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bluejay |
07/20/2013 11:38AM |
July 19, 2013 jsmineset.com
I listened carefully to yesterday’s Bernanke speech. He seemed ill at ease and almost stumbling. I truly believe that Bernanke is confused and even frightened by the results of all his manipulations. But what he’s most confused about is the poor results he’s been getting from both the economy and the markets. Bernanke appears to me to be a man trapped and confused by his own unorthodox tactics. Bernanke wanted to be a hero when he stepped in during 2009 to halt the panic in the markets. Now I believe he wishes that he had never tried to turn the markets during 2009. The consequences of his actions turned out to be worse and far more confusing than anything Bernanke imagined.
–Richard Russell July 18, 2013 |
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| By
bluejay |
07/18/2013 1:20PM |
JP Morgan Is Reportedly Getting Ready To Settle For $1 Billion For Manipulating Energy Markets
Steven Perlberg Jul. 17, 2013, 4:41 PM
U.S. regulators and J.P. Morgan Chase are close to a monster settlement over allegations that the banking giant tampered with electricity markets in California and the Midwest, the Wall Street Journal reports.
Ok J.P. Morgan got caught but where are the refunds to California residents? |
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| By
bluejay |
07/13/2013 9:29AM |
Years ago the media prided itself on reporting and journalism. Today they are puppets for their masters. Don’t forget that if you boil it down, almost 90% of the media is ultimately owned by just 6 major corporations. You get to hear what they want you to hear.
Rob Reiner - The International Forecaster |
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| By
bluejay |
07/12/2013 5:39PM |
Great News
Posted on July 11, 2013 by Martin Armstrong
There are a group of Senators who want to bring back Glass-Steagall separating commercial banks from investment banks. That was removed by Goldman Sachs’ Robert Rubin under Bill Clinton.
Nevertheless, the Fed is already advising banks that they will not insure losses on the trading side. The Fed has been advising banks they will only cover commercial banking deposits and loans period! Trading losses will be on them.
Glass-Steagall is coming back if they like it or not. The banks are not going to be handed blank checks anymore so the future will be strikingly different. |
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| By
bluejay |
07/12/2013 2:26PM |
Wayne Root supports workers.
http://www.kitco.com/news/video/show/FreedomFest-2013/362/2013-07-12/Wayne-Root-What-Fuels-Gold |
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| By
bluejay |
07/12/2013 2:04PM |
According to Wayne Root in an interview on kitco.com stated:
In the first 90 days of 2013 the Obama administration added 6,118 new rules and regulations.
If you break rules and regulations you get fined. It's a real money maker for the government. These types of aggressive government actions are exactly the same that Rome's government cast on its citizens prior to its collapse. |
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| By
bluejay |
07/12/2013 11:04AM |
According to Wikipedia:
Capitalism is an economic system characterized by private or corporate ownership of capital assets and goods. In a capitalist economy, investors are free to buy, sell, produce, and distribute goods and services with at most limited government control, at prices determined primarily by a competition for profit in a free market.[1][2][3] Central elements of capitalism include capital accumulation, competitive markets, and a price system.
"With at most limited government control"
It's quite apparent government these days is seeking more and more control. Or should it be said that big bankers are grabbing our wealth through their financial schemes supported by their paid shills?
Our free market system has been invaded by hack regulators not voted in by the people but put in place by our so-called representatives.
Now recently the big man just wrote an executive order giving him complete power over the nation's communication systems. Will there be another executive order written describing what we can and can not say on Face Book and through our e-mails even though the NSA is recording EVERYTHING and storing it on their computers?
This is not "limited government control."
The bottom line is all this information is being collected for blackmail for greater control over the common folk. Hoover at the FBI blackmailed many in government with their collected information. Imagine what it will be like with all those computers NSA is proposing to house in their new very large facility currently under construction in Utah?
The people are bound to show their disgust with the growing presence of a third party come election time 2016.
Weighing in on our company, we would be much better off today if the capitalistic theory would have been respected by government:
1- Capital accumulation - How much time and money did that law breaking pack of independent attorneys steal from shareholders when they were let out of their cages?
2- Competitive markets - Loving gold and mining has been severely disturbed by the added expense of having to react to accusers and regulators in shrinking our profit margins or just sinking us into the red most of the time.
3- Price system - Oh Gee whiz, how have we ever survived with the central banks of the world leaning on and suppressing the price of our final product?
The system by which all these players are controlling us is not free enterprise and most certainly, not true capitalism. |
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| By
Michael Miller |
07/12/2013 10:12AM |
| test |
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| By
bluejay |
07/06/2013 3:11AM |
Achieving Independence
By James Corbett
It's the day after the day after Independence Day. Sadly, for many Americans this means that the fireworks have all been set off, the hot dogs have all been grilled and eaten, the hangover fog has started to lift, and it's time to carry on with business as usual in the great American Empire. Another year of working as a cog in the great corporate machine of America's increasingly fascistic system. Another year of being openly surveyed, spied on, and tracked by the NSA. Another year of inflating bills and mounting debt as the talking heads crow about an “economic recovery.” Another year of food stamps and Obamacare, NDAA arrests and police brutality, quantitative easing, social dissolution, and racial tension. Another year before anyone bothers to once again give lip service to the great American tradition of independence that has long since been abandoned in favor of “national security” and “social welfare.” The founding fathers must be spinning in their graves. |
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| By
bluejay |
07/04/2013 12:23PM |
The 4th of July
In 1775, people in New England began fighting the British for their independence. On July 2, 1776, the Congress secretly voted for independence from Great Britain. The Declaration of Independence was first published two days later on July 4, 1776. The first public reading of the Declaration of Independence was on July 8, 1776. Delegates began to sign the Declaration of Independence on August 2, 1776.
Prior to this historic event, the King of England was severely taxing the colonies. In addition, the people of the colonies had few rights especially when British soldiers wanted entry into their homes.
What is really different today? a small elite group operating behind the curtain is doing the same thing. Their front is the Wall Street banks and, or course, those in power.Today there is growing restlessness with the people flavored with constant quoting from our Founding Fathers who entended much more for us than we have today. And then we have Homeland Security, who have amassed large supplies of bullets and armored vehicles.
Not to forget, the warrantless intrusions into our personal financial information, our emails and private? phone conversations now being stored for what?
I'm not celebrating the 4th this year as I fear the likes of the English are back.
Something doesn't smell right. |
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| By
bluejay |
06/26/2013 8:27AM |
Squeeze The People
http://armstrongeconomics.com/2013/06/26/us-iron-curtain-is-coming-in-new-immigration-bill-for-all-americans/ |
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| By
bluejay |
06/25/2013 2:01PM |
Jim Sinclair’s Commentary
The most endangered species on the planet is the pensioner
California on the Brink: Pension Crisis About to Get Worse
By Elizabeth MacDonald
Published June 12, 2013
A growing number of key California cities are a lot worse off than previously thought, thanks to new changes coming in the way state and local governments must account for their pension costs.
The pension changes from Moody’s, and separately the Governmental Accounting Standards Board, scheduled for this month, could result in Los Angeles, San Francisco, San Jose, Azusa and Inglewood joining fiscally troubled Stockton and San Bernardino, among others, as severe credit risks. It’s all largely due to soaring employee retirement costs, according to new analysis based on the methodology by Bob Williams and his team at State Budget Solution (SBS), a non-partisan organization that studies state budget crises.
The new rules could nearly double California’s unfunded liabilities to $328.6 billion. Moreover, California cities that have already filed for bankruptcy protection, like Stockton and Vallejo, will fall deeper into the red.
Officials in these California cities did not return calls for comment. |
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| By
bluejay |
06/25/2013 1:25PM |
| The credits below belong to Martin Armstrong: |
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| By
bluejay |
06/25/2013 1:16PM |
If you don't trust people, spy on them
British intelligence GCHQ has spied on the Transatlantic fiber optic cable grabbing ALL German e-mails and phone calls. Just what the hell is going on in this world? This is like a jealous girl/boyfriend trying to make you account for every minute you are not with them. Enough is enough! Any politician who defends this nonsense should be run out of office PERMANENTLY. There is nobody guarding the guards. There were 19 guys + perhaps a camel who attacked the World Trade Center. Government knew all about that plot 1 year in advance because the FIRST World Trade Center Bombers drew the twin towers on the wall of their cell at MCC New York on level 9 South with planes going into it one year BEFORE! I suppose that was not reliable because they didn’t have to torture them for that info. Yes the correction office was Wm Kumb and no NY Newspapers would dare report the truth – New York Times included. This is why they created Homeland Security to gather all evidence from the agencies who had the info. They don’t want to publicly acknowledge that one.
So let’s see; we need to seize everything to keep society safe when they could not stop the Boston Bombers who used cell phones. The more you seize, the long it will take to sift through everything and you will NEVER prevent an attack tomorrow. The truth? They are too busy looking for taxes and money to seize while pretending to be looking for terrorists – good one! The real formula:
Terrorists = More Power = more TAXES
http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdeutsche-wirtschafts-nachrichten.de%2F2013%2F06%2F25%2Fvodafone-spioniert-deutsche-aus-und-kauft-nun-kabel-deutschland%2F
http://www.guardian.co.uk/uk/2013/jun/21/legal-loopholes-gchq-spy-world |
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| By
bluejay |
06/23/2013 11:12AM |
Me feels that most politicians suck.
Our political governments are infested with lawyers who know how to write and prosecute laws, but are braindead when it comes to creating an economy. They have ZERO skills in the creation department This is the same disease that kills corporations. It is the entrepreneur who creates the entity from his vision (Henry Ford, Steve Jobs), but then the company is taken over by the accounts and lawyers who dominate the board. People like Steve Jobs are thrown out for they can only create, not manage. Then bureaucratic corporations, like government, are incapable of creation and this causes them to take over start-ups paying a fortune to kids who can create because the board of directors lack those skills.
Eventually, the corporation dies void of any creative skills. Government follows the same exact path to extinction. In ancient history it was called becoming Byzantine. Over-regulation to the point the cost of government was so oppressive the economy simply died. The same pattern emerged in Venice as the state wanted to own everything. When Florence because a corrupt bureaucracy, the same fate awaited it in the dawn. Genoa rotated the office of the Doge on an annual basis. That prevented an infestation of bureaucrats and allowed Genoa to outlast both Venice and Florence. Hence – term limits are ESSENTIAL!
Martin Armstrong |
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| By
bluejay |
06/18/2013 5:06PM |
How to Protect The People from the NSA – Easy
Posted on June 18, 2013 by Armstrong Economics
If this whole affair is really about terrorists, then enact legislation that states no American can be prosecuted for any crime based upon any evidence obtained from the NSA. So if ANYTHING is handed to the Justice Department, SEC, CFTC, or IRS, then a citizen shall be ABSOLUTELY IMMUNE from civil or criminal prosecution.
This would be a simple solution. They listen to a phone call and call the IRS, you cannot be prosecuted civilly or criminally – you get ABSOLUTE IMMUNITY just as government prosecutors get from prosecuting innocent people.
END of debate. |
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| By
bluejay |
06/18/2013 11:08AM |
Switzerland Show Some Guts At Last
Posted on June 18, 2013 by Armstrong Economics
Legislation that would have ended the Swiss banking laws and handed everything to the USA was defeated in a recent vote. The secrecy laws was put in place in 1934 to protect the Jews and Germans from Hitler who attempted the same thing making it criminal for a German to have an offshore account. The Sovereign Debt Crisis cannot be solved by even raising taxes to 120%. The politicians are desperate to hold on to power and cannot see their own destruction of the world economy is taking place because of their greed and corruption.
http://m.europe.wsj.com/articles/a/SB10001424127887324021104578552930613288170?mg=reno64-wsj |
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| By
bluejay |
06/18/2013 10:18AM |
How the politicians are destroying the world economy.
http://armstrongeconomics.com/2013/06/18/icij-has-done-far-more-damage-to-the-world-economy-that-anyone-realized/ |
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| By
bluejay |
06/17/2013 9:30AM |
Just what we need. NOT!
The G8 this week is looking to regulate mining with new laws.
"These G8 partnerships will also stress “introducing stronger legal frameworks to regulate the extractives sector by introducing new laws that make EITI standards a legal requirement,” said the PM’s office." |
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| By
bluejay |
06/16/2013 9:07AM |
| No public borrowing and no career politicians. Virtually every department should be privatized to prevent state pensions. Those in government just cannot keep their fingers out of other people’s pockets – impossible! This is behind everything from the NSA to Homeland Security. Instead of reform, they are digging in their heels to defend their right to exploit your money. Government is NOT society. They are two distinct entities. |
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