Have you noticed that there are more and more "natural disasters" lately? Eartquake in China yesterday too?
Are the Earthquake's a natural disaster, or is it man made to deter the real issue.
Reports have stated that there have been over 50 quakes ongoing over the past 12 hours in Japan alone at a magnitude over 5.0
What do you think... See article below which mentions HAARP:
A huge 8.9 Richter scale earthquake rocked Tokyo today resulting in a giant tsunami causing incredible amounts of damage, injuries and deaths. My first reaction was to check the University of Tokyo's HAARP induction magnetometer to see if HAARP was fired up around the time of the quake. Sure enough, following a week of electromagnetic silence, HAARP was turned on at approximately 0:00 hours 9 March, 2011 UTC and has been going strong since. Here is the data for the last 36 hours:
Earthquake induced frequency at 2.5Hz.
For the past week prior to the quake, HAARP has been turned off with the induction magnetometer looking something like this everyday:
Next I started searching the net for other evidence linking HAARP to Japan and found these videos from 2009 and 2010 where HAARP or some similar weather modification device is clearly being used over Japan skies:
Lastly I found an interesting article regarding the 2007 Niigata, Japan earthquake called "Western Bankers Threatened Japan with HAARP Eco-Destruction a Year Before China Quakes." Before the Niigata earthquake, just as before the China and Chile quakes, strange aurora-like lights were seen in the sky, lights that HAARP experts have confirmed are caused by electromagnetic disturbance coming down from the ionosphere:
There certainly has been a huge spike in devastating earthquakes striking close to capital cities the past several years. What does everyone else think about this?
China is panicking.
Rampant inflation is driving Chinese consumers to buy gold on a massive scale...
In fact China is already set to buy almost half of all the gold that'll be mined this year.
You read that right: The Chinese may buy nearly 50% of total world gold production in 2011.
This incredible demand will no doubt put significant strain on global supplies.
Today I want to talk about how this soaring demand may be the catalyst that pushes gold prices over the $1,500 level in as little as a few weeks.
Over 1.3 billion inflation-nervous Chinese eye gold
In January 2010, China recorded an inflation rate of 1.5%. But just 12 months later, the rate of Chinese inflation has climbed to 4.9%.
Rising inflation has sent food and property prices in China skyrocketing.
The price of food in China, for instance, has increased 10.3% on an annual basis; grain saw an increase of 15.1% and fruit is up 34.8% since January of last year:
China's rising inflation stems from the $585 billion economic stimulus package its leaders pushed through in the depths of the financial crisis two years ago.
In dollar terms, China's stimulus was much smaller than the $800 billion package the U.S. created. But it was much larger as a percentage of the nation's GDP...
And now, all of that money sloshing around the Chinese economy has driven inflation rates to nearly 5%.
The Chinese government has already made some big moves to keep domestic inflation from spiraling out of control:
- raising interest rates multiple times;
- toughening price-fixing rules;
- tightening lending requirements and raising the minimum down payment people need to buy a home.
So far, none of these measures have managed to curb inflation. Fears of uncontrollable inflation — even hyperinflation — are quickly circulating throughout the Chinese economy.
This has prompted a rapidly growing number of China’s 1.3 billion citizens to start devouring gold as wealth protection.
Panic in the East
According to the gold-specializing Swiss Bank UBS, Chinese gold demand exceeded 7.05 million ounces in the first two months of 2011 alone.
This incredible demand is equal to roughly 47% of all the gold produced during the same two months!
The Chinese are buying nearly half of all the gold that is being produced worldwide.
Extrapolated over the full year, Chinese consumers could be in line to buy over 42.3 million ounces of gold just this year.
Let me put that into perspective for you. That's more gold than is being officially stored as reserves by China's Central Bank...
The Financial Times recently quoted a senior executive at the Industrial and Commercial Bank of China ICBC, who spoke of the “voracious” appetite for gold in China...
China's largest bank by market capitalization started a physically-backed gold savings accounts in December with the World Gold Council. Account openings have already surpassed 1 million, with more than 12 tonnes of gold already stored on behalf of investors.
Zhou Ming, deputy head of ICBC's precious metals department, said the nation's largest bank sold nearly 250,000 ounces of physical gold in January — the equivalent of 50% of all the bullion ICBC sold last year.
Zhou also said there was heavy demand for silver, with ICBC selling about 13 tonnes of physical silver in January alone, compared with 33 tonnes in the whole of 2010.
The demand for gold in China is exploding before our eyes. It seems that demand by individuals is reaching almost frightening levels.
And none of this includes what the country's Central Bank may be squirreling away...
We know that China has been buying on gold price dips. Various officials have confirmed this in the past, although we have no idea of the volumes involved.
The People’s Bank of China is almost certainly continuing to diversify their massive $3 trillion currency reserve into gold and precious metals in order to protect themselves from their large exposure to the weakening U.S. dollar.
We also know that China has been accumulating gold surreptitiously through buying up domestic production.
This suggests that increasing gold production was part of a long-term strategic plan to become a global leader in gold investments among governments.
The World Gold Council even reported:
Some market participants believe that China may also be continuing to buy local mine production, which it has done regularly in the past. There is certainly no shortage of experts, both domestic and from overseas, advising China to do so.
The World Gold Council estimates China’s gold demand could double in 10 years as more investors embrace precious metals.
But even in the short term, the expected demand for gold in China over the coming month will be enough to put significant strain on global supplies.
I expect this heavy demand to help push precious metal prices to record highs in 2011.
Prices of $1,500 an ounce for gold and $40 an ounce for silver remain viable short-term targets.
Any price dip should be seen as a buying opportunity.
China Produced $35 Billion in Gold in 2010
According to China's Ministry of Industry and Information Technology, gross output from domestic production increased 67% to 230 billion yuan ($35 billion) in 2010.
Of this, China's gold industry realized 5 billion yuan ($3.8 billion) in profit — 78% more than in the previous year.
China's gold mines produced 9.9 million ounces of gold in 2010 — an increase of 7% over 2009. Meanwhile, total domestic gold output grew 9% to 12.0 million ounces.