by Jim Sinclair, JS Mineset:
Jim Sinclair’s CommentaryHere is a review to offset the drivel pouring out of MSM declaring “QE to Infinity” as powerless and ineffectual. Expectations of deflationary powers overpowering QE to infinity is rank madness pandered to by world class morons in, and outside our community.
My Dear Extended Family,
The final end game of QE3 to infinity, with a month or two off from time to time, will be a product of the long term viability of the Federal Reserve Balance sheet and the impact on the dollar there from.
Let’s review what has transpired and begin to look at what will happen:
1. OTC derivative manufacturers and distributors sold fraudulent paper to almost every entity as clients of the Western world financial system. Inherently the OTC derivatives manufacturers and distributors had part of the transaction on their books. No problem as long as the entire scam was a “Daisy Chain,” a connected set of transactions that has the appearance of risk but when all netted out equals almost zero.Read More @ JS Mineset
Did printing vast quantities of money work for the Weimar Republic?
Nope. And it won’t work for us either. If printing money was the
secret to economic success, we could just print up a trillion dollars
for every American and be done with it. The truth is that making
everyone in America a trillionaire would not mean that we would all
suddenly be wealthy. There would be the same amount of “real wealth” in
our economy as before. But what it would do is render our currency
meaningless and totally destroy faith in our financial system. Sadly,
we have not learned the lessons that history has tried to teach us.
Back in April 1919, it took 12 German marks to get 1 U.S. dollar. By
December 1923, it took approximately 4 trillion German marks to get 1
U.S. dollar. So was the Weimar Republic better off after all of the
“quantitative easing” that they did or worse off? Of course they were
worse off. They destroyed their currency and wrecked all confidence in
their financial system. There was an old joke that if you left a
wheelbarrow full of money sitting around in the Weimar Republic that
thieves would take the wheelbarrow and they would leave the money
behind. Will things eventually get that bad in the United States
someday?Of course we are not going to see hyperinflation in the U.S. this week or this month. But don’t think that it will never happen.
The people of Germany never thought that it would happen to them, but it did.
Read More @ TheEconomicCollpaseBlog.com
from KingWorldNews:
Today Rick Rule spoke with King World News about the current danger and frightening instability in the global financial system. Rule, who is now part of Sprott Asset Management, also noted this has created a situation where, “One party to a trade may default.” This reveals that the financial system could once again be in a 2008/2009 crisis type situation in the blink of an eye.
Here is what Rule had to say: “What’s interesting, Eric, with the world increasingly globalized, is the shocks that affect Japan don’t just affect Japan. They affect Europe and the rest of the world. We’ve seen, as an example, the follow-on impacts in 2008 when the US housing crisis tightened up inter-bank lending around the world, and that led to a psychotic break in the markets.”
Russell continues @ KingWorldNews.com
Today Rick Rule spoke with King World News about the current danger and frightening instability in the global financial system. Rule, who is now part of Sprott Asset Management, also noted this has created a situation where, “One party to a trade may default.” This reveals that the financial system could once again be in a 2008/2009 crisis type situation in the blink of an eye.
Here is what Rule had to say: “What’s interesting, Eric, with the world increasingly globalized, is the shocks that affect Japan don’t just affect Japan. They affect Europe and the rest of the world. We’ve seen, as an example, the follow-on impacts in 2008 when the US housing crisis tightened up inter-bank lending around the world, and that led to a psychotic break in the markets.”
Russell continues @ KingWorldNews.com
from TheGetjiggy:
Patrick Clawson of the influential neo-con Washington Institute for Near East Studies OPENLY and OVERTLY “suggests” that the US should provoke Iran into taking the first shot via a false flag or “covert means”.
Original full video
Washington Institute Channel
Patrick Clawson of the influential neo-con Washington Institute for Near East Studies OPENLY and OVERTLY “suggests” that the US should provoke Iran into taking the first shot via a false flag or “covert means”.
Original full video
Washington Institute Channel
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from TheSurvivalMom.com:
Knowledge is something that takes time to develop, so we need to start teaching the next generation now. In case God forbid, our children are left to fend for themselves or we are injured or even just to make your family more apt to survive, every child must learn these survival skills so they can pull their own weight and contribute as much as they can. If your family learns now to be a well oiled machine, you will be more likely to survive any type of collapse.
- Grow vegetables from seeds
- Have local edible and medicinal plant foraging skills
- Knowledge of dietary needs and how to meet them using wild plants and game
- Make a fire and know fire safety
- Cook on an open fire
- Open a can of food with and without can opener (rub can lid ridge on cement and then pry open with knife)
- Be able to tell if food is too spoiled to eat
- How to safely use a knife
- How to shoot a sling shot
- How to hunt small game with snares, traps and sling shot Read More @ TheSurvivalMom.com
Mountain House Beef Stroganoff (Google Affiliate Ad)
Nanny state is no longer on steroids, it has turned into the Incredible Hulk
by Paul Joseph Watson, InfoWars:
From people being harassed for paying by cash or having a food garden, to Americans being arrested for letting their children play outside – innumerable examples over the past few months alone illustrate that the United States is no longer a free country.
- Americans are being harassed by utility workers who are trespassing on private property and forcibly trying to install “smart” energy meters which spy on homeowners.
from RT via Alexander Higgins:
by Paul Joseph Watson, InfoWars:
From people being harassed for paying by cash or having a food garden, to Americans being arrested for letting their children play outside – innumerable examples over the past few months alone illustrate that the United States is no longer a free country.
- Americans are being harassed by utility workers who are trespassing on private property and forcibly trying to install “smart” energy meters which spy on homeowners.
- Cities are passing ordinances that
makes recycling compulsory from, with those who fail to comply under
threat of fines up to $2500 dollars. In Cleveland, people who fail to
recycle are flagged by the RFID chip embedded in their trash can, added
to a database and then targeted by green cops who are dispatched to intimidate homeowners.
Read More @ InfoWars.comMadrid Police Turn On Crowd, Protestors Drop Kick Cop After Watching Friends Get Beaten With Battons
Julian Philips argues that the concept of a currency as a measure of value has now departed completely.
by Julian Philips, MineWeb.com
In 1971 President Nixon closed the window that allowed U.S. dollars to be sold for gold owned by the U.S. Just before that, the price of gold was $35 an ounce. Since then gold has been called a ‘barbarous relic’, a term used by Keynes, the famous economist.
From that time on, the world’s currencies stood merely on the confidence their governments engendered and the control they exercised over international financial dealings of all kinds. That confidence lasted until 2007 when the credit crunch brought government financing on both sides of the Atlantic into question. Up until now the performance of the underlying value of currencies has hidden these questions as exchange rates are adequately ‘managed’ through swap arrangements to stabilize exchange rate movements to the extent that violent moves don’t happen. But the real value of currencies in terms of their real solvency is now a matter of open debate. As of now, relative to the amount of gold available to markets, the price of gold is the only measure of value that currencies can be held to. We look at that and look at the conditions that are determining the value of currencies now and in the future.
Read More @ MineWeb.com
[Ed. Note: 176 CHILDREN. 176 CHILDREN. 176 CHILDREN!!!]
from MOXNEWSd0tC0M:
by Julian Philips, MineWeb.com
In 1971 President Nixon closed the window that allowed U.S. dollars to be sold for gold owned by the U.S. Just before that, the price of gold was $35 an ounce. Since then gold has been called a ‘barbarous relic’, a term used by Keynes, the famous economist.
From that time on, the world’s currencies stood merely on the confidence their governments engendered and the control they exercised over international financial dealings of all kinds. That confidence lasted until 2007 when the credit crunch brought government financing on both sides of the Atlantic into question. Up until now the performance of the underlying value of currencies has hidden these questions as exchange rates are adequately ‘managed’ through swap arrangements to stabilize exchange rate movements to the extent that violent moves don’t happen. But the real value of currencies in terms of their real solvency is now a matter of open debate. As of now, relative to the amount of gold available to markets, the price of gold is the only measure of value that currencies can be held to. We look at that and look at the conditions that are determining the value of currencies now and in the future.
Read More @ MineWeb.com
[Ed. Note: 176 CHILDREN. 176 CHILDREN. 176 CHILDREN!!!]
from MOXNEWSd0tC0M:
from TheAlexJonesChannel:
Alex welcomes guest Carl Mayer, the attorney representing American Pulitzer Prize-winning journalist Chris Hedges in his legal battle to keep President Obama’s power to send US citizens to military prisons without right to trial or attorney, or NDAA privilege, at bay.
Alex welcomes guest Carl Mayer, the attorney representing American Pulitzer Prize-winning journalist Chris Hedges in his legal battle to keep President Obama’s power to send US citizens to military prisons without right to trial or attorney, or NDAA privilege, at bay.
by Tiffany Craig & Andrew Horanksky, KHOU 11 News:
The FBI has joined the investigation into the weekend shooting of an unarmed double amputee by a Houston police officer.
According to police, Claunch had an object in his hand and ignored the officers’ repeated commands to drop it. When he cornered one of the officers in his wheelchair and tried to stab him with the object, Marin shot and killed Claunch.
That’s when they they discovered the object Claunch had been wielding was a silver pen.
“It was a guy without an arm, without a leg, in a wheelchair with a pen in his hand, gets shot in the head and killed that’s insane,” said Randall Kallinen, a civil rights attorney and member of Greater Houston Coalition for Justice.
Read More @ khou.com
The FBI has joined the investigation into the weekend shooting of an unarmed double amputee by a Houston police officer.
According to police, Claunch had an object in his hand and ignored the officers’ repeated commands to drop it. When he cornered one of the officers in his wheelchair and tried to stab him with the object, Marin shot and killed Claunch.
That’s when they they discovered the object Claunch had been wielding was a silver pen.
“It was a guy without an arm, without a leg, in a wheelchair with a pen in his hand, gets shot in the head and killed that’s insane,” said Randall Kallinen, a civil rights attorney and member of Greater Houston Coalition for Justice.
Read More @ khou.com
from RTAmerica:
The Reporters Committee for Freedom of the Press is asking the US Supreme Court to allow the media and other parties to challenge the Foreign Intelligence Surveillance Act (FISA). Under amendments made to the legislation in 2008, the government is allowed to monitor international communications even if the person on one end s in the US. The group says the law strains their relationship with sources, and Gregg P. Leslie of the RCFP joins us for more.
The Reporters Committee for Freedom of the Press is asking the US Supreme Court to allow the media and other parties to challenge the Foreign Intelligence Surveillance Act (FISA). Under amendments made to the legislation in 2008, the government is allowed to monitor international communications even if the person on one end s in the US. The group says the law strains their relationship with sources, and Gregg P. Leslie of the RCFP joins us for more.
[Ed. Note:
Thanks to SGTreport reader Joe for this link. Walter Burien is the man
who shed light on the "second set of books" that hide the trillions in
real wealth of local and state governments; Comprehensive Annual
Financial Reports.]
by Walter Burien, CAFR1:
People seem to forget that the dollar’s barter exchange value has been circulated for decades and hundreds of trillions of dollars worth of products and commodities have changed hands through the use of dollars every decade. The fact that the dollar is “just” an exchange barter tool since 1963 (the date when they pulled the coinage in circulation taking the silver and gold out of the public’s hands) has not changed.
Does anyone think the massive expansion of the economy would have taken place using gold as the barter tool over the same time period?
Individual’s assets in 1955 were rather sparse and bare compared to the individual’s assets today. Inflation has taken root over the last 20 years due to the spiral of run-away growth and the effect of greed and unethical oppertunity applied from and due to the boom periods where cash flowed as king and as time went by he who could cheat the other guy first walked with the kingdom of the booty. (within government expansion the before mentioned was done quite well)
The ethical and honest were pushed to the shadows to be ignored and the greedy opportunists walked with the booty and became the power base who now called the shots.
Per gold, what we are seeing at this time is the culmination of the “50 year plan” .
Read More @ CAFR1.com
by Walter Burien, CAFR1:
People seem to forget that the dollar’s barter exchange value has been circulated for decades and hundreds of trillions of dollars worth of products and commodities have changed hands through the use of dollars every decade. The fact that the dollar is “just” an exchange barter tool since 1963 (the date when they pulled the coinage in circulation taking the silver and gold out of the public’s hands) has not changed.
Does anyone think the massive expansion of the economy would have taken place using gold as the barter tool over the same time period?
Individual’s assets in 1955 were rather sparse and bare compared to the individual’s assets today. Inflation has taken root over the last 20 years due to the spiral of run-away growth and the effect of greed and unethical oppertunity applied from and due to the boom periods where cash flowed as king and as time went by he who could cheat the other guy first walked with the kingdom of the booty. (within government expansion the before mentioned was done quite well)
The ethical and honest were pushed to the shadows to be ignored and the greedy opportunists walked with the booty and became the power base who now called the shots.
Per gold, what we are seeing at this time is the culmination of the “50 year plan” .
Read More @ CAFR1.com
from TheDailyBell.com
Bundesbank castigates IMF for saving Europe … Germany’s central bank has launched a blistering attack on the International Monetary Fund, accusing officials of spraying around money like confetti and overstepping their legal mandate. The Bundesbank said the IMF was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a ‘watering down’ of standards. “The IMF is evolving from a liquidity mechanism into a bank. This is neither in keeping with the legal and institutional role of the IMF or with its ability to handle risks,” said the Bundesbank in its monthly report. The bank said the Fund was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a “watering down” of standards. The scale of loans risks “overwhelming the IMF’s institutional structure”. – Telegraph
Dominant Social Theme: The IMF is doing what it needs to do.
Free-Market Analysis: We have pointed out in numerous articles that the authoritarian evolution of the EU seems planned. In the past, top EU officials made plain statements that various crises could precipitate a political union.
These people are not stupid. They are living and breathing the creation of a super-state and having created it they know full well the realities of it and its limitations.
Read More @ TheDailyBell.com
Bundesbank castigates IMF for saving Europe … Germany’s central bank has launched a blistering attack on the International Monetary Fund, accusing officials of spraying around money like confetti and overstepping their legal mandate. The Bundesbank said the IMF was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a ‘watering down’ of standards. “The IMF is evolving from a liquidity mechanism into a bank. This is neither in keeping with the legal and institutional role of the IMF or with its ability to handle risks,” said the Bundesbank in its monthly report. The bank said the Fund was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a “watering down” of standards. The scale of loans risks “overwhelming the IMF’s institutional structure”. – Telegraph
Dominant Social Theme: The IMF is doing what it needs to do.
Free-Market Analysis: We have pointed out in numerous articles that the authoritarian evolution of the EU seems planned. In the past, top EU officials made plain statements that various crises could precipitate a political union.
These people are not stupid. They are living and breathing the creation of a super-state and having created it they know full well the realities of it and its limitations.
Read More @ TheDailyBell.com
from Jesse’s Café Américain:
We will all swallow our cup of corporate poison. We can take it from nurse Romney, who will tell us not to whine and play the victim, or we can take it from nurse Obama, who will assure us that this hurts him even more than it hurts us, but one way or another the corporate hemlock will be shoved down our throats. The choice before us is how it will be administered.
Corporate power, no matter who is running the ward after January 2013, is poised to carry out U.S. history’s most savage assault against the poor and the working class, not to mention the Earth’s ecosystem. And no one in power, no matter what the bedside manner, has any intention or ability to stop it.
If you insist on participating in the cash-drenched charade of a two-party democratic election at least be clear about what you are doing. You are, by playing your assigned role as the Democratic or Republican voter in this political theater, giving legitimacy to a corporate agenda that means your own impoverishment and disempowerment.
Read More @ Jesse’s Café Américain:
We will all swallow our cup of corporate poison. We can take it from nurse Romney, who will tell us not to whine and play the victim, or we can take it from nurse Obama, who will assure us that this hurts him even more than it hurts us, but one way or another the corporate hemlock will be shoved down our throats. The choice before us is how it will be administered.
Corporate power, no matter who is running the ward after January 2013, is poised to carry out U.S. history’s most savage assault against the poor and the working class, not to mention the Earth’s ecosystem. And no one in power, no matter what the bedside manner, has any intention or ability to stop it.
If you insist on participating in the cash-drenched charade of a two-party democratic election at least be clear about what you are doing. You are, by playing your assigned role as the Democratic or Republican voter in this political theater, giving legitimacy to a corporate agenda that means your own impoverishment and disempowerment.
Read More @ Jesse’s Café Américain:
A fiscal horror is unfolding on the president’s watch, yet few seem concerned
by Jeff Randall, The Telegraph:
For those of us who admire the United States and are hoping it will rediscover economic virtue and the road to recovery, last week was particularly unsettling. Both sides in the fight for the White House displayed an ignorance of fiscal issues more usually associated with contestants in a pub quiz. It was intriguing, however, that while Mitt Romney’s blunder made headlines across the globe, Barack Obama’s seemed not to disturb America’s mainstream media and went largely unreported beyond the US. The difference was that, whereas Mitt Romney impugned the integrity of millions of fellow citizens, dismissing 47 per cent of them as scroungers, the president merely insulted the nation’s collective intelligence – and almost no one seemed to care.
Asked by David Letterman on The Late Show to explain all those zeros on America’s debt clock, displayed at the Republicans’ convention, Obama replied: “I don’t remember what the number was, precisely.”
Read More @ Telegraph.co.uk
from silver investor.com:
by Jeff Randall, The Telegraph:
For those of us who admire the United States and are hoping it will rediscover economic virtue and the road to recovery, last week was particularly unsettling. Both sides in the fight for the White House displayed an ignorance of fiscal issues more usually associated with contestants in a pub quiz. It was intriguing, however, that while Mitt Romney’s blunder made headlines across the globe, Barack Obama’s seemed not to disturb America’s mainstream media and went largely unreported beyond the US. The difference was that, whereas Mitt Romney impugned the integrity of millions of fellow citizens, dismissing 47 per cent of them as scroungers, the president merely insulted the nation’s collective intelligence – and almost no one seemed to care.
Asked by David Letterman on The Late Show to explain all those zeros on America’s debt clock, displayed at the Republicans’ convention, Obama replied: “I don’t remember what the number was, precisely.”
Read More @ Telegraph.co.uk
from silver investor.com:
from Reuters via CNBC:
Greece may seek a rollover of its bonds held by the European Central Bank or try to raise additional short-term debt to plug a possible financing gap in the coming years, a deputy finance minister said in a document released on Tuesday.
Greece’s conservative-led government has already admitted that the country is off-track in meeting the terms of its bailout, and European Union officials have speculated that the nation might need a second debt restructuring to get back on track.
Greece may seek a rollover of its bonds held by the European Central Bank or try to raise additional short-term debt to plug a possible financing gap in the coming years, a deputy finance minister said in a document released on Tuesday.
Greece’s conservative-led government has already admitted that the country is off-track in meeting the terms of its bailout, and European Union officials have speculated that the nation might need a second debt restructuring to get back on track.
If Greece’s budget gap
or privatization revenue falls short of the targets set out in its
second bailout, the country might face a financing gap, deputy finance
minister Christos Staikouras said in a written response to a lawmaker
dated Sept. 19. He did not specify how big that gap might be.
Read More @ CNBC
by Patrick A. Heller, Numismaster.com:
In my June 5 Numismaster column, I advised readers to dispose of their 10-ounce and larger gold bars and replace them with 1 ounce or smaller coins or bars. The reason for my recommendation was that the specter of possible tungsten-filled bars could make the larger bars illiquid and unsalable unless they were melted down.
In the past week there have been significant discoveries of tungsten-filled 10-ounce PAMP Suisse gold bars in dealer inventories in Manhattan. According to the most recent New York Post reports, at least 10 such bars have now been found.
Pictures of two of these tungsten-filled bars are posted online at http://www.zerohedge.com/news/2012-09-23/gold-counterfeiting-goes-viral-10-tungsten-filled-gold-bars-are-discovered-manhattan.
Upon viewing these pictures, I have several questions. First, the previously reported tungsten-filled gold bars had holes drilled in the side to remove roughly half the gold. Then tungsten plugs filled these holes and a pure gold plug sealed the bar.
Read More @ Numismaster.com
In my June 5 Numismaster column, I advised readers to dispose of their 10-ounce and larger gold bars and replace them with 1 ounce or smaller coins or bars. The reason for my recommendation was that the specter of possible tungsten-filled bars could make the larger bars illiquid and unsalable unless they were melted down.
In the past week there have been significant discoveries of tungsten-filled 10-ounce PAMP Suisse gold bars in dealer inventories in Manhattan. According to the most recent New York Post reports, at least 10 such bars have now been found.
Pictures of two of these tungsten-filled bars are posted online at http://www.zerohedge.com/news/2012-09-23/gold-counterfeiting-goes-viral-10-tungsten-filled-gold-bars-are-discovered-manhattan.
Upon viewing these pictures, I have several questions. First, the previously reported tungsten-filled gold bars had holes drilled in the side to remove roughly half the gold. Then tungsten plugs filled these holes and a pure gold plug sealed the bar.
Read More @ Numismaster.com
by Harvey Organ, HarveyOrgan.Blogspot.ca:
Gold closed up by $1.80 to $1763.80. Silver finished the comex session at $33.89 down 3 cents.
The bankers always raid gold and silver after the active month of either silver or gold goes off the board.
They try to influence holders of longs not to take possession of physical metal. This has been their modus operandi for many years. As far as news is concerned, Spain was the victim of violent rioting on the streets as citizens oppose austerity. Besides a massive run on all of its banks, Spain saw a huge reduction of 4.6% in tax receipts. This was accompanied by a huge 8.9% rise in government expenditures for the first 8 months of the fiscal year. In Greece we hear that one out of 3 businesses are shuttered. The row between China and Japan escalate with a new player, Taiwan, enters the picture. We will cover all of these stories plus others but first …………
Let us now head over to the comex and assess trading today.
Read More @ HarveyOrgan.Blogspot.ca
Gold closed up by $1.80 to $1763.80. Silver finished the comex session at $33.89 down 3 cents.
The bankers always raid gold and silver after the active month of either silver or gold goes off the board.
They try to influence holders of longs not to take possession of physical metal. This has been their modus operandi for many years. As far as news is concerned, Spain was the victim of violent rioting on the streets as citizens oppose austerity. Besides a massive run on all of its banks, Spain saw a huge reduction of 4.6% in tax receipts. This was accompanied by a huge 8.9% rise in government expenditures for the first 8 months of the fiscal year. In Greece we hear that one out of 3 businesses are shuttered. The row between China and Japan escalate with a new player, Taiwan, enters the picture. We will cover all of these stories plus others but first …………
Let us now head over to the comex and assess trading today.
Read More @ HarveyOrgan.Blogspot.ca
by Susanne Posel, Occupy Corporatism:
Most of the legislation threatening freedom and privacy on the internet
have fallen to the wayside. SOPA, PIPA, ACTA Treaty, and the
Cybersecurity Act of 2012 recently voted down by the Congress appeared to be a victory for continued free-flow use of the World Wide Web.
But most of us have been asleep at the wheel, because the Obama administration has been quietly putting into place a much bigger control grid. . .
Welcome to US Ignite – the government-sponsored and controlled internet which is the only version of the internet you can use.
In June of this year, President Obama signed the executive order entitled Accelerating Broadband Infrastructure Deployment which supposed to “facilitate broadband deployment on Federal lands, buildings, and rights of way, federally assisted highways, and tribal and individual Indian trust lands (tribal lands), particularly in underserved communities.” However, with the EO came the creation of US Ignite , which is a 6 year plan to create private-public partnerships (PPP) with the areas a “national security”; as defined:
Read More @ OccupyCorporatism.com
Most of the legislation threatening freedom and privacy on the internet
have fallen to the wayside. SOPA, PIPA, ACTA Treaty, and the
Cybersecurity Act of 2012 recently voted down by the Congress appeared to be a victory for continued free-flow use of the World Wide Web.But most of us have been asleep at the wheel, because the Obama administration has been quietly putting into place a much bigger control grid. . .
Welcome to US Ignite – the government-sponsored and controlled internet which is the only version of the internet you can use.
In June of this year, President Obama signed the executive order entitled Accelerating Broadband Infrastructure Deployment which supposed to “facilitate broadband deployment on Federal lands, buildings, and rights of way, federally assisted highways, and tribal and individual Indian trust lands (tribal lands), particularly in underserved communities.” However, with the EO came the creation of US Ignite , which is a 6 year plan to create private-public partnerships (PPP) with the areas a “national security”; as defined:
Read More @ OccupyCorporatism.com
from, Bullion Street:
Colombian drug mafia has successfully replaced cocoa with gold as their main source of income.
Reports said guerrillas from the Revolutionary Armed Forces of Colombia (Farc) were well placed to profit from illegal gold mining.
Analysts said the mafia is making an estimated $450,000 a week from illegal gold mining and millions of people, especially indigenous tribes have been thrown out of their homes as a result.
The influence of the mafia has become so great that around 86 percent of the gold mined in Colombia comes from illegal sources that do not conform to environmental standards.
The guerrillas are not just extorting money but running some mining operations themselves or demanding a percentage of all production.
Read More @ BullionStreet.com
Colombian drug mafia has successfully replaced cocoa with gold as their main source of income.Reports said guerrillas from the Revolutionary Armed Forces of Colombia (Farc) were well placed to profit from illegal gold mining.
Analysts said the mafia is making an estimated $450,000 a week from illegal gold mining and millions of people, especially indigenous tribes have been thrown out of their homes as a result.
The influence of the mafia has become so great that around 86 percent of the gold mined in Colombia comes from illegal sources that do not conform to environmental standards.
The guerrillas are not just extorting money but running some mining operations themselves or demanding a percentage of all production.
Read More @ BullionStreet.com
by Patrick Henningsen, 21st Century Wire:
I am not one for playing sides in party politics, and this year’s highly uninteresting and vapid US Presidential race-to-the-death will certainly not change my feelings on partisanship.
When I was a child, I remember my first airline flight. It was on a Delta 747. On my way into the cabin the pilot kindly gave me a miniature model Delta plane. I recognized it immediately, knowing full well that it was about the coolest thing a kid could’ve had at that time in his life. Before take-off, I found a thick white paper bag in the magazine pocket in front of my seat. It had an odd wax coating around the interior. Then my father informed me what it was – a sick bag. For a 7 yr old, an airplane was probably the coolest place one could possibly be. “Why would anyone need a sick bag”, I thought.
Here’s one possibility…
Read More @ 21st Century Wire.com
I am not one for playing sides in party politics, and this year’s highly uninteresting and vapid US Presidential race-to-the-death will certainly not change my feelings on partisanship.
When I was a child, I remember my first airline flight. It was on a Delta 747. On my way into the cabin the pilot kindly gave me a miniature model Delta plane. I recognized it immediately, knowing full well that it was about the coolest thing a kid could’ve had at that time in his life. Before take-off, I found a thick white paper bag in the magazine pocket in front of my seat. It had an odd wax coating around the interior. Then my father informed me what it was – a sick bag. For a 7 yr old, an airplane was probably the coolest place one could possibly be. “Why would anyone need a sick bag”, I thought.
Here’s one possibility…
Read More @ 21st Century Wire.com
by Bill Holter, MilesFranklin.com:
If you go back in time 50 years ago, nearly everything was 180 degrees
backward to what we have today. We had an economy that “made things”.
In fact, we made more things and made them with better quality than any
other country in the world. “Made in Japan” meant that the product was
cheaply made and would break easily. Now, can you imagine working on
your car with a typical ratchet set made in America? Good luck if you
have a frozen bolt. Cars made in Detroit were the envy of the world,
now if you want real quality, it is a Japanese, German or South Korean
car you’ll be looking at.
A good job, one where just the father of the household could support the whole family meant working in a factory, driving a truck or working a trade. A weekly salary could provide the basics for a family of 4. “Food stamps?” What were those? Do you remember the stigma attached and the embarrassment? Unemployment? Back then, unemployment meant a chance at finding a better job than the one you left. Money was “real” (sort of) and it went far enough to just barely finish out the month with enough left over to put some away into a coin jar so the family could take vacation in the summer.
Read more @ MilesFranklin.com
If you go back in time 50 years ago, nearly everything was 180 degrees
backward to what we have today. We had an economy that “made things”.
In fact, we made more things and made them with better quality than any
other country in the world. “Made in Japan” meant that the product was
cheaply made and would break easily. Now, can you imagine working on
your car with a typical ratchet set made in America? Good luck if you
have a frozen bolt. Cars made in Detroit were the envy of the world,
now if you want real quality, it is a Japanese, German or South Korean
car you’ll be looking at.A good job, one where just the father of the household could support the whole family meant working in a factory, driving a truck or working a trade. A weekly salary could provide the basics for a family of 4. “Food stamps?” What were those? Do you remember the stigma attached and the embarrassment? Unemployment? Back then, unemployment meant a chance at finding a better job than the one you left. Money was “real” (sort of) and it went far enough to just barely finish out the month with enough left over to put some away into a coin jar so the family could take vacation in the summer.
Read more @ MilesFranklin.com
by Paul Mozur, WSJ:
BEIJING—A fight at a northern Chinese factory campus owned by major
Apple Inc. supplier Hon Hai Precision Industry Co. escalated into
larger-scale unrest early Monday, according to the company and local
police.
A spokesman for Hon Hai’s Foxconn Technology Group arm said the situation was “under control,” but added that the plant would be shut for Monday. “Our decision is to take a day off for that particular plant today,” said the spokesman, Louis Woo.
An investigation into the cause of the riots, which left 10 injured, is being carried out, according to a report from China’s state-run Xinhua news agency. A local Public Security Bureau officer confirmed that there were “problems” at the plant overnight and that the police were dealing with the situation.
Mr. Woo wouldn’t say how many people were involved, but workers at the plant contacted over the Internet estimated several hundred to several thousand employees were involved.
The plant, located in Taiyuan in China’s Shanxi province, employs 79,000 workers, Mr. Woo said.
Read More @ WSJ.com
Read More @ Mises.ca
Hey, Obama Lovers, now that our Ambassador is dead, our Benghazi
consulate is a smoldering ruin, and its top secret documents have been
snatched by Al Qaeda, do you still think your hero’s Libyan war is a
smashing success?
Because I sure do. Not from America’s point of view, of course; it’s a nightmare for our national security.
But from the perspective of Obama’s biggest donor, the convicted felon and renowned Israel-hater George Soros, the Libyan War is a triumph. Why? Because Obama waged it illegally and without the consent of Congress. And he did it in the name of the political philosophy that Soros bought and paid for: Responsibility to Protect, or, as it’s so zippily dubbed by our global elites, R2P.
Let’s lay the big facts on the table: Soros paid a flame-haired foreign policy vixen named Samantha Power to develop and popularize Responsibility to Protect (R2P) as a catchy tool to invade countries that he feels like invading.
Read More @ AmericanThinker.com
BEIJING—A fight at a northern Chinese factory campus owned by major
Apple Inc. supplier Hon Hai Precision Industry Co. escalated into
larger-scale unrest early Monday, according to the company and local
police.A spokesman for Hon Hai’s Foxconn Technology Group arm said the situation was “under control,” but added that the plant would be shut for Monday. “Our decision is to take a day off for that particular plant today,” said the spokesman, Louis Woo.
An investigation into the cause of the riots, which left 10 injured, is being carried out, according to a report from China’s state-run Xinhua news agency. A local Public Security Bureau officer confirmed that there were “problems” at the plant overnight and that the police were dealing with the situation.
Mr. Woo wouldn’t say how many people were involved, but workers at the plant contacted over the Internet estimated several hundred to several thousand employees were involved.
The plant, located in Taiyuan in China’s Shanxi province, employs 79,000 workers, Mr. Woo said.
Read More @ WSJ.com
by James E. Miller, Mises:
Perusing the New York Times editorial
page on any given day should give any reader of average intelligence
the indication that only zombies of men aimlessly barking one liners of
“tax the rich” and “support the middle class” actually take the writing
seriously. Certainly some of the paper’s frequent writers add a bit of
wit between their leftist rant. Yet the overall message remains the
same: the state knows best. From welfare to warfare, the propaganda
machine is in full effect seven days a week. Even much of the Grey
Lady’s reporting was revealedto
be done only with the permission of the White House last July.
Apparently the “newspaper of record” is only allowed to recite what is
deemed acceptable for the much-too-impressionable public.
Judging from the recent slew of exclusive reporting on President Obama’s vile and dictatorial counter-terrorism strategies, the New York Times looks to be the administration’s preferred mouthpiece when it can’t legally speak on its own. Read More @ Mises.ca
Hey, Obama Lovers, now that our Ambassador is dead, our Benghazi
consulate is a smoldering ruin, and its top secret documents have been
snatched by Al Qaeda, do you still think your hero’s Libyan war is a
smashing success?Because I sure do. Not from America’s point of view, of course; it’s a nightmare for our national security.
But from the perspective of Obama’s biggest donor, the convicted felon and renowned Israel-hater George Soros, the Libyan War is a triumph. Why? Because Obama waged it illegally and without the consent of Congress. And he did it in the name of the political philosophy that Soros bought and paid for: Responsibility to Protect, or, as it’s so zippily dubbed by our global elites, R2P.
Let’s lay the big facts on the table: Soros paid a flame-haired foreign policy vixen named Samantha Power to develop and popularize Responsibility to Protect (R2P) as a catchy tool to invade countries that he feels like invading.
Read More @ AmericanThinker.com
Investigator says protesters have phones scanned, identity logged by authorities as a matter of course
by Steve Watson, InfoWars:
A prominent private investigator operating out of New York and Texas has noted that anyone engaging in any large scale protest, is now subjected to scanning by drones that skim their personal information from their cell phones.
In a talk entited “Privacy is dead”, pi Steven Rambam told an audience of hackers and privacy activists at HOPE 9 in New York recently that the authorities have the capability to extract real-time data on individuals by “surveying” their electronic devices, and do so as a matter of routine.
Rambam, who has conducted several thousand missing-person searches over almost three decades, claims that the practice is considered a “legitimate investigatory technique”, and that anyone who protested with the Occupy Wall Street movement would have been subjected to it.
“One of the biggest changes is the ability to track your physical location.” Rambam told the crowd.
Read More @ InfoWars.com
by Steve Watson, InfoWars:
A prominent private investigator operating out of New York and Texas has noted that anyone engaging in any large scale protest, is now subjected to scanning by drones that skim their personal information from their cell phones.
In a talk entited “Privacy is dead”, pi Steven Rambam told an audience of hackers and privacy activists at HOPE 9 in New York recently that the authorities have the capability to extract real-time data on individuals by “surveying” their electronic devices, and do so as a matter of routine.
Rambam, who has conducted several thousand missing-person searches over almost three decades, claims that the practice is considered a “legitimate investigatory technique”, and that anyone who protested with the Occupy Wall Street movement would have been subjected to it.
“One of the biggest changes is the ability to track your physical location.” Rambam told the crowd.
Read More @ InfoWars.com
by Mike Shedlock, Global Economic Analysis:
The financial world cheered when Bernanke announced QE3 until it works
(which is essentially forever, because it never will work).
Bruce Stewart, writing for the Winnipeg Free Press, is one of few who figured out QE for what it really is: A Beggar-Thy-Neighbor competitive currency debasement policy hoping to sink the US dollar.
Not that QE would work anyway, but one problem for Bernanke, is most of the rest of the world is doing the same thing.
Please consider Bernanke declares war on Canadian economy
The financial world cheered when Bernanke announced QE3 until it works
(which is essentially forever, because it never will work).Bruce Stewart, writing for the Winnipeg Free Press, is one of few who figured out QE for what it really is: A Beggar-Thy-Neighbor competitive currency debasement policy hoping to sink the US dollar.
Not that QE would work anyway, but one problem for Bernanke, is most of the rest of the world is doing the same thing.
Please consider Bernanke declares war on Canadian economy
Did you smile or cheer when U.S. Federal Reserve Chairman Ben Bernanke announced Quantitative Easing III (and the markets went up)? He just declared war on your job, and the whole Canadian economy.Read More @ GlobalEconomicAnalysis.blogspot.com
Of course, so did the European Central Bank, the central bank of the Peoples’ Republic of China and others.
from KingWorldNews:
The Godfather of newsletter writers, Richard Russell, had a great deal
to say about gold, the fiscal cliff, stocks, and a collapsing sector.
Here is what Russell had in his latest report: “The US faces a one
trillion dollar debt. How will the US get the money to pay off this
frightening deficit? The Fed will buy mortgage-backed securities from
the banks at the rate of $40 billion a month, thus re-liquifying the
banks. The banks will then spend the money on Treasury bonds.”
“Thus, the Fed will accomplish a few things — the banks will be rendered more liquid, and the Dow and mortgage-backed securities will probably be lifted. But what happens when the banks are cleared of all their mortgage-backed securities? Maybe the Fed will buy straight mortgages, I don’t know, and I’m not sure that the Fed knows. Maybe the Fed just wants to sneak by the election, and later they’ll address the problems.
Meanwhile, the Fed will continue to talk up the economy. But I believe it’s the Transports that are telling us the real story regarding the US economy — and to put it politely, the Transport have been crashing. Question — could the real story about the US economy be that the US economy has been crashing too?
Russell continues @ KingWorldNews.com
The Godfather of newsletter writers, Richard Russell, had a great deal
to say about gold, the fiscal cliff, stocks, and a collapsing sector.
Here is what Russell had in his latest report: “The US faces a one
trillion dollar debt. How will the US get the money to pay off this
frightening deficit? The Fed will buy mortgage-backed securities from
the banks at the rate of $40 billion a month, thus re-liquifying the
banks. The banks will then spend the money on Treasury bonds.”“Thus, the Fed will accomplish a few things — the banks will be rendered more liquid, and the Dow and mortgage-backed securities will probably be lifted. But what happens when the banks are cleared of all their mortgage-backed securities? Maybe the Fed will buy straight mortgages, I don’t know, and I’m not sure that the Fed knows. Maybe the Fed just wants to sneak by the election, and later they’ll address the problems.
Meanwhile, the Fed will continue to talk up the economy. But I believe it’s the Transports that are telling us the real story regarding the US economy — and to put it politely, the Transport have been crashing. Question — could the real story about the US economy be that the US economy has been crashing too?
Russell continues @ KingWorldNews.com
by J.D. Heyes, Natural News:
Blasting hordes of attacking zombies to bits is the stuff of fantasy movies and video games, right?
Apparently not, according to recent reports which say that a California-based security firm called the HALO Corp. will incorporate training on how to fight the undead during a counter-terrorism summit Oct. 29-Nov.2 that is expected to draw 1,000 participants from the military and law enforcement agencies, as well as medical personnel and government workers, NBC News reported.
“The Zombie Apocalypse is very whimsical,” said Brad Barker, president of HALO, who said the addition of zombies to the curriculum is intended to add a little levity to otherwise extremely important, and more dire, scenarios, MilitaryTimes.com reported.
The company was founded by former special operations, national security and intelligence personnel. The five-day annual summit will be held at the firm’s 44-acre Paradise Point resort island off San Diego’s Mission Bay.
Read More @ NaturalNews.com
Blasting hordes of attacking zombies to bits is the stuff of fantasy movies and video games, right?Apparently not, according to recent reports which say that a California-based security firm called the HALO Corp. will incorporate training on how to fight the undead during a counter-terrorism summit Oct. 29-Nov.2 that is expected to draw 1,000 participants from the military and law enforcement agencies, as well as medical personnel and government workers, NBC News reported.
“The Zombie Apocalypse is very whimsical,” said Brad Barker, president of HALO, who said the addition of zombies to the curriculum is intended to add a little levity to otherwise extremely important, and more dire, scenarios, MilitaryTimes.com reported.
The company was founded by former special operations, national security and intelligence personnel. The five-day annual summit will be held at the firm’s 44-acre Paradise Point resort island off San Diego’s Mission Bay.
Read More @ NaturalNews.com
by Dan Denning, Daily Reckoning.com.au:
Here at Rancho Santana, the first impression that strikes most folks
is the raw beauty of the place. This little jewel on the Pacific coast
of Nicaragua is a paradise that continuously delights all five senses.
But you cannot reach this paradise without passing through Managua, where the first impression that strikes most folks is not the raw beauty of the place. Raw poverty is more likely to be the first impression…or at least one of the first impressions.
In short, Nicaragua is a beautiful country with lots of poor people. The United States is also a beautiful country…and it also has lots of poor people. But the similarities end there. Contrasts are much easier to come by.
While playing around with some numbers on the back of a Rancho Santana cocktail napkin, we stumbled upon some shocking contrasts between Nicaragua and the US – shocking to us, at least.
Read More @ DailyReckoning.com.au
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help defray the operational costs. Paypal, a leading provider of secure online money transfers, will handle the donations. Thank you for your contribution.
Here at Rancho Santana, the first impression that strikes most folks
is the raw beauty of the place. This little jewel on the Pacific coast
of Nicaragua is a paradise that continuously delights all five senses. But you cannot reach this paradise without passing through Managua, where the first impression that strikes most folks is not the raw beauty of the place. Raw poverty is more likely to be the first impression…or at least one of the first impressions.
In short, Nicaragua is a beautiful country with lots of poor people. The United States is also a beautiful country…and it also has lots of poor people. But the similarities end there. Contrasts are much easier to come by.
While playing around with some numbers on the back of a Rancho Santana cocktail napkin, we stumbled upon some shocking contrasts between Nicaragua and the US – shocking to us, at least.
Read More @ DailyReckoning.com.au
Total Donations over the last 3 1/2 years. approx $165.00 (Thank You). Donations will help 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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