Monday, March 31, 2014

Jim Rickards Interview

Man Censored On CBNC Says Faith In Governments To Collapse

Which Bank Is In Trouble Now?

$242 Billion: That Is How Much Record "Window Dressing" Banks Got Today Thanks To The Fed

The bank bailouts are never-ending and far exceed official data.  The Fed and US Treasury have been operating "Perpetual Bank Bailouts" to the tune of at least $17 trillion since the 2008 financial crisis--not the reported several trillion.  The Fed's "trading desk" not only bails out domestic banks, but they also bail out foreign banks via currency swaps.  Our federal government and treasury are bankrupt, so they borrow more money to pay off old debts.  A 3rd grader would know this will not end well.

Attention Deficit Dystopia

Wednesday, March 26, 2014

Weak Sister

The Anatomy Of Panic: How A Rumor Mutated Into A Three-Day Chinese Bank Run

Coming to a country near you.

Does Our System Select for Incompetent Sociopaths?

Let Them Eat iPads: 14-Years Of Data Debunk Fed’s Inflation Shortfall Canard

IRS slams Bitcoin millionaires with new tax rules… Is gold next?

I've said this all along and agree 100% with this deduction.

The Real Inflation Fear - US Food Prices Are Up 19% In 2014

Inflation? What inflation? Remember: the Fed insists we need inflation for the economy to grow. Given, more people are in poverty and household incomes are falling, inflation is the LAST thing people need. Yet, here it is:

Obama: Well That's Embarrassing, No One Clapped 3/25/2014

Sunday, March 23, 2014

Russia Returns Favor, Sees Chinese Yuan As World Reserve Currency

This is where the real wars are fought--the currency wars.  The US is desperately trying to maintain the reserve currency status of the USDollar, while the BRICS want to do away with the dollar due to the Fed's debasement of it.

However, the Chinese want a controlled diversification away from the dollar, as they still own massive amounts of US Treasury bonds.

What China Is Doing In The Gold Market Will Shock The World

Buy physical bullion, not paper financial assets.

Saturday, March 22, 2014

How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring

Western central banks, governments, and bullion banks are not the only cartels who desire lower precious metals prices, as a means to mask the institutionalized counterfeiting of sovereign fiat currencies.  The Chinese also want manufactured lower paper gold prices so they can buy physical bullion at discounted prices.  Once they are content with their grab bag, they will be happy to see rising gold prices as a hedge against their increasingly worthless portfolio of US Treasury bonds.

Many gold bugs blame the Fed, ECB, and other central banks, as well as the bullion banks acting as agents for the central banks in the precious metals price suppression scheme.  I've posited the Chinese are just as happy to hoard gold at lower prices.  Indians and Chinese have a history of gold ownership--dating back many centuries, and the newly acquired gold will never see the light of day.

The US and Europe are literally bankrupting their economies with every gold bar being transferred from western vaults to eastern vaults--via Swiss refiners.

Asians have the innate sense of what corrupt and insolvent governments will do to combat budget deficits and government largesse:  print more paper currencies.

Ted Butler: Suing JPMorgan and the COMEX

Ted Butler's work on the surreptitious price suppression of silver has been relentless.

Deconstructing the U.S. Economy: The Non-Recovery

Tuesday, March 18, 2014

UBS Investigated For Gold Manipulation Suggesting Gold Inquiry Goes Beyond London Fix

Do lemmings following mainstream media outlets still think gold bugs are "conspiracy theorists"?

An invaluable lesson for U.S. Citizens from the bank confiscation in Cyprus

If Spying on Senate is So Bad, Why is it OK For Them To Spy On Us?,-why-is-it-ok-for-them-to-spy-on-us.aspx

Rickards: The new balance of financial terror

Putin Has Nuclear Economic Bomb-Jim Sinclair

This Event Is Going To Shock People Around The World

This Is Why The World Is Headed For A Frightening Implosion

Could Ukraine Be The Tipping Point For The Entire World?

The Shocking Secret U.S. Is Hiding From Ukraine & The World

The Death Of The Dollar & Gold’s Rise

Sunday, March 9, 2014

Labor Force Participation Rate - Men

Click on Image to Enlarge

London’s Laundry Business
Britain’s ruling class has decayed to the point where its first priority is protecting its cut of Russian money — even as Russian armored personnel carriers rumble around the streets of Sevastopol. But the establishment understands that, in the 21st century, what matters are banks, not tanks.

The Russians also understand this. They know that London is a center of Russian corruption, that their loot plunges into Britain’s empire of tax havens — from Gibraltar to Jersey, from the Cayman Islands to the British Virgin Islands — on which the sun never sets.

Russia’s president, Vladimir V. Putin, gets it: you pay them, you own them. Mr. Putin was absolutely certain that Britain’s managers — shuttling through the revolving door between cabinet posts and financial boards — would never give up their fees and commissions from the oligarchs’ billions. He was right.

This is Britain’s growth business today: laundering oligarchs’ dirty billions, laundering their dirty reputations.
But London has changed. And the Shard — the Qatari-owned, 72-floor skyscraper above the grotty Southwark riverside — is a symbol of that change.

The Shard encapsulates the new hierarchy of the city. On the top floors, “ultra high net worth individuals” entertain escorts in luxury apartments. By day, on floors below, investment bankers trade incomprehensible derivatives.
Come nightfall, the elevators are full of African cleaners, paid next to nothing and treated as nonexistent. The acres of glass windows are scrubbed by Polish laborers, who sleep four to a room in bedsit slums. And near the Shard are the immigrants from Lithuania and Romania, who broke their backs on construction sites, but are now destitute and whiling away their hours along the banks of the Thames.

The Shard is London, a symbol of a city where oligarchs are celebrated and migrants are exploited but that pretends to be a multicultural utopia. Here, in their capital city, the English are no longer calling the shots. They are hirelings.

Buffett vs. Bitcoin

Thursday, March 6, 2014

The next shoe to drop on your retirement account

President's Advisory Council: 20 Things Kids Need To Know To Live Financially Smart Lives

I add my (smart-ass) comments between the lines.

1) You need money to buy things.

No $hit, Sherlock.  The problem is our education system is obsolete, the product of industrial age thinking when new job creation stems from the information age.  Low-paying or no job + rising consumer prices = no money = no things to buy.

2) You earn money by working.

Again, in the "no kidding" category.  But under the welfare system (thanks to the "War on Poverty"), one can also earn money from not working--and having more babies.

3) You may have to wait before you can buy something you want.

I'm all for this concept of delayed gratification.  The problem is the media portrays a different image.  The propaganda urges people to buy NOW sexy cars, sexy clothes, sexy shoes, sexy toys--so they can appear sexy.  Can't afford them?  No problem.  Charge it on their credit cards.  And the government incentivizes the public to mortgage their lives away to buy homes and cars they can never pay off, and to pay for tuition (and healthcare) they can't afford.  Problem.  But hey, all this consumption surely stimulates the economy, right?

4) There's a difference between things you want and things you need.

Agreed, but then gain, this depicts a mentality of scarcity, not abundance.  Give up on your hopes and dreams to match your lack of income.

5) You need to make choices about how to spend your money.

This seems oversimplified.  Does this address discernment--and dialing down your lifestyle?  Or is this about method of payment--"will that be cash or charge?"

6) It's good to shop around and compare prices.

This is the one skill consumers are good at it.  The problem is they still can't afford the item.

7) It can be costly and dangerous to share information on-line.

You mean with the NSA?

8) Putting your money in a savings account will protect it and pay you interest.

That's only if you're not worried about inflation risk, credit risk, liquidity risk, systemic collapse risk, or counterparty risk.  Other than that, you're fine.  And oh by the way, to reward you for taking on all the aforementioned risks, you're getting 0% returns.

9) You should save at least a dime for every dollar you receive.

Sage advice, although dollar debasement will ensure loss of purchasing power.  Your savings are being destroyed by dollar devaluation.

10) Entering personal information, like a bank or credit card number, online is risky because someone could steal it.

Agreed, but banks and governments have shown time again that "riskless" assets carry huge risks.  See AAA-rated subprime mortgage--backed securities.

11) The sooner you save, the faster your money can grow from compound interest.

And the faster your money can be flushed down the toilet due to hyperinflation or financial catastrophe.

12) Using a credit card is like taking out a loan; if you don't pay your bill in full every month, you'll be charged interest and owe more than you originally spent.

So why is the government and media encouraging the masses to spend even more money they don't have, piling up unsecured consumer debt in the process?

13) When comparing colleges, be sure to consider how much each school would cost you.

For most, an arm and a leg.   And tens of thousands of dollars of suffocating debt.

14) You should avoid using credit cards to buy things you can't afford to pay for with cash.

What if you want to flip houses with no money down?

15) Your first paycheck may seem smaller than expected since money is taken out for taxes.

But hey, we all have to sacrifice our lifestyles for the BEAST, Uncle Sam.

16) A great place to save and invest money you earn is in a Roth IRA.

Except any qualified or non-qualified government-sponsored retirement plan benefits the government more than the saver.

17) You should use a credit card only if you can pay off the money owed in full each month.

Without a job and limited job prospects, sometimes a credit card is the only thing preventing a household from being homeless.

18) You need health insurance.

As in "affordable" healthcare insurance where premiums are skyrocketing?

19) It's important to save at least three months' worth of living expenses in case of an emergency.

By using your credit card.

20) When investing, consider the risks and annual expenses.

And the fact that all markets are manipulated, thanks to an over-reaching Fed.

Wednesday, March 5, 2014

Bernanke Finally Reveals, In One Word, Why The Financial System Crashed

Are You Crazy To Continue Believing In Collapse?

What the Russian (and Chinese) papers are saying about Ukraine
The Russian President also expressed the opinion that the U.S. has historically created its own geopolitical goals, and then dragging along the rest of the world underneath them:

“Our partners, especially in the U.S.– they always clearly formulate their geopolitical interests and pursue them very aggressively. Guided by the well-known phrase, “you are either with us or against us,” they drag the rest of the world along, underneath them. And whoever doesn’t go along is beaten and usually killed,” the President told reporters.

He emphasized that Russia’s actions come from legitimate grounds.So on one hand, the Chinese are essentially making the West out to be the belligerents, the Russians to be defending their interests, and the Chinese as the strong diplomats who are pushing for peace.

And on the other hand, the Russian papers are highlighting the utter hypocrisy of US foreign policy– it’s OK for America to invade whatever country it likes, but not for Russia to defend its own interests.

"Behind The Kiev Snipers It Was Somebody From The New Coalition" - A Stunning New Leak Released

Russian Dollar Dump Could Crash Financial System-John Williams

US Dollar Collapse, Beijing, Moscow & The Ascendancy Of Gold

A Historic Event Has Taken Place In The Gold Market

Saturday, March 1, 2014

Mt Gox Files For Bankruptcy After $473 Million In Bitcoins "Disappeared"

Gold Fix Study Shows Signs of Decade of Bank Manipulation

So for six years, gold bugs have been labeled conspiracy theorists for declaring the gold markets are rigged.  Now that Bloomberg reports it, should we be called clairvoyant?  My answer "I told you so"--and it doesn't matter.  Go get your physical on, because the central bank vaults are empty.  Oh, I guess that is another conspiracy theory, right?

World To Witness Frightening & Historic Wealth Destruction

U.S. Secrets, Criminal Banking Syndicates & Empty Gold Vaults