Gary Christenson of The Deviant Investor joins the podcast to discuss the impending economic collapse of the US economy and the demise of the Dollar.
Quoting a recent blog entry by Bill Holter, Christenson says, “What we have coming is a collapse of everything we have worked for and everything we’ve built and saved over our lifetimes and that of our ancestors.”
Gary’s empirical model for precious metals suggests a $10,000 price for gold by 2021 and that’s IF the Dollar doesn’t collapse by that time and IF we don’t hit hyperinflation first. In those two scenarios the price for gold could easily rise orders of magnitude higher than $10,000 per ounce when priced is Dollars.
You’ve likely browsed through the wine selection at Trader Joe’s (among other stores) and thought – wow, I could drink wine that’s cheaper than bottled water! Many Trader Joe’s customers have flocked to the store for years to get their hands on some cheap vino, but there are some nasty, carcinogenic toxins in that wine which may cause you to think again before picking up a bottle for your next dinner party.
How About Some Inorganic Arsenic with That Cheese?
In all likelihood, the cabin crew of the ill fated GermanWings flight could simply have entered the cockpit at any time. If the plane were programmed specially to disallow this normal capability of the Airbus320 series, the airline has failed to inform the public of this.
This information is “confidential” as it would be a theoretical aid to hijackers. Problem is, there are no hijackers, only security agencies that seem to enjoy stealing planes, shooting them down or taking control of their guidance systems. The hijack scenario makes for good TV and convenient cover stories where “dead men tell no tales” and crash scenes are always quickly secured and “seeded” as needed.
Our suicide story is just a new twist on an old tale.
In order to add to the explosion of information about the recent air event over France, we have done some simple research on the operation of the cockpit door of an A320. We have published, below, the operations manual. We also have the following language, taken from the flight crew manual used by Royal Jordanian Airlines, an organization kind enough to have passed this on:
Ident.: DSC-25-11-10-00001006.0001001 / 09 OCT 12
Applicable to: MSN 2649-3685, 4670-5367
As if there have not already been enough signs pointing to a future totalitarian America, President Obama’s recent remarks on “mandatory voting” is further evidence of what is in store for those who continue to remain within the confines of the former “land of the free and home of the brave.”
In lamenting to a civics group about the amount of money which now accompanies most elections, Obummer suggested that mandatory voting requirements “would be transformative if everyone voted. That would counteract money more than anything.”* Naturally, he did not mention the vast sums of cash that the Obama re-election team spent during the 2012 presidential campaign, some of which has been estimated to have been on the north side of $40 million greenbacks!
The Dictator-in-chief uttered more hypocrisy when he suggested that the young, lower-income groups, immigrants, and minorities were being kept from voting by Republicans in some states: “There’s a reason why some folks try to keep them away from the polls.” While there has never been a shred of evidence of Republicans or conservative groups keeping any eligible voter from the polls in any recent election, there is plenty of eyewitness accounts and video footage of Obama’s re-election team’s Stalinist employment of black thugs in certain Philadelphia precincts intimidating white voters in the last presidential election farce.
Many recent commentaries have noted a distinct devolution in the numerical lies which the U.S. government calls its “economic statistics”. Numbers which used to be mere exaggerations (i.e. used to somewhat mirror the real world) have now become literally perverse: opposite to reality.
As U.S. “retail sales” collapsed at the end of last year (and now into this year) with a string of negative numbers; we’re told that somehow U.S. “consumer spending” surged by 4.3% in the fourth quarter of 2014, something which is mathematically impossible, since the two numbers must mirror each other.
With the U.S. economy showing even more obvious weakness than in previous years of this fantasy “recovery”; we’re supposed to believe that the U.S. economy just enjoyed its strongest quarters of growth in well over a decade. The economic lies are not merely far-fetched, they are totally ludicrous.
The establishment media’s reaction to the upcoming Jade Helm military exercise has characterized concerns about the drill as being founded in nothing more than “right-wing paranoia,” but the exhaustive history of how the federal government and the U.S. Army have made preparations for martial law in America is beyond denial.
Jade Helm, a “realistic” military training exercise which will involve the Green Berets, Navy Seals, and the 82nd Airborne Division, is set to take place from July 15-Sepember 15 and will cover at least nine U.S. states.
As we reported yesterday, the exercise will involve soldiers operating “undetected amongst civilian populations,” to see if they can infiltrate without being noticed.
The drill stoked concerns after Texas and Utah were labeled “hostile” territory in documents related to the exercise. However, when Infowars drew attention to the issue, numerous mainstream news outlets reacted by regurgitating Army talking points about how the drill was solely focused on preparing U.S. troops for overseas missions. Those same outlets also demonized anyone who questioned that narrative as engaging in alarmism and paranoia.
It’s no secret that inhaling cigarette smoke is hazardous to health. After all, cigarettes contain hundreds of cancer-causing chemicals, but it’s when they’re burned that the issue becomes horrifically magnified; the American Lung Association estimates that a cigarette produces upwards of 7,000 chemicals — several of which are poisonous — upon burning.
Dangerous ingredients such as formaldehyde, butane and carbon monoxide exist in cigarettes. That’s right, people are bringing the likes of lighter and embalming fluid chemicals into their bloodstream with every puff. Is it any wonder that, according to the Centers for Disease Control and Prevention (CDC), approximately 2.5 million non-smoking adults have died since 1964 due to secondhand smoke inhalation? Imagine people who are putting these hazardous chemicals in their body directly…which is what’s happening with vaccines.
While the euro itself has recovered a bit from its worst levels in recent sessions, euro basis swaps have fallen deeper into negative territory. In order to bring the current move into perspective, we show a long term chart below that includes the epic nosedive of 2011. We are not quite sure what the move means this time around, since there is no obvious crisis situation – not yet, anyway.
A negative FX basis usually indicates some sort of concern over the banking system’s creditworthiness and has historically been associated with euro area banks experiencing problems in obtaining dollar funding. This time, the move in basis swaps is happening “quietly”, as there are no reports in the media indicating that anything might be amiss.
Retired Staff Sergeant Joe Biggs breaks down the current crop of talking points and outright lies by the Pentagon and Main Stream Media as they attempt to discredit and smear infowars.com. They label Alex Jones and Joe Biggs as extremist conspiracy theorists even though time after time we put out reports that are sourced with army documents and testimony from vets that know of the plans to disarm Americans.
Senate Armed Services Committee Chairman John McCain has called it a “gimmick,” and Democrats complain that larding up the separate war funding bill with extra spending amounts to an “abusive loophole.” Yet so far, the massive increase is likely to remain in this year’s budget.
Another major criticism of the process has been its common use to fund favored projects and other items not directly tied to the war — a trend that has steadily grown over the years as the wars in Iraq and Afghanistan dragged on and the Pentagon loosened the definition of war-related spending.
From 2001 to 2014, nearly $71 billion of nonwar funding was provided through war appropriations, according to the Pentagon’s own definition, the nonpartisan Congressional Research Service reported in December.
It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,” we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that “cash in not a very convenient store of value,” seemingly hinting at Bernanke’s helicopter and that there will be no deflation in The US ever… Rick Santelli then sums it all up perfectly… “deflation is clearly the boogeyman… and the only thing that will save the middle class.”
Here we are once again witnessing the collusive commercial game of rigging options expiry price levels. We saw this rigging yesterday, with additional rollover gaming today, that is flying completely in the face of very strong safe haven physical demand. There are significant profits to be made for the bullion banks at options expiry, so these banks simply disregard the strong physical market and jam paper gold prices to whatever price benefits them.
This is the sort of short-sighted synthetically-driven behavior that has allowed gold to flow out of the West and into the East at bargain prices. We have now reached a point of divergence in the paper markets that they are no longer credible. Everything we see now evidences this.
KING DOLLAR DEATH WATCH
Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. The Chinese-led Asian Infrastructure Investment Bank (AAIB) won converts recently from Australia and Britain, but last week from Italy, France, Germany, Switzerland, Luxembourg, and seemingly Japan. A noticeable impact was observed on the Kenyan impostor squatter, who works to contain the damage. This week Turkey joined the AIIBank. Keep in mind that the AIIBank is for development projects. It begs for a more honestly stated function for the New Development Bank also promoted and funded by China. The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce. It is written, but in secret. It will be done, from expedience. It must be, in order to put the global financial system in sound structure and equitable balance.
If the “markets” are rigged and economies divorced from true market valuations, then what (if anything) could trigger a recoupling of reality to the record setting flashing numbers presently offered by the “market” facade? My best guess is decelerating global credit and debt creation (and a rotation from private to government debt creation) is the harbinger progressively pushing the financial rigging to its ludicrous conclusion. The rigging isn’t likely to stop, but the loss of belief and confidence in these numbers (along with economic mismanagement based on these faulty signals) is soon to force market resets and revaluations of everything. This will culminate in a global depression of unknown duration and depths until balance is restored.
The “proxy war” model the US has been employing throughout the Middle East, Eastern Europe, and even in parts of Asia appears to have failed yet again, this time in the Persian Gulf state of Yemen.
Overcoming the US-Saudi backed regime in Yemen, and a coalition of sectarian extremists including Al Qaeda and its rebrand, the “Islamic State,” pro-Iranian Yemeni Houthi militias have turned the tide against American “soft power” and has necessitated a more direct military intervention. While US military forces themselves are not involved allegedly, Saudi warplanes and a possible ground force are.
Though Saudi Arabia claims “10 countries” have joined its coalition to intervene in Yemen, like the US invasion and occupation of Iraq hid behind a “coalition,” it is overwhelmingly a Saudi operation with “coalition partners” added in a vain attempt to generate diplomatic legitimacy.