Aug 12


YouTube Added: 09.08.2013

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May 02

- Welcome to Guantanamo: Obama’s Hunger Striking, Force Feeding Torture Camp (Liberty Blitzkrieg, May 1, 2013):

What’s happening in Guantanamo Bay right now is bad, very bad.  For those of you who aren’t paying attention, 100 of the 166 prisoners at Gitmo are engaged in a hunger strike and some of them are in such dire straights they are being brutally force fed.  No big deal you say? Well the American Medical Association (AMA) disagrees and they are concerned that such treatment is contrary to medical ethics.  In fact, the AMA’s president sent a letter to Defense Secretary Chuck Hagel asking him “to address any situation in which a physician may be asked to violate the ethical standards of his or her profession.”

And yes, this is on Obama. While he blames Congress (as usual) for not closing the facility, in reality all he ever wanted to do was just move it to the United States. The man is a pathological liar.

From Reuters:

Continue reading »

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May 02

- Court Decided it’s OK to Not Hire Cops with High IQs (Liberty Blitzkrieg, May 1, 2013):

I heard about this case a while ago, but never got around to posting it previously.  Amazingly, back in September 2000 the 2nd U.S. Circuit Court of Appeals in New York decided it is lawful for the New London, Connecticut Police Department to not hire Robert Jordan on the basis that he is too intelligent for the job. Unfortunately, I’m not making this up.  While this is more than a decade old, I think everyone should be aware of it.

From ABC News:

A man whose bid to become a police officer was rejected after he scored too high on an intelligence test has lost an appeal in his federal lawsuit against the city.

Continue reading »

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Apr 30

- Political Activists May be Banned from San Francisco’s Public Transportation System (Liberty Blitzkrieg, April 30, 2013):

This article seems innocuous enough…until you keep reading.  At first it appears entirely reasonable that the BART system (Bay Area Rapid Transit) might look to ban riders for a year who act violently while using the service. However; as is becoming increasingly typical these days, what sounds reasonable at first tends to be awful upon deeper inspection.

For example, according to ABC News in San Francisco:

AB 716 won’t only target violent behavior. It can be applied to protestors who have been arrested during free-speech movements.

Continue reading »

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Apr 30

- How the C.I.A. Enriches Warlords, Drug Dealers and the Taliban in Afghanistan (Liberty Blitzkrieg, April 30, 2013):

This article from the New York Times further solidifies the notion that we clearly have no idea what we are doing anywhere, whether it relates to the domestic economy or foreign policy. While the American citizenry remains unemployed and increasingly on food stamps, we are paying tens of millions of dollars to Afghan warlords and drug dealers so that they can build their “dream homes.”  My favorite line is: “the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan.” Makes sense.  We are simply exporting our domestic economic model abroad.

From the New York Times:

KABUL, Afghanistan — For more than a decade, wads of American dollars packed into suitcases, backpacks and, on occasion, plastic shopping bags have been dropped off every month or so at the offices of Afghanistan’s president — courtesy of the Central Intelligence Agency.

“We called it ‘ghost money,’ ” said Khalil Roman, who served as Mr. Karzai’s deputy chief of staff from 2002 until 2005. “It came in secret, and it left in secret.”

Kind of like Corzine at MF Global!

Moreover, there is little evidence that the payments bought the influence the C.I.A. sought. Instead, some American officials said, the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan.

Continue reading »

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Apr 30

- CME President on Gold: “They Don’t Want Certificates, They Want the Real Product” (Liberty Blitzkrieg, April 30, 2013):

What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real  gold.  That’s going to show you, people don’t want certificates, they don’t want anything else.  They want the real product.

– Terrence Duffy, President and Executive Chairman of CME Group Inc,. on Bloomberg TV yesterday (April 29, 2013)

I’m actually still in a state of shock that the head of the CME Group would make such an observation and in such blunt terms.  I mean the guy admits that volume on his exchanges suck, yet basically claims paper gold (one of their marquee products) is becoming irrelevant. In my mind there are two likely explanations for this.  1) This is how he has started to feel personally and he is loading up on physical gold rather than his company’s paper products and would like some cover if that is ever unearthed. 2) This is what people close to the gold market are telling him and he’d rather make it clear he understands that paper is paper and gold is gold and that there is a big difference.  So “caveat emptor” if you are hanging around the COMEX.

His comments on gold come in at the 0:40 mark.  Simply stunning.

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Apr 28

- Baby Taken from Parents for Wanting a Second Medical Opinion (Liberty Blitzkrieg, April 28, 2013):

This is such a disturbing story on so many levels.  If we don’t start standing up for ourselves as a society, pretty soon individuals and families will not be allowed to make any decisions for themselves.  Free will be a thing of the past and “the state” will make all choices for us because, after all, they know best.  Let’s not forget the recent case of a 14 year old arrested for wearing a benign pro-gun t-shirt. I can’t even begin to fathom how traumatized these poor parents are.

From KSDK News:

It all began nearly two weeks ago, when Anna Nikolayev and her husband Alex took their 5-month-old boy Sammy to Sutter Memorial Hospital to be treated for flu symptoms, but they didn’t like the care Sammy was getting.

Continue reading »

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Apr 27

- Welcome to Kreuzberg, Berlin: The Neighborhood with the Highest Bitcoin Concentration on Earth (Liberty Blitzkrieg, April 26, 2013)

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Apr 24

- Teen Arrested at Middle School for Wearing a Pro-Gun T-Shirt (Liberty Blitzkrieg, April 24, 2013):

This story perfectly demonstrates what a totally sad society we have become. We can’t arrest a single banker or political crook, but heaven forbid a 14 year old wears a shirt that expresses support for the Second Amendment.  Arrest that infidel immediately!  We discover that:

A West Virginia teen arrested and accused of nearly inciting a riot after a confrontation with a teacher over his National Rifle Association t-shirt has inspired dozens of students across his county to wear similar apparel in solidarity.

Jared Marcum, 14, had a confrontation Thursday with a Logan Middle School teacher over his NRA t-shirt, which bears the organization’s logo, along with an image of a hunting rifle and the phrase, “Protect your right.”

Marcum’s lawyer, Ben White, said that when the teen was told to remove the shirt or turn it inside out, he attempted to engage the teacher in a debate.

“Jared respects firearms and has training to use them, and believes in the Second Amendment,” White told ABCNews.com. “He believes it’s being threatened by current legislation. He wore [the shirt] as an expression of political speech and the need to protect the Second Amendment.”

Marcum was eventually arrested and taken away by police after refusing to remove the shirt. White said that when police told the teen they were going to arrest him, he stuck his hands out and said, “Fine.”

Continue reading »

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Apr 24

- McDonald’s Hamburger Looks the Same…14 Years After Purchase! (Liberty Blitzkrieg, April 23, 2013):

I’ve heard rumors about this before, but figured it was just an urban legend.  Apparently not!  So Utah resident, David Whipple, originally decided he wanted to save a McDonald’s burger for a couple of months to see what would happen.  It didn’t decompose at all. Then he forgot about it in a coat pocket for a year or so until his wife accidentally found it.  Still no change.  So he decided to save it even longer.  Now, 14 years later, he has informed the world that amazingly it still looks the same.

From the Daily Mail:

A Utah man has unearthed a McDonald’s hamburger he bought in 1999 – and the sandwich looks exactly the same as the day it was first flipped.

David Whipple kept the fast food meal for a month to show friends how the preservative-packed hamburger would keep its composure.

‘My wife didn’t discover it until at least a year or two after that,’ he said. ‘And we pulled it out and said “oh my gosh. I can’t believe it looks the same way.”‘

However, even he was shocked to see that the hamburger still looks the same a whopping 14 years later.

The burger had no signs of mold, fungus or even a strange odor, the show’s hosts said. The only thing that had changed over the years was that the pickle had disintegrated.

Whipple, who still has the original receipt for the burger, said he now shows the sandwich to his grandchildren to encourage them to eat healthily.

Who needs canned beans, spam and freeze dried food when apparently all you need are Happy Meals?

Full article here.

In Liberty,
Mike

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Apr 23

- Mayor Bloomberg Wants to “Reinterpret the Constitution” After Boston Bombings (Liberty Blitzkrieg, April 23, 2013):

“The people who are worried about privacy have a legitimate worry,” Mr. Bloomberg said during a press conference in Midtown. “But we live in a complex word where you’re going to have to have a level of security greater than you did back in the olden days, if you will. And our laws and our interpretation of the Constitution, I think, have to change.”

“Look, we live in a very dangerous world. We know there are people who want to take away our freedoms. New Yorkers probably know that as much if not more than anybody else after the terrible tragedy of 9/11,” he said.

From the quotes above it has become quite clear that NYC Mayor Michael Bloomberg is just playing his typical role in the aftermath of a national tragedy.  That is to immediately manipulate it to justify his civil liberties snatching agenda and “sell the population” on implementing a total police state like the one he is eagerly putting in place in NYC.  He says “we live in a very dangerous world.”  Ok…well the world has always been very dangerous, so thanks for the tip.  However, the worst part is that he states “there are people who want to take away our freedoms.”  So I guess the answer to that is to let Bloomberg take them away before the “terrorists” have a chance to.  What a total authoritarian this guy is.  He is doing exactly the opposite of what security expert Bruce Schneier implored us to do in the wake of Boston.

The best writeup of this story I have seen is by Tim Cushing of Tech Dirt. Below are some excerpts: Continue reading »

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Apr 21

- Professor Fekete on the Gold Smash: “Who Said the Hydra Would Take it Lying Down” (Liberty, Blitzkrieg, April 19 2013):

Ostensibly a lower gold price would solve the problem Bernanke has. Demoralized gold bugs would be forced out of their holdings through margin calls. Disillusioned investors would shun gold. This would make physical gold available to rescue the strapped gold futures market.

In fact, however, a lower gold price is making the problem more intractable, not less. The Fed is diving from the frying pan into the fire. This is the point missed by almost all observers and market analysts. They ignore the underlying flight into physical gold that continues unabated, in spite of (or, better still, because of) the panic in the paper gold market. The Fed’s intervention in bankrolling short interest is going to back-fire, for the following simple reason. The Fed’s strategy is inherently contradictory. A lower price for paper gold makes it easier, not harder, to demand delivery on maturing futures contracts.

- Professor Antal E. Fekete

Of all the articles I have read since the attack on the precious metals markets, this piece by Professor Fekete is the best one yet. I completely agree that this was an extremely desperate and brazen attempt by the Central Planners, one that is quite clearly backfiring big time.  My favorite excerpts are below:

In waking up too late that there was a problem after gold futures markets have been flirting with backwardation for a year or so, officialdom was forced to act. Act it did in a typically haphazard fashion. A few days ago, on April 12 and 15 the paper gold market was demoralized by a ferocious attack on the lofty gold price. This in and of itself is proof that Bernanke is fully aware that permanent gold backwardation is imminent, and that it will create and unmanageable situation. It’s got to be stopped in its track at all hazards.

Well, well, well. Gold is not the same as frozen pork bellies after all. The Hydra is not taking it lying down. The kid gloves have finally come off.

Continue reading »

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Apr 21

- Chinese Gold & Silver Exchange Society Runs Out of Gold…Importing from Switzerland and London (Liberty Blitzkrieg, April 19, 2013):

Hong Kong’s Chinese Gold & Silver Exchange Society has been in operations for over a century, and it’s President Haywood Cheung was interviewed by Bloomberg news earlier today.  Whoever orchestrated the attack on gold and silver in the last week or so has gravely miscalculated, since the response to the drop has been surging demand for physical gold and silver.  While I tend to be skeptical when I hear about silver shortages since these reports have been so exaggerated in the past, the lack of silver coin availability and premiums are the most extreme I have seen since the financial and economic meltdown of 2008.  Now we discover that the Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London.

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Apr 21

- How Hospitals Profit from Making Mistakes (Liberty Blitzkrieg, April 18, 2013):

One of the many things holding the nation back at the moment is the complete lack of incentive to be a creative, productive and honest member of society versus the tremendous incentive to be a corrupt, thieving, lackey for the establishment.  In a free market system, with a strict set of rules governing the game that is applied to everyone equally, market signals and incentives exist for companies to create a great product and to meet customer needs with great service.  In contrast, within a crony capitalist system, the primary incentive is to get as close as possible to political and corporate power in order to financially benefit from their oligarchical ownership of the controlled economy.

It is only within a completely disconnected from reality, crony, fraudulent economy where you could have a situation in which hospitals actually earn much larger profit margins from making mistakes and harming their patients, than from providing excellent care.  We learn from the New York Times that:

Hospitals make money from their own mistakes because insurers pay them for the longer stays and extra care that patients need to treat surgical complications that could have been prevented, a new study finds.

Changing the payment system, to stop rewarding poor care, may help to bring down surgical complication rates, the researchers say. If the system does not change, hospitals have little incentive to improve: in fact, some will wind up losing money if they take better care of patients.

Continue reading »

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Apr 18

- Fraud Alert: FDA Allowed Drugs with Fraudulent Testing to Remain on the Market (Liberty Blitzkrieg, April 17, 2013):

I’ve said it before and I’ll say it again. Essentially the entire U.S. economy is one gigantic fraud.  No one has honor anymore in this society, it is a totally forgotten and discarded virtue.  The ethos of the land is to take whatever you can however you can.  It doesn’t matter who you hurt or what sorts of immoral acts you need to do to get it.  One of the key dynamics that allows for such blatant theft is that the regulatory agencies that are supposed to protect us are in fact gatekeepers from the criminals in their respective industries.  In the financial area, this manifests with the SEC and CFTC revolving door to Wall Street.  In healthcare, it manifests with the FDA.  I’ve highlighted the FDA’s shadiness previously, most notably in my piece:  The FDA is Caught Spying on its Employees and Creating an “Enemies List.”  Now in this latest story, we find how little the FDA concerns itself with public health.

From Pro Publica:

On the morning of May 3, 2010, three agents of the Food and Drug Administration descended upon the Houston office of Cetero Research, a firm that conducted research for drug companies worldwide.

Continue reading »

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Apr 18

- Ring the Bell for Manhattan Real Estate: Calpers Buys the Top Again (Liberty Blitzkrieg, April 17, 2013):

The dumbest of the dumb money has finally decided now is the time to buy Manhattan apartments.  The California Public Employees’ Retirement System (colloquially known as Calpers) just loves taking assets off of other people’s hands at the top.  Let’s not forget the 10,200-acre desert site in Arizona they bought for $400 million in 2006, which was then sold for $32.5 million in 2011.  Well the not so savvy managers of California’s retirement funds are at it again, once again paying the sum of $400 million, but this time for 345 apartments in Manhattan’s wildly overinflated real estate market.  If there was ever the equivalent of a bell ringing at the top this has to be it.

From Bloomberg:

The California Public Employees’ Retirement System bought 345 apartments in two adjacent Manhattan towers from a partnership including Carlyle Group LP (CG), gaining rentals in New York as lease rates approach a peak.

Continue reading »

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Apr 16

- Paul Krugman Goes on the Attack: Calls Bitcoin “Antisocial (Liberty Blitzkrieg, April 15, 2013):

Anyone on the fence with regard to Bitcoin should consider coming to the side of supporting it after reading Paul Krugman’s ridiculous and riddled with errors hit-piece in the New York Times this weekend.  The key tipoff as to where he is coming from in this absurd editorial is in the title itself in which he calls Bitcoin an “antisocial network.”  Anti-social is one of the most favored collectivist/fascist terms and concepts of all time.  A term meant to demonize those in a particular society that think for themselves rather than conform to whatever the oligarchs or dictators in charge of the state deem appropriate or “social.”  Jews would have been seen as “antisocial” in Nazi Germany, just as anyone with glasses would have been deemed “antisocial” in Pol Pot’s Cambodia.  This is a very dangerous term and one that is intended to guilt people into the acceptance of a stale, authoritarian and conformist society.

Now let’s get to some of the more ridiculous passages from his editorial.  From the New York Times:

The economic significance of this roller coaster was basically nil. But the furor over bitcoin was a useful lesson in the ways people misunderstand money — and in particular how they are misled by the desire to divorce the value of money from the society it serves.

The similarity to goldbug rhetoric isn’t a coincidence, since goldbugs and bitcoin enthusiasts — bitbugs? — tend to share both libertarian politics and the belief that governments are vastly abusing their power to print money. At the same time, it’s very peculiar, since bitcoins are in a sense the ultimate fiat currency, with a value conjured out of thin air. Gold’s value comes in part because it has nonmonetary uses, such as filling teeth and making jewelry; paper currencies have value because they’re backed by the power of the state, which defines them as legal tender and accepts them as payment for taxes. Bitcoins, however, derive their value, if any, purely from self-fulfilling prophecy, the belief that other people will accept them as payment.

This paragraph is so riddled with blatant errors it is almost difficult to know where to start.   Continue reading »

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Apr 16

- 500 Tons of Paper Gold Dumped on Friday, What’s Next? (Liberty Blitzkrieg, April 14, 2013):

I wish I knew the answer to the above question.  As of the last year or so, I admittedly have not had a good feel about the direction of gold and silver prices.  I always thought that as things got more severe and more terminal, the prices of assets we see on our screens would be more and more quite intentionally disconnected from the reality on the ground due to increasingly aggressive, desperate and coordinated action by the power structure.  Looking back, it seems this really got underway in the fall of 2011, shortly after the U.S. treasury market was downgraded and gold shot up to over $1,900/oz.  I have gradually recognized my inability to call things in such manipulated financial markets, which is why I decided to step away and offer less commentary on these topics as things play out in the end game.

I do not think it is at all coincidental that Bitcoin and gold  (two currency threats to Federal Reserve power) both got smashed within a couple days of each other.  In the case of gold, it was a day after Obama had a private meeting with all of the key bankster oligarchs that 500 tons of paper gold, or about 25% of annual production was sold on the market.

As such, I think the interview below from Marin Katusa of Casey research is a great listen for anyone wanting to take a step back and look at the market. Enjoy!

Don’t miss:

- Dr. Paul Craig Roberts: The Assault On Gold – Assault On Gold UPDATE:

Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday.

Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money?

What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000.

Who can afford to lose that kind of money? Only a central bank that can print it.

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Mar 28

Bon appétit!


- Food Fraud Hits a New Low with the Potential Emergence of Dog Meat in the UK (Liberty Blitzkrieg, March 28, 2013):

The food fraud story has now progressed from somewhat humorous with the undersized Subway footlong subs, to the highly disturbing with the revelations of horse meat and fake tuna, to the really creepy with the now potential emergence of dog meat in UK lamb curry.  No you can’t print lamb folks, which is exactly why many humans are now eating worse than their pets in the Western world.

A mystery meat, which has defied the best efforts of scientists to identify it, has been found in a lamb curry as part of an investigation into food fraud.

The discovery raises new questions about just what is going into the nation’s takeaways and processed foods.

The meat in a Beef in Black Bean Sauce dish turned out to contain high levels of chicken material including blood, while a burger contained no beef at all, other than blood and heart.

However, most alarming of all was a curry. A spokesman for the programme said: ‘Just when we thought things couldn’t get any worse, the results came in for an Indian Lamb Curry.

‘It did contain meat, but that meat was not lamb, not pork, nor was it chicken or beef. Not horse, and not goat either.

All of the many tests to date by the lab used by the programme have failed to identify exactly which animal was the source of the meat.

Continue reading »

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Mar 27

- Income Growth For Bottom 90% In America Since 1966 Is… $59! (Liberty Blitzkrieg, March 26, 2013):

We’ve all seen these statistics before in one form or another, but David Cay Johnston does an excellent job going into more detail for us in an article he published late last month.  As he correctly notes, when things get extreme like this you ultimately end up with extreme social unrest.  Furthermore, as I have pointed out for years and years, this kind of disparity does not happen under free markets with rules and regulations applied equally to all.  It happens under totalitarian societies, whether fascism, communism or crony capitalist corporatism (which is the model in the USA).  It only happens when a very small oligarch class takes over the political process of a nation and then uses it to game the system.

Continue reading »

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Mar 26

- Mayor Bloomberg On Drones: “Oh It’s Big Brother, Get Used To It” (Liberty Blitzkrieg, March23, 2013):

While hosting his weekly radio show this past Friday, Your Royal Highness Mayor Michael Bloomberg explained to the serfs of NYC that privacy is dead and that you just “can’t keep the tide” of the surveillance state from coming in.  His quotes perfectly demonstrate the attitude he takes toward his subjects and are quite revealing.  For instance:

“Everybody wants their privacy, but I don’t know how you’re going to maintain it.  It’s just we’re going into a different world, uncharted, and, like it or not, what people can do, what governments can do, is different. And you can to some extent control, but you can’t keep the tides from coming in.”

“The argument against using automation, it’s this craziness– oh, it’s Big Brother. Get used to it.”

As if that isn’t bad enough, it also become 100% crystal clear that this guy wants to fill the skies of NYC with “freedom birds.”  He sees absolutely no problem with it at all.  In his own words:

“But what’s the difference whether the drone is up in the air or on the building? I mean intellectually I have trouble making a distinction. And you know you’re gonna have face recognition software.  People are working on that.”

“We’re going to have more visibility and less privacy. I don’t see how you stop that. And it’s not a question of whether I think it’s good or bad. I just don’t see how you could stop that because we’re going to have them.”

Here’s how you stop it.  It’s called The Constitution of the United States of America, a document I’m not convinced you have ever bothered to read.

This whole thing comes across as a gigantic Jedi mind trick to me.  ”It’s inevitable you will lose your freedoms.  Resistance is futile.  Just accept it.”  Sadly, unlike the proud citizens of Seattle, New Yorkers are still too traumatized from 9/11 to get off their knees.

Finally, we discover who and what Bloomberg is really trying to protect with all the cameras: Continue reading »

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Mar 23

- Texas Moves to Repatriate its Gold from the Federal Reserve (Liberty Blitzkrieg, March 22, 2013):

This is one of the most interesting stories I have read regarding the precious metals market in quite some time.  It appears that Texas Rep. Giovanni Capriglione has a bill in play that would move the state’s gold from New York (where its under the “safekeeping” of the ultra shady Federal Reserve) to a depository within the state of Texas itself.  The reason this would be such a big deal if it happens, is because a lot of the gold bought and sold globally is very likely not actually owned by those that “buy” it.  From my perspective, pretty much the only countries that actually buy gold and bring it within their borders are China, Russia and Iran.  Most other nations that claim they “bought” gold, most likely hold a certificate that states they have gold in London or New York.  So in other words, they have no gold.  It looks like Texas is wising up.  From the Star-Telegram:

Freshman Rep. Giovanni Capriglione, R-Southlake, is carrying a bill that would establish the Texas Bullion Depository, a secure state-based bank to house $1 billion worth of gold bars owned by the University of Texas Investment Management Co., or UTIMCO, and stored by the Federal Reserve.

“If you think gold is a hedge, or a protection, you always want it as close to the individual and the entity as possible,” Paul told The Texas Tribune on Thursday.” Texas is better served if it knows exactly where the gold is rather than depending on the security of the Federal Reserve.”

You’ve gotta love Ron Paul.  The guy is still raising hell even after he left Congress.

Continue reading »

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Dec 07

- Gun Sales Surge: Smith & Wesson Announces Sales +48% (Mike Krieger of Liberty Blitzkrieg blog, Dec 6, 2012):

I have maintained for quite some time that the only true “consumer confidence” statistic one should look at is that of gun sales.  The bottom line is people do not hoard guns when they are confident about the future of the country, and gun sales have never been better.  More evidence emerged as Smith & Wesson just announced record financial results.  From the company’s press released announced after the market close:

Net sales from continuing operations for the second quarter were a record$136.6 million, up 48.0% from the second quarter last year. The increase was led by continued strong sales across all of the company’s firearm product lines, including M&P™ branded products, such as pistols, modern sporting rifles, and the recently launched Shield™ pistol designed for concealed carry and personal protection.

Not only that, but they think the future is equally confident…for gun sales at least.

Continue reading »

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Nov 29

“This is the greatest bank robbery in world history and the banks are doing the robbing.”
- Gerald Celente



YouTube Added: 26.11.2012 

Description:

Watch the first two ‘Madness’ micro-docs:

Madness 1:
http://www.youtube.com/watch?v=fOshw4kIGR4

Madness 2:
http://www.youtube.com/watch?v=WRvjufH29vE

Another ‘Black Friday’ has come and gone. And it has left us with further evidence of the complete madness of the populace of our nation. America has been dealt a fatal blow by corporate greed, Bankster malfeasance and the insidious nature of collectivism — and it’s all been done to us by design.

The once proud and independent people of the United States have, in large part, been reduced to servants of the State. As Aldous Huxley famously noted, “People can actually be made to LOVE their servitude.”

Featuring Mike Krieger, Rob Kirby, Chris Duane, Gerald Celente, Bill Murphy and many others, ‘Madness 3′ offers one last ‘fair warning’ for those with the eyes to see and the ears to hear. Continue reading »

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Nov 22

- Food Banks in the U.S. Running Low on Supplies… Ominous Sign for 2013 (ZeroHedge, Nov 22, 2012):

This is a very interesting yet ominous article from Reuters about the current food bank situation in these United States.  As a result of the drought this summer the Federal government ended up buying less food than normal, and because this excess food is used to provide assistance to the poor in many cases, there simply may not be enough to go around.  This sets up a potentially tragic situation as we head into 2013, and is likely to bring heightened social unrest to our shores as I outlined in my recent article The Global Spring.

From Reuters:

The worst U.S. drought in more than half a century has weakened the safety net for the 50 million Americans who struggle to get enough to eat, and the nation’s food banks are raising the alarm as the holiday season gets into full swing.

Executives at major food banks across the United States worry they will not be able to keep pace with demand, which they don’t expect to ease until more Americans find better paying jobs. In a sign of how stressed the budgets of many Americans are, a record 47.1 million people used food stamps in August 2012, up from 45.8 million the year earlier.

With such pressures at work,on-hand supplies at the Los Angeles Regional Food Bank have fallen from a peak of about 3.3 weeks in 2010 to less than two weeks – the lowest in recent history, according to its president and CEO, Michael Flood.

Tightening food supplies last summer forced the food bank to start a waiting list because it does not have enough inventory to expand beyond the 640 agencies it already supplies with food. There are now 565 nonprofits on the waiting list, Flood said.

Continue reading »

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Oct 15

- Mike Krieger Topples The Last Domino (ZeroHedge, Oct 12, 2012):

Whenever you find yourself on the side of the majority, it is time to pause and reflect.
- Mark Twain

I think we’re being run by maniacs for maniacal ends and I think I’m liable to be put away as insane for expressing that.
- John Lennon (watch the video of Lennon actually saying it here)

We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.
- Abraham Lincoln

The Last Domino
With the U.S. Presidential election less than one month away, I think it’s a good time to take stock on what has occurred in 2012 so far and look forward to the period ahead, which I think will be one of increasing social and economic chaos in the United States. Continue reading »

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Jul 02

- The MK2 Grenade: Mike Krieger And Max Keiser Take On The World Of Financial Crime (ZeroHedge, July 2, 2012)

There is a reason why WWII legendary “pineapple” grenade bore the initials MK2. Those who enjoy the works of Mike Krieger and Max Keiser are in for a treat, with this 2 for the price of 1 (technically for the price of zero) interview of Krieger by Keiser, as the MKs of the world unite, and take on financial fraud.

From Mike Krieger of Libertyblitzkrieg:

In case you missed it, Josh Brown recently published a list via the Huffington Post of what he believes are the 25 most dangerous people in financial media.  He definitely got the first two slots correct.  At the very top are Max Keiser and Stacy Herbert, who unrelentingly publish their “Financial War Reports” daily here.  At the number two position, is Zerohedge, the best financial site on the web.  I have been fortunate enough to have collaborated with Max, Stacy and Zerohedge for the past two years and it has been an extremely rewarding experience.  To get to the point, below is my just released latest interview on the Keiser Report.  I think it’s the best one we’ve done in a while.  Enjoy!


YouTube

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Nov 18

- Mike Krieger Exposes The Three Card Monti (ZeroHedge, Nov. 17, 2011):

Submitted by Mike Krieger of KAM LP

We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years.  It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.
– David Rockefeller

The interests behind the Bush Administration, such as the CFR, The Trilateral  Commission — founded by Brzezinski for David Rockefeller — and the  Bilderberger Group, have prepared for and are now moving to implement open world dictatorship within the next five years. They are not fighting against terrorists. They are fighting against citizens.
– Dr. Johannes B. Koeppl

Chancellor Angela Merkel said that Germany is ready to cede some sovereignty to strengthen the euro area and restore confidence in the common currency…“Germany sees the need in this context to show the markets and the world public that the euro will remain together, that the euro must be defended, but also that we are prepared to give up a little bit of national sovereignty,” Merkel said. Germany wants a strong EU and a euro “of 17 member states that is just as strong and inspires confidence on international markets.”
– Bloomberg article November 16, 2011 http://www.bloomberg.com/news/2011-11-16/merkel-says-germany-ready-to-ce…

Three Card Monti

Just like the con (confidence) game Three Card Monte through which people have been swindled out of their hard earned money in alleyways and street corners all over the world for half a millennium, the previously sovereign nations of Greece and Italy have now officially been placed into the receivership of “technocratic governments” and are now in the final phase of their looting.  It truly is sad to watch these proud nations whose histories form the very core of Western civilization be taken down one by one but what is even more nauseating is watching the corporate media pundits, Wall Street analysts and financial experts cheer the news because it is ostensibly “good for markets.”  First of all, it doesn’t take a genius to see that the people that screw up the most get promoted and advanced in the Western world’s current political/economic structure.  The primary reason for this is that there is a very serious agenda of TPTB and that consists on using crisis to consolidate power in a one-world government, headed by a global central bank that issues a global fiat currency.  People have been saying this on the fringe for decades and have been called conspiracy theorists the whole time but if you look at how things are progressing today you’d have to be asleep to not notice that the guys in charge are completely and totally determined to bring this sick, twisted dream into place.  That is why the agenda moves forward despite the repeated, desperate cries of the citizenry for them to stop.

Let’s take a look at Mario Monti, the “soft” dictator that has been thrust upon the people of Italy by TPTB.  He is a member of the Bilderberg Group, he is the European Chairman of the Trilateral Commission (a think tank founded by David Rockefeller in 1973, see quote at the top) and is international advisor to none other than Goldman Sachs.  This guy was put into place by design.  Anyone in Italy that thinks they achieved a victory in by ridding themselves of Berlusconi you better think again.  You just got the biggest insider, crony financial terrorist around put in charge of your country without having a say in it.  Even for someone like me that expects these things, I am amazed by how badly Italy was just screwed.  Speaking of the unreported coup that just happened in Italy I will let my friend Jared Dillian of the Daily Dirtnap add his two cents.  From his piece today:

So I read recently that Italy wasn’t going to have elections because of “market crisis” or something like that, and I am the last guy who should be writing about this, since I know very little about political systems in any European country, for example, how can you just announce or not announce an election? Aren’t these things on a schedule? So already I don’t know what I am talking about. But I am worried about Greece and Italy that have chosen not to have elections to choose their leaders, I am actually quite concerned about that. You can’t use “market crisis” as an excuse to not hold elections. Even if elections take time and are messy and (most importantly) don’t produce the desired result, it is a part of gosh darn democracy, and if they are going to suspend elections for this, then they can suspend elections for anything. Like, say, pretend Mario Monti is a closet dictator and they just put a guy in there who is never going to hold another election again.

So this is a bad precedent.

This is way worse than a bad precedent but well said my friend.  Oh and another thing.  If you are looking at the gold market and wondering why it is so weak stop wondering. In my opinion, all you have to look at is Mario “three card” Monti (credit to Gerald Celente for that name). If I were anyone in Italy that cared I would be checking the gold in the vault every single day.  I have zero doubt that Monti is letting the country’s treasure out the back door by the ton in the name of “global stability” and ECB bond purchases.  The backroom deals that are happening right now at the expense of the people of Italy have got to be completely off the charts.  As I have said many times before, the reason Europe doesn’t announce a solution is because there is no solution.  They also know that the minute they announce massive monetization gold and silver will go no offer and the gig will be up. This is also why the FED hasn’t announced QE3 despite their desire to do so.  So the strategy is to announce nothing, sell sovereign gold behind the scenes and perform all sorts of market manipulations behind closed doors.  While the sheep in most nations will be completely unaware until way after the looting is over and then they are left with chaos and then a real dictator, the leaders of nations of China, Russia and others know exactly what is happening and will happily take Italy’s gold (and whatever Greece hasn’t already sold without telling anyone).  I love how leaders keep coming out with stuff like “we need to stop freedom of speech and we need to manipulate markets and we need to take your sovereignty away to create confidence.”  The worst part is people actually fall for this crap!  On what planet does robbing someone, taking their freedom away and saying you and your children will be slaves forever inspire confidence? Continue reading »

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Jan 17

Only physical silver and gold are real, everything else is an illusion.


Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver “a number which if run-rated would be an absolutely all time monthly record,” A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010.

And some additional observations on what is becoming a physical buying frenzy from CoinNews.net:

An increase in 2010 Silver Proof Eagles and record-approaching 2011 Silver Bullion Eagles are the most interesting aspects in the latest US Mint sales report.

The Proof Eagle coins have seen two weekly adjustments since they sold out in late December. The latest brings them up 3,644 to 860,000, which would seem like a natural stopping point. Collectors will have to wait until the July time frame for the 2011 Silver Proof Eagles to make their appearance, according to the US Mint.

2011 bullion eagles launched  on January 3, 2011. Silver Eagles already have last year’s January record in their sight. The coins have raced to 3,407,000 in less than two weeks after their latest weekly pick-up of 1,322,000. Until January 2009, the silver coins had never topped the 3 million mark during the first month of a year. Those record sales totaling 3,592,500 may get clobbered in mere days. The all-time monthly high of 4,260,000 which was just set in November could be the next victim. As a side note, the 3,407,000 sold this month includes 469,500 of the 2010-dated issues. The US Mint had buyers order one 2010 Silver Eagle for every five of the 2011′s.

Bullion one-ounce 2011 Gold Eagles are running, but not sprinting like their silver counterparts. US Mint sales has their tally at 42,500 for a weekly increase of 29,000. As a comparison, buyers ordered 85,000 in January 2009. Inventory of the 2010-dated coins also remains. There were 53,000 at the start of the year. US Mint Authorized Purchasers must order one old for every four of the new ones.

Mike Krieger presents the following disturbing observation on this trend: “In the first 12 days of January 3.4 million silver eagles have been sold.  I have never seen anything like this.  The amount of physical being taken off the market on this paper sell off is EXTRAORDINARY.  We must be VERY close to the end.” Whoever has adopted JPM’s legacy paper silver short position is in for some very troubling days ahead.

Submitted by Tyler Durden on 01/13/2011 14:23 -0500

Source: ZeroHedge

Related information:

- The Ultimate Cost of 0% Money

- These Central Banks Are Printing Money – Prepare Yourself

- Quantitative Easing Explained

Gold:

- George Soros’ and John Paulson’s Biggest Holding Is GOLD

- China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

- Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

Silver:

- BullionVault.com Runs Out Of Silver In Germany

- Silver: Shortage This Decade, Will Be Worth More Than Gold

- Silver Derivatives – China and JP Morgan

- Max Keiser: Want JP Morgan to Crash? Buy Silver!

- Max Keiser: Crash JP Morgan – Buy Silver!

- JPMorgan Silver Manipulation Explained (Must-See!)

And don’t forget to do this (!!!):

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

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Apr 30

See also:

- Mike Krieger: Goodbye Disneyland! – The Neo-Feudalistic, Gulag Casino Economy Has Already Begun


Presenting the latest terrific analysis by Michael Krieger, formerly a macro analyst at Bernstein, and currently running his own fund, KAM LP, who joins Willem Buiter and everyone else left with a gram of prudence, in realizing that this is nothing more than the “last dance.”

“History is a set of lies agreed upon.”
– Napoleon Bonaparte

Most people prefer to believe their leaders are just and fair even in the face of evidence to the contrary, because most people do not want to admit they do not have the courage to do anything about it.  Most propaganda is not designed to fool the critical thinker, but only to give moral cowards an excuse not to think at all”
-  Michael Rivero

Every man gotta right to decide his own destiny, And in this judgment there is no partiality. So arm in arms, with arms, we’ll fight this little struggle, ‘Cause that’s the only way we can overcome our little trouble. -  Bob Marley, Zimbabwe

A Thousand Words On Conventional Wisdom

Conventional wisdom.  Many market analysts define conventional wisdom in relation to what direction the market is going to head in the future, but I think this is an utter mischaracterization of the concept.  For example, someone that is bullish on the market right now is likely to see conventional wisdom on stocks and the economy as overly bearish after ten years of no returns for U.S. equities.  In contrast, someone that expects a market collapse will say that everyone is a cheerleader and that the “conventional wisdom” after such a huge rally is for stocks to continue to go up.  This is not how I would describe conventional wisdom and all is does is drag the debate into the intellectual gutter.  Rather, to me conventional wisdom is more the “zeitgeist” of the financial and economic community at any given time.  Zeitgeist is defined by the Merriam-Webster dictionary as:  the general intellectual, moral, and cultural climate of an era.  In this sense an “era” will generally mean a lengthy period of time, several decades or perhaps even more extended periods.  That said, what is interesting is that every cycle in the global economy seems to bring forward distinct “mini-zeitgeists” that the experts create to justify market movements or give credence to economic dogma.

When I define conventional wisdom in this manner what I have found is that I almost always disagree with conventional wisdom.  Two very interesting recent periods were fall 2007-July 2008 and then mid-2008-early 2009 period.  In the first period, it was clear to me that decoupling was impossible because the U.S. was too large and it was clearly on the verge of collapse and, more importantly, that China and the U.S. were joined at the hip in a Keynesian economic Frankenstein that would not be easily severed.  Despite what I thought was pretty obvious at the time, conventional wisdom was that the BRICS had decoupled and all would be well.  Rather than seeing the commodity surge as the flight out of the dollar due to the distinct money policies of the U.S. Fed and everyone else, the rally was seen as evidence of decoupling.  This is mainly because conventional wisdom tends to view rising assets as a signal of prosperity.  I believe this was and is generally due to a misunderstanding of economics (we are all taught mostly rubbish in schools) and a shocking ignorance of the global financial system, how it really works and who/what is pulling the levers.

Continue reading »

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