Wednesday, November 30, 2011

"China Will Not Hesitate To Protect Iran Even With A Third World War"

"China Will Not Hesitate To Protect Iran Even With A Third World War"

Tyler Durden's picture




Fast forward to 2:08: "It is puzzling to some that Major General Zhang Zhaozhong, a professor from the Chinese National Defense University, said China will not hesitate to protect Iran even with a third World War... Professor Xia Ming: "Zhang Zhaozhong said that not hesitating to fight a third world war would be entirely for domestic political needs...." And don't forget Russia, which recently said it is preparing to retaliate against NATO and has put radar stations on combat alert: "Russia is another ally of Iran, with similar policy to that of China. Toward Iran." Watch, and please forward the entire video, for an explanation of how China is approaching the situation not only in Iran, but a perspective of how they view the western "threat", as well as what tensions they face domestically.

Buck up, America!

WASHINGTON, Nov. 30 (UPI) -- The mood in the United States is sour. Although President Jimmy Carter never used the term, a "malaise" is infecting the country. Unemployment, poverty, even obesity and other measures of discontent are running at or near record levels. Abroad, conditions look equally grim.
The Arab Spring, a tragic misnomer, is by no means a road to peace, prosperity and democracy. Coalition forces will be out of Iraq by New Year's with few guarantees that Iraq will be less violent and more stable after nearly a decade of conflict.
While NATO says the security situation in Afghanistan is moving in a positive direction, governance and stability, the ultimate guarantors of a more stable country remain fragile at best. And last weekend's attack that killed two dozen Pakistani soldiers well inside the Pakistani border will inflame and not dampen the already tense relations between Islamabad and Washington.

Tuesday, November 29, 2011

Businesses plan for possible end of euro

International companies are preparing contingency plans for a possible break-up of the eurozone, according to interviews with dozens of multinational executives.
Concerned that Europe’s political leaders are failing to control the spreading sovereign debt crisis, business executives say they feel compelled to protect their companies against a crash that can no longer be wished away. When German chancellor Angela Merkel and French president Nicolas Sarkozy raised the prospect of a Greek exit from the eurozone earlier this month, it marked the first time that senior European officials had dared to question the permanence of their 13-year-old experiment with monetary union.

Wall Street Street Fraud

It looks like the EU is getting a bailout from the IMF that could be nearly $800 billion.  Gold is going straight up, and I am sure global stock markets will also surge on the bailout news.  This will not really fix what is wrong.  It will also not put an end to the chronic crisis mode Europe and the U.S. have been in for the past 3 years.  I mean, if all the global bailouts didn’t fix the problem, including $16 trillion pumped out by the Fed after the 2008 meltdown, what’s another $800 billion going to do?  The reason why things are not going to get better is that corruption is rampant and the financial system is totally broken.  Bailouts are treating the symptom, but the disease is unbridled fraud.  Many people don’t realize this because the corporate controlled mainstream media will not report on crimes of the financial elite.

You cannot have a thriving economy that is shrouded in fraud and mistrust.  Crimes continue to go unpunished, and mistrust is growing.  No bailout, no matter how big, will ever fix that.

MORE AT HEADING ABOVE

Monday, November 28, 2011

NEW US DOLLAR MEANS ECONOMIC COLLAPSE

“A NEW DOLLAR IS UNDERWAY,” reports Bob Chapman of International Forecaster fame. Banking professionals of middle sized banks apparently leaked to Chapman that the FED told the Banks to “clear safe storage” as they are “getting ready to print” a new currency.
Chapman told his readers that the presses are being oiled to roll out the NEW DOLLAR (it looks like a cheap Euro) because the FED expects the US Dollar will no longer be the reserve currency in another 18 months.
Key finance experts from around the globe are putting in their “two cents,” (which is what the new dollar will ultimately be worth), warning Americans to prepare for a Third World economy.
Beginning with the pros at the SilverDoctors, a question was posed that if the new dollar is true, then Bix Weir’s Road to Roota story of a Gold standard is dead wrong…that the Fed has put out the info Bix used as a decoy.
The Doc (Ted Butler?) answered: “It depends on whether the new dollar is a devalued fiat dollar or is backed by gold. The Fed would not divulge this beforehand because the sheeple would dump their dollars for hard assets like gold and silver to avoid the devaluation–which is the entire purpose of the new dollar.” View Entire Story Here.
Bix Weir, focusing on a coming new $100 bill, (not Chapman’s $1 dollar bill), has a different opinion: “All the Gold symbolism of a coming $100 bill indicates that there is a group of people working to end the fiat money system and return the US back to the Gold/Silver Standard.”

Senate Moves To Allow Military To Intern Americans Without Trial

The Senate is set to vote on a bill today that would define the whole of the United States as a “battlefield” and allow the U.S. Military to arrest American citizens in their own back yard without charge or trial.

“The Senate is going to vote on whether Congress will give this president—and every future president — the power to order the military to pick up and imprison without charge or trial civilians anywhere in the world. The power is so broad that even U.S. citizens could be swept up by the military and the military could be used far from any battlefield, even within the United States itself,” writes Chris Anders of the ACLU Washington Legislative Office.

Under the ‘worldwide indefinite detention without charge or trial’ provision of S.1867, the National Defense Authorization Act bill, which is set to be up for a vote on the Senate floor this week, the legislation will “basically say in law for the first time that the homeland is part of the battlefield,” said Sen. Lindsey Graham (R-S.C.), who supports the bill.

The bill was drafted in secret by Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.), before being passed in a closed-door committee meeting without any kind of hearing. The language appears in sections 1031 and 1032 of the NDAA bill.

Saturday, November 26, 2011

$707,568,901,000,000:Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest ever reported in the financial world: the number in question is $707,568,901,000,000 and represents the latest total amount of all notional Over The Counter (read unregulated) outstanding derivatives reported by the world's financial institutions to the BIS for its semi-annual OTC derivatives report titled "OTC derivatives market activity in the first half of 2011." Indicatively, global GDP is about $63 trillion if one can trust any numbers released by modern governments. Said otherwise, for the six month period ended June 30, 2011, the total number of outstanding derivatives surged past the previous all time high of $673 trillion from June 2008, and is now firmly in 7-handle territory: the synthetic credit bubble has now been blown to a new all time high. Another way of looking at the data is that one of the key contributors to global growth and prosperity in the past 10 years was an increase in total derivatives from just under $100 trillion to $708 trillion in exactly one decade. And soon we have to pay the mean reversion price.

What is probably just as disturbing is that in the first 6 months of 2011, the total outstanding notional of all derivatives rose from $601 trillion at December 31, 2010 to $708 trillion at June 30, 2011. A $107 trillion increase in notional in half a year. Needless to say this is the biggest increase in history. So why did the notional increase by such an incomprehensible amount? Simple: based on some widely accepted (and very much wrong) definitions of gross market value (not to be confused with gross notional), the value of outstanding derivatives actually declined in the first half of the year from $21.3 trillion to $19.5 trillion (a number still 33% greater than US GDP). Which means that in order to satisfy what likely threatened to become a self-feeding margin call as the (previously) $600 trillion derivatives market collapsed on itself, banks had to sell more, more, more derivatives in order to collect recurring and/or upfront premia and to pad their books with GAAP-endorsed delusions of future derivative based cash flows. Because derivatives in addition to a core source of trading desk P&L courtesy of wide bid/ask spreads (there is a reason banks want to keep them OTC and thus off standardization and margin-destroying exchanges) are also terrific annuities for the status quo. Just ask Buffett why he sold a multi-billion index put on the US stock market. The answer is simple - if he ever has to make good on it, it is too late.

Which brings us to the the chart showing total outstanding notional derivatives by 6 month period below. The shaded area is what that the BIS, the bank regulators, and the OCC urgently hope that the general public promptly forgets about and brushes under the carpet.

Try not to laugh. Or cry. Or gloss over, because when it comes to visualizing $708 trillion most really are incapable of doing so.

Thursday, November 24, 2011

Two Of The Largest Financial Banking Institutions On Brink of COLLAPSE

UNCONFIRMED: Two of the world's largest financial institutions are on the brink of collapse - one of them facing bankruptcy by end of January 2012. Both of these firms are heavily exposed to JUNK EUROPEAN DEBT and they are classed as TBTF. Inside sources say that a THIRD bank is also involved - and the third bank is NOT based in Greece, Spain or Italy - but in the UK. The systemic risk posed by this UK firm is estimated as MF Global x 10 - placing many hedge funds at huge risk. <----- (I have no idea whether the information is true, I cannot confirm it, but I can say it comes from reliable and trusted inside City sources. I cannot disclose any names of firms for legal reasons). My feeling is this information may be priced in since Monday's decline.

Check Link At HEADING

Wednesday, November 23, 2011

Audit The Federal Reserve Reveals 16 Trillion in Secret Bailouts

What was revealed in the audit was startling:
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is "only" $14.5 trillion.

Tuesday, November 22, 2011

Nuclear expert says Fukushima radiation coming to USA, massive cover-up under way

Nuclear expert says Fukushima radiation coming to USA, massive cover-up under way

U.S. Post Office Is Done According To PostMaster!

The U.S. Congress should rewrite the measures it’s proposed to save the Postal Service as they wouldn’t allow enough cost reductions, Postmaster General Patrick Donahoe said.
“If passed today, either bill would provide at best one year of profitability and at least a decade of steep losses,” Donahoe said today in a speech at the National Press Club in Washington. “By taking the best of both the House and Senate approaches, Congress can provide the Postal Service with the legal framework and the business model it needs.”
The U.S. Postal Service, which forecast a record $14.1 billion loss for the 2012 fiscal year, might be profitable by its 2014 fiscal year if Congress makes all changes the service wants, including the elimination of Saturday mail delivery, Donahoe said.
The service’s mail volume has fallen more than 20 percent since 2006 as customers have shifted to electronic communication and the U.S. economy slipped into a recession. The Postal Service has said it doesn’t expect the volume of first-class mail, its most profitable type, to rebound.
The Washington-based service said last week it had a loss of $5.1 billion in the year ended Sept. 30 and would have lost more had Congress not given it more time to make a $5.5 billion payment for future retiree health-benefit costs.

Monday, November 21, 2011

The government is getting prepared. What about you?

Did you hear about the latest civil unrest in Syria?  Police in full riot gear swarmed peaceful students who were staging a completely non-violent, human-chain sit-in at a university campus.
The Syrian police came up at point-blank range and hosed these kids down with pepper spray. If you've never been assaulted with pepper spray before, let me assure you that it is easily one of the most uncomfortable experiences you could ever go through in your entire life.
It was a truly disgusting display-- meeting peace with violence and brutality. Just the sort of thing you would expect from an oppressive regime like Syria.


Except... it wasn't in Syria. It was in California... right here in the land of the free.
This sort of thing has become totally commonplace. A few days ago, a Tampa, FL newspaper published a photograph of their local police force's latest and greatest piece of equipment-- a 12-ton armored personnel carrier (APC). In laymen's terms, it's basically a tank.


 111911-news-tampa-tank-1-662w.jpg


Needless to say, the cops rolled it out, proudly displaying it in an upscale Tampa neighborhood. Never mind that the APC tracks destroy city streets at taxpayer expense...

Saturday, November 19, 2011

According To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual Inflation

Everywhere you look these days, it seems that ZIRP, or the Fed's Zero Interest Rate Policy, is the panacea to all the world's problems. In fact, ask any tenured economy Ph.D. what inflation is and you will get a stare down, be told you are a moron, that banks need to print more, more, more and that we are really roiling in deflation, with some latent mumblings about buying their economics textbook for the inflationary price of $124.95. Everywhere, that is except the Fed itself. Because in an extremely ironic twist, it is none other than the San Francisco Fed, which operates the "Be Fed chairman for a day" simulation, where you try to keep both unemployment and inflation within the "price stabeeleetee" barriers, that reveals the reality of ZIRP. The laughter really begins when one recreates precisely what the Fed is doing: namely the policy of Zero Interest Rates, now well in its third year, that things take a turn for the surreal. We challenge any reader to play the Fed simulation game, and to do what Bernanke has done: namely lock the Fed Funds rate at the legal minimum: between 0.00% and 0.25%. In our personal experience, we were dismissed as Fed Chairman after annual inflation literally went off the charts and hit 38.36% following 4 years of ZIRP.

Friday, November 18, 2011

Gold / Housing Ratio Falls To Historic Low

In gold terms, an average single family home in the United States can now be purchased for only 18% of its pre-bubble price in 2001.   The term "pre-bubble" merits emphasis:  the average house can be purchased at an 82% discount (in ounces of gold) not from the peak real estate values of 2006, but the much lower home prices of 2001, before the real estate bubble began.
These numbers are based upon the Gold / Housing ratio, which is a measure of relative value between gold and real estate.  When we take the $171,900 current median national price for an existing single family home (per the National Association of Realtors) and divide by the $1,785 price per ounce of gold as of November 15, 2011, we come up with a Gold / Housing ratio of 96, meaning it takes 96 ounces of gold to purchase an average single family home. 

Thursday, November 17, 2011

The Entire System Has Been Utterly Destroyed

"The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Presenting The First MF Global Casualty

Tyler Durden's picture




Presented without comment, merely to confirm that the market as we know it, no longer exists.
BCM Has Ceased Operations (source)
Posted by Ann Barnhardt - November 17, AD 2011 10:27 AM MST
Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,
It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.
The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.
The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function. That base was the sacrosanct segregation of customer funds from clearing firm capital, with additional emergency financial backing provided by the exchanges themselves. Up until a few weeks ago, that base existed, and had worked flawlessly. Firms came and went, with some imploding in spectacular fashion. Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system.

Wednesday, November 16, 2011

Imminent Threat

Longtime readers know that I don’t spend much time in the United States; I usually swing by for a month or so each year to visit friends and family, and the period in-between visits can often stretch 6-months or more.
This is sufficiently long enough that I notice a lot of changes… some so drastic that they hit me in the head like a baseball bat.
For example, just last week when I was at Los Angeles International Airport, the police set up a checkpoint outside the main entrance as if we were in downtown Baghdad driving into the Green Zone.
IMG 0340 1024x768 Imminent Threat
And I couldn’t believe my eyes when, driving down Santa Monica Boulevard last Wednesday, I saw a police urban assault vehicle modeled after a US Army mechanized infantry fighting vehicle. It’s designed for one thing: maximum destruction.
It’s truly appalling how police forces across the country have become militarized. The concept of ‘peace officer’ no longer exists. Police are now paramilitary forces who only protect and serve the political class.
Because I’ve been out of the country for so long, I notice these changes more acutely; it’s like diving in head first into ice-cold water as opposed to wading in slowly. And this rise of the police state is accelerating.

Tuesday, November 15, 2011

Chinese TV Host Says Regime Nearly Bankrupt

China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.

Lang’s assessment that the regime is bankrupt was based on five conjectures.

Firstly, that the regime’s debt sits at about 36 trillion yuan (US$5.68 trillion). This calculation is arrived at by adding up Chinese local government debt (between 16 trillion and 19.5 trillion yuan, or US$2.5 trillion and US$3 trillion), and the debt owed by state-owned enterprises (another 16 trillion, he said). But with interest of two trillion per year, he thinks things will unravel quickly.

Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang.

Thirdly,
that there is serious excess capacity in the economy, and that private consumption is only 30 percent of economic activity. Lang said that beginning this July, the Purchasing Managers Index, a measure of the manufacturing industry, plunged to a new low of 50.7. This is an indication, in his view, that China’s economy is in recession.

Fourthly, that the regime’s officially published GDP of 9 percent is also fabricated. According to Lang’s data, China’s GDP has decreased 10 percent. He said that the bloated figures come from the dramatic increase in real estate development each year (accounting for up to 70 percent of GDP in 2010).

Fifthly, that taxes are too high. Last year, the taxes on Chinese businesses (including direct and indirect taxes) were at 70 percent of earnings. The individual tax rate sits at 81.6 percent, Lang said.
Once the “economic tsunami” starts, the regime will lose credibility and China will become the poorest country in the world, Lang said.

Monday, November 14, 2011

Economic Collapse? We’re Soaking In It!

Since the derivatives and housing market implosion of 2008, America and the rest of the world has been spiraling down a chasm some in this country still refuse to take note of. The question has never been whether there “will be” a full scale financial disaster. The end to that chapter of this story was already written years ago. Rather, the real question has been “when” will this inevitable event culminate? Sadly, speculation on the matter has met an irreconcilable road block. The fact is, all the necessary elements are in place to bring down our fiscal shelter not in five years, not in one year, not in six months, but today. That’s right…..the economy as we know it has the potential to derail completely before you wake up for your morning poptart. Some skeptics might shrug off this statement as mere sensationalism for effect. I wish that were the case. Frankly, I would enjoy writing a little fiction for once. The truth is far too bizarre and disturbing lately. In the case of economics, traditional views and standards have gone completely out the window in a way that I and probably every other analyst in the field have never heard of or encountered. All expectations are now null and void. Manipulation of the marketplace is no longer a subversive and secretive process, but open government and central banking policy! Who could have guessed five years ago, for instance, that U.S. taxpayers would be saddled with bailouts of the EU? Who could have predicted that global stock market psychology would be dominated for over a year by the debt drama of a country as economically insignificant as Greece? And, who could have foreseen that destructive fiat stimulus policies would soon be common knowledge events amongst the citizens of various faltering nations?

Friday, November 11, 2011

A Nation That Is Doomed

"When I consider all that is wrong in our society, I become despondent, angry and despairing for the future of our country. It seems that everyone in positions of power across the spectrum of education, religion, finance, and politics are psychopaths, bent upon self-destruction no matter the cost to society or unborn generations. Our nation has degenerated into an egocentric, self-loathing, vain, shallow excuse for a civilization. There is anger flaring up, but it is just as likely to be misdirected and misinformed. The lack of critical thinking skills and the overwhelming effects of media propaganda has so degraded the intelligence of the populace that when the system breaks down in the next few years, the masses will clamor for a savior rather than seeking truthful answers and willingly making the sacrifices required to get our nation back on track. This country will get what it deserves – a despotic ruler and a brutish civilization governed on the basest of principles. This is what happens when a society rewards lying and greed over honesty and compassion. There are consequences to actions and inactions alike. We’ve made our choice."

Thursday, November 10, 2011

Israel may launch strike on Iran as soon as next month

Israel will launch military action to prevent Iran developing a nuclear weapon as soon as Christmas, intelligence chiefs have warned.
A report by a UN watchdog into Iran’s nuclear ambitions ‘completely discredits’ the Islamic nation’s protestations of innocence, according to Foreign Secretary William Hague.
The International Atomic Energy Agency found that Iran is developing a nuclear test facility, nuclear detonators and computer modelling for a nuclear warhead that would fit on an existing missile.
Sources say the understanding at the top of the British Government is that Israel will attempt to strike against the nuclear sites ‘sooner rather than later’ – with logistical support from the U.S.
A senior Foreign Office figure has revealed that ministers have been told to expect Israeli military action, adding: ‘We’re expecting something as early as Christmas, or very early in the new year.’

Read more: http://www.dailymail.co.uk/news/article-2059462/UN-report-Iran-IS-trying-build-nuclear-bomb-warns-William-Hague.html#ixzz1dIyf6NHj

Wednesday, November 9, 2011

100% Chance of Crisis, Worse Than 2008: Jim Rogers

The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.

"We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now, and it's all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.

He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.

Tuesday, November 8, 2011

Deutsche Bank on Europe: 'It's Not Inconceivable That We Could Be In Full Crisis Mode By The End Of This Week'

Such is the severity of the situation in Italy.
Here’s Deutsche Bank’s Colin Tan talking about the same thing that everyone else is talking about:
Its not inconceivable that we could be in full crisis mode by the end of this week. The situation  with Italy feels increasingly like one that has little chance of materially improving until some extreme pressure is put on someone to act. It may not come to a head this week but the signs are not good that we can avoid an extreme situation emerging soon.
The big problem: Berlusconi doesn’t seem like he’s in an urgent mood to make reforms, the ECB isn’t doing much, and China and Brazil have dropped out of the picture.
Hence we could get a big bustup:
For us there is no obvious near-term solution other than a stress event which prompts action.
Maybe the EU authorities will use the experience learnt from the Greece situation last week
that a hard-line response is the only way to force countries to act in the way they want. It is a
big risk but at the moment the weaker countries seem to still want the Euro enough that the
ECB and Germans could play hard ball and get what they want if they are prepared to take the risk. Indeed ECB Governing Council member Yves Mersch fired a warning over the weekend saying that the ECB often discusses the possibility of ending the purchase of Italian
government bonds and could if it concludes Italy is not adopting promised reforms. Such talk
will not encourage private capital into Italy meaning that the ECB may need to intervene more
to have the required impact. 

Monday, November 7, 2011

Denial, Delusion and MSM Disinformation


7 November 2011
By Greg Hunter’s USAWatchdog.com 
What is going on in the world today is both frightening and historic.  It is frightening because the amount of debt accumulated is orders of magnitude more than ever before.  It is historic because the way this finally shakes out will be considered a major turning point in modern history.  I see this, but most people in the world are either in denial, delusional or just a victim of disinformation by the mainstream media (MSM).  If you read this site often, you know I heavily source what I write about.   I do this because I want people to have solid information and analysis.  For example, just last week, a Morgan Stanley analyst named Joachim Fels sent a research note out to clients that talked about the EU sovereign debt crisis.  Here is part of what Mr. Fels said, “This past week, by raising the possibility that a country might (be forced to) leave the euro, core European governments may have set in motion a sequence of events which could potentially lead to runs on sovereigns and banks in peripheral countries that make everything we have seen so far in this crisis look benign.”  (Click here to read the entire story from Zerohedge.com.)   

10 Reasons Why Silver is a Better Investment than Gold

Would you like to see your investments double, how about triple or even quadruple? If you invest in silver you will see just that. If you already invested in silver (when I suggested it 3 years ago) you would have already have seen your investments tripled. Can you say that about real estate or stocks? NO. If you want to become rich in the very near future, hock everything, quit buying stupid worthless things and start buying physical silver.

Right now we are watching a historical rise in the price of silver and gold and while gold has always been the king of metals I would like to make the case that silver will not only out-pace gold but it has already done so. Even with the current set back silver is still up 50% from last year!

Why should silver win the currency race?

There are 10 reasons why silver has already out-paced gold and will continue to do so in the very near future, they are:
CLICK AT HEADING LINK ABOVE

Sunday, November 6, 2011

Most of U.S. Unemployed No Longer Receive Benefits

The jobs crisis has left so many people out of work for so long that most of America's unemployed are no longer receiving unemployment benefits.
Early last year, 75 percent were receiving checks. The figure is now 48 percent -- a shift that points to a growing crisis of long-term unemployment. Nearly one-third of America's 14 million unemployed have had no job for a year or more.
Congress is expected to decide by year's end whether to continue providing emergency unemployment benefits for up to 99 weeks in the hardest-hit states.
If the emergency benefits expire, the proportion of the unemployed receiving aid would fall further.

Read more: At Heading Above

Friday, November 4, 2011

Collapsing Countries One By One

ROME (Reuters) - Italian Prime Minister Silvio Berlusconi defiantly refused to step down on Friday despite growing desertions from his crumbling center-right coalition that have left the fate of his government hanging by a thread.
Berlusconi is widely believed to have already lost the numbers he needs to survive in parliament but he told reporters at a G20 summit in France: "We have a majority which I continue to believe is solid and so we will continue to govern."
The 75-year-old media magnate described party rebels as traitors to the country and said they would return to the fold once he spoke to them.
Berlusconi, caught in the crossfire from European powers and a party revolt at home, agreed at the summit to IMF monitoring of economic reforms which he has long promised but failed to implement. He said he had turned down an offer of IMF funding for Italy.
All this may soon be irrelevant to Berlusconi who returns home later on Friday to face what looks increasingly like a deadly rebellion by his own supporters..

More at Heading Above

Thursday, November 3, 2011

GMO Researchers Attacked, Evidence Denied, and a Population at Risk

GMO Researchers Attacked, Evidence Denied, and a Population at Risk

Biologist Arpad Pusztai had more than 300 articles and 12 books to his credit and was the world's top expert in his field. But when he accidentally discovered that genetically modified (GM) foods are dangerous, he became the biotech industry's bad-boy poster child, setting an example for other scientists thinking about blowing the whistle.

In the early 1990s, Dr. Pusztai was awarded a $3 million grant by the UK government to design the system for safety-testing genetically modified organisms (GMOs). His team included more than 20 scientists working at three facilities, including the Rowett Institute in Aberdeen, Scotland, the top nutritional research lab in the UK, and his employer for the previous 35 years. The results of Pusztai's work were supposed to become the required testing protocols for all of Europe. But when he fed supposedly harmless GM potatoes to rats, things didn't go as planned.

Within just 10 days, the animals developed potentially pre-cancerous cell growth, smaller brains, livers and testicles, partially atrophied livers, and damaged immune systems. Moreover, the cause was almost certainly side effects from the process of genetic engineering itself. In other words, the GM foods on the market, which are created from the same process, might have similar affects on humans.

With permission from his director, Pusztai was interviewed on TV and expressed his concerns about GM foods. He became a hero at his institute - for two days. Then came the phone calls from the pro-GMO prime minister's office to the institute's director. The next morning, Pusztai was fired. He was silenced with threats of a lawsuit, his team was dismantled, and the protocols never implemented. His institute, the biotech industry, and the UK government, together launched a smear campaign to destroy Pusztai's reputation.

Wednesday, November 2, 2011

45,8000,000 Million On Food Stamps

Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million.
Food stamp rolls have risen 8.1% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from the depths of the recession.
The number of recipients in the food stamp program, formally known as the Supplemental Nutrition Assistance Program (SNAP), may continue to rise in coming months as families continue to struggle with high unemployment and September’s data will likely include disaster assistance tied to the destruction and flooding caused by Hurricane Irene.

Tuesday, November 1, 2011

Customers Switching to Credit Unions

New debit card fees at major banks are prompting many longtime customers to switch to credit unions.

"If everybody does it, then maybe banks will pay attention and we can change the way things are," said Bradley Cordle, who is closing her accounts with two large banks and opening a new one with Charlotte Metro Federal Credit Union.

Charlotte Metro has seen a 350 percent increase in new account applications online and an 88 percent increase at branches in recent weeks, according to chief operating officer Nicol Morris.

Meanwhile, the National Association of Federal Credit Unions has seen traffic more than triple on its search website CULookup.com, according to Patty Briotta, NAFCU's public relations manager.

While non-profit credit unions and many community banks still offer fee-free debit cards, large banks insist they need additional funding to maintain the vast ATM networks and other services consumers expect from them.

"There have been studies done by the Federal Reserve and others that would suggest a checking account costs between $200 and $300 a year to monitor, to give, to operate," said John Stumpf, CEO of Wells Fargo.

However, consumer backlash may be prompting some banks to consider alternative revenue streams to maintain those accounts. Chase and Wells Fargo are ending pilot programs that charged customers in certain test markets a monthly debit card fee of $3.
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