Thursday, July 31, 2014

21 Ways To End The Phrase ‘Americans Are So Broke…’

http://theeconomiccollapseblog.com/archives/21-ways-to-end-the-phrase-americans-are-so-broke

Elliott's Paul Singer On Gold, Inflation, And The Global Monetary Delusion

http://www.zerohedge.com/news/2014-07-31/elliotts-paul-singer-gold-inflation-and-global-monetary-delusion

Russia And India Begin Negotiations To Use National Currencies In Settlements, Bypassing Dollar

http://www.zerohedge.com/news/2014-07-31/russia-and-india-begin-negotations-use-national-currencies-settlements-bypassing-dol

Horrifying Worldwide Financial Destruction To Shock Investors

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/31_Horrifying_Worldwide_Financial_Destruction_To_Shock_Investors.html

Transcript of Jim Rickards Interview, July 17, 2014

This is a long interview with Jim Rickards, but one of the most important and timely ones you will ever read.

http://www.anglofareast.com/transcript-of-jim-rickards-interview-july-17-2014/

Peter Schiff And Doug Casey On The "Real" State Of The Economy

http://www.zerohedge.com/news/2014-07-30/peter-schiff-and-doug-casey-real-state-economy

Swiss Banks Send U.S. Client Data Before Cascade of Accords

http://www.bloomberg.com/news/2014-07-31/swiss-banks-send-u-s-client-data-before-cascade-of-settlements.html

Man Who Executed QE1 For Fed Warns Major Turmoil Is Coming

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/31_Man_Who_Executed_QE1_For_Fed_Warns_Major_Turmoil_Is_Coming.html

Wednesday, July 30, 2014

OUR TOTALITARIAN FUTURE – PART ONE

http://www.theburningplatform.com/2014/07/28/our-totalitarian-future-part-one/
As the world explodes in violence, war, riots, and uprisings, it is challenging to step back and examine the bigger picture. With airliners being shot down over the Ukraine, missiles flying between Israel and Gaza, ongoing civil war in Syria, Iraq falling apart as ISIS gains ground, dictatorship crackdown in Egypt, Turkey on the verge of revolution, Iran gaining control of Iraq, Saudi Arabia fomenting violence, Africa dissolving into chaos, South America imploding and sending their children across our purposely porous southern border, Mexico under the control of drug lords, China experiencing a slow motion real estate collapse, Japan experiencing their third decade of Keynesian failure, facing a demographic nightmare scenario while being slowly poisoned by radiation, and Chinese-Japanese relations moving towards World War II levels, it is easy to get lost in the day to day minutia of history in the making.

Why is this happening at this point in history? Why is the average American economically worse off today than they were at the height of the economic crisis in 2009? Why is the Cold War returning with a vengeance? Why is the Federal Reserve still employing emergency monetary policies when we are supposedly five years into a recovery and the stock market has attained record highs? Why do the ECB and European politicians continue to paper over the insolvency of their banks and governments? Why did the U.S. support the ouster of a dictator we supported for decades in Egypt and then support the elevation of a new dictator after we didn’t like the policies of the democratically elected president? Why did the U.S. eliminate the leader of Libya and allow the country to descend into anarchy and civil war? Why did the U.S. fund and provoke a revolutionary overthrow of a democratically elected leader in the Ukraine? Why did the U.S. fund and arm Al Qaeda associated rebels in Syria who are now fighting our supposed allies in Iraq? Why has the U.S. been occupying Afghanistan for the last thirteen years with the result being a Taliban that is stronger than ever? Why are the BRIC countries forming a monetary union to challenge USD domination? Why is the U.S. attempting to provoke Russia into a conflict with NATO?

Why is the U.S. government collecting every electronic communication made by every American? Why is the U.S. government spying on world leader allies? Why is the U.S. government providing military equipment to local police forces? Why is the U.S. military conducting training exercises within U.S. cities? Why is the U.S. government attempting to restrict Second Amendment rights? Why is the U.S. government attempting to control and lockdown the internet? Why has the U.S. government chosen to treat the Fourth Amendment as if it is obsolete? Why is the national debt still rising by $750 billion per year ($2 billion per day) if the economy is back to normal? Why have 12 million working age Americans left the workforce since the economic recovery began? How could the unemployment rate be back at 2008 levels when there are 14 million more working age Americans and the same number employed as in 2008? Why are there 13 million more people on food stamps today than there were at the start of the economic recovery in 2009? Why have home prices risen by 25% since 2012 when mortgage applications have been at fourteen year lows? Why are Wall Street profits and bonuses at record highs while the real median household income stagnates at 1998 levels?

Why do 98% of incumbent politicians get re-elected when congressional approval levels are lower than whale shit? Why are oil prices four times higher than they were in 2003 if the U.S. is supposedly on the verge of energy independence? Why do the corporate controlled mainstream media choose to entertain and regurgitate government propaganda rather than inform, investigate and seek the truth? Why do corporations and shadowy billionaires control the politicians, media, judges, and financial system in their ravenous quest for more riches? Why has the public allowed a privately owned bank to control our currency and inflate away 96% of its value in 100 years? Why have American parents allowed their children to be programmed and dumbed down by government run public schools? Why have Americans allowed themselves to be lured into debt in an effort to appear wealthy and successful? Why have Americans permitted their brains to atrophy through massive doses of social media, reality TV, iGadget addiction, and a cultural environment of techno-narcissism? Why have Americans lost their desire to read, think critically, question authority, act responsibly, defer gratification, and care about future generations? Why have Americans sacrificed their freedoms, liberties and rights for the false expectation of safety and security? Why will we pay dearly for our delusional, materialistic, debt financed idiocy? – Because we never learn the lessons of history.

There are so many questions and no truthful answers forthcoming from those who pass for leaders in this increasingly totalitarian world. Our willful ignorance, apathy, hubris and arrogance will have consequences. Just because it hasn’t happened yet, doesn’t mean it’s not going to happen. The cyclicality of history guarantees a further deepening of this Crisis. The world has evolved from totalitarian hegemony to republican liberty and regressed back to totalitarianism throughout the centuries. Anyone honestly assessing the current state of the world and our country would unequivocally conclude we have regressed back towards a totalitarian regime where a small cabal of powerful oligarchs believes they can control and manipulate the masses in their gluttonous desire for treasure. Aldous Huxley foretold all the indicators of a world descending into totalitarianism due to overpopulation, propaganda, brainwashing, consumerism, and dumbing down of a distracted populace in his 1958 reassessment of his 1931 novel Brave New World.


US is no safer after 13 years of war, a top Pentagon official says

http://www.csmonitor.com/USA/Military/2014/0728/US-is-no-safer-after-13-years-of-war-a-top-Pentagon-official-says

Legend Warns Unknown Event May Trigger Avalanche Of Selling

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/30_Legend_Warns_Unknown_Event_May_Trigger_Avalanche_Of_Selling.html

Monday, July 28, 2014

Most Transparent Insider Trading Congress Ever Tells SEC To Shove it

Insider trading is illegal, and when enforced, perps serve jail time.  Apparently, Congress believes they are above the law and insider trading for congressman should be legal.

http://www.zerohedge.com/news/2014-07-28/most-transparent-insider-trading-congress-ever-tells-sec-shove-it

Is Putin Worse Than Stalin?

http://original.antiwar.com/buchanan/2014/07/24/is-putin-worse-than-stalin/

Holder Takes Aim At “Homegrown Violent Extremists” Who Have “Domestic Concerns”

http://oathkeepers.org/oath/2014/07/15/holder-takes-aim-at-homegrown-violent-extremists-who-have-domestic-concerns/

"The U.S., by any definition, has become a militarized police state. Americans have few protections left from the government’s protection racket which has become inverted.

The government claims to protect us from people who may spy on us, by spying on us. They claim to protect us from violent thugs with cops that conduct no-knock SWAT raids on peaceful people. They claim to protect us from thieves and financial collapse by stealing from us to give to the thieves. And now they want to declare war on the American people to protect us from those who may declare war on us." - Oath Keepers

US fuming over Israeli criticism of Kerry

Bring back Hillary?  In an attempt to get along with every country, the US has managed to alienate every country--including their staunchest allies.

http://bigstory.ap.org/article/us-fuming-over-israeli-criticism-kerry

Here's What Wall Street Bulls Were Saying In December 2007

http://www.zerohedge.com/news/2014-07-28/heres-what-wall-street-bulls-were-saying-december-2007

Embry: The Shocking Reason Why Gold May Quickly Hit $2,000

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/28_Embry__The_Shocking_Reason_Why_Gold_May_Quickly_Hit_$2,000.html

Kitco Metals Inc. Commentary Archive Bio Share on facebook Share on twitter Share on email Share on print More Sharing Services 86 Gold Friendly BRICS Challenge the Dollar and the Fed

http://www.kitco.com/ind/Taylor/2014-07-23-Gold-Friendly-BRICS-Challenge-the-Dollar-and-the-Fed.html

Investors Must Prepare Now For Chaos & Wealth Destruction

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/28_Investors_Must_Prepare_Now_For_Chaos_%26_Wealth_Destruction.html

Forget The Propaganda, This Is What’s Really Happening

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/27_Forget_The_Propaganda,_This_Is_Whats_Really_Happening.html

Saturday, July 26, 2014

Billionaire Hugo Salinas Price - Elites Plan to Control Humanity

http://www.zerohedge.com/news/2014-07-26/americas-lost-decade-typical-household-wealth-has-plunged-36-2003

America's Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003

http://www.zerohedge.com/news/2014-07-26/americas-lost-decade-typical-household-wealth-has-plunged-36-2003

Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine

Joe Biden = Dick Cheney.  Follow the money--and the oil and natural gas.

http://www.zerohedge.com/news/2014-07-25/company-which-joe-bidens-son-director-prepares-drill-shale-gas-east-ukraine

Lawsuit Stunner: Half of Futures Trades in Chicago Are Illegal Wash Trades

Criminal enterprises posing as legitimate entities isn't surprising given Chicago's history in the futures pits and in politics.

http://wallstreetonparade.com/2014/07/lawsuit-stunner-half-of-futures-trades-in-chicago-are-illegal-wash-trades/

SEC Adopts Money Market Fund Reform Rules

This market "reform" means your money market funds, like your bank deposits, are at risk of being raided in the event of a run on financial institutions.

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542347679#.U9QfOmPCf4X

Thursday, July 24, 2014

China signs currency swap worth 150 billion yuan with Switzerland

Another nail in the coffin of dollar hegemony.

http://www.reuters.com/article/2014/07/21/us-china-switzerland-currency-idUSKBN0FQ0H520140721

Price of Beef and Bacon Reach All-Time High

http://cnsnews.com/news/article/ali-meyer/price-beef-and-bacon-reach-all-time-high

The Baltic Dry Index Collapses To 18-Month Lows; Worst July Since 1986

There has been economic recovery.  Just fictitious data and propaganda.

http://www.zerohedge.com/news/2014-07-22/baltic-dry-index-collapses-18-month-lows-worst-july-1986

The Boomerang Effect: Sanctions on Russia Hit German Economy Hard

European businesses are suffering due to US-imposed economic sanctions against Russia, making them unenforceable and unsustainable, and why US economic influence will ultimately plummet.

http://www.spiegel.de/international/business/german-economy-hit-by-us-eu-sanctions-on-russia-a-982075.html

A chessboard drenched in blood

http://www.atimes.com/atimes/Central_Asia/CEN-01-230714.html

U.S. ally cuts off communications with Obama and seeks new trade outside dollar

Another US ally is abandoning the dollar.

http://www.examiner.com/article/u-s-ally-cuts-off-communications-with-obama-and-seeks-new-trade-outside-dollar

Shocking Charts Show That Gold Is Set To Skyrocket

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/24_Shocking_Charts_Show_That_Gold_Is_Set_To_Skyrocket.html

Wednesday, July 23, 2014

Is This The Real Reason Why Malaysian MH17 Was Shot Down?

This will be another unsolved mystery.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/24_Is_This_The_Real_Reason_Why_Malaysian_MH17_Was_Shot_Down.html

Gold & Silver To Skyrocket As We Move To A New World Order

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/22_Gold_%26_Silver_To_Skyrocket_As_We_Move_To_A_New_World_Order.html

A Revolving Door Farce: CFTC Commissioner Bails To Head Regulator's Biggest Opponent

This may seem like a stretch to the uninformed, but this type of regulatory capture of the CFTC by the ISDA will ultimately cause a market meltdown.

http://www.zerohedge.com/news/2014-07-23/revolving-door-farce-cftc-commissioner-bails-head-regulators-biggest-opponent

Goldman Goes Schizo On Gold: Boosts Price Target To $1200 Even As It Is "Selling It With Conviction"

Even the contrarian approach to "do as they do, not as they say" investment thesis is getting confusing.  Goldman Sachs is sending out "mixed signals" in their continuing denigration of gold.  Are they buying or are they selling?  Or do they just like talking out of both sides of their mouth.

http://www.zerohedge.com/news/2014-07-23/goldman-goes-schizo-gold-boosts-price-target-1200-even-it-selling-it-conviction

The "Gates" Are Closing: SEC Votes Through Money Market Reform

This the stock brokerage firm's version of a bank bail-in.  Your money market funds will no longer be accessible in the event of a run on financial institutions.  Anybody worried yet?

http://www.zerohedge.com/news/2014-07-23/gates-are-closing-sec-votes-through-money-market-reform

Tuesday, July 22, 2014

SNL points to drastic fall in new gold discoveries

More evidence of peak gold...

http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=247986&sn=Detail

They’re Lying To Us, Part 4: Fake Pensions

http://dollarcollapse.com/the-economy/theyre-lying-to-us-part-4-fake-pensions/
This is emblematic of so much of today’s world. If the reality we’ve created through our past choices is uncomfortable, just redefine the terms of the debate to make formerly bad things look good. If we borrow too much, lower the value of the currency in which those debts were contracted. If the resulting inflation numbers are problematic, change the definition of inflation to hide the increase. If jobs are harder to get because of rising debt and inflation, simply conflate part-time jobs (which are rising) with full-time jobs (which are evaporating) and say “employment” is growing strongly. In this context, redefining “fully-funded” pensions downward makes complete sense, right?
This is called whack-a-mole economics.  If by distorting one sector yields bad results in another, well then just change the data on the other sector.  Repeat.

Saturday, July 19, 2014

US Treasury Admits Collateral Problem In Bond Market; Considers Issuing Ultra Long-Dated Bonds

Great...bond market investors are shunning long-dated US Treasury bonds due to obvious risks (currency, inflation, credit/downgrade, interest rate, reinvestment), so the Treasury in its wisdom (and desperation) are thinking about issuing 100-year bonds, God forbid.  In fact, among all the bond risks, liquidity is probably the only one where there is no risk.  Although, with hyperinflation, TOO MUCH liquidity would turn into the biggest problem of them all.

http://www.zerohedge.com/news/2014-07-18/us-treasury-admits-collateral-problem-bond-market-considers-issuing-ultra-long-dated

IMF's Christine Lagarde Joins The Chorus, Warns Market Is "Too Upbeat"

So wait a minute...a few bloggers warn of the dangers of echo, stimulus-induced asset bubbles resurfacing  due to QE to infinity--only to be mocked by mainstream economists.  And now the BIS, the FED, and the IMF regurgitate the warnings, and NOW we're supposed to believe them?

At this point, it's clear that the powers-that-be have created a Frankensteinian monster with which they have no idea where this uncharted money-printing process will end up.  I do...it will end in tears.  Fiat currency experiments never end well--never have, and never will.  The only question is when.

http://www.zerohedge.com/news/2014-07-19/imfs-christine-lagarde-joins-chorus-warns-market-too-upbeat

BRICS Plan To Become "Political Alliance" To Reform The International Financial System

http://www.zerohedge.com/news/2014-07-19/brics-plan-become-political-alliance-reform-international-financial-system

A new US puppet government for Ukraine

Come to your own conclusions on who is intervening in Ukrainian politics.

https://wikispooks.com/wiki/Document:A_new_US_puppet_government_for_Ukraine

Friday, July 18, 2014

BRICS bank to be headquartered in Shanghai

http://www.chinadaily.com.cn/world/2014xibricssummit/2014-07/16/content_17791532.htm

Legend Says China Will Buy 100 Tons Of Gold Each Month

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/19_Legend_Says_China_Will_Buy_100_Tons_Of_Gold_Each_Month.html

Gerald Celente - The World Is Now Headed To A Major War

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/18_Gerald_Celente_-_The_World_Is_Now_Headed_To_A_Major_War.html

Where The Real Inflation Is

http://www.zerohedge.com/news/2014-07-18/where-real-inflation

How British Spies "Seed the Internet With False Info, Control YouTube Pageviews and Manipulate Online Polls"

http://www.zerohedge.com/news/2014-07-18/how-british-spies-seed-internet-false-info-control-youtube-pageviews-and-manipulate-

Happy birthday paper money: celebrating 353 years of wanton destruction

http://www.sovereignman.com/finance/happy-birthday-paper-money-celebrating-353-years-of-wanton-destruction-14692/

Friday Humor, "Blame It On ..." Edition

The captured media is so obvious in its role as government's mouthpiece that its hard to take anything they spout out as serious.

http://www.zerohedge.com/news/2014-07-18/friday-humor-blame-it-edition

Ukraine's Security Service Has Confiscated Air Traffic Control Recordings With Malaysian Jet

Could Ukraine air traffic controllers have steered Malaysian Flight MH-17 over restricted air space--either inadvertently over advertently--and prompting the plane to be tragically be missiled down?

And if so, is this the triggering event to bring NATO and the US to further engage against Russia in Ukraine?  Is this another 9/11?  So many conspiracy theories.

http://www.zerohedge.com/news/2014-07-18/ukraines-security-service-has-confiscated-air-traffic-control-recordings-malaysian-j

Elizabeth Warren Torches Janet Yellen on TBTF

http://libertyblitzkrieg.com/2014/07/16/video-of-the-day-elizabeth-warren-torches-janet-yellen-on-tbtf/

Gold, Euro, Dollar & Where The Chinese Are Buying Real Estate

The first chart indicates the USDollar gaining strength, and that is bearish for gold.  The other charts are bullish for gold.  To those with gold holdings already, the do-nothing approach for now may be appropriate, hoping for lower prices.   But for those with no gold exposure, buying some with the intent to layer in future purchases may be prudent, in case prices continue to rise.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/18_Gold,_Euro,_Dollar_%26_Where_The_Chinese_Are_Buying_Real_Estate.html

Thursday, July 17, 2014

Picturing The Habits Of The Wealthiest People

http://www.zerohedge.com/news/2014-07-17/picturing-habits-wealthiest-people

Exchange Controls And Perfect Fake Gold & Silver Coins

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/17_Exchange_Controls_And_Perfect_Fake_Gold_%26_Silver_Coins.html

Gold Manipulators are Desperate

http://goldswitzerland.com/gold-manipulators-are-desperate/

Insider Trading and Financial Terrorism on Comex

http://www.paulcraigroberts.org/2014/07/16/insider-trading-financial-terrorism-comex/

Microsoft Layoffs to Cut Up to 18,000 Jobs

http://www.nytimes.com/2014/07/18/business/microsoft-to-cut-up-to-18000-jobs.html?_r=0

Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis

The guppies have long left the chum-filled waters of toxic derivatives.  The predatory sharks are now eating each other.  This will surely result in "market dislocations."

http://ellenbrown.com/2014/07/16/did-the-other-shoe-just-drop-black-rock-and-pimco-sue-banks-for-250-billion/
The world’s largest banks are considered “too big to fail” for a reason. The fractional reserve banking scheme is a form of shell game, which depends on “liquidity” borrowed at very low interest from other banks or the money market. When Lehman Brothers went bankrupt in 2008, triggering a run on the money market, the whole interconnected shadow banking system nearly went down with it.

Congress then came to the rescue with a taxpayer bailout, and the Federal Reserve followed with its quantitative easing fire hose. But in 2010, the Dodd Frank Act said there would be no more government bailouts. Instead, the banks were to save themselves with “bail ins,” meaning they were to recapitalize themselves by confiscating a portion of the funds of their creditors – including not only their shareholders and bondholders but the largest class of creditor of any bank, their depositors.

Theoretically, deposits under $250,000 are protected by FDIC deposit insurance. But the FDIC fund contains only about $47 billion – a mere 20% of the Black Rock/PIMCO damage claims. Before 2010, the FDIC could borrow from the Treasury if it ran short of money. But since the Dodd Frank Act eliminates government bailouts, the availability of Treasury funds for that purpose is now in doubt.

When depositors open their online accounts and see that their balances have shrunk or disappeared, a run on the banks is likely. And since banks rely on each other for liquidity, the banking system as we know it could collapse. The result could be drastic deleveraging, erasing trillions of dollars in national wealth.

Massive credit collapses that erase very large sums of notional wealth and impact the global economy are hardly a new phenomenon . . . but one thing that has never happened as a result of any of them is the sort of self-feeding, irrevocable plunge into the abyss that current fast-crash theories require.
The reason for this is that credit is merely one way by which a society manages the distribution of goods and services. . . . A credit collapse . . . doesn’t make the energy, raw materials, and labor vanish into some fiscal equivalent of a black hole; they’re all still there, in whatever quantities they were before the credit collapse, and all that’s needed is some new way to allocate them to the production of goods and services.
This, in turn, governments promptly provide. In 1933, for example, faced with the most severe credit collapse in American history, Franklin Roosevelt temporarily nationalized the entire US banking system, seized nearly all the privately held gold in the country, unilaterally changed the national debt from “payable in gold” to “payable in Federal Reserve notes” (which amounted to a technical default), and launched a  series of other emergency measures.  The credit collapse came to a screeching halt, famously, in less than a hundred days. Other nations facing the same crisis took equally drastic measures, with similar results. . . .
Faced with a severe crisis, governments can slap on wage and price controls, freeze currency exchanges, impose rationing, raise trade barriers, default on their debts, nationalize whole industries, issue new currencies, allocate goods and services by fiat, and impose martial law to make sure the new economic rules are followed to the letter, if necessary, at gunpoint. Again, these aren’t theoretical possibilities; every one of them has actually been used by more than one government faced by a major economic crisis in the last century and a half.
That historical review is grounds for optimism, but confiscation of assets and enforcement at gunpoint are still not the most desirable outcomes. Better would be to have an alternative system in place and ready to implement before the boom drops.

Putin Responds: "US Sanctions Will Boomerang And Cause Very Serious Damage"

http://www.zerohedge.com/news/2014-07-16/putin-responds-us-sanctions-will-boomerang-and-cause-very-serious-damage

Wednesday, July 16, 2014

When you see this happen, you’ll know it’s game over for the dollar. I give it 2-3 years.

http://www.sovereignman.com/trends/when-you-see-this-happen-youll-know-its-game-over-for-the-dollar-i-give-it-2-3-years-14688/

White House Readies Unilateral Sanctions On Russia As US Utilities Scramble For Russian Coal

More evidence US government officials don't have a clue.

http://www.zerohedge.com/news/2014-07-16/white-house-readies-unilateral-sanctions-russia-us-utilities-scramble-russian-coal

Now Germany Will Never Get Its Gold Back From The U.S. Fed

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/16_Now_Germany_Will_Never_Get_Its_Gold_Back_From_The_U.S._Fed.html
 "The Fed promised to send Germany a mere 300 tons of its 1,436 tons of gold the Fed is supposed to have stored.  Well, only 5 tons have made their way back to Germany because the Fed knows what Germany is up to with the Chinese and the Russians, and so there is no way in hell the Fed is going to give Germany back its gold at this point.  Germany, you may have won the World Cup but you will have to go into the open market if you want your gold back.”

Tuesday, July 15, 2014

The Silver Conspiracy

http://www.silverseek.com/commentary/silver-conspiracy-13373

Billionaire Sprott - The Bank Of England Gold Vaults Are Empty

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/15_Billionaire_Sprott_-_The_Bank_Of_England_Gold_Vaults_Are_Empty.html

Why The Status-Quo Is Unsustainable: Interest and Debt (What Yellen Won't Tell You)

http://www.zerohedge.com/news/2014-07-15/why-status-quo-unsustainable-interest-and-debt-what-yellen-wont-tell-you

Breathing The Air In Venezuela? Prepare To Pay

http://www.zerohedge.com/news/2014-07-15/breathing-air-venezuela-prepare-pay

U.S. Economy-Plunge, Stagnation & Turning Down Anew-John Williams

http://usawatchdog.com/u-s-economy-plunge-stagnation-turning-down-anew-john-williams/

Cyprus: Despite 16 months of capital controls, banks still pitifully capitalized

Bank solvency and geographic diversification are the key buzzwords here.

http://www.sovereignman.com/finance/cyprus-despite-16-months-of-capital-controls-banks-still-pitifully-capitalized-14686/

Richard Russell - People Are Going Broke & It Will Get Ugly

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/15_Richard_Russell_-_People_Are_Going_Broke_%26_It_Will_Get_Ugly.html

Embry - Gold & Silver Smash & The Derivatives Time Bomb

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/14_Embry_-_Gold_%26_Silver_Smash_%26_The_Derivatives_Time_Bomb.html

Is American Monitoring of Your Country's Citizens Acceptable of Unacceptable?


Feeling poorer through the power of inflation: wages are simply not keeping up

http://www.mybudget360.com/inflation-wages-pce-deflator-feeling-poorer-inflationary-monetary-policy/

The Real Purpose Of The IMF

http://www.zerohedge.com/news/2014-07-14/guest-post-real-purpose-imf

Anti-Dollar Alliance Prepares Launch Of BRICS Bank

As predicted, emerging economies are preparing for the end of USDollar hegemony.  Why is this important and catastrophic to US consumers?  Will you enjoy $20/gallon gas?

http://www.zerohedge.com/news/2014-07-14/anti-dollar-alliance-prepares-launch-brics-bank

Sunday, July 13, 2014

US Offers Immunity To Junior FX Manipulators In Exchange For Ratting Out Their Seniors

The US has angered Germany with delays of German gold repatriation, and alleged spying of Germany's leaders, including Prime Minister Angela Merkel.  The US has also angered France by  targeting PNB Paribas for banker misdeeds.  And they continue to prosecute London banks, deservedly so.

Meanwhile, sovereign trading partners are ignoring US and NATO-led trade sanctions against Russia and China.  Apparently, Europe values their energy sources more than any outdated traditional alliances with US exceptionalism

In this current cycle of punishing miscreant bankers, US regulators curiously are not indicting US bankers for manipulation of markets.  This will only add to the antagonism US allies have toward America.  The emperor not only has no clothes, but it is running out of friends.

http://www.zerohedge.com/news/2014-07-13/us-offers-immunity-junior-fx-manipulators-exchange-ratting-out-their-seniors

The US 2014-2015: the dominoes of pensions, Munis and the Dollar

… The dilemma between sacrificing schools and retirees and allowing cities to go bankrupt is quickly resolved, because the first domino which can cause the rest to fall is municipal bankruptcy. What must be avoided at all cost is this huge danger of a “real” major « chapter 9 » municipal bankruptcy, with debt restructuring and bond repayment default. The impact would be devastating on the huge Muni (municipal bond) market, amounting to $3.7 trillion, because the seizing up of this market would prevent many cities from accessing finance. Interest rates on these bonds would rise instantly, resulting in a vicious circle: rising funding costs for cities already suffering from budget problems, serial bankruptcies, inability to pay pensions and provide public services; moreover, the price of already issued bonds would fall, which here again would be a disaster for “prudent” investors (such as pension funds) which could also go bankrupt. The wheel has turned full circle: if one chooses not to sacrifice retirees, then cities go bankrupt, taking pension funds with them, and still sacrificing retirees…
Excerpt GEAB N°86 (June 15, 2014)

Taking Control Of The Time In Which We Live

http://www.peakprosperity.com/podcast/86146/john-rubino-taking-control-time-which-we-live

Pentagon Correspondent for the New York Times Refers to American Citizens as “Children”

http://libertyblitzkrieg.com/2014/07/12/pentagon-correspondent-for-the-new-york-times-refers-to-american-citizens-as-children/

"Pot-For-Poverty": Bastion Of Liberalism Unveils Free Marijuana For The Poor

http://www.zerohedge.com/news/2014-07-13/pot-poverty-bastion-liberalism-unveils-free-marijuana-poor

At Least Wall Street Has A Sense Of Humor

http://www.zerohedge.com/news/2014-07-13/least-wall-street-has-sense-humor

Merkel Slams Obama's "Cold War" Espionage "Doesn't Belong In 21st Century"

The hubris and perceived nonchalance of US spying on Germany's prime minister is stunning.  And US officials wonder why the US is losing influence amongst its allies.  Germany is increasing trade with Russia and China, two of Uncle Sam's most powerful adversaries.  They are also shunning US foreign policy-makers, who should wake up and smell the coffee.

http://www.zerohedge.com/news/2014-07-12/merkel-slams-obamas-cold-war-espionage-doesnt-belong-21st-century

Are the 12 Regional Banks of the Fed Private Entities?

http://www.larsschall.com/2014/07/09/are-the-12-regional-banks-of-the-fed-private-entities/

Friday, July 11, 2014

Germany Instructs Its Companies To Limit Cooperation, Procurement Orders With The US

http://www.zerohedge.com/news/2014-07-11/germany-instructs-its-intelligence-services-limit-cooperation-us

How to Find Shelter from the Coming Storms?

http://www.oftwominds.com/blogjuly14/shelter-storm7-14.html

CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former Gold Fixer

The fox is guarding the hen house in this ridiculous kabuki theater of the absurd.  This is another sign that the gold and silver manipulators are frantically using whatever means they can to continue the ponzi scheme of paper trading, in light of the fact that physical inventory is depleted.

http://www.zerohedge.com/news/2014-07-11/cme-reuters-picked-replace-silver-fixing-process-supervised-former-gold-fixer

CEO Of Europe's Largest Insurer Pops The Utopia Bubble: "Nothing Is Solved And Everybody Knows It"

http://www.zerohedge.com/news/2014-07-11/ceo-europes-largest-insurer-pops-utopia-bubble-nothing-solved-and-everybody-knows-it

Former NYC Mayor Michael Bloomberg Calls Colorado a “Rural and Roadless” Backwater for Challenging his Gun Control Agenda

http://libertyblitzkrieg.com/2014/07/10/former-nyc-mayor-michael-bloomberg-calls-colorado-a-rural-and-roadless-backwater-for-challenging-his-gun-control-agenda/

Gold’s Rise & A Stunning Decision To Reverse Policy On QE

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/11_Golds_Rise_%26_A_Stunning_Decision_To_Reverse_Policy_On_QE.html

Thursday, July 10, 2014

Epic: Could This Be The Hilarious New Tax Return Trend For America?

http://www.westernjournalism.com/epic-hilarious-new-tax-return-trend/

Genius: IMF pronounces Bulgaria’s banks safe just two weeks before bank run

http://www.sovereignman.com/trends/genius-imf-pronounces-bulgarias-banks-safe-just-two-weeks-before-bank-run-14679/

Bob Metcalfe Keynote at #semiconwest

Bob Metcalfe, the anointed inventor of the internet, was insightful and funny--in an irreverent but candid manner.

https://www.semiwiki.com/forum/content/3652-bob-metcalfe-keynote-semiconwest.html

CYNK Share Price Soars

Irrational exuberance?  $15?  Really?

http://finance.yahoo.com/echarts?s=CYNK+Interactive#symbol=CYNK;range=1m

The World Is On Fire & We Will Soon See A 2008-Style Collapse

Have a good day.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/10_The_World_Is_On_Fire_%26_We_Will_Soon_See_A_2008-Style_Collapse.html

Washington’s Arrogance Will Destroy Its Empire — Paul Craig Roberts

Wow, this is a scathing review of America by a former US Treasury Assistant Secretary.

http://www.paulcraigroberts.org/2014/07/09/washingtons-arrogance-will-destroy-empire-paul-craig-roberts/

Banker Suicides Return: JPMorgan Executive "Blasts Wife, Kills Self" With Shotgun

http://www.zerohedge.com/news/2014-07-10/banker-suicides-return-jpmorgan-executive-blasts-wife-kills-self-shotgun

Some Recent Euphoric Comments About Portugal

http://www.zerohedge.com/news/2014-07-10/some-recent-euphoric-comments-about-portugal

We've Crossed The Tipping Point; Most Americans Now Receive Government Benefits

http://www.forbes.com/sites/merrillmatthews/2014/07/02/weve-crossed-the-tipping-point-most-americans-now-receive-government-benefits/

Wednesday, July 9, 2014

ISIS Has Seized 88 Pounds Of Uranium In Northern Iraq

http://www.zerohedge.com/news/2014-07-09/isis-has-seized-88-pounds-uranium-northern-iraq

Boehner backs pension-linked plan for highway funds

Take from pensions to fund highways.  Brilliant.

http://www.cnbc.com/id/101805241

Germany & China Strengthen Alliance Along With Russia

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/9_Germany_%26_China_Strengthen_Alliance_Along_With_Russia.html

Wall Street Teams Up with U.S. Intelligence Cronies in Bid to Form Fascist “Cyber War Council”

Great--Wall Street and the NSA are joining forces.

http://libertyblitzkrieg.com/2014/07/08/wall-street-teams-up-with-u-s-intelligence-cronies-in-bid-to-form-fascist-cyber-war-council/

One Company Finally Admits: It Wasn't The "Harsh Weather" After All


Why Tuition Keeps Rising (Spoiler Alert: Government Intervention)

http://www.zerohedge.com/news/2014-07-09/why-tuition-keeps-rising-spoiler-alert-government-intervention

Germany Blesses "Bail-In" Deposit Confiscation Plan For Failing EU Banks

http://www.zerohedge.com/news/2014-07-09/germany-blesses-bail-deposit-confiscation-plan-failing-eu-banks

US military studied how to influence Twitter users in Darpa-funded research

http://www.theguardian.com/world/2014/jul/08/darpa-social-networks-research-twitter-influence-studies

Tuesday, July 8, 2014

Merkel says U.S spying allegations are serious

The US has pissed off another major European ally (France being the other) who is openly pursuing trade with China and Russia.

http://www.reuters.com/article/2014/07/07/us-germany-usa-spying-idUSKBN0FC06P20140707

What "Rosy" Job Numbers? Wal-Mart CEO Slams Recovery Mirage

http://www.zerohedge.com/news/2014-07-08/what-rosy-job-numbers-wal-mart-ceo-slams-recovery-mirage

Is The Fed Going To Attempt A Controlled Collapse?

This is a lot of conjecture and speculation, but it's a reasonable speculation.

http://www.zerohedge.com/news/2014-07-08/fed-going-attempt-controlled-collapse

Beijing, Seoul agree to direct trade in national currencies

Here are a few points to take away from this article, without even reading it first:

1) China is doing everything in its power to de-dollarize by signing multiple bilateral trade agreements with its trading partners.  They are planning for the demise of the USDollar as the global reserve currency.  At the risk of being redundantly obvious, this has adverse consequences for the standard of living of all Americans, because inflation is now a serious threat, undermining the purchasing power of the dollar.

2) It took a Russian media outlet to report this very bad piece of news for the USDollar.  Russia and China have their sights set on removing dollar hegemony.  This pressure is overt--it is no longer hidden with hollow rhetoric, but backed by signed contracts.

3) South Korea is a staunch US ally.  Yet, they are agreeing to remove the dollar as the numeraire in their trade agreements with China, a notable non-ally of the US.  South Korea is another country in a long line of US trading partners thumbing their nose at America.

http://voiceofrussia.com/news/2014_07_04/Beijing-Seoul-agree-to-direct-trade-in-national-currencies-4477/

US Set To Alienate Angry Germany Next, As Crackdown Shifts From BNP To Commerzbank, Deutsche Bank

http://www.zerohedge.com/news/2014-07-08/us-set-alienate-angry-germany-next-crackdown-shifts-bnp-commerzbank-deutsche-bank

Sunday, July 6, 2014

Marc Faber Asks: Is "Big Government" Thwarting Economic Growth?

http://www.zerohedge.com/news/2014-07-05/marc-faber-asks-big-government-thwarting-economic-growth

CEO Of One Of The World's Largest Energy Majors "Sees No Reason For Petrodollar"

http://www.zerohedge.com/news/2014-07-05/ceo-one-worlds-largest-energy-major-sees-no-reason-petrodollar

The Epochal Error of Modern Central Banking

http://davidstockmanscontracorner.com/exposing-crony-capitalists/

One German's Take On The Latest US Spying Scandal

http://www.zerohedge.com/news/2014-07-06/one-germans-take-latest-us-spying-scandal

France Assures Push Against Petrodollar Is Not A "Fight Against Dollar Imperialism"

Umm, it sure sounds like a fight against the USDollar.

http://www.zerohedge.com/news/2014-07-06/france-assures-push-against-petrodollar-not-fight-against-dollar-imperialism

Foodflation - Since QE3, Breakfast Is Up Over 24%

http://www.zerohedge.com/news/2014-07-06/foodflation-qe3-breakfast-over-24

Alan Grayson (High Quality Version): Is Anyone Minding the Store at the Federal Reserve?


https://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=youtube_gdata_player

2012 RON PAUL vs. BEN BERNANKE - 3 Brutal Rounds


https://www.youtube.com/watch?v=hepidgw-l1w

Friday, July 4, 2014

Public Schools Are Preparing America’s Children For Life In A Police State

http://endoftheamericandream.com/archives/public-schools-are-preparing-americas-children-for-life-in-a-police-state-2

Ron Paul: Celebrate Independence Day By Opposing Government Tyranny


The Complete Annotation Of SocGen's Latest Hit Piece On Gold

This is fascinating piece of evidence of negative propaganda.

http://www.zerohedge.com/news/2014-07-04/complete-annotation-socgens-latest-hit-piece-gold

Costs? US Sales To Russia Hit Record High After Sanctions

http://www.zerohedge.com/news/2014-07-04/costs-us-sales-russia-hit-record-high-after-sanctions

By "Punishing" France, The US Just Accelerated The Demise Of The Dollar

http://www.zerohedge.com/news/2014-07-04/punishing-france-us-just-accelerated-demise-dollar-0

Pot shops buzz, crime eases as Colorado law marks 6 months

http://uk.reuters.com/article/2014/07/03/us-usa-marijuana-denver-idUKKBN0F817020140703

Financial Leverage Now $100 Trillion & 9 Stunning Gold Charts

Hathaway knocks it out of the park with his analysis, as usual.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/4_Financial_Leverage_Now_$100_Trillion_%26_9_Stunning_Gold_Charts.html

Thursday, July 3, 2014

“Monkey Business” Surrounding the Repatriation of Germany’s Gold Stored at the NY Federal Reserve Bank.

http://www.globalresearch.ca/monkey-business-surrounding-the-repatriation-of-germanys-gold-stored-at-the-ny-federal-reserve-bank/5364090

Goldman Gets Ecuador Gold as Correa Steps Up Cash Hunt

Ecuador is another sucker selling its national gold reserves to Goldman Sachs.

http://www.bloomberg.com/news/2014-06-03/goldman-sachs-gets-ecuador-gold-as-correa-steps-up-hunt-for-cash.html

India’s Central Bank Will Sell Gold on the Market in Exchange for Gold at the Bank of England

Here is my take:  as London runs out of physical gold, they have convinced the Indian central bank to store their physical inventory in London, in exchange for paper gold.  All in the name of monetary "flexibility" for India.

Sounds like a rotten deal for India:  give London real money in return for fake money.

http://libertyblitzkrieg.com/2014/07/02/indias-central-bank-will-sell-gold-on-the-market-in-exchange-for-gold-at-the-bank-of-england/


Swiss Gold Referendum

Even the Swiss National Bank has resorted to legalized counterfeiting.  But the Swiss public want to increase their country's gold reserves.  In case there's any doubt, the Swiss citizenry is fairly prudent when it comes to monetary issues.

http://snbchf.com/2014/05/swiss-gold-referendum-latest-news/


The BRICs Are Morphing Into An Anti-Dollar Alliance

http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance

Yes, There’s Wood Pulp in Burgers…Here’s Why I Think it Matters

http://libertyblitzkrieg.com/2014/07/02/yes-theres-wood-pulp-in-burgers-heres-why-i-think-it-matters/

The Cost Of Your July 4th Burger Has Never Been Higher

Inflation?  What inflation?  Oh, that's right, the BLS says food and energy shouldn't be a part of any consumer price calculations.  Because they are too "volatile."  I guess we shouldn't eat or drive over the July 4th weekend, in order to avoid a higher cost of living.

http://www.zerohedge.com/news/2014-07-03/cost-your-july-4th-burger-has-never-been-higher

Friday Farce: Caught Rigging Gold And Dark Pools, Barclays Begs To At Least Keep FX Manipulation

http://www.zerohedge.com/news/2014-07-03/friday-farce-caught-rigging-gold-and-dark-pools-barclays-begs-least-keep-fx-manipula

Are You Targeted by the NSA?

http://www.zerohedge.com/news/2014-07-03/are-you-targeted-nsa

Christine Lagarde – The Most Dangerous Woman in the World – IMF Advocates Taking Pensions & Extending Maturities of Gov’t Debt to Prevent Redemption

Bail-ins are coming, as sure as bail-outs occurred.  Retirement accounts and pensions are at-risk during the next banking crisis.

http://armstrongeconomics.com/2014/06/28/christine-lagarde-the-most-dangerous-woman-in-the-world-imf-advocates-taking-pensions-extending-maturities-of-govt-debt-to-prevent-redemption/

Iraq Crisis-$150 to $200 Oil Might Seem Cheap-Chris Martenson

http://usawatchdog.com/iraq-crisis-150-to-200-oil-might-seem-cheap-chris-martenson/

Another JP Morgan Banker Dead

http://newswatch.us/another-jp-morgan-banker-dead/

China to Set Yuan Clearing Banks in Luxembourg, Paris

The rise of the Chinese yuan as an international currency doesn't spell the doom of the USDollar, but it will eventually end the dollar's reserve currency status.  Hello, inflationary pressures generally, and imports specifically.

http://www.nasdaq.com/article/china-to-set-yuan-clearing-banks-in-luxembourg-paris-20140629-00048?
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/27_Paul_Craig_Roberts_-_The_Entire_U.S._Gold_Hoard_Is_Now_Gone.html#sthash.GGRuT5Q9.dpuf

Wyden Targets Tax Changes for $9 Billion Highway Infusion

Yes, by now, most of us understand the government is broke, including the Department of Transportation's US Highway Trust Fund.

So who are the lawmakers targeting to make up the deficits?

Retirement accounts.  I told you so.

http://www.bloomberg.com/news/2014-06-24/wyden-targets-tax-changes-for-9-billion-highway-infusion.html
The legislation by Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, will pay for the proposal by raising a heavy-vehicle use tax and making other tax and compliance changes related to retirement accounts and mortgage interest. He plans to bring the bill before his committee on June 26.

Paul Craig Roberts - The Entire U.S. Gold Hoard Is Now Gone


Let me reiterate:  Dr Roberts is the former Assistant Secretary of the Treasury.  He's no alarmist.

I've posited many times that whatever gold is left in the Fed's vaults has either been leased or outright sold multiple times to multiple parties, the definition of rehypothecation.  It's analogous to mortgaging your home 100 times, a fraudulent re-use of collateral.  You may have heard the phrase "fractional reserve system" in banking circles, which is problematic in itself.  But at least in banking, they leverage up with paper.

With the proliferation of fractional reserves in the gold market, for every one ounce of physical gold, 100 ounces are traded in paper markets.  Paper markets include the futures exchanges, ETF's, certificates, unallocated storage, forward contracts, etc.  Which means millions of owners think they own gold, but actually do not.  Even physical gold stored in bank vaults isn't safe from counterparty risk (or bank holidays).

If you must store it outside your home, consider custodial vaults domestically and offshore.  They aren't subject to banking laws (and potential confiscation).

Gold is not a piece of paper or a certificate.  Gold is gold.

Know what you own.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/27_Paul_Craig_Roberts_-_The_Entire_U.S._Gold_Hoard_Is_Now_Gone.html

Historic “Golden Crosses” To Create Explosions In Gold & Silver

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/1_Historic_Golden_Crosses_To_Create_Explosions_In_Gold_%26_Silver.html