by Jim Sinclair, JS Mineset:
My Dear Extended Family,
This is major rumor control that I feel you must understand if you are to know gold.
I am sick of all this confiscation talk of gold and even gold companies. It emanates from gold people who do not know or understand the history of gold. We condemn MSM for inaccurate, false and misleading news. I condemn gold writers who practice sensationalism, who offer their opinions as if they were facts and simply make things up out of thin air as if they were insiders privy to things that no one else is. Right now leaders of this community are printing stuff as misleading as MOPE or MSM ever have.
Apparently the Scottish hedge fund manager Hendrey, who is by his own admission “short some gold shares,” is warning about confiscation without remuneration of gold companies above gold $3000. Either he has never studied gold history, or totally misunderstood its role in the 1930s.
Read More @ JS Mineset
My Dear Extended Family,This is major rumor control that I feel you must understand if you are to know gold.
I am sick of all this confiscation talk of gold and even gold companies. It emanates from gold people who do not know or understand the history of gold. We condemn MSM for inaccurate, false and misleading news. I condemn gold writers who practice sensationalism, who offer their opinions as if they were facts and simply make things up out of thin air as if they were insiders privy to things that no one else is. Right now leaders of this community are printing stuff as misleading as MOPE or MSM ever have.
Apparently the Scottish hedge fund manager Hendrey, who is by his own admission “short some gold shares,” is warning about confiscation without remuneration of gold companies above gold $3000. Either he has never studied gold history, or totally misunderstood its role in the 1930s.
Read More @ JS Mineset
from Wealth Wire:
1. Moving into True Money
Would you convert your labor into depreciating fiat paper or into an appreciating tangible asset with intrinsic value?
Silver offers the opportunity to move into true money, an actual store of value, with the potential for substantial gains in future years as its current cycle continues. Protect yourself and your family by acquiring silver with intrinsic value and insulate yourself from the wealth destructive policies of central bankers.
In Mike Maloney’s words: “Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.” (Page 202 of Guide to Investing in Gold and Silver)
If history serves as any reference, we are poised to repeat the accounting of the Depression Era and the 70′s which put precious metal holder’s on top.
2. The Common Man’s Gold
The acquisition of silver is much more attainable for global populations compared to gold. As silver prices continue to rise, investor’s will further shift away from real estate, stocks, and bonds.
Read More @ WealthWire.com
1. Moving into True Money
Would you convert your labor into depreciating fiat paper or into an appreciating tangible asset with intrinsic value?
Silver offers the opportunity to move into true money, an actual store of value, with the potential for substantial gains in future years as its current cycle continues. Protect yourself and your family by acquiring silver with intrinsic value and insulate yourself from the wealth destructive policies of central bankers.
In Mike Maloney’s words: “Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.” (Page 202 of Guide to Investing in Gold and Silver)
If history serves as any reference, we are poised to repeat the accounting of the Depression Era and the 70′s which put precious metal holder’s on top.
2. The Common Man’s Gold
The acquisition of silver is much more attainable for global populations compared to gold. As silver prices continue to rise, investor’s will further shift away from real estate, stocks, and bonds.
Read More @ WealthWire.com
from Before Its News:
The Incredible Shrinking Half-Life Of Central Bank Action
It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – to anyone placing their gambling chips on the hopes of another round of easing from the Fed – why the game is up. To wit, the reverse geometric progression of S&P 500
performance during each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…
Read More @ BeforeItsNews.com
With
the US elections approaching next week, as well as the threat of
another fiscal cliff showdown looming, we look at how the expansive
Central State has come to dominate both private society (i.e., the
community) and the marketplace, to the detriment of the nation’s social
and economic stability. We examine six critical dynamics that will lead to the devolution of Peak Government. "Governments,
desperate for more revenues, ignore public resentment and loss of
trust, which only deepens the disconnect between those in government
and the public. And the private citizenry sees a lack of
accountability, soaring public debt, accounting trickery, political
dysfunction, and mal-investment of public funds as the hallmarks of
their government."
The markets will be limping badly when they open for trading on
Wednesday, numbed by the destructive power of Hurricane Sandy. The
cleanup is going to take many weeks if not months, and cities up and
down the East Coast will be in a daze until basic services have been
restored. Pumping out the saltwater that gushed into tunnels and subways
will be relatively easy compared to fixing and replacing electrical
switches and components. Because New York’s subway system is very old,
many of the parts that will be needed are no longer available. Of
course, the trains will run again, and soon, but how smoothly is a
question that looms large for those who live in, and commute to, New
York City.
Read More @ RickAckerman.com
from Silver Doctors:
*BREAKING*
FEMA has just reported that they are preparing for Hurricane Sandy to disrupt next Tuesday’s Presidential elections.
Will Obama declare Martial Law along the US east coast due to the massive devastation and become the defacto der fuhrer by suspending elections?
The Federal Emergency Management Agency is preparing for Hurricane Sandy to disrupt next week’s elections, agency Administrator Craig Fugate said Monday afternoon.
From Politico:
“We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election,” Fugate said on a conference call with reporters.
Read More @ Silver Doctors
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by Anthony Gucciardi, Activist Post
Hurricane Sandy gives you a glimpse into not only how a collapse scenario will function, but what you will require. I encourage you to read our information on how to prepare for not just Hurricane Sandy but any disaster in addition to the article on how to preserve your food without electricity. But at a glance, the key items that will immediately disappear or become highly challenging to find in a real collapse scenario include:
Fresh water: Water bottles, gallon jugs, and likely even access to nearby springs will be protected by certain groups.
Water-containing beverages: All types of juice, soda, milk, just about anything to quench thirst.
Firearms: Handguns, rifles, and shotguns will be most in demand however it’s likely even BB guns and airsoft will be purchased or looted for protection or otherwise.
Canned foods: Expect stores to sell out of long-term storable foods as soon as word of disaster hits.
Read More @ Activist Post
Politicians in Hungary plan to grant a European passport to investors willing to spend at least €250,000 (£202,000) buying up the recession-hit country’s government debt.
Under proposed legislation, foreign investors who buy special “residency bonds” would receive preferential immigration treatment. Politicans have suggested buyers would be granted permanent residency and, ultimately, Hungarian citizenship – entitling them to live and work across the European Union, including the UK.
Read More @ Telegraph.co.uk
from Silver Doctors:
The Incredible Shrinking Half-Life Of Central Bank Action
It seems the market – or the collection of pre-programmed heuristic biases that make up the equity investing public (and machines) – is slowly but surely realizing the confidence trick that is the Fed’s Quantitative Easing programs. The following chart should clarify – to anyone placing their gambling chips on the hopes of another round of easing from the Fed – why the game is up. To wit, the reverse geometric progression of S&P 500
performance during each Fed action: QE1 +50%, QE2 +30%, Twist +18%, QE3 & Twist +8%… so QE4 +4%, QE5 +2%, and QE6 +1%…Read More @ BeforeItsNews.com
Anticipating the Devolution of Big Government
With
the US elections approaching next week, as well as the threat of
another fiscal cliff showdown looming, we look at how the expansive
Central State has come to dominate both private society (i.e., the
community) and the marketplace, to the detriment of the nation’s social
and economic stability. We examine six critical dynamics that will lead to the devolution of Peak Government. "Governments,
desperate for more revenues, ignore public resentment and loss of
trust, which only deepens the disconnect between those in government
and the public. And the private citizenry sees a lack of
accountability, soaring public debt, accounting trickery, political
dysfunction, and mal-investment of public funds as the hallmarks of
their government."Read More @ RickAckerman.com
*BREAKING*
FEMA has just reported that they are preparing for Hurricane Sandy to disrupt next Tuesday’s Presidential elections.
Will Obama declare Martial Law along the US east coast due to the massive devastation and become the defacto der fuhrer by suspending elections?
The Federal Emergency Management Agency is preparing for Hurricane Sandy to disrupt next week’s elections, agency Administrator Craig Fugate said Monday afternoon.
From Politico:
“We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election,” Fugate said on a conference call with reporters.
Read More @ Silver Doctors
Your support is needed...
Thank You
I'm PayPal Verified
Hurricane Sandy gives you a glimpse into not only how a collapse scenario will function, but what you will require. I encourage you to read our information on how to prepare for not just Hurricane Sandy but any disaster in addition to the article on how to preserve your food without electricity. But at a glance, the key items that will immediately disappear or become highly challenging to find in a real collapse scenario include:
Fresh water: Water bottles, gallon jugs, and likely even access to nearby springs will be protected by certain groups.
Water-containing beverages: All types of juice, soda, milk, just about anything to quench thirst.
Firearms: Handguns, rifles, and shotguns will be most in demand however it’s likely even BB guns and airsoft will be purchased or looted for protection or otherwise.
Canned foods: Expect stores to sell out of long-term storable foods as soon as word of disaster hits.
Read More @ Activist Post
Politicians in Hungary plan to grant a European passport to investors willing to spend at least €250,000 (£202,000) buying up the recession-hit country’s government debt.
Under proposed legislation, foreign investors who buy special “residency bonds” would receive preferential immigration treatment. Politicans have suggested buyers would be granted permanent residency and, ultimately, Hungarian citizenship – entitling them to live and work across the European Union, including the UK.
Read More @ Telegraph.co.uk
from Silver Doctors:
by Lance Roberts, Financial Sense:
The Bureau Of Economic Analysis reported that Personal Incomes in September advanced 0.4 percent from August which had increased by only 0.1 percent. More importantly, wages & salaries gained 0.3 percent tacking onto the 0.1 percent increase in August. Real disposable incomes, after adjusting for inflationary pressures, declined for the month by 0.02%. This was the second month of decline after falling by -0.28% in August. However, digging down into the report revealed some other interesting issues as they relate to the financial state of the average American.
The chart below shows the changes to personal income broken down by major subcategories. The most notable change from last month’s report on personal incomes is that is that Government Social Benefits (welfare) jumped from a -1.8 billion dollar decrease in August to an increase of 12.6 billion dollars in September. This increase in social benefits accounted for more than 26% of the latest increase in personal incomes. Also, interesting is that personal dividend income rose less in September than August, presumably from stock liquidations, while personal interest income declined by 12.1 billion dollars again in September.
Read More @ financialsense.com
The Bureau Of Economic Analysis reported that Personal Incomes in September advanced 0.4 percent from August which had increased by only 0.1 percent. More importantly, wages & salaries gained 0.3 percent tacking onto the 0.1 percent increase in August. Real disposable incomes, after adjusting for inflationary pressures, declined for the month by 0.02%. This was the second month of decline after falling by -0.28% in August. However, digging down into the report revealed some other interesting issues as they relate to the financial state of the average American.
The chart below shows the changes to personal income broken down by major subcategories. The most notable change from last month’s report on personal incomes is that is that Government Social Benefits (welfare) jumped from a -1.8 billion dollar decrease in August to an increase of 12.6 billion dollars in September. This increase in social benefits accounted for more than 26% of the latest increase in personal incomes. Also, interesting is that personal dividend income rose less in September than August, presumably from stock liquidations, while personal interest income declined by 12.1 billion dollars again in September.
Read More @ financialsense.com
by Gary Gibson, Dollar Vigilante:
Throughout the next few days in the aftermath of Hurricane Sandy you will repeatedly hear two great untruths:
Throughout the next few days in the aftermath of Hurricane Sandy you will repeatedly hear two great untruths:
- We need government to protect us from natural disasters.
- Natural disasters are good for the economy.
“Most Americans have never heard of the
National Response Coordination Center, but they’re lucky it exists on
days of lethal winds and flood tides. The center is the war room of the
Federal Emergency Management Agency [FEMA], where officials gather to
decide where rescuers should go, where drinking water should be shipped,
and how to assist hospitals that have to evacuate.”
Read More @ DollarVigilante.com
by Susanne Posel, Occupy Corporatism:
David Petraeus, director of the CIA, is strongly “suggesting” that the White House approve an expansion of the CIA’s drone fleet to extend the agency’s ability to survey under a paramilitary force. Justification for this necessity is campaigns in Middle Eastern regions like Pakistan and Yemen. Petraeus cites the reemergence of al-Qaeda in North Africa.
This would add 10 more drones to the 35 already used in counterterrorism operations.
Ironically, the CIA denied knowledge of drone use in the US during a lawsuit prompted by the ACLU; as well as refused a Freedom of Information Act request claiming that they could not confirm US government drone use.
Read More @ OccupyCorporatism.com
David Petraeus, director of the CIA, is strongly “suggesting” that the White House approve an expansion of the CIA’s drone fleet to extend the agency’s ability to survey under a paramilitary force. Justification for this necessity is campaigns in Middle Eastern regions like Pakistan and Yemen. Petraeus cites the reemergence of al-Qaeda in North Africa.
This would add 10 more drones to the 35 already used in counterterrorism operations.
Ironically, the CIA denied knowledge of drone use in the US during a lawsuit prompted by the ACLU; as well as refused a Freedom of Information Act request claiming that they could not confirm US government drone use.
Read More @ OccupyCorporatism.com
by Mike Adams, Natural News:
It’s not even nightfall and the looting after superstorm Sandy has already begun. One person in Philadelphia has already been arrested on suspicion of looting, and residents throughout Philly and NYC widely expect a wave of looting to kick off tonight as darkness falls.
The New York State Police Department has formed an anti-looting patrol in anticipation of the looting, reports RT News. “People usually don’t loot in the middle of a hurricane — they wait until the end,” said SeanMichael Pagano, an investigator with the New York State Police Department who has been placed on the anti-looting patrol.
And yes, absurdly, the mainstream media as well as a large number of netizens remain in a state of total denial about the looting that’s about to take place.
Read More @ NaturalNews.com
It’s not even nightfall and the looting after superstorm Sandy has already begun. One person in Philadelphia has already been arrested on suspicion of looting, and residents throughout Philly and NYC widely expect a wave of looting to kick off tonight as darkness falls.
The New York State Police Department has formed an anti-looting patrol in anticipation of the looting, reports RT News. “People usually don’t loot in the middle of a hurricane — they wait until the end,” said SeanMichael Pagano, an investigator with the New York State Police Department who has been placed on the anti-looting patrol.
And yes, absurdly, the mainstream media as well as a large number of netizens remain in a state of total denial about the looting that’s about to take place.
Read More @ NaturalNews.com
[Ed. Note:
Those who are familiar with SGTreport know that we were among the first
to question the 'official' story regarding this 2010 plane crash which
eliminated nearly 100 top Polish governmental and military officials.
Alternate theories suggest those officials were deliberately murdered in
an organized coup. A video shot moments after the crash shows no evidence that the 96 Polish leaders were aboard the plane at all.]
by Adam Taylor, BusinessInsider:
In 2010, the plane that was carrying Polish President Lech Kaczynski crashed into trees in Russia. Kaczynski died in the crash, along with over 100 others.
Since that point, a number of wild theories have gone around about the crash. Was it really just an accident? Leaked Stratfor emails suggested that Russia may have deliberately sought to delay the flight as a snub to the Polish President — Kaczynski was flying into the country to attend a memorial for the Katyn Massacre (a horrific World War II incident where hundreds of Polish prisoners were killed by their Russian guards) and had angered Moscow by supporting Georgia in the short Russia-Georgia war of 2008.
New reports in Polish media suggest something even darker. Earlier today, daily business newspaper Rzeczpospolita published a report that said the investigation had found signs of TNT and nitroglycerin on the remains of the plane specifically on the wings and in the cabin, including on 30 seats.
Read More @ BusinessInsider.com
by Adam Taylor, BusinessInsider:
In 2010, the plane that was carrying Polish President Lech Kaczynski crashed into trees in Russia. Kaczynski died in the crash, along with over 100 others.
Since that point, a number of wild theories have gone around about the crash. Was it really just an accident? Leaked Stratfor emails suggested that Russia may have deliberately sought to delay the flight as a snub to the Polish President — Kaczynski was flying into the country to attend a memorial for the Katyn Massacre (a horrific World War II incident where hundreds of Polish prisoners were killed by their Russian guards) and had angered Moscow by supporting Georgia in the short Russia-Georgia war of 2008.
New reports in Polish media suggest something even darker. Earlier today, daily business newspaper Rzeczpospolita published a report that said the investigation had found signs of TNT and nitroglycerin on the remains of the plane specifically on the wings and in the cabin, including on 30 seats.
Read More @ BusinessInsider.com
by Louis Golino, CoinWeek.com:
An important development about gold is not receiving the attention it deserves in the mainstream, non-specialized media.
In particular, several reports have surfaced that the gold reserves of several Western countries are believed to be much smaller than previously estimated. That is a result of the fact that much of the gold is on lease to other countries, has been swapped, or in other cases, simply may not exist at all.
If these reports are accurate, they have important implications for the future price of gold, and therefore for precious metal investors. First, they suggest that much less mined gold exists than previously believed. Second, this is especially significant to the so-called manipulation thesis, which holds that governments act to suppress the price of gold. If governments hold less gold than we thought they did, then their ability to affect the price will also be greatly diminished.
Read More @ CoinWeek.com
Your support is needed...
Thank You
I'm PayPal Verified
An important development about gold is not receiving the attention it deserves in the mainstream, non-specialized media.
In particular, several reports have surfaced that the gold reserves of several Western countries are believed to be much smaller than previously estimated. That is a result of the fact that much of the gold is on lease to other countries, has been swapped, or in other cases, simply may not exist at all.
If these reports are accurate, they have important implications for the future price of gold, and therefore for precious metal investors. First, they suggest that much less mined gold exists than previously believed. Second, this is especially significant to the so-called manipulation thesis, which holds that governments act to suppress the price of gold. If governments hold less gold than we thought they did, then their ability to affect the price will also be greatly diminished.
Read More @ CoinWeek.com
Your support is needed...
Thank You
I'm PayPal Verified
by Tess Pennington, SHTFPlan:
Possessing crucial skill sets are a must have when forming a survival group. Individuals bringing a variety of skills binds the group further to create a solid, well-functioning team. That said, like anything regarding preparedness, you do not want to become complacent and believe that just one person should perform a certain set of tasks. Remember, what one man can do, another can do. Your group is only as strong as its weakest link, and training members to perform multiple tasks will make for a more fluid unit, especially during highly stressful situations.
We have seen this type of group training with many emergency organizations who have cross-trained their employees in case one employee has to compensate for the other during a disaster. This helps cut down on dependency on one or two of the stronger members, because each member can pick up where the other has left off in the event the primary responder is incapacitated or has to perform other tasks. This type of training is both efficient and can easily be incorporated into your preparedness plan.
Read More @ SHTFPlan.com
Nigeria has 37 billion barrels of crude oil reserve and is Africa’s largest oil producer. The country also boasts 187 trillion cubic feet of proven natural gas reserves, the ninth-largest reserve in the world.
Nigeria has all the right geology for oil and gas. But geology isn’t everything.
The best geology in the world can still be a terrible place to put your money if other risks threaten to steal all of a project’s profits and potential – and country risk can pose precisely that threat.
Think about it this way. In considering any business venture, you need to know several key parameters, such as how much it will cost to establish the operation, how much you will produce, and what percentage of your profits the government will take. In Nigeria, you cannot calculate any of these metrics with confidence because the rules are so complex and corrupt.
Read More @ CaseyResearch.com
Possessing crucial skill sets are a must have when forming a survival group. Individuals bringing a variety of skills binds the group further to create a solid, well-functioning team. That said, like anything regarding preparedness, you do not want to become complacent and believe that just one person should perform a certain set of tasks. Remember, what one man can do, another can do. Your group is only as strong as its weakest link, and training members to perform multiple tasks will make for a more fluid unit, especially during highly stressful situations.
We have seen this type of group training with many emergency organizations who have cross-trained their employees in case one employee has to compensate for the other during a disaster. This helps cut down on dependency on one or two of the stronger members, because each member can pick up where the other has left off in the event the primary responder is incapacitated or has to perform other tasks. This type of training is both efficient and can easily be incorporated into your preparedness plan.
Read More @ SHTFPlan.com
Nigeria has 37 billion barrels of crude oil reserve and is Africa’s largest oil producer. The country also boasts 187 trillion cubic feet of proven natural gas reserves, the ninth-largest reserve in the world.
Nigeria has all the right geology for oil and gas. But geology isn’t everything.
The best geology in the world can still be a terrible place to put your money if other risks threaten to steal all of a project’s profits and potential – and country risk can pose precisely that threat.
Think about it this way. In considering any business venture, you need to know several key parameters, such as how much it will cost to establish the operation, how much you will produce, and what percentage of your profits the government will take. In Nigeria, you cannot calculate any of these metrics with confidence because the rules are so complex and corrupt.
Read More @ CaseyResearch.com
[Ed. Note: A compelling, informative and fun way to learn a LOT about our favorite precious metal...]
from Visual Capitalist:
SEE More @ VisualCapitalist.com
In Greece, Prime Minister Antonis Samaras coalition has split. The result is yet another delay in an austerity vote required for the next tranche of loans to Greece, and the PM warns of ‘chaos’.
Greece’s conservative Prime Minister Antonis Samaras is at odds with the Democratic Left party, a coalition partner, which is threatening to vote against the new austerity measures unless labor reforms included in them are scrapped.
Samaras formed a coalition with the traditional rival Socialists and the Democratic Left after general elections in June. In a statement, the prime minister said he had “exhausted all the available time” to try and reach a consensus.
Read More @ GlobalEconomicAnalysis.blogspot.com
from Visual Capitalist:
SEE More @ VisualCapitalist.com
In Greece, Prime Minister Antonis Samaras coalition has split. The result is yet another delay in an austerity vote required for the next tranche of loans to Greece, and the PM warns of ‘chaos’.
Greece’s conservative Prime Minister Antonis Samaras is at odds with the Democratic Left party, a coalition partner, which is threatening to vote against the new austerity measures unless labor reforms included in them are scrapped.
Samaras formed a coalition with the traditional rival Socialists and the Democratic Left after general elections in June. In a statement, the prime minister said he had “exhausted all the available time” to try and reach a consensus.
Read More @ GlobalEconomicAnalysis.blogspot.com
by Simon Black, Sovereign Man :
After spending a fantastic weekend in Myanmar, I headed to Hong Kong late Sunday to partake in one of my favorite activities: buying gold on the cheap.
As we’ve discussed before, Hong Kong consistently ranks as one of the cheapest places in the world to buy gold. In the past I’ve bought one ounce gold coins for as low as 0.1% over spot in Hong Kong… practically a rounding error. I suspect in the future it may be outmatched by Singapore. But not yet.
To be fair, premiums in Hong Kong do fluctuate wildly based on supply and demand. Just before Chinese New Year, for example, gold demand soars. It’s a common gift for the holiday.
Right now is a time of high demand; much of this is driven by mainland Chinese coming across the border to buy gold and stash it in Hong Kong.
Read More @ SovereignMan.com
After spending a fantastic weekend in Myanmar, I headed to Hong Kong late Sunday to partake in one of my favorite activities: buying gold on the cheap.
As we’ve discussed before, Hong Kong consistently ranks as one of the cheapest places in the world to buy gold. In the past I’ve bought one ounce gold coins for as low as 0.1% over spot in Hong Kong… practically a rounding error. I suspect in the future it may be outmatched by Singapore. But not yet.
To be fair, premiums in Hong Kong do fluctuate wildly based on supply and demand. Just before Chinese New Year, for example, gold demand soars. It’s a common gift for the holiday.
Right now is a time of high demand; much of this is driven by mainland Chinese coming across the border to buy gold and stash it in Hong Kong.
Read More @ SovereignMan.com
by Danielle Park, Juggling Dynamite:
Sheila Bair, former head of the FDIC, warns that the financial system remains far from stable – and that regulations like the Volcker Rule may be too complex to be effective. She offers 5 practical steps that the Obama or Romney governments must take in order to fix the mess of present day Wall Street, and set the financial system back on a path to supporting (rather than damning) the real economy.
See: 5 steps Obama or Romney must take to fix Wall Street All of these are more simple than complex and most certain to make a huge impact in the desperately needed process of admit, repent, reform, recover.
1. Break up the “too big to fail” banks
In Bair’s eyes, the presence of giant institutions and untested “living wills” is one of the factors that helps to make today’s financial system unstable. Don’t draw any comfort from the fact that they all are passing the government’s stress tests, cautions Bair; those tests focus on credit risk, not interest rate risk, and a time when the Fed is artificially keeping lending rates at near zero, that’s a flaw.
Read More @ JugglingDynamite.com
Sheila Bair, former head of the FDIC, warns that the financial system remains far from stable – and that regulations like the Volcker Rule may be too complex to be effective. She offers 5 practical steps that the Obama or Romney governments must take in order to fix the mess of present day Wall Street, and set the financial system back on a path to supporting (rather than damning) the real economy.
See: 5 steps Obama or Romney must take to fix Wall Street All of these are more simple than complex and most certain to make a huge impact in the desperately needed process of admit, repent, reform, recover.
1. Break up the “too big to fail” banks
In Bair’s eyes, the presence of giant institutions and untested “living wills” is one of the factors that helps to make today’s financial system unstable. Don’t draw any comfort from the fact that they all are passing the government’s stress tests, cautions Bair; those tests focus on credit risk, not interest rate risk, and a time when the Fed is artificially keeping lending rates at near zero, that’s a flaw.
Read More @ JugglingDynamite.com
from KingWorldNews:
This is the fourth and final of a series of blockbuster interviews with James Turk covering missing central bank gold. Turk spoke with King World News about a rather stunning event which took place at the Federal Reserve gold vault in the 1920s, and yes, it once again involved Germany’s missing gold.
Here is what Turk had to say: “There is an interesting thing I read a few months ago. It was an autobiography of the President of the Reichsbank, who was President (of the Reichsbank) back in the 1920s. His name was Hjalmar Horace Greeley Schacht.”
James Turk continues @ KingWorldNews.com
This is the fourth and final of a series of blockbuster interviews with James Turk covering missing central bank gold. Turk spoke with King World News about a rather stunning event which took place at the Federal Reserve gold vault in the 1920s, and yes, it once again involved Germany’s missing gold.
Here is what Turk had to say: “There is an interesting thing I read a few months ago. It was an autobiography of the President of the Reichsbank, who was President (of the Reichsbank) back in the 1920s. His name was Hjalmar Horace Greeley Schacht.”
James Turk continues @ KingWorldNews.com
from The Daily Bell:
Occupy
protesters were right, says Bank of England official … The
anti-capitalist protesters who occupied St Paul’s Cathedral were both
morally and intellectually right, a senior Bank of England official said
… Members of the movement occupied the grounds of St Paul’s and
remained camped there for more than three months until police evicted
them in February last year. – UK Telegraph
Dominant Social Theme: This ragtag group of youngsters should be recognized for their truth telling. Out of the mouths of babes!
Free-Market Analysis: What a surprise … not! We’re long on the record as explaining the essential phony nature of this pseudo youth movement. Funded by George Soros among others and putatively generated out of the socialist-anarchist publication Adbusters, Occupy Wall Street is supposed to be an update of the 1960s hippy movement, complete with disdain for the “system,” dislike for the wealthy and discomfort with capitalism generally.
Read More @ TheDailyBell.com
Occupy
protesters were right, says Bank of England official … The
anti-capitalist protesters who occupied St Paul’s Cathedral were both
morally and intellectually right, a senior Bank of England official said
… Members of the movement occupied the grounds of St Paul’s and
remained camped there for more than three months until police evicted
them in February last year. – UK TelegraphDominant Social Theme: This ragtag group of youngsters should be recognized for their truth telling. Out of the mouths of babes!
Free-Market Analysis: What a surprise … not! We’re long on the record as explaining the essential phony nature of this pseudo youth movement. Funded by George Soros among others and putatively generated out of the socialist-anarchist publication Adbusters, Occupy Wall Street is supposed to be an update of the 1960s hippy movement, complete with disdain for the “system,” dislike for the wealthy and discomfort with capitalism generally.
Read More @ TheDailyBell.com
[This article is excerpted from Conceived in Liberty, volume 1, part 4, "The Rise and Fall of New Netherland." An MP3 audio file of this article, narrated by Floy Lilley, is available for download.]
by Murray N. Rothbard, Mises:
The British seizure of New Netherland — the vast if thinly settled
Dutch territory in North America — wrought a permanent change in the
pattern of English colonization in the New World. The grant of this vast
area to the proprietorship of the Duke of York, younger brother of
Charles II, and its seizure by Colonel Richard Nicolls in 1664, brought
under English control a great land area that much later was to
constitute the “middle colonies.”
How had New Netherland been formed? Seventeenth-century Dutch policies cannot be fully comprehended without recognizing the fierce and continuing political divisions within the Dutch republic over constitutional and foreign policies. Early in their long revolutionary struggle against Spain for religious toleration, freedom from taxation, and independence from central imperial rule, the seven northern Dutch-speaking Calvinist provinces of the Netherlands had established a loose confederation. Governing these United Provinces was a States-General representing the completely autonomous provincial legislatures or states. Not being burdened by the overweening state power of the other European countries, the Dutch maritime cities, especially those in the provinces of Holland and Zeeland, were able to forge the greatest economic progress in Europe.
Read More @ Mises.org
from TruthNeverTold :
by Murray N. Rothbard, Mises:
The British seizure of New Netherland — the vast if thinly settled
Dutch territory in North America — wrought a permanent change in the
pattern of English colonization in the New World. The grant of this vast
area to the proprietorship of the Duke of York, younger brother of
Charles II, and its seizure by Colonel Richard Nicolls in 1664, brought
under English control a great land area that much later was to
constitute the “middle colonies.”How had New Netherland been formed? Seventeenth-century Dutch policies cannot be fully comprehended without recognizing the fierce and continuing political divisions within the Dutch republic over constitutional and foreign policies. Early in their long revolutionary struggle against Spain for religious toleration, freedom from taxation, and independence from central imperial rule, the seven northern Dutch-speaking Calvinist provinces of the Netherlands had established a loose confederation. Governing these United Provinces was a States-General representing the completely autonomous provincial legislatures or states. Not being burdened by the overweening state power of the other European countries, the Dutch maritime cities, especially those in the provinces of Holland and Zeeland, were able to forge the greatest economic progress in Europe.
Read More @ Mises.org
from TruthNeverTold :
by Bill Holter, MilesFranklin.com:
I’ve recently written 3 pieces regarding the world’s central banks
beginning to “question” other central banks and custodians. It is
beginning to go beyond citizens asking these questions and having their
doubts. But why is it important? What’s the big deal even if it does
turn out that they don’t have the tonnage of Gold that they say or think
that they have? Couldn’t the system just chug along unchanged or
untouched and continue on its merry way? Well, in a word, no. THIS is
exactly what we have already been through, “chugging along” on trust. Or
better yet, we’ve gone along without the apple cart being upset other
than asset prices of all sorts from stocks, bonds, commodities etc.
being priced incorrectly either far too high or low. In my opinion, it
is not “if” it turns out that the central banks do not have the amounts
of Gold that they say they have, only “when”.
That said, the entire system from the “money” we use and spend to credit and bonds, to stocks to real estate… to everything under the sun that has value, has value and is “valued” against everything else. “Cross values” if you will. The problem is this; what used to be your garden variety standard investment “pyramid” has been turned upside down.
Read more @ MilesFranklin.com
I’ve recently written 3 pieces regarding the world’s central banks
beginning to “question” other central banks and custodians. It is
beginning to go beyond citizens asking these questions and having their
doubts. But why is it important? What’s the big deal even if it does
turn out that they don’t have the tonnage of Gold that they say or think
that they have? Couldn’t the system just chug along unchanged or
untouched and continue on its merry way? Well, in a word, no. THIS is
exactly what we have already been through, “chugging along” on trust. Or
better yet, we’ve gone along without the apple cart being upset other
than asset prices of all sorts from stocks, bonds, commodities etc.
being priced incorrectly either far too high or low. In my opinion, it
is not “if” it turns out that the central banks do not have the amounts
of Gold that they say they have, only “when”.That said, the entire system from the “money” we use and spend to credit and bonds, to stocks to real estate… to everything under the sun that has value, has value and is “valued” against everything else. “Cross values” if you will. The problem is this; what used to be your garden variety standard investment “pyramid” has been turned upside down.
Read more @ MilesFranklin.com
Irony: Officer demonstrates what police do best on school “career day”
by Steve Watson, InfoWars:
A state police officer in New Mexico is being sued after he allegedly tasered a child in a school playground for no reason other than he refused to clean the cop’s patrol car.
The boy’s legal guardian, Rachel Higgins, claims that Officer Chris Webb shot the boy, referred to as “R.D.”, with a 50,000 volt stun gun while visiting on a “career day” at Tularosa New Mexico Intermediate School on May 4.
The complaint notes that the officer approached a group of boys and asked which of them wanted to clean his car. When R.D. said he had no desire to clean the patrol vehicle, Officer Webb is claimed to have stated “‘Let me show you what happens to people who do not listen to the police.’”
He then pointed his taser at the boy, according to the report, and fired two barbs directly into the 10-year old’s chest, electrifying him and causing him to blackout.
Read More @ InfoWars.com
by Steve Watson, InfoWars:
A state police officer in New Mexico is being sued after he allegedly tasered a child in a school playground for no reason other than he refused to clean the cop’s patrol car.
The boy’s legal guardian, Rachel Higgins, claims that Officer Chris Webb shot the boy, referred to as “R.D.”, with a 50,000 volt stun gun while visiting on a “career day” at Tularosa New Mexico Intermediate School on May 4.
The complaint notes that the officer approached a group of boys and asked which of them wanted to clean his car. When R.D. said he had no desire to clean the patrol vehicle, Officer Webb is claimed to have stated “‘Let me show you what happens to people who do not listen to the police.’”
He then pointed his taser at the boy, according to the report, and fired two barbs directly into the 10-year old’s chest, electrifying him and causing him to blackout.
Read More @ InfoWars.com
from CFPEcon101:
Even though he promised to bring Americans together, President Obama has used class-warfare tax policy to persecute and demonize successful entrepreneurs and investors. This mini-documentary from the Center for Freedom and Prosperity Foundation explains why the tax code shouldn’t be used for anything other than fairly and neutrally collecting a minimum amount of revenue to fund the legitimate functions of the federal government.
Even though he promised to bring Americans together, President Obama has used class-warfare tax policy to persecute and demonize successful entrepreneurs and investors. This mini-documentary from the Center for Freedom and Prosperity Foundation explains why the tax code shouldn’t be used for anything other than fairly and neutrally collecting a minimum amount of revenue to fund the legitimate functions of the federal government.
from whygoldandsilver :
If you enjoyed the ‘Peter Schiff Was Right‘ videos, then check out these predictions from Mike Maloney way back in 2005. He was one of the elite few to publicly warn of the housing crisis well before the crash of 2008. Mike Maloney is the founder and CEO of GoldSilver.com, one of the world’s most trusted precious metals dealers and financial educators.
In this recently unearthed archive footage shot at the Silver Summit in September 2005, Mike Maloney correctly explains the impending housing crisis, the trend in precious metals, and what to expect moving into 2006 and beyond.
Mike asks the audience: “Do we have a housing bubble? Nope… We have a hyper-bubble”. His analysis proved to be spot on while Ben Bernanke was still denying that Real Estate was in trouble 18 months later, saying “subprime is contained.”
Can you imagine the impact on your finances if you had heard Mike’s presentation, followed it up with your own due diligence, and acted shortly after?
If you enjoyed the ‘Peter Schiff Was Right‘ videos, then check out these predictions from Mike Maloney way back in 2005. He was one of the elite few to publicly warn of the housing crisis well before the crash of 2008. Mike Maloney is the founder and CEO of GoldSilver.com, one of the world’s most trusted precious metals dealers and financial educators.
In this recently unearthed archive footage shot at the Silver Summit in September 2005, Mike Maloney correctly explains the impending housing crisis, the trend in precious metals, and what to expect moving into 2006 and beyond.
Mike asks the audience: “Do we have a housing bubble? Nope… We have a hyper-bubble”. His analysis proved to be spot on while Ben Bernanke was still denying that Real Estate was in trouble 18 months later, saying “subprime is contained.”
Can you imagine the impact on your finances if you had heard Mike’s presentation, followed it up with your own due diligence, and acted shortly after?
by Chris Marcus, Gold Money:
Recently several Federal Reserve governors have talked about the
supposed benefits of “temporarily” raising the Fed’s target rate of
inflation. The Fed has traditionally maintained an informal inflation
target of 2%, and now they’re considering higher levels in an effort to
reduce the unemployment rate. It’s a misguided strategy – for the simple
reason that increasing inflation does not create economic growth. But
there are also several other concerns with the discussion of inflation
targeting.
The Fed has a dual mandate from Congress to promote price stability and maximum employment. The Fed already defines stable prices as prices that rise by 2% a year, but now they are concerned that 2% is not enough. What is the process in place to determine what the correct amount is and what is too much? The Fed designs plans like QE or Operation Twist and often just seems to hope for the best. There would have to be some cost to a greater rate of inflation, otherwise if more inflation is better then why not raise it to 10%? Or 20%? There is never any debate about measuring the costs or looking back at the results of the past inflationary policies that haven’t worked.
Read More @ GoldMoney.com
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Recently several Federal Reserve governors have talked about the
supposed benefits of “temporarily” raising the Fed’s target rate of
inflation. The Fed has traditionally maintained an informal inflation
target of 2%, and now they’re considering higher levels in an effort to
reduce the unemployment rate. It’s a misguided strategy – for the simple
reason that increasing inflation does not create economic growth. But
there are also several other concerns with the discussion of inflation
targeting.The Fed has a dual mandate from Congress to promote price stability and maximum employment. The Fed already defines stable prices as prices that rise by 2% a year, but now they are concerned that 2% is not enough. What is the process in place to determine what the correct amount is and what is too much? The Fed designs plans like QE or Operation Twist and often just seems to hope for the best. There would have to be some cost to a greater rate of inflation, otherwise if more inflation is better then why not raise it to 10%? Or 20%? There is never any debate about measuring the costs or looking back at the results of the past inflationary policies that haven’t worked.
Read More @ GoldMoney.com
Your support is needed...
Thank You
I'm PayPal Verified
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