from Kingworldnews:
We live in an illusory world where the public’s illusions are about to
be smashed in the next few years. As an example, the illusory fortunes
of the very wealthy have gone up exponentially in this century. They
all believe that they are creating wealth based on their skills in
investing. Little do they realize that the real reason is because they
are standing near the printing press in the biggest Ponzi scheme in
world history. I speak to many of these people about risk but they see
no risk in financial markets. They don’t believe that $100 million for
an apartment, painting, or a diamond is a bubble. Or a stock market
that is actually now valued higher than it was in 1929, 2000, or in
2007. They don’t see that this is a bubble.
They also can’t see that government bonds which can never be repaid and that are paying zero interest or even negative interest is a bubble. They have no concern whatsoever that these markets can collapse. And if you told them that a 50 – 90 percent fall in stocks, bonds and property is a possibility, they would think that you are brain-damaged.
Egon von Greyerz Continues @ King World News
We live in an illusory world where the public’s illusions are about to
be smashed in the next few years. As an example, the illusory fortunes
of the very wealthy have gone up exponentially in this century. They
all believe that they are creating wealth based on their skills in
investing. Little do they realize that the real reason is because they
are standing near the printing press in the biggest Ponzi scheme in
world history. I speak to many of these people about risk but they see
no risk in financial markets. They don’t believe that $100 million for
an apartment, painting, or a diamond is a bubble. Or a stock market
that is actually now valued higher than it was in 1929, 2000, or in
2007. They don’t see that this is a bubble.They also can’t see that government bonds which can never be repaid and that are paying zero interest or even negative interest is a bubble. They have no concern whatsoever that these markets can collapse. And if you told them that a 50 – 90 percent fall in stocks, bonds and property is a possibility, they would think that you are brain-damaged.
Egon von Greyerz Continues @ King World News
from KingWorldNews:
Andrew Maguire:
“You have to draw back and look at the bigger footprints here (in the
gold market) because what’s flying under the radar is a distinct change
in behavior. Yes, we are seeing the games persist (in the gold market),
but these bearish directional bets are (now) hitting a solid gold
wall….
“And it’s easy to forget that these highly leveraged, short fractional reserve gold and silver positions are ultimately underpinned by real allocated physical (metal), which over the last two years has been disappearing in unprecedented amounts (from Western central bank vaults).
Andrew Maguire Audio Interview @ KingWorldNews.com
Andrew Maguire:
“You have to draw back and look at the bigger footprints here (in the
gold market) because what’s flying under the radar is a distinct change
in behavior. Yes, we are seeing the games persist (in the gold market),
but these bearish directional bets are (now) hitting a solid gold
wall….“And it’s easy to forget that these highly leveraged, short fractional reserve gold and silver positions are ultimately underpinned by real allocated physical (metal), which over the last two years has been disappearing in unprecedented amounts (from Western central bank vaults).
Andrew Maguire Audio Interview @ KingWorldNews.com
America, The Ponzi Scheme: A Commencement Speech For The Scammed
Submitted by Tyler Durden on 06/06/2015 - 15:01 Many of you undoubtedly think that your education is now over and it’s time to enter the “real world.” I have news for you: you’ve been in that world for the last four years, hence the debt you’re dragging around behind you. So, on a day when the sun’s in your eyes and it couldn’t be more apparent that the world’s not what you’ve been told it was, maybe you should apply the principles of the scam artist to the world you’re about to enter. Unless you do so, you’ll simply be scammed again in the next phase of your life.
It’s called the “Silk Road Gold Fund.”Wielding some $16 billion, it figures to be the largest gold fund the world’s ever seen.
And it’s poised to support gold prices, tighten China’s grip on the market, and expand the role of the yuan in global trade.
If that seems like a lot, it is.
It has to be, because China’s ultimate plan is to remake the current world order — an order defined by the United States and governed by the dollar.
Read More @ OutsiderClub.com
Junker Declines Tsipras Call: Greece "Not Serious", "No Reason To Meet"
Submitted by Tyler Durden on 06/06/2015 - 13:30 If Greek PM Alexis Tsipras is serious about sticking with the mandate that got Syriza elected, he got a rude awakening on Saturday when, insulted by the PM’s fire and brimstone speech to parliament, EU Commission President Jean-Claude Junker refused a meeting, noting that if Tsipras is serious about going down with the ship, there’s nothing left to talk about.
The "Illegal Immigrant" Recovery? Presenting The Most Stunning Number In The May Jobs Report
Submitted by Tyler Durden on 06/06/2015 - 14:15 In the latest jobs report we find the following stunner: since the start of the Second Great Depression, the US has added 2.3 million "foreign-born" workers, offset by just 727K "native-born". This means that the "recovery" has almost entirely benefited foreign-born workers, to the tune fo 3 to 1 relative to native-born Americans!
Capital Controls Explained: Argentina Edition
Submitted by Tyler Durden on 06/06/2015 - 12:49 When governments find themselves in financial trouble because of the stupid decisions that they’ve made, their first response is to award themselves even more power to make even stupider decisions. And among the stupidest decisions that any government can make is imposing capital controls… something that Argentina has in abundance. Capital controls are like the Matrix; you can’t really explain what they are. You have to show people. Argentina does not disappoint.
"Einstein" Fooled By "Chinese" Hackers In Massive Government Data Breach
Submitted by Tyler Durden on 06/06/2015 - 12:15 "The hackers who stole personal data on 4 million government employees from the U.S. Office of Personnel Management sneaked past a sophisticated counter-hacking system called Einstein 3, a highly-touted, multimillion-dollar and mostly secret technology that’s been years in the making [but is] already obsolete," Bloomberg says. Unfortunately, bureaucratic delays, Presidential pettiness, and Congressional paralysis likely mean no improvements are forthcoming.What Happens To Stock Prices After Layoffs
Submitted by Tyler Durden on 06/06/2015 - 11:35
A Hopeful Edward Snowden Says "The Balance Of Power Is Beginning To Shift"
Submitted by Tyler Durden on 06/06/2015 - 10:43 "The balance of power is beginning to shift. We are witnessing the emergence of a post-terror generation, one that rejects a worldview defined by a singular tragedy. For the first time since the attacks of Sept. 11, 2001, we see the outline of a politics that turns away from reaction and fear in favor of resilience and reason. With each court victory, with every change in the law, we demonstrate facts are more convincing than fear. As a society, we rediscover that the value of a right is not in what it hides, but in what it protects."
In Major Escalation, Yemen Rebels Fire Scud Missile Into Saudi Arabia
Submitted by Tyler Durden on 06/06/2015 - 09:49 On Saturday, Riyadh claimed Yemen's Iran-backed Houthis, in concert with forces loyal to former Yemeni President Ali Abdullah Saleh, for the first time fired a scud missile at Saudi Arabia.
A Very European Episode
Submitted by Tyler Durden on 06/06/2015 - 09:14 It is not so much that Greece and other nations are facing severe financial difficulties. At the end of the day, most man-made problems are solvable, especially in finance. What truly worries us is that this widely diverse group is required to come up with robust solutions to very sensitive political and economic problems, with wide reaching implications. Accordingly, this Greek saga has been going on for five years, and we are now deeply in the realm of unpalatable solutions – if indeed one can actually be found.
There is a an old Native American axiom: to understand how someone
feels, you must walk two moons in their moccasins. This reality map and
its reference key say it all. Turning today’s real world on its head,
this map is thought provoking and funny. It will challenge your notions
of how China perceives the United States – and how Westerners see the
rest of the world. While perceptions are slowly starting to shift, 99% of the West and a majority of Asians still swallow America’s massive propaganda campaign against China. Read below the details about how you would feel, if you were a Chinese citizen or Baba Beijing (China’s leadership). Looking at this “upside down” reality map, you can appreciate why China has every right to (privately) hate the United States.
from DAHBOO777:
from Western Journalism:
A major investigative report by the Washington Post tells a chilling
story: police killings nationwide are on a pace to eclipse 1,000 by
year’s end. That’s more than double the national average in recent
years. Even more disturbing is the fact that police shootings are
largely underreported. Mind you, these statistics do not include
police-inflicted deaths by means other than police bullets, such as stun
guns and people in police custody.
The report states: “‘These shootings are grossly underreported,’ said Jim Bueermann, a former police chief and president of the Washington-based Police Foundation, a nonprofit organization dedicated to improving law enforcement. ‘We are never going to reduce the number of police shootings if we don’t begin to accurately track this information.’”
Read More @ WesternJournalism.com
A major investigative report by the Washington Post tells a chilling
story: police killings nationwide are on a pace to eclipse 1,000 by
year’s end. That’s more than double the national average in recent
years. Even more disturbing is the fact that police shootings are
largely underreported. Mind you, these statistics do not include
police-inflicted deaths by means other than police bullets, such as stun
guns and people in police custody.The report states: “‘These shootings are grossly underreported,’ said Jim Bueermann, a former police chief and president of the Washington-based Police Foundation, a nonprofit organization dedicated to improving law enforcement. ‘We are never going to reduce the number of police shootings if we don’t begin to accurately track this information.’”
Read More @ WesternJournalism.com
by Alasdair Macleod, Gold Money:
China is in the late stages of constructing its thirteenth five-year
plan, a process that commenced over a year ago and will result in a
first draft in October. While the bulk of the plan will concern regional
and domestic development, it is the international aspects that will
concern the rest of the world. The plan, which will produce specific
goals for 2016-20, is already having an effect on China’s foreign and
trade policy.
At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth. Instead, to maintain the long-term objective of 7% growth in GDP China will turn her attention to improving Asia’s infrastructure, a policy for which the building-blocks are now in place. The Silk Road Project is advancing from the drawing board, and the Chinese-led Asian Infrastructure Investment Bank (AIIB), which will arrange finance for projects totalling as much as $20 trillion over the next thirty years, was formally established this year.
Read More @ GoldMoney.com
China is in the late stages of constructing its thirteenth five-year
plan, a process that commenced over a year ago and will result in a
first draft in October. While the bulk of the plan will concern regional
and domestic development, it is the international aspects that will
concern the rest of the world. The plan, which will produce specific
goals for 2016-20, is already having an effect on China’s foreign and
trade policy.At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth. Instead, to maintain the long-term objective of 7% growth in GDP China will turn her attention to improving Asia’s infrastructure, a policy for which the building-blocks are now in place. The Silk Road Project is advancing from the drawing board, and the Chinese-led Asian Infrastructure Investment Bank (AIIB), which will arrange finance for projects totalling as much as $20 trillion over the next thirty years, was formally established this year.
Read More @ GoldMoney.com
by Michael Noonan, Edge Trader Plus:
Americans labor under the misguided belief that they have freedom, and
by extension, freedom of choice. This simply is not true. Corporations
are dictating more and more how Americans live, what to think, what to
eat, and more. Google is a perfect example of what was once a superior
search engine-turned-government-tool-for-propaganda. Searches have been
sanitized to provide only that information the corporate federal
government wants you to know, and no more.
It used to be the will of one in this country was protected against the majority. You can no longer find any references to this line of thinking when one Googles “rights for the will of one.” There is no such reference but mostly talk about the importance of a majority rule in a democratic society to get people to believe is such a dysfunctional point of view. If you want to do any research on topics the government prefers you do not know, content results
will be sanitized, and depending on how “anti-government” a search may be, many available responses can no longer be found but have been cleansed.
Read More @ EdgeTraderPlus.com
Americans labor under the misguided belief that they have freedom, and
by extension, freedom of choice. This simply is not true. Corporations
are dictating more and more how Americans live, what to think, what to
eat, and more. Google is a perfect example of what was once a superior
search engine-turned-government-tool-for-propaganda. Searches have been
sanitized to provide only that information the corporate federal
government wants you to know, and no more.It used to be the will of one in this country was protected against the majority. You can no longer find any references to this line of thinking when one Googles “rights for the will of one.” There is no such reference but mostly talk about the importance of a majority rule in a democratic society to get people to believe is such a dysfunctional point of view. If you want to do any research on topics the government prefers you do not know, content results
will be sanitized, and depending on how “anti-government” a search may be, many available responses can no longer be found but have been cleansed.
Read More @ EdgeTraderPlus.com
by Niles Williamson, Global Research:
US
Defense Secretary Ashton Carter is meeting today at the headquarters of
the US European Command in Stuttgart, Germany with two dozen US
military commanders and European diplomats to discuss how to escalate
their economic and military campaign against Russia. They will assess
the impact of current economic sanctions, as well as NATO’s strategy of
exploiting the crisis in eastern Ukraine to deploy ever-greater numbers
of troops and military equipment to Eastern Europe, threatening Russia
with war.
A US defense official told Reuters that the main purpose of the meeting was to “assess and strategize on how the United States and key allies should think about heightened tensions with Russia over the past year.” The official also said Carter was open to providing the Ukrainian regime with lethal weapons, a proposal which had been put forward earlier in the year.
Read More @ GlobalResearch.ca
US
Defense Secretary Ashton Carter is meeting today at the headquarters of
the US European Command in Stuttgart, Germany with two dozen US
military commanders and European diplomats to discuss how to escalate
their economic and military campaign against Russia. They will assess
the impact of current economic sanctions, as well as NATO’s strategy of
exploiting the crisis in eastern Ukraine to deploy ever-greater numbers
of troops and military equipment to Eastern Europe, threatening Russia
with war.A US defense official told Reuters that the main purpose of the meeting was to “assess and strategize on how the United States and key allies should think about heightened tensions with Russia over the past year.” The official also said Carter was open to providing the Ukrainian regime with lethal weapons, a proposal which had been put forward earlier in the year.
Read More @ GlobalResearch.ca
from Wolf Street:
It could be that Chinese stock market participants have no idea that
there is something wrong beneath the officially rosy covers. Or they
might already know in granular unofficial detail, and fearing the worst,
they’re wagering everything they have, plus some, on stocks to get rich
quick while they still can. They’re opening up brokerage accounts at
record pace and borrowing on margin to ride the wave. If the limits in
China get in the way, they head to Hong Kong to set up trading accounts
and borrow even more.
It has worked so far. The Shanghai Composite Index jumped 8.9% this week and 146% over the past 12 months. It closed above 5,000 for the first time since 2008. The valuation of companies with a primary listing in China skyrocketed by $4.7 trillion this year.
Read More @ Wolfstreet.com
It could be that Chinese stock market participants have no idea that
there is something wrong beneath the officially rosy covers. Or they
might already know in granular unofficial detail, and fearing the worst,
they’re wagering everything they have, plus some, on stocks to get rich
quick while they still can. They’re opening up brokerage accounts at
record pace and borrowing on margin to ride the wave. If the limits in
China get in the way, they head to Hong Kong to set up trading accounts
and borrow even more.It has worked so far. The Shanghai Composite Index jumped 8.9% this week and 146% over the past 12 months. It closed above 5,000 for the first time since 2008. The valuation of companies with a primary listing in China skyrocketed by $4.7 trillion this year.
Read More @ Wolfstreet.com
by Steven St. Angelo, SRS Rocco:
While demand for U.S. Silver Eagles declined somewhat during the first quarter of 2015, the Royal Canadian Mint sold the most Silver Maples ever. The U.S. Mint sold 12.1 million Silver Eagles in the first quarter of 2015 compared to 13.9 million during the same period last year, a decline of 13%. On the other hand, Q1 2015 Canadian Maple Leaf sales actually increased 8.5%.
In the first quarter of 2014, the Royal Canadian Mint sold 8.2 million oz (Moz) of its Silver Maple Leaf coins. This increased 700,000 oz to a new record of 8.9 Moz in the first quarter of 2015:
Read More @ SRSroccoReport.com
While demand for U.S. Silver Eagles declined somewhat during the first quarter of 2015, the Royal Canadian Mint sold the most Silver Maples ever. The U.S. Mint sold 12.1 million Silver Eagles in the first quarter of 2015 compared to 13.9 million during the same period last year, a decline of 13%. On the other hand, Q1 2015 Canadian Maple Leaf sales actually increased 8.5%.
In the first quarter of 2014, the Royal Canadian Mint sold 8.2 million oz (Moz) of its Silver Maple Leaf coins. This increased 700,000 oz to a new record of 8.9 Moz in the first quarter of 2015:
Read More @ SRSroccoReport.com
Nearly half of American households would not be able to afford a $400
emergency, according to a recent report from the Federal Reserve.The Federal Reserve Report on the Economic Well-Being of U.S. Households in 2014 says that 47 percent indicate that they would have great difficulty handling an unexpected $400 expense.
“Specifically, respondents indicate that they simply could not cover the expense (14 percent); would sell something (10 percent); or would rely on one or more means of borrowing to pay for at least part of the expense, including paying with a
Read More @ CNS News.com:
from CrushTheStreet:
from Russia-insider:
The head of Russia’s Central Bank has said the country intends to boost
its gold reserves to $500 billion, which is more than double its
current reserves.
Elvira Nabiullina, head of the Central Bank, told Rossiyskaya Gazeta that Russia will try to boost its gold reserves to $500 billion, even though $188 billion is deemed sufficient for the country.
Currently, Russia possesses some $360.5 billion worth of gold reserves, an amount that covers over three months of imports, the country’s short-term foreign debt, and twenty percent of Russia’s entire money supply.
Read More @ Russia-insider.com
The head of Russia’s Central Bank has said the country intends to boost
its gold reserves to $500 billion, which is more than double its
current reserves.Elvira Nabiullina, head of the Central Bank, told Rossiyskaya Gazeta that Russia will try to boost its gold reserves to $500 billion, even though $188 billion is deemed sufficient for the country.
Currently, Russia possesses some $360.5 billion worth of gold reserves, an amount that covers over three months of imports, the country’s short-term foreign debt, and twenty percent of Russia’s entire money supply.
Read More @ Russia-insider.com
from Pravda:
The US Defense Department has recently held a small exhibition to show off latest killer robots that had been built for Congress and media outlets.
Read More @ english.pravda.ru
The US Defense Department has recently held a small exhibition to show off latest killer robots that had been built for Congress and media outlets.
The exhibition was not open to everyone.
The event that lasted for only a few hours showcased how far the US has
advanced in its ability to kill large groups of people in just a few minutes with the help of robots.
The Pentagon promised members of Congress that there will be many more killer robots,and other terrifying technologies, designed to win the wars of the future.Read More @ english.pravda.ru
from TheAlexJonesChannel:
by Anthony Gucciardi, Natural Society:
Living in the United States, it can be tough to remember that the
so-called ‘food’ we often eat on a daily basis is actually a slew of
processed chemicals and dehydrated filler material. We’ve seen what
happens when Korean girls eat American snacks
for the first time (and the Korean food supply is also quite processed
so it just goes to show how much worse the US processed food supply can
be), and now it’s time to watch Italians try American snacks for the first time.
Checkout the reactions below:
The responses in the video almost seem like these Italians are being force fed ‘food’ products intended for livestock or something, but it’s actually the kinds of food products that compromise more than 90% of most major grocery stores. Processed junk has long captured the attention of American eaters, and is only recently rescinding its grasp on the arteries of the US public. Now, we’re seeing the boom of organics, the fall of McDonald’s, and so much more. But many of us are still gorging on some Dorito’s every now and then.
Read More @ NaturalSociety.com
Living in the United States, it can be tough to remember that the
so-called ‘food’ we often eat on a daily basis is actually a slew of
processed chemicals and dehydrated filler material. We’ve seen what
happens when Korean girls eat American snacks
for the first time (and the Korean food supply is also quite processed
so it just goes to show how much worse the US processed food supply can
be), and now it’s time to watch Italians try American snacks for the first time.Checkout the reactions below:
The responses in the video almost seem like these Italians are being force fed ‘food’ products intended for livestock or something, but it’s actually the kinds of food products that compromise more than 90% of most major grocery stores. Processed junk has long captured the attention of American eaters, and is only recently rescinding its grasp on the arteries of the US public. Now, we’re seeing the boom of organics, the fall of McDonald’s, and so much more. But many of us are still gorging on some Dorito’s every now and then.
Read More @ NaturalSociety.com
from Press TV:
US Republican presidential candidate Lindsey Graham has told Americans to vote for him if they want more wars and avoid terrorist attacks like 9/11.
In an interview with Fox News on Thursday, co-host Steve Doocy questioned Graham’s past war rhetoric.
“A lot of people are just worn out by war,” Doocy told the longtime senator from South Carolina.
“Well, don’t vote for me,” Graham responded. “Don’t vote for me, because I’m telling you what’s coming: Barack Obama’s policies leading from behind are going to allow another 9/11.”
Read More @ PressTV.ir
US Republican presidential candidate Lindsey Graham has told Americans to vote for him if they want more wars and avoid terrorist attacks like 9/11.In an interview with Fox News on Thursday, co-host Steve Doocy questioned Graham’s past war rhetoric.
“A lot of people are just worn out by war,” Doocy told the longtime senator from South Carolina.
“Well, don’t vote for me,” Graham responded. “Don’t vote for me, because I’m telling you what’s coming: Barack Obama’s policies leading from behind are going to allow another 9/11.”
Read More @ PressTV.ir
by Bill Holter, SGT Report.com:
Jim suggested a big picture topic to write about. Each
step forward by the Chinese to make a foothold for the yuan is one step
backwards for the grip the dollar has held over the globe.
This topic has several nuances to it, let’s take a look from several
vantage points. As a spoiler, any “steps back” in today’s fiat currency
world are steps toward a break in confidence. Call it deflation or
hyperinflation, a break in the confidence of fiat currency will end with
many currencies being replaced, this is a major part of your coming
“re-set”.
The first and most obvious is we live in a world with an economic and financial pie of a given size at any point in time. Each deal, each transaction and each “platform” that is done or created by the Chinese for using yuan instead of dollars means the size of the of the pie “slices” change. Any increase in the usage of yuan means a smaller slice for the use of dollars. Yes, theoretically the pie gets larger over time and we’ll get to this shortly, I am simply saying here that in a static system, more yuan usage means less dollar usage.
Read More…
Jim suggested a big picture topic to write about. Each
step forward by the Chinese to make a foothold for the yuan is one step
backwards for the grip the dollar has held over the globe.
This topic has several nuances to it, let’s take a look from several
vantage points. As a spoiler, any “steps back” in today’s fiat currency
world are steps toward a break in confidence. Call it deflation or
hyperinflation, a break in the confidence of fiat currency will end with
many currencies being replaced, this is a major part of your coming
“re-set”.The first and most obvious is we live in a world with an economic and financial pie of a given size at any point in time. Each deal, each transaction and each “platform” that is done or created by the Chinese for using yuan instead of dollars means the size of the of the pie “slices” change. Any increase in the usage of yuan means a smaller slice for the use of dollars. Yes, theoretically the pie gets larger over time and we’ll get to this shortly, I am simply saying here that in a static system, more yuan usage means less dollar usage.
Read More…
by Paul Joseph Watson, Infowars:
Emails released under a Freedom of Information Act request show how one chemical company
CEO was so pleased with the rules being set by the Trans Pacific
Partnership (TPP) trade deal that he joked about making a “royalty
payment” to U.S. government officials before bragging, “these rules are
our rules.”
Emails released under a Freedom of Information Act
400 pages of confidential emails between industry advisors and USTR officials were obtained by Intellectual Property Watch.
The USTR (Office of the United States Trade Representative), is the
U.S. government agency responsible for developing the United States’
trade policy.
One of the emails was written by Jim
DeLisi of Fanwood Chemical, a company that provides “technical
marketing, direct sales, manufacturing and regulatory services” to the
chemical industry.
Addressed to the USTR’s Barbara Weisel, the email states (emphasis mine);
Read More @ Infowars.com/
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