Gold Breaks Psychological Barrier ($1300 per Ounce)

Kurt Nimmo

Infowars.com

September 23, 2010

Gold has continued its astronomical ascent, reaching a new record-breaking high of $1,300 an ounce today. This is the fourth day of record high gold prices.

Earlier in the week, the precious metal surged after Federal Reserve boss Bernanke said the banksters will provide extra “monetary stimulus” to boost the collapsing economy.

The Fed announced it will manipulate the money supply — i.e., it will crank up the printing machines, known in polite circles as quantitative easing — in a concerted effort to create inflation. The Fed says it is artifically creating inflation in response an unemployment rate that is beginning to rival that of the Great Depression.

Gold Key, weighing one kilogram is used to access a ten digit account number which is known only to the bearer of the Gold Key. (Photo credit: Wikipedia)

Skyrocketing gold prices are “happening for a reason,” writes James Turk, co-author of The Collapse of the Dollar and publisher of the Free Gold Money Report. “The precious metals are sensitive to changes in inflation, both actual as well as future expectations.”

Investors have moved into gold as an alternative to fiat currencies as the global economy continues its engineered collapse. In the second quarter of 2010, all economic indicators were down and gold demand was up 36%.

As Bob Chapman of the International Forecaster notes, over the last 18 months there has been an exodus of funds from the stock market to bonds, gold and silver and commodities. “Why do you think since 1988 our government and those who control our government have suppressed gold and silver prices? Gold is the barometer of fear, the only real currency that owes no one anything. Gold and silver are the antithesis of fiat money. They are the only way to restore order out of chaos,” he writes.

Silver has also reached a new 30-year high. It traded at $21.40 US an ounce, the highest level since the Hunt Brothers attempted to corner the market in the 1980s. Silver has surged 20 per cent in the past month. “Silver has advanced 27 percent this year, outperforming gold, global equities, Treasuries and most industrial metals,” reports Bloomberg.

David Levenstein, a leading expert on investing in precious metals, predicts silver will hit stellar levels over the next year.

“The long awaited break above the former key resistance level of $18.50 gave an extremely positive sign to silver bulls. It gave a clear signal that the price of silver was set to go higher. However, the momentum of the move we have seen in the last few weeks has been more than what I anticipated. The price blew through $19.50 and then $20. It now challenges the $21 level, last seen some 30 months ago. A break through this level would be extremely bullish and I believe we could see prices move towards $30 by the end of 2011,” Levenstein wrote yesterday, before silver reached $21.40 an ounce.

Source

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Protect yourself from the collapsing global economy by investing in gold and silver.

www.goldmoney.com

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The post Gold Breaks Psychological Barrier ($1300 per Ounce) appeared first on Robert JR Graham.

Gold Breaks Psychological Barrier ($1300 per Ounce)

Kurt Nimmo

Infowars.com

September 23, 2010

Gold has continued its astronomical ascent, reaching a new record-breaking high of $1,300 an ounce today. This is the fourth day of record high gold prices.

Earlier in the week, the precious metal surged after Federal Reserve boss Bernanke said the banksters will provide extra “monetary stimulus” to boost the collapsing economy.

The Fed announced it will manipulate the money supply — i.e., it will crank up the printing machines, known in polite circles as quantitative easing — in a concerted effort to create inflation. The Fed says it is artifically creating inflation in response an unemployment rate that is beginning to rival that of the Great Depression.

Gold Key, weighing one kilogram is used to access a ten digit account number which is known only to the bearer of the Gold Key. (Photo credit: Wikipedia)

Skyrocketing gold prices are “happening for a reason,” writes James Turk, co-author of The Collapse of the Dollar and publisher of the Free Gold Money Report. “The precious metals are sensitive to changes in inflation, both actual as well as future expectations.”

Investors have moved into gold as an alternative to fiat currencies as the global economy continues its engineered collapse. In the second quarter of 2010, all economic indicators were down and gold demand was up 36%.

As Bob Chapman of the International Forecaster notes, over the last 18 months there has been an exodus of funds from the stock market to bonds, gold and silver and commodities. “Why do you think since 1988 our government and those who control our government have suppressed gold and silver prices? Gold is the barometer of fear, the only real currency that owes no one anything. Gold and silver are the antithesis of fiat money. They are the only way to restore order out of chaos,” he writes.

Silver has also reached a new 30-year high. It traded at $21.40 US an ounce, the highest level since the Hunt Brothers attempted to corner the market in the 1980s. Silver has surged 20 per cent in the past month. “Silver has advanced 27 percent this year, outperforming gold, global equities, Treasuries and most industrial metals,” reports Bloomberg.

David Levenstein, a leading expert on investing in precious metals, predicts silver will hit stellar levels over the next year.

“The long awaited break above the former key resistance level of $18.50 gave an extremely positive sign to silver bulls. It gave a clear signal that the price of silver was set to go higher. However, the momentum of the move we have seen in the last few weeks has been more than what I anticipated. The price blew through $19.50 and then $20. It now challenges the $21 level, last seen some 30 months ago. A break through this level would be extremely bullish and I believe we could see prices move towards $30 by the end of 2011,” Levenstein wrote yesterday, before silver reached $21.40 an ounce.

Source

—

Protect yourself from the collapsing global economy by investing in gold and silver.

www.goldmoney.com

Related articles

• Gold Price Rally “All About Re-Building Confidence”


• Looking to Make a New Investment? Consider Gold and Silver


• Precious Metals Surge, “The Financial System is Drowning in Debt”


• Gold Bugs Index (HUI): Buy, Hold or Sell?


• Metals Hold Gains, Fed’s Rosengren Chimes in on QE


• Silver and Gold – Debt Collapse: ‘Gold to go to $20,000 an Ounce’


• Birch Gold Group Publishes Exclusive Report on Gold & Silver Investing in 2013 – With 6 “Must-Know” Facts


• Are Gold & Silver in a Bull Market- Or is Government Devaluation Simply Going Exponential?


• Bloomberg Caught Falsifying Gold Chart to Discourage Investment in Gold


• LBMA’s Best Gold Forecaster Hochreiter Says Bull Market Is Over – Bloomberg

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From Global Depression to Global Governance

The role of the corporate elites’ secretive global think tanks

Andrew Gavin Marshall

Global Research

October 19, 2010

We now stand at the edge of the global financial abyss of a ‘Great Global Debt Depression,’ where nations, mired in extreme debt, are beginning to implement ‘fiscal austerity’ measures to reduce their deficits, which will ultimately result in systematic global social genocide, as the middle classes vanish and the social foundations upon which our nations rest are swept away. How did we get here? Who brought us here? Where is this road leading? These are questions I will briefly attempt to answer.

At the heart of the global political economy is the central banking system. Central banks are responsible for printing a nation’s currency and setting interest rates, thus determining the value of the currency. This should no doubt be the prerogative of a national government, however, central banks are of a particularly deceptive nature, in which while being imbued with governmental authority, they are in fact privately owned by the world’s major global banks, and are thus profit-seeking institutions. How do central banks make a profit? The answer is simple: how do all banks make a profit? Interest on debt. Loans are made, interest rates are set, and profits are made. It is a system of debt, imperial economics at its finest.

In the United States, President Woodrow Wilson signed the Federal Reserve Act in 1913, creating the Federal Reserve System, with the Board located in Washington, appointed by the President, but where true power rested in the 12 regional banks, most notably among them, the Federal Reserve Bank of New York. The regional Fed banks were private banks, owned in shares by the major banks in each region, which elected the board members to represent them, and who would then share power with the Federal Reserve Board in Washington.

Global Domination (Photo credit: Alex Abian (Also on flickr.com/alexabian))

In the early 1920s, the Council on Foreign Relations was formed in the United States as the premier foreign policy think tank, dominated by powerful banking interests. In 1930, the Bank for International Settlements (BIS) was created to manage German reparations payments, but it also had another role, which was much less known, but much more significant. It was to act as a “coordinator of the operations of central banks around the world.” Essentially, it is the central bank for the world’s central banks, whose operations are kept ‘strictly confidential.’ As historian Carroll Quigley wrote:

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

In 1954, the Bilderberg Group was formed as a secretive global think tank, comprising intellectual, financial, corporate, political, military and media elites from Western Europe and North America, with prominent bankers such as David Rockefeller, as well as European royalty, such as the Dutch royal family, who are the largest shareholders in Royal Dutch Shell, whose CEO attends every meeting. This group of roughly 130 elites meets every year in secret to discuss and debate global affairs, and to set general goals and undertake broad agendas at various meetings. The group was initially formed to promote European integration. The 1956 meeting discussed European integration and a common currency. In fact, the current Chairman of the Bilderberg Group told European media last year that the euro was debated at the Bilderberg Group.

Read More

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The post From Global Depression to Global Governance appeared first on Robert JR Graham.