The Secret World of Gold

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Is Economic Armageddon on the Horizon?

 George Soros seems almost hopeful. He's buying up all the gold, and off-loading all of his equity positions in major financial stocks. Take a look at the 13-F report he filed with the SEC.  Moreover, billionaire John Paulson, who made $20 billion off the sub-prime mortgage meltdown, is also going gold crazy.  Not to mention the central banks. They're buying up gold in great quantity. In fact, central bank gold demand doubled since last quarter!

So Soros is backing up his words of warning, stated in Newsweek, with action in more ways than one. Let's not forget Soros's Management Fund purchased enough grain elevators and food production sites to become the third largest conglomerate in the food industry in the U.S.

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
[...]
As anger rises, riots on the streets of American cities are inevitable. “Yes, yes, yes,” he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”

However, there are even more disturbing signs and/or clues that indicate economic collapse may be closer than we think. In addition to the billionaires and the central bank gold grab, here are some more interesting occurrences that make you go hmmm:

1. U.S. banks told to make plans for preventing collapse -- Uhm, shouldn't banks already have recovery plans? Banks are pulling in record profits right now, but you can bet your bottom dollar that should we see another economic collapse in the near future, the banks will be first in line for handouts, despite what this article reports.

U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

2. The fed's plan to raise capital requirements for the banking industry in September. According to Mark Adams JD/MBA, in a comment he made regarding the possibility of a banking crisis, he said,

"an increase in the reserve ratio will cause many banks to become under-capitalized with the stroke of a pen thereby causing a banking crisis which will result in another bailout for the big banks, another consolidation of power in the banking industry, another tightening of credit for main street, another economic crash, and austerity for the rest of us.
[...]
I'll explain what going from a reserve capital ratio of 4% to 6% will do. With a capital ratio of 4%, a bank can lend $25,000 for each $1,000 of capital which includes funds raised through stock offerings, retained earnings and deposits. With a capital ratio of 6%, a bank can lend $16,667 for each $1,000 in capital. Since banks produce earnings by lending, most banks want to lend as much as is allowed, so this increase in the reserve ratio will immediately cause most banks to become undercapitalized thereby needing to be taken over and bailed out. After the new rule takes effect, banks that are lending more than 2/3rds of what is currently allowed will be undercapitalized, so that is most banks."

3. 611 bankster resignations in seven months -- American Kabuki posted  each and every one of them from 9/1/11 to 4/22/12...from world banks to investment houses to money funds to etc.

4. Homeland Security pursuit of crowd surveillance -- Are they expecting crowds to gather? And if so, why?

5. Multiple agencies of the federal government have ordered and are stockpiling millions of rounds of hollow point bullets -- While it's true, Fox News is reporting that it is not for potential civil unrest, but is "standard issue" and simply used for mandatory federal training sessions. However, as Maj. Gen. Jerry Curry pointed out, cheaper firing range bullets are used for practice and training.

Hollow point bullets are so lethal that the Geneva Convention does not allow their use on the battle field in time of war. Hollow point bullets don’t just stop or hurt people, they penetrate the body, spread out, fragment and cause maximum damage to the body’s organs. Death often follows." -- Maj. Gen. Curry

Moreover, Curry added that during the Iraq War the U.S. military used 70 million rounds of ammunition per year. Compare that with the 450 million rounds of hollowpoint bullets ordered in March by the Department of Homeland Security, and the additional 750 million rounds of hollow point bullets (DHS) ordered recently. That's over 1 billion hollow points in less than six months! 

RoninMaximus sums it up:

"What has largely been DELIBERATELY ignored by the media – though, I know full well they are more than aware – is that these thieves were insolvent when they were given trillions of US taxpayer money in the heist that was called a financial crisis in ’08. What the banks have done, along with their criminally complicit politicians is to craft the biggest fraud and the subsequent transfer of wealth in man’s history…using the outrageous and audacious fear tactic of too big to fail. The truth is, what was too big to allow to fail was the lie most all of the actors involved knew about and perpetuated.

The derivatives market is where the banks have been gambling away unabated since said financial crisis came to light in the first place. They’ve continued to manipulate the prices of the commodities market to keep their collective theft on going with Wall Street and Washington cheering it on. This is criminal, pure and simple and the government is attempting to quietly prepare militarily to deal with “we the people” when it becomes plainly apparent this ponzi scheme called the central bank is seen for what it is: An engine of theft and destroyer of the middle class’s wealth.

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Quattuordecillion in Secrert Sovereign Wealth Funds?

I was still trying to conceptualize $1 trillion when I came across the concept of $1 "quattuordecillion" - that's one, followed by 45 zeros:  $1,000,000,000,000,000,000,000,000,000,000,000,000,000,000! Enough money to buy a gold cube the size of the orbit of Saturn!  Now, I don't know about you, but I was never taught to count that high. In fact, to be honest, I never knew such a word existed; let alone, the idea of that much wealth.  So, one has to ask: who possesses this unbelievable accumulation of wealth?  If in fact, it exists. Well, who do you think? That infinitesimally small group of people who possess and control everything else: the global elite. Of course, they have done everything in their power to keep this a big secret, including a launching a disinformation campaign on the Internet that includes all the big players: Wikipedia, Google, etc.

The global GDP is reported to be $55 trillion annually, but you see governments maintain two sets of accounting books. One which is displayed to the public which contains official data issued by the government, and another secretive version which is used between sovereign entities. It is this secretive ledger that contains both the collateral accounts and Saint Germain's Foundation Divine and World Trust

Okay, for those of you who do not equate deep research with conspiracy fruitcakes, a little history:

In 1875 the wealth and assets of the royal families and nations held under colonial rule were centralized into one combined account to be used to the benefit of all nations. Then in 1921 the Royal Families and nations that owned the wealth in the Collateral Accounts agreed to establish the Trilateral Trillenium Tripartite Gold Commission to house and oversee these combined funds that contain deliverable precious metals and currencies worth upwards of one quattuordecillion dollars.  The  Combined International Collateral Accounts of the Global Debt Facility, contains within its ledger, the World Trust which is now worth $1 quatrodecillion dollars

From 1944/5 - 1994/5 The Trilateral Trillenium Tripartite Gold Commission (TTTGC) was organized and implemented, by the Nations of the World, with a Term period of 50 years. During this term period the Commission held the Mandate, Rights and Authorities over The Combined International Collateral Accounts of the Global Debt Facility. Following the expiry of the 50 year term, the Nations of the World, disappointed with the biased way The Combined International Collateral Accounts had been utilised within the 50 years, agreed not to extend the term of the TTTGC, but instead appointed a single independent person to the position of International Treasury Controller with full rights, authority, and legal ownership of the Combined International Collateral Accounts.

Extensions of this agreement were expanded through international treaties, some of which are still classified as top secret, including:

Jekyll Island Treaty (1910)
The London Treaty (1920)
The Second Plan of the Experts (1929)
The Hague Agreement (1930)
The Far East Combined Depositories Agreement (1932 1945)
The Bretton Woods Agreement (1944)
The B.I.S. / Allies Agreement (1948)
The Green Hilton Agreement (1963)
The Schweitzer Conventions (1968)
The Election / Appointment of Sole Arbiter Agreements (1995)
The Washington Panel (1998)
The Treaty for Respecting the Rights (2003)

These treaties were ratified by the sovereign nations of the world.. Proof of such is recorded in every nations charter of the U.N. The USA charter is based on the constitution and thus subject to constitutional law. Only Kings/Queens, Presidents, Prime Ministers, and in some cases Minsters of Finance or Foreign Affairs are granted access to these accounts. Verification is undertaken through a specific office under specific protocols dictated by the Head Office of the United Nations.

To curtail - or possibly, escalate illegal activities -  in 1995, the Trillenium Trilateral Tripartite Commission was stripped of its power and placed under the control of the International Treasury Controller and the Office of International Treasury Control, at the United Nations. Additionally, they now have jurisdiction over the IMF, World Bank, and the Bank of International Settlements which are all part of the Collateral Accounts. Despite this; the IMF, World Bank, and BIS continue to use the assets illegally for their own financing without giving any thought to the needs of the people of the world.

A controversial whistle blower has said that the US did not like that result and so the US, UK and France and their allies have continued to act as rogue nations attempting to keep stolen assets (and seeking to steal more) from the Collateral Accounts. These nations are, supposedly, covertly hindering the work of the OITC; hiding behind the secrecy provisions in the various treaties that established the OITC, as they seek to limit and even destroy the OITC's global wealth creation initiatives. He has also claimed that some of the assets were deposited at Ft. Hood, in an underground facility.

Who, in particular, is in charge of all this wealth? The Office of International Treasury Control?  Well, a man named Dr. Ray C. Dam is currently Chairman of this little known office.  Dam was appointed by the nations of the world as International Treasury Controller, Legal Decadency to Heir, Sole Arbiter, Owner and Controller of all Combined International Collateral Accounts of the Global Debt Facility, under International Legal Transfer Record RCD1088.   However, Dr. Ray C. Dam is a person, but His Excellency Dr. Ray C. Dam is a certified and indemnified international Central Banking financial institution operating as The Office of International Treasury Control.

The Assets of the Combined International Collateral Accounts are in constant use, assisting to finance countries and such organisations, either in part or full, as the International Monetary Fund, The World Bank, The International Finance Corporation, International Development Banks, United Nations, and additionally under-pinning the US Dollar as the World’s Reserve Currency.

George Freund posted the documents "purporting the sovereign wealth of those who claim to be sovereign".  And below you will find a letter that has been verified as being issued by Russell L. Munk, International Division, US Treasury, General Counsel, International Department, US Treasury, Washington D.C. 20220, USA, as of the date of the letter.
Now, for the important part. How do these funds reach you and me? Oh, I didn't tell you. These prosperity funds were created, in part, for the common man; although, we're at the bottom of the heap, because they must first travel down through 30.000 different trust funds beginning with the World Trust, at the highest level, under the world court.

• Level one: Saint Germain's Foundation Divine and World Trust
• Level two: 180 Royal Trusts. Examples include the French Trust, Russian Trust, Vatican Trust
• Level Three: Illuminati Family Trusts. Examples include Warburg Trust, Rothschilds Trust Rockefeller Trust
• Level Four: 250+ Corporate Trusts including GE, Lockheed, and at&t
• Level Five: Prosperity Program Trusts and 72 Bank Roll Programs managed by the IMF under the guidance of Saint Germain Bank roll programs include Bergavine, Omega and Freedom

The funds travel through each level they must be signed off by 4-5 trustees per trust

Starting at 38:40, the video below explains the collateral accounts

Ecclesiastes 6:2 A man to whom God hath given riches, wealth, and honour, so that he wanteth nothing for his soul of all that he desireth, yet God giveth him not power to eat thereof, but a stranger eateth it: this is vanity, and it is an evil disease.

Related Links:

Global Settlement Foundation: Finality of Settlement

Finality of Settlement Part II
Green Hilton Agreement 

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Ron Paul and the Multi-Trillion Dollar a Year System of Wealth Generation for the Inside Players

We've all heard, "He who controls the gold makes the rules", as well as the famous quote, “Those who don’t remember history are doomed to repeat it.” Yet, most of us do not fully comprehend who owns all the gold, and we're conditioned to believe that the only pertinent history is stored on our Twitter, Facebook, and/or cell phone.

Meanwhile, in our ignorance of history, without any idea who really owns all the gold, war on the middle class; war on our civil liberties; a widening inequality gap; unemployment and underemployment; Washington gridlock, and wars, proxy wars, and secret drone wars continue to escalate, supposedly on our behalf.

What's the answer? Why, Ron Paul, of course.

But, first, before settling on Ron Paul as a savior, who will deliver "We the People", from evil, don't you think it's important to understand not only history, but who really owns the gold, and its implications? Because, one thing for certain, it's not us. Over 80% of the physical gold is owned by the "ruling elite". "We the People" own less than 10%, with independent commercial interests owning the rest.

As I have posted before, here, and here,  according to the Comprehensive Annual Financial Report (CAFR) the Federal Reserve, despite what Ron Paul says, is already audited, and the currency is already backed, at least, in part, by gold, and, in part, by us - our labor.  Moreover, the market price of gold on the London Fixing ranges between $1600 to $1800 per oz; however, the statutory price of gold is $42.22 per fine troy ounce. As of 9/30/11, there were 261,498,900. And most importantly, the  treasury may redeem gold certificates at any time for the statutory price!

Walter Burien, in his article, SO YOU WANT A GOLD BACKED CURRENCY - THE 50-YEAR PLAN IS COMING TO A CLOSE, explains that what we are seeing at this time is the "culmination of a “50 year plan” that began in 1963 - after the assassination of JFK - when we went off the gold and silver standard...that's when the 50-year plan began. At that time, there was an organized effort to "buy all of the gold each and every year. Hundreds of tons per month as they manipulated to keep the price low."

By 1999, their stockpile of gold increased by over 20,000 tons, and continued to do so right up until 2000. By 2001, the stage was set as 9/11 created the sky-is-falling fear, aided by the 2008 financial crisis, needed so that Ron Paul's sound-bite conditioning on the importance of gold-backed currency could really take off.

This promotion by the cartel to make the public believe “it is essential to have a gold backed currency” will continue.  And according to Burien, "international circumstances will be created to bring the fear level to the brink". He goes on to say, in 2013-14, the powers that be will yield to demands for gold backed currency, which will give the cartel the liquidity to unload what they have stockpiled for half a century as the country obtains the physical gold to back the currency at 1000% + profit locked in, leaving the public as the bag-holder.

After the conversion is complete, then the collapse in gold prices begins (2015-16), with the true and real collapse of the dollar now taking place backed by the quickly diminishing value of gold. Hence, the wealth transfer to the cartel, complete.

This should come as no surprise to any of us. The 'Godfather' federal government - or in Burien's words, "wealthiest organized corporate syndicate ever known who out of self interest selectively spoon feeds the population the parameters of how and what to think due to the money involved. They have the best psychologists; market strategists; and create the curve of public opinion that money can buy" - has been making us an offer we can't refuse for quite some time, as one man summed it up so well:. 

alljammedup wrote:

"...here's my BAD dream as the owner of a small business...(speaking of the Federal Government) they'd like to make me a business offer. Seriously. This is a real offer. In fact, you really can’t turn them down, as you’ll come to understand in a moment…

Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal.

But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s half of your profits.

Now in return for my rules, I’m going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits.

You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you’ve got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you’re my partner. It’s only “fair”.

Now…after you’ve put your hard-earned savings at risk to start this business, and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life.

Whether or not this is “fair” – some people never can afford to retire – is a different argument. As you partner, I’m happy for you to sell whenever you’d like…because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know…I know… you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true. But I’ve done my part, too. I’ve collected 50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business. Oh…and one more thing…

Even after you’ve sold the business and paid all of my fees…I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay be 50% of whatever you estate is worth.

After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think its “fair” for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you’re a very successful entrepreneur…if you’re one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public…you’ll end up paying me more than 75% of your income over your life.

Thanks so much.

I’m sure you’ll think my offer is reasonable and happily partner with me…but it doesn’t really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules- I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That’s how civil society is supposed to work right? This is America, isn’t it? That’s the offer America gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…LOL.....who wants to be in business today?????

FYI...65% of new jobs were created by small businesses.

http://www.sba.gov/advo/stats/sbfaq.pdf
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What Should Be the Servant has Become the Master.

It's no secret that the ruling class does not want an alert and informed citizenry that can read budgets and ask critical questions. In fact, millions, if not billions of dollars are spent to keep the masses completely in the dark regarding our monetary system. Why? Those who "get it" are far more likely to fight for control.

In an overly acquisitive society such as ours, where the drive to amass obscene amounts of wealth trumps any and all regard for human life, it's time to reform our monetary system. Hence, the reason why it's so important to develop an understanding of what money really is. That is, if we, the masses, wish to not only take back our nation, but, moreover, to maintain our humanity.

Here's the thing, there is so much disinformation circulating, it's not easy to discern the truth. Nevertheless, this is some of what I've learned so far.

Economics is not a science, yet economists - in an effort to make economics, more scientific, I guess - removed "normative values" from its study. What are "normative values"? In one word, morality. Well, removing standards of ethics, honesty and morality from its study might be okay if economics followed the scientific method, and wasn't so intertwined with our survival, but it doesn't, and it is.

Unfortunately, too many economists ignore the historical origins of money, as most are trained to support the status quo...something that is clearly not working. As Alexander del Mar once said, "As a rule, economists do not take the time to study the history of money. It's much easier to imagine it and deduce the principles of this imaginary knowledge."

So, what is money? 

John Locke and Ben Franklin defined money as a pledge for wealth instead of wealth itself. However, it is Aristotle's definition: "money exists not by nature, but by law," that made "money" by it's very nature, a fiat of the law.  Now, despite the ranting and raving of the many against our fiat money system, fiat money, in and of itself, is not the problem; rather, it's fractional reserve banking...the private creation of "money" that is the problem here. Why? In a nutshell, it benefits only those who control its usurious issue.  If the money power is privately controlled, it benefits the few...if publicly controlled, it benefits the many.


It was Jeremy Bentham, best known for his advocacy of utilitarianism, and his influence upon modern welfare economics, who we can thank for redefining usury.  In a series of letters written to Adam Smith, he tried to convince Smith to give up his support for interest rate limits. Originally, the concept of usury was much more comprehensive than the mere charge of interest. According to Stephen Zarlenga, usury was the "antisocial misuse of the money mechanism for private gain".  Our entire monetary system is a usurious kleptocracy. 

Part of the "monetary" agenda consists of substituting the idea of credit for the concept of money, so that we, the people will come to think of money and credit as interchangeable, when that not true at all. Credit is only a promise to pay in the future; whereas money pays at the time of exchange. Not to mention, credit evaporates in a crisis; money does not.

What about Ron Paul and his mission to return to the gold standard?

Essentially, he is mis-defining money as a thing...in other words, as wealth. This will not give our society the ability to advance properly, because there will never be enough gold to keep pace with population and commerce growth. As history has shown,  banks will cheat and issue private bank paper that only pretends to be convertable to gold. One can only imagine the problems that would cause in a crisis. 

So back to Aristotle's defintion.  The only problem with  is that his definition is all too brief. Alexander del Mar later expanded on Aristotle with the following defintion of money:

"What is commonly understood as money has always consisted tangibly of the number of pieces of some material marked by public authority named and understood by the laws and customs that its palpable characteristic: mark of authority; essential characteristic: possession of value defined by law, and it's function: the legal power to pay debts and taxes and the mechanical power to fascilitate the exchange of other objects possessing value." -- Alexander Delmar

In other words, setting aside whatever is used to signify it - paper, metal, feathers, etc. - "money  is an abstract social power embodied in law, as an unconditional means of payment." *

Which brings us to Stephen Zarlenga's three elements (The American Monetary and Financial Securities Act) that he maintains must be included in order to create a monetary system that works for the benefit of all:

1. Put the Federal Reserve system into the US treasury so it is within our sytem of checks and balances.
2. Get rid of the fractional reserve Stop the banks from creating our money supply...any of it. If they create even 10%, they're smart enough to get all of it. Billions are being stolen under cover of law, for not only doing nothing, but for damaging and destroying society.
3. Government prints and spends new money into circulation to pay for infrastructure repair, either printed on paper or inserted on an account The key is that it's not debt; it's money.  Moreover, human infrastructure must be included:  health care and  education, as you cannot build the hardware without healthy, intelligent people. .

Source:

* Stephen Zarlenga, author of the ‘National Emergency Employment Defense Act of 2010’ (renamed The American Monetary and Financial Securities Act by Rep Dennis Kucinich, which gets rid of a private credit system, and puts into place, a government money system),  founder and director of the American Monetary Institute, and author of The Lost Science of Money

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Mubarak Transfers Loot to Israel? WTF?

The same man who alerted Bob Chapman of The International Forecaster to the Bernie Madoff fiasco, two weeks prior to it hitting the headlines, told Chapman that former President Hosni Mubarak  transferred his $70 million from Egypt  to Europe, where the Americans and Europeans threatened to confiscate it.  Supposedly, Mubarak  then moved his fortune to Bank Leumi in Israel.



Moreover, QE3 is coming. The price of gold will explode. And the dollar will die. Does the Fed know what it's doing? Absolutely. The Fed plans to kill the dollar. What other conclusion can you make? Bernanke should just make the announcement: "Get ready to dump your reserves, world, the dollar is on it's way out!" I'm sorry, I don't think Bernanke is stupid. I don't think any of the banksters are stupid. Far from it. They know exactly what they're doing.

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Are the World's Wealthiest People Pulling Out While We Continue to Drink the Kool-Aid?

The world is chock-full of money, so why does everyone seem to be getting poorer? Well, not everyone.  Speak of the devil, what is going on in the world of the elite?  Because they seem to know something we don't. But what else is new?

First things first. The Federal Reserve plans on stepping up its expansionary monetary policy even further in November, and the rest of the world is responding accordingly, by devaluing its own currency. Quantitative easing is the name of the game. This Fed policy is supposed to keep interest rates as low as possible by purchasing government securities, or other securities from the market, thereby flooding financial institutions with capital in an effort to promote increased lending and liquidity.

Now, keep in mind that the interest rate is essentially the price of money, and although, people like former Fed Chair Alan Greenspan would have you believe he promoted the idea of free markets, he did not. Because, at the same time he's preaching the gospel of laissez-faire capitalism, his heavy hand was busy intervening, controlling the price of money (interest rates).

You will find a good explanation of debt monetization here.

Anyway, Nobel Prize winning economist, Joseph Stiglitz thinks the ultra-loose monetary policies by the Federal Reserve is throwing the world into chaos rather than helping global economic recovery.

"The irony is that the Fed is creating all this liquidity with the hope that it will revive the American economy. It's doing nothing for the American economy, but it's causing chaos over the rest of the world. It's a very strange policy that they are pursuing." -- Joseph Stiglitz

Back to the wealthy.  Why the hurry to move assets out of the financial system? Do they know something we don't?
Well, they know one thing for sure: the Federal Reserve will go as far as it takes to protects their ASSets.

By all appearances, the way the wealthiest people in the world are rushing to gain exclusive access to real gold, as they buy it up by the ton, gold just might become extremely scarce in the future, as if it's not already. 

Even the Federal Reserve is selling its paper gold and buying up real gold.  Everyone knows if the financial system collapses, paper gold is worthless, right?  The price of real physical gold goes up as paper gold trades lower and lower and lower. Like everything else, precious metals will never find their true free trade value. That's the scam plan, anyway. Gold bubbles are created the same way other bubbles are created – by converting a limited item to unlimited, by fiat.

JPMorgan reopened its New York gold vault.

JPMorgan has reopened an underground gold vault in New York that was mothballed in the 1990s, in the latest sign of the soaring appetite for bullion.

Investors are piling money into gold in record quantities, pushing the price on Friday to a record nominal high of more than $1,320 a troy ounce. That has made the vaulting business highly lucrative, since banks often charge a small percentage of the value of the gold stored.

And why are insiders in such a rush to get out? 

Insider Selling To Buying: 2,341 To 1 "...insiders in these names sold a combined $200 million in stock in the last week alone (following Oracle insider sales of $223 million in the prior week). Insiders can. not. wait. to. get. out. fast. enough."

So, as more and more high income Americans are reduced to living paycheck to paycheck and record numbers apply for government anti-poverty programs, those at the top are cashing out.

Thirty percent of workers with salaries of $100,000 or more said they are living paycheck to paycheck, up from 21 percent last year, according to the survey of 4,400 workers nationwide.

Overall, 61 percent said they always or usually live paycheck to paycheck, up from 49 percent in 2008 and 43 percent in 2007.

To cope, Americans have been cutting back on how much they save.

Some 21 percent of all respondents said they have reduced their 401(k) contributions or personal savings in the last six months in order to get by, while 23 percent of the $100,000-and-over group said they had done so.

While some Americans have cut back on what they set aside, others have stopped saving all together.

Links:

Calculate your net worth, if you dare.

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A Weaker Dollar is Good For the US?

Andy Sutton from The Market Oracle says that understanding the gold and oil markets are key to understanding how a falling dollar hurts US citizens.

"Since much of our economy is funded with borrowed money, we count on foreigners to recycle their dollars through our markets and economy in order that we remain solvent. When foreigners stop doing this, the Fed will have no choice but to monetize debt and resort to hyperinflation to keep our borrow-and-spend economy satiated with easy money."

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