As the financial collapse approaches, should you go all-in on gold and silver?
by J. D. Heyes, Natural News:
U.S. debt is spiraling out of control. The Treasury Department’s
printing presses are cranking out hundreds of billions in new money. The
U.S. dollar is weak. The stock market is volatile. European countries
are imploding financially and the entire European Union is at risk of
collapse. The Middle East is an even worse tinderbox than normal, due to
all the “Arab Spring” unrest.
Should you put all of your assets – your hard currency, your 401K, your stock portfolio – into gold and silver now, before it’s “too late?” Capital market specialist and entrepreneur Peter Pham thinks so.
Read More @ NaturalNews.com
U.S. debt is spiraling out of control. The Treasury Department’s
printing presses are cranking out hundreds of billions in new money. The
U.S. dollar is weak. The stock market is volatile. European countries
are imploding financially and the entire European Union is at risk of
collapse. The Middle East is an even worse tinderbox than normal, due to
all the “Arab Spring” unrest.Should you put all of your assets – your hard currency, your 401K, your stock portfolio – into gold and silver now, before it’s “too late?” Capital market specialist and entrepreneur Peter Pham thinks so.
Read More @ NaturalNews.com
This Move Will Be Highly Inflationary & Where to Deploy Cash
from KingWorldNews:
On
the heels of continued bank runs in Europe, today King World News
interviewed one of the legends in the gold world, Keith Barron. Barron
consults with major gold companies around the world, as well as major
brokerage houses, and he is also responsible for one of the largest gold
discoveries in the last quarter century. Here is what Barron had to
say about what is taking place in Europe: “There are a number
of things happening which are quite important. The Spanish government
has agreed to nationalize Bankia, which is one of the largest banks in
Spain. The bank had a major run on it and so extreme measures had to be
taken.”
Keith Barron continues @ KingWorldNews.com
On
the heels of continued bank runs in Europe, today King World News
interviewed one of the legends in the gold world, Keith Barron. Barron
consults with major gold companies around the world, as well as major
brokerage houses, and he is also responsible for one of the largest gold
discoveries in the last quarter century. Here is what Barron had to
say about what is taking place in Europe: “There are a number
of things happening which are quite important. The Spanish government
has agreed to nationalize Bankia, which is one of the largest banks in
Spain. The bank had a major run on it and so extreme measures had to be
taken.” Keith Barron continues @ KingWorldNews.com
Barry Ritholtz Interview On the Financial Crisis from Capitalism Without Failure
How the US Empire Simply Digs a Deeper Hole
by Greg Canavan, DailyReckoning.com.au:
It is worth considering what’s eating away at the US Empire
these days. There are many reasons for America’s powerful rise. But we
would say having the dollar as the world’s reserve currency is THE major
reason for US economic, cultural and military dominance.
Being able to produce paper and swap it for real goods and services is an incredible economic advantage. It means your creditors allow you to keep running up the tab and you seemingly never have to settle.
But at some point you do. The actual point, or settlement date, depends on how you play your cards and how long you can game the system.
Read More @ DailyReckoning.com.au
Greece Pours $22.6 Billion Into Nation's Four Biggest Banks
It is worth considering what’s eating away at the US Empire
these days. There are many reasons for America’s powerful rise. But we
would say having the dollar as the world’s reserve currency is THE major
reason for US economic, cultural and military dominance.Being able to produce paper and swap it for real goods and services is an incredible economic advantage. It means your creditors allow you to keep running up the tab and you seemingly never have to settle.
But at some point you do. The actual point, or settlement date, depends on how you play your cards and how long you can game the system.
Read More @ DailyReckoning.com.au
Greece Pours $22.6 Billion Into Nation's Four Biggest Banks
 |
Bankia Parent Revises 2011 "Profit" Of €41 Million to €3.3 Billion Loss
It is rather amazing what one finds when a company which previously had allegedly posted a profit of €41 million, somehow becomes insolvent, needs a nationalization to avoid a full out liquidation, and gets bailed out by the state. One of the first things one finds is that the profit pitched to that particular class of gullible idiots, known as shareholders, was an outright lie. And yes, on that one very rare occasion when an auditor refuses to sign off on a bank's financials, in this case Deloitte, run far, and run fast. Instead what one finds is a massive loss. From Reuters: "BFA, the parent group of nationalized Spanish bank Bankia said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout from the state. In a statement to the stock exchange regulator, BFA said the restated loss reflected a review of its loan portfolios and capital needs after a new audit and as part of the clean-up plan implemented by the government." Well, duh, something "new" better be reflected, or else the general public may just get the impression that banks are merely pulling numbers out of their glutes, that the entire balance sheet, income and cash flow statements are just a jumble of utter BS, and that keeping one's deposits in a system predicated on lies and fraud may not be the smartest thing. But no: that would imply one is inciting a bank run, and that is frowned upon by the very same government which does everything in its power to facilitate just the data manipulation that magically results in a profitable bank being on the verge of liquidation. But that's not all. According to Spain's Expansion, the total loss could be far worse, more than double the just reported, to a total of €7 billion. Indicatively, the move from a profit to a €7 billion loss, in a US context, is roughly the same as if US bank holding company X were to go from being profitable to posting a nearly $100 billion loss.
by Tibor Machan,The Daily Bell:
Paul Krugman, not unpredictably, once again (in The New York Times,
Monday, May 14, 2012) went to bat to hit a home run for government
regulation of, well, everyone (except the members of his own profession,
namely, eggheads). His piece is titled “Why We Regulate” but fails to
address the most fundamental issues, namely: Who is the “we” in his
essay? And why would “we” be wiser and more virtuous than those whom
“we” regulate?
Are there, as is implicit in Krugman’s thinking, two classes of human beings, the regulators who are superior and the regulated who are prone to vice and stupidity?
Read More @ TheDailyBell.com
Paul Krugman, not unpredictably, once again (in The New York Times,
Monday, May 14, 2012) went to bat to hit a home run for government
regulation of, well, everyone (except the members of his own profession,
namely, eggheads). His piece is titled “Why We Regulate” but fails to
address the most fundamental issues, namely: Who is the “we” in his
essay? And why would “we” be wiser and more virtuous than those whom
“we” regulate?Are there, as is implicit in Krugman’s thinking, two classes of human beings, the regulators who are superior and the regulated who are prone to vice and stupidity?
Read More @ TheDailyBell.com
by Johnny Silverbear, SilverBearCafe.com:
In Part 1, Something Wicked This Way Comes,
we discussed the “Dumbing Down of America” and I tried to provide
examples of the effectiveness of the campaign. Most do not realize that
they fall directly in the cross hairs “of those who would be kings”. As I
pointed out in a previous essay, Paradise Lost:
“We are not being shepherded by altruistic wise men, but, rather, herded by megalomaniacal desperadoes.”
In Part 2, Those Who Would be Kings, we discussed the evolution of corruption in the body politic in America, and how it has metastasized to the point of collapse.
In this installment, I will attempt to summarize what I believe is going to happen in the next twelve months.
Read More @ SilverBearCafe.com
from Matlarson10:
In Part 1, Something Wicked This Way Comes,
we discussed the “Dumbing Down of America” and I tried to provide
examples of the effectiveness of the campaign. Most do not realize that
they fall directly in the cross hairs “of those who would be kings”. As I
pointed out in a previous essay, Paradise Lost:“We are not being shepherded by altruistic wise men, but, rather, herded by megalomaniacal desperadoes.”
In Part 2, Those Who Would be Kings, we discussed the evolution of corruption in the body politic in America, and how it has metastasized to the point of collapse.
In this installment, I will attempt to summarize what I believe is going to happen in the next twelve months.
Read More @ SilverBearCafe.com
Ron Paul: Emergency! We Need the 155 Delegates In Texas!
from Matlarson10:
Economist Mag: Cook the European Union Slowly Via This Phony Crisis
from The Daily Bell:
The future of the European Union
… The choice: A limited version of federalism is a less miserable
solution than the break-up of the euro In recent months we have
concluded that, whether or not Greece stays in the euro, a rescue
demands more. If it is to banish the spectre of a full break-up, the
euro zone must draw on its joint resources by collectively standing
behind its big banks and by issuing Eurobonds to share the burden of its
debt. We set out the scheme’s nuts and bolts below. It is unashamedly
technocratic and limited, designed not to create the full superstate
that critics (and we) fear. But it is plainly a move towards
federalism—something that troubles many Europeans. It is a gamble, but
time is running short. Rumours of bank runs around Europe’s periphery
have put savers and investors on alert (see article). The euro zone
needs a plan. – The Economist
Dominant Social Theme: A little bit of federalism is preferable to none.
Free-Market Analysis: Europe is discovering federalism. As we’ve long argued on these pages now, the “crisis” of Europe stands revealed increasingly as a phony one, a ginned-up ongoing emergency that is designed to provoke maximum centralization.
Read More @ TheDailyBell.com
The future of the European Union
… The choice: A limited version of federalism is a less miserable
solution than the break-up of the euro In recent months we have
concluded that, whether or not Greece stays in the euro, a rescue
demands more. If it is to banish the spectre of a full break-up, the
euro zone must draw on its joint resources by collectively standing
behind its big banks and by issuing Eurobonds to share the burden of its
debt. We set out the scheme’s nuts and bolts below. It is unashamedly
technocratic and limited, designed not to create the full superstate
that critics (and we) fear. But it is plainly a move towards
federalism—something that troubles many Europeans. It is a gamble, but
time is running short. Rumours of bank runs around Europe’s periphery
have put savers and investors on alert (see article). The euro zone
needs a plan. – The EconomistDominant Social Theme: A little bit of federalism is preferable to none.
Free-Market Analysis: Europe is discovering federalism. As we’ve long argued on these pages now, the “crisis” of Europe stands revealed increasingly as a phony one, a ginned-up ongoing emergency that is designed to provoke maximum centralization.
Read More @ TheDailyBell.com
Jorgen Randers: Humanity’s Biggest Risk is Our Lack of Coherent Long-Term Decision Making
from ChrisMartensondotcom :
Forty years ago, a group of researchers at MIT ran a study to address the question of how humans would adapt to the physical limitations of a finite planet. That study became the book, “Limits to Growth”
It should have been a starting point for a critical discussion at the national — or even global — level. It could have led to the birthing of many practical and then-implementable initiatives that may have brought our unsustainable demographic, industrial and consumptive behavior under better control. But sadly, the book instead became a lightning rod for controversy. And decades later, the issues it warned of loom larger than ever.
Forty years ago, a group of researchers at MIT ran a study to address the question of how humans would adapt to the physical limitations of a finite planet. That study became the book, “Limits to Growth”
It should have been a starting point for a critical discussion at the national — or even global — level. It could have led to the birthing of many practical and then-implementable initiatives that may have brought our unsustainable demographic, industrial and consumptive behavior under better control. But sadly, the book instead became a lightning rod for controversy. And decades later, the issues it warned of loom larger than ever.
Labor, Occupy and Tea Party Supporters: ‘It’s the Empire!!’
by P.A. Farruggio, Activist Post
The truth of the matter is that we are all serfs under this current
21st century American feudalism. Centuries ago the barons and lords of
the manor earned in excess of hundreds of times what their serfs did, as
do the owners and CEOS of our present economy. Yet, this is but the tip
of the iceberg of a much more frozen and devious block of wealth and
power: Our Military Industrial Empire.
I refuse to use the word complex to describe this conglomeration of private interests mingled in with our Pentagon and the myriad of national security agencies. Sadly, all that these movers and shakers of our foreign and domestic policies care about is profit and power! They rely on the majority of we serfs to make sure that the cages do not rattle too much as they carry us off into the zoo.
Read More @ Activist Post
The truth of the matter is that we are all serfs under this current
21st century American feudalism. Centuries ago the barons and lords of
the manor earned in excess of hundreds of times what their serfs did, as
do the owners and CEOS of our present economy. Yet, this is but the tip
of the iceberg of a much more frozen and devious block of wealth and
power: Our Military Industrial Empire.I refuse to use the word complex to describe this conglomeration of private interests mingled in with our Pentagon and the myriad of national security agencies. Sadly, all that these movers and shakers of our foreign and domestic policies care about is profit and power! They rely on the majority of we serfs to make sure that the cages do not rattle too much as they carry us off into the zoo.
Read More @ Activist Post
IMF Hypocrisy & Greek Misery: Looted, suicidal, desperate
from RussiaToday:
Facebook fury has forced the head of the International Monetary Fund to express sympathy with Greece’s financial struggle. Christine Lagarde caused outrage by saying she had more sympathy for poor African children than Greeks suffering economic problems. She suggested that the Greek culture of tax evasion was the main cause of their hardship, prompting tens of thousands of furious messages on her page. For more on the story RT talks to George Katroungalos, attorney and professor of international law.
3 Years...2,278 Plus posts... to help keep YOU informed...and only 7 Donations (Thanks guys) Total raised $165.00...
Please Donate...
Thank You
Facebook fury has forced the head of the International Monetary Fund to express sympathy with Greece’s financial struggle. Christine Lagarde caused outrage by saying she had more sympathy for poor African children than Greeks suffering economic problems. She suggested that the Greek culture of tax evasion was the main cause of their hardship, prompting tens of thousands of furious messages on her page. For more on the story RT talks to George Katroungalos, attorney and professor of international law.
3 Years...2,278 Plus posts... to help keep YOU informed...and only 7 Donations (Thanks guys) Total raised $165.00...
Please Donate...
Thank You
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