CBC: Galati Takes on Bank of Canada

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Take special note of his comments on CMHC mortgage insurance and consider why the Canadian housing market is the hottest in the world. Homes are not going up in "value" they are going up from an expansion of the mortgages on bank balance sheets. Galati could be "the card" that brings down this "house of cards" economy? BK

Creditors Seize Cyprus Gold Reserves

The Telegraph:  Ambrose Evans-Pritchard

First they purloin the savings and bank deposits in Laiki and the Bank of Cyprus, including the working funds of the University of Cyprus, and thousands of small firms hanging on by their fingertips.

Then they seize three quarters of the country’s gold reserves, making it ever harder for Cyprus to extricate itself from EMU at a later date.

The people of Cyprus first learned about this from a Reuters leak of the working documents for the Eurogroup meeting on Friday.

It is tucked away in clause 29. "Sale of excess gold reserves: The Cypriot authorities have committed to sell the excess amount of gold reserves owned by the Republic. This is estimated to generate one-off revenues to the state of €400m via an extraordinary payout of central bank profits."   LINK...
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Sovereignty is disappearing around the world, soon there will be no such thing as an independent nation or an independent person for that matter. Be proactive and plan for the worst and hope for the best.   BK

Bank of Japan to Expand Monetary Stimulus

Bloomberg:  Bank of Japan (8301) governor nominee Haruhiko Kuroda said that the central bank will consider buying derivatives if he’s confirmed as governor and signaled a readiness for a quick expansion in monetary stimulus.  LINK...
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Yet another Central Bank to join the global trend of expanding money and credit in the hopes of stimulating the economy. This time it's not a small player, Japan is the fourth largest economy in the world and a major trading partner with the USA. The true value of paper currency's is under attack and the race to the bottom is underway. Gold and Silver are your only means of safety.   BK

Kyle Bass Explains Japan's Problems

Russia, Kazakhstan Increase Bullion Reserves for Fourth Month

Bloomberg   By Glenys Sim - Feb 25, 2013 6:53 AM ET
Central banks will again be strong buyers this year after they boosted purchases 17 percent to 534.6 tons last year, the most since 1964, according to the London-based World Gold Council.  LINK...
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Our U-Vault Account allows you to become your own Central Bank.   BK

Kyle Bass, The End Game is War

A straight to the point speech by Kyle Bass.  BK

http://youtu.be/JUc8-GUC1hY

Gold Radio Cafe

The Gold And Silver Financial Review
With economist Jeff Dunphy: viatao@gmail.com

Listen on Blogtalk:  HERE

Money Supply Explosion Will Lead to Accelerating Inflation

Originally posted on GoldMoney

In case you were wondering where inflation comes from and why things are getting more expensive? It's simple supply and demand folks. The more money and credit the Central Banks create the less "value" it has against consumer goods, and the result is...you guessed it, INFLATION! So who is to blame for inflation?
Your cost of living will never stop increasing as long as Central Banks are printing money. Now ask yourself if the return on your investment portfolio looks like this chart? If not, then you're losing money and the only way to protect your wealth is to become your own "Central Bank" and have GOLD/SILVER bullion in reserve, because Cantral Banks cannot just create gold by pushing buttons on a printing press or a computer!
People are being swindled and they don't even know it!   BK

Central Banks Make Biggest Gold Buy In Decades

Jack FarchY

London— Financial Times

Published Thursday, Nov. 17, 2011 7:08AM EST

Last updated Thursday, Nov. 17, 2011 9:48AM EST

The activity of central banks is one of the most important drivers of the gold market, but many banks disclose few details about the changes in their bullion reserves.

Central banks became net buyers of gold last year after two decades of heavy selling - a reversal that has helped propel the price of bullion to a high of $1,920.30 (U.S.) a troy ounce in September, up 600 per cent in a decade.

This year, led by emerging market central banks intent on diversifying their growing foreign exchange reserves, they are set to buy more gold than at any time since the collapse of the Bretton Woods system 40 years ago, the last time the value of the dollar was linked to gold.  LINK...
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WHY NOT YOU?

Equedia - Central Banking: The God That Failed

Freedom Watch with Judge Napolitano
The case for a currency war.Watch Video