Saturday, March 17, 2012
Marc Faber does not mince words. He believes that the money printing policies of the Federal Reserve and its sister central banks around the globe have put the world's currencies on an inexorable, accelerating, inflationary down slope.
The dangers of money printing are many, in his eyes. But in particular, he worries about the unintended consequences it subjects the populace to. Beyond currency devaluation, it creates malinvestment that leads to asset bubbles that wreak havoc when they burst. And even more nefarious, money printing disproportionately punishes the lower classes, resulting in volatile social and political tensions.
It's no surprise, then, that he's feeling particularly defensive these days. While he generally advises those looking to protect their purchasing power to invest capital in precious metals and the equity markets (the rationale being that inflation should hurt equity prices less than bond prices), he warns that equities appear overbought at this time.
Submitted by Tyler Durden:
George Orwell was right. He was just 30 years early.
In its April cover story, Wired has an exclusive report on the NSA's Utah Data Center, which is a must read for anyone who believes any privacy is still a possibility in the United States: "A project of immense secrecy, it is the final piece in a complex puzzle assembled over the past decade. Its purpose: to intercept, decipher, analyze, and store vast swaths of the world’s communications as they zap down from satellites and zip through the underground and undersea cables of international, foreign, and domestic networks.... Flowing through its servers and routers and stored in near-bottomless databases will be all forms of communication, including the complete contents of private emails, cell phone calls, and Google searches, as well as all sorts of personal data trails—parking receipts, travel itineraries, bookstore purchases, and other digital “pocket litter.”... The heavily fortified $2 billion center should be up and running in September 2013." In other words, in just over 1 year, virtually anything one communicates through any traceable medium, or any record of one's existence in the electronic medium, which these days is everything, will unofficially be property of the US government to deal with as it sees fit.
The codename of the project: Stellar Wind.
As Wired says, "there is no doubt that it has transformed itself into the largest, most covert, and potentially most intrusive intelligence agency ever created."
And as former NSA operative William Binney who was a senior NSA crypto-mathematician, and is the basis for the Wired article (which we guess makes him merely the latest whistleblower to step up: is America suddenly experiencing an ethical revulsion?), and quit his job only after he realized that the NSA is now openly trampling the constitution, says as he holds his thumb and forefinger close together. "We are, like, that far from a turnkey totalitarian state."
Ripping out client eyeballs and losing millions for a free breakfast; maggots of risk and plastic financial apartheid. In the second half of the show Max talks to filmmakers William Gagan and Geoff Shively about their crowd funded journey to Syria and 'fake' activists and, with the introduction of anti-free speech laws in Chicago, the filmmakers discuss the small drone helicopters they have acquired for reporting on the NATO summit. Source
Alex also talks with Infowars.com editor and journalist Patrick Henningsen in-studio. Alex covers the latest news, including more bad news about the economy with gasoline prices leading the charge as the cost of living and inflation move upward despite rosy predictions of recovery by the government. Source
Alex sits down for an exclusive in-depth interview with Speed-Metal legend and Megadeth leader, Dave Mustaine. This is Dave's few in recent times, he talks about his early days in Megadeth and Metallica, the 30 anniversary of the two bands, Megadeth's latest release "13", previous releases like "Endgame" and "Peace Sells". Dave discusses his personal challenges, and of course he covers his own recent statements that appeared in the press about Rick Santorum. This is the groundbreaking Mustaine interview that cannot be missed! Source