Nowhere to Hide: FBI to Launch Facial Recognition Database With Over 50 Million Photos by 2015 !

facial recognition big brotherThere is a disturbing push by the FBI to create an extensive facial recognition database, which will include criminal and non-criminal photos alike.  The FBI reportedly is pushing to have a facial recognition database with up to 52 million photos by 2015.
The program is called Next Generation Identification (NGI), and the aspect of it that should bother you the most is the fact that non-criminal and criminal photos will be combined in the same database. So someone who has no criminal record can suddenly be flagged as a suspect just because an algorithm says so. What’s worst, research shows that the potential for false positive identification increases as the dataset increases.
To see if your state is participating, take a look at this map courtesy of the EFF:

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Why Goldman Sachs Is Highly Motivated To Low-Ball The Price Of Gold

The distinguished analysts from Goldman Sachs have reiterated their 2014 forecast for gold to hit $1,050 by the end of the year.
Goldman has a serious motivation for throwing the paper price of gold under the bus.  You see… Goldman is by far the weakest and most vulnerable bank when it comes to its Assets to Derivatives ratio.  Not only does Goldman rank DEAD LAST compared to the other banks in this ratio, it does so with flying colors. [Read more...]

Top Silver Supply Figures & Forecasts Are Incorrect

SRS8Due to the tens of $trillions of liquidity the Fed and Central Banks threw into the financial markets, the 2009 Global Depression was averted.  This allowed BAU- Business As Usual to continue in the world and mining sector.
If the financial system collapsed along with the broader markets,  global silver production would have fallen considerably in the years following 2009Furthermore, easy money and low-interest rates allowed the world to extract and consume expensive low EROI oil that it really could not afford.
The end of this decade will be nothing like the beginning.
  The Financial Industry will come under the weight of peak oil.  Paper assets will lose value and investors will be forced to move into physical assets to protect their wealth.
Gold and Silver will offer a WAY OUT to the PAPER PONZI SCHEME.  Unfortunately, only a few will see the light before it’s too late.

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Bundy Ranch Shows Necessity of Improving Patriot and or Militia Communications

The US Federal Government has an incredible history of breaking codes and cracking encryption. They have an even greater ability to store an archive all communications, even if they’re seemingly unimportant, so they can analyze them later when suddenly they’re potentially important. They use massive data centers and wire taps supported by every major telecom and technology company in existence today.
Most people already know what I’ve stated thus far. I’m restating it to make a point in the context of modern events.
If you’ve been buried under a rock, I’m referring to the Bundy Ranch standoff. [Read more...]

How the CEO of HFT Firm Virtu Financial is Demanding a Taxpayer Bailout on NHL Investment

breakWhat the financial crisis, subsequent taxpayer bailouts, zero prosecutions of financial industry participants and further consolidation of the economy by oligarchs has taught us more than anything else is that the super rich and politically connected are not allowed to fail.  Apparently, this may also apply to the head of one of the largest firms in what is quickly becoming the most despised “industry” in the nation.
By now, pretty much everyone in America knows about Michael Lewis’ book Flash Boys, which exposes the high frequency trading (HFT) industry for the money-sucking parasite it is.  However, what will really get your blood boiling, particularly if you live in Florida, is how the CEO of one of the biggest players in the HFT space, Virtu Financial, is looking for taxpayers to bail-out his poorly performing investment in the Florida Panther NFL hockey franchise.
This takes having “some nerve” to a whole new level of absurdity.

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Gold Crash Anniversary Day

silver crashGold is holding up reasonably well, considering that Indian buyers are so focused on the election.
Generally speaking, this is the weak season for gold. Also, the April 12 – 15 period is when the gold market crashed in 2013. As we saw Tuesday, Nervous participants tend to be sellers around the anniversary of such events. [Read more...]

Jim Rickards: The Fed Built a 5 ft Sea Wall, & Here Comes a 40 ft Tsunami!

Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

The next crisis is going to be bigger than the Fed.   It is like they build a five foot sea wall and here comes a forty foot tsunami. There is only one clean balance sheet left in the world and that is the IMF. So the only way you are only going to reliquify the world in the next liquidity crisis is by the IMF printing their world money, these Special Drawing Rights or SDRs, and that is going to be the end of the dollar as a global reserve currency. 
The problem with the US is that the Treasury and the White House want a weak dollar.
I mean, what good does it do you when your own country wants to trash the currency? What happened to the strong dollar policy? It’s over now and we’re in the currency wars. That is going to lead to a collapse and ultimately we are going to see either gold or the SDRs the new store of value on a worldwide basis. 

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Gold And Silver – Be Prepared For A Weekend Surprise!

bank-holidayThe catalyst will not be how much gold China owns.  The catalyst will be the fall of the petrodollar Once that happens, checkmate elites.  Game over US.  Gold and silver, rise to your natural relationship between supply and demand, no longer being
artificially suppressed.
Watch out for weekend surprises.  When people least expect, and/or are in a position to least react, some kind of announcement could be made that devalues the fiat Federal Reserve Note
These are the reasons why we keep exhorting everyone to buy gold and silver.  Price is immaterial, having it is all that mattersHaving gold and/or silver is what will keep you financially viable when this country falls apart, and fall apart it will.  
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Edward Snowden Summarizes Complete NSA Revelations at PACE

snowdenEdward Snowden’s recent testimony at The Parliamentary Assembly of the Council of Europe (PACE) revealed a comprehensive summary of his NSA revelations to date.  
As we suspect you didn’t hear a great deal of this testimony on the nightly news, we present Snowden’s entire 30 minute speech in its entirety below:
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Ukrainian Crisis Triggered by US Deep State in Preparation for Revamp of International Monetary System!

Jim Willie goldOur analysis is that the Ukrainian crisis was triggered by the U.S. deep state in preparation for the introduction of the next reorganization of the international monetary and financial system.  This is to retain the EU in the area of U.S. domination.  
The only remaining choice for American decision-makers are the following, as they are standing with their back to the wall:

Puerto Rico’s Tax Benefits- ‘The Better Florida’

tax PRPuerto Rico promises to now do for Americans what Singapore and Hong Kong have done for bankers and businessmen from London. In this interview with The Gold Report, three experts with in-depth knowledge of the pros and cons of living and investing in Puerto Rico share what it is like on the ground for investors.  InternationalMan.com Senior Editor Nick Giambruno and Casey Research Chief Technology Investor and Puerto Rico resident Alex Daley join Sterne Agee’s Managing Director of Equity Research Todd Hagerman in clearing up some of the confusion about this “misunderstood” island and why the tax benefits for Americans make it “The Better Florida.” [Read more...]

Fed to the Sharks, Part 1: The Fed Takes Our Money, Gives It to Banks Who Loan It Back to Us at 16%

If the Fed is so powerful, why is it so cowardly and fearful that it has to cloak its theft of our money and its transfer of the wealth to the banks?
What’s it so afraid of?  That we might wake up to the fact that we’re being fed to the sharks, every day, one morsel at a time? [Read more...]

New Derivatives Rules Rescinded To Help Banks Make More Money

 

Source: Chip Somodevilla/Getty Images

Source: Chip Somodevilla/Getty Images

The rules originally established to help protect the system from bank greed and fraud connected to derivatives were just rescinded by the same Basel Committee that drafted the original blueprint – article link.  The original rules would have significantly curtailed the ability of banks to underwrite the derivatives they sell to pension funds and hedge funds. It would have required that the banks put up a lot more in reserve capital, which in turn would have forced the banks to charge a much higher premium – or cost to the buyers – for the derivatives it sells. Make no mistake about it, AIG and Goldman would not have blown up if both parties had been forced to properly reserve against their derivatives contracts.
Anyone who understands what is going on here and continues to keep their money inside the financial system is either extremely naive or tragically stupid.  Forewarned is forearmed.
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SGE Withdrawals Hit 585 MT YTD, Up 23% YOY!

saudi goldSGE withdrawals have been in a down trend for five weeks. In these weeks withdrawals have been lower than the year to date weekly average. This is not surprisingly after an unprecedented start in 2014.  During four of the first seven weeks of this year SGE withdrawals, which equal Chinese demand, transcended global mining production.
SGE withdrawals are still 23 % up compared to the same period last year. [Read more...]

Jim Willie: US On the Brink! (of Hyperinflation, Shortages, & Riots!)

silver precipiceFor the last 30 years we’ve been exporting price inflation.  Now we’re going to import 200% price inflation.  This is going to be a nightmare of price inflation and product shortages, you will have violence at the supermarkets, at the gas stations, and at the ATM machines- Martial law is a guarantee!

Jim Willie discusses the implications of Russia stopping trade via the dollar, and calls for HYPERINFLATION, SHORTAGES, & RIOTS to hit the US in his latest MUST LISTEN interview below: [Read more...]