A fascinating analysis of scenarios, that surprisingly seem more plausible than you might think, that forecasts how the world could descend into financial chaos within 10 days. With a fractional reserve system, constant printing of money, and fiat currencies, the system is already set up for its future demise. Must watch.
September has arrived again, a month that carries historical significance for a shaking of things in America. Most recently it was 2008, in September when the giant American investment bank Lehman Brothers fell and the economic crisis that still imperils America began. September is also the month of the most recent terrorist attack on domestic soil, September 11th.
Many Islamic terrorist attacks have also occurred in September, most notably:
September 6, 1970---Palestinian militants hijacked four different airlines in one day.
September 5, 1972---Black September terrorists executed an attack at the Olympics.
September 10, 1976---Croatian terrorists hijacked a TWA airliner.
September 23, 1983---An Omni Gulf airbus was brought down by a bomb.
September 20, 1984---Islamic radicals bombed the U.S. Embassy in Beirut
September 11, 2001---Terrorists flew airplanes into the Twin Towers and the Pentagon.
The month of September has been marked as a month for terrorist attacks. Often, the Jewish new Year, Rosh Hashanah, falls in the month of September.
In times of fear, we shall not fear as the one who has conquered fear at the cross is there waiting to redeem.
11 I saw heaven standing open and there before me was a white horse, whose rider is called Faithful and True. With justice he judges and wages war.12 His eyes are like blazing fire, and on his head are many crowns. He has a name written on him that no one knows but he himself.13 He is dressed in a robe dipped in blood, and his name is the Word of God.14 The armies of heaven were following him, riding on white horses and dressed in fine linen, white and clean.15 Coming out of his mouth is a sharp sword with which to strike down the nations. “He will rule them with an iron scepter.”[a] He treads the winepress of the fury of the wrath of God Almighty.16 On his robe and on his thigh he has this name written:
On the anniversary of the most famous communist crackdown on free speech over the last 25 years, the market just happens to fall the exact number of the date of the famous massacre. Perhaps someone, natural or supernatural, is sending a message to those that oppose freedom? I don't prescribe that the figure had to be rigged, but do find it peculiar to say the least.
(REUTERS) — China’s censors blocked
access to the term “Shanghai stock market” on popular microblogs on
Monday after the index fell a bizarre 64.89 points on the anniversary of
the bloody June 4, 1989, crackdown on pro-democracy protesters in
Tiananmen Square.
In another twist, the Shanghai Composite Index opened at 2346.98
points on the 23rd anniversary of the killings. The numbers 46.98 are
June 4, 1989, backwards.
“Whoa, these figures are too freaky! Very cool!” said a microblogger.
“The opening figure and the drop are both too creepy,” said another.
For China's ruling Communist Party, the 1989
demonstrations that clogged Tiananmen Square in Beijing and spread to
other cities remains taboo, all the more so this year as the government
prepares for a tricky leadership handover.
Terms related to the anniversary, such as "six four"
for June 4, "23", "candle" and "never forget", were blocked on Sina
Weibo, the most popular of China's Twitter-like microblogging platforms.
Users encountered a message that said the search results could not be
displayed "due to relevant laws, regulations and policies".
"It's that day again and once more numerous posts are
being deleted," a Sina microblogger wrote. Sina was not immediately
available for comment.
The anniversary of the date on which troops shot their
way into central Beijing in 1989 has never been publicly marked in
mainland China.
The government has never released a death toll of the
crackdown, but estimates from human rights groups and witnesses range
from several hundred to several thousand.
U.S. State Department deputy spokesman Mark Toner urged
the Chinese government on Sunday "to provide a full public accounting
of those killed, detained or missing".
Chinese Foreign Ministry spokesman Liu Weimin said the
U.S. habit of issuing a statement on each June 4 anniversary amounted to
"crude meddling in domestic Chinese affairs".
While state media made no direct mention of the
anniversary, the top military newspaper warned the armed forces to be on
guard for attempts to sow unrest ahead of the party congress which will
handle the leadership transition.
"Enemy forces at home and abroad are going to start
something again and use the opportunity for destruction and trouble, and
are upping their strategy to westernise and split our country," the
Liberation Army Daily said in a front-page commentary.
The government is grappling with the biggest political
scandal since the 1989 crackdown, after Chongqing police chief Wang
Lijun's flight to the U.S. consulate in Chengdu on February 6 triggered a
crisis that toppled the muncipality's party chief, Bo Xilai.
"TRAGEDY THAT SHOULD HAVE BEEN AVERTED"
Microbloggers decried the overzealous rash of
censorship, complaining that their posts had been "harmonised" - a
euphemism for censorship - within minutes.
Censors also prevented microbloggers from changing
their display photos in an apparent attempt to prevent them from posting
any photo commemorating the anniversary.
Yet some people did manage to beat the censors, and a
few pictures of the 1989 protests did find their way on to Weibo.
"There can be no social stability if people cannot
speak out and must live in terror of punishment," a microblogger
commented on one of the photographs.
Yao Jianfu, author of a new book of interviews with
Chen Xitong, the Beijing mayor at the time of the crackdown, told
Reuters that Chen had said "this was a tragedy that should have been
averted but wasn't".
"I never foresaw there would be shooting, because Mao
Zedong said that ordinary people should not be shot at and suppressing
student protests comes to no good," said Yao.
The government has restricted the movements of dozens
of dissidents, former prisoners and petitioners during the anniversary
period and warned them against speaking to journalists or organising
activities, said Songlian Wang of rights group Chinese Human Rights
Defenders.
A coalition of lawyers and rights activists began a
one-day fast in their homes on Monday to commemorate the anniversary,
said a Shandong-based lawyer, Liu Weiguo.
"Even though the Chinese government has pledged to
reform the political system in China, not much has been done," Fang
Zheng, who was run over by a tank during the crackdown and lost both
legs, said in Hong Kong. "They should stop the repression of mainland
dissidents and activists and reassess June 4."
Blind legal activist Chen Guangcheng, who arrived in
New York two weeks ago to study, wrote in a letter: "No one can stop the
wheels of history. I believe that this will prove true for the June 4th
Democracy Movement.
Chen escaped in late April from 19 months of illegal
house imprisonment and took temporary refuge in the U.S. embassy in
Beijing in a drama which made him a symbol of resistance to China's
shackles on dissent.
Tens of thousands of people are expected to attend a
candlelight vigil in Hong Kong, said organisers, who had erected a
replica of the Goddess of Democracy that was built in Tiananmen Square
in 1989.
Chinese tourists stopped on Tiananmen Square shook
their heads and appeared mystified when asked about the anniversary.
There were no obvious signs of extra security on the already
well-guarded square.
But a trinket vendor said he was well aware what day it was.
"Do foreigners also know about June 4?" he asked a
Reuters reporter in a hushed tone, looking around to make sure nobody
heard him. "I think it is important we remember, but nobody will talk
about it now."
(Additional reporting by Chris Buckley in Beijing,
Melanie Lee in Shanghai and James Pomfret and Clarie Lee in Hong Kong;
Editing by Nick Macfie)
As the tremblings continue from Europe, fears continue to mount over the eventual collapse of the monetary system, evaporating decades worth of economic progress. The amount of debt that has been piled up about 70 Trillion has finally caught up with the total value of the goods the world produces every year. It's this debt that has grown exponentially recently, funding an entitled lifestyle of ease for many, the most notable and presently discussed, the country of Greece. Wait, I thought we just received funded pensions at 40 and 3 day work weeks with imaginary figures in some bank account, what, we owe people this 'debt'??
Combining corrupt leadership, powerful financiers, fiat currencies, fractional reserve based monetary systems, and the natural inclination of people toward greed and power has unleashed a powerful storm of economic malaise. Button down the hatches, until the financial system is reformed and accountable governance is restored to the republic, expect more storms ahead.
Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction.
What does the Goldman Sachs alumnus see on the horizon?
Mr. Pal, who writes for The Global Macro Investor,
a research publication intended only for larger institutions, hedge
funds, and family offices, believes that a global banking collapse and
massive defaults will bring about “the biggest economic shock the world
has ever seen” — and there’s nothing we can do to stop it.
Well, that’s pretty dire. Does he have anything to back up his claims?
We’re glad you asked. Without further explanation, here is “The End
Game,” Pal’s impressively comprehensive (and grim) presentation on the
current state of the global economy: Presentation here at BusinessInsider
Check out Raoul Pal's slide show presentation here.
Today
billionaire Eric Sprott told King World News that Europeans have now
lost confidence in both the banking system and the sovereigns. Sprott,
who is Chairman of Sprott Asset Management, also warned the global
economy is now rolling over and investors need to be prepared. Here is
what Sprott had to say about the situation: “The Ponzi scheme in
the financial world continues. Month after month there is a new
technique for trying to prevent the dominos from falling. We see that
people are doing the logical thing, they are taking money out of the
banking system.”
</frame>
Eric Sprott continues:
“Of course the biggest
example, recently, is Spain, where they took $65 billion out of the
banks in the last reported month. That’s why we had to have the LTRO,
which provided over one trillion to European banks because people are
taking their money out. We already know the banks can’t fund the
deposit withdrawals and therefore have to borrow from the ECB.
They’ve (Europe’s citizens) lost confidence in one, the banking system, and two, the sovereigns....
“Nothing is improving. The confidence
numbers and the PMI’s in Europe are weak. The PMI in China has shown
contraction for six months in a row here. So, anybody who thinks the
world’s economic picture is improving is being sorely disappointed.
I don’t think it can be
resolved unless you just keep printing money. It looks like that’s the
way they’ve decided to do it. But obviously somebody’s taking on an
obligation here which they are not going to be able to fund. There’s no
doubt in my mind that most countries can’t possibly pay back their
debt.
In the US, for example, we
had social security come out and say we’ve increased our underfunding,
just this last year, by $2.6 trillion. We’re going downhill by $4
trillion a year in a $15 trillion economy. So there’s no way that any
rational person could imagine the governments can possibly repay their
debts.
There’s going to be two
choices. One is it just stops. As you know, there’s been many times
before, it’s been well publicized, that the banking system was within
hours of shutting down. That could easily happen again, where the
powers that be just can’t continue to supply the liquidity where it’s
needed.
Having seen what all of
these governments and central banks are prepared to do, that is if you
can’t sell the bonds we’ll just print up the money and buy them, would
suggest things hold together, but that currencies get debased.
The primary winner here is
going to be gold and silver. People should worry significantly about
having money in a bank. They should have a good part of their portfolio
in physical gold or the mining shares. It’s so obvious they should be a
winner.
I find it interesting we
had this lousy GDP number (in the US), gold looks like it’s going to run
and now it’s being held there. Everything is always counterintuitive
in this business because the powers that be don’t want gold to go up.
But the fact is that a
thinking person is going to continue to buy it, and non-G6 nations are
going to continue to buy it in the central banks. So I think the path
is pretty clear, all of the data supports the fact that the physical
market is going to overpower the sellers in the paper market.”
The
written portion above is just a small part of the tremendous interview
with billionaire Eric Sprott. Sprott has been one of the most vocal
critics of central planners and the maneuvers they have executed.
Sprott covers global markets, gold, silver, what investors should be
doing now, what to expect next, the mining shares and much more. The
KWN Eric Sprott interview is available now and you can listen to it byCLICKING HERE.
The Eric Sprott and Egon von Greyerz audio interviews are available now.
And be sure to listen to this week’s incredible line-up of other KWN
interviews, which include Rich Yamarone, John Embry, Jim Sinclair and
John Hathaway. You can listen to these interviews byCLICKING HERE.
Capitalism is dead for all intensive purposes in America. While the system itself may never have been perfect, their was a time when government was smaller and less powerful. This former government allowed at least a little transparency for all those who freely exchanged goods and services. We had monopoly during the late 1800's, Teddy Roosevelt and congress broke them up. Pre-1913 we had no income tax or social security 'tax'. We had no Federal Reserve inflation tax. There was no medicare or medicaid to deal with in the health and insurance industry. We had no Davis-Bacon laws until the 1930's, which mandate gov. contracts pay union wages for all public jobs.
We have always had un-fair competition to some extent, but we had competition and companies have for the most part had to rely upon their own merit to produce things. For example, there wasn't a backing of the automobile companies the way it is today. Back in Henry Ford's day, Henry actually had multiple auto companies go bankrupt before the Model-T finally hit the assembly line. He never got bailed out and neither did his investors.
The 2008 economic collapse ushered in the largest transfer of wealth of failed companies in the history of the world. The bailouts in the level of trillions has forever changed the nature of the game in the USA and the world.
Crony Capitalism, using government to deliver money to your pals in the business world, is alive and well in America. It's our wealthy elite's coup d'état of the free market system.
We're paying for this America:
At the grocery store, via higher grocery prices thanks to sweetheart deals to the dairy industry and sugar lobby.
At the drugstore because politicians, rented by Big Pharma block competition
via lower return on pension plans with banks speculating with taxpayer money
In the loss of jobs with labor deals bought and paid for by unions and corrupt tax law
pay via higher taxes
pay via higher gas prices thanks to government regulations and the special environmental lobby
pay in the loss of sovereignty where money dominates politics
and largest of all, via an inflation tax thanks to the federal reserve, treasury, and big banking interests
Time is money. In effect, we are being rented out, shelled of our freedom and liberty.
David should know, because he has been knee deep in serving the monied
interests and profiting from their activities for most of his life. He
often strikes one as a very sly and self-serving 'reformer.' And he may
be a Judas goat.
While I do not agree with his characterization with the extent of the
panic that froze the paper markets necessarily, and do not trust him in
general based on his past performance, much of what he says is very much
to the point. It was he does NOT say that is just as interesting.
Thomas Jefferson once was famously quoted saying in 1802:
"I believe that banking institutions are more dangerous to our liberties than standing armies..."
"If the American people ever allow private banks to control the issue of
their currency, first by inflation, then by deflation, the banks and
corporations that will grow up around them will deprive the people of
all property until their children wake up homeless on the continent
their Fathers conquered."
"The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Have we been so deceived as to think that our leaders have our best interests at heart? The trillions of dollars of debt that has been both created and pushed upon the American people will eventually have to be repaid either through lower living standards, higher taxes, inflation, or a combination of these three. The average debt per person in America is over $50,000 or about 1 year of an average wage in this country. Would you work a year of your life to pay off a debt that you don't believe is yours?
We have nationalized our banks, car companies, and now our health care system. The government as a percentage of GDP is over 20% and almost 50% of the country does not pay income taxes. In effect the institution of the family has also been nationalized, with kids being sent off to state schools at the age of and over 15 million families relying on food stamps to feed these kids. Then, after the student grows up they are given a choice of either turning to the government to fund their student loans, thanks to the nationalization of this program, or they can work for the government either through the volunteer army AmeriCorp or the Military in exchange for guarantees to pay off that debt when they go back to school.
When will we wake up to the fact that we are being boiled like a frog in hot water? If we are to remain independent and free, unlike most of the known world, we will have to gain an understanding of what made us free and prosperous. It starts with understanding how destructive the Private Central Banks and Big Government policies have been in forever indebting us to the shackles and chains of debt slavery.
An incredible phenomenon has been sweeping the web recently. If you haven't seen it, you eventually will. The short documentary: KONY 2012 in a nutshell is a piece put together by InvisibleChildren, a non profit advocacy group out of San Diego, CA that has pushed toward ending child slavery, human trafficking, and by the use of military force via the ending of the life one its leaders, an African war-lord of Uganda named Kony.
Wait? A call for assassination? Military intervention?
Yes, and top it off with 100 million views on Youtube and 1million people pledging their support.
The major push of this film is to get America's youth on board and in the name of justice, to take out an evil mini-dictator in Africa.
"This movie is being shown in middle schools, in grade schools. I've got kids calling me and saying, we need to kill him, he's hurting children!"
Evil abounds in this world. Right now in this world, consider this:
Syria:
Civil War has broken out. The UN estimates up to 10,000 civilians have died just over the last few months alone. An evil dictator is killing his own people.
Afghanistan:
America's war on terror is in its' 10th year in this country. When will it end? This war has already surpassed the war in Vietnam as the longest war in America's history. 3,000 American troops have died thus far, upwards of 40-50,000 Taliban fighters as well. 100,000 troops are still stationed in this country
Civil War has ended the life of Muammar Gaddafi and 20-30,000 soldiers and citizens.
Congo:
The deadliest war in modern African history was recently 'ended' and directly involved eight African
nations, as well as about 25 armed groups. After beginning in 2003, by 2008, the war and its
aftermath had killed 5.4 million people, mostly from disease and
starvation. This war was engineered and ran by multiple African kings.
Palestine:
Terrorist group Hezbollah has been targeting Israel ever since its existence in 1948.
Hezbollah, which started with only a small militia, has grown to an organization with seats in the Lebanese government. This terrorist group has been democratically elected! Their sole purpose is to destroy Israel.
Iran:
Protesters were shot and killed in in 2009 in protesting the tyranny of the Iranian government over their lives. The country is an Islamic republic ruled by the Ayatollahs and Mahmoud Ahmadinejad, who has professed that he will 'wipe Israel off the map' once he has atomic weapons. He is building them as we speak.
A war between Muslim and Christian factions have split the country in two. Another suicide bomb killing 'just' 10. Thousands, perhaps 10+ thousand have died just in the past few months in the name of violence.
Mexican Drug War: The war the never ends and has left thousands dead
America has been the defender of liberty since it's founding out of tyranny in 1776. George Washington led the initial revolution, but upon stepping down as president in his farewell address he stressed the need to stay out of foreign wars in Europe. The founders understood what war was all about, why? Because they experienced it first hand. They saw the evil in this world and understood that in order to stay independent and free, we could not afford to lose millions of our young men and women on the battlefield. Some could argue, we have become a great country in no small part because we have stayed out of wars longer than other rival economic super powers.
We've seen carnage in WWI, WWII, the Korean War, Vietnam, the Holocaust, Russian Stalin Communism, Pol-Pot's slaying of millions in the Khmer Rouge, and so many other bloody events. Some would say that this is the history of mankind, a long period of war interrupted by brief periods of peace.
Evil exists. Yes, the land of the free and the brave has done much to take out that evil and in effect saving the world not once, but twice from tyranny. But, we fought in WWI and II not because we wanted to grab land or gain power, but rather to free citizens from the shackles of tyranny and by doing so protect our lands from those chains ever coming upon us.
We are fighting for freedom right now in the longest lasting war in America's history, Afghanistan, surpassing even Vietnam's long length. We have troops in over 100 countries around the world. We could be at any moment engaged in yet another conflict in Iran.
Fighting for freedom is a noble cause, and when wrapping it in a nice 27 minute video full of passionate appeals from the children, it appears even nobler. But to fight a war comes at a cost, a cost that can not be so easily explained in 27 minute sound bites.
Why is it that the same anti-war and anti-bush celebrities are now joining in on this call to end this rebel's power and now advocating assassination? and why Kony of all people? Where is the Ugandan government in all this, don't they have an interest in ending this evil in their own country?
Should we always be eliminating evil in the world with war? Why is it that America is seemingly all alone when we go to war? Why are we the last ones to leave? Why is our defense budget greater than the rest of the world combined? Too many questions to explain to the children. Rather, should we kill a bad guy? Ah, that's better. I can understand that.
Perhaps we should have a campaign with little kids waving signs saying: "Communism has claimed over 100 Million lives over the last generation, Kill the Chinese Dictator" or "Military draft for the restoration of freedom all over the world!"
But then, that war may be too expensive, or difficult to do, or ruffle too many feathers--that's right, we just want to live in peace. We can't do anything militarily with China, that might cause a real war where millions would die. Oh.
We are blinded in America by our greed, our pride, our arrogance. We think that we can take evil out of the world while it is still lodged in our own heart. Abortion anyone? How many millions around the world, even now with China's one-child policy have been silenced this way? When God is forgotten, evil manifests itself. We have moved away from Him in America. Evil will only increase without his hand on our society. War is not the answer, God is. Yes, we need to protect the innocent and stand for freedom around the globe, but we need to consider the costs and consider the motives for these actions.
Perhaps we should get our house in order. Perhaps we should get the log out of our own eye first.
Covenant With Many
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Trump leaps into Middle East fray with peace plan that Palestinians
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