Silver To Go Parabolic Next Week?

Yemen Says UPS Planes Never Take Off Or Land In It?

SANA'A, Oct. 30 (Saba) – No UPS cargo planes left Yemen to other countries in the last days and there are no direct flights from Yemen to the United Kingdom or the United States, a Yemeni official said, after allegations that British and U.S. officials had found suspicious packages on planes that originated in Yemen.

The official wondered how the media mentioned the name of Yemen reporting that an explosive device was found onboard a cargo plane that landed in London coming from Yemen.

UPS planes never land or take off in Yemen, the official made clear.
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UPS Yemen P.O. Box 1696 Al-Qiyada Street Sana Tel.: 967-1-416-751 Fax: 967-1-418-264

Who Is Bribing Who?

It’s a perfect storm. And I’m not talking about the impending dangers facing Democrats. I’m talking about the dangers facing our democracy.

First, income in America is now more concentrated in fewer hands than it’s been in 80 years. Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans. The top one-tenth of one percent of Americans now earn as much as the bottom 120 million of us.

Who are these people? With the exception of a few entrepreneurs like Bill Gates, they’re top executives of big corporations and Wall Street, hedge-fund managers, and private equity managers. They include the Koch brothers, whose wealth increased by billions last year, and who are now funding tea party candidates across the nation. Which gets us to the second part of the perfect storm. A relatively few Americans are buying our democracy as never before. And they’re doing it completely in secret.

Hundreds of millions of dollars are pouring into advertisements for and against candidates  — without a trace of where the dollars are coming from. They’re laundered through a handful of groups. Fred Malek, whom you may remember as deputy director of Richard Nixon’s notorious Committee to Reelect the President (dubbed Creep in the Watergate scandal), is running one of them. Republican operative Karl Rove runs another. The U.S. Chamber of Commerce, a third. The Supreme Court’s Citizens United vs. the Federal Election Commission made it possible. The Federal Election Commission says only 32 percent of groups paying for election ads are disclosing the names of their donors. By comparison, in the 2006 midterm, 97 percent disclosed; in 2008, almost half disclosed.

We’re back to the late 19th century when the lackeys of robber barons literally deposited sacks of cash on the desks of friendly legislators. The public never knew who was bribing whom.
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Fraud Caused The 1930's Depression And The Current Financial Crisis

Robert Shiller - one of the top housing experts in the United States - says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression. As Fortune notes:

Shiller said the danger of foreclosuregate -- the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt -- is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.

The former chief accountant of the S.E.C., Lynn Turner, told the New York Times that fraud helped cause the Great Depression:

The amount of gimmickry and outright fraud dwarfs any period since the early 1970's, when major accounting scams like Equity Funding surfaced, and the 1920's, when rampant fraud helped cause the crash of 1929 and led to the creation of the S.E.C.

Economist Robert Kuttner writes:

In 1932 through 1934 the Senate Banking Committee, led by its Chief Counsel Ferdinand Pecora, ferreted out the deeper fraud and corruption that led to the Crash of 1929 and the Great Depression.

Similarly, Tom Borgers refers to:

The 1930s’ Pecora Commission, which investigated the fraud that led to the Great Depression ....

Professor William K. Black writes:

The original Pecora investigation documented the causes of the economic collapse that led to the Great Depression. It ... established that conflicts of interest and fraud were common among elite finance and government officials.


The Pecora investigations provided the factual basis that produced a consensus that the financial system and political allies were corrupt.

Moreover, the Glass Steagall Act was passed because of the fraudulent use of normal bank deposits for speculative invesments. As the Congressional Research Service notes:

In the Great Depression after 1929, Congress examined the mixing of the “commercial” and “investment” banking industries that occurred in the 1920s. Hearings revealed conflicts of interest and fraud in some banking institutions’ securities activities. A formidable barrier to the mixing of these activities was then set up by the Glass Steagall Act.

Economist James K. Galbraith wrote in the introduction to his father, John Kenneth Galbraith's, definitive study of the Great Depression, The Great Crash, 1929:
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U.S. Military Uses More Oil per Day than the Entire Nation of Pakistan

The U.S. Department of Defense consumes more oil per day than 170 nations, including Pakistan, a country with 166 million people. Although the amount of fuel consumed by the military is not published, the quantity is estimated to be between 400,000 and 800,000 barrels a day.


Keeping America’s war machine moving has become increasingly expensive as the price of oil has gone up. A single barrel costs $80, but added to that is the cost of transporting the fuel to U.S. troops in such places as Afghanistan and Iraq. This means that maintaining a single soldier in a war zone can end up costing hundreds of dollars more a day. This rising cost explains why the armed services are investing in alternative energy and fuel sources, including the use of biofuels for ships and planes.
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Fund Manager: Gold $10,000 An Ounce

There are gold bulls. And then there is Shayne McGuire. The 44-year-old pension-fund manager from Texas, who spoke recently at a gold conference in Berlin, caused a stir among the roomful of gold aficionados. His provocation: A book that predicts the price of the precious metal could soar to $10,000 an ounce, more than seven times its current price.


Like those who once boldly predicted $1,000 Internet stocks and a 36000 Dow Jones Industrial Average, Mr. McGuire is a lone voice among mainstream investors suggesting such an outsize price jump in gold's price.

Mr. McGuire's view isn't idle prognostication. He runs a $330 million gold portfolio at the Teacher Retirement System of Texas. Mr. McGuire's forecast, which he made in the recently released book, "Hard Money," makes him a very far outlier. Most on Wall Street consider the prediction outlandish.

"If you missed" gold's recent run-up "you have to come up with some pretty sophisticated reasons to buy" now, says Andy Smith, metals analyst with Bache Commodities, a unit of Prudential Financial Inc.

Mr. McGuire was early to the gold trade. In 2007, he and a colleague persuaded the $100 billion Texas fund, the nation's eighth largest, to move into the metal. It was a novel strategy that made it one of the few large U.S. pension funds to have a fund solely devoted to gold.

At the time, gold was trading at around $650, less than half its current price.
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Marxism In America

How to Ditch Big Brother and Disappear Forever

So you've decided you want to drop off the map and leave Big Brother behind. It's harder than ever in our always-connected world, but if you're ready to plan your big vanishing act, here are a few tips to get you started.
Who hasn't thought about how nice it would be to start fresh somewhere new, preferably with nicer weather and cheaper drinks? Whatever your reasons for wanting to disappear—maybe you just want to get The Man off your back—with enough diligence and planning you can vanish and start anew somewhere else.
For the low down on disappearing and starting your life over, we turned to the book How to Disappear: Erase Your Digital Footprint, Leave False Trails, and Vanish without a Trace by Frank M. Ahearn and Eileen C. Horan. Frank Ahearn is the grizzled grandfather of the vanishing act. After 20 odd years working as a skip tracer—an investigator who specializes in finding people who don't want to be found—he realized he could make just as much money and incur a lot less risk helping people avoid investigators like himself. We've culled a few of Ahearn's tips below, but if you're really serious, his book is a great pocket guide to getting lost. Photo adapted from the Australia edition of How To Disappear.
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Celente: It's Getting Worse

Gold Will Outlive Dollar Once Slaughter Comes: John Hathaway

The world’s monetary system is in the process of melting down. We have entered the endgame for the dollar as the dominant reserve currency, but most investors and policy makers are unaware of the implications.

The only questions are how long the denouement of the dollar reserve system will last, and how much more damage will be inflicted by new rounds of quantitative easing or more radical monetary measures to prop up the system.

Whether prolonged or sudden, the transition to a stable monetary system will become possible only when the shortcomings of the status quo become unbearable. Such a transition is, by definition, nonlinear. So central-bank soothsaying based on the extrapolation of historical data and the repetition of conventional wisdom offers no guidance on what lies ahead.

It’s amazing that there is no intelligent discourse among policy leaders on the subject of monetary rot and its implications for the future economic and political landscape. Until there is fundamental monetary reform on an international scale, most economic forecasts aren’t worth the paper on which they are written.

Telltale signs of future trouble aren’t hard to spot. Only a few months ago, Federal Reserve Chairman Ben Bernanke and a chorus of other high-ranking Fed officials were talking about exit strategies from the U.S. central bank’s bloated balance sheet and the financial system’s unprecedented excess liquidity. Now, those same officials are talking about pumping more money into the system to stimulate growth.

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Unemployment Offices To Add Armed Guards 

Dire Warnings for States: 2011 Will be Painful

Pat Down or Full Body Scan? Security Gets More Personal at Airports

Next time you pass through security in some airports around the country, you may face a difficult dilemma: Would you rather have a revealing, full body scan or what some are calling an X-rated pat down? Some passengers opt out of the full-body scan, concerned about the low doses of radiation emitted by the high-tech body scanners that are being put in place in many terminals. The machines also are able to see beneath clothes, creating a photo-realistic picture of the passenger's body.
But for those who refuse the scan, the alternative pat down is about to get equally thorough.
Watch "World News with Diane Sawyer" for more on this story tonight on ABC.
Starting Friday, the TSA is changing its pat-down procedure. TSA officers used to pat down passengers with the backs of their hands, but now they'll use the fronts of their hands to search more than ever before, in some cases touching body parts that once were off limits.
A security expert who demonstrated the new procedure on a mannequin for ABC News explained the changes.
"You go down the body and up to the breast portion," said Charles Slepian of the Foreseeable Risk Analysis Center. "If it's a female passenger, you're going to see if there's anything in the bra."
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Obama's Trip to Be Biggest Ever 

Foreclosure Crisis Is Spreading Nationwide

The foreclosure crisis took an ominous turn Thursday as a new report indicated that foreclosure activity is spreading from states that have been at the heart of the problem into places like Chicago and Seattle.

And a backlog of foreclosed properties may chill the housing market for years to come. Rick Sharga of RealtyTrac, which released the data, said he expects home prices to remain fairly stagnant until 2014.

Everyone is being touched by this now.

- Mark Zandi, chief economist with Moody's Analytics

Eleven out of the nation's 20 largest metropolitan areas saw increased foreclosure activity in the third quarter compared with the same period last year, according to the foreclosure listing firm.

The top eight metro areas for foreclosures were in Nevada, California and Arizona, said Sharga, a senior vice president.

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Hyperinflation Is Here

Longwave Group Gold Newsletter (.pdf file)


Obama No Longer Bothering To Lie Credibly 

Reappearance of Huge Plumes of Oil is Making It Hard to Pretend that the Problem Has Disappeared

There is a flood of information coming out on the Gulf oil spill.
Why?
The reappearance of huge plumes of oil is making it hard to pretend that it has all gone away.
Here's a roundup of some of the Gulf oil headlines from just the last 4 days:

• More Independent Scientists Report “Vast Volumes of Oil Present on Seafloor”; Independent Research AGAIN Directly Contradicts NOAA/Coast Guard Findings

• EXCLUSIVE PHOTOS: Confirmed Fish Kill on Grand Isle; “Overpowering Stench of Death and Decay” Coming From BP “Death Mounds”

• Coast Guard Claims That Miles-Long Expanse of Oil on Gulf Surface Is Algae; Boat Captain: “I’ve never seen algae that looked orange, that was sticky, smelled like oil and that stuck to the boat and had to be cleaned off with solvent”

• “They are dying” says registered nurse working in Florida — I’m seeing “people who have been chemically poisoned”

• Valdez Toxicologist: “People are dropping dead now” — “I don’t think we’ll have to wait years to see the effects like we did in Alaska”

• State officials admit: “Worried about FISHERY COLLAPSES, based on the collapse of the herring fishery” after the Exxon Valdez

• "I’m scared of what I’m finding” says chemist — Corexit combines with oil to generate new compounds, many with “double bonds”

• Fishermen Report Louisiana Bays Filled With Oil

• NEW TEST RESULTS: 8 out of 8 Blood Samples from BP Cleanup Workers Test Positive For Toxic Chemicals Found in BP Oil

• Feds Are Allowing BP to Leave Oil on Gulf Beaches

• Chemist: Women more at risk — “Bleeding from their vagina and anus. Small kids are bleeding from their ears. This stuff is busting red blood cells”

• Submerged oil surfaces: Fishermen say 10 MILE patch of brown foam “5 INCHES THICK with red swirls of oil”

• “They are literally shrimping in oil” says eyewitness — “It’s criminal” that officials keep waters open

• Catfish in lagoon “suffering burns across their heads and bodies” (VIDEO)

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Majority Of Americans Worry about Ability To Pay Mortgage or Rent, Poll Finds 

Let's Get Real "The U.S. is Bankrupt"

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Prof. Kotlikoff says the IMF itself has quietly confirmed that the U.S. is in terrible fiscal trouble – far worse than the Washington-based lender of last resort has previously acknowledged. “The U.S. fiscal gap is huge,” the IMF asserted in a June report. “Closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 per cent of U.S. GDP.”

This sum is equal to all current U.S. federal taxes combined. The consequences of the IMF’s fiscal fix, a doubling of federal taxes in perpetuity, would be appalling – and possibly worse than appalling.

Prof. Kotlikoff says: “The IMF is saying that, to close this fiscal gap [by taxation], would require an immediate and permanent doubling of our personal income taxes, our corporate taxes and all other federal taxes.

“America’s fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts.”

He cites earlier calculations by the Congressional Budget Office (CBO) that concluded that the United States would need to increase tax revenue by 12 percentage points of GDP to bring revenue into line with spending commitments. But the CBO calculations assumed that the growth of government programs (including Medicare) would be cut by one-third in the short term and by two-thirds in the long term. This assumption, Prof. Kotlikoff notes, is politically implausible – if not politically impossible.

One way or another, the fiscal gap must be closed. If not, the country’s spending will forever exceed its revenue growth, and no one’s real debt can increase faster than his real income forever.

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Silver "Conspiracy" Coming True?

NEW YORK, Oct 27 (Reuters) - JPMorgan Chase & Co (JPM.N) and HSBC Holdings Plc (HSBA.L) were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits.

The banks, among the world's largest, were accused of manipulating the market for COMEX silver futures and options contracts from the first half of 2008 by amassing huge short positions in silver futures contracts that are designed to profit when prices fall.

"Defendants reaped hundreds of millions of dollars, if not billions of dollars in profits" from the conspiracy, one of the complaints said.

The respective plaintiffs, Brian Beatty and Peter Laskaris, each said they traded COMEX silver futures and options and contracts, and lost money because of the alleged manipulation.

Beatty lives in Connecticut and Laskaris in New York, court records showed. The lawsuits seek class-action status, damages that may be tripled and other remedies. The defendant banks are major participants in the silver market.

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We are Going Into A Very, Very Deep Depression

Charlie McGrath of Wide Awake News warns that things are going to change after the election - for the worse. While the movement across America to stop an out of control Congress in its tracks will likely lead to Republican victories and control of at least the House, the idea that this will somehow change the economic outlook for the better is conjecture. While our regular readers already understand we’re in a depression, most Americans have no clue of the severity of the problem. According to McGrath, they will know very very soon.

Look at what’s going on around the world. We have riots in Greece, riots in France, we have massive job cuts in England [which are] probably going to lead to social unrest there. It is our time to have austerity flung upon us. That’s what this election is going to be used for.
A week from now when Republicans control the house, maybe the Senate, it really doesn’t matter. Everything’s going to come to a grinding halt. Every talk of extending unemployment benefits is going to come to a grinding halt and austerity is going to be implemented on the American people. Like it or not, it’s coming.
…
This is the plan. We’re going to know that we are in a great depression, very very soon.
…
There’s going to be a lot of people in your life, maybe even yourself, who are facing these difficult, tough decisions when it comes to how to make ends meet…
…The fact is, economic hard times [are] coming your way - like it or not. You have to change your mindset. You have to wrap your head around the fact that it might be your only option to strategically default on your house. It might be your only option to go ahead and file bankruptcy.
…When austerity becomes vogue in this country, it’s going to hit like an eight pound sledgehammer and a lot of people are not going to be able to take it.
…They would have no problem whatsoever walking away from you and letting you wither and die on the vine. You can not have a heart for these people. You need to have a heart for your family. You need to make strategic decisions that benefit yourself and your family. The crime of shifting their debt on to you is complete. It’s time for you to look out for you and your own.

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Bill Gross Calls Fed "Most Brazen" Of All Ponzi Schemes, Says 30 Year Bond Market Is Ending, Compares US Economy To Black Hole..Link HERE

Bad Driver? In Debt? Proposed NYC Law Would Ban You From Owning a Gun

New York City residents who want to own a gun may soon be denied permits if they are litterbugs, if they are bad drivers, or if they have fallen behind on a few bills.

Under proposed revisions to the police department's handgun, rifle and shotgun permit procedures, the NYPD can reject gun license applicants for a number of reasons, including: 

If they have been arrested or convicted of almost any "violation," in any state; having a "poor driving history"; having been fired for "circumstances that demonstrate lack of good judgment"; having "failed to pay legally required debts"; being deemed to lack "good moral character"; or if any other information demonstrates "other good cause for the denial of the permit."

Critics say many of the restrictions are vague, have nothing to do with one's fitness to own a gun and are unconstitutional.

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Astounding Unemployment/Wages Misery Coming To Light

One out of every 34 Americans who earned wages in 2008 earned absolutely nothing -- not one cent -- in 2009.
The stunning figure was released earlier this month by the Social Security Administration, but apparently went unreported until it appeared today on Tax.com in a column by Pulitzer Prize-winning tax reporter David Cay Johnston.
It's not just every 34th earner whose financial situation has been upended by the financial crisis. Average wages, median wages, and total wages have all declined -- except at the very top, where they leaped dramatically, increasing five-fold.
Johnston writes that while the number of Americans earning more than $50 million fell from 131 in 2008 to 74 in 2009, those that remained at the top increased their income from an average of $91.2 million in 2008 to almost $519 million.
The wealth is astounding, says Johnston. "That's nearly $10 million in weekly pay!... These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers."
Johston sees the depressing figures as a result of government tax policies maintained by politicians with an eye on re-election, not good government:
It is the latest, and in this case quite dramatic, evidence that our economic policies in Washington are undermining the nation as a whole.We have created a tax system that changes continually as politicians manipulate it to extract campaign donations. We have enabled ''free trade'' that is nothing of the sort, but rather tax-subsidized mechanisms that encourage American manufacturers to close their domestic factories, fire workers, and then use cheap labor in China for products they send right back to the United States. This has created enormous downward pressure on wages, and not just for factory workers.
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New Study Says Cost of Health Reform Subsidies Could Far Exceed Previous Estimates

A new study by the Lewin Group estimates that 28.6 million Americans will be eligible for a federal subsidy to purchase health insurance beginning in 2014 at a projected cost to tax payers in excess of $110 billion. This estimate is dramatically higher (578%) than the cost of these subsidies forecast by the Congressional Budget Office (CBO) prior to the bill’s enactment into law..more at link above

Silver Money for Americans

I think that my readers will agree that there is a desperate need for some fresh thinking about money in the U.S.

Many respected analysts worry that the expected action by the Fed to apply a new bout of QE after the coming elections is fraught with danger.

Fiat money in the US is in an advanced stage of decomposition and when money rots, the whole social, economic and political structure of the nation rots with it. A return to sound money is urgent. More and more people are aware of the perilous road ahead if nothing is done.

The problems facing the US are so gigantic in nature, that an all-round solution to them is impossible when analyzed in practical terms. A return to sound money is a return to gold and silver as currency. Gold is outstanding as money – but how to realize that goal? Silver is great for popular use – but again, how to regain it?

The only way open to regain a sound footing of real money for the US economy must be by establishing a process through which there will be a gradual and natural return to sound money. It is impossible to reform or improve the present monetary system of the US any other way.

The US abandoned sound money in a series of gradual steps; the first metal out of the monetary system was gold, in 1933; the second metal out of the system was silver, in 1965. The return to sound money would follow those steps, in inverse order: silver would return first, because silver has always been the money of the people; gold would return last, silver having opened the way.

Why did silver coinage disappear from circulation in America?  It disappeared because the dollar price of silver rose to a point, back in 1965, where the value of the silver in the silver coin was superior to the value of the coin itself. The result was that most silver coinage was melted down into bullion, which had a value greater than the monetary value of the melted coins. On October 20 a silver dime contained silver worth $1.72! (www.coinflation.com) Dollar inflation caused by expansion of the fiat money supply and expanding credit drove up the price of silver and thus drove silver coinage out of circulation.

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Why Did 17 Million Students Go to College?

Why The Banks Must Not Get Away With It

Why The Banks MUST NOT Get Away With This

 

It's now in the mainstream media....

People in this country may be uninformed or misinformed -- but they're not stupid. They'll catch on to the message soon, if they haven't already: There's one deal for average people, but a different, far better deal for the really big and powerful.

We can't go there folks.

There's a limit to the screwing of this sort that the people will take.  I have no idea where it is.  Neither does anyone else.  The Politicians definitely don't; they're tone deaf to this sort of abuse, because most of them haven't bought their own groceries or pumped their own gas in 20 years.  We have reported every time there's an election how "Politician X" didn't pay his 24 speeding tickets and as a result his license was suspended - but now he paid them and it's all ok.

These people live in a different world.  If you or I don't pay one speeding ticket the next time we're tooling down the road the cop's "robocamera" will pick up our license plate and we'll get treated to the felony stop - that's where four cop cars pull you over and the cop steps out with his gun out, behind his door, and tells you to get the f%#k out of the car and lie on the ground.  Then, since you've got a suspended license, you get to spend the night in jail before you see The Judge.

This isn't hyperbole - it happens all the time.  Sometimes it's legitimately you trying to be an ass - you tossed the ticket and the warning from the state that your license and plates were suspended.

But sometimes it's not - you didn't get the notice yet, or you send in a check but for the wrong amount.  No matter, you get the felony stop treatment.

Here's the problem: If the people get into their head that not only politicians can do this sort of thing and get away with it when it comes to things like traffic tickets, but banks can literally rob the people with predatory lending and then enlist the courts to screw them a second time in unjustly evicting them from their house, there is a point where they will snap.

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Consumer Index Graphs And Commentary

75 Ways The Government And Elite Will Be Sucking The Blood out Of You in 2011

The American people are experiencing financial death by a thousand cuts and most of them don't even realize it. The U.S. government, state governments, local governments and the financial elite are draining us financially in dozens upon dozens of different ways, and yet we have become so programmed to accept it that it just seems normal to us. 2011 is rapidly approaching, and a whole slate of federal taxes is scheduled to go up, state taxes are being increased from coast to coast, local governments are finding new and creative ways to stick it to us and the financial elite are becoming more predatory than ever. Meanwhile, the incomes of many average Americans are actually going down. According to the Census Bureau's annual survey of income and poverty in the United States, of the 52 largest metro areas in the nation, only the city of San Antonio did not see a decline in median household income during 2009. Tens of millions of Americans are flat broke and they are getting pissed off. According to a new poll conducted by CNBC, 92 percent of Americans believe that the U.S. economy is either "fair" or "poor". The American people desperately want someone to fix the economy, but instead our "leaders" are trying to come up with new and creative ways to drain even more money out of us.
In no particular order, the following are 75 ways that the U.S. government, state governments, local governments and the financial elite will be sucking even more of the life blood out of the American people in 2011....
#1 State governments across the U.S. are raising fees and taxes in so many different ways it is staggering. A reader named Richard recently sent me an email in which he described the shock that he experienced when he recently received his license plate renewal notice in the mail....
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5 Best Countries to Escape America's Decline

CBS: Real Unemployment Rate Is 17%

CBS: "The national unemployment rate of 9.5% percent sounds incredibly high and of course, it is. But, it doesn't nearly capture the depth of the trouble. It doesn't count the people who've seen their hours cut to part-time, it doesn't count the people who've quit looking for work. If you add all of that together, the unemployed and the underemployed, it's not 9.5% percent, it's 17% and here in California it's 22%."
33 Second Video Here..

America Is Gone

There is a whiff of anarchy in the air this morning. As I sit here writing, a conservative victory in the midterm elections looms. But I find no reason to be optimistic. The midterm elections will solve nothing. The plain fact is that conservatives have lost the battle for America. The country that many of us were born in has ceased to exist. And we have no one to blame but ourselves. Nothing can or will change until we come to terms with the grim reality of moral degeneration. And I have no hope that this can happen, save by some terrible trial.

Last week in Oklahoma City, two pedestrians were run down by cars at the same intersection within a few hours. In one incident, the driver did not bother to stop, but continued driving as if nothing had happened. It was a horrific but perfect metaphor for the self-absorbed entitlement mentality that grips the country.

Every day, the news brings a startling new incident of moral corruption. A few days ago it was reported that an eighteen-year-old geology student at Arizona State University had starred in an online pornographic film in which she performed "explicit and degrading" sex acts for a one-time payment of $2,000. The young woman explained that she needed the money to supplement her scholarship, and then inexplicably proclaimed, "I have morals!"

We are a nation of gluttons. About one-third of adults in the U.S. are obese. To qualify as "obese," the average person has to be not just overweight, but carry an extra thirty-five pounds or more. In the last thirty years, the obesity rate in America has more than doubled. It is the sheerest irony that today, the average person has the choice of a multiplicity of fresh, wholesome, and nutritious foods, all available at the lowest prices in history. But choosing and preparing the best foods takes time and effort. We would rather stuff ourselves with fast food because it's tasty and convenient. The consequences of this slothful lifestyle include hypertension, diabetes, and heart disease. After ruining our health through gluttony, we then go to our physicians and demand a quick fix in the form of a pill. Pharmaceutical companies are glad to oblige. And the government must pay, because free health care is now a "right."

There is no better index for America's moral degradation than television programming. Compare today's shows with those of a generation ago. Every episode of "The Andy Griffith Show" contained a short moral lesson, and "The Twilight Zone" challenged our intellects and stretched our imaginations. But entertainment and instruction have devolved into shock and novelty. The networks are locked in a downward spiral to see who can provide the most outrageous and offensive programming. It's not their fault. They're just giving the American people what they want.

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UN Inspired Carbon Reduction Fraud

Thirty-two states are on the path to UN-inspired carbon reduction, Cap-and-Trade schemes and unconstitutional alliances; the supporting Governors must be held accountable.  Carbon reduction and population reduction go hand in hand.  The United Nations failed to impose their treaties from the top down (the Kyoto and Copenhagen Accords) and the federal government has abandoned its unpopular national Cap-and-Trade scheme for now.  Cap-and-Trade is being pursued on the state level, and one region has even raised over $700 million in carbon auctions.

The thirty-two states have been divided into three regions; regionalism is a trick that uses re-zoning to establish new jurisdictional authority.  State compacts and agreements, in addition to state treaties with foreign governments, are unconstitutional.  While these regional programs have avoided mention of United Nations Agenda 21, the blueprint for depopulation total control, evidence supports that this is an Agenda 21 Sustainable Development program for the following reasons:
•  Man made global warming deception, based on discredited science from the United Nations Intergovernmental Panel on Climate Change (UN IPCC), is a primary excuse used to implement Agenda 21 Sustainable Development.
•  California's AB 32 Global Warming Solutions Act  is committed to achieving the targets of the UN Kyoto Protocol (a treaty with mandatory rules to limit carbon).
• RGGI (Regional Greenhouse Gas Initiative of the Northeastern states) is similar to the UN Kyoto treaty with mandated regulations and a Cap-and-Trade scheme.
THE SCIENCE
Because global warming has been discredited, it is now referred to as climate change, climate disruption and the greenhouse effect.
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America Is For Sale: Cheap

(snippet)

There were others: A toll highway in Indiana. The Chicago Skyway. A stretch of highway in Florida. Parking meters in Nashville, Pittsburgh, Los Angeles, and other cities. A port in Virginia. And a whole bevy of Californian public infrastructure projects, all either already leased or set to be leased for fifty or seventy-five years or more in exchange for one-off lump sum payments of a few billion bucks at best, usually just to help patch a hole or two in a single budget year.

America is quite literally for sale, at rock-bottom prices, and the buyers increasingly are the very people who scored big in the oil bubble. Thanks to Goldman Sachs and Morgan Stanley and the other investment banks that artificially jacked up the price of gasoline over the course of the last decade, Americans delivered a lot of their excess cash into the coffers of sovereign wealth funds like the Qatar Investment Authority, the Libyan Investment Authority, Saudi Arabia's SAMA Foreign Holdings, and the UAE's Abu Dhabi Investment Authority.

Here's yet another diabolic cycle for ordinary Americans, engineered by the grifter class. A Pennsylvanian like Robert Lukens sees his business decline thanks to soaring oil prices that have been jacked up by a handful of banks that paid off a few politicians to hand them the right to manipulate the market. Lukens has no say in this; he pays what he has to pay. Some of that money of his goes into the pockets of the banks that disenfranchise him politically, and the rest of it goes increasingly into the pockets of Middle Eastern oil companies. And since he's making less money now, Lukens is paying less in taxes to the state of Pennsylvania, leaving the state in a budget shortfall. Next thing you know, Governor Ed Rendell is traveling to the Middle East, trying to sell the Pennsylvania Turnpike to the same oil states who've been pocketing Bob Lukens's gas dollars. It's an almost frictionless machine for stripping wealth out of the heart of the country, one that perfectly encapsulates where we are as a nation.

Long Read Here..


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Jim Sinclair Commentary

Note: Graph on the left is the US dollar after hour Flash Crash!

Bloomberg had an interview this afternoon with Professor Black who is the author of The Best Way to Rob a Bank is to Own One.
He could not be silenced. Professor Black said, amongst other javelins in the heart of MOPE, the following:
1. Securitized mortgage instruments are all fraudulent.
2. The Fed is holding a huge amount of these as collateral.
3. They are valueless.
4. The manufacturers of these are, under commercial and criminal statute and law, criminals.
The interviewer almost swallowed her tongue.
Gold will trade at and above $1650. QE to infinity is not a choice, it is all that is left.


Jim Sinclair’s Commentary
This is what I spoke to you yesterday about. This is QE on the down low.
Keep in mind this is Federal Reserve Management of Perspective Economics which they called "communication."
The Fed has no choice but QE to infinity. Gold will go to and beyond $1650.
More Here..

Silver Shipments From China, Biggest Exporter, May Plunge by 40% This Year