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From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold
The US is moving to broaden its 'blockade' efforts of Iran to the movement of pure gold into the Islamic Republic. The US-led embargo of Iranian crude succeeded in slowing the flow of petrodollars into the nation but as Foreign Affairs committee chairman Edward Cohen remarked, there is "no question that there is gold going from Turkey to Iran." While the official line from US elite such as Bernanke remains that 'gold is not money' it appears that increasingly other nations would disagree, as Cohen admitted, "in large measure what we're seeing is private Iranian citizens buying gold as a protection against the falling value of Iran's currency." It would seem somewhat self-evident that the US is admitting, by attempting to embargo this gold flow, that outside the US, the Dollar is becoming increasingly irrelevant (see China's gold demand); and that for many countries the petrodollar no longer exists, having been replaced by 'Petrogold'.
...
With Iran's currency already hit hard by European and Asian participation in the U.S.-led embargo of Iranian crude, Mr. Cohen asserted that his staff is broadening its efforts to include blocking the movement of pure gold into the Islamic republic.
"I can assure you that we are looking very, very carefully at any evidence that anyone outside Iran is selling gold to Iran," he said.
The remark came after Rep. Edward R. Royce, California Republican and the Foreign Affairs Committee's chairman, asked whether the administration was aware of recent reports indicating an uptick in the flow of gold into Iran.
"With its currency now in free fall, the Iranians desperately need gold," said Mr. Royce, who noted that a U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside Iran does not take effect until July 1.
With existing U.S. law only allowing sanctions on the sale of gold directly to the Iranian government, Mr. Cohen told lawmakers the administration is keeping a close eye on the situation.
While Mr. Cohen acknowledged that U.S. authorities have "no question that there is gold going from Turkey to Iran," he said that "in large measure what we're seeing is private Iranian citizens buying gold as a protection to the falling value" of Iran's currency, the rial.
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The US will do anything it takes to get a war started so that oil can be liberated!
Mr. Cohen, please go fuck your face in the ass.
You too, Mr. Royce.
Why should we typical Americans who, belch McD burgers and watch American Idol and 2 and a half fags give a shit about what others want to do with their money. If they want to accumulate gold, let them. Over here in the U S A, we love to accumulate Debt and plastic chinese junk and nobody complains.
Oh I forgot, fuckin Israel cares.
@Pladizow: And central bank owned by the Rothschilds.
Block Iran's gold? "This time, it's personal."
"...U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside Iran does not take effect until July 1"
Gotta practice this stuff, baby. It's a perishable skill!
I wonder if they wil include cowrie shells, money sticks and other barbarous relics in these sanctions?
If Gold is not money, why does the US give a shit?
Seems to me this is an admission of a failed trade embargo against Iran, and the realization that there exists other currencies other than US paper.
And that is FUCKING FUNNY!!!! The US is admitting their policies are failures and their money not respected. LMAO.
When they put the 2nd round of sanctions on Iran there was Clinton saying in public it was not sanctions against the people of Iran just their irresponsible government. So today we find out actually it is the people of Iran...
But I thought gold was only worth $42 an ounce.... WTF?
It's both an admission and a catalyst.
The headline to the article says it all
I love how our sanctions only increase the legitimacy of gold
and the illegitmacy of fiat
And there's a whole nother idiocy to our approach
our reactions to peak oil, our "liberations," and petrodollar pirouettes, forget the whole world is also addicted
any trick to keep other nations from accessing it will have less and less affect as the stuff gets less available and more desired
were burning money, oil, lives and whatever pathetic trust we have left with extremely expensive wars. Some others are doing less insane things to prepare for system break downs
And Iran is not Iraq, neither Iran nor the rest of the audience will sit idly by if we try to take it
"With its currency now in free fall, ...fill in the nation.. desperately need gold," said Mr. Royce, who noted that a U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside ...fill in the nation... does not take effect until July 1
So I guess that means come July 1st, the US wil be sanctioning China for trading gold for oil with Iran? HA!
They got to play it that way since they can't bomb Iran without the risk of a nuclear war
Iran should allow their banks to do bitcoin exchanges for fiat currency and gold.
"Tradition".........Sure, traditionally used as money.
but why shouldn’t barbarous people at the least be entitled to barbarous relics?
We should encourage them to get as much as possible of that wortless stuff, it will finish them faster. What the silly people.
But Kito says WE tell the Israelis what tune to dance to-LOL
Right. We tell them what to do while they are in charge of our foreign affairs and committing acts of war.
Geeze some people need to be hit over the head with a 2x4.
The 'dancing Israelis' on 9/11 already played us their tune.
http://whatreallyhappened.com/WRHARTICLES/fiveisraelis.html
And we're still running global interference for this shitty little country?
"If I say anything about the dancing Israelis and 9-11, I might as well clear my desk". generic response of all MSM journalists across the US of A!
uSA usA usa .....us ..u •••.. .
Kito reads too much Chomsky...
Maybe that's true, but at least they're leading dancer.
hear that??? the dying gasps of the American empire grows louder with each passing moment...
as such, they must have war in attempts to avoid inevitable death...but it will not be the way they want it to be...
FUCK THIS BANKER CONTROLLED GOVERNMENT AND COUNTRY...
YOUR TIME IS NEAR........
Do we need to mention that Iran has not invaded anyone in 200 years and is a signatory member of the Nuclear Non-Proliferation Treaty (unlike, say, oh Israel). Hypocrisy knows no bounds.
"I can assure you that we are looking very, very carefully at any evidence that anyone outside Iran is selling gold to Iran," he (Cohen) said.
So I just sold a Krugerrand to my local Iranian Embassy (just round the corner actually). What the fuck are you going to do about it Cohenhole?!!
Hypocrisy knows no bounds
Yeah like France, the US to name a couple of others
I find myself increasingly rooting against the United States in many matters.
Nobody likes an occupational government.
I find myself increasingly rooting against the United States federal government in many matters.
RE
They should just ratify it as the 51st state already - essentially already is to the US Government (as well as being a part of the UK Crown).
Israel is the US's evil midget twin - the US is the big dumb bully.
They've already analogized everything in pop-culture movies and TeeVee shows.
Israel is the Master to the retarded, lumbering US Blaster.
Who the fuck runs planet Bartertown, indeed.
Quotable:
"I love the Jews, just not the Zionists."
- Mahmoud Ahmedinajad, President of Iran
Because if they allow gold to continue and other currencies be used for buying of gold eventually they will wonder why not buy or sell oil in something else than dollars.
Cohen-another NWO Zionist Cheesepope.
"FOREIGN Affairs" committee chairman Edward Cohen or he really mean "FOR OUR OWN Affairs", OWN meaning Israel.
This is another sickening tactic from the bunch of thugs masquerading as UANI, a front group of bi-partisan (haha) neo-chickenshits.
They bullied the LBMA back in January to put pressure on Iran
http://www.businesswire.com/news/home/20130130006578/en/UANI-Calls-Londo...
I wouldn't usually care what happens to the LBMA but this bullying is sickening, these UANI chickenpricks are pure scum
http://en.m.wikipedia.org/wiki/United_Against_Nuclear_Iran
And the LBMA not too long ago sponsored a report on the Iranian Gold Industry called "Iran - A major gold market in hiding"
http://www.lbma.org.uk/assets/alch42_iran.pdf
The irony :)
He meant "For our OWNERS affairs".
I havent got the memo on what Cheesepopes are, but i have a feeling this guy is one.. http://www.youtube.com/watch?v=PfoaLbbAix0&feature=player_embedded
When Canada abandons the Petrodollar it's game over for the USD as sole reserve currency.
All citizens regardless of country need to own gold now to protect their purchasing power.
"When Canada abandons the Petrodollar it's game over for the USD as sole reserve currency."
Being Canadian and absolutely loving the idea of this happening, I can't imagine it without our neighbor to the South subsequently and immediately freeing the shit out of us.
If you have some points you can make a case with please share because I'm sure I'm not the only one who would be interested.
Is the NAU not still moving forward as an agenda?
One by one, countries are abandoning the USD for trade where Australia being the most recent.
These countries want to trade goods for goods (not paper) and don’t want to hold a depreciating intermediary currency for settlement.
The US imports more than 2.5 mil bbls of oil per day from Canada which is more than Saud and Mexico combined. If Canada signs an agreement to trade goods for oil with China, that makes the USD irrelevant for oil priced in dollars. IMHO anyways.
I agree this move away from $US trade could happen if the entire current global monetary structure collapses altogether. Otherwise it is just a nice dream in the meantime IMHO. I'd sure love to be proven wrong though... China is doing this in stealth by buying Canadian oil & gas companies, mines, etc. right now aren't they? It is also my opinion the Northern Gateway Pipeline is part of this long-term plan and despite all the political and environmental hoopla, it is certain to happen.
Should the USD be backed with some form of exchangeable hard tangible collateral to protect it from dilution then my opinion would be different.
Canada should not be throwing stones as when the US gets the shaft they will find an excuse to invade Canada by declaration. No need to use force or anything they are just going to walk right in. What? the mounties will stop them?
This movement is bigger than a one country thing. The monetary system is changing and the baton is being passed along to China just as it was passed to the US by England following its monetary collapse at the end of WW2.
When the USD became the global reserve currency at Bretton Woods, it was making stuff other countries wanted to buy just like China is today. This is no longer the case where manufacturing only makes up 30% of US GDP.
Since US GDP includes government spending (where the net amount should be deducted instead) 30% is an overstatement.
"No need to use force or anything they are just going to walk right in"
Really? Your gov't has you shooting each other every day, brainwashed via media, 48M on eFood stamps, gifts for Wall Street, Fed Follies, daily scandals ...
314M people with 300M+ guns. Not a single banker/oligarch has been shot, despite the vasoline-free arse-raping they repeatedly give you every single day. I sleep well at night knowing you pussies are my neighbours. Ask yourself - what ever happened to the land of the free and the home of the brave?
/sarc/sort-of
I would submit that Canadians at large are still drooling, brainwashed tools who think the status quo is going to last forever too, maybe it will and I'm the idiot for being prepared for nothing, having saved and lived debt free all my life, etc...
Everyone in the U.S. needs to see Bobcat Goldthwaite's film God Bless America for starters... ;)
Yanks will still be talking tough about the constitution, regaining their liberties and fighting tyrrany, etc. blah blah blah when they're living in a dumpster or on the other side of the sign that says Welcome to Camp FEMA.
As a Canadain, sitting at work, I can attest that 97% of us are CLUELESS to the WHOLE picture. Everyone up here is living in fantasy land with lolly pops and big bright butterflies.
RE
Not until they put an NHL team in Mexico.
Excuse my french, but I am so sick and tired of the fucking jews trying to get us to bother the Iranians and whoever else they don't like. If they want to humbug with the Persians then they need to get their pitiful little conscript army and go over there and start swinging, the chicken shits. These crybaby jews are only good at fighting when it is defenseless women and children in Gaza. As the comedian Doug Stanhope has said, fuck the freakin crybaby jews.
Don't hold back fat as.. err I mean one ton lady-- Tell us how you really feel, One ton of hateful spite might be a more accurate nom de geurre. yeesh
We Americans have to stop this barbaric trade for the good of these godless barbarians and our Way of Life.
Actually JPM is trying to get its hands on that gold to refill the warehouse. They are having no luck in the markets everyone is keeping their gold even at these ridiculously low manipulated prices. JPM just cant believe it. Soon we will se Jamie throwing a temper tantrum.
In the Iran vs. Jaime Dimon fight, I'd say Iran has time on its side.
this is about over, they are out of options to hold gold down so they want to curtail a source of demand, it won't work.
Got potassium iodide?
For such a barbaric relic there sure is a lot of effort going into destroying it's ifluence.
Yup. The theater floor is heating up, there's a faint wiff of smoke, and the smart money is smiling unctuously while edging toward the exit marked 'GOLD' in shining, glowing letters.
Enjoy your show! We're just going to step outside (of the burning fiat system) for awhile...
Trying to undermine/reduce Iran's purchasing power
Golds? Why would anyone care about that? It's just an old barbaric relic after all.
I thought Xerxes and the other King of Kings of Persia only liked USD?
.
Oh, im sorry, USD didnt exist 2,500 years ago...and neither will the USD exist in the long term...
+1 Excellent
How much you wanna bet the Iranians are stacking thanks to the LBMA, COMEX and CME shitbags orchestrating all the naked shorts lately?
They could very easily be buying through fronts in China and India. +1
Who'se going to be stacking the gold after Iran is set free?
Think at least a few steps ahead. Perhaps 10 or so.
There's a 'U.S. law' which allows blocking of selling gold to Iranians? Gee who signed that law into effect, Robert Mugabe or sumthin?
yes. it's called an economic embargo. which interestingly was considered in earlier times an Act of War. The Dutch Republic, for example, upheld for long time the principle that trade should not stop, ever - even between combatants nations
In those days, people recognised that the government were essentially just an occupying force... even if they were your countrymen.
Nowadays, of course, 'our government is us', so we all have to join in the fun & games.
Our 'leaders' don't like Iran? Gee, I guess that must mean I don't like them much either.
LOL. Yes the Dutch.. I am sure that "principle" came around the time they were selling slaves.
edited:
TOTUS sez: "Damn straight it's an act of war. What are you gonna do about it?".
the dutch had lots of ships running from here to yon and all over the place. interesting that they harrnessedd wind and maintained a world wide fleet til coal came along and england mastered that so they had abigger empire then oil came along and we mastered that so we had a bigger empire, who will master the next energy to power an empire? there is none so there is no new empire.
"that trade should not stop, ever - even between combatants nations"
and I believe that enabled them to finance their mercenaries for the 80-year war against Imperial Spain through the sale of arms and gunpowder to the Spanish..
Mugabe's ancestors or sumthin (busy day or I wouldn't cite wank-o-pedia)-
https://en.wikipedia.org/wiki/Office_of_Foreign_Assets_Control
https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917
https://en.wikipedia.org/wiki/International_Emergency_Economic_Powers_Act
UR, thank you for your explanation about the lawfulness of private armies in the US - illuminating
so the principles were set by the Trading with the Enemy Act of 1917 and expanded by the International Emergency Economic Powers Act of 1977, if I understand it properly
come on, wikipedia is often quite good. look what it's written in the Office of Foreign Assets Control article: "As part of its efforts to support the Iraq sanctions, in 2005 OFAC fined Voices in the Wilderness $20,000 for gifting medicine and other humanitarian supplies to Iraqis."
Um?...
http://www.longislandpress.com/2013/05/14/u-s-military-power-grab-goes-into-effect/
womp womp. i heart fascism!
That's VERY troubling, but it's not the "military"- it's the office of the Secretary of Defense that is responsible for the regulations. As long as IRS is operating unrestrained against US citizens, I might as well take advantage of the FREEDOM OF EXPRESSION protected in Switzerland...
Since the US has BUTCHERED the balance of Federalism (far beyond the President assuming authority from the State Governors over the State National Guards without their consent) the process of putting-Humpty-Dumpty-back-together-again is not a practical tactical solution to the strategic threat of the encroachment of Civil and Human Rights. A far more practical route is to place into office law enforcement officials (e.g. sheriffs and police chiefs) who will establish large reserve constibularies. This can be done either by direct election of sheriffs, or election of local executives who would then appoint such police chiefs. This solution bypasses various issues related to control of the Militia as well as as Federal Firearms restrictions on small arms and other devices. It has the added benefit of redirecting the Federal government's pork barreled practice of distributing tax dollars for military arms (M4s & billions of rounds of ammunition) and machinery (MRAPs & drones) which might be used against the citizenry, into a funding mechanism which can be leveraged to outfit and defend the law abiding citizenry against encroachment of Civil and Human Rights, while using existing legal frameworks and compliance with both the letter and spirit of the law.
Fight Smarter, Not Harder
Ghordius, you're welcome. Wikipedia highlights the underlying problem in the US- The government doesn't make sausage well. In modern practice- Congress passes a law and it is added to the US Code, and the Executive branch publishes pursuant regulations in the Code of Federal Regulations. However, Iranian sanctions largely been an issue only since 1979. When the US Congress has a political need to be seen as taking decisive action they will insert amendments to Title 31 (or Title 12 or...) of the US Code into other, and often unrelated, legislation which allows them to claim credit for "MOAR sanctions" or whathaveyou. The worldwide headache that is FATCA was originally part of "Jobs" bill- the Hiring Incentives to Restore Employment (HIRE) Act. So while Wikipedia is (perhaps) a good place to start, just as the Trading with the Enemy Act & the International Emergency Economic Powers Act are starting points, it's significantly more complicated to properly document the history of US economic sanctions against Iran, or the role of the Militia...
Statutory Law - US Code - Title 31 Money & Finance (there is a disclaimer on that page about entire Titles of the US code that have not been enacted into Positive Law... which becomes a real issue when you practice or write law as opposed to debate or explain US law)
http://www.gpo.gov/fdsys/browse/collectionUScode.action?collectionCode=USCODE
Title 31 Code of Federal Regulations Subtitle B Chapter 5 (however some regulations also fall under Chapter 10- FinCEN)
http://www.ecfr.gov/cgi-bin/text-idx?SID=7cdd9c505afe54feeed37529ee352a5...
Although it could be worse, there's always the EU model...
http://eur-lex.europa.eu/en/editorial/abc_c04_r1.htm#h2
And as a precursor to WWII " The oil embargo placed on Japan by China, the United States, Britain, and the Dutch during the Sino-Japanese War, preceding World War II".
They wanna get my
Gold on the ceiling
I ain't blind
Just a matter of time
Before you steal it...
HooSane Obama do squat about it? Hilarious!
That pooch screws itself!
We would could do so well as to not give a shit what happens outside of our borders.
In/Out, Up/Down...what's the diff?
who needs gold anyways... aapl is going to hit 2000 soon... *cough cough*
We don't want Iran to have such barbarous relics. No matter how much we manipulate it...
Iran: shit, you mean we could have gotten gold this whole time, but instead we've been exchanging our oil for your green f*cking paper? Dude, WTF?!
USA: Why you bringing up old shit? - Smokey(Friday)
I suppose once you've overplayed your hand, the only thing left to do is double down.
But, but - it's a barbarous relic, and priced daily as if nobody actually wants the stuff!
/sarc
The Iranians know that:
300 American navy gayfish, that’s all it takes.
(Seal in Iranian means gay fish)
Do you think they like fish sticks?
Damn you beat me to it.
They think Kanye West is a seal.
http://www.youtube.com/watch?v=64ngE35xjTk
So the Iranians like fishdicks?
US government, get the FCUK OUT of other people's business!!!!!
And you to, Brussels. We don't need no stinking fascists.
We're all Iranians now, if you stack that is...
gold really useless, its ancient
Isn't this all about prodding Iran so that the planned Israeli strike appears provoked? Nah, couldn't be that...
Fuck Congress and the entire US government. Fuck them all. What right do they have to meddle in Iran. They ought to be telling the Israelis to dismantle their Nukes and get the fuck out of the West Bank.
Mr. Cohen isn't going to do that. He works for Israel.
Who is Edward Cohen in this excerpt? Should be David S. Cohen, undersecretary of Treasury. Right?
The Obama Fed will just confiscate physical gold in US / Europe, and set "turn in" price at $1000/oz. Fema camp if you don't. Just like "guns" these left wing sociopaths will stop at nothing to massage their low self esteem.
Just like FDR did, however modern day it will be more difficult to implement their gold confiscation strategy. China and ME will demand gold for payments....be interesting to see which side the Saudis fall on. Hyperinflaiton, wars, the usual outcomes of the socialist sociopath neo Keynsian dream.
Good luck enforcing that.
Should make for a very frosty summit today between Obozo and the Turkish prime minister.
This is an attack on gold settlement per se.Looks like Jim willie is right about whats going on
behind the other curtain.
Yep. After they both give thanks to Allah, should go downhill pretty quickly...
The wily Turks grow stronger (and richer) as the rest of the ME devours itself.
The never ending American search for another war to fight, another country to invade.
Americans are fucked and most are just too stupid to know it. No nation can survive or be respected if their existence is based on a state of perpetual war.
Apparently trade in barbarous relics requires barbarous interventionist policies.
We'll be at the survival retreat for the summer in about three weeks. Just hang on until then, then bombs away!
They can always make the Ruble or the RMB their currency of FX trade. Or use gold as Wahala for oil. Oil scratch you if y'oil scratch me. ;-)
You all have missed the most important part of this post:
"US law allowing sanctions against gold sales to (fill in the blank)."
First they came after gold sales to Iranians, and I said nothing
Gold presents a clear and present danger to fiat currencies worldwide....hence the Gov't manipulation to keep it down and out of favor
Or... the saving in gold vs saving in a constantly devaluing currency.
Fractional reserve banking works fine with gold. It was designed for it. You just have to devalue every few years.
I never understood why Iran doesn't back its currency with its oil reserves. They could create “a quarter barrel note”; “a half barrel note”, and “a barrel note”, where the holder of the note could literally pull up in his row boat and trade a barrel note for a barrel of crude oil. It's kind of like a gold standard, but with oil instead of gold.
Slippery slope.
Slippery for who?
Slick thinking.
Good idea- they already set up their own bourse a few years ago which really pissed the Western oil trading markets off.
"I never understood why Iran doesn't back its currency with its oil reserves. They could create “a quarter barrel note”; “a half barrel note”, and “a barrel note”, where the holder of the note could literally pull up in his row boat and trade a barrel note for a barrel of crude oil. It's kind of like a gold standard, but with oil instead of gold."
"Da IMF aint gone be habbin' dat."
Iran is already on the IMF's blacklist, so (quoting Hillary) "What difference does it make?"
i wonder why this should bother :ahem: cohen :ahem: so much? [/not a conspiracy]
Remember, this is a kinder, gentler ZH now. Offensive comments and "racial discrimination" can get you banned and have all history of your post wiped out...and "some people" are particularly "sensitive". You know?
Come on Tylers, nothing on the "resignations" in the IRS?
Rearranging the deck chairs on the Titanic is hardly news worthy.
Evidently Eye-Ran did not get the memo, you're not supposed to let out you want the yellow metal.
How embarrassing that we even care. Well. If I need gold to buy oil in the future, time to load up. Sorry lastest crop of American politicians. You guys with your bad decisions get unelected quite often. I can't truck with some bizzare ideology that could change after an election when it is obvious gold always wins this fight. Toodles.
P.S. Please sell me more of other people's gold. Gold is up $20 of its daily low. This is an inferior conversion rate from 5am. It is your job to subsidize my gold purchases with the sovereign national wealth or stolen wealth from bank cusomers.
First it was saddam in Iraq taken out not for WMD's but for floating gold as an alternative to the petro dollar as an exchange for oil. Next the president of Libya for not accepting Euro's nor US dollars for his brent crude, he wanted gold. He was trying to design a pan African gold backed currency. Attacked by France and Great Briton for human rights violations, even though France presented him with the humanitarian award the year before. This was and will continue to be all about gold replacing the US dollar for resources as countries are tired of being bullied by the USA. Cannot believe I am typing this but during my research this is how I call it now. Wish I took the blue pill at times.
BRIC's and other Eastern nations are tired of the game with the US dollar. So they are setting up trade agreements in their own currencies and gold. This is really pissing the USA off. Nothing we can really do though as too many nations are now on board including alot of our allies. Obama made a grave tactical error thinking he could push the world around with our military complex and enforcing the petrodollar and fucking up the swift system that was to remain neutral. Real people are starving due to this bullying.
I am sickened typing this to be honest. A shining example for the world to follow died years ago.
We have a BINGO. +1
Yeah, the red pill can make you nauseous for a bit. Thanks for your post.
Euros.
Hmmm... What do the BRICs have to say about all this?
Hilarious, but I thought gold wasn't money? "When asked whether gold is money, Bernanke flatly responded “No.” ........ "Ron Paul once again on the offensive.“Is gold money?” he asked. Clearly bothered, Bernanke told the representative, “No. It’s a precious metal.”
I would say since waking up to politics in 2001 when I was 17/18 years old, I can say I can only hope people around my age or younger or a bit older coming into power positions have the slightest clue about history, comprehension skills, rudamentory mathmatical skills, understand econ 101, and push for science research. I just spoke to a person the same age as me, an Obama spouting believer of can't do anything wrong and better than Bush, I told him about all the scandals and about all politicians being paid for life from our own pockets, needless to say he shared my views and spent the night reading and learning more and more and more, but that again is the level most people are at.
Who cares what our country does anymore to any other country, really, we can't stop them, voting does nothing, our voices me nothing, we be lucky if we could stop a city council decision in a suburb anymore. They are operating above law, without emotion, without rules, without motives. The only logical thing I have found to do is to just become smarter and smarter and smarter than it all.
Rant off::
Ooooohhh, OK. I'm a little slow, but I finally get it.
The bankers want to finance the various participants in the imminent escalation of WWIII on our way toward global governance.
Soooo, they are killing paper gold in part to destroy the valuation of Iran's remnants of wealth so they'll have to fight.
Gonna be a warm summer?
Them bearded barbarians.
What kind of fucked up universe is this?
At times it feels like I'm in some global nut house with hallucinating idiots!
Two points:
1. WTF?! morgan dollar, peace dollar - buy $21 - sell $33 - $35!
But it is not the punch line. morgan dollar is 26g 90% silver.
And right next to it silver philarmonic Oz - 31g 100% silver for $28!
http://www.mjpm.com/silver.cfm
2. About gold price raids and phys demand.
If you are a bullion bank or a custodian of gold accounts - you would not
worry about phys that much - if you know you won't deliver anyway.
You know you will settle in cash, So you would want to settle at the lowest price possible.
Now, since you will not deliver and settle in cash - you can sell all the paper gold you want to drive price down.
CFTC has your back.
Good point on 2) - Settle in cash at spot price, then close up the paper margin shop and voila.
Mintage Limit: 25,000 Product Limit: None Household Order Limit: None $179.95
of COUUUUUURSE.
We all know a sign we can trust our fearless leaders is that gold is not money, it's only tradition, therefore it should be strictly controlled by vaults, guns and war.
I'm a believer, we're all believers now, aren't we?
Maybe they should start stacking silver.
If they were serious about huring Iran, they would send in the squid and the IMF to help them with their economy.
Iran said "no". So theiy got sanctioned.
Can't have Iran's financial system based on a gold standard now can we? Certainly can't have them defying the Fiat Master AND possessing nuclear weapons to defend itself.
I don't think any of this shit going on with our ships in Isreal or Russia's ships in the Med' has anything to do with oil. It's about fiat and control. It's always about control.
Central Banksters are retarded. Arrest them. 7 Billion humans against the monsters. Long live the revolution.
I hope Turkey tells this Cohen guy to fuck off.
Most of Iran's gold is in Switzerland which could be ruined with 1 nuke, fortress Switzerland doesn't exist anymore.
That does sound like something US politicians would do. And then when it fails somehow the people at the State Department will continue lying.