The Ultimate 100 Year QUADRUPLE TOP in Silver is Coming – And So is the COLLAPSE: Andy Hoffman
Bundesbank's Weidmann Warns: Debt Monetization Is An Addictive Drug
It is one thing for various anti-Central Planning (and thus central bank) outlets to warn,
over 3 years ago, that easy monetary policy is merely an enabling
substance, and is addictive as any drug to a dysfunctional political
establishment which is more than happy to avoid fiscal prudence if
monetary policy is readily available to delay the inevitable day of
reckoning when monetizing the debt will no longer work. It is a
different matter entirely when the head of the world's only solvent
central bank - the German Bundesbank, which happens to be the biggest
guarantor of that other mega hedge funds the ECB, and which of all
developed economies also happens to have had the closest recent
encounter with hyperinflation (unlike all the "other" theoretical
experts who enjoy talking extensively about matters they have zero
experience with). In an interview with German Spiegel magazine,
Buba head Jens Weidmann, once again has loudly warned what as recently
as 2009 very few dared to even think: namely that rampant and
gratuitous deficit plugging using central bank debt issuance, and thus
explicitly monetizing the debt, "can be addictive as a drug." Obviously, like any drug overdose, the aftereffects are always fatal.Vive La Stagnation
There was a time when the market at least pretended to be influenced by the economy. Alas, with the advent of officially endorsed central planning those days are gone. Which in turn may be the primary reason why so many retail investors, brought up on the myth that the market is efficient and anticipating the facts instead of, as it has now become all too clear, reactionary, and anticipating liquid release by central planning academics who have never held a real job in their entire lives, have left the rigged casino. So what's a status quo regime that needs the retail dumb money (which is anything but in the past three years)? The only thing it can do: lower expectations. Which is precisely what Goldman has done. Because apparently one no longer needs growth to justify insane multiples. All one needs is a, drumroll please, stagnation. That's right - all you need, apparently, to buy stocks is hope and prayer that the US economy can sustain its stagnant state, and all shall be well. Of course, with GDP rising at best at a 2% rate each year, even as the public debt soars at 4-5x times that level, stagnation may well be the best thing the US economy can hope for.
The Up-To-The-Minute Guide For Understanding Europe
Forget Merriam-Webster. The Mario-Webber dictionary is where it's at these days...Gold: I Won`t Argue With Human Stupidity
Admin at Jim Rogers Blog - 5 hours ago
Short Summary: In this excerpt from CNBC Asia's Squawk Box, investor Jim
Rogers explains why he owns gold even though some people see it as a
"relic" of an earlier age with little intrinsic value.
Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
Corporate Profits Will Disappoint
Admin at Marc Faber Blog - 6 hours ago
The corporate sector has recovered remarkably since the trough in earnings
in 2009 and we are at record high earnings. Corporate profits will
disappoint over the next 12 to 18 months. - *in CNBC*
Related: SPDR SP 500 ETF (NYSE:SPY)
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*Pre-election America Reads In Red And Blue
If the following "heatmap" of readership political bent by state from Amazon is
any indication of the votership inclination in the coming election,
then Mitt Romney, more natural disasters notwithstanding, has nothing to
worry about. Then again in the world of oxymorons, there are few quite
as potent as "America Reads" (with the exception of the occasional
money-losing Kindle for the aspirationally cool reader).
by J. D. Heyes, Natural News:
As good as technology has been throughout the centuries for the development and advancement of Mankind, it is becoming a four-letter-word in the 21st century as it is being used more and more to rob us of our constitutionally-protected right to privacy.
In fact, it’s to the point now that Leviathan governments throughout the West – in Great Britain, birthplace of the Magna Carta, the “Great Charter of the Liberties of England (1215 A.D.); and the greatest of all documents of liberty, the U.S. Constitution – no longer regard those rights as inviolable, as long as you step foot outside of your home.
Consider the latest assault on privacy: Roving backscatter X-ray vans roaming through your city streets. Yes; that’s right, the sadistic exploitation of your person is not just for overzealous TSA agents at the nearby airport anymore.
Read More @ NaturalNews.com
By ABC via Yahoo News:
Mitt Romney loyalists, seeking a show of strength and solidarity at next week’s GOP convention, struggled Friday to placate restless Ron Paul supporters while also weakening the powers of such insurgent candidates in future Republican primaries.
Mitt Romney loyalists, seeking a show of strength and solidarity at next week’s GOP convention, struggled Friday to placate restless Ron Paul supporters while also weakening the powers of such insurgent candidates in future Republican primaries.
Pre-convention haggling annoyed
devoted backers of Paul, the 77-year-old Texas congressman who was among
Romney’s primary challengers. One Republican National Convention panel
voted to replace 10 delegates from Maine
who are supportive of Paul, deciding that they came to Tampa through a
flawed state selection process. A second pro-Romney committee moved to
adopt a rule narrowing the routes for delegates to national conventions
in 2016 and beyond.
“It sends the message that when
the establishment doesn’t get the outcome they want they will use the
process to change it,” said Mike Rothfeld of Virginia, who tried in vain
to block the ouster of Maine’s delegates partial to Paul. “It will not
be good for the party. It will not be good for Mitt Romney.
Read More @ YahooNews.com
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I'm PayPal Verifiedfrom matlarson10:
from Jesse’s Café Américain:
I came across a nice, compact interview with Chris Hedges which illuminates his thesis of the decline of the American Empire and the illusions and the end of rational thinking that accompanies it. Empires seem to give off quite a bit of flash in their latter stages, rather like the last gasp of a dying star.
The interviewer does a particularly nice job of drawing Hedges out.
I would like to add an observation I made in thinking further this afternoon about the Sophie Scholl piece I put up earlier this morning. There is something about gardening that focuses the mind.
The almost frenetic preoccupation and adherence to the Nazi ideology in the latter stages of the war, when it was obvious to any rational observer that they could not win, is remarkable. I had been particularly struck in my reading some time ago with the ‘wolf packs’ of Nazis who had raged through Berlin, rounding up old men and even boys who had not joined the Volkssturm, and hanging them, even while the Russians were shelling the Reichstag. It never made sense to me until today.
Read More @ Jesse’s Café Américain:
I came across a nice, compact interview with Chris Hedges which illuminates his thesis of the decline of the American Empire and the illusions and the end of rational thinking that accompanies it. Empires seem to give off quite a bit of flash in their latter stages, rather like the last gasp of a dying star.
The interviewer does a particularly nice job of drawing Hedges out.
I would like to add an observation I made in thinking further this afternoon about the Sophie Scholl piece I put up earlier this morning. There is something about gardening that focuses the mind.
The almost frenetic preoccupation and adherence to the Nazi ideology in the latter stages of the war, when it was obvious to any rational observer that they could not win, is remarkable. I had been particularly struck in my reading some time ago with the ‘wolf packs’ of Nazis who had raged through Berlin, rounding up old men and even boys who had not joined the Volkssturm, and hanging them, even while the Russians were shelling the Reichstag. It never made sense to me until today.
Read More @ Jesse’s Café Américain:
from Off Grid Survival:
Fox
News, the news organization that pretends to be the conservative voice
of the world, sank to a new low after they leaked the name of The Navy
SEAL who wrote about the raid that killed Osama bin Laden.
In a shocking display of how little they care for the lives of our troops, FOX leaked the name of the Seal Team 6 Member who wrote the book. The leak has exposed this SEAL, his family, and possibly the entire SEAL team to the threat of retaliation from Al Qaida or other terrorist groups.
The book, which has already caused a huge amount of controversy among the military community – over possible National Security or Operational Security Leaks – is scheduled to be released Sept. 11 under the pseudonym Mark Owen. The publisher, which in my opinion is just as guilty as FOX News, had asked news organizations to withhold the SEALS identity. Apparently FOX was more interested in ratings!
Read More @ OffGridSurvival.com
Fox
News, the news organization that pretends to be the conservative voice
of the world, sank to a new low after they leaked the name of The Navy
SEAL who wrote about the raid that killed Osama bin Laden.In a shocking display of how little they care for the lives of our troops, FOX leaked the name of the Seal Team 6 Member who wrote the book. The leak has exposed this SEAL, his family, and possibly the entire SEAL team to the threat of retaliation from Al Qaida or other terrorist groups.
The book, which has already caused a huge amount of controversy among the military community – over possible National Security or Operational Security Leaks – is scheduled to be released Sept. 11 under the pseudonym Mark Owen. The publisher, which in my opinion is just as guilty as FOX News, had asked news organizations to withhold the SEALS identity. Apparently FOX was more interested in ratings!
Read More @ OffGridSurvival.com
by Stephen Lendman, SJLendman.Blogspot.com:
Iran threatens no one. Western and Israeli leaders know it. So do
over 100 Non-Aligned Movement countries coming to Tehran. They’ll be
there from August 26 – 31. They’ll participate in NAM’s 16th summit.
Their presence endorses Iran’s legitimacy, extends support, shows disapproval of Western hostility and belligerence, and confers prestige when Tehran most needs it.
Washington and Israel target the Islamic Republic relentlessly. Longstanding war plans await implementation. Media scoundrels and right-wing think tanks support it. They’re paid to endorse ravaging one country after another.
The Jewish Institute for National Security Affairs (JINSA) calls itself “the most influential group on the issue of US-Israel military relations.”
It “advocate(s) on behalf of a strong U.S. military, a robust national security policy and a strong U.S. security relationship with Israel and other like-minded democracies.”
It supports Israeli lawlessness, its regional dominance plans, and belligerence directed at Palestinians and other regional enemies.
Read More @ SJLendman.Blogspot.com
from silverguru:
Iran threatens no one. Western and Israeli leaders know it. So do
over 100 Non-Aligned Movement countries coming to Tehran. They’ll be
there from August 26 – 31. They’ll participate in NAM’s 16th summit.Their presence endorses Iran’s legitimacy, extends support, shows disapproval of Western hostility and belligerence, and confers prestige when Tehran most needs it.
Washington and Israel target the Islamic Republic relentlessly. Longstanding war plans await implementation. Media scoundrels and right-wing think tanks support it. They’re paid to endorse ravaging one country after another.
The Jewish Institute for National Security Affairs (JINSA) calls itself “the most influential group on the issue of US-Israel military relations.”
It “advocate(s) on behalf of a strong U.S. military, a robust national security policy and a strong U.S. security relationship with Israel and other like-minded democracies.”
It supports Israeli lawlessness, its regional dominance plans, and belligerence directed at Palestinians and other regional enemies.
Read More @ SJLendman.Blogspot.com
from silverguru:
from LaRouche Pac:
At precisely the same moment that LaRouchePAC was besieging
Washington, DC, and congressional staffs this past Wednesday with Lyndon
LaRouche’s warning of imminent thermonuclear war if Obama is
renominated, Harvard’s Graham Allison, known for his book and other
studies on the Cuba Missile Crisis of 1962, was similarly fighting to
awaken US and British leaders to that dire reality with a dramatic op-ed
in London’s Financial Times titled, “Thucydides’ Trap has been Sprung
in the Pacific,” datelined August 21.
“Classical Athens was the centre of civilisation. Philosophy, history, drama, architecture, democracy—all beyond anything previously imagined,” he wrote. “This dramatic rise shocked Sparta, the established land power on the Peloponnese. Fear compelled its leaders to respond. Threat and counter-threat produced competition, then confrontation and finally conflict. At the end of 30 years of war, both states had been destroyed.”
“Now, it will take 5 minutes,” Lyndon LaRouche interjected.
“Thucydides wrote of these events:” Allison continued: “‘It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable.’ Note the two crucial variables: rise and fear.”…
Read More @ LaRouchePac.com
At precisely the same moment that LaRouchePAC was besieging
Washington, DC, and congressional staffs this past Wednesday with Lyndon
LaRouche’s warning of imminent thermonuclear war if Obama is
renominated, Harvard’s Graham Allison, known for his book and other
studies on the Cuba Missile Crisis of 1962, was similarly fighting to
awaken US and British leaders to that dire reality with a dramatic op-ed
in London’s Financial Times titled, “Thucydides’ Trap has been Sprung
in the Pacific,” datelined August 21.“Classical Athens was the centre of civilisation. Philosophy, history, drama, architecture, democracy—all beyond anything previously imagined,” he wrote. “This dramatic rise shocked Sparta, the established land power on the Peloponnese. Fear compelled its leaders to respond. Threat and counter-threat produced competition, then confrontation and finally conflict. At the end of 30 years of war, both states had been destroyed.”
“Now, it will take 5 minutes,” Lyndon LaRouche interjected.
“Thucydides wrote of these events:” Allison continued: “‘It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable.’ Note the two crucial variables: rise and fear.”…
Read More @ LaRouchePac.com
by Chris Powell, Secretary/Treasurer, GATA, GATA:
Dear Friend of GATA and Gold:
Founded in 1992, Smart Money magazine, a product of The Wall Street Journal, is going out of business with its September issue, which includes a review, titled “Hits and Misses,” of what the magazine, its editors, and writers have gotten right and wrong in their 20 years. Perhaps their biggest miss is gold, as signified by the magazine’s recapitulation of its June 2004 interview with GATA Chairman Bill Murphy, who remarked that the monetary metal, then priced at $422 per ounce, would double.
Read More @ GATA.org
Dear Friend of GATA and Gold:
Founded in 1992, Smart Money magazine, a product of The Wall Street Journal, is going out of business with its September issue, which includes a review, titled “Hits and Misses,” of what the magazine, its editors, and writers have gotten right and wrong in their 20 years. Perhaps their biggest miss is gold, as signified by the magazine’s recapitulation of its June 2004 interview with GATA Chairman Bill Murphy, who remarked that the monetary metal, then priced at $422 per ounce, would double.
Read More @ GATA.org
by Pater Tenebrarum, Acting-Man.com:
Charles Evans Goes Global
For those who know a little bit about the Fed’s history, it is quite ironic that the president of the Chicago Fed district is today considered one of the most dovish central bankers in the world. Many economists and economic historians maintain that is was the Chicago Fed’s hawkish intransigence that led to the mild tightening of reserve requirements in 1937 which preceded the ‘recession within the depression’ of 1937 to 1938.
In most of the discussions of these events, this tightening of reserve requirements, which happened in parallel with fiscal tightening on the part of the Roosevelt administration, is considered to have ’caused’ the 1937 downturn. We happen to think that it merely unmasked the fact that the inflationary mini-boom of 1933 to 1936 was yet another unsustainable period of fake prosperity. One simply cannot print oneself back to wealth. If it were possible, the whole world would be akin to the Land of Cockaigne by now, where the roasted pigeons would fly into our mouths by themselves.
Mr. Evans has incessantly and forcefully argued for more ‘accommodation’ by the Fed – i.e., more money printing – for quite some time now. In late 2011, when he was still a voting member of the FOMC, he became the sole dissenter, always demanding even more monetary easing. The promise to keep the federal funds rate at zero until 2013 (lately this has been extended to 2014) and the implementation of ‘Operation Twist’ were not enough in his view.
Read More @ Acting-Man.com
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Charles Evans Goes GlobalFor those who know a little bit about the Fed’s history, it is quite ironic that the president of the Chicago Fed district is today considered one of the most dovish central bankers in the world. Many economists and economic historians maintain that is was the Chicago Fed’s hawkish intransigence that led to the mild tightening of reserve requirements in 1937 which preceded the ‘recession within the depression’ of 1937 to 1938.
In most of the discussions of these events, this tightening of reserve requirements, which happened in parallel with fiscal tightening on the part of the Roosevelt administration, is considered to have ’caused’ the 1937 downturn. We happen to think that it merely unmasked the fact that the inflationary mini-boom of 1933 to 1936 was yet another unsustainable period of fake prosperity. One simply cannot print oneself back to wealth. If it were possible, the whole world would be akin to the Land of Cockaigne by now, where the roasted pigeons would fly into our mouths by themselves.
Mr. Evans has incessantly and forcefully argued for more ‘accommodation’ by the Fed – i.e., more money printing – for quite some time now. In late 2011, when he was still a voting member of the FOMC, he became the sole dissenter, always demanding even more monetary easing. The promise to keep the federal funds rate at zero until 2013 (lately this has been extended to 2014) and the implementation of ‘Operation Twist’ were not enough in his view.
Read More @ Acting-Man.com
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