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Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Tuesday, October 1, 2013

Tony Newbill Emails 9/5 to 9/10/13

Pipeline - Motive Intl Interest in Syrian War
These emails continue to examine a stealth motive for President Barack Hussein Obama’s desire to launch a military strike against Syria. Oil/Gas economics and Saudi desires to be a Middle East hegemon under the aegis of Radical Islam appears to be the motive. Newbill takes a brief email interlude to note that Communist China is competing with the USA for economic dominance in Latin American nations.

JRH 10/1/13
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Reason for a Syrian Strike
Sent: 9/5/2013 5:04 PM

Why Syria? This question could be because of Obama’s Alliance with Khalid Al-Mansour.

This is why the Natural Born Citizen Clause is so Important:


Obama college costs paid by Saudis Arabs, Khalid Al-Mansour requested Arab money, Vernon Jarrett Percy Sutton confirm, Obama bow to Saudi King proves loyalty

“Why has Obama, since taking the White House, used Justice Department Attorneys, at taxpayer expense, to avoid presenting a legitimate birth certificate and college records?”…Citizen Wells

“Khalid Al-Mansour was “raising money” for Obama.”

“Khalid Al-Mansour was trying to help Obama get into Harvard Law School.”…Percy Sutton

“Any statement that I make would only further the activity which is not in the interest of Barack, not in the interest of Percy, not in the interest of anyone,”…Khalid Al-Mansour

“I will stand with the Muslims should the political winds shift in an ugly direction.”…Barack Obama


From NewsMax September 23, 2008.

“How exactly did Barack Obama pay for his Harvard Law School education?

The way the Obama campaign has answered the question was simply hard work and student loans.

But new questions have been raised about Obama’s student loans and Obama’s ties to a radical Muslim activist who reportedly was raising money for Obama’s Harvard studies during the years 1988 to 1991.

The allegations first surfaced in late March, when former Manhattan Borough president Percy Sutton told a New York cable channel that a former business partner who was “raising money” for Obama had approached him in 1988 to … (READ THE REST - Obama college costs paid by Saudis Arabs, Khalid Al-Mansour requested Arab money, Vernon Jarrett Percy Suttton confirm, Obama bow to Saudi King proves loyalty; From Citizen WElls News; 9/24/12)

Syrian War is a Saudi Intelligence Operation


Reason for a Syrian Strike!!!!



What is happening in Syria will not only affect America, Russia, Great Britain, China, Syria, Iran, and Israel. It will affect the entire world because Syria, controlling major oil assets off its coast, occupies a critical position in the global oil economy. It is possible for oil prices to go through the roof, and that would send a tsunami across the global economy. There have been reports put out by big banks like SocGen and Goldman Sachs that oil could soar to $150 a barrel if the Syrian conflict goes hot and draws in Russia and China.


According to an article by Steve Quayle in his, “V - The Guerrilla Economist Updates,” “The trouble for Syria began with two things. First the discovery of natural gas in the Mediterranean right off the coast of Syria, Lebanon and Israel. Read that list again, especially Lebanon and Syria. Is the picture becoming clearer? This discovery took place about a decade ago but the thing is that there already exists in the Middle East a Liquid Natural Gas Producing power house. This is the tiny nation of Qatar.”

Quayle continues, “Now here is where you need to put your thinking caps on. Qatar is floating in LNG (Liquid Natural Gas) it has over 77 Billion Tonnes in Reserve and that is with a moratorium in place. The problem is that Qatar would love to sell its LNG to the EU and the hot Mediterranean markets. The problem for Qatar in achieving this is their regional big brother Saudi Arabia. The Saudis have already said "NO" to an overland pipe cutting across the Land of Saud.” The Qatar / Syria region has vast reserves of natural gas. Russia has a deal with Syria that allows it to sell this Natural Gas and Oil to Europe.”

Russia now controls the oil coming out of Syria and being sold throughout Europe and China. However, there appears to be a battle for the control of that oil.

The Nabucco Agreement was signed by a handful of European nations and Turkey back in 2009. It was an agreement to run a natural gas pipeline across Turkey into Austria, bypassing Russia again with Qatar in the mix as a supplier to a feeder pipeline via the proposed Arab pipeline from Libya to Egypt to Nabucco (is the picture getting clearer?). The problem with all of this is that a Russian backed Syria stands in the way.

Qatar would love to sell its LNG to the EU and the hot Mediterranean markets. The problem for Qatar in achieving this is Saudi Arabia. The Saudis have already said "NO" to an overland pipe cutting across the Land of Saud. The only solution for Qatar if it wants to sell its oil is to cut a deal with … (READ THE REST - AMERICA, SYRIA, AND RUSSIA: OPENING THE GATES OF HELL; By Paul McGuire; NewsWithViews.com; 9/2/13)

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More Thoughts on a Syrian Strike
Sent: 9/6/2013 2:02 PM

Here’s Obama’s press conference transcript from the G 20 today. He said this in the last page towards the end to John Karl.... 

 
"And I want to make sure I’m being clear. I’m not -- I’m not drawing an analogy to World War II, other than to say when London was getting bombed, it was profoundly unpopular, both in Congress and around the country, to help the British". [Editor: Quote is in the Newbill email]

Is Obama trying to scare the European Union into thinking that if the Plan General Wesley Clark talks about (in the Next Video) describing what the additional Links talk about; that is [to say] Europe will Lose its Energy resources coming out of the Middle East????

It would appear Obama is following through with the Plan and General Wesley Clark talks about it here in this Video:
VIDEO: The Plan -- according to U.S. General Wesley Clark (Ret.)

And there is a purpose for this plan that has Saudi Arabian interests all over it as well as the Interests of a Banking cartel called the Federal Reserve that wants to continue to reign as the Petrol Dollar Trade Currency for OPEC Oil.

Syrian War is a Saudi Intelligence Operation

http://www.omegashock.com/2013/09/05/syrian-war-is-a-saudi-intelligence-operation/
Reason for a Syrian Strike!!!! This shows how Obama and the Banking Cartel that runs the dollar trade currency for OPEC OIL can use the strike as a gathering tool to bring Saudi and Qatar and the Muslim Brotherhood as the “Enforcer” together. The rest of the world, Russia and China primarily will not sit back and let this happen. WW3 will be the result!!!!!!

http://www.newswithviews.com/McGuire/paul184.htm [Editor: Excerpted above]

But once you realize this Alliance between [the Obama Administration and] Saudi Arabia, that has the leverage on the Federal Reserve's desires to keep the dollar as the Petrol Dollar Trade Currency in OPEC, then the Various alliances – Qatar, Muslim Brotherhood alliances and Obamas connections with them, NOW BRING into this Mix the fact that General Wesley Clark Talking about "The Plan," it becomes clear that Obama has been put in place to bring together the factions needed to Put Saudi Arabia in charge of the majority of Middle Eastern Oil and The Dollar Custodians Continue to reign over the trade of OPEC Oil.

Looking at this alliance between Saudi Arabia and Obama shows us that it would appear that Saudi Arabia is running the Military Decisions of the USA!!!!!

The Obama/Saudi Arabian Loyalty is built into the Commander -in- Chief Position held by Obama today!!!!! Obama is following through with a Plan that General Wesley Clark points out in the first link of a video. This is a Plan that Bush was Following too! So WHO IS RUNNING THE USA OFF THE CLIFF?????
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I just posted this - please check it out
Sent: 9/6/2013 4:41 PM

Oil is NOW the World’s biggest Enemy, when once before it was the salvation!!


Oil is NOW the World’s biggest Enemy, when once before it was the salvation!! This is why we need Multiple Energy resources for Peace.

These next paragraphs will explain what and why we see nations at war with each other and the time has come for a Real Serious Debate with people that are NOT Owing anyone any favors to keep a Greedy Few In control of the pricing of the One Energy Source that dominates the Lives of Everyone in the World before it’s too late!!!!!!!!!!!!!!!!!

Saudi Arabia and QATAR support the Muslim Brotherhood, and Obama is Loyal to Saudi for his life's financing in collage and beyond and the allegiance to the brotherhood is a Strategic goal of the Saudis to be the strongmen to control the whole Middle East replacing the Independent Strongmen that have been in control.

Let’s consider these Pictures and think are the Goals of Saudi Arabia being put in place by our Elected leaders like they are being bribed by [the] Saudis with the threat of the dollar being replaced as [the] OPEC petrol Dollar trade Currency if they do not follow through with the plan?????

America is being held Hostage by a Substance that is Not in Our country and is forcing our brave men and women to have to sacrifice their lives to protect, develop and deliver a source of revenue to the benefit of a Hierarchy of Sharia law Promoters that … (READ THE REST - Oil is NOW the World’s biggest Enemy, when once before it was the salvation!! By Tony Newbill; Patriot Action Network; 9/6/13 5:40pm)

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China’s Pivot to Latin America
Sent: 9/9/2013 4:52 PM

This will Keep the Federal Reserve buying US Bonds forever and doom the dollar as world’s trade currency.


The quest for global naval power runs parallel to competition for control of markets in Latin America... The two largest world economies, the United States, and China are vying for control of these markets.

China has an enormous population of approximately 1.3 billion people but   is only able to use a very small percentage of its land mass. Its’ consumer market is the wealthiest it has been in modern times. China desires access to key resources such as petroleum, coal, iron, uranium, as well as agricultural products. Latin America is in high global demand, with 500 million people, and a $3trillion market. In its quest to be Latin America’s foremost business partner, China has risen out of ambiguity to become one of the top three exporters, sometimes surpassing the United States in countries like Argentina, Peru, Venezuela, Chile, and Brazil.
 
China has sought to be the prime lender in Latin America, loaning $110 billion dollars thus exceeding the World Bank’s contribution for the past two years. Some of China’s other most noteworthy loans include $28 billion to Venezuela, $10.2 billion to the Argentine debt swap, and 10 billion to Brazilian oil company, Petrobras. China wishes to benefit from developing infrastructure, ports, roads and rail systems in Latin America. In Nicaragua, China is planning the start of a canal bigger than the Panama Canal, facilitating passage to larger container ships than the Panama Canal is now able to handle. In Panama, China controls the leases at both ends of the Panama Canal and is in the process of widening the Canal in order to accommodate larger vessels. This constitutes excellent strategic positioning for China, giving them virtual control over two major passageways. Though a huge amount of the world’s trade transits the Panama Canal, the United States remains its biggest user.

China’s economic relations in the Caribbean are also growing by leaps and bounds. Consider a $2.6 billion resort, among a gaggle of Chinese owned hotels and casinos being built by the Chinese in the Bahamas, 80 miles off the U.S. coast. Or Complant, a Chinese company, investing millions of dollars in … (READ THE REST - China’s Pivot to Latin America; By Terence Rosenthal; The Americas Report; 9/4/13)

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Is this why Senator McCain has BEEN Making the Push to strike Syria??????
Sent: 9/10/2013 10:37 AM

Here is an Article that shows you the relationship between Senator John McCain and those who can Benefit from a Syrian Strike. And [this Article shows] how the News Media and Business Media would drive the use of force to rally support from the Citizenry [and] why their motive is concealed. But thanks to alternative media sites the truth can prevail!!!!!


A US campaign watchdog has accused presumptive Republican president nominee John McCain of violating election laws by accepting campaign contributions from two prominent Londoners.

At issue is a fundraising luncheon held in March at London's Spencer House, during McCain's swing through the United Kingdom. An invitation to the event lists Lord Rothschild and Nathaniel Rothschild as hosts, and indicates the event was made possible with their "kind permission".

Judicial Watch, a Washington organisation instrumental in the March release of Hillary Clinton's White House schedules, has asked US election monitors to investigate whether the Rothschilds improperly sponsored the fundraiser. US political campaigns are forbidden from accepting contributions from foreign nationals.

"The question is whether or not the Rothschilds paid for … (READ THE REST - McCain accused of accepting improper donations from Rothschilds; By Daniel Nasaw; The Guardian; 4/28/08)

Now read the Board member List in this article of those who would Benefit from taking Over the Oil and routes in Syria opening the door to a pipeline from Saudi/Qatar to the Mediterranean to supply the EU region with LNG.  The reason for our Government supporting the very Terrorist organizations Like the Muslim Brotherhood and key assets under their command that the Military has been fighting since 2001 becomes clear and disgusting!!!

This is Treason by the elite hierarchy and is criminal internationally it would seem!!!!!!


Genie Energy Corporation (Genie Energy), a division of IDT Corporation (NYSE: IDT, IDT.C), today announced that Lord (Jacob) Rothschild and Rupert Murdoch have each purchased equity stakes in Genie Oil and Gas Inc. Jacob Rothschild will join Rupert Murdoch on Genie Energy's Strategic Advisory Board and Jacob Rothschild's interests will partner with Genie Energy to raise capital for the eventual commercialization of its oil shale projects.

Jacob Rothschild and Mr. Murdoch separately purchased equity positions equivalent to a cumulative 5.5% stake in Genie Oil and Gas Inc., which consists of IDT's interests in American Shale Oil, LLC (AMSO), and Israel Energy Initiatives, Ltd., (IEI), for a total of $11.0 million dollars.

Claude Pupkin, CEO of Genie Oil and Gas, commented, "Genie's success will ultimately depend, in part, on access to the expertise of the oil and gas industry and to the financial markets. Jacob Rothschild and Rupert Murdoch are extremely well regarded by and connected to leaders in these sectors. Their guidance and participation will prove invaluable."


Other members of Genie's Strategic Advisory Board are:

Alan K. Burnham, PhD – Chief Technology Officer, American Shale Oil, LLC.; Research scientist at Lawrence Livermore National Laboratory for over 30 years;
Dick Cheney – 46th Vice President of the United States. Former President and CEO of Halliburton Company, and U.S. Secretary of Defense;
Wes Perry – Chairman of the Board, Genie Energy. Founder and CEO of E.G.L. Resources, an energy exploration and development company;
Allan Sass, PhD – Former President and CEO of Occidental Oil Shale, a subsidiary of Occidental Petroleum;

Michael Steinhardt – Principal Manager, Steinhardt Management LLC. Renowned hedge fund investor and founder Steinhardt, Fine, Berkowitz & Co., and noted philanthropist;
Eugene A. Renna – Former Executive Vice President of Exxon Mobil and a member of its Board. Also formerly President and COO of Mobil Corporation;
Stephen M. Trauber – Vice Chairman and Global Head; Energy Investment Banking Group, UBS Investment Bank;
Harold Vinegar, PhD – Former Chief Scientist - Royal Dutch Shell.

… (READ ENTIRETY - Business and Financial Leaders Lord Rothschild and Rupert Murdoch Invest in Genie Oil & Gas; By Bill Ulrey; IDT Corporation; 11/15/10)

Here’s the plan for the Pipeline up through Syria from Qatar:

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© Tony Newbill
Edited by John R. Houk
Brackets indicate Editor Additions

Sunday, September 1, 2013

Tony Newbill Emails 7-25 to 8-2-13

SS United States sinking
Posted September 1, 2013

This instalment of Tony Newbill emails focuses on the economy with the last email looking at the injustice of Federal Employees getting a pass from Obamacare because it would raise each employee’s insurance premium.

JRH 9/1/13
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Here comes the Hyper-Inflation to the USA and Euro ZONE in Fuel!!!!!!   'Petro-Yuan' vs 'Petrodollar'
7/25/2013 10:33 AM


With gold now traded in Yuan, it appears to be only a matter of time before oil is traded in Yuan thereby positioning the Yuan as ‘Petro-Yuan’ and a rival to the Petrodollar as the global reserve currency.


China’s Yuan Set to Become Global Reserve Currency with Gold Backing?
By Mark O’Byrne
25 July 2013


Recent media reports in China and Russia suggest that China is continuing to consider backing the yuan with gold. Since 2005, we have said that such a move by China was likely as China seeks to become a superpower and lessen and undermine U.S political dominance. We have in the past discussed the possibility of the Chinese pegging their currency to gold bullion.

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HEY will this be a PHONY SCANDAL???
7/25/2013 10:50 AM


[Editor: A humor look on how your personal data can be collected by a person buying pizza. This answers the question in Newbill’s title. You have to watch be clicking above link!]
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Consider Private Sector Economy Transforming to a Govt. Phony Fiat Capitalist Economy
8/1/2013 12:02 PM

Let’s consider what is driving the fundamental transformation from a private sector driven Economy to one that’s initially funded by Governments around the world with Phony Fiat Capital..... I would like to draw your attention to what is said at this link:


The Green Agenda

"We require a central organizing principle - one agreed to voluntarily.
Minor shifts in policy, moderate improvement in laws and regulations,
rhetoric offered in lieu of genuine change - these are all forms of
appeasement, designed to satisfy the public’s desire to believe that
sacrifice, struggle and a wrenching transformation
of society will not be necessary
."

- Al Gore,

Earth in the Balance

The Great Shift
Environmental activists often claim that modern human civilisation is ‘destroying the earth’ and our harmful activities are overwhelming Gaia’s ability to regenerate ‘herself.’ As discussed in my article about the Club of Rome (CoR) the concepts of sustainability and ‘ecological overshoot’ were brought to widespread public attention by the CoR in their 1972 report Limits to Growth. According to their predictions by now we should have run out of many vital resources, including zinc, aluminium and uranium, and be experiencing extreme food and oil shortages.

Despite the obvious failure of their dire warnings to eventuate the CoR, and a plethora of other environmental organisations, have continued to proclaim that the planet is rapidly approaching critical tipping points that will plunge the earth into an ecological collapse and result in the dieoff of thousands of species (including us). Of course the most successful tool they have found to promote this concept is Global Warming. Most other environmental problems are of a local or regional nature, are clearly visible, and can be addressed with appropriate regulations. Global Warming, however, is caused by an invisible trace gas, an essential nutrient for life, and a by-product of almost every human activity (even breathing) but, they claim, it will doom us all!

For more than thirty years the CoR has proclaimed that our modern society is unsustainable and must be replaced by an “interdependent sustainable global society, based on respect and reverence for the Earth.” This theme has become rooted deeply within the environmental movement. There is now a constant and increasingly loud drumbeat for CHANGE. This has coincided with a dramatic escalation in the rhetoric of those eager to pronounce our doom. According to a recent report the use of the word ‘crisis’ in the mainstream media has been increasing by more than 10% per year since 1995.

This psychological warfare has been very successful. Many people now feel afraid and uncertain. They tell us that soon there will be no more oil, the economy is about to collapse and our children are going to burn. No wonder people are beginning to embrace the ‘green solutions’ that they promise will lead us away from the abyss. Of course this has been the plan all along. The CoR state clearly in their own words:

Man possesses, for a small moment in his
history, the most powerful combination of knowledge,
tools, and resources the world has ever known. He has
all that is physically necessary to
create a totally new form
of human society
- one that would be built to last for
generations. The two missing ingredients are a realistic,
long-term goal that can
guide mankind to the equilibrium
society
and the Human Will to achieve that goal
.”
- Club of Rome,
Limits to Growth (1972)
The common enemy of humanity is man
.
In searching for a new enemy to unite us, we came up
with the idea that pollution, the threat of global warming,
water shortages, famine and the like would fit the bill. All these
dangers are caused by human intervention, and it is only through
changed attitudes and behavior that they can be overcome.
The real enemy then, is humanity itself."

- Club of Rome,
The First Global Revolution (1992)

Fortunately, those pushing the Green Agenda have already developed a range of alternative world systems which, they say, will solve the problems that humanity has caused. These proposals go by various names: The Great Shift, The Great Transition, A New Green Deal, The Planetary Phase, The Power Down, The Great Descent etc. However, they all seem to several elements in common: a global management system for world resources, a global currency, replacing nation states with regional unions, population control/reduction, and READ THE REST


And then please take a Look at this, because we the people are being played for FOOLS!!!!!!!

[Editor: the below writing only makes sense in Newbill parlance if it is a demonstration of the propaganda idiocy by Left Wing NWO. Otherwise it is a bit confusing.]

A quote from a Paragraph in this Link speaks volumes and Strikes directly at the heart of a Capitalist economic system and explains why we see an unsustainable debt slowing [and] collapsing the current economic system worldwide. Gandhi said, “[B]e the change you want to see in the world”. In today’s world this means change your consciousness so others would change theirs. How can you do that? First of all, get rid of the old consciousness, and the values and beliefs that support it.

Ask yourself: do you believe that —

o   Everyone is separate and rightfully pursues just his or her own interest.

o   Life is a struggle for existence; only the fittest (meaning the wealthiest or most powerful) survives.

o   In the ruthless competition for fitness the ends justify the means.

o   The more money you have, the better you are (and very likely also the happier).

o   People owe allegiance only to one nation and one company—the rest are strangers and competitors.

o   If we want peace, we must prepare for war.

o   Technology and efficiency are the answer, no matter what the question.

o   For all intents and purposes the Earth is an inexhaustible source of resources and an infinite sink of wastes.

o   The environment can be engineered like a settlement or a highway to fit our needs and demands.

If you hold such beliefs, you are part of the problem. But how can you become part of the solution? Here you must take a further step: adopt new thinking. As Einstein said, you can’t solve a problem with the same kind of thinking that produced the problem.


WorldShift
The Quest for a Quantum Leap in Human Affairs

By Ervin Laszlo
WorldShift Network


We are approaching a major watershed; a global tipping point.  Our very survival is in question.

We are destroying the planet. The production of essential biological and physical resources has already peaked.  Forests, species of fish, and coral reefs are damaged and disappearing, soils are impoverished by overcropping and by chemicals; diversity is reduced by genetic manipulation. The reserves of fresh water are diminishing; more than half the world’s population faces water shortages. And climate change threatens to make much of the planet unsuited for food production and habitation.

We are destroying the fabric of society. There is growing insecurity in countries both rich and poor and greater propensity to resort to terrorism and war. Islamic fundamentalism is spreading throughout the Middle East, religious fanaticism is growing in America, neo-Nazi and other extremist movements are surfacing in Europe. The gap is widening between the wealthy and powerful and the poor and marginalized. Eighty percent of the world’s domestic product belongs to one billion people, and the remaining twenty percent is shared by five-and-a-half billion. One in three urban dwellers live in slums, shantytowns and urban ghettoes; more than 900 million are classified as slum-dwellers.

If we continue in this way, changing weather patterns will create drought and hurricanes, harvest failures, and rising sea levels.  Famine and frustration will fuel terrorism and trigger wars.  The delicate balance of our global interdependence will READ ENTIRETY

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State Law could Kill 'Made in USA' Label
8/1/2013 3:45 PM

And we wonder why our middle class is dying?????

State law could kill 'Made in USA' label

If a company wants to label its product “Made in the USA,” it had better beware of selling it in California, which may allow people to sue the company for using the label.

While the other 49 states adhere to federal standards allowing a product to carry the “Made in the USA” label if it is substantially manufactured in the U.S., California alone requires a product be 100-percent American made. Not a pin, not a screw can be made anywhere else.

In fact, in 2011 California’s Supreme Court affirmed in Kwikset v. Benson that the company Kwikset could be sued for using the label on one of its locks because the screws in it were manufactured in Mexico.

Far from protecting American manufacturers and consumers, however, even the Made in USA Foundation is warning California’s law is placing a chilling effect on American companies everywhere.

“In our new global economy it is virtually impossible to manufacture a high-tech product 100-percent in the USA,” explained Joel Joseph, chairman of the Made in the USA Foundation, in support of a California Assembly bill that would amend the law and bring the state into line with federal guidelines.

“The fact that California is the only state in the nation to have such rigid standards is a barrier to business,” added California Assemblyman Brian Jones, R-Santee, sponsor of the bill, AB 890, which was blocked in committee June 25 but has been granted reconsideration. “The inconsistency in law has resulted in (READ THE REST - State law could kill 'Made in USA' label: 'Joblessness and dysfunctional government go hand in hand'; By Drew Zahn; WND; 6/30/13 1:33 PM)

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How Long before the Tradeoff Stagnates?
8/2/2013 9:03 AM

So as long as Metals/raw resources keep selling off in the West and relocate to Asia they will continue to take dollars in exchange for Durable is what I see in these reports.


LBMA Data: Beyond The Smoke And Mirrors

By Michael O’Brien
2 August 2013
GoldCore


On Wednesday, the London Bullion Market Association (LBMA) published June clearing turnover statistics for the over-the-counter London Gold Market which revealed a new multi-year record of astronomical monthly ‘gold clearing’ activity for June and rounded off a quarter of record activity from April to June, a period during which the gold price fell substantially. These monthly statistics are usually released at least one month after the end of the reporting month, hence the latest figures were released on July 31st.

On a six month comparison from January to June 2013, even though the gold price fell by 20.7% over the period, demand for gold shot up by 39%. As the LBMA commented on Wednesday:

“demand for gold has increased by 39% since January, buoyed by strong physical demand particularly from China and India which has more than offset sales by ETF funds in the western economies”

June gold clearing figures broke a new record for millions of ounces transferred with on average 29 million ounces transferred (cleared) per day in the London Market, improving on the previous multi-year record of 28.2 million ounces transferred per day which was reached in May.

Since the gold price trended lower in June compared in May, the average daily value in US dollar cleared was lower in June than in May, even though volume was higher. The June average daily number of gold transfers reached READ ENTIRETY

This Week's Market Updates (7/29 to 8/1/13)


Monday

Tuesday

Wednesday
Thursday

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Well No Wonder the Support at the Federal Level for Obamacare will Continue!!!!!!!!
8/2/2013 9:29 AM

The Office of Personnel Management, under heavy pressure from Capitol Hill, will issue regulations saying that the government can continue to make the employer contribution to the health plans of congressional members and aides, according to several Hill sources.


Lawmakers and staff can breathe easy — their health care tab is not going to soar next year.

The Office of Personnel Management, under heavy pressure from Capitol Hill, will issue a ruling that says the government can continue to make a contribution to the health care premiums of members of Congress and their aides, according to several Hill sources.

A White House official confirmed the deal and said the proposed regulations will be issued next week.

Just Wednesday, POLITICO reported that President Barack Obama told Democratic senators that he was personally involved in finding a solution.

The problem was rooted in the original text of the Affordable Care Act. Sen. Chuck Grassley (R-Iowa) inserted a provision which said members of Congress and their aides must be covered by plans “created” by the law or “offered through an exchange.” Until now, OPM had not said if the Federal Employee Health Benefits Program could contribute premium payments toward plans on the exchange. If payments stopped, lawmakers and aides would have faced thousands of dollars in additional premium payments each year. Under the old system, the government contributed nearly 75 percent of premium payments.

Obama’s involvement (READ THE REST - Hill gets Obamacare fix; By JOHN BRESNAHAN and JAKE SHERMAN; Politico; 8/1/13 9:39 PM EDT Updated: 8/2/13 6:33 PM EDT)
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Edited by John R. Houk
© Tony Newbill
Brackets indicate words added by Editor.