by Johnny Silver Bear, SilverBearCafe.com:
I pledge allegiance to the flag...
Remember when you learned those words? It was back when everything was simple. The Pledge of Allegiance was written in 1892 by Francis Bellamy, the circulation manager of the Boston based “The Youth’s Companion” magazine. The end of the Nineteenth Century was a much simpler time. The world was a much simpler place. It is not so simple anymore.
When we recite those seemingly patriotic words, what are we really pledging our allegiance to? To the flag? To the United States? To the Republic for which it stands?
If we are to pledge our allegiance, let it be to an ideal. That ideal should be the American way of life as prescribed by the Constitution.
Read More @ SilverBearCafe.com
from TruthNeverTold :
BTFD...
*Updated: 2nd wave of attack in progress, silver smashed under $34
Friday’s desperate attempts by the cartel to prevent a weekly close about $35 in silver and $1800 in gold were well documented on SD (and even Kitco’s weak attempt to erase the evidence of the massive raid).
This week’s silver COT report revealed that the cartel piled on another 31 million ounces to their net shorts, bringing the commercial net short position in silver to a mind-blowing 289 million ounces.
Thus, it should be no surprise to SD readers that the cartel has just initiated another water-fall decline smash in silver.
Read More @ Silver Doctors
BTFD...
by silver boy,
What is going on with silver?
Recent activity in the silver market (especially on the COMEX over the last week) makes it obvious that silver is being manipulated – and on a scale worse than ever before. It’s so in your face now that even a child could see it. Especially now that we’ve had Kitco cleaning Friday`s silver chart in order to remove the massive down spike and even out the decline. This is as good as confirmation of rigging in the market. And the proof is HERE at silverdoctors for all to see.
The massive dumping of paper contracts into the market in mere minutes is not done to maximize income from those sales, it`s done purely to drop the price. If you were selling multiple tons of a single commodity into a rising market, would you not sell gradually so as not to affect the price negatively? Of course you would. We all want to make a profit and get the best possible price when we sell, don`t we? Well, not in the case of silver it seems. So WHO would be selling silver in such large (paper) amounts in order to negatively affect price? Somebody with something to gain from doing it that’s who. And in my book that means the central bank and government. Read More…
BTFD...
On October 3, 2008, 338 elected officials (263 House reps, 74 Senators and 1 President) took it upon themselves to save America from certain financial doom by passing the Emergency Economic Stabilization Act of 2008, completely ignoring the will of the American people, opting instead to fulfill a Thomas Jefferson prophesy:
Whether you believe China is an economic miracle - or a government-sponsored fraud; and can ignore the broken growth model or believe that the CCP can bailout the world; Michael Pettis, of China Financial Markets, provides a much-needed dose of reality for bulls and bears when it comes to the future of the global growth engine. After summing up (and laying-waste to) the three mainstays of China bulls' arguments:
he asks the three toughest questions any China bull must be able to
answer. Analogizing China's position perfectly he cites Mills: "Panics
do not destroy capital; they merely reveal the extent to which it has
been previously destroyed by its betrayal into hopelessly unproductive
works." Simply put, the bull argument cannot ignore the hidden bad debt.
"Detroit is America's most violent city; its homicide rate is the highest in the country." Detroit Police department's "Enter At Your Own Risk" warning to citizens came at a rally yesterday as they fear under-staffing in the midst of what CBS reports as "the explosion in violent crime" leaves police in "deplorable, dangerous, and war-like conditions." While the union presses for more staff - or higher wages to compensate for the risk - we are sure Snake Plissken can be relied upon to rescue GM's CEO if he needs it.
Gary Johnson just got my vote...F**k the RNC...And the DNC...
If you’re in California, you’re paying sky-high prices for gasoline this week. At some stations, prices are over $5 a gallon. But you might not be aware of why you’re paying this price. The answer may be more than a little disturbing: California’s energy infrastructure is so fragile that a power outage at a single gasoline refinery caused state-wide prices to skyrocket.
Yep, an Exxon Mobil refinery in Torrance was knocked offline several days ago by a local power outage. This, in turn, caused a sudden spike in gasoline prices state-wide. This whole fiasco may have been set off by something like a single electrical transformer failing somewhere along the electrical supply chain.
Read More @ NaturalNews.com
I pledge allegiance to the flag...
Remember when you learned those words? It was back when everything was simple. The Pledge of Allegiance was written in 1892 by Francis Bellamy, the circulation manager of the Boston based “The Youth’s Companion” magazine. The end of the Nineteenth Century was a much simpler time. The world was a much simpler place. It is not so simple anymore.
When we recite those seemingly patriotic words, what are we really pledging our allegiance to? To the flag? To the United States? To the Republic for which it stands?
If we are to pledge our allegiance, let it be to an ideal. That ideal should be the American way of life as prescribed by the Constitution.
Read More @ SilverBearCafe.com
from TruthNeverTold :
BTFD...
from Silver Doctors:
*Updated: 2nd wave of attack in progress, silver smashed under $34Friday’s desperate attempts by the cartel to prevent a weekly close about $35 in silver and $1800 in gold were well documented on SD (and even Kitco’s weak attempt to erase the evidence of the massive raid).
This week’s silver COT report revealed that the cartel piled on another 31 million ounces to their net shorts, bringing the commercial net short position in silver to a mind-blowing 289 million ounces.
Thus, it should be no surprise to SD readers that the cartel has just initiated another water-fall decline smash in silver.
Read More @ Silver Doctors
BTFD...
What is going on with silver?
Recent activity in the silver market (especially on the COMEX over the last week) makes it obvious that silver is being manipulated – and on a scale worse than ever before. It’s so in your face now that even a child could see it. Especially now that we’ve had Kitco cleaning Friday`s silver chart in order to remove the massive down spike and even out the decline. This is as good as confirmation of rigging in the market. And the proof is HERE at silverdoctors for all to see.
The massive dumping of paper contracts into the market in mere minutes is not done to maximize income from those sales, it`s done purely to drop the price. If you were selling multiple tons of a single commodity into a rising market, would you not sell gradually so as not to affect the price negatively? Of course you would. We all want to make a profit and get the best possible price when we sell, don`t we? Well, not in the case of silver it seems. So WHO would be selling silver in such large (paper) amounts in order to negatively affect price? Somebody with something to gain from doing it that’s who. And in my book that means the central bank and government. Read More…
BTFD...
from KingWorldNews:
Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that swap dealers, “… have radically reversed their position (in the silver market).” He also stated, “There is a (massive) battle being raged at that $35 level in silver, just like the $1,800 level in gold. Whichever side blinks first in this is going to experience pain, that’s for sure.”
Norcini has been stunningly accurate in his predictions of the movement of the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in gold and silver: “What we’ve got going on in these markets right now is a build in open interest, speculative inflows being met with commercial selling and swap dealer selling. It has effectively stalemated the action. What we have now (is a situation) where whichever side blinks first, that’s the side that is going to get hit.”
Dan Norcini continues @ KingWorldNews.com
BTFD...
from BrotherJohnf:
Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that swap dealers, “… have radically reversed their position (in the silver market).” He also stated, “There is a (massive) battle being raged at that $35 level in silver, just like the $1,800 level in gold. Whichever side blinks first in this is going to experience pain, that’s for sure.”
Norcini has been stunningly accurate in his predictions of the movement of the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in gold and silver: “What we’ve got going on in these markets right now is a build in open interest, speculative inflows being met with commercial selling and swap dealer selling. It has effectively stalemated the action. What we have now (is a situation) where whichever side blinks first, that’s the side that is going to get hit.”
Dan Norcini continues @ KingWorldNews.com
BTFD...
from BrotherJohnf:
America’s Hijackers – Where Are They Now?
Spoiler Alert: They’re mostly still in office (so much for building suspense).On October 3, 2008, 338 elected officials (263 House reps, 74 Senators and 1 President) took it upon themselves to save America from certain financial doom by passing the Emergency Economic Stabilization Act of 2008, completely ignoring the will of the American people, opting instead to fulfill a Thomas Jefferson prophesy:
“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.”
~ Thomas Jefferson
The Three Toughest Questions For China Bulls
Whether you believe China is an economic miracle - or a government-sponsored fraud; and can ignore the broken growth model or believe that the CCP can bailout the world; Michael Pettis, of China Financial Markets, provides a much-needed dose of reality for bulls and bears when it comes to the future of the global growth engine. After summing up (and laying-waste to) the three mainstays of China bulls' arguments:
he asks the three toughest questions any China bull must be able to
answer. Analogizing China's position perfectly he cites Mills: "Panics
do not destroy capital; they merely reveal the extent to which it has
been previously destroyed by its betrayal into hopelessly unproductive
works." Simply put, the bull argument cannot ignore the hidden bad debt.Paris Luxury Apartment Prices Slide As French "1%"ers Dump Real Estate To Avoid Soaring Taxes
Back in July, when the news of the French foray into the "fairness doctrine" hit, and we learned of Hollande's plan to tax all those making over €1 million at a 75% tax rate, we said that "we are rotating our secular long thesis away from Belgian caterers and into tax offshoring advisors, now that nobody in the 1% will pay any taxes ever again." We should have also added that we are buying all the available long-dated call options in French real estate firms, with the imminent surge in luxury real estate dumping, once the French "1%" decide they want nothing to do with a regime that is hell bent on confiscating 75% of their annual cash flow at first, and slowly moving toward pocketing the balance of their assets (remember what we said in September 2011: that 30% global tax on all financial assets in a New Normal insolvent, and wealth redistributive world, is inevitable, and it is coming). Sure enough, the wholesale dump of luxury properties has now begun. AFP writes: "A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say. "It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property." But that would mean that in the New Normal real estate is once again merely a credit-bubble dependent, flippable asset: not a long-term housing investment, but merely one in which the pursuit of the greater fool is all that matters (not news to anyone here, but certainly news to all those who actually believe that 'housing has bottomed').Enter Detroit At Your Own Risk!
"Detroit is America's most violent city; its homicide rate is the highest in the country." Detroit Police department's "Enter At Your Own Risk" warning to citizens came at a rally yesterday as they fear under-staffing in the midst of what CBS reports as "the explosion in violent crime" leaves police in "deplorable, dangerous, and war-like conditions." While the union presses for more staff - or higher wages to compensate for the risk - we are sure Snake Plissken can be relied upon to rescue GM's CEO if he needs it.
Gary Johnson just got my vote...F**k the RNC...And the DNC...
by Mike Adams, Natural News:
If you’re in California, you’re paying sky-high prices for gasoline this week. At some stations, prices are over $5 a gallon. But you might not be aware of why you’re paying this price. The answer may be more than a little disturbing: California’s energy infrastructure is so fragile that a power outage at a single gasoline refinery caused state-wide prices to skyrocket.
Yep, an Exxon Mobil refinery in Torrance was knocked offline several days ago by a local power outage. This, in turn, caused a sudden spike in gasoline prices state-wide. This whole fiasco may have been set off by something like a single electrical transformer failing somewhere along the electrical supply chain.
Read More @ NaturalNews.com
by Jurriaan Maessen, Explosive Reports:
For whoever may doubt the mindset and intent of European nobility and
the influence she continues to wield in world affairs, it may be
necessary to give a short summing up of the most notorious crimes
perpetrated by one of those elite families. The tale I am about to
disseminate is illustrative for the way freedom, a fragile gem, will be
snatched away from the hands of nation-states if its inhabitants
discontinue their vigilance.
Rise of the Republic
We descend down into the 16th century. Both as a refuge for political thinkers and a base for liberty, the Republic of the Seven United Provinces seemed to be born under an unlikely yet favourable star sign. In clear defiance of the Holy Roman Empire, Holland worked to free itself from the bonds of slavery it had moaned under for the previous centuries. More or less incapable to do anything about it, the surrounding tyrants looked on as the Low Countries one day proclaimed sovereignty. As would be expected they thought it a deeply disturbing development, not to be tolerated lest other nations follow its shining example. Even more outrageous was the young Republic’s inclination toward recognising basic human liberties and restricting the ancient influence of feudal lords. It was ironical in retrospect that an Orange, William the Silent, turned out being the one realising the independence on which the fragile Republic was beginning to flourish. As the first and only member of that accursed house to actually propagate liberty instead of tyranny, William began an open rebellion against the reigning Philip II and his handlers in Madrid.
Read More @ ExplosiveReports.com
For whoever may doubt the mindset and intent of European nobility and
the influence she continues to wield in world affairs, it may be
necessary to give a short summing up of the most notorious crimes
perpetrated by one of those elite families. The tale I am about to
disseminate is illustrative for the way freedom, a fragile gem, will be
snatched away from the hands of nation-states if its inhabitants
discontinue their vigilance.Rise of the Republic
We descend down into the 16th century. Both as a refuge for political thinkers and a base for liberty, the Republic of the Seven United Provinces seemed to be born under an unlikely yet favourable star sign. In clear defiance of the Holy Roman Empire, Holland worked to free itself from the bonds of slavery it had moaned under for the previous centuries. More or less incapable to do anything about it, the surrounding tyrants looked on as the Low Countries one day proclaimed sovereignty. As would be expected they thought it a deeply disturbing development, not to be tolerated lest other nations follow its shining example. Even more outrageous was the young Republic’s inclination toward recognising basic human liberties and restricting the ancient influence of feudal lords. It was ironical in retrospect that an Orange, William the Silent, turned out being the one realising the independence on which the fragile Republic was beginning to flourish. As the first and only member of that accursed house to actually propagate liberty instead of tyranny, William began an open rebellion against the reigning Philip II and his handlers in Madrid.
Read More @ ExplosiveReports.com
by Madison Ruppert, Activist Post
Absurd actions from the New York Police Department (NYPD) has come to be expected given that they have been busted spying far outside of their jurisdiction, establishing offices around the world including Israel, arresting people for dancing, labeling people “professional agitators” for filming them, engaging in widespread surveillance and even throwing an officer in a psychiatric ward for reporting corruption.
Yet it seems that they are trying to one-up their own insanity by actually sending the mother of someone they killed with one of their police cars a $710 repair bill to cover the damage his body did to their cruiser.
Yes, you read that right, the NYPD actually sent a bill to fix the dent left by now dead 23-year-old Tamon Robinson, who was killed by an NYPD vehicle in Brooklyn in April, to his still-mourning family.
Read More @ Activist Post
Absurd actions from the New York Police Department (NYPD) has come to be expected given that they have been busted spying far outside of their jurisdiction, establishing offices around the world including Israel, arresting people for dancing, labeling people “professional agitators” for filming them, engaging in widespread surveillance and even throwing an officer in a psychiatric ward for reporting corruption.
Yet it seems that they are trying to one-up their own insanity by actually sending the mother of someone they killed with one of their police cars a $710 repair bill to cover the damage his body did to their cruiser.
Yes, you read that right, the NYPD actually sent a bill to fix the dent left by now dead 23-year-old Tamon Robinson, who was killed by an NYPD vehicle in Brooklyn in April, to his still-mourning family.
Read More @ Activist Post
by Jim Sinclair, JS Mineset:
My Dear Friends,
Did you notice that $1775 was Friday’s low in gold? $1775 has taken on more meaning as it has been arbitrarily elected maybe because of its implications in the silver/gold ratio.
Personally, I think ratios have 20/20 vision backward and are blind looking forwards. They do however make good conversation when there is nothing else to talk about.
The range for gold now is clearly $1750 to $1800.
We witnessed the most transparent false report on employment in statistical history Friday. What party does not want to see gold above $1800 before the election? I would say the party of the Banksters, therefore their tool is the gold banks.
Read More @ JS Mineset
My Dear Friends,Did you notice that $1775 was Friday’s low in gold? $1775 has taken on more meaning as it has been arbitrarily elected maybe because of its implications in the silver/gold ratio.
Personally, I think ratios have 20/20 vision backward and are blind looking forwards. They do however make good conversation when there is nothing else to talk about.
The range for gold now is clearly $1750 to $1800.
We witnessed the most transparent false report on employment in statistical history Friday. What party does not want to see gold above $1800 before the election? I would say the party of the Banksters, therefore their tool is the gold banks.
Read More @ JS Mineset
by Susanne Posel, Occupy Corporatism:
In Texas, children attending school in the Northside Independent School District will be required to carry RFID chipped cards while on campus. The 6,000 student’s movements will be monitored by faculty, in a pilot program that hopes to expand to tracking all students in the 12 districts.
Principal Wendy Reyes of Jones Middle School, explains: “It’s going to give us the opportunity to track our students in the building. They may have been in the nurse’s office, or the counselor’s office, or vice principal’s office, but they were markedly absent from the classroom because they weren’t sitting in the class. It will help us have a more accurate account of our attendance.”
Schools being the intended beta-test ground for social conditioning, is using RFID chips to track students as cattle is monitored on a ranch; impeding on their privacy and dignity.
Read More @ OccupyCorporatism.com
In Texas, children attending school in the Northside Independent School District will be required to carry RFID chipped cards while on campus. The 6,000 student’s movements will be monitored by faculty, in a pilot program that hopes to expand to tracking all students in the 12 districts.
Principal Wendy Reyes of Jones Middle School, explains: “It’s going to give us the opportunity to track our students in the building. They may have been in the nurse’s office, or the counselor’s office, or vice principal’s office, but they were markedly absent from the classroom because they weren’t sitting in the class. It will help us have a more accurate account of our attendance.”
Schools being the intended beta-test ground for social conditioning, is using RFID chips to track students as cattle is monitored on a ranch; impeding on their privacy and dignity.
Read More @ OccupyCorporatism.com
Greece
cannot have more time to repay its debt to the European Central Bank
because it would be illegal and “illogical”, board member Joerg Asmussen
has said, as he shut the door on pleas for leniency from the bank.
by Szu Ping Chan, The Telegraph:
Mr Asmussen said that the ECB could not lengthen the time period for
loans to Greece or lower interest rates as “both concessions would be a
form of debt forgiveness and therefore a direct financial support for
the Greek state.
“That would not be allowed under the law governing the ECB,” he said.
He also said that it would be wrong for Greece to say it needed more time but not more money.
“A temporary extension of fiscal targets automatically means that Greece needs more financial assistance from abroad.” he told German newspaper Bild am Sonntag.
“It is logically quite wrong to say: we need more time, but not more money.”
Read More @ Telegraph.co.uk
While
the world awaits with bated breath to find out if Hugo Chavez has lost
the first "presidential" election in 14 years (an outcome with major
implications for the crude market), which according to the latest exit
polls he was trailing 48.1% to 51.3% to challenger Henrique Capriles, Diebold post-processing and hanging chad pro
forma-ing notwithstanding, the question is what happens if there is a
peaceful overthrow at the helm of the Latin American commodities
powerhouse. And we use the term "peaceful" loosely: because the twitter
stream is currently abuzz with a picture of tanks in
Venezuela's capital as seen below. Hopefully they are merely waiting
in line at the drive thru for the latest BK value meal and nothing
more.
Forget the nuances of taxes, abortion rights, social warfare welfare, religion, or entitlements. The following chart is all the average US Citizen needs to know in order to unflap that hanging chad in November...
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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.
by Szu Ping Chan, The Telegraph:
Mr Asmussen said that the ECB could not lengthen the time period for
loans to Greece or lower interest rates as “both concessions would be a
form of debt forgiveness and therefore a direct financial support for
the Greek state.“That would not be allowed under the law governing the ECB,” he said.
He also said that it would be wrong for Greece to say it needed more time but not more money.
“A temporary extension of fiscal targets automatically means that Greece needs more financial assistance from abroad.” he told German newspaper Bild am Sonntag.
“It is logically quite wrong to say: we need more time, but not more money.”
Read More @ Telegraph.co.uk
As World Awaits Venezuela Presidential Results, Tanks Enter Caracas
While
the world awaits with bated breath to find out if Hugo Chavez has lost
the first "presidential" election in 14 years (an outcome with major
implications for the crude market), which according to the latest exit
polls he was trailing 48.1% to 51.3% to challenger Henrique Capriles, Diebold post-processing and hanging chad pro
forma-ing notwithstanding, the question is what happens if there is a
peaceful overthrow at the helm of the Latin American commodities
powerhouse. And we use the term "peaceful" loosely: because the twitter
stream is currently abuzz with a picture of tanks in
Venezuela's capital as seen below. Hopefully they are merely waiting
in line at the drive thru for the latest BK value meal and nothing
more.Why 'Savers' Should Vote Republican And 'Homeowners' Democrat
Forget the nuances of taxes, abortion rights, social warfare welfare, religion, or entitlements. The following chart is all the average US Citizen needs to know in order to unflap that hanging chad in November...
from Capital Account:
This is a Capital Account, web-extra from our Thursday, September 27th interview with former NYMEX board and executive committee member David Greenberg; a 25-year veteran crude oil trader. David lectures at major universities around the country and is a frequent guest lecturer for the finance program at both Hofstra University and the Whitman School of Management at Syracuse University. He also teaches a course on the transition to electronic trading at the Museum of American Finance.
In this web-extra, David Greenberg breaks down exactly how and why algorithmic trading can create price vacuums in markets that, given the right of circumstance, could create dramatic price drops unlike anything that one could expect to see in a market where sell and buy orders are filled by humans and not machines. The Flash Crash of March 2010 is a perfect example.
Moments ago the Venezuelan Electoral Council (one wonders if the term 'Hanging Chad' has a different meaning down there?), announced that with 90% of the votes counted, and an 80.4% turnout, the winner of 54.4% of the vote, and still reigning presidential champion, is Venezuela's Hugo Chaved. This is not surprising. What is quite stunning however, is that someone made an absolute killing in the Chavez reelection contract, which after trading in the 80s range (indicating an 80% probability of reelection), dipped moments ago to the low 20s, following speculation Chavez may be on the way out, only to soar to 99.9 as of the last trade. In other words, someone just made 5x their money on the Chavez vote in minutes. Congrats.
This is a Capital Account, web-extra from our Thursday, September 27th interview with former NYMEX board and executive committee member David Greenberg; a 25-year veteran crude oil trader. David lectures at major universities around the country and is a frequent guest lecturer for the finance program at both Hofstra University and the Whitman School of Management at Syracuse University. He also teaches a course on the transition to electronic trading at the Museum of American Finance.
In this web-extra, David Greenberg breaks down exactly how and why algorithmic trading can create price vacuums in markets that, given the right of circumstance, could create dramatic price drops unlike anything that one could expect to see in a market where sell and buy orders are filled by humans and not machines. The Flash Crash of March 2010 is a perfect example.
As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade
Moments ago the Venezuelan Electoral Council (one wonders if the term 'Hanging Chad' has a different meaning down there?), announced that with 90% of the votes counted, and an 80.4% turnout, the winner of 54.4% of the vote, and still reigning presidential champion, is Venezuela's Hugo Chaved. This is not surprising. What is quite stunning however, is that someone made an absolute killing in the Chavez reelection contract, which after trading in the 80s range (indicating an 80% probability of reelection), dipped moments ago to the low 20s, following speculation Chavez may be on the way out, only to soar to 99.9 as of the last trade. In other words, someone just made 5x their money on the Chavez vote in minutes. Congrats.
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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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