by Jeff Nielson, SilverGoldBull:
Regular readers know that I have very little tolerance for bankers talking out of both sides of their mouths. So when I saw yet another piece of blatant banker double-talk, I wasn’t about to let it pass without comment.
In “The Implication of Currency Dilution”, I explained the dynamics of the concept of dilution. When a bar waters-down its booze, the value of the liquor declines. When a lemonade stand waters-down its lemonade, the lemonade is worth less. When a company prints-up shares (i.e. “dilutes” its share structure) the value of the shares decreases. When we “dilute” our gold from more-pure 24 karat gold to less-pure 10 karat gold, the gold is worth less.
Indeed, in our entire realm of human commerce we are currently told that there is only one good which does not become worth less as it is diluted: the paper currencies of Western bankers. As I went on to explain in that prior commentary, as a tautology of logic the only good which does not (automatically) decline in value when it is diluted is a good which was already worthless before the dilution commenced.
Read More @ SilverGoldBull
Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”
by Mac Slavo, SHTFPlan:
Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts.
The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
The implications of the ruling, according to Barnhardt, will affect the monies of all private individuals who have seen their deposit accounts wiped out in the collapse of firms like John Corzine’s MF Global and put all deposit account holders in the country at risk should their bank be faced with a financial windstorm:
Read More @ SHTFPlan.com
Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts.
The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
The implications of the ruling, according to Barnhardt, will affect the monies of all private individuals who have seen their deposit accounts wiped out in the collapse of firms like John Corzine’s MF Global and put all deposit account holders in the country at risk should their bank be faced with a financial windstorm:
Read More @ SHTFPlan.com
[Ed. Note: This red alert warning comes from Steve Quayle's international banking contact, V.]
… “Gauss Virus that is supposedly affecting the middle east has from my sources confirmed a “Stuxnet created for the banking system” has all the hallmarks of yet another Central Bank/Intelligence Agency operation.”
by V, Steve Quayle:
I will layout something that no else is talking about but is a big
issue. That issue is the fact the Russians are irate over the Euro
crisis. For you see they have had billions invested within financial
institutions and instruments in the Eurozone. They are also one of
Europes biggest natural gas supplier, so what do you get when all of a
sudden countries in the Eurozone can’t pay their bill and the
investments that you placed in Euro banks and their instruments go bust?
Simple you get angry, especially when NATO is at the same time putting
missile batteries at your doorstep to go along side with their dead beat
attitude towards paying their bill. All viewed as aggression by the
Russians.
The Russians will cut the gas supplies, this will happen in the next few months. This has the potential to be deemed as an act of war or aggression since Europeans are used to the idea of free handouts and or footing the bill to a later date. Back in June I stated that the elites have declared the Euro a collapsed currency (Unofficially of course). I will detail a bit further what are some of the signs of collapse, while the theater of austerity and promises is played out to the masses. After a currency is deemed dead by those that have the power, once they exit the pegs that are knocked from underneath the structure look like this:
Banks are all braced for collapse: This is happening in the Eurozone and the US as well. In fact US banks have been ordered to brace for a “October-November event”. This I detailed is the “OFFICIAL” collapse of the Euro. In the US the plans were done back in 2009 not two years ago as some would surmise. This collapse plan would allow JP Morgan and Goldman Sachs to acquire Bank of American and Citigroup.
Read More @ SteveQuayle.com
… “Gauss Virus that is supposedly affecting the middle east has from my sources confirmed a “Stuxnet created for the banking system” has all the hallmarks of yet another Central Bank/Intelligence Agency operation.”
by V, Steve Quayle:
I will layout something that no else is talking about but is a big
issue. That issue is the fact the Russians are irate over the Euro
crisis. For you see they have had billions invested within financial
institutions and instruments in the Eurozone. They are also one of
Europes biggest natural gas supplier, so what do you get when all of a
sudden countries in the Eurozone can’t pay their bill and the
investments that you placed in Euro banks and their instruments go bust?
Simple you get angry, especially when NATO is at the same time putting
missile batteries at your doorstep to go along side with their dead beat
attitude towards paying their bill. All viewed as aggression by the
Russians.The Russians will cut the gas supplies, this will happen in the next few months. This has the potential to be deemed as an act of war or aggression since Europeans are used to the idea of free handouts and or footing the bill to a later date. Back in June I stated that the elites have declared the Euro a collapsed currency (Unofficially of course). I will detail a bit further what are some of the signs of collapse, while the theater of austerity and promises is played out to the masses. After a currency is deemed dead by those that have the power, once they exit the pegs that are knocked from underneath the structure look like this:
Banks are all braced for collapse: This is happening in the Eurozone and the US as well. In fact US banks have been ordered to brace for a “October-November event”. This I detailed is the “OFFICIAL” collapse of the Euro. In the US the plans were done back in 2009 not two years ago as some would surmise. This collapse plan would allow JP Morgan and Goldman Sachs to acquire Bank of American and Citigroup.
Read More @ SteveQuayle.com
by Susanne Posel, Occupy Corporatism:
Kelly Keisling, Tennessee state Representative, is concerned that the Obama administration and the Department of Homeland Security (DHS) are planning events that will lead to “martial law”.
The DHS are seeking to hire “role players” for TSA and Air Marshall programs beginning in December 2012.
The use of role players facilitates training exercises for the US armed forces. Those same training exercises that were conducted during the 9/11 attacks which caused confusion and may have been the catalyst to allowing for the globalist-controlled destruction the Twin Towers to go through without disruption.
Private sector persons provided by the DHS could and probably would be used to create a false flag attack by their mere presence.
The solicitation and culmination of this possible coming false flag may be on or around the time of December 2012. With the assistance of Obama, as Commander-in-Chief, the suspension of the 2012 elections could be declared with an executive order for preservation of continuity of government.
The planned false flag attack, according to a DHS whistleblower , will be a staged assignation attempt on Obama that will be linked to a white supremacist group that will be used to incite black and Hispanic Americans into starting riots all across the nation.
Read More @ OccupyCorporatism.com
Kelly Keisling, Tennessee state Representative, is concerned that the Obama administration and the Department of Homeland Security (DHS) are planning events that will lead to “martial law”.
The DHS are seeking to hire “role players” for TSA and Air Marshall programs beginning in December 2012.
The use of role players facilitates training exercises for the US armed forces. Those same training exercises that were conducted during the 9/11 attacks which caused confusion and may have been the catalyst to allowing for the globalist-controlled destruction the Twin Towers to go through without disruption.
Private sector persons provided by the DHS could and probably would be used to create a false flag attack by their mere presence.
The solicitation and culmination of this possible coming false flag may be on or around the time of December 2012. With the assistance of Obama, as Commander-in-Chief, the suspension of the 2012 elections could be declared with an executive order for preservation of continuity of government.
The planned false flag attack, according to a DHS whistleblower , will be a staged assignation attempt on Obama that will be linked to a white supremacist group that will be used to incite black and Hispanic Americans into starting riots all across the nation.
Read More @ OccupyCorporatism.com
Peregrine Financial CEO Indicted On 31 Charges
It only took 20 years, a trail of counterfeit documents, superficial and failed audits, dubious tax returns and one unsuccessful suicide attempt, but in the end they got him: the CEO of failed commodity brokerage Peregrine aka PFG, Russell Wasendorf has been indicted on 31 charges of lying to government regulators regarding the failed brokerage's operations. He faces a maximum sentence of 155 years' imprisonment on the charges and fines of about $7.75 million, according to a statement from the U.S. Attorney's Office for the Northern District of Iowa. There is also that whole $215 million in commingled and subsequently stolen client money but that's another matter. In other words, just like Bernie Madoff, Wasendorf is going away for a long, long time for doing precisely what everyone else does: the first one for engaging in a ponzi even as now everyone acknowledges the entire system is one big ponzi - does that make it better and legitimate: apparently so; the second one for commingling client cash for personal benefit. As a reminder, this is what JPM did with $350 billion in excess deposit cash as part of its London whale trading fiasco, and broadly what every bank in the post Glass-Steagall world does with the roughly $8 trillion in total US bank deposits.Alan Simpson Confirms Reality: "All The Things You Love Will Not Come To Pass"
Conjuring
images of Jack Nicholson in 'A Few Good Men', Alan Simpson laid out
the sad and terrible truth that none of us or our politicians can
handle in a very direct and sincere interview with Bloomberg TV's Deirdre Bolton. "Medicare costs stand to squeeze out the rest of domestic government spending," Simpson said, "it is on automatic pilot. It will use up every resource in the government."
Simpson also said that the current path of debt, deficit and interest
is “totally unsustainable” confirming once again the facade that his 18
years in Washington proved to him that he "never saw any projection of any economist ever come true."
From Paul Ryan's plan to the 'simple math' of CBO budget projections,
and whether older Americans should be afraid, Simpson pulls no punches
as he sums up American society thus: "we don't care about our money,
all we want is more money for our money."Italy posts a huge increase in sovereign debt/Germany again reaffirms no more aid to Greece/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 1 hour ago
Good
evening Ladies and Gentlemen:
Gold closed down today by $10.10 to $1609.60. Silver fell by 30 cents
to $27.76 in a generally lacklustre day. The big news of the day came
from Italy which announced a huge increase in incremental national debt.
It is growing by 9.6 billion euros per month and today it almost
touches 2 trillion euros. Germany again reaffirms no more aid will be
forthcomingThe Keys To Understanding The Collapse Of The Status Quo - Credibility And Expectations
Can anyone seriously claim the European Union, the European Central Bank and its alphabet-soup programs still retain a shred of credibility? Every EU/ECB "save" is fictitious, every "fix" expedient, every promise empty, every face-saving summit a living lie. Ultimately, all the posturing, promises and saves come down to an impossibility: "rescuing" phantom assets purchased with astounding levels of debt by issuing even more astounding levels of debt. Does anyone truly believe this absurdity is anything more than a transparent fraud designed to extend the life of a failed, corrupt system constructed on fantasies and lies? Those with assets are fleeing for less fantastic and dangerous climes. The handful of French millionaires who are supposed to magically bail out a failed-state that absorbs 55% of GDP are busy transferring their assets out of France, a mass exodus of capital that is also playing out in China, where those who embraced the slogan "to get rich is glorious" are transferring their wealth, ill-gotten or well-earned, overseas. So vast is this outflow of wealth that for the first time the outflow of capital from China exceeds the inflow of investment capital. The smart money is exiting, and the last batch of credulous "China story" rubes are dumping their capital down a rathole.Your Complete, One-Stop Presidential Election Guide
With
less than three months to go, the outcome of the November election
remains highly uncertain. SocGen notes that, as always, economic
performance over the coming months will be a key determinant of who wins
and who loses. If the elections were held today, the most likely outcome would be a Republican win in both Congressional races and a Democratic win in the race for the White House.
This means that any new significant legislation will almost certainly
have to be a product of compromise. In this sense, we may very well be
looking at a status quo in terms of bipartisanship and gridlock which have dominated Washington politics over the past few years.
This would be bad news at a time when the country faces a number of
serious challenges with significant long-term implications. From the
economy to long-term fiscal health, and from the debt-ceiling to
Housing, Healthcare, and Energy policy differences, the following
provides a succinct review.How to Spot – and Defeat – Disruption on the Internet
08/13/2012 - 15:43
In an event that was devoid of the usual pomp and circumstance,
President Obama issued an Executive Order, (EO) that effectively handed
the Department of Homeland Security, (DHS) the ability to take complete
control over the internet, according to reports from VPNReviewz.
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from Jesse’s Café Américain:
Although I linked to this last week, I thought I would like to feature it today.In one of his rare appearances on the ‘mainstream media’ Bill Black educates the CNBC news anchor Maria Bartiromo and news contributor Bethany Maclean on the nature of financial fraud.
It is interesting to see the NBC news people acting as apologists for the financial powers, trotting out false arguments and talking over or rushing past the facts when they are presented. At least Bloomberg is more straightforward in their presentation of blatant hucksterism, making little pretense to journalism or presenting any other side of the Wall Street story. They are salespeople and spokesmodels for the financial industry and the monied interests.
Read More @ Jesse’s Café Américain:
from Howard Beale, Activist Post
I have an eerie feeling that the elite control freaks are preparing something big to make all of their sinister dreams come true in one shot. We know they want war with Iran, control over the Internet, and economic collapse on their own terms. So what would be the one act that could make all this happen?
There is one event that can bring all of this about: a false flag cyber attack on Western banking institutions that they can pin on Iran.
They would be able to blame an economic crash on this attack instead of the problems inherent in the system, while getting all the motive they need to impose draconian Internet controls and justifying war on Iran. It’s a triple whammy.
Read More @ Activist Post
I have an eerie feeling that the elite control freaks are preparing something big to make all of their sinister dreams come true in one shot. We know they want war with Iran, control over the Internet, and economic collapse on their own terms. So what would be the one act that could make all this happen?
There is one event that can bring all of this about: a false flag cyber attack on Western banking institutions that they can pin on Iran.
They would be able to blame an economic crash on this attack instead of the problems inherent in the system, while getting all the motive they need to impose draconian Internet controls and justifying war on Iran. It’s a triple whammy.
Read More @ Activist Post
by Economic Policy Journal:
Money has been pouring into Paul Ryan campaign coffers in far greater amounts than most congressman.
OpenSecrets.org provides this chart of the Paul Ryan money flow:
The money has mostly come from large contributors not individuals. Only 14% of his contributions come from individuals. This doesn’t happen to a true small government advocate. Who has been making contributions to Ryan?
Money has been pouring into Paul Ryan campaign coffers in far greater amounts than most congressman.OpenSecrets.org provides this chart of the Paul Ryan money flow:
The money has mostly come from large contributors not individuals. Only 14% of his contributions come from individuals. This doesn’t happen to a true small government advocate. Who has been making contributions to Ryan?
According to Open Secrets, it’s the usual suspects. The top ten sectors that have donated to Ryan are:
3 Insurance
from CapitalAccount:
Welcome to Capital Account. Mitt Romney has anointed Paul Ryan as his running mate for his presidential bid in 2012. What does this VP choice really mean for free market capitalism and fiscal reform, the pillars of Mitt Romney’s electoral platform? We ask Market Ticker’s Karl Denninger, if Paul Ryan really has a plan to reign in the debt, and if Denninger, as a libertarian, is excited about Ryan as a Vice President or if he is just another establishment politician.
Plus, as we see analyses of plans to reign in government deficits, we wonder if any of the plans really do this or if they just shift the costs and fail to address the actual problems? We talk to Karl Denninger, author of “Leverage: How Cheap Money Will Destroy the World,” about Ryan’s budget, addressing Medicare and Medicaid.
One surprise addition to the Romney-Ryan ticket is Ayn Rand, the supposedly tax-hating, capitalism loving, libertarian-inspiring, objectivist philosopher. Although Paul Ryan has recently publicly distanced himself from Ayn Rand, that’s neither here nor there (he is a politician after all). And so, many are dissecting the Rand-inspiration Ryan has cited publicly over the years. We thought we should look at how her objectivist, anti-socialist ideology has manifest itself in Ryan’s record so far: Paul Ryan voted for subsidizing the banks with TARP, voted for the prescription drugs in Medicare Part D, and gave a greenlight to the Iraq war, which added billions to the deficit he purports to want to cut. How’s that for socking it to the government looters and moochers?
Also remember the time you helped launder money for an entity the government had imposed sanctions on, and got called out by authorities? And then you fired back, somehow leaking to the press that your lawyers thought you could sue for reputational damage, and you ended up settling charges and continuing on as usual? No? Maybe because that would never happen to an individual, but if you’re a big bank, you can get away with it. We talk to Karl Denninger about Standard Chartered, banks and the rule of law, or lack-there-of, in this country.
from TrimTabs:
Welcome to Capital Account. Mitt Romney has anointed Paul Ryan as his running mate for his presidential bid in 2012. What does this VP choice really mean for free market capitalism and fiscal reform, the pillars of Mitt Romney’s electoral platform? We ask Market Ticker’s Karl Denninger, if Paul Ryan really has a plan to reign in the debt, and if Denninger, as a libertarian, is excited about Ryan as a Vice President or if he is just another establishment politician.
Plus, as we see analyses of plans to reign in government deficits, we wonder if any of the plans really do this or if they just shift the costs and fail to address the actual problems? We talk to Karl Denninger, author of “Leverage: How Cheap Money Will Destroy the World,” about Ryan’s budget, addressing Medicare and Medicaid.
One surprise addition to the Romney-Ryan ticket is Ayn Rand, the supposedly tax-hating, capitalism loving, libertarian-inspiring, objectivist philosopher. Although Paul Ryan has recently publicly distanced himself from Ayn Rand, that’s neither here nor there (he is a politician after all). And so, many are dissecting the Rand-inspiration Ryan has cited publicly over the years. We thought we should look at how her objectivist, anti-socialist ideology has manifest itself in Ryan’s record so far: Paul Ryan voted for subsidizing the banks with TARP, voted for the prescription drugs in Medicare Part D, and gave a greenlight to the Iraq war, which added billions to the deficit he purports to want to cut. How’s that for socking it to the government looters and moochers?
Also remember the time you helped launder money for an entity the government had imposed sanctions on, and got called out by authorities? And then you fired back, somehow leaking to the press that your lawyers thought you could sue for reputational damage, and you ended up settling charges and continuing on as usual? No? Maybe because that would never happen to an individual, but if you’re a big bank, you can get away with it. We talk to Karl Denninger about Standard Chartered, banks and the rule of law, or lack-there-of, in this country.
from TrimTabs:
by Susanne Posel, Occupy Corporatism:
At a meeting
with Ahmet Davutoglu, Turkish Foreign Minister, and the Free Syrian
Army (FSA), Hillary Clinton, US Secretary of State, said: “Fresh
sanctions slapped by the United States are meant to expose and disrupt
links between Iran, Hezbollah and Syria.”
Clinton assured her cohorts that the “number one goal” of Washington and Ankara was to hasten the end of Bashar al-Assad’s regime” and that the three of them “need to take joint efforts to prevent a power vacuum from being formed.”
Clinton’s words reflect the fact that the US and Turkey are scheming to create scenarios of war against Syria that include a chemical attack.
Read More @ OccupyCorporatism.com
At a meeting
with Ahmet Davutoglu, Turkish Foreign Minister, and the Free Syrian
Army (FSA), Hillary Clinton, US Secretary of State, said: “Fresh
sanctions slapped by the United States are meant to expose and disrupt
links between Iran, Hezbollah and Syria.”Clinton assured her cohorts that the “number one goal” of Washington and Ankara was to hasten the end of Bashar al-Assad’s regime” and that the three of them “need to take joint efforts to prevent a power vacuum from being formed.”
Clinton’s words reflect the fact that the US and Turkey are scheming to create scenarios of war against Syria that include a chemical attack.
Read More @ OccupyCorporatism.com
by John Rubino, DollarCollapse.com:
Meredith Whitney was an obscure Oppenheimer & Co. bank analyst back in 2008 when she broke from the pack and predicted Armageddon. She was right, the pack was wrong, and she parlayed her new-found fame into a research boutique of her own.
Last year she went for it again, predicting that the next big crisis would be in municipal bonds, as U.S. cities, counties and states ran out of money and started defaulting. This call didn’t pan out as quickly:
Meredith Whitney was an obscure Oppenheimer & Co. bank analyst back in 2008 when she broke from the pack and predicted Armageddon. She was right, the pack was wrong, and she parlayed her new-found fame into a research boutique of her own.
Last year she went for it again, predicting that the next big crisis would be in municipal bonds, as U.S. cities, counties and states ran out of money and started defaulting. This call didn’t pan out as quickly:
Meredith Whitney Loses Credibility as Muni Defaults Fall 60%
July 15, 2011 — Time is running out on the credibility of Meredith Whitney, who has yet to acknowledge that her eight-month-old prediction of widespread defaults this year in the market for state and local government debt is proving unfounded.
Read More @ DollarCollapse.com
from KingWorldNews:
Today James Turk told King World News, “I had the chance to read John Embry’s comments today on KWN about the tightness in the physical gold market, and I wholeheartedly agree with him.” Turk also said, “This tightness is further evidence of the backwardation in the gold market I spoke about in our last interview. The most powerful rallies are the ones driven by a tight gold market, and that is exactly what we see right now.”
Here is what Turk had to say: “Both gold and silver don’t appear to be doing much since we last spoke, Eric, but appearances can sometimes be misleading. The action in the precious metals over the past couple of weeks has been very constructive, and here’s the important point. Slowly but steadily gold has been pulling away from $1580, while silver has been pulling away from $27. As I have been saying, I think those prices are history. We won’t see them again.”
Turk continues @ KingWorldNews.com
Today James Turk told King World News, “I had the chance to read John Embry’s comments today on KWN about the tightness in the physical gold market, and I wholeheartedly agree with him.” Turk also said, “This tightness is further evidence of the backwardation in the gold market I spoke about in our last interview. The most powerful rallies are the ones driven by a tight gold market, and that is exactly what we see right now.”
Here is what Turk had to say: “Both gold and silver don’t appear to be doing much since we last spoke, Eric, but appearances can sometimes be misleading. The action in the precious metals over the past couple of weeks has been very constructive, and here’s the important point. Slowly but steadily gold has been pulling away from $1580, while silver has been pulling away from $27. As I have been saying, I think those prices are history. We won’t see them again.”
Turk continues @ KingWorldNews.com
from Staff Report, The Daily Bell:
The Economic Dimension of Ecovillages … As local groups and communities create their own local scrip currencies and exchange systems, they learn about economist’s deepest secret: money and information are equivalent – and neither is scarce! – Hazel Henderson
Dominant Social Theme: “Austrianism” is a bad tool of the Rothschilds but paper money alternatives are good tools of the UN’s Agenda 21.
Free-Market Analysis: Why is there so much cooperation between what we call “paper money promoters,” green movements and the UN?
Last week we reported on this curious relationship, and since we were curious to see how much of a trend there was, we spent a little more time looking into it. You can see our previous article here:
Are ‘Green’ Reciprocal Exchange and Credit Systems Part of a Larger Elite Promotion?
Now, in fact, we’ve found many more of these linkages … along with an article in Britain’s leading socialism journal accusing these sorts of promoters as “infiltrating” the green movement. (See other article, this issue.)
Read More @ TheDailyBell.com
The Economic Dimension of Ecovillages … As local groups and communities create their own local scrip currencies and exchange systems, they learn about economist’s deepest secret: money and information are equivalent – and neither is scarce! – Hazel Henderson
Dominant Social Theme: “Austrianism” is a bad tool of the Rothschilds but paper money alternatives are good tools of the UN’s Agenda 21.
Free-Market Analysis: Why is there so much cooperation between what we call “paper money promoters,” green movements and the UN?
Last week we reported on this curious relationship, and since we were curious to see how much of a trend there was, we spent a little more time looking into it. You can see our previous article here:
Are ‘Green’ Reciprocal Exchange and Credit Systems Part of a Larger Elite Promotion?
Now, in fact, we’ve found many more of these linkages … along with an article in Britain’s leading socialism journal accusing these sorts of promoters as “infiltrating” the green movement. (See other article, this issue.)
Read More @ TheDailyBell.com
from Silver Vigilante:
“I’m an outspoken defender of the truth,” JPMorgan CEO Jamie Dimon feverishly maintains in an interview published
today. In the interview, he continuously contends that the press and
the country have it all wrong about JP Morgan. He seemingly separates JP
Morgan out from the current-leading American banking foe of Europe,
Goldman Sachs, and the other Too Big To Fail financials. His is a good
company, and American company. Behind the peppy, defensive surface – the
interviewer likens Dimon to an overgrown frat boy – the bank has spent
billions in litigation, as the lawsuits and investigations pertaining to
JPMorgan fill eight-pages of the firm’s quarterly filing (10Q), more
than 9,000 words.
Banks, their corrupted bravado, and the talk of their being responsible for the world’s woes since 2008, has led me, and I am sure plenty others, to increased drinking. Macallan’s 12, Pinot Noir, India Pale Ale’s. Green Tea. Whatever. But, what many oftentimes forget to remember is the basic truth that this is the way that it’s always been. Jesus even had banks and bankers on his shit-list.
Somebody needs to get this information to Jamie Dimon, stat. His delusion that JPMorgan is different from the rest of his industry is clearly a danger to the country. He is delusional to think that his company has not historically helped to grease the wheels of the highest levels of fraud in history.
Read More @ Silver Vigilante
“I’m an outspoken defender of the truth,” JPMorgan CEO Jamie Dimon feverishly maintains in an interview published
today. In the interview, he continuously contends that the press and
the country have it all wrong about JP Morgan. He seemingly separates JP
Morgan out from the current-leading American banking foe of Europe,
Goldman Sachs, and the other Too Big To Fail financials. His is a good
company, and American company. Behind the peppy, defensive surface – the
interviewer likens Dimon to an overgrown frat boy – the bank has spent
billions in litigation, as the lawsuits and investigations pertaining to
JPMorgan fill eight-pages of the firm’s quarterly filing (10Q), more
than 9,000 words.Banks, their corrupted bravado, and the talk of their being responsible for the world’s woes since 2008, has led me, and I am sure plenty others, to increased drinking. Macallan’s 12, Pinot Noir, India Pale Ale’s. Green Tea. Whatever. But, what many oftentimes forget to remember is the basic truth that this is the way that it’s always been. Jesus even had banks and bankers on his shit-list.
Somebody needs to get this information to Jamie Dimon, stat. His delusion that JPMorgan is different from the rest of his industry is clearly a danger to the country. He is delusional to think that his company has not historically helped to grease the wheels of the highest levels of fraud in history.
Read More @ Silver Vigilante
from TheSurvivalMom.com:
It’s just like camping. It’s nothing like camping. When you go camping, if you can’t take a shower for a couple of days…no problem, you’ll take one when you get home. This will be your home, and you’ll have to figure out how to keep your body (and clothing) clean all year long, in the cold, snow or wind. On a camping trip, you can live without anything for a couple of days, even weeks, and you can always jump back in the car and go to the nearest grocery store to pick up what you need. What if there were no grocery store available? How will you feel when your daily habits are interrupted, not just for a few days trip, but for the foreseeable future?
You can buy enough food and supplies for forever. No, someday what you have will run out. You’ll have to learn to grow and/or gather new food supplies and to learn to use what you have, even if that means pancakes without baking powder. Someday you will have to wipe your butt with a washable rag instead of disposable toilet paper. Someday there will be no gas to get to the store and the store won’t have anything on the shelves anyway.
Your neighbors will gather around and help each other. Think about your neighbors who haven’t got a clue, or can’t bear the thought, of their comfy suburban lives changing when the reality of where society is going hits them, “upside the head”. What if your neighbors can’t get their daily supply of cigarettes, beer, Prozac, soda pop, etc., etc., etc.? Are they going to be the kind of people you can depend on? For how long?
Read More @ TheSurvivalMom.com
It’s just like camping. It’s nothing like camping. When you go camping, if you can’t take a shower for a couple of days…no problem, you’ll take one when you get home. This will be your home, and you’ll have to figure out how to keep your body (and clothing) clean all year long, in the cold, snow or wind. On a camping trip, you can live without anything for a couple of days, even weeks, and you can always jump back in the car and go to the nearest grocery store to pick up what you need. What if there were no grocery store available? How will you feel when your daily habits are interrupted, not just for a few days trip, but for the foreseeable future?
You can buy enough food and supplies for forever. No, someday what you have will run out. You’ll have to learn to grow and/or gather new food supplies and to learn to use what you have, even if that means pancakes without baking powder. Someday you will have to wipe your butt with a washable rag instead of disposable toilet paper. Someday there will be no gas to get to the store and the store won’t have anything on the shelves anyway.
Your neighbors will gather around and help each other. Think about your neighbors who haven’t got a clue, or can’t bear the thought, of their comfy suburban lives changing when the reality of where society is going hits them, “upside the head”. What if your neighbors can’t get their daily supply of cigarettes, beer, Prozac, soda pop, etc., etc., etc.? Are they going to be the kind of people you can depend on? For how long?
Read More @ TheSurvivalMom.com
from Global Research:
In early August, the FDIC1 and the Fed2 issued a “Notice of Proposed
Rulemaking” stating that it intends to adopt the Basel III3 capital
requirements. The document is 250 pages long and is available on line;
http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20120607a1.pdf
It is important to analyze the potential implications of this document. Previous actions of the Basel Committee have had significant impact.
One commentator summarized this pending rule change this way; ‘If this new rule is adopted as proposed, gold would shift… by the year 2015… (to) eventually place gold at the heart of global currency and payment systems — seemingly a shift back towards a gold standard. This action is a strong confirmation that gold’s primary trend will likely continue.’
A Brief History of the Basel Committee.
The central bank governors of the Group of Ten countries (Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, the United States, Germany and Sweden) meet from time to time. They signed the Smithsonian Agreement (Dec. 1971, the time of Richard Nixon) replacing the world’s fixed exchange rate (IE a dollar is worth a fixed amount of gold) with a floating exchange rate. The effect of the agreement was the abolition of the US dollar’s convertibility into gold making the dollar effectively a fiat currency (IE not backed by gold…. of no fixed value). The US went off the gold standard.
Read More @ GlobalResearch.ca
In early August, the FDIC1 and the Fed2 issued a “Notice of Proposed
Rulemaking” stating that it intends to adopt the Basel III3 capital
requirements. The document is 250 pages long and is available on line;
http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20120607a1.pdfIt is important to analyze the potential implications of this document. Previous actions of the Basel Committee have had significant impact.
One commentator summarized this pending rule change this way; ‘If this new rule is adopted as proposed, gold would shift… by the year 2015… (to) eventually place gold at the heart of global currency and payment systems — seemingly a shift back towards a gold standard. This action is a strong confirmation that gold’s primary trend will likely continue.’
A Brief History of the Basel Committee.
The central bank governors of the Group of Ten countries (Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, the United States, Germany and Sweden) meet from time to time. They signed the Smithsonian Agreement (Dec. 1971, the time of Richard Nixon) replacing the world’s fixed exchange rate (IE a dollar is worth a fixed amount of gold) with a floating exchange rate. The effect of the agreement was the abolition of the US dollar’s convertibility into gold making the dollar effectively a fiat currency (IE not backed by gold…. of no fixed value). The US went off the gold standard.
Read More @ GlobalResearch.ca
from KingWorldNews:
Today John Embry, who is Chief Investment Strategist of Sprott Asset
Management, spoke with King World News about the shockingly tight
physical gold market. He also discussed Europe, the United States,
stocks and silver. Here is what he had to say: “The US stock market
has been levitating over 13,000 for a bit, and I was struck by an
article in the NY Times which featured Jack Bogle, who started Vanguard
Funds. Jack said, ‘It’s urgent that people wake up because this is the
worst time for investors that he’s ever seen, and he’s been in the
business for more than 60 years.
When you put what he said together with the fact that the VIX is at the lowest level since 2007, they contradict each other. But I would be inclined to go with Bogle. It’s my firm belief that the stock market is being supported by the PPT (Plunge Protection Team).
Right now I think the market is extraordinarily vulnerable to the realities of what’s going on in the world….”
Embry continues @ KingWorldNews.com
Today John Embry, who is Chief Investment Strategist of Sprott Asset
Management, spoke with King World News about the shockingly tight
physical gold market. He also discussed Europe, the United States,
stocks and silver. Here is what he had to say: “The US stock market
has been levitating over 13,000 for a bit, and I was struck by an
article in the NY Times which featured Jack Bogle, who started Vanguard
Funds. Jack said, ‘It’s urgent that people wake up because this is the
worst time for investors that he’s ever seen, and he’s been in the
business for more than 60 years.When you put what he said together with the fact that the VIX is at the lowest level since 2007, they contradict each other. But I would be inclined to go with Bogle. It’s my firm belief that the stock market is being supported by the PPT (Plunge Protection Team).
Right now I think the market is extraordinarily vulnerable to the realities of what’s going on in the world….”
Embry continues @ KingWorldNews.com
from Jesse’s Café Américain:
“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”
From the original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834,
from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels.
“…It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society-the farmers, mechanics, and laborers-who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses.”
Read More @ Jesse’s Café Américain:
“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”
From the original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834,
from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels.
“…It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society-the farmers, mechanics, and laborers-who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses.”
Read More @ Jesse’s Café Américain:
from Tim Brown, Freedom Outpost via The Daily Sheeple:
The Tom Joyner Morning Show welcomed Michelle Obama and spoke to her about getting out the vote for her husband Barry. Rather than being somewhat uplifting and encouraging about getting out the vote, she decided to insult people. She also distorted the facts of the race and claimed it is between grassroots Democrats and a few rich Republicans. This is typical of the Obamas so I’m sure no one is surprised.
Obama said in her interview:
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The Tom Joyner Morning Show welcomed Michelle Obama and spoke to her about getting out the vote for her husband Barry. Rather than being somewhat uplifting and encouraging about getting out the vote, she decided to insult people. She also distorted the facts of the race and claimed it is between grassroots Democrats and a few rich Republicans. This is typical of the Obamas so I’m sure no one is surprised.
Obama said in her interview:
“All of us know that one person in our lives — that one knucklehead nephew that’s not registered to vote. That one neighbor who’s not really paying attention. That one coworker who’s confused about how Barack’s tax plan will benefit that individual. Those are going to be the conversations that make the difference.”
Read More @ TheDailySheeple.com
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