Tuesday, May 21, 2013

Clients Denied Gold At Major Banks As Shortage Intensifies

http://www.jsmineset.com/2013/05/21/clients-denied-gold-at-major-banks-as-shortage-intensifies/

Today Egon von Greyerz told King World News that clients are having tremendous problems getting their physical gold out of Swiss banks as well as other major banks as the shortage intensifies. Greyerz also discussed the fact that refiners simply cannot keep up with demand, “no matter how much they produce.” Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.

Greyerz: “This week I want to talk about what we are seeing in the physical gold market, and why there is a disconnect in that market. We transfer a lot of gold from Swiss banks and other banks into private vaults for investors.

More often now, than ever, we are encountering incidents when the banks are putting up all kinds of obstacles for these transfers. The first sign of the potential shortage of physical gold started with ABN AMRO a few weeks (when they) declared that they would renege on their commitment to redeem gold accounts in physical gold.

“Instead they would redeem in cash. The custodian for ABN AMRO, for the gold, is UBS, and UBS decides to what extent they hedge the ABN paper gold position.

So as there is no more physical redemption of the ABN AMRO gold accounts, it seems these contracts are no longer backed by physical gold. It’s just backed by paper, and this is of course typical for the paper market, Eric. This paper market, which is 100 times bigger than the physical market, probably has zero percent backing of physical. This is why ABN stopped redeeming in gold.

Click here to read the full interview on KingWorldNews.com

Centralization And Sociopathology

http://www.zerohedge.com/news/2013-05-21/guest-post-centralization-and-sociopathology

Concentrated power and wealth are intrinsically sociopathological by their very nature. We have long spoken of the dangers inherent to centralization of power and the extreme concentrations of wealth centralization inevitably creates. There is another danger of centralization: sociopaths/psychopaths excel in organizations that centralize power, and their ability to flatter, browbeat and manipulate others greases their climb to the top. In effect, centralization is tailor-made for sociopaths gaining power. Nothing infuriates a sociopath or a sociopathological organization more than the exposure of their sociopathology, and so those in power will stop at nothing to silence, discredit, criminalize or eliminate the heroic whistleblower.

Gun control advocates now admit: IRS intimidation scandal proves Second Amendment needed to stop government tyranny

http://www.naturalnews.com/040398_gun_control_trust_in_government_tyranny.html

The illusion of trustworthy government has been destroyed

Now the Second Amendment makes total sense. Why do we even have a Second Amendment? The honest, blatant answer is so that as a last-ditch firewall against a tyrannical takeover, the American people can march on Washington with rifles in hand and shoot all the criminals dead. That is the essence of the Second Amendment -- a last-ditch failsafe for liberty. The only real way to keep government in line, after all, is to make sure those who hold office know that if they become outright traitors to America and refuse to abide by the limits of government described in the Constitution, they might be shot dead by citizens who take their country back by force. (I'm not calling for such an action, by the way. I'm only explaining the historical context of the Second Amendment and what it really means.)

Learn more: http://www.naturalnews.com/040398_gun_control_trust_in_government_tyranny.html#ixzz2Txd0alqD

Doors’ Manzarek, 74, takes final bow

Ray Manzarek, a founding member of and keyboardist for the legendary 1960s rock group The Doors, died yesterday at a clinic in Germany. He was 74.

He had been battling cancer, the group’s manager, Tom Vitorino said.

Manzarek, who lived in Northern California’s Napa Valley wine country for the past decade, had been seeking treatment in Germany for bile-duct cancer, Vitorino said. He died in Rosenheim, Germany, surrounded by his wife and brothers.

Singer Jim Morrison and then-UCLA film student Manzarek formed the seminal band in 1965 after a chance meeting at Los Angeles’ Venice Beach, and Manzarek’s keyboard work would go on to be a touchstone of hits like “Break On Through (To the Other Side)” and “Light My Fire.”

RAY MANZAREK
Loses cancer battle.

ARTHUR SILBER: The State Explodes Itself

http://powerofnarrative.blogspot.com/2013/05/the-state-explodes-itself.html

In the meantime, the ridiculous pageant continues. Everyone plays his part, pathetically hoping that if we all refuse to acknowledge the truth, facts will contort themselves to satisfy our collective fantasy. And the State is insistent that we may view it in only two ways: either the State is run by the most idiotic collection of incompetent nincompoops the world has ever seen, or a gang of singularly determined, endlessly scheming liars and vicious, bloody murderers is in charge, who will lie about everything and murder anyone.

SPEAKS FOR ITSELF

Doctors increasingly declaring bankruptcy as Obamacare kicks in, causing widespread care shortages

http://www.naturalnews.com/040416_medical_bankruptcy_obamacare_doctors.html

Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.

Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by the incremental installment of Obamacare is one major factor causing doctors to go belly-up all across the country, say experts. Other factors include decreasing insurance reimbursements, ever-rising medical malpractice insurance costs, and more expensive drugs, all of which are making it increasingly difficult for American doctors to survive.

As we have been saying here at NaturalNews for quite some time now, the so-called "healthcare" industry, at least as we currently know it, is really more of a sick-care industry driven by a highly unsustainable profit model. The costs associated with drugs, surgeries, and medical equipment, for instance, continue to skyrocket, and fraudulent insurance billing practices have only made the problem worse.

Economy woes driving many doctors out of practice

But a much more serious issue in recent years appears to be the flailing economy, which many doctors are reporting has caused them to lose half or more of their patients. Many former patients who lost their jobs in recent years also lost their health insurance coverage, which has resulted in many of them being no longer able to pay for medical care, even if they need it. Consequently, many doctors have had to downsize their practices

Learn more: http://www.naturalnews.com/040416_medical_bankruptcy_obamacare_doctors.html#ixzz2Twg9nQKR

MARTIN ARMSTRONG'S LATEST BLOG POSTS

The Latest from Nigel Farage

Posted on May 21, 2013 by Armstrong Economics

The Latest from Nigel Farage

http://www.youtube.com/watch?v=BQryLd2MYaE

Long Live the Dollar

Posted on May 21, 2013 by Armstrong Economics

If anyone wants to know why the dollar will soar to new highs, just stop and look at Europe. The gold promoters will claim the bank crisis will make gold soar. But the dollar will soar. France is out to shut down gold sales and has outlawed buying or selling gold for cash. They are tracking every ounce. The smart Europeans will move their cash to the USA before they can’t get out or go to Asia maybe better. But the bottom line – it is the dollar that is becoming the ONLY game in town.

The banking crisis in Europe is worse that the US ever was. The US was a trading loss, this is a systemic failure that is more than $1 trillion in bad loans when the USA was $700 billion. France wants total seizure of assets to secure socialism. This is like cutting off your head because you have a headache. The denials of the Cyprus solution would ever be applied to the EU have faded into the night. The politicians cannot see for an instant what they are doing to the world economy. When I said we have a Crisis in Democracy – this was not hype. The EU will seize bank deposits to bailout the banks. The governments are unwilling to put in that money because they cannot sell it to the people. Germans are not interested in bailing out the banks in Italy or Spain.

A slowdown in British inflation sent sterling to a 7-week low on the view it could give the Bank of England more leeway to support the UK economy, and the yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough.

The Dollar is the Prettiest of the Four Ugly Sisters – Europe, UK, Japan & USA

Long Live the Dollar

http://translate.google.de/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&eotf=1&u=http://www.mmnews.de/index.php/wirtschaft/13068-eu-plant-sparer-enteignung-ab-2016