stormDoes the economy move in predictable waves, cycles or patterns?  There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States.
A Great Economic Storm is Rapidly Approaching.

Tan Nguyen was the lucky gambler who was stopped along I-80 in Humboldt County. Nguyen was stopped by Deputy Lee Dove for only going 3 miles per hour above the posted speed limit.
To establish the grounds for searching Nguyen’s vehicle, the deputy began to claim that he smelled drugs.
I just smelled weed. I know I did. I know I smelled weed,” said Dove in the dash-cam video available from KLAS-TV.
Deputy Dove is a skilled narcotics agent that knows that accusing someone of drug trafficking is all that is required to walk away with their money and property. The policy that enables him to do this is known as civil asset forfeiture. “How much money you got?” asks the deputy.

What stands out to me, are the words “began” and “just”. What is this so-called “skilled narcotics agent” talking about? When did he “begin” to “just” smell weed? Right before stopping at the doughnut shop or immediately after leaving? Can you say, bullsh*t?
What this establishes is the fact that you and I are wards of the state. We have no rights and the people that are suppose to represent the law are establishing themselves as being above the law. In case after case it is shown that motorists are like an ATM machine for the state.

NATO membersBack in 2008 the Ukraine had already expressed its plans for NATO membership at the NATO Bucharest Summit. Russian Foreign Minister Lavrov and other senior officials reiterated strong opposition at the time, stressing that Russia would view further NATO eastward expansion as a potential military threat. From Wikileaks (2008):

silver fixWill 2014 go down in history as the year that the silver manipulation ended?
First JPMorgan exited their commodities business, and today, the London Silver Market Fixing has announced that effective August 14th, 2014, The Company will cease issuing daily the silver fix permanently.

1. What will happen after 14 August 2014? Will the Silver Fixing cease to exist?
With effect from the close of business on 14 August 2014, the Company will cease to administer a Silver Fixing, and a daily Silver Fixing Price will no longer be published by the Company.

4. What happens after 14 August 2014 for market participants with contracts referencing the Silver Fix?

The Company is not in a position to comment on such matters, but market participants can speak to their contractual counterparties.

down goldIs the petrodollar monopoly about to be shattered?   When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States.
But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.
The fact that the Russian government has held a meeting to discuss “getting rid of the US dollar in Russian export operations” should be front page news on every mainstream news website in the United States.  That is how big this is.
If Russia starts asking for payment in currencies other than the U.S. dollar, that will essentially end the monopoly of the petrodollar.
Is Putin on the verge of dealing the US dollar a death blow? 

APDThere is something very, very wrong with the Albuquerque, New Mexico police department, and the citizens have just about had enough.  Before I get into the heart of this story, I need to provide you with a little background. The Albuquerque Police Department (APD) is well known for its outrageous and inappropriate use of violence.  So much so that it has been under investigation by the Department of Justice, which wrote a letter to the Mayor of Albuquerque on April 10, 2014 condemning the police force.

David MorganPhysical silver demand was UP big in 2013. Ironically, physical silver production in Canada has dropped significantly in 2014.
Meanwhile, long time precious metals uber villain Jeffrey Christian is out with the 2014 CPM Group Silver Yearbook [priced at $150!!] which once again distorts the FACTS in service of the longtime Bankster narrative that silver in PHYSICAL form is abundant, easy to mine and of little real value.
David Morgan from joins the SGTReport to dissect the SILVER LIES and LIARS.

gold crashSilver is a basket case in terms of paper prices and the emotions that come with it. Of course, the metal itself, (when held out of the system in personal position) does not do much at all. It is worthwhile to keep this in mind during the next inevitable illegally induced price move lower, and to check to see that your metal hasn’t “done much”.
While silver isn’t the only strategic metal, it is certainly special in its unusual supply and demand character compared with its depressed price.
For the most part, the metal remains far off the mainstream radar.
But make no mistake; the waves unleashed by a disorderly return to reality would wreak havoc on the Deep State.

vampire squid goldmanThis week Chinese Premier Li Keqiang visits four African nations: Ethiopia, Nigeria, Angola and Kenya, to boost ties with Africa where Chinese direct investments reached $25 billion in 2013, up 44 per cent from 2008, according to the BRICS post. Li will also meet African Union leaders in Addis Ababa, Ethiopia.
Chinese vice-minister for foreign affairs, Zhang Ming, told reporters in Beijing that about 60 agreements will be signed during Li’s trip which ”highlights the great importance we attach to China-Africa relations”.
Kenyan President Uhuru Kenyatta has said Li’s visit would be a “game changer” and the region requires “a strong partner who will not only support it in economic ventures but also in peace settlement”.
China continues to stretch its tentacles out all over the globe in its insatiable lust for resources. 



Last week, Yves Smith of Naked Capitalism penned a fantastic piece leveraging a talk by SEC official Drew Bowden. Mr. Bowden heads the SEC’s examinations unit, and at a private equity conference he explained that more than 50 percent of private equity firms it has audited have engaged in serious infractions of securities laws.
What is so incredible about the talk, is that while Bowden goes into details of shady practice after shady practice, he ultimately admits that the SEC isn’t being particularly aggressive with the private equity industry because we believe that most people in the industry are trying to do the right thing, to help their clients, to grow their business, and to provide for their owners and employees.”
Yes, go ahead and read that again
. The industry regulator is assuming that private equity firms are trying to do the right thing, despite the fact that audits demonstrated to a tune of greater than 50% the opposite to be true.

ChiltonIn a recent column, silver analyst Theodore Butler presented information that leaves him somewhat optimistic that the Government Accountability Office (GAO) is looking into the possibility that the silver markets might be rigged or manipulated.
In the column,  Butler labels as “phony” a prior “investigation” conducted by The Commodity Futures Trading Commission (CFTC).
According to Butler and the CFTC itself, this “investigation” lasted five years and included “7,000” man hours of work on the part of CFTC employees doing the investigating.
I too believe this alleged exercise in fact-finding was either bogus or clearly not worthy of the label of “investigation.”
As it turns out, I even have evidence to support my skepticism.

Indian goldMainstream economists appear to be almost obsessed with the idea that strength in the Dow will produce waterfall-sized selling in the GLD SPDR fund.
In contrast, my view is that most weak hands in that fund sold out in 2013. The total amount of gold held by the remaining SPDR investors is now only about 780 tonnes.
In the big picture of gold demand versus mine supply, the relatively small size of SPDR holdings are making them less relevant to overall gold price discovery. The liquidity being moved into SPDR and out of it, is slowly being swamped by liquidity flows in China and India. 

DosEquisbeerguyFailure to be able to see what’s coming in these perilous times will result in being left with nothing. 
So, buy physical my friends, whoever you are, if you are seeking to protect yourselves against the economic collapse just around the corner.  
I raised the buy flag last week.  I do not mean these are the lowest prices that will be seen, however, ANYTHING below $20 is a great bargain and the time is quickly coming when I will raise the buy flag to an alarm level because the collapse is about 1 year away.
Stay thirsty my friends” AND start building your dry powder (physical precious metals) from your paper investments cause they ain’t going to be around much longer

Two events currently suggest a possible shortage of physical silver in Shanghai.
The first; premiums for spot silver on the SGE have been rising significantly since March 17.
From the weekly Chinese SGE reports we can see Shanghai silver prices have reached a premium to international prices of 4 % (official SGE numbers as of 4/30).
If you compare the LBMA silver fix with the SGE closing price for Ag on May 9, the premium on silver in Shanghai has reached 5.3 %. 

Obama ChavezGlenn Greenwald (openly gay) was recently asked in an interview his thoughts on the 2016 elections:
Hillary is banal, corrupted, drained of vibrancy and passion. I mean, she’s been around forever, the Clinton circle. She’s a f**king hawk and like a neocon, practically. She’s surrounded by all these sleazy money types who are just corrupting everything everywhere. But she’s going to be the first female president, and women in America are going to be completely invested in her candidacy. Opposition to her is going to be depicted as misogynistic, like opposition to Obama has been depicted as racist. It’s going to be this completely symbolic messaging that’s going to overshadow the fact that she’ll do nothing but continue everything in pursuit of her own power. They’ll probably have a gay person after Hillary who’s just going to do the same thing.

stormThe elites are running out of time and options. They are not stupid by any stretch of imagination, but they know a losing hand when they see one.
The die is cast. The US dollar will die.  Much of the rest of the world will move on and recover.
The United States will not.
Its de facto government has misled The People for well over 100 years.  Few in the United States have any idea of what is to come.  Some will
be better prepared than most, and those who are better prepared are the owners of gold and silver.

BlytheBogus Official Numbers and Fed QE (et al) policies have artificially inflated Equities Prices – they are a “Mirage” as Carl Icahn says.
And they have greatly distorted other Markets’ Prices as well. Indeed, if one looks at the Real Numbers, one realizes the Economy is not recovering and is in fact weakening. And on that basis one can reasonably conclude the S&P is 65% overvalued.
But the foregoing Realities mean that Nasty Market Surprises (and thus Opportunities) Await Investors, and sooner rather than later.

stare bastards in the eye SinclairIt is a sign of the times that a 700-page book by an obscure French economist turns out to be a surprise best-seller. Thomas Piketty has been feted by heavyweight Nobel prize-winning economists, such as Paul Krugman, Robert Stiglitz and Robert Solow. These names give us a clue to his thesis, that capitalism is responsible for inequality and this must be corrected by governments through 80% marginal income tax on high earners and a global tax on wealth.

monthlysilverEveryone in the precious metals community is scratching their heads over the recent behavior of the price of silver.   At the end of the day, the severely depressed price level can only be attributed to the extreme degree of manipulation and price containment activities of the Federal Reserve and the U.S. Treasury’s Exchange Stabilization Fund team (which is officed in the same building as the NY Fed).
Besides containing the upward price movement of gold and silver in order to support its effort to prop up the dying U.S. dollar, the question is, why is silver being hammered like this with Comex futures?   Ultimately, I believe a severe shortage of unencumbered physical bars for delivery into India and Asia has developed.  More on this in the next few days.
In the meantime, you can see from the 20-yr graph of silver that silver is, by far, more oversold than at any time in the last 20 years:

JP Morgan Dimon MastersIn December 2012, I received a phone call from the Government Accountability Office (GAO), and that led to me providing documentation about the silver manipulation and the CFTC that led to a number of conference calls with the GAO. The GAO’s mission is to make sure that all federal agencies are conducting their missions appropriately.
I kept my contact with the GAO private so as not to jeopardize any action by the agency, although I must tell you that I was quite excited about the situation
. In time I was informed by the GAO that as the one government agency that reports directly to Congress that it needed to be directed by Congress to look into the matter. In May 2013, I sought to stimulate action by writing publicly about the matter and asking readers to write to their elected officials to urge the GAO to pursue the matter. A good number did just that.
Several months passed and, once again, I grew weary about any follow up by the GAO.  I had heard nothing and assumed the matter was dead.
As it turns out, I was dead wrong. 

depressionThe spike in business beginning on the 3rd of each month is truly astounding. By the 10th of the month the business begins to normalize and by the 22nd the ship is sinking. When there is a holiday in the month we experience a slightly different flow of business. Depending on the nature of the holiday and when it hits the calendar the flow of business changes accordingly.
There is always the spike from the 3rd through 7th as the pantry has run dry. But when the holiday rolls around people have saved their position in the soup line in order to “celebrate” the event appropriately. Remember, not only are the working people of this country putting food on the table, we are also funding items like, lottery tickets, cigarettes, alcohol and everything else that is non-food as a lot people are issued a “cash card” in addition to the ticket for the soup line (EBT card).
When you combine the number of people that receive their daily bread, from tax payer funds, with the number of people who work for government, I dare say it will be impossible to have an election that ever removes the corrupt from office. Who is going to vote against their pay check or the food on their table?
Sadly, it appears, the soup line is here to stay.

bitcoin silverVery, very big news just broke in the Bitcoin space. According to TechCrunch, Bitcoin payment processor Bitpay has just raised $30 million in what would be the largest single round of fundraising ever in the Bitcoin space