Dictator Hussein Obama bans purchase of gold and silver after July 15th by piratenews

REAL WORLD EVENT DISCUSSIONS

Dictator Hussein Obama bans purchase of gold and silver after July 15th

POSTED BY: PIRATENEWS
UPDATED: Tuesday, June 21, 2011 19:31
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VIEWED: 2954
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Sunday, June 19, 2011 9:04 PM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

Quote:
From: FOREX.com info@forex.com
Date: Fri, Jun 17, 2011 at 6:11 PM
Subject: Important Account Notice Re: Metals Trading
To: xxx

Important Account Notice Re: Metals Trading

We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.

In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.

We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.

We sincerely regret any inconvenience complying with the new U.S. regulation may cause you. Should you have any questions, please feel free to contact our customer service team.

Sincerely,
The Team at FOREX.com

continued...

http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-
be-illegal-beginning-july-15

The Collapse of Nations All By The Hand Of Corrupt Bankers

by Bob Chapman

June 18 2011: Pensions borrowed (plundered) from heavily, nobody wants QE3, debt used to wage war, Fed Chair Bernanke acts like an elitist, a short term debt limit to deal with, a Greek default could bring the Euro down, a disease of debt, IMF pessimistic.

continued...

http://theinternationalforecaster.com/International_Forecaster_Weekly/
The_Collapse_of_Nations_All_By_The_Hand_Of_Corrupt_Bankers

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Monday, June 20, 2011 4:58 AM

DREAMTROVE

http://eliteeservices.blogspot.com/2011/06/gold-silver-trading-bans-fo
r-us.html

This appears to be not a hoax. Also, the underlying logic is disturbing for Americans as well: That the US Dollar is not a currency.

Some scams involving gold sales were cited, but also broader concerns about the viability of the US economy. This is all pretty worrisome. I might consider relocating my own holdings into something else.

I also noticed the collapse of Liberty Reserve after a server failure.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Monday, June 20, 2011 8:12 AM

FREMDFIRMA

Not to mention the wholesale technical assault on BitCoin and it's infrastructure - as if everyone and their cousin doesn't know it, all the while blaming "hackers" as an excuse to give em even more power to pry into your business online.

Again, our so-called protectors are in fact the greatest threat to us.

-F

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Monday, June 20, 2011 8:35 AM

HARDWARE

We're advising all of our clients to invest in canned food and shotguns.

Seriously, this is a pretty disturbing development.

It is a truism that almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so, and will follow it by suppressing opposition, subverting all education to seize early the minds of the young, and by killing, locking up, or driving underground all heretics - RAH

...and he that has no sword, let him sell his garment, and buy one. Luke 22:36

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Monday, June 20, 2011 9:46 AM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

AHEM. Reading the text of the bill (you should try it some time), it is about being able to verify the provenance of gold and other 'conflict minerals' to show that they didn't originate in the DR Congo. Any legitimate sale automatically has a receipt attached, which by itself documents the provenance.

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Monday, June 20, 2011 10:01 AM

DREAMTROVE

Quote:
Originally posted by Fremdfirma:

Not to mention the wholesale technical assault on BitCoin and it's infrastructure - as if everyone and their cousin doesn't know it, all the while blaming "hackers" as an excuse to give em even more power to pry into your business online.

Again, our so-called protectors are in fact the greatest threat to us.

-F

Frem,

Exactly.

Kiki,

... are more of the excuses made. This is about solvency, which if you haven't been following it is the major topic of the moment. Problem has come to a head with the small fact that we are 3 trillion over budget for '11 and '12 and no one will loan us money.

Oh dear...
I sense an intentional currency devaluation scheme. It's one of the possible ways out of the debt.

I hadn't thought of this before: When the US Govt. seized control of Citibank, it could have used the issuing power to print cash. I'm not familiar enough with the federal reserve system to know what the impact of this would be, if the other banks would also create an equal amount of cash.

Where there's a will, there's a way, and there is a will to devalue the currency to pay down the debt. There's been a 30% decline in the dollar since last year. Rule of thumb on these sorts of things: The folks moving large amounts of cash know long before the rest of us.

You can still buy stocks, and find something not measured in dollars. Usually there are precious metals stocks that just mimic the value of the metals. I'm gonna do a little research and see if there's not some foreign investment that might be more sound. Gold, such as it is, is always vulnerable to the release of mass stockpiles by those countries who have them.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Monday, June 20, 2011 11:03 AM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

"This is about solvency ..."

Not at all. There is nothing forbidding the purchase, ownership, or sale of gold, anywhere in the bill. You are free to do all of those.

Having purchased a number of gold bars from various Swiss dealers, I can tell you they come with certificates of origin, as well as individual serial IDs. When I sell them, the provenance and IDs will be recorded on sale as well.

Furthermore, gold is the only precious metal mentioned. If the law included silver, platinum, or palladium I might think a half-second longer about it, but nowhere does it mention those metals - or copper, which has become relatively valuable as well.

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Monday, June 20, 2011 11:46 AM

DREAMTROVE

Ya missed the discussion of bitcoin above.

The govt. is putting bureaucratic obstacles to currency transaction, it can have only one motive for doing so.

If they really cared about Africa, they would have said diamonds, as that is the black market currency of Africa; but, if they really gave a damn about Africa they would have done something about it.

This is one in a long series of little steps against the concept of hard currency. The last place we saw this sort of manipulation was in the USSR, and when it was repealed, holy moly the tide that was unleashed. Of course, the street price of iron curtain currencies sunk like a stone.

Nothing insolvent about this currency. Nope, nothing to worry about. Go back to sleep.

http://www.fireflyfans.net/mthread.asp?b=18&t=48823
That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Monday, June 20, 2011 8:53 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

"... wholesale technical assault on BitCoin ..."

I didn't miss it - I just get a lot of computer news. The attack on bitcoin IS done by hackers, not by government.

As for diamonds, per the text of the bill, the items of interest are specific to the DR Congo

(4) CONFLICT MINERAL.—The term ‘‘conflict mineral’’ means—
(A) columbite-tantalite (coltan), cassiterite, gold, wolf-ramite, or their derivatives; or
(B) any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country.

"Conflict diamonds" are a concern in Liberia, Sierra Leone and Angola, but specifically NOT the DR Congo. The vast majority of diamond mines in the DR Congo are under government control, and not funding rebel activities. My guess is that restricting diamond sales from the DR Congo in contravention with the Kimberly Agreement would destabilize the government, and so it wasn't listed.

BTW, I hope you realize you seriously undercut your own argument. If the government was SO afraid of alternate illegal 'currencies' not only would they have gone after gold, they would have gone after diamonds as well. But they didn't.

What they ARE afraid of is any international move which could easily become a stampede to take the dollar off of the international oil market. THAT would hurt.

http://en.wikipedia.org/wiki/Blood_diamond

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Tuesday, June 21, 2011 2:45 AM

DREAMTROVE

Quote:
Originally posted by 1kiki:

I didn't miss it - I just get a lot of computer news. The attack on bitcoin IS done by hackers, not by government.

You can join us in the light any time

As for conflict diamonds, the DRC is listed fourth as a source on your own link. 8% of the world market. Here's a couple other things you might be missing: Diamonds can actually cross borders without a passport, and even change hands between individuals; and what makes you think the govt. of the DRC is not a rebel army supporting wars in Africa? They were until they seized control of the govt., and have been since. Charles Taylor himself was the president of Liberia while being an international warlord. He's largely responsible for the conflict diamond situation, and he *was* the official govt.

There's a very thin line between rebel and govt.

ETA: Why would the US govt. be concerned with americans turning their dollars into diamonds? It's almost impossible to do here, diamonds are absurdly overpriced and the amount you would lose in turning them over would be huge.
That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Tuesday, June 21, 2011 6:32 PM

RIONAEIRE

Beir bua agus beannacht

Alarming and not okay with me, is there anything that can be done to stop it?

"A completely coherant River means writers don't deliver" KatTaya

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Tuesday, June 21, 2011 7:31 PM

1KIKI

Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.

"the DRC is listed fourth as a source on your own link."

But not of ***BLOOD*** DIAMONDS. I CALL BULLSHIT. Do you not know how to read? Do you not bother? Or do you not comprehend? What specifically keeps you from incorporating a fact into your brain?

The DRC ***GOVERNMENT*** is in control of the diamond mines. The DRC ***GOVERNMENT*** in a member of the Kimberley agreement, which is includes S Africa, as the ***official consortium of legitimate diamond exporters.***

Because the diamonds mined in DR Congo are NOT being extracted by people wrking at the point of a gun for rebels, they are NOT IN FACT BLOOD DIAMONDS - any more than diamonds out of S Africa or Russia are. Hrence, thery are not funding the DR Congo rebels. Hence they are not included in the law that MERELY REQUIRES PROVENANCE.

Shheeesh. Get a life, or a grip, or a clue - or something to tie you just a tad to the real world.

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