We will have a mirror site at http://nunezreport.wordpress.com in case we are censored, Please save the link

Tuesday, August 4, 2015

Earth's most powerful storm of the year roars across Pacific


Image result for Soudelor

Food, water, cots, generators, and other federal emergency supplies were being rushed Tuesday from Hawaii and Guam to help Saipan after the Earth's most powerful storm of 2015 — Super Typhoon Soudelor — blasted through the tiny U.S. island in the Western Pacific.

The storm continued its violent march through the Pacific Ocean with sustained winds of more than 160 mph and gusts approaching 200 mph — the equivalent of a Category 5 hurricane, the Joint Typhoon Warning Center said Tuesday. The typhoon was taking aim at Taiwan and China, though it is expected to weaken to a Category 3 or 4 storm by then, the center said.

"There is growing concern that Taiwan and the southern Ryukyu Islands will have to contend with Soudelor as early as Thursday night or Friday with impacts lasting into early next week across eastern China," said AccuWeather meteorologist Eric Leister.



The storm slammed into Saipan, one of the Northern Mariana Islands, a 48,000-population U.S. commonwealth, Sunday and Monday. It flooded the island’s power plant, ripped off roofs and toppled power poles, the Pacific Daily News in Guam reported. Hundreds of Saipan residents are in shelters. Some roads remain impassable, and power and water service are out.

Credi to USA Today

An Obama Executive Order Legalizes Slave Labor In America



Your go to source on the New World Order.
Exhibiting more credibility than Snopes.
Snopes, the official debunker for the New World Order.
Snopes, the official debunker for the New World Order.
Following yesterday’s article dealing with how Obama is positioning to control all food through nationalizing the resource, the trolls have been out in force. And are they ever getting desperate! The globalist minions, known in part as the Obama administration, do not want the public reading about the NDAA, Executive Order 13603 (EO) and the CIA’s funding of ISIS. As Snopes has wrongly stated, there is nothing to worry about with regard to EO 13603 and it represents nothing new. Snopes? Really? Why don’t the believers of the fiction known as Snopes just cite The Wiggles instead? They would have more credibility when it comes to reporting on the actions and stated intentions of globalists.

Lying In the Bushes

Obama’s EO 13603 has been lying dormant for nearly three years. Some have said that if Obama was going to act on his EO, why would he have not done it by now? The answer is so painfully obvious, Obama did not have the support he needed to act against the very people that he is Constitutionally sworn to protect. Are we really supposed to believe that Obama would codify, through administrative fiat, on his own volition, the governmental blueprint to seize every asset in the country, including you, if he was not going to use this self-appointed authority at some point in time? Perhaps he is simply laying the groundwork for the coming dark days of a Hillary Presidency or whomever will be the next globalist minion President.
The fact remains that during the tenure of Obama, the NDAA was passed which can snatch you off of the street with no due process. So, when we consider the context of EO 13603, we should all be nervous.

Obama Is Re-Introducing Slavery to America

According to EO 13603, the President, or the head of any federal agency that he shall designate, can conscript “persons of outstanding experience and ability without compensation,” in both “peacetime and times of national emergency.”  I can hear the Obama supporters now as they will write to me and say, “Obama would never do that, you are drinking from the Kool-Aid, and just go read Snopes, everything will be OK”.  Well, here it is, you can read it for yourself.
Sec. 502.  Consultants.  The head of each agency otherwise delegated functions under this order is delegated the authority of the President under sections 710(b) and (c) of the Act, 50 U.S.C. App. 2160(b), (c), to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations.  The authority delegated by this section may not be redelegated.
This means that Obama, and his fellow communists, can seize any resource, property, or person at any time for any reason, including being able to force that person to perform assigned labor without being paid.
There is only ONE word for forced, “uncompensated employment”. That would is slavery. Congratulations President Obama, you have effectively repealed the 13th Amendment to the Constitution.
Section 601 of the act specifies, in part, how far the government can go in terms of making you their slave.
Sec. 601Secretary of Labor. (a) The Secretary of Labor, in coordination
with the Secretary of Defense and the heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:
(1) collect and maintain data necessary to make a continuing appraisal of the Nation’s workforce needs for purposes of national defense;
(2) upon request by the Director of Selective Service, and in coordination with the Secretary of Defense, assist the Director of Selective Service in development of policies regulating the induction and deferment of persons for duty in the armed services;
(3) upon request from the head of an agency with authority under this order, consult with that agency with respect to: (i) the effect of contemplated actions on labor demand and utilization; (ii) the relation of labor demand to materials and facilities requirements; and (iii) such other matters as will assist in making the exercise of priority and allocations functions consistent with effective utilization and distribution of labor;
(4) upon request from the head of an agency with authority under this order: (i) formulate plans, programs, and policies for meeting the labor requirements of actions to be taken for national defense purposes; and
(ii) estimate training needs to help address national defense requirements and promote necessary and appropriate training programs
If the above section was merely going to be a military draft, then the Secretary of Labor would not have to be involved. However, as you will note the “Secretary of Labor, in coordination with the Secretary of Defense and heads of other agencies, as deemed appropriate by the Secretary of Labor, shall… assist in the development of policies regulating the induction and deferment of persons for duty in the armed services;… formulate plans, programs, and policies for meeting the labor requirements of actions to be taken for national defense purposes; and (ii) estimate training
Work has been considered by some to be kind of a home away from proposition.
Work has been considered by some to be kind of a home away from home proposition.
needs to help address national defense requirements and promote necessary and appropriate training programs…”.  Refer back to section 502 of sections 710(b) and (c) of the Act, 50 U.S.C. App. 2160(b), (c);  these are the people that the Secretary of the Labor will conscript in order “to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations”.
This, my fellow Americans, is a civilian conscription and this is why the Secretary of Labor is in charge instead of the head of the Selective Service! Under these provisions, the government believes that they can send you anywhere, to work on anything of their choosing.

How Will DHS Conduct Mass Roundups of American Citizens?

Thanks to the NDAA and EO 13603, there are now three distinct ways to conduct mass roundups of citizens and place them in detention camps.

Use of the Children As Bait to Lure In the Parents

Where will they take the children? Will you get them back and when? Or, will they be used as bait?
Where will they take the children? Will you get them back and when? Or, will they be used as bait?
Operation Mountain Guardian was a disaster drill and a Continuity of Government exercise, not to be confused with a Continuity of America drill.
Operation Mountain Guardian was a disaster drill and a Continuity of Government exercise, not to be confused with a Continuity of America drill.
In September of 2011, DHS and FEMA forcibly removed children from elementary schools, without properly notifying their parents, (i.eOperation Mountain Guardian) and transported them to an NFL stadium. In Denver, in a massive 2011 drill,DHS went so far as to hire “mock” parents to beg officials at the stadium to release their children in an effort to desensitize the guards to future parents pleas. It was obvious to most of us that children would be used to pull in their parents to a detention facility.
Aaron Dykes, then reporting for Infowars covered Operation Mountain Guardian in some depth and he even interviewed one of the actresses hired to play a distress parent trying to get their child back from the DHS abduction of Denver children that had taken place that September day in 2011. That video can viewed by visiting this article.
Once the parents show up to claim their children, they can be easily inventoried to see if they meet the requirements for “people with outstanding abilities…that will work as consultant (i.e. unpaid slave labor). This same drill was repeated at Giants Stadium in New York shortly following the Denver drill.

Use of the Hessians to Mass Arrest Americans

As I have alluded to before, it is likely that many Americans, in a time of martial law, will be forcibly removed from their homes, or snatched off the street without due process, through the NDAA, which was recently renewed by Congress.
I have painstakingly detailed, with the publication of eyewitness accounts (e.g. Dr. Susan Helman describing her experiences with Russians in Gatlinburg, TN. on my radio show and in print), I have previously cited bilateral agreements between DHS/FEMA and Russian troops to train for a “disaster” on American soil (i.e. false flag attack and martial law), the participation of Russians and Chinese in Grid EX II and the Russian and Chinese future participation in the highly secure RIMPAC War Games,  through emails, videos and pictures the presence of foreign troops from reporters such as Sherrie Wilcox, I have presented firsthand accounts of ex-CIA agents like the late Bill Pawelec, former NSA operative, Vance Davis and the late NSA agent AC Griffith, related to the same topic, on my radio show and still there are those who will bury their heads in the sand and pretend that none of the evidence exists. To those people, who still doubt the presence of foreign troops on American soil, I would ask that you read the articles on my website dating back to its inception in September of 2012. One estimate places the number of articles in which I have cited and documented the presence of foreign troops on American soil at 27 times in a period of 24 months. Spend some time utilizing the search engine of The Common Sense Show investigating the veracity of these claims.
I do realize that some people could be carried out of their house by the Russians, Chinese and Canadians soldiers and they and Snopes still would deny their existence. Of course these same people would deny the same happening to Americans of Japanese extraction in 1942 by our own government.
The foreign troops are here and are training, along with a well-armed Jade Helm forces as well. Whether it is Jade Helm 15 or Jade Helm 18, some drill of this type will be used execute the incarceration of American citizens for slave labor purposes. 
Jade Helm is about putting the nation under the control of the globalists and the extraction of "resources" as needed.
Jade Helm is about putting the nation under the control of the globalists and the extraction of “resources” as needed.
In these first two scenarios, the “authorities” will likely assess each person’s threat, or value, to the state and act accordingly because each and every martial law occupation force will seek to quickly remove any opposition and take over the over the resources (i.e. human capital). Certainly, one way that the occupation forces will get Americans to come to the camps will be to forcibly take them there.
However, even with the use of Chinese, Russian, Canadian troops, et al., which will be brought in to roundup and subjugate Americans, there will not be enough troops to effectively garrison a country with 300 million handguns. Conventional wisdom states that it takes about one soldier for every 50 citizens to effectively garrison a country. However, when you mix in 300 million handguns in civilian hands, the number of occupation troops that will be needed will rise exponentially. Therefore, the occupation troops will need assistance in getting Americans to willingly report to the camps (e.g. sports facilities, schools, large churches and malls). And that assistance will likely come in the form of food and that was reported on in yesterday’s article.

Conclusion

If you are not repulsed and greatly angered by EO 13603, then you might have been absent the day that your high school covered the Constitution. To the minions who are forsaking their Constitutional oath to protect and defend America from all enemies both foreign and domestic, you may wish look in a history book and discover the fate of the Brown Shirts which brought Hitler to power.
Credit to Common Sense

Five Consequences of America's Moral Collapse


Image result for Five Consequences of America's Moral Collapse


Americans have become so “non-judgmental” that many people can no longer tell the difference between good and evil. We congratulate ourselves for being “nicer,” more sensitive and less prejudiced than past generations of Americans, but we don’t stop to consider how much more there is to morality than that. An America that isn’t full of good people won’t remain a good nation, nor will it remain strong and free over the long haul. Our country’s lack of morality has real consequences that are capable of eventually sinking us as a nation.

1) The Collapse Of Marriage: There used to be quite a bit of social stigma attached to getting a divorce or having a child out of wedlock. That’s no longer true and consequences for society have been horrific.

Although there is some dispute about the numbers, roughly 40% of marriages now end in divorce and “half of all children born to women under 30 in America now are illegitimate. Three in 10 white children are born out of wedlock, as are 53 percent of Hispanic babies and 73 percent of black babies.”

That’s important because children raised without a mother AND a father are statistically worse off in just about every area imaginable.

"Controlling for socioeconomic status, race, and place of residence, the strongest predictor of whether a person will end up in prison is that he was raised by a single parent. By 1996, 70 percent of inmates in state juvenile detention centers serving long-term sentences were raised by single mothers. Seventy-two percent of juvenile murderers and 60 percent of rapists come from single-mother homes. Seventy percent of teenage births, dropouts, suicides, runaways, juvenile delinquents, and child murderers involve children raised by single mothers. Girls raised without fathers are more sexually promiscuous and more likely to end up divorced. A 1990 study by the Progressive Policy Institute showed that after controlling for single motherhood, the difference between black and white crime rates disappeared.

Various studies have come up with slightly different numbers, but all the figures are grim. According to the Index of Leading Cultural Indicators, children from single-parent families account for 63 percent of all youth suicides, 70 percent of all teenage pregnancies, 71 percent of all adolescent chemical/substance abuse, 80 percent of all prison inmates, and 90 percent of all homeless and runaway children.

A study cited in the Village Voice produced similar numbers. It found that children brought up in single-mother homes ‘are five times more likely to commit suicide, nine times more likely to drop out of high school, 10 times more likely to abuse chemical substances, 14 times more likely to commit rape (for the boys), 20 times more likely to end up in prison, and 32 times more likely to run away from home.’ Single motherhood is like a farm team for future criminals and social outcasts."

Instead of trying to reverse the crippling damage being done to our country by the collapse of marriage, we’ve chosen to degrade it even further by allowing same sex unions, soon to be followed by polygamous unions that will degrade the institution ever further. If it’s true that marriage is the bedrock of society, then our nation’s house is built on sand.

2) Crime: Despite the fact that China and India have populations four times our size, it’s stunning that America has the largest prison population on Earth. Not coincidentally, America’s once sky-high crime rate dropped as massive numbers of criminals were locked away.

Bizarrely, many people talk about crime as if it’s divorced from morality. We hear about a supposed “rape culture,” school shootings, the “Knockout Game,” child abuse, etc., etc., etc. without making the obvious connection to morals. Good kids aren’t raping anybody, assaulting strangers to prove they’re tough or shooting up movie theaters unless they’re mentally ill.

Kids who are taught about good and evil, right and wrong, patriotism, chivalry and honor are going to make mistakes. A few of them will even turn out to be bad apples. However, full though our prisons may be, they are not full of God-fearing men. They’re full of people who are morally adrift.

3) Poor Government: America seems to be becoming progressively less governable and there are many reasons for that.Government has become too big to effectively manage, both parties have moved away from the center, gerrymandering has decreased the power of voters and increased the power of special interest groups – we could go on and on. Despite the fact that it’s seldom discussed, one of the biggest factors is the dishonesty of our own politicians.

How does that play a role? Well, it’s impossible to cut any kind of meaningful long-term deal on taxes, spending, immigration or any other big issue because neither party can be trusted to stick to a deal. Politicians lie to the voters, they lie to the other party and they even lie to their colleagues on the same side of the aisle.

Barack Obama’s signature piece of legislation, Obamacare, was entirely built on lies. Hillary Clinton has been caught lying more times than Pinocchio – and it’s not much different for the GOP leadership in Congress. Today, as I write this, Ted Cruz has stepped to the Senate floor to call out Majority Leader Mitch McConnell for lying to his own caucus.

On the one hand, it’s extraordinarily difficult to govern a nation without long term planning, but how do you plan for the future when no politician’s word means anything?

4) Dependence: Americans have traditionally been some of the most self-reliant people on the face of the earth. People used to be ashamed to be on the dole even if they felt like they had no other choice. Judging by the numbers we see today, that’s no longer true.

More than 1/3 of the population, 109 million Americans, are on welfare. That’s more people than there are in the four most populous states in America (California, Texas, New York and Florida) COMBINED. More than 45 million Americans are receiving food stamps. Nearly 11 million Americans, a number larger than the population of Greece, are on disability.

Does anyone care how many of these people are legitimately having hard times and need a little temporary assistance to get back on their feet versus how many are parasites who are looting the system? It certainly doesn’t seem like it. There doesn’t seem to be a lot of people who even feel bad about being on the dole either. In fact, it’s probably more of a social faux pas to suggest that people should feel bad about living off other people’s labor than it is to sponge off the taxpayers without regret. That’s why it’s not just an economic problem, it’s a moral problem and it’s one that is likely to get larger as a smaller and smaller share of workers are asked to shoulder the load for people who don’t work for a living.

5) Lack Of Civility And Manners: The great Samuel Adams once said, “A general dissolution of principles and manners will more surely overthrow the liberties of America than the whole force of the common enemy. While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader.”

Between the anonymity of the Internet, the crudity of much of modern music and TV along with our bad habit of rewarding every reality show star and jackass with 15 minutes of fame as long as they’re willing to go to any lengths to catch our attention, we’ve become a crass, rude and obnoxious culture.

We live in a country that often rewards sarcasm instead of wisdom, rudeness instead of insight and the squeaky wheel instead of the farsighted patriot. You’re more likely to get your way in America if you claim to be angry, offended or can just make enough noise on social media than if you’re plain old right. How well is that working out for our country?

Credit to Town Hall

While Iran threatens to "annihilate" Israel following the nuclear deal Iran experienced a mind-boggling 164 degrees (73 Celsius)




(Illustration)


On the same weekend in which it threatened to "annihilate" Israel following the nuclear deal it struck with global powers, Iran experienced a mind-boggling 164 degrees (73 Celsius) heat index reading last Friday, in what some might see as a warning by the Almighty Himself that all options are on the table.

The heat index, also know as the "feels-like" temperature, combines air temperature and humidity to give an accurate reading as to how the human body perceives the relative temperature.

As Iran entered the current heat wave breaking on the Middle East last Thursday, temperatures at the Manshahr Airport in southwest Iran's Bandar Mahshahr, home to over 100,000 people, hit 109 degrees (43 Celsius) with a dewpoint of 90 degrees (32 Celsius). Those figures compute out to an incredible 159 degrees (70 Celsius).

But it got even hotter on Friday, with the Weather Channel reporting that the same site reached 114.8 degrees (46 Celsius) and a dew point of 89.6 degrees (32 Celsius), yielding an inhuman 164 degrees (73 Celsius).

Meteorological experts said Iran is experiencing some of the hottest temperatures "ever endured by humankind."

"That was one of the most incredible temperature observations I have ever seen, and it is one of the most extreme readings ever in the world," AccuWeather meteorologist Anthony Saglia told The Telegraph.

​Iran's heat index last Friday nearly broke a world record, coming within a few degrees of the 2003 heat index record in Dhahran, Saudi Arabia, which was a suffocating 178 degrees (81 Celsius).

Putting aside the heat index, the highest recorded temperature in all of Asia was actually experienced in Israel's Tirat Tzvi back on June 21, 1942, during the days of the Holocaust, when the temperature hit 129 degrees (54 Celsius). However, the Weather Channel casts doubt on the accuracy of that record, and lists Kuwait's scorching 128.5 degrees (53.6 Celsius) in 2012 as the record.


Kuwait nearly matched that record again last Thursday, when it hit 127 degrees (52.8 Celsius) in Mitribah.

The rising temperatures are part of a regional "heat dome," a type of high pressure ridge that is causing soaring temperatures and is expected to last several days.

Iraq has also been coming in for a pounding, and on Sunday it was expected to hit over 120 degrees (49 Celsius) for the eight day in a row.

Iraq's government last Thursday took the desperate measure of instituting a four-day holiday so that citizens can take shelter at home and stay out of the sizzling sun.

Baghdad on Saturday hit its four consecutive day over 120 degrees, and has been over 100 degrees (37.8 Celsius) every day since all the way back to May 30.

Temperatures in Israel are ranging between 90 degrees (32 Celsius) in the country's center, to 114 (46C) in Eilat and 113 (45C) near the Sea of Galilee.

The multinational Pharmaceutical drug cartels


Image result for pfizer satanic

(NaturalNews) Everybody knows that pharmaceutical dollars are what keep the "science" machine spinning, or at least that's what former Pfizer Vice President Dr. Peter Rost, M.D., contends in the powerful documentary film One More Girl, which blows the lid on one of the world's biggest vaccine scams.

Author of the book The Whistleblower, Confessions of a Healthcare Hitman, Dr. Rost makes the case that universities, health organizations, and other research groups are constantly begging for money in order to keep their operations running. And their biggest donors are drug and vaccine companies, which buy the research results they need to promote their products throughout the health care system.

The multinational drug cartels, including those for whom Dr. Rost used to work, routinely award grants to academic institutions and research labs, knowing that these entities will produce favorable "science" in order to keep the cash flowing. It's an organized racket that keeps pharmaceuticals and vaccines at the forefront of medicine, even when safer, natural alternatives exist.

"The way it's done is, number one, you give these organizations and institutions grants for various kinds of research," claims Dr. Rost in the following video clip posted to YouTube:
https://youtu.be/TrCizlAOBAo

"You develop research together with them, you establish friends, you make sure that they become beholden to you, and you also pay individual professors and doctors and researchers directly. You may pay them as speakers to travel around the country, $1,000 to $2,000 per day. You give them money for educational programs where they can make a profit, and then they put on these programs."

Big Pharma spends billions manufacturing fake science in favor of deadly drugs and vaccines

The myth surrounding all this flow of cash and procurement of scientific research is that the results are somehow independent, and thus trustworthy. In truth, much of what passes as science today is really nothing more than corporate marketing for the highest drug industry bidders.

"If you have a promotional budget at the corporation, they're probably going to give that money to the universities that do the programs that most support your drug," says Dr. Rost. "And the ones that don't, who are critical in any way, shape, or form, they're not going to get anything. And everybody obviously knows that this is how things work."

"Even if you can officially claim, 'well, this is arm's length, we didn't have anything to do with it, we just gave them a grant, they can do anything they want with it,' reality is, they're not going to continue to get money unless they're saying what you want them to say. They know it, you know it, it's only maybe the public that doesn't know it. And that's how you influence the medical establishment, simply with money."

Journal editors admit that much published science is "untrue"

A large percentage of what's published in the scientific literature these days reflects this industry bias. Former editor-in-chief of the esteemed New England Journal of Medicine (NEJM), Dr. Marcia Angell, published a paper in 2010 highlighting the fact that, over her more than two decades of service at the journal, she's now convinced that "much" of the published clinical research simply can't be trusted as valid.

Dr. Richard Horton, the current editor-in-chief of the British Lancet journal believes similarly, having stated that up to half of all published science is simply "untrue," and that science as a whole has "taken a turn towards darkness."

"There is increasing concern that most current published research findings are false," added Dr. John P.A. Ioannidis, a professor of disease prevention at Stanford University, in a PLoS One paper entitled Why Most Published Research Findings Are False.

According to Dr. Ioannidis, research findings are less likely to be true when study samples sizes are too small, when effect sizes are even smaller, and when there are major variances in study designs, definitions, outcomes, and analytical modes. He also points out disparities from "greater financial and other interest and prejudice," referring to the type of drug industry influence of which Dr. Rost speaks.

Ultimately, all this bad science ends up landing on the desks of doctors and other medical practitioners who, believing it to be true, incorporate it into their clinical practices. Little do many of them know that they're being presented with corporate propaganda, with the pharmaceutical drug lords pulling the purse strings behind the scenes.

"It is frightening how many similarities there are between the industry and the mafia," Dr. Rost once wrote. "The only difference is that all those people in the pharmaceutical industry see themselves as decent citizens."

You can watch the full video clip of Dr. Rost's interview for the film One More Girl at the following link:
https://youtu.be/TrCizlAOBAo

Sources:

https://youtu.be/TrCizlAOBAo

http://www.blacklistednews.com

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2964337/

http://www.thelancet.com

http://journals.plos.org



Credit to Natural News

Learn more:  http://www.naturalnews.com/050635_Pfizer_Big_Pharma_whistleblower.html#ixzz3hnCMIZs6

Paper Gold "Dilution" Hits A Record 124 For Every Ounce Of Physical


Image result for gold
Over the few days, we got what was merely the latest confirmation that when it comes to sliding gold prices, consumers of physical gold just can't get enough. 
As the Times of India reported over the weekend, India's gold imports shot up by 61% to 155 tonnes in the first two months of the current fiscal year "due to weak prices globally and the easing of restrictions by the Reserve Bank. In April-May of the last fiscal, gold imports had aggregated about 96 tonnes, an official said."
This follows confirmations previously that with the price of gold sliding, physical demand has been through the roof, case in point: "US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low", "Gold Bullion Demand Surges - Perth Mint and U.S. Mint Cannot Meet Demand", "Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion" and so on. Indicatively, as of Friday, the US Mint had sold 170,000 ounces of gold bullion in July: the fifth highest on record, and we expect today's month-end update to push that number even higher.
But while the dislocation between demand for physical and the price of paper gold has been extensively discussed here over the years, most recently in "Gold And The Silver Stand-Off: Is The Selling Of Paper Gold And Silver Finally Ending?", something unexpected happened at the CME on Friday afternoon which may be the most important observation yet.
Recall that in the middle of 2013, in an extensive series of articles, we covered what was then a complete collapse in Comex vaulted holding of registered (i.e., deliverable) gold.  At the time the culprit was JPM, where for some still unexplained reason, the gold held in the newest Comex' vault plunged by nearly 2 million ounces in just six short months.
More importantly, the collapse in registered Comex gold sent the gold coverage ratio (the number of ounces of "paper" gold open interest to the ounces of "physical" registered gold) soaring from under 20 where, or roughly in line with its long-term average, to a whopping 112x. This means that there were a total of 112 ounces of claims for every ounces of physical gold that could be delivered at any given moment.
Gradually, the Comex raid was relegated to the backburner when starting in 2014 the amount of registered gold tripled from the upper 300k range to 1.15 million ounces one year ago, at which point the slide in Comex registered gold started anew.
Which brings us to Friday afternoon, also known as month end position squaring, when in the latest daily Comex gold vault depository update we found that while some 270K in Eligible gold had been withdrawn mostly from JPM vaults, what caught our attention was the 25,386 ounces of Registered gold that had been "adjusted" out of registered and into eligible. As a reminder, eligible gold is "gold" that can not be used to satisfy inbound delivery requests without it being converted back to registered gold first, which makes it mostly inert for delivery satisfaction purposes. 

Most importantly, this 25,386 oz reduction in deliverable Comex gold from 376,906 on Thursday pushed the amount of registered Comex gold to an all time low: at 351,519 ounces, or just barely over 10 tons, registered Comex gold has never been lower!

Incidentally, as part of the month-end redemption requests, we saw a whopping 22% of the eligible gold in Kilo-bar format (where there is no registered, just eligible) be quietly whisked away from Brink's vaults: unlike traditional ounce-based contracts, the kilo format traditionally serves as an indication of Chinese demand, and if withdrawals on par with those seen on July 31 persist, it will soon become clear that Chinese buyers are once again scrambling for the safety of gold now that their stock market bubble has blown up.
This covers the sudden surge in demand for physical gold as manifested by CME data. 
Meanwhile, over in "paper gold" land, things remained unchanged: as shown in the chart below, the aggregate gold open interest rose modestly to 43.5 million ounces up from 42.9 million the day before.

While on its own, gold open interest - which merely represents the total potential claims on gold if exercised - is hardly exciting, as we have shown previously it has to be observed in conjunction with the physical gold that "backs" such potential delivery requests, also known as the "coverage ratio" of deliverable gold. 
It is here that things get a little out of hand, because as the chart below shows, all else equal, the 43.5 million ounces of gold open interest and the record low 351,519 ounces of registered gold imply that as of Friday's close there was a whopping 123.8 ounces in potential paper claims to every ounces of physical gold.
This is an all time record high, and surpasses the previous period record seen in January 2014 following the JPM gold vault liquidation. 
Another way of stating this unprecedented ratio is that the dilution ratio between physical gold and paper gold has hit a record low 0.8%. 
Indicatively, the average paper-to-physical coverage ratio since January 1, 2000 is a "modest" 19.1x. As of Friday it had soared to more than 6 times greater.
Which brings us to the usual concluding observations: 
First: as we have said previously, at a time when all the gold selling (and naked shorting) is in the paper markets and when demand for physical gold is once again off the charts, with soaring purchases not only in India but also in the US, where is this gold going? Clearly not into CME gold vaults, which are once again a source of physical gold, and as the above shows, have never had less deliverable gold.
Second, total Comex gold has dropped to such precarious levels in the past and while on many occasions market observers have asked if the Comex is close to a failure to deliver, aka a default of the CME's gold warehouse, it has always avoided such a fate. Still, one wonders: the 10+ tons of deliverable gold at the Comex are now worth a paltry $383 million. It would not be very complicated for a next generation "Hunt Brother" to buy some $400 million in Comex gold, and promptly demand delivery: after all the gold crash of two weeks ago saw some $2.7 billion in paper gold dumped in the most illiquid market - why can't it be done in reverse. What would happen next is unknown, but unless somehow the Comex found a way of converting millions of ounces of Eligible gold into Registered, the CME would simply be unable to satisfy such a delivery request. 
Third: while there are still over 7 million ounces of Eligible gold, why the recent spike in "adjustments" of eligible to registered gold (i.e., missing a warehouse receipt)?
Finally, we assume the mainstream press will once again start paying close attention to the total, and especially registered, gold held at the Comex: at a pace of 25K a day, the gold vaults that make up the CME's vaulting system would be depleted in just under two weeks of daily withdrawals.
In any case, we are very curious to see how this latest dramatic face off in the long-running war between paper and physical gold, concludes.
Credit to Zero Hedge