Looking for signs that the country's largest asset management firms believe a market meltdown may be on the horizon? Look no further than Vanguard and several other large ETF providers who have set up billions in credit lines with banks to guard against the possibility that a wave of redemptions could wreak havoc on illiquid credit markets.
"We The People" Need To Circle The Wagons: The Government Is On The Warpath
Submitted by Tyler Durden on 05/13/2015 - 22:00 Have you ever wondered why the Constitution begins with those three words “we the people”? It was intended to be a powerful reminder that everything flows from the citizenry. We the people are the center of the government and the source of its power. That “we” is crucial because it reminds us that there is power and safety in numbers, provided we stand united. We can accomplish nothing alone. Unfortunately, we have been ousted from that protected circle, by the courts, the politicians, and the corporations - replacing us with yes-men, shills who dance to the tune of an elite ruling class. To put it a little more bluntly, stop thinking like mindless government robots and start acting like a powerhouse of citizens vested with the power to say “enough is enough.”
45% Of US Voters Are Worried The Government Will Use Military Training Exercises For Power Grab
Submitted by Tyler Durden on 05/13/2015 - 17:40 Mainstream media reporting on the controversy over the Jade Helm 15 military exercises, set to take place over eight weeks across several U.S. states, was primarily about characterizing and demonizing Texans concerned about the exercises as backwater, paranoid rednecks with wild fantasies about an imminent government takeover. While exercises like these will always cause the imagination of some to run amok, the key point here is this: concerns that U.S. military exercises will be used to exert more power over states is not a fringe view.
from FinancialSurvivalNetwork.com:
Bo Polny of Gold2020Forecast
joined us today for an update on major markets. He’s calling for a
major sell-off on the dollar and treasuries. He also sees a major
sell-off on world stock markets as well. It’s going to occur before
summer and this will lead to a major increase in gold and silver prices.
He believes that you need to be long gold and silver and short the
dollar and bonds. Will he be right this time, we’ll know shortly.
Click Here to Listen
Bo Polny of Gold2020Forecast
joined us today for an update on major markets. He’s calling for a
major sell-off on the dollar and treasuries. He also sees a major
sell-off on world stock markets as well. It’s going to occur before
summer and this will lead to a major increase in gold and silver prices.
He believes that you need to be long gold and silver and short the
dollar and bonds. Will he be right this time, we’ll know shortly.Click Here to Listen
Good Day to you, SHTF Readers, and I hope everyone is doing well. This
piece is an “open article,” so to speak. I wish to present a few facts
and resources as well as my thoughts on the matter, but it is you guys
and gals who I wish to hear from. There is a ton of information
floating around out there and you are an intelligent and well-informed
readership; undoubtedly you have read or heard of much of the
information.In subsequent articles I am going to present an upcoming project that I am working on. The project is so intricate and interrelated within all of its facets that it will be commented upon with only a few paragraphs and presented in outline form. The subject has to do with the demise (labeled “fundamental transformation” by the regime) of the United States and all of the component parts of that demise. This piece today examines the relationship between two of these facets that will have a major impact upon the dissolution of our country.
Read More @ SHTFPlan.com
Econet Wireless is now allowing group savings on its mobile money
platform, EcoCash, a development the company says will reduce risks
associated with cash handling. Savings groups are common in most African
communities whereby members in a group put money together for a common
interest such as buying properties or for funding functions such as
funerals or weddings. Most of these groups appoint a member or take
turns to keep the money inside their houses.“They (saving groups) typically consist of a group of members who each contribute regularly into a cash pool that members borrow from on a rotating basis. While the practice is widespread, savings clubs face security risks in handling cash and difficulties in tracking contributions and withdrawals from members,” said an official at Econet Wireless. – ITWeb Africa, May 8, 2015
Evolutionary biologists tells us that humanity itself came from Africa. Now that continent may be leading the world back toward honest money.
Read More @ TheDailyBell.com
from JayTaylorMedia:
from The Wealth Watchman:
Read More…
Battle for the Balkans II
I’ve recently written
about the likely offer from the Kremlin, to advance as much as $5
billion dollars to Greece for the transit fees, which would come from
the new Turk Stream pipeline going through their country. Now, whether
or not this deal is ever tabled or accepted, it cannot “fix” Greece, and
it cannot stop the default which must occur there. Nevertheless, this proposition is creating alot of brouhaha, and it darn well should!
This offer(not to mention the pipeline itself) would be a real
gamechanger, not just for Greece, but for the balance of power in much
of Eastern Europe.Read More…
by Christina Sarich, Natural Society:
We’ve been warning about GM contamination risks for a while at Natural Society, but the USDA doesn’t seem to want to contain the issue. This, while three major countries jointly issue a warning that genetically modified organisms pose too large a risk for contaminating other plants. This follows the EUs recent authorization of 17 new GMOs meant for animal feed and human consumption.
The contamination risk looms large since even unapproved GM crops have been found growing where they shouldn’t be. One strain of genetically modified wheat was discovered in Oregon several years ago. The Roundup Ready strain was nixed in 2005 when global resistance to Monsanto forced the company to stop working on it. It was never approved for use, let along growing and exporting, but there it was growing in the middle of the US.
Read More @ NaturalSociety.com
We’ve been warning about GM contamination risks for a while at Natural Society, but the USDA doesn’t seem to want to contain the issue. This, while three major countries jointly issue a warning that genetically modified organisms pose too large a risk for contaminating other plants. This follows the EUs recent authorization of 17 new GMOs meant for animal feed and human consumption.The contamination risk looms large since even unapproved GM crops have been found growing where they shouldn’t be. One strain of genetically modified wheat was discovered in Oregon several years ago. The Roundup Ready strain was nixed in 2005 when global resistance to Monsanto forced the company to stop working on it. It was never approved for use, let along growing and exporting, but there it was growing in the middle of the US.
Read More @ NaturalSociety.com
by Prof Michel Chossudovsky, Global Research:
Jeb Bush is a presidential candidate. But Jeb is not only the brother of George W. and the son of George H. W. Bush.
Jeb Bush also had close personal ties to Raul Salinas de Gortiari, brother of Mexico’s former president Carlos Salinas de Gortiari. In the 1990s, Raul the “drug kingpin”, according to Switzerland’s federal prosecutor Carla del Ponte, was one of the main figures of the Mexican Drug Cartel.
Jeb Bush –before becoming Governor of the Sunshine State– was a close friend of Raul Salinas de Gortiari:
Jeb Bush is a presidential candidate. But Jeb is not only the brother of George W. and the son of George H. W. Bush.Jeb Bush also had close personal ties to Raul Salinas de Gortiari, brother of Mexico’s former president Carlos Salinas de Gortiari. In the 1990s, Raul the “drug kingpin”, according to Switzerland’s federal prosecutor Carla del Ponte, was one of the main figures of the Mexican Drug Cartel.
Jeb Bush –before becoming Governor of the Sunshine State– was a close friend of Raul Salinas de Gortiari:
“There has also been a great deal of speculation in Mexico about the exact nature of Raul
Salinas’ close friendship with former President George Bush’s son, Jeb.
It is well known here that for many years the two families spent
vacations together — the Salinases at Jeb Bush’s home in Miami, the
Bushes at Raul’s ranch, Las Mendocinas, under the volcano in Puebla.
Read More @ GlobalResearch.ca
from Forbes:
For the gold bugs out there, a quickie: China is launching a facility that allows the yuan’s value to be fixed against gold.
A gold fixing facility exists in London, but China wants its own – reflecting its ambitions as a global financial player. The establishment of a China-based gold fix for the yuan also marginally undermines the dollar as the global benchmark currency, says Jan Dehn, an economist with the Ashmore Group in London, a $70 billion asset management firm.
“The establishment of a gold fix will probably also aid China’s ambition to achieve Special Drawing Rights inclusion this year,” Dehn says about China’s ambition to become part of the International Monetary Fund’s reserve basket along with the yen, dollar and euro.
Read More @ Forbes.com
For the gold bugs out there, a quickie: China is launching a facility that allows the yuan’s value to be fixed against gold.A gold fixing facility exists in London, but China wants its own – reflecting its ambitions as a global financial player. The establishment of a China-based gold fix for the yuan also marginally undermines the dollar as the global benchmark currency, says Jan Dehn, an economist with the Ashmore Group in London, a $70 billion asset management firm.
“The establishment of a gold fix will probably also aid China’s ambition to achieve Special Drawing Rights inclusion this year,” Dehn says about China’s ambition to become part of the International Monetary Fund’s reserve basket along with the yen, dollar and euro.
Read More @ Forbes.com
from The Daily Sheeple:
American’s frequently complain about the amount of income taxes they have to pay every year, and understandably so. Income taxes average between 20-30% for most middle and upper-class Americans. However, US citizens hardly pay the most when compared to the rest of the world. Belgium, for instance, has the highest income tax rate for average wage earners, at 42.8%.
But where these statistics get tricky, is when it comes to hidden taxes. The one’s that don’t show up on your tax form. For that, United States takes the cake, or is at least paying more than most countries. A new report from the Competitive Enterprise Institute found that Americans are collectively paying $1.88 trillion due to federal regulations. When a new regulation is enforced on a particular industry, those costs are passed down to the consumer, so the things we buy and the services we use have a hidden tax that doesn’t show up on the price tag.
Read More @ TheDailySheeple.com
American’s frequently complain about the amount of income taxes they have to pay every year, and understandably so. Income taxes average between 20-30% for most middle and upper-class Americans. However, US citizens hardly pay the most when compared to the rest of the world. Belgium, for instance, has the highest income tax rate for average wage earners, at 42.8%.
But where these statistics get tricky, is when it comes to hidden taxes. The one’s that don’t show up on your tax form. For that, United States takes the cake, or is at least paying more than most countries. A new report from the Competitive Enterprise Institute found that Americans are collectively paying $1.88 trillion due to federal regulations. When a new regulation is enforced on a particular industry, those costs are passed down to the consumer, so the things we buy and the services we use have a hidden tax that doesn’t show up on the price tag.
Read More @ TheDailySheeple.com
Those not in the labor force hits another record at 93,194,000.
from MyBudget360.com:
The unemployment rate is calculated by those in what is deemed the labor force. With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up. That is definitely not the case. Every single day we have 11,000 Americans hitting 65 years of age and many are approaching retirement with the “work until I die” mentality because they are financially ill prepared. We also have a gargantuan number of Americans not in the labor force. These are people able to work but are simply not doing so for a variety of reasons. Many of the reasons are legitimate like old age, college, or a disability but millions are on here that should be counted in the unemployment rate. While the market was cheering the unemployment rate dropping to a level that takes us back to pre-recession levels, we now somehow have a record number of Americans not in the labor force. The number is downright shocking.
Read More @ MyBudget360.com
from MyBudget360.com:
The unemployment rate is calculated by those in what is deemed the labor force. With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up. That is definitely not the case. Every single day we have 11,000 Americans hitting 65 years of age and many are approaching retirement with the “work until I die” mentality because they are financially ill prepared. We also have a gargantuan number of Americans not in the labor force. These are people able to work but are simply not doing so for a variety of reasons. Many of the reasons are legitimate like old age, college, or a disability but millions are on here that should be counted in the unemployment rate. While the market was cheering the unemployment rate dropping to a level that takes us back to pre-recession levels, we now somehow have a record number of Americans not in the labor force. The number is downright shocking.
Read More @ MyBudget360.com
by J. D. Heyes, Natural News:
In a recent statement following a low-level attack on a free speech
event in Garland, Texas, the terrorist regime known as the Islamic State
of Iraq and Syria (ISIS) said that more attacks in America were on the
way.
“We say to the defenders of the cross, the U.S., that future attacks are going to be harsher and worse,” the statement read. “The Islamic State soldiers will inflict harm on you with the grace of Allah. The future is just around the corner.”
The group had issued its statement on Al Bayan radio shortly after two “soldiers of the Caliphate” — identified as Elton Simpson and roommate Nadir Soofi of Arizona — drove up to the Curtis Culwell Center in Garland, where an event organized by the New York-based American Freedom Initiative, led by Pamela Geller, was staging a contest to see who could draw the best caricature of the Prophet Muhammad. In Islam, any depiction of Muhammad — caricature or serious — is considered an insult. When the pair exited their vehicle, they began firing at an off-duty police officer who was acting as a security guard for the event. The officer killed both men.
Read More @ NaturalNews.com
In a recent statement following a low-level attack on a free speech
event in Garland, Texas, the terrorist regime known as the Islamic State
of Iraq and Syria (ISIS) said that more attacks in America were on the
way.“We say to the defenders of the cross, the U.S., that future attacks are going to be harsher and worse,” the statement read. “The Islamic State soldiers will inflict harm on you with the grace of Allah. The future is just around the corner.”
The group had issued its statement on Al Bayan radio shortly after two “soldiers of the Caliphate” — identified as Elton Simpson and roommate Nadir Soofi of Arizona — drove up to the Curtis Culwell Center in Garland, where an event organized by the New York-based American Freedom Initiative, led by Pamela Geller, was staging a contest to see who could draw the best caricature of the Prophet Muhammad. In Islam, any depiction of Muhammad — caricature or serious — is considered an insult. When the pair exited their vehicle, they began firing at an off-duty police officer who was acting as a security guard for the event. The officer killed both men.
Read More @ NaturalNews.com
by SGT, SGT Report.com:
Gold AND silver are bounding higher on Wednesday with gold recapturing the $1200 handle and silver piercing through $17. Perhaps the moves in these monetary metals are due to the absolute chaos we’ve seen in global credit markets over the past week. Perhaps it’s the realization that Greece is toast. Perhaps it’s the emerging understanding that the US economy, when judged by real accounting data, is on death watch. Perhaps it is a combination of all three of these.
Or perhaps as Charles Mackay once wrote, the men that went mad in herds are recovering their senses slowly, one by one – and realizing that the ONLY asset class left with NO counter party risk, is physical precious metals.
GOLD:
SILVER: The Achilles’ Heel
[Ed. Note: One potential solution you’ll only hear about from the alternative news media: PRIMARY WATER]
by Michael Snyder, The Economic Collapse Blog:
What are we going to do once all the water is gone? Thanks to the
worst drought in more than 1,000 years, the western third of the country
is facing the greatest water crisis that the United States has ever
seen. Lake Mead is now the lowest that it has ever been since the
Hoover Dam was finished in the 1930s, mandatory water restrictions have
already been implemented in the state of California,
and there are already widespread reports of people stealing water in
some of the worst hit areas. But this is just the beginning. Right
now, in a desperate attempt to maintain somewhat “normal” levels of
activity, water is being pumped out of the ground in the western half of
the nation at an absolutely staggering pace. Once that irreplaceable
groundwater is gone, that is when the real crisis will begin. If this
multi-year drought stretches on and becomes the “megadrought” that a lot
of scientists are now warning about, life as we know it in much of the
country is going to be fundamentally transformed and millions of
Americans may be forced to find somewhere else to live.
Read More…
by Michael Snyder, The Economic Collapse Blog:
What are we going to do once all the water is gone? Thanks to the
worst drought in more than 1,000 years, the western third of the country
is facing the greatest water crisis that the United States has ever
seen. Lake Mead is now the lowest that it has ever been since the
Hoover Dam was finished in the 1930s, mandatory water restrictions have
already been implemented in the state of California,
and there are already widespread reports of people stealing water in
some of the worst hit areas. But this is just the beginning. Right
now, in a desperate attempt to maintain somewhat “normal” levels of
activity, water is being pumped out of the ground in the western half of
the nation at an absolutely staggering pace. Once that irreplaceable
groundwater is gone, that is when the real crisis will begin. If this
multi-year drought stretches on and becomes the “megadrought” that a lot
of scientists are now warning about, life as we know it in much of the
country is going to be fundamentally transformed and millions of
Americans may be forced to find somewhere else to live.Read More…
from Off Grid Survival:
Last week I wrote an article about the war on cash, and how governments and banks around the world are attempting to actually ban paper currency. In that article, I briefly touched on something called Civil Forfeitures, a process the government is using to seize bank accounts from U.S. Citizens – without a trail, without a warrant, and without ever being charged with a crime.
Most people reading that headline will probably instantly assume the store owner had ties to organized crime, or was somehow mixed up in some sort of drug dealing; after all, that’s what most in his community assumed after rumors started swirling that Lyndon McLellan, a North Carolina convenience store owner, had his bank account seized by federal authorities. Those same people will probably find it hard to believe that someone’s account could be seized simply for the way they deposited their checks into the bank; those people would be WRONG!
Read More @ OffGridSurvival.com
Last week I wrote an article about the war on cash, and how governments and banks around the world are attempting to actually ban paper currency. In that article, I briefly touched on something called Civil Forfeitures, a process the government is using to seize bank accounts from U.S. Citizens – without a trail, without a warrant, and without ever being charged with a crime.
Most people reading that headline will probably instantly assume the store owner had ties to organized crime, or was somehow mixed up in some sort of drug dealing; after all, that’s what most in his community assumed after rumors started swirling that Lyndon McLellan, a North Carolina convenience store owner, had his bank account seized by federal authorities. Those same people will probably find it hard to believe that someone’s account could be seized simply for the way they deposited their checks into the bank; those people would be WRONG!
Read More @ OffGridSurvival.com
The US Is In Recession According To These 7 Charts
Submitted by Tyler Durden on 05/13/2015 - 19:15 The evidence continues to mount...
What Peter Schiff Said To Ben Bernanke
Submitted by Tyler Durden on 05/13/2015 - 19:00 "You said you weren’t monetizing the debt when you talked to Congress. You said the Fed was going to sell the bonds, but none of them have been sold. They’ve all been rolled over. So how are you claiming victory when you haven’t exited? You haven’t raised rates, you haven’t shrunk the balance sheet. You were wrong in the past. You didn’t see the financial crisis coming. You told us there was no housing bubble. You said subprime was contained. So you were certainly wrong then. So how do you know you’re not wrong now? Is there anything that might change your opinion and get you to rethink and maybe admit that your outlook is wrong?"/
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