from The Economic Collapse Blog:
For those waiting for our economic problems to be solved, you can quit
holding your breath. There is simply not going to be a solution to our
economic problems on the national level. So why is that the case?
Well, it is because the economic policies of both major political
parties are very, very similar when you take a close look at them. Yes,
that statement may sound downright bizarre to many Americans, but it is
true. Both major political parties supported the Wall Street bailouts,
both of them fully support the job-killing “free trade” globalization
agenda, both of them have dramatically increased the national debt when
in power, both of them fully support the currency-killing policies of
the Federal Reserve, and neither major political party would get rid of
the income tax and the IRS. And that is just for starters. Yes, there
are some minor differences when it comes to taxing and spending between
the two parties, but the truth is that they are a lot more similar on
economic issues than they are different. What we desperately need on
the national level is a fundamental change in direction when it comes to
economic policy, but we simply are not going to get that from either
the Democrats or the Republicans. That means that there is no hope that
the economic storm that is coming will be averted.
Read More @ TheEconomicCollapseBlog.com
For those waiting for our economic problems to be solved, you can quit
holding your breath. There is simply not going to be a solution to our
economic problems on the national level. So why is that the case?
Well, it is because the economic policies of both major political
parties are very, very similar when you take a close look at them. Yes,
that statement may sound downright bizarre to many Americans, but it is
true. Both major political parties supported the Wall Street bailouts,
both of them fully support the job-killing “free trade” globalization
agenda, both of them have dramatically increased the national debt when
in power, both of them fully support the currency-killing policies of
the Federal Reserve, and neither major political party would get rid of
the income tax and the IRS. And that is just for starters. Yes, there
are some minor differences when it comes to taxing and spending between
the two parties, but the truth is that they are a lot more similar on
economic issues than they are different. What we desperately need on
the national level is a fundamental change in direction when it comes to
economic policy, but we simply are not going to get that from either
the Democrats or the Republicans. That means that there is no hope that
the economic storm that is coming will be averted.Read More @ TheEconomicCollapseBlog.com
from KingWorldNews:
With
continued volatility in global markets, 40 year veteran, Robert
Fitzwilson wrote this exclusive piece for King World News. Fitzwilson
is founder of The Portola Group, one of the premier boutique firms in
the United States. Here are Fitzwilson’s observations: “In
our opinion, the beginning of the dot-com bubble started with the
Netscape IPO in the mid-1990s. Prior to Netscape, companies had to have a
track record of earnings and cash flows before going public. It was
normal to receive a prospectus or two per week prior to the Netscape
IPO. Afterwards, it became a flood, almost a daily occurrence to have
prospectuses arrive at our research department.”
Robert Fitzwilson Continues @ KingWorldNews.com
With
continued volatility in global markets, 40 year veteran, Robert
Fitzwilson wrote this exclusive piece for King World News. Fitzwilson
is founder of The Portola Group, one of the premier boutique firms in
the United States. Here are Fitzwilson’s observations: “In
our opinion, the beginning of the dot-com bubble started with the
Netscape IPO in the mid-1990s. Prior to Netscape, companies had to have a
track record of earnings and cash flows before going public. It was
normal to receive a prospectus or two per week prior to the Netscape
IPO. Afterwards, it became a flood, almost a daily occurrence to have
prospectuses arrive at our research department.”Robert Fitzwilson Continues @ KingWorldNews.com
Ron Paul is EXPLODING!! (with Zero media coverage) Even Democrats Love Dr. Paul
Moron Bubbles
Dave in Denver at The Golden Truth - 3 hours ago
*The bubble is in paper assets, particularly sovereign debt. Historic lows
in interest rates mean that prices are at historic highs as rates and
prices move inversely. Take into account the solvency factor, and the
conclusion is inescapable that such paper assets are in the biggest bubble
in history. Sadly, the vast majority of people will not understand this
until it is too late and their savings have been destroyed. *- Robert
Fitzwilson on King World News (link below)
First I quickly want to point out that yesterday, despite the rosy
headlines reported with regard to weekly mor... more »
by SGT:
On the April 16th edition of the Alex Jones radio show, New York Times best-selling author and SurvivalBlog.com editor James Wesley Rawles made the chilling case for the end of America as we know it.
Rawles, the author of How to Survive the End of the World as We Know It is certainly making an impact and spurring many Americans to take action while there is still time to prepare. Recently I had the good fortune of meeting and interviewing a newly awakened patriot on a plane trip out east. The passenger sitting next to me just happened to be reading James Wesley Rawles’ book Patriots: A Novel of Survival in the Coming Collapse which directly led to us starting up a conversation about the inevitable calamities we are facing. You can listen to that interview here.
What you are about to read is an urgent warning and a call-to-action
that every thinking person should heed and share with loved ones.As so many of us are, I too have been very troubled by the the recent news that the Department of Homeland Security has contracted ATK of Anoka, MN to produce and supply the DHS with as many as 450 million hollow point bullets over the next five years. Read More…
from Wealth Wire:
This visual says it all. With America’s debt currently at $15.1 trillion and rising, it’s not a pretty picture.
The worst part is that the Eurozone and the U.K combined – when taking more than six nations into consideration – is still in debt by 2.4 trillion less than the United States is!
If we don’t clean up our act and make immediate changes, we may face Greece’s fate sooner than we think…
This visual says it all. With America’s debt currently at $15.1 trillion and rising, it’s not a pretty picture.
The worst part is that the Eurozone and the U.K combined – when taking more than six nations into consideration – is still in debt by 2.4 trillion less than the United States is!
If we don’t clean up our act and make immediate changes, we may face Greece’s fate sooner than we think…
from Got Gold Report:
Astute market watcher and savvy resource company guru Bob Moriarty may be onto something. Bob writes today for his 321Gold.com website: “I’ve been watching the Sprott Physical Silver Trust (PSLV) daily chart (Ed.
for premiums over net asset value) for over a year now. It gave a very
strong signal for a top with a daily reading of a 26% premium last April
when silver topped. Cash silver was only $46 an ounce but
investors buying into the “Silver is going to the moon, tomorrow,” story
paid an incredible $57.73 an ounce. Needless to say they are sadder and poorer today. I may have mentioned how foolish it is to buy at tops.”
Read More @ GotGoldReport.com
Read More @ GotGoldReport.com
from TF Metals Report:
Before we get into the usual metals discussion today, I thought I’d take a moment to discuss what is being called “Taxmageddon”. Not for the fiscal or economic policy ramifications but as a perfect example of just how hopelessly broken the political system in the United States has become.
If you haven’t heard of Taxmageddon, don’t feel badly. It was a topic that ramped up in popularity into Tax Day back on Tuesday but now will surely drift back into obscurity in the weeks and months ahead. What Taxmageddon essentially is is this: Without Congressional action, almost all tax cuts and changes initiated within the past 10 years will expire on January 1, 2013. This includes changes to the Alternative Minimum Tax, the “marriage penalty”, rates paid on dividends and interest, the “payroll tax deduction” and so on and so on.
Read More @ TF Metals Report.com
Before we get into the usual metals discussion today, I thought I’d take a moment to discuss what is being called “Taxmageddon”. Not for the fiscal or economic policy ramifications but as a perfect example of just how hopelessly broken the political system in the United States has become.
If you haven’t heard of Taxmageddon, don’t feel badly. It was a topic that ramped up in popularity into Tax Day back on Tuesday but now will surely drift back into obscurity in the weeks and months ahead. What Taxmageddon essentially is is this: Without Congressional action, almost all tax cuts and changes initiated within the past 10 years will expire on January 1, 2013. This includes changes to the Alternative Minimum Tax, the “marriage penalty”, rates paid on dividends and interest, the “payroll tax deduction” and so on and so on.
Read More @ TF Metals Report.com
by Mac Slavo, SHTFPlan:
This article has been generously contributed by Survival Acres – Sustainable Living & Common Sense.
Many websites, blogs and forums have covered the topic of bugging out in excruciating detail, all under the assumption that this will be a necessary escape plan for many of us when the proverbial shit hits the fan. This notion is predicated upon the belief that escape and evasion, necessary for your immediate survival will be a (likely) event that you must plan and prepare for now.
However, nothing could be further from the real and actual truth. This cherished myth is a deceptive and dangerous notion that has little place in reality. I’ve long held a stanceagainst this notion because in nearly all cases and all situations, this is a very bad idea with oftentimes fatal consequences. Bugging out is embracing the refugee lifestyle – a very bad idea. Refugees throughout history have fared very badly, suffered extreme hardship and deprivation, with many not surviving the experience. There is a far better alternative to this.
Read More @ SHTFPlan.com
This article has been generously contributed by Survival Acres – Sustainable Living & Common Sense.
Many websites, blogs and forums have covered the topic of bugging out in excruciating detail, all under the assumption that this will be a necessary escape plan for many of us when the proverbial shit hits the fan. This notion is predicated upon the belief that escape and evasion, necessary for your immediate survival will be a (likely) event that you must plan and prepare for now.
However, nothing could be further from the real and actual truth. This cherished myth is a deceptive and dangerous notion that has little place in reality. I’ve long held a stanceagainst this notion because in nearly all cases and all situations, this is a very bad idea with oftentimes fatal consequences. Bugging out is embracing the refugee lifestyle – a very bad idea. Refugees throughout history have fared very badly, suffered extreme hardship and deprivation, with many not surviving the experience. There is a far better alternative to this.
Read More @ SHTFPlan.com
Jim Sinclair’s Commentary
QE to infinity in North America and Europe is as sure as death and taxes.
U.S. Previously Owned Home Sales Unexpectedly Fell in March
By Lorraine Woellert – Apr 19, 2012 7:38 AM MT
Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market.
Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February, the National Association of Realtors reported today in Washington. The median forecast of economists in a Bloomberg News survey called for an increase to 4.61 million. In January, sales at a 4.63 million rate were the strongest since May 2010.
Residential real estate remains the economy’s soft spot, challenged by stricter lending standards, lower home values and the threat of more foreclosures. An improved labor market and mortgage rates near historic lows have yet to stoke bigger gains in demand.
“Despite declines in three of the past four months, home resales appear to be on a modest rising trend over the past nine months,” Steven Wood, president of Insight Economics LLC in Danville, California, said in an e-mail to clients. Still, “the large number of distressed properties combined with a substantial shadow inventory of unsold homes has kept downward pressure on home prices, although they may be stabilizing at a low level.”
Estimates of the 73 economists surveyed by Bloomberg ranged from 4.45 million to 4.75 million after a previously reported 4.590 million annual rate in February. Even with the March decline, sales averaged 4.57 million homes in the first quarter, the strongest since the second quarter of 2010.
More…
High oil prices shield Iran from sanctions
JAVIER BLAS | APRIL 2012 | SOURCE: FT.com
High oil prices are insulating Iran from the full impact of US and European sanctions on the sale of its crude, providing Tehran with breathing space as it prepares for a new round of nuclear talks with western nations next month.
The Centre for Global Energy Studies (CGES), a London-based think-tank, estimates that Iran will earn $56bn selling its crude this year – its third-highest earnings ever – even after factoring in the loss of roughly a third of its export volume due to sanctions.
However, analysts point out that Tehran is finding difficulties in repatriating the funds due to the sanctions on its central bank. Hellenic Petroleum, a Greece-based refiner, recently stopped importing Iranian oil as it was unable to transfer its payments.
The Iranian rial has weakened significantly against the US dollar since December – a sign that Tehran faces difficulties obtaining hard currency.
Iran has proposed an oil-for-grain barter deal with India, currently its biggest oil client, because of the difficulties New Delhi faces in transferring payments from its refiners to Iran’s central bank.
More…
Jim Sinclair’s Commentary
Or the dollars you get with buy one can of cat food per month.
Jim Sinclair’s Commentary
Not that I have any experience, or even knowledge, but by hearsay only, do not people in this ancient trade get paid first?
QE to infinity in North America and Europe is as sure as death and taxes.
U.S. Previously Owned Home Sales Unexpectedly Fell in March
By Lorraine Woellert – Apr 19, 2012 7:38 AM MT
Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market.
Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February, the National Association of Realtors reported today in Washington. The median forecast of economists in a Bloomberg News survey called for an increase to 4.61 million. In January, sales at a 4.63 million rate were the strongest since May 2010.
Residential real estate remains the economy’s soft spot, challenged by stricter lending standards, lower home values and the threat of more foreclosures. An improved labor market and mortgage rates near historic lows have yet to stoke bigger gains in demand.
“Despite declines in three of the past four months, home resales appear to be on a modest rising trend over the past nine months,” Steven Wood, president of Insight Economics LLC in Danville, California, said in an e-mail to clients. Still, “the large number of distressed properties combined with a substantial shadow inventory of unsold homes has kept downward pressure on home prices, although they may be stabilizing at a low level.”
Estimates of the 73 economists surveyed by Bloomberg ranged from 4.45 million to 4.75 million after a previously reported 4.590 million annual rate in February. Even with the March decline, sales averaged 4.57 million homes in the first quarter, the strongest since the second quarter of 2010.
More…
High oil prices shield Iran from sanctions
JAVIER BLAS | APRIL 2012 | SOURCE: FT.com
High oil prices are insulating Iran from the full impact of US and European sanctions on the sale of its crude, providing Tehran with breathing space as it prepares for a new round of nuclear talks with western nations next month.
The Centre for Global Energy Studies (CGES), a London-based think-tank, estimates that Iran will earn $56bn selling its crude this year – its third-highest earnings ever – even after factoring in the loss of roughly a third of its export volume due to sanctions.
However, analysts point out that Tehran is finding difficulties in repatriating the funds due to the sanctions on its central bank. Hellenic Petroleum, a Greece-based refiner, recently stopped importing Iranian oil as it was unable to transfer its payments.
The Iranian rial has weakened significantly against the US dollar since December – a sign that Tehran faces difficulties obtaining hard currency.
Iran has proposed an oil-for-grain barter deal with India, currently its biggest oil client, because of the difficulties New Delhi faces in transferring payments from its refiners to Iran’s central bank.
More…
Jim Sinclair’s Commentary
Or the dollars you get with buy one can of cat food per month.
Jim Sinclair’s Commentary
Not that I have any experience, or even knowledge, but by hearsay only, do not people in this ancient trade get paid first?
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