The Australian situation is ridiculous given our limited population size: Australia Gets ‘Extreme’ Warning https://www.ainsliebullion.com.au/gold-silver-bullion-news/australia-gets-e2... AINSLIE BULLION Posted | 14/10/2016 Back to News If you missed it earlier this week, fresh off the IMF’s warnings (which we discussed here), ratings agency Standard & Poors (S&P) has joined them issuing us with a dire warning on our debt exposure. S&P’s warned our debt, both public and private, has hit “extreme” levels and puts us in the unenviable position as one of the worst in the world. In their words: “Australia would have one of the weakest external positions of the 130 sovereigns that we rate.” As we have reported previously, Australia’s net foreign debt has surpassed the trillion dollar mark at $1.045 trillion, up from $976b in just the 12 months to June. The implications are numerous. S&P’s warning joins both Fitch and Moody’s ratings agencies that we are on our final warning on our AAA ratings. You need to understand that losing that rating is not a slap on the wrist but has the dual effect of automatically increasing the cost of servicing that mammoth debt bill but also a larger potential issue of capital withdrawal on a loss of faith in our economy as a safe haven. S&P also draw a clear comparison between us and Spain. Like us Spain borrowed heavily in the domestic housing market which, like us, saw soaring property prices and a general misconception that debt doesn’t matter when it’s in housing, as many ‘learned’ commentators will offer when dismissing our title of worlds highest personal debt to GDP. We don’t need to tell you how that worked out for Spain (really really badly if you don’t. They are the S in the notorious Euro basket case ‘PIGS’). S&P call such investment ‘unproductive’. Whilst they didn’t discuss it we remind you that our total national debt is now just over $6 trillion. In the last 5 years that has risen $2 trillion, a 50% increase. Over that same period our actual GDP growth was around $350 billion. In other words it’s taken nearly $6 of debt to generate $1 of economic activity. Can you see now why they are worried? It doesn’t make us particularly different to other countries but that ratio is about double that of the US which attracts most of the tutt tutting. What frustrates all of this is our treasurer in the very same week S&P’s issue this warning was telling an audience at the IMF & World Bank that: "There is not an economy in the G20 or other wise that would not want to be Australia at the moment and would not want to have the strong financial and banking system that ensures that we can have the resilience to ensure we underpin jobs and growth in this country," S&P bluntly rebutted this: “The government will point out that its fiscal position is strong — but it’s not quite as strong as it used to be….And you don’t want to have your fiscal situation adding fuel to the fire on the external side.” i.e. get your act together Australian government or you will lose that coveted AAA. ---- Leonce Kealy Honorable Member of the Electors' Parliaments of Australia Cell: 0419643489 Int'l Cell: 61419643489 Gmail: eireuklk@gmail.com Also read daily: http://www/freestatevoice.com.au/ Shooters Join: http://www.shootersunion.com.au/

( " Every True American owes it to himself/herself, to his or her country, and to the people of the world for that matter, to study this decision very carefully and to understand it, for upon it hangs the question of freedom or slavery " See near end of email for run down on Credit River Case / Decision. ) On Mon, Oct 10, 2016 at 03:51:03PM +1100, Zenaan Harkness wrote:

Dollar Disaster Looming: China and Russia’s Currencies Break Away. http://uncensored.co.nz/2016/09/10/dollar-disaster-looming-china-and-russias...

Next updates in this ongoing saga: Putin "Buys The Dip" - Russia's Gold Buying In October Largest This Millenium http://www.zerohedge.com/news/2016-11-23/putin-buys-dip-russias-gold-buying-... http://www.goldcore.com/uk/gold-blog/russia-gold-buying-october-biggest-mont... " Russia gold buying accelerated in October with the Russian central bank buying a very large 48 metric tonnes or 1.3 million ounces of gold bullion. This is the largest addition of gold to the Russian monetary reserves since 1998 and could be seen as a parting 'gift' by Putin to his rival ex-President Obama. The Russian central bank gold purchase is the biggest monthly gold purchase of this millennium. ... Comment: Don´t forget the Netherlands. They got 120 tons for never mentioning MH17 again. " ~2yrs historical Russian gold-buying history, and China comparison: https://smaulgld.com/russia-gold-reserves-october-2016/ And how the german chancellor, after the 1929 Wall Street stock market crash, rescued the economy, defied the bankers, and had to be made the worst person in the world: http://www.radicalpress.com/?p=1389 How Hitler defied the Bankers: http://www.youtube.com/watch?v=_Xw6co8E2_w full transcript: https://archive.org/stream/HowHitlerDefiedTheInternationalBankers/HowHitlerD... "Had to be made the worst person in the world" should really be read "the sovereign money power reclaimed had to be removed by force of war, so that Germany would pay her "interest" to the private bankers that financed and continue to finance, every war on earth". The following blog puts the position of the global banking elite who demand interest on the "money" they loan - notice the sleight of hand tactics used, for example the strawman that is built at the very start "There is the widespread notion that Hitler was fighting the Money Power and that he was a problem for the Bankers because he created a Usury free economy" which although an intention, was not able to be properly manifested due to Germany's defeat in WWII: https://realcurrencies.wordpress.com/2013/09/16/hitlers-finances-and-the-myt... All wars are bankers' wars: http://whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php " The modern banking system manufactures money out of nothing. " What is --usury--? Usury used to mean interest of any kind. Today, usury means "unethical" loans that unfairly enrich the lender. The fiat "fractional reserve banking based loans" that the banks do today, are unethical in the extreme: - your deposits are never loaned out - when someone signs to a loan agreement, that is a "promise to pay" - a promise to pay is an asset on the books of anyone who holds that promise to pay - the "fractional reserve" means the ratio of loans to assets on the books - "assets on the books" are sometimes ambiguously and deceptively called collectively as "deposits", but that is a blunt deception In summary, loans by banks are made 'against' "money" which is the money or 'asset' created by the actual instrument used (loan agreement) to create the loan. Check out the Credit River Case / Decision: https://en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Daly This Wikipedia page says: - "Because the Credit River decision was nullified" (on a so-called appeal) and fails to address any of the real controversy, nor the controversy around the "appeal". This Wikipedia page also then goes and asserts: - "Such groups argue the case demonstrates that the Federal Reserve System is unconstitutional." On digging a little deeper, we find some very interesting facts on the ground which demonstrate the truth of the Credit River case, and why it is unlikely to be challenged: - The first 2 Justices were disqualified by Affidavit of Prejudice. - The first by the writer and the Second by the Bank. - A third one refused to handle the case. - It was then sent, pursuant to law, to Martin V. Mahoney, Justice of the Peace, Credit River Township, Scott County, Minnesota, who presided at a Jury [of 12] trial on December 7, 1968 - The banker testified about the mortgage loan given to Jerome Daly, but then Daly cross examined the banker about the creating of money "out of thin air," and the banker admitted that this was standard banking practice. - Quote from the judgement: "Mr. Morgan [Plaintiff] admitted that all of the money or credit which was used as a consideration was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneapolis, another private Bank, further that he knew of no United States Statute or Law that gave the Plaintiff the authority to do this. Plaintiff further claimed that Defendant by using the ledger book created credit and by paying on the Note and Mortgage waived any right to complain about the Consideration and that the Defendant was estopped from doing so. "At 12:15 on December 7, 1968 the Jury returned a unanimous verdict for the Defendant [Daley]." Now, the (further) reasons why this is unlikely to every be heard again, unless there is a massive and widespread groundswell / grassroots movement: - Justice Mahoney was poisoned to death less than 6 months later - this is a loud message to any human who would consider hearing such a case against in the future (See here for the full Credit River case details: http://www.constitutionalconcepts.org/creditriver.htm " Every True American owes it to himself/herself, to his or her country, and to the people of the world for that matter, to study this decision very carefully and to understand it, for upon it hangs the question of freedom or slavery " ) -- Certified Deplorable Fake News Nazi (TM)(C)(R) Executive Director of Vice, Ministry of Winning Shilling for buxom Russian swastika clad minxes since 1488

Interview with "Mr. Gold" Jim Sinclair of jsmineset.com (57 years trading in the USA and world markets) https://www.youtube.com/watch?v=T7VD2z7jDNg " OTC (over the counter) derivatives (whatever that means), have grown massively, beyond world money availability; this has no precedent " " capitalism is dead as a doornail; and when you've killed markets [the case asserted], you've killed the golden goose; when these 'geniuses' from schools of technological background, not of an economic background, started to control the markets, what there is and has been is a shark eating fest; and at first it eats the investors, not a lot of them around, and then after it finishes eating the investors, it eats the speculators now the sharks are having a wonderful time - that's the international investment banks and institutions and hedge funds - but there comes a time when you've destroyed every group except one - you; right now, they're eating each other, and the eventuality is, getting back to your steam pot, there's gonna be a day, when there's only one shark left, one very fat shark left, and what happens next? that shark starves to death because it ate all the food; so the end of this is the explosion of that steam cooker, which is called "capitalism". " " Q: Could rising rates cause the pressure cooker to get closer to exploding? A: If rates break free|three [not sure], it's going to turn the algorithms away from everything else, onto one thing: the largest market in the world - interest rates; and you're gonna have the fastest moving interest rates, just like when Trump was elected - that's what the interest rate market is gonna look like; and that's gonna have an impact on every single derivative that's out there because every derivative has an interest rate criteria So you have a pressure cooker bomb cooking ... and it makes gold a storehouse of value, not a currency, just a storehouse of value, turns it into a savings account, the only one that will work " " the bond market is going to explode ... including equities " " Russia, Singapore, China [gold holders] will determine the new markets after the crash " " the system is broken; there is no repair " " Q: Could we end up with a Mad Max type scenario, until the new system which will be something ancient [gold], until that new system takes hold? A: All at the same time, yes. Because when it gets so bad, as it did in Weimar [Republic], people will accept something as a solution, which is really not a solution; the Rentenmark was no solution; the Rentenmark which was said to own the real estate of Germany, did not own the real estate of Germany, but it turned the whole thing around. " " there are no markets, it's gonna blow, and you better be ready " --------------- 5 to 7 years, for Russia, China and India to completely reject dollars and euros, thereafter take payments in national currencies instead.

From the halls of Pravda no less.

Russia, India and China prepare a strike against dollar http://www.pravdareport.com/video/02-12-2016/136333-russia-0/ Similar: Russia, China and India work on major yet natural attack on US dollar http://www.pravdareport.com/news/business/finance/02-12-2016/136320-russia_c... --------------- Markets going nuts: http://www.zerohedge.com/news/2016-12-05/what-happens-next as easy NIRP and ZIRP money keeps pumping stock bubbles: http://www.zerohedge.com/news/2016-12-05/wall-street-analysts-are-slowly-los... A great S&P 500 regression graph, 1872+ https://www.advisorperspectives.com/images/content_image/data/ab/abe4dd41fa2... from the comments: A market that does not go down on bad news is euphoric... a classic last stage of a bull-market. "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." VIX no longer useful guage of market fear/risk, USD is instead, says BIS/ Bank of International Settlements: http://seekingalpha.com/article/4028329-vix-dead " The situation the BIS and others are talking about isn't really a secret, and many are concerned about this situation. However, crises have a tendency to take longer to materialize than people expect, so it's entirely feasible that for the moment, the more optimistic reading of BlackRock turns out to be right. On the other hand, when crises do emerge, they are usually triggered by something that in itself wasn't really all that significant, and these financial crises tend to spread way faster than people imagined. This is especially true in the heavily leveraged and interlinked global financial system of today where lots of people will run for the same exit at the same time. " --------------- Deutsche Bank CEO: http://www.zerohedge.com/news/2016-12-05/deutsche-bank-ceo-warns-employees-e... "The environment remains uncertain with a number of potentially frosty developments. The result of the constitutional referendum in Italy is a harbinger of renewed turbulence that could spill over from the political arena to the economy – with Europe particularly endangered." -- Certified Deplorable Fake News Nazi (TM)(C)(R) Executive Director of Vice, Ministry of Winning Shilling for buxom Russian swastika clad minxes since 1488