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Silver Squelchers Thirty Threee & Their Interesting Associates

Silver Squelchers Thirty Threee & Their Interesting Associates

Royal & Hereditary Nobility Ancestry Part Three

by Charles Savoie

“No enterprise is more likely to succeed than one concealed from the enemy until it is ripe for execution”— Niccolo Machiavelli (1469 to 1527), Italian political schemer regarded as the father of political science. Due to the extent of the profile, this time we’ll review only one member. The next time we’ll present an even more extensive profile (unavoidable) and also tack onto it a profile of another member who married into the same line of old Russian nobility. That second member has a very ambitious power grab in Africa involving a critically important agricultural commodity essential to much of the sugar industry worldwide. Some 1,819,000 square miles of territory are in this Pilgrims Society member’s sights! Details are in #34 SS!

1) Baron Robert Michael James Gascoyne Cecil of Essendon, the 7th Marquess of Salisbury, member of the Peerage of England since 1992, member of The Pilgrims Society London as of undetermined; after the 1980 roster (1946—) Knight Commander of the Royal Victorian Order, member since 1994 of the Privy Council to the United Kingdom Sovereign, was a Member of Parliament, House of Commons, 1979-1987; U.K. undersecretary of State for Defence 1992-1994; Leader of the House of Lords and Lord Privy Seal 1994-1997 (top adviser to the British Sovereign); Opposition Leader in the House of Lords, 1997-1998; member Anglican Church of England; opponent of Irish national independence; former Chief of Staff at the Prime Minister’s Office at Ten Downing Street; funneled money to certain British politicians in sympathy with his aims; married the niece of the founder of the British Special Air Service and who ran “Television International Enterprises which ran a security service for overseas heads of state;” Robert Cecil’s eldest son Robert Edward was a page boy to Queen Elizabeth II in 1983-1986, his fortune in 2008 was lowballed at over $550 million USD, has info at Wiki—

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Thirty Two & Their Interesting Associates

Silver Squelchers Thirty Two & Their Interesting Associates

Royal & Hereditary Nobility Ancestry Part Two

by Charles Savoie

“It appears that all of the assets, including you and me are going back to the Crown and we are nothing but serfs.” —Joan Veon, International Women’s Media Group in “The Transfer of the World’s Wealth to the British Crown.” “The Society of Pilgrims thrives in a marvellous manner.”
—Illustrated London News, July 1, 1905.

1) Prince Andrew of England (1960—; Pilgrims Society as of undetermined), Duke of York, younger brother of Prince Charles (Pilgrims Society before 1980). Andrew is a member of the Royal Victorian Order (Knight Grand Cross), Order of the Garter, Commander and vice Admiral in the British Royal Navy. He was Britain’s special representative for International Trade and Investment 2001 into 2011. He was awarded the Royal Norwegian Order of St. Olav in 1988 and in 2010 the Order of the Federation of the United Arab Emirates. He also holds the titles of Earl of Inverness (traces to 1718) and Baron Killyleagh. He’s a fellow of London’s prestigious Royal Society, founded in 1754. Prince Andrew was born in Buckingham Palace (see typical interior view following) —

“Prince Andrew is involved with more than 100 organizations.” The ridiculous lowball figure of $82 million is stated as his recent Annual earnings and his net worth is lowballed at $245 million. HUH? He’s 55, makes $82 million a year and is only worth $245 million?

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Thirty One & Their Interesting Associates

Silver Squelchers Thirty One & Their Interesting Associates

Royal & Hereditary Nobility Ancestry Part One

by Charles Savoie

Take 32 seconds to hear what should be The Pilgrims theme music!

“He spoke openly against the Society”

(Line from “The Rifleman,” March 3, 1963)

1) Charles William Neuhauser (year of birth undetermined; Pilgrims Society as of; also undetermined but definitely verified; probably over ten years standing) has Schuyler lineage on his mother’s side. This word means “scholar” and is pronounced “sky-lur.” The Schuylers are a very old-line Dutch colonial family tracing to ancestors of Peter Schuyler (1657-1724) who was the first mayor of Albany, New York and became 22nd colonial Governor of New York (1719-1720). The Schuyler Mansion in Albany is a National Historic Landmark. The Schuylers were known as “Patroons,” meaning the heads of companies and/or very large landowners. They became related by marriage to other patroons like the Van Cortlandts, Van Rensselaers, and the English Livingstons. These lines have continued to be represented to this moment in The Pilgrims Society New York, always at least several members, including with Schuyler maternal ancestry. There is no telling how much accumulated wealth this all represents. The Van Rensselaers owned among other tracts, 700,000 acres around Albany, New York. As the centuries passed such landholdings would rise to immense valuations; but of course, the tax assessor people would remain in their vest pockets to cover it up and toss the tax bite onto others not part of the phalanx of intermarried wealth! From 1764 to 1840 part of the Van Rensselaers lands went from nearly zero inhabitants to 50,000—and they were all paying rent to the dynasty! Their wealth expressed in modern terms is estimated at $68 billion. We read—

“Established in 1629 as the patroonship of Rensselaerswijck, this massive land possession of the Van Rensselaer family (commonly regarded as measuring twenty-four by forty-eight miles at the time of Stephen’s birth) had survived the British takeover from the Dutch in 1664, when it became an English manor, and would subsequently survive the American Revolution.”

Nicholas M. Butler, president of The Pilgrims United States (1928-1946), married Susanna Schuyler (Who’s Who in America, 1930-1931, page 441). See #5 Silver Squelchers, pages 17-29, for the profile on Nicholas Murray Butler, who in his time impresses me more than Henry Kissinger (Pilgrims Society) ever did!

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Thirty & Their Interesting Associates

Silver Squelchers Thirty & Their Interesting Associates

Neocons & Warmongers
Related—#23 Military & Intelligence

by Charles Savoie

Montana Congressman Jacob Thorkelson in the Congressional Record, August 19, 1940, referred to an address by Joseph H. Choate, Vanderbilt family operative, one of the founders of The Pilgrims, as saying that those members who would many years later celebrate the start of the second century of The Pilgrims in 2003— “…will have cause to bless their fathers that they founded this Society and kept the world on the right track.”

Take 32 seconds to hear what should be The Pilgrims theme music! “He spoke openly against the Society” (Line from “The Rifleman,” March 3, 1963)

In case you missed number 28, we discussed Tom Kean, who chaired the 911 Commission (pages 57-74); he qualifies as a neocon, a warmonger and in intelligence.

1) Tony Blair, Anthony Charles Lynton Blair (1953—; Pilgrims Society as of undetermined) has a wife named Cherie and “a small flock of hens to provide daily fresh eggs,” presumably so he can add a tiny sum to his burgeoning fortune. Blair was British Prime Minister (1997-2007), leader of the Labour Party (1994-2007) and Shadow Home Secretary (1992-1994). About this Shadow Home Secretary we read— “In British politics, the Shadow Home Secretary is the person within the shadow cabinet who ‘shadows’ the Home Secretary; this effectively means scrutinizing government policy on
home affairs including policing, national security, immigration, the criminal justice system, the prison service, and matters of citizenship. If and when the opposition party is elected to government, the Shadow Home Secretary often becomes the new Home Secretary though this is not always the case.” During 1989 to 1992 Blair was Secretary of State for Employment and during 1988 and 1989 he was Shadow Secretary of State for Energy. During 1983 to 2007 Blair was a Member of Parliament for Sedgefield. He has an older brother, Sir William James Lynton Blair, who is a High Court Judge in the Queen’s Bench Division. He was of course appointed by Queen Elizabeth II, royal patron of The Pilgrims Society. I have no info as to whether Blair’s judge brother is a Pilgrims member. If not he’d certainly be in their orbit. During 2001 to 2008 the older brother was chairman of the Financial Services and Markets Tribunal and during 2003 to 2005 he was chairman of the Commercial Bar Association. In 2004 this judge brother of Tony Blair was chairman of the International Monetary Law Committee of the (globalist) International Law Association. During 2006 this judge was chairman of the Qatar Financial Centre Appeals Body. In May 2009 this career judge was co-convener of the Qatar Law Forum of Global Leaders in Law. Since 1994 the judge has held the post of visiting professor of law at the (funny money) London School of Economics. As of 1999 the judge has held a visiting law professorship at the Centre for Commercial Law.

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Twenty Nine & Their Interesting Associates

Silver Squelchers Twenty Nine & Their Interesting Associates

Miscellaneous Members of The Pilgrims Society Part IV
Pharma Kingpins & Other Shady Operators!

by Charles Savoie

“The activities of what has been identified as the most powerful international society on earth, the “Pilgrims,” are so wrapped in silence that few know even of its existence since 1903.” page 8, “The Empire of The City” (1946, E.C. Knuth).

The Vaccine Conspiracy Originates Within The Pilgrims Society!

1) Barry MacTaggart (1931—; Pilgrims Society as of undetermined) was chairman of the intensely demonized Pharma giant, Pfizer, succeeding Edmund T. Pratt Jr. in that position. Pratt, Pilgrims 1980, was also a Chase Manhattan Bank director. I haven’t determined which years these men headed Pfizer (later), but Pratt had the post circa late 1970s into at least the early 1980s, followed by MacTaggart. Now I find in “Globalization and Health” 2006, page 89) that as of July 9, 1982, as chairman of Pfizer, MacTaggart had an editorial published in the New York Times in which he spoke of a “global strategy.” Most likely by then MacTaggart was in The Pilgrims Society. However, there’s a contradiction, because as we’ll see later, the Pfizer site says that Pratt was chairman of Pfizer from 1972 to 1992. It could be a typo took place to make 1992 read 1982 in the book, because their site is more likely to have the years right. No; resolving the matter is that Pratt was overall chairman and MacTaggart chaired the international operations. MacTaggart, a native Australian, retired to Vero Beach, Florida, as Pilgrims Society members frequently do or have winter homes there. Here’s a limited view of his house—

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Twenty Eight & Their Interesting Associates

Silver Squelchers Twenty Eight & Their Interesting Associates

Miscellaneous Members of The Pilgrims Society Part III
***** Including *****
Awful Roosevelts & Some of Their British Pilgrims Pals in London

by Charles Savoie

1) Stephen Sycle Lash (1940—: Pilgrims by 2014; very likely by mid-1990s) married the great granddaughter of the man who founded Lehman Brothers in 1856. The Lehmans became related by marriage to the much bigger Vanderbilts (Pilgrims Society) and the smaller Morgenthaus (Pilgrims Society), of the same family as Franklin Roosevelt’s Treasury Secretary who stole gold and silver from Americans starting in March 1933 (gold) and August 1934 (silver)! Robert Lehman was in The Pilgrims 1969, with the Lehman firm and a director of large corporations. When Lehman went bust in 2008, I suggest the family had positioned in advance to preserve their wealth, along with other Pilgrims members—and the same in London with Baring Bank collapse. Another big rich connection that can’t be unnoticed is the eight years Lash spent in London under Pilgrims Society member Sir Siegmund Warburg and his son George S. Warburg (also a member). This is the same family group connected to Pilgrims Society member Paul Warburg, chief architect of the Federal Reserve System! Lash has multiple extreme connections to global gouging Pilgrims Society dynasties! Lash has been with large luxury goods auction house Christies for almost 40 years in which South American operations were among hi specialties. He’s a Yale graduate and may be expected to be a member of one of Yale’s super-fraternities such as Wolf’s Head Society.

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Squelchers Twenty Seven & Their Interesting Associates

Silver Squelchers Twenty Seven & Their Interesting Associates

Miscellaneous Members of The Pilgrims Society Part II
Current and Recent Officials of The Pilgrims Society

by Charles Savoie

How will the good people of the world force The Pilgrims Society and its satellite groups—Trilaterals, Bilderberg and others—to close down? Will we chant as John Singing Rock did in “The Manitou” (1978 Native American horror) —“Mountain Manitou—hold Misquimakwas in the circle of charms!”

We’ve already profiled several recent and/or current officials of The Pilgrims Society. See for example second generation member Miner Hill Warner in Silver Squelchers Nineteen, pages 1 through twenty nine and Ronald Freeman in Silver Squelchers Seventeen, pages 2 through 22 and Lord Boyce in Silver Squelchers Twenty Three, pages 113 to 128. See also Silver Squelchers Nineteen, pages 59 through 99, especially page 68, for David T. Schiff, a Pilgrims executive committee member.

1) Sir Robert Milton Worcester (1933—chairman, The Pilgrims Society of Great Britain, 1993-2010) became a member after the 1980 roster and by 1991 or before. Now I see in “The Pilgrims of Great Britain” (2003, page 47) that he became a member in 1984 and on the executive committee as of 1989. This document dated 1993, sourced by the greatly talented Joel Van Der Reijden, shows him on the executive committee in London. He’s also a Knight Commander of the British Empire. He and his wife reside at their private residence, which is Allington Castle in Kent, England, built back in the 13th century and is joint office of The Pilgrims of Great Britain with their offices in The City financial district; some Society meetings take place here—

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver is a Screaming Buy

Silver is a Screaming Buy
David morgan

Interview Highlights

the silver market is on fire at the retail level
the government mints are way behind
US Mint is on allocation
the Canadian Mint is shutdown for now
the Perth Mint is selling record volume now
the smaller scale retail investor is backing off now but larger orders are coming in
on a true money supply basis, silver is priced back at the $5 level from the early 2000s
$16 per oz. today is the same as an adjusted $5 per oz. in the early 2000s
now is a great time to switch out of equities into metals
there is an arbitrage opportunity in the spread between rounds and good delivery bars but you would have to be patient and ok with risk
current delays for pressing rounds are approximately 12 weeks
we are waiting for roughly 5 million oz. to flow through the system
I think the Fed will hike before the end of the year to save face
longer term the Fed is in a box it can’t get out of
going to 3% [federal funds rate] is probably fatal to them
the bond market really scares me
the equity market as a whole is overvalued
just because you think you can prevent something it doesn’t mean you can or will e.g. Long Term Capital Management
no matter how good an investment is don’t overdo it
don’t overload on metals, 10% is plenty for most investors
more pain lies ahead for industrial metals
we like zinc
the decline in platinum is probably overdone
central banks have been net buyers of gold recently
the Chinese will end up with the most gold because of their production
I don’t see how oil prices can stay low

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Color Outside the Lines

 
Richard (Rick) Mills
Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

Mining is an extremely capital intensive business for two reasons. Firstly mining has a large, up front layout of construction capital called Capex – the costs associated with the development and construction of open-pit and underground mines. There are often other company built infrastructure assets like roads, railways, bridges, power generating stations and seaports to facilitate extraction and shipping of ore and concentrate.

Capex costs are escalating because:

  • Declining ore grades means a much larger relative scale of required mining and milling operations
  • A growing proportion of mining projects are in remote areas of developing economies where there’s
   little to no existing infrastructure

There is also continuously rising Opex, or operational expenditures, to consider. These are the day to day costs of operation; rubber tires, wages, fuel, camp costs for employees etc.

The bottom line? It is becoming increasingly expensive to bring new mines on line and run them.

The reasons behind flat-lining gold production, and record cash and all-in costs, are numerous:

  • Production declines in mature mining areas
  • Slower than expected ramp-ups of output
  • Development time up
  • The entire resource extraction industry suffers from a lack of skilled people
  • Extreme weather
  • Labor strikes
  • Protests
  • Increasingly more remote and lacking in infrastructure projects
  • Higher capex costs
  • Increased resource nationalism
  • Increased environmental regulation
  • More complex metallurgy
  • Lower cutoff grades

In 1998 the world’s top two highest grade mines were SMM’s Hishikari Mine in Japan @ 50g/t and Barrick’s Meikle mine in the U.S. @ 32g/t. In 2011 the world’s top two highest grade mines were Newcrest’s Gosowong in Indonesia @ 25g/t and goldcorp’s Red Lake mine in Canada @ 24g/t.
In 2014 Klondex Mines Fire Creek Mine in the U.S. was the world’s highest grade mine @ 44g/t and coming in second place was Kirkland Lakes Macassa Mine in Canada @ 22g/t. Declining mined and mineable gold grade is a direct result of the industry’s inability to discover new high grade/high margin deposits.

Read rest of article here.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Join The Morgan Report Free for 30 Days *
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Financial Repression – Governments boost their coffers and hold down interest rates

Financial Repression – Governments boost their coffers and hold down interest rates

Treasury Secretary Jacob Lew said the government will run out of money to pay its bills sooner than previously thought around November 5, 2015. Lacking sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.

Again, another year, to increase the USA debt limit by the government. Will monetary and fiscal policy ever return to “sanity”? Will the political leaders ever become brave enough to quit spending more of the taxpayer’s monies than they bring in without fear of losing elections? Will Americans ever elect someone who doesn’t just promise them more and more “stuff,” and who will just start acting responsibly with the nation’s treasury?

Political leaders continue to “kick the can down the road” over and over again. Now, like games that involve kicking something over and over again, it won’t get rid of the economic grim reaper. Their “Keynesian mantra” is that the solution to debt is simply to spend more money. They believe it will stimulate an economic recovery that never occurred in the first place over all these years.
Until a proper resolution is reached to these issues, debt will rule. When a nation loses control of its finances through debt, bad things happen in all other aspects of its existence. It loses its power and survival becomes a challenge and no longer a taken for granted right.

What is really required is the attention to what is really going wrong. There must be a willingness to repair, reform, correct and heal it. This awareness is now growing throughout the world. There is a feeling that something is out of balance financially in the world. The issue of tax reform and getting rid of government waste continues to be discussed and that surely has not helped.

The key of all this will be to get people back to work. The USA “unofficial” unemployment rate is approximately 21%. Let’s correct these policies and activities that aren’t working. Make them work again in new and different ways

Why Is The Federal Reserve Bank of New York So Important?

The Federal Reserve Bank of New York plays a special role in the Federal Reserve System for several reasons. First the reason for the New York Fed’s special role is its active involvement in the bond and foreign exchange markets. The New York Fed houses the open market desk, which conducts open market operations, the purchase and sale of bonds, which determine the amount of reserves in the banking system. This is the process of how the FED creates liquidity and controls the money supply.

The involvement in the Treasury securities market, as well as its walking-distance location near the New York and American Stock Exchanges, the officials at the Federal Reserve Bank of New York are in constant contact with the major domestic financial markets in the United States. In addition, the Federal Reserve Bank of New York also houses the foreign exchange desk, which conducts foreign exchange interventions on behalf of the Federal Reserve System and the U.S. Treasury. Its involvement in these financial markets, means that the New York Fed is an important source of information on what is happening in domestic and foreign financial markets, particularly during crisis periods, as well as a liaison between officials in the Federal Reserve System and private participants in the markets.

Second, its district contains many of the largest commercial banks in the United States, the safety and soundness of which are paramount to the health of the U.S. financial system. The Federal Reserve Bank of New York conducts examinations of bank holding companies and state-chartered banks in its district, making it the supervisor of some of the most important financial institutions in our financial system. Not surprisingly, given this responsibility, the Bank Supervision group is one of the largest units of the New York Fed.

The third reason for the Federal Reserve Bank of New York’s prominence is that it is the only Federal Reserve Bank to be a member of the Bank for International Settlements (BIS). Thus the president of the New York Fed, along with the chairman of the Board of Governors, represent the Federal Reserve System in its regular monthly meetings with other major central bankers and interaction with foreign exchange markets means that the New York Fed has a special role in international relations, both with other central bankers and with private market participants. Adding to its prominence in international circles is that the New York Fed is the repository for over $100 billion of the world’s gold, an amount greater than the gold at Ft. Knox.

Finally, the president of the Federal Reserve Bank of New York, is the only permanent member of the FOMC among the Federal Reserve Bank presidents, serving as the vice chairman of the committee. Each of the Federal Reserve banks is a “quasi-public”, part private and part government, institution owned by the private commercial banks in the district in which they serve. The member banks own stock in their Federal Reserve Bank. This is a requirement of membership. Originally, the FED was not responsible for the health of the economy. . Over time, it acquired the responsibility to promote a stable economy through its control of the money supply and its ability to influence interest rates. It is subject to the influence of Congress because of the legislation that structures it is written by Congress and subject to change at any time. It reports quarterly to the banking committees of the House and the Senate.

Our debt problem is now out of control. Between 2007 and 2014, the total global debt increased by over 40%. Governments, financials, corporations and households have all increased their absolute debt levels in the last few years. The chart shows that total global debt has reached $200 trillion USD. World global output measured by the gross world product was around 76 trillion USD in 2013. This means that on a global scale we have a debt ratio of approximately 270% of the total yearly world output.

DEBT

In short, the Treasury is part of the executive branch of the US government. They must follow the direction of the President. The Federal Reserve is independent of the executive branch, almost like the Supreme Court. The voting members of the controlling body of the Fed are nominated by the President. The goal is to limit the impact of short-term politics on decisions about the money supply. Specifically, there is a concern is that if the Federal Reserve was not independent, politicians would seek to obtain short-term economic growth through expanding the money supply, at the cost of long-term inflation. But the fact of the matter is, everyone is addicted to creasing the money supply and every week that goes buy with this artificial stimuli the worse uglier things will be in the future for those not prepared.

A Global Rest is required. Gold is the only asset I know that has no sort of counterparty risk and has been considered to be of value for thousands of years. I follow gold’s price daily. I am currently awaiting for my Proprietary Trend Systems Analytics’ Model to confirm that the bottom is in place so that I may load up on much more.

I believe it is possible that this gold/silver/miners play alone could potentially fund an individual’s retirement if invested in at the correct time. And I will be sharing this with members of my Gold newsletter at: www.TheGoldAndOilGuy.com

Chris Vermeulen

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