(Possible Satire) This is an urgent message! Read this and spread the word! Subject: Foreign Trade Zones. This is unbelievable at first, but you will soon realize that there are several motives for the global communists to physically weave our United States territory together with communist China. Read On! Here's what is going on!
Each and every one of our state governors has approved and allocated a certain amount of acres of their U.S. state land to be inhabited by Chinese communists --communists straight from China! They are to set up little towns and live here, supposedly for the purpose of producing Chinese products for sale in the U.S.A. The land the states are giving them for their little towns will be considered "foreign territory"!!! We are told that the laws of the state (in which these Chinese communists dwell) will apply to the communist Foreign Trade Zone (FTZ). Comment: If so, why are they allowed in here!??! Isn't the whole set up unlawful??? There are 257 of these little communist towns to be built all over the United States. Go to this website and see the list of the states, and how many FTZ's are to be erected in each and every state! Our nation is being peppered all over with these communist closed towns called "zones"! This insane brainstorm by Washington, D.C. officials was just recently discovered by alert citizens in the State of Idaho, where an FTZ is being built there, just south of Boise, Idaho, possibly 30,000 acres of Idaho is going to be used for that FTZ. Check this site quickly before it is removed:
When you get to this website, be prepared by having enough paper to print 40 pages, listing all the FTZ's to be built over the whole United States! 257 of these FTZ's! It is absolute insanity!! How gullible are we???
More Here..
Monday, January 31, 2011
California: A Third World State
Abandoned farms, Third World living conditions, pervasive public assistance -- welcome to the once-thriving Central Valley.
The last three weeks I have traveled about, taking the pulse of the more forgotten areas of central California. I wanted to witness, even if superficially, what is happening to a state that has the highest sales and income taxes, the most lavish entitlements, the near-worst public schools (based on federal test scores), and the largest number of illegal aliens in the nation, along with an overregulated private sector, a stagnant and shrinking manufacturing base, and an elite environmental ethos that restricts commerce and productivity without curbing consumption.
Here are some general observations about what I saw (other than that the rural roads of California are fast turning into rubble, poorly maintained and reverting to what I remember seeing long ago in the rural South). First, remember that these areas are the ground zero, so to speak, of 20 years of illegal immigration. There has been a general depression in farming — to such an extent that the 20- to-100-acre tree and vine farmer, the erstwhile backbone of the old rural California, for all practical purposes has ceased to exist.
On the western side of the Central Valley, the effects of arbitrary cutoffs in federal irrigation water have idled tens of thousands of acres of prime agricultural land, leaving thousands unemployed. Manufacturing plants in the towns in these areas — which used to make harvesters, hydraulic lifts, trailers, food-processing equipment — have largely shut down; their production has been shipped off overseas or south of the border. Agriculture itself — from almonds to raisins — has increasingly become corporatized and mechanized, cutting by half the number of farm workers needed. So unemployment runs somewhere between 15 and 20 percent. Many of the rural trailer-house compounds I saw appear to the naked eye no different from what I have seen in the Third World.
$50 Physical Silver by April 2011
First, let us take a quick recap on how far silver has come.
From 1970-2002, Silver has been an approximately an overall flat investment (on an annual nominal basis). The one major exception was the great silver spike that had silver surge touch 50$ at one point. You can read about it here.
If you bought silver in 2002, you would be up approximately 600% with current spot price of silver at $28.01. In doing some simple calculations, that is an equivalent return on investment of ~25% per year, annually compounded.
Silver has been forming a short term exponential price function since 1996 with its only big “hiccup” in 2008. It is important to know that in 2008, the price of silver (& Gold) dropped due to futures and options of silver (&gold) selling off, not physical silver. There is a lot of long exhausting research that has been done on this matter, and I will leave you to this link as a starter for this topic.
Since the lows of ~10.50 in late 2008, silver has gained approximately 275% from lows in 2 years for an annual return of approximately 66% annually compounding returns (idealistic timing).
Now focusing more on the short term, let us check the previous 5 months in silver. Starting from August at $18 to our current $28 dollar level, silver has gained an impressive 55% strongly suggesting an upward direction in only the last 5 months (from a once completely dormant metal for so many years). It is quite a sight to behold, and one must ask the question will it continue? And what will future prices look like? And how soon?
WASHINGTON STATE JOINS MOVEMENT FOR PUBLIC BANKING
Bills were introduced on January 18 in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states now actively moving to create public banking facilities.
The bills, House Bill 1320 and Senate Bill 5238, propose creation of a Washington Investment Trust (WIT) to “promote agriculture, education, community development, economic development, housing, and industry” by using “the resources of the people of Washington State within the state.”
Currently, all the state’s funds are deposited with Bank of America. HB 1320 proposes that in the future, “all state funds be deposited in the Washington Investment Trust and be guaranteed by the state and used to promote the common good and public benefit of all the people and their businesses within [the] state.”
The legislation is similar to that now being studied or proposed in states including Illinois, Virginia, Hawaii, Massachusetts, Maryland, Florida, Michigan, Oregon, California and others.
More Here..5 Stages of the Awakening
(snippet)
The Elite give us the illusion of freedom but control all of the choices. The Elite give us the choice of 500 cable stations, yet the same message comes from all of the channels. They give us aisles and aisles of food, yet 90% of it is just corn and soy byproducts. They give us the choice of hundreds of political candidates, yet nothing changes because both sides are bought and paid for by the Elite. They give you the choice of investments of stocks, bonds, and real estate but when this all goes down, you will see that it is all apart of the same illusion of the dollar. This of course is controlled by the Elite. If you do not think independently for yourself, you cannot help but to be controlled, whether you know it or not.
Every aspect of your life is monitored, regulated, taxed and controlled, not for your betterment, but for betterment of others. To do most high paying jobs requires a certification or a license. Most “assets” you have or own out right are not your own. (Try not paying your property taxes on a home you own out right and I will show you the real owner is.) All of your communications are monitored and recorded. Now the Federal government wants these records to be kept indefinitely. Think you own your 401k? Try getting your money out. You want to do anything to your home? You better get permission from the homeowner association or the local zoning board. All of these examples, plus many, many more have nothing to do with making your life better. They exist to create power, profit and a parasitic life for another.
“Until they became conscious they will never rebel and until after they have rebelled they cannot become conscious.” — George Orwell (1984)
More Here..
Where Are Markets Heading To?
The Elite give us the illusion of freedom but control all of the choices. The Elite give us the choice of 500 cable stations, yet the same message comes from all of the channels. They give us aisles and aisles of food, yet 90% of it is just corn and soy byproducts. They give us the choice of hundreds of political candidates, yet nothing changes because both sides are bought and paid for by the Elite. They give you the choice of investments of stocks, bonds, and real estate but when this all goes down, you will see that it is all apart of the same illusion of the dollar. This of course is controlled by the Elite. If you do not think independently for yourself, you cannot help but to be controlled, whether you know it or not.
Every aspect of your life is monitored, regulated, taxed and controlled, not for your betterment, but for betterment of others. To do most high paying jobs requires a certification or a license. Most “assets” you have or own out right are not your own. (Try not paying your property taxes on a home you own out right and I will show you the real owner is.) All of your communications are monitored and recorded. Now the Federal government wants these records to be kept indefinitely. Think you own your 401k? Try getting your money out. You want to do anything to your home? You better get permission from the homeowner association or the local zoning board. All of these examples, plus many, many more have nothing to do with making your life better. They exist to create power, profit and a parasitic life for another.
“Until they became conscious they will never rebel and until after they have rebelled they cannot become conscious.” — George Orwell (1984)
More Here..
Where Are Markets Heading To?
Sunday, January 30, 2011
Church Foreclosures Surge, Seen as 'Next Wave' in Crisis
ROSEVILLE, Calif.—Residential and commercial real-estate owners aren't the only ones losing their properties to foreclosure. The past few years have seen a rapid acceleration in the number of churches losing their sanctuaries because they can't pay the mortgage.
Just as homeowners borrowed too much or built too big during boom times, many churches did the same and now are struggling as their congregations shrink and collections fall owing to rising unemployment and a weak economy.
Since 2008, nearly 200 religious facilities have been foreclosed on by banks, up from eight during the previous two years and virtually none in the decade before that, according to real-estate services firm CoStar Group, Inc. Analysts and bankers say hundreds of additional churches face financial struggles so severe they could face foreclosure or bankruptcy in the near future.
Saturday, January 29, 2011
Complete Chaos In Egypt
Banks, junctions and important buildings previously guarded by the police and state security were left abandoned on Saturday and civilians have quickly stepped in to fill the void.
"There is no police to be found anywhere," said Ghadeer, 23, from an upscale neighbourhood. "Doormen and young boys from their neighbourhoods are standing outside holding sticks, razors and other weapons to prevent people from coming in."
She added: "The community is working together to stop this and protect ourselves."
Police withdrew from the streets when the army was sent in to take over security in Cairo. Witnesses have since seen mobs storming supermarkets, commercial centres, banks, private property and government buildings in Cairo and elsewhere.
Protests Spread To Saudi Arabia
Is the World's Largest Super-Volcano set to Erupt for the first time in 600,000 years, wiping out two-thirds of the U.S.?
Read more: Here..
Mike Ruppert - The Beginning Of Systemic Failure
Egypt Protests: America's Secret Backing for Rebel Leaders Behind Uprising
The leader of Jordan's powerful Muslim Brotherhood warned Saturday that unrest in Egypt will spread across the Mideast and Arabs will topple leaders allied with the United States.
Internet ‘Kill Switch’ Legislation Back in Play
Legislation granting the president internet-killing powers is to be re-introduced soon to a Senate committee, the proposal’s chief sponsor told Wired.com on Friday.
The resurgence of the so-called “kill switch” legislation came the same day Egyptians faced an internet blackout designed to counter massive demonstrations in that country.
The bill, which has bipartisan support, is being floated by Sen. Susan Collins, the Republican ranking member on the Homeland Security and Governmental Affairs Committee. The proposed legislation, which Collins said would not give the president the same power Egypt’s Hosni Mubarak is exercising to quell dissent, sailed through the Homeland Security Committee in December but expired with the new Congress weeks later.
The bill is designed to protect against “significant” cyber threats before they cause damage, Collins said.
“My legislation would provide a mechanism for the government to work with the private sector in the event of a true cyber emergency,” Collins said in an e-mail Friday. “It would give our nation the best tools available to swiftly respond to a significant threat.”
The timing of when the legislation would be re-introduced was not immediately clear, as kinks to it are being worked out.
An aide to the Homeland Security committee described the bill as one that does not mandate the shuttering of the entire internet. Instead, it would authorize the president to demand turning off access to so-called “critical infrastructure” where necessary.
Friday, January 28, 2011
"Less Than a 3 Percent Drop in Asset Values Could Wipe Out Wall Street"
It's all about leverage. I've been waiting for this public quote for 2 1/2 years. It's very simple math. And it's also the key to understanding the crisis and why all of the banks are insolvent. You've heard it several times here before. Henry Paulson, when he was still CEO of Goldman in 2004, successfully lobbied the SEC to change the rules on capital ratios. Leverage exploded from a previous limit of 12:1 to beyond 40:1 for all 5 firms, and when you consider that a substantial portion of the assets were synthetics then the real leverage numbers were much higher.
By the way, reinstating the pre-2004 rules of 12:1 would go a long way toward a financial fix and yet it was left undone by Dodd-Frank, which only required that the Federal Reserve undertake a study of capital ratios and report findings to Congress. That will certainly solve the problem.
Back to the math. In a world of 40:1, assets don't have much downside. Consider what this means in a simple example.
By the way, reinstating the pre-2004 rules of 12:1 would go a long way toward a financial fix and yet it was left undone by Dodd-Frank, which only required that the Federal Reserve undertake a study of capital ratios and report findings to Congress. That will certainly solve the problem.
Back to the math. In a world of 40:1, assets don't have much downside. Consider what this means in a simple example.
- If your collective assets drop in value from 100 to 97, you're done. Toast. Game over. At least that's how it's supposed to work.
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Baltic Dry Index Set for a Big Fall?
By. Bruce Krasting
A friend calls from Athens this morning moaning and groaning about the sorry state of the shipping industry. I ask, “What’s new that makes you so grumpy?” He points me to this story concerning the bankruptcy of a Korean shipping company called Korean Lines (“KL”) .
A friend calls from Athens this morning moaning and groaning about the sorry state of the shipping industry. I ask, “What’s new that makes you so grumpy?” He points me to this story concerning the bankruptcy of a Korean shipping company called Korean Lines (“KL”) .
My friend made the following points on this development:
- KL owns about 30 ships and manages another 120. As a result of the chapter filing almost all of these ships are coming back onto the spot market. The KL financial status was known by many insiders (bankers/brokers/shippers). This was a contributing factor in the big run off of the Baltic Dry index recently.
- Spot shipping rates have nowhere to go but down as a result.
- The Chinese ship construction schedule will bring many new ships into service this year. This will depress rates further. Cargo ship asset values are falling.
- Some banks will take big losses. Other shipping companies like KL are now on the edge.
- The dry bulk cargo industry has crossed (once again) from boom to bust.
This is just one man’s opinion. He happens to own a dozen vessels.
Egyptian Protests Intensify, as Clashes Spread Across The Middle East
Security forces shot dead a Bedouin protester in Egypt's Sinai region on Thursday, bringing the death in the three days of protests to five. Police in Suez fired rubber bullets, water cannon and tear gas at hundreds of demonstrators calling for an end to the 30-year-old rule of Hosni Mubarak, the Egyptian president. Protesters chucked rocks and petrol bombs at police lines. In Ismailia, hundreds of protesters clashed with police, who dispersed the crowds with tear gas. Like in many other countries in the region, protesters in Egypt complain about surging prices, unemployment and the authorities' reliance on heavy-handed security to keep dissenting voices quiet. The protests are inspired by Tunisia, where a democratic movement recently overthrew the government.
Egyptian Nobel laureate Mohamed ElBaradei announced on Thursday he was returning to Egypt to join the protests. "Tomorrow is going to be, I think, a major demonstration all over Egypt and I will be there with them," he said. Mr Baradei, who won the Nobel peace prize for his work as head of the UN's nuclear agency, called on Mr Mubarak to leave office, saying "he has served the country for 30 years and it is about time for him to retire."
His arrival could spur protesters who have no figurehead, although many activists resent his absences in recent months.
"Our government is a dictatorship. A total dictatorship," said Mohamed Fahim, a 29-year-old glass factory worker, as he stood near the charred skeleton of a car.
Riots In Lebanon
Spain's Jobless Rate Surges to 20.33%
Protests In Yemen
Thousands Of Jordanians March to Press for Reform
Thursday, January 27, 2011
More Reason To Buy Gold/Silver: CBO Baseline Shows Staggering Debt
This more realistic “current-policy” budget baseline reveals a ten-year deficit of $13 trillion. The annual budget deficit never falls below $1 trillion, and reaches $1.9 trillion by 2021. At that point, the $25 trillion debt would exceed the size of the entire economy – and even that assumes a return to peace and prosperity.
These deficits are driven by spending. Even if all the 2001 and 2003 tax cuts are made permanent, tax revenues (historically 18.0 percent of GDP) would climb to 18.4 percent by 2021. Yet federal spending (historically 20.3 percent of GDP) is projected soar to 26.4 percent by 2021. By that point, 100 percent of rising long-term deficits will result from above-average spending. There is no long-term revenue decline.
More Here..
By Unanimous Vote, FOMC Intent On Driving The Dollar Off The Cliff
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By Unanimous Vote, FOMC Intent On Driving The Dollar Off The Cliff
My 13 Reasons Why Gold Still Has Further to Go
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Grocery Prices Skyrocket Faster Than Official Inflation
(NaturalNews) Grocery prices increased at more than 50 percent the rate of inflation in 2010, according to data from the U.S. Bureau of Labor Statistics.
Food prices increased an average of 1.7 percent between November 2009 and November 2010, in comparison with a general inflation rate of only 1.1 percent. The greatest price increases were seen among meat, poultry, fish and eggs, which went up in cost by 5.8 percent. The price of sugar and sweets increased 1.2 percent, the price of fats and oils increased 3 percent and the price of dairy-based products increased 3.8 percent.
The only commodities to go up in price more than food were medical care and transportation.
"I noticed just this month that my grocery bill for the same old stuff -- cereal, eggs, milk, orange juice, peanut butter, bread -- spiked $25," said Sue Perry, deputy editor of "ShopSmart" magazine. "It was a bit of sticker shock."
Gerald Celente: Internet Nuke Bomb Waiting To Go Off
Gerald Celente, the founder of the Trends Research Institute, believes that the Internet will empower the youth of the world to unite to start a revolution that will overthrow the existing deadlocked elitist establishment. He predicts that in 2011 every citizen is going to realize that the Great Recession the world has been living through is actually a Great Depression, because the American establishment is "running out of schemes."
Wednesday, January 26, 2011
A Decade Of Progress Wiped Out By Financial Policy
An excerpt from Bob Chapman's weekly publication.
(snippet)
Safety deposit box holders and depositors are not given advanced notice when failed banks shut their doors.
If people have their emergency money in a safe deposit box or an account in a bank that closes, they will not be allowed into the bank to get it out. They can knock on the door and beg to get in but the sheriff’s department or whoever is handling the closure will simply say “no” because they are just following orders.
Deposit box and account holders are not warned of the hazards of banking when they sign up. It is not until they need to get their cash or valuables out in a hurry that they find themselves in trouble.
Rules governing access to safe deposit boxes and money held in accounts are written into the charter of each bank. The charter is the statement of policy under which the bank is allowed by the government to do business. These rules are subject to change at any time by faceless bureaucrats who are answerable to no one. They can be changed without notice, without the agreement of the people, and against their will. People can complain but no one will care because this is small potatoes compared to the complaints that will be voiced when the executive order that governs national emergencies is enforced.
That order allows the suspension of habeus corpus and all rights guaranteed under the Bill of Rights.
A look at the fine print of the contract signed when a safety deposit box is opened reveals that in essence the signer has given to the bank whatever property he has put into that deposit box. When times are good people will be allowed open access to their safe deposit box and the property that is in it. This also applies to their bank accounts.
But when times get really bad, many may find that the funds they have placed on deposit and the property they thought was secured in the safe deposit box now belong to the bank, not to them. Although this was probably not explained to them when they signed their signature card, this is what they were agreeing to.
During the Great Depression in the early 1930’s people thought that many banks were going to fail. They were afraid they would lose their money so they went in mass to take it out, in what is known as a run on the banks. The government closed the banks to protect them from angry depositors who wanted their money back. Throughout history, governments have acted to protect the interests of banks and the wealthy people who own them, not the interests of depositors or box holders.
Default At The Comex, Then Banking System Collapse?
(snippet)
There have been rumours that certain hedge funds and sovereign wealth funds are willing to take possession of all gold and silver. In gold it is the February month and in silver it is March. If this is true, the game is over as there will be a default at the comex which will bring on defaults at the SLV and GLD, and then a default at the Bank of England, and then all the banking system in the USA. I will be watching this closely.More Here..
Harvey Organ Reveals Scotiabank Bankster Activity in Canada
2010 American Eagle Silver Dollar
New-Home Sales in 2010 Fall to Lowest In 47 years
WASHINGTON (AP) -- Buyers purchased the fewest number of new homes last year on records going back 47 years.
More Here..
Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department said Wednesday. It was the fifth consecutive year that sales have declined after hitting record highs for the five previous years when the housing market was booming.
The year ended on a stronger note. Buyers purchased new homes at a seasonally adjusted annual rate of 329,000 units in December, a 17.5 percent increase from the November pace.
Still, economists say it could be years before sales rise to a healthy rate of 600,000 units a year.
Builders of new homes are struggling to compete in markets saturated foreclosures. High unemployment and uncertainty over home prices have kept many potential buyers from making purchases.
Home prices fell in November in 19 of 20 major cities measured by the Standard & Poor's/Case-Shiller index, and nine of those cities fell to their lowest point since the housing bust.
Economists expect prices will keep falling through the first six months of this year.
Tuesday, January 25, 2011
Evidence: The End Of The Dollar
(snippet)
China's Empty Cities Are Result of UN Agenda 21?
PHOTOS: Thousands Protest in Egypt
It is a reciprocal relationship, too. China now directly holds over $900 billion worth of eurozone national debt. In Greece, China is investing billions more as it attempts to build the Mediterranean port city of Piraeus into the “Rotterdam of the south,” and create a modern-day silk road linking Chinese factories with consumers across Europe and North Africa.
Most importantly, China has thrown its weight behind the euro.
In a recent trip to Europe, Vice Premier Li Keqiang did nothing less than transform Europe’s economic picture. Just as commentators were predicting the collapse of the eurozone, Li—a favorite to become China’s next prime minister—appeared to throw China’s $2.85 trillion worth of foreign exchange reserves into Europe’s breach, promising to be a committed and responsible long-term investor in Europe. icbc bank, China’s largest lender, quickly followed suit, announcing its intention to move full force into the eurozone. It will open its first-ever branches in France, Spain, Italy, Belgium and the Netherlands. It has already opened offices in Frankfurt and Luxembourg.
Li’s support is already paying dividends in Europe. With interest rates coming down from recent highs and successful debt auctions, Spain and Portugal got a welcome taste of what several billion euros’ worth of Chinese “sugar” can do.
Of course, it doesn’t come free. Li publicized China’s desire that the EU relax restrictions on high-tech exports to China and develop trade relations. In addition, China wants access to Europe’s defense companies.
Europe seems all too willing to do business. The EU’s Foreign Minister Catherine Ashton called for abolishing Europe’s arms embargo with China. Reportedly, American officials, who have to deal with a rapidly growing Chinese military presence in the Pacific, are furious.
What Will Replace the Dollar?
More Here..PHOTOS: Thousands Protest in Egypt
Donald Trump- Hypocrite, Elitist Tool and War Monger
Donald Trump’s fiery rhetoric is designed to appeal to middle America, who has been raked over the coals, in this worst downturn since the Great Depression. In fact, it almost sounded like a guy who is going to run for President. This interview is a trial balloon the Elite use to test ideas out to see how the public will respond. So get used to this type of talk because you are going to hear a lot more of it over the next 2 years.
I predicted this would happen at the beginning of the year in my 2011: Doom is Always 6 Months Away article.
China would have been a third world Communist cesspool, had it not been for our Elite empowering them..
| In fact all of our problems will be blamed on China. High interest rates… blame China. $5 gas… blame China. Bridge collapse… blame China. American Idol sucks… blame China. Erectile Dysfunction… blame China.Into the shadows laughing. It will infinitely easier for America to kill millions of Chinese than to admit that we have been lied to for decades by the Elite. Nowhere will you see the Elite’s faces for their decades of manipulation, abuse, and destruction of this once great country. |
What Donald Trump should be ranting about is his own Elitist class, that has created the China beast and more importantly has gutted America. China is not the cause of our problems, they are only the result of our problems. Our problems lie much closer to home and they are the very powerful Elite that control our paradigm.
China would have been a third world Communist cesspool, had it not been for our Elite empowering them..Payrolls Decrease in 35 U.S. States, Led by New York
Payrolls decreased in 35 U.S. states in December, while the unemployment rate rose in 20, showing the labor market recovery is slow to gather momentum.
New York led the nation with 22,800 job cuts last month, followed by Minnesota with 22,400 firings, and Florida with 17,900, figures from the Labor Department showed today in Washington.
The report is consistent with figures on Jan. 7 that showed a fewer-than-forecast 103,000 jobs were created nationwide last month even as unemployment fell. Federal Reserve policy makers meeting today and tomorrow are likely to reiterate a pledge to buy $600 billion in government securities through June to help lower unemployment and spur growth.
Real Estate Continues It's Crash
No real surprises here as the Case Shiller housing report shows continued declines in housing prices. The lack of government involvement, negative seasonal trends and generally poor fundamentals are resulting in continued home price declines throughout much of the country.
I don’t think this is any reason to panic, but it does increase the risk that the recovery could become increasingly fragile. For now, I am still expecting stabilization in the middle portion of 2011 and then a general stagnation in the market.
More Here..
I don’t think this is any reason to panic, but it does increase the risk that the recovery could become increasingly fragile. For now, I am still expecting stabilization in the middle portion of 2011 and then a general stagnation in the market.
More Here..
Monday, January 24, 2011
Question: What Happens When QE2 Ends?
(snippet)
“What happens when QE2 ends?”World renowned gold expert Jim Sinclair said, “States and Municipalities can and will go broke. The economic impact will act to foil QE. That will result in QE to Infinity regardless of MOPE. (Management of Perception Economics) Therefore, Washington and the Fed will backdoor rescues by buying State & Municipal debt, a form of QE.”
Next is prolific writer and author James Howard Kunstler. He specializes in novels about fictional depictions of the post-oil American future. Here’s what Kunstler says about the end of QE2, “My guess is the Fed will find some other way to buy distressed securities or “investment-like” things. The models for that are the Maiden Lane portfolios (there’s more than one) which are stuffed with crap like bankrupt hotels. Yes, the Fed owns bankrupt hotels! If they don’t buy up what are essentially loans gone bad, the system sucks itself into a black hole of compressive deflation. That outcome is likely anyway, because the Fed won’t be able to keep up with loans gone bad.”
Rick Ackerman, professional trader and founder of the website and newsletter called “Ricks Picks,” says, “I don’t think there’s a snowball’s chance in hell that promiscuous easing will end, regardless of what the fraudulent successor to QE2 is called. The commentary running right now at Rick’s Picks says that easing in the form of a U.S. bailout of cities and states could become politically necessary as early as this year, although a decision to do so would trigger the worst run on the dollar in history. Look for the bailout to happen anyway, but in a way that tries to obscure the fact that it is being done with funny money. The subterfuge won’t work for long, since public workers will figure out quickly that unless their retirement benefits are indexed to inflation, they’re going to get paid in confetti.”
James Rickards is a heavyweight in the world of finance. He is an expert in Threat Finance & Market Intelligence. “What happens when QE2 ends?” Rickards says, “The Fed never said that QE2 would end; that’s a popular misconception but they never said it. What they said was that they would buy $600 billion of intermediate term Treasury securities by June 2011. They never said that was all they would buy. They never said they would stop. The comments were carefully worded so that $600 billion by June was a targeted minimum but they never said anything about a maximum; technically there is no maximum. The first QE program ended in 2010 and the economy immediately began to fall into a double dip.
In summary, all the experts I polled think QE Will Not End. That will surely mean an imploding U.S. dollar and exploding inflation. This is scheduled to happen by the end of June, making this the most predictable financial calamity in history.
More Here..
Very Interesting Video Of Animal Die-Offs Explained?
US Treasury Sec Admits US Default Imminent
- Note: One Year Chart of the Baltic Dry Index (left)
- Timothy Geithner, U.S. Treasury Secretary, admitted in a letter to congress dated January 6th, that the United States Treasury would be forced to default on its credit obligations without clearance from Congress to raise the amount of money that the treasury is allowed to borrow.
After citing a list of "extraordinary measures" Congress has had to resort to in the past to avoid entering a state of default, Geithner stated, "Once these steps have been taken, no remaining legal and prudent measures would be available to create additional headroom under the debt limit, and the United States would begin to default on its obligations. The extraordinary measures include, "suspending sales of State and Local Government Series (SLGS) Treasury securities; suspending reinvestment of the Government Securities Investment Fund (G-Fund); suspending reinvestment of the Exchange Stabilization Fund (ESF); and determining that a "debt issuance suspension period" exists, permitting redemption of existing, and suspension of new, investments of the Civil Service Retirement and Disability Fund (CSRDF).
- That the United States has already defaulted on its obligations is beyond dispute, at this point, as its the rate at which its debt service obligations is growing exceeds the rate at which the United States GDP could possibly grow, meaning that without drastic cuts to government spending, the debt can only continue to grow.
Before our very eyes, the so-called leadership of the world's largest economy is intentionally bankrupting the country and devaluing its currency in what can only be a precursor to rampant inflation.
Water, Not Oil Could Soon Become the World’s Greatest Catalyst For Conflict
FEMA Requests Information on the Availability of 140 Million Packets of Food, Blankets, and Body Bags
UPDATE: The Department of Homeland Security is also looking for a vendor that can supply “various fuels in support of disaster relief.”
DHS specifically cites the states that it will be needed in. North Carolina, South Carolina, Louisiana, Texas, Alabama, Mississippi, Georgia, and Florida. That’s right, the Gulf of Mexico.
FEMA is also looking for Hydration Supplies for a disaster in the New Madrid Fault System just as they are looking for food, blankets, and underwater body bags.
I want to start out by stating the importance of an article such as this as well as the importance of NOT jumping to conclusions or doing irrational things out of fear caused by the actions of FEMA. I believe that one of the major powers of FEMA is the fear that it instills in people who consider themselves awake
More Here..
More Here..
Sunday, January 23, 2011
Great Depression, Debt and Economic Decline: Ireland, Portugal, Greece, US, UK
We have two economic and financial Americas, one of poverty and advancing poverty and one of sumptuous wealth. The top 20% own 93% of financial assets, which could be the seeds of upheaval. The average family is one or two weeks away from starvation and debt collapse. How do you make up the difference working 34.3 hours a week as gasoline rises from $2.50 to $3.50 a gallon and the price of food advances 50%? If you do not own gold and silver related assets to offset these increases you are just plain screwed. If QE2 isn’t translating into recovery then QE3 is fast on the way. It will be kicked off later this year or in 2012. It won’t work either. Throwing money at a problem never has a positive desired result. Even though other nations have problems the dollar will remain under pressure. The gauge should not be the USDX. It should be every currency versus gold and silver, which are the only meaningful yardsticks. For two years gold and silver have been propelled by a flight to quality. A primary fight between gold and the dollar, which obviously gold has won hands down and will continue to do so. Inflation hasn’t even entered the equation yet, but it will this year and next. That will cause gold and silver to roar to the upside along with gold and silver shares. The elitists who control government are about to lose another battle and in the end the war against gold and silver.
Since 2000, when we began recommending gold and silver related assets after having exited the stock market in early April, the market is down about 80% versus gold. That means the only reliable guide to value is gold, not the dollar. The dollar has dropped from 13.80 Mexican pesos to 12.00 in a year. Mexico is considered a second world nation and its currency is appreciating versus the dollar. That is becoming typical and will continue to be so. The Mexican economy will grow 4% in 2011, and will have 4% inflation, far better results than in the US, and Mexico has not stimulated its economy. Not only do we have the dollar falling 20% versus gold annually, but also we have the dollar falling versus inferior currencies. That means creditors of US Treasuries are receiving a negative return of over 6%. What can they be thinking of? This is a form of default. Even with these conditions the stock market reflected by the Dow will probably trade between 10,000 and 13,500, while gold and silver again gain a real 20% plus, year after year, as long as budget deficits climb.
More Here..Dallas Fed President Attacks Ron Paul
American Arrested in Mexico for Carrying 150 Gold Coins; Coins Seized
Saturday, January 22, 2011
US Citizens To Work FOREVER: To Pay Off Imaginary Fraudulent Money Debt, Created By The Feds
The significant shift was tucked quietly into the Fed's weekly report on its balance sheet and phrased in such technical terms that it was not even reported by financial media when originally announced on Jan. 6.
But the new rules have slowly begun to catch the attention of market analysts. Many are at once surprised that the Fed can set its own guidelines, and also relieved that the remote but dangerous possibility that the world's most powerful central bank might need to ask the U.S. Treasury or its member banks for money is now more likely to be averted.
"Could the Fed go broke? The answer to this question was 'Yes,' but is now 'No,'" said Raymond Stone, managing director at Stone & McCarthy in Princeton, New Jersey. "An accounting methodology change at the central bank will allow the Fed to incur losses, even substantial losses, without eroding its capital."
10,000 Cattle Dead In Vietnam: Cows, Buffalo Part Of Mass Die-Off
In the latest of a string of mass animal deaths, 10,000 cows and buffalo have died in Vietnam.
Vietnam's Ministry of Agriculture and Rural Development confirmed the news this week that more than 10,000 cows and buffalos died nationwide due to harsh weather conditions.
Cattle have been dying throughout Vietnam, which has had a particularly intense winter. The northern mountainous province of Cao Bang was hardest hit with 2,260 dead cattle, per Thanh Nien News. Some have said the number of total dead cattle may be as high as 13,000.
Mass animal deaths have been in the news quite a bit lately. Hundreds of birds were found dead in South Dakota early this week, and before that birds were found dead in Italy and birds fell from the sky in Arkansas, among other incidents.
More Here..
Vietnam's Ministry of Agriculture and Rural Development confirmed the news this week that more than 10,000 cows and buffalos died nationwide due to harsh weather conditions.
Cattle have been dying throughout Vietnam, which has had a particularly intense winter. The northern mountainous province of Cao Bang was hardest hit with 2,260 dead cattle, per Thanh Nien News. Some have said the number of total dead cattle may be as high as 13,000.
Mass animal deaths have been in the news quite a bit lately. Hundreds of birds were found dead in South Dakota early this week, and before that birds were found dead in Italy and birds fell from the sky in Arkansas, among other incidents.
More Here..
55 Buffalo Die Mysteriously on Southern Cayuga County Farm
California Declares Fiscal Emergency
Where the influential people meet and talk:
"The Economist" and The Bilderberg Group
Friday, January 21, 2011
Predictions for 2011: Bullion Bulls Canada
It’s once again time for the obligatory “predictions” for the upcoming year. With the world being a crazier and more chaotic place than ever, such an exercise is inherently masochistic. However, being a good sport, I’ll peek into my own crystal ball and attempt to decipher my vision for the future.
In keeping with tradition, I must first review my predictions for 2010 (here’s where the masochism comes into play). As I attempt to “explain” how and why the world did not unfold as I predicted one year ago, two themes come into play: in one respect, I simply overestimated the speed at which events would progress in 2010; while in the other, I grossly underestimated the human capacity for stupidity.
More Here..I expected civil unrest in the U.S. in 2010 (as did the U.S. government when it illegally deployed a unit of the U.S. Army on American soil) due to the widespread recognition that the “U.S. economic recovery” was nothing but a propaganda hoax. Instead, placid American sheep went through all of this year still acquiescing to the delusion that the U.S. economy is “growing”.
Part of the reason I expected the non-existent U.S. “recovery” to be acknowledged is that I considered this the only way that the U.S. government would be able to justify throwing “more than $1 trillion” at the U.S. economy, in attempting to reanimate this corpse. I was wrong here. While the Obama regime threw $800 billion at the U.S. economy (in extending tax-cuts for fat cats), and Bernanke threw another $600 billion at the economy (via more “QE”), these two colossal frauds did so while managing to avoid admitting that all of their rhetoric about a “U.S. economic recovery” was nothing but shameless lies.
How the Financial Elite Have Dismantled The American Middle Class
The U.S. economy is now operating like a finely tuned engine bent on dismantling the middle class and protecting the tiny elites in our nation that have learned to manipulate both political parties to their financial benefit. This did not occur over night but started in the 1970s when the U.S. government and investment banks juiced up the nation with deficit and debt spending. A single family cannot go into debt for a very long time without consequences but a rising housing market hid much of the inequality developing in our system for a very long time. It was an illusion of stability. The top 1 percent in our nation now control 43 percent of all financial wealth. These are levels not seen since the years before the Great Depression consumed the global economy. The fact of the matter is the top 1 percent has massively gained in real financial terms because of political maneuvering and selling out the middle class. Since these people protect their wealth through investment banks and tax breaks politicians have not dared touch these sacred cows or even asking banks to pay for their decades of personal irresponsible lending. In the end the elite have created a system where the working and middle class are paying for their own demise.
“(UK Guardian) A homeless encampment known as Tent City, in Sacramento, California, in 2009. Since the 1970s, real wages stopped growing and the gap between rich and poor expanded as the US economy slowed down after decades of growth. Photograph: Rich Pedroncelli/AP”More Here..
China Devalues US Buying Power By 30%
The trade imbalance between the US and China, a hot button between the nations for the last decade or so, is finally going to start to stabilize in the summer of 2011. However, it is doing so with a de facto devaluation of the US dollar and its buying power. The average American will see a spike in the price of everything from their favorite jeans and T-shirts, to the cost of some electronics.
The Chinese have decided to devalue the US dollar’s buying power, without devaluing the US Treasury holdings they hold. It is an elegant solution to their issues. It will be interesting to see if they can pull it off, while they try to prop up the European Sovereign debt markets at the same time.
The Chinese are attempting, successfully so far, to introduce the Yuan as a global currency in which to settle international trade. China is pumping into its own internal currency markets so much liquidity, they need an export market to develop for the Yuan or their own internal markets will overheat.
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