Tuesday, April 30, 2013

LEW ROCKWELL: Another Nail in the Neocon Coffin

http://lewrockwell.com/rockwell/manifesto-for-peace212.html

The recent opening of the Ron Paul Institute for Peace and Prosperity was a watershed moment in American history. There has never been anything quite like it. Ideologically diverse, the Ron Paul Institute reaches out to all Americans, and indeed to people all over the world, who find the spectrum of foreign-policy opinion in the United States to be unreasonably narrow. Until Ron Paul and his new institute, there was no resolutely anti-interventionist foreign-policy organization to be found.

THE RON PAUL INSTITUTE FOR PEACE AND PROSPERITY
http://www.ronpaulinstitute.org/

MARTIN ARMSTRONG'S LATEST BLOG POST


Stimulated/Austerity

The rise in taxation is driving costs higher, yet simultaneously lowering economic growth long-term We call this STAGFLATION because you get the worst of both worlds – rising prices with lower economic growth. Germany is headed into recession and their austerity policies have created massive deflation, high unemployment, and increased the pressure to cause the divide between the North and the South to explode. We should expect May/June to mark rising protests throughout Europe.
The consequences of this policy is bad loans, way overvalued Euro, noncompetitive industry and the Japanese cost of production declines with the drop in the yen on an international scale. We are now starting to see the price of massive derivative positions hit Germany undermining their banks as well. What we face is a rising dollar that will then flip the US economy by 2016 into recession. Right now, major German banks need capital.

PAUL B. FARRELL: Capitalism is killing our morals, our future

http://www.marketwatch.com/story/capitalism-is-killing-our-morals-our-future-2013-04-27?link=home_carousel


In a Market Society, everything is for sale


Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated.

Here’s the new $100 bill that’s due to enter circulation

http://blogs.marketwatch.com/election/2013/04/24/heres-the-new-100-bill-thats-due-to-enter-circulation/


New $100 bill
The Federal Reserve on Wednesday said the redesigned $100 note will begin circulating on Oct. 8.
The note incorporates new security features such as a blue, 3-D security ribbon and can be found here.
The design was unveiled in 2010, but the introduction had been postponed due to printing problems.

A Rise in Wealth for the Wealthy; Declines for the Lower 93%

http://www.pewsocialtrends.org/2013/04/23/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93/


An Uneven Recovery, 2009-2011

MARTIN ARMSTRONG'S LATEST BLOG POSTS


Socialism is Collapse for it Benefits only Politicians

marx-4
I am not exaggerating what is going on and how uninformed the politicians are because they do not “represent” the people and are certainly not from our ranks. They are a professional class that see themselves on top of the Great Unwashed looking down upon us all. This is the very same attitudes of monarchy. The king is dead – long live the Professional Politician.
Ex-ECB executive board member Lorenzo Bini Smaghi summed up the recent meetings. admitting: “We don’t fully understand what is happening in advanced economies.” These people are INCAPABLE to avoiding the total collapse because, like the Romans, they too were still laughing as the Empire crumbled into dust as St Jerome put it. There is no conspiracy – this is idiotocracy.
Rallies of the youth in Spain has shown that there is no future. This cannot continue. We are sitting on an explosive situation as we enter May and June. Create massive civil unrest and the German elections go chaotic.



Politicians Are Just Blind to Everything

Euro-Symbol - 5
To be a European politician, it is starting to look like the requirement was to be mentally challenged, incapable of reason, blind to the truth, oblivious to everything around you that shows you are wrong, and obviously they required special schooling as a child. Austerity to maintain “confidence” in the currency isPRECISELY what the academics advised during the Great Depression. Europe is being torn apart at the seams. How can you constantly raise taxes and then expect small business to develop to create jobs? Bankruptcies of business in Spain last year rose 45%. The youth are fed up with “socialism” and fail to see where taxing the rich benefits them with unemployment exceeding 60%. These politicians are destroying the entire future of the next generation. But they could care less as long as they get their perks and retain their jobs – that is all that matters – not the people, the country, or the future. Even S&P in Berlin has reported the rising tensions. You have to be brain-dead not to get this point. What is the end game? Sorry – I did not take the little bus to school so I somehow just do not get this reasoning.

How Europe Fails

Euro-Crumble
Ever since the ECB issued a report that claims the south was richer than the north to get out of bailing them out, the reaction behind the curtain is very interesting. The talk in the south is now to demand reparations from Germany for World War II. What goes around comes around. There cannot be any realistic expectation that these “loans” will ever be repaid. Had they just created a proper structured currency with a single national debt, this crisis would not have materialized and Europe would have emerged as a potential rival to the USA. It is instead one giant joke, Only a fool still thinks the Euro can compete with the dollar. It cannot absorb big capital because there is NO single national debt to compete with the dollar that is the only game in town for reserves. The tensions are rising. Herein lies the seeds of its destruction and even war.

Inflation v Deflation – Reality Check

Obama-Vampire
QUESTION: I read your metals report. This is really a great read. It is deflation that destroys empires by sucking in all assets like a black hole eats star systems. I am correct?
ANSWER: Yes! The hyperinflationists only look at Germany and Zimbabwe and assume if you print enough money that is where you go. What they fail to grasp is that they had no debt markets nor were they the reserve currency with worldwide demand. Germany was a brand new revolutionary government that was inviting the Russian communists to come take Germany. Who would buy their debt under such conditions? Capital withdrew even from the banks, so there was no cash or “real” money to be found. That stands in stark contrast to our position where we have a $17 trillion debt outstanding, $11 trillion in international central bank reserves (primarily debt starting to diversify into stock), with no alternative anywhere in sight since Europe is incapable of offering a national debt product, and who wants Japan?
The dollar is the ONLY game in town for now. Consequently, 40% of the interest is exported and it does not stimulate the domestic economy – non-inflationary. Then we have government aggressively raising taxes and where is much of that money going? Either overseas to service the debt or to government expense. We are sucking the lifeblood of the economy from our veins like a vampire and consuming it by the rising cost of government and exporting what they do not burn up.
BUBBA-1
The hyperinflationists have you looking in the wrong direction. Empires haveNEVER fallen by that method. Yet they sell this nonsense under the same theory that everyone who has ever eaten a carrot has died, and therefore carrots are lethal. There is a cost to big government – it sucks the productive forces out of the economy and lowers economic growth – plain and simple. These people have eliminated virtually the entire constitution and piss on the graves of such people as Thomas Jefferson and Ben Franklin to mention a few. They can only see their own power and will not give that up willingly.
Papers Please
They have convinced the police and military that everyone may be a terrorist so it is now papers please. The collapse of every empire, nation, and city state follows the same pattern. As the cost of government rises, they realize they need more and more money. That in turn compels them to raise taxes and that produces resistance. That in turn leads to a greater police state to save them control of power. Hitler also made it illegal for Germans to have accounts outside the country. The USA threatens to confiscate assets of anyone who fails to report what Americans are doing overseas so no one will allow Americans to have accounts in Europe – PERIOD!
Venetian-MouthOfTruth - Copy
Even the Empire of Venice established boxes called the Mouth of Truth where you were to report anything suspicious. Your name would not be required. The information then led to the torture of rivals and innocent people. The more you deny, the greater the torture to get to the truth.
ifyouseesomethingsaysomethinghomepg
We are heading down the very same road. Whatever government has done in the past, they are doing again right now. Hyperinflation is a distraction from what is taking place before your very eyes. They will not print to try to meet obligations, they will default on those obligations and seize everything not nailed down in the process. They will seize all pension funds when the economy turns down in 2016 to “protect” you of course and they intent to be “conservative” and buy government paper. So? What are you worried about? There is $20 trillion in these funds and $17 trillion in debt. Perfect – problem solved! Will anyone complain? Companies will be off the hook. States are behind. Pennsylvania has not funded state pensions for 5 years. The Feds will take over EVERYTHING right down to IRAs and 401Ks to protect you of course. That will justify a national sales tax as well. You have to pay for their amazing skill demonstrated by their management of social security. Remember the words of Milton Friedman.
Friedman-sand
Glass
Welcome to the new reality. If we do not blink – we go to the extreme of a Mad Max Event. So is the glass half full and we head into inflation, or is it half full because they have been sucking everything up? Open your eyes. Put your ear to the ground like the Indians use to do. Are they coming or going? That is a very important question that you have to answer in your mind. Just remember, guess wrong, and you may be totally unprepared for we cannot stop this crisis. It simply has to unfold. We get to pick up the pieces afterwards if there is anything left.

Paul Craig Roberts-: Recovery for the 7 Percent

http://www.paulcraigroberts.org/

“From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while the 111 million households with a net worth at or below that level saw their aggregate wealth decline by an estimated $600 billion.” Pew Research, “An Uneven Recovery, by Richard Fry and Paul Taylor.

Monday, April 29, 2013

MARTIN ARMSTRONG'S LATEST BLOG POST


Bad Banks

QUESTION: “When you comment on the banks, are you referring to FIDELITY INVESTMENTS?”
ANSWER: No. The banks you want to stay away from are the big money center banks in New York that engage in proprietary trading. Although they like to pretend they are smart, they are really trading with inside info. They constantly look for the risk-free trade and over the years, they have bribed everyone from the IMF to Russian politicians. Because they try to rig the game, they actually have no real risk skills. If you are bribing the IMF to keep the loans going to Russia, then why worry when interest rates go to 50% since you have the IMF saying I got you? This is why they always blow up. They seek the perfect rigged trade and that means they do not consider risk when they pay to keep government in their back pocket.
Stay far away from the proprietary trading banks. They are the ones that will blow up as always. This time, depositors will pay – no more bailouts.

Obama – Who is on First

The long debate that Obama’s birth certificate is a forgery has been admitted in court by Obama’s lawyer. However, that does not prove he is not eligible in a state court since law still prevails to some extent at that level unlike at the Feds. The birth certificate is a forgery but does that prove he was not born in the USA? Is he someone planted to simply usurp all rights? Who knows? It is far too late to get him out now. Just lies, lies, and more lies. This is becoming a comedy routine – who is on first.

Gold Stocks In Panic Mode?

CZGOLD
The Gold Stocks have fallen from grace fairly hard. This is what is actually necessary for the rally to continue into the 2017 to 2020 area. Supply must be reduced. As marginal mines shut down or slow production, this helps to reduce future supply. It will take a steady rise in prices to new highs before a lot become convinced to start-up again. Adjusted for inflation, the 1980 high is about $2300. That is the general level that must be exceeded before a real bull market unfolds.

Italy Turns Anti-Austerity & European Chaos Fills the Air

In Italy, the new government was sworn in as a pseudo-anti-austerity government which has the blessings of Berlusconi. There was an attempted assassination of politicians by an unemployed Talian, not that he was for austerity, but rather just against politicians. This is the rising trend that is starting to bubble beneath the surface. The ECB is desperately trying to ease a bit hoping to calm the storm in order to support the Merkel in the German elections. She is the last hope for Europe. If she goes, so will austerity and the economic union will start to tear apart.
You must understand that as the yen has declined, Japanese cars are gaining market share against the Germans who are saddled with a high Euro. The conflict is building where industry wants a lower Euro and Merkel wants austerity.
Meanwhile, there is a huge bureaucratic infrastructure of a federalized Europe in place. Brussels would not exist with the Euro. All these political jobs now are tied to the Euro’s survival. Instead of trying to revise it, they are all about maintaining the current status. This is why there will NEVER be a gold standard. Any effort to reform the system is in opposition to maintaining the bureaucratic infrastructure. This is why there is serious talk about letting the banks go and shifting the burden to the depositor. The bankers will not get bailout with another $700 billion check.
Things are never what the seem on the surface.

People should know what is really going on in technology. Windows 8 did more than remove the Start Menu, they replaced it with the Start Screen, which reports to Microsoft EVERY program you install. They claim this is to protect you from an attack. Granted, Microsoft is not the Dark Lord and would not perhaps be interested in looking at everything on your computer. However, the new law that allows the government to shut down any site for violating any copyright which is a covert way to shut-up people they do not like, also includes the right to demand all information without a search warrant from all the service providers. Therefore, they could easily go to Microsoft and demand they download everything from your computer with no notice to you whatsoever.
Naturally, this will be played down. However, there is also a chip in your car that will tell the dealer how fast you have EVER driven. All the info how and where you drive can also be now seized by the government. What is in your car is the new age black box.
These people cannot sleep at night worrying someone has some money they didn’t pay taxes on or is saying things they do not like. They want everything. You have no privacy in emails. Judges have held that is somehow different than a written letter in their twisted logic. This is the problem with government appointed judges. Human rights always go out the window.
I broke down and bought two new laptops with Windows 8. I turned one on and left it on my desk and took the other home. The default was the computer is automatically in “sync” with your other devices without requesting that. I changed the background and started to set it up over the weekend. When I came into the office, the background on the other computer now matched the one I worked on at home. After diving into the security problem, the layers of default to all sorts of cloud activity is alarming. Yes you can sync all your devices so you do not have to type it in again. This didn’t even ask me if I wanted to do that. This also means government can access your computer and they could turn on the camera and even impose taxes on sex. There is nothing beyond the observation of government. The question is, why the hell do they have to know everything everyone is doing?
A word of caution about Windows 8 and the new technology that is out there. Nothing is private anymore. Windows 7 is better – we now need a NON-US company to compete against Microsoft. An enough is enough.

THE GOOD GUYS ARE NOT COMING TO SAVE US

http://www.freemansperspective.com/good-guys-not-coming-to-save-us/


A lot of Americans know that the US government is out of control. Anyone who has cared enough to study the US Constitution even a little knows this. Still, very few of these people are taking any significant action, and largely because of one error: They are waiting for “the good guys” to show up and fix things.
Some think that certain groups of politicians will pull it together and fix things, or that one magnificent politician will ride in to fix things. Others think that certain members of the military will step in and slap the politicians back into line.  And,  I’m sure there are other variations.

QBAMCO On Precious Metals And The Coming 'Great Reset'

http://www.zerohedge.com/news/2013-04-29/qbamco-precious-metals-and-coming-great-reset

We recently asked:"are there really unpredictable market shocks or are investors paid not to care? To us, all signs point towards the next currency reset. We think monetary authorities are compulsively destroying the current global monetary system; they simply have no choice if they are to keep it afloat in the short term." With Bernanke not attending Jackson Hole, we think the choice for next Fed Chair may have profound economic implications, and that it would not require expertise in econometric modeling, credit policy management, and maintaining the public perception of economic stability. We think the next Fed Chairman will oversee a conversion of the global monetary regime.