Nevada Governor Candidate Warns Boy Scout Jamboree May be Next False Flag

Nevada Governor Candidate Warns Boy Scout Jamboree May be Next False Flag

Says it may come in the form of a biological attack

Adan Salazar
Infowars.com
May 22, 2013

Last week, Nevada’s 2014 gubernatorial candidate David Lory VanDerBeek announced he has reason to believe the next false flag event may occur at the 2013 National Scout Jamboree, and may come in the form of a biological attack.

“Let me be clear,” Mr. VanDerBeekstated on his official site, “my objective in sharing prior knowledge of a mass casualty terror drill is to prevent criminal elements in the government from taking this drill live at the jamboree. I want the good people in government to feel confident in maintaining accountability over one another. As an Eagle scout myself, I want the scouts to have a great jamboree.”

The National Scout Jamboree is a gathering of around 50 thousand members of the Boy Scouts of America, and, this year, is set to take place at The Summit Bechtel Family National Scout Reserve outside of Mount Hope, West Virginia from July 15 to July 24.

Referencing the FBI’s undeniable involvement in helping stage the Boston Marathon bombings, Mr. VanDerBeek said insider sources notified him of a “FEMA mass casualty terror drill” planned for the month of July. He also cautioned that information regarding the drill has been kept secret from the public.

“…FEMA is preparing an unannounced disease outbreak drill caused by conventional and unconventional terrorism in July with 4:1 ratio of mental and ‘sick’” VanDerBeek wrote from notes provided him from unnamed government sources. According to those sources, “this drill could be held at the Jamboree.”

Mr. VanDerBeek also found it suspicious that the location of the Jamboree was altered.

For nearly 30 years, the Jamboree has been held at Fort A.P. Hill, Virginia, an active duty army base VanDerBeek says was an ideal spot due to its ease of access, military defense capabilities and communications availability.

On the other hand, the Jamboree’s new location does not offer the same level of security.

Google map of The Summit Bechtel National Scout Reserve

Here’s Mr. VanDerBeek’s analysis:

National Scout Jamboree 2013 disaster threat analysis of new location. The main body will be at the villages that you can see in the center of the picture as two clearings. There are towns to the northwest with the highway. The events are spread across the reserve of mountainous terrain. If there is an emergency near the summit, how are you going to see the people? Look at the tree cover of the new location. Notice they had to draw the road on the map because you cannot see the road from the sky due to tree cover. There is one road up to the summit and down. However, there are supposed to be numerous helicopter pads. The road is a likely narrow and as you can see curving. It will not be highway quality as in the case of Fort A.P. Hill base. You could not cover that with many emergency vehicles easily even if you had them on hand as you would be able to on a military base. Also if you are the one stuck up on the summit needing help, how do you know you’ll have a cell phone signal to call for help?

“It’s clear that you will not have the resources you would at the Fort A.P. Hill base. It’s much less secure and unguarded if someone wanted to enter the camp from any direction. The trees would hide them on their way in and out,” Mr. VanDerBeek said of the various security flaws that leave scouts vulnerable to a possible attack.

“Being at this reserve,” VanDerBeek warns, “the scouts would be in the perfect location to rationalize a quarantine.”

The potential governor also highlighted the fact that West Virginia’s Division of Homeland Security and Emergency Management has been appointed to provide support for the event.

West Virginia Governor Earl Ray Tomblin signed an executive order last year “giving DHS, FEMA, and the national guard martial law police power over the event,” VanDerBeek commented.

In 2011, The Register-Herald reported, “The order designates the West Virginia Division of Homeland Security and Emergency Management as the principal coordinator for federal, state and local agencies providing support for the Summit Bechtel National Scout Reserve before and during the Jamboree.”

According to the Register-Herald, Division of Homeland Security and Emergency Management Director Jimmy Gianato said a joint inter-agency task force of key federal, state and local agencies have been “building communications infrastructure, increasing capacity for cell coverage, and working with hospitals to ensure they are prepared for a major event.” (emphasis ours)

Mr. VanDerBeek also laid out the Bechtel Corporation’s sordid history and their involvement withseveral nefarious activities, including providing poisonous mobile homes to relief victims of Hurricanes Katrina and Rita. “In sum, if you were evil and you wanted to sponsor a terrorist event on your property because that is who you are? Think Bechtel,” remarked VanDerBeek.

Previously, Mr. VanDerBeek had railed against the spending of tax dollars on recent FEMA zombie and UFO drills, asking, “Do the leaders of our nation believe in UFOs and zombies really? If so, what is their proof? They must have proof in order to spend money on drills? If they have proof, they must provide it to the general public? What is the threat? How imminent is it?”

Shortly after VanDerBeek called out FEMA’s excess spending, they scrubbed details of the exercise from their website, although Paul Joseph Watson was able to save screenshots that can be viewedhere.

As Mr. VanDerBeek correctly noted, if enough light is shed on a false flag event prior to it taking place, the less likely it is to happen.

Jon Rappoport: Top IRS official takes the Fifth: what it means

Top IRS official takes the Fifth: what it means

by Jon Rappoport

May 22, 2013

www.nomorefakenews.com

Now it’s getting interesting.

Lois Lerner, head of the IRS division that oversees tax-exempt filings, will take the Fifth in front of Congress tomorrow.

She won’t answer questions. She won’t say, for example, why she never informed Congress that she knew there was criminal fiddling going on at the IRS, where employees “gave extra scrutiny” to tea party, conservative, patriot, and other groups during the application process.

Instead, as the DOJ launches a criminal investigation, Lerner will tell the House Oversight Committee, “I decline to answer. I invoke my Fifth Amendment right.” Multiple times she will say this.

Meaning: “If I answer, I could incriminate myself.”

Her lawyer, William Taylor, has asked the Committee to excuse Lerner from testifying tomorrow, Wednesday, since she won’t be answering questions. Taylor wrote to the House Committee, “[Forcing her to testify would] have no other purpose other than to embarrass or burden her.”

Tsk, tsk. Mustn’t embarrass a person who has committed crimes. Be nice. Be kind. Yes, Lois Lerner failed to tell the Committee anything about IRS crimes, when she testified four times last year, but so what? Give her a break. Goodness gracious, don’t put her through an ordeal.

Somehow, Lerner’s lawyer’s logic doesn’t stand up. But he’s a lawyer, so that’s no surprise.

Then there was this: a presidential election last year. 2012? Obama? Remember?

If Lois Lerner had blown the whistle then, and the full-blown scandal that’s erupting now had occurred before the election, who knows who would have won the presidency.

Lois was obviously protecting a president running to win a second term. She’s “pre-taking” the Fifth now and hoping she won’t have to appear before the Committee tomorrow, so the Obama administration won’t have to risk hearing a Congressman ask, WERE YOU PROTECTING THE PRESIDENT FROM SCANDAL IN AN ELECTION YEAR?

WERE YOU LYING SO OBAMA COULD WIN REELECTION?

Ahem…the Fifth Amendment wasn’t designed for that purpose. It was designed so a person wouldn’t have to incriminate himself/herself. The Fifth doesn’t exist to protect someone else from scandal.

We get it, Lois. We get what you’re up to.

If you do stand before the Committee tomorrow, why don’t you just say, “I refuse to answer on the grounds that I would cast doubt on the 2012 presidential election and the president.” Come out with it.

One question, though. Are you sure the president you’re protecting isn’t named George Bush? Because this sounds a lot like what Bush’s people were doing all those years.

Am I dreaming here? This is the Obama administration, right? The presidency that was supposed to be transparent and good and different and transcendent, and prophetic of a New Age?

Gee, you mean it’s just biz as usual? It’s every presidency and every administration that pulls dirty tricks? It’s one continuous, unbroken line of diabolical scum at work?

What a shock. Let me hold on to my chair, because the room might start spinning.

Lois, what if there is no Clark? What if he’s not in some phone booth taking off his suit and turning into Superman, so he can rescue you? What if the president and his henchmen are just throwing you to the wolves?

Consider that. Then consider what would happen if you changed your mind at the 11th hour, and instead of taking the Fifth, you checked into the Committee room tomorrow and told everything, and I mean everything, you know.

You could rock the vote, retrospectively. You could make the kind of splash we rarely see. You could upset so many apple carts it would be wondrous to behold.

Wasn’t this administration supposed to be about a massive healing and cleansing? You could make it so, Lois. You could engage with the people, for once, and tell the truth.

I know you’re sweating bullets right now, but think about it.

Imagine the looks on the faces of Steven Miller, Eric Holder, Barack Obama.

The truth and the whole truth.

Priceless.

Lois, your lawyer, Taylor, has written to the House Committee, “[Lois] has not committed any crime or made any misrepresentation, but under the circumstances, she has no choice but to take this course [and invoke the Fifth].”

Wow, Lois, do you see how crazy it’s getting? Your own attorney is basically saying you have no reason to take the Fifth…except for the fact that you have to protect other people. Isn’t that right? Isn’t that what he really means? So who is he really working for?

You’re out there alone. You’re exposed. Why not give them all the shaft and tell the whole sordid story?

Jon Rappoport

The author of two explosive collections, THE MATRIX REVEALED and EXIT FROM THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free emails at www.nomorefakenews.com

How much gold remains at Fort Knox?

Audit Fort Knox

The Great American Disaster: How Much Gold Remains In Fort Knox?

by Chris Weber

A Huge Mystery Remains To Be Solved

Yesterday marked the 39th anniversary of the day when the US Government declared bankruptcy. Oh, they didn’t call it that at the time. But what happened on August 15, 1971 was that the US defaulted on its promise to pay gold for dollars.

Before that day, gold was the legal linchpin of the world monetary system. Although every currency was defined in terms of the US dollar, the dollar itself was legally defined as 1/35th of a troy ounce of gold.

Since then, there really has been no center to the international monetary system. The “reserve currency” continues to be the US dollar. But there is no official definition of what a dollar is. Like every other currency, its value changes every ten seconds as it is traded on the global currency markets. It is a promise to pay nothing. Its value has been devalued for years. On top of that, enormous effort has since been put into the global currency markets: buying, selling, manipulating…none of which has caused anything productive to the world economy. Oh, sure, currency investing has made some of us rich, but is it really the same kind of wealth that, say, Steve Jobs has created with Apple?

After cutting that last tie to gold, there was no longer any discipline left to keep the value of the dollar steady. The US dollar of August, 1971 is as of 2009 worth just over 18 cents, according to the Inflation Calculator. Thus, in purchasing power, the dollar has lost over 80% in the past 39 years.

Only foreigners were legally able to turn in their US dollars and get gold from the US Government from 1934 to 1971. August 15 of that year closed off that last power of convertibility.

In 1934, gold was confiscated from US citizens, melted from coins into bars, and gathered over the next few years into a new storage facility at Ft Knox, Kentucky. After that, the official price of gold was raised from $20.67 to $35, a devaluation of the currency that was an attempt to inflate the economy out of depression. It didn’t work, but what it did do was to attract more gold in one place than had ever been seen.


The peak amount of gold held in Fort Knox reached 701 million ounces of gold. This was in 1949. This amount equaled 69.9% of all the gold in the world; never before had so much gold been gathered in one place.At a time when deflation was depressing prices for all assets, the drastic rise in the official gold price made people all over the world want to sell their gold to the US Treasury. For many years, $35 an ounce was higher than the market price, so foreign sellers got a bargain.

But soon after that, gold began to leave Ft Knox and was shipped to the foreign persons and institutions who ponied up their $35 in Federal Reserve Notes for each troy ounce of gold they wanted. At some point in the 1950s, $35 became too cheap a price for gold.

From then until 1972, at least 75% of official US gold left the nation in exchange for paper dollars which can be printed at will. However, I think the total amount of real gold which remains is even less. The exact amount that remains is now officially listed at 147.3 million ounces. From the peak, that is a decline of 79%.

In 1988, 22 years ago, I wrote a book about Fort Knox, the gold there, and the documented history of official lies, evasions and incompetence of those who were entrusted with the gold.

I say “documented history” because when writing the book, I was very careful to only include official documents and private correspondence from the US government, stretching from 1934 to 1987. Using their own responses to the questions of just how much gold is left, and what that gold’s quality is, for the first time this book put all these governmental attempts to answer the questions about their own gold policies in one place. What their responses revealed was shocking to me.

Nothing since 1988 has happened to change my views.

The Story Of A Great Man

How I came to write this book is an interesting story. I was in the right place at the right time. A man named Edward Durell had been corresponding with the highest US governmental officials for years when he asked me to come to his Virginia farm and write a book based on all his work. He was nearly 90 years old, and had been a wealthy industrialist who had bankrolled the campaigns of many politicians for decades. He was dying (he would die weeks after the book came out) and wanted to see all his concerns made public before he did. It was his life’s work to restore transparency and honesty to the monetary system. (He had learned about me from Congressman Ron Paul. Five years before, in 1982, I had ghostwritten half of Paul’s book, The Case For Gold.)


However, within days of Nixon’s resignation in August of 1974, Durell contacted his old friend (and longtime recipient of Durell’s money for his various past elected offices) William Saxbe. Saxbe wasn’t just anybody: he was then the United States Attorney General, the highest legal official of the executive branch of the government. With a new President, Gerald Ford, who Durell considered more honest, he asked Saxbe to mount a complete audit of the gold at Ft Knox.When President Nixon closed the gold window exactly 39 years ago, Durell began hearing rumors that made him concerned about the amount and quality of the gold that remained in Fort Knox. While Durell was a lifelong Republican, he never trusted Nixon, and considered him a world-class liar.

Saxbe moved quickly to try to placate Durell, and barely six weeks later, on September 23, 1974 Mary Brooks, the Director of the US Mint, led six Congressmen and one Senator on a tour of Ft Knox. It was the first time since Franklin Roosevelt visited on April 28, 1943 that anyone except Mint and Treasury officials had been allowed inside of Ft Knox. Too my knowledge, no outsider has been inside ever since.

It was not an audit or inventory of the gold supply; but simply a tour. But there was more of a carnival atmosphere than anything else. While it seemed to placate the few elected representatives at the time, upon reflection several of them publicly pronounced themselves unsatisfied.

I tell the story of this, and more, in the book. I don’t want to repeat it here. I’m trying to get the book put online, and by the time we go to print with this issue, I may be able to do this. Until then, there are copies of the book available at Amazon.com. It is called …Good As Gold?’: How We Lost Our Gold Reserves and Destroyed The Dollar. (I wrote it as Christopher Weber.)

The book was not a success. In fact, no other book I ever wrote made so little an impact. It came out to a world which didn’t care about the subject. It was not a “sensationalist” book, in the sense that we were not screaming that there was no gold left in Ft Knox. That approach would have gotten more press. Instead, the tack we took was to let the official government responses speak for themselves, while pointing out their poor quality and very unsatisfactory nature. We didn’t want to put out any allegation that would not stand up in a court of law: that’s how carefully the book was written. I’ve sometimes thought that the massive indifference which greeted the book hastened Mr. Durell’s death, and I’ve felt bad about that ever since. Durell was a great man who deserved better.


Maybe a great promoter could have gotten the public interested in the story of how America lost its gold, but by 1988, the bull market in gold had become a distant memory, so maybe nothing would have worked.Part of the failure was my own fault. I did very little to promote the book. This is because I am not a good promoter of anything; I don’t like to be the center of attention and have always tried to avoid fame and the spotlight. While I’m happy to say that I’ve been successful in the avoidance of fame, in this case, I was the wrong person. With Durell dying, the burden of any promotion of the book fell to me, and I let him down.

Of course, the book didn’t have the best title; I’ve forgotten who came up with it (probably me). The “Good As Gold?” part was based on a speech given by President Kennedy days after he took office in January, 1961. As he put it, “the growth in foreign dollar holdings has placed upon the United States a special responsibility – that of maintaining the dollar as the principal reserve currency of the free world. This required that the dollar be considered by many countries to be as good as gold. It is our responsibility to sustain this confidence.”

Sadly, the policies of JFK were just like those of every president from FDR to Obama. They all have treated the value of the dollar as something to be sacrificed in favor of other goals. The only reason why the US dollar is still the reserve currency of the world is that no other nation is in a position to have a currency to challenge the dollar.

What has happened instead is that the dollar is no longer “as good as gold,” and that every currency has fallen in value in terms of gold.

The One “Audit” Of Fort Knox

The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. Thus, the new President ordered an audit within hours after taking office.

The central problem was that it wasn’t much of an audit. To sum it up:

  1. Representatives of the audited group were allowed to make the rules governing the audit. No outside private experts were allowed.
  2. Those government bureaucrats involved were inexperienced in their tasks, by their own admission.
  3. The entire audit of the largest gold hoard ever concentrated in history lasted only seven days.
  4. Only a fraction of the gold was actually tested. Later, the officials put this fraction at just 5%.
  5. Based on that fraction, the official committee reported that, in their opinion, all the holdings would have matched their records if they’d all been tested.
  6. If the audit was accurate, the fact remains that almost 80% of it went overseas in the coming years. If the audit was not accurate, the amount of gold lost could have been even more.

This one and only audit reassured the America of 1953. But that America was still used to accepting official government statements at face value. In later years, after all the lies connected with Vietnam, Watergate, and so many things ever since, Americans today have lost much of their respect and belief in the words of their government. (In fact, few today even view it as “their” government.) An audit such as the one of 1953 would today satisfy almost nobody.

The years after 1953 saw hundreds of millions of ounces of gold fly out of the US. It is absolutely certain that wealthy Americans, operating behind foreign institutions, were able to accumulate gold at what are clearly now bargain prices. But more important, America’s enemies were able to do the same: exchanging the paper dollars for gold at $35 an ounce.

In the book, I tell the sad story of how Washington tried to suppress the price of gold during the 1960s with the London Gold Pool. Both the official and private responses regarding this are included.

It is clear to me that the last bull market for gold lasted 20 years, from 1960 to 1980. However, the price of gold only rose during the 1970s. This is because the price was manipulated – suppressed – all during the 1960s. When the manipulation stopped, the price soared far and fast to make up for the time it had been held down artificially. From $35 in 1971 to $850 at the January 1980 peak, that’s a rise of 2,329% at a time when every other asset class was either doing nothing or plunging.

After a period of moderation in inflation which began in 1980, gold went into a bear market. However, it reached a low of $256, much higher than the old low of $35. When the price began to rise in 2001, it hasn’t stopped. However, this has been a stealth rise, a bull market that has been ignored by most people.

Even after 10 consecutive years of annual rise, very few people own it or are excited about it.

I think there is still much, much more room for gold to rise. This bull market will take the price to a level much higher than most anyone today believes possible.

There are people who today think gold’s price is being manipulated and held down. If they studied the history of the London Gold Pool, they’d have to realize that any supposed suppression going on today is child’s play compared to what went on as official policy in the 1960s. If gold’s price action since 2000 has been suppressed, I say bring on more of it! It’s making gold holders wealthy.

10 year gold price per ounce
10 year gold price history in US Dollars per ounce

We’re straying a bit from the main subject.

The central part of what I learned is that, by official admission, only a small percent of the gold that is left in Fort Knox is “good delivery” gold. In fact, though this is just my opinion, I wonder if there was so little such good delivery gold left by August of 1971 that Nixon had to close the gold window.

“Good delivery” gold is gold that is at least .995% pure. Pure gold is .9999 fine. However, gold is allowed to be .995 fine and still be acceptable to buyers, such as central banks and sophisticated investors. All of the gold that had left Ft Knox before the window closed 39 years ago today was “good delivery.”


This happened a few months after the September 1974 tour. During that event, which lasted less than four hours, the visitors were shown only what the Treasury officials conducting the tour intended these elected (non-expert) representatives to see. Only one of the 13 compartments supposed to contain gold was actually opened to the visitors. As the cameras flashed, a few bars were weighed by the Congressmen. None of them were assayed.The shocking admission Ft Knox holds very little good delivery gold was made to Mr. Durell by the chief official of the General Accounting Office (GAO).

But even worse than this was the fact that these eyewitnesses were shown bars that were strangely orangish in hue. This is a sign that they are far from pure gold.

This should come as little surprise, however. Remember that the gold confiscated from Americans had usually come in the form of gold coins. Pure gold coins are considered too soft and copper is usually added to strengthen them. US coins before 1933 contained about 10% copper and 90% gold. Thus, the bars made from melting them often contained the same proportion. Some of the new bars had the copper removed: these were good delivery bars that went out the gold window before 1971.

But much of what was left, as seen in the one compartment opened in Ft Knox, were quite obviously of bad quality. They were the dregs of what had been the greatest accumulation of gold that had ever been seen.

At the same time, the Treasury agreed to audit the gold. However, they only agreed to audit 20% of the gold. This was supposedly done over a 30-day period that began the day after the tour.

The results of this “audit” were released in February of 1975. Mr. Durell was less than impressed with the whole thing: it was certainly not what he had wanted when he brought up the subject with Attorney General Saxbe the previous August. He felt, with justification, that he (along with everyone else) had been bamboozled.

By February 1975 Saxbe was Ambassador to India, so Durell communicated his displeasure through his local Virginia congressman.

As a result of this, the GAO sent four men to Durell’s Virginia farm to try to convince him of the validity of their accounting practices. In charge was Hyman Krieger, the GAO’s Washington regional manager.


Krieger confirmed this in a letter to Durell of April 11, 1975:The one concrete piece of information to emerge from this meeting was a bombshell. Krieger admitted that only a small part – 24.4 million ounces – of the official gold was of a quality of .995 or better. In other words, less than 10% of the 264 million ounce held by the Treasury could be considered good delivery gold.

“We analyzed, as agreed, the gold bar schedules for Fort Knox and found that fine gold in good delivery form (.995 or better) at Fort Knox totaled 24,411,140 ounces.”

This from the 701 million ounces that were the supposed peak. In fact, in the absence of a true and independent audit and assay, we really can’t be sure of how much is actually there. First the Treasury said that 264 million ounces of gold was there by the end of 1972, but later on the number was changed to 147.3 million ounces, and that’s the number it stands at today.

What happened to change the 264 million to just 147? How much – exactly – remains in Fort Knox? Of that, how much – exactly – is good delivery quality? What is the quality of the rest?

After an unsatisfactory 1976 attempt by the US Treasury to answer its critics, the curtain came down. The next President, Jimmy Carter, was even worse. His people were even less interested in candor than the Ford officials were.

And Reagan? Although he made nice noises about a return to a gold standard, his officials met any attempt at an honest and transparent look inside Fort Knox with slippery evasions that contained more than a hint of ridicule and mockery.

I don’t have the space to detail all these here, but they are in the book. It is all a most dispiriting story.

If the US Treasury was really interested in erasing all the questions, they could have done so at any time by allowing a truly independent audit, with acknowledged experts.

Instead, the history of their responses over the decades gives the impression that they have something to hide. They have done their part to cause the average American to distrust their government, regardless of which political party is in power.

Occasionally, news leaks out that makes one wonder how bad things really are. The New York Assay Office had been the only part of the Treasury that had melted and refined gold starting with the 1934 confiscations. A few years ago, it was announced – in connection with another story – that over 5,000 ounces of gold had been stolen from this office. According to the Treasury official in charge, “The full truth [amount] may never be known because the records are so poor.” Two Treasury employees were ultimately charged with theft in this one case, but who knows how many other episodes have happened? No one is watching. Everyone knows that for every government scandal that is revealed, many more are covered up. Some are done by design, some by just plain incompetence.


In an era where the world is finally rediscovering the value of gold, the only ways the US will ever get back anymore official gold will be either to buy it in the open market or to confiscate it from its citizenry again.After decades of mismanagement, it is clear that nearly all of the good-quality gold in Fort Knox is gone. If a real audit were ever done and made public, it would shock the nation.

The government may indeed try to confiscate gold from Americans again: I can’t put anything past them. But the Americans of today’s world are not like those of 1933. They are suspicious of their government, and would act more like Europeans have always done: they’d hide their gold from the government. The only way the 1933 confiscation worked was by voluntary participation. Americans considered their turning in of gold as a patriotic act. This would not be the case today.

It is much more likely that America will continue to denigrate gold, just as it has for decades. Most officials; indeed, virtually all officials, don’t respect gold at all. In that, American officials are much like American investors. Future historians will be amazed at just how fast America declined starting in the late 20th century. As has happened so often in the past (although much more slowly) no great nation ever went off the gold standard and remained great.

China Moves To Increase Domestic Gold Demand

This is so very different from the actions of the Chinese. Slowly but surely over the last few years they have been turning toward gold. First the Chinese central bank has bought all of the production of the gold mined in China. It has so encouraged mining that the nation has become the largest producer of gold on the globe.

However, until now, the decades-old policies of dictating to domestic commercial banks have stood in the way of gold accumulation by both banks and individual Chinese. This now is changing. On August 3, the government issued new rules which allow at least some banks to import or export gold for the first time in the history of post-1949 China.

It is a safe bet that Chinese banks will not be exporting gold. In effect, they are being given the green light to buy gold on global markets and sell it to their customers, or just keep it themselves. Actual gold trading in China has been rather thin, what with the government taking up all of domestic production.

This new policy seeks to widen the amount of gold available to Chinese.

The rules not only cover domestic Chinese banks. Foreign banks in China are also now free to import and sell gold to Chinese.

A few weeks ago I titled an issue: “Has China Put A Floor Under Gold?” The idea was that Chinese appetite for gold is now such that any price corrections are very small and don’t last very long.

The price action of the past few days has shown that this is looking to be the case. After gold soared to a record high $1,261 in June, it backed off. This was only natural, after such a huge advance of over 80% in about 18 months. I wouldn’t have been surprised to see gold correct to lower than the low of $1,155 it briefly touched last month.

Since then, gold has turned up again. It’s looking like the 6–7% correction we saw is all we’re going to get. Moreover, it lasted just a very few weeks.

Look at a gold price chart over from the past several months and it is becoming clear that the correction from the record high is like nearly all the other corrections since this bull market started: very small.

The action hasn’t given buyers who want a bargain time to get in.

When I say “China” is putting a floor under gold, it is probably better to say “Asia” in general. The Chinese in Hong Kong and Singapore as well as the Indian communities in Asia are buying. Also, don’t forget the Vietnamese. All over Asia people are snapping up gold without waiting for a major correction. By so doing, they may be making sure that a major correction doesn’t happen.

The best policy is not to try to time your purchases. Just accumulate to the point where you have enough, in percentage terms.


I suppose you can sum up all this by stating some simple numbers. When Americans gave up their gold back in 1933, they were paid $20.67 for each ounce they surrendered. If they had simply lost one of those ounces behind the sofa, today they could exchange it for over $1,200. But if they had taken that $20.67 and misplaced it until today, that amount of money would only buy what a mere $1.32 would have bought them they day they turned in their gold.

 

An Editorial

That’s how well the dollar has held its purchasing power since 1933. And that’s how well gold has held its.

If gold is ever confiscated from Americans again, they’re going to have to make a choice. If they know their history, they will know that the last time the people’s gold was confiscated, the government treated that gold poorly. Let it slide through it’s fingers, let it be bought for much less than its true value and in exchange for it’s own pieces of worthless paper. Who knows how much was simply stolen by government employees acting on their own? But likely much more was lost in foolish schemes like when in the 1950s the CIA parachuted millions of dollars worth of gold bars into Poland to support what they thought was a powerful underground movement against the Soviets. In fact, the Soviets had wiped out that movement years before, turned its key people into double agents and played the CIA for suckers. As time passes, we are hearing more stories like this.

The only Americans who ended up with American gold were the wealthy who were able to buy it offshore. Thus, we saw a transfer of wealth from middle class to wealthy long before people have recognized that trend today.

In short, the US Government fouled up the entire episode in much the same way that it has ruined nearly everything else it has touched.

Indeed, there is reason to think if Americans’ gold is ever confiscated again, it won’t be by the central government, because that government will have finally lost all legitimacy. Instead, we could see a pattern of local strongmen or warlords that have afflicted other nations in the past – even now-modern nations like Japan and in Europe – and still is seen in places like Afghanistan. Some of those warlords, like the “Northern warlords” of the Ahmed Shah Mossoud organization, have been supported by the Americans; others have been opposed. It would be the kind of tragic irony history loves if local warlords are ever seen on American territory: instead of the US conquering Afghanistan, in effect the US will have been conquered by Afghanistan.

I think we are at the point that if honest money is ever to be seen, we will have to see also a complete separation of money and state.

The State has had its chance to control money: It has made a mess of it.

August 17, 2010

Chris Weber [send him mail] writes the Weber Global Opportunities Report. He has been an investor since 1971.

Copyright © 2010 Chris Weber

 

What do these Events Have in Common?

Live Terror Drills

 

London Underground Bombing ‘Exercises’ Took Place at Same Time as Real Attack
Culpability cover scenario echoes 9/11 wargames

Paul Joseph Watson & Alex Jones/Prison Planet | Updated July 13 2005

UPDATE: London Underground Exercises and the Magically Exploding Terrorists: Important Questions

A consultancy agency with government and police connections was running an exercise for an unnamed company that revolved around the London Underground being bombed at the exact same times and locations as happened in real life on the morning of July 7th.

On a BBC Radio 5 interview that aired on the evening of the 7th, the host interviewed Peter Power, Managing Director of Visor Consultants, which bills itself as a ‘crisis management’ advice company, better known to you and I as a PR firm.

Peter Power was a former Scotland Yard official, working at one time with the Anti- Terrorist Branch.

Power told the host that at the exact same time that the London bombings were taking place, his company was running a 1,000 person strong exercise which drilled the London Underground being bombed at the exact same locations, at the exact same times, as happened in real life.

The transcript is as follows.

POWER: At half past nine this morning we were actually running an exercise for a company of over a thousand people in London based on simultaneous bombs going off precisely at the railway stations where it happened this morning, so I still have the hairs on the back of my neck standing up right now.

HOST: To get this quite straight, you were running an exercise to see how you would cope with this and it happened while you were running the exercise?

POWER: Precisely, and it was about half past nine this morning, we planned this for a company and for obvious reasons I don’t want to reveal their name but they’re listening and they’ll know it. And we had a room full of crisis managers for the first time they’d met and so within five minutes we made a pretty rapid decision that this is the real one and so we went through the correct drills of activating crisis management procedures to jump from slow time to quick time thinking and so on.

The fact that the exercise mirrored the exact locations and times of the bombings is light years beyond a coincidence. Power said the drill focused around ‘simultaneous bombings’. At first the bombings were thought to have been spread over an hour, but the BBC reports just today that the bombings were in fact simultaneous.

Mr. Power Visor Consultants need not have been ‘in on the bombing’ or anything of that nature for this to be of importance. The British government or one of their private company offshoots could have hired Visor to run the exercise for a number of purposes.

We are not suggesting that Mr. Power had any knowledge of the real purpose of the exercise, and the open shock he exclaims in relating the story underlines this.

The exercise fulfills several different goals. It acts as a cover for the small compartmentalized government terrorists to carry out their operation without the larger security services becoming aware of what they’re doing, and, more importantly, if they get caught during the attack or after with any incriminating evidence they can just claim that they were just taking part in the exercise.

This is precisely what happened on the morning of 9/11/2001. The CIA was conducting drills of flying hijacked planes into the WTC and Pentagon at 8:30 in the morning.

It is clear that at least five if not six training exercises were in operation in the days leading up to and on the morning of 9/11. This meant that NORAD radar screens showed as many as 22 hijacked airliners at the same time. NORAD had been briefed that this was part of the exercise drill and therefore normal reactive procedure was forestalled and delayed.

The large numbers of ‘blips’ on NORAD screens that displayed both real and ‘drill’ hijacked planes explain why confused press reports emerged hours after the attack stating that up to eight planes had been hijacked.

The Anglo-American establishment that controls the military-industrial complex of the West has been caught over a hundred times carrying out bombings and other terrorist attacks around the world to further their corporate aims and to blame their enemies.

The US government has been caught planning to carry out attacks and carrying out attacks. The British government has been caught red-handed as well. Members of Vladimir Putin’s FSB were caught planting bombs in a Russian apartment building in 1999 by the Moscow police.

This is not speculation. Kermit Roosevelt admitted on NPR radio that in 1953 the CIA and British intelligence carried out a wave of bombings and shootings in Iran. He then went on to brag about how they subsequently blamed the bombings on Iran’s President, Mossadegh. Do you understand, these people brag about what they do 40 years later?

The London bombings have the same signature as the Madrid bombings of 3/11. Both of these bombings are almost indistinguishable from the Bolognia bombing in 1980 that killed over 80 people.

The bombing in Bolognia was part of a CIA operation code named Gladio, where the US government would pay right-wing terrorists to carry out bombings to be blamed on leftists in Europe. All of this was blown wide open when two of the Bolognia bombers were convicted in an Italian court, forcing them to spill their guts admitting that they were neo-fascists contracted by the CIA. Operation Gladio documents have since been declassified.

The London terror alert level was lowered before the bombings took place. This gave the perpetrators extra cover to plan and execute the attack without having to evade the most stringent security.

In any crime you look at history and motive. The British government has been caught in multiple examples of carrying out bombings in London which were then blamed on the IRA. They even had one of their own MI5 agents within the Omagh bomb squad. Click here for an archive of this evidence.

The wider agenda will become clearer when Blair firmly points the finger at the selected patsies designated to take the fall. But for the moment he’s happy to grandstand as the courageous leader who immediately returned to London to take control of the chaos.

BBC polls that were showing 80 per cent plus opposed the ID card will now likely flip back in the opposite direction. Support for the European Union and increased globalization through the G8 will rise. Who stands to gain from all this? Who has the motive?

From Putin blowing up his own apartment buildings to Israel being behind Hamas, the evidence is consistently clear that large-scale terrorism is always state-sponsored.

The Madrid train bombing is another example. The bombers were found to be police informants with close links to the Spanish security services. They had access to the most secure areas of the Madrid train system. The Spanish government initially tried to blame the Basque group ETA for the blast in the hope that the people would rally behind the government and get them re-elected. After ETA denied involvement and the people started saying the government was involved, the Spanish government had to blame Al-Qaeda and kill some patsies by claiming they blew themselves up during a raid.

The London Underground exercises were used as the fallback cover to carry out the attack. This is the biggest smoking gun yet pointing directly to the most secretive levels of the British establishment itself being behind the attack.

Mainstream Media