Tuesday, June 11, 2013

"You Have Over-Stepped Your Boundaries, Sir"

http://www.zerohedge.com/news/2013-06-11/you-have-over-stepped-your-boundaries-sir

Germans accuse U.S. of Stasi tactics before Obama visit

http://www.reuters.com/article/2013/06/11/cnews-us-usa-security-germany-idCABRE95A0T820130611

Photo Gallery And Live Webcast From A Violent Turkey

All is well in Turkey, our US ally.  Not.

http://www.zerohedge.com/news/2013-06-01/photo-gallery-violent-turkey

The nonsense behind state intervention

http://www.goldmoney.com/gold-research/alasdair-macleod/the-nonsense-behind-state-intervention.html

JPM Vault Gold Drops By 28.4% Overnight, Slides To Fresh Record Low As Withdrawals Accelerate

Get 'em while you can.  This is no joke.  The vaults in New York are running low.

http://www.zerohedge.com/news/2013-06-11/jpm-vault-gold-drops-284-overnight-slides-fresh-record-low-withdrawals-accelerate
Whoever is "running the JPM vault" shows no sign of relenting. At this pace, the world's biggest gold vault located below 1 CMP, and just next to the Fed's own gold vault, will be empty in about 1.5-2 months.

27 Edward Snowden Quotes About U.S. Government Spying That Should Send A Chill Up Your Spine

http://theeconomiccollapseblog.com/archives/27-edward-snowden-quotes-about-u-s-government-spying-that-should-send-a-chill-up-your-spine

Monday, June 10, 2013

Gold duty hike leads to spurt in smuggling

Gee, smuggling gold into India has soared as their government attempts to dampen demand with higher import taxes.  What a surprise.

http://timesofindia.indiatimes.com/business/india-business/Gold-duty-hike-leads-to-spurt-in-smuggling/articleshow/20532519.cms

Waiting around for the Revolution 2.0 to begin?

http://www.sovereignman.com/trends/waiting-around-for-the-revolution-2-0-to-begin-12003/

François Hollande: the eurozone crisis is over

What ****ing planet is Hollande from?  The eurozone crisis is over?  lol  He's starting to sound like Baghdad Bob.

http://www.guardian.co.uk/world/2013/jun/09/francois-holland-eurozone-crisis-over

DHS insider: It’s about to get very ugly

http://canadafreepress.com/index.php/article/55749
“If anyone thinks that what’s going on right now with all of this surveillance of American citizens is to fight some sort of foreign enemy, they’re delusional. If people think that this ‘scandal’ can’t get any worse, it will, hour by hour, day by day. This has the ability to bring down our national leadership, the administration and other senior elected officials working in collusion with this administration, both Republican and Democrats. People within the NSA, the Department of Justice, and others, they know who they are, need to come forth with the documentation of ‘policy and practice’ in their possession, disclose what they know, fight what’s going on, and just do their job. I have never seen anything like this, ever. The present administration is going after leakers, media sources, anyone and everyone who is even suspected of ‘betrayal.’ That’s what they call it, ‘betrayal.’ Can you believe the size of their cahones? This administration considers anyone telling the truth about Benghazi, the IRS, hell, you name the issue, ‘betrayal,’” he said.

“We know all this already,” I stated. He looked at me, giving me a look like I’ve never seen, and actually pushed his finger into my chest. “You don’t know jack,” he said, “this is bigger than you can imagine, bigger than anyone can imagine. This administration is collecting names of sources, whistle blowers and their families, names of media sources and everybody they talk to and have talked to, and they already have a huge list. If you’re not working for MSNBC or CNN, you’re probably on that list. If you are a website owner with a brisk readership and a conservative bent, you’re on that list. It’s a political dissident list, not an enemy threat list,” he stated.

“It means that there will be censorship under the color of authority of anyone in the U.S. who is attempting to expose what’s going on in our name. It’s about controlling any damning information from reaching epidemic proportions. It’s damage control to the extreme. It’s about the upcoming censorship of the internet in the name of national security. The plans are already in place. These latest reports about ‘spying eyes’ have turned this administration and others connected to it into something very, very dangerous. They feel cornered and threatened, and I’m hearing about some plans they have to shut down the flow of information that is implicating them of wrongdoing. Time is short,” he stated.

“How are they going to do this? How is it even possible” I asked.

“First, they intend to use the Justice Department to silence journalists like in the Rosen case, but they won’t stop there. They will use a host of national security policies, laws, letters, whatever to take out the bigger threats,” he stated.

Next, they will use some sort of excuse, an external threat, and I believe it will be a combination of the economic collapse and a Mid-East war that will begin in Syria to throttle the information that is accessible on the Internet. And you know what? People will believe it!”

Based on what I’ve seen, most of which I should not have seen, the DHS is co-ordinating efforts with other federal agencies to begin to threaten American citizens with incarceration for non-compliance. You know the old talk of color coded lists? Well, this is what they will be using. People exposing the truth about Benghazi, killing the U.S. Dollar, even those questioning Obama?s legal status and eligibility to be President are the current targets. And they’ve had five long years to get to this point. The ugly truth is that these policies and practices did not start under Obama, but long before. This is about the killing of our Constitutional Republic. The murder of our country and the stripping of our rights. While many have been preoccupied with one issue, few have seen the bigger issue. This is the ‘end game,’ for all the marbles,” he stated.

A Message From Your Friendly ECHELON/Total Awareness/Boundless Informant Surveillance System

It's satire, but chilling...

http://www.oftwominds.com/blogjun13/echelon6-13.html

NSA Whistleblowers William (Bill) Binney and J. Kirk Wiebe

http://www.whistleblower.org/program-areas/homeland-security-a-human-rights/surveillance/nsa-whistleblowers-bill-binney-a-j-kirk-wiebe

Majority Of Americans Don't Mind Being Spied Upon, Pew Study Finds

http://www.zerohedge.com/news/2013-06-10/majority-americans-dont-mind-being-spied-upon-pew-study-finds

Democrats now view the NSA’s phone surveillance as acceptable by 64% to 34%. In January 2006, by a similar margin (61% to 36%), Democrats said it was unacceptable for the NSA to scrutinize phone calls and emails of suspected terrorists.


Edward Snowden: saving us from the United Stasi of America

http://www.guardian.co.uk/commentisfree/2013/jun/10/edward-snowden-united-stasi-america

Smoke And Mirrors Running Out — Depression to Follow

http://www.economicnoise.com/2013/06/10/smoke-and-mirrors-running-out-depression-to-follow/

Sunday Funnies

http://www.theburningplatform.com/?p=55700

German bank employee naps on keyboard, transfers millions

http://www.france24.com/en/20130610-german-bank-employee-naps-keyboard-transfers-millions?utm_source=dlvr.it&utm_medium=twitter

Charles Gave Warns: "Should The Fed Lose Control, The Downside Move In Markets May Be Terrifying"

http://www.zerohedge.com/news/2013-06-10/charles-gave-warns-should-fed-lose-control-downside-move-markets-may-be-terrifying

China Approves Gold-Backed ETPs as Domestic Buyers Chase Bullion

This will go one of two ways:

1) these new Chinese ETP's will just be vehicles for more price manipulation of paper gold,

2) this is further evidence that the Chinese want to accumulate physical gold at lower prices, and eventually backing the yuan with gold.

I guess there's a third scenario:  all of the above.

http://www.bloomberg.com/news/2013-06-10/china-approves-gold-backed-etps-as-domestic-buyers-chase-bullion.html

10 Items Whose Prices Have Jumped the Most in the Past 10 Years

This is further evidence that the CPI data published by the BLS is "understated".  Or in less polite terms, inflation data released by the government are a bunch of lies.

"There are three kinds of lies: lies, damned lies, and statistics." - Mark Twain

http://finance.yahoo.com/blogs/the-exchange/10-items-whose-prices-jumped-most-last-10-200433174.html

Sound Like Cyprus? The SEC Proposed This Strict New Rule on Money Market Account Withdrawals

Is your money market account safe?  They are literally proposing laws to "break the buck."  You've been warned.

http://www.theblaze.com/stories/2013/06/10/sound-like-cyprus-the-sec-proposed-this-strict-new-rule-on-money-market-account-withdrawals/


http://finance.yahoo.com/news/sec-unveils-middle-road-reforms-140801516.html
The SEC's plan calls for two alternative proposals that it said could be adopted alone or in combination.

The first piece would require prime funds used by institutional investors to transition from a stable, $1 per share, to a floating net asset value (NAV).

That reform is a direct response to what happened in 2008 when the Reserve Primary Fund, one of the largest money funds, suffered losses on Lehman Brothers debt and could not maintain its $1 per share price, known as "breaking the buck."

That ignited a run by investors across the money fund industry, cutting off a major source of overnight funding for many corporations.

The SEC said that retail and government funds, which are not considered to be at the same risk for runs, would not have to move to a floating NAV. Retail funds are defined as those that limit shareholder redemptions to $1 million per day.

The second proposal would give fund boards for institutional and retail funds the authority to impose so-called "liquidity fees and redemption gates" during times of stress.

Enemy of the State 1998 - All about the NSA - Said Beautifully


http://youtu.be/nHiFmAc7Yg8

US Bank Gold Positions Explode By Highest Rate On Record; Short Positions Collapse

To clarify investor class labels, "speculators" as defined in the Bank Participation Report, are considered the "dumb money", while the "market makers" are the bullion banks--the so-called "smart money" who are the most-funded and best-informed players in the CME futures pits.

And while large hedge funds and institutions are normally considered "smart money", that's only relative to the retail investor class who are considered the biggest suckers.  In this context, the speculators are "dumb money" while the retail investors are "dumber money."  Don't be insulted, the game has been rigged and set up to be this way.  Don't shoot the messenger.

http://bullmarketthinking.com/us-bank-long-positions-in-gold-explode-at-highest-rate-on-record-short-positions-collapse/

Financial Chaos, Currency Destruction & Cracks In The System

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/10_Financial_Chaos%2C_Currency_Destruction_%26_Cracks_In_The_System.html
It is extremely difficult to predict when the next move higher will begin in these markets. You and I have discussed this point many times, but it always bears repeating, particularly after the thrashing gold and silver took the last few months.  I just keep accumulating physical metal on a monthly cost-averaging program, and I recommend others do the same thing.  It is the best way to participate in this long-term bull market. 

The bottom line here is Investors will need the protection of physical gold and silver in order to survive the coming financial chaos and currency destruction.  As major cracks in the system appear, these are major red flags for investors to get out of the system and into the safety of precious metals.

Barack Obama on whistleblowing in 2008

Often the best source of information about waste, fraud, and abuse in government is an existing government employee committed to public integrity and willing to speak out. Such acts of courage and patriotism, which can sometimes save lives and often save taxpayer dollars, should be encouraged rather than stifled as they have been during the Bush administration. We need to empower federal employees as watchdogs of wrongdoing and partners in performance. Barack Obama will strengthen whistleblower laws to protect federal workers who expose waste, fraud, and abuse of authority in government. Obama will ensure that federal agencies expedite the process for reviewing whistleblower claims and whistleblowers have full access to courts and due process. - Barack Obama, 2008.