Well worth listening to.
Top 5 Places NOT To Be In A Dollar Collapse
All currencies﻿ have arbitrary fiat value.
Gold is just a commodity it’s no better than paper currency when it’s being used.
That’s one of many reasons we should abandon the proxy barter system and start switching over to a resource based economic scientifically designed to meet human needs and maximize creative freedoms. All money does is create a system of [...]
What is going to happen when the greatest economic bubble in the history of the world pops? Themainstream media never talks about that. They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay. Sadly, that is not the case at all. [...]
Weather patterns are becoming increasingly erratic and the ground under our feet is becoming extremely unstable. So precisely what in the world is going on here? Is this the beginning of a trend? Could it be possible that we are entering the worst period for natural disasters in U.S. history? The tornado that just hit the town of Moore, Oklahoma is already being called one of the most destructive tornadoes [...]
WASHINGTON – A top IRS official in the division that reviews nonprofit groups will invoke the Fifth Amendment and refuse to answer questions before a House committee investigating the agency’s improper screening of conservative nonprofit groups.
Lois Lerner, the head of the exempt organizations division of the IRS, won’t answer questions about what she knew about the improper screening – or why she didn’t reveal it to Congress, according to a letter from her [...]
The Internal Revenue Service (IRS) demanded information about conservative groups’ college-aged interns, prompting outrage from one of the country’s top conservative activist organizations and leading one former intern to wonder whether his family’s pizza parlor would be endangered.
The IRS requested, in an audit, the names of the conservative Leadership Institute’s 2008 interns, as well as specific information about their internship work and where the interns were employed in 2012, according [...]
May 21st, 2013
It’s not a stretch to suggest that Americans are over medicated. In 2011 doctors across the nation wrote an astounding four billion medical prescriptions, amounting to an average of 13 prescriptions for every man, woman and child in the United States.
In the next few weeks the American Psychiatric Associations is releasing their updated fifth version their Diagnostic and Statistical Manual of Mental Disorders (DSM-5); the so-called ‘bible’ of [...]
Porter Stansberry: There is now a 100% chance of a market collapse
…Historically, looking at the two commodities, the average multiple of gas to oil was about 10x. That is, a barrel of oil was, on average, 10 times more expensive than one thousand cubic feet of gas. By last April, that premium had reached an all-time high of 55 times.
There was no way that kind of price relationship could have [...]
by Phoenix Capital Research
Two big events have occurred/ are occurring.
Charles Evans who is one of the biggest pushers for QE, stated that the Fed has “the appropriate monetary policy in place” and that the economy is “improving quite a lot.”
The Bank of Japan is beginning a two-day policy meeting today.
Regarding #1, Evans has been one of the biggest pushers for more QE. Throughout 2011 and 2012, every time he appeared on [...]
Video from a shelter as the tornado passes directly overhead
The EU reportedly has agreed with “overwhelming majority” that from 2016, savers must bleed event of bank failure. Deposits over 100000 euros are then gone. EU Law Committee: Cyprus was a model.
The Legal Affairs of the European Parliament has reportedly expressed yesterday evening with “overwhelming majority” for expropriating savings of about 100000 euros, if a bank goes bankrupt. An appropriate legislative proposal agreed to the Legal Affairs of the European Parliament. Balances below 100000 [...]
DAY 1 CONVECTIVE OUTLOOK
NWS STORM PREDICTION CENTER NORMAN OK
1259 AM CDT TUE MAY 21 2013
VALID 211200Z – 221200Z
…THERE IS A MDT RISK OF SVR TSTMS ACROSS PARTS OF SW AR…SE
OK…NW LA…CNTRL TX AND NE TX…
…THERE IS A SLGT RISK OF SVR TSTMS ACROSS PARTS OF THE SRN
PLAINS…OZARKS…MID MS VALLEY…OH VALLEY AND GREAT LAKES…
…SRN PLAINS/ARKLATEX/MID-MS VALLEY…
AN UPPER-LEVEL TROUGH WILL MOVE EWD FROM THE SRN ROCKIES INTO THE
SRN PLAINS TODAY. AT THE [...]
Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.
Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we [...]
Bill Black: Weakness of financial regulators shows you can not “tame the scorpion”.
5 commercial mega-banks continue to trade roughly $300 trillion in unregulated derivatives. In other words unregulated derivatives are 32 times total U.S. deposits and 11,900 times the FDIC’s paltry $25 billion insurance fund.
Senate investigators: APPLE avoided $44 billion in taxes
Senate investigators accuse Apple of wiring together a complicated system to shield billions of dollars in international profits from both U.S. and foreign tax collectors.
A report released ahead of Apple CEO Tim Cook’s inaugural Capitol Hill appearance Tuesday alleges the tech giant took advantage of numerous U.S. tax loopholes and avoided U.S. taxes on $44 billion in offshore, taxable income between 2009 and [...]
http://usawatchdog.com/bank-run-happe… Jim Willie of GoldenJackass.com says, “Before, they were talking about stress tests. Now, they realize that all of them in the past were a fraud. So, they are talking about ‘bail-ins’ because they are expecting failures.” Dr. Willie contends, “It’s all coming to a climax where gold is going to be central with a gold-trade central bank and gold priced at $7,000 per ounce.” Join Greg Hunter as he goes [...]
Goldman Is Selling The Last Of Its Stake In A Chinese Bank, And Communist Officials Are Probably Pretty Annoyed
Goldman Sachs bought a stake in the Industrial and Commercial Bank of China before it was cool — before it had the 2nd largest IPO in the history of the world in 2006, and before it was the largest bank in the world by market cap.
Initially, Goldman owned 4.9% of the bank, whose stock is [...]
In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine whether the markets are soaring or crashing but find it impossible to determine as long standing data patterns have broken down. They discuss feeding the ducks while they’re quacking and bitcoin vigilantes fighting the Fed. In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com about the imminent extinction of the price of gold as well [...]
New images of a possible lost city hidden by Honduran rain forests show what might be the building foundations and mounds of Ciudad Blanca, a never-confirmed legendary metropolis.
Archaeologists and filmmakers Steven Elkins and Bill Benenson announced last year that they had discovered possible ruins in Honduras’ Mosquitia region using lidar, or light detection and ranging. Essentially, slow-flying planes send constant laser pulses toward the ground as they pass over the rain forest, [...]
Watch the white shirt scooter guy top of the video
He hits four vehicles before ending up in a massive hole.
Christine Hughes, President and Chief Investment Strategist, discusses details of Japan’s radical monetary policy.
U.S. stocks rise after Fed officials’ QE signal
…Stocks gained after New York Fed President William Dudley, who is also vice chairman of the Federal Open Market Committee, said that the Fed may adjust the pace of asset purchases up or downdepending on the economic outlook and that he was unsure which way the next change will be.
And St. Louis Fed President James Bullard said Tuesday that the central bank [...]
from Ellis Martin:
David Morgan of The Morgan Report offers clarification over a discrepancy over the position limits with Comex gold that he had with Gene Arensberg of Got Gold Report, or is the other way around? While paper selling exists, the demand for gold and silver has not abated. “Where is the CFTC when you need them?” Silver and gold shorting seems to continue while regulators may be looking the other [...]
Join Mike Maloney, #1 Best Selling Author, in the GoldSilver boardroom as he answers just what is going on with gold and silver prices?
California has effectively banned the sale of all new guns after Attorney General Kamala Harris officiallycertified a law that will require all new semiautomatic handguns to use technology that stamps identifying information on bullet casings. Since gun manufacturers are not likely to spend money retrofitting their entire production lines, California has effectively banned the sale of all new guns.
The law, which was initially signed back in 2007 by then governor Gov. [...]
It appears to me that JPMorgan and their ilk have bought absolutely massive quantities of gold and silver in many different markets. Unfortunately, much of that buying has come as a result of the deliberate and successful manipulation of price in order to force others to sell. I don’t believe that is fair or even legal. Nevertheless the bloodless verdict of the market suggests we are going a lot higher [...]
NEW DELHI, India, May 20, 2013 (ENS) – India’s Ministry of Environment and Forests has decided to forbid the keeping of captive dolphins for public entertainment anywhere in the country.
In a policy statement released Friday, the ministry advised state governments to reject any proposal to establish a dolphinarium “by any person / persons, organizations, government agencies, private or public enterprises that involves import, capture of cetacean species to establish for [...]
Washington » The federal government would start collecting fingerprints from foreigners at the nation’s busiest airports under a plan sponsored by Sen. Orrin Hatch.
The Senate Judiciary Committee accepted the Utah Republican’s amendment to a broad immigration reform bill Monday, saying it is a financially feasible step toward a universal biometric security systemat all land, air and sea ports.
Obama administration officials who were in key positions on Sept. 11, 2012, acknowledge that a range of mistakes were made the night of the attacks on the U.S. missions in Benghazi, and in messaging to Congress and the public in the aftermath.
The officials spoke to CBS News in a series of interviews and communications under the condition of anonymity so that they could be more frank in their assessments. They [...]
More than 72 million Americans are at risk of severe weather.
Yet another outbreak of severe storms and tornadoes is possible Tuesday afternoon and evening in the central USA.
“The atmosphere is prime for tornadoes from northern Texas to Arkansas,” AccuWeather meteorologist Henry Margusity said. “The setup is the same as yesterday, but just farther south.”
More than 72 million Americans are at risk of severe weather Tuesday, according to the Storm Prediction [...]
Public education spending per student fell in 2011 for the first time since 1977, according to the latest data from the Census Bureau.
The 50 states and the District of Columbia spent $10,560 per student in 2011, down 0.4% from the previous year.
New York spent the most at $19,076, the District of Columbia came in second at $18,475, followed by Alaska at $16,674. New Jersey and Vermont rounded off the top five.
“Grant money goes to see if we can’t print perfect, nutritious food.”
NASA has bestowed a $125,000 grant upon a research corporation to pursue the development of 3D-printable food, according to a report from Quartz. Anjan Contractor, who runs Systems & Materials Research Corporation, hopes to design a system that will turn shelf-stable cartridges of sugars, complex carbs, and protein into edible food on demand.
Using reclaimed water to irrigate lawns, parks, gardens, and various other types of landscaping is common in many communities across the U.S., particularly in areas prone to water shortages and drought. But a new study headed by researchers from the University of Maryland School of Public Health suggests that this practice may no longer be safe, as antibiotic-resistant “superbugs” like methicillin-resistant Staphylococcus aureus (MRSA) are now being detected in both [...]
Investors versus Traders: A Battle for Oil & Gas Profits
Source: Zig Lambo of The Energy Report (5/21/13)
The worst may be over for companies and investors who have weathered the depressed gas prices of the past few years, but that doesn’t mean it’s clear sailing from here. In this interview with The Energy Report, Robert Cooper, senior energy analyst with Haywood Securities, talks about the need for selectivity and patience for [...]
There is no word more evocative in the urban vernacular than “suburb.” For most of us, those two syllables conjure a very specific type of place, with a specific kind of people comfortably living there.
“We think about suburbs in one way,” says Elizabeth Kneebone, a fellow at the Brookings Institution‘s Metropolitan Policy Program. “We have a very stereotypical view of suburbs as middle-class, affluent, Leave-It-To-Beaver type places.”
And yet, over the last decade, [...]
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
The solar-panel industry, once fattened by taxpayer subsidies and false hopes, has been in a death spiral around the world. In the US, a slew of photovoltaic standouts like Solyndra went under, taking billions of subsidies and investor capital with them. In Germany, it has been just as brutal. Even large companies are licking their wounds.
Bosch Solar Energy AG will shut down production early next year, after having burned through €2.4 [...]
The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner.
Douglas Shulman, who vacated his position last November when his five-year term expired, told the Senate Finance Committee he didn’t learn all the facts until he read last week’s report [...]
Sharyl Attkisson, the Emmy-award winning CBS News investigative reporter, says that her personal and work computers have been compromised and are under investigation.
“I can confirm that an intrusion of my computers has been under some investigation on my end for some months but I’m not prepared to make an allegation against a specific entity today as I’ve been patient and methodical about this matter,” Attkisson told POLITICO on Tuesday. “I need [...]
From Casey Research:
Like the United States, the European Union relies heavily on Russia and the Commonwealth of Independent States (CIS) for its uranium, as shown in the chart below:
Russia is projected to produce 64 million pounds per year by 2020. The majority – 40 million pounds – will come from Russia itself, and the remainder from its foreign projects in Kazakhstan, Ukraine, Uzbekistan, and Mongolia.
But there’s an often forgotten subsector [...]
From Global Economic Trend Analysis:
Here’s the question of the day: If you have a choice (and you many not for long because companies are abandoning grandfathered plans): Should you skip Obamacare and keep your old plan?
Any policy in place on March 23, 2010, the day health reform was enacted, falls under the grandfather exemption. As the Obama administration put it, if you like your plan, your doctor or both, you [...]