Paying In A Broken World

Submitted by Tyler Durden on 07/31/2015 - 22:25
It does not matter what you hold your savings in only that it will retain value when conventional paper currencies become a despised possession. When that happens you need the ability to buy the things you need with what you physically have on hand. The question you must answer is what will you have on hand when that day comes.

Paul Craig Roberts – We Are In Scary Times As The Russians Won’t Comply And The Risk Of World War Is Rising

from KingWorldNews:
We are in scary times. The neoconservative ideology which rules American foreign policy and military policy says that the first objective is to prevent the rise of Russia. So if that’s your first objective, then you have to prevent Russia’s rise. In other words, you are committed to war. They tried a coup in Ukraine. They’ll try the same thing in the former Soviet central Asian republics like Kurdistan, Uzbekistan. They will create propaganda about how Russia is going to attack Poland or the Baltics.
The Russians Are Not Going To Comply
They will build up all their troops and bases, hoping to knuckle Russia under and make them agree to comply with American foreign policy. But the Russians are not going to do it. The Russians are not going to comply. So unless some change happens, we are on the road to war.
Dr. Roberts continues @ KingWorldNews.com

Commodities Are Screaming Trouble But the Fed Isn’t Listening

by Pam Martens and Russ Martens, Wall Street on Parade:

The commodities slump has accelerated this past month with gold now trading at five-year lows and the U.S. crude benchmark, West Texas Intermediate (WTI), down 19 percent in just the past month, 49 percent on the year, and 57 percent in the past two years. In early morning trade, WTI is at $47.82 versus $110 two years ago.
Minutes of the Federal Reserve’s Open Market Committee meeting on December 16 and 17 reveal that the Fed was expecting an upturn in oil prices this year, writing: “…inflation was projected to reach the Committee’s objective over time, with longer-run inflation expectations assumed to remain stable, prices of energy and non-oil imports forecast to begin rising next year, and slack in labor and product markets anticipated to diminish slowly.”
CNN Money is reporting this morning that major iron ore or metals exporting countries like Peru (copper), Chile (copper), South Africa (iron ore and gold), Australia (iron ore and gold), Brazil (iron ore), Zambia (copper), and Democratic Republic of the Congo (metals and crude oil) are experiencing a serious economic impact from the plunge in commodity prices over the past year.
Read More @ WallStreetonParade.com

The World Map Of Hubris & Humiliation

Submitted by Tyler Durden on 07/31/2015 - 21:50 The journey from hubris to humiliation in EM has taken roughly 5 years. As BofAML notes, despite muted asset returns, 2015 has seen the emergence of two big trends: the risk of a bubble in US health care & technology; and the crash in EM/Resources/Commodities. The two trends are best exemplified by the "Map of Hubris & Humiliation" which shows among other things that the market cap of MSCI Russia is currently equivalent to Intel’s, while the market cap of Netflix equals that of MSCI Chile.


BofA: The U.S. Economy’s ‘Moment of Truth’ Has Almost Arrived

"There's A Bubble In Pessimism Worldwide, Come On, You Read Zero Hedge!"

Submitted by Tyler Durden on 07/31/2015 - 14:41 When all of your arguments have been crushed with brutal determination, what better way to prove you have no idea what you are talking about than to name drop this website, and start laughing hysterically.

Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000

Submitted by Tyler Durden on 07/31/2015 - 14:35 "Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

Ron Paul: "All Wars Are Paid For Through Debasing The Currency"

Submitted by Tyler Durden on 07/31/2015 - 21:15 "...seen from the proper angle, the dollar is revealed to be a paper thin instrument of warfare, a ripple effect on the people, a twisted illusion, a weaponized money now engaged in a covert economic warfare that threatens their very livelihood."

Goldman Warns "The Global Economy Is Going Round In (Smaller & Smaller) Circles"

Submitted by Tyler Durden on 07/31/2015 - 20:40 Amid the collapse in commodities, crashing Chinese stocks, the weakest US wage growth in US history, and a data-dependent Fed; Goldman Sachs fears the new normal is 'shorter-and-faster' business cycles with no persistence primed by monetary policies. Most wprryingly, they conclude, will short business cycles beget shorter business cycles?

The IMF Experts Flunk, Again

Submitted by Tyler Durden on 07/31/2015 - 20:05 The IMF failures in Greece bring back vivid memories of the Asian Financial Crisis of 1997-98... As the Indonesian episode should teach us, the IMF’s management can be very political and often neither trustworthy nor competent. Greece offers yet another chapter.

Al-Qaeda Attacks CIA-Trained Syrian "Freedom Fighters"; Commander Captured

Submitted by Tyler Durden on 07/31/2015 - 19:30 "We warn soldiers of (Division 30) against proceeding in the American project. We, and the Sunni people in Syria, will not allow their sacrifices to be offered on a golden platter to the American side."

Bernie, The Koch Brothers, & Open Borders

Submitted by Tyler Durden on 07/31/2015 - 18:55 Presidential hopeful Bernie Sanders recently raised the ire of both progressives and libertarians with his remarks concerning immigration. In just a few sentences, Sanders manages to demonstrate a hodgepodge of nativist, nationalist, protectionist, and socialist sentiments. But for anyone wondering why he wandered off the progressive narrative on immigration, it’s because protectionist labor unions pay him better than, say, La Raza.


I would do the same...

Should It Be A Crime To Shoot Down A Drone Over Your Property?

Submitted by Tyler Durden on 07/31/2015 - 18:20 A Hillview man has been arrested after he shot down a drone flying over his property - but he's not making any apologies for it. "I just think you should have privacy in your own backyard," said William Merideth, 47, "I went and got my shotgun and I said, "I'm not going to do anything unless it's directly over my property."" That moment soon arrived, "within a minute or so, here it came... it was hovering over top of my property, and I shot it out of the sky." Merideth was arrested and charged with first degree criminal mischief and first degree wanton endangerment...

Congress Passes Bill In 15 Minutes To Revoke Americans' Passports Without Due Process

Submitted by Tyler Durden on 07/31/2015 - 17:45 The “war on terror” is a status quo fraud perpetuated by the oligarch-controlled mainstream media and authoritarian members of Congress as a way to systematically strip the American public of its freedom and civil rights in the name of fighting an outside enemy. This tried and true tactic has been used by statists throughout history, and history is indeed repeating itself here in the “land of the free.”

ANONYMOUS Hackers Fight For Liberty

from Press For Truth :



“Anonymous has vowed revenge on Canadian authorities and all I can say is, so long as it’s peaceful, go get ’em! Even though it’s technically illegal to hack into government servers, well since we live in a democracy where “we” are apparently the government, or that the government represents us — then it should be okay. I mean if we are the government then we must really just be hacking into our own system. Kind of like when you lock yourself out of your car and have to break in. You’re not really breaking into a car, because that car is yours and you just accidentally locked yourself out. So if we are the state, then the government must have accidentally locked us out of our country. So thank you Anonymous for returning power back where it belongs!” – Dan Dicks

President Jimmy Carter Speaks TRUTH: “The United States is an Oligarchy” with ““UNLIMITED Political BRIBERY”

from thomhartmann:



Thom Hartmann talks with President Jimmy Carter, 39th President of the United States (1977 to 1981) / Humanitarian / Awarded Nobel Peace Prize in 2002 / Author of many books, including his latest, A Full Life…Reflections at Ninety

The Fall of Chicago — There Will Be No Economic Recovery

from Stefan Molyneux:

Pentagon Employing Top Scientists to Improve US Propaganda Machine

by Cassius Methyl, Activist Post:
Throughout human history, governments have been interested in “mastering the human domain”—in fully understanding how to control the minds of their populations. In 2015, DARPA’s “Narrative Networks” (or N2) program is in full swing. The project is intended to analyze how “narratives” play into human psychology, delving into the way these constructs affect the mind. A narrative is a way of phrasing something, a choice of words, for example, that is likely a biased strategy to frame information.
“Narratives exert a powerful influence on human thoughts, emotions and behavior and can be particularly important in security contexts,” DARPA researchers said in a paper published in the Journal of Neuroscience Methods.
They discussed “…conflict resolution and counterterrorism scenarios [and] detecting the neural response underlying empathy induced by stories is of critical importance.”
Read More @ ActivistPost.com

Obama Administration “Hell-Bent” on Keeping War Crimes Secret

from RTAmerica:

Robotic Surgical Systems Linked to 144 Deaths, 1,000+ Injuries in 14 Years

by Julie Fidler, Natural Society:
In the last 14 years, at least 144 people have died and more than 1,000 have been injured in the U.S. as a result of undergoing robotic surgery. [1]
The injuries, many of them fatal, were the result of broken instruments falling into patients’ bodies, electric sparks burning patients’ tissues, and system errors making surgical procedures take longer than planned. There have even been reports of a robotic hand that wouldn’t let go of tissue grasped during surgery, and a robotic arm smacking a patient in the face as she lay on the operating table. [1]
The study, conducted by researchers at the University of Illinois at Urbana-Champaign, the Massachusetts Institute of Technology and Chicago’s Rush University Medical Center, states:
Read More @ NaturalSociety.com

ISRAELIS Arrested in JPMorgan Hack Case — #NewWorldNextWeek

from corbettreport:

Canada’s NEW Loonie Assassin – Bullion Bulls Canada

by Jeff Nielson, Sprott Money:
There is a heinous mythology that has circulated throughout the Western world for (now) over a generation. It is cloaked in the guise of “economic wisdom”, by the Corporate media and the charlatan economists. This mythology preaches the absurd nonsense that the path to a strong economy is via a weak currency, i.e. through sabotaging one’s own currency.
This economic heresy has reached such epidemic proportions that it has culminated in the utter insanity of “competitive devaluation” : governments collectively making it their official, public policy to race to see who can drive the value of their currency to zero the fastest.
Read More @ SprottMoney.com:

Congressmen Move to Oust Speaker John Boehner

by Tim Brown, Freedom Outpost:

I wrote back in March that John Boehner, according to his own State Constitution, should not even be in office. Sadly, too many in his own state, including the State’s Attorney General are to spineless to enforce their own constitution. Yet, in Congress we are hearing that there is an attempt to at least remove the Democrat, I’m sorry, Republican in name only, John Boehner from his place as Speaker of the House.
Rep. Mark Meadows (R-NC) filed are resolution to declare, “the office of Speaker of House of Representatives vacant,” which would strip John Boehner of his office as Speaker. In other words, it’s a resolution of “no faith” in Boehner.
Meadows’ resolution (HR 385) reads as follows:
Read More @ FreedomOutpost.com

Here We Go Again…

by Karl Denninger, Market-Ticker:

Apparently Bullion Direct, a relatively-popular place to buy and sell gold and silver, has gone under.
That’s ok, people go bankrupt all the time.
But it appears this time there was a bit of a problem with people’s transactions in-process, and perhaps with alleged metal being stored.
Folks, you need to get something through your heads, which I’ve tried to explain before: Nobody works for free.  If you think you can run a company off a 1% commission or some such, well, you can’t.  What this means is that it’s pretty common for various other forms of money-making to take place in a business where it appears that a tiny premium (if any) is being charged, and the easiest way to do it is for the dealer to be an actual speculator and either buy ahead or sell behind.
Read More @ Market-Ticker.org

QE will return to hike gold and oil prices predicts Albert Edwards

by Peter Cooper, GoldSeek:
What could revive gold and oil prices from their current cyclical lows? It was quantitative easing that pushed prices up after the last global financial crisis. Is it about to happen all over again?
Central banks in the Western world have set the scene for an ‘even bigger version’ of the 2007-2008 global financial crisis, Societe Generale’s bearish strategist Albert Edwards said in a research note yesterday.
Chinese stock market crash
Mr. Edwards said that China’s intervention to stabilize its volatile stock market was part of a larger global story, in which ‘rock bottom’ interest rates and large fiscal deficits in the western world were pushing the global economy towards a fall.
Read More @ GoldSeek.com
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