— StartJOIN (@StartJOIN) October 6, 2015
— StartJOIN (@StartJOIN) October 6, 2015
By now, all of you will have read about the U.S. military’s recent bombing of a Doctors Without Borders hospital in Kunduz, Afghanistan. What you may not be aware of, is how much the official story has changed in the days since this inexcusable act of barbarism became public.
Doctors Without Borders has been calling the attack a “war crime,” which to the average American sounds outlandish and impossible. The justification for this claim is simple — that the airstrike wasn’t an accident at all, and that the U.S. military intentionally targeted the hospital. As the days go by, it becomes increasingly clear that this is indeed the case, and the Pentagon is now scrambling to justify the intentional targeting of a hospital.
Read the rest here.
“Whether they pay in dollars, francs or bitcoins, people are spending more money to watch content across more distribution platforms than ever before, and our goal is to offer them greater choice..”
This summer we said things were going to get crazy this fall. As always, some people scoffed. But we are only a week-and-a-half into fall and already there have been massive, massive events. Aside from the global markets losing somewhere north of $10 trillion since our Shemitah Exposed video (still highly relevant, see here) was released the world has had tremendous changes. To make it easier to understand these ground-shaking events let’s take a look at just some of the changes in the last two months: Read more ›
We discuss the big banks wanting the blockchain without bitcoin, which they claim is associated with money laundering and yet happily pump big bucks into the property market in the UK, which a senior police officer has identified as the preferred location for dirty money. In the second half, Max talks to Jaromil of Dyne.org about blocksize – why does it matter?
The bullish outlook for gold prices was covered by Dow Jones Marketwatch by yesterday.
“Gold prices may be ready to make a significant move higher as holdings of the precious metal in the SPDR Gold Trust exchange-traded fund climb to their highest level in more than two months.”
GoldCore believes that gold may have “bottomed in the summer,” and could climb to as high as $1,300 an ounce by the end of this year.
And longer term, O’Byrne expects gold to “double in price and surpass its inflation-adjusted high of $2,500 per ounce in the next 3 to 5 years.”
The metal “remains undervalued when compared to assets such as stocks, bonds and property—all of which have surged in recent years,” he said.
The full article from Marketwatch can be read here – Gold may be on verge of ‘breakout’ higher as ETF holdings rise
Today’s Gold Prices: USD 1136.90, EUR 1014.55 and GBP 749.19 per ounce.
Yesterday’s Gold Prices: USD 1114.20, EUR 998.66 and GBP 735.69 per ounce.
Read more on the GoldCore.com blog
Gold may be on verge of ‘breakout’ higher as ETF holdings rise – MarketWatch
Gold Trading Slightly Higher in Asia – Wall Street Journal
Gold futures extend gains to a second straight session – MarketWatch
Gold edges up on weaker dollar, soft U.S. jobs data – Reuters
U.S. service sector growth ebbs in September – Reuters
This is a new opportunity to buy gold: Technician – CNBC
The Silver Market Disconnect Continues: 2 Must See Charts – SilverSeek.com
China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China – ZeroHedge
UK economy seen slowing after slide in services activity – Reuters
UK economic growth has slowed dramatically, latest survey suggests – The Guardian
Read more News & Commentary from GoldCore.com
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“I think the American people should be extremely concerned about their personal rights and privacy. As I was being searched at the airport, there was a Latino couple to my left, and an Asian couple to my right also being aggressively searched. I briefly had to remind myself that this was not North Korea or Nazi Germany. This is the land of the Free.
– Anthony Silva, Mayor of Stockton, California
Just in case you’re still under the infantile illusion that you reside in a free country.
Read more here.
Angry workers at Air France have attacked and ripped the shirts from the backs of two company executives after the airline announced 2,900 job losses on Monday morning.
Several hundred employees were reported to have stormed the company’s central committee meeting at its headquarters near Charles de Gaulle airport in Paris, forcing senior managers to flee.
UPDATE: The shirtless guy up top is the Director of Human Resources.
— A common lawyer (@acommonlawyer) October 5, 2015
– BIS warns “unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills”
– Bank of International Settlements warns that recent turmoil is not caused by isolated incidents
– Debt levels are now so extreme they threaten the financial system
– Ultra low rates have led to mal-investment and bigger boom/bust cycles
– Emerging markets vulnerable to deeper crises
– ECB easy money may juice markets for a while but reckoning is coming
– BIS acknowledge that central banks rig markets
– Gold and silver protect against crises in financial system
BIS via Business Insider
In a stark warning, the Bank for International Settlements (BIS), the central bank of central banks, has said in its quarterly report that the turmoil that has shaken global stock markets in recent weeks showed how developed and emerging markets were exposed to the unwinding of financial vulnerabilities built up since the 2008 crisis.
The sell-offs rocking equity markets reflect the “release of pressure” accumulated along “major fault lines”, the BIS said, as it warned that investors should not expect central banks to be able to ride to the rescue and solve such deep-rooted problems.
The BIS thus dispelled the misleading narrative that the growing instability in global markets can be brought under control by the Federal Reserve and other masters of monetary policy.
According to the head of its Monetary and Economic department, Claudio Borio “It is unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills.”
In the report the BIS – known as the central bank of central banks – warned that recent turmoil in markets were not caused by isolated incidents but rather “the release of pressure that has gradually accumulated over the years along major fault lines”.
The Bank was one of the few large entities to warn in advance of the crash in 2008 [see “Gold Up as the $500 Trillion Derivatives Time Bomb Keeps Ticking“]. The report warned that debt levels are now so extreme that they threaten the entire financial system.
Public and private debt in the developed world has risen 36% since the crisis and is now 265% of GDP. It adds that the post-crisis problems have been dealt with with the same ineffectual policies that caused the crisis – prolonged ultra low interest rates and easy monetary policy.
In this period of ultra low rates – and rates have not risen in almost a decade – rich countries have become bloated on debt rather than paying down and clearing the imbalances in the system. The West may consequently be entering a period of stagnation similar to the trap that has afflicted Japan since the 1990’s.
Borio warned that investor reliance on every pronouncement by the Fed were hampering its desire to return to a normal rate environment.
“This is . . . a world in which interest rates have been extraordinarily low for exceptionally long and in which financial markets have worryingly come to depend on central banks’ every word and deed, in turn complicating the needed policy normalisation,” – Claudio Borio
Read more on the GoldCore.com blog
Gold retains sharp gains after sluggish U.S. jobs data – Reuters
Gold Holds Biggest Gain Since January on Rates; Palladium Surges – Bloomberg
Gold scores more than 2% gain, but still posts weekly loss – MarketWatch
Economists Can’t Find the Silver Lining in Poor Jobs Report – Bloomberg
Perth Mint Silver Sales Jump As Prices Fall to Six-Year Low – Bloomberg
We’re in a really scary market: Paul Gambles – CNBC
Thoughts From the Frontline: Recession Watch – Maudlin Economics
Physical Silver Demand Will Destroy Paper Rigged Markets – SRSRocco Report
Gundlach Explains Why The Market Hasn’t Crashed Yet: “People Are Holding And Hoping” – Zero Hedge
Russia bombing in Syria escalates oil price war with Saudi Arabia – The Telegraph
Read more News & Commentary on GoldCore.com
Not that they ever were, but they’ve finally decided to be explicit about it. Which to be honest, is pretty scary.
From the Independent:
Human rights are no longer a “top priority” for the Government, Britain’s most senior Foreign Office official has admitted, as ministers put resources into supporting trade deals ahead of tackling injustice in other parts of the world. In a remarkably frank admission to MPs, Sir Simon McDonald, Permanent Secretary at the Foreign Office, said that human rights no longer had the “profile” within his department that they had “in the past”.
Yes, you read that right. Trade deals. You know like…
Read more here.