Study this one carefully. I located a link
to it as I was reading the comments section of an article called: "Terence Corcoran: Is this the end of America?"
The PDF Article to study is located at:
20 page PDF This appears to be about putting civilians to work for the purposes of powerful people. I haven't had time to read it yet, but you should.
Saturday, March 21, 2009
This one has been around a few days, but it's worth looking at it simply for the VISUAL PERSPECTIVE of just how much worthless paper has just been excreted into the money supply. http://www.globalresearch.ca/index.php?context=va&aid=12754
The growing desire to hold precious metals in their physical form may be another side effect of investor distrust in the crisis-riddled global banking sector. (FROM CASEY RESEARCH) http://www.theglobeandmail.com/servlet/story/RTGAM.20090319.wrgold20/BNStory/energy/?page=rss&id=RTGAM.20090319.wrgold20
John Embry, chief investment strategist at Sprott Asset Management in Toronto. In his latest commentary for Investor's Digest of Canada, Embry wonders: Since mine production is declining, where is the ETF gold coming from? And since the custodians of the ETFs for both gold and silver are also the perpetrators of the gold price suppression scheme, is the ETF gold really there at all? Better to hold real metal in one's hot little hands than paper promises of metal (FROM CASEY RESEARCH) http://www.sprott.com/pdf/investorsdigest/digest.pdf Two page PDF
Thursday, March 19, 2009
MSNBC VIDEO ON COUNTDOWN 7 MINUTES 11 SECONDS http://www.msnbc.msn.com/id/3036677#29783656 Keith pretty much nails it...as always. What else has to happen before the people of this world rise up with their torches and pitchforks...and guns... and TAKE BACK THIS COUNTRY (and all the other countries) from all these treasonous crooks who have committed a CAPITAL CRIME worthy of the DEATH SENTENCE for all the deaths and poverty they have caused in this country, some of which is yet to happen, merely because the black hole of DEBT hasn't wiggled down the economic pipeline to each and every one of us.....YET!
Hourly Action In Gold From Trader Dan Posted: Mar 19 2009 By: Dan Norcini Post Edited: March 19, 2009 at 3:14 pm Filed under: Trader Dan Norcini Dear CIGAs, Here comes the index funds and the hedge funds on the return to the “anti-dollar” move. You will recall they all began a mass exodus beginning in July of last year that took many months to complete as they had built a massive long position across the entire gamut of commodity markets. Those long positions were as much a play on the weaker dollar as they were on a move to hard assets or tangibles as investors were fearful of the spectre of runaway inflation with the Dollar the probing new life time lows. That all came to a screeching halt as risk aversion and the need for cash to meet both redemption requests and margin calls resulted in a wholesale repatriation of funds from emerging markets abroad and a huge reversal in the Yen carry trade. We all know the results of that by now having watched it unfolding before our eyes – the Dollar embarked on a sharp move higher which sent commodity prices crashing alongside of equities as every single commodity market was crushed with not even gold being spared for a short season before it took on its historic safe haven role. What we are now seeing continue this morning after beginning yesterday, are these same exact players who bailed out en masse, now returning en masse to the commodity markets as the long term implications of the Fed’s announcement becomes crystallized in the minds of investors world wide. The death knell of the US Dollar was just rung by Bernanke and company – we wonder how many heard it. Their action guarantees that the US will experience at some point in the not-too-distant future soaring inflation with the increasing likelihood of a hyperinflationary event following. Think about what they announced and sweep aside all the high-sounding phrases and flowery rhetoric – they are going to create in excess of US $1 trillion out of thin air and buy US debt . This is the very monetization that we have been predicting they would be forced to resort to but which we were somehow hoping could be avoided for the sake of our nation’s future. The cards have been dealt and the Fed has shown its hand – with the US embarking on a spending spree that makes the word “orgy” too mild to describe it, they have decided to devalue the currency and debauch our Dollar. They have no other choice now short of defaulting on our debt obligations. I am not sure how this is going to go down with the Chinese who have become our largest holder of US debt but I would strongly suspect that the Chinese will move with even greater speed in their reserve diversification process. I also suspect that the recent chatter coming from several quarters about the need to have a new global reserve currency or some combination thereof is going to garner more earnestness. If the path which the Fed has chosen to follow were being implemented by any other nation on the face of this earth, the currency of that nation would immediately become practically worthless overnight. The only thing that allows the Fed to get away with this con is the fact that the Dollar is the global reserve currency. How do you think this is going to sit with other nations around the world? I am both sickened and angered by what these men, who were given a stewardship of our national currency, have done to us. As I have said many times before, I would much prefer to see a sound US economy, sound monetary policy, a balanced budget and responsible spending and taxing policies. Instead we have the worst of all possible worlds. All we can now do is to attempt to protect our wealth from the ravages that are going to be inflicted upon it. It is coming and nothing can avoid the consequences of this action. Gold continued its torrid reversal off the lows made early in yesterday’s session. It experienced a bit of selling during the Asian session last evening as shorts were trying to push it back below the technically significant $930 level. They failed. It ran right on into the heavy resistance band on the charts near $960 this morning which is the level that is so critical for the shorts to defend if they are going to prevent an almost immediate return to the $1000 level. A breach of $960 that can hold that level for a couple of hours and many of the shorts will cover. That will also bring in fresh money from the momentum funds which have been sitting on the sidelines who are watching to see if that level will fall before their algorithms kick in. See the chart for the technical levels… Yesterday’s volume readings in gold were huge with over 269,000 contracts trading hands. I have not yet had time to check it against the data base but it certainly was one of the largest volumes I can recall seeing. Interesting enough open interest increased only a relatively minor amount in that wild session indicating that a whole lot of hurt was administered to both longs and shorts yesterday. The HUI and the XAU both ran right up their recent swing highs and are attempting to gather enough momentum to break above those levels. For the HUI that means a breach of the 326- 328 level need to occur and hold to set up a solid trending move higher. The XAU looks a bit stronger technically than the HUI as it breached its former swing high near 135 but it needs to push above there a bit further for a bona fide breakout to occur. The move in both indices is occurring with several technical indicators on the daily charts not yet in the overbought zones so they are primed technically for further gains if the bulls can perform and the shorts will blink. Stay tuned on this one. The weekly charts show both indices right on the 50 week moving average so how they can finish out this week will tell us a great deal about what to expect moving forward. If they can best the 50 week average, then the next target is the 100 week moving average. The Dollar – what can one say about it now except that the charts have turned decidedly ugly. A look at the weekly continuous chart shows what could very well be a long term double top at the 90 level on the USDX. It would take a weekly close below the 79 level to confirm that but all of the technical indicators are showing very strong bearish divergence signals on that same chart. There is support at the 40 week moving average near 81.60 and then again at the 50 week moving average near the 79.90 – 80.00 level. If those were to fail, it would not take a lot of time to see the dollar move back down towards it all time lows. Remember that there is or should I say was, a sizeable speculative long contingent in the Dollar according to the recent COT reports. Those folks rushing into the long side of the dollar for a safe haven play were blindsided by Bernanke and company. Nothing like a long side spec flush as the friends of gold can well attest to after having watched so many of them for the last 8 years. I have been monitoring the action in the bond market this morning as I was particularly interested in seeing whether we would get much more in the way of upside action after that mind-boggling, stunning move yesterday. The Fed has obviously moved to put at least a short term bottom in the bond market – technically it cannot be argued otherwise, but what I am personally watching is to see just how high bond traders can take this thing especially with outside support that in the past was forthcoming from foreign Central Banks, particularly the Chinese, Japanese and the OPEC block of nations. Keep in mind that with the slowdown in global trade and the drop off in Chinese and Japanese exports, not to mention the big drop off in OPEC oil revenues, there is a lot less in the way of Dollars that need to be recycled into US Treasuries from those sources. That is a very large chunk of buying that has evaporated from the bond markets at the same moment in time that the supply is being ramped up exponentially. That is not going to be lost on traders although many shorts are no doubt a bit hesitant to step back in front of those things after the shellacking they received yesterday. The question traders will be asking is whether the announced Fed buys will be sufficient to offset the drop off in buying from abroad. We will see soon enough. Equities gave up a good portion of their gains from yesterday (at least they have as I am writing this). Perhaps the euphoria has run smack dab into reality. I might mention here that the Fed’s quantitative easing looks to have been the spark that took crude oil up and over the $50 level. That is no mean feat especially considering the fact that we were swimming in a sea of the stuff for the immediate term. You might recall that crude oil became a proxy for the ills of the US Dollar back during the commodity boom of recent memory with many investment funds pouring money into the black gold as an inflation hedge. At the time many commercials were bewailing the fact that the specs were driving prices beyond the boundaries of fundamental value but they were powerless to halt the rise. With the global economy as sick as it currently is, the conditions are obviously different than before the bubble burst but the fact remains that many investors have come to view crude oil as a play on inflation. That must be respected. We would all do well to also recall Monty’s recent missive on crude oil and his astute observations on the long term outlook for the gooey stuff (how is that for proper, sophisticated nomenclature?). Let’s keep watch also on the commodity currencies, the Aussie, Kiwi and Loonie to see how they fare. All are up today against the greenback. If the focus of the markets shifts to inflation fears away from deflation fears, those currencies should benefit. I am wondering what the Swiss monetary authorities must now be thinking after watching every single bit of the fruits of last week’s foray into the Forex markets to knock the props out from under the Swissie go up in smoke. The Swissie not only took back all of its losses; it even added more gains just for spite. I am curious whether they will come back in and try again. I would also venture to say that the Swiss monetary authorities must be FUMING at the US Fed right about now. With the Dems in Congress poking them in the eye over Swiss bank secrecy and picking on UBS, it is not too much of a stretch of the imagination to state that US/Swiss relations are probably at an all time low. The only question I have now is who is going to be next in this game of musical chairs of currency devaluation that is taking place. One last thing – the collapse in the Dollar with the subsequent strong move higher in the competing major currencies has pushed the gold price down in those terms. We will want to see how gold responds to this in the days ahead as the ideal environment for the yellow metal is a simultaneous move higher in terms of all major currencies, and not just in US Dollar terms. I would prefer to see Euro-priced gold keep its footing near the €700 level and British Pound priced gold hovering near the 650 level and then moving higher. That would indicate that the ferocious gold buying that had been coming out of Europe and Britain a few weeks ago was not just a flash in pan but can be sustained.
Wednesday, March 18, 2009
http://theinternationalforecaster.com/ The Easy Days of Wall Street are Over. Much more here than the title implies. Be sure to Google 'The Black Nobility' and the people listed as running the financial operations in the Cayman Islands. YOU MUST UNDERSTAND THIS TO UNDERSTAND WHO THE REAL POWERS ARE!
Hourly Action In Gold As Of 3PM CDT From Trader Dan Posted: Mar 18 2009 By: Dan Norcini Post Edited: March 18, 2009 at 5:18 pm Filed under: Trader Dan Norcini Dear Friends, The events that have transpired since the writing of my midday commentary are so stupendous that I felt a few comments were in order. The news that the Fed would be buying $300 billion of long-dated Treasuries sent the bond market into what can only be called a frenzy. In all the years I have been trading, I have never seen anything quite like it. We are talking about a move that carried from 123^25 to 132^18. The drop in yield was nothing short of breathtaking. The effect on the yield curve was to flatten it considerably. If the idea was to give the banks some ability to borrow short and lend long and profit from the recently steepening curve, that just went up in smoke but apparently the thinking is that the Fed can artificially force down long term interest rates and this will have a beneficial effect on the comatose housing market. Hey you morons – why not just hand out money directly to every taxpaying citizen in the country? After all, you can just print more of it whenever we need it… God help us all… The effect on both the Dollar and the gold price was instantaneous. The Dollar collapsed as well it should have while gold shot up nearly $60 of its worst levels of the session. Folks – it is my sincere conviction that this current administration is absolutely CLUELESS in how to solve this problem and are flailing in the wind. They are throwing anything that they can think of at a wall and hoping that something will stick. These theoreticians and academics, none of whom can probably even balance their own damn checkbooks, are now attempting to run the monetary system. In the process they have just destroyed our Dollar and make no mistake about this – they are now monetizing debt – which is another way of saying they are printing money out of thin air. Is it any wonder that the Dollar cratered and gold shot up so sharply? As a long term friend of gold I am of course pleased to see gold moving higher but as an American citizen who loves this nation, I am both sickened and angered at the amateur hour that has taken over in Washington D.C. While the Fed burns down the Dollar, the same dipsticks who helped create this mess are worried about $165 million in bonuses when they are spending over $3 trillion in debt that my children will be saddled with. And to see the chief ringleaders, Barney Frank and Chris Dodd, feigning outrage and attempting to hop on the populist bandwagon to distract attention away from the gargantuan sum of indebtedness that they have just chained to the next generation makes my blood boil. Wake up America – these damn fools are destroying what is left of our Constitutional republic. Obviously the technical action in gold completely erases that which transpired before the Fed announcement. Now we have to see if gold can sustain a footing above the $930 level. If it can, and it must if it is going to have a chance at trending higher, then it has a very good shot at $960. That level is what will need to be taken out in order to challenge $1000. The mining shares as evidenced by the HUI and the XAU both launched technical breakouts smashing above the 40, 50 and 10 day moving averages and taking out horizontal resistance levels in the process. The HUI needs to take out 320-323 to set up a trending move.
This is from OldYeller on the MW gold thread today. Was not aware of this group. Hope they can stick together to outnumber the many psychos our military and policing agencies have created: The Seeds Are Planted The Oath Keepers organization describes itself as a non-partisan group of members of the military as well as peace officers "who will fulfill our oath to support and defend the Constitution against all enemies, foreign and domestic, so help us God." Among the orders the soldiers are pledging NOT to obey: 1. We will NOT obey any order to disarm the American people. … Any such order today would also be an act of war against the American people, and thus an act of treason. We will not make war on our own people, and we will not commit treason by obeying any such treasonous order. 2. We will NOT obey any order to conduct warrantless searches of the American people, their homes, vehicles, papers, or effects – such as warrantless house-to house searches for weapons or persons. … We expect that warrantless searches of homes and vehicles, under some pretext, will be the means used to attempt to disarm the people. 3. We will NOT obey any order to detain American citizens as "unlawful enemy combatants" or to subject them to trial by military tribunal. … Any attempt to apply the laws of war to American civilians, under any pretext, such as against domestic "militia" groups the government brands "domestic terrorists," is an act of war and an act of treason. 4. We will NOT obey orders to impose martial law or a "state of emergency" on a state, or to enter with force into a state, without the express consent and invitation of that state's legislature and governor. … It is the militia of a state and of the several states that the Constitution contemplates being used in any context, during any emergency within a state, not the standing army. 5. We will NOT obey orders to invade and subjugate any state that asserts its sovereignty and declares the national government to be in violation of the compact by which that state entered the Union. 6. We will NOT obey any order to blockade American cities, thus turning them into giant concentration camps. … Such tactics … by the Nazis in the Warsaw Ghetto, and by the Imperial Japanese in Nanking, turn[ed] entire cities into death camps. Any such order to disarm and confine the people of an American city will be an act of war and thus an act of treason. 7. We will NOT obey any order to force American citizens into any form of detention camps under any pretext. … Such a vile order to forcibly intern Americans without charges or trial would be an act of war against the American people, and thus an act of treason, regardless of the pretext used. 8. We will NOT obey orders to assist or support the use of any foreign troops on U.S. soil against the American people to "keep the peace" or to "maintain control" during any emergency, or under any other pretext. We will consider such use of foreign troops against our people to be an invasion and an act of war. 9. We will NOT obey any orders to confiscate the property of the American people, including food and other essential supplies, under any emergency pretext whatsoever. 10. We will NOT obey any orders which infringe on the right of the people to free speech, to peaceably assemble, and to petition their government for a redress of grievances. "We will not make war against our own people. We will not commit treason. We will defend the Republic," the organization's website states. "And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually affirm our oath and pledge to each other our Lives, our Fortunes, and our sacred Honor."
Tuesday, March 17, 2009
US Torture: Voices from the Black Sites By Mark Danner ICRC Report on the Treatment of Fourteen "High Value Detainees" in CIA Custody by the International Committee of the Red Cross 43 pp., February 2007 http://www.nybooks.com/articles/22530 Based on a confidential report from The Red Cross's interviews with the victims
DARRELL DELAMAIDE'S POLITICAL CAPITAL We've been had Commentary: The AIG debacle turns bailout into scandal By Darrell Delamaide Last update: 3:55 p.m. EDT March 17, 20 http://www.marketwatch.com/news/story/Weve-been-had-AIG-bailout/story.aspx?guid=%7B998471E9%2D0AC0%2D4969%2D8919%2DA3B0B64E05D7%7D
Monday, March 16, 2009
Treasury International Capital (TIC) Data for January Washington, DC –The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2009. The next release, which will report on data for February 2009, is scheduled for April 15, 2009. Net foreign purchases of long-term securities were negative $43.0 billion. Net foreign purchases of long-term U.S. securities were negative $18.8 billion. Of this, net purchases by private foreign investors were negative $10.2 billion, and net purchases by foreign official institutions were negative $8.5 billion. U.S. residents purchased a net $24.2 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $60.9 billion. Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $30.9 billion. Foreign holdings of Treasury bills decreased $15.4 billion. Banks' own net dollar-denominated liabilities to foreign residents decreased $118.9 billion. Monthly net TIC flows were negative $148.9 billion. Of this, net foreign private flows were negative $158.1 billion, and net foreign official flows were $9.2 billion. Complete data is available on the Treasury website at www.treas.gov/tic.
Sunday, March 15, 2009
YOU EXPECTED 'CHANGE'? O'Bomb'a is one of them. Just another psychopath with a new image. Barack Obama, Meet Team B By Scott Ritter March 13, 2009 "Truthdig" -- President Obama received a lesson in international gamesmanship last week, when his secret offer to trade the deployment of a controversial missile defense system in Eastern Europe for Russian assistance in getting Iran to back down from its nuclear program was publicly rebuffed. The lesson? You don’t get something for nothing, especially when the something you’re looking for is, itself, nothing. http://informationclearinghouse.info/article22206.htm
WASHINGTON – The FBI tells two out of every three Freedom of Information Act requesters that it can't find the records they asked for — a failure rate five times higher than other major federal agencies, a private study has found. http://news.yahoo.com/s/ap/20090313/ap_on_go_ca_st_pe/sunshine_week_fbi
The giant dirigible would use radar to closely and constantly monitor activity on the ground from 65,000 feet. By Julian E. Barnes March 13, 2009 Reporting from Washington -- The Pentagon said Thursday that it intends to spend $400 million to develop a giant dirigible that will float 65,000 feet above the Earth for 10 years, providing unblinking and intricate radar surveillance of the vehicles, planes and even people below. http://www.latimes.com/news/nationworld/nation/la-na-spyblimp13-2009mar13,0,4608400.story
GT sez: Read this email I received, then go to: http://www.peaceteam.net:80/action/pnum942.php AND TAKE ACTION IMMEDIATELY! There are other issues addressed on the page that comes up, so DO WHAT YOU FEEL IS THE RIGHT THING TO DO ABOUT IT/THEM. EMAIL: Please note: We told you about this issue last week and many of you responded. But we still need your comments with the USDA by the end of the day, Monday, March 16, to stop the incredibly destructive corporate scheme described below. Congress is already trying to stack the deck so only lobbyists have a meaningful voice in this debate. We can stop them if you speak out now. Radio Chip Animal Identification Would Do ALL Harm To Our Real Food Safety, And No Good It would be too easy to blame the recent peanut panic on one criminal corporation owner, who KNOWINGLY shipped Salmonella contaminated product. But before that it was millions of pounds of ground beef, and before that tomatoes all over the country, and on and on. And when you ask where is all this horrible filth coming from, with a over a million cases of Salmonella in the U.S. alone every year, the answer is self-evident. It's the huge factory farms that overflow with seas of untreated animal waste, that then spill into our food supply, including through our agricultural plant crop fields. We have a lot of work to do to clean up this giant mess, but the first thing we have to do is STOP a lunatic boondoggle being pushed by these same corporate interests, to force radio computer chip implanting of literally every farm animal in the country, EXCEPT on their own factory farms. It is absolutely nothing but a further attempt to drive small family farms out of business, who in fact are our safest source of reliably clean food now. The proposed National Animal Identification System (NAIS) would force even the smallest healthy farms to buy expensive new computer tracking equipment, and potentially would subject them to gestapo-like tactics by the USDA if they are in even slight technical non-compliance. And all this just to fatten the pockets of the RFID chip manufacturers, and to make it LOOK like something is being done to make our food safer. The special one click action page below will send your personal message to all your members Congress and also directly to the U.S. Department of Agriculture who is trying to rush this thing through without adequate scrutiny. Stop NAIS Action Page: http://www.peaceteam.net/action/pnum942.php This action is especially urgent because the U.S. House Agriculture Subcommittee on Livestock, Dairy and Poultry is holding a hearing on NAIS implementation on March 11, and many farm activists fear the plan is to push it out for a full vote in Congress faster than a greased pig, before we the people have a meaningful chance to speak out. You may not have a House member on that particular subcommittee, but you can pressure your own House member to tell they colleagues on it that there is massive constituent pressure against NAIS. For the especially mobilized on the action page above there is a link to the phone numbers for those on the subcommittee, because they are in fact your representative as an American citizen if they sit on it. Below are some more extensive truth points you can select from in drafting your comments or on the phone, again linked to from the action page above. NAIS was designed by NIAA (the National Institute of Animal Agriculture), a corporate consortium consisting of Monsanto, industrial meat producers such as Cargill and Tyson, and surveillance companies such Viatrace, AgInfoLink, and Digital Angel. The NAIS scheme fits agribusiness, biotech, and surveillance companies to a T: 1) They are already computerized, and they engineered a corporate loophole: If an entity owns a vertically integrated, birth-to-death factory system with thousands of animals (as the Cargills and Tysons do), it does not have to tag and track each one but instead a herd is given a single lot number. 2). NAIS will only be burdensome and costly (fees, tags, computer equipment, time) to small farmers which helps push them out of business, thus leaving more market to giant agribusiness. 3) Agribusiness wants to reassure export customers that the US meat industry is finally cleaning up its widespread contamination. NAIS would give that appearance ... without incurring the cost of a real cleanup. 4) NAIS will allow total control over the competition: Owners of even a single chicken would be required to register private information, the Global Positioning System (GPS) coordinates of their 'premise' and if any animal leaves its 'premise', the owner will be required to obtain an ID number for it and have the animal microchipped. All information, including 24 hour GPS surveillance would be fed into a vast corporate data bank, allowing for ease of false slaughter to hide true problems or to substitute biotech's genetically engineered animals. 5) NAIS may allow plundering of farmers through required DNA samples: DNA samples would be invaluable to Monsanto and biotech corporations genetically engineering animals. Farmers who raise heritage breeds would have no say in how their distinct DNA would be used and to the sole profit of biotech companies. 6) The advantage for the surveillance companies is obvious: Compulsory tagging of 6 million sheep, 7 million horses, 63 million hogs, 97 million cows, 260 million turkeys, 300 million laying hens, 9 billion chickens, and untold numbers of bison, alpaca, quail, and other animals -- and new animals being born, means a massive self-perpetuating market. Please take action now to stop this insanity. Our health and our lives depend on it. Stop NAIS Action Page: http://www.peaceteam.net/action/pnum942.php The health claims for NAIS are a sham though fear of disease is used to advance it. NAIS does not touch the contaminated source of E.coli, salmonella, listeria, mad cow, and common meat-borne diseases - the inherently unhealthy practices (mass crowding, growth stimulants, feeding regimens, rushed assembly lines, poor sanitation, etc.) of industrial-scale meat operations. Upton Sinclair's "Jungle" all over again. NAIS will do nothing to stop these practices. Moreover, tracking ends at the time of slaughter, yet it's from slaughter onward that most spoilage occurs. But NAIS does not trace any contamination after slaughter. The self-serving Agribusiness NAIS plan distracts from their contaminatory practices, while targeting hundreds of thousands of small farms, homesteaders, organic producers, hobbyists ... and maybe even you. NAIS's purpose is to advance corporate monopoly over all food in the US. And with it, they have laid the ground work. Kissinger said if you control food, you can control people. This immense corporate plan to control of our food supply and eliminate our independent farmers is, at it heart, the most severe threat possible to our democracy itself. Please take action NOW, so we can win all victories that are supposed to be ours, and forward this alert as widely as possible. If you would like to get alerts like these, you can do so at http://www.peaceteam.net/in.htm