Our favorite economic and trends analyst in the world, Gerald Celente from the TRENDS JOURNAL returns to SGT Report to discuss the current state of affairs in the United States and beyond. SGT Report contributor Mark S. Mann also joins in on the conversation.
As for our elected “representatives”, the Republicans and Democrats, Gerald says, “They’re murderers and thieves. They murder millions of people in the name of bringing ‘freedom and democracy’ to a country near you, and steal our money in the name of too big to fail bailouts, loan guarantees, special tax breaks and other dirty deals – and the people KNOW IT.”
As we dive deeper into the interview, Mark asks Gerald about Benjamin Netanyahu’s recent speech in front of the US Congress and the $6 BILLION in “aid” the US government gives to Israel annually, Gerald explains that Israel is a nuclear power and an apartheid state – and sounding a lot like Dr. Ron Paul, Celente explains, “I’m against giving money to Israel as I am against giving it to any other country. This country is rotting in front of us. The infrastructure stinks. The country’s going downhill. I don’t want my money going to Israel, to Italy, to Ireland, I don’t want it going any where. And when you talk about Israel, the people try to attack you with this cheap BS line of ‘anti-Semitism,’. Let’s get this straight: Israel’s a country, it’s not a religion.”
Buckle up as we spend the next half-hour with the number one trend’s forecaster in the world.
Overhead chart resistance centered between $1225-$1220 has proven to be a bride too far for the gold market. That region has now been confirmed with today’s plunge as a formidable barrier that gold bulls will have to overcome if there is ever going to be anything besides “boring” in the gold market anytime soon. Notice on the ADX/DMI, that the short-lived move higher coming off the heels of the FOMC statement has seen the ADX turn down, as well as the +DMI. Also, the RSI has failed at the 60 level, a level which tends to hold bear-market rallies.
I still go back to the fact that gold is moving inversely to the yield on the Ten Year Treasury note. When interest rates rise, as they did today, gold tends to struggle. An offshoot to the higher rates is strength in the US Dollar, which also pressures gold.
It will be interesting to see if the next update on reported holdings of GLD shows yet another decline.
Two Chinese nationals, Mo Hailong and Mo Yu, are accused of stealing genetically modified (GM) seed technology from biotech giants DuPont Pioneer and Monsanto, as reported by the Des Moines Register.
The siblings face prosecution in what defense attorneys have labeled a “breathtaking and unprecedented” abuse of power. They are among other Chinese nationals who were accused of espionage over GM corn seed several years ago. Are these individuals stealing valuable trade secrets from international agricultural companies or are they simply practicing Borne-Identity-type tactics to keep the upper hand on biological terrorism practiced through the latest GMO technologies?
The Chinese Nationals face ten years of imprisonment based on the decision of a secret court called the Foreign Intelligence Surveillance Court, also known as FISA. FISA is best known for taking privacy rights from Americans by allowing the NSA to spy on citizens through their cell phones, email accounts, and banking activity.
As the first quarter of 2015 draws to a close, let’s take inventory of where we stand and then let’s see if we notice anything interesting. Not really sure where to start so, as MrsF likes to say, we’ll take things “in no random order”: OK, I admit it. I tricked you. Those numbers are not in “no random order”. Instead, notice the three items where I’ve bolded the % return numbers. Hmmm. No why would I do that? Could it be this be another exercise where Turd explains how the algos run everything?
YES! It’s exactly that!
As has been documented here ad nauseam, the price of gold is now largely determined solely by fluctuations in the yen. The yen goes down, gold goes down. The yen goes up, gold goes up. Put more specifically…the dominating computer-driven algo trade is long the USDJPY and short gold. The easiest way to show this is by inverting the USDJPY chart and plotting it overlaid with gold. When you do this, you get the chart below…and it’s a fair chart with the vertical axes nearly identical in % change:
Yesterday we discussed the utter insanity of the debt-based education system—the trillion+ dollar explosion of student loans out there that may very well be the next bubble to burst. It’s a completely ridiculous system which saddles 22-year olds with tens of thousands of dollars of debt before they even have a chance to start life. But this has become the norm. DEBT has become the norm. Like everything else in our financial system, debt dominates. Government finance. Consumer spending. Pension programs. Higher education. All of these systems are based on debt. And anyone who wants to break free from this needs to seek unconventional alternatives. So if you’re a young person looking for other options other than debt-based university, consider the following:
1) Attend a foreign university. If you absolutely MUST attend university at such a young age, consider top quality universities abroad. Most importantly, you’ll have the unforgettable experience of living abroad… something that can not only be life-changing, but also set you apart from your peers. It’s also a great way to learn a foreign language (even though the courses at many foreign universities may still be taught in English). Plus, studying abroad can be a LOT cheaper.
This year’s Boao Forum for Asia (BFA) became a central focus for China’s mobilization around the “One Belt, One Road” project for Asia and the world. In his speech on March 28th, President Xi Jinping had traced the development of the Asia-Pacific region during the last 70 years from the end of the Anti-Fascist War and the founding of the United Nations, to the historic Bandung conference 60 years ago, where Chinese leader Zhou Enlai and India’s Jawaharlal Nehru had laid out the Five Principles of Peaceful Coexistence, including non-interference in the internal affairs of other nations. “This year we will witness the completion of the ASEAN Community,” Xi Said. With the development of the two new Silk Road projects, China hopes to create by 2020 an East Asian Economic Partnership.
Boao drew 48 nations this year with a much greater participation of world leaders, attracted by the vision of the New Silk Road. Most significantly, China used the opportunity to present a broad and detailed program of how they envision the development of their “One Belt, One Road.”
I can still remember being in elementary school and the alarm going off in the middle of class, it was time to practice “duck and cover”. Another practice drill was when all six grades would march to the basement of the building and huddle in the boiler room, a potential nuclear war at any time was very real to us in the old days. It’s different today, everyone “knows” a nuclear war can nor will ever happen. It can’t happen because our leaders driving the bus are too smart to ever go down that road …right?
In case you have only been watching mainstream media, you may not be aware another “little war” has broken out in the Middle East between Saudi Arabia and Yemen. I mentioned “mainstream media” above because …there is almost NO MENTION of this. More coverage has been given to an airliner crashed by a depressed pilot and Mr. Obama’s recent golf trip. What is happening is so complicated it boggles the mind. The underlying cause can be said to be religious, between the Sunnis and Shiites but this line is quite blurred because of other alliances.
Using financing from the Bill & Melinda Gates Foundation, Ivy League Cornell University’s Alliance for Science has launched a multi-million-dollar broadside against a small food-oriented public interest group as a means of pushing genetically modified organisms to new markets around the world — and all in the name of advancing the welfare of Mankind.
The group being targeted is called U.S. Right to Know, and its mission, according to the organization’s website, is to “expose what the food industry doesn’t want us to know.” The group was founded by Gary Ruskin, a long-time anti-GMO advocate.
As reported by Corporate Crime Reporter, the Cornell Alliance for Science is using a $5.6 million Gates Foundation grant to “add a stronger voice for science and depolarize the charged debate around agricultural biotechnology and genetically modified organisms (GMOs)” — or, more correctly, “defend GMOs on behalf of the agrichemical and food industries against all critics,” the website reported.
With stock markets weaker across the globe, today a 50-year market veteran warned King World News that a huge game-changer is about to strike. He also discussed the truth about what is really happening around the world.
John Embry: “Yesterday we saw a surge in stocks and a smash in gold. The interesting thing was the supposed reason for the surge in stocks was related to discussion of possible Chinese easing. Well, continuous easing and additional QE by virtually every country in the world would normally benefit gold and silver, not cause them to plunge in price.
I defend this country…I defend those rights for you. -Cop, before arresting guy walking home. It’s October 2013 and a man is walking home down a picturesque road. He is being watched. He is being followed. This is evidenced by the police dashcam video that was finally released.
When he gets stopped by an officer for “suspicious activity” he doesn’t just shrug and leave it at that. He morphs into assertive overdrive. He knows the law and his rights, even though the officer claims otherwise. The officer demands the pedestrian’s identification on the claim of suspicious activity. He follows the man, saying repeatedly that yes,it is his business.
The cop projects everything he is doing onto his prey. Stop escalating, he warns. And, you are acting suspicious right now. A second cop arrives to interrogate even after the man provides information to quell any suspicions of criminal activity. When they can’t arrest him for acting suspicious or not giving ID, voila! they pull something else out of their bag-o-charges.
Body Count Report Reveals At Least 1.3 Million Lives Lost to US-Led War on Terror … Although a conservative estimate, physicians’ groups say the figure ‘is approximately 10 times greater’ than typically reported … – CommonDreams.org
Dominant Social Theme: These are just skirmishes.
Free-Market Analysis: It is important to keep track of the war on terror and its damages. A big war creates immense antipathy among those subject to its destruction … Trade suffers; blowback occurs. And for the US, such a war can be economically draining far beyond what is now being reported. This is not really taken into account in the economic analyses purveyed across the airwaves and in mainstream electronic and print publications. But it is important to keep the scope of US-led wars in mind when contemplating the possibility of an ongoing US recovery and its avoidance of significant price inflation.
Last Friday and again yesterday, the Vice Chairman of the Federal Reserve, Stanley Fischer, delivered speeches that attempted to refocus his audience away from the systemic global risk posed by behemoth Wall Street banks and redirect their gaze to dangers lurking in the nonbank sector: things like mutual funds and hedge funds.
Reading the speeches, we had an epiphany here at Wall Street On Parade: if something does blow up in the nonbank sector it is highly likely to be caused by an interaction with a Wall Street bank. The insurance company, AIG, would not have failed during the last financial crisis had it not agreed to engage in Credit Default Swaps (CDS) with Wall Street mega banks. Fannie Mae and Freddie Mac would not have failed had they not been seduced into buying dodgy mortgages, mortgage-backed securities, and derivatives from Wall Street banks. The Reserve Primary Fund, a money market fund that infamously broke the buck (its shares fell below the sacrosanct $1 per share) in September 2008, did so because of its holdings of Lehman Brothers’ debt – a large Wall Street investment bank which failed in September 2008 while owning two FDIC-insured banks — Lehman Brothers Bank, FSB and Lehman Brothers Commercial Bank.
With all of that job creation being claimed by the Obama administration and disseminated by mainstream media outlets as signs of a sustained recovery you’d think most college graduates would have no trouble keeping up with their bills. But new data released by the Department of Education tell a different story.
According to the report as many as 33% of American college grads with student loan debt are now in delinquent status on their repayments.
About one-third of borrowers with federal student loans owned by the U.S. Department of Education are late on their payments, according to new federal data.
A judge in Xenia, Ohio said “there will be no mentioning of the Constitution” during a trial of a journalist who is charged with a misdemeanor after he was cited for protesting against an anti-panhandling ordinance.
Judge Kathryn Barber laughed when the defendant, Virgil Vaduva, argued his protest on a public sidewalk outside the Xenia police station constitutes free speech. The exchange between Barber and Vaduva occurred after a prosecutor said mentioning the Constitution during the trial would “confuse the jury.”
Many Americans are surprisingly ignorant of the Constitution and the founding principles of the United States. An informal ABC News poll conducted in 2011 revealed that 70 percent of 1,000 people surveyed could not identify the supreme law of the land (the Constitution).