Mass Shooting... By NYPD's Finest...

Was The NYPD Responsible For 10 Of The 11 People Shot Yesterday?

Update: Yes it was - Police: All Empire State shooting victims were wounded by officers
The official media-friendly narrative explaining yesterday's latest tragic shooting incident in midtown Manhattan in which a recently unemployed Jeffrey Johnson, 58, walked up to his former boss and shot him three times point blank before "calmly" walking away, is that Johnson also shot 9 other people, luckily none fatally, before being taken down by the NYPD. Sadly, as so often happens these days, the "media-friendly" narrative is wrong, and as CBS and Guardian report, Johnson did not fire during the quote unquote shootout, in which at least nine other perfectly innocent were hit, all of them by stray NYPD bullets.

We Will Be Destroyed By Inflation That Paralyzes The Economy

from KingWorldNews:
Today legendary value investor Jean-Marie Eveillard, who oversees $60 billion, warned King World News that we are headed towards runaway inflation and an economy that will be become paralyzed by the enormous distortions created by this inflation. Here is what Eveillard had to say: “Inflation creates enormous distortions, and if you take the extreme example of Weimar Germany in the early 30s, it (inflation) paralyzes and almost destroys economic activity because the distortions become gigantic.”
“The distortions were illustrated, in the Weimar Republic days, by the fact that you had to pile bank notes into wheelbarrows in order to buy a loaf of bread. Inflation, because of the distortions it introduces, ends up paralyzing an economy.”
Jean-Marie Eveillard AUDIO INTERVIEW @ KingWorldNews.com

The Unvarnished Truth About Greece

While Belize is comfortable buggering bondholders, the Greeks (following this morning's headlines) remain beholden to their euro-zone overlords - having survived a few more months on the back of reach-around 'bailouts' and ponzi-financing - all in the effort of providing more time for the 'rest of Europe' to figure out how to handle the 'Athens moment' that is surely coming. With September and October critical 'event-rich' months, Patrick Young, of DV Advisors, provides the clearest and least 'rose-tinted' perspective on where Greece has been, where they are now, and where this will all end. From the forged application for euro-zone membership to Oz-like fantasies of growth and austerity targets that remain pipe-dreams (and are constantly being missed), the bold Irishman in this brief clip explains "Greece has not done anything to really help itself, missed every deadline its been given" and the PM's comments on their 'spectacular come-back' clarifies the 'utter delusion' among the Greek political class because "Greece is bankrupt; full stop; game over" and Merkel must agree to 'let' Greece leave the Euro (post Troika) - as the rise of civil unrest, since whatever new money flows their way exits right out the back door and never 'helps' the people, is inevitable.

Goldman Explains "Where To Invest Now"

Goldman's David Kostin has just released a whopper of a 72-page script for the latest episode of the "El Muerte De Muppet" telenovella in the form of a comprehensive report titled "Where to invest now - Cliff Notes". And since the qualifier is obviously a reference to the fiscal cliff which Congress will continue to ignore as long as the market is at or near 2012 highs courtesy of Ben Bernanke's politicized promises of massive easing on any market downtick, thus providing zero impetus for any proactive legislation that resolves the imminent GDP collapse, one can provide a not so rhetorical answer to Goldman's rhetorical question: "nowhere" (if one is limited to investing in paper-based pyramid schemes of course in which the "catalyst" is not hope and prayer for more printing or the emergence of a greater fool).

America’s Descent into Poverty

by Paul Craig Roberts, Paul Craig Roberts:

The United States has collapsed economically, socially, politically, legally, constitutionally, and environmentally. The country that exists today is not even a shell of the country into which I was born. In this article I will deal with America’s economic collapse. In subsequent articles, i will deal with other aspects of American collapse.
Economically, America has descended into poverty. As Peter Edelman says, “Low-wage work is pandemic.” Today in “freedom and democracy” America, “the world’s only superpower,” one fourth of the work force is employed in jobs that pay less than $22,000, the poverty line for a family of four. Some of these lowly-paid persons are young college graduates, burdened by education loans, who share housing with three or four others in the same desperate situation. Other of these persons are single parents only one medical problem or lost job away from homelessness.
Others might be Ph.D.s teaching at universities as adjunct professors for $10,000 per year or less. Education is still touted as the way out of poverty, but increasingly is a path into poverty or into enlistments into the military services.
Read More @ Paul Craig Roberts.com

Republican party platform discussing gold standard/Mary Schapiro defeated at SEC with respect to Money Markets/Hilsenrath saves the day by stating the Fed as "Further scope for action" and thus a possible QEIII is forthcoming/German finance ministry discussing "Grexit"/

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 3 hours ago

Good morning Ladies and Gentlemen: Gold closed up 20 cents at comex closing time at $1669.80.  Silver also rebounded to post a positive gain of 16 cents to $30.61. On Thursday afternoon I sent an email to Bart Chilton warning him that a raid was imminent in both silver and gold.  Gold was up $32.00 and silver was up a huge 90 cents on Thursday, yet all of the major gold/silver equities like

US Economy: I Don`t See Much Growth In The Next 12 Months

Admin at Marc Faber Blog - 6 hours ago

The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months. - *in CNBC* Related: SPDR S&P 500 Index ETF (SPY) *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.*

Printing Money Has Never Solved Anyone’s Problems

Admin at Jim Rogers Blog - 10 hours ago

Printing money has never solved anyone’s problems. Maybe sometimes in the short term printing money has alleviated the situation, but anybody who has studied history or economics knows that printing money in the longer term doesn’t work. Maybe this time it’s different, but I doubt it. - *in The Fiscal Times* Related ETFs: iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSE:TLT), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Lehman 7-10 Year Treasury Bond (ETF) (NYSE:IEF), SPDR Gold Trust ETF (GLD) *Jim Rogers is an author, financial commentator and successful internati... more » 

Welcome to the Third World, Part 8: A PhD Is Now a “Path to Poverty”

by John Rubino, DollarCollapse.com:

Newly-minted anthropology PhD Sarah Kendzior has written a chilling piece for Aljazeera on what things are really like in academia these days:
The closing of American academia
It is 2011 and I’m sitting in the Palais des Congres in Montreal, watching anthropologists talk about structural inequality.
The American Anthropological Association meeting is held annually to showcase research from around the world, and like thousands of other anthropologists, I am paying to play: $650 for airfare, $400 for three nights in a “student” hotel, $70 for membership, and $94 for admission. The latter two fees are student rates. If I were an unemployed or underemployed scholar, the rates would double.
Read More @ DollarCollapse.com

Do We Dare Keep Our Hearts Open?

“We cannot sleep like the masses who’ve refused to see the painful truth. Ours is to see, feel, express and empathize.”
by Zen Gardner, ZenGardner.com
Funny how things evolve in the pursuit of truth. We’re emotional beings. That’s why the matrix makes everything out to be so cold and scientific.
When I watch certain movies or musical presentations or see a touching human moment I get emotional. I can’t help it. People are emotional, I’m emotional, and I feel them.
When we stop feeling we’re through. Empathy is what separates us from the reptilian mindset that is destroying humanity and our planetary home. We must never be like them, consciously or subconsciously.
Why Feelings? Like you, I’m just observing and empathetic. It often hurts but it feels good at the same time. It’s the stuff that life is made of and we need to feel alive and not be ashamed of it.
We just need to connect. It’s fundamental. I don’t listen to a lot of music as it affects me so strongly. Especially unknown tunes, I don’t trust them. Same with movies, I don’t like to be overwhelmed or taken places without my permission or knowing the purpose. But, like you, I still do at times. And sometimes it’s a great experience, or at the least a good learning one.
Read More @ ZenGardner.com

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Syria’s Destruction Will Ensure US and Israeli Strategic Advantage for Iranian Strike

by Susanne Posel, Occupy Corporatism:

According to mainstream media (MSM), the capital of Syria is under siege as the CIA-sponsored Free Syrian Army (FSA) conducts house raids and attacks military checkpoints on highways.
In Turkey, Turkish officials, intelligence agents, military officials, and Hillary Clinton, US Secretary of State, have had an “operational planning meeting” where they are finalizing their schemes to support the FSA in this proxy war to takedown Assad and force a regime change.
Clinton’s meeting with Ahmet Davutoglu, Turkish Foreign Minister, and members of the FSA was to combine forces to bring about the US/Israeli agenda of forced regime change.
The global Elite’s plan for Syria involves the US State Department and Clinton having being given control over the region once it is destroyed.
Read More @ OccupyCorporatism.com

Feedback Friday TDV

by Jeff Berwick, Dollar Vigilante:
IF I’M GOING TO LEAVE, WHERE AM I GOING?
Dear TDV,
I’m a 33 year old chiropractor who has owned a small business for the past 8 years. My wife, four year old son, and I am looking for a safer and freer alternative to where we currently live.  Reading the Dollar Vigilante is like having someone putting words to my thoughts, so I figure I’ll start here.  When I cash out, I will only walk away with about $400,000, here’s my question:  with so little assets, are my possibilities abroad better than if I stay in the states, significantly down size and just start a new career?  I can not see the US a safe place during a monetary transition, but I also need to live in a place where I won’t run out of funds while I wait this out.  Do you know of options that could be a possibility for my family and I?  Any help in this area would be greatly appreciated!
Shrugging!
Jacob H.
Jeff’s Response:
Hey Jacob
First off, $400,000 ain’t bad! I know people who have taken the vital first step and left on a lot less. Things will be a little different for those with family to help suport. But…
…$400,000 is a LOT outside of places like the US.  I was in Mexico City a few days ago and walked by a very nice looking medical clinic whose list of prices included consultation for 30 pesos. That’st $2.50 in American English. You can argue all you want that low priced stuff outside the US is “lower quality”, but I have found it simply not to be so.
Read More @ DollarVigilante.com

Killer drones kill US-Pakistani relations

from RTAmerica:

A series of American drone attacks in Pakistan killed at least 18 people. The drone strikes remain a major hurdle in the two countries attempting to mend their relations, but the latest developments come at a time when tensions are tough between the once-friendly allies. Anthony Shaffer, a retired lieutenant colonel now with the Center of Advanced Defense Studies, discusses the matter with RT’s Liz Wahl.

Debt crisis: Merkel says Greece will stay in the eurozone but traders fret over more delays

Angela Merkel pledged to keep Greece in the eurozone – but her comments failed to convince traders who bet on yet more dangerous procrastination in Berlin and Brussels.
by Louise Armitstead, The Telegraph:
After talks with prime minister Antonis Samaras in Berlin, the German Chancellor said she was “deeply convinced” that the new Greek government was “doing everything to solve the problems.” Mr Samaras insisted that Greece “wants time not money.” But Ms Merkel refused to even address Greece’s plea, signalling a continuation of the deadlock at the heart of the debt crisis.
The sense of vacuum rather than solution was compounded by revelations that the European Central Bank (ECB) is planning to delay the progress of its bond buying programme. Sources at the central bank told reporters that there would be no decisions on the high-anticipated strategy, which has helped fuel the recent stockmarket rally, until Germany had approved the plan to boost the European Stability Mechanism (ESM).
Investors and economists had hoped ECB president Mario Draghi would use a press conference on September 6 to announce a radical intervention plan. But the German court ruling on the legitimacy of the ESM is not due until September 12. Mr Draghi first hinted at a bond purchasing scheme on August 2, yet the timetable is now sliding towards the next deadline for a Greek default.
Read More @ Telegraph.co.uk

The Theory of Liberalism

by Ludwig von Mises, Mises:
1. Liberalism
The philosophers, sociologists, and economists of the eighteenth and the early part of the nineteenth century formulated a political program that served as a guide to social policy first in England and the United States, then on the European continent, and finally in the other parts of the inhabited world as well. Nowhere was this program ever completely carried out. Even in England, which has been called the homeland of liberalism and the model liberal country, the proponents of liberal policies never succeeded in winning all their demands. In the rest of the world only parts of the liberal program were adopted, while others, no less important, were either rejected from the very first or discarded after a short time. Only with some exaggeration can one say that the world once lived through a liberal era. Liberalism was never permitted to come to full fruition.
Nevertheless, brief and all too limited as the supremacy of liberal ideas was, it sufficed to change the face of the earth. A magnificent economic development took place. The release of man’s productive powers multiplied the means of subsistence many times over. On the eve of the World War (which was itself the result of a long and bitter struggle against the liberal spirit and which ushered in a period of still more bitter attacks on liberal principles), the world was incomparably more densely populated than it had ever been, and each inhabitant could live incomparably better than had been possible in earlier centuries. The prosperity that liberalism had created reduced considerably infant mortality, which had been the pitiless scourge of earlier ages, and, as a result of the improvement in living conditions, lengthened the average span of life.
Read More @ Mises.ca

Eurozone Crisis Between Euro-Morons And Zombie-Bankers

by George Dorgan, Testosterone Pit.com:
Essay based on K. Rybinski: “Eurozone crisis, between meurons and zombies”, another former central banker who opposes the central banks.
[Note: We mentioned the former deputy governor of the National Bank of Poland Krzysztof Rybinski in our previous post on former central bankers who oppose the central banks, but missed including him here on Zerohedge. This essay is based on Rybinski's article that appeared in Open Democracy. Rybinski’s website: Economy of the 21st Century.]
Prof. Rybinski: “Imagine a country or a city ruled by morons and populated by zombies. Would you feel safe; would your family feel secure; would you like your kids to grow up in such a neighbourhood?

Welcome to the Eurozone, homeland of what I shall call “meurons” (euro-morons) and zombie-bankers. The zombies, whom I identified at an early stage of the crisis, are still around (see “There is no zombie free lunch“, 19 March 2009). Now let’s meet the meurons. A meuron is someone who, when he or she identifies a problem, does all the wrong things; who a while later screams that the problem has got bigger, only to repeat the mistakes; then, when things have turned even more sour, continues to pursue the same error-strewn course.”

Read More @ TestosteronePit.com

CNBC & Rasmussen Polls: Americans Favor Return to the Gold Standard

from Silver Vigilante:
In this  interview, Ron Paul never actually implies that he has been appeased by the GOP, as the title suggests, but he does point towards a poll he saw on television in which it is demonstrated that a majority of Americans favor a return to the gold standard or something similar. This separate poll at CNBC.com demonstrates similar, although fewer than 20,000 individuals have taken it, and their interest in gold in the first place is likely what led them to it.
Nonetheless, it has been well known that the gold standard is popular in parts of the US mainstream. Ron Paul cited Rasmussen polls in January 2012 demonstrating that, with voters, gold is popular.

Scott Rasmussen, in October, polled 1,000 voters on gold and found it popular, especially if characterized as a way to constrain big government and big banks.
The Polling Company found that advocating the gold standard would move votes where they most matter. The gold standard is highly popular with tea party voters, movement conservatives and others disproportionately likely to attend the Iowa caucuses or vote in the New Hampshire and South Carolina primaries.
Read More @ Silver Vigilante

Risking Nuclear Armageddon

by Stephen Lendman, SJLendman.Blogspot.com:
Irresponsible leaders risk the unthinkable. Media scoundrels cheerlead mindlessly. So do neocon think tanks. Ordinary people are more concerned about mundane trivia than survival.
Nero didn’t fiddle while Rome burned. The violin wasn’t invented for another 1,500 years. Today’s officials go where earlier ones wouldn’t dare. They risk regional or global disaster. War on Syria and/or Iran may ignite more than leaders bargain for.
Imagine blowing up the world to control it. Imagine forces able to stop it staying sidelined. Imagine the unimaginable. Imagine it before it’s too late to matter.
World War II weapons were toys compared to today’s. Before war ended, tens of millions died. Estimates range from 50 – 70 million. No one knows for sure. Preventing war would have saved them. Hoped for never again became perpetual conflicts.
Obama replicates hardline neocon extremism. He did what supporters thought impossible. He surpassed the worst of Bush. Imagine what’ll do in a second term.
He’s risking the unthinkable. He’s lurching toward potential nuclear war. He’s mindless about likely consequences.
Read More @ SJLendman.Blogspot.com

Russia’s “End the Fed” Movement Gains Traction

by Brandon Turbeville, Activist Post

In what seems to be the stirrings of a Russian “End the Fed” movement, a band of Russian Duma deputies has embarked upon a mission of removing the power of setting interest rates from the Russian Central Bank and placing it in the hands of the government.
Thus, the Central Bank would be left only with regulatory duties, while placing the authority of setting interest rates in the hands of the Russian government.
United Russia Deputy, Yevgeny Fyodorov, a supporter of the new legislation and a member of the Duma’s Budget and Tax Committee, stated that shifting the responsibility of setting interest rates to the Russian government would “enliven the Russian economy and create new jobs.”
Read More @ Activist Post

West Nile: they’re lying to you again

by Jon Rappoport, Natural News:

he government PR machine has swung into high gear promoting West Nile disease. It’s a “national outbreak.” 1138 cases in 38 states. 41 deaths. Planes are spraying toxic aerial pesticides.
Never mind that the US Centers for Disease Control claims 36,000 people die every year from ordinary seasonal flu — and there are no announcements of an “epidemic” or an “outbreak.”
Never mind that the World Health Organization (WHO) claims between 250,000 and 500,000 people die every year from ordinary seasonal flu — and this isn’t called an “epidemic” or an “outbreak.”
If you added up the death count from all the hyped and predicted epidemics of the last decade, including West Nile, SARS, bird flu, weaponized smallpox, and Swine Flu, the total would come to about one year of deaths in the US from ordinary flu.
Read More @ NaturalNews.com

Hyper Report – The Coming of GOLD!

from HyperReport:

We have been hearing lately how gold has been re-emerging as a Tier-1 asset by central banks; however, there has been some under the radar news regarding U.S. banks and gold as well.   This summer, a quiet, and not widely known, event occurred.

The Federal Reserve sent a memo to U.S. banks informing them, that starting January 2013, there will be a zero percent risk assigned for both cash and physical gold bullion held in the banking organization’s own vaults, or held in another depository institution’s vaults on an allocated basis.

No rationale was given for this change that added gold bullion; however, perhaps Benji Bernanke was just getting too much international flack for his comical response that gold is not money and his “its tradition” to why central banks hold physical gold bullion.   At any rate, it now appears that banks will no longer have to pile into government and private (muni) bonds that may be on the verge of default.   Instead, they can choose to store physical gold.   In addition, because of the rising concern of the lack of underlying physical to the paper, regional U.S. banks will most unlikely be purchasing ETF’s when they can have, and safely store, the real thing.

So, what does this mean for regular people?    Well, for individuals, the time between now and January represents a buying opportunity.

In regards to the political arena, in an attempt to lull Ron Paul supporters to sleep again, the Republican criminal enterprise is putting on a dog and pony show; however, do not believe this Republican farce for a gold standard for a second.    Remember, the Republicans would not have put up ole “Goldman-Sachs” Romney if they were serious about auditing the Fed or returning to a gold standard.

But how about silver?

Well, with the Silver to Gold Ratio, or SGR, still way out of whack in relation to both historical norms and what they are pulling out of the ground, the very real possibility of quantitative easing by the Federal Reserve in the not-so-distant future, and the impending JP Morgan naked short scandal involving silver, those having physical silver are going to be jumping for joy unlike those who will be rioting in the streets when the SLV ETF goes to zero.   So, after preparing, keep stacking physical.

Finally, please prepare now for the escalating economic and social unrest. Good Day!

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