Gerald Celente: My Bones Tell Me This Thing is Coming Down Fast

By Dominique de Kevelioc de Bailleul

“The world is headed for the Great Depression, Greatest Depression,” Trends Research Institute Founder Gerald Celente tells Lew Rockwell, Tuesday.  “This will be much worse than the 1930′s Depression.  We’re in the global age, and it’s spreading globally.”

Celente goes on to explain that, depending upon the estimates one uses, the Fed has injected between $18 trillion and $25 trillion to prop up the “too big to fails” and the “corrupt banking system.”

And the result?  Nothing but poor unemployment numbers, according to him, including 750,000 more jobs lost since March to offset any alleged gains in employment reported by the U.S. Department of Labor so far this year.

After all those trillions of dollars thrown into the system, there is no recovery.  “America is turning into a plantation economy,” says Celente.

Just as the Great Depression of the 1930′s ushered in high crime rates, alcoholism and suicides, today’s start of the “Greater Depression,” according to Celente, already reveals a nation repeating the social ills of a past economic nightmare.

“Look at the crime rates.  Look at the insanity that is happening,” says Celente.

“Every day you pick up the newspaper.  You listen to the television,” Celente continues.  “Whether it’s the Batman psycho, the Sikh crazy guy, or some guy walking into a hospital room and  blowing his wife to pieces, or killing a mother-in-law and two kids, every day is another chapter in cold blood.  Society is unraveling around us.”

And the craziness isn’t just a U.S. phenomenon; it’s global.

In Israel, Spain and Greece, the same thing.  Four Israelis set themselves on fire within one month from terrible despair.  The Spanish are “attacking supermarkets.”  Greece is throwing out immigrants; “that society is falling apart,” he says.

“Are we going into war?  Is history repeating itself?” Celente ask rhetorically.  “Play back the tape.  The Crash of ’29—Great Depression—currency wars—trade wars—world war.  The Panic of ’08—Great Recession—currency wars are happening.

“The rial is sinking; the rupee is in the toilet; the euro’s going down.  There are bank runs now in Slovenia.  In Hungary, the system has collapsed . . . They just had another recall election in Romania.”

Celente goes onto to say that Argentina has instituted capital controls.  After soaring growth, Brazil now worries about its economy and currency.  And China, the nation which once provided hope of a global recovery, has reported several months of data that show its economy isn’t immune, slowing to a rate not seen in two decades.

So, “is the world at war?  Yes, it is,” says Celente.  “World War III is on the horizon.  Actually, it’s at the cusp.”

He adds, “And I believe we’re facing another 9-11 moment of some sort.  Whether it’s false-flag [or] real.  Whether it’s economic or geopolitical, something in my bones is telling me that you better be prepared now, because this thing is coming down fast.”

What to do?  Celente recommends Americans follow the “Celente 3G’s”: Gold, Guns and a Getaway Plan.

Gold to protect your wealth.

Guns to protect you and your property.

And a Getaway plan in the event of social unrest, riots, civil war, martial law or any unforeseen catastrophic event.

Now Banks Can Legally Steal Retirement Accounts

By Dominique de Kevelioc de Bailleul

“If you don’t understand what ‘get the hell out’ means, there’s not much I can do for you,” Ann Barnhardt passionately told blogger Warren Pollock, as she warned viewers of systemic failure in the U.S. financial system, as well as the certainty that American savers will be robbed of their retirement, brokerage and savings accounts in the process.

Barnhardt, the former commodities broker, cites the latest and hushed court ruling in the 2007 case of a failed Chicago-based futures brokerage firm Sentinel Management Group—another Ponzi bankruptcy, according to her, totaling $600 million of segregated customer funds tied up in bankruptcy awaiting determination of whether those segregated funds will be used to pay off a “secured position” of a $312 million loan held by Bank of NY Mellon.

According to a federal appeals court ruling, Thursday, Bank of New York Mellon’s secured loan will be put ahead of customer segregated accounts held by Sentinel—a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress.  In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.

In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money.

Copy of the Sentinel Ruling from the U.S. Court of Appeals, Seventh Circuit.

Barnhardt goes on to say that many emails she receives from readers of her blog mock her as a Cassandra, but the woman who warned last year of the coming failures and the government’s disregard of the basics of Common Law have been proved correct.  Customers who thought their money was insured with MF Global, PFGBest and, now, Sentinel, were not insured after all, and will lose some or all of their money due to a bankruptcy of the firm in which they’ve placed faith.

She reiterates from numerous previous interviews: run for the hills with your money.  The federal appeals court ruling in the case of Sentinel demonstrates that financial institutions have suddenly taken precedence over segregated customer funds, including their largest customers of all—pension funds.

Few know that the game has changed, and the lack of mainstream media coverage of the shock ruling from the seventh circuit court highly suggests fears within the Fed of a full-blown bank run if the news of Sentinel’s case were to become a front-page headline, underscoring the fragility of the banking system of the United States.

“Insurance is designed to cover discreet, individual catastrophes.  Okay?  If one bank fails, the FDIC can come in and backstop that one bank, no problem,” Barnhardt explains.

“What do you think is going to happen if the entire system collapses?  What happens, do you think, if, even, let’s say 25 percent of the banks or the banking capacity in the United States fails?” she asks, rhetorically.  “We are now talking trillions and trillions of dollars in deposits.”

In fact, the FDIC shows $15.3 billion (Q1 2012) available to insure approximately $4.7 trillion of deposits (last reported, Q4 2008), or an insurance pool equivalent to one-third of one cent (0.0033) held at the FDIC for each dollar insured within the banking system.

Presently, the FDIC cannot make whole on even one percent of bank deposits covered under its insurance program, though it claims to cover up to $250,000 for each account, a promise that surely will be broken (at least when compared with today’s purchasing power of one dollar) during a systemic banking system failure, according to Barnhardt.

“The analogy is to the fire department,” she adds.  “The fire department work great if one house is on fire.  What happens if the entire city, if every structure in the city is on fire?”

Barnhardt concludes her interview with two thoughts:

Firstly, in a democratic republic, collectively, Americans are ultimately responsible for the financial system by voting for “psychopaths” to guard against allowing other psychopaths to run the banking system.  The coming financial collapse would not be possible with an informed and vigilant electorate, according to her.

Secondly, Barnhardt, a devout Christian, prays for people to wake up in time to protect themselves before the collapse takes place, which she says could be tomorrow, or as far out as two years from now.

Source: Barnhardt.biz

MF Global: Beta Test For Bank Holiday & Martial Law

By Dominique de Kevelioc de Bailleul

On the heals of the Department of Justice’s determination of no wrongdoing in the case of Goldman Sachs’ contribution to the kickoff of the financial meltdown in 2008, writer and researcher Susanne Posel tells the SGT Report that the bizarre overnight bankruptcy of MF Global of Oct. 31, 2011, was a beta test for the final, grand theft planned by the banking cartel.

Nearly 10 months later, no charges have been levied against the mastermind of the theft of $1.2 billion, former CEO of Goldman Sachs Jon Corzine.  No charges appear to be forthcoming, either.

The Corzine incident was a beta test implemented by the banking cartel to measure the extent of public and Congressional reaction to overt theft of customer funds, according to Posel.

Through a Deutche Bank informant, she says the banks intend to steal as much of clients money as possible to cover bad bets made following the enactment of the Gramm–Leach–Bliley Act (GLB) of 1999, a piece of legislation passed by Congress which rendered the separation between commercial banks and investment banks covered under the  Glass-Steagall Act of 1932 null and void.

GLB was spearheaded by the then-Secretary of Treasury and former Goldman Sachs CEO Robert Rubin during the Clinton administration.

“They know the collapse is coming,” says Posel. “So they are preparing for it.”

Posel says the collapse of the financial system of 2008, with the abrupt bankruptcy of Lehman Brothers, sparked a currency war between the European Union and the United States over which currency would be left standing and who would hold the underlying assets or tax base of citizens from which to tap revenue.

“In 2008, we should have collapsed,” says Posel.  “We should have gone the way of Greece.  The only reason why we didn’t was because the global elite and banking cartels put it off on the eurozone and [to] collapse the eurozone in order to gain sovereign debt.”

That additional sovereign debt would then compel governments responsible for paying the debt to raise taxes upon its citizens, cut recipient benefits and confiscate property in a government-sanctioned transfer of underlying real wealth to bankers away from the citizenry.  In that way, not repaying bankers via taxes levied by the middleman of government now becomes a criminal offense, not a civil matter between bank and customer.

In the case of Europe, Greece is the weak link.  Greece was sold mortgage-back securities (MBS) from American broker-dealers, which were then attacked through wholesale selling of the securities, creating the kickoff to the euro crisis that began in March 2009.

Hedge fund manager John Paulson was possibly implicated as the short-seller of the mortgage-back securities held by Greece in a hearing between Congress and the ‘Fab Four’ traders at Goldman Sachs.  During testimony, Paulson was revealed as the man who sat with other Goldman Sachs employees when a handpicked basket of overpriced mortgage-back securities was created, including those MBS’s sold to Greece.  Paulson shorted the basket of MBS’s and profited approximately $3.7 billion.

No criminal charges have been filed against Paulson, the employees of Goldman Sachs who created the basket of securities, or any of Goldman’s Fab Four.

But there is more, according to Posel.  China needs assurances that it gets paid, as well.

“They’re extracting wealth so that the only thing the governments will have left to give them [Chinese] is the actual land that they [Americans] own,” says Posel.

Goldman Sachs was first to deploy the banker scheme of extracting funds from public coffers.  In addition to paying interest on $1.1 trillion of U.S. Treasuries held by the Chinese, the banking system and the U.S. dollar were saved through pushing the problem of global insolvency onto the Eurozone nations.

“In 2008, when Hank Paulson went to the Congress and said that they had to bail out the banks for $700 billion or martial law would be declared, they weren’t lying,” says Posel.

Goldman Sachs CEO Henry Paulson’s extortion of a $700 billion TARP bill from Congress with the threat of martial law was essentially a classic bait-and-switch scheme.  Americans were told that the unprecedented appropriation was earmarked for a jobs and economic stimulus program.  Instead, the money was redirected to the “too big to fail” banks, with subsequent hearings between Congress and Federal Reserve Chairman Ben Bernanke yielding no disclosure as to which banks received the money under TARP.

In Congressional testimony, Bernanke stated he will not disclose the recipients of TARP, unless Congress orders him to do so, because to disclose the recipients of the appropriated funds may trigger a bank run on those institutions.  No such order from Congress has been passed.

And the mechanism for foreclosing properties that were backed by mortgage securities was immediately deployed, as in the ubiquitous ‘robo-signing’ incidences that appeared months later.

The final coup planned by the bankers involves a bit of deception, a false-flag attack blamed on China, Russia or Iran, maybe, in which the Federal Reserve will initiate a ‘bank holiday’ on a Friday due to a computer ‘virus’ which allegedly threatens the banking system, according to Posel.

Posel’s informant told her that the banks would open on the following Monday.  At that time, declaration of martial law by the U.S. president comes next, presumably as a result of massive civil unrest due to a dollar devaluation or another event blamed on the perpetrator of the virus.  But the overarching reason for martial law is to protect the banks from an angry public, according to her.

“If you hear about this in the news, you have 72 hours to do whatever you plan to do before the collapse,” says Posel.

Gold: Guaranteed Returns, Says PM Analyst

The charts and numbers reveal to technician Bert Dohmen of Dohmen Capital that gold is a great buying opportunity sometime within a 30-day time period.  That big move in the yellow metal could begin today, tomorrow or next week.  But the bg move is coming, according to Dohmen.

“I look at the charts, and I look for the major buying opportunities, and say: Okay,  if somebody doesn’t have any gold, when should they be buying?” Dohmen asked, rhetorically, during a FinancialSense Newhour broadcast of last weekend.

“Well, right now we’re in a timezone, and that doesn’t mean today or tomorrow or next week.  But we are now in my opinion within a month of a great buying opportunity.”

Dohmen prefaced his interview regarding the technicals of the gold market by commenting upon public spending—a reliable and macro statistic for making a long-term forecast of the financial health of a nation and the response of gold traders through time.

“There are about 106 million Americans, 106 million, just imagine that, Americans, right now, getting some kind of aid from the government,” Dohmen opined.  “Just imagine that.”

Just as empires of the past allow more citizens to take more from the public treasury than those paying into the public coffers, the economy eventually eats itself into a collapse—with no exception to the rule found in history.

He continued, “You have over half the people in the country do not have to pay taxes.  So we’re at the point now where the people receiving from the government outnumber the people giving to the government.

“And, of course, that is the end of democracy. . . that’s the end.”

With sentiment very low, Dohmen sees a rare opportunity for those who haven’t secured any gold.  He said he reviews the Commitment of Traders (COT) report issued by the Commodities Future Trading Commission (CFTC) issued each week  to spot buying opportunities in the precious metals.  When disinterest in the gold market among institutional and small investors reach low levels, a bottom has usually formed.

“So right now the open interest in the gold futures is at a very, very low point,” Dohmen explained.  “It’s been coming down for many months, and right now we’re at a point where normally you have a start of the next strong up-move.

“All these indicators [activity with small speculators and institutional money managers] show that there is absolutely minimal interest,” he added.  “And when the interest in buying gold has been this low, you usually have a bottom at the start of the next up-move.”

For those new to the gold market, don’t attempt to trade the metal.  Overbought and oversold sentiment can become quite exaggerated and for a long period of time, fooling traders into buying too late or selling too early, in the case of non-professionals.

Today, the gold market has entered a post-corrective phase low; it’s time to buy gold, according to Dohmen.

“Within the time frame of the last year, this is the greatest buying opportunity that I have come across based on the charts and the numbers,” he said.

“I guarantee one thing: you buy gold right now, and ten years from now, it will be a heck of a lot more worth [sic] than the cash you have under your mattress.”

BIG NUKE Imminent in Precious Metals

By Dominique de Kevelioc de Bailleul

Something very big is most likely about to be dropped in the global financial markets within a few weeks—like a nuke exploding—and those holding precious metals stand to be the big winners—especially silver investors, who could make a small fortune in a very short period of time.

Here’s the overwhelming evidence of something very big coming soon to the financial markets:

“. . . evidence points to an upside break for both gold and silver, which is not dissimilar to our Silver – The Coming Bullet – August 2010 ‘Trend Ready’ state,” Hinde Capital CEO Ben Davies told King World News on Aug. 9.

Davies’ report turned out to be a prescient piece of work, as the silver price went truly ‘bananas’—as GATA’s Bill Murphy likes to refer to big PM moves—making its bullet move from the $17.50 mark of August 2010, ending at nearly the $50 print at the end of April 2011, for a 185 percent move within nine months!

Davies’ observations echo trader Dan Norcini’s.  Norcini tells readers of JSMineset that a big Asian buyer has ratcheted up the floor in the gold mark in $20 increments.  Davies sees the very same buyer incrementally scooping up gold in a signature consistent with a very large buyer of the past, a buyer who appears to know beforehand of the Fed’s every move—a point suggested in a previous BE article, titled, Rigged Gold Market, a Secret Payoff to China.

“We want to state there has been a strong buyer in the gold market these past few months,” stated Davies.  “Also we want to reiterate the buyer in the room is Asian and has been stepping up their buy order, 1545, 1575 now 1600?”

More evidence.

The signature of that big Asian buyer has demonstrated in the past that, he is either a brilliant tea-leaf reader or he’s ‘connected’ to the Fed, with the latter more likely during an atmosphere of blatant, draconian, widespread and sanctioned fraud in all markets.

“It is reminiscent to me of the very same buyer(s) who soaked up U.S. 10 year bonds at 4.85% in June 2004 when the Fed didn’t cut rates from 1% to 0.75% as was widely expected,” Davies explained.  “By end of 2004 rates were at 4.25% but 10 year yields had rallied back to 4.00%.”

There’s more.

Either signals from media and the inner banking cartel of the past two weeks have been deliberately staged to dupe even the most savvy precious metals investors (outside the criminal cartel, such as a Jim Sinclair) into a crushing disappointment of no additional QE from the Fed will be forethcoming, or the recent series of smoke rings indeed signals an imminent and massive rally to new highs in gold and silver prices.

In a previous BE article titled, Imminent Silver Price Explosion, the piece noted two banking cartel media mouthpieces have been running interference for Ben Bernanke for a launching of a bazooka QE.

From the BE article:

Jon Hilsenrath of the Wall Street Journal, the man who the straight-shooting Stephen Roach of Morgan Stanley calls the real chairman of the Fed, wrote . . .

This [Hilsenrath's list of economic and inflation metrics] is ammunition for Fed officials who want to act right away to spur growth. Not only is growth subpar, and the job market stuck in the mud, inflation is also running below the Fed’s long-run goals.

Moreover, as mentioned in the same article, the second media mouthpiece of the gold cartel, Greg Ip of Economist—the very same publication that, James Turk had clearly demonstrated in his article of several years ago, was behind a disinformation campaign for the gold cartel throughout nearly two decades—wrote in his piece for Economist (written from the point of view of hindsight) that the ECB will need to debase the euro by following the Fed’s program of debasing the U.S. dollar.  In the opinion of the European banking masters, debasing is the right thing to do—and do it fast.

Side note: From the content of the two articles, it appears that Jim Sinclair’s thesis of “QE to Infinity” may include, not one, but two currencies, the dollar and euro, which, together, comprise 89 percent of global reserves.  That gives institutional money nowhere to hide, adding a big boost in octane to the gold market.

As the evidence mounts, regular guest of KWN, Egon von Greyerz of Switzerland-based Matterhorn Asset Management suggests that the cocktail for something big in the precious metals market awaits the Bernanke match lighter.   The 40-year veteran, von Greyerz, predicts a double or triple in the gold price by the close of 2013, leading the list of KWN’s brightest and most experienced prognosticators of the PM market.

“ . . . my target on gold of $3,500 to $5,000 over the next 12 to 18 months, and then over $10,000 in 3 years.” von Greyerz told KWN late last month.  Though James Turk of Goldmoney agrees with von Greyerz that a big rally is afoot, Turk hasn’t announced a target for this next move in the gold price—not yet, anyway.

And, just in.

Another mouthpiece for the gold cartel, Financial Times, published to subscribers its latest disinformation article.  Many FT readers, presumably, have never heard of James Turk, Ben Davies or Jim Sinclair—or 40-year veteran of the metals markets, Bill Haynes, who told KWN Thursday:

“One of the writers started trashing gold in the Financial Times [Wednesday].  He said it’s time to sell your gold and send the kids to college, buy an automobile or take a vacation because this bubble is over.”

Echoing sentiments of James Turk and Eric Sprott as well as zerohedge’s repeated reference to FT’s blatant and disgraceful disinformation campaign against its upper-middle class subscribers, added, “Eric, this is the type of nonsense we see in the mainstream media when a bottom is being put in, and the Financial Times has been one of the greatest contrarian indicators for the gold market.

“I also find it interesting that this is the week the big buyers are making a statement with their physical gold and silver purchases,” Haynes added.  “They are doing their buying right into the face of this ridiculous nonsense coming out of the Financial Times.”

Precisely.  Investors who read King World News most likely don’t subscribe to the Financial Times for its commentary of the precious metals market.  And those who do subscribe to FT are those the Fed are most frightened of.  Mr. and Mrs. Bourgeoisie Money Bags are the next in line to threaten the Fed’s “inflation expectations” powder keg—a fatal moment it wishes to forestall as long as possible.

During the past few weeks, there’s been too much anti-gold propaganda waged at one time, while a known big Asian and heavily suspected Fed insider has been quietly (to the general investor public) accumulating gold at marginally higher and higher price levels.  Something big is afoot.

And to top this litany of wink-winks and nod-nods, the ultimate political hack of Wall Street, U.S. Senator Charles “Chuck” Schumer (D-NY), chastised (or signaled?) Fed Chairman Bernanke during a hearing of mid-July, “The Fed is the only game in town… You have to take whatever actions are necessary to ensure a strong recovery . . . Get to work, Mr. Chairman,” Schumer said forcefully.

To remind investors of Schumer’s well-know connection to the banking industry, Zerohedge posted an article from OpenSecrets.org that showed Schumer receiving $4.8 million in total from 20 Wall Street firms.

In conclusion, we see the establishment media mouthpieces very active, a super-key politician mouthing publicly at the Fed, and a suspected Fed insider from Asia scooping all the metal it can get, all deployed to enrich those who are either privy to, or can read the tealeaves, for a front-running a monstrous move in gold and silver—at the expense, of course, of the American public.

As Trends Research Institute Founder Gerald Celente has repeatedly said, “The rot is at the top”; “We’re being financially raped”; and “It’s a gangster government” between the Gambinos and Genoveses.”

Events of the past week have become obvious—too obvious, maybe?  Or is Celente correct when he says the banking cartel acts if it doesn’t care what people may think about it and who it hurts?  It appears that the big money is betting the Fed drops the nuke.

Breaking: Egypt Attacks Sinai; Israel Wants Yom Kippur II; Mossad Suspected Again

By Dominique de Kevelioc de Bailleul

In response to an attack upon Egyptian security-checkpoint guards by ‘unidentified’ gunmen in the Sinai Peninsula, Wednesday, the Egyptian air force “pounded the hideouts” of the covert attackers, killing 20 of them, according to Russia Today and PressTV.

It’s “the first air strike in the Sinai since 1973,” the year of the Yom Kippur War between Egypt and Israel, stated Russia Today, and comes off the heals of earlier attacks by the same operatives in the region, resulting in the murder of 16 Egyptian border guards.

“Egyptian President Mohamed Morsi has pledged to strongly respond to the ‘cowardly attacks’, vowing that the assailants would pay for the deadly attacks,” stated PressTV.

Now known as a tourist destination, the Sinai becomes the second tourist spot in less than one month where the Israel’s spy agency, Mossad, is believed to be involved in false-flag attacks in an effort to engender Western sympathy for Israel and its dangerous dispute with Iran.

Prior to Wednesday’s attacks, an ‘alleged’ Mossad operation, which killed five Israeli tourists in a bus bomb explosion in Bulgaria, prompted immediate accusations of Iranian involvement from politically unpopular Israel prime minister Benjamin Netanyahu.  Iran strongly denies the accusations and awaits the results of a proper investigation of the incident.

How the U.S. and Israel spin the incident assuredly will be forthcoming through the Western ‘mainstream media’ cartel, but according to those closest to the information trail, Mossad is most likely behind the latest in a recent string of murders of its own citizens, and now Egyptians, in an effort to draw the U.S. into stopping Israel’s U.S.-funded monopoly on a nuclear deterrent—a deterrent Iran would also like as protection against U.S.-NATO-Israel contiuned aggression and ‘alleged’ atrocities in Iraq, Sudan, Somalia, now Syria, and neighboring Afghanistan.

In the case of the Sinai, Mossad, again, may be behind the auspicious timing (during Ramadan and a U.S. presidential election) of flareups in a region that has been replaced by gunfire with tourism throughout the past 30 years following the Sinai Disengagement Agreements after the war.

“Egypt’s Muslim Brotherhood and the Palestinian resistance movement Hamas say Israel’s spy agency Mossad was behind the earlier attack,” prompting swift retaliation from neighboring Egypt, according to PressTV.

As if to process the same intelligence as oil traders of NYMEX crude, earlier this week (up $5, independent of other commodities), or privy to the inside scoop of put option (betting on a drop in the value of an underlying security) speculators of American Airlines prior to the attacks of 9-11, Trends Research Institute Founder Gerald Celente and his latest interview with CJAD talk show host Tommy Schumacher, Monday couldn’t be more timely.

“It [war drumming] is reaching a critical mass right now, and I haven’t felt this way since December 14, 2000,” said Celente, and also noted that he senses Benjamin Netanyahu’s behavior mimics one of previous psychopath leaders who have led unsuspecting citizens to the slaughter house for their own selfish goals. “I have that feeling now” with Netanyahu, said Celente.

“This guy, Netanyahu, he has 60 percent disapproval rating right now, and I’ve seen it before,” Celente continued.  “I remember Bill Clinton, you know—wag the dog.  Every time he’d get into trouble with Monica Lewinsky, it was bomb over Baghdad.  They continually do this.”

The 65-year-old Celente expects WWIII as a result of the Israel-NATO-U.S. axis engaging in heightened covert operations in the Middle East in the war for resources and to maintain U.S. dollar hegemony, a parallel war waged against Russia, China and other members of the BRICS nations.  And the neocons are behind these nasty deeds in the Middle East and Afghanistan, according to him and echoed by former Asst. Secretary of Treasury (1981-2) Paul Craig Roberts.

You can’t make war in the Middle East without Egypt and you can’t make peace without Syria. —Former U.S Secretary of State, Henry Kissinger

Gerald Celente: “I Have That Feeling” It’s 9-11 All Over Again

By Dominique de Kevelioc de Bailleul

In back-to-back interviews on the Gary Null Show and the Tommy Schnurmacher Show, Gerald Celente sees another mega geopolitical quake to match the shock-and-awe of 9-11 in America’s not-to-distant future.

“I’m worried about the drumbeats of war getting louder and louder,” Celente told  CJAD talk show host Tommy Schumacher, Monday.  “It’s coinciding, as well, with the economic collapse that’s happening throughout Europe.”

Celente went on to say that, when sociopath and psychopath politicians get into trouble with their constituents due to a poor economy, those pols, who can divert the public’s attention away from the nation’s financial problems and redirect the collective anger toward the threat of an outside enemy, will use their power to take that nation to war at a politically advantageous time.

“It’s reaching a critical mass right now, and I haven’t felt this way since December 14, 2000,” said Celente, and noted that he senses desperation in the voice and actions of Israel’s, Benjamin Netanyahu, the present and very unpopular prime mister in that Mideast country.  “I have that feeling now” with Netanyahu, said Celente.

“This guy, Netanyahu, he has 60 percent disapproval rating right now, and I’ve seen it before,” Celente continued.  “I remember Bill Clinton, you know, wag the dog.  Every time he’d get into trouble with Monica Lewinsky, it was bomb over Baghdad.  They continually do this.”

After wavering earlier this summer whether to remain in the U.S. or flee from a “fascist” dictatorship shaping up in America, the 65-year-old Celente told InfoWars’ talk show super-star personality, Alex Jones, that he will not allow a “bunch of freaks” in Washington chase him out.  Celente said he will stay and fight.

But the personal struggle on this question continues to weigh heavily on his mind.

Whether another 9-11-like event takes place on U.S. soil or overseas, Celente now seriously contemplates fleeing America if the U.S. or Israel instigates another 9-11 incident—either through a false-flag attack or other pretension to ‘justify’ a politically unpopular position to attack Iran.  An attack on Iran, he said, might be the ‘straw that broke the camel’s back’ to get him to flee America for his physical safety, as he would, then, begin to mull over another trend he sees developing: jailing or “silencing” journalists.

“If the United States or Israel goes to war with Iran, it’s the beginning of World War III,” Celente told radio talk show host Gary Null, Tuesday.  “Our lives will be hell after that.  If you think we have a Gestapo state right now, you haven’t seen anything yet, because it’s not going to stop.

“These are the Persians; they’re 70 million strong,” he explain.  “They’ve been around a long time; theyre not going to be going anywhere.  And they’re going to fight down to the last man.  And people forget that the Iranians lost a million people between 1980 and 1988 when the United States started a war, funding Iraq to attack Iran.

“This country won’t be worth living in, if we go to war with Iran.  So I don’t know, I just don’t know what to do after that,” said Celente, who audibly struggled to match the words with his own personal thoughts on the matter.  “I don’t know if I want to be here as much as I want to stay, because we’re seeing all of our rights being abrogated from us now; it will only, only, only get much worse.”

Aside from offering a peak into his mind regarding the subject of his personal quandary with the possibility of expatriation, Celente strongly advocates that Americans protect their wealth during the upcoming turmoil he sees on the horizon by holding ‘physical’ gold and silver.

He said, “It’s all I buy, is gold and silver,” and added, though his personal decision to hold precious metals is not to be construed as financial advice.  Celente has repeatedly said in dozens of prior interviews that he is not a registered investment adviser, nor does he sell precious metals.  But gold and silver are the only money he has outside of working capital for his business, The Trends Research Institute.

U.S. Intelligence Suspected of Killing CFTC Silver Manipulation Case Against JP Morgan

By Dominique de Kevelioc de Bailleul

“Four-year silver probe set to be dropped,” FT titles its piece Monday regarding the JP Morgan silver manipulation scandal.

According to FT:

A four-year investigation into the possible manipulation of the the silver market looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation. . .

In 2010, Bart Chilton, a CFTC commissioner, said that he believed there had been “fraudulent efforts” to “deviously control” the silver price.

But after taking advice from two external consultancies, the first of which found irregularities on certain trading dates that it believed deserved more analysis, CFTC staff do not have sufficient evidence to bring a case, according to the people familiar with the situation.

Though Ted Butler, GATA and Andrew Maguire have provided the ‘watchdog’ agency with a drivers licenses of the suspects, a video tape of the incidents, the address of the assailants and the usual time they sit down for dinner, two mysterious “external consultants” believe that the “CFTC staff do not have sufficient evidence to bring a case.”

Therefore, the refusal of the CFTC to hand over the ‘smoking gun’ evidence to the U.S. Department of Justice in the JP Morgan case is no longer the issue for silver bugs to seek relief; the issue now becomes: Why won’t charges ever be filed against Jamie Dimon?

On May 5, 2006, then-President George W. Bush essentially handed over Wall Street, COMEX and CME to the Director of National Intelligence (DNI), a spy agency created in Dec. 17, 2004.  In essence, with the signing of the Intelligence Reform and Terrorism Prevention Act of 2004, anything that truly matters in the financial markets ultimately has no democratic oversight to protect market participants.

From the Business Week article of May 2006 (no longer available online):

Intelligence Czar Can Waive SEC Rules

Now, the White House’s top spymaster can cite national security to exempt businesses from reporting requirements.

President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye.

AUTHORITY GRANTED. William McLucas, the Securities & Exchange Commission’s former enforcement chief, suggested that the ability to conceal financial information in the name of national security could lead some companies “to play fast and loose with their numbers.” McLucas, a partner at the law firm Wilmer Cutler Pickering Hale & Dorr in Washington, added: “It could be that you have a bunch of books and records out there that no one knows about.”

The memo Bush signed on May 5, which was published seven days later in the Federal Register, had the unrevealing title “Assignment of Function Relating to Granting of Authority for Issuance of Certain Directives: Memorandum for the Director of National Intelligence.” In the document, Bush addressed Negroponte, saying: “I hereby assign to you the function of the President under section 13(b)(3)(A) of the Securities Exchange Act of 1934, as amended.”

A trip to the statute books showed that the amended version of the 1934 act states that “with respect to matters concerning the national security of the United States,” the President or the head of an Executive Branch agency may exempt companies from certain critical legal obligations. These obligations include keeping accurate “books, records, and accounts” and maintaining “a system of internal accounting controls sufficient” to ensure the propriety of financial transactions and the preparation of financial statements in compliance with “generally accepted accounting principles.”

Knowing how the National Security Agency (NSA) has worked in the past, it, also, should not be too surprising that the ‘smoking gun’ witness to JP Morgan’s blatant manipulation of the silver market, Andrew Maguire (and his wife), was attacked by a hit man in a hit-and-run car assault the day following his damaging testimony against JP Morgan at a CFTC hearing of Mar. 25, 2010.

Here’s where the DNI may have stepped in to squash the CFTC investigation into JP Morgan and, possibly, took action to permanently squash Andrew Maguire, too.

At the time of the attack on Maguire, the highly-controversial Admiral Dennis C. Blair was on duty as director of national intelligence (Jan. 29, 2009 – May 28, 2010).

The U.S. economic collapse “already looms as the most serious one in decades, if not in centuries,” Blair told the Senate Intelligence Committee on Feb. 12, 2009.

“Time is probably our greatest threat,” Blair added. “The longer it takes for the recovery to begin, the greater the likelihood of serious damage to U.S. strategic interests.”

Nearly a year later, Feb. 3, 2010, Blair testified again before Congress, and said, “If that direct action–we think that direct action will involve killing an American, we get specific permission to do that. … I would rather go into details in closed session, Mr. Chairman, but we don’t target people for free speech. We target them for taking action that threatens Americans or has resulted in it.”

Blair added, “Being a U.S. citizen will not spare an American from getting assassinated by military or intelligence operatives overseas if the individual is working with terrorists and planning to attack fellow Americans.”

Those two ‘external consultants’ who ‘advised’ the CFTC to drop the case against JP Morgan may have come from the DNI, citing national security interests, of course.

And as far as Andrew Maguire, it may have been a pure coincidence that the director of national intelligence at the time of his hearing with the CFTC was a loose cannon, Blair, a possible psychopath.  Was the DNI behind the hit-and-run of Andrew Maguire and his wife?

For more information on Blair’s checkered past, including disobeying direct orders, suspicions of perjury and other dishonorable accusations, read about him on Wiki.

Fire!!! Money Running for the Exits

By Dominique de Kevelioc de Bailleul

The Swiss 2-year sovereign just reached a -0.47 rate, and with JP Morgan doing such a good job suppressing paper bullion prices, gold has gone into a stealth ‘backwardation’, according to Goldmoney’s James Turk.

Quietly, the Swiss 2-year sovereign just broke through recent lows Friday, plunging to -0.435 percent.  Instead of getting a toaster with your deposit, investors have to give the Swiss government a toaster along with their money—each month, for two years?!

In other words, big money knows a catastrophic event is near and a response by central banks won’t be far behind.

Gold’s range-bound pricing while Swiss sovereign rates drop like a stone suggest an explosion in the gold price is also near.  In fact, because of the LIBOR manipulation scheme, gold may be already be in ‘backwardation’, but the market hasn’t picked up on the fire in the theater.

James Turk stated his rational for suggesting gold has reached backwardation to Eric King of King World News (KWN).

“Interest rates are a reflection of risk.  Normally, the lower the interest rate, the lower the risk of holding that particular type of money,” Turk explained.  “Historically, gold’s interest rate has always been the lowest. . .

“So interest rates for currencies are always higher than gold’s interest rate.  But because of this LIBOR scandal, and the fact that we are seeing interest rates being manipulated by central banks, for the past year we have had dollar interest rates lower than gold interest rates and that’s a huge anomaly.”

Here’s the anomaly shown graphically; and from the graph, below, Turk’s observation can lead the investor to conclude that he may have a valid point.

Pay particular attention to the white arrow in the chart, right around mid-May when the Swiss 2-year broke to a new low of -0.07 to -0.08 percent.

“On Monday, May 14, something happened that hasn’t happened since Dec of 2008,” stated Keith Weiner in a post on zerohedge.com.  “Two successive near-month precious metals futures contracts were in backwardation at the same time.”

Gold (and silver) touched ‘backwardation’ the week following the Greek legislative elections.

“On May 14, this is precisely what occurred,” Weiner continued.  “Both May and July silver are backwardated.  And June gold is backwardated.  Incredibly, the May silver contract is giving away a 3% annualized profit to anyone who would sell physical silver and buy a May future that delivers in a few weeks (thus recovering the same position).  Even more incredibly, no one can or will take the profit that is dangling out there!

“This should not be possible at all.”

Of course, central bank “manhandling” of interest rates, as Jim Grant puts it, are possible and create all sorts of distortions as well, not seen clearly, of course, during ‘normal’ times, but distortions become especially transparent during a financial crisis.

Jim Sinclair’s panic announcement of the possibility of an over-the-weekend global announcement of a new round of massive round of money printing from the G-6 was apparently warranted, as the Spanish 10-year rate began to distance itself to the upside from the 7 percent Maginot line of a Greece-like run while Swiss rates plunged.

“A lot of people are misinterpreting what that [LIBOR manipulation] means,” Turk continued.  “It’s really just a temporary phenomenon.”  It’s really just a reflection of all of the interventions we have in the market today.”

Turk asked rhetorically, “What we really have to consider is, is gold in backwardation?”

“I think it is, even though the gold forward rate doesn’t show it simply because dollar interest rates are manipulated,” he speculated.

As amateur money watches the Dow, the big money isn’t buying into the Friday’s jobs number (or any job number), Warren Buffett’s truly shameful malarkey about gold, and certainly not central bankers’ equally pathetic diatribe.

Most recent case in point: Another nonsensical jobs report out of the U.S. ministry of propaganda showed an ‘unexpected’ rise of 163,000 non-farm payroll jobs and an 8.3 percent jobless rate.  But, Swiss money manager Egon von Greyerz of Matterhorn Asset Management explains why there’s a panic run into Swiss paper.

“The real unemployment is 23%,” von Greyerz told KWN, on the same day as the Turk interview Friday.  “The Non-farm Payroll going up by 163,000, if you look at the seasonal adjustments and the birth/death model, those two adjustments were 429,000.  So they added 429,000 out of nowhere, on paper.

“If you take those 429,000 off of the 163,000, instead of an increase, you get a 266,00 decline in payroll.  So the figures are nonsense….”

Take it from the Swiss; they know money, and they know gold.  They were smart enough not to join the eurozone; they’re smart enough to hold the highest per capita official gold stock of the world—by far!

The Swiss aren’t about to be fooled by the Bernanke-Draghi tinkering of the financial ‘weights and measures’ as the rest of the world has been duped.  And which European country was never attacked by Hitler’s Third Reich?  Switzerland.

von Greyerz and other smart money managers know that the U.S. economy is tanking fast, which explains the sudden mass exodus into Swiss paper since May.  Therefore, gold must play catch up, or JP Morgan faces a force majeure in one of the precious metals—most likely in the silver market.

“. . . we probably missed the last chance to buy gold at $1,580, and silver under $27,” said Turk.

“I think it’s becoming increasingly clear that the central planners are bluffing,” Turk continued.  “They are holding a losing hand….People are starting to understand they are being played with by these guys.”

Turk believes the next big rally in the precious metals has begun.  He was correct last year, and from the looks of the Swiss 2-year bill, gold could breakout above $1,640 as early as this week.

Gold & Silver: Go “All-In”

By Dominique de Kevelioc de Bailleul

Calls for the Fed to make a QE announcement in September by Jim Rickards and John Taylor got another handicapper, Michael Pento, to go on the record for a likely announcement following the annual Jackson Hole meeting of the world’s central bankers in late August.

“My first impression was that the reports we had from the Wall Street Journal that the Fed was imminently going to interfere with the markets (with more QE), once again proved to be untrue,” Pento told King World NewsThursday.  “Bernanke is waiting for Jackson Hole.  He’ll make some kind of announcement, like he did back in 2010, and then he will start to put his plan to destroy the currency in effect, probably in September.”

That’s the situation in the U.S., as Pento sees it.  But within the EU, the situation is more dire and murky.  Laws there don’t allow for the ECB to intervene in the bond market like the Fed can.  But Pento has drawn the same conclusion as former Asst. Secretary of Treasury Paul Craig Roberts has: the laws will be broken in Europe—again, Germany’s outrage to the suggestion that the euro be monetized away will be ignored, and the EU will be taken over by a supranational cabal.

“In my estimation, the ECB is about three or four weeks away from giving a banking license to the EFSF and the ESM,” said Pento.  “This will lead to unlimited purchases of European debt, and an unlimited dilution to their currency.”

With Spanish 10-year yields soaring back over 7 percent today, ECB President Mario Draghi’s “do whatever it takes to preserve the eurozone” speech to save the euro from cracking 1.20 lasted only three days.  After touching approximately 6.5 percent Tuesday, the 10-year yield soared right back up past the 7 percent mark Thursday, likely putting more pressure on the euro in the coming days.

In the meantime, ‘main stream media (MSM)’ paints a picture of Draghi as an independent, yet dependent, central banker, pointing to the hurdles of corralling 17 sovereign nations before the ECB can intervene in a Fed-like manner to purchase Spanish sovereigns, implying that Draghi is in a box and panicked Monday when he awoke to a 7.6 percent Spanish yield.

“From a communication point of view, he [Draghi] misguided the markets,” Commerzbank’s chief economist Jörg Krämer told the New York Times. “He raised expectations which he could not fulfill.”

Analysis such as Kramer’s observation of what the ECB can or cannot do is either naive or intentionally misleading the markets, according to former U.S. Asst. Secretary of Treasury Paul Craig Roberts.

In an interview with Slovakia’s TV24li, Roberts stated that Greece and Italy have been taken over by former Goldman Sachs bureaucrats in Europe, with Italy’s president and entire cabinet appointed by those close to the nefarious U.S. investment banker.  The entire drama played out in Europe is a scam to save banks and to consolidate power to a supranational body, according to Roberts.

“Democracy [in Europe] is being destroyed.  And of course the EU bureaucrats are using the crisis [in the EU] to takeover the economic policies of the individual countries,” said Roberts.  “They say, we can’t trust the governments.  Look what’s happened, and so we are going to consolidate and we will make the tax decisions, budgets decisions for all the countries.”

To Pento’s credit, he’s picked up on Robert’s theme playing out in Europe, and has advised clients of Pento Portfolio Strategies to expect a dual last-minute ‘stick save’ from both the Fed and ECB.  Reports by the MSM of an imminent death of the euro are greatly exaggerated, he speculated.

“I am telling my clients, I am gearing them towards the inevitable inflation.  But I think it’s silly to go ‘all-in’ right now,” Pento concluded.  “We have significant holdings in precious metals and we have written covered calls against that strategy.” Then, we are ready to go all-in once we have a firm commitment on the part of these two central bankers to massively monetize the debt.”

Watch for Bernanke’s speech at Jackson Hole for hints of a ‘favorable’  announcement following the FOMC meeting in September.  All inflation-sensitive assets should soar, “but you will see the most salient moves in precious metals, base metals, energy and agricultural stocks and commodities,” he said.