“The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ….”
So
it goes that most history books are wrong, or at best, highly
inaccurate. Disfigured by the lies of the times, they typically present
factoids without context — and usually without any hint of the power
struggles and conspiracies of realpolitik. Written by academicians and other hacks employed by the Power Elite, mainstream history books usually present a biased world view, so the Ruling Class can govern without interference.
A teenage girl–an honor student who had just performed at President
Obama’s inaugural–was gunned down Tuesday afternoon in the Kenwood
neighborhood, just blocks from the high school she attended.
CBS 2’s Mike Parker reports the victim, 15-year-old Hadiya Pendleton,
was taking shelter from the rain with a group of 10 to 12 teenagers
under a canopy in Vivian Gordon Harsh Park on the 4500 block of South
Oakenwald Avenue around 2:30 p.m., when someone jumped a fence, ran up
to them, and opened fire.
By listverse
Rapidly catching up to our unsolved mysteries lists is our series on
conspiracy theories. Thanks to the hard work of FlameHorse we now have
fifty complete conspiracy theories listed on the site. This is likely
to be the last in the series for quite some time.
North Korea's state-run media reported Sunday that North Korean leader
Kim Jong Un has ordered the country's top security officials to take
"substantial and high-profile important state measures," which has been
widely interpreted to mean that North Korea is planning its third
nuclear test. Kim said the orders were retaliation for the U.S.-led push
to tighten U.N. sanctions on Pyongyang following North Korea's missile
test in October. A few days before Kim's statement emerged, the North
Koreans said future tests would target the United States, which North
Korea regards as its key adversary along with Washington's tool, South
Korea.
WHOLESALE Gold Bullion
prices climbed back above $1660 an ounce Tuesday morning, broadly in
line with where they ended last week, as stocks and commodities fell
slightly and the Dollar ticked higher against the Euro ahead of
tomorrow's interest rate decision from the US Federal Reserve.
"We are seeing a technical rebound following a few days of price
decline," one trader in Shanghai told newswire Reuters this morning.
This is an article I wrote for Market Oracle back in January
2010. Some of what I wrote has yet to occur, but we're already starting
to see jobs returning back to the United States and Mexico from China
due to the stronger renminbi making manufacturing within North America a
solid choice. We still haven't seen the factory powerhouses in Greece
and Portugal yet ;) But Eastern Europe is already reviving with more
factories and production, and Africa is really starting to move too. All
of this factory production moving out of China means that everyone gets
a piece more or less, and that is what's happening now to many
countries, and will continue to occur into 2015. Furthermore, what I
didn't cover in this article, 3D printing is going to shift even more
manufacturing out of China as it democratizes the manufacturing process
and every country will again have local manufacturing capability. The
great equalizer is unrolling before our very eyes, and it is coming in
the form of the renminbi strengthening coupled with 3D printing. 3D
printing will actually play a major role in the strengthening of the
renminbi in the years to come. So I'll let you get to the article, I
hope you enjoy and you have gotten some refreshing insight from it!
Thoughts? Ideas? Comment!
Keith Hilden writes: We find ourselves as a world currently at a
pivotal point where the current maligned global financial system is
falling way to multiple alternatives as new global financial system
models emerge as solid competitors. Hackers will undoubtedly prove
themselves as a disruptor to the alternative new financial system
frameworks that emerge, and will sculpt the initial framework into its
matured institutional state. Due to the leverage that hackers will
possess, emerging alternative global financial system frameworks will
be heavily influenced by hackers. Simply said, regardless of which
global financial alternative is chosen, hackers will own the day. And
investment into cybersecurity firms products and services will
absolutely skyrocket.
The current stresses on the global financial system are tearing global frameworks at their seams and sparking the emerging of alternative global financial system frameworks to replace them. These stresses are in turn being responded to by multiple converging forces delineating the structure of a new global financial system. These are the forces around the world that will compete against one another to gain influence and acceptance in the rush for the next global financial system consensus.
Every single day the oil market is manipulated, it is easy to see, right
out in the open, and nobody does anything about it. It literally is
like having a license to rob banks right in front of everybody,
including the armed security guards.
Large Fake Order Strategy
Here is a technique that is used by large players to manipulate price
in either direction, and it needs to be banned, it is outright
cheating. So a trading Dom is an order entry price ladder which shows a
collection of bids on one side, a typical default setting would be 10
levels deep. On the other side of the price ladder is 10 levels of asks,
going from nearest to farthest away from the current, or last traded
price in oil.
If there is one country in the world that you would not want to live
in, it would be North Korea. Unfortunately, the United States of
America is becoming more like North Korea with each passing day. North
Korea is a totalitarian police state hellhole where the state rules
supreme, the “leader” is lavishly worshipped, no dissent is tolerated,
and the government micromanages everything. America is supposed to be
the opposite of that, but now Barack Obama is implementing his version
of “change” and he has promised to engage in the “remaking” of this nation and to transform it “brick by brick“.
A tremendous “cult of personality” has been built up around Obama, and
under his leadership the U.S. government has become larger and more
repressive than ever before. But do we really want to “change” America
so that it more closely resembles totalitarian regimes such as North
Korea, communist China, the Soviet Union and Nazi Germany? After all,
all of those regimes have a nightmarish history of brutality and death.
Even today, there are starving North Koreans that are eating their own children. Is that really where we want to end up as a nation?
By William K. Black
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, says he believes banks serve a social purpose and are “doing God’s work.”
November 9, 2009, 5:27 am
In a recent essay
I suggested that MMT might be applied incrementally to put people to
work creating certain very special public goods. I suggested that the
social norms which prevent people from “seeing” the logic of issuing
fiat money to pay for sovereign spending might be placated by this
incremental approach—especially if the public goods in question were
something overwhelmingly and incontrovertibly beneficial to our country
as a whole. This suggestion was strongly criticized
by Joe Firestone. So far as I can tell, the essence of his objection is
that a proposal to mint a smaller sovereign coin—to be used to achieve
some specific goal—would more likely be repudiated by the status quo
than a proposal to mint a very large one with the express purpose of
overturning the status quo itself.
A preliminary note:
Greetings from Davos! I’m actually writing this over the
mid-Atlantic as I return from being a keynote speaker at the annual
“Public Eye” “shame prize” awarded to Goldman Sachs for its abuses. The
shame prize award was made in Davos during the World Economic Forum as a
counter-WEF event. Shell also “won” a shame prize, but I spoke on
Goldman Sachs, the role of epidemics of accounting control fraud, and
the WEF’s anti-regulatory and pro-executive compensation policies. I
explained that the anti-regulatory policies were intended to fuel the
destructive regulatory “race to the bottom” and why the executive and
professional compensation policies maximized the incentives to defraud.
I also explained that WEF was a fraud denier. Collectively, these
three WEF policies contributed to creating the intensely criminogenic
environments that produce the epidemics of accounting control fraud
driving our worst financial crises. Detailed written developments of
these arguments can be found here on our UMKC economics blog: New Economic Perspectives.
The Chinese banking system is insolvent. Of course, the entire global
banking system is insolvent, but today's spotlight is on China. Please
consider China averts local government defaults.
Chinese banks have rolled over at least three-quarters of all loans to
local governments that were due to mature by the end of 2012, an
indication of the immense challenge facing China in working down its
debt load.
Local governments borrowed heavily from banks to fuel China’s stimulus
programme during the global financial crisis and are now struggling to
generate the revenue to pay them back, a shortfall that could cast a
shadow over Chinese economic growth.
Banks extended at least Rmb 3tn ($482bn) – and perhaps more – of the
roughly Rmb 4tn in loans plus interest that local governments were to
have paid them by the end of last year, according to Financial Times
calculations based on official data.
Extend-and-Pretend Chinese Style
Since details on refinancing and interest rates are lacking, the reported $482 billion is undoubtedly on the low side.
The key point is that massive rollovers were needed to stave off defaults.
“That’s a correct observation and explanation,” said Stanley Li, a banking analyst with Mirae Asset Securities. “Based on the
payback period for the infrastructure projects [started by local
governments], it will take more than 10 years to pay these loans back.”
Ten years? How about never? Many of these projects were never economically viable, especially the housing and land schemes.
Lindsey Williams and Tom Fyler appeared together on The Vinny Eastwood Show on 1-24-13. I took notes like Lindsey always tells us to do, and this is a summary of the 2hr interview.
Pastor Lindsey Williams and Tom Fyler Together for the first time on radio these 2 men have an immense knowledge base, Pastor Lindsey Williams famed for exposing "The Energy Non-Crisis" that oil is abiotic and more recently has come out revealing the secrets of the elites that he befriended while working as a chaplain on an Alaskan oil pipeline. Tom Fyler is a successful businessman and Wall street commentator with an in depth first hand knowledgeable background on markets, commodities and trading. A lively discussion revealing and expanding on the 10 agendas of the elite that everyone must sit up and take notice on today, it affects the economy, politics, commodities and freedom in and of itself. We stand upon a great turning point in history, where the secret rulers of the world, and their covert plans to ensnare it, are no longer secret.
By http://lindseywilliams101.blogspot.com
In the latest episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the American legal system that authorizes plunder, a moral code that glorifies it and a financial system that profits from it. In the second half of the show, Max Keiser talks to Professor Steven A. Ramirez, a former Enforcement Attorney at the US Securities and Exchange Commission, about the broken social contract, when that contract got broken and how to mend it.
Chris Martenson has released an excellent interview with GoldMoney’s James Turk regarding the gold and silver markets after 2 years of consolidation.
Turk states he expects 2013 and 2014 to be big years for both metals, and that we are approaching the point where the cartel loses its ability to control the gold and silver markets to the upside as confidence in the fiat system is lost.
Turk states that he expects gold to achieve $8,000/$10,000/oz during the 3rd phase of it’s bull market when the public becomes involved and a mania develops, yet states that gold’s gains will be modest on a percentage basis compared to what’s in store for silver.
Chris Martenson’s full MUST WATCH interview with James Turk is below:
Patriot, Author and 2008 Presidential candidate Pastor Chuck Baldwin joined our friend Sean from SGTreport.com to talk about the last line in the sand for Americans who love their country: Semi-automatic firearms. Without them, Baldwin states we are essentially defenseless against any future government that may turn tyrannical. Pastor Baldwin says “If we don’t take a stand on this issue, we won’t stand for any issue. THIS IS THE DEFINING ISSUE FOR LIBERTY IN AMERICA”.
Chris Powell of GATA sat down with Bridgitte Anderson during the Cambridge House Vancouver Resource Investment Conference to chat about the Gold Anti-Trust Action Committee’s efforts to flush out the truth behind the gold price.
In his explosive interview, Powell states that The level of intervention by Western central banks in the markets are far more extensive than people think. There really are no markets anymore, just central bank interventions.
When central banks are rigging the currency markets, the bond markets, the gold market particularly because the gold market is the determinant of all the other markets, we’re not trading on fundamentals, we’re trading on the anticipation of central bank action!…
We aren’t looking at markets at all, we’re looking at holograms of markets when we look at the charts that we’re trading on!
Gold & Silver COT Report 1/25/13: Commercials took 1,547 contracts off their longs on the week and increased a huge 3,819 shorts to end the week with 48.14% of all open interest, an increase of 0.18% in their share since last week, and now stand as a group at 236,990,000 ounces net short, which is an increase of 26,830,000 net short ounces from the previous week.
Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams. He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.” Williams says it’s because, “The consumer is in very serious trouble. . . . The average guy is not making it. His income is not keeping up with inflation.” As far as Congress getting the budget and debt ceiling under control, Williams says, “Both sides are faced with devil’s choices.” If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams predicts, “It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit as it is now.” Williams says he expects, “. . . a negative reaction in the next 3 or 4 months to the dollar.” Williams adamantly calls for hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter as he goes One-on-One with John Williams.
Russia, Kazakhstan and Turkey expanded their gold holdings in December, seeking to diversify their foreign reserves and protect from currency devaluation risk. Russian gold holdings climbed 2.1% to 957.8 metric tons or 30.793 million ounces, according to data on the International Monetary Fund’s website. The increase in December takes the increase in Russian gold reserves in 2012 to 8.5%. The Russian central bank has said that they will continue buying gold. The pace of the purchases may vary, First Deputy Chairman Alexei Ulyukayev told reporters this month. He denied that there is a 10% target for gold’s share in the reserves according to Bloomberg.
Legendary gold trader Jim Sinclair sent another email alert to subscribers over the weekend, continuing his in-depth series on the monetary crisis in progress, and the fundamental reasons the dollar will hyperinflate and result in $3,500 + gold.
Sinclair stated that the dollar is re-entering a decade long major bear market, and that this is the foundation set in steel that will launch the next major bull phase in the gold price very soon.
A grim Federal Security Services (FSB)
report circulating in the Kremlin confirming the validity of the just released
hacked emails of the British based defence company, Britam Defence, stunningly
warns that the Obama regime is preparing to unleash a series of attacks against
both Syria and Iran in a move Russian intelligence experts warn could very well
cause World War III.
According to this report, Britam
Defence, one of the largest private mercenary forces in the world, was the
target of a “massive
hack” of its computer files by an “unknown
state sponsored entity” this past week who released a number of critical
emails between its top two executives, founder Philip Doughty and his Business
Development Director David Goulding.
(Reuters) - A fire in a nightclub killed at least 245 people in southern
Brazil on Sunday when a band's pyrotechnics show set the building
ablaze and fleeing patrons were unable to find the emergency exits in
the ensuing panic, officials said.
The blaze in the southern city
of Santa Maria was started when a band member or someone from its
production team ignited a flare, which then set fire to the ceiling,
said Luiza Sousa, a civil police official. The fire spread "in seconds,"
she said.
An
estimated 500 people were in the Boate Kiss nightclub when the fire
broke out early on Sunday, and many were unable to find the exits as
dark smoke quickly filled the room. At least one exit was locked,
trapping hundreds inside to die, many from asphyxiation as they inhaled
smoke, police said.
"When I looked
around, all I saw were dead bodies all around, lying on the floor. It
was macabre," survivor Taynne Vendrusculo told GloboNews TV. "It all
happened so fast. Both the panic and the fire spread rapidly, in
seconds."
Television footage showed
people sobbing outside the club, while shirtless firefighters used
sledge hammers and axes to knock down an exterior wall to open up an
exit.
By noon (1400 GMT), the death
toll had risen to 245 and 48 people were being treated in local
hospitals, said Major Cleberson Bastianello, head of the military police
unit leading the rescue efforts. He said all of the bodies of the
victims had been removed from the nightclub.
President
Dilma Rousseff, who started her political career in the same state
where the fire happened, cut short a visit to Chile to return to Brazil
to visit the scene. Before departing, Rousseff gave a televised
statement in which she broke out in tears as she pledged government help
for the victims and their families.
"We
are trying to mobilize all possible resources to help in the rescue
efforts," she said. "All I can say at the moment is that my feelings are
of deep sorrow." Read More
Site hacked: www.ussc.gov...
That WAS the United States Sentencing Commission, and I did see that
they had changed the index.html file to index2.html, at which it
appeared the
regular website came up...
Video embedded here and posted at hacked site as well:
Iranian Oil Tanker Security Guards clash with Somali pirates ( amateur footage ) a group of 15 Somali pirates tried to attack and hijack a Iranian Oil tanker, they had no idea 6 heavily armed Iranian Security Guards were on Board ( a fully loaded supermax oil tanker can be worth up to 2 billion dollars ) result =6 Somali pirates death, 9 arrested, no iranian security guard harmed.
It’s hardly a secret. After all, in a letter to a senior officer, no less than a young Bill Clinton openly admitted that many of his cohort to “loath[ed] the military.” Still, it’s stunning to hear a modern-day liberal make a similar admission.
On her MSNBC show today, Melissa Harris-Perry stated that the U.S. military is “despised as an engine of war by many progressives.” View the video after the jump.
MHP made her admission as a preface to observing that our military has also been “a leading institution in America’s fight for racial equality.” No doubt. But let’s return to her notion that progressives despise the military as “an engine of war.” Well, yeah. And when you need a war to be fought, you want your military to be the biggest, baddest engine around. How can progressives fail to understand that? In any case, thanks to MHP for revealing an inconvenient truth. Read more
Last week, the two tech titans had what you might call a photo
finish: Decent quarterly results, with double-digit growth in some
product categories, but revenue that was a tad lighter than Wall Street
had expected and profits only pennies better than predicted.
But the disappointment with Apple
(ticker: AAPL) was substantially greater on Wednesday night, after it
reported. Its shares fell as much as 11% in late trading, and ended the
week down 12%, at $439.88. Microsoft (MSFT), in contrast, rose by 1%
following its Thursday report and ended the week at $27.88, up 2.3%.
That is because Microsoft is no stranger to disappointment, whereas
Apple is. Microsoft has for quite some time now been pestered to do
something with its cash pile, as its shares have generally languished.
The 10-year appreciation in share price for Microsoft is 12%, vastly
trailing the S&P 500's 63% move up over the same span.
Microsoft's cash totaled $68 billion at the end of the fiscal second
quarter. We've written in this space about how investors and analysts
have suggested that the software maker borrow against that cash to
increase its dividend dramatically or do much larger buybacks. Read More
Scientists from the Queensland Institute of Medical
Research say they have made a breakthrough that could lead to a
potential cure for AIDS.
Associate Professor David Harrich says
they have discovered how to modify a protein in HIV so that, instead of
replicating, it protects against the infection.
"I consider that this is fighting fire with fire," he said.
Obama Violated Constitution – Abuse of Power, So Says Federal Appeals Court: 3 NLRB Appointments Unconstitutional
Obama’s three “recess appointments” to the National Labor Relations
Board (NLRB) have been ruled unconstitutional by a federal appeals court
because Congress WAS NOT in official recess. The NRLB is required to
have five members to effect a quorum, but had only two before the
unconstitutional appointments were made. After the appointments, but
with today’s decision, there officially remains only two members, so all
decisions coming out the NRLB since that time, said to be hundreds (view them here),
should be ruled unlawful, if justice is applied to the court decision.
Another similar appointment of Richard Cordray to the head position of
the Consumer Financial Protection Bureau (CFPB) should now be rendered
unconstitutional as well.
US Federal Reserve is reporting a major
deposit withdrawal from the nation’s bank accounts. The financial system hasn’t
seen such a massive fund outflow since 9/11 attacks.
The first week of January 2013 has seen
$114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down
to $5.37 trillion, according to the US Fed. Financial analysts suggest it could
be down to the Transaction Account Guarantee insurance program coming to an end
on December 31 last year and clients moving their money that is no longer
insured by the government.
The program was introduced in the wake of
the 2008 crisis in order to support the banking system. It provided insurance
for around $1.5 trillion in non-interest-bearing accounts with a limit of
$250,000. It was aimed at medium and small banks as the creators of the program
believed bigger banks would cope with the crisis themselves.
So the current “fast pace” of withdrawal
comes as a surprise to financial analysts because the deposits are slipping
away from those banks which supposedly were safe. Experts expected savers in
small and medium banks would turn to bigger players come December 31.
There are a number of reasons behind this
unpredicted fund outflow. Some experts believe it has to do with the beginning
of the year when the money is randomly needed here and there. Others have
concluded the funds are getting down to business and being invested.
Another set of data from the US Federal
Reserve shows some deposits may have moved within the banking system from one
type of account to another.
A sobering “Critical Alert” issued
by the Ministry of Foreign Affairs
this afternoon is warning all Russian diplomatic personal and civilian workers
currently residing in the United States that an “imminent terror attack” should be expected to occur during the
next fortnight, up to and including 12 February.
The three-level alarm system of terrorism threats issued in this report was signed into law by
President Putin this past June and includes: Blue Level for elevated alert, Yellow
Level for high alert, and Red Level
for critical alert.
MFA strategic analysts contributing to this report state that these “massive financial moves” by Western
elites signal their knowing of an impending crisis about to hit the United States similar to past “false flag attacks” intended to shift US
policy, and laws, towards even greater totalitarian measures.
One specific example citied in this report was the 28 February 1993 “false flag” event, now
called the Waco Siege,
which killed 4 US government agents and 82 men, women and children, and which
led to the 13 September 1994 passage of the Federal Assault Weapons Ban that
outlawed the American people from owning the types of armaments used in this
state-sponsored massacre. [Note: This law
expired in 2004]
Almost every
child, on the first day he sets foot in a school building,
is smarter,
more curious, less afraid of what he doesn't know, better
at finding
and figuring things out, and more confident, resourceful,
persistent
and independent than he will ever be again in his
schooling – or,
unless he is very unusual and very lucky, for the rest of
his life.
Already, by paying close attention to and interacting with
the world
and people around him, and without any school-type formal
instruction,
he has done a task far more difficult, complicated and
abstract
than anything he will be asked to do in school, or than
any of his
teachers has done for years. He has solved the mystery of
language.
He has discovered it – babies don't even know that
language exists – and he has found out how it works and learned to use
it. He has
done it by exploring, by experimenting, by developing his
own model
of the grammar of language, by trying it out and seeing
whether
it works, by gradually changing it and refining it until
it does
work. And while he has been doing this, he has been
learning other
things as well, including many of the "concepts" that
the schools think only they can teach him, and many that
are more
complicated than the ones they do try to teach him.
The Market Price of virtually any Asset is arguably primarily a result of Competing Forces. But
2013 is Unique in that there are Especially Strong Forces impelling
many markets up, and there are especially Strong Forces impelling
markets Down, Catastrophically Down.
So we evaluate the prospective results of this “ Force Competition” and Forecast accordingly as follows:
Regarding the Inflation / Deflation Issue, it
is widely recognized that The Fed, ECB, and now the Bank of Japan are
flooding their economies with cheap paper in the form of Fiat Currencies
and Treasury Securities.
Legendary gold trader Jim Sinclair has sent email subscribers
another alert this weekend regarding Friday’s cartel take-down of the
gold market.
Sinclair states that Gold is the ultimate battle between good and evil. It is the ultimate battle between deficits and surpluses. Gold is the battle between paper currency backed by nothing and guaranteed by nothing versus sound money. This period of the market is the deciding battle of the Mahabharata. This period, today, is an attempt to drive you out of your wits, which is in my opinion the last and largest attack you will see perpetrated on us before gold closes over $3500. This period of pain will not be measured in months, but counted in history as days. The gold banks are not stupid but they are a form of Wile E. Coyote.
Smokers who thought they were getting a sweet deal from ObamaCare may
want to think twice before lighting up again. According to the Associated Press,
one of the many well-concealed provisions of the bill that then-House
Speaker Nancy Pelosi (D-Calif.) said Congress had to pass “so that you
can find out what’s in it” could make health insurance cost up to 50
percent more for Americans with cigarette habits — especially
longstanding ones.
The reaction to California Democrat Senator Dianne Feinstein’s introduction of her bill “The Assault Weapons Ban of 2013” on Thursday was almost immediate. The director of public relations for the National Rifle Association (NRA), Andrew Arulanandam, stated:
Mitt Romney had barely finished his concession speech last November
when pundits began discussing potential Republican candidates for the
2016 presidential contest. Since Barack Obama emerged victorious, they
waited a little longer to start considering the Democratic field; but
now that his second and final term has begun, the speculation is going
full steam ahead.
According to a lengthy Politico story, the Democrat currently showing the greatest interest in succeeding Obama is none other than Vice President Joe Biden.
Eric Sprott appears on RT's Capital
Account. He discusses the supply and demand issues that the gold market
faces and also the manipulation that is occurring in it's price
suppression.
Today legendary value investor Jean-Marie
Eveillard, who oversees $73 billion, told King World News, “I say to
myself when I’m in a good mood, ‘Wall Street is nothing but a vast
promotion machine.’ When I’m not in a good mood I tend to think, Wall
Street may be, after all, a den of thieves.” Eveillard also tore into
Goldman Sachs for their bearish call on gold, and went on to
emphatically state, “I’m not selling any of the gold I own.”
Today Egon von Greyerz sent King World News exclusively 3 incredibly
important charts for battered gold and silver bulls. This is an
extraordinary interview and sequence of charts that all KWN readers
globally must see. Here is what Greyerz, who is founder of Matterhorn
Asset Management in Switzerland, had this to say in this exclusive
interview: “Eric, last week we talked about all
of the storms on the horizon. Now we see that currency war discussions
have broken out again. Abe, the Japanese Prime Minister, is doing
everything he can to suppress the value of the yen, and therefore he’s
going to have Japan print unlimited amounts of money.”
Lindsey Williams : Learn To Survive and Become Your Own Doctor
Lindsey Williams Pathfinder Radio Jan 17 2013 : the elite
especially the older ones are very very concerned about what Obama is
doing right now , he is out of control even for the elite , the elite do
not want a revolution quite to the contrary the want to bring in the
NWO under their control , they do not want to destroy America before
they have it under control , they want control of everything your house
your land but they do not want a revolution in America nor do they want a
collapse , they are not ready for it says Lindsey Williams , if the
elite have their way there won't be a financial collapse for the next 2
to 3 years , they want first to sink everybody and everything in debt
and tax into oblivion the middle class in America ....the elite will
keep on pushing their agenda until the Americans will beg to give up
their constitution ....Learn to
By Lindseywilliams101
DAVOS, SWITZERLAND
WORLD ECONOMIC FORUM
January 28, 2009
KLAUS SCHWAB, FOUNDER OF WORLD ECONOMIC
FORUM ANNOUNCES SURPRISE PANEL
GLOBAL PONZINOMICS: THE VIEW FROM WALL
STREET
The following are excerpts from today's
surprise panel discussion:
KLAUS SCHWAB: Distinguished guests,
today we have arranged a surprise panel
to lead us through the cutting edge of
Global Ponzinomics. As you all know, the
modern day version of Ponzinomics has
its origins on Wall Street. I know you
are all keen to hear directly from the
leaders of Wall Street as well as the
regulators all of whom made this
remarkable feat of financial wizardry
possible. The organisers of the Forum
have spared no expense in bringing you a
first rate panel. I would like to thank
the United States Marshall Service for
its cooperation in making it possible
for Mr. Madoff to attend the Forum. That
is a custom designed Cartier bailout
bracelet Bernie is wearing. It is
designed to explode if he gets within 50
yards of any UBS Branch in Davos. Mr.
Madoff requires no introduction. His
genius and modesty is well known. We
thought it would be appropriate for
Bernie to lead today's panel discussion.
At this time I would also like to thank
Citigroup for providing special air
transport services to bring the panel
participants straight to Davos on such
short notice. Without further delay, I
turn the discussion over to Bernie.
BERNIE MADOFF: "I would like to
express my sincere gratitude to many of
the participants in this forum. Without
their undying support for so many years,
my achievements would not have been
possible. They deserve much of the
credit for making the modern paradigm of
this fascinating art possible. As you
all know, Ponzinomics were invented by
Charles Ponzi some 100 years ago. Who
would have thought that the genius of
this humble man would become the driving
force behind today's global financial
markets. Dick, before I forget, would
you please be good enough give me the
number of that Real Estate lawyer in
Palm Beach."
DICK FULD: "We thought we had all
the bases covered. We were hedged up the
wazoo. I was certain that we managed to
make ourselves too big to fail. In the
end I was wrong. I underestimated the
financial tsunami of 2008. My big
mistake was not finding a way to put a
Lehman banker in the Treasury
Department. Lloyd you snookered me on
that one."
JOHN THAIN: "I would like to start
by saying three things: First, I have
posted my French Commode along with my
resume on Craig's list and Monster.com,
Second, Ken you can take that faux hand
Grenade sitting on your desk and shove
it you know where. As we shall see, BAC
is one big live hand grenade and Ken has
already pulled the pin, Third, can
anyone tell me where I can find a
reputable antique dealer in Davos? Oh,
and one more thing, Stan O Neal owes me
my bonus."
KEN LEWIS: "John, you and I both
know that I'm the CEO of BAC and you are
not. You did not jump on the bailout
hand grenade like a good bailout
soldier. For this you must suffer the
consequences. If this is not good
enough, I will meet you on the top of
the Weissfluhgipfel at O-700 hours for a
Chinese downhill. The downhill will
decide everything."
HANK GREENBURG: "You are all a
bunch of rascals, give me back my
Company so I can lose it fairly!"
LLOYD BLANKFEIN: "As I have said
on many occasions, the Goldman
investment banking model remains sound.
We concentrated our efforts on putting
men of Gold in the halls of power. This
has paid off handsomely. Hank Paulsen
saved us from the AIG explosion. The
primary purpose of TARP was to save
Goldman Sachs and this goal was achieved
magnificently. Hopefully, the hiccups we
are experiencing will dissappear in due
course. Then we can all get back to
business as usual."
VIKRAM PANDIT: "In response to
yesterday's negative press we have
decided to divide the Citigroup jet
fleet into two halves consisting of good
jets and bad jets..."
JIMMIE CAYNE: "Anyone know where I
can find a decent bridge game around
here?"
STEPHEN SCHWARZMAN: As you all know, I
am CEO of the Flintstone Group, a
humongous (2big) financial (systemic)
juggernaut ready to (fail) implode
(risk). I don't mean to sound self
serving or pedantic, but the reason we
are in this mess is very simple, not
enough leverage. Remember--Flintstone
Group, not enough leverage, systemic
risk.
PHIL GRAMM: "If we could just stop
all the whining."
ALAN GREENSPAN: "Where am I?"
BOB RUBIN: "Shut up Al, your
giving me a headache."
CHRISTOPHER COX: "I just did what
I was told to do."
VLAD PUTIN: Gentlemans, you are all
cordially invited to spend a few days
with my Dacha in Chita Sibera, following
this Summit. We Russians would like to
thank you (the Russian way) for the
financial Chernobyl engineered by your
kind selves and the damage to
Vodkanomics.
Mike Krieger of LibertyBlitzkrieg.com
joins us to talk about the perceived silver shortage – is it real, or
just hysteria? Is Apple really having a hard time securing physical
silver for fabrication? We talk about the Central Banks and the world
powers aligned against humanity, the fight for liberty and the Second
Amendment – and Liberty’s last line of defense. We cover a lot, so grab a
cup of coffee, sit back and hang on.
Part 1:
The Money Powers VS. Silver, Gold & the People
Part 2:
The Money Powers VS. Silver, Gold & the People
A new Ministry of Foreign Affairs (MFA) report detailing Prime
Minister Medvedev’s private talks with other world leaders attending the World
Economic Forum (WEF) talks in Davos
states that all of the attending Russian delegation were “chilled” when presented with the “full agenda” President Barack Obama plans to unleash upon the
American people, and which includes “mass
murder.”
With Obama now having established “firm
control” over the US
military, this report continues, the United States President has begun an
unprecedented purge of all officers who refuse to kill American citizens when
ordered to do so.
The shocking claim made about Obama in this MFA report was confirmed this
past week by one of the world’s foremost philanthropists, and 2009 Nobel Peace
Prize nominee, Dr. Jim
Garrow, who on 21 January wrote on his Facebook page:
I sat down over the last few days with one of the greatest works ever written, “The Law of Compensation“, published by Ralph Waldo Emerson. It’s relevance to today’s financial times is shocking.
In reflecting on highlights from Emerson’s masterpiece (shared
further below), I got to thinking about precious metals, mining shares,
and many other commodities, which at this time represent high-leverage
bets against the “unnatural”.
What Bruce is doing right now in this market, is closely watching the price of gold, and ”constantly scanning” the marketplace for acquisition targets.
I had the chance yesterday to speak with gold mining executive and co-founder of Timmins Gold, Bruce Bragagnolo.
It was a fascinating conversation, as Bruce has raised $85 million
dollars up to 4 years ago to grow what is now, a near $450 million
dollar gold producing company.
I had the chance this week to reconnect with Peter Grandich, publisher of “The Grandich Letter,” for
a powerful new interview. Peter has been issuing major market calls
with tremendous accuracy for decades now, beginning with the 87′ market
crash, and more recently calling the 2009 stock market bottom. During the interview, Peter gave a sober outlook on the junior resource market, warned of a frightening class-warfare to arrive shortly in the US, and spoke onwhich key market will trigger a collapse making 2008 look like just a warm-up. “It’s a stealth bull-market…what I mean by that is, never in 30 years in this business could I saya market could have risen as much as they have, and still see so few net participants in it…Peter also spoke on gold and silver, indicating, Go to any financial institution in any part of the country and look at any 100 accounts, and you won’tfind 1 out of 100 that own physical metal—the bulk of the buying net-net, has been outside of the United States.”
In explaining today’s take-down in the metals, Michael said, “Listen
to all the talk you hear about austerity in Washington. What happens to
the price of gold when you hear this? It goes down…You hear talk about
austerity, and you hear talk now because of the jobless claims, that the
fed might stop [monetizing], and gold gets crushed…The idea that
Bernanke is going to start increasing interest rates, and start to
shrink his balance sheet is ludicrous, and I believe that this is just
another false worry for the gold market.”
Our ever-popular Periodic Table of Commodity Returns
has been updated through 2012. Investor Alert readers love this chart
as it shows a decade of results across 14 different commodities,
providing strikingly rich information in a very familiar format.
Last year, 11 commodities rose in value,
with wheat rising as the top crop after seeing a significant decline in
2011. It was a similar rags-to-riches story for the next few leaders,
including lead, zinc, natural gas and platinum, which all climbed double
digits in 2012 after falling in 2011.
Only three commodities declined over the
year: Crude oil fell by 7 percent after rising 8 percent the previous
year. Nickel declined for the second year in a row. In 2012, the metal
lost 9 percent and in 2011, nickel fell another 24 percent.
One thing you don't want to be during the coming "crunch" -- a polite
word for "collapse" -- is dependent on the system. The more you can take
care of yourself, the better off you'll be physically, financially,
emotionally and even spiritually. Here are 20 ways to become more
self-sufficient while you still can:
1) Get a small solar system that can be used to run a laptop or recharge batteries
2) Drill a water well and install a hand pump or solar-powered DC pump
3) Set up a rainwater collection system or barrel
4) Stash some cash: stock away some green dollar bills and lots of U.S. nickels
5) Own and learn how to use a handgun, rifle and shotgun
6) Store some ammunition
7) Own and know how to use a water filter
8) Start a garden this spring and acquire more food production skills
9) Save garden seeds so you can plant the next generation of food
10) Acquire a wood-burning stove for heat and cooking
11) Possess a large quantity of stored food; enough for at least 90 days
12) Get to know your local farmers and ranchers
13) Store up valuable barter items that are relatively cheap today: Alcohol, coffee, ammo, matches, etc.
14) Safely store extra vehicle fuel (gasoline, diesel) at your home or ranch Be sure to use fuel stabilizers to extend their life.
15) Learn emergency first aid skills and own first aid supplies This could save a life or possibly save a trip to the emergency room.
16) Start growing your own medicine Plant
and grow aloe vera, oregano, garlic, cayenne pepper and other medicinal
herbs that can replace a surprisingly large number of prescription
drugs. Oregano, for example, is a potent antibiotic. Aloe vera treats
cuts, scrapes and burns.
17) Own emergency hand-cranked radios so you can tune in to news and announcements My #1 recommended brand is Freeplay.
18) Boost your immune system with vitamin D and superfoods
19) Increase your level of physical fitness
20) Learn how to raise animals such as rabbits, chickens, goats or cows.
With continued volatility in gold and silver, top Citi analyst Tom Fitzpatrick believes that crude oil is now set up to surge as much as a staggering 63% in 2013. This would crush global stock markets, sending the wildly enthusiastic bulls reeling. Fitzpatrick provided King World News with 7 powerful charts to illustrate the danger this situation poses to the bulls. Fitzpatrick has been incredibly accurate regarding his forecasts so KWN takes his warning very seriously.
Here is what top Citi analyst Fitzpatrick had to say, along with powerful charts: “We
have constantly articulated the view through our longer term overlays
in particular that the US Equity market was establishing a topping phase
that could yield a retracement lower in the months ahead of 20%+.
This
suggests that price action in the weeks ahead may be quite critical in
determining whether this expected turn lower is going to materialize.
We
are now back into the “retracement zone” that fits with both this
overlay and also the one below. These have been our favorite “historic
overlays” for some time. The 1970’s overlay is our “Number 1” choice
not just due to the price action but also the other building blocks from
that period:
– Collapse in housing and economic data (1973-1975)
–
Surge in Oil price (1973-1974 and again in 1978-1979 - See commodities
where we believe the next move higher is underway like 1978)
– Weak USD into 1978
– Bull market in Gold 1970-1980 as well as bullish soft commodity markets.
– Fed holding rates too low for too long Read More
Today 40-year veteran, Robert Fitzwilson, warned, “The West went over the spending cliff decades ago.” He also states that “Those who want a fighting chance at surviving and prospering,” need to own physical gold and silver. Fitzwilson, who is founder of The Portola Group, wrote the following piece exclusively for King World News.
Below is Fitzwilson’s exclusive piece for KWN:
“The functioning of a computer is a beautiful thing when compared to our ever-changing world. It dutifully performs whatever task is required of it. There is no good or bad task to a computer, just tasks. A key part of the programmer’s job is to instruct the computer to do the good tasks as desired.
Another critical aspect is to anticipate every conceivable keystroke combination that could trigger a bad task that the computer would follow as instructed. Failure to allow such unintended keystroke combinations often would result in what used to be humorously called BSD, the “Blue Screen of Death”.... Read More
We like Natural Gas from the long side, ever since the 9 January “double bottom.” What was needed was a weak correction, or retest of that day’s low, but it never came as price kept rallying higher every day. Last night, while reviewing markets, in general, this chart jumped out for a short-term short position.
The first thing noticed was the wide range bar on Tuesday, second bar from end. The close was weak, just under mid-range the bar, and volume increased. Increased volume on a wide range bar is always worth noting. Turns out, there was also a three day clustering of closes, and all of this occurring at a potential resistance area, noted by the broken horizontal lines where a downside gap formed.
WASHINGTON (AP) - Senior defense officials say Pentagon chief Leon
Panetta is removing the military's ban on women serving in combat,
opening hundreds of thousands of front-line positions and potentially
elite commando jobs after more than a decade at war.
The
groundbreaking move recommended by the Joint Chiefs of Staff overturns a
1994 rule banning women from being assigned to smaller ground combat
units. Panetta's decision gives the military services until January 2016
to seek special exceptions if they believe any positions must remain
closed to women.
By: 9wsyr
I searched a few forums didn't see it was posted, if it was then please disregard and forward me to the thread. thanks.
North Korea said Thursday that it plans to carry out a new nuclear test
and further long-range rocket launches, all of which it said are a part
of a
new phase of confrontation with the United States. The North's National
Defense Commission said the moves would feed into an "upcoming all-out
action" that would target the United States, "the sworn enemy of the
Korean people."
North Korea says it plans rocket and nuclear tests directly targeting the United States.
North Korea says it plans rocket and nuclear tests directly targeting the United States.
"In the new phase of our century-long struggle against the United States, we do not hide the fact that various satellites, long-range missiles that we will continue to launch and high-level nuclear test we will conduct will target our sworn enemy, the United States," said a statement Thursday from the North's National Defense Commission.
The statement was carried by the official Korean Central News Agency, and was reported by several media organizations, including Yonhap, the South Korean news service. NPR
With gold near $1,670 and silver close to $32, the Godfather of newsletter writers, Richard Russell, discussed a couple of global indexes, highlighted gold and the mining sector with some fascinating charts, and asks, what about Germany? Here is what Russell had to say: “Will Germany shock the world by pulling out of the eurozone? Germany's stock index has been consolidating, but I don't like the look of MACD. Germans are dreaming of getting back their beloved Deutsche mark -- I think they've had enough of the euro.”
Richard Russell continues:
“The German stock index has been moving sideways -- which way is it going to break? We should know soon.
Gold is looking
increasingly interesting. The chart below almost speaks for itself.
Spot gold is in a rising trend and is touching its 50-day MA. The
nearby target is to climb above 1700. There has been terrific
resistance to gold's rise -- it's as if every penny higher has been
fought against by the anti-gold group (and who could that be but the
Fed?). RSI and MACD are both bullish. Read More
With global stock markets on the move, contrarians are becoming increasingly fearful because bullish stock market readings have recently expanded to the highest levels in more than a year and a half. The following is an extremely important piece because it shows this surge in the bullish readings on the chart below.
Stock market traders and investors should be aware, the bear may be about to come out of hibernation. Here is the latest Investors Intelligence report along with the all-important sentiment chart: “Modest additional index gains occurred last week as the primary indexes continue to trade around their best levels from 2012. They have been unable to follow the smaller-stock averages to all-time record highs.
Indicators remain overall bullish but more charts reached the levels of their prior tops so the short term risk remains high and intact. Those facts are noted by the advisors but only a few reacted with weekly shifts. The end result was ... bulls at lofty levels and showing a wide negative spread from the bears....
“With no change the bulls held at 53.2%, and almost up to clearly negative levels. They have increased considerably from mid-Nov's reading at 37.3%, which showed almost the same lack of optimism that occurred mid-June. Those were the two solid buying chances in 2012. Read More
In April 2011, when silver
was trading at $50.00 an ounce, Bank of America Merrill Lynch was
extremely bullish and suggested $80.00 was possible. (Source: “Prospect
of silver hitting $80 shakes up stock, ETF markets,” International Business Times,
May 1, 2011, last accessed January 22, 2013.) Of course, this hasn’t
been the scenario, as the metal faces tough resistance at $35.00. Until
there is a strong breakout here, I doubt the $40.00-level will be
achievable.
Today 40-year veteran, Robert Fitzwilson, lays out the incredible roadmap for $25,000 gold. Fitzwilson, who is founder of The Portola Group, wrote the following piece exclusively for King World News which contains a powerful chart that he believes points to a staggering, “... long-term value of over $25,000 per ounce of gold.”
Below is Fitzwilson’s exclusive piece for KWN:
“Value rarely equals price in investing. If it were not so, fundamental and technical analyses would be pointless. The only form of investing that would make any sense would be a judgment-and-research-free process that relied solely upon the underlying growth of the economy. Clearly, that is not reality, particularly where many of the key economic statistics have become so unreliable.
Readers of KWN are well versed in the fact that the prices of the precious metals have been “managed” for decades. In recent years, the prices have gone from being nudged to being outright smashed. The prices of the metals have become completely divorced from the underlying values.
We have argued that silver is the most grotesquely undervalued asset on the planet.... Read More
After a solid advance last week for gold and silver, today Michael Pento has written exclusively for King World News to let readers know about the exploding grenade which is going to send, “... increasing money flows into both gold and silver.” Here is Pento’s piece: “Japan has already suffered through 25 years of an economic malaise because they have refused to allow the free market to work its reconciliation magic. Their reliance on government borrowing and spending to rescue the economy has proven to be a miserable failure.”
Michael Pento continues:
Because of this fact, Japanese politicians have succeeded to increase the debt to GDP ratio to 237%, which should have already caused a collapse in Japanese Government Bonds (JGBs) and the Yen. However, JGBs have held their value for two reasons: The Japanese own 92% of their sovereign debt; And, up until now, deflation has reigned over the island....
“Since foreigners do not own a large portion of Japanese bonds, there isn’t a big concern about a mass exit from JGBs due to the fear of a weakening Yen. If foreign ownership of sovereign debt was more in the area of 50% (like it is in the U.S.), there would be a palpable fear on the part of those creditors that their wealth could be wiped out upon currency repatriation—especially in light of the new administration’s love affair with inflation and a falling currency. Read More
On the heels of India raising import duties on gold by 50% in an effort to reduce surging demand, top Citi analyst Tom Fitzpatrick now believes silver may be set up for a stunning 56% surge. Fitzpatrick provided King World News with seven powerful charts which covered the gold, silver, palladium and platinum markets. Fitzpatrick has been incredibly accurate regarding his forecasts for both gold and silver, so pay attention silver bulls.
Here is what top Citi analyst Fitzpatrick had to say, along with powerful charts: “We have long believed that the present pattern on Gold is a consolidation prior to the next impulsive move higher. The charts below suggest the start of that move, which we believe will yield a move towards $2,055-2,060 and then $2,400, may now be “close at hand”. In addition, the set ups on Palladium, Platinum and Silver are all looking constructive.
A
repeat of the momentum move seen between August 2007 and March 2008
could see Gold approach $2,400 as early as July this year (see two
circled areas on chart below).