When scientists start using phrases such as “the worst drought” and “as bad as you can imagine” to describe what is going on in the western half of the country, you know that things are bad.  Thanks to an epic drought that never seems to end, we are witnessing the beginning of a water crisis that most people never even dreamed was possible in this day and age.  The state of California is getting ready to ban people from watering their lawns and washing their cars, but if this drought persists we will eventually see far more extreme water conservation measures than that.  And the fact that nearly half of all of the produce in America comes out of the state of California means that ultimately this drought is going to deeply affect all of us.  Food prices have already been rising at an alarming rate, and the longer this drought goes on the higher they will go.
Let us hope and pray that this drought is permanently broken at some point, because otherwise we could very well be entering an era of extreme water rationing, gigantic dust storms and crippling food prices.
The following are 20 signs that the epic drought in the western half of the United States is starting to become apocalyptic…

We are going to get a gold standard probably in 2016 after the world wide economic crash of 2015.
But, between the crash of late 2015 and the implementation of the gold standard, there is going to be civil disobedience on a scale never before seen in the history of man.
The preppers are going to get the thing they have feared most and have been preparing for many decades.

Brazen.
This is the first word that came to mind when I checked today’s silver prices.
Forcing the price of silver lower, when the price clearly wants to go higher and in a world where all the fundamentals (rising inflation, worsening economy, multiple wars or near wars) point to higher prices – or at least not plummeting prices – certainly meets the definition of “brazen.”
As a long-time observer of silver price charts, you know such waterfall chart shapes are coming, but a part of you still can’t believe they will happen.
Not in, you know, America, land of the free (markets).

MH176Malaysia Airlines has confirmed that plane “Kuala Lumpur -Amsterdam” went off the radar in Donetsk oblast, possibly shot down
View MH-17’s full real-time flight path and breaking photos as journalists converge on the horrific scene below.
*LIVE UPDATES

I can say that Putin’s plane and the Malaysian Boeing intersected at the same point and the same echelon. That was close to Warsaw on 330-m echelon at the height of 10,100 meters. The presidential jet was there at 16:21 Moscow time and the Malaysian aircraft – 15:44 Moscow time,” a source told the news agency on condition of anonymity.
“The contours of the aircrafts are similar, linear dimensions are also very similar, as for the coloring, at a quite remote distance they are almost identical“, the source added.

Meanwhile, the WSJ reports that US Intelligence detected a surface-to-air missile launch and tracked the explosion of the plane, confirming that MH-17 was in fact shot down

The missing variable in the great monetary equation is money velocity.
We hear it over and over again, “There is no money velocity.” And therefore, inflation cannot be a problem and is not.

Fixation on money velocity serves only in the aftermath. Those who constantly point out this measure as proof that inflation is not alive and well are misguided.
Confidence is much like bankruptcy – its loss happens slowly, then all at once.

Thanks to Edward Snowden, we now have proof about an incredible set of tools used by the British equivalent of the NSA, known as the GCHQ, or Government Communications Headquarters.
These tools will essentially confirm every single conspiracy theory you could have ever imagined when it comes to propaganda on the Internet.
It allows British intelligence officers to: “manipulate the results of online polls, artificially inflate pageview counts on web sites, ‘amplify’ sanctioned messages on YouTube, and censor video content judged to be ‘extremist.’”

Being the creative folks that they are, GCHQ even came up with code words to describe each “product.” These include, UNDERPASS (for poll manipulation), SILVERLORD (for censorship), GESTATOR (for the manipulation of YouTube views), PREDATORS FACE (for DDOS attacks), the list goes on…

Get_Ready_for_SummerRick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback.
Gold and silver had just delivered double-digit gains in a few months.   Sure enough, from mid-March until early June, the precious metals gave up much of their gains.
Since early June, resource stocks have surged higher once again.2 So the question on my mind was: Where is gold headed for the remainder of the year? Will this rally pull back?
Rick recently gave me his answer:

Jim SinclairGet your money out of JP Morgan.   I’ve already discussed why you should get your money out of Black Rock Funds.   Now its time to get your money out of JP Morgan.  Both of them are roach motels for your hard earned money.   Twin Hotels California.”

beach ball$50,000 dollar gold and all these other numbers that other people have thrown out, wouldn’t be all that crazy…
Maybe excess profit taxes come into play and since you don’t have paperwork for something you bought, the IRS might say “Oh, ok, your basis price is zero, and therefore, everything you’re selling it for has to be reported as 100% capital gains. Therefore, we are going to tax you at 50, 60, 70%” or Whatever you do that is excess profit taxes for all of these social misfits and terrorists that dare to try to hedge and protect themselves from a financial system that is teetering on the edge.
I have every expectation that we are going to have excess profit taxes (on precious metals).
 ~Eric Dubin

yellen-hopeYellen’s acting performance is strangely reminiscent of the most disingenuous crony billionaire operating in America today: Warren Buffet.
There is no single person who has fooled more people, more of the time than the hamburger eating, ice-cream cone licking, cherry coke slugging. “Uncle” Warren Buffet. 

During this week’s Senate Banking Committee’s hearing on Monetary Policy, Senator Elizabeth Warren torched the fraud Janet Yellen.
Full video is below: 

Screen Shot 2014-07-15 at 2.45.07 PMThe so-called “most transparent Administration in history” hasn’t declassified anything, including the 28 redacted pages of the Joint Intelligence Committee Inquiry (JICI) of 9/11 issued in late 2002 classified by George Bush, but that didn’t stop Rep. Thomas Massie, R-KY from reading them.
What he saw was so incredibly disturbing he called a press conference to talk about it.
This is what he had to say:

silver rallyAn upward trend is afoot in the silver space, says Sean Rakhimov, editor of SilversStrategies.com. Rakhimov believes that at $26/ounce the reversal of the downward trend in silver will be confirmed and silver investors should set their sights on the next resistance level—$32/ounce.
And if that threshold is breached, silver will test $50/ounce and more.
In this interview with The Gold Report, Rakhimov talks about a few silver miners that are well positioned to ride this trend perhaps several multiples higher.

“Who are these Pilgrims? I have since made a study of them. Their organization is one of immense power, and just now they hold our country in the hollow of their hands. They control the banks, they control the press and can sway public sentiment by means of their corrupt news services from one end of the country to the other. They are determined to force this country into war.”

If you live by the “sword” of debt based paper currencies, you can reasonably expect detrimental consequences as the purchasing power and confidence in those paper currencies gradually dies.
However, if you live based on the continuing value of gold and silver, you should experience a safer and more secure financial future.
The “sword” of derivative failure is largely irrelevant if you hold your assets in gold and silver.
The “sword” of currency devaluation will have little effect upon your precious metals investments and your savings.
 

paper goldIt wasn’t until 1661 that the first modern paper money was born.
Johan Wittmacher was a Latvian merchant of Dutch descent who had a burning idea he wanted to try; he just needed a willing country.  Wittmacher moved to Sweden and tried several times to obtain a banking license.
Finally, after promising a 50% profit share to King Charles X Gustav, his license for Stockholms Banco was approved in 1657.

On July 16, 1661, his bank became the first in history to issue paper banknotes– Kreditivsedlar.
After only seven years, the bank collapsed.   But the idea of paper notes lived on to infect the evolution of money ever since.
Our modern system entitles a central banking elite to conjure trillions of dollars, euros, yen, etc. out of thin air, creating massive financial distortions and enabling politicians to rack up epic debt levels.
Today’s commercial banks take in customer deposits, maintain a laughably small portion in reserve, and use the rest of our money to make idiotic loans for their maximum benefit.
So… happy birthday paper money. It’s a hell of a system you’ve brought us.

Today, 70 years after Bretton Woods, leaders from China, Russia, India, Brazil, South Africa, and several other nations are hard at work in Fortaleza, Brazil creating a new development bank that will compete against the US-controlled World Bank.
This is a major step in an obvious trend towards a new financial system. Every shred of objective data is SCREAMING for this to happen.
Within the next 2-3 years we’ll start seeing trade settlement in renminbi, even when none of the parties are in China.
Today, for example, a transaction between a Paraguayan merchant and a company in Angola will likely settle in US dollars.
Soon, I think we’ll start seeing that transaction done in renminbi.
And once that happens, you’ll know it’s game over for the dollar.

U.S. Domestic Gold Mine Supply JAN-APR 2014In the first four months of the year, the U.S. exported more gold to Hong Kong than it produced from its domestic mining industry.  Actually, gold shipments to Hong Kong were 29% higher than total mine supply from Jan-Apr.  That’s a pretty big deal when we consider U.S. gold production ranks third in the world.

gun forcedMeet EXACTO (Extreme Accuracy Tasked Ordnance)- DARPA’s new guided .50 caliber bullets. 
This is how DARPA itself describes the new “technology” via its YouTube channel:

DARPA’s Extreme Accuracy Tasked Ordnance (EXACTO) program recently conducted the first successful live-fire tests demonstrating in-flight guidance of .50-caliber bullets. This video shows EXACTO rounds maneuvering in flight to hit targets that are offset from where the sniper rifle is aimed. EXACTO’s specially designed ammunition and real-time optical guidance system help track and direct projectiles to their targets by compensating for weather, wind, target movement and other factors that could impede successful hits.

UntitledGold was smashed once again by the Comex bank cartel Tuesday morning as 45 tonnes of paper gold were dumped on the COMEX in 2 minutes.  
Once again Doug Casey looks like an idiot with his arrogant and presumptuous insistence that the gold market is not manipulated.
It would take an absolute idiot to not see manipulation here, especially given that there not any news or event triggers when gold was flash-crashed AND none of the other related securities markets (stocks, dollar, bonds, commodities) behaved with any degree of volatility when gold was hit: 

It’s been over a year since the banking system in Cyprus officially went bust. 
On Friday, March 15, 2013, practically everyone in the country went to bed thinking that everything was just fine.
Many had probably gone to the bank that very day to do business, or logged on to an Internet banking platform.
Yet the very next morning, they woke to a completely new reality: the nation’s banks were broke, and the government was in no position to rescue them.
All the promises they had been told about government guarantees and having a ‘well-regulated’, sound banking system turned out to be lies. 
The government proclaimed a bank holiday, and banks remained closed for the next several days.   Accounts were frozen and ATM withdrawals were limited to only 100 euros a day.
Eventually the plan materialized: substantial portions of deposits over 100,000 euros would be confiscated in exchange for equity in the banks.
There are two key lessons here:

The government really needs to get its message out to the American people, and it knows that the best way to do that is by using the American news media, said Shanker. The relationship between the government and the media is like a marriage; it is a dysfunctional marriage to be sure, but we stay together for the kids.
Pentagon correspondent for the NY Times, Thom Shanker

That right there is why this country is in such deep sh*t.