Silver News

The Mission Of The Silver News Surfer Has Always Been & Will Always Be - To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!


ALERT: Lies, Propaganda and Cover-Up

November 12, 2013 9:02 am est

The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!

Now onto the business of protecting your wealth…

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In yesterday’s report, I had given you some resources with regard to the unemployment – It is imperative that you all understand this trick they are playing.

If the “price” of precious metals fluctuate so much with the release of the jobs reports, we must dig deeper into those numbers to determine the truth and decide if it’s OK to…

1) be a buyer of gold and silver here and 2) continue our patience in holding our accumulated stash or dump it, take our loss and get the heck out.

But who am I to be the one to guide you into either decision?

I am the Silver News Surfer. I research my tail off everyday to bring you what I believe in my core to be the truth. I’m not a Doctor and I don’t have a PHD, nor was I a former US Treasury official – But here is someone who is and it’s a mind boggling read on what I was trying to portray to you yesterday….

Dr. Paul Craig Roberts – “Massive Propaganda & Cover-up” – Well, Friday’s jobs report is part of that propaganda.  Already they are saying, ‘Oh my goodness, we had 2.8% economic growth in the 3rd quarter and so the Fed will probably start tapering.’  It’s all nonsense.

First of all, almost a full percentage point of the 2.8% growth rate is unwanted inventory accumulation.  They count this as economic growth — the buildup in inventories.  Well, inventories buildup because nobody is buying the stuff.  So, as nobody buys what they are trying to sell, the growth rate goes up.

Now, let’s look at the jobs they claim to have.  They gave the figure of 200,000 jobs, which was much higher than Wall Street had expected.  These are the same kinds of jobs they have been ‘creating’ for 10 years or even longer.  What are these jobs?  They are 44,000 retail clerks.  These are largely part-time jobs with no benefits.  They are 30,000 waitresses and bartenders.  They are 23,000 education and health services.  Then, there were 15,000 administrative and waste services jobs.

Now, when you have this kind of job creation for 10-to-15-years, which is all we’ve had, you are turning into a third world country.  This is the profile for a third world labor force.  The question is, did they really have 200,000 jobs created?  The answer is, no.

Now, the government has another measure called, ‘U6,’ that’s seldom reported.  It counts the short-term ‘discouraged’ people who have stopped looking for jobs.  That rate is almost double, at 13.8% unemployment.  This counts people who have been ‘discouraged’ for less than one year.

The government has no official rate that counts the long-term ‘discouraged,’ the people who have simply given up, long-term, finding a job because there are no jobs to find.  John Williams estimates that rate, using previous government methodology, at (a staggering) 23.5%.  So, the real rate of unemployment (23.5%) is over 3-times the reported government figure of 7.3%.  That’s the real picture, and it’s kept from people.  It’s not reported in the mainstream media because it goes against their intended propaganda.

If you look at the number of people on food stamps, that figure continues to rise.  It’s now about 11 million higher than it was just a few years ago.  If you find these kinds of figures that indicate growing hardship, you can’t just turn around and say you have 2.8% growth (laughter ensues once again).  This is all just part of the massive propaganda and continued cover up which is being orchestrated to hide the truth from the people.”

Read More Here

Sorry to beat a dead horse, but again, its imperative you know the truth so you can make better, more educated decisions.

10 Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind – Did you know that there are more than 102 million working age Americans that do not have a job?  Yes, I know that number sounds absolutely crazy, but it is true.

Right now, there are more than 11 million Americans that are considered to be “officially unemployed”, and there are more than 91 million Americans that are not employed and that are considered to be “not in the labor force”.  When you add those two numbers together, the total is more than 102 million.  Overall, the number of working age Americans that do not have a job has increased by about 27 million since the year 2000.

But aren’t things getting better?  After all, the mainstream media is full of headlines about how “good” the jobs numbers for October were.  Sadly, the truth is that the mainstream media is not being straight with the American people.  As you will see below, we are in the midst of a long-term unemployment crisis in America, and things got even worse last month.

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We’re not sure how the government can report GDP and payroll numbers this absurd and expect anyone to believe them! 

There you have it. So if the numbers are skewed to cover up the real problems, what’s really going on with the demand side of gold?

Glad you asked…

China’s central bank may have secretly bought 300t of gold this year – and it wasn’t true, then why did this Gold Vault Open in China as Bullion Goes From West to East

Even India’s Reserves Are Misleading – There is much more than meets the eye

So,nothing has changed on the demand side for gold, especially with the powerhouse countries. The only thing that may have changed is the demand may have gone up.

Precious Metals at 3 year lows and equities at all time highs… hummm, what’s an investor to do? Even SocGen says S&P 500 is going nowhere, except down

I urge you my friends and followers, pay attention to the facts, not the propaganda.

Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….

Now, onto the breaking news that matters…

The Next Wave Of Massive Wealth Destruction Is Imminent – Turning to global stock markets, they are booming.  Property markets are also booming in most countries.  So, right now there is the 1% that believes in wealth preservation and precious metals, and there is the other 99%, which is now caught up in chasing the last of the global stock market run.  But we can see the inevitable outcome.  So, even though the rest of the world is benefitting from the boom in equities and property values, they don’t understand that it is simply because of the massive liquidity injection and increasing credit.

Investors don’t realize that stocks and bonds are in an enormous bubble, and they will begin a massive fall starting in 2014.  So, there is no fear amongst investors right now.  In the midst of all of this short-term thinking, the people in the wise countries, the Indians and the Chinese, they are buying enormous quantities of physical gold, and even silver.

But in the West, people continue to chase stocks as the Western central planners continue depressing the paper price of gold in order to keep the short-term party in equities going.  This will all change in 2014, and the paper players will be left with a disastrous hit to their portfolios as the next wave of massive wealth destruction kicks into high gear.  That is when gold and silver investors will see the tide turn dramatically in their favor.

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Sprott: Sociopathic Western Central Planners Creating Hell On Earth – On Thursday they came forward with an upward revision of the 3rd quarter GDP, from 2.3%, to 2.8% — all of which was driven by business inventory accumulation and less imports.  Neither of those are a positive indication of economic activity, and yet this was used as a cover to drive gold down some $20 to $30 that day.

And the vast majority of the drop occurred on the Comex, as 16,000 contracts were dumped in the first 5 minutes of trading.  That’s 1.6 million ounces of paper gold, which is 2% of the entire annual global production of gold.  No market can withstand that kind of artificial pressure.

This wasn’t some profit-seeking seller.  Instead, it was somebody intentionally manipulating the price lower on bogus economic numbers.  So, they upped the ante the next morning and came forward with this phony jobs number, which was twice what the consensus was expecting.  All of this so-called job growth was taking place in an economy where the consumer is in fact shrinking.

So, none of these numbers that are being reported by the US government can be trusted.  It appears that they just report whatever they have to in order to get a market reaction.  Regardless, on Friday morning they dumped 20,000 contracts in the first 5 minutes of trading on the Comex.  Well, not surprisingly the gold price fell another $20 at that time.

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Chris Martenson Warns “There Is Nothing More Important Than Understanding This…” – Having watched Mike Maloney’s “Secrets Of Money” Chris Martenson discusses the critical aspects of the must-watch episodes. Crucially, as we enter a period of apparent Nirvanic equity markets (and dystopian ‘real’ economics), Martenson’s points on the “unnecessarily complex monetary system” that we have today are summed up by his statement that “there is nothing more important that understanding how our money system operates… and why it will fail us.”

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Is It Time To Jump Back Into The Gold Market? – It’s not just the U.S. Mint that is experiencing strong demand for gold coins. The Perth Mint in Australia is one of the biggest mints in the global economy. The Mint’s sales and marketing director, Rob Currie, said, “We’re desperately trying to keep up with production.”

I haven’t even gotten into strong demand from India and China for gold bullion! So gold bullion demand is as strong as ever. With demand rising, supply declining, and prices remaining stressed for gold bullion. Irrationality prevails in the gold bullion market. I say this because the basic fundamentals of the price don’t really matter these days as the precious metal is becoming a constant victim of manipulation…but that can only go on for so long.

Smart investors are those who are building up their positions in the gold sector now by looking for deals. The price pullbacks we saw in April and again in June of this year have provided a great buying opportunity for investors to jump back into the gold bullion market.

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