[Ed. Note: Friends, EXACTLY what Jim Sinclair predicted two short days ago, JP Morgan confirms today. Got physical?]
by Matthew Boesler, BusinessInsider:
The latest jobs data out of the U.S. released Friday was considerably weaker than expected.
Several analysts said in television appearances and notes to clients
that this number is a big deal for prospects for more monetary easing by
the Federal Reserve.
Many now think the weakness in employment statistics has considerably increased the likelihood that the Fed will launch QE3 at the next FOMC meeting on Wednesday and Thursday, September 12 and 13.
JPMorgan economists Bruce Kasman, David Hensley, and Joseph Lupton think it’s a done deal.
And they think that a radical shift in Fed policy may transpire soon as well if the data remains weak.
In a note to clients, the economists write:
by Matthew Boesler, BusinessInsider:
The latest jobs data out of the U.S. released Friday was considerably weaker than expected.
Several analysts said in television appearances and notes to clients
that this number is a big deal for prospects for more monetary easing by
the Federal Reserve.
Many now think the weakness in employment statistics has considerably increased the likelihood that the Fed will launch QE3 at the next FOMC meeting on Wednesday and Thursday, September 12 and 13.
JPMorgan economists Bruce Kasman, David Hensley, and Joseph Lupton think it’s a done deal.
And they think that a radical shift in Fed policy may transpire soon as well if the data remains weak.
In a note to clients, the economists write:
Fed to deliver QE3 and ponder Evans plan
The debate about Fed action next week has
been ended as a result of the weak August payroll report. Look for
action on two fronts. The Committee will initiate a new round of asset
purchases, with agency-MBS constituting some, if not all, of these
purchases. The Committee should also push back its low-rate guidance
from late 2014 to mid-2015, with this guidance possibly augmented to
note that exceptionally low interest rates will be maintained even as
the recovery progresses.
Read More @ BusinessInsider.com
from KingWorldNews:
Today Michael Pento writes exclusively for King World News to put readers ahead of the curve on what is happening with central planners. Pento warned, “These new central bank interventions are unprecedented and … This is the primary reason behind the recent breakout in precious metals.” Pento also cautioned that all central banks have ever done is, “… wipe out currencies and the middle class.”
Here is Pento’s piece: “Anemic economic data in the U.S., Europe and in emerging markets has virtually guaranteed that the Fed will launch QE III on September 13th. Two perfect examples of America’s structurally-weak economy could be found last week in the Institute for Supply Management Manufacturing Survey and the Non-Farm Payroll report for August.”
Pento continues @ KingWorldNews.com
Today Michael Pento writes exclusively for King World News to put readers ahead of the curve on what is happening with central planners. Pento warned, “These new central bank interventions are unprecedented and … This is the primary reason behind the recent breakout in precious metals.” Pento also cautioned that all central banks have ever done is, “… wipe out currencies and the middle class.”
Here is Pento’s piece: “Anemic economic data in the U.S., Europe and in emerging markets has virtually guaranteed that the Fed will launch QE III on September 13th. Two perfect examples of America’s structurally-weak economy could be found last week in the Institute for Supply Management Manufacturing Survey and the Non-Farm Payroll report for August.”
Pento continues @ KingWorldNews.com
Is The Fed Losing Faith... In Itself?
The cracks in the Fed's narcissism started to show at Jackson Hole, where Bernanke's speech did nothing for the market; and as the FT points out, the biggest worry on display was whether these bureaucrats, sitting at the heart of every mature economy, still have the power to influence demand. Lurking behind many debates was this question: if central bank policies are so omnipotent effective, why is the global economy not growing faster? Everyone's favorite honest-dwarf Fed Governor, James Bullard, summarized perfectly:With monetary financing of governments on the increase (unconditionally by the Fed and conditionally by the ECB), it is clear that more radical options are increasingly mainstream as the textbook is not providing the answers. If the Fed itself is admitting it is becoming irrelevant and obsolete, then perhaps regimes are changing."I am a little – maybe more than a little bit – worried about the future of central banking. We've constantly felt that there would be light at the end of the tunnel and there'd be an opportunity to normalize but it’s not really happening so far."
"What I’m worried about is this creeping politicization."
According to the Obama administration, the unemployment rate in the United States has been slowly coming down over the past couple of years. But is that actually true? When you take a closer look at the data you quickly realize that the real unemployment numbers are much worse than we are being told. For example, if the labor force participation rate was the same today as it was back when Barack Obama first took office, the unemployment rate in the United States would be a whopping 11.2 percent. But every month the Obama administration has been able to show “progress” because of the fiction that hundreds of thousands of Americans are “disappearing” from the labor force each month. Frankly, the way that they come up with these numbers is an insult to our intelligence. Personally, I much prefer the employment-population ratio. It is a measure of the percentage of working age Americans that actually have jobs. I like to call it “the employment rate”. So what happened to the “employment rate” in August? It fell slightly to 58.3 percent. It is lower than it was when the last recession supposedly ended, and it is almost as low as it has been at any point since the very beginning of this crisis. A few times during this economic downturn it has actually hit 58.2 percent. Needless to say, things are not getting any better. So why aren’t the American people being told the truth?
After every other recession in the post-World War II era, the employment rate has always rebounded.
But not this time.
Does this look like a recovery to you?
Read More @ TheEconomicCollpaseBlog.com
Are Commodities coming Back in Vogue?
Trader Dan at Trader Dan's Market Views - 27 minutes ago
The following chart of the Continuous Commodity Index ( CCI ) shows a
sector that apparently is catching the attention of the hedge fund
community once again as risk trades come back into favor courtesy of what
seems to be another wave of money printing/bond buying about to launch.
Notice that the price rally from the late spring low down near 503 first
cleared the 25% Fibonacci Retracement level off the drop from the 2011 peak
near 692. Instead of falling back through that level and making another
fresh leg lower, the market bounced right off that same 25% retracement
level and the... more »
by Alexander Higgins, Alt-Market.com:
I saw first-hand that these regime claims were lies, and I couldn’t believe CNN was making me put what I knew to be government lies into my reporting.
– Amber Lyon
The Amber Lyon story is just the latest in a series of articles that expose the total Joseph Goebbels like censorship rampant in mainstream media today. The first one I posted several weeks ago exposed how the NY Times basically just regurgitates whatever government officials tell them, while the other showcased how an NPR reporter covering D.C. had to leave and do her own thing out of frustration. This is precisely why alternative media sites are taking off. They provide the only outlets left for genuine journalism.
So back to Amber. Back in March 2011, CNN sent a four person team to Bahrain to cover the Arab Spring. Once there, the crew was the subject of extreme intimidation amongst other things, but they were able to record some fantastic footage
Read More @ alt-market.com
Ken
Burns and Alfred Hitchcock are movie makers. 'The Ken Burns Effect' -
panning and zooming to focus attention on a certain isolated piece of
the full picture; and the 'Hitchcock Zoom' - a 'shocking' dramatic
change in perspective; keep the viewer occupied and entertained by
material that would otherwise look a little staid and to ensure that attention is paid to the precise piece of the picture that the director wishes to be the center of focus. As Grant Williams ruminates on the Draghi Scheme (The Dreme),
the devices of Burns and Hitchcock came to mind as central bankers
attempt to either unsettle the viewers or make them focus on a specific
part of the whole, rather than the big picture. For the last
eighteen months, we, the viewers, have been manipulated by a seemingly
never-ending procession of Eurocrats, bureaucrats, technocrats and
who-said-thats to look at a very precise part of the economic picture
rather than be allowed to step back and try to take in the wider
situation. Accordingly, we thought this week we would take a
step back, ignore where the Ken Burns Effect of Draghi’s words were
pointing our attention, turn a blind eye to the conflicting rhetoric
emanating from the various actors in the Theater of the Absurd and
concentrate on the big picture - to try and make sense of the broader reality in Greece, Spain, TARGET2, and The Dreme. It damned near gave us vertigo.
During the height of the 'Goldilocks economy' of the mid-1990s, Mat Stein wrote When Technology Fails: A Manual for Self-Reliance, Sustainability, and Surviving the Long Emergency ,
a master compendium of do-it-yourself preparation skills. Fast-forward
to today's Great Recession, drought-stricken, $100+ oil, post-Katrina,
post-Fukushima world -- many are realizing the prudence of taking basic precautionary steps to reduce their vulnerability to whatever the future may bring.
Whether you're concerned about the fallout from a breakdown of today's
weakened global economy, or simply want to be better able to deal with
the aftermath of a natural disaster if you live in an
earthquake/hurricane/flood/wildfire/tornado-prone part of the world,
the personal resiliency measures Mat recommends make sense for almost
everyone to consider. It's important to note that Mat isn't a doomer
bent on fanning fears of a zombie apocalypse (though those concerned
about social collapse will find much utility in his work), but believes
that our current fossil fuel-driven, hyper-consumptive, and over-leveraged way of life is not sustainable.
I'm PayPal Verified
With both political parties having concluded their respective rah-rah-fests and each vehemntly proclaiming "The Other Side" as failing miserably; it appears, as Raghuram Rajan points out in his latest article
that while America’s presidential election campaign is superficially a
debate about health care and taxes; it is much more fundamentally about
democracy and/or free enterprise.
As he notes, democracy implies regarding individuals as equal and
treating them as such, with every adult getting an equal vote, whereas
free enterprise empowers individuals based on how much economic value
they create and how much property they own. What prevents the
median voter in a democracy from voting to dispossess the rich and
successful? And why do the latter not erode the political power of the
former? The answer relies upon the 'dream' (American or otherwise) of a level playing field and hard-work paying off...
Continuing with the theme of the secular shift in the labor pool (not cyclical, as the Fed still mistakenly believes: it will take it at least one more year to understand it has been wrong about this aspect of the New Normal economy too, just as it was wrong for decades about the Flow vs Stock debate), it is not only men who are fresh out of luck. As a reminder, we observed earlier that the labor force participation rate for men has just dropped to an all time low. It turns out there is another class of workers whose participation rate is at the lowest in series history: that of "25 year olds with a Bachelor's degree and higher", i.e. college grads. At 75.5%, it is the lowest since this data has been kept by the BLS. But not all is abysmal in America's labor force. While the share of workers with a college degree has plunged to all time lows, a bright spot can be found when observing the labor force participation rate of those who never bothered with college, and for whom high school was their last known degree-granting institution. At 59.9%, the participation rate is well of its 2012 lows of 59.0% and steadily rising, in fact, to borrow a term from the housing bulls, it may well have "bottomed". Now there is some truly great news for the future of America's highly educated workforce.
While
there is still some debate whether the proper alternative nomenclature
of the Greek ultranationalist party Golden Dawn is "neo-nazi",
there is no debate that the party, which is a manifestation of every
broken Greek hope and dream, after posting a shocking result in the
recent Greek parliamentary election which saw it coming in fifth and
entering parliament after, continues to soar in popularity and is now the third most popular party in Greece with 12% of the vote.
Above it are only two other parties: the conservative New Democracy
which won the June elections with 29.6% of the vote, which is now down
to 28%, and on top, in an ominous development for EUR-bulls, is the
anti-bailout and anti-memorandum leftist coalition Syriza, which has
threatened to end the bailout, and effectively to take Greece out of the
Eurozone, setting off the much dreaded dominoes.
There are two key events in the coming week: first, on September 12, is the decision of the German Constitutional Court, aka the Krimson Kardinals of Karlsruhe, whether the ESM, or the ECB's primary market bond monetization program, is legal. A no vote would severely cripple the European "make it up as you go along" bailout and leave Europe's peripheral nations with little recourse, and Spain with even less cash as it faces a wall of bond maturities in both October and 2013. Then, on Thursday, the Federal Reserve will most likely underwhelm the market which is expecting a new substantial round of outright Asset Purchases, aka NEW QE, which however as we explained will almost certainly not occur due to various reason first described here last Friday. A third, and perhaps far more important event, will be the Dutch parliamentary election also on September 12, but more on that in a further post. For now, looking at Germany, and the piecemeal attempt to put back together the European house of monetary cards, we find that in Germany - the country taksed with funding the European implosion - the population has decided, by a 2 to 1 margin - that the constitutional court should just say "nein" to the ESM, and let Europe go on its merry way without German backing (because as a reminder, the primary source of ESM funding is Germany). From Spiegel: "A survey shows that the majority of Germans hope that the judges in Karlsruhe reject the permanent rescue fund ESM. 54% want a reversal of the Bundestag decisions on the ESM and Fiscal Pact, which should be legally halted. Only 25% believe that the court should dismiss the urgent appeals of the Euro-skeptics."
Obama plans to violate the Constitution again and issue yet another executive order.
The latest EO would create a government program protecting vital computer networks from cyber attacks, according to Bloomberg. The Department of Homeland Security would establish cybersecurity standards that companies could “voluntarily adopt to better protect banks, telecommunication networks and the U.S. power grid from electronic attacks.”
As we have pointed out on numerous occasions, cyber attacks do not threaten the power grid in the United States. Critical infrastructure in the U.S. is rarely connected directly to the public internet. “The fact of the matter is that it isn’t easy to do any of these things. Your average power grid or drinking-water system isn’t analogous to a PC or even to a corporate network,” writes Michael Tanji for Wired.
Read More @ Infowars.com
I saw first-hand that these regime claims were lies, and I couldn’t believe CNN was making me put what I knew to be government lies into my reporting.
– Amber Lyon
The Amber Lyon story is just the latest in a series of articles that expose the total Joseph Goebbels like censorship rampant in mainstream media today. The first one I posted several weeks ago exposed how the NY Times basically just regurgitates whatever government officials tell them, while the other showcased how an NPR reporter covering D.C. had to leave and do her own thing out of frustration. This is precisely why alternative media sites are taking off. They provide the only outlets left for genuine journalism.
So back to Amber. Back in March 2011, CNN sent a four person team to Bahrain to cover the Arab Spring. Once there, the crew was the subject of extreme intimidation amongst other things, but they were able to record some fantastic footage
Read More @ alt-market.com
Things That Make You Go Hmmm - Such As "The Hitchcock Zoom" Vs Reality
Ken
Burns and Alfred Hitchcock are movie makers. 'The Ken Burns Effect' -
panning and zooming to focus attention on a certain isolated piece of
the full picture; and the 'Hitchcock Zoom' - a 'shocking' dramatic
change in perspective; keep the viewer occupied and entertained by
material that would otherwise look a little staid and to ensure that attention is paid to the precise piece of the picture that the director wishes to be the center of focus. As Grant Williams ruminates on the Draghi Scheme (The Dreme),
the devices of Burns and Hitchcock came to mind as central bankers
attempt to either unsettle the viewers or make them focus on a specific
part of the whole, rather than the big picture. For the last
eighteen months, we, the viewers, have been manipulated by a seemingly
never-ending procession of Eurocrats, bureaucrats, technocrats and
who-said-thats to look at a very precise part of the economic picture
rather than be allowed to step back and try to take in the wider
situation. Accordingly, we thought this week we would take a
step back, ignore where the Ken Burns Effect of Draghi’s words were
pointing our attention, turn a blind eye to the conflicting rhetoric
emanating from the various actors in the Theater of the Absurd and
concentrate on the big picture - to try and make sense of the broader reality in Greece, Spain, TARGET2, and The Dreme. It damned near gave us vertigo.Matthew Stein Asks "How Prepared Are You?"
During the height of the 'Goldilocks economy' of the mid-1990s, Mat Stein wrote When Technology Fails: A Manual for Self-Reliance, Sustainability, and Surviving the Long Emergency ,
a master compendium of do-it-yourself preparation skills. Fast-forward
to today's Great Recession, drought-stricken, $100+ oil, post-Katrina,
post-Fukushima world -- many are realizing the prudence of taking basic precautionary steps to reduce their vulnerability to whatever the future may bring.
Whether you're concerned about the fallout from a breakdown of today's
weakened global economy, or simply want to be better able to deal with
the aftermath of a natural disaster if you live in an
earthquake/hurricane/flood/wildfire/tornado-prone part of the world,
the personal resiliency measures Mat recommends make sense for almost
everyone to consider. It's important to note that Mat isn't a doomer
bent on fanning fears of a zombie apocalypse (though those concerned
about social collapse will find much utility in his work), but believes
that our current fossil fuel-driven, hyper-consumptive, and over-leveraged way of life is not sustainable.
Donations help maintain and defray the operational costs. Paypal, a leading provider of secure
online money transfers, will handle the donations. Thank you for your
contribution.
I'm PayPal VerifiedOn America's Middle-Class Divide
With both political parties having concluded their respective rah-rah-fests and each vehemntly proclaiming "The Other Side" as failing miserably; it appears, as Raghuram Rajan points out in his latest article
that while America’s presidential election campaign is superficially a
debate about health care and taxes; it is much more fundamentally about
democracy and/or free enterprise.
As he notes, democracy implies regarding individuals as equal and
treating them as such, with every adult getting an equal vote, whereas
free enterprise empowers individuals based on how much economic value
they create and how much property they own. What prevents the
median voter in a democracy from voting to dispossess the rich and
successful? And why do the latter not erode the political power of the
former? The answer relies upon the 'dream' (American or otherwise) of a level playing field and hard-work paying off...So Much For The Benefits Of College In America's "New Normal"?
Continuing with the theme of the secular shift in the labor pool (not cyclical, as the Fed still mistakenly believes: it will take it at least one more year to understand it has been wrong about this aspect of the New Normal economy too, just as it was wrong for decades about the Flow vs Stock debate), it is not only men who are fresh out of luck. As a reminder, we observed earlier that the labor force participation rate for men has just dropped to an all time low. It turns out there is another class of workers whose participation rate is at the lowest in series history: that of "25 year olds with a Bachelor's degree and higher", i.e. college grads. At 75.5%, it is the lowest since this data has been kept by the BLS. But not all is abysmal in America's labor force. While the share of workers with a college degree has plunged to all time lows, a bright spot can be found when observing the labor force participation rate of those who never bothered with college, and for whom high school was their last known degree-granting institution. At 59.9%, the participation rate is well of its 2012 lows of 59.0% and steadily rising, in fact, to borrow a term from the housing bulls, it may well have "bottomed". Now there is some truly great news for the future of America's highly educated workforce.
Greek Neo-Nazi Party Surges To Third In Polls, As Anti-Bailout Syriza Back On Top
While
there is still some debate whether the proper alternative nomenclature
of the Greek ultranationalist party Golden Dawn is "neo-nazi",
there is no debate that the party, which is a manifestation of every
broken Greek hope and dream, after posting a shocking result in the
recent Greek parliamentary election which saw it coming in fifth and
entering parliament after, continues to soar in popularity and is now the third most popular party in Greece with 12% of the vote.
Above it are only two other parties: the conservative New Democracy
which won the June elections with 29.6% of the vote, which is now down
to 28%, and on top, in an ominous development for EUR-bulls, is the
anti-bailout and anti-memorandum leftist coalition Syriza, which has
threatened to end the bailout, and effectively to take Greece out of the
Eurozone, setting off the much dreaded dominoes.54% Of Germans Hope Krimson Kardinals Just Say "Nein" To ESM, As Greece Is Once Again On The Edge
There are two key events in the coming week: first, on September 12, is the decision of the German Constitutional Court, aka the Krimson Kardinals of Karlsruhe, whether the ESM, or the ECB's primary market bond monetization program, is legal. A no vote would severely cripple the European "make it up as you go along" bailout and leave Europe's peripheral nations with little recourse, and Spain with even less cash as it faces a wall of bond maturities in both October and 2013. Then, on Thursday, the Federal Reserve will most likely underwhelm the market which is expecting a new substantial round of outright Asset Purchases, aka NEW QE, which however as we explained will almost certainly not occur due to various reason first described here last Friday. A third, and perhaps far more important event, will be the Dutch parliamentary election also on September 12, but more on that in a further post. For now, looking at Germany, and the piecemeal attempt to put back together the European house of monetary cards, we find that in Germany - the country taksed with funding the European implosion - the population has decided, by a 2 to 1 margin - that the constitutional court should just say "nein" to the ESM, and let Europe go on its merry way without German backing (because as a reminder, the primary source of ESM funding is Germany). From Spiegel: "A survey shows that the majority of Germans hope that the judges in Karlsruhe reject the permanent rescue fund ESM. 54% want a reversal of the Bundestag decisions on the ESM and Fiscal Pact, which should be legally halted. Only 25% believe that the court should dismiss the urgent appeals of the Euro-skeptics."
by Kurt Nimmo, Infowars:
Obama plans to violate the Constitution again and issue yet another executive order.
The latest EO would create a government program protecting vital computer networks from cyber attacks, according to Bloomberg. The Department of Homeland Security would establish cybersecurity standards that companies could “voluntarily adopt to better protect banks, telecommunication networks and the U.S. power grid from electronic attacks.”
As we have pointed out on numerous occasions, cyber attacks do not threaten the power grid in the United States. Critical infrastructure in the U.S. is rarely connected directly to the public internet. “The fact of the matter is that it isn’t easy to do any of these things. Your average power grid or drinking-water system isn’t analogous to a PC or even to a corporate network,” writes Michael Tanji for Wired.
Read More @ Infowars.com
by Madison Ruppert, Activist Post
The highly secretive Trans-Pacific Partnership (TPP) negotiations are coming under increased fire from both government officials like Senator Ron Wyden and civil liberties organizations like the Electronic Frontier Foundation (EFF) and the American Civil Liberties Union (ACLU).
More information on the somewhat mysterious TPP negotiations emerged recently in a Congressional Research Service (CRS) report published by the Federation of American Scientists which can be read here.
In a recent blog post, Sandra Fulton of the ACLU’s Washington Legislative Office went as far as to call the TPP the “biggest threat to free speech and intellectual property that you’ve never heard of,” which is likely not all that much of an exaggeration.
Read More @ Activist Post
The highly secretive Trans-Pacific Partnership (TPP) negotiations are coming under increased fire from both government officials like Senator Ron Wyden and civil liberties organizations like the Electronic Frontier Foundation (EFF) and the American Civil Liberties Union (ACLU).
More information on the somewhat mysterious TPP negotiations emerged recently in a Congressional Research Service (CRS) report published by the Federation of American Scientists which can be read here.
In a recent blog post, Sandra Fulton of the ACLU’s Washington Legislative Office went as far as to call the TPP the “biggest threat to free speech and intellectual property that you’ve never heard of,” which is likely not all that much of an exaggeration.
Read More @ Activist Post
by Brandon Smith, SHTFPlan:
I was recently interviewed by a journalist for a local newspaper who was developing a story on the exponential rise of the “prepper lifestyle” in America, most especially in Western Montana. Being an outsider to the Liberty Movement, she was naturally curious as to what motivated us to make what some in our culture would see as a drastic and bewildering leap away from the mainstream. She was equally fascinated with our willingness to travel great distances and make substantial sacrifices to live in regions like the American Redoubt.
I will not deny, Montana has indeed become a “hotbed” of survivalism and Constitutionalism, or what the Southern Poverty Law Center would call “extremism and domestic terrorism”. I lived in Pittsburgh for years while writing for Neithercorp and Alt-Market and rarely ran into like minded individuals aware of the tenuous status of our society. Within days of moving to Montana, I was being recognized by complete strangers in supermarkets excited to discuss the inner workings of Keynesian monetary corruption, precious metals investment, and Alinsky disinformation tactics. Yeah…I know…it’s weird.
Read More @ SHTFPlan.com
I was recently interviewed by a journalist for a local newspaper who was developing a story on the exponential rise of the “prepper lifestyle” in America, most especially in Western Montana. Being an outsider to the Liberty Movement, she was naturally curious as to what motivated us to make what some in our culture would see as a drastic and bewildering leap away from the mainstream. She was equally fascinated with our willingness to travel great distances and make substantial sacrifices to live in regions like the American Redoubt.
I will not deny, Montana has indeed become a “hotbed” of survivalism and Constitutionalism, or what the Southern Poverty Law Center would call “extremism and domestic terrorism”. I lived in Pittsburgh for years while writing for Neithercorp and Alt-Market and rarely ran into like minded individuals aware of the tenuous status of our society. Within days of moving to Montana, I was being recognized by complete strangers in supermarkets excited to discuss the inner workings of Keynesian monetary corruption, precious metals investment, and Alinsky disinformation tactics. Yeah…I know…it’s weird.
Read More @ SHTFPlan.com
from TheSurvivalMom.com:
Having lived off the grid for the last 7 years, you see ‘em come, and you see ‘em go. The dozens of people we’ve seen succeed in this lifestyle and the dozens of people we’ve seen fail has given us a keen eye to the attributes necessary to be a survivalist. Like we’ve told many people before, no matter how prepared you think you are, you’re gonna go through some changes! So after many years of observation, below are listed the 6 essential traits every survivalist should possess to be successful.
Having lived off the grid for the last 7 years, you see ‘em come, and you see ‘em go. The dozens of people we’ve seen succeed in this lifestyle and the dozens of people we’ve seen fail has given us a keen eye to the attributes necessary to be a survivalist. Like we’ve told many people before, no matter how prepared you think you are, you’re gonna go through some changes! So after many years of observation, below are listed the 6 essential traits every survivalist should possess to be successful.
1. Tenacity
(“stick-to-it-ness”). This more than anything else has beaten many a
would-be survivalist. We knew a young couple from Texas who bought a
5-acre parcel in a very rural, mountain subdivision. They purchased a
camper and a 40′ shipping container and filled them with supplies.
Before they ever made the move, the husband freaked out when he
discovered that there were ants on the property! (Aren’t ants everywhere?)
These weren’t fire ants, just plain old picnic ants, and it was a real
problem for him, resulting in their abandoning the property for the
comfort of their old apartment. The ants were just his way out of a situation he never was committed to in the first place.
As Sun Tzu said, “No one can ever be defeated who has made a strong resolve to win.”
2. Resourcefulness – In today’s modern world, being resourceful usually means knowing what aisle at Home Depot has that pair of pliers.
Read More @ TheSurvivalMom.com
by John Mauldin, Gold Seek:
Should the Fed Give Us QE3?
There seems to be a clear consensus (from the dozen or so items I have read) that the Fed will now give us QE3 at its meeting next week. I do not doubt that more QE is in the works, but I sincerely hope they wait until after the election. To my mind, another round of QE will not produce all that much, though it may possibly make the stock market happy.
It will not stimulate spending or increase the need for more loans or make it easier to buy a house. Rates are already low, and there is excess liquidity in the system. While I acknowledge that the propensity of a central banker is to do something (God forbid that a recovery should happen while they did nothing, so they couldn’t take credit for it!), it is unseemly to do so right before a presidential election. There is nothing in this employment report that is any different from what we knew months ago.
Read More @ GoldSeek.com
Should the Fed Give Us QE3?
There seems to be a clear consensus (from the dozen or so items I have read) that the Fed will now give us QE3 at its meeting next week. I do not doubt that more QE is in the works, but I sincerely hope they wait until after the election. To my mind, another round of QE will not produce all that much, though it may possibly make the stock market happy.
It will not stimulate spending or increase the need for more loans or make it easier to buy a house. Rates are already low, and there is excess liquidity in the system. While I acknowledge that the propensity of a central banker is to do something (God forbid that a recovery should happen while they did nothing, so they couldn’t take credit for it!), it is unseemly to do so right before a presidential election. There is nothing in this employment report that is any different from what we knew months ago.
Read More @ GoldSeek.com
by Ben Hallman, Huffington Post:
A last-ditch effort by federal and state law enforcement authorities to hold Wall Street accountable for nearly bringing down the U.S. economy is unlikely to lead to any criminal charges against big bank executives, according to a source close to the investigation.
Barring a “hail mary pass,” said the source, who spoke on the condition of anonymity because the investigation is still ongoing, the members of a task force President Barack Obama formed in January to investigate fraud in the residential mortgage bond industry will instead most likely bring civil lawsuits against some of the banks involved, though it isn’t clear when these cases might come.
That means any penalties for those accused of fraud or other misconduct would be measured in dollars, not jail terms.
Read More @ HuffingtonPost.com
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A last-ditch effort by federal and state law enforcement authorities to hold Wall Street accountable for nearly bringing down the U.S. economy is unlikely to lead to any criminal charges against big bank executives, according to a source close to the investigation.
Barring a “hail mary pass,” said the source, who spoke on the condition of anonymity because the investigation is still ongoing, the members of a task force President Barack Obama formed in January to investigate fraud in the residential mortgage bond industry will instead most likely bring civil lawsuits against some of the banks involved, though it isn’t clear when these cases might come.
That means any penalties for those accused of fraud or other misconduct would be measured in dollars, not jail terms.
Read More @ HuffingtonPost.com
by Anthony Wile, The Daily Bell:
The Daily Bell is pleased to present this exclusive interview with Judge Andrew Napolitano (left).
Introduction: Judge Andrew P. Napolitano joined the FOX News Channel (FNC) in January 1998 and serves as its senior judicial analyst. Judge Napolitano is the youngest life-tenured Superior Court judge in the history of the state of New Jersey. While on the bench from 1987 to 1995, Judge Napolitano presided over more than 150 jury trials and sat in all parts of the Superior Court – criminal, civil, equity and family. He has handled thousands of sentencings, motions, hearings and divorces. For 11 years, he served as an adjunct professor of constitutional law at Seton Hall Law School, where he provided instruction in constitutional law and jurisprudence. Judge Napolitano returned to private law practice in 1995 and began television broadcasting in the same year. Judge Napolitano’s many books include: It is Dangerous to be Right When the Government is Wrong: The Case for Personal Freedom (2011), Constitutional Chaos: What Happens When the Government Breaks Its Own Laws (2006), A Nation of Sheep (2007) and NY Times bestsellers The Constitution in Exile: How the Federal Government Has Seized Power by Rewriting the Supreme Law of the Land (2007) and Lies the Government Told You: Myth, Power and Deception in American History (2010).
Daily Bell: Let’s get started. What about the Rand Paul controversy? Where do you stand on his endorsement of Romney?
Judge Napolitano: Rand Paul is a friend of mine but yes, that endorsement certainly got him slaughtered on his Facebook page; they were running 50:1 against him. My whole view – and I’ve said this on air – Mitt Romney‘s views are closer to Barack Obama‘s than they are to Thomas Jefferson‘s and he presents just a slightly different version of big government.
Read More @ TheDailyBell.com
The Daily Bell is pleased to present this exclusive interview with Judge Andrew Napolitano (left).
Introduction: Judge Andrew P. Napolitano joined the FOX News Channel (FNC) in January 1998 and serves as its senior judicial analyst. Judge Napolitano is the youngest life-tenured Superior Court judge in the history of the state of New Jersey. While on the bench from 1987 to 1995, Judge Napolitano presided over more than 150 jury trials and sat in all parts of the Superior Court – criminal, civil, equity and family. He has handled thousands of sentencings, motions, hearings and divorces. For 11 years, he served as an adjunct professor of constitutional law at Seton Hall Law School, where he provided instruction in constitutional law and jurisprudence. Judge Napolitano returned to private law practice in 1995 and began television broadcasting in the same year. Judge Napolitano’s many books include: It is Dangerous to be Right When the Government is Wrong: The Case for Personal Freedom (2011), Constitutional Chaos: What Happens When the Government Breaks Its Own Laws (2006), A Nation of Sheep (2007) and NY Times bestsellers The Constitution in Exile: How the Federal Government Has Seized Power by Rewriting the Supreme Law of the Land (2007) and Lies the Government Told You: Myth, Power and Deception in American History (2010).
Daily Bell: Let’s get started. What about the Rand Paul controversy? Where do you stand on his endorsement of Romney?
Judge Napolitano: Rand Paul is a friend of mine but yes, that endorsement certainly got him slaughtered on his Facebook page; they were running 50:1 against him. My whole view – and I’ve said this on air – Mitt Romney‘s views are closer to Barack Obama‘s than they are to Thomas Jefferson‘s and he presents just a slightly different version of big government.
Read More @ TheDailyBell.com
by Silver Shield, Dont-Tread-On.me :
The Silver Bullet and the Silver Shield are ALIVE! For close to 16 months we have been taking it on the chin listening to the those paper propagandists that said silver was in a bubble and that we should sell. 16 months of paper raids. 16 months of rehypothicated accounts. 16 months of pundits gloating. 16 months of blatant criminal manipulation. Well now it is our turn!
During the entire consolidation I have said that they may win the momentum for a few days, but they cannot stop the overall trend. Those momentum physical buyers who bought when silver was $40 and did not know why they are buying, are gone. Those paper momentum monkeys that trusted the likes of the CRIMEX, MF Global and PFG Best are gone. All along the way, more and more physical silver has fallen into stronger and stronger hands. The banksters game to make silver cheaper has allowed us to stack farther and faster than if they just let the market pricing mechanism work.
Read More @ Dont-Tread-On.me
The Silver Bullet and the Silver Shield are ALIVE! For close to 16 months we have been taking it on the chin listening to the those paper propagandists that said silver was in a bubble and that we should sell. 16 months of paper raids. 16 months of rehypothicated accounts. 16 months of pundits gloating. 16 months of blatant criminal manipulation. Well now it is our turn!
During the entire consolidation I have said that they may win the momentum for a few days, but they cannot stop the overall trend. Those momentum physical buyers who bought when silver was $40 and did not know why they are buying, are gone. Those paper momentum monkeys that trusted the likes of the CRIMEX, MF Global and PFG Best are gone. All along the way, more and more physical silver has fallen into stronger and stronger hands. The banksters game to make silver cheaper has allowed us to stack farther and faster than if they just let the market pricing mechanism work.
Read More @ Dont-Tread-On.me
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