let those with eyes see and with ears hear! MUST READ VERY IMPORTANT FOR ALL!!

The Coming BLOOD MOONS

Shalom Partner and Friend of Israel,

We found the "blood-red moon" work interesting and began looking into possible connections to past and future "Jewish Feasts"… and to our amazement found there are very significant connections and trust that you will find this teaching fascinating too!

"And I will show wonders in the heavens, and in the earth, blood and fire and pillars of smoke.  The sun shall be turned into darkness, and the moon into blood, before the coming of the great and awesome day of Jehovah."  Joel 2:30 -31

"The sun shall be turned into darkness and the moon into blood, before that great and glorious Day of the Lord." Acts 2:20

The Jewish Talmud (book of tradition / Interpretation) says; "When the moon is in eclipse, it is a bad omen for Israel. If its face is as red as blood, (it is a sign that) the sword is coming to the world." Therefore: Lunar Eclipse = bad omen for the Jewish people and Israel; Blood Moon = sword coming; Solar Eclipse = bad omen for the world.

Four, blood moons on Jewish Feast days within two years in Israel is very rareand has only occurred seven times since the time of Yeshua (Jesus). There are now four blood moons scheduled to appear in 2014/2015 and then there will NOT be any for the next 100 years.

Every time a blood moon pattern has appeared on Jewish feast days a big event affects the nation of Israel. The event affecting Israel begins just before the actual years of the blood moons. To understand what will happen in the 2014 - 2015 "blood moons" you must understand the pattern of blood moons in the past.

NASA found that we have had "blood-red moons" on the first day of Passoverand the first day of Sukkoth on back-to-back years seven times since 1 A.D. Three of these occurrences were connected to 1492 (the year the Jews were expelled from Spain by Queen Isabella) , 1948 (statehood for Israel and the War of Independence), and 1967 (the Six-Day War) — some of the most significant days in Jewish history. According to NASA - Four 'blood-red' TOTAL lunar eclipsesWILL fall again on Passover and Sukkoth in 2014 and 2015… the same back-to-back occurrences at the time of 1492, 1948 and 1967.

Seven back-to-back, blood-red moons have fallen on the first day of Passover and Sukkoth, with the "eighth time"… coming in 2014 and 2015.

The meaning of the number "Eight"in the Bible is "New Beginnings"…The eighth day was new after God rested. There are 7 days in a week and the 8th day is a new beginning. Christ rose on the 8th day which was a new beginning for the world.

When the whole earth was covered with the flood, it was Noah "the eighth person" (2 Peter 2:5) who stepped out on to a new earth to commence a new order of things. "Eight souls" (1 Peter 3:20) passed through to the new or re-generated world.

Hence, too, circumcision was to be performed on the "eighth day" (Genesis17:12), because it was the fore-shadowing of the true circumcision of the heart, that which was to be "made without hands," even "the putting off of the body of the sins of the flesh by the circumcision of Christ" (Colossians 2:11). This is connected with the new creation.

The first-born was to be given to Jehovah on the "eighth day" (Exodus 22: 29, 30)… and the Resurrection of Yeshua (Jesus) is ultimately signified when He rose from the dead on "the first day of the week," (Mark 16:9) that was of necessity the "eighth day."

 

Understand terms connected to “Blood Moons”…

 

Tetrad: When four consecutive lunar eclipses are all total eclipses, the group is known as a tetrad.

The Saros Cycle: is an eclipse cycle with a period of about 18 years 11 days 8 hours (approximately 65851/3 days) that can be used to predict eclipses of the Sun and Moon.  One cycle after an eclipse… the Sun, Earth, and Moon return to approximately the same relative geometry, and a nearly identical eclipse will occur west of the original location.

Tishri: Is the seventh month of the religious year for Israel and the first month of the civil year for Israel. This month holds the feasts of Rosh Hashanah, Yom Kippur, and Tabernacles (also known as Sukkoth).

Rosh Hashanah: This is a two day feast occurring on Tishri 1 and Tishri 2 of the Hebrew calendar. This is also called the feast of trumpets. A lot of people believe this feast day is tied to the rapture of the Christian Church prior to the start of the tribulation.

Yom Kippur: This is known as the Day of Atonement. It is considered to be one of the most important of Jewish Holidays of the year. It is a day set aside to atone for the sins of the past year. It occurs on the 10th day of Tishri. It is found in Leviticus 23:26-32.

Sukkoth (Tabernacles): The feast of Sukkoth begins on Tishri 15, the fifth day of Yom Kippur. It is a joyous feast day while Yom Kippur is one of the most solemn of feast days. Sukkoth is a feast day with a festival atmosphere. It marks a season of rejoicing. Sukkoth means booths and refers to temporary dwelling places the Jews gather into during this holiday. Most Christian Scholars believe the "Feast of Sukkoth" is the feast for the 2nd Advent of the Lord Jesus Christ when he returns with his saints on white horses at Armageddon.

AV: Av is the fifth month of the Hebrew Calendar. It is a time of mourning for the Jews. There are two festivals that are in Av; on the 9th and on the 15th. On the 9th of Av is Tisha B' Av which is a sad day when Jews fast. It recalls the two temples being destroyed and commemorates other tragic events throughout Jewish History. The other festival which happens in Av… is Tu B' Av. This is a happy occasion in which couples traditionally get together to arrange their wedding.

Nissan: The first month of the Jewish Religious Year - this occurs in the spring time. Passover Occurs on the 15th day of this month.

Passover: The Hebrew feast day commemorating the Lamb Sacrifice in Exodus where the Angel of Death passed over Israel while the firstborn in Egypt were slain. It also is the same day the Lord Yeshua (Jesus Christ), our lamb sacrifice for sins, was crucified.

Four PARTIAL lunar eclipses occurred on the Jewish Passover in 32 AD – 33 AD and the "Feast of Tabernacles" in the years before and after the Crucifixion of Yeshua HaMashiach (Jesus Christ). The world has since witnessed seven "Tetrads" coinciding with events impacting Jewish and Christian culture.

Seven Jewish Total Lunar Eclipses have occurred in the 1st & 2nd Millenniums:

Four TOTAL lunar eclipses occurred on the Jewish Passover and Feast of Tabernacles in 162 - 163 AD, coinciding with the worst persecution of Jews… and Christians in the history of the Roman Empire. Within 3 years the Antonine Plague killed eight million people, a third of the population.

 

Four TOTAL lunar eclipses occurred on the Jewish Passover and Yom Kippur Holidays in 795 - 796 AD while King Charlemagne of the Holy Roman Empire established a DMZ buffer zone between France and Spain, ending centuries of Arab invasions into Western Europe.

Four TOTAL lunar eclipses occurred on the Jewish Passover and Yom Kippur Holidays in 842 - 843 AD. Shortly after the eclipses the Vatican church in Rome was attacked and looted by an Islamic invasion from Africa.

Four TOTAL lunar eclipses occurred on the Jewish Passover and Yom Kippur Holidays in 860 - 861 AD. Shortly after the eclipses the Byzantine Empire defeated Arab armies at the Battle of Lalakaon in Turkey and permanently stopped the Islamic invasion ofEastern Europe.

The last three “Blood Moons” are very important as they affect ISRAEL as we know it today:

Four TOTAL lunar eclipses occurred on the Jewish Passover and the Feast of Trumpets Holidays in 1493 – 1494. Only months after King Ferdinand and Queen Isabella of Spain ordered all Jewish people to leave the country (after about 200 AD, Spain became and remained a second Jewish homeland for well over a millennia. So deeply woven into the fabric of Spain are the Jews that neither history can be fully studied without considering the influence of the other).

“In the same month in which their Majesties (Ferdinand and Isabella)] issued the edict that all Jews should be driven out of the kingdom and its territories, in the same month they gave me the order to undertake with sufficient men my expedition of discovery to the Indies.” So begins Christopher Columbus’s diary.

The expulsion that Columbus refers to was so cataclysmic an event that ever since; the date 1492 has been almost as important in Jewish history as in American history. On July 30 of that year, the entire Jewish community, some 200,000 people, were expelled fromSpain. Tens of thousands of refugees died while trying to reach safety. In some instances, Spanish ship captains charged Jewish passengers exorbitant sums, then dumped them overboard in the middle of the ocean. In the last days before the expulsion, rumours spread throughout Spain that the fleeing refugees had swallowed gold and diamonds, and many Jews were knifed to death by brigands hoping to find treasures in their stomachs.

1492 was the same year that the Jews were expelled from Spain and Christopher Columbus ‘amazingly’…. discovered America which is home today for more than 5 million Jews outside Israel. Like Mordecai said to Esther – “help will come in another way!” And Americawas blessed by God. More important we believe that America’s purpose was to protect Israel and offer a safe haven for the Jewish people. However, the question is… how long will America still continue this in our day?

Four TOTAL lunar eclipses occurred on the Jewish Passover and Feast of Tabernacle in 1949 - 1950 during the 1st Arab - Israeli War for Independence just after Israel had become a nation again for the first time in 2,000 years. It should be noted here: that even though Israel declared themselves a nation in 1948, the first permanent government took office on January 25th, 1949. Israel had a transitional government in 1948. In this way the “(Tetrad) four blood moons” can tie to the year 1949 for the first elected office of that year and the birth year could still be 1948.

On 14^th May, 1948 - Israel proclaimed its independence. Less than 24 hours later, the regular armies of Egypt, Jordan, Syria, Lebanon, and Iraq invaded the country, forcing Israel to defend the sovereignty it had regained in its ancestral homeland. In what became known as Israel's War of Independence, the newly formed, poorly equipped Israel Defence Forces (IDF) repulsed the invaders in fierce intermittent fighting, which lasted some 15 months and claimed over 6,000 Israeli lives (nearly one percent of the country's Jewish population at the time).

During the first months of 1949, direct negotiations were conducted under United Nations auspices between Israel and each of the invading countries (except Iraq, which refused to negotiate with Israel), resulting in armistice agreements which reflected the situation at the end of the fighting.

Accordingly, the Coastal Plain, Galilee and the entire Negev were within Israel's sovereignty, Judea and Samaria (the West Bank) came under Jordanian rule, the Gaza Strip came under Egyptian administration, and the city of Jerusalem was divided, with Jordan controlling the eastern part, including the Old City, and Israel the western sector.

 

The war over, Israel focused on building the state which the people had struggled so long and so hard to regain. The first 120-seat Knesset (parliament) went into session following national elections (25 January 1949) in which nearly 85 percent of all eligible voters cast their ballots.

Two of the people who had led Israel to statehood became the country's leaders:  David Ben-Gurion, head of the Jewish Agency, was chosen as the first Prime Minister; and Chaim Weizmann, head of the World Zionist Organization, was elected by the Knesset as the first president. On 11 May 1949, Israel took its seat as the 59th member of the United Nations.

“The gates of the country were thrown open, affirming the right of every Jew to become a citizen.” David Ben-Gurion

Four TOTAL lunar eclipses occurred on the Jewish Passover and Feast of Tabernacle in 1967 - 1968 coinciding with the 6 Day War when Israel recaptured Jerusalem. As Israel's neighbours prepared to destroy the Jewish state, Israel invoked its inherent right of self-defence, launching a pre-emptive strike (5 June 1967) against Egypt in the South.

It was followed by a counter attack against Jordan in the East and the routing of Syrian forces entrenched on the Golan Heights in the North. At the end of six days of fighting, previous cease-fire lines were replaced by new ones, with Judea, Samaria, Gaza, the Sinai Peninsula, and the Golan Heights under Israel's control. As a result, the northern villages were freed from 19 years of recurrent Syrian shelling; the passage of Israeli and Israel-bound shipping through the Straits of Tiran was ensured; and Jerusalem, which had been divided under Israeli and Jordanian rule since 1949, was reunified under Israel's authority.

The coming Blood Moons of 2014 – 2015… These four TOTAL lunar eclipses and two solar eclipses WILL occur on the Jewish holidays of “Passover,” the “Feast of Tabernacles” and the “Feast of Trumpets.”

 

This is the only "tetrad" in the near future that aligns itself with the Jewish holidays. One should make mention here that there are other "tetrads" occurring as well. One tetrad occurred in 2003 - 2004. Future ones other than the 2014 - 2015 are found in 2032-2033, 2043-2044, 2050-2051, 2061-2062, 2072-2073, and 2090-2091… The difference between these "tetrads" and the 2014 - 2015 "tetrad"is that this "tetrad" aligns with the Jewish holidays and the others DO NOT!

Putting everything into perspective… The above does not mean that the Second Coming of Yeshua (Jesus Christ) at Tabernacles… has to occur on Tabernacles 2015. But, what the above taken as a whole does show a pattern. The "1493 tetrad"… is tied to the Spanish Government expelling the Jews. The "1949 tetrad" is the nation Israel being reborn" and the "1967 tetrad" is the recapture of Jerusalem. The coming "2014 tetrad"… will be tied to some major event dealing with Israel. We believe that the "tetrad" of 2014 through 2015 will have something to do with Israel for the start. The blood moons show a pattern of Jewish persecution… and then new land for Israel after a time of war!

This means that the blood moons of 2014 - 2015 will be a time of war or persecution for the Jewish people. This may LeadIsrael to gain and/or loose land during this time.

As of 2011 there has been war and crisis in the Middle East that has ignited violence and uprisings in Egypt, Libya, Syria, Yemen and soon to be other Middle Eastern nations. These Nations are at war and have increased the danger for Israel and a nuclear Iran in the coming years. The administration of America has increased the leadership of the Muslim brotherhood creating a more fanatical terrorist state that threatens Israel’s existence as a nation.

As of 2012 the world is on the edge of a financial collapse that could destroy the economy of Europe and America, one of the lone supporters of the nation of Israel. Keep in mind that Barrack Obama has declared the position of the United States is to divide the land ofIsrael to pre-1967 borders for the creation of a Palestine state within Israel.

2013 through 2014 will provide the leading events in the next 2014 - 2015 blood moons (tetrads) that are predicted to occur. The events may involve war in the Middle East and a financial crisis around the world that will affect the land of Israel or the Jewish elite in New York City.

It cannot be regarded as coincidence that all four blood moons of 2014/15 occur on religious festivals of Israel, together with two eclipses of the sun also on important days in 2015. A blood moon will occur on the 14th day of Nisan in 2014, when the Passover will be celebrated in Israel (Leviticus 23:5). Nisan is the first month in Israel's religious calendar. On the 15th day of the seventh month (Tishri) when the Feast of Tabernacles begins (Leviticus 23:34) there will be another blood moon.

Exactly the same pattern will be repeated in 2015. Because of Israel's lunar calendar these dates all coincide with the full moon - on these occasions the moon will become blood-red. Apart from the lunar eclipses there will also be two eclipses of the sun in 2015… on the first day of Nisan and again on the first day of Tishri. The Rosh Hashanah (Jewish New Year) is celebrated on 1^st Tishri, which is the beginning of their civil calendar.

The eclipses of the sun and moon confront us with precise dates which cannot be manipulated…! Nevertheless, these signs should not be seen as an attempt to date-setting for the Second Coming of Christ but rather as a wake-up call to be ready for what may happen in the near future. Now is not the time to lapse into spiritual slumber like the Matthew 25 foolish virgins.

Repeated calls by radical Muslims for a world-wide jihad are now heard everywhere - from Iran, Syria, Lebanon, Afghanistan, Pakistan,Egypt, the Palestinian territories in Israel, and even from Muslim groups in London. The scene is set to launch a major attack against non-Islamic infidels. The suicide bomb mentality of these terrorist Islamists has over and over demonstrated that they have a fanatical, religious-driven hatred for their enemies and will not hesitate to plunge the whole world into chaos!

Israel still remains their most important target, but the Lord will not allow them to annihilate His people. According to; Psalm 83 Israel’s surrounding Arab enemies and Ezekiel 39:1 - 5 radical Islamist Muslims who will invade Israel under the leadership of Russia (Magog) will be destroyed on the mountains of Israel. That, together with the rapture, will bring about the end of the church dispensation and offer the Antichrist the opportunity to be revealed as Satan's world leader.

NOTE: There is a huge difference between astrology and astronomy. Astronomy is a natural science that deals with the study of celestial objects (such as stars, planets, comets, nebulae, star clusters and galaxies) and observing the cycles in the heavens. Astrologyis witchcraft, where they believe the order of the stars leads them to a successful life or warns them of things coming. In biblical times, watchmen were posted on the walls surrounding the city. They not only watched for an enemy approaching, they also recorded anything happening in the night sky. From historical events on earth during the same time that unusual heavenly events were recorded, they observed a relationship pattern of occurrences relating to heaven and earth. (Israel’s calendar is linked with the cycles of the moon, but keeps with the solar cycle by their leap years).

The Jews require a sign… If it does line up with Israel fleeing into the wilderness, Israel will see the eclipses occurring on their feast days to show them that the time for their redemption is near.

God created the heavens and the earth and the sun, moon and stars are totally controlled by his power. The story of Joshua, Hezekiahand the three wise men following the star to the location where Yeshua (Jesus) was… is Bible validation of God's absolute control of the universe. Genesis 1:14 states that God has put lights in the firmament and let them be for "signs." The Hebrew word for "sign" is "owth" which means also "a signal."

Other interesting facts:

1. Passover is the first annual feast.

2. Sukkoth is the seventh and final annual feast.

3. AV is a month of mourning for the Jews.

4. The 17th of Tammuz to the 9th of Av is a 21-day period of mourning for the Jewish people.

5. The next seven year cycle began on Rosh Hashanah on September 30th, 2008… and will end on Rosh Hashanah on September 13 - 14, 2015

6. The sabbatical year in the seven-year cycle begins on Rosh Hashanah on September 25, 2014, and ends on Rosh Hashanah onSeptember 13 - 14, 2015 — the day of a partial solar eclipse 2000-year history of blood-red moons' connection to Passover and Sukkoth. During this century, the only string of four consecutive blood moons that coincide with God's holy days of Passover in the spring… and the autumn's Feast of Tabernacles (also called Sukkoth) occur in 2014 and 2015 on today's Gregorian calendar.

7. There were no astronomical back-to-back blood-red moon events in the 1800s, the 1700s or the 1600s. In the 1500s, there were six… but none of those fell on Passover and Sukkoth. The 2014 / 2015 "tetrad" events will be the last of the century! 

In biblical prophecies there is a direct correlation between signs in heavenly bodies and distressing events happening on earth…. We are rapidly approaching the time of the fulfilment of these signs.

Iran will be allowed to buy gold but not take it as payment for oil

http://www.bloomberg.com/news/2013-11-24/iran-agrees-to-historic-deal-wi...

GENEVA, Switzerland -- Iran and world powers struck an initial accord that broke a decade-long diplomatic stalemate, setting limits on the country's nuclear program in exchange for about $7 billion in relief from sanctions over six months.

Iran agreed to curtail its nuclear activities and in return won an easing of "certain sanctions" on oil, auto parts, gold, and precious metals. The deal, which is reversible, was announced today after five days of talks in Geneva. It releases some of Iran's oil assets and allows it to keep exporting crude at current levels.

The accord is the first major crack in the deadlock over Iran's nuclear program since 2003, when Hassan Rouhani, now the president of the Islamic republic, was its top negotiator. Since then, the dispute over the purpose of the program has helped deepen sectarian rifts in the Middle East, sparked threats of military action by the U.S. and Israel, and raised concerns that the oil-rich region was heading for a nuclear arms race.

The deal also marks a breakthrough in relations between the U.S. and Iran 34 years after the Islamic revolution fractured ties. Backed by President Barack Obama and Rouhani, the pact faces opposition from Israel, with Prime Minister Benjamin Netanyahu calling it a "historic mistake." Critics in the U.S. and Iran may also hamper efforts for further detente.

"Everything that had happened since 1979 is a deterioration of relations between Iran and the West," said Ghanem Nuseibeh, the London-based founder of Cornerstone Global Associates, which advises clients on risk in the Middle East. "This is the first major reversal of that deterioration."

The agreement was announced by diplomats including Iranian Foreign Minister Mohammad Javad Zarif and U.S. Secretary of State John Kerry in the early hours of today. The two sides now aim to conclude a comprehensive accord within six months.

Diplomacy has "opened up a new path toward a world that is more secure," Obama said. The agreement halts Iran's nuclear progress and "key parts of the program will be rolled back," he said. "These are substantial limitations which will help prevent Iran from building a nuclear weapon."

Rouhani, who announced the news in a televised address, may also be strengthened at the expense of Iranian hardliners who rejected any compromise with Western powers.

"Constructive interaction is the motto of this government and it can be achieved through trust, the initial steps of which have been taken," Rouhani said.

The agreement comes less than six months after Rouhani won a surprise first-round election, campaigning on pledges to resolve the nuclear dispute and help the economy.

Western nations have accused Iran of harboring nuclear-weapons ambitions, a charge it denies. The U.S. and Israel have said they are willing to use force if needed to prevent Iran obtaining an atomic arsenal.

"I have serious concerns that this agreement does not meet the standards necessary to protect the United States and our allies," House Foreign Affairs Chairman Ed Royce, a Republican, said. "Instead of rolling back Iran's program, Tehran would be able to keep the key elements of its nuclear weapons-making capability."

Eric Cantor, the second-ranking House Republican, said the U.S. "must remain vigilant and respond immediately and severely to any cheating or wrongdoing by Iran. And we must rebuild our alliances in the region and stand firmly with our closest partners against Iranian aggression."

Under the deal, Iran must improve cooperation with United Nations monitors, commit to eliminate its stockpile of uranium enriched to 20 percent levels, and halt advanced centrifuge installation, the White House said in a statement. Iran also won't commission its Arak heavy water reactor, which, if it became operational, could produce plutonium and give the country a second path to nuclear weapons.

In return, Iran will be able to repatriate $4.2 billion in frozen assets, the Obama administration said. The accord will "suspend certain sanctions on gold and precious metals, Iran's auto sector, and Iran's petrochemical exports, potentially providing Iran approximately $1.5 billion in revenue," the administration said.

The accord also provides $400 million in tuition payments to schools for Iranian students studying abroad and will allow access to civilian aircraft parts.

Some curbs on gold trading also will be removed. While Iran will be allowed to buy and sell precious metals, including gold, it will be barred from accepting them as payment for oil or any other sanctioned transaction, according to the officials. Iran sits on the world's fourth-largest proven oil reserves.

The accord was reached after foreign ministers from the U.S., Europe, China, and Russia made unscheduled trips to Geneva to push the third round of talks in six weeks to a conclusion.

The deal compels Iran to clarify work that has been the focus of International Atomic Energy Agency inspectors. The agency, which convenes a quarterly meeting to discuss Iran this week, two years ago published a list of people and places that may have been involved with atomic-weapons work.

While the agreement fell short of demanding a visit to a military site south of Tehran where Iran is alleged to have tested nuclear-bomb triggers, it forms a commission with international monitors "to facilitate resolution of past and present concerns with respect to Iran's nuclear program, including the possible military dimension of Iran's nuclear program and Iran's activities at Parchin."

The agreement will probably have a "somewhat muted" effect on oil prices, according to analysts including Mark Keenan, cross-commodity research strategist at Societe Generale in Singapore. "We can, however, expect some price weakness as the market adjusts to the future prospect that Iranian exports will resume," he said by e-mail.

Brent crude for January settlement rose 97 cents, or 0.9 percent, to $111.05 a barrel on the London-based ICE Futures Europe exchange on Nov. 22, the highest closing price since Oct. 11.

Israel and Saudi Arabia, both longtime U.S. allies, have opposed any deal that allows Iran to retain sensitive nuclear technologies. Israel has signaled it's ready to take unilateral military action against Iran to halt a nuclear program.

"What was achieved last night in Geneva is not historic; it is a historic mistake," said Netanyahu. "Today the world has become a much more dangerous place," he said in comments broadcast on Israel Radio. "Israel is not bound by this agreement."

Opponents of a thaw with Iran have support in the U.S. Congress, where legislators from both parties have pledged to seek tighter sanctions. It's not clear whether they will abandon or escalate those efforts after the Geneva accord.

"If five years from now a nuclear suitcase explodes in Madrid and New York it will be because of the agreement signed this morning," Israeli Economy Minister Naftali Bennett said in an e-mailed statement.

The United Arab Emirates, another U.S. ally in the region, welcomed the agreement, describing it as a first step toward a permanent accord, the state-run WAM news agency reported.

Business between Iran and the U.A.E. declined 83 percent to $4 billion because of sanctions against the Islamic republic, Kerry said Nov. 11.

Another move by China away from dollars

Today the man who predicted the recent takedown in the gold market ahead of time told King World News that the war in gold has now greatly intensified as a massive battle is now raging in London.  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, not only spoke about the war in gold, but he also shared with KWN additional news about the West’s increasingly desperate actions in gold, as well as catalysts that will change the course of the battle.  Below is what Kaye had to say in this fascinating and powerful interview.
Kaye:  “The major news that nobody cares about is China has now announced something we’ve been anticipating for quite some time, which is they are now going to be invoicing their oil imports in renminbi.  This is another major step in China sidestepping the US dollar as the world’s reserve currency....

“This means that China will have bilateral trading arrangements with Russia and the other major countries, such as Iran, that provide energy to China.  So, again, this is another brick out of the wall for the US dollar and by the same token US hegemony. 

But nobody seems to care, and if you noticed, instead of gold spiking $50 or $100 higher on that news, it was smashed lower.  In a way this should come as no surprise because this is exactly what has happened on gold bullish news practically all year.  

But what we also know, based on press reports, is that the gold Hugo Chavez worked so hard to secure before he mysteriously died, some of that gold is being reclaimed in a financing arrangement, which on the surface appears quite complex.  So I don’t want to speak about that because as a former investment banker I would need to see the term sheets and so forth.  I don’t want to rely on an anecdotal press report which really was fairly incomplete as it related to the details.

But what was very clear in the press reports (out of Caracas) was that because of the pressure on the Venezuelan economy, the new Prime MInister Maduro, the guy who replaced Chavez, is essentially leasing back to the West, with Goldman Sachs being the broker who would be the custodian, at least some of the gold that Chavez had retrieved. 

I guess there are a few ways of looking at this:   One is that this certainly would be a marker for desperation on the part of the bullion banks and the Western central banking system, including the agent bullion banks, to get gold from whatever sources they can.  We’ve talked about GLD and exchange-traded funds in the past, and by the way, they have consistently been raided this week after being left alone for a while.  So that looting is starting to reoccur.  Now you have this Venezuelan deal.  

I’m not sure what we are going to see next, but one thing is for sure, the prosecution of this scam is still ongoing.  I can tell you that based on the data we have on yesterday’s AM and PM fixes in London, an enormous amount of gold changed hands.  I would assume China was a big part of that.

I can also tell you that at this $1,240 area there is immense sovereign wealth fund and central bank interest for physical gold.  I strongly believe they will continue to demand spot allocation.  So the war in gold is now becoming frenetic.  The paper gold smash, which can be totally controlled by the Western central banks, and the agent bullion banks, is now being met front and center by enormous physical demand from my area of the world.

At the end of the day, the bet I’ve made, and it’s a major bet, is that the forces of good will win.  But at the moment, the forces of darkness are still ruling the paper market.  I can assure you that even though these dark forces are winning some battles, they will definitely lose the war, and as they are defeated the price of gold will experience an enormous re-pricing to the upside.  We are talking about a move higher that will shock the world.”

Prosperity Dying Under Obama’s Watch

Even Wal-Mart is too expensive for recession-battered America.

Everyday low prices are no longer enough — middle-class consumers are fleeing to dollar stores to stretch shrinking paychecks. Yet, Democratic politicians and economists who fashioned their failed policies tell us the economy is on the mend. 

Janet Yellen at her confirmation hearing bragged that the economy has created 7.8 million new jobs, and assured senators it’s just a matter of time before the Federal Reserve stops printing money to purchase $85 billion in government debt. Incidentally, this funds President Barack Obama’s stimulus spending and reckless expansion of government into healthcare. 

She reassures us that Fed policymakers are just waiting for the right moment. That may be when hell freezes over, because Obama’s spending and borrowing are imposing “Eurosclerosis” on America: slow growth, high youth unemployment and a level of debt that will force presidents in the next decade to either dry dock the Navy and stand down the army to pay all the interest and the entitlements he has created. 

Washington will have to dramatically curtail most federal spending for road building, medical research, education and support for law enforcement to maintain the barest levels of government administration.

Welcome to Italy, or worse, Detroit’s woes, generalized across America, where it takes nearly an hour to summons police in an emergency.

Since unemployment peaked at 10 percent in 2009, the economy has grown at a paltry 2.3 percent annual rate. By way of contrast, unemployment peaked at nearly 11 percent for Ronald Reagan, and over the same period as the current recovery he delivered 4.9 percent growth and 12 million new jobs.

College graduates driving taxis during the Carter years found bright new futures and ultimately gave us the New Economy of the Clinton presidency.

Reagan tackled ailments that besieged the country, whereas Obama ducks the economic challenges that hold back growth — a dollar that is overvalued, government regulations shutting down new oil and gas offshore and on the North Slope, and business regulations that are more burdensome than effective.

Dodd-Frank is forcing small and regional banks to sell out to their larger brethren who take the virtually free money the Fed is stuffing on their balance sheets to gamble and worse. 

Consider JPMorgan’s mammoth losses in the London Whale trading debacle — and criminal activities. Many of its executives, and perhaps the bank itself, face criminal indictment according to the recent settlement of civil and regulatory claims with the Justice Department.

Economists across the spectrum propose reasonable solutions to the problems of Chinese and Japanese currency manipulation that swell U.S. store shelves and car showrooms with artificially-cheap, subsidized goods and steal jobs from American workers.

Printing lots of money and dolling out Medicaid and health insurance subsidies to families earning up to $100,000 a year, funneling money to states to hire more unionized workers to reliably vote Democrat, and standing idle while the IRS terrorizes conservatives who criticize the president’s policies won’t fix what’s broke.

The combination is a prescription for the decline, distain and despair that gave Europe fascism in the 1930s, and if the Democrats beat down the middle class enough, don’t think it can’t happen here. 

American democracy has always stood on a foundation of individual initiative, personal responsibility, and prosperity. Those are going away as Barack Obama changes America. 

Next move in gold futures is up to JPMorganChase

The next move in the gold futures market is up to JPMorganChase, the TF Metals Report's Turd Ferguson writes today, arguing the JPM is long and dominant enough in the market to squeeze the shorts or to sell and smash the price down again. In any case, Ferguson writes, there is likely to be great volatility in gold futures for the remainder of this month as the December contract expires.

Ferguson's commentary is posted at the TF Metals Report's Internet site here:

http://www.tfmetalsreport.com/blog/5251/november-bank-participation-repo...

And Future Money Trends has just done a 19-minute audio interview with Ferguson here:

http://futuremoneytrends.com/blog/?p=12365

QE to infinity' is the policy now

As the Dow breaks 16,000, and pressure on the gold and silver markets continues, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, spoke with King World News about “Orwellian propaganda,” delays, and a catastrophic end game.  Below is what John Embry had to say in this fascinating and timely interview.
Embry: “As you know, Eric, sentiment in the silver market is even more negative now than it was at the historic low set on June 27th.  But nothing has changed on silver.  People need to understand that there is a lot more demand for physical silver than there is actual silver coming out of the ground.
Obviously the people running this paper scam are going to every above ground source in order to get inventory to keep the price from exploding....

“The fundamentals are so powerful in terms of the supply/demand for silver, and when you superimpose on top of that the monetary debasement we will have to experience in coming years, I strongly believe that in the fullness of time silver will be one of the greatest bull markets in the history of the world.

You are talking today about a price today of roughly $20 for silver, but you will see triple-digits before this is over, and even way beyond that if things continue to unfold in a hyperinflationary manner.”

Eric King:  “John, when you talk about the supply/demand imbalance for silver, many people wonder where the physical silver is coming from?  Where is it coming from?”

Embry:  “Last year when the silver market was really tight, one of the buyers was JP Morgan.  Some believe this has given them some ammunition to continue their paper takedown here.  But one of the things that is happening is that the COT (Commitment of Traders Reports) reports have been showing that the banks, the very entities that have been conducting the suppression of gold and silver prices for years, are getting materially long at the same time that the speculators are going very short.

I think this is a pre-condition to an explosion in the price of both gold and silver because once the bankers are long they have no problems with letting the price rise.  The reality is that the fundamentals have been terrific, it’s just been the bankers’ takedown of this whole sector for the past almost 2 1/2 years that has created this remarkable opportunity. 

People need to understand that the fundamentals will eventually overrun the price suppression.  At that point the true price for silver will be revealed.  I don’t know what that number is, but it’s a heck of a lot higher than what you see on your screen today.”

Embry added:  “Like most people I had to endure Janet Yellen’s testimony to Congress in her confirmation hearings.  She’s not stupid or she wouldn’t be where she is, but some of her comments really strain credibility.  I can’t believe that she actually believes this, but she said: 

“A strong recovery will ultimately enable the Fed to reduce its monetary accommodation, and reliance on unconventional tools such as asset purchases.  I believe that supporting the recovery today with QE is the surest path to returning to a more normal approach to monetary policy.”

Well there is no way in God’s Earth that is going to work.  If it was going to work it would have worked some time in the last 5 years.  If anything the economy is now receding again.  So for her to say something that stupid really makes me uncomfortable.”

Eric King:  “What does all of this mean in terms of the end game, John?”

Embry:  “Basically, what we talk about on KWN, it’s not ‘if,’ it’s ‘when.’  And that’s the hardest question because there have been so many innovations in finance, and the ability to get more leverage and money jammed into the system, that this has gone on far longer than any sane person believed possible.  This just makes the end game all that messier.

But as to whether they can keep this charade going for another six months or a year, I don’t know.  All I know is that the longer it goes on, the worse the outcome is going to be.  Meaning, there will be a horrific price we will all pay because of what these people are doing.  Austrian Economics teaches us that.

People just have to take a step back from all of the noise and realize that ‘QE-to-infinity’ is on.  The appointment of Janet Yellen to the Fed is part of this disastrous policy.  She is going to take this thing right over the cliff.  The powers that be realize there is no alternative but to keep printing.  But what they try to do is constantly fool the public by having a seemingly never-ending stream of Orwellian propaganda coming out of the various Fed governors and other spokesman.

The bottom line is they are trapped and KWN readers around the world should ignore the propaganda.  The fact is that they have no alternative because if they don’t keep printing, interest rates will rise sharply and the whole debt system will implode.  That day is coming regardless, but they are desperately attempting to hold that day of reckoning at bay as long as possible, but all if this delaying just guarantees a catastrophic ending.”