Greece is Being Fleeced
The international banking cartel has financially crippled Greece to the point where they must sell-off valuable assets. This sell-off provides no guarantee that Greek unemployment numbers will decrease or that the economy will rebound. It just means that they will have to pay some "hidden black hand", rather than their own government.
The money raised through this sell-off will in all likelihood pay-down some of the Greek sovereign debt. The Greeks will then have no assets, nor any money in the government coffers. They will have been fleeced. The Ponzi game works so amazingly well. No matter what government is put in power, they all become pawns in the game.
By Demetris Nellas, The Associated Press
ATHENS, Greece - Greece's three-party coalition government will try to get the economy out of its deep recession by encouraging private investment and making privatizations its "highest priority," finance minister Yannis Stournaras said Saturday.
"The privatization program aims at attracting important international capital that will be invested mainly in property development and infrastructure," Stournaras told parliament on the second day of the debate on the new government's policy platform.
He said the government plans to give priority to 28 privatizations, including the state natural gas, water and betting companies, the development of the former Athens airport, other airports, yacht marinas, the state railways and the sale and leaseback of 28 state properties. The privatization of Public Power Corporation will come at a later stage, Stournaras said.
Thank you,
Joseph Pede
Sunday, July 8, 2012
Saturday, July 7, 2012
Banks and Corporations - Accomplices to Planetary Genocide
Banks and Corporations - Accomplices to Planetary Genocide
When you starve people of jobs, opportunity and a livelihood, it is no different than watching a child in Rwanda die of malnutrition and disease. It is the thoughtfully planned execution of human life. As I have said before, one day you will do nothing and become nothing – because you have done nothing about it!
Corporate profits are at an all-time high. The cash generated by these profits are secured in bank vaults across the globe. Trillions of dollars that could have been invested in job creation have been withheld for only one purpose – to degrade human involvement in the globalist agenda and starve people of their pride and ability. The sad irony is that the bulk of these profits have been earned with the complicity of our elected political officials and the central banks. I am confident, that just as JP Morgan earns over 70% of their profits through government subsidies and programs, many multi-national corporations have banked their fortunes with the help of the “Ponzi Printing Press” of the central banks.
In most cases, an education will not give you the ability to think nor address your future role in society. Education has been corporatized to coral the sheep, not awaken your senses. The globalist ploy of withholding biological, chemical and physical advancements, sacred technology and advanced scientific patents is at the heart of the starvation agenda. Corporate profits seek to propel a “black agenda” rather than enriching the value of human life.
Thank you,
Joseph Pede
Unrelated footnote:
When I look at the sinister determination of John Baird, the Canadian Minister of Foreign Affairs, I cringe to think that many of us believe what he says and stands for. If you could just see through the illusion, then you would see the malevolent reality that veils the true agenda of globalism.
When you starve people of jobs, opportunity and a livelihood, it is no different than watching a child in Rwanda die of malnutrition and disease. It is the thoughtfully planned execution of human life. As I have said before, one day you will do nothing and become nothing – because you have done nothing about it!
Corporate profits are at an all-time high. The cash generated by these profits are secured in bank vaults across the globe. Trillions of dollars that could have been invested in job creation have been withheld for only one purpose – to degrade human involvement in the globalist agenda and starve people of their pride and ability. The sad irony is that the bulk of these profits have been earned with the complicity of our elected political officials and the central banks. I am confident, that just as JP Morgan earns over 70% of their profits through government subsidies and programs, many multi-national corporations have banked their fortunes with the help of the “Ponzi Printing Press” of the central banks.
In most cases, an education will not give you the ability to think nor address your future role in society. Education has been corporatized to coral the sheep, not awaken your senses. The globalist ploy of withholding biological, chemical and physical advancements, sacred technology and advanced scientific patents is at the heart of the starvation agenda. Corporate profits seek to propel a “black agenda” rather than enriching the value of human life.
Thank you,
Joseph Pede
Unrelated footnote:
When I look at the sinister determination of John Baird, the Canadian Minister of Foreign Affairs, I cringe to think that many of us believe what he says and stands for. If you could just see through the illusion, then you would see the malevolent reality that veils the true agenda of globalism.
Friday, July 6, 2012
Understanding Nationalism
Understanding Nationalism
It is to be expected that individuals would show affection, and even a loyalty, towards their “root” country. The desire to identify with one’s ancestral roots is what sustains the blanket of human diversity. The “key” to sustaining ethnic diversity is found in only one form - it is neither religion nor geography, but rather “language”. The spoken word provides one the ability to cross oceans and then implant ethnicity and culture on any foreign terrain.
Oddly, food and diet present the second opportunity to sustain one’s ethnicity. While it is not of the spoken word, it helps to explain the diversity and complexity of Mother Nature. After a great meal, a hearty flagellant will speak the one and only universal language we all know – LOL.
When Globalists pursue the notion of a New World Order, they do so, not through the destruction of nationalism but rather the destruction of language. Language is a pivotal survival tool. Not comprehending someone creates many difficulties. Language is the security key that sustains nationalism. You become a citizen of the world not because you have travelled to every great place on this planet, but rather because you can communicate words and feelings with anyone, anywhere, anytime.
Understanding your neighbor is much more important than waiving a flag. A flag helps to define a specific geographic territory; language is the only instrument through which diplomacy works.
Finally, loyalty to your roots should not encompass a fondness for institutions. Institutions serve to serve themselves and not the greater good of humanity. Your loyalty should be to your root language and your neighbor. Your language should be used as tool to raise humanity’s flag.
Thank you,
Joseph Pede
It is to be expected that individuals would show affection, and even a loyalty, towards their “root” country. The desire to identify with one’s ancestral roots is what sustains the blanket of human diversity. The “key” to sustaining ethnic diversity is found in only one form - it is neither religion nor geography, but rather “language”. The spoken word provides one the ability to cross oceans and then implant ethnicity and culture on any foreign terrain.
Oddly, food and diet present the second opportunity to sustain one’s ethnicity. While it is not of the spoken word, it helps to explain the diversity and complexity of Mother Nature. After a great meal, a hearty flagellant will speak the one and only universal language we all know – LOL.
When Globalists pursue the notion of a New World Order, they do so, not through the destruction of nationalism but rather the destruction of language. Language is a pivotal survival tool. Not comprehending someone creates many difficulties. Language is the security key that sustains nationalism. You become a citizen of the world not because you have travelled to every great place on this planet, but rather because you can communicate words and feelings with anyone, anywhere, anytime.
Understanding your neighbor is much more important than waiving a flag. A flag helps to define a specific geographic territory; language is the only instrument through which diplomacy works.
Finally, loyalty to your roots should not encompass a fondness for institutions. Institutions serve to serve themselves and not the greater good of humanity. Your loyalty should be to your root language and your neighbor. Your language should be used as tool to raise humanity’s flag.
Thank you,
Joseph Pede
Wednesday, July 4, 2012
When the” Messenger of the Vatican” meets the “Messenger of the Times”
When the” Messenger of the Vatican” meets the “Messenger of the Times”
A truly historic event occurred today, but you will not hear or read of it. I have stated emphatically that the Vatican rules the world. The Vatican has ruled our spiritual and financial world for almost two millennia. This institution holds untold wealth and power; they are the protectors of Mankind’s history and more importantly, they are the vicars of all sacred technology. They sit atop the pyramid and oversee all global governments. They are god on Earth and the Knights of Malta sit at the right hand of god. This powerful Order, with its own illustrious history, reports directly to the Pope. The influence of the Knights spans the globe. They are a chivalrous Order and that means something more in the hidden world of authority. Freemasons are not a chivalrous order, yet they report to queen Elizabeth. The latter are the opportunistic wolves and thieves.
Today, the Prince and Grand Master of the Knights of Malta visited Russia. Yes, the home of the most significant personality of the 21st century, Vladimir Putin. Please read the following:
Fra’ Matthew Festing, the Grand Master of the Sovereign Military Order of Malta, arrives in Russia in the first such visit in more than two centuries.
In Moscow Matthew Festing will be meeting with government officials and senior members of the Russian Orthodox Church. He will also attend the opening of an exhibition marking 20 years of diplomatic relations between this country and the Maltese Order, which once was headed by Russian Emperor Paul I.
The proceedings of the Order are governed by its Constitutional Charter and the Order's Code. The Maltese Order signs international agreements, issues passports and has its own currency. Worldwide, there are over 13,000 knights and dames of the Maltese Order.
In the wake of the Syrian crisis and a global economic Armageddon, these two individuals have come together to discuss the future history of Mankind. This meeting follows Putin’s meeting with Israel's political elite and Prime Minister Netanyahu. You may not know it but Zionism is a branch of the Vatican. The older brother reports to the younger one in the city of the seven hills. Yes, our earthly gods are orchestrating humanity’s next step and Russia plays a pivotal role.
Finally, Cuba’s Raul Castro has just made a stop in China. Castro will meet with senior Chinese officials and Hu Jintao. These trading partners will no doubt reminisce on the failed Bay of Pigs fiasco, and discuss the continued decline of the West. The Helms-Burton Act is a symbol of the West’s inability to adapt to the times. Canadian investment in Cuba thrived because we had a leader who admired leadership and not bullshit. That leader was Pierre Elliot Trudeau. His friendship with Fidel Castro opened tremendous economic opportunities for Canada in Cuba. Trudeau also had the vision to create ties with China. Harper decided to re-visit that very same opportunity very late in the current economic game.
Thank you,
Joseph Pede
A truly historic event occurred today, but you will not hear or read of it. I have stated emphatically that the Vatican rules the world. The Vatican has ruled our spiritual and financial world for almost two millennia. This institution holds untold wealth and power; they are the protectors of Mankind’s history and more importantly, they are the vicars of all sacred technology. They sit atop the pyramid and oversee all global governments. They are god on Earth and the Knights of Malta sit at the right hand of god. This powerful Order, with its own illustrious history, reports directly to the Pope. The influence of the Knights spans the globe. They are a chivalrous Order and that means something more in the hidden world of authority. Freemasons are not a chivalrous order, yet they report to queen Elizabeth. The latter are the opportunistic wolves and thieves.
Today, the Prince and Grand Master of the Knights of Malta visited Russia. Yes, the home of the most significant personality of the 21st century, Vladimir Putin. Please read the following:
Fra’ Matthew Festing, the Grand Master of the Sovereign Military Order of Malta, arrives in Russia in the first such visit in more than two centuries.
In Moscow Matthew Festing will be meeting with government officials and senior members of the Russian Orthodox Church. He will also attend the opening of an exhibition marking 20 years of diplomatic relations between this country and the Maltese Order, which once was headed by Russian Emperor Paul I.
The proceedings of the Order are governed by its Constitutional Charter and the Order's Code. The Maltese Order signs international agreements, issues passports and has its own currency. Worldwide, there are over 13,000 knights and dames of the Maltese Order.
In the wake of the Syrian crisis and a global economic Armageddon, these two individuals have come together to discuss the future history of Mankind. This meeting follows Putin’s meeting with Israel's political elite and Prime Minister Netanyahu. You may not know it but Zionism is a branch of the Vatican. The older brother reports to the younger one in the city of the seven hills. Yes, our earthly gods are orchestrating humanity’s next step and Russia plays a pivotal role.
Finally, Cuba’s Raul Castro has just made a stop in China. Castro will meet with senior Chinese officials and Hu Jintao. These trading partners will no doubt reminisce on the failed Bay of Pigs fiasco, and discuss the continued decline of the West. The Helms-Burton Act is a symbol of the West’s inability to adapt to the times. Canadian investment in Cuba thrived because we had a leader who admired leadership and not bullshit. That leader was Pierre Elliot Trudeau. His friendship with Fidel Castro opened tremendous economic opportunities for Canada in Cuba. Trudeau also had the vision to create ties with China. Harper decided to re-visit that very same opportunity very late in the current economic game.
Thank you,
Joseph Pede
I Don’t Get It - Charging Too Much or Too Little?
I Don’t Get It - Charging Too Much or Too Little?
The central banks set the prime rate and then the chartered banks set their savings and borrowing rates. Does the next financial crisis hinge on the absurd and will we now see interest rates increase? How does the public stomach this media induced fraud? I have always stated that depositors were lured into the capital markets, as no reward existed with bank interest income.
The U.S. Federal Reserve gave untold trillions of dollars to major corporations at the onset of the latest ongoing recession. In almost all cases, these funds were given to banks and corporations at zero percent. Much of this money still sits in the coffers of these institutions. These trillions of dollars carry no risk or interest. So why is the public paying interest?
In an article I read today, it stated that over 70% of JP Morgan’s net income is derived through government programs and subsidies.
All banks should be privatized. There should be no privately owned central banks. We must revisit the importance of gold and silver in the valuation of currency. All banking and financial instruments should be outlawed. All bankers are outlaws. The entire financial system is a ponzi scheme.
By James Chapman, Becky Barrow, Ruth Sunderland and Rob Davies
PUBLISHED: 22:53 GMT, 28 June 2012 | UPDATED: 06:56 GMT, 29 June 2012
20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years
• Barclays shares drop 15 per cent as pressure on Diamond grows
• George Osborne promises new criminal sanctions for market abusers
• RBS, HSBC and Lloyds all named as under investigation as scandal widens
Hundreds of bankers across three continents are embroiled in the interest-rate fixing scandal that has left Barclays chief executive Bob Diamond fighting to save his job.
As pressure intensified on Britain’s highest paid banking boss to quit, MPs heard a string of other financial institutions across the world were under investigation.
At least 20 banks are believed to be under suspicion, with growing demands for a criminal investigation.
Read more: http://www.dailymail.co.uk/news/article-2166242/Barclays-20-banks-including-HSBC-facing-criminal-inquiry-rate-fix-scandal.html#ixzz1zcet5jX6
Thank you,
Joseph Pede
The central banks set the prime rate and then the chartered banks set their savings and borrowing rates. Does the next financial crisis hinge on the absurd and will we now see interest rates increase? How does the public stomach this media induced fraud? I have always stated that depositors were lured into the capital markets, as no reward existed with bank interest income.
The U.S. Federal Reserve gave untold trillions of dollars to major corporations at the onset of the latest ongoing recession. In almost all cases, these funds were given to banks and corporations at zero percent. Much of this money still sits in the coffers of these institutions. These trillions of dollars carry no risk or interest. So why is the public paying interest?
In an article I read today, it stated that over 70% of JP Morgan’s net income is derived through government programs and subsidies.
All banks should be privatized. There should be no privately owned central banks. We must revisit the importance of gold and silver in the valuation of currency. All banking and financial instruments should be outlawed. All bankers are outlaws. The entire financial system is a ponzi scheme.
By James Chapman, Becky Barrow, Ruth Sunderland and Rob Davies
PUBLISHED: 22:53 GMT, 28 June 2012 | UPDATED: 06:56 GMT, 29 June 2012
20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years
• Barclays shares drop 15 per cent as pressure on Diamond grows
• George Osborne promises new criminal sanctions for market abusers
• RBS, HSBC and Lloyds all named as under investigation as scandal widens
Hundreds of bankers across three continents are embroiled in the interest-rate fixing scandal that has left Barclays chief executive Bob Diamond fighting to save his job.
As pressure intensified on Britain’s highest paid banking boss to quit, MPs heard a string of other financial institutions across the world were under investigation.
At least 20 banks are believed to be under suspicion, with growing demands for a criminal investigation.
Read more: http://www.dailymail.co.uk/news/article-2166242/Barclays-20-banks-including-HSBC-facing-criminal-inquiry-rate-fix-scandal.html#ixzz1zcet5jX6
Thank you,
Joseph Pede
Tuesday, July 3, 2012
Happy Canada Day!
Happy Canada Day!
We’re just happy to be Canadians, or at least many of us think so. We stand on guard for thee (i.e. the closing line of our national anthem), yet many of us know not what we are guarding.
Let’s reflect on Canada:
a) Incredibly large land mass endowed with endless natural resources
b) Relatively small, intellectually gifted population with an ethnically diverse backbone.
c) We have a universal health care system that provides assistance for all, regardless of race, creed or colour. The lineup, however, is getting longer and longer.
d) We have a sound educational system, yet flawed. Flawed because it has become corporatized. Employment does not hinge on your educational achievements but rather on nepotism – more specifically Anglo and masonically affiliated individuals get the great jobs and remuneration first.
e) As a nation, we have a very interesting history. My hunch is that very little of our past is known by most Canadians.
f) We are a parliamentary democracy and sadly a constitutional monarchy. Trudeau may have brought home the constitution but he did not leave the queen behind – big mistake. We have a Prime Minster and Governor-General who through lies, proroguing and secrecy have turned Canada into a fascio-monarchy.
g) Our currency will survive the global economic Armageddon – it’s plastic. The loonies and toonies that run our banking system have changed our national anthem. They call it the “land of the fee and suckers”.
h) We don’t ask enough questions. Why was Gaddafi murdered and where did his almost one trillion dollars go? How did we stomach the genocide in Iraq and Afghanistan? What happened to Hussein’s billions? Was Jack Layton murdered or was he the unfortunate victim of cancer?
i) We are an officially bi-lingual country. Even though I have acquired more respect for Quebec (i.e. because of the Student protests), I don’t understand why they unleashed political liars like Chretien and Mulroney on our nation. In the scheme of things, it would be better if they separate. All the unemployed youth in the balance of the provinces would then have jobs. The cost of bilingualism would also be discarded.
j) We have a great flag, but we don’t fly it.
k) Hockey is our national pass-time. Don Cherry helps us pass the time as we watch, and we will all pass a stone before the Maple Leafs win another Stanley Cup.
l) The RCMP look fantastic in the colour red. Their leadership leaves a lot to be desired.
m) We make great beer and wine and the various levels of government drink most of the profits. I believe we make the best ice-wine in the world.
n) Native Indians are one of this country’s best treasures. Unfortunately, we continue to bury that treasure.
o) We have great landmarks (eg. Niagara Falls) and outstanding provincial parks. Many of them filled with bears, wolves and beavers. We find these same critters in our masonic halls.
p) We have great singers and musicians and the best in my opinion is Stompin’ Tom Connors. Our Canadian Johnny Cash.
Add to the list and enjoy yourself. Enjoy your democracy. Eh!
Joseph Pede
We’re just happy to be Canadians, or at least many of us think so. We stand on guard for thee (i.e. the closing line of our national anthem), yet many of us know not what we are guarding.
Let’s reflect on Canada:
a) Incredibly large land mass endowed with endless natural resources
b) Relatively small, intellectually gifted population with an ethnically diverse backbone.
c) We have a universal health care system that provides assistance for all, regardless of race, creed or colour. The lineup, however, is getting longer and longer.
d) We have a sound educational system, yet flawed. Flawed because it has become corporatized. Employment does not hinge on your educational achievements but rather on nepotism – more specifically Anglo and masonically affiliated individuals get the great jobs and remuneration first.
e) As a nation, we have a very interesting history. My hunch is that very little of our past is known by most Canadians.
f) We are a parliamentary democracy and sadly a constitutional monarchy. Trudeau may have brought home the constitution but he did not leave the queen behind – big mistake. We have a Prime Minster and Governor-General who through lies, proroguing and secrecy have turned Canada into a fascio-monarchy.
g) Our currency will survive the global economic Armageddon – it’s plastic. The loonies and toonies that run our banking system have changed our national anthem. They call it the “land of the fee and suckers”.
h) We don’t ask enough questions. Why was Gaddafi murdered and where did his almost one trillion dollars go? How did we stomach the genocide in Iraq and Afghanistan? What happened to Hussein’s billions? Was Jack Layton murdered or was he the unfortunate victim of cancer?
i) We are an officially bi-lingual country. Even though I have acquired more respect for Quebec (i.e. because of the Student protests), I don’t understand why they unleashed political liars like Chretien and Mulroney on our nation. In the scheme of things, it would be better if they separate. All the unemployed youth in the balance of the provinces would then have jobs. The cost of bilingualism would also be discarded.
j) We have a great flag, but we don’t fly it.
k) Hockey is our national pass-time. Don Cherry helps us pass the time as we watch, and we will all pass a stone before the Maple Leafs win another Stanley Cup.
l) The RCMP look fantastic in the colour red. Their leadership leaves a lot to be desired.
m) We make great beer and wine and the various levels of government drink most of the profits. I believe we make the best ice-wine in the world.
n) Native Indians are one of this country’s best treasures. Unfortunately, we continue to bury that treasure.
o) We have great landmarks (eg. Niagara Falls) and outstanding provincial parks. Many of them filled with bears, wolves and beavers. We find these same critters in our masonic halls.
p) We have great singers and musicians and the best in my opinion is Stompin’ Tom Connors. Our Canadian Johnny Cash.
Add to the list and enjoy yourself. Enjoy your democracy. Eh!
Joseph Pede
Saturday, June 30, 2012
The Globalists: Planning the Demise of Gold
The Globalists: Planning the Demise of Gold
Financial updates are now focusing on a waning global economy and the demise of gold. Some reports suggest that gold will fall below $700.00 an ounce in the short term.
While the financial reports plan for a gold holocaust, the final sentences of these clandestine traps report that gold will flourish in the longer term. The current agenda is to have small investors divest themselves of gold and then have banks, sovereign governments and institutional investors stockpile their gold reserves at lower market prices.
The global debt conundrum can only be “reset” by a commodity-backed currency. Those major commodities include gold and silver. This can be the only reasonable explanation as to why sovereign governments around the world have been purchasing gold and silver.
The financial markets are technological whores, manipulated by algorithms, sophisticated computer servers and insider trading. I’ve heard that as much as 80% of stock market trades are server based – the unsophisticated investor does not stand a chance.
My suggestion, don’t listen to what they say, watch what they do. Thank you, J. Pede
Author: Jeffrey Nichols
Posted: Wednesday , 25 Apr 2012
Central Bank gold purchases - an assessment of the impact
After yesterday's report on the latest Central Bank gold purchases, Jeffrey Nichols analyses the impact of such buying on the global gold market and its underpinning of the gold price.
A recent survey of central-bank reserve managers predicted that the most significant change in their official reserve holdings over the next 10 years will be their intentional accumulation of gold.
In fact, central-bank reserve managers are already moving in this direction, expanding their reported bullion reserves by 439.7 tons last year - the biggest annual increase in almost five decades . . . and this doesn't count significant purchases that remain unreported.
Central banks, taking advantage of depressed market prices, were again big buyers of gold this past March according to statistics just issued by the International Monetary Fund. Reported official gold holdings increased by 49.8 metric tons last month and 55.1 tons during the first quarter.
However, it is quite likely that actual central bank gold reserves rose considerably more as some countries, led by China, choose not to report or otherwise publicize their gold market activities.
Among those central banks reporting to the IMF, Mexico was perhaps last month's most notable buyer, adding some 16.8 tons this past March on top of the 98.8 tons purchased in 2011.
Turkey added some 11.5 tons to official reserves, although this results from commercial bank transfers to meet domestic reserve and collateral requirements.
Russia, a fairly regular buyer in recent years, boosted its official gold reserves by some 15.6 tons last month and the country's central bank has said it bought another ton in the first three weeks of April. Proving itself to be an astute trader, Russia's central bank was a small seller at higher prices in February.
Kazakhstan, like Russia, buying from domestic mine production, added 4.3 tons last month. In addition, a few other countries bought smaller amounts.
Readers of my NicholsOnGold reports and followers of my more frequent Twitter posts should not be surprised by the recent news of continued significant central bank gold purchases this past March. We have repeatedly suggested that official purchases were giving the market some downside protection with central banks buying on dips when their purchases would not be disruptive or particularly visible to other market participants and observers of the gold scene.
Central banks, like many private investors, view gold as a hedge against debasement and devaluation of their U.S. dollar- and euro-denominated currency reserves.
And, because it is the only financial asset with no counterparty risk, central banks hold gold as a safe haven free from confiscatory and political risk. Indeed, both Iran and Venezuela last year, as a precaution against political risk in the form of economic sanctions, repatriated some of their official reserves that were previously held in Bank of England vaults.
With total reported global official gold reserves at roughly 31,000 tons (997 million ounces) compared to annual world gold mine output at 2,810 metric tons (about 90 million ounces), relatively small percentage changes in central bank holdings can have a significant influence on the metal's price.
In the two decades through 2009, net official sales added roughly 15 to 20 percent to the supply of gold entering the market each year. One can imagine that this additional supply had a considerable negative effect on the metal's price.
Similarly, in more recent years, the effect of central banks shifting gears - becoming net buyers rather than net sellers - has had a very positive effect on the metal's price.
I believe that net official gold accumulation will not only continue but will likely expand in 2012 and for years to come. With China and Russia leading the pack, a growing number of central banks, underweighted in gold and over-weighted in dollars and euros, will join the line to buy gold.
Importantly, the official sector will continue to underpin the price - buying on corrections when significant quantities are readily available and may be purchased discretely without disrupting the market.
Fuelling the rise in official sector interest in gold is the anticipated future depreciation of the U.S. dollar in world currency markets and the continuing erosion of its status and role as the world's key official reserve asset.
And, the dollar is not the only currency suffering a loss of respect. A few weeks ago, an Asian-country central banker told me his country's recent gold purchases had been motivated mostly by a loss of confidence in the euro as a reliable reserve asset.
In recent years, China's central bank, the People's Bank of China, has probably been the most significant buyer. Three years ago - in April 2009 - the PBOC revealed it had bought some 454 tons of gold over the preceding six years, an average of about 75 tons per year.
Since then there has been no hard evidence of additional buying . . . but my guess is that the PBOC continues to buy regularly from domestic mine production and scrap refinery output - perhaps as much as 50 to 100 tons or more per year. For its part, the PBOC not long ago said it will "seek diversification in the management of reserve assets," possibly signaling their intention to accumulate gold without actually saying so.
One day in the future we should not be surprised to see by a PBOC announcement that China's actual official gold reserves are considerably higher.
Many other central banks have also taken a much more positive view of gold in recent years. Indeed, the official sector has been a positive net buyer of gold for the past two or three years. This follows some two decades in which the official sector was a net seller of gold to the market, reflecting mostly large-scale sales by European central banks that mistakenly thought gold was in descent as a legitimate reserve asset and sold at a mere fraction of today's price.
Following many years of net annual sales in the 400-to-500 ton range, the official sector became a net buyer of gold in 2009. This is a "game changer" for the gold market. Instead of supplying hundreds of tons, year in and year out, central banks are now buying at what seems to be a net rate of 400 to 500 tons per year - representing a swing in the annual supply/demand balance of 800 to 1000 tons a year.
I don't think most market observers and participants fully appreciate just how significant this has been - and will continue to be - for the world gold market.
The list of countries that have reported gold purchases to the IMF in the past few years is itself growing with new, surprising names joining the club:
• Russia has been the most outspoken and one of biggest buyers of gold in recent years. It has an explicitly stated policy to continue making monthly purchases from domestic sources at a rate of about one hundred tons a year . . . and has more than doubled its gold reserves over the past four years.
• Kazakhstan is another gold-mining country intent on buying its own mine output in order to build up its official gold reserves. The National Bank of Kazakhstan has announced plans to purchase their nation's entire gold production during the next few years.
• India made a strong pro-gold statement, buying 200 tons directly from the International Monetary Fund at the start of the IMF 's gold-sales program a couple of years ago.
• South Korea last summer announced the purchase of 25 tons, its first purchase since 1998 when it collected and resold gold jewelry donated by patriotic citizens to help the country through a period of economic emergency.
• Saudi Arabia also bought significant quantities of gold - 180 tons, in fact but did not report these purchases until last June. It is likely that the Saudi Arabia Monetary Authority continues to buy on the sly . . . along with some of the other oil producers that, like the Saudis, are over-weighted in U.S. dollar assets and grossly underweighted in gold,
• Mexico was one of the biggest buyers in 2011, acquiring some 100 tons. As America's southern neighbor and close trading partner, this is yet another sign of the diminishing faith and trust in the U.S. currency.
• In addition to Mexico, other recent Latin American buyers include Bolivia (which recently bought seven tons following a similar purchase in December 2010), Colombia, and Venezuela (which not only bought some gold last year, but also repatriated much of its gold reserves that were previously held abroad in the Bank of England vault),
• Other names on the list of recent central-bank buyers include Thailand, Turkey, Belarus, Sri Lanka, Mauritius, and even Bangladesh.
Meanwhile, gold sales by European central banks - those that had been big sellers in the 1990s - have dwindled to practically nothing, only enough to supply their bullion and commemorative coin programs.
Keep in mind that aggregate central bank gold purchases probably exceed the official data by a wide margin.
The People's Bank of China, the Saudi Arabian Monetary Authority, and some other central banks with huge and some might say "excessive" U.S. dollar- and euro-denominated official reserve assets have an incentive to buy gold discretely and surreptitiously - simply because the announcement of their buying programs would likely boost the yellow metal's price and raise these central bank's acquisition costs.
Importantly, much of the gold bought by central banks has been bought for the long term - and will likely be held not just for a few days, weeks, months or even a few years . . . No, much of this gold will be held for decades or longer, even at much higher prices.
Central banks are now creating an upside bias to the market and are reducing the "free-float" available to meet future demand, even at much higher prices. As a consequence, we can expect less downside volatility - and a more sustainable bull market with much higher prices in the years to come.
Jeffrey Nichols is Managing Director of American Precious Metals Advisors and Senior Economic Advisor to Rosland Capital
Financial updates are now focusing on a waning global economy and the demise of gold. Some reports suggest that gold will fall below $700.00 an ounce in the short term.
While the financial reports plan for a gold holocaust, the final sentences of these clandestine traps report that gold will flourish in the longer term. The current agenda is to have small investors divest themselves of gold and then have banks, sovereign governments and institutional investors stockpile their gold reserves at lower market prices.
The global debt conundrum can only be “reset” by a commodity-backed currency. Those major commodities include gold and silver. This can be the only reasonable explanation as to why sovereign governments around the world have been purchasing gold and silver.
The financial markets are technological whores, manipulated by algorithms, sophisticated computer servers and insider trading. I’ve heard that as much as 80% of stock market trades are server based – the unsophisticated investor does not stand a chance.
My suggestion, don’t listen to what they say, watch what they do. Thank you, J. Pede
Author: Jeffrey Nichols
Posted: Wednesday , 25 Apr 2012
Central Bank gold purchases - an assessment of the impact
After yesterday's report on the latest Central Bank gold purchases, Jeffrey Nichols analyses the impact of such buying on the global gold market and its underpinning of the gold price.
A recent survey of central-bank reserve managers predicted that the most significant change in their official reserve holdings over the next 10 years will be their intentional accumulation of gold.
In fact, central-bank reserve managers are already moving in this direction, expanding their reported bullion reserves by 439.7 tons last year - the biggest annual increase in almost five decades . . . and this doesn't count significant purchases that remain unreported.
Central banks, taking advantage of depressed market prices, were again big buyers of gold this past March according to statistics just issued by the International Monetary Fund. Reported official gold holdings increased by 49.8 metric tons last month and 55.1 tons during the first quarter.
However, it is quite likely that actual central bank gold reserves rose considerably more as some countries, led by China, choose not to report or otherwise publicize their gold market activities.
Among those central banks reporting to the IMF, Mexico was perhaps last month's most notable buyer, adding some 16.8 tons this past March on top of the 98.8 tons purchased in 2011.
Turkey added some 11.5 tons to official reserves, although this results from commercial bank transfers to meet domestic reserve and collateral requirements.
Russia, a fairly regular buyer in recent years, boosted its official gold reserves by some 15.6 tons last month and the country's central bank has said it bought another ton in the first three weeks of April. Proving itself to be an astute trader, Russia's central bank was a small seller at higher prices in February.
Kazakhstan, like Russia, buying from domestic mine production, added 4.3 tons last month. In addition, a few other countries bought smaller amounts.
Readers of my NicholsOnGold reports and followers of my more frequent Twitter posts should not be surprised by the recent news of continued significant central bank gold purchases this past March. We have repeatedly suggested that official purchases were giving the market some downside protection with central banks buying on dips when their purchases would not be disruptive or particularly visible to other market participants and observers of the gold scene.
Central banks, like many private investors, view gold as a hedge against debasement and devaluation of their U.S. dollar- and euro-denominated currency reserves.
And, because it is the only financial asset with no counterparty risk, central banks hold gold as a safe haven free from confiscatory and political risk. Indeed, both Iran and Venezuela last year, as a precaution against political risk in the form of economic sanctions, repatriated some of their official reserves that were previously held in Bank of England vaults.
With total reported global official gold reserves at roughly 31,000 tons (997 million ounces) compared to annual world gold mine output at 2,810 metric tons (about 90 million ounces), relatively small percentage changes in central bank holdings can have a significant influence on the metal's price.
In the two decades through 2009, net official sales added roughly 15 to 20 percent to the supply of gold entering the market each year. One can imagine that this additional supply had a considerable negative effect on the metal's price.
Similarly, in more recent years, the effect of central banks shifting gears - becoming net buyers rather than net sellers - has had a very positive effect on the metal's price.
I believe that net official gold accumulation will not only continue but will likely expand in 2012 and for years to come. With China and Russia leading the pack, a growing number of central banks, underweighted in gold and over-weighted in dollars and euros, will join the line to buy gold.
Importantly, the official sector will continue to underpin the price - buying on corrections when significant quantities are readily available and may be purchased discretely without disrupting the market.
Fuelling the rise in official sector interest in gold is the anticipated future depreciation of the U.S. dollar in world currency markets and the continuing erosion of its status and role as the world's key official reserve asset.
And, the dollar is not the only currency suffering a loss of respect. A few weeks ago, an Asian-country central banker told me his country's recent gold purchases had been motivated mostly by a loss of confidence in the euro as a reliable reserve asset.
In recent years, China's central bank, the People's Bank of China, has probably been the most significant buyer. Three years ago - in April 2009 - the PBOC revealed it had bought some 454 tons of gold over the preceding six years, an average of about 75 tons per year.
Since then there has been no hard evidence of additional buying . . . but my guess is that the PBOC continues to buy regularly from domestic mine production and scrap refinery output - perhaps as much as 50 to 100 tons or more per year. For its part, the PBOC not long ago said it will "seek diversification in the management of reserve assets," possibly signaling their intention to accumulate gold without actually saying so.
One day in the future we should not be surprised to see by a PBOC announcement that China's actual official gold reserves are considerably higher.
Many other central banks have also taken a much more positive view of gold in recent years. Indeed, the official sector has been a positive net buyer of gold for the past two or three years. This follows some two decades in which the official sector was a net seller of gold to the market, reflecting mostly large-scale sales by European central banks that mistakenly thought gold was in descent as a legitimate reserve asset and sold at a mere fraction of today's price.
Following many years of net annual sales in the 400-to-500 ton range, the official sector became a net buyer of gold in 2009. This is a "game changer" for the gold market. Instead of supplying hundreds of tons, year in and year out, central banks are now buying at what seems to be a net rate of 400 to 500 tons per year - representing a swing in the annual supply/demand balance of 800 to 1000 tons a year.
I don't think most market observers and participants fully appreciate just how significant this has been - and will continue to be - for the world gold market.
The list of countries that have reported gold purchases to the IMF in the past few years is itself growing with new, surprising names joining the club:
• Russia has been the most outspoken and one of biggest buyers of gold in recent years. It has an explicitly stated policy to continue making monthly purchases from domestic sources at a rate of about one hundred tons a year . . . and has more than doubled its gold reserves over the past four years.
• Kazakhstan is another gold-mining country intent on buying its own mine output in order to build up its official gold reserves. The National Bank of Kazakhstan has announced plans to purchase their nation's entire gold production during the next few years.
• India made a strong pro-gold statement, buying 200 tons directly from the International Monetary Fund at the start of the IMF 's gold-sales program a couple of years ago.
• South Korea last summer announced the purchase of 25 tons, its first purchase since 1998 when it collected and resold gold jewelry donated by patriotic citizens to help the country through a period of economic emergency.
• Saudi Arabia also bought significant quantities of gold - 180 tons, in fact but did not report these purchases until last June. It is likely that the Saudi Arabia Monetary Authority continues to buy on the sly . . . along with some of the other oil producers that, like the Saudis, are over-weighted in U.S. dollar assets and grossly underweighted in gold,
• Mexico was one of the biggest buyers in 2011, acquiring some 100 tons. As America's southern neighbor and close trading partner, this is yet another sign of the diminishing faith and trust in the U.S. currency.
• In addition to Mexico, other recent Latin American buyers include Bolivia (which recently bought seven tons following a similar purchase in December 2010), Colombia, and Venezuela (which not only bought some gold last year, but also repatriated much of its gold reserves that were previously held abroad in the Bank of England vault),
• Other names on the list of recent central-bank buyers include Thailand, Turkey, Belarus, Sri Lanka, Mauritius, and even Bangladesh.
Meanwhile, gold sales by European central banks - those that had been big sellers in the 1990s - have dwindled to practically nothing, only enough to supply their bullion and commemorative coin programs.
Keep in mind that aggregate central bank gold purchases probably exceed the official data by a wide margin.
The People's Bank of China, the Saudi Arabian Monetary Authority, and some other central banks with huge and some might say "excessive" U.S. dollar- and euro-denominated official reserve assets have an incentive to buy gold discretely and surreptitiously - simply because the announcement of their buying programs would likely boost the yellow metal's price and raise these central bank's acquisition costs.
Importantly, much of the gold bought by central banks has been bought for the long term - and will likely be held not just for a few days, weeks, months or even a few years . . . No, much of this gold will be held for decades or longer, even at much higher prices.
Central banks are now creating an upside bias to the market and are reducing the "free-float" available to meet future demand, even at much higher prices. As a consequence, we can expect less downside volatility - and a more sustainable bull market with much higher prices in the years to come.
Jeffrey Nichols is Managing Director of American Precious Metals Advisors and Senior Economic Advisor to Rosland Capital
Thursday, June 28, 2012
A Barrel of Oil
A Barrel of Oil
Every 42-US-gallon (159 litre) barrel of crude provides a little more than 44 gallons of petroleum products. This is gained due to processing of crude. From one barrel we get (in gallons):
.7.27 gallons (27.5 liters): Other products (feed-stocks for petrochemical plants, asphalt, bitumen, tar, fertilizers for agriculture, plastic toys and gadgets (bags, computer cases, bubble gum, car tires, perfumes, petroleum jelly, ammonia, washing liquids, etc.)
•1.72 gallons (6.5 liters): Liquefied Petroleum Gases (LPG)
•3.82 gallons (14.5 liters): Jet Fuel (kerosene)
•1.76 gallons (6.6 liters): Heavy Fuel Oil (Residual)
•1.75 gallons (6.6 liters): Other Distillates (Heating Oil)
•9.21 gallons (35 liters): Diesel
•19.15 gallons (72.5 liters): Gasoline
Current barrel price of oil is $80.00 x 19.15/42 = $36.47 (this represents the barrel cost for gasoline only)
Therefore, $36.47 / 72.5 = $0.503 (this is litre cost of gasoline)
Federal and Provincial Excise tax plus HST on the Excise Taxes total approximately $0.279 per litre in Ontario. This is a general average for most provinces except B.C., where taxes approximate $0.41 per litre.
Therefore, adding 50.3 + 27.9 provides a litre price of $0.782. At the retail litre price of $1.20 the gross profit margin equals 41.8 cents per litre or 35%. This might seem reasonable, but gasoline represents only 45.6% of the barrel price. It’s no wonder the oil companies are making billions of dollars and Elizabeth and Beatrix are banking much of it.
Take a look at the corporate profits:
http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_losses
Thank you,
Joseph Pede
Every 42-US-gallon (159 litre) barrel of crude provides a little more than 44 gallons of petroleum products. This is gained due to processing of crude. From one barrel we get (in gallons):
.7.27 gallons (27.5 liters): Other products (feed-stocks for petrochemical plants, asphalt, bitumen, tar, fertilizers for agriculture, plastic toys and gadgets (bags, computer cases, bubble gum, car tires, perfumes, petroleum jelly, ammonia, washing liquids, etc.)
•1.72 gallons (6.5 liters): Liquefied Petroleum Gases (LPG)
•3.82 gallons (14.5 liters): Jet Fuel (kerosene)
•1.76 gallons (6.6 liters): Heavy Fuel Oil (Residual)
•1.75 gallons (6.6 liters): Other Distillates (Heating Oil)
•9.21 gallons (35 liters): Diesel
•19.15 gallons (72.5 liters): Gasoline
Current barrel price of oil is $80.00 x 19.15/42 = $36.47 (this represents the barrel cost for gasoline only)
Therefore, $36.47 / 72.5 = $0.503 (this is litre cost of gasoline)
Federal and Provincial Excise tax plus HST on the Excise Taxes total approximately $0.279 per litre in Ontario. This is a general average for most provinces except B.C., where taxes approximate $0.41 per litre.
Therefore, adding 50.3 + 27.9 provides a litre price of $0.782. At the retail litre price of $1.20 the gross profit margin equals 41.8 cents per litre or 35%. This might seem reasonable, but gasoline represents only 45.6% of the barrel price. It’s no wonder the oil companies are making billions of dollars and Elizabeth and Beatrix are banking much of it.
Take a look at the corporate profits:
http://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_losses
Thank you,
Joseph Pede
Mama Mia, Che Bella Cosa!
Mama Mia, Che Bella Cosa!
Which super-Mario won the day? You get three chances:
1. Mario Monti versus Angela Merkel (0-0)
2. Mario Draghi versus the EURO (0-0)
3. Mario Balotelli versus the German soccer team. (2-1)
Then we have President Putin. This guy is amazingly stealth and the most important political leader in the world today. Let’s see what he told Simon Peres on his recent visit to Israel:
Russian President Vladimir Putin has said that Israel will regret it if it launches a military strike on Iran. Putin made the remarks during a meeting with Israeli President Shimon Peres in Beit-ul-Moqaddas (Jerusalem) on Monday. During the meeting, Putin urged Israel to learn from negative U.S. experience in Afghanistan and Iraq, Ynetnews reported.
“Look at what happened to the Americans in Afghanistan and in Iraq. I told (U.S. President Barack) Obama the same thing,” Putin stated. He added, “There is no need to do things too quickly; one should not act without thinking first.”
“Iraq has a pro-Iranian regime after everything that has happened there. These things should be thought out ahead of time before doing something one will regret later,” the Russian president stated. Israeli Prime Minister Benjamin Netanyahu said earlier on Monday following his meeting with Putin, “I believe that we should be doing two things now: Boosting the sanctions (on Iran) and also boosting the demands.” The Russian president said that the two leaders “spoke in detail about the Syria issue and about the Iranian nuclear program.”
If we can just rid the United States Congress of the Zionist infestation then Israel need not play war games with itself. Israel categorizes itself to be the victim, yet it is really the catalyst for global chaos. Putin understands this full well.
Next, we have gas prices at an all-time high. The barrel price of oil is approximately $79.00, yet the litre price of gasoline in Toronto is over $1.20. We can certainly ask our government leaders to provide a reasonable explanation, but they have none. Our leader reports to an abstract authority who prides herself in wearing nice hats, making sure that people curtsy and that her husband continues to acquire more honour-filled names. Now she is glorifying her son in the same fashion. The problem is that the concubines of Satan, Elizabeth and Beatrix, have an insatiable urge for money. They both have an insatiable urge for blood as well. Perhaps, if an Oliver Cromwell does exist, he can repay them for the murders of Gaddafi, Mubarak, Hussein and the other countless victims of genocide.
No-one has considered the one solution for the EURO that will work. De-throne all the kings and queens and take back our money. They stole it. The Code of Hammurabi is in play. At least it’s a fair principle. It intends to punish a crime for a crime, not punish someone because they have been made to be criminals. Mr. Draghi, the global wealth sits in the coffers of European and Asian aristocracy. Ready the armies and take our money back. You won’t have to worry about bailouts anymore.
By the way, the Globalists must really be pissed off. Nationalism is riding high with the success of the EUFA games. The Globalists want to get rid of flags, languages, rights, borders and money. They want us to join the ranks of the Roma (for those unfamiliar, that is the proper identification for whom we commoners refer to as Gypsies).
Thank you e Forza Italia,
Joseph Pede
Which super-Mario won the day? You get three chances:
1. Mario Monti versus Angela Merkel (0-0)
2. Mario Draghi versus the EURO (0-0)
3. Mario Balotelli versus the German soccer team. (2-1)
Then we have President Putin. This guy is amazingly stealth and the most important political leader in the world today. Let’s see what he told Simon Peres on his recent visit to Israel:
Russian President Vladimir Putin has said that Israel will regret it if it launches a military strike on Iran. Putin made the remarks during a meeting with Israeli President Shimon Peres in Beit-ul-Moqaddas (Jerusalem) on Monday. During the meeting, Putin urged Israel to learn from negative U.S. experience in Afghanistan and Iraq, Ynetnews reported.
“Look at what happened to the Americans in Afghanistan and in Iraq. I told (U.S. President Barack) Obama the same thing,” Putin stated. He added, “There is no need to do things too quickly; one should not act without thinking first.”
“Iraq has a pro-Iranian regime after everything that has happened there. These things should be thought out ahead of time before doing something one will regret later,” the Russian president stated. Israeli Prime Minister Benjamin Netanyahu said earlier on Monday following his meeting with Putin, “I believe that we should be doing two things now: Boosting the sanctions (on Iran) and also boosting the demands.” The Russian president said that the two leaders “spoke in detail about the Syria issue and about the Iranian nuclear program.”
If we can just rid the United States Congress of the Zionist infestation then Israel need not play war games with itself. Israel categorizes itself to be the victim, yet it is really the catalyst for global chaos. Putin understands this full well.
Next, we have gas prices at an all-time high. The barrel price of oil is approximately $79.00, yet the litre price of gasoline in Toronto is over $1.20. We can certainly ask our government leaders to provide a reasonable explanation, but they have none. Our leader reports to an abstract authority who prides herself in wearing nice hats, making sure that people curtsy and that her husband continues to acquire more honour-filled names. Now she is glorifying her son in the same fashion. The problem is that the concubines of Satan, Elizabeth and Beatrix, have an insatiable urge for money. They both have an insatiable urge for blood as well. Perhaps, if an Oliver Cromwell does exist, he can repay them for the murders of Gaddafi, Mubarak, Hussein and the other countless victims of genocide.
No-one has considered the one solution for the EURO that will work. De-throne all the kings and queens and take back our money. They stole it. The Code of Hammurabi is in play. At least it’s a fair principle. It intends to punish a crime for a crime, not punish someone because they have been made to be criminals. Mr. Draghi, the global wealth sits in the coffers of European and Asian aristocracy. Ready the armies and take our money back. You won’t have to worry about bailouts anymore.
By the way, the Globalists must really be pissed off. Nationalism is riding high with the success of the EUFA games. The Globalists want to get rid of flags, languages, rights, borders and money. They want us to join the ranks of the Roma (for those unfamiliar, that is the proper identification for whom we commoners refer to as Gypsies).
Thank you e Forza Italia,
Joseph Pede
Wednesday, June 27, 2012
It's Time to Curtsy!
It’s Time to Curtsy!
While ordinary citizens around the world try and cope with the political tyranny and the economic doom, queen Elizabeth is busy preparing a “curtsy protocol”. Yes, this fraudulent and detached institution, which should be abolished, is preparing for the future – a future where the fascio-monarchists want you and me to return to our roots. Do you remember the movie “Roots”?
The public should be responding by giving these aristocratic heathens a taste of their own medicine. Lock them up and throw away the key. Perhaps they can learn to pick cotton. If the queen eats, poops and wipes she is just one of the boys.
Please take a moment to read the article posted on the following website:
http://www.globalpost.com/dispatches/globalpost-blogs/weird-wide-web/kate-middleton-royal-london-england-uk-princess-beatrice-duchess-cambridge-william
Thank you,
Joseph Pede
While ordinary citizens around the world try and cope with the political tyranny and the economic doom, queen Elizabeth is busy preparing a “curtsy protocol”. Yes, this fraudulent and detached institution, which should be abolished, is preparing for the future – a future where the fascio-monarchists want you and me to return to our roots. Do you remember the movie “Roots”?
The public should be responding by giving these aristocratic heathens a taste of their own medicine. Lock them up and throw away the key. Perhaps they can learn to pick cotton. If the queen eats, poops and wipes she is just one of the boys.
Please take a moment to read the article posted on the following website:
http://www.globalpost.com/dispatches/globalpost-blogs/weird-wide-web/kate-middleton-royal-london-england-uk-princess-beatrice-duchess-cambridge-william
Thank you,
Joseph Pede
Tuesday, June 26, 2012
The Turtle
The Turtle
The turtle is the Native Indian symbol for Mother Earth
Aliens designed the shelled creature at the time of our birth
They mirror the image of the space traveler’s craft
The turtle the ancient clue, in place of a written interventionist draft
These friendly creatures come in all sizes and colorful hues
They the first sages, not the unlikely Jews
They have learned to walk slowly with the passage of time
Knowing more than most that Man has lost all their reason and rhyme
Look to the ocean as their creators will soon appear
Mankind will then be ready to walk their newest and final frontier.
Thank you,
Joseph Pede
The turtle is the Native Indian symbol for Mother Earth
Aliens designed the shelled creature at the time of our birth
They mirror the image of the space traveler’s craft
The turtle the ancient clue, in place of a written interventionist draft
These friendly creatures come in all sizes and colorful hues
They the first sages, not the unlikely Jews
They have learned to walk slowly with the passage of time
Knowing more than most that Man has lost all their reason and rhyme
Look to the ocean as their creators will soon appear
Mankind will then be ready to walk their newest and final frontier.
Thank you,
Joseph Pede
The Pimple
The Pimple
My friend Victor asked that I write a poem about a pimple
A grotesque fatty bump hibernating amid a big hairy dimple
It's fun queezing the deformity until the pus pops like a weasel
Oops, the crud looks like the pandemic humourously named measle
How many pimples grow each and every day
How many survive to experience a truly natural decay
How many pop because of pressure and vanity
How many in fact resemble the fate of all humanity
So be cautious of what you ingest each and every day
Too much fat can the brain’s reasoning quickly decay
Dermatologists have substituted acne cream with deadly a virus
The Globalist puppets listen well to the protocols of Osiris
Thank you,
Joseph Pede
My friend Victor asked that I write a poem about a pimple
A grotesque fatty bump hibernating amid a big hairy dimple
It's fun queezing the deformity until the pus pops like a weasel
Oops, the crud looks like the pandemic humourously named measle
How many pimples grow each and every day
How many survive to experience a truly natural decay
How many pop because of pressure and vanity
How many in fact resemble the fate of all humanity
So be cautious of what you ingest each and every day
Too much fat can the brain’s reasoning quickly decay
Dermatologists have substituted acne cream with deadly a virus
The Globalist puppets listen well to the protocols of Osiris
Thank you,
Joseph Pede
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