Today’s Items:

First….
China’s SWIFT Alternative
http://www.zerohedge.com

When Russia set up their own alternative to SWIFT, which is used for all international monetary transactions, China saw how easy it was and now they have set up their own version that could go live in September or October and will not rely on the U.S. Dollar for transactions. Another example of unintended consequences with the U.S. Dollar ultimately on the losing side.

Next…
Greenspan Confessions?
http://www.zerohedge.com

Alan Greenspan believes that within five years, gold will be “measurably higher” than current levels because of the excess liquidity, due to trillions of dollars pumped into the system, that will eventually be released into the open market. Did Greenspan receive a terminal diagnosis from Obamawreck?

Next…
London Gold
http://thewealthwatchman.com

Here are some questions about HSBC suddenly announcing the quick closure of their 7 London gold vaults…
1. What could possibly be the “business consideration”…