by Bix Weir, RoadToRoota.com:
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”–Thomas Jefferson
It seems “We The Sheeplez” have been asleep for the last 60 years in America. We went to bed soon after WWII and woke up in a land that we do not recognize. We are financially and morally bankrupt, engaged in senseless wars around the world, invading the privacy our citizens, completely shredding our US Constitution and all the while sucking the last bit of Liberty from once free AMERICAN CITIZENS. We have totally forgotten who we are.
Just watch this cartoon from 1948…
For close to 100 years the United States of America has been at war with a group of bankers and power brokers who’s goal it was to take over all aspects of our lives. In doing so they would be able to steer us in whatever direction they thought would most benefit their own self serving goals. One of their major drivers was their determination that with a rapidly growing population the natural resources of the world would eventually run out and we would all have to suffer. If they were to decrease the population they could prolong the natural limitations on human consumption and create a smaller human population that would be much more manageable and easier to control.
Read More @ RoadToRoota.com
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”–Thomas Jefferson
It seems “We The Sheeplez” have been asleep for the last 60 years in America. We went to bed soon after WWII and woke up in a land that we do not recognize. We are financially and morally bankrupt, engaged in senseless wars around the world, invading the privacy our citizens, completely shredding our US Constitution and all the while sucking the last bit of Liberty from once free AMERICAN CITIZENS. We have totally forgotten who we are.
Just watch this cartoon from 1948…
For close to 100 years the United States of America has been at war with a group of bankers and power brokers who’s goal it was to take over all aspects of our lives. In doing so they would be able to steer us in whatever direction they thought would most benefit their own self serving goals. One of their major drivers was their determination that with a rapidly growing population the natural resources of the world would eventually run out and we would all have to suffer. If they were to decrease the population they could prolong the natural limitations on human consumption and create a smaller human population that would be much more manageable and easier to control.
Read More @ RoadToRoota.com
A few hours ago the Des Moines Register threw its support behind the Bain Capital founder, and the man now known to have actively destroyed any trace of
his public "service" before his 2007 Massachusettes office handover
(with a pending response to a Reuters FOIA, which will disclose just
what it was that Romney was so tenuously shredding). Because according
to the Iowan newspaper, Mitt Romney "is the best to lead" America,
although into what, is not quite clear - perhaps the biggest Fed funded
LBO (with a Bain Capital $1 mezz piece) of all time, that of America?
We don't know. And neither does the Register's editorial board. What
they do know are hollow adjectives, such as "sobriety", "wisdom" and
"judgment" which somehow are applicable to Romney, if not so much
"betting" and "shredding." Those looking for a late night laugh can read
the OpEd below (link to tomorrow's front page here).
And ironically, while likely set to provide a very short-term boost to
Romney's chances, it is the baseless ongoing accusations against Ron
Paul that will likely solidify the groundswell behind the Texan, with
such desperate platitudes as "Ron Paul's libertarian ideology would lead
to economic chaos and isolationism, neither of which this nation can
afford." Because what America certainly needs is more of that old
ideology of doing everything just the same and hoping for the best,
because if there is anything Romney's would be predecessors have taught
us is that hope apparently is a credible strategy. But perhaps most relevant is the reminder that the Des Moines Register is a Gannett company whose Chairman just happens to be one Marjorie Magner, whose bio reads: 'Ms. Magner, 61, is Managing
Partner of Brysam Global Partners, a private equity firm investing in
financial services firms with a focus on consumer opportunities in
emerging markets founded in January 2007. She was Chairman and
CEO of Citigroup's Global Consumer Group from 2003 to 2005. She served
in various roles at Citigroup, and a predecessor company,
CitiFinancial (previously Commercial Credit), since 1987. Ms. Magner
currently serves as a director of Accenture Ltd. and Ally Financial
Inc. and served as a director of The Charles Schwab Corporation from
February 2006 to May 2008. Ms. Magner has broad business experience and
financial expertise from the various senior management roles she held
with Citigroup."
For those of us watching the gold markets—that is, those of us anticipating the collapse of the euro and the eventual collapse of the dollar—the last week has been a scary ride: Gold has fallen over 8.6%, from a high of $1,730 on December 7 to $1,580 on December 14.
WTF???, I can practically hear everyone say. The fundamentals would point to gold being a safe haven play—it should not be falling: If anything, it ought to be rising.
But a fall of 8.6%? In a week?
The first thing that pops into my head is, Don’t Panic!!
The second thing that pops into my head is, This is to be expected—and is only a temporary pullback.
Read More @ GonzaloLira.Blogspot.com
by Alasdair Macleod, GoldMoney.com:
This
is the time of year when City pundits produce their forecasts for the
forthcoming year. Historically there has been little point to this
exercise. Instead, here is the one chart which defines the background to
all events in the coming years. It is the Mises Institute’s True Money Supply (TMS) for the US dollar.
TMS consists of cash, checking accounts and no-notice deposit accounts,
as well as a few other minor cash balances. It represents the actual
cash and electronic cash in the system that is instantly available for
purchases of goods and services, and the chart goes back to 1959.
The dotted line is the exponential growth trend, in other words the maximum rate of growth that can continue for ever. This trend was valid until mid-2002, since when TMS has accelerated at a faster rate, telling us that TMS growth entered a hyperbolic phase when the Fed eased rates in the wake of the dot-com collapse. Put another way TMS is already hyperinflationary.
Read More (and See the Chart) @ GoldMoney.com
Jim Sinclair’s Commentary
Senate Votes to Extend Payroll Tax Cut for Two Months Saturday, December 17, 2011 — 10:22 AM EST
WASHINGTON — In the ultimate cap to a year of last-minute, half-loaf legislation, the Senate voted overwhelmingly on Saturday to extend a payroll tax cut for a two months, with the chamber’s leaders and the White House proclaiming victory, even as they pushed the issue of how to extend the tax cut and unemployment benefits into the new year.
In an unusual Saturday vote, the Senate approved a $30 billion package to extend unemployment benefits, a payroll tax holiday for millions of American workers and to avoid cuts in payments to doctors who accept Medicare through February, when Congress will once again be locked in battle over whether and how to further extend those provisions.
The agreement — should it get through the House — mirrors a series of 11th-hour deals devised by the the 112th Congress that appear to solve an impending crisis, but simply push forward, most notably the agreement last summer to raise the debt ceiling. That created a 12-member Congressional committee whose job was to complete the deficit reduction goals that Congress failed to achieve on their own. That group achieved nothing, necessitating the legislation that Congress is wrangling with now.
A failure to even extend a modest tax break for 160 million Americans for a single year — something both sides would love as political feather’s in their election-year caps — is particularly remarkable in a Congress charged with far more significant items.
“Today is an important day for our country,” said Senator Harry Reid of Nevada, the majority leader, as he explained from the Senate floor Saturday why his chamber would be voting on a bill, conceived Friday in private between Senate leaders to extend the tax for only two months. “We are doing today exactly what the Founding Fathers thought we would do,” and passage of the bills is “an accomplishment important for the American people.”
More…
This
is the time of year when City pundits produce their forecasts for the
forthcoming year. Historically there has been little point to this
exercise. Instead, here is the one chart which defines the background to
all events in the coming years. It is the Mises Institute’s True Money Supply (TMS) for the US dollar.
TMS consists of cash, checking accounts and no-notice deposit accounts,
as well as a few other minor cash balances. It represents the actual
cash and electronic cash in the system that is instantly available for
purchases of goods and services, and the chart goes back to 1959.The dotted line is the exponential growth trend, in other words the maximum rate of growth that can continue for ever. This trend was valid until mid-2002, since when TMS has accelerated at a faster rate, telling us that TMS growth entered a hyperbolic phase when the Fed eased rates in the wake of the dot-com collapse. Put another way TMS is already hyperinflationary.
Read More (and See the Chart) @ GoldMoney.com
from King World News:
With
mounting fears over the plunge in gold and silver and continued
volatility in markets globally, the Godfather of newsletter writers,
Richard Russell, had this to say about gold, mining shares and stocks in
his latest commentary, “I’ve often wondered why we’re here on this good
earth. And after maybe half a century of pondering, I’ve concluded
that we’re here to learn. Some people even believe that circumstances
were prearranged from above so that we would have to learn.”
Richard Russell continues: Read More @ KingWorldNews.com
With
mounting fears over the plunge in gold and silver and continued
volatility in markets globally, the Godfather of newsletter writers,
Richard Russell, had this to say about gold, mining shares and stocks in
his latest commentary, “I’ve often wondered why we’re here on this good
earth. And after maybe half a century of pondering, I’ve concluded
that we’re here to learn. Some people even believe that circumstances
were prearranged from above so that we would have to learn.”Richard Russell continues: Read More @ KingWorldNews.com
from End of The American Dream:
Are we on the verge of another Great Depression? Christian Lagarde, the head of the IMF, said this week that if dramatic action is not taken immediately we could actually see conditions “reminiscent of the 1930s depression” and that no country on earth “will be immune to the crisis”. Right now, financial panic is sweeping across Europe, but most Americans are not too concerned about it because they simply don’t understand how important the EU is. The truth is that the EU has a much larger population than the United States does. The EU has an economy that is nearly as large as the economies of the United States and China combined. The EU has more Fortune 500 companies that the United States does, and the banking system of Europe is substantially larger than the banking system of the United States. Anyone out there that believes that a massive financial collapse in Europe would not dramatically affect the rest of the globe is being delusional. The European debt crisis is one of the biggest stories that we have seen in a long, long time and the coming financial meltdown is going to permanently change the global economy.
So far, politicians in Europe have held 19 high-level emergency meetings in an attempt to solve this crisis.
Read More @ EndOfTheAmericanDream.com
Are we on the verge of another Great Depression? Christian Lagarde, the head of the IMF, said this week that if dramatic action is not taken immediately we could actually see conditions “reminiscent of the 1930s depression” and that no country on earth “will be immune to the crisis”. Right now, financial panic is sweeping across Europe, but most Americans are not too concerned about it because they simply don’t understand how important the EU is. The truth is that the EU has a much larger population than the United States does. The EU has an economy that is nearly as large as the economies of the United States and China combined. The EU has more Fortune 500 companies that the United States does, and the banking system of Europe is substantially larger than the banking system of the United States. Anyone out there that believes that a massive financial collapse in Europe would not dramatically affect the rest of the globe is being delusional. The European debt crisis is one of the biggest stories that we have seen in a long, long time and the coming financial meltdown is going to permanently change the global economy.
So far, politicians in Europe have held 19 high-level emergency meetings in an attempt to solve this crisis.
Read More @ EndOfTheAmericanDream.com
Jim Sinclair’s Commentary
This is not decision making leadership. It is a short can kick.
This cannot increase confidence in management.
Senate Votes to Extend Payroll Tax Cut for Two Months Saturday, December 17, 2011 — 10:22 AM EST
WASHINGTON — In the ultimate cap to a year of last-minute, half-loaf legislation, the Senate voted overwhelmingly on Saturday to extend a payroll tax cut for a two months, with the chamber’s leaders and the White House proclaiming victory, even as they pushed the issue of how to extend the tax cut and unemployment benefits into the new year.
In an unusual Saturday vote, the Senate approved a $30 billion package to extend unemployment benefits, a payroll tax holiday for millions of American workers and to avoid cuts in payments to doctors who accept Medicare through February, when Congress will once again be locked in battle over whether and how to further extend those provisions.
The agreement — should it get through the House — mirrors a series of 11th-hour deals devised by the the 112th Congress that appear to solve an impending crisis, but simply push forward, most notably the agreement last summer to raise the debt ceiling. That created a 12-member Congressional committee whose job was to complete the deficit reduction goals that Congress failed to achieve on their own. That group achieved nothing, necessitating the legislation that Congress is wrangling with now.
A failure to even extend a modest tax break for 160 million Americans for a single year — something both sides would love as political feather’s in their election-year caps — is particularly remarkable in a Congress charged with far more significant items.
“Today is an important day for our country,” said Senator Harry Reid of Nevada, the majority leader, as he explained from the Senate floor Saturday why his chamber would be voting on a bill, conceived Friday in private between Senate leaders to extend the tax for only two months. “We are doing today exactly what the Founding Fathers thought we would do,” and passage of the bills is “an accomplishment important for the American people.”
More…
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