Santelli Slams ‘Surprise’ Unemployment Data In Epic Screamfest
“While careful not to get drawn into the conspiracy-theory wonk camp, CNBC’s Rick Santelli just connects the dots on last week’s miraculous unemployment rate. In one of the most voluminous rants we can remember, Santelli – from a position of realist (and market whisperer) – argued with Liesman – from a position of ‘but, but, the data must be true’ – and summed it all perfectly “if I told you that you’d win the lottery tomorrow, and you did; wouldn’t you wonder how did I know that?” With Langone also chipping in that he does not see anything in his business to suggest unemployment is improving at all – we think the bigger elephant-in-the-room is the Liesman ‘comfortably-numb’ line-of-questioning on “why did you think last month that this month’s unemployment rate would be under 8%”; i.e., why did you think there would be manipulation? The answer is pretty obvious, especially as Santelli was proven 100% correct – “the current trend of these [jobs] numbers is so different from the current trend of any other numbers. If you were looking for conspiracies (and I’m not), you only need to change a certain number.” Must Watch!”
At 4m20s you can hear someone say ‘oh, s**t’. Didn’t the guy know that they were live ?
I enjoyed that so much.
It was the last most watched economic measurement before the election, why wouldn’t it be propaganda ?
Angela Merkel Arrives In Athens
“Things have come to a standstill in the “red zone” declared by the police in which all demonstrations and gatherings have been banned until 10pm.”
The leaders will dictate to the people and any of the Greek people who make the ‘mistake’ of thinking they can use the “red zone” to talk with the Greek leadership will be brutally dissuaded of that notion.
The place that gave birth to democracy is waving farewell to democracy.
Greek anti-fascist protesters ‘tortured by police’ after Golden Dawn clash
One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From
Buffett’s Favorite Bank, Wells Fargo, Sued By US
“U.S. CLAIMS WELLS FARGO FALSELY CERTIFIED FHA LOANS”
The Bank Was Saved, and the People Were Ruined
“The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a crash.”
“This is a useful quote, as, in its simplicity, it states the very nature of crashes brought on by irresponsible banking practices. In every case in which this occurs, it is possible through the complicity of the government of the day.”
HSBC: ‘Sorry about helping all those drug and terror gangs’
Silver Commercial Signal Failure in Progress?
“Yet even through one of the fastest additions of short interest we’ve seen throughout this entire bull market, the cartel has little to show for it’s effort.”
CHINA AND RUSSIA LEAD MOVE AWAY FROM DOLLAR … hegemony
CNN Money on How to Buy Silver: ‘Anything But Physical!!’
“CNN Money’s HelpDesk blog today published a Q&A responding to an inquiry regarding the question How do I purchase silver in physical form?”
“CNN Money’s response? ETF’s such as SLV or SIVR (notice Sprott’s PSLV is not included), silver certificates- essentially own paper silver in any way or form as long as investors avoid actual physical silver bullion like the plague.”
Paper Money = Despotism
““Fiat” is money with no intrinsic value beyond whatever an issuing government is able to enforce. When it enjoys a monopoly as currency, fiat inevitably turns the free market functions of money inside out. Instead of being a store of value, the currency becomes a point of plunder through monetary policies such as quantitative easing. Instead of greasing society as a medium of exchange, the currency acts as a powerful tool of social control. The second harm is far less frequently discussed than inflation, but it is devastating. The personal freedoms that we know as “civil liberties” rest upon sound money.”
“In his classic book The Theory of Money and Credit (1912), the Austrian economist Ludwig von Mises argues, “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically, it belongs in the same class with political constitutions and bills of rights.””
“In his invaluable book What Has Government Done to Our Money? the Austrian economist Murray Rothbard addresses the strange reluctance to consider private currencies, “Many people, many economists, usually devoted to the free market, stop short at money. Money, they insist, is different; it must be supplied by government and regulated by government.” (Note: Technically, the currency is generated through a banking cartel with government support.)”
We Have Been Warned!
“As more dollars are created or “dropped from helicopters,” all existing dollars become less valuable. We have been warned.”
“2007 – 2008: A financial crash caused the S&P 500 index to drop over 55%. People lost their homes, unemployment climbed much higher and has not come down, many businesses closed, and the standard of living for most Americans declined. The crash was at least partially caused by excessive leverage in the financial community including derivatives rated AAA when they were better described as “toxic waste” and possibly fraudulent. An over-leveraged financial system is prone to crashes. Nothing of substance in our financial system has been fixed. Many believe another financial crash is inevitable and perhaps imminent. We have seen it once. As noted by many astute individuals, it can and probably will happen again. We have been warned.”
“2007 – 2012: J. P. Morgan told Congress in 1912, “Gold is money. Everything else is credit.” Russia and China have been purchasing gold (real money) in huge quantities from around the world. Gold is rapidly leaving western economies and flowing into Russia, China, and other Asian countries. What do they understand that we, in the west, are ignoring? We have been warned.”
A bill usually represents something else – lading, materials, quantities
We use a bill as a medium of exchange for a) our labour and b) to get the things that we need but a bill is not a store of value and any value that we place in it is being transferred to the issuers.
United States Note … issued from 1862
“They were originally issued directly into circulation by the U.S. Treasury”
The federal reserve note is issued by the non-federal non-reserve after the U.S. Treasury sends over a bond bearing interest to the non-federal non-reserve.
“The rationale for these terms was that the Union government would preserve its credit-worthiness by supporting the value of its bonds by paying their interest in gold.”
Gold, gold, gold, gold, gold, gold, gold.
“A derivative is a financial instrument whose value is based on one or more underlying assets. In practice, it is a contract between two parties that specifies conditions (especially the dates, resulting values of the underlying variables, and notional amounts) under which payments are to be made between the parties. The most common types of derivatives are: forwards, futures, options, and swaps. The most common underlying assets include: commodities, stocks, bonds, interest rates and currencies.”
How much of the quadrillion or so dollars of notional amounts in derivatives do you thing can actually be paid out ?
I hope we all know by now how unstable a 10-to-1 fractional reserve system but in due course we will discover how unstable a infinite fractional reserve system is.
The vaccine empire has collapsed
“A review from The Cochrane Collaboration, a widely respected research-analysis team, went over all the evidence, and entered its conclusion:”
“In healthy adults, no flu vaccine delivers protection from the flu.”
“It doesn’t protect against transmission of flu viruses from person to person, either.”
“So all the promotion and all the pandering and all the scare tactics and all the “expert medical opinion” and all the media coverage…useless, worthless, and irrelevant.”
“Billions of dollars of financed lies about flu vaccines were just that: lies.”
13,000 People Exposed to Big Pharma Shots Contaminated with Rare Fungal Meningitis
New Study Proves Mercury Exposure During Pregnancy Causes ADHD in Children
Nearly 100 Occupy Chicago activists are celebrating a victory after a judge dismissed the charges against them stemming from protests last fall
“NATO Helping Move Heroin Out Of Afghanistan” What Is The American Legacy In Afghanistan?
Massachusetts Drug Lab Scandal: It Always Looked Like Cocaine to Her (Shocking)
Romney shipped U.S. jobs to china
Mitt Romney’s Disdain For The Middle Class: He Said It, He Meant It
From Obama’s Truth Team – they’re kidding, right ?
Bill Hicks, on why voting is a waste of time!
SOLA 3.1 Meet Your Master
Police, pensioners clash over austerity measures in Athens
“police officers used batons to disperse demonstrators.”
Brutality against 70 years old and 80 years old 90 years old – really ?
New Congressional Amendment Prepares For Mass Casualties in America
All the 47 million Americans on food stamps will discover the dollars they are issued with won’t buy them all the food they need so they will riot as they starve to death.
Life Follows Cycles, The Coming History Lesson Will Not Be Unique
Politics Makes Me Angry All the Time!
11m30s “The ignorance of the average voter is truly astounding. It is human ignorance is the dark matter that the physicists keep looking for.”
13m30s “Two famous quotes from Churchill, the first is: the cure for democratic tendencies or believe in democracy is five minutes conversation with your average voter. He said this after decades in politics. That was number one. Number two is he said: democracy is the worst system of government conceivable except for all the others that he have been tried from time to time.”
United Nations Seeks ‘Global’ Tax
1m John Browne, Euro Pacific Capital “This is redistribution of American and European wealth to the Third World.”
But the gangsters will get their cut and Al Gore will become the world’s first carbon tax billionaire.
Putin dubs McCain “Nuts”
“Sen John McCain publicly threatens Putin, the president of Russia saying,”Putin could easily suffer the same fate as Gaddafi”.”
Thank God These People Won’t Succeed!!!
“The attempt to cause chaos and war in the middle east continues. These two videos are mind boggling.”
Senate: Counterterrorism ‘Fusion’ Centers Invade Innocent Americans’ Privacy and Don’t Stop Terrorism
All the information anyone could possibly want but it is information on innocent Americans who would never ever entertain any terroristic notion.
Hillary Clinton -ON IRAN “Some people say..the best thing that could happen to us is to be attacked by somebody”