Obama’s Dumbest Move to Date… Seizing a Foreign Bank

Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage. 
The men were from the Central Bank of Cyprus (CBC).   And they commandeered FBME because an obscure agency within the US government recently issued a report accusing the bank of laundering money.   It just so happens that FBME… and Cyprus in general… is where a lot of wealthy Russians hold their vast fortunes.
Bear in mind, there has been no proof that any crime was committed.

There was no court hearing.  No charges were read.  It wasn’t even the government of Cyprus who accused them of anything.
When HSBC got caught red-handed laundering funds for a Mexican drug cartel last year, the US government gave them a slap on the wrist. HSBC got off with a fine.
Yet when the US government merely makes an accusation that FBME could be laundering money, the bank gets taken over at gunpoint. [Read more...]

Silver Smash Preempts Regularly Scheduled Column

freefallI figured I might need to buy today.
I knew the month was running out and I knew “TPTB” in the paper markets were approaching something called an “options expiry.” 
This, I knew from repeated experience and observation,  is when prices must be driven down.  [Read more...]

Silver in the Aftermath of the Coming Paper Blood Bath

JP MorganDespite the persistence of the recovery meme, financial markets are more fragile to risk than ever before. On top of this, witness the slow creep of policy disguised as regulation.
It comes for the low hanging fruits. The final labors of society. 

They are coming for your pensions and retirement accounts.
What lies ahead is a paper blood bath. [Read more...]

Something Doesn’t Smell Right About This Recovery

I watched Margin Call the other night.   As the film wound down to a close, Jeremy Iron’s character (not sure if he was Blankfein or Dimon) explained to Sam, who thought it was wrong of them to sell the toxic mortgages to their clients,  that crises like this were normal.
That particular scene has led me to conclude that Margin Call was allowed to be made to explain to all the sheep that 2008 was normal, we will recover—just another crisis like the ones we have always weathered.
Is that our take-away from a good movie—that financial crises are normal and we should expect them? That we will always recover? More propaganda!
What Hollywood failed to mention in Margin Call was that the FEDs actions to create a recovery didn’t work this time.
[Read more...]

Marshall Swing: Buy Physical: $1 Quadrillion Derivatives Contagion to Begin in 1 Year!

I have been saying for a while now that worldwide economic collapse is soon to come to a country near you, a state near you, a city near you, and right up to your doorstep.
In all the financial world, no other than one Martin Armstrong gets it right.  The same Armstrong who analyses all data everywhere, all sectors, all history, throws it all into a computer data model and out pops the date/timeframe of 2015.75 – end of the 3rd Quarter, 2015.
This is a planned crash, folks.  Not a mere accident waiting to happen but a planned crash.  It will be done to subjugate the entire world into one economic system with full power given out by a dictator who knows best how to rule (in his eyes) the people and make slaves the whole world over…
I highly recommend the liquidation of all paper investments and that includes stocks, mutual funds, all retirement vehicles, etc and hold your dry powder for when silver dips below $19 again this Fall/Winter.
It is going to happen and when it goes below $19 I say buy, buy, buy physical and hold it.

[Read more...]

Revolving Door? Shocking, Just Shocking . . .

Source: Chip Somodevilla/Getty Images

Source: Chip Somodevilla/Getty Images

Some wise folks have repeatedly told us that regulatory enforcement at the highest levels is compromised because of the constant flow of high-ranking government officials from positions of governmental power into the lofty, highly-paid perches of private employers who were once the subjects of regulation by those same folks.  
Look at all the criminal actions brought by the SEC against all of the wrongdoers in the subprime mortgage fiasco?
Right, not a single case.  
Or wait, there are all those bankers who fraudulently issued fake paper, assignments, robosigned documents, all of it, to allow big banks to foreclose upon homeowners who defaulted upon their NINJA, option-arm, no doc loans, who are serving time after being prosecuted by the Department of Justice, right?  <sound of crickets . . .>

Well, there is MFing Global, and the Honorable Corzine, right, who stole a billion in customer accounts, and is rotting in jail?  Err, wait . . . [Read more...]

The Future is Smaller– That’s the Only Way This Works

History tells us that large governments almost invariably lead to waste, corruption, and overextension of power.   It’s the large governments that rattle the sabers and constantly threaten warfare.
It’s large governments that maintain police states, that spy on their citizens, and commandeer nearly every personal choice imaginable with regulatory agencies that tell us how to educate our children and what we can/cannot put in our own bodies.
As Kohr theorized, bigness often leads to tyranny.
If you look at the more financially successful nations today, i.e. those with solvent governments who do not indebt future generations to drop bombs by remote control drones, they’re nearly all small.
Hong Kong has some of the lowest tax rates in the world. And yet the local government is awash with so much cash that they frequently send tax refunds back to local residents.
Singapore is in a similar position; the city-state has zero net debt, a strong defense force, incredibly low tax rates… yet they still manage to funnel excess tax revenues back into the economy, often as tax breaks or business incentives.
The future is smaller- that’s the only way this works. 

[Read more...]

“Wrecking The Silver Monetary System”: Silver Suppressors Hiding In The Dark — PART 2

swingThe organization responsible for destroying the role of silver as money, is documented in this article.
This organization makes the Bilderbergs look like pikers.
If you think you know the true story of Silver, this article will surely DESTROY many myths and incorrect assumptions.
[Read more...]

Bo Polny Signs Off: Gold’s Summer High is In, Buy-of-a-Lifetime Next, Then Massive Spike to $2k!

Get_Ready_for_SummerThe May 14, 2014 forecast for a June 2014 Top, and now officially July 10, holds as a High for Gold.
A drop into a Final 2014 Summer Low and ‘Buy-of-a-Lifetime’ opportunity is still to come. 
At the Summer Cycle low expect NO new lows to be made and the 2013 lows will hold!

Read More:

The Austerity Diaries: How Long Can You Go Without Spending Money?

Can you go for an entire week without spending money?  [Read more...]

Putin’s Economic Advisor Warns WW3 Has Begun, States Russia Must Defeat US Nazism to Solve Ukranian Crisis!

bombshell willieIn a recent address, Sergei Glazyev, the  Economic Advisor to Russian President Putin warned that the US has begun another World War with their actions in the Ukraine, and stated that in order to solve the Ukraine conflict, Russia must defeat the heart or Nazism- the US. 

Kiev is clearly conducting a policy of genocide to eliminate the whole population of Donbass… They’re destroying hospitals, kindergartens, schools. The fate they’re preparing for the people of Donbass is serfdom… It is obvious that the United States is fully controlling the Kiev Nazis, Poroshenko personally, and the government, and is pushing them to pursue this war against Donbass to the very end… THIS IS A WAR BY THE UNITED STATES AGAINST US… So we have to understand that the key to resolving the catastrophe of Ukraine is to be found in Washington.
That’s where Nazism has to be defeated
.
.”

Glazyev’s full MUST WATCH address is below:  [Read more...]

Jim Willie: End of the U.S. Dollar Regime!

jim willieIn this MUST WATCH interview with Finance & Liberty’s Elijah Johnson, Jim Willie breaks down his explosive prediction that Germany is in the process of pivoting east to join the Russian/Chinese/ BRIC alliance, and abandoning the fiat US dollar currency regime.
Willie states that WE HAVE REACHED THE END OF THE US DOLLAR REGIME!
The dollar is going to be rejected on the global stage, and the majority of Americans won’t even know it!

Jim Willie’s full interview on the end of the Petro-Dollar Regime is below: 
[Read more...]

Congress Brings Socialism to America With This Proposed Law

socialism atlasIt’s time to wake up smell the reality. This isn’t about panic. It isn’t about doom and gloom. It’s about facts, not fear.
It’s unfolding right in front of our very eyes for anyone with the intellectual courage to pay attention.
In the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.
Socialism is literally on our doorstep with this new law proposed by Congress: 

[Read more...]

The Rot Within, Part I: Our Ponzi Economy

BubbleDepending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness. Yet that’s our Status Quo, increasingly dependent on inflating bubbles to evince “economic strength” when the Ponzi paint will soon peel off the rotten wood of the real economy.
All the conventional policy fixes proposed by Demopublican politicos, technocrats and the vast army of academic/think-tank apparatchiks are the equivalent of slapping a coat of paint on a fragile facade riddled with dryrot. 
All these fake-fixes share a few key characteristics: [Read more...]

Rick Rule: This Gold Sell-off is a Normal Event in this Market

Summer_SaleOn July 13, gold was still around $1,340 per ounce.   Since last Monday, gold has suffered a big drop, falling as low as $1,293 in a few days.   Many blame the decline on hawkish comments from the Fed’s Janet Yellen, who recently suggested the Fed could raise interest rates.  “Higher interest rates would encourage investors to switch to assets that, unlike gold, pay interest,” said the news service Reuters1.
Following Thursday’s news from the Ukraine, gold has rebounded from its low, but remains under $1,320 as of July 22.
Rick Rule, Chairman of Sprott US Holdings Inc., recently said gold could fall back another 10% as a normal event in this market.
I asked him whether last week’s step down had altered his views on gold for 2014:
[Read more...]