David Stockman Warns: THE END IS NEAR

by SGT, SGT Report.com:
There is a sea change in the monetary world occurring at this very moment. The world’s reserve currency, the Dollar, is now in its twilight years (or months) as China, Russia and even US allies make dramatic moves away from the world’s Petro-dollar based system – and toward Asia.
David Stockman who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.
We suggest you share this information with anyone and everyone about whom you care.
On the Fed:

“First of all we have a central bank, the Fed, that is out of control, has been for years. We have now printed more money than was even imaginable ten years ago. Four and a half TRILLION. We started at the time of the financial crisis with a balance sheet at the Fed of $900 Billion – it took 94 years to get there. And in a few months and years we quadrupled it.”

Read More…

US To China: 'Infrastructure Bank' This! - Test-Fires ICBM As A "Visual To The World"

Submitted by Tyler Durden on 03/23/2015 - 19:09 With allies migrating en masse to China's new infrastructure bank (and even the US having to admit it will 'cooperate'), it appears America has fallen back on what has worked for it in the past to ensure the world's largest creditor remains the world's reserve currency ad inifinitum - rattle its nuclear missile sabre... As the following clip shows, The US Air Force just test-fired a Minuteman III intercontinental ballistic missile from California, providing a "visual to the world."

The Moment When The San Francisco Fed Finally Figures Out What "Debt" Is

Submitted by Tyler Durden on 03/23/2015 - 17:33 "Leverage is risky. Purchasing assets with borrowed money can amplify small movements in prices into extraordinary gains or crippling losses, even default."
- San Fran Fed
 

This US State is on the Verge of a Silver & Gold Revolution!

from The Wealth Watchman:
Restoring Sovereignty, One State at a Time
As we recently observed, the “brilliant” elites in DC are currently in full retreat across a broad spectrum of international issues. From being routed on the issue of a Russia/China-led bank in Asia, to having their IMF storm-troopers thrashed in eastern Europe, it’s wonderful to see them with their tail between their legs on such a regular basis!
As I promised back on Friday, I wanted to let our shield brother community know of some encouraging news in the effort to restore honest money here in our lands.  Recently, there has been some very promising news on that front, as one state in particular here in the US, is now considering a piece of legislation which would be nothing short of revolutionary if passed.
Read More…

Russian Sub "Caught" By UK Fisherman After Moscow Threatens To Nuke Denmark

Submitted by Tyler Durden on 03/23/2015 - 18:00 Angus Macleod made a valiant effort to counter Russian nuclear aggression but in the end couldn't quite land Moby Dick...

Japan's Pacific Rim Job: Build 250-Mile Anti-Tsunami Wall To Create Jobs

Submitted by Tyler Durden on 03/23/2015 - 21:00 It appears Japanese policy-makers are getting inspiration from Hollywood for their latest economic 'fixes'. Having begun the building of a giant 'Game of Thrones'-esque ice-wall to hold back the radiation leaking from Fukushima (only to fail miserably); AP reports the latest cunning plan from the Japanese is to build a Pacific-Rim-esque "massive, costly sea wall to fend off tsunamis." The $6.8 billion, 250-mile-long, 41-foot-high concrete barrier public works project is seen by some as a necessary evil, and by others as a jail... Perhaps The UN's head of Disaster Risk Reduction summed it up best - "There's a bit of an over-belief in technology as a solution."

MY FELLOW AMERICANS: WAKE (THE HELL!) UP

by Anon, SGT Report.com:
Do you want to know the REAL reason the American Dream is unraveling? Seriously?
pictured: Benito Mussolini and Adolf Hitler, courtesy scholarlyresearchandarticles.
ALL the “-ism”s break down to FASCISM – the Multinational Corporations in bed with the U.S. Government (Con-gress). FASCISM is simply what will be used to bring about the TECHNOCRACY, unless AMERICANS WAKE (THE HELL!) UP.
ABSOLUTE MUST WATCH: Catherine Austin Fitts Explains It All: THE BLACK BUDGET FASCIST MACHINE
X22 Report: Central Bankers Can’t Stop The Economic Collapse Instead They Will Cover It Up
(Read all the comments, click on the links…read/view/listen to all content)
Bankers Destroy Global Economy by Design to Consolidate Power
Methodical Illusion: The 9/11 Con Begins to Crumble — Rebekah Roth
Patrick Wood discusses TECHNOCRACY – and suddenly, ALL the pieces fit together: “The Dark Horse of the New World Order is not Communism, Socialism, or Fascism. It is Technocracy.”  Caravan To Midnight: Episode 250 – Technocracy Rising — Patrick Wood w/John B. Wells
“WE are grateful to the Washington Post, the NY Times, Time Magazine, and other great publications whose directors have attended our meetings, and respected their promises of discretion for almost 40 years. It would have been impossible for us to develop OUR PLAN for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a World Government. The supranational sovereignty of an INTELLECTUAL ELITE and World Bankers is surely preferable to the national auto-determination practiced in past centuries.” – David Rockefeller, founder of the Trilateral Commission, in an address to the Trilateral Commission, in June, 1991.
My fellow Americans, WAKE (THE HELL!) UP. ~ anon

Caught Between A Housing Bubble And Falling Crude Prices, Norway Will Invest Oil Riches In Foreign Real Estate

Submitted by Tyler Durden on 03/23/2015 - 20:30 Just as the central bank runs out of viable options, the country's sovereign wealth fund (which once famously loaded up on Greek bonds) is set to buy "a lot" of Asian property with the country's oil riches.

US "Loses" $500 Million In Weapons Given To Yemen, Now In Al-Qaeda Hands

Submitted by Tyler Durden on 03/23/2015 - 19:25 Just when we thought it was logistically impossible for US foreign policy to be any more incompetent and cluless, we read this...

Paul Krugman Is Wrong About The UK And Borrowing

Submitted by Tyler Durden on 03/23/2015 - 19:00 Krugman wants his US readers to believe that all proper economists now agree that cutting deficits was a bad mistake, and it’s only self-interested finance types and ideologically-motivated politicians and think-tankers that take a different view. But that’s nonsense. Just think about it: “Everyone agrees that austerity was a mistake”… apart from every government in Europe except the Greeks, and the economists and many of the civil servants that advise them. Krugman and his fan-club do not constitute all serious opinion, much as they might like to regard themselves that way. It’s all very nice sitting in a US university office preaching to the Europeans (or, indeed, preaching in the New York Times)

What The Sell-Side Thinks Will Happen To The Dollar Next

Submitted by Tyler Durden on 03/23/2015 - 18:30 "The Fed is a reluctant Dollar bull," explains Goldman Sachs, noting that Yellen inadvertently revealed the FOMC's expectation that coming policy changes will boost the greenback. Broadly speaking the rest of the sell-side has herded along into the strong US Dollar camp with only Unicredit (rate shift may slow recent very strong USD momentum) and Morgan Stanley (suggesting USD corrective activity) backing away from full dollar bull though most suggest adding to dollar longs on any dip as the most crowded trade in the world gets crowded-er. Then Stan Fischer added... "DOLLAR WON'T KEEP RISING FOREVER."
 

Fighting The "War on Terror" By Banning Cash

Submitted by Tyler Durden on 03/23/2015 - 18:29 It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

There Goes The Shale M&A Bid - Whiting Petroleum Finds 'No Buyer', Forced To Issue Massive Secondary

Submitted by Tyler Durden on 03/23/2015 - 17:54 TINA - There Is No Alternative... except when it comes to energy stocks. Having been exuberantly chased brioefly after announcing it was looking for a buyer - fueling further excitement about a low-oil-price-driven Shale firm M&A boom - Whiting Petroleum appears to have found no buyer as it prepares for a massive 35 million share secondary dilution (and almost $2bn of new debt). We wonder - have they tried Kickstarter?

4 WTF Charts That Summarize Today's "Market"

Submitted by Tyler Durden on 03/23/2015 - 17:00
 

US Army Refuses to Address Concerns Over Texas Being Labeled “Hostile” Territory

by Paul Joseph Watson, Infowars:
The U.S. Army Special Operations Command responded to reports about the upcoming Jade Helm military exercise by characterizing concerns about the drill “alarmist,” but failed to address why Texas and Utah had been labeled “hostile” territory in documents related to the exercise.

As Infowars reported last week, Jade Helm 15, a “realistic” military training exercise which will involve the Green Berets, Navy Seals, and the 82nd Airborne Division, will take place throughout Texas, New Mexico, Arizona, California, Nevada, Utah and Colorado from July 15 to September 15.

USASOC spokesman Lt. Col. Mark Lastoria responded to charges that the exercise was part of preparations for martial law by claiming the drills were designed to ready troops for overseas operations.

Read More @ Infowars.com

17 Scientists Speak Out: Monsanto’s Roundup is Causing Cancer

by Mike Barrett, Natural Society:
Are the full body protective suits not enough of a tip off that pesticides are toxic? If not, consider this: Monsanto’s Roundup herbicide – the most widely used and best-selling herbicide in the U.S. and one of the world’s most popular weed-killers – has been labeled a probable carcinogen by the International Agency for Research on Cancer.
The decision was made by IARC, the France-based cancer research arm of the World Health Organization, which considered the status of five insect and weed killers including glyphosate, which is used globally in industrial farming.
Read More @ Natural Society

Wall Street Banks Hit by Oil & Gas Defaults, Bankruptcies

from Wolf Street:
The fracking boom has been cash-flow negative for oil and gas drillers from the very beginning. The steep decline rates of fracked wells force producers to drill more wells just to keep production and revenues flat, even at high oil prices. They fund this drilling with debt. To show revenue growth, drillers have to get on an ever faster-moving treadmill of more production and more debt. To support that growing debt, they have to produce more and take on even more debt. They can never get off that treadmill. And their suppliers are on the treadmill with them.
This worked as long as the Fed’s interest-rate repression blinded investors to risk, made them desperate for yield, and encouraged them to sink ever more money into the industry.
Read More @ Wolfstreet.com
image/gannett-cdn.com

 

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