Outlook for Dollar Not Good-James Turk

10By Greg Hunter’s USAWatchdog.com 

Gold expert James Turk says the U.S. dollar is not going to stay strong. Turk contends, “Canada, one of the closest allies of America, just announced a Chinese trade arrangement to deal in Chinese yuan with Canadian dollars.  That bypasses the U.S. dollar.  So, the outlook for the U.S. dollar is not good, despite this temporary strength that we are seeing now. It’s not good and, to me, the writing is on the wall for the dollar.” 

Turk goes on to say, “What the U.S. government will do, though, is everything in its power to protect the dollar’s position, and that means more capital controls.  There are already capital controls in place.  It’s almost impossible for a U.S. citizen to come over here in Europe and open a bank account.  They just don’t want to deal with U.S. citizens anymore.  Another type of capital control is that $16 trillion sitting outside the United States cannot come back and be spent in the United States.  If that were to happen, all those dollars overseas would fall to a steep discount to the domestic dollar because they would not have the same usefulness if they can’t be spent in the United States.”  But wouldn’t that be a default that would crush the U.S. dollar?  Turk explains, “It wouldn’t crush the domestic dollar.  It would crush the international dollar relative to the domestic dollar.  The domestic dollar will be inflated away in any case over the longer run.  The immediate impact would be on dollars outside the U.S. and, yes, that is a default.”

How long can this go on? Turk takes us back 100 years to the start of the Federal Reserve and says, “What the government is supposed to do is maintain stability and purchasing power of the dollar.  Today, the dollar purchases one penny of what a dollar in 1913 purchased.  That’s how bad the inflation has been.  That big picture thinking is important because we’ve had inflation and debasement of the dollar for 100 years.  People say it’s been 100 years.  Why couldn’t it go another 100 years?  Well, if you look at the Roman Empire, for example, it debased the denarius for 100 years until the denarius fell off the end of the table.  Just because that trend has been in place, it is not going to continue forever.  The key here is the amount of debt we have in the system and the amount of money the politicians are spending.  The reason why we have not had hyperinflation is the U.S. government has managed to keep its debts lower than they should be because the interest rates are zero. . . . We’re walking on a tight rope here, and it could go either way.  To me, we are looking at more currency debasement here . . .”

On gold, Turk says, “COMEX is just a side show. It’s just a paper market.  The action is taking place over here in London.  You are seeing this huge backwardation.  If you want to put a big order in, say $50 million for physical metal, you can’t get that metal tomorrow.  You are going to have to wait for a while before you can get that metal. That’s sign to me that gold is cheap.  The same thing is happening in silver.  As a result of that, you are going to see much higher prices as we move to the end of the year.”  Turk goes on to add, “We’ve seen the slow burn in the dollar.  You have these blips up and down and, right now, we are having this momentary blip of dollar strength, but eventually, it will go over the edge of the cliff.  That is ultimately what happens when a currency collapses.  Eventually, people realize the currency no longer makes sense.”

Join Greg Hunter as he goes One-on-One with James Turk of GoldMoney.com.

(There is much more in the video interview.)

After the Interview: 

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  1. Paul

    James Turk is exactly right … the writing is on the wall for the US dollar … just as your guest Jim Sinclair(Mr. Gold) implied in that classic interview on WatchDog.com where he revealed the true price of “emancipated” Gold to be $50,000 dollars per ounce … and as for silver we only have to look at the King James Version of the Bible where it reveals to us the true price of “emancipated” Silver to be $10,000 dollars per ounce.

    Look it up … the 30 pieces of silver that Judas received for betraying Christ was equivalent in value to a “small farm” today.

    If we conservatively assume a “small farm” today can be purchased for $300,000 dollars and also conservatively assume “one piece of silver back then” to be equivalent to one ounce of silver today … then what “the Bible is telling us” is that one ounce of “emancipated” silver should be worth $10,000 dollars per ounce right now today.

    All someone has to do to become a fiat millionaire is simply put away 100 one ounce silver coins (costing about $1500 dollars today) and wait for silver to break free of banker manipulation (my sources indiate a reset could occur as early as late February 2015).

    Does this mean everyone should sell all their silver coins when the price of silver reaches $10,000 dollars per ounce?

    Not On Your Life!!!

    The reason being is that the Fed and other world central banks “are not through” printing fiat … the Fed is currently printing in excess of one trillion dollars of paper IOU’s every year and soon may begin printing 10 trillion fiat dollars or more per year … so “a small farm” could easily cost in excess of $3 million dollars … and a small farm worth $3,000,000 fiat US dollars divided by 30 pieces of silver means one ounce of silver will be worth $100,000 fiat US dollars … at that point only 10 one ounce silver coins (costing about $150 dollars today) will make you a fiat millionaire (if you are really intent on counting your wealth in fiat paper).

    The longer the Fed and other world banks continue to print fiat paper by all their various and devious means … and the longer the bankers manipulate the silver price downward by pointing to an artificially strong dollar … the better and better things become for us ordinary people … in fact … at the rate fiat money is being printed worldwide right now (where each central bank takes turns at the printing press) the total projected flood of world fiat paper can easily make one single silver coin worth a million fiat dollars in short order.

    Remember it has happened before … a bell boy who worked at a hotel in Germany during the great inflation of the 1920’s was able to purchase the entire hotel he worked at for just one precious metal coin. This is the path we are currently on because the FED and other world central bankers are printing more and more fiat without bounds.

    I shake my head when I look at Japan which is currently taking its turn at the fiat printing press … falsely raising the strength of the US dollar in relative fiat terms. The world central bankers have in effect instituted a policy of “unlimited QE” where each takes turns at the printing press.

    As the central bankers take turns at the fiat printing presses it fools ordinary people because it gives “false readings” as to the strength of various curencies. The reality is that the world central bankers are wildly printing all fiat currencies to “manage their constant depreciation.” The process of making some fiat look strong while others look weak is simply an accounting trick … in reality all fiat curencies are falling in order to keep the fiat monetary system from collapsing … expect massive QE out of Europe after Japan is through.

    For us ordinary people we have two choices …

    1) We can simply hold the bankers continually depreciating fiat paper money, or
    2) We can forget about the relative strength of these watered down fiat currencies as they go up and down relative to one another and simply focus “on the big picture” (an exploding universe of worldwide fiat paper IOU’s) which will drive the fiat price of everything higher. A strong dollar relative to the Yen means nothing because “both” are essentially being printed to infinity and therefore “gold and silver in fiat dollar terms” must eventually be priced higher.

    Don’t be fooled by a “relatively strong dollar” now pushing the price of gold and silver lower … I tell all my friends and family to just use this extraordinary opportunity being presented to us to add to the stack of silver coins you now own “at these incredible bargain basement prices” and eventually just a few of these coins will buy you a small farm … where one can then grow your own food and become even more independent of the system.

    The current exponential flood of fiat paper money worldwide (first from the US, currently from Japan and later from Europe) makes it “a certainty” as the former FED Chief Alan Greenspan says that all physical commodities will be in a few short years “materially higher in price” in fiat paper money terms.

    The “poor bankers” are forced to print like there is no tomorrow because for them it is the only way they can keep their worthless debt-based fiat Ponzi money system from collapsing.

    But we ordinary people are “rich compared to the bankers” .. because we have the option of not having to worry about their worthless fiat money … “as long as we take steps now” to get out of their system (GOTS) by becoming our own central bank and holding “real money” (physical gold and silver) under personal lock and key where ones wealth is counted in “the number of precious metal coins you own” and not in banker depreciating fiat money terms … for one day owning a million fiat US dollar IOU’s will simply mean you are dead broke.

    • Jerry

      Paul you nailed the illusion of fiat money totally. Great post.

    • allen ols

      stock markets have become a kind of dopamine switch financial elites can push at any given time to juice the citizenry and distract them from the greater perils of their economic future. During every upswing of stocks, the elites argued that the “corner had been turned,” when in reality the crisis had just begun. Nothing has changed since the crash of 1929. Just look at some of these quotes and decide if the rhetoric sounds familiar today:

      John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

      H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

      Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

      W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”

      Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”


    • woody188

      The housing collapse was good and bad for me. Bought my farm in 2010 for bargain fiat prices. Instead of selling my old home in the city, I’m now a landlord. Couldn’t sell it at the time due to the depreciation and unrealistic offers from investors/flippers, so I just held on to it and have been renting it out. Being a landlord has it’s ups and downs, and it has not been easy for my family, but we manage.

      Hoping to buy the farms around me in the next reset as my farm is only big enough to sustain my family with little extra. Purchasing the neighbors holdings I would end up with 145 acres and really get to producing produce, livestock, timber, and other goods. I’m excited for the future, even with the hardships ahead. Glad I left the city and will never look back!

  2. Oracle 911

    Hi Greg
    I don’t think the Chinese will let the RMB include into the SDR system. 2 main reasons:
    1st The SDR system is repainted US$ system, and the Chinese as the Russians want a fundamental change.
    2nd The Chinese and the Russians know a single fact. The IMF is a tool of the real western PTB and this fact wont change even they reform.
    So the main question is not ‘what they will include’ but ‘what they will exclude’ and ‘who will have a significant influence’.
    Why the Russians and Chinese want influence in it?
    Do I have to answer this question?

    Just my 2 cents
    Oracle 911

  3. Silence is Golden

    Unequivocally the USD is on its death bed and JT makes it plain and simple to understand that the US Government will not sit idly by watching all the “undermining” unfold viz a viz the RMB.
    However, the truth underlying this comment is the fact that it (the currency) is not the Government’s problem. The currency and its issuance is the sole privilege of the FEDERAL RESERVE ( given unto same through Congress under Federal Reserve Act). The currency of the US is not a government instrument. It is held and issued by private hands for use by the public at large.
    Additionally the FED is mandated to protect the stability and the purchasing power of the Dollar under its dual mandate of price stability and employment and NOT Government.
    I respect JT but his comments are somewhat confusing…laying blame with the Government when in actuality the blame is fair and square directed to the FED when it comes to interests being protected. Of course those who read MSM will be lead to believe that it is Government that will seek to avenge the USD demise….and this is where the public is indoctrinated to believe that it is in the best interests of the country…to……..GO TO WAR !!!!
    Then to take the matter further … the interests of the FED are indeed the interests of the City of London.
    Interesting take on the Canadian “recently established” HUB for RMB settlement / conversion. Close ally of America.
    What about the also recent UK BOE issuing bonds in RMB denomination ? What happened to the so called Anglo-American unbreakable bond ?
    That one slipped under the radar didn’t it….because it portends greater concern over USD survival than a mere conversion/settlement HUB being created in Canada (and now Malaysia).
    What does that also tell you about the interests of the City of London.
    But interestingly enough THEY don’t want to have the US Banks (FED) issuing Bonds in RMB denomination. Why could that be ???

    We are all getting closer to the truth….come hell or high water.

    To assist us in this quest, we must discover where the problems are created and how they are permitted to fester and endanger our wellbeing.

    Those who will be committed to preserving the USD will deceive and commit the most evil of crimes to achieve their desires. They have no allegiance to a nation nor its people. Their objective is profit at all costs.

    • Greg Fletcher

      The Chinese RMB is in the SDR as of SEPT 30, 2016 at about 11% of the basket. That 11% was at the expense of the YEN & BRITISH POUND.

  4. allen ols

    greg; good interview, great questions, and answers!!!!


    ……and…… this LETTER FROM NORWEGIAN NOBEL COMMITTEE….. to obama…very stupid man.


    and NEW INFO FOR ME….
    gold backed dinar..and sharia law related to debt, and interest.

    also, I thought china has 30k tonnes of gold and russia 20k tonnes.

    Jerry, SIG, St laur. Jeff, art, al, sml gld, and more,
    guys, I don’t understand WHY, the dollars overseas, that return to usa cannot be spent, or our debt dollars. doesnt make sense if they are our dollars???

    • Jerry

      Allen its all relative to what value you place on a piece of paper. Right now the world is running from the dollar. The problem is that we import so much, that our currency is at the mercy of what other countries think its worth. Right now the dollar is getting its clock cleaned by the Yuan.

      • allen ols

        jerry sig jeff;

        soo, i am a guy overseas, and i hop a plane from rome to NYC, JFK. I open my borsetto, and pull out a wad of 20 dollar bills. the shop owner says, wait just a minute, “did u bring these dollars from europe, or did u aquire them here, cause, if R from overseas, than u can get 50 mack-hamburgers instead of 2 big macks, but if your really honest, “are these in-country dollars and your just lying and saying they are overseas dollars?” “You know buddy, we really dont want overseas dollars, so u just take them back with you when u leave for rome, and we will take your yuan in stead”, or “if u have some gold, saaay a tenth oz gold coin, I will take a pair of side cutters, and clip off, a small chunk for a tank of gas, and food from my shop”

        • Jerry

          Allen, that’s funny. But did you know my son just talked to a business associate in Canada, and they told him, they would no longer take dollars in trade? That’s what’s going to happen.

          • allen ols

            I wonder if this will trickle dwn to the commoner with us bucks in hand trying to buy a burgeer or beer in canada. I am a fan of canadian “real” beer, not this watered dwn fake stuff in usa. You could say, i a “beer bibber”

            • allen ols

              burgeer alias burger w/beer.

    • Silence is Golden

      May have something to do with money supply.
      Too many dollars need to find a home.

    • Silence is Golden

      Further thought….
      The domestic currency can be printed into oblivion and yet still function as a domestic currency (worthless if any attempt is made to use overseas or in international settlement).
      Hence the distinction between a Domestic & an International Dollar.

  5. Sven

    “What the U.S. government will do, though, is everything in its power to protect the dollar’s position, and that means” continued attempts to destabilise the world and weaken Russia and China, anyone? If history tells us anything, it’s that we are staring into the abyss of war and upheaval on an unprecedented scale. Round and round we go.

  6. allen ols


    Only for those persons who want or need to understand what is going on in the world financially.

    Here is what is happening:

    1. The US is involved in a financial war against Syria, Iran and Russia, by reducing the price of oil to below break even. This frees-up billions in the consumer economy.

    2. China is buying cheap oil by the boat loads and is switching its primary source from Iran to Nigeria.

    3. Japan (read below) is switching from investing US dollars it earns by selling cars and cameras from US Treasury Bonds (which are earning less than 2%) to investing in the stock market. Japan now holds $1.2 trillion of US Treasury bonds that are almost worthless now as they will likely never be repaid. This is a monumental change. Japanese companies have been buying each other’s stocks to prop up prices. This will create a crisis for the US which is living on borrowed money to pay for military, Medicare and Social Security.

    Read More @ LewRockwell.com

  7. Dirk

    I can see where Mr. Turk is comming from. But having said that, the dollar is currently at 87.56. Still to high. I would like to see it drop further so my silver will go up.
    Speaking of which, doea anyone know what is keeping the dollar up apart from a supposed end to QE. Everyone seems to be dumping the petrodollar. So what is keeping the dollar at the current level

    • VShook

      I think the fear that the Euro will be the next currency to be significantly devalued may be the answer you seek. Can you imagine what would happen to the “value” of the dollar if this happened? And what would be the effect on gold and silver prices with a “soaring” dollar?

    • NZ 76

      Dirk, I have been wondering the same. From what I have picked up from others, the Japanese QE has something to do with it – as the value of the Yen falls the relative value of the US Dollar will rise. Although since the gold and silver markets are so heavily manipulated, it would not surprise me if there is heavy manipulation going on in the currency markets as well. Another point that may be relevant is the US Dollar has been considered a ‘safe’ currency for such a long time, that despite the QE and misleading official statistics about the health of the US economy, in times of war and conflict, people are still rushing to the US Dollar for safety as a matter of habit rather than reason.

  8. smaulgld

    Thanks for having Mr. Turk on

    While the UBS case is a step in the right direction, it got zero coverage in the US mainstream media. So what appears obvious to us and should now to other doesn’t because they don’t hear about it.

    While the case for gold manipulation is well documented, its not well known.
    Here is a great set of documents compiled by GATA containing information about manipulation of the precious metals markets:
    Here are examples of suspected
    https://smaulgld.com/gold-silver-price-manipulation/ and
    actual cases of gold and silver manipulation https://smaulgld.com/gold-silver-manipulation/

    Yet none of this matters as Mr. Turk points out because the employees and money flow in a circular fashion between the regulators and Wall Street via fines and regulators working later on Wall Street and vice versa.

    While I respect Mr. Turk and other who argue that the dollar will collapse because of debt and money printing. I disagree as there is really no limit to the amount of new debt and dollars that can be created – AS LONG AS ALL currencies are also doing the same.

    If everyone is playing with monopoly money, the banker (US) wins. The only thing that will destroy the dollar or any other fiat currency is for another country or issuer to back their currency with something of value, like gold. There have been calls for a dollar collapse for thirty years-Rubino and Turk wrote Dollar Collapse ten years ago! (rivalling the decade long predictions for a Comex default)

    What is really happening is a long steady devaluation of the dollar and other fiat currencies and a decline in economic growth and living standards. Without a rival backed currency, this will continue and it won’t be good but its not a collapse.

    The game among central banks is to play the currencies off each other, alternating which one is strong now and which one is weak- this is NOT currencies wars but coordination among banks – at least among BOJ ECB and the FED.

    There are reasons the Comex hasn’t defaulted and dollar hasn’t collapsed

    • Paul

      Smaulgld … As I was telling Jeff when I was a kid playing monopoly … and I was the banker … I would find all kinds of reasons to hand out extra money to the players close to bankruptcy … just to keep them in the game which was a lot of fun when you were the bankster … but after doing this for hours and hours … stealing more fiat money from a couple of old monopoly games in the closet and handing it out … where now everyone owned hotels on all their properties and the game could have gone on forever and ever … the players eventually got tired of the all the fraud and tired of all the pretended fiat wealth they all had accumulated … and that is what ended the game … look about you in the world today … some major players (the BRICKS) are getting very tired of playing the game … therefore we are very close to the End Game.

      Ofcourse we can’t just end the game in the real world … it will go on … however when the fiat monopoly money in the world becomes so plentyful (and the rules are not changed regarding the cost of buying a hotel (gold) and the cost of buy a house (silver) they become very inexpensive to purchase (as gold and silver are inexpensive today) … so to keep the game going forever as we must do in the real world … a price reset is necessary … so that every monopoly player can’t easily buy houses and hotels … the reason the game of monopoly blew up out of control is because hotel and housing prices “were kept fixed” … therefore for the banksters to fix the game and keep it going on and on forever “the rules must be modified” (a reset is necessary) to allow for an increase in the price of houses and hotels (gold and silver) … it must be fixed so that every player won’t be able to put up hotels on all their properties … and then the game can go on … I’m hearing such a reset may take place by the end of February 2015 … so your opportunity to buy houses and hotels (silver and gold) at the cheap “fixed price” will soon come to an end … a repricing of gold to $3000 and silver to $100 will be the first step … eventually the repricing will “emancipate” both to reflect their true worth $50,000 gold and $10,000 silver.

  9. Baron

    This was published Jan28 2013
    Chris Martenson has released an excellent interview with GoldMoney’s James Turk regarding the gold and silver markets after 2 years of consolidation.
    Turk states he expects 2013 and 2014 to be big years for both metals, and that we are approaching the point where the cartel loses its ability to control the gold and silver markets to the upside as confidence in the fiat system is lost.
    Turk states that he expects gold to achieve $8,000/$10,000/oz during the 3rd phase of it’s bull market when the public becomes involved and a mania develops, yet states that gold’s gains will be modest on a percentage basis compared to what’s in store for silver.

    Now he saying he hopes it gets to $1250 before the end of 2014. I internet has such a short memory.

    • Greg Hunter

      So the manipulation worked. You seriously don’t think at this point there are any “free” markets do you? Thank you for your comment and research.

      • Baron

        Dear Greg,
        I’m a long-term GoldMoney customer. I like their system. I think James Turk has a good product.
        What I do NOT like is his ‘playing to the gallery’. I personally do not like to see the ‘personality cult’ in any organisation especially when they start predicting future events. (which are wrong).
        I’m also a customer of BullionVault and the chief executive keeps a low profile but communicates with the customers.
        ‘Personality’ figures can effect an otherwise sound organisation by their pronouncements and actions.
        James Turk should not join the usual group of pundits no matter how well meant.

  10. vincent_g

    What has happened with Silver could be the back breaker.

    First we don’t see any follow up stories on Silver from main stream press.
    This is why the main stream press is totally useless.

    If this shortage goes on much further then Cell Phone and other electronic items that depend on silver will also be in shortage.

    The difference being is their price will skyrocket as the price of cell phones is not controlled.

    At that point the demand for silver will have skyrocketed.

    The longer this is kept quite the bigger the problem becomes.
    The people in the know are buying silver and word does spread.
    The more people that know the more demand goes up.

    The main problem is pricing system for both commodities and currencies are broken.

    If the US dollar was priced correctly it would have 50% less buying power.
    It would be worth 50 cents or less on the dollar.
    But it’s being propped up by the Fed and the banks.

    When this is done it puts pressure on commodities.

    Now you have a commodities market that is also broken as they have allowed for far too long excesses to take place which are now causing a big problem.

    When you add the dollar pressure to on top of this you have a very serious problem.

    The outcome is all things stop!

    You get none delivery of the commodities and that means companies have to shut down.
    Without silver much of electronic industry will shut down.

    My experience is that the majority of the people that bought silver will hold it.
    The average person will just toss it in the closet and leave it there.

    You only have to look back to the Silver US coins back in the late 1970’s and 1980’s.
    When the price went up to a high price people raided their piggy banks.

    Only those that have problems paying their bills will sell which means there will be a long protracted shortage!

    The silver mines will most likely not open as they will see a possible huge percentage hike and will wait it out.

    Now we know what happens when too many markets are controlled.
    They sometimes clash!

  11. They’ll Call It “The G-20 Massacre!” Polly

    Author : Bill Holter
    Published: November 11th, 2014
    Very “quietly” the world’s 20 largest economies will meet in Brisbane, Australia later this coming week. I use the word “quietly” because here in the U.S. almost no mention of the upcoming meeting has been made. I even searched for news on the event and almost could find none. Strange? Well yes and no, quite strange because it surely is big news especially with all that has been going on but not strange because here in the U.S. we must keep a happy face on things which very well may not be the outcome this time around. I wasn’t sure how I was going to write this piece but I guess it’s just easiest to tell you what I think the result will be and then explain why. (Get the entire article here: http://blog.milesfranklin.com/theyll-call-it-the-g-20-massacre )

    Greg, look out below, down under!

    • They’ll Call It “The G-20 Massacre!” Polly

      Greg, it’s your show but can you put a limit on the volume/paragraphs posted ? It really detracts from having a meaningful discussion………. Heck, I could submit ALL of the book of Revelations (with commentary). IF IT’S LONG DONT BE LONG -JEFF

      Greg Hunter 11/12/2014 •
      Good point. I was torn about putting that much up. That said, let’s try to keep the posts down to a few paragraphs.

      Greg, BULL, owney! If it belongs, let it be long! With your last guest, NC Gal started a great discussion. Were all wondering just what the hell is going on in these strange time’s and it just cant be explained in a brief sound bite! Heck I’ve got bored with some of the long rants and that’s what the scroll on the mouse is for, Jeff, just us it and that’s what makes your site different and interesting Greg, where we can really get into the meat of a matter, where “Iron Sharpens Iron!”. Please Greg, don’t change a thing and don’t let success change Greg Hunter.

      • Greg Hunter

        They’ll Call It “The G-20 Massacre!” Polly,
        Let’s a least try to edit the long comments a bit. How about that?

    • Thomas1

      Monday could be very interesting in Forex and precious metals.

  12. lastmanstanding

    Notice how he begins to stammer, studder at the 12.40 minute mark when beginning to talk about wonderful “near tangible assets”…Exon…must I elaborate?

    Only time in the interview that he was at a loss for words.

    Did you know that Turk was “awarded” 2 US patents for digital gold currency. His career began at Chase Manhattan bank. On to Thailand, Hong Kong, Philippines to become the manager of the commodity department of the Abu Dhabi Investment Authority. “Authority”…interesting choice for a company. All that was over 25 years ago.

    Thank you Greg.

  13. allen ols


    none other than the venerable Bank of England itself had been engaged in collusion with various manipulating parties, explicitly those participating in “The Bandits Club”, “Cartel” and other chatrooms, as described in “Bank Of England Encouraged Currency Manipulation By Banks.” As Bloomberg reported at the time:

    Read More @ ZeroHedge.com

  14. Jerry

    Greg I have a question for you.
    It seems like almost everyday we get a steady, drip, drip, drip, of countries around the world signing RMB currency swap agreements with China. Last week it was Canada. Over the weekend it was Qatar. This week I’m hearing Singapore.

    Realistically how much longer do you think the dollar can survive in this environment when the United States GDP is so small in comparison to the rest of the worlds overall production? Are you on board with Jim Turks prediction of nine months?

    Check out this article. Other countries are definitely watching.

    • Greg Hunter

      In the next year I think things will come into real focus. That said, the manipulation is so great that it has made fools out of some of the best in the financial world. The other real wild card is war. Wouldn’t it be wise to start ramping up before your currency collapsed? Who knows??

    • Silence is Golden

      What I posted on Miles Franklin post by Bill Holter:
      I have one major issue with an overnight sensational de-throning of the King Dollar.
      It has to do with the FACT that International Trade is still at 50% settled in USD. Euro settlement accounts for approx. 33% and China RMB accounts for a miniscule 1.6% of global trade settlement.
      China’s agenda is a 3 stage master plan:
      First – create settlement platforms for international trade(offshore hubs).
      Second – Get Asia to utilise/accept the RMB.
      Third – Get the Globe to accept it as a reserve.
      Whilst we do see evidence of the first stage being achieved with lightning alacrity we will temper our eagerness and enthusiasm with the understanding of due process.
      Normalisation of the RMB will be achieved through convertibility, increased use and finally international reserve currency being installed.
      China has a long way to go to get to its desired goal of 20-30% of global settlement.
      Understanding that the process has commenced does bring about anticipation. It also highlights the eventual demise of the USD and with it, the fabrication that has been built upon it.
      G-20 does not bode well for the USA I will agree on that.
      China is showing its prowess but with dignity. The world is watching….and the US citizens could care less.

      • Jerry

        Silence is Golden.
        I agree with many of your points, but you cannot look at the market under normal economic principles. The Chinese for all intensive purposes own the Federal Reserve bank,and they can convert the system to the RMB in a time of their choosing, not ours. In addition they are offering deep discounts on goods to countries that choose to do trade in Yuan rather than dollars. Why do you think the Canadians jumped on board? Nothing against you, but its simply arrogant hubris to assume the United States can continue this economic sham when we have nothing to offer. When was the last time the U.S. did a trade deal?

        • Silence is Golden

          Agreed. But unrealistic to expect an overnight sensation in the dollar de-throning which all and sundry are purporting to occur at the flick of a switch. China may indeed being calling the shots …..but it has a helluva bunch of treasury bonds to offload…..which is taking time to unwind. They are as much in a Catch 22 as the US is with its printing. Unwind too fast = implosion = massive hit to their investment. Strategic asset purchases combined with the appropriate infrastructure will create the template for the succession of the RMB.

  15. Mitch Bupp

    Thanks Greg and James for this report. I would not characterize gold manipulation of price knock downs as a correction. This is clearly not a correction after 63 tons of gold paper was released in one day…… this is criminal fraud …..

    check out Dr Paul Craig Roberts story on the issue ……

  16. Gregory Mannarino

    If you believe that the issue of global debt can go on and on with no consequence then you should hold units of debt, like a Federal Reserve note. If you believe as I do that there is going to be a terrible price to pay for an out of control global debt issue, then you need to be holding hard assets like silver and gold.

    • OzFan

      Love your work Mannarino.

      Watch the debt indeed.

  17. Coal Burner

    IF the dollar outside the country goes down we will be paying for imports with gold and silver COD. That will kill our ability to trade on world markets. WOW!

  18. Matt

    Well the head of the Swiss bank is already opposed to having gold backing. My prediction stands it will not pass.

  19. Outlookingin

    Canada has been seeking closer economic ties with Asia and especially China for some years now. Approximately 70% of Canada’s foreign trade is with the USA and has come to the realization that the US dollar is living on borrowed time. (pardon the pun) Also it is very unwise to most of your “eggs” in one basket, as the bottom of that basket has become increasingly weaker and is now in imminent danger of failing.

    Canada’s western most province of British Columbia has just concluded it’s second RMB (Yuan) based bond issue. The first being last year in which the issue was quickly sold out, as was this latest series which paid 3.78% This is just another nail in the USD.


    • Jerry

      So true. The Canadians can see what we can’t. Eh.

  20. NC Gal

    What a great interview, Greg! It was so densely packed with information, I had to listen to it twice. Your skills as an interviewer are certainly growing and of course, the quality of the material depends a lot on which questions are asked. There was just too much in there for me to comment upon specifically, but I wanted to offer the following observations.

    Turk’s comment that there is a reluctance in Europe to deal with US citizens in financial settings reminded me of what happened two years ago when a colleague of mine decided to expatriate and put his wealth in the form of physical gold, stored in vaults in Switzerland. A few months after he had done that successfully, the Swiss bank informed him that, because he was a US Citizen, he had to take his gold and put it elsewhere. His wife had dual citizenship, and by putting everything in her name, he was allowed to keep it there. Otherwise he would have had to move it.

    Turk’s description of two kinds of dollars — a domestic (US) dollar and an international one — jibes very well with Jim Willie’s prediction for two kinds of dollars existing after the financial reset he says is coming. There would be one kind of dollar used in international trade and one kind of dollar that could only be used within the US. (Willie calls it the “scheiss dollar” (from the German word for “shit”), because that’s how he views the worth of that US domestic dollar — basically worthless.) It seems that Turk feels that there are already two different dollars, but it’s just not been made official.

    Once again, as much as I might personally yearn for a swift resolution, Turk is describing an ongoing PROCESS of decline, and characterizes the possibilities you raise (potential black swans or snowflakes, depending on whose nomenclature you use) as POSSIBLE CONTRIBUTORS to that overall process, but not single events that bring down the whole pile all at once. The ability of the elites to keep the corpse going, even though the actual collapse has already occurred (as some of your other guests have observed) is truly amazing.

    One of the jobs I held in the ’70s was as a tissue technician, typing blood for cross-match compatibility in organ transplant procedures. I happened to be on call one night when a cadaver became available as an organ donor and I had to go to the hospital to pick up the cadaver’s blood, go back to the lab to type it for cross-matching, and put it into the system to be matched against potential recipients. When I arrived at the hospital, a technician drew the blood from the cadaver, which was on life support to keep the organs infused with blood and oxygen until they were harvested. The cadaver was technically dead, but the life of its tissues was being artificially prolonged so that they could be used as replacements for other organs that were failing or had failed in the group of potential recipients.

    I see many of the things that are going on in this world as analogous to that situation. There are many entities (both individuals and nations) being killed off so that their resources can be harvested to keep others going. Agenda 21 (https://en.wikipedia.org/wiki/Agenda_21) is an example of a published document that lays out a program in which people in the US would be herded into narrow strips where people could live and the rest of the country kept for its usefulness as resources. On a socio-political-geographic basis, this is the equivalent of harvesting organs, IMO. It is sacrificing the lives of some in order to preserve the lives (and fortunes) of others. In the movie, “Seven Pounds,” this was done voluntarily, initially out of guilt and finally out of love. In our world, this is being done out of greed and the beliefs of some that they know best what is good for the rest of us. I personally believe that there is a higher plan working out through all of this, and in the end, that’s what will govern the result.

    Great interview, great guest, and lots to think about here! Thanks, Greg. You’re just getting better and better every time!

    • VShook

      As far as endless manipulation goes — and is possible — I agree with you. If you look at the recent action concerning the quadrillion + of bank derivatives, they are now talking about preventing a breakdown in that system by limiting or preventing losers and winners should problems develop. They already reserve the right to decide if any payment is due in any derivative contract. If there is one thing that is certain, the “rules” in this banking/currency game will be changed to protect the cartel’s system. How long will this go on? Longer than most of us invested in precious metals will be able to remain solvent ?

      • 8Ball

        longer than most here will live to see the day.

      • Silence is Golden

        OTC Derivatives are designed to be an unregulated market for that very reason. It is a dealer network not a centralized, regulated and supervised market (not that existing regulated markets mean anything). They can make their own rules to determine profits or losses. OTC includes stocks, bonds, currencies and interest rates.
        So no transparency, no liquidity and massive credit risk. But that’s their game.
        Unfortunately for most, they have combined gambling with traditional banking (deposit taking and loans). They have corrupted the monetary system and therefore can decide who the losers and WINNERS will be.

        • Greg Hunter

          I think the big losers will be us or the unprepared. Why do you think Russia and China are buying all that gold. Thank you for all your well thought out comments!!!

    • Silence is Golden

      “there is a higher plan working out through all of this, and in the end, that’s what will govern the result”…..and in the end ……we are just pawns to be sacrificed.

      • mark

        But if we, by faith, zoom the lens of the camera out further, there is even still a higher plan at work, yea I would say, even the highest plan, and that involves us common humans, we who may be considered by the “elites” as nothing more than pawns to be sacrificed in this lower scheme of things, to participate as joint heirs with Jesus Christ, the Son of God when the revelation of His glory is made known by virtue of having been regenerated, or “born again” ( lit. born from above, see John 3:3) “unto a living hope through the resurrection of Jesus Christ from among the dead unto an inheritance that is incorruptible and undefiled and unfading kept in the heavens for you who are being guarded by the power of God through faith unto a salvation ready to be revealed” ..(see 1 Peter 1:3-4). Remember therefore, that it was “not by means of perishable things, little coins of silver or gold that you were set free once for all by the payment of ransom money, out of and away from your futile manner of life handed down from generation to generation from your futile manner of life handed down from generation to generation, but WITH COSTLY BLOOD, HIGHLY HONORED, blood as of a lamb that is without blemish and spotless, the BLOOD OF CHRIST who indeed was FOREORDAINED BEFORE THE FOUNDATION OF THE UNIVERSE WAS LAID, BUT WAS VISIBLY MANIFESTED AT THE CLOSING YEARS OF THE TIMES FOR YOUR SAKES WHO THROUGH HIM ARE BELIEVERS IN GOD, THE ONE WHO RAISED HIM FROM THE DEAD AND GAVE HIM GLORY , SO THAT YOUR FAITH AND HOPE MIGHT BE IN GOD” (1 Peter 1: 18-21 Wuest expanded translation). So I say unto you Silence as to Greg and to all who come here to read and to post; the grace and peace of our Lord Jesus Christ be with your spirit! Fear Not! amen!

  21. foggygoggles

    I was just listening to an interesting interview with Michael Pettis, a Beijing-based economic theorist and financial strategist. He makes a good case that since the US has gone from being 40-50% of the globalized economy to just 22%, that reserve currency status is now a burden rather than a privilege. He has other views that also run counter to conventional wisdom, which I think, would make him a great guest. Thanks for all you do.

  22. Jeff

    Smaulgold, I’m surprised to hear you say this……. [ While I respect Mr. Turk and other who argue that the dollar will collapse because of debt and money printing. I disagree as there is really no limit to the amount of new debt and dollars that can be created – AS LONG AS ALL currencies are also doing the same.

    If everyone is playing with monopoly money, the banker (US) wins. The only thing that will destroy the dollar or any other fiat currency is for another country or issuer to back their currency with something of value, like gold. ] Ever heard of China and Russia ?

    • Paul


      When I was a kid playing monopoly … and I was the banker … I would find all kinds of reasons to hand out extra money to the players close to bankruptcy … just to keep them in the game which was a lot of fun when you wer the bankster … but after doing this for hours and hours … stealing more fiat money from a couple of old monopoly games in the closet and handing it out … where now everyone owned hotels on all their properties and the game could have gone on forever … the players eventually got tired of the all the fraud and tired of all the pretended fiat wealth they all had accumulated … and that is what ended the game … look about you in the world today … some major players (the BRICKS) are getting very tired of playing the game … therefore we are very close to the End Game.

  23. Jeff

    Oracle 911 is spot on regarding China having no interest in joining the western SDR system. I’ve been adamant about that from the start, though so many of Greg’s guests continue to promote the idea……. The only way they would agree is if they have the over- ruling top power position AND the US is either dropped but more likely given a “token” position at the bottom.

    • mark

      I believe according to what I have read/heard of Dr. Jim Willie’s published work, he holds the same position with respect to China and any kind of SDR.

  24. Jeff

    Allen ols ……… yes oil is being pushed down (manipulated like gold) to harm our enemies. But this is already backfiring and we will soon see a great reversal in the price of oil (like gold)……. 3 reasons ….. ( 1) We don’t have the surplus oil the gov reports (imagine that, liars) ….. (2) Dollar drop coming soon….. (3) War I predict oil will double in 6 months. Which will put further pressure on the dollar. (economy down, inflation up). Which will also drive gold up ( 2X like oil)…….. The first post today ( good one) by Paul tells you what to do.

    • allen ols


      strong points!! tks.

  25. Paul

    To Dirk … you asked “Does anyone know what is keeping the dollar up apart from a supposed end to QE. Everyone seems to be dumping the petrodollar. So what is keeping the dollar at the current level?

    The answer in simple terms is the Fed types up exorbitant amounts of fiat dollars on their computers out of nothing … it then transfers the fiat dollars as a credit to the banks … who then buy treasury bills and bonds from the Treasury and get a small amount of interest from the bonds … it is through this “fraudulent and artificial demand” for treasury bills “created simply out of nothing” that is strengthening the dollar. The more complicated answer involves the banks leveraging the free money credit the Fed hands them with all types of derivatives so they can make even more interest money on their now “leveraged” bond purchases.

    So the supposed strength in the dollar we are now seeing is simply being contrived by the bankers and is not based on reality. I won’t let it fool me into selling my gold and silver.

    • allen ols


      So we have to watch what Putin and Russia are doing geopolitically, and what he is going to do about collecting payment for the energy Russia sells. My sources tell me that Putin is simply waiting for the cold weather to hit Europe (which we are starting to see now) before he announces price increases and really puts pressure on the European Union. So to a large degree, world currency markets, metals markets, and energy markets, are in the hands of Putin, and the question is, when will he make his move and strike a blow against the West?” KING WORLD NEWS

  26. Jeff

    Polly…… If you read my request to shorten comments you would have seen my main thought. One that you can’t conceive of or understand ? I will repeat myself to make it clear…………. There ARE as many interpretations of the scriptures as there ARE people in the world. As much as you (or Emeth) were quick to bash NC gal (call it what you want) you don’t have any more of a direct line to God than anyone else. So what of all this ? We go back and forth debating your interpretation vs someone else’s….. Like I said, maybe I’ll cover Revelations verse by verse (with my interpretation of course). Line by line. Is that what we want here…….. Finally (and you’ll love this) I’ve been a Christian most of my life and almost went to seminary school. That said, I’ve found Christians to be some of the most closed minded people on earth. Somehow we get the idea we’ve “arrived” and know what’s best for all, when really we’ve only begun the journey. I was very much in that category in my younger years. Even today I find myself acting as a “banging cymbal”.

    • mark

      I would say Jeff that the Holy Spirit of God in Christ Jesus, which is just the Lord Himself, is both inspirer and interpreter of the Sciptures. One passage that has blessed me multiple times over is the account of Jesus, after His resurrection, joining the two men journeying on the road to Emmaus who were “talking and reasoning between themselves concerning all these things which had occurred.”(Luke 24:13-14 Recovery Version) of whom it is eventually said that He “opened their mind that they might understand the Scriptures (Lk.24:45). This was after their eyes were opened so as to be able to recognize Him as He reclined with them at table after He had taken a loaf of bread, blessed it and broke it and began handing it to them. Surely His promise to not leave us orphans, but to send another Comforter, even the Spirit of Reality that He may guide us into all the reality (Jn. 14:18, 16:13) is as valid today as when He uttered those words. The grace and peace of our Lord Jesus Christ be with your spirit Jeff !

    • Emeth

      No bashing … but we are entitled to ask the question, Why should I believe what you claim and say?
      Christianity is not a matter of personal opinion or taste, mine or yours or anyone else, but is rather based upon Scriptural revelation, and the identity of Jesus Christ is paramount to that understanding. Furthermore, discipleship is about following both the teachings and the example of Jesus.
      When we hear people claiming some other authority or personal revelation, i.e. their own experiences, we should challenge the author and investigate the authenticity of the claims.

    • Al

      Jeff, a Christian is a follower of Christ and i’m sure you’ll agree he had an open mind, so those most closed minded people on earth you found so closed minded certainly weren’t followers of Christ or what we today, the open minded recognize as Christians and it certainly is plane to see anybody who follows Greg hunter and his myriad of guests who hold many different opinions certainly aren’t closed minded, so I would like to think of my self as a person with an open mind also, even though I might not be thought of as a Christian, per se. Some one on this site mentioned not to long ago, the mind is like a parachute, if it doesn’t open, it wont work and a mind is a terrible thing to let get wasted in such a mishap! I don’t know what mishap your mind has experienced but it certainly has bean offended by so called Christians ranting on about their interpretations about the good book. So far I have not got to that point and I don’t recall my bashing of NC gal and as far as I know Jesus said the truth would be like the dawn, like the day star rising, our Sun, getting brighter and brighter as the day were’s on and I think we are there! The good news as found in that good book is being preached throughout the whole inhibited earth as Jesus commanded! That work of love is absolutely being accomplished in our day and sure their are mocker’s like yourself who are sick and tired of hearing it, but it cant be stopped, because their are those that are moaning and groaning over the detestable things concurring in these last days of this wicked system , because the ruler of this world, at least he thinks he is, also knows his days are numbered and is bent on shaking up this old world as much as possible so the good news about the kingdom wont shine through, but is anyway’s, bringing hope and comfort to millions of crying meek ones over all the earth and USAWatchdog is a part of that effort and it’s plain to see is being blessed by the efforts of all and Greg, here on this wonderful, wonderful, website and i’m sorry if I sound like Lawrence W elk. Have a wunerfull rest of the millennium everybody and you too Jeff!

    • They’ll Call It “The G-20 Massacre!” Polly

      Jeff I didn’t think I was debating somebody, I love to hear the spiritual side of what’s occurring in our mixed up world. I agree with you too, I don’t want this sight to get so spiritual it’s no earthly good. Greg has to make a living too, he’s not quite ready for the cloth but that isn’t the problem. I was asking Greg not to restrict what some feel is the spiritual side of what’s occurring in these times and those like you can use your God given right and exit stage right, with the scroll on your little mouse, it’s that simple and wont hinder the free flow of information that makes this site so popular and interesting and gives some real hope by letting it stay as free as the world wide web that it’s a part of and I’m sorry Jeff but I wasn’t bashing NC Gal at all, she had me enraptured with her story, I loved it and didn’t mind that it was humongous! Thank you NC Gal, and I’m looking forward to the book just as long as Greg is allowed to play himself when they make the movie. So dont be a sour puss Jeff, use the power of your index finger an scroll baby scroll.

    • allen ols


      preach it ole buddie;

      I’ve found Christians to be some of the most closed minded people on earth. Somehow we get the idea we’ve “arrived” and know what’s best for all, when really we’ve only begun the journey. I was very much in that category in my younger years. Even today I find myself acting as a “banging cymbal”.

    • Paul

      Jeff … Here is a short few paragraphs comment …

      In the beginning there was “nothing” … which means God was “nothing” (the Atheists among us are probably cheering right now) … however from the “nothing” which was God this universe came into being … how could this be? … simple … “nothing” or God just had to split himself into a total of three(3) entities … mathematically this can be represented as breaking zero (0) into a plus one (+1) and a minus one a (-1) or in material representation a proton and electron from which all the matter of this universe was derived (now the Christians among us must be cheering for they believe in a God composed of three persons …

      From the above we can see how our universe exists as “a duality” composed of a positive and negative entity derived from nothing … this duality can be seen in everything around us … hot and cold, black and white, good and bad, ordinary people and the banksters, physical gold and fiat money, Christ and the Devil, etc., etc.

      That’s it … hope that was short enough …

  27. Silence is Golden

    I thought this image taken at the recent APEC meeting in Beijing was sensational. It does send an appropriate message.
    Click on the image a third way down the page. Note where Obama is standing as opposed to Putin and Xi……all the way off to the right and “irrelevant” !!!

    • allen ols


      So we have to watch what Putin and Russia are doing geopolitically, and what he is going to do about collecting payment for the energy Russia sells. My sources tell me that Putin is simply waiting for the cold weather to hit Europe (which we are starting to see now) before he announces price increases and really puts pressure on the European Union. So to a large degree, world currency markets, metals markets, and energy markets, are in the hands of Putin, and the question is, when will he make his move and strike a blow against the West?”

      • Silence is Golden

        I see it differently.
        Russia wants to align with Europe not isolate it. She has made a pact with the Kings by assisting Europe detach from the American shackles that have restricted every movement since WWII.
        It is not what it seems.
        The US is doing a tremendous job in isolating itself from China, Russia, Sth. America and Europe. The ME is also not too cosy with the States and the Petro Dollar will be tested as a result.

        • allen ols


          again strong point of view!!!

  28. Bert

    Am I getting this right, in order to get the 2% GDP growth from now on, since it ain’t happening in USA jobs growth or wage increases, and any budget cut would automatically kill GDP along with any interest rate hikes; the FED and GOV needs to spend 102% of the previous years total budget including any QEs, from now on, or come out with a new way to get even more people to go even further in debt!!

    QE4 ideas to spur economy, if only to keep Wall Street happy for a few months, put cash in the hands of the working spenders, reward the workforce …. why not forgive all home mortgages taken out before 1/1/15, up to $250,000.? And, rebate the entire property tax bills on main residences for the past ten years, up to $250,000 total value? I figure the working taxpayer hasn’t got any handouts yet, at least I didn’t get any, I didn’t need a new clunker or new house windows.

    I also suspect the end is near, but got a feeling the FED can keep this hobbling around for a decade or more, dow 50,000., fed debt $50T, then crash and burn.

    • Paul from Indiana

      They can’t allow the “printed” or “QE” dollars into general circulation, as true hyperinflation would be the result. Under the current scheme, the megabanks appear solvent, the 1% continue to grow their wealth, acquiring real assets through the worthless paper, the markets prosper and all appears well. The reason the “everyman” isn’t included is that a “deal” for him undoes the scam. As to how long this can go on? It started in earnest in the ’60’s. At this point, I wouldn’t be surprised if it went on longer than I will/can. I’m 62. If you haven’t read the Franz Kafka short story, “Before the Law”, please do. It will answer a whole slew of questions about everything. Best always. PM

  29. Regan Straley

    Greg, you do great work and I listen to you every week. But sometimes even you fall for the silliest corporate-state propaganda. ISIS/ISIL/Islamic State is not a real entity and, thus, not genuine threat. To the extent that they exist at all, they are a band of apolitical, non-religious mercenaries paid by Western intelligence agencies to disrupt and destabilize Middle East governments, providing the perfect cover for continued U.S., NATO, and Israeli occupation of the region. The current focus is on using the alleged ISIS insurgency as an excuse to destroy Syrian oil fields and infrastructure. Uninterrupted control of Middle East energy supplies, the linchpin of the disintegrating Petrodollar, is the primary aim and purpose of Al-Qaeda, Al-Nusra, ISIS, and any other so-called terrorist threat in the Middle East. This is Full Orwell stuff, and your truth-seeking audience depends on you to remain vigilant in not succumbing to it. P.S. Beheadings? To the best of my knowledge, none of the “beheading” videos released thus far actually show anyone’s head being severed. The helpless white guys on their knees, the bad guys dressed up in spooky black costumes and armed with swords and machine guns. Please, we shouldn’t be doing anything but laughing at that kind of comic-book propaganda.

    • Greg Hunter

      I put on what I can back up. It is a fact we (USA) and our allies (Saudi Arabia) helped arm ISIS. Many of the arguments you make are plausible but difficult to actually source and prove. Thank you for your comment

      • Regan Straley

        Not asking that you agree with my assessment, just that you don’t help promote corporate-state propaganda.

        • Greg Hunter

          Trying to do my bets my friend. I have to report what I can back up is all I am saying. Lots of this stuff simply cannot be sourced.

  30. Calgirl

    If the London gold fix may have harmed you, contact Berger & Montague soon
    Submitted by cpowell on Fri, 2014-11-07 01:51. Section: Daily Dispatches
    8:53p Thursday, November 6, 2014
    Dear Friend of GATA and Gold:
    If you traded gold or gold futures or options in the last decade and feel that you were injured by the manipulation of the London gold fix, you may have some recourse.
    In July a judge in U.S. District Court in New York appointed Berger & Montague of Philadelphia and Quinn Emanuel Urquhart & Sullivan of New York, two major law firms, to lead an anti-trust lawsuit against the London gold-fixing banks.
    Berger & Montague was of counsel to GATA some years ago and a press release about the firm’s appointment is posted at the law firm’s Internet site here:
    More information about the case, including the text of the lawsuit, is posted at the law firm’s Internet site here:

    In March GATA invited gold traders and investors to contact Berger & Montague to learn about the firm’s investigation of the London gold price fixing:
    Now that the case has become more active, GATA again encourages anyone who believes he may have been harmed by the London gold fix — gold traders and investors, gold mining companies, and others — to contact Berger & Montague to learn about the case. Since the court has set a major deadline in December, it will be good to make contact with Berger & Montague soon. The lawyers handling the case may be reached by e-mail at:
    [email protected]
    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.

  31. allen ols

    …and.. short video of the T -50

    The Radio Electronic Technologies concern provided the Prospective Airborne Complex of Frontline Aviation (PAC FA) T-50 with the first batch of Himalayas electronic warfare systems.

    Read more: http://www.defencetalk.com/russias-5th-gen-fighter-t-50-electronic-warfare-system-60815/#ixzz3IxYS1w1h

    • NC Gal

      Al (and all), regarding the polar vortex, if you haven’t seen this video (http://www.youtube.com/watch?v=c34U0Pwz4_c) about “geoengineering” and weather warfare, I suggest you do. It’s a little over an hour long, but the most credible account I have seen so far. It fits with everything else that’s being talked about in terms of the race for global control. Well-documented evidence and certainly NOT tinfoil hats!

      • allen ols

        NC GAL.

        Actually I have seen the whole video and posted it about a month or 2, ago, along with another commenter posted it a few weeks ago, but thanks. al

  32. Al

    Must see, hands on, video!
    US sailors hit by ‘hood attack’ in Turkey;

    Just who are our friends, or enemies, in this neo con-flict, anyway’s ?

  33. Jerry

    I’m hearing word about some big news that’s about to be released tomorrow that will turn the markets upside down. Evidently the Banking fraud was not limited to the stock market and derivatives. Reports will come out about mortgage fraud that runs to the highest levels of government and effects over 90% of the mortgages in this country. 90% of the mortgages ! This will be huge.

    • Greg Hunter

      It is very sad that the banks and government have to resort to lies and blatant fraud to prop up a fraudulent economy. I hope people are taking the necessary steps to protect themselves and their families. Thank you for the heads up!


  34. skilaki

    Mr. Hunter,

    I have read your website for a while now. You seem to have plenty of articles on dollar collapse, economic collapse, petrodollar collapse, etc. You have interviewed a few “experts” who have predicted a collapse of some kind by now. Nothing has happened. I would like to think that you are an honest guy and not purposefully trying to scare people. I would like to think you are not crying wolf. However, I find it more difficult to take your website (and other similar) sites seriously when your constant forecast of doom and gloom has not occurred.

    • Greg Hunter

      This will be the biggest financial calamity in history. Disbelieve it at your own peril.

    • allen ols


      You must remember, the system has collapsed 3 to 4 times, and each time the fed, and cent. banks, have used QE to prop it up, thus postponing it. they use the forex, the comex, all kinds of trickery. I posed this question in an e mail to BOB CHAPMAN, (RIP) several yrs ago. He emailed back that we are on life support, and to just keep prepping. I get this all the time from my co workers, yet many are working 2 and 3 part time jobs to stay above water.

      the scriptures say mockers will come in the last days asking, “where is this second comming of christ?, you have been saying this forever. read here; (2 Pet 3:3-4 KJV) Knowing this first, that there shall come in the last days scoffers, walking after their own lusts, {4} And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation.

  35. JMiller

    James Turk is a gold perma bull. He is wrong about the markets reversing course the rest of this year. Stocks, which is in a seasonal period of strength, and the dollar will continue to be strong and commodities will continue to be weak. Next year that may change but in the absence of some major event things will continue as they are for at least the next month or two.

    • allen ols

      J M.

      You sound smart, I will keep my eye on your posts, going fwd, tks

    • JMiller

      Yep. So far everything I said is happening. Stocks and the dollar continue to be strong while commodities and gold continue to be weak. Looks like James Turkey is going to be wrong again.

  36. James Hastings

    “line upon line, here a little, there a little”….Where do you get your ideas for guests? You beat me with the truth…..”a prophet has no honor in his own country”….or family….I assume you accept your outcast status? My wife, is starting to think. She is recognizing the new reality. A pure product is highly refined. It takes work and you will have less after all the sifting. Takes a lot of corn to make a little mash. Good work.

  37. Jeff

    JMiller……… Major events have been happening all along and accelerating. Just because the press doesn’t report it does not make it not happening. The things going on around the world daily would have been front page news 20 years ago…… In any event, you can rest yourself back to sleep as you won’t have to worry about these dire predictions much longer…………. Just the things I read today are eye awakening. Gold is up $50 from it’s lows and that always gets my attention. Especially going into a weekend. Personally, I’m watching for Russia to retaliate against these economic/financial attacks…….. Black Friday ? I expect to see a Black Monday…….. All the best to you JMiller.

    • JMiller


      Gold did the same thing the Friday before. Nice $50 pop and then the next week it sold-off. Still quite a bit of overhead resistance. Yes, major events have been happening and it has done nothing to help gold, as of yet. Gold needs these events to escalate or some new serious event to happen. May be the Swiss referendum? As things stand now gold should just basically go sideways, in the short-term, hopefully building a base to which it can move up from in the future

      • JMiller

        Yep. Gold sold off again just like I thought. Sorry but you were wrong Jeff.

  38. Charles Savoie

    Mr. Turk is a leading advocate of people moving their gold as far out of their personal reach as they can, as if having it within easy access is risking radium poisoning. There is no assurance that any gold sent overseas can ever be accessed again, nor if it is shipped back here it won’t be intercepted by our own power mad government. There is no assurance that people will be allowed to leave the USA by air or by sea; and conditions overseas may also be bad. Any concentrated storage of gold invites seizure on the part of any government. The day may come when people are praying about Mister Turk in a way that asks the almighty for justice over his incredibly pied piper advice! His banking background is another red flag. But why would he mention what could go wrong, when that would stop him from profiting?

  39. DiscoProJoe

    Excellent interview, Greg! Since late 2009 (a year after moving to China [from the U.S.] to build my life), I’ve been predicting that 2015 will be the year when the U.S. dollar will start to collapse. Let’s hope James Turk is right! 🙂

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