Submitted by Michael Krieger of Liberty Blitzkrieg.
As all of my readers know, I am a huge supporter of Bitcoin for many reasons. What you may not know, is that five years ago today a still unknown individual(s) known by the pseudonym Satoshi Nakamoto released a white paper titled: Bitcoin: A Peer-to-Peer Electronic Cash System. The paper announced the Bitcoin concept to the world, and described how the network would deal with the wide variety of problems that might be encountered within the context of such an ambitious project…
Read the rest here.
The gold and silver smash that began at 2pm EST Wednesday on the release of the October FOMC statement (in which no taper whatsoever was announced) continued this morning, and both gold and silver were smashed on the COMEX open.
Silver has been smashed another 4% to $21.70, and gold over $20 to $1322.
Click here for more on the cartel’s latest FOMC gold and silver raid:
We discuss the Red Queen syndrome of running to stay in the same place – from money printing to fracking, more and more capital and energy are deployed just to stay economically even. In the second half, Max interviews Gregor Macdonald of Gregor.us about fracking, tight oil and the mythical future in which America is an oil giant – especially if oil prices EVER fall below $80 per barrel.
Demand for gold in the Middle East remains robust and there has been an eightfold increase or 700% increase in demand in recent years. Geopolitical uncertainty in the region, from Libya to Egypt to Syria and Iraq and Iran is leading to demand for bullion. (more…)
“It’s a great time to sell,” mused Anthony Breault, senior real estate investment officer at Oregon’s state pension fund. And Blackstone Group, the world’s largest private equity firm, is doing exactly that, feverishly, relentlessly, hand over fist, at peak valuations, at the peak of the bubble, cashing out of its highly leveraged mega investments, raking in profits. But look who will end up with it – whether they want it or not.
Read…… The Smart Money Denies They’re The Smart Money As They Franticly Sell Their Crown Jewels Before The Bubble Blows Up
Because I am slowly beginning to realise it is becoming clearer that the aftermath of the financial crash and its attendant outcomes was not just an accident waiting to happen. It was carefully thought-through by a group of powerful elites who realised that they could use the implications of the mess left behind by Gordon Brown and Ed Balls.
They could begin to dismantle the benefit culture ethos which had undeniably been allowed to spread like a virus under Brown.
Silver’s immediate support is at the $18/oz to $20/oz level (see charts) and store of value buyers should continue to accumulate on this dip. (more…)