Kevin Hayden – TruthisTreason.net

Source: Media Roots and Alt-Market

As Americans come to grips with a severe financial hangover, the American economy will adapt to meet the peoples’ needs.  After 30 years of easy credit, subprime mortgages, zero interest loans and binge spending, the economy has imploded.  The wizards of Wall Street continue casting spells and weaving their magic, as the mainstream media rattles on about the wizards’ omnipotence like an rickety player piano.

Meanwhile, back in the world of reality, some Americans are beginning to realize the necessity of more contemporary ways of doing business.  As decreasing wages, increasing taxes, stifling regulations and a mortally wounded economy, are forcing people to do business a different way.  If current conditions continue, “black markets” will emerge, giving local economies an IV to keep them stable.

The global Black Market has already surpassed $1 trillion in sales.  The United States alone already accounts for more than $600 billion, almost three times the nearest competitor- China.  Americans, seeing that the economy for the “99%” still isn’t healthy, are doing an end around to oppressive, financial restraints imposed by the government and Wall Street.  When times become too financially difficult and unbearable in the face of financial repression (think Prohibition and the War on Drugs) black markets spring up like mushrooms after a morning dew.  The economic intrusions of a government gone haywire include repression of raw milk sales, tracking gold and silver purchases over $600, the IRS considering taxing barter exchanges and the FDA having jurisdiction over personal gardens.  Citizens are creating new economic systems that serve their own interests outside of corporate, centralized markets....

Kevin Hayden – TruthisTreason.net

Source: Natural News

The economic plundering of our world is well under way, with the Goldman Sachs “white shoe boyz” taking over entire national economies as they confiscate the wealth of the working class. They aren’t the only evildoers wreaking havoc across the world, of course: A cabal of powerful and criminally-insane corporations are destroying the future of food, plotting to keep citizens suffering from disease, and even perpetuating war so they can earn obscene profits from selling more bullets, bombs, and missiles.

You can help resist this economic imperialism by taking simple actions that protect your wealth and pull it out of the hands of the globalists who are actively destroying our world.

Hayden’s Note:

This is called radical self-reliance and it is something that we will need to begin learning before we can ever help others.

Here are five of the most powerful action steps to take that can turn the tables and restore economic sovereignty at every level — household, community, state, nation and the entire globe.

If you shop based solely on price and not ethics, you are take part in the economic destruction of our world....

Kevin Hayden – TruthisTreason.net

Europe bans ‘naked’ airport scanners over cancer fears

EPA targets families that generate heat off the grid using traditional wood-burning stoves

1 Through 30 – The Coming U.S. Financial Crisis By The Numbers

STRIKE ANYWHERE ON EARTH IN HOUR…

Fake terror plots, paid informants: the tactics of FBI ‘entrapment’ questioned…

Digital Tech Puts JFK Lone Gunman Theory to Test…

Ron Paul on Waco

The Givers and The Takers — What Will You Do When SHTF?

Costco’s Tiny House

Brokerage Firm Closes Doors, Warns, “The Entire System Has Been Utterly Destroyed” “ALL customers Withdraw From All of the Markets”

 ...

Kevin Hayden – TruthisTreason.net

Source: New York Times

Rajat K. Gupta, a former Goldman Sachs director and McKinsey & Company chief executive, surrendered to the Federal Bureau of Investigation on Wednesday morning to face charges of insider trading, the latest development in the government’s multiyear crackdown on illegal activity on Wall Street.

Hayden’s Note:

This article reads like a typical resume of the Global Elite and is a corrupt melting pot of insider information across the spectrum.  Harvard, American Airlines, Goldman, the FDA, Proctor & Gamble, Bill Gates …  Makes me think of the massive insider trading that occurred just prior to 9/11 against American Airlines and United.  Hmmm.  Wonder if he was a part of that, too…?

See also: Evidence of Insider Trading Shortly Before September 11th, Re-examined

In charging Mr. Gupta, the government will tie up one of the biggest loose ends resulting from the investigation into the Galleon Group, which began nearly five years ago at the Securities and Exchange Commission. Since then, more than two dozen people have pleaded guilty or been convicted of swapping illegal tips around company earnings and other major corporate events....

Kevin Hayden – TruthisTreason.net

Sometimes, I just don’t have the words to describe the utter nonsense I hear from some people.

This man seems to be a “leader” within his small Occupy group as I’ve seen him on NUMEROUS YouTube videos leading marches, chants, general assemblies, and more.  There are hundreds, if not thousands, who follow this blond-haired, pimple-faced Sociology major who espouses an incredible disdain for personal freedom and liberty.  Instead, he promotes a State-led, subserviant lifestyle “where the government injects cash into people’s bank accounts.”  What he forgets is that the Constitution clearly states that Congress shall have the power of the purse, not a private banking cartel who works on Wall Street; the very street he claims to be protesting!

“Freedom from want…,” as he describes it.  I call it a lazy Utopian fantasy.  Continued below…

But that’s just my opinion.  I’m sure Thomas Jefferson, George Washington, Andrew Jackson, Benjamin Franklin, and many more would agree with me.  Keynesian economics and quantitative easing has not, nor will it, help the economy....

Kevin Hayden – TruthisTreason.net

Source: CounterPunch via Cryptogon

If you’re a Wall Street behemoth, there are endless opportunities to privatize profits and socialize losses beyond collecting trillions of dollars in bailouts from taxpayers. One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998. It’s called the Paid Detail Unit and it allows the New York Stock Exchange and Wall Street corporations, including those repeatedly charged with crimes, to order up a flank of New York’s finest with the ease of dialing the deli for a pastrami on rye.

Hayden’s Note:

Having worked for the New Orleans Police Dept. for 5 years, I had the opportunity to work numerous paid details.  I also saw the insanely corrupt side to “details.”  Many officers would technically be on the clock as a police officer, while also being paid $25-35 per hour for a private detail.  This involved many mid-level officers, all the way to the upper echelon.  Some officers would be on several different paid details at once while on the clock....

Kevin Hayden – TruthisTreason.net

Source: InfoWars by Kurt Nimmo

Chris Burris, writing for Lew Rockwell’s website yesterday, makes a good point about the Occupy Wall Street movement – they are barking up the wrong tree.

Democracy? How about a constitutionally limited republic?

Instead of occupying a park outside of Wall Street, they should march en masse to 33 Liberty Street. That’s where the New York Federal Reserve is located. In addition, they should take their chants and drums to the Harold Pratt House on 58 E. 68th Street at Park Avenue. The Council On Foreign Relations does business at that address.

If the Occupiers had a clue, they would go after the power elite instead of their workers down on Wall Street.

“But they won’t be led to confront the gods on Mount Olympus by their Judas goats and media shills,” Burris writes with an appropriate degree of sarcasm. “David Rockefelle­r, Pete Peterson, Warren Buffett, David Koch and Henry Kissinger might be held up from lunch at 21.”

In addition to Rockefeller and the CFR, protesters in Washington, DC, should immediately march on the North American headquarters of the Trilateral Commission, situated at 1156 Fifteen Street, NW, and make their demands known....

Kevin Hayden – TruthisTreason.net

Source: The Economic Collapse

The following are 25 signs that the financial world is about to hit the big red panic button….

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers?  Shares of Bank of America have fallen more than 40% over the past couple of months.  Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over.  In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall.  A recent article in the New York Times detailed some of the carnage….

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass....

Kevin Hayden – TruthisTreason.net

Source: Mises.org by Doug French

Imagine the good fortune of having a Waffle House within walking distance of home and the office. Yes, Waffle House number 1882 is one of the newest in the chain of over 1,600 stores. Strategically located within stumbling distance of Auburn’s downtown college bars, it’s attracted some of the most decorated wait staff in the chain.

On a sultry mid-morning trip to the restaurant, I noticed that my server’s name tag was cluttered with gold pens and a red star. When asked what it takes to get a red star, Andrea said, “Oh, it just means I can train people.” The gold pins? “I’ve been here a long time,” she said, before turning to the shift manager, asking if they could please turn up the air. “Even the customers are complaining,” she said in a low but authoritative tone.

Hayden’s Note:

This is a really great read.  I highly suggest not only reading this review, but check out the book itself.  Highly entertaining while offering an easy to digest – no pun intended – explanation of the inside world of banking, finance and capital....

Kevin Hayden – TruthisTreason.net

TruthisTreason.net – Kevin Hayden

Source: International Forecaster - Bob Chapman

What the world is experiencing today did not happen by chance, it was planned that way.

What Congressman Louis McFadden said of the “Great Depression” is as true today as it was in the 1930s. As Chairman of the House Banking Committee he said, “It was no accident; it was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”

What you are experiencing economically and financially today is nothing new. Just study history all the precedence is there. The bankers and their willing helpers do the same thing over and over again. As we have said often what these banks represent is corporatist fascism and monopoly. Through their great wealth they control most governments and their court systems. That is why your elected representatives do not listen to you. They have already been purchased by Wall Street and banking. These are the same people who have financed most wars on both sides for centuries....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

David Rosenberg provides the key bulleted market observations that have marked the broad capital markets over the past few months.

• $950 billion of paper equity wealth has been wiped off the map in the past six weeks.
• The Dow is below 12,000 for the first time since March 18th.
• The Transports are down more than 8% from the nearby highs and are down for the year as well
• The Transports/Utilities ratio has broken down to its lowest level since November 9th of last year.
• The Nasdaq is now down for the year (-0.3%)
• The Russell 2000 index is also down for the year (-0.5%).
• The S&P 500 is just 1.1% away from seeing the same fate.
• The S&P 500 has declined in each of the past six weeks, the longest losing streak since June-July 2008.
• The S&P 500 has fallen below its 150-day moving average after breaking below the 50-day and 100-day trendlines earlier in this corrective phase; the 200-day is the next level of support.
• For the Dow, this is the longest string of weekly declines since the Fall of 2002.
...

TruthisTreason.net – Kevin Hayden

Source: Margo D. Beller – CNBC

Wall Street Baffled by Slowing Economy, Low Yields: Trader

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

TruthisTreason.net – Kevin Hayden

Hayden’s Note:

As you read this article, please keep in mind that just a short time ago, martial law was threatened on the Congressional floor if the bailouts didn’t happen.  Now, some say that was merely a Congressional ‘procedural term’ but I’m still up in the air about it.  Either way, know that certain elements of our system routinely employ intimidation to get what they want – Constitutional or otherwise.

Source: Money and Markets

Consider this doomsday scenario: Catastrophic impacts felt by every American.

A broad range of government payments stopped, limited, or delayed, including military salaries, Social Security, and Medicare payments, interest on debt, unemployment benefits, and tax refunds.

Sharply higher interest rates and borrowing costs, declining home values, and reduced retirement savings for Americans.

In sum, a financial crisis more severe than the crisis from which we are only now starting to recover.

My words? Not a single one!

They are all taken directly from a widely distributed Treasury Department letter dated exactly one week ago.

The letter is addressed to Speaker of the House John Boehner....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

A game of 20 questions with the Fed Chairman…

1. The rescue packages in 2008-2009 were all aimed at restoring CONFIDENCE to the financial system.  Yet from 2001 to 2011 the DXY is down 41.5 and gold is up 473%. Does this not equate to a loss of confidence in the US monetary system? If not how would you explain this phenomena?

2. In March of 2009 you said the ONLY reason you care about Wall Street is because of the affect it has on Main Street. You wanted to become Fed Chairmen to make things better “for the average person”. You have been Chairmen since 2006, do you believe you have accomplished your goal? And if so how?

3. In March of 2009 you stated that “many mistakes were made leading up to the crisis of 2008″, chief amongst them was “enormous amounts of savings has flowed into the United States, and some other industrial countries. That savings has come from China and East Asia. It’s come from oil producers. And it has– and hundreds of billions of dollars, it has come into our financial system....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

Feeling like the daily dose of objective “truth” from Tim Geithner’s latest media circuit has got you down? Fear not: here is MarketWatch’s Paul Farrell summarizing the 10 ways in which the very system is destroying America, to lift your spirits up. To wit: “Doomsday Capitalism? Capitalism is killing America? Yes, that’s the message in my tenth book. “Doomsday Capitalism, 10 Self-Destructive Trends.” But you’ll never see it in print. No one, even book publishers want to read this truth: Capitalism is destroying America. Why? Super-Rich Capitalists get rich off these macro trends. They want happy talk. Back in 2007, Vanguard founder Jack Bogle called my warnings “prescient.” But that didn’t stop the meltdown. Next time financial historians warn of a bigger meltdown; a total collapse has been the destiny of every nation for eight centuries. This time, capitalism is the saboteur.” Cheerful stuff.

10 Doomsday trends America can’t survive

Capitalism has become a religion for the Super Rich, with many such “saviors.” Heresies must be denied, such as this one: Doomsday Capitalism is destroying America from within....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

In an brief two paragraph blurb on its brand spanking new blog Liberty Street Economic, a post by “Blog Author” (one wonders if the New York Fed is as cheap in providing its bloggers with a blogging facilities as it is when “giving” the POMO interns Bloomberg terminals), the FRBNY provides a trite if enjoyable summary of the thinking that prompted the creation of the Fed, courtesy of one F.A. Vanderlip, president of Citibank, which apparently was as insolvent back in 1907 as it is now. The premise: the Fed is the cause of monetary stability and the prevention of “disorderly retreats or advances.” That’s actually supremely ironic because as John Lohman points out the main trade off, namely the 2,313% increase in CPI, ended up shafting the market to an even bigger crash in 2008 than the panic of 1907. But at least in the interim 101 years the Fed’s overlords from Wall Street, managed to steal over 98% of the wealth of Americans in the form of shadow currency devaluation better known as inflation....

Source: Global Research

This essay is about three recent books that explain how we lost our economy, the Constitution and our civil liberties, and how peace lost out to war.

Matt Taibbi is the best–certainly the most entertaining–financial/political reporter in the country. There is no better book than Griftopia (2010) to which to turn to understand how stupidity, greed, and criminality, spread evenly among policymakers and Wall Street, created the financial crisis that has left Americans overburdened with both private and public debt. Taibbi walks the reader through the fraudulent financial instruments that littered the American, British, and European financial communities with toxic waste. He has figured it all out, and what in other hands might be an arcane account for MBAs is in Taibbi’s hands a highly readable and entertaining story.

For the first 65 pages Taibbi entertains the reader with the inability of the public and politicians to focus on any reality. The financial story begins on page 65 with Fed chairman Alan Greenspan undermining the Glass-Steagall Act leading to its repeal by three political stooges, Gramm-Leach-Bliley. This set the stage for the banksters to leverage debt upon debt until the house of cards collapsed....

Source: Zero Hedge

The Securities and Exchange Commission today announced insider trading charges against a Westport, Conn.-based business consultant who has served on the boards of directors at Goldman Sachs and Procter & Gamble for illegally tipping Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings at both firms as well as an impending $5 billion investment by Berkshire Hathaway in Goldman.

Hayden’s Note:

This proves once again that the real enemy of the State is Wall Street.  How much insider trading goes unnoticed?  And by whom? 

The SEC’s Division of Enforcement alleges that Rajat K. Gupta, a friend and business associate of Rajaratnam, provided him with confidential information learned during board calls and in other aspects of his duties on the Goldman and P&G boards. Rajaratnam used the inside information to trade on behalf of some of Galleon’s hedge funds, or shared the information with others at his firm who then traded on it ahead of public announcements by the firms.

The insider trading by Rajaratnam and others generated more than $18 million in illicit profits and loss avoidance....

TruthisTreason.net

Source: Global Research

The Federal Reserve was set up by bankers for bankers, and it has served them well.  Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no “quantitative easing” for municipal governments. 

On January 7, according to the Wall Street Journal, Federal Reserve Chairman Ben Bernanke announced that the Fed had ruled out a central bank bailout of state and local governments.  “We have no expectation or intention to get involved in state and local finance,” he said in testimony before the Senate Budget Committee. The states “should not expect loans from the Fed.” 

So much for the proposal of President Barack Obama, reported in Reuters a year ago, to have the Fed buy municipal bonds to cut the heavy borrowing costs of cash-strapped cities and states. 

The credit woes of state and municipal governments are a direct result of Wall Street’s malfeasance....

Source: Various

TruthisTreason.net

Update at bottom – Cause of death: Blunt Force Trauma from Attack

On December 28th, 2010, John Wheeler III boarded a train in Washington and eventually ended up in a landfill.  Newark Police are investigating the death of John Wheeler III, but because of his work at the Pentagon, there has been some communication with the FBI, according to Newark police spokesman Lt. Mark Farrall.

Wheeler was a Pentagon official in three Presidential administrations, working for Presidents Reagan, Bush I and Bush II, and was instrumental in helping build the Vietnam Veterans Memorial.  According to a USA Today article, Wheeler also worked as a lawyer on the Securities & Exchange Commission (SEC), helped found the Earth Conservation Corps under President George Bush I and was later CEO of Mothers Against Drunk Drivers during Bush I′s presidency.

Hayden’s Note:

He was no mere lawyer for the SEC – He was the Assistant General Counsel, Special Counsel to Chairman, and Secretary, for the Securities and Exchange Commission from 1978-1986.  His work included major insider trading investigations.  Hmmmm.

When Wheeler was murdered, he was working as a consultant for a defense contractor named Mitre, which–according to the company website–deals in “aviation system development, defense & intelligence, federal sector modernization and homeland security.”  Mitre is now working the field of Unmanned Aerial Vehicles (UAVs), one of the fastest growing sectors of defense contracting, where a virtual treasure trove of taxpayer dollars are being paid to private and public corporations....

Source: BlackListed News

If you took an opinion poll and asked Americans what they considered the biggest threat to the world economy to be, how many of them do you think would give “derivatives” as an answer?  But the truth is that derivatives were at the heart of the financial crisis of 2007 and 2008, and whenever the next financial crisis happens derivatives will undoubtedly play a huge role once again.  So exactly what are “derivatives”?  Well, derivatives are basically financial instruments whose value depends upon or is derived from the price of something else.  A derivative has no underlying value of its own.  It is essentially a side bet.  Today, the world financial system has been turned into a giant casino where bets are made on just about anything you can possibly imagine, and the major Wall Street banks make a ton of money from it.  The system is largely unregulated (the new “Wall Street reform” law will only change this slightly) and it is totally dominated by the big international banks.

Nobody knows for certain how large the worldwide derivatives market is, but most estimates usually put the notional value of the worldwide derivatives market somewhere over a quadrillion dollars.  If that is accurate, that means that the worldwide derivatives market is 20 times larger than the GDP of the entire world.  It is hard to even conceive of 1,000,000,000,000,000 dollars....

Source: Zero Hedge

Paul Farrell lights it up in his latest market commentary, which puts even some of the more hard-core realists out there to shame: “Wall Street is a loser. Stocks are Wall Street’s ultimate sucker bet. And it’ll sucker you again. You’ll lose, worse than in the last decade. Wake up before Wall Street banks trigger the next meltdown, igniting mass bankruptcy.” Um, wow. And seeing how we have been saying that only absolutely immaculate top tickers should be in this market, we agree wholeheartedly with Farrel.

And here are his 10 reasons to stay away until after the next crash, via Market Watch.

1. American stocks are a high-risk sucker bet

That’s the view of Peter Morici, the former chief economist at the International Trade Commission: that U.S. stocks are a sucker bet. Is Main Street waking up to Wall Street’s con? Maybe. “With corporate profits breaking records, Wall Street anxiously anticipates the return of the individual investors to the stock market. It may be a long wait, because the little guy may have concluded investing in stocks is a sucker bet.”

America’s divided into two stock markets: one for Wall Street’s rich insiders, another for Main Street’s suckers: “Investors, as opposed to traders, buy stocks in companies whose profits they expect to rise....

Kevin Hayden

TruthisTreason.net

Philadelphia Downgraded By Moody’s (A1 To A2)

First the city of Hamtramck filing bankruptcy, now this… From Moody’s: “The downgrade to A2 reflects continued weakness of the city’s finances, which had improved from 2005 to 2007, but deteriorated in fiscal 2008 and 2009, and improved in 2010, but continue to face challenges in the coming few years. Although fiscal 2010 results are favorable, General Fund balance remains negative, both on a budgetary and GAAP basis, and we believe the city has little budgetary margin over its five-year plan which includes significant repayment of deferred pension contributions in 2013 and 2014.

.

Gary Shilling Sees `Significant’ Stock Selloff Within 12 Months

.

Is There A More Innocent Explanation For The Revival Of HR3808?

Over the past day, some have gotten concerned that the reappearance of HR3808 on the floor of the House may be another shadow attempt to override the president’s veto which could, if passed, ameliorate the fraudclosure situation (yet which if Diana Olick’s report about an imminent settlement is correct, may be moot as is). Courtesy of a highly ranked political advisor, we present an alternative view, stating that HR3808 is not about enforcing banker interests, but more about delineating the separation of powers between the president and congress....

Kevin Hayden

TruthisTreason.net

The Fraud Started At the Very Top: With Government Leaders

The government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”).

But it is not only a matter of covering up fraud that has already happened. The government also created an environment which greatly encouraged fraud.

Here are just a few of many potential examples:

• The government-sponsored rating agencies committed massive fraud (and see this)

• The Treasury department allowed banks to “cook their books”

• Business Week wrote on May 23, 2006:

“President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations.”

• Tim Geithner was complicit in Lehman’s accounting fraud, (and see this), and pushed to pay AIG’s CDS counterparties at full value, and then to keep the deal secret. And as Robert Reich notes, Geithner was “very much in the center of the action” regarding the secret bail out of Bear Stearns without Congressional approval.
...

Source: Wall Street Journal

Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to “rebalance” the world economy so it is less reliant on U.S. consumers, to move toward establishing “norms” on exchange-rate policy, and to persuade others the U.S. doesn’t aim to devalue its way to prosperity.

Hayden’s Note:

I stumbled across this late last night and found it pretty interesting.  On the surface, it would actually help ease currency wars and import/export problems faced by America.  It would put many countries on a more-even playing field.  While that sounds good and all, it’s a fairy-tale.  By forcing different currencies to align in value by simple G-20 decree, you undermine sovereignty.  While I will always side with the choice of “more freedom” I have to say – something along these lines might be the only thing to save us.  It would help in our current trade wars and trade deficit, but the world would lose more freedom and choice as a result.  Unfortunately, if by sticking to the “more freedom” approach we fail as a nation and crash, then let it be a lesson for the rebuild....

Kevin Hayden

TruthisTreason.net

What more can I say about gold and food inflation that every other finance, economic or statistical website hasn’t already? 

I know it’s exciting that gold is skyrocketing, but let’s keep in mind that the Euro is trading higher, as well.  By all means, acquire some precious metals for either bartering, investment or a simple store of wealth, but don’t get too caught up in the gold bugging that’s occuring everywhere.  Make long-term, sensible investments and diversify into tangibles, such as land, quality firearms, ammunition and even food.  I’m not promoting an “end of the world” scenario, but let’s look at food as an investment…

Wheat futures (for December delivery) have jumped well over 55% since July, along with just about every other commodity.

That WILL translate into higher food prices eventually (and very soon!).  Let’s say you spend, on average, $250/month at the grocery store.  Would a prudent investment not be to buy low?  Your $250 grocery bill will be $290 by the end of the year and will blow past $300-$325 by early next year if not more.  And that’s the “Positive, glass half full” outlook....

Kevin Hayden

TruthisTreason.net

Over the weekend, we all watched as gold and silver continued to climb at a steady pace, along with just about all commodities.  If you haven’t read my article, Get Out of the Dollar and Into Tangibles, I urge you to do so before the market becomes even more volatile.

In today’s links, your point of interest should revolve around the BoA Chief predicting the Nasdaq being down by 12%.  I’ve said time and time again that the markets are for suckers, no offense.  The markets are volatile anyway, but I consistently see it drop 150 points, and then a “suckers rally” brings it up 65.  The next day it’s down another 50 points, and the suckers rally brings it back up a few.  On the long-term charts, we’re not gaining anything and before long, the bottom will drop out as the Fed continues to monetize US debt (prints money and buys bonds), other countries race to devalue their own currency against the dollar as it rapidly descends (also known as crashing, haha) and more consumers move into tangibles and precious metals. 

Now, this isn’t a recommendation to buy or sell, but if the daily news headlines are any indication, you should have exited the market and moved into tangibles, metals or commodity futures.  That’s just my opinion....

Source: Web of Debt

via Blacklisted News

While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated.  The banking system’s credit machine is systemically flawed and needs a radical overhaul.

On September 13, the Bank for International Settlements issued heightened capital requirements that will make lending even more difficult for local banks, which do most of the consumer and small business lending today.  The new rules are ostensibly designed to prevent a repeat of the 2008 credit collapse, but they fail to address its real cause, which involves a “shadow” banking system that has largely escaped regulation.

What went wrong in September 2008 was not that the existing Basel II capital requirements were too low but that banks found a way around the rules.  The Basel II rules base a bank’s capital requirement on how risky its loan book is, and banks can make their books look less risky by buying unregulated “insurance contracts” known as credit default swaps (CDS)....

Source: Activist Post

By David Redick

The creation of fiat official government money has had a profound effect in history and on our nation and the world today. “Fiat” means it is worth whatever the government says it is (its face value), although the material of which it is made may have more or less intrinsic market value.  Examples would include both valuable silver dollars and worthless paper, each declared to be worth $1; and today’s American Eagle bullion coin with a face value of $50 for one ounce of gold. 

Normally, when a country creates too much fake money, sellers avoid it for payment, or stop buying its bonds due to its falling value, and the party is soon over. However, the U.S. is in a unique position never seen in the history of the world. Our fiat paper money is the primary de facto world’s “reserve currency” (anyone will accept it for payment and keep it as cash, or as a dollar-denominated asset; banks keep it as their reserves, like gold). We can create new money out of thin-air, and sellers of goods and services worldwide will accept it....