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Have just listened to the Edward G Griffin stuff and will certainly pass this on.

It is so difficult for people who have the diagnosis because they are too frightened to go with anything other than what the doctor recommends, and only see alternatives as 'last chance saloons.

Those in possession of this type of info can only hope to inform rather than actively persuade, and you hope they will at least WATCH the thing in the first place.

I personally have good reason not to trust the medical profession, as between them they very nearly killed my son.

I'll try to be brief.

Over the course of a year he went to the doctor with abdominal pain which latterly became almost constant.

His GP diagnosed irritable bowel and several months in refused to refer him.

By the time he was referred he was literally skin and bone having lost 25% of his body weight.

He was finally referred to a gastroenterologist and had colonoscopy and scan.

Result being -

There is nothing wrong with you.

You are probably abusing drugs.

You are anorexic.

This is attention seeking behaviour.

You need to see a psychiatrist.

All this to someone who has no history of drug abuse and who had never even consulted any doctor with any mental health issue ever.

4 days later he consults again with GP.

Faints on entering consulting room. GP tells him "This is pathetic".

Collapses in waiting room while making further appointment. GP tells him he is OK to go home with his dad.

Had informed GP about large, black bowel motion and was told that he had just been given the cleanest bill of health it was possible to have. Black bowel motion is internal bleeding apparantly.

GP records in his notes, Widely dilating pupils. Pale. Cachectic. Looks shocking.

Did not examine him at any time.

The next day he collapsed again and was admitted to hospital with a haemaglobin of 6.6. He had to have blood transfusions before a gastroscopy could be performed.

He was found to have a huge duodenal ulcer which had pierced an artery and was spurting blood. He was lucky to survive.

This just 5 days after being discharged and told to see a psychiatrist.

And guess what. The GMC did not want to know. They said there was no case to answer.

mabel

I'm reading & absorbing. Humidity at 66% here. Managed to join a ladies walking group who walk around an air con mall for an hour. Swimming on hold as water is too warm & someone got an ear infection so as I'd already guessed - bacteria infested pool - so knocked that on the head & swapped it for the walking.

Reading alot.

Keep feeding us Gaz - we're like hungry chicks & its all helping my sanity.

Mabel - hard to have faith
- how many people are led blindly - to chemotherapy

The Fred Hutchinson Cancer Institute has published research showing that
- The extremely aggressive therapy, which kills both cancerous and healthy cells indiscriminately, can
- cause healthy cells to secrete a protein
- that sustains...... tumor growth.... and
- resistance.... to further treatment.

http://www.nydailynews.com/life-style/health/shock-study-chemotherapy-backfire-cancer-worse-triggering-tumor-growth-article-1.1129897#ixzz2Z3wBzcHo

It's actually been known sice the 70's - but even so - when a recent study shows it.....
- why are they still giving people something that - sustains the cancer
- and....makes it more agressive and treatment resistant
.....than you began with ?????

Strange - they keep pushing....mammograms...too

John W. Gofman, M.D., Ph.D., an authority on the health effects of ionizing radiation, spent 30 years studying the effects of low-dose radiation on humans. He estimates that
- 75% of breast cancer
- could be prevented by avoiding or minimizing
- exposure to the ionizing radiation from......
- mammography,........ X rays, and other medical sources.

Does he know his onions...on the subject

John William Gofman is
- Professor Emeritus of Molecular and Cell Biology in the University of California at Berkeley,
- and Lecturer at the Department of Medicine, University of California School of Medicine at San Francisco.

He is the author of several books and

- more than a hundred....... scientific papers in peer-review journals

in the fields of nuclear / physical chemistry, coronary heart disease, ultracentrifugal analysis of the serum lipoproteins, the relationship of human chromosomes to cancer, and the biological effects of radiation, with especial reference to causation of cancer and hereditary injury.

Re Mammograms

British Journal Of radiology on.. pubmed.gov

- low energy X-rays
- as used in .....mammography are approximately..... four times
- but possibly as much .....as six times
- more effective in....... causing mutational damage (than higher energy X-rays)

http://www.ncbi.nlm.nih.gov/pubmed/16498030

And.....after they have finished using "more cancer causing low energy" radiation for mamograms
- causing up to 75% ...of breast cancers

When they.....find the breast cancer
an independent review set up...by the government
(following years of scientific controversy surrounding the NHS programme).

Found...
4,000 women will undergo .......unnecessary treatment, including
- surgery,
- radiotherapy
- and chemotherapy,

for a cancer
- they would not otherwise have known about and....
- which would have done them......***** no harm in their lifetime*****.
Some breast cancers are so tiny and slow growing that they would....
- never be a threat...... to a woman's health,
the review says.

http://www.guardian.co.uk/society/2012/oct/30/breast-cancer-screenings-damaging-women

Conclusion

So in the light of all the above......why do they keep batting on regardless

- using "more cancer causing" low energy radiation...for mamograms
- & doing things that cause 75% of breast cancers (Per Dr Gofman)
- treating women with - radiation/surgery/chemo......who would never have any threat to their health ....in their lifetime...had they done nothing
- and....when giving chemo....knowingly doing so....even tho' the Fred Hutchinson Cancer institute.....has proven
- it causes the body to release a protein that.....actually sustains the tumour
- and makes it more....treatment resistant .

Answer ?
- sadly..... a simple one
- the same reason the Red Cross suppresses Jim Humbles....malaria cure
(there would otherwise be millions of African babies - surviving)

ie...
If they didn't keep causing cancer and supressing the cure
- Trillions in lost profits
- &....billion more people on the planet

In the style of Bones as he used to say to Captain Kirk on Star Trek

"It's just Eugenics Jim....but not as we know it"

Interesting update from Ned of Cheviot Asset Management

Worth noting in the written report .....The Gov't/BofE....is WORRIED about
- BARCLAYS (Leverage now a huge 40 : 1)

The reason I mention it - is as I have pointed out previously - there was an investigation into...... Barclays - "illegally" lending the money to - the Saudi wealth fund money
- to fund... "its own bailout"....to avoid the strings of a Gov't bailout
- tantamount to a bankrupt - writing out a cheque on his ...own bank account...to repay his own debts !!
(then .....silence re the outcome)

PLUS
Jim Willie states heaven and earth is being moved on a daily basis by the Banksters to stop 3 Banks going tits up
- Barclays....Deutsche & Citi

The written short update newsletter

http://www.scribd.com/doc/152683206/Gold-Update-July-2013

Ned interviewed by GoldMoney ...on the content of the above gold report update



Ned also points out the fiat system is broken
- as - in a stable fiat system
- gold should just "sit.... backing the paper currency" and not really - move much.
- and the paper currency should - move around at reasonable velocity.

In the present system
- Fiat money is parked in "financial assets - Gov't T Bonds, Stock Market, Bank accounts etc
(& incidentally Trillions are parked by the Banks at Central Banks - as they are ...unwilling....to risk....lending...to each other. 2 Trillion parked by the banks ..at the FEDy alone !!)
- ie fiat paper is... not moving...with sufficient velocity

And....
- it is ...Physical Gold..... that is.... moving
- and with...... increased velocity

He also points out - that there are only 2 measures of the value of "money"
- gold backing...and interest rates
(interest rates being compensation for.... the "risk" of holding fiat paper)
- and both are being heavily manipulated..to suppress/hide the massively falling "value" of fiat paper

The fiat system is broken completely
(as has always happened throughout history....to all paper based money systems)
- and this time, fot the first time - it's ....global

An opinion from 58-year market veteran
- Ron Rosen, who has been at this business for almost ...six decades
- that silver ....will advance roughly 800%
and gold is set to soar over $3,000 from current levels.

We are looking at a massive move in front of us that will top ..sometime in 2014.
- At that point there will be a correction.
- Then,..... a massive blowoff
- will take us probably into early 2016.

People who have been tortured by this long corrective phase, they will be thrilled if they have the ability to hang on. They just need patience here.

I expect the gold price to hit $4,300 in early 2016, but
- the really fascinating thing here is..... the silver chart
- because there have been three peaks.

The first peak increased two times from the previous low. The low was $4.01 and silver went over $8 in that move. (x2)

The second peak was $21.44. So silver increased four times the previous low, which was $5.45. (x4)

The third peak was $49.82, and that was six times the previous low, which was $8.40. (x6)

You’ve got an old guy like me who has been at this business for almost six decades, and he sees....... 2, 4, 6.

There’s only one number that comes up next, ....8.
- We then multiply 8 times the low of $18.17, and we have a silver price
- of over.... $148 sometime in early ....2016.

It’s as clear to me as the sun rising and setting.”

---------------------------------------------------------------------------------------------

Rick Rule comments on how he & Eric Sprott became.....wealthy

One of the things that occurs to me is that this is my fourth major market cycle. The three previous down-cycles that I’ve been through previously were the cause of my personal wealth, and Eric Sprott’s.... personal wealth

“It’s interesting that at age 60 I have a lot more patience
- than I did when I was age 30.
And I think one of the things that’s happening right now is the fact that markets and conditions have caused me to be a 3-to-5-year thinker, and most of the people I compete with, who are 20 years younger than me, have a.... 2-to-3-week time frame.

And the idea that somebody who has a 2-to-3-week times frame can compete with somebody who has a 3-to-5-year time frame is very problematic. What Eric and I are trying to do in very crass terms is go from being quite wealthy,
- to being....... ludicrously wealthy.

This is my fourth major downturn, and in the first one I was really terrified because I hadn’t been through it before. But in the last three downturns
- I have known in every case that bear markets cause bull markets
- and that I was going to come out of it doing very well.
I just didn’t know how well or how long it was going to take.

I need to tell you that in each prior instance that I came out of it doing much better than I anticipated, and this time I believe that
- I am going to do incredibly well coming out of this market.

People need to remember that neither want nor hope are... investment techniques,
- they are emotions.
-people need to think .....as opposed to wanting or hoping.
- And if they do that, and they lengthen their time frames,
- they will do much, much better with their portfolios as this market turns and heads to the upside.”

“We need to remind ourselves,
- that the narrative with regards to precious metals
- has not changed between 2010 and today.
The only thing that has changed is the price.


Investors sometimes need me to hold their hands.... on gold and silver.
- People need to ...hold their own hands.

They need to decide for themselves
- whether they want to do.... what I do,
- which is own things they (governments) can’t print,
- or whether or not they want to default, as an example, to the U.S. 10-Year Treasury which our friend Jim Grant famously described as.... ‘return-free risk.’

Of course I am....betting
- that it will be much wiser........ to own things that governments can’t print.”

.................................................................................................................

Overall patience - common sense - on how you personally join the dots of the info which adds up to the true, real....big picture....that's coming down the track
- and cutting through TPTB owned MSM.....hype, talking heads and...
- well ....general deceptive ...Bullsh!t

Generally the "freethinkers" tend to be right...on the big picture outcome
- but just see it....too early
- then doubt their own conclusions...during the lull
- often they then ....jump back in the game
- only to find out....they had been right all along in the first place.

As I put it - "if" you are correct in the foresight
- that all the pointers are that....the brown stuff is going to hit the rotating blades...at some point in...the near future"

"Is it better to be...prepared
- a year or two..early
- or one day....too late ??"

Another pointer (re above - near term....the brown stuff impacting the rotating)

The European "bail out fund" itself
- has been - downgraded
(you really coiuldn't make this stuff up)

Published July 15, 2013
Associated Press

LONDON – Fitch Ratings has cut its credit grade for
- the European fund that provides .....rescue loans to Greece, Ireland and Portugal.

The agency says it lowered the rating for the European Financial Stability Facility — or EFSF
— by one notch from AAA to AA+
as a result of its downgrade of France last week.
(The EFSF’s creditworthiness ....depends on that of the countries that provide its financing, which includes France).

Monday’s downgrade of the EFSF means the fund could have to pay higher interest rates to raise money.
Fitch’s rivals Standard & Poor’s and Moody’s have already downgraded it.

(No great suprise - but most sheeple don't grasp - it's predominantly the - insolvent nations - guaranteeing......
- the bailouts....of insolvent nations
(yes - the crazy world of...smoke and mirrors)

Someone sticks his head above the parrapet
- to give an opinion on z/h - as to when the next - step change increase
- in the volume of sh!t hitting the fan....is likely to be.

Mark J. Grant, author of Out of the Box,

Everyone wants to know ........what day everything will change.

I have been asked and asked and asked when
- the cat will come out of the bag,
- when Jack will jump out of the Box
- and when the weasel will pop.
- I have even been asked when the cow will jump over the moon
- but
I will let the cat with the fiddle...... answer that one.

I could tell you that I have spent long nights with the ancient runes. Maybe I should claim that, being the Wizard, I have cast the Calendarus Spell and divined the future. Another option would be to claim secret knowledge from the newest Sage, Ms. Lalique. None of these would be true though so I will not make such statements.

No, the Drop Dead Day
- will prove to be accurate but for other reasons.

It is the date of...... the German elections
- September 22, 2013.

Portugal is about a nano-second from blowing up.
- Their ten year yield is now north of 7% and their political coalition is a hair's breadth from collapsing.
- The government has asked the IMF to delay their financial review... until August citing political uncertainty.

Greece is right on the verge of coming unglued again.
- The Troika is demanding that Greece cute fifteen thousand Civil Service jobs.
- The unions are calling strikes once again and the current coalition rules by a handful of votes.
Trouble is again on the horizon.

The Prime Minister and the government of Spain are accused of graft.
- The Spanish economy is worsening dramatically
- while unemployment surges.
The Spanish banks are asking for (this is quite stunning)
- their deferred tax assets
- to be guaranteed by the nation .....in another attempt to turn water into wine.
Things are not going well.

France is in a recession and their economy is getting worse.
- Last Friday they lost the last of their "AAA" ratings and there is no joy in Paris I can assure you.
- Further budget cuts are on the horizon as encouraged by the IMF
while Monsieur Hollande sinks in the polls.

Having identified all of this
- it will not matter .....until the day after September 22.

Nothing is going to be allowed to upset the bratwurst cart and..... I mean nothing.

If more money is needed it will be spent.
- If favors need to be called the phone will be in use.
- If Frau Merkel needs to give Mr. Draghi a new set of instructions; they will be issued.
- Whatever it takes.
- Whatever must be done.
Nothing .....will get in the way of the Chancellor's re-election.

In the days following the election, however,....... the gates of Hell may open
- and the brimstone may spill out.
- Every..... problem, question and issue that was delayed, put-off and tabled until the German election took place
- will rear their ugly heads for public inspection.

Attitudes will change.
- Money will not be easily forthcoming and....
- the noose will tighten around the necks of the troublemakers.

Portugal, Spain, Italy, Cyprus and Greece...... will be wailing once again

Dave Kranzler of the GoldenTruth:

"GOFO negative for........ 6th day in a row
(I explained GOFO...plus cause reasons & potential impact....higher up the thread :o)

It also increased in negativity...... from Friday.
- New territory here folks.
- With the managed money hedge fund category.... gross short Comex gold....
- by a record amount
(it went up again... last week)

and the big banks........ net long..... Comex gold
- for the 1st time..... since Nov 2001,
it's only a matter of time..... before this explodes to the upside."

IMO/FWIW - it's just a matter of......how long & how much.... they can keep getting....more net long

- until....they choose...to light the blue touchpaper

Possible game changer re Silver

Money manager Stephen Leeb

“We are seeing massive demand for photovoltaics ....out of both Japan and China.
- We are also continuing to see massive demand for silver in the Middle-East for this type of energy infrastructure as well

China
- has just raised their target for solar power.

This is an incredibly important event for the silver market. That means more silver demand.
- They have just raised their target to more than... 35 gigawatts by 2015,
- up from the current level of.....just 7 gigawatts.

China’s previous target was...... 21 gigawatts by 2015,
- so that’s a stunning increase of....... 67% above their previous target.

China is saying their target is now 35 gigawatts,
- but I think they will be closer to 45 to 50 gigawatts of solar capacity by 2015.
( If you look.... at the rate... at which they ......keep raising the 2015 target, who knows what the target will be by 2015)
- they may even have 100 gigawatts of solar capacity by the year 2020.

Photovoltaics already consumes .......10% of the entire...... silver market,
- and we will see an enormous surge in that number over the next five years.

So there is going to be,,,,,, tremendous upward pressure on silver prices.... going forward because of China’s need to buildout solar capacity.

If we look at Japan post-Fukushima,
- Japan is going to be in the market for solar in a big way in the future as well.
- All of this means more and more demand for physical silver.
The message here for investors is not that silver will go from $20 to $50, but instead that silver will trade .......in the hundreds of dollars an ounce in a matter of years.”

Check this -....twice
US Mint Silver Eagle...Sales

Total for year to date - 52,618,500
Total sold in JUST JULY - 27.575,000

Unless they have made a bit of a..... VERY LARGE TYPO

They have just sold....more eagles.....so far...in JULY
- Than in the rest of the previous 6months

http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=bullion

Maybe someone put the YTD total (inc July Sales) - in the July Sales Line
(Or...maybe not :o)

Beware - a man on a white horse - who is currently....riding it ???

As far back as ancient times, whenever civilizations fell into great crisis, people in desperation have almost invariably turned to a single individual who promised them better times.

Both the Greeks and Romans often conveyed dictatorial powers to someone in whom they entrusted people’s security and livelihood. Typically this was a battle-hardened general who could lead a city’s defenses and beat off an invading horde.

Of course, history is full of examples of men who did not give up power willingly once the crisis passed.

The ancient historian Herodotus lists as many as fifty ‘tyrants’ in his writings, a word that has its origins in ancient Greek despotic rulers.

For thousands of years, ambitious men have always taken advantage of crisis, social turmoil, and economic downturns to solidify their positions and take control… often creating even more destruction in their wake.

As an example, the 1920s economic crisis in the Weimar Republic
- had a huge impact in the rise of...... Adolf Hitler’s National Socialism.

Watch just 56 seconds.....makes you think doesn't it !!!!

One for the "out the box" free thinkers - that might make you go 'mmmm

What if ..Chavez & the Bundesbank gold
- wasn't sitting where it should be in the Central Bank Vault

Would you need to literally .....smash the price of ......Gold & Silver
- and put the - fear of god - into investors hearts & minds
- to stop them buying
- and start them selling

Plus
- allow comex invet-ory to be milked
- and ETFs (GLD etc) to be raided of....physical

Plus let....the Banksters out their...immense short positions

(Seems good enough reasons in themselves....but lets look at evidence.....of the...... after effects
- of Chaves & Bundesbank requests .....to see if it "perhaps" bears out the above :o)

NB - make sure you scroll "to the right" on each chart....sorry can't reduce the....widescreen)




The 2 lines are where Chaves & The Bundesbank requested....their own gold back
- coincidence ???


A zoom view of the post effects of the Chavez moment
- after the initial expected market boost
- what then....followed :o)



......................................................................................................................


Now lets look what happened after - The Bundesbank moment





So in a nutshell

- after the Chavez moment (line 1) short tim up blip
- gold took a decent.....(to be polite)....tumble

Then.....traded sideways (the blue area)......until
- the Bundesbank moment (line 2)

Then the price got whacked....whacked....then whacked some more
(folowing chart)




.......................................................................................................................


Now lets look at the Bigger picture
- what happened to the Gold price after....the bundesbank moment
- vs -
- Comex invent-ory ....movements
- & ETF gold holdings......movements






......................................................................................................................


Still think - the Chavez & Bundesbank gold
- was where it should be

Still think the gold price smash .......was ...a COINCIDENCE


NB.............MAKE SURE - you scroll right.....especially on that last chart!!!!!!
(The verticle dotted line - is when the Bundesbank.....requested their Gold)

Does it
- Make you go ''''mmmmmm ????

As the famous US Gangster convicted of "Tax Fraud" used to say
- once is ...happenstance
- twice is...coincidence
-Three times.....is....enemy action

Lets have a look at that last quite stunning (coincidence :o) Graphic again for a moment





Now lets for a moment consider that
- the takedown of gold coincidentally happening after the Chavez request
- and even more graphically represented in this ....total repeated smackdown of gold....again, coincidentally...after the Bundesbank request

- was nothing to do with..... Chavez & the Bundesbank wanting their gold back
- and the high probability....it wasn't there
(so on that score.....lets also ignore the FEDy needing to take....7yrs to return it too)

Why else would there be such an awsome drain on comex & Gold ETF inventory & where is it all going.....unless as everthing points to...into the hands of
- ready and willing physical buyers
- willing to pay significant premiums over ficticious paper spot price
- and willing to wait weeks, if not months to get hold of the physical as a result of refiners working flat out...to meet such overwhelming demand
(does that seem a sure sign of panic selling to you....lol)

So was such overwhelming demand for physical by the punters/India/China etc
- the unintended backfire
- from the hope by TPTB that the smackdown would let them ......get hold of .....the long gone leased, lent, hypothecated/rehypothecated, fractionalised ....Bundesbank gold.

Anyway...moving along

Lets again - let our minds drifts to the talking heads & mainsteam media opinion re the Gold price waterfall price drop
- in that, it's no connection to an attempted smackdown to panic the sheeple into selling them the much needed physical to satisfy the missing Bundesbank gold
- or to let the Banksters exit their huge short positions
(& indeed become net long :o)
- and .....

- as CNBC & the bought & paid for media - shout from the rooftops
- it's the .....end of the precious metal bull market
- and all the people are cashing in their ...precious metals ETF holdings
- and heading for....
The Exit

Well ignoring the above evidence of demand plus
- 10's of thousands of people queing outside shops in China to buy
- Vietnamese willing to pay nearly $300 dollars PER OZ over paper spot in a recent gov't auction of...physical gold
- India doing everything it possibly can to block it's sheeple buying physical gold
- and GOFO rates being negative far out for 7days (& counting)

Are people really bailing out of "physical ETF gold" - holdings

Well facts....... are a really funny thing
- as evidenced from the table below

You see - GLD - that's the one run by the usual - bankster crew
- has been absolutely heamoraging....physical
- and by coincidence - it's the one that....
- only Bankster bullion members can.....actually get hold of ....the real physical Gold
- And it has lost (redeemed)........ a massive
- 13 MILLION OUNCES or to put it another way...a gynormous
- 30% of it's holdings in 2013

So is that evidence of....punters heading for the exits ....en masse

Because here is the.....really strange thing
- if you check the chart
- you will notice that the funds backed by - real physical
- and where ....the punters themselves.... (not the bankster bullion banks) can actually get hold of and take delivery of....real physical

- eg sprott asset's gold backed ETF & the Canadian one

Have not ....lost/had redeemed......even just ...one single ounce...by their holders/investors !!!
-not one, a big fat zero, diddly squat..redemptions
- over the same period
- that the Bankster run GLD....lost/allegedly redeemed.....13 Million Ounces/30% of it's ...entire holding

Check it out !





So do... "you"
want to go with - the talking heads/MSM
- no demand - sellers rushing for the exits & dumping their ETF holdings

Or do you join the dots - see a manipulated take down re the Bundesbank moment
- and also allow the Banksters to exit.... their potentially crippling short positions
- and GLD being...bankster milked of...its physical

Interesting charts and views .

Ron Rosen comments @ 368

Silver photovoltaics @ 372

Quite amazing ! Thanks for your efforts

Gaz - Brilliant find...!!

And the complete opposite reaction to what was expected, which gave rise to many questions and we didn't need to look far to know what the reasons were (those of us whom realise) but lovely to see it so EMPHATICALLY displayed.

I thought you were away Gaz. So will make an effort to return here more often. Pity I cannot post Stockcharts here. Although that nay be a blessing for some ;-/

S.

Sahara - cheers - I thought a quite blatant & "in your face" graphic, of whats and why.

Just went away for a few days to give my son free reign and space in the house for a week untill his house was ready. We both love him to bits, but...
- two 6ft'ers bulit like England Rugby prop forwards
- and my son with the 26yr old oodles of energy and enthusiasm of a hyper-active puppy 24/7 for a week is.....exhausting
- so stepped off the planet & into Norfolk for a week of technology free tranquility
- love doing it
- great for distraction free - putting life and priorities into perspective

Worth watching this 1 1/2 min youT.....before reading on




Are your initial thoughts - the same as mine were.....
- funny, with a.... distant air of truth
- but couldn't happen...literally

Sadly, yes it can !
- totally legally too, and all... totally above board
- and couldn't even touch the bank in court.

The banksters have been legally able to take your money...and carte blanche...do entirely whatever they choose with it.....
- suprisingly
- with NO FIDUCIARY DUTY....to you....at all

Why, because that's .....the basis that...."you have AGREED"..... to give them your money
- and it has been that way....for a very, very ....long time !!

The Cyprus Template....saver "bail in" new template is just
- a distraction & muddying of the waters

I think if the Sheeple knew the following.....meant the above
- I think fractional reserve banking could..... "end quite quickly...and abruptly"

So here we go
(Keep your hands in the car & no standing up....let loose the roller-coaster)


.................................................................................................................

The law has been in existence for hundreds of years
- and was established in England by the House of Lords in the case Foley v Hill
- in .....1848.

When a customer deposits money with his banker, the relationship that arises is one of creditor and debtor.
- Once money has been paid to the banker,........ it belongs to..... the banker
- and he is free to use the money...... for his own purpose.

I will now quote the relevant portion of the judgment of the House of Lords handed down by Lord Cottenham, the Lord Chancellor.

He stated thus:

“Money when paid into a bank, ceases altogether to be the money of the principal…(That's you)
- it is then the money of the banker,
- who is bound to return an equivalent by paying a similar sum to that deposited with him when he is asked for it.

The money paid into the banker’s, is money known by the principal to be placed there for the purpose of ....being under the control of the banker;
- it is then ......the banker’s money;
he is known to deal with it as his own; he makes what profit of it he can, which profit he retains himself,…

The money placed in the custody of the banker is, to all intent and purposes,
- the money of the banker,
- to do with it as he pleases;

(now hold on tight)
- he is guilty of no breach of trust in employing it;
- he is not answerable TO THE PRINCIPAL....... IF HE PUTS IT INTO JEOPARDY,
- IF HE ENGAGES IN A HAZARDOUS SPECULATION;
- he is not bound to keep it ....or deal with it as the property of the principal, (that's you again)
- but he is of course answerable for the amount, because he has contracted, having received that money, to repay to the principal, when demanded, a sum equivalent to that paid into his hands.”

(quoted in UK Law Essays, Relationship Between A Banker And Customer,That Of A Creditor/Debtor, emphasis added,)

Holding that the relationship between a banker and his customer was one of debtor and creditor and........ not one of trusteeship,
Lord Brougham said:

“This trade of a banker is to receive money, and....... use it as if it were his own,
- he becoming debtor to the person who has lent or deposited with him..... the money to use as his own,
- and for which money he is accountable as a debtor.
- I cannot at all confound the situation of a banker with that of a trustee,
- and conclude that the banker is a debtor with a fiduciary character.”

In plain simple English – bankers cannot be prosecuted for breach of trust, because it owes no fiduciary duty to the depositor / customer,
- as he is deemed to be using his own money to speculate etc.
- There is absolutely no criminal liability.

So if the bankster chooses to stick all the money on the favourite in the 3-30 at Kelso
- and loses
- you are just another...... random unsecured creditor....when the bank gets wound up.
- and it would be legal....and you couldn't touch 'em for it.

That's the terms ....you agreed to...when you give them your money.

As Michael Caine says ....." not many people know that "

So.... pass it on :o)

India ...has imported over ........900 tons of Gold so far this year while
China ....has imported just shy of 1,100 tons.
Total for just those 2 countries....2000 Tons
(& that's only so far...in 2013)

To put these amounts into perspective, the world (ex China) produces
- 2,200 tons per (FULL) year.

As an aside, with prices where they are right now, production will decrease in the future as some mines are not profitable at these levels.

My question is this, with China and India buying almost every ounce that comes out of the ground "how much is too much"?

"Too much" as in what level is THE level where existing inventories cannot absorb the demand from "the rest of the world"
(as India and China are speaking for... the current production....and more).

Where is the Gold going to come from? It is already clear that existing inventories are being squeezed as evidenced by
- the backwardated GOFO rates 8 days running.
( I would like to point out that this is not only..... the longest streak, ......but more days total ......than ALL of the last 20 years combined!)

Also lurking in the shadows is allegedly a second Dutch bank to call a halt to delivering out Gold (RABOBANK).
Why would this be?
Why would any of this be?

Why is the Gold market so tight after so much (alleged) "selling"?
Shouldn't inventories be not only flush with product but simply overflowing with so much metal that they don't know what to do with it? Where did all of this "metal" that was sold, in a panicked, fast and furious fashion go?
Did it evaporate?
Is it being held in some alien, invisible vault system that we don't know about?

Of course not...because it was not GOLD in the first place.
We are now more than 90 days past the April "fool's" selling of supposed Gold. This is enough time to look back and see for sure what happened. At the time "we" said that the selling was not physical Gold and in fact was merely paper contracts without any real metal backing.

"We" said that only those who wanted a lower price would ever sell futures in the fashion that they were sold. Well guess what, WE were right. If we were wrong then Gold would be plentiful right now...it is not.
- Not only is the Gold market "tight",
- it is tighter than it has ever been over the last 20 years.

I took some serious flack back in April when I said that "the plan" all along was to default. I said this because I knew that there was no way......
- 1,000+++ tons of real metal could, or ever would in that fashion hit the market over less than 12 trading hours.

So here we are, 90 days later and inventories have done nothing .....but bleed everywhere you look.

Not only that but as I see it, some deliveries have not even been made. Unless someone can show me where JP Morgan has concluded their.... May deliveries
- or delivered anything at all on their June deliveries
( I will assume that I have read their reports correctly)
- and are in serious arrears.
Please, send me data that illustrates the movement of Gold from JP Morgan to those contractually entitled to receive it.

That said, I will again state what I wrote back in April.
- We are facing a major default in both the Gold and Silver markets on COMEX which only has left a mere....... 29 tons of registered Gold inventory available for delivery.

I also believe we will see the LBMA in the same boat though they do not publish inventory numbers. All that is needed is to look at the inventory drain coupled with the explosion in demand caused by fraudulent prices to see that this will come to a head shortly.

August COMEX deliveries of Gold should be at least 30 tons
- which would take care of all existing registered for delivery inventory...and then what?

What happens after August? Like I said "How much is too much?" ...demand that is

Bill Holter (Franklin Mint)

Detroit file for chaper 9 bankruptcy

http://m.bbc.co.uk/news/world-us-canada-23369573

Which will result in a trillion of losses on the bond markets.

Yes - really.

Bigger than some might think.

Let it sink in.........

Then sit back & watch the bond market crash!

Ouch!

Andrew Maguire (top guy) - Bill Murphy entered his testimony at the CFTC silver manipulation hearing

“The mainstream media has this myopic focus on the over 600 tons of GLD redemptions, while in reality we are witnessing
- massive bullion demand
- far in excess of these .....relatively small ETF redemptions.
This bullion demand is actually putting enormous pressure upon immediately deliverable LBMA bullion stocks.

“What is notable, is that since the ABN AMRO bank default .....became public,
- it forced that defensive attack by ....the Fed and the Bank for International Settlements....
- & it forced that defensive attack.

It was a desperate attempt to bail out an imminent collapse of

- the largest bullion houses in London.

And despite an over $400 rigged decline in the gold price,
- here we are back full circle, with the bullion bank inventories again under stress.

A rigged $400 discount may have delayed the default,
- but it also ramped up Eastern hemisphere bullion buying,
- and ......was far in excess..... of what was gained.
I guarantee you that....... was not in the plan when they rigged this (takedown).

Thanks to the paper discount,
- the LBMA fractional reserve bullion inventories
- have been drawn down.... at such a fast rate
- that there is lots of evidence......... they are now running on fumes.

The smashdown has enabled the bullion banks to cover their paper shorts,
- but the Western central banks
- are deeper in the glue now...... than they ever were.

These outsized, mismatched leases are having to be rolled over while they scramble to meet this.... unanticipated Eastern hemisphere demand.
- By the Fed creating such huge downward derivative momentum, what they did....
- was they unleashed a monster.

Taking the price (for gold) sub-$1,300 was a fatal mistake.
- What it has done is accelerated the physical demand exponentially
- and placed the whole fractional reserve Western bullion banking system back at risk again.

This is very similar to the abyss that Gordon Brown stared into when the Bank of England was forced to bail out Goldman Sachs 13 years ago.”
(The famous Brown's bottom rescue)