Things look eerily similar to 1936: From devaluations lifting stocks to inflationary side-effects of money flow and from short-covering, money-on-the-sidelines, Jobs, Europe, low-volume ramps…
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Young woman’s death sparks fears of a killer TB strain on Australia’s doorstep
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Over quarter of South African schoolgirls HIV positive
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Young woman’s death sparks fears of a killer TB strain on Australia’s doorstep
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Over quarter of South African schoolgirls HIV positive
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Is the “House of Cards” about to topple?
SENATE DEMS’ FIRST PROPOSED BUDGET IN 4 YEARS ADDS $4 TRILLION TO NATIONAL DEBT, INCLUDES $1 TRILLION IN NEW TAX HIKES –
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ALERT: North Korea uses live artillery in drills near border as Kim Jong Un continues threats
Obama Administration Plans to Cut Medicare Advantage Reimbursements
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In God We Trust’ Lawsuit: Freedom From Religion Foundation Sues To Remove Phrase From Currency
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Small Sinkhole Tuesday has closed down an entire block in Washington D.C
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Bill Gates: ‘Some days I wish we had a system like the UK’ to give Obama more power
GREEK UNEMPLOYMENT REACHES RECORD 26 PERCENT
Enraged protesters battle cops in Brooklyn streets during third night of rioting after it’s revealed that 16-year-old Kimani Gray was shot in the back
Israel intel chief: Syria's Assad readying to use chemical weapons...
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BANKRUPTCY LAWYER TAKES OVER IN DETROIT...
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WARNING! We Are Heading For A ‘Euro Shock’ Again: The EU Is Realizing That Collapsing Economies Can’t Pay What Is Owed, Employment Hastens Downward Spiral, Germany Holds Its Own Elections In September, Won’t To Be Too Supportive If Italy Asks for Help!
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The Federal Reserve May Be Responsible For The Biggest Financial Meltdown Yet To Come
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Marxism in Education – The Infiltration of Our School Systems by the Common Core Standards
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http://www.trunews.com/
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Scientists warn Oregon legislators of cataclysm when earthquake, tsunami strike
SALEM -- More than 10,000 people could die when -- not if -- a monster earthquake and tsunami occur just off the Pacific Northwest coast, a new study predicts. Coastal towns would be inundated. Schools, buildings and bridges would collapse, and economic damage could hit $32 billion. The chilling report by the Oregon Seismic Safety Policy Advisory Commission was presented Thursday to Oregon legislators. In 2011, the Legislature authorized the study of what would happen if a quake and tsunami such as the one that devastated Japan hit/
That’s No Train! Air Force Eyes Subway for Nuclear Missiles
The Air Force wants to upgrade its aging nuclear missiles and the hundreds of underground silos that hold them. One idea it’s exploring: the construction of a sprawling network of underground subway tunnels to shuttle the missiles around like a mobile doomsday train. As one does. As first reported by Inside Defense, the Air Force Nuclear Weapons Center will award several study contracts next month worth up to $3 million each to research the idea. A broad agency announcement from the Air Force describes the hair-raising concept.../
Russia Warships Dock in Beirut Port awaiting Departure to Syria
/One Of Legendary Jim Sinclair’s Boldest Predictions Ever
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Sinkhole buyouts await evacuated Louisiana homeowners
Texas Brine will offer buyouts to Assumption Parish residents whose homes are in a swampy area under evacuation because of a nine-acre sinkhole, Gov. Bobby Jindal said Wednesday. Scientists say the sinkhole formed after the collapse of an underground salt cavern operated by Houston-based Texas Brine Co. LLC, which extracted brine and piped it to nearby petrochemical facilities. The cavern failure released oil and natural gas from formations along the salt dome face. "They caused the situation. They've got to make this right,"../
Whoa: Did Some Guy in Spain Really Predict the Next Pope Would Be Named ‘Francis I’ More Than a Month Ago?
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Living Lab: Urban Planning Goes Digital in Spanish 'Smart City'
Cities all around the world have set the same goal for themselves. Amsterdam, Barcelona, Birmingham, Dubai, Helsinki, San Diego, Stockholm, Nanjing, Vienna, Yokohama -- they all share an aspiration to become "smart cities." That sounds like an appealing aim, yet when urban planners try to explain more precisely how they plan to lead their cities into the digital future, their answers are less convincing, with each proposing a different plan. Despite the many symposiums that have been held on this subject, there is no consensus on how.../
How the London gold price is 'fixed'
London's gold and silver markets face the possibility of a probe alongside other benchmarks into price setting, putting a century-old practice under the spotlight after the Libor rigging scandal that exposed widespread interest rate manipulation by banks. The US Commodity Futures Trading Commission has engaged in "a couple" of conversations about whether the daily setting of gold and silver prices in London is open to manipulation, Commissioner Scott O'Malia said on Thursday, although he said the situation is "fairly immature in its.../
Cruz, Feinstein tangle over 2nd Amendment as panel approves assault-weapons ban
Sen. Ted Cruz and Sen. Dianne Feinstein tangled Thursday over the Second Amendment, with the pro-gun control Feinstein accusing the freshman Republican senator of trying to "lecture" her as the committee on which they sit advanced a renewed assault-weapons ban. The bill, sponsored by Feinstein, passed the Senate Judiciary Committee on a party-line 10-8 vote and heads next to the floor, where it faces an uphill road. Cruz, R-Texas, among the Republicans who oppose the bill, got into the heated exchange with Feinstein, D-Calif., when he.../
Texas Gov. Rick Perry Breaks From GOP Establishment, Blasts McCain and Romney in CPAC Speech
/Why A Banking Insider Says “It’s Time To Be Very Worried”
-Reporting from Santiago, Chile
Apparently the Latino version of Jusin Beiber is in town.
I have no idea who this kid is, but as I was walking into the W Hotel last night for a meeting, there were hundreds and hundreds of adoring prepubescent girls lining the metal cordon that had been set up outside of the building.
Then he walked outside, flanked by hotel security. He couldn’t have been more than fifteen, a bit pimply-faced and gangling at that awkward age. But the crowd couldn’t have cared less. The screaming persisted for ten minutes… just like those old black and white reels of teenage girls losing their minds at Beatles concerts fifty years ago.
Despite all the commotion outside, I met up with my colleague, and we dove immediately into a conversation about international banking and the state of the global financial system. As a senior executive of a large international bank, he is the ultimate insider. And I was floored by what he told me.
He openly acknowledged, for example, that banks are frauds. Most banks, particularly in the developed west, only hold a tiny fraction of their customer’s deposits in cash. The rest is gambled away on whatever the popular toxic security du jour happens to be.
This entire system rests upon a very thin layer of confidence, reinforced by the occasional taxpayer bailout. Yet it struck him as incredible that people still had confidence in banks, especially given that most of the investment products promoted to their customers are “crap”.
He told me how destructive central bankers are, creating untold amounts of inflation that only serves to make people poorer, while enabling governments to go deeper into debt.
Most of all, he told me that very few of the banking sector’s underlying deficiencies have been addressed since the 2008 meltdown. Many western banks are still insolvent, with the key difference that their governments are now also insolvent.
He believes that in the coming years, this confluence of risk will finally burst, most likely induced by the effects of the currency wars and competitive devaluation.
It was astounding, he said, that the G7 actually published a statement trying to soothe concerns about the global currency wars. “Whenever the government tells you to not worry about something,” he said, “it’s time to be very worried.”
Unfortunately, most people don’t know what’s happening. They don’t know that their government is insolvent, and that the only way they can persist is to go deeper into debt and devalue their currency. They don’t know that the money in their bank account isn’t safe. And they don’t have any idea how far their government will go to maintain the status quo.
It turns out that the screaming teenagers outside were a perfect metaphor. Happily ignorant. Distracted. And completely unaware. Most people simply aren’t going to see it coming.
And yet, from a big picture perspective, it all seems so obvious. National balance sheets across the developed west are deeply in the red. Bank balance sheets are precarious at best. Central bankers are flooding the world with paper money. And governments are trying everything– capital controls, competitive devaluation, pension nationalization– to keep the party going.
The writing is on the wall. And tTaking some basic steps now can make a world of difference. This includes purchasing real assets (precious metals, productive land), moving a portion of your savings to a well-capitalized banking system, and taking control over retirement funds.
These are steps that make sense no matter what; even if the worst never occurs, you won’t be worse off. And should the house of cards collapse, you’ll be one of the few people left standing.
Simon Black is an international investor, entrepreneur and permanent traveler. His daily letter is both educational and entertaining, and we suggest that those who want unbiased, actionable information about global opportunities sign up for Sovereign Man's free, actionable newsletter at http://www.SovereignMan.com.
From Simon Black of SovereignMan.com
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