeeze

With a combined population of over 2.5 billion people; together China and India by themselves now account for well over 1/3rd of our total, global population (approximately 7.15 billion people). It is thus not surprising that in any market we would see these two nations exerting a significant, if not dominant influence.

Nowhere is this simple, demographic fact more apparent than in precious metals markets...
Apr 12
Jeff Nielson replied to the topic Re: Wall Street's Land Grab in the forums.
Thanks for the post DayOwl!

Yes, a "land grab", but it's important that we don't lose sight of the fact that (as usual) this is just the tip-of-the-iceberg. More generally; we're seeing a massive ASSET-GRAB -- which (of course) means asset-steal.

Wall Street and the Rise of Vampires
Wall Street's Asset-Grab

Just contemplate how insane/monstrous is the current system. EVERY "dollar" we create in our economies, we give to the Big Banks (the One Bank's tentacles), by the $trillions, for free. And then with every free dollar; we allow the Banksters to conjure THIRTY MORE DOLLARS out of thin-air.

And then if even after all those countless $trillions of free money (given to a microscopic fraction of 1% of the population) these Oligarchs "get into trouble"; the SOLUTION is (always) to give them ($TRILLIONS more) free money.

Then we have the Little People. THEY (and the governments which supposedly represent them) must borrow ever dollar of money they want/need. And any/every time they "get into trouble"; the solution is either to LEND THEM more money (lol!) -- or punish them with some sort of Austerity.

And adding insult (and outrage) to injury; we then see the criminal/thieving Oligarchs using all of their (free) $10's of TRILLIONS to buy-up valuable assets of any/every kind -- at pennies on the dollar.

It's enough to make me reverse my life-long stance against capital punishment. Let's learn from China.

CAPITAL PUNISHMENT for all large/systemic white-collar crimes.
CAPITAL PUNISHMENT for all large/systemic cases of political corruption.

And let's also add some (needed) symbolism here, and bring back the guillotine. Presumably it won't take too many head-less bankers and head-less politicians to resurrect a message which hasn't been heard in (corrupt) Western societies for close to half a century:


Apr 11
Jeff Nielson replied to the topic Re: The Daily Grind... in the forums.
It's Friday April 11th, but judging by what is in the Corporate media, the calendars used by the media Drones omitted one of those "1's" -- as they are acting like it's April Fools' Day:

U.S. Global Growth Engine Putt-Putts Instead of Purring: Economy

The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.

As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, economists are questioning just how powerful it will prove to be...[with] America’s diminished demand for exports and energy...

That doesn't even make sense!

What kind of "engine" can power anything with less energy? Only an imaginary one (lol). And with the U.S. "buying less exports", if it's so-called engine is powering anything at all, it would be exclusively the domestic economy. I go into considerable more detail on this latest/newest Big Lie in an earlier post on the Forum.

It's also tied into the theme of today's commentary:

The West’s Slow-Motion Collapse

How does the One Bank (and its minions in the Corporate media) create the illusion that they have somehow prevented (or at least slowed down) the total collapse of these corrupt/dying economies, across the Western bloc? They are simply telling much larger lies, much more frequently.

As with their money-printing; the lying is also increasing exponentially. Indeed, if Bloomberg had hired Pinnochio to write its daily "news", by now his nose would have exploded to such a tremendous size it would be listed as a "WMD".

But as I just pointed out; these lies aren't simply much sillier, they are getting more and more OPENLY CONTRADICTORY -- like trying to prove "how hot" the weather was last month by citing the number of people who experienced frost-bite. There are two reasons why we see this lying inevitably becoming much sillier/more-contradictory.

First of all, it's the fate of all serial-liars that as their total quantity of lies increases that the lies begin to contradict each other. I first made this observation several years ago -- and now we see this principle of logic asserting itself more obviously by the day.

The second reason why the lying is getting sillier/more-contradictory (i.e. more incompetent) is precisely because the Corporate media is an(other) Oligopoly -- and an all-powerful one. Another consistent theme in my writing is that monopolies/oligopolies aren't only evil.

Because of their enormous size and the lack of competition; we ALWAYS see these behemoths become more and more inefficient and less and less competent with anything/everything they do. This is precisely why corrupt regimes always self-destruct -- no matter how all-powerful they are (or once were).

They become ever more-bloated in size at the same time that they snuff-out all "competition" to their authority. "Fat and lazy" is not a recipe for long-term success -- in anything.

U.S. Global Growth Engine Putt-Putts Instead of Purring: Economy

The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.

As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, economists are questioning just how powerful it will prove to be. The U.S. contribution to global expansion from 2014 to 2019 will likely average about two-thirds that of the quarter-century before the recession started in 2007, according to data compiled by Bloomberg based on IMF projections...
Apr 11
Just when you thought that the propaganda couldn't get any sillier...

Today, we have lead prostitute for the IMF, Christine Lagarde proclaiming that the U.S. economy was (once again) providing "a major boost" to the global economy, and then Bloomberg assembled the usual cast of Idiot Sycophants to chime-in that the U.S. economy was once again "the growth engine" of the global economy. The Little Train That Could!

The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.

As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, economists are questioning just how powerful it will prove to be. The U.S. contribution to global expansion from 2014 to 2019 will likely average about two-thirds that of the quarter-century before the recession started in 2007, according to data compiled by Bloomberg based on IMF projections.

“The U.S. is still the most important engine of global growth although perhaps not as much as it once was,” said Mark Zandi, chief economist of Moody’s Analytics Inc. in West Chester, Pennsylvania.

Zandi is among the optimists in arguing acceleration in U.S. growth has spillover effects on other economies by spurring trade and investment. Skeptics at Morgan Stanley and HSBC Holdings Plc say America’s diminished demand for exports and energy as well as the potential for higher interest rates mean it won’t be as helpful as it once was...

Of course what the Liars (somehow) 'forgot' to explain was how an economy which was using less energy and consuming less exports could be "the growth engine" for its own economy -- let alone the whole world.

So with the U.S. economy doing 'so well', what is really holding back the global economy (according to the Liars)? It's all the fault of China, and those Emerging Markets:

The IMF this week forecast China’s economy will grow 7.5 percent this year, the weakest since 1990. China’s slowdown will help to limit expansion in all developing nations to 4.9 percent. Some, including Turkey and Brazil, have suffered bond-market selloffs as investors target excesses such as large current account deficits.

“Emerging markets are still hoping the historical relationships will work and the U.S. will pull them out of trouble,” said Ebrahim Rahbari, a global economist at Citigroup Inc. in London. “We tend to highlight how much less likely that is than in the past.”...

Conveniently, I just finished covering this particular form of lying-with-numbers in a post two days ago -- and even used the growth of China's economy as an example.

When the Liars say that "China’s economy will grow 7.5 percent this year, the weakest since 1990"; what they leave out is that China's economy is more than four times larger today than it was a quarter-century ago. So with a growth rate of 7.5% today; it's producing (more than) four times as many goods, creating (more than) four times as many jobs, and consuming (more than) four times as many resources as in 1990 -- but this is (supposedly) holding back the global economy.

But it gets even sillier when we simply look at the Liars' own numbers. They predict economic growth:

China 7.5%
Emerging Markets 4.9%
U.S. 3 - 4%

Who is "holding back" whom here (lol)? And making it all just a little bit sillier, we know there is no growth in the U.S. economy, all the Liars are doing is pretending there is no inflation in the U.S. Even more absurdly; they perpetrate this lie by pretending that no one in the (obese) USA (or other Western nations) eats food.

The Great Inflation Lie

Surprise! Inflation is too low almost everywhere on earth

The leading economies of the industrialized nations may not have a lot in common, but they are all afflicted by this: Inflation is too low.

That was the astoundingly consistent theme out of a range of data released Thursday. Prices rose 1.1 percent over the 12 months that ended in April in Germany, 0.8 percent in France and 1.3 percent in Italy. In the United States, the consumer price index rose 1.1 percent over the last year...

Global food inflation to rise after brief respite

Consumers at global level saw food price inflation up by 6.3 percent in the twelve months to February 2013 (Chart 1), following a 6.1 percent increase in January...

So if you believe that Americans don't eat food, then yes, there is very little (price) "inflation" right now in the U.S. And if you believe there's no inflation, then yes, the U.S. economy will "grow" between 3% and 4%. But even if you believe both of those preposterous lies; even according to the Liars' own numbers it's China and the Emerging Markets which is dragging the West upward -- not the other way around.

And yet in the same paragraph where they present us with this data they claim the exact opposite. When is 3% growth "greater than" growth of 4.9% or 7.5%? When it's U.S. growth.

U.S. Global Growth Engine Putt-Putts Instead of Purring: Economy

The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.

As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, economists are questioning just how powerful it will prove to be. The U.S. contribution to global expansion from 2014 to 2019 will likely average about two-thirds that of the quarter-century before the recession started in 2007, according to data compiled by Bloomberg based on IMF projections.

“The U.S. is still the most important engine of global growth although perhaps not as much as it once was,” said Mark Zandi, chief economist of Moody’s Analytics Inc. in West Chester, Pennsylvania.

Zandi is among the optimists in arguing acceleration in U.S. growth has spillover effects on other economies by spurring trade and investment. Skeptics at Morgan Stanley and HSBC Holdings Plc say America’s diminished demand for exports and energy as well as the potential for higher interest rates mean it won’t be as helpful as it once was.
G-20 Meeting

What’s driving global economic growth, and what’s holding it back, will be in the spotlight today in Washington where finance ministers and central bankers from the Group of 20 major industrial and emerging economies are convening. At the center of their discussions: Emerging markets such as China aren’t propelling the world economy as much as they did in 2009, when they helped save it from a recession.

The IMF this week forecast China’s economy will grow 7.5 percent this year, the weakest since 1990. China’s slowdown will help to limit expansion in all developing nations to 4.9 percent. Some, including Turkey and Brazil, have suffered bond-market selloffs as investors target excesses such as large current account deficits...
Apr 11
DayOwl created a new topic Wall Street's Land Grab in the forums.
Like Jeff predicted, the big firms are buying up houses to rent to the populace.

You'll want to visit the link for the video.

    Wall Street's Land Grab

    "The Blackstone Group, a private equity firm, is now the largest owner of single-family rental homes in the country. In one day alone, Blackstone bought up 1,400 houses in Atlanta. And as private equity firms gobble up huge swaths of the housing market, they are partnering with big banks to bundle the mortgages on these rental homes into a new financial product known as "rental-backed securities," reminiscent of the "mortgage-backed securities" that helped cause the last financial crisis. Could this new private equity rental empire help spark the next housing crisis? We are joined by Laura Gottesdiener, author of "A Dream Foreclosed: Black America and the Fight for a Place to Call Home," who calls this wave of purchases "a land grab." Gottesdiener’s latest article focuses on New York City’s rental market, a case study in what critics call "predatory equity." Large firms have used abusive tactics to oust tenants in a bid to hike up rents — and tenants have been resisting. We are also joined by Benjamin Warren, who, along with nearly 1,600 families in 42 buildings, is a victim of one of the largest single foreclosures in the city’s recent history."
Apr 11
robinsld, Jeff Nielson replied to the topic Re: Going to make me more unpopular but in the forums.
The West has been getting a rude, if slow, awakening to reality of recent times. Calls for sub-$1000 gold by the likes of Goldman Sachs are notably attempts to scare people into selling up their gold, if they already haven't. Their arrogance is not without some degree of validation - in the past, they have been able to do this, and continue to have some sway over the market, but at these levels, the effect is markedly different.

The whole reason for their wishing to scare people out of their gold is so they can have it themselves, or at least benefit from the proceeds of being on the receiving end of paper sales. The ultimate effect however, is that there is a firm bottom to the price of gold now, due to Asian demand at levels below $1300.

Zooey, where do you get this idea that the price will go significantly lower, that we have not seen the bottom of the market? There are plenty who say that gold's bull market is over, and if that was the case, yes, the bottom still lies ahead of us, but all the fundamentals say that it's behind us, from a bull market perspective. How then, do you justify further declines? Are you saying that the bull market is over? And if so, why do you think that?
Apr 10
Jeff Nielson replied to the topic Re: Musical musings... in the forums.
Not only is this one just a really fun tune, but this one-hit wonder earns its spot on this thread for being (as far as I know) the best example of "rock 'n roll harmonica"...

(Ozark Mountain Daredevils)

If You Wanna Get To Heaven

I never read it in a book, I never saw it on a show
But I heard it in the alley on a weird radio
If you want a drink of water, you got to get it from a well
If you want to get to Heaven, you got to raise a little hell

I never felt it in my feet, I've never felt it in my soul
But I heard it the alley, now it's in my rock and roll
If you want to know a secret, you got to promise not to tell
If you want to get to Heaven, you got to raise a little hell

I never thought it'd be so easy, I never thought it'd be so fun
But I heard it in the alley, now I've got it on the run
If you want to see an angel, you got to find it where it fell
If you want to get to Heaven, you got to raise a little hell

If you want to get to Heaven
If you want to get to Heaven
If you want to get to Heaven
If you want to get to Heaven...
Apr 10
Jeff Nielson replied to the topic West blames Russia for "Ukraine unrest" in the forums.
These Liars are becoming so consistent in stating the PRECISE OPPOSITE of the truth in virtually everything they publish that we can now simply assume that if the mainstream media is writing one thing that the real truth is 180 degrees opposite.

After staging a coup in the Ukraine (but they don't call that "unrest", they call that "liberation"); it's almost certainly Western saboteurs/thugs who are stirring up further strife/chaos in this beleaguered nation. Just as the people in Libya (and many other Victim States) have discovered, when they embraced offers of "friendship" from these Fascists...

If you sleep with Dogs, you're going to wake up with fleas.

The Fourth Reich

NATO Blames Russia for Ethnic Unrest Amid Gas Threat

Russian President Vladimir Putin threatened to shut off gas deliveries through Ukraine unless European leaders took steps to stabilize the country as NATO accused Russia of stoking ethnic unrest in its eastern regions.

With some 40,000 combat-ready troops massing along the border with Ukraine, Russia is trying to subvert its neighbor’s government and force it to devolve power, North Atlantic Treaty Organization Secretary-General Anders Fogh Rasmussen said today in Prague. Rasmussen is using “Cold War-era rhetoric” in a bid to “close the ranks” between member countries in the face of a “sham external threat,” the Russian Foreign Ministry said on its website.

“Russia is stirring up ethnic tensions in eastern Ukraine,” Rasmussen said. “If Russia is serious about a dialogue, the first step should be to pull back its troops.”...
Apr 10


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2014-04-17 13:00:20
[quote]Jeff: I'm somewhat surprised that you don't .....
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Jeff, Did you see this? Office/2012/04/Big Banks Big Secret.pdf
Monday, 15 July 2013 15:10
Brian Boutilier
HIYO Jeff. Got your e-mail. G-day to ya.
Tuesday, 13 July 2010 13:12
Chad McNamara
I agree, looks good.
Tuesday, 10 November 2009 12:18
Brian Boutilier
Nice new Avatar
Tuesday, 10 November 2009 06:30
Brian Boutilier
Pardon me, but does a your dooogga biiite?
Tuesday, 11 August 2009 16:30
Brian Boutilier
Drink beer and prosper! Nice to see the avatar up Jeff!
Thursday, 30 July 2009 19:51
Brian Boutilier
Will you be, will you be, will you be my neighbor?
Wednesday, 22 July 2009 13:33
Brian Boutilier
Y'all need an Avatar facelift Jeff
Tuesday, 14 July 2009 06:49

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