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FT’s Tett: Gold “Tangible” and “Clear”; People “Unnerved” About “Money” in “Bottomless Cyber Space”

FT’s Tett: Gold “Tangible” and “Clear”; People “Unnerved” About “Money” in “Bottomless Cyber Space”

Gillian Tett, markets and finance commentator and an Assistant Editor and former U.S. Managing Editor of the Financial Times, looked at the increasing concerns about money today and the benefits of gold in an important article on Friday.


Gillian Tett, FT Assistant Editor

The article’s introduction pointedly states

“Ordinary people are unnerved about how money works in a bottomless cyber space. Gold seems tangible, clear and timeless”

She refers to numerous examples of how finite gold is taking a more prominent place in the public consciousness as a monetary asset and as money.

She mentions the Swiss gold referendum which will take place on Sunday and how at least a very large minority of the Swiss population prefer gold-backed currency to fiat. She also mentions Rand Paul of the U.S. Republican party who favours greater use of gold as currency.

She makes some important points regarding gold being tangible and finite in a world of trillion dollar central bank experiments and a risky “ethereal” or intangible cyberspace:

“Most ordinary people have no idea what central banks are really doing, with their trillion-dollar experiments. They are unnerved about how money works in a bottomless cyber space. But the beauty of gold is that it seems tangible, clear and finite. It also seems timeless, creating an impression of permanent, intrinsic value.

Of course, this image is – ironically – also an illusion. You cannot actually do anything practical with gold (as you can, say, with a lump of coal). Its value, like that of fiat currency, depends on social convention. But culture, as Greenspan now recognises, is a very powerful thing – especially in a world of finance that is rushing more deeply into ethereal cyberspace every day.”

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Public debt as a percentage of GDP for 54 emerging economies

Stacy Summary: If you only had the FT and the Economist to go by, you’d have thought that this list would have been topped by Russia . . .


Navy Veteran is Fired from Hotel Job and Called a “Terrorist” for Posting Pictures of DHS Vehicles on Facebook

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You probably haven’t heard of Mark Paffrath, the 28-year-old Navy veteran, and former employee of the Drury hotel chain, who was fired from his job and called a “terrorist” for taking pictures of Department of Homeland Security (DHS) vehicles and posting them to his personal Facebook page…

Read the rest here.

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Global Business Outlook: “Darkest Picture since Financial Crisis.” US Deterioration “of Greatest Concern”

The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward – not by economists and Wall Street hype mongers: their outlook for the next 12 months has plummeted to the worst level since crisis year 2009.

Read…  Global Business Outlook: “Darkest Picture since Financial Crisis.” US Deterioration “of Greatest Concern” 

Banksters Warning Swiss Citizens a Yes Vote on Swiss Referendum Will Unleash GOLD’MAGEDDON

The Swiss are being told that repatriating the gold would likely result in turbulence for the Swiss Franc.
They’re being told that bringing the gold back is uneconomical.
They’re being told that bringing the gold back is a step backwards, into archaic, dis-proven monetary and economic theories!
They’re being told that bringing the gold back would create enormous currency problems for greater Europe as a whole.
The Banksters are literally trying to sell the Swiss on the narrative, that if they green-light the repatriation, a regular GOLD’MAGEDDON would commence in T-minus, 5, 4, 3, 2, 1!

Click here for more on the banksters intimidation tactics on the Swiss Gold Referendum:

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122 Tonnes of Gold Secretly Repatriated to Netherlands

122 Tonnes of Gold Secretly Repatriated to Netherlands

The Dutch central bank said Friday it is repatriating some of its gold reserves from the U.S., making it the latest central bank in Europe to address public concerns about the safety of its gold in the wake of the eurozone debt crisis.


As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it’s climax – the referendum takes place on Sunday – it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.

The gold, worth $5 billion at today’s prices, represents 20% of the Netherlands total reserves. It now keeps 31% of its reserves in Amsterdam. Another 31% is believed to be in New York, with the remainder spread between Ottawa and London – the same locations where the bulk of Swiss gold is purported to be stored.

The trend towards gold repatriation began with Hugo Chavez bringing Venezuelan gold back to Caracas in 2011.  It has been followed by similar moves  by other large gold owning nations and central banks, most notably, Germany.

The repatriation movement has been driven by suspicion that the Federal Reserve and other central banks may have leased or sold gold it was holding on behalf of other countries to bullion banks and that this gold may have been used in order to suppress the price of gold in recent years…

 

 

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The Tax Justice Network Podcast, November 2014

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”You can lie and steal from us again but this time we’ll know who you are’ – Ukraine becomes the first country in the world to introduce a public registry of the real owners of companies. The Taxcast speaks to the Director of Ukraine’s Anti-Corruption Action Centre about stopping corruption that continues to cost lives. Also: we look at the fallout from the latest leaks from the International Consortium of Investigative Journalists on corporate tax avoidance in Luxembourg, or #LuxLeaks, Kenya considers ending corporate tax holidays, and why is the taxpayer-funded European Investment Bank lending money to companies which are heavy users of tax havens? All that and more scandal. CLICK HERE OR ON THE LOGO TO LISTEN

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Featuring: The Tax Justice Network’s John Christensen and George Turner, Daria Kaleniuk of the Anti-Corruption Action Centre in Ukraine and a brief appearance from the disgraced former Ukrainian President Yanukovych. Produced and presented by @Naomi_Fowler for the Tax Justice Network.

Previous Taxcasts available here and here.

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The Astonishing Rise of Central Bank Fear

Anyone who looks at central bankers speak can sense the fear behind their absurd bravado, and the dishonesty of their public confidence.

The extraordinary disconnect between soaring stock markets and stagnating real economies has been gleefully embraced by all who benefit from the disconnect:

(more…)

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SolarPanels project crowdfunded for coffee farmers!

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StartJoin – ‘Support Solar Panels’  project!

For generations the farm, which is located on a volcano in El Salvador, has successfully carried out a working farm without electricity, which uses main resources like manual power which provides jobs to the community, natural rainwater collected by large pools and distributed manually via pumps, which all helps us continue to sustain very minimal waste both financially and environmentally (strictly mainly organic waste vrs. harmful waste).

Thanks to a fun and exciting crowdfunding adventure on StartJoin, our farm has crowdfunding2begun raising funds for our ‘Support Solar Panels’ project. We will continue to adapt and communicate our journey and allow people that believe in our story to help contribute to the future and lead by example for future generations to come.

Creator of project: C. Page

Full story here

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In Great Britain, Protecting Pedophile Politicians is a Matter of “National Security”

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Those with the sickest minds, and who wish to act upon their destructive fantasies, understand that they can most easily get away with their deeds if they are protected by an aura of power and ostensible respectability. They believe that as a result of their status, no one would dare accuse them of horrific activities, and if it ever came to that, they could quash any investigation. Unfortunately for us all, this is typically the case…

Read the rest here.

Sinead O’Connor calls for Non Violent Revolution in Ireland

Briefly taking the chair on Ireland’s most watched chat show Sinead O’Connor spoke out about police violence towards women water protesters and called for a non violent revolution.  The clip has been censored by RTE (Irish State Broadcaster) Read here.

Mean while presenter on Newtalk 106 (Owned By Ireland’s main private media moghul) calls for Dictatorship. From 19 mins in. I guess George hook would be closer to Pinochet than Chavez.Listen here.

PM Fund Manager Explains Why Kitco’s PM Prices Are NOT Spot Prices

PM fund manager Dave Kranzer joins us this week for a power packed show discussing: 

Click here for the SD Weekly Metals & Markets With The Doc, Eric Dubin, & PM Fund Manager Dave Kranzler:

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