Gold Prices Could Collapse As Dollar Strengthens

Next week promises to be a very stressful time for those keeping tabs on world currencies, especially for Western observers.

The sterling pound is already fluctuating ahead of Scotland’s referendum, which could decide if the country will leave the United Kingdom.

Eyes are also on the American dollar. The US currency is expected to strengthen as interest rates go up.

But while a stronger dollar is great news for the United States, its success is causing problems for gold investors.

The news that the dollar is gaining steam brings with it the expectation that the value of gold will drop.

Commerzbank Corporates & Markets reportedly said this in a statement to clients:

The price of gold [is] under pressure. [...] Should the Fed actually signal an imminent rate cut next week by changing its communiqué and consequently give additional tailwind to the US dollar, this should put further pressure on the gold price.




With gold trending down, one has to wonder whether or not the “buy gold” craze of the recession years is finally over.

For the longest time there was a strong believe that the American economy could not recover and the dollar was doomed.

It was almost taken for fact that the best thing Americans could do to protect themselves was invest in as much gold as possible.



The panic appears to have subsided and as things move in a more positive direction for the American economy, it would be premature to assume that things will go terribly for the gold market.

It’s true that a strong dollar and higher interests means that gold is no longer a precious metal investors are seeking out for security, keep reading

Gold prices weaker in Asia with focus on Fed policies

Gold prices fell early in Asia on Monday as demand prospects waned with expectations that the U.S. Federal Reserve could raise interest rates within the first half of 2015.

On the Comex division of the New York Mercantile Exchange, gold for December traded at $1,228.60 a troy ounce, down 0.24%, after hitting a session low of $1,228.10 a troy ounce on Friday, a level not seen since Jan. 9.

Prices recovered on Friday to settle at $1,231.50, down $7.50, or 0.61%.

Upbeat U.S. economic data on Friday underlined optimism over the strength of the economy and fuelled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.

In a preliminary report, the University of Michigan said its consumer sentiment index rose to a 14-month high of 84.6 this month, from a reading of 82.5 in August.

The data came after a government report showed that U.S. retail sales rose 0.6% last month, in line with expectations.

Expectations that the Fed is growing closer to raising interest rates continued to boost the U.S. dollar against the yen and the euro, with the Japanese and European central banks likely to stick to a looser monetary policy stance.

In the week ahead, investors will be focusing on the outcome of Wednesday’s Fed policy meeting. Fed Chair Janet Yellen was to hold a press conference following the meeting.

The central bank was expected to cut its asset purchase program by another $10 billion, which would keep it on track for winding up the program in October, and to start raising interest rates sometime in mid-2015.

Silver for December delivery fell 0.14% to $18.583 a troy ounce.

Copper for December delivery slumped 0.80% to $3.080 a pound.

Data released over the weekend showed that industrial production in China rose at an annualized rate of 6.9% in August, missing estimates for a gain of 8.8% and slowing from an increase of 9% a month earlier.

Fixed asset investment, which tracks construction activity, rose 16.5% in the January-August period, below expectations for a gain of 16.9% and slowing from 17.0% in the January-July period. Keep Reading

Obama: If Assad Defends Against US Attack, US Will Attack

Only hours after delivering his ridiculous address to the American people regarding his strategy to combat an organization that is entirely the product of the United States and NATO and one that is still under complete control of these powers, Obama conducted a meeting with “foreign policy experts,” former government officials, and journalists.

The meeting, of course, is nothing more than round two in the volley of propaganda coming from the White House in its attempt to drum up more support from the American people for direct military intervention in Syria and an open use of U.S. military forces against the secular government of Bashar al-Assad. All of those within an ear’s reach of the reports regarding Obama’s meeting should be firmly aware that it is nothing more than an attempt to milk the original speech for more propaganda against Assad’s Syria and provide a since of inevitability about the coming conflict there.

With that in mind, Obama stated to those in the “after party” meeting, that if the Syrian government were to shoot down American military planes – American military planes engaging in aggressive air strikes on Syrian soil – then the United States would be forced to “wipe out” Syria’s air defenses. Obama also added that an attack against the Syrian air defenses would be a much easier task than attacking his pet ISIS terrorists and other related groups. Obama pointed out that eliminating Syria’s air defense capabilities would lead to his ouster and the overthrow of the Syrian government.

Essentially, Obama stated that the United States would violate Syrian sovereignty by launching airstrikes inside Syria allegedly for the purpose of bombing the terrorist group that was created, funded, and directed by the United States to overthrow the Syrian government. If Assad dares to defend his country against both an American destabilization of terrorism and aggressive American airstrikes, then the United States would retaliate against Assad’s retaliation.

Assad has been defending Syria from an American attack since as far back as 2011 in earnest and even further back in terms of the roots and implementation of the strategy.

It is interesting to note that the U.S. and NATO should be so interested in Syria’s air defenses at the same time that the death squads have focused on the Taqba Airbase in Raqqa province. Particularly when viewed in context of the recent goal of engaging in targeted airstrikes inside Syria.

For those who may not see the pattern – while the United States and NATO deliberated engaging in targeted airstrikes in Syria, and the Syrian government subsequently states its opposition to those attacks and its intentions to shoot down the planes delivering those strikes if they do not coordinate with the Syrian government, death squads have effectively eliminated the air defense capability of the Syrian government in the east of the country.

After all, the Pentagon even stated that one of the biggest threats to an airstrike operation in Syria is the Syrian government’s air defenses. Thanks to ISIS, those air defenses no longer exist in the east of Syria.

This was the end game of the ISIS battle to take over Taqba from the start – eliminate air defenses so that the NATO powers can launch airstrikes against the Syrian military and thus freeing up a launching pad for the terrorists to conduct attacks even deeper into Syria.

It is important to point out that the Islamic State is not some shadowy force that emerged from the caves of Afghanistan to form an effective military force that is funded by Twitter donations and murky secretive finance deals. IS is entirely the creation of NATO and the West and it remains in control of the organization.

As Tony Cartalucci writes in his article “Implausible Deniability: West’s ISIS Terror Hordes In Iraq,”

    Beginning in 2011 - and actually even as early as 2007 - the United States has been arming, funding, and supporting the Muslim Brotherhood and a myriad of armed terrorist organizations to overthrow the government of Syria, fight Hezbollah in Lebanon, and undermine the power and influence of Iran, which of course includes any other government or group in the MENA region friendly toward Tehran.

    Billions in cash have been funneled into the hands of terrorist groups including Al Nusra, Al Qaeda in Iraq (AQI), and what is now being called "Islamic State in Iraq and Syria" or ISIS. One can see clearly by any map of ISIS held territory that it butts up directly against Turkey's borders with defined corridors ISIS uses to invade southward - this is because it is precisely from NATO territory this terrorist scourge originated.

    ISIS was harbored on NATO territory, armed and funded by US CIA agents with cash and weapons brought in from the Saudis, Qataris, and NATO members themselves. The "non-lethal aid" the US and British sent including the vehicles we now see ISIS driving around in.

    They didn't "take" this gear from "moderates." There were never any moderates to begin with. The deadly sectarian genocide we now see unfolding was long ago predicted by those in the Pentagon - current and former officials - interviewed in 2007 by Pulitzer Prize-winning veteran journalist Seymour Hersh.< Hersh's 9-page 2007 report, "The Redirection" states explicitly:

        To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has cooperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda.

    "Extremist groups that espouse a militant vision of Islam" and are "sympathetic to Al Qaeda" - is a verbatim definition of what ISIS is today. Clearly the words of Hersh were as prophetic as they were factually informed, grounded in the reality of a regional conflict already engineered and taking shape as early as 2007. Hersh's report would also forewarn the sectarian nature of the coming conflict, and in particular mention the region's Christians who were admittedly being protected by Hezbollah.

While Hersh’s report was written in 2007, knowledge of the plan to use death squads to target Middle Eastern countries, particularly Syria, had been reported on even as far back as 2005 by Michael Hirsh and John Barry for Newsweek in an article entitled “The Salvador Option.”

Regardless, Cartalucci states in a separate article, “NATO’s Terror Hordes In Iraq A Pretext For Syria Invasion,”

    In actuality, ISIS is the product of a joint NATO-GCC [Gulf Cooperation Council] conspiracy stretching back as far as 2007 where US-Saudi policymakers sought to ignite a region-wide sectarian war to purge the Middle East of Iran's arch of influence stretching from its borders, across Syria and Iraq, and as far west as Lebanon and the coast of the Mediterranean. ISIS has been harbored, trained, armed, and extensively funded by a coalition of NATO and Persian Gulf states within Turkey's (NATO territory) borders and has launched invasions into northern Syria with, at times, both Turkish artillery and air cover. The most recent example of this was the cross-border invasion by Al Qaeda into Kasab village, Latikia province in northwest Syria.

Cartalucci is referring to a cross-border invasion that was coordinated with NATO, Turkey, Israel, and the death squads where Israel acted as air force cover while Turkey facilitated the death squad invasion from inside its own borders.

Keep in mind also that, prior to the rapid appearance and seizure of territory by ISIS in Syria and Iraq, European media outlets like Der Spiegel reported that hundreds of fighters were being trained in Jordan by Western intelligence and military personnel for the purpose of deployment in Syria to fight against Assad. The numbers were said to be expected to reach about 10,000 fighters when the reports were issued in March, 2013. Although Western and European media outlets would try to spin the operation as the training of “moderate rebels,” subsequent reports revealed that these fighters were actually ISIS fighters.

Western media outlets have also gone to great lengths to spin the fact that ISIS is operating in both Syria and Iraq with an alarming number of American weapons and equipment. As Business Insiderstated, “The report [study by the London-based small arms research organization Conflict Armament Research] said the jihadists disposed of ‘significant quantities’ of US-made small arms including M16 assault rifles and included photos showing the markings ‘Property of US Govt.’” The article also acknowledged that a large number of the weapons used by ISIS were provided by Saudi Arabia, a close American ally.

In the end, Barack Obama's statements of aggression and duplicity should come as no surprise to informed observers. The Western-backed terrorist organization known as ISIS is being used as an excuse to continue American Imperialism in the Middle East and to justify a military strike on Syria.
activistpost

The Global Ticking Time Bomb, Economic War & World War III

As the world continues to move into uncharted territory, today a 40-year market veteran sent King World News a tremendous piece which warns about a global ticking time bomb, economic war, and World War III.  He also covers the gold and silver smash.  Below is what Robert Fitzwilson, founder of The Portola Group, had to say in this exclusive piece for King World News.

(King World News)The Global Ticking Time Bomb, Economic War & World War III

“Life is like arriving late for a movie, having to figure out what was going on without bothering everybody with a lot of questions, and then being unexpectedly called away before you find out how it ends.” ― Joseph Campbell, Creative Mythology

Joseph Campbell was an American mythologist, athlete, lecturer and writer. Before his death in 1987, he had taught for 38 years at Sarah Lawrence College. One of the characters buried deep in history that Campbell studied was a man named Lucius Quinctius Cincinnatus known to most as simply “Cincinnatus.” Campbell was intrigued by both the mythology surrounding Cincinnatus as well as the hero. Campbell wrote extensively about the concept and role of the hero, and Cincinnatus certainly was that both to the Romans of 2,500 years ago as well as to relatively contemporary figures such as George Washington and Harry Truman.

Cincinnatus was the archetype of the citizen soldier. The Roman system of government during his day relied upon power sharing between the senate and two appointed consuls. The consuls shared power for one year, dividing decision making every other day. Each consul had the power to nullify the others proclamations. The system was designed to minimize the chance of a return to the hated monarchies leading up to this era.

The one exception was in time of threats to the state. In such cases, a dictator would be appointed. The dictator had absolute power. Cincinnatus was given such powers on two occasions. Recruited from his modest farm, he abandoned crops in the field to defeat Rome’s enemies. At the end of each period, he relinquished his power and returned to his farm.

During the period leading up to the Revolutionary War in the United States, classicism was undergoing a revival among those with formal educations stimulated by amazing archaeological discoveries made on the Italian peninsula. The arts were most definitely impacted, but a renewed interest in the Roman forms of government played a significant role in the documents, symbolism and postwar transition that grew out of the Revolution.

George Washington found himself, as did Cincinnatus, with de facto dictatorial power at the end of the Revolutionary War. Using the example of the Roman hero, Washington relinquished his power and went home to his estate as did Cincinnatus. The name of Cincinnati, Ohio has its roots in the Society of Cincinnatus that emerged after the war. The Society was set up to broaden the citizen soldier concept to the troops and officers being decommissioned after the War.

But right now there appear to be no heroes on our horizon. The post-WWII and post-Cold War eras are devolving before our eyes. Centuries-old political alliances are breaking apart in Spain and the United Kingdom. The markets continue to be more brazenly and openly manipulated with no regulatory or legal responses, as we have seen with the most recent moves in the oil and precious metals markets. Even the Pope came out over the weekend to state what we all know or should know, that World War III is upon us.

We see war physically in places such as Ukraine and the Middle East. We see it monetarily in the war over the reserve currency played out in the precious metals and fiat currency markets. We see political war in the manipulation of the price of oil.

We hear that the price of oil is down due to weakening economies and increasing production in the United States. The increased production is a good thing for the United States, but the increased production represents less than 2% of global demand. The global demand is actually increasing, after a slowdown for a month earlier this year. The budgets for the key oil producing countries require a triple-digit price to make ends meet, Russia in particular. Saudi Arabia requires a third of their production just for domestic needs that cannot be exported. We suspect that the decline in the price of oil is not supply or demand related, but simply a form of warfare to hobble Russia’s economy. So we remain very bullish on the long-term price of oil.

As for precious metals, the recent smash could also be aimed at the currency antagonists of the West, particularly Russia and China. Those two nations, along with India, own the lion’s share of the world’s stock of gold and silver. Driving the price down to tarnish the role of precious metals makes perfect sense if you want to keep printing money out of thin air without constraints. As with oil, there is no economic basis for the price of precious metals being this low. It is simply collateral damage from war between the major powers.

Oil and precious metals should continue to be accumulated for the day when prices reflect economic reality. As Campbell says in his quote above, we are all just trying to figure this out, and hoping to be around when the answers are known. In the meantime, don’t fall prey to the meme that there is a rationale for existing stock, bond, energy and precious metals prices. The central planners have created a ticking time bomb through market manipulation that could ignite at any moment.”

Child sex robots be used to treat Paedophiles?

Could child sex robots be used to treat paedophiles? Researchers say sexbots are inevitable - and could be used ‘like methadone for drug addicts’
  • Robotics experts said the 'sexbots' that resemble children were inevitable
  • Claims child sex bots will significantly reduce the number of people overall who abuse children
  • Predict animal sex bots and disabled sex bots will also be developed
Kodomoroid read the news without stumbling once and recited complex tongue-twisters glibly. The robots, designed with a girlish appearance, can use a variety of voices, such as a deep male voice one minute and a squeaky girly voice the next



Paedophiles could be given realistic child sexbots as part of their treatment, it has been claimed.
Leading robotics experts say the emergence of 'sexbots' that resemble children is inevitable.

They believe they could form an important part of treatment plans for paedophiles.

'We’ve had sex toys for as long as mankind, and womankind, have been around,' said Ron Arkin, Georgia Tech’s Mobile Robot Lab director, speaking on a robot ethics panel at Berkeley.

'Child-like robots could be used for pedophiles the way methadone is used to treat drug addicts,' Arkin said, according to Forbes.

He said researchers should begin testing potential therapies.

'There are no presumptions that this will assuredly yield positive results – I only believe it is worth investigating in a controlled way to possibly provide better protection to society from recidivism in sex offenders,' he said.

'If we can save some children, I think it’s a worthwhile project.'

Ben Way, a robotics expert whop recently wrote a book called 'Jobocalypse: The End of Human Jobs and How Robots will Replace Them,' told MailOnline that child sexbots were inevitable.
'There is no doubt that child sex bots will become available, and the line and distinction between an adult sex bot and a child sex bot is impossible to police.

'Will child sex bots lead to some people acting out their dark and disgusting desires on real children? Yes, but I suspect having child sex bots will significantly reduce the number of people overall who abuse children.

10,000 Year Old Rock Paintings Depicting Aliens And UFOs Found In Chhattisgarh, India

10,000 Year Old Rock Paintings Depicting Aliens And UFOs Found In Chhattisgarh, India

Chhattisgarh state department of archaeology and culture plans to seek help from ISRO for research on 10,000-year-old rock paintings depicting aliens and UFOs in Charama region in Kanker district in tribal Bastar region.

Located about 130km from Raipur, the caves come under village Chandeli and Gotitola.



There are several beliefs among locals in these villages. While few worship the paintings, others narrate stories they have heard from ancestors about "rohela people" — the small sized ones — who used to land from sky in a round shaped flying object and take away one or two persons of village who never returned.



"The paintings are done in natural colours that have hardly faded despite the years. The strangely carved figures are seen holding weapon-like objects and do not have clear features. Specially, the nose and mouth are missing. In few pictures, they are even shown wearing space suits.





U.S. Government Officially Acknowledges Existence of Area 51 for First Time

National security scholars at George Washington University have some good news and bad news for UFO buffs - the U.S. government has finally confirmed the existence of Area 51 in Nevada, but it makes no mention of little green men or alien spaceships.

The government acknowledged the existence of the mysterious aviation test site known as Area 51, a remote installation about 80 miles northwest of Las Vegas, in a newly declassified CIA history of its U-2 spy plane program.

 

After decades of extreme secrecy surrounding the site, stoking conspiracy theories about UFOs and experiments on alien spacecraft, the CIA lifted its veil on Area 51 in response to a public records request from George Washington University scholars in Washington, D.C.

Publicly released online on Thursday by the university's National Security Archive, the 400-page CIA history contains the first deliberate official references to Area 51, also known as Groom Lake, as a site developed by the intelligence agency in the 1950s to test fly the high-altitude U-2 reconnaissance plane.

 

Other top-secret aircraft were tested there later, including the supersonic reconnaissance A-12 aircraft, code-named OXCART, and the F-117 stealth ground-attack jet, said archive senior fellow Jeffrey Richelson, who asked for the CIA's U-2 history in 2005.
 

A newly revised document restoring numerous references to Area 51 that had been redacted in earlier versions was furnished by the CIA a few weeks ago, he said.  
"It's the first time that there must have been a senior-level decision to acknowledge the term 'Area 51' and its specific location" he told Reuters on Friday.
 

Chapter 2 of the CIA history recounts how Richard Bissell, the CIA officer then overseeing development of the U-2 plane by Lockheed, first spotted the site on an aerial scouting mission over Nevada in April 1955, accompanied by an Air Force officer and two others.
 

The four men landed their plane near an old, abandoned air strip at the edge of a salt flat known as Groom Lake near the northeastern corner of the Nevada Test Site, the nuclear proving ground then controlled by the Atomic Energy Commission.
 

IDEAL TEST SITE
 

The group agreed that Groom Lake would "make an ideal site for testing the U-2 and training its pilots" Bissell subsequently asked the Atomic Energy Commission to add the area to its Nevada real estate holdings, the account says.


"AEC Chairman Admiral Lewis Strauss readily agreed, and President Eisenhower also approved the addition of this strip of wasteland, known by its map designation as Area 51, to the Nevada Test Site" the document says.

To make the barren new facility seem more appealing to its workers, managers of the U-2 program dubbed the facility "Paradise Ranch" which was later shortened to "the Ranch"


Photos of the site and a newly declassified map outlining and labeling the location were also included in the document.


Richelson said he could recall at least two previous government documents in which an incidental reference to Area 51 appeared, but he assumed those were inadvertent because they were devoid of any other details or context.


The multiple detailed references to Area 51 in the latest CIA account - the document's index lists at least 12 mentions - show that they were deliberate, he said.


The intelligence agency had little to say about the disclosure.


"What readers of the CIA study will find is that CIA tests its U-2 and A-12 reconnaissance aircraft at the site in Nevada sometimes referred to as 'Area 51,'" CIA spokesman Edward Price said. "What readers won't find are any references to aliens or other conspiracy theories best left to the realm of science fiction"


Among the more sensational pieces of UFO conspiracy lore linked to Area 51 is that the remains of a flying saucer that supposedly crashed near Roswell, New Mexico, in 1947, were brought to the site for reverse engineering experiments that attempted to replicate the extraterrestrial spacecraft.


Richelson said the CIA document makes no mention of any such theories. But he pointed to one passage that discusses the relationship between U-2s and unidentified flying objects "in the sense that people sighted U-2s in a time that they were very secretive and at very high altitude and didn't know what they were, and in that sense they were UFOs"