Tuesday, December 27, 2016
Sunday, December 25, 2016
Trumpocalypse? Suddenly Liberals Are The Ones Stockpiling Food, Guns And Emergency Supplies
So liberals called preppers "far-right, extreme, domestic terrorists." And now that Trump won the presidential elections, liberals are now prepping for the apocalypse? The hypocrisy from the left continues to astound.
http://theeconomiccollapseblog.com/archives/trumpocalypse-suddenly-liberals-are-the-ones-stockpiling-food-guns-and-emergency-supplies
http://theeconomiccollapseblog.com/archives/trumpocalypse-suddenly-liberals-are-the-ones-stockpiling-food-guns-and-emergency-supplies
Labels:
Emergency Supplies,
food,
guns,
Liberals,
stockpiling,
Trumpocalypse
One Major Firm’s Chief Investment Strategist Just Said It’s Time To Own Gold, Silver And Other Hard Assets
Saut is a well-respected analyst in the mainstream financial community. Typically, he's a cheerleader for equities and not a fan of gold. However, he has recently turned bullish on real assets, including gold. I don't think he fully understands the precious metals markets (after all, he is part of Wall Street status quo), but he definitely has an eye for market timing and fundamental analysis.
http://kingworldnews.com/one-major-firms-chief-investment-strategist-says-its-time-to-own-gold-silver/
http://kingworldnews.com/one-major-firms-chief-investment-strategist-says-its-time-to-own-gold-silver/
Labels:
Chief Investment Strategist,
gold,
hard assets,
Major Firm,
Own,
silver,
TIME
Wednesday, December 21, 2016
Paul Krugman's Tweet on Trump's Economic Team
You know my opinion of Krugman. He is a lying crook with credentials. The fact that he is anti-gold gives me comfort.
https://twitter.com/paulkrugman/status/811215078175350784
https://twitter.com/paulkrugman/status/811215078175350784
Are people noticing that the Trump economic team is shaping up as a gathering of gold bugs?
Labels:
economic team,
Paul Krugman,
Trump
Saturday, December 17, 2016
Tuesday, December 13, 2016
War on ‘Fake News’ Part of a War on Free Speech
Ron Paul is a true hero. His critics who falsely claim he is a Russian agent are the true traitors, seeking to eliminate dissenting voices.
http://ronpaulinstitute.org/archives/featured-articles/2016/december/11/war-on-fake-news-part-of-a-war-on-free-speech/
http://ronpaulinstitute.org/archives/featured-articles/2016/december/11/war-on-fake-news-part-of-a-war-on-free-speech/
Labels:
‘Fake News,
Free Speech,
war
Sunday, December 11, 2016
Friday, December 9, 2016
Thursday, December 8, 2016
Paul Brodsky Just Exposed Why Gold Is About To See A Big Reversal, Along With Equity And Credit Markets
Brodsky calls it as he sees it with great depth and insight.
http://kingworldnews.com/paul-brodsky-just-exposed-why-gold-is-about-to-reverse/
http://kingworldnews.com/paul-brodsky-just-exposed-why-gold-is-about-to-reverse/
Labels:
Big Reversal,
Credit Markets,
equity,
gold,
Paul Brodsky
Sunday, December 4, 2016
Devastating Collapse Looms As India Sees The Price Of Gold Selling At A Jaw-Dropping $1,600 – $3,000
The official spot price of gold matters little (currently $1173/oz.). The "unofficial" (i.e. black market) price of physical gold in India is between $1600 - $3000/oz.--if one can get it. The Indian government's ban on cash is having unintended consequences, as do most artificial interventions by governments and treasuries.
http://kingworldnews.com/a-devastating-collapse-looms/
http://kingworldnews.com/a-devastating-collapse-looms/
Labels:
Devastating Collapse,
India,
Looms,
price of gold
Saturday, December 3, 2016
“Economy Shattered, Currency Collapsing”: Venezuelans Wait in 6 ATM Lines For Enough to Buy Rice
Zombies won't be the scourge of a future apocalypse. Hyperinflation will be, thanks to the government printing press. It's already happening in several countries. There is no future for them.
http://www.shtfplan.com/headline-news/economy-shattered-currency-collapsing-venezuelans-wait-in-6-atm-lines-for-enough-to-buy-rice_12022016#
http://www.shtfplan.com/headline-news/economy-shattered-currency-collapsing-venezuelans-wait-in-6-atm-lines-for-enough-to-buy-rice_12022016#
Labels:
ATM Lines,
buy,
collapsing,
currency,
economy,
rice,
shattered,
Venezuelans,
Wait
Saturday, November 26, 2016
The Fallacies of Bernie Sanders
https://mises.org/blog/fallacies-bernie-sanders
“Bernie often says out loud what others are privately thinking.” (p.13) The middle class and the poor are not doing well, he says; and the fault lies in a “rigged’ system. “The economy becomes rigged because the rich, primarily represented by ‘greedy’ billionaires and corporations, use their wealth to subvert the political process and take command of government.”
Lewis finds much truth in Sanders’s accusation. In a manifestly corrupt way, for example, failed banks and businesses were “bailed out” after the financial crash of 2008. “[Hank] Paulson, former CEO of Goldman Sachs, was one of the architects of the Wall Street bailout of 2008 which not only rescued Wall Street, but also rescued his own firm, along with all the shares he still retained in that firm.” (p.132)
If Sanders has correctly identified a major problem, his proposed solution to it would only make matters worse; and in Lewis’s careful pressing home of this claim against Sanders lies the principal contribution of his book.
Sanders wants to end the rigged system by, among other measures, increasing government control over corporations and redistributing income and wealth from the rich to the poor. In these proposals, he overlooks a vital distinction; and this vitiates the rationale for what he suggests. Sanders blames capitalism for the rigged system, but what we have today is not a free market economy but rather “crony capitalism.” “It does not seem so much a capitalist system in the United States as a crony capitalism in which individuals get rich, not by supplying good products and services at the lowest possible cost for consumers, but rather by getting monopoly protections or other favors from government or by otherwise benefiting from government actions or connections.”
By neglecting to distinguish crony capitalism from genuine capitalism, Sanders is led to propose “cures” that would only intensify the disease he diagnoses. “Bernie proposes to solve the problem of political corruption and a rigged economy by giving government even more power. How will this help? Surely an expanded and even more powerful government, ever more deeply involved in running the economy, will become an even more tempting target for the wealthy subverters?”
Labels:
Bernie Sanders,
Fallacies
Monday, November 21, 2016
After Trump Win, Ad Agencies Admit They're Clueless On How To Market To Midwest Consumers
http://www.zerohedge.com/news/2016-11-21/after-trump-win-ad-agencies-admit-theyre-clueless-how-market-midwest-consumers
In the wake of Donald Trump’s election as U.S. president with a wave of support from middle American voters, advertisers are reflecting on whether they are out of touch with the same people—rural, economically frustrated, elite-distrusting, anti-globalization voters—who propelled the businessman into the White House. Mr. Trump’s rise has them rethinking the way they collect data about consumers, recruit staff and pitch products.
“Every so often you have to reset what is the aspirational goal the public has with regard to the products we sell,” said Harris Diamond, McCann’s CEO. “So many marketing programs are oriented toward metro elite imagery.” Marketing needs to reflect less of New York and Los Angeles culture, he said, and more of “Des Moines and Scranton.”
Wednesday, November 16, 2016
Tuesday, November 15, 2016
Sunday, November 13, 2016
Krugman Admits He Is Clueless. That Progress will be Short-Lived
https://mishtalk.com/2016/11/12/krugman-admits-he-is-clueless/
Whatever the problem, government is not the solution.
Whatever the problem, government is not the solution.
Labels:
Admits,
clueless,
Krugman,
progress,
Short-Lived
Friday, November 11, 2016
Despite Trump rally, market direction will hinge on interest rates: Analyst Peter Boockvar
Peter Boockvar believes the decades-long bull market in bonds is over. What comes next is pain.
http://www.cnbc.com/2016/11/09/despite-trump-rally-market-direction-will-hinge-on-interest-rates-analyst-peter-boockvar.html
http://www.cnbc.com/2016/11/09/despite-trump-rally-market-direction-will-hinge-on-interest-rates-analyst-peter-boockvar.html
Labels:
hinge,
interest rates,
market direction,
Peter Boockvar,
Trump rally
Saturday, November 5, 2016
Financial Instruments, by the International Monetary Fund
In the IMF's report on Financial Instruments, the following footnote on Monetary Gold can be found on page 8:
https://webcache.googleusercontent.com/search?q=cache:ZseMf9FvLjAJ:https://www.imf.org/external/region/tlm/rr/pdf/Jan09.pdf+&cd=1&hl=en&ct=clnk&gl=us
https://webcache.googleusercontent.com/search?q=cache:ZseMf9FvLjAJ:https://www.imf.org/external/region/tlm/rr/pdf/Jan09.pdf+&cd=1&hl=en&ct=clnk&gl=us
2 Gold bullion has no counterpart liability.
Thursday, November 3, 2016
Sunday, October 30, 2016
Tuesday, October 25, 2016
Thursday, October 20, 2016
East vs. West Division Is About The Dollar - Not Nuclear War
Again, I've posited if Trump gets elected, he and conservativism will be the patsies.
http://www.alt-market.com/articles/3039-east-vs-west-division-is-about-the-dollar-not-nuclear-war
http://www.alt-market.com/articles/3039-east-vs-west-division-is-about-the-dollar-not-nuclear-war
Labels:
Division,
dollar,
east,
nuclear war,
West
Monday, October 17, 2016
This Is Going To Shock World Financial Markets
http://kingworldnews.com/this-will-shock-world-financial-markets/
I believe we will have unlimited money printing in the next few years which will lead to hyperinflation. Thereafter we are likely to see a deflationary implosion. But if I will be wrong and severe deflation comes first, the world financial system will not survive. In that case, gold will become the only money available and therefore extremely valuable. Thus, physical gold will be the best protection both against inflation and deflation.”
Labels:
financial markets,
Shock,
world
Sunday, October 16, 2016
It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
The bail-in may become relevant soon.
http://www.huffingtonpost.com/ellen-brown/banks-confiscation_b_2957937.html
http://www.huffingtonpost.com/ellen-brown/banks-confiscation_b_2957937.html
Labels:
bail-in,
Confiscation Scheme,
depositors,
Ellen Brown,
happen,
planned
Thursday, October 13, 2016
Global Elites Are Getting Ready To Blame You For The Coming Financial Crash
I've always said if Trump wins the presidential election, he and conservatism will be the patsy.
http://www.alt-market.com/articles/3034-global-elites-are-getting-ready-to-blame-you-for-the-coming-financial-crash
http://www.alt-market.com/articles/3034-global-elites-are-getting-ready-to-blame-you-for-the-coming-financial-crash
Wednesday, October 12, 2016
Tuesday, October 11, 2016
Poor America: 7 in 10 Americans have less than $1,000 in savings
http://planetfreewill.com/2016/10/10/poor-america-7-in-10-americans-have-less-than-1000-in-savings/
Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.
Breaking the survey data down a bit further, we find that 34% of Americans don’t have a dime in their savings account, while another 35% have less than $1,000.
Sunday, October 9, 2016
Tuesday, October 4, 2016
Guccifer 2.0 Hacked Clinton Foundation
There is literally a folder in the root directory from the Clinton Foundation server which is spelled out as "Pay to Play". If Hillary gets elected, Americans deserve what they will get. A shit sandwich.
https://guccifer2.wordpress.com/2016/10/04/clinton-foundation/
http://www.zerohedge.com/news/2016-10-04/clinton-foundation-hacked-exposing-thousands-donor-databases-pay-play-folder
https://guccifer2.wordpress.com/2016/10/04/clinton-foundation/
http://www.zerohedge.com/news/2016-10-04/clinton-foundation-hacked-exposing-thousands-donor-databases-pay-play-folder
Labels:
Clinton Foundation,
Guccifer 2.0,
hacked
Monday, October 3, 2016
Saturday, October 1, 2016
OECD Warns Fed, BOJ, ECB of Asset Bubbles, “Risks to Financial Stability,” Pinpoints US Stocks & Real Estate
http://wolfstreet.com/2016/09/21/oecd-warns-fed-boj-ecb-of-asset-bubbles-risks-to-financial-stability-pinpoints-us-stocks-real-estate/
Financial instability risks are rising, including from exceptionally low interest rates and their effects on financial assets and real estate prices.”
Low interest rates underpin widespread and substantial increases in asset prices, both internationally and across asset classes, which increases the likelihood and vulnerability of a sharp correction in asset prices.
A reassessment in financial markets of interest rates could result in substantial re-pricing of assets and heighten financial volatility even if interest rates were to remain below long-term averages.This is as close to code speak by financial authorities that markets are about to crash.
Labels:
asset bubbles,
BOJ,
ECB,
Fed,
Financial Stability,
OECD,
Pinpoints,
real estate,
risks,
stocks,
US,
warns
Friday, September 30, 2016
The Fed’s Monetary Politburo Is Finally Catching Some Flack
End the Fed. They pose as high priests of finance, when they are merely sophisticated scoundrels, liars, cheats, and thieves.
http://davidstockmanscontracorner.com/the-feds-monetary-politburo-is-finally-catching-some-flack/
http://davidstockmanscontracorner.com/the-feds-monetary-politburo-is-finally-catching-some-flack/
Wednesday, September 28, 2016
Hillary Clinton’s Campaign Against Russia
This professor deservedly calls out both Democratic and Republican warmongers alike.
http://www.counterpunch.org/2016/09/26/hillary-clintons-campaign-against-russia/
http://www.counterpunch.org/2016/09/26/hillary-clintons-campaign-against-russia/
Labels:
against,
campaign,
Hillary Clinton,
Russia
White House lashes out at 'embarrassing' Senate veto override
White House Press Secretary called out the Senate for overriding Obama's veto, saying it was embarrassing. The Senate overrode the bill enabling 9/11 victims the ability to sue Saudi Arabia by a margin of 97-1. My question: the vote was embarrassing to whom--the Senate of Obama?
http://thehill.com/homenews/administration/298290-white-house-lashes-out-at-embarrassing-senate-veto
http://thehill.com/homenews/administration/298290-white-house-lashes-out-at-embarrassing-senate-veto
Labels:
embarrassing,
lashes,
Senate,
veto override,
White House
Tuesday, September 27, 2016
Bridgewater Calculates How Much Time Central Banks Have Left
http://www.zerohedge.com/news/2016-09-27/bridgewater-calculates-how-much-time-central-banks-have-left
Ok fine, central banks are "running out of road", however at the same time they are terrified to rip (or even peel) the band-aid off. This has put the system in an unstable equilibrium: on one hand, central bankers - as even they admit - need to hand over the growth impulse over to governments, yet on the other hand, they terrified of even the smallest change to the status quo as they know they may undo some 7 years of "wealth effect" creation overnight.
How much longer can this charade continue?
While many would be quick to answer "indefinitely" that is not true, because with every bond, ETF or stock, purchased by central bankers they come to the point where they either monetize the entire lot, or they increasingly impair the functioning of the capital markets (just ask the dozens of marquee hedge funds that have shuttered in recent years).
Luckily, in a recent analysis, Ray Dalio's Bridgewater asked precisely this question, and even better, provided the answer to how much time is left until both the ECB and BOJ hit the limits on their existing programs.
As the chart below shows, assuming no changes to existing programs, the ECB and the BOJ, the two central banks most actively monetizing debt currently, have 8 and 26 months respectively, if they do no changes to their programs.
However, if incremental easing is layered on, like expanding the scope of their bond buying programs or purchasing equities even more aggressively, the total rises substantially. The final answer: 68 months, or just above 5 and a half years, in the case of the ECB, were it to steamroll all political opposition and monetize virtually every possible bond (and 20% of the equity market), and 48 months, or 4 years, in the case of the BOJ.
Labels:
Bridgewater,
Calculates,
central banks,
Have Left,
HOW MUCH,
TIME
The Donald Nailed It: “We Are In A Big Fat Ugly Bubble”
This is why both Democrats and establishment republicans do not like Trump. Do you really want to understand global finance and central bank corruption? Read this.
http://davidstockmanscontracorner.com/the-donald-nailed-it-we-are-in-a-big-fat-ugly-bubble/
http://davidstockmanscontracorner.com/the-donald-nailed-it-we-are-in-a-big-fat-ugly-bubble/
Sunday, September 25, 2016
Elect The Warmonger Killary And You Will Have Victoria Nuland As Secretary Of State
It's interesting that two former officials of the Reagan administration, considered pro-military and defense spending, are openly criticizing former GOP Robert Kagan and Victoria Nuland, and portraying them as war-mongers. This shows just how extremely hawkish Hillary Clinton is on foreign policy, as Kagan and Nuland are in her camp. And people think Donald Trump is dangerous? Perhaps, but Hillary could start World War III.
http://www.paulcraigroberts.org/2016/05/20/elect-the-warmonger-killary-and-you-will-have-victoria-nuland-as-secretary-of-state/
http://www.paulcraigroberts.org/2016/05/20/elect-the-warmonger-killary-and-you-will-have-victoria-nuland-as-secretary-of-state/
17 Nobel Laureates and 1200+ Economists Agree with Ben Carson re U.S. Fiscal Gap
The government is running a ponzi scheme, applying cash accounting to report their financials, instead of GAAP accrual accounting.
http://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/#281b4fe65931
http://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/#281b4fe65931
Labels:
agree,
Ben Carson,
economists,
Fiscal Gap,
Nobel Laureates
Friday, September 23, 2016
More Troubling Evidence That Hillary Clinton Will Start WW3 – Part 2
http://libertyblitzkrieg.com/2016/09/20/more-troubling-evidence-that-hillary-clinton-will-start-ww3-part-2/
We’re going to war — either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering. She’s comparable to Bill Clinton’s choice of Cold War crackpot Madeleine Albright as one of the worst Secretary of States we’ve had since … Condi Rice? Albright boasted, “If we have to use force it is because we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future.”Oliver Stone endorsing Bernie Sanders is not surprising, given his left leanings. What is more surprising to convention wisdom is Stone's denunciation of Hillary Clinton. He actually compares Trump as the more favorable candidate, despite Trump's flaws. In hindsight, Stone's opinion of Hillary should be surprise anyone. Her track record of missteps leaves some pretty heavy clues.
Hillary’s record includes supporting the barbaric “contras” against the Nicaraguan people in the 1980s, supporting the NATO bombing of the former Yugoslavia, supporting the ongoing Bush-Iraq War, the ongoing Afghan mess, and as Secretary of State the destruction of the secular state of Libya, the military coup in Honduras, and the present attempt at “regime change” in Syria. Every one of these situations has resulted in more extremism, more chaos in the world, and more danger to our country. Next will be the borders of Russia, China, and Iran. Look at the viciousness of her recent AIPAC speech (don’t say you haven’t been warned). Can we really bear to watch as Clinton “takes our alliance [with Israel] to the next level”? Where is our sense of proportion? Cannot the media, at the least, call her out on this extremism? The problem, I think, is this political miasma of “correctness” that dominates American thinking (i.e. Trump is extreme, therefore Hillary is not).
This is why I’m praying still for Bernie Sanders, because he’s the only one willing, at least in the name of fiscal sanity, to cut back on our foreign interventions, bring the troops home, and with these trillions of dollars no longer wasted on malice, try to protect the “homeland” by actually rebuilding it and putting money into its people, schools, and infrastructure. - Oliver Stone
Labels:
Evidence,
Hillary Clinton,
Start,
Troubling,
WW3
Russia Views Hillary Clinton as An “Existential Threat” to Peace
Hillary Clinton is the war hawk presidential candidate, not Donald Trump. This article is spot on about US foreign policy in the middle east. It doesn't even go into Ukraine's regime change and subsequent civil war, instigated by the US and NATO, not Russia.
http://theantimedia.org/russia-clinton-existential-threat-peace/
http://theantimedia.org/russia-clinton-existential-threat-peace/
Labels:
Existential,
Hillary Clinton,
Peace,
Russia,
threat,
Views
Thursday, September 22, 2016
Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power
This is what a debt default and bankruptcy of a country/state looks like.
http://www.zerohedge.com/news/2016-09-22/puerto-rico-blackout-enters-second-day-leaving-entire-island-and-its-35mm-people-wit
http://www.zerohedge.com/news/2016-09-22/puerto-rico-blackout-enters-second-day-leaving-entire-island-and-its-35mm-people-wit
Tuesday, September 20, 2016
The Invisible American
http://www.gallup.com/opinion/chairman/195680/invisible-american.aspx
I've been reading a lot about a "recovering" economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.
I don't think it's true.
The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.
Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed.
What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.
Only In California - Governor Jerry Brown Signs Bill To Regulate Cow Flatulence
http://www.zerohedge.com/news/2016-09-19/only-california-governor-jerry-brown-signs-bill-regulate-cow-flatulence
In yet another attack on California businesses, yesterday Governor Jerry Brown signed into law a bill (SB 1383) that requires the state to cut methane emissions from dairy cows and other animals by 40% by 2030. The bill is yet another massive blow to the agricultural industry in the state of California that has already suffered from the Governor's passage of a $15 minimum wage and a recent bill that makes California literally the only state in the entire country to provide overtime pay to seasonal agricultural workers after working 40 hours per week or 8 hours per day.
Among other things, compliance with the bill will likely require California dairies to install "methane digesters" that convert the organic matter in manure into methane that can then be converted to energy for on-farm or off-farm consumption. The problem, of course, is that methane digesters are expensive and with California producing 20% of the country's milk we suspect that means that California has just passed another massive "food tax" on the country."The California Air Resources Board wants to regulate cow emissions, even though its Short-Lived Climate Pollutant (SLCP) reduction strategy acknowledges that there’s no known way to achieve this reduction."
That said, many California dairies will probably elect to simply close down and move to other states as they did in 2015. Per the California Department of Food and Agriculture, all but 1 of California's top 10 dairy producing counties saw a reduction in dairy production in 2015.
Labels:
bill,
California,
Cow,
Flatulence,
Governor,
Jerry Brown,
Regulate,
signs
Monday, September 19, 2016
Sunday, September 18, 2016
Saturday, September 17, 2016
Friday, September 16, 2016
In His Own Words
Former Fed Chairman Alan Greenspan is calling current monetary policy from central bankers "crazy.". The only problem is he was the kingpin of reckless money printing, and he enabled it.
http://www.alhambrapartners.com/2016/09/14/in-his-own-words/
http://www.alhambrapartners.com/2016/09/14/in-his-own-words/
Labels:
Own Words
Thursday, September 15, 2016
Harvard Crushes The "Obama Recovery" Farce With 9 Simple Charts
Harvard has jumped off the propaganda financial bandwagon.
http://www.zerohedge.com/news/2016-09-15/harvard-debunks-obama-recovery-farce
http://www.zerohedge.com/news/2016-09-15/harvard-debunks-obama-recovery-farce
Labels:
Crushes,
Farce,
Harvard,
Obama Recovery,
Simple Charts
Monday, September 12, 2016
Wednesday, September 7, 2016
IRS Warns Against Keeping IRA Funds In Gold At Home
My only comment regarding storing physical gold inside an IRA is analogous to the wolf guarding the hen house. Sure, it's legal to do so, but why would you?
http://www.zerohedge.com/news/2016-09-07/irs-warns-against-keeping-ira-funds-gold-home
http://www.zerohedge.com/news/2016-09-07/irs-warns-against-keeping-ira-funds-gold-home
Tuesday, September 6, 2016
Monday, September 5, 2016
Rothchilds Buying Gold On "Greatest" Money "Experiment" In "History of the World"
The only implication I disagree with is the implication that the Rothschilds are managing billions of dollars. I would speculate the family net worth is in the trillions. Regardless, they are joining the ranks of other billionaires who are guying physical gold, as they diversity away from other paper financial assets.
http://www.zerohedge.com/news/2016-08-19/rothchilds-buying-gold-greatest-money-experiment-history-world
http://www.zerohedge.com/news/2016-08-19/rothchilds-buying-gold-greatest-money-experiment-history-world
Labels:
buying,
EXPERIMENT,
gold,
greatest,
history,
money,
Rothchilds,
world
Sunday, September 4, 2016
Caption Contest: Whatcha Talkin' Bout Putin?
Last time I checked, Turkey was an ally of NATO and the US, not Russia. How low America has sunk.
http://www.zerohedge.com/news/2016-09-04/caption-contest-whatcha-talkin-bout-putin
http://www.zerohedge.com/news/2016-09-04/caption-contest-whatcha-talkin-bout-putin
Click on Image to Enlarge |
Saturday, September 3, 2016
Friday, September 2, 2016
"Tremendous Ripple Effects" - Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade
This could be the black swan that causes commerce to collapse, earnings to nose dive, and markets to plummet. At the very least, it will be painted as a disaster, justifying an imminent bursting of the bubble.
http://www.zerohedge.com/news/2016-09-02/ripple-effect-could-be-tremendous-retailers-demand-government-bailout-after-hanjin-c
http://www.zerohedge.com/news/2016-09-02/ripple-effect-could-be-tremendous-retailers-demand-government-bailout-after-hanjin-c
Labels:
bailout,
collapse,
demand,
Hanjin,
Paralyzes,
retailers,
Ripple Effects,
trade,
Tremendous
Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand
There are no two ways about it. This is a commercial signature failure to deliver physical gold--an outright default from Deutsche Bank. The price of physical gold should be soaring right about now.
http://www.zerohedge.com/news/2016-08-31/deutsche-bank-refuses-delivery-physical-gold-upon-demand
http://www.zerohedge.com/news/2016-08-31/deutsche-bank-refuses-delivery-physical-gold-upon-demand
Labels:
delivery,
Deutsche Bank,
physical gold,
Refuses,
Upon Demand
Tuesday, August 30, 2016
Monday, August 29, 2016
Yellen: Fed Should Explore Purchasing ‘Broader Range of Assets’
Lost amidst the normal gobbledigook double speak by Fed Chair Janet Yellen at the Jackson Hole Summit last week, was a short passage which largely went unnoticed by the financial pundits more interested in short-term interest rate fluctuations (to hike or not to hike). Here is the passage (boldface emphasis is mine):
The problem, of course, is liquidity is not wealth. Stimulus of this sort is nothing more than legalized counterfeiting, and no wealth is created...but that's for another discussion.
Helicopter money also ensures hyperinflation. The ol' "be careful what you wish for (targeted inflation rate)--you may get it (unintended hyperinflation)" rings true.
http://blogs.barrons.com/incomeinvesting/2016/08/26/yellen-fed-should-explore-purchasing-broader-range-of-assets/
On the monetary policy side, future policymakers might choose to consider some additional tools that have been employed by other central banks, though adding them to our toolkit would require a very careful weighing of costs and benefits and, in some cases, could require legislation. For example, future policymakers may wish to explore the possibility of purchasing a broader range of assets. Beyond that, some observers have suggested raising the FOMC’s 2 percent inflation objective or implementing policy through alternative monetary policy frameworks, such as price-level or nominal GDP targeting. I should stress, however, that the FOMC is not actively considering these additional tools and policy frameworks, although they are important subjects for research.This key message was obscurely packed into a bunch of esoteric back filling, but more importantly hints that helicopter money is coming. It is the last resort for desperate central banks trying to re-inflate the economy in a deflationary environment which every Keynesian economist fears. "Broader range of assets" indicates buying not just US Treasury bonds (quantitative easing), but also equities, corporate bonds, real estate, and eventually leads to giving away free tax deductions to the masses. Money and credit figuratively rain down at every level: household, corporate, government. Hence, the term "helicopter money" is coined due to the massive liquidity injected into the economy.
The problem, of course, is liquidity is not wealth. Stimulus of this sort is nothing more than legalized counterfeiting, and no wealth is created...but that's for another discussion.
Helicopter money also ensures hyperinflation. The ol' "be careful what you wish for (targeted inflation rate)--you may get it (unintended hyperinflation)" rings true.
http://blogs.barrons.com/incomeinvesting/2016/08/26/yellen-fed-should-explore-purchasing-broader-range-of-assets/
Labels:
assets,
Broader Range,
Explore,
Fed,
Purchasing,
Yellen
Sunday, August 28, 2016
Friday, August 26, 2016
Thursday, August 25, 2016
Wednesday, August 24, 2016
The Truth About Hillary's Bizarre Behavior
I originally thought Hillary Clinton would win the 2016 presidential election. I still believe she will win, but I'm concern about whether she will be able to serve out her term(s). This video raises some legitimate health concerns.
https://www.youtube.com/watch?v=OqbDBRWb63s
https://www.youtube.com/watch?v=OqbDBRWb63s
Labels:
Bizarre Behavior,
Hillary,
truth
Tuesday, August 23, 2016
Something "Unexpected" Happened When Seattle Raised The Minimum Wage
Wow, what a surprise . The University of Washington concluded that raising minimum wages in Seattle "lowered employment rates of low-wage workers".
http://www.zerohedge.com/news/2016-08-23/something-unexpected-happened-when-seattle-raised-minimum-wage
http://www.zerohedge.com/news/2016-08-23/something-unexpected-happened-when-seattle-raised-minimum-wage
...the Federal Reserve Bank of San Francisco that finds that "higher minimum wage results in some job loss for the least-skilled workers—with possibly larger adverse effects than earlier research suggested."Gee, the academics and intelligentsia are finally coming to the same conclusions the rest of us peons came to years ago.
Labels:
minimum wage,
Raised,
Seattle,
Unexpected
US National Debt Clock
More people are becoming aware of the huge US debt bomb. But what they aren't aware of is the US Treasury has issued so many USDollars that the prices for gold and silver should be astronomically higher, based on the money supply.
If not for the artificial suppression of precious metals prices by the monetary authorities and bullion banks acting on behalf of central banks, gold and silver should be $8,108/oz. and $896/oz., respectively.
http://www.usdebtclock.org/
If not for the artificial suppression of precious metals prices by the monetary authorities and bullion banks acting on behalf of central banks, gold and silver should be $8,108/oz. and $896/oz., respectively.
http://www.usdebtclock.org/
Labels:
Debt Clock,
gold,
money supply,
national,
silver
Sunday, August 21, 2016
The Fed Launches A Facebook Page... And The Result Is Not What It Had Expected
The comments to the Fed's new Facebook page would be hilarious if they weren't also tragic.
http://www.zerohedge.com/news/2016-08-21/fed-launches-facebook-page-and-result-not-what-it-had-expected
http://www.zerohedge.com/news/2016-08-21/fed-launches-facebook-page-and-result-not-what-it-had-expected
Saturday, August 20, 2016
Friday, August 19, 2016
Thursday, August 18, 2016
ALERT: Early Signs The Public Is Becoming More Involved In The Gold Market
I'm stoked that mainstream retail investment firm Charles Schwab issued a fairly comprehensive letter on gold investments. However, it's understandable they offer information that is equities-centric, as they sell mostly stocks and bonds to retail investors. In my opinion, they don't delve deep enough into the hidden dangers of un-allocated ETF's. They don't even address the potential of markets freezing up, or issue a warning about counterparty risk. Probably because Schwab is part of the global financial system and would be adversely impacted by a meltdown just like any other financial institution.
For instance, what happens to client accounts when investment firms collapse. Would direct registration of share certificates be the only reliable means of owning shares of a publicly-traded company?
Also, the article barely mentions the possession of physical gold bullion as the safest vehicle of ownership. Again, this omission is not surprising.
http://kingworldnews.com/alert-early-signs-the-public-is-becoming-more-involved-in-the-gold-market/
For instance, what happens to client accounts when investment firms collapse. Would direct registration of share certificates be the only reliable means of owning shares of a publicly-traded company?
Also, the article barely mentions the possession of physical gold bullion as the safest vehicle of ownership. Again, this omission is not surprising.
http://kingworldnews.com/alert-early-signs-the-public-is-becoming-more-involved-in-the-gold-market/
Labels:
Early Signs,
gold market,
More Involved,
public
Wednesday, August 17, 2016
Tuesday, August 16, 2016
Monday, August 15, 2016
Sunday, August 14, 2016
Chicago Records Deadliest Day In 13 Years As City Spirals Out Of Control
http://www.zerohedge.com/news/2016-08-14/chicago-records-deadliest-day-13-years-city-spirals-out-control
Finally, despite some of the most restrictive gun laws in the country, 87% of homicides were committed with firearms, up from 79% in 2010. So how could the city that has the toughest gun laws in the country, laws described as the "closest they could get legally to a ban without a ban," also have some of the highest gun-related homicide rates? Could it be, that criminals looking to use weapons for violence have a lower propensity to follow laws and that by banning guns you're really just taking them out of the hands of law-abiding citizens that wouldn't have used them for violence anyway?
Labels:
Chicago,
City,
Deadliest Day,
out of control,
Records,
Spirals
Friday, August 12, 2016
BIS Intervenes In The Gold Market To Aid Battered Gold Shorts!
FYI, the Bank for International Settlements (BIS) is the central bank of central banks. They pretty much dictate central bank policies around the globe, including the ECB (European), BOE (England), BOJ (Japan), Bundesbank (Germany), PBOC (China), and the Fed (United States). They've been known to intervene in gold markets in order to "manage" the price down.
http://kingworldnews.com/alert-bis-intervened-in-the-gold-market-to-assist-battered-gold-shorts/
http://kingworldnews.com/alert-bis-intervened-in-the-gold-market-to-assist-battered-gold-shorts/
Labels:
Aid,
Battered,
BIS,
gold market,
gold shorts,
Intervenes
Thursday, August 11, 2016
Erdogan Threatens To Abandon US Dollar In Trade With Russia
I predict US mainstream media and the CIA will now label Erdogan a terrorist who must be taken out. Any sovereign government leader looking for alternatives to the USDollar for cross-border trade is considered an enemy of the US State. See Hussein and Gaddafi, former US allies before their untimely demise. Were they evil dictators? Absolutely. But they were originally put into power by the US and the CIA, until they started entertaining alternatives to the petrodollar as payment for crude oil.
Also see Russia and China. Removing their government from power is another proposition. However, the neocon warmongers are beating the drums of war.
http://www.zerohedge.com/news/2016-08-11/erdogan-threatens-abandon-us-dollar-trade-russia
Also see Russia and China. Removing their government from power is another proposition. However, the neocon warmongers are beating the drums of war.
http://www.zerohedge.com/news/2016-08-11/erdogan-threatens-abandon-us-dollar-trade-russia
Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad
Any and all wars are about a land and sea grab of resources, and with the USDollar as the global reserve currency--it's all about the dollar.
http://www.zerohedge.com/news/2015-05-23/secret-pentagon-report-reveals-us-created-isis-tool-overthrow-syrias-president-assad
http://www.zerohedge.com/news/2015-05-23/secret-pentagon-report-reveals-us-created-isis-tool-overthrow-syrias-president-assad
Labels:
Created,
ISIS,
Overthrow,
Pentagon Report,
President Assad,
Reveals,
secret,
Syria,
Tool,
US
Wednesday, August 10, 2016
James Grant: Negative Interest Rates Will End — Badly
Pundits and laypeople alike are unable to grasp why deteriorating true economic indicators and profits are driving equities and bond markets to all-time highs (and record low or negative interest rates).
Conventional wisdom states that declining corporate profits should drive stock prices down. Yet, equities keep achieving all-time highs.
Perhaps, the answer is stored in the question. Due to record low and negative interest rates, stock markets will soar as the cost of borrowing is at all-time lows. If this sounds like a chicken-or-egg dilemma, it is. How long this monetary rubber band can be stretched is the essential question--because it will snap at some point.
The rhetorical question can also be answered with possible solutions to this conumdrum. If bonds continue to yield negative rates, cash becomes more valuable. The countervailing effect is if negative rates drive up inflation, cash becomes less valuable.
What else is left if inflation causes interest rates to reverse and rise? Financial markets would plummet if yields rise. Physical, tangible assets become the currency of last resort.
https://blogs.cfainstitute.org/investor/2016/08/08/james-grant-negative-interest-rates-will-end-badly/
Conventional wisdom states that declining corporate profits should drive stock prices down. Yet, equities keep achieving all-time highs.
Perhaps, the answer is stored in the question. Due to record low and negative interest rates, stock markets will soar as the cost of borrowing is at all-time lows. If this sounds like a chicken-or-egg dilemma, it is. How long this monetary rubber band can be stretched is the essential question--because it will snap at some point.
The rhetorical question can also be answered with possible solutions to this conumdrum. If bonds continue to yield negative rates, cash becomes more valuable. The countervailing effect is if negative rates drive up inflation, cash becomes less valuable.
What else is left if inflation causes interest rates to reverse and rise? Financial markets would plummet if yields rise. Physical, tangible assets become the currency of last resort.
https://blogs.cfainstitute.org/investor/2016/08/08/james-grant-negative-interest-rates-will-end-badly/
Tuesday, August 9, 2016
Saturday, August 6, 2016
Friday, August 5, 2016
Thursday, August 4, 2016
Wednesday, August 3, 2016
Bill Gross Talks "Sex", Answers "Honestly" What Happens When The Financial System Breaks Down
When the two biggest bond investors are shunning equities and bond markets, and putting their money into tangible assets like gold, it's time to take notice. Fixed-income markets dwarf equities, and bond investors are better predictors of the economy--even if they don't make the financial headlines like stock pickers do.
Bond investors are often labeled the smart money because they have a better track record of foretelling economic downturns, as equities analysts are understandably polyannish.
Jeff Gundlach and Bill Gross have recently turned bearish on traditional financial assets and bullish on gold. A contrarian may hesitate in following these iconic money managers. But sometimes investors can out-think themselves. While these two bond kings have influence on Wall Street (despite being headquartered in southern California), the average Joe wouldn't recognize these two star fund managers from Bernie Madoff. And that's a good thing if one is a contrarian.
http://www.zerohedge.com/news/2016-08-03/bill-gross-talks-sex-answers-honestly-what-happens-when-financial-system-breaks-down
Bond investors are often labeled the smart money because they have a better track record of foretelling economic downturns, as equities analysts are understandably polyannish.
Jeff Gundlach and Bill Gross have recently turned bearish on traditional financial assets and bullish on gold. A contrarian may hesitate in following these iconic money managers. But sometimes investors can out-think themselves. While these two bond kings have influence on Wall Street (despite being headquartered in southern California), the average Joe wouldn't recognize these two star fund managers from Bernie Madoff. And that's a good thing if one is a contrarian.
http://www.zerohedge.com/news/2016-08-03/bill-gross-talks-sex-answers-honestly-what-happens-when-financial-system-breaks-down
Labels:
Answers,
Bill Gross,
Breaks Down,
financial system,
honestly,
sex
Bitcoin Price Crashes After Exchange Admits Security Breach, Over $60 Million Stolen
I was initially enthused by Bitcoin as an anti-dollar crypto-currency, but after researching its cyber-security issues, I became suspicious of Bitcoin's creation. My suspicion was Satoshi Nakamoto, the alleged mythical creator of Bitcoin (whether one person or a group of hackers), could be a sub-unit of the US Treasury.
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
Tuesday, August 2, 2016
Monday, August 1, 2016
James Turk – Is History About To Repeat In The Silver Market? Plus One Of The Most Stunning Charts Of The Last Decade
Markets zig and they zag--they don't move in straight lines. If one recalls in the book and movie The Big Short, the protagonists made the right bet in shorting (e.g. betting against) the fraudulent subprime mortgage boom in 2006. However, they initially lost a ton of money when loans were defaulting, which should have generated profits for their short positions. Instead, because the secondary derivatives (or "shadow") markets were grossly manipulated and illiquid, the bearish short positions against the mortgage-backed securities (CDO's) were tanking initially.
Fortunately for the protagonists, the credit default swaps (a CDS is an insurance contract betting against the credit debt obligations) regained sanity in 2008 and soared in value when the deluge of mortgage defaults accelerated. The underlying real estate industry took a nose dive nationwide. The CDS holders profited in the billions, far outweighing their previous losses. In summary, the speculators (the big shorts) bet correctly, but they were early, before being proven right and profiting handsomely in the end.
One could debate that manipulated markets take time to cleanse themselves before true price discovery mechanisms bring supply and demand dynamics to rational levels. That's theoretical. But the pragmatic point is that speculators should have enough liquidity to outlast the transitory cycles when markets move against their positions. In the aftermath, they will profit from the inevitable outcomes. Profits come from being right in both direction and timing.
Likewise, for 4-plus years, precious metals have been taking a beating. However, against a backdrop of 6000, 100, 45, or 15 years, gold and silver have outperformed equities and bonds. More recently, the two noble metals have outperformed other assets in 2016.
Precious metals provide a counter-balance to traditional financial assets, and tend to outperform when there is distress in markets. With equities particularly, they move up on an escalator, but plummet down violently in an elevator. For example, the tech-heavy NASDAQ index lost 80% between its 2000 peak before bottoming out in 2003. The S&P 500 lost approximately half its value between the 2007 peak and the 2009 bottom, when Fed Chairman Bernanke stepped in with the bank bailouts in 2008 and QE in 2009.
Accumulators accumulating the metals on the way down have brought their average cost down as well. And now that the precious metals asset class has rebounded, the paper profits have risen.
But that's not the point of accumulating physical precious metals: to garner "profits". They are stores of value, not trade-able securities. They are true buy-and-hold portfolio hedges, protecting holders against inflation--and deflation, when all other assets have uncertainty attached to them.
Yes, I mention deflation because while cash is king understandably in deflationary times, precious metals are also counter-intuitively valuable due to their durability, divisibility, portability, acceptability, and uniformity. For these reasons, cash is a viable currency. The fact that until now, the USDollar is also the global reserve currency creates demand for it, rendering it even more valuable.
But the winds of geopolitical change are upon us, as the dollar's perch as the reserve currency becomes increasingly perilous. Precious metals outshine fiat currency as they are also solid stores of value, because they are limited in supply, and therefore cannot be debased by reckless currency creation from central bankers.
And be careful with unallocated gold and silver ETF's as they are merely paper promises to deliver precious metals. They are not sufficiently backed by physical inventory.
Having said that, patience is a virtue, and the time for gold and silver to shine is upon us and will only get brighter going forward. Continue accumulating physical precious metals. Better yet, buy the price dips when they occur.
http://kingworldnews.com/james-turk-will-history-repeat-in-the-silver-market/
Fortunately for the protagonists, the credit default swaps (a CDS is an insurance contract betting against the credit debt obligations) regained sanity in 2008 and soared in value when the deluge of mortgage defaults accelerated. The underlying real estate industry took a nose dive nationwide. The CDS holders profited in the billions, far outweighing their previous losses. In summary, the speculators (the big shorts) bet correctly, but they were early, before being proven right and profiting handsomely in the end.
One could debate that manipulated markets take time to cleanse themselves before true price discovery mechanisms bring supply and demand dynamics to rational levels. That's theoretical. But the pragmatic point is that speculators should have enough liquidity to outlast the transitory cycles when markets move against their positions. In the aftermath, they will profit from the inevitable outcomes. Profits come from being right in both direction and timing.
Likewise, for 4-plus years, precious metals have been taking a beating. However, against a backdrop of 6000, 100, 45, or 15 years, gold and silver have outperformed equities and bonds. More recently, the two noble metals have outperformed other assets in 2016.
Precious metals provide a counter-balance to traditional financial assets, and tend to outperform when there is distress in markets. With equities particularly, they move up on an escalator, but plummet down violently in an elevator. For example, the tech-heavy NASDAQ index lost 80% between its 2000 peak before bottoming out in 2003. The S&P 500 lost approximately half its value between the 2007 peak and the 2009 bottom, when Fed Chairman Bernanke stepped in with the bank bailouts in 2008 and QE in 2009.
Accumulators accumulating the metals on the way down have brought their average cost down as well. And now that the precious metals asset class has rebounded, the paper profits have risen.
But that's not the point of accumulating physical precious metals: to garner "profits". They are stores of value, not trade-able securities. They are true buy-and-hold portfolio hedges, protecting holders against inflation--and deflation, when all other assets have uncertainty attached to them.
Yes, I mention deflation because while cash is king understandably in deflationary times, precious metals are also counter-intuitively valuable due to their durability, divisibility, portability, acceptability, and uniformity. For these reasons, cash is a viable currency. The fact that until now, the USDollar is also the global reserve currency creates demand for it, rendering it even more valuable.
But the winds of geopolitical change are upon us, as the dollar's perch as the reserve currency becomes increasingly perilous. Precious metals outshine fiat currency as they are also solid stores of value, because they are limited in supply, and therefore cannot be debased by reckless currency creation from central bankers.
And be careful with unallocated gold and silver ETF's as they are merely paper promises to deliver precious metals. They are not sufficiently backed by physical inventory.
Having said that, patience is a virtue, and the time for gold and silver to shine is upon us and will only get brighter going forward. Continue accumulating physical precious metals. Better yet, buy the price dips when they occur.
http://kingworldnews.com/james-turk-will-history-repeat-in-the-silver-market/
Labels:
history,
James Turk,
Last Decade,
repeat,
silver market,
Stunning Charts
Conspiracy Theories, According to the Elite
This is rather chilling.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1084585
Harvard Law School
Harvard Law School
January 15, 2008
Harvard Public Law Working Paper No. 08-03
U of Chicago, Public Law Working Paper No. 199
U of Chicago Law & Economics, Olin Working Paper No. 387
Abstract:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1084585
Conspiracy Theories
Cass R. Sunstein
Harvard Law School
Adrian Vermeule
Harvard Law School
January 15, 2008
Harvard Public Law Working Paper No. 08-03
U of Chicago, Public Law Working Paper No. 199
U of Chicago Law & Economics, Olin Working Paper No. 387
Abstract:
Many millions of people hold conspiracy theories;
they believe that powerful people have worked together in order to
withhold the truth about some important practice or some terrible event.
A recent example is the belief, widespread in some parts of the world,
that the attacks of 9/11 were carried out not by Al Qaeda, but by Israel
or the United States. Those who subscribe to conspiracy theories may
create serious risks, including risks of violence, and the existence of
such theories raises significant challenges for policy and law. The
first challenge is to understand the mechanisms by which conspiracy
theories prosper; the second challenge is to understand how such
theories might be undermined. Such theories typically spread as a result
of identifiable cognitive blunders, operating in conjunction with
informational and reputational influences. A distinctive feature of
conspiracy theories is their self-sealing quality. Conspiracy theorists
are not likely to be persuaded by an attempt to dispel their theories;
they may even characterize that very attempt as further proof of the
conspiracy. Because those who hold conspiracy theories typically suffer
from a crippled epistemology, in accordance with which it is rational to
hold such theories, the best response consists in cognitive
infiltration of extremist groups. Various policy dilemmas, such as the
question whether it is better for government to rebut conspiracy
theories or to ignore them, are explored in this light.
Labels:
According,
Conspiracy Theories,
Elite
Sunday, July 31, 2016
Hedge-Fund Handouts: Hillary Clinton $48,500,000 - $19,000 Donald Trump
Sure, she's got the average Joe Six Pack's back.
http://www.zerohedge.com/news/2016-07-30/hedge-fund-handouts-hillary-clinton-48500000-19000-donald-trump
http://www.zerohedge.com/news/2016-07-30/hedge-fund-handouts-hillary-clinton-48500000-19000-donald-trump
Labels:
Donald Trump,
Handouts,
Hedge-Fund,
Hillary Clinton
Friday, July 29, 2016
The Central Issue in the U.S. Presidential Campaign
Many Americans are stupid, but most aren't idiots. They're just gullible and willfully blind.
http://thesaker.is/the-central-issue-in-the-u-s-presidential-campaign/
http://thesaker.is/the-central-issue-in-the-u-s-presidential-campaign/
Labels:
Central,
issue,
U.S. Presidential Campaign
The Power of “Nyet”
Yes, this blogger has a Russian bent, but his propaganda is closer to reality than the neocon Washington narrative.
http://cluborlov.blogspot.gr/2016/07/the-power-of-nyet.html
http://cluborlov.blogspot.gr/2016/07/the-power-of-nyet.html
Thursday, July 28, 2016
EXCLUSIVE: IRS Launches Investigation Of Clinton Foundation
Ummm, regarding those missing emails...
http://dailycaller.com/2016/07/26/exclusive-irs-launches-investigation-of-clinton-foundation/
http://dailycaller.com/2016/07/26/exclusive-irs-launches-investigation-of-clinton-foundation/
Labels:
Clinton Foundation,
investigation,
IRS,
launches
Wednesday, July 27, 2016
28 Pages Suggest Huma-Connected Group Funded Terrorism
This article is disturbing on many levels and implicates both sides of the aisle.
http://www.breitbart.com/big-government/2016/07/15/28-pages-say-huma-connected-group-funded-terrorism/
http://www.breitbart.com/big-government/2016/07/15/28-pages-say-huma-connected-group-funded-terrorism/
Tuesday, July 26, 2016
Stop Drinking the Kool-Aid, America: Political Fiction in an Age of Televised Lies
https://www.rutherford.org/publications_resources/john_whiteheads_commentary/political_fiction_in_an_age_of_televised_lies
People get the government they deserve.
No matter who wins the presidential election come November, it’s a sure bet that the losers will be the American people.
Labels:
Age,
America,
Drinking,
Kool-Aid,
Political Fiction,
Stop,
Televised Lies
Monday, July 25, 2016
Obama's "Deeply Disappointed" Half-Brother Will Vote Trump Because "He Speaks From The Heart"
http://www.zerohedge.com/news/2016-07-24/obamas-deeply-disappointed-half-brother-will-vote-trump-because-he-speaks-heart
He says he started the charity in 2008 because he wanted to make a difference in the family’s hardscrabble village in Kenya.
But the charity came under fire when The Post revealed in 2011 that it was an off-the-books operation that hadn’t registered with the state of Virginia or, as it claimed, had tax-exempt status from the IRS.
Shortly after The Post report, the IRS gave its stamp of approval, leading to speculation that the president had intervened.
Labels:
Deeply Disappointed,
Half-Brother,
Obama,
Trump,
vote
Sunday, July 24, 2016
Democrats Accuse Russia Of Hacking DNC Server To Help Donald Trump
The lies on top of lies covering up the fact that Hillary Clinton's emails being hacked isn't even being covered up anymore, as the corruption is so obvious now. So obvious that campaign officials aren't even trying to cover it up. They're redirecting it to Trump along false premises. It would be comical, but it's tragic that so many millions are still so willfully blind.
This is by no means an endorsement for Trump, as his character flaws are fairly evident as well. This country deserves Clinton because a cleansing reset will happen sooner than later under her watch. Let's just get it over with and clean house in Washington. And it's got nothing to do with an election. The 2016 election is just another mindless and futile exercise in sovereignty. The real test is whether there will be a 2020 election. Because the pitchforks will be out by then.
http://www.zerohedge.com/news/2016-07-24/democrats-accuse-russia-hacking-dnc-server-help-donald-trump
This is by no means an endorsement for Trump, as his character flaws are fairly evident as well. This country deserves Clinton because a cleansing reset will happen sooner than later under her watch. Let's just get it over with and clean house in Washington. And it's got nothing to do with an election. The 2016 election is just another mindless and futile exercise in sovereignty. The real test is whether there will be a 2020 election. Because the pitchforks will be out by then.
http://www.zerohedge.com/news/2016-07-24/democrats-accuse-russia-hacking-dnc-server-help-donald-trump
Labels:
accuse,
Democrats,
DNC Server,
Donald Trump,
hacking,
Help,
Russia
Saturday, July 23, 2016
US War In Afghanistan Is Fueling Global Heroin Epidemic & Enabling The Drug Trade
Thanks Bush. Thanks Obama. Thanks Clinton. And thanks to many other neocons.
http://www.mintpressnews.com/global-war-terror-created-heroin-epidemic-us-afghanistan/218662/
http://www.mintpressnews.com/global-war-terror-created-heroin-epidemic-us-afghanistan/218662/
Labels:
Afghanistan,
Drug Trade,
Enabling,
Epidemic,
Fueling,
global,
Heroin,
US War
"Policymakers Have Been Calling A 'Depression' A 'Recovery' For Nearly A Decade"
This is why protests, violence, and social unrest will accelerate. There has been no "recovery", despite the narrative of the powers-in-charge.
http://www.zerohedge.com/news/2016-07-23/policymakers-have-been-calling-depression-recovery-nearly-decade
http://www.zerohedge.com/news/2016-07-23/policymakers-have-been-calling-depression-recovery-nearly-decade
Labels:
Calling,
decade,
depression,
policymakers,
recovery
End Of An Era: The Rise And Fall Of The Petrodollar System
This is a long, but good read on oil, gold, petrodollar, geopolitics, and currency shifts. However, it doesn't address the inevitable effects and undesirable conclusion. The USDollar losing its status as the global reserve currency results in loss of purchasing power for American consumers and hyperinflation.
http://www.acting-man.com/?p=45850
http://www.acting-man.com/?p=45850
Labels:
end,
Era,
fall,
Petrodollar System,
rise
Thursday, July 21, 2016
Peter Thiel's RNC Speech: "Wall Street Bankers Inflate Bubbles In Everything From Bonds To Hillary's Speaking Fees"
One doesn't have to be a Libertarian, a Republican, gay, or male to understand Peter Thiel's message.
http://www.zerohedge.com/news/2016-07-21/peter-thiels-rnc-speech-wall-street-bankers-inflate-bubbles-everything-bonds-hillary
http://www.zerohedge.com/news/2016-07-21/peter-thiels-rnc-speech-wall-street-bankers-inflate-bubbles-everything-bonds-hillary
Labels:
bonds,
Everything,
Hillary,
Inflate Bubbles,
Peter Thiel,
RNC,
Speaking Fees,
Speech,
Wall Street Bankers
Wednesday, July 20, 2016
Prominent Gold Skeptic Willem Buiter Says "Gold Looks Pretty Good"
Buiter, like Greenspan, is a punk. After bashing gold 2 years ago, he now articulates its monetary value. Both he and Greenspan are flip flopping, although Buiter is insufferable. Even though he is now right, he's still wrong on some of the reasons for why he is bullish on gold. At least Greenspan is somewhat predictable, understanding the value of gold before and after holding his position as Fed Chairman. It was during his tenure as Fed Chair that Greenspan was predictably sour on gold.
With Buiter, he's acknowledging his ignorance for gold, and yet this clown is paid millions to be Citi's Chief Economist? Here's a thought: if this incredulous gold skeptic is now reversing his opinion, perhaps this foretells the next big leg up in gold and silver. Are the financial elite panicking and ready to throw in the towel?
http://www.zerohedge.com/news/2016-07-19/prominent-gold-skeptic-willem-buiter-says-gold-looks-pretty-good
With Buiter, he's acknowledging his ignorance for gold, and yet this clown is paid millions to be Citi's Chief Economist? Here's a thought: if this incredulous gold skeptic is now reversing his opinion, perhaps this foretells the next big leg up in gold and silver. Are the financial elite panicking and ready to throw in the towel?
http://www.zerohedge.com/news/2016-07-19/prominent-gold-skeptic-willem-buiter-says-gold-looks-pretty-good
Labels:
gold,
Gold Skeptic,
Looks,
Pretty Good,
Prominent,
Willem Buiter
Tuesday, July 19, 2016
Silver jumps 50 percent, but beware the devil's metal
This Reuters "article" is filled with inaccuracies and half-truths. The authors paint a discouraging picture on silver. My contrarian disposition says "buy."
http://www.reuters.com/article/us-silver-investment-idUSKCN0ZU07K
http://www.reuters.com/article/us-silver-investment-idUSKCN0ZU07K
Labels:
Beware,
devil's metal,
Jumps,
silver
Monday, July 18, 2016
Saturday, July 16, 2016
The "War On Inequality" Is Coming To The Stock Market: Three Ways How To Trade It
http://www.zerohedge.com/news/2016-07-15/war-inequality-coming-stock-market-three-ways-how-trade-it
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/07/03/3%20trades.jpg
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/07/03/3%20trades.jpg
Labels:
Inequality,
stock market,
trade,
war,
ways
Friday, July 15, 2016
Fed Cornered: Core CPI Jumps Near 4 Year Highs As Rent Rises At Fastest Rate In 9 Years
As predicted, the Fed is cornered. In a "Be careful what you wish for" scenario--the Fed has been desperately clamoring for higher inflation, as disinflation is mistakenly articulated as deflation, a softer term for depression, which is an existential threat to the financial authorities. According to pundits, inflation equals GDP growth, which means the bureaucrats get to keep their jobs.
However, to the average consumer, higher prices equates to lower purchasing power. Perhaps the computer industry best illustrates how lower prices--not higher prices, catalyze booming economies. On the other hand, higher costs lead to lower profits, layoffs, and store closures. See the big box retailers as counterexamples of booming economies.
Now that inflation is on the rise, the Fed now has to scramble because fighting inflation requires raising interest rates. But due to exploding debt (at the government, consumer, and corporate levels), raising interest rates would bankrupt not just America, but globally, thereby crashing financial markets and destroying wealth. This is the financial cul-de-sac which sound money advocates have been warning against. Reckless creation of fiat currency and credit markets does result in tears.
Expect more financial crises and social unrest, as billions struggle to make ends meet.
http://www.zerohedge.com/news/2016-07-15/fed-cornered-core-cpi-jumps-near-4-year-highs-rent-rises-fastest-rate-9-years
However, to the average consumer, higher prices equates to lower purchasing power. Perhaps the computer industry best illustrates how lower prices--not higher prices, catalyze booming economies. On the other hand, higher costs lead to lower profits, layoffs, and store closures. See the big box retailers as counterexamples of booming economies.
Now that inflation is on the rise, the Fed now has to scramble because fighting inflation requires raising interest rates. But due to exploding debt (at the government, consumer, and corporate levels), raising interest rates would bankrupt not just America, but globally, thereby crashing financial markets and destroying wealth. This is the financial cul-de-sac which sound money advocates have been warning against. Reckless creation of fiat currency and credit markets does result in tears.
Expect more financial crises and social unrest, as billions struggle to make ends meet.
http://www.zerohedge.com/news/2016-07-15/fed-cornered-core-cpi-jumps-near-4-year-highs-rent-rises-fastest-rate-9-years
Tokyo Commodity Exchange to launch Physical Gold Market
Even the Japanese, who have historically low holdings in precious metals, are going physical.
https://www.leaprate.com/2016/07/tokyo-commodity-exchange-to-launch-physical-gold-market/
https://www.leaprate.com/2016/07/tokyo-commodity-exchange-to-launch-physical-gold-market/
Labels:
Commodity Exchange,
launch,
physical gold market,
Tokyo
Detonation of the LBMA - It Wasn't Brexit, Governor Carney
The false narrative propagated by the powers-that-be is the Brexit will cause distress in financial markets. The truth is the unraveling of the fraudulent Ponzi schemes within the LBMA and Bank of England will cause markets to erupt.
http://www.safehaven.com/article/41906/detonation-of-the-lbma-it-wasnt-brexit-governor-carney
http://www.safehaven.com/article/41906/detonation-of-the-lbma-it-wasnt-brexit-governor-carney
Labels:
Brexit,
Detonation,
Governor Carney,
LBMA
Deutsche Bank Settles Silver, Gold Price-Manipulation Suits
No one goes to jail. And the biggest perps aren't even indicted.
http://www.bloomberg.com/news/articles/2016-04-13/deutsche-bank-settles-silver-price-fixing-claims-lawyers-say
http://www.bloomberg.com/news/articles/2016-04-13/deutsche-bank-settles-silver-price-fixing-claims-lawyers-say
Labels:
Deutsche Bank,
gold price,
manipulation,
Settles,
silver,
Suits
Thursday, July 14, 2016
Friday, July 8, 2016
Thursday, July 7, 2016
Wednesday, July 6, 2016
Tuesday, July 5, 2016
Subscribe to:
Posts (Atom)