The War For The White House: The Definitive Explanation Of How Money Buys Politics
In
America, winning the Presidency has proven to be a question of how
much money you're willing to spend. The trend constantly shows that, he
who spends the most money on elections, usually wins.Aaaand It's Gone: This Is Why You Always Demand Physical
We
have said it over and over, we'll say it again. For all those who for
one reason or another would like to boycott the broken markets, yet
trade gold in paper form, please understand that all the
invested capital is at risk of total loss and can and will be lost,
commingled and rehypothecated, not necessarily in that order, with
little to zero recourse and the residual claim on liquidating assets
pushed to the very end of the queue. Because if Lehman, MF Global,
Peregrine, and countless other examples were not enough, here comes
Amber Gold: a gold-based investment ponzi scheme out of Poland, in which
it is likely needless to say that the gullible investors never had
actual possession of the gold. And when they tried, it was gone. All
gone.Europe's Industrial Production down .6%/Italy's Industrial Production down 8.2% this year/Europe's GDP down .2% this quarter/Spanish bank borrowings from ECB rise by 38 billion euros/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 3 hours ago
Good
evening Ladies and Gentlemen:
Gold closed down today to the tune of $10.10 to finish at $1599.50.
Silver on the other hand finished the comex session at $27.76 unchanged
on the day. Yesterday, the banking cartel made their move with 20
minutes left in the comex session as the physical market in London
England was safely put to bed.
They did it again today, with 15 minutes to go, goldWhat Does Liberty Really Mean?
And the hard reality is that the vast majority would raise their hands in favor of the current system that has the state deeply involved in pretty much every aspect of the economy and society at large. The level of support for the very same tangled body of state-controlled handouts, regulations and central economic planning now choking the last gasps of life out of the body politic is obvious and overwhelming. The champions of liberty are fighting against a very entrenched and increasingly dangerous public mindset. Today the enemy (of true freedom) is within. In fact, the nation is overrun by them... they dominate in most every community, in most businesses and even in most families."Personally, I look at the Americans and I see a people who have been very effectively brainwashed, or who simply have given in to the entirely human tendency to shuffle unquestioningly onto the path of least resistance and let themselves go. I see a people who, on a wholesale basis, have consciously or unconsciously decided to trade the idea of America for the false security of a totalitarian state."
David Galland
It's Not Enough To Be 'Well-Off' Anymore
Since 1990, across the four 'major' emerging markets and the advanced economies, UBS estimates a point estimate of a 29% increase in the number of “well-off” households
in these economies. This sounds like a new age of affluence. But before
we get carried away by the rise of what might be termed the upper
middle class, economist Paul Donovan notes that the number of well off
households having increasing 29% from 1990 to 2010 needs to be compared
against a rise in the global population of 30% over the same period.
In other words, the number of “well-off” households has risen broadly in line with demographics.
This then begs the question – why has income inequality increased, if
the number of "well-off" households is rising proportionate to the
increase in overall population? The answer, quite simply, is that in
relative terms, the “well-off” are not as “well-off” as they used to be.Complete Q2 Hedge Fund Holdings Summary
Q2 hedge fund reporting season has come and gone. Below is a summary of the key funds, and who held what at the end of June.Ryan Versus Obama; Budget Plans Mean Fiscal Tightening Either Way
Republican
Presidential candidate Mitt Romney's selection of Rep. Paul Ryan
(R-WI) as his running mate has generated renewed interest in the
House-passed budget resolution that Ryan authored. Ryan's budget outline
would reduce the deficit more quickly and impose more fiscal restraint
than the President's budget proposal. However, as Goldman notes. while
both proposals would increase revenues due to the scheduled expiration
of the payroll tax cut at year end, the President's would raise income
taxes as well. Rep. Ryan's plan, on the other hand, would cut
spending sharply in 2013 and 2014, even though it assumes a one-year
delay in the spending cuts under the "sequester" set to take effect at
year-end. If the President wins reelection and/or
Democrats hold their majority in the Senate, a bipartisan compromise
would be necessary to enact fiscal reforms. This has been difficult to
achieve over the last year or so and we expect compromise to be even tougher. We
continue to believe that the economic effects of allowing the fiscal
cliff to take effect in full will be the greatest motivation for
members of Congress to reach an agreement.Obama’s War On Whistleblowers Accelerates: Science Itself is Now Contraband
The Obama administration is evil. Sorry, there is no other adjective to describe it at this point. They know they are corrupt, they embrace their corruption and now they are doing everything possible to silence anyone who dares call them out on it. The latest case of Obama’s war on whistleblowers relates to how the Scientific Integrity Officer within the Interior Department, Dr. Paul Houser, was attacked when he started raising some scientific and environmental questions.Full Breakdown Of David Einhorn Q2 Long Equity Holdings
Unlike Dan Loeb, David Einhorn did a far more calculated portfolio reshuffle in the three months of Q2, purging only 6 positions among which RIM, CA, Dell, HCA, the GDXJ Junior Gold Miners ETF, and Roundys. He appears to have also hired a new healthcare/insurance analyst after adding positions in Cigna, Coventry Health, UnitedHealth, Humana, Wellpoint, as well as Einstein Noah Restaurants, Virgin Media, Hess, Chipotle, Genworth and some Oaktree bonds. His top 5 positions are Apple, Seagate, Microsoft, Marvell Tech and Cigna. Overall, it does not appear as if he has had a major shift in perspective on the economy. Total reported long equity AUM as of June 30 was $6.4 billion.Dan Loeb Purges Portfolio, Cuts Over Two Thirds Of Equity Holdings, Adds 25 New Positions
In Q2 Dan Loeb went to town to his holdings as of March 31. Of his roughly 38 different positions, Loeb cut 24 names to zero among which Cisco, Marvell Technology, Sara Lee, Google, Wells Fargo (with the Octogenarian of Omaha likely buying every share), El Paso, Abercrobmie, Goldman and many others. Of course, he kept his stake in Yahoo and added to Apple, while cutting his Delphi stake from 13.34 million shares to 11.5 million. He used the proceeds from these sales to add to new positions (latest 13F here) in new names such aws AIG, Aetna, Chesapeake, Cigna, Coca Cola, Enphase, Humana, News Corp, and Unitedhealth Group. Also, Loeb went quite optically against Bill Ackman and bought a $6.5 million share equivalent put in JCPenney. He is significantly in the money in this. Altogether, his disclosed equity stake was at $3.3 billion as of June 30, down from $4.1 billion at March 31. Dry powder? Or more likely getting more into bonds (which he doesn't have to disclose on any filing).
from gpc1981, Gains Pains & Capital:
The markets are going bananas over the same tired assumption that Central Bankers have some magic solution up their sleeve.
Over the last five years, market participants have largely operated based on the “Bernanke Put” (the belief that no matter what happens Bernanke will somehow save us). I explained how this was a bluff in last issue of Private Wealth Advisory.
However, the ECB’s Mario Draghi may have surpassed the Bernanke Put as the biggest bluff in financial history with his claim that the ECB will take action and that the action will “be enough” to solve the EU Crisis.
Read More @ GainsPainsCapital.com
by JT Long, MineWeb.com
The Gold Report: After a couple of big pushes up last year to $1,900/ounce (oz), the gold price has been bouncing around $1,600/oz. You’ve pointed to a lack of investor enthusiasm for the stall. Do you see that changing any time in the near future?
John Doody: In this now 11-year bull market, gold actually ran up to several tops before the most recent one of $1,895/oz in August 2011. In 2006, it topped out at $725/oz and it was 27 months before it moved higher. Then in 2008, it topped out at $1,011/oz, and it took 26 months to go higher. Running up and settling back is typical of any market that gets overenthusiastic. We’re in the same basic formation.
What drives the gold price is still the major factor in this market: real interest rates. The U.S. real rate of return (risk free Treasuries minus inflation) is negative, and ultimately, that number will come to the fore and drive the gold price higher. Unfortunately, it drives everybody crazy that the economics and the gold price aren’t linked like Siamese twins, nor are the stock prices and gold price. That’s why investors need guidance and help. If they were linked, people wouldn’t need to buy a newsletter.
TGR: Very true. How high could gold go?
Read More @ MineWeb.com
by Daniel R. Amerman, Gold Seek:
The United States government has five interrelated motivations for destroying the value of the dollar:
1. Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s.
2. It is the most effective way to meet not just current crushing debt levels, but to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises.
3. It creates a lucratively profitable $500 billion a year hidden tax for the benefit of the US government which is not understood by voters or debated in elections.
4. It is the weapon of choice being used to wage currency war and reboot US economic growth; and
5. It is an essential component of political survival and enhanced power for incumbent politicians.
In this article we will take a holistic approach to how individual short term, medium and long term pressures all come together to leave the government with effectively no choice but to create a substantial rate of inflation that will steadily destroy the value of the dollar.
Read More @ GoldSeek.com
The United States government has five interrelated motivations for destroying the value of the dollar:
1. Creating money out of thin air on a massive basis is all that stands between the current state of hidden depression, and overt depression with unemployment levels in excess of those seen in the US Great Depression of the 1930s.
2. It is the most effective way to meet not just current crushing debt levels, but to deal with the rapidly approaching massive generational crisis of paying for Boomer retirement promises.
3. It creates a lucratively profitable $500 billion a year hidden tax for the benefit of the US government which is not understood by voters or debated in elections.
4. It is the weapon of choice being used to wage currency war and reboot US economic growth; and
5. It is an essential component of political survival and enhanced power for incumbent politicians.
In this article we will take a holistic approach to how individual short term, medium and long term pressures all come together to leave the government with effectively no choice but to create a substantial rate of inflation that will steadily destroy the value of the dollar.
Read More @ GoldSeek.com
by Jeff Nielson, SilverGoldBull:
In last Friday’s edition of This Week in Precious Metals;
I noted how we had seen an “evolution” in how news was being reported
by the propaganda-machine – and thus how the market reacted to that
news.
For well over a year, the Sheep had been programmed to sell their gold and silver on “bad news” days (with the absurd explanation that they were “risk assets”). Meanwhile, on the rare occasions when some good news came out we were told that it was acceptable to bid-up gold and silver prices since this hinted at stronger commodity markets. And (of course) the propaganda-machine never mentions the fact that gold and silver are also money.
But now things have changed. On most of the “bad news” days, gold and silver prices go up instead of down – because as our economies severely sag, all this bad news is now interpreted as “more money-printing is on the way”. Against the will of the Corporate Media, the talking-heads have been forced to acknowledge that change in their reporting on price-action. Now the propaganda-machine has completed this flip-flop.
Today, gold and silver prices are down because of “good news”. Since the propaganda-machine is now forced to acknowledge that all bad news means that more money-printing is on the way, they have now told the Sheep that good news means they are supposed to sell their gold and silver – since supposedly the good news means there won’t be more money-printing.
Read More @ SilverGoldBull
In last Friday’s edition of This Week in Precious Metals;
I noted how we had seen an “evolution” in how news was being reported
by the propaganda-machine – and thus how the market reacted to that
news.For well over a year, the Sheep had been programmed to sell their gold and silver on “bad news” days (with the absurd explanation that they were “risk assets”). Meanwhile, on the rare occasions when some good news came out we were told that it was acceptable to bid-up gold and silver prices since this hinted at stronger commodity markets. And (of course) the propaganda-machine never mentions the fact that gold and silver are also money.
But now things have changed. On most of the “bad news” days, gold and silver prices go up instead of down – because as our economies severely sag, all this bad news is now interpreted as “more money-printing is on the way”. Against the will of the Corporate Media, the talking-heads have been forced to acknowledge that change in their reporting on price-action. Now the propaganda-machine has completed this flip-flop.
Today, gold and silver prices are down because of “good news”. Since the propaganda-machine is now forced to acknowledge that all bad news means that more money-printing is on the way, they have now told the Sheep that good news means they are supposed to sell their gold and silver – since supposedly the good news means there won’t be more money-printing.
Read More @ SilverGoldBull
from Anthony Wile, The Daily Bell:
Mitt Romney has picked the youthful warmonger Paul Ryan to be his running mate.
From my point of view, this leaves the junior senator from Kentucky, Rand Paul, standing near the altar like a jilted bridesmaid. Not a very pretty picture.
And now what has Rand Paul got?
I’ll tell you in four words at the end of this article.
No peeking.
First, the bigger picture … So far Rand’s gamble – endorsing Romney – doesn’t seem to be paying off. And there may be a salutary lesson in this.
It is late in the day.
The power elite that wants to run the world is more ruthless than ever. Panicked by the Internet and the exposure of the globalist conspiracy, they have launched half a dozen wars and kicked off a worldwide economic depression.
If they cannot run the world, they seem to be saying, no one else shall have it either. Like children, they clutch the Earth’s big blue ball to their collective chest.
Only they are not children. They control the world’s central banks, the world’s nuclear arsenal and are collectively worth trillions. And they are furious.
Read More @ TheDailyBell.com
Mitt Romney has picked the youthful warmonger Paul Ryan to be his running mate.
From my point of view, this leaves the junior senator from Kentucky, Rand Paul, standing near the altar like a jilted bridesmaid. Not a very pretty picture.
And now what has Rand Paul got?
I’ll tell you in four words at the end of this article.
No peeking.
First, the bigger picture … So far Rand’s gamble – endorsing Romney – doesn’t seem to be paying off. And there may be a salutary lesson in this.
It is late in the day.
The power elite that wants to run the world is more ruthless than ever. Panicked by the Internet and the exposure of the globalist conspiracy, they have launched half a dozen wars and kicked off a worldwide economic depression.
If they cannot run the world, they seem to be saying, no one else shall have it either. Like children, they clutch the Earth’s big blue ball to their collective chest.
Only they are not children. They control the world’s central banks, the world’s nuclear arsenal and are collectively worth trillions. And they are furious.
Read More @ TheDailyBell.com
from CapitalAccount:
The legacy of the financial crisis and the response from the government is still making headlines. It has turned into a legacy with taxpayers footing the bill and Wall Street paying less for its crimes. Today the SEC charged Wells Fargo’s brokerage firm, as well as a former Vice President, for selling investments tied to Mortgage-Backed Securities without fully understanding their complexity or disclosing the risk to investors. Wells Fargo agreed to settle the charges. However, a fine of $6.5 million, no admission of guilt, and a 6-month suspension of the Vice President sounds like a handslap playing on a broken record. We talk to Neil Barofsky, the man who helped prosecute the CEO and President of Refco, and the watchdog for TARP — the government-sposered bailout of Wall Street.
Neil Barofsky discuses the costs associated with the taxpayer funded bailouts of wall street doled out through tarp and the false promises made under the pretense of bailing out main street. He provides an in-depth account of his experience behind the scenes, as he tried to negotiate what he initially believed, was a program designed to save main street, but that he later discovered was really created with the full intention of bailing out wall street. That man is Neil Barofsky, the former Special Inspector General for TARP and author of “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”
Also, Bloomberg reports that Russell Wasendorf Sr., the CEO of the bankrupt Peregrine Financial Group, was indicted on 31 counts for making false statements to regulators. We ask Neil Barofsky if, even without blatant confessions of guilt, there are legitimate criminal cases that could be built around executives at major firms. He cites the LIBOR scandal as the most current, and most obvious example of an opportunity for criminal charges and prosecutions to be filed by authorities.
Check yours for fakes... then BTFD...and Keep Stacking...
from matlarson10:The legacy of the financial crisis and the response from the government is still making headlines. It has turned into a legacy with taxpayers footing the bill and Wall Street paying less for its crimes. Today the SEC charged Wells Fargo’s brokerage firm, as well as a former Vice President, for selling investments tied to Mortgage-Backed Securities without fully understanding their complexity or disclosing the risk to investors. Wells Fargo agreed to settle the charges. However, a fine of $6.5 million, no admission of guilt, and a 6-month suspension of the Vice President sounds like a handslap playing on a broken record. We talk to Neil Barofsky, the man who helped prosecute the CEO and President of Refco, and the watchdog for TARP — the government-sposered bailout of Wall Street.
Neil Barofsky discuses the costs associated with the taxpayer funded bailouts of wall street doled out through tarp and the false promises made under the pretense of bailing out main street. He provides an in-depth account of his experience behind the scenes, as he tried to negotiate what he initially believed, was a program designed to save main street, but that he later discovered was really created with the full intention of bailing out wall street. That man is Neil Barofsky, the former Special Inspector General for TARP and author of “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”
Also, Bloomberg reports that Russell Wasendorf Sr., the CEO of the bankrupt Peregrine Financial Group, was indicted on 31 counts for making false statements to regulators. We ask Neil Barofsky if, even without blatant confessions of guilt, there are legitimate criminal cases that could be built around executives at major firms. He cites the LIBOR scandal as the most current, and most obvious example of an opportunity for criminal charges and prosecutions to be filed by authorities.
Check yours for fakes... then BTFD...and Keep Stacking...
By Penny Starr, CNS News:
In a conference call with reporters on Tuesday, Jack Gerard, president
and CEO of the American Petroleum Institute, said he has sent a letter
to President Barack Obama about what the president claims is an “all of
the above” domestic energy policy.
“Today, we’re sending a letter to the White House to urge the president and his agencies to do more than merely talk about ‘all-of-the-above’ while they pursue policies that include ‘none-of- the-below,’” Gerard said.
Gerard then ticked off a laundry list of moves by the Obama administration that he said limit the development and production of domestic oil and natural gas resources, including the Department of the Interior’s proposed plan for the National Petroleum Reserve in Alaska revealed on Monday.
“One half of the National Petroleum Reserve in Alaska, it was announced just yesterday, has been taken off limits,” Gerard said. “This is an area by law dating back to the 1920s, was specifically set aside in Alaska for oil and natural gas development.
Read More @ CNSnews.com
In a conference call with reporters on Tuesday, Jack Gerard, president
and CEO of the American Petroleum Institute, said he has sent a letter
to President Barack Obama about what the president claims is an “all of
the above” domestic energy policy.“Today, we’re sending a letter to the White House to urge the president and his agencies to do more than merely talk about ‘all-of-the-above’ while they pursue policies that include ‘none-of- the-below,’” Gerard said.
Gerard then ticked off a laundry list of moves by the Obama administration that he said limit the development and production of domestic oil and natural gas resources, including the Department of the Interior’s proposed plan for the National Petroleum Reserve in Alaska revealed on Monday.
“One half of the National Petroleum Reserve in Alaska, it was announced just yesterday, has been taken off limits,” Gerard said. “This is an area by law dating back to the 1920s, was specifically set aside in Alaska for oil and natural gas development.
Read More @ CNSnews.com
by Susanne Posel, Occupy Corporatism:
The medical industry in conjunction with Big Pharma want to classify
the right to keep and bear arms as a mental disorder in another power
grab to circumvent and eventually destroy our Constitutional 2nd
Amendment.
More and more doctors are forcing the idea that we need a national healthcare approach to the problem that the recent shootings provide. While tobacco and alcohol is regulated, why not include the right to bear arms?
Dr. Garen Wintemute, professor of emergency medicine at the Prevention Research Program speaking about the installing of public guardrails, said : “People used to spear themselves and we blamed the drivers for that.”
The staged shootings in Colorado and Wisconsin are being used by some scientists to declare gun violence be treated like any other mental disease – and perhaps by popping a pill, American citizens would forget to fight for their 2nd Amendment rights.
Read More @ OccupyCorporatism.com
The medical industry in conjunction with Big Pharma want to classify
the right to keep and bear arms as a mental disorder in another power
grab to circumvent and eventually destroy our Constitutional 2nd
Amendment.More and more doctors are forcing the idea that we need a national healthcare approach to the problem that the recent shootings provide. While tobacco and alcohol is regulated, why not include the right to bear arms?
Dr. Garen Wintemute, professor of emergency medicine at the Prevention Research Program speaking about the installing of public guardrails, said : “People used to spear themselves and we blamed the drivers for that.”
The staged shootings in Colorado and Wisconsin are being used by some scientists to declare gun violence be treated like any other mental disease – and perhaps by popping a pill, American citizens would forget to fight for their 2nd Amendment rights.
Read More @ OccupyCorporatism.com
by Matthew Boyle, The Daily Caller:
Documents and a whistle-blower affidavit
obtained by The Daily Caller charge that House Minority Leader Nancy
Pelosi, Illinois Democratic Rep. Jesse Jackson Jr., and Rev. Jesse
Jackson Sr., participated in an unethical — and possibly illegal —
effort to force 76 employees of an Illinois state agency to engage in
political activity on the taxpayers’ dime.
According to the whistle-blower, Rev. Jackson also encouraged the government employees to load first-generation and low-income college students up with student loan debt — because Democrats in Congress, he allegedly promised, would eventually pass laws to forgive that debt later. “[T]hose people will continue to vote Democratic,” Jackson Sr. said, according to the whistle-blower.
On March 3, Pelosi flew to Chicago to endorse Rep. Jackson Jr., 17 days ahead of a heated March 20 Democratic primary he later won. Pelosi was scheduled to make the endorsement at a press conference later in the day, after she participated in an hour-long “forum” hosted by the elder Jackson at the headquarters of his progressive Rainbow PUSH Coalition.
Pelosi politicized that forum, jumping the gun and endorsing Jackson Jr. earlier than planned.
“One of the reasons I am here, and I will do this following this wonderful meeting, is to publicly state my endorsement of Jesse Jackson Jr. for re-election,” Pelosi said at the Rainbow PUSH forum
Read More @ TheDailyCaller.com
Documents and a whistle-blower affidavit
obtained by The Daily Caller charge that House Minority Leader Nancy
Pelosi, Illinois Democratic Rep. Jesse Jackson Jr., and Rev. Jesse
Jackson Sr., participated in an unethical — and possibly illegal —
effort to force 76 employees of an Illinois state agency to engage in
political activity on the taxpayers’ dime.According to the whistle-blower, Rev. Jackson also encouraged the government employees to load first-generation and low-income college students up with student loan debt — because Democrats in Congress, he allegedly promised, would eventually pass laws to forgive that debt later. “[T]hose people will continue to vote Democratic,” Jackson Sr. said, according to the whistle-blower.
On March 3, Pelosi flew to Chicago to endorse Rep. Jackson Jr., 17 days ahead of a heated March 20 Democratic primary he later won. Pelosi was scheduled to make the endorsement at a press conference later in the day, after she participated in an hour-long “forum” hosted by the elder Jackson at the headquarters of his progressive Rainbow PUSH Coalition.
Pelosi politicized that forum, jumping the gun and endorsing Jackson Jr. earlier than planned.
“One of the reasons I am here, and I will do this following this wonderful meeting, is to publicly state my endorsement of Jesse Jackson Jr. for re-election,” Pelosi said at the Rainbow PUSH forum
Read More @ TheDailyCaller.com
from The Daily Bell:
Out
of the Ashes (Rebuilding the International Monetary System)? … The
International Monetary Fund (IMF) is an organization of 188 countries,
working to foster global monetary cooperation, secure financial
stability, facilitate international trade, promote high employment and
sustainable economic growth, and reduce poverty around the world. –
United Newsreel Corporation
Dominant Social Theme: John Maynard Keynes and Harry Dexter White were far-sighted individuals who helped create that most far-sighted of institutions, the International Monetary Fund.
Free-Market Analysis: This video, which has just gone up on YouTube, tells the tale of the formation of the International Monetary Fund.
Interestingly, it’s been placed on YouTube by the IMF itself, which has its own YouTube channel. You can read the description of the IMF above.
The newsreel, which must have been put together in the 1940s or early 1950s, sounds like any other Western propaganda of the time. The sonorous voice-over of the narrator telling us what to believe is especially noteworthy – and would be amusing if one didn’t already know how much suffering the IMF has caused.
Read More @ TheDailyBell.com
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Out
of the Ashes (Rebuilding the International Monetary System)? … The
International Monetary Fund (IMF) is an organization of 188 countries,
working to foster global monetary cooperation, secure financial
stability, facilitate international trade, promote high employment and
sustainable economic growth, and reduce poverty around the world. –
United Newsreel CorporationDominant Social Theme: John Maynard Keynes and Harry Dexter White were far-sighted individuals who helped create that most far-sighted of institutions, the International Monetary Fund.
Free-Market Analysis: This video, which has just gone up on YouTube, tells the tale of the formation of the International Monetary Fund.
Interestingly, it’s been placed on YouTube by the IMF itself, which has its own YouTube channel. You can read the description of the IMF above.
The newsreel, which must have been put together in the 1940s or early 1950s, sounds like any other Western propaganda of the time. The sonorous voice-over of the narrator telling us what to believe is especially noteworthy – and would be amusing if one didn’t already know how much suffering the IMF has caused.
Read More @ TheDailyBell.com
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by Paul Joseph Watson & Alex Jones, Prison Planet:
As America’s engineered economic implosion accelerates, the parallels
with how the Roman empire fell are staggering. It is now abundantly
clear that the ruling class is preparing for a planned economic
implosion after which they will declare themselves the saviors.
A recent Reuters report highlighting how the Federal Reserve has been telling major banks in the U.S. to prepare for a “worst case scenario” financial collapse and that these banks would not be able to rely on government support underscores once again how the elite are positioning themselves to exploit the next leg of the orchestrated financial meltdown.
Today Bill Fleckenstein told King World News, “This is the way it always feels until financial gravity takes over again.” Fleckenstein, who is President of Fleckenstein Capital, also said, “… at some point the markets will be bigger than the Fed once again.” Here is what Fleckenstein had to say: “The Fed really is the engine or the driving force behind much of what’s gone wrong in the country in the last 20 years. The equity bubble was a disaster, and then the real estate bubble was an even bigger disaster. But it’s not just those two events and their consequences.
We had about a 15 to 20 year period where people lived beyond their means and didn’t really bother to save or worry about the future. You see the impact now at the cities, counties, and states, where they are going bankrupt or they are finally admitting they can’t meet their promises.
As a country, and on the national level, we’ve got this monstrous debt that we’ve rolled up, and we’re going to have to deal with that sometime in the near future….”
Fleckenstein continues @ KingWorldNews.com
As America’s engineered economic implosion accelerates, the parallels
with how the Roman empire fell are staggering. It is now abundantly
clear that the ruling class is preparing for a planned economic
implosion after which they will declare themselves the saviors.A recent Reuters report highlighting how the Federal Reserve has been telling major banks in the U.S. to prepare for a “worst case scenario” financial collapse and that these banks would not be able to rely on government support underscores once again how the elite are positioning themselves to exploit the next leg of the orchestrated financial meltdown.
Just as happened in the aftermath of 2008, the ruling
class is getting ready to offer the solution of more centralized control
and more financial serfdom as the solution to the problem they created
in the first place.
By making the public and industry beg for QE3, the
Federal Reserve will once again try to manipulate the crisis to portray
itself as the guardian of a fragile system and accumulate yet more
power.
America is now ruled by a gaggle of completely corrupt
financial terrorists who will stop at nothing to hollow out the country
in pursuit of their own maniacal and selfish gain.
Read More @ PrisonPlanet.com
from KingWorldNews:
Today Bill Fleckenstein told King World News, “This is the way it always feels until financial gravity takes over again.” Fleckenstein, who is President of Fleckenstein Capital, also said, “… at some point the markets will be bigger than the Fed once again.” Here is what Fleckenstein had to say: “The Fed really is the engine or the driving force behind much of what’s gone wrong in the country in the last 20 years. The equity bubble was a disaster, and then the real estate bubble was an even bigger disaster. But it’s not just those two events and their consequences.
We had about a 15 to 20 year period where people lived beyond their means and didn’t really bother to save or worry about the future. You see the impact now at the cities, counties, and states, where they are going bankrupt or they are finally admitting they can’t meet their promises.
As a country, and on the national level, we’ve got this monstrous debt that we’ve rolled up, and we’re going to have to deal with that sometime in the near future….”
Fleckenstein continues @ KingWorldNews.com
by Ethan A. Huff, Natural News:
A
persistent heat wave that continues to blanket much of Southern
California in temperatures as high as 10 degrees or more above average
for this time of year is threatening to potentially take down the
state’s electricity grid, suggests a recent warning issued by the
state’s electricity grid operator. The California Independent System Operator
(CAISO) issued a “flex” alert on August 9 urging electricity customers
to decrease their power consumption habits during peak hours in order to
avoid a potential blackout situation.
Many areas of Southern California reached record-level temperatures just days prior to the alert’s issue, and temperatures were only expected to continue escalating into the weekend. (http://latimesblogs.latimes.com). Because of the heat, more people than usual have been using their air conditioners to cool off, which has greatly taxed an already overburdened energy system that was recently made worse by the shutdown of the radiation-leaking San Onofre nuclear power plant on the Southern California coast.
“We are having above-normal temperatures, especially on the coast,” said Steven Greenlee, a CAISO spokesman, to Reuters. “We’ve got higher demand because of the temperatures and, as we had anticipated when San Onofre went offline, supplies are getting tighter.”
Read More @ NaturalNews.com
A
persistent heat wave that continues to blanket much of Southern
California in temperatures as high as 10 degrees or more above average
for this time of year is threatening to potentially take down the
state’s electricity grid, suggests a recent warning issued by the
state’s electricity grid operator. The California Independent System Operator
(CAISO) issued a “flex” alert on August 9 urging electricity customers
to decrease their power consumption habits during peak hours in order to
avoid a potential blackout situation.Many areas of Southern California reached record-level temperatures just days prior to the alert’s issue, and temperatures were only expected to continue escalating into the weekend. (http://latimesblogs.latimes.com). Because of the heat, more people than usual have been using their air conditioners to cool off, which has greatly taxed an already overburdened energy system that was recently made worse by the shutdown of the radiation-leaking San Onofre nuclear power plant on the Southern California coast.
“We are having above-normal temperatures, especially on the coast,” said Steven Greenlee, a CAISO spokesman, to Reuters. “We’ve got higher demand because of the temperatures and, as we had anticipated when San Onofre went offline, supplies are getting tighter.”
Read More @ NaturalNews.com
Chinese firms leave US stock markets amid complaints about price, accounting scrutiny
from Finance.Yahoo.com:
Just a few years after Chinese companies lined up to sell shares on
Wall Street, a growing number are reversing course and pulling out of
U.S. exchanges.
This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.
Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.
The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.
Read More @ Finance.Yahoo.com
from Finance.Yahoo.com:
Just a few years after Chinese companies lined up to sell shares on
Wall Street, a growing number are reversing course and pulling out of
U.S. exchanges.This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.
Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.
The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.
Read More @ Finance.Yahoo.com
from Azizonomics:
I was asked recently by Max Keiser who benefits in the case of a debt reset, and when we should expect such an event to occur.
I don’t think I answered it as comprehensively as I should have. I talked a little about the fact that events leading up to such an event could be extremely messy and its impact unpredictable, and so it is hard to say who will benefit, although we can expect the powers-that-be — and particularly the Wall Street TBTF banks — to try and leverage events for political and financial gain. And of course, all three kinds of debt reset — heavy inflation, liquidation or an orderly debt jubilee — would look very different.
The crisis in 2008 was one fuelled by excessive total debt. As society became more and more indebted the costs of servicing debt became proportionally higher, which has made it harder for countries to grow. Instead of individuals investing their income, or saving it and using it to start a business, a higher and higher proportion of income becomes taken up by the costs of paying down debt.
Historically in a free market system, these kinds of credit bubbles have ended in liquidation of the entire bubble and all the bad debt. However the Fed’s money printing since 2008 (much like the Bank of Japan’s money printing in the 90s) has done just enough to keep the debt load serviceable.
Read More @ Azizonomics.com
I was asked recently by Max Keiser who benefits in the case of a debt reset, and when we should expect such an event to occur.I don’t think I answered it as comprehensively as I should have. I talked a little about the fact that events leading up to such an event could be extremely messy and its impact unpredictable, and so it is hard to say who will benefit, although we can expect the powers-that-be — and particularly the Wall Street TBTF banks — to try and leverage events for political and financial gain. And of course, all three kinds of debt reset — heavy inflation, liquidation or an orderly debt jubilee — would look very different.
The crisis in 2008 was one fuelled by excessive total debt. As society became more and more indebted the costs of servicing debt became proportionally higher, which has made it harder for countries to grow. Instead of individuals investing their income, or saving it and using it to start a business, a higher and higher proportion of income becomes taken up by the costs of paying down debt.
Historically in a free market system, these kinds of credit bubbles have ended in liquidation of the entire bubble and all the bad debt. However the Fed’s money printing since 2008 (much like the Bank of Japan’s money printing in the 90s) has done just enough to keep the debt load serviceable.
Read More @ Azizonomics.com
By Bill Bonner, Daily Reckoning.com.au:
ur story for today is the one no one is telling. And no one wants to
tell it either. Because it doesn’t fit easily into any narrative that
people understand. It’s a problem that doesn’t come with a solution.
The problem is that the leading institutions of the last few hundred years are going broke. And not just financially broke. They’re also going broke philosophically… economically… and practically.
On the surface, they’re going broke because they’re spending too much money. But at a deeper level, they’re going broke because they are no longer viable. Or, to put it another way… they’ve passed the point of declining marginal utility. More ‘investments’ in these industries are not productive. Instead, they are capital destroying…making people poorer.
Gillian Tett, writing in the weekend Financial Times, shows a bit of what is going on. It involves a school district in San Diego. But the same could be said of many different industries.
The return on educational spending declined to zero about 40 years ago. That’s when additional ‘investment’ produced no positive result. More money was spent. Test scores and other measures of actual school system output remained the same. The additional money was wasted.
Read More @ DailyReckoning.com.au
ur story for today is the one no one is telling. And no one wants to
tell it either. Because it doesn’t fit easily into any narrative that
people understand. It’s a problem that doesn’t come with a solution. The problem is that the leading institutions of the last few hundred years are going broke. And not just financially broke. They’re also going broke philosophically… economically… and practically.
On the surface, they’re going broke because they’re spending too much money. But at a deeper level, they’re going broke because they are no longer viable. Or, to put it another way… they’ve passed the point of declining marginal utility. More ‘investments’ in these industries are not productive. Instead, they are capital destroying…making people poorer.
Gillian Tett, writing in the weekend Financial Times, shows a bit of what is going on. It involves a school district in San Diego. But the same could be said of many different industries.
The return on educational spending declined to zero about 40 years ago. That’s when additional ‘investment’ produced no positive result. More money was spent. Test scores and other measures of actual school system output remained the same. The additional money was wasted.
Read More @ DailyReckoning.com.au
by Smith Mckenna, Bullion Street:
The greatest approach to investing in silver is looking at the long term outlook and remaining patient.
At the moment,Silver is attracting first time investors and causing
long term investors to beef up their holdings, according to Stephen M
Smith, managing member of Smith McKenna LLC.
Smith said the white metal has been relatively stable at a price that many would consider cheap and most people miss out on investing in silver and the potential wealth creation opportunities because of uncertainty and lack of information.
It’s the perfect time to learn about a silver investment because historically, silver is exceptionally cheap right now,” he added.
Last week however, silver edged into the $28/ounce territory showing signs that it likely won’t remain at this cheap price for very long.
Analysts are firmly set on silver being due for a strong rebound, especially with the recent surge of increased investor interest.
Read More @ BullionStreet.com
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The greatest approach to investing in silver is looking at the long term outlook and remaining patient.
At the moment,Silver is attracting first time investors and causing
long term investors to beef up their holdings, according to Stephen M
Smith, managing member of Smith McKenna LLC.Smith said the white metal has been relatively stable at a price that many would consider cheap and most people miss out on investing in silver and the potential wealth creation opportunities because of uncertainty and lack of information.
It’s the perfect time to learn about a silver investment because historically, silver is exceptionally cheap right now,” he added.
Last week however, silver edged into the $28/ounce territory showing signs that it likely won’t remain at this cheap price for very long.
Analysts are firmly set on silver being due for a strong rebound, especially with the recent surge of increased investor interest.
Read More @ BullionStreet.com
Second Hollow point bullets designed to cause maximum organ damage
by Paul Joseph Watson, Infowars:
Why would the National Weather Service need to purchase large
quantities of powerful ammo? That’s the question many are asking after
the federal agency followed in the footsteps of the Department of
Homeland Security in putting out a solicitation for 46,000 rounds of
hollow point bullets.
A solicitation which appears on the FedBizOpps website asks for 16,000 rounds of .40 S&W jacketed hollow point (JHP) bullets, noted for their strength, to be delivered to locations in Ellsworth, Maine, and New Bedford, Mass.
by Paul Joseph Watson, Infowars:
Why would the National Weather Service need to purchase large
quantities of powerful ammo? That’s the question many are asking after
the federal agency followed in the footsteps of the Department of
Homeland Security in putting out a solicitation for 46,000 rounds of
hollow point bullets.A solicitation which appears on the FedBizOpps website asks for 16,000 rounds of .40 S&W jacketed hollow point (JHP) bullets, noted for their strength, to be delivered to locations in Ellsworth, Maine, and New Bedford, Mass.
A further 6,000 rounds of S&W JHP will be sent to
Wall, New Jersey, with another 24,000 rounds of the same bullets heading
to the weather station in St. Petersburg, Florida.
The solicitation also asks for 500 paper targets to be delivered to the same locations in Maine, Massachusetts and New Jersey.
Read More @ InfoWars.com
by Lars Schall, Gold Switzerland:
In this interview for Matterhorn Asset Management, the founder / president of The Gold Standard Institute, Philip Barton, talked with financial journalist Lars Schall about gold primarily as money, not as an investment. He thinks that in this current crisis we will see the separation of the state from money – and gold will be the measure of value.
Philip Barton was born in Watford, England in 1946. Since 1965 he has
lived in Australia, Colombia, Malaysia, the United States, and Austria. A
long-time retailer and restaurateur he has also lectured, panned for
gold, worked as a spray painter, hat maker, farmer, company director and
investor. He has had an interest in gold going back to the 1970s. He is
the founder of The Gold Standard Institute (goldstandardinstitute.com) and the editor of The Gold Standard Journal.
Lars Schall: Mr. Barton, why is it appealing to advocate a return of the gold standard?
Philip Barton: Well, to be precise, Lars, we are not advocating a return of the gold standard, we are advocating the initiation of the gold standard, because the world has actually not for over a thousand years known a true gold standard. A gold standard means by definition that gold is the measure of value. The 19th century, which is commonly regarded as the gold standard, was not a true gold standard, it had a large fiduciary content – about 60 percent of the paper was not backed by gold.
Read More @ GoldSwitzerland.com
In this interview for Matterhorn Asset Management, the founder / president of The Gold Standard Institute, Philip Barton, talked with financial journalist Lars Schall about gold primarily as money, not as an investment. He thinks that in this current crisis we will see the separation of the state from money – and gold will be the measure of value.
Philip Barton was born in Watford, England in 1946. Since 1965 he has
lived in Australia, Colombia, Malaysia, the United States, and Austria. A
long-time retailer and restaurateur he has also lectured, panned for
gold, worked as a spray painter, hat maker, farmer, company director and
investor. He has had an interest in gold going back to the 1970s. He is
the founder of The Gold Standard Institute (goldstandardinstitute.com) and the editor of The Gold Standard Journal.Lars Schall: Mr. Barton, why is it appealing to advocate a return of the gold standard?
Philip Barton: Well, to be precise, Lars, we are not advocating a return of the gold standard, we are advocating the initiation of the gold standard, because the world has actually not for over a thousand years known a true gold standard. A gold standard means by definition that gold is the measure of value. The 19th century, which is commonly regarded as the gold standard, was not a true gold standard, it had a large fiduciary content – about 60 percent of the paper was not backed by gold.
Read More @ GoldSwitzerland.com
by Sandeep Jaitly, Max Keiser:
We tend to forget in the modern day that silver and gold are money : the universally acceptable ultimate extinguishers of debt. The use of silver as the medium of exchange and unit of account dates back countless millennia. The very names of ancient currencies like the rupee or pound sterling are testament to this. Silver and gold have what is termed constant marginal utility – the personal satiation point of these two metals is so far removed as to be infinitely far away. As a consequence of this, the above ground stock of silver and gold is many multiples of the amount mined annually.
Prior to the turbulent and forced introductions of gold standards throughout various countries across the world in the 19th century, financial obligations – such as bills or bonds- were denominated in a weight of fine silver. Interest rates: that market rate which amortises the principle of a bond, were quoted with reference to silver. The universal acceptance of silver allowed the natural social interaction – or economics – to flourish. Were it not for this substance there would have been no mutually acceptable measure with which to conduct business.
What does it mean to have ‘fiat money’ as we do today? Strictly, this is a misnomer and the term should be ‘fiat credit.’ It means that credit can be extended without due respect to the mutually acceptable measure of the credit – the concept of credit only being possible a posteriori with a universally acceptable substance like silver or gold. Credit has been totally fiat on a global basis since 1971. Is there any limit to the volume of fiat credit that can be extended without due regard to silver or gold? There is indeed and it is measured by the extent of the backwardation in the bullion markets.
Read More @ MaxKeiser.com.com
We tend to forget in the modern day that silver and gold are money : the universally acceptable ultimate extinguishers of debt. The use of silver as the medium of exchange and unit of account dates back countless millennia. The very names of ancient currencies like the rupee or pound sterling are testament to this. Silver and gold have what is termed constant marginal utility – the personal satiation point of these two metals is so far removed as to be infinitely far away. As a consequence of this, the above ground stock of silver and gold is many multiples of the amount mined annually.
Prior to the turbulent and forced introductions of gold standards throughout various countries across the world in the 19th century, financial obligations – such as bills or bonds- were denominated in a weight of fine silver. Interest rates: that market rate which amortises the principle of a bond, were quoted with reference to silver. The universal acceptance of silver allowed the natural social interaction – or economics – to flourish. Were it not for this substance there would have been no mutually acceptable measure with which to conduct business.
What does it mean to have ‘fiat money’ as we do today? Strictly, this is a misnomer and the term should be ‘fiat credit.’ It means that credit can be extended without due respect to the mutually acceptable measure of the credit – the concept of credit only being possible a posteriori with a universally acceptable substance like silver or gold. Credit has been totally fiat on a global basis since 1971. Is there any limit to the volume of fiat credit that can be extended without due regard to silver or gold? There is indeed and it is measured by the extent of the backwardation in the bullion markets.
Read More @ MaxKeiser.com.com
from KingWorldNews:
Today Michael Pento told King World News central banks across the
globe are about to unleash “unprecedented” and “coordinated” actions.
Pento also cautioned investors it would be wise “to prepare
accordingly.” Today Michael Pento writes exclusively for King World
News to put KWN readers ahead of the curve of these enormous and
extraordinary central bank actions.
Here is Pento’s piece: “There is just far too much attention being paid to the so called Fiscal Cliff occurring at the end of this year. The expiration of the Bush Era tax cuts and forced spending reductions taking place because of the sequestration, really doesn’t amount to much more than a fiscal speed bump.”
“In fact, less government spending is one of the pathways to prosperity; rather than becoming some make-believe economic catastrophe. And although raising tax rates isn’t an optimal solution, there could still be a small benefit if there was a resulting increase in revenue, which then served to reduce annual deficits and began to address our long-term fiscal imbalances.
Michael Pento continues @ KingWorldNews.com
Today Michael Pento told King World News central banks across the
globe are about to unleash “unprecedented” and “coordinated” actions.
Pento also cautioned investors it would be wise “to prepare
accordingly.” Today Michael Pento writes exclusively for King World
News to put KWN readers ahead of the curve of these enormous and
extraordinary central bank actions. Here is Pento’s piece: “There is just far too much attention being paid to the so called Fiscal Cliff occurring at the end of this year. The expiration of the Bush Era tax cuts and forced spending reductions taking place because of the sequestration, really doesn’t amount to much more than a fiscal speed bump.”
“In fact, less government spending is one of the pathways to prosperity; rather than becoming some make-believe economic catastrophe. And although raising tax rates isn’t an optimal solution, there could still be a small benefit if there was a resulting increase in revenue, which then served to reduce annual deficits and began to address our long-term fiscal imbalances.
Michael Pento continues @ KingWorldNews.com
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