Saturday, June 23, 2012

Europe To Launch Massive Two Trillion Euro Bailout Package

from KingWorldNews:
With tremendous volatility in global markets, today King World News interviewed one of the savviest guys in the business, Jeffrey Saut, Chief Investment Strategist for Raymond James. Saut surprised KWN by saying that Europe is about to launch “a two trillion euro bailout package.” He also stated that this “puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher.” Saut also discussed gold, but first, here is what he had to say about the crisis in Europe: “Having worked inside the Washington DC beltway, I have a pretty good working knowledge of politicians, bureaucrats and bankers. They are the same in Europe as they are in this country. They do not want to lose their power, and if the EU busts apart, they all lose their power.”
Saut continues @ KingWorldNews.com



Trillions won’t matter: Bailouts, Banking, Repression, Gold & More – Nigel Farage

On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis. Farage told KWN that “What you may see is a very desperate European Union begin to put in place capital controls and things like this … In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression.” Farage also discussed the action in the gold market, but first, here is what Farage had to say about the crucial meeting in Europe next week: “I would be very, very surprised at that big summit next week, which incidentally I have a ticket to, not that I’ll be the most popular person in the building, but I just don’t think there is going to be an agreement of any great significance next week. I just don’t see it happening.”
LISTEN NOW @ KingWorldNews.com


10 Disturbing SHTF Threats that most Preppers Haven’t Prepared For

When planning for a SHTF scenario, there’s really only one thing that we can be sure of; Survival will be a bigger challenge than you ever believed possible. While you can definitely take measures to prepare yourself for what’s to come, when you’re talking about a SHTF scenario, all bets are really off.
Here are 10 things that you may have never considered when planning for a SHTF survival situation.
1. No Law Enforcement
military troopsDuring an extreme SHTF scenario, it is very likely that law enforcement and emergency responders will be nonexistent. Even during small scale disasters, law enforcement officers often leave to take care of their own families first. When things go bad (empty grocery stores, no utilities, mass riots, violence, etc.) you are more than likely going to have to defend yourself.
2. Fake Law Enforcement
In a SHTF Scenario you need to be on the lookout for everything including people impersonating law enforcement and military personnel. During a catastrophic event, you will most likely see criminals preying on the innocent by pretending to be either police or military officers. You have to be able to quickly determine who is who, or stay away from people at all costs.
Read More @ OffGridSurvival.com



A MUST READ From Turd: On The Lookout

from TF Metals Report: I have a little time this fine Saturday morning so I thought I would share some observations with you.
First of all, we have to talk about the open interest changes on Thursday. You remember Thursday, don’t you? The day of the big beatdown? As an aside, how many times has this now happened in 2012 alone? Anytime The Bernank steps in front of a mic, the metals get crushed. What was last week…about the 7th time this has happened this year alone? At any rate, from the Comex close of Wednesday to the Comex close of Thursday, gold was down $50.30 and silver was down $1.55. As Ruprecht would say: “That’s a lot”. Let’s keep in mind a couple of things here:
Read More @ TF Metals Report.com



U.S. Mint Bullion Coin Sales Up Amid Dip: 16.6 MILLION Silver Eagles Sold YTD

from Silver Vigilante:
Demonstrating the sensitivity of the retail precious metals buyer to price, U.S. Mint coin sales were up as a result of the end of the week dip in gold and silver prices. Distributors stocked up this week as their supplies from the previous week dried up quicker than expected. U.S. Mint bullion coin orders on Thursday & Friday doubled the amount taken in the previous three. Gold coins were up more than 10,000 units, up to 24,000 troy ounces from 14,500 from the previous week.
Sales for silver coins also spiked up. The U.S. Mint’s five ounce America the Beautiful Silver Coins and Silver Eagle moved up to 720,000 ounces against the prior weeks 632,500 ounces. Here is the up-t0-date daily, weekly, June and year-to-date bullion coins sales published by the U.S. Mint:
Read More @ Silver Vigilante


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US Struggles to Install Proxy “Brotherhood” in Egypt

From Egypt to Syria, the Muslim Brotherhood does the West’s bidding – now joined by overt State Department fronts.
by Tony Cartalucci, Ativist Post
Were anyone to still believe the rhetoric of the so-called “Arab Spring,” one would be admittedly confused over the emerging political landscape in Egypt where the military establishment and the Muslim Brotherhood have emerged from what was supposedly a “pro-democracy” “popular uprising.”
However, if anyone understood that the “pro-democracy” protesters were in fact US State Department-funded, trained, and equipped mobs providing cover for the attempted installation of the Muslim Brotherhood amongst many other potential Western proxies, the current political battle would make perfect sense.
The Egyptian military, like in many developing nations, may accept money from the West, may train with Western forces, and may even participate in Western machinations of global domination, but are ultimately nationalists with the means and motivation to draw lines and check the West’s ambitions within Egypt and throughout Egypt’s sphere of influence. The necessity for the West of removing not only Hosni Mubarak who had refused to participate in a wider role against Iraq and Iran, but the grip of the military itself over Egyptian politics and replacing it with the Muslim Brotherhood who is already hard at work in Syria attempting to overthrow one of Iran’s primary regional allies, is paramount.
Read More @ Activist Post



Welcome To The Third World, Part 5: Higher Education Goes Broke

by John Rubino, DollarCollapse.com:
Not all that long ago, most college campuses were pleasant but somewhat austere places where kids without much free cash learned from modestly-paid (but dedicated and respected) professors. Then came the credit bubble, which allowed universities to put up modern buildings and hike pay and benefits, all paid for with state aid, student loans (which now exceed credit card debt), and unfunded pension promises. Today, a typical high-end state school resembles a futuristic utopia, with a pro-caliber sports stadium, a massive rec center with new exercise gear to the horizon, and professors and administrators who are paid like corporate executives.
Now it’s all falling apart, with California, of course, leading the way:
Soaring UC pension costs raise pressure for more cuts, tuition hikes
SAN FRANCISCO – The cost of pensions and retiree health benefits is soaring at the University of California, increasing pressure to raise tuition and cut academic programs at one of the nation’s leading public college systems.
Read More @ DollarCollapse.com



Filmmaker Joel Gilbert: Obama’s Real Father Exposed!

from TheAlexJonesChannel:


Alex talks with filmmaker Joel Gilbert about his Dreams from My Real Father, a documentary that posits Obama’s real father is was Frank Marshall Davis, a Communist Party USA propagandist who likely shaped Obama’s world view during his formative years.
Dreams From My Real Father: At age 18, Barack Obama admittedly arrived at Occidental College a committed revolutionary Marxist. What was the source of Obama’s foundation in Marxism? Throughout his 2008 Presidential campaign and term in office, questions have been raised regarding Barack Obama’s family background, economic philosophy, and fundamental political ideology. Dreams from My Real Father is the alternative Barack Obama “autobiography,” offering a divergent theory of what may have shaped our 44th President’s life and politics.



Q&A With The Doc: Silver Keeps Going Down, Have I Made A Mistake?

from Silver Doctors:
Bruce writes:
I used to be worth millions. After the crash I am at about a half million. Silver has caught my eye and have invested about a third of my money in it at about an average rate of about $30. It seems to keep going down. Have I made another mistake? I am not in great health and in my sixties. Should I go all in or run like hell? I know you cant give advice but I’m interested in your opinion.
Thanks

Bruce, do you mean physical silver in your own possession? If so, you will be fine as long as you are able to convince yourself you are right, and sit tight. Do you understand the reasons why silver has gone from under $4 an ounce to $50 an ounce over the last 11 years? Yes, silver has been ‘going down’ for over a year now. We are nearing the end game and the cartel is waging a massive psychological sentiment war on investors.
Read More @ SilverDoctors.com



The Extortion Racket Shifts To Italy

from Testosterone Pit.com:
One thing Greek politicians have taught other European leaders: fear mongering for the purpose of extortion is the way to go. It might not work, and it might be counterproductive, and it might destroy confidence in the economy and give investors goose bumps and blow up markets, and it might cause spooked consumers to hold back on purchases and worried businesses to freeze hiring plans, thus exacerbating the situation, but it’s nevertheless the way to go.
Greek politicians learned it from Treasury Secretary Hank Paulson who’d walked into the Capitol in September 2008, threatening that the whole world would collapse if his demands weren’t met. Soon, they expertly issued a series of escalating threats to extort the maximum amount in bailout euros from the Troika. It didn’t work very well as the Greek economy continued to spiral out of control, and as the frustrated Troika halted bailout payments from time to time, and as tempers flared, and as the people in Greece became increasingly edgy. But it was the way to go. Then came Spain. And now Italian Prime Minister Mario Monti.
Read More @ TestosteronePit.com


Hey, Thanks For All You Do … We Wouldn’t Have a Website Without It!

by Anthony Wile, The Daily Bell:

Thank you, O mighty State, for protecting us …
Thank you, O mighty Central Bankers, for continuing to create piles of monopoly money to fuel the State’s efforts …
And special thanks also to the major media conglomerates who continue to assist their readers with a steady diet of pro-anti-terrorist “information.”
Thanks as well to the corporate giants who are the major recipients of the bankers’ freshly created “dough” – those who are kind enough to recycle billions through the major media conglomerates to make sure that their ambitious faux-educational efforts continue unabated.
Thanks also to our religious leaders. Their collective compassion and tireless efforts sanctioning foreign invasions provide the military-industrial complex with the justification to install global democracy and combat evil terrorists.
Read More @ TheDailyBell.com



MUST READ – JP Morgan: Every Cloud Has a SILVER Lining

[Ed. Note: The silver suppression story goes mainstream...]
by Martin Tillier, Nasdaq.com:
Jamie Dimon, the CEO of JP Morgan Chase was recently called to testify on Capitol Hill regarding a declared $2 Billion loss on a “hedge” placed by a trader in London. Congress’s favorite Wall Street banker was given an easy ride by the Senators, but details of the loss tarnished the “squeaky clean” reputation of JP Morgan for many people. This is something potential silver investors should take note of.
There have long been rumors in the market that JP Morgan had a huge short position in silver. Many people believed that they were doing everything in their power to keep the price down to protect their position. Simply Google “JP Morgan + silver” for thousands of results. Those who denied this persistent rumor pointed to the reputation of the firm as more conservative and better behaved than the other Wall Street banks. We all know how that has played out.
Whether the rumors are true or not, and they likely are, JP Morgan’s troubles will have a positive effect on the price of silver. If they are true, the firm, in the light of increased scrutiny, will have to begin to unwind their position. They cannot afford another story about excessive risk. At the very least, they will have to stop holding the market down. They benefit enormously from being Washington’s favorite, but politicians of all stripes will change favorites faster than a 5 year old in the playground if improper manipulation of the silver market is shown to have happened.
Read More @ Nasdaq.com.com



Silver Update 6/22/12 Still Stackin’

from BrotherJohnf:




Marking time waiting for the Eu Summit next week

by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good morning Ladies and Gentlemen:
Before commencing, I would like to report that we had no banking casualties last night as such no new entrants into our morgue.
Gold closed up today to the tune of $1.50 to $1666.00 by comex closing time. The price of silver however was a little more subdued falling by 18 cents to $26.65, Yesterday Europe bourses were in the red catching up to all of the poor PMI numbers (Purchasers Managers Indices) on manufacturing form Asia and Europe including Germany together with the poor Philly manufacturing index. All hopes will rest next week on the big EU summit where it is hoped that a deal will be struck on Euro bonds and the implementation of the ESM which still needs to be ratified. It is hoped that the ESM will allow direct purchases of bank indebtedness. All of these events have no chance of happening as Germany is steadfast and only existing agreed upon facilities will be used. Greece has 2 billion euros left in the kitty and most of that will be used to pay federal workers at month’s end. They still have 1 billion euros coming but 90% of that money goes back to the ESM. Greece will keep only 100 million euros of that. It looks like the first week of July, Greece will be out of funds. We will go over all of these events but first, let us head over to the comex and assess trading today. You will see some major surprises.
Read More @ HarveyOrgan.Blogspot.ca



KWN Weekly Metals Wrap

from KingWorldNews:
The KWN Weekly Metals Wrap – We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my secret weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold and silver market price action.
LISTEN NOW @ KingWorldNews.com



Capitalists Who Fear Change

By Jeff Berwick of Dollar Vigilante, via Daily Reckoning.com.au:

Digital technology is reinventing our whole world, in service of you and me. It’s free enterprise on steroids. It’s bypassing the gatekeepers and empowering each of us to invent our own civilization for ourselves, according to our own specifications.
The promise of the future is nothing short of spectacular – provided that those who lack the imagination to see the potential here don’t get their way. Sadly, but predictably, some of the biggest barriers to a bright future are capitalists themselves who fear the future.
A good example is the current hysteria over 3-D printing. This technology has moved with incredible speed from the realm of science fiction to the real world, seemingly in a matter of months. You can get such printers today for as low as $400. These printers allow objects to be transported digitally and literally printed into existence right before your very eyes.
Read More @ DailyReckoning.com.au



Trade Tariffs as Welfare State Economics

By Gary North, The Market Oracle:
I have found over the years that when I debate with people who promote tariffs, meaning sales taxes on imported goods that are enforced by people with badges and guns, they always adopt arguments that apply only to America’s side of the border. They refuse to adopt those very same arguments for people on the other side of the border.
I challenge defenders of tariffs to state their arguments in terms of both of the people who want to trade, not just the American. The ethics and economics of restricted trade surely apply to the person who wants to trade on the other side of the invisible line known as a national border. If the arguments for restricted trade apply to the American economy, then surely they apply to the other nation’s economy. Logic and ethics do not change just because we cross an invisible judicial line. I take this position because I want the pro-tariff person to face the implications of his position.
It never ceases to amaze me that I am almost never able to persuade a person who defends tariffs to follow the logic of his argument. Without exception, the person insists that the invisible line dividing two jurisdictions called nations is economically significant, and therefore sales taxes on imported goods on the American side of the border are legitimate, wise, and beneficial to the vast majority of Americans.
Read More @ TheMarketOracle.co.uk


US Government Gives UN Classified Tesla Technology to Assist Sustainable Development Scheme

by Susanne Posel, Occupy Corporatism:
Wireless energy transfer (WET), a.k.a. wireless energy transmission, is the transference of electromagnetic energy transmitted from a central power source without the use of connecting wires.
Tesla’s coil experiments , proving the feasibility of WET, during his experiments in Colorado in the early 1900’s were the pre-cursor to the “inventions” in this field today. After Tesla died, the US government confiscated all documents pertaining to his experiments and classified them. Since the 1950’s the US government has held this technology in secret.
In the UK, the induction power transfer (IPT) is the first commercially available wireless electric car charger. HaloIPT , a start-up corporation has released this technology in certain areas of England’s motorways or car parks. Electric cars will be charged automatically when the integrated receive pad is enabled.
Read More @ OccupyCorporatism.com



JPMorgan & Other Financials Still Receiving Billions Annually From U.S. Taxpayer: TARP Institutionalized, When Dimon Should Be Institutionalized

from Silver Vigilante:
Is JPMorgan worried about its potential $18 billion dollar loss? Perhaps not, when it could be offset by $14 billion in United States taxpayer subsidies – that’s 77 percent of its total net income in the last four quarters! And this comes as no surprise as over the last several decades governments and central banks around the world have shown willingness to keep their banking brethren solvent in times of opportunity bringing crisis.
Senator Jeff Merkley (D-Ore.) pointed out last week to the Senate Banking Committees’ Jamie Dimon homecoming that the bank would be bunk without taxpayer money – insolvent.
Dimon’s defensiveness suggests lies, as he “roared” that the only reason the bank took government funds and borrowed at near-zero percent interest rates from the Federal Reserve was because the government made it. It’s the excuse of a child. Woah, come on Jamie, no reason to freak out or anything…
Read More @ Silver Vigilante



Obama: Thrown Under The Bus

All indicators point to the sober realization that those ironclad seams that bound the Democratic establishment together four years ago are coming apart
by Patrick Henningsen, Infowars:

Originally hired as the President’s chief legalese attack dog, and of good Chicago pedigree, Attorney General Eric Holder has done nearly everything humanly possible to bend laws in an effort to shield the President from any legal blow-back from an endless array of unconstitutional and criminal acts undertaken committed since 2008 and before.
This past Wednesday, the first major leak sprang in a White House ship that was thought to be unsinkable when Obama began his occupation of Pennsylvania Ave four years ago. In the Nixonian tradition, and a move that was clearly part of an overall damage control operation, the President claimed dubious legal refuge under ‘executive privilege’ regarding any documents relating to Attorney General Eric Holder’s notorious “Operation Fast and Furious”.
Opponents of the Obama White House will likely use this scandal as ammunition during the coming months. Democratic spin doctors behind the scenes are already losing their footing as to how to defend against Republican attacks during the this re-election campaign.
Read More @ Infowars.com



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