Charles Hugh Smith: EU Leaders Throw Europe a Plutonium Life Preserver
As Europe flails helplessly in the waves of insolvency, its leadership has tossed it a life preserver. Too bad it’s plutonium, and will take Europe straight to the bottom. Plutonium is of course one of the most toxic materials on the planet, and the “rescue” cooked up by the EU leadership is the financial equivalent of plutonium.
Stripped of propaganda and disinformation, the “rescue” boils down to this: Continue reading
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Given the vast armies of toadies, lackeys and prostitutes at their command, the Power Elite likes nothing better than “illegal action” which it can then ruthlessly suppress (truncheon-wielding cops, media smears, financial harrassment via the agencies of regulation/enforcement, etc.)
This is why I favor direct, perfectly legal action by individuals and households to divest themselves of servitude/complicity in the Status Quo. Max Keiser’s campaign to cripple Power Elite speculators in silver is one example: if 100 million households each bought 10 ounces of physical silver, that would completely disrupt the speculative game played by Wall Street.
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Posted in guest blog, Headlines
Tagged charles hugh smith, occupy wall street, ows, Silver Liberation Army, sla
Stacy Summary: As we always say here, the Empire is collapsing in the same manner and for the same reason as all others before it did.
We as a people are so frightened of not merely death but of any sort of damage to our person or property—no matter how minor or trivial—that we have allowed our country to rot and decay, while expecting—demanding—that our military and security apparatus protect us from absolutely everything and anything, no matter how trivial, unlikely, or outright imaginary.
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There are some that since 2001 have doubted the bull market in precious metals. In these past six weeks, however, everyone from former silver bulls to those who sell freeze dried chicken sh*t for a living are out shrieking the bears on the shriek factor. Do a google search and you will find hundreds upon hundreds of references to Hunt brother days. Bubble. Hunt Brothers. Suckers. Bubble. 1980. Bubble. Lose money. Bubble.
What the heck is going on???? Is the sky falling? Should we retreat? Continue reading
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Attention all SLA members – see chart below – This reversal in Silver is a near-perfect echo of the ‘wall of worry’ experienced by Silver longs in ’79 before the big move higher. In both cases Silver had risen around 1000% from its secular low before taking a well-deserved breather and shaking out the weak hands. In 1979, just like 2011, we also saw a brief reversal of the parabola leading to a 25% short-term drop in Silver before it went into ‘Saul on the road to Damascus’ mode a month or so later. The conditions for a genuine squeeze are far more apparent today than they ever were in 1979/80, so I see no reason to doubt either that we will see such a squeeze in due course or that we will see continued currency debasement an a global scramble to switch paper for physical metal.
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Congress should think twice before forcing a government shutdown as the consequences could be the loss of the power of Congress to control spending through authorization and appropriation bills. Continue reading
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Stacy Summary: I know Max slammed this for some reason; but this article on LewRockwell.com states my thoughts exactly on seeing John McCain sharing his vitriol with us on the latest massacre in America:
When John McCain angrily weighed in on the Tuscon shootings, I was reminded of his 2008 presidential campaign song-and-dance that went “bomb, bomb, bomb Iran.”
I thought the same thing when I saw Pres. Barack Obama pausing for a moment of silence; and I thought of all the thousands of innocent people that have been killed in Pakistan and Afghanistan on his direct orders by a no less cold and calculated act of violence.
Where I disagree with the author is his exoneration of Sarah Palin who fits in exactly with these other politicians mentioned above, albeit a wannabe one. She speaks in code and innuendo like a demented advertisement and that always makes me suspicious of anyone, let alone someone striving so obviously to impose her ‘real America’ on us all.
We would be better served not by physically attacking the state or its sociopathic operatives, but in walking away from them.
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Posted in guest blog, Headlines
Tagged citizen journalist, housing bust, housing crash, port richey
Stacy Summary: Janet Tavakoli’s latest piece on Huffington Post about THE topic of our era, the great inflation/deflation debate.
Meanwhile, the financial system has strangled U.S. growth by parasitically growing from 3% of GDP in 1965 to 7.5% of GDP currently. As Jeremy Grantham pointed out in his quarterly letter to investors, financial services were sufficient for the economy when they were 3% of GDP, but that sector grew by strangling GDP growth elsewhere. The nation’s GDP growth slowed from 3.5% in 1965 to 2.4% between 1980 and 2007, and the slowdown occurred before our current crisis.
In other words, our bloated financial sector has been sucking the life-blood out of the U.S. economy for years, and recent decisions insure it will continue to feed off taxpayers, while the host economy struggles for life.
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Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore
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A Lightning War for Liberty
