Ron Paul: "I Don't Fully Endorse Romney For President"
On
the 'new' eve of the Republican Convention, it appears all is not well
in the Romney-Ryan ranks. In what is quite a stunning admission,
though not entirely surprising given his outspoken desire for a change to the status quo, the NY Times
is reporting that Ron Paul does not fully endorse Romney for President.
Mr. Paul, said convention planners had offered him an opportunity to
speak under two conditions: that he deliver remarks vetted by the Romney
campaign, and that he give a full-fledged endorsement of Mr. Romney.
He declined. "It wouldn't be my speech," Mr. Paul said. "That would undo everything I’ve done in the last 30 years. I don’t fully endorse him for president."
Whether this is Paul playing an admirable 'long-game' and/or standing
by his libertarian roots (or angry at his apparent marginalization) is
unclear but one thing is for sure; with the dominance of 'young' voters
(seeking 'change'?) behind Ron Paul relative to 'old' voters with
Romney, this rebuff will not help in the fight against TOTUS. As BigStory reports, Paul is telling his supporters to stand firm because "we will become the tent eventually!"
by The Doc, Silver Doctors:
Gold and silver have extended last week’s rallies in early Globex trading prior to Monday’s Asian open, with gold popping to $1675, and silver clearing $31.
Friday’s bearish looking COT reports notwithstanding, both metals are now above key averages, with the price for both metals trading ABOVE their respective 20 DMA, 50 DMA, 100 DMA, and 200 day moving averages. This should result in heavy momentum buying by the funds and algos on Monday and Tuesday, and should see gold and silver continue their rallies from last week.
Look for silver to encounter resistance in the $31.50-$32 range, as the metals has now made a $4 vertical move higher without any significant correction. Silver’s coming correction should take it back near $30, which we expect to hold as support, and would provide an excellent stacking opportunity if and when such a correction presents itself.
Read More @ Silver Doctors
Gold and silver have extended last week’s rallies in early Globex trading prior to Monday’s Asian open, with gold popping to $1675, and silver clearing $31.
Friday’s bearish looking COT reports notwithstanding, both metals are now above key averages, with the price for both metals trading ABOVE their respective 20 DMA, 50 DMA, 100 DMA, and 200 day moving averages. This should result in heavy momentum buying by the funds and algos on Monday and Tuesday, and should see gold and silver continue their rallies from last week.
Look for silver to encounter resistance in the $31.50-$32 range, as the metals has now made a $4 vertical move higher without any significant correction. Silver’s coming correction should take it back near $30, which we expect to hold as support, and would provide an excellent stacking opportunity if and when such a correction presents itself.
Read More @ Silver Doctors
by Jim Kouri, Examiner:
The financial institution executive who was in charge of the “independent probe” that ended up absolving the Obama Administration for wasting billions of taxpayers’ dollars spent on green energy schemes was neither bi-partisan or non-partisan, but a big contributor to the Obama reelection campaign, according to a report by a Washington, D.C., public-interest group that investigates corruption.
According to a report on Friday, Herbert Allison’s role as a special investigator of the Department of Energy’s stimulus-funded loan program that is sparking curiosity. Not long after Allison determined that billions in taxpayer dollars invested in Obama-favored “green” technology companies were at nominal risk, “he made campaign donations — big ones — to the Democratic National Committee and the president’s re-election efforts,” officials at the National Legal and Policy Center claim.
Read More @ Examiner.com
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I'm PayPal VerifiedWhich Asset Classes Are Most Vulnerable To 'Policy' Disappointment?
The
lull in market activity over the past weeks is poised to give way to a
multitude of events that could potentially determine the market
direction for the remainder of the year. Policy responses from both
sides of the Atlantic are awaited, though nuances rather than headlines
may be more important. In the short run however, Deutsche Bank notes some indicators suggest that risky assets may be vulnerable.
Specifically, relative to fundamentals they also find that the US
equity rally over the past quarter has now been excessive relative to
the US economic leading indicators. Looking at cross asset valuations by
comparing the level of asset prices today vs. their peaks and troughs
since Sep-2008 we also find that the S&P500 appears to be the richest relative to fundamentals.Good Riddance
Simple equation:free, open uncontrollable Internet versusshackled newspapers equals no newspapers. Let's get real.A beautiful post from Murdoch disclosing fully and unashamedly the big media agenda; the use of state power to shut down more efficient and better competition. Newspapers can survive by being creative and compelling, Murdoch. Just because your revenues are nosediving doesn’t mean that we should all lose our freedom to pay for your success.
— Rupert Murdoch(@rupertmurdoch) August 26, 2012
On Sub-Pennying, 'Internalizers', And Why The Flash Crash Could Happen Any Second Of Any Day
Nanex's excellent and thorough analysis of sub-penny trade data doesn't support SEC's conclusions about internalizers as written in the final flash crash report.
There is abundant evidence that internalizer software was acutely
sensitive to the integrity of the consolidated feed and would switch
off internal matching only if and only when the quote was crossed.
Furthermore, short term volatility had little, if any impact on the
number of sub-penny trades. About the only thing Nanex findings
have in common with the SEC report on this matter, is that the date in
question was May 6, 2010. This revelation, that internalizer
software is sensitive to the integrity of the consolidated quote,
means someone could manipulate the consolidated quote in order to cause
internalizer software to reject valuable retail orders and spill them to dark pools or exchanges. This may explain the common micro-bursts of activity that occur throughout the trading day
and cause a number of stocks to have crossed quotes in the consolidated
feed - and implicitly open the broad market itself to these
micro-bursts causing another flash crash.
by Anthony Wile, The Daily Bell:
Introduction: Doug Casey has appeared on hundreds of radio and TV shows and has been the subject of articles in People, US, Time, Forbes, The Washington Post and numerous other publications. For nearly three decades, Doug Casey and his team have been correctly predicting major budding trends in the overall economy and commodity markets.
Daily Bell: Welcome, Doug. Give us an update on what you call the “Greater Depression.”
Doug Casey: A depression is a period of time when most people’s standard of living drops significantly. I think we can argue that this one really started in 2008. For the last couple of years, by printing up trillions of currency units, governments have − so far successfully − papered things over. Instead of allowing markets to liquidate, their currency printing has made it possible for people to continue living beyond their means. It’s just a question of time before things really come apart but it’s impossible to say exactly how much time. My guess is, based on what is happening in Europe and what I think will be happening shortly in China, is that we go back into the storm within a few months. As you know, it’s not a good idea to predict both an event and its timing. But I’m an economist − which is to say, someone who tries to describe the way the world works − not a fortuneteller. So I’m willing to take a shot at the timing…
Daily Bell: We asked you last time how long you thought it would take before there is a complete breakdown in confidence of the US dollar.
Read More @ TheDailyBell.com
Introduction: Doug Casey has appeared on hundreds of radio and TV shows and has been the subject of articles in People, US, Time, Forbes, The Washington Post and numerous other publications. For nearly three decades, Doug Casey and his team have been correctly predicting major budding trends in the overall economy and commodity markets.
Daily Bell: Welcome, Doug. Give us an update on what you call the “Greater Depression.”
Doug Casey: A depression is a period of time when most people’s standard of living drops significantly. I think we can argue that this one really started in 2008. For the last couple of years, by printing up trillions of currency units, governments have − so far successfully − papered things over. Instead of allowing markets to liquidate, their currency printing has made it possible for people to continue living beyond their means. It’s just a question of time before things really come apart but it’s impossible to say exactly how much time. My guess is, based on what is happening in Europe and what I think will be happening shortly in China, is that we go back into the storm within a few months. As you know, it’s not a good idea to predict both an event and its timing. But I’m an economist − which is to say, someone who tries to describe the way the world works − not a fortuneteller. So I’m willing to take a shot at the timing…
Daily Bell: We asked you last time how long you thought it would take before there is a complete breakdown in confidence of the US dollar.
Read More @ TheDailyBell.com
by Holly Deyo, SHTFPlan:
Stan and I augmented our food supplies this week after thinking we were finished. Finito. Put to bed. Done.
Rethink… Famine is on the horizon and seeing the highest food prices in history should zap your sleepy brain cells. This disaster is propelled by these simultaneous factors:
DYING BY SLOW DANCE
Before us is the perfect combination for slow death and civil war. Nothing propels society into chaos like seeing children starve and wanting basic necessities. Furthermore, what faces Americans has never been experienced, not by this generation. Not ever. Not in the Great Depression. Not during the Civil War.
Read More @ SHTFPlan.com
Stan and I augmented our food supplies this week after thinking we were finished. Finito. Put to bed. Done.
Rethink… Famine is on the horizon and seeing the highest food prices in history should zap your sleepy brain cells. This disaster is propelled by these simultaneous factors:
- most importantly, unprecedented Midwest drought and scalding-hot temperatures
- crops dying in other world food-producing regions
- growing global demand for high quality food
- expanding global population
- economic collapse in progress and,
- persistent demand for ethanol-enhanced fuels.
DYING BY SLOW DANCE
Before us is the perfect combination for slow death and civil war. Nothing propels society into chaos like seeing children starve and wanting basic necessities. Furthermore, what faces Americans has never been experienced, not by this generation. Not ever. Not in the Great Depression. Not during the Civil War.
Read More @ SHTFPlan.com
[Ed. Note:
"Do not be alarmed, citizens. These are just a few military attack
helicopters flying over your Minneapolis neighborhoods this week. Go
about your business..."]
from The Minneapolis Star Tribune:
Authorities say military aircraft will be conducting routine training over the Twin Cities through Saturday.
Minneapolis Police say the U.S. Special Operations Command training actually began last Sunday, but it was in locations not easily seen by or open to the public.
But police say the urban-environment training will become more visible as helicopters support the training this week. Residents may see or hear low-flying, military transport helicopters, specifically Black Hawks and smaller Hughes 500s, flying in the Minneapolis area between 7 p.m. and midnight.
Read More @ startribune.com
from The Minneapolis Star Tribune:
Authorities say military aircraft will be conducting routine training over the Twin Cities through Saturday.
Minneapolis Police say the U.S. Special Operations Command training actually began last Sunday, but it was in locations not easily seen by or open to the public.
But police say the urban-environment training will become more visible as helicopters support the training this week. Residents may see or hear low-flying, military transport helicopters, specifically Black Hawks and smaller Hughes 500s, flying in the Minneapolis area between 7 p.m. and midnight.
Read More @ startribune.com
by Vermont Trotter, Chink in the Armor:
On Thursday, the 16th
of August, 2012, the entire western banking system experienced a 9.2
on the Richter Scale event. On that day, for the first time in the
history of the United States, the Washington State Supreme Court ruled
that MERS, the Mortgage Electronic Registry Service, is not, and
cannot be a beneficiary under the statutes of Washington State. In a
well reasoned opinion, the Justices saw through the charade that is
MERS and said “no” to the lie.
Who knows what the ultimate fallout of all this will be. MERS® put out their puff piece commenting on their loss trying to spin it as a win. I read it and thought to myself, really? That’s not what I read when I read the Bain decision. I read about a trip to the woodshed. Not to worry though. They will be back. They are like the Borg from Star Trek, or at least they think they are. For them, this is a temporary setback and they are, no doubt , even now, adapting and thinking of ways to overcome. Already rumour control has it that they are planning to lobby the state legislature to change the rules so MERS is suddenly legal again.
One of the things we have learned from dealing with these characters is that we can take certain, seemingly disparate pieces of information, almost make up conclusions, and son of gun, no matter how outrageous, they turn out to be true~!
On Thursday, the 16th
of August, 2012, the entire western banking system experienced a 9.2
on the Richter Scale event. On that day, for the first time in the
history of the United States, the Washington State Supreme Court ruled
that MERS, the Mortgage Electronic Registry Service, is not, and
cannot be a beneficiary under the statutes of Washington State. In a
well reasoned opinion, the Justices saw through the charade that is
MERS and said “no” to the lie.Who knows what the ultimate fallout of all this will be. MERS® put out their puff piece commenting on their loss trying to spin it as a win. I read it and thought to myself, really? That’s not what I read when I read the Bain decision. I read about a trip to the woodshed. Not to worry though. They will be back. They are like the Borg from Star Trek, or at least they think they are. For them, this is a temporary setback and they are, no doubt , even now, adapting and thinking of ways to overcome. Already rumour control has it that they are planning to lobby the state legislature to change the rules so MERS is suddenly legal again.
One of the things we have learned from dealing with these characters is that we can take certain, seemingly disparate pieces of information, almost make up conclusions, and son of gun, no matter how outrageous, they turn out to be true~!
- Remember when the first person said all the REMICS are empty? Everyone scoffed in disbelief. Now it is taken as an article of faith.
- Remember when we laughed at the concept of the banks offering the really nice pads to their employees as part of their compensation plan? That one turned out to be true too.
- Remember when we were comparing their front line phone/cubicle
warriors to trained monkeys with a wire up their wazoo? Turns out that
one was true too. There is even a patent!
Read More @ ChinkintheArmor.net
[Ed. Note: How is this NOT a headline from The Onion? We are officially traveling through the Twilight Zone.]
by Susan Jones, CNSnews:
The long-awaited inspector general’s report on the Justice
Department’s botched gun-running scheme is finished, Rep. Darrell Issa
(R-Calif.) said on Wednesday.
But along with that news comes more questions: Issa and Sen. Chuck Grassley (R-Iowa) are demanding to know why a top ATF official involved in Operation Fast and Furious remains on paid leave from ATF — while simultaneously drawing a six-figure salary from J.P. Morgan, a major investment bank.
In a letter to the acting head of the Bureau of Alcohol, Tobacco, Firearms and Explosives, Issa and Grassley asked why the Justice Department would approve such a special arrangement for Bill McMahon.
“Under any reading of the relevant personnel regulations, it appears that ATF management was under no obligation to approve this sort of arrangement,” wrote Issa and Grassley. “Given McMahon’s outsized role in the Fast and Furious scandal, the decision to approve an extended annual leave arrangement in order to attain pension eligibility and facilitate full-time, outside employment while still collecting a full-time salary at ATF raises a host of questions about both the propriety of the arrangement and the judgment of ATF management.”
Read More @ CNSnews.com
by Susan Jones, CNSnews:
The long-awaited inspector general’s report on the Justice
Department’s botched gun-running scheme is finished, Rep. Darrell Issa
(R-Calif.) said on Wednesday.But along with that news comes more questions: Issa and Sen. Chuck Grassley (R-Iowa) are demanding to know why a top ATF official involved in Operation Fast and Furious remains on paid leave from ATF — while simultaneously drawing a six-figure salary from J.P. Morgan, a major investment bank.
In a letter to the acting head of the Bureau of Alcohol, Tobacco, Firearms and Explosives, Issa and Grassley asked why the Justice Department would approve such a special arrangement for Bill McMahon.
“Under any reading of the relevant personnel regulations, it appears that ATF management was under no obligation to approve this sort of arrangement,” wrote Issa and Grassley. “Given McMahon’s outsized role in the Fast and Furious scandal, the decision to approve an extended annual leave arrangement in order to attain pension eligibility and facilitate full-time, outside employment while still collecting a full-time salary at ATF raises a host of questions about both the propriety of the arrangement and the judgment of ATF management.”
Read More @ CNSnews.com
by Kurt Nimmo, Info Wars:
In the video below, a former decorated undercover FBI agent, Mike German, explains how the national security state, in league with local law enforcement, is secretly targeting Americans for political views and activities perceived as a threat to the political establishment.
German concentrates on the constitutional abuses of fusion centers and cites the Missouri Information Analysis Center report targeting Ron Paul and Chuck Baldwin as rightwing terrorists and the 2009 Virginia Terrorism Threat Assessment, produced by the Virginia Fusion Center, that singled out political groups as terrorist threats. Both reports were leaked to the media and covered extensively by Alex Jones and Infowars.com.
Read More @ InfoWars.com
In the video below, a former decorated undercover FBI agent, Mike German, explains how the national security state, in league with local law enforcement, is secretly targeting Americans for political views and activities perceived as a threat to the political establishment.
German concentrates on the constitutional abuses of fusion centers and cites the Missouri Information Analysis Center report targeting Ron Paul and Chuck Baldwin as rightwing terrorists and the 2009 Virginia Terrorism Threat Assessment, produced by the Virginia Fusion Center, that singled out political groups as terrorist threats. Both reports were leaked to the media and covered extensively by Alex Jones and Infowars.com.
Read More @ InfoWars.com
by The Doc, Silver Doctors:
Bruce writes:
Doc- As a newcomer who has been burnt by every supposed financial advisor I have ever spoken to it gets very confusing.
We all know the markets are rigged. Every article I read or most of them are from outfits like Miles Franklin, Peter Schiff, David Morgan, Eric Sprott, You, etc. All of these folks have skin in the game. They are selling either the metals themselves or info about the metals. How does a person ever figure out that all these folks are not just lining their own pockets on scare tactic news about everything?
I have stacked over 10,000 oz. and have another 50 grand or so to invest. Morgan says stocks in precious metals are the way to go. I am quite sure you will say keep stacking. If all of these people are wrong I am screwed as I have put everything I have in this project. Peter Schiffs interview on Cnbc with that gigglie blonde, Maria was actually laughing at him. Do they know something he doesn’t? A salesman’s line of ‘trust me’ is when you know he is lying. What are your thoughts?
Bruce, sounds like you are putting too much emphasis on what the so called experts say rather than studying the fundamentals and making your own decision. Personally I would recommend taking a step back, evaluating the fundamentals, and making your own decision with your assets. Have any of the fundamentals that saw gold rise from $278 to $1910 or silver from $4 to $49 changed? Did the US government’s public debt of $16 trillion and unfunded liabilities of $100 trillion evaporate last night?
Read More @ Silver Doctors
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Bruce writes:Doc- As a newcomer who has been burnt by every supposed financial advisor I have ever spoken to it gets very confusing.
We all know the markets are rigged. Every article I read or most of them are from outfits like Miles Franklin, Peter Schiff, David Morgan, Eric Sprott, You, etc. All of these folks have skin in the game. They are selling either the metals themselves or info about the metals. How does a person ever figure out that all these folks are not just lining their own pockets on scare tactic news about everything?
I have stacked over 10,000 oz. and have another 50 grand or so to invest. Morgan says stocks in precious metals are the way to go. I am quite sure you will say keep stacking. If all of these people are wrong I am screwed as I have put everything I have in this project. Peter Schiffs interview on Cnbc with that gigglie blonde, Maria was actually laughing at him. Do they know something he doesn’t? A salesman’s line of ‘trust me’ is when you know he is lying. What are your thoughts?
Bruce, sounds like you are putting too much emphasis on what the so called experts say rather than studying the fundamentals and making your own decision. Personally I would recommend taking a step back, evaluating the fundamentals, and making your own decision with your assets. Have any of the fundamentals that saw gold rise from $278 to $1910 or silver from $4 to $49 changed? Did the US government’s public debt of $16 trillion and unfunded liabilities of $100 trillion evaporate last night?
Read More @ Silver Doctors
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