by Jeff Nielson, Bullion Bulls Canada:
As indicated in my most-recent commentary; we are very likely already in a Post-Default World in the gold market. Specifically, at some time (likely several years ago) the bankers’ paper “gold market” experienced technical default, where current and immediate claims on existing gold inventories significantly exceeded those inventories.
Actual (versus “official”) inventories of gold in the bankers’ metals warehouses today are now a large, negative number – in the many millions of ounces. Official (and visible) default in the gold market has only been averted by a cornucopia of fraud, primarily “fractional-reserve banking” in the gold market, i.e. through “selling” each ounce of actual gold possessed by the banking cabal to numerous chump-owners.
The magnitude of this ‘fractional-reserve’ fraud is something about which we can only speculate, but we do have parameters.
Read More @ BullionBullsCanada.com
Harley Schlanger, the National Spokesman for LaRouchePAC joins me to discuss the latest – as the United States creeps toward another Bankster designed world war led by Obama, the Neocons and the CIA. We document the crimes of CIA head John Brennan who had boots on the ground IN the Ukraine just days ago, the same man responsible for covering up 28 pages of “redacted” and “classified” 9/11 information implicating the Saudis in the crime of the century. We also discuss the BLM-Bundy Ranch crimes, the Traitor Harry Reid, drought and much more.
Podcast: Play in new window
by Jeffrey P. Snider, Contra Corner:
McDonald’s latest results confirm that something is very much amiss on the consumer side. Total global revenue grew only 1% Y/Y, including new store launches and acquisitions. However, as has been the pattern since 2012, US comparable store sales lagged markedly. The rate of contraction in Q1 was actually the worst in more than a decade.
Even if you believe that the cold and snow of January and February played a role, it could not have explained that comparison. There is simply no way that anything other than consumer exhaustion can create the chart above.
One need only glance at the revenue history of companies in the S&P 500 to see that in full effect. If McDonald’s persistent travails are limited to the company, or even the fast food industry, there is no way that the revenue pattern for MCD would so match closely that of the entire S&P 500. The commonality screams macro.
Read More @ DavidStockmansContraCorner.com
This is how empires collapse: one complicit participant at a time.
by Charles Hugh Smith, OfTwoMinds.com:
Before an empire collapses, it first erodes from within. The collapse may appear sudden, but the processes of internal rot hollowed out the resilience, resolve, purpose and vitality of the empire long before its final implosion.
What are these processes of internal rot? Here are a few of the most pervasive and destructive forces of internal corrosion:
1. Each institution within the system loses sight of its original purpose of serving the populace and becomes self-serving. This erosion of common purpose serving the common good is so gradual that participants forget there was a time when the focus wasn’t on gaming the system to avoid work and accountability but serving the common good.
Read More @ OfTwoMinds.com
At what point does the American public start asking why?
from Off Grid Survival:
In the latest mass purchase of ammunition by our federal government, the Department of Homeland Security (DHS) is yet again stockpiling massive amounts of ammunition for their “federal officers.” In a solicitation placed on the Federal Governments FBO.gov website, DHS is requesting bids for 25 Million Rounds of Shotgun Ammunition –12 Gauge “Slug” and “Buckshot”.
In October 2013, DHS estimated it already had approximately 159 million rounds in inventory, but as we’ve highlighted in the past, these numbers are probably much higher. In fact, in February of this year, we found a report from the Government Accountability Office which exposed DHS plans to spend $22.7 million to buy an estimated 75.1 million rounds of ammunition.
Read More @ OffGridSurvival.com
from Ellis Martin:
Some “Miners” from Vancouver have gone to pot, literally. David Morgan and Ellis Martin discuss what happens to a ‘mining’ company when it’s got nothing…and then the market collapses.
What to do with the shell this time?!?! Some of the same cast of characters that have been around in Vancouver for almost 20 years are experts at removing investors from their cash. Did Mr. Morgan call them psychopaths or sociopaths? Perhaps. Some of us predicted, including both Mr. Morgan and Mr. Martin that the low-end smoke and mirror mining companies would remake themselves when the sector began to fail. They’d take their public shells and remake them into a new flavor to promote.
[Ed. Note: The conversation begins at 1:15.]
from Prepper Recon:
Washington State Representative David Taylor joins me on the Prepper Recon Podcast today to talk about his recent visit to the Bundy Ranch and what the new Coalition of Western States is doing to combat the tyranny from the Federal Government.
[Ed. Note: When we called the Ukraine a Hair-Trigger For Thermonuclear War back in February of this year, some thought we were overstating the severity of the situation. We weren't.]
UPDATE: Dutch fighter jets were scrambled after Russian bombers approached Dutch airspace; the Russian planes turned away
With both sides appearing to have entirely un-de-escalated and the truce deal now a thing of the past (besides a few hundred Dow points), the Russians are speaking up today – and are not happy:
RUSSIA IS EXTREMELY SURPRISED BY KIEV AND WASHINGTON’S “DISTORTED” INTERPRETATION OF AGREEMENT REACHED IN GENEVA LAST WEEK ON DE-ESCALATION OF UKRAINE CRISIS – FOREIGN MINISTRY SAYS KIEV AND WASHINGTON “CLOSING THEIR EYES” TO PROVOCATIVE ACTIONS BY NATIONALIST FORCES IN UKRAINE
And, on the heels of Turchynov’s official restart of the so-called anti-terrorist operation, Russia is calling on Ukraine to pull back military from Ukraine’s southeast… and rattles its sabre by undertaking a military exercise on the border.
Read More @ ZeroHedge.com
Abby Martin reports on a wave of US drone strikes that killed as many as 55 people in Yemen, marking one of the deadliest weekends since the advent of drones, and also on a federal court’s ruling to disclose aspects of a classified memo detailing the legal justification for assassination of US citizen Anwar al Awlaki by way of drone strike.
by J. D. Heyes, Natural News:
Prior to World War I, nearly all psychiatrists worked in mental institutions, where they dealt with the committed and insane. But they were really just caretakers; they didn’t cure anyone. In fact, in those institutions, the “inmates” were very often subjected to cruel and inhumane psychiatric experimentation, and much of it was inflicted upon them to keep them quiet, not make them better.
When the Great War broke out, psychiatry made its first foray into the military. For example, in Germany, soldiers who were unwilling to return to the hellish trench warfare at the front were subjected to what was called the “Kaufman Cure.” It was anything but a cure, however; it was a procedure that involved shooting painful electrical currents through the soldier’s body while a practitioner intoned hypnotic suggestions. Its victims rightly deemed it a form of torture, but the Kaufman Cure was widely seen as successful by psychiatrists because it did indeed induce terrified soldiers to return to the front lines, and in a rush.
Read More @ NaturalNews.com
by Michael Snyder, The Truth Wins:
Why is the federal government so obsessed with grabbing more land? After all, the federal government already owns more than 40 percent of the land in 9 different U.S. states. Why are federal bureaucrats so determined to grab even more? Well, the truth is that this all becomes much clearer once you understand that there is a very twisted philosophy behind what they are doing. It is commonly known as “Agenda 21″, although many names and labels are used for this particular philosophy. Basically, those that hold to this form of radical environmentalism believe that humanity is utterly destroying the planet, and therefore the goal should be to create a world where literally everything that we do is tightly monitored and controlled by control freak bureaucrats in the name of “sustainable development”. In their vision of the future, the human population will be greatly reduced and human activity will be limited to strictly regulated urban areas and travel corridors. The rest of the planet will be left to nature. To achieve this goal, a massive transfer of land from private landowners to the federal government will be necessary.
So the conflict between Nevada rancher Cliven Bundy and the BLM is really just the tip of the iceberg. The reality is that the BLM has their eyes on much bigger prizes.
Read More @ TheTruthWins.com
by Bix Weir, Road To Roota:
Just days before the Obama Administration announces new sanctions on Russia there is news coming out of Russia that there is a new “Limited Edition” 1kg SILVER COIN being released with Putin’s likeness on it… Russia: Special Putin Coins Mark Crimea Annexation
It’s fair to wonder … IS THIS A WARNING TO THE WEST THAT PUTIN KNOWS THE BANKSTERS ACHILLES HEAL IS PHYSICAL SILVER? WILL PUTIN ANNOUNCE A MASSIVE SILVER PURCHASE PROGRAM IF OBAMA GOES TOO FAR? ARE WE APPROACHING THE END OF THE ROAD FOR THE SILVER MANIPULATORS?
Who knows, but anything is possible at this delicate stage of the battle for our freedom. Keep an eye out for the escalation OF EVERYTHING very soon.
May the Road you choose be the Right Road.
Learn More @ RoadToRoota.com
by Gregor Macdonald, Peak Prosperity:
Understandably for the US, which sustained a consumption supercycle for several decades, the post-financial crisis period has kicked off a new trend: Americans want to consume less, and make more.
Americans want to own less stuff, use less energy, and produce their own goods. In short, Americans want to sell. Indeed, it has been the stated goal of the current Administration to significantly increase exports for several years now. And, it’s working.
However, to extract itself from several decades of deflation, Japan has also wanted to increase its exports to the world.
And Europe, too, wants to increase exports to extract itself from its own deflation. Eurozone inflation just fell again, to a quarter of the ECB’s target. That’s the lowest reading since the crisis year, 2009.
Read More @ PeakProsperity.com
from Contra Corner:
This eruption of late cycle bubble finance hardly needs comment. Below are highlights from a Bloomberg Story detailing the recent surge of leveraged recaps by the big LBO operators. These maneuvers amount to piling more debt on already heavily leveraged companies, but not to fund Capex or new products, technology or process improvements that might give these debt mules an outside chance of survival over time.
No, the freshly borrowed cash from a leveraged recap often does not even leave the closing conference room—it just gets recycled out as a dividend to the LBO sponsors who otherwise hold a tiny sliver of equity at the bottom of the capital structure. This is financial strip-mining pure and simple—-and is a by-product of the Fed’s insane repression of interest rates.
Read More @ DavidStockmansContraCorner.com