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The World’s Most-Extreme Economic Terrorism

by Jeff Nielson
Bullion Bulls Canada

When most people hear the phrase “economic terrorism”, the first thing which likely comes to mind is cyberterrorism, such as the mysterious “hackers” known (appropriately) as Anonymous. Readers of my own work may think of things like the destruction of Greece’s economy, where Greece was bankrupted when the Big Bank crime syndicate drove its interest rates as high as 30%, via the illegal manipulation of the credit default swaps market.

However, these are mere episodes of economic terrorism. The most-extreme economic terrorism in the world today is a single, ongoing crime, which terrorizes the entire world economi

Continue Reading at BullionBullsCanada.com…

Harvey Organ’s Daily Gold & Silver Report – 2016.06.01

Another huge gold notice filing at the comex for 228,100 oz./Attempted raid on gold and silver today a failure/Terrible PMI figues throughout the globe: Japan, China, Europe and USA/Japan officially delays sales tax: except the rating agencies to degrade Japan/Hollande has another nightmare: this time rail workers go on strike nationwide/Huge auto misses in the USA

by Harvey Organ
Harvey Organ’s Blog

[…] i) the June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold. On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold.Thus in two days a total of 5789 notices have been filed for 578900 oz or 18.00 tonnes. There is no question that the bankers have uttered these words to one another: “Houston, we have a problem” in gold.

Let us have a look at the data for today

Continue Reading at HarveyOrganBlog.com…

“There Is Something Changing In The Market” – CEO Hints Of Massive Shortages As Tech Manufacturers Are Now Going Direct To Mining Companies In Search of Silver

by Mac Slavo
SHTF Plan

If there’s one thing we know about precious metals, it’s that everyone has an opinion about how gold and silver will behave as we delve deeper into global economic crisis. So, who better to give us a bit of perspective than the Chief Executive Officer of one of the world’s largest primary silver producers?

Keither Neuemyer, who has been an outspoken critic of rampant price manipulation on commodity exchanges is the CEO of First Majestic Silver and the Chairman of precious metals mineral bank First Mining Finance. His latest revelation suggests that despite billions of dollars being traded daily on paper exchanges, physical silver supplies around the world have tightened to such an extent that manufacturers have been left with no choice but to come directly to mining companies to acquire the precious metal for their high-tech products. With this in mind, and the fact that silver demand today is greater than when it was trading at nearly $50 in April of 2011, one can’t help but think that based strictly on the fundamentals we should see a much higher price in coming months and years.

We got approached by an electronics manufacturing company that manufacturers cell phones and computers about four weeks ago… There were three of them in the meeting and they wanted to bid on our silver… It’s the first time in the fourteen years that I’ve been with First Majestic that we’ve ever been contacted by an electronics manufacturer… That tells me there is something changing in the market.

Full interview via Future Money Trends:

Continue Reading at SHTFPlan.com…

Max Keiser – Currency Collapse, Gold & Silver Markets and Debt (Episode #679)

from The Creating Wealth Show

Coming to us from London, Max Keiser joins Jason Hartman for a fast-paced interview about what is going on in our world with GDP, the debt ceiling and debt loads, gold and silver markets, and currency collapse. Max is the host of “The Oracle with Max Keiser” for BBC World News and the author of the Keiser Report. Jason and Max discuss how long the world governments can put off the inevitable collapse of the fiat money produced by the central banks. Max talks about the various currencies around the world and which countries are set to implode. Other topics that Max covers are countries that are losing their sovereignty, basically being held hostage and managed by entities outside of their own country, such as the IMF and Central Banks, how bonds play a role in this issue, and the edging toward a global tax. Max talks about the many ways that the world is being led into a globalized currency, which is not a theory, but happening in real time. In addition to hosting the show and authoring the Kesier Report, Max is a blogger for the Huffington Post, and he has also presented features for the “People and Power” new magazine series on Aljazeera English.

Just go to JasonHartman.com and get started now!

Click Here to Listen to the Audio

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Andrew Hoffman – Bitcoin Breaks $500… What’s Next?

from Financial Survival Network

Wild Wednesdays with Andrew Hoffman:

– Today’s article: Why the Fed would be absolutely insane (as if they aren’t already) to raise rates June 15th

– Not that such an historically stupid decision would be “gold bearish”

– Explosion of potential near-term “black swans”

– Bitcoin Breakout

Click Here to Listen to the Audio

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If You Believe This, I Have a Bridge to Sell You

by Simon Black
Sovereign Man

All governments make absurd claims. But North Korea definitely wins the award for the most comical.

Kim Jong-Il, North Korea’s “Dear Leader” from 1997 through 2011, had some priceless gems, including:

  • He never once in his life needed to urinate or defecate
  • He wrote over 1,500 books for North Korea’s universities
  • He could control the weather with his mind, making rain or shine as his mood suited
  • He learned to walk at the age of 3 weeks, and talk at the age of 8 weeks

And my favorite (this one is actually true)– Kim Jong-Il once kidnapped two South Korean film directors and forced them to remake a version of Godzilla in North Korea.

Continue Reading at SovereignMan.com…

Why Must Aaron Sorkin’s West Wing Remain a Quaint Fiction in America

by Pam Martens and Russ Martens
Wall Street on Parade

For the past three years, the Obama administration has snatched an idea directly out of the hit TV series, “West Wing.” That’s the Aaron Sorkin created fiction revolving around the beloved President Jed Bartlet (played by Martin Sheen) and the encyclopedic brains of his executive staff who toil 24/7 in a perpetual display of personal sacrifice on behalf of the country.

West Wing ran on NBC from the Fall of 1999 to the Spring of 2006 – in other words, from the scandalous sexcapades in the Oval Office by President Bill Clinton and his catastrophic deregulation of Wall Street through the trumped-up invasion of Iraq by President George W. Bush. West Wing was, in other words, an anesthetic to the harsh reality of America’s actual Oval Office under a two-party system that had become grotesquely corrupt at the top.

Continue Reading at WallStreetOnParade.com…

Flexible Labor Is the Future

by Charles Hugh Smith
Of Two Minds

Flexible labor is the future for the basic reason that it is the only viable model going forward.

If we can’t go forward, then let’s go back: this is the guiding philosophy of the labor movement that seeks security via strict work rules. The premise here is simple: employers could provide their employees with secure employment if only they weren’t so greedy.

Unfortunately, it isn’t this simple. Even the most generous employers–for example, worker-owned co-ops and state-owned enterprises–must generate a profit that can be reinvested to replace obsolete equipment and boost productivity.

To get guaranteed employment security, you must first guarantee profits that can be reinvested to keep the enterprise afloat.

Continue Reading at OfTwoMinds.com…

Donald Trump: Not as Rich as He Claims?

by Daily Bell Staff
The Daily Bell

Shady accounting underpins Trump’s wealth … The GOP nominee is rich. But how rich depends on odd accounting and subjective criteria … Donald Trump claims he is worth $10 billion — but financial experts dispute that. – Politico

Is Donald Trump less wealthy than claimed?

And if so, as the above Politico article excerpt suggests, then perhaps this complicates his political motivations. Perhaps, indeed, he set about becoming president to raise his profile and increase his marketability.

We’ve published a number of articles now on Trump, some questioning his motivations. Recently, we suggested that if his free-market sentiments are sincere and if he wants to avoid foreign wars, his presidency might prove beneficial.

Continue Reading at TheDailyBell.com…

Austerity Policies Do More Harm Than Good, IMF Study Concludes

Economists give strong critique of neoliberal doctrine ushered in by Ronald Reagan and Margaret Thatcher in the 1980s

by Larry Elliott
The Guardian

A strong warning that austerity policies can do more harm than good has been delivered by economists from the International Monetary Fund, in a critique of the neoliberal doctrine that has dominated economics for the past three decades. In an article seized on by the shadow chancellor, John McDonnell, the IMF economists said rising inequality was bad for growth and that governments should use controls to cope with destabilising capital flows.

The IMF team praised some aspects of the liberalising agenda that was ushered in by Ronald Reagan and Margaret Thatcher in the 1980s, such as the expansion of trade and the increase in foreign direct investment. But it said other aspects of the programme had not delivered the expected improvements in economic performance. Looking specifically at removing barriers to flows of capital and plans to strengthen the public finances, the three IMF economists came up with conclusions that contradicted neoliberal theory.

Continue Reading at TheGuardian.com…

GDPNow Forecast Dips to 2.5% Following Construction Report; Rate Hike Odds Dip Slightly

by Mike ‘Mish’ Shedlock
Mish Talk

In the wake of a construction report that was far far weaker that it looked even with upward revisions, the Atlanta Fed GDFPNow Model for second quarter GDP dipped 0.4 percentage points to 2.5%.

Rate hike odds for June were flat at 22.5%, but July hike odds dipped a bit to 57.6%.

Latest forecast: 2.5 percent — June 1, 2016

Continue Reading at MishTalk.com…

The Success of Socialist Newspeak

by Ludwig von Mises
Mises.org

The socialists have engineered a semantic revolution in converting the meaning of terms into their opposite.

In the vocabulary of their “Newspeak,” as George Orwell called it, there is a term “the one-party principle.” Now etymologically party is derived from the noun part. The brotherless part is no longer different from its antonym, the whole; it is identical with it. A brotherless party is not a party, and the one party principle is in fact a no-party principle. It is a suppression of any kind of opposition. Freedom implies the right to choose between assent and dissent. But in Newspeak it means the duty to assent unconditionally and strict interdiction of dissent. This reversal of the traditional connotation of all words of the political terminology is not merely a peculiarity of the language of the Russian Communists and their Fascist and Nazi disciples. The social order that in abolishing private property deprives the consumers of their autonomy and independence, and thereby subjects every man to the arbitrary discretion of the central planning board, could not win the support of the masses if they were not to camouflage its main character. The socialists would have never duped the voters if they had openly told them that their ultimate end is to cast them into bondage. For exoteric use they were forced to pay lip-service to the traditional appreciation of liberty.

Continue Reading at Mises.org…

American Serfdom – Companies Are Offering Loans for Living Expenses to Their Destitute Employees

by Michael Krieger
Liberty Blitzkrieg

[…] There is no recovery. The only thing we’ve experienced over the past eight years of Obama is a historic plundering and strip mining of the U.S. economy by a handful of oligarchs and their political and bureaucratic minions.

The evidence has been clear for years. Fully employed Americans have been borrowing from payday lenders at egregious rates in order to pay for normal everyday living expenses, while a small group of executives grab as much as possible for themselves. You can see this in corporate profits margins at historically high levels and in the use of cash to buyback shares as opposed to paying employees a living wage.

Continue Reading at LibertyBlitzkrieg.com…

9 in 10 Americans are Disillusioned With Democracy

by Daily Bell Staff
The Daily Bell

Hillary and Trump Leave Americans with Angst, Malaise and Little Confidence … A new poll by the Associated Press-NORC Center for Public Affairs Research finds that the choice of Hillary Clinton or Donald Trump for president leaves Americans feeling frustrated, angry, helpless — suffering from angst and malaise, with little confidence with our political system. – Red State

We covered this AP-NORC poll previously HERE but focused on Americans lack of trust when it comes to government.

But there is another aspect to this eye-opening poll.

The poll provides a devastating picture of American fidelity to the larger US system.

Americans don’t believe in their political system anymore. People don’t trust their government and they don’t trust elections either.

Here’s how Red State puts it:

Continue Reading at TheDailyBell.com…

The Rule of Law is Dead

by Karl Denninger
Market-Ticker.org

Why does Facebook get away with using your microphone to “target ads” without Zuckerpig being indicted despite laws in several states, including Florida, that make interception of oral communications a felony unless everyone involved gives consent?

Why did our government run guns to drug dealers that were then used in dozens of murders, including a border agent, and yet nobody has been indicted or gone to prison for it?

Why did our government fine big banks (instead of indicting the officers and directors) who were knowingly laundering billions of drug money on an international basis?

Continue Reading at Market-Ticker.org…

July Rate Hike Odds Rise As Beige Book Signals “Tight Job Market”, “Modest Growth”

from Zero Hedge

The Beige Book offered its ubiquitous modest, moderate, mummified growth outlook but added a few points that provide The Fed more ammo for hiking rates.

The key higlights from the report:

  • tight labor markets ‘widely noted’ amid modest growth
  • U.S. employment, wages grew modestly since mid-april
  • price pressures grew slightly in most districts
  • contacts in several district ‘generally optimistic’
  • consumer spending up modestly, manufacturing mixed
  • construction, real estate grew, outlook remained positive
  • loan demand up moderately except for Dallas district
  • many Fed districts reported steady to good credit availability
  • energy sector remained weak
  • Chicago, Kansas city Fed districts saw slower growth pace
  • Dallas Fed district grew ‘marginally,’ New York generally flat

Some key anecdotes from the regional feds:

Continue Reading at ZeroHedge.com…

Government Can’t Help; It Can Only Hurt

by Dr. Ron Paul
Ron Paul Institute

Three recent stories regarding three government agencies — the IRS, the Transportation Security Administration (TSA), and the Department of Veterans Affairs (VA) — show why we should oppose big government for practical, as well as philosophical, reasons.

In recent months, many Americans have missed their flights because of longer-than-usual TSA security lines. In typical DC fashion, the TSA claims the delays are because of budget cuts, even though Congress regularly increases the TSA’s funding!

Continue Reading at RonPaulInstitute.org…

Housing Continues to Provide Positive Economic Backdrop

by Matthew Kerkhoff
Financial Sense

We’re going to look at the state of housing today, but first, let’s check in with the stock market to see where things currently sit.

During the last couple of weeks, we’ve been watching the development of what looked like a head and shoulders pattern in the S&P 500. Fortunately, we did not see a break below the neckline, which would have confirmed the pattern.

Instead, the market rallied off of the neckline support and headed higher, approaching the 2100 level. This has been a formidable area of resistance for quite some time and could put some pressure on last week’s rally.

Continue Reading at FinancialSense.com…

A Big Trend Nobody Is Talking About

by Michael Covel
Daily Reckoning

Remember the global overpopulation crisis?

That time when arable land became scarce, agricultural commodities prices shot to the moon and we ran out of food?

Yeah, me neither.

But in the 1960s, that’s what the “experts” told us was coming.

It’s when Stanford University professor Dr. Paul Ehrlich’s best-selling book, The Population Bomb, set off a global panic by predicting that in the 1970s “the world will undergo famines – hundreds of millions of people are going to starve to death…”

Continue Reading at DailyReckoning.com…

No ‘Spare Tires’ Available if Wheels Come Off Global Economy, Warns Pimco

Status quo likely to prevail, but don’t ignore ‘material risk’ of ‘monetary policy exhaustion’

by William Watts
Market Watch

Extraordinary actions by global central banks are the only thing that has prevented the global economy from tipping back into recession since 2009—and investors need to be prepared for the possibility that monetary policy makers are running out of juice, according to asset manager Pimco on Wednesday.

The system “has only averted collapse because of zero or even negative policy rates in many countries, the gusher of liquidity administered by major central banks via quantitative easing (QE), and the debt-financed investment boom in China and some other emerging-market (EM) economies,” the firm said in its Secular Forum outlook, written by Andrew Balls, Richard Clarida and Daniel Ivascyn. Read the outlook here.

They illustrated how they see risks evolving over the next three to five years in the chart below:

Continue Reading at MarketWatch.com…

How to Beat a Traffic Ticket: Never Just Pay Up!

by Chris Campbell
Laissez Faire Books

Yesterday, if you tuned in, you discovered the sordid TRUTH about the red-light speed cameras (in sum: it’s a cronyistic extortion ring), and learned how Americans are fighting back.

Today, as promised, we’re going to dig deeper and reveal several secrets that crooked cops, insurance companies and judges don’t want you to know… PLUS, how to beat a traffic ticket.

There are many reasons you should fight traffic tickets. First of all, most traffic tickets, especially speeding tickets, have little to do with safety. Anyone who tells you otherwise has fallen for — or is benefiting from — the State propaganda.

Continue Reading at LFB.org…

What’s Really Behind This Oil Price Rally

by Charles Kennedy
Oil Price

The rally in oil prices over the past three months has been impressive, building confidence among market analysts that prices are heading in the right direction. But part of the gains can be at least partially attributed to the sharp increase in interest in oil exchange traded products.

The Wall Street Journal reports that net bets on rising oil prices represented 40 percent of all the front-month and second-month U.S. oil futures contracts in 2015 and 2016. There has been an uptick in money in exchange traded products compared to investments in broader commodity indexes. “If you have one instrument that’s as much as 40% of the total open interest in the front contract and it’s mostly long, that clearly creates froth on the price,” said Ed Morse, global head of commodities research at Citigroup, according to the WSJ.

Continue Reading at OilPrice.com…

Brexit Increasingly Likely as Voters Swing Towards ‘Out’ Vote

by Daily Bell Staff
The Daily Bell

UK voters shift towards ‘Out’ as EU referendum nears … British voters have moved towards voting to leave the European Union in next month’s referendum according to two surveys by polling firm ICM, surprising investors and sending sterling sharply lower. – Reuters

Is Brexit going to win? Is Britain going to vote to leave the EU?

We didn’t think it was possible at first, but increasingly we’re seeing the elite forces behind the union pushing in that direction.

A successful Brexit would provide motivation for EU political elites to deepen the current union and turn it into a kind of United States of Europe.

On the other hand, two significant developments are not receiving major coverage in Britain currently.

Continue Reading at TheDailyBell.com…