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Friday, July 31, 2015
Thursday, July 30, 2015
Wednesday, July 29, 2015
4 Mainstream Media Articles Mocking Gold That Should Make You Think
Killing off the only safe haven for assets by ad hominem attacks and naked shorts, the satanic network is doing everything possible to prevent people from the precaution of wealth preservation. THis is a most deadly and serious omen that indeed, something wicked this way comes.
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Submitted by Mike Krieger via Liberty Blitzkrieg blog,
For those of you who have been reading my stuff since all the way back to my Wall Street years at Sanford Bernstein, thanks for staying along for the ride. I appreciate your support immensely considering that I essentially no longer write about financial markets at all, and for many of you, that remains your profession and primary area of interest.
There are many reasons why I stopped commenting on markets, but the main reason is that I started to recognize I wasn’t getting it right. In fact, in some cases I was getting it spectacularly wrong. Whenever this happens, I try to isolate the problem and fix it. In this case there was no fix, because much of why I was no longer getting it right was rooted in the fact that my heart, soul and passion had moved onto other things. My interests had expanded, and I started a blog to express myself on myriad other matters I deemed important. Providing relevant market information needs intense focus, and my focus had shifted elsewhere. I recognized that I wasn’t intellectually interested enough in centrally planned markets to provide insightful analysis, and so I stopped.
This doesn’t mean I won’t start up again. When central planners do lose control, I may indeed become far more interested in opining on such matters. Time will tell. In the interim, financial markets do still play an important role in the bigger picture of social, political and economic trends I passionately care about. The stability and increase in financial assets (stocks and bonds) is of huge importance to the propaganda machine, in particular keeping the non-oligarchic, non-politically connected 1% in line and believing the hype (see: The Stock Market: Food Stamps for the 1%).
So while I won’t claim to know when the paradigm shift will begin in earnest, I do rely on people who have gotten macro forecasts right, and there is no one better than Martin Armstrong. Years ago, he was saying that nothing goes up in a straight line and that gold would experience a severe correction before beginning its real bull market. We are seeing his prediction unfold before our very eyes. What he also said is that as gold approached the $1,000 per/oz mark or even below, everyone would proclaim that “gold is dead” and start making comically bearish statements. In a nutshell, negative sentiment would plunge to levels not seen in years, if not more than a decade. We are starting to see this now.
Here are four mainstream media articles that provide some evidence we may be approaching a sentiment low. Some of them I’m sure you’ve seen, others perhaps not. What amazes me is how they’ve all come out within the last two weeks.
1) From the Wall Street Journal: Let’s Be Honest About Gold: It’s a Pet Rock
Here are a few choice excerpts:
Moving on.
2) From the Washington Post: Gold is Doomed
Here are some examples:
Moving along to the next article:
3) From Bloomberg: Gold Is Only Going to Get Worse
4) From Market Watch: Two Reasons Why Gold May Plunge to $350 an Ounce.
Some choice quotes to think about:
While I certainly accept that gold prices could fall further from here, I don’t think they will go anywhere near $350/oz, or $500/oz. If Claude Erb cares to make a public bet with me on that, he can find me here.
----------------------
For those of you who have been reading my stuff since all the way back to my Wall Street years at Sanford Bernstein, thanks for staying along for the ride. I appreciate your support immensely considering that I essentially no longer write about financial markets at all, and for many of you, that remains your profession and primary area of interest.
There are many reasons why I stopped commenting on markets, but the main reason is that I started to recognize I wasn’t getting it right. In fact, in some cases I was getting it spectacularly wrong. Whenever this happens, I try to isolate the problem and fix it. In this case there was no fix, because much of why I was no longer getting it right was rooted in the fact that my heart, soul and passion had moved onto other things. My interests had expanded, and I started a blog to express myself on myriad other matters I deemed important. Providing relevant market information needs intense focus, and my focus had shifted elsewhere. I recognized that I wasn’t intellectually interested enough in centrally planned markets to provide insightful analysis, and so I stopped.
This doesn’t mean I won’t start up again. When central planners do lose control, I may indeed become far more interested in opining on such matters. Time will tell. In the interim, financial markets do still play an important role in the bigger picture of social, political and economic trends I passionately care about. The stability and increase in financial assets (stocks and bonds) is of huge importance to the propaganda machine, in particular keeping the non-oligarchic, non-politically connected 1% in line and believing the hype (see: The Stock Market: Food Stamps for the 1%).
So while I won’t claim to know when the paradigm shift will begin in earnest, I do rely on people who have gotten macro forecasts right, and there is no one better than Martin Armstrong. Years ago, he was saying that nothing goes up in a straight line and that gold would experience a severe correction before beginning its real bull market. We are seeing his prediction unfold before our very eyes. What he also said is that as gold approached the $1,000 per/oz mark or even below, everyone would proclaim that “gold is dead” and start making comically bearish statements. In a nutshell, negative sentiment would plunge to levels not seen in years, if not more than a decade. We are starting to see this now.
Here are four mainstream media articles that provide some evidence we may be approaching a sentiment low. Some of them I’m sure you’ve seen, others perhaps not. What amazes me is how they’ve all come out within the last two weeks.
1) From the Wall Street Journal: Let’s Be Honest About Gold: It’s a Pet Rock
Here are a few choice excerpts:
Gold is supposed to be a haven amid hard times and soft money. So why, even as Greece has defaulted, the euro has sunk against the dollar, and the Chinese stock market has stumbled, has gold been sitting there like a pet rock?Think about some of the words and phrases used in this WSJ article:
Many people may have bought gold for the wrong reasons: because of its glittering 18.7% average annual return between 2002 and 2011, because of its purportedly magical inflation-fighting properties, because it is supposed to shine in the darkest of days. But gold’s long-term returns are muted, it isn’t a panacea for inflation, and it does well in response to unexpected crises—but not long-simmering troubles like the Greek situation. And you will put lightning in a bottle before you figure out what gold is really worth.
With greenhorns in gold starting to figure all this out, the price has gotten tarnished. It is time to call owning gold what it is: an act of faith. As the Epistle to the Hebrews defined it forevermore, “Faith is the substance of things hoped for, the evidence of things not seen.” Own gold if you feel you must, but admit honestly that you are relying on hope and imagination.
Recognize, too, that gold bugs—the people who believe in owning the yellow metal no matter what—often resemble the subjects of a laboratory experiment on the psychology of cognitive dissonance.
So, if buying gold is an act of faith, how much money should you put on the line?
Anything much above that is more than an act of faith; it is a leap in the dark. Not even gold’s glitter can change that.
“Pet rock.”Condescending as the entire article is to gold owners, he even goes so far to quote the Hebrew Bible!
“Greenhorns in gold (greenhorn means a person who lacks experience and knowledge).”
“It is time to call owning gold what it is: an act of faith.”
“Gold bugs often resemble the subjects of a laboratory experiment on the psychology of cognitive dissonance (this is actually true in many ways).”
Moving on.
2) From the Washington Post: Gold is Doomed
When you think about it, a bet on gold is really a bet that the people in charge don’t know what they’re doing. Policymakers missed yesterday’s financial crisis, so maybe they’re missing tomorrow’s inflation, too. That, at least, is what a cavalcade of charlatans, cranks, and armchair economists have been shouting for years now, from the penny ads that run on the bottom of websites — did you know that the $5 bill proves the stock market is on the cusp of crashing? — to Glenn Beck infomercials and even hedge fund conferences. Indeed, John Paulson, who made more fortunes than you can count betting against subprime, has been piling into gold for six years now, because he thinks “the consequences of printing money over time will be inflation.” They all do. Goldbugs act like the Federal Reserve’s public balance sheet is a secret only they have discovered, and that it’s only a matter of time until prices explode like they did in the 1970s United States, if not 1920s Germany.While I agree that many gold bugs do deserve the criticism they get, it’s interesting to see the way in which the Washington Post demonizes them as:
But economists do, for the most part, know what they’re doing. Sure, they missed the crash coming in 2008, but that wasn’t because they didn’t understand how bank runs work. It was because they didn’t understand that unregulated lenders had become vulnerable to runs. And the economists who haven’t forgotten their history knew that this inflation fear mongering was all wrong too. Specifically, there’s a difference between the central bank buying bonds, a.k.a. printing money, when interest rates are zero and when they’re not. In the first case, money and short-term bonds both pay the same amount of interest — none — so, as Paul Krugman has explained over and over again, printing one to buy the other won’t change anything. Banks won’t lend out any new money, and will just sit on it as a store of value instead. That’s what happened when interest rates fell to zero in 2000s Japan, and it’s what is happening now in the U.S., U.K., Japan, and Europe.
It almost makes you feel bad for the goldbugs, until you remember that some substantial number of them are just trying to scare seniors out of their money. But the ones who aren’t really thought the 1970s showed that gold went up when inflation did, so the fact that gold was going up now meant inflation couldn’t be far behind. They didn’t understand that the price of gold doesn’t depend on how much inflation there is, but rather on how much inflation there is relative to interest rates. So now that rates are rising, gold, as you can see below, is falling. Wait a minute, rates are rising? Well, yes. The Federal Reserve hasn’t actually raised rates yet, but it has talked about it enough that markets have reacted as if it already did. That’s been enough to make real rates positive again.
“Just trying to scare seniors out of their money.”But the purpose of the above article is less about demonizing gold bugs, and more about praising the existing system of crank central planners that no one other than starry eyed pundits and thieving oligarchs actually support (see: “Revolution is Coming” – The Top 20 Responses to Jon Hilsenrath’s Idiotic WSJ Article).
Here are some examples:
But economists do, for the most part, know what they’re doing.This story is far from over, as the Fed has yet to raise interest rates. Talk to me about victory when rates normalize.
Paul Krugman has explained over and over again, printing one to buy the other won’t change anything.
Moving along to the next article:
3) From Bloomberg: Gold Is Only Going to Get Worse
The problem for gold isn’t just that prices are dropping. For many, the metal also has lost its charisma.Let’s once again highlight some of the terminology used.
Prices will drop to $984 an ounce before January, according to the average estimate in a Bloomberg News survey of 16 analysts and traders. That would be the lowest since 2009 and a 10 percent retreat from Tuesday’s settlement. Speculators are shorting the metal for the first time since U.S. government data began in 2006, and holders of exchange-traded products are selling at the fastest pace in two years.
“Gold is out of fashion like flared trousers: no one wants it,” said Robin Bhar, an analyst at Societe Generale SA in London. “It’s not going to collapse, but we think it is going to be at a lower level in the not-too-distant future.”
“Gold is a weird relic of antiquity,” said Brian Barish, who helps oversee about $12.5 billion at Denver-based Cambiar Investors LLC. “It’s not a commodity that has much fundamental demand. It’s pretty, so people use it for jewelry. But it’s unlike iron ore or oil, or copper, or corn. There’s not specific end-use for it. People just like it, so it becomes a discussion about fervor.”
The metal also has lost its charismaSo now it’s magically turned into a human being as opposed to a pet rock.
Speculators are shorting the metal for the first time since U.S. government data began in 2006Finally, for the last article. This one takes on more of the tone from the WSJ article, basically just calling gold buyers imbeciles.
“Gold is out of fashion like flared trousers: no one wants it.
“Gold is a weird relic of antiquity.”
4) From Market Watch: Two Reasons Why Gold May Plunge to $350 an Ounce.
CHAPEL HILL, N.C. (MarketWatch) — Gold bugs, who have just begun to digest bullion’s more than $100 drop over the past month, need to prepare for the possibility of an even bigger decline.
That, at least, is the forecast of Claude Erb, a former commodities manager at fund manager TCW Group, and co-author (with Campbell Harvey, a Duke University finance professor) of a mid-2012 study that forecast a plunging gold price. They deserve to be listened to, therefore, since — unlike many latter-day converts to the bearish thesis — they forecast a long-term gold bear market when it was only just beginning.
You might think that, with gold now trading more than $500 lower than when the study was released, Erb would declare victory and leave well enough alone. But Erb is doing nothing of the sort. Earlier this week, he told me that the gold community now needs to consider the distinct possibility that gold will trade for as low as $350 an ounce.
Erb uses the five well-know stages of grief to characterize where the gold market currently stands. Those stages are denial, anger, bargaining, depression and acceptance, and he argues that the gold-bug community currently is in the “bargaining” stage.
Erb imagines them saying the functional equivalent of: “So long as gold stays above $1,000 an ounce, I’ll go to church every Sunday.”
Over shorter terms measured in years, according to their research, you must take seriously the possibility that gold won’t just drop below $1,000 an ounce but, eventually, to a far, far lower price as well.
The gold community now needs to consider the distinct possibility that gold will trade for as low as $350 an ounce.This is pretty much peak condescension, and once again, notice the religious imagery.
Erb uses the five well-know stages of grief to characterize where the gold market currently stands.
“So long as gold stays above $1,000 an ounce, I’ll go to church every Sunday.”
Gold won’t just drop below $1,000 an ounce but, eventually, to a far, far lower price as well.I didn’t write this article to “call the bottom in gold” or anything like that. I merely want to flag these four articles due to the hyperbolic nature of some of the statements made (they are exhibiting pretty much exactly the same behavior as the gold bugs they mock do). I do think that something is happening on the sentiment front that warrants we are closer to the bottom that the mid-stages of a bear market.
While I certainly accept that gold prices could fall further from here, I don’t think they will go anywhere near $350/oz, or $500/oz. If Claude Erb cares to make a public bet with me on that, he can find me here.
Tuesday, July 28, 2015
Have Cash On Hand To Survive For Three Months: “No Institution Is Safe”
No institution is safe for all can be closed by decree, including credit
unions. This is true of safe deposit boxes as well. They may not
confiscate it, but they can deny access. PLAN B should be an amount of cash that is enough to live on for at least one month if not three months insofar as basic essentials, not mortgages, etc. Effectively this is food money and gas for the car.
Gold coins will not help in this case, nor will silver coins, for we are not talking about trying to preserve wealth; this is the emergency stash for living purposes in case you need CASH, which is recognized by everyone. Try explaining a silver quarter to a teenage clerk who has no authority to accept a quarter for more than a quarter. Precious metals will be more of an underground economy of barter; it will not be useful at the local supermarket.
Also, keep in mind that cash could come in handy in a computer failure, whereas you cannot access a bank, exchange, etc. just to survive for there could be a scenario where not even plastic credit cards or debt cards would offer any help.
Source: Armstrong Economics
America goes the way of Greece and the government enacts capital controls you can fully expect hours-long lines at ATM machines and banks just to get your daily allotment of $50 – $100. That, of course, is not enough for the majority of Americans to cover their most basic expenses including mortgage payments, food, and other necessary expenditures.
In such a scenario, having a one to three month reserve of cash will come in handy.
And though Armstrong says that gold and silver will likely not be accepted at your local super market, he has also previously noted that gold itself is an asset of last resort to preserve wealth in a situation where the public has lost confidence in their governing bodies. Thus, while you may not be able to hand a pre-1965 junk silver quarter to your grocery clerk in the immediate aftermath of a financial emergency, barter markets will likely emerge just like they did in Greece following the initial collapse of that country and at that point trading directly with gold, silver or other physical assets like liquor, cigarettes and food may become commonplace.
It should be clear that something is very wrong in financial markets. There is a wide body of evidence confirming this assessment, but most recently we learned that China has dumped over half a trillion in dollar-denominated assets and many of the same scenarios we saw in 2008 are playing out all over again.
Gold coins will not help in this case, nor will silver coins, for we are not talking about trying to preserve wealth; this is the emergency stash for living purposes in case you need CASH, which is recognized by everyone. Try explaining a silver quarter to a teenage clerk who has no authority to accept a quarter for more than a quarter. Precious metals will be more of an underground economy of barter; it will not be useful at the local supermarket.
Also, keep in mind that cash could come in handy in a computer failure, whereas you cannot access a bank, exchange, etc. just to survive for there could be a scenario where not even plastic credit cards or debt cards would offer any help.
Source: Armstrong Economics
America goes the way of Greece and the government enacts capital controls you can fully expect hours-long lines at ATM machines and banks just to get your daily allotment of $50 – $100. That, of course, is not enough for the majority of Americans to cover their most basic expenses including mortgage payments, food, and other necessary expenditures.
In such a scenario, having a one to three month reserve of cash will come in handy.
And though Armstrong says that gold and silver will likely not be accepted at your local super market, he has also previously noted that gold itself is an asset of last resort to preserve wealth in a situation where the public has lost confidence in their governing bodies. Thus, while you may not be able to hand a pre-1965 junk silver quarter to your grocery clerk in the immediate aftermath of a financial emergency, barter markets will likely emerge just like they did in Greece following the initial collapse of that country and at that point trading directly with gold, silver or other physical assets like liquor, cigarettes and food may become commonplace.
It should be clear that something is very wrong in financial markets. There is a wide body of evidence confirming this assessment, but most recently we learned that China has dumped over half a trillion in dollar-denominated assets and many of the same scenarios we saw in 2008 are playing out all over again.
the smart money KNOWS a crash is coming...it's how they spend their capital reserves that confirms it. |
Similarly, black parents, advising their kids on how to deal with police, tell them to just obey the officer’s orders. “The goal,” as one parent pointed out, “is to stay alive.”
Drivers, Beware: The Costly, Deadly Dangers Of Traffic Stops In The American Police State
Submitted by John Whitehead via The Rutherford Institute,
“The Fourth Amendment was designed to stand between us and arbitrary governmental authority. For all practical purposes, that shield has been shattered, leaving our liberty and personal integrity subject to the whim of every cop on the beat, trooper on the highway and jail official. The framers would be appalled.”—Herman Schwartz, The NationTrying to predict the outcome of any encounter with the police is a bit like playing Russian roulette: most of the time you will emerge relatively unscathed, although decidedly poorer and less secure about your rights, but there’s always the chance that an encounter will turn deadly.
The odds weren’t in Walter L. Scott’s favor. Reportedly pulled over for a broken taillight, Scott—unarmed—ran away from the police officer, who pursued and shot him from behind, first with a Taser, then with a gun. Scott was struck five times, “three times in the back, once in the upper buttocks and once in the ear — with at least one bullet entering his heart.”
Samuel Dubose, also unarmed, was pulled over for a missing front license plate. He was reportedly shot in the head after a brief struggle in which his car began rolling forward.
Levar Jones was stopped for a seatbelt offense, just as he was getting out of his car to enter a convenience store. Directed to show his license, Jones leaned into his car to get his wallet, only to be shot four times by the “fearful” officer. Jones was also unarmed.
Bobby Canipe was pulled over for having an expired registration. When the 70-year-old reached into the back of his truck for his walking cane, the officer fired several shots at him, hitting him once in the abdomen.
Dontrell Stevens was stopped “for not bicycling properly.” The officer pursuing him “thought the way Stephens rode his bike was suspicious. He thought the way Stephens got off his bike was suspicious.” Four seconds later, sheriff’s deputy Adams Lin shot Stephens four times as he pulled out a black object from his waistband. The object was his cell phone. Stephens was unarmed.
If there is any lesson to be learned from these “routine” traffic stops, it is that drivers should beware.
At a time when police can do no wrong—at least in the eyes of the courts, police unions and politicians dependent on their votes—and a “fear” for officer safety is used to justify all manner of police misconduct, “we the people” are at a severe disadvantage.
According to the Justice Department, the most common reason for a citizen to come into contact with the police is being a driver in a traffic stop. On average, one in 10 Americans gets pulled over by police. Black drivers are 31 percent more likely to be pulled over than white drivers, or about 23 percent more likely than Hispanic drivers. As the Washington Post concludes, “‘Driving while black’ is, indeed, a measurable phenomenon.”
As Sandra Bland learned the hard way, the reason for a traffic stop no longer matters. Bland, who was pulled over for allegedly failing to use her turn signal, was arrested after refusing to comply with the police officer’s order to extinguish her cigarette and exit her vehicle. The encounter escalated, with the officer threatening to “light” Bland up with his taser. Three days later, Bland was found dead in her jail cell.
“You’re doing all of this for a failure to signal?” Bland asked as she got out of her car, after having been yelled at and threatened repeatedly. Had she only known, drivers have been pulled over for far less. Indeed, police officers have been given free range to pull anyone over for a variety of reasons.
This approach to traffic stops (what I would call “blank check policing,” in which the police get to call all of the shots) has resulted in drivers being stopped for windows that are too heavily tinted, for driving too fast, driving too slow, failing to maintain speed, following too closely, improper lane changes, distracted driving, screeching a car’s tires, and leaving a parked car door open for too long.
Motorists can also be stopped by police for driving near a bar or on a road that has large amounts of drunk driving, driving a certain make of car (Mercedes, Grand Prix and Hummers are among the most ticketed vehicles), having anything dangling from the rearview mirror (air fresheners, handicap parking permits, troll transponders or rosaries), and displaying pro-police bumper stickers.
Incredibly, a federal appeals court actually ruled unanimously in 2014 that acne scars and driving with a stiff upright posture are reasonable grounds for being pulled over. More recently, the Fifth Circuit Court of Appeals ruled that driving a vehicle that has a couple air fresheners, rosaries and pro-police bumper stickers at 2 MPH over the speed limit is suspicious, meriting a traffic stop.
Unfortunately for drivers, not only have traffic stops become potentially deadly encounters, they have also turned into a profitable form of highway robbery for the police departments involved.
As The Washington Post reports, “traffic stops for minor infractions such as speeding or equipment violations are increasingly used as a pretext for officers to seize cash from drivers.” Relying on federal and state asset forfeiture laws, police set up “stings” on public roads that enable them to stop drivers for a variety of so-called “suspicious” behavior, search their vehicles and seize anything of value that could be suspected of being connected to criminal activity. Since 2001, police have seized $2.5 billion from people who were not charged with a crime and without a warrant being issued.
“In case after case,” notes The Washington Post, “highway interdictors appeared to follow a similar script. Police set up what amounted to rolling checkpoints on busy highways and pulled over motorists for minor violations, such as following too closely or improper signaling. They quickly issued warnings or tickets. They studied drivers for signs of nervousness, including pulsing carotid arteries, clenched jaws and perspiration. They also looked for supposed ‘indicators’ of criminal activity, which can include such things as trash on the floor of a vehicle, abundant energy drinks or air fresheners hanging from rearview mirrors.”
If you’re starting to feel somewhat overwhelmed, intimidated and fearful for your life and your property, you should be. Never before have “we the people” been so seemingly defenseless in the face of police misconduct, lacking advocates in the courts and in the legislatures.
So how do you survive a police encounter with your life and wallet intact?
The courts have already given police the green light to pull anyone over for a variety of reasons. In an 8-1 ruling in Heien v. North Carolina, the U.S. Supreme Court affirmed that police officers can pull someone over based on a “reasonable” but mistaken belief about the law.
Of course, what’s reasonable to agents of the police state may be completely unreasonable to the populace. Nevertheless, the moment those lights start flashing and that siren goes off, we’re all in the same boat: we must pull over.
However, it’s what happens after you’ve been pulled over that’s critical. Survival is the key.
Technically, you have the right to remain silent (beyond the basic requirement to identify yourself and show your registration). You have the right to refuse to have your vehicle searched. You have the right to film your interaction with police. You have the right to ask to leave. You also have the right to resist an unlawful order such as a police officer directing you to extinguish your cigarette, put away your phone or stop recording them.
However, as Bland learned the hard way, there is a price for asserting one’s rights. “Faced with an authority figure unwilling to de-escalate the situation, Bland refused to be bullied or intimidated,” writes Boston Globe contributor Renee Graham. “She understood her rights, but for African-Americans in encounters with police, the appalling price for asserting even the most basic rights can be their lives.”
So if you don’t want to get probed, poked, pinched, tasered, tackled, searched, seized, stripped, manhandled, arrested, shot, or killed, don’t say, do or even suggest anything that even hints of noncompliance when it comes to interactions with police.
One police officer advised that if you feel as if you’re being treated unfairly, comply anyhow and contest it in court later. Similarly, black parents, advising their kids on how to deal with police, tell them to just obey the officer’s orders. “The goal,” as one parent pointed out, “is to stay alive.”
It seems that “comply or die” has become the new maxim for the American police state.
Then again, not even compliance is a guarantee of safety anymore. “Police are specialists in violence,” warns Kristian Williams, who has written extensively on the phenomenon of police militarization and brutality. “They are armed, trained, and authorized to use force. With varying degrees of subtlety, this colors their every action. Like the possibility of arrest, the threat of violence is implicit in every police encounter. Violence, as well as the law, is what they represent.”
In other words, in the American police state, “we the people” are at the mercy of law enforcement officers who have almost absolute discretion to decide who is a threat, what constitutes resistance, and how harshly they can deal with the citizens they were appointed to “serve and protect.”
As I point out in my book Battlefield America: The War on the American People, this mindset that any challenge to police authority is a threat that needs to be “neutralized” is a dangerous one that is part of a greater nationwide trend that sets the police beyond the reach of the Fourth Amendment. Moreover, when police officers are allowed to operate under the assumption that their word is law and that there is no room for any form of disagreement or even question, that serves to chill the First Amendment’s assurances of free speech, free assembly and the right to petition the government for a redress of grievances.
Frankly, it doesn’t matter whether it’s a casual “show your ID” request on a boardwalk, a stop-and-frisk search on a city street, or a traffic stop for speeding or just to check your insurance. If you feel like you can’t walk away from a police encounter of your own volition—and more often than not you can’t, especially when you’re being confronted by someone armed to the hilt with all manner of militarized weaponry and gear—then for all intents and purposes, you’re under arrest from the moment a cop stops you.
Sad, isn’t it, how quickly we have gone from a nation of laws—where the least among us had just as much right to be treated with dignity and respect as the next person (in principle, at least)—to a nation of law enforcers (revenue collectors with weapons) who treat us all like suspects and criminals?
Clearly, the language of freedom is no longer the common tongue spoken by the citizenry and their government. With the government having shifted into a language of force, “we the people” have been reduced to suspects in a surveillance state, criminals in a police state, and enemy combatants in a military empire.++++
the Fascist American Globalist Surveillance State (FAG-SS) is complete and the Police Departments are inevitably 100% privatised... that the omnipresent surveillance cameras and weaponized drones can be easily manned by Chinese or Indian citizens 8,000 miles away for under $2 an hour. Let's not even talk about the new cars that will drive themselves to wherever the authorites will allow you to go that can never need to be pulled over for a traffic violation.
So, the message is, if you live around F.A.G.S., stay away from anyone with P.D.
THE MESSAGE IS SIMPLY, BE A GOOD LITTLE BITCH, COMPLY, LET THEM ROB YOU OF YOUR POSSESSIONS, AND YOU MIGHT BE ALLOWED TO GO HOME.
The mere fact that since the first time in 60 years, concentration (internment) camps are being openly discussed in the MSM, means they are already conditioning the populace to their eventual fact. Like in the fall
And the government shills are already rationalizing the imprisonment of ANYONE they deem to be ANY KIND OF ANY THREAT. Whatever that means.
Cuz they aren't saying what that means. They, like they always do with vague laws that can be whatever they say they are, are purposely leaving the details vague.
Except for ONE FACT. It's coming.
No due process. No indictment. No charges filed. NO CRIME.
Just YOU ARE GONE AND NO LAWYER, NO ARREST RECORD.
JUST
Operation SWEEP AND CLEAR.
Cuz they aren't saying what that means. They, like they always do with vague laws that can be whatever they say they are, are purposely leaving the details vague.
Except for ONE FACT. It's coming.
No due process. No indictment. No charges filed. NO CRIME.
Just YOU ARE GONE AND NO LAWYER, NO ARREST RECORD.
JUST
Operation SWEEP AND CLEAR.
GUYS on the left, friends of the community that you knew by name and they knew you. They looked after things, they lived where you lived. Now, it's death tattoos after darth vader shoots someone. |
The manipulation of the gold price by injecting large quantities of freshly printed NAKED SHORTS into the Comex market is an empirical fact. The sudden debunking of gold in the financial press is circumstantial evidence that a full-scale attack on gold’s function as a systemic warning signal is underway.
thored by Paul Craig Roberts and Dave Kranzler,
This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation.
The law of supply and demand is the basis of economics. Yet the price of gold and silver in the Comex futures market, where paper contracts representing 100 troy ounces of gold or 5,000 ounces of silver are traded, is inconsistent with the actual supply and demand conditions in the physical market for bullion. For four years the price of bullion has been falling in the futures market despite rising demand for possession of the physical metal and supply constraints.
We begin with a review of basics. The vertical axis measures price. The horizontal axis measures quantity. Demand curves slope down to the right, the quantity demanded increasing as price falls. Supply curves slope upward to the right, the quantity supplied rising with price. The intersection of supply with demand determines price. (Graph 1)
A change in quantity demanded or in the quantity supplied refers to a movement along a given curve. A change in demand or a change in supply refers to a shift in the curves. For example, an increase in demand (a shift to the right of the demand curve) causes a movement along the supply curve (an increase in the quantity supplied).
Changes in income and changes in tastes or preferences toward an item can cause the demand curve to shift. For example, if people expect that their fiat currency is going to lose value, the demand for gold and silver would increase (a shift to the right).
Changes in technology and resources can cause the supply curve to shift. New gold discoveries and improvements in gold mining technology would cause the supply curve to shift to the right. Exhaustion of existing mines would cause a reduction in supply (a shift to the left).
What can cause the price of gold to fall? Two things: The demand for gold can fall, that is, the demand curve could shift to the left, intersecting the supply curve at a lower price. The fall in demand results in a reduction in the quantity supplied. A fall in demand means that people want less gold at every price. (Graph 2)
Alternatively, supply could increase, that is, the supply curve could shift to the right, intersecting the demand curve at a lower price. The increase in supply results in an increase in the quantity demanded. An increase in supply means that more gold is available at every price. (Graph 3)
To summarize: a decline in the price of gold can be caused by a decline in the demand for gold or by an increase in the supply of gold.
A decline in demand or an increase in supply is not what we are observing in the gold and silver physical markets. The price of bullion in the futures market has been falling as demand for physical bullion increases and supply experiences constraints. What we are seeing in the physical market indicates a rising price. Yet in the futures market in which almost all contracts are settled in cash and not with bullion deliveries, the price is falling.
For example, on July 7, 2015, the U.S. Mint said that due to a “significant” increase in demand, it had sold out of Silver Eagles (one ounce silver coin) and was suspending sales until some time in August. The premiums on the coins (the price of the coin above the price of the silver) rose, but the spot price of silver fell 7 percent to its lowest level of the year (as of July 7).
This is the second time in 9 months that the U.S. Mint could not keep up with market demand and had to suspend sales. During the first 5 months of 2015, the U.S. Mint had to ration sales of Silver Eagles. According to Reuters, since 2013 the U.S. Mint has had to ration silver coin sales for 18 months. In 2013 the Royal Canadian Mint announced the rationing of its Silver Maple Leaf coins: “We are carefully managing supply in the face of very high demand. . . . Coming off strong sales volumes in December 2012, demand to date remains very strong for our Silver Maple Leaf and Gold Maple Leaf bullion coins.” During this entire period when mints could not keep up with demand for coins, the price of silver consistently fell on the Comex futures market. On July 24, 2015 the price of gold in the futures market fell to its lowest level in 5 years despite an increase in the demand for gold in the physical market. On that day U.S. Mint sales of Gold Eagles (one ounce gold coin) were the highest in more than two years, yet the price of gold fell in the futures market.
How can this be explained? The financial press says that the drop in precious metals prices unleashed a surge in global demand for coins. This explanation is nonsensical to an economist. Price is not a determinant of demand but of quantity demanded. A lower price does not shift the demand curve. Moreover, if demand increases, price goes up, not down.
Perhaps what the financial press means is that the lower price resulted in an increase in the quantity demanded. If so, what caused the lower price? In economic analysis, the answer would have to be an increase in supply, either new supplies from new discoveries and new mines or mining technology advances that lower the cost of producing bullion.
There are no reports of any such supply increasing developments. To the contrary, the lower prices of bullion have been causing reductions in mining output as falling prices make existing operations unprofitable.
There are abundant other signs of high demand for bullion, yet the prices continue their four-year decline on the Comex. Even as massive uncovered shorts (sales of gold contracts that are not covered by physical bullion) on the bullion futures market are driving down price, strong demand for physical bullion has been depleting the holdings of GLD, the largest exchange traded gold fund. Since February 27, 2015, the authorized bullion banks (principally JPMorganChase, HSBC, and Scotia) have removed 10 percent of GLD’s gold holdings. Similarly, strong demand in China and India has resulted in a 19% increase of purchases from the Shanghai Gold Exchange, a physical bullion market, during the first quarter of 2015. Through the week ending July 10, 2015, purchases from the Shanghai Gold Exchange alone are occurring at an annualized rate approximately equal to the annual supply of global mining output.
India’s silver imports for the first four months of 2015 are 30% higher than 2014. In the first quarter of 2015 Canadian Silver Maple Leaf sales increased 8.5% compared to sales for the same period of 2014. Sales of Gold Eagles in June, 2015, were more than triple the sales for May. During the first 10 days of July, Gold Eagles sales were 2.5 times greater than during the first 10 days of June.
Clearly the demand for physical metal is very high, and the ability to meet this demand is constrained. Yet, the prices of bullion in the futures market have consistently fallen during this entire period. The only possible explanation is manipulation.
Precious metal prices are determined in the futures market, where paper contracts representing bullion are settled in cash, not in markets where the actual metals are bought and sold. As the Comex is predominantly a cash settlement market, there is little risk in uncovered contracts (an uncovered contract is a promise to deliver gold that the seller of the contract does not possess). This means that it is easy to increase the supply of gold in the futures market where price is established simply by printing uncovered (naked) contracts. Selling naked shorts is a way to artificially increase the supply of bullion in the futures market where price is determined. The supply of paper contracts representing gold increases, but not the supply of physical bullion.
As we have documented on a number of occasions, the prices of bullion are being systematically driven down by the sudden appearance and sale during thinly traded times of day and night of uncovered future contracts representing massive amounts of bullion. In the space of a few minutes or less massive amounts of gold and silver shorts are dumped into the Comex market, dramatically increasing the supply of paper claims to bullion. If purchasers of these shorts stood for delivery, the Comex would fail. Comex bullion futures are used for speculation and by hedge funds to manage the risk/return characteristics of metrics like the Sharpe Ratio. The hedge funds are concerned with indexing the price of gold and silver and not with the rate of return performance of their bullion contracts.
A rational speculator faced with strong demand for bullion and constrained supply would not short the market. Moreover, no rational actor who wished to unwind a large gold position would dump the entirety of his position on the market all at once. What then explains the massive naked shorts that are hurled into the market during thinly traded times?
The bullion banks are the primary market-makers in bullion futures. They are also clearing members of the Comex, which gives them access to data such as the positions of the hedge funds and the prices at which stop-loss orders are triggered. They time their sales of uncovered shorts to trigger stop-loss sales and then cover their short sales by purchasing contracts at the price that they have forced down, pocketing the profits from the manipulation
The manipulation is obvious. The question is why do the authorities tolerate it?
Perhaps the answer is that a free gold market serves both to protect against the loss of a fiat currency’s purchasing power from exchange rate decline and inflation and as a warning that destabilizing systemic events are on the horizon. The current round of on-going massive short sales compressed into a few minutes during thinly traded periods began after gold hit $1,900 per ounce in response to the build-up of troubled debt and the Federal Reserve’s policy of Quantitative Easing. Washington’s power is heavily dependent on the role of the dollar as world reserve currency. The rising dollar price of gold indicated rising discomfort with the dollar. Whereas the dollar’s exchange value is carefully managed with help from the Japanese and European central banks, the supply of such help is not unlimited. If gold kept moving up, exchange rate weakness was likely to show up in the dollar, thus forcing the Fed off its policy of using QE to rescue the “banks too big to fail.”
The bullion banks’ attack on gold is being augmented with a spate of stories in the financial media denying any usefulness of gold. On July 17 the Wall Street Journal declared that honesty about gold requires recognition that gold is nothing but a pet rock. Other commentators declare gold to be in a bear market despite the strong demand for physical metal and supply constraints, and some influential party is determined that gold not be regarded as money.
Why a sudden spate of claims that gold is not money? Gold is considered a part of the United States’ official monetary reserves, which is also the case for central banks and the IMF. The IMF accepts gold as repayment for credit extended. The US Treasury’s Office of the Comptroller of the Currency classifies gold as a currency, as can be seen in the OCC’s latest quarterly report on bank derivatives activities in which the OCC places gold futures in the foreign exchange derivatives classification.
The manipulation of the gold price by injecting large quantities of freshly printed uncovered contracts into the Comex market is an empirical fact. The sudden debunking of gold in the financial press is circumstantial evidence that a full-scale attack on gold’s function as a systemic warning signal is underway.
It is unlikely that regulatory authorities are unaware of the fraudulent manipulation of bullion prices. The fact that nothing is done about it is an indication of the lawlessness that prevails in US financial markets.
This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation.
The law of supply and demand is the basis of economics. Yet the price of gold and silver in the Comex futures market, where paper contracts representing 100 troy ounces of gold or 5,000 ounces of silver are traded, is inconsistent with the actual supply and demand conditions in the physical market for bullion. For four years the price of bullion has been falling in the futures market despite rising demand for possession of the physical metal and supply constraints.
We begin with a review of basics. The vertical axis measures price. The horizontal axis measures quantity. Demand curves slope down to the right, the quantity demanded increasing as price falls. Supply curves slope upward to the right, the quantity supplied rising with price. The intersection of supply with demand determines price. (Graph 1)
A change in quantity demanded or in the quantity supplied refers to a movement along a given curve. A change in demand or a change in supply refers to a shift in the curves. For example, an increase in demand (a shift to the right of the demand curve) causes a movement along the supply curve (an increase in the quantity supplied).
Changes in income and changes in tastes or preferences toward an item can cause the demand curve to shift. For example, if people expect that their fiat currency is going to lose value, the demand for gold and silver would increase (a shift to the right).
Changes in technology and resources can cause the supply curve to shift. New gold discoveries and improvements in gold mining technology would cause the supply curve to shift to the right. Exhaustion of existing mines would cause a reduction in supply (a shift to the left).
What can cause the price of gold to fall? Two things: The demand for gold can fall, that is, the demand curve could shift to the left, intersecting the supply curve at a lower price. The fall in demand results in a reduction in the quantity supplied. A fall in demand means that people want less gold at every price. (Graph 2)
Alternatively, supply could increase, that is, the supply curve could shift to the right, intersecting the demand curve at a lower price. The increase in supply results in an increase in the quantity demanded. An increase in supply means that more gold is available at every price. (Graph 3)
To summarize: a decline in the price of gold can be caused by a decline in the demand for gold or by an increase in the supply of gold.
A decline in demand or an increase in supply is not what we are observing in the gold and silver physical markets. The price of bullion in the futures market has been falling as demand for physical bullion increases and supply experiences constraints. What we are seeing in the physical market indicates a rising price. Yet in the futures market in which almost all contracts are settled in cash and not with bullion deliveries, the price is falling.
For example, on July 7, 2015, the U.S. Mint said that due to a “significant” increase in demand, it had sold out of Silver Eagles (one ounce silver coin) and was suspending sales until some time in August. The premiums on the coins (the price of the coin above the price of the silver) rose, but the spot price of silver fell 7 percent to its lowest level of the year (as of July 7).
This is the second time in 9 months that the U.S. Mint could not keep up with market demand and had to suspend sales. During the first 5 months of 2015, the U.S. Mint had to ration sales of Silver Eagles. According to Reuters, since 2013 the U.S. Mint has had to ration silver coin sales for 18 months. In 2013 the Royal Canadian Mint announced the rationing of its Silver Maple Leaf coins: “We are carefully managing supply in the face of very high demand. . . . Coming off strong sales volumes in December 2012, demand to date remains very strong for our Silver Maple Leaf and Gold Maple Leaf bullion coins.” During this entire period when mints could not keep up with demand for coins, the price of silver consistently fell on the Comex futures market. On July 24, 2015 the price of gold in the futures market fell to its lowest level in 5 years despite an increase in the demand for gold in the physical market. On that day U.S. Mint sales of Gold Eagles (one ounce gold coin) were the highest in more than two years, yet the price of gold fell in the futures market.
How can this be explained? The financial press says that the drop in precious metals prices unleashed a surge in global demand for coins. This explanation is nonsensical to an economist. Price is not a determinant of demand but of quantity demanded. A lower price does not shift the demand curve. Moreover, if demand increases, price goes up, not down.
Perhaps what the financial press means is that the lower price resulted in an increase in the quantity demanded. If so, what caused the lower price? In economic analysis, the answer would have to be an increase in supply, either new supplies from new discoveries and new mines or mining technology advances that lower the cost of producing bullion.
There are no reports of any such supply increasing developments. To the contrary, the lower prices of bullion have been causing reductions in mining output as falling prices make existing operations unprofitable.
There are abundant other signs of high demand for bullion, yet the prices continue their four-year decline on the Comex. Even as massive uncovered shorts (sales of gold contracts that are not covered by physical bullion) on the bullion futures market are driving down price, strong demand for physical bullion has been depleting the holdings of GLD, the largest exchange traded gold fund. Since February 27, 2015, the authorized bullion banks (principally JPMorganChase, HSBC, and Scotia) have removed 10 percent of GLD’s gold holdings. Similarly, strong demand in China and India has resulted in a 19% increase of purchases from the Shanghai Gold Exchange, a physical bullion market, during the first quarter of 2015. Through the week ending July 10, 2015, purchases from the Shanghai Gold Exchange alone are occurring at an annualized rate approximately equal to the annual supply of global mining output.
India’s silver imports for the first four months of 2015 are 30% higher than 2014. In the first quarter of 2015 Canadian Silver Maple Leaf sales increased 8.5% compared to sales for the same period of 2014. Sales of Gold Eagles in June, 2015, were more than triple the sales for May. During the first 10 days of July, Gold Eagles sales were 2.5 times greater than during the first 10 days of June.
Clearly the demand for physical metal is very high, and the ability to meet this demand is constrained. Yet, the prices of bullion in the futures market have consistently fallen during this entire period. The only possible explanation is manipulation.
Precious metal prices are determined in the futures market, where paper contracts representing bullion are settled in cash, not in markets where the actual metals are bought and sold. As the Comex is predominantly a cash settlement market, there is little risk in uncovered contracts (an uncovered contract is a promise to deliver gold that the seller of the contract does not possess). This means that it is easy to increase the supply of gold in the futures market where price is established simply by printing uncovered (naked) contracts. Selling naked shorts is a way to artificially increase the supply of bullion in the futures market where price is determined. The supply of paper contracts representing gold increases, but not the supply of physical bullion.
As we have documented on a number of occasions, the prices of bullion are being systematically driven down by the sudden appearance and sale during thinly traded times of day and night of uncovered future contracts representing massive amounts of bullion. In the space of a few minutes or less massive amounts of gold and silver shorts are dumped into the Comex market, dramatically increasing the supply of paper claims to bullion. If purchasers of these shorts stood for delivery, the Comex would fail. Comex bullion futures are used for speculation and by hedge funds to manage the risk/return characteristics of metrics like the Sharpe Ratio. The hedge funds are concerned with indexing the price of gold and silver and not with the rate of return performance of their bullion contracts.
A rational speculator faced with strong demand for bullion and constrained supply would not short the market. Moreover, no rational actor who wished to unwind a large gold position would dump the entirety of his position on the market all at once. What then explains the massive naked shorts that are hurled into the market during thinly traded times?
The bullion banks are the primary market-makers in bullion futures. They are also clearing members of the Comex, which gives them access to data such as the positions of the hedge funds and the prices at which stop-loss orders are triggered. They time their sales of uncovered shorts to trigger stop-loss sales and then cover their short sales by purchasing contracts at the price that they have forced down, pocketing the profits from the manipulation
The manipulation is obvious. The question is why do the authorities tolerate it?
Perhaps the answer is that a free gold market serves both to protect against the loss of a fiat currency’s purchasing power from exchange rate decline and inflation and as a warning that destabilizing systemic events are on the horizon. The current round of on-going massive short sales compressed into a few minutes during thinly traded periods began after gold hit $1,900 per ounce in response to the build-up of troubled debt and the Federal Reserve’s policy of Quantitative Easing. Washington’s power is heavily dependent on the role of the dollar as world reserve currency. The rising dollar price of gold indicated rising discomfort with the dollar. Whereas the dollar’s exchange value is carefully managed with help from the Japanese and European central banks, the supply of such help is not unlimited. If gold kept moving up, exchange rate weakness was likely to show up in the dollar, thus forcing the Fed off its policy of using QE to rescue the “banks too big to fail.”
The bullion banks’ attack on gold is being augmented with a spate of stories in the financial media denying any usefulness of gold. On July 17 the Wall Street Journal declared that honesty about gold requires recognition that gold is nothing but a pet rock. Other commentators declare gold to be in a bear market despite the strong demand for physical metal and supply constraints, and some influential party is determined that gold not be regarded as money.
Why a sudden spate of claims that gold is not money? Gold is considered a part of the United States’ official monetary reserves, which is also the case for central banks and the IMF. The IMF accepts gold as repayment for credit extended. The US Treasury’s Office of the Comptroller of the Currency classifies gold as a currency, as can be seen in the OCC’s latest quarterly report on bank derivatives activities in which the OCC places gold futures in the foreign exchange derivatives classification.
The manipulation of the gold price by injecting large quantities of freshly printed uncovered contracts into the Comex market is an empirical fact. The sudden debunking of gold in the financial press is circumstantial evidence that a full-scale attack on gold’s function as a systemic warning signal is underway.
It is unlikely that regulatory authorities are unaware of the fraudulent manipulation of bullion prices. The fact that nothing is done about it is an indication of the lawlessness that prevails in US financial markets.
Monday, July 27, 2015
Sunday, July 26, 2015
NAKED SHORTS: How they are crashing all the commodities and as time develops, the equities markets
We’ve seen some significant swings in precious metals over the last several years and if we are to believe the paper spot prices and recent value of mining shares, one would think that gold and silver are on their last leg. Last weekend precious metals took a massive hit to the downside, sending shock waves throughout the industry. But was the move really representative of what’s happening in precious metals markets around the world? Or, is there an effort by large financial institutions to keep prices suppressed? In an open letter to the Commodity Futures Trading Commission First Mining Finance CEO Keith Neumeyer argues that real producers and consumers don’t appear to be represented by the purported billion dollar moves on paper trading exchanges.
With China recently revealing that they have added some 600 tons of gold to their stockpiles and the U.S. mint having suspended sales of Silver Eagles due to extremely high demand in early July, how is it possible that prices are crashing?
As noted in Mike Gleason’s Weekly Market Wrap at Money Metals Exchange, while it appears that gold is currently one of the world’s most hated assets, the retail public continues to buy at a record pace:
The paper market is telling one story. But the actual physical bullion market is telling quite another.It’s not clear exactly who is suppressing precious metals or why, but it is quite apparent that prices on paper exchanges are completely disconnected from reality, as retail buyers are taking this opportunity to scoop up gold and silver at prices that are 50% or more off their highs.
The U.S. Mint has sold over 100,000 ounces of American Eagle gold coins so far in July. That’s the highest monthly demand volume registered since April 2013. And that’s just as of this week. There’s still another week left to go before the final sales tally for Gold Eagles comes in for the month of July. It could be one for the record books with 109,000 1-ounce Gold Eagles sold — with bargain hunters purchasing 6% of the U.S. Mint’s production from Money Metals Exchange.
As for Silver Eagles, the U.S. Mint has given up on trying to keep up with demand. After brisk sales during the first week of July, Mint officials suspended deliveries of Silver Eagles to dealers. Sales of the popular coins are set to resume next week. But we expect the Mint will be unable to get its act together and keep up with demand.
Listen: Full Interview With Chris Powell Of The Gold Anti-Trust Committee (GATA)
But what happens next? That, of course, is anybody’s guess, but considering current prices and movements within the context of a broader economic crisis, there is a precedent for what we have seen in recent years.
We need only look back to the recession of the 1970’s.
You’ll notice that gold saw some significant price movements, not dissimilar to what we’re experiencing today. There were several down swings of 25% or more within the broader gold bull market. Most notably, take a look at what happened from 1975 to 1976. Gold shot up to nearly $200 an ounce, only to be pounded just twelve months later by 50% to a price of just over $100 an ounce.
As the crisis accelerated in severity into the late 1970’s, complete with gas shortages, job losses and geopolitical tensions, we saw gold explode in value to a high of $850 by January of 1980.
We’re not necessarily suggesting that gold will follow the exact same pattern. But history does rhyme, and the world again finds itself in serious financial, economic, and monetary crisis.
As we’ve noted before, gold is and always has been the historical asset of last resort for preserving wealth. Should the current crisis accelerate as we saw in the 1970’s, the value of gold will likely rise accordingly. We may not be looking at a 700% increase in price like we did from 1976 to 1980, but there is a distinct possibility that we will witness serious gains in real value as crisis and panic unfold.
You can’t eat gold and silver, of course. If crisis is coming we have always urged our readers to prepare themselves for disruption to credit-dependent commerce systems with reserves of food, emergency cash and other supplies. But having a physical asset with real monetary and barterable value in your possession is certainly an important strategic consideration going forward.
It’s been said that an ounce of gold could buy 350 loaves of bread in Biblical times. Today, an ounce of gold still buys about 350 loaves of bread. However you slice it, whether the system falls into a deflationary depression like the 1930’s or an inflationary recession like the 1970’s, gold will maintain its purchasing power.
Though past performance is not necessarily an indicator of future results, we have over 6,000 years of history backing gold’s legitimacy as a true mechanism of exchange
Explosive: The real reason Holistic Doctors are be...
MessiahMews Blogs: Explosive: The real reason Holistic Doctors are be...: http://asheepnomore.net/2015/07/23/explosive-the-real-reason-holistic-doctors-are-being-murdered-and-vanishing/ http://www.bodymindsoulspi...
It seems that all of these doctors that have turned up deceased were anti-vaccines, naturalist healers… Big Pharma must be getting extremely nervous that we are seeing the truth!!
Suzanne Somers
Yesterday the world lost one of its greatest doctors, Dr. Nicholas Gonzalez.
He was my dear friend. He was my doctor. He was the subject of many of my books.
He was one of my greatest teachers. He took away
my fear of cancer because so many of his patients, myself included, LIVE. He
understood the pathway to cancer and how to manage even the worst kinds of
cancer – allowing his patients to live with quality of life. And he never used
drugs to achieve his remarkable successes. As his patient, along with so many
others whom he has treated, he had the answer to cancer – something thousands of
charities and fundraisers hope to achieve.
Humanity is the loser in this sad scenario. Nick Gonzalez was a God-loving
man. He loved his country; he was a thinker, a questioner, fearless in his
criticism of the ineffectiveness of allopathic medicine…the lone voice, attacked
by mainstream and isolated from so many of his peers who wanted to keep distance
from this maverick lest they be associated with his “controversial” protocol.
Yet, when these same doctors had no more answers for terminal patients they sent
them to Dr. Gonzalez.
What kind of world do we live in where those who find a cure, or another way, so threaten the present standard of care (a 200 BILLION dollar a year business), that he endured constant criticism and mockery? His lone voice, his humility, kindness, compassion, and dedication have been silenced forever. But his work will live on.
I will never stop speaking on his behalf. He was the man with the answer. He saved my life and the lives of countless others who believed in him. He was a scientist, a historic figure that I believe will be hailed in the future as the one who figured it out. I am filled with gratitude to have had him as a friend and blessed that he was my doctor. We were robbed of a truly great man who made the world a better place by having been here.
God bless Dr. Nick Gonzalez and his beautiful and devoted wife, Mary Beth.
https://instagram.com/p/5gPSxnqltR/
What kind of world do we live in where those who find a cure, or another way, so threaten the present standard of care (a 200 BILLION dollar a year business), that he endured constant criticism and mockery? His lone voice, his humility, kindness, compassion, and dedication have been silenced forever. But his work will live on.
I will never stop speaking on his behalf. He was the man with the answer. He saved my life and the lives of countless others who believed in him. He was a scientist, a historic figure that I believe will be hailed in the future as the one who figured it out. I am filled with gratitude to have had him as a friend and blessed that he was my doctor. We were robbed of a truly great man who made the world a better place by having been here.
God bless Dr. Nick Gonzalez and his beautiful and devoted wife, Mary Beth.
https://instagram.com/p/5gPSxnqltR/
North Carolina Mandates Barcodes For Backyard Chicken Owners
Everything you do must be monitored, taxed, approved and controlled in a free
society
http://govtslaves.info/north-carolina-mandates-barcodes-for-backyard-chicken-owners/
http://govtslaves.info/north-carolina-mandates-barcodes-for-backyard-chicken-owners/
Saturday, July 25, 2015
Democrat ghouls protecting the death camps and sale of human infant parts demand Obama’s InJustice Department investigate those who dared shine the light of truth on the horrors at Planned Parenthood
by IWB · July 24, 2015
by William Stickevers
All during the 1920’s and very early 30’s The Munich Post newspaper had been engaged in warning the people of Germany of the intents of a madman who would become their dictator. They accurately warned about the extermination plans that Adolf Hitler had been dreaming up for the Jews and the conquest of Europe he envisioned over a decade before they took place. Not many average Germans listened or paid much attention to what was being warned about, chalking up the warnings to “politics” between rival ideologies. But the warnings were prophetic – and unheeded.
Hitler had referred to the paper as ‘The poison kitchen’ and he long-sought to silence it during his rise to power. That moment would have to wait until Hitler swindled the Chancellorship from Von Hindenburg in 1933 – whereupon Hitler turned his SA Brownshirts loose to raze the paper to ruins and imprison and/or kill all the journalists who dared to expose him and his party of death for what it would unleash upon the world.
It is the hallmark of genocidal and despotic regimes and the administrators of their ghoulish institutions to go after and attack anyone daring to shine a light of truth about the pogroms and evil being perpetrated under the noses of an ignorant populace. Often dictatorial regimes will criminalize and turn their personal Praetorians upon those that attempt to show the world how truly evil and insidious their plots and plans are.
That hallmark can be witnessed right now in America.
Attempting to protect their Sacrament of Death to Planned Parenthood’s death camps and organ harvesting programs, the Democrat SS are urging the SA Obama Justice Department to investigate the Center For Medical Progress for daring to film and expose the doctors and Administrators of Planned Parenthood negotiating price over lunch and drinks for harvested infant parts.
See, in the view of all National Socialists on the Left in America – exposing the truth of what they are doing is a criminal offense and they demand to sic the dogs of the courts and activist Judges upon anyone and everyone who dares to oppose them.
So it is a natural assumption that in the wake of the stomach-churning and nauseating video expose of Planned Parenthood Executives and Doctors haggling over the price of infant body parts to an undercover reporter – that they would seek to limit the damage by attacking the group responsible for exposing them. The hallmark is in watching them unleash their government upon those daring to reveal the demonic nature and horrors going on within a taxpayer-funded organization. An organization that His Heinous Obama himself champions and invokes the Almighty to bless.
Given the absolutely sickening and gruesome details of infant genocide and profit motives in selling the parts for a “Lamborghini” I don’t find that the Nazi death camps were engaged in similar across-the-board profit-making schemes to any bidder when they gassed and incinerated their victims. Yet here in the Land of the Free (to choose to kill your baby) – selling the baby parts adds additional incentive to the industry managers that is funded and supported by the government at your expense.
Dare to expose the Devil, and his party faithful will come to the aid of evil and turn the light you dare to shine into criminality. We have certainly made evil good, and call good the evil in Obama’s Amerika.
House Dems Cry For Probe Into Group Over Planned Parenthood Videos
A group of House Democrats are now asking for an investigation into the group behind a set of videos that show Planned Parenthood executives blithely discussing the sale of body parts from abortions.
Eleven Republican senators have already sent a letter to U.S. Attorney General Loretta Lynch requesting an investigation into whether Planned Parenthood has violated a federal law that bans the sale of fetal tissue.
Now several Democrats have written Lynch and California Attorney General Kamala Harris, demanding an investigation not of Planned Parenthood’s practices, but a probe of the whether the group that made the videos violated any laws by making and publishing the videos without Planned Parenthood’s consent.
Democratic Reps. Jan Schakowsky, Jerrold Nadler, Yvette Clarke and Zoe Lofgren blasted the group that made the videos, the Center for Medical Progress — a stark contrast from the many Republicans who have come out against funding for Planned Parenthood in the wake of the videos’ release.
“This is a new low, even for anti-abortion activists who will stop at nothing in their effort to undermine a woman’s right to choose,” Rep. Jan Schakowsky said in a statement. “I believe the Center for Medical Progress may have broken the law in developing and executing this unbelievably elaborate and troubling scheme.”
“Like the millions of women who access their broad-range of health services every day, we trust Planned Parenthood,” Rep. Jerry Nadler said in a statement. “I urge the Department of Justice and the state of California to investigate the Center for Medical Progress and determine if their activities in planning and making these videos violated state and federal laws.”
The videos, which have cued outrage from conservatives and pro-life groups, show top Planned Parenthood executives discussing the harvesting and trafficking of body parts from aborted babies. The first video depicted Planned Parenthood Federation of America’s Senior Director of Medical Services Dr. Deborah Nucatola discussing the process of “crushing” certain body parts while preserving others for harvesting, while eating a salad.
A follow-up video released this week shows Mary Gatter, the president of Planned Parenthood’s Medical Directors’ Council, discussing whether a surgeon would be willing to perform abortions differently in order to keep tissue and organs intact.
David Daleiden, the executive director of the Center for Medical Progress, called the requests an effort to “persecute” the group for their efforts.
“Planned Parenthood is trying to use the power of their political cronies to shut down free speech, to silence the freedom of the press, to persecute me, and to save their half-a-billion in taxpayer money and avoid accountability to the law and the American people,” Daleiden said in a statement Wednesday.
“They will attack me and my organization all day long, but that does not change the facts about what our investigation has uncovered and what the American people now know — that Planned Parenthood is engaged in an enterprise-wide operation that traffics and sells baby body parts,” the statement continued.
Senate Minority Leader Harry Reid admitted that the videos “raise some questions,” but called them “politically motivated,” telling The Daily Caller that “nothing I’ve seen indicates Planned Parenthood violated federal law.”
The Department of Justice may ultimately open an investigation on the issue.
“I’m aware of those matters generally from the media, and form some inquiries that have been made to the Department of Justice, and again at this point we’re going to review all the information and determine what steps, if any, to take at the appropriate time,” Lynch said at a press conference Wednesday, according to The Hill.
Thursday, July 23, 2015
God Help Us...Congress Will Vote Today to Destroy States’ Rights to Protect Our Food Supply
The satanists will vote against humanity and with the corporate devils.
Oh come on everybody, eat your damn GMO corn and take your mandatory adult vaccines... your government loves you.
FYI there was another "shooting" in a Louisiana movie theater this evening. So in addition to eating your poison rations and taking your mystery vaccine, you need to hand over your guns.
Slavery is freedom.
the fate of free determination in a "free" society. Free to be gay, but not to know what we are eating |
Oh come on everybody, eat your damn GMO corn and take your mandatory adult vaccines... your government loves you.
FYI there was another "shooting" in a Louisiana movie theater this evening. So in addition to eating your poison rations and taking your mystery vaccine, you need to hand over your guns.
Slavery is freedom.
MessiahMews Blogs: Dr. Andrew Moulden: Finds "Every Vaccine Causes Ha...
MessiahMews Blogs: Dr. Andrew Moulden: Finds "Every Vaccine Causes Ha...: Dr. Andrew Moulden: Finds "Every Vaccine Causes Harm", then Dies Suspiciously "ALL vaccines...
The Real Story Behind The Anti-Vaccine Billboards ...
MessiahMews Blogs: The Real Story Behind The Anti-Vaccine Billboards ...: Dear Parents, An Indiana father, Jim O’Kelly, discovered his efforts to honor the life of his lost vaccine-injured daughter were ...
Ulysses S. Grant Died 130 Years Ago. Racists Hate Him, But Historians No Longer Do
everything your teacher told you about the Union general and U.S. president was wrong.
Wednesday, July 22, 2015
The following 40 major companies that donate heavily to abortions
(Melissa
Quinn) In the wake of two videos allegedly showing Planned Parenthood officials discussing the sale of aborted fetal body parts, Republicans in Congress are working to ensure that Planned Parenthood is stripped of its federal funding.
However, it’s not only the government that fills Planned Parenthood’s coffers.According to 2nd Vote, a website and app that tracks the flow of money from consumers to political causes, more than 25 percent of Planned Parenthood’s $1.3-billion annual revenue comes from private donations, which includes corporate contributions.
2nd Vote researched the corporations and organizations to find which supported Planned Parenthood and found that more than three dozen donated to the group. Some companies donated directly, while others matched employee gifts.
Forty corporations and organizations directly contribute to the group.
Planned Parenthood has come under heavy fire following the release of videos from the Center for Medical Progress.
The first video, released last week, showed Planned Parenthood senior executive Dr. Deborah Nucatola meeting with actors portraying buyers from a “human biologics company.” The “buyers” discussed the sale of fetal body parts with Nucatola over lunch.
In the second video, released today, Dr. Mary Gatter, president of Planned Parenthood’s medical directors council, is seen negotiating the price of aborted fetal body parts.
Here are the 40 companies that have directly funded Planned Parenthood.
- Adobe
- American Cancer Society
- American Express
- AT&T
- Avon
- Bank of America
- Bath & Body Works
- Ben & Jerry’s
- Clorox
- Coca-Cola
- Converse
- Deutsche Bank
- Dockers
- Energizer
- Expedia
- ExxonMobil
- Fannie Mae
- Ford
- Groupon
- Intuit
- Johnson & Johnson
- La Senza
- Levi Strauss
- Liberty Mutual
- Macy’s
- March of Dimes
- Microsoft
- Morgan Stanley
- Nike
- Oracle
- PepsiCo
- Pfizer
- Progressive
- Starbucks
- Susan G. Komen
- Tostitos
- Unilever
- United Way
- Verizon
- Wells Fargo
Tuesday, July 21, 2015
MessiahMews Blogs: School vaccination exemption lost in California . ...
MessiahMews Blogs: School vaccination exemption lost in California . ...: There have been many responses to the loss of vaccination exemptions in California. The parents who have unquestioningly accepted the fa...
US inflation data is all fake.
If you plug in real inflation then GDP was 8.9% lower in 2014
Just look at how we fix inflation:
Chapwood Index shows real inflation in US.
In 2014, it was 9.7% - 1212% of official US inflation (0.8%)
http://www.chapwoodindex.com/
The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.
Let's use a Zero Coupon Bond Calculator to see the effect of fake inflation on a $1000 bond for 30 years:
A zero coupon bond is a bond bought at a price lower than its face value, with the face value repaid at the time of maturity
With Fed's 0.8% fake inflation, Zero Coupon Bond Value = $787.38
With Chapwood inflation of 9.7%, Zero Coupon Bond Value = $62.20
So with Fed's inflation assumption, you can borrow $787.38 for 30 years and pay $212.62 as interest
With Chapwood inflation, you borrow $62.20 for 30 years and pay $937.80 as interest
With Chapwood Index, if you borrow $787.38 for 30 years, you pay $11,871 as interest. Or 55.83 times that with the Fed's inflation adjustment.
http://www.zerohedge.com/news/2015-07-20/us-retail-sales-fall-again-next-crash-near
Monday, July 20, 2015
Another 1/2 inch of rain again in Ojai
Making so far where we are, 1 1/2 inches in 48 hours. IN east end ojai, a lady with a rain gauge recorded over 4 inches.
All the creeks are running and and the water table is full to over flowing.
THe local media is lying to us about this drought noise.
All the creeks are running and and the water table is full to over flowing.
THe local media is lying to us about this drought noise.
If these people are radicalized and don’t support the United States, and they’re disloyal to the United States, as a matter of principal that’s fine, that’s their right. It’s our right and our obligation to segregate them from the normal community for the duration of the conflict. – General Wesley Clark in a MSNBC interview
http://www.zerohedge.com/news/2015-07-20/general-wesley-clark-suggests-putting-disloyal-americans-internment-camps
WHAT?
WOW?
That's what Adolph Hitler said in 1940, then proceeded to incarcerate untold hundreds of thousands of political prisoners. At least those people had hope. They knew the Russians where coming from the east and the Allies from the west. To save them.
Americans have no such armies coming to free them from the death camps. Ever.
WHAT?
WOW?
That's what Adolph Hitler said in 1940, then proceeded to incarcerate untold hundreds of thousands of political prisoners. At least those people had hope. They knew the Russians where coming from the east and the Allies from the west. To save them.
Americans have no such armies coming to free them from the death camps. Ever.
Sunday, July 19, 2015
TELEGRAPHING THEIR INTENTIONS - Fema announces Tsunami in California
“It is coming. It is a certainty […] more than ten-thousand will die,” says Fox News anchor Shepard Smith
By Shepard AmbellasPACIFIC NORTHWEST (INTELLIHUB) — “Our operating assumption is that everything west of Interstate 5 will be toast,” a FEMA official told Kathryn Schulz of the New Yorker. “When the next full-margin rupture happens, that region will suffer the worst natural disaster in the history of North America.”, Schulz wrote about an anticipated future mega-quake.
“The worst natural disaster in the history of America is coming […] if I lived right now in the Pacific Northwest I would be considering moving — seriously,” Fox newscaster Shepard Smith warned his audience before going on the explain how a “colossal earthquake and […] tsunami” will likely strike the Pacific Northwest in the not too distant future.
“They [scientists] are all in agreement, it is absolutely coming,” said Smith, “a wall of water […] up to a hundred feet high and up to seven-hundred feet across.
“Houses […] dump-trucks […] schools” will be washed away, “thousand and thousands will not escape.”
Forced water cut-offs begin in California as state’s leaders start depopulation program
By J.D. Heyes | Natural News
In Detroit, the city is cutting off water to residents who are months delinquent on paying their bills. In California, water is being cut off by various levels of government because there is less and less of it to go around.
As reported by CBS Sacramento, some communities like the city of Mountain House are just days away from running out of water altogether – after the state cut off the only source of water residents there had.
That has led some locals to being sort of stockpiling drinking water just to have enough to live on, something most never thought they would have to do.
“My wife thinks I’m nuts. I have like 500 gallons of drinking water stored in my home,” Mountain House resident Anthony Gordon told the local CBS affiliate.
As the affiliate further reported:
The upscale community of Mountain House, west of Tracy, is days away from having no water. It’s not just about lawns—there may not be a drop for the 15,000 residents to drink.
“We’re out there looking for water supplies as we speak,” said Mountain House general manager Ed Pattison. “We have storage tanks, but those are basically just to ensure the correct pressurization of the distribution system. No more than 2 days are in those storage tanks.”
Overturning a century’s worth of water rights – something has to give
The suburb’s only source of the valuable commodity, from the Byron-Bethany Irrigation District, was one of 114 senior water rights holders eclipsed by a curtailment notice issued by the state in recent days.
That means the community’s leaders have to find someone to sell them water – to at least have enough, the GM says, to last the remainder of this year.
“We don’t want this town to become a ghost town, it was a beautiful master-planned community,” he said.
So were scores of other California communities all over the state, but with more than 38 million residents trying to survive a historic drought – all while attempting to sustain the California agriculture industry, which produces more food for the country than any other state – something’s going to have to give.
Some water districts think legal action is the answer. They plan to sue the State Water Resources Control Board on grounds that it has no legal authority to cut off some of the state’s oldest and most protected water rights holders.
That decision has put communities like Mountain House in the unprecedented position of having to secure water from a different source. The town’s leaders say they believe they’ll be able to purchase water but only for the short-term.
Meantime, others are viewing California’s worsening drought as more of an overpopulation problem: too many people, too little water and too many competing interests that depend on it (agriculture being the primary interest).
Some of them are longtime depopulationists, like Professor John Schellnhuber. As reported by Natural News editor Mike Adams, the Health Ranger:
Professor John Schellnhuber has been chosen as a speaker for the Vatican’s rolling out of a Papal document on climate change. He’s the professor who previously said the planet is overpopulated by at least six billion people. Now, the Vatican is giving him a platform which many expect will result in an official Church declaration in support of radical depopulation in the name of “climate science.”
A new hybrid religion?
Adams notes that Schellnhuber envisions a “Planetary Court” guided by a new “Earth Constitution” which would hold power over every nation and government on the planet. As he explains himself in this document on HumansandNature.org, he’s an advocate of an all-powerful world government that uses so-called climate science to manage (rule over) the planet… a literal “science dictatorship” based on whatever “science” the climate change proponents can cobble together each year.
And now, it seems, a convergence between radical science extremism and one of the world’s largest religious groups has taken place – a sort of hybrid new religion combining God and Mother Nature. Ironically, the fewer members of this religion, the better.
Sources:
http://sacramento.cbslocal.com
In Detroit, the city is cutting off water to residents who are months delinquent on paying their bills. In California, water is being cut off by various levels of government because there is less and less of it to go around.
As reported by CBS Sacramento, some communities like the city of Mountain House are just days away from running out of water altogether – after the state cut off the only source of water residents there had.
That has led some locals to being sort of stockpiling drinking water just to have enough to live on, something most never thought they would have to do.
“My wife thinks I’m nuts. I have like 500 gallons of drinking water stored in my home,” Mountain House resident Anthony Gordon told the local CBS affiliate.
As the affiliate further reported:
The upscale community of Mountain House, west of Tracy, is days away from having no water. It’s not just about lawns—there may not be a drop for the 15,000 residents to drink.
“We’re out there looking for water supplies as we speak,” said Mountain House general manager Ed Pattison. “We have storage tanks, but those are basically just to ensure the correct pressurization of the distribution system. No more than 2 days are in those storage tanks.”
Overturning a century’s worth of water rights – something has to give
The suburb’s only source of the valuable commodity, from the Byron-Bethany Irrigation District, was one of 114 senior water rights holders eclipsed by a curtailment notice issued by the state in recent days.
That means the community’s leaders have to find someone to sell them water – to at least have enough, the GM says, to last the remainder of this year.
“We don’t want this town to become a ghost town, it was a beautiful master-planned community,” he said.
So were scores of other California communities all over the state, but with more than 38 million residents trying to survive a historic drought – all while attempting to sustain the California agriculture industry, which produces more food for the country than any other state – something’s going to have to give.
Some water districts think legal action is the answer. They plan to sue the State Water Resources Control Board on grounds that it has no legal authority to cut off some of the state’s oldest and most protected water rights holders.
That decision has put communities like Mountain House in the unprecedented position of having to secure water from a different source. The town’s leaders say they believe they’ll be able to purchase water but only for the short-term.
Meantime, others are viewing California’s worsening drought as more of an overpopulation problem: too many people, too little water and too many competing interests that depend on it (agriculture being the primary interest).
Some of them are longtime depopulationists, like Professor John Schellnhuber. As reported by Natural News editor Mike Adams, the Health Ranger:
Professor John Schellnhuber has been chosen as a speaker for the Vatican’s rolling out of a Papal document on climate change. He’s the professor who previously said the planet is overpopulated by at least six billion people. Now, the Vatican is giving him a platform which many expect will result in an official Church declaration in support of radical depopulation in the name of “climate science.”
A new hybrid religion?
Adams notes that Schellnhuber envisions a “Planetary Court” guided by a new “Earth Constitution” which would hold power over every nation and government on the planet. As he explains himself in this document on HumansandNature.org, he’s an advocate of an all-powerful world government that uses so-called climate science to manage (rule over) the planet… a literal “science dictatorship” based on whatever “science” the climate change proponents can cobble together each year.
And now, it seems, a convergence between radical science extremism and one of the world’s largest religious groups has taken place – a sort of hybrid new religion combining God and Mother Nature. Ironically, the fewer members of this religion, the better.
Sources:
http://sacramento.cbslocal.com
Rain again in Ojai, CA 1/2"!
Including thunder and lightening. Oh yeah...the DROUGHT...this isn't supposed to be occurring.
BUT IT IS
BUT IT IS
Saturday, July 18, 2015
Vaccine ingredients include DEAD BABY TISSUE
Vaccine Ingredients and Manufacturer Information (alphabetical order by vaccine)
This is an Incomplete list due to Long Article - For Complete List go to link below:
We have listed vaccine ingredients (substances that appear in the final vaccine product), process ingredients (substances used to create the vaccine that may or may not appear in the final vaccine product), and growth mediums (the substances vaccines are grown in) for 31 vaccines commonly recommended
by the Food & Drug Administration (FDA) and the Centers for Disease
Control (CDC.) Controversial products used to make vaccines:
African Green Monkey (Vero) cells, aluminum, cow products, Cocker Spaniel cells, formaldehyde, human foetus lung tissue cells, insect products, and mouse brains.
Though not listed, each vaccine contains strains of the virus being vaccinated against. Each vaccine entry links to the manufacturer's package insert that contains information about dosage, ingredient quantity, and how the vaccine is made. Some vaccines, like influenza vaccines, are modified frequently and you may wish to consult the package inserts online and your doctor for the most current information
Though not listed, each vaccine contains strains of the virus being vaccinated against. Each vaccine entry links to the manufacturer's package insert that contains information about dosage, ingredient quantity, and how the vaccine is made. Some vaccines, like influenza vaccines, are modified frequently and you may wish to consult the package inserts online and your doctor for the most current information
II. GLOSSARY AND DETAILS FOR INGREDIENTS |
Product | Possible Ingredients* |
2-Phenoxyethanol | 2-Phenoxyethanol is a glycol either used as a preservative in vaccines |
Aluminum | Aluminum is used in vaccines as an adjuvant, which helps the vaccine work more quickly and more powerfully. |
Bovine casein | A casein is a family of phosphoproteins commonly found in mammalian milk. 80% of the proteins in cow's milk are casein. |
Bovine serum | Bovine
"[s]erum is the centrifuged fluid component of either clotted or
defibrinated whole blood. Bovine serum comes from blood taken from
domestic cattle. Serum from other animals is also collected and
processed but bovine serum is processed in the greatest volume." "Bovine serum is a by-product of the meat industry. Bovine blood may be taken at the time of slaughter, from adult cattle, calves, very young calves or (when cows that are slaughtered are subsequently found to be pregnant) from bovine fetuses. It is also obtained from what are called 'donor' animals, which give blood more than once. Blood is available from bovine fetuses only because a proportion of female animals that are slaughtered for meat for human consumption are found (often unexpectedly) to be pregnant. Blood is available from very young calves because calves, especially males from dairy breeds, are often slaughtered soon, but not necessarily immediately, after birth because raising them will not be economically beneficial. Older animals are, of course, slaughtered for meat. Only donor cattle are raised for the purpose of blood donation. Donor cattle are invariably kept in specialized, controlled herds. Blood is taken from these animals in a very similar way to that used for human blood donation. Irrespective of whether blood is taken at slaughter or from donors, the age of the animal is an important consideration because it impacts the characteristics of the serum. Bovine serum is categorised according to the age of the animal from which the blood was collected as follows: •'Fetal bovine serum' comes from fetuses •'Newborn calf serum' comes from calves less than three weeks old •'Calf serum' comes from calves aged between three weeks and 12 months •'Adult bovine serum' comes from cattle older than 12 months Serum processed from donor blood is termed 'donor bovine serum'. Donor animals can be up to three years old." |
Chicken Eggs | Viruses can be grown in chicken eggs before being used in vaccinations. |
CMRL-1969 | L-alanine, L-arginine (free base)b, L-aspartic acid, L-cysteine-HCL, L-cystine, L-glutamic acid-H20, L-gluatamine, gylcine, L-histidine (free base)b, L-hydroxyproline, L-isoleucine, L-leucine, L-lysine, L-methionine, L-phenylalanine, L-proline, L-serine, L-threonine, L-tryptophan, L-tyrosine, L-valine, p-aminobenzoic acid, ascorbic acid, d-biotin, calcium pantothenate, cholesterol, choline chloride, ethanol, folic acid, glutathione, i-inositol, menadione, nicotinamide, nicotinic acid, pyridoxal-HCL, pyridoxine-HCL, riboflavine, riboflavine-5-phosphate, sodium acetate-3H2O, thiamine-HCL, Tween 80, vitamin A acetate, vitamin D (calciferol), vitamin E (a-tocopherol phosphate), D-glucose, phenol red, sodium chloride, potassium chloride, calcium chloride, magnesium culphate heptahydrate, sodium phosphate dibasic, sodium dihydrogen phosphate, monopotassium phosphate, sodium bicarbonate, iron nitrate nonahydrate |
Dulbecco's Modified Eagle's Serum | glucose, sodium bicarbonate, L-glutamine, pyridoxine HCl, pyridocal HCl, folic acid, phenol red, HEPES (2-[4-(2-hydroxyethyl)piperazin-1-yl]ethanesulfonic acid), L-methionine, L-cystine, sodium phosphate mono-basic, sodium pyruvate, vitamins |
Earle's Balanced Salt Medium | inorganic salts, D-glucose, phenol red, calcium, magnesium salts |
Fenton Medium | bovine extract |
Formaldehyde | Formaldehyde is used in vaccines to inactivate the virus so the person being innoculated does not contract the disease |
Human albumin | Human albumin is a blood plasma protein produced in the liver that, among other functions, transports hormones, fatty acids, and other compounds, and buffers pH. |
Insect Cells | Cabbage moth and fall armyworm cells are used to grown viruses for vaccines |
Latham Medium | bovine casein |
MDCK (Madin-Carby canine kidney cells) | cells from normal female adult Cocker Spaniel (harvested in 1958 by SH Madin and NB Darby), EMEM(EBSS) (Eagle's Minimum Essential Medium wth Earle's Balanced Salt Solution), glutamine, non essential amino acids, foetal bovine serum |
Mouse Brains | Live mice brains are innoculated with the Japanese encephalitis virus to grow the virus used in the vaccine |
MRC-5 | Medical Research Council 5, human diploid cells (cells containing two sets of chromosomes) derived from the normal lung tissues of a 14-week-old male fetus aborted for "psychiatric reasons" in 1966 in the United Kingdom, Earle's Basal Medium in Earle's balanced salt solution with bovine serum. |
Mueller Hinton Agar | beef extract, acid hydroysate of casein, starch, agar |
Muller-Miller Medium | glucose, sodium chloride, sodium phosphate dibasic, monopotassium, phosphate, magnesium sulfate hydrate, ferrous sulfate heptaphydrate, cystine hydrochloride, tyrosine hydrochloride, urasil hydrochloride, Ca-pantothenate in ethanol, thiamine in ethanol, pyridoxin-hydrochloride in ethanol, riboflavin in ethanol, biotin in ethanol, sodium hydroxide, beef heart infusion (de-fatted beef heart and distilled water), casein solution |
Polysorbate 80 | Also called Tween 80, Alkest 80, or Canarcel 80 (brand names). Polysorbate 80 is used as an excipient (something to basically thicken a vaccine for proper dosing) and an emulsifier (something to bond the ingredients) |
Porcine gelatin | Gelatin is used to protect viruses in vaccines from freeze-drying or heat and to stabilize vaccines so they stay stable |
Stainer-Scholte Liquid Medium | tris hydrochloride, tris base, glutamate (monosodium salt), proline, salt, monopotassium phosphate, potassium chloride, magnesium chloride, calcium chloride, ferrous sulfate, asorbic acid, niacin, glutathione |
Thimerosal | Thimerosal is an organomercury compound used as a preservative |
Vero Cells (African Green Monkey Cells) | cells derived from the kidney of a normal, adult African Green monkey in 1962 by Y. Yasumura and Y. Kawakita |
WI-38 human diploid cells |
Winstar Institute 38, human diploid lung fibroblasts derived from the lung tissues of a female fetus aborted because the family felt they had too many children in 1964 in the United States |
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