Why Jim Rogers is loading up on North Korean gold

From Newsmax:

Renowned commodities investor Jim Rogers is buying all the North Korean coins he can get his hands on.

At a recent coin fair in Singapore, an assistant for Rogers purchased 13 rare North Korean coins, typically featuring pictures of Korean generals,The Wall Street Journal reported.

“He wanted to buy more, but we only had 13 left,” a representative of the state-owned Korea Pugang Coin Corp. that sold gold and silver coins at [...]

Kim Jong Un convenes emergency meeting, orders rocket units on standby

Kim Jong Un convenes emergency meeting, orders rocket units on standby

REU: N.KOREA LEADER KIM ORDERS ROCKET UNITS ON STANDBY TO FIRE AT U.S. BASES IN THE SOUTH AND PACIFIC

N. Korea state media: Kim Jong Un said “the time has come to settle accounts with the U.S. imperialists”

http://news.sky.com/us/

http://rt.com/

Pyongyang has ordered rocket units be put on standby to fire on US bases in the South Pacific. “The time has come to settle [...]

NKorea Rockets ‘Ready To Hit US Bases’… HAGEL: Have To Take Threat Seriously

North Korea’s leader has told rocket units to be on standby for an attack on US bases, according to state media.

The country’s KCNA news agency said Kim Jong-Un had signed off on the order to train sights on American bases in South Korea and the Pacific after a midnight meeting with top generals.

It comes after two American stealth bombers flew over South Korea in a show of force to Pyongyang, following [...]

North Korea Fires Off Two Short-Range Missiles Into East Sea

Geoffrey Ingersoll
Business Insider
March 15, 2013

A military officer has anonymously tipped the Yonhap news agency that North Korea “test fired” two short range missiles into the East Sea Friday.

“The launch was seen as testing its capability for short-range missiles. It seemed to be conducted on a military-unit level, not at a national level,” the source told Yonhap.

This doesn’t just underscore tensions between North and South, but between hawkish generals and their young [...]

Fox News ends interview abruptly when guest slams network

A Fox News anchor abruptly ended an interview when the guest criticized the news network. Jon Scott was interviewing Thomas Ricks about his book, “The Generals” when Ricks accused Fox News of hyping up the recent attack on the U.S. Embassy in Benghazi.

According to the AP, Scott questioned Ricks as to why he would make such a claim when the attack resulted in the deaths of four Americans, including Christopher [...]

Bad week for U.S. generals… Four-star chief who headed Africa Command is demoted over lavish spending and ordered to repay $82,000

It’s not turning out to be a good week for a number of America’s top generals.

Following the resignation of retired Army Gen. David Petraeus’ as CIA director because of an extramarital affair and the revelation that Marine Gen. John Allen is being investigated for improper communications with a woman, another four-star general is also in the news for the wrong reasons.

Defense Secretary Leon Panetta has reportedly demoted the former head of [...]

20,000-30,000 ‘inappropriate’ e-mails sent to woman who reported harrassment by Petraeus’s mistress

PERTH, Australia — The FBI probe into the sex scandal that prompted CIA Director David Petraeus to resign has expanded to ensnare Gen. John R. Allen, the commander of U.S. and NATO troops in Afghanistan, the Pentagon announced early Tuesday.

According to a senior U.S. defense official, the FBI has uncovered between 20,000 and 30,000 pages of documents — most of them e-mails — that contain “potentially inappropriate” communication between Allen and Jill Kelley, [...]

Feds have 1,900 open cases on waste, fraud of taxpayer stimulus cash

The government’s chief spending watchdogs have already secured nearly 600 convictions and judgments against people and companies accused of misusing stimulus funds and have a whopping 1,900 investigations currently open into possible wrongdoing, officials say.

The wave of scrutiny more than three years after the American Recovery and Reinvestment Act was passed by Congress early in the Obama administration means the question of how money was managed early in the program [...]

Ron Paul Embarrasses Mitt Romney As He Demonstrates TRUE Leadership On Afghanistan “I Make The Decisions! I’m The President! I Tell The Generals What To Do!”

On Afghanistan “I Make The Decisions! I’m The President! I Tell The Generals What To Do!”

Editor’s Note: Originally posted last Summer.

NH GOP Presidential Debate – Jun 14, 2011

If you want more Obama-Bush warmongering, deficit stacking, third-world pillaging, Wall Street sucking, bailout-blowing malfeasance, then step right up for your man Mitt, er Barack, my bad, I mean Robama Obamney.

If we were to rely on our generals, no war would ever end.

Wake up America. [...]

Top U.S. general’s aircraft damaged by rockets in Afghanistan

KABUL (Reuters) – Insurgents fired two rockets at the main NATO airbase in Afghanistan, damaging an aircraft used by U.S. Joint Chiefs of Staff chairman Martin Dempsey, a NATO spokesman said on Tuesday. The general was not on board at the time.

http://ca.news.yahoo.com/top-u-generals-aircraft-damaged-rockets-afghanistan-081309091.html

Egyptian Leader Ousts Military Chiefs

CAIRO — President Mohamed Morsi of Egypt forced the retirement on Sunday of his powerful defense minister, the army chief of staff and other senior generals, moving more aggressively than ever before to reclaim political power that the military had seized since the fall of Hosni Mubarak last year.

Mr. Morsi also nullified a constitutional declaration, issued by the military before he took office on June 30, that had gutted the authority of his office. [...]

Syrian forces kill Saudi head of intilligence

Syria reportedly eliminated Bandar bin Sultan in retaliation for Damascus bombing

Voltaire Network | 29 July 2012

Though not yet announced by the Saudi authorities, the death of Prince Bandar bin Sultan bin Abdulaziz Al Saud has been confirmed to Voltaire Network by unofficial souces.

Prince Bandar had just been appointed head of Saudi intelligence on July 24: a promotion which was interpreted as a reward for having organized the attack in Damascus [...]

North Korea Said to Remove Military’s Lucrative Export Privilege

North Korea Said to Remove Military’s Lucrative Export Privilege

By CHOE SANG-HUN

SEOUL, South Korea — The North Korean leader Kim Jong-un has begun stripping his country’s powerful military of its lucrative export rights in a bold attempt intended to both rejuvenate its staggering economy and curtail top generals’ influence, according to a Seoul-based Web site run by defectors from North Korea.

Although it is impossible to confirm most information about isolated North [...]

Rebels forming unit to secure chemical weapons site

The opposition Free Syrian Army is creating a special unit of men trained to secure Syria’s chemical weapons sites, a former general in the country’s chemical and biological weapons administration has told the Daily Telegraph.

“We have a group just to deal with chemical weapons. They are already trained to secure sites,” said Gen Adnan Silou, the most senior ranking member of Bashar al-Assad’s regime to defect and join the FSA.

Until [...]

IRCG general says Khamenei personally ordered slaughter of civilians

From the Iran Roundup at Enduring America located at:

http://www.enduringamerica.com/home/2012/7/12/the-latest-from-iran-12-july-keeping-the-oil-flowingmaybe.html

ITEM: “[In 2009,] the Leader [Khamenei] asked Rahim Safavi [former commander of the Guards] whether he would be prepared to run over people with tanks if they took to streets to revolt. He said yes and the Leader gave him the order.”–former Revolutionary Guards commander Saeed Qassem in a letter to dissident filmmaker Mohammad Reza Nourizad.

Qassem’s other charges and allegations:

– there are [...]

HILLARY MEETS THE BROTHERHOOD

CAIRO (AP) – U.S. Secretary of State Hillary Rodham Clinton used her first meeting with Egypt’s new Islamist president to press Mohammed Morsi to start a dialogue with military leaders as a way of preserving the country’s transition to democracy.

Clinton voiced support for the “full transition” to civilian rule at a time when Morsi’s backers are in a political standoff with the generals who have ruled since President Hosni Mubarak [...]

Egypt braces for showdown between Islamists and army

Sacked MPs vowed to force their way through a security cordon in a bid to re-open parliament on Tuesday despite a hardline statement from the military.

In what was seen as a warning to President Mohammed Morsi, the military said it expected everyone to respect constitution

The military said it “was confident all institutions of state will respect constitutional decrees,” adding “the importance of the sovereignty of law and the constitution” to [...]

Syria Top Brass Join Wave of Mass Military Defections to Turkey

Source: IBTimes

The military defectors, including a general and two colonels, were among 224 people who want to leave Syria, according to state-run Anadolu news agency. They are in a refugee camp near the border.

Thousands of soldiers have abandoned the army, but only 13 generals have sought refuge in Turkey over the last 16 months. Some of them have joined the largest-armed opposition group, the Free Syrian Army.

The defections come three days [...]

Not very good news for the United States or Israel if the Muslim Brotherhood wins Egypts elections….

Sat Jun 23, 2012 12:53pm EDT
CAIRO (Reuters) – Egyptians find out on Sunday whether their next president will be a former military officer or an Islamist from the army’s old adversary, the Muslim Brotherhood, after a long week’s wait since a vote to pick a successor to the deposed Hosni Mubarak.

Impatient Brotherhood supporters have been out on Cairo’s Tahrir Square day and night since a call in midweek from their [...]

EGYPT VOTES AMID CHAOS

REUTERS

Egyptians voted on Saturday in the first free presidential election in their history that for many poses an unpalatable choice between a military man who served deposed autocrat Hosni Mubarak or an Islamist who says he is running for God.

Reeling from a court order two days ago to dissolve a new parliament dominated by the Muslim Brotherhood, many question whether generals who pushed aside fellow officer Mubarak last year to [...]

Introducing the White House’s new plan to eliminate “bad PR” for war

From The Burning Platform:

This is simply brilliant. How come our top generals didn’t think of this before?

Bush and Rumsfeld would have had a much easier time with their Iraq adventure without those inconvenient Abu Grahib pictures. If you make it illegal to take pictures of atrocities committed by the troops, then they didn’t actually happen and the folks back home won’t undermine the war effort with questions about why we [...]

Egypt election: Generals want to keep oversight of country’s ‘direction’

From FT:

First came the end of the Hosni Mubarak regime. Now comes the end of the generals’ rule. That, at least, is the official plan put forward by Egypt’s military council, the group of generals who helped push Mr Mubarak aside last year. Once a president is in place, the council is supposed to hand him the keys to power, and step back into the background.

Yet even as Egyptians started voting on [...]

Democracy’s Arc

Democracy’s Arc (May 2, 2012)
“…In every dictatorship, an inner circle of officials and generals emerges. This inner circle eventually takes advantage of weakness at the top to depose the dictator or, more often, simply waits until he dies and then distributes power so that no one figure has total control; thus a junta is formed. In every country run by a junta, in turn, a wider circle of officials, officers, and [...]

Egyptians mass to demand army retreat from power

(Reuters) – Tens of thousands of Egyptians demanded on Friday that their military rulers stick to a pledge to hand over power by mid-year after a row over who can run in the presidential election raised doubts about the army’s commitment to democracy.

Two leading Islamist candidates, one representing the Muslim Brotherhood who was seen as the frontrunner, were among those disqualified this week from a vote that starts on May [...]

Egypt military warns against interference in its businesses

Egypt’s ruling military has warned against any interference in its murky economic empire amid a burgeoning power struggle with Islamists who control parliament, state media reported on Wednesday.

The warning comes as the military prepares to hand power to a civilian leader when presidential elections end in June, and as the dominant Islamist Freedom and Justice Party (FJP) pressures the generals to sack the government.

Major General Mahmud Nasr, a member of the ruling [...]

Egypt’s Brotherhood mulling run for president

CAIRO (AP) — The Muslim Brotherhood, Egypt’s most powerful political group, said Wednesday it is considering running its own candidate in upcoming presidential elections, dropping its previous decision to avoid direct participation in the race.

The group appears to be playing one of its last cards in a power struggle against the ruling military council, after it failed to force the military to replace its Cabinet with a new one appointed [...]

Egypt’s military probing charges against activists

CAIRO (AP) — A leading media watchdog says an Egyptian military investigation of journalists and bloggers shows the country’s ruling generals are trying to muzzle the media.

The journalists and bloggers are among 12 prominent figures under investigation over allegations they incited hatred against the Egyptian army and tried to overthrow the government.

Read more

Popping the debt bubble. Iran, Straits of Hormuz,

Does anyone else believe that the geo-political problems we are having now could be the pin that burst the bubble? Europe is hardly getting by now paying their debts. I have seen several generals and such arguing that Israel will attack Iran around April/May.

Many analysts believe the minimum oil will go to would be $150 and, possibly as high as $250. Since [...]

Egypt’s Islamists win 75% of parliament

From Myway:

CAIRO (AP) – Final results on Saturday showed that Islamist parties won nearly three-quarters of the seats in parliament in Egypt’s first elections since the ouster of authoritarian president Hosni Mubarak, according to election officials and political groups.

The Islamist domination of Egypt’s parliament has worried liberals and even some conservatives about the religious tone of the new legislature, which will be tasked with forming a committee to write a new [...]

Pentagon trimming ranks of generals, admirals

With the Iraq war over and troops in Afghanistan on their way home, the U.S. military is getting down to brass tacks: culling generals and admirals from its top-heavy ranks. Pentagon officials said they have eliminated 27 jobs for generals and admirals since March, the first time the Defense Department has imposed such a reduction since the aftermath of the Cold War, when the collapse of the Soviet Union prompted [...]

Commanders ‘livid’ about dramatic new troop drawdown

The Obama administration has decided to drop the number of U.S. troops in Iraq at the end of the year down to 3,000, marking a major downgrade in force strength, multiple sources familiar with the inner workings and decisions on U.S. troop movements in Iraq told Fox News.

Senior commanders are said to be livid at the decision, which has already been signed off by Defense Secretary Leon Panetta.

Panetta, [...]

Union boss: ‘Adolf Christie’ trying ‘to make New Jersey Nazi Germany’

Welcome to the new civility.

At a Thursday rally in New Jersey protesting Republican Gov. Chris Christie’s pension deal that would cut pensions and benefits to public workers, a union leader charged Christie with acting like a Nazi. And not any ordinary Nazi, but Adolf Hitler himself.

“Good afternoon brothers and sisters. Welcome to Nazi Germany,” Communications Workers of America District 1 Vice President Christopher Shelton is seen raving in a video [...]

Rasputin pretty much guarantees an all-out bailout of the mortgage fiasco via nationalization of the entire mortgage industry.

by RobotTrader

Today’s POMO pretty much tipped it off.

Any wonder why Bill Gross has suddenly disclosed that he has been wolfing down MBS securities hand over fist?

…………………………………………..

Hmmm, let’s do some basic math here.
Rasputin – Fri, Oct 15, 2010 – 04:02 PM

“On one hand, we see the Fed doing a VERY temporary, teeny, tiny “Reverse Repo” (Translation: Handing back the failed Pigmen gamblers a couple of their dead, toxic instruments, [...]