Soros Exits Goldman Sachs, JPMorgan, Adds To Gold Position
“George Soros, through his Soros Fund Management LLC investment management firm, filed his 13F form today with the SEC, indicating some interesting position changes and new investments. Most notably, Soros exited a number of financial firms, such as Goldman Sachs Group, Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM). Interestingly, Soros no longer has any substantial positions in financial firms, whether in the United States, or globally.”
George Soros knows that, for the financials, the s**t is about to hit the fan.
Is anyone else doing their homework on what is about to happen ?
Uncle Tom’s Justice Department
“Anyone who really cares to understand the extent to which Obama’s Justice Department is enabling the process of systemic corruption and collapse should read this scathing article by Matt Taibi: LINK – “In the notorious Hudson transaction, for instance, Goldman claimed, in writing, that it was fully “aligned” with the interests of its client, Morgan Stanley, because it owned a $6 million slice of the deal. What Goldman left out is that it had a $2 billion short position against the same deal.”
They stood to lose up to $6 million if it failed but also stood to gain as much as $2 billion – that’s 333 to 1 in their favour.
Do you need to read much more ?
We all know a collapse is coming, I wish it would get here already so the façade comes to an end and I can stop it with all this s**t.
A Modern Day Worker Revolt
There were probably three times the number of armed and flak jacketed police officers to the dozen unprotected guys getting shot to death.
Three dozen fully automatic assault rifles against probably one handgun.
This was murder meanwhile bankster fraud continues to loot trillions of dollars worldwide..
Silver Update 8/15/12 Sleeping Sentinels
You should all read some shocking red flags, no less than seven, from the court ruling on Sentinel Group’s 2007 embezzling $500M of customer’s segregated funds.
You will read that the court refers to the defraud victims at different times as customers, creditors and investors – confusing, eh ?
“Sentinel Management Group http://en.wikipedia.org/wiki/Sentinel_Management_Group#cite_note-7 – “Investments included short-term commercial paper, foreign currency, investment-grade bonds and Treasury notes, according to the Web site. They oversaw approximately $1.6 billion.”
“CEO and Head Trader of Bankrupt Sentinel Management Indicted (Alleged $500 Million Fraud) http://www.fbi.gov/chicago/press-releases/2012/ceo-and-head-trader-of-bankrup… – “allegedly misappropriated securities belonging to customers by using them as collateral for a loan that Sentinel obtained from Bank of New York Mellon Corp. (BoNY) that was in part used to purchase millions of dollars worth of high-risk, illiquid securities not for customers”
The alleged crime took place before the bankruptcy in August 2007 but the fraud indictment was handed down on June 1, 2012.
NEARLY FIVE YEARS LATER.
“Futures Commission Merchants http://www.cftc.gov/IndustryOversight/Intermediaries/FCMs/fcmibfilingreportreqs”
“IN RE: SENTINEL MANAGEMENT GROUP, INC. volo.abi.org/in-re-sentinel-management-group-inc/opinion/download”
“Sentinel’s customers weren’t typical investors; most of them were futures commission merchants (FCMs), which operate in the commodity industry akin to the securities industry’s broker-dealers. In Sentinel’s hands, FCMs’ client money could, in compliance with industry regulations governing such funds, earn a decent return while maintaining the liquidity FCMs need. “Sentinel has constructed a fail-safe system that virtually eliminates risk from short term investing,” proclaimed Sentinel’s websitein 2004.”
Red flag #1 – virtually eliminates risk vs Sentinel Group went bankrupt.
“To accept capital from its FCM customers, Sentinel had to register as a FCM, but it did not solicit or accept orders for futures contracts. Sentinel received a “no-action” letter from the Commodity Futures Trading Commission (CFTC) exempting it from certain requirements applicable to FCMs.”
Red flag #2 – exempting it from certain requirements.
“The court found that Grede “failed to prove that Sentinel made the Transfers with the actual intent to hinder, delay or defraud its creditors.””
Red flag #3 – failed to prove … (de)fraud vs FBI’s fraud indictment.
“Sentinel’s preference of one set of creditors (the bank, whose funds paid off the repo counterparties) over another (its customers)”
Red flag #4 – the court claims Sentinel’s counterparties and customers are both creditors.
“Perhaps the bank should have known that Sentinel violated segregation requirements, but as the district court found, “such a lack of care does not rise to the level of the egregious misconduct necessary for equitable subordination.””
Red flag #5 – see how far you get with this defence when receiving stolen goods.
“the court took account of the problematic aspects of the testimony, and explained that while it did not always believe the bank officials, the discredited testimony did not lead the court to believe the witnesses were covering up knowledge of Sentinel’s “pre-collapse mess.” Grede, 441 B.R. at 893-94 (“Lies are sometimes told, as they were here, not to help the employer in a lawsuit, but rather to help the employee’s career.”). Instead of finding that their testimony justified a finding of egregious bank behavior, the district court essentially found that the bank officials were such artless liars that they couldn’t have been concealing deliberate wrongdoing. Instead, the bank officials were simply trying to cover up their own incompetence.”
Red flag #6 – another ‘lone gunmen’ theory vs a conspiracy at large.
“Grede seeks to retroactively impose a requirement for the bank to ensure Sentinel maintained appropriate segregation levels and argues that its failure to do so justifies a finding of inequitable conduct. For support, Grede cites a CFTC letter that prohibits pledging of customer securities for debts regardless of location. Even if we accepted the letter as authoritative, the bank’s failure to somehow ensure segregation compliance would not support the required level of egregious behavior.”
Red flag #7 – questioning CFTC’s authority vs CFTC is vested with the authority in such matters.
23m40s BrotherJohnF concludes “The court cites three groups of investors that are regulated, there’s the commodities investors, there’s the bond investors and there’s the stock investors and they are regulated by different groups. And the upshot of all of this is that commodity investors are not protected. Now why is this happening ? It’s my opinion that the reason why this is happening, of course goes back to the original theory is that silver and gold and other commodities but specifically, because nobody’s going to store a barrel of oil, specifically the metals are investments that can taken physical delivery of, you can actually take delivery of your investment Now, the futures markets are the markets that allow us to take delivery of these commodities. Commodities are going to be the Achilles heel, specifically gold and silver and more specifically silver, they’re going to be the Achilles heel of the banking system as people will flee from paper assets and invest in hard assets. So, what we’re seeing here in my opinion is another blow to the CFTC, the regulator of the commodities markets and the commodities markets themselves and the purpose is to discourage investors from investing in these markets because these are the markets that can break the paper money system and if we make the regulations so broken, the enforcement so broken, the companies so corrupt that all investor confidence is lost. And of course we’re not going to see the millionaires and billionaires flood into the futures markets where they can actually take delivery of a real asset but they’ll be contained and be forced into the paper assets and of course that’s where they want their money. They do not want their money in physical silver and of course that’s the reason why you want your money in physical silver because ultimately that’s the only thing that isn’t somebody else’s debt obligation and when the whole thing blows up you’re going to find out you’re last in line.”
Are the Day Trading HFT Algos Literally the Only Ones Left in the Silver Market??
“has NO-ONE added a single long term long or short in silver this week?”
Not Burning Books Like ‘Farenheit 451? – Altering Them
“There seems to be a rash of changing quotes in case law, here are some examples I have seen other examples of changed quotes. The older the case the more likely it will be altered.”
7 banks subpoenaed over rate-fixing
“The attorneys general of New York and Connecticut have issued subpoenas to seven banks over the possible manipulation of a global interest rate, a person with knowledge of the matter told The Associated Press on Wednesday.”
“Subpoenas were issued, mostly last month and this month, to Barclays, Citigroup, Deutsche Bank, JPMorgan Chase, HSBC, Royal Bank of Scotland, and UBS, the person said.”
Barofsky: ‘Geithner Admitted To Us Privately That Obama’s Housing Policy Was DESIGNED To Sacrifice Homeowners In Order To “FOAM THE RUNWAY” For The Banks’
Barofsky was the Special Inspector General for the $700B TARP.
“When Irish Eyes Are Crying”: Michael Lewis On Panicked Politicians, Feckless Bankers And Billion-Dollar Bailouts
“Lewis tells a story better than anyone and he hits all the right notes with this one: panicked politicians, feckless bankers, corrupt developers and a real estate wasteland. More than anything, Lewis recounts Ireland’s version of the now familiar tale of private gains for banks and public losses for you know whom. But, nowhere else are so few being asked to pay so much for the crimes of their banks – in this case $35,000 for every screwed Irish citizen, including the yet-to-be-conceived.”
“Even in an era when capitalists went out of their way to destroy capitalism, the Irish bankers set some kind of record for destruction. Theo Phanos, a London hedge-fund manager with interests in Ireland, says that “Anglo Irish was probably the world’s worst bank. Even worse than the Icelandic banks.””
Face-to-Face Showdown With Merkel; Wicked Irony of Greece Bankruptcy
Sacrifice the people vs sacrifice the creditors.
Sacrificing the people, of course, must stop as should the selling of public assets in closed auctions for around 2% of their real value. Does anyone remember British Gas being sold in a public offering and not in a closed auction ?
Bristol businesses queuing up to join local currency scheme
More people trying to escape the slave plantation that is paper money issued by private central banks.
The Economic Implosion of the West – On Schedule?
“The UK is tripling all fines related to taxes according to the FT. Europe & Australia and imposing a carbon tax and this of course is necessary for the environment as long as it ADDS revenues. Whatever idea of regaining manufacturing jobs is going out the window. Whatever these countries do it is only contributing to the demise of everything.They are telling manufacture to go to friendlier spots in Asia.”
“The LIBOR probe that began in London where regulators are not as “in the pocket” of bankers as they are in New York, has now expanded to 7 New York banks. This only demonstrates how the bankers control government in the USA including Obama despite his recent comments about “trickle down” as they use the very same tactics that Hitler did to win. The bankers control both sides of the aisle. They are the ones directing the destruction of Western society by demanding austerity and the destruction of our freedom with draconian tax increases.”
FacePlant Back In The Teens
“the freeing up of 271.1 million of FaceBerg’s shares today, boosting by 60 percent the number that could be traded (freed up from lock-up), was all priced in? It appears not as the share price plunges over 5.5% back into the teens once again.”
New all time low of $19.69 – what an utter flop.
The Broken Market Chronicles: Nat Gas Explodes As Man United Implodes
Financialization’s Self-Destruct Sequence
Gold Investment Demand And India, China Demand Down; Central Bank Demand Doubles
“Price sensitive Indians have been shunning gold and many have been opting for far cheaper poor man’s gold – silver.”
Former Central Bankers Step Up Against The Central Banks
The Whiskey Rebellion, Part II: Enforcing the Wealth Tax
“When word of this seditious talk reached President George Washington, he was appalled. In the spring of 1794, President Washington appointed a man named John Neville as federal tax collector for western Pennsylvania. Neville was a former Revolutionary War general and a close acquaintance of Washington’s. Neville set up his tax office at his family’s farm, just south of Pittsburgh.”
“On July 15, 1794, a group of local residents gathered at Neville’s house to protest the seizure of a neighbor’s property for unpaid whiskey tax. They demanded Neville’s resignation, and also that he turn over his tax records to be burned. Neville’s home was guarded by a unit of federal marshals. After a period of standoff, one of the farmers began to approach Neville’s house under a white flag of truce, and he was shot and killed, presumably by one of the marshals.”
Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”
What can I say ?
The whole joint is being burned to the ground, don’t you think ?
Jamie Dimon Just Admitted To The World That JPM’s Assets Are Overvalued By $150 Billion
“It gets better. Go to page 10. The chart shows that they only have $184 billion in equity, minus the $50 billion loss, minus ‘the $150 billion fdic reality adjustment’, which leaves them in a negative equity position of (-$16 billion).”
We can probably assume that the other mega banks engaged in derivatives are similarly in massive negative equity.
JPMorgan Chase Libor Subpoenas Coming From Everybody In The World
“Catch Me If You Can” JPMorgue Has 11+ State, Fed & Int’l Enforcement Bodies After It
“Jamie Dimon might have long celebrated The Morgue’s “fortress balance sheet” and its excellent risk management, especially as the bank maneuvered the 2007-2009 financial crisis after which many major financials have not even realized half of their pre-crisis market value, but those days are over, and Dimon has been revealed as the Lord Blankfein character he always has been.”
LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks
50s “inflate the profits of the banks derivatives traders.”
1m50s “The conspiracy to suppress the LIBOR rate lowered the value of their LIBOR backed derivatives on their books. This exacerbated the effects of the financial crisis of 2008 and forced deep budget cuts across the public sector.”
It’s strange that these guys don’t have their derivative holdings off their books because that is where the big banks have the derivatives they have bought and sold.
2m30s “In terms of anti-trust, this is really a cartel that is setting price.”
What are these ill-gotten profits likely to be on the interest payments extracted from the holders of these instruments whose notional values are measured in the HUNDREDS OF TRILLIONS OF DOLLARS ?
3m50s “harmful conspiracy against the public.”
MUST WATCH: The Agenda To Destroy America
Zbigniew Brzezinski “For the first time in human history, for the first time in all of human history almost all of mankind is politically awake. And these new and old major powers face still yet another novel reality, in some respects unprecedented, that it is that the lethality of their power is greater than ever, their capacity to impose control over the politically awakened masses of the world is at an historical low. Put it rather pungently and I was faltered that the British Foreign Secretary repeated this as follows, namely as in earlier times it was easier to control a million people, literally, it was easier to control a million people than physically to kill a million people. Today, it is infinitely easier to kill a million people than to control a million people, it is easier to kill than to control.”
You read and heard that correctly – impose control.
Are democracies supposed to derive their just power from the consented of the governed or through imposing control on a non-consenting people ?
Chris Whalen: ‘Bank Of America Will Split And Merrill Lynch Will Have $30 Billion+ Of Litigation Exposure For The Mortgage Mess, Just By Themselves’
Michael Lewis On What Ireland Should Learn From Iceland
“”Don’t shoulder the burdens of your banks. Let the banks go and let the creditors take the hits…””
Iceland Was Right, We Were Wrong: The IMF
“For approximately three years; our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites – at any/all costs.”
“Following three years of this continuous, uninterrupted failure; Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain, and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.”
“What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail-out the criminal Big Banks – at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.”
“The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).”
“The bankers told us that our governments “could no longer afford” the same education, health-care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country “could no longer afford” was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after 3+ years of this absolute dichotomy in economic policy-making a clear picture has emerged (despite the best efforts of the propaganda machine to hide the Truth).”
Are our crooked banksters going to have trials and be sentenced to hang like Iran are doing to their crooked banksters ?
Banks falsify credit card lawsuits in 90 percent of cases?
““I would say that roughly 90 percent of the credit card lawsuits are flawed and can’t prove the person owes the debt,” said Brooklyn civil court judge Noach Dear. The judge told the Times he sees as many as 100 such cases a day.”
Just another way for the American people to be looted.
Mark Grant And Rick Santelli On Europe: “It’s A Ponzi Scheme To Be Honest With You”
Just another way for the Greek people to be looted.
“It’s a Free. F***ing. Country.” Is it Really, Jamie Dimon?
The end of JP Morgan cannot be far off.
Institutions Scream Ahead Of Imminent Death Of Money Markets
S&P Futures Gap Up 0.5% — That Is All
“Nothing else moved, just ES.”
This Is Why You Always Demand Physical
“Amber Gold: a gold-based investment ponzi scheme out of Poland, in which it is likely needless to say that the gullible investors never had actual possession of the gold. And when they tried, it was gone. All gone.”
Paulson Steps Up Gold Bet to 44% of Firm’s Equity Assets
That is some bet.
Fleckenstein – Markets Will Crush Central Bank Actions
Central Banks To Launch Unprecedented & Coordinated Action
Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”
Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
“By itself, that wouldn’t be that big of a deal. But when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge. Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock, and I have been personally told that a significant number of Wall Street bankers have been shopping for “prepper properties” in rural communities this summer. Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition, and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society.”
U.S. Banks Told to Make Plans for “Preventing Collapse”
“The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.”
An end to “too big to fail” is finally in sight it would seem – what took so long ?
Bankster Fraud Has Driven 100 Million Into Poverty, Killing Many
“Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted.”
“The Obama administration has made it official policy not to prosecute fraud. Indeed, the “watchdogs” in D.C. are so corrupt that they are as easily bribed as a policeman in a third world banana republic.”
This fraud is not cute, it is deadly and so is living in a banana republic or living in the United Banana Kingdom.
States Most Likely to Go Bankrupt
10. Florida, 9. Ohio, 8. Massachusetts, 7. Rhode Island, 6. New York, 5. Nevada, 4. New Jersey, 3. Michigan, 2. California, 1. Illinois.
The U.S. Treasury’s $2.4 Trillion Secret
“used an exchange rate stabilization fund to guarantee trillions of dollars of the money market mutual fund world.”
Rick Rule – Obama and Buffet are Fascists
“So when you ask me if Obama is anti-business it depends on how you define business. If you define business as maintaining brain dead parastatal fascist structures like JP Morgan Chase or General Motors then no, he’s certainly not anti-business – but I do think he and Buffet are anti-market. I’m pro-market.”
Solyndra Bankruptcy: Solar Panel Company Won’t Pay Back Most Of Its $527 Million Government Loan
The debt hole being dug for the American taxpayer just got that little bit bigger.
We Are All Muppets Now
“Using the word muppets to describe credulous investors who could be ripped off at will originated with investment banking giant Goldman Sachs”
“The muppets now include every pension fund, mutual fund, hedge fund and investor with capital in the stock market. We’re all muppets now because we all know the markets are rigged, skimmed by high-frequency trading machines and propped up by officially sanctioned intervention on a grand scale.”
Chinese companies pull out of US stock markets
Wayne County to hold its biggest (TAX) foreclosure auction ever
“The city charges him $4,500 a year for his 1,100-square-foot brick home. He ended up owing the county more than $14,000 in back taxes, interest and fees.”
Internet should not have gatekeepers or regulators – Steve Wozniak
The gold standard is absolutely inevitable
“He thinks that in this current crisis we will see the separation of the state from money – and gold will be the measure of value.”
A de facto gold standard where the market chooses gold as a store of value over paper currencies which will be left to the central banks to play with on their own.
Pent Up Silver Demand and The CFTC Linchpin
“As scandal after financial scandal take their toll on public confidence in the economic morass curiously called the financial system, what will be the trigger for a short covering panic in the metals markets?”
“The inventories for precious metals are dwarfed in relation to the amount of paper silver contracts used to keep prices controlled. When the eventual covering of contracts occurs, heavy buying will come from the large entities that unofficially represent or are literally the working arms of the central banks, exacerbating the panic.”
Silver Hoard Near Record as Hedge-Fund Bulls Recoil
“Silver held in exchange-traded products climbed for three months and is now valued at $16.2 billion”
With all the fraud everywhere in the financial world, who believes every fund has the physical silver they claim to have ?
Obama’s ‘You Didn’t Build It’ Canard
“successful American entrepreneurs “didn’t build” their businesses on their own. Government bureaucrats were mostly responsible for their success”
“In short, Barack Obama’s ignorant “you didn’t build it” remark did two things: First, it displayed remarkable economic ignorance; and second, it asserted exactly the opposite of the truth with regard to the role of government in the economy. In today’s world American businesses that are successful in the marketplace have become so despite government intervention, not because of it.”
Ben Swann Covers LAGOP Convention Anti-Paul Thuggery
The Louisiana State Republication convention attendees voted down the current chairman by a 2/3 majority then voted in a new chairman by a similar 2/3 majority but the party elders did not like this particular exercising of democracy so security rushed the new chairman and removed him.
Has anything this blatant ever happened in the USA’s 230 year history of conventions ?
The crooks are showing people that they are crooks.
Attention RNC Delegates! Ron Paul beats Obama and Romney with 58% favorability in national poll.
Woman Goes Nuclear At California Town Hall Meeting
1m30s “There are 1,300 insurance companies in the united States and 6 of them, I can only use 6 in California.”
1m45s “And in the end I do not try to overcharge anybody, I don’t try to gouge anybody. If you let the free market system work everybody can have insurance.”
Peter Schiff: “Of Course We’re Not Going To Pay Back The Chinese”
No Country For Poor Man: CFTC Calls Unreturned, Calls Unanswered
Sentinel ruling may hurt MF Global clients
“The appeals court affirmed an earlier district court ruling that the bank had a “secured position” on a $312 million loan it gave to Sentinel, which turned out to have been secured by customer money.”
“The appeals court … agreed with the district court’s earlier ruling that “such a lack of care does not rise to the level of the egregious misconduct””
So Sentinel’s embezzling of £312 million was simply a “lack of care” was it ?
Should anyone be surprised at this … I haven’t got the words. People need to get any and all of their funds the hell out of the system ?
The “Maturity Crunch”
“This expansion of money and credit is the root cause of the financial and economic crisis the euro area is in now.”
Keiser Report: Wall Street vs City of London (E326)
Europe’s 10 Most Dangerous Politicians
“Bavarian Finance Minister Markus Söder said on Sunday that Greece must be ‘made an example of.’”
Does he mean that the Greek people have to pay even more money to the banksters ?
Nigel Farage – They Will Collapse The System & Enslave People
“Today MEP (Member European Parliament) Nigel Farage spoke with King World News about what he described as the possibility of, “a really dramatic banking collapse.” Farage also warned that central planners want to enslave and imprison people inside of a ‘New Order’” and he described the situation as “horrifying.””
“Farage also discussed gold, but first, here is what he had to say about the ongoing financial crisis: “Governments don’t have the courage to tell the people that we cannot afford to go on living the way that we are. We’ve really failed very badly in having honest politics, so we have this gross and very grave debt problem.”
“Now everyone has decided, the Bank of England, the Fed and the European Central Bank, who are utterly brilliant people that have led us to the mess we are in, they’ve all decided that the solution is quantitative easing. The solution is to go on printing and creating false money in an attempt to buy our way out of the (ongoing) crisis.”
“My take on that, my historical perspective is that all we are really doing is actually compounding the problem….””
We should NOT be asking the people who actually brought us the problem to provide a solution because it will be a non-solution solution.
Parting Company With Nigel Farage and Suggesting a New Role
“I’ve tried to provide a flavor of Farage’s increasingly extreme rhetoric and I hope I’ve succeeded. But now let me part company with Farage. Ultimately, Farage is horrified at the notion of a banking collapse and the chaotic and deadly ramifications. He sees a banking collapse as a calamity but I would ask …”
“What is there to save? Could any emergent system be so much worse than what we have now?”
“A real collapse may be the only way out of the sickness of this modern, globalist conspiracy. It should be evident and obvious by now that the elites are fighting hard to establish globalism and are using every historical weapon in their toolkit, including war, economic ruin and harsh political authoritarianism.”
“It is the Internet Reformation, as we call it, that has likely given rise to the elites’ determination to move ahead with their plans quickly and aggressively. But the irony is, in this Internet era, the faster they move, the more they alarm people like Farage. It’s a kind of closed-feedback loop.”
“Right now there are still many who haven’t woken up to what’s going on. But the more the elites press for their “new world order,” the more people they warn.”
“People, once warned, will do what humans naturally do: seek out information. The information about what’s really going on is all there on the Internet, millions of pages about this likely 300-year-old conspiracy. Best case, this conspiracy shatters into a thousand – a million – pieces.”
“Farage, as eloquent and blunt as he is, still worries about a banking bust up. I say … Let it happen.”
What we have is a cancer and the body is going to die from it.
Greece: Hospitals are running out of medicines, wildfires rage” but the “danger” is Alexis Tsipras
Spain unveils new savings plan in struggle to meet EU standard
“a new belt-tightening plan that could save the country 102 billion euros by 2014.”
How long will it take for an increase in interest payments to gobble up this 102 billion euros ?
Five years on, the Great Recession is turning into a life sentence
Stock Operator’s Page–Massive Put Activity
“Looking at the specific stocks being shorted, I do not see indications of a new 9-11. The issues are across the spectrum with companies like Verizon, Herbalife, and Deere. So, it looks like someone is expecting a major across-the-board downturn on the market next week!”
“There was a massive jump in put options late last week on Wall Street. Some stocks increased their daily volume by 800% and others saw their daily put volume up 500%.”
“It is claimed that the last time this happened was in the four days before 911. At that time airlines and insurance companies were heavily shorted. In theory 911 was a random event but stock exchange activity in puts that make money when a stock goes down was extraordinarily high.”
“Some people knew.”
US Corn Crop Estimate Cut 17% With Yields Forecast To Drop To 17 Year Lows
US biofuel production should be suspended, UN says
“The United Nations (UN) food agency has called on the United States to suspend its production of biofuel ethanol.”
“Under US law, 40% of the corn harvest must be used to make biofuel, a quota which the UN says could contribute to a food crisis around the world.”
We Are Now Seeing Huge Orders For Physical Gold & Silver
More Abandoned Children as Europe Austerity Wears On
How much more inhumanity can we tolerate to keep these banksters above the people ?
Silver Update 8/08/12 401k Doomsday
13m40s “She said that the 401k is free market, and that’s bad, and that there’s individual control, and that’s bad, and that you have a choice, and that’s bad.”
14m50s “I thought we already had a mandated system ? It’s called Social Security, so why don’t they just increase Social Security benefits ? Well, of course we know the reason, they’re broke.”
Bitcoin/Precious Metals Insurance Plan
“Not avoiding the Federal Reserve Note at all opportunities is Stockholm syndrome. Staying in the stock market is a love of one’s master, like having someone in prison “keeping you safe” and all the baggage that comes along with. Keeping a bank account at a dominant financial institution that is bending you over and killing you and your family is the ultimate demonstration of cowardice.”
Keiser Report: Semaphore of Fraud
“In this episode, Max Keiser and Stacy Herbert discuss a financial journalist so dangerous the frontpage of the Financial Times dare not speak his name and the semaphore of fraud and fraud flows that is high frequency trading and silver manipulation. They also talk about blonde bimbo regulators and the self-police force that never finds any evidence crimes they themselves have committed. In the second half of the show, Max Keiser talks to whistleblower Paul Moore, a former Head of Risk at HBOS, about financial holocaust and the City of London’s role in enabling banking fraud.”
The Empowering Truths of Mahatma Gandhi
[Ed. Note: Without love and humanity what is the point of trying to make a difference? Just a reminder as we seek truth and liberty in world that has seemingly gone mad. Time to wake up.]
““The day the power of love overrules the love of power, the world will know peace.””
Have we foolishly elected people who love power ?
Larry Edelson – The Great Betrayal of 2012
Silver Update 8/10/12 American Delusion
9m50s “These cities as well are hotbeds of crime. You’ve got Los Angeles, Chicago, Houston, Philadelphia. The inner cities are filled with ghettos, they’re decaying, the infrastructure is being destroyed and it’s just on a rapid decline. Of course, as we move further towards a communistic, socialistic system then obviously the decline will just increase that much more. We’ve lost the ability to manufacture many things, we’ve lost our education system to the mind control of the teachers and the dumbed down situation. So really in my opinion it’s all over but the shouting.”
11m55s “The wealth in the united States is really just paper debt, the true wealth is infrastructure and manufacturing.”
12m50s “The Beijing government has almost no debt but Washington nearly has 140 trillion dollars in debt and obligations. China has 3.2 trillion in cash and it’s cash reserves are growing ever larger month after month but Washington has almost no cash on hand and has to borrow nearly half of every dollar it spends, much of it borrowed from China.”
17m55s “America is doing everything wrong and China is doing everything right.”
China Launching Gold Backed Global Currency!
“A Shift Towards a Gold Standard”? The FDIC-Fed’s “Proposed Rulemaking” regarding Basel III Capital Requirements
“One commentator summarized this pending rule change this way; ‘If this new rule is adopted as proposed, gold would shift… by the year 2015… (to) eventually place gold at the heart of global currency and payment systems — seemingly a shift back towards a gold standard. This action is a strong confirmation that gold’s primary trend will likely continue.’”
U.S. SILVER CORP Q2 2012 NET INCOME IS A NEGATIVE $2.3 MILLION
“U.S Silver Corp just had their Q2 conference call and pre-released their results. We now know what the break-even cost for U.S. Silver Corp is… it is more than $29.41 oz(the average price per kitco for Apr-Jun 2012).”
Silver corp is considered a senior silver producer (see http://www.kitco.com/ind/Matlack/aug062012.html) and it’s market capitalisation of $839M compares with $16B for Fresnillo and $230M Great Panther Resources so it’s half a million ounces of silver production may have to stop given the market is paying $28/oz.
Africa Just Says “Nein” To The US Dollar
“the continent has long been a legacy dollar preserve”
“Starting next year, Angola will require oil and gas companies to pay tax revenue and local contracts in kwanza, its currency, rather than dollars. Mozambique wants companies to exchange half of their export earnings for meticais, hoping to pull more of the wealth in vast coal and natural-gas deposits into the domestic economy. And Ghana is seeking similar ways to reinforce “the primacy of the domestic currency,” after the cedi plummeted more than 17% against the dollar in the first six months of this year. The sternest steps come from Zambia, a copper-rich country in southern Africa where the central bank has banned dollar-denominated transactions.”
Jennifer Britt, Detroit Homeowner, Staves Off Eviction With Help of Occupy Detroit
“When Britt inherited the mortgage, which was held by Flagstar Bank at the time, she managed to just dodge foreclosure by covering $26,000 in back payments with her late husband’s life insurance policy. When she approached Flagstar about modifying her $1,550 monthly payments, however, they allegedly refused to discuss details with her at all because her name wasn’t on their account.”
Did Britt inherit the mortgage or not ?
Just another piece of private property to be thrown onto the bonfire.
THE SILVER & GOLD MINING INDUSTRY: SLEEP-WALKING INTO THE FUTURE…
“NEW MINES COMING ONLINE MAY BE IN TROUBLE.”
“I have to tell you… from the researching that I have been doing lately, I firmly believe the gold and silver mining industry is completely asleep at the wheel as it pertains to the future. I have been speaking to some of the folks at Barrick and Newmont and I realize these folks (nice enough on the telly), are so compartmentalized… they have no clue.”
Bill Murphy on Gold, Silver: ‘We Could See a 100% Increase in 90 Days!’
On the trail of the land grabbers: The British imperialists snapping up swathes of Africa to cash in on the world’s food shortage – and forcing out small farmers
“The company, set up by British sheep farmer Mark Keegan, controls 250,000 acres of bush in the West African state of Guinea, bought on what it describes as ‘extremely generous’ terms from the government there.”
“Fellow board member Nigel Woodhouse, a trustee of Labour peer Lord Melchett’s Soil Association, told me one village handed over its land for ‘the equivalent of £3’.”
The word ‘imperialist’ is in no way an exaggeration.
Hillary Clinton’s morally superior speech in Africa was deluded
“If anything, their concern now is that competition from Chinese and Indian (and even Brazilian and Malaysian) firms is forcing them to offer better terms for their resource extraction. As some Africans put it, it is better to have competing imperialists in action, to allow the objects of interest to play them off against one another.”
Plato is winning: From institutions of higher education to labor camp prep-schools.
“I remember coming home one day with a dilemma: I had found my calling in life. “How do you become a Philosopher?” I asked my mom. This question left me stumped. Paralyzed.”
“I was never able to answer that question, though I really wish I had a mentor back then, someone who could have pointed me to the right outlets for my zeal.”
“These days, the time to major in Philosophy in America has passsed. A current look at the list of course offerings at a private college in California is sobering.”
Your Six Step Guide to Global Instability
“Here’s the five step process that seems to be repeating over and over again to Global Instability:”
“2.Stock market crash”
“That description fits 1929-1945, 1999-2003, and 2005-today. So far, we’re at stage 5 – trade wars. The American’s latest salvo has been to slap enormous tariffs on Swedish and South Korean made washing machines.”
“As for the controversial step 6, could there really be war? To answer that, you have to ponder just how the six steps follow on from each other.”
Creating a World Worth Inheriting
“Simply put, our mission is to create a world worth inheriting. By this we mean a clean, healthy living environment, a durable economy, and prosperous opportunities for all who participate with us. That’s our big, lofty aim.”
“At heart, our view is that our policies, uses, and practices in all of the Three “E”s are unsustainable. One cannot forever grow non-renewable resource use in a finite world. The exponential nature of that growth just hastens things along.”
The Underground Economy Is A Rising Superpower: How the Only Growing Economy In the World Can Grow Even Faster
Obama camp: 1,000 attended ‘half-full’ fundraiser
This would never happen with Ron Paul.
Romney Picks the Wrong “Paul” For VP: Chooses Paul Ryan as His No. 2
I say Ron Paul should pick Judge Andrew Napolitano as his VP.
Whenever Romney or Obama come on the television I have to turn the volume down so their insane babble becomes indistinct otherwise I think my head would explode.
Paul Ryan Traded on Insider Information to Avoid 2008 crash
“It should probably come as no surprise to anyone that someone like Paul Ryan would trade on inside information gained through his position as a congressman to line his pockets, but this particular instance is especially egregious. Ryan attended a closed meeting with congressional leaders, Bush’s Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke on September 18, 2008. The purpose of the meeting was to disclose the coming economic meltdown and beg Congress to pass legislation to help collapsing banks.”
“Instead of doing anything to help, Ryan left the meeting and on that very same day Paul Ryan sold shares of stock he owned in several troubled banks and reinvested the proceeds in Goldman Sachs, a bank that the meeting had disclosed was not in trouble. This is the guy Republicans want one heartbeat away from the presidency? He seems more than a little shady to me.”
“Paul Ryan Dumped A Bunch Of Bank Stocks The Same Day As Congressional Leaders Met With Hank Paulson During The Crisis”
“Republican Vice Presidential Pick Paul Ryan sold shares in a number of financial companies including Citigroup, General Electric, Wachovia, and JP Morgan Chase on the same day as then-Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke held a closed meeting with congressional leaders during the financial crisis.”
They did not call Paul Ryan a candidate, Freudian slip ?
“At issue are the sale of troubled banks like Wachovia and Citi, as well as General Electric’s struggling capital unit, dated on September 18, 2008 — the same day as the meeting with Bernanke and Paulson according to the Associated Press.”
“According to The New York Times, the meeting was held in the evening, which raises significant doubt if any member in attendance would have been able to act on the conversation.”
Paul Ryan describes Israel as issue of ‘Homeland Security’
Paul Ryan: Our Rights Come From God Not the Constitution
Mr Ryan needs to read his nation’s Declaration of Independence which says “that all men are created equal, endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” And the Constitution which has in it’s preamble “secure the blessings of liberty”. So overarching the two documents is concept of liberty.
rEVOLution in Michigan’s 11th: Paul – 1, Santorum – 0
“Kerry Bentivolio is a great liberty candidate running for Congress in Michigan’s 11th District. Bentivolio has been endorsed by Ron Paul, Rand Paul and Justin Amash.”
“His Republican primary opponent was Nancy Cassis, endorsed by Rick Santorum and much of the Illinois GOP establishment.”
Ron Paul has won in the battlefield of ideas and should the Constitutional Republic of the USA survive the American people will have Ron Paul to thank.
National GOP nixes Ron Paul claim to Louisiana delegates
“thwart a Ron Paul majority elected in congressional district caucuses in April.”
Dr. Paul, We Have Not Forgotten
“The American people have been inundated with the propaganda push designed to make Paul Ryan into an established patriot on a crusade to save America. This action has caused an effect in that millions have flocked to the internet to find out who Paul Ryan really is and in doing so have been exposed to more of the truth on every front. In reality the headlines of today should be, “GOP will attempt to disenfranchise a majority of voters at its Convention beginning the 27th”.”
Fahrenheit 451 and the Flame of Liberty
“Sen. Rand Paul discusses Americans’ continuous loss of liberty through the lens of Ray Bradbury’s dystopian classic “Fahrenheit 451.””
“The next time that the TSA ask you to put your hands above your head, a little bit higher, no hone just a little bit higher and hold this pose for 7 vulnerable seconds, the next time they ask you this, ask yourself: Is this the pose of a free man ?”
What Rand Paul Learned From Secret Security Hearings
“The number of Americans who have been spied on is too high to count.”
“The point here is terrifying. If the government derives its powers from the consent of the governed, how can it do things to us to which we have not consented? … The government gave Paul the distinct impression that it was afraid of our exercise of our personal freedoms, and thus it needs to watch us as we do so. This is the same government whose stated principal purpose is to preserve, protect and defend the Constitution, and thus personal freedom.”
And for any intelligence types reading this email let me tell you that the parasitical elite consider everyone who is non-elite or outside their cabal their enemy which means that they are also planning the demise of their willing minions.
71-year-old taken to the ground for questioning Paul Ryan
Paul Ryan jokes after elderly man “I’ve paid into that for 50 years” is taken to the ground and handcuffed.
When the banksters have stolen everything from non-banksters then we will all be this 71-year-old.
New retirees receiving less in Social Security than they paid in, marking historic shift
“The AP reports that new retirees for the first time ever will receive less Social Security benefits than they paid during their careers.”
“This doesn’t even account for the loss in real value due to theft from inflation.”
“The world’s biggest ponzi scheme is nearing it’s Madoff moment.”
Paul Ryan in 2010: Slams ‘ObamaCare’ to Obama’s Face, Calls it “Smoke and Mirrors”
“This is a Ponzi scheme that would make Bernie Madoff proud.”
How long can Romney wait to catch fire?
“Mitt Romney was speaking in a slow, measured cadence from a packed and steamy auditorium at Central Campus High School on Wednesday in Des Moines, Iowa.”
Claiming the place was packed made me a chuckle. More likely the attendance was pitiful or there was a monetary reward to attend.
“Shouldn’t Romney be wiping the floor with Obama? By the measurements Romney uses again and again in his speeches — prolonged high unemployment, a failed economy and the unpopularity of Obamacare — shouldn’t Americans be rallying around Romney by a significant majority by now?”
“After all, how long can Romney wait to catch fire? The election is only about three months away.”
“In the Republican primary debates Romney did win, he usually won by appearing more presidential than the others in the very weak and sometimes wacko Republican field.”
“Romney said in that Des Moines auditorium, “The American people are tired of being tired.””
“But if the recent polls are correct, the American people also may be tired of Mitt Romney.”
I think Bain Capital will provide the spark by which Romney will self-immolate his chances of the presidency and I hope the presidential nomination.
‘I’m sick to my stomach’: anger grows in Illinois at Bain’s latest outsourcing plan
[Ed. Note: It’s a shame that we have to get so much of our “real news” from sources outside of the United States. The domestic mainstream news media in the United States is a Bankster-bought-and-paid-for joke.]
“The Sensata plant in Freeport is profitable and competitive, but its majority owner, Bain Capital, has decided to ship jobs to China – and forced workers to train their overseas replacements.”
“It’s a surreal experience, they say. For months they have watched their plant being dismantled and shipped to China, piece by piece, as they show teams of Chinese workers how to do the jobs they have dedicated their lives to.”
“But, in the midst of the 2012 presidential election, Freeport is different. For Sensata is majority-owned by Bain Capital, the private equity firm once led by Mitt Romney, that has become a hugely controversial symbol of how the modern globalised American economy works. Indeed, Romney still owns millions of dollars of shares in the Bain funds that own Sensata”
Romney’s Death Squad Ties: Bain Launched With Millions From Oligarchs Behind Salvadoran Atrocities
Governor of Maine threatens RNC boycott if Paul delegates aren’t seated
Romney Ties to Allen Stanford Ponzi Scheme as Partners
Allen Stanford Sentenced To 110 Years In Prison For $7 Billion Ponzi Scheme
More Evidence Emerges on How Obama Protects Wall Street Criminals
“A brief and important article here by Eileen Foster in Rolling Stone. Eileen was a Home Loans executive at Countrywide in 2007. When she started to blow the whistle on gigantic fraud at the company she became a target. She states that:”
“Countrywide managers went after my job and reputation, intimidating witnesses and altering statements.”
“We opened many of these investigations on whistleblowers’ tips. Later I learned that many of those reporting or challenging fraudulent practices were transferred, demoted, harassed or fired in reprisal. To suppress whistleblowers and their concerns, Countrywide directed them to report their allegations to the suspect officials’ managers. It was a trap, and the system was rigged. Instead of taking action, the managers would then share the information with the suspects themselves, who would then hit back at the whistleblowers.”
“Since then, I’ve found there were scores of whistleblowers inside Countrywide and then BofA. Trumped-up investigations were widely used to discredit us. The inner circle at both corporations operated like the mob: company staff, including attorneys, often worked to silence employees, using weapons like blacklisting, hush money and confidentiality agreements. The upper echelons at BofA attempted to buy my silence with more than $200,000; I refused. Instead I chose what could become a decade-long battle to see the guilty held accountable.”
“Over the last 10 years, the Department of Labor has found merit in less than 2% of over 1200 whistleblowers cases brought under the Sarbanes Oxley Act. The vast majority having been dismissed on legal technicalities without any investigation into the potential crimes being reported.”
Nine Nobel Peace Laureates Call on NBC to Cancel “Stars Earn Stripes”
Pitchfork-wielding Virginia farmers rally against birthday party fine
Darrell Issa to Sue Eric Holder Monday
Catholic Church Makes A Fortune In The German Porn Business