Gold and Silver • Gold necklace thieves plague Paris
Gold necklace thieves plague Paris
Published: 24 Oct 2012 17:44 GMT+02:00
Updated: 24 Oct 2012 17:44 GMT+02:00
A new trend has hit the streets of Paris: ripping gold chains from their owners’ necks, according to new crime figures.
Police said on Wednesday that 270 people had been arrested in the first nine months of the year for muggings aimed at cashing in on the rising price of the precious metal.
In July alone – at the height of the tourist season – there were 635 reported incidents of thefts of gold chains or necklaces in the French capital and its surrounding suburbs.
Authorities in other French cities have reported a similar upward trend in gold-centred thefts in a year which has seen the metal hit record highs thanks to its rediscovered status as a safe haven in times of financial turmoil.
Gold prices were at $1,708.35 an ounce Wednesday on the London Bullion Market, up from $1,574.50 at the beginning of the year.
http://www.thelocal.fr/page/view/gold-n … ague-paris
Statistics: Posted by yoda — Thu Oct 25, 2012 1:47 pm
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Other • Ben Bernanke and his Merry Band of Thieves
The Real Reverse Robin Hood: Ben Bernanke and his Merry Band of Thieves
August 31, 2012
Away from the stifling media crush, staid Ben Bernanke is dashing Reverse Robin Hood, lackey pawn of the Neofeudalist Financial Lords who shamelessly steals from the poor to give to the parasitic super-rich.
Amidst electioneering chatter about a "reverse Robin Hood" who steals from the poor to give to the rich, it’s important to identify the real Reverse Robin Hood: Ben Bernanke and his Merry Band of Thieves, a.k.a. the Federal Reserve. It’s especially appropriate to reveal Ben as the real Reverse Robin Hood today, as the Chairman is as omnipresent in the media as Big Brother due to the Cargo-Cult confab in Jackson Hole, Wyoming.
Please answer the following questions before launching a rousing defense of the All-Powerful Fed and its chairman:
1. What is the nominal yield on your savings account, thanks to the Fed’s zero-interest rate policy (ZIRP)? (Answer: 0.25%)
2. What is the inflation-adjusted yield on your savings account? (Answer: – 2.25%)
3. What is the rate of interest the Fed charges banks for "free money"? (Answer: 0%)
4. What is the average interest rate for bank-issued credit cards? (Answer: 14.52%)
5. What is the interest rate for student loans? (Answer: 6.8%, and 7.9% or 8.5% for PLUS loans)
6. Does the Fed pay interest on the funds banks have borrowed from the Fed for 0% and then deposited with the Fed? (Answer: yes)
7. Exactly how has the average American worker benefited from the Fed’s policies? (Answer: interest on credit cards has declined from 19.9% to 14.52%, if the worker has outstanding credit, which few of the bottom 90% do.) Theoretically, workers could re-finance their homes at lower interest rates, but the vast majority are either underwater or no longer qualify. Ben and the Merry Thieves love pulling Catch 22.
8. How has the average parasitic Neofeudalist Financial Lord benefited from the Fed’s "rob the poor to give to the rich" policies? (Answer: Handsomely. The top 1%’s income and net worth has soared as Ben and his Merry Band of Thieves have stripmined interest income from the poor and pension funds and diverted it to the rich.)

9. Have the Fed’s Reverse Robin Hood policies narrowed income disparity in the U.S.? (Answer: no–income disparity has widened further as a result of Fed goosing of risk assets.)
10. How many of the nation’s 14.5 million unemployed have gotten jobs as a result of Fed policies who would not have gotten a job if the Fed had been abolished in 2009? (Answer: unknown, but the best guess is 17, including Bennie the part-time janitor, with a statistical error of + or – 17.)
11. How does Ben the Reverse Robin Hood justify his thievery? (Answer: he doesn’t. Officially sanctioned propaganda casts him in the role of selfless do-gooder, protecting saintly Neofeudalist Financial Lords from restless debt-serfs.)
Listen up, debt-serfs, you have it good here on the manor estate. You get three squares of greasy fast-food or heavily processed faux-food a day, and if Reverse Robin Hood and his Merry Band of Thieves is ripping you off it’s for a good reason: the predatory Neofeudalist Financial Lords need the money more than you do, as they have a lot of political bribes to pay: it’s an election year, and the bribes are getting increasingly costly. Poor things, we’re sure you understand. Now go back to work or watching entertainment (or "news," heh) and leave the Lords alone.
An open plea to William Banzai: dear Master of the visual arts, could you please perform your magic and transform Ben Bernanke into the Reverse Robin Hood leading his Merry Band of Bankster Thieves? I would be most grateful if you could apply your powers to this imagery.
http://www.oftwominds.com/blog.html?ref=patrick.net
Statistics: Posted by yoda — Fri Aug 31, 2012 12:35 am
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Gold and Silver • thieves target coin collections
Driven by gold and silver prices, thieves target coin collections
http://www.washingtonpost.com/local/cri … s_business
As Julian Leidman packed up more than $4 million in rare coins after a Connecticut show, the thieves probably already had the prominent collector under surveillance and had laid plans for one of the biggest coin heists in U.S. history.
Leidman eased his minivan onto Interstate 95 south toward his Maryland home and the thieves probably followed, waiting and watching for dozens of miles. Then they saw their opening.
When Leidman stopped for dinner at Tiffany’s restaurant in Pine Brook, N.J., he took a table near a window so he could keep an eye on his vehicle. The thieves sneaked around the side he couldn’t see, smashed a window and took at least five cases.
Most of Leidman’s inventory was gone, more than 2,000 vintage coins and banknotes including one of the coin world’s major prizes — a 1921 Saint-Gaudens $20 gold piece worth as much as a modest home in the suburbs.
Thefts of rare coins have spiked in recent years, experts say, crimes linked to the run-up in gold and silver prices. Coin thieves are often part of organized rings, some from Colombia and others with ties to the Russian mafia, that orchestrate sophisticated, lightning-quick and sometimes ruthlessly violent heists, according to the Numismatic Crime Information Center, a nonprofit organization that tracks coin thefts.
Fairfax County police think thieves probably followed a dealer to his Annandale home after a show in April and snatched coins and banknotes worth as much as $500,000 when the dealer left his car for about 10 minutes. In 2011, a mother and son from Texas were convicted of being part of a scheme to steal $152,000 in coins from a New Market, Va., collector.
“Why rob a bank with cameras, witnesses, and there’s a good chance your picture will end up on the evening news?” said Steve Ellsworth, president of the Virginia Numismatic Society and a coin security expert. “Coin thefts often don’t have witnesses, and criminals can make off with far more money.”
The October 2009 scheme targeting Leidman, which has resulted in a case that is nearing its conclusion in federal court in New York, opens a window on the world of thefts that sometimes seems pulled from a Hollywood script.
Leidman, 65, has been collecting since age 11. His Silver Spring store, Bonanza Coins, is overflowing with boxes, buckets and glass cases full of coins. Leidman is a major player in the coin world, and the illustration of the $20 1907 Indian Head double eagle piece on one wall is a reminder.
Leidman bought the coin — there is only one — for $500,000 in 1979, making it the world’s most expensive coin at the time. He hoped to turn a profit on it, but the market soured and he unloaded it two years later at a loss. It is now worth an estimated $15 million.
Leidman jokes about his bad timing but grows serious when he talks about the theft. He spent four decades building his business, but in the space of a Sunday evening dinner it appeared to be falling apart. His insurance company did not cover the cost of the stolen coins, Leidman said. Some of the coins were his, while others he was selling on commission for other collectors.
Statistics: Posted by DIGGER DAN — Tue Jun 12, 2012 6:22 am
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