Sunday, February 26, 2012

Wyoming Prepares Doomsday Contingency Plans “In the Event of a Complete Economic or Political Collapse in the United States”

Three million Americans, often ridiculed by family, friends and mainstream media for their paranoia, aren’t the only ones preparing for the potentiality of catastrophe resulting from natural or man-made causes. Recent legislation in Wyoming would open the door to studies into the possibility of far-from-equilibrium situations and SHTF preparedness plans that include alternate currencies in the event of a dollar collapse, redundant food distribution networks, preserving utility infrastructures, as well as raising and maintaining a well regulated militia if the situation calls for it.
House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a complete meltdown of the federal government.
Read More @ SHTFPlan.com

 

 

Iran Denies Greece 500,000 Barrels of Oil Shipment

from en.Rian.ru:

Iran has refused to supply 500,000 barrels of oil to Greece in response to the European Union’s sanctions against the Islamic Republic, the Iranian news agency Fars reported on Sunday.
“Oil tankers that had come to transfer 500,000 barrels of Iranian oil to a refinery in Greece had to go back empty-handed after Iran refused to give the shipment,” the news agency reported.
The EU voted in late January to ban oil imports from Iran. The move came after the Islamic Republic announced that it had launched a nuclear enrichment program at a well-protected underground facility near the holy Shia city of Qom.
The program envisages enriching uranium to the 20-percent level, which can easily be turned into fissile warhead material.
Read More @ en.Rian.ru




Iran: Drumbeat of War Has a Familiar Sound

Impetus towards war with Iran can only be explained in terms of a western desire for Iraq-style regime change
by Simon Tisdall, Guardian.co.uk
The drumbeat of war with Iran grows steadily more intense. Each day brings more defiant rhetoric from Tehran, another failed UN nuclear inspection, reports of western military preparations, an assassination, a missile test, or a dire warning that, once again, the world is sliding towards catastrophe. If this all feels familiar, that’s because it is. For Iran, read Iraq in the countdown to the 2003 invasion.
A decisive moment may arrive when Barack Obama meets Israel‘s prime minister, Binyamin Netanyahu, in Washington on 5 March. “The meeting … will be definitive,” said Ari Shavit in Haaretz. “If the US president wants to prevent a disaster, he must give Netanyahu iron-clad guarantees the US will stop Iran in any way necessary and at any price after the 2012 [US] elections. If Obama doesn’t do this, he will obligate Netanyahu to act before the 2012 elections.”
If accurate, this is not much of a choice. It suggests military action by the US or Israel or both is unavoidable, the only question being one of timing. Objectively speaking, this is not actually the position. All concerned still have choices. The case against Iran’s nuclear programme is far from proven. It is widely agreed that limited military strikes will not work; a more extensive, longer-lasting campaign would be required. And Obama in particular, having striven to end the Iraq and Afghan wars, is loath to start another.
Read More @ Guardian.co.uk




As Pentagon Sends Reinforcements To Straits Of Hormuz, Iraq Redux Looms

A few days ago, before the latest breakout in crude sent Brent to all time highs in GBP and EUR (and Asian Tapis in USD just shy of all time highs), we said that “we hope our readers stocked up on gasoline. Because things are about to get uglier. And by that we mean more expensive. But courtesy of hedonic adjustments, more expensive means cheaper, at least to the US government.” This was due to recent news out of Iran “where on one hand we learn that IAEA just pronounced Iran nuclear talks a failure (this is bad), and on the other Press TV reports that the Iran army just started a 4 day air defense exercise in a 190,000 square kilometer area in southern Iran (this is just as bad). The escalation “ball” is now in the Western court.” We were not surprised to learn that the “Western court” has responded in precisely the way we had expected. The WSJ reports: “The Pentagon is beefing up U.S. sea- and land-based defenses in the Persian Gulf to counter any attempt by Iran to close the Strait of Hormuz. The U.S. military has notified Congress of plans to preposition new mine-detection and clearing equipment and expand surveillance capabilities in and around the strait… The military also wants to quickly modify weapons systems on ships so they could be used against Iranian fast-attack boats, as well as shore-launched cruise missiles” Which means the escalation slider was just shifted up by one more level, as Iran will next do just what every actor caught in an Always Defect regime as part of an iterated prisoners’ dilemma always does – step up the rhetoric even more, as backing off at this point is impossible. Which means that crude will go that much more higher in the coming days, as now even the MSM is starting to grasp the obvious – from the Guardian: “The drumbeat of war with Iran grows steadily more intense. Each day brings more defiant rhetoric from Tehran, another failed UN nuclear inspection, reports of western military preparations, an assassination, a missile test, or a dire warning that, once again, the world is sliding towards catastrophe. If this all feels familiar, that’s because it is. For Iran, read Iraq in the countdown to the 2003 invasion.” And the most ironic thing is that the biggest loser out of all this, at least in the short-term is…. Greece.
Read More @ ZeroHedge.com




Hit TV Show Ignites Modern-Day Alaska Gold Rush

from Alaska Dispatch

According to Diana Haecker of the Nome Nugget, the debut of the Discovery Channel’s “Bering Sea Gold” last month unleashed a torrent of phone calls to Nome city offices and other businesses. “Bering Sea Gold” is a popular reality TV show about miners who risk their lives to find ocean gold in the Bering Sea.
The Jan. 27 debut was watched by 3.6 million viewers, making it the highest-rated series launch in Discovery history. Next week, 3.73 million viewers tuned in.
As a result, Nome officials faced a deluge of similar questions: What permits do we need to dredge for gold? Is there a mining camp? Can I buy a dredge up there? Can just anybody go and mine the beaches of Nome?
Read More @ AlaskaDispatch.com




Chinese Stocks Have Been Rallying But Not That Much When Compared To Other Markets

Admin at Marc Faber Blog - 1 hour ago
In the case of China, stocks have been rallying somewhat, they are up 9 percent this year but other markets have done much better. - *in a recent radio interview* Related, iShares FTSE/Xinhua China 25 Index ETF (FXI), Shanghai Composite *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* more »

 

 

If Somebody Starts Bombing Iran, Everything In The World Is Probably Going To Go Down For A While

Admin at Jim Rogers Blog - 1 hour ago
If somebody starts bombing Iran, everything in the world is probably going to go down for a while except maybe gold. Maybe the US dollar would go up initially, but probably everything would be hit in the shock except maybe gold. So I own gold. I am not selling my gold. I bought some gold on Monday a little bit. Not very much, but if gold goes down a lot, I would buy. I hope I am smart enough to buy a lot more gold. Gold is going to go much higher over the course of this decade. Do not sell your gold, not yet. - *in Economic Times* Related, SPDR Gold Trust ETF (GLD) *Jim Rogers is a... more »

 

 

Gold And Silver, Easy As A-B-C-D

Eric De Groot at Eric De Groot - 2 hours ago

I prefer to analyze the secular up trend in gold and silver by waves. These waves are A (minor up), B (minor down), C (major up), and D (major down). Please review The unexpected usually means pay attention post for further review. These waves are defined by price, time, and leveraged money flows defined by futures & options and Intermarket analysis. Today's guardedly optimistic but really to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]




When a Buck Was Silver-Backed

by Paul M. Green, Numismaster.com
Many coin collectors still remember when silver coins disappeared from circulation following the implementation of the Coinage Act of 1965, but fewer remember the parallel disappearance of $1 Silver Certificates.
While there were also $5 and $10 Silver Certificates, until the $1 Federal Reserve Note was introduced for the first time with the Series 1963 issue, the $1 Silver Certificate basically was the only current $1 note issued by the United States for 35 years.
So not only was the government replacing silver coins as fast as it could with copper-nickel clad issues, it was also replacing the circulating $1 Silver Certificates with $1 Federal Reserve Notes.
As you might expect, a Silver Certificate was something you could present to the Treasury and ask for silver dollars (later silver bullion), but this right was terminated June 24, 1968.
Read More @ Numismaster.com





How the U.S. Could Pressure North Korea Tomorrow: Quit the $100 Bill

by David Wolman, News.Yahoo.com:
U.S. negotiators are heading into a second day of what have been dubbed “serious and substantial” talks with North Korean officials. Yet amidst all the discussion of how the U.S. will attempt to work with Kim Jon-un, there has been little (open) speculation as to whether Dear Leader Junior might crank up production of $100 and $50 bills. No, not North Korean 100- or 50-won banknotes, worth about as much as old tissues. I’m talking about fake greenbacks — or, as the U.S. Secret Service has dubbed them, “superdollars.”
These ultra-counterfeits are light years beyond the weak facsimiles produced by most forgers, who use desktop printers. As an anti-counterfeiting investigator with Europol once put it: “Superdollars are just U.S. dollars not made by the U.S. government.” With few exceptions, only Federal Reserve banks equipped with the fanciest detection gear can identify these fakes.
Read More @ News.Yahoo.com




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