tag:blogger.com,1999:blog-56657538728987335362024-03-14T07:56:48.114-07:00Jthom's World A captivating journey into the mind of a man passionate about social, economic and environmental justice. Explore my opinions, emotion and cold logic. Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.comBlogger72125tag:blogger.com,1999:blog-5665753872898733536.post-26960137107106680432013-05-08T10:41:00.002-07:002013-05-08T10:41:47.325-07:00CBC Gold & Central Bank Exposés<br />
<br />
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/7T_VxdLJdDU" width="560"></iframe><br />
<br />
And accompanying article: <a href="http://www.cbc.ca/news/world/story/2013/04/26/f-rfa-macdonald-power-shift-savers.html">http://www.cbc.ca/news/world/story/2013/04/26/f-rfa-macdonald-power-shift-savers.html</a><br />
<br />
<h2>
<a href="http://www.cbc.ca/doczone/episode/the-secret-world-of-gold.html#socialcomments">The Secret World of Gold</a></h2>
These two CBC presentations serve to expose what's really going on in the gold market, as well as the dictatorial powers that central bankers have taken in the last few years.<br /><br />Better late than never. Props to CBC for actually giving a damn about this. Let's hope Harper can't silence them.Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-46607940095620618782013-05-07T16:09:00.002-07:002013-05-07T18:04:34.768-07:00Canada 2013 Budget - Your Bank Loses, They Steal Your MoneyIf you don't care about this you're exactly what's wrong with society:<br />
<br />
(from page 144-145 of the 2013 Federal Budget plan, found here: <a href="http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf" rel="nofollow" target="_blank">http://www.budget.gc.ca/2013/<wbr></wbr><span class="word_break"></span>doc/plan/budget2013-eng.pdf</a>)<br />
<br />
<blockquote class="tr_bq">
<i><span style="font-size: x-small;">Establishing a Risk Management Framework for Domestic Systemically Important Banks</span></i><br />
<i><br /></i>
<br />
<div class="text_exposed_show">
<i><span style="font-size: x-small;"> Economic Action Plan 2013 will implement a comprehensive risk management framework for Canada’s systemically important banks.</span></i><br />
<i><br /></i>
<i><span style="font-size: x-small;"> Canada’s large banks are a source of strength for the Canadian economy.<br /> Our large banks have become increasingly successful in international<br /> markets, creating jobs at home.</span></i><br />
<i><br /></i>
<i><span style="font-size: x-small;"> The Government also recognizes the need to manage the risks associated<br /> with systemically important banks — those banks whose distress or failure<br /> could cause a disruption to the financial system and, in turn, negative impacts on the economy.</span></i><br />
<i><br /></i>
<i><span style="font-size: x-small;"> This requires strong prudential oversight and a robust set of<br /> options for resolving these institutions without the use of taxpayer funds, in<br /> the unlikely event that one becomes non-viable.</span></i><br />
<i><br /></i>
<i><span style="font-size: x-small;"> The Government intends to implement a comprehensive risk management<br /> framework for Canada’s systemically important banks. This framework will<br />
be consistent with reforms in other countries <b>[cough *CYPRUS* cough]</b>
and key international standards, such as the Financial Stability Board’s
Key Attributes of Effective Resolution Regimes for Financial
Institutions, and will work alongside the existing Canadian regulatory
capital regime.</span></i><br />
<i><br /></i>
<i><span style="font-size: x-small;"> The risk management framework will include the following elements:</span></i><br />
<i><br /></i>
<br />
<ul>
<li><i><span style="font-size: x-small;">
Systemically important banks will face a higher capital requirement, as
determined by the Superintendent of Financial Institutions.</span></i></li>
<li><i><span style="font-size: x-small;"> </span></i></li>
<li><i><span style="font-size: x-small;"> The
Government proposes to implement a "bail-in" regime for systemically
important banks. This regime will be designed to ensure that, in the
unlikely event that a systemically important bank depletes its capital,
the bank can be recapitalized and returned to viability through the very
rapid conversion of certain bank liabilities <b>[cough YOUR MONEY cough]</b>
into regulatory capital. This will reduce risks for taxpayers. The
Government will consult stakeholders on how best to implement a
bail-in regime in Canada. Implementation timelines will allow for a
smooth transition for affected<br /> institutions, investors and other market participants.</span></i></li>
<li><i><span style="font-size: x-small;"> </span></i></li>
<li><i><span style="font-size: x-small;"> Systemically important banks will continue to be subject to existing risk<br /> management requirements, including enhanced supervision and recovery and resolution plans.</span></i></li>
</ul>
<i><span style="font-size: x-small;"> This risk management framework will limit the unfair advantage that could<br /> be gained by Canada’s systemically important banks through the mistaken<br /> belief by investors and other market participants that these institutions are "too big to fail."</span></i></div>
</blockquote>
<br />
The long and short: <span data-ft="{"tn":"K"}" id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2]"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0.[0]">They
will steal our money when the banks gamble it away, just like they've
already done elsewhere (see: Greece, Cyprus, Ireland, Spain, Italy,
Portugal, soon to be France as their banks are insolvent... as are all
major banks globally - they have to be to compete). They now have a
framework in which they can do it.</span></span></span><span data-ft="{"tn":"K"}" id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2]"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0.[3]"> If this isn't tyranny then quite frankly tyranny doesn't exist, because I don't know what else could be a more blatant example.<br /><br />This is exactly what happened in Cyprus - and they didn't have a previous legal framework in which to do it. It was hastily thrown together by technocrats - the Troika - after the country was past the point of no return. I've been saying for a while it's coming here, and now the framework is there to allow them to do it whenever it does happen.<br /><br />Let's not forget 2008 when CIBC, BMO and Scotiabank were <a href="http://www.huffingtonpost.ca/2012/04/30/canada-bank-bailout-cost-ccpa_n_1464398.html">completely underwater</a> and required a stealth bailout (CIBC received more than 1.5 times the market value of the company in stealth bailout funds):</span></span></span><br />
<i><br /></i>
<br />
<blockquote class="tr_bq">
<i>“At some point during the crisis, three of Canada’s banks—CIBC, BMO,
and Scotiabank—were completely under water, with government support
exceeding the market value of the company,” CCPA Senior Economist David
Macdonald said in a press statement Monday. “Without government supports
to fall back on, Canadian banks would have been in serious trouble.”</i></blockquote>
<br />
<span data-ft="{"tn":"K"}" id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2]"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0"><span id=".reactRoot[86].[1][4][1]{comment4285887159257_3994066}.0.[1].[1].0.[1].0.[0].[0][2].0.[3]">It is quite amazing that Steven Harper has the audacity to include something like this in his budget. Then again, he's committing audacious and dictatorial acts since he took office in 2006. A supposed "conservative", he's successfully racked up the biggest deficits in Canadian history and has increased the national debt to a whopping $610 billion and counting (<a href="http://www.debtclock.ca/">http://www.debtclock.ca/</a>).<br /><br />And now I sink back into the shadows, biding my time until the proverbial shit hits the fan and the financial system goes down as they transition to the next financial/monetary paradigm of the world. My bet's on gold, silver and commodities, but only time will tell.</span></span></span>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-40483529751995551122013-03-20T12:09:00.000-07:002013-03-20T12:09:10.619-07:00KWN - Sinclair - The Next Danger After Putin Crushed IMF In CyprusToday legendary trader Jim Sinclair warned King World News that Putin’s decisive victory in Cyprus over the IMF has left the IMF one misstep away from destabilizing and creating massive bank runs throughout the entire Western world. Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had this to say in this extraordinary and exclusive KWN interview:<br /><br />Sinclair: “The concept that our financial leaders are in some sense geniuses that foresee the future and calculate every move based on their ability to divine what will be the result of their actions, is absolutely false. The IMF made a massive mistake here.<br /><br />The IMF has now put itself into a very difficult position. The IMF must now support Cyprus, even in the face of the rejection of the attempted confiscation of partial bank deposits, or let the Cyprus banking system seek its own solutions to its banking problems, which would be Russian Corporations, or Russia itself.<br /><br />If Russia was to save the Cyprus banking institutions, then, basically, a sovereign nation has trumped the IMF....<br /><br />Continue reading the Jim Sinclair interview <a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/20_Sinclair_-_The_Next_Danger_After_Putin_Crushes_IMF_In_Cyprus.html">here</a>...<br />Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-55134389556868261802013-03-10T15:44:00.002-07:002013-03-10T15:44:53.211-07:00Jim Rickards - Currency War Possibilities<iframe width="560" height="315" src="http://www.youtube.com/embed/0Mex6PxVjM0" frameborder="0" allowfullscreen></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-39478241781681451252013-02-14T07:40:00.002-08:002013-02-14T07:40:52.591-08:00Gold Demand Trends Q4 and full year 2012 - World Gold Council<iframe frameborder="0" height="379" scrolling="no" src="http://www.gold.org/video/buto/embed/2/kZ6fp/?website=www.gold.org" width="514"></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-65081733426796496022013-01-29T16:50:00.003-08:002013-01-29T16:50:34.778-08:00Gold Manipulation - GATA, Ted Truman And Gold … Another Stunning Revelation<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 17px;">Government officials past and present outright admit that gold and silver are being manipulated by the G-10 countries.<div>
<br /></div>
<div>
See article for more details.</div>
<div>
<a name='more'></a></div>
<div>
<br /></div>
</span><span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13px; line-height: 17px;"><blockquote class="tr_bq">
Thirteen years ago as assistant treasury secretary for international affairs, Truman denied in a letter to GATA that the Treasury Department was involved in manipulation of the gold market. But he did not volunteer any awareness of gold market manipulation from other sources.</blockquote>
<br />
<blockquote class="tr_bq">
Ironically, in his presentation to last month's investment conference, sponsored by the Bank for International Settlements and the World Bank and held in Washington –<br /><a href="http://www.bis.org/events/pic2012.pdf" style="color: #1e439a; text-decoration: none;" title="http://www.bis.org/events/pic2012.pdf">http://www.bis.org/events/pic2012.pdf</a></blockquote>
<br />
<blockquote class="tr_bq">
<a href="http://www.bis.org/events/pic2012.pdf" style="color: #1e439a; text-decoration: none;" title="http://www.bis.org/events/pic2012.pdf"></a>Truman, now a senior fellow at the Peterson Institute for International Economics, urged greater transparency for central banks and sovereign wealth funds and seemed to argue that they should not resist devaluation of the U.S. dollar. Truman cited the work of two colleagues at the Peterson institute who last week published a report blaming the U.S. trade deficit on currency manipulation by foreign central banks and advocating dollar devaluation:</blockquote>
</span><div>
<br /></div>
<a href="http://www.zerohedge.com/contributed/2013-01-01/record-gata-ted-truman-and-gold-%E2%80%A6-another-stunning-revelation">See full article here.</a>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-69003270759775606742013-01-24T19:33:00.001-08:002013-01-24T19:33:12.274-08:00A Night of Reflection, Ranting and Writing - Bye Bye Bond Market<h3>
I read an article today that inspired me to write a little opinion piece in regards to the bond markets and how they interact with interest rates. Perhaps this will enlighten some of those who don't fully understand the concept of bond purchases to keep interest rates lower. What of the correlation between bond yields and interest rates? Read on to find out...</h3>
<h3>
<br /><i>DISCLAIMER: These are my opinions and should not be interpreted as investment advice. Do your own research if you're intrigued by what you read, and make your own informed decision.</i></h3>
<br />
<a name='more'></a><br />Yields on bonds rise when people flock out of bonds as an investment. To cover the yields, the Fed is forced to raise interest rates. The inverse is true to keep interest rates low - more bond buying equates to lower interest rates because the interest required to pay out the low yields is far less.<br /><br />
<br />
In the event of a bond market collapse, this effect is exacerbated. Yields go sky-high, and the Fed must increase interest rates in order to keep money flowing in to cover the bond yields. This rise in interest rates would lead to a hyperinflationary effect.<br />
<br />
The reason for this is that, as interest rates rise, so, too, do the prices of assets and the overall cost of goods. In order for businesses and the average investor to cover their interest payments, they must increase their margins. As such, the macro-economic effect would be greater inflation - what is known as "hyperinflation" in economist jargon.<br />
<br />
The reason we aren't currently seeing the hyperinflation is because it is showing up in the bond market. This is due to open market operations - more commonly referred to as "Quantitative Easing" - taken on by the Federal Reserve. They are doing large-scale asset purchases of toxic securities and bonds to the tune of <b>$100 billion per month.</b><br />
<br />
What's scary is that we are roughly 40 basis points away from a flood of toxic derivatives flooding the markets. The levees of ZIRP (Zero Interest Rate Policy) are at capacity, and they're breaking at an accelerating rate.<br />
<br />
To put it in more simplistic terms, we are hanging on by 40 basis points - 0.4%. What this means is that if we see a decline in the value of the underlying asset base of companies and investors holding these unrealized, off-balance sheet securities (see "contingent liabilities" for a better understanding of this), the crash and credit freeze of 2008/2009 will look like a splash in the rapids that will engulf the global economy in the coming months and years.<br />
<br />
Rising interest rates and the resulting hyperinflation would make insolvent many major "market makers", nevermind the millions of lowly investors and depositors who will be devastated along the way. This would most certainly break the 0.4% threshold as asset values would tank while seeing a simultaneous spike in the value of goods and services.<br />
<br />
In 2008 the government stepped in to bail out the banks. That is no longer an option. Governments have no money left to bail out the system. They can't even get their own debt levels (<b>16.4 trillion and growing</b>) and rampant spending (<b>$1.2 trillion deficit spending</b> per year <b>minimum</b>) under control, let alone being able to inject capital into fatally-leveraged banks. JP Morgan Chase has roughly $90 trillion in liabilities - <b>6 times the GDP of the United States</b>, and <i><b>642 times their $140 billion book value.</b></i> I'll let that sink in...<br /><br />To hold government bonds at this point seems almost masochistic. Naturally, people look towards equities as an alternative - and an alluring one at that. Markets are riding around levels seen pre-2008, just prior to the shitstorm that was Lehman Brothers and the catastrophic domino effect that rippled across the globe. Indeed, markets are pushing towards all-time highs again. The bubble has re-inflated.<br /><br />The problem is that markets propped up by massive manipulation and fraud tend not to stay aloft. Sooner or later, the shadows swallow the light, the bubble pops, and everyone is left scratching their heads and scrounging for pennies. Keep in mind, I haven't even touched on unfunded pension liabilities (trillions of dollars), medicare/obamacare and medicaid (trillions more still), or the $1.3 trillion - and growing - student debt bubble.<br /><br />For some perspective, the sub-prime mortgage crisis tipped over at $1.3 trillion. So, the student debt bubble alone will dwarf that - nevermind an apocalyptic bond collapse of almost biblical proportions. Certainly, it will be something the likes of which we've never seen in humankind's history.<br />
<br />
For these reasons, among many other more positive ones, the real, intrinsic value of gold and silver are the only things I would bet my money on. Are there other options? Sure. Are they as risk-free as precious metals long-term? <b>Absolutely not.</b> I'll save the gold and silver spiel for another day, but I encourage you to do the research on your own. Don't take my word for it. Compile the data, weigh the odds, and choose what your gut and your heart tell you. Your brain will follow suit. It is so, after all, in the natural progression of things.<br />
<br />
Next up I'd like to write something on why a bond market collapse spells the death of the US petro-dollar as the global reserve currency - and why China is poised to dominate with a gold backed yuan. Stay tuned for that, coming soon.<br /><br />To close, I'll leave you with this these thoughts:<br />
<br />
<ul>
<li>India increased its import tax on gold ores and dore bars from 2% to 5% - 2.5 times - in order to curb the pressing demand for the yellow metal</li>
<li>Russia imported 958 metric tonnes of gold in 2012. As of January 1, 2012, they had only 883 tonnes in reserves.</li>
<li>The largest silver ETF in the world added $600 million worth of silver to its assets-under-management tally - the biggest addition ever</li>
</ul>
And lastly, the kicker:<br /><br />The assets of most central banks in the world are the paper currencies of other central banks (mostly US dollars). Eventually, they could simply start trading that paper for gold and other valuable commodities.<br /><br />Original article that inspired this: <a href="http://www.bloomberg.com/news/2013-01-22/bond-to-stock-shift-provokes-performance-anxiety-credit-markets.html">Bond-to-Stock Shift Provokes Performance Anxiety: Credit Markets</a>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-82044847443597653982013-01-18T16:18:00.001-08:002013-01-18T16:18:15.879-08:00KWN - Rosen - Expect Stunning $233 For Silver As It Begins To Soar <div class="paragraph_style_3" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-indent: 0px;">
<span class="Apple-style-span" style="font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: medium;"><span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); line-height: 22px;"><b><i>The peak of $21.44 after the first triangle was 3.93 times the triangle low of $5.455.</i></b></span></span></div>
<div class="paragraph_style_3" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); color: black; font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: 18px; font-style: italic; font-variant: normal; font-weight: 700; letter-spacing: 0px; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none;">
<br /></div>
<div class="paragraph_style_3" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); color: black; font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: 18px; font-style: italic; font-variant: normal; font-weight: 700; letter-spacing: 0px; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none;">
The peak of $49.82 after the second triangle was 5.93 times the triangle low of $8.40. </div>
<div class="paragraph_style_3" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); color: black; font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: 18px; font-style: italic; font-variant: normal; font-weight: 700; letter-spacing: 0px; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none;">
<br /></div>
<div class="paragraph_style_3" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); color: black; font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: 18px; font-style: italic; font-variant: normal; font-weight: 700; letter-spacing: 0px; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none;">
The third triangle had its breakout to the upside and appears to have completed its testing of that breakout level. If we use the Fibonacci progression that has followed each triangle, the next peak should be 8.93 times the third triangle low of $26.105. This would produce the next silver high of roughly $233....</div>
<a name='more'></a><br />
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<br /></div>
<div class="paragraph_style_3" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); color: black; font-family: Helvetica-BoldOblique, Helvetica, Arial, sans-serif; font-size: 18px; font-style: italic; font-variant: normal; font-weight: 700; letter-spacing: 0px; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; opacity: 1; padding-bottom: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none;">
<a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/18_Rosen_-_Expect_Stunning_%24233_For_Silver_As_It_Begins_To_Soar.html">Read full article here</a></div>
<div style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969);">
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Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-23933557260998078812013-01-17T10:32:00.000-08:002013-01-17T10:32:46.177-08:00Man DownThis is something I wrote to my mother in regards to an event that occurred recently at a Ford plant. one of her friends mentioned to her that she knew of people working in this plant,and they had delayed to her information that a worker had collapsed on the assembly line.<br />
<br />
Naturally, this man's coworkers rushed to his aid - who wouldn't, after all?<br />
<br />
This was a problem for the management, apparently. The workers were instructed to go nowhere near the man. Now, when situations like this arise, it is important to act quickly. Had one of the workers been trained in CPR and first aid, they may have been able to help; however, they never would have gotten the chance. The management demanded that the workers leave their fallen friend and continue work.<br />
<br />
This delayed the process until such a time that management could call an ambulance. Unfortunately, by then it was too late. The man died - whether in-transit to the hospital or at the hospital itself, I don't know. And, really, it doesn't matter where it happened; the important thing is simply that it happened.<br />
<a name='more'></a><br />
<br />
This was appalling to my mother, her friend and myself alike. The fact that something like this could happen and workers who are trying to help - and indeed, ascertain the extent and severity to which their coworker is incapacitated - would be shunned away by management, delaying treatment and notification of emergency services, is despicable.<br />
<br />
My mother wanted me to do a story on this and write up an article. I told her I didn't want to write something that I hadn't investigated 100%, because I would not be able to accurately account all events that transpired. Even if I could, a huge burden of proof would rest upon my shoulders - a burden that I was unwilling to take on.<br />
<br />
For your reading, I now post my response to my mother -one which I drafted but never sent, and just rediscovered on my tablet.<br />
<br />
Enjoy!<br />
<br />
<blockquote class="tr_bq">
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;"></span><br />
<div>
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;">That's exactly the point. Corporations see people as cash crops, not as human beings. They have outgrown government exponentially, and have since bought government through both bribery as well as intimidation. They are the only employment that is available in the private sector, without having capital to begin any sort of business venture. Hell, even if you had the capital for a startup you would almost immediately be put out of business because of strict regulations and astronomical operating costs to be able to even attempt to remain competitive. </span></div>
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;">
<div>
<br /></div>
<div>
Then, after sinking all available capital (plus the loans most people take out from racketeering banksters for additional available liquid money to keep the business afloat) the business fails, forcing the failed (and subsequently broke) owners to seek employment from the very same corporations that drive them out of business. </div>
<div>
<br /></div>
<div>
We have been forced, as a society, into two kinds of slavery:</div>
<div>
<br /></div>
<div>
Debt slavery through the governments racking up massive public sector debt by borrowing money from the private sector banks and giving handouts to monopolistic private corporations at the expense of the taxpayer. This is the more obvious kind, as it is getting worse as the economies spiral ever downward towards hyperinflation - one (but not the only) reason being negative real interest rates on investments and even simply holding currency, meaning that after inflation we are actually losing money on holding savings and money-market investments. This, in turn, causes prices to go up as bottom lines begin to be affected. This increases the rate of inflation, and the pattern repeats itself until we reach hyperinflation and subsequent systemic collapse.</div>
<div>
<br /></div>
<div>
The less obvious kind of slavery is our subservience in all aspects of life to the will of the corporations that care nothing about human life but rather their bottom line - to be as profitable as possible, and to beat out their competitors - collateral damage in the form of human suffering be damned. To be employed in this day and age by anyone other than yourself is to be slyly enslaved by your employer, regardless of what they give you in terms of compenstation. Nevermind the fact that, with the aforementioned negative interest rates, we are actually working for virtually nothing as our money is almost valueless and continually losing value. In order to continue to receive</div>
<div>
<br /></div>
<div>
If you aren't subservient to those corporations and willing to promote those interests over those of your fellow man then you find yourself quickly and hopelessly unemployed - and without any form of sustenance.</div>
<div>
<br /></div>
<div>
Then, consequently and consecutively, you also find yourself without any means of supporting yourself - ie. money - and are then destined to a life of poverty while those corporations and governments continue to perpetrate these crimes upon the rest of the populace.</div>
<div>
<br /></div>
<div>
Especially now, in this age of massive and rising unemployment, devaluing currency (even owning savings means you are losing money for the benefit of those at the top of the pyramid due to a fatal combination of inflation and deflating currency value, hence a drop in buying power), this begins to affect more and more people every day. This is why I continually speak to the fact that we have regressed socially to a society of feudalism and serfdom, rather than living in the supposed democracy that we think we have.</div>
<div>
<br /></div>
<div>
This is also why I see our society approaching - or even already in the process of - widespread systemic collapse. We are too far gone at this point and have remained docile for too long while they have stripped us of more and more basic human rights and dignities.</div>
<div>
<br /></div>
<div>
We also will reach a breaking point, as has happened throughout history when people are oppressed to this degree. Through this we will achieve social and personal evolution in coming to an understanding of how we got where we arrived, and not wanting to experience the horrors and hardships over again. Or, at least, that is the hope.</div>
<div>
<br /></div>
<div>
Here's hoping that we have learned from the bloody revolutions of the past that brought us temporary relief from overt oppression. Here's hoping that people have realized that violence breeds nothing more than further violence down the road. Here's hoping that peaceful revolution can be seen as the answer to our troubles; that people can control their [justified] anger and let cooler and more peaceful heads prevail.</div>
</span></blockquote>
Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-34930920964174540812013-01-14T22:07:00.003-08:002013-01-14T22:07:40.584-08:00Here's Hoping Jamie Loses His Jobbie<br />
JPMorgan Chase & Co. (JPM)’s board will consider releasing an internal report this week that faults Chief Executive Officer Jamie Dimon’s
oversight of a division that lost more than $6.2 billion on botched
trades, said two people with direct knowledge of the matter.<br />
<br />
The final report, which
builds on a preliminary analysis released in July, is critical of senior
managers including Dimon, 56, former Chief Financial Officer Doug
Braunstein, 51, and ex-Chief Investment Officer Ina Drew, 56, for
inadequately supervising traders in a U.K. unit that amassed an illiquid
position in credit derivatives last year, the people said.<br />
<br />
<a href="http://www.bloomberg.com/news/2013-01-12/jpmorgan-said-to-weigh-releasing-report-faulting-dimon-on-trades.html">Read full article...</a> Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-46466586928536783052013-01-10T11:00:00.003-08:002013-01-10T11:00:37.943-08:00U.S. May Default On Debt As Soon As February 15 - GoldCore BlogToday’s AM fix was USD 1,663.00, EUR 1,269.37 and GBP 1,036.65 per ounce.<span class="Apple-tab-span"></span><br />
<span class="Apple-tab-span"><br />
</span>Yesterday’s AM fix was USD 1,663.50, EUR 1,272.37 and GBP 1,035.35 per ounce.<br />
<br />
Silver is trading at $30.53/oz, €23.40/oz and £19.10/oz. Platinum is
trading at $1,613.50/oz, palladium at $693.00/oz and rhodium at
$1,150/oz.<br />
<a href="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart1_10-01-13.png"><img alt="" height="262" src="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart1_10-01-13.png" width="450" /><br />
<em><strong>Cross Currency Table – (Bloomberg)<br />
</strong></em></a><br />
Gold edged off $0.80 or 0.05% in New York yesterday and closed at
$1,657.40/oz. Silver climbed to $30.57 in Asia then slipped back to
$30.05 by late morning in New York, but it also rallied back higher in
afternoon trade and finished with a loss of just 0.07%.<br />
<br />
<a href="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart2_10-01-13.png"><img alt="" height="169" src="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart2_10-01-13.png" width="450" /><br />
<em><strong>Gold, 1 Month Chart – (Bloomberg)</strong></em></a><br />
<br />
President Barack Obama will nominate White House Chief of Staff Jack
Lew tomorrow as his choice for Treasury secretary, replacing Timothy F.
Geithner. Lew’s nomination as Treasury secretary is subject to Senate
confirmation.<br />
<br />
Gold inched higher on Thursday, as market watchers await a rate
decision by the European Central Bank at 12.45 GMT. European Bank Chief,
Mario Draghi’s news conference is at 1330 GMT.<br />
<br />
The Bank of England continued ultra loose monetary policies today
by keeping interest rates at 0.5% as concerns about persistently
high inflation trump signs of a renewed economic downturn.<br />
<br />
<a href="http://www.goldcore.com/goldcore_blog/us-may-default-debt-soon-february-15">Read the rest...</a>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-29461339551164113742013-01-09T19:17:00.006-08:002013-01-09T19:18:06.054-08:00Silver To Gain 29% in 2013 - And My Guess Is More...<a href="http://www.goldcore.com/goldcore_blog/silver-gain-29pc-2013-analysts-traders-and-investors">Silver To Gain 29% in 2013 - Analysts, Traders and Investors</a><br />
<div>
<br /></div>
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;"></span><br />
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;">Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce.</span><br />
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;">Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.</span></div>
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;">
</span>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;"><img alt="" height="250" src="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart1_20-12-12.png" style="border-bottom-style: none; border-bottom-width: 0px; border-color: initial; border-color: initial; border-left-style: none; border-left-width: 0px; border-right-style: none; border-right-width: 0px; border-style: initial; border-top-style: none; border-top-width: 0px; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" width="515" /></span></div>
<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-text-size-adjust: auto; font-family: Arial, Helvetica, sans-serif;">
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<em style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Cross Currency Table</strong></em><br />
Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.</div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<a href="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart2_20-12-12.png" style="color: black; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: underline;"><img alt="" height="195" src="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart2_20-12-12sm.png" style="border-bottom-style: none; border-bottom-width: 0px; border-color: initial; border-color: initial; border-left-style: none; border-left-width: 0px; border-right-style: none; border-right-width: 0px; border-style: initial; border-top-style: none; border-top-width: 0px; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" width="475" /></a></div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<em style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">GOLD SPOT $/OZ and 100, 200 and 465 Day SMAs– September 2011 To Today</strong></em><br />
Prices again crept gradually higher in Asian trading prior to some retrenchment in early European trading but dollar weakness was supporting gold and silver.</div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
Further weakness could be seen and it is worth noting that gold and silver saw considerable weakness last December (see chart above) and both bottomed near year end on December 29th prior to strong gains in January 2012.</div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
Support for silver is at $30.67/oz and $30/oz. Gold’s support is at $1,647/oz and below that at $1,600/oz.</div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
Silver will rise as much as 29% to $40.25/oz, from $31.10/oz today, in 2013.</div>
<div style="color: #333333; font-size: 12px; line-height: 1.6em; margin-bottom: 1em; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
This is based on the median estimate of 49 analysts, traders and investors compiled by Bloomberg.</div>
<div>
Read the rest from <a href="http://www.goldcore.com/goldcore_blog/silver-gain-29pc-2013-analysts-traders-and-investors">GoldCore Blog</a></div>
</span>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-57106646374693857772013-01-06T18:49:00.003-08:002013-01-06T18:49:52.741-08:00RT - "Collapse of UK debt-ridden social system only matter of time"Fantastic interview. Couldn't have said it better myself.<br />
<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/AljEp0XDRvc" width="560"></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-577778471448608552012-10-25T18:20:00.000-07:002012-10-25T18:59:18.839-07:00Daily Reading Material Compilation 8.0<span style="font-size: small;"><b>From within you will find<br />News, politics and financial crimes</b></span><br />
<span style="font-size: small;"><b>Absorb what you read<br />And take what you need</b></span><br />
<span style="font-size: small;"><b>In these rapidly changing times </b></span><br />
<a name='more'></a><br />
<span style="font-size: large;"><b>Europe</b></span><i><b> </b></i><br />
<br />
<i><b><a href="http://www.nytimes.com/2012/10/14/world/europe/dominique-strauss-kahn-says-lust-is-not-a-crime.html?pagewanted=2&_r=3&">Sex Life Was ‘Out of Step,’ Strauss-Kahn Says, but Not Illegal</a></b></i><br />
Ahh, the world in which the elites live. Nude sex parties. The scary thing is that this doesn't only happen between consenting adults. The shady underworld of perversion in which the elite of the world live is shocking. These types of things are all too common. It's one thing when it involves consenting adults - which is fine in my opinion, albeit questionable practice for someone of a political position in which such a thing can be used for blackmail or extortionate purposes.<br />
<br />
What is really despicable and perverted is when these types of things come up involving people in positions of power abuse the power and violate children. We saw it in the middle and upper levels of the catholic church for the past 30+ years, and we've also heard whisperings of the ongoings on the island of Jersey - thanks to Leah McGrath Goodman, it was brought into a somewhat more public arena. You can read a bit about the abuse, torture and murder committed against children of the orphanage <a href="http://www.dailymail.co.uk/news/article-523706/I-known-Jersey-paedophiles-15-years-says-award-winning-journalist.html">Haut de la Garenne</a> in Goodman's article <b><a href="http://leahmcgrathgoodman.com/2012/09/11/freejersey-a-small-island-fights-for-its-democracy/"><i>#FreeJersey: A Small Island Fights For Its Democracy</i></a></b><br />
<br />
<b><i><a href="http://rt.com/news/spain-students-protest-austerity-654/">Cutting deep: Thousands of angry students take to the streets across Spain</a></i></b><br />
Thousands of Spanish students took to the streets all across the country. Thousands were out in Madrid, as well as Barcelona, Valencia, and many other cities across the country. The hardships of the people are becoming more evident as protests are an almost daily occurrence by now.<i><b> </b></i>These people have nothing left, and we're one more round of austerity away from full-blown riots and revolution. I personally hope it comes not so the people will suffer more, but rather so this can come to an end - as this won't stop until it boils over<br />
<br />
<i><b><a href="http://rt.com/news/spain-ban-photos-police-794/">Police protection or citizen censorship? Spain to ban photos and videos of cops</a></b></i><br />
In other news, Spanish politicians are drafting legislation to make it illegal to post videos and images of police officers - violating basic freedoms in the process. It will be punishable to disseminate any form of images of police officers via social media or other ways on the internet.<br />
<br />
Yet another step towards bloody revolt. Now people can't even film the abuses of the authoritarian/technocratic regime that runs the country and their police lackeys without fear of being persecuted. Time ticks on...<br />
<br />
<i><b><a href="http://rt.com/news/spain-education-cuts-march-752/">Thousands of Spanish students march for third day against cuts</a></b></i><br />
Students
in Spain took to the streets for a third day in a row to protest
massive cuts - so far to the tune of $6.5 billion (€4.9 billion), since
2010 - to education. In addition to cutting funding pretty much across
the entire educational spectrum, from scholarships to food allowances,
the Spanish government has also sharply raised tuition rates, making it
virtually impossible for students to stand any chance of continuing to
pay for their education, or even enter University in the first place.
The woes of the Spanish continue... My heart goes out to those suffering
in Europe right now, and indeed around the rest of the world.<br />
<br />
<b><i><a href="http://www.testosteronepit.com/home/2012/10/12/spains-unfinished-transition-from-dictatorship-to-democracy.html">Spain’s Unfinished Transition From Dictatorship To Democracy</a></i></b><br />
Great article, and <i><b>very</b></i> eye opening as to what is really going on behind the scenes in Spain - and in particular in regards to the political system. It would seem the judicial system has been co-opted by the political parties. The author beautifully explains the problems stemming from an incomplete transition from the times of the 1970s when Spain was still run by <a href="http://en.wikipedia.org/wiki/Francisco_Franco#Franco.27s_death_and_funeral">dictator Francisco Franco</a>. The "Corporate Administration" has seemingly infiltrated the "Democratic Administration" (read article for definitions) and taken a stranglehold over the country, rendering the courts useless, and consequently using it to their advantage in thieving money from the public.<br />
<br />
<i><b><a href="http://rt.com/news/athens-greece-police-clash-706/">Petrol bombs vs teargas: Thousands across Greece protest austerity measure </a></b></i><br />
Greek erupted into violence yesterday as 40,000 people took to the streets of Athens to protest austerity. Police were bombarded with molotov cocktails, and police and protesters clashed on a few occasions. This is what happens when you take everything from the people - they start to fight back. They tried it civilly through protest, but obviously that failed. Now they're resorting to violence. While I don't necessarily agree with the tactic, I can see the need for it in this particular instance - and I most certainly don't expect the majority of people to remain peaceful when they lose their livelihood. I don't blame them for the violence, although I do wish there was a different way to achieve their goals.<br />
<br />
It would seem to me that the problem is the division of the people within the country itself as to how to go about change. If hundreds of thousands - or millions - were to unite and demand ousting of the current government and all opposition parties as well it would be far more effective than scattered protests of tens of thousands. Let's hope they realize this, as any freedom achieved through violent means is destined not to last forever.<br />
<br />
<i><b><a href="http://theautomaticearth.com/Finance/what-happens-when-the-core-starts-to-rot.html">What Happens When The Core Starts To Rot</a></b></i><br />
Another beautifully-composed piece by the infamous Ilgari. This encapsulates the sentiment behind all the other things posted in this little section on Europe I've put together for today, and is the perfect way to cap off this section. Read, and enjoy.<br />
<br />
<b><span style="font-size: large;">US</span></b><br />
<br />
<a href="http://azizonomics.com/2012/10/18/the-latest-bubble/"> <i><b>The Latest Bubble? </b></i></a><br />
Are we really going to repeat the mistakes of the past? Haven't we learned enough from the first time these garbage mortgage-backed securities blew up and tanked the economy? Apparently not - the MBS market is nearing all-time highs with the Fed pumping billions into these particular "assets" on a monthly (and endless) basis.<br />
<br />
<a href="http://rt.com/usa/news/us-cyber-iran-banks-731/"><b><i>Cyberwar speeds up: US blames Iran for renewed attacks on American banks</i></b></a><br />
Cyberwars have been going on for a few years now - and, indeed, one can assume that cyber espionage has been happening since the internet became a staple of our society. The US is claiming they are victims who are going to be forced to retaliate for the purposes of "national security" - the same old rhetoric the US uses to justify force when none is truly justified.<br />
<br />
Who started the cyberwars? Who began upping the ante? Why, wouldn't you know it... the United States! Gasp! Awe! Shock!<b><i><br /></i></b>I'm personally pretty thrilled to see these banks being attacked by foreign entities. I sincerely hope it continues, and they manage to disrupt the systems on a regular enough basis to create mayhem. It could very well prove to be a catalyst to imminent (and necessary) systemic collapse.<br />
<br />
<a href="http://rt.com/usa/news/us-guantanamo-hearing-mohammed-678/"><b><i>US more of a killer than hijackers - accused 9/11 plotter</i></b></a><br />
The judge in the trial refused to allow any talk in regards to the regular torture that is perpetrated by the US government on its detainees. Human rights violations fall by the wayside, and the despicable US government acts with complete impunity - at least for now. It's only a matter of time before someone stands up to them in a far more significant way than 9/11.<br />
<br />
Of course it sucks that 3000 people lost their lives - but it was used to justify the murder of over 1,000,000 innocent Iraqis and Afghanis. They (the US government) make me sick.<br />
<br />
<i><b><a href="http://www.greenewave.com/what-is-the-real-inflation-rate/">What Is The Real Inflation Rate?</a></b></i><br />
I'm going to be brutally honest and say that I didn't even realize that inflation didn't take into account food prices or energy prices until I saw a preview of Max Keiser's latest Keiser Report. I assumed that something so significant would automatically be included in the "core" CPI numbers. Alas, this isn't the case. While the BLS includes food and energy costs in various CPI calculations, it doesn't include food and energy in its "core" CPI calculations - which means that the numbers economists and the Fed use for inflation aren't actually representative of true inflation rates you achieve when you include food (roughly 10% of income on average) and energy (roughly 10-15% of income on average).<br />
<br />
Now that I know I'd just like to say: <b>THIS IS ABSOLUTELY ABSURD (and a complete diversion tactic on the part of the powers that be - yet again).</b> These are the two factors that most heavily influence everyday life of pretty much everyone. I guess we know what they say about assuming...<br />
<br />
For those interested, <a href="http://www.shadowstats.com/alternate_data/inflation-charts">here</a> is a chart of the old (accurate) methods used to calculate CPI, versus the new methods. Alternatively, you can look at the BLS <a href="http://www.bls.gov/news.release/cpi.t01.htm">All Items CPI for All Urban Consumers (CPI-U)</a> numbers to determine the cost of inflation when accounting for food and energy. Mind boggling.<br />
<br />
<i><b><a href="http://www.zerohedge.com/news/2012-10-07/gallup-goes-town-bls-massagery">Gallup Goes To Town On BLS Massagery</a></b></i><br />
Fantastic proposition for alternative data to use as a true indicator of employment - Payroll to Population. Not that the BLS will listen or change their methods, mind you. Gallup presents some staggering numbers and highlights the enormous bias and distortion that results from the BLS' current methods of calculating unemployment.<br />
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<i><b><a href="http://www.testosteronepit.com/home/2012/10/11/fear-mongering-and-hysteria-about-the-fiscal-cliff.html">Fear Mongering And Hysteria About The Fiscal Cliff</a></b></i><br />
Yet another sound article with astute observations from Wolf Richter. The fiscal cliff will cause a recession - but continuing the same way the US is going will cause an even bigger recession and depression anyways, not to mention metaphorically (and at times literally) blowing up the system.<br />
<br />
It would probably be better to let the fiscal cliff hit, take the short-term pain and look towards a brighter future and new way of thinking - similar to what Greece should have done from the beginning with their Euro debt.<br />
<br />
<span style="font-size: large;"><b>Canada</b></span><br />
<br />
<i><b><a href="http://www.cbc.ca/news/technology/quirks-quarks-blog/2012/10/canada-wins-dodo-award.html">Canada wins Dodo Award</a></b></i><br />
Canada wins the Dodo Award for allowing - the government may or may not have been aware of what was happening - dumping of massive quantities (100 tonnes) of iron-rich materials into the waters of the coast of British Columbia. This happened in spite of a moratorium on ocean fertilization and geo-engineering.<br />
<br />
The perpetrators were a private company called the Haida Salmon Restoration Corp. They say it was meant to raise nutrient levels off-shore in hopes of spurring growth in the salmon population (among others); however, the potential detrimental effects vastly outweigh the potential benefits, thus the moratorium. What they did was in complete violation of provincial and federal law, yet nothing has happened as of yet to those who committed the crime. Read more in this article <a href="http://www.cbc.ca/news/canada/british-columbia/story/2012/10/15/bc-iron-sulfate-dumping-haida-gwaii.html">here</a>.<br />
<br />
<i><b><a href="http://www.canada.com/business/Spouses+ministers+hold+portfolios+publicly+traded+securities/7424354/story.html">Spouses of ministers hold portfolios of publicly-traded securities</a></b></i><br />
The cabinet of the Prime Minister is barred from being able to hold portfolios containing publicly traded securities for fear of conflict of interest - and rightly so, as who wants top government officials owning investment in the very companies they are designated to regulate?<br />
<br />
Unfortunately, it seems a bit of an oversight that while those high-ranking government officials (the Prime Minister, the Minister of Finance, etc.) can't hold the investments themselves, their spouses have no regulations whatsoever in terms of what they can invest in. Essentially, the government officials are able to make investments in the name of their spouses using both their money and their spouse's money in publicly traded companies they are regulating. What a crock.<br />
<br />
<i><b><a href="http://www.lfpress.com/2012/10/18/you-paid-for-it-but-werent-invited">You paid for it, but weren’t invited </a></b></i><br />
I found this rather humorous. This is
the mayor of my home city - formerly a conservative MP for the Northern
part of the city. He paid for his son's wedding using a government check
for $1700, and then a subsequent payment of $18,900 to cover the
remaining balance. The RCMP is <a href="http://news.nationalpost.com/2012/10/19/rcmp-asked-to-probe-if-former-liberal-mp-used-public-money-on-sons-wedding-reception/">currently looking into the matter</a>.<br />
<br />
It goes to show that it doesn't matter at what level of government you look, there is corruption and theft from the taxpayers.<br />
<br />
<i><b><a href="http://www.crtc.gc.ca/eng/com100/2012/r121018.htm"> CRTC denies BCE’s bid to acquire Astral </a></b></i><br />
The CRTC denied a bid from media mega giant BCE (Bell) to acquire Astral Media. This would have made them essentially into having a monopoly in Canadian media. Good for the regulators - regulators who, for once, aren't asleep at the wheel.<br />
<br />
If only financial sector regulators were so apt...<br />
<br />
<span style="font-size: large;"><b>Bank Criminality</b></span><br />
<br />
<i><b><a href="http://rowans-blog.blogspot.co.uk/2012/10/why-we-should-have-absolutely-no.html"> Why we should have absolutely no sympathy for bankers whatsoever, and why they should be bashed regularly. </a></b></i><br />
Wow. This man, Rowan Bosworth-Davies, makes some of the most astute observations about the current banking climate in London (and the rest of the world as well) that I've ever heard. From every corner of the banking sector there is a putrid, rotting stench of corruption and criminality. This man used to be a detective with Scotland Yard and is now a financial crime consultant. He knows his stuff.<br />
<br />
This blog entry by him is truly riveting, and details the "Arrogance, Ignorance and Greed" of the banks and those who run them - the executives, and, more importantly, the Compliance Officers and Reporting Officers who are supposed to be keeping them honest. I mused about this a while back, and I'll share it with you now:<br />
<blockquote class="tr_bq">
<i><b>How can you have a compliance officer on the company payroll being the one in charge of ensuring no fraud is committed? If the compliance officer's bonus comes from the same place where the fraud is being perpetrated (ie. he/she is paid by the banks) why would anyone believe the compliance officer wouldn't look the other way? THE MORE THEY BREAK THE LAW THE HIGHER HIS YEAR-END BONUS!</b></i></blockquote>
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<span style="font-size: large;"><b><span style="font-size: large;">Other</span></b></span><br />
<b></b><br />
<b><i><a href="http://maxkeiser.com/2012/10/17/banzai7-news-terror-update/">BANZAI7 NEWS: TERROR UPDATE</a></i></b><br />
Hilarious! For those who don't know, this is a spoof of a real news story in which the NYPD and FBI arrested a man who was supposedly planning to bomb the NY Federal Reserve. Read more about the real story <a href="http://rt.com/usa/news/fbi-federal-reserve-york-674/">here</a>.<br />
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<span style="font-size: large;"><b>Videos</b></span><br />
<br />
This video is in regards to the corruption in the NYPD (and, indeed, endemic throughout most police forces around the globe) and their insanely controversial "stop and frisk" program.<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="360" src="http://www.youtube.com/embed/7rWtDMPaRD8" width="640"></iframe>
This 17-year-old kid recorded the harassment he received from the NYPD, and the racial profiling that occurs all-too-frequently in these types of situations.<br />
<br />
Here, RT's Abby Martin discusses how Jon Stewart's Daily Show is the main source of news for millions of Americans - and yet when Barack Obama appears (this being his 6th appearance, if I recall correctly) on the program, Stewart does nothing to actually press the issues.<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="480" src="http://www.youtube.com/embed/C_uNHf7E-Zk" width="640"></iframe>
I do wonder if perhaps it is a condition for Obama appearing on the show that Stewart may not press hot-button (important) issues, or call attention to the dismal record Obama has in his time in the White House. My guess is yes.<br />
<br />
And finally, here is an interview RT did with Iceland's Foreign Minister about why Iceland did so well through the global financial crisis and after their own economic ruination, as well as how their economy and country is doing now (HINT: AMAZINGLY WELL!)<br />
<br />
One last thing I'll add is that it is quite ridiculous that he's speaking to the nobility of the Eurozone, the EU, the IMF and the Euro. Perhaps he's just speaking this way to avoid getting whacked? Perhaps not. Either way, ridiculous to think that the Euro will do anything other than implode. Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-19284271982613379102012-10-15T22:24:00.001-07:002012-10-16T21:55:40.438-07:00Daily Reading Material Compilation 7.0<i><b><span style="font-size: small;"><span style="font-size: small;">Hel<span style="font-size: small;">lo again to all my friends, I'm glad you came to rea<span style="font-size: small;">d.</span></span></span></span></b></i><br />
<i><b><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">If <span style="font-size: small;">current even<span style="font-size: small;">ts you seek<span style="font-size: small;">,</span></span></span></span></span></span></span></span></b></i><br />
<i><b><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Then take a peek,</span></span></span></span></span></span></span></span></b></i><br />
<span style="font-size: small;"><b><i><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">To find just what you need<span style="font-size: small;">.</span></span></span></span></span></span></span></span></span></i></b></span><br />
<span style="font-size: small;"><b><i><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">You<span style="font-size: small;">'ll open your eyes,</span></span></span></span></span></span></span></span></span></span></span></i></b></span><br />
<span style="font-size: small;"><b><i><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">You'll laugh, you'll <span style="font-size: small;">cry</span></span></span></span></span></span></span></span></span></span></span></span></span></i></b></span><br />
<span style="font-size: small;"><b><i><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">And <span style="font-size: small;">boggle at <span style="font-size: small;">corporate<span style="font-size: small;"> greed</span></span></span></span> </span></span> </span></span></span></span></span></span></span></span></span></span></span></i></b></span><br />
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<a name='more'></a><br />
<span style="font-size: small;"><b><span style="font-size: large;"><i>US and Europe</i></span> </b></span><br />
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<span style="font-size: small;"><b><a href="http://azizonomics.com/2012/10/13/the-problem-with-centralisation/">The Problem With Centralisation</a></b> </span><br />
<span style="font-size: small;">Can't get enough of Azizonomics. Always insightful, and while I sometimes disagree, I can't get enough of the comments - and how interactive he is with readers. For the record, I agree with this particular article. Centralization is the enemy here. Also, the article that he quoted is <a href="http://www.foreignpolicy.com/articles/2012/10/08/epiphanies_from_nassim_nicholas_taleb">worth a read</a> as well - as are the <a href="http://www.amazon.com/Nassim-Nicholas-Taleb/e/B000APVZ7W">books by the author</a>. See his Black Swan theory <a href="http://en.wikipedia.org/wiki/Black_swan_theory">here</a>.</span><br />
<br />
<span style="font-size: small;"><b><a href="http://www.zerohedge.com/news/2012-10-13/german-self-immolates-front-german-reichstag">German Self-Immolates In Front Of Reichstag</a></b><br />Nobel peace prize my <span style="font-size: small;">backside.<span style="font-size: small;"> A<span style="font-size: small;">nother form <span style="font-size: small;">of protest by self-immolation<span style="font-size: small;"> (<span style="font-size: small;">prece<span style="font-size: small;">ed<span style="font-size: small;">ed by<span style="font-size: small;"> the<span style="font-size: small;"> man stabbing himself in the chest before<span style="font-size: small;"> <span style="font-size: small;">lighting <span style="font-size: small;">up)<span style="font-size: small;"> <span style="font-size: small;">comes not from the heart of<span style="font-size: small;"> cris<span style="font-size: small;">is-stricken Greece<span style="font-size: small;"> or Spain<span style="font-size: small;">, but<span style="font-size: small;"> ra<span style="font-size: small;">ther fr<span style="font-size: small;">om the<span style="font-size: small;"> Eurozo<span style="font-size: small;">ne<span style="font-size: small;">'s<span style="font-size: small;"> <span style="font-size: small;">most economically sound member<span style="font-size: small;"> - Germany</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<blockquote class="tr_bq">
<i><span style="font-size: x-small;">"A political motive of his act precluded the police. In the
32-year-old a suicide note was found. The reason for the suicide lies in
the personal area, it said.</span></i></blockquote>
<blockquote>
<i><span style="font-size: x-small;"><b>Shortly before the time of the crime around 500 supporters of wind
energy lobby between the Chancellery and the Reichstag building had been
demonstrating</b>."</span></i></blockquote>
<span style="font-size: small;">So I'm supposed to buy that a man self-immolated in front of the historic heart of German politics for reasons lying within the "personal area"? While I'm at it, I'll go grab some Facebook stock... I've got a good feeling about those guys!</span><br />
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<br />
<span style="font-size: small;"><b><a href="http://rt.com/usa/news/koch-brothers-obama-vote-501/">Koch brothers threaten to fire employees if Obama wins</a></b> </span><br />
<span style="font-size: small;">Democracy at its finest. The title speaks for itself, folks. The oligarchs are drawing their lines in the sand.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><b><a href="http://www.theatlantic.com/business/archive/2012/09/us-income-inequality-its-worse-today-than-it-was-in-1774/262537/">U.S. Income Inequality: It's Worse Today Than It Was in 1774</a></b> </span><br />
<span style="font-size: small;">This is just shocking. Not surprising, but rather emotionally
jarring. Income distribution today is worse than it was in 1774. <b>This
means that income distribution today has the top 1, 5 and 10%
respectively controlling more wealth overall versus the lower classes
during times of SLAVERY.</b>And the sheeple still want to argue that we aren't debt slaves? Really?</span><br />
<br />
<blockquote class="twitter-tweet tw-align-center">
Dramatic photo of a German bank in <a href="https://twitter.com/search/%23Spain">#Spain</a> after anti-austerity protests today: <a href="http://t.co/qjiGoUs5" title="http://twitter.com/OCongress/status/257263589432385536/photo/1">twitter.com/OCongress/stat…</a><br />
— Occupy Congress (@OCongress) <a data-datetime="2012-10-13T23:36:34+00:00" href="https://twitter.com/OCongress/status/257263589432385536">October 13, 2012</a></blockquote>
<script charset="utf-8" src="//platform.twitter.com/widgets.js"></script>
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<span style="font-size: small;"><br /><span style="font-size: large;"><i><b>S<span style="font-size: large;">ilver and Gold</span></b></i></span></span><br />
<span style="font-size: small;"><span style="font-size: large;"><i><b><span style="font-size: large;"> </span></b><span style="font-size: small;"><br /></span></i></span></span><br />
<span style="font-size: small;"><b><a href="http://www.silverdoctors.com/massive-comex-silver-withdrawal-on-friday/">MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS!</a></b><span class="userContent"> </span></span><br />
<span style="font-size: small;"><span class="userContent">17% of Brinks' total registered silver inventory was withdrawn Friday, Oct. 12, 2012. That is <b>3.6 million ounces</b> of silver.</span></span><br />
<blockquote class="tr_bq">
<span class="userContent" style="font-size: x-small;"><i>"</i></span><span style="font-size: x-small;"><i>There were two deposits on the same day. 456,057 ounces was
deposited into the JP Morgan warehouse and 1,176,937 ounces went into
the Scotia Mocatta vaults."</i></span></blockquote>
<span style="font-size: small;">Their house of cards is coming down - and they're trying to cover their shorts. Oh, my. Hello $50/oz silver!</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><b><a href="http://www.silverdoctors.com/physical-shortage-169-metric-tonnes-of-silver-sent-from-us-to-london-in-one-month/">Physical Shortage? 169 Metric Tonnes of Silver Sent from US to London in ONE MONTH!!</a></b> </span><br />
<span style="font-size: small;"><span style="font-size: small;">1</span>69 metric tonnes (that's 1000kg per metric tonne, for those who aren't aware) - meaning 5,900,000 oz (give or take) - were transferred to the UK in July of this year alone. The monthly average to the UK (and a few other countries) is roughly 30,000-35,000kg (30-35 metric tonnes) per month.</span><br />
<blockquote class="tr_bq">
<span style="font-size: x-small;"><i>"...of the total 587 metric tonnes of silver bullion exported between Jan-July of 2012, 169 metric tonnes or <b>29% of the total silver exports took place in one month… and to one country…. U.K.</b>"</i></span></blockquote>
<span style="font-size: small;"><b><a href="http://www.goldcore.com/goldcore_blog/gold-and-silver-capped-until-after-us-election">Gold And Silver Capped Until After U.S. Election? </a></b> </span><br />
<span style="font-size: small;">Update number one that I will post from GoldCore Blog. If you haven't added this blog to your reading list each time it is upgraded, I recommend doing so. It's always fantastic and paints a beautiful picture of the current trends and market environment for both Gold and Silver.<span style="font-size: small;"><b> As<span style="font-size: small;"> always, read the articles linked at the bottom of this <span style="font-size: small;">b<span style="font-size: small;">log entry<span style="font-size: small;"> for more <span style="font-size: small;">insight.<br /><br /><a href="http://www.goldcore.com/goldcore_blog/gold-and-silver-fall-open-asia-october-correction-continues">Gold And Silver Fall On Open In Asia As October Correction Continues</a></span></span></span></span></span></b></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Update number two from GoldCore<span style="font-size: small;">, <span style="font-size: small;">this one from ye<span style="font-size: small;">sterday (Oct 15<span style="font-size: small;">,<span style="font-size: small;"> 2012)<span style="font-size: small;">.<span style="font-size: small;"> <span style="font-size: small;">Gold<span style="font-size: small;"> and silver are both <span style="font-size: small;">going through expected correctiona<span style="font-size: small;">l periods <span style="font-size: small;">before continuing their trends upwards <span style="font-size: small;">in No<span style="font-size: small;">vember <span style="font-size: small;">and through next year.<span style="font-size: small;"> <span style="font-size: small;">Buy the di<span style="font-size: small;">p, <span style="font-size: small;">fo<span style="font-size: small;">lks! <span style="font-size: small;">You<span style="font-size: small;">'ll kick yourself down the r<span style="font-size: small;">oad if you don<span style="font-size: small;">'t<span style="font-size: small;">!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><b><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"> </span></span></span></span></span></b><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><br /></span></span></span></span></span></span></span><br />
<br />
<a href="http://www.silverdoctors.com/wynter-benton-group-states-will-demonstrate-ability-to-move-silver-beginning-1016/"><span style="font-size: small;"><b>Wynter Benton Group States Will Demonstrate Ability to Move Silver Beginning 10/16</b></span></a><br />
<span style="font-size: small;"><span style="font-size: small;">The <span style="font-size: small;">mysterious Wynter-Benton <span style="font-size: small;">group<span style="font-size: small;"><span style="font-size: small;"> - supposedly a grou<span style="font-size: small;">p of <span style="font-size: small;">ex-JP<span style="font-size: small;">Morgan commodities traders<span style="font-size: small;"> out to<span style="font-size: small;"> take down Blythe <span style="font-size: small;">Ma<span style="font-size: small;">sters<span style="font-size: small;"> -</span></span></span></span></span></span></span></span></span> claims they will be <span style="font-size: small;">huge contributors i<span style="font-size: small;">n taking the price <span style="font-size: small;">of <span style="font-size: small;">silver to <span style="font-size: small;">above $<span style="font-size: small;">50/oz<span style="font-size: small;"> by <span style="font-size: small;">Dec<span style="font-size: small;">. <span style="font-size: small;">31, 2012<span style="font-size: small;">, and that on Tuesday, October 1<span style="font-size: small;">6<span style="font-size: small;"> they will demonstrate their ability<span style="font-size: small;"> to move the price of silv<span style="font-size: small;">er like<span style="font-size: small;"> no one would believe<span style="font-size: small;">. We'll see if they deliver this time!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><b><a href="http://www.economist.com/node/21564566">Precious relic - Gold remains popular, despite the doubts of economists</a></b> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">I disagree s<span style="font-size: small;">ome<span style="font-size: small;">what </span></span>with the s<span style="font-size: small;">entiment expressed that <span style="font-size: small;">"banks are sh<span style="font-size: small;">rinking their balance sheets"<span style="font-size: small;">. Not only are they expanding them c<span style="font-size: small;">onsistently</span> <span style="font-size: small;">through free money given to them by the Fed<span style="font-size: small;"> which they are using to<span style="font-size: small;"> trade<span style="font-size: small;"> in the deriva<span style="font-size: small;">tives market</span></span></span>, but t</span></span><span style="font-size: small;">his seems to c<span style="font-size: small;">ompletely disregard the <span style="font-size: small;">half-on<span style="font-size: small;"> half-off</span> balance <span style="font-size: small;">sheet <span style="font-size: small;">exposures the banks have, as well.<span style="font-size: small;"> Their balance s<span style="font-size: small;">heets may<span style="font-size: small;"> seem to be shrink<span style="font-size: small;">ing <span style="font-size: small;">in some ways as they move to<span style="font-size: small;"> delever t<span style="font-size: small;">hemselves</span> and stop lending</span>, but <span style="font-size: small;">behind the scenes the derivatives market is growing <span style="font-size: small;">larger by the day.<span style="font-size: small;"> $1 <span style="font-size: small;">quadrillion and <span style="font-size: small;">count<span style="font-size: small;">ing.<br /><br />Aside from that, a decent arti<span style="font-size: small;">cle about the sentiment behind <span style="font-size: small;">gold. I'<span style="font-size: small;">d like to see what th<span style="font-size: small;">is<span style="font-size: small;"> contributor has to say about <span style="font-size: small;">silver<span style="font-size: small;">.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<br />
<span style="font-size: small;"><b><a href="http://www.silverseek.com/article/silver%E2%80%99s-october-correction-6951">Silver’s October Correction</a></b></span><br />
<span style="font-size: small;">A great look at the consolidation and correctionary period silver currently finds itself in during the month of October. This was not at all unexpected, and I'm personally using the drops to stack silver in looking forward to moves to the upside next month and into next year. Great breakdowns of silver and mention on its intrinsic value and increasing industrial demand.</span><br />
<br />
<i><span style="font-size: small;"><span style="font-size: large;"><b>Canada-Specific</b></span></span></i><br />
<span style="font-size: small;"><b><br /><a href="http://www.cbc.ca/news/business/story/2012/10/09/imf-canada-outlook.html?cmp=rss">IMF warns about Canadian housing market, debt levels</a></b></span><br />
<span style="font-size: small;">The IMF warn<span style="font-size: small;">s</span> about the precarious state in which the Canadian housing market finds itself, as well as the incredible exposure Canadians have in terms of household debt levels. <br /><br />People are quickly going to find out that when they say "We're not too bad in Canada" that's only because we're catching up to the rest of the world - particularly, the US. We find ourselves now in the same situation the US housing market was in in 2005-2006, just before the sub-prime market collapse and caused a spasm felt around the world - and led us to the global economic crisis we face today.<br /><a href="http://www.blogger.com/goog_237550123"><b><br /></b></a></span><br />
<span style="font-size: small;"><a href="http://www.huffingtonpost.ca/2012/04/30/canada-bank-bailout-cost-ccpa_n_1464398.html"> <b>Canada Bank Bailout Cost $114 Billion At Peak, CCPA Says</b></a></span><br />
<span style="font-size: small;">For those who have no idea, I figured I would share this article. While it is quite old by now, I'm <span style="font-size: small;">always </span>shocked to hear that most people have no idea as to the fact that the Canadian government gave a stealth bailout to the big 5 banks. People think the Canadian banking system is relatively sound; however, if you investigate even slightly you find that they are just as leveraged as the US banks, if not <span style="font-size: small;">more so</span>.<br /><br />Indeed, at the height of the economic crisis 3 of Canada's biggest banks - BMO, CIBC and Scotiabank - were <b>completely underwater</b> - that is to say, they still exist today only because of the discreet and barely-publicized bailout of the banks to the tune of $114 billion out of the pockets of the Canadian taxpayer. CIBC in particular received <b>1.5 times their market value - $20 billion.</b> The government literally could have bought the bank outright, but instead decided to allow the banks to soak up billions in taxpayer money.</span><br />
<span style="font-size: small;"><a href="http://www.blogger.com/goog_1377351612"><br /></a><span style="font-size: small;"><b><a href="http://www.ctvnews.ca/politics/ontario-premier-dalton-mcguinty-stepping-down-1.996892"> Ontario Premier Dalton McGuinty stepping down</a></b> </span></span><br />
<span style="font-size: small;"><span style="font-size: small;">Dalton McGuinty, premier of Ontario<span style="font-size: small;">,<span style="font-size: small;"> resi<span style="font-size: small;">gns <span style="font-size: small;">suddenly<span style="font-size: small;"> and unexpectedly. <span style="font-size: small;">He would have lost the next election either way, so <span style="font-size: small;">it would seem he's gett<span style="font-size: small;">ing out while he's still<span style="font-size: small;"> ahead. OK, maybe not ahead... but before things deterior<span style="font-size: small;">ate for his <span style="font-size: small;">incompetent Liberal party further.<span style="font-size: small;"> See <span style="font-size: small;">a transc<span style="font-size: small;">ript of the <span style="font-size: small;">full speech <a href="http://www.thestar.com/news/canada/politics/article/1271934--dalton-mcguinty-s-resignation-speech">here</a>.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><br /></span>
<i><span style="font-size: large;"><b>Videos</b></span></i><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">First, here's one about the astonishingly high levels of birth defects in Fallujah, Iraq and other areas where <a href="http://en.wikipedia.org/wiki/Depleted_uranium">depleted uranium bullets</a> were used during the Iraq war.</span>
<span style="font-size: small;"><br /><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/3fvV2Lx36WU" width="420"></iframe></span>
<span style="font-size: small;"> </span><br />
<span style="font-size: small;">Yet another example of US psychological and environmental warfare and their gross human rights violations in exposing these people to excessive amounts of radiation.<br /><br />Next up, a video from demonstrations in Italy.<span style="font-size: small;"> <span style="font-size: small;"> </span></span></span><br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/cz4tOp1MHPc" width="560"></iframe>
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Boy, Europe sure deserve<span style="font-size: small;">d that Nobel Peace Prize<span style="font-size: small;">, huh?<span style="font-size: small;"> They've really created a <span style="font-size: small;">uto<span style="font-size: small;">pic and peaceful<span style="font-size: small;"> living situation in that country...</span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"></span><br /></span></span></span></span></span></span></span></span></span>
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">And here's a video of Angela Merkel<span style="font-size: small;"> being booed f<span style="font-size: small;">or 14 m<span style="font-size: small;">inutes straight <span style="font-size: small;">while giving a<span style="font-size: small;"> speech in Stuttgart<span style="font-size: small;">, German<span style="font-size: small;">y<span style="font-size: small;">:</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/-Tp-AspPvmg" width="420"></iframe>
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Here<span style="font-size: small;">'s <span style="font-size: small;">the original link I found from <span style="font-size: small;"><a href="http://www.zerohedge.com/news/2012-10-13/after-starting-riots-greece-merkel-booed-germany-next">zerohedge</a><span style="font-size: small;">.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><br /></span></span></span></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">And <span style="font-size: small;">for our last video</span></span> I'l<span style="font-size: small;">l leave you with a wonderful little<span style="font-size: small;"> rap news video <span style="font-size: small;">that came out a few days ago<span style="font-size: small;">.<span style="font-size: small;"> <span style="font-size: small;">No <span style="font-size: small;">more comment on this<span style="font-size: small;">, just watch and en<span style="font-size: small;">joy:</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/WpMPu5p_QXU" width="560"></iframe>
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Finally, I'd like to cap off <span style="font-size: small;">with<span style="font-size: small;"> something I posted on <span style="font-size: small;">Facebook<span style="font-size: small;"> <span style="font-size: small;">yeste<span style="font-size: small;">rda<span style="font-size: small;">y<span style="font-size: small;">. <span style="font-size: small;">See you <span style="font-size: small;">next time around<span style="font-size: small;">! <span style="font-size: small;">Stay alert, stay sa<span style="font-size: small;">fe, and <span style="font-size: small;">above all stay positive<span style="font-size: small;">!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<blockquote class="tr_bq">
<i><span class="userContent">"I don't particularly care about the usual. If
you want to get an idea of a friend's temperament, ethics, and personal
elegance, you need to look at him under the tests of severe
circumstances, not under the regular rosy glow of daily life. Can you
assess the danger a criminal poses by examining only what he does on an
ordinary day? Can we understand health without considering wild diseases
and ep</span>idemics? Indeed the normal is
often irrelevant. Almost everything in social life is produced by rare
but consequential shocks and jumps; all the while almost everything
studied about social life focuses on the "normal," particularly with
"bell curve" methods of inference that tell you close to nothing. Why?
Because the bell curve ignores large deviations, cannot handle them, yet
makes us confident that we have tamed uncertainty..."</i><br />
<div class="text_exposed_show">
<i> -Nassim Nicholas Taleb<br /><br />
This. 1000 times this. The usual; the normal; the everyday is only the
in-between. It is the inconsequential between sporadic spurts of wildly
unpredictable and hugely consequential events. The moments that change
the course of the "normal" are never foreseen, yet people look back on
them and determine that, in hindsight, it was probable based on a number
of factors that were previously overlooked. Yet, the only reason the
factors were overlooked in the first place is because of the incredibly
low probability (or complete lack of theoretical foresight) of the
events occurring in everyday life.</i> <i><br /><br /> Ahhhh... Meditation on this is just sublime.</i> </div>
</blockquote>
Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-62463536788999447052012-10-14T08:29:00.004-07:002012-10-16T21:20:28.917-07:00Daily Reading Material Compilation 6.0<span style="font-size: small;">Let's start off the day with some US Treasury Bill news! The past few days have seen bond auctions taking place on 3-year, 10-year and 30-year US Treasuries. Three-year and 10-year bonds saw a strong showing, with $32 billion sold for three-year bonds and $21 billion for 10-year bonds</span><br />
<br />
<span style="font-size: small;"><a href="http://online.wsj.com/article/BT-CO-20121010-709890.html">U.S. Treasury Prices Jump After Strong 10-Year Note Sale </a> <br /><br /><span style="font-size: small;">Investors took 1.7<span style="font-size: small;">0% yield<span style="font-size: small;"> on the 10-year bonds<span style="font-size: small;">.<span style="font-size: small;"> </span></span></span></span></span>This is seen as a good thing<span style="font-size: small;">?<span style="font-size: small;"> <span style="font-size: small;">The investors<span style="font-size: small;"> willingly took a pathetic yield<span style="font-size: small;"> - although I s<span style="font-size: small;">uppose that comparatively<span style="font-size: small;">, it's <span style="font-size: small;">higher than <span style="font-size: small;">the <span style="font-size: small;">past few years<span style="font-size: small;"> have<span style="font-size: small;"> allowed for.<span style="font-size: small;"> Still, <span style="font-size: small;">terrible yields and <span style="font-size: small;">risk of <span style="font-size: small;">losing money if<span style="font-size: small;"> interest rates rise<span style="font-size: small;"> (admittedly not very likely<span style="font-size: small;">)</span> - p<span style="font-size: small;">lus <span style="font-size: small;">more people are flocking to bonds and o<span style="font-size: small;">ut of equi<span style="font-size: small;">ty mark<span style="font-size: small;">ets<span style="font-size: small;"> due to <span style="font-size: small;">hugely increased volatility.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /><br /><span style="font-size: small;">Then ther<span style="font-size: small;">e's the whole US debt <span style="font-size: small;">cris<span style="font-size: small;">is thing...</span></span></span></span></span> </span><br />
<a name='more'></a><span style="font-size: small;">In a nervous investment environment people still see bonds as the place to store their money for safety's sake. This, of course, is in spite of the fact that Moody's is set to cut the US debt rating next year.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://www.bloomberg.com/news/2012-10-09/u-s-downgrade-seen-as-upgrade-as-u-s-debt-dissolved.html">U.S. Downgrade Seen as Upgrade as U.S. Debt Dissolved</a> </span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">Moody's is looking at following in the footsteps of S&P and Egan-Jones Rating Co., who dropped their US debt rating last year to AA+ (S&P, Aug. 5, 2011), and AA- (Egan-Jones, 3 times since July 2011). The US's $1.2 trillion "fiscal cliff" looms ever-so-steep - now more than ever. Perhaps investors will, at this point, start rethinking their position on US government debt and instead begin to see the added luster (as if it were needed) of precious metals.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">As a side note, so many of the statistics in this article are way off-base, especially according to the IMF:</span><br />
<span style="font-size: small;"><a href="http://www.blogger.com/goog_854098880"><br /></a></span>
<span style="font-size: small;"><a href="http://www.bloomberg.com/news/2012-10-08/imf-sees-alarmingly-high-risk-of-deeper-global-slump.html"> IMF Sees ‘Alarmingly High’ Risk of Deeper Global Slump</a><br /><br />The world is not in good shape economically - especially considering most of the world is in deep recession. Particularly of note is the contraction of the UK economy, which shrank 0.4% in Q2 of this year. While it saw a bounce-back in the Q3, it seems to be momentary, as projections for the coming quarters have the UK slipping back into recession. </span><br />
<br />
<span style="font-size: small;">Also of note, Spanish and Italian bonds dropped after the ECB's bond-buying plan was announced. Oliver Blanchard, IMF Chief Economist said it was possible for the bonds to rebound if the countries didn't request a bailout, but rumors and inside sources have led everyone to believe that another round of bailouts is all but inevitable at this point. Spanish PM Mariano Rajoy maintains that they will not request another bailout; however, the virtual black hole in their budget - with banks requiring a whopping €72 billion of injected capital to stay afloat - coupled with their history of propping up the banksters at all costs (can they really stop this far down the line?) speaks volumes to the contrary.<br /><br />Finally, one must also wonder, after so many revisions towards the downside in the past few months from analysts in various major institutions and international bodies, just how many more revisions are in store in the coming months. Can we really trust the numbers to continue on the same trend? After all, econometric models tend to fail to account for variance in human behaviour. We oft forget this in modern-day economics, as Mr Aziz aptly points out in this superb - and brief - opinion piece, <a href="http://azizonomics.com/2012/10/10/the-mathematicization-of-economics/">The Mathematicization of Economics</a></span><br />
<span style="font-size: small;"><br /><span style="font-size: small;"><b>On to Europe...</b></span></span><br />
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<span style="font-size: small;"><a href="http://www.testosteronepit.com/home/2012/10/10/gold-molotov-cocktails-rubber-bullets-and-teargas-a-rift-in.html">Gold, Molotov Cocktails, Rubber Bullets, And Teargas: A Rift In Greece</a> - Hard to say where I stand on this. I think the extraction of gold can be done ethically, but it is up to the company to do that. Sure, it could bring hundreds of millions of dollars to the Greek economy, but what good will that really do? The money would, at this point, simply be used to repay their massive debts to the Troika - unless they decide to boot them out, and do a referendum to approve a denial-of-payment. Somehow I don't see this happening with the current political landscape in the country.<br /><br /><a href="http://www.bloomberg.com/news/2012-10-08/spain-foreclosures-spread-to-once-wealthy-mortgages.html">Spain Foreclosures Spread to Once Wealthy: Mortgages</a> - Spain continues to face ever-growing trouble, as the foreclosures in the country are now spreading to the upper-middle-class - with <b>60% of foreclosures </b>now being accounted for by this particular class. Also, loan guarantors - often parents who use their homes as collateral to help their children buy homes - now account for <b>one-fifth </b>of the foreclosures in the country.<br /><br />No wonder we're seeing increased social unrest, as people who thought they may be relatively safe from the abyss of debt burden are now starting to take the hit. Inevitably, this will continue to spread to the upper class of the country as well, until all that is left is the elite/ruling class sitting with massive piles of wealth while the rest of the peasants fight for scraps in the streets. Isn't this reminiscent of medieval Europe in the times of serfdom and feudalism? Something, I might add, that I've been signalling (as well as many others more adept than I) for quite some time now.<br /><br /><a href="http://www.craigmurray.org.uk/archives/2012/10/i-vote-for-shooting-bankers/">I Vote For Shooting Bankers</a> - Fantastic short little piece about how it's OK to shoot a criminal who enters your home to steal your belongings, but when people steal your money it is suddenly taboo to suggest similar forms of dealing with the problem. I don't necessarily agree that shooting the bankers will solve the problem in the long-term, but I do understand the sentiment behind what is being said.</span><br />
<span style="font-size: small;"><br /><a href="http://www.guardian.co.uk/business/2012/oct/11/coca-cola-hellenic-quits-greece-london?CMP=twt_fd">Coca-Cola Hellenic quits Greece and seeks refuge in London</a> - Greece is also losing one of it's most important businesses - Coca Cola Hellenic - due to the ever-worsening Greek economy, and incredibly high corporate tax rates. They are moving to Switzerland, and pulling out of the Athens Stock Exchange in favour of re-listing on the London counterpart.<br /><br /><b>And Misc<span style="font-size: small;">ellaneous...</span></b></span><br />
<span style="font-size: small;"><b><span style="font-size: small;"> </span></b><br />This is a <b>huge</b> blow to the Athens Stock Exchange, as CCH accounts for one fifth (20%) of the Athens Stock Exchange.<br /><br /><a href="http://www.bloomberg.com/news/2012-10-09/half-of-wall-street-employees-expect-bigger-bonuses.html">Half of Wall Street Employees Expect Bigger Bonuses</a> - Wall St. employees are expecting bigger bonuses this year, in spite of this year's first-half disappointment from most of the major firms of Wall St.<br /><br /><a href="https://rt.com/news/south-africa-platinum-clashes-225/">Two dead in fresh South African platinum violence</a> - Strikes still continue to plague mines throughout South Africa, and a few days ago there was the most recent bout of violence in the seemingly endless protests - with 75,000 miners taking part across the nation.<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><br /><br /><a href="http://www.bloomberg.com/news/2012-10-07/iran-low-on-options-as-hyperinflation-concerns-spark-gold-dash.html">Iran Low on Options as Hyperinflation Concerns Spark Gold Dash</a> - <span style="font-size: small;">Irania<span style="font-size: small;">ns flock<span style="font-size: small;"> to <span style="font-size: small;">gold in order to protect sav<span style="font-size: small;">ings - <span style="font-size: small;">including the government. <span style="font-size: small;">Hyperinflation is occurring, with real <span style="font-size: small;">inflation rates between 6<span style="font-size: small;">0-70% per mont<span style="font-size: small;">h<span style="font-size: small;">.</span></span></span></span> Sanctions are hurting the pe<span style="font-size: small;">o<span style="font-size: small;">ple of Iran<span style="font-size: small;">, and in my opinion they (US<span style="font-size: small;"> <span style="font-size: small;">globalist<span style="font-size: small;"> terrorists) </span></span></span>are purposely attem<span style="font-size: small;">pting to foment revolution in<span style="font-size: small;"> the country by decimating the savings and buying power of Iranians<span style="font-size: small;">. Typ<span style="font-size: small;">ical US<span style="font-size: small;"> imperialistic ways<span style="font-size: small;"><span style="font-size: small;"> - hurt the people of the country<span style="font-size: small;"> so they blame their government<span style="font-size: small;">, instead of the people who are actually causing them <span style="font-size: small;">the pain and suffering<span style="font-size: small;">.<span style="font-size: small;"> Then,<span style="font-size: small;"> declare <span style="font-size: small;">a "humanitarian" war.</span></span></span></span></span></span></span></span> I can't wait <span style="font-size: small;">'til the <span style="font-size: small;">US falls<span style="font-size: small;"> - just like Rome burned, so<span style="font-size: small;">, too will the US<span style="font-size: small;"> <span style="font-size: small;">farcical empire.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-size: small;"></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><br />I'll cap this here for now<span style="font-size: small;">, but there's plenty more to come in <span style="font-size: small;">the next installment. <span style="font-size: small;">The next <span style="font-size: small;">few weeks will see me quite busy, and less able to dedicate time to reading current events<span style="font-size: small;">; however, <span style="font-size: small;">I w<span style="font-size: small;">il<span style="font-size: small;">l do my best to get t<span style="font-size: small;">h<span style="font-size: small;">ese things<span style="font-size: small;"> u<span style="font-size: small;">p and get some info<span style="font-size: small;"> out to those who read my <span style="font-size: small;">posts!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Che<span style="font-size: small;">ers, ladies and gen<span style="font-size: small;">ts! <span style="font-size: small;">Also, stay tuned for an u<span style="font-size: small;">pcoming <span style="font-size: small;">Zero<span style="font-size: small;">Hedge compilation<span style="font-size: small;">. I loves me some in-your-<span style="font-size: small;">face </span>ZeroHedge<span style="font-size: small;"> news and ana<span style="font-size: small;">lysis!</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-8815049519018062382012-10-12T10:15:00.002-07:002012-10-17T14:18:40.170-07:00Inversion of the First and Third Worlds<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;"></span><br />
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<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;">We, across the globe, are currently witnessing an inversion of the first and third worlds - or perhaps an integration of the two to a more even economic playing field.</span></div>
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<span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.09375); -webkit-composition-frame-color: rgba(191, 107, 82, 0.496094); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); font-family: Helvetica; font-size: 18px; line-height: 24px;"><span class="Apple-style-span" style="-webkit-composition-fill-color: rgba(130, 98, 83, 0.0898438); -webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969);">This may sound outlandish, or, indeed, even impossible based on what we have been taught in first-world schools for decades, but reality tends to be stranger than fiction. One need only look at the deteriorating situations in Europe and the North America for an allusion to the disastrous times that are upon us - and the resulting repayment of the Karmic debt we have accrued in our lack of compassion and caring for the formerly less-fortunate nations across the globe.</span></span></div>
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European economies are falling like a house of cards (or dominos, if you prefer that particular simile) - exactly what can be expected from Ponzi schemes like that of the Euro. <a href="http://www.testosteronepit.com/home/2012/10/3/a-capitalist-revolt-in-socialist-france.html">France</a>, <a href="http://www.testosteronepit.com/home/2012/10/5/the-noose-tightens-on-germanys-success-recipe.html">Germany</a> and the <a href="http://www.guardian.co.uk/business/2012/oct/09/uk-economy-exits-recession-niesr">UK</a> (not part of the Eurozone, but in a tumultuous category all its own with its double-dip recession and edging towards a triple-dip in the coming months) are heading quickly into the toilet, which is in the final stages of being completely flushed of the waste that was deposited by the PIIGS countries and their co-opted and technocratic governments - and, of course, their Troika overlords.</div>
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Spain is in dire straights. People have lost all shreds of confidence in their <a href="http://www.testosteronepit.com/home/2012/10/8/punishment-of-the-spanish-political-class-by-the-people.html">political system</a>. Their banks require <a href="http://www.bloomberg.com/news/2012-10-01/spanish-banks-need-more-capital-than-tests-find-moody-s-says.html">between €70-105 billion of capital </a>injections in order to stay afloat - nevermind the <a href="http://www.zerohedge.com/news/2012-09-28/how-oliver-wyman-manipulated-spanish-bank-bailout-analysis">€412 billion</a> they already owe for their Troika-sponsored bailouts. They are plundering the economy as the people take to rioting in the streets.</div>
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The Spanish housing situation is even more catastrophic than it was 3 years ago. The lower-and middle-classes have been almost entirely decimated, and the contagion is spreading now to the former upper rungs of the ladder. <a href="http://www.bloomberg.com/news/2012-10-08/spain-foreclosures-spread-to-once-wealthy-mortgages.html">60% of home foreclosures</a> in the country are on homes of formerly affluent families. An astounding one-fifth of foreclosures are on those of loan guarantors - usually the parents of foreclosed-upon citizens who put their own houses up as collateral in order to help their children to purchase homes. <br />
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What happens when the kids' homes are foreclosed upon? They move in with Mom and Dad to try to get back on their feet. Unfortunately, since Mom and Dad were guarantors on the now-foreclosed homes, their homes are taken by the lenders, as well. Not only that, but the values of the homes - having dropped immensely since the original housing collapse in 2008 - is not enough to cover the debt owed to the banks. As such, the parents' pensions are looted, and any wages they make are garnished in order to recoup the shortfall.</div>
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In Greece it appears as though they will be allowed <a href="http://globaleconomicanalysis.blogspot.ca/2012/10/greece-still-word-time-is-still-money.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+(Mish%27s+Global+Economic+Trend+Analysis)">more time</a> (probably another two years) to meet the requirements of their previous bailout. While this may seem good on the surface, as they have been given more time to strategize, the reality is that even with additional time given Greece still has an enormous shortfall of money, and as such no amount of time will make up for the amount of money that they owe. What strategy exists in order to repay debt when you require money from the creditors to pay back your existing debts?<br /><div>
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GDP is projected to decline 0.4% in 2013, recently revised from a flat (+/-0%) outlook previously - and probably with further revision incoming. They are losing 1000 jobs a day as the country's businesses go bust in the face of overwhelming and insurmountable debt. The biggest business in the country, Coca-Cola Hellenic, is officially throwing in the towel and relocating to Switzerland. This company accounts for roughly one fifth (20%) of the Athens stock exchange - from which they are withdrawing altogether in order to re-lost on the London stock exchange. Another devastating blow to an already downtrodden economic region.</div>
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Unemployment has topped 25% in the country, with youth unemployment at an astounding 54%. Historically, 30-40+% unemployment rates (and currency debasement) have <a href="http://www.zerohedge.com/news/2012-10-02/currency-debasement-social-collapse-4-case-studies">resulted in bloody revolution</a>. Bringing it full-circle, give Greece those additional two years and - with or without another capital injection into the banks and perfidious politicians' bank accounts - I think we can safely say that threshold will have been more than crossed. Even more disturbing (but not remotely surprising) is the fact that the Troika refuses to write down anything, ensuring Greece's debt level remains at an all-time high and growing.</div>
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The United States is getting exponentially worse. Basic rights and freedoms are almost non-existent now - look no further than the NDAA being upheld for proof (really, please do look further - this is the tip of the iceberg). The dollar is being constantly debased, and buying power is being decimated. Even the millionaires are losing money, while the billionaires are lapping it all up as it flows out of their bank accounts. Sands through an hourglass, moving from one side to the other, eventually leaving one side depleted and the other with everything.</div>
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<a href="http://www.zerohedge.com/news/2012-10-02/currency-debasement-social-collapse-4-case-studies">Detroit is a war zone</a>, and according to its own police force they can't protect you if you decide to visit. Municipalities have <a href="http://www.blogger.com/blogger.g?blogID=5665753872898733536#editor/target=post;postID=9171332744638628248">collapsed</a> and been cheated out of billions of collective dollars through <a href="http://www.reuters.com/article/2012/08/31/us-ubs-bidrigging-trial-idUSBRE87U11620120831">bid rigging</a> - and more go bankrupt seemingly every month. Jobs are flowing out, real unemployment astronomically high, while the 'official' numbers are manipulated for political gain.</div>
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Freedom of speech is only for those who care to <a href="http://jthomsworld.blogspot.ca/2012/09/anti-islamic-propaganda-nazi-germany.html">speak hatred</a>, not dissent. People are being rounded up for political views and <a href="http://rt.com/usa/news/refusing-grand-jury-plante-196/">thrown in jail</a>. Surveillance invades your basic privacy at every turn - both <a href="http://www.businessinsider.com/trapwire-everything-you-need-to-know-2012-8">on the ground</a> and <a href="http://rt.com/usa/news/domestic-drone-court-ruling-743/">in the air</a>. It's even cross-border in Canada - with government approval of US drones surveilling, sharing of information between military and police forces North-America-wide. Indeed, our dictatorial Harper government even authorized - for the first time in history - US military detention of Canadian citizens last year.</div>
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Worst of all, the banks own pretty much everything. Indeed, the Fed is moving towards truly owning all real-estate property in the country through <b>unlimited</b> purchases of mortgage-backed securities with their magic printing press and QEternity. The private corporation - Fed - "government" and international entities are flooding the elite with free money, which is being hoarded by those elites rather than injected back into the economy. Really, what incentives do banks have to put money back into the economy through lending, with interest rates so low and debt levels so enormously high? I should clarify; the free money is not being <i>completely</i> hoarded - some of that money flows into the pockets of the politicians to keep them subservient to the will of those institutions. Soviet Russia (among other historical examples) comes to mind, and not in the traditional facetious manner so common across the Internet these days (a la Yakov Smirnoff).<br />
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$600 billion+ were sucked out of that economy when it finally collapsed, and the oligarchs fled to the city of London - where many of them still reside, untouched for their financial crimes due to complete collusion between state and the criminal banking sector. We have proven and widely acknowledged cases of <a href="http://www.guardian.co.uk/world/2012/jul/21/drug-cartels-banks-hsbc-money-laundering">drug cartel money laundering</a>, <a href="http://www.bloomberg.com/news/2012-06-28/barclays-451-million-libor-fine-paves-the-way-for-competitors.html">LIBOR manipulation</a> and many more - yet no one has gone to jail. Not. One. Person.</div>
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What we are seeing is essentially an inversion of the first and third worlds, where the first world is regressing to a point of disaster that will see it in the same situation the emerging economies of the world have found themselves in for centuries - repressed and oppressed, with no hope in sight, and no alternative for bloody revolt. This doesn't have to happen, of course, but becomes more likely every day that goes by. The trouble is, the first world is the portion of the planet that has significantly contributed to the growth in other regions. If the first world goes down the growth in other regions will stall.</div>
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The difference between the Westernized world and the developing nations in this particular predicament is that the rest of the world is already used to what's happening. The developed nations have not experienced this type of overt oppression for generations. How quickly we forget; inevitable when placing value on material goods rather than knowledge and academia. Look at Eastern Europe as one example. They have lived in the midst of civil war for decades, and at this point are used to the cronyism that has infected the political and financial landscape in their countries. The western world is grossly unprepared and is being caught with their metaphorical pants down.</div>
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As such, those who have lived in this story line for decades are far better equipped to come out ahead. We in the west have become seemingly dependent upon the very system that oppresses us. In reality we have every ability to be self-sufficient and self-confident; we simply choose not to be. When the turmoil in isolated areas in Europe spreads to the rest of the world, people will realize that in this world almost nothing is isolated. Butterflies' wings can be powerful things, after all.</div>
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People in the West fail to realize that the oppression never went away, in spite of the wars fought and won in the name of "freedom" - it was just cleverly disguised in a veil of economic and material prosperity. It was coupled with a forced view of high quality of life being that of money and power. People tend to forget that money and power corrupt; or rather, they tend to think they are immune to the corruption that accompanies such things. </div>
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And so is the demise of the West: Priority placed on happiness found in materialism and skewed societal values, thrust upon them by an elite class ruling from the shadows through formerly discreet emotional and psychological manipulation. Of course, another key variable in the equation is the overall apathy of the masses to what's happening to them. Many of them know, but, in feeling powerless and inferior compared to those who aren't, they reject it. They excuse their lack of action and control over their own destinies by copping out and self-justifying that there's nothing they as an individual can do.</div>
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This, of course, is a compete fallacy. Our strength lies not necessarily within ourselves as individuals (although for some this is a key factor), but rather our common connection and bond with our fellow human beings. The path to obliteration could be avoided if we took cues from countries (ie. <a href="http://www.blogger.com/blogger.g?blogID=5665753872898733536#editor/target=post;postID=5200033872163768499">Iceland</a>) that have opted for supporting their people instead of the corrupt leaders and elitists at the top. And, if history has taught us anything, it is that the ruling class tends to fall hard in the face of revolt from those they are ruling over. There is something you can do as an individual: Make the choice to stand up with your fellow humans!</div>
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The ruling classes of the world rule through a divide and conquer mentality, and it seems to me that as of now they are winning out in many ways. However, I can also see that people are slowly becoming more wise to the true threat that the ruling class poses to us - particularly, the banks. "Banker bashing" has become both a common phrase and a common iteration of frustration - I myself being guilty of it. And it really is justified. Hanging the bankers - as is likely to happen in Europe - would be justified, but what would it really bring us?</div>
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Would a more powerful message not be to jail them? To punish them for their trespasses against humanity through non-violent means? As much as the justified anger exists overwhelmingly, are we not more intelligent than an animal who can't control it's own emotions? Even if we rounded them all up and eliminated them, it still would not eliminate the underlying issues that cause the mentality and pathology behind these evils.</div>
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In the end we are many, and they are few - people just need to refocus their attention away from fear and towards love - including compassion for those who show absolutely none to us in turn. We must turn away from selfishness and social anxiety and towards unity. We may have individual differences, but we all share a common vision of a better future for ourselves and our children. It is up to us - the oppressed, the manipulated, the swindled and violated - to change this inversion of the divided worlds to an integration of them - to create a better world for all of us.</div>
</span>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-24014239154790015152012-10-10T21:22:00.001-07:002012-10-15T17:33:07.777-07:00Daily Reading Material Compilation 5.0I've been extremely busy over the last few days and haven't had time to read as much as I usually do - but on the bright side I'm learning lots and progressing towards an exciting path and a new journey in my life!<br />
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In short, here are the articles I've been reading over the past few days:<br />
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<a href="http://naturalsociety.com/4-ways-to-destress-quickly-feel-better/">4 Extremely Simple Ways to Destress Quickly</a> - Just thought I would begin with an article on how to destress. These suggestions may seem pretty straightforward, but we can easily forget how to do these 4 things when we face overwhelming stress in our lives. Sometimes we need a reminder to just breathe, and to do things for ourselves to help us relax in the face of stressful times. Be sure to also check out the article they recommend at the end of this one, found <a href="http://naturalsociety.com/8-surprising-ways-to-de-stress-the-brain/">here</a>.<br />
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<a href="http://silvervigilante.com/the-rothschild-johnson-matthey-connection/">The Rothschild-Johnson Matthey Connection</a> - Johnson & Matthey silver bars are being purchased by silver-stackers around the globe (including yours truly, although I've only got about 10oz. of JM silver as I intuitively felt something was fishy with this particular purveyor) who are fighting back against the cartels that run the precious metals markets. But, in trying to fight against the corruption and illegality of market manipulation, are they playing (and putting money) into the hands of the very people they're fighting against?<br />
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<a name='more'></a><br />
<a href="http://www.testosteronepit.com/home/2012/10/8/punishment-of-the-spanish-political-class-by-the-people.html">Punishment Of The Spanish Political Class By The People</a> - Spain's political system (and the country in general) is in shambles. Both leading parties have 29% and 24% support, respectively. 84% of the people have "no confidence" in current PM Rajoy, and even fewer still (90%) have any faith in the leading opposition party's leader. What is Spain's future? My guess is another civil war in Spain. Indeed, I foresee it spreading throughout Europe as governments continue austerity and squander billions in loan money from supranational organizations that dictate their economic policies.<br />
<div>
<br /></div>
<div>
<a href="http://www.bloomberg.com/news/2012-10-08/california-facing-5-gasoline-stirs-brown-to-relax-rules.html">California Facing $5 Gasoline Stirs Brown to Relax Rules</a> - California is experiencing shortages in their supply of oil, leading to increased prices at the pump - record highs have already been shattered, and are probably going to continue to rise. Governor <a href="http://en.wikipedia.org/wiki/Jerry_Brown">Jerry Brown</a> is stepping in to alter regulations in order to ease some of the pain at the pump.<br />
<a href="http://www.blogger.com/goog_1917548188"><br /></a>
<a href="http://www.zerohedge.com/news/2012-10-09/buffetts-favorite-bank-wells-fargo-sued-us">Buffett's Favorite Bank, Wells Fargo, Sued By US</a> - Wells Fargo is being sued by the US Government for mortgage fraud; fraudulently creating FHA loans. Surprise, surprise... still no criminal charges. Ridiculous.<br />
<br />
<a href="http://theautomaticearth.com/Finance/what-could-possibly-go-wrong.html">What Could Possibly Go Wrong?</a> - Fitch gave the ESM a AAA rating, in spite of the fact that the eurobonds are complete toxic sludge. Corruption at its finest, ladies and gents. Greece and Spain are on the brink of bloody revolution (although personally I could see a twist a-la-Iceland with millions of demonstrators ousting the banks - backed, of course, by the police and military, most of whom aren't actually being paid), and Merkel has the audacity to step foot in Greece. Thumb your nose at the people of Europe more, troika cronies... your time is coming.<br />
<br />
<a href="http://rt.com/usa/news/dhs-us-public-safety-019/">DHS to start testing drones over US for 'public safety' </a> - The Department of Homeland Security is officially moving ahead on their unmanned aerial vehicle domestic surveillance program. By year's end they hope to have 30,000 UAVs operational in the United States - 600 per state. Wow.<br />
<br />
<a href="http://www.testosteronepit.com/home/2012/10/9/merkel-hides-behind-the-troika-report-the-greeks-seethe-and.html">Merkel Hides Behind The Troika Report, The Greeks Seethe, And The Drachma Advances</a> - Angela Merkel's visit to Greece accomplished... nothing. It was all basically a huge publicity stunt, and more likely to bolster her image to the German voters who will decide if she is re-elected next year than to actually attempt to help out the struggling (indeed, wounded and bleeding) Greek people. 60,000-80,000 protesters in the streets seems a little low to me for the woman who is helping to dismantle Greece bit by bit, but then again I would assume that the Greek people have all but given up on hope - and, by proxy, protest.<br />
<br />
<a href="http://www.cnbc.com/id/49333454">Mysterious Algorithm Was 4% of Trading Activity Last Week</a> - High frequency traders at it again. Manipulate the market in order to gain an advantage for computer-traders... Standard practice on Wall St. these days.<br />
<br />
<a href="http://www.silverdoctors.com/commercial-signal-failure-in-silver-in-progress/">Silver Commercial Signal Failure in Progress?</a> - Spot on. Millions upon millions of paper ounces flooded into the market and all the cartel has managed to do is take silver to slightly less than $34. Each time it drops into the high $33 range people snatch up all the silver they can muster, which pushes it back higher once again. <br />
<br />
I have been saying for the past few weeks that without this manipulation I wouldn't be able to afford as much silver as I have been able to - and we all know eventually it will fizzle out, because the want is so enormously high that their millions of [fake] paper ounces can't really topple the beast that is silver demand.<br />
<br />
<a href="http://www.businessinsider.com/greek-men-on-lagarde-list-found-dead-2012-10">A Second Greek Man Has Been Found Dead Since The Emergence Of 'The Lagarde List'</a> - Are the rats jumping off a cliff, or are they being pushed? Time will tell.<br />
<br />
<a href="http://www.businessinsider.com/mario-draghi-ecb-live-microphone-2012-10">BUSTED: Mario Draghi And ECB VP Caught On Microphone Joking About Whether Their Words Will Move Markets</a> - Laugh while you still can, Draghi. Europe will come for you - and you will most likely rot in jail... if you're lucky.<br />
<a href="http://www.blogger.com/goog_394407960"><br /></a>
<a href="http://azizonomics.com/2012/10/10/the-mathematicization-of-economics/"> The Mathematicization of Economics </a> - Mathematics and mathematical models have become a staple of modern economics - but is this a good thing? Many (including myself) would argue that it is not, as over-dependence on mathematical models fails to account for the complexity of human thought and action. A phenomenal (and relatively brief) post by Mr. Aziz - once again!<br />
<br />
<a href="http://www.bloomberg.com/news/2012-10-10/dimon-says-bond-markets-to-spurn-u-s-if-deficit-is-unresolved.html">Dimon Says Bond Market Turn Assured on Budget Impasse</a> - And why, Jamie, is the US borrowing indefinitely? SO YOU CAN STEAL THE MONEY! Who's benefiting from infinite borrowing and infinite money printing? YOU ARE, JAMIE DIMON!<br />
<br />
The audacity is astounding.<br />
<br />
On that note, I'll cap it for the day here. I'd like to leave you with yet another video (in addition to the one in the last article of the post) from none other than our favourite mega-banker.<br />
<br />
<div class="userContentWrapper aboveUnitContent">
<div class="_wk mbm">
<span class="userContent">I wonder if pretty much every word that comes out of Jamie's mouth a lie, or if he really thinks that he and his JP Morgan buddies have done nothing wrong - a thought scarier than if he were merely lying through his teeth.
Fake outrage at the cronyism on Wall St. when he's probably the biggest
crony of all is (pardon the pun) quite rich.<br /><br />Enjoy the vid!<br /> </span></div>
</div>
<br /></div>
<br />
<script src="http://player.ooyala.com/player.js?embedCode=8wdjA1Njp7nGNHKgJbt65qyUH1DP9VQQ&playerBrandingId=8a7a9c84ac2f4e8398ebe50c07eb2f9d&width=640&deepLinkEmbedCode=8wdjA1Njp7nGNHKgJbt65qyUH1DP9VQQ&height=480&thruParam_bloomberg-ui[popOutButtonVisible]=FALSE"></script>
Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-18139495143021029282012-10-08T10:51:00.000-07:002012-10-15T17:33:19.113-07:00Daily Reading Material Compilation 4.0<span style="font-size: small;">First, I'd like to give credit where credit is due. Without <a href="http://maxkeiser.com/">Max Keiser &</a><a href="http://maxkeiser.com/"> Stacey Herbert</a>, <a href="http://zerohedge.com/">Tyler Durden</a>, and <a href="http://goldcore.com/goldcore_blog">Mark Obyrne</a> I wouldn't be able to put these posts together. There are other sources I have, as well, but these three are where the bulk of the articles I actually decide to post come from. They do a fantastic job of compiling articles from around the web to share with their fans and I feel it my responsibility to share it with you, in turn.<br /><br />Also, for those who are wondering - yes, I read pretty fast. Luckily - otherwise I'd spend all my free time reading this and have none left over for my lovely family.<br /><br />Here's version 4.0:<br /><br /><a href="http://www.infowars.com/a-jobs-report-conspiracy/">A Jobs Report Conspiracy?</a> - US jobs report claims 873,000 Americans found employment, dropping the unemployment rate from 8.1 to 7.8% according to the household survey data - in spite of the fact that the employers data only showed that 114,000 jobs were added in September. A discrepancy of about 759,000... Skeptical is a bit of an understatement for what I am on this data...<br /><br /><a href="http://www.infowars.com/another-phony-employment-report/">Another Phony Employment Report</a> - Another article on the falsified and manipulated jobs report data</span><br />
<span style="font-size: small;"></span><br />
<a name='more'></a><span style="font-size: small;"><a href="http://bigstory.ap.org/article/calif-gas-prices-will-rise-then-fall-next-week#overlay-context=users/rjagodzinski">Calif. gas prices hit all-time high</a> - California gas prices hit all time high - and <a href="http://www.zerohedge.com/news/2012-10-08/california-wakes-another-record-high-gas-price">here</a>, they hit an new high still!<br /><br /><a href="http://silvervigilante.com/its-a-free-fing-country-is-it-really-jamie-dimon/"> “It’s a Free. F***ing. Country.” Is it Really, Jamie Dimon?</a> - An oh-so-comprehensive analysis of the evil deeds of JP Morgan Chase, and their scumbag psychopathic (or is it sociopathic?) CEO Jamie Dimon. Amazing read, and quite the large amount of detail to back up what he's saying.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-your-bank-getting-corporate-welfare-.html">Dear Mr. Dimon, Is Your Bank Getting Corporate Welfare?</a> - An article from June 2012 detailing how JP Morgan Chase receives $14 billion a year of government subsidy. The taxpayers are paying the salaries at America's biggest bank.</span><br />
<blockquote class="tr_bq">
<span style="font-size: x-small;"><i>"Lawmakers and regulators need to recognize just how costly
business as usual will be. When Dimon pushes back against
capital requirements or the Volcker rule, it’s worth remembering
that he’s pushing for a form of corporate welfare that, left
unchecked, could lead to a crisis too big for the government to
contain."</i></span></blockquote>
<span style="font-size: small;"><a href="http://silvervigilante.com/jp-morgan-at-least-28-billion-in-losses-since-london-whale/">JP Morgan: At Least $28 Billion in Losses Since “London Whale”</a> - $28 billion. Ouch. People are wising up to the Morgue and their despicable dealings. Too bad they aren't yet wise enough to the political paradox of the candidates representing the exact same threat to the American people. Bipartisan politics are there to divide and conquer - and it appears to be working.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://silvervigilante.com/king-jamie-dimon-ceo-larger-than-life-and-hes-starting-to-believe-it/">King Jamie Dimon: CEO “Larger Than Life..And He’s Starting to Believe It”</a> - An incredibly comprehensive profile from the Silver Vigilante on none other than (who else?) Jamie Dimon. He presents both sides of the argument (while remaining his own personal bias against Jamie... and who can blame him?) and demonstrates how even through all of his blatant fraud, he's able to charm the pants off of people and make them believe in him. Isn't that always how the best con artists work?</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">I think Jamie actually believes the bile that comes out of his mouth when he talks about lack of culpability for any of the financial crisis. I don't think he believes he's committed any fraud - probably because he sees himself to be above regulations. A market-maker, so to speak - and in making a market, how can you do any wrong? You're writing the future chapters of market history, after all.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://www.washingtonmonthly.com/magazine/julyaugust_2012/features/diy_bb038421.php">DIY B&B</a> - This is just unbelievable. We are living in a fascist global society with governments killing all rights of private citizens as to what they do with their own property.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://www.youtube.com/watch?v=W0sE30OsVhs"> Polar opposites: Will Chavez worship beat Capriles promises? </a> - A video on Hugo Chavez's probable victory in Venezuela, and what he has done for the country. Fantastic analysis by <a href="http://en.wikipedia.org/wiki/Pepe_Escobar">Pepe Escobar</a></span><br />
<span style="font-size: small;">EDIT: Yep, <a href="http://jthomsworld.blogspot.ca/2012/10/venezuelan-sovereignty-lives-to-see.html">Chavez wins</a>!</span><br />
<span style="font-size: small;"><a href="http://www.blogger.com/goog_932039041"><br /></a></span>
<span style="font-size: small;"><a href="http://www.infowars.com/spain-police-beating-everyone-a-warning-to-america/">Spain Police Beating Everyone: A Warning To America</a> - This is just dispicable. I'll link the video in this article at the end to close out my post... but this made both myself and my wife literally cry from the injustice. Viva la revolucion en España y el resto del mundo tambien!</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://www.marketwatch.com/story/your-right-to-resell-your-own-stuff-is-in-peril-2012-10-04?pagenumber=1">Your right to resell your own stuff is in peril</a> - Yikes. Want to resell the things you've already purchased? You may no longer be able to in the US soon enough... A Second Circuit court already decided no. Now it's going to a higher court and oral arguments will be heard Oct. 29, 2012.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">That's all for now. See you in the next round!</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">Please make sure you check out this video, too. I think it of vital importance for people to understand what's happening in our world - and now spilling over into the first world, as we see in Europe.</span><br />
<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="360" src="http://www.youtube.com/embed/hzP8znpQI9I" width="640"></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-68276259600526643542012-10-07T19:48:00.003-07:002012-10-15T17:33:34.898-07:00Venezuelan Sovereignty Lives To See Another Day<span style="font-size: small;"><i>Incumbent President, Hugo Chavez, has won Venezuela’s
tightly-contested presidential elections, clinching a fourth term with
54 per cent of the vote, according to the National Electoral Council.</i></span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><i>Polling stations were officially closed at 22:00 GMT (6 p.m. local
time) on Sunday, but many stations remained open as the National
Electoral Council (CNE) said the polling stations wouldn’t close until
voters were no longer queuing to cast ballots.</i></span><br />
<span style="font-size: small;"><i>The new leader will take office for a six-year term beginning February 2013.</i></span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><i>There
have been six candidates competing for the presidency in the current
election. However since the very beginning, opinion polls suggested the
race was between just two potential leaders.Incumbent President Hugo
Chavez, representing the United Socialist Party of Venezuela, has proven
prominent, but opposition candidate Henrique Capriles, representing the
Coalition for Democratic Unity, has been biting at his heels throughout
campaigning.Capriles is the first opposition candidate in Chavez’s 13
years in power. The current leader and his young pro-US rival have been
neck-and-neck in opinion polls.</i></span><br />
<span style="font-size: small;"></span><br />
<a name='more'></a><span style="font-size: small;"><i>Chavez was first elected in 1998
and since then has been waging what he calls a “Bolivarian revolution”
towards socialism. He has received a lot of negative coverage from
Western media, many regarding him as a reactionary, seeking to cling to
power for another presidential term. His controversial foreign policies
have provoked the anger of the US on more the one occasion. </i></span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><i>He
has condemned the support of the opposition in Syria and advocates
Iran’s right to enrich uranium. In addition, he has been a key figure in
the movement for Latin American integration and the exclusion of the US
regarding internal policies.</i></span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><i>In contrast, 40-year-old Capriles
has resolved to radically change Venezuelan foreign policy upon
election, heralding a possible strengthening of ties with the US. Born
in 1972, Venezuelan politician and lawyer Capriles was mayor of Baruta
Municipality of Caracas. Since November 2008 has been governor of the
country’s Miranda state.</i>Original article from <a href="http://rt.com/news/chavez-capriles-venezuela-elections-873/">RT News here</a>.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">Venezuelan Sovereignty lives to see another day! Chavez Wins! <u><b>SO THRILLED!!!</b></u></span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;">Now, watch out for those CIA jackals...</span><br />
<br />
UPDATE:<br />
<br />
Just adding a few interesting links.<br />
<a href="http://www.blogger.com/goog_1657532357"><br /></a>
<a href="http://www.zerohedge.com/news/2012-10-07/hugo-chavez-wins-presidential-re-election-someone-makes-absolute-killing-intrade">As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade</a> - Someone made an awful lot of money on Chavez's presidential re-election.<br />
<br />
<a href="http://www.zerohedge.com/news/2012-10-07/world-awaits-venezuela-presidential-results-tanks-enter-caracas">As World Awaits Venezuela Presidential Results, Tanks Enter Caracas</a>- Tanks in Caracas. Probably there to prevent riots from the extremist opposition losers (in the electoral sense, of course). The amount of ignorance in the comments below this article is staggering - especially considering that most likely none of them have ever actually lived in (or even been to) Venezuela.Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-14443929194942839142012-10-06T13:33:00.001-07:002012-10-15T17:33:57.821-07:00Daily Reading Material Compilation 3.0<span style="font-size: small;">Here's my third round of daily reading material. I will say that I often read more than simply these articles, but I highlight the best ones on the day that I've read and present them here for your reading pleasure - in addition to the obvious informativeness that accompanies this type of reading.</span><br />
<br />
<span style="font-size: small;"><a href="http://www.silverdoctors.com/the-us-energy-policy-is-completely-fos/">The Coming Energy Shortage Will Exacerbate PEAK GOLD & SILVER</a> - "energy is money. Gold and Silver are only a physical accounting of
energy. Without ample energy supplies, gold and silver cannot be mined
commercially." Supplies of gas and oil are dropping, and peak gold and silver are coming sooner than later.</span><br />
<span style="font-size: small;"><br /><a href="http://www.testosteronepit.com/home/2012/10/4/the-incredibly-ballooning-bailout-of-cyprus.html">The Incredibly Ballooning Bailout Of Cyprus</a></span>
<span style="font-size: small;"> - Cyprus is requesting €20 billion to bail our their banks and government, while the average citizen is the one who takes the hits. They are doing this in spite of the fact that the communist president of the country, Demetris Christofias, called what the banks have done 'a crime'. Doesn't we usually arrest criminals, not give them €12 billion to continue their criminal activity?</span><br />
<span style="font-size: small;"></span><br />
<a name='more'></a><span style="font-size: small;"><a href="http://www.goldcore.com/goldcore_blog/turkey-syria-clash-and-asians-take-shine-silver">Turkey & Syria Clash and Asians Take a Shine to Silver</a></span>
<span style="font-size: small;"> - New GoldCore blog update from Mark OByrne. Silver and gold are top performers, and continue to rise - while Asia begins to see silver as the clear favourite over gold, with silver futures climbing 29% by the end of Spetember, whereas gold climbed "only" 13%. On India's commodities exchange, silver is up 30% while gold futures are down 10%. Check out the links at the bottom of this GC blog post - they're fantastic, and I will be posting a few below.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/5_Physical_Gold_Demand_May_Now_Overwhelm_The_Manipulators.html"> Physical Gold Demand May Now Overwhelm The Manipulators</a> - John Embry, chief investment strategist for Sprott Asset Management, speaks to the strong probability that the overwhelming demand for gold will see it driving up in price very quickly over the next few months and years - and how this is a time to buy, because the longer you wait the less physical supply there will be available for a reasonable price</span><br />
<span style="font-size: small;"><br /><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/5_Agnico_CEO_-_A_Game-Changer_That_Will_Send_Gold_To_$3,000.html"> Agnico CEO - A Game-Changer That Will Send Gold To $3,000</a></span>
<span style="font-size: small;"> - Incredible interview with very astute observations (although I expect nothing less from KWN interviews) from Sean Boyd, CEO of Agnico Eagle (a mining company). This excerpt is particularly juicy in my opinion:</span><br />
<blockquote class="tr_bq">
<div class="paragraph_style_5">
<span style="font-size: x-small;"><i>“The difference in the equation now is that
even though we are seeing weaker demand from India, the central banks
have more than offset that weakness. The central banks are big buyers
now, and they appear to be buying on dips.</i></span></div>
<div class="paragraph_style_5">
<span style="font-size: x-small;"><i><br /></i></span></div>
<div class="paragraph_style_5">
<span style="font-size: x-small;"><i>The appetite for gold from
central banks will continue. Their foreign exchange reserves are
growing, and they are having a hard time keeping their gold reserves up
as a total percentage of reserves, especially given how quickly the
reserves are growing.</i></span></div>
<div class="paragraph_style_5">
<span style="font-size: x-small;"><i><br /></i></span></div>
<span style="font-size: x-small;"><i>This is just going to
result in more demand coming out of the central banks, which is going to
be one of the major factors or catalysts that’s going to drive gold to
the $3,000 mark. But the last thing these central banks want to do is
create disruption in the gold market."</i></span></blockquote>
<span style="font-size: small;"><a href="http://www.bloomberg.com/news/2012-10-05/former-ge-ceo-jack-welch-says-white-house-manipulates-jobs-data.html">GE Ex-CEO Takes On White House Via Twitter Over Jobs Data</a> - Jobless data released, as unemployment supposedly fell in the US to 7.8% - a number that makes absolutely no sense considering the worsening state of the economy, and analysts' projections of an increase to 8.2% from 8.1<br /><br /><a href="http://www.bloomberg.com/news/2012-10-04/how-to-run-your-hedge-fund-from-a-prison-cell.html">How to Run Your Hedge Fund From a Prison Cell</a> - Definitely made me chuckle. At least Horvath is going to prison, though!<br /><br /><a href="http://uk.reuters.com/article/2012/10/05/uk-commodities-gold-idUKBRE8940MT20121005">Analysis - Investors opt for gold ahead of U.S. "fiscal cliff"</a> - The end of this article is absolutely ludicrous. They don't even mention silver anywhere in the article, either, even though it talks plentifully about commodities markets; with the exception of the last line, where <span id="articleText">Koen Straetmans of ING, who prefers equities and real estate apparently, says that both gold and silver are stretched. What a farce. Enjoy the paper money debasement bonanza, subsequent market collapse, and seeing your €295 billion pool vaporize.<br /><br />I'm guessing he's playing it coy and has diversified much of his holdings into PMs.<br /><br /><a href="http://www.bloomberg.com/news/2012-10-04/cantor-lowered-to-junk-by-moody-s-on-capital-markets-pressure.html">Cantor Cut to Junk by Moody’s on Capital Markets Pressure</a> - These ratings agencies never cease to amaze me.<br /><br /><a href="http://www.examiner.com/article/federal-court-rules-favor-of-ndaa"> Federal court rules in favor of NDAA</a> - Of course this was going to happen - Obama picks the damn judges!</span></span><br />
<blockquote class="tr_bq">
<span style="font-size: x-small;"><i><span id="articleText">"</span>Tuesday’s decision was reached by a U.S. Court of Appeals for the 2nd
Circuit motion panel comprised of three judges: Denny Chin, Raymond
Lohier and Christopher Droney, all of whom were appointed by President
Obama."</i></span></blockquote>
<span style="font-size: small;"><a href="http://theautomaticearth.com/Finance/the-imf-inadvertently-condemns-the-eurozone.html">The IMF -Inadvertently- Condemns The Eurozone</a>- Another fine post from theautomaticearth.com discussing a recent interview with IMF economist Oliver Blanchard, who says that the global crisis will continue at least for another 6 years as the decade since it has started is one of the most trying and tumultuous ones we have faced in history.<br /><br /><a href="http://www.testosteronepit.com/home/2012/10/5/the-noose-tightens-on-germanys-success-recipe.html">The Noose Tightens On Germany’s “Success Recipe”</a> - Germany's economy is taking a thrashing - especially domestically. It would seem that even the European financial powerhouse is beginning to feel the effects of global recession/depression, as orders drop, production stalls, and inflation rises.</span><br />
<a href="http://www.blogger.com/goog_1364915473"><span style="font-size: small;"><br /></span></a>
<span style="font-size: small;"><a href="http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/4_What_To_Expect_With_Gold_Assaulting_$1,800_%26_Silver_At_$35.html"> What To Expect With Gold Assaulting $1,800 & Silver At $35</a> - KWN interview with Citi analyst Tom Fitzpatrick and his bullish sentiment for both gold and silver. For this I will simply defer you to some interesting highlights on gold:</span><br />
<blockquote class="tr_bq">
<span style="font-size: small;"><i><span style="font-size: x-small;"><span class="style_1" style="line-height: 22px;">"...we believe that in Q1 of next year we could see gold as high as <b>$2,450 to $2,500</b>..."</span></span></i></span></blockquote>
<span style="font-size: small;">and on silver:</span><br />
<blockquote class="tr_bq">
<div class="paragraph_style_2">
<span style="font-size: x-small;"><i><span class="style_1" style="line-height: 22px;">"We
are looking at the breakout point being just shy of $37.50... When silver puts in a weekly
close above $37.50, that aggressively moves the target to the highs of
last year and extremely close to the high set back in 1980, that target
for silver being $49.80.</span></i></span></div>
<div class="paragraph_style_2">
<span style="font-size: x-small;"><i><span class="style_1" style="line-height: 22px;"><br /></span></i></span></div>
<span style="font-size: x-small;"><i><span class="style_1" style="line-height: 22px;">If
we see the move to $2,060 in gold and $49.80 on silver, that suggests a
significant outperformance for silver. If those moves were to take
place in tandem, we would see a very nice 15% move in gold, but the
silver move would be roughly 40%. So it does suggest over the coming
months that the market will see significantly money flows into silver."</span></i></span></blockquote>
<span style="font-size: small;"><a href="http://www.financialsense.com/contributors/ryan-jordan/silver-the-peoples-metal">Silver - The People’s Metal</a> - I wanted to link this here because I think it's one of the most succinct and well-written articles tying social, political and economic conditions to silver as a rare and precious resource whose peak supply is coming ever-closer at an accelerating rate. Check out his book <a href="http://www.amazon.com/exec/obidos/ASIN/1478230967/financialsenseon"><i>Silver - The People's Metal</i></a>.<br /><br />Again, apologies for the delay, I was bogged down with real-life commitments and was temporarily partially cut off from the blogosphere to an extent where it impeded my ability to compile these articles in a timely and efficient fashion.<br /><br />As always, stay tuned for my next installment!<br /><br />Oh, and so as to close with another video (a trend I would like to continue throughout these compilations), here's an interesting one that cropped up yesterday. It is in regards to the Venezuelan elections, which are taking place tomorrow, and will help to shape the future of not only the country but the rest of Latin America - who have rallied behind Hugo Chavez in the years he has been in power.<br /><br />To accompany, please see <a href="http://rt.com/news/venezuela-elections-chavez-washington-816/">this opinion piece</a> - which sums up pretty much all of my views on Venezuelan politics. I'm critical of Chavez in many ways, but between the two candidates he is, in this author's opinion, clearly the only hope Venezuela has of maintaining sovereignty and independence in the face of US imperialism.</span><br />
<br />
<span style="font-size: small;"> </span>
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="360" src="http://www.youtube.com/embed/sSaGuLamfgs" width="480"></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-62516968511989416682012-10-06T12:00:00.001-07:002012-10-06T12:00:19.999-07:00Venice Latest In Europe To Seek IndependenceVenice joins Scotland and Cataluñia as the latest region in Europe to declare their desire for independence from the nation to which they belong - Italy, the UK and Spain, respectively. Thousands gathered at a rally in Venice to proclaim their support for Venetian independence.<br />
<br />
The man in the video, politician and professor of economics at Ca' Foscari University of Venice, Lodovico Pizzati claims that if they separated Venice "<i>would be the second-richest country in Europe after Luxembourg"</i>.<br />
<br />
Take a look at the video from <a href="https://www.youtube.com/watch?v=CbVIo8_lN2M">RT News</a>:<br />
<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/CbVIo8_lN2M" width="420"></iframe>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-32018940558903226312012-10-05T23:19:00.002-07:002012-10-05T23:19:47.988-07:00Living On The Edge<span class="userContent">It would seem to me that when it comes to
religion, politics, and other sensitive subjects people tend to get
offended not necessarily because what you say is actually offensive, but
rather because it makes them realize there is another side of the coin.
Even to label something offensive is disingenuous as what offends one
may resonate deep truth within another. Everything is about perspective,
an</span>d when you are afraid to change your perspective this is most often where those sentiments of insult come from.<br />
<div class="text_exposed_show">
<br />
I will add a small caveat and say that there are, of course, things in
this world that could be deemed egregiously offensive not out of a fear
of differing views, but rather out of attacks on your humanity and
spirit - on things you can't change. On who you are. Things meant to
degrade, demean and disrespect, rather than to inspire thought.
Diatribes, if you will.<br />
<br />
However, aren't those, too, all relative? Even that is subject to the perspective of the individual.<br />
<br />
I digress...<br />
<br />
Being exposed to the other side of the coin can makes one see that
there is another opinion that differs from theirs, and it can scare
them. It scares them because it means they will have to delve deep
inside of themselves, and maybe even mean that they have to go through a
long and arduous process of questioning and restructuring current
beliefs, or even develop and discover an entirely new system of beliefs.
It can be mentally exhausting, and mental exhaustion takes its toll
both short and long-term. Thus, it can be quite a daunting concept to
question one's own beliefs - and this seems more true the longer those
beliefs have been held by the individual.<br />
<br />
When you cling to a
belief system simply because you are afraid of exploring alternatives
you do yourself a disservice. When you take offense to something so
personally it is because somewhere deep inside what that person is
saying rings true (see caveat) - otherwise, it would be a mere absurdity
that you could laugh off or disregard without any negative physical or
emotional effect.<br />
<br />
But is it not best to face our fears head on?
Is that not when the most progress in terms of personal, professional
and spiritual growth are achieved? Are we so determined to label the
world as one thing or another that we will disregard all
logic-substantiated arguments to the contrary? (The key words, of
course, being logic-substantiated). Is it not best to embody humility
and admit when we may have been wrong?<br />
<br />
I can honestly say that I
have weighed both sides of the coin in my beliefs because I believe
it's the only way to truly come to understand what belief system rings
true deep inside you. I am not afraid if, at some point, I reassess and
determine that I was wrong. I can also say that throughout my life I
will continue to look at the heads and tails of things in order to
maintain a third perspective beyond those two options - objectivity. The
edge of the coin, if you will.<br />
<br />
I suppose, to conclude rather simply, that I can surmise that I like to live on the edge. Comme ça, je suis à l'aise. Et vous?</div>
Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-82269843027723615392012-10-05T07:24:00.002-07:002012-10-05T07:27:37.898-07:00Genocidal Monsanto Wins Again - EFSA Rejects French Study On Monstanto's NK603 Corn With No Explanation<div class="separator" style="clear: both; text-align: center;">
<span style="font-size: small;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7c4npTrLkzKvOvP4NXT2fmQMRUkwANpIy5I4yvVAkBl8cblSCDDKBDpC7A26f940DdAlV8YzEEGVfb4o_I7Tqk8RdpJcaHjRRp-d3jXHbU_CMum4g06ZhJUb2DQONGp1-eArQWUHtd8k/s1600/EUsideswithMonsanto.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="66" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7c4npTrLkzKvOvP4NXT2fmQMRUkwANpIy5I4yvVAkBl8cblSCDDKBDpC7A26f940DdAlV8YzEEGVfb4o_I7Tqk8RdpJcaHjRRp-d3jXHbU_CMum4g06ZhJUb2DQONGp1-eArQWUHtd8k/s400/EUsideswithMonsanto.png" width="400" /></a></span></div>
<h5 class="uiStreamMessage userContentWrapper" data-ft="{"type":1,"tn":"K"}">
<span style="font-size: small;"><span style="font-weight: normal;"><span class="messageBody" data-ft="{"type":3}"><span class="userContent">I'm incredulous. Not only did the EFSA today outright reject the findings of the 2-year French study that was recently released on NK603 GMO corn from Monsanto(which is somewhat understandable, as the data is incomplete - which doesn't detract from the validity of the findings in this author's opinion, and at the very least demonstrates that it should beget further extensive testing, study and analysis) and its effects on rats over a 2-year lifespan, but they also failed to provide a satisfactory explanation as to why they rejected it beyond "we don't think it's good science".<br /><br />It also bears mentioning that Russia used the study as a partial justification to completely ban NK603 corn in the country. Hungary culled all of the GMO corn being grown in the country and has a ban on GMO foods, as well - although that wasn't directly related to this study. So, too, have Germany, Greece, Austria, Luxembourg and the UK banned GMO foods out of concern over the safety of the products.</span></span></span></span><br /><span style="font-size: small;"><span style="font-weight: normal;"><span class="messageBody" data-ft="{"type":3}"><span class="userContent"><br />Thankfully,
the <a href="http://jthomsworld.blogspot.ca/2012/09/new-gmo-study-demonstrates-drastic-and.html">French study</a> on the safety of GMO corn has indeed sparked much further interest in studying the
effects of GMO products - including a Russian study that will broadcast
their study live 24/7 for purposes of complete transparency.<br /><br />The lead scientist conducting the research, Gilles-Eric Seralini, had this to say:<a name='more'></a></span></span></span></span></h5>
<blockquote class="tr_bq">
<span style="font-size: x-small;"><b><i>"It is absolutely scandalous that [the EFSA] keeps secret the information on which they based their evaluation [of NK603],”</i> he said. </b></span><br />
<span style="font-size: x-small;"><b><br /></b></span>
<span style="font-size: small;"><span style="font-size: x-small;"><b><i>"In any event, we will not give them anything. We will put the information in the public domain when they do,"</i> Seralini said in an AFP report.</b></span></span></blockquote>
<span style="font-size: small;">While I understand the sentiment behind his comments, I also feel it a bit rash to completely refuse to provide information unless the EFSA does as well. It does beg the question - are they hiding something? My gut tells me no, and that this is a knee-jerk reaction to the seemingly scandalous decision to reject the study outright; however, in these types of situations where the health of millions of people around the world are at stake, one must be able to put aside anger and frustration in order to accomplish the goals the study set out to achieve in the first place.<br /><br />I sincerely hope that he comes to his senses on the matter. This isn't about you having your feelings hurt, Seralini. It is about innocent lives that are being affected by a product that is being sold as safe when it is clearly and blatantly toxic. I'm not a religious person, but I must wonder if this is why pride is considered one of the seven deadly sins - and in this case, it's deadly and detrimental to a multitude of people.</span><br />
<h5 class="uiStreamMessage userContentWrapper" data-ft="{"type":1,"tn":"K"}">
<br /><span style="font-size: small;"><span style="font-weight: normal;"><span class="messageBody" data-ft="{"type":3}"><span class="userContent">How ANYONE can say that GMO foods are benign is beyond me. We'll see in
20 years who has cancer/neurological diseases/a multitude of other
health issues and who doesn't. I know many people that continue to
consume GMO foods with absolutely no regard for the completely partisan
science that says they are safe - or indeed, for their own health and well being.<br /><br />I suppose that's the societal apathy towards everything I so often talk about rearing its ugly head once again.<br /> <br /> This sum's up Monsanto's public attitude - but doesn't necessarily speak to the extent of their far more sinister agenda:<br /><div class="text_exposed_show">
<blockquote>
<span style="font-size: x-small;"><b><i>"</i><i>Director of corporate communications for Monsanto, Phil Angell, summed
up his company’s take on the issue in a report by food author Michael
Pollan for New York Times Magazine in 1998: "Monsanto should not have to
vouch for the safety of biotech food. Our interest is in selling as
much of it as possible. Assuring its safety is the FDA's job.""</i></b></span></blockquote>
Yeah, you have no moral or ethical responsibility at all to your
consumers to make sure the food you're engineering is safe. That's
completely logical.<br />
<br />
Excuse me while I make some cookies with
bleach and insecticide. $5 a cookie, taking orders now! Don't worry, I'm
sure the FDA will give me approval at some point... In the mean time, I
won't worry. After all, it's not my job to make sure what I sell you is safe ;)<br />
<br />
Check out this article from <a href="http://rt.com/news/corn-study-gm-french-711/">RT News</a> on the matter.</div>
</span></span></span></span></h5>
Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0tag:blogger.com,1999:blog-5665753872898733536.post-5071411267562898432012-10-04T22:07:00.003-07:002012-10-04T22:07:59.623-07:00Daily Reading Material Compilation 2.0<span style="font-size: small;">Here are some of the things I've read for the day. I'll start doing these kinds of posts on a daily basis (or at least the days I log on to post) so people can check out articles that I've read.</span><br />
<span style="font-size: small;"><br />This way, I can invest my time into putting focus on bigger articles about issues I find more important. Time is an elusive thing these days as they seem to be going by faster and faster.<br /><br />In any case, enjoy!</span><br />
<br />
<span style="font-size: small;"><a href="http://www.infowars.com/whole-foods-censors-gmo-expose/">Whole Foods Censors GMO Expose?</a> - GMO products are being sold in Whole Foods stores, who had purported to sell only organic produce in their stores</span><br />
<span style="font-size: small;"><br /><a href="http://www.silverdoctors.com/rob-kirby-the-genesis-of-the-libor-crisis/">Rob Kirby: The Genesis of the LIBOR Crisis</a> - Amazing breakdown of how the Fed/Treasury colluded with JPMorgan in 2007 to attempt to restart the stalled financial markets after the sub-prime mortgage crisis - which ended up having the effect of dropping short-term T-Bill rates a staggering <b>200 basis points</b> from 5% to 3%. This, in turn, helped to catalyze (or perhaps stoke further) LIBOR manipulation.</span><br />
<span style="font-size: small;"><br /></span>
<span style="font-size: small;"><a href="http://ht.ly/edggp">Exclusive: Banks Fire Warning Over Fines</a> - bankers threatening to collapse the economy - again?</span><br />
<br />
<span style="font-size: small;"><a href="http://www.goldcore.com/goldcore_blog/mugabenomics-zimbabwe-uk-gold-good">'Mugabenomics' From Zimbabwe To The UK - "Gold Is Good"</a> - "US economy is in a recession and may be on the verge of a Depression." What will come out safe? PMs!</span><br />
<span style="font-size: small;"><br /><a href="http://www.zerohedge.com/news/2012-10-02/currency-debasement-social-collapse-4-case-studies">From Currency Debasement To Social Collapse: 4 Case Studies</a> - This article blew my mind. Periods throughout history when currency debasement has caused debasement of society and deterioration of trust amongst everyone - Third Century Rome (Christians Persecuted), Medieval Europe (Witches Persecuted), The French Revolution (nobles and counter-revolutionaries persecuted, 1920s Germany (Jews ultimately persecuted) - all preceded by hyperinflationary periods and currency debasement.</span><br />
<span style="font-size: small;"><br /><a href="http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-standard-emerging-in-china/">Signs of the Gold Standard Emerging In China?</a> - Forbes article. Good read.</span><br />
<span style="font-size: small;"><br /><a href="http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-standard-are-emerging-from-germany/">Signs of the Gold Standard Are Emerging From Germany</a> - See a pattern?<br /><br />There were more, but I'll save it for another day.<br /><br />To close, I'll leave you with a video of a 2010 ad from Citizens Against Government Waste (CAGW)</span> to mull over.<br />
<br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/OTSQozWP-rM" width="560"></iframe><span style="font-size: small;"></span><br />
<span style="font-size: small;"><br />Stay tuned for tomorrow's update!</span>Anonymoushttp://www.blogger.com/profile/08695037933847726437noreply@blogger.com0