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STOCKS TEND TO GO VERTICAL AT THE WORST TIMES: 1999, 2007, 2013 – ALL HAVE THE SAME SYMPTOMS. EXTREMELY HIGH SHILLER PE, NO EARNINGS GROWTH, FLAGGING ECONOMY…

The US Economic Data Performance Is The Equal Worst (With Japan) Of All Major Economic Nations And Regions

We continue to hear that the US is the cleanest dirty shirt or that the US economy is doing ‘relatively’ well as a reason for buying stocks now. Not only is this plainly incorrect (as we have pointed out rather vociferously in the recent past) it flies the face of the disconnect between macro [...]

Banks Win Big As Regulators Refuse to Rein in $700 Trillion Derivatives Market

 

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… Pays ‘little or no corporate tax in any country’!!!

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 [...]

“It’s Not a Conspiracy Theory… It Is Happening Right Now”

Mac Slavo
May 20th, 2013
SHTFplan.com

 

The Posse Comitatus Act of 1878 was originally established to protect American citizens from the federal use of military troops to enforce and execute the laws of the land unless expressly authorized by the Constitution or  Congress. Since then, for over a century, this task has fallen upon local and federal law enforcement. But with the War on Terror taking center stage in the United States for [...]

TORNADOES RIP OK: Two Schools Completely Destroyed And More Than 2 Dozen Elementary School Children Reportedly Killed

Photos, Social Media Capture Terror of Okla. Tornadoes

Violent Tornadoes in Oklahoma

Severe thunderstorms developed in the Nation’s Heartland on Monday, producing violent tornadoes that ripped through the Oklahoma City and Tulsa metropolitan areas.

http://www.weather.com/news/tornado-central/more-great-plains-tornadoes-20130520

State Medical Examiner: 37 People Dead, Death Toll Expected To Rise

MOORE, Okla. (CBS Houston/AP) — A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph, setting buildings on [...]

Jim Willie – Coming to a Climax with Gold at $7,000 per Ounce

 

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 [...]

ALERT: China Air Quality Is Considered Unhealthy To Breath!

I check this site time to time due to my travel on business. The air quality is always unhealthy.

Shanghai – PM2.5

Past 24-hour AQI was Unhealthy

Most Recent AQI
May 21, 2013 06 AM

179 AQI

Unhealthy

if at this level for 24 Hours

Concentration: 110.0 µg/m³

http://www.stateair.net/web/post/1/4.html

Mukk1234

Selling Right Before A Mega-Crash – Goldman Sachs Always Get It Right

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 [...]

7 Things About The Mainstream Media That They Do Not Want You To Know

by Michael

Have you ever wondered who controls the mainstream media?  In America today, we are more “connected” than ever.  The average American watches 153 hours of television a month, and we also spend countless hours watching movies, playing video games, listening to music, reading books and surfing the Internet.  If someone could control the production of all of that media, that would make them immensely powerful.  They would literally be in [...]

Do you really think they’re there to represent you? Or to gain wealth for themselves?

Mac Slavo
May 20th, 2013
SHTFplan.com

 

 

They write the rules. One set for them. One set for us.

50 million of our fellow countrymen starve and depend on paltry government distributions to put food on the table every month. Millions have lost their homes and their jobs. And future generations are saddled with trillions of dollars in debt that can never be repaid.

All the while, those who are supposed to serve the people have [...]

High Crimes: Half Of Americans Want Obama Impeached (Including Democrats!)

Mac Slavo
May 20th, 2013
SHTFplan.com

 

 

Conservative think tank and media outlet WND conducted an independent polloverseen by research firm Wenzel Strategies asking Americans if they think President Obama should be impeached for the various scandals currently in the news – the specific targeting by the IRS of conservative groups and Obama enemies, the illegal wiretapping for personal gain of AP news journalists, and the cover-up of the events leading up to the death of four [...]

‘Climate Risk Scientist’ Tells FOX News “Solar Flares” May Cause North Atlantic Tsunami May 20

Boston News, Weather, Sports | FOX 25 | MyFoxBoston

The Number of the Beast Is 1667 – The Devil, of course, always claims to be “doing God’s work

by Charles Hugh-Smith

The Devil is in the details.

The Devil, of course, always claims to be “doing God’s work.” Satan’s job, as it were, is to deceive, and if claiming to be “doing God’s work” deceives the credulous, then by golly, Satan will do so with the utmost sincerity.

If mixing in a bit of truth to a slurry of lies deceives the credulous, then Satan will happily mix up a batch of [...]

This Crisis Is 30 Times Bigger Than Greece

by Phoenix Capital Research

 

Japan has fueled much of this latest rally in stocks, driving the marketing first with promises of money printing by the Prime Minister in November 2012, and then a massive $1.2 trillion QE program announced by the Bank of Japan last month.

The result of this has been a collapse in the Yen and a 70%+ rally in the Nikkei in the last six months.

This has been the fundamental [...]

Gerald Celente On Fire – “Leading Into Disaster”

 

“Barack Obama’s “American” values, The Associated Press reports that the Obama Administration seized phone records… & “war time sex slaves were necessary” says Japanese mayor! NO OUTRAGE?!”

We Are In The Midst of A Depression- Long Term Downturn With Economic Growth Below Trend And People’s Standard of Living Drops Significantly

“We don’t have to worry about a recession — we are in a depression,” says Jim Rickards.

“We don’t have to worry about a recession — we are in a depression,” says James Rickards.

“If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression,” says the senior managing director of Tangent Capital and author of “Currency Wars.”

Rickards [...]

Is A US Dollar Collapse Possible?

 

“The Refusal of King George III to Allow The Colonies To Operate An Honest Money System, Which Freed The Ordinary Man From The Clutches of The Money Manipulators Was Probably The Prime Cause Of the Revolution.”
-Benjamin Franklin, U.S. Founding Father

Mohamed El-Erian: We should listen to what gold is really telling us

from FT:

 

There is no better topic than gold to polarise an investment discussion. So the recent sharp drop in the metal’s price has pushed to fever pitch the debate between two camps with deeply held convictions: those who view gold as overvalued and lacking both income and capital appreciation attributes; and those who feel it is only a matter of time before others appreciate again gold’s unique role as an [...]

DOJ TARGETED FOX NEWS REPORTER: Tracked Movements Via Key Card, Traced Calls, Searched Email

A rare peek into a Justice Department leak probe

When the Justice Department began investigating possible leaks of classified information about North Korea in 2009, investigators did more than obtain telephone records of a working journalist suspected of receiving the secret material.

They used security badge access records to track the reporter’s comings and goings from the State Department, according to a newly obtained court affidavit. They traced the timing of his [...]

Fresh Plunge in Precious Metals “Natural” as Bearish Money Managers Hold “Upper Hand” Over Asian Household Buyers

London Gold Market Report

from Adrian Ash, BullionVault

Mon 20 May, 08:15 EST

 

Fresh Plunge in Precious Metals “Natural” as Bearish Money Managers Hold “Upper Hand” Over Asian Household Buyers

 

WHOLESALE PRICES for gold and silver rallied from a fresh plunge in early London dealing on Monday, rising to stand unchanged and 2.3% lower respectively from the end of last week’s trade by lunchtime.

Asian stock markets closed sharply higher, even as the Japanese Yen reversed [...]

Silver Surges 6.8% From Lows After Slammed 10% Lower In 4 Minutes

by GoldCore

 

Today’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Friday’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.

Gold fell $22.20 on Friday to $1,364.90/oz and silver closed at $23.632.

Silver fell victim to heavy, concentrated selling overnight in thin, illiquid Asian trading. Silver was slammed by 10% and fell from $22.36/oz to $20.30/oz in just four minutes – from 23:05 GMT to [...]

Jeff Gundlach: “We Are Drowning In Central Banking”

 

Star bond investor Jeffrey Gundlach says central banks around the world are distorting markets with enormous and ever-increasing quantitative easing programs, which he doesn’t see ending anytime soon.

The QE Scam Is Going To End With A Financial Collapse That Will Shake The Financial Foundations Of The World

It is generally well known that the major new york banks and hsbc are naked shorting gold and silver, aka selling contracts that they do not have the gold and silver inventory to deliver on if the buyer asked for delivery.

On the other hand the privately owned central banks of the world are taking delivery of gold and so this puts the lie to bernankes trashing of gold, but of [...]

Anonymous IRS official — everything comes from the top… McConnell: ‘There is culture of intimidation throughout administration’

A story in the Washington Post yesterday about the Internal Revenue Service’s Cincinnati office, which does most of the agency’s nonprofit auditing, clearly contradicted earlier reports that the agency’s targeting of Tea Party groups was the result of rogue agents.

The Post story anonymously quoted a staffer in Cincinnati as saying they only operate on directives from headquarters:

As could be expected, the folks in the determinations unit on Main Street have had trouble [...]

Effective Immediately: All Semi-Automatic Pistols Sold In California to Require “Micro Stamp” Ballistic Identification

Mac Slavo
May 19th, 2013
SHTFplan.com

 

 

In a controversial move that some believe will essentially lead to a de facto ban on semi-automatic handguns, Attorney General Kamala Harris announced that, effective immediately, all new semi-automatic firearms sold in the State of California will require a unique microstamp on every shell ejected when a gun is fired.

Microstamping, or ballistic imprinting, is a technology patented in the 1990?s by engineer and NRA member Todd Lizotte. When a gun [...]

GOLD EXCHANGE DEFAULT: Clients to be cash settled

Here it comes…

The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services () granted by the Securities and Futures Commission (“the SFC”). With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.

http://www.commodities-now.com/news/14514-hkmex-voluntarily-surrenders-automated-trading-services.html

wonder when Co(n)mex will run out?

http://www.24hgold.com/english/interactive_chart.aspx?…decom=GOLD

Wonder what happens if the price [...]

UNITED STATES IS A CORPORATION

US SUSPENDS CONSTITUTION IN PERMANENT WORLD WAR ON TERROR

US suspends Constitution in permanent world war on terror

Two disturbing developments have occurred in the last couple of days that have gone relatively unnoticed compared to the recent IRS, AP, and Benghazi scandals.

First, the senate is debating an expansion of the already broad powers of the 2001 Authorization to Use Military Force (AUMF) so the U.S. can essentially engage any area in the world in the war on terror, including [...]

Gold In 2013 – Too Many Mysteries Remain Inexplicable

by goldsilverworlds

Let’s go straight to the conclusion: too many mysteries are occurring in the gold market, in 2013, to accept them as regular facts. No matter at which “side” you are of what we consider the most controversial asset, you simply cannot deny that the following list of events is something stronger than suspicious. Most importantly, although the mainstream media were very fast to announce the potential sale of 10 tonnes [...]

China has been lying their asses off about their economic figures!! Doubling reality in some cases!

China Has Been Inflating Its Exports Numbers All Year, In Some Cases Doubling The Actual Figures

China has over-reported its exports for the last five months, inflating the apparent demand for its products overseas, according to a new research report.
Official customs data showed a surge in exports, but imports reported by trading partners don’t match up. Capital Economics, a research firm, estimated the actual exports expanded only half the 17 percent [...]

BREAKING: Quakes are starting to pick up, Baja Mexico, Chile, Russia, Argentina, Bolivia, 3 Quakes in Taiwan in last hour

Spike in seismic activity in the past hour around the globe
especially Russia which has been shaking like crazy for days

http://gimquakesmap2.com/

http://hisz.rsoe.hu/alertmap/index2.php

last 10 quakes in Taiwan

http://hisz.rsoe.hu/alertmap/site/index.php?pageid=seism_last&rid=327482

 

Earthquakes

Magnitude 7.2 KURIL ISLANDS April 19, 2013
Magnitude 6.6 NEAR NORTH COAST OF NEW GUINEA, P.N.G. April 16, 2013
Magnitude 7.8 IRAN-PAKISTAN BORDER REGION April 16, 2013
Magnitude 6.6 BOUGAINVILLE REGION, PAPUA NEW GUINEA April 14, 2013
Magnitude 7.0 PAPUA, INDONESIA April 06, 2013
Magnitude 6.5 NEW BRITAIN REGION, PAPUA NEW GUINEA March 10, [...]

China Bubble or Breakout?

from Armstrong Economics:

Politicians in the USA like to point their collective finger at China for corruption problems while they sanction a legalized system of corruption that ensured the NY bankers will NEVER be prosecuted. Furthermore, in the USA, politicians receive untold millions legally funneled to them by political action committees. The PACs assure that Congress votes the way that those who provide the money want it to. Why is Goldman Sachs above the [...]

WORLD UPSIDE DOWN: Up to TWENTY-FOUR children feared dead in rubble of flattened elementary school after giant TWO-MILE tornado rips through densely-populated suburb of Oklahoma City

Two entire schools flattened in Moore, Oklahoma after monster tornado touched down just after 3pm local time
Up to two dozen children are trapped under debris at one of the schools, Plaza Towers Elementary
At least 51 people confirmed dead, authorities say, and at least another 145 injured in local hospitals
Children told to hold on to the walls, while teachers shielding the students with their bodies
Hundreds of homes wiped out and more than [...]

Sheriff Arpaio Obama Investigator: New Obama Revelations In Two Weeks

from BirtherReportDotCom:

Parking Regulations Driving Away Business!

from ReasonTV :

CIA source says Fox News scandal the “4th Shoe”

Washington Times columnist Joseph Curl on Monday said the Obama administration’s developing scandal involving the monitoring of Fox News reporter James Rosen’s email accounts goes “much deeper.”

Citing a “CIA source,” Curl claimed via his official Twitter account that the Fox News scandal was the “4th Shoe” and the White House is sitting on “something” that has top White House aides “terrified.”

http://www.theblaze.com/stories/2013/05/20/washington-times-writer-fox-news-scandal-goes-much-deeper-w-h-sitting-on-something-top-obama-aides-terrified-about/

Incredible Footage Of China Demolishing Miles Of Elevated Road In Just A Few Seconds

Check out this video from Bloomberg.com:

http://www.businessinsider.com/video-china-demolishes-bridge-2013-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29

Doctors increasingly declaring bankruptcy as Obamacare kicks in

(NaturalNews) Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.

Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by [...]

IRS Scandal – Tea Party Patriots To Nationwide Protest – Michelle Malkin – Megyn Kelly

America Your Freedom At Risk!
IRS Scandal Tea Party Patriots To Nationwide Protest – Michelle Malkin – Megyn Kelly

 

First Lady: ‘I Could Take Up A Whole Afternoon Talking About’ Obama’s Failures

NASHVILLE, Tenn. (CBS Charlotte/AP) — First lady Michelle Obama has some advice for some Tennessee high school graduates: Strike your own path in college and life and work to overcome inevitable failures with determination and grit.

Mrs. Obama spoke for 22 minutes to the graduates of Martin Luther King Jr. Academic Magnet High School on Saturday in her only high school commencement address this year. The ceremony took place in the gymnasium [...]

Dr. Ron Paul – The IRS’s Job Is To Violate Our Liberties

Eric Holder: Fox News is a Conspirator

A Fox News correspondent was accused in a Justice Department affidavit of being a possible criminal “co-conspirator” for his alleged role in publishing sensitive security information — in a leak case that takes the highly unusual step of claiming a journalist broke the law.

According to court documents, the Justice Department obtained a portfolio of information about Fox News’ James Rosen’s conversations and visits to the State Department. This included a [...]

BREAKING: Russia adds two large landing ships to Mediterranean fleet

RUSSIA-NAVY-MEDITERRANEAN

Moscow, May 20 (Interfax-AVN) – The Nikolai Filchenkov and the Azov large landing ships of the Russian Black Sea Fleet have begun a Mediterranean mission in the planned rotation of the inter-fleet group, fleet spokesman and Captain 1st Rank Vyacheslav Trukhachev told Interfax-AVN on Monday.

http://www.interfax.co.uk/ukraine-news/two-large-landing-ships-of-russian-black-sea-fleet-join-mediterranean-force-2/

Alligator-class landing ship

http://en.wikipedia.org/wiki/Alligator_class_landing_ship

Russian Pacific Fleet Warships Enter Mediterranean For First Time In Decades, To Park In Cyprus

Earlier we reported that the US has now officially landed a Marine [...]

Chinese Hackers Gained Access To Database With Massive Files on U.S. Intelligence Targets

Chinese hackers who breached Google’s servers several years ago gained access to a sensitive database with years’ worth of information about U.S. surveillance targets, according to current and former government officials.

The breach appears to have been aimed at unearthing the identities of Chinese intelligence operatives in the United States who may have been under surveillance by American law enforcement agencies.

It’s unclear how much the hackers were able to discover. But [...]

Fantastic post exposes the ridiculous belief at the heart of the Obamacare boondoggle

From Junk Science:

With the IRS scandal shining a much-needed light on the miserable agency that would be the majordomo of Obamacare, we should also examine the preposterous “reasoning” at the heart of the Patient Protection and Affordable Care Act (PPACA)…

I refer to the quite foolish notion that making insurance more available, albeit not necessarily more affordable, is somehow the biggest problem facing our failing health care system.

Let’s try an analogy: [...]

Caught on video: Terrifying moment massive tornado slammed into suburb of Oklahoma City

The true scale of the tornado that swept through much of Oklahoma was captured by a number of home-made videos that show the precursor for the devastation on Monday.

At least five people are believed to be dead, two elementary schools have been flattened and scores of students could be trapped under the rubble after a two mile-wide tornado touched down in a highly-populated suburb of Oklahoma City in one of [...]

TORNADOES RIP OK MILE-WIDE FUNNEL 200 MPH WINDS

Live Streaming

http://kfor.com/on-air/live-streaming/

MOORE, Oklahoma -

A massive tornado ripped across Moore Monday afternoon, wiping out neighborhoods, destroying a school, killing at least three people and leaving an untold number of people injured.

The powerful tornado first touched down in Newcastle and churned toward Interstate 44 and S.W. 149th Street. It ripped down Santa Fe and hit Briarwood Elementary School, destroying the building. Parents ran to the school, trying to make sure their children were [...]

Riots in Stockholm After Police Shooting

Niclas Rolander
Wall Street Journal
May 20, 2013

Rioting youth torched cars and fought police in a Stockholm suburb into the early hours of Monday, injuring four police officers and causing substantial damage to property.

The rioting was caused by anger over the fatal police shooting of an elderly man in the Husby area a week ago, according to Megafonen, a local youth organization.

Police said between 60 and 100 persons, most of them young [...]

Apple pays no tax on much of its overseas income, Senate panel finds

Apple’s Tim Cook will make his debut testifying before Congress on Tuesday, when the chief executive will press lawmakers to simplify corporate taxes as well as defend the company’s tax practices.

Cook will appear before the Senate Homeland Security subcommittee on investigations, which is looking into what it calls “the structures and methods employed by multinational corporations to shift profits offshore” and how that affects taxes paid. Read hearing announcement and witness [...]

Teen invents 20-second cell phone charger

A California teenager has invented a device that fully charges a cell phone in 20 seconds flat, and leading technology firms, including Google, are turning interested eyes her way.

http://www.washingtontimes.com/news/2013/may/20/teen-invents-20-second-cell-phone-charger/