We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

SHTF In Austria Soon

Austria will soon meet the limelight of international attention again. On Thursday the ruling coalition tried to set a date for the necessary vote on change of Austria's constitution that would allow the Eurozone to proceed on the ill-fated way of Eurobond issuance. Due to the opposition from the Green Party and the two xenophobic parties FPÖ and BZÖ the vote did not reach the obligator 2/3 majority in the upper house. The Green party had already issued a warning to the bank-controlled coalition in June, threatening to boycott a pro-Eurobond vote as long as Austria does not ensure that money lent to the PIIGS will be repaid absent the factor of pure hope. The Greens got unexpected support from conservative hardliner and finance minister Maria Fekter. on Friday In an interview with Austrian press agency APA she said Austria will reject a top-up of the €780 billion European Financial Stability Fund (EFSF). She also addressed US Treasury Secretary Tim Geithner and advised him to put his own house in order before handing out fiscal advice to the Eurozone. Austria's coalition is getting shattered day after day by new scandals alleging corruption involving a string of partly state-owned companies like Telekom Austria, public railways, the purchase of 12 Eurofighter jets (only 2 are operable during daylight hours), alleged kickbacks in the privatization of the country's real estate holdings. Scandals have so far centered on the conservative ÖVP and their former xenophobic coalition partners. But since Thursday allegations about current social democrat chancellor Werner Faymann concerning advertising of public companies in preferred media begin to make bigger and bigger headlines.

Another Lawsuit Filed Against JP Morgan For Silver Price Manipulation

It has been a while since JP Morgan has been sued for silver manipulation. Well, that changed on September 12, after JPM was served with its most recent lawsuit alleging silver manipulation, which we have no doubt will promptly move from the Inbox straight to the trash can. Since this is a class action, virtually everyone who has ever traded silver and lost on the trade appears to be on the list of plaintiffs (we jest, although the list of impaired parties a through x is rather, well, dillutive of the purpose). It is unfortunate that the John Doe defendants are not named as the general media will merely see this as just another lawsuit which serves simply to remind us that the CFTC still has to investigate any of the allegations against JPM and HSBC for silver manipulation. And while a lot of the content in the filing is regurgitated filler, it does provide some purported details on JPM's specific manipulation techniques such a focus on June 26, 2007 an OpEx day, which provides for some entertaining reading. There is substantially more, which at time reads like a diary of a conspiracy nutjob, and unfortunately that is how the conflicted legal system will see it. Because after all it is the CFTC's dute to monitor its member firms, and as long as the regulator is one of the alleged manipulators, nothing will change. That said, we certainly wish the plaintiffs lots of luck to at least get their case heard. That said, and going a little but beyond the purvey of this lawsuit, we wonder: why all the endless sound and fury over this purported ongoing price manipulation. Surely, the plaintiffs are smart enough to realize that every market intervention (such as the alleged JPM silver manipulation) always ends with price discovery in the end, i.e., silver, gold, spam, what have you, reaching its fair value. As such, should the litigants not be thanking JPM for allowing them to buy silver at lower than fair value prices? We wonder...

Anybody Still Believe That The Fed Does Not Manipulate The Price Of Gold?

Dave in Denver at The Golden Truth - 4 minutes ago

Or at least try to? Here's a quote from Paul Volker from a 2004 interview, in reference to January 1973 when the dollar was devalued against the yen: That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized.*Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake*. - Paul Volcker, "Nikkei Weekly" 2004 And here's a famous quote from Alan Greenspan in... more »

The BoomBustBlog BNP Paribas "Run On The Bank" Model Available for Download

Posted by: Reggie Middleton

Post date: 09/15/2011 - 14:23

The BNP Paribas "Run On The Bank" Model is now available for download, absolutely free. Why don't you see for yourself if France's 2nd largest bank needs capital or is in risk of a bank run - using...

It's A Bird, It's A Plane, No It's SUPEREFSF!

EFSF may have been the best invention ever. Although it has done very little so far, the potential for it do a lot has kept the markets upbeat time and again. The latest is the announcement out of Belgium that the EFSF will make up the shortfall of investors agreeing to the voluntary rollover. I can't even begin to understand what that means. If the EFSF doesn't hold bonds, how is it going to vote to exchange them? If they don't own bonds, where are they going to get them? ... It's been a long week of finding White Knight buyers of European debt. Some of the rumors may turn out to be true, but reacting to a headline like this is just another sign of how broken this market has become. Nerves are frayed and people are instantly reacting to any move on the chance that someone knows something. In the meantime, I did pull up the Wikipedia description of the Kubler-Ross 5 Stages of Grief. Denial, Anger, Bargaining, Depression, and Acceptance. I think Greece is in Acceptance, Portugal is in Depression, and Italy, Spain, and Ireland are deep into the Bargaining phase. Personally, I'm mired in the Anger phase.

Please watch this video...

Now Online: World Premiere of SPOiLER - How a Third Political Party Could Win

Thursday, September 15, 2011 – by Staff Report

SPOiLER

Now viewable online – exclusively via the Foundation for the Advancement of Free-Market Thinking (FAFMT) and the TheDailyBell.com.
James Jaeger and Matrixx Productions latest film, SPOiLER, is a feature-length documentary that explores how a third political party could win the presidential election of 2012 or 2016 with four key issues.
SPOiLER features Freedom Force Founder, G. Edward Griffin (author of The Creature from Jekyll Island), Peter A. Lillback, author of George Washington's Sacred Fire, John McManus, President of the John Birch Society, Pat Buchanan, well-known author and political analyst, and Edwin Vieira, constitutional attorney from Harvard, (author of Pieces of Eight). Watch a 5-minute clip of all of them here.
Inspired by strategy set forth in Nelson Hultberg's new book, The Conservative Revolution, SPOiLER delves into the philosophic background that has saturated the US the past 97 years and compares it with the first 127 years of our nation's history, what could be called the Libertarian-Conservative Era.
This is one movie you simply should not miss. If you question the legitimacy of the two party political monopoly that restricts "outsider" parties, then this is the film that can give you hope – hope that a voice not wanted to be heard by mainstream sources can ring loudly amongst "The People." We believe it is possible. Enjoy the film.

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