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Saturday, August 31, 2013

–One poll: What America believes about the likelihood of revolution «#Monetary Sovereignty - Mitchell #Monetary Sovereignty – Mitchell

–One poll: What America believes about the likelihood of revolution «#Monetary Sovereignty - Mitchell #Monetary Sovereignty – Mitchell

Friday, August 30, 2013

Conservative American

Conservative American

130830 – India Gold Confiscation? | The Hyper Report

130830 – India Gold Confiscation? | The Hyper Report

▶ Sen. Paul Appears on Fox and Friends with Tucker Carlson- August 30, 2013 - YouTube

▶ Sen. Paul Appears on Fox and Friends with Tucker Carlson- August 30, 2013 - YouTube

Petroleum to the People | Foreign Affairs

Petroleum to the People | Foreign Affairs

▶ 3 Reasons Not to Go to War with Syria - YouTube

▶ 3 Reasons Not to Go to War with Syria - YouTube

Breaking: Joe Biden Calls for Impeachment if President Takes ‘Nation to War Without Congressional Approval’ | The Tea Party News Network | TPNN.com

Breaking: Joe Biden Calls for Impeachment if President Takes ‘Nation to War Without Congressional Approval’ | The Tea Party News Network | TPNN.com

▶ Economic Unions: The Path to UN World Control | William F. Jasper - YouTube

▶ Economic Unions: The Path to UN World Control | William F. Jasper - YouTube

Syria and the Limits of Comparison | Stratfor

Syria and the Limits of Comparison | Stratfor

Kim Jong-un's ex-girlfriend executed in North Korea? - Truthloader

Sen. Paul Appears on Fox's Hannity- August 29, 2013

AFTERBURNER: First, the Grotesque

Desktop to Your iPad | The Big Picture

Desktop to Your iPad | The Big Picture

Thursday, August 29, 2013

Breaking News: Entergy pulling the plug on Vermont Yankee | Fairewinds Energy Education

Breaking News: Entergy pulling the plug on Vermont Yankee | Fairewinds Energy Education

Scientists achieve human brain-to-brain interface

Scientists achieve human brain-to-brain interface

Pray for Persecuted Christians in the Middle East

▶ Yaron Answers: What Are Your Thoughts On The Apple Antitrust Verdict? - YouTube

▶ Yaron Answers: What Are Your Thoughts On The Apple Antitrust Verdict? - YouTube

▶ Family Farmers Fight Michigan Township For Their Animals - YouTube

▶ Family Farmers Fight Michigan Township For Their Animals - YouTube

▶ FOX NEWS: Expanding Eminent Domain - YouTube

▶ FOX NEWS: Expanding Eminent Domain - YouTube

▶ NOVA | Ground Zero Supertower | Preview | PBS - YouTube

▶ NOVA | Ground Zero Supertower | Preview | PBS - YouTube

Wounded veterans ‘the price of freedom’ | The American Legion

Wounded veterans ‘the price of freedom’ | The American Legion

Missouri poised to enact measure nullifying federal gun laws | Fox News

Missouri poised to enact measure nullifying federal gun laws | Fox News

Pentagon Says Founding Fathers Are Extremists | Friends Of Liberty

Pentagon Says Founding Fathers Are Extremists | Friends Of Liberty

Medical device manufacturer caught ghostwriting 'scientific' articles published in medical journals, downplaying risks of its products

Medical device manufacturer caught ghostwriting 'scientific' articles published in medical journals, downplaying risks of its products

Revealed: Obama Planned Attack on Syria in 2011 - YouTube

Revealed: Obama Planned Attack on Syria in 2011 - YouTube

Save Us Chuck - Left Lane Vigilantes - YouTube

Save Us Chuck - Left Lane Vigilantes - YouTube

130829 – Who is Lying? | The Hyper Report

130829 – Who is Lying? | The Hyper Report

California City Tramples Property, Contract Rights - Absolute Rights

California City Tramples Property, Contract Rights - Absolute Rights

50 years following MLK’s “I Have A Dream”…Complimenting Black Cuisine Is Now Racist - Watchwoman on the Wall

50 years following MLK’s “I Have A Dream”…Complimenting Black Cuisine Is Now Racist - Watchwoman on the Wall

TRIFECTA - Teen Sex Shocker: 'Slane Girl' Reveals the Dark Morality of the Internet - YouTube

TRIFECTA - Teen Sex Shocker: 'Slane Girl' Reveals the Dark Morality of the Internet - YouTube

Digital autopsy: Replacing scalpels with scanners

Digital autopsy: Replacing scalpels with scanners

Obama's Bluff | Stratfor

Obama's Bluff | Stratfor

The President and the Power to Declare War | Tenth Amendment Center

The President and the Power to Declare War | Tenth Amendment Center

Obama to Americans: "I Adore Incompetent People!"

Obama to Americans: "I Adore Incompetent People!"

Mish's Global Economic Trend Analysis: Tired of Perpetual War? What Can You Do About It?

Mish's Global Economic Trend Analysis: Tired of Perpetual War? What Can You Do About It?

Lanny Davis Wins Money From Dictator | New Republic

Lanny Davis Wins Money From Dictator | New Republic

Internal Documents Reveal How the FBI Blew Fort Hood | Mother Jones

Internal Documents Reveal How the FBI Blew Fort Hood | Mother Jones

“Experts” Who Are Always Wrong About Everything Want to Bomb Syria - Lawyers, Guns & Money : Lawyers, Guns & Money

“Experts” Who Are Always Wrong About Everything Want to Bomb Syria - Lawyers, Guns & Money : Lawyers, Guns & Money

Syria crisis: UK and US finalise plans for military strikes | World news | The Guardian

Syria crisis: UK and US finalise plans for military strikes | World news | The Guardian

We Redesign Bad Websites | Digett

We Redesign Bad Websites | Digett

Wednesday, August 28, 2013

Three reasons to drink less alcohol

Three reasons to drink less alcohol

▶ Airport baggage scanning technology makes flying safer for Americans - YouTube

▶ Airport baggage scanning technology makes flying safer for Americans - YouTube

▶ Drawn Into Syrian Conflict? - YouTube

▶ Drawn Into Syrian Conflict? - YouTube

▶ Matthews Says Criticism of Obama Due to Racism - YouTube

▶ Matthews Says Criticism of Obama Due to Racism - YouTube

▶ My New "Oppositional Defiance Disorder" Support Group - YouTube

▶ My New "Oppositional Defiance Disorder" Support Group - YouTube

▶ Stocks Bounce Back as Investors Weigh Impact of Syrian Conflict - YouTube

▶ Stocks Bounce Back as Investors Weigh Impact of Syrian Conflict - YouTube

Nation’s only black Senator not invited to speak at March on Washington

Nation’s only black Senator not invited to speak at March on Washington

QOTD: “One Party State” | The Big Picture

QOTD: “One Party State” | The Big Picture

Facebook: Governments demanded data on 38K users - SFGate

Facebook: Governments demanded data on 38K users - SFGate

Smartphones and broadband | Pew Internet & American Life Project

Smartphones and broadband | Pew Internet & American Life Project

Pentagon Labels Founding Fathers, Conservatives As Extremists - Liberty Crier

Pentagon Labels Founding Fathers, Conservatives As Extremists - Liberty Crier

Fukushima in freefall: radioactive water filters taken offline, Tepco in desperation as leaks just won't stop

Fukushima in freefall: radioactive water filters taken offline, Tepco in desperation as leaks just won't stop

▶ DHS Employee Responsible For Racial Hate Site On Paid Leave - YouTube

▶ DHS Employee Responsible For Racial Hate Site On Paid Leave - YouTube

Obama’s Brother, Malik Obama, Directly Tied To Muslim Brotherhood & Lois Lerner Helped Provide Him Tax Exempt Status : Freedom Outpost

Obama’s Brother, Malik Obama, Directly Tied To Muslim Brotherhood & Lois Lerner Helped Provide Him Tax Exempt Status : Freedom Outpost

▶ Hal screws the pooch - YouTube

▶ Hal screws the pooch - YouTube

40 Maps That Will Help You Make Sense of the World «TwistedSifter

40 Maps That Will Help You Make Sense of the World «TwistedSifter

International Forecaster

THE INTERNATIONAL FORECASTER
Saturday, August 24, 2013
8/24/13 #7
E-MAIL ADDRESS
For correspondence to us:
CHECK OUT OUR WEBSITE



Radio Show:

James Corbett with Dr. Stan Monteith “Why the Bond Bubble Matters”
http://www.corbettreport.com/interview-724-radio-liberty-why-the-bond-bubble-matters/
James is on with Dr. Stan on Mondays 


WORLD MARKETS

India on the Brink
By James Corbett
Far from being a month where the public (and thus the news cycle) goes on holiday, August of 2013 has been a month of incredible tumult, turmoil and upheaval around the world. The fate of Egypt continues to hang in the balance as the murderous military regime does battle with the authoritarian Muslim Brotherhood, squeezing the public in the middle. The Syrian situation threatens to explode once again, with reports and images suggesting a horrific (and highly dubious) chemical weapons attack has upset the balance of power in that NATO-backed overthrow of Assad's government. The European sovereign debt crisis continues to simmer, with a third Greek bailout package looking more and more inevitable even as Greek unemployment hits record highs. Meanwhile back in the States, further indications of the NSA's unconstitutional abuses continue to emerge while the UK government shows they are willing to go to extraordinary lengths to take part in the crackdown on journalism.
With all of this turmoil, perhaps it is unsurprising that the pending collapse of a major developing economy is receiving scant notice in the international press. But, sadly, this is exactly what is taking place in India, once the proud middle of the seemingly world-conquering BRICS nations, now reduced to that increasingly marginalized groupings' least stable member. Anyway you slice it, the Indian economy is in deep trouble, and the rosy projections of 8-9% GDP growth that were made just five years ago have proven not only incorrect, but laughably so.
Some have compared India's situation today to that of its economic crisis in 1991: a plummeting rupee; policy paralysis; rampant corruption; a burgeoning current account deficit. Indian PM Manmohan Singh is quick to deny the comparisons: “There is no question of going back to 1991,” he reassured the country last Saturday. “At that time foreign exchange in India was a fixed rate. Now it is linked to market. We only correct the volatility of the rupee.” And he should know. In 1991 Singh was the Finance Minister who helped pull the country out of its tailspin. This time around, however, it's his political legacy on the line and his denials have to be taken with a grain of salt.
The truth is that India is facing a growing current account deficit, a rupee in freefall, a worrying inflation rate and even more worrying capital outflow problem. To end the 1991 crisis, India was forced to turn to the IMF for a loan. Although there is no indication that things are that bad this time around, such a move were it to take place would be disastrous for a country that was supposed to follow in China's footsteps as an emerging economy that would lead the developing world in growth as it pulled itself out of poverty.
To be fair, the origins of this crisis cannot be laid solely at the feet of Singh's government. Suggestions that the Federal Reserve will begin tapering its ongoing easing efforts later this year has caused a buoying of the US dollar and a subsequent outflow of funds from emerging markets generally as they are repatriated to the States. That outflow has helped spur the rupee crash, with the currency hitting record lows after having shed 40% of its value in two years. This has caused an attendant fall in the Bombay Stock Exchange. The subsequent rise of US treasury yields has been the second part of this double-whammy, as US treasury rates factor into capital costs globally, making it even harder for India to finance its own debt, expected to run over US$250 billion over the course of the coming year.
But as much as these factors have been out of the control of Singh's government, it is governmental incompetence, inaction, and overreach that have brought it to the brink of economic crisis. India has never been known as a country conducive to business. Its bureaucratic red tape and inflexible labor and energy markets are the stuff of lore. Rather than utilize the boom years of the past decade to streamline its economy and prepare it for the growth that they were expecting, however, they actually managed to make things worse. Not only has shoddy infrastructure not been significantly improved, the corruption and red tape that are so much a hallmark of the Indian economy have actually grown worse. As a result, the recent volatility has had devestating effects. Inflation is now running at 10%, while growth is down to 4% and slowing. Capital investments (both foreign and domestic) are being slashed, and now the government is worrying about how to stop the bleeding.
The government's responses to these setbacks have been pathetic at best. Comically insignificant measures, including a 36% tax on flatscreen TVs, are just the tip of the iceberg. More worrying by far are capital control measures that the government is bending over backwards to deny are capital controls, including limits on the quantity of funds businesses and individuals can move out of the country. Moves this past week by the Reserve Bank of India to calm markets by selling dollars, buying bonds, and reassuring the country that there would be no new capital controls seem belated at best.
To make matters worse, India also happens to find itself in the midst of a giant (and growing) housing bubble. Year on year growth in the housing market is slowing down somewhat, but only marginally, and prices continue to expand. Compounded growth since March 2009 shows the housing market growing at an annualized rate of 21%, with prices having doubled in that time. And now the bubble is showing signs of popping; quarter on quarter growth has slowed to its second lowest level on record and as credit contracts, the wave of defaults is going to turn the market red.
In all of this mess, gold has become one of the targets of the current administration. Blaming the ballooning current account deficit on gold imports in the famously gold-crazy nation, the government has taken a series of measures to curb gold imports. In January the government raised duties on both gold imports and raw gold. On March 1st India's finance minister made a personal appeal to the nation to stop buying so much gold. In June they increased gold import duties once again. Later in June India's largest jewelers association enacted a voluntary ban on the sale of gold coins and bars. Then on August 13th they raised the gold import duty yet again and the following day banned import of coins and medallions. Add to all of this the fact that the weakening rupee has led to increases in the price of gold throughout the country, and it is staggering to find that India's gold consumption actually rose to 310 tonnes in Q2, the highest quarterly consumption rate in the past decade. Now, experts are warning that all of the increases in gold duties are less likely to curb demand for the yellow metal and more likely to raise the amount that is smuggled into the country illegally this year.
So what is the way out of this mess? In years past, analysts may have looked to India's BRICS brethren to come riding to its rescue in this time of crisis. The BRICS, after all, were supposed to take over the world, parlaying phenomenal growth rates in the past decade into a game-changing upending of the world economy by the latter half of the century. This is no longer the case. Now analysts are openly turning their back on the BRICS concept, with the likes of bigshot Indian investment manager Ruchir Sharma claiming that the BRICS era is now over. It's hard to argue with that assessment, especially when looking at the numbers. All of the BRICS members have taken a hit as foreign investment (fueled in recent years by quantitative easing in the US, Europe and elsewhere) begins to flock back to supposedly safer ground in the USA, leaving the formerly high-flying developing nations in the difficult position of having to transform from export-driven economies dependent on foreign capital to self-sufficient economies driven by internal demand. China is the only one even remotely capable of doing that, and even that is questionable at this point. As for the BRICS nations banding together at this crucial juncture, there seems to be little hope of that either. The South African Trade and Industries Minister was recently quoted sniping at India, saying that their instability is dragging the whole grouping down.
Indians or those looking to invest in India may want to find some bright spot in all of this to console themselves with. Some take solace in the fact that export growth last month reduced the trade deficit ever so slightly. Others point to the recent appointment of Raghuram Rajan, a forward-thinking economist who predicted both the global slowdown and the current Indian slowdown, as governor of the Reserve Bank of India. Yet others take solace in upcoming elections, due to take place before May of next year, that will give the country a chance to wipe the slate clean.
In reality, none of these factors are likely to prevent the severe correction that is coming to India. The real solace, it seems, is to be found in the long view. After all, just as the crisis of 1991 helped motivate reforms that eventually set the stage for the growth of the last decade, so too can this crisis be used to motivate true market reforms that will encourage the investment that the country's capital markets so sorely need. It may be little consolation to the billion plus Indians who will have to suffer through this crisis, but it may be all they have for the moment.


Your Source for Freeze Dried Food in an Uncertain World.
(866) 404-3663 or email: fdg@FreezeDryGuy.com

Emerging market rout threatens wider global economy
By Ambrose Evans-Pritchard
The $9 trillion (£5.8 trillion) accumulation of foreign bonds by the rising powers of Asia, Latin America and the emerging world risks going into reverse as one country after another is forced to liquidate holdings to shore up its currency, threatening to inflict a credit shock on the global economy.
Dilma Rousseff, Brazil’s president, held an emergency meeting on Thursday with her top economic officials to halt the real’s slide after it hit a five-year low against the dollar. The central bank chief, Alexandre Tombini, cancelled his trip to the Fed’s Jackson Hole conclave in order “to monitor market activity” amid reports Brazil is preparing direct intervention to stem capital flight.
The country has so far relied on futures contracts to defend the real – disguising the erosion of Brazil’s $374bn reserves – but this has failed to deter speculators. “They are moving currency intervention off balance sheet, but the net position is deteriorating all the time,” said Danske Bank’s Lars Christensen.
A string of countries have been burning foreign reserves to defend exchange rates, with holdings down 8pc in Ecuador, 6pc in Kazakhstan and Kuwait, and 5.5pc in Indonesia in July alone. Turkey’s reserves have dropped 15pc this year.
“Emerging markets are in the eye of the storm,” said Stephen Jen at SLJ Macro Partners. “Their currencies are in grave danger. These things always overshoot.”



US MARKETS

The Spiral To Where? 
By Bob Rinear
You all know the old adage that says “the only constant is change” which I absolutely believe in. Love something long enough and over time it will change or disappear. Whether you’re speaking of the climate, or the Geography, or just the “Tuesday night bowling league” given enough time…it will change.  Right now in America, it isn’t just the fact that things are changing that gets me so amazed, it’s how fast things are changing and how diverse those changes are. 
We write mostly about the economy and the markets. But the economy isn’t some separate entity over in the corner by itself. The economy is the lump sum total of all things.  Most people wouldn’t consider that attitudes, thoughts or ideas are the basis of the economy. Yet in the most realistic sense, EVERYTHING starts out as an idea. Where it goes from there will determine the effect on the entire globe. 
Consider for one second, the chair you’re sitting on right now. That chair didn’t just appear out of thin air. Someone had to have the idea for that chair. They had to dream it up, and then put it on paper. They had to ponder the angle of the back, the proper cushioning, whether it would roll or be stationary. That idea then became a blueprint. From there it went on to being produced. When it became a production item, at that instant the economy was impacted. Suppliers of steel had to produce the metal parts. The Iron ore miners had to mine more material to create the steel.  A fabric cutter had to secure the proper upholstery and machines and people had to be employed to put it all together. 
From that one simple idea, the lives of a thousand people were touched.  This goes for every single thing you have ever seen or touched or used in your life.  The simple pencil that you might have bought for your child to take to school this week is as common as raindrops. Yet it was once someone’s idea. But we take for granted the incredible “market” that is affected by the manufacture of one.  You need the graphite for the lead. There’s the miners. You need the copper for the ferrule that holds the eraser. You need the gum rubber for the eraser. You need the wood for the shaft. Half a dozen parts that make up the common pencil and yet no one man could do it. It takes hundreds if not thousands of people “doing things” to create one. 
Thus, we have no choice but to pay attention to ideas. Look at Apple Computer. Arguably one of the top five most successful companies of modern day. Yet AAPL only became great because Steve Jobs had ideas that he pushed forward and made those ideas come to life as material items.  Without the idea, the attitude, the vision…nothing would have happened. 
Politics is a visible area where ideas and attitudes have a profound effect on the economy. Take Obama. He is NOT small business friendly.  His vision of “insurance for all” has had and will have a profound effect on the global economy. Already we see 80% of all new jobs being part time. Already we see thousands of instances such as UPS dropping insurance coverage’s for spouses of employees. The “idea” therefore has to be examined for the resultant effect of its implementation. In the case of our chair or pencil example, the outcome was a net “good” for the economy. Many people were employed to implement the idea. In the case of Obama Care, the “feel good” portion of its idea probably makes people feel warm and fuzzy inside.  But the cost to the economy could be on a scale rarely seen. 
Likewise when examining ideas and attitudes, some are relatively easy to see how the outcome of the idea implemented will affect people and the economy. ( take the Chair or pencil or Ipad for example) Other things aren’t as easy to discern yet will indeed have an impact. Judging the good or bad of that impact isn’t forthright some times. 
For instance, we see that in California, Governor Brown has passed his agenda to let kids with  “gender identity”  issues use each others bathrooms and showers. So if little Bobby who’s anatomically a male, says that he feels like he’s a girl, he is now welcome to use the girls bathroom, play on girls sports teams and use the girls showers.  While that may make the people who champion for LGBT’s happy, what does it do  to the overwhelming amount of folks that aren’t struggling with gender identity?  Just because little Bobby feels better now, how is that right if the other 25 girls in the shower feel uneasy having a “male” body in there?  
In New Mexico, a judge has ruled against a business that didn’t wish to photograph a gay wedding. In fact the NM supreme court said that it violates human rights….
The New Mexico Supreme Court ruled on Thursday that, by refusing to photograph a gay wedding, a photography studio violated the New Mexico Human Rights Act The court found that Elane Photography’s refusal to serve Vanessa Willock violated the act, which “prohibits a public accommodation from refusing to offer its services to a person based on that person’s sexual orientation,” according to the ruling.
The owners of Elane Photography, Jonathan and Elaine Huguenin, “are free to think, to say, to believe, as they wish” Bosson wrote. Nevertheless, in the “world of the marketplace, of commerce, of public accommodation, the Huguenins have to channel their conduct, not their beliefs, so as to leave space for other Americans who believe something different.”
Doing so, Bosson said, is “the price of citizenship.”
(National Review)
What will be the ultimate economic result of these sorts of things? They started out as ideas, then agenda’s and now implementation. What’s left to see is the result. Does letting a confused boy use the girls locker room help the economy, or take away from its expansion? Does telling a business owned by private individuals that they “MUST” photograph something that goes against their belief, end up as a good for society, or a minus? 
I’m on record as not being happy about the double standard the media and our President has taken concerning race relations in this country. While Al and Jesse flew quickly to Florida to express their rage about a white killing a black, and the media literally prostituted itself, lied and changed facts to present this as a white hate crime… since then there’s been 9000 black on black murders since the Trayvon martin case. Where’s the media? Where’s AL and Jessie? 
In Missouri the rodeo clown at the State fair put on an Obama mask and ran around making jokes. The NAAPC was “outraged” called it a hate crime and went ballistic.  The state sent all rodeo clowns to indoctrination school to learn sensitivity training. The clown with the mask was fired. Much uproar over nothing at all. Yet when 3 blacks shot a white kid here from Australia on a scholarship because they were “bored”, where’s that same “outraged” NAACP?? Where’s Obama? Where’s AL and Jessie?  No where to be found. Crickets.  In dozens of black on white killings the media is absolutely silent. Don’t they understand that not reporting that news, while sensationalizing a white on black killing gets folks upset? 
There are indeed outcomes to EVERY idea that gets put into motion. Some outcomes are really quite tremendous and a boon to society. When society prospers, the economy prospers. Others are not good and hurt society and the economy. We are at a time where all the prevailing ideas that created America the Great are being whittle away. Changed. Made illegal.  What’s the ultimate outcome of all this?  
We don’t know for sure, but we can certainly make guesses. My guess is that America never returns to the greatness she once enjoyed. Oh sure we can have the biggest strongest military, no doubt. But that’s not what made us great. We were great because people were different. We were financially and economically stable. We had morals. We used common sense. We didn’t feel like everyone owed us a living. Today those concepts are foreign. So, again if the ideas values and attitudes that got us great are being dismantled…can we be great again? I hate to say it, but I don’t see how. 
We’re five years into an economic meltdown, put on hold by printing trillions of dollars to prop it up. At some point that plan fails. Then what? Where’s the ideas for creating thousands of small businesses? Where’s the idea of fair trade tariffs? Where’s the ideas of less Governmental intrusion? Where’s the ideas to do away with Gestapo style EPA laws? Where’s the ideas to use our resources for energy independence?  Nowhere.  All we’re left with is ideas about “sensitivity” and “feel good”. 
They’re both nice ideas. But they won’t put a roof over your head, food in your mouth and clothes on your back.  We need to dust off some old ideas of the past if we’re going to get out of this mess. Frankly I don’t see any of them on the horizon. Such a shame. 

Rotten at the Common Core
By William Horning
It’s that time of year again. Most parents are lining up to send their children off to the local government indoctrination center otherwise known as public schools. Karl Marx would be happy, noting in his Communist Manifesto that “government controlled schooling is essential to achieving the goal of socialism.” John Dewey, the first head of the National Education Association (NEA) would also be very happy: 
“The battle for mankind’s future must be waged and won in the public school classroom. The Classroom must and will become the arena of conflict between the old and the new – the rotting corpse of Christianity and the new faith of humanism.” Do I have to tell you which side is winning? 
Every totalitarian state has tried it. Five days of school more than overcomes one hour or so in church, even if your church’s teaching are Biblically sound. Why do parents allow this to happen?  Because they, for the most part, do not know what is going on in the schools and classrooms. It’s easy, traditional, and we think we came out ok, but, in reality, we didn’t. Their fate will be much worse.
Texas is one of just five states to have so far refused to fully adopt common core. It is the leader of the resistance. Of course, Texas schools are not without massive problems, as it, along with the rest of the nation, has been dumbed-down by curriculum degrading over many years.  It will be very difficult for any state to stand up to this assault on states rights for long. 
What is Common Core? Common Core State Standards Initiative (Common Core) appears to be the final step in the long-time process of nationalizing education. It is the largest assault on children and parents by way of education in history. Funded by billionaire eugenicist Bill Gates assisted his favorite hobby group - Planned Parenthood, and pushed by the un-constitutional U.S. Department of Education, the plan has been to sneak it in almost un-noticed. 
Conserfatives (uninformed conservative marshmallows) have allowed communitarianism (a blend of fascist, socialism and communism) to grow right before their eyes as Soviets (which are called the National Governors Association (NGA) and the Council of Chief State School Officials (CCSSO) plan for and copyright the secret standards.
The new standards will help to phase out dangerous thinkers. This way, we can have a UN one-world education system for control – the goal is not education, but the production of compliant, dependent, uneducated citizens. English and Language Arts standards will reduce reading of classical literature and the opportunity to develop critical thinking skills. 
Secretary of Education, Arne Duncan, points out that education “is the most powerful weapon which you can use to change the world,” and that we will work closely with global partners like UNESCO. Eagle Forum President, Phyllis Schlafly notes that literature classics will be replaced by reading government documents (how about one on Global Warming?) or maybe reading one of the Executive Orders of the President. 
Schlafly points out that 85% of the curriculum will be mandated by the Federal standards, allowing only 15% local input. She gives the example of cursive writing being cut of the curriculum in favor of “keyboarding”.
Math standards will be less vigorous and often pushed back to later grades. In addition, some of the standards actually have errors in them. Wait until they send out the “sure to be controversial” history standards. A high-school history teacher points out that, for example, “there’s nothing in Common Core about being able to explain why America seceded from Britain, or how the Constitution fulfills the ideal outlined in the Declaration of Independence of protecting God-given rights.”
Up to the 1960’s, funding and control was a state and local responsibility. It should still be. Canada, for example, has no national control of education. What happened? We had better stop this nonsense now. Homeschoolers and private schools will not escape. Textbooks and national testing will be standardized to the Common Core. Some home school curricula companies are already conforming.
One of Common Core’s chief architects, David Coleman, just became president of the College Board last year. How convenient. Former IBM head, Louis Gerstner, Jr., (CFR/Bilderberg) heads Achieve, Inc., a group of establishment governors and corporate titans pushing to smash local control of education.

No lie is left untold; no money deals (carrots) and sticks, (threats) unused to con the states. They are encouraged to sign on before the standards are even published, just like Nancy Pelosi said about Obamacare; you have to pass it before you can read it. 
Political opposition is building on Common Core just like it is on Obamacare, because the more you know about both, the worse they get. The compromised GOP and Tea Parties will likely fail to defund the “designed to fail” Obamacare. Will it be ditto for Common Core? Part 2 next week.

Federal Spending by the Numbers, 2013: Government Spending Trends in Graphics, Tables, and Key Points
By Romina Boccia, Alison Acosta Fraser & Emily Goff
The nation’s long-term spending trajectory remains on a fiscal collision course. Total spending has exploded by 40 percent since 2002, even after inflation. Some programs have grown far in excess of that. Defense, however, has been slashed. Social Security, Medicare, Medicaid, and Obamacare are so large and growing that they are on track to overwhelm the federal budget. While the Budget Control Act of 2011 and sequestration are modestly restraining the discretionary budget, mandatory spending—including entitlements—continues growing nearly unabated. Without any changes, mandatory spending, including net interest, will consume three-fourths of the budget in just one decade.
Obamacare will add $1.8 trillion to federal health care spending by 2023. By 2015, health care spending will overtake Social Security as the largest budget item, including Obamacare’s coverage expansion provisions: a massive expansion of Medicaid and subsidies for the new health insurance exchanges.
While mandatory spending is growing out of control and needs reform, there are also plenty of places to cut in the rest of the budget. For example, the Internal Revenue Service spent $4.1 million on a lavish conference in 2010 for 2,609 of its employees in Anaheim, California. Expenses included $50,000 for line-dancing and “Star Trek” parody videos, $135,350 for outside speakers, $64,000 in conference “swag” for the employees, plus free meals, cocktails, and hotel suite upgrades.
Beyond waste, the federal government is too big. Energy spending increased over 2,000 percent since 2002—after adjusting for inflation. Today there are roughly 80 means-tested anti-poverty programs.
Washington must stop kicking the can down the road, or we could soon find ourselves teetering on the edge of a Greece-style meltdown. Instead, lawmakers should eliminate waste, duplication, and inappropriate spending; privatize functions better left to the private sector; and leave areas best managed on a more local level to states and localities. And they should make important changes to the entitlement programs so that they become more affordable and benefits help those with the greatest needs.
It is not too late to solve the impending spending and debt crisis, but the clock is ticking.
The Federal Budget
  • ¥ Washington will spend nearly $3.5 trillion in 2013 while collecting $2.8 trillion in revenues, resulting in a deficit of $642 billion.
  • ¥ Over the past 20 years, federal spending grew 63 percent faster than inflation.
  • ¥ Mandatory spending, including Social Security and means-tested entitlements, doubled after adjusting for inflation. Discretionary spending grew by 49 percent.
  • ¥ Despite publicly held debt surging to three-fourths the size of the economy (as measured by GDP), net interest costs have fallen as interest rates have dropped to historic lows.
  • ¥ In 1963, defense spending was 9 percent of GDP and mandatory spending on entitlement programs was 6.1 percent of GDP, one-third lower.
In 2013, spending on defense is at about 4 percent of GDP and falling, while mandatory spending (including net interest) is reaching 14.5 percent of GDP and growing.
Where Did All the Money Go?
  • ¥ 31 cents of every dollar Washington spent in 2012 was borrowed, resulting in a $1.1 trillion deficit.
  • ¥ 45 percent, or almost half of all spending ,went toward paying for Social Security and health care entitlements (primarily Medicare and Medicaid). In 2002, that was only 25 percent. Without reform of these massive and growing programs, Washington will have to borrow increasing amounts of money, piling debt onto younger generations and putting the nation on a dangerous economic course.
  • ¥ Social Security is the largest federal spending program and has held this position since surpassing defense in 1993.
  • ¥ Medicare is one of the largest and fastest-growing programs in the entire federal budget.
  • ¥ The U.S. Postal Service has been losing money for several years and is drawing down reserves to cover losses. Congress should allow the USPS to restructure and meet the needs of today’s marketplace. Otherwise, taxpayers will be on the hook when reserves run out.
Energy spending has exploded, yet the increases in oil and gas production have happened on state and private lands.
Budget Trends
  • ¥ Total federal spending will grow by 69 percent over the next 10 years, even with sequestration cuts. Without sequestration it would grow by 74 percent.
  • ¥ Total annual spending will increase by $2.4 trillion, growing from $3.5 trillion in 2013 to $5.9 trillion in 2023.
  • ¥ Net interest costs are projected to grow the most by far. They will more than triple over the next decade, exploding from $223 billion in 2013 to $823 billion in 2023. This growth assumes today’s abnormally low interest rates increase only modestly.
  • ¥ Mandatory spending, the part of the budget that grows on autopilot, excluding net interest will grow by 79 percent over 10 years.
  • ¥ Social Security, Medicare, and Medicaid are 82 percent of mandatory program spending today and have no budget limits.
  • ¥ Discretionary spending, the part of the budget that Congress budgets each year, will increase by 17 percent over 10 years, but only if lawmakers enforce sequestration.
  • ¥ Discretionary spending as a share of the budget will fall from two-thirds in 1963 to less than one-quarter in 2023 as entitlements grow uncontrolled.
Mandatory spending will grow from one-quarter of the budget in 1963 to 62 percent by 2023. When net interest is added, this spending would consume three-fourths of the budget.
Chronic Deficits Continue
  • ¥ Budget deficits occur any year that Congress spends more than it collects in taxes.
  • ¥ In 2013, Congress will borrow 19 cents of every dollar it spends.
  • ¥ Deficits will fall in 2013 because of higher revenues from an improving economy, higher taxes passed with the fiscal cliff deal, and spending cuts from the Budget Control Act caps and sequestration.
  • ¥ Sequestration cuts largely keep entitlements untouched, so they do little to prevent a return to trillion-dollar deficits.
  • ¥ Deficits fall below a half trillion dollars once in 2015 but begin growing immediately, reaching trillion-dollar levels by 2022, as entitlement spending continues unabated.
  • ¥ The deficit is projected to grow from $642 billion in 2013 to $1.078 trillion by 2023, a 68 percent increase.
Despite tax revenues returning to normal levels, the federal budget will have large deficits in each year because spending will continue to grow well beyond historical levels.


▶ Full Show 8/19/13: Ron Paul special guest in Conversations with Great Minds - YouTube

▶ Full Show 8/19/13: Ron Paul special guest in Conversations with Great Minds - YouTube

▶ The Truthseeker: US civil war is coming (E22) - YouTube

▶ The Truthseeker: US civil war is coming (E22) - YouTube

My UK friend Again

Awaken the Sheeple, Stand-off with U.S. with cohorts France and U.K. against Russia etc. off the coast of Syria, larger scale conflict in Middle-East coming soon? Precious metals has spiked up, market bullish for coming weeks! Greece gets another bailout just before German elections, headache for Her Merkel! Do watch Ron Paul channel!

▶ US Supported Chemical Weapons Use By Iraq - YouTube

▶ US Supported Chemical Weapons Use By Iraq - YouTube

▶ Only In America - YouTube

▶ Only In America - YouTube

Obama And Biden Speak Out Against Military Action Without Congressional Approval...In 2008 - Liberty Crier

Obama And Biden Speak Out Against Military Action Without Congressional Approval...In 2008 - Liberty Crier

Obama Promises Mayors More Executive Actions On Gun Control - Liberty Crier

Obama Promises Mayors More Executive Actions On Gun Control - Liberty Crier

Congressman Massie: Obama Actions Against Syria Will Be "An Act Of War" - YouTube

Congressman Massie: Obama Actions Against Syria Will Be "An Act Of War" - YouTube

▶ Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13) - YouTube

▶ Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13) - YouTube

▶ Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13) - YouTube

▶ Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13) - YouTube

▶ Save Us Chuck - Obamacare & Congressional Brain Drain - YouTube

▶ Save Us Chuck - Obamacare & Congressional Brain Drain - YouTube

▶ Does Merit Matter - YouTube

▶ Does Merit Matter - YouTube

International Forecaster

THE INTERNATIONAL FORECASTER
Saturday, August 17, 2013
8/17/13 #5
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WORLD MARKETS

Who's Telling the Truth on China?
By James Corbett
It was the Sentence Heard Round the Blogosphere. The Sentence That Launched a Thousand Headlines. The Sentence to End All Sentences. Or so some would have us believe:
“People’s Bank of China official Yao Yudong has an article in the China Securities Journal calling for a new 'Bretton Woods'.”
This titillating tidbit appeared as a breaking news item on Bloomberg and then was widely posted around the blogosphere, exciting quite a bit of speculation for such a tiny piece of information. Some outlets even wondered if this meant that China was preparing for a new gold standard.
Speculation about China's newfound lust for gold is not altogether unwarranted. After all, I have noted myself on several occasions the incredible rate at which China is buying and importing gold at the moment. We have also noted that the official Chinese gold holdings of around 1000 tonnes are woefully out of date by now and likely to be 3 or 4 times that amount (some speculate 7,000 or even 10,000 tonnes is the correct figure). But that it is preparing for a new gold standard is not the most likely conclusion at this point. And it certainly isn't warranted from the actual article in question.
When an (admittedly crude) English translation of the original article at last appeared online, it showed that Yudong (the Head of the PBOC's Monetary Policy Department) was not in fact arguing for a gold standard such as that which undergirded the original Bretton Woods agreement:
“In multivariate sovereign monetary system, it is necessary for the international currency issuing country's currency to be properly bound to create an enabling management of global liquidity 'anchor.' However, faced with the dilemma, on the one hand, return to the 'gold standard' is not feasible, the collapse of the Bretton Woods system has proved this point; the other hand, human society so far, in addition to gold and other precious metals can not find sufficient available outside the letter 'anchor'.”
  What this (computer-generated) translation indicates is that Yudong in particular (and, as we shall see, the PBOC in general) is not interested in returning to a gold standard. In fact, the article goes on to specifically argue that the IMF's Special Drawing Rights (SDRs) should become the “anchor” in the “new Bretton Woods” system.
SDRs are IMF-administered assets that can be used as foreign exchange reserves. They were originally intended to help ease the gold liquidity crunch that happened in the 1960s as the number of dollars in circulation exceeded the amount of gold backing them up, and the official Bretton Woods-specified rate of US$35 to an ounce of gold began to break down in international exchanges. It is not a currency itself so much as a claim that a central bank can hold on one of four currencies: the Euro, the yen, the pound or the US dollar. This “basket” of currencies determines the value of an SDR, and spreading this value out over four major world (fiat) currencies supposedly provides the “anchor” that the gold standard can no longer provide in this age of never-ending liquidity.
What China has been arguing since PBOC Governor Zhou Xioachuan's 2009 essay “Reform the international monetary system” is that SDRs are the way to undergird a new global reserve system, and that China should be a part of it. The essay made waves in the central banking community at the time, calling the SDR “the light in the tunnel for the reform of the international monetary system.”
This puts China's recent gold-lust into perspective. They are not trying to create a new gold standard, or tie the yuan to gold in some convertibility scheme. They are trying to gussy up their financial bona fides to get the yuan added to the SDR basket during its next reevaluation in 2015. Increasing their gold holdings to as much as (or more than) the US' (claimed) 8,000 tonnes would certainly be an impressive feat, and one that could give them legitimacy in the eyes of the international central bankster community.
Sadly, unlike the people who saw the one sentence summary of Yudong's essay and surmised that China may be about to pull the plug out from the bankster's QE bathtub, it seems that they're playing ball after all and just angling for a spot on the roster.
This type of wild mis-reading of the situation is perhaps to be expected. Despite its increasing importance in international economics and finance, few observers outside of the specialists who devote themselves to studying China's growing economy understand much about it or the people behind it (let alone can actually read the articles and essays in the original Chinese).
This has led to a worrying situation. Much speculation is bandied about with regards to China's economy. Many thousands of gallons of printer ink (or its electronic equivalent) have been spilled dissecting the latest Chinese GDP estimates or manufacturing figures. Much debate has taken place among the bloggers and talking heads about how China will or will not act to upset the global economy in the coming years. But how much of this is informed speculation, and how much is based on second or third-hand (mis)interpretation of poorly translated—or even completely fabricated—information?
Take the GDP numbers, for instance. Much has been made about China's supposed slumping GDP, with growth slowing to 7.5% in the first second quarter from 7.7% in Q1. All of this seems comfortingly precise (to a tenth of a percent, no less), but where do these numbers come from? Why, from the National Bureau of Statistics of China (NBSC), of course. And for those who find the flagrant doctoring of the CPI and unemployment figures in the US to be over the top, they should be especially wary of the NBSC. As I pointed out in my recent appearance on RT, the irony is that the same Li Keqiang who is now reassuring markets that the Chinese government is working on economic reform is the exact same Li Keqiang who was quoted in a leaked 2007 diplomatic cable as saying that China's GDP number was “man-made” and unreliable. In fact, the only economic data he actually trusts and uses to gauge China's actual economic growth (according to the cable) are electricity consumption, rail cargo volume and bank lending. So all of the talk, speculation, and hand-wringing over the latest GDP figure is really hype over a man-made number that even the current Premier of the country doesn't take seriously.
Another example of the NBSC's fakery was exposed in a recent paper by Christopher Balding of Peking University. The paper, entitled “How Badly Flawed is Chinese Economic Data?” makes the case that real annual CPI in China “should be adjusted upwards by approximately 1%” thus reducing Chinese GDP by 8-12% “or more than $1 trillion in PPP terms.” One of the telltale signs of this manipulation is in the housing data. Despite a massive influx of rural Chinese to the coastal cities over the past decade, rural home prices are supposed to have grown three times as fast as urban equivalents from 2000 to 2011. The statisticians are playing with the numbers to hide the true rise in housing costs in order to artificially suppress their (made up) CPI numbers and artificially inflate their (made up) GDP numbers.
The extent of the problem should start to become apparent. Arguing about Chinese GDP or CPI numbers is a pointless activity, and yet much of the media's attention is focused on preciesely that. Meanwhile, the real story can be seen in events like the credit crunch that we've been talking about in recent months, and the inter-bank lending rates that are one of the statistics that the central planners aren't able to keep under wraps (especially when cash starts drying up and people can't draw money from the ATMs for a day or two).
In short, the Chinese economy has undoubtedly grown (and grown substantially) over the past decade. But the true extent of that rise has been greatly exaggerated by the Chinese government and an ill-informed punditry continues to be only too happy to play along with that deception. The last four years of growth has only been maintained by easy government-supplied liquidity, and now that the PBOC seems to have realized the dangerous bubble they have blown (and the risky “wealth management products” and other MBS-like assets that have been created as a result), they are trying to find a way to turn off the liquidity without collapsing their banking system in the process. This is the real story of China's economy today, and one only receives hints of it in the mainstream financial media.
For more of the real story of China's woes and obstacles, stay tuned to these pages...


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Strong data sparks market sell-off on fears stimulus is over
By Philip Aldrick
Stock markets across the world slumped and government borrowing costs soared after strong economic data from the US and the UK renewed fears that central banks would soon start withdrawing stimulus and move towards interest rate rises.
In Britain, an unexpectedly sharp rise in retail sales fuelled recovery hopes and prompted economists to raise their growth forecasts, while US unemployment claims fell to a six year low and inflation started to pick up.
Traders took the data as evidence of a broad recovery that would convince the US Federal Reserve to start slowing its quantitative easing (QE) programme in September and force the Bank of England to raise rates earlier than its current forecast of late 2016.
However, economists warned the UK recovery was being fuelled by dangerous debt-fuelled consumption. Ann Pettifor, director of Prime Economics, said: “There’s nothing seriously underpinning this recovery, and that’s why it’s Alice in Wongaland, the confidence fairy is out there.”
The FTSE 100 tumbled 1.6pc to 6,483.34, its lowest level since early July and its steepest one-day fall in almost two months on the prospect of an end to cheap money. On Wall Street, the Dow Jones Industrial Average fell 1.1pc by afternoon trading and the S&P 500 hit its lowest level in more than a month.
Germany’s DAX 30 dropped 0.73pc to 8,376.29, and the CAC 40 in Paris shed 0.51pc to 4,093.20.

US MARKETS

50 Million in a Day
Legal Front Running
By Bob Rinear
The hypocrisy of our so called legal system never ceases to amaze and amuse me.  If I buy up a ton of stocks and then go out to the media and push that stock, I get the SEC up my butt for frontrunning the stock. That’s how it is supposed to work. It is wrong, it’s manipulation. But when a big time hedge fund guy does it, or JP Morgan does it do you know what we get from the SEC?? Queue up the crickets.  We get no response. A look the other way.  “Move along, nothing to see here”.
Carl Icahn is a billionaire investor. TV is touting him as the most successful investor of the past five years. When Icahn speaks people listen because he’s so “big”. Okay, we get that. But because he’s so big, he’s supposed to be regulated as to what he can say about things he’s buying or holding. Well, maybe the rules have to be changed. When the regulations were put in place so many years ago, there was no face book, there was no twitter.  To quote the talking heads ….”is twitter even real media?” 
Last week Icahn posted a “tweet” that said he had a very large position in AAPL. In fact, here’s the exact tweet…
"We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come,"
Well those little words sent the shares of AAPL soaring on the day. All the followers of the big hedge fund guru went out and bought AAPL with both hands.  When it was all over, AAPL stock gained 22 billion dollars in market cap, and Icahn pocketed a sweet 50 million on the day.  So how do you explain all that? Hasn’t Wall Street and their idiot pundits told you that the market is “free” and a “random walk” and “totally efficient”, and not manipulated? It has. Hasn’t the SEC passed rules about front running via the media? It has. So, isn’t it illegal for him to come out on Twitter and hype his stock and say that?  So far, no one’s saying. 
But there’s a bigger game being played in the gold and silver market and the main culprit is JP Morgan. Over the past 5 years I’ve gone out of my way to show you how JPM was oft times short more silver than a full third of all the worlds production. That’s illegal, yet no one at the CME or CFTC saw a thing. I’ve showed you how they’ve used off hours trading to move the price of Silver around to suit their short positions. Nothing was said. Metals traders the world over have contacted the authorities concerning their illegal positions and blatant manipulation. The regulators say “they can’t see any manipulation” 
Well, consider this. During the big gold smack down JPM was net short a “ton” of gold. When the paper attack on gold and silver hit back in April, it didn’t’ happen until JPM was notoriously short the metal. Then after watching it plunge from almost 1900 the ounce to under 1200, something changed. By following the printed data from the exchanges, we saw them shift from being insanely short, to being very very long.  Yet they didn’t do it over night and gold didn’t really move. It sat there, bouncing and wiggling up and down. 
But sure as the sun comes up each day, when JPM is net/net long something you can bet that eventually it is going to go where they want it.  Back on June 27 th I told my Insiders Members that the miners were beginning to look very attractive.  We bought five of them for our long term account. Gold was only trading at a low of about 1180 the ounce, horribly down from the 2011 highs. From then on however, gold started moving back up. The miners have gained smartly, but gold itself has really taken off.  From 1180, gold hit 1340. 
But here’s where it gets interesting. On Friday morning, CNBC was doing its pre market cheer leading and they mentioned gold. That’s when I heard it… “and find out why JPM says you should buy this gold bounce”.  Now let’s get this straight. An investment house that gives investment advice to traders and investors was short gold and profited greatly by the massive manipulated illegal take down. Then they accumulated longs and as if by magic, gold starts rising. Then as they got “really long” they come out and tell people to continue to buy the metal despite the massive bounce it’s had. 
When you’re JPM you can manipulate the metals market and no one says anything. When you’re Carl Icahn, you can make yourself 50 million in a day by going on twitter and hyping your own book. When you’re a lowly newsletter writer you have to defend yourself against charges of “misleading investors”. Sort of ironic, no? Yes. 
I’m a gold and silver bull. No one that has ever read one of our letters since 2001 could deny that. When gold pushed up over 15-1600 I told my readers I was no longer adding to my position, as I felt it was getting too much froth from late comers trying to catch the train. Then when it fell back under 1300 I’ve been adding on dips.  Why? Simple, gold and silver are the only real money out there.  Of course that’s not the only reason, but it is the most basic. Most people collect “currency”. I don’t want currency for anything more than paying bills. I want money.  “Money” doesn’t go to zero. Currencies do. 
For the last 100 years, our currency has lost 98% of its purchasing power. Gold on the other hand has retained 100% of it. Now which one would you rather hoard??  But besides the idea that owning “money” is considerably better than owning debt notes which is what our currency is, I also like to have things that are in demand. Consider this… Gold bar and coin investment grew 78% year-on-year globally in Q2, topping 500t in a quarter for first time.  After rising from just 299 dollars the ounce in 2000, all the way to 1900, don’t you find it really telling that so many people want physical metal that its demand grew almost 80% in one year?? I certainly do. 
All the stars are lining up for gold and silver to make their next move higher.  Not because the economy is going to crash ( it is) not because our monetary experiment has failed ( it has) not because Central bankers have lost control and credibility ( they have) but because JPM is long.  JPM gets what it wants and if they’re net long, you can bet they’ll “make” gold rise. It’s what they do. 
Silver has a very good shot at challenging its all time high within the next ten months. While Silver is the whipping boy of JPM, if gold gets loose, Silver will tag along simply because the folks that want to buy gold but can’t afford it, will rotate into silver. Never underestimate the animal spirits of greedy investors. If they see gold really  on a tear, even though they don’t have enough money to buy one ounce of gold, they’ll buy the 10 ounces of silver they can afford. All those wanna be gold buyers  will add to the underlying manufacturing and medical demand for the metal and push it quite nicely. Yes, we’re silver buyers too. 

Tea Party Conserfatives
By William Horning
No, I didn’t misspell conservative. I had to invent a more appropriate term to describe the current state of most tea party conservatives in the United States. Here is a definition of the new word conserfative.

Conserfative: n 1 a person playing a patriotic American as if it was a game 2 a partially informed citizen unable to discern between real and false patriots due to deliberate improper education and confusion foisted upon them 3 a person happy with his chains as long as they aren’t too tight 4 a willful participant in the deception to destroy our constitutional republic.
Karl Marx said, “The masses (serfs) are too stupid and ignorant to understand how good communism will be for them, so they need to be forced down that path, by any and all means possible. Lie, deceive, create class and race warfare issues, and use catastrophes (and if there are none, make some up; the end justifies the means). He could have written today’s headlines.
Our Republic is being dismantled piece by piece, and now our leaders barely even pretend to follow the Constitution. We are living under a currently benevolent tyranny. In spite of all this, tea parties are stumbling or shrinking in importance. They should be booming and leading the fight. We are in the fourth quarter, backed up to our goal line, with 2 minutes remaining on the clock. Our bench seems to have moved to the couch and is asking for another beer.
Apathy has taken over America. It’s not all your fault. We have been dumbed-down in school for over sixty years. We have been drinking water with fluoride since the 1950’s which lowers your IQ. Yes, the Harvard study finally admits it. We have and are, giving our children and adults vaccines with mercury and other harmful ingredients. Parents don’t read the inserts on the vaccines. They trust their doctors as the list of diseases grows.
It gets worse. For those of you over forty years of age, it you think about it, the sky used to be blue with white puffy clouds. Color charts had all kinds of blue colors, with “sky blue” being one of the choices. No, the sky wasn’t usually a hazy grey from horizon to horizon. Evergreen Air and the military are spraying aluminum, barium and other poisons in what is known as Chemtrails for “Geo-engineering” worldwide.
Most Americans do not know what is in their vaccines, medicines, water, or their food. Why don’t they know? Because six corporations control the media, and your politicians aren’t talking since they voted for it all, including NSA spying. Your supposed “conservative” media is feeding you Neocon “nose candy” to keep you happy and quiet.
From what I can see, there are few Tea Party leaders anywhere exhibiting the Political IQ needed to save the country. You can tell from their websites, email and radio shows. The posts and the topics they talk about show they are weeks, months or sometimes years behind or just plain confused. Many important issues are not even mentioned.
If you had used the sources on Super News from www.constitutionalsolutions.org instead, you would have known almost immediately that Benghazi was a gun running, that the killing of Seal Team 6 was a set up, and that Seal Team 6 did not kill Osama bin Laden.
Unfortunately, most conserfatives still fall for compromised conservative websites or Faux News and its list of fraudulent hosts, with Roger Ailes directing the charade behind the scenes. Even “Shallow Sean” Hannity, a supposed conservative but real neocon is “too conservative” for Faux. Does Hannity substitute, Texas Congressman Louie Gohmert, know what he’s dealing with?
There is hope, however, if the increasingly passionate opposition to Obamacare grows and expands to other problems such as stopping Amnesty and gaining control of the military-industrial complex by getting out of the UN, ending the Patriot Act, NDAA, NSA, CIA and all the other tools of the One World Order.
What do we do? Get off the couch. Start fighting. We can win. 1. Use and Support independent media, newspapers and radio stations that provide real news. 2. Join with groups/tea parties and get them actually doing something, not just talking. If there is no group doing that in your area, start one. Here is an example of action started by just one guy: www.overpases.org. Will you be on an overpass in your area on August 17th?
3. Spend some of your money in the fight to regain our Republic. We either win or you have Confederate money. 4. Every American needs to realize that they are fighting not only for their country, and their state, but for the survival of their family and way of life. This is serious business. Don’t leave the talk or the work to others. Talk to your neighbors and everyone you meet. Get them involved. Charge!

Obama Appoints Spy Chief to Head NSA Investigation
By Stephen Lendman
You can't make this stuff up. It sounds like a bad film plot. The fix is in. Obama's reform assures business as usual. His promises aren't worth the paper they're written on.
He says one thing. He does another. It happens every time. He broke every major promise made. He's a serial liar. He governs lawlessly.
He claims Washington doesn't have a domestic spying. NSA monitors everyone everywhere all the time. Obama lied claiming otherwise.
A previous article said London's Guardian headlined "NSA loophole allows warrantless search for US citizens' emails and phone calls." 
Snowden revealed a secret NSA backdoor. It's a previously undisclosed rule. It lets NSA operatives "hunt for individual Americans' communications using their name or other identifying information."
Under the FISA Amendments Act (FAA) Section 702, warrantless intelligence data is collected. It's official policy.
It includes foreign and domestic communications. Deceptive language calls it "incidental collection." There's nothing "incidental" about it.
It's systematic meta-data mining. It's done extra judicially. It's without oversight. Until now, it's been secret. It's far more intrusive than previously believed.
It permits warrantless searches. In 2011, Obama approved it. He did it secretly. On request, FISA court judges rubber-stamp approval. Whatever NSA wants it gets. 
Obama assurances about privacy, transparency and reform ring hollow. It bears repeating. Business as usual continues. Big Brother watches everyone.


My Uk Friend's Update

Awaken the Sheeple, precious metals wants to break higher, so much going on the precious metals market, it was suppose to be a quiet Summer for it, Egypt descending into Civil War, oil prices spiking, expected higher gas/petrol prices at the pumps! Taper or not taper is the question, just mind games, without the QE Financial drugs, global system collapses very quickly! England Central Governor will have to print and continue debasing the Pound!New housing bubble created in United Kingdom that will lead to more misery as the Sub-prime mortgages in America. Quality full-time jobs are becoming scarce! Latter half of this year will be more difficult across the world! Summer hiatus just delays the problems, acts as a distraction for those on holiday!  So many Black Swans out there, it is hard to tell what will happen for things to deteriorate further on the global markets, so-called Arab Spring is turning into a nightmare! So much bloodshed! 

130828 – Food Storage Plan | The Hyper Report

130828 – Food Storage Plan | The Hyper Report

▶ John Stossel - Rise Of The Warrior Cop - YouTube

▶ John Stossel - Rise Of The Warrior Cop - YouTube

Afghan Taliban kill 12 ‘government’ workers : The Fiscal Times

Afghan Taliban kill 12 ‘government’ workers : The Fiscal Times

President Obama’s Three Bad Choices in Syria

President Obama’s Three Bad Choices in Syria

An Illegal Immigrant’s Guide to the U.S. Congress

An Illegal Immigrant’s Guide to the U.S. Congress

▶ Troops From US,Israel,Jordan Already Inside Syria - YouTube

▶ Troops From US,Israel,Jordan Already Inside Syria - YouTube

The 388-Year-Old Bonsai that Survived Hiroshima «TwistedSifter

The 388-Year-Old Bonsai that Survived Hiroshima «TwistedSifter

▶ Dr. King Would Be Ashamed - YouTube

▶ Dr. King Would Be Ashamed - YouTube

▶ BUSTED! Best Ever Proof of Crisis Actors in Egypt & Syria! WAKE UP PEOPLE!! - YouTube

▶ BUSTED! Best Ever Proof of Crisis Actors in Egypt & Syria! WAKE UP PEOPLE!! - YouTube

Tuesday, August 27, 2013

▶ Occupy, Wall Street, Unmasked - YouTube

▶ Occupy, Wall Street, Unmasked - YouTube

Mish's Global Economic Trend Analysis: Is Obama Another Bush Clone? Another Nixon Clone?

Mish's Global Economic Trend Analysis: Is Obama Another Bush Clone? Another Nixon Clone?

Miley Cyrus' Trail - YouTube

Miley Cyrus' Trail - YouTube

Breaking News: Entergy pulling the plug on Vermont Yankee | Fairewinds Energy Education

Breaking News: Entergy pulling the plug on Vermont Yankee | Fairewinds Energy Education

▶ TRIFECTA - War Drums: Assad Crosses Red Line, as U.S. Warships Deployed - YouTube

▶ TRIFECTA - War Drums: Assad Crosses Red Line, as U.S. Warships Deployed - YouTube

▶ FOX NEWS: Warrantless Cell Phone Searches - YouTube

▶ FOX NEWS: Warrantless Cell Phone Searches - YouTube: "http://youtu.be/dYzrAeyL9fo"

'via Blog this'

▶ Save Us Chuck - Shooting Coverage - YouTube

▶ Save Us Chuck - Shooting Coverage - YouTube

▶ Million Muslim March - YouTube

▶ Million Muslim March - YouTube

Cold transport trucks to cool their cargo using fuel cells

Cold transport trucks to cool their cargo using fuel cells

▶ ZoNATION: 'I am Christopher Lane'--Where are the Baseball Caps? A Racially Motivated Murder Ignored - YouTube

▶ ZoNATION: 'I am Christopher Lane'--Where are the Baseball Caps? A Racially Motivated Murder Ignored - YouTube

▶ Moto X: The Review - YouTube

▶ Moto X: The Review - YouTube

‘Gay’ Lawmaker to Christians: ‘We’ll Take Your Children’

‘Gay’ Lawmaker to Christians: ‘We’ll Take Your Children’

▶ "Freedom Requires Whistleblowers: The Importance of Transparency" | LearnLiberty - YouTube

▶ "Freedom Requires Whistleblowers: The Importance of Transparency" | LearnLiberty - YouTube

Eating crickets to save the world (recipes included!) | Marketplace.org

Eating crickets to save the world (recipes included!) | Marketplace.org

Questions for President Obama -- Before He Pulls the Trigger on Syria | Perspectives, What Matters Today | BillMoyers.com

Questions for President Obama -- Before He Pulls the Trigger on Syria | Perspectives, What Matters Today | BillMoyers.com

Boehner aide: Obama must consult with Congress on Syria - The Hill's Blog Briefing Room

Boehner aide: Obama must consult with Congress on Syria - The Hill's Blog Briefing Room

In Obama’s High-Level Appointments, the Scales Still Tip Toward Men - NYTimes.com

In Obama’s High-Level Appointments, the Scales Still Tip Toward Men - NYTimes.com

Mish's Global Economic Trend Analysis: Reflections on "A Moral Obscenity": How Long Ago Was a War Against Syria Decided?

Mish's Global Economic Trend Analysis: Reflections on "A Moral Obscenity": How Long Ago Was a War Against Syria Decided?

In China, an Unprecedented Demographic Problem Takes Shape | Stratfor

In China, an Unprecedented Demographic Problem Takes Shape | Stratfor

European Jihadists: The Continuation of a Historical Trend | Stratfor

European Jihadists: The Continuation of a Historical Trend | Stratfor

Monday, August 26, 2013

▶ 2 'youths' beat WW2 vet Delbert Shorty Belton to death. - YouTube

▶ 2 'youths' beat WW2 vet Delbert Shorty Belton to death. - YouTube

▶ Liars on Parade - YouTube

▶ Liars on Parade - YouTube

▶ Andrew Langer On "Ticket Freedom" And The Institute For Liberty - YouTube

▶ Andrew Langer On "Ticket Freedom" And The Institute For Liberty - YouTube

▶ Walter E Williams - What Happened To America? - YouTube

▶ Walter E Williams - What Happened To America? - YouTube

The Ron Paul Institute for Peace and Prosperity : US Set to Launch 'Iraq, The Sequel', in Syria

The Ron Paul Institute for Peace and Prosperity : US Set to Launch 'Iraq, The Sequel', in Syria

Concealed Carry Reduces Crime -- Especially Violent Crime - Liberty Crier

Concealed Carry Reduces Crime -- Especially Violent Crime - Liberty Crier

▶ The Clinton Legacy Again and Who Pays? - YouTube

▶ The Clinton Legacy Again and Who Pays? - YouTube

Syrian Crisis Exposes Obama’s Failed Mideast Policy

Syrian Crisis Exposes Obama’s Failed Mideast Policy

How Saddam Hussein Made the Middle East Stable

How Saddam Hussein Made the Middle East Stable

ObamaCare Staggers Toward the October 1 Finish Line « naked capitalism

ObamaCare Staggers Toward the October 1 Finish Line « naked capitalism

130826 – Louisiana’s Pompeii? | The Hyper Report

130826 – Louisiana’s Pompeii? | The Hyper Report

▶ On the wrong side of history - YouTube

▶ On the wrong side of history - YouTube

Bilal Saab | The Bombing In Beirut Could Spell the End of Hezbollah | Foreign Affairs

Bilal Saab | The Bombing In Beirut Could Spell the End of Hezbollah | Foreign Affairs

Who Is Ali Khamenei? | Foreign Affairs

Who Is Ali Khamenei? | Foreign Affairs

Exposed: Obama's Race War Agenda for America

Exposed: Obama's Race War Agenda for America

▶ Milton Friedman: Objectives vs Results - YouTube

▶ Milton Friedman: Objectives vs Results - YouTube

International Forecaster

THE INTERNATIONAL FORECASTER
Wednesday, August 21, 2013
8/21/13 #6
E-MAIL ADDRESS
For correspondence to us:
CHECK OUT OUR WEBSITE

“Nil desperandum, -- Never Despair. That is a motto for you and me. All are not dead; and where there is a spark of patriotic fire, we will rekindle it.”
― Samuel Adams 

Radio Show:

James Corbett with Dr. Stan Monteith “Why the Bond Bubble Matters”
http://www.corbettreport.com/interview-724-radio-liberty-why-the-bond-bubble-matters/
James is on with Dr. Stan on Mondays 


WORLD MARKETS

Has Gold Bottomed?
By James Corbett
It's been a brutal year for gold investors so far. After seeing prices drop from their YTD high of $1684.70/oz. on January 18 to their YTD low of $1200.80 on June 27, the yellow metal lost some of its shine for the fairweather investors. The drop was enough to shake out all but the most committed goldbugs from their bullish gold positions, and it left everyone wondering how low prices can go. After much handwringing and speculation about the price breaking through that $1200 psychological floor, however, the price has been quietly recovering, and as of press time stands at over $1372 with a chance of challenging the $1400 mark. So can gold investors leave their worries behind? Has gold reached its bottom and turned bullish once again?
To be sure, there are some reasons for the metal's recent rise that have nothing to do with its underlying fundamentals. Instability in Egypt has been fingered as one of the contributing factors in the recent gold spike, as has worries in some of the peripheral Asian currencies. A looming economic crisis in gold-crazy India adds upward pressure to the metal as consumers search for an anchor of stability in a time of plummeting rupee value. US dollar index drops have also helped to buoy the gold price. But even disregarding these contingencies, there are in fact a number of technical factors that suggest this upward movement in gold is not just a passing trend.
Perhaps the strongest bullish sign is the Commitment of Traders chart, which shows commercial traders have almost entirely covered their shorts and are heading long gold once again, while the large and small specs have almost completely cleared out of their long positions. This is bullish since the commercials tend to be long at the market bottom and large and small specs are always wrong-footed at the start of every cycle. Other chart-based technical analysis indicates that gold “bottomed” right near the 13-year supporting trendline and is currently rebounding into a zone of support, with no strong resistance expected until $1550.
We are also heading into the most bullish part of the year in the historical gold seasonal cycle. July, August and September are traditionally the most bullish months for the precious metal, with a slight downturn expected in October before another significant uptick in November. Even gold miners are showing signs of having hit bottom. The 6-month GDX chart shows a clearly developed head-and-shoulders bottom, and volume is also increasing as downward momentum decreases and stocks begin heading back up. Analysts are also noting that miners are currently the most undervalued they've been for the entirety of the gold bull market, meaning that there is considerable upside as prices start rising again.
All of this is very good news for those who ignored the doom and gloom of the gold bears during the drop, and very very good news for those who bought near the $1200 bottom. The smart money is long gold, the prevailing sentiment amongst the public is bearish, we're entering the peak bullish season for gold, and the charts all show that the momentum is shifting from the downside to the upside. All of these factors combine for a very strong case that gold is on its way up once again.
There will likely be a monkey wrench or two in the works along the way (with next month's FOMC meeting being the big question mark hanging in the air), but all looks good for gold at this point, and there's a good chance the yellow metal will not be ending the year down anywhere near as much as the bears were predicting.


Your Source for Freeze Dried Food in an Uncertain World.
(866) 404-3663 or email: fdg@FreezeDryGuy.com

Germany Declares Bitcoin Legal Tender? 
By Bob Rinear
Since its inception in 2009 I’ve kept a silent eye on the development of the digital currency “Bitcoin”.  I wasn’t willing to talk much about it, simply because it had the ability to be one of several different things. For one, it could be the biggest disruptive “invention” of the last 200 years, or it could have been the single biggest failed experiment on record costing billions. 
I’d say that most folks don’t have a clue what BitCoin is. I don’t want to lay out the whole history of it, that would take a book worth of pages, but here’s the Readers Digest condensed version. Back in 2008 an anonymous person or persons going by the name "Satoshi Nakamoto” laid out plans for a peer-to-peer electronic cash system.  The general idea is that a series of servers called “miners” create these units of digital currency and add them to a ledger that is shared to all the bitcoin programs around the world.  But there is a schedule of when and how many of these digital units get developed and the total amount to ever be created is to be 21 million. 
Users can “buy” these digital currency units and use them for transactions by “spending” them with any other person or merchant that will accept them.  So in theory and in practice, what we have here is an alternative currency with some very interesting properties. First off and the most serious is that it is completely private. There’s no central banker. There’s no records showing who owns them. There’s no paper trail to what you use them for.  Thus, the first knock against this alternative currency is that it will be used for illegal purpose.  That is usually what you’ll hear from the main stream as they attempt to downplay the concept and use of Bitcoin. 
Well they’d be right. By being completely invisible as far as transactions go, there’s obviously those who use them to buy illegal items. If you’re a heroin dealer and you want to buy opiates from a grower in Asia, mailing the guy a check, or using a credit card is out of the question. Using cash carries its own problems such as conversion into another currency and the banking regulators looking for large cash withdrawals and deposits.  With bitcoin you simply push your buttons, and instantly his account now shows on the global ledgers that he’s gotten your bitcoins. This goes for arms dealers, pornographers you name it. So yeah, bitcoin can be used for nefarious reasons. No doubt. 
But is that really why so many in Government are scared to death of this thing? Nope. They’re scared because they can’t control it. They can’t tax it. It takes the power of a central authority out of the hands of the few and into the hands of the many. This scares them to death and rightfully so.  It is their biggest fear.  But as far as I’m concerned, my fears weren’t based on the anonymity or the way it can take power away from the banking elite. I think both of those things are quite delightful. My fears have always been with 1) security 2) perceived value and 3) how hard Government would push back to make it illegal and declare its use “financial terrorism” 
The value of Bitcoin has been problematic as one would expect from a fledgling experiment of this size. Sure enough the dollar value of the bitCoin has swung massively over the years, mostly when a security failure appeared or a hacking took place.  In less than a year it’s been as low as 13 dollars and as high as 230 dollars. It has fallen to 50, up to 80, and back to 70. It has been all over the map, moving in response to demand and “fear”.  Because it isn’t backed by anything, not even a regulating body or like with the dollar the “full faith of the US Government” it fluctuates based on perceived value and demand.  Because there has been numerous hacking attempts, folks  have run from it, and during severe crisis like the Cyprus banking disaster people have flocked to it as a safe haven. 
This has scared a lot of folks away from the idea of considering it. My stance has been pretty simple. I love the idea that “the people” have pushed back against the system. They’ve forged ahead to try and come up with something “better” than the depreciating junk we carry around in our wallets. I admire that. But, because it is new, because it is fraught with mishaps, missteps, and such wild fluctuations, I haven’t been on board with getting involved with it.  Not to mention the idea that I’m sure Uncle Sam would like to make even the idea of it illegal. 
But just yesterday something quite amazing happened. While an ever growing body of merchants around the world have been accepting Bitcoins as payment for product and services, it was still considered by most as being a “fad” or a short term trend. Then Germany’s finance minister comes out of the clear blue and states that “bitcoin is recognized as a unit of account” meaning it is legal tender. 
By having an economy as big and as important as Germany recognizing it as a true unit of account on par with other monies, Bitcoin has just leapt from the shadows into the lime light. This is a truly incredible development. But it asks more questions than it answers.  Will they come up with some way to try and tax it? Will they try and make disclosure of ownership the law? Will other countries open up to it, or fear losing control of their Central banking and declare it illegal? 
Something  potentially as big as BitCoin cannot be ignored. Yet it is very hard to embrace as it goes through its growing pains. Hundreds of people have lost thousands of dollars as bitcoin “exchanges” have been hacked and shut down.  Officials in high office have declared it to be a terrorist tool.  Social scientists  fear it because if they cannot tax it, they can’t promote and pay for social services they so dearly love.  200 dollar price fluctuations make it too scary for conservative investors. 
I do not own any bitcoins as of right now. That very well might change in the future. But I’m more than willing to let it go through its birthing pains and see what emerges on the other side. Time might show us that indeed this thing is not only real, but the first model of an even bigger concept where the decentralization of “money” becomes the global goal. I don’t know. But I’ve watched it from its inception and here we are about 5 years later and Germany a country of great import, has just formally recognized it. 
That changes things. Stay tuned. 

Foreigners have been selling US securities
Foreigners have been selling US securities this year and especially so in June. Net purchases of long-term securities show a very heavy outflow of $66.9 billion in the month vs a revised outflow of $27.0 billion in the prior month to extend outflows going all the way back to February. Foreign accounts were net sellers of $77.8 billion of US securities in the month, which is very heavy, while US accounts, which had been buyers of foreign securities in prior months, turned into sellers in the month, at a net $11.0 billion.
Foreign selling continues to be concentrated in Treasuries which reflects expectations of easing asset purchases by the Federal Reserve. This is also reflected in foreign selling of government agency bonds. But the selling in June was widespread with foreigners also unloading US corporate bonds and also equities where selling in the month was unusually heavy.
Looking again at Treasuries, holdings by Chinese and Japanese accounts both fell noticeably in the month and were no doubt behind the rise, at least indirectly, in US mortgage rates. These accounts are by far the largest holders of US Treasuries and continued selling would put new upward pressure on US rates.

Public Funds Take Control of Assets, Dodging Wall Street 
By Nathaniel Popper
Investors responsible for more than $2 trillion recently gathered at a resort in the Canadian Rockies, far from the news media and, more important, far from Wall Street.
Those in attendance, including leaders of Abu Dhabi’s sovereign wealth fund and France’s pension system, were there to consider ways to put their money to work together without paying fees to private equity firms and hedge funds. Over that weekend, three of the attendees completed the details of a $300 million investment in a clean-energy company.
The group holding the gathering, the Institutional Investors Roundtable, has kept a low public profile since it began in 2011, but it attracted 27 funds managing public money to its latest meeting and is spinning off concrete investments. The group is part of a much broader push by the world’s biggest pension and sovereign wealth funds to reduce their reliance on the Wall Street firms that used to manage almost all their money.
The efforts to change the way public money is managed are motivated, in no small part, by the big fees and lackluster performance that many hedge funds and private equity firms have delivered to their biggest clients in recent years. Investment managers like Leo de Bever, at the Canadian province of Alberta’s $70 billion fund, have found they can often manage their own money at a lower cost without losing out on returns.



US MARKETS

NSA Caught Red-Handed
By Stephen Lendman
It's a longstanding rogue agency. It always operated extrajudicially. It's worse than ever now. It's a power unto itself.
Obama claims "(w)e don’t have a domestic spying program. What we do have are some mechanisms where we can track a phone number or an email address that we know is connected to some sort of terrorist threat."
False! Obama knows it. He lied. He always lies. He's a serial liar. NSA has a longstanding domestic spying program. 
On August 15, the Washington Post headlined "NSA broke privacy rules thousands of times per year, audit finds."
Most infractions involved "unauthorized surveillance of Americans or foreign intelligence targets in the United States."
Doing so's restricted "by statute and executive order." Violations range from "significant ones to typographical errors that resulted in unintended interception of US e-mails and telephone calls."
Agency personnel are told to substitute generic language for specific details. They do in Justice Department and Director of National Intelligence reports.
They delay sending them. The FISA court didn't learn about an unconstitutional new collection method until months after it began.
Obama officials repeatedly stonewall. Secrecy substitutes for transparency. 
After promising to explain NSA operations in "as transparent a way as we possibly can," Deputy Attorney General James Cole dismissively told Congress:
"Every now and then, there may be a mistake." Director of National Intelligence James Clapper lied. He committed perjury. He got away with it. He remains unaccountable. 
Obama appointed him to investigate NSA spying. He'll head a so-called independent commission. Putting him in charge assures coverup, denial and whitewash. It assures business as usual.
He told Congress NSA has no domestic spying program. When it was too late to matter, he disingenuously apologized for a "clearly erroneous" statement.
NSA audit information WaPo obtained "counted 2,776 incidents in the preceding 12 months of unauthorized collection, storage, access to or distribution of legally protected communications." 
"Most were unintended. Many involved failures of due diligence or violations of standard operating procedure." 
"The most serious incidents included a violation of a court order and unauthorized use of data about more than 3,000 Americans and green-card holders."
"There is no reliable way to calculate from the number of recorded compliance issues how many Americans have had their communications improperly collected, stored or distributed by the NSA."
Causes and severity vary widely. Sweeping surveillance assures many lawless practices. Serious ones happen often.
Audit data included only incidents at NSA's Fort Meade headquarters and other Washington area facilities.
Three government officials spoke on condition of anonymity. They said infractions would be much higher if other "NSA operating units and regional collection centers" were included. 
One of the most serious violations involves "divert(ing) large volumes of international data passing through fiber-optic cables in the United States into a repository where the material could be stored temporarily for processing and selection."
NSA calls it "multiple communications transactions." Domestic and foreign ones are commingled. 
NSA calls its mission "cryptology that encompasses both Signals Intelligence (SIGINT) and Information Assurance (IA) products and services, and enables Computer Network Operations (CNO) in order to gain a decision advantage for the Nation and our allies under all circumstances."
Signals Intelligence Management Directive 421 says "raw SIGINT data...includes, but is not limited to, unevaluated and/or unminimized transcripts, gists, facsimiles, telex, voice, and some forms of computer-generated data, such as call event records and other Digital Network Intelligence (DNI) metadata as well as DNI message text."
WaPo said database query incidents into "raw SIGINT data... include, but (are) not limited to, unevaluated and/or unminimized transcripts, gists, facsimiles, telex, voice, and some forms of computer-generated data, such as call event records and other Digital Network Intelligence (DNI) metadata as well as DNI message text."
NSA claims collecting information on Americans while targeting foreigners suspected of terrorism "does not constitute a violation."
It "does not have to be reported" for inclusion in quarterly congressional reports, it said. Once obtained, communications of Americans are freely searched. 
A second WaPo article headlined "Court: Ability to police US spying program limited," saying:
The FISA court's chief judge said the body lacks tools to "independently verify how often the government's surveillance breaks the court's rules that aim to protect Americans' privacy." 
According to chief FISA court Judge Reggie B. Walton:
"The FISC is forced to rely upon the accuracy of the information that is provided to the Court."
"The FISC does not have the capacity to investigate issues of noncompliance, and in that respect the FISC is in the same position as any other court when it comes to enforcing (government) compliance with its orders."
WaPo said the FISA court can demand and obtain more information about cases. It's unclear how often it happens. The court's largely rubber stamp. It's complicit with lawless spying.
On August 15, the Electronic Frontier Foundation (EFF) headlined "NSA Spying: The Three Pillars of Government Trust," saying:
US officials lied. They claim rigorous executive, congressional and judiciary oversight of NSA activities. Doing so they say assures no lawless privacy invasions.
"Today, the Washington Post confirmed that two of those oversight pillars - the Executive branch and the court overseeing the spying, the Foreign Intelligence Surveillance Court (FISA court) - don't really exist," said EFF.
"The third pillar came down slowly over the last few weeks, with Congressional revelations about the limitations on its oversight, including what Representative Sensennbrenner called 'rope a dope' classified briefings."
Trust in government oversight's no longer warranted. It never was. For sure it's not now.
Snowden explained in stark detail. So did whistleblowers Russell Tice, Mark Klein and others. Unconstitutional data-mining is longstanding practice. All three branches of government are involved. 
They're complicit in sweeping lawless spying. Millions of Americans are affected. According to EFF:
"The pattern is now clear and it's getting old. With each new revelation the government comes out with a new story for why things are really just fine, only to have that assertion demolished by the next revelation."
"It's time for those in government who want to rebuild the trust of the American people and others all over the world to come clean and take some actual steps to rein in the NSA." 
"And if they don't, the American people and the public, adversarial courts, must force change upon it."
"The three pillars of American trust have fallen. It's time to get a full reckoning and build a new house from the wreckage, but it has to start with some honesty."
"Join EFF in calling for a full investigation by emailing Congress today."
"For far too long, secret law and a secret surveillance state have been a dark shadow on Americans' freedom. It's time to shine a light on NSA's spying." 
It's time to fully expose its dark side. It's time to stop America heading for full-blown tyranny. It's time to do it now. 

Federal Reserve Press Release
Large bank holding companies have considerably improved their capital planning processes in recent years, but have more work to do to enhance their practices for assessing the capital they need to withstand stressful economic and financial conditions, the Federal Reserve said in a paper released on Monday.  
In the paper, the Federal Reserve discussed in detail its expectations for internal capital planning at large bank holding companies and described the range of practices it has observed at these companies during the past three Comprehensive Capital Analysis and Review (CCAR) exercises.  The Federal Reserve conducts the CCAR annually to help ensure that companies have forward-looking capital planning processes that account for their unique risks and result in sufficient capital to enable the institutions to continue lending to households and businesses during times of economic and financial stress. 
The paper, Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice, is intended to promote better capital planning at bank holding companies generally, and to provide greater clarity on the standards against which those practices are evaluated as part of the CCAR exercise.  In particular, the Federal Reserve emphasized that bank holding companies, when considering their capital needs, should focus on the specific risks they could face under potentially stressful conditions.    
In its evaluation, the Federal Reserve found that firms needed to improve a number of aspects of their capital planning processes, including their accounting for risks most relevant to the specific business activities, their methods of projecting the effect of certain stresses on their capital needs, and their governance of the capital planning processes. 
The Federal Reserve will start the 2014 CCAR process in the fall.  In addition to the 18 firms that participated in 2013, 12 firms with more than $50 billion in total assets that have not previously been part of the CCAR are expected to participate.

Grim Picture of Recovery in Forecasts by Retailers 
By Stephanie Clifford
Major retailers, like Walmart and Kohl’s, that cater to budget-conscious customers with lower incomes cited sluggish sales this week as they decreased their annual forecasts. Macy’s, with a slightly higher-income clientele, did not meet analysts’ expectations for the first time in 25 quarters.
But even upper-income consumers do not seem to be spending as freely as some hoped. While Nordstrom’s, which reaches a middle-to-luxury-end market, reported a higher-than-expected quarterly profit on Thursday, it too said sales “remained softer than anticipated” and lowered its forecast.
The latest sales reports painted a bleak picture for a sizable swath of the retail sector even as other economic indicators, like an increase in auto loans, showed signs of consumer confidence.
“There is a certain segment of the population that is faring well in this economy and have seen their net worth rise sharply with stock and housing market gains,” said Ken Perkins, president of Retail Metrics. “Then there is the much larger segment of Americans that are working in low-wage jobs, part-time jobs, that are struggling to make ends meet and are living paycheck to paycheck. They are not spending beyond necessities.”

The Market's Gains Are Being Driven By Fewer And Fewer Stocks
By Sam Ro
As stocks continue to fall from their all-time closing highs, UBS strategist Julian Emanuel offers an interesting chart looking at the internal dynamics of the NYSE-listed stocks.
"[I]n an environment where the S&P 500 Index has remained near all-time highs yet the number of "strong" stocks is declining (Chart 7)," said Emanuel. 
The dark purple line represents the percentage of NYSE stocks closing above their 200 day moving averages, which is trending down.
Meanwhile, the 200-DMA of all of those stocks is trending up.

Why Innovation Is Still Capitalism’s Star
By Robert Shiller 
Capitalism is culture. To sustain it, laws and institutions are important, but the more fundamental role is played by the basic human spirit of independence and initiative.
http://www.nytimes.com/2013/08/18/business/why-innovation-is-still-capitalisms-star.html

Fed Boosts Pressure on Banks Over Capital Levels 
By Michael Crittenden
The Federal Reserve said some of the largest U.S. banks are stumbling in efforts to assess their own potential risks and financing needs, raising the possibility that banks could be pushed to increase their capital or curtail dividends and share buybacks to satisfy regulators.
Most large banks have made progress in evaluating and preparing themselves to withstand a severe economic downturn, the Fed said in a study released Monday. But it said there is "still considerable room for advancement" in the so-called stress tests run by some individual firms.
The study didn't identify any firms by name, but it is a shot across the bow from Fed officials, who have increasingly tied strong capital plans that meet the Fed's muster to a banks' ability to reward investors with share buybacks and dividends.
It also is the latest indication of how, five years after the onset of the financial crisis and ensuing government bailout of Wall Street, regulators remain concerned about the behavior of some of the most complex banks and see a need to bolster balance sheets with richer forms of capital.

Fed Finds 18 Large Banks Weak in at Least One Capital Area
By Craig Torres & Laura Marcinek
The Fed staff study shows that, after four such tests, some of the largest banks still lack comprehensive systems and policies to model, test, report and plan for economic calamities. While highlighting strengths and weaknesses, the central bank said all of the bank holding companies “faced challenges across one or more” of five areas, and called for better analysis tailored to each bank’s business and risk.
http://www.bloomberg.com/news/2013-08-19/fed-finds-big-banks-weak-in-at-least-one-capital-planning-area.html

Obama Focuses on Risk of New Bubble Undermining Broad Recovery 
By David J. Lynch
Obama this month spoke four times in five days of the need to avoid what he called “artificial bubbles,” even in an economy that’s growing at just a 1.7 percent rate and where employment and factory usage remain below pre-recession highs.

Repo Market Decline Raises Alarm as Regulation Strains Debt 
By Liz Capo McCormick & Anchalee Worrachate
The U.S. repurchase, or repo, market where banks and investors borrow and lend Treasuries and other fixed-income securities shrunk to $4.6 trillion daily outstanding last month, down 35 percent from a peak of $7.02 trillion in the first quarter of 2008, based on Federal Reserve data compiled from its 21 primary dealers.
From fewer repos to lower inventories of bonds, financial institutions are responding to more stringent capital standards imposed by regulators around the world. Already, the group of dealers and investors that advise the U.S. Treasury say that they see declines in liquidity in times of market stress, including wider gaps between bid and offer prices and the speed of completing trades. The potential consequences are higher borrowing costs for governments, companies and consumers.

Not Really Made in China (or the United States) 
By Nancy Folbre
Tags and advertising slogans proclaiming manufacture in a specific country are fading, because goods assembled with components from many different countries represent a growing share of international trade.



GOLD, SILVER, PLATINUM & PALLADIUM

Silver’s Very Bullish 3-Decade Chart Pattern
I have been describing silver’s long-term chart pattern as a rounding bottom, which shows distribution from the 1980 peak to the early 1990s, followed thereafter by a decade trading range and then a decade of massive accumulation. In other words, over this period silver moved from overvaluation and selling by weak hands, to undervaluation and buying by strong hands.
Regardless of the name we call the above chart, the bottom line is that it is presenting a very bullish picture for silver. After a decade or so of distribution, a decade in a trading range and another decade of accumulation, silver is in strong hands, particularly after the onslaught it endured the past two years.
Technical analysts will note, however, that the above pattern is not complete. More of the story has yet to be told.  Perhaps the chart pattern will fail, or perhaps the pattern will complete in the months ahead with silver moving higher to completely form the handle, which is what I expect.
Of course, the pattern will only be complete when silver moves above the lip of the saucer, which is its record high of $50. If that happens, then silver will begin stage two of its bull market.
In summary, the outlook for silver is spectacular, and my recommendation for both precious metals remains unchanged. Accumulate gold – and if you are inclined to accept the greater volatility, then accumulate silver too – on a cost-averaging program with monthly (or quarterly if it fits your budget better) purchases. By doing so you are saving sound money. Buy physical gold and physical silver only.



EUROPE

Greece will need third bail-out, admits German finance minister
By Denise Roland
Wolfgang Schaeuble, Germany's finance minister, has made an unexpected admission that Greece will need a third bail-out, just weeks before German national elections.
His comments mark a surprise departure from those of his government colleagues, who have been careful to play down the deeply unpopular prospect in the run-up to German elections in September.
"There will have to be another programme in Greece," said Mr Schaeuble, addressing a campaign audience in northern Germany. However he maintained that, despite this, there would be no further debt haircut for Athens.
Just hours before Mr Schaeuble spoke, German Chancellor Angela Merkel was quoted in a regional newspaper dismissing questions about further aid for Greece, saying there was no point in discussing the matter until its second package expires at the end of next year.
However, economists have long predicted a third rescue package for Greece, which is struggling to control its mounting debt burden as the economy shrinks under tough austerity measures.
Opposition leaders, who have relentlessly accused the government of hiding the truth about Greece, pounced on the finance minister's comments. Peer Steinbrueck, leader of Germany's Social Democrat Party, declared it was "time that Frau Merkel tells people the truth". Juergen Tritten, head of the country's Green party, also seized the opportunity to hit out at the Chancellor.

One in seven say they will never retire
By Sophie Christie
One in seven people have no plans to retire, according to research by Baring Asset Management.
It asked 2,000 people - from age 18 to 65 and over - what their plans were for retirement.
A total of 14pc said they would continue working as long as they could, with no specific plans ever to retire. If the survey was representative of the population, this would equate to 5.1 million people.
The 14pc figure marked an increase from 12pc in 2012 and 10pc in 2011 in what has become an annual survey. It was the highest figure recorded by the asset manager since it began the regular research in 2008.
A further 40pc of respondents said they were unsure when they would be able to retire - a 2pc increase from the previous year.



ASIA

China's Leader Embraces Mao as He Tightens Grip on Country 
By Jeremy Page
It isn't just Mr. Xi's rhetoric that has taken on a Maoist tinge in recent months. He has borrowed from Mao's tactical playbook, launching a "rectification" campaign to purify the Communist Party, while tightening limits on discussion of ideas such as democracy, rule of law and enforcement of the constitution.

Dodgy data may add $1 trillion to Chinese economy: Report
By Arjun Kharpal
China may be exaggerating the size of its economy to the tune of $1 trillion by releasing "willfully fraudulent" inflation and GDP [gross domestic product] data, according to a study out this week.
"If inflation data is not accurate, or is willfully fraudulent, as appears to be the case, it will impact many other areas of economic and financial data leading to large disparities over time," said Balding. "It is disturbing that a statistical body would so obviously manipulate and produce blatantly fraudulent data."
"Since 2012, our indicator suggests the slowdown in China has been faster than what official data showed. Our data suggests that the growth of China's economy is 1-2 percent lower than official data, growing slightly above 6 percent."

Chinese Stocks Swing Wildly After Trading Glitch 
By Daniel Inman & Isabella Steger
Chinese shares swung wildly Friday after a trading glitch at a local brokerage sent shares of the benchmark index surging 5.6% in the space of just a few minutes before stocks ended lower on the day.
Traders said an accidental "fat-finger" trade was to blame. A spokesman from the China Securities Regulatory Commission said "sizeable" buy orders from brokers at midsize firm Everbright Securities caused the jump in shares.
Everbright said it suffered an internal trading error and would conduct an investigation. The Shanghai exchange suspended the company's stock.

Radiation levels in Fukushima bay highest since measurements began – reports 
Readings of tritium in seawater taken from the bay near the crippled Fukushima nuclear plant has shown 4700 becquerels per liter, a TEPCO report stated, according to Nikkei newspaper. It marks the highest tritium level in the measurement history.
Tokyo Electric Power Company (TEPCO) has detected the highest radiation level in seawater collected in the harbor of the crippled nuclear plant in the past 15 days, Nikkei reports
TEPCO said the highest radiation level was detected near reactor 1. Previous measurements showed tritium levels at 3800 becquerels per liter near reactor 1, and 2600 becquerels per liter near reactor 2. The concentration of tritium in the harbor’s seawater has been continuously rising since May, according to Nikkei. 
Also on Monday, a leak of highly contaminated water was discovered from a drain valve of a tank dike located on the premises of the nuclear plant, according to Fukushima’s operator responsible for the clean-up. 



INDIA

India PM rules out chance of return to 1991 crisis: report 
Asia's third largest economy is growing at its slowest pace in a decade, while the rupee, the region's worst performer this year, is at an all-time low, and the central bank has enough cash to pay for seven months of imports". 
There is no question of going back to 1991," Singh said in a Press Trust of India report. India is trying to curb its citizens' apparently insatiable demand for gold, through measures such as hiking import duties, banning the import of coins and medallions and making domestic buyers pay cash.
India's current account deficit stands at a record high of 4.8 percent of gross domestic product, while economic growth has slowed to 5 percent. Concerns that policymakers were losing control over the currency spread this week to the stock market, which dropped 4 percent on Friday for its biggest one-day decline in nearly two years. 


Indian Food Inflation Is Getting Out Of Control 
By Steven Perlberg
Vegetable prices in India spiked 46.59% in July year over year.
And India has already lost hundreds of billions of dollars due to inflation in the past few years. Of course, the country's poor population, which spends the lion's share of income on food, has been hit hardest.
India's central bank has cut interest rates three times this year, but lowering it further could further crush the rupee and drive inflation higher, the Journal reported.

Indian central bank intervenes on rupee
By Denise Roland
The Indian rupee slid to a record low on Tuesday, falling past 64 to the dollar, amid a wider sell-off from emerging market assets ahead of an expected tapering of US stimulus.
But the currency reversed most losses as the Reserve Bank of India was cited selling dollars both in the spot and forwards markets, which helped the rupee recover from a fall of 1.6pc, after a 2.3pc rout on Monday.
The rupee remains the worst performer among the major Asian currencies as emerging market current account gap economies like India and Indonesia get hammered as an outflow of capital will put the funding of their deficit in doubt.
The central bank's suspected intervention on Tuesday came after it was largely seen as staying away during the rupee's rout on Monday.
Policy makers continued to take steps which were largely perceived as incremental such as Monday's move to increase the foreign direct investment cap in asset reconstruction companies to 74pc from 49, and a ban on the duty-free import of flat-screen TVs from Aug. 26

Mystery buyer snaps up all bonds
By M. R. Subramani
Worried that the gold trade can get gridlocked over the rupee crisis, London Bullion Market Association Chairman David Gornall suggests that India can swap for dollars the 200 tonnes of gold it bought from the International Monetary Fund (IMF) in 2009. This can help the country tide over the problems created by trade imbalance.
“The Reserve Bank of India bought 200 tonnes of gold for $1,045 an ounce from the IMF four years ago. The Government can swap it for US dollars,” said Gornall, who is here for the India International Gold Convention 2013.
According to RBI sources, the gold that India bought never came into the country as the transaction was only a book entry. The gold was purchased for $6.7 billion, in cash. Asked about this, Finance Ministry officials said the RBI will have to take a call on swapping the gold for dollars.
Earlier, in his inaugural address, Gornall said the RBI can organise the gold-dollar swap without divesting its holding or incurring any further interest charge to access $23 billion.
“By swapping gold for a payable currency, you can benefit by having access to the dollar for a period of your choice, while remaining a long-term holder of gold as the swap is a transfer of asset over a period. You will have bullion bank counter-party risk but this is successfully managed at the RBI which has strictest lending criteria of any central bank in the world.”
Making it clear that he is not advocating sale but only swap of gold, Gornall said in this case gold and the dollar will provide collateral for each other.
Pointing out that gold had in the past climbed above $1,900 an ounce and crude oil over $100 a barrel, he wondered how the current account deficit was not as bad then as it is today. “India has always had a deficit, a structural deficit, so what’s different today?”
TURKEY MODEL
Referring to the recent hike in the import duty on gold, the LBMA chief said it will only lead to smuggling.
Gornall said India should take a leaf out of Turkey’s example, adapt and improve on it to suit the current situation. In 2001 and 2009, Turkey’s current account deficit soared, currency fell and foreign exchange reserves dropped even as inflation hit 10 per cent. Based on the 1998 South Korean strategy, it decided to come up with a gold deposit scheme.
Though Turkish citizens didn’t donate gold like the Koreans did, the announcement of the plan resulted in markets buying the Turkish Lira.
This resulted in the exchange rate improving and the current account deficit falling even before the scheme became fully operational.
“There is a lesson to be learnt here,” Gornall said.



AUSTRALIA

Mystery buyer snaps up all bonds
A mystery buyer outbid dozens of others at recent sales of Australian government bonds to snap up all the $1.6 billion on offer, in a highly unusual and expensive vote of confidence in the country's debt.
Dealers were unsure if it was the same buyer at each sale, but they suspected it was, raising the prospect that a foreign central bank or sovereign wealth fund was the unknown bidder.
Traders reckoned the buyer, or buyers, would have to have deep pockets and a relaxed attitude to costs to outspend between 40 and 52 other bids in the auctions on July 16, July 31 and August 2.
"It is very rare to see one buyer on three different tenders. It could be a central bank or sovereign wealth fund," said a bond trader at an Asian bank in Sydney.
Positive for dollar
It would be a positive for the Australian dollar, and could be one reason it has rallied recently after several months of losses. The Aussie dollar was up at 92.1 US cents in late trade 3 on Monday after bouncing from three-year lows under 89 US cents touched just a couple of weeks ago.
It would also be a vote of confidence in Australia's debt even as the Rudd government has put back plans to return its budget to surplus and intends to borrow more.
The last time an auction was taken by just one buyer was back in April 2008 and that had been for a much smaller amount.
"To outbid everyone at an auction is an expensive way to build a portfolio," said a dealer at a local bank. "Clearly, cost was not an over-riding factor. Frankly, people are scratching their heads wondering why they would do it this way."
Eclectic range of debt
Also puzzling was the eclectic range of debt purchased. Some $700 million of both a 2017 and a 2027 issue along with $200 million of a 2022 inflation-linked offer all went to a single bidder.
On that evidence, dealers suspected a foreign central bank or sovereign wealth fund. Central banks have been active buyers of Australian dollars in recent years as part of their efforts to diversify currency reserves away from U.S. dollars and euro.
Even institutions as financially conservative as the Swiss National Bank and Bundesbank have started adding Australian dollars to their reserves.
The Australian Office of Financial Management (AOFM) this month increased its bond issuance target for the fiscal year to end June 2014 by $10 billion to $60 billion.
Total debt on issue will now peak around $370 billion by 2015-16, but that is still minor compared to many other major economies and one reason Australia has a triple A credit rating.
Around 70 per cent of government debt is currently held by offshore investors, down from a peak of 78 per cent last year but a long way above the levels seen in the early 2000s.


HEALTH


BE THE MOUNTAIN
By Herbalist Wendy Wilson
We now live in a time where there is one of two ways to go; the proverbial fork in the road. Folks big and small, and business big and small are having to make a choice between accepting what is wicked and unethical or oppose it. Companies which offer private email accounts are under attack by the government and two such businesses; Lavabit LLC and Silent Mail have closed. The owners of these businesses refused to turn over private information on their customers to the feds and are shutting down instead. It is hard to stand up to tyranny especially now when the two safeguards to prevent government abuse; Congress and the Judicial, are buckling under the strain of corruption and tyranny. Most folks would not have the funds to hire adequate legal representation anyway. So, what’s the solution? The Bible teaches us to run to the aid of other brethren. Righteous people need to rise up, stand together and be the mountain. 

“No matter how the wind howls, the mountain cannot bow to it.” Disney’s Mulan

FIND THE GOOD GUYS
We can also offer our support to those speaking truth and trying to do the right thing. The odds may look terrible but if righteousness is on your side you can have the powerful favor of the Lord. If you believe Jesus is King of Heaven and Earth, then you know that He is a God of war and fights with allegiance. In I Timothy 6 we find that Jesus has many names and one is King Potentate, King of Kings and Lord of Lords. He has absolute authority and power and has commissioned us and He paid the price.    

MORE POWER TO YOU

God’s word offers us 3,800 promises, which is the most published creditable book of facts (without a copyright) and is free from error. It is the authentic truth of God which is adaptable to all and contains reliable inspiration, instruction and correction. The Bible is also the revelation of Jesus and the God Family and it is indestructible; His word lasts forever. If you follow the Lord, you will also have the power of the Holy Spirit as described in the Bible as having unlimited power and the word of God cannot be broken. People pay to see the Marvel comics come to life on the big screen and have no clue that if they were right with the Lord and processed the Holy Spirit they would have more power than the comic super heroes.