Financial Crime is Now a Business Model, and Hyperinflation is a 100% Certainty: Ron Hera

Ron Hera of Hera Research.com joins me for an in-depth conversation about what he calls ‘the computer generated dream world’ in which we live, where financial CRIME has become a business model. The TBTF road is paved with currency debasement and the mathematical certainty of HYPERINFLATION in the United States sometime between 2016 – 2020. These are not facts for the timid – the road we are on will spell financial doom for the average American. The question is, how poor will Americans have to become before we find the collective political will to bring an end to this epic criminality?

Part 1

Part 2

Libor May Be Manipulated, But Silver Is Not, CFTC To Conclude

In what may be the most amusing news of the day, according to the FT the CFTC will shortly drop its 4 year old investigation into silver manipulation, "after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation." How about evidence to support an "illegal" case? Of course, that this is happening after the recent discovery that the world's most pervasive fixed income benchmark was manipulated for years, if not decades, can only be reason for laughter and wonder if the CFTC used the same assiduous diligence methods in pursuing the alleged perpetrators of precious metal manipulation as it did in letting the fraud at PFG slip through its fingers for two decades. We will probably never know, or at least not until an email mentioning bottles of Bollinger and silver price "fixing" in the same sentence inexplicably turns up and makes a complete mockery of the CFTC yet again.

Ranting Andy on ‘Gold as Money’ and What to Do Now to Protect Yourself Before It’s Too Late

from Anthony Wile, The Daily Bell:

The Daily Bell is pleased to present this exclusive interview with Andy Hoffman (left).
Introduction: Andrew (“Andy”) Hoffman, CFA joined Miles Franklin as marketing director in October 2011. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics under the moniker “Ranting Andy.” Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. An archive of Andy’s “RANTS” can be found on the Miles Franklin Blog.
Daily Bell: Hi. Biographies about you are hard to find. Give us a sense of where you came from, how you ended up at Miles Franklin and what you do for them.
Andy Hoffman: I guess it’s because I’m so SECRETIVE. Just kidding. I’ve been writing publicly about precious metals for nearly a decade and am very candid about my beginnings. I’m from Long Island, New York but moved to Denver five years ago. I received my CFA 15 years ago, and worked on Wall Street from my first internship at Paine Webber in 1989 until I left the business for good in 2005. I was a bond broker at Cantor Fitzgerald for three years, a buy-side analyst/trader for two years and a sell-side analyst covering oilfield service stocks for seven, the last six at Salomon Smith Barney, where my team was one of the industry’s top-ranked for four straight years.
Read More @ TheDailyBell.com

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Knight To See Another Day Following 60%+ Convertible Dilution

According to CNBC's David Faber, Knight Capital will live at least for another day and avoid bankruptcy. Instead, it will experience dilution which will make its equityholders almost wish the company was filing. Knight, via Jefferies, is about to stick its shareholders with a massive dilution following the issuance of a $400 million convert bond at a $1.50 conversion price, or more than 60% dilution from Friday's $4.05 closing price. This means the pro forma share count will soar from 90 million to 350 million upon conversion, which as David Faber says, will take place promptly by all members of the syndicate after 10 business days. In other words, KCG just issued stock at a ~63% discount to new money.




As a Reminder: The Private Sector is Doing Fine

Posted by: CrownThomas

Post date: 08/05/2012 - 12:05

As we were told by our President, the private sector economy is doing fine. Sometimes, however, facts get in the way of propaganda.

Rumsfeld: Israel needn’t notify US about strike

by Yitzhak Benhorin, YNet News via Infowars:

While US Defense Secretary Leon Panetta attempted to convince top Israeli politicians and security officials not to launch a strike on Iran’s nuclear facilities during his visit to Israel last week, his predecessor Donald Rumsfeld, seems more prepared for a possible attack.
In an interview with Fox News, the former US Defense Secretary said “the prime minister of Israel, Netanyahu, is probably correct. Sanctions tend not to work very well over a long period of time.”
Rumsfeld, who served as secretary of defense during both the Ford and Bush administrations, told Fox that “Israel’s intelligence on Iran is excellent.” He further denied the claims that an attack on Iran’s nuclear facilities would not yield any results.
Read More @ Infowars.com

Democrats Versus Military Voters: Not the First Time

by Joel B. Pollak, Breitbart:
Last Thursday, Breitbart News’ Mike Flynn broke the news that the Obama campaign was suing in the swing state of Ohio to block a law that extends early voting for members of the military for an additional three days. A fierce battle erupted, with Democrats (and a few conservatives) arguing that Obama campaign was simply trying to extend the military’s privilege to everyone else. Regardless of the remedy they seek, Flynn points out, they are suing to end an exemption for military voters. It would not be the first time Democrats–who pretend, in their fight against voter ID, to want more ballot access–have tried to stop the military’s votes from counting.
In 2008, for example, the State of Virginia (a critical swing state in 2012) had failed to send absentee ballots to members of the military on active duty in time for them to complete the ballots and return them before the election. When the campaign of Republican nominee Sen. John McCain sued to compel the state to count military ballots that had arrived after election day, the State Board of Elections–then run by Democrats, appointed by a Democratic governor–argued, effectively, that it could send absentee ballots to the military a day before the election and still be in compliance with the law. As RedState’s Soren Dayton put it:

…the Democratic Chairwoman of the Virginia State Board of Election (appointed by the Democratic National Committee Chair Tim Kaine, in his capacity as Virginia Governor) Jean Cunningham just claimed a legal basis for massively raising the barrier to voting for soldiers at war.

The Department of Justice (then still run by fair-minded appointees of George W. Bush, and not yet part of the Democrats’ voter-fraud-and-intimidation-machine) replaced the McCain campaign, which faced problems of legal standing, as plaintiff in the lawsuit. Eventually, the federal court ruled that Virginia had indeed violated federal law–but that the number of missing votes would not have changed the outcome of the election.
Read More @ Breitbart.com

Kevlar Tires Now Required to Traverse ‘Spear-Like’ GMO Crops

from Anthony Gucciardi, Activist Post

The news surrounding GMO crops continues to get further and further outlandish as the crops are increasingly mutated and sprayed with a medley of harsh pesticides, herbicides, and insecticides. The latest news comes from an unlikely source — an automotive publication known as Autoblog.
The website reports that farmers who have opted to plant Monsanto’s genetically modified seeds have run into one daunting problem (outside of decreased yields and an extremely higher risk of disease): little ‘spear-like’ stalks from the harvested GMOs are absolutely wreaking havoc on the heavy duty tractor tires.
Described by one farmer as a ‘field of little spears’, farmers are now turning to kevlar tires. In case you’re not aware, kevlar is the same material used in bulletproof vests to protect from gun bullets.
Read More @ Activist Post

Gov’t Drone Use Upheld by Lower Court; Gun Control Agenda Set to Advance at Break Neck Speed!

from FreedomlinkRadio:

Joe Joseph and Gwen Caldwell discuss two subjects that should be on EVERYONE’s radar screen. The first: Drones… a lower court in N. Dakota has upheld the use of drones against a farmer who was suspected of cattle rustling. The Sheriff utilized a Dept. of Homeland Security Drone to aid him in the raid and to conduct surveillance prior to the raid. They also discuss the latest in regards to the rapid advancement of the gun control agenda. It appears that “they” see civil unrest on the near horizon.

50% of Americans Are Now At Or Below the Poverty Line

from Silver Vigilante:
As I covered earlier, CNN reported the following:
Some 28% of workers are expected to hold low-wage jobs in 2020, roughly the same percentage as in 2010, according to a study by the Economic Policy Institute.
The study defines low-paying jobs as those with wages at or below what full-time workers must earn to live above the poverty level for a family of four. In 2011, this was $23,005, or $11.06 an hour.

The truthiness in the CNN article of course comes along with political shades. The purpose of the article is not to potentially beat down the spirit of the reader, but is also to smear the numbers and the direness in which the U.S. finds itself.

But, as the propaganda fails to scramble minds of the population with gobbledygook, the real numbers are coming out, and the direness is well known. The article cites a study which states that “28% of workers” are expected to toil under a magnet to the system, the low-wage. That means that 1/4 of workers will be in 2020, and were in 2010, at the poverty line according to the government’s number. But, the key to this sentence is isolating the variable of “workers” which does not mean the entire population of $315 million. The article obfuscates therefore the issue completely by not factoring in the official unemployment number – official numbers are what the axiomatically problematic study is based – which is $8.3%, although that number was adjusted down to 8.254% as if by jester by a pronouncement on the White House website. The article, in other words, totally fails at truly expressing the gravity of the U.S.’s current reality.

Read More @ Silver Vigilante

The federal government is spying on every single American, say NSA whistleblowers

by Ethan A. Huff, Natural News:
Two former high-ranking officials at the U.S. National Security Agency (NSA), a federal bureaucracy that collects data and intelligence on foreign communications for national security purposes, have come forward with allegations that the NSA actively monitors Americans as well. According to testimonies from both Thomas Drake, a former NSA senior official, and Kirk Wiebe, a former NSA senior analyst, the agency actively monitors and collects intelligence on every single American as part of a massive spying operation.

RT.com first broke the story after Drake and Wiebe, on two recent but separate occasions, disclosed inside information about the NSA’s spying activities to reporters. During a recent interview with Eliot Spitzer, host of Current TV’s “Viewpoint” program, Drake explained how the 9/11 terrorist attacks were a catalyst for redefining America as a “foreign nation” in order to legitimize unwarranted surveillance of innocent Americans — and he says this backdoor spying program continues to this day.

“When you open up the Pandora’s Box of just getting access to incredible amounts of data, for people that have no reason to be put under suspicion, no reason to have done anything wrong, and just collect all that for potential future use or even current use, it opens up a real danger,” said Drake during the interview.
Read More @ NaturalNews.com

Bank to say economy is at standstill

by Angela Monaghan, The Telegraph:
The Bank of England is poised to sharply downgrade growth and inflation forecasts amid a weak economy hit by the eurozone crisis and slowing domestic demand.
The Bank is expected to say in its August Inflation Report that the British economy will come to a standstill this year with virtually zero growth in 2012 as a whole, opening the door to more stimulus in the coming months.
Just three months ago it was forecasting growth of around 0.7pc this year, as was the Government’s independent fiscal watchdog, the Office for Budget Responsibility.
The new forecasts, to be presented by the Bank’s Governor Sir Mervyn King on Wednesday, are also expected to show a sharp downgrade of growth prospects for 2013, to about 1.5pc, down from more than 2pc in May.
The Bank’s move is set to be the latest in a series of downgrades since the beginning of the year. Sir Mervyn is likely to highlight the risk to the UK economy posed by the eurozone’s crisis.
“The Bank of England started the year with a glass half-full – looking for the economy to grow by more than 1pc on average,” said Alan Clarke, economist at Scotiabank.
Read More @ Telegraph.co.uk

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