This piece has been contributed exclusively for reader’s of SGTreport
by our friend Mark, a firearms industry executive & part-time police
officer. If you missed my in-depth interview with Mark in which we talk
about the Second Amendment, Liberty and the UN gun ban treaty, please
give it a listen, here. ~ SGT
Steps Every Gun Owner Should Take To Help Protect Their Guns & Gun Rights: 
by Mark S. Mann, Theft of legally owned firearms from gun owners is on the increase every year. The NRA, the Media or Law Enforcement never fully covers the severity and depth of this issue. Many of the guns used in crimes are those that our stolen out of the residences of legal gun owners. By taking a few easy and practical steps, you help prevent being a victim of gun theft, and help limit access to criminals that would use your firearms in the commission of a crime. By doing this, over the long term, it will undoubtedly have a positive effect on statistics of crime and gun violence, which are used to attack private gun ownership.
Don’t make it easy for Criminals, Gun Grabbing Police & Federal Agents, or UN Troops to just walk away with your firearms. What good was it having your firearms if they are stolen or easily confiscated when you need them most? If you lose your guns how can they protect you? You also need protect your guns.
This all starts with covering the following steps: Read More…
Must Watch...
from eagleclaw006:
“I’m not mad at the guns that did this. They didn’t walk in there by themselves and pull their own triggers… I’m mad at my Legislators for legislating me out of the right to protect myself and my family… The Second Amendment is not about duck hunting. It’s about our right to be able to protect ourselves, from all of you. ”
“The beauty of the second amendment is that it will not be needed until they try to take it.”
-Thomas Jefferson
from D. Dees, David Dees Illustrations:
Welcome
to the beautiful and surreal reality of life under American
corporatism, under a Congress that churns out thousands and thousands
of pages of (often contradictory) legislation a year. If providing
material assistance to al-Qaeda is illegal under the National Defence
Authorization Act (2012), and Obama and Congress are sending $25 million of aid to al-Qaeda-affiliated Syrian opposition,
aren’t Congress and President Obama violating their own law? Should
Obama (or at least the Justice Department) not be using “all necessary
and appropriate force” including “the power to indefinitely detain” to
prevent Obama and Congress from assisting al-Qaeda? Did anyone in
Congress or the Obama administration even bother to read the law that
they were signing? Do Federal laws no longer apply to lawmakers?
The
2012 Olympics was shaping up as Ryan Lochte's breakout year, and in
many respects it was. But more than anything, the London Olympics turned
out to be the swan song of Michael Phelps, who hours ago completed his
final Olympic event and retired from the sport of swimming where is
now inducted in perpetuity into the swimming hall of fame with not only
a record 18 Olympic gold medals, twice as many more as any
other Olympian, in a career that stretches from Athens through Beijing
and concludes with London, but a record 22 medals of all
colors. What was Phelps final tally in the 2012 Olympics, how does that
compare to Lochte's total, and how did the London Olympic swim times
compare to Bejing? The infographic below will answer all questions.
“I’m not mad at the guns that did this. They didn’t walk in there by themselves and pull their own triggers… I’m mad at my Legislators for legislating me out of the right to protect myself and my family… The Second Amendment is not about duck hunting. It’s about our right to be able to protect ourselves, from all of you. ”
“The beauty of the second amendment is that it will not be needed until they try to take it.”
-Thomas Jefferson
from D. Dees, David Dees Illustrations:
Should Obama And Congress Be Arrested Under The NDAA?
Welcome
to the beautiful and surreal reality of life under American
corporatism, under a Congress that churns out thousands and thousands
of pages of (often contradictory) legislation a year. If providing
material assistance to al-Qaeda is illegal under the National Defence
Authorization Act (2012), and Obama and Congress are sending $25 million of aid to al-Qaeda-affiliated Syrian opposition,
aren’t Congress and President Obama violating their own law? Should
Obama (or at least the Justice Department) not be using “all necessary
and appropriate force” including “the power to indefinitely detain” to
prevent Obama and Congress from assisting al-Qaeda? Did anyone in
Congress or the Obama administration even bother to read the law that
they were signing? Do Federal laws no longer apply to lawmakers?2012: A Phelps Odyssey
The
2012 Olympics was shaping up as Ryan Lochte's breakout year, and in
many respects it was. But more than anything, the London Olympics turned
out to be the swan song of Michael Phelps, who hours ago completed his
final Olympic event and retired from the sport of swimming where is
now inducted in perpetuity into the swimming hall of fame with not only
a record 18 Olympic gold medals, twice as many more as any
other Olympian, in a career that stretches from Athens through Beijing
and concludes with London, but a record 22 medals of all
colors. What was Phelps final tally in the 2012 Olympics, how does that
compare to Lochte's total, and how did the London Olympic swim times
compare to Bejing? The infographic below will answer all questions.Charting The Un-BEAR-able Lightness Of Equity Analyst Credibility
While
Mario Draghi has done wonders to expose his total and utter lack of
credibility - no matter how much spin is pushed at us - it seems that
equity analysts still (somewhat remarkably) move markets and remain
credible in the eyes of what we assume is an entirely cognitively
dissonant self-perpetuating market-structure in need of 'excuses'. To
wit, the following chart, from Strategas, which illustrates perfectly
the herd-like upward-biased and constant shift in year after
year of S&P 500 earnings expectations that quickly and inexorably
smashes lower in the face of the reality of a crushed credit cycle and
'whocouldanode' recessions/stagnations. It seems we (as investors) and they (as shills analysts) will never learn - or maybe we all will this time (as it's never different!).In Order To Be Saved, Spain And Italy Must First Be Destroyed
There
has been much confusion over last week's remarks by Mario Draghi, with
the prevailing narrative being that the market first got what Draghi
meant wrong (when it plunged), then right (when it soared). The
confusion is further granulated by attempts to explain what was merely a
desperate attempt at delaying a decision for action, which was
inevitable considering the now open opposition by Buba's Weidmann, into a formal and planned plotline:
"Inverse Twist" or other such technical jargon is what we have seen
floating around. The reality is that, just like all other central
bankers, Draghi did what he does best: use big words and threats of
action in hope it will buy him a few extra days of time. The reality is
also that, just like when the LTRO was announced, the market did get it right initially, when peripheral bonds plunged, and got it wrong over the subsequent 3 months when
bond prices rose, only to collapse to new lows (and in the case of
Spain - record high yields as of two weeks ago). Back then, the ECB
merely bought a few months time with its transitory intervention. This time it has at best bought a few days with the lack of any actual action. And yet, Draghi did leave
a way out, for at least another brief respite (where unless Europe
expands the available bailout machinery yet again, the respite will have
an even briefer half life than that from the LTROs). The way out is
simple, and in order to avoid any confusion, we will use an allegory
from the movie Batman: Spain and Italy can be saved. But first they must be destroyed.
from Silver Vigilante:
Low paying jobs, production of useless commodities – the new economy
offers workers an opportunity to walk away from their low-paying,
unfulfilling jobs to live free as entrepreneurs. It is virtually a
condition of the economic depression, as increasing workers find
themselves out of work or not making enough. Why work for meager wages
when you can, with tools like the internet, begin making similar amounts
of money as you were before, on your own. With ad revenue, for example,
you can be making the same as before – what, $8 an hour – with less
work. By producing for ourselves, we no longer sacrifice our own
self-improvement for the enrichment of other people. I am not saying
there is something wrong with working for others, although I view the
hourly wage as degrading and reserved for slaves. What I am however
saying is that, as news of a poor labor market grows increasing acute
over time, employers will use this condition to justify not paying there
workers. You might hear refrains, such as “where else would you make
this kind of money?” When, in reality, you are living paycheck to
paycheck. The amount of raises workers can expect in the long-term are
set to decline as well, as a condition of the current depression
paradigm.Just like we have the opportunity to drain the global banking complex of capital via old world money like precious metals and new world money like digital currencies, we can starve employers of their capital, our labor. Yes, things still need to be produced. Yes, the current infrastructure is likely to be needed in order to produce. But, why not assert the laborers power not with a boycott, asking for higher wages and our old jobs, but by a pro-active immersion into a parallel economy in which we ourselves become the producers of whatever we want/need.
Read More @ Silver Vigilante
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from Anthony Wile, The Daily Bell:
Brad Plumer recently posted an article at the Washington Post‘s Wonkblog entitled “July jobs report: Why the unemployment rate just won’t budge.”
Plumer was responding to a report from the Bureau of Labor Statistics that the US economy added a disappointing 163,000 jobs in July. The unemployment rate traveled up from 8.2 percent to about 8.3 percent.
This set off a flood of articles in the mainstream media that interpreted this figure as negative, inconsequential or possibly “good news” for President Barack Obama‘s re-election campaign.
In this article, I want to show why a much deeper discussion should be taking place.
But first, I’ll examine several issues around which the current “mainstream” debate is occurring.
It is, to be sure, a kind of dominant social theme, of course … that the White House is engaged in frantic efforts to reduce the unemployment problem in the United States and that Obama’s re-election chances hang in the balance.
Read More @ TheDailyBell.com
Brad Plumer recently posted an article at the Washington Post‘s Wonkblog entitled “July jobs report: Why the unemployment rate just won’t budge.”
Plumer was responding to a report from the Bureau of Labor Statistics that the US economy added a disappointing 163,000 jobs in July. The unemployment rate traveled up from 8.2 percent to about 8.3 percent.
This set off a flood of articles in the mainstream media that interpreted this figure as negative, inconsequential or possibly “good news” for President Barack Obama‘s re-election campaign.
In this article, I want to show why a much deeper discussion should be taking place.
But first, I’ll examine several issues around which the current “mainstream” debate is occurring.
It is, to be sure, a kind of dominant social theme, of course … that the White House is engaged in frantic efforts to reduce the unemployment problem in the United States and that Obama’s re-election chances hang in the balance.
Read More @ TheDailyBell.com
“Responsibility
to Protect” crumbles as Western-armed terror front slaughters civilians
while foreign sponsors attempt to tie hands of Syrian security forces
by Kurt Nimmo, Prison Planet:
For the people of Aleppo, their only hope is Syria’s security forces
restoring order. In the pockets of Syria’s largest city the so-called
“Free Syrian Army” (FSA) has dug into, a campaign of systematic
detention, torture, and mass murder has been carried out against
“enemies of the revolution.” Demonized as either “Shabiha” or
“government supporters,” men have been rounded up, lined up against
walls, and gunned down en mass. Others await barbaric “drumhead trials” where FSA warlords deal out arbitrary justice under the guise of “Sharia law.”
Worst of all, all of this is being reported by the Western media, but carefully downplayed, excused, spun, and otherwise sneaked through news cycles and headlines.
Reuters presented just such a report titled, “Rebels fill Aleppo power vacuum, some disapprove.” Judging from the title, one might assume residents in the “liberated” alleys of select Aleppo neighborhoods are simply dissatisfied with late garbage collection and perhaps broken street lights. The title is far from the blood curdling hysteria accompanying Western accounts (and fabrications) of Syrian security operations over the last year and a half.
However, what Reuters actually reports is indeed growing basement-dungeons full of “suspected Shabiha,” clear evidence of torture and abuse, as well as a growing number of summary executions and mass murder carried out before cameras and Western media in the streets.
Read More @ PrisonPlanet.com
from Brandon Turbeville, Activist Post
n yet another move that could be seen coming from a mile away by even the most casual observer, a recently released statement from the Department of Defense is announcing that U.S. agencies are now “aiding” Afghanistan to locate and pinpoint the nation’s mineral wealth.
by Kurt Nimmo, Prison Planet:
For the people of Aleppo, their only hope is Syria’s security forces
restoring order. In the pockets of Syria’s largest city the so-called
“Free Syrian Army” (FSA) has dug into, a campaign of systematic
detention, torture, and mass murder has been carried out against
“enemies of the revolution.” Demonized as either “Shabiha” or
“government supporters,” men have been rounded up, lined up against
walls, and gunned down en mass. Others await barbaric “drumhead trials” where FSA warlords deal out arbitrary justice under the guise of “Sharia law.”Worst of all, all of this is being reported by the Western media, but carefully downplayed, excused, spun, and otherwise sneaked through news cycles and headlines.
Reuters presented just such a report titled, “Rebels fill Aleppo power vacuum, some disapprove.” Judging from the title, one might assume residents in the “liberated” alleys of select Aleppo neighborhoods are simply dissatisfied with late garbage collection and perhaps broken street lights. The title is far from the blood curdling hysteria accompanying Western accounts (and fabrications) of Syrian security operations over the last year and a half.
However, what Reuters actually reports is indeed growing basement-dungeons full of “suspected Shabiha,” clear evidence of torture and abuse, as well as a growing number of summary executions and mass murder carried out before cameras and Western media in the streets.
Read More @ PrisonPlanet.com
from Brandon Turbeville, Activist Post
n yet another move that could be seen coming from a mile away by even the most casual observer, a recently released statement from the Department of Defense is announcing that U.S. agencies are now “aiding” Afghanistan to locate and pinpoint the nation’s mineral wealth.
This “treasure mapping” of Afghanistan is being conducted in
anticipation of the opening of the bidding process for private companies
who are no doubt salivating as they wait in the wings for their
opportunity to gobble up the natural wealth of the impoverished and
war-torn nation and, subsequently, turn it into massive profits.
As part of the DOD’s Task Force for Business and Stability Operation (TFBSO), the DOD and USGS (United States Geological Survey)
are working together to “map more than 70 percent of the country’s
surface and identify potential high-value deposits of copper, gold,
iron, and other minerals.” Obviously, the initiative also includes the
Afghan Ministry of Mines and the Afghan Geological Survey.
Read More @ Activist Post
Read More @ Activist Post
by Rob Gray, Open Currency:
As some of you know, I had a rare opportunity to testify
August 2nd 2012 before the House Financial Services Subcommittee on
Domestic Monetary Policy regarding parallel currencies. For a full video
of the hearing, click the image on the left. It all passed so fast, and
the reality didn’t set in until I left the chamber.
My first thought upon walking out of the building was really anti-climatic: “I spent all this time over the past week for that?” And to think I could have focused my time and energy somewhere else. Nonetheless, testifying in front of the House Domestic Monetary Policy subcommittee was a learning experience. Unfortunately, I don’t think they’re going to invite me back anytime soon. So here’s what I got out of it:
1) It’s easier to get in to congress than it is on a plane – Maybe it’s part of the new regime’s open-door policy, or maybe it’s always been like this, but apparently it’s really easy to enter the lion’s den. Simply walk in the front door, stick you cell phone and keys in a bowl, and walk right on through the metal detector, complete with shoes, jacket, belt, pocket change, lighter, liquids, gels (you don’t even need a 1-quart bag!) and anything else you feel like bringing in. There are no guard dogs, no intimidating desk clerks, and you don’t need an I.D. or boarding pass (or any other doc that proves you should be there).
Read More @ Open Currency.com
As some of you know, I had a rare opportunity to testify
August 2nd 2012 before the House Financial Services Subcommittee on
Domestic Monetary Policy regarding parallel currencies. For a full video
of the hearing, click the image on the left. It all passed so fast, and
the reality didn’t set in until I left the chamber.My first thought upon walking out of the building was really anti-climatic: “I spent all this time over the past week for that?” And to think I could have focused my time and energy somewhere else. Nonetheless, testifying in front of the House Domestic Monetary Policy subcommittee was a learning experience. Unfortunately, I don’t think they’re going to invite me back anytime soon. So here’s what I got out of it:
1) It’s easier to get in to congress than it is on a plane – Maybe it’s part of the new regime’s open-door policy, or maybe it’s always been like this, but apparently it’s really easy to enter the lion’s den. Simply walk in the front door, stick you cell phone and keys in a bowl, and walk right on through the metal detector, complete with shoes, jacket, belt, pocket change, lighter, liquids, gels (you don’t even need a 1-quart bag!) and anything else you feel like bringing in. There are no guard dogs, no intimidating desk clerks, and you don’t need an I.D. or boarding pass (or any other doc that proves you should be there).
Read More @ Open Currency.com
from The Economic Collapse Blog:
Did you know that a smaller percentage of Americans are working today
than when the last recession supposedly ended? But you won’t hear about
this on the mainstream news. Instead, the mainstream media obsesses
over the highly politicized and highly manipulated “unemployment rate”.
The media is buzzing about how “163,000 new jobs” were added in July
but the unemployment rate went up to “8.254%“. Sadly, those numbers are quite misleading. According to the Bureau of Labor Statistics, in June 142,415,000 people had jobs in the United States. In July, that number declined to 142,220,000.
That means that 195,000 fewer Americans were working in July than in
June. But somehow that works out to “163,000 new jobs” in July. I am
not exactly sure how they get that math to add up. Perhaps someone out
there can explain it to me. Personally, I find that the “employment
rate” gives a much clearer picture of what is actually going on in the
economy. The employment to population ratio is a measure of the
percentage of working age Americans that actually have jobs. When it
goes up that is good. When it goes down, that is bad. In July, the
employment to population ratio dropped from 58.6 percent to 58.4 percent. Overall, the percentage of working age Americans that have jobs has now been under 59 percent for 35 months in a row.
Read More @ TheEconomicCollpaseBlog.com
Did you know that a smaller percentage of Americans are working today
than when the last recession supposedly ended? But you won’t hear about
this on the mainstream news. Instead, the mainstream media obsesses
over the highly politicized and highly manipulated “unemployment rate”.
The media is buzzing about how “163,000 new jobs” were added in July
but the unemployment rate went up to “8.254%“. Sadly, those numbers are quite misleading. According to the Bureau of Labor Statistics, in June 142,415,000 people had jobs in the United States. In July, that number declined to 142,220,000.
That means that 195,000 fewer Americans were working in July than in
June. But somehow that works out to “163,000 new jobs” in July. I am
not exactly sure how they get that math to add up. Perhaps someone out
there can explain it to me. Personally, I find that the “employment
rate” gives a much clearer picture of what is actually going on in the
economy. The employment to population ratio is a measure of the
percentage of working age Americans that actually have jobs. When it
goes up that is good. When it goes down, that is bad. In July, the
employment to population ratio dropped from 58.6 percent to 58.4 percent. Overall, the percentage of working age Americans that have jobs has now been under 59 percent for 35 months in a row.Read More @ TheEconomicCollpaseBlog.com
from TruthNeverTold :
The next American Revolution will NOT be fought with bullets or bombs. It will be won with the opposite consciousness.
The next American Revolution will NOT be fought with bullets or bombs. It will be won with the opposite consciousness.
from End of the American Dream:
In Garden Grove, California the other day, a 65 year old woman with a gun chased 5 armed criminals out of her jewelry store.
The video of this amazing incident (posted below) is quite funny, but
it also demonstrates a very serious point. The streets of many of our
largest cities are slowly but surely being transformed into a living hell
as our society rots from the inside out. The criminals are always
going to have plenty of guns. If we have no way to defend ourselves,
then many of us will be at the mercy of the criminals. For example,
imagine what would have happened if those 5 armed robbers had invaded
her home at night? Without a gun, what could that 65 year old woman
have done? The best she could hope for is that the criminals would take
whatever they wanted and would not do any violence to her or to her
family. Of course the police would show up later and “take a report”,
but the police would not be able to undo any of the damage that the
crooks had already done. This is especially true when it comes to
violence against women. You can always replace your possessions, but
you can never undo a sexual assault or a rape. America is being
absolutely overrun by psychos
these days, and if you don’t have a gun how in the world are you going
to keep a pack of criminals from having their way with you or with
members of your family? I realize that is a very disturbing thing to
think about, but these are dark times that we are living in. As society
continues to fall apart we are going to see home invasions because more
twisted and more horrifying than ever before.
Read More @ EndoftheAmericanDream.com
Dear CIGAs,
Gold to Rally Above $1,900 by End 2012: HSBC Published: Friday, 3 Aug 2012 | 6:31 AM ET
By: Holly Ellyatt
Gold could be one of the few assets to profit from the political and economic turbulence in the United States as the “fiscal cliff” approaches, potentially creating a rally in the precious metal later in 2012 for it to reach $1,900 per ounce by the end of the year, analysts at HSBC said.
“Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically gold-bullish,” and gold should perform better later in the year “when U.S. growth is poor and the dollar is weak,” a new HSBC report said. “We expect prices to rally to above $1,900/oz by the end of the year. Patience is the most important commodity.”
HSBC recommends holding onto gold as an asset that will gain in value as investors fear the future of the euro and dollar, with governments and central banks expected to intervene to shore up their currencies’ strength.
According to commodities’ analysts at the bank, the outlook on gold is positive for the second half of the year despite the current stall in the gold rally due to a rise in supply, lack of demand in the jewelry sector and uncertainty about the European financial crisis and U.S. “fiscal cliff” approaching at the end of 2012, when the U.S. government must decide whether or not to increase taxes and introduce spending cuts, which could risk a slowdown similar to Europe’s.
More…
Dear Jim,
This is beautifully written by David Galland, who I almost hired many years ago. You’ll soon see why.
I wrote a few years ago that “it’s too late; we’ve lost.” That is certainly true in the US and badly damaged in the UK.
Talk is cheap. 98% don’t want to pay the price to change things. Most are now set in the new big brother ways, accepting the government as their provider in chief. The US is decades away from change for the better. Anyway, read David and see what you think.
Regards,
Harry Schultz.
Paying Lip Service to Liberty
Dear Reader,
We have a full issue today, including a guest essay by long-term friend and now business partner John Mauldin.
But before we get to that and more, I want to share some musings with you on a topic of no small interest to many of you – the topic of liberty.
I’m pretty sure I’m about to offend many dear readers, though that’s definitely not my intention. Rather, I hope to provide fodder for reflecting on the nature of liberty and how to find it in a world that is increasingly coming under the thumb of totalitarians.
With that preface, we begin.
Paying Lip Service to Liberty
For some time now – years actually – I have pondered the nature of liberty. Or more specifically, what liberty actually means to me. And to be extra clear, I am not talking about the meaning in abstract or philosophical terms, but tangibly – in much the same way I might answer if asked what my wife means to me.
The trigger for this entirely personal discourse comes from reading various articles and viewing various YouTubes and speeches from self-styled champions of liberty (COL). There is even an entire conference, Mark Skousen’s FreedomFest, dedicated to the topic.
Invariably, these well-meaning COL rail against "The Man" (something I do myself), accentuating their public angst by sharing stories of being molested by the TSA or otherwise inconvenienced by minions of the state. It is my contention that most of these individuals, and certainly the majority of "freedom-loving" Americans, don’t actually understand the meaning of liberty, but rather give the matter little more than lip service.
And again, I don’t mean liberty in an abstract way – like, say, "world peace" – but tangibly.
Now, before going on, tripping emotional wires as I do, I feel the need to quickly establish my bona fides on the topic. I start with the simple fact that with age, and 58 years old counts, comes perspective. In addition, unlike most of today’s COL, I have actually been jailed for rioting against authority – at the naïve age of 14, as the result of actively participating in the toe-to-toe anti-war confrontations during the Oakland Induction Center Riots of the late 1960s.
In addition, as over-the-top as it now sounds, along with my now-departed friend and colleague of many years, Jim Blanchard, I spent many months assisting the RENAMO-led freedom fighters raise awareness in their fight against Mozambique’s vicious dictatorship. The adventure ultimately ended up with us in a very tight spot under house arrest in neighboring Malawi, followed by a high-speed car chase with the Malawian secret police in hot pursuit.
I have been directly involved with prominent members of the freedom movement in the US as part and parcel of my business career since a very young age, including running the 1980 Libertarian Presidential Nominating Convention in Los Angeles at the request of my friend Ed Crane, the founder of the Cato Institute. Furthermore, I have been friends, business associates, or acquaintances with too many well-known COLs to recount here, starting with my business partner of many years Doug Casey, but also Harry Browne, Milton Friedman, and even Ayn Rand (I arranged for and hosted her at her last public appearance before she died.)
More…
I'm PayPal Verified
In Garden Grove, California the other day, a 65 year old woman with a gun chased 5 armed criminals out of her jewelry store.
The video of this amazing incident (posted below) is quite funny, but
it also demonstrates a very serious point. The streets of many of our
largest cities are slowly but surely being transformed into a living hell
as our society rots from the inside out. The criminals are always
going to have plenty of guns. If we have no way to defend ourselves,
then many of us will be at the mercy of the criminals. For example,
imagine what would have happened if those 5 armed robbers had invaded
her home at night? Without a gun, what could that 65 year old woman
have done? The best she could hope for is that the criminals would take
whatever they wanted and would not do any violence to her or to her
family. Of course the police would show up later and “take a report”,
but the police would not be able to undo any of the damage that the
crooks had already done. This is especially true when it comes to
violence against women. You can always replace your possessions, but
you can never undo a sexual assault or a rape. America is being
absolutely overrun by psychos
these days, and if you don’t have a gun how in the world are you going
to keep a pack of criminals from having their way with you or with
members of your family? I realize that is a very disturbing thing to
think about, but these are dark times that we are living in. As society
continues to fall apart we are going to see home invasions because more
twisted and more horrifying than ever before. Read More @ EndoftheAmericanDream.com
Dear CIGAs,
This might be our only hope versus the demons of finance in the Temple of Wall Street, The City, and Bahnhofstrasse.
It is just that bad.
Do you realize that Knight Financial just purchased a Pension
Financial commodity business with over $400,000,000 in accounts
deposited for $5,000,000? The other side of the algo bad trades made all
the money that Knight lost in 40 minutes.
Could this have been “The Great Train Robbery of 2012?”
Gold to Rally Above $1,900 by End 2012: HSBC Published: Friday, 3 Aug 2012 | 6:31 AM ET
By: Holly Ellyatt
Gold could be one of the few assets to profit from the political and economic turbulence in the United States as the “fiscal cliff” approaches, potentially creating a rally in the precious metal later in 2012 for it to reach $1,900 per ounce by the end of the year, analysts at HSBC said.
“Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically gold-bullish,” and gold should perform better later in the year “when U.S. growth is poor and the dollar is weak,” a new HSBC report said. “We expect prices to rally to above $1,900/oz by the end of the year. Patience is the most important commodity.”
HSBC recommends holding onto gold as an asset that will gain in value as investors fear the future of the euro and dollar, with governments and central banks expected to intervene to shore up their currencies’ strength.
According to commodities’ analysts at the bank, the outlook on gold is positive for the second half of the year despite the current stall in the gold rally due to a rise in supply, lack of demand in the jewelry sector and uncertainty about the European financial crisis and U.S. “fiscal cliff” approaching at the end of 2012, when the U.S. government must decide whether or not to increase taxes and introduce spending cuts, which could risk a slowdown similar to Europe’s.
More…
Dear Jim,
This is beautifully written by David Galland, who I almost hired many years ago. You’ll soon see why.
I wrote a few years ago that “it’s too late; we’ve lost.” That is certainly true in the US and badly damaged in the UK.
Talk is cheap. 98% don’t want to pay the price to change things. Most are now set in the new big brother ways, accepting the government as their provider in chief. The US is decades away from change for the better. Anyway, read David and see what you think.
Regards,
Harry Schultz.
Paying Lip Service to Liberty
Dear Reader,
We have a full issue today, including a guest essay by long-term friend and now business partner John Mauldin.
But before we get to that and more, I want to share some musings with you on a topic of no small interest to many of you – the topic of liberty.
I’m pretty sure I’m about to offend many dear readers, though that’s definitely not my intention. Rather, I hope to provide fodder for reflecting on the nature of liberty and how to find it in a world that is increasingly coming under the thumb of totalitarians.
With that preface, we begin.
Paying Lip Service to Liberty
For some time now – years actually – I have pondered the nature of liberty. Or more specifically, what liberty actually means to me. And to be extra clear, I am not talking about the meaning in abstract or philosophical terms, but tangibly – in much the same way I might answer if asked what my wife means to me.
The trigger for this entirely personal discourse comes from reading various articles and viewing various YouTubes and speeches from self-styled champions of liberty (COL). There is even an entire conference, Mark Skousen’s FreedomFest, dedicated to the topic.
Invariably, these well-meaning COL rail against "The Man" (something I do myself), accentuating their public angst by sharing stories of being molested by the TSA or otherwise inconvenienced by minions of the state. It is my contention that most of these individuals, and certainly the majority of "freedom-loving" Americans, don’t actually understand the meaning of liberty, but rather give the matter little more than lip service.
And again, I don’t mean liberty in an abstract way – like, say, "world peace" – but tangibly.
Now, before going on, tripping emotional wires as I do, I feel the need to quickly establish my bona fides on the topic. I start with the simple fact that with age, and 58 years old counts, comes perspective. In addition, unlike most of today’s COL, I have actually been jailed for rioting against authority – at the naïve age of 14, as the result of actively participating in the toe-to-toe anti-war confrontations during the Oakland Induction Center Riots of the late 1960s.
In addition, as over-the-top as it now sounds, along with my now-departed friend and colleague of many years, Jim Blanchard, I spent many months assisting the RENAMO-led freedom fighters raise awareness in their fight against Mozambique’s vicious dictatorship. The adventure ultimately ended up with us in a very tight spot under house arrest in neighboring Malawi, followed by a high-speed car chase with the Malawian secret police in hot pursuit.
I have been directly involved with prominent members of the freedom movement in the US as part and parcel of my business career since a very young age, including running the 1980 Libertarian Presidential Nominating Convention in Los Angeles at the request of my friend Ed Crane, the founder of the Cato Institute. Furthermore, I have been friends, business associates, or acquaintances with too many well-known COLs to recount here, starting with my business partner of many years Doug Casey, but also Harry Browne, Milton Friedman, and even Ayn Rand (I arranged for and hosted her at her last public appearance before she died.)
More…
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