China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.
The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.
Today acclaimed money manager Stephen Leeb, told KWN, “The world is rapidly heading toward what you would call a ‘de facto’ gold standard”and that we will see “shortages of silver over the next 5 to 10 years, massive shortages.”Leeb, who is Chairman & Chief Investment Officer of Leeb Capital Management, also told King World News that investors are now “looking toward what I believe is going to be the greatest bull market of our lifetime -- the one in junior miners.” But first, here is what Leeb had to say about the situation in Europe: “For a few hours after the Greek results were announced, investors were breathing a sigh of relief. Initially we saw a big uptick in stocks, commodities, but gold was trading lower. Then investors realized the elections didn’t mean a whole lot.”
Stephen Leeb continues:
“At that point you saw gold recover some, while stocks gave up the overnight enthusiasm they enjoyed in the futures markets. At the end of the day, Europe is a mess, and it is still up to the Europeans to decide what to do to get out of this situation.
The strongest evidence of the continued chaos in Europe is a chart of the Spanish bond yields. Spanish bond yields are now approaching 8%. That’s a crazy number.... How in the world can Spain engage in anything? How can they maintain growth in the face of austerity?
How can they do anything if they are paying 8% to borrow money? The short answer is they can’t do anything. Right behind Spain is Italy, a much bigger economy, and their bond yields are now north of 6%. How long before their yields go above 7%?
So the wolves are at the door and it’s the door to (German Chancellor) Merkel’s home. My guess is she is going to cave. The Mexican central banker, Ortiz, who is widely regarded as one of the clear thinkers, was quoted as saying they can stop the problem in Europe almost immediately, ‘by carrying out a massive round of government bond purchases.’
I think that’s where we have to go. In other words, just as our Fed has printed literally trillions of dollars by buying our bonds, the European central bank has to do something very similar.
Where will everybody turn to for safety in that atmosphere? Gold. I know China is turning to gold, they’ve been buying it hand over fist. In addition to being the world’s number one producer of gold, they are buying as much as they possibly can in the open market.
So I think the world is rapidly heading toward what you would call a ‘de facto’ gold standard. I think the winners are going to be those with precious metals. Investors can accumulate gold right now, but once the turmoil in Europe is over, just back up the truck.
Investors also need to remember these junior gold miners. Over the last couple of years the junior gold miners have been dreadful. There were many days when gold was up and the juniors were down.
Today we see gold is flat, but the junior miners are up about 3%. That kind of divergence is so unusual over the past two or three years. It tells you that investors are looking past whatever kind of turbulence you may see in Europe, and looking toward what I believe is going to be the greatest bull market of our lifetime -- the one in junior miners.
The same could be said for silver. Japan is just now putting in 3.2 gigawatts of solar. Now 3.2 gigawatts of solar is not a lot, but that small amount of solar requires about 400 tons of silver. That is just the first step in Japan. You know China will be coming in behind the Japanese with heavy solar use. What you are talking about here is shortages of silver over the next 5 to 10 years, massive shortages.
So people who are betting against fiat currencies, paper currencies, and betting on precious metals, I think their time is coming around again. I would urge all KWN readers globally, don’t make the mistake of selling your gold as it clears $2,000. The move will only be getting just started when gold reaches $2,000 to $2,200.
The people who make the really big money in these markets are those who hang on for the mania, and getting to $2,000 will not be a big deal. The bottom line is there could still be a little turbulence, but the lights are basically flashing green for gold, silver and junior mining shares.”
Bank of England Governor Mervyn King tonight announced two new stimulus/easing packages to be implemented by the central bank, and stated that “I want to make it clear that the Bank, through its discount window and other facilities, will provide banks with whatever liquidity they require given the prospect of turbulence ahead.”
King also announced a new lending facility called the Extended Collateral Term Repo Facility.
Massive fears of contagion? Check.
New loan facilities with incomprehensible (to the Average Joe) names and acronyms? Check.
This is starting to feel like 2008 again.
QE to Infinity…AND BEYOND!!! The Bank of England will launch two new stimulus packages in response to the worsening economic outlook, governor Sir Mervyn King has said. Together with the government, it will provide billions of pounds of cheap credit to banks to lend to companies. It will also offer banks access to short-term money to deal with “exceptional market stresses”.
Chancellor George Osborne said the measures would “inject confidence” into the financial system.
Iodine comes from the Greek Word ioeides which means violet. Iodine is the largest of the 25 elements that make up the human body. Our depleted soils and poor diets cause many people to be iodine deficient. Iodine is a water soluable essential trace element that is fairly rare in our soils, but abundant in the sea.
Because Iodine is water soluable it travels in the lymph fluid and delivers this critical element to every cell of our body. Iodone has the highest vibratory rates of all elements. It is usually one of the 4 most critically missing elements in humans.
What Does Iodine Do? Really, almost everyone is probably deficient in Iodine Iodine and certain natural healthy foods are goitrogens.
When these goitrogenic foods are eaten raw, they prevent iodine uptake by the thyroid gland, cooking does diminish this problem. Until Radioactive Iodine quits circling the earth, I'll skip these foods. It's important to consider adding Iodine rich foods If you eat a lot of the following: (以下食物防止典吸收, 所以須避免生吃或少吃為妙)
How Much Iodine Do I Need? According to the World Health Organization there are iodine deficiences in 54 countries. Processed foods lose their iodine content, and refined sugars have no iodine. Iodized salt can provide excess amounts.
The thyroid and other organs can't store iodine so your body need to have a little every day, about 150 microgram as a daily requirement. Too much iodine can be toxic.
Potassium iodide is available without prescription and may protect the thyroid against exposure to radioactive iodine if a sufficient amount is taken before or within 24 hours of the radiation exposure. It must continue to be taken every 24 hours until the emergency has passed. KI will not help with radiation damage to other parts of your body.The FDA has approved two different forms of KI, tablets and liquid, that people can take by mouth after a nuclear radiation emergency. Tablets come in two strengths, 130 milligram (mg) and 65 mg. According to the FDA, the following doses are appropriate to take after internal contamination with, or likely internal contamination, with radioactive iodine:
* Adults should take 130 mg tablets OR two mL of solution * Breastfeeding women should take the adult dose of 130 mg * Children 3 and 18 years of age should take one 65 mg tablet OR 1 mL of solution * Children who are adult size >150 pounds should take the full adult dose * Infants and children between 1 month and 3 years of age should take 1/2 of a 65 mg tablet OR 1/2 mL of solution * Newborns from birth to 1 month of age should be given 1/4 of a 65 mg tablet or 1/4 mL of solution
If you're unable to find an oral source of iodine, you can still put Betadine or other Iodine tincture on your skin. DO NOT DRINK IT! This method is said to block thyroid radioactive iodine uptake up to 99 percent. You can paint a patch on the abdomen, or on your throat above your thyroid, it will be absorbed into your skin.
Personally, I prefer super saturated Potassium iodide (SSKI) on the soles of the feet. Your body will absorb the amount that is needed and will deliver the KI to all organs of your body, including the thyroid gland. This is easy to do, can be done just before bed, you don't have to worry about taking too much. The acupuncture meridian lines loop through the feet and are very effective for delivery of herbs, oils & natural remedies.
High Iodine Diet
People in North America eat about 240 micrograms of Iodine daily. People in Japan eat about 12 milligrams (mg) daily or about 50 times more than North Americans.
Most Americans are iodine deficient and would need to consume 12.5 mg a day for 1 year in order to have sufficient whole body iodine levels.
The Japanese eat lots of seaweed and other sea vegetables which protect them from the harmful effects of radioactive iodine. For thyroid protection they should not need to take additional iodine supplements. Their abundant consumption of iodine rich foods helps their thyroid but more will be needed to protect their other organs from radiation damage.
High Iodine FoodsLevels of iodine in animal products will vary depending on the type of food given to the animal. This is an even more critical time to avoid grain fed, or soy fed animals. Soy is a goitrogen which will prevent iodine uptake into your thyroid gland.
* Consuming foods rich in natural iodine helps protect the uptake of radioactive iodine-131 * Iron inhibits the absorption of plutonium * Vitamin B12 inhibits cobalt * Sulfur is a preventative for sulfur-35, a product of nuclear reactors.I now include 1 tsp of MSM also beneficial for improved concentration, pain relief for headaches, arthritis or other inflammation, gastrointestinal relief, improved hair and nail growth, considered to be anti-aging, helps with increased wound healing, improves metabolism and insulin resistence.Eating these natural healthy foods will help supply sufficient iodine and boost other mineral levels. This is a very important time to ensure that you are eating organic food rather than pesticide sprayed or false foods. Iodine concentrations differ and are found to some degree in every living plant and animal.