Tuesday, September 2, 2014

Paul Craig Roberts: Warning to the World: Washington and its NATO & EU Vassals are Insane

http://www.paulcraigroberts.org/2014/09/02/warning-world-washington-nato-eu-vassals-insane-paul-craig-roberts-2/

A MUST READ ARTICLE:

Ex-NSA Director, US Intelligence Veterans Write Open Letter To Merkel To Avoid All-Out Ukraine War


Alarmed at the anti-Russian hysteria sweeping Washington, and the specter of a new Cold War, U.S. intelligence veterans one of whom is none other than William Binney, the former senior NSA crypto-mathematician who back in March 2012 blew the whistle on the NSA's spying programs more than a year before Edward Snowden, took the unusual step of sending the following memo dated August 30 to German Chancellor Merkel challenging the reliability of Ukrainian and U.S. media claims about a Russian "invasion."

Last Week Tonight with John Oliver: Predatory Lending


https://www.youtube.com/watch?v=PDylgzybWAw

MOVIE: H a r l a n C o u n t y USA

http://www.informationclearinghouse.info/article13730.htm

Lest we think that America was built by the starched shirts and expensive suits featured on FOX News and CNN.

This documentary will help to remind us that our freedoms and working conditions were not won by U.S. soldiers in foreign lands but through the suffering and sweat of our fathers and grandfathers in their struggle against commercial interests.

These are my heroes, their sacrifice, courage and fortitude are worth of our respect and gratitude.

Directors: Barbara Kopple - Production Company: Cabin Creek  - Runtime 105 Minutes
Originally posted Apr 29, 2007

Paul Craig Roberts: Goon Thugs and Gullible Conservatives

http://www.paulcraigroberts.org/2014/09/01/goon-thugs-gullible-conservatives-paul-craig-roberts/

where are the class action suits?

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Will Gold Still Go to $5000?


OldTheories
Yes – to answer a lot of questions. We still see the future rally in gold reaching the $5,000 level. Keep in mind this requires an asset rally. Those who tout the German Hyperinflation omit the fact that ALL tangible assets rose not only gold and the replacement currency people accepted was backed by real estate not gold. So the rally in gold will be part of an asset rally – not gold by itself, which has never taken place even once in history.
The current special report on the metals provides the targets and the timing for the high in gold and silver with the projections in price and time for the low prior to the rally. As for those who insist gold in money, let me make this point very clear. Money is ONLY a medium of exchange it has NEVER been a store of value for money hasNEVER retained a specific buying power from one day to the nextEVER! I understand people hate me for saying this for they just have to cling to their myths and theories to justify their losses. Some people cannot admit they are wrong and those are typically the people who cannot trade and why most people who try to trade lose money.
GC-SV-Ratio-Puck-1900
SV-PUCKThis argument that gold is money has been around since the late 19th century. It was the battle between the Silver Democrats and the Conservatives. The governments starting with Germany dropped silver as money. The USA followed and the silver promoters called it the Crime of 1873. This was a return to a gold standard only. It was then argued that a gold standard created deflation so they wanted to create inflation like Europe right now to pump-up the economy. This was instigated by the silver miners (promoters) who needed government to buy their production. This led to the flood of silver dollars that drove gold out of circulation. This became Gresham’s Law – bad money drives out good. This was the result of the silver miners promoting that silver should be raised in value relative to gold. The US foolishly then tried to force the rest of the world to adopt their silver/gold ratio. But instead, the silver poured into the USA and the Europeans took home gold since the Americans were overvaluing silver.
Bryan-CrossOfGold
YellowBrickRoadThe US was on the verge of bankruptcy in 1896 flooded with silver as the gold migrated to Europe. This Crisis led to the Presidential Election and William Jennings Bryan’s famous speech – thou shalt not crucify mankind on a cross of gold. The Wizard of Oz was written as a political satire portraying the gold standard as oppressive and deflationary. The tin man was industry, the scarecrow was agriculture, and the cowardly lion was Bryan. They were off to see the Wizard who was Congress to complain about the unemployment following the yellow-bricj road symbolizing the gold standard.
silver-tax-5So these arguments are very old and the debate between austerity (gold standard) and inflation has never ended, albeit the gold promoters keep up the same stories regardless of the facts. They have turned from silver to paper money assuming that it is now paper money rather than a flood of silver dollars that is the great evil. Silver became rehabilitated after it was freed in the 1960s with the collapse of the silver standard.  After that, the tax on silver imposed in 1934 was abandoned.
This idea of returning to a gold standard is still argued more than 100 years later with nothing new to add to the debate. A return to the gold standard would create deflation and high unemployment for it would introduced austerity. If a gold standard were truly implemented it would shrink the money supply and economic growth would decline as we see in Europe with these same ideas of austerity. Europe is now being forced into massive inflation because of the austerity policies they did not understand.
AmBusCycle-1
The problem with gold that turns off the MAJORITY of investors has been these wild stories. They sit well with the die-hard goldbugs, but they fail to convert the masses and thus will not increase the buying power of the advocates. Unfortunately, I can find no such historical support for that idea that gold is either a store of value different from anything else that fluctuates in value or exclusively money when the majority of society disagrees and that is all that counts. The business cycle cannot be defeated – even Paul Volcker admitted that much.
Latin Monetary Union
Governments are moving to electronic money and will never return to a gold standard. That is reality. Gold standards have been attempted countess times but have always failed because there is a business cycle that cannot be manipulated.
Minoan-Ingots
I have warned that if society implodes too far, we end up with the Mad Max outcome. What is that? It is where the only medium of exchange becomes food – not even gold. It is returning the cycle to its beginning. Money began as food (cattle), moved to sheep skins for clothing, then to bronze that was cast in large ingots the shape of the medium of exchange it was replacing – sheep skins. The four pointed edges were the legs. Neither silver nor gold served as money. They were both luxury items and that has NEVER provided a medium of exchange until the basics are in place. So if we are headed into a Mad Max event, sorry, stockpile food.
Mycenaean-Gold-Cups
AgamemnonGold ONLY became a medium of exchange when it became common. For thousands of years Gold was restricted for the use of kings. It did not circulate as money. We find kings buried with gold from Philip II of Macedon to the Pharaohs of Egypt. Agamemnon’s gold death mask has survived. Gold was not some inherent form of money from day one. Its value increased only as a function of DEMAND – people liked it. That was all.
Gold-JewelryAs gold became more common, it then migrated down to the aristocrats in the form of jewelry. Only with the discovery of gold in Turkey in vast quantities did it finally emerge as a medium of exchange based solely upon agreement by the people who saw it as desirable. That means DEMAND. It was something only kings could afford. The same thing took place with PURPLE dye that was restricted to only Roman Emperors. That is what the term refers to saying someone assumed the PURPLE. In the Catholic Church, the vestments during lent are still PURPLE symbolizing that Christ is King.
During the Middle Ages as trade was resurfacing, the bankers were called “Peppermen” because the spice pepper was MOREvaluable than gold by weight. This reflects the entire issue. The medium of exchange depends ENTIRELY upon demand. It it what people find desirable at that moment. An example of this is looking at the fine art of Rubens. The women he painted were always robust – not the model type of today. Why? A skinny woman was a poor woman. If she was rich she had weight to her. In Russia, having decade teeth was a show of wealth for you could afford sugar.
GOLDHORD
This insistence that only gold is money has no foundation in history. They are distorting history to fit a predetermined agenda they do not even understand. This idea that is money is tangible then there will be no inflation is without any support in history whatsoever. Spain was the richest country in Europe after bringing back all the gold that created massive inflation throughout Europe. Like Bretton Woods, it did not prevent the collapse of Spain, which thanks to becoming a serial defaulter successfully converted itself from the richest nation to the third world pauper status. Spain became a serial defaulter on its government debt starting in 1557 followed by 1570, 1575, 1596, 1607, and 1647 ending in a 3rd world status. By the end, nobody would lend them anything. They destroyed the Italian banks and then wiped out all the German bankers. Only a fool buys government debt.
Gold did not save Spain nor did the gold standard postwar world with Bretton Woods! Why? BECAUSE IT DOES NOT MATTER WHAT THE MONEY IS – THE PROBLEM IS FISCAL MISMANAGEMENT OF GOVERNMENT.  Returning to a gold standard will NOT make politicians honest. Sorry – we need real reform for that one and that does NOT center upon what we use as money.
This should be about making money – not supporting a predetermined idea because that is what someone would like to see happen. No matter what evidence is presented, there are those who will refuse to believe anything other than what they want to believe. That is life. They have to learn the hard way.

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Luhansk effectively falls to Russia

ukraine-ethnic-divide-data
The Ukrainian army has lost the battle for the airport of Luhansk. Ceasefire talks in Ukraine collapsed ending hours after Kiev was compelled to order its army to withdraw from a key eastern airport in Luhansk after coming under a serious assault from separatists fighters reportedly backed by a Russian Panzerbatallion that included an army tank column. Luhansk is the furthest province of Ukraine and it appears that the invasion has begun. It will be spearheaded by the separatists  maintain that it is not a direct Russian invasion. The fall of Ukraine is not out of the question. However, this will be the flash-point for all hostilities ahead.

War Starting Now?

Violence Escalates As Kiev Protests Continue
A number of people have written noting the report by Reuters that Russian tanks flattened a town in Eastern Ukraine and how that has lined up with our warnings that conflict will start to rise in September and then we should see more of an issue in November. Even the Ferguson issue is distinguished from the 1960s by the militaristic response that has captured the attention of worldwide media and international civil rights groups. The 1960s riots were confined to race and normal police responses. Today, the police respond as military divisions – starkly different from the 1960s.
We expect to see an escalation in conflicts in Ukraine and this will be the international flash point.  People do not appreciate Ukrainian history. Stalin executed more Ukrainians than Hitler killed Jews. This is the deep-seated fear of Russia that is the great untold story. Nevertheless, Russia views Ukraine as its property and always has. Nevertheless, the importance of Ukraine is that their population is about 45 million. Take down Ukraine, and the other former Soviet possessions and tiny. Ukraine gave back all its nuclear weapons at the request of the USA. They were the THIRD LARGEST nuclear power in the world. The people now feel like pawns between the US and Russia. Beware November.

Global Warming Being Exposed as a Fraud

Gore-Hot Air

Global Warming seems to be in the same category with gold in the hands of the promoters – bedtime stories for children. Seven years ago former US Vice-President Al Gore’s warned everyone that the Arctic ice would be gone by now. Obama even wanted a commission to see if we could build a machine to reverse what does not exist. Talk about a typical government job. Indeed, these people build bridges when there is not even a river or gully to cross.
The British press seem to be more honest than American, especially after Snowden. In fact, The British Daily Mail is reporting that not only was this forecast of Al Gore dead WRONG, the ice cap has actually expanded for a second year in row covering 1.7 million square kilometres MORE than 2 years ago and it is also thicker!
The satellite images were taken from University of Illinois’s Cryosphere project that shows the ice has become even more concentrated. Yet they want to regulate cow farting. Honestly, if politicians actually believe this nonsense is debatable. Whatever the issue seems to be will only be a concern if there is more tax revenue to be justified. They will not outlaw smoking because they get tax revenues yet under the same theory they should ban it if this was about public concern.
Global Warming has been a fantastic excuse to raise taxes and now regulate cow farting in Europe. How about eliminating all the hot air created by worthless government programs? If we eliminated career politicians and voted from our laptops on every initiative, think of all the limousines that would not be driving them around and special plane flights for their vacations.

Donetsk Republic Sends Captured Ukrainian Soldiers Home to Mothers and Wives

http://www.paulcraigroberts.org/2014/09/01/25542/

This is an extremely interesting 9 minute video from the Donetsk Republic. It shows extraordinary
humane treatment and release of captured Ukrainian soldiers. The Christian behavior of the Donetsk Republic puts to shame the crude barbarians who rule in America and Europe and the media shills who whore for the Western barbarians.

Sunday, August 31, 2014

JACOB G. HORNBERGER: WHAT JAMES FOLEY’S MURDER SAYS ABOUT THE U.S.

http://fff.org/2014/08/29/what-james-foleys-murder-says-about-the-u-s/

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Gold at $2000?

QUESTION: Marty, do you think it is even possible for gold to close at $2,000 by year-end? This just seems to be the same story over and over again.
Thanks
SK
NYGOLD-Y 1264-2013 Support

(1864 high with 1992 low)
ANSWER: Sorry, no. Here is a chart of gold back to 1264. There is not even a pattern like that, which has EVER taken place. I am really at a loss why gold analysts keep proclaiming the same thing costing people their life savings. This is not how professionals trade. We have a huge professional client base because they have learned the hard way that OPINION is nonsense and not reliable. Is this not just a process of churning out novices and causing them countless losses to line the pockets of the pros. This is seriously impacting the lives of people and that needs to be respected.
Technically, this is the primary support channel in gold. It has not changed. These forecasts for gold are entirely out of context and ignore the entire world economic trends. You cannot even argue gold rises with war for that is not even true. Gold did not rally during World War II because it was fixed. Commodities did not rise because the government put in wage and price controls. This is not a simple if then do this formula. It takes a bit more - if then do this else do that.
GC-1982 Dollars

The major resistance in gold stands at $2300. That is the old 1980 high in today’s terms adjusted for inflation. Gold has NOT been the hedge against inflation as touted. If you bought gold in 1980 at $875 and the Dow Jones Industrials at 1,000, you have about $1300 for gold and 17,000 for stocks. That cannot be excused away. Gold isNOT a hedge against inflation, it is NOT money for you cannot pay your mortgage with it unless you sell it for dollars for the definition of “money” is the acceptance by society as a medium of exchange. It is not even legal tender for you cannot pay your taxes with it without converting to dollars. It is an investment – plain and simple.
RomeDecAureus 3
Gold remains the historical hedge against government. You should never reject all other investments waiting for gold to finally rally. I retired from the gold business after 1980 BECAUSE the model project a 19 year bear market. Sorry if that is impatient. But waiting 19 years is a bit too much for me personally. NOTHING always rises. There is a cycle to everything. You need to create databases to see what is even possible – not make up shit.
Gold-Fluctuated
When gold has been money it DECLINES with inflation and rises with DEFLATION. It has never been a store of value for that would imply a communistic state where everything is fixed from assets and wages to ensure that money buys the same every day. These are simply stories for child for they cannot be real. The idea that money is a store of value is a pipe-dream for those who do not understand how to even invest so they want to prohibit everyone else from making money since they do not.
Gold-1982-1991
Gold will rally when it rises in ALL CURRENCIES – not just dollars. To even claim gold will rise to $2,000 implies the dollar will crash. What about BIG MONEY that really drives the global economy. Where does it go? Rubles, Yuan, Euros? Come on. The worst is yet to come but that is a Sovereign Debt Crisis and I hate to tell these people it is at an advanced stage in Europe and Japan. We have not even gotten a taste of it yet in the USA – only a whiff with events like Detroit. Sorry, the dollar’s rise will still center stage and the will set in motion the economic decline from the outside moving in.
Gold’s role will be completely different. We are addressing this in the upcoming special report. This is covering gold in all major currencies so you can see the change in trend and when it is really due. This report is over 300 pages.

Draghi Asset-Backed Leverage for Euroland

Draghi Mario - 1
Mario Draghi of the ECB (European Central Bank) has cut a deal to fight inflation with BlackRock to advise on a possible bond-buying scheme to flood the market with euro cash. BlackRock will help the ECB to design a program to buy asset-backed securities as part of the regulator’s plans to ease credit conditions in the Euroland. Draghi, ex-Goldman Sachs, believes that a scheme would create demand for securitizations within the Euroland and provide incentives for lending to credit-starved businesses to get the economy going again when the banks have failed.
BlackRock  had been appointed by the Greek central bank this year to probe its four big banks’ balance sheets.  It was BlackRock which also worked with the Central Bank of Ireland during the Eurozone debt crisis. It will now provide the ECB with advice on the design and implementation of a potential ABS purchase program.
Mario Draghi has suggested that the central bank could buy packages of bank loans to households and companies as one way of fighting deflation. Effectively, this is the same idea that was behind the real estate boom going into 2007. Consequently, it is always the same scheme over and over again. Draghi has also warned that too few simple asset-backed securities were being sold in Europe, which needs the leverage from his point of view.