Wednesday, February 29, 2012

The Destruction of The US Economy is Assured

The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before imagined. After trillions of dollars of deficit spending and similar amounts of Fed monetary chicanery no recovery has occurred. No recovery can occur until massive amounts of debt are liquidated. Current debt levels are unsustainable for many. For others, the debt requires spending reductions in order to reduce it. Others will just have to default in one fashion or another.
Much of the debt will never be repaid and will have to be defaulted upon.  Government is trying to prevent this necessary liquidation from taking place. All that does is lock the economy into sub-standard performance, making a normal recovery impossible. In the process, government is adding massive new amounts of debt to their own over-leveraged situation.

MORE AT HEADING ABOVE

Tuesday, February 28, 2012

John Stossel's Illegal Everything

Turk - Something Big is About to Happen in Gold & Silver

With gold near $1,770 and silver near $35.50, today King World News interviewed James Turk out of Spain. Turk told King World News the fact that silver is not pulling back is an indication of how strong that market is right now. Here is what Turk had to say about the situation: “This is a great start to the week for the precious metals, Eric. We need to see this kind of strength to make sure both gold and silver follow through in the next few trading days to confirm the big gains from last week where gold climbed 2.9%, while silver soared 6.4%. It is remarkable to see both metals hold their gains with no profit taking. Clearly, traders see something big is about to happen, and so do I.”

Sunday, February 26, 2012

Wyoming Prepares Doomsday Contingency Plans “In the Event of a Complete Economic or Political Collapse in the United States

Three million Americans, often ridiculed by family, friends and mainstream media for their paranoia, aren’t the only ones preparing for the potentiality of catastrophe resulting from natural or man-made causes. Recent legislation in Wyoming would open the door to studies into the possibility of far-from-equilibrium situations and SHTF preparedness plans that include alternate currencies in the event of a dollar collapse, redundant food distribution networks, preserving utility infrastructures, as well as raising and maintaining a well regulated militia if the situation calls for it.
House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a complete meltdown of the federal government.
The task force would look at the feasibility of Wyoming issuing its own alternative currency, if needed. And House members approved an amendment Friday by state Rep. Kermit Brown, R-Laramie, to have the task force also examine conditions under which Wyoming would need to implement its own military draft, raise a standing army, and acquire strike aircraft and an aircraft carrier.
The bill’s sponsor, state Rep. David Miller, R-Riverton, has said he doesn’t anticipate any major crises hitting America anytime soon. But with the national debt exceeding $15 trillion and protest movements growing around the country, Miller said Wyoming — which has a comparatively good economy and sound state finances — needs to make sure it’s protected should any unexpected emergency hit the U.S.
Several House members spoke in favor of the legislation, saying there was no harm in preparing for the worst.
Source: Wyoming Trib
Those looking to prepare on a personal level for doomsday related events in an effort to avoid a Hurricane Katrina-like incident should take a page from the Wyoming legislators and consider individual SHTFplans along the same lines:

Friday, February 24, 2012

30,000 drones in American skies, civil liberties in jeopardy

A bill passed last week allocating more than $63 billion to the Federal Aviation Administration would increase the existence of drones in civilian airspace across America and is expected to be signed into law by President Barack Obama.
As America’s drone war begins a new surge in Pakistan, the U.S. House and Senate have both approved the Federal Aviation Administration (FAA) Reauthorization Act bill, a bill which would pressure the FAA to weaken rules currently in place on domestic drone authority, and allow American skies to be filled with tens of thousands of drones. If the new bill becomes law, up to 30,000 drones could by flying in U.S. airspace by decade’s end. The Senate passed the bill by a 75-20 margin. Civil liberties groups have spoken out on the measure, stating the new legislation offers no restrictions on drone surveillance operations by police and federal agencies and could put us on track toward a “surveillance society.” As drone technology rapidly advances, America’s law enforcement community is eager to use these robotic machines in their daily operations, and the American Civil Liberties Union (ACLU) notes
Unfortunately, nothing in the bill would address the very serious privacy issues raised by drone aircraft. This bill would push the nation willy-nilly toward an era of aerial surveillance without any steps to protect the traditional privacy that Americans have always enjoyed and expected.
Details in the new drone bill are extensive. Among them, the bill would require the FAA to expedite and simplify its drone operation permission process to government agencies, to be completed within 90 days. The FAA is currently considering a proposed set of regulations alleviating drone rules, set to be released this spring.

Violence in Syria..It Can Happen HERE

Those scenes feel strangely familiar.

This short documentary shows many aspects. People queuing up for the few food that is left, makeshift hospital that does not work well and the human tragedy that comes with all this.

Often street fighting was very similar. Spray and pray. What you see after 2 minutes are civilians with guns. Not aware of risks and without much of a strategy. We have been like that in beginning too. After some time you figure out what to do and what not. What people there do is so dangerous because they underestimate angle of fire from attackers. Enemies have to get out of cover just a little bit to shoot people, while they have to move several meters to get back to some sort of cover. Crazy risk indeed.

You also see crowd dynamic. Who believes those people will ever give up fight? Nobody. They will win or die. What you see in video is that crowd is ecstatic for fighting, for freedom, whatever.

What you do not see in video is what is going on in background. Maybe situation is not desperate enough yet, because this one bakery shop still operated, but if situation continues like that people will turn against each other. Team spirit was gone in second month after we got cut off from supplies and that is when pillaging, raping, torturing start to become common.

MORE AT HEADING ABOVE

Wednesday, February 22, 2012

Fearless Prediction: On March 20, Greece Will Default

On March 20, Greece has to come up with €14.3 billion—or else it will be bankrupt.

Of course, Greece doesn’t have €14.3 billion—that’s why the Troika of the IMF, the EC and the ECB are trying to hammer out a deal to bail them out again: A bailout to the tune of €136 billion. They’ve had marathon-length negotiating sessions, one “crucial emergency meeting” after another—hell, they even called the Pope to send them a case of holy water and a truckload of wooden stakes. I’m serious!

Last Monday, a deal seemed to have emerged: That’s what the announcement sounded like. In fact, it looked so much like a done deal—it was spun so decisively as a done deal—that I was all set to write something snarky like, Greece Takes It Greek Style: “Thank You Troika, May I Have Another” Bailout On Its Way. (What can I say: I’m a vulgar bastard.)

But then . . . then we all started looking at the fine print of the deal. And that’s when everyone who follows this stuff started to realize that the deal wasn’t a deal—merely the illusion of a deal.

A motto of mine: Never try to do the work someone else has already done for you. In the case of analyzing the Greak “deal”, I turn to John Ward, who pretty much nailed the critique of the deal:

1. [A]lthough the ECB has made a reasonable fist of complicating its subordination of the private bondholders – money out, profits redistributed, local central banks reinvesting and so forth – it remains a preferential deal done outside this so-called ‘bailout with PSI’. The IIF creditors have sort of voluntarily taken the extra 3.5% hit, but the coupon they’ve been offered is worth less than the original. In a statement issued by representatives of private bondholders, the new interest rates – 2% for the first three years, 3% for the next five, and 4.2% thereafter were described as “well below market rates”, and the creditors will lose money on them. The tone of the statement screams ‘involuntary’. In English, all these factors spell default.
READ MORE AT HEADING ABOVE

Lord James of Blackheath: Mystery 15 Trillion Dollars Transferred to HSBC For Royal Bank of Scotland Connected to JP Morgan and Federal Reserve

"There are three possible conclusions which may come from it. First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.

In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in the United Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5 trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland. We need to look to where this came from and the history of this money. I have been trying to sort out the sequence by which this money has been created and where it has come from for a long time."

Tuesday, February 21, 2012

Anonymous Hacks Greek Ministry Website, Demands IMF Withdrawal, Threatens It Will Wipe Away All Citizen Debts

If there is one war that Greece could not afford to join, that is with the global computer hacking collective known as Anonymous. Yet as of minutes ago, that is precisley what happened, after Anonymous, as part of what it now calls Operation Greece, took down the Greek Ministry of Justice (http://www.ministryofjustice.gr/). While the pretext for the hacking appears to have been an arrest of the wrong people, is seems to have angered Anonymous to the point where they have left an extended message of demands on the Greek website, warning that unless the IMF withdraws from the country and the government resigns, all debts of Greek citizens will be wiped clean.
Story HERE

Monday, February 20, 2012

18 Obama Stats

The following are 18 statistics that prove that the economy has not improved since Barack Obama became the president of the United States….

#1 Today there are 88 million working age Americans that are not employed and that are not looking for employment. That is an all-time record high.

#2 When Barack Obama was elected, the percentage of unemployed Americans that had been out of work for more than 52 weeks was less than 15%. Today, it is above 30%.

#3 There are 1.2 million fewer jobs in America today than there were when Barack Obama was inaugurated.

#4 When Barack Obama first took office, the number of “long-term unemployed workers” in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.

#5 The average duration of unemployment in the United States is hovering close to an all-time record high.

#6 During the Obama administration, worker health insurance costs have risen by 23 percent.

#7 Since Barack Obama has been president, the average price of a gallon of gasoline in the United States has increased by 90 percent.

#8 Since Barack Obama has been president, home values in the United States have declined by another 13 percent.

#9 Under Barack Obama, new home sales in the U.S. set a brand new all-time record low in 2009, they set a brand new all-time record low again in 2010, and they set a brand new all-time record low once again during 2011.

#10 Since Barack Obama took office, the number of Americans living in poverty has risen by more than 6 million.

Friday, February 17, 2012

America’s Slide into Greece

President Obama, in a scandalous show of bad faith and dereliction of his sworn duty, proposed a phony FY 2013 budget plan this week that increases spending from $3.8 trillion in 2013 to $5.8 trillion in 2022.

True to his New Deal socialist antecedents, the Obama budget will add to the bloated size and scope of the federal government and the national debt. Each American’s share of this debt is now $49, 211.27.

Here is a right-on comment about the Obama budget by Washington Post columnist Charles Krauthammer:

“The president knows that we are headed over a cliff. He just wants to get past Election Day as he does on everything. But this is a budget worthy of Greece and for the president of the United States to offer it knowing how dire our situation is, is truly scandalous.”
If You Spent Like Obama…

For a stunning revelation of what the $3.8 trillion Obama budget would mean in the understandable numbers of an average family who followed his example, see the ABC News analysis by Jake Tapper.

If your budget followed Obama’s example it would mean a family budget as follows (with comparable Obama budget numbers at right):

Total family spending: $38,000 $3.8 trillion Obama spending

Total family income: $29,000 $2.9 trillion Obama deficit for 2013

Total new debt: $9,000 $9 trillion new Obama debt added

Existing credit card debt: $153,000 $15.3 U.S. national debt

Quite obviously, no family could live like this — and neither can the United States for very much longer. Yet the president, who apparently thinks Americans are all ignorant dolts, told us he was “cutting” spending in his phone budget!
Fat Phony Budget, Non-Existent Cuts

Thursday, February 16, 2012

The Deflationary Undertow Before The Inflationary Wave

Ride the wave, or drown. 

War between Israel and Iran now seems inevitable. Leon Panetta claimed that it would be this coming spring—and I see no reason to doubt him.

How an Israeli-Iranian war will play out—that is, whether it will draw in more geopolitical actors (such as the U.S.), or if it will be a series of limited attacks, counter-attacks, and then stalemate—is impossible to predict. War tends to take on a life of its own.

But we can predict how it will affect the global markets.

A very reasonable assumption is that oil supplies, especially to Europe, will be severely curtailed. Aside from the fact that one fifth of the world’s oil production passes through the Straight of Hormuz—ground zero of a war with Iran—the rest of the world and especially Europe depends on Iranian oil. As discussed in the SPG Scenario of this past June (“An Israeli-Iranian War?”), close to 10% of the eurozone’s oil comes from Iran—and the countries most particularly dependent on Iranian oil are precisely those most in trouble right now: The so-called PIIGS.

So oil prices will inevitably rise. And so—just like 1979, after the overthrow of the Shah of Iran and the subsequent Oil Shock—the world’s economies will experience another likely oil shock which will send up the price of oil, hurting the world economies rather badly—

—and driving up inflation.

Dollar inflation and euro inflation is in the offing, in the weeks and months following a war with Iran. The assets that will rise drastically in price will be precious metals, especially silver; agricultural commodities; and oil—obviously. The assets that will collapse in price will be sovereign bonds, corporate bonds, and equities, in that order. In the Scenario, I discussed which countries will hurt the most, so I won’t bother repeating what I wrote there.

However, notice I say that inflation will rise “in the weeks and month following a war with Iran”: A war with Iran which disrupts oil supplies will—inevitably—lead to an inflationary wave.

But before that inflationary wave hits—that is, in the days and hours following the beginning of the war—we will experience a deflationary undertow.

This deflationary undertow will present some interesting opportunities.

If and when there is a curtailment of Iranian oil due to a war in the region, inflationary expectations and a regular ol’ short-squeeze—paradoxically—would force both the dollar and the euro up, as traders and speculators sell off assets and positions and go to cash in those two currencies, in order to cover their exposure.

Wednesday, February 15, 2012

Barron - This is Financial Armaggedon, Lehman x 1,000

Today one of the legends in the gold world told King World News what we are looking at right now is “financial Armaggedon.” Keith Barron is responsible for one of the largest gold discoveries in history and consults with major gold companies around the world as well as international brokerage houses. Barron described the current situation as “Lehman times 1,000.” Here is how Barron described the financial nightmare: “Once there is a resolution to this situation in Greece, we will see a resurgence in the gold price. We will see some major moves. The only way to get out of this Greek mess right now is to bail it out with money. We don’t know who’s going to do it. They were talking with the Chinese today about getting them involved in a rescue fund.”

Keith Barron continues:


“They call it an investment fund, but I don’t see how you are going to get any return on your investment or even get your money back. They can only do this temporarily, of course, and then another couple of months down the road, when more bonds are due, it’s going to come around again and bite everyone.


I think Greece will eventually default and that will be an end to it and then we move on. Then we will see what happens with the other countries that are in trouble. I saw yesterday there was something in the press about Italy selling its gold to help with their debt, but the gold they possess is only a tiny fraction of their total debt. So that wouldn’t even serve any purpose.


What we are going to have to see is a massive bailout by a consortium of countries with the Americans heading it up, with the possibility of China being involved. Essentially this will be designed to bail out Spain and Italy. If Spain and Italy were to go down, they would take the rest of Europe down as well as the whole international banking system. It’s very, very serious.


One thing that isn’t talked about much, although I did receive a note today from UBS regarding it, is derivatives related to bond insurance....

Tuesday, February 14, 2012

Going Off Grid - Montana Style!

The concept of off-grid living is often encumbered by numerous false assumptions and associations. Many think that to delve into the lifestyle you must be either a grizzled anti-social mountain man, a pompous starry-eyed hippie, or, a criminal on the lam. The spectrum of characterizations range from “kooky” bunker building militia members to spoiled Al Gore worshipping vegan hipsters out to prove they are better than everyone else by reducing their “carbon footprint”. The point is, for the average television-fed American, the idea of off-grid life automatically conjures visions of the extreme.

I believe this reaction is due in large part to our society’s obsession with feeling “connected”. Ever challenge a friend or family member to go without touching their cell phone for a day? Ever ask them to shut off their TV and see if they can find other ways to occupy themselves? Ever ask them to leave modern conveniences behind, if only for a weekend, to take part in some simple camping? I can say that in my own experience, nine out of ten people will stare at you pale faced like you just kicked them square in the loins. For them, leaving behind the buzz of our make-believe culture is the same as stepping outside of time, or abandoning one’s very identity. The whole suggestion is alien.

Luckily, here in Montana, I’ve encountered far hardier souls than in most other places, and the pursuit of an existence disconnected from dependence on the system is not treated as quite so outlandish. In fact, many here have taken the leap into self-sufficiency and gone 100% off-grid. I was lucky enough to meet one of these pioneers recently, and take a tour of his farm, but what interested me most about him were his origins, which were rooted about as far away from his current environment as you can get…

READ THE REST AT HEADING ABOVE

Monday, February 13, 2012

Massive Fees Coming!


Airlines and their passengers would pay up to $32 billion in new air traffic and security fees over 10 years, and grants to big airports would fall sharply under White House budget proposals on Monday aimed at deficit reduction.
The Obama administration wants major carriers, their passengers, business jets and airports to pick up more of the costs of air travel and airport improvements that for years have been borne by taxpayers.
New fees are sure to trigger strong opposition from airlines and other aviation groups who argue that the industry is already over-taxed and over-regulated.
Ideas quietly floated and then discarded during congressional budget negotiations last summer reemerged in the fiscal 2013 transportation and homeland security portions of the White House budget sent to Congress that outlines $4 trillion in deficit reduction.

Read more HERE

Saturday, February 11, 2012

Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” *Video*

If you’re not yet convinced that the path we’re on leads to catastrophe, then consider watching the following interview with Daniel Ameduri (Future Money Trends) and John Williams (Shadow Stats). Ameduri asks the questions no mainstream reporter would dare to ask about the state of our economic, financial and monetary system and what the end result will look like. Economist John Williams responds by laying out a grim picture of how we got here and the impact we’ll soon experience in every facet of our lives.
This is an interview that shouldn’t be missed.
One of the leading experts on statistical analysis and economic theory in our country is giving us an outline of what’s coming and how to get ready for it.
[excerpts follow - see video below for full interview]
Williams: We’re in a no win situation. This is end of the world type stuff.I hate to say that.
Go back to September of 2008. The system was on the brink of collapse. That was in the end of the world as we know it – the financial world. They pulled out every stop-gap measure that they could. They graded whatever they had to do to keep the system afloat. That’s the type of environment we’re dealing with.
We’ve been living through some replays of that, nothing quite as serious. The end of the line fundamentals are not getting better. You’re in a situation now where the rest of the world increasingly has lost its confidence in the US dollar.
Ameduri: When you’re looking at this hyperinflation, when you’re preparing, how long are you actually expecting the chaos part to last?
Williams: I can’t tell you how long it’s going to last. I can tell you it’s likely going to be very disruptive to our lifestyles because we don’t have any backup systems to the dollar.
Ameduri: Are utility workers going to show up for work when if we’re in hyperinflation? Their checks are going to be worthless…
Williams: It depends how creative people get. You also have a chance of seeing disruption to supplies to grocery stores. And if food’s not on the shelves, it’s one of the fastest ways of turing to civil unrest.
What I would look to do is have a backup supply of at least several months of the basic commodities you need to live with – canned food, toilet paper, as well as barter items…
You want to be able to be prepared as you might be for a natural disaster…I think people should have supplies not only for natural disasters, but man-made disasters. And just to keep rotating your stock.
In this type of environment where nobody can get a safe return on their money within the United States that beats the official rate of inflation, buying canned foods and such is actually a better investment than a Treasury bill.
Ameduri: What’s the breaking point where we actually see that loss of faith in the currency?
Williams: Well, I think we’ve already passed it. We’re not seeing heavy dollar selling right now, but if you look at the global market response to what was being done in Washington, that was a loss of confidence…. They’re not going to let a systemic collapse happen so long as they can get away with what they’re doing and the markets allow them to do it.
Moving further down the road to the hyperinflation, it buys them time. That’s all it does. They don’t have a solution.
…Eventually you’ll see a collapse here of the dollar where the dollar becomes worthless. For people living in a dollar denominated world that means that the purchasing power of their primary currency is going to disappear. They need to protect themselves or to protect the purchasing power of their assets.
The proximal trigger for the big problem we have ahead, I believe, will be a massive sell off of the dollar. I can’t tell you exactly when it’s going to happen. It can be triggered by any number of things from a resolution of the Euro crisis to the next round of Fed easing whatever that will be.
We’re moving in a direction that clearly indicates you don’t want to be in the US dollar.
Watch the video via Future Money Trends:

Friday, February 10, 2012

Debt Slavery: 30 Facts About Debt In America That Will Blow Your Mind

When most people think about America's debt problem, they think of the debt of the federal government.  But that is only part of the story.  The sad truth is that debt slavery has become a way of life for tens of millions of American families.  Over the past several decades, most Americans have willingly allowed themselves to become enslaved to debt.  These days, most of us are busy either going into even more debt or paying off the debt that we have accumulated in the past.  When your finances are dominated by debt, it makes it really hard to ever get ahead.  Incredibly, 43 percent of all American families spend more than they earn each year.  Even while median household income continues to decline (now less than $50,000 a year), median household debt continues to go up.  According to the Federal Reserve, median household debt in America has risen to $75,600.  Many Americans spend decades caught in the trap of debt slavery.  Large numbers of them never even escape at all and die in debt.  It can be a lot of fun to spend lots of money and go into lots of debt, but it can be absolutely soul crushing to toil and labor for years paying off those debts while making others wealthy in the process.  Hopefully this article will inspire many people to try to escape the chains of debt slavery once and for all.
Because the truth is that the American people need a wake up call.  Consumer borrowing rose by another $19.3 billion in December.  Right now it is sitting at a grand total of $2.5 trillion according to the Federal Reserve.
Overall, consumer debt in America has increased by a whopping 1700% since 1971.
We always criticize the federal government for going into so much debt, but we rarely criticize ourselves for our own addiction to debt.
Debt slavery is destroying millions of lives all across this country, and it is imperative that we educate the American people about the dangers of all this debt.
The following are 30 facts about debt in America that will absolutely blow your mind....
Credit Card Debt
#1 Today, 46% of all Americans carry a credit card balance from month to month.
#2 Overall, Americans are carrying a grand total of $798 billion in credit card debt.
More..HERE

Wednesday, February 8, 2012

Drones over U.S. get OK by Congress

Look! Up in the sky! Is it a bird? Is it a plane? It’s … a drone, and it’s watching you. That’s what privacy advocates fear from a bill Congress passed this week to make it easier for the government to fly unmanned spy planes in U.S. airspace.
The FAA Reauthorization Act, which President Obama is expected to sign, also orders the Federal Aviation Administration to develop regulations for the testing and licensing of commercial drones by 2015.
Privacy advocates say the measure will lead to widespread use of drones for electronic surveillance by police agencies across the country and eventually by private companies as well.
“There are serious policy questions on the horizon about privacy and surveillance, by both government agencies and commercial entities,” said Steven Aftergood, who heads the Project on Government Secrecy at the Federation of American Scientists.
The Electronic Frontier Foundation also is “concerned about the implications for surveillance by government agencies,” said attorney Jennifer Lynch.

Tuesday, February 7, 2012

You didn’t get any of the benefits. Why get stuck paying the bill?

Hong Kong’s total population is around 7 million. The workforce is 3.75 million.  So generous are the tax breaks and allowances, only about 1.5 million people pay any tax at all.
A single person can earn HK$108,000 a year (about US$14,000) before owing any tax.  And a married person with a dependent spouse can earn HK$216,000 (US$28,000) tax-free.
For those who do pay tax, the maximum rate tops out at 17%… and most people pay less.  There is no sales tax, no VAT, no capital gains tax, and no tax on dividend income.  I can even buy all my favorite wines here completely free of tax or duties.
With such a liberal tax regime, you’d think the Hong Kong government would be struggling to make ends meet, right?
Wrong.
In fact, the Hong Kong government’s coffers are awash with so much money it just announced a projected budget surplus of 3.5% of GDP for the fiscal year ending March 31, 2012.  This will leave it with cash reserves of about HK$662 billion (US$85 billion), or 22 months worth of expenditure.
Looked at another way, the Hong Kong government is sitting on about US$12,150 in spare cash for every man, woman and child in the territory, and they are rebating much of this to citizens over the next few months.

Monday, February 6, 2012

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming

The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined.  Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes.  Things may seem relatively stable right now, but it won't last long.  The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming.  Nothing really got fixed after the crash of 2008.  We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then.  The "too big to fail" banks are larger now than they have ever been.  Americans continue to run up credit card balances like there is no tomorrow.  Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country.  We continue to consume far more than we produce and we continue to become poorer as a nation.  None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then.  So why in the world are so many people so optimistic about the economy right now?
Just take a look at the chart posted below.  It shows the growth of total debt in the United States.  During the financial crisis of 2008 there was a little "hiccup", but the truth is that not much deleveraging really took place at all.  And since the recession "ended", total credit market debt has gone on to even greater heights....
http://theeconomiccollapseblog.com/wp-content/uploads/2012/02/Total-Credit-Market-Debt-Owed.png

Saturday, February 4, 2012

Martenson Interviews Dines: 'Wealth In The Ground' Is Your Best Bet to Surviving the Coming 'Supernova of Inflations'

James Dines has been in the business of making bold calls for over 50 years. In this deep-diving interview, he minces no words about the dire risks the US economy - and the world at large - faces at this juncture.
Simply put, he sees the excessive credit in the financial system as having placed the global economy on a collision-course with hyperinflation.
Unlike past periods of turmoil, there are no truly 'safe' places for investment capital to hide. Geographic markets and almost all asset classes are positively correlated these days. They share many of the same risks and if a systemic crash occurs, they will crash together.
At this point, says Mr Dines, you want to invest in assets that can not be printed away by government desperation. You want to hold hard assets; "wealth in the ground" as Dines says (physical commodities, mining companies, etc). They're your best best to make money faster at a rate faster than inflation is going to happen.
On Government's Odds Of 'Saving' The Economy
They are borrowing money with no intention of paying it off. Politicians hope to be safely dead by the time it hits the fan. This year alone America is going to be running a deficit of 1.3 trillion dollars. Most people do not really even grasp how much a trillion dollars is. One trillion dollars. If you spend one million dollars each and every day from now on, back to the time of Jesus’ birth, you could not spend one trillion dollars. Right now America’s debt is approaching 15 trillion dollars, which are numbers used for astronomy. How is America going to earn that? With Facebook and Twitter corporations? Our industrial base is gone. Entitlements of fixed forced payments are a large and growing section of it.

Friday, February 3, 2012

Iran warns world of coming great event


Amid crippling sanctions over its nuclear weapons program, Iran is continuing to prepare itself for war against the West, and now is warning of a coming great event.
“In light of the realization of the divine promise by almighty God, the Zionists and the Great Satan (America) will soon be defeated,” Ayatollah Khamenei, the Iranian supreme leader, is warning.
Khamenei, speaking to hundreds of youths from more than 70 countries attending a world conference on the Arab Spring just days ago, told a cheering crowd in Tehran that “Allah’s promises will be delivered and Islam will be victorious.”
The countries represented included Bahrain, Egypt, Libya, Palestine and Tunisia, all of which have been involved in the Arab Spring.
In his remarks, Khamenei advised the youths to remain vigilant, stating that the Islamic awakening in the region has delivered several blows to the enemies of Islam and that all Muslims, despite their own historical and social differences, remain united in opposing the “evil hegemony of the Zionists and the Americans.”

Thursday, February 2, 2012

Caesar Bryan - Tidal Wave of Gold Buying as Confidence Lost

Today King World News interviewed 25 year veteran Caesar Bryan, manager of the Gabelli Gold Fund.  Gabelli & Company has $31.3 billion under management and has been around for 34 years.  Caesar Bryan has managed the gold fund since its inception in 1994.  Caesar had this to say regarding a loss of confidence in the system:  “When I started managing gold equities in 1987, gold was in the process of being demonetized.  By that I mean central banks were selling.  That’s changed.  After a long and painful experience, central banks are now adding to gold.  With the ‘Great Moderation’ over, people are now beginning to question the money.  This is really a very serious situation.  Confidence is hard to get and easy to lose, and I hope the authorities are aware of that.”
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Caesar Bryan continues:

“I think the 70s situation was somewhat odd because we came off of a fixed ($35) price for gold.  There had been no free market in gold and so there was all of this price discovery going on in the 1970s.  That bull market ended with panic buying and there is going to be panic buying again at some point in the future.  That’s what’s going to happen. 

Somebody put it so neatly to me the other day, they said, ‘Look, since 1971 the gold price has gone up 50 fold.  The price of gold could double and triple from here quite easily.’  Put into that context you think, yes, especially bearing in mind how much money is being created.  If you look at gold relative to financial assets, gold relative to total M3, gold is very undervalued.

We will quite possibly eclipse the mania many of us witnessed in the 70s.... 

Google changes its privacy policy: another reminder to use offshore email‏

 Sovereign Man
Notes from the Field

Date: February 2, 2012
Reporting From: Undisclosed location

If you're like almost every single Internet user on the planet, you probably use Google for something. Maybe Gmail, maybe Google search, maybe Google Docs, maybe Google Voice... or maybe all of the above.

Google recently began circulating a new privacy policy that will take place effective March 1, 2012.  With so many services ranging from a new social network to an online office platform, Google has consolidated all of its privacy policies into one. And it's a good reminder of what's at stake.

Anytime you perform a Google search, for example, it's logged. Your computer's IP address and cookie (unique identifiers that can essentially pinpoint you and your location) are also included, so your computer's entire search history is archived.

When you receive an email through Gmail, or a voicemail on the Google Voice service, it's archived on their servers. Even if you delete the messages, there's still a copy on Google's servers. The marginal cost of digital storage is so ridiculously cheap that they have little reason to delete this data.

Then, of course, there are all the government requests for user data. In the first half of 2011, the US government requested information on over 11,000 Google accounts. Google complied with a full 93% of those requests.  Your account might have been one of them, and you would never know.

It's not just Google either. Between Google, Microsoft, Yahoo, and AOL, the four companies power the email accounts of over 1 billion people. And all of them are in bed with the US government.

In a way, they have to be. They're all US companies-- headquartered in the US and subject to US law. When the government comes looking for information, or some judge decrees that a user's emails be confiscated as evidence, they have to comply.

Big Brother compliance also goes far beyond email. Skype, the popular instant message and VOIP software that was once thought to be private and secure, is now owned by Microsoft... meaning that Skype chats are now also subject to courts and police agencies.

So what to do? First, and most importantly, be mindful about what you put in an email or online chat platform. The best rule of thumb is that sending an unsecure email is like shouting the contents across the street.

Further, consider using an offshore email provider that can securely host your account abroad. There are a number of them available, services like:

https://secure.runbox.com/ (Norway)

http://www.SwissMail.org/ (Switzerland)

http://www.NeoMailbox.com/ (Switzerland)

If you have your own custom domain email address (for example, admin@sovereignman.com), you can keep your existing email address and simply change the mail servers. I've asked my IT staff to put together a short guide showing exactly how to do this, and I'll send it out to you soon.

More to follow.

Until tomorrow,
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Simon Black
Senior Editor, SovereignMan.com

Wednesday, February 1, 2012

Bill Gates funds technology to destroy your sperm

(NaturalNews) Mass vaccination is apparently not the only depopulation strategy being employed by the Bill & Melinda Gates Foundation, as new research funded by the organization has developed a way to deliberately destroy sperm using ultrasound technology. BBC News reports that the Gates Foundation awarded a grant to researchers from the University of North Carolina (UNC) to develop this new method of contraception.

For their study, the UNC team tested ultrasound on lab rats and found that two 15-minute doses "significantly reduced" both sperm counts and sperm integrity. When administered two days apart through warm salt water, ultrasound caused the rats' sperm counts to drop below ten million sperm per milliliter, which is five million less than the "sub-fertile" range, and stay that way for up to six months.

The report claims the technology is for contraceptive purposes only and not for causing sterility. However, Dr. James Tsuruta, who led the research, told reporters that it is unclear whether or not the technology can cause long-term damage, and that more research is needed to determine whether or not repeated ultrasounds cause permanent damage.

Learn more: HERE

The Historical Case For $960 Silver

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