| Ready or not, QE3 is here, and the long-term effects of this
reckless money printing by the Federal Reserve are going to be
absolutely nightmarish. |
from KingWorldNews:
I don’t know how many years we still have, but you can assume that
central banks, as the ECB stated just recently, will do everything
necessary to prevent a collapse of the system. That means they will
even finance bankrupt governments, they will finance bankrupt banks,
they will finance every bankrupt entity that is important to the system.
That means they debase our paper currencies further and further, and in an accelerating way. This is very bullish news for all of the gold holders of course. A good year or so ago, gold had accelerated into a sort of a climax peak above $1,900. It has taken almost a year to correct that sharp advance.
Felix Zulauf AUDIO INTERVIEW @ KingWorldNews.com
I don’t know how many years we still have, but you can assume that
central banks, as the ECB stated just recently, will do everything
necessary to prevent a collapse of the system. That means they will
even finance bankrupt governments, they will finance bankrupt banks,
they will finance every bankrupt entity that is important to the system.That means they debase our paper currencies further and further, and in an accelerating way. This is very bullish news for all of the gold holders of course. A good year or so ago, gold had accelerated into a sort of a climax peak above $1,900. It has taken almost a year to correct that sharp advance.
Felix Zulauf AUDIO INTERVIEW @ KingWorldNews.com
Anti-Austerity Protests Return To Spain
In
two weeks the Greek economy will once again suffer the consequences of
European indentured servitude when it two main labor unions will grind
the system to a halt with a general strike against planned austerity
measures on September 26. Spain, however, can't wait, and is already
out in the streets (video of today's protest can be found at BBC).
From Al Jazeera: "Thousands of Spanish anti-austerity protesters have
taken to the streets of Madrid to rally against government cuts aimed
at cutting the public deficit. The demonstrators assembled in groups at
noon on Saturday along the central streets of the capital city in a
protest against spending cuts and tax rises. The developments came as
Luis de Guindos, economy minister, said that Spain's borrowing costs
still do not reflect the country's economic and fiscal adjustment,
despite their recent easing." The key word uttered that makes this whole
protest a moot point: "referendum" - silly Europeans don't seem to get
quite yet that Democracy has been dead for decades, supplanted by
kleptofascist globalization with just enough handouts for the lower and
middle classes (usually in terms of welfare promises) to keep everyone
happy. Actually make that silly Americans and Asians too.from TheAlexJonesChannel :
by Constantine Gardner, Lew Rockwell:
Dr. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor
has been reacting to the announcement Thursday of a third round of
quantitative easing by the Federal Reserve.
He sees the Fed’s action as ludicrous, leading to higher asset prices benefiting the wealthy while the man on the street faces higher cost of living and more job losses. He likens big government to a cancer taking away people’s freedom and says the US is facing a fiscal Grand Canyon with never ending deficits.
Speaking to CNBC‘s Worldwide Exchange today, Faber said: “This time it’s not only QE3, it is unlimited QE going on forever,” with the Fed buying mortgage- backed securities and continuing operation Twist.
What are the consequences of QE forever?
“Asset prices will go up and the money will flow to the Mayfair Economy,” he said, defining the latter as an “economy of the rich people whose assets prices go up and whose net worth increases” without any trickle down benefit to the real economy.
Read More @ LewRockwell.com
Dr. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor
has been reacting to the announcement Thursday of a third round of
quantitative easing by the Federal Reserve.He sees the Fed’s action as ludicrous, leading to higher asset prices benefiting the wealthy while the man on the street faces higher cost of living and more job losses. He likens big government to a cancer taking away people’s freedom and says the US is facing a fiscal Grand Canyon with never ending deficits.
Speaking to CNBC‘s Worldwide Exchange today, Faber said: “This time it’s not only QE3, it is unlimited QE going on forever,” with the Fed buying mortgage- backed securities and continuing operation Twist.
What are the consequences of QE forever?
“Asset prices will go up and the money will flow to the Mayfair Economy,” he said, defining the latter as an “economy of the rich people whose assets prices go up and whose net worth increases” without any trickle down benefit to the real economy.
Read More @ LewRockwell.com
from Zero Hedge:
Yesterday, when we first presented our calculation of
what the Fed’s balance sheet would look like through the end of 2013,
some were confused why we assumed that the Fed would continue
monetizing the long-end beyond the end of 2012. Simple: in its
statement, the FOMC said that “If the outlook for the labor market
does not improve substantially, the Committee will continue its
purchases of agency mortgage backed securities, undertake additional
asset purchases, and employ its other policy tools as appropriate until
such improvement is achieved in a context of price stability.”
Therefore, the only question is by what point the labor market would
have improved sufficiently to satisfy the Fed with its “improvement”
(all else equal, which however – and here’s looking at you inflation –
will not be). Conservatively, we assumed that it would take at the lest
until December 2014 for unemployment to cross the Fed’s “all clear
threshold.” As it turns out we were optimistic. Bank of America’s Priya
Misra has just released an analysis which is identical to ours in all
other respects, except for when the latest QE version would end. BofA’s
take: “We do not believe there will be “substantial” improvement
in the labor market for the next 1.5-2 years and foresee the Fed buying
Treasuries after the end of Operation Twist.” What does this mean for total Fed purchases? Again, simple. Add $1 trillion to the Zero Hedge total of $4TRN. In
other words, Bank of America just predicted at least 2 years and
change of constant monetization, which would send the Fed’s balance
sheet to grand total of just over $5,000,000,000,000 as the Fed adds
another $2.2 trillion MBS and Treasury notional to the current total of
$2.8 trillion.
Read More @ Zero Hedge
Yesterday, when we first presented our calculation of
what the Fed’s balance sheet would look like through the end of 2013,
some were confused why we assumed that the Fed would continue
monetizing the long-end beyond the end of 2012. Simple: in its
statement, the FOMC said that “If the outlook for the labor market
does not improve substantially, the Committee will continue its
purchases of agency mortgage backed securities, undertake additional
asset purchases, and employ its other policy tools as appropriate until
such improvement is achieved in a context of price stability.”
Therefore, the only question is by what point the labor market would
have improved sufficiently to satisfy the Fed with its “improvement”
(all else equal, which however – and here’s looking at you inflation –
will not be). Conservatively, we assumed that it would take at the lest
until December 2014 for unemployment to cross the Fed’s “all clear
threshold.” As it turns out we were optimistic. Bank of America’s Priya
Misra has just released an analysis which is identical to ours in all
other respects, except for when the latest QE version would end. BofA’s
take: “We do not believe there will be “substantial” improvement
in the labor market for the next 1.5-2 years and foresee the Fed buying
Treasuries after the end of Operation Twist.” What does this mean for total Fed purchases? Again, simple. Add $1 trillion to the Zero Hedge total of $4TRN. In
other words, Bank of America just predicted at least 2 years and
change of constant monetization, which would send the Fed’s balance
sheet to grand total of just over $5,000,000,000,000 as the Fed adds
another $2.2 trillion MBS and Treasury notional to the current total of
$2.8 trillion.Read More @ Zero Hedge
We Need a New Stock Market
Here are some common-sense rules for such a "new market":- Every offer and bid will be left up for 15 minutes and cannot be withdrawn until 15 minutes has passed.
- Every security--stock or option--must be held for a minimum of one hour.
- Every trade must be placed by a human being.
- No equivalent of the ES/E-Mini contract--the futures contract for the S&P 500--will be allowed. The E-Mini contract is the favorite tool of the Federal Reserve's proxies, the Plunge Protection Team and other offically sanctioned manipulators, as a relatively modest sum of money can buy a boatload of contracts that ramp up the market.
- All bids, offers and trades will be transparently displayed in a form and media freely available to all traders with a standard PC and Internet connection.
- Any violation of #3 will cause the trader and the firm he/she works for to be banned from trading on the exchange for life--one strike, you're out.
Donations will help maintain this goal and defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
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QE Helps Rich People
Admin at Marc Faber Blog - 2 hours ago
QE helps rich people whose asset prices go up and whose net worth then
increases but it doesn’t flow to the man on the street who is faced with
higher costs of living with price rises. You just have a small economy that
is booming but the majority of the economy is damaged by QE. - *in CNBC*
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
Japan Hints at Possible Yen Intervention
Eric De Groot at Eric De Groot - 3 hours ago
Again we’re reading about calls for intervention as the Yen pushes to seven
year highs. Is this just another headline crying “wolf” in the endless game
of time the Bank of Japan’s (BOJ) Yen interventions? Inevitably, sooner
rather than later, confidence in Japan will fail, and the Yen’s secular up
trend will reverse. This makes short Yen’s secular up trend a tempting but
treacherous...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
More bank runs in Spain/Spanish housing contracts another 14.4%/USA consumer prices soar/Retail Sales in USA weak/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 3 hours ago
Good
morning Ladies and Gentlemen:
Gold closed up 70 cents to $1769.80. Silver was under pressure all day
falling by 12 cents to $34.60.
The banking cartel did not want silver to break into the 35 dollar
barrier. The real story is the announcement by Bernanke yesterday of
quantitative easing to infinity where the Fed will purchase 40 billion
mortgage backed securities plus continue on with
Video: Raising Taxes Has Never Been A Good Solution
Admin at Jim Rogers Blog - 3 hours ago
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*Max Keiser and Stacy Herbert discuss Jamie Dimon’s collateral transformation desk feeding the multitude of banksters with five quadrillion in infinitely leveraged toxic derivatives and two Treasury bills of a bankrupt nation. In the second half of the show, Max Keiser talks to Joshua Mellors of SocialJusticeFirst.com about financial suicides and the government and banking policies that cause it.
After three full days of fairly intense Summiteering, I have reams of notes I could share with you, given sufficient time. As I don’t have that time, I’ll try to summarize just a few of the key points.
In no particular order…
- The data confirms that the global economy remains in deep trouble. Not
just “a little”‘ trouble, or “some” trouble – but trouble of the sort
that comes along only every few generations. You know, WWII-level
trouble – the sort of stories you’ll someday regale your
great-grandchildren with.
Of course, this rather dire view comes as no surprise to most dear readers. It should come as no surprise to anyone, at least anyone paying even the slightest attention to the steady flow of bad economic news.
In Carlsbad, we heard any number of perspectives on just how long this crisis might last (another ten years is well within the range of possibilities) or how bad things might get (Doug-Casey bad).
Read More @ CaseyResearch.com
The Bank of England is to auction a series of banknotes for hundreds of pounds more than their face value.
by Andrew Trotman, The Telegraph:
The UK’s central bank is to sell off £5, £10, £20 and £50 notes that appear to be completely normal.
However, due to their condition and serial numbers, they will be sold for hundreds of pounds. One £50 note has a guide price of £300 to £400.
The notes up for auction are special because they have not been in circulation and have matching, low serial numbers, thisismoney.co.uk reported. Last week it was revealed that the BoE has started to issue notes with a new signature, which will eventually replace those currently in circulation.
A spokesman for the BoE said that bank notes signed by Chris Salmon, who is the new Chief Cashier, have been appearing in the banking system since September 12. Older notes, signed by former Chief Cashier Andrew Bailey will be removed from circulation as they become unfit to use.
It is the cashier’s signature on the bank note that renders the BoE liable to honour the note, which is really an IOU.
Read More @ Telegraph.co.uk
by Andrew Trotman, The Telegraph:
The UK’s central bank is to sell off £5, £10, £20 and £50 notes that appear to be completely normal.However, due to their condition and serial numbers, they will be sold for hundreds of pounds. One £50 note has a guide price of £300 to £400.
The notes up for auction are special because they have not been in circulation and have matching, low serial numbers, thisismoney.co.uk reported. Last week it was revealed that the BoE has started to issue notes with a new signature, which will eventually replace those currently in circulation.
A spokesman for the BoE said that bank notes signed by Chris Salmon, who is the new Chief Cashier, have been appearing in the banking system since September 12. Older notes, signed by former Chief Cashier Andrew Bailey will be removed from circulation as they become unfit to use.
It is the cashier’s signature on the bank note that renders the BoE liable to honour the note, which is really an IOU.
Read More @ Telegraph.co.uk
by Richard (Rick) Mills, Ahead of the Herd:
Bernanke Secretly Gives away Sixteen Trillion Dollars
“The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.
What the audit revealed was incredible: between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments by giving them US$16,000,000,000,000.00 – that’s 16 TRILLION dollars.” Richard Mills
It gets worse, much worse, in fact it’s downright incestuous.Let’s do a follow up and see who, besides *foreign banks and corporations from Scotland to South Korea, received a large chunk of that money.
* Banks like JP Morgan benefited from the foreign bailouts – they are some of the largest creditors of the bailed out countries. Instead of having to write off their foreign losses the US Federal Reserve bailouts enabled them to be paid in full.
Read More @ AheadOfTheHerd.com
Bernanke Secretly Gives away Sixteen Trillion Dollars“The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.
What the audit revealed was incredible: between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments by giving them US$16,000,000,000,000.00 – that’s 16 TRILLION dollars.” Richard Mills
It gets worse, much worse, in fact it’s downright incestuous.Let’s do a follow up and see who, besides *foreign banks and corporations from Scotland to South Korea, received a large chunk of that money.
* Banks like JP Morgan benefited from the foreign bailouts – they are some of the largest creditors of the bailed out countries. Instead of having to write off their foreign losses the US Federal Reserve bailouts enabled them to be paid in full.
Read More @ AheadOfTheHerd.com
by Michael Krieger, Liberty Blitzkreig
Historically, the most terrible things – war, genocide, and slavery – have resulted not from disobedience, but from obedience.
- Howard Zinn
We cannot defend freedom abroad by deserting it at home.
- Edward R. Murrow
Talent hits a target no one else can hit; Genius hits a target no one else can see.
- Arthur Schopenhauer
I think 4Q12 and then 2013 will in many ways be the polar opposite of what we have seen thus far in 2012. As you all know, this year is a presidential election year in the U.S., which means predictably that the incumbent president does everything in his power (which these days is pretty much everything) to get reelected. As with everything else in life, there is no free lunch and there will inevitably be painful payback next year as the necessities of being returned to power fade momentarily. This is sort of obvious. What I find much more interesting is the actual global macroeconomic backdrop combined with what Central Planners have done as of late. Since late 2011 the Central Planners of the world began trying out a new strategy. Delay and jawbone, or propagandize and pray. In other words, when things started looking dicey all of these naked emperors (particularly in the EU) would call a meeting and threaten to take “drastic action” or some nonsense like that.
Read More @ LibertyBlitzkreig.com
Historically, the most terrible things – war, genocide, and slavery – have resulted not from disobedience, but from obedience.- Howard Zinn
We cannot defend freedom abroad by deserting it at home.
- Edward R. Murrow
Talent hits a target no one else can hit; Genius hits a target no one else can see.
- Arthur Schopenhauer
I think 4Q12 and then 2013 will in many ways be the polar opposite of what we have seen thus far in 2012. As you all know, this year is a presidential election year in the U.S., which means predictably that the incumbent president does everything in his power (which these days is pretty much everything) to get reelected. As with everything else in life, there is no free lunch and there will inevitably be painful payback next year as the necessities of being returned to power fade momentarily. This is sort of obvious. What I find much more interesting is the actual global macroeconomic backdrop combined with what Central Planners have done as of late. Since late 2011 the Central Planners of the world began trying out a new strategy. Delay and jawbone, or propagandize and pray. In other words, when things started looking dicey all of these naked emperors (particularly in the EU) would call a meeting and threaten to take “drastic action” or some nonsense like that.
Read More @ LibertyBlitzkreig.com
by Adam Hamilton, Silver Seek:
Silver is mined year-round at a fairly constant rate across the globe.
Thus it is somewhat counterintuitive that this metal would exhibit
marked seasonal tendencies tied to the calendar. But it sure does.
Unlike the agricultural commodities, silver’s seasonality is driven by
fluctuations in demand rather than supply. And silver is just entering
its strongest time of the year, which is very bullish for it and its
miners’ stocks.
The primary driver of silver price action is gold. The vast majority of the time with few exceptions, silver’s fortunes are closely slaved to gold’s. Investors and speculators are only likely to plow capital into silver and drive up its price rapidly when gold is thriving. Gold strength naturally stokes greed for the highly-speculative white metal. And later when gold corrects, traders are quick to abandon silver in sympathy.
Today’s secular silver bull was born way back in November 2001, when silver traded near $4 per ounce (and gold under $275). Since then, silver has catapulted a breathtaking 1105% higher at best as of its latest major high in April 2011! The gains prudent contrarians like our subscribers have won in this sector have been epic beyond belief. But traders can’t forget gold truly is the key to thriving in silver.
Read More @ SilverSeek.com
Silver is mined year-round at a fairly constant rate across the globe.
Thus it is somewhat counterintuitive that this metal would exhibit
marked seasonal tendencies tied to the calendar. But it sure does.
Unlike the agricultural commodities, silver’s seasonality is driven by
fluctuations in demand rather than supply. And silver is just entering
its strongest time of the year, which is very bullish for it and its
miners’ stocks.The primary driver of silver price action is gold. The vast majority of the time with few exceptions, silver’s fortunes are closely slaved to gold’s. Investors and speculators are only likely to plow capital into silver and drive up its price rapidly when gold is thriving. Gold strength naturally stokes greed for the highly-speculative white metal. And later when gold corrects, traders are quick to abandon silver in sympathy.
Today’s secular silver bull was born way back in November 2001, when silver traded near $4 per ounce (and gold under $275). Since then, silver has catapulted a breathtaking 1105% higher at best as of its latest major high in April 2011! The gains prudent contrarians like our subscribers have won in this sector have been epic beyond belief. But traders can’t forget gold truly is the key to thriving in silver.
Read More @ SilverSeek.com
from Wealth Cycles:
In Southeast Asia, nestled in the South China Sea, lies Malaysia. Just
slightly larger than New Mexico and established in 1963, Malaysia is not
typically the first location that comes to mind when thinking of
international intrigue. Nevertheless, that is exactly where this Ian
Fleming style story of international finance takes place—a story that at
its heart is another piece of the tale of the death of the U.S. dollar.
As reported by Reuters:
Read More @ WealthCycles.com
In Southeast Asia, nestled in the South China Sea, lies Malaysia. Just
slightly larger than New Mexico and established in 1963, Malaysia is not
typically the first location that comes to mind when thinking of
international intrigue. Nevertheless, that is exactly where this Ian
Fleming style story of international finance takes place—a story that at
its heart is another piece of the tale of the death of the U.S. dollar.As reported by Reuters:
Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry sources and officials.The U.S. has levied sanctions against Iran for the better part of 30 years, initially as a response to the Islamic revolution of 1979. U.S. President Barack Obama’s recent tightening of sanctions is ostensibly in response to Iran’s growing nuclear capability and fears it will develop nuclear weapons. A number of nations have joined the U.S. in imposing sanctions against Iran ranging from banning of sales of military weapons to Iran to banning companies from doing business with Iran.
Read More @ WealthCycles.com
by Chriss Street, Testosterone Pit.com:
We warned early this year in “Arab Spring Turns To Winter” and numerous other articles that the
Obama Administration initiative to put the full-force of America’s
military and diplomatic clout behind leveraging “Arab Spring” protests
to transform the Middle East into progressive democracies would lead to a
disaster for the United States. The deaths of four diplomatic
personnel during coordinated attacks by Sunni Muslim Jihadists on
American Embassies in Cairo, Egypt and Benghazi, Libya confirms that
U.S. policy has been the change agent that converted stable dictatorial
regimes into impoverished hell-holes. Run by murderous tribal thugs,
their only common interest is hatred of America as the Great Satan.
It was well known that the eleven year anniversary of the “911” terrorist attack on the United States would present an excellent opportunity to stage a highly visible attack on an American soft target. Middle Eastern papers were running inflammatory headlines and articles, such as Al Jazeera’s lead picture of a bound and blindfolded Arab under the headline: “Iraq Execution Spree under the Spotlight.”
In Cairo, approximately 3,000 Islamist supporters of the Salafist Sunni Muslim movement gathered at the US embassy in supposed protest against the amateur English language film, which had recently been dubbed into Arabic.
Read More @ TestosteronePit.com
Today’s Items:
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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We warned early this year in “Arab Spring Turns To Winter” and numerous other articles that the
Obama Administration initiative to put the full-force of America’s
military and diplomatic clout behind leveraging “Arab Spring” protests
to transform the Middle East into progressive democracies would lead to a
disaster for the United States. The deaths of four diplomatic
personnel during coordinated attacks by Sunni Muslim Jihadists on
American Embassies in Cairo, Egypt and Benghazi, Libya confirms that
U.S. policy has been the change agent that converted stable dictatorial
regimes into impoverished hell-holes. Run by murderous tribal thugs,
their only common interest is hatred of America as the Great Satan.It was well known that the eleven year anniversary of the “911” terrorist attack on the United States would present an excellent opportunity to stage a highly visible attack on an American soft target. Middle Eastern papers were running inflammatory headlines and articles, such as Al Jazeera’s lead picture of a bound and blindfolded Arab under the headline: “Iraq Execution Spree under the Spotlight.”
In Cairo, approximately 3,000 Islamist supporters of the Salafist Sunni Muslim movement gathered at the US embassy in supposed protest against the amateur English language film, which had recently been dubbed into Arabic.
Read More @ TestosteronePit.com
by Barry Lando, Truth Dig:
Apart from Mitt Romney’s ridiculous slur against President Obama after
the slaying of U.S. Ambassador Chris Stevens, Americans should focus on
the state of affairs suggested by the following questions: When was the
last time a Chinese diplomat was killed or even roughed up by an angry
mob? When did you last hear about a Chinese embassy being burned down or
pillaged?
From Morocco and Tunisia to Libya, Egypt, Yemen and Iraq, anti-American crowds have taken to the streets. The outpouring of hatred is symptomatic of the fact that across much of North Africa, the Middle East and Central Asia, American policy is in tatters—probably more than ever before. The region is strewn with the wreckage of failed U.S. ambitions and disastrous American plans.
Incredibly, even as the U.S. surveys the shambles that Libya has become, there are still American officials pushing for the United States to intervene in Syria’s bloody civil war. (In fact, for months now, the U.S. and some of its Arab allies have been clandestinely doing just that.) Even the prime minister of Israel, supposedly America’s most valuable ally in the region, makes political points by sticking his finger in President Obama’s eye.
Read More @ TruthDig.com
Apart from Mitt Romney’s ridiculous slur against President Obama after
the slaying of U.S. Ambassador Chris Stevens, Americans should focus on
the state of affairs suggested by the following questions: When was the
last time a Chinese diplomat was killed or even roughed up by an angry
mob? When did you last hear about a Chinese embassy being burned down or
pillaged?From Morocco and Tunisia to Libya, Egypt, Yemen and Iraq, anti-American crowds have taken to the streets. The outpouring of hatred is symptomatic of the fact that across much of North Africa, the Middle East and Central Asia, American policy is in tatters—probably more than ever before. The region is strewn with the wreckage of failed U.S. ambitions and disastrous American plans.
Incredibly, even as the U.S. surveys the shambles that Libya has become, there are still American officials pushing for the United States to intervene in Syria’s bloody civil war. (In fact, for months now, the U.S. and some of its Arab allies have been clandestinely doing just that.) Even the prime minister of Israel, supposedly America’s most valuable ally in the region, makes political points by sticking his finger in President Obama’s eye.
Read More @ TruthDig.com
from Alexander Higgins:
This excellent interview tells the truth about the reasons for the Muslim protests – Its about NATO bombing and the backing of Saudi Jihadists.
RT finally asks the question the western media won’t: If these are anti-American protests why are UK and Germany embassies being targeted. The answer is quite simple – Its because their involvement with NATO, the backing of Saudi Salafist Jihadists and the bombing of Muslims around the the world.
This excellent interview tells the truth about the reasons for the Muslim protests – Its about NATO bombing and the backing of Saudi Jihadists.
RT finally asks the question the western media won’t: If these are anti-American protests why are UK and Germany embassies being targeted. The answer is quite simple – Its because their involvement with NATO, the backing of Saudi Salafist Jihadists and the bombing of Muslims around the the world.
from KingWorldNews:
With gold on the move once again, today John Embry told King World News, “I’m still of the mind that we will be in record territory before year end.” Embry also said, “We did our bit by buying another $392 million worth of gold for the Sprott Physical Gold Trust.” Embry spoke about silver, “I’m wildly bullish on silver. I don’t think the physical market has ever been this tight.”
Here is what Embry, who is Chief Investment Strategist at Sprott Asset Management, had to say: “I think the action is positive, but at the same time I’m infuriated by the continued interference with the markets by the powers that be. There is tremendous manipulation going on in both gold and silver right now. Two days before the QE announcement they dropped the price of silver about $1.50 in a nanosecond.”
Embry continues @ KingWorldNews.com
Today’s Items:
With gold on the move once again, today John Embry told King World News, “I’m still of the mind that we will be in record territory before year end.” Embry also said, “We did our bit by buying another $392 million worth of gold for the Sprott Physical Gold Trust.” Embry spoke about silver, “I’m wildly bullish on silver. I don’t think the physical market has ever been this tight.”
Here is what Embry, who is Chief Investment Strategist at Sprott Asset Management, had to say: “I think the action is positive, but at the same time I’m infuriated by the continued interference with the markets by the powers that be. There is tremendous manipulation going on in both gold and silver right now. Two days before the QE announcement they dropped the price of silver about $1.50 in a nanosecond.”
Embry continues @ KingWorldNews.com
Today’s Items:
QE3, at a rate of $40 Billion a month in
mortgage based purchases that will be open ended, begins. Operation
Twist and the ridiculous easy money policy, with interest rates below
0.25 percent, will also continue. Supposedly, “Goldman Sachs” Romney said he would not reappoint “Sugar Daddy Benji Bernanke, if elected President, and criticized his policies. In short folks, as precious metals take off, the U.S. dollar, as with all fiat currencies in the world, is just about toast. With all this, one should expect the mother of all paper shorts very soon.
The “Arab Spring” “blowback” was
inevitable as many had warned Obama not to use US-backed terrorists in
the Middle East. Embassies under attack, dead Americans and hostages
are sadly a result of crimes perpetrated by the US. Obama, no doubt,
will likely continue to be the missing-in-action President who does not attend intelligence briefings and claim its Romney’s err… Bush’s fault.
Believe it or not, officials at the Labor Department are blaming Tropical storm Isaac for the increase in jobless
claims. In addition, producer prices rose by 1.7 percent in August,
the most in three years. Energy prices accounted for more than 80
percent of the rise in wholesale prices. Food prices and
Pharmaceutical product prices rose 0.9 percent and 0.5 percent
respectively.
According to the U.S. Census Bureau,
median household income declined to $50,054 in 2011. American
families are steadily getting poorer. In fact, after adjusting for
inflation median household income has not been this low since 1995.
Fear is the psychological weapon of choice
for totalitarian systems of power. The National Defense
Authorization Act was designed as a weapon of fear to be used against
the American people. Even though Obama lawyers argued that the
executive branch was entitled latitude, Federal judge Forrest permanently blocked
enforcement of military detention of anyone deemed to have connections
with terrorism without due process. In short – U.S. Constitution: one
– Obama: Zip.
Because of the continued economic
conditions, 8.2 percent of U.S. households, or roughly 17 million
adults, are a part of the unbanked population. 821,000 households opted
out of the banking system from 2009 to 2011. Minorities, the
unemployed, young people and lower-income households are least likely to
have accounts. So, how many of these unbanked households are preppers
or simply use a credit Union instead?
You may want to think twice before you
race out to your local Walmart to get that flu shot. A researcher, in
Vancouver, found that vaccinated subjects in an animal study displayed
worsened H1N1 symptoms and became much sicker, from the ingredients
within the vaccine, when exposed to the H1N1 virus. Something to
think about when you see those “Get Your Flu Shot Here” signs.
Today’s Items:
Spanish government debt rose to 75.9
percent of its economy in the second quarter. This year-on-year 9.2
percent is the highest ratio in at least 22 years. Spanish home
prices fell by 14.4 percent, the most on record. Central government
spending increased by 4.4 percent and now represents 58.3 percent of
Spain’s shrinking GDP.
Reminiscent of Bagdad Bob, White House press secretary Jay Carney stated that Mideast violence was not directed at the US; despite the fact that we are finding out that the US Ambassador was sodomized prior to being killed.
So, the fact that US embassies being on high alert and American flags
being burned throughout the Muslim world is a rousing diplomatic
success? Just what the hell are these people at the White House
smoking? It appears that Obama’s Mid East chickens are coming home to roost. Anyway, the U.S. imports about 25% of oil used from the Mideast; thus, the manipulation will cause oil prices to more than double.
It was not just gold and silver that
increased with the fed announcement of new money printing. All
commodities, along with stocks that produce hard assets, also
increased. With that said, the jobs environment is horrible and Wages
are still relatively flat in both Europe and the US. Stressed consumers
are going to be hit with another round of inflation at a time when they
can least afford it. The middle class will continue being wiped out
on both sides of the Atlantic. This is the type of stagflationary
environment where gold and silver can continue to soar, just as they did
in the 70s.
By the end of August, according to data
released by the U.S. Treasury, the federal government paid about $594.6
billion in benefits in both disability and Social Security. 56.29
million people in the US in August were receiving Social Security or
disability benefits. Just imagine the excitement when the mandatory cuts begin on the 1st of January 2013.
Officials at the USDA, working in secret
with Chinese health officials, have been secretly testing the latest GMO
rice concoction on 24 children aged between six and eight years old.
For the USDA to be secretly testing genetically modified foods on young
children in China may mean that previous secret tests were not
favorable.
With less than 60 days til the election,
House reauthorized, in a vote of 301 to 118, the clearly
unconstitutional warrantless wiretapping program, or FISA Amendments
Act, for another five years. The FISA Amendments Act
gives the government nearly carte blanche spying powers with little or
no oversight. So, the breathing on the other end of the phone can
continue.
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