from The Gold Report:
The Gold Report:
John, as Mark Twain famously quipped, “There are three kinds of lies:
lies, damned lies and statistics.” The Bureau of Labor Statistics (BLS)
just came out with new jobs numbers that show the country added 114,000
jobs since September and the unemployment rate dropped to 7.8%, down
from 8.1% in August. On Shadowstats.com, you argue that the numbers are
wrong and pointed to politics as a possible reason for the incorrect
figures. Are unemployment statistics being manipulated and if so how?
John Williams: I normally put out a commentary on the numbers, and, in this one, I raised the possibility of politics as a factor. The problem is very serious misreporting of the numbers and the result is what appears to be a bogus unemployment rate. The BLS reported a drop in the unemployment rate from 8.1% to 7.8%, three-tenths of a percentage point, which runs counter to what is being experienced in the marketplace.
Read More @ TheGoldReport.com
While
the exquisitely tanned replacement of former IMF head and
Sexcapade-extraordinare DSK, Christine Lagarde, who may or may not have
nationalized the entire UV-tanning light inventory of CNBC's Fast Money
show, is very much aware of what the latest fashion in leather jackets
or what the most fashionable plumage of pret-a-porter Hermes sweaters
of the Fall season is, she sadly has absolutely no insight into what the actual contents of the IMF's most watched semi-annual report are, as confirmed by the following exchange between her and an Irish Examiner journalist, that has to be seen to be believed.
Critically, not only is it clear that Lagarde has not read the WEO
report but the section that IE's Ann Cahill asks about brings up a critical systemic problem in the IMF's over-estimation of growth forecasts in a world of increasing fiscal consolidation - an asymmetric fiscal multiplier.
Pinkin D. asked
CNN.com (he should by now know not to ask CNN anything, considering
their relations with the consciousness wing of the Pentagon) “How do I
purchase silver in physical form or stock?” Although Pinkin refers to
physical bullion first, CNN runs with the question, pushing its loyally
brainwashed followers (that is, segments of its readership), towards
(paper) stock:
Read More @ Silver Vigilante
The Pew poll is devastating, just devastating.
Before the debate, Obama had a 51 – 43 lead; now, Romney has a 49 – 45
lead. That’s a simply unprecedented reversal for a candidate in October.
Before Obama had leads on every policy issue and personal
characteristic; now Romney leads in almost all of them. Obama’s
performance gave Romney a 12 point swing! I repeat: a 12 point swing.
Romney’s favorables are above Obama’s now. Yes, you read that right. Romney’s favorables are higher than Obama’s right now. That gender gap that was Obama’s firewall? Over in one night:
Read More @ TheDailyBeast.com
Last month, the US House of Representatives passed HR 6566 which is an amendment of the Homeland Security Act of 2002 that imbues the Administrator of the Federal Emergency Management Agency (FEMA) “to provide guidance and coordination for mass fatality planning, and for other purposes.”
In the anticipated event of a “mass fatality”, coordination and planning must be forefront of FEMA with the assistance of the Department of Homeland Security (DHS) as referred by the Committee on Transportation and Infrastructure (CTI). In the event that the Executive Branch or Congress declares a mass disaster caused by nature, a domestic terrorist attack, or any other man-made catastrophe, there must be a national plan to prepare for and respond to the incident.
Read More @ OccupyCorporatism.com
from GlobalResearchTV:
The Gold Report:
John, as Mark Twain famously quipped, “There are three kinds of lies:
lies, damned lies and statistics.” The Bureau of Labor Statistics (BLS)
just came out with new jobs numbers that show the country added 114,000
jobs since September and the unemployment rate dropped to 7.8%, down
from 8.1% in August. On Shadowstats.com, you argue that the numbers are
wrong and pointed to politics as a possible reason for the incorrect
figures. Are unemployment statistics being manipulated and if so how?John Williams: I normally put out a commentary on the numbers, and, in this one, I raised the possibility of politics as a factor. The problem is very serious misreporting of the numbers and the result is what appears to be a bogus unemployment rate. The BLS reported a drop in the unemployment rate from 8.1% to 7.8%, three-tenths of a percentage point, which runs counter to what is being experienced in the marketplace.
Read More @ TheGoldReport.com
Quiz – How Prepped Are You?
So you want to know how prepared you are, eh? If you are already living in your survival homestead, it’s a good bet you’re ready for what’s coming down the pike. If you’re still making preparations, maybe this will help you determine how far along you are – and where you might need to beef up.
by Mac Slavo, SHTFPlan:
Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week are legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate.
Putting the jobs report conspiracy aside for a moment, here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign commercial:
That data point of course was foodstamps (or the government’s Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.
Read More @ SHTFPlan.com
Whether you believe the 7.8% unemployment statistic released by the Bureau of Labor and Statistics two days after the Presidential debate last week are legitimate or not, there are several key data points that suggest our economic situation is continuing to deteriorate.
Putting the jobs report conspiracy aside for a moment, here’s one particular achievement you can be assured President Obama will not mention in his next debate or campaign commercial:
That data point of course was foodstamps (or the government’s Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.
Read More @ SHTFPlan.com
The IMF's Lagarde Is Unaware What The IMF's Market-Moving Report Contains
While
the exquisitely tanned replacement of former IMF head and
Sexcapade-extraordinare DSK, Christine Lagarde, who may or may not have
nationalized the entire UV-tanning light inventory of CNBC's Fast Money
show, is very much aware of what the latest fashion in leather jackets
or what the most fashionable plumage of pret-a-porter Hermes sweaters
of the Fall season is, she sadly has absolutely no insight into what the actual contents of the IMF's most watched semi-annual report are, as confirmed by the following exchange between her and an Irish Examiner journalist, that has to be seen to be believed.
Critically, not only is it clear that Lagarde has not read the WEO
report but the section that IE's Ann Cahill asks about brings up a critical systemic problem in the IMF's over-estimation of growth forecasts in a world of increasing fiscal consolidation - an asymmetric fiscal multiplier.
from Zero Hedge:
While we have grown ‘used’ to hearing of protests in several European
peripheral nations, South Africa has turned the anti-austerity protest
amplifier to 11 in recent days. From the Lonmin massacre and subsequent wage increase to the truck-drivers’ strike and Amplats firing of 12,000 workers , Reuters is reporting
that South Africa’s local government worker’s union has now said it
will join a nationwide strike amid the labor unrest in the mining
sector. Demanding ‘market-related salaries’ this strike would bring the South African economy to its knees – at a time of rising deficit concerns. Critically, this has dramatic repercussions. Since firing people is no longer an option as “Those who are dismissed will make sure that there will be no operations operating and that will cause a massacre just like at Marikana,”
some companies will be forced out of business (reducing supply) or
suffer significant margin compression on cost increases leaving
commodity producers struggling – which will inevitably mean prices for end-users will rise (slowing end-user demand or crushing their margins). It seems the South African labor unions found the M.A.D. card.
Read More @ Zero Hedge.com
While we have grown ‘used’ to hearing of protests in several European
peripheral nations, South Africa has turned the anti-austerity protest
amplifier to 11 in recent days. From the Lonmin massacre and subsequent wage increase to the truck-drivers’ strike and Amplats firing of 12,000 workers , Reuters is reporting
that South Africa’s local government worker’s union has now said it
will join a nationwide strike amid the labor unrest in the mining
sector. Demanding ‘market-related salaries’ this strike would bring the South African economy to its knees – at a time of rising deficit concerns. Critically, this has dramatic repercussions. Since firing people is no longer an option as “Those who are dismissed will make sure that there will be no operations operating and that will cause a massacre just like at Marikana,”
some companies will be forced out of business (reducing supply) or
suffer significant margin compression on cost increases leaving
commodity producers struggling – which will inevitably mean prices for end-users will rise (slowing end-user demand or crushing their margins). It seems the South African labor unions found the M.A.D. card.Read More @ Zero Hedge.com
from Silver Vigilante:
Pinkin D. asked
CNN.com (he should by now know not to ask CNN anything, considering
their relations with the consciousness wing of the Pentagon) “How do I
purchase silver in physical form or stock?” Although Pinkin refers to
physical bullion first, CNN runs with the question, pushing its loyally
brainwashed followers (that is, segments of its readership), towards
(paper) stock:“The easiest way to buy silver is to invest in certain exchange-traded funds such as iShares Silver Trust (SLV) and ETFS Silver Trust (SIVR). These funds track the price of silver on the open market, with each share typically backed by a specific amount of physical silver held in trust by the fund manager. Because they can be instantaneously bought and sold on the market, ETFs lend themselves to trading.”CNN off-the-bat steers the reader away from bullion, by calling exchange traded funds “the easiest way to buy silver.” What CNN does not offer is that, in an age of re-hypothecation and double-entry book keeping (with one of the books being smudged), these products are just as easy to lose.
Read More @ Silver Vigilante
The Pew poll is devastating, just devastating.
Before the debate, Obama had a 51 – 43 lead; now, Romney has a 49 – 45
lead. That’s a simply unprecedented reversal for a candidate in October.
Before Obama had leads on every policy issue and personal
characteristic; now Romney leads in almost all of them. Obama’s
performance gave Romney a 12 point swing! I repeat: a 12 point swing. Romney’s favorables are above Obama’s now. Yes, you read that right. Romney’s favorables are higher than Obama’s right now. That gender gap that was Obama’s firewall? Over in one night:
Currently, women are evenly divided (47% Obama, 47% Romney). Last month, Obama led Romney by 18 points (56% to 38%) among women likely voters.Seriously: has that kind of swing ever happened this late in a campaign? Has any candidate lost 18 points among women voters in one night ever? And we are told that when Obama left the stage that night, he was feeling good. That’s terrifying. On every single issue, Obama has instantly plummeted into near-oblivion.
Read More @ TheDailyBeast.com
New Congressional Amendment Prepares For Mass Casualties in America
by Susanne Posel, Occupy Corporatism:
Last month, the US House of Representatives passed HR 6566 which is an amendment of the Homeland Security Act of 2002 that imbues the Administrator of the Federal Emergency Management Agency (FEMA) “to provide guidance and coordination for mass fatality planning, and for other purposes.”
In the anticipated event of a “mass fatality”, coordination and planning must be forefront of FEMA with the assistance of the Department of Homeland Security (DHS) as referred by the Committee on Transportation and Infrastructure (CTI). In the event that the Executive Branch or Congress declares a mass disaster caused by nature, a domestic terrorist attack, or any other man-made catastrophe, there must be a national plan to prepare for and respond to the incident.
Read More @ OccupyCorporatism.com
from GlobalResearchTV:
by Michael Pettis, Financial Sense:
I recently “debated” twice with senior Chinese officials on the future prospects for China. In both cases they made the argument that Chinese growth rates were going to rise in the next few years and that the current deep pessimism is unwarranted. I argued, of course, that growth would slow even more.
Neither of the debates, I thought, was wholly satisfying. It seems to me that while a number of officials – at least among those with limited economic backgrounds – acknowledge that perceptions of China’s economic prospects have changed dramatically in the past few years, they don’t always understand why. There seems to be a worried resistance to the idea that we may have reached a major and difficult transition. The unwillingness to acknowledge the difficulty of the transition, however, can only make the transition all the more difficult.
Read More @ financialsense.com
I recently “debated” twice with senior Chinese officials on the future prospects for China. In both cases they made the argument that Chinese growth rates were going to rise in the next few years and that the current deep pessimism is unwarranted. I argued, of course, that growth would slow even more.
Neither of the debates, I thought, was wholly satisfying. It seems to me that while a number of officials – at least among those with limited economic backgrounds – acknowledge that perceptions of China’s economic prospects have changed dramatically in the past few years, they don’t always understand why. There seems to be a worried resistance to the idea that we may have reached a major and difficult transition. The unwillingness to acknowledge the difficulty of the transition, however, can only make the transition all the more difficult.
Read More @ financialsense.com
by Prof Michel Chossudovsky, Global Research:
Together with austerity measures, home foreclosures, layoffs and the phasing out of social programs, the dramatic hike in gasoline prices constitutes yet another economic mechanism which contributes to the impoverishment of millions of people across the land.
Gasoline prices have skyrocketed overnight in California, with prices at the pump exceeding $5 a gallon.
Across America, the increase in gasoline prices has contributed to compressing purchasing power. It has a devastating impact on suburban households. It compresses the levels of household consumption. It contributes to lowering the standard of living.
The hikes in fuel and gasoline prices across the US (and Worldwide) also contribute to precipitating small and medium sized businesses into bankruptcy.
Read More @ GlobalResearch.ca
from TruthNeverTold :
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.
Together with austerity measures, home foreclosures, layoffs and the phasing out of social programs, the dramatic hike in gasoline prices constitutes yet another economic mechanism which contributes to the impoverishment of millions of people across the land.
Gasoline prices have skyrocketed overnight in California, with prices at the pump exceeding $5 a gallon.
Across America, the increase in gasoline prices has contributed to compressing purchasing power. It has a devastating impact on suburban households. It compresses the levels of household consumption. It contributes to lowering the standard of living.
The hikes in fuel and gasoline prices across the US (and Worldwide) also contribute to precipitating small and medium sized businesses into bankruptcy.
Read More @ GlobalResearch.ca
from TruthNeverTold :
by Carolanne Wright, Natural News:
With a sad twist of irony, corporate and government elite dine on
safe, organic food while the masses, those very people who are
supposedly represented and protected by their governments, are poisoned
by hidden genetically modified organisms, pesticides and dangerous
contaminants. The presidential family demands organic food in their
kitchen, yet behind closed doors, shake hands with the biotech industry.
China’s top brass is fed by an exclusive, gated organic garden while
the rest of the population consumes GM food, steroid contaminated meat
and dairy laced with melamine. Even Monsanto’s own employee’s command
non-genetically modified food in their canteen. Access to clean, organic
and healthy food is not a given right anymore — it has become a
political battleground with the average citizen suffering the loss.
While First Lady Michelle Obama digs up the White House lawn to plant an organic garden, her husband promotes a GMO agenda within his administration. “You know, in my household, over the last year we have just shifted to organic,” she said in a New Yorker interview during Barack Obama’s 2008 presidential campaign.
Read More @ NaturalNews.com
Please Donate
With a sad twist of irony, corporate and government elite dine on
safe, organic food while the masses, those very people who are
supposedly represented and protected by their governments, are poisoned
by hidden genetically modified organisms, pesticides and dangerous
contaminants. The presidential family demands organic food in their
kitchen, yet behind closed doors, shake hands with the biotech industry.
China’s top brass is fed by an exclusive, gated organic garden while
the rest of the population consumes GM food, steroid contaminated meat
and dairy laced with melamine. Even Monsanto’s own employee’s command
non-genetically modified food in their canteen. Access to clean, organic
and healthy food is not a given right anymore — it has become a
political battleground with the average citizen suffering the loss.While First Lady Michelle Obama digs up the White House lawn to plant an organic garden, her husband promotes a GMO agenda within his administration. “You know, in my household, over the last year we have just shifted to organic,” she said in a New Yorker interview during Barack Obama’s 2008 presidential campaign.
Read More @ NaturalNews.com
from Gold Money:
On October 6, GoldMoney posted my podcast with Robert Wenzel of EconomicPolicyJournal.com. In that podcast, Wenzel expressed concern about the future inflationary implications of the build-up of excess reserves on the Federal Reserve’s balance sheet. Excess reserves represent balance sheet cash parked at the Federal Reserve Board by commercial banks.
Being the banks’ own money, they can gear up their balance sheets on it whenever they choose to do so. However, putting aside the gearing potential of excess reserves, we should at least treat it as cash, despite it being regarded as out of public circulation. There is therefore a strong case for it to be included in the True, or Austrian Money Supply quantity.
Read More @ GoldMoney.com
from VictoryIndependence:
On October 6, GoldMoney posted my podcast with Robert Wenzel of EconomicPolicyJournal.com. In that podcast, Wenzel expressed concern about the future inflationary implications of the build-up of excess reserves on the Federal Reserve’s balance sheet. Excess reserves represent balance sheet cash parked at the Federal Reserve Board by commercial banks.
Being the banks’ own money, they can gear up their balance sheets on it whenever they choose to do so. However, putting aside the gearing potential of excess reserves, we should at least treat it as cash, despite it being regarded as out of public circulation. There is therefore a strong case for it to be included in the True, or Austrian Money Supply quantity.
Read More @ GoldMoney.com
from VictoryIndependence:
by Graham Summers, Gains Pains & Capital:
Is China an economic miracle, or one massive Government-sponsored fraud?
History has shown us countless times that centrally-‐planned, command style economies do not produce long-term economic growth. We’ve seen this will the Soviet Union, the UK, the US-since the Tech Crash, and today in China.
I realize that many would argue China has adopted free market policies with its “free market zones.” However, even this terminology reveals China is nowhere near a free, dynamic market (a free market is simply a free market, not a “zone.”).
Read More @ GainsPainsCapital.com
from Bullion Street:
China is all set to become world’s largest consumer market for jewelry
by 2020, according to Gems&Jewelry Trade Association of China.
The Association said although per capita jewelry purchase in China is far behind that in developed countries, the growing purchasing power of Chinese consumers will provide the fundamentals for rapid market growth.
Sales of jewelry in China reached 40 billion yuan ($6.33 billion) in 2011, an increase of 33 percent year-on-year.
Industry insiders believe that jewelry sales in the country will sustain this brisk pace of growth over the next decade, and jewelry will become the most sought-after possession after real estate and automobiles for China’s growing middle class.
They said many Chinese, particularly women, are wearing jewelry to look prettier or to flaunt their possessions.
Read More @ BullionStreet.com
Is China an economic miracle, or one massive Government-sponsored fraud?
History has shown us countless times that centrally-‐planned, command style economies do not produce long-term economic growth. We’ve seen this will the Soviet Union, the UK, the US-since the Tech Crash, and today in China.
I realize that many would argue China has adopted free market policies with its “free market zones.” However, even this terminology reveals China is nowhere near a free, dynamic market (a free market is simply a free market, not a “zone.”).
Read More @ GainsPainsCapital.com
China is all set to become world’s largest consumer market for jewelry
by 2020, according to Gems&Jewelry Trade Association of China.The Association said although per capita jewelry purchase in China is far behind that in developed countries, the growing purchasing power of Chinese consumers will provide the fundamentals for rapid market growth.
Sales of jewelry in China reached 40 billion yuan ($6.33 billion) in 2011, an increase of 33 percent year-on-year.
Industry insiders believe that jewelry sales in the country will sustain this brisk pace of growth over the next decade, and jewelry will become the most sought-after possession after real estate and automobiles for China’s growing middle class.
They said many Chinese, particularly women, are wearing jewelry to look prettier or to flaunt their possessions.
Read More @ BullionStreet.com
from The Burning Platform:
The majority of Americans seem OK with just waddling through life,
accepting the lies and misinformation blasted from the boob tube and
their various iGadgets by their owners, gorging themselves to death on
Twinkies and Cheetos, paying 15% interest on their $10,000 rolling
credit card balance, and growing ever more dependent on the
welfare/warfare state to provide and protect them from accepting
personal responsibility for their lives. A minority of critical thinking
people have chosen to question everything they see and hear being
spewed at us by the propagandist mainstream media, the corporate fascist
government, and the powerful banking cabal that has an iron grip upon
our throats as they choke the life out of the global economy in their
never ending desire for more riches and more power.
The decline of the Great American Empire cannot be attributed to one factor or one bogeyman. There are a multitude of factors, villains, and choices made by the American people that have led to our moral, civil, social, and economic decline. The kabuki theater that passes for our electoral process is little more than a diversion from our imminent fate. Neither candidate for President has any intention of changing the course of the U.S. Titanic. Our rendezvous with destiny has been charted, and there aren’t nearly enough lifeboats.
Read More @ TheBurningPlatform.com
The majority of Americans seem OK with just waddling through life,
accepting the lies and misinformation blasted from the boob tube and
their various iGadgets by their owners, gorging themselves to death on
Twinkies and Cheetos, paying 15% interest on their $10,000 rolling
credit card balance, and growing ever more dependent on the
welfare/warfare state to provide and protect them from accepting
personal responsibility for their lives. A minority of critical thinking
people have chosen to question everything they see and hear being
spewed at us by the propagandist mainstream media, the corporate fascist
government, and the powerful banking cabal that has an iron grip upon
our throats as they choke the life out of the global economy in their
never ending desire for more riches and more power.The decline of the Great American Empire cannot be attributed to one factor or one bogeyman. There are a multitude of factors, villains, and choices made by the American people that have led to our moral, civil, social, and economic decline. The kabuki theater that passes for our electoral process is little more than a diversion from our imminent fate. Neither candidate for President has any intention of changing the course of the U.S. Titanic. Our rendezvous with destiny has been charted, and there aren’t nearly enough lifeboats.
Read More @ TheBurningPlatform.com
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