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Thursday, February 28, 2013
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WEDNESDAY, February 27, 2013
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James Corbett with Dr. Stan “The Austerity Conundrum”
James is on every Monday with Dr. Stan @ 7pm EST
World Market Update
By James Corbett
The Italian electorate has spoken, and their message is clear: austerity isn't working. Precisely what it is they think will work is not so clear, as the election has left the country with a hung parliament, split between a center-left lower house and a Senate with no clear winner. Surprisingly, Berlusconi's centre-right coalition squeaked out a popular vote win in the upper house, and even the political upstart Five Star Movement led by professional comedian Beppe Grillo beat Monti's centrist alliance. No one is sure what this means politically, but the markets know what this means for Europe: the Eurozone crisis is on again. Or, to be more accurate, the markets can no longer ignore the fact that the crisis never really went away.
Perhaps the only real surprise in this result is that the markets seem to have been taken by surprise. As a result, markets across the board were sent tumbling in the early part of the week, with the DJIA, S&P 500, EURO STOXX 50, FTSE 100, CAC 40, and every other major index in the Americas, Europe and Asia down across the board...What was that they were saying at Davos about Europe's tail risk having been eliminated?
To make matters worse, the European Commission released its 2013 forecast last Friday and all of the numbers were worse than expected. Last November, the EU had been predicting a 0.1% growth rate in Eurozone GDP; now, that's been chopped to a 0.3% contraction. Last year's unemployment estimate of 11.8% has been raised to 12.2%. The Commission's head economist, Marco Buti, did his best to put on a brave face, but given the market reaction to this news and the Italian elections, they are fooling no one: the EU's future is once again being called into question. This is being reflected everywhere from Rome, where voters are now hoping that they will get a referendum on whether to leave the Euro, to Madrid, where street protests are picking up once again in reaction to a host of political scandals and economic mismanagement. Sadly, it looks like my prediction in these pages at the beginning of the year that we were looking at a hot, tempestuous spring in Europe is looking all too likely to come to pass.
Meanwhile, Japanese PM Shinzo Abe is getting set to formally present his pick for the next Bank of Japan governor to the Diet on Thursday. The candidate is widely believed to be Asian Development Bank President Haruhiko Kuroda, who has been labeled as “out of touch” with Japan's economics because he has been immersed in foreign financial matters in recent years. Others see this as a boon, with Kuroda having a broader perspective than most of his inward-looking countrymen, and one with an established track record as a deflation-fighter that fits in with Abe's avowed goal to plunge the yen and get inflation going in Japan's terminally ill economy.
In the US, the Fed is in the spotlight once again as a recent study demonstrates the potential risks of the bank's ballooning balance sheet. As of Dec. 31St, the Federal Reserve had $3.1 trillion in assets on its books, but numbers crunched by MSCI Inc. for Bloomberg this week show that the bank could lose over half a trillion dollars in value over the next three years if the economy is hit by contraction and rising inflation. Ben Bernanke has already indicated he will not be seeking to stay on in his role after his term as Fed Chairman comes to an end in 2014.
Putin, be prepared - beware the Ides of March
(Well worth the read!)
By Jim Jones
Having set the scene so to speak, in my previous articles, Are You Prepared? and Prepared Or Not It Is Coming, I want to expand further the basic concept of my premise; and hopefully stop at a trilogy.
My final sentence was:
"The questions to ask are; when will this happen - not if; and where will the International Travellers go when the FED collapses?"
The timeframe is really anyone's guess and is largely dependent on the dissemination of verifiable information though such media as the internet, which will counter the public perceptions cemented by the controlled mass media. The realisation that "we have been lied too" will cause a storm in middleclass America. Like a snowball starting it's roll from the top of a snowy crest, it will gather mass as it progresses down the slope, this gathering mass will at some stage - reach tipping point [critical mass] and the whole house of cards, sustained by smoke and mirrors, will collapse.ones
There are also other factors to consider, most of which are really beyond factoring - such as the reaction of foreign countries to the imminent demise of the FED. Will there be wholesale selling of the FED Dollar? What events will trigger public panic? I am no prophet and do not profess to have such a gift; what I can say is that even a blind man can see the writing on the wall for the FED Dollar.
So, for the first part of the sentence, we can only say that time is short. This wonderful media called the internet has since it's inception some 20 years ago, provided a vehicle for public opinion which has proven to be impossible for the NWO to control or shut down. Oh, there are sites specifically dedicated to "discrediting" publications that print contrary to the official view and there are systematic cyber hacking attacks against web sites that offer opinion contrary to the official view; but generally, we have a wonderful organ for the open discussion of world events and the challenging of the accepted order. Dependent on just how well this internet is utilised, will in part, determine the demise of the FED Dollar.
As for the second part of the sentence - "where will the International Travellers go when the FED collapses?"; this is more clear cut. I commented earlier that history repeats -
"What has been will be again,
what has been done will be done again;
there is nothing new under the sun." Ecclesiastes 1:9
what has been done will be done again;
there is nothing new under the sun." Ecclesiastes 1:9
We can go back in time, before Christ - to Babylon, and see the fingerprint on human misery of the International Traveller. His god is money and he migrates to where the money is - infesting the host nation, controlling the supply of money and like some termite, eats away at the very foundations of society, while all the time through his control of money; causing untold misery for the host nation. Destroying the very values and fabric of the nation, bleeding the very life blood of the youth of the nation in senseless wars; the nation is reduced to a worthless façade of what was once it's former glory. Then broken, bankrupt and possessing no further wealth, the International Traveller moves on to greener pastures and the promise of wealth in some other nation.
It is no coincidence that when a nation has been strong religiously, it has been prosperous, healthy and mighty. Be it through Islam and the Ottoman Empire with the spreading of knowledge, trade, arithmetic and protracted periods of stability, to Christianity and the rise of the British Empire corresponding to the huge Christian revival in Britain, to other religions in various parts of the world such as Buddhism. The common thing about religions is that they do not emphasise money - money is not the GOD being worshiped. This is diametrically opposite to the goal of the International Traveller [and the NWO]; his god IS money and he is opposed to the spread of religions which are against his god.
Britain was systematically wreaked by the International Traveller - the wealth of the new British Empire was squandered on a World War [one that no one actually wanted, save the International Traveller], the cream of her youth died senselessly on foreign soils, all for the goal of stealing land in Palestine at the behest of the International Traveller and increasing the wealth of the International Traveller. The Balfour Declaration, conducted in total secrecy in dark rooms between like minded conspirators was to be the reward for "saving Britain" by involving the United States in a War that the people of America had voted overwhelmingly to stay out of! In 1916, Britain was finished - broke, destroyed from within and wanting to sue for peace. The International Traveller had got all he could from Britain and a new host nation was needed. [However, one thing he still required was the ceding of land from Britain, land which was still controlled by Germany and so Germany had to be defeated]. The wealth of America beckoned - the promise to Britain could be achieved by the manipulation of the people of America. Sleeper cells of International Travellers, living in America were the catalyst of the new infestation along with the provision of large sums of money; money with which to "buy" people, to control media and to deceive the people of America.
I am surprised; no, actually amazed, by the manner in which American's have been and are deceived by their government. Yes, I agree that this is a generalisation - I know that there are many American's who are trying to draw public attention to the orchestrated deception that has and is taking place and to parade the litany of lies that the government [and previous governments] have touted as truth. I know also that in general, Americans are very loving and considerate people; valuing honesty, integrity and justice, which is all the more the baffling as to why they can be so myopic on issues that touch on the actions of their government. It would appear that unless the information is received via Hollywood, Fox News, CNN or the Washington Post; then it simply is not credible. They as a nation, seem incapable of looking at world news in a cosmopolitan manner - to them, world news is about the 50 States or has been filtered through their own language media. Those who venture to read, say PRAVDA are a minority, howbeit, an enlightened minority and we hope, the minority who will start the bushfire of political revolution to rid America of the International Traveller before total destruction.
Oh no, if you turn down your TV's, you can hear the cacophony chorus from the ones who would have you believe labels. Labels like "conspiratorialist", "kook theory" and other such derogatory terms. [I've touched on a nerve: the unmentionable]. The intention of this name calling is to distract from the actual message; to cast dispersions about the authors credibility and mental state and to subliminally make you "take sides' without them having to actually do a thing to disprove any of the facts presented. Such detractors don't actually want to discuss the issue(s), they would rather the issue wasn't aired at all - after all, it is their own lie that they want to protect and open debate on it would show the obvious, calculated deceit involved. Much better to turn it into a personal issue and deflect the argument by placing a label on the author.
It is recorded that the noted American author and historian, Walter Karp wrote: "When it can be established that a number of political acts work in concert to produce a certain result, the presumption is strong that the actors were aiming at the result in question. When it can be shown, in addition, that the actors have an interest in producing those results, the presumption becomes a fair certainty. No conspiracy theory is required. On the other hand, those who make blanket condemnation s of the conspiracy theories, base their own view on a farfetched theory indeed, namely that whatever those in high office actually do, they are essentially men of goodwill. According to this school of special pleading - the "King can do no wrong" doctrine suitably updated - it is entirely proper to praise an American President for skilfully engineering some desirable result, but to not the same skilful engineering of an indefensible one is to fall victim to "political paranoia and conspiratorial fetishism".
Take a moment or two to let that sink in.
America was taken over by the International Traveller and no more so effectively, than by the complete wrestling of the control of money from the government by the FED. The Founding Fathers gave ample warning of the control of money - I suspect that they would turn in their graves now at what was happening in America; such mighty goals and promises for a nation, gone, destroyed by the International Traveller.
You can see, if you are prepared to look, at the systematic destruction of all things that were traditionally American - the role of the Church has been usurped, the entertainment sector taken over and all manner of filth and nonsense spewed out as "acceptable" - gradually conditioning public views by the liberalisation of ideas and the humanising of unnatural and perverted acts. The role of the family has been completely subverted and no longer are there defined roles for man and woman; [the promotion of feminism and woman's liberation was hoisted upon the world by the International Traveller because there was a whole section of society not paying taxes and so not supporting their growth of wealth]. It used to be that a man could work and provide for his family, have a house, car and holidays; time to spend with his family and enjoy life. Now, both parents need to work in order to have any sort of chance of owning a house, a car and having holidays - have you ever considered how you let this happen?
The International Traveller has destroyed the great nation of America from within, set person against person, sown dissention and destroyed the religious fabric of the country - something that was of prime importance to the Founding Fathers. All the time, while doing this, they developed more and more rouses to extract the hard earned money from the people and to defraud the nation and to steal the nation's wealth.
America is also morally bankrupt - it's leaders conduct acts of terrorism against the world and against the citizens of America. People around the world can see this but unfortunately the average American citizen cannot begin to comprehend that anyone could be so evil - let alone their government to contemplate such actions; such is their disposition towards human values and justice; their patriotism.
Now Americans are holding worthless currency - hoping against hope that others will still believe in it. Well, the International Traveller has already seen the end; he has what he wanted and is already looking for another living host to infest.
The stage was set for his move in 1991 with the collapse of the former Soviet Union.
The International Traveller has been evicted from all countries of Europe, some more than once and his excursion into "the New World" was so as not to miss out on the new found wealth there. A return to Russia would complete the 200 year hiatus and allow access that was prevented by the Tsar's and subsequently not realised by communism [although I believe that communism had a different goal; in the 1700's Rothschild said, "if you want to take money from the King, first you need give him an enemy". Pause for a moment and consider the morality of that statement and the psychopathic nature of it. Communism was the "enemy" for capitalism to expand against and it was set-up with the financing of the International Traveller].
Modern Russia is a power-house and stellar economy [Russia returns large surpluses while America continues to post record deficits]; she has vast oil and gas reserves as well as many oil and gas concessions in other countries. Russia turns off the gas and Europe freezes! Actually, the turning off of the gas would spell financial doom for Europe, already struggling to keep her books in order; without some 40% of gas available for industries, Europe would crash. Russia has huge mineral reserves and untapped mineral potential - including one of the few sources of diamonds outside the controlled South African mines.
As a leading player in BRIC's group, the Russian Rouble is poised to be a new reserve currency as it will be used by almost half the world's population as a currency of trade between corresponding nations. The strength of this and the demise of the FED will attract other nations to the Rouble.
Russia and others in the BRIC's group have been quietly divesting themselves of the FED dollar; Russian Armament industry is going from strength to strength lately and it shows no signs of slowing - rather increasing as more nations are seeking Russian technology and partnering arrangements.
This must be absolutely goading for the International Traveller - all this wealth, all this potential and they haven't yet got their hands on the controls.
But since 1991, they have been doing their best to infest Russia, with Gorbachev, it was an easy matter - he was easy to manipulate and had ideas of his own place in the glory annuals of Russia. They quickly pounced and they moved their controlled international companies into Russia with a view of starting their destruction of the internal fabric of the nation.
The time honoured modus operandi of the International Traveller spring into action - simultaneously, on many fronts, the foot soldiers of this brigade move in under the banner of freedom, democracy and free enterprise - slogans of the International Traveller [they always use slogans to bamboozle the citizenry. Every civil war that they stated was fermented with slogans]. The oil to move this machinery is money and large sums of money poured into Russia to persons, companies and NGOs'; NGO's set up by the International Traveller to further his aim of civil unrest and disunity in the community. Out of the unrest and disunity, they are the only ones with unity and sense of purpose.
First, they go about filling people's heads with unrealistic expectations and concepts that are new to the people; concepts that are not really understood but the notion of which sounds noble. This takes large sums of money to mould and channel public opinion and ideals. Control of the media is essential in this process. But money is not problem to them; they own the wealth of the world.
Then they proceed to dismantle the fabric of the society - first, attacking religious values and the moral principles of the nation - the morality of money is substituted and people's "god" is changed.
Then there is the complete take-over of the banking and financial system of the country - the power behind the government is established and politicians are bought men. With total control, they instigate acts of terrorism and set family against family in an effort to destabilise the country in order to suck the last dollar from the county.
Don't believe me, just look at what happened in Brittan, in America - the guys won't change something if it works; they will continue repeating the process.
However, with Russia there was one snag - a guy called Putin.
There has been a war going on in Russia since the collapse of the CCCP, the war is over control. It is a dirty war, fought by devious and definitely not chivalrous behaviour - a war until the death. The war is over control of the Rouble.
Immediately post 1991, it appeared as though the plans of the International Traveller were coming to fruition and with minimum disruption. The bump in the road was the mini civil war and the rise of Putin. This leader recognised the dangers of the path Russia was headed and threw his weight into correcting the path that was leading to the demise of Russia.
You will easily recognise the attempts to discredit Putin, to vilify him and paint him as a despotic dictator - all who stand against the NWO are dictators - the very word having grown evil and sadistic connotations by way of our conditioning by the media and the slanted view of history. [Many still do not know that Churchill was an avid admirer of Mussolini - his admiration of the dictator, outlined in his letters to him, boarding on platonic love].
Look at all those whom the NWO has wished to remove - they have all been labelled dictators as though, with the utmost loathing we must wrench them from power and mercilessly dispatch them. Dictators are an obstacle to them as unlike democracy - they are not bought.
They also attack using issues that have been ingrained into the Western psyche - democracy, freedom, civil liberty et al. And don't deny it, you have all read these sorts of attacks against Russia; against Putin especially. Pick up any mainstream Western media and you will see attacks on Russia's democracy - on civil liberties, especially Putin [Pussy Riot]. It is all part and parcel of the systematic build-up against Putin in an attempt to have him removed. There have been of course, the obligatory assassination attempts - if one doesn't work, maybe the other will!
What we are blinded too is the fact that there are very evil powers at work - powers that are almost unimaginable by "normal" people - indeed, people of our generation find it harder to comprehend this than say people of a century or two ago, when they still had and active church and belief in things spiritual. Nowadays, to talk of spiritual matters is to be considered that you're a sausage short of a barbeque; yet you can be accepted for believing in extra-terrestrial and visitations from super-races. No talk of the lift not going to the top floor for those people.
This is all part of the "conditioning" that we are subject to. The NWO don't want to be recognised for what they are - an evil, psychopathic bunch lead by Satin. No, surely you can't believe that?
And the serpent said to the woman, "You surely shall not die!" Genesis 3:4.
How many times do we need to believe that lie?
People, I make no apology for my Christian beliefs - it is because of them that I feel compelled to speak out, to prevent my brother from stumbling - I am my brother's keeper. Putin is the only world leader who has come out publically and stated that he will protect Christians around the world! [What American leader has ever stated that?]. This stance, and even it alone, is what pits Putin against the NWO; he sees the dangers of the NWO, how they systematically attack religion around the world as a means of spreading their disease.
The struggle for the world is ages old and is much more involved than we mere mortals care to think.
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in heavenly places." Ephesians 6:12
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Can All This… End Well?
By Bob Rinear
I'm never shy about bringing up examples of lunacy that is strictly off limits to the main stream media. I have seen too many people that truly have no clue that some of the most bizarre things one could conjure up are taking place daily. There's a reason for that of course, our main stream media has colluded for years to tell you what they want you to hear. It is their agenda to keep you in the dark about things that have an impact on your life, because if you don't know about it... you can't fight it. It's almost become cliché to write about the fact that Americans are fed a daily diet of Kardashians, and football, Honey Boo Boo and sports. We are told about every waking minute concerning the daily lives of Rhianna and Beyonce and Nikki Minaj.
Meanwhile, all across the nation; things take place that should be headline news on every two bit 6 pm news cast. Yet it doesn't get a mention. I've harped on this a lot folks. I don't do it to hear myself talk, I do it in the hopes that you will "turn people onto" alternative news sites. I do it so that maybe, just maybe you'll trot that neighbor, Uncle, Aunt, Mother, etc. over to a computer and show them how utterly insane things have become. Here's the facts friends...while we are basically in the business of dealing with Wall Street and money, "wealth" isn't simply how many dollars you have. Wealth is freedom, liberty, the pursuit of happiness, health, choices; the ability to live and prosper. But every day there's someone with an agenda, someone who thinks that you shouldn't be able to make your own choices, someone who thinks that you are too stupid to live without being told what to do. How to do it, when to do it.
Not long ago we were one of the very first to alert you all to the fact that the Department of Homeland Defense was buying billions of rounds of ammo. We asked a simple question....what is all that ammo for? They bought enough to fight 20 Iraq wars. Then we showed you the types of ammo they were buying. These weren't blunt nosed target rounds, these were serious "kill shots". Again, why? It wasn't on any nightly news, it wasn't headlined in the New York Times. It was just another in a long long string of "strange" things that happen almost every day. Then last September we saw that the DHS ordered some 7K fully automatic "assault weapons". These aren't your usual "demon AR 15's" you hear the left scream about every day, these puppies are full auto; "machine guns" so to speak. Why? Now we see that the Department of Homeland Defense has ordered a line of targets that has surely raised a lot of eyebrows.... can you imagine targets picturing a pregnant woman? A young child? An old man? An old woman? Sure enough they have. Their main supplier has a line of targets they call "no more hesitation".
Lets get this right... our supposed "homeland defense" company has bought over 1.5 BILLION rounds of ammo designed to kill. They've bought thousands of fully automatic weapons. Now they're buying targets in high color of a pretty pregnant mom with a pistol, a young mom with her daughter on a playground, a little boy with a pistol, a teen schoolgirl with a back pack, etc? Yep. They are. Again we ask... why? Who are they gearing up for? How many "terrorists" are 10 year old boys, or old ladies, or teen moms with a daughter? Not many that I've seen. Ask your neighbor, your mom, your dad....if they know that their tax money is buying such things for our supposed homeland defense. I'll bet they can give you the score to last nights game, but will ask if you're serious concerning this topic. They'll think you're nuts. Then show them this link....
Moving along, we have to take a couple pokes at our Vice President Joe Biden. I don't care if you love the guy or hate him, every time I see his face I'm reminded of a used car salesman in a really shoddy car lot. The kind of lot that takes used taxi cabs with 500K miles on them and paints them for 99 bucks and tells you it was only owned by a grandmother to go to church on Sunday's. In any event, he has been designated as Obama's "anti gun" agenda campaigner. He was being interviewed the other day about guns and he told the interviewer that if you don't want any AR 15's or what have you, just get a shotgun. Then he goes on to say how he lives in a quiet area and he told his wife that if she hears something to go outside and touch off two shots in the air because the "bad guy" will surely go away. First off it's hysterical listening to this guy, but on a serious note...it shows how disconnected this guy is to reality. Evidently he doesn't know that if you walk out your back door and set off two shots...in a lot of places like NJ, you could go to jail? Does he also not know that these shotgun "shots" will fall to the ground somewhere? The Vice President of the United States just said its okay to step outside your house and fire warning shots at an alleged intruder. Really? What fantasy world is this? You would be committing a felony and would be arrested and probably serve 5-10 yrs in most states. It was hysterical and disgusting at the same time, but it shows you the inept mentality of our so called leaders. Please folks, do yourself a favor and watch this 1 minute and 12 second clip. Then tell me you're not shaking your head in disbelief....
Strolling along, we see the liberal left pushing their sexual identity agenda to whole new levels, and some of them are quite disturbing. What we just saw coming out of Massachusetts should be on every TV station in the nation during prime time....how many of you have heard about this?....
Last week the Massachusetts Department of Education issued directives for handling transgender students including allowing them to use the bathrooms of their choice or to play on sports teams that correspond to the gender with which they identify. The 11-page directive also urged schools to eliminate gender-based clothing and gender-based activities like having boys and girls line up separately to leave the classroom.
Schools will now be required to accept a student’s gender identity on face value.
“A student who says she is a girl and wishes to be regarded that way throughout the school day and throughout every, or almost every, other area of her life, should be respected and treated like a girl,” the guidelines stipulate. According to the Dept. of Education, transgender students are those whose assigned birth sex does not match their “internalized sense of their gender.”
“The responsibility for determining a student’s gender identity rests with the student,” the guidelines dictate. “One’s gender identity is an innate, largely inflexible characteristic of each individual’s personality that is generally established by age four…As a result, the person best situated to determine a student’s gender identity is that student himself or herself.”
The new rules would also prevent teachers and administrators from telling parents with which gender their child identifies. “School personnel should speak with the student first before discussing a student’s gender nonconformity or transgender status with the student’s parent or guardian,” the directive states.
The guidelines were issued at the request of the state board of education to help schools follow the 2011 anti-discrimination law protecting transgender students.
“These students, because of widespread misunderstanding and lack of knowledge about their lives, are at a higher risk for peer ostracism, victimization, and bullying, the document read. “The policy allows students to have one gender identity at home and another at school,” he said. “And it refuses to let teachers and administrators tell parents what gender their child is at school.”
Another part of the directive that troubles parents deals with students who might feel comfortable having someone of the opposite sex in their locker room or bathroom. The state takes those students to task noting their discomfort “is not a reason to deny access to the transgender student.”
And any student who refuses to refer to a transgendered student by the name or sex they identify with could face punishment.
For example a fifth grade girl might feel uncomfortable using the restroom if there is an eighth grade transgendered boy in the next stall.
Under the state guidelines, the girl would have no recourse, Beckwith said.
“And if the girl continued to complain she could be subjected to discipline for not affirming that student’s gender identity choice,” he told Fox News.
See it all here...
So let’s get this straight. If some kid with raging hormones wants to try and see some naked girls, all he has to do is tell the teacher he's a transgender and really a female, and then he can stroll into the girls bathroom or possible the locker room? Are you nuts? Evidently so. This is so beyond insane I struggle to express myself. This comes right on the heels of the couple in Sweden that are raising their kid 'gender neutral". In that case they aren't buying trucks and GI Joes because he's anatomically a boy...no, he's got a pink and blue room, he's got trucks AND dolls, and they want "it" to pick what it wants to be as it grows up. They don't want to influence it to be a boy if it wants to be a girl.
Is any of this on your 6 pm news? Why not?
Speaking of your 6 PM news, did you know that if Comcast Cable is involved, they will NOT air any commercials for anyone involved with the gun industry. Check this out...
Comcast, the nation's largest cable provider, no longer accepts advertisements from businesses selling guns.The policy change was quietly instituted on Feb. 8 after Comcast acquired a controlling interest in NBC UniversalComcast Spotlight has decided it will not accept new advertising for firearms or weapons moving forward," the cable provider said in a statement to CBS. "This policy aligns us with the guidelines in place at many media organizations."
Executives at Williams Gun Sight called the policy anti-constitutional.
"We’re a perfectly legal company selling a perfectly legal product and they have chosen us out of all the industries out there to make a stand on what’s right or wrong," Williams’ Chief Operating Officer Dan Compeau told CBS.
Kupiec said Comcast is the cable provider for two-thirds of the domestic market, which he believes represents a monopoly in the industry
Read it all here...
So, Comcrap, oops I meant Comcast has DECIDED FOR ALL OF YOU what kind of advertising you will be able to view. Now for those of you who say "hey it's their business they can do what they want I BEG TO DIFFER. In my whole town and thousands of towns you get Comcast or you get NOTHING. There's no other choice. Thus they are a monopoly and I plan on helping expose that.
Moving along, we see "king Obama" has decided he is tired of dealing with Congress about a lot of things and one of them is Global warming, so he's going to go out and kill coal plants on his own....
President Barack Obama is tired of waiting for Congress to move on legislation to reduce carbon emissions, and his administration is poised to move forward on actions to do just that—including a move that will effectively eliminate the possibility of any new coal plant opening in the United States, experts say.
Or how about this... how about teaching students how to masturbate in a session conducted in a 100 year old Chapel?....
MEADVILLE Allegheny College’s Ford Memorial Chapel was transformed into a boudoir of sorts Wednesday night, as professional sex educators advised students in attendance how best to touch themselves and their partners to reach orgasm in what was billed as an educational seminar.
The chapel, built and dedicated in 1902, is where Catholic mass and non-denominational services are conducted every week at the private liberal arts college in northwestern Pennsylvania. But all that took a back pew to Wednesday’s festivities, dubbed “I Heart the Female Orgasm” and hosted by a variety of student groups on campus.
The two sex educators, Marshall Miller and Kate Weinberg, talked students through a variety of masturbation techniques during the event.
The rest of the story gets really graphic, and I'll spare you all the juicy details about finding G spots and the correct "rub". You can read it all here if you'd like...
Are you getting my drift here folks? I'm not pointing out these insane situations just to make small talk, or pass the time. I should have titled this commentary "how will all this end?" and I really want to know. What's the end game of the DHS buying machine guns, 2 billion rounds of ammo and targets with "regular" people on them? What's the outcome of a Vice President spewing baloney about gun control? What's the outcome of a monopoly deciding who they will allow to advertise on their network? Do we really need to have "transgender" issues in elementary school bathrooms? Do we need Church Chapels used by colleges to teach proper female orgasms to horny college kids? Will America ever wake up to the fact that Obama thinks he's king and to hell with Congress and the process?
We look at the markets and we trudge through our days, and unless something goes bump in the night, we just cruise along. But behind the scenes these are the things that are going on, and trust me each and every story like the ones I just plucked out of the days alternative news …WILL affect you at some time. Whether it is trying to discuss why some boys think they want to be girls to your 5 year old, to the DHS playing stormtrooper, to Obama forcing Cap and trade, and higher energy prices on you.
The bottom line here is that football, beer and the Kardashians are the "bread and circus" that they're feeding us to keep everyone fat, dumb and happy. Meanwhile behind the closed curtains these cretins are passing laws, and expanding their agendas in the dark. I'm never surprised any more when I hear someone say "how the hell did we get here?? How did all this happen??" It's simple... no one paid attention.
Every last right you have is being negotiated away in some dark office as we speak. We don't know the people, we don't know the payoffs. But we will surely feel the effects.
Pay attention and be heard. They're winning.
By Stephen Lendman
On March 1, $85 billion in automatic sequestered cuts are scheduled. Congress may or may not permit them. Obama calls instituting them dire. On February 19, he said.
"(They) won't help the economy, won't create jobs, will visit hardship on a whole lot of people."
He spent four years benefitting bankers, war profiteers, other corporate favorites, and super-rich elites. He did so at the expense of middle America. Others most disadvantaged suffered more.
His administration prioritizes austerity. He wants America's social contract destroyed. Straightaway in office he demanded it. He hasn't changed his mind.
He plays hardball. He wants Republicans blamed for bad policies he supports. They caused enormous harm to millions. He's got much more in mind. He pretends otherwise.
Read his policies, not his lips. His record reveals rogue leadership. He's mindless of human suffering. He wrecked America's economy. Poverty, unemployment, homelessness, and hunger increased on his watch. The worst is yet to come.
Vital social programs are on the chopping block. Incremental eroding is planned. Medicare, Medicaid, Social Security, food stamps, and other vital ones are targeted. Bipartisan agreement assures it.
March 1 is a nominal deadline. March 27 matters more. It's when America runs out of money. It's when debt ceiling limit is reached.
US law requires Congress authorize borrowing amounts to fund federal programs.
Doing it means raising the ceiling by late March or sooner. Expect it. It's automatic. Details will be finalized along the way.
On February 22, the Wall Street Journal headlined "Lengthy Impasse Looms on Cuts," saying:
Republicans and Democrats expect "spending cuts will take effect next week and won't be quickly reversed, likely leading to protracted political uncertainty that presents risks both to Congress and" Obama.
Averting or replacing them with long-term deficit reduction isn't expected. Negotiations aren't underway. On February 18, Congress recessed until February 25.
Four days remain to resolve sequester issues. Doing so usually happens at the 11th hour or later. Whatever the outcome, expect nothing different this time.
Each side blames the other. Blame game politics is standard practice. No wonder polls show public congressional support near record lows. Numbers range from 9% to low double digits.
Obama and congressional Democrats look beyond March 1.
"Their strategy is to persuade the public that the cuts would harm defense, education and other programs, make air travel difficult and cost jobs, among other effects," said the Journal.
"They hope public pressure would force Republicans to reverse course and agree to new tax revenue."
They believe "protracted fight(ing) over spending cuts could take a toll on Republicans….If that impression takes hold, (it) could cause trouble for" GOP candidates in 2014.
"Republicans believe they can stay united by accusing Mr. Obama of campaigning rather than negotiating and reminding people that they have backed legislation to replace the cuts to defense programs with nondefense cuts."
"They say they won’t bend to Mr. Obama’s demand for new tax revenue and that the public supports their goal of reducing the deficit."
Both sides remain confident. Agreement in principle occurred long ago. Policies belie rhetoric. Details alone remained unresolved. Expect them in the fullness of time. When remains to be seen.
Sequester chicken is risky. People may not react as expected. Both sides may be harmed. Obama has political leverage. His popularity way exceeds Congress.
Mindless Americans must explain why. He caused enormous harm to millions. He's got much more in mind. Thoughtless constituents don't get it. They support what demands condemnation.
Republicans also play hardball. Speaker Boehner's spokesman, Brendan Buck, said no one "on our side is squirming. We feel like we're on very strong ground."
House Majority Leader Eric Cantor's spokesman, Rory Cooper, said there won't "be a moment when we break and give (in to) a second tax increase. There will be no compromise on tax hikes."
Republicans said the same thing last time. They did so before last year's January 1 deadline. They said one thing and did another. Soon we'll know what both sides intend this time.
On February 24, the Journal headlined "Fresh Front in Budget Battle."
Back room doubledealing continues. Both sides "are quietly considering a deal to avert a government shutdown….but at the cost of prolonging across-the-board spending cuts."
Attention shifts from March 1 to what follows. By March 27, Congress must pass a continuing resolution. Doing so is required to fund government operations. Failure assures shutdown. Few expect it. If it happens, it won't last long.
Senior Boehner and Senate Majority Leader Harry Reid aides are "discussing a bill being prepared by House Republicans to fund government operations through September."
Republicans want lower level funding. They want defense largely untouched. An unnamed White House official said Obama won't go along.
Democrats are worried. They believe failure to do so leaves them vulnerable to be blamed for shutting down government. An unnamed Senate leadership aide said:
"There's an emerging consensus that it would be a difficult battle to have. I don't think we could force a shutdown."
A senior GOP aide said House Republicans will likely "consider" a continuing resolution days after March 1. Most House and Senate Republicans support it.
It's not clear if or when compromise can be reached. Failure assures automatic sequester cuts. Both sides prefer instituting them gradually. Agreement remains unresolved.
On Sunday, federal Controller Daniel Werfel's report briefed governors. They're in Washington for their winter National Governors Association meeting.
Budget cuts will hit states hard, it said. Economic growth will be harmed. Teachers will lose jobs. Funds to help victims of domestic violence will be lost. Pentagon employees will be furloughed. National parks will party or fully close.
Obama hopes scaremongering will force Republican concessions. Expect chicken politics to continue all week into March. We've seen it all before. Both sides jockey for advantage. Markets so far are indifferent.
Unresolved differences remain. Expect grand bargain betrayal to follow. It's baked in the cake. Ordinary people will be hit hardest.
Deficit red ink will keep rising exponentially. Over $1 trillion adds to it annually. Congressional toing and froing changes nothing. Real fiscal cliff issues remain unresolved. They go unmentioned.
Bond markets have final say. Central bankers and finance ministers can't control them. They'll decide when excess went too far. Bond investors are getting skittish.
Rising rates are the flip side of lower prices. It's automatic. The lower the price, the higher the rate. Financing costs rise with it. Everyone pays more.
It happened before. Expect it again. What goes around comes around. Bad policies assure it.
Sentiment drives markets. Excess turns them negative. It happens eventually. This time isn't different.
Expect the unexpected. Both parties share blame. Sequester is self-destructive austerity. It's bad economics. It's counterproductive politics. Troubled voters blame politicians for inflicting harm.
Obama's teflon coating may wear thin. He's not the only villain in town. He's got lots of company. They say one thing and do another.
They support austerity when stimulus is needed. They want America's social contract destroyed. Safety net protection is old-fashioned, they believe.
Wrecking the economy doesn't matter. Protecting bankers, war profiteers, other corporate favorites, and America's super-rich count most.
Attention deficit-hyperactivity disorder (ADHD) is a national affliction. Paul Craig Roberts calls thinking America's "national disability." Both reflect two sides of the same coin. Indifference compounds it.
Republicans and Democrats exploit them for maximum advantage. Ordinary people lose out in the process. Grand bargain betrayal targets them. Expect unprecedented cuts to inflict enormous harm.
It doesn't matter if they're incremental or sooner. They're coming in the fullness of time. Cumulatively they'll hit hard. The worst of all possible worlds is planned. Both sides agree. Essential social services ordinary people rely on most are targeted for elimination.
Shared sacrifice is one way. Demagogic doublespeak conceals it. Media scoundrels ignore it. Party leaders planned things months ago. The criminal class in Washington is bipartisan. It's worse now than before.
Populism's a dead letter. Huge stakes are greater than ever. Details remain to be worked out. Fear-mongering urges public support.
Popular needs aren't considered. The world's richest country doesn't give a damn. Monied interests control Obama. They own him. He's beholden to what they want.
A pound of flesh isn't enough. They want it all. Obama salutes and obeys. So do congressional leaders. Predatory capitalism failed. Revolution is the only solution.
America's "national disability" checks it. Corrupt politicians take full advantage. They scam ordinary people for their own benefit.
Grand bargain betrayal is policy. It's not a matter of if. It's when it hits hardest. It's coming. Expect it.
Obama bears full responsibility. He's a world class scoundrel. He menaces humanity multiple ways. He’s America's worst president. Impeaching him is a national imperative. Hopefully it'll happen in time.
Wednesday, February 27, 2013
Tuesday, February 26, 2013
America's Middle Class Caught in a Vice :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
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Monday, February 25, 2013
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WEDNESDAY, February 23, 2013
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“Fathom the hypocrisy of a government that requires every citizen to prove they are insured…, But not everyone must prove they are a citizen.”
“And now, any of those who refuse, or are unable, to prove they are citizens will receive free insurance paid for by those who are forced to buy insurance because they are citizens.”
- Ben Stein
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Destined to Fail: More Nuclear Wrangling with Iran, North Korea
By James Corbett
Last month in London, Dr. Tom Fingar collected his Sam Adams Award from the Oxford Union Society in an event attended by well-known intelligence whistleblowers like Coleen Rowley, Annie Machon and Thomas Drake. What, you've never heard of Dr. Fingar? Or the Sam Adams Award? And this didn't make front page news in your local paper?
For those who don't know, Dr. Fingar was the Deputy Director of National Intelligence for Analysis who, in 2007, contributed to that year's National Intelligence Estimate. The NIE is a synthesis of the best intelligence from all 16 of the United States government's intel agencies, and in 2007 it concluded with “high confidence” that Iran halted their nuclear weapons program in 2003 and never restarted it. The fact that this NIE and Dr. Fingar's work on it is never brought up in the controlled establishment media is hardly surprising, given that Tehran is now Boogeyman Number One in ye olde “Axis of Evil.”
Instead, we get treated to spectacles like the one that will unfold in Kazakhstan next Tuesday, the latest round of nuclear “negotiations” between Iran and the so-called “P5+1” referring to the five permanent security council members (China, Russia, France, Britain and the US) plus Germany. It will be the first such meeting in eight months, and, sadly, it is as clear now as it ever has been that this “negotiation” process is not a negotiation at all.
In labor law there is a concept of “good faith negotiation” which stipulates that both sides in that negotiation have to recognize each other as bargaining representatives, attend and take part in meetings at reasonable times, respond in good time to proposals from other representatives, and to reply to those proposals with reasoned responses reflective of genuine consideration. On almost every point, the P5+1 powers have shown themselves to be in violation of these principles in their negotiation over the Iranian nuclear program. The attempt to force concessions and/or impose sanctions as a precondition to negotiations is a clear sign that the P5+1 are not negotiating in good faith.
Take the IAEA's 'revelation' this week that Iran is installing “advanced” centrifuge technology at its Natanz plant. The leak comes conveniently right as these so-called negotiations are set to begin, and provides a convenient excuse for everyone (including, of course, the Obama administration) to deliver more hand-wringing about Iran's “provocative” actions by Tehran. The problem with this rhetoric is that this technology is in no way inconsistent with a peaceful nuclear program, and the very same IAEA report that highlights these new centrifuges also shows no evidence whatsoever that any of Iran's nuclear materials are being diverted for weapons purposes. All of this is conveniently ignored, however, and the entire attempt to replace Iran's admittedly outdated 1970s centrifuge technology with more stable, modern equipment is portrayed as some type of monstrous breach of international etiquette.
The hypocrisy is self-evident. Iran cannot so much as upgrade its aging equipment without being accused of provocative action. None of its actions are in violation of the Nuclear Non-Proliferation Treaty, and the IAEA itself cannot demonstrate any proof that it is diverting any of its nuclear material for an offensive weapons program. Meanwhile, Israel, its avowed enemy who has repeatedly threatened military action against it for even pursuing the idea of peaceful nuclear technology, is the world's sixth largest nuclear power and yet is not an NPT signatory and has never allowed its nuclear facilities to be inspected by anyone, least of all the IAEA.
What clearer indication can there be that the P5+1 are not negotiating in good faith?
At this point, the players in this drama have all but given up the pretense that this is a negotiation at all. It has become more of a venue for the west to deliver threats and ultimatums to Iran. The goalposts are constantly shifting and have become so hopelessly nebulous that they are about as realistic as it was for Bush and Blair to demand that Saddam Hussein “disarm” the WMDs he didn't have or face military invasion. Just this week, White House spokesman Jay Carney told reporters that, “If it [Iran] fails to address the concerns of the international community, it will face more pressure and become increasingly isolated.” What does this blather mean? What are the concerns, and how does Iran go about “addressing” them? It is obvious at this point than nothing short of the government of Iran agreeing to shut down the nuclear program entirely and hand the keys to their country over to America would be enough to meet these vague demands.
A perfect case in point revolves around the sanctions that the US unilaterally imposed this month shutting down the gold-for-gas trade that had developed between Iran and Turkey. The sanctions have already had their effect: the trade is drying up. Now the major powers come along and tell Iran that they might ease up on these sanctions if Tehran scraps their Fordow uranium enrichment plan. This is not a negotiation by any stretch of the imagination; this is one step shy of all-out war. As Iranian Foreign Ministry spokesman Ramin Mehmanparast put it: “They want to take away the rights of a nation in exchange for allowing trade in gold.” No self-respecting state could possibly give in to such demands.
There is no carrot here, only stick; no negotiation, only threats. The strangest part to the untrained eye is that these sticks not only hurt Iran, they also hurt Europe and its allies.
The sanctions, after all, are lunacy on every level: humanitarian, political and strategic. The effects on the Iranian population are well documented and a perfectly predictable outcome of this form of economic warfare. But this has the exact opposite effect as the one supposedly intended by the west. To whatever extent reformist sentiment exists in Iran, the sanctions only help to make the case that the country is under attack by the west and must refuse to back down from the confrontation. If anything, it only stiffens the resolve of Iranians and makes the American dream of some spontaneous uprising from within that much less likely.
Even more bafflingly, the sanctions are having devastating effects on the P5+1 allies. Europe in general and Turkey in particular are sorely in need of Iranian gas to supplement their energy imports. The sanctions put the squeeze on these countries perhaps even more so than Iran, which will always find willing buyers for its gas in Asian markets that are unfettered by western sanctions.
Of course, this is well-known by America and its allies. The reason for the sanctions is not, ultimately, to make Iran cave in to their demands; no one is seriously expecting this to happen. It is instead intended to exacerbate the situation so that international pressure against Iran increases. Europeans and Turks, for example, now have that much more incentive to pressure Iran on its nuclear program, since it is directly effecting their own bottom line.
Contrast this with the situation in North Korea. We noted in this publication just two weeks ago that North Korea was preparing to set off another nuclear device any day, and just days later they did precisely that. Experts are still divided on whether the test was of a plutonium device, like their previous ones, or an enriched uranium device, but it was immediately determined to be somewhere between 6 and 7 kilotons in yield, or roughly half the explosive power of the bomb the Americans dropped on Hiroshima in 1945. In nuclear terms, it was more of a firecracker than a nuclear bomb, but it still represents progress from previous tests and, regardless of whether or not North Korea has made steps toward miniaturization of their weapons, as the official statement on the blast asserted, it is still a worrying step for a regime that threatens South Korea and the US with all-out nuclear annihilation on virtually a weekly basis.
But what is the response to these observable, demonstrable North Korean aggressions? Aggressions that not only demonstrate (once again) that North Korea has an active nuclear weapons program, but that they are explicitly threatening to use those weapons against their perceived enemies? Some expressions of condemnation and vague threats to return to the six-party nuclear talks...sometime.
The nuclear hypocrisy which we have noted before rears its ugly head once again. But as with all such madness on the world stage, there is a certain logic to it. With Iran, the aim is to isolate, starve, and, ultimately, overturn the Iranian government. With North Korea, the ideal situation for everybody seems to be for the North Korean regime to continue making threatening statements and setting off test devices every few years to keep up the tensions in the region and justify the ever-increasing defense budgets that are being spent in the emerging Asia-Pacific arms race. Different goals call for different strategies, after all, so we shouldn't be surprised to see Washington's stand on Iran and their stand on North Korea to be completely at odds with each other. Only the naive believe the real goal in all of this is nuclear disarmament.
In the end, it would be nothing short of a miracle if any sort of agreement is actually struck in Kazakhstan next week. The P5+1 powers have already made it abundantly clear that they are not interested in any agreement that involves Iran maintaining its nuclear program in any capacity. Sadly (if unsurprisingly), the best possible outcome is also the least likely one: the abolition of nuclear weapons altogether. It is also the one that was suggested by Ayatollah Khamenei last week, in keeping with a long tradition of Iranian proposals for a nuclear free middle east that have been roundly rejected by the west. You won't be hearing about that any more than you will about Dr. Fingar's Sam Adams Award, at least not in the mainstream press. And the nuclear hypocrisy band plays on...
Metal IRA Questions
By Bob Rinear
One of the interesting things about the "timing" of this particular piece is that as we look around, Gold has been getting smacked, Silver is being squashed and money is moving from the "safety" of the metals to the risks of the equity market. Not only am I not surprised, I expected this. As the Fed engineers a rising market, as they continue to feed the Primary dealer banks with some 85 billion a month, as they bleed off some of that money into the stock markets... people were going to eventually pay attention to it all. We're beginning to see the beginning of it all.
You have to go back a few weeks but I wrote about the "velocity of money" and how everyone's been sitting on their cash for the past 5 years. I continually hear about how there's no rampant inflation and how they Fed has engineered such a fantastic "save". Well that's simply not the case. Corporations are sitting on more cash than at any time since WWII. "People" have been pulling in, trimming costs and trying to stay away from credit for years. Investors have been loading up on Bonds and metals. All of that sequestered cash, meant that money wasn't "turning over quickly". The "velocity of money" was as low as it’s been since the early 1950's.
Price rises, which are the result of too much money chasing too little goods, has been subdued simply because not too much cash was chasing goods. People and Corporations were buying what they needed and only some of what they wanted. That is beginning to change. When it does, and judging by the recent M&A activity such as DELL going private and Buffet taking out Heinz Corp and now Office Max and Office Depot merging, we're beginning to see companies decide they're "safe" to spend their cash. I have a hunch they'll be proven wrong.
It's bad enough that the public has an incredible habit of buying at the top. They do it all the time, I saw it in late 99 and into 2000 during the tech bubble, and we saw it in the housing market as people stood in front yards and bid up 100K dollar homes to 425K dollars. Then we saw it in 2007 as the markets made "all new, historic highs". Well how did all that pan out? The folks that bought tech in December of 99 were beaten senseless as the NASDAQ fell from 5000 to 2000. People that bought 100K houses for 450 grand in 2006 are now in foreclosure or so upside down, they'd be better off walking. Folks that bought stocks in late 2007 because Jim Cramer was screaming that the market was going to go "up up UP!" were once again blindsided when the DOW fell from 14K to 6600.
Now we're back to those 2007 highs. We've got unemployment problems. We've got more folks getting disability each month than jobs. We've got more people on food stamps than ever in US history. We've got millions of homes "hiding" in foreclosures that the banks refused to push out into the market. We've got Obama care coming and there's a ton of headlines each week suggesting that employers are going to cut hours from their workforces, cut full time from 40 hours to 29.5 or others that will simply pay the fine instead of insuring their people. Is it possible that once again the public is going to jump on the bandwagon just before the wagon loses its wheels and crashes? Probably. Judging by the amount of insider selling we saw recently, the folks running the big companies want to take their profits and run. Yet the public is just warming up to "get in".
In one way it is very sad because they will get crushed again. But on another hand it works out well for us because 1) we'll short this market and make a fortune again and 2) as the metals pull back, as folks go from safety to risk assets.. we'll get to buy more metal for less money. So the timing of talking about metal backed IRA's is pretty good.
Now.. I know it's painful for those who bought Gold at 1850 or silver at 45. I get it. I have lived through some horrendous pullbacks in the metals since I started buying in 2001. But one has to consider the longer term when you're talking about metal. Are we in these for a trade? NO. Are we in these to make a few bucks and buy the kid a car? No. We're in these because our Central banks are on a printing binge never before seen. Europe's on a printing binge, Japan is cranking up their presses. Think about it for a minute folks, if all you had to do to create economic Nirvana was run printing presses, don't you think they'd have done it 300 years ago? 200? 100? 60? Yes they would have. But they didn't because history shows it never works. It won't work this time either, although it can forestall the inevitable for longer than you'd like some times. So while I can sit here and sound smug because I bought a ton of the stuff back when it was 800, and now it's 1600... I understand the frustrations of folks that bought at 1800 or 1750 and it's 1600. I've been there, done that.
Yet I have to continually ask myself.. is this run really over? Could it be that the street is right and gold is finished? Is Silver really done? Then I look around, I see the fraud, the manipulations, the naked shorting, the collusions, and laugh. If it's done, I can't imagine why. They haven't stopped the printing, they haven't stopped the bear raids, they haven't stopped the ILLEGAL naked shorting, they haven't stopped the ILLEGAL position limit excesses. They haven't created jobs, they haven't expanded cheap energy, they haven't stopped giving big business like Facebook and GE free "tax holidays" while beating up our semi wealthy. Again, just last week Wal-Mart said February had the worst sales start they'd ever seen. This is a reason for the market to challenge the all time highs?
If things are so good... why are interest rates at 60 year lows? Why does Bernanke pin the overnight rate at virtually zero? If things are so good, why is he doling out 85 billion a month? If things are so good why are more folks in poverty and on food stamps than ever before? Why are wages stagnant?
Maybe I'm wrong. Maybe there's been some cosmic shift I don't know about and somehow this all works out just fine. You all have to figure that out for yourselves and make that judgment. But I have to continue with what makes sense to me, and what makes sense is that this entire house of cards still comes to another "lousy end". Just like 2000, just like 2007. With that in mind, I'll continue on about the IRA thing.
One of the first questions I got after penning that article concerning opening a “metal” IRA was "Bob, would you rather have gold or silver in your account?" That's a tremendously good question and has a couple different angles to it. I'm not dodging the question, stick with me here. If the world finally comes to some agreement that it has no choice but to come up with a new global reserve and that reserve has to be backed by some amount of gold, the price that gold attains will be in direct conjunction with the percentage of gold necessary for the reserve dollar. In other words if a new global currency was to replace the dollar and the G20 countries agreed it needed a 15% backing with gold, then the price of gold would probably get to the 2800+ dollar level. If it as a 20% peg, maybe 4500. Etc etc. So, lets suppose you opened an IRA and funded it with 20K dollars. For that 20 grand you decided to have gold coin, and thus you got 12.5 gold coins placed in a depository with your name on it. Then, two years from now gold is required to back a new global reserve currency and it spikes to 3000 dollars. You've done very well.
Now on the other hand, we have silver. Silver has ALWAYS been gold's "little brother". It never had the respect that gold had. Ever. I remember my years in the jewelry business and often the richer clients we has would frown on silver as being the "poor mans jewelry". But silver is a completely different creature than gold. While gold only has two primary uses....One as a "money" and two as a form of adornment (jewelry) silver has THOUSANDS of uses. Gold is never really "used up". If you buy jewelry and later you don't want it or like it, you can take it to a smelter and he'll melt it down for money. Silver for the most part gets used up and tossed in the trash. So while most of the gold ever found on earth, except for that lost to shipwreck etc, is still hanging out somewhere, most of the silver mined in the past 100 years is gone. It's been used in computers and cell phones and electronic gee gaws of every manner. It's on old solar panels and lost in space on out of date satellites. The supply of silver continues to dwindle as we "use it up".
If you take your 20 grand and instead of buying gold you buy silver, you could place approximately 660 silver ounces in your depository. Now, what happens if I'm right and at "some" point silver makes it to 70 dollars to the ounce? What happens if that is a lousy call and silver makes it to 100? Let's stick with 70. If you have 660 ounces at 30 and silver goes to 70, you're increase is 26,200 dollars. You're 20 grand has become 46,200. In our first example, using gold... if Gold goes to 3000 the ounce you'd make 16,800 on your 12 ounces.
A double on silver will give you more bang for the buck simply because you can buy some much more of it than you can gold. So, which one is better? Neither really. I actually think gold is safer as it isn't quite as abused by Central banks as silver is, but I see the supply demand numbers and know that we're going to run out of cheap silver in the relatively near future. So I'm in the silver camp right now.
If you aren’t willing to hold physical silver and gold, and you find yourself in a position where you’re going to have an IRA, going with an outfit that can set you up with a physical metal IRA is probably your next best bet. Now it’s true that if you are in a standard company sponsored 401K plan you are NOT going to be able to hold physical metal in that account. For that instance you only have a few choices. One is to utilize what ever fund is tied to metal in your fund family. The other is more controversial.
Back in 2007, we took our largest 401K plan, and liquidated it. We paid the penalty and the taxes and bought physical gold. It was a wise decision. Although we had been buying gold since 2001 at the 290 level, we bought a “lot” of it in early 2008 at the 800 level. So seeing it at 1575, we can act a bit more smug about it than is polite. Yet it is a choice you could make. You “could” liquidate a standard plan and go into silver.
Another twist is you can “borrow” against your 401K and invest the borrowed amount into physical metal. I know several people that have done that and it has worked for them very well. Is that right for you? I’m not a registered advisor or broker, I can’t say what is right for you. But if all I had was a 401K with 80 grand in it, I’d probably consider doing something aggressive.
The bottom line is still the same. Until the worlds printing presses grind to a halt, gold and silver will be the ONLY defense you have. They can manipulate them, but they can’t destroy them. In the history of the earth, gold and silver have never been worth zero. In just the past 70 years, 30 currencies have gone to zero. I know what I’ll trust. You might consider it.
Your Source for Freeze Dried Food in an Uncertain World.
(866) 404-3663 or email: fdg@FreezeDryGuy.com
CISPA Is Back
By Stephen Lendman
It shouldn't surprise. The 2011 Cyber Intelligence Sharing and Protection Act (CISPA) never really went away. It ducked and covered for another day.
It's more about destroying personal freedom than online security. It gives government and corporate supporters unlimited power to access personal/privileged information online.
Civil liberty protections are ignored. Security experts, academics, and other professionals expressed outrage. They called CISPA and John McCain's SECURE IT Act measures that "allow entities who participate in relaying or receiving Internet traffic to freely monitor and redistribute those network communications" unjustifiably.
They encourage transferring private communications to government agencies. Accountability and transparency are lacking. Vague language describes network security attacks, threat indicators, and countermeasures.
Innocuous online activities can be called cybersecurity threats. Eroded privacy laws will be gutted. Web sites visited, personal emails, and other online contact may be freely accessed.
Minting Coins Cost U.S. Taxpayers $436 Million: Chart of the Day
By Max Raskin & Ilan Kolet
Pennies and nickels have cost more than their face value to mint since 2006, resulting in a loss of at least $436 million to U.S. taxpayers.
The chart of the day shows that in 2012, the penny cost almost 2 cents to make and the nickel more than 10 cents, according to the U.S. Mint’s annual report released in January. Those prices have almost doubled over the past seven years.
Obama: I’ll Veto Any Effort To End Triggered Spending Cuts After Super Committee Fail
By Colby Hall
As you all know, last summer I signed a law that will cut $1 trillion of spending in the next ten years. Part of that law required congress to reduce the deficit by an additional $1.2 trillion by the end of this year.
My message is simple. No. I will veto any effort to get rid of the automatic spending cuts domestic and expense spending. No easy off-ramps on this one.
With Stock Prices Soaring, Investors Fear Another Crash
By Brett Arends
Yale University finance professor Robert Shiller measures stocks against average corporate earnings of the last decade, to smooth out short-term fluctuations. By this…cyclically adjusted price/earnings ratio, the market is now at 23 times earnings—far above the historical average of 16 times, and a level usually associated with stock-market peaks, although the figure has been known to go higher.
Other economists compare stock prices with the theoretical cost of rebuilding those companies from scratch and replacing all their assets, a measure known as "Tobin's q," after the late economist James Tobin. By this indicator, too, U.S. stock prices are far above historical norms.
Historically, stocks bought at elevated levels on the Shiller price/earnings ratio or the Tobin's q and held for a decade have produced poor returns…
U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk
By Yalman Onaran
That label, like a similar one on automobile side-view mirrors, might be required of the four largest U.S. lenders if Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., has his way. Applying stricter accounting standards for derivatives and off-balance-sheet assets would make the banks twice as big as they say they are -- or about the size of the U.S. economy -- according to data compiled by Bloomberg.
“Derivatives, like loans, carry risk,” Hoenig said in an interview. “To recognize those bets on the balance sheet would give a better picture of the risk exposures that are there.”
U.S. accounting rules allow banks to record a smaller portion of their derivatives than European peers and keep most mortgage-linked bonds off their books. That can underestimate the risks firms face and affect how much capital they need.
Using international standards for derivatives and consolidating mortgage securitizations, JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. would double in assets, while Citigroup Inc. would jump 60 percent, third- quarter data show. JPMorgan would swell to $4.5 trillion from $2.3 trillion, leapfrogging London-based HSBC Holdings Plc and Deutsche Bank AG, each with about $2.7 trillion.
Crack Open Retirement Funds to Boost Economy
By John Crudele
With the US debt already more than $16 trillion, and the annual deficit adding around $1 trillion a year to that total, Washington simply can’t continue to spend money in hopes that economic growth will spontaneously erupt.
As you’ve probably heard, $80 billion in automatic budget cuts will occur in eight days. When that happens, the economy — which is barely expanding to begin with — will weaken further.
When it slows, it’ll mean less tax revenue for Washington. And that, in turn, will make it necessary to cut even more spending or raise taxes further, or both.
In normal times, the Federal Reserve would react to a slowing economy by lowering interest rates.
But Ben Bernanke’s Fed — through three editions of quantitative easing — has kept interest rates extraordinarily low for years, and the economy has only been helped marginally.
That’s how things look going into the March 1 crisis called sequestration . Wobbly is the best you can say about this economy; broken would be a more appropriate word.
Congress and the White House might still delay a decision on the automatic budget cuts since stalling is what politicians do best.
Washington may even shock us with some sort of deal. But here’s the catch: No matter what ingredients you use in a deal, a bunch of higher taxes and a bigger dose of spending cuts, or vice versa, it is not going to help the economy grow.
A new ingredient needs to be added to the mix.
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Oh, What a Tangled Web…
By Alfred Adask for Discount Gold and Silver Trading
It’s hard to say when the trouble started. Many believe it began in A.D. 1933 when President Roosevelt declared a “national emergency” and removed all gold coins from domestic circulation.
Others think the trouble started in A.D. 1944, when the US entered into the Bretton Woods agreement that caused the US paper dollar (no longer backed by gold within the US) to be backed by gold relative to foreign countries and thus become the “world reserve currency”.
A domestic paper dollar could still be redeemed for a silver dollar up until 1968—and then the trouble grew worse.
In 1971, President Nixon declared that paper dollars held by foreign governments would no longer be redeemed in gold. At that point, the Bretton Woods agreement was terminated and the paper dollar became a pure fiat currency with no intrinsic value. And that was the trouble.
Without a currency based on real money (gold and/or silver), America suffered a severe recession from 1973 to 1975.
We should’ve suffered an economic collapse or failure of the US fiat dollar (US$) in the 1970s. However, we were saved (at least temporarily) from the natural consequences of fiat currencies when President Nixon cut a deal with Saudi Arabia whereby the US would guarantee Saudi Arabia’s security if the Saudi’s guaranteed to sell their crude oil only for US$. Soon after, similar deals were cut with other oil-producing nations. As a result, if anyone wanted to buy crude oil (and almost every nation did) on the international markets, they had to first have US$ to pay for that crude. Thus, although the US$ was still intrinsically worthless, people needed them to buy crude oil, so there was an international demand for US$ that created the appearance of intrinsic worth. The Nixon administration, the Saudi’s and OPEC had created “petro-dollars”—a worthless fiat US$ implicitly backed by crude oil. Fiat dollars could not be redeemed for gold or silver, but they could be “redeemed” for crude oil.
Nixon’s petro-dollar scheme was brilliant, audacious and unprecedented. It was the first of a host of schemes designed to deceive the world into thinking that the fiat US$ had intrinsic value. But, in truth, since 1968, the US$ has been and remains, an intrinsically-worthless fiat currency.
That’s the trouble. Our “money” has no intrinsic value.
• That trouble (which would’ve been comparatively minor and should’ve been faced back in the early 1970s) is currently manifesting in the form of high unemployment, inflation, an unpayable National Debt and a US recession that might soon be a depression. For over 50 years, our government has fostered scheme after scheme to support the illusion that the fiat US$ has intrinsic value.
For example, because the people believe the Dow Jones Industrial Average (DJIA) is a good measure of whether the economy is advancing or declining, the equities markets are manipulated by government in order to support American “confidence”.
Anyone who doubts that the stock markets are manipulated need only read Presidential Ronald Reagan’s Executive Order #12631 of March 18th, 1988. That EO created the “Plunge Protection Team” (PPT)—a group of high, governmental officers who would act in concert to prevent the stock markets from ever again plunging as they did on “Black Monday” (Oct. 19, 1987)—when the Dow lost over 500 points in one day. Within the next two weeks (just about one year before the next presidential election) stock markets in Hong Kong had fallen 45.5%, Australia 41.8%, Spain 31%, the United Kingdom 26.45%, the United States 22.68%, and Canada 22.5%.
In order to prevent another “Black Monday” (and threat to incumbent politician’s reelections), the government established the PPT to ensure that future, cascading stock market declines be prevented. With EO #12631, it became not only legal but mandatory for government to manipulate of the formerly “free” markets.
Yes, this may have been “good” manipulation in the sense that it prevented sudden market “panics,” but it was still manipulation—and manipulation by law. The unruly free market was no longer in control.
More, once the PPT was authorized to keep the stock markets from falling, it seems certain that some of the smart guys in Washington would realize that, if preventing sudden stock market declines was good for incumbent reelections, causing those same markets to actually increase would be even better. Market manipulation evolved from a defensive strategy to an offensive strategy.
• Given that market manipulation by government was legalized in 1988, it’s no stretch to see that the gold and silver markets—traditional indicators of the fiat dollar’s purchasing power and apparent value—would also be manipulated in order to support a false level of “confidence” in the US economy and fiat dollar.
• The Consumer Price Index (CPI) is another scheme intended to deceive the American people into believing that the fiat dollar has a false level of value. As defined by the Bureau of Labor Statistics, the CPI is "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services" and is therefore a means of calculating inflation rates.
However, government routinely revises the CPI formula to exclude some good or services from the “basket” that indicate high levels of inflation and replace them with other goods and services whose prices are less “inflatable”. By adeptly including some products in the “basket” and excluding others, the CPI can be manipulated to indicate almost any rate of inflation.
The current, “official” CPI and average US inflation rate is about 1.7% per year.
But, according to Bert Dohmen (editor of the Wellington Letter and founder of Dohmen Capital Research Institute), "If you calculate the CPI now as it was calculated in 1980, then inflation is actually around 9 percent.”
Whether the current rate of inflation is 1.7% or 9% is vital to people who lend money or are receiving pensions or So-So Security payments from gov-co.
If you’re lending money at 5% interest and the inflation rate is 1.7%, you’re actually earning 3.3% on your capital. But if you’re lending money at 5% (based on the “official” CPI of 1.7%) while the real CPI is 9%, you’re losing 7.3% of the purchasing power of your capital each year. You’re literally giving your money away.
The US government is the world’s biggest debtor and has a vested interest in keeping the “official” CPI low so as to minimize the actual interest paid to its creditors.
Similarly, retirees’ pensions often include “cost of living” raises based on the CPI. If the CPI goes up 1.7%, those pension payments also rise by 1.7%. If the CPI rises by 9%, the pension pay-outs also rise by 9%. When you talk about programs like So-So Security, the difference between a 1.7% rise and a 9% rise, you’re talking about a lot of extra money received by the SS recipient—and a lot of money paid out by the government.
So, suppose you’re retired, living on SS, and receiving $1,000/month ($12,000/year). If the CPI is 1.7%, your annual SS payments might rise by $17/month ($204/year). That’s not much cause for celebration. But if the CPI really rose by 9%, your SS payment should rise by $90/month ($1,080/year). That’s cause for anguish. That’s equivalent to one month’s pension payment. These numbers don’t reflect an increase in your purchasing power. They only indicate how much your retirement payments must be raised just to stay even with inflation.
Thus, if you’re receiving $1,000 a month and the “official” CPI indicates 1.7% inflation but the real inflation is 9%, then you’re losing 7.3% of your retirement each month ($73/month, $876/year). That’s hurtful.
On the other hand, if government can cause 9% inflation but convince its creditors (including SS recipients) that, according the CPI, inflation is only 1.7%, the government will have robbed its creditors of 7.3% per year. Thus, gov-co has a powerful financial incentive to cause a high rate of inflation while using the CPI to report a low “official” rate of inflation.
• The Congressional Budget Office reports that the true national debt is over $200 trillion. I won’t argue that the CPI applies to all of that $200 trillion. But let’s suppose it did. By convincing the world that the inflation rate (as measured by CPI) was only 1.7%—when it was really 9%—our government could reduce its annual debt payments by 7.3% of $200 trillion = $14.6 trillion—about the size of the annual GDP. That’s big “money”.
How many of you believe government (which is already desperate to sustain the financial illusion that it’s not bankrupt and the fiat dollar isn’t worthless) could resist the temptation to rob its creditors of $10 trillion or more per year?
• The US Dollar Index (“US$ Index”) is another scheme intended to deceive the world as to the fiat dollar’s value. The US$ Index is similar to the CPI in that both involve “baskets” containing a variety of subjects to average together to discover a certain value relative to the US$.
The CPI’s domestic “basket” holds a variety of US goods and services. It’s presumed that by averaging the costs of these various goods and services, we can gain an accurate measure of the current rate of American inflation. It’s presumed that since the CPI “basket” contains a variety of goods and services, the prices of all these goods and services can’t be manipulated by government and therefore the resulting calculation of the inflation rate should be reliable.
But, as we’ve seen, an astute selection of “goods and services” can manipulate the CPI to produce a lower (say, 1.7%) or higher (say, 9%) rate of inflation.
Similarly, the US$ Index is another “basket” but, in this case, of six fiat currencies of six nations (EU, Japan, England, Canada, Sweden and Switzerland) used to discover the value of the seventh national currency—the US$. The current value of each of the six foreign currencies (relative to the US fiat dollar) is calculated, then “weighted” and used to calculate any changes in the value (purchasing power) of the US fiat dollar.
It’s presumed that the relative value of the fiat currencies in the six-nation “basket” are independently controlled by each nation’s government and can’t be controlled by the US. Thus, it’s presumed that the US$ Index offers an accurate, international guide to the value of the US fiat dollar.
But if the seven nations whose currencies comprise the US$ Index were to collude, it would be possible to control the US$ Index so as to produce a result that was intentionally false and misleading.
Why would government want to mislead concerning the value of the US$?
Since A.D. 2000, the US$ Index has fallen from 125 to 80. That’s a 36% loss in the purchasing power of the fiat dollar in 12 years—about 3% per year—as measured against six other fiat currencies that are also losing value.
3% annual inflation isn’t good, but it’s tolerable. However, because the value of the fiat dollar is measured against the values of six other fiat currencies that are also falling in value, the true magnitude of the dollar’s decline is probably much greater than 36% over the past 12 years.
The dollar’s loss of value over the past 12 years may be more accurately reflected by changes in the price of gold. The price of gold in March, 2000 was roughly $300/ounce. Today, it’s roughly $1600. The price of gold is up 533% in 12 years. Conversely, the value of the fiat dollar has fallen by nearly 80%—almost 7% per year. Plus, the gold markets have been manipulated to inhibit gold’s price increases. That implies that over the past 12 years, the real inflation may have been over 7% and possibly closer to the 9% rate previously referenced by Mr. Dohmen.
• Is the US$ Index manipulated? First, the US$ Index was created in A.D. 1973—shortly after the US$ became a pure fiat currency—and about the same time the US$ became a “petro-dollar” implicitly backed by crude oil. The timing alone suggests that the US$ Index was devised by an agreement between seven nations (US, EU, England, Japan, Canada, Sweden and Switzerland) to conspire to manipulate the apparent value of the US fiat dollar.
More recently, the US$ Index’s performance over the past seven months—sometimes higher, sometimes lower, but always hovering around 80—may be evidence of collusion between the seven nations whose currencies comprise the US$ Index.
Judging from the US$ Index’s performance over the last few years, the US$ Index is less of a measure of the dollar’s value than a pretext for a financial group of seven nations to conspire to maintain the illusion of the fiat dollar’s value.
• If it were true that the seven nations of the US$ Index had conspired for the past 40 years to “rig” the US inflation rate reports, will the seven nations continue to do so—or are there forces as work that could disintegrate their former relationships?
Note that the US$ Index is formula that expresses a semi-complex inverse relationship. For example, if you follow the FOREX currency market, you’ll see that the mathematical relationship between currencies are normally presented as “pairs”. We might see the US$/English-pound “pair” or the US$/Japanese-yen “pair”. If the US$ goes up in value relative to the English-pound, the pound must go down in value. If the US$ goes down in value relative to the Japanese yen, the yen must rise in value. The mathematical relationship of these currencies is inversely proportional. When one goes up, the other must go down.
This inverse relationship in these currency “pairs” is evidence of the antagonistic nature of these currency “pairs”. I.e., if the US$ goes up in value in relation to the English pound, American exports will become more expensive and less attractive to foreign purchasers. Simultaneously, the English pound will go down in value (relative to the US$), become cheaper, and thereby stimulate foreigners to purchase more English exports. Insofar as any government is determined to stimulate its nation’s exports, they don’t want—and will be damaged by—any increase in the value of their fiat currency in relation to another fiat currency.
Unlike the FOREX “pairs,” the US$ Index does not express a relationship between two currencies. It expresses the relationship between one currency (the US$) and six foreign currencies. But this more complex relationship is still similar to the FOREX “pairs” in that the relationship between the US$ and the six foreign currencies is also inversely proportional and thus “antagonistic”.
In broad strokes, if the US$ Index rises, the fiat dollar deflates and becomes more valuable while the other six currencies (on average) inflate and become less valuable. I.e., if the US$ Index rose from 80 to 90, the US$ would become more valuable and US exports would decline—but the currencies of the other six nations would become less valuable and their exports would increase. In the alternative, if the US$ goes down in value (inflates), the other six currencies should tend to go up in value. That’s good for US debtors and exporters but bad for the debtors and exporters of the other six countries.
Thus, there’s a tension—even an antagonism—that’s built into the US$ Index. What’s good for one nation is often bad for the other six. Therefore, if any of the seven nations is especially challenged by its current economic condition, it can be forced to act unilaterally to inflate its own currency at the expense of the other six nations participating in the US$ Index. This has already happened with the US QE’s 1, 2 and 3—all intended to inflate the fiat dollar (but also threaten the exports of the six other US$ Index nations). Japan has recently broken ranks by declaring its intention to unilaterally inflate the yen (but also threaten the exports of the six other US$ Index nations). There are reports that Great Britain may be about to unilaterally inflate the pound (but thereby threaten the exports of the six other US$ Index nations).
• Thus, it appears that:
1) Since A.D. 1971, a number of schemes (petro-dollars, CPI, US$ Index, gold and silver market manipulation) have been devised to deceive the public by concealing a fundamental and powerful truth: the US paper dollar is fiat, fraudulent and intrinsically worthless;
2) All of those schemes are beginning to break down; and therefore,
3) The world is quickly approaching a moment when all will admit the truth—the fiat dollar is worthless—and then the “trouble” will be seen and felt by all. Big time.