This article was written by Mac Slavo and originally published at SHTFplan.com
Why is George Soros moving billions of dollars out of stocks and into gold assets and other precious metals?
Perhaps the point of collapse has arrived.
The suggestion seems to be that a point of no return is coming for the stock market system of illusion and usury. The Fed’s great bubble is getting ready to burst. It is playing out on a time frame decided, undoubtedly, by those closest to the inside.
Worse, the end of the U.S. petrodollar is playing out, with plenty of geopolitical drama as currency wars threaten to undo the foundation that the nation has been resting upon.
When the music stops, the economy will shatter and collapse in a devastating wave that will catch the vast majority of Americans off guard. It isn’t the first time Soros’ positions have served as a stark warning.
Soros is shifting towards gold because he understands what is coming, and likely has several tricks up his sleeve.
According to the experts, fear of the dollar is driving his gold purchases.
via Sputnik News:
Maybe the best argument in favor of gold is that American legendary investor and billionaire George Soros has recently sold 37% of his stock and bought a lot more gold and gold stocks.
“George Soros, who once called gold ‘the ultimate bubble,’ has resumed buying the precious metal after a three-year hiatus. On Monday, the billionaire investor disclosed that in the first quarter he bought 1.05 million shares in SPDR Gold Trust, the world’s biggest gold exchanged-traded fund, valued at about $123.5 million,” Fortune and Reuters reported Tuesday.
Soros’ move with the gold price hovering well below 2011 levels seems in line with the great reckoning that is taking place across the economic landscape.
Those who haven’t hedged and moved away from the false strength of the dollar are apt to lose everything they have.
via The Last Great Stand:
In the video, Franchi discusses how Soros, the “legendary billionaire and front man for the Bilderberg Group, and sometimes referred to as ‘The Currency Killer’” (a more appropriate description I think) recently sold off 37% of his stocks, and bought gold and gold stocks with the proceeds. What can we learn from that? PLENTY!Pay attention to the large moves that are happening against the backdrop of entertaining and disturbing news events.
Even though gold the price of gold is quoted in terms of U.S. Dollars (for now anyway), there is no “direct” relevance to the U.S. Dollar according to Juan Carlos Artigas, director of investment research at the World Gold Council. With that said, Gold’s moves are sometimes linked to the dollar, because the metal often trades inversely to moves in the greenback.When investors fear the U.S. Dollar is losing power (or on the verge of implosion in this case), they rush to gold to hedge their bets, and vice versa. Another tool many people have been flocking to as a means to hedge the U.S. Dollar is silver, because 1) it’s less expensive than gold and selling at a historically low price right now; and 2) when the big collapse does come, it will be easier to barter with small denominations of silver, than it will be with gold which is currently selling for over $1,200 per ounce.
the U.S. is about to be SCREWED when it is no longer able to conduct trade with worthless U.S. Dollars and no gold.
Things are unraveling, things are accelerating and change is going to happen in a big way.
For those who are unprepared, it will be very, very bad. Things will absolutely collapse once the dollar is dead.
"I'm Considering Filing Bankruptcy" - St. Louis Proves A Harbinger Of Things To Come For Subprime Auto Lending
VIDEO: Obese Woman Starts Trashing Store After EBT Card Gets Refused - A video currently going viral shows an obese woman trashing a store because her food stamps benefit card was declined.
Stephanopoulos asked, “Do you believe an individual’s right to bear arms is a constitutional right? That it’s not linked to the service in the militia?”
I think that for most of our history there was a nuanced reading of the Second Amendment, until the decision by the late Justice [Antonin] Scalia. And there was no argument until then that localities, and states, and the federal government had a right–as we do with every amendment–to impose reasonable regulations.
While arguing for the government’s “right” to regulate the Second Amendment, Clinton twice refused to say the people have “a constitutional right” to keep and bear arms.
The first time Stephanopoulos asked if “an individual’s right to bear arms is constitutional” Clinton sidestepped the question, claiming instead the government’s “right” to regulate.
So Stephanopoulos repeated the question, and Clinton responded: “If it is a constitutional right, then it–like every other constitutional right–is subject to reasonable regulations.”
School Calls Sheriff On Seven-Year-Old For Sharing Bible Verses
Down Detector has received reports from over the weekend, carrying on into this morning, that some people in CA, NY, NJ WA, AZ, TX and others states, have not had their Electronic Benefit Transfer (EBT) cards, similar to a bank ATM or debit card to receive and use their food stamp and/or cash benefits, reloaded with their monthly welfare funds.
According to the Food Research & Action Center, food stamp participation averaged 44,391,436 persons in February 2016, which is the most recent report provided to date, and there is noway to gauge how widespread this issue is as not everyone using the food stamp program, now known as SNAP, is aware of Down Detector where these complaints are being left in the comment section.
SNAP, EBT DOWN! People In Multiple States Can't Get 'Food Card' Funds
Venezuelan Woman Shot In The Face After 500 Looters Storm Food Warehouse…(Coming To A Store Near You?)
Residents in Utah say they will take up arms and attack the federal government with force if a federal land grab takes place in their state!
For centuries, humans have used the red sandstone canyons at the Rim of Cedar Mesa, Utah as a way to mark their existence.
First came archaic hunter-gatherers who worked in Glen Canyon Linear, a crude geometrical style dating back more than 3,500 years. Then about 2,000 years later, early ancestral Pueblo farmers of the Basketmaker period used more subtle lines to produce a man in headdress. A little more than 700 years ago came their descendants, who used the same kind of hard river stone to make drawings of bighorn sheep and a flute player in the ancient rock.
Now, President Obama is weighing whether and how he can leave his own permanent imprint on history by designating about 2 million acres of land, known as the Bears Ears, as a national monument.
And despite the uniformly acknowledged historical significance of the area, some people regard the conservation efforts by the White House as classic federal overreach. In the current-era conflict between Washington and rural Westerners, the idea of a Bears Ears national monument has produced warnings of a possible armed insurrection.
In a state where the federal government owns 65 percent of the land, many conservatives already resent existing restrictions because they bar development that could generate additional revenue. Out-of-state militias came to San Juan County two years ago, when Commissioner Phil Lyman helped lead an all-terrain-vehicle protest ride through a canyon the Bureau of Land Management had closed to motorized traffic in 2007. Lyman is appealing the 10-day jail sentence he received in connection with the protest, and he argues that his case shows how BLM officials place the priorities of environmentalists over those of local residents.
Cedar Mesa is one of the best preserved and most archeologically rich sites in the United States. The dry climate and rock overhangs have protected important artifacts for millennia, and there are tens of thousands of ancient objects and structures preserved, including ones in which the original wood beams in cliff dwellings remain intact. In a granary where the Pueblo people kept maize, a single dried cob lies on a dusty floor.
But some lawmakers have suggested that unilateral action by the president, under the 1906 Antiquities Act, could provoke the same sort of resistance that led to the 41-day armed takeover of the Malheur National Wildlife Refuge in Oregon earlier this year.
“There is a lot of conflict that has escalated into being on the precipice of violence that is unnecessary and unwarranted,” said Rep. Jason Chaffetz
(R-Utah), who opposes the designation.
Obama has approached the designation of national monuments as a way to bolster the country’s defenses against climate change and as a way to make the national narrative more inclusive, in addition to his obligation to safeguard the country’s national treasures.
There have been six confirmed looting incidents in the past six months, and at least two dozen over the past five years. In one, a vandal used a rock saw to remove a petroglyph; in one this year someone dug up a pristine ceremonial chamber, or kiva, that had never been professionally excavated. Although the BLM has allocated $400,000 over two years to stabilize 10 archeological sites and trained about 20 people to serve as volunteer “site stewards,” it employs just two law enforcement officers to patrol 1.8 million acres.
Without help from Washington, preservationists worry that the looting and destruction will continue. Word of the region’s treasures has spread from academics and archaeologists to “pot hunters” and other looters, said Don Simonis, the BLM’s archeologist for the area. “For years we’ve been reluctant to talk about it, but if we don’t talk about it, how else can we convince the powers that be that we need protection here, and get the resources we need to protect it?”
But in the Bears Ears region, named for the twin buttes that define the landscape, and surrounding San Juan County there are competing claims to the land and its history. The area has been home over the centuries to Native American tribes, Mormon settlers who reshaped the land in the late 1800s and the energy prospectors, ranchers and thrill-seekers drawn to it today.
All lay claim to pieces of the region’s past and all are determined to have a voice in its future.
On May 19, Utah Gov. Gary R. Herbert (R) signed a resolution, passed in a special session, specifically opposing a national monument. But even that measure stipulated that the legislature and governor were in favor of “protection and conservation of the Bears Ears area” if done in “a constitutionally sound, locally driven legislative approach.”
Chaffetz and House Natural Resources Committee Chairman Rob Bishop (R-Utah) have spent more than three years crafting a lands bill that affects seven counties in eastern Utah, spanning 18 million acres. The process involved extensive deliberations with a wide range of interests—more than 1,200 meetings and more than 120 different groups, according to staffers, as one of Bishop’s aides racked up more than 65,000 miles on his Nissan Versa traveling from one meeting to another.
Scott Groene, executive director of the Southern Utah Wilderness Alliance, has dubbed the plan the “Plundered Lands Initiative.” He said it “gives away vast amounts of public land, sacrifices landscapes to energy development, rolls back existing protection and fails to protect the Bears Ears.”
And a coalition of tribal groups — including representatives from the Hopi, Navajo, Uintah and Ouray Ute, Ute Mountain Ute and Pueblo of Zuni — abandoned what had been fitful negotiations with Utah Republicans in December, saying they were not given a proper voice in shaping the deal. Leaders of the tribes, some of which had warred against each other in the past, said they have found a common cause because of their spiritual and historical connection to the area.
“We put aside the sense of who came here first and who came here last,” said Carleton Bowekaty, a Pueblo of Zuni councilman. “We’re not confined by reservation lines. We’re not confined by state lines.”
A nonprofit Navajo group started pressing for federal protection six years ago, but tribal leaders say the state’s current members of Congress haven’t given them as much say as the late Sen. Robert Bennett (R-Utah), who started the talks. Kenneth Maryboy, who at the time served as one of San Juan County’s three commissioners, attended a listening session with the two lawmakers and members of the community where one rancher openly scoffed at the idea of recognizing tribal claims.
“The damn Indians don’t need another reservation,” Maryboy recalled the rancher saying.
One prominent Navajo backs the congressional approach. Rebecca Benally, a Democrat who defeated Maryboy and sits on the county commission, argues that the federal government cannot be trusted to properly manage a monument.
Feelings are so brittle here that one Utah conservationist, Black Diamond Equipment chief executive Peter Metcalf, remarked in an interview that it embodies William Faulkner’s famous phrase: “The past is never dead. It’s not even past.”
Lyman, a critic of both the national monument proposal and the lawmakers’ broader lands bill, lives in Blanding, the town his great-grandfather helped found a century ago. Walter C. Lyman and other Mormon pioneers came from southwestern Utah in the arduous, six-month Hole-in-the-Rock expedition and first established the town of Bluff, which abuts the proposed monument designation. After repeated flooding ruined the settlers’ crops, Lyman managed to bring water onto White Mesa, about 25 miles away, and most of the settlers relocated.
When Lyman discusses his disputes with federal officials, environmentalists and some Navajo activists, he cites historic markers such as the 1865 law Abraham Lincoln gave Utahans, granting the right-of-way to build roads, and a 1933 agreement county leaders forged with the Navajos that gave them 500,00 acres south of the San Juan River, which is now part of a reservation that spans multiple states.
“The whole purpose of it was to create certainty: This is yours and this is ours,” he said. “It was supposed to have settled this.”
At this point, Native Americans — mostly Navajos and some Utes — make up 46 percent of San Juan County’s population. The county’s unemployment rate is more than double the state average, and about a quarter of county residents receive food stamps and medical assistance.
And the fossil fuel and mineral extraction that once drove the local economy have dwindled: The last time a rig drilled a hole in the county was February 2014, according to the oil service company Baker Hughes.
Escalante National Monument after Bill Clinton designated it in 1996, as well as other sites that received similar presidential recognition.
Friends of Cedar Mesa Executive Director Josh Ewing, who has sought to broker a legislative compromise, noted that Utah’s “Mighty Five” advertising blitz touts four national parks that were initially protected under the Antiquities Act.
Last week Herbert and Hatch held an event at one of those well-known sites, Natural Bridges National Monument, to reiterate their opposition to another presidential designation in the state.
“It’s the sort of thing that will die down quickly,” said Ewing, an avid rock climber who regularly scales the area’s canyons and cliffs.
Still, Hatch was concerned enough that he warned Interior Secretary Sally Jewell in a private meeting in his office on March 8 that a repeat of what Clinton did 20 years ago could prompt an armed confrontation.
Obama was briefed on the conversation with Hatch, according to several individuals, and instructed his aides to continue exploring the possibility of designating a monument. Jewell plans to visit the area this summer, and no final decision has been made.
Natural Resources Defense Council President Rhea Suh, who served as one of the Interior Department’s top officials before switching jobs about 18 months ago, said that when it comes to such monuments, “You usually wait for the harder ones for the last moment . . . and the window is closing for permanent protection of some of the grandest landscapes, I think, in the entire United States.”
Jonah Yellowman, who was forced at age 6 to attend a boarding school in New Mexico where he was physically punished for speaking his native language, is waiting for that sort of recognition. Yellowman walks easily along the landscape, pointing out where he collects firewood and the plants Navajos use to camouflage their faces in one ritual and scent sweat lodges in another.
Both Anglo and Navajo politicians have disappointed him before — Yellowman doesn’t have running water or electricity at his remote home near Monument Valley, where iconic Westerns were filmed decades ago. He thinks the tribes have started a movement that can succeed.
“My people, they start something and it doesn’t go nowhere,” he said. “You can tell that this is different. This one, there’s hope.”
npr - Clashes between ranchers and federal land managers over grazing rights are continuing. In southern Utah, things have gotten so bad lately that some local sheriffs have threatened to arrest federal rangers who try to close forest roads and cut off access to ranchers and other users…. It's clear that Sheriff Perkins, who's also a rancher, wants to push some boundaries. He talks openly about detaining, or as he says "Mirandizing," federal rangers. He recalls one case recently. "I told the Forest Service ranger that if he went out and closed a road that Garfield County has jurisdiction on, I would arrest him," he says…. "I said it at the time, and I'll stand by it, that is nothing but domestic terrorism," he says. "Yes, there's been a story, a lot of these guys have been bullied around by the BLM, but you don't handle it that way." So despite all his tough talk, Perkins is being careful, still working within the system. He and other sheriffs have been going to Washington, D.C., a lot lately, lobbying. And in the past few weeks, he says, after Utah Republicans introduced a bill to strip law enforcement powers from the BLM, relations out here are getting better.