Friday, August 29, 2014
Thursday, August 28, 2014
“A Man of Many Perversions” – Federal Cybersecurity Head Convicted of Child Porn Charges
http://libertyblitzkrieg.com/2014/08/28/a-man-of-many-perversions-federal-cybersecurity-head-convicted-of-child-porn-charges/
The following story is a warning as to why centralized power is so dangerous. It doesn’t matter whether the power is political or corporate, overly centralized power in all forms must be resisted whenever it appears. The worst of all worlds is when centralized political and corporate power unite in an unholy alliance, which is what has happened to America in recent decades. When this occurs, the combined forces of oligarchy simply begin to rapaciously feast on the citizenry with zero accountability. This is a fair description of the United States in 2014.
The primary problem with centralized power is that sociopaths (for obvious reasons) gravitate toward, and greatly covet, positions of power. Once entrenched in such positions, they are able to act upon their perversions with general immunity, and if they are caught, are often left in positions of power by others who at that point “own them” via blackmail. This of course is nothing new, it is how the game of power, politics and economics has been played since the beginning of time. It is also why decentralization of power is the natural evolution we as a species must embrace in order to build a better world.
British Columbia, Ontario to cooperate on Yuan trading hub
It's becoming obvious USDollar hegemony is coming to an end. Canada--really?
http://www.bnn.ca/News/2014/8/27/British-Columbia-Ontario-to-cooperate-on-Yuan-trading-hub.aspx
http://www.bnn.ca/News/2014/8/27/British-Columbia-Ontario-to-cooperate-on-Yuan-trading-hub.aspx
Wednesday, August 27, 2014
Tuesday, August 26, 2014
"Tax Me More" Buffett To Finance Burger King's Tax Inversion Deal
Both sides of the aisle are corrupt and hypocritical. Even dear old patriot Warren Buffett.
http://www.zerohedge.com/news/2014-08-26/tax-me-more-buffett-finance-burger-kings-tax-inversion-deal
http://www.zerohedge.com/news/2014-08-26/tax-me-more-buffett-finance-burger-kings-tax-inversion-deal
Monday, August 25, 2014
Airborne Transmission of Ebola
Another lie propagated by the CDC and WHO. The ebola virus can be airborne-transmitted.
http://www.americanthinker.com/2014/08/airborne_transmission_of_ebola.html
http://www.americanthinker.com/2014/08/airborne_transmission_of_ebola.html
The New Misery Index
http://charleshughsmith.blogspot.com/2014/08/the-new-misery-index.html
Central-planning always leads to ginned-up phony statistics, because centrally planned economies always stagnate due to corruption, malinvestments, and some are more equal than others skims and scams by insiders, cronies, cadres and apparatchiks.The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.
Sunday, August 24, 2014
Friday, August 22, 2014
Thursday, August 21, 2014
Obamacare Is A Disaster For Businesses, Philly Fed Finds
http://www.zerohedge.com/news/2014-08-21/obamacare-disaster-businesses-philly-fed-finds
there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been "matched" by a far greater reduction in the range of medical coverage and the size of the network.
In short a disaster.
Swiss Gold Repatriation To Send Shock Waves In Gold Market
It is indeed ironic that the national gold reserves of Switzerland are officially located in other countries (the US and London), but are physically no longer there. It's ironic because 75% of gold refineries reside in Switzerland, as well as a large percentage of vaulted gold, in banks or in custody storage.
So while Switzerland refines and stores gold for much of the rest of the world, Switzerland's own gold reserves residing in Switzerland are virtually non-existent. It's similar to a world-class carpenter building beautiful homes for all his neighbors and friends, enriching many in the process, but not owning his own home.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/21_Swiss_Gold_Repatriation_To_Send_Shock_Waves_In_Gold_Market.html
So while Switzerland refines and stores gold for much of the rest of the world, Switzerland's own gold reserves residing in Switzerland are virtually non-existent. It's similar to a world-class carpenter building beautiful homes for all his neighbors and friends, enriching many in the process, but not owning his own home.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/21_Swiss_Gold_Repatriation_To_Send_Shock_Waves_In_Gold_Market.html
Wednesday, August 20, 2014
Pulitzer Prize Winning Journalist on Obama: “The Greatest Enemy of Press Freedom in a Generation”
http://libertyblitzkrieg.com/2014/08/18/pulitzer-prize-winning-journalist-on-obama-the-greatest-enemy-of-press-freedom-in-a-generation/
America in 2014: Cops murder with impunity, banksters steal with impunity, reporters threatened with jail.
The World Comments on Ferguson – Egypt Urges Restraint While China Tells the U.S. to “Stop Pointing Fingers”
Great. Other dictatorial regimes are chastising America for its human rights intrusions--and taking the moral high ground.
http://libertyblitzkrieg.com/2014/08/19/the-world-comments-on-ferguson-egypt-urges-restraint-while-china-tells-the-u-s-to-stop-pointing-fingers/
http://libertyblitzkrieg.com/2014/08/19/the-world-comments-on-ferguson-egypt-urges-restraint-while-china-tells-the-u-s-to-stop-pointing-fingers/
Tuesday, August 19, 2014
Monday, August 18, 2014
Shocking Truth About The Missing U.S. & German Gold Hoards
Until the brain-dead traders (longs) stop settling in cash--and start taking physical delivery, the charade in the paper gold markets can continue. Once a commercial default (non-delivery) occurs, the house of cards in London and at the COMEX will come tumbling down.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/19_Shocking_Truth_About_The_Missing_U.S._%26_German_Gold_Hoards.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/19_Shocking_Truth_About_The_Missing_U.S._%26_German_Gold_Hoards.html
Turk - The Greatest Fear For Central Planners In Gold & Silver
Turk correctly outlines the fundamental supply vs. demand dynamics of gold. Trading against supply vs. demand is foolhardy, as short-term fluctuations are distorted by market manipulators. Prices can irrationally remain down or up longer than logic might dictate.
However, longer-term, shortages of finite resources will eventually drive prices up, so the accumulators will win out over time. They key is to remain liquid during that process.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/18_Turk_-_The_Greatest_Fear_For_Central_Planners_In_Gold_%26_Silver.html
However, longer-term, shortages of finite resources will eventually drive prices up, so the accumulators will win out over time. They key is to remain liquid during that process.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/18_Turk_-_The_Greatest_Fear_For_Central_Planners_In_Gold_%26_Silver.html
James Risen: Obama Is 'Greatest Enemy To Press Freedom In A Generation'
You would expect this assessment from Fox News, not the New York Times.
http://www.huffingtonpost.com/2014/08/17/james-risen-obama_n_5685705.html
http://www.huffingtonpost.com/2014/08/17/james-risen-obama_n_5685705.html
Sunday, August 17, 2014
Saturday, August 16, 2014
Why The Fed Can't, And Won't, Let The Stock Market Crash
http://www.zerohedge.com/news/2014-08-16/why-fed-cant-and-wont-let-stock-market-crash
The Fed hasn't made the world a better place with its interventions. It has created moral hazard, encouraged the formation of asset bubbles that eventually pop (leaving economic messes), widened the wealth inequality gap to record levels, discouraged savings and investment, severely penalized retirees on fixed incomes, encouraged spending, funded massive government deficit spending by monetizing the debts, lengthened the recession and likely reduced the number of jobs that would have been created if the economy had been allowed to take its normal course. Eventually the Fed's policy interventions will also have created debilitating, widespread consumer inflation, the "cruelest tax" against the poor and middle classes.
This Is The Worst Nightmare For the United States & The West
I've always said Americans should watch Japan's train wreck of an economy, because we are on the same trajectory as theirs--but with a few years' time lag. And our Keynesian experiment of debt monetization will be more catastrophic because the US holds the global reserve currency. Everybody will be dumping dollars once confidence in the bond and currency markets collapses.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/17_This_Is_The_Worst_Nightmare_For_the_United_States_%26_The_West.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/17_This_Is_The_Worst_Nightmare_For_the_United_States_%26_The_West.html
We heard the “surprising” news last week that the Japanese economy shrank at an alarming 6.8 percent annualized rate in the three months through June, its biggest quarterly contraction since the 2011 earth quake and tsunami. This proves that Japan’s greatest national disaster, Abenomics, has failed and the Japanese economy has fallen victim to the scam called Keynesian economics -- the belief that a country can tax, spend, devalue, and inflate its way to prosperity....
Since the popping of the BOJ- induced bubble in 1989, Japan has been the most faithful adherent of Keynesian principles. At the onset of the crisis they immediately began on their misguided path with large doses of deficit spending. Instead of allowing the economy to rid itself of bad investments and heal, they continued to prop up failed business models -- creating zombie banks and an equally zombie-like economy.As one lost decade turned into two, in the year 2000 they coupled their fruitless spending efforts with massive amounts of money printing. And despite two decades of low growth, the nation stubbornly held on to the popular Keynesian excuse of “if only”: If only our stimulus was larger, if only we weakened our currency more, if only we kept interest rates lower for longer; economic Nirvana would be achieved. Keynesians love to use this counterfactual argument because they believe it cannot be proven wrong -- that is, until now.
In 2012 Prime Minister Abe had a master plan to pull the world's third-biggest economy out of its stagnation. His plan was to deploy, in massive and unprecedented fashion, the strategies of central bank credit creation, currency destruction, and debt accumulation. The Japanese doubled down on the great Keynesian experiment. As if Paul Krugman himself was running the economy, they placed the economy on Keynesian steroids. Now we are beginning to see what an economy looks like when the Keynesian playbook is used to its fullest extent.
Household consumption plummeted at an annualized pace of 19.2 percent from the previous quarter, while private investment sank 9.7 percent. And because of the Japanese battle against deflation, real wages dropped 3.8 percent year on year in May. Those mismanaging the Japanese economy believe that consumption will surge if they can achieve a substantial increase in the CPI. The misguided logic is that Japanese consumers will spend only if they are running in perpetual fear of rising prices.One of the cornerstones of Abenomics was destroying your currency with the hopes of boosting exports. Ironically, last week the central bank warned over a worsening export and factory output picture. In fact, June showed the worst trade deficit ever in Japan, and a 57 percent rise in the trade deficit for the first half of the year.And today with a near 250 percent debt-to-GDP ratio, it’s difficult to argue that Japan didn’t engage in enough deficit spending. Over the past three years interest rates on the Japanese government bond 10-year note went from 1.5 percent to 0.52 percent. Under its own brand of quantitative easing policy put in place last April, the Bank of Japan now buys 70 percent of all new government bonds issued in markets, as well as other more risky assets. With the JGB market on virtual life support courtesy of the BOJ, it is impossible to argue that rates aren’t low enough or that the BOJ hasn’t monetized enough. They spent, they printed, they taxed; but the Japanese economy is out of gas, and the Keynesians who own this plan are now out of excuses.
The United States should heed Japan’s economic woes as a warning sign and a reason to change course while we still have a chance. With U.S. debt to GDP at 105 percent and household debt at more than 80 percent, the aggregate amount of our nation’s debt is at an all-time high. But unlike Japan we have the overwhelming privilege and responsibility of holding the world’s reserve currency.Obliging other nations to trade and hold U.S. dollars is not written anywhere in the Bible. For the time being other nations decided to maintain a holding equal to 50 percent of our publicly traded Treasury debt. Losing their confidence in our credit and currency would be devastating to our economy. Japan has no such worries about keeping foreign investors happy because that country finances 90 percent of its debt internally.We have become a country that over-consumes and under-produces. Debt levels have skyrocketed while our demographic and labor force participation conditions are quickly approaching critical mass.We have to abandon these failed Keynesian policies while there is still time. We must boost our employment-to-population ratio, deregulate the economy, simplify the tax code, balance the budget by cutting expenses, end the Fed’s runaway printing press, and allow the free market to set interest rates and asset prices. Only by doing this do we stand a chance of not falling further into Japan’s stagflationary nightmare. But if we persist in following the Keynesian counterfactual, our fate will be worse than that of Japan, as the deluge of debt being dumped by our foreign creditors causes the dollar to be dethroned, interest rates to soar, and inflation to skyrocket.
Paulson holds onto gold ETF, Soros adds gold miners in quarter
For what it's worth, John Paulson (no relation to Hank Paulson) made $20 billion by shorting the subprime mortgage market prior to the collapse of that industry in 2007 - 2009. He has since turned bullish on gold. I blogged about him in 2009: John Paulson.
George Soros' integrity has been questioned often, but his track record of making money is nonpareil. Note that he prefers mining shares instead of the GLD ETF (we don't know if his family net worth includes physical gold, but I'd be willing to speculate he does possess physical gold since he is a Holocaust survivor). Shares of mining companies are more volatile than the underlying price of gold, and their share prices tend to be leading indicators. In other words, fluctuations in the price of gold lag the mining shares--typically by a few months.
For example, if shares of mining companies bottomed out in October, 2013, the price of gold could have bottomed out in December, 2013. On the other hand, if shares of mining companies peaked in August, 2011, the price of gold might have peaked in September, 2011.
The two most popular mining shares ETF's to track are the GDX (Gold Miners) and the even more volatile GDXJ (Junior Gold Miners). Gold is already volatile, and the gold miners are even more volatile. Hence, novice investors are better off avoiding them altogether, especially given the indices and COMEX futures are manipulated by the big institutions (in this case, the bullion banks acting as agents of central banks in their surreptitious price suppression schemes).
The gold manipulators whipsaw the little traders out of their positions by triggering stop-losses. If you don't know what a whipsaw or a stop-loss is, that's all the more reason you should NOT be investing in mining equities or futures contracts. In layman's terms, investors in mining equities and futures contracts are not really investors at all. They are gamblers in a casino where the house wins 90% of the time. You're literally better off going to the blackjack tables in Vegas where the house edge is 0.5% if you aren't counting cards. 49.75% is WAY better than 10%. Plus, you'll have more fun in Vegas.
Even if investors decide to trade the miners, the basic foundation of any portfolio should include physical gold and silver. Avoid trading paper gold. Accumulate physical gold.
http://www.reuters.com/article/2014/08/15/us-hedgefunds-filings-gold-idUSKBN0GF0HU20140815
George Soros' integrity has been questioned often, but his track record of making money is nonpareil. Note that he prefers mining shares instead of the GLD ETF (we don't know if his family net worth includes physical gold, but I'd be willing to speculate he does possess physical gold since he is a Holocaust survivor). Shares of mining companies are more volatile than the underlying price of gold, and their share prices tend to be leading indicators. In other words, fluctuations in the price of gold lag the mining shares--typically by a few months.
For example, if shares of mining companies bottomed out in October, 2013, the price of gold could have bottomed out in December, 2013. On the other hand, if shares of mining companies peaked in August, 2011, the price of gold might have peaked in September, 2011.
The two most popular mining shares ETF's to track are the GDX (Gold Miners) and the even more volatile GDXJ (Junior Gold Miners). Gold is already volatile, and the gold miners are even more volatile. Hence, novice investors are better off avoiding them altogether, especially given the indices and COMEX futures are manipulated by the big institutions (in this case, the bullion banks acting as agents of central banks in their surreptitious price suppression schemes).
The gold manipulators whipsaw the little traders out of their positions by triggering stop-losses. If you don't know what a whipsaw or a stop-loss is, that's all the more reason you should NOT be investing in mining equities or futures contracts. In layman's terms, investors in mining equities and futures contracts are not really investors at all. They are gamblers in a casino where the house wins 90% of the time. You're literally better off going to the blackjack tables in Vegas where the house edge is 0.5% if you aren't counting cards. 49.75% is WAY better than 10%. Plus, you'll have more fun in Vegas.
Even if investors decide to trade the miners, the basic foundation of any portfolio should include physical gold and silver. Avoid trading paper gold. Accumulate physical gold.
http://www.reuters.com/article/2014/08/15/us-hedgefunds-filings-gold-idUSKBN0GF0HU20140815
Thursday, August 14, 2014
Cisco Sums It Up: Terminates 8% Of Workforce While Buying Back $1.5 Billion In Stock
http://www.zerohedge.com/news/2014-08-13/cisco-quarter-nutshell-terminating-6000-while-buying-back-15-billion-stock
since 2011 Cisco has repurchased $21.9 billion in stock. Since then, it has fired 21,000 people.
Bottom line: terminate the workers, reward the shareholders, courtesy of the Fed's ZIRP policy allowing Cisco to issue debt at virtually zero cost. Thank you Bernanke.
Wednesday, August 13, 2014
The One Question About Ebola That Nobody Can Seem To Answer
The problem is the ebola virus is transmitted through the air, even if it doesn't meet the technical definition of an airborne virus.
http://endoftheamericandream.com/archives/the-one-question-about-ebola-that-nobody-can-seem-to-answer?utm_source=feedly&utm_reader=feedly&utm_medium=rss&utm_campaign=the-one-question-about-ebola-that-nobody-can-seem-to-answer
http://endoftheamericandream.com/archives/the-one-question-about-ebola-that-nobody-can-seem-to-answer?utm_source=feedly&utm_reader=feedly&utm_medium=rss&utm_campaign=the-one-question-about-ebola-that-nobody-can-seem-to-answer
Shocking: Russian Bombers Are Circling The Skies Above U.S., Ready To Strike At Moment’s Notice
Sarah Palin and Mitt Romney were right after all--at least on this issue.
http://www.westernjournalism.com/nuclear-alert-russian-bombers-penetrate-us-airspace-16-times-last-10-days/
http://www.westernjournalism.com/nuclear-alert-russian-bombers-penetrate-us-airspace-16-times-last-10-days/
Tuesday, August 12, 2014
MH17: Pockmarks look like from very, very heavy machine gun fire, says first OSCE monitor on-scene
Well, it looks like the Ukraine government and Obama lied again, blaming Russia for downing Malaysian Flight MH-17, when in fact, it looks like it was a Ukrainian jet fighter who shot the commercial plane down.
http://www.nst.com.my/node/20961
http://www.nst.com.my/node/20961
Malaysian Press: Ukrainian Fighter Jets Shot Down Flight MH 17
True? And why did the Ukraine government seize air traffic controller communications prior to the crash? And why was Malaysian Flight MH 17 redirected into restricted airspace prior to the crash?
http://my.firedoglake.com/ohiogringo/2014/08/09/malaysian-press-ukrainian-fighter-jets-shot-down-flight-mh-17/#.U-jrfMzCqbc.twitter
http://my.firedoglake.com/ohiogringo/2014/08/09/malaysian-press-ukrainian-fighter-jets-shot-down-flight-mh-17/#.U-jrfMzCqbc.twitter
Monday, August 11, 2014
Koos Jansen - Chinese Gold Demand 1094 MT YTD, Silver Premium At Record High
http://www.gotgoldreport.com/2014/08/koos-jansen-.html
When the interview was conducted the mainstream media predominantly used Hong Kong net export to the mainland, which in 2013 was 1,158 tonnes, as Chinese net import. I estimated total net import by using SGE withdrawals as a reference. It was on May 15, 2014, when SGE chairman Xu Luode spoke at the Fourth Commercial Bank Gold Investment Forum and disclosed the exact number of net gold import in 2103, it was 1,540 tonnes.
When
the interview was conducted the mainstream media
predominantly used Hong Kong net export to the mainland, which in 2013
was 1,158 tonnes, as Chinese net import. I estimated total net import by
using SGE withdrawals as a reference. It was on May 15, 2014, when
SGE chairman Xu Luode spoke at the Fourth Commercial Bank Gold
Investment Forum and disclosed the
exact number of net gold import in 2103, it was 1,540 tonnes. - See
more at:
http://www.gotgoldreport.com/2014/08/koos-jansen-.html#sthash.mLHSqyvS.dpuf
When
the interview was conducted the mainstream media
predominantly used Hong Kong net export to the mainland, which in 2013
was 1,158 tonnes, as Chinese net import. I estimated total net import by
using SGE withdrawals as a reference. It was on May 15, 2014, when
SGE chairman Xu Luode spoke at the Fourth Commercial Bank Gold
Investment Forum and disclosed the
exact number of net gold import in 2103, it was 1,540 tonnes. - See
more at:
http://www.gotgoldreport.com/2014/08/koos-jansen-.html#sthash.mLHSqyvS.dpufSGE Chairman: China Should Become First Class International Gold Market
http://www.ingoldwetrust.ch/sge-chairman-china-should-become-first-class-international-gold-market
http://uk.reuters.com/article/2009/04/24/business-us-china-gold-idUKTRE53N18T20090424
Since then, China has been mum about gold purchases. Heady speculation is they are not announcing their gold purchase program to keep a lid on prices (buying at lower prices is advantageous). Estimates range from 5000 - 6000 tons, and recent data suggests China's gold reserves could be even higher.
The next pertinent question is where is the bullion coming from? The answer is likely from the vaults of the Fed, Bank of England, and IMF. Other sources include the GLD ETF in London, with HSBC as the custodian. This is the same HSBC who has been fined for laundering money for drug cartels as well as manipulating the LIBOR, among other markets.
It has been widely acknowledged that China is adding huge tonnage every year to their gold reserves. But 1540 tons in 2013?
http://www.gotgoldreport.com/2014/08/koos-jansen-.html
And more in 2014? The Chinese are hoarding a lot faster than their 50-year plan suggests.
Russia and China are signing bilateral trade agreements with each other, in addition to other trading partners. They are making an overt, concerted effort toward de-dollarization. One of the pillars of that strategy is to back their respective currencies--the ruble and the yuan--with gold.
This massive shift in wealth from western economies to the East is as clear as day to those with eyes wide open. The rest of America sleep walks through life still believing in American exceptionalism, even as US influence abroad is plummeting along the same trajectory as the dollar's store of value.
Why should Americans care? What are the consequences of the USDollar losing its reserve currency status? Say hello to $10/gallon gas...or higher.
...Xu points out that in 2013 Chinese mines produced 428 tonnes of gold and China net imported 1540 tonnes, adding up to nearly 2000 tonnes. This is exactly in line with the amount of total supply (/demand) at the SGE that year: 2197 tonnes. The 229 tonnes gap has been filled by scrap supply. With this statement Xu confirms that SGE withdrawals equal wholesale demand. (read this for a full analysis of the Chinese gold market).Here is the disconnect: in 2009, China surprised markets by announcing they had accumulated 1054 metric tons of gold in their reserves, an increase from 600 tons reported in 2003 by the State Administration of Foreign Exchange (SAFE).
http://uk.reuters.com/article/2009/04/24/business-us-china-gold-idUKTRE53N18T20090424
Since then, China has been mum about gold purchases. Heady speculation is they are not announcing their gold purchase program to keep a lid on prices (buying at lower prices is advantageous). Estimates range from 5000 - 6000 tons, and recent data suggests China's gold reserves could be even higher.
The next pertinent question is where is the bullion coming from? The answer is likely from the vaults of the Fed, Bank of England, and IMF. Other sources include the GLD ETF in London, with HSBC as the custodian. This is the same HSBC who has been fined for laundering money for drug cartels as well as manipulating the LIBOR, among other markets.
It has been widely acknowledged that China is adding huge tonnage every year to their gold reserves. But 1540 tons in 2013?
http://www.gotgoldreport.com/2014/08/koos-jansen-.html
And more in 2014? The Chinese are hoarding a lot faster than their 50-year plan suggests.
Russia and China are signing bilateral trade agreements with each other, in addition to other trading partners. They are making an overt, concerted effort toward de-dollarization. One of the pillars of that strategy is to back their respective currencies--the ruble and the yuan--with gold.
This massive shift in wealth from western economies to the East is as clear as day to those with eyes wide open. The rest of America sleep walks through life still believing in American exceptionalism, even as US influence abroad is plummeting along the same trajectory as the dollar's store of value.
Why should Americans care? What are the consequences of the USDollar losing its reserve currency status? Say hello to $10/gallon gas...or higher.
"Rapidly Declining Silver Inventories on the Shanghai Futures Exchange", by SRSrocco
Look how low physical silver inventories are at the Shanghai Futures Exchange. Note that most contracts are settled with physical delivery, unlike at the COMEX where contracts are settled via cash (virtual paper).
http://www.tfmetalsreport.com/blog/6014/guest-post-rapidly-declining-silver-inventories-shanghai-futures-exchange-srsrocco
http://www.tfmetalsreport.com/blog/6014/guest-post-rapidly-declining-silver-inventories-shanghai-futures-exchange-srsrocco
The Complete History Of US Presidents Bombing Iraq Back Into The Stone Age
The US presidencies resemble puppet regimes spreading war to distract the masses from domestic problems--and to try to secure crude oil resources, and most importantly, maintain USDollar hegemony.
http://www.zerohedge.com/news/2014-08-11/complete-annotated-history-us-presidents-bombing-iraq-back-middle-ages
http://www.zerohedge.com/news/2014-08-11/complete-annotated-history-us-presidents-bombing-iraq-back-middle-ages
Former Bank Of England Head Mervyn King "Monetary Policy Isn't The Answer"
http://www.zerohedge.com/news/2014-08-11/former-bank-england-head-mervyn-king-monetary-policy-isnt-answer
Why is it that central bankers always wait until after they quit their job before telling the truth?
In his keynote address, former governor of the Bank of England Mervyn King gave the Australian mining industry some hope for a brighter future, arguing world insecurity could have a positive impact on the price of gold and other commodities.
He said the geopolitical and economic uncertainty will boost commodity prices.
But he argued globally countries would have to face up to mounting debt, while warning central bank adjustments were not the answer.
"We are beginning to discover that the reason the world recovery is so slow is that monetary policy isn't the answer now, and other policies need to be put in place to rebalance the world economy," he said.
Sunday, August 10, 2014
China Foreign Ministry Defends Lighthouse On Disputed Islands
Meanwhile, tensions in the South China Sea are rising...
http://www.businessinsider.com/r-china-foreign-ministry-defends-lighthouse-on-disputed-islands-2014-09
http://www.businessinsider.com/r-china-foreign-ministry-defends-lighthouse-on-disputed-islands-2014-09
The U.S. Airstrikes in Northern Iraq Are All About Oil
This author is only partially correct. Geopolitical hot spots are grab bags for securing crude oil, but the larger issue is the US maintaining dollar hegemony.
http://www.newrepublic.com/article/119035/us-attack-islamic-militants-all-about-iraqs-oil
http://www.newrepublic.com/article/119035/us-attack-islamic-militants-all-about-iraqs-oil
Saturday, August 9, 2014
Russian nuclear-capable bombers 'tested' US air defenses 16 times in last 10 days
http://rt.com/usa/178820-russia-military-flights-us-airspace/
“After tracking the bombers as they flew eastward, two of the four Bears turned around and headed west toward the Russian Far East,” he wrote of the June incident. “The remaining two nuclear-capable bombers then flew southeast and around 9:30 P.M. entered the US northern air defense zone off the coast of Northern California.”
Those two aircraft, Gertz added, made it within 50 miles of the coast before turning around after a US F-15 intercepted them.
Friday, August 8, 2014
Thursday, August 7, 2014
FDIC: Big banks' living wills not credible and need to be revised
So it looks like any bail-in of too-big-to-fail banks on the backs of depositors will occur after July 1, 2015.
http://www.cnbc.com/id/101896640
http://www.cnbc.com/id/101896640
Obama: Ebola 'Can Be Controlled and Contained'
I'm afraid Obama is wrong on the ebola outbreak.
http://www.breitbart.com/Big-Government/2014/08/06/Obama-Ebola-Can-Be-Controlled-and-Contained
http://www.breitbart.com/Big-Government/2014/08/06/Obama-Ebola-Can-Be-Controlled-and-Contained
Europe Furious That Putin Dares To Retaliate To Sanctions, Blames Economic Slide On Kremlin
As Putin predicted, US-led NATO economic sanctions against Russia will have a boomerang effect, hurting the US and Europe as much, if not more. Russia is pivoting to other trade partners, including the BRICS and especially China.
The overarching (but unreported) problem is these sanctions are merely accelerating the demise of the USDollar as the global reserve currency. Well done, US politicians. You've just hastened the decline of America's standard of living.
http://www.zerohedge.com/news/2014-08-07/europe-furious-putin-dares-retaliate-sanctions-blames-economic-slide-kremlin
The overarching (but unreported) problem is these sanctions are merely accelerating the demise of the USDollar as the global reserve currency. Well done, US politicians. You've just hastened the decline of America's standard of living.
http://www.zerohedge.com/news/2014-08-07/europe-furious-putin-dares-retaliate-sanctions-blames-economic-slide-kremlin
Wednesday, August 6, 2014
Tuesday, August 5, 2014
How is Congress paying for the short-term Highway Trust Fund fix?
How does the US intend to fund infrastructure projects? Well naturally, pensions and higher user taxes.
http://www.cbsnews.com/news/how-is-congress-paying-for-the-short-term-highway-trust-fund-fix/
http://www.cbsnews.com/news/how-is-congress-paying-for-the-short-term-highway-trust-fund-fix/
Monday, August 4, 2014
James Turk - Gold Is Now In Backwardation - What’s Next?
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/4_James_Turk_-_Gold_Is_Now_In_Backwardation_-_Whats_Next.html
"To sum up, Eric, we have two powerful forces meeting each other head-on. First, there is the uptrend that began in June 2013. That date marks the low of the correction in the precious metals that began in 2011. Then there is the second force, which is the short-term correction that began a month ago when both gold and silver were stopped in their tracks at $1,340 and $21.35 respectively by a blizzard of paper selling by the price manipulators.So we are seeing a battle of physical metal versus paper. History shows that physical gold always wins."
8 Months of Muppet Brutality: Why And Where Goldman Told Clients To Buy Banco Espirito Santo
This is another example of Goldman Sachs telling some of their clients to buy a banking stock which would later collapse.
http://www.zerohedge.com/news/2014-08-04/8-months-muppet-brutality-why-and-where-goldman-told-clients-buy-banco-espirito-sant
http://www.zerohedge.com/news/2014-08-04/8-months-muppet-brutality-why-and-where-goldman-told-clients-buy-banco-espirito-sant
Sunday, August 3, 2014
Mining Stocks Climb Into Top 10 Of IBD Industry Ranks
Shares of mining companies tend to be more volatile than the precious metals themselves--which are already volatile. Having said that, shares of mining companies have been beaten up badly since peak values in 2011. The bottom may have been put in place last year, and the fact that shares have outperformed in 2014 is bullish for the precious metals complex because shares tend to lead the prices of the underlying metals.
Despite mining shares outperforming other asset sectors, mainstream financial media continually ignores this sector.
Due to the high volatility, it takes a strong stomach to trade in mining shares, but the bottom may be in place. However, share appreciation will be not be a straight line, so be careful, and be nimble. Buying on dips for shares is the greed trade. The fear trade is buying physical gold and silver.
http://news.investors.com/080114-711490-gold-silver-miners-show-strength.htm?ven=yahoocp&src=aurlled&ven=yahoo
Despite mining shares outperforming other asset sectors, mainstream financial media continually ignores this sector.
Due to the high volatility, it takes a strong stomach to trade in mining shares, but the bottom may be in place. However, share appreciation will be not be a straight line, so be careful, and be nimble. Buying on dips for shares is the greed trade. The fear trade is buying physical gold and silver.
http://news.investors.com/080114-711490-gold-silver-miners-show-strength.htm?ven=yahoocp&src=aurlled&ven=yahoo
G-20 Revolt? France Gets "Positive Reception" To Challenge US Bank Fines
With friends like these, who needs enemies? The fact is: the US is running out of allies, and the USDollar is on its way out as the global reserve currency.
http://www.zerohedge.com/news/2014-08-03/g-20-revolt-france-gets-positive-reception-challenge-us-bank-fines
http://www.zerohedge.com/news/2014-08-03/g-20-revolt-france-gets-positive-reception-challenge-us-bank-fines
Saturday, August 2, 2014
McCollum Memo
http://en.wikipedia.org/wiki/McCollum_memo
Was the McCollum memo in 1940 a precursor to Pearl Harbor? Is Bill S.2277 preceding World War III? See http://www.paulcraigroberts.org/2014/07/24/washington-escalating-orchestrated-ukrainian-crisis-war-paul-craig-roberts/
Was the McCollum memo in 1940 a precursor to Pearl Harbor? Is Bill S.2277 preceding World War III? See http://www.paulcraigroberts.org/2014/07/24/washington-escalating-orchestrated-ukrainian-crisis-war-paul-craig-roberts/
Friday, August 1, 2014
Saudis lament, 'we have been stabbed in the back by Obama'
http://www.foxnews.com/opinion/2013/12/27/saudis-lament-have-been-stabbed-in-back-by-obama/
“The bond of trust between America and Saudi Arabia has been broken in the Obama years," al-Ibrahim said. "We feel we have been stabbed in the back by Obama."
"Every time that Obama had to choose between his enemies and his friends, he always chose his enemies," he said. "We don't know what he's putting in his tea."
Obama's Former Chief Economist Has Some Words Of Encouragement For US Workers
This is another example of a former government bureaucrat exposing the truth only after they leave office.
http://www.zerohedge.com/news/2014-08-01/obamas-former-chief-economist-has-some-words-encouragement-us-workers
http://www.zerohedge.com/news/2014-08-01/obamas-former-chief-economist-has-some-words-encouragement-us-workers
*KRUEGER SAYS WORKERS NEED TO 'RATCHET DOWN WAGE EXPECTATIONS'
Man Who Executed QE1 Exposes True Horror Of 2008 Collapse
The truly frightening thought is the next financial crisis will be orders of magnitude worse than the 2008 crisis. Because the next bubbles to burst will be the dollar and US Treasury bond bubbles.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/1_Man_Who_Executed_QE1_Exposes_True_Horror_Of_2008_Collapse.html
In
the short-term, the dollar and US Treasuries may gain strength in a
perceived flight to quality. When wars and geopolitical hot spots
erupt, or when there are natural disasters, or deadly viruses spread
(see ebola), the dollar has been a traditional safe haven. This creates
demand for the dollar and US Treasury bonds.
But the world is catching on to dollar debauchery by the Fed and trading nations are "diversifying" away from the dollar. This will create a flood of dollars sold back to the US. This is extremely bearish for the dollar. and will ultimately cause the end of dollar hegemony.
The Fed and Treasury are deathly afraid of deflation, as it causes markets to implode (even if it has the added benefit of dollar strength--or cash). But they are tone deaf to the ravages of inflation, which harm the poor and middle class the most. A country's central banks first duty is to maintain price stability and currency integrity. The fact that central banks globally are pursuing a policy of inflation is borderline insane.
The Fed masks currently inflation with official CPI statistics of 2% when true inflation rate is 9-10%, according to shadowstats.com, which uses pre-1994 calculation methodologies. This inflation is showing up in financial assets, high end art, real estate, as well as in staples like food and energy. Other sectors affected include education and healthcare. Inflation reduces the standard of living for all--that's what the financial elites don't tell the masses.
The powers-that-be equate inflation with GDP growth. GDP growth can also be overstated by car manufacturers' inventory bulging due to unsold cars, for example. Unemployment is understated due to chicanery and smoke and mirrors. Inflation is understated--all done to mask economic malaise.
This short interview gives a behind-the-scenes look into how the financial elites really don't have a clue on why their economic models aren't working. The previous Jim Rickards interview analyzes the disconnect.
But the world is catching on to dollar debauchery by the Fed and trading nations are "diversifying" away from the dollar. This will create a flood of dollars sold back to the US. This is extremely bearish for the dollar. and will ultimately cause the end of dollar hegemony.
The Fed and Treasury are deathly afraid of deflation, as it causes markets to implode (even if it has the added benefit of dollar strength--or cash). But they are tone deaf to the ravages of inflation, which harm the poor and middle class the most. A country's central banks first duty is to maintain price stability and currency integrity. The fact that central banks globally are pursuing a policy of inflation is borderline insane.
The Fed masks currently inflation with official CPI statistics of 2% when true inflation rate is 9-10%, according to shadowstats.com, which uses pre-1994 calculation methodologies. This inflation is showing up in financial assets, high end art, real estate, as well as in staples like food and energy. Other sectors affected include education and healthcare. Inflation reduces the standard of living for all--that's what the financial elites don't tell the masses.
The powers-that-be equate inflation with GDP growth. GDP growth can also be overstated by car manufacturers' inventory bulging due to unsold cars, for example. Unemployment is understated due to chicanery and smoke and mirrors. Inflation is understated--all done to mask economic malaise.
This short interview gives a behind-the-scenes look into how the financial elites really don't have a clue on why their economic models aren't working. The previous Jim Rickards interview analyzes the disconnect.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/1_Man_Who_Executed_QE1_Exposes_True_Horror_Of_2008_Collapse.html
“Yes. Every bank, I don’t care what people say, every U.S. bank in the week after Lehman would have gone bankrupt. Any major U.S. bank was done...."
How Israel Spins War Crimes
This is a provocative opinion on the current use of propaganda. Of course, spin and war crimes are often connected, not just from Israel.
http://www.counterpunch.org/2014/07/28/how-israel-spins-war-crimes/
http://www.counterpunch.org/2014/07/28/how-israel-spins-war-crimes/
If it's not OK to spy on senators, is it still OK to spy on citizens?
So the CIA Director admits that spying on the Senate was unconstitutional and in the same breath, admits he lied about it since his denial several months ago. Apology accepted by Dianne Feinstein.
What about illegal snooping on ordinary citizens?
http://washingtonexaminer.com/if-its-not-ok-to-spy-on-senators-is-it-still-ok-to-spy-on-citizens/article/2551506
What about illegal snooping on ordinary citizens?
http://washingtonexaminer.com/if-its-not-ok-to-spy-on-senators-is-it-still-ok-to-spy-on-citizens/article/2551506
India Slams US Global Hegemony By Scuttling Global Trade Deal, Puts Future Of WTO In Doubt
This is another failure for US foreign policy and USDollar hegemony. India's pivot away from the WTO and toward Russia/China alliance is another huge blow to the dollar as global reserve currency.
http://www.zerohedge.com/news/2014-08-01/india-slams-us-global-hegemony-scuttling-global-trade-deal-puts-future-wto-doubt
http://www.zerohedge.com/news/2014-08-01/india-slams-us-global-hegemony-scuttling-global-trade-deal-puts-future-wto-doubt
Rihanna Clarifies She Just Wants ‘Peace’ After ‘#FreePalestine’ Tweet
You know the pro-Israeli support in America is alive and strong when superstar celebrities like Selena Gomez, Rihanna and Dwight Howard feel the need to recant on their tweet "mistake" of "Free Palestine."
It appears the coupling of the African-American and Jewish communities is fracturing a bit on the asymmetric war between Israelis and Palestinians in the Gaza.
http://www.mtv.com/news/1869376/rihanna-free-palestine-tweet/
It appears the coupling of the African-American and Jewish communities is fracturing a bit on the asymmetric war between Israelis and Palestinians in the Gaza.
http://www.mtv.com/news/1869376/rihanna-free-palestine-tweet/
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