The Myths Of Collapse (Wendy SD)
Collapses are messy things; often leave no clear records. In addition, collapses are chaotic and almost impossible to teach unless you go on the micro level, which even when available is the province of serious researchers, not popular histories OR schoolrooms. So one gets “French society collapsed, and then Napoleon–”
This generates several myths, which are actually hurting the decision making people are doing RIGHT NOW.
More surveillance. The surveillance state is alive and well and kicking privacy to shreds in America. Whether you’re walking through a store, driving your car, checking email, or talking to friends and family on the phone, you can be sure that some government agency, whether the NSA or some other entity, will still be listening in and tracking your behavior. This doesn’t even begin to touch on the corporate trackers that monitor your purchases, web browsing, Facebook posts and other activities taking place in the cyber sphere. We are now in a state of transition with the police state shifting into high-gear under the auspices of the surveillance state.
Time For Torches & Pitchforks: The Little Guy Is About To Get Monkey-Hammered Again (reflector, pinecarr)
And this time the Fed is out of dry powder, meaning retail investors will never recover as they did after 2002 and 2009. Moreover, the overwhelming share of main street losses will be the among baby-boom demographic——sixty and seventy something’s who will be down for the count.
The U.S. is still projected to grow by 77m but significantly less than the previous estimate of 113m. 95% of the cuts to the population growth are in the under 45yr/old population. As the chart below highlights, the cuts among the 0-24 and 25-44 populations were massive… the change in growth among the 45 and older miniscule.
As a result of the previous two trends, the value of our currency has gone one (and only one) direction: down. These are simple economic laws: the more currency available, the lower its value, and gold has the ultimate characteristic to measure that.
The choice of the word “Federal” in the name of the bank thus seems to be a deliberate misnomer—designed to create the impression that it is a public entity. Indeed, misrepresentation of its ownership is not merely by implication or impression created by its name. More importantly, it is also officially and explicitly stated on its Website: “The Federal Reserve System fulfills its public mission as an independent entity within government. It is not owned by anyone and is not a private, profit-making institution”.
The amendments are a part of a law that was signed in early November and will come into force on January 1. It allows Russia to impound the property of foreign states, so long as Russian courts rule that these nations have damaged the economic or other interests of the Russian Federation. Before this act was introduced, such steps were only allowed on condition the government of the country in question agreed to them.
Holter’s business partner, renowned gold expert Jim Sinclair, has written a long article called “Be Prepared.” Long articles from Mr. Sinclair are rare. Why post this now? Holter says, “Sinclair said it was ‘necessary.’ He believes it could be any day. The unwind could be any day, and once this thing begins to unwind, it will take such a short period to unwind into closure of banks, closure of ATM’s and your credit cards, that you need to be prepared ahead of time.”
NYSE & NASDAQ Ending Limit Risk Orders — You Are On Your Own (Aaron M., Nate)
The New York Stock Exchange and NASDAQ are terminating stop-loss and good-til-canceled orders beginning Feb. 26, 2016. They are claiming risks occur from such orders during volatile trading. They are really admitting that there is a liquidity crisis.
The pensioner’s bank was one of four small regional banks that had been put under special administration over the past two years. The €3.6 billion ($3.83 billion) rescue plan launched by the Italian government uses a newly-formed National Resolution Fund, which is fed by the country’s healthy banks. But before the fund can be tapped, losses must be imposed on investors; and in January, EU rules will require that they also be imposed on depositors. According to a December 10th article on BBC.com:
The program allows companies to keep remediation funds low until the mine has less than 15 years of life left, or until the company has less than three times as many assets as liabilities.
But current rules can help companies inflate the asset side of that equation. Saher also noted the rules don’t take into account long-term price swings such as the current downturn.
Newly obtained infrared video captures a plume of gas — invisible to the naked eye — spouting from a hilltop in the Aliso Canyon area above Burbank, like smoke billowing from a volcano. Besides being an explosive hazard, the methane being released is a powerful greenhouse gas, more potent than carbon dioxide in trapping heat in the lower atmosphere.
Hanna-Attisha first revealed that lead levels in Flint children had been rising to dangerous levels in September, although her work was initially panned and dismissed by state officials, including those representing Michigan Governor Rick Snyder. Her latest research shows the percentage of children with elevated blood lead levels (EBLL) nearly doubled – from 2.4 percent before Flint switched water sources to 4.9 percent after the switch was made.
Gold & Silver
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