from Silver Doctors:
Prepping
is partly buying a grocery list of items you need to stock, as well as a
mind set that moves beyond the physical act of getting supplies in the
cupboard. Stocking up is a great place to start. Stocking also buys you
invaluable time to assess situations as they crop up while keeping you
safe.
Preppers have a situational awareness of what might affect them in unexpected ways and unpredictable directions. Every plan comes unglued when it encounters the real world so having backups to your plan will smooth your way to safety. Some of those are in this short guide.
Read More @ SilverDoctors.com
Preppers have a situational awareness of what might affect them in unexpected ways and unpredictable directions. Every plan comes unglued when it encounters the real world so having backups to your plan will smooth your way to safety. Some of those are in this short guide.
Read More @ SilverDoctors.com
by Simon Black, Sovereign Man :
Let’s face it– our modern consumer society makes things easy… we don’t
have to think about, or even know how to ‘do’ ANYTHING, from lawn care
to vehicle maintenance to carpentry. While it may be convenient, this
level of specialization does breed a certain amount of dependency… and
nowhere is this more obvious than in the ‘Big Ag’ food system.
Most people are completely dependent on a small handful of companies–Monsanto, ADM, etc. which control most of the food supply and deliver it to grocery shelves around the world. You could almost say it’s a centrally-planned food system, which, like a centrally-planned government, is prone to failure.
Read More @ SovereignMan.com
by Thomas Kee, Seeking Alpha:
All eyes are fixated on Europe right now, and the market swings with each headline that comes across the wires. Uncertainty abounds as investors try to determine the credibility of these headlines, and try to predict the outcome for Greece … and then Spain, and then Portugal, and then Italy.
But, the old saying goes, “Those who live in a glass house can’t throw stones.” On Tuesday, May 22, the Congressional Budget Office released a report indicating that if the Bush Tax Cuts are allowed to expire, as is currently planned, and if the agreed upon budget cuts are put forth next year, the economy will slip into a recession in early 2013. This got much less press than the drama coming out of Europe, but I find this to be a much more significant risk to the market this summer.
Read More @ SeekingAlpha.com
In twenty or thrity years, I expect future monetary historians looking back on this period of history to frequently misquote Ernest Hemingway:
Back on March 27, following the epic disappointment that was the BATS IPO, we presented a detailed forensic analysis courtesy
of Nanex, which demonstrated step by step how a Nasdaq-borne algo may
have been the culprit shattering BATS' hopes of ever going public. Fast
forward two months later to the most anticipated IPO in recent
history, in which FaceBook's even more epic, if not quite as stark,
implosion has set back the general public's faith in capital markets
decades back. The irony, of course, is that FB didn't do anything that
many weren't warning about: it simply plunged which would make perfect
sense in a normal world. This in turn was the spark that provoked the
public ire - had FB simply doubled since IPO day, nobody would care
about what really happened on May 18. Alas, it didn't. And now the
lawsuits come. The problem is we don't transact in a normal world, but
one dominated by central banks and algorithms - which is why the most
pressing question for those who grasp the real new normal is how come in a market as controlled and manipulated as the central bank-dominated venue we have now, was FB stock allowed to plunge? For what may be the actual definitive answer, as
opposed to now trite philosophical ruminations on valuation, ethics,
underwriter and shareholder greed, we once again go to Nanex, which has
caught the perpetrator red handed once again... As Nanex' Eric
Hunsader tells us: "Turns out just before Nasdaq's quote crossed and
became non-firm, one copy of the same quote (crossed) was marked
regular, and I think that caused other algos to react and immediately sell off the stock.
When that crossed quote from nasdaq appears, bid prices from other
exchanges suddenly evaporate and that causes the NBBO spread to explode
from 1 cent to 70+cents in 1/10th of a second! Nasdaq's quote started
doing this when the stock approached 42.99 -- that effectively prevented the stock from going higher (a few spurious trades right at the open came from BATS for 44 ~ 45 etc, before Nq's quote was in play). So these stupid Algos effectively short circuited the stock for Facebooks IPO! Unreal."
Let’s face it– our modern consumer society makes things easy… we don’t
have to think about, or even know how to ‘do’ ANYTHING, from lawn care
to vehicle maintenance to carpentry. While it may be convenient, this
level of specialization does breed a certain amount of dependency… and
nowhere is this more obvious than in the ‘Big Ag’ food system.Most people are completely dependent on a small handful of companies–Monsanto, ADM, etc. which control most of the food supply and deliver it to grocery shelves around the world. You could almost say it’s a centrally-planned food system, which, like a centrally-planned government, is prone to failure.
Read More @ SovereignMan.com
All eyes are fixated on Europe right now, and the market swings with each headline that comes across the wires. Uncertainty abounds as investors try to determine the credibility of these headlines, and try to predict the outcome for Greece … and then Spain, and then Portugal, and then Italy.
But, the old saying goes, “Those who live in a glass house can’t throw stones.” On Tuesday, May 22, the Congressional Budget Office released a report indicating that if the Bush Tax Cuts are allowed to expire, as is currently planned, and if the agreed upon budget cuts are put forth next year, the economy will slip into a recession in early 2013. This got much less press than the drama coming out of Europe, but I find this to be a much more significant risk to the market this summer.
Read More @ SeekingAlpha.com
Chinese Chaos Is The Immediate Threat To The Dollar
In twenty or thrity years, I expect future monetary historians looking back on this period of history to frequently misquote Ernest Hemingway:
How did the dollar die? First it died slowly — then all at once.The slow death began with the dollar’s birth as a global reserve currency. America was creditor and manufacturer to the world, and the capitalist superpower. People around the globe transacted overwhelmingly in dollars. Above all else, people needed dollars to conduct trade, and they were willing to pay richly for them, and for dollar-denominated debt
"The Euro Is Dead; Long Live The Euro"
Despite all the stories of apocalypse now there is a fighting chance that Greece will stay in the eurozone for the time being. This is the real tragedy of course, but unfortunately for all involved there just isn’t the political appetite for “Grexit”. The Germans have done their sums and if Greece leaves they are in deep, way above the top of their lederhosen. The Greeks of course want to stay on the euro gravy train, but it is German gravy and Siemens almost certainly built the loco. Merkel is increasingly isolated but being from the old East Germany she is almost certainly dangerous when cornered. The option for her may not be kicking the Greeks into touch, but taking Germany back to the DMark and leaving the French to sort the mess out. This is something her Finance Minister, who looks increasingly like one of Peter Sellers’ characters in Dr Strangelove, would heartily approve of and might even get her re-elected.Comparing Track Records: Mitt Romney's Private Equity vs Barack Obama's Public Equity
By now everyone is well aware what the main tension involving this year's presidential campaign as far as Mitt Romney is concerned, will be his professional past, namely his experience at, and exposure to, Bain Capital. By now most have also gotten a sense of the angle of attack that the incumbent will rely on in order to discredit his GOP challenger, and if they haven't, they will soon enough: after all in Obama's own words "Mitt Romney's record at Bain Capital is what this campaign is going to be about." In other words, Romney's history with managing private (emphasis added) equity. Yet at Marc Thiessen at the WaPo points out, the logical retort from the Romney camp would be to shift attention to something potentially more embarrassing: Obama's record with public equity. Because, frankly, it is deplorable. And while one may debate the number of job losses at the companies that Bain took private, the driving prerogative for Romney was to generate value for his investors and shareholders. This in itself will hardly be debated by Obama. In other words, for any and all of his other failings, Romney succeeded at his primary task. The question then is: did Obama do the same? Did he succeed in investing public equity, i.e., the taxpayer capital that the US financial mechanism has afforded him. Sadly, the answer appears to be a resounding no.SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook's Downfall
Back on March 27, following the epic disappointment that was the BATS IPO, we presented a detailed forensic analysis courtesy
of Nanex, which demonstrated step by step how a Nasdaq-borne algo may
have been the culprit shattering BATS' hopes of ever going public. Fast
forward two months later to the most anticipated IPO in recent
history, in which FaceBook's even more epic, if not quite as stark,
implosion has set back the general public's faith in capital markets
decades back. The irony, of course, is that FB didn't do anything that
many weren't warning about: it simply plunged which would make perfect
sense in a normal world. This in turn was the spark that provoked the
public ire - had FB simply doubled since IPO day, nobody would care
about what really happened on May 18. Alas, it didn't. And now the
lawsuits come. The problem is we don't transact in a normal world, but
one dominated by central banks and algorithms - which is why the most
pressing question for those who grasp the real new normal is how come in a market as controlled and manipulated as the central bank-dominated venue we have now, was FB stock allowed to plunge? For what may be the actual definitive answer, as
opposed to now trite philosophical ruminations on valuation, ethics,
underwriter and shareholder greed, we once again go to Nanex, which has
caught the perpetrator red handed once again... As Nanex' Eric
Hunsader tells us: "Turns out just before Nasdaq's quote crossed and
became non-firm, one copy of the same quote (crossed) was marked
regular, and I think that caused other algos to react and immediately sell off the stock.
When that crossed quote from nasdaq appears, bid prices from other
exchanges suddenly evaporate and that causes the NBBO spread to explode
from 1 cent to 70+cents in 1/10th of a second! Nasdaq's quote started
doing this when the stock approached 42.99 -- that effectively prevented the stock from going higher (a few spurious trades right at the open came from BATS for 44 ~ 45 etc, before Nq's quote was in play). So these stupid Algos effectively short circuited the stock for Facebooks IPO! Unreal."
by David Galland, Casey Research:
Glancing
at the news most days, it’s hard not to feel like Bill Murphy’s
character in Groundhog Day. In the event you are unfamiliar with the
movie, in it Murphy’s character becomes trapped in the same day… day
after day.
In the current circular condition, we have the powers-that-be assuring us that the next high-level meeting will finally produce a permanent fix to the broken economy, essentially solving the sovereign debt crisis. Then, in no more than a few days, or at most a couple of weeks, the fix is revealed to be flawed and the crisis again sparks into flames. Followed shortly thereafter by yet another high-level meeting – and the cycle begins anew.
While the characters may change – one week it is Greece, the next it is Spain, the next it is France, the next it is the US, the next it is Greece again, etc., etc. ad nauseam – the detached observer who steps back to a distance sufficient to view the larger picture can only com
Read More @ CaseyResearch.com
Glancing
at the news most days, it’s hard not to feel like Bill Murphy’s
character in Groundhog Day. In the event you are unfamiliar with the
movie, in it Murphy’s character becomes trapped in the same day… day
after day.In the current circular condition, we have the powers-that-be assuring us that the next high-level meeting will finally produce a permanent fix to the broken economy, essentially solving the sovereign debt crisis. Then, in no more than a few days, or at most a couple of weeks, the fix is revealed to be flawed and the crisis again sparks into flames. Followed shortly thereafter by yet another high-level meeting – and the cycle begins anew.
While the characters may change – one week it is Greece, the next it is Spain, the next it is France, the next it is the US, the next it is Greece again, etc., etc. ad nauseam – the detached observer who steps back to a distance sufficient to view the larger picture can only com
Read More @ CaseyResearch.com
by Geobear, Wake Up World:
The Illinois Ag Dept. illegally seized privately owned bees from
renowned naturalist, Terrence Ingram, without providing him with a
search warrant and before the court hearing on the matter, reports Prairie Advocate News.
The Illinois Ag Dept. illegally seized privately owned bees from
renowned naturalist, Terrence Ingram, without providing him with a
search warrant and before the court hearing on the matter, reports Prairie Advocate News.
Behind the obvious violations of his
Constitutional rights is Monsanto. Ingram was researching Roundup’s
effects on bees, which he’s raised for 58 years. “They ruined 15 years
of my research,” he told Prairie Advocate, by stealing most of his
stock.
Read More @ wakeup-world.comIf E.U. Fails, Hard Landing for China: In-Depth on RESET w/ Vince Lanci
from laroucheyouth:
This past weekend, the British press revealed that six months ago Blair privately advised Obama on how he could win his re-election, but this is just as dangerous as it is typical. Blair, the orchestrator of the “sexed up” intelligence that got us into the Iraq War, has his stamp on every evil Obama policy, and as long as Obama remains in office he will remain a destructive British tool.
This past weekend, the British press revealed that six months ago Blair privately advised Obama on how he could win his re-election, but this is just as dangerous as it is typical. Blair, the orchestrator of the “sexed up” intelligence that got us into the Iraq War, has his stamp on every evil Obama policy, and as long as Obama remains in office he will remain a destructive British tool.
from The Economic Collapse Blog:
Once upon a time, the largest U.S. cities were the envy of the entire
world. Sadly, that is no longer the case. Sure, there are areas of New
York City, Boston, Washington and Los Angeles that are still absolutely
beautiful but for the most part our major cities are rapidly rotting
and decaying. Cities such as Detroit, Cleveland, Baltimore, Memphis,
New Orleans, St. Louis and Oakland were all once places where middle
class American workers thrived and raised their families. Today, all of
those cities are rapidly being transformed into cesspools of filth,
decay and wretchedness. Millions of good jobs have left our major
cities in recent decades and poverty has absolutely exploded.
Basically, you can turn out the lights because the party is over. In
fact, some major U.S. cities are literally turning out
the lights. In Detroit, about 40 percent of the streetlights are
already broken and the city cannot afford to repair them. So Mayor Bing
has come up with a plan to cut the number of operating streetlights
almost in half and leave vast sections of the city totally in the dark
at night. I wonder what that will do to the crime rate in the city.
But don’t look down on Detroit too much, because what is happening in
Detroit will be happening where you live soon enough.
A recent Bloomberg article described Mayor Bing’s plan to eliminate nearly half of Detroit’s streetlights….
Read More @ TheEconomicCollpaseBlog.com
Once upon a time, the largest U.S. cities were the envy of the entire
world. Sadly, that is no longer the case. Sure, there are areas of New
York City, Boston, Washington and Los Angeles that are still absolutely
beautiful but for the most part our major cities are rapidly rotting
and decaying. Cities such as Detroit, Cleveland, Baltimore, Memphis,
New Orleans, St. Louis and Oakland were all once places where middle
class American workers thrived and raised their families. Today, all of
those cities are rapidly being transformed into cesspools of filth,
decay and wretchedness. Millions of good jobs have left our major
cities in recent decades and poverty has absolutely exploded.
Basically, you can turn out the lights because the party is over. In
fact, some major U.S. cities are literally turning out
the lights. In Detroit, about 40 percent of the streetlights are
already broken and the city cannot afford to repair them. So Mayor Bing
has come up with a plan to cut the number of operating streetlights
almost in half and leave vast sections of the city totally in the dark
at night. I wonder what that will do to the crime rate in the city.
But don’t look down on Detroit too much, because what is happening in
Detroit will be happening where you live soon enough.A recent Bloomberg article described Mayor Bing’s plan to eliminate nearly half of Detroit’s streetlights….
Read More @ TheEconomicCollpaseBlog.com
from The Daily Sheeple:
With
warnings about the Fukushima disaster getting more dire every day, many
are wondering how they can avoid the inevitable radioactive fallout
should things worsen in Japan.
The bottom line is, unless you’ve got a fully stocked nuclear bunker and radiation suits, there’s not much you can do to prevent exposure – other than to get the heck out of Dodge.
This may explain why elite members of society, most notably George Soros and the Bush family, have purchased thousands of acres of land in South America, directly above a major aquifer.
Read More @ TheDailySheeple.com
With
warnings about the Fukushima disaster getting more dire every day, many
are wondering how they can avoid the inevitable radioactive fallout
should things worsen in Japan.The bottom line is, unless you’ve got a fully stocked nuclear bunker and radiation suits, there’s not much you can do to prevent exposure – other than to get the heck out of Dodge.
This may explain why elite members of society, most notably George Soros and the Bush family, have purchased thousands of acres of land in South America, directly above a major aquifer.
Read More @ TheDailySheeple.com
Your Kids Will Have It Better Than You Do
by Gary North, Lew Rockwell.com:
I read that Americans who have spoken to poll-takers express the fear
that their children will not live as well as they have. Here is an
example. The poll was taken in October 2011.
More than two-thirds of voters say the United States is declining, and a clear majority think the next generation will be worse off than this one, according to the results of a new poll commissioned by The Hill.
A resounding 69 percent of respondents said the country is “in decline,” the survey found, while 57 percent predict today’s kids won’t live better lives than their parents. Additionally, 83 percent of voters indicated they’re either very or somewhat worried about the future of the nation, with 49 percent saying they’re “very worried.”
Read More @ LewRockwell.com
by Charles Hugh Smith, Of Two Minds:
The mainstream media has always loved controversy and wars, military and cultural alike.
Now we have an “Argument Industry” that thrives on keeping problems insoluble.
That much of the “news” is artifice and propaganda is a given. How can a society make good decisions about its future when the “facts” such as the unemployment rate are massaged and manipulated, and so many of the “reforms” are simulacra designed by the very wolves supposedly being tamed? Answer: it can’t.
The same question can be asked of a society in which the “editorial” side of the mainstream media is dominated by an “Argument Industry” that pours gasoline on every conflict and avoids solutions like a vampire avoids the Cross and garlic.
Finding solutions would decimate the “Argument Industry” and slash profits.
That leaves us with the same question: How can a society make good decisions about its future when every challenge is conflated into extremes that cannot abide compromise or even recognize “outside the box” solutions? Answer: it can’t.
Read More @ OfTwoMinds.com
by Gary North, Lew Rockwell.com:
I read that Americans who have spoken to poll-takers express the fear
that their children will not live as well as they have. Here is an
example. The poll was taken in October 2011.More than two-thirds of voters say the United States is declining, and a clear majority think the next generation will be worse off than this one, according to the results of a new poll commissioned by The Hill.
A resounding 69 percent of respondents said the country is “in decline,” the survey found, while 57 percent predict today’s kids won’t live better lives than their parents. Additionally, 83 percent of voters indicated they’re either very or somewhat worried about the future of the nation, with 49 percent saying they’re “very worried.”
Read More @ LewRockwell.com
from Mitch Stoltz, Activist Post
Television networks are having a busy month trying to stamp out new
TV-watching technology, including telling a court that skipping a
commercial while watching a recorded show is illegal. Yesterday, Fox, NBC, and CBS
all sued Dish Network over its digital video recorder with automatic
commercial-skipping. The same networks, plus ABC, Univision, and PBS,
are gearing up for a May 30 hearing in their cases against Aereo, a New York startup bringing local broadcast TV to the Internet.
EFF and Public Knowledge filed an amicus brief supporting Aereo this week.
The suits against Dish are a response to the “Hopper” DVR and its “Auto Hop” feature, which automatically skips over commercials.
Read More @ Activist Post
Television networks are having a busy month trying to stamp out new
TV-watching technology, including telling a court that skipping a
commercial while watching a recorded show is illegal. Yesterday, Fox, NBC, and CBS
all sued Dish Network over its digital video recorder with automatic
commercial-skipping. The same networks, plus ABC, Univision, and PBS,
are gearing up for a May 30 hearing in their cases against Aereo, a New York startup bringing local broadcast TV to the Internet.EFF and Public Knowledge filed an amicus brief supporting Aereo this week.
The suits against Dish are a response to the “Hopper” DVR and its “Auto Hop” feature, which automatically skips over commercials.
Read More @ Activist Post
by Julian D. W. Phillips, Gold Seek:
For many years now gold and silver –by its pattern of following gold
wherever it goes— have been treated by traders, investors and central
banks as a ‘counter to the U.S. dollar’ and quite rightly so; this
definition, however, applies primarily to the long-term value of the
dollar and not simply to the daily gyrations of the dollar’s exchange
rate.
What we’ve seen lately is gold and silver prices moving with (and often faster, both ways) than the euro, but the link remain solid. With concern for the future gold and silver prices in mind, it’s time to examine this relationship to see where it’s taking these precious metals. With the Eurozone crisis moving to potential ‘runs’ on Greek and Spanish banks, the future of the euro is now on the line. A look at a precipitous fall in the euro and the potential for gold and silver to follow is warranted. Investors should be prepared for very volatile and surprising gold and silver price moves.
Meaning of ‘Counter to the Dollar’
Read More @ GoldSeek.com
For many years now gold and silver –by its pattern of following gold
wherever it goes— have been treated by traders, investors and central
banks as a ‘counter to the U.S. dollar’ and quite rightly so; this
definition, however, applies primarily to the long-term value of the
dollar and not simply to the daily gyrations of the dollar’s exchange
rate.What we’ve seen lately is gold and silver prices moving with (and often faster, both ways) than the euro, but the link remain solid. With concern for the future gold and silver prices in mind, it’s time to examine this relationship to see where it’s taking these precious metals. With the Eurozone crisis moving to potential ‘runs’ on Greek and Spanish banks, the future of the euro is now on the line. A look at a precipitous fall in the euro and the potential for gold and silver to follow is warranted. Investors should be prepared for very volatile and surprising gold and silver price moves.
Meaning of ‘Counter to the Dollar’
Read More @ GoldSeek.com
After
hyperinflation in 2008, Zimbabwe abandoned its own currency, which
included notes of 50 billion Zimbabwe dollars and even trillion-dollar
notes. The main currency is the U.S. dollar, though the South African
rand (on right) is also used in some places.
by Anders Kelto, NPR:
Four years ago, Zimbabwe experienced one of the worst cases of hyperinflation in history. The country abandoned its own currency and switched to the U.S. dollar — a move experts say prevented a complete economic collapse.
But using American dollars has created a host of bizarre issues. The bills are filthy, crumbling and often in short supply. There are no U.S. coins to make change, so chocolate is handed out instead. There is, oddly, an abundance of $2 bills.
Read More @ npr.org
by Anders Kelto, NPR:
Four years ago, Zimbabwe experienced one of the worst cases of hyperinflation in history. The country abandoned its own currency and switched to the U.S. dollar — a move experts say prevented a complete economic collapse.
But using American dollars has created a host of bizarre issues. The bills are filthy, crumbling and often in short supply. There are no U.S. coins to make change, so chocolate is handed out instead. There is, oddly, an abundance of $2 bills.
Read More @ npr.org
by Mike Adams, Natural News:
Here’s some news for those who still somehow believe the political left
in Washington cares about the People. After U.S. Senator Rand Paul
introduced an amendment that would have ended armed FDA raids on raw milk farmers and legalized free speech
about the curative properties of medicinal herbs, nutritional
supplements and superfoods, are you curious how many Democrats voted in
favor of this?
Zero.
Big fat zero, to be exact.
Not a single Democrat in the United States Senate believes in fundamental food freedom, farm freedom or the principles of liberty. Every single Democrat in the Senate is a Big Brother sellout who supports the FDA having more guns pointed in the faces of raw milk farmers, arresting them and throwing them in prison, criminalizing real food and destroying America’s small family farms.
Read More @ NaturalNews.com
from The Economic Collapse Blog:
Why isn’t the U.S. economy in a depression right now? The number one reason is because the federal government has stolen more than five trillion dollars from future generations since Barack Obama was elected and has used that money to pump up our grossly inflated standard of living. Whether the federal government spends money wisely or foolishly, the truth is that the vast majority of it still ends up in the pockets of the American people who then use it to buy the things they need for their daily lives. If the U.S. government had not borrowed and spent an extra five trillion dollars that we did not have over the past several years, we would be in the middle of a rip-roaring economic depression right now. So any talk that Barack Obama is “improving the economy” is a total farce. It is a five trillion dollar lie. The reality is that Barack Obama and the U.S. Congress have been stealing trillions of dollars from future generations in order to make things tolerable in the present. If the federal government adopted a balanced budget next year, the debt-fueled prosperity that we are currently enjoying would start disappearing very rapidly and all hell would break loose in America.
At this point, the U.S. national debt is over 15.7 trillion dollars.
Read More @ TheEconomicCollapseBlog.com
Here’s some news for those who still somehow believe the political left
in Washington cares about the People. After U.S. Senator Rand Paul
introduced an amendment that would have ended armed FDA raids on raw milk farmers and legalized free speech
about the curative properties of medicinal herbs, nutritional
supplements and superfoods, are you curious how many Democrats voted in
favor of this?Zero.
Big fat zero, to be exact.
Not a single Democrat in the United States Senate believes in fundamental food freedom, farm freedom or the principles of liberty. Every single Democrat in the Senate is a Big Brother sellout who supports the FDA having more guns pointed in the faces of raw milk farmers, arresting them and throwing them in prison, criminalizing real food and destroying America’s small family farms.
Read More @ NaturalNews.com
Why isn’t the U.S. economy in a depression right now? The number one reason is because the federal government has stolen more than five trillion dollars from future generations since Barack Obama was elected and has used that money to pump up our grossly inflated standard of living. Whether the federal government spends money wisely or foolishly, the truth is that the vast majority of it still ends up in the pockets of the American people who then use it to buy the things they need for their daily lives. If the U.S. government had not borrowed and spent an extra five trillion dollars that we did not have over the past several years, we would be in the middle of a rip-roaring economic depression right now. So any talk that Barack Obama is “improving the economy” is a total farce. It is a five trillion dollar lie. The reality is that Barack Obama and the U.S. Congress have been stealing trillions of dollars from future generations in order to make things tolerable in the present. If the federal government adopted a balanced budget next year, the debt-fueled prosperity that we are currently enjoying would start disappearing very rapidly and all hell would break loose in America.
At this point, the U.S. national debt is over 15.7 trillion dollars.
Read More @ TheEconomicCollapseBlog.com
The mainstream media has always loved controversy and wars, military and cultural alike.
Now we have an “Argument Industry” that thrives on keeping problems insoluble.
That much of the “news” is artifice and propaganda is a given. How can a society make good decisions about its future when the “facts” such as the unemployment rate are massaged and manipulated, and so many of the “reforms” are simulacra designed by the very wolves supposedly being tamed? Answer: it can’t.
The same question can be asked of a society in which the “editorial” side of the mainstream media is dominated by an “Argument Industry” that pours gasoline on every conflict and avoids solutions like a vampire avoids the Cross and garlic.
Finding solutions would decimate the “Argument Industry” and slash profits.
That leaves us with the same question: How can a society make good decisions about its future when every challenge is conflated into extremes that cannot abide compromise or even recognize “outside the box” solutions? Answer: it can’t.
Read More @ OfTwoMinds.com
Gerald Celente – Goldseek Radio
by Dan Amoss, DailyReckoning.com.au:
Spain’s economy
is bankrupt. A veneer of freshly printed euros is all that’s holding it
together. Within a matter of weeks, more printing will be seen as
crucial to prop up banks and sovereign debt.
Like a zombie in a horror movie, this is the crisis that just won’t die. Spanish government bond yields are rising yet again, wiping out any “carry trade” profits that Spanish banks were hoping to generate by borrowing from the European Central Bank (ECB) at 1%.
The ECB’s three-year long-term refinancing operation loans bought Europe a few short months of tranquillity. The Bank of Spain announced that during the month of March, Spanish bank borrowings from the ECB soared from €152 billion to €227 billion.
Spanish banks are in big trouble. They must pay out depositors looking to move to safer banks and foreign institutional lenders pulling money out of the country. The only place Spanish banks can turn to replace this lost funding is the ECB. Spanish banks have taken up 30% of the LTRO loans issued thus far.
Read More @ DailyReckoning.com.au
For Capitalists use only...
I'm PayPal Verified
Spain’s economy
is bankrupt. A veneer of freshly printed euros is all that’s holding it
together. Within a matter of weeks, more printing will be seen as
crucial to prop up banks and sovereign debt.Like a zombie in a horror movie, this is the crisis that just won’t die. Spanish government bond yields are rising yet again, wiping out any “carry trade” profits that Spanish banks were hoping to generate by borrowing from the European Central Bank (ECB) at 1%.
The ECB’s three-year long-term refinancing operation loans bought Europe a few short months of tranquillity. The Bank of Spain announced that during the month of March, Spanish bank borrowings from the ECB soared from €152 billion to €227 billion.
Spanish banks are in big trouble. They must pay out depositors looking to move to safer banks and foreign institutional lenders pulling money out of the country. The only place Spanish banks can turn to replace this lost funding is the ECB. Spanish banks have taken up 30% of the LTRO loans issued thus far.
Read More @ DailyReckoning.com.au
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