Friday, November 1, 2013

Andrew P. Napolitano: NSA Spying on the President

http://www.informationclearinghouse.info/article36699.htm

The president claims he can start secret foreign wars using the CIA, secretly kill Americans using drones, and now secretly spy on anyone anywhere using the NSA. Is the president an unwitting dupe to a secret rats’ nest of uncontrolled government spies and killers? Or is he a megalomaniacal, totalitarian secret micromanager who lies regularly, consistently and systematically about the role of government in our lives?
Which is worse?

"Unmanned: America's Drone Wars" Hidden Truth Behind US Drone Program

http://www.informationclearinghouse.info/article36704.htm

One of the most anticipated documentaries on drones, directed and produced by Robert Greenwald, has been released so that audiences worldwide can finally see the US drone program for what it really is. The film takes viewers on a journey through the struggles of Pakistanis who have been affected by the strikes as well as a former USAF drone operator’s feelings about what he has done.
Posted October 31, 2013



http://www.youtube.com/watch?v=IfF0sjv4_ps

G.O.P. UNVEILS OWN HEALTH-CARE WEB SITE, EMERGENCYROOM.GOV

WASHINGTON (The Borowitz Report)—Saying that “the American people are fed up with a disastrous Web site that doesn’t work and never will,” House Majority Leader Eric Cantor (R-Virginia) and a phalanx of congressional Republicans today unveiled their own health-care Web site, EmergencyRoom.gov.
“At EmergencyRoom.gov, every American can access the one tried-and-true health-care system that has worked in this country for decades,” he said.
While Healthcare.gov has frustrated many users with its difficult-to-navigate design, Rep. Cantor said that at EmergencyRoom.gov, “Health care is just three easy steps away. One: enter your zip code. Two: see the list of emergency rooms. Three: get to the nearest one before you die.”
The Virginia Republican wasted no time touting the cost savings of EmergencyRoom.gov, comparing it favorably with the notoriously expensive Obamacare site: “Unlike Healthcare.gov, which private contractors built at a cost running into the hundreds of millions, EmergencyRoom.gov was built for nine hundred dollars by my intern Josh.”
And in contrast with Healthcare.gov’s maze of forms, links, and phone numbers, he said, “EmergencyRoom.gov has just one phone number: 9-1-1.”
In what may be the strongest selling point for the new site, Rep. Cantor said that the wait time on EmergencyRoom.gov is “virtually nonexistent,” not counting the twelve to thirty-six hours spent in the actual emergency room.

Trader Dan's Market Views

Friday, November 1, 2013

More Commodity Weakness

I am monitoring the following chart with a great deal of both concern and interest. Concern because month after month of $85 billion in Bond and MBS buying by the Federal Reserve, deflationary pressures remain undaunted. Interest because the grand experiment in "unconventional" monetary measures by the Fed is proving, thus far, to have little LASTING impact on the US Dollar. 

Back in 2008, when I first learned of QE1, I swore up and down that the US Dollar was finished as a result of this. Little did I know then that it would not be long before every Western Central Bank on the planet would be doing the same thing as the Fed!


I learned a valuable lesson and hopefully will be a little less dogmatic when it comes to expectations of market responses as a result. I still believe that in the long run the US Dollar is going to be in serious trouble. No nation that runs deficits and carries a national debt the size that this one does will be able to escape all the consequences of so doing. Then again, I wonder if I will still be alive long enough to see when it comes time to pay the Piper.

So far the modern day alchemists appear to be doing their thing with little consequences. This no doubt will embolden them to do even more should they feel the need (think Janet Yellen and be afraid; be very afraid). As I have stated in some private emails to others - I was shaking in my little boots when I first saw the Balance Sheet of the Federal Reserve approaching the $3 TRILLION mark. Now that it has eclipsed that and is on its way to $4 TRILLION, my attitude is: "Why not just let it go to $5 TRILLION or $6 TRILLION or even higher? Hardly anyone seems to be particularly disturbed by any of this. Certainly the stock market could care less".


Anyway, gold no longer seems to be reacting positively to ideas that the Fed is going to continue QE buying with no abatement for the near term. That is certainly cause for concern if you are a gold bull. The question then becomes, "what is it going to take as a fundamental catalyst to push gold into a sustained trend higher?"

This is the reason that the chart of the commodity sector concerns me - if after $4 trillion + of QE the commodity sector is moving LOWER, and not HIGHER, gold is going to have to find another reason for a rally other than inflation expectations. After all, it is next to impossible to make the case for inflation when the price of tangible commodities is moving down instead of up!

Note that the index below is right on the verge of making one of those important technical developments which sets Technical Analysis geeks such as myself to yapping. What I am referring to is the dreaded "Death Cross". No, this is not when the Death Star crosses in front of the Emperor's Battle Cruiser so that Luke Skywalker and friends can see it, but rather the 50 day moving average crossing down below the 200 day moving average from above. 

Such a thing is a big time bearish development and portends, as a general rule, more losses ahead for the complex. In other words, we are looking at falling commodity prices as we move forward, not rising prices. This is obviously great news for the consumer who will benefit as a result but a tougher environment for those whose living deals with these products/commodities. 

What this means for farmers is that the banner years that they have enjoyed in recent past are coming to a close, barring any major weather event. It also means that the price of farm land in the Corn Belt is probably as good as it is gonna get.  Farm equipment dealers too are going to get a dose of reality after selling lots of big, shiny, state of the art tractors, planters, combines, etc. As a matter of fact, I would look for the USED farm equipment business to see a boom as a result. Hey, maybe I should move to Iowa and start a used farm equipment business! I can put it right next to Kevin Costner's Field of Dreams!

For the consumer, it means lower gasoline prices at the pump. Yippee! It also means it will be cheaper to heat one's home this winter for those using heating oil. Nat gas prices are well off their lows under $2.00 but remain cheap by historical standards. So perhaps the harm from that abomination known as Obamacare will be offset somewhat for the struggling consumer in the form of lower prices at the grocery store and for energy use. 

Maybe, and of course, we can dream, airlines will lower their fares or at least get rid of any fuel surcharges and actually bring us some damned food for free while we sit in their newly scrunched up seats and endure hours of torture merely because we wish to transverse the country and get to another side of it.

I find it perverse that the administration which has never met an energy pipeline it did not hate or a fossil fuel that it did not despise, gets to somehow preside over the greatest energy boom in US history. All this in spite of the obstacles that it places in front of one of the he most innovative industries in the US, the oil and gas industry. Keep in mind that the finds of oil and natural gas have been occurring on PRIVATE LANDS, not government owned lands. Those have been effectively shut to the energy industry except for those where everyone and their dogs knows that there is little to no oil or gas.

Thankfully American know-how and ingenuity continue to help make energy cheap and affordable. As an American who is deeply distressed at what is happening both to and in my nation, I am grateful that at least that is the case. Throw in the fact that the American Farmer is the still the BEST anywhere in the world, and we can be grateful that these two necessities of life, food and energy, remain relatively available and affordable, unlike other places in this world. 


As far as the US Dollar and gold goes - It will come down to CONFIDENCE as far as I am concerned. When the game ends and there is the sudden awakening of the investment crowd as to the artificial nature of the entire US financial system, then and only then, will gold find its footing and shoot upward. As to when that will occur or what the catalyst/event/events that will usher in this awareness I am at a loss to say. I can only hope that I can recognize it when it does arrive.

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Trying to Outlaw Speculation

Michel-1
In Switzerland, it is a far more democratic process than in the USA. You need 100,000 signatures to create a proposition to alter the Constitution that then is put to a general vote for the people. What is going on is that the Socialists have gathered about 130,000 signatures to ban speculation in commodities. We have weighed in of this one with Michel writing a piece in German explaining the markets and the absurdity of trying to outlaw speculation (see piece: nzz__Mi_20131023_KPLBF_16.00) , which has now been picked up by Reuters.
This is the great problem we face. As the world falls deeper into debt, the socialists will be urging to shut down the free markets and create their Utopian world. These people have an agenda. There is no real debate with them – they know all the answers. If the world falls to their hands, communism will return. They want the free markets shut down and have convinced themselves that “paper” contract make prices higher. Of course the Goldbugs claim the opposite that they suppress the price of gold. Both have targeted the futures “paper” contracts to support their particular view. The Goldbugs argue eliminate futures and prices will soar. The Socialist claim eliminate futures and prices will decline. Eliminating the futures markets will destroy production and introduce greater risk while creating the incentive to not produce at all.
1896-Campaign
The Socialists in Switzerland are making the same mistake about the markets as did the Silver Democrats. All markets are really international and thus the USA used a 16:1 ratio of silver to gold that was out of line with the free markets. This created massive unsound finance.
Cleveland
These types of manipulations up or down only lead to economic disaster. They see the world capital as a pretty Butterfly. They fail to realize they must compete internationally.
Wheat Vol 5 & 10 Years
Here is a chart of the volatility in wheat back to the 13th century. As markets expanded volatility declined. Volatility rose only when we began to see World War I and II devastate the European economy. Expanding markets reduces volatility creating stable prices.

John Kerry Admits Some NSA spying went Too Far

Kerry John
John Kerry admits that some NSA spying went TOO FAR as reported by the BBC. Kerry said he will work with Obama to “prevent” further inappropriate acts by the NSA. But what is also emerging in Asia is a rising protest that this has been a joint effort assisted by Australia and in Europe Britain. What these people FAIL to understand is that if you SPY on everyone, you will change the behavior of everyone.
nsa_building
Not only has the NSA trashed the image of the USA worldwide where now nobody trusts whatever the USA says, but the entire legal system is seen as a joke right down to not prosecuting any major banks for destroying the world economy. One client wrote:
COMMENT: “Snowden has illustrated how even in your case the US press refuse to address the facts and how the New York Times backed down after government made phone calls to them and Bloomberg News is hopelessly prejudiced. It took the Guardian in London to expose the NSA – not anyone in the American press. This simply demonstrates the lack of free press in the USA. When your movie comes out next year it will pull the curtain back exposing the inherent corruption that has consumed the United States political and banking systems.”
The legal system, spying system, judicial system, and political system, have degenerated into precisely what Edward Gibbon wrote about Rome; “unless public liberty is protected by intrepid and vigilant guardians, the authority of so formidable a magistrate will soon degenerate into despotism.” Indeed, Gibbon also wrote:Suspicion was equivalent to proof; trial to condemnation.” This applies to the USA and the NSA today.
We have lost everything that so many generations before us fought and died for – the preservation of liberty, justice, and the Constitution. All have fallen to dust and crumbled to the ground. Gibbon concluded his Decline and Fall of the Roman Empire with this passage.
“Her primeval state, such as she -might–appear in a remote age, when Evander entertained the stranger of Troy, has been delineated by the fancy of Virgil. This Tarpeian rock was then a savage and solitary thicket; in the time of the poet, it was crowned with the golden roofs of a temple, the temple is overthrown, the gold has been pillaged, the wheel of Fortune has accomplished her revolution, and the sacred ground is again disfigured with thorns and brambles. The hill of the Capitol, on which we sit, was formerly the head of the Roman Empire, the citadel of the earth, the terror of kings; illustrated by the footsteps of so many triumphs, enriched with the spoils and tributes of so many nations. This spectacle of the world, how is it fallen! how changed! how defaced! The path of victory is obliterated by vines, and the benches of the senators are concealed by a dunghill. Cast your eyes on the Palatine hill, and seek among the shapeless and enormous fragments the marble theatre, the obelisks, the colossal statues, the porticos of Nero’s palace: survey the other hills of the city, the vacant space is interrupted only by ruins and gardens. The forum of the Roman people where they assembled to enact their laws and elect their magistrates, is now enclosed for the cultivation of pot-herbs, or thrown open for the reception of swine and buffaloes. The public and private edifices that were founded for eternity lie prostrate, naked, and broken, like the limbs of a mighty giant, and the ruin is the more visible from the stupendous relics that have survived the injuries of time and fortune.” 

Following the Money Where No Man Has Ever Gone Before – September 11, 2013

Andrew Gause and the Real World of Money – 9/11 Anniversary SPECIAL – Following the Money Where No Man Has Ever Gone Before – September 11, 2013

Andrew Gause

THE REAL WORLD OF MONEY

Show Highlights:

Building 7 was brought down by a controlled demolition the evening of Sept 11, 2001.

The who, what, where and why notwithstanding; Andy tells us exactly which organizations were housed in Building 7, who ran the security and what important documents were destroyed in the demolition.

-Enron, World Com, Securities and Exchange Commission, and money laundering case files and more all lost in the demolition of Building 7

-Project Hammer – Poppy Bush, Alan Greenspan, 300,000 tons of gold and the 911 connection

-Barrack, Gold, George Bush and the 911 Connection

-Yamashita’s Gold, Japan, Marcos and the 911 Connection

-The Rothschild Family, George Soros and the 911 Connection

-240 Billion Dollars in Brady Bonds with George H. W. Bush and the 911 Connection

-Money laundering, J.P. Morgan and the 911 Connection

-Airline stocks shorted before 911

-You’ll hear a history lesson definitely not taught in schools

and so much more!!!

Andrew Gause may just be the top man anywhere for the highest quality analysis into the world of money we all live in. Andrew is a currency historian, an internationally recognized expert on the United States monetary system. He’s written two books, “The Secret World of Money” and “Uncle Sam Cooks the Books”. You can order these books as well as speak to Andrew personally. As a One Radio Network listener, you’ll have highest priority in his phone time. His # is 800.468.2646

Visit Website


andy gause, real world of money, 911 financial special, sept 11, 2013, hour one
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andy gause, real world of money, 911 financial special, sept 11, 2013, hour two
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CHRIS FLOYD: Choosing Murder: The True Nature of the System Laid Bare

http://www.chris-floyd.com/home/1-latest-news/2354-choosing-murder-the-true-nature-of-the-system-laid-bare.html

Closed Senate committee passes bill that cements bulk NSA record collection

http://endthelie.com/2013/10/31/closed-senate-committee-passes-bill-that-cements-bulk-nsa-record-collection/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+EndTheLie+%28End+the+Lie%29#axzz2jNKVYp1Y

In a closed session, the US Senate Intelligence Committee approved legislation that codifies into law the NSA’s bulk collection of domestic telephone metadata.
The bill, sponsored by committee chair Sen. Dianne Feinstein (D-CA), cements bulk phone metadata collection into the business records provision (Section 215) of the Patriot Act, strengthening NSA surveillance legality allowed under the Foreign Intelligence Surveillance Act (FISA).

More at EndtheLie.com - http://EndtheLie.com/2013/10/31/closed-senate-committee-passes-bill-that-cements-bulk-nsa-record-collection/#ixzz2jNLO2PjL