When the Dollar Collapses...This is exactly what will happen...on a Global Scale...
Read More @ TheEconomicCollpaseBlog.com
- Attributed to Isoroku Yamamoto, Fleet Admiral of the Imperial Japanese Navy
by Mac Slavo, SHTFPlan:
Amid abysmal earnings reports from some of the world’s top companies in recent weeks, Americans may be spending less on things like consumer electronics and dining out, but one trend remains seemingly unstoppable.
We’ve got an insatiable demand for weaponry, with more guns being purchased last year in America than there are active duty military members in the world’s fourteen largest militaries.
Americans like their guns, and according to the latest quarterly revenues from Sturm, Ruger & Co., that isn’t going to change anytime soon. In fact, over the last five years we’ve seen a massive increase in gun buying. So much so that Ruger was forced to suspend new firearms orders earlier this year because they simply could not keep up with demand.
Read More @ SHTFPlan.com
It seems like it was only yesterday that the US closed the book on Fiscal 2012 (technically, it was September 30), with a modest $16.066 trillion in debt. What was notable is that the monthly additions to the total debt balance toward the end of 2012 were getting smaller and smaller until the October incremental addition was a puny $50 billion (even though mysteriously the US ended up with a budget Surplus of $75 billion for the month). Turns out it was merely yet another political stall tactic to avoid the true face of America's debt peeking into the open public. Because as of several hours ago, the DTS announced the total debt as of October 31, or the first completed month of fiscal 2013. The number: $16.262 trillion. This means that in the month of October, when delaying displaying the true creditor plight of this country was no longer an option, Uncle Sam went to town, and raised $195 billion. This amounts to $6.3 billion per calendar (not work) day, and $262 million per calendar (not work) hour.
Arranging a US Famine … At a time when the US government talks of food shortages yet is doing nothing to ensure food for its people but is doing numbers of things that seriously increase the threat and leave people more helpless, it is relevant to look at again at the famine in Ireland in the 19th century, considered “one of the darkest chapters in world history.” This matters because the famine appears now to have been caused intentionally … “In this grand, sweeping narrative, Ireland’s best-known historian, Tim Pat Coogan, gives a fresh and comprehensive account of one of the darkest chapters in world history, arguing that Britain was in large part responsible for the extent of the national tragedy, and in fact engineered the food shortage in one of the earliest cases of ethnic cleansing. So strong was anti-Irish sentiment in the mainland that the English parliament referred to the famine as “God’s lesson.” – Food Freedom News
Dominant Social Theme: Food scarcity is a growing problem that the UN must tackle.
Free-Market Analysis: There are plenty of sub-dominant themes growing out of this main one of food scarcity. In fact, it is such a deep meme that one could compare it to a bush with many branches.
A lot of these sub-dominant social themes could be classified as dominant themes themselves. In fact, the scarcity themes that the elites use to frighten people into giving up power and wealth to globalist solutions are the building blocks of human life: food, water, air and energy.
Read More @ TheDailyBell.com
When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker's presentation which she released at last week's Ira Sohn conference. Her conclusion: the US is now broke-er than ever.
In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America's youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that.
Secretary of State Ross Miller called claims of voter machine irregularities in Nevada by the Republican National Committee “irresponsible and unfortunate” on Thursday.
Miller, a Democrat, was responding to a letter sent to his office and election officials in five other states on Thursday in which the RNC alleged voting machines cast ballots for President Barack Obama, a Democrat, when the vote was intended for his Republican challenger, former Massachusetts Gov. Mitt Romney.
The RNC did not provide documented proof of its allegation aside from media anecdotes.
In Washoe County, a man reported a problem with a voting machine in which he tried to vote for Obama but the machine kept registering a vote for Romney. The machine was recalibrated by election officials.
Read More @ RGJ.com
FOR THE CHILDREN...FOOOR THEEE CHILLLDRRRREN...
by Tony Cartalucci, Activist Post
The Washington Post in its recent article, “U.S. looks to build alternative Syrian opposition leadership,” claims:
The Obama administration has spent the past several months in secret diplomatic negotiations aimed at building a new Syrian opposition leadership structure that it hopes can win the support of minority groups still backing President Bashar al-Assad.
The strategy, to be unveiled at a Syrian opposition meeting next week in Qatar, amounts to a last-ditch effort to prevent extremists from gaining the upper hand within the opposition and to stop the Syrian crisis from boiling over into the greater Middle East.The Post also indicates that de facto “administrative zones” are being set up along the Turkish-Syrian border with “nonlethal” assistance provided by the United States, France and “other like-minded governments.” The so-called “Syrian National Council” is being discarded, as it is wholly seen as illegitimate by both Syrians and the world at large.
Read More @ Activist Post
Cristina Fernandez de Kirchner, president of Argentina, will never be remembered as a great economist. Nor will she win any awards for ‘accuracy in government reporting.’ Au contraire, under her leadership, the numbers used by government economists in Argentina have parted company with the facts completely. They are not even on speaking terms. Still, Ms. Fernandez deserves credit. At least she is honest about it.
The Argentine president visited the US in the autumn of 2012. She was invited to speak at Harvard and Georgetown universities. Students took advantage of the opportunity to ask her some questions, notably about the funny numbers Argentina uses to report its inflation. Her bureaucrats put the consumer price index — the rate at which prices increase — at less than 10%. Independent analysts and housewives know it is a lie. Prices are rising at about 25% per year.
At a press conference, Cristina turned the tables on her accusers:
“Really, do you think consumer prices are only going up at a 2% rate in the US?”
Read more: The Downside of Debt http://dailyreckoning.com/the-downside-of-debt/#ixzz2AzuCX14H
Read More @ DailyReckoning.com.au
My skepticism grows by the hour; so when I’m in “writing mode,” it’s difficult to ignore my negativity. However, it is equally important to discuss the good things in life; particularly, those that inspire me to embrace mankind’s goodness. Thus, I purposely searched for a positive topic to discuss today – and the search took but a nanosecond; or utilizing the new HFT lingo, a “pico-second.”
That topic – of course – is my wife Diana; with whom I’ll be celebrating my tenth wedding anniversary this weekend. Diana and I met through a mutual friend in Montauk, Long Island (just East of the Hamptons) – where I had a share house from 1994 through 2002. Montauk was always my “PEACE OF THE ROCK”; but until we met in early 2001, I was still “finding myself” in a complex and uncertain world.
Read more @ MilesFranklin.com
Episode 10 - Bit Coins the Currency of the Dark Net from Minute MBA by OnlineMBA.com on Vimeo.
Bitcoins are an online currency with no ties to a government or central bank. Since their inception in 2009, it has become a medium for all kinds of black market activities online. Here’s what you need to know about the not-so-legal side of Bitcoins.
It was a short decade ago that gold traded at $315 an ounce, and those who predicted it to increase to an unreachable $1,000 an ounce were considered kooks.
Warren Buffet is one of the more vocal anti-gold investors, claiming it produces no income and that it doesn’t belong in one’s investment portfolio. But it was also Buffet who said in 2011 that “if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”
Today, the value of the dollar is indeed on the brink of collapse. The U.S. Debt is quickly reaching beyond $16 trillion, and dollars are being printed infinitely out of thin air.
Read More @ International Business Times
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For the first time this year, the United States Mint’s American Gold and Silver Eagle bullion coins recorded higher monthly sales than the year ago period.
The economic turmoil and uncertainties experienced during 2008 led to renewed interest in precious metals investment. This situation led to problems for the United States Mint, which was unable to produce an adequate supply of bullion coins to meet public demand. The often dubbed “unprecedented demand” led to temporary sales suspensions and prolonged periods of allocation, during which available supplies were rationed amongst authorized purchasers.
Despite the suspensions and rationing, sales of the American Silver Eagle bullion coins reached an all time annual sales record of 19,583,500 coins in 2008. This was followed by successive record breaking annual sales totals in 2009, 2010, and 2011, when annual sales reached 39,868,500 coins.
Read More @ CoinUpdate.com
The Terence Murphree Lecture, presented at the 2012 Mises Institute Supporters Summit: “The Truth About War: A Revisionist Approach”.
Today, I drive up the coast to Del Ray Beach, and spend a few hours with Joel Kravitz. (Joel heads up our eBay division and our unique storage program with Brinks in Montreal.) Joel lives in Minneapolis, but he is spending the next six months setting up and running a new Miles Franklin office that is located in Del Ray Beach, 45 minutes north of our Aventura residence. Joel and I will meet with one of our clients and his father. They are driving some two hours to personally meet with Joel and me. If you live in Florida or plan to be there this winter and would like to meet personally with Joel, or me call him at 561-272-9320 and set up an appointment. I’m usually available.
When I return to Aventura I will pick up Susan and we head off to the Miami Beach Cinematheque, where one of my dearest friends and his wife Petra Mason are hosting a book signing for a new book (Bunny Yeager’s Darkroom) she recently authored.
Read More @ MilesFranklin.com
Acts of Desperation
Looking for the next major thing in Spain to blow sky high? I have a strong candidate in mind.
Bank deposits are down 154 billion euros this year and banks have resorted to paying unsustainable interest rates as high as 8% to attract money.
Via Google translate from El Economista, please consider war rages over deposits: Spanish banks are “desperate”
A new war between Spanish banks deposits threatens to destroy their already depleted profit margins by offering higher interest to depositors to attract new customers in a desperate battle for scarce capital.
Read More @ GlobalEconomicAnalysis.blogspot.com
from StansberryMedia :
Bradford Cooke, CEO of Endeavor Silver, discusses why silver prices could skyrocket. Bradford also talks about his company’s latest acquisition and why it’s a great opportunity to buy his stock at current levels.
There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy.
US President Obama returned to the campaign trail today, holding his first post-Sandy event. As we head into the last few days of the presidential race, we ask Bill Bonner, bestselling author and founder of Agora financial what he thinks the biggest issues on the electoral agenda should be.
Considering the problems facing the country took decades to form, can they be easily resolved by the casting of a vote? And what about the debt and the deficit? Both presidential candidates express some concern about the debt, but are either really going to act on those concerns in meaningful ways?
And prices for gasoline, soda, hotel rooms, and batteries have risen sharply in areas affected by Superstorm Sandy. In some areas of New Jersey, residents waited on line for hours to buy gasoline.
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