Gold Price: Beware! Government Spooks Infest Gold Market

Today’s revelation of China’s surge in gold imports in the month of November from its principal gold dealer, Hong Kong, exposes Western financial media for the umpteenth time for its blatant propaganda (at the behest of central bankers) against one of the only assets that will protect wealth during these most turbulent times.  Sign-up for my 100% FREE Alerts

“Mainland China’s imports from Hong Kong surged to 102,779kg/oz from 86,299kg/oz in October,” stated bullion advisory group, GoldCore.  “This is a 20% increase from the already high number seen in October and a 483% y/y increase.”

See zerohedge.com for the full article from GoldCore.

Note: see the staggering trend of Beijing gold purchases in the Reuter’s chart, below, halfway through the article.

While a media blitz campaign waged against the gold market kicks into full gear, the Chinese buy tons.

And let’s not forget India, the country that, last year, bought more gold than Switzerland claims it stores with the SNB, which is approximately 1,000 tons.

“Gold traders in India, the world’s biggest buyer of bullion, stepped up buying for the upcoming wedding season, as gold prices stayed near the week’s trough, giving silver a boost,” India’s Economic Times stated on Jan. 11.

The two largest bulk buyers of gold are stepping up with increasingly larger orders as the spot price retreats, but the U.S. and UK media tell readers the gold bull market is over—or that gold should be seriously questioned as to its validity for wealth protection during the biggest financial crisis since the 1930s.

Goldmoney’s James Turk, who told King World News on Jan. 9 that he sees the propaganda machine blitz at full throttle throughout the pullback in the gold price from its incredible rise to $1,920.

Whatever happened to the “buy on the dips” mantra from ‘traditional’ media?

“There is a war going on with regard to gold and people are lined up on both sides,” Turk told KWN’s Eric King.  “The central planners want gold to disappear, but gold is not going to disappear because it’s been money for 5,000 years.  What the central planners and the manipulators and government agents and everybody else are doing is they are putting out a lot of anti-gold propaganda.” [emphasis added]

For those not familiar with James Turk, it was he who broke the story about the UK-based financial magazine The Economist for its peculiar track record for publishing significantly bearish articles at, or near, gold price bottoms.  In two articles, Gold’s Infallible Indicator and Gold’s Infallible Indicator—Six Months Later, Turk demonstrates why gold bugs should watch for that out-of-the-blue gold article from The Economist.

And the Fed’s co-conspirators extend beyond The Economist, the Wall Street Journal, Financial Times (FT) of London, Bloomberg and CNBC serve as propaganda tools (at critical moments) for central bankers as well, according to several reliable sources, one of which is the UK-based Guardian in an article penned by journalist David Miller in Feb. 2006.

“A succession of scandals in the U.S. has revealed widespread government funding of PR agencies to produce ‘fake news’,” Miller stated.

“World Television produces the fake news, but its efforts are entirely funded by the Foreign Office, which spent £340m on propaganda activities in the UK alone in 2001.”

And in the U.S., it’s no surprise that the feds fund propaganda budgets of its own, but presumably much larger than those of the UK.  From ComputerWorld, written by Darlene Storm in February 2011.

It’s recently been revealed that the U.S. government contracted HBGary Federal for the development of software which could create multiple fake social media profiles to manipulate and sway public opinion on controversial issues by promoting propaganda. It could also be used as surveillance to find public opinions with points of view the powers-that-be didn’t like. It could then potentially have their ‘fake’ people run smear campaigns against those ‘real’ people. As disturbing as this is, it’s not really new for U.S. intelligence or private intelligence firms to do the dirty work behind closed doors. 

It can be assumed a lot of UK and U.S. propaganda focus primarily on foreign policy issues.  Wars are tough sell, and a lot of propaganda must be bought in the same way commercial enterprises utilize ‘advertising’ of its products.  Makes sense.

However, instead of outside foes endangering the sovereignty of nations (again, propaganda has us believe otherwise), the 16 intelligence agencies, which make up the NSA, stated in a 2009 report to Congress, that the economy has become an immediate national security concern.

Reuters, February 2009:

“The financial crisis and global recession are likely to produce a wave of economic crises in emerging market nations over the next year,” said the report. A wave of “destructive protectionism” was possible as countries find they cannot export their way out of the slump.

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

According to The New American in an article in September 2011, titled, Fed Plotting to Monitor Critics, Tailor Propaganda, in response to the 2009 NSA report, the Federal Reserve issued a “Request for Proposal” to “monitor billions of conversations” and to “reach out to key bloggers and influencers [sic]” in an effort to massage opinion.

Apparently, CNBC’s Steven Liesman can’t do all the spin work and propaganda for the Fed, himself.

The Fed’s “Request for Proposal” explains that the institution needs a platform to “monitor billions of conversations” and “identify and reach out to key bloggers and influencers.” Information collected will be used to measure the effectiveness of the central bank’s “public relations” and “communication strategies” — known in laymen’s terms as propaganda operations.

“There is need for the Communications Group to be timely and proactively aware of the reactions and opinions expressed by the general public as it relates to the Federal Reserve and its actions on a variety of subjects,” the document states. News outlets, Facebook, Twitter, forums, blogs, YouTube, and other social media platforms will all be targeted.

Government, media and central bankers want the public out of gold and work full time to make it happen.  ‘Analysts’, too, are deployed to spew misinformation about the economy and gold.  No surprise there.  Though, no one has publicly proved that any one particular analyst is involved in the anti-gold propaganda campaigns, but three men have been labeled the worst gold analysts since the gold bull market began in 2001.

Those three, or the “Three Stooges”, gold analyst Peter Grandich had called them recently, Jon Nadler, Dennis Gartman and Jeff Christian, sport truly horrendous records, similarly to The Economist dismal calls, as James Turk had pointed out.

In December 2010, Richard Russell of the famed Dow Theory Letters attacked on both fronts against the these three Lord Haw-Haws, one, the traditional media and, two, Nadler, in particular—though Gartman and Christian could easily have been interposed instead.

“I listened to Kitco’s Nadler on the Bloomberg channel this morning,” Russell stated. “He’s been bearish on gold for months, and I thought he sounded like a know-nothing fool today. Why didn’t Bloomberg interview someone who’s been bullish and right about gold?”

“What’s with the Wall Street Journal and gold?” Russell asked rhetorically. “In the Dec. 6 paper, the front page blares, ‘ETFs and Gold.’ So I turned to the gold article, which included a rare error in its headline, ‘Resisting Gold’s Glister.’ I assumed they meant gold’s ‘glitter.’ The article was written by a Tim Medley, a random guy I had never heard of. Mr. Medley’s main half-assed complaint about gold is that it is too expensive today and therefore dangerous in that it may correct. Worse, claims Medley, there is a current ‘euphoria’ regarding gold. Too many people are bullish on gold. Therefore, gold is about to lose its ‘glister.’”

Gold investors, beware of what you read and who you follow for advice.  As a general rule, stick with analysts interviewed on King World News and not from infrequent or other Wall Street analysts on traditional news outlets.  Sign-up for my 100% FREE Alerts

Also read BER articles on this subject,

Gold Market hit by Chinese Bailout PSYOP; $2,000 Gold “in 45 days,” says James Turk

Gold Price: Lord Haw-Haw Dennis Gartman announces “Death of a Bull”

Richard Russell Doesn’t Trust the Media to Cover the Gold Market

Don’t Walk, Flee America! says Gold Guru

From the recent comments and articles on the Internet following Obama’s signing of the National Defense Authorization Act (NDAA), it appears a good chunk of Americans have figured out that the U.S. has just declared martial law.  Others won’t get it; instead, they’ll serve as ‘useful idiots’ for the subsequent acts of tyranny.  Sign-up for my 100% FREE Alerts

No military uniforms or funny mustaches, just a flick of the pen, utterance of a few words of reservation for authorizing the ‘act’, and it’s done.  No show of force or goon squads rounding up journalists and intellectuals followed the declaration of martial law. No interruptions of regularly scheduled broadcasts to announce the coup and no CSPAN coverage of the event, either.

No sir.  That would be most inadvisable to a pathologic regime confronted with the knowledge that 300+ million firearms are held by ‘free’ citizens who have a long-running disdain for banana republic thugs.

“The president strongly believes that to detain American citizens in military custody infinitely without trial, would be a break with our traditions and values as a nation, and wants to make sure that any type of authorization coming from congress, complies with our Constitution, our rules of war and any applicable laws,” said a White House spokesman.

Of course the signing of the law is a “break of our tradition.”  And with a show of concern, all laws will apply—such as the one he just signed into law.  That is an example of Orwellian Double Speak.

Just as an owner of a wild horse slowly introduces the bridle while feeding it some sugar, whispering kind words in its ear, Washington incrementally introduces the legal and logistics of martial law in the hopes that the majority of its citizens don’t notice the bridle.

It’s quite obvious to anyone paying attention that the signing of the NDAA tips off the world that Washington is dreadfully afraid of its own citizenry from an upcoming ‘event’.  Washington seeks legal cover, such as the Third Reich sought legitimacy before it slammed down the hammer.

The U.S. 9-11 attack is akin to Germany’s burning of the Reichstag in 1933.  Back then, plenty of Germans warned that it was Hitler’s regime who burned down the Reichstag, but few listened.  These tin-foil hats were called nuts in Germany, just as Alex Jones is called a nut, now, in the U.S.

So what do we now call the 50-state nation?  Amerika? Empire?  Banana-merica Don’t know, but what the U.S. has become isn’t America, and should not be treated or referred to as such by other nations and certainly not by its own ‘citizens’.  Incidentally, the U.S. insists that Myanmar continue to be called Burma in protest of the Junta military regime.  Moreover, Jim Rogers notes his dismay that Amerikan citizens are precluded from investing in Myanmar.  Now Iran.

Taking from an interview with Doug Casey, noted international investment adviser and author of many best-selling books, a passage from a book authored by Milton Mayer, They Thought They Were Free: The Germans, 1933-45, seems appropriate at this time.

“You see,” my colleague went on, “one doesn’t see exactly where or how to move. Believe me, this is true. Each act, each occasion, is worse than the last, but only a little worse. You wait for the next and the next. You wait for one great shocking occasion, thinking that others, when such a shock comes, will join with you in resisting somehow. You don’t want to act, or even talk, alone; you don’t want to ‘go out of your way to make trouble.’ … In the university community, in your own community, you speak privately to your colleagues, some of whom certainly feel as you do; but what do they say? They say, ‘It’s not so bad’ or ‘You’re seeing things’ or ‘You’re an alarmist.’

“These are the beginnings, yes; but how do you know for sure when you don’t know the end, and how do you know, or even surmise, the end? On the one hand, your enemies, the law, the regime, the Party, intimidate you. On the other, your colleagues pooh-pooh you as pessimistic or even neurotic … the one great shocking occasion, when tens or hundreds or thousands will join with you, never comes. That’s the difficulty. If the last and worst act of the whole regime had come immediately after the first and smallest, thousands, yes, millions would have been sufficiently shocked … But of course this isn’t the way it happens. In between come all the hundreds of little steps, some of them imperceptible, each of them preparing you not to be shocked by the next. Step C is not so much worse than Step B, and, if you did not make a stand at Step B, why should you at Step C?”

If you’re footloose and fancy free, living in what is now a military dictatorship (Obama is, after all, the Commander and Chief of the Armed Services), consider looking to Burma as a place to escape.  There, the government is very similar, but the cost of living is about 10 cents on the dollar and has potential of becoming one of the best investment areas of the world, according to famed international investor Jim Rogers.

On the other hand, Amerika has no real economic prospects, no legitimate democratic government, and no other purpose than to steal the world’s oil supply, commit war crimes as well as destroy currencies and economies across the globe. It brings drugs in from Mexico and Afghanistan and then arrests its citizens for partaking in the product.   It counterfeits money while it attempts to squash its competitor, gold.  It steals brokerage accounts, kills jobs and fixes elections.

And the U.S. Secretary of State had the nerve to visit Myanmar late last year to discuss how its government can become ‘legitimized’ by the world community.

Time to pack the bags and watch a pack of Noriegas in ties demonstrate why they should be in cages under the supervision of ‘normal’ humans, put Dick Cheney in charge of making them talk into giving the names of all the cowards they really work for.  Sign-up for my 100% FREE Alerts

Gerald Celente: EU Collapses in 90 Days, Bank Holiday and War

Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010, will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente. Sign-up for my 100% FREE Alerts

Hysteria of the horrid possibility of a European meltdown and the dire implications for the world economy a collapse implies will end, as the event finally turns into unequivocal reality by April 1, with accusations of ‘fear mongering’ by a significant portion of the mob quickly dropped in favor of the next predictable reaction to the crisis: outrage against those who allowed the collapse.

“I would say, since I’ve been doing this work, over 30 years ago, I’ve never been more concerned than I am right now,” Celente told ABC, Australia.

In Celente’s latest forecast, titled, The First Great War of the 21st Century—Prepare, Survive, Prevail, he paints a bleak picture for 2012, predicting a worsening of class warfare that already wages within more than a dozen countries, from Tunisia, Egypt, Yemen, Syria, Bahrain and Qatar to the UK, Greece and Italy, which will eventually spread to eastern Europe/central Asia and more intensely in the United States.

But, what the world has seen so far is only a economic and social symptom of central bankers’ stop-gap remedies, haphazardly applied to the global financial crisis since its beginning in the U.S. and the fall of Bear Stearns in 2008.

After dozens of trillions of dollars thrown at a global solvency crisis with nothing but further deterioration to show for the money spent, some wonder if the world is about to slide still further into depression.

According to Celente, when the European Union falters from too much supply of debt coming due ($7.3 trillion from G-7 nations, see zerohedge.com) against the backdrop of sliding demand for more debt, the European domino will topple other dominoes, widening the global depression to include the world’s larger economies.

“If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a depression,” Celente said.  “If you live in Lithuania, you’re running to the bank to get your money out of the bank as the bank runs go on.  It’s a depression.  Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria.  And there are a lot of depressions going on [already].”

And as far as a Chinese riding in on a white horse to save the day, Celente said, it’s “highly unlikely. China has 1.3 billion people with a million problems . . . If the Europeans and Americans don’t buy a lot of crap, then the Chinese can make it and sell it to them.”

He continued to explain that China will then likely slow its imports of materials from countries which have been supplying mined product during the commodities boom, leading to a vicious spiral of increased unemployment and declining economic activity—a scenario strongly intimated by Dow Theory Letters author Richard Russell in his latest letter to investors (excerpts posted on King World News).  Russell, too, expects a steepening U.S. depression, with 25 percent unemployment in the America as his target at the bottom of the depression.

“This whole thing is connected,” Celente explained. “China isn’t going to have the money to throw around to losers anymore than loan shark would give a gambler who can’t pay his old debts back and has a bad gambling habit another loan to gamble . . . They [Chinese] have their own problems to deal with.”

How bad will the next leg down in the world economy likely to be?  Could Russell be right?  Celente believes a comparison with the 1930s is a good one.  He continued, “ . . . you can even listen to Christine Lagarde, the head of the International Monetary Fund, or I like to fondly call it, the International Mafia Federation—the loan sharks of last resort—even she’s saying what we’ve been saying now for three years about the parallels between the Crash of 1929, the Great Depression, currency wars, trade wars, world war.

“The Panic of ’08; you have the Great Recessions—Great Depressions going on.  Oh, by the way, real estate prices in the United States, they’re at a steeper decline than they were during the Great Depression.  Foreclosures continue to mount.  It’s taking people over 40 weeks, who lose jobs to find another job, and then finding one at a fraction of what they lost the old one at.”

And as history demonstrates, when horrible economics overwhelm a society, political leaders search for a means of generating national jingoism to redirect the angry mob.  That search for political safety usually turns to war.

“So then you look at the trade wars that they’re now talking about,” Celente said.  “And, as I said, when you add them up, you have the beginnings of a great war going on already.  Oh, and now, and now, they’re talking about, hey, we did such a great job in Iraq and Afghanistan, why don’t we bomb Iran?  Have you heard the presidential candidates of the United States, with the exception of Ron Paul, that all want to go to war against Iran?  So you can see where it’s going.

“You have psychopaths that have caused a lot of these problems that are giving the answers to how to solve them by adding more violence and criminality on top of old violence and criminality.”

Celente said the kickoff to a global meltdown and a call to war could “spiral out of control” some time “by the first quarter of 2012” as the European crisis worsens to the point of a crack up.  “There’s no way to bail out the European nations,” Celente said forcefully.

And the build up to social unrest, calamity and possible civil war can be seen a mile away, said Celente, who segued into another one of the trends he sees for 2012: Safe Havens (escaping the United States).

“They just passed a law in the United states, the National Defense Authorization Act (NDAA),” he said.  “It now gives the president the right to identify a person like me and call me a terrorist and that I’m against the government.  And the military can come and break down my doors—the military—and arrest me, charge me with nothing, give me no trial, no rights of habeas corpus, no jury, no judge, and they can kill me if they so choose, torture me; they can send me to any country around the world.”

Celente advises preparing now for a quick route out of the United States if a bank holiday (a prediction of his) is called.  The ramifications of a dollar devaluation aren’t clear, but an enacted NDAA, FEMA camp readiness and scheduled TSA checkpoint expansion plans suggest the U.S. may enter a crisis on par with the lead up to the U.S. Civil War of 1861-5. Sign-up for my 100% FREE Alerts

Also see BER article, Gerald Celente Forecast 2012, FEMA Prepares for Dollar Collapse