by Eric Blair, Activist Post:
The first confirmed departure, CIA Director James Petraeus, was likely forced out. People in high profile positions don’t usually tell the ugly truth about why they are resigning unless the mafia has dirt on them. Petraeus cited an extra-marital affair as the reason for stepping down. Usually this type of activity is overlooked by the mafia as normal behavior, but apparently Petraeus has some personal integrity.
“In his mind, in his views, with his code of ethics and morals, he did a very dishonorable thing,” said a U.S. military official and long-time aide to Petraeus. “This had nothing to do with Benghazi, nothing to do with his relationship with the White House.” Translation: It had everything to do with his refusal to take part in the Benghazi cover up.
Read More @ Activist Post
The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea how oppressive this system actually is for people that are trying to run small businesses successfully.
It has steadily gotten worse over the years no matter who has been in the White House and no matter who has controlled Congress. So we shouldn’t put 100% of the blame on Obama. Bush massively expanded government and made things harder on small business people too. But what many small business people were looking for on this election day was just a little bit of help. Many were desperately holding out hope that Obamacare would be repealed so that they would not have to get rid of some of their employees. Many were hoping to get a little bit of relief from the crippling regulations and taxes that are absolutely crushing them. But now that Barack Obama has been given another four years, they understand that there is no hope on the horizon and that things are only going to get worse. So they are making the hard decisions that they feel are necessary in order to survive in this economic environment.
Read More @ TheEconomicCollpaseBlog.com
SD readers know that we hold our friend Eric Sprott in the highest regard as one of the few who called the secular gold bull market at the very beginning (along with Jim Sinclair). Eric has also called this the decade of silver, first stated that the economic recovery has no clothes, and recently kicked off the gold repatriation trend in early October with his research that the Central banks have no gold left.
Eric is one of our very favorite speakers on the metals, and for those unable to attend this year’s Investorium in Manhattan, Mr. Sprott’s full MUST WATCH presentation is below:
Read More @ Silver Doctors
Gold closed up Friday to the tune of $4.90 to finish the comex session at $1730.30. Silver also had a good day finishing up 36 cents to $32.59.
For the third consecutive day, the bankers did everything in their power to knock gold down and failed miserably again. They lost all hope in trying to knock silver down as it was the star throughout the day.
The gold and silver equity shares were trampled on providing the signal to the bankers to continue to supply the non backed paper. As you will see below, the bankers took one look at the OI for silver and nearly chocked. It looks to me like our banker friends are beginning to lose control over the paper gold/silver game.
In other news, from Europe, it looks like the EU will not have the Troika report by Nov 12.2012. According to Mark Grant this is a ploy as they want Greece out of the EU whether voluntarily or by force.
Read More @ HarveyOrgan.Blogspot.ca
The New York Times is out with a political article, “Question for the Victor: How Far Do You Push?”
The Times points out that President Obama has obtained a second chance to fix a country on the “wrong track.” The electorate has renewed his “contract” … “We have picked ourselves up. We have fought our way back,” Barack Obama is quoted as saying after his close victory.
The Times article then develops some detail about what President Obama will face over the next four years. Here’s something from the article:
Mr. Obama emerges from a scalding campaign and a four-year education in the realities of Washington a far different figure from the man sent to the White House in 2008. What faces him in this next stage of his journey are not overinflated expectations of partisan, racial and global healing, but granular negotiations over spending cuts and tax increases plus a looming showdown with Iran.
Read More @ TheDailyBell.com
The newest version of the popular video game, “Assassin’s Creed,” is set in 1775, “a time of unrest in the American colonies.” The theme is, of course, the Revolutionary War and it evokes thoughts of the colonists’ struggle for freedom and independence from Great Britain.
For me, the game also conjures up thoughts about our country’s founding document, the U.S. Constitution and especially the Bill of Rights, which are so badly under assault some 230 years after our founding fathers fought – and died – to enact them.
That is especially true of the Fourth Amendment’s right to privacy, and how, little by little, that right to be secure in our “persons, houses, papers, and effects, against unreasonable searches and seizures,” is simply vanishing.
Read More @ NaturalNews.com
With Spanish unemployment at record levels over 26% (and youth unemployment over 50%), even the bailout-avoiding prime minister is now recognizing the “terrible things and inhumane situations” that many real people are dealing with. To wit, a 53-year-old woman died after she threw herself from a window of her apartment when representatives of Spanish bank La Caixa arrived with locksmiths to evict her yesterday morning. The suicide (following another last month in Granada) has prompted Rajoy to temporarily halt evictions of the most vulnerable families as the government devises measures to help people stay in their homes. And yet, we are told again and again by Juncker, Barroso, van Rompuy et. al that the corner has been turned… we suspect not!
Read More @ Zero Hedge.com
Peter Gauweiler has a pet obsession. The conservative politician from Bavaria admits he has a bee in his bonnet about Germany’s gold reserves. In his office in the parliament in Berlin, he frets about the 1,500 tons of German gold – $80 billion worth – officially held by the New York Federal Reserve.
“The German central bank is required to count and weigh the gold it holds every year,” he says. “But our gold reserves that are kept in the U.S. have not been weighed or counted once in three decades. That is rather unsettling.”
Gauweiler wants an audit of Germany’s bullion held in the U.S. Better still, he would like it repatriated.
The fact that Germany has so much of its gold reserves in the U.S. is a legacy of the Cold War. To keep its gold well beyond the Soviet reach, Germany lodged the bullion with the U.S.
Read More @ BullionStreet.com
Gold is back.
Last September, after drifting around $1,600 an ounce for eleven straight months , gold rose above its 200-day moving average and into an official uptrend. Today, that trend is still intact and the next phase of the gold bull market is underway.
The question now is whether this is a fleeting summer fling – or the start of the next phase in our sector?
We think this is just the beginning for gold and silver. We may see some consolidation or even a pullback due to potential seasonal weakness, or some “price fatigue” after such a big advance, but our bullishness has little to do with seasonality or short-term price surges.
Here’s what supports our outlook:
Read More @ CaseyResearch.com
by Kip Keen, MineWeb.com
Basically, some junior to intermediate base metal miners have a bunch of cash sitting around they don’t need to spend on their own projects that can only really go to one thing: new acquisitions. All miners almost always talk of being on the lookout for new assets that are, as it is so often put, “accretive to shareholders.” Yet such talk is not always matched with means by either cash, equity financing or debt. Increasingly, though, there are a number of juniors and intermediates – a couple new ones especially – that can back up their talk with cold, hard cash. Of particular note from recent quarterlies: Capstone Mining reported C$509 million in cash (and access to C$200 million in possible debt) while Nevsun Resources said it had C$379 million on hand.
Read More @ MineWeb.com
by Charles Hugh Smith, Of Two Minds:
Does China have what it takes to get from here (industrialized export economy) to there (sustainable growth, widespread prosperity)? The same can be asked of every nation: do they have what it takes to move beyond their current limitations to the next level?
Let’s start with the fundamentals, what every nation must have to establish a stable, sustainable, widely shared prosperity. These are not just ethical niceties–these are the foundation of economic security.
Consider corruption. Corruption isn’t just a “values” issue: corrupt societies have corrupt economies, and these economies are severely limited by that corruption. A deeply, pervasively corrupt economy cannot get from here to there.
Corruption acts as a “tax” on the economy, siphoning money from the productive to the parasitic unproductive Elites skimming the bribes, payoffs, protection money, unofficial “fees,” etc. By definition, the money skimmed by corruption reduces the disposable income of households and enterprises, reducing their consumption and investment.
Click here for Part 1
Read More @ OfTwoMinds.com
Coming soon to a home theater near you; from the producers of Full Spectrum Survival:
An explosive narrative following a catastrophic collapse. The movie follows groups of preppers after an event who must use every resource at their disposal to survive in a post collapse society.
In this movie you will find yourself following people from varying walks of life as they adapt their lives to a new and lawless environment.
What do people do when they can’t call the police for help?
What do they do when their neighbors demand their food?
When their friends become their enemies?
Official Movie Announcement:
The Prepper Movie is the first of its kind. A 30 minute Feature Film that follows groups of preppers after a world shattering event takes place.
With over 2 hours of additional information and instructions available The Prepper Movie will give you an adrenaline filled crash-course on how to survive in a lawless environment and will contain so much novel information that even the most advanced will walk away with new ideas and practices to add to their preparedness plans.