“The UK Has Run Out Of Money” – George Osborne

The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.

[Ed. Note: For anyone who takes issue with Andy Hoffman's recent $1,000+ Silver call, we advise that you add up the total amount of outstanding bonds (debt), credit cards (debt), mortgages (debt) and consumer debt on planet earth. Factor in the multi-trillion dollar budgetary shortfalls of nation states and regional governments. Add in a dash of under-funded pension funds, Social Security and Medicare. Tally up the hundreds of trillions in outstanding derivatives, and then divide it all by $30 billion or so in above-ground physical silver... then get back to us.]

by Rowena Mason, Telegraph.co.uk:
In a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy.
Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers.
“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.”
Read More @ Telegraph.co.uk

 

 

Ron Paul 43% Vs. Obama 41% – Daily Presidential Tracking Poll

[Ed. Note: Can someone please reply to this post with any evidence whatsoever showing that ANY of the other GOP candidates receives the same kind of "enthusiastic" reception from their supporters, as Ron Paul does from his? Below, please see Dr. Paul's introduction at Michigan State University on Monday, February 27th, 2012, where a standing room only crowd of 4,000 expressed their appreciation for the good doctor. Because if this is the reception the third place guy gets, than "front runner" Mittens must be filling football stadiums by now.]
from Rasmussen Reports:
[Excerpt] …For the first time since late December 2011, Mitt Romney leads the president in a hypothetical 2012 matchup. Romney earns 45% of the vote, while the president attracts support from 43%. Romney holds a nine-point advantage among unaffiliated voters.
For the first time ever, Texas Congressman Ron Paul also leads the president. In that matchup, 43% prefer Paul and 41% Obama. Ten percent (10%) would vote for some other option, a figure that includes 17% of Republicans.
Read More @ rasmussenreports.com

 

 

Buy Gold...schlager: Booze Inflation Highest In 20 Years

Americans can handle soaring rent, gas, and even food prices (all those thing that the Fed conveniently ignores) with the stoic patience of a Greek who welcomes 160 German tax collectors on his rehypothecated front porch. But if there is one thing that is sure to kindle the revolutionary spirits it is the soaring price of booze. As it just so happens, ships are parked in the Boston harbor with crates of Grey Goose prepped for tossage overboard as we speak. As the following chart of alcoholic beverage inflation indicates, courtesy of John Lohman, January saw the biggest month over month spike in booze inflation in 20 years. In other words, about 90% of all traders alive today have never seen a bigger jump in liquor inflation in their lives. Then again, with nobody trading any more, and since the new venue du jour of most of said now ex-traders is the local watering hole, perhaps we are seeing demand pull inflation in at least one item. Needless to say, there is something very ironic that surging alcohol inflation is the only thing that is resilient to the central banks (un)sterilized liquidity explosion. The good news: there is distinct relative deflation in the cost of ammunition. At least for the time being...

JPM Pwns Nancy Pelosi

Last week we had the mispleasure of suffering a subdural hematoma or 7 after reading CA Congresswoman Nancy Pelosi's formal response to the gas price shock, in which it became abundantly clear that the amount of heavy metals in the California water supply is directly proportional to the insolvency of said state. Yet the only thing better than the resulting cathartic post, which had over 57,000 reads, and hundreds of comments, is JPMorgan doing the very same to what some allege is the most corrupt and incompetent legislator in the history of the US Congress. Which, to our and our readers' utmost delight, is precisely what happened today, when JPM Private Bank CIO Michael Cembalest decided to clinically deconstruct her argument into its constituent utterly insane components. Below we present the carnage.

The Curious Warren Buffet

Dave in Denver at The Golden Truth - 6 hours ago

*Warren Buffet is so 1980's. His aura peaked in the 1990's. He should've sold out and moved to the South Pacific. By the time he dies, he will have made himself look like a complete jack-ass, especially with regard to his comments about gold.* Before I start in on my commentary, I wanted to post a little update to the housing data that has been released over the past few days. I think these numbers further support claim that the housing data is misleadingly manipulated and fraudulent and that the housing market is headed a lot lower. New home sales were reported on Friday for... more »

 

 

G20 meeting a complete failure/gold and silver/Greece in Selective Default S and P/

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 7 hours ago

Good evening Ladies and Gentlemen: Gold closed down $1.50 to finish the comex session at $1773.60  (1:30 pm est).  Silver on the other hand rose by 19 cents to close at $35.52.  Europe got a jolt as the G20 completely snubbed advances by Europe for bailout help.  The LTRO refinancing begins its bidding tomorrow with results on Wednesday.  The German government approved the financing for Greece more »

 

 

Gold encountering resistance near $1780

Trader Dan at Trader Dan's Market Views - 8 hours ago

Based on what we have seen in the price action the last few trading sessions, gold is having some difficulty convincingly clearing the level near $1780. That has now formed as a technical chart level that will need to be taken out to set up the potential for a thrust to the $1800 mark. If the bulls can do that, the level near $1820-$1825 comes into play. Downside support still remains untested near the $1750 level. You will recall that it was this level that kept the price from moving higher on the way up after gold stalled out there on several tests. I will feel extremely confiden... more »

 

 

Scientific Study Shows That The Powerful and Privileged Are More LIkely to Lie, Cheat, and Steal

more »

 

Gold Daily and Silver Weekly Charts - SP Cuts Greece to 'Selective Default'

No, ITG, Zero Hedge Would Prefer To Not Regulate You Either

While reading Advanced Trading today we stumbled across the following curious excerpt:

Advanced Trading: You mentioned regulators and politicians are ignorant ...
[ITG's Jamie] Selway: I would say that their knowledge is incomplete.
Advanced Trading: Is this causing HFT to be scape-goated?
[ITG'S Jamie] Selway: Yes, there's a mixture of that. I am fond of saying I am not a huge regulations guy but I am a fan of regulations at an appropriate level that boosts confidence. I for one would prefer to be regulated by the SEC and not by ZeroHedge. So we have a team of experts and multiple agencies that are expert in regulations and know the markets and have the resources.

Here is our response.

Guest Post: The Post-2009 Northern & Western European Housing Bubble

Could Sweden or Finland be the scene of the next European financial crisis? It is actually far likelier than most people realize. While the world has been laser-focused on the woes of the heavily-indebted PIIGS nations for the last couple of years, property markets in Northern and Western European countries have been bubbling up to dizzying new heights in a repeat performance of the very property bubbles that caused the global financial crisis in the first place. Nordic and Western European countries such as Norway and Switzerland have attracted strong investment inflows due to their perceived economic safe-haven statuses, serving to further inflate these countries’ preexisting property bubbles that had expanded from the mid-1990s until 2008. With their overheated economies and ballooning property bubbles, today’s safe-haven European countries may very well be tomorrow’s Greeces and Italys.

The Final Final Greek PSI Decision Tree

A few days ago, before the definitive Greek PSI term sheet was available, we presented the complete preliminary BNP PariBas decision which despite having some assumptions was almost spot on in its flow chartness of Greek next steps. Today, to avoid any confusion on the matter, here is Bank of America with its take on the finalized Greek PSI Terms and the final final (until changed yet again) Greek decision tree.

Guest Post: Guess Who Folded Now

Banking privacy is dead. Completely, totally dead. Murdered, really. The US government is the assailant, and FATCA is the murder weapon. We’ve talked about this a few times before– FATCA is the heinously insidiously piece of legislation that the Honorable Barrack Hussein Obama passed into law in 2010 as part of the “Hiring Incentives to Restore Employment Act”. There were no hiring incentives, and there was no restoration of employment. But any vestiges of banking privacy were destroyed. In brief, FATCA has two key concepts. First, it requires an additional (and completely unnecessary) layer of reporting from all US taxpayers who have ‘foreign financial accounts’ at ‘foreign financial institutions.’ Though as we have discussed before, both of these critical terms are ridiculously and flagrantly ambiguous, putting the onus entirely on the taxpayer. The second key issue is that FATCA puts a burden on ALL foreign financial institutions worldwide to enter into an information-sharing agreement with the IRS; this essentially obliges every bank on the planet to submit reports and customers’ private data to the IRS.  Such provisions are absolutely, 100% impossible. And it’s becoming clear that FATCA was passed with no intention of being enforceable. It’s inconceivable that every institution on the planet could enter into an agreement. And it’s inconceivable that every institution on the planet could possibly know whether every other institution has entered into the agreement. The only thing FATCA has accomplished is scaring the living daylights out of non-US banks. So much so that foreign banks have approached their governments to ask for help.

The PPT Must Have Thought We Had Moved To Daylight Savings

Time and left at 3pm after trying to ramp it up then. Weird day. The morning drop seemed overdone based on "fears" of a German vote against the ECB/Bank bailout using Greece as a conduit for the money. The vote was strongly in favor which made markets happy, though someday maybe someone will present an argument other than "give them money or plunge the world into chaos". The lack of news out of the IMF wasn't good, but it keeps the ability to create rumors of new money alive and well, which is probably far more useful on a day to day basis in this market.

In The News Today

February 27, 2012, at 7:38 pm
by Jim Sinclair 

Jim Sinclair’s Commentary

Eric King of www.KingWorldNews.com has interviewed Egon von Greyerz on what he sees coming for the gold market in the next few weeks.

Greyerz – Gold Will Trade Above $2,000 by the End of March
Today Egon von Greyerz told King World News that we will see some major fireworks in both the gold and silver markets by the end of March.  Von Greyerz also discussed the extraordinary increase in world money supply.  Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland.  Here is what von Greyerz had to say about what is happening: “We spoke last week and I said gold would begin a strong move to the upside and that’s exactly what we’ve seen.  I also mentioned we should see this strong move in gold continue for at least a month without any significant correction.  We are about $60 higher this week and that was as expected.”
Egon von Greyerz continues: 
“I think this move will continue and we should see at least $2,000 by the end of March.  It’s obvious why, since we last talked the Greek package has come and gone.  Everybody who understands this knows it has failed.
What central banks around the world are trying to do, the Titanic, the world economy, is sinking and they can’t even rearrange one deck chair.  The one deck chair is Greece.  Greece isn’t solved.  In the end Greece will default.
In the last eighteen months world money supply has gone up by $10 trillion.  There is massive money printing taking place worldwide.  So, central banks are doing this, but it is the wrong remedy because we are not going to solve anything by printing.
Click here to read the full interview…








Jim Sinclair’s Commentary

Only the International Swaps and Derivative Association opines on what is a default as it applies to credit default swaps. S&P carries no power over the performance (or lack thereof) of CDSs.

S&P downgrades Greece to selective default
ATHENS — Standard & Poor’s on Monday cut Greece long-term ratings to ‘selective default’, the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.
S&P said that once the debt exchange is concluded, it will likely raise Greece’s sovereign credit rating to the ‘CCC’ category.
"We lowered our sovereign credit ratings on Greece to ‘SD’ following the Greek government’s retroactive insertion of collective action clauses (CACs)," the U.S. ratings agency said.
It said Greece’s retroactive insertion of CACs — which enforce losses on investors who do not voluntarily sign up to the offer — changed the original terms of the affected debt and made the exchange a "distressed debt restructuring".
Greece formally launched the bond swap on Friday. Under the deal, bondholders are to take losses of 53.5 percent on the nominal value of their Greek bonds, with actual losses put at around 74 percent in real terms.
S&P’s move follows that of Fitch, which last week cut Greece’s long-term ratings to its lowest rating above a default as a result of the bond exchange plan.
More…





Jim Sinclair’s Commentary

There will be many more to follow as many are sitting directly on the go/no go decision

Stockton to Take Steps Toward Bankruptcy, City Manager Says February 24, 2012, 5:22 PM EST
By Alison Vekshin and Michael B. Marois
Feb. 24 (Bloomberg) — Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today.
The Stockton City Council will meet Feb. 28 to consider a type of mediation that allows creditors to participate, the first move toward a Chapter 9 bankruptcy filing under a new state law. The council will also weigh suspending some payments on long-term debt of about $702 million, according to a 2010 financial statement.
“Somebody has to suffer and in this case the city manager has decided it should be the bondholders who suffer,” Marc Levinson of the Sacramento-based law firm Orrick, Herrington & Sutcliffe LLP, which represents the city, said at a news briefing at Stockton’s City Hall today.
Stockton, a farming center about 80 miles (130 kilometers) east of San Francisco, has fought to avert bankruptcy by shrinking its payroll, including a quarter of the roughly 425- member police force. At 292,000, the city has more than twice as many residents as Vallejo, California, which became a national symbol for distressed municipal finance in 2008 when it sought protection from creditors.
More…

 

 

Jim’s Mailbox

February 27, 2012, at 2:38 pm
by Jim Sinclair 

Is That A Bell I Hear Ringing? CIGA Bill Holter.

Dear CIGAs,

Attached is a chart ( www.stockcharts.com) for the HUI index going back 3 years on a weekly basis.  I usually do not talk or write about charts because they can and are "painted" to make a picture that the "planners" want us to see. In my opinion, they have painted themselves into a corner where the mining stocks are concerned.  So what does this mean to you?  It means that IF you have endured and held on to your mining shares and not been scared out, you will FINALLY get paid and get paid BIG! Let me explain.
If you look at the chart, you will see the MACD at the bottom (moving average convergence divergence), these are the two squiggly red and black lines that keep crossing over each other. Whenever the black line crosses over the red line from a high point or low point, it usually tells you the direction of the index for the next couple of months or so. You will notice that the highest crossover point where black crossed red to the downside was back in 2009 (after the ’08 crash). Each successive rally reached a lower height on the MACD’s and the low point crossovers were successively lower. This, while the HUI index is just a little bit higher but has been basically "marking time". During this period, Gold has outperformed the shares in a huge way. Another way of saying this is that the shares are now more undervalued vs. Gold than they have been over these 3 years. In fact, the shares have only been this undervalued twice since the bull market began, 2001 and 2008.
OK, so let’s put this sucker together. The MACD is right now crossing over to the upside from a very low point AFTER Gold has doubled in value and the shares have gone nowhere for 2 to 3 years.  The RSI (relative strength) at the top of the chart is nowhere near overbought, the index is above the 200 week moving average and bumping up against the 50 week moving average (after trading below it for much of last year). What I am describing is a coiled spring!  I am not saying that we go straight up from here, I am saying that the "trend" should be UP for the next 2-3 years while the weeklies work their way back upwards on a cyclical basis.
Charts can be painted yes, which is why I say the "planners" have painted themselves into a corner!  The have "painted" the mining shares into a position where the weak hands have already exited and are now owned by strong hands.  Of course, this "painting" that I speak of has been done by "shorts" bombing the shares in the hopes of depressing their prices and "bust" various companies.  It has worked to some extent but now the shorts must implement their "exit strategy".  The shorts who have painted SUCH a pretty chart for us now must buy!  Their own chart says so!  Forget charts, the fundamentals say so.  Fundamentally there were only 2 previous times in the last 10+ years to buy mining shares as cheaply as they are today relative to Gold.
THIS is exactly what Jim Sinclair was saying last night and this morning on his e blast, the shorts are about to get the daylights squeezed out of them as they compete with the entire list of buyers! This list included everyone, technical traders, fundamental buyers, weak hands looking to get back in, strong hands looking to add, sovereign wealth funds wanting to lock up resources etc.. Last but not least on this list are the shorts themselves, both legal and illegal shorts will now be forced to compete with each other to cover the BILLIONS of shares they have already sold some of which never even borrowed or exist!
Charts are usually "backed up" and explained later by fundamental events.  The list of potential Gold/mining share bullish fundamental events today is very, very long indeed.  Continued printing on top of already bloated central bank balance sheets and money supplies, defaults of banks, central banks and sovereigns, war, a derivatives meltdown to name just a few obvious ones.  The point I am trying to make is that the "setup" is here and now. The possible fundamental events exist at the same time the chart says that something BIG is coming!
Can we go through another "paint job"?  Of course we can.  Does it take another 6 months before this scenario takes place from a more oversold fundamental and technical position?  Of course. …but I don’t think so.  I believe here and right now, the mining shares begin to accelerate and we will finally get paid in a huge way for gutting it out!  I believed a couple of weeks back that another raid would take place which I do believe "they tried" and failed at.  Now, I think I can hear the bell (that they never ring for the masses to hear) ringing!  I think right now, you need to be as "long" as you can be, the mania stage is just beginning…finally!

Regards,
CIGA Bill H.



\



Counting Ounces, The Most Important Concept Of All CIGA Bill Holter

Dear CIGAs,

Following up to my piece (above) "Is that a bell I hear ringing"?, I wanted to break down the fundamentals (realities) of why.  You saw the chart of the HUI index and how it has been "coiled" and compressed to where we are now which is potentially, a very explosive mode. As I mentioned, technicals are always "explained" by the fundamentals after the fact. This time will be no different no matter how many hedge funds sell naked short or the official sector plays games to depress Gold and Silver prices, "water will seek its own level", true values will be recognized as Mother Nature cannot be denied forever.
Central banks across the globe absolutely 100% MUST create more liquidity to "cover up" the global insolvency. This will not and cannot work forever but it can and already has postponed the final day of reckoning in bankruptcy court.  Very simple, as these central banks try to postpone reality, they are making their existing currencies worth less and less with each "printing".  Real money, Gold on the other hand can only become more "plentiful" over time as each ton of ore is dug up, crushed, leached, heated into dore and then refined into ounces.  THIS is what mining companies do, not to mention what is done beforehand to map, scratch the surface and drill to find out where to start digging.  My point is this, mining companies are the real life twin of central banks except their product IS real money as opposed to that which is simply printed or digitized.
  If you can understand this concept, that mining companies ARE the true central banks to a real monetary system with a real currency, then you will understand what I have said for several years now…"if you own mining shares, you will be a charter member of the next banking system".  Here is a very simple question, 100 years ago, would you have liked to be one of the founding partners who owned and controlled the Federal Reserve?  How fabulously wealthy could you have become?  How many future generations of your kin could you have provided for?  THIS, is exactly where we are now in the monetary system.  The system will, MUST be changed and you have the opportunity to become a charter member of this new system!
  As to the fundamentals of "why" the shares are in my opinion the buy of a lifetime, here goes.  First, the shares have only traded this "cheaply" in relation to Gold twice in the last 10+ years.  All of the obvious signs are now in place that what is now considered "money", is dying.  Money, in today’s form is backed by debt.  This debt without question is pure and simply "bad", there is too much of it and the quality is laughable.  The global banking system is upside down as is real estate (the collateral) on a global basis.  While the debt was being created, to "juice" the system even further, over $1 Quadrillion (yes, with a "Q") of derivatives have been created.  The "catalyst" for the coming monetary death can come from any direction at any time.  We could have a daisy chain of banking failures, sovereign credit failures, failed auctions, central bank dishoarding of U.S. Treasuries, an oil shock caused by a war, fraud that cannot be hidden any longer, or a natural or man made disaster to name but just a few.  Or…we could wake up one day and there be "no bids" for anything…anywhere…for no apparent reason.  The bottom line is that the charts are saying that the time is "ripe" for SOMETHING to happen in a big way.
  The chart of the HUI and the chart of the HUI relative to Gold (attached from www.stockcharts.com) are screaming "buy" and for good reason.  Major mining companies are trading like Gold is $900-1,000 per ounce, exploration companies are trading as if Gold were $300-400 per ounce!  The near future will be all about "counting ounces", the cheapest "ounces" on the planet are those that are still in the ground and owned by mining (primarily exploration) companies.  If you understand the concept that Gold, can in Dollar terms, literally go to infinity then you are half way there.  The rest of the way there requires that you understand that buying an exploration company with "X" amount of proven ounces in the ground can work out to buying (controlling ounces) Gold at $30 per ounce or even less!  So, for your same Dollar today, you can control 50 times the amount of present above ground ounces in hand, and this does not even take into consideration that your mining company will continue to explore and probably find even more mineable Gold!
  Is "this" it time wise?  I think it is, but what I think does not matter.  The "market" will tell us and the charts are saying that right now is a very likely point in time.  Of course, we can go through yet another cycle where the shares move up and fail to break out only to set up again exactly where we are now.  Fundamentally, once the shares do break out, massive amounts of money will flood into a pathetically small market capped industry no matter what Warren Buffett says or what the "planners" want you think.  Maybe today isn’t "the" day, week or month, it really doesn’t matter because "it" is coming.  "It" being the process of counting ounces and calculating your net worth by how many ounces you own and control.  If anything that I have written or said over the last few years was important or had merit in any way, the concept of "counting ounces" under your control, ranks as THE most important concept of all!

Regards,
CIGA Bill H.






Good evening Jim,
Beautiful article. I wish things weren’t the way they are, but no use in fighting reality. Recognizing the true state of things seems to be a task only a few are willing to understand and more importantly accept. I appreciate what you have so graciously offered, it is a gift and I thank you. All I have in return is to let you know that I have my stock certificates, my physical, an in ground reserve placer deposit which I’ll be micro mining slow and steady, and a willingness to act when the rest of the world looks on in the other direction. Saving the world by saving myself. I’ve tried to help others see what is taking place but nobody cares. Even when they do care and request what they should do because time is proving our line of understanding correct, they still fail to act.

Thank you for being real,
CIGA Paul

Vatican Ruled by Fear and ‘Omerta’ Code of Silence, Whistle-Blower Claims

by Nick Squires, The Telegraph:

The mole claims to be one of more than 20 people within the Holy See who have leaked sensitive documents to the Italian media in the last few weeks, in an affair that has been compared to the WikiLeaks scandal and dubbed “Vati-leaks”.
The unidentified man, who said he had worked in the Vatican for more than 20 years, made the claims in an interview to be aired on Italian television on Wednesday night.
His face was hidden and his voice digitally distorted when he appeared on the TV channel, La7.
According to extracts of the interview, the whistle-blower said the Vatican was engulfed in intrigue, secrecy and a climate of intimidation.
“Maybe there is a kind of omerta to prevent the truth from surfacing. Not because of a power struggle but maybe because of fear,” he added.
He claimed to have worked in the State Secretariat, which is led by the powerful but unpopular Secretary of State, Tarcisio Bertone, who is reported to have fallen out of favour with the Pope and his supporters.
The whistle-blower said the Vatican is a place where “you can commit a murder and then disappear into the void” – a reference to a murky scandal in the Swiss Guard in 1998, when a young soldier shot dead the corps’ commander and wife before apparently committing suicide.
Read More @ www.telegraph.co.uk

UPDATE: $15 Trillion Bond Fraud to Prop up the U.S. Dollar?

by Jason Hamlin, GoldStockBull.com:

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” — Lord Acton

It reads right out of a fictional spy novel and is quite interesting considering the scale of the potential money laundering fraud – $15 TRILLION! The plot involves the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans or counterfeiting totalling $15 trillion used to prop up the U.S. dollar as bond buyers have disappeared.

This staggering amount of $15 Trillion matches the total amount of the U.S. ‘official’ debt. It would be easy to dismiss this story on the surface as fake, but the funds were apparently cleared and accepted by senior executives at both HSBC and the Royal Bank of Scotland.
Lord James of Blackheath, a member of the UK House of Lords, has done his research and claims that the $15 trillion is the property of what some people have called “the richest man in the world”, Yohannes Riyadi. My Riyadi is supposedly descendent of the emperors of the Indo-China dynasty. At farfetched as it sounds, Lord James of Blackheath claims to have seen some of his accounts, showing that he owns upwards of $36 trillion. Others point to the fact that the name Yohannes Riyadi is listed on the NY FED website in connection with other bonds scams. However, an original copy of the document has been unveiled with the signature of Ben Bernanke.
Read More @ GoldStockBull.com

Utah Lawmakers Urge Congress to Repeal ‘Indefinite Detention’ Law

Latest state to revolt against kidnapping provisions of NDAA
by Paul Joseph Watson, InfoWars.com:

Utah has become the latest state to revolt against the indefinite detention provision of the National Defense Authorization Act (NDAA), introducing a resolution urging Congress to repeal the law that allows Americans to be incarcerated without trial.

Following in the footsteps of Virginia, which earlier this month passed a House bill that codifies noncompliance with the “kidnapping provisions” of section 1021 and 1022 of the NDAA, the resolution “expresses disapproval” of the same provisions, noting that they serve to “violate a right guaranteed by the United States Constitution and the Utah Constitution.”

“Be it further resolved that the Legislature of the State of Utah, the Governor concurring therein, urges the United States Congress to repeal or clarify Sections 1021 and 1022 of the 2012 NDAA to protect the rights guaranteed by the United States Constitution and Utah Constitution,” states the resolution (PDF).

The NDAA bill, which was signed into law by President Obama under the radar on New Years Eve while he was on vacation in Kailua, hands the government power to “allow the military to indefinitely detain terror suspects, including American citizens arrested in the United States, without charge.”

Read More @ InfoWars.com

Living With Snipers: The Reality of Collapse *Photos; Video*

by Mac Slavo, SHTFPlan.com:
What does it look like when your relatively safe, stable and secure way of life is plunged into chaos, disorder and violence? Though history is replete with examples of entire civilizations collapsing for various reasons, we need only review the events of the last century to see how quickly modern-day society can devlolve into hell on Earth.
Whether the cause is a natural disaster, economic and monetary calamity, political revolution, or armed conflict, the consequences for the general population can be severe.
When just-in-time food and medicine distribution systems fail, utility infrastructures crumble, emergency response becomes non-existent, and the rule of law becomes unenforceable, only survival will matter.
Read More @ SHTFPlan.com

20 Signs That Dust Bowl Conditions Will Soon Return To The Heartland Of America

from The Economic Collapse Blog:

For decades, the heartland of America has been the breadbasket of the world. Unfortunately, those days will shortly come to an end. The central United States is rapidly drying up and dust bowl conditions will soon return. There are a couple of major reasons for this. Number one, the Ogallala Aquifer is being depleted at an astounding pace. The Ogallala Aquifer is one of the largest bodies of fresh water in the entire world, and water from it currently irrigates more than 15 million acres of crops. When that water is gone we will be in a world of hurt. Secondly, drought conditions have become the “new normal” in many areas of Texas, Oklahoma, Kansas and other states in the middle part of the country. Scientists tell us that the wet conditions that we enjoyed for several decades after World War II were actually the exception to the rule and that most of time time the interior west is incredibly dry. They also tell us that when dust bowl conditions return to the area, they might stay with us a lot longer than a decade like they did during the 1930s. Unfortunately, without water you cannot grow food, and with global food supplies as tight as they are right now we cannot afford to have a significant decrease in agricultural production. But it is not just the central United States that is experiencing the early stages of a major water crisis. Already many other areas around the nation are rapidly developing their own water problems. As supplies of fresh water get tighter and tighter, some really tough decisions are going to have to be made. Fresh water is absolutely essential to life, and it is going to become increasingly precious in the years ahead.
Read More @ TheEconomicCollapseBlog.com

Creditors to Greece are Getting Bailed Out, Not Greece

Earlier today a bailout package for Greece was approved, and whether you agree or disagree with it, bailouts have become a go-to strategy. From countries to companies, there is no way around it – the bailout is also a political tool and rhetoric surrounding bailouts seems to not be going away. Max Fraad Wolff of Greencrest Capital joins RT’s Kristine Frazao for more.

World Bank “Warns” China: Free Up Your Economy or Bust

by Annalyn Censky, CNN Money:

The World Bank and a Chinese think tank have a stern warning for China’s government: transition to a freer market system, or else face an economic crisis.
The “China 2030″ report, released by the World Bank on Monday, recommends China enact reforms promoting a freer economy. Those reforms include a major overhaul turning China’s powerful state-owned companies into commercial enterprises
“China could postpone reforms and risk the possibility of an economic crisis in the future — or it could implement reforms proactively. Clearly, the latter approach is preferable,” the report said.
Read More @ Money.CNN.com

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