This surprising country could become the next Cyprus

From Jeff Thomas for Casey Research:

… As the recent events in Cyprus have been unfolding, each iteration has seemed to me to be not only logical, but almost predictable. As Jim Sinclair has recently been stating frequently, the EU has run out of options… The next step is confiscation.

There will, of course, be endless rhetoric and debate, followed by minor adjustments in method and percentage taken, but, ultimately, the powers-that-be [...]

BREAKING: South Carolina House Passes Obamacare Nullification

The house of Representatives passed a bill not only making obamacare null and void, but also making it illegal to try an enforce it. This makes me proud to be from South Carolina.

http://www.washingtontimes.com/news/2013/may/2/south-carolina-house-passes-bill-making-obamacare-/

“The state’s Freedom of Health Care Protection Act intends to “prohibit certain individuals from enforcing or attempting to enforce such unconstitutional laws; and to establish criminal penalties and civil liability for violating this article.””

Nikki Haley, the Governor of [...]

BREAKING NEWS: JOHN KERRY THREATENS NORTH KOREA AMID NUCLEAR CRISIS! SIGNS OF A PRE-STRIKE BY THE USA!

Seoul, South Korea (CNN) – Secretary of State John Kerry said Friday that the United States is prepared to enter into talks with North Korea, but only if it is serious about negotiating the denuclearization of the Korean Peninsula

Kerry is in Seoul meeting with South Korean Foreign Minister Yun Byung-se amid heightened tensions spurred by North Korea’s recent nuclear threats and provocations.

He landed in Seoul, about 30 miles from the demilitarized [...]

BREAKING NEWS: Homeland Security reports that missile test from North Korea is imminent

The following is a press release from the Guam Department of Homeland Security.

The Current Situation as of 12:30 p.m., Wednesday, April 10, 2013
Escalating rhetoric from and tensions with North Korea have raised concerns. The U.S. military has assured that any ballistic missile aimed at the U.S., its territories, or allies will be intercepted.

Test Is Imminent
As reported, a missile test from North Korea is imminent. Admiral Samuel Locklear III, Commander of [...]

A Colorado Sheriff Responds To President Obama

“North Koreans are not getting any information from the outside world. They think they will win if a war breaks out.”

Seoul (CNN) – The world knows North Korea for its loud and over-the-top warmongering rhetoric about the U.S. But the true war is being fought in whispers, across secret phone lines and smuggled radios. And it’s those whispers that reveal how close the peninsula may be to an actual war.

“North Koreans want to go to war soon and unite the country. They want to get out of their difficult lives through [...]

Is this to watch for any sign that an EMP burst missile will be launched towards the US West Coast?

Seoul, South Korea (CNN) – The U.S. Navy is moving a warship and a sea-based radar platform closer to the North Korean coast in order to monitor that country’s military moves, including possible new missile launches, a Defense Department official said Monday.

The decision to move at least one ship, the destroyer USS John S. McCain, and the oil rig-like SBX-1 are the first of what may be other naval deployments, CNN [...]

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 [...]

Cyprus: Will We Ever Learn?

Cyprus: Will We Ever Learn?

by Miguel Perez-Santalla, BullionVault

Monday, 25 March 2013

 

So Cyprus got its IMF-ECB bail out. But have bank savers elsewhere got the message yet…?
OVER the last 30 years I have seen a lot of changes in the financial markets.
One of the biggest changes by far was the formation of the European single currency – the Euro. Prior to its existence all of today’s 17 member countries had their own currencies. Italy, [...]

North Korea ramping up… all the necessary precautions/preparations have been taken….. any time now…..

Kim Jong Un has supervised a live artillery drill amid heightened rhetoric against the United States and South Korea, North Korea’s state news agency says.

Read more: http://www.foxnews.com/world/2013/03/14/north-korea-reportedly-conducts-military-drill-near-south-korean-border/?test=latestnews#ixzz2NXj9x19M

BREAKING – NKorea stops exporting seafood to China!!

N. Korea’s sea food exports to China suspended

“SHENYANG, China, March 13 (Yonhap) — North Korea’s exports of cheap shellfish to China have been put on hold since early this week as the communist country ratcheted up its belligerent rhetoric and threatened war with South Korea and the United States, according to Chinese traders on Wednesday.

The Chinese traders in Hunchun said inbound shipments of North Korea shellfish have been suspended. Hunchun, [...]

China to Japan : give us the contested islands or your economy gets it

China To Japan: Hand Over The Senkakus Or Your Economy Gets It

Chinese Foreign Minister Yang Jiechi said Saturday that “Japan needs to face up to reality, and take real steps to correct its mistakes… so as to prevent a further escalation,” with regard the demand that Japan reverse its nationalization of the small islet chain of the Senkakus. In some of the strongest rhetoric yet, The Japan Times reports that [...]

CLINTON: WHY I CHANGED MY MIND ON GAY MARRIAGE

When I signed the bill, I included astatement with the admonition that “enactment of this legislation should not, despite the fierce and at times divisive rhetoric surrounding it, be understood to provide an excuse for discrimination.” Reading those words today, I know now that, even worse than providing an excuse for discrimination, the law is itself discriminatory. It should be overturned.

http://www.washingtonpost.com/opinions/bill-clinton-its-time-to-overturn-doma/2013/03/07/fc184408-8747-11e2-98a3-b3db6b9ac586_story.html

Ron Paul On State of the Union: “It Was Rather Depressing” ; Serious Problems are Inevitable; ‘A Three Year Old With A Pocket Calculator Can Figure Out We’ve Got A One Way Ticket To Collapse.’

Mac Slavo
February 13th, 2013
SHTFplan.com

 

Dr. Ron Paul may no longer be a congressman, but he still understands the core problems facing the United States of America.

Despite President Obama’s promises for a better, more prosperous future for our country, as with his previous State of the Union addresses, it was light on substance and heavy on the rhetoric.

If you’re one of those who feel that hope and change has turned to despair [...]

Sit down before reading: New report exposes an unbelievable U.S. government purchase

From Alex Jones’ PrisonPlanet:

In yet another huge blow to the rhetoric and narrative of the Obama administration and its desire to disarm the American public, a DHS bid has been uncovered showing that the Department of Homeland Security recently put out an offer to purchase 7,000 full-auto “assault weapons” to be used domestically, inside the USA.

Keep in mind that President Obama is on the record saying, “AK-47s belong in the hands [...]

Obama Declares War on 2nd Amendment, But Hollywood Gets a Pass

by John Nolte, Breitbart:

Seconds after the awful events at Sandy Hook; Democrats, Barack Obama, and the media assured America that their immediate exploitation of the tragedy wasn’t only about gun grabbing. Oh no, they assured us, this was going to be an all-of-the-above national debate. Furthermore, Vice President Biden’s commission would be an all-of-the-above look everything, including the entertainment culture.

Do you remember that? I realize a week’s a lifetime in politics, [...]

Sequestering the working and middle class – The implications of runaway debt. GDP at record levels yet nonfarm employment is 4 million below previous peak. Trillion dollar coins. Greece unemployment reaches a new record.

mybudget360.com 

Gear up those printing presses.  You might be thinking that some of the policy talk coming out today is from The Onion but no, the idea of a $1 trillion coin is being discussed.  The Federal Reserve is already very willing to become a shadow bad bank and take on all the questionable assets from the latest bubble from member banks.  As the middle class is crushed, our nation is becoming more polarized.  You have a [...]

Three Reasons Gun Control Isn’t Going to Happen

In the immediate aftermath of Friday’s terrible tragedy in Connecticut, there have been the predictable calls to enact new gun control legislation. The usual proponents of additional restrictions on guns have filled the airwaves with calls for immediate legislative action. Sen. Diane Feinstein has promised to introduce a new “assault weapons” ban on the first day of the new Congress next year. But, there are three very big reasons to [...]

Ron Paul: ‘No One In Washington Has The Balls To Cut Spending’

Ron Paul’s Texas Straight Talk  - Dec. 3, 2012.

Forget the cliff, the United States is broke.

Transcript is below.  This is worth reading.

It’s the Spending, Stupid!

By Ron Paul

As the year draws to an end, America faces yet another Congressionally-manufactured crisis which will likely end in yet another 11th hour compromise, resulting in more government growth touted as “saving” the economy. While cutting taxes is always a good idea, setting up a [...]

It’s Time To Buy Stocks Again

by Tim Ayles

 

On August 10 of 2011, I wrote an article telling people to buy stocks after the S&P 500 (SPY) dipped over 18% from the recent highs of April 2011. The S&P 500 proceeded to chop around for about a month, and went about 3% lower from when that article was written. During that time, the rhetoric around the blogosphere was thick with fear as America’s credit rating was just downgraded. [...]

The Deficit Is Too Small…Deficits Are Actually A Good Thing

WTF?

From a “Nobel Prize-winning economist”

“And just to be clear, the danger for next year is not that the deficit will be too large but that it will be too small, and hence plunge the United States back into recession.

Deficit scolds are having a hard time with this issue. How can they warn us not to go over the fiscal cliff without seeming to contradict their own rhetoric about the evils [...]

Harper Calls Mulcair An Extremist Over Threats To Rip Up China Investment Treaty

“OTTAWA – Tom Mulcair was labelled an anti-trade, anti-business extremist Wednesday for threatening to rip up a controversial investment treaty with China.

But the NDP leader did not back down. Indeed, he ratcheted up the rhetoric against the Foreign Investment Promotion and Protection Act, vowing that an NDP government would not be bound to honour a treaty ratified by the Harper government.

“Let me be very clear,” Mulcair told the House of [...]

Lawrence Summers: Building blocks for America’s recovery

From FT:

 

The final full week of the US presidential campaign will see both candidates intensely debate the future of economic policy. But despite the rhetoric about its means, most experts agree on its ends. First, re-establishing economic growth at a rate that makes real reductions in unemployment possible; second, placing the nation’s finances on a stable footing by putting in place measures to ensure that the nation’s sovereign debt is [...]

DHS, Secret Service Say They Are Taking Romney Twitter Threats Very Seriously

Media still silent on assassination, riot chatter

Steve Watson
Infowars.com
Oct 26, 2012

As threats of violence and death against Presidential candidate Mitt Romney continue to explode on Twitter, Homeland Security officials have said they are taking the threats extremely seriously, while the Secret Service is encouraging Twitter users to “self police” the social media website.

Following Monday’s debate threats by so called Obama supporters to assassinate Mitt Romneycontinued to proliferate across Twitter. The mainstream media, [...]

FLORIDA SUN SENTINEL Flips From 2008, Endorses Romney

Brush away all the rhetoric, all the vitriol, all the divisiveness from the presidential campaign. To most Americans, only one thing matters — the economy.

Four years into Barack Obama’s presidency, economic growth is sputtering. Family incomes are down. Poverty is up. Business owners are reluctant to assume risk in the face of unending uncertainty. Many are holding on by their fingernails, desperate for signs of an economic recovery that will help [...]

Yukon Huang: The economics behind the China-Japan dispute

From FT:

It would seem obvious that both sides have more to lose in disrupted economic relations than they could gain from controlling a few mostly inconsequential islands. But if combative rhetoric and political grandstanding prevail, then the economic calculus may shift from protecting mutual benefits to assessing which side will be hurt more if economic pressures are brought to bear. Read more

Zero Chance For QE3?

Against my blood pressure’s best interest, I often try to seek out opinions contrary to my own just to see how the “other side” is seeing things.

Does anyone have any opinion on this article here?  There were a couple of lines that made me think I was reading some sort of parody (which I’ve bolded).but perhaps I’ve been in the goldbug/Austrian camp for so long that I’ve forgotten how out [...]

ATTENTION: HOUSE VOTES TODAY to LEGALIZE WARRANTLESS WIRETAPS!!!

House Votes Today to Legalize Warrantless Wiretaps
Wednesday, September 12, 2012
Activist Post

All tyranny needs to gain a foothold is for people of good conscience to remain silent.
- Thomas Jefferson

Only days after a NSA whistleblower has sounded the alarm about the government’s massive spying campaign on American citizens, the U.S. Congress who swore an oath to uphold the Constitution are set to legalize warrantless wiretaps with the reauthorization of the secretive FISA [...]

Promises Broken: If Moderate Voters See This Video, It’s Over for Obama

Mac Slavo
September 10th, 2012
SHTFplan.com

 

Take a good look. This is who we elected to be our leader. When you take away the pre-written speeches, the teleprompters, the flashy stage lights, the thousand dollar suits, and the star power, you’re left with just another political sycophant and his rhetoric.

His actions speak much louder than the words that convinced tens of millions of our countrymen that he would act in our interests.

Barack Obama’s administration [...]

IAEA REPORT: Iran DOUBLES Underground Nuclear Capacity At Fordow; Preparing For Major Expansion Of Uranium Enrichment!!!

The number of enrichment centrifuges at Fordow, buried deep inside a mountain to better protect it against any enemy strikes, had more than doubled to 2,140 from 1,064 in May, showed the quarterly report released on Thursday. 

http://www.lbcgroup.tv/news/48118/iran-doubles-underground-nuclear-capacity-iaea

UN chief Ban Ki-moon on Thursday urged Iran to comply with UN resolutions demanding it curb its nuclear activities, warning that heightened international rhetoric over the issue risked degenerating into “war.”

http://www.bangkokpost.com/news/world/310026/un-chief-warns-of-risk-of-war-in-iran-nuclear-row

On Bumblebees and Central Bankers’ Bluffs

by Phoenix Capital Research

 

I have to admit, I am pretty sick of writing about Europe, particularly since nothing has changed over there in the last month.

Instead what’s happened is that Mario Draghi issued a borderline ridiculous statement that he somehow will be able to fix the EU’s solvency Crisis.

The actual speech started with a philosophical inquiry comparing the Euro to a bumblebee. I kid you not:

I asked myself what sort of [...]

What could happen if Israel actually attacks Iran

From Zero Hedge:

… [S]ome may argue that circumstances in the Middle East have always been “dire” and that it does not take much to predict a renewal of chaos.

Admittedly, for the past six years alone, the American public has been treated to one propaganda campaign after another testing the social waters to see if a sizable majority of the citizenry could be convinced to support strikes against Iran.

The U.S. and [...]

Syria And Iran Dominos Lead To World War

Brandon Smith
alt-market.com
August 22, 2012

Almost three years ago I wrote an analytical piece on the concept of deliberately engineering wars, big and small, by elitists to distract the masses away from particular global developments that work to the benefit of the establishment power structure.  That article was entitled ‘Will The Globalists Trigger Yet Another World War?’:

http://www.alt-market.com/neithercorp/press/2010/01/will-globalists-trigger-yet-another-world-war/

In that analysis, I concluded that since at least 2008, the power’s that be (whether posing [...]

Germany’s Bundesbank warns that moves to share “solvency risks” in the eurozone should be decided by governments and not the ECB

SocGen’s global macro strategist Kit Juckes tweets…

 

Kit Juckes

businessinsider

 

The comments follow speculation that the ECB is considering intervention to cap the spreads between peripheral and German bond yields by buying unlimited amounts of government debt. It’s a plan that Germany’s finance ministry denies any knowledge of but says would be “very problematic.”

 

 via MarketWatch:

Germany’s Bundesbank Monday stepped up its opposition to the European Central Bank’s plan to buy more government bonds, [...]

Five years on, the Great Recession is turning into a life sentence

China is sufficiently alarmed by the flint hardness of its “soft-landing” to talk up trillions of fresh stimulus. The European Central Bank is preparing to print “whatever it takes” to save Spain and Italy. Markets are pricing in an 80pc chance of yet more printing by the US Federal Reserve in September or soon after.

There is no doubt that the three superpowers acting in concert can launch a mini-cycle of growth early [...]