ELITE PLANS FOR 2016 – A New DVD From Pastor Lindsey Williams

New DVD From Lindsey Williams
Available for shipment now!*

  • Who will be the next president of the U.S.?
  • Why no financial collapse in 2015?

  • Hear from someone in contact with the Elite.

  • Political Correctness.

  • Five firearms every American should own.

  • Is war inevitable?

Pastor Lindsey Williams

Author of The Energy Non-Crisis


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The New DVD From
Pastor Lindsey Williams
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This is your best DVD Ever! Extremely informative & I appreciate you answering many of our questions in the DVD, for those who have followed you over the years. Your son did a great job in his presentation on firearms.

I have followed you for years & have continued to purchase your DVD’s through Prophecy Club… My wife & I are very grateful to you, for information you have shared with the world.

We have done all the things you have suggested & we are at peace. We are both followers of Jesus Christ, our LORD and Savior!

God Bless You & Your Family,

Michael & DeAnna

Customer Testimonial


I just received LW’s latest DVD on 2016, and it is riveting. As a born again Christian believer, who also believes in the pre-Tribulation rapture, it is very heartening to hear any preacher these days present a good old-fashioned Gospel message and belief in the rapture. I really felt this DVD was more like a “left behind” DVD, as none of us (nor God Himself) can force people to believe; one must accept the Truth by free will.

Thank you for considering,


Customer Testimonial

The New DVD From
Pastor Lindsey Williams
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The Elite have just told Chaplain Williams everything he has wanted to know for months. Answers – Finally. This information will be made available to you. Please be sure that we know how to contact you by email. Watch for future ANNOUNCEMENTS.



Things You Must Do Before September 15th, 2015 – A New DVD From Pastor Lindsey Williams

 Things You Must Do Before September 15th, 2015
To Prepare For September Through December
New DVD From Lindsey Williams
Immediate Shipping Available!

  • Events Scheduled For September Through December.
  • Things The Elite Told Me To Do.
  • Know What You Are Preparing For.
  • Alternate Location.
  • Move Or Suffer.
  • How To Stay Warm Without Electricity.
  • The Date The New World Order Will Be Implemented.

Pastor Lindsey Williams

Author of The Energy Non-Crisis

Things You Must Do Before September, 15th 2015 - Pastor Lindsey Williams

Things You Must Do Before September 15th, 2015
To Prepare For September Through December
The New DVD From
Pastor Lindsey Williams

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The New Elite for 2015 – New DVD From Pastor Lindsey Williams

A New DVD From Lindsey Williams
Available for Immediate Shipment!

  • When is the US banking system going to crash?
  • Bank deposits are no longer money!
  • ISIS vs ISIL.
  • Truth about oil.
  • Deflation not inflation.
  • Annihilation of Israel.
  • Violence in Washington.
  • Interest Rates.
  • The Levant???

This DVD will be your guide to survival in 2015.

Pastor Lindsey Williams

Author of The Energy Non-Crisis

 The New Elite for 2015 - New DVD From Lindsey Williams - DVD Cover

A New DVD From
Pastor Lindsey Williams


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Lindsey Williams Online – DVDs Now Available Online!

Lindsey Williams Online - DVD Bundle 2

Over 20+ Presentations Detailing 40 Years
Exposing The Elites Plan for Humanity and this Planet!
Available Online For The First Time!

Over 46 Hours of Content Now Available to Watch & Listen To Instantly On Your Computer, Laptop, Tablet or Mobile Phone.

Every DVD and Presentation Produced by Pastor Lindsey Williams until the end of 2014 now available to view online, including: Exclusive content only available online at, content available without advertisements in Digital Streaming format and content Digitally Remastered from Original Recordings!

Including 3 Presentations Never Before Available Online!

All the DVDs, Videos & Presentations included in this Special Package… Available for Instant Streaming on your PC, Laptop, Tablet or Smart Phone…

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Special Events Scheduled for 2015, 2015 – Elite Agenda, Global Currency Reset, Elite Emergency Data, Healing the Elite Way, New Signs of the Elite, The Next 4 Years & How to Survive the Next Four Years, Secrets of the Elite, 2012 The Beginning of the End, Middle East: The Rest of the Story, The Elite Speak, Tragedy/Hope/Reality, Confessions of an Elitist, Jonathan May Economic Hitman, Torn from the Land, Are They Worth the Risk Immunizations/Vaccinations, Deadly Diseases and Microbial Mutations, 3 Different Versions of The Energy Non-Crisis Presentation. All Included!

Order NOW Online
Just $97!
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Special Events Scheduled for 2015 – A New DVD From Pastor Lindsey Williams

A New DVD From Lindsey Williams
Available for Immediate Shipment!

Many of you have called The Prophecy Club and e-mailed

You asked for details, dates and specific events scheduled for 2015. 

I contacted my elite friend at your request and to my amazement he gave me what you asked for.

The date in 2015 for the financial collapse…


  • What will happen to the housing market.
  • Warnings about the stock market. 
  • Chaos in the derivative market.
  • Corporate bankruptcy.
  • Divine intervention in 2015.
  • In September or October 2015 – Beware of a new reserve currency.”

Pastor Lindsey Williams

Author of The Energy Non-Crisis

 Lindsey Williams - Special Events Scheduled for 2015 DVD

A New DVD From
Pastor Lindsey Williams


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2015 – Elite Agenda – New DVD From Pastor Lindsey Williams

Lindsey Williams - 2015 - Elite Agenda - New DVD

New DVD From Lindsey Williams
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The Elite have told me what will happen in 2015.

I can keep silent no longer. I must tell you what I know. This DVD will be one of the greatest assets you will have in 2015 as you watch these events transpire. 2015 will be the most unusual year you or I have ever lived through. 

It has been very difficult for me to produce this DVD. I could not decide how to tell you what I have been told in a way that will persuade you to believe it.

In this single DVD, I concluded that it would take several guests and even the heavens to try to describe what will happen in 2015. 

Never before in history have there been such unusual and startling events that will challenge your very soul.

Through the blood moons, God is trying to warn you.

History is trying to tell you through the Cycles of Seven. 

The Elite have zapped you and you are wondering, “what in the world is wrong with me.”

Pastor Lindsey Williams

Author of The Energy Non-Crisis

The New DVD From
Pastor Lindsey Williams

Two hours and 24 minutes of explanation

Lindsey Williams - 2015 - Elite Agenda


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GLOBAL CURRENCY RESET – New DVD From Pastor Lindsey Williams

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New DVD From Lindsey Williams
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The greatest event in the financial world in the past 1,000 years is about to take place. Two hundred and four nations have agreed with the IMF (International Monetary Fund) to reset their currency. Christine Lagarde is the new financial head of the IMF. If she and the Elite have their way, this event will take place within the next ninety days (three months).

The Elite have prepared you for this event with an Electric Smart Meter which has been installed on almost every house in America. Only from my Elite friend will you ever know what has been done to you. Only in my new DVD will you learn these details. No one else will dare to tell you this.

Time is no longer on your side. Its time to take action and protect yourself today. You can order “Global Currency Reset” from Prophecy Club.

Pastor Lindsey Williams

Author of The Energy Non-Crisis

You must know what a
is and take immediate precautions

Two hours of explanation

From Lindsey Williams - Global Currency Reset - New DVD

New DVD From Lindsey Williams

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10 Steps To Avoid The Crash! – An article by James Harkin

10 Steps To Avoid The Crash

Pastor Lindsey Williams has confirmed that there will be be a worldwide economic and financial crash slated for 2015 after the Patient Protection and Affordable Care Act (HR 3590) is fully enacted. The act is not a healthcare bill but works hand in glove with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 (HR 3162) for total control of the USA and ultimately the world in one swift move. The word is control and their ultimate goal is to enslave the entire population of the planet. The plan is so ingenious and simple it’s incredible. This is not a theory, this is the truth and verified by the very highest echelons of the elite. The crash must happen, the economies of the world are already on a knife-edge one piece of bad news and it will come crashing down taking all the banks, investment banks and pension funds with it. Chaos will reign and out of the chaos order will come. It is taking place so the elite can come to the rescue and that will see the initiation of the new world government and the debasement of the US Dollar. The crash that is coming will make 2008 look like a minor financial correction. Imagine all companies, all businesses, all mortgages all owned by the elite. Its a very real threat and you only have a short window in order to protect yourself from it. This is why I have taken Pastor Lindsey Williams steps to avoid the crash as he shared in his new DVD “Elite Emergency Data” and expanded them into an extensive article to hopefully explain what is happening, why and how you can protect your family from it, even prosper from it…

I have outlined the 10 Steps To Avoid The Crash in several sections to make it easier to digest, please read it all and follow the steps as best you can:

Once you have carried out these 10 steps you will be better able to survive, even thrive through the coming collapse. Of course a lot of people’s situations do not permit them to carry out all the steps, just do as much as you can. Being prepared for the worst is the best protection. Please share the articles with as many people as you can, because everyone needs to know what has been planned for them by the elite.

Please do not take the article lightly and do not take it at face value. Please do your own research and if you have a differing opinion, please share it.

I have also created the entire 10 Steps To Avoid The Crash article into a 100 page illustrated PDF E-Book. Please download and share it freely. Download the e-book here.

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ELITE EMERGENCY DATA – New DVD From Pastor Lindsey Williams

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New DVD From Lindsey Williams
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I promised you, that when my elite friend told me the time for the crash to take place, that I would tell you!

My Elite friend has told me when the collapse of the banks and the crash of the dollar will take place.

There are TWO other collapse which you must know about that will affect you and your family more than the collapse of the dollar.

A few weeks from now I may or I may not appear on radio shows with this information.

It is imperative for you to get this information now before its too late. You can order “Elite Emergency Data” from Prophecy Club.

Pastor Lindsey Williams

Author of The Energy Non-Crisis

From Lindsey Williams - The DVD Is Ready

New DVD From Lindsey Williams

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The Truth About the Health Care Bills

AFTER you have viewed the new DVD “Elite Emergency Data” Please read the report by Attorney Connelly and you will understand why the Health Care Bill is related to the Total Financial Collapse – Chaplain Lindsey Williams

Say No To The Healthcare Bill

The Truth About the Health Care Bills – Michael Connelly, Ret. Constitutional Attorney

Well, I have done it! I have read the entire text of proposed House Bill 3200: The Affordable Health Care Choices Act of 2009. I studied it with particular emphasis from my area of expertise, constitutional law. I was frankly concerned that parts of the proposed law that were being discussed might be unconstitutional. What I found was far worse than what I had heard or expected.

To begin with, much of what has been said about the law and its implications is in fact true, despite what the Democrats and the media are saying. The law does provide for rationing of health care, particularly where senior citizens and other classes of citizens are involved, free health care for illegal immigrants, free abortion services, and probably forced participation in abortions by members of the medical profession.

The Bill will also eventually force private insurance companies out of business, and put everyone into a government run system. All decisions about personal health care will ultimately be made by federal bureaucrats, and most of them will not be health care professionals. Hospital admissions, payments to physicians, and allocations of necessary medical devices will be strictly controlled by the government.

However, as scary as all of that is, it just scratches the surface. In fact, I have concluded that this legislation really has no intention of providing affordable health care choices. Instead it is a convenient cover for the most massive transfer of power to the Executive Branch of government that has ever occurred, or even been contemplated. If this law or a similar one is adopted, major portions of the Constitution of the United States will effectively have been destroyed.

The first thing to go will be the masterfully crafted balance of power between the Executive, Legislative, and Judicial branches of the U.S. Government. The Congress will be transferring to the Obama Administration authority in a number of different areas over the lives of the American people, and the businesses they own.

The irony is that the Congress doesn’t have any authority to legislate in most of those areas to begin with! I defy anyone to read the text of the U.S. Constitution and find any authority granted to the members of Congress to regulate health care.

This legislation also provides for access, by the appointees of the Obama administration, in direct violation of the specific provisions of the 4th Amendment to the Constitution, of all of your personal healthcare information, your personal financial information, and the information of your employer, physician, and hospital. All of this is a protecting against unreasonable searches and seizures. You can also forget about the right to privacy. That will have been legislated into oblivion regardless of what the 3rd and 4th Amendments may provide.

If you decide not to have healthcare insurance, or if you have private insurance that is not deemed acceptable to the Health Choices Administrator appointed by Obama, there will be a tax imposed on you. It is called a tax instead of a fine because of the intent to avoid application of the due process clause of the 5th Amendment. However , that doesn’t work because since there is nothing in the law that allows you to contest or appeal the imposition of the tax, it is definitely depriving someone of property without the due process of law.

So, there are three of those pesky amendments that the far left hate so much, out the original ten in the Bill of Rights, that are effectively nullified by this law. It doesn’t stop there though.

The 9th Amendment that provides: The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people;

The 10th Amendment states: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are preserved to the States respectively, or to the people. Under the provisions of this piece of Congressional handiwork neither the people nor the states are going to have any rights or powers at all in many areas that once were theirs to control.

I could write many more pages about this legislation, but I think you get the idea.

This is not about health care; it is about seizing power and limiting rights. Article 6 of the Constitution requires the members of both houses of Congress to “be bound by oath or affirmation to support the Constitution.” If I was a member of Congress I would not be able to vote for this legislation or anything like it, without feeling I was violating that sacred oath or affirmation. If I voted for it anyway, I would hope the American people would hold me accountable.

For those who might doubt the nature of this threat, I suggest they consult the source, the US Constitution, and Bill of Rights. There you can see exactly what we are about to have taken from us.

Michael Connelly (First published in June 2012)
Retired attorney,
Constitutional Law Instructor
Carrollton, Texas



If you have not yet obtained a copy of Pastor Lindsey Williams’ new DVD “Elite Emergency Data” you can obtain one from Prophecy Club.

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HEALING THE ELITE WAY – New DVD From Lindsey Williams

Healing The Elite Way - New DVD From Lindsey Williams

New DVD From Lindsey Williams

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“The Most Important DVD I Have Ever Made!
It Saved My Life!
This DVD May Save Your Life!”
Pastor Lindsey Williams

Think About It –

No President of the United States has ever died from Cancer.

– Why? What do they know that you don’t know?

President Ronald Reagan was diagnosed with Colon Cancer while he was President. He imported a substance that was illegal to be used in the United States at that time. He never had a reoccurrence.

There is no reason to suffer from –

  • Cancer
  • Heart Disease
  • Diabetes
  • Chronic Fatigue Syndrome
  • Multiple Sclerosis
  • Hepatitis C
  • Hormonal Imbalance
  • Vascular Disease
  • Immunological Imbalance

“The Elite know how to be healed – I have been told some of their secrets. Thus, this DVD, Healing the Elite Way.” – Lindsey Williams 

Lindsey Williams

Author of The Energy Non-Crisis

New DVD From Lindsey Williams

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Introduction to Lindsey Williams

Lindsey Williams, an ordained Baptist minister went to Alaska in 1970 as a missionary. While in Alaska, Pastor Williams found out about the Trans-Alaska oil pipeline, which began construction on 29th April 1974. Because of Pastor Williams’ love for the USA and concern for the spiritual welfare of the over 25,000 workers on the pipeline, he volunteered to serve as Chaplain on the pipeline, with the full support of the Alyeska Pipeline Company.


Lindsey Williams Official


Pastor Williams was given the northern 7 out of the 28 construction camps including the oil field at Prudhoe Bay to hold worship services at the 7 camps once a day. After six months a PR employee at Alyeska Pipeline Company told Pastor Lindsey Williams that he was an invaluable asset to the company. He said that Lindsey was saving the oil pipeline company thousands of dollars of counselling fees and had voted successfully to give Pastor Williams executive status if he wished to accept it. Executive status meant that Lindsey Williams could go anywhere he liked and see anything he wanted regarding the pipeline operation. They gave him a vehicle and an executive pass and he was also invited to sit in on board meetings in an advisory capacity in order to help the relationship between management and labour.

For three years Pastor Lindsey Williams had the opportunity to sit, live and rub shoulders with the most powerful, controlling and manipulative men on the face of this planet.

The site I have created will document what happened to Pastor Lindsey Williams during his time as chaplain to the Alyeska Pipeline Company and what has happened subsequently regarding the elite’s plan for control of the world and its resources.

Invitation by Pastor Lindsey Williams…

Lindsey Williams gives the most important message you will ever hear…

The Bible says there is only one way to Heaven:

Jesus said: “I am the way, the truth, and the life: no man cometh unto the Father but by me.” (John 14:6)

Good works cannot save you.

“For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast.” (Ephesians 2:8-9)

Trust Jesus Christ today! Here’s what you must do:

Admit you are a sinner.

“For all have sinned, and come short of the glory of God;” (Romans 3:23)

“Wherefore, as by one man sin entered into the world, and death by sin; and so death passed upon all men, for that all have sinned:” (Romans 5:12)

“If we say that we have not sinned, we make him a liar, and his word is not in us.” (1 John 1:10)

Be willing to turn from sin (repent).

Jesus said: “I tell you, Nay: but, except ye repent, ye shall all likewise perish.” (Luke 13:5)

Believe that Jesus Christ died for you, was buried, and rose from the dead.

“For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” (John 3:16)

“But God commendeth his love toward us, in that, while we were yet sinners. Christ died for us.” (Romans 5:8)

“That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.” (Romans 10:9)

Through prayer, invite Jesus into your life to become your personal Saviour.

“For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:10)

“For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13)

What to pray:

Dear God, I am a sinner and need forgiveness. I believe that Jesus Christ shed His precious blood and died for my sin. I am willing to turn from sin. I now invite Christ to come into my heart and life as my personal Saviour.

Lindsey Williams At IBC Hospital & Health Center in Tijuana, Mexico

Pastor Lindsey Williams will be at the IBC Hospital & Health Center in Tijuana, Mexico under the care of Rodrigo Rodriguez MD, Medical Director as a part of his “Tune Up” from 3rd March 2013.

Pastor Lindsey Williams & Rodrigo Rodriguez, MD at IBC Hospital & Health Center, Tijuana, Mexico

Pastor Lindsey Williams & Rodrigo Rodriguez, MD at IBC Hospital & Health Center, Tijuana, Mexico

From March 11, 2013 through March 15, 2013 Pastor Williams will be holding a number of radio shows with Dr. Rodriguez to discuss that doctors all over America are closing their offices and leaving the medical profession because of the new healthcare system beginning January 1, 2013. Pastor Williams and Dr. Rodriguez will be discussing this and more information relating to the elite and their plan for humanity and this planet including where the elite go for their healthcare needs including treatments available at International Bio Care Hospital & Medical Center in Tijuana, Mexico.

IBC Hospital Treatment Philosophy

IBC Hospital Treatment Philosophy Please Click Image For Brochure

 For further information relating to IBC Hospital & Health Center please call: 1-800-701-7345

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 For Photos of IBC Hospital & Health Center 

Latest News Articles – February 11, 2016

From James Harkin (Webmaster & Editor of Here is a summary of articles of interest from around the world for this week. A lot of news about the current global collapse. We are still looking at derivatives and that could come from China as predicted. Keep an eye on the news daily. For the past month I have been putting up many stories every day at the Lindsey Williams Online Facebook Page that are important to understand what is happening and how you can protect yourself.

We have now seen gold jump to close to $1,250. It broke $1,200 yesterday and jumped an additional $50 today. For those who didn’t prepare when you were warned, unfortunately the life rafts are running out. Gold supplies are running low. Lead times are well over 30 days and now will be considerably more because demand for physical metal is up.

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Lindsey Williams - Latest News Articles

Latest News From February 5, 2016 to February 11, 2016:

  • Gold demand bounces back as fear grips markets
    Fears that the world is on the brink of another financial crisis pushed gold prices above $1,200 on Thursday as nervous investors snapped up the precious metal. Gold prices jumped to their highest in a year, gaining as much as 3.6pc to $1,234.64 an ounce. It came as the World Gold Council said jitters about the global economy sparked a gold buying spree among nervous investors at the start of the year.
  • FTSE 100 hits lowest level since 2012 amid worsening fears of recession
    The FTSE 100 has hit its lowest point in three and a half years, down 130 points on opening. European stocks are all the slide again after a difficult day’s trading in Asia, which saw Hong Kong rapidly catch up with the global sell-off after the Lunar New Year holiday. The FTSE 100 was down 2.3 per cent, the German DAX was down 3 per cent and France’s CAC 40 was down 3.4 per cent.
  • “Fasten Your Seatbelts”: Kyle Bass Previews The Collapse Of China’s $34 Trillion Banking Sector
    Earlier this month, Kyle Bass asked a funny question in a discussion with CNBC’s David Faber. To wit: “If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion –  it’s so small it should be irrelevant and yet somehow it’s really relevant.”
  • Gold Will Smell Blood of Negative Rates-Peter Schiff
    Money manager Peter Schiff says forget about the Fed raising interest rates. The next move is down.  Schiff explains, “I think there is a pretty good chance we’re going to get 0% interest rates before the end of the year, and I think we’re going to get QE4.  We will see if the Fed is going to go negative, but they are going to do it eventually.”
  • “It May Take Less Than 48 Hours to Take it ALL Down” – Bill Holter
    Whether you want to see it or not, the financial system is in a forced unwinding. It took some 70 years to build this great credit edifice. When it goes it may take less than 48 hours to take it ALL down.
  • ALERT: Derivatives Nightmare Has Shares In Hong Kong Plunging And Gold Surging To $1,250
    With gold moving well above $1,250, many market participants are trying to understand:  Why gold is surging and why there is so much turmoil in overseas trading in Asia?
  • This Is How Frightening The Global Collapse Has Now Become
    On the heels of the Nikkei plunging a jaw-dropping 11 percent in just 3 days, and the world banking system entering another round of panic, this is how frightening the global collapse has now become.
  • No easy way out for Deutsche Bank as investors ‘lose faith’
    Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Germany’s flagship lender has trailed its rivals in bouncing back from the 2008 financial crisis, hamstrung by having to pay out billions of dollars in fines to end a string of legal disputes and ageing technical infrastructure.
  • Legendary Investor Jim Rogers Warns: “Most People Are Going To Suffer The Next Time Around”
    Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.
  • Netflix, Inc., Yahoo! Inc., LinkedIn Corp, Twitter Inc: Dot-Com Bubble 2.0 Is Bursting
    Do you remember how much stocks went down when the first dot-com bubble burst?  Well, it is happening again, and tech stocks are already down more than half a trillion dollars since the middle of 2015. On Friday, the tech-heavy Nasdaq dropped to its lowest level in more than 15 months, and it has now fallen more than 16 percent from the peak of the market.  But of course some of the biggest names have fallen much more than that.
  • 2007 All Over Again, Part 3: Banks Starting To Implode
    So far, each financial crisis in the series that began with the junk bond bubble of 1989 has been noticeably different from its predecessors. New instruments, new malefactors, new monetary policy experiments in response. But the one that’s now emerging feels strikingly similar to what just happened a few years ago: Banks overexposed to assets they thought were safe but turn out to be highly risky see their balance sheets deteriorate, their liquidity dry up and their stocks plunge.
  • Janet Yellen Sounds a More Cautious Note on the U.S. Economy
    The Republicans described the Federal Reserve as ineffective, secretive and out of touch with the economic realities of ordinary Americans. The Democrats showered it with praise, using words like “herculean.” And those were just the opening statements on Wednesday, as the Fed’s chairwoman, Janet L. Yellen, began two days of testimony on Capitol Hill. Ms. Yellen functions as the nation’s economic weather forecaster and, on Wednesday, she sounded more worried than at her last public appearance, in December.
  • Gold price surges above $1,200 after latest markets rout
    The gold price continues on its strong incremental advance, setting lower lows on a path to higher highs that overnight saw it decisively breach a key resistance level at $1,200. On Wednesday, gold’s spot price dipped back slightly in both the European and New York trading sessions, the Wall Street Journal notes, amid a brief relief rally in Europe and some profit-taking from the ongoing “safe haven” shift. But as the equities rout recommenced in Asia overnight, it resumed its upward trend.
  • UPDATE: IBEX 35, Spain’s Leading Stock Index, Closes Below 8,000 For First Time Since July 2013
    Spain’s leading stock index, the IBEX 35, gave up what remained of the gains posted during the last 933 days on Tuesday, closing below 8,000 points for the first time since July 22, 2013, at 7,927.60, a fall of 194.5 points or 2.39% compared to yesterday. The indicator dropped as low as 7,862 points during the session. The index has lost 32.36% since reaching a post-2012 high of 11866.40 on April 13 last year, 23% since November 30 last year, just prior to the start of the general election campaign, and 17% since the first trading session of the year on January 4.
  • Yield on 10-year Japan government bond falls below zero for first time
    Yields on Japan’s benchmark 10-year government bond fell below zero for the first time, as investors clamored for safe-haven assets in the wake of a global market rout. The yield on the 10-year Japan government bond (JGB) dropped as low as negative 0.007 percent. The fall came on the heels of a global stock market sell-off overnight that likely spurred safe haven flows back into Japan. Bond prices move inversely to yields.
  • DOW 6,000 Extreme Sell-Off Coming-Gregory Mannarino
    Trader/analyst Gregory Mannarino called the top of the DOW in May 2015. The market was well over 18,000 then and currently more than 2,000 points lower.  Mannarino now says the Dow is going to “6,000–or lower.” Mannarino warns, “People need to be ready for a major, extreme sell-off in equities which are inflated in a bubble.”
  • Obama proposes $10 a barrel oil tax
    President Obama has released the final budget proposal of his presidency, a $4.1tn (£2.8tn) programme that includes a $10.25 per barrel tax on oil. The Republican-controlled Congress is expected to reject it. The leaders of the House and Senate budget committees jointly announced they would not invite Mr Obama’s budget director to testify before them. Despite the setbacks, the White House has said the budget sticks to a bipartisan agenda reached last autumn.
  • UK goods trade gap biggest on record
    The UK’s goods trade gap with the rest of the world widened by £1.9bn to a record high of £125bn in 2015, official figures show. The Office for National Statistics also warned the latest figures would have a negative impact on its second estimate of fourth-quarter economic growth. But 2015 also saw a record surplus in the UK’s dominant services sector of £90bn. That meant the UK’s total trade gap widened by just £300m last year.
  • Brent Oil Falls Most in 5 Months on Glut as Volatility Surges
    Crude tumbled the most in five months in London as price volatility climbed to a seven-year high and Goldman Sachs Group Inc. warned of wider swings to come. Brent futures fell 7.8 percent as global equities neared a bear market. Volatility is set to “spike” as prices seek an equilibrium, which could drag oil below $20 a barrel, Goldman Sachs said. The CBOE Crude Oil Volatility Index, which measures expectations of price swings, rose as high as 73.52, almost the highest since 2009. The world oil surplus will be bigger in the first half of this year than previously estimated, according to the International Energy Agency.
  • Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016
    Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year. The dollar versus a basket of euro and yen; yields on Italian bonds versus their German counterparts; U.S. inflation expectations: Goldman Sachs Group Inc. was wrong on all that and more.
  • S&P Downgrades Junk-Level Ratings on 25 Oil-and-Gas Producers
    Standard & Poor’s Ratings Services downgraded the junk-territory ratings on 25 oil-and-gas companies on expectations that credit quality will deteriorate owing to low commodities prices and reduced production. The credit-ratings firm, which also affirmed the ratings of an additional 20 speculative-grade exploration-and-production companies, said the ratings actions followed a revision of S&P’s price assumptions for crude and natural-gas.
  • Gold futures stretch streak of gains to a 5th-straight session
    Gold futures staged a late-session turnaround on Tuesday, as a move lower for oil prices and sharp losses in U.S. equities gave the metal enough momentum to stretch its streak of gains to a fifth-straight session. April gold GCJ6, -0.27%  rose 70 cents, or less than 0.1%, to settle at $1,198.60 an ounce, tallying a total gain of more than 6% in five sessions. The settlement price was the highest for a most-active contract since June 19, 2015, FactSet data show.
  • Opinion: Will oil be so cheap that it won’t pay to pump it out of the ground?
    The conventional wisdom regarding the recent plunge in the price of oil CLH6 is that we are seeing a repeat of the 1985-1986 collapse, when Saudi Arabia ramped up production as part of a dispute with other members of the Organization of Petroleum Exporting Countries cartel. This time, the thinking goes, Saudi Arabia is doing the same in response to its loss of market share to shale-oil production in the United States.
  • Deutsche Bank Is Scared: “What Needs To Be Done” In Its Own Words
    It all started in mid/late 2014, when the first whispers of a Fed rate hike emerged, which in turn led to relentless increase in the value of the US dollar and the plunge in the price of oil and all commodities, unleashing the worst commodity bear market in history. The immediate implication of these two concurrent events was missed by most, although we wrote about it and previewed the implications in November of that year in “How The Petrodollar Quietly Died, And Nobody Noticed.”
  • The Coal Decline Is Now Irreversible
    There was a lot of talk last year about coal resources needing to be left in the ground if the world was to reach its 2-degree-celsius reduction environmental targets. The suggestion was that legislation was required to force power generators to switch to less polluting energy sources and, while in the meantime tougher emissions standards have played their part, the market has been much more active than government in encouraging change.
  • India surpasses China to become fastest growing economy in the world
    India’s economy grew faster than China in 2015, official Gross Domestic Product (GDP) data released by both countries has revealed. The Indian government reported that the country grew at an average of 7.5% in 2015, which is more than the 6.9% GDP that Beijing reported during the same period, making India the world’s fastest growing major economy.
  • Privatization Is the Atlanticist Strategy to Attack Russia — Paul Craig Roberts and Michael Hudson
    Two years ago, Russian officials discussed plans to privatize a group of national enterprises headed by the oil producer Rosneft, the VTB Bank, Aeroflot, and Russian Railways. The stated objective was to streamline management of these companies, and also to induce oligarchs to begin bringing their two decades of capital flight back to invest in the Russia economy. Foreign participation was sought in cases where Western technology transfer and management techniques would be likely to help the economy.
  • NYSE joining Nasdaq in eliminating stop orders
    A type of order traders use to protect against losses is being phased out, as stock exchanges seek to deal with the ramifications of huge intraday swings. The New York Stock Exchange, in a statement, said it would no longer accept what are called stop orders, beginning Feb. 26, joining the Nasdaq NDAQ in barring them. Another order type called good-till-canceled also is being axed.
  • Going Negative: Analysts See Increasing Likelihood of Sub-Zero US Interest Rates
    Mainstream analysts have started seriously talking about the possibility of negative US interest rates in the near future. On the heels of the Bank of Japan dropping a key interest rate to negative 0.1% late last month and indicating it is willing to go deeper into negative territory, Bloomberg reports that American analysts see an increasing likelihood that the Federal Reserve is willing to follow suit.
  • Markets: Flight To Safety As Nikkei Falls 5.4%
    The global stock market rout has intensified, with Japan’s Nikkei losing 5.4% of its value in a horror show of a trading day that saw a rush for safe havens such as gold and the yen. The sell-off followed Monday’s lead on the European and US stock markets when they endured further losses on top of those already witnessed since the start of the year with jitters about the global economy taking a strangle hold on investments.
  • JPMorgan forecasts ECB to cut deposit rate as low as -0.7 percent this year
    U.S. bank JPMorgan on Tuesday forecast the European Central Bank to aggressively ease monetary policy again by cutting its already negative deposit rate by another 40 basis points to minus 0.7 percent this year. The bank said it also expects the ECB to extend its quantitative easing, or bond-buying programme, through the end of 2017. It said it expected the easing to start next month with a deposit rate cut to -0.5 percent from the current -0.3 percent – followed by a second package perhaps as early as June which will see another 20 basis points lopped off and an extension of QE.
  • Setting The Record Straight On The Massive Gold Supply Conspiracy
    As market turmoil continues to push gold and silver prices higher, precious metal investors need to understand the fundamentals more than ever.  Unfortunately, there continues to be a lot of misinformation reported by sources in the precious metal community.  This is harmful as it confuses would be precious metal investors.
  • Jaw-Dropping Indicator Last Seen During Great Depression Just Hit An All-Time High!
    On the heels of the Dow plunging nearly 400 points at one point during today’s trading session, and with gold surging and oil falling, today a jaw-dropping indicator that was last seen during the Great Depression just hit an all-time high!
  • Japanese banks plunge on European financial stocks rout
    Japanese and Australian banks picked up the baton from their European peers, pulling the two bourses — the only two major Asian markets trading on Tuesday morning — sharply lower. Nomura led Japan’s meltdown, dropping 8 per cent within 20 minutes of the market opening. Big commercial banks Sumitomo Mitsui and Mitsubishi UFJ Financial were off 7 and 6.7 per cent respectively. Australian banks also fell sharply.
  • British steel sector ‘at risk of impending collapse’
    Business Secretary joins in Europe-wide plea to EC for anti-dumping action. The steel industry in Britain and Europe faces a “significant and impending risk of collapse”, business ministers have warned in a letter to European Commissioners demanding action to save steel makers.
  • Citi: World economy trapped in ‘death spiral’
    The global economy is trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi (C) strategists have warned. Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S. “The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report on Thursday.
  • Global Growth Fears Hit Bank Stocks
    Investors are dumping bank stocks amid worries that a protracted period of slowing global growth, plunging oil prices and rock-bottom interest rates will combine to inflict pain on the world’s largest financial institutions.
  • Confusion and turmoil helps gold to shine
    Concerns over the global economy have added an extra shine to safe-haven assets such as gold, according to the chief executive of a top mining firm, who told CNBC that “solid” demand and future economic stress could lead to more price gains for the commodity.
  • Exclusive: Iran wants euro payment for new and outstanding oil sales – source
    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month’s sanctions relief. A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia’s Lukoil.
  • George Osborne may have just triggered a Financial Crisis ‘greater than 2007’
    A recent report issued to the Bank of England has revealed that the actions of George Osborne may be about to trigger a financial crisis greater than 2007, and once again, it will start in the housing market.
  • EU on brink of ‘terrifying crisis’ Five of Europe’s big banks are in danger, warns expert
    SOME of Europe’s biggest banks are on the brink for a crisis that echoes the 2008 meltdown, a finance expert warned, as fears over the global economy escalate. Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal.
  • Everybody Hopping on Gold Bandwagon, but Signs There All Along 
    The mainstream world of economics and investment has the attention span of a 12-year-old hopped up on sugar. A couple of months ago, it was all doom and gloom for gold. The Fed was talking interest rate hikes, government spokespersons were claiming victory over the recession, and mainstream analysts were hastily pounding nails in gold’s coffin. Cancel the wake, because today everybody has turned bullish on gold with the price up more than 9% since New Year’s Day.
  • Russia is now China’s biggest oil partner — and it’s a huge problem for Saudi Arabia
    Saudi Arabia has long trumped Russia in the Chinese oil market. The Saudi share of Chinese crude imports at the beginning of the decade was about 20%, while Russia’s was below 7%, according to data cited by RBC Capital Markets. But now the Russians are creeping in — and the Saudis are getting nervous.
  • U.S. rig count drops 8 percent
    The total number of rigs actively exploring for or producing oil and gas in the United States dropped more than 8 percent, Baker Hughes reports.
  • Fascinating graphics show who owns all the major brands in the world
    All the biggest product brands in the world are owned by a handful of corporation. Food, cleaning products, banks, airlines, cars, media companies… everything is in the hands of these megacorporations. These graphics show how everything is connected.
  • Who Owns The Big TV Networks
  • How 37 Banks Became 4 In Just 2 Decades, All In One Astonishing Chart.
  • Strange Occurrence Off The Coast Of Texas Raises Concerns
    Something bizarre is happening off the coast of Galveston, Texas. Were you to look toward the sea in the Texas port town, you’d be subject to a oceanic traffic jam of epic proportions. Ships carrying oil have gathered along the coast in the Gulf of Mexico in such great quantities that ships approaching the port have been asked to move toward the town slowly in an attempt to ease the burden.
  • Is This How The Smart Money Is Betting On A Market Crash?
    Instead of allocating capital to expensive tail risk bets on direct asset class collapse (in equities, credit, and commodities), it appears, just as we detailed previously, the ‘smartest money in the room’ is “betting” indirectly on a stock market crash through eurodollar options. As we previously detailed, the costs of tail risk protection in credit and equity markets are soaring (and perhaps the crash in global financial stocks and spike in systemic credit risk supports that concerning possibility).
  • Chorus Of Financial Experts Warn Of Imminent Crisis
    A growing list of financial gurus and industry experts are warning that 2016 could see a devastating collapse in global financial markets, pushing America into an economic downturn potentially worse than the 2008 recession.
  • Tehran wants to dump dollar in crude trade – report
    ran wants post-sanctions’ oil contracts denominated in dollars and have buyers pay in euros, Reuters reported. Tehran is also keen to receive money owed to it since the pre-sanctions days in the European currency.
  • TPP Deal Just Signed: Paves Way for Authoritarian Technocracy
    Beware TPP. It’s nothing more than the further formalization of the worst part of the 20th century: The warfare/welfare state. It’s just been signed in New Zealand by the 12 negotiating parties and now US President Barack Obama is pressuring Congress to get it passed quickly. Obama wants it passed so that the US will be able to “write the rules of the road in the 21st century,” enabling it to shape global trade to its own advantage.
  • 22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning
    As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse.  Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding.
  • US trade deficit widens as exports fall
    The U.S. trade deficit widened in December as a strong dollar and weak global demand continued to weigh on exports. The Commerce Department said on Friday the trade gap rose 2.7 percent to $43.4 billion. November’s trade deficit was revised down to $42.2 billion from the previously reported $42.4 billion.
  • Dollar tumbles as Fed rescues China in the nick of time 
    The central banks of Europe and Japan discover that it is impossible to stave off deflation by debasing their currencies when everybody is playing the same game. The US dollar has suffered one of the sharpest drops in 20 years as the Federal Reserve signals a retreat from monetary tightening, igniting a powerful rally for commodities and easing a ferocious squeeze on dollar debtors in China and emerging markets.
  • Congress wants to turn the US Postal Service… into a bank
    It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged. But incredibly enough it’s actually true: earlier this week, Congress proposed a new law authorizing the US Postal Service to provide banking and financial services. It’s called the “Providing Opportunities for Savings, Transactions, and Lending” Act, abbreviated as… wait for it… the POSTAL Act.
  • Why it would be wise to prepare for the next recession
    What might central banks do if the next recession hit while interest rates were still far below pre-2008 levels? As a paper from the London-based Resolution Foundation argues, this is highly likely. Central banks need to be prepared for this eventuality. The most important part of such preparation is to convince the public that they know what to do.
  • Mass Layoffs To Return With A Vengeance
    Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’. Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.
  • New financial MELTDOWN set to sink EU as German banks lose £14,292,610,000.00 in 90 DAYS
    EUROPE’S biggest economy was plunged into fresh chaos tonight amid warnings a new financial crisis in Germany could destroy the EU. Shares in Germany’s two biggest lenders – Deutsche Bank and Commerzbank – fell sharply again as panic gripped global markets. They have now seen their combined market value plummet by more than £14BILLION in the past three months. Deutsche Bank shares fell by nearly four per cent to close at an all-time low amid turmoil not seen since the depths of the financial crisis in 2009. Meanwhile shares in Commerzbank, Germany’s second biggest lender, fell even further, by 4.65 per cent, to close at their lowest level in nearly two-and-a-half years.

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Latest News Articles – February 4, 2016

From James Harkin (Webmaster & Editor of Here is a summary of articles of interest from around the world for this week. One point I’d like to mention is that gold has started to rally. I will be doing a special article on gold next week that will share some insight into what is happening and what you could see if this trend continues. Please continue to send me news articles and I will include them in the summary each week. Also, the latest articles and news are added daily at the Lindsey Williams Online Facebook Page. Please ‘LIKE’ the page and share it with others. I have included a widget on the right hand side of this page also. I am also creating a Lindsey Williams Online YouTube page that will include regular videos and content.

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Lindsey Williams - Latest News Articles

Latest News From January 29, 2016 to February 4, 2016:

  • Gold sets new three-month high as investors shun risky assets
    Gold hit three-month highs on Wednesday as the dollar slid versus the euro and European shares fell sharply, prompting investors to seek shelter in assets perceived as safer. Data showing the U.S. economy’s services sector expanded in January at a slower pace than expected overshadowed stronger-than-expected U.S. ADP private payrolls data, helping knock the dollar to a 14-week low against the euro. Spot gold was up 0.9 percent at $1,138.46 at 1618 GMT, having earlier touched its strongest since Nov. 2 at $1,139.90.
  • Dollar Posts Biggest 2-Day Drop Since March as 2016 Rally Erased
    The dollar posted its biggest two-day drop since March, extending a decline that wiped out its rally at the start of the year. The greenback fell against all of its 16 major peers except the pound, which was weighed down by the Bank of England ’s unanimous vote to keep interest rates unchanged. Signs of a slowing U.S economy have hurt the dollar by derailing wagers on diverging policies between central banks. Currency traders are catching up to the bond market, where 10-year yields sank to the lowest in a year on Wednesday and futures sent the strongest signal yet that traders expect the Federal Reserve to stand pat on rates in 2016.
  • Job cuts surged 218% in January
    Layoff announcements surged 218% from December to January, led by the retail and energy sectors. The latest monthly report from the staffing firm Challenger, Gray and Christmas on planned job showed that US employers in January reported 75,114 planned job cuts, up 42% year-on-year. Retailers moved the needle on this data point the most, particularly Walmart, which announced plans to close 269 stores across America.
  • US productivity falls sharply in fourth quarter
    U.S. nonfarm productivity fell in the fourth quarter at its fastest pace in more than a year, leading to a jump in labor-related production costs. The Labor Department said on Thursday that productivity, which measures hourly output per worker, declined at a 3.0 percent annual rate, the biggest drop since the first quarter of 2014. Productivity rose by a downwardly revised 2.1 percent rate in the third quarter. Economists polled by Reuters had forecast productivity falling at only a 1.8 percent rate last quarter after expanding at a previously reported 2.2 percent pace in the third quarter.
  • Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note
    It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.” You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money. We’ve documented the cash ban calls on a number of occasions including, most recently, those that emanated from DNB, Norway’s largest bank where executive Trond Bentestuen said that although “there is approximately 50 billion kroner in circulation, the Norges Bank can only account for 40 percent of its use.”
  • Hyper Inflation Is Here
    Last week I wrote an article for King World News which showed that hyperinflation is on its way in many emerging markets. Soon it will also reach the US, Europe, Japan, China and many other countries. Hyperinflation has nothing to do with demand but is the effect of economic mismanagement leading to money printing and currency collapse. This trend started over 100 years ago with the creation of the Fed. Since then all major currencies have declined 97-99% in real terms. The best way to measure inflation over time is in gold. For 5,000 years, gold is the only currency that has survived. All other currencies have been printed to death. The trend of currency debasement is now accelerating in the periphery. For example, in Russian Rubles and Brazilian Real gold is up 1,300% in 16 years and in Argentine Pesos gold is up 6,000% since 1999. Also, gold now buys more oil than it has ever done in history.
  • Comex: Paper Gold “Dilution” Hits A Record 542 For Every Ounce Of Physical
    There had been an eerie silence at the COMEX in recent weeks, where after registered gold tumbled to a record 120K ounces in early December nothing much had changed, an in fact the total amount of physical deliverable aka “registered” gold, had stayed practically unchanged at 275K ounces all throughout January. Until today, when in the latest update from the COMEX vault, we learn that a whopping 201,345 ounces of Registered gold had been de-warranted at the owner’s request, and shifted into the Eligible category, reducing the total mount of COMEX Registered gold by 73%, from 275K to just 74K overnight.
  • Another Nail In The US Empire Coffin: Collapse Of Shale Gas Production Has Begun
    The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t pay attention to what is taking place in the U.S. Energy Industry. Without energy, the U.S. economy would grind to a halt. All the trillions of Dollars in financial assets mean nothing without oil, natural gas or coal. Energy drives the economy and finance steers it. As I stated several times before, the financial industry is driving us over the cliff. The Great U.S. Shale Gas Boom Is Likely Over For Good.
  • Here’s Which Stocks Sovereign Wealth Funds Will Be Selling In 2016
    Back in August we explained why the headline figures for EM FX reserves paint an incomplete picture with regard to the UST liquidation among commodity producers and emerging market reserve managers. As Credit Suisse wrote last year, “for oil exporting nations, central bank official reserves likely underestimate the full scale of the reversal of oil exporters’ ‘petrodollar’ accumulation because a substantial part of their oil proceeds has previously been placed in sovereign wealth funds (SWFs), which are not reported as FX reserves (with the notable exception of Russia.” In other words, official data on FX reserves don’t tell the whole story. Not by a long shot. In fact, “oil exporting countries hold about $1.7trn of official reserves but as much as $4.3trn in SWF assets.”
  • The Unleashing Of QQE And Global Economic Meltdown
    The Keynesian elite gathered in Davos Switzerland this past week to pontificate on global economic issues and to strategize the engineering of The Fourth Industrial Revolution. This new so called “revolution” includes a discussion on the future of Artificial Intelligence. Judging by the comments coming from most of the list of attendees, it seems obvious the intelligence on display was indeed faux. But the most important takeaway from this venue was that central bankers have made it clear to the markets that the level and duration of quantitative counterfeiting know no bounds…
  • It Has Begun!
    Since August 18th, we have stated that the markets had shifted, major indexes would begin to decline, and a NEW gold bull market was imminent! And now, one of the best-leading indicators is pointing to a roaring bull market for gold. The two most heavily traded gold stocks, Barrick Gold and Newmont Mining, are having one hell of a move since last summer. The Bull Market has Already Begun!
  • ALERT: Nomi Prins Issues Dire Warning – We May Have Just Witnessed The Trigger For The Next Global Collapse
    Today Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF and World Bank, issued a dire warning to King World News that we may have just witnessed the trigger for the next global collapse. Eric King: “We saw the global financial system come unhinged as a result of the mortgage-backed securities scheme from 2007 – 2009. Do all the derivatives and junk bonds tied to the energy sector have the potential to cause a similar level of panic and chaos in the global banking and financial system?” Nomi Prins: “It does have that potential for a similar reason, which is that a very small amount of underlying collateral in the energy sector and other industries that are dependent on profits from the energy sector for their own revenues, a small number of those can create a much larger ripple effect…
  • The Fed Wants to Test How Banks Would Handle Negative Rates
    As interest rates turn negative around the world, the Federal Reserve is asking banks to consider the possibility of the same happening in the U.S. In its annual stress test for 2016, the Fed said it will assess the resilience of big banks to a number of possible situations, including one where the rate on the three-month U.S. Treasury bill stays below zero for a prolonged period. “The severely adverse scenario is characterized by a severe global recession, accompanied by a period of heightened corporate financial stress and negative yields for short-term U.S. Treasury securities,” the central bank said in announcing the stress tests last week.
  • Europe Continued Gold Repatriation at Faster Rate in 2015
    Germany ramped up its gold repatriation project last year, joining other European nations bringing gold home. The trend underscores the importance of holding physical gold within easy access. Germany’s Bundesbank transferred more than 210 tons of gold back into the country from vaults in Paris and New York last year. According to the Financial Times, with last year’s transfers, Frankfurt now ranks as the largest storage location for the country’s reserves after New York.
  • New “Tech Tattoos” Will Be Tied To Medical And Banking Information
    Apparently a tech company called Chaotic Moon is looking to take advantage of the 20% of humans who already have a proclivity toward tattoos. For the rest? An appeal to safety and security, of course, and an assurance that a future offering could be a “Band-Aid-like package.” Chaotic Moon’s dual-purpose tattoo is comprised of electro conductive ink embedded with sensors and microchips. Here is the reasoning why this product is so desirable according to one of the developers, Eric Schneider, who mentions the banking aspect to CBSNewYork.
  • Ford To Cut Hundreds Of Jobs In UK And Germany
    Car maker Ford is to shed hundreds of jobs in the UK and Germany as part of a programme to save $200m (£138m) a year. The group said it was launching a voluntary redundancy programme as it looked to slash costs across its European business, in the face of mounting regulatory costs. It comes after Ford recently revealed that its European operation had returned to profit for the first time in four years in 2015. Production and product development workers will not be affected by the job cuts. The company said they were mainly likely to go in administration and marketing.
  • ISM New York Tumbles Most Since August As Revenues Crash
    While Chicago’s business outlook managed a miraculous bounce in January, New York did not. ISM New York printed 54.6, plunging most since August from December’s 62.0 level. The extremely noisy time series continues to swing, this time lower, as the underlying components deteriorate with Revenues collapsing to at least 3 year lows.
  • Biggest part of economy growing at slowest pace in two years, ISM finds
    Companies in the U.S. service sector such as retail, banking and health care grew in January at the slowest pace in almost two years, adding to a drumbeat of data suggesting the economy has softened. The Institute for Supply Management said its nonmanufacturing index fell to 53.5% from 55.8% in December. Economists polled by MarketWatch had forecast a 55.2% reading. Any number over 50% indicates more businesses are expanding instead of contracting, but the ISM service index has dropped three straight months and is at the lowest level since February 2014.
  • Lloyds Banking Group to cut 1,755 jobs and close 29 branches
    Lloyds Banking Group is cutting 1,755 jobs and closing 29 branches as part of a plan by its chief executive, António Horta-Osório, to cut costs as he prepares the bank for privatisation. Staff were told about the job losses, which cover large parts of the group, on Wednesday, but union officials said they hoped that the reductions could be achieved by voluntary means. Horta-Osório is continuing with the cost-reduction programme even though the chancellor, George Osborne, has admitted that he cannot press on with a sale of the government’s remaining Lloyds shares to the public because of the market turmoil, which has knocked the bank’s share price.
  • BOJ Kuroda says can ease more, devise new tools
    Bank of Japan Governor Haruhiko Kuroda said the central bank has ample room to expand stimulus further and is prepared to cut interest rates deeper into negative territory, signalling a readiness to act again to hit his ambitious inflation target. “If we judge that existing measures in the toolkit are not enough to achieve (our) goal, what we have to do is to devise new tools,” Kuroda said in a speech at a seminar on Wednesday (Feb 3). “I am convinced that there is no limit to measures for monetary easing,” he said. Governor Kuroda also countered criticism that the BOJ was running out of ammunition to accelerate inflation, which has ground to a halt due to slumping oil costs, saying negative rates won’t hamper the bank’s efforts to gobble up government bonds.
  • Venezuela is on the brink of a complete economic collapse
    The only question now is whether Venezuela’s government or economy will completely collapse first. The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it’s hard to see that getting any better for them any time soon — or ever. Incumbents, after all, don’t tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It’s no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.
  • The $3 Trillion Question – Why China should not devalue its currency
    Buffeted by a slowing economy, a falling stock market, and a rising tide of money leaving the country, China is flirting with weakening its currency, the renminbi (RMB). Despite repeated — and very high-level — pledges to maintain its value, Beijing quietly let the RMB slip 5 percent against the U.S. dollar in 2015. Many see its decision in December to switch the RMB’s peg from the dollar to a basket of currencies as a back-door way to piggyback on the weakening of other currencies against the dollar. Meanwhile, a growing chorus of economists, hedge funds, and policymakers are saying that China must “go with the market” and let its currency fall to save its stumbling economy. “China should stop resisting Renminbi depreciation. The currency is overvalued,” tweeted economist Jeffrey Sachs. In mid-January, at the World Economic Forum in Davos, Switzerland, Goldman Sachs President Gary Cohn agreed China has little choice: “They may have to do something in the next six months.… Do I believe they will end up devaluing the currency? I do.”
  • The End Of Plan A: The Big Reset & $8000 Gold
    Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn’t), Middlekoop asks (rhetorically) -can the global credit expansion ‘experiment’ from 2002 – 2008, which Bernanke completely underestimated, be compared to the global QE ‘experiment’ from 2008 – present? – the answer is worrisome. In the following must-see interview with Grant Williams, he shares his thoughts on the future of the global monetary system and why the revaluation of Gold is inevitable…
  • Full Summary Of Chinese Actions To Prevent An All-Out Economic Collapse
    Last summer, China unleashed an unprecedented array of measures – up to and including the arrest of “malicious short sellers” and prominent hedge fund mangers – to prevent its stock market bubble from bursting. It failed. A few months later, the chaos has spilled over from the relative containment of the capital markets and has engulfed not only the country’s FX reserves, and capital account, but also the entire economy. As a result, China’s government has gone all in, and as Bloomberg reports, is stepping up efforts to ward off a potential financial crisis, warning bank executives that their jobs are on the line unless they control risks and putting restrictions on an increasingly popular way of evading capital controls. These moves come in response to China’s slowest economic growth in a quarter century fueled concerns that bad debts will cripple the banking system and a catalyst for why virtually every hedge fund is now short the Yuan.
  • The Big-Oil Bailouts Begin
    Despite a bounce this week, low oil prices continue to sow fear, uncertainty, and mayhem across the emerging market complex. On Wednesday, it was leaked that the IMF and World Bank would dispatch a team to oil and gas-dependent Azerbaijan to negotiate a possible $4 billion emergency loan package in what threatens to become the first of a series of global bailouts stemming from the tumbling oil price.
  • This Silver Investor is “Hell Bent on Taking the Precious Metals Battle Back to the Banksters”
    I see a connection to what happened during the 85 cent silver flash crash and NIRP.  It’s tenuous but there are linkages to any flash crash. The formalization of negative interest rates evolved in Europe for several reasons, and just migrated to Japan. I’m certain it’ll come to the US once NIRP’s wrecked its toll in these GDP heavy economies. The EU project with it’s failing currency,  bank debt,  leverage, business disabling socialist friction, crushingly high taxes, and thuggish control polices were quite predictable 5 years ago.  Even before that time the issues of uncontrolled borders and infiltration of migrants began to press on the movement of people and currency as the situation grew slowly to critical mass.
  • Puerto Rico wants to erase half its debt
    Puerto Rico has a new plan to get out of its massive debt crisis: Use a big eraser. The island’s taxpayers are currently on the hook to pay back about $50 billion. On Monday, Puerto proposed cutting that nearly in half to $26.5 billion. So far, Puerto Rico’s creditors are not impressed. “It’s frustrating, and it doesn’t feel like a credible offer,” a person close to major creditors told CNNMoney.
  • Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America
    Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.  As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses.  This is especially true in areas that are on the lower portion of the income scale.  In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned.  It has been estimated that there is about a billion square feet of retail space sitting empty in this country, and this crisis is only going to get worse as the retail apocalypse accelerates.
  • Federal debt hits $19 trillion; new record set
    The federal government is now officially $19 trillion in debt, according to the latest figures released by the Treasury Department Monday that show the Obama administration crossed that ignominious line late last week. President Obama took office with the debt at $10.6 trillion, and has added more than $8 trillion during his seven years in the White House — a record pace that the Congressional Budget Office says is likely to continue.
  • ALERT: Legend Warns Global Governments Are Now Preparing For Total Collapse
    Egon von Greyerz:  “Eric, 25% of government bonds are now negative around the world. On Friday morning Bank of Japan was the latest country to introduce negative rates. There are now 13 countries with yields up to 2 years being negative and 10 countries with negative yields up to 10 years. I have been saying for a very long time that Japan is bankrupt and negative rates will of course not save their economy…
  • British scientists granted permission to genetically modify human embryos
    British scientists have been granted permission to genetically modify human embryos by the fertility regulator. The Francis Crick Institute could begin the controversial experiments as early as March after the Human Fertilisation and Embryology Authority (HFEA) gave the green light this morning.
  • PETER SCHIFF: We’re going to have a serious recession and negative interest rates before the election
    Based on today’s GDP release, it appears that the US economy is slowing but not near any sort of massive collapse. Peter Schiff begs to differ. The CEO and chief global strategist for Euro Pacific Capital, and noted perma-bear, said that serious economic destruction is just a few months away. “I think the Fed is going to have negative interest rates before the election because we’re going to be in a serious recession,” Schiff told Business Insider on Friday. In fact, Schiff said that we may already be in recession and this one is going to be a doozy. “We’re in worse shape now than we were in 2007,” he said.
  • US hedge funds mount new attacks on China’s yuan
    Some of the biggest names in the hedge-fund industry are piling up bets against China’s currency, setting up a showdown between Wall Street and the leaders of the world’s second-largest economy. Kyle Bass’s Hayman Capital Management has sold off the bulk of its investments in stocks, commodities and bonds so it can focus on shorting Asian currencies, including the yuan and the Hong Kong dollar.
  • Court rules Michigan has no responsibility to provide quality public education
    In a blow to schoolchildren statewide, the Michigan Court of Appeals ruled on Nov. 7 the State of Michigan has no legal obligation to provide a quality public education to students in the struggling Highland Park School District.
  • Oil Production Cuts Unlikely to Reverse Plunging Prices
    A cut in oil production by Organization of the Petroleum Exporting Countries (OPEC) member states, as well as other oil exporters, is unlikely to make a difference in terms of the low oil prices, experts told Sputnik.
  • Peter Boockvar – Japan Just Launched An Economic Kamikaze Against Its Citizens And The World – Own Gold
    “I only have a few things to say about what Mr. Kuroda and 4 other members of the BoJ decided to do (4 dissented). It’s a tax on money that banks will just pass on to their customers. Wanting higher inflation without faster wage growth is a tax on consumers. And, the BOJ just amped up the global currency battles. I call this economic Kamikaze and I’ll say for the millionth time, I just don’t get the bear case on gold in light of this with fiat currency having such a large bulls-eye target on it. Believing that generating higher inflation is a needed precursor to faster economic growth is nonsense. Inflation reads are a symptom of the activity of the underlying economy. I’ll also repeat the irony that markets love it when the BoJ and ECB further debase their currencies but freak out when the Chinese also want a weaker yuan.”
  • Mainstream Media Starting to Sound the Recession Warning Siren
    Ever since the Federal Reserve raised interest rates in December, Peter Schiff has insisted that the state of the US economy didn’t justify the move. In fact, on numerous occasions, Peter has said the US may already be in a recession. If not, we are on the verge of entering one.
  • Bank of Japan, in a Surprise, Adopts Negative Interest Rate
    As Japan’s economic doldrums have lingered, its leaders have tried a number of tricks over the years, from increasing government spending to flooding the financial system with cash. With the global economy looking increasingly fragile, Japan is now taking a more aggressive step by cutting interest rates below zero on Friday. The policy — which means banks are essentially paying for the privilege of parking their money — represents a last resort for a country that has struggled through a quarter-century of weak growth. In theory, negative rates will push banks to lend more to companies, which would then spend and hire.
  • EU on brink: Germany’s biggest bank records shock losses risking economic RUIN of Eurozone 
    GERMANY could force the European Union into ruin after Deutsche Bank’s share price plunged following the country’s biggest lender’s first annual loss since the financial crisis. The German lender posted a full year loss of £5.1 billion (€6.8bn) on Thursday – higher than the expected €6.7bn million. With losses of €2.1bn in the fourth quarter of 2015-16, fears of the entire eurozone toppling are becoming an increasing reality.
  • World Bank and IMF in emergency BAILOUT talks to save countries from bankruptcy over oil
    TUMBLING oil prices are plunging emerging economies into financial crisis, sparking what could be the start of a global economy meltdown. The International Monetary Fund (IMF) and the World Bank are extremely worried about the financial stability of Brazil, Venezuela and Ecuador, which are heavily reliant upon oil profits. And the two organisations are now set to discuss an emergency fund of a possible $4billion emergency to bailout Azerbaijan in what risks to become the first bailout of a country due to oil. Iran’s neighbour has been thrown into a currency crisis thanks to falling prices.
  • 80% Stock Market Crash To Strike in 2016, Economist Warns
    Several noted economists and distinguished investors are warning of a stock market crash. Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.” And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.” Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively. Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.” Stocks like Apple, will plunge.
  • Marc Faber: Market Crash Will Rival 1987’s Massive Drop
    Marc Faber, publisher of the Gloom, Boom & Doom Report, said markets could see a sudden crash similar the one in 1987, when the Dow Jones Industrial Average fell about 23 percent in one day. “[The market] will remain very volatile because interventions with fiscal and monetary policies, instead of lowering volatility they postpone it, and then it explodes,” he said to CNBC. “The average stock in the U.S. is already down 26 percent from its 52-week high and there are a lot of stocks that are down 50 percent or more. The indices have hidden the weakness beneath the surface and basically the market has been weak the whole time.”
  • Analysis: Behind the global stock market plunge of 2016
    Global equity markets have been on a rollercoaster ride since the opening sessions of 2016. The violent lurch lower in stocks was initially triggered by fears that an economic slowdown in China, the world’s second largest economy, was spinning out of control. But it was the spectacular collapse in oil prices that really lent impetus to the January sell-off. “Fear, not economic fundamentals, sparked the frenzied sell-off in China as the new year got under way which then spread to global markets and the oil price slide has compounded the pessimism,” said Beijing-based economist Chen Chen, at the Economist Intelligence Unit.

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Latest News Articles – January 28, 2016

From James Harkin (Webmaster & Editor of Here is a summary of articles of interest from around the world for this week. Please continue to send me news articles and I will include them in the summary each week. Also, the latest articles and news are added daily at the Lindsey Williams Online Facebook Page. Please ‘LIKE’ the page and share it with others. I have included a widget on the right hand side of this page also. I am also creating a Lindsey Williams Online YouTube page that will include regular videos and content.

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Lindsey Williams - Latest News Articles

Latest News From January 22, 2016 to January 28, 2016:

  • The Federal Reserve may have made a huge mistake
    Markets sure seem to think that the Federal Reserve has made a big mistake. It hasn’t just been stocks selling off 10 percent to start the year. It has also been bonds saying that they don’t think the Fed will come close to hitting its target of 2 percent annual inflation anytime in the next 10 years. Markets, in other words, have done everything short of holding a boom box outside of Fed Chair Janet Yellen’s window to beg her not to raise interest rates any more after the Fed hiked them in December for the first time in nearly a decade. And it just might work. After all, there’s no such thing as an atheist in a foxhole or an inflation hawk in a stock market crash, especially when prices were barely rising to begin with.
  • Gerald Celente Just Announced A New Trend For 2016! He Also Discusses Unprecedented Global Carnage
    The facts prove it. With just three trading days left in January, in the history of the Dow Jones, there has never been a new year that has rung in on such a down note. And the wild market ride has spread far beyond Wall Street. Just one week ago, the global equity rout sent the MSCI All-Country World Index into bear territory. From China to Japan, from the UK to France, stocks were down more than 20 percent from 2015 highs. Among the higher-risk emerging markets, stocks dove to their lowest levels since May 2009. Overall, some $15 trillion in global equity values has been lost since the year began.
  • European Union useless and corrupt, says Sir Bernard Ingham
    The European Union is useless, corrupt and riddled with fraud, Sir Bernard Ingham has said. In a withering attack, Margaret Thatcher’s former press secretary asked: “Why should the UK throw another £12 billion a year down these mafia and assorted criminal drains?” Writing in the Yorkshire Post, Sir Bernard said that in his renegotiations, David Cameron was asking for too little and would get less.
  • Aussie’s Steep Drop Puts Inflation Worries on Hold
    The Australian dollar’s steepest three-year decline since the currency was floated in 1983 is helping temper pressures for weaker inflation. The annual pace of consumer price gains accelerated in the final quarter of 2015 as the cost of goods and services influenced by imports climbed for the first time in a year. The bond market’s inflation expectations on Wednesday snapped the longest run of daily declines since at least 2009. The Aussie dollar’s 32 percent decline since the start of 2013 is helping to spare central bank Governor Glenn Stevens the deflation worries that haunt his peers in Wellington, Tokyo and Frankfurt. With unemployment falling in the latter part of 2015 and the local dollar “much lower,” the second half may have marked a bottom for the trend in core inflation, according to Deutsche Bank AG.
  • Durable Goods Devastation: Capital Goods Orders Crash To Fresh Crisis Lows, Scream Recession
    Durable Goods Orders crashed 5.1% MoM, far below the worst Wall Street forecast and turned back negative YoY as both sets including and ex-transports continues to deteriorate, flashing that a recessionary environment is already upon us (if not an actual recession). However, it is in the core – non-defense ex-aircraaft – segment that we see the real bloodbath as shipments plunged and new orders collapsed 7.5% YoY – another “worst since Lehman” moment. Of course we still have bartenders and waitresses to maintain the US economy so this is just transitory weakness in the stock market’s most-dependent segment of the economy. Headline data turned back red YoY.
  • Gold Demand Up, Supplies Nosedive in Fourth Quarter of 2015
    Gold supplies took a nosedive as demand increased in the final quarter of 2015, according to the latest GFMS Gold Survey by Thompson Reuters. Total gold supply dropped 7% in Q4 of 2015, driven down by a 4% decline in mining production. It was the largest decline in mine output since 2008, according to the report. (EDITOR: As I’ve warned before, supplies are drying up!)
  • Sale of public assets in 2015 was biggest in UK history
    Sales of publicly-owned assets, including Royal Mail and Eurostar, raised more money for the Government in 2015 than any other year in history. A total of £26.4 billion was made through privatisations, beating by almost £6 million the previous record set in 1987, according to new analysis by the Press Association. The sell-offs included the Government’s remaining 30% stake in Royal Mail, 5% of the Royal Bank of Scotland and more than 11 billion shares in Lloyds.
  • Commerce in chaos: Can anyone take on Amazon? was the best-performing stock last year in the S&P 500. The rest of the retail world is in chaos. Macy’s recently announced 4,500 layoffs and up to 40 store closures. Wal-Mart is closing 269 locations and Finish Line is shutting 150. American Apparel filed for bankruptcy in October. Shares of Staples, Gap and Bed Bath & Beyond have all plunged at least 40 percent in the past 12 months.
  • Amazon Shares Plunge on Holiday Earnings Miss
    The e-commerce giant brought in $35.7 billion in sales during the fourth quarter. Amazon shares plunged more than 10 percent during after-hours trading on the Nasdaq after the e-tailing giant reported a weaker-than-expected holiday selling season. Sales at the Seattle-based tech company increased 22 percent to $35.7 billion during the quarter. It was the best quarter ever for the company, but came in below the $36 billion in sales that Wall Street was expecting.
  • Commodities collapsing, currencies plunging. Will stock markets crash?
    The Bloomberg Commodity Index is at a 13-year low. Last month, the S&P GSCI total Return index, which tracks a basket of commodities, fell 14 percent. That was its worst decline since November 2008. Twenty-three of the 24 index components tracked, registered losses for July. The word on Wall Street is that commodity prices are down on rising expectations that the Federal Reserve will boost interest rates by year’s end. Therefore, since commodities are traded in US dollars, it will become more expensive for other countries, whose currencies are declining, to buy raw materials.
  • Maker of Oreos, Ritz Crackers shedding 1,000s of Chicago Jobs, Outsourcing to Mexico
    Mondelez bakeries, which makes Oreo cookies, Ritz crackers, and Cadbury chocolates, has announced yet another round of layoffs at its Chicago bakery. The company is enlarging its Mexico facilities as it closes nine bakery lines in the Windy City, some of which have been operating for 60 years. The company has been cutting costs since its 2012 separation from Kraft Foods’ grocery business. The goal is to reduce costs by at least $1.5 billion by the end of 2018.
  • Clueless in Davos
    Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world’s political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It  appears that few of the attendees, if any, had any advance warning that 2016 would dawn with a global financial meltdown. The Dow Jones Industrials posted the worst 10 day start to a calendar year ever, and as of the market close of January 25, the Index is down almost 9% year-to-date, putting it squarely on track for the worst January ever. But now that the trouble that few of the international power posse had foreseen has descended, the ideas on how to deal with the crisis were harder to find in Davos than an $8.99 all-you-can-eat lunch buffet, with a free cocktail.
  • Dixons Carphone to shutter 134 outlets, insists jobs are safe
    The high-streets of the UK are becoming more bereft of electronics retailers day by day it seems and now Dixons Carphone is set to make that decline even more apparent, by closing as many as 134 of its outlets around the country. The plan is to begin merging the company’s various shops together in order to create more versatile and product diverse stores, selling everything from PCs to phones in one place.
  • Zombie ships send maritime freight into worst crisis in living memory
    The shipping industry is facing its worst crisis in living memory as years of rapid expansion fuelled by cheap debt have coincided with an economic slowdown in China. “We are now at the stage where people are struggling to remember an era when it was this difficult, we’ve gone through what it was like in the 90s, the 80s and the 70s, so expressions like ‘living memory’ start to apply,” said Jeremy Penn, the chief executive of the Baltic Exchange in London. The Baltic Exchange has set shipping rates for more than two-and-a-half centuries and the situation its members now face is grim. “Ship owners are facing the tough decision of whether to just drop anchor and hope it gets better,” added Mr Penn.
  • US Services Economy Catches Down To Manufacturing – Slumps To Weakest In 13 Months
    Following December’s disappointing drop in Services PMI data, January’s initial print of 53.7 (missing expectations of 54.0) is the weakest since December 2014. It appears the “manufacturing recession doesn’t matter” meme was wrong after all. As Markit notes, the survey data paint an inauspicious start to the year for the US economy.
  • Central Bankers Driving Us Toward Uncertain but Gloomy Future
    In a recent interview published at the Daily Bell, Anthony Wile engaged in a wide-ranging discussion with economist and investment expert Marc Faber. Wile and Faber hit on a wide range of subjects from oil markets, to agricultural lands, to the future price of gold. Faber said we shouldn’t follow the media lead and blame China for all of the current problems, echoing what Peter Schiff has said. Ultimately it all comes down to central bank and government actions – policies Faber views as unsustainable.
  • Why Dip Buyers Will Get Clobbered: The US Economy Isn’t Doing “Just Fine”
    Wall Street never predicts a recession. And that’s basically why the stock market goes up for 5-7 years on a slow escalator, and then plunges down an elevator shaft during several quarters of violent after-the-fact retraction when an economic and profits downturn has already arrived. Needless to say, there are plenty of economic booby traps hiding in plain sight this time, too. Yet the sell side was out over the weekend with noisy chatter about stocks now being on sale at a discount, and that selective buying of the dip is once again in order.
  • The Coming Revaluation of Gold
    The current melt-down of the world’s debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend. (EDITOR: Important article from billionaire Hugo Salinas Price.)
  • Shell and BG Group’s Merger Will Result In 10K Jobs Cut
    Last week, Royal Dutch Shell PLC and BG Group PLC announced plans to cut staff and direct contractor positions across both companies and reduce spending by the end of the year as the companies look to streamline operations. Ben van Beurden, CEO of Royal Dutch Shell, said his company expects to close on the $70 billion merger with BG Group in a few weeks. The deal will result in about 10,000 jobs cuts across the board.
  • Market Tanking after Fed Pricked Their Own Bubble
    The downturn in the US stock market is a problem made in America by the Federal Reserve, argued Peter Schiff on the Daily Ledger. The only question now is when will the Fed restart quantitative easing to ensure the Democrats and Hillary Clinton don’t face the same problem Republicans encountered at the end of Bush’s presidency – a lost election thanks to a crumbling economy. Peter thinks they might wait until the US is “officially” in a recession, which could be as long as 7 months from now.
  • Texas Economy Collapses – Dallas Fed Survey Crashes To 6-Year Lows As “D” Word Is Uttered
    For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December’s already disastrous collapse back to -20.1, post-crisis lows. With “hope” having plunged back into negative territory (-2.2) in December, January saw a complete collapse to -24.0 as one respondent exclaimed, “we expect the continued depression in the oil and gas industry to negatively impact our customer base and result in significant demand reduction.”
  • Mainstream Proclaims Gold Is Back in Vogue
    n his most recent gold videocast, Peter Schiff said he thinks the recent Fed rate hike was the end, not the beginning of the tightening cycle. The next move will be a drop back to zero and another round of quantitative easing. When that happens, investors who have been selling gold believing the economy is on the rebound will have to reverse their bets and begin buying as gold rallies.
  • Recession Warnings May Not Come to Pass
    Every U.S. recession since World War II has been foretold by sharp declines in industrial production, corporate profits and the stock market. Those ill omens have aligned again. Does this portend an economy tilting into recession? Or can the declines in profits and production be explained by the collapse in oil prices, and the plunge in stocks be explained by investors’ overreacting to those dynamics? (EDITOR: Oil is the currency of the world, just think about that for a moment…)
  • Schlumberger cuts 10,000 jobs amid oil price rout
    Schlumberger’s customers are abruptly cancelling projects, the world’s largest oilfield services company warned on Thursday as its full-year results revealed further pain from an 18-month rout in crude that has found new momentum this year. The US-listed company’s description of “unscheduled and abrupt activity cancellations” came as it disclosed a $1bn loss for the final quarter of 2015 and plans to cut 10,000 jobs from its current 95,000 staff. The latest wave of cuts means Schlumberger has axed 34,000 employees, or 26 per cent of its original workforce, since November 2014.
  • China economic crisis: Baltic Dry Index hits record low amid fears over global trade slowdown
    Concerns over a global economic slowdown were fuelled after a leading economic indicator measuring future economic activity tumbled to an all-time low on 22 January 2016. The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes measured on a timecharter basis, fell to a historic low of 354. (EDITOR: It’s now at 325, it was at 1,222 1 year ago!)
  • International Shipping Shut Down; Baltic Dry Index Freefalling
    International cargo vessels today are all docked and anchored in most seaports all over the world, and the last trips they may have had were for the December holidays shopping spree. As of yesterday, the most prominent global indicator for international shipment of physical goods, the London-based Baltic Dry Index, is in free fall.
  • Where is the savings from cheap gas prices? One answer: ObamaCare
    Where is all this extra cash Americans are supposed to be swimming in thanks to a low average gas price of $1.85 per gallon? The country’s largest motoring group, AAA, which tracks gas prices and driving habits, estimates that Americans saved $115 billion last year on gasoline. If you listen to the monetary brain trust in Washington, with oil down to this level, it’s the equivalent of a gas tax cut, which should be moving the economy along.
  • Boeing shares drop, investors brace for slow deliveries, profit hit
    Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply. The world’s largest plane maker said it still sees a strong market for new aircraft despite slowing global growth and low oil prices.
  • COMEX Registered Gold Inventories Plummet 73% In One Day
    Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day.  This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta.  There are only 73,980 oz of Registered Gold remaining in the Comex inventories. This is the lowest level of Registered Gold inventories on the Comex for more than 20 years.  There are now only 2.3 metric tons of Registered Gold remaining at the Comex. (EDITOR: As I warned you in my article ‘Precious Metals Are The Only Lifeboat!‘ if the collapse continues there will not be enough physical gold available to satisfy demand! Your retirement accounts are being looted by these daily financial crashes. The only lifeboat is gold. If you had bought gold in 1995 you would have had a 9% return year on year. Get some advice from the experts by calling Regal Assets toll-free on 1-888-748-6766, they are experts in converting paper assets including IRA & 401k into physical gold and silver!)
  • JPMorgan CEO gets 35% pay raise to $27M amid cutbacks
    Even as Wall Street braces for more cuts to jobs and bonuses, JPMorgan Chase CEO Jamie Dimon was paid $27 million in 2015, up from $20 million the year before, the company said Thursday. The pay raise comes after JPMorgan announced record annual profits last week, thanks to cost-cutting that helped to offset stagnating revenue growth. JPMorgan’s board paid Dimon a $1.5 million salary, a $5 million cash bonus and $20.5 million in performance-based stock grants, the company said in a regulatory filing. Last year, Dimon was paid a $7.4 million cash bonus and $11.1 million in stock awards. His $1.5 million salary has remained unchanged.
  • Deutsche Bank are near collapse; they have announced a €6.7 Billion Euro LOSS
    At the height of the financial crisis of 2008, Deutsch Bank lost €3.9 Billion; today the bank announced almost DOUBLE that loss, out  €6.7 Billion last year! Is collapse coming? The first annual balance sheet of the new German bank boss John Cryan falls into deep red. Simmering disputes and large-scale corporate restructuring has caused Deutsch bank to suffer the biggest loss in its history.   Fears are now mounting the largest bank in Germany may FAIL!
  • Robert Kennedy Jr. warns of vaccine-linked ‘holocaust’
    With lawmakers preparing to vote on a bill blocking parents from skipping vaccinations for their children, prominent vaccine skeptic Robert F. Kennedy Jr. arrived at the Sacramento screening of a film linking autism to the vaccine preservative thimerosal and warned that public health officials cannot be trusted. “They can put anything they want in that vaccine and they have no accountability for it,” said Kennedy, who walked onto and left a Crest Theater stage to standing ovations, of the federal Centers for Disease Control and Prevention.
  • Celente – $15 Trillion Wiped Out In Global Rout But Here’s The Elites’ Secret Plan To Really Screw The Public
    Gerald Celente: “It already is. It’s bringing countries like Venezuela, Brazil, Congo and South Africa to their knees (a staggering $15 trillion has been wiped out in the global equity collapse so far). There is one currency after another collapsing. The declining currencies are reflecting their declining economies.  Nearly a trillion dollars has flooded out of the emerging markets.  This was hot money that once flooded in from quantitative easing that pumped up these economies and it is now fading fast.”
  • Britain is now £1,542,000,000,000 in debt as George Osborne blows his OWN targets
    GEORGE Osborne has failed to meet his own target for borrowing after it was revealed Britain’s debt has leapt £53BILLION over the current financial year to reach a staggering £1.542TRILLION. Public sector borrowing in December was at £7.5bn taking the running year total to £74.2bn. The monster debt is above the £68.9bn target for the entire fiscal year, which ends in April, and was set by the Chancellor in the Autumn Statement. The figures, released by the Office for National Statistics (ONS) revealed today, mean debts keep on climbing, and now stands at 81 per cent of Gross Domestic Product. The central government budget deficit – when the Government spends more than it receives – was £5bn in December 2015. Borrowing had dropped by £4.3billion compared with December the year before, but critics point out that this is simply thanks to one off factors.
  • Draghi hints at more stimulus in March
    Mario Draghi signalled that the European Central Bank is prepared to launch a fresh round of monetary stimulus as soon as March, bolstering a recovery on US and European equities in the wake of heavy losses this year. The ECB president said it would “review and possibly reconsider” its monetary policy stance at its next meeting in six weeks — little more than a month after the ECB last unleashed a round of stimulus.
  • American Express tanks 12% after earnings miss
    American Express shares fell 12% in trading on Friday, following earnings results that showed the company is still struggling. The company reported a 38% decline in fourth-quarter earnings Thursday. It reported earnings per share of $0.89 ($1.13 expected) on sales of $8.4 billion (in line with estimates). American Express also announced plans to reduce costs by $1 billion by the end of 2017, although analysts were at odds about how much of a difference this could make.
  • “SHEER PANIC!” Bank Runs have begun in Italy!
    A “run” has begun on Italian Banks, with Depositors taking out money in a PANIC, fearing they will lose everything if they leave their money deposited. Banca Monte dei Paschi di Siena SpA’s shares shed one fifth of their value after plunging for a third consecutive day Wednesday, as the bank scrambled to reassure investors its finances are solid. The bank said that it had suffered outflow of deposits as a result of market jitters and that its accounts had improved in the last quarter. The bank’s Chief Executive Fabrizio Viola said in a statement that deposit outflows were limited and lower than those that had taken place in 2013.
  • Store Closings 2016 Roundup: Macy’s, Gap, Walgreens, Office Depot etc.
    What follows is a complete roundup of U.S. retail chain store closing plans, and total numbers of store closings that retail chains have announced will take place in the U.S. and globally in 2016 and beyond.

ELITE PLANS FOR 2016 – Take Immediate Action! – A New DVD From Pastor Lindsey Williams. Who will be the next president of the U.S.? Why no financial collapse in 2015? Hear from someone in contact with the Elite. Political Correctness. Five firearms every American should own. Is war inevitable? ORDER NOW online for shipment now. Or call Prophecy Club Toll-Free 1-888-799-6111.

Latest News Articles – January 21, 2016

From James Harkin (Webmaster & Editor of There was a great number of comments encouraging news stories to be shared at, therefore every week I will add a new post with the latest news stories that you need to review. Also, if you have any important news stories please send them to me (James) and I will include them.

Someone also asked for an archive of Past Newsletters. I have gone through all of the newsletters Pastor Williams has asked me to send and compiled a list that is available on the Past Newsletters page.

Lindsey Williams - Latest News Articles

Latest News From January 15, 2016 to January 21, 2016:

  • Walmart to close 269 stores, 154 of them in the US
    Walmart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue. The closures will affect 16,000 workers, 10,000 of them in the U.S. The announcement comes three months after its CEO Doug McMillon told investors the world’s largest retailer would review its store fleet in amid increasing competition from all fronts, including from online rival
  • Now Tony Blair calls for EU ARMY
    The former Prime Minister railed against those who view the ongoing eurozone crisis and current refugee crisis across Europe as the beginning of the end for the continent’s political union. Writing in Newsweek, the ex-Labour premier insisted “European unity has never been more important” with the EU “never more needed and never more in the interests of the countries that make up” the 28-member bloc.
  • Dow Plunges More Than 500! Global Stock Market Rout Continues As Panic Begins To Engulf The World
    With the Dow tumbling more than 500 points, the global stock market rout continues as panic begins to engulf the world. And there goes the Gold/Oil ratio as it hits another 70-year high! The Gold/Oil ratio had already taken out the high from July of 1973 (33.69), and today it is now trading at 36.  Again, people will see gold float across the ticker at roughly $1,100 and think it’s weak but it’s actually trading quite strong vs key commodities such as oil.
  • Recession Imminent As Business Inventories-To-Sales At Cycle Highs
    Just as Wholesale inventories-to-sales ratios flash recessionary signals so Business inventrories-to-sales point to US heading towards an inventory-dump recession. At 1.38x, the ratio is the highest since the last crisis as both sales and inventories fell Mom but year-over-year, sales tumble (-1.4% YoY) and inventories rise (1.6% YoY).
  • Empire Fed Crashes At Fastest Pace “Since Lehman”
    Against hope-strewnm expectations of a bounce from -4.6 to -4, Empire Fed printed a disastrous -19.37 – the largest miss on record. New orders collapsed, shipments plunged, and employees and workweek continue to contract. Forward-looking employment expectations also plunged. The last time Empire Fed crashed to these levels was the immediate aftermath of the Lehman bankuptcy and the global financial crisis and the peak of the recession in 2001… but we are sure this is just transitory.
  • Prepare for the Post Pax-Americana era, says Citi
    Citi’s view is pretty stark. The international system could be facing a crisis of cohesion due to the lack of a compelling replacement. The US is still powerful by many means, of course. But the American value system, the thing which helps transform such power into economic prosperity, is reaching the limits of its influence. Cultures further afield simply are not prepared to assimilate themselves in the same way. And, at the same time, we haven’t found a wealth creating system as good as the American one. At least not yet. (Also available HERE)
  • ‘Currency instability’ now a serious concern for Canada
    Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn.
  • Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall
    So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. This is the lowest level for oil since 2003.
  • Global stock markets fall amid oil rout
    Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors. The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% earlier. The main European stock exchanges also slid to a 15-month low. Analysts say investors fear low oil prices reflect a fall in demand for fuel which could be a sign that growth in the global economy is slowing down. The falls in Europe and the US came after Asian stocks closed sharply lower. Markets in Dubai closed at a 28-month low, while in Japan shares fell to their lowest level since October 2014.
  • FTSE 100 Dips Below 5,700 In Renewed Slump
    The FTSE 100 has fallen sharply after the world oil price slump and fears over China prompted a renewed share sell-off. London’s leading share index dipped below the 5,700-mark as it shed 3.5% of its value, or 203 points, in a volatile session which knocked £52bn off the value of constituent companies by the close. The FTSE 100 has had a grim start to 2016, having lost more than 500 points in just the first few weeks of the year. It is a far cry from its all-time high less than a year ago, when it topped 7,100, and the index is now trading at its lowest levels since November 2012.
  • World faces wave of epic debt defaults, fears central bank veteran
    The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).
  • ALERT: Gerald Celente Warns $6 Trillion Global Stock Market Carnage Just A Prelude To The Disaster That Lies Ahead
    “Rarely do I ever put a date on market crashes.  I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal.  I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000. Eric, I’m now predicting that we are going to see a global stock market crash before the end of the year.  It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei.  There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil.  You are going to see one market after another begin to collapse.”
  • Is $2.2 Trillion in Losses in U.S. Stocks in 2016 the End?
    Investors may have felt better after Wednesday’s selling panic was met with a buying frenzy, but there are still many tales of caution that long-term investors and short-term traders alike need to consider. As long as China and oil have the stock and bond market by the neck, things can be expected to remain more than just volatile. If this is the start of a bear market, let alone a recession, then things in the stock market could get a lot worse before they get better.
  • Fears grow of repeat of 2008 financial crash as investors run for cover
    Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors. Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that China’s slowdown could derail the global recovery at a time when central banks, which came to the rescue in the credit crunch, have only limited firepower. As world and business leaders gathered for the annual World Economic Forum in Davos, Switzerland, the FTSE 100 was gripped by panic selling, especially of mining and oil companies that have been hit hard by the global slowdown in manufacturing and trade. Earlier this week, China recorded the slowest rate of economic growth for 25 years.
  • Market turmoil: Where is it all heading?
    Crashing oil prices. Plunging markets. The comparisons to 2008 — the prelude to global depression — are piling up. In the West, the turmoil is largely being experienced as fear. But in emerging markets such as Russia, China and Brazil, economies are being hit as currencies tumble in value. So are we heading for another crash and what does the future hold for the world economy?
  • Fresh Market Turmoil As Asia Heads Lower
    Markets in Asia have turned lower in another volatile session a day after steep share price falls across the globe. Stocks surrendered early gains with the Nikkei in Japan closing 2.4% down to extend a decline from the previous day while China’s CSI 300 Index fell 2.9%. Earlier, Wall Street had closed in the red too though recovering from mid-session lows. The S&P 500 was off 1.2% having been down as much as 4% during the day. It followed steep declines in Europe which saw the FTSE 100 drop into “bear market” territory – meaning it was more than a fifth off its peak level less than a year ago.
  • ALERT: Wednesday’s Global Selloff Triggers Shocking Panic Readings Similar To 1987 Stock Market Crash!
    Jason Goepfert at SentimenTrader:  Selling has become indiscriminate. Among securities traded on the NYSE, more than 40% traded down to a fresh 52-week low on Wednesday, among the highest readings in history. On an intraday basis, the selling volume was more lopsided on a 1- and 10-day basis than any other day in 65 years other than two other dates, though that eased greatly by the time markets closed.
  • The Global Economy’s Shifting Center of Gravity in 11 Charts
    These charts tell the story of global growth through data. They are colored by continent (North/Central America, South America, Europe, Africa, Asia, Australia, Other) and sortable across multiple variables, starting with longitude. Any story about global growth starts with Asia. China, India and other emerging markets are known as fast-growing, but in terms of pure population, they are barely keeping pace.

Precious Metals Are The Only Lifeboat! Only last month I WARNED you what was happening in the gold market and why you needed to convert your paper assets to physical gold and silver by the middle of September 2015. Now, we are currently in global financial meltdown, with no end in sight. You have no more time. You need to hedge against the financial instability with physical gold and silver. Call the experts to help you convert your IRA or 401k into Gold, Silver and Other Precious Metals. Call Regal Assets NOW before it’s too late! Call Toll-Free 1-888-748-6766.

Latest News Articles – January 14, 2016

From James Harkin (Webmaster & Editor of Because there is so much news and information coming out of the mainstream media now and it takes me several weeks to write and compile a comprehensive newsletter, as I did in December 2015. I have decided to regularly update you with important news stories every few days. If you would like me to continue post news stories regularly here, please let me know in the comments section of this article. Also, if you have any important news stories please send them to me (James) and I will include them.

Lindsey Williams - Latest News Articles

Latest News:

Discover exactly how to prepare yourself and your family when the SHTF! What you MUST do when the lights go out, 13 things CRUCIAL to stock, How to prepare food for long-term storage, How to survive away from home, How to create the ULTIMATE survival kit, The 6 things EVERY survival kit must contain. Download Your Free Report Now!

Precious Metals Are The Only Lifeboat!

Precious Metals Are The Only Lifeboat!

The price of gold is down about 11 per cent in 2015 and nearly 45 per cent from its September 2011 nominal peak. Commodity prices are collapsing around the globe amid an economic slowdown. By the Federal Reserve raising rates, it may or may not strike another blow against the gold trade. But, don’t tell the gold bugs. The US Mint said it sold 97,000 ounces of American Eagle gold coins in November, marking a 185 per cent monthly jump and a 62 per cent gain from the same period in 2014, Reuters reported. Silver coin demand also surged and already has broken the record it set last year.

Peter Schiff said “The demand is there. It’s growing. It’s even greater outside the US than domestically … The reality is that there’s never been a better time where people should be buying gold than now. Currencies are being intentionally and deliberately debased around the globe, interest rates are at absurdly low levels and likely to stay there for the indefinite future.” He also thinks buying gold and silver is a great way to profit from the coming crises, and he explained that silver whilst having more volatility than gold there is more upside potential in silver relative to gold, given the ratio is very extreme in gold’s favor against silver. He also said “I would look in this bull market, when the new bull market resumes, and if gold is $2,000, $3,000, $5,000, wherever it ends up maybe higher than that. I think the appreciation of silver on a percentage basis will be even higher…”

Lindsey Williams - Gold Is The Only Hedge

Lindsey Williams – Gold & Silver Are The Only Hedge

Rob Kirby, a macroeconomic analyst and expert in gold helps his ultra-wealthy clients attain gold by the ton. He says “They can’t get enough of precious metals. They scour the earth looking for large amounts of metal … People that I work with represent money so large that they know they’re going to end up in the very end game, that they are going to end up with a whole lot of dollars that are going to be worth nothing. They accept that, but in the meantime, they are going to convert as many of those dollars as they can into things that are tangible and are going to maintain value once the world gets it and realizes the US dollar is tapioca and is worth nothing.” Kirby also said “… Gold has a derivative complex, futures and options connected to it where price discovery is nonexistent. People who have an interest in making the dollar look strong can sell paper contracts and keep the real price of gold suppressed.” Can the “powers that be” do this indefinitely? Kirby says, “Not a chance in a finite world. You see, to keep the game running, they need an endless supply of physical precious metal which they don’t have. When they run out of physical metal to back up the fraudulent paper exchange, the game runs out.”

Egon Von Greyerz, founder and managing partner of Matterhorn Asset Management AG (MAM) says this about the tight supply of gold and silver “As I have discussed many times, the physical market for gold and silver is very tight. Bullion banks have low stock levels and central banks have leased or sold a major part of their gold. But since they refuse to be properly audited, they are desperately trying to hide the real position. China and India are continuing to buy more than the annual production of gold by the miners. And the supply situation from the refiners is tight with delivery delays for bigger orders.” He also says this about the strength of the US dollar “Gold seems very weak, but that is only in US dollars. In virtually every other currency gold is holding well. That includes the Euro, the Pound, the Canadian dollar, the Australian dollar, the Yen, even the Swiss Franc and of course weaker currencies like the Ruble as well as most others. The dollar is on its last swansong. The strength could last a bit longer but the reserve currency of the world is living on borrowed time. The technical picture for gold is indicating misplaced optimism for the dollar bulls. And fundamentally the most indebted country in the world will soon realize that the road to prosperity cannot be built with printed pieces of paper. No economy that runs budget deficits for over 50 years and current accounts deficits for over 40 years can survive. Retail sales are declining and the major retailers trading is under real pressure. Industrial production is weak and so is housing. Freight and trade is declining fast and these are important advance indicators of economic activity.” On the intrinsic value of paper gold he says “But just like the paper money printing will fail so will the creation of paper gold. It makes absolutely no sense that unlimited supply of paper gold should have any value. I don’t believe that we are far from the point when the paper gold holders will realise that the intrinsic value of their paper is ZERO. The geopolitical situation in the world is also looking very grim. Sadly the war industry is likely to prosper greatly in coming years. And investors in the bubble assets of stocks, bonds and property will see a wealth destruction that they could never have imagined whilst holders of physical gold and silver (held outside the banking system) will maintain their purchasing power and preserve wealth.”

Von Greyerz also said “Gold should not be bought for speculation or for a short term investment. Instead, for the privileged few that have savings, gold should be bought as insurance against a rotten financial system and in order to preserve wealth. But remember it must be held in physical form and stored outside the banking system. When we advised investors in 2002 to put an important percentage of financial assets into gold at $300, our target was $10,000 in today’s money. We still stand by that target as a minimum. The problem for the world is that we are unlikely to have today’s money for very much longer because soon all central banks will print unlimited amounts of money to try save the world financial system from collapsing. But sadly, solving a problem using the same method that caused it will not work and eventually we will see a deflationary implosion of the financial system. But before that we will have a brief period of hyperinflation that in nominal terms could take gold to $100,000 or $100 million.”

38% of all gold in Hong Kong Comex warehouse left on November 13. Roughly 21 tonnes, or 685,652 troy ounces of gold in .999 fine kilo bars, was withdrawn, net of a small deposit of 27,328 ounces, from the Brinks warehouse in Hong Kong. To put that into some perspective, that is the same amount of all gold in the entire JPM warehouse in the US. And that is a potentially dangerous development, especially with respect to a commodity that is being traded at a leverage in excess of 300:1. And in the face of shrinking inventories of gold available for delivery at current prices in both New York and London. And if people should choose to stand for physical delivery given the relative scarcity, how much of a price adjustment might be required if they could even find any to be had without an onerous delay and in sufficient numbers?

300 paper contracts that never result in physical deliver. If the paper contracts were all considered fraudulent, gold would jump in value. $315,000 an ounce?

One of the world’s top gold producers says market dynamics may well lead to shrinking gold supplies in the future. Randgold Resources Ltd. CEO Mark Bristow told Bloomberg that half the gold mined today is not viable at current prices. In other words, many mines aren’t even hitting their break-even point on half of the gold they dig out of the ground. That means new supplies of gold could begin to dry up in the near future. Amplifying this problem is the fact that many companies have already mined the easily accessible ore on their claims, leaving only gold that will prove much more difficult and expensive to dig out of the ground, according to Bloomberg:

“Gold miners buffeted by the drop in prices are shortening the life of mines by focusing only on the best quality ore, a practice known as high grading, which will restrict future output and support higher prices, according to Bristow. He said in a presentation to bankers in Toronto that the industry life span is down to about five years because companies have been aggressively high grading at the expense of future production.”

The latest World Gold Council Report hints at the coming supply squeeze. Year-over-year quarterly mine production shrank by 1% to 828 tons in the third quarter of 2015.

“The long term indication is that supply will remain constrained as the mining industry continues to proactively manage costs and optimize its operational performance. The reductions in expenditure on activities such as exploration and development will likely have a detrimental effect on production levels in the future.”

Some experts even predict the world will soon reach what is known as peak gold. This means that the amount of gold being pulled out of the earth will begin to shrink every year, rather than increase, which has been the case since the 1970s.

Chuck Jeannes announced in September that he believes the world will reach “peak gold” either this year or next. Jeannes serves as the chief executive of the world’s largest gold mining company, Goldcorp, so he certainly understands the dynamics of gold supply. And last April, Goldman Sachs analysts predicted gold production would peak in 2015, saying there are “only 20 years of known mineable reserves of gold and diamonds.”

Meanwhile, gold demand continues to surge. Global gold demand in the third quarter of this year grew a healthy 8%.

Given all the data, it appears the gold industry will soon enter a long-term and potentially irreversible period of tight supply, even as demand remains robust. Investors would be wise to take note of the fundamental dynamics on both supply and demand side of the gold market, and not just focus on the current economic data or most recent Federal Reserve pronouncements.

Asian countries are not only buying up gold, they also have a huge appetite for silver. Chinese imports for silver are on record-breaking pace this year, driven partly by strong demand for jewelry and industrial applications such as solar panels. According to the Wall Street Journal, based on the current trend, Chinese silver imports will top 3,000 tons in 2016, making it the best year since 2011.

“China which accounts for around one-fifth of global silver demand imported 282 tons of the precious metal in October, up 36% year-over-year. Its total imports of 2,678 tons in the first 10 months of the year are already around the same level as achieved in the whole of 2014.”

The Chinese aren’t alone in their silver binge. Silver demand in India has remained robust after a record-breaking 2014. India accounts for another 10% of global silver demand.

The bottom line is Chinese and Indians value gold and silver. And once they get it, they are reluctant to let it go.

Right now it takes over 77 ounces of silver to buy one ounce of gold, the so-called gold/silver ratio. So far this century, on average, it has taken less than 60 ounces of silver to buy one ounce of gold. Just get back to that level silver would have to jump 30% higher than today’s price. For all of the 20th century it took just 47 ounces of silver to buy one ounce of gold and historically that is 65% higher than today’s prices. In 2011, when precious metals prices peaked, the ratio got down to 30/1. To be able to buy one ounce of gold would be 30 ounces of silver. That is 158% higher than it trades today. In 1980 it took just 17 ounces of silver to get one ounce of gold. It makes sense to hold a portion of your investments in physical silver.

China continued adding to its gold reserves and accelerated its pace in November. According to Bloomberg, the Chinese upped their stash of gold an estimated 21 tons in November, the largest increase in at least five months. China announced its gold holdings for the first time in six years in July. Since then, it has continued to buy gold, adding 14 tons in October, 15 tons in September, 16 tons in August, and 19 tons in July. Many analysts say the gold buying spree was part of China’s strategy to stabilize the yuan as it pushed for inclusion in the IMF’s benchmark currency basket. China isn’t the only country growing its reserves of gold. Russia and Kazakhstan are also buying up gold. Central banks and other institutions boosted gold purchases to the second-highest level on record in the quarter to September, according to the World Gold Council. Central bankers recognize the value of gold as a stabilizing force and a traditional store of wealth. Wise investors will follow their lead and buy gold

Axel Merk from Newsmax says in his 2016 outlook to take an alternative look at your investments and diversify your portfolio with underlying assets that aren’t highly correlated with one another. He says specifically to embrace gold since gold has been a profitable diversifier in each bear market since 1971, except for the one induced by Paul Volcker in 1980.

Investors around the world continue to wake up to the fact that the collapse of the World’s Greatest Financial Ponzi Scheme in history is approaching faster than ever. We are seeing the demand for Global Gold Exchange Traded Funds (ETFs) decline 2011 to 2015 compared to the previous five years, it went negative by 21.2 million ounces. This was in stark contrast to the huge increase in demand for physical gold bars and coins of 208.8 million ounces during the same time period. The same trend is happening in the silver market where investors purchased 994.1 million ounces of physical silver bars and coins during the 2011 to 2015 period compared to 18.2 million ounces in the Global Silver ETFs.

Bill Holter from JS Mineset says “The money worldwide is FAKE. Gold is, has been and always will be REAL money. Gold is God’s money. That’s what this is about. This is about forcing the population of the world to us FAKE money and the REAL money is being accumulated.” And in a world of increasingly worthless fiat Bill reminds us of one critical fact, “Silver is a no brainer. Silver is the cheapest ASSET on the planet.”

Hugo Salinas Price says “When push comes to shove, China, with 1.3 billion or more population, will take unorthodox measures. The pressure of the enormous population of China, made up of quite intelligent men and women, is going to force its government to stop adhering to international covenants. China will take whatever measures can offer hope to the Chinese. China will then say to the world: “We sell cheap. Very cheap. But, we sell for gold, for very little gold; and we pay with gold for what we buy – for very little gold, but we pay gold. You want our stuff, you find a way to pay us in gold. Or else, what do you have to offer us, in exchange for our stuff? You have something we want – we pay in gold. Rest of the world, do as you please.” The nations of the world are not going to flounder endlessly in the crisis that is upon us. Out of the huge crisis, China will break away and state its terms. And the terms will be: GOLD. The rest of the world will follow.”

Pastor Williams, myself and many financial analysts and reporters as well as Pastor Williams’ Elite friend has suggested for some time that owning a significant amount of physical gold and silver. People across the world consider gold and silver money, including the Elite themselves. They have for thousands of years. If our governments eliminate paper currency, you won’t be able to store wealth by keeping cash at home or in a vault. You’ll have to store all your cash in digital form, at a bank, or another financial institution.

With gold and silver, you can store a portion of your wealth at home or in a vault, outside the banking system. And, unlike cash in a bank, reckless government printing and spending cannot destroy the value of gold and silver.

At $1050 its trading at less than cost of extraction and refinement. Therefore, not too long before gold vaults run dry. The current spot price for gold is no longer workable, we are going to start seeing some high mark-up prices going past peak gold. China is sucking up physical gold for their strategy of inclusion within the SDR and JPM and Comex Hong Kong are virtually empty. Ultimately WHEN, not IF the crash happens, there will not be enough life rafts for everyone. Its only a matter of time before the major crisis hits that will see the SDR unveiled. Those in the know are already cashing out of paper and into tangibles.

Pastor Williams pleaded with you to get prepared by September 15th, 2015. The reason was what has been said within this newsletter. Its time to get as much physical gold and silver as you possibly can. If you do not have a local dealer you already have a relationship with, I recommend Regal Assets who are experts in transferring your paper into physical precious metals whether you have cash or a retirement to convert into gold and silver. They can guarantee delivery within 7 business days. Call Regal Assets NOW toll-free on 1-888-748-6766 before it is too late!

Worldwide Financial Collapse

Worldwide Financial Collapse

On Wednesday afternoon Janet Yellen announced that the Federal Reserve would raise interest rates 0.25%. The first raise in interest rates since 2006. She didn’t raise them because the economy is strengthening. The economy just happens to be weakening rapidly, as global recession takes hold. The stock market is 3% lower than it was in December 2014, and has basically done nothing since the end of QE3. Janet would have preferred not to raise rates, but the credibility and reputation of her bubble blowing machine was at stake. The Fed has enriched their Wall Street benefactors over the last six years, while destroying the real economy and the middle class. Do not get caught up in the rate-hike hype and the short term impact that it may or may not have on gold prices. No matter what the Fed does, its bullish for gold in the long term. In the meantime, just thank the Fed for extending the opportunity to buy gold for less than $1,100 an ounce – or cost price!

Peter Schiff thinks that the Federal Reserve will immediately lower them again when it becomes clear the economy is in recession in 2016. The quarter point increase will be reversed in short order as soon as we experience market collapse part two. It will be followed with negative interest rates and QE4, as these academics have only one play in their playbook – print money. They created the last financial crisis and have set the stage for the next – even bigger collapse. John Hussman explains how their zero interest rate policy has driven speculators into junk bonds as the only place to get any yield. “Over the past several years, yield-seeking investors, starved for any “pickup” in yield over Treasury securities, have piled into the junk debt and leveraged loan markets. Just as equity valuations have been driven to the second most extreme point in history (and the single most extreme point in history for the median stock, where valuations are well-beyond 2000 levels), risk premiums on speculative debt were compressed to razor-thin levels. By 2014, the spread between junk bond yields and Treasury yields had fallen to less than 2.4%. Since then, years of expected “risk-premiums” have been erased by capital losses, and defaults haven’t even spiked yet (they do so with a lag).”

Lindsey Williams - Chaos Approaches

Last week, a large junk bond fund barred investors from pulling their money out. Third Avenue Management LLC is barring investor withdrawals while it liquidates its high-yield bond fund. This means that investors in the $789 million First Avenue Focused Credit Fund may not receive all their money back for months, if not more. This is reflected by the Wall Street Journal reporting that US junk bonds are down 2% on the year. Echoed by activist investor Carl Icahn renewed his warnings about the high-yield debt market, criticizing a perceived lack of liquidity in junk bond funds. “The high-yield market is just a keg of dynamite that sooner or later will blow up,” Icahn’s comments echoed remarks he has made in recent months about the dangers of high-yield debt. If bonds end the year down, it would be their first losing year since 2008. Additionally bond defaults are at their highest level since 2009. Worldwide, companies have already defaulted on $95 billion in debt this year. That translates to 102 corporate defaults, or 42 more than last year (2014). US companies account for over half of these defaults. Moreover, the US energy sector accounts for 26% of global defaults this year. Credit rating agency Standard & Poor’s says half of all energy junk bonds are distressed and that means these bonds have a high risk of default.

Shares of gadget maker Apple have fallen 21% from its recent high of $134.54 a share. This has obliterated $160 billion in shareholder wealth. The decline is larger than 477 companies in the S&P 500 are worth. Does this sound like a recovery?

John Hussman explains that the liquidation of insolvent criminal Wall Street banks would have set the country back on the path to legitimate recovery. Instead, the ruling class chose accounting fraud, QE to infinity, and screwing senior citizens with 0% interest rates. “In hindsight, the financial crisis actually ended – precisely – in March 2009. How? The Financial Accounting Standards Board changed rule FAS 157 and overturned the mark-to-market requirement, instead allowing financial institutions “significant judgment” in the way they valued their assets: often called mark-to-model (or as some of us call it, mark-to-unicorn).” He also warned those who chose to listen in 2000 and 2007 about the impending collapses. He has been warning those who choose to listen for months again. This market has gone nowhere in the last 13 months. It’s about to go somewhere, and that is DOWN. Remember 2000 and 2007. Enjoy the trip – deja vu all over again. “In the absence of clear improvement in market internals – and last week was categorically opposite to that – I view the stock market as being in the late-phase of an extremely overvalued top formation that will likely be followed by profound losses over the completion of this market cycle, and the U.S. economy as being on the cusp of a new recession.”

Peter Schiff also believes the inclusion of the Chinese yuan in the IMF’s basket of reserve currencies signifies the end of an era for America on the global stage. He also said “… gold prices are going higher, because it’s already fully discounted into the market. I believe more rate hikes than are actually going to be delivered have been built into the market. Lots of people have shorted gold on anticipation of a rate hike. They are buying the fact beforehand.”

Leading up to the Federal Reserve’s important December decision on whether to raise interest rates, or keep them near zero, the US central banks conducted two emergency secret meetings over the past two weeks in which the public had little disclosure of what was behind the discussions. However, one interesting and perhaps controversial decision that appears to have come out of them is that the Fed has passed a new law on November 30, 2015 which eliminates one of its original 1913 mandates as being the lender of last resort for the banks.

Out of all the functions and programs implemented by the Federal Reserve since the Credit Crisis of 2008, this appears to be the most confusing since it goes against the primary reason why a central bank was instituted back in 1913. And to suddenly change course seven years after the last financial crisis rocked the global banking system by choosing to shut off the liquidity spigot says a great deal about the solvency of the Fed itself. It doesn’t mean that the Fed will not lend to banks in times of emergency, but the bank must prove to the Fed it can pay the emergency funding back.

With the Dodd-Frank Banking Reform Act now allowing banks to re-hypothicate its own customer’s money and accounts in the event of a liquidity crisis shows that the US central bank no longer has to follow their original mandate of being the lender of last resort since it is now the public that will provide the funds to bail out banks during future crisis. And with this new law being instituted not by Congress, but by the Fed itself, one must ask if the need and purpose of a private central bank is even necessary anymore, since its primary purpose is no longer being used to protect the banking system from bankruptcy or insolvency.

Regular stress tests of all major banks will be carried out to establish risk. As Pastor Williams already said. Big banks need to come up with $1.2 trillion to cushion themselves from the next financial meltdown. Wells Fargo, JP Morgan Chase, Goldman Sachs, Bank of America and four other banks are most affected. JP Morgan, Bank of America, Citigroup among 8 US banks ratings were cut by Standard & Poor’s due to Fed’s decision to limit emergency funding. Morgan Stanley will eliminate 1,200 jobs (reflecting 2% of Morgan Stanley’s total workforce), including 470 fixed-income and commodities traders and salespeople, as Wall Street’s outlook for its debt-markets business dims.

This new legislation with legislation that banks cannot declare bankrupt, they can only refinance themselves in the form of a bail-in of depositors monies or be purchased by another bank and the US tax payer is now liable for all derivatives losses of those banks could possibly be setting up the global financial collapse to be bigger than all the other collapses combined.

Macroeconomic analyst Rob Kirby says the US dollar is constantly manipulated by the Treasury. Kirby contends, “I think we are palpably close to major dislocations in the market … China has been selling US securities on an all-out basis. So, the US Treasury market is weak. So, when the Treasury sees this, it runs counter-intuitive to the strong US dollar which has been a rig job from the get go … The strong dollar and swap spreads trading negative are absolutely in opposition to each other. It exposes that something is tragically wrong, and it is something that doesn’t make sense. It’s like shining light on cockroaches.” Kirby predicts, “I’m guessing the window is four or five months. We are certainly working our way to a blow off event that is going to change our financial universe forever. … These are end game machinations. This is like going to see David Copperfield and he ends up with the biggest illusion of the night. That’s what this is. That’s what we are seeing.”

In an interview with Finance and Liberty in November 2015, Jim Willie says “The trigger event for the Western banks breakdown will be emerging market debt default. There’s been between $5 and $10 trillion of it and it’s already started.” Willie said “I think it’s an absolute ‘lock’ we’re going to see a couple trillion dollars in defaults from emerging market nations in the next several months. The Fed is going to be in a very difficult position along with the Bank of England to cover the failed emerging market debt, just like they covered the Wall Street … mortgage bonds.” On oil he said “I think the domestic trigger in the US will be the failures from oil hedges. Outside the US will come from emerging market debt default. The combination is going ti put tremendous pressure on the ‘dollar managers’.” He also spoke about insolvent banks hiding losses “the big banks] profits are not just ‘down’, but that their profits are overwhelmed by losses ten times larger – but hidden. We’ve got a new sub-prime problem that’s going to hit the banks. It’s for car and student loans. The student loans are now up to $1.5 trillion, and a remarkable statistic is out there … something like 30-40% of graduates are not finding a job, so they’re facing default.”

In June auto sales had reached 10-year highs on record credit. In short, the “renaissance” in US auto sales is being driven by increasingly risky underwriting practices and is leading directly to the securitization of shoddier collateral pools in a return to the “originate to sell” model that drove the housing bubble over a cliff in 2008. Thomas Curry Comptroller of the Currency recently stated “what’s happening in the auto loan market reminds me of what happened in mortgage-backed securities in the run-up to the crisis.”

According to top trends forecaster Gerald Celente, 2016 is going to be very rough. Celente says “Global recession, and it’s already happening, all they have to do is open their eyes and open their ears. Iron ore, copper, aluminum, nickel, zinc, one after another from wheat to dairy products to corn. When you look at the Bloomberg Index, it’s down to 1999 levels on average. What is that telling us? There is too much product and not enough demand. It’s the same thing with oil. There’s too much production and not enough demand. What we are looking at is a global slowdown because commodities are the canary in the mine shaft.”

Celente says all this is signalling another financial bust bigger than 2008. Celente explains, “So, what you have is a bubble, a debt bubble that has grown to $220 trillion worldwide since this fake quantitative easing and negative interest rate schemes that have gone on with central bank after central bank … You can’t make this up. Interest rates and negative yields have never happened before in the world. This is brand new. They are over their heads and out of their league. They don’t know what they are doing. They are making panic decisions trying to keep the Ponzi alive.”

On global war, Celente says, “Unfortunately, when all else fails, they take us to war. Look, go back to 1929 and the market crash. You had market crashes, Great Depression, currency wars, trade wars, world war. Voila, here we are again. Panic of ’08, Great Recession, currency wars, world war … When the market collapses, the war talk will heat up.”

Gold and silver are running counter to other commodities. Why? Celente says, “Demand is up for gold and silver. To me, it is the ultimate safe haven. I’ve been saying since 2012 and 2013 that the bottom for gold is about $1,050 an ounce. I gave that number out because that’s about what it costs to pull it out of the ground. Gold is about planning for the worst.”

So, is the spike in gold and silver demand a precursor to the next crash, which Celente is predicting to be coming soon? Celente says, “I totally believe so. It’s definitely worse now. Look at the bubble they created. If there is a terror strike, they will use this as the excuse to rob us to try and mitigate the disaster that they have caused. I believe they will declare a bank holiday and devalue the currency. That’s the way they are going to get us out of this.”

Analyst and trade Karl Denniger predicted years ago that Obama Care would “kill the economy” and “eventually implode”. That is exactly what is happening now. Denniger contends, “The majority of the money we spend in healthcare is jacked up due to these monopolist policies which raise the cost four or five times where it ought to be. On top of that, we are being forced to pay for people who have made lifestyle choices that dramatically raise their cost of healthcare. The health insurance people are faced with an untenable problem because if the only people who buy car insurance wreck one car a year, the cost of car insurance is $20,000 a year because that is the cost of the car.” Denniger goes on to point out, “The rate increases that are coming down this year are astronomical. I am seeing rate increases as high as 50% for inferior coverage. Benefits come off your top line as an employer. So, all this means much slower growth if any at all because all this money is being siphoned into the health insurance and healthcare system.”

With the economy sinking in part due to Obama Care, is the Fed going to raise rates soon? Denniger says, “Janet Yellen doesn’t have any choice but to raise rates. We have an emergency policy rate right now that is destroying the pension funds and the insurance companies in this country. This is where the pressure is coming from. It has nothing to do with the economy. It has everything to do with fixed income bond ladders. That is a mathematical problem that Yellen has to confront. She certainly is going to take a lot of heat, but rates are going to go up.”

Denniger also accurately predicted “It’s going to be a quarter of a point, and everybody will scream but it does not mean anything from an economic perspective. What it does is it signals to the market that the game of rolling down interest rates is over, and increasing systemic leverage, that era is over. It is mathematically certain that it has ended. So, how long does the bubble remain? Where do we go from here? Not in a positive direction.”

Raising interest rates will restore some credibility in the short-term. However, the Federal Reserve risks squeezing itself financially, along with the rest of the world, due to the rising cost of borrowing. The decision could eventually create disastrous consequences when it comes to managing the US debt – perhaps sooner than the Fed would anticipate. Whatever decision the Fed made, it doesn’t benefit itself or the economy. Even Billionaire Sam Zell warned that the Fed is too late, “Recession Likely In Next 12 Months”.

As Karl Denniger stated, and Pastor Williams and myself have said for quite some time now, low interest rates harms retirement funds. In order to keep paying out retirees, pension funds need good returns and therefore they needed the interest rate hike. 0.25% is a start, but we’ll see in early 2016 if this was a mistake. Already the world’s largest pension fund Japan’s Government Pension Investment Fund posted a $64 billion loss. How long before other retirement funds post losses?

Trader and analyst Gregory Mannarino says this about the surging stock market, even know the economic and geopolitical news is bad “Forget about the stock market. It has absolutely disconnected from reality in every way, shape or form you can think about. We are now existing in economic fantasyland. The market top from May has held so far. Will it continue to hold? Here’s what I’m thinking now. I do believe it has the potential to hold, but why is the market up on the shooting down of this Russian jet and helicopter? Because they are expecting the world central banks to do something. We have terror all over the world and war building up. This is going to give them an excuse to print and stimulate. That is going to have an effect on the markets, and that is why its higher.”

Financial expert and expert in the federal budget and a former Assistant Housing Secretary Catherine Austin Fitts says this about the biggest financial problem the world faces “The reality is the big mother lode on the whole planet, whether you are talking about derivatives, the bond market or the stock market, is the U.S. federal budget. What is slowly begging to happen is the dawning realization that we are not only going to have to re-engineer and cut the federal budget, but we are talking about reinventing the U.S. economy. There are going to be extraordinary choices, and this is why nobody wanted to be the Speaker of the House. Paul Ryan did not want to be the Speaker because Paul Ryan knows this is coming. They will probably be able to delay it until after the election (2016), but then after the election, we’re going to have to sit down and say we can’t keep doing this. Why is this relevant?  All the markets globally work off the federal budget. It is extraordinary the amount of cash flows and credit that work off the federal budget. The credit and cash flows coming out of that budget are enormous. The reality is it is going to have to be re-engineered. That’s going to be a very shocking experience for many people.”

Richard Russell, founder of Dow Theory Letters said “The end of capitalism will be due to the unbelievable amount of debt that is currently being created. This will create monster inflation that will destroy every currency. The only currency that cannot be destroyed is gold. When investors realize this, we’ll have the makings of the greatest bull market in gold ever seen.” Jim Rickards, writing in The Daily Reckoning newsletter said “The military and intelligence communities are absorbing the new reality, but most investors are still behind the curve. Traditional stocks and bonds are digital assets that can be hacked, wiped-out or frozen with a few keystrokes. It’s important to allocate part of your portfolio to physical assets that cannot be wiped out in financial warfare. These assets include silver, gold, fine art, land, rare stamps, cash (in banknote form, not bank deposits) and other physical stores of value.” 

Renowned money manager Eric Sprott is still very bullish on physical gold and silver. Why? Sprott procaims “The US is broke … About a thousand professors have signed up and told Congress you’ve got to deal with this issue, and it is immediately ignored, but it is by far the biggest issue. It’s not just government. It’s corporate pension plans, and state pension plans and all these unfunded obligations where everyone thinks they are going to receive something only to find out that they are not going to receive something … We can’t keep extending and pretending and suggesting everything is great. Unfortunately, someone is going to pay the price, and I am not sure when the price is going to be paid. The analogy I use is we all knew ten years ago that Detroit was broke. It was so mathematically certain that you knew what was going to happen. The same thing will happen to the United States.” On his physical gold and silver investments, Sprott says, “I don’t lose any sleep over the price of gold going down in the sense that I believe what I believe. I believe it’s been manipulated. It’s very much about currency and economics of the Keynesian scheme that we’re going to spend money, print money and it’s all going to work. It’s not working. I don’t want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. I want to be positioned beforehand.” Sprott predicts, “There has to be a collapse. It will be way bigger than 2008. We had a debt problem in ‘07 and ‘08 and the debt has exploded.”

Larry Edelson said that the stock market was looking bearish and that “all available evidence tells me that U.S. and European stock markets are now a recipe for disaster.” He announced FIVE problem areas: FIRST, has been accompanied by declining volume. When a market rises and volume simultaneously declines, it’s a bearish sign. SECOND, most stocks traded — both here and in Europe — are actually declining. There are very few leaders pushing the major indices higher. In fact, as I pen this column, here in the US. Of all publicly traded stocks – 44.63% or fully 6,442 are now down at least 10% year-to-date – While a whopping 36.9% or 5,204 are down more than 15%. And only 32.5% are actually up for the year. 77.5% of all publicly traded U.S. stocks are either flat for the year or down more than 10%. THIRD, of the stocks that are actually advancing, their numbers are also shrinking. Also a very bearish omen. FOURTH, most other indices are actually down for the year. The Dow Transports are down 10.2%. The Dow Utilities, down 3.5%. The Russell 2000, down 2.5%. FIFTH, total margin buying of U.S. equities — according to latest data (Sept. 30) — stands at a whopping $454 billion, just a tad below record highs. His answer to these five problem areas is “If you’re heavily invested, just get out now.”

The Bloomberg Commodity Index is now trading lower than it did in 2008, and after 9/11. This is a stunning collapse in compdities prices. Companies like Anglo-American, are announcing layoffs. Anglo is laying off 85,000 people, 2/3rds of the company. China just announced over 100,000 coal miners to be laid off. Also, in November it was a record month for China in terms of the pace of its liquidation of foreign exchange reserves. The People’s Bank of China reported on Monday, December 7 that foreign exchange reserves, which mostly consist of U.S. Treasury debt, dwindled by another $87 billion in November. This constitutes a stunning 2.5% drop in one month.

Brazil is sinking deeper into its worst economic crisis in decades. It’s economy shrunk by 4.5% during the third quarter, according to government data released recently. It was the biggest quarterly decline since Brazil started keeping GDP records in 1996. Its economy has shrunk three quarters in a row. The downturn is only getting worse. Brazil’s economy is spiraling into a a full-blown depression. Since July 2014, Brazil’s currency has lost 41% of its value against the US dollar. Meanwhile, Brazil’s annual inflation rate just topped 10% for the first time in 12 years. And the country’s unemployment rate hit a six-year high of 7.9% in October.

China’s slump is one reason why Brazil is unraveling. China’s economy grew 9.7% per year from 1990 through 2014. In 2010, China became the world’s second-largest economy. During this time, China’s explosive growth helped boost the global economy. China needed a lot of raw materials to build its infrastructure. This helped countries, like Brazil, that export those materials. In fact, China’s rapid growth helped Brazil become the seventh-largest economy in the world. But, China’s economy is slowing now. Last year, China grew at its weakest pace since 1990. That’s creating big problems for Brazil.

Brazil sends 19% of its exports to China. That’s more than it sends to any other country and nearly twice as much as it sends to the US. China’s slowing economy means it’s building fewer factories, office buildings, and bridges. That’s hurting demand for Brazil’s largest exportL iron ore, the main ingredient in steel. Iron ore accounts for 19% of Brazil’s exports. It’s by far the country’s largest export.

The US economy also appears to be slowing down. According to the Wall Street Journal, spending on capital goods fell 3.8% during the first 10 months of 2015. Capital goods include equipment and machinery. Meanwhile, business investment only grew 2.2% during the third quarter. That’s one of the smallest increases since the Great Depression, according to the WSJ. The energy sector is a big reason those figures are so weak. As you likely know, energy prices have plummeted. The price of oil has dropped 40% over the past year. And the price of natural gas has dropped 34%. Energy consulting firm Wood Mackenzie estimates that North American oil companies have cut spending by $220 billion since last summer.

US exports fall to the lowest level in three years. The US trade deficit climbed 3.4% in October as exports of American-supplied goods and services fell to the lowest level in three years. The gloomier trade picture, the result of a strong dollar and weak global growth, is likely to weigh on the US economy again in the fourth quarter. A higher deficit subtracts from GDP. Exports dropped 1.4% to $184.1 billion, hitting the lowest level since October 2012. A strong dollar had made it more expensive for US companies such as manufacturers to sell goods and services to foreign customers. A weak global economy has also made it harder for customers outside the US to buy American goods. US imports also dipped, down 0.6%, though most of the decline stemmed from the cheaper oil. The value of US oil imports was the lowest since 2003. Similarly, the gap between how much petroleum the US imports and how much it exports also slide to $4.5 billion, the lowest deficit since 1999. The falling petroleum gap largely reflects a surge in US oil production owing to fracking.

The WSJ also reported that companies in other sectors are dialing back investments as well. The industries that are pulling back range from retailers and manufacturers to energy companies and service firms. Major retailers such as Macy’s are cutting back on spending. Macy’s Inc. plans to close 35 to 40 stores early next year, joining J.C. Penney Co. and Abercrombie & Fitch & Co. among retailers announcing cutbacks this year.

Based on credit card data, this holiday spending period is a disaster. Following disappointing sales over the Black Friday to Cyber Monday weekend, there has been absolutely no follow-through momentum as is usually seen. Chain store same-store-sales crashed 6.3% week-over-week. It appears that shoppers were sated after the hefty promotions offered in the prior week associated with Black Friday. There may also have been a drop off in brick-and-mortar shopping activity while many online retailers were offering deals for Cyber Monday.

Companies buy more equipment and machinery when they’re optimistic about the economy. They cut back on spending when they think the economy is slowing. Right now, declining business investment is one of the many signs pointing to a slowing US economy.

The ratio of inventories to sales rose slightly in October to the highest level since the recession, a potentially worrying sign that companies are having trouble selling what they are producing. The ratio of inventories to sales rose to 1.38 from 1.37, the highest since 2009, the Commerce Department reported on Friday. Generally speaking, a rising ratio is not healthy, unless companies foresee an acceleration in demand. Business inventories were flat in October, as manufacturers and wholesalers slightly reduced stockpiles while retailers added to them.

The Baltic Dry Freight Index has collapsed to all time lows at a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last few weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before… 2008!

More evidence is revealed each week that the unexpected is happening.  Instead of economic strength and robust growth, economic fundamentals are breaking down.  Manufacturing is slowing.  Consumer spending is soft.  For additional edification, just look at copper, iron ore, or aluminum…

In the UK retail sales are flatlining, the CBI Industrial Trend Survey is down, consumer confidence is down, manufacturing output is down and the trade deficit in goods has ballooned last year to £134 billion.

IMF director, Christine Lagarde, has been recklessly advocating for a wholesale seizure of 10% of all accounts in the Eurozone, but because there may be riots and even a revolution if there are wholesale bail-ins, the IMF has settled on a more incremental plan of economic subjugation in which a 10% tax will be implemented against all bank account holders in order to pay down the debt. What the IMF and the central bankers are not telling you is that the debt can never be paid down because the primary source of the debt comes from the derivatives market which totals a minimum of one quadrillion dollars. In short, these bankers are merely trying to stay one step ahead of the burning bridge by stealing your pensions and bank accounts. And does anyone truly believe that these bankers will stop at looting just 10% of your bank account? When does 10% become 20%, which becomes 30%, which becomes 100%? This will be followed by the bankers issuing neo-feudalism syle of welfare to all citizens. Mark my words, the 10% “tax” is just the starting point.

The IMF Report states “The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth… Simulations show that maintaining the overall budget at a level consistent with the IMF staff’s medium-term advice would bring the average debt ratio to about 70 percent of GDP by 2030, although in a few countries it would remain above 80 percent. However, the large debt stock, the uncertain global environment, weak growth prospects, and the absence of well-specified medium-term adjustment plans in systematic economies like Japan and the United States complicated the task.”

The FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits. If a banking collapse were to be on the near horizon, the bankers are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the Elite would be warned as they quietly transfer their money to a safer haven. During the Gulf oil spill, it was revealed that Goldman Sachs issued a “put option for preferred insiders” in Transocean (the owner of the Deep Water Horizon oil rig) and the Elite had their stock profit margin guaranteed while everyone else took a financial bath. This is the undeniable pattern of the global Elite.

Additionally your bank account has been collateralized against the derivatives debt. The bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, derivatives counter-parties are given preference over all other creditors and the customers of the bankrupt financial institution, including FDIC insured depositors. This gives what the experts say “super priority” in terms of the line of succession from which to collect bankruptcy monies. Bank of America has conspicuously co-mingled their derivatives debt with your savings account and as such they have every legal right to use your money to cover their debt. During the MF Global debacle, the reson that MF Global customers lost their segregated account funds because the MF Global debt load was caused primarily because of their derivatives debt which, under bankruptcy laws, gave derivatives claimants super-priority in the bankruptcy proceedings.

If you move to withdraw the bulk of your money, there are three federal banking laws that you should be aware of, namely, Cash Transaction Report (CTR), a Suspicious Activity Report (SAR) and structuring. CTR. Federal law requires that the bank file a report based upon any withdrawal or deposit of $10,000 or more on any single given day.The law was designed to put a damper on money laundering, sophisticated counterfeiting and other federal crimes. Structuring and SAR. It is a federal crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement. In these instances, the bank is required to file a SAR which serves to notify the federal government of an individual’s attempt to structure deposits or withdrawals by circumventing the $10,000 reporting requirement.

JP Morgan Chase is banning wire transfers from their bank to foreign banks to prevent American capital flight which will surely happen as America wakes up to the desperate situation that the banks are in. The bank is also prohibiting any cash withdrawals of $50,000 or more. HSBC followed suit and its highly likely that all five megabanks will enact the same policies in the near future.

It is getting increasingly difficult to get away from the system. Even if you were to leave the country, it is becoming much more difficult for your money to come with you. There is a war on cash and it is becoming increasingly difficult to barter without a paper trail. If you have taxes outstanding the government can restrict your passport until those taxes and fines are paid. Obama quietly signed H.R. 22 into law and deep within those pages is a provision giving the government the authority to revoke your passport if they believe in their sole discretion that you have “seriously delinquent tax debt”. You have no alternative but to work with the system. However, one thing you must do immediately is no longer be faithful to just one banking institution. Open multiple accounts and spread your risk. Do not focus on just large banking companies also investigate small institutions, but make sure you do your due diligence. Keep just enough money in your bank accounts to pay regular bills and keep some in cash at home because with the introduction of negative interest rates the banks you will pay the bank to hold your money. Buy a safe and security system to secure your home. If your state allows, it may also be wise to arm yourselves as I have heard certain states police no longer have the ability to protect its citizens. Obviously when the crash does occur the US dollar may be worthless until the currencies of the world are reset and the new world currency is revealed. Therefore, for cash in excess of a few thousand dollars it would be better to invest any excess in tangible items such as physical gold and silver that you can sell or trade at a later time. Keep some physical gold and silver at home and some in a vault. Certain gold dealers have the ability to store physical metal offshore in such jurisdictions as Singapore, which has very good banking secrecy. However, as we have already proven, things can change rapidly in the global political and financial arena so continue to keep abreast of latest developments worldwide.

You have two choices, wait and see what happens or sell your worthless paper and invest in gold, silver, fine art, land and other tangible items. It is up to you, we can only share the facts of what is happening. Plan for the worst. This is what Pastor Williams has been telling you.

New World Currency Announced

New World Currency Announced


In October 2015 the New World Currency was not officially announced. It was expected that the IMF would announce a reserve currency alternative to the US dollar. However, on November 30th, 2015 the Chinese Renminbi was approved by the International Monetary Fund (IMF) as a Main World Currency and will be included in the Standard Drawing Rights (SDR) basket from October 1st, 2016 with a 10.92 percent weighting, which is nationalistically greater than Japan’s Yen and Britain’s pound. This heralds a giant step towards the end of the US Dollar as the sole world reserve currency. However, that being said whilst the British pound’s weight in the SDR will fall from 11% to 8%, the Japanese Yen from 9% to 8% and the Euro from 37% to 31%, conspicuously absent from this list of demotions is the US dollar, which remains a rock-solid 42% weighing. But, does the weighting really matter?

Does the public announcement of a new reserve currency really matter when many countries are already no longer using the US dollar to trade? The US dollar has been the dominant reserve currency since the end of WWII, on terms that were dictated by the US government practically by gunpoint. In the decades since, they have continually and viciously abused this privilege, violating the trust of the rest of the world. It’s no wonder why there is now so much demand for an alternative. This has happened so many times throughout history. Dominant reserve currencies come and go.

Chinese Renminbi

Chinese Renminbi

On October 8, 2015 China launched its own cross-border Yuan payments system. Currently most global payments are handled by SWIFT (Society for Worldwide Interbank Financial Telecommunication). The new and streamlined China International Payments System (CIPS) is modelled on the US Clearing House International Payment System. The new system will thereby bypass the US dollar for international financial transactions. Russia is already developing their own SWIFT alternative based upon CIPS success and in time, this will be rolled out amongst the other BRICS nations. When sanctions threatened to cut off Russia from SWIFT, one of its top bankers said it was the equivalent of a declaration of war.

The BRICS nations have also created the BRICS New Development Bank (NDB) and China’s Asian Infrastructure Investment Bank (AIIB). These developments are expected to protect BRICS from exchange rate volatility. We must also mention that Russia and China have already signed a deal to bypass the US dollar for oil trading.

Gulf Arab states are also planning along with China, Russia, Japan and France to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese Yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Iran has also announced that its foreign currency reserves would be held in euros rather than US dollars and Russia has included the Chinese yuan in its reserve currency basket to boost the yuan’s presence in the Russian financial market.

With regards to Gulf Arab States planning to end dollar dealings, Standard and Poor’s has downgraded its sovereign credit rating for Saudi Arabia. According to figures published by the IMF this year, the kingdom’s budget deficit will hit $130 billion this year. The IMF has also warned that Saudi Arabia could be bankrupt within the next five years if the government maintains its current policies. The crude price decline has prompted the government to cut spending, delay projects, and sell bonds. The kingdom’s finances are depleting at an alarming rate by continued subsidies, hand outs to public sector workers in order to keep dissent in check, the deadly aggression against Yemen, and a patronage system that has expanded over years. As soon as sanctions against the Islamic Republic of Iran are removed, they will pump even more oil into world markets that will further reduce the price. The fall of the House of Saud is inevitable. As Pastor Williams Elite friend has said, Saudi Arabia will be the last regime to fall. On another note the UN granted Saudi Arabia the chair of a key UN Human Rights Council panel, Saudi Arabia has put to death well over 100 people so far this year. What does this tell you about the UN? But, I digress…

There may have been no official announcement of a new global currency, the Global Currency Reset, according to Pastor Williams’ Elite friend there has been a backlash by several countries which could see their economies severely impacted from such a reset. It is possible there will not be a reset. It may go straight to the new world currency that would also include physical gold, hence many countries converting US debt to physical gold. That doesn’t mean that the GCR will not go ahead, but it may go ahead under considerable revision especially due to a world-wide collapse of the financial markets that would see the IMF step in and announce the SDR as the world reserve currency, whilst resetting currency rates based upon asset to debt ratios. It is also possible that because of political red tape at the IMF several countries around the world are going ahead with major financial changes that will affect the global financial market without the IMF.

Speaking about a revised Global Currency Reset, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. It added that the present system, under which the dollar acts as the world’s reserve currency, should be subject to wholesale reconsideration. Although a number of countries including China and Russia have suggested replacing the dollar as the world’s reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion. In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

The proposals would also imply that surplus nations such as China and Germany should stimulate their economies further in order to cut their own imbalances, rather than, as in the present system, deficit nations such as the UK and US having to take the main burden of readjustment. “Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability,” said Detlef Kotte, one of the report’s authors. “But you would also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund (IMF).

Recently the Chinese president visited the United Kingdom (the main financial center of the world), there was so much fawning over China by the British government and British Royal Family that 40 billion pounds ($62 billion) of deals have been made including: Nuclear power project, automobiles, theme parks, financial center, healthcare, oil and gas, cruise ships, aircraft engines and insurance industry. China’s president Xi said “With growing interdependence and interwoven interests, countries in the world are increasingly becoming a community of shared future.” With closer ties to China and BRICS, is the UK hedging its bets against continuing control of globe by the US? After the visit to the UK by the Chinese president, the US warned the UK not to leave the EU stating the UK would face barriers trading with the US due to the Transatlantic Trade and Investment Partnership (TTIP) between the EU and USA.

This closer tie with Britain includes the founding of the Bank of China Trading Center (London). The Bank of China is committed to developing London as the world’s leading offshore Renminbi (RMB) center “through promoting the economic and financial cooperation between the two countries and acting as a long-term and trusted partner and financial advisor for all global customers involved in China related business.”  This goes hand in hand with the China Construction Bank joining HSBC, JPMorgan Chase, Mitsui & Co Precious Metals, Bank of Nova Scotia – ScotiaMocatta, Toronto Dominion Bank, and UBS in taking part in the daily auction process hosted by CME Group and Thomson Reuters for the silver price-setting mechanism. Eastern markets continue to play an increasingly important role in global finance, and the Chinese are steadily positioning themselves to become essential to the international gold and silver trade.

Before Ken From died he said that China was the “Big one – Watch China.” Is it possible that he was not talking about the crash of China, but the global expansion of China?

China has called for a New Global Reserve Currency to Replace the Dollar. Gov. Zhou Xiaochuan recommended creating a currency controlled by the International Monetary Fund and made up of a basket of global currencies. Xiaochuan said the move would help “to achieve the objective of safeguarding global economic and financial stability.” Earlier in October, the Yuan passed the yen to become the fourth most-used currency for global payments and is very much one of the reasons why the IMF has chosen to announce China’s currency as part of the SDR. China has been stockpiling gold as part of its strategy to raise the stature of the Yuan on the world stage. After announcing its reserves for the first time since 2009 in July 2015, the world’s largest consumer of gold has upped its holdings steadily. The Chinese gold stash increased another 1% in September 2015.

The IMF has two major criteria for admission into the SDR:

  1. The country must be a major trading nation. China easily passed.
  2. The currency must be “freely usable”. China has passed this test too. China is rapidly closing in on the British pound in third place (the US dollar and the Euro occupy the top two spots). Over 1,000 banks in 100 countries use the Yuan for payments with China – up 20% over the past two years. Trading in Yuan was almost non-existent five years ago when it was looking to enter the SDR before, but today ranks among the most globally traded currencies.

There is no doubt that the United States was against its inclusion. However, its power is limited. China gained over the threshold of 70% approval from IMF shareholders. The US had a voting share of 16.7%, so it alone could not block China’s entry. Plus, it’s unlikely that the US wanted a repeat of the embarrassment of its opposition to the China-led Asian Infrastructure Investment Bank (AIIB). Despite its opposition, most US allies joined the AIIB anyway.

A word of warning and potential risk to the global financial markets is, IMF inclusion of the Yuan could trigger $1 trillion of inflows into the Yuan, as central banks add the currency to their reserves. It is unsure how the Yuan would be included, there are current reforms of the SDR currently under way that would allow multiple SDR’s that would take the politics out of reserve currency determination and let the market decide the basket. However, what the Chinese do not want is for these new found buyers of the Yuan to send the currency soaring beyond its pre-devaluation levels, thereby slamming the Chinese economy further which could result in a full-blown global crash. China is a parallax economy. From one position China appears to be in a massive financial crisis thanks to a bursting credit bubble that has the potential to drag most of Asia, and possibly the world, into an era of massively depressed trade and asset prices. From another China has already become the world’s second largest economy, and has accumulated more savings than every other nation on the planet.

Financial writer and gold expert Bill Holter says “China used fiat debt to build real infrastructure, and when the system blows up, the fiat debt blows away and they are left with infrastructure. Do they have 20% bad loans? They very well could and probably do. If that is true that they are going to have a debt blow up, don’t forget China has been importing big tonnage of gold for years now. Over the last five years, they have imported 9,000 tons of gold. Their way out is the old way out. The old way out was to revalue gold higher. They could revalue gold and step up and say they will pay $50,000 or $100,000 per ounce for any and all ounces for sale. You can’t say there is not enough gold. What you can say is that it’s not priced correctly to support the system. If they have an implosion of debt which leaves their balance sheets impaired, the way to recapitalize the balance sheets is to revalue the price of gold higher. It creates capital, in other words.”

China are backing their currency with gold and real infrastructure assets since “gold forms the very material basis for modern fiat currencies.” and Gold is the world’s only monetary asset that has no counter party risk, and is the only cross-nation, cross-language, cross-ethnicity, cross-religion and cross-culture globally recognized monetary asset.

Gold is a monetary asset that transcends national sovereignty, is very powerful to settle obligations when everything else fails, hence it’s exactly the basis of a currency moving up in the international arena. When the British Pound and the USD became international currencies, their gold reserve as a share of total world gold reserves was 50% and 60% respectively; when the Euro was introduced, the combined gold reserves of the member states was more than 10,000 tonnes, more than the US had. If the RMB wants to achieve international status, it must have popular acceptance and a stable value. To this end, other than having assurance from the issuing nation, it is very important to have enough gold as the foundation, raising the ‘gold content’ of the RMB. Therefore, to China, the meaning and mission of gold is to support the RMB to become an internationally accepted currency and make China an economic powerhouse.

As was stated above, China wants to found the Bank of China Trading Center in London, UK. China Construction Bank is also taking part in the daily auction process for the silver price-setting mechanism. The Chinese are also establishing a Gold bank. This is to break the barrier between the commodity and monetary world. It is designed to acquire more reserves and gives China more say and control within the gold market. When Pastor Williams says the new world currency will be GOLD BACKED. It is true as that is what China has done to secure its place within the SDR basket. “Gold & Silver, that’s the currency of the Elite!”

Under the New World Order, the Sustainable Development Agenda is formulated for every country to rely on every other country within its global fiefdom. It is calling for a global currency. Not a currency based upon one superpower, but a currency based on stability. It is possible that other countries will be invited to join the SDR in the future. Russia, India, Brazil and other countries with huge resources and little debt are likely candidates and we can now we see why countries are forming their own groups via organisations such as BRICS, TPP and TTIP. They are ending national sovereignty in order to support each other through global government. If what the IMF and UN have proposed comes to fruition, all countries around the world must be on board with the Sustainable Development Agenda. Resource, asset and income rich nations will support those weaker nations. Just like within the USA federal financial policy mandates the richer states support weaker states. We will see this stabilize the Euro Zone after the current refugee crisis has done its job. This will then become the global norm, under the New World Order that according to George Soros could very well be China-owned.

The US dollar as the sole reserve currency is over. It’s not *if*, its it’s not *when*. It’s over for the US dollar, it just hasn’t been officially announced, yet.