Friday, October 26, 2012

Jim Rogers goes Short US Treasuries, talks JP Morgan Silver, and a Boom in North Korea!

US GDP rose by two percent in the third quarter, slightly above the 1.9 percent economists forecasted. According to the Bureau for Economic Analysis, the increase was driven by personal consumption and federal government spending. National defense spending, which contributed to the rise in federal expenditures, increased by thirteen percent in Q3 (as compared to a point-two percent defense spending decrease in the prior quarter). Is a recession no longer an immediate concern? We talk to Jim Rogers, author of the book "A Gift To My Children,"

Celente - It’s Not Just Germany’s Gold That’s Missing

It’s not only Germany (who’s gold is missing), it’s the United Sates, it’s all of the countries.  Nobody knows what’s in Fort Knox.  They won’t let anybody in.  Where’s the gold in the United States?  How come we can’t go in and look in Fort Knox?”

How come the people can’t have a reading?  How come we can’t look at it?  How come politicians can’t get in there?  How come no one can get in there?  The gold does not exist.  All this does is confirm what so many of us already know, ‘The Emperor has no gold.’
So they are going to do everything they can to keep driving down the price of gold.... Link full story at KWN

Here is my prediction, I believe at some point there is going to be a new reserve currency, and gold is going to be part of that standard.”

BREAKING….Disaster for Athens as Troika advises EWG to reject austerity plans - The Slog

Major eurozone crisis as Athens denied access to Nov 16th tranche

CRUNCH TIME

Surprise, surprise – the meeting that the EU flatly denied would happen today just wound up. The output is the biggest bombshell to hit the eurozone in a long time: Greece is to be denied access to the next bailout tranche….unless more cuts and reforms beyond those ‘agreed’ last Sunday are forthcoming.
In what looks to me like a pretty serious case of stabbing Antonis Samaras in the front, news is breaking in Athens as I write that an anonymous EU official has confirmed the International Monetary Fund (IMF) report to the
Eurogroup Working Group (EWG) is damning about the cuts ‘agreed’ by Athens last Sunday. This is a direct quote from the document:
(my emphasis)

“It is clear that Greece is off track and there is no chance they will cut the debt to 120 percent of GDP in 2020 as envisaged. It will be rather 136%. New prior actions will be needed, on top of the existing [ones] before any new tranches of eurozone and IMF emergency loans to Greece can be paid.
Shortly after leaving the EWG meeting to leak its entire contents, the eurocrat noted in addition that the costs of a two year extension (the one Schäuble yesterday dismissed as “pure media speculation”) to the Greek repayment schedule “are now seen at around 30 billion euros”.

Better technology to pacify the sheeple while the 'New World Order' does its thing!??? + Welcome to America - Racist Cop vs German Tourist

SATURN presents the new TV spot "sports bar" of the current campaign "The world needs better technology." Source For sheeple sheering!?
Welcome to Amerika (Racist Cop vs German Tourist)

Italy’s former PM Berlusconi sentenced to 4 years in prison for tax fraud

By Al Arabiya with Agencies: Italy’s former prime minister Silvio Berlusconi was sentenced to four years in prison for tax fraud connected to his Mediaset television channels Friday, and was banned from holding public office for three years by a Milan court.

Berlusconi has the right to appeal the ruling two more times before the sentence becomes definitive and will not be jailed unless the final appeal is upheld. Prosecutors had asked for a jail sentence of three years and eight months.


The court also ordered damages provisionally set at 10 million euros ($12.96 million) to be paid by Berlusconi and his co-defendants to tax authorities.

Prosecutor Fabio De Pasquale said in June that Mediaset costs for the films had been inflated by $368 million from 1994 to 1998, and by 40 million euros from 2001 to 2003.

Berlusconi was at “the top of the chain of command in the sector of television rights until 1998,” De Pasquale said at the time, according to AFP.


The ruling comes two days after Berlusconi, 76, confirmed he would not run in next year’s elections as the leader of his center-right People of Freedom (PDL) party.

One Quarter Of All Spanish Workers Without A Job: Female Unemployment In Ceuta Region Hits 57%

Tyler Durden's picture One in four Spaniards are now officially out of work - well over double the euro-area's average 11.4% rate. This is the highest rate of unemployment since the Franco dictatorship ended in the mid-1970s as 5.8 million now stand idle. Perhaps more stunning is the fact that eight of the bailout-nation's regions have higher unemployment rates than the national average with Cueta at a stunning 41.03% (with women's unemployment rate in that region an almost incomprehensible 56.92%)!! The YoY increase of almost 800,000 people unemployed leaves 1.74 million households with no members employed. As one would expect, loan delinquencies are also surging as Caixabank just almost doubled its pool of bad loans in the third quarter. While Rajoy fiddles...
Spain's Unemployment Rate Hits 25.02% - the highest since the 1970s!

EXODUS: Morris Comment on Bani Walid Disaster

By I believe Bani Walid is being attacked under orders from a small elite living in London, Paris, New York and Israel. It is simply a part of NATO's general war on all indigenous people. And under the mythological need for genetic diversity all these people are being forced into exile. Explanation for the video used is here: http://www.youtube.com/watch?v=6IJefPkBaDk Titled: "Bani Walid People Refused Right of Return - Stranded in a Valley" Source

What’s wrong with the UK economy? - Free E-Book

What's wrong with the economy Ebook - Free DownloadSave Our Savers is pleased to publish a new e-book, “What’s Wrong with the Economy?”
It’s been over five years since the financial crisis hit and yet, despite a small uptick in quarterly GDP, there is still no sign of a sustained recovery. According to Sir Mervyn King, it could be at least five years away. Yet interest rates have been at a record low for over three years and QE has supposedly pumped £375 billion into the economy. Why has this not produced the promised growth?
The better we understand our financial plight, the more difficult it will be for politicians, bankers and economists to mislead us. Ever eager to win votes by spending taxpayers’ money, do our short-termist politicians even understand how wealth is actually created in? When the Prime Minister, Deputy Prime Minister and even the Chancellor confuse “debt” with the “deficit”, just how well informed are the people making the vital decisions about our future?
In conjunction with The Cobden Centre and The Adam Smith Institute, we have prepared a layman’s guide which aims to cut through the baffling economics and jargon and explain the situation as clearly as possible.
Steve Baker, chairman of the All-Party Parliamentary Group on Economics, Money and Banking says: This invaluable guide should be essential reading for anybody wanting to make sense of our economic plight, starting with every one of our MPs.”
It is free for you to read online, to print or to download as a pdf. If you find it enlightening, do please share it with others. Source

Asian economies turn to yuan

By Gao Changxin: A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said.

The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved closer to its long-term goal for the renminbi to become a global reserve currency.

Since the global financial crisis, the report said, more and more nations, especially emerging economies, see the yuan as the main reference currency when setting their exchange rate.

And now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute's website.

The South Korean one, for example, has appreciated in sync with the renminbi against the dollar since mid-2010.

China has long vowed to raise its currency's global sway, along with the rise of its economy, which became the world's second-biggest last year.

The Dark Age of Money - Milton Friedman and the Rise of Monetary Fascism

By JAMES C. KENNEDY: If you often wonder why ‘free market capitalism’ feels like it is failing despite universal assurances from economists and political pundits that it is working as intended, your intuition is correct.  Free market capitalism has become a thing of the past.  In truth free market capitalism has been replaced by something that is truly anti-free market and anti-capitalistic.  The diversion operates in plain sight.
Beginning sometime around 1970 the U.S. and most of the ‘free world’ have diverged from traditional “free market capitalism” to something different.  Today the U.S. and much of the world’s economies are operating under what I call Monetary Fascism: a system where financial interests control the State for the advancement of the financial class.  This is markedly different from traditional Fascism: a system where State and industry work together for the advancement of the State.
Monetary Fascism was created and propagated through the Chicago School of Economics.  Milton Friedman’s collective works constitute the foundation of Monetary Fascism.  Knowing that the term ’Fascism’ was universally unpopular; Friedman and the Chicago School of Economics masquerade these works as ‘Capitalism’ and ’Free Market’ economics.
The foundation of Friedman’s corrupting principle is that the investor (money to be more precise) has no duty, obligation or covenant to anyone or anything.  Friedman’s ‘Market’ is not subject to ‘any’ human standard of morality, political limitations or national interests.  Money is free to act without bounds or conventions.  Nothing is prohibited as long as the market can provide a “clearing price”.

Rothschild Illuminati Pyramid - Surrender Of The Sheeple To Lucifer - Anthony J Hilder

Anthony J Hilder on the Rothschild Estate in England. A glass pyramid where it is said that Rockstars Entertainers and notables gather to wear ceremonial robes and do homage to Lucifer in gratitude for their positions. Called The Temple Of Apollo by the locals.

United Nations to establish dedicated investigations unit for civilian deaths caused by U.S. drone strikes

By Madison Ruppert: With the drone war on the rise – both domestically and internationallytechnological advancements leading the way for even more frequent use, the United Nations has announced that they are going to set up a Geneva-based unit dedicated to investigating drone strikes carried out by the United States.
Interestingly, it seems the UN is focusing solely on the U.S. while human rights lawyers have previously pointed out that British civilians participating in the drone program can actually be held partially responsible for the murders carried out under said program.
The announcement came from Ben Emmerson QC, a UN special rapporteur, in a speech to Harvard law school, according to the British Guardian.
In the speech Emmerson also reportedly called secret renditions and waterboarding crimes under international law, which they both quite clearly are.
The U.S. military and Central Intelligence Agency (CIA) have both been sued in the past over the drone assassination program, but as of yet nothing has come from it and it may be somewhat pessimistic but I don’t think the UN will be able to do much about it either.
Emmerson also called for investigations into US drone attacks earlier this summer, warning that some of the strikes in Pakistan may indeed be war crimes.