FEMA Orders 1 Billion Worth Of Dehydrated Food?

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Food Storage

Terror threats appear to be on the rise as FEMA has rushed a $1 Billion order of dehydrated food in the event of attacks on domestic targets in the US.

This is also coming on the heels of one of the largest terror drills performed by the US Navy on American soil, as Operation Solid Curtain is taking place this week.

In an article Tuesday from the Beaufort Observer, many of the largest suppliers of dehydrated foods in the country are dropping their distributors and customers to dedicate their resources to supplying a billion dollar FEMA request and purchase.

One of the nation's largest suppliers of dehydrated food has cut loose 99% of their dealers and distributors. And it's not because of the poor economy. It's because this particular industry leader can no longer supply their regular distribution channels. Why not? Because they're using every bit of manufacturing capacity they have to fulfill massive new government contracts. Look, the government has always been a customer of the industry to some extent. But according to our sources, this latest development doesn't represent simply a change of vendor on the government's part. It's a whole new magnitude of business.

And that's not all 

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Are You Prepared For a Food Shortage?

The Market Is Telling Us That The Dollar Is Finished

 (snippet)

Clearly the dollar was beginning to fall out of favor.


Fast forward to today. Mubarak. Gaddafi. Khalifa. Al Said. Ben Ali. Etc. There is no shortage of turmoil right now... yet we are seeing the dollar get clobbered while gold, silver, and smaller currencies like the Swiss franc rise. This represents a major shift in the way that the market views risk.

It's true that nothing goes up or down in a straight line... but long term, the market is telling us that investors are washing their hands of the dollar as a safe haven asset.

So what happens from here?

In the long run, the law of one price will prevail; the US dollar cannot become so cheap relative to other currencies that a multimillion dollar home in Malibu only costs the equivalent of six month's wages in Switzerland... or that a new Corvette equals the price of an electric bicycle in Singapore.

Foreigners will swoop in and mop up US inventory long before that happens, not to mention foreign governments will manipulate their own currencies in order to avoid missing out on a 300 million-strong consumer market.

We're already seeing this now as the ridiculous game of international capital controls tries to masquerade as a free market. I suspect the regulatory environment will only worsen as the political lemmings follow one another off the cliffside.

(yes I know it's a myth, but so is the notion of fiat currency as sound money...)
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March 11: Day Of Rage

Poverty and joblessness are prompting protest in the kingdom, writes FINIAN CUNNINGHAM in Manama

THE POPULAR uprisings across the Middle East are sparking similar unrest in the Kingdom of Saudi Arabia, with youth groups and workers in that country now calling for a “day of rage” demonstration in the capital, Riyadh, on March 11th.

Already there have been protests in the city of Qatif and other towns in the country’s oil-rich Eastern Province demanding, among other things, the release of political prisoners and a raft of social reforms. There are also reports of prominent Shia clerics being detained by the Saudi Sunni authorities, and security forces mobilising in anticipation of further protests.

Sadek al-Ramadan, a human rights activist in al-Asha, Eastern Province, said: “People here are watching closely the protest movements across the region, which are tapping into long-held demands for reforms in Saudi Arabia.” Al-Ramadan said that there are “deep frustrations” in Saudi society over high levels of poverty, unemployment, poor housing and perceived widespread corruption among the rulers of the world’s top oil exporter whose gross domestic product last year is estimated at $622 billion.
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The Extraordinary Events in the Middle East and the Coming Global Tsunami

Madoff: Entire U.S. Government a `Ponzi Scheme'

Gov. Perry: $100 a Barrel Oil? Try $200, $300

The uncertain situation in the Middle East could send world oil prices to $200 or $300 a barrel even as the Obama Administration fails to promote domestic energy development, Gov. Rick Perry (R-TX) warned today.
Gov. Perry spoke to bloggers at a briefing in Washington, D.C., this morning. (Present were Rob Bluey of the Heritage Foundation, Jen Rubin of The Washington Post, and your Shopfloor.org correspondent.) The governor, who is chairman of the Republican Governors Association, is in town for the winter meeting of the National Governors Association.
In light of oil crossing the $100 a barrel price this week, we asked about the Obama Administration’s policies and attitudes toward development of domestic energy. The governor responded:

Gov. Rick Perry

Putting America’s future at jeopardy by basically hand-cuffing ourselves because of our lack of focus on domestic energy policy I think is devastating to the future.You said hundred-plus-dollar-a-barrel oil. Yes. That’s today. It certainly could go to $200 or even $300 a barrel if the situations in the Middle East – Libya, into Syria, Jordan, Iraq, Iran, Saudi Arabia, Yemen all of those countries – if we’re to see continued deterioration of peaceful conducting of business in the drilling and transportation of oil….
I don’t think it’s out of the reach of possibility to see oil even twice or three times what it is today –- devastating to the world economy.
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From Multiple Sources: Oil is ****ED Middle East in forum [Rumors]

Libya mostly, but not exclusively. Rumors have been coming from all over on this one. Well and pipeline equipment looted, things like generators either looted of parts or STOLEN OUTRIGHT, tankers refusing to dock for fear of being swarmed (by God-knows-who, including potential refugees), etc. If you're trading oil be very, very careful. To say this situation is fluid would be the understatement of the decade. And if you think you're getting the straight story from "official sources" - you're not.

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Asia Freight Traffic Collapsing

We're Rapidly Approaching the Crisis to Which 2008 Was a Warm Up

(snippet)
Thus, the BIG question for US stocks is whether the market has already digested all the QE hype to the point that threats of additional liquidity does nothing, OR if the Bernanke “Put” is still in play.

While this might not seem like a big deal, I can assure it is THE most significant issue the financial markets face right now. The reason for this is that IF the Bernanke “Put” is no longer relevant, that is additional liquidity and bailouts, doesn’t actually induce a rally anymore… then the entire financial system will collapse in one form or another.

Remember, the only thing that pulled us from the brink in 2008 was Bernanke printing like a lunatic. It’s the ONLY thing that has held the market together. And while it may have kicked off a major rally in stocks… it FAILED to address the underlying issues that caused the Crisis in the first place: namely excessive debt and leverage.

In fact, Bernanke has made the financial system even MORE leveraged than it was in 2008. So if the Fed’s moves no longer have an effect on the markets, then it’s time for the REAL Crisis… the Crisis to which 2008 was a warm up.

Why?

Because when the stuff hits the fan this time around, the Fed will be powerless to do anything. Bernanke’s already shot every bullet he’s got. So when he loses control this time around, not only will the market crater, but the belief that has kept the financial system afloat through every Crisis of the last 30 years (namely that the Fed can always save the day) will shatter.

And when that happens it will be the US financial system, NOT just stocks that goes down.

Prepare Now!

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How to Treat Skin Cancers With Eggplant & Vinegar

UK: Anti-cuts Activists Opposed to the Bank Bailout occupied 40 Branches Across the Country on Saturday

Libyan Rebels Gear Up for Fight in City Near Capital  

Anti-Government Protests Break Out In Lebanon

“When The Money Stops Flowing Down to the Man in the Street, The blood starts flowing in the streets.”

Trend forecaster Gerald Celente, of the Trends Research Institute, says that the further expansion of government austerity measures and impoverishment of the majority of the world’s populace will lead to more violence, riots and revolutions.
In his latest Trend Alert® to subscribers, Celente discusses the revolutions breaking out in the middle east and provides a different reasoning than mainstream pundits and politicians for why it is happening and why it will spread to Europe and the US:
As we wrote before Tunisia and Egypt erupted, the outbreaks would go global and the reasons behind the unrest would be more about bread and butter issues than politics. As economies decline, unemployment rises, taxes are raised and services cut – while those at the top get richer and most everyone else gets poorer – revolutions will continue to spread.
But that’s not the way it’s being represented by the same people who didn’t see it coming. The media, pundits and politicians have misrepresented the historic geopolitical events that have occupied the news since the onset of the New Year. Virtually overnight, the revolutions have been glorified as courageous fights for freedom and liberty by democracy-hungry-masses.
But it is not hunger for democracy that drives them. Democracy, autocracy, theocracy, monarchy – right, center, left – it is mostly a gut issue…an empty gut issue. When the money stops flowing down to the man in the street, the blood starts flowing in the streets. It’s a simple equation. A few at the top have too much, and too many others have too little.
What’s Next...
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1000s Die In Libya, Gaddafi Uses Poison Gas

Libya's deputy ambassador to the UN says thousands of people have been killed during protests, as unconfirmed reports have come in claiming the regime has used poison gas on demonstrators.
Ibrahim Dabbashi, who has turned against the Gaddafi regime, said the death toll is expected to rise as Muammar Gaddafi continues his bloody crackdown against the opposition.

"There are already thousands of people who have been killed, we expect more. They are gathering all the bodies and they are taking them to the desert or somewhere. No one knows where are the bodies of the victims," AFP quoted Dabbashi as saying.

His comments came ahead of a UN Security Council meeting on the crisis in Libya.

Dabbashi said the "psychologically unstable” Gaddafi has the choice between being killed or committing suicide. “He might seek to send some of his family members abroad but I believe he prefers to die in Libya because of his narcissistic character, he wants to act like a hero."
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US Growth Estimate in Surprise Downward Revision

The Rise in Sea Level of the Mediterranean is Accelerating

Either I Rule You Or I Kill You

Abdurrahman Shalgam, an ally of Gaddafi since the pair were teenage radicals in the late 1950s, compared the leader's actions to those of Pol Pot and Hitler and backed the protesters in Tripoli.

In an emotional speech to the UN Security Council in New York, Mr Shalgam, who had previously remained loyal, said: "Muammar Gaddafi is telling the Libyans 'either I rule you or I kill you'." He told the 15 members of the council, who are considering an Anglo-French plan for sanctions against the Gaddafi regime: "We need a courageous resolution from you".

Outside the chamber, he gave another speech in which he pleaded for the outside world to do something "within hours, not days" to stop the bloodshed in the country.

Mr Shalgam said Gaddafi had lost the support of "90 per cent" of his diplomats and predicted further revolution in the middle-east.

"Slavery and the rule of one person is finished – it's finished," he said

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Emergency! Pathogen New to Science Found in Roundup Ready GM Crops?

An open letter appeared on the Farm and Ranch Freedom Alliance founded and run by Judith McGeary to save family farms in the US [1, 2].  The letter, written by Don Huber, professor emeritus at Purdue University, to Secretary of Agriculture Tom Vilsack, warns of a pathogen “new to science” discovered by “a team of senior plant and animal scientists”. Huber says it should be treated as an “emergency’’, as it could result in “a collapse of US soy and corn export markets and significant disruption of domestic food and feed supplies.”
The letter appeared to have been written before Vilsack announced his decision to authorize unrestricted commercial planting of GM alfalfa on 1 February, in the hope of convincing the Secretary of Agriculture to impose a moratorium instead on deregulation of Roundup Ready (RR) crops.
The new pathogen appears associated with serious pervasive diseases in plants - sudden death syndrome in soybean and Goss' wilt in corn – but its suspected effects on livestock is alarming.  Huber refers to “recent reports of infertility rates in dairy heifers of over 20%, and spontaneous abortions in cattle as high as 45%.”
This could be the worst nightmare of genetic engineering that some scientists including me have been warning for years [3] (see Genetic Engineering Dream or Nightmare, ISIS publication): the unintended creation of new pathogens through assisted horizontal gene transfer and recombination.
Huber writes in closing: “I have studied plant pathogens for more than 50 years. We are now seeing an unprecedented trend of increasing plant and animal diseases and disorders. This pathogen may be instrumental to understanding and solving this problem. It deserves immediate attention with significant resources to avoid a general collapse of our critical agricultural infrastructure.”
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Florida Sen. Rubio Warns of U.S. Debt 'Death Spiral'

Federal Reserve Causes Middle East Unrest And Food Shortages

Libya Now, Iran Then: How Close Are We to 1979?

Today, the UK’s Telegraph is reporting that British government drones in Whitehall are figuring out the legal means to seize Muammar al-Gaddafi’s assets in Britain, which are said to total some £20 billion. 

Notice that’s pounds sterling—the equivalent of US$32 billion: Enough cash to plug up California’s and New York State’s deficits, and still have enough left over for a very respectable weekend at The Palms in Las Vegas. 

That these assets are going to be seized is, according to the story, a done deal: The only issue seems to be the legal means by which to do so—

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The Silver Bullet And The Silver Shield

Royal Canadian Mint Now Saying It’s Difficult Securing Silver

With continued reports of booming sales and tightness in the silver market, today King World News interviewed Dave Madge director of sales at the Royal Canadian Mint. When asked if the RCM is having trouble acquiring silver Madge responded, “Demand right now for silver is through the roof and it shows no signs of slowing at this point. Sourcing silver is becoming very difficult. We are competing with a great many players when it comes to purchasing silver and many of these players are bidding the price higher.”

Dave Madge of the Royal Canadian Mint continues:

“Our advantage is that we have had long-term relationships with our suppliers and that has helped us in this situation. We have been able to leverage off of those relationships to get supply, but it still remains a big challenge sourcing material. We’re looking at ways of mitigating our risk regarding supply of silver.

We are anticipating it to become even more difficult to secure supplies in the future. This is based on what we are seeing firsthand and what our suppliers are telling us. We work closely with these banks to secure silver and they tell us there is a lot of competition.”

When asked what this means for the price of silver and how long this condition is expected to persist Madge stated, “I think you are going to see the premiums go up in order to secure silver. At some point some players will be priced out of the market. I don’t think this is a short-term situation, I think there are a lot of issues going forward and this may be the new norm.”

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BMW To Pursue Hundreds For Massive Debts

BMW is pursuing hundreds of Australians in bankruptcy proceedings over luxury vehicles collectively worth up to $18 million, as dreams of enjoying opulent lifestyles crash.
The social aspirants now face losing their luxury vehicles and possibly their homes to repay massive debts to car financing giant BMW Finance.
The company took 226 Australians to court last year, up almost 37 per cent on the previous year, while overall national bankruptcy figures remained stable. A further 21 actions have been launched this year.
BMW Finance offers loans for all makes of luxury cars under several schemes, including a fixed instalment scheme that ends with a big "balloon", or final repayment.
One Victorian man owes the company $167,000, while a Queensland man owes $190,000 for a car loan he could not afford.

Read more: HERE..

India Done With The U.S. Dollar? 


CIA agent Raymond Davis 'had close links with Taliban'

Gaddafi Dead?

The U.S. government cannot confirm rumors circulating online that Libyan leader Muammar Gaddafi is dead, a senior U.S. official told NBC News, after oil traders cited a rumor that Gaddafi had been shot as reason for falling oil prices.

Rumors swirled Thursday that Muammar Gaddafi, pictured here speaking last week, had been shot.

Asked if Washington had reason to believe that Gaddafi, who is seeking to crush protests against his 41-year rule in the oil-exporting North African nation, was dead, the U.S. official, speaking on condition of anonymity, said: "No."

Traders also cited earlier reports that Saudi Arabia was in talks with European refiners to make up for the loss of Libyan crude and rumors of a possible release of U.S. emergency oil stockpiles as weighing on oil prices.

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US GIVES CHINA EMINENT DOMAIN OVER US?

USA DOUBLE CROSSED-SOLD OUT BY POLITRICKSTER CABAL
From Bob Chapman:
THIS PERTINENT SECTION BELOW OF THE INTERNATIONAL FORECASTER DATED WEDNESDAY, FEBRUARY 23, 2011, CONFIRMS A USA TENDER TO CHINA-A WRITTEN AGREEMENT GRANTING AN OPTION TO EXERCISE EMINENT DOMAIN WITHIN THE USA, AS COLLATERAL FOR CHINA'S CONTINUED PURCHASE OF US TREASURY NOTES AND EXISTING US 

CURRENCY RESERVES.

Put simply, the feds have now actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.

This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.

Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!
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Inflation: We Have Seen Nothing Yet

Reported inflation is headed higher  — much higher.
The stakes have seldom been higher.  With the unemployment rate still above 9%, and federal debt at record levels, this latest error by the monetary authorities is likely to be the most costly since the Great Inflation of the 1970s.  Monetary instability will slow employment growth and further erode confidence in government at the same time that higher interest rates will add billions of dollars to the interest cost on the national debt.  Yet, failure to act in a timely basis will lead to an even greater crisis.
When it arrives, the Federal Reserve and its defenders will call it “cost-push” inflation and blame it on economic growth, the weather, Arab sheiks, China, and perhaps greedy companies and labor unions.
The actual cause of the looming crisis is the same as the cause of the Great Inflation of the 1970’s:  a too easy monetary policy that has devalued the dollar by 40% against gold during the past two years.

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Starving Eagles ‘falling out of the sky’

When David Hancock saw the bald-eagle count on the Chehalis River drop from more than 7,000 to fewer than 400 over a few days in December, he knew a crisis was coming.
Earlier this week, news reports that starving eagles were “falling out of the sky” in the Comox Valley, on Vancouver Island, confirmed his fears.
Wildlife rescue centres on the Island have reported birds growing so weak from hunger that they fall out of trees, or fly so clumsily they hit things. One crashed into a roof.
Mr. Hancock said a collapse of chum salmon runs has left British Columbia’s bald-eagle population without enough food to make it through the winter, leaving them weak from hunger and forcing thousands of birds to scavenge at garbage dumps.
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More Unrest? Rhode Island Fires All Teachers

PROVIDENCE, R.I. -- The school district plans to send out dismissal notices to every one of its 1,926 teachers, an unprecedented move that has union leaders up in arms.
In a letter sent out to all teachers Tuesday, Supt. Tom Brady wrote that on Thursday the Providence School Board will vote on a resolution to dismiss every teacher, effective the last day of school.
In an e-mail sent to all teachers and School Department staff, Brady said, "We are forced to take this precautionary action by the March 1 deadline given the dire budget outline for the 2011-2012 school year in which we are projecting a near $40 million deficit for the district," Brady wrote. "Since the full extent of the potential cuts to the school budget have yet to be determined, issuing a dismissal letter to all teachers was necessary to give the mayor, the School Board and the district maximum flexibility to consider every cost savings option, including reductions in staff."
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Greece Violence: Viewers Discretion Is Advised

130 Libyan Soldiers Executed For Mutiny

Max Keiser: On Worldwide Revolts

Why a Stable Libya is So Important to OPEC and World Oil Production

Eric Sprott: "There Is No More Silver Left"

Oil Price Shock: Pandora's Box is Opened

Americans: 2011 Is Likely Your Last Year to Defect

Americans, in general, aren't aware of this but with few exceptions they are the most oppressed, controlled and freedom-less tax slaves (citizens) of almost any tax farm (country) in the world.  Sure there are a few worse ones.  North Korea, Venezuela and Iran come to mind and maybe a few dozen other "sovereign states" that you've never heard of.  But, really, we are talking the bottom of the barrel.
I just spent the weekend in Phoenix, a place I think I can quite fairly call a police state - not just because I was in handcuffs within hours of arrival but also because the local Sheriff, referred to by all the locals as Sheriff Joe, operates his own "tent city" which he actually is on record as calling his own private concentration camp.  A place where, if caught on certain crimes such as drunk driving you will be sent, without trial, for 30 days into the desert in a pink jumpsuit.
But that isn't why I consider Americans to be the most oppressed of all "first world" tax slaves.  The reason Americans are, by far, the most oppressed and controlled is because even if you leave the US you are still under control of the US Government and obligated to pay taxes in the US, for life, no matter if you never return to the US.  Even if you surrender your US passport, something which is highly recommended but difficult to do, they still claim a period of 10 years whereby they can tax you.  And that's not even to mention that it is illegal to leave the US in order to avoid paying taxes!
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Geithner Says World in Better Position to Handle Oil-Price Jump?

Public Debt is Like a Giant Ponzi Scheme

US About To Order Libya Invasion - Castro

CUBA and Nicaragua have sprung to the defence of embattled Libyan leader Muammar Gaddafi, with Fidel Castro claiming Washington plans to order a NATO invasion of Libya to seize oil interests.
"To me, it's absolutely clear that the Government of the United States is not interested in peace in Libya," said the 84-year old former Cuban leader, who still heads the Cuban Communist Party.
Washington, he said, "will not hesitate to give the order for NATO to invade that rich country, perhaps in the coming hours or days."

Read more: Here..

10,000 Dead In Libya, 50,000 Wounded

Oil $200 By March 20th?

With the facebook revolutions having claimed virtually every other country in the region, the time may be coming for that most important one of all. And if Facebook is to be relied on for its revolutionary calendar, a job it has so far done without reproach, the revolutionary wave will come to Saudi Arabia on March 20.That will also the day crude passes $200.
Also, instead of just announcing their rallying call, future protestors have listed their 12 demands:
1 – a constitutional monarchy between the king and government.
2 – a written constitution approved by the people in which governing powers will be determined.
3 – transparency, accountability in fighting corruption
4 – the Government in the service of the people
5 – legislative elections.
6 – public freedoms and respect for human rights
7 – allowing civil society institutions
8 – full citizenship and the abolition of all forms of discrimination.
9 – Adoption of the rights of women and non-discrimination against them.
10 – an independent and fair judiciary.
11 – impartial development and equitable distribution of wealth.
12 – to seriously address the problem of unemployment
Since none of these have a chance of going through in an absolute monarchy, things are about to get really hot.
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Homeland Security Urges Americans to be Ready

Farmers Fail to Meet Demand as Corn Stockpiles Drop to 1974 Low

The smallest corn inventories in 37 years are a sign farmers around the globe are failing to produce enough grain to meet rising consumption, even as planting expands and food prices surge.

Growers from Canada to Russia boosted annual output of wheat, rice and feed grain by 16 percent since 2000, not enough to keep up with the 20 percent gain in demand, U.S. Department of Agriculture data show. While a Bloomberg survey of 25 analysts shows the agency on Feb. 24 may forecast a 3.5 percent increase in U.S. corn planting, the government says world stockpiles will equal 15 percent of use, the lowest since 1974.

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Drought in China Adds Pressure to World Food Prices

Libyan Leader Says Protesters Should be Executed

Goldrunner: Fractal Analysis Suggests Silver to Reach $52 – $56 by May – June 2011

Dollar Inflation remains the driver of the pricing environment for almost everything denominated in U.S. Dollars as long as the Fed continues to monetize debt.  The debt monetization creates Dollar Inflation that results in Dollar Devaluation.  As the Fed ramps up the QE II that they have announced will end in June, I expect Gold, Silver, and the PM stocks to aggressively rise.
In previous articles I have shown that fractal analysis suggests that:

• Gold could reach $1860 into the May/ June period based on the late 70’s Fractal.  I have also shown the potential for Gold to rise even higher if the market psychology is volatile enough – up to $1975, or even up to $ 2250.
• The HUI at from HUI 940 to 970 by mid-June is a distinct possibility and we will discuss the fractal considerations for the PM stock indices further in the next editorial.
• Silver could reach $52 – $56 into May – June of 2011 as explained in this article.

Fractal analysis provides us with:

• decent target estimates in price and in time,
• decent reference points to keep us on track and, most importantly,
• decent expectations for the quality of potential price moves.

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Inflation Has Arrived Despite What the Fed Says  

David Rosenberg Warns of $200 Oil if Turmoil Hits Saudi Arabia

 

Baby Dolphins Dying In High Numbers In Gulf

GULFPORT -- Baby dolphins, some barely three feet in length, are washing up along the Mississippi and Alabama coastlines at 10 times the normal rate of stillborn and infant deaths, researchers are finding.

The Sun Herald has learned that 17 young dolphins, either aborted before they reached maturity or dead soon after birth, have been collected along the shorelines.

The Institute of Marine Mammal Studies performed necropsies, animal autopsies, on two of the babies today.

JAMES EDWARD BATES/SUN HERALD nstitute for Marine Mammal Studies research intern Rhiannon Blake takes tissue and organ samples from a male baby dolphin discovered on the beach in Gulfport on Monday.

Moby Solangi, director of the institute, called the high number of deaths an anomaly and told the Sun Herald that it is significant, especially in light of the BP oil spill throughout the spring and summer last year when millions of barrels of crude oil containing toxins and carcinogens spewed into the Gulf of Mexico.

Read: More Here..

Gaddafi's Son Seif Wounded in Gunfire

Starving N. Korea Begs for Food, But U.S. Has Concerns About Resuming Aid?

Global Revolution

Report: Libya Air Force Bombs Protesters Heading For Army Base?

Libyan military aircraft fired live ammunition at crowds of anti-government protesters in Tripoli, Al Jazeera television reported on Monday, quoting witnesses for its information.
A Libyan man, Soula al-Balaazi, who said he was an opposition activist, told the network by telephone that Libyan air force warplanes had bombed "some locations in Tripoli".

No independent verification of the report was immediately available.
The protesters were reportedly heading to the army base to obtain ammunition of their own, but witnesses said the air force bombed the demonstrators before they could get there.
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JP Morgan In Trouble? Silver Comex Default?

OWNERSHIP OF THE FEDERAL RESERVE

The Shocking Images That Prove the Bottom of the Gulf is STILL Dead and Coated in Oil

More Taxes

Which item do you think has the most federal taxes and fees attached to it: (1) a can of Budweiser, (2) a carton of Marlboro Reds, (3) a Smith & Wesson Centennial revolver, or (4) a roundtrip airline ticket from Chicago to St. Louis?

If you guessed the beer, cigarettes, or gun, you'd be wrong. Federal taxes and fees tally up to about 5% for the beer, 18.2% for the cigarettes, and 10% for the revolver. But buying an airline ticket pushes the boundaries of government taxation, initiating a slew of taxes and fees most of us never knew existed -- a passenger ticket tax, a flight segment tax, a frequent-flier tax, a cargo waybill tax, a commercial jet fuel tax, and a 9/11 fee, just to name a few. I recently found a reasonably priced fare of just $151 for that roundtrip ticket to St. Louis. But tack on the fees and taxes and the total price came to $185.80, a markup of more than 20%.
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SILVER: A No Brainer

Worldwide Revolution Spreading?

BEIJING- Postings circulating on the Internet have called on disgruntled Chinese to gather on Sunday in public places in 13 major cities to mark the "Jasmine Revolution" spreading through the Middle East.

The calls have apparently led the Chinese government to censor postings containing the word "jasmine" in an attempt to quell any potential unrest.

"We welcome... laid off workers and victims of forced evictions to participate in demonstrations, shout slogans and seek freedom, democracy and political reform to end 'one party rule'," one posting said.

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Protesters were urged to shout slogans including "we want food to eat," "we want work," we want housing," "we want justice," "long live freedom," and "long live democracy."
Chinese authorities have sought to restrict media reports on the recent political turmoil that began in Tunisia as the "Jasmine Revolution" and spread to Egypt and throughout the Middle East.

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U.S Government Shutdown Imminent?

Another Video Here..

Major Crisis Coming: Beyond Any Experienced Since Great Depression

We are facing a tipping point.  There will soon be a crisis affecting US citizens beyond any experienced since the Great Depression.  And it may happen within the year.  This past week three awful developments put a dagger into the hope for a growth-led recovery, which held promise of possibly averting a debt and currency implosion crushing the American economy.

The first was a little-noticed, but tragic, series of events in the newly elected House of Representatives.  The speaker, Mr. Boehner, had given the task of fashioning the majority's spending cut agenda to Representative Paul Ryan (R-Wisconsin), a rising conservative star representing the vocal wing of fiscal conservatives in the House. Promising to cut $100 billion of government spending, Mr. Boehner spoke before the elections of the urgency to produce immediately when Republicans took control.

Out of a $3.8 trillion government spending agenda, the wonkish Mr. Ryan, considered by many to be the best hope for fiscal conservatives, revealed proposed cuts of a whopping $74 billion.  After some tense meetings, (referred to as a "revolt" by some media) newly elected conservative congressmen convinced the leadership to commit to unspecified cuts of an additional $26 billion. The actual "cuts" from any such legislation will, of course, be less once the appropriate political log rolling and deal-making are done- let's call it $50 billion (while the deficit grows by $26 billion during the week it takes to discuss it). So go the hopes for serious spending restraint from our newly elected wave of rabid, anti-big government Republicans. They may deliver cuts 1.3% of total spending that is itself approximately 90% greater than collected taxes.  Let's mark this spending reduction effort as an epic fail, at a time when epic success is almost required for survival.

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Fear of 'Catastrophic' Crash Rising Despite Bull Market

Bahrain Protesters: We Are Victorious

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“We are victorious!” they chanted as they marched back into the square that has been the headquarters for their revolt against the Sunni monarchy in the predominantly Shiite island nation.
They also chanted: “The people want the removal of the regime.”
President Barack Obama discussed the situation with King Hamad bin Isa Al Khalifa, asking him to hold those responsible for the violence accountable. He said in a statement that Bahrain must respect the “universal rights” of its people and embrace “meaningful reform.”
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Libya Internet Shut Down Amid Protests, Per Multiple Reports

Real Crisis Is Coming And It's Coming Fast

Forget stocks, the real crisis is coming… and it’s coming fast.

Indeed, it first hit in 2008 though it was almost entirely off the radar of the American public. While all eyes were glued to the carnage in the stock market and brokerage account balances, a far more serious crisis began to unfold rocking 30 countries around the globe.

I’m talking about food shortages.

Aside from a few rice shortages that were induced by export restrictions in Asia, food received little or no coverage from the financial media in 2008. Yet, food shortages started riots in over 30 countries worldwide. In Egypt people were actually stabbing each other while standing in line for bread.

We’re now seeing the second round of this disaster occurring in Egypt and other Arab countries today. Thanks to the Fed’s funny money policies, food prices have hit records. And even the Fed’s phony measures show that vegetable prices are up 13%!

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“We Owe How Much?”: Waiting for The Big Splatter

Last week, a bit of news came out that—weirdly—didn’t garner the attention or the reaction one would have thought it would: 

The U.S. Federal government deficit for fiscal year 2011 was revised to $1.645 trillion. That revision was up from the previous estimate of $1.4 trillion, which itself was a revision just a couple-three weeks ago by the Congressional Budget Office from the White House’s earlier projection of $1.267 trillion in December. 

The additional $378 billion in deficit spending comes from loss of tax revenue: Both from the fall in tax receipts due to the ongoing depression we’re experiencing, as well as from the idiotic budget deal with the Republicans, whereby the Bush-era tax cuts were extended. 

These deficit numbers are huge. Huge. HUGE. 

As for the total debt, as of January 2011, the U.S. Treasury had $8.965 trillion in outstanding securities, plus an additional $5.166 trillion in “non-marketable” securities—that is, intra-government debts. The total outstanding debt of the U.S. Federal government is $14.131 trillion. 

The U.S.’s gross domestic product in 2009 was $14.29 trillion.

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Martin Armstrong, Feb 15th: Government Is On The Brink Of Collapse


The Next 17 Big Companies That Are Heading Toward Bankruptcy 

Silver Rises to 30-year High as Mints Start to Ration Coins

“We have sold everything we can produce in silver and have demand for at least twice that volume,” said David Madge, head of bullion sales at the Royal Canadian Mint, which produces the silver Maple Leaf coin. Silver coin sales at the US Mint and the Austrian Mint also hit record levels in January.
The surge of buying has both boosted silver prices and helped push the market into “backwardation” – an unusual condition in which forward prices are lower than prices for immediate delivery. While investors are buying, miners have been selling their future silver production to lock in gains, which has depressed long-dated futures prices.
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Life Savings Gone: Man Robbed Of 750K Of Silver

A Chilliwack man says he is traumatized after he was punched, stabbed and tied up by home-invading thieves who made off with his life savings in silver bars.

The two thugs, wearing what he described as fake police uniforms, unloaded a vault and spirited away with $750,000 in silver the man had bought as an investment last year.

The 52-year-old victim, still shaking after the robbery at his Imperial Street home on Feb. 9, now wonders who among his friends or acquaintances is behind the brazen midday theft.

“Obviously some friend, or friend of a friend, or friend of a family member was told and they leaked it to the wrong people,” he said.
(snippet) 

“When I bought it in January a year ago some people said. ‘You are crazy,’” he said. “It turns out that it really was one of the best investments I’ve ever made.”

The man, a former professional, wouldn’t say how much he had paid for the bullion, though $750,000 in silver bullion was worth about $415,500 this time last year.

A bank refused to store the silver, he said, because it was too big.

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China and Russia Sell US Treasuries

Saudi Prince Talal Warns of Uprising Threat

"We're Poisoned. We're Sick."

 

DOLLAR ON THE EDGE OF THE ABYSS

The dollar is now poised on the edge of the abyss.

The current intermediate cycle has rolled over and is making lower lows and lower highs. The current daily cycle has formed a swing high and is in jeopardy of rolling over into a left translated cycle. If the dollar breaks below the November intermediate bottom of 75.63 it will be an incredibly bearish sign as not only will the current intermediate cycle have topped in only 4 weeks but the larger yearly cycle will also have topped in only 4 weeks.

If that happens there is little chance the dollar will be able to hold above the March 08 lows as the crash down into the three year cycle low begins in earnest.

This will not only drive the final leg up in gold's huge C-wave it will also drive a huge spike in inflation in all other commodities. Food riots world wide will intensify. The rest of the world will be in an uproar over the collapsing dollar. Spiking commodity prices will collapse discretionary spending just like it did in 08 and 09.

The phony economy driven by Ben's printing press will roll over when he's forced to turn off the presses to halt the dollar collapse. (Just like it started to do last summer when QE ended and the stock market started to collapse.)

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Canadian Debt Over 100,000 Per Person 

China sees 'Explosive' Investor Demand for Gold

ECONOMIC END GAME BY JULY

10 Charts That Will Convince You The U.S Is Near Extinction

The 10 economic charts that you are about to see are completely and totally shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won't do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily demonstrate what has been happening to the economy over an extended period of time.  As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years.  The truth is that what is wrong with the U.S. economy is not a great mystery.  All of the economic problems that we are experiencing now have taken decades to develop.  Hopefully the charts in this article will help people realize just how nightmarish our economic problems have become, because until people start realizing how incredibly bad things have gotten they will never be willing to accept the dramatic solutions that are necessary to fix our financial system.

The sad fact of the matter is that we have been living in the biggest debt bubble in the history of the world over the last 40 years. 

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U.S. Government Shuts Down 84,000 Websites, ‘By Mistake’

The US Government has yet again shuttered several domain names this week. The Department of Justice and Homeland Security’s ICE office proudly announced that they had seized domains related to counterfeit goods and child pornography. What they failed to mention, however, is that one of the targeted domains belongs to a free DNS provider, and that 84,000 websites were wrongfully accused of links to child pornography crimes.

As part of “Operation Save Our Children” ICE’s Cyber Crimes Center has again seized several domain names, but not without making a huge error. Last Friday, thousands of site owners were surprised by a rather worrying banner that was placed on their domain.

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TUNISIA: PRESS, BEN ALI IN A COMA 

Why Isn't Wall Street in Jail?

 

Collective Financial Insanity – FDIC Backing $5.4 Trillion in Total Deposits on Pure Faith

People psychologically are programmed to believe in financial realities that benefit their own cause even if they have no merit in empirical data.  Many also forget that banks, especially the investment kind have a notorious track record of running amok when allowed to.  The FDIC and US banking is a perfect example of a system built on nothing more than faith.  Currently the FDIC insures individual deposit accounts up to $250,000.  Given that most average Americans only have $2,000 saved up this is rarely an issue.  However, FDIC insured banks have $5.4 trillion through insured deposits yet have a deposit insurance fund (DIF) that is in the negative to the tune of $8 billion.  Is this a Ponzi scheme you ask?  Not exactly but it shows that the entire financial edifice that we call US banking is built on largely a foundation of sand being held together by pure psychological confidence.  Just look at this chart below; as insured deposits grow the insurance fund actually dwindles:

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Silver Shortage This Decade, Silver Will Be Worth More Than Gold

Gold and Silver are Not Exhibiting Anything Remotely Like Bubble Behavior

How To Fake An Economic Recovery

Oil To Hit $300 A Barrel

Weeden & Co. oil analyst Charles Maxwell says oil prices are bound to move steadily higher during the next decade, eventually hitting $300 a barrel, regardless of whatever happens in Egypt.

Oil now trades around $85 a barrel, only a few dollars higher than a year ago. It has ranged between $50 and nearly $150 during the past five years.

An oilfield near Los Angeles.

Demand will inevitably outpace the ability of oil companies to create supply, Maxwell tells Barron’s in an interview. Most people get that without an expert telling them so, he said.

“In three or four years, will the ability to produce the extra barrels needed be met? The answer is increasingly a question mark, and that pushes higher and higher the present values of the oil in the ground and the desire of holders of oil to add to their supplies,” Maxwell said.

Maxwell notes that current production is 88 million barrels a day, to which he adds global capacity of another 5 million barrels a day. He predicts that capacity will peak in five years at 95 million barrels.

Read more: Analyst: Oil Will Hit $300 in a Decade, Regardless of Egypt

Shocked Homebuyers: You Have To Pay The Home Tax Credit Back

Uncle Sam has a reminder for some people who took advantage of the first-time homebuyer tax credit three years ago: He wants his money back.
Americans who bought homes in 2008 using the government’s tax credit will be required to start repaying the credit beginning with their 2010 tax return, according to the Internal Revenue Service.
In an odd twist, those who took advantage of a nearly identical tax credit in 2009 or 2010 will not be required to pay it back.
Under the terms of the 2008 tax credit, the credit must be paid back over a 15-year period, beginning with this year’s return.
That means anyone who took the maximum $7,500 credit will have to add $500 to their income tax liability for 15 years. If you sell your house before the 15 years are up, the entire tax credit bill will be due the year the house is sold.
The Internal Revenue Service describes the 2008 program as “like an interest-free loan.”
This may come as a shock to some people, who may have forgotten the terms of the so-called credit, which was really more of a tax deferral. The IRS said it is sending reminders.
“There will definitely be people that are going to be surprised by it,” said Sean M. Dowling, vice president of The Dowling Group in Stamford, Conn., and a certified financial planner.
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BEWARE! TSA Is Stealing From Passengers

Tomato Prices Soar

This winter's freezing weather is starting to have an impact at the grocery store.
"It's wreaking a little bit of havoc on the market," Oakes Farm Market Manager Eric Oakes said.
With so many crops killed off by the cold, produce shop owners are seeing tomato prices triple. Cases that usually cost $12-15 are up to $40.
Oakes says his market in Naples goes through 140 cases of tomatoes each week. He attributes the slow down in supply to freezing temperatures in Mexico.
"It doesn't look like this market is going to come down anytime soon" Oakes said. "I think it's going to be two or three weeks before we start maybe seeing a mild change in it."
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Silver is Approaching Stage Two of its Bull Market

'Kill Switch' Internet Bill Alarms Privacy Experts

"This is all about control, an attempt to control every aspect of our existence," says Christopher Feudo, a cybersecurity expert who is chairman of SecurityFusion Solutions. "I consider it an attack on our personal right of free speech. Look what recently occurred in Egypt."

USA Admits Adding Fluoride to Water is Damaging Teeth and Has Been a Big Experiment

Life Insurance Policies Taken Out On Employees

It's End Game: Dollar Is Gone, Currency Revaluation..

Inflation, Hyperinflation and Real Estate

Most people in the advanced economies—including most economists—really don’t have any idea what inflation and hyperinflation is. They don’t have a clue because they haven’t lived through it, or were children when it happened in the States and in Europe during the Seventies.

Wrong metaphor.

They think it’s nothing more complicated than a rise in prices that ripples through the economy—like a spectator in a football stadium who stands up, obliging the people sitting behind him to also stand up, so that they too can see the action on the pitch, which in turn forces the people behind them to stand up too, until finally, the whole stadium is up on its feet.

That’s what these people seem to think: Inflation—and the more severe hyperinflation—affects all goods and services and asset classes equally, in a rippling effect. Sort of like a rising tide.

Because of this very foolish fallacy, many economists and interested observers think that real assets—commodities, land, buildings, factories & machinery—all rise in price equally during an inflationary spell, whereas financial assets—bonds, stocks—uniformly fall.
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Clothing Prices to Rise 10 pct Starting in Spring

Debt Now Equals Entire US Economy