East Coast Economic Update for November 3, 2009!

[SoloCerveza]

what would happen to these coutries buying all this gold if its decided by the real PTB that neither gold or silver will be the new standard but something else???

[netmasta10bt]

india bought half of what the IMF was going to sell. they are not selling all their gold.

[mro819]

Luke 21: 28And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

[nitdiver5]

Yes, we have to be close. In my opinion those saved have less than 19 months left on earth and probably less than 11 months. There is a good chance the rapture will occur during Rosh Hashsanah 2010. in any case I believe the Tribulation starts mid 2011. Zacharaiah 1:12-16 God is mad at Israel for 70 yrs. 1948+70=2018, then come back 7 yrs for the Trib. Daniel 9:27 and Rev 11:2 refer to the treaty that makes Gaza a nation and allows Israel to build the 3rd temple. Both are set to happen in 2011.

[jozxyqk1]

Prince Charles is not going to become King of Europe. That is so ludicrous it's not worth talking about. I'm sure his remarks were taken out of context. Perhaps he was joking. I doubt very much that he seriously expects to become King of Europe.

[raincityusa2010]

haha...it's so far out there you have to laugh at it....

[kra1813]

I am glad to some one her has a brain in thier head!

[slobomotion]

Oh, wow, your message is not typed very well!

[patriotsundergod]

Interesting thing about prince Charles is that he traces his lineage back to David and also to Mohamed, and he is in the best position to negotiate a middle east peace agreement. It is interesting that the descriptors of the Mehdi in the Koran are shockingly similar (if not completely identical) to the Antichrist of the Bible. Could Charles be the Mehdi and the Anitchrist? What does that say about Islam?

PS. I am going to Israel in a few weeks! I can't wait.

[Kittenkattan]

The Koran and the Christian scriptures proves my theory that the Ebionites eventually became Islam and Paulines' became Christianity. Similar beliefs to the two original sects of Judaism.

Enjoy Israel! Take a lot of pictures and share them!

Peace.

John.

[kra1813]

Religion spoils everything.

[fal2grace]

I didn't realize it was HALF of the IMF's gold...you're right; doesn't make sense. Also I thought Buffet's big raliroad gamble didn't seem reasonable either... guess we'll see. Thanks John!

[ninesticks]

my untutored view is that we project too much complexity on things we do not understand....india bought the gold for the same reason most would buy the gold..as a value store...and so doing expect a drop in the currency they used in the transaction...period... thus, i would agree that the trend is more towards your second option...

[ZenChat]

FACTS:

1> India bought the Gold many months back. It was only announced now since announcing earlier would have hurt the price of dollar.

2> This Gold will be storied in Fort Knox (USA).

[doc7474]

That is a big question..why would the IMF want to sell that gold..why?

[limitedplay]

sounds like one of those chicago politics closed door deals

[misscassiegirl]

It's all been foretold. Great update John. The Middle East is a hotbed, Rise of the Eu. The dollar on the way out. Open your eye's brother's. Another thing John. Look at the amount of earthquakes this year 5 or stronger. Everything is falling right in place.

[BLynchCAN]

Can't be 'half', six billion ?

[halfasheep]

This was'nt half of the IMF's gold was it?

Just half of what they have been threatening to sell.

[watcher0777]

so your view of prophecy is that the eu is the revised roman empire the last kingdom, meaning the one world government/kingdom that will be destroyed in the end by the messiah, the stone the builders rejected, cut out without hands in daniel? this is interesting and if you prefer pm me. prophecy is in play imo in all this, i.e. the economic situations and impending nwo/owg. it has our attention, can you say Jerusalem, Al Quds, Zion, thank you friend

[CaligalinLibrary]

I thought I read somewhere years ago that the antichrist was born in 1962 or 1963.

[theeastwatch]

I could be wrong but wasn't that sale of gold from the IMF - wasn't that half of the gold they had designated to sell off? Like they decided they were going to sell X portion, and as it turns out India stepped up to the plate and bought half of this allotment.

[DavidAKZ]

Charles or Tony the antichrist ? Oh here is a question. Without transparent audit how does anyone know if the sale amounts to 1/2, 1/4, 1/x etc ?

[mlong5151]

gold is decoupling from the us dollar. thats reserve currency status

[fee1776]

The animal symbols listed in Revelations correspond to Middle East nations such as Turkey, Iran, Egypt and etc. IMHO the anti Christ will be an Islamic leader unifying these Muslim nations against Israel. They will be powerful enough to nullify US influence in the area. I do not see a US or EU type nation involved with Armeggedon. battle or invasion.

[hunt1803]

Things seem to be accelerating and are getting more interesting on all fronts... sheesh... Hang onto your hats.

Here's a short vid from Stratfor on the Lisbon treaty watch?v=p1GlYVnzZsc

[dwfierce]

thanks John

[veritasfiles]

That Gold buy on the part of India is very interesting. Possibly hedging against what they see coming witht he U.S. and jumping on the China Gold-Buying Band Wagon?

[whiskerchild]

Thanks for the video

[clayvessel]

Prince Charles wants to be a bloody tampon--- not an EU president...LOL..

[Stealth0031]

Does India buying 1/2 of the IMF's gold mean China gets the other half???  Mmmmm.

[icebreaker7]

Five stars for calling out of the Treaty of Lisbon. I was just about to make my own video about it.

KUDOS!!!

[taxmaxtony]

a nutty possiability. check the shroud of turin. beside prince william looks like could be same person. Diana tried to committ sucide while pregnat with william, said she felt like a birthing chamber, and through herself down steps. If shroud is original then the blood stains have DNA, cloning of jesus. a clone has no soul. I believe also his age in 2012 is the same as jesus when he started his ministry. Its an interesting theory. With some interesting coincindences.

[Steven6229]

The coat of arms is a very precise description of the revelation of the beast so when i read the antichrist and a cup of tea i was shocked to see that comparision kinda fraked me out.

[7164S]

Actually I believe it was half of 400 tons they had been given permision to sell. Four hundred tons represents 1/8 of the IMF's total gold reserves according to one report that I read.

Zero = AC and RE = False Prophet IMHO

Keep up the good work. I enjoy your very good comments and preditions.

[1pigslayer]

so if prince charles name does come, how does that make you feel?

[Kittenkattan]

It makes me feel proud to be an American!

[larasa007]

I am sorry I don't know much about the Lisbon treaty, you mention that "power to raise an army" what I am trying to figure out thou is in what respect is that applicable to us? We would still be more powerful then them wouldn't we? I never followed up E.U topics because its so foreign to me and they are our allies. Sorry if sounds like a dumb question I just can't seem to find the correlation here, but I do read that some swear by the treaty and some swear at it.

[slobomotion]

Don't apologize. This is a good place to ask questions! Europe is the richest "nation" on the planet now, not the USA anymore, so some people are worried about this. The EU still does care about the US and doesn't want them to fall apart, I believe. I've lived in France for 15 years and have never once heard any anti-American comments, ever, by the way.

[larasa007]

Thank you for replying, I should know more about Europe as my fathers ancestors are from a small area called Luxembourg. I was trying to learn about the Lisbon treaty the pro's and cons and I'll say its rather confusing. One day I would love to travel through Europe.

[UncoverTruth]

How will this pneumonic plague in Ukraine figure into everything?

It's being reported 3000 now dead - 205,000 sickened...and that's just in the last week. I'm concerned that everything is starting to come together...

[UncoverTruth]

I read that China asked to buy 400 tons - but that they sold the 200 tons to India and they purchased with USD? Is that confirmed?...can't remember where I saw that today...what is going on...

[msamour]

John, It seems to me that it is a strategic move on the part of the "Western" international financial institutions. In the Eurasian sphere of interest where China is becoming a big player, would it not make sense for the IMF, IBS, and other int'l (read criminal banksters) to prop up India to create a counter to the Chinese? The same can be seen with the nuclear deal. The U.S. has a deal with India, which by the way should be illegal, but isn't. Something to think about. Mike, London, On.

[Kittenkattan]

ooooh, a proxy war in Eurasia! Interesting. We will have to speak about that on Saturday night!

Peace Michel!

John.

[SilverRose09]

It is also a theory that many Jewish will convert into Christianism at the time of the antichrist. Jewish are very educated and will understand the truth better than anyone else. Maybe you will one of them.  Peace

[Kittenkattan]

That's interesting. Because in the Talmud states when the Messiah comes, many Christians will convert to Judaism as stated in Zac. 8:23. Maybe you will be one of them.

Peace.

[DavidAKZ]

Yo ! Peace.

[EquilibriumTheory]

You realize the Jesus' disciples and Paul didn't convert. They still practiced Judaism and were still held to Jewish law. They simply believed Jesus' first coming fulfilled some (not all) of the Messianic prophecies. (Since Jesus is not dead, he will return to fulfill the remainder of the prophecies).

Ugh, so few Christians realize the Jewish roots of their faith.

[Michigansnowpony]

OT -- John, Clif High is on Rense radio tonight during the 2nd half of his show -- starting shortly. Just an FYI. I'm hanging around the computer to listen in. He's supposed to be discussing 2012.

[CaptainTripsz]

What I want to know is how does 200 tons of gold dumped into the market run the price up? I would have thought gold would go down.

[Kittenkattan]

It should drop the price, but I think it slowed the quicker pace. I think it's just a matter of time.

[tinslatee]

the sale never entered the market, no discount was given to India so they payed market price @ 1041. Never effected the market cause it was an off market sale.

[Kittenkattan]

Interesting. I should have since it is such a large purchase. But, I think (a theory of course) that the IMF and USA is out of gold completely and we are just moving paper now. The ultimate bubble!

[DavidAKZ]

But hasn't it been a bubble since 1971 - Nixon Shock ?

[CaptainTripsz]

Im not an expert on the history of metals but as I understand it after we got off the gold standard we were no longer restricted by how many dollars could be printed out of thin air. Not long after the end of the gold standard the Hunt brothers did their thing and a lot of people got burned and lost faith in gold. So all the old timers went with dollars and stocks and all the young people followed because it worked. I think people and gov'ts are now waking up and loading up on the metals.

[DavidAKZ]

Thanks for the comment. What did the Hunt brothers do ?

[CaptainTripsz]

In a nutshell they had enough money to buy a bunch of gold so that it looked like the demand was going up and as more people jumped on and kept the prices rising they dumped it to bring the price down to buy more. It was a pretty obvious manipulation and I think they went to jail. Kinda like the Madof guy. It was around 1980 or so. Before Nixon the gov't controlled the price of gold so there really isnt a whole lot of free market history of gold in modern times. Nobody knows what can happen.

[hunt1803]

The Hunt brothers did a Madoff on silver in the late 1980s

[hunt1803]

whoops, meant the late 1970s

[Michigansnowpony]

That's interesting. So maybe it was simply the awareness that India was buying that caused the little "gold rush" we saw today? I think $1085 is a new record, isn't it?

Every day holds new surprises, eh folks?

[EquilibriumTheory]

The IMF has been saying they are going to sell this gold for over a decade. Crying wolf so to speak... Now, they finally get the sale approved on Sept 18th and then India buys half of it at near records prices (in dollars). This tells the market several things.

1) The IMF threat to drive down prices is baseless.

2) India thinks gold will appreciate (or more correctly, the dollar will decline).

3) IMF gold isn't available for paper gold games at the COMEX and LMBA (unless India is playing ball).

[CaptainTripsz]

Do you think maybe the IMF has been bluffing this whole time and now India called it? Perhaps the IMF doesnt have as much physical as they claimed so today they had to start buying up what they could to cover their shorts and that was the demand we saw? Somebody bought a lot of gold off the regular market even if this IMF deal was something irregular. Will India demand physical delivery? Will Somali pirates intercept it? Man I got a ton of questions.

[EquilibriumTheory]

I have no idea. The possibilities are as endless as the human imagination.

I doubt all the IMF's 3200 tonnes is paper, but with all the metals leasing, I don't think the LMBA or COMEX has the gold it claims, and this sale put 200 tonnes of gold out of reach so the bullion banks can't use it to cover their short positions. The gold market is clearly under strain, but from what?

I don't claim to know what is going on. The only thing of which I am sure is my gold and silver aren't for sale.

[CaptainTripsz]

You know, do you think theres some kind of restriction that forbids India from selling their newly acquired gold the next day for a profit? Im mean if gold goes up 100 bucks this week whats to stop them from selling for a nice profit then driving the price down to acquire more. Sort of a Hunt brothers scheme. Has anything of this magnitude ever happened?

[NYpinstripes25]

because it never came in the market, since the sale was between two powerful institution.... Gold was bought by Reserve bank of India, and by reserve, it means for reserve....... The sale could also be condition. Though it was bought on market price, perhaps, there is off the market condition that if Gold goes down to 800 within 2 yrs, IMF would cover the loss.... It was institutional transaction, unlike the Chinese transaction from the market the saw them accumlating gold over the yrs..

[fatpius]

after my 4th comment, yt, said i had exceeded my comments 'limit'. sum'thin's up. started two days ago, plus my subs are NOT coming up. maybe, it's just me.

I'm confused too kk, on more than one level.

[UncoverTruth]

I'm getting the same thing happening as well

[M0LONLABE]

same thing here ...

[Swifive]

1/8 th of its gold is 403 + tonnes. they hold (held) 3200 tonnes. (supposedly)

Interesting that India was an original depository for IMF when it was set up after the war. There has been no physical transfer. Possibly they were just covering a short? Part of or helping the Gold Cartel? Large mines covering their hedges to the tune of 1,800,000 ounces in October (2 mines, Barrick and one other)

Huge physical shortage close at hand?

You tell me.

[ddupuis000]

200 tons is 50% of what they planned to sell which was 400 tons, the IMF has more than 3000 tons.

[DavidAKZ]

Do we know this for sure ?

[LysSpooner]

yes the IMF has 3000 tonnes

[kra1813]

Do they ? Or is it all on paper?

[LysSpooner]

"for sure"? well maybe lol

[skybirdbird]

TKX for the update...........always nice to hear your input.....

[horsehorsehorse400]

Thank you! Great information for me.