Fascists swooped in and deleted content of "War On Democracy Blog". Won't be long now till we are all on the way to the camps.
Gold closed down $5.20 to $1386.80 (comex closing time). Silver fell by 1 cent to $22.48 (comex closing time) In the access market at 5:30 pm, gold and silver finished trading at the following prices : gold: 1386.30 silver: $22.39 Friday is generally a day that the bankers try and subdue to the price of gold and silver and they did not disappoint us with their criminal behaviour. Please remember that options expire Tuesday and first day notice for both the gold and silver contracts will be this coming Friday, the 31st of May. At the Comex, the open interest in silver rose by 31 contracts to 147,342 contracts with silver's rise in price yesterday by 3 cents. The silver OI is holding firm at elevated levels . The open interest on the gold contract fell by 5,818 contracts to 445,517. The gold deliveries for May rose a bit today to 9.48 tonnes and this is an off month for gold. The number of silver ounces, standing for delivery in May remained constant at 17.210 million oz. ( On first day notice: 14.860 million oz.) Again, at the Comex, gold is departing as investors are frightened to death of a confiscation similar to what happened at MFGlobal or Refco. Tonight, the Comex registered or dealer gold remains at 1.641 million oz or 51.04 tonnes. The total of all gold at the comex rose slightly but still well below the 8 million oz at 7.993 million oz or 248.6 tonnes of gold. The GLD reported another loss in gold inventory of 2.41 tonnes. The SLV inventory of silver remained constant. Today we have a great commentary from Bill Holter as he tackles flash trading. You do not want to miss this very important commentary. In physical commentaries, we have a story on Barrick gold which was fined 16 million dollars..the maximum fine in Chile for environmental issues on its Pascua Lama project. The Argentinian side also state that there are issues with the many glaciers. It looks like this mine will be delayed again going into production. We have reports on increase demand for Chinese jewellery re gold. Egon Von Greyerz provided more stories on Swiss allocated gold holders who were refused entry to see their gold. On the paper side of things: Japan stabilized Thursday night but not before the yen increased in value sending holders of the Yen carry trade in a tizzy. The high volatility in the Japanese bond yields are causing massive derivative blowups at the Japanese banks. Also remember that the higher yields causes tier 1 asset to deteriorate which forces the banks to call in massive loans. Japan is one big mess!! In Europe we had problems in Spain where banking officials stated that they now need an additional 10 billion euros. The shares of Bankia plummeted by 51% as they came to realize that there is no sovereign guarantee. Already 133 billion euros have been pumped into the Spanish banks all guaranteed by the sovereign and also remember that none of these loans has been included in sovereign Spain's total debt to GDP figures. They view this as a contingency liability and thus the authorities over there do not include it in official figures. Over in Italy we are now witnessing a big increase in their non performing loans. This has caused yields in the 10 yr Italy bonds (as well as Spain) to increase (lower prices). The NPL's of course create additional havoc to our bankers balance sheets. Friday afternoon, we witnessed a surprise Bloomberg article suggesting that the Europe was ready to abandon the shadow banking industry. The shadow banking industry is huge and if you outlaw this practice, you suck the entire oxygen from the financial world. The world would immediately go into hyper-deflation as the entire world would stop functioning. Then why would these guys announce this? Something sinister is rearing its ugly head. http://harveyorgan.blogspot.ca/2013/05/gld-lowers-inventory-againcomex.html
Fascism ( /'fæ??z?m/) is a form of radical authoritarian nationalism. Fascists seek to unify their nation based upon suprapersonal connections of ancestry and culture through a totalitarian state that seeks the mass mobilization of the national community through discipline, indoctrination, physical training, economic corporatism  and eugenics. Fascism utilizes a vanguard party to initiate a revolution to organize the nation upon fascist principles. The fascist party and state is led by a supreme leader who exercises a dictatorship over the party, the government and other state institutions. Fascism views direct action including political violence and war, as a means to achieve national rejuvenation, spirit and vitality.
Fascism recognizes the existence of class conflict in societies, and advocates a resolution to end the division of classes and secure national solidarity. However fascism publicly favours proletarian culture, and claims that cultural nationalization of society emancipates the nation's proletariat, and promotes the assimilation of all classes into a proletarian nation.
Fascism advocates a state-controlled and regulated mixed economy; the principal economic goal of fascism is to achieve autarky to secure national self-sufficiency and independence, through protectionist and interventionist economic policies. It promotes regulated private enterprise and private property contingent whenever beneficial to the nation and state enterprise and state property whenever necessary to protect its interests.
Fascism was founded during World War I by Italian national syndicalists who combined left-wing and right-wing political views. Fascists have commonly opposed having a firm association with any section of the left-right spectrum, considering it inadequate to describe their beliefs, though fascism's goal to promote the rule of people deemed innately superior while seeking to purge society of people deemed innately inferior is identified as a prominent far-right theme. Fascism opposes multiple ideologies, such as: communism, conservatism, and liberalism.