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Imminent Threat – The Breaking Point and Subsequent Street Riots Thumbnail

Imminent Threat – The Breaking Point and Subsequent Street Riots

Posted on Nov 16, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: Sovereign Manby Simon Black

Longtime readers know that I don’t spend much time in the United States; I usually swing by for a month or so each year to visit friends and family, and the period in-between visits can often stretch 6-months or more.

This is sufficiently long enough that I notice a lot of changes… some so drastic that they hit me in the head like a baseball bat.

For example, just last week when I was at Los Angeles International Airport, the police set up a checkpoint outside the main entrance as if we were in downtown Baghdad driving into the Green Zone.

IMG 0340 1024x768 Imminent Threat

And I couldn’t believe my eyes when, driving down Santa Monica Boulevard last Wednesday, I saw a police urban assault vehicle modeled after a US Army mechanized infantry fighting vehicle. It’s designed for one thing: maximum destruction.

It’s truly appalling how police forces across the country have become militarized. The concept of ‘peace officer’ no longer exists. Police are now paramilitary forces who only protect and serve the political class....

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Leading Headlines – Economic Armageddon, Municipal Bankruptcy, War with China, Gold, and 11.11.11 Thumbnail

Leading Headlines – Economic Armageddon, Municipal Bankruptcy, War with China, Gold, and 11.11.11

Posted on Nov 11, 2011 in Economic News, Global & National News, Police, Military, & War
Deafening Media Silence on ‘Bank Transfer Day’ Success, 650k Accounts Transferred to Credit Unions Thumbnail

Deafening Media Silence on ‘Bank Transfer Day’ Success, 650k Accounts Transferred to Credit Unions

Posted on Nov 07, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Source: MSNBC

The big banks are keeping quiet about whether customers are switching to non-profit credit unions this weekend as part of the Facebook-propelled “Bank Transfer Day” protest.

In Los Angeles, organizers predicted that thousands would move their accounts from the big commercial banks, but it was unclear how many actually did.  An estimated 650,000 consumers have transferred $4.5 billion from banks to credit unions since the end of September.

Hayden’s Note:

While I think this is great, this isn’t something to get wildly excited about.  I mean, it’s better than using Bank of America or Chase, but you’re still utilizing the system.  Whether you’re super-stoked or mildly amused by this action, I think it’s headed in the right direction.  Hopefully it continues to manifest itself into waking people up to even bigger issues!

Doug Allen moved the bulk of his and his wife’s savings to Partners Credit Union in Burbank, which has added some 600 new accounts recently and took the unusual step of opening its doors on a Saturday.

“I’ve [been] meaning to do it for awhile, so when I saw this event today, I thought, ‘That’s the perfect reason to finally do it,'” Allen said....

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Peter Schiff Takes On ‘the 99%’

Posted on Oct 27, 2011 in Economic News, Political Issues

Kevin Hayden – TruthisTreason.net

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc., went to Zuccotti Park and took on Occupy Wall Street protesters and MRCTV caught some of the action.

Note to the Socialist and Collectivist members (those who believe in wealth redistribution and condemn private property rights) of the Occupy Movement: If you’re going to try and debate someone as like Peter Schiff on economic matters, arrive with more than recitations and talking points and please, please have a better response than simply, “…repeal the Bush tax cuts!” for every single question.

(Schiff can hardly get a word in at times.)

Video courtesy of  http://mrctv.org/videos/peter-schiff-takes-99...

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Leading Headlines Thumbnail

Leading Headlines

Posted on Oct 25, 2011 in Global & National News
Lamestream Media: Gold is Backed by Nothing, Unlike the US Dollar, Which is Backed by Government Thumbnail

Lamestream Media: Gold is Backed by Nothing, Unlike the US Dollar, Which is Backed by Government

Posted on Sep 29, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: YouTube & SHTF Plan

I have no words to express the sheer lunacy of the following report:

There’s something else happening here. Some investors are not confident with what gold is backed by, or if it’s backed by anything at all, as compared to something like the US dollar. Investors are comfortable that the U.S. dollar is backed by the American government, so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve …that’s going to be around a year from now. That’s a much more comfortable investment for them.

...

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Step Aside BBC “Trader”: Head of UniCredit Securities Predicts Imminent End of the Eurozone and a Global Financial Apocalypse Thumbnail

Step Aside BBC “Trader”: Head of UniCredit Securities Predicts Imminent End of the Eurozone and a Global Financial Apocalypse

Posted on Sep 28, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge

Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable op-ed in the Hungarian portal Index.hu which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story.

Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print.

Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”… “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe....

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BBC Speechless as Trader Tells Truth: “The Collapse is Coming…Goldman Sachs Rules the World” Thumbnail

BBC Speechless as Trader Tells Truth: “The Collapse is Coming…Goldman Sachs Rules the World”

Posted on Sep 27, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Alessio Rastani, a trader, talks to the BBC rather candidly about the inevitable crash of the Eurozone, the stock market and puts things into simple terms.

“This economic crisis is like a cancer….if you just wait…it’s going to keep growing… and it will be too late.”

“Governments don’t rule the world…Goldman Sachs rules the world.  Goldman Sachs doesn’t care about this rescue package and neither do the other big funds.”

He then goes into some simple strategies, such as hedging and protecting your current assets and predicts that within 12 months, millions of peoples’ savings will be wiped out.  He also comments on the 1930’s Great Depression and notes that it was used by a select few to become rich.

However!… I certainly would not be putting my faith and money into US Treasury Bonds OR the US Dollar.  Gold, silver, land, firearms, long-term food and other tangibles will be worth far more than 30-year bonds if a collapse occurs.  Why do you think the Federal Reserve is only investing in short-term bonds?  There will be no Treasury Bonds in 30 years.  ...

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France Requires Gold & Silver Sales Over $600 Be Made by Credit Card, Bank Transfer Only (So They Can Track It) Thumbnail

France Requires Gold & Silver Sales Over $600 Be Made by Credit Card, Bank Transfer Only (So They Can Track It)

Posted on Sep 23, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: SHTF Planby Mac Slavo

A couple of weeks ago our report that some Austrian banks had begun restricting the sale of gold and silver to 15,000 Euro (~$20,000 USD) reportedly because of money laundering issues was met with disbelief by many readers of financial news and information web sites. As we mentioned in that commentary, it is our view that governments, namely in Western nations, are making it more difficult for individuals to make gold purchases, as well as to do so anonymously.

It looks like this trend of restricting the peoples’ ability to acquire assets of real monetary value is expanding. If a recent report from France is accurate, and based on the French governments official web site it looks like it is, then as of September 1, 2011, anyone attempting to sell or purchase ferrous or non-ferrous metals, which includes gold and silver, will be required to pay for their purchase via a credit card or bank wire transfer if it exceeds 450€ (~ $600 USD):

Here is the applicable French law via www.legifrance.gouv.fr and translated into English by Google Translate:

Article L112-6
Amended by Law n ° 2011-900 of July 29, 2011 – art.

...

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Hayden’s Note on the Dollar, Gold Prices and the Fed Thumbnail

Hayden’s Note on the Dollar, Gold Prices and the Fed

Posted on Sep 22, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

I was speaking to several close friends about two weeks ago regarding our current economic situation.  They had asked my opinion on what the short-term forecast would be and I laid out the fact that gold would be going back down to $1,730-1,750 per ounce on Dollar vs. Euro fears, Federal Reserve actions and the Euro debt debacle (gold is currently sitting at $1,727).  I recommended that they use that oppurtunity to purchase more precious metals, including silver bullion.  Even with shipping, delivery or dealer fees, they could easily profit from the purchase within a very short time (mid-October?).

This dip in metals’ price is (in my opinion) mostly attributed to yesterday’s announcement by the Federal Reserve of “Operation Twist” (not totally unlike quantitative easing).  The Federal Reserve plans to flatten the yield curve of the US Treasuries by selling short-term bonds in order to buy long-term bonds.  Coupled with Euro fears, Greek bailouts and more, the stock markets plunged while the Dollar rallied strongly against the Euro.  Currently, the Euro markets are being slaughtered.  The “part-time” gold-buyers jumped ship and fled to the Dollar in order to make a profit and falsely consider themselves hedged against trouble. ...

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The Economic Shredding Machine Thumbnail

The Economic Shredding Machine

Posted on Sep 20, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: Economic Prism – M.N. Gordon, Truth Contributor

Falling Flat on its Face

Like the U.S. Treasury, President Obama’s recent jobs proposal is bankrupt.  Quite frankly, we weren’t counting on much.  But that doesn’t mean we still weren’t disappointed by its burdensome emptiness.

The most remarkable thing about the President’s latest jobs creation plan has nothing to do with the actual substance – or lack thereof – included in the initiative.  To the contrary, it’s the idea behind it that’s most noteworthy.  In short, the President actually believes the government can use borrowed money to stimulate the economy. 
If this were true, the trillions of dollars already spent would have produced an epic boom and job creation renaissance.  By this point in the recovery, unemployment would be down and opportunities would be abundant.  Obviously, none of these things have taken place.  Instead, according to a recent Bloomberg National Poll, only 9 percent of the population is confident the economy won’t slide back into recession.

The government, as we’ve seen, is extraordinarily capable of spending boat loads of borrowed money. ...

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The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome” Thumbnail

The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome”

Posted on Sep 18, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Yahoo Finance – The Daily Ticker

Hayden’s Note:

It is interesting to note that this program was sponsored by ScottTrade and appeared on Yahoo Finance.  Just some food for thought…  It’s becoming a mainstream, legitimate concern.  What have you done to hedge yourself against a potential collapse?

The Ayn Rand Institute held its annual “Atlas Shrugged Revolution” dinner Thursday night in New York City.

In attendance were a number of financial luminaries and hedge fund managers, including Peter Schiff of EuroPacific Capital, John Tamny of RealClearMarkets, Dmitry Balyasny of Balyasny Asset Management and Scott Schweighauser of Aurora Investment Management.

The setting was the tony St. Regis Hotel on Fifth Avenue but there was nothing pleasant about the primary message coming from both the speakers and those in attendance: Western civilization is heading for hell and a hand basket, just like Rand predicted in her seminal novel.

In the accompanying video, ARI president Yaron Brook tells Henry why Rand’s devotees believe the global economy is “heading for collapse.”

In a nutshell, Brook believes politicians and policymakers have “no solutions” for the problems facing the globe....

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The US Debt in Easy to Understand Numbers, Ratios and Pictures Thumbnail

The US Debt in Easy to Understand Numbers, Ratios and Pictures

Posted on Sep 04, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Originally published Jul 18, 2011 @ 16:00

I was listening to Dave Ramsey on the radio this afternoon, and he made an excellent point regarding the national debt.

If you don’t know who he is, I encourage you to check out his AM radio show.  He is essentially a debt-advice sorta guy and makes a lot of really good, commonsense recommendations in order for average Americans to find financial peace.  Typically, someone calls in and offers their problem; how much they owe in debt, their household income and spending levels, etc.  His website describes him as, “the host of a nationally syndicated radio program discussing personal finance topics. Strongly emphasizes reducing, avoiding, and eliminating debt.”

Well, Mr. Ramsey crunched some numbers that reflect the US national debt, reduced it by ratios, and attacked it in the same manner as he does his usual callers with debt problems.

He determined that the United States could be compared to someone making $58,000 a year, but spends $75,000 and has over $325,000 in credit card debt.

The latest “answer” to the federal deficit and the much-ado about nothing “spending cuts” equal that same $58,000 earner cutting his spending down to $72,000 per year and cheering about it....

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Workers Comp for Babysitters and 20 Other Reasons Why California is Stupid

Posted on Sep 02, 2011 in Economic News

Kevin Hayden – TruthisTreason.net

Source: The American Dream

Is there any other state that is as stupid as California?  Unemployment in California has been sitting at about 12 percent for an extended period of time, and yet they continue to push businesses out of the state by imposing thousands of ridiculous regulations on them and by taxing them into oblivion.

Now California is even requiring workers comp for babysitters and paid vacation for nannies.  How insane is that?  The state government in Sacramento is flat broke and drowning in debt and yet they continue to spend gobs of money on some of the most frivolous things imaginable.

Poverty and crime are everywhere, yet California continues to pass legislation that encourages even more illegal immigrants to come in.  Unless you have a really, really good reason to stay in the state, it seems rather stupid to stay in California at this point.  The economy is in shambles, home prices continue to fall, traffic is worse than ever, crime is rising and poverty is everywhere.  Meanwhile, entire portions of the state could be leveled by the next big earthquake at any time. ...

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Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy Thumbnail

Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy

Posted on Sep 01, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Zero Hedge by Zeus Yiamouyiannis, Ph.D.

Finally, serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.

“On a grand scale the only way to erase counterfeit money and (counterfeit) assets of hundreds of trillions of dollars is to erase the debts associated with those fake assets. (Let me underscore again, these are not “toxic” assets, they are fake assets.)… Forgiveness in general, and forgiveness of debt in particular, stand as virtues if they free us up to acknowledge, address, and learn from our culpability, start anew, and create forward.” (The Big Squeeze, Part 3: The Quiet Rebellion: Civil Disobedience, Local Markets, and Debt Erasure (January 29, 2011)

Debt forgiveness, therefore, accomplishes two important things. It eliminates the increasing and outsized portion of productive enterprise to pay off unproductive obligations, and it clears the ground for new opportunities, new thinking, invention, and entrepreneurialism....

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