Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Asian Metals Market Update: January-23-2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold Ends Slightly Higher
By: Chris Mullen, Gold Seeker Report

The Gold Cartel, Sex Scandals, and GATA
By: Bill Murphy

Gold Market Consolidates Near Important Levels as Government Shuts Down
By: Stefan Gleason

The Metals Are Building Another Launching Pad
By: Avi Gilburt

SWOT Analysis: Will Gold Continue to Rally Into the Chinese New Year?
By: Frank Holmes

I Bet My Blog on a 2018 Economic Collapse — 2018 Economic Predictions
By: David Haggith

Gold Set Up For Big Move This Year – What About Cryptos?
By: Dave Kranzler

Medicare Premiums Are A Shared Pool - Eight Coming Changes That Will Transform Retirement (Social Security Indexing Part 5)
By: Daniel R. Amerman, CFA

The Fed’s “Frankenstein” Policies Are About to Turn on Their Master
By: Graham Summers


GoldSeek Web

Next time?

 -- Published: Monday, 18 August 2014 | Print  | Disqus 

By Bill Holter

  Around mid-morning on Friday we heard news that the Ukraine had "destroyed part of a Russian convoy".  The stock market immediately dropped nearly 200 points, Treasury bonds were bid 10 basis points lower, oil was higher and gold which had been hammered $20 lower earlier ran back to unchanged.  I do want to mention that "the sale" which knocked gold down was some $2 billion worth of COMEX futures.  $2 billion, this would amount to a little more than 1 week's production from ALL mines in the ENTIRE world.  Again, "who" would ever sell their product in this fashion where they receive THE worst price of the week?  The real laugher is that this was not even "gold" which was sold, the sale was merely COMEX futures.  This game however will shortly end as the Shanghai exchange comes on line which will be a 100% physical exchange.  China has a history of meting out harsh and should I say "physical" penalties for financial crimes, selling something that does not exist would fall into this category.  This further display of naked short selling is not what I'd like to write about today.

  The "announcement" of the destruction of a Russian convoy had all the makings of being the spark for WWIII.  As soon as I heard the "news" and saw the markets react, my first thought was "this is the beginning".  Were it true, the situation would have already escalated in every fashion.  The escalation would have certainly been militarily but also financially.  What the heck really happened though?  Anything?  Here it is more than a day(s) later and what do we really know?  Was there a Russian convoy destroyed?  Was there even a Russian convoy on Ukrainian soil?  Was anything at all destroyed?  The Telegraph put this article out Friday evening, the headline clearly states "Ukraine destroys part of Russian military convoy". 

  First, two British journalist "saw firsthand" the military convoy cross the border.  Do we have any pictures?  Did they not have cameras with them?  This is possible but not probable, but surely they had cellphones right?  So where are the pictures?  I haven't even seen any pictures showing destroyed vehicles in the light of day after the alleged attack.  Russia denies having any vehicles on Ukraine soil nor having anything destroyed.  Yet the president of Ukraine himself swears to it?  What really happened if anything?  Zerohedge even speculated the Ukraine may have even fired on their own units.

  I have to ask again just as I did after the Malaysian airliner was brought down last month, where are the satellite images?  Russia says they don't have any because there are none, the White House tweeted "can't confirm convoy destroyed".  Who is going to come forward with proof one way or another as to what happened?  Was this just another false flag to start war which went sour and failed?  I hope you understand just how serious this is.

  Sadly, I will give you my opinion on what "is happening".  Some who read what I am about to write and will say I am "un patriotic" or "un American".  This couldn't be further from the truth.  After watching the U.S. "back" tyrants in various countries and support the coups of "puppets gone bad" who would no longer do our bidding, I can only say we are wrongheaded and dangerous.  In my opinion, Washington is doing anything and everything possible to start a war.  This war of course will end up being against the interests of China and Russia.  Is this war "winnable"?  No it is not and the danger is we end up in a nuclear conflict. 

  But why?  Why does it seem the U.S. is hell bent on war?  There are several reasons all of which turn back to the U.S. dollar itself and the power involved in issuing the reserve currency.  First, it is my opinion that Washington knows the game is about over.  The economy has not and cannot be kick started because there is too much debt weighing it down.  I also believe we are at the end of the road where it comes to keeping a lid on gold and silver, I believe the metal to deliver has just about run out.  I also believe the realization that there is very little good collateral left to be lent or borrowed against has sunk in.  Even outright lies about economic numbers are no longer supporting confidence which is waning.  Remember, "confidence" is what holds up fiat money.  It is the failure of confidence that Washington is trying to hide or misdirect your attention from.

  It is my opinion that we have come to the point where a scapegoat is needed and dirty tracks must be covered.  The dollar system is a Ponzi scheme which cannot just fall apart on its own without having something to point at as the "cause".  The thought process I am sure is if a war is started and "we win", the dollar can then be "forced" upon the world.  If we lose?  This will be pointed to as the reason the economy is in shambles, the markets collapsed, your bank closed and your dollars cratered in purchasing power.  Never mind the fact we ran wild deficits, printed money and have done everything that history has shown us was imprudent and reckless.  A war will (they hope) act as a distraction from the financial chaos.  I believe the thinking here is the public will be so involved with their own problems that the perpetrators of the grand fraud might get a pass.  Whether this would/will work or not is another question.

  It is my opinion the world knows all of the above and is in the process of isolating the U.S..  Our actions to start a war have eaten away at the trust in our currency.  "Trust" was all we had left and we have lived off of it for years.  It seems the more we lost it, the more we "pressed" to keep it using bullying tactics which only served to eat further away at the remaining trust.  As I wrote last week, we are "kicking the table over" because there are no other options.  Starting a war will do this.

  The above was written over the weekend.  Here we are Monday morning and "it never happened".  Nothing happened so please move along and just forget about it!  Actually, Friday's news has already been completely forgotten.  What you should not forget personally is the fact that you were given "news" on Friday which was completely false.  What will you believe "next time"?  There will be a next time, you can count on it.  There unfortunately will be "next time's" until one gets the desired end which results in the war called for by the script. 

Regards,  Bill Holter


| Digg This Article
 -- Published: Monday, 18 August 2014 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.