Last week saw the continuation of multiple tectonic plates determining our economic and political future inexorably grinding into each other. The first is the deterioration in the underlying macroeconomic picture. We were bombarded by seemingly positive economic statistics. When the statistics are analyzed in depth and the inevitable “revisions” and “seasonal adjustments” are made, the reality is something quite different from what we were told.
True unemployment is much higher than the official number as is inflation. The number of unemployed continues to be transfixed at an outrageous level, yet we are told that in the United States, the unemployment rate is declining. We were told that GDP soared, yet well over half of the gain came from increased inventory. Year-over-year sales on “Black Friday” declined. Job creation was better than expected, but much of the increase was in government hiring.
Robert Fitzwilson continues @ KingWorldNews.com
[Ed. Note: Dear double-speak master Obama, is a premium that is THREE times higher than what people were paying PRIOR TO BEING CANCELLED, "affordable"?]
from ABC News, via ThinkOutsideTheTV:
from Wealth Cycles:
Big banks—mega-banks—arguably deserve a large portion of the blame for the 2008 financial crash. Their risky behavior put the entire global economy in jeopardy, requiring a massive bailout and years of ongoing stimulus to attempt to set things right. But despite the vows of “never again” from those in positions of political and economic power, banks today are even fewer and even bigger than they were in 2008.
For a variety of reasons, mostly to do with profit, mortgage lenders began making loans to the riskiest of borrowers in the years leading up to the crisis. The high-risk home loans were sold off to the big banks, where some bright quants figured out how to bundle them into pools consisting of hundreds of high-risk mortgages, that could then be sliced up and sold to investors. Low interest rates encouraged by the Federal Reserve encouraged banks to make riskier bets on mortgage backed securities, credit default swaps and other derivatives than they ordinarily would have done. As the housing bubble ballooned, the financial incentives to loan money to high-risk borrowers grew. When the housing market began to turn south in 2006, the whole house of cards began to wobble. A recent article in The Economist describes the turn of events:
Read More @ WealthCycles.com
by Ken Jorgustin, Modern Survival Blog:
We’ve written a number of articles to do with home-security including ways to prevent home burglary, and although there are lots of things that you can do for prevention, the following are just two of the many things to hep prevent a home burglary attempt…
A strike plate is the metal plate screwed to your door jamb with a hole for the bolt of the door-lock. When the door is closed, the bolt extends into the hole in the strike plate, and holds the door closed. Since the door jam is usually soft wood, the strike plate ensures a more secure latch.
The problem is, the majority of door-lock strike-plate’s are installed and screwed into the door jam with SHORT SCREWS. A door can be easily kicked in if it has strike-plate screws which are only about 1-inch long (often typical).
Read More @ ModernSurvivalBlog.com
by X22Report, via The Victory Report:
from SRS Rocco:
Not only is there a battle going on between the East and West when it comes to increasing physical gold reserves, there’s also a gold production war taking place amongst these same nations.
Something quite extraordinary took place in 1997 which very few investors are aware. This was the year that the West peaked in overall gold production. Even though the world will hit a new record of global mine supply in 2013, the combined total of the top Western gold producing countries are still way off their highs set in 1997.
It took a great deal of effort and several decades, but the Eastern gold producers have beaten their Western competitors by a wide margin. If we look at the top 3 Western gold producing countries since 1988, we can see an important trend:
Read More @ SRSroccoReport.com
Having discussed the advantages and disadvantages of the crypto-currency and noted the extreme volatility of the last few weeks, it seemed only a matter of time before some ambitious entrepreneur tried to monetize the volatility. What better way to “manage the risk” of your virtual currency horde than buying (or selling) options (in a more levered way). Predictious, the Dublin-based prediction market, this week unveiled Bitcoin Option Spreads enabling both long- and short-positions to be constructed on the already extremely volatile ‘asset’. Regulatory clamp-down in 3..2..1…
Read More @ ZeroHedge.com
by Michael Noonan, Edge Trader Plus:
We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are available at the Comex, how many ounces have been mined, the demand for the production of silver, etc, etc, etc. Too boring.
It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc? This is where the challenge lies, for it comes down to timing in order to enter or exit a market, seeking profit opportunity in the process.
Knowing the exact number of ounces that stand for delivery says nothing about when to act on that information. The numbers have been low for some time, and bullish, as well, but if one went long on that concrete factual information, one could have sustained some hefty losses, at least in the futures market. Buying and holding the physical is a different matter and done for materially different reasons.
Read More @ EdgeTraderPlus.com
by David Galland, Casey Research:
My dear friend, business partner, and now neighbor here at La Estancia, Doug Casey, regularly stresses the importance of starting any discussion by defining the important terms. As we’ll be discussing the matter of entitlement today, let’s kick things off with the definition from Merriam-Webster:
The condition of having a right to have, do, or get something
The feeling or belief that you deserve to be given something (such as special privileges)
A type of financial help provided by the government for members of a particular group
Read More @ CaseyResearch.com
from Off Grid Survival:
Earlier this week New York City sent out letters to gun owners demanding that they immediately turn in their rifles and/or shotguns that held more than five rounds of ammunition. The city sent the letters to 500 registered long gun owners that are in violation of a 2010 city ordinance.
The letters read:
It appears that you are in possession of a rifle and/or shotgun (listed below) that has an ammunition feeding device capable of holding more than five (5) rounds of ammunition. Rifles and Shotguns capable of holding more than five (5) rounds of ammunition are unlawful to possess in New York City, as per NYC administrative code 10-306 (b)
You have the following options:
Read More @ OffGridSurvival.com
by J.D. Heyes, Natural News:
If you’re sickened by the blatant, serial constitutional abuses of your privacy by our government, there is a product in development out there that will give you some piece of mind, at least while surfing the Web.
The web browser “Tor,” part of the Tor Project, as it is called, was originally designed to protect Navy communications but is now being used by others for similar purposes. From the project’s website:
Tor was originally designed, implemented, and deployed as a third-generation onion routing project of the U.S. Naval Research Laboratory. It was originally developed with the U.S. Navy in mind, for the primary purpose of protecting government communications. Today, it is used every day for a wide variety of purposes by normal people, the military, journalists, law enforcement officers, activists, and many others.
Read More @ NaturalNews.com
from The BRICS Post:
BRICS on Friday agreed on the establishment of an expert working group on cyber-security that will meet in early 2014, in South Africa, to finalize concrete set of proposals for adoption by the leaders’ summit. The move was announced after a meet of the national security advisors of the five countries.
Chinese State Councilor Yang Jiechi said on Friday that BRICS would step up cooperation and vigilance for maintaining global and regional peace.
Yang was addressing the BRICS meet on national security in South Africa’s Cape Town.
Read More @ TheBRICSPost.com
China and France React
by Joseph Carducci, Outsider Club:
You have probably been hearing quite a bit about Bitcoin recently – the digital currency that is not backed by any central bank.
The currency is “created” or “mined” through a technical computer process, but it is traded much like a stock or other commodity on a variety of Internet exchanges in different countries around the world. And there are a number of online and even some real-world retailers that are beginning to accept Bitcoin as payment.
Perhaps it is the sheer volatility of Bitcoin recently that has sparked the attention of more and more people… and their governments. If you examine any of these exchanges where the digital currency is traded, you can see that the price has skyrocketed from around $20 at the beginning of 2013 to as much as $1,100 in the last month.
Read More @ OutsiderClub.com
by Dave Hodges, The Common Sense Show:
Whatever happened to just playing football? When I used to watch an NFL game on television, I onlywanted to watch the game. I never appreciated listening to their liberal political agenda often being spewed out by their talking heads such as Bob Costas.
The NFL and Its Globalist Agenda
The NFL now represents the antithesis of everything that comprises the backbone of traditional American values. I love the game of football. Football was one of the sports that I grew up playing and I later coached the sport as a former head in the high school ranks prior to moving to coach college basketball. I thoroughly enjoyed the competition at every level both as a player and a coach. However, the NFL has taken all the fun out of the game, because the league spouts the mantra of the globalist forces which seek to enslave us.
The NFL has decided it is not enough for Americans to be abused by the TSA at the airport, the NFL has become the newest version of the TSA.
Read More @ TheCommonSenseShow.com
Global Research News Hour Episode 46. Conversations with Yoichi Shimatsu and Hatrick Penry
from Global Research:
“We knew the world would not be the same. Few people laughed, few people cried, most people were silent. I remembered the line from the Hindu scripture, the Bhagavad-Gita. Vishnu is trying to persuade the Prince that he should do his duty and to impress him takes on his multi-armed form and says, “Now I am become Death, the destroyer of worlds.” I suppose we all thought that, one way or another.”
-Robert Oppenheimer, scientific director of the Manhattan Project which created the first atomic devices. 
The harnessing of the power of the atom was one of the signature technological achievements of the twentieth century.
The awesome possibilities of nuclear energy presented humanity with an opportunity to mature beyond the need for endless war and conquest with ever more potent weapons, or to destroy itself in a blaze of neutronic hubris.
An opportunity to evolve or perish…
LISTEN NOW @ GlobalResearch.ca
According to Hong Kong customs data, in the month of October (with the usual one month delay), China imported 148 total tons of gold in a month in which the price of gold, once again plunged. Curiously, unlike momentum chasers of paper ETF promises to get gold delivery, China continues to BTFD in gold, and the 148 tons of import in the past month was the second highest monthly import ever through Hong Kong, second only to the 224 tons imported in March of 2013. Compared to a year ago, when the price of gold was over 30% higher, China has imported over 200% more than the 48 tons it bought through Hong Kong a year ago. At least someone is grateful for plunging gold prices.
Read More @ ZeroHedge.com
from Gold Silver Worlds:
Gold’s worst year in memory was largely the result of extreme gold-ETF selling. A flood of gold supply hammered gold prices as stock investors around the world aggressively dumped gold ETFs. They were rotating out of gold to chase the Fed-driven stock-market levitations. But as toppy stock markets inevitably reverse, so will capital flows. Gold-ETF outflows are already waning, and will soon shift to accelerating inflows.
This is a very bullish omen for battered gold prices. They are determined by supply and demand, like everything else traded in financial markets. When supply exceeds demand, prices retreat until a new equilibrium level is reached that balances buying and selling. Fundamentally, this year’s extreme gold-ETF selling is responsible for literally all the world’s excess gold supply. That vanishes and gold soars.
Read More @ GoldSilverWorlds.com