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...]

Death Blow to Tobacco Industry? Tobacco Giant to Pay $23bn Damages to Florida Smoker’s Widow

AFP Photo / Joe Raedle

A jury in Florida has awarded the widow of a chain smoker who died of lung cancer at the age of 36 punitive damages of $23 billion.  
RJ Reynolds, the second biggest tobacco company in the US, plans to challenge “this runaway verdict.”
The judgment is the largest in Florida’s history in a wrongful death lawsuit filed by a single plaintiff, said a spokesman for the widow’s lawyer, Chris Chesnut. [Read more...]

A Look Under the Hood: Threading the Needle of Price Discovery

hoodPrice discovery in all commodities is an electronic paper affair. While the macro-economy and the geopolitical provide a distant framework, they do not wield significant direct influence.
The “discovery issue” occurs across the board, but is nowhere more evident than in the precious metals futures markets and, most notably, silver.
A look under the hood at the most recent rally confirms that we are nowhere close to the point of return to equilibrium price.
[Read more...]

The Only REAL Hope to Save America

survive whats comingIf we gold and silver “stackers” are correct, very bad times are ahead for the global economy, developments that will almost certainly negatively impact the standard of living of virtually all people who live on our planet.
If our assumption about the future economy is correct, one obvious – and critical – question becomes paramount:
Is there any event – any reversal in government or economic policies – that might actually save the world from this expected period of grave hardship?
The answer, believe it or not, is “yes.”  

Silver Opium – The Eastern Revenge

silver barsThe banksters have understood and implemented their evil genius for well over 150 years.
They knew during the opium wars in the 1700 and 1800′s and they know today.   I believe the banksters are losing control of the current narrative, the same way they did during the opium wars, thus having to create real war to distract and steal unabated.
The narrative today is that Russia is the problem, Iran is the problem, the President of Syria is the problem, etc.. This is to distract from the real problem which is the USDollar, not only losing it’s world reserve currency status, but losing all it’s value due to the transfer of wealth through money printing by the Federal Reserve.
[Read more...]

Gold: If The Worst Is Over, What’s Next?

china goldAs the Western business cycle matures, inflationary pressures tend to rise. I’ve predicted that 2014 H2 (2nd half of 2014 calendar year) would see institutional money managers and Fed officials begin to talk about growing inflationary pressures. That’s starting to happen now.
The time to be heavily invested in the precious metals sector is not later. It’s now.

[Read more...]

New World Disorder: Emerging Division Between East And West Threatens To Plunge The Globe Into Chaos

In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity.  The opening up of relations with China and the “end of the Cold War” resulted in an extended period of cooperation between east and west that was truly unique in the annals of history.  But now things are shifting.  The civil war in Ukraine and the crash of MH17 have created an enormous amount of tension between the United States and Russia, and many analysts believe that relations between the two superpowers are now even worse than they were during the end of the Cold War era.

In addition, the indictment of five PLA officers for cyber espionage and sharp disagreements over China’s territorial claims in the South China Sea (among other issues) have caused U.S. relations with China to dip to their lowest point since at least 1989.
So could the emerging division between the east and the west ultimately plunge us into a period of global chaos?   [Read more...]

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Derivatives Armageddon: Yes, Gold & Silver Will Indeed Go to the Moon!

moonThe coming derivatives collapse is one of the primary reasons the price of gold (and silver) is going to the moon. Gold will start moving well in advance of this event but it will go parabolic once it becomes obvious to everyone.
Our derivatives Armageddon series continues with Part 2 below.
In this video we discuss some of the insanity that lies behind U.S. derivatives accounting rules and how they favor the banks at our expense: [Read more...]

False Flag Over Ukraine? These Videos Raise Compelling Questions

planeThe following videos raise many questions regarding MH17 that deserve further investigation.  
Was MH17 shot down over Ukraine as a false flag? 
The just emerged videos below raise compelling questions:  [Read more...]

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Ron Paul: What The Media Won’t Report About Malaysian Airlines Flight MH17

propagandaIt had to be Russia; it had to be Putin, they said.  President Obama held a press conference to claim – even before an investigation – that it was pro-Russian rebels in the region who were responsible.
His ambassador to the UN, Samantha Power, did the same at the UN Security Council – just one day after the crash!
While western media outlets rush to repeat government propaganda on the event, there are a few things they will not report.

[Read more...]

The Plan to Break California into 6 States – A Model for the Future?

The more one thinks about potential solutions to the gigantic mess we have found ourselves in as a species, the more one has come to believe we need to break apart into a vast multitude of city-states. The revolutionary concept of America in the first place was this idea of “self-governance,” something we do not posses an iota of in this day and age.
As was noted recently in an academic paper published by Princeton and Northwestern, these United States have mutated into nothing short of an oligarchy.
In fact, the study demonstrated that the will of the people has essentially zero impact on legislation whatsoever. 
The current overly centralized paradigm parasitically engulfing the planet will experience a series of spectacular collapses in the years ahead that will make 2008 look like practice.
As the centralized beast episodically implodes upon itself, we will have a historic chance to remake our world in a new way that will better serve humanity. That new paradigm will consist of freedom through decentralization. [Read more...]

Delusional IMF “Delighted” to be Marginalized by BRICS

The IMF was formed to be a critical component of the new dollar-dominated global financial system that was created after World War II.  The US has far and away the most voting power with a 17.69% share, so nothing really happens at the IMF unless Uncle Sam approves it.
This might have made sense back in the 1950s,  but things have changed.  Today, the US is barely the world’s largest economy.  It is far and away the world’s biggest debtor. And it constantly punishes the world with destructive monetary policy that weakens the entire system.
Nearly every other nation on the planet for YEARS has been pestering the IMF to catch up to reality.
Think about it– the combined GDPs of the Brazil, Russia, India, China (plus South Africa, known as BRICS nations) is more than the US and Europe combined.
They have 40% of the world’s population, at least 20% of its output, and on a net basis, almost none of its debt.
Yet they have almost no say over the financial system that rules them all.   It’s absurd.
They warned the US and Europe for years: “Reform, or we will create our own system to compete with you.”
Now they’ve followed through on their word.

[Read more...]