by Adam English, Wealth Wire:
China is about to pull out all the stops on Keynesian spending in an effort to prop up its ailing economy.
The National Development and Reform Commision just approved a massive list of road, rail, port and other infrastructure projects. The announcement comes on the heels of interest cuts earlier this summer and a slew of smaller local government stimulus efforts.
The news immediately boosted the Shanghai Composite by nearly 4% and, when coupled with the ECB’s unlimited bond purchase announcement, helped the Euro rally through the end of the week. American markets didn’t see the same benefit as another disappointing jobs report stifled any bullish sentiment.
The 25 new rail projects alone will cost 800 billion yuan, or about $127 billion. The total value of the projects approved will approach 2% of China’s total economy in 2011, or $157 billion.
Read More @ WealthWire.com
China is about to pull out all the stops on Keynesian spending in an effort to prop up its ailing economy.The National Development and Reform Commision just approved a massive list of road, rail, port and other infrastructure projects. The announcement comes on the heels of interest cuts earlier this summer and a slew of smaller local government stimulus efforts.
The news immediately boosted the Shanghai Composite by nearly 4% and, when coupled with the ECB’s unlimited bond purchase announcement, helped the Euro rally through the end of the week. American markets didn’t see the same benefit as another disappointing jobs report stifled any bullish sentiment.
The 25 new rail projects alone will cost 800 billion yuan, or about $127 billion. The total value of the projects approved will approach 2% of China’s total economy in 2011, or $157 billion.
Read More @ WealthWire.com
Suddenly, Nobody In Europe Wants The ECB Bailout
It took the ECB a year of endless behind the scenes Machiavellian scheming to restart the SMP program (which was conceived by Jean-Claude Trichet in May 2010, concurrent with the first Greek bailout). The markets soared with euphoria that this time will be different, and that the program which is a masterclass in central planning paradox, as it is "unlimited" yet "sterilized", while based on "conditions" none of which have been disclosed, and will somehow be pari passu for new bond purchases while it retains seniority for previous purchases of Greek and other PIGS bonds, will work - it won't, and the third time will not be the charm as we showed before. Yet it has been just 48 hours since the "bailout" announcement and already Europe is being Europe: namely, it turns out that nobody wants the bailout.
from Zero Hedge:
The last time we looked at
monthly Chinese imports of gold from Hong Kong in 2012, the comparable
country in question was Portugal (whose citizens, if not central bank,
incidentally have run out of gold to sell),
because that is whose total gold holdings (at 382.5 tons) Chinese
imports had just surpassed. Fast forward a month later, and the update
is even more disturbing. In July, Chinese gold imports from HK, after
two months of declines, have picked up once more and hit a 3-month high
of 75.8 tons. While it is notable that this number is double the 38.1
tons imported a year prior, and that year-to-date imports are now a
record 458.6 tons, well over four times greater than the seven month
total in 2011 which was 103.9 tons, what is far more important is that
in the first seven months of 2012 alone China has imported nearly as
much gold as the total holdings of the hedge fund at the heart of the
Eurozone, elsewhere known simply as the European Central Bank, and just
as importantly considering the import run-rate has hardly slowed down
in August, which data we will have in a few weeks, it is now safe to say that in 2012 alone China has imported more gold than the ECB’s entire official 502.1 tons of holdings.
Read More @ Zero Hedge
Rob Kirby of Kirby Analytics.com joins me to explain the depth and breadth of the MASSIVE LIBOR rigging crimes, which started in 2007-2008. Rob says Barclay’s involvement is merely the tip of the iceberg, and that the crimes of LIBOR began at the U.S. Treasury and the Exchange Stabilization Fund (ESF). In Part 2, Rob describes the very dire outlook for America when the dollar is no longer the world’s reserve currency. Rob also expresses his fear for America’s citizens given the ever-expanding police state. Rob says he will never step foot in the United States again, at least not until Liberty is recovered.
“A democracy is always temporary in nature; it simply cannot exist as a permanent form
of government. A democracy will continue to exist up until the time
that voters discover that they can vote themselves generous gifts from
the public treasury. From that moment on, the majority always votes for
the candidates who promise the most benefits from the public treasury,
with the result that every democracy will finally collapse over loose
fiscal policy, (which is) always followed by a dictatorship.” — Alexander Tyler, 1887
(An empty stage. Obama is nowhere in sight. There is no warmup act. The lights go down. A screen drops. The entirety of Romney’s nomination acceptance speech is played. Americans haven’t disliked a Presidential nomination acceptance speech that much since 1996. Lights come up. Obama is standing, open collar, no podium, a knowing smile ear to ear.)
“That’s what I’m talkin’ about!” (He does a 360 on his heels.)
“You want some of that shit?” (Obama yells to the crowd, pointing to the screen, Romney’s huge head and constipated smile frozen in time.)
“Here’s the bottom line muthafucka’s . . . I didn’t do you right. No! I bent you over and banged you like a gong!”(Another 360-degree pivot on his heels . . . Evil grin.)
“And . . . I liked it!
Read More @ DollarVigilante.com
The last time we looked at
monthly Chinese imports of gold from Hong Kong in 2012, the comparable
country in question was Portugal (whose citizens, if not central bank,
incidentally have run out of gold to sell),
because that is whose total gold holdings (at 382.5 tons) Chinese
imports had just surpassed. Fast forward a month later, and the update
is even more disturbing. In July, Chinese gold imports from HK, after
two months of declines, have picked up once more and hit a 3-month high
of 75.8 tons. While it is notable that this number is double the 38.1
tons imported a year prior, and that year-to-date imports are now a
record 458.6 tons, well over four times greater than the seven month
total in 2011 which was 103.9 tons, what is far more important is that
in the first seven months of 2012 alone China has imported nearly as
much gold as the total holdings of the hedge fund at the heart of the
Eurozone, elsewhere known simply as the European Central Bank, and just
as importantly considering the import run-rate has hardly slowed down
in August, which data we will have in a few weeks, it is now safe to say that in 2012 alone China has imported more gold than the ECB’s entire official 502.1 tons of holdings.Read More @ Zero Hedge
Rob Kirby of Kirby Analytics.com joins me to explain the depth and breadth of the MASSIVE LIBOR rigging crimes, which started in 2007-2008. Rob says Barclay’s involvement is merely the tip of the iceberg, and that the crimes of LIBOR began at the U.S. Treasury and the Exchange Stabilization Fund (ESF). In Part 2, Rob describes the very dire outlook for America when the dollar is no longer the world’s reserve currency. Rob also expresses his fear for America’s citizens given the ever-expanding police state. Rob says he will never step foot in the United States again, at least not until Liberty is recovered.
by Jim Krager, Dollar Vigilante:
“A democracy is always temporary in nature; it simply cannot exist as a permanent form
of government. A democracy will continue to exist up until the time
that voters discover that they can vote themselves generous gifts from
the public treasury. From that moment on, the majority always votes for
the candidates who promise the most benefits from the public treasury,
with the result that every democracy will finally collapse over loose
fiscal policy, (which is) always followed by a dictatorship.” — Alexander Tyler, 1887(An empty stage. Obama is nowhere in sight. There is no warmup act. The lights go down. A screen drops. The entirety of Romney’s nomination acceptance speech is played. Americans haven’t disliked a Presidential nomination acceptance speech that much since 1996. Lights come up. Obama is standing, open collar, no podium, a knowing smile ear to ear.)
“That’s what I’m talkin’ about!” (He does a 360 on his heels.)
“You want some of that shit?” (Obama yells to the crowd, pointing to the screen, Romney’s huge head and constipated smile frozen in time.)
“Here’s the bottom line muthafucka’s . . . I didn’t do you right. No! I bent you over and banged you like a gong!”(Another 360-degree pivot on his heels . . . Evil grin.)
“And . . . I liked it!
Read More @ DollarVigilante.com
by Bruce Krasting, Bruce Krasting Blog:
Mario Draghi has achieved the impossible. A recap of yesterday’s momentous developments:
- Mario was able to maintain “Radio-Silence” on the key elements of the plan he unfolded. As a result, he achieved tactical advantage when he unveiled his bold proposals. The global capital markets were both shocked and awed, and responded with unbridled enthusiasm.
- Draghi has presented a well thought out proposal. It addressed all of the issues that the markets and politicians were worrying about:
A) To appease the concerns of the citizens of Germany, Netherlands, Finland etc. the ECB support plan has stiff conditionality. This important step will, no doubt, assuage any concerns those citizens may have that their tax dollars might be at risk.
B) Mario was decisive. He did not fire a bazooka, he did not fire a howitzer. He fired the most powerful weapon known to a Central Banker. He said the “U” word. Unlimited market intervention was promised. With this one word, Draghi has eliminated any uncertainty on the outcome of the Euro and the EU.
Read More @ BruceKrasting.blogspot.com
Mario Draghi has achieved the impossible. A recap of yesterday’s momentous developments:- Mario was able to maintain “Radio-Silence” on the key elements of the plan he unfolded. As a result, he achieved tactical advantage when he unveiled his bold proposals. The global capital markets were both shocked and awed, and responded with unbridled enthusiasm.
- Draghi has presented a well thought out proposal. It addressed all of the issues that the markets and politicians were worrying about:
A) To appease the concerns of the citizens of Germany, Netherlands, Finland etc. the ECB support plan has stiff conditionality. This important step will, no doubt, assuage any concerns those citizens may have that their tax dollars might be at risk.
B) Mario was decisive. He did not fire a bazooka, he did not fire a howitzer. He fired the most powerful weapon known to a Central Banker. He said the “U” word. Unlimited market intervention was promised. With this one word, Draghi has eliminated any uncertainty on the outcome of the Euro and the EU.
Read More @ BruceKrasting.blogspot.com
by Dr. Paul Craig Roberts, PaulCraigRoberts.org:
Friday’s payroll jobs report says that 96,000 new jobs were created in
August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As
96,000 new jobs are not enough to keep up with population growth, the
decline in the U.3 unemployment rate was caused by 368,000 discouraged
job seekers giving up on finding employment and dropping out of the work
force as measured by U.3. Discouraged workers are not included in the
U.3 measure of unemployment, which makes the measure useless. The only
purpose of U.3 is to keep bad news out of the news. the U.3 unemployment
rate only measures those who have not been discouraged by the inability
to find a job and are still actively seeking employment.
The government produces another unemployment measure, U.6, which includes people who have been discouraged by the inability to find a job and have been out of the work force for less than a year. This measure of unemployment is 14.7%, a number that would get attention if reported.
When the long-term (more than one year) discouraged workers are included, the US unemployment rate is about 22%. In other words, the real US rate of unemployment is almost three times higher than the reported–headline rate–of 8.1%.
Read More @ PaulCraigRoberts.org
Friday’s payroll jobs report says that 96,000 new jobs were created in
August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As
96,000 new jobs are not enough to keep up with population growth, the
decline in the U.3 unemployment rate was caused by 368,000 discouraged
job seekers giving up on finding employment and dropping out of the work
force as measured by U.3. Discouraged workers are not included in the
U.3 measure of unemployment, which makes the measure useless. The only
purpose of U.3 is to keep bad news out of the news. the U.3 unemployment
rate only measures those who have not been discouraged by the inability
to find a job and are still actively seeking employment.The government produces another unemployment measure, U.6, which includes people who have been discouraged by the inability to find a job and have been out of the work force for less than a year. This measure of unemployment is 14.7%, a number that would get attention if reported.
When the long-term (more than one year) discouraged workers are included, the US unemployment rate is about 22%. In other words, the real US rate of unemployment is almost three times higher than the reported–headline rate–of 8.1%.
Read More @ PaulCraigRoberts.org
from KingWorldNews:
The KWN Weekly Metals Wrap – We have added new segments to the KWN
Weekly Metals Wrap covering gold, silver, trading and a plethora of
other factors affecting the precious metals markets. I am giving King
World News listeners globally access to what has long been my secret
weapons in researching where gold and silver are headed directionally
along with the COT Report. We Cover the Commitment of Traders Report in
detail as well as a number of other factors which can influence the gold
and silver market price action.
LISTEN NOW @ KingWorldNews.com
I'm PayPal Verified
The KWN Weekly Metals Wrap – We have added new segments to the KWN
Weekly Metals Wrap covering gold, silver, trading and a plethora of
other factors affecting the precious metals markets. I am giving King
World News listeners globally access to what has long been my secret
weapons in researching where gold and silver are headed directionally
along with the COT Report. We Cover the Commitment of Traders Report in
detail as well as a number of other factors which can influence the gold
and silver market price action.LISTEN NOW @ KingWorldNews.com
Donations help maintain 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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by Staff Report, The Daily Bell:
When
hedge funds advertise … Jesse Eisinger, today, joins Matt Levine in
worrying about the effects of allowing hedge funds to advertise. The
all-but-certain consequence is that while the handful of excellent hedge
funds will remain highly secretive, a bunch of much less savory
characters will start hitting the airwaves with gusto. As Jesse says,
“Jacoby & Meyers advertises on television; Sullivan & Cromwell
does not.” … The big problem here is that we seem to be going from one
extreme to the other: while the restrictions on what hedge funds can say
in public have historically been too strict, they’re now going to be
far too loose. As Levine notes, hedge funds will be able to basically
say anything they like about their funds, while omitting anything they
want to omit at the same time. – Reuters
Dominant Social Theme: Once hedge funds advertise, investors may lose money.
Free-Market Analysis: Parts of the blogosphere are in full cry over allowing hedge funds to advertise. The idea is that hedge fund managers will overpromise and under-deliver.
Read More @ TheDailyBell.com
When
hedge funds advertise … Jesse Eisinger, today, joins Matt Levine in
worrying about the effects of allowing hedge funds to advertise. The
all-but-certain consequence is that while the handful of excellent hedge
funds will remain highly secretive, a bunch of much less savory
characters will start hitting the airwaves with gusto. As Jesse says,
“Jacoby & Meyers advertises on television; Sullivan & Cromwell
does not.” … The big problem here is that we seem to be going from one
extreme to the other: while the restrictions on what hedge funds can say
in public have historically been too strict, they’re now going to be
far too loose. As Levine notes, hedge funds will be able to basically
say anything they like about their funds, while omitting anything they
want to omit at the same time. – ReutersDominant Social Theme: Once hedge funds advertise, investors may lose money.
Free-Market Analysis: Parts of the blogosphere are in full cry over allowing hedge funds to advertise. The idea is that hedge fund managers will overpromise and under-deliver.
Read More @ TheDailyBell.com
from Silver Vigilante:
The Republicans might not have paid any lip service to their flirtation
with the possibility of a gold commission at the RNC, which will be
tasked with contrasting the status-quo with the implementation of a semi
or full gold standard for the US Dollar, but they have already inserted
the meme heavily into the next two months before the election. Knowing
their true calculations is difficult, although what is two months of
meme injection in an election year? Usually nothing more than a faded
memory, a broken spoken social contract between the powers that be and
the people.
Romney and Ryan: Gold Standard For America?
Such a move based on current parameters of the global economic landscape would also mean a gold standard for all nations tied to the USD. (read: all nations?) By pre-empting China or Russia on a move to a gold standard – not to put the US at stark contrast with Russia and commercial-communist China – the US could be doing itself a foreign policy favor by eclipsing such a move by a non-world reserve currency power. It would be automatic competition at the level of ideas and would most likely result in a complete rebalancing of the global economic balance. This is something of which the Pentagon must be a part servicing the overall US state-enterprise mission of full-spectrum dominance.
Read More @ Silver Vigilante
Since PMs commenced their late August surge, an avalanche of
gold standard-related articles “coincidentally” emerged – touched off
by Republican Party PROPAGANDA, on the eve of its national convention. I
ASSURE you the Republicans – nor any politicians, outside Ron
Paul – have ANY intention to formally discuss the topic, much less
launch “commissions” to investigate its merits. This is PURE political
posturing, aiming to make it appear as if Democrats have ruined the
current economy; and thus, suggesting Republicans “hypothetically”
advocate the opposite policy. Heck, I’d be surprised if more than TEN of Congress’ 535 members – Ron Paul included – have even the slightest inkling of what a “gold standard” means (and trust me, it’s NOT rocket science).
Republicans Mull Return to US Gold Standard – WSJ.com
Irrespective, the key takeaway of this “shot across the bow” is that even politicians, bankers, and journalists – i.e., the evil “Washington/Wall Street/MSM troika” that DESTROYS OUR LIVES – understand the new zeitgeist of citizens’ MISTRUST of government policy…
Read more @ MilesFranklin.com
A devastating global food crisis unlike anything we have ever seen in
modern times is coming. Crippling drought and bizarre weather patterns
have damaged food production all over the world this summer, and the UN
and the World Bank have both issued ominous warnings about the food
inflation that is coming.
To those of us in the Western world, a rise in the price of food can be a major inconvenience, but in the developing world it can mean the difference between life and death. Just remember what happened back in 2008. When food prices hit record highs it led to food riots in 28 different countries. Today, there are approximately 2 billion people that are malnourished around the globe. Even rumors of food shortages are enough to spark mass chaos in many areas of the planet. When people fear that they are not going to be able to feed their families they tend to get very desperate. That is why a recent CNN article declared that “2013 will be a year of serious global crisis“.
The Republicans might not have paid any lip service to their flirtation
with the possibility of a gold commission at the RNC, which will be
tasked with contrasting the status-quo with the implementation of a semi
or full gold standard for the US Dollar, but they have already inserted
the meme heavily into the next two months before the election. Knowing
their true calculations is difficult, although what is two months of
meme injection in an election year? Usually nothing more than a faded
memory, a broken spoken social contract between the powers that be and
the people.Romney and Ryan: Gold Standard For America?
Such a move based on current parameters of the global economic landscape would also mean a gold standard for all nations tied to the USD. (read: all nations?) By pre-empting China or Russia on a move to a gold standard – not to put the US at stark contrast with Russia and commercial-communist China – the US could be doing itself a foreign policy favor by eclipsing such a move by a non-world reserve currency power. It would be automatic competition at the level of ideas and would most likely result in a complete rebalancing of the global economic balance. This is something of which the Pentagon must be a part servicing the overall US state-enterprise mission of full-spectrum dominance.
Read More @ Silver Vigilante
by Andy Hoffman, MilesFranklin.com:
Since PMs commenced their late August surge, an avalanche of
gold standard-related articles “coincidentally” emerged – touched off
by Republican Party PROPAGANDA, on the eve of its national convention. I
ASSURE you the Republicans – nor any politicians, outside Ron
Paul – have ANY intention to formally discuss the topic, much less
launch “commissions” to investigate its merits. This is PURE political
posturing, aiming to make it appear as if Democrats have ruined the
current economy; and thus, suggesting Republicans “hypothetically”
advocate the opposite policy. Heck, I’d be surprised if more than TEN of Congress’ 535 members – Ron Paul included – have even the slightest inkling of what a “gold standard” means (and trust me, it’s NOT rocket science).Republicans Mull Return to US Gold Standard – WSJ.com
Irrespective, the key takeaway of this “shot across the bow” is that even politicians, bankers, and journalists – i.e., the evil “Washington/Wall Street/MSM troika” that DESTROYS OUR LIVES – understand the new zeitgeist of citizens’ MISTRUST of government policy…
Read more @ MilesFranklin.com
from Testosterone Pit.com:
Hope
was once again in vogue Thursday night in President Obama’s acceptance
speech, after having gone the way of the green shoots. Hope has been
swirling around the financial markets as well. The Fed keeps dangling
QE3 out in front of them. And ECB President Mario Draghi injected a
mega-dose of it with his bond-buying promise. It goosed the markets even
more and powered them to multi-year highs.
Then came the jobs report. Only 96,000 non-farm jobs had been created—assuming that number is credible, despite the statistical cosmetic surgeries that are used to beautify it. Worse, June and July were revised lower by 41,000 jobs. The unemployment rate, which dropped from 8.3% to 8.1%, is just noise, and it remains unclear if it measures anything at all. But it will be THE number, the political number, that President Obama will focus on, and if all goes according to plan, it will obligingly drop to 7.9% before the election.
But the jobs report also contained the Employment-Population Ratio. By comparing the number of employed people to all people over sixteen, it outlines in unvarnished brutality the real employment situation. And it goes back to when dirt was young.
Read More @ TestosteronePit.com
Hope
was once again in vogue Thursday night in President Obama’s acceptance
speech, after having gone the way of the green shoots. Hope has been
swirling around the financial markets as well. The Fed keeps dangling
QE3 out in front of them. And ECB President Mario Draghi injected a
mega-dose of it with his bond-buying promise. It goosed the markets even
more and powered them to multi-year highs.Then came the jobs report. Only 96,000 non-farm jobs had been created—assuming that number is credible, despite the statistical cosmetic surgeries that are used to beautify it. Worse, June and July were revised lower by 41,000 jobs. The unemployment rate, which dropped from 8.3% to 8.1%, is just noise, and it remains unclear if it measures anything at all. But it will be THE number, the political number, that President Obama will focus on, and if all goes according to plan, it will obligingly drop to 7.9% before the election.
But the jobs report also contained the Employment-Population Ratio. By comparing the number of employed people to all people over sixteen, it outlines in unvarnished brutality the real employment situation. And it goes back to when dirt was young.
Read More @ TestosteronePit.com
by Erik Wasson, The Hill:
The White House on Friday said it will miss the legal deadline for
delivering a report to Congress on the spending cuts from sequestration
that are scheduled to take effect in 2013.
Spokesman Jay Carney told reporters on Air Force One that the report will be coming next week.
Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act.
The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.
Read More @ TheHill.com
The White House on Friday said it will miss the legal deadline for
delivering a report to Congress on the spending cuts from sequestration
that are scheduled to take effect in 2013.Spokesman Jay Carney told reporters on Air Force One that the report will be coming next week.
Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act.
The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.
Read More @ TheHill.com
by Stephen Lendman, SJLendman.Blogspot.com:
Red lines, timelines, deadlines, sanctions, sabotage, subversion,
cyber attacks, assassinations, saber rattling, falsified IAEA hype, ad
nauseam warmongering, Netanyahu/Barak bluster, spurious accusations,
manipulated to fail P5+1 talks, and inflammatory headlines up the stakes
for war.
When America and Israel plan them, they’re coming. Pretexts are easy to invent. False flags precipitate them. Expect Washington to use them against Syria and Iran. War weary Americans are manipulated for more of what they want ended.
Israelis get the same hype. The region heads for rubicon trouble too risky to cross. Most Israelis and Americans oppose it, yet stay sidelined in silence.
No matter how contained or widespread, war is hell. Nuclear war is unthinkable. On September 7, Progressive Radio News Hour listeners heard Francis Boyle explain the potential deadly consequences. Discussion focused on Iran.
He said a British think tank estimated a minimum 2.8 million Iranian deaths. Radiation poisoning could kill double that number. All Israelis will be threatened. Many will die.
Read More @ SJLendman.Blogspot.com
Red lines, timelines, deadlines, sanctions, sabotage, subversion,
cyber attacks, assassinations, saber rattling, falsified IAEA hype, ad
nauseam warmongering, Netanyahu/Barak bluster, spurious accusations,
manipulated to fail P5+1 talks, and inflammatory headlines up the stakes
for war.When America and Israel plan them, they’re coming. Pretexts are easy to invent. False flags precipitate them. Expect Washington to use them against Syria and Iran. War weary Americans are manipulated for more of what they want ended.
Israelis get the same hype. The region heads for rubicon trouble too risky to cross. Most Israelis and Americans oppose it, yet stay sidelined in silence.
No matter how contained or widespread, war is hell. Nuclear war is unthinkable. On September 7, Progressive Radio News Hour listeners heard Francis Boyle explain the potential deadly consequences. Discussion focused on Iran.
He said a British think tank estimated a minimum 2.8 million Iranian deaths. Radiation poisoning could kill double that number. All Israelis will be threatened. Many will die.
Read More @ SJLendman.Blogspot.com
by Madison Ruppert, Activist Post
A devastating global food crisis unlike anything we have ever seen in
modern times is coming. Crippling drought and bizarre weather patterns
have damaged food production all over the world this summer, and the UN
and the World Bank have both issued ominous warnings about the food
inflation that is coming.To those of us in the Western world, a rise in the price of food can be a major inconvenience, but in the developing world it can mean the difference between life and death. Just remember what happened back in 2008. When food prices hit record highs it led to food riots in 28 different countries. Today, there are approximately 2 billion people that are malnourished around the globe. Even rumors of food shortages are enough to spark mass chaos in many areas of the planet. When people fear that they are not going to be able to feed their families they tend to get very desperate. That is why a recent CNN article declared that “2013 will be a year of serious global crisis“.
The truth is that we are not just facing rumors of a global food
crisis – one is actually starting to unfold right in front of our eyes.
The United States experienced the worst drought in more than 50 years
this summer, and some experts are already declaring that the weather has
been so dry for so long that tremendous damage has already been done to
next year’s crops.
Read More @ Activist Post
Because the world spends roughly a trillion dollars each year on armaments, it follows that very many people make their living from war. This is the reason why it is correct to speak of war as a social, political and economic institution, and also one of the main reasons why war persists, although everyone realizes that it is the cause of much of the suffering of humanity.
We know that war is madness, but it persists. We know that it threatens the survival of our species, but it persists, entrenched in the attitudes of historians, newspaper editors and television producers, entrenched in the methods by which politicians finance their campaigns, and entrenched in the financial power of arms manufacturers – entrenched also in the ponderous and costly hardware of war, the fleets of warships, bombers, tanks, nuclear missiles and so on.
Read More @ GlobalResearch.ca
by John Scales Avery, Global Research:
Because the world spends roughly a trillion dollars each year on armaments, it follows that very many people make their living from war. This is the reason why it is correct to speak of war as a social, political and economic institution, and also one of the main reasons why war persists, although everyone realizes that it is the cause of much of the suffering of humanity.
We know that war is madness, but it persists. We know that it threatens the survival of our species, but it persists, entrenched in the attitudes of historians, newspaper editors and television producers, entrenched in the methods by which politicians finance their campaigns, and entrenched in the financial power of arms manufacturers – entrenched also in the ponderous and costly hardware of war, the fleets of warships, bombers, tanks, nuclear missiles and so on.
Read More @ GlobalResearch.ca
by Jennifer Martinez, The Hill:
The White House is circulating a draft of an executive order aimed at protecting the country from cyberattacks, The Hill has learned.
The draft proposal, which has been sent to relevant federal agencies for feedback, is a clear sign that the administration is resolved to take action on cybersecurity even as Congress remains gridlocked on legislation that would address the threat.
The draft executive order would establish a voluntary program where companies operating critical infrastructure would elect to meet cybersecurity best practices and standards crafted, in part, by the government, according to two people familiar with the document.
Read More @ TheHill.com
The White House is circulating a draft of an executive order aimed at protecting the country from cyberattacks, The Hill has learned.
The draft proposal, which has been sent to relevant federal agencies for feedback, is a clear sign that the administration is resolved to take action on cybersecurity even as Congress remains gridlocked on legislation that would address the threat.
The draft executive order would establish a voluntary program where companies operating critical infrastructure would elect to meet cybersecurity best practices and standards crafted, in part, by the government, according to two people familiar with the document.
Read More @ TheHill.com
by Mac Slavo, SHTFPlan:
As consumer retail giants like Best Buy, which saw a 90% decline in net income in the second quarter of 2012, struggle for survival amid the worst economic crisis to hit the globe since the Great Depression of the 1930′s, there’s one industry that’s not only maintained its growth, but is showing record profits month after month.
This is no doubt a terrifying trend for those who’d prefer to “hug it out” with mass shooters or violent criminals in modern day domestic war zones like Chicago, Illinois. For the rest of us, however, it’s a no brainer considering the rising tide of crime, the potential for an economic collapse that drives society to chaos, and a political climate that would like nothing more than to see Americans be forced into defending themselves with sticks and stones.
A large number of Americans see what’s coming, and they’re taking their personal safety and protection into their own hands, as evidenced by the following chart showing gun manufacturer Smith and Wesson’s quarterly revenue growth:
Read More @ SHTFPlan.com
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As consumer retail giants like Best Buy, which saw a 90% decline in net income in the second quarter of 2012, struggle for survival amid the worst economic crisis to hit the globe since the Great Depression of the 1930′s, there’s one industry that’s not only maintained its growth, but is showing record profits month after month.
This is no doubt a terrifying trend for those who’d prefer to “hug it out” with mass shooters or violent criminals in modern day domestic war zones like Chicago, Illinois. For the rest of us, however, it’s a no brainer considering the rising tide of crime, the potential for an economic collapse that drives society to chaos, and a political climate that would like nothing more than to see Americans be forced into defending themselves with sticks and stones.
A large number of Americans see what’s coming, and they’re taking their personal safety and protection into their own hands, as evidenced by the following chart showing gun manufacturer Smith and Wesson’s quarterly revenue growth:
Read More @ SHTFPlan.com
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