Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness.
Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in September as geopolitical tensions rose.
The seemingly insatiable appetite of the growing Indian middle class for gold is causing the government in India to again consider imposing sanctions on the importing of gold.
Gold imports into India in September were worth $3.8 billion. This figure is almost double the $2 billion spent by Indians in August as, once again, the Indian middle class, like their Chinese counterparts, used the opportunity of a weakened gold price to increase their holdings. This was particularly the case in recent weeks and in the run up to the Diwali festival which began yesterday with Dhanteras.
To put this figure in context it is worth noting that in August 2013 gold imports were valued at just $739 million.
Indian gold imports were up 449.7% y/y in September, which is approximately 94 tonnes, using the average gold price for September.
From the point of view of the government in India, this level of demand for the precious metal, which must be imported, is an unwelcome development. “The trade deficit worsened to an 18-month high of $14 billion in September following a 450% rise in gold imports as importers rushed to take advantage of lower prices” reports India’s Economic Times.
thedailysheeple.com / Melissa Melton / October 21st, 2014
Many Americans can’t find steady work these days. If all the people who have giving up looking and just fallen out of the job search market are figured in, the unemployment rate at its truest definition — people who are not working/don’t have a job — is now 37.2%. The American Dream has shriveled up and died, long ago replaced by record numbers of people — more than 47 million Americans — on food stamps.
Contrast that with a new reported released by the Government Accountability Office (via Washington Post):
Tens of thousands of federal workers are being kept on paid leave for at least a month — and often for longer stretches that can reach a year or more — while they wait to be punished for misbehavior or cleared and allowed to return to work, government records show.
During a three-year period that ended last fall, more than 57,000 employees were sent home for a month or longer. The tab for these workers exceeded $775 million in salary alone.
DRTOA – Our country thrives on war and death. We were once controlled by foreign bankers who funded both sides of war. No we are those bankers. Our fiat currency is evil and requires the blood of the innocent to survive. It is only going to get worse until it collapses. Please watch ALL WARS ARE BANKERS WARS
thedailysheeple.com / Tony Cartalucci, New Eastern Outlook / October 21st, 2014
China is facing increasing pressure along two fronts. In its western province of Xinjiang, terrorists have been stepping up destabilization and separatist activities.
In China’s southeast Special Administrative Region of Hong Kong, protests have disrupted normality in the dense urban streets, with protest leaders seeking to directly confront Beijing while dividing and destabilizing both Hong Kong society and attempting to “infect” the mainland.
What is more troubling is the greater geopolitical agenda driving both of these seemingly “internal” conflicts – and that they both lead back to a single source beyond China’s borders. With the so-called “Islamic State” (ISIS) now implicated in receiving, training, and employing terrorists from China’s Xinjiang province, and considering the fact that ISIS is the result of an intentional, engineered proxy war the US and its allies are waging in the Middle East, along with the fact that the unrest in Hong Kong is also traced back to Washington and London, presents a narrative of an ongoing confrontation between East and West being fought on the battlefield of fourth generation warfare.
ISIS: Washington’s Global Expeditionary Force
If one was asked to name a global-spanning military and intelligence operation opposed to Syria, Iran, Russia, and China, they might say the US Central Intelligence Agency (CIA) and the US Government – and they would be right. But they could also easily answer by saying the “Islamic State” or ISIS/ISIL as it is also known. This is especially true after revelations surfaced that US-backed Uyghur separatists in China’s western-most province of Xinjiang have joined ISIS for training with intentions of leading an armed rebellion against Beijing upon their return.
healthimpactnews.com / By Dr. Mercola, Mercola.com / October 21, 2014
Prescription drugs, marijuana, and multiple drug combinations are frequently found in the blood of drivers involved in fatal car crashes on US roads, according to a new study in Public Health Reports.1
Drivers today are more likely to test positive for drugs than drivers 20 years ago, and drugged drivers are now likely to be older than 50.
Gone are the days when drunk drivers were our only concern—alcohol is but one of MANY drugs that can make you dangerous behind the wheel. And now many people are on multiple drug cocktails, especially prescription drugs, which multiplies their impairment.
In 1993, about one in eight drivers were using more than one drug, but by 2010, it was closer to one in five. The number of drivers with three or more drugs in their system nearly doubled in this period, increasing from 11.5 to 21.5 percent. Study author Fernando Wilson of the University of Nebraska Medical Center adds:2
Beyond that, we’re also seeing more and more people using drugs and alcohol together. About 70 percent of drivers who tested positive for cocaine had also been consuming alcohol, and almost 55 percent of drivers who tested positive for cannabis [marijuana] also had alcohol in their systems.
thedailysheeple.com / Tony Cartalucci, New Eastern Outlook / October 21st, 2014
It is not merely hyperbole when it is said the US created terrorist organizations like Al Qaeda or the so-called “Islamic State.” It is documented fact. The current conflict in the Middle East may appear to be a chaotic conflagration beyond the control of the United States and its many eager allies, but in reality it is the intentional, engineered creation of regional fronts in a war against Iran and its powerful arc of influence.
It is not Western policy that indirectly spurs the creation and perpetuation of terrorist organizations, but in fact, direct, intentional, unmistakable support.
This support would manifest itself in perhaps the most overt and bizarre declaration of allegiance to terrorism to date, US Army General Hugh Shelton on stage before terrorists of the Mujahedeen-e-Khalq (MEK) and their Wahabist counterparts fighting in Syria, hysterically pledging American material, political, and strategic backing. MEK was listed for years by the US State Department as a foreign terrorist organization, but has received funding, arms, and safe haven by the United States for almost as long.
General Hugh’s speech titled, “Making Iranian mullahs fear, the MEK, come true,” was most likely never meant to be seen or fully understood by Americans. In titled alone, it is clear that US foreign policy intends to use the tool of terrorism to exact concessions from Tehran. If the true nature of America’s support for terrorist organizations like MEK were more widely known, the current narrative driving US intervention in Iraq and Syria would crumble.
libertyblitzkrieg.com / By Michael Krieger / Oct 21, 2014
The sickening transformation of these United States into a authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has been a key theme of my writing since well before the launch of Liberty Blitzkrieg. One of the posts that shocked and disturbed readers the most was published a little over a year ago, and titled:American Police Make an Arrest Every 2 Seconds in 2012. In the event you never read it, I suggest taking a look before tackling the rest of this piece.
Fast forward to fall 2014, and the Wall Street Journalhas a powerful article about how children in schools systems across the U.S. are being arrested or turned over to police custody for doing things that children have always done since the beginning of time. Things such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.
As a result of our insane societal obsession with authority and disproportionate punishment, the WSJ reports that “nearly one out of every three American adults are on file in the FBI’s master criminal database.”
A generation ago, schoolchildren caught fighting in the corridors, sassing a teacher or skipping class might have ended up in detention. Today, there’s a good chance they will end up in police custody.
At least one bundle of U.S. weapons airdropped in Syria appears to have fallen into the hands of ISIS, a dangerous misfire in the American mission to speed aid to Kurdish forces making their stand in Kobani.
An ISIS-associated YouTube account posted a new video online Tuesday entitled, “Weapons and munitions dropped by American planes and landed in the areas controlled by the Islamic State in Kobani.” The video was also posted on the Twitter account of “a3maq news,” which acts as an unofficial media arm of ISIS. The outfit has previously posted videos of ISIS fighters firing American made Howitzer cannons and seizing marijuana fields in Syria.
ISIS had broadly advertised its acquisition of a broad range of U.S.-made weaponsduring its rampage across Iraq. ISIS videos have showed its fighters driving U.S. tanks, MRAPs, Humvees. There are unconfirmed reports ISIS has stolen three fighter planes from Iraqi bases it conquered.
The bulls declared victory on Friday with a large bounce back. But, the chart below from John Hussman will provide you with some perspective. Bull markets are boring and methodical. Volatility is low and the gains are slow and steady. Volatility spikes dramatically during bear markets. It works in both directions. Large down moves are followed by large up moves, but the overall direction is down. We’ve entered a world of pain. The up days will keep people believing, while they get their hearts ripped out and their net worth gets gutted again. Market internals have turned negative, as Dr. Hussman notes:
Abrupt market losses typically reflect compressed risk premiums that are then joined by a shift toward increased risk aversion by investors. In market cycles across history, we find that the distinction between an overvalued market that continues to become more overvalued, and an overvalued market is vulnerable to a crash, often comes down to a subtle but measurable shift in the preference or aversion of investors toward risk – a shift that we infer from the quality of market action across a wide range of internals.
“For over a year now, central banks have quietly being reducing their support. As Figure 7 shows, much of this is down to the Fed, but the contraction in the ECB’s balance sheet has also been significant. Seen from this perspective, a negative reaction in markets was long overdue: very roughly, the charts suggest that zero stimulus would be consistent with 50bp widening in investment grade, or a little over a ten percent quarterly drop in equities. Put differently, it takes around $200bn per quarter just to keep markets from selling off.”
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THE VOTERS WHO put Barack Obama in office expected some big changes. From the NSA’s warrantless wiretapping to Guantanamo Bay to the Patriot Act, candidate Obama was a defender of civil liberties and privacy, promising a dramatically different approach from his predecessor.
But six years into his administration, the Obama version of national security looks almost indistinguishable from the one he inherited. Guantanamo Bay remains open. The NSA has, if anything, become more aggressive in monitoring Americans. Drone strikes have escalated. Most recently it was reported that the same president who won a Nobel Prize in part for promoting nuclear disarmament is spending up to $1 trillion modernizing and revitalizing America’s nuclear weapons.
Did Ebola really jump from African Fruit Bats to humans in 1976, or has this deadly pathogen emerged from a high-level bioweapons lab?
The Ebola Airline Frenzy hit fever pitch this week in the US. A select few lunatics in the corporate media government are saying some crazy things, too. For the first time ever, establishment conspiracy theorists are out-doing the blogasphere…
Leading the charge is Capt. Al Shimkus, a retired Professor of National Security Affairs at the U.S. Naval War College, who believes ISIS terrorists will use “human carriers” by intentionally infecting themselves in West Africa, before transporting the deadly virus via passenger airliner. That’s a lot of air miles for ISIS. Other wild wayward politicians, like former US Senator Scott Brown, are saying it too. Just imagine, a plot so outlandish that even Hollywood would have to politely pass on it.
Italy building momentum to leave the Euro. The oil crash created by the U.S. and Saudi Arabia trying to destroy Russia’s economy. Obamacare plans increasing in cost. Senegal and Nigeria are now Ebola free. FDA blocking Ebola testing equipment already in existence. EU will not recognize elections in Southeast Ukraine. U.S. no placing sanctions on Libya to stop the people taking back their country. Humanitarian aid going to Islamic State not the people of Syria. Islamic State now forming an air force using planes, helicopters from the bases in Syria. Khorisan still a major threat to U.S. Be prepared for a false flag.