You Ain't Seen Nothing Yet - Part One
Watching pompous politicians, egotistical economists, arrogant
investment geniuses, clueless media pundits, and self- proclaimed
experts on the Great Depression predict an economic recovery and a
return to normalcy would be amusing if it wasn’t so pathetic. Their lack
of historical perspective does a huge disservice to the American
people, as their failure to grasp the cyclical nature of history results
in a broad misunderstanding of the Crisis the country is facing. The
ruling class and opinion leaders are dominated by linear thinkers that
believe the world progresses in a straight line. Despite all evidence of
history clearly moving through cycles that repeat every eighty to one
hundred years (a long human life), the present generations are always
surprised by these turnings in history. I can guarantee you this country
will not truly experience an economic recovery or progress for another
fifteen to twenty years. If you think the last four years have been
bad, you ain’t seen nothing yet. Hope is not an option. There is too
much debt, too little cash-flow, too many promises, too many lies, too
little common sense, too much mass delusion, too much corruption, too
little trust, too much hate, too many weapons in the hands of too many
crazies, and too few visionary leaders to not create an epic worldwide
implosion. Too bad. We stand here in the year 2012 with no good
options, only less worse options. Decades of foolishness, debt
accumulation, and a materialistic feeding frenzy of delusion have left
the world broke and out of options. And still our leaders accelerate
the debt accumulation, while encouraging the masses to carry-on as if
nothing has changed since 2008.
from ETFDailyNews.com:
If you knew that you could live in luxury for the rest of your life but
that by doing so it would absolutely destroy the future for your
children, your grandchildren and your great-grandchildren would you do
it? Well, that is exactly what we are doing as a nation. Over the past
several decades, we have stolen 15 trillion dollars from future
generations so that we could enjoy a dramatically inflated level of
prosperity. Our 15 trillion dollar party has been a lot of fun, but
what we have done to our children and our grandchildren has been beyond
criminal. We ran up the greatest mountain of debt in the history of the
planet and we are sticking them with the bill. Sadly, both political
parties have been responsible for the big spending that has been going
on. Both Democrats and Republicans have run up huge budget deficits
when in power. But instead of learning the hard lessons of the past,
both political parties continue to vote for even more debt. They would
rather continue to steal trillions of dollars from future generations
than have the party end and have to face the consequences.
And the consequences will be dramatic when the party ends.
Read More @ ETFDailyNews.com
If you knew that you could live in luxury for the rest of your life but
that by doing so it would absolutely destroy the future for your
children, your grandchildren and your great-grandchildren would you do
it? Well, that is exactly what we are doing as a nation. Over the past
several decades, we have stolen 15 trillion dollars from future
generations so that we could enjoy a dramatically inflated level of
prosperity. Our 15 trillion dollar party has been a lot of fun, but
what we have done to our children and our grandchildren has been beyond
criminal. We ran up the greatest mountain of debt in the history of the
planet and we are sticking them with the bill. Sadly, both political
parties have been responsible for the big spending that has been going
on. Both Democrats and Republicans have run up huge budget deficits
when in power. But instead of learning the hard lessons of the past,
both political parties continue to vote for even more debt. They would
rather continue to steal trillions of dollars from future generations
than have the party end and have to face the consequences.And the consequences will be dramatic when the party ends.
Read More @ ETFDailyNews.com
Previewing The Global Monetary Firehose Through 2013
Earlier
today, Fed "bad cop" Dick Fisher appeared on TV and warned Wall Street
to resume doing fundamental analysis on its investments as incremental
easing is now over, and expectations of shotgun monetary heroin should
be henceforth curbed. While we sympathize with the views of the holder
of precious metal ETFs, we can't help but be skeptical that if and
when global growth returns to its negative glideslope trendline, the
only option, as always, will be more real dilution, resulting in more
nominal asset price gains. Furthermore, in the aftermath of Fisher's
warning, Wall Street sat down and redid its analysis. What it found was
that no matter what happens, the Fed, and its central banking peers,
will always ease. Case in point is the just released update from Morgan
Stanley on what it believes the monetary firehose will look like in
the next 2 years. One word: whoooosh. Marc Faber Previews Q2, Is Long Japan, Cautious The US And Gold, And Sees A 5-10% Increase In Inflation
Mark
Faber was on Bloomberg TV earlier, presenting his latest outlook on
markets and the economy, but first he summarizes 2011's first quarter
which as repeatedly observed here before has so far been a mirror image
of 2012, with the only different that while it ran up on 2010's QE2
back then, now it has surged on the transitory flow (not stock)
impact of two back to back $1.3 trillion LTROs. "I think that if you
look back at a year ago we made a peak of 1370 on S&P on May 4 and
then dropped sharply to 1074 on October 4. Then we recaptured the lows
in November and December. Since then, the first quarter has been very
powerful and has surprised investors because of its strong performance.
And I think now the expectations are very high. The market is no longer
oversold the way it was in December. And everybody thinks that the
race is on, go along with equities, the hedge funds have positioned
themselves on the long side and optimism is high. I would be very
careful at this stage." As for his outlook, he is "reluctant to short"
in a money-printing environment, believes that Japan will provide the
best equity futures returns (more easing from the BOJ appears imminent),
is confident margins will roll over (as they already have) on the back
of record for this time of year input costs, and thus thinks earnings
will disappoint, sees inflation running 5-10% more than a year earlier,
and is still accumulating gold every month. Overall, mostly as
expected from the pony-tailed one.The Ultimate Divergence: Birinyi's Ruler Predicts S&P At 5000 When Volume Hits Zero
In a day like today, when stocks and bonds are rallying, indicating that the market is once again convinced Fed "bad cop" Fisher was full of it, and more easing is expected (as noted earlier), and with NFP set to fall on a market holiday, thus the number, if weak, can be spun as one ushering in more QE over the weekend, one can only sit back and have fun with Birinyi's ruler. Which in turn brings us to the following conclusion: with the market in 2012 once again in a straight diagonal line, just like in early 2011, gaining 50 SPX point each month regardless of news, climatic conditions, liquidity and frankly anything else, it is quite obvious that the S&P market will hit 5000 by December 2019, a date which is also notable because as the second Birinyi ruler chart shows, that is when trading volume will officially hit zero.
Guest Post: There Is No Shortcut, But All We Have Are Shortcuts
We all know there is no shortcut to anything worth having--mastery, security, wealth-- yet all we have in America is another useless, doomed shortcut. Insolvency is scale-invariant, meaning that being unable to live within your means leads to insolvency for households, towns, corporations, states and national governments. There is no shortcut to living within one's means. Expenses must align with revenues or the debt taken on to fill the gap will eventually bankrupt the entity--even an Empire. We know this, but all we have in America is the shortcut of borrowing more to fill the gap between revenues and expenses. The Federal government is borrowing a staggering 40% of its budget this year--and it has done so for the past three years. Despite all the fantastic predictions of future solvency, the cold reality is that no plausible level of "growth" will close the gap: either expenses must be cut by $1.5 trillion or tax revenues raised by $1.5 trillion or some combination of those realities.Own Some Land And Property In The Secondary Cities
Admin at Marc Faber Blog - 10 minutes ago
In Georgia, in Arizona, in Florida their property values will not collapse
much more and will stabilize, so I think to own some land and some
property, not necessarily in the financial centers but in the secondary
cities, these are desirable investments relatively speaking. - *in CNBC.com*
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
Start of 2nd Quarter brings Hedge Fund money flows with it
Trader Dan at Trader Dan's Market Views - 21 minutes ago
It appears from today's price action across both the equity markets and the
commodity markets in general, that the beginning of the 2nd quarter is
seeing hedge fund managers put money back to work across a wide variety of
risk assets.
The catalyst seems to be both the Chinese manufacturing data and the US
manufacturing PMI data which were on the friendly side and relieved
traders' concerns for at least today. Oddly enough that same PMI data
showed inflation data relatively tame which generated a move higher in the
bond market in spite of the risk allocation trades. Then again, with ... more »
Our sponsors were chosen to help you prepare for the coming global financial collapse...If you wait until TSHTF (the shi! hits the fan) it will be too late...
More U.S. employers tie health insurance to medical tests
Eric De Groot at Eric De Groot - 2 hours ago
The lawyers will have a field day with the inevitable invasion of privacy
and discrimination lawsuits. Americans are not ready for this kind of
health scrutiny. Headline: More U.S. employers tie health insurance to
medical tests Once a year, employees of the Swiss Village Retirement
Community in Berne, Ind., have a checkup that will help determine how much
they pay for health coverage....
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Teach Your Children Mandarin
Admin at Jim Rogers Blog - 3 hours ago
If you're smart, teach your children Mandarin. -* in Gulf News*
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
The Bi-Partisan Criminogenic Fraudulent JOBS Bill
From All-In To All-Out: Are Macro Hedge Funds The Canary In The Stockmine?
The
question of who was the marginal buyer of equities in mid February and
into March appears to have been answered. It was Macro hedge funds
whose correlation of returns to the S&P 500 went from a negative
0.58 on 2/15 to a very high positive 0.75. It would appear that macro
funds, just as they did in Q1 of 2011, went all-in. However, just as
occurred in Q1/Q2 2011, the ebbing macro backdrop of the last few weeks,
as evidenced by the Citi Economic Surprise Index tumbling rapidly,
appears to have stymied their risk appetite and, again just as in 2011,
as the surprise index rolled over, so Macro funds started to exit the
equity market very rapidly. In fact, in the last two weeks the
30-day correlation between the Macro hedge fund return index (HFRXM) and
the S&P 500 (SPX) has crashed back from +0.75 to -0.55 currently
as macro funds clearly shift to a negative stance of US equities in
general - selling into the momentum strength of the last few weeks. As we pointed out a week ago, institutions were indeed all-in,
but it seems the reality of recent macro data and European risk flares
is perhaps rapidly darkening the rose-colored lens with macro-funds
the first to flee.How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement
Think
the Fed's policy of market intervention is only impacting savers and
investors? Think again: courtesy of ZIRP, companies are investing
increasingly less in CapEx, and thus long-term growth, and merely
focusing on instant bang for the buck projects, like M&A and
dividends. Sustainable? You decide.Schrodinger's Market As European Equities Surge And Credit Shrugs
On this first day of the second quarter, and especially since the US open (and the ISM print) European equities decided all was well and rallied broadly back to their highs of last week. In the meantime, credit markets (sovereigns, financials, and non-financials) sold off quite notably from a positive start
and despite a small rally into the close (which sovereigns did not
participate in) closed practically unchanged. It seems Schrodinger's cat
is indeed present not just in Chinese PMI, US jobs data and regional
surveys, but also in the risk asset markets as credit market
participants are dramatically different in their views (and flows we
suppose) going into this quarter. We also note that Europe's VIX has collapsed in the last few days to a more normalized level relative to US VIX.“Apparently, the good guys now have enough tactical positioning to begin a global transformation plan, starting with cleansing the current system of the bad guys.”
There have been recent reports in the underground alternative media that a secret group of well-placed, high-ranking freedom fighters are working tirelessly to free humanity from the clutches of the evil cabal that goes by many names: the Illuminati, the New World Order or, simply, the international banksters.
On the surface, the average conspiracy researcher may feel that this seemingly all powerful cabal has nearly reached their endgame goal of full spectrum dominance of the planet. After all, the past decade has seen a massive consolidation of power for this cabal through endless aggressive wars, financial bailouts, legislation to destroy personal freedom, and so on.
However, according to reporting by David Wilcock and Benjamin Fulford, there is an equally powerful force of good working behind the scenes to combat this cabal. These freedom fighters, sometimes referred to as “white hats” or “gnostic Illuminati”, are said to occupy positions in banking and finance, military, law enforcement, media, and government at all levels, as well as other key posts in corporations and institutions.
Read More @ Activist Post
[Ed. Note: When I posted my article,What Steve Jobs Should Have Said When He Had the Chance,
I made the argument that Apple has made billions of dollars the old
fashioned way: With innovation and slave labor. The article was met by
some with the argument that Apple is merely engaging in free market
enterprise. To wit I must ask again, how is THIS the "free market"?]
by Juliette Garside, Guardian.co.uk
Students told to man production lines at Foxconn if they want to graduate, says Hong Kong-based nonprofit
Apple‘s factories in China are employing tens of thousands of students, some of them on forced internships, according to campaigners lobbying for better labour conditions at Foxconn plants, which assemble iPhones. Some students could be as young as 16.
The Foxconn chairman, Terry Gou, head of China’s largest private-sector employer – with 1.2 million workers – promised on Sunday to reduce hours and improve pay after an independent audit found multiple labour law violations at his factories.
But campaigners have accused Apple, Foxconn and the Fair Labor Association (FLA), a charitable organisation that carried out the audit published on Friday, of ignoring the issue of forced internships, where students are told they will not graduate unless they spend months working on production lines during holidays.
In December, 1,500 students were sent by just one vocational college in Henan, China’s most populous province, for internships at Foxconn’s Zhengzhou plant, which Apple chief executive, Tim Cook, visited last week. The Yancheng Evening News, which exposed the practice, interviewed students who said they were going against their will and that their schools were acting as “labour agencies”.
Read More @ Guardian.co.uk
by Juliette Garside, Guardian.co.uk
Students told to man production lines at Foxconn if they want to graduate, says Hong Kong-based nonprofit
Apple‘s factories in China are employing tens of thousands of students, some of them on forced internships, according to campaigners lobbying for better labour conditions at Foxconn plants, which assemble iPhones. Some students could be as young as 16.The Foxconn chairman, Terry Gou, head of China’s largest private-sector employer – with 1.2 million workers – promised on Sunday to reduce hours and improve pay after an independent audit found multiple labour law violations at his factories.
But campaigners have accused Apple, Foxconn and the Fair Labor Association (FLA), a charitable organisation that carried out the audit published on Friday, of ignoring the issue of forced internships, where students are told they will not graduate unless they spend months working on production lines during holidays.
In December, 1,500 students were sent by just one vocational college in Henan, China’s most populous province, for internships at Foxconn’s Zhengzhou plant, which Apple chief executive, Tim Cook, visited last week. The Yancheng Evening News, which exposed the practice, interviewed students who said they were going against their will and that their schools were acting as “labour agencies”.
Read More @ Guardian.co.uk
by Gillian Wong, HuffingtonPost.com:
BEIJING — Dozens of Tibetans have set themselves on fire over the past
year to protest Chinese rule, sometimes drinking kerosene to make the
flames explode from within, in one of the biggest waves of political
self-immolations in recent history.
But the stunning protests are going largely unnoticed in the wider world – due in part to a smothering Chinese security crackdown in the region that prevents journalists from covering them.
While a single fruit seller in Tunisia who lit himself on fire in December 2010 is credited with igniting the Arab Spring democracy movement, the Tibetan self-immolations have so far failed to prompt the changes the protesters demand: an end to government interference in their religion and a return of the exiled Dalai Lama.
Read More @ HuffingtonPost.com
BEIJING — Dozens of Tibetans have set themselves on fire over the past
year to protest Chinese rule, sometimes drinking kerosene to make the
flames explode from within, in one of the biggest waves of political
self-immolations in recent history.But the stunning protests are going largely unnoticed in the wider world – due in part to a smothering Chinese security crackdown in the region that prevents journalists from covering them.
While a single fruit seller in Tunisia who lit himself on fire in December 2010 is credited with igniting the Arab Spring democracy movement, the Tibetan self-immolations have so far failed to prompt the changes the protesters demand: an end to government interference in their religion and a return of the exiled Dalai Lama.
Read More @ HuffingtonPost.com
by Tibor Machan, The Daily Bell:
Hats off to Ngozi … A golden opportunity for the rest of the world to show Barack Obama the meaning of meritocracy … When economists from the World Bank visit poor countries to dispense cash and advice, they routinely tell governments to reject cronyism and fill each important job with the best candidate available. It is good advice. The World Bank should take it. In appointing its next president, the bank’s board should reject the nominee of its most influential shareholder, America, and pick Nigeria’s Ngozi Okonjo-Iweala. – Economist
Dominant Social Theme: The World Bank is a great institution. We just need the right person to run it.
Free-Market Analysis: The World Bank is a part of a kind of “tag team” with the International Monetary Fund. The World Bank lends money to dictators and sundry thugs and then when these unsavory individuals abscond, the IMF is hauled in to make the people pay.
Read More @ TheDailyBell.com
Hats off to Ngozi … A golden opportunity for the rest of the world to show Barack Obama the meaning of meritocracy … When economists from the World Bank visit poor countries to dispense cash and advice, they routinely tell governments to reject cronyism and fill each important job with the best candidate available. It is good advice. The World Bank should take it. In appointing its next president, the bank’s board should reject the nominee of its most influential shareholder, America, and pick Nigeria’s Ngozi Okonjo-Iweala. – Economist
Dominant Social Theme: The World Bank is a great institution. We just need the right person to run it.
Free-Market Analysis: The World Bank is a part of a kind of “tag team” with the International Monetary Fund. The World Bank lends money to dictators and sundry thugs and then when these unsavory individuals abscond, the IMF is hauled in to make the people pay.
Read More @ TheDailyBell.com
from TF Metals Report:
As we begin what will surely be another crazy and wild week, let’s
spend a little time with the basics, just to be sure we’ve got our heads
screwed on straight.
Let’s start with gold. First of all, the OI and the CoT. As you’ll recall, total open interest collapsed last week as the April contract expired yet there wasn’t a full rollover of OI into June. This, in itself, is strange. That total gold OI is now back to levels last seen in September of 2009 (when price was near $1100) is even more strange. As of last Thursday, total gold OI was just 406,388. This is down an extraordinary 72,656 (-15.17%) since the price and OI peak on 2/28/12. Breathtaking and amazing. As will be continued to be mentioned here to the point of exhaustion: The only entities left trading gold on the Comex are Cartel monkeys and HFT-Algo WOPRS. The monkeys can paint the tape and the charts to trigger either buying or selling from the brainless WOPRs and profit in both directions. That this is currently the accepted mechanism for “pricing” the only true and historic measure of money and wealth in the world is literally astounding and, frankly, criminal.
Read More @ TF Metals Report.com
As we begin what will surely be another crazy and wild week, let’s
spend a little time with the basics, just to be sure we’ve got our heads
screwed on straight.Let’s start with gold. First of all, the OI and the CoT. As you’ll recall, total open interest collapsed last week as the April contract expired yet there wasn’t a full rollover of OI into June. This, in itself, is strange. That total gold OI is now back to levels last seen in September of 2009 (when price was near $1100) is even more strange. As of last Thursday, total gold OI was just 406,388. This is down an extraordinary 72,656 (-15.17%) since the price and OI peak on 2/28/12. Breathtaking and amazing. As will be continued to be mentioned here to the point of exhaustion: The only entities left trading gold on the Comex are Cartel monkeys and HFT-Algo WOPRS. The monkeys can paint the tape and the charts to trigger either buying or selling from the brainless WOPRs and profit in both directions. That this is currently the accepted mechanism for “pricing” the only true and historic measure of money and wealth in the world is literally astounding and, frankly, criminal.
Read More @ TF Metals Report.com
“Society is Doomed, the System is Unsalvageable” – John Rubino
[Ed Note: Remember the quote from Jim Sinclair, "Gold is moving towards the system - not away."]
In this exclusive feature, Ellis Martin interviews Sprott Money CEO
Eric Sprott for a wide-based discussion of today and tomorrow’s
commodity market issues: gold vs silver,stocks and bullion, recession or
is it depression, recovery or collapse supply and demand and the
virtual reality purveyance of the banks and the Fed, the media and the
politicos. Mr. Sprott predicted early on the market collapse of 2008.
Listen to his current observations.
By Gary North, GaryNorth.com
Timothy Geithner, the Secretary of the Treasury, wants to get rid of paper money. He says it’s part of a cost-cutting measure.
Nonsense. It’s part of the government’s attempt to track our purchases. Its a plan to get rid of the underground economy, where people buy what they want, sell what they want, and leave no digital trail.
The government cannot control the cash markets. It wants to tax them. But paper money resists taxation.
Read More @ Lew Rockwell.
BTFD...
Timothy Geithner, the Secretary of the Treasury, wants to get rid of paper money. He says it’s part of a cost-cutting measure.
Nonsense. It’s part of the government’s attempt to track our purchases. Its a plan to get rid of the underground economy, where people buy what they want, sell what they want, and leave no digital trail.
The government cannot control the cash markets. It wants to tax them. But paper money resists taxation.
Read More @ Lew Rockwell.
BTFD...
by Dr. Clive Maund, The Market Oracle:
Silver is marking out a Head-and-Shoulders pattern that parallels the one forming in gold, but whereas the one in gold is classified as a Head-and-Shoulders continuation pattern, the one in silver is classified as a Head-and-Shoulders bottom. The reason for this difference is that the pattern in gold has formed not very far beneath the highs, and thus comparatively does not have much of a loss to reverse, whereas the pattern in silver has got quite a lot to reverse, as can be seen by comparing the 15-month chart for silver shown here with the 1-year charts for gold presented in the Gold Market update.
On its 15-month chart we can see that although silver did not succeed in breaking out of its downtrend on the rally in February, which is thus still in force, its action at that time was nevertheless bullish, as it climbed well above its highs of last November, which is taken to signify a potential change of trend from down to neutral, so that the pattern that has formed from the September panic lows to the present looks very much like a Head-and-Shoulders bottom, with the price having dropped down in March to form the Right Shoulder low of the pattern.
See the Chart and Read More @ MarketOracle.co.uk
Silver is marking out a Head-and-Shoulders pattern that parallels the one forming in gold, but whereas the one in gold is classified as a Head-and-Shoulders continuation pattern, the one in silver is classified as a Head-and-Shoulders bottom. The reason for this difference is that the pattern in gold has formed not very far beneath the highs, and thus comparatively does not have much of a loss to reverse, whereas the pattern in silver has got quite a lot to reverse, as can be seen by comparing the 15-month chart for silver shown here with the 1-year charts for gold presented in the Gold Market update.
On its 15-month chart we can see that although silver did not succeed in breaking out of its downtrend on the rally in February, which is thus still in force, its action at that time was nevertheless bullish, as it climbed well above its highs of last November, which is taken to signify a potential change of trend from down to neutral, so that the pattern that has formed from the September panic lows to the present looks very much like a Head-and-Shoulders bottom, with the price having dropped down in March to form the Right Shoulder low of the pattern.
See the Chart and Read More @ MarketOracle.co.uk
by Mike Adams, Natural News:
There’s an absolutely stunning new documentary hitting the streets right now called GhettoPhysics.
Brought to you by the co-creator of What the Bleep Do We Know?!, it
reveals an understanding of society that parallels my own thinking on
the matter: That every institution, every government, every corporation
and every group of people is really just a GANG — and all gangs
routinely try to increase their own power by suppressing everyone else.
This is an extraordinary film with a powerful message. I was actually thinking of writing a feature article about all this myself called, “The WHITE gangs you never see on the streets” that would expose the gang mentality of Goldman Sachs, the FDA, corrupt local police departments, the DEA, global banks and a whole lot more. But this film beat me to it: GhettoPhysics is an explosive, gut-churning revelation of truth about the gang mentality that’s deeply embedded in human behavior.
Read More @ NaturalNews.com
from Gold Money:
Up, down, and back up again: that about sums up the action in the gold
and silver markets last week, though neither bulls nor bears were strong
enough to move the gold price out of its trading range between $1,650-$1,680. Likewise, the silver price continues to trade in a range from $31-$33.
The indecisiveness in the metals is mirroring broader market ambiguities. German unemployment is now at a record post-reunification low, yet it’s been reported this morning that total eurozone unemployment stands at a 25-year high of 10.8%. In Italy, unemployment rose from 9.1% to 9.3% January to February – its highest level since 2004. The division between the German “core” and the Med countries (plus Ireland) grows ever wider…
As for America, Barry Ritholtz posts good comment on Wall Street’s love of easy money, noting the combination of “extraordinary skills and stupendous luck” that it will take to return monetary policy “to some semblance of normalcy”. The humorous and informative James Grant remains just as sceptical, noting in the CNBC video below that “gold has more upside” because of these difficulties. Click on this link to watch James Grant discuss gold, the Fed and the US economy with James Turk.
There’s an absolutely stunning new documentary hitting the streets right now called GhettoPhysics.
Brought to you by the co-creator of What the Bleep Do We Know?!, it
reveals an understanding of society that parallels my own thinking on
the matter: That every institution, every government, every corporation
and every group of people is really just a GANG — and all gangs
routinely try to increase their own power by suppressing everyone else.This is an extraordinary film with a powerful message. I was actually thinking of writing a feature article about all this myself called, “The WHITE gangs you never see on the streets” that would expose the gang mentality of Goldman Sachs, the FDA, corrupt local police departments, the DEA, global banks and a whole lot more. But this film beat me to it: GhettoPhysics is an explosive, gut-churning revelation of truth about the gang mentality that’s deeply embedded in human behavior.
Read More @ NaturalNews.com
from Gold Money:
Up, down, and back up again: that about sums up the action in the gold
and silver markets last week, though neither bulls nor bears were strong
enough to move the gold price out of its trading range between $1,650-$1,680. Likewise, the silver price continues to trade in a range from $31-$33.The indecisiveness in the metals is mirroring broader market ambiguities. German unemployment is now at a record post-reunification low, yet it’s been reported this morning that total eurozone unemployment stands at a 25-year high of 10.8%. In Italy, unemployment rose from 9.1% to 9.3% January to February – its highest level since 2004. The division between the German “core” and the Med countries (plus Ireland) grows ever wider…
As for America, Barry Ritholtz posts good comment on Wall Street’s love of easy money, noting the combination of “extraordinary skills and stupendous luck” that it will take to return monetary policy “to some semblance of normalcy”. The humorous and informative James Grant remains just as sceptical, noting in the CNBC video below that “gold has more upside” because of these difficulties. Click on this link to watch James Grant discuss gold, the Fed and the US economy with James Turk.
from GoldCore:
Outgoing President of the World Bank, Robert Zoellick, after just three days ago dismissing the idea of a BRICs created, new global multi lateral bank, has come around and endorsed a BRICs bank in an interview with the FT.
Zoellick had initially said that a BRICs bank and potential rival to the western and U.S. dominated IMF and World Bank, would be difficult to implement given competing BRIC interests.
He acknowledged that a BRICs bank was being created and said that the World Bank supported such a bank. He said that not having Russia and China as part of “the World Bank system” would be a “mistake of historic proportions”.
Leaders of the BRICS nations meeting in India appear to have made much progress in creating a new global bank as the emerging economies seek to convert their growing economic might into collective diplomatic influence.
The five countries now account for nearly 28% of the global economy, a figure that is expected to continue to grow.
Read More @ GoldGore.com
from The American Dream:
Why would anyone want to live in the UK at this point? Well, if you
enjoy having every little detail of your life dictated to you by elitist
control freaks then you might like living there. But most of the rest
of the world is absolutely horrified that the UK is being transformed
into a hellish Big Brother surveillance society. The UK truly is on the
“cutting edge” when it comes to implementing liberty-killing rules and
regulations. Many have pointed out that the United States is becoming a Big Brother police state,
but the truth is that the UK is even worse. The madness going on in
the UK is where the rest of the world is headed. Right now, there are
more surveillance cameras per capita in the UK than anywhere else in the
world. If you accidentally drop a couple of potato chips in public or
if you whisper a phrase that is not politically correct in a restaurant
there is a good chance that you will be hauled into court. In the UK,
the public has been sold the lie that society will be better off if
everything and everyone is constantly monitored. But instead of
improving society, what all of this surveillance is really doing is
turning the entire nation into a very frightening version of George
Orwell’s 1984.
Sadly, most of the rest of the globe is going down the exact same path that the UK has gone. The UK is several years ahead of most of the rest of us, but eventually almost every nation on earth will be just like them.
The following are 21 signs that the UK is being transformed into a hellish Big Brother surveillance society….
#1 A new UK law will allow the government “listening agency” to openly monitor all phone calls, all emails, all website visits, all Facebook status updates and all text messages.
Read More @ EndOfTheAmericanDream.com
by Tibor Machan, The Daily Bell:
Although most libertarians and classical liberals are champions of human (individual) liberty, the reasons they give vary. Some are utilitarians and hold, along with John Stuart Mill, that when free, men and women are most likely to advance the cause of the greatest happiness of the greatest number; some are Christians and hold that unless the virtuous life is freely chosen, one will not gain (God’s) credit for doing what is right; some hold that human freedom is a precondition of prosperity and progress and other good things.
Ayn Rand, the Russian-American novelist-philosopher, has advanced a line of argument in defense of individual liberty that draws a bit on all of these although hers is really a secular version of what the Christians believe. She believed that only free men and women are capable of choosing their conduct and of taking credit for doing so properly or being blameworthy for failing to do so. In other words, Rand argued that human freedom is a necessary precondition for living a morally significant life. This, ironically, is something Rand had in common with Immanuel Kant, a philosopher whose views Rand found offensive.
Read More @ TheDailyBell.com
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Outgoing President of the World Bank, Robert Zoellick, after just three days ago dismissing the idea of a BRICs created, new global multi lateral bank, has come around and endorsed a BRICs bank in an interview with the FT.
Zoellick had initially said that a BRICs bank and potential rival to the western and U.S. dominated IMF and World Bank, would be difficult to implement given competing BRIC interests.
He acknowledged that a BRICs bank was being created and said that the World Bank supported such a bank. He said that not having Russia and China as part of “the World Bank system” would be a “mistake of historic proportions”.
Leaders of the BRICS nations meeting in India appear to have made much progress in creating a new global bank as the emerging economies seek to convert their growing economic might into collective diplomatic influence.
The five countries now account for nearly 28% of the global economy, a figure that is expected to continue to grow.
Read More @ GoldGore.com
Why would anyone want to live in the UK at this point? Well, if you
enjoy having every little detail of your life dictated to you by elitist
control freaks then you might like living there. But most of the rest
of the world is absolutely horrified that the UK is being transformed
into a hellish Big Brother surveillance society. The UK truly is on the
“cutting edge” when it comes to implementing liberty-killing rules and
regulations. Many have pointed out that the United States is becoming a Big Brother police state,
but the truth is that the UK is even worse. The madness going on in
the UK is where the rest of the world is headed. Right now, there are
more surveillance cameras per capita in the UK than anywhere else in the
world. If you accidentally drop a couple of potato chips in public or
if you whisper a phrase that is not politically correct in a restaurant
there is a good chance that you will be hauled into court. In the UK,
the public has been sold the lie that society will be better off if
everything and everyone is constantly monitored. But instead of
improving society, what all of this surveillance is really doing is
turning the entire nation into a very frightening version of George
Orwell’s 1984.Sadly, most of the rest of the globe is going down the exact same path that the UK has gone. The UK is several years ahead of most of the rest of us, but eventually almost every nation on earth will be just like them.
The following are 21 signs that the UK is being transformed into a hellish Big Brother surveillance society….
#1 A new UK law will allow the government “listening agency” to openly monitor all phone calls, all emails, all website visits, all Facebook status updates and all text messages.
Read More @ EndOfTheAmericanDream.com
Although most libertarians and classical liberals are champions of human (individual) liberty, the reasons they give vary. Some are utilitarians and hold, along with John Stuart Mill, that when free, men and women are most likely to advance the cause of the greatest happiness of the greatest number; some are Christians and hold that unless the virtuous life is freely chosen, one will not gain (God’s) credit for doing what is right; some hold that human freedom is a precondition of prosperity and progress and other good things.
Ayn Rand, the Russian-American novelist-philosopher, has advanced a line of argument in defense of individual liberty that draws a bit on all of these although hers is really a secular version of what the Christians believe. She believed that only free men and women are capable of choosing their conduct and of taking credit for doing so properly or being blameworthy for failing to do so. In other words, Rand argued that human freedom is a necessary precondition for living a morally significant life. This, ironically, is something Rand had in common with Immanuel Kant, a philosopher whose views Rand found offensive.
Read More @ TheDailyBell.com
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