Friday, July 21, 2017

Bill Gross Warns: Central Banks Could Lead Us into a Global Recession


Bond guru Bill Gross is warning about looming interest rate increases and the damage they can do to a debt-laden global economy.

In his monthly investor outlook, the Janus Henderson Advisors fund manager said the course of global central banks toward tightening policy could be perilous for the economic recovery. Raising interest rates will increase the cost of short-term debt that corporations and individuals hold.

In the U.S. alone, households have $14.9 trillion in debt while businesses owe $13.7 trillion, according to the Federal Reserve.

"While governments and the U.S. Treasury can afford the additional expense, levered corporations and individuals in many cases cannot," Gross said.

The Fed is on a course of gradual rate increases, with financial markets expecting it to approve one more rate hike this year. In addition, other central banks are pulling the reins on bond-buying and other liquidity programs aimed at injecting cash into their respective economies.

Gross charged that the adherence of central bankers to hard-and-fast rules that govern when they should tighten policy has "distorted capitalism as we once knew it, with unknown consequences lurking in the shadows of future years."

For instance, he cast doubt on the belief it takes short-term interest rates exceeding longer-term rates — a condition known in economist as an inverted yield curve — to produce a recession.

- Source, CNBC

Monday, July 17, 2017

False Silver Flash Crash vs True Banking Risks


Did you catch silver's recent flash spike, where the world's silver market cap lost over 6% in seconds, before eventually recovering? Ever wonder how the entire free world's silver market can be so shockingly volatile - far beyond what could possibly be caused by the actual metal volume that changes hands? 

Craig Hemke, former stock pro and founder of TFMetalsReport, returns to Reluctant Preppers to update us on: Gold & Silver market action & fundamentals, cryptocurrencies, and geopolitical risks we need to be aware of. Hemke spells out preparedness priorities and offers insight on how to resist herd mentality & discouragement as you take care of insuring and protecting your family.


Friday, July 14, 2017

Kevin Lawton – Cryptos Are Speculation Not Currency?


Kevin Lawton recently wrote a Kindle short titled “Beyond the Bitcoin Trap: A Crypto Currency for Human 2.0” and predicts, “This year is going to be the year of volatility in Bitcoin price. I expect liquidations, but it’s like a tug of war. There are reasons for people to tug the price up . . . then on the regulatory side, for example, prices could go down. Then someone could legitimize Bitcoin and you could get the price up. So, you got this tug of war going on. 

My big message is volatility, and know what’s going on so you can protect yourself. . . There is really not utility in using Bitcoin as a currency at the moment because of transaction speed and because of the price volatility. . .Bitcoin is still not very usable as a currency. . . . At this moment in history, crypto currencies are not really currencies. They’re a speculative bet. There are a lot of reasons for them to go up big, but there are reasons you could get completely monkey hammered.”


Monday, July 10, 2017

Bob Moriarty: Who, What and Here’s Why


Bob Moriarty, the founder of 321gold and 321energy, sits down with Maurice Jackson of Proven and Probable to share his thoughts on politics, geopolitics, junior mining companies and precious metals. Bob is legendary in the industry for sharing his no nonsense approach and acumen for identifying deep value propositions overlooked by the speculators. Highlights: Geopolitics, Global Debt, Gold, Silver, Platinum, Palladium, Rhodium, and 3 Exclusive Issuers that have Bob’s attention.

- Source, Sprott Money

Thursday, July 6, 2017

The Broken States of the Union

For the first time in US history a handful of US states is teetering on the edge of bankruptcy. Illinois is about to be downgraded to junk bond status, which will turn its financial problems catastrophic overnight. Illinois cannot possibly pay its accumulated debt, its unpaid medicaid expenses and its future retirement obligations, so bankruptcy almost certainly will be its only way out.

Main, Connecticut, Kentucky and California are also caught in chronic budget deadlocks that may lead to bankruptcy as a solution for dodging their entitlement obligations. Bear in mind they’re called “entitlements” because it’s money promised to you that you already put in the work to earn. It’s your retirement. Illinois, for example, has over $200 billion in pension obligations that will never be paid or that can only be paid at a greatly diminished level worked out in some form of effective bankruptcy.

That’s a problem that is only solved by turning it into a worse problem for others. Illinois will end its problems by making certain that for the next quarter century, a good portion of the now retiring baby-boom population is dirt poor and must be carried by the younger population as dead wait (if not exterminated) because the retirement they planned in order to responsibly carry themselves through their final years isn’t there.

Instead of the state not being able to pay its bills, bankruptcy means that hundreds of thousands of retirees won’t be paying theirs, which means the people they owe money to will be going broke, and so the problem trickles down. State bankruptcy merely shifts the burden so that legislators don’t have to deal with it but you do. And it’s inevitable because the alternative is that you pay for it through much higher taxes. The state is you.

The Federal government won’t be solving the state budget problems either because it plans on dumping heavier medicaid expenses back on all states as it repeals Obamacare to help solve its own budget problems amid its own deadlock. Like the states, its own Social Security funds are going broke, so it faces its own massive entitlement problems. And, if it bails out one failing state, it will be expected to bail out all others that face such problems.

With Illinois effectively reaching bankruptcy and a likely catastrophic credit downgrade this summer, the problem finally starts coming to a head where everyone is forced to see how decades of government debt accumulation end, and that end looks something like this in real terms:

Illinois, as the bellwether example, has already stopped paying the contractors who fix roads and other infrastructure. That means the contractors will now stop fixing the roads and won’t be paying their employees, and broken roads don’t get corn and beef to market. Illinois has stopped paying doctors. That means the doctors will stop fixing people. Illinois has refused to pay its lottery winners (even though it took the money from all the suckered ticket buyers). That means there will no more lottery to raise state money because there will be no more ticket buyers. That means the state’s budget problems just got worse, so Illinois soon won’t be paying state employees or pensioners.

It sucks when your entire state goes broke. You see, you can keep kidding yourself — as our entire nation has for the decades that I’ve been complaining about this — that you’re going to take care of everyone on welfare with endless debt spending or that you’re going to maintain huge military power to control the world with debt spending; but eventually you pile up state or federal debts so high that you wind up not paying anyone, including the welfare recipients or the soldiers in your military.

Like the US government, the State of Illinois has been operating without a real budget for more than two years, operating dysfunctionally during that time by court-ordered stop-gap measures because the legislature is deadlocked as politicians refuse to accept reality; so, Illinois has now reached the same financial status as Puerto Rico.

Illinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering “banana republic” territory…. Reports have suggested the state could be the first to attempt to declare Chapter 9 bankruptcy — but under the law, that’s impossible unless Congress gets involved….. “Illinois is the fiscal model of what not to do,” Rep. Peter Roskam, R-Ill., told Fox News, while not commenting on the bankruptcy question. “This avoidance in behavior toward dealing with our challenges is what leads to the devastating impacts we are seeing today.” (Fox News)

And, for Illinois, the problem is that they cannot kick the can down the road any further because the next credit downgrade will make it impossible for them afford their current debt, which is really already impossible. Creditors will become much fewer and more expensive when Illinois becomes the first state of the union to hit junk-bond status and maybe the first to declare bankruptcy since the Great Depression, when Arkansas found itself “plain flat broke” and became the only state to ever default on its bonds (showing it can happen), effectively declaring its own bankruptcy, even if not sorted out through the federal courts. (Eventually, years later, Arkansas paid their bond holders.) Already, the Illinois ten-year bond yields are at 5.2%; but the world becomes exponentially worse when you hit junk-bond status and entire large institutions become outlawed from financing you.

“We have a very real deadline looming,” Senate Republican Leader Christine Radogno told Fox News. “The alternative to not finding a compromise will be devastating to Illinois.”

With or without bankruptcy, the state is already badly defaulting on its obligations. Bankruptcy is just a more orderly way of deciding who is not going to get paid and by how much. But the not getting paid part? Already here, and nearly a dozen states are falling into this kind of severe condition. The issue with state bankruptcy is that bankruptcy court is federal, putting state budgetary sovereignty under state’s rights under federal determination; but it can be done:

David Skeel, a law professor at the University of Pennsylvania wrote outright that, “The constitutionality of bankruptcy-for-states is beyond serious dispute.” The key, as he sees it, is that bankruptcy would be entirely voluntary, which should eliminate any concerns about Federal intrusion on state sovereignty. (Zero Hedge)

And it has been done long ago and is now here again.

Economic denial is about to square up to economic reality, and reality always wins! Eventually, economic reality forces your hand in a catastrophic solution because of your profligate ways. Eventually, you end up as a truly cashless society. This summer, we get to watch that play out in Illinois to get a sense of what it will look like elsewhere.

At the end of the day, a broken state is a broken you.

The motto of the State of Illinois, Land of Lincoln, who held this great national union together, is “”State Sovereignty, National Union.”

Illinois is all of us.


Monday, July 3, 2017

Welcome To The Third World: Illinois About To Default?

The train wreck that is the state of Illinois has generated a lot of questions lately, including “Will its government ever pass a budget?”, “Will it ever pay its overdue bills?”, and “Is it possible for a state to go bankrupt?”

Looks like we’re about to get some answers to these questions, along with one more: “What happens to the financial markets when people finally realize that Illinois is far from the only impending bankruptcy?”

Today’s Wall Street Journal has an anecdote-filled article illustrating what certainly looks like a case of terminal financial mismanagement ( How Bad Is the Crisis in Illinois? It Has $14.6 Billion in Unpaid Bills):

Among the many, many data points:

  • The state comptroller predicts unpaid bills will soon top $16 billion. “It is almost hard to say those numbers out loud because they seem so insane, but that’s where we are right now.”
  • Unfunded pension liabilities now total $250 billion. That’s about one-third of state GDP, and is in addition the myriad other debts taken on in recent years.
  • S&P Global Ratings has warned that it could lower the state’s rating to junk as early as this week if a budget isn’t passed.
  • Peoria-based OSF Healthcare, a network with 10 Illinois hospitals, is owed about $115 million for bills over four months old, the equivalent of 18 days of operating expenses.
  • The state owes Illinois dentists $225 million. Some dentists with lots of state workers are selling receivables to keep the lights on. Others are asking state employees to pay in cash.
  • The state owes two Springfield hospital systems more than $200 million.
  • The Coliseum building at the state fairgrounds closed indefinitely earlier this year after the state failed to fund needed repairs.
  • Eastern Illinois University has received $53 million less in state funding in the past five years than the previous five. Professors in the chemistry department haven’t been able to print in color since the department’s printer ran out of yellow ink a year ago. Enrollment has fallen from 12,000 to 7,000 in the past decade.
  • If the state doesn’t pass a budget in the current special legislative session or allocate emergency funding, about 700 road projects under way across the state—worth $2.3 billion and employing 20,000 people—will come to a stop.
  • Some social-services agencies are operating without state help while others have closed entirely, leaving some rural communities without mental-health clinics, domestic-violence shelters and drug-treatment clinics, despite a raging opioid crisis.
  • Illinois has lost more residents than any other American state for the third year in a row, with 90% of the state’s counties seeing a drop in population, shrinking the state’s tax base. In 2016, a net of 37,508 people left, according to census data, putting the population at its lowest in nearly a decade.

The impending downgrade to junk status might be the final push off the cliff, since Illinois – despite a constitution that kind-of-sort-of requires a balanced budget – still borrows a lot of money each year, mainly to fund its out of control pension system. As a junk-rated borrower, its interest costs will be much higher, making its financial imbalances that much worse. Assuming that anyone will lend money to the state on any terms.

Here’s a chart from CNBC showing how swift the fall from investment-grade has been:


Soon the junk line will be crossed, at which point it will become clear to everyone that the problem is unfixable and one or another doomsday scenario is imminent.

- Source, Sprott Money

Thursday, June 29, 2017

Gold, Silver, & A Once In A Decade Opportunity


The US dollar is starting to roll over, says Rick Rule, president and CEO of Sprott US Holdings. This is bullish for gold, silver, and mining stocks.

In the mining sector, Rule explains how a once in a decade opportunity for takeover arbitrage may be developing.

Rick Rule also discusses the stock market, uranium stocks, and the cobalt market.



Monday, June 19, 2017

Michael Pento Issues Warning: Stock Market Crash by Year End


Sprott’s Michael Pento Joins Us For A BOLD Prediction…

Michael Pento forecasts a stock market crash and beginning of a recession by the end of the year or early next year…

The inversion of the yield curve (when short-term interest rates yield more than longer-term rates) has correctly predicted the last seven recessions going back to the late 1960’s. Pento says this kind of inversion is happening now. With interest rates still extremely low, the Fed will have few options but to balloon the money supply. Inflation hear we come!


Thursday, June 15, 2017

Who Controls All of Our Money?


Most people’s lives are dedicated to money. It’s all people ever worry about or talk about. People train to learn the skills to get jobs to trade hours of their lives for money. But where does money come from? And who controls it? This 21-minute video from ColdFusion explains it all.


Monday, June 12, 2017

Crypto Currencies vs The Banksters and the Banksters Are Losing


Regarding the crypto currency space, when asked if it's in a bubble Clif responds emphatically, "We are in a bubble actually, but we're not in a crypto bubble. We're in a Dollar bubble. The whole planet is so flooded with Dollars that bubble is popping. And so that bubble is popping right at the moment, and some of that is going into cryptos and some of it can be expected to go into precious metals. But there's so many Dollars in this bubble that they're not able to fit through the narrow openings that we have into the precious metals space and into the crypto space. And that's what we're watching at the moment."

And as for the bankers VS. the crypto currencies, "The powers that be a freaking out because they're losing. They didn't anticipate the springing of cryptos. It was universe providing us the opportunity to express ourselves outside of the slave system that has been imposed on us and it's got them all freaked out because they can't close these doors once universe makes them."


Friday, June 9, 2017

China Makes Move To End The Dollar! Petro Dollar Collapse Coming?


China Now Pressuring Saudi oil exports be sold in Yuan. The Dollar Collapse is becoming a very real danger as a concerted effort to dethrone King Dollar as the world reserve currency. 

The Petro Dollar status now looks more fragile than ever. China takes aim directly at the central point of strength to our very fragile fiat currency.


Thursday, June 8, 2017

Even If Everything James Comey Is Claiming Is True, There Is Still No Evidence That Trump Is Guilty Of Any Crime

Democrats are hoping that the testimony that former FBI Director James Comey will deliver on Thursday will be enough to take Donald Trump down for good. Comey released a written preview of his testimony on Wednesday, and it was obviously intended to draw even more attention to what is already being described as “the most highly-anticipated Congressional hearing in decades”. CNN is breathlessly declaring that “James Comey just went nuclear on Donald Trump”, and Texas Democratic Representative Al Green is already planning to draft articles of impeachment even though the testimony hasn’t even happened yet. Unfortunately for those that would like to see Trump go, even if every single thing that James Comey is claiming is true (and that is a very big “if”), there is still no evidence that Trump is guilty of any crime.


There are many other things that we could discuss, but the core of this case is going to come down to a conversation that Trump and Flynn had on February 14th

Former FBI Director James Comey said President Donald Trump asked him to drop the agency’s investigation into former national security adviser Michael Flynn.

“I hope you can see your way clear to letting this go, to letting Flynn go. He is a good guy. I hope you can let this go,” Comey said Trump told him in an Oval Office meeting on Feb. 14.

The Democrats think that they can nail Trump to the wall with this. According to former White House ethics czar Norman Eisen, this testimony by Comey “is the equivalent of the Nixon tapes”

Eisen compared the news revealed in Comey’s testimony to former President Richard Nixon’s secret recording of his phone calls in meetings at the White House when he was in office, which eventually played a role in his resignation.

“This moves us into the same realm as Nixon’s obstruction, maybe worse,” he continued. “This is the equivalent of the Nixon tapes. We are headed into very, very choppy waters.”

And CNN’s “senior legal analyst” Jeffrey Toobin seems to be convinced that what Trump did was clearly “obstruction of justice”

“There is a criminal investigation going on of one of the President’s top associations he gets fired, he is under under investigation and the President brings in the FBI Director and says ‘please stop your investigation,'” said CNN’s senior legal analyst Jeffrey Toobin.

“If that isn’t obstruction of justice, I don’t know what is,” Toobin said.

I don’t know what law school Toobin attended, but he is clearly wrong on this point.

There are several federal statutes that could apply in this case, but the most important one is 18 U.S.C. § 1505. In order for obstruction of justice to be proven under 18 U.S.C. § 1505, there are a number of elements that must be clearly established. In this case, prosecutors would have an exceedingly difficult time proving that Trump acted “corruptly”, but the even bigger problem would be the fact that there was no “proceeding” taking place at the time.

This is what 18 U.S.C. § 1505 says…

Whoever, with intent to avoid, evade, prevent, or obstruct compliance, in whole or in part, with any civil investigative demand duly and properly made under the Antitrust Civil Process Act, willfully withholds, misrepresents, removes from any place, conceals, covers up, destroys, mutilates, alters, or by other means falsifies any documentary material, answers to written interrogatories, or oral testimony, which is the subject of such demand;  or attempts to do so or solicits another to do so;  or

Whoever corruptly, or by threats or force, or by any threatening letter or communication influences, obstructs, or impedes or endeavors to influence, obstruct, or impede the due and proper administration of the law under which any pending proceeding is being had before any department or agency of the United States, or the due and proper exercise of the power of inquiry under which any inquiry or investigation is being had by either House, or any committee of either House or any joint committee of the Congress–

Shall be fined under this title, imprisoned not more than 5 years or, if the offense involves international or domestic terrorism (as defined in section 2331), imprisoned not more than 8 years, or both.

And some of the greatest minds in the legal world agree with me that there is no obstruction of justice in this case. For example, consider what George Washington University law professor Jonathan Turley recently had to say about this

There are dozens of different variations of obstruction charges ranging from threatening witnesses to influencing jurors. None would fit this case. That leaves the omnibus provision on attempts to interfere with the “due administration of justice.”

However, that still leaves the need to show that the effort was to influence “corruptly” when Trump could say that he did little but express concern for a longtime associate. The term “corruptly” is actually defined differently under the various obstruction provisions, but it often involves a showing that someone acted “with the intent to secure an unlawful benefit for oneself or another.” Encouraging leniency or advocating for an associate is improper but not necessarily seeking an unlawful benefit for him.

Then there is the question of corruptly influencing what? There is no indication of a grand jury proceeding at the time of the Valentine’s Day meeting between Trump and Comey. Obstruction cases generally are built around judicial proceedings — not Oval Office meetings.

And Alan Dershowitz is also convinced that there is no way to prove obstruction of justice in this case…

Finally, there is the allegation of obstruction of justice growing out of President Trump’s firing of FBI Director James Comey and his alleged request to Comey to “let it go” with regard to his fired national security advisor Michael Flynn. None of this, in my view, rises to the level of criminal obstruction, because all of the president’s actions were within his constitutional and statutory authority. But even if it were a crime, it is unlikely that a sitting president could be indicted and prosecuted for what is alleged against Trump.

Turley and Dershowitz are both extremely liberal, but at least they are honest enough to give us a balanced assessment of what the law actually says on these matters.

If Comey is being accurate, Trump’s conversations with him may have been inappropriate, but no crimes were committed.

Of course that isn’t going to stop the Democrats from trying to impeach him. If this current angle fails, I am hearing that they are planning an all-out push to get rid of Trump if they are able to take back both the House and the Senate in 2018. Let us hope that does not happen, because it is extremely difficult to be an effective president with the threat of possible impeachment constantly hanging over you.

- Source, Michael Snyder via The American Dream blog

Wednesday, June 7, 2017

ISIS Terrorists Raid Iran Parliament, Mausoleum; Gunmen, Suicide Bombers Leave At Least Seven Dead

Terrorist attackers raided Iran’s parliament and opened fire at the Mausoleum of Ayatollah Khomeini a few kilometers south of the capital on Wednesday morning, in near simultaneous assaults that killed up to seven people, Reuters reported citing local media.


The first assault took place at 10.30am local time when the parliament was in session. Four gunmen walked into the parliament buildings and began shooting at visitors. Parliament is in lockdown and the police are reported by state media to be still hunting the gunmen. A bomb blast was subsequently reported at Iranian parliament killing one and injuring several, officials said as cited by local media.


In another incident, at least two people opened fire at the shrine of Ayatollah Khomeini. Several people are reported to have been injured there. One of the shrine attackers is reported to have killed himself by detonating an explosive vest. Another was shot dead.

ISIS has claimed responsibility for the attacks, AMAQ, a news agency close to the group, said. “Fighters from Islamic state attacked Khomeini’s shrine and the Iranian parliament in Tehran,” the news agency said.

The attackers killed seven people and wounded several others, Tasmin said. The news agency also said there were unconfirmed reports that the attackers had taken four hostages inside the parliament building, although according to a subsequent report by Iran's PressTV all terrorists at the parliament had been killed.

- Source, Zero Hedge

Tuesday, June 6, 2017

President Trump Slams the Dying MSM and Showcases His Recent Victory Against Terrorism

While starting a little later than usual, Trump unloaded his now traditional morning tweetstorm, where in a three tweet salvo the president first lashed out at the "FAKE MSM" accusing it of trying to stop him from tweeting and saying reporters “hate” his use of Twitter while criticizing election analysts that predicted he would lose. In a separate tweet he took credit for Monday night's diplomatic crisis in which a Saudi-led alliance cut ties with Qatar, accusing it of being the region's only source of terrorist funding.

In the first two related tweets, Trump said "The FAKE MSM is working so hard trying to get me not to use Social Media. They hate that I can get the honest and unfiltered message out,” followed by "Sorry folks, but if I would have relied on the Fake News of CNN, NBC, ABC, CBS, washpost or nytimes, I would have had ZERO chance winning WH," he added shortly after.


Addressing the topic of Trump's use of social media, on Monday, White House deputy press secretary Sarah Huckabee Sanders said that no one in the White House vets Trump’s tweets, following recent reports from the WSJ that as part of Trump's "war room" White House lawyers would seek to curb Trump's twitter usage.

"I think social media for the President is extremely important. It gives him the ability to speak directly to the people without the bias of the media filtering those types of communications," Sanders said.

In the aftermath of the latest London terrorist attack, Trump sent out a series of incendiary tweets Sunday and Monday criticizing the mayor of London after a terror attack in the city, and touting his "travel ban" on individuals from six majority-Muslim countries, in the process provoking a furious political response by UK politicians, some of whom demanded that Trump's invitation to the UK later this year be rescinded.

In a separate tweet, Trump appeared to take credit for the latest Gulf scandal in which many of Qatar's neighbors cut ties with the wealthy nation, saying that there cannot be funding for "Radical Ideology."

"During my recent trip to the Middle East I stated that there can no longer be funding of Radical Ideology. Leaders pointed to Qatar - look!"



As a reminder, on Monday Bahrain, Egypt, Saudi Arabia and the United Arab Emirates on Monday announced they were cutting diplomatic ties with Qatar, citing what they say is Qatar's support for extremist groups and its relations with Iran, which as the FT later reported may have been catalyzed by a $1 billion payment made by Qatar to Iran and various al-Qaeda spinoffs operating in the region. Some have alleged that the Saudi-led action was merely an attempt to scapegoat Qatar for ongoing support of terrorism in the region which as even Hillary Clinton noted previously includes not only Qatar but also America's biggest arms customer, Saudi Arabia.

In response, Qatar has denied any support for militant groups and says the crisis is being fueled by “absolute fabrications” and is a “violation of its sovereignty.” In the aftermath of the scandal, U.S. officials downplayed the growing dissension between Qatar and the four other Arab nations, saying the dispute would not affect the fight against ISIS. As Bloomberg reported earlier, Kuwait is trying to mediate the crisis between Qatar and its Arab neighbors Qatar's foreign minister said Tuesday.

In an interview with Doha-based satellite news network Al-Jazeera, Foreign Minister Sheikh Mohammed Bin Abdulrahman Al Thani said Kuwait's ruler had asked Qatar's emir to hold off on giving a speech about the crisis late Monday night.

Sheikh Tamim bin Hamad Al Thani "received a call from the emir of Kuwait asking him to postpone it in order to give time to solve the crisis," Sheikh Mohammed said. Still, the minister struck a defiant tone, rejecting those "trying to impose their will on Qatar or intervene in its internal affairs."

The state-run Kuwait News Agency reported Kuwaiti ruler Sheikh Sabah Al-Ahmad Al-Sabah spoke with Qatar's emir Monday evening and urged him to give a chance to efforts that could ease tensions. The call came after a senior Saudi royal arrived in Kuwait with a message from the Saudi king. An Omani diplomat traveled to Qatar on Monday.

- Source, Zero Hedge

Monday, June 5, 2017

President Trumps Travel Ban Retakes Center Stage After UK Terrorist Attacks

President Trump has come out, guns blazing once again via his twitter feed and renewed his support for the recently blocked "Travel Ban". 
Supporters of him have also taken up the mantle and are rallying the base in an effort to push through the barriers that are blocking this effort from taking place.

The US courts will be held directly responsible if a terrorist attack occurs on US soil in the coming months and they know this, but seemingly could care less.

Although the "Travel Ban" is now heading to the Supreme Court, being push there by the Justice Department, it is still going to take time to be enacted, and is likely be heavily watered down in order to be more palatable to the masses, who have become completely and utterly brainwashed by the politically correct cult they have adopted. 

These recent London bridge attacks have shown once again what happens when the West lets its guard down and allows the unfettered flow of immigrants, who have nothing but a hate filled ideology in their hearts into our countries. Take heed and note that this is indeed an invading force, and one that will stop at nothing to see our way of life and culture destroyed.



Western civilization is the greatest that has ever risen and is why many in the world have climbed out of poverty, hunger and misery. We are now throwing this all away at a whim, to appease the dying, clinically insane left, who would love to see our system destroyed in a cynical fashion.

We must not allow this to occur, we must resist, we must support Donald Trump and his effort to push through and enact the Travel Ban.

We must do this, or we will fall into the dustbin of history, along with so many other, once great nations. Don't say you weren't warned.


Friday, June 2, 2017

The Fed's Monetary Policy Is Undermining the System


Dr. Lacy Hunt does an excellent job of breaking down on exactly what the Fed is trying to achieve. He goes on to tell us that the Fed so behind far behind the curve that that it will leed to a very destabilizing situation. Debt is hurtling the US toward an economic crisis.


Wednesday, May 31, 2017

The Only Smart Thing Salon Said All Year: No 2018 Blue Wave, No Impeachment


The Democratic party is in full panic mode. They are hinging everything they have on their "we're not Trump" platform, yet Trump's popularity, even in highly biased polls, continues to tick higher, while they remain leaderless.

 Unfortunately for them, they are looking at utter defeat in the upcoming 2018 midterms, if recent past special elections have been an indication of future results.

Salon, a bastion of leftist insanity are known for their incredible bias against the right. They push story after story of hatred against anyone who doesn't agree with them, yet, even they can see the writing on the wall and are stating two things:

  • Trump will not be impeached.
  • There will be no 2018 blue wave.
If even they can admit this, then you have to ask yourself, what is wrong with the rest of these brainwashed fools? Are they truly that far gone? Is the cool aid really that good?

Styxhexenhammer breaks this down in one of his most recent videos, which have become highly politicized over the last couple years, much to the delight of many libertarians and Donald Trump supporters.

- Video Source

Tuesday, May 30, 2017

White House Slams False & Unverifiable CNN Claims Of Intercepted Russian Trump Threats

Seemingly dredging up old 'fake' news as new bombshells, CNN reports that Russian government officials reportedly talked about having possibly "derogatory" information about President Trump and some of his top aides during the 2016 presidential race.


As The Hill details, the officials' discussions were intercepted by U.S. intelligence, CNN reported, citing two former intelligence officials and a congressional source.

A source told CNN the information was related to finances.

Russians appeared to think "they had the ability to influence the administration through the derogatory information," the source said.

However, not only is The White House slamming the suggestions...

"This is yet another round of false and unverified claims made by anonymous sources to smear the President," a White House spokesman told CNN.

"The reality is, a review of the President's income from the last ten years showed he had virtually no financial ties at all. There appears to be no limit to which the President's political opponents will go to perpetuate this false narrative, including illegally leaking classified material."

The spokesman said the story plays "into the hands of our adversaries and put our country at risk."

But CNN itself admits this is all bluster:

...sources said the Russians claims "could have been exaggerated or even made up."

Sources declined to say specifically which aides were being discussed.

"The Russians could be overstating their belief to influence," said one of the sources.

Still, when has anonymous sourcing of unverifiable claims held the liberal media back from penning another Democrat narrative-confirming article to spoon-feed to the echo-chamber?


Monday, May 29, 2017

Three Leakers Of Classified White House Information Said To Be Identified, Expected To Be Fired


As reported over the weekend, having returned from his first foreign trip president Trump is preparing a "war room" in response to the barrage of Russian news blanketing the media, and plans to restructure the White House communications strategy and possibly staffing.

There have been rumors around Washington that press secretary Sean Spicer's job is in danger (and that Jared Kushner, the focus of much of the latest newsflow, may be forced to take a "step back") but the White House has denied these rumors. In an interview with Fox News' Jeanine Pirro earlier this month, Trump said Spicer has been "doing a good job but he gets beat up."

But the biggest issue plaguing the White House at this moment is the seemingly relentless leakage of confidential information surrounding Trump's activities, with Trump administration officials saying last week the recent high-profile leaks of classified information are "coordinated and timed."

And in a new development, CBS News has confirmed that three leakers of classified information at the White House have been identified and are expected to be fired.

According to CBS, "officials within the Trump White House believe leaks of Mr. Trump's conversation with Russian Foreign Minister Sergey Lavrov are a "deliberate attempt" by officials who are holdovers from President Obama's administration and are trying to damage the Trump presidency."

Last week, the Trump campaign released an email to supporters entitled "SABOTAGE," in which the campaign said, "There are people within our own unelected bureaucracy that want to sabotage President Trump and our entire America First movement."

The White House has yet to announce any terminations or staff reallignment. Instead, overnight Trump took another swipe at reports that his Twitter privileges may be removed, saying that "the Fake News Media works hard at disparaging & demeaning my use of social media because they don't want America to hear the real story!"

- Source, Zero Hedge

Wednesday, May 24, 2017

Petrified: Is JPMorgan Preparing For A Massive Silver Spike?


Silver is up $1 and gold up $100 off recent lows. What’s going on behind the scenes? Bill Murphy joins Silver Doctors to reveal... Murphy says JPMorgan is manipulating the price of silver. The silver market could get "chaotic" if it breaks through $21/oz. JPMorgan is "petrified," Murphy says.




Monday, May 15, 2017

Rumors Swirl: Intelligence Sources Report That A Secret Indictment Has Been Issued Against President Donald Trump

A new report circulating on left-leaning internet channels says that a secret indictment has been issued against President Donald Trump. Details surrounding the indictment have yet to be released, but should it actually exist, would likely be related to alleged connections that President Donald Trump has ties to Russia.

The report originated on the Patribotics Blog from investigative journalists Louise Mensch and Claude Taylor, both of whom have previously disclosed accurate reports regarding FISA warrants and other information related to the Trump-Russia investigation, but have also been accused of filing numerous unsubstantiated reports and conspiracy theories.

According to Mensch and Taylor, intelligence and justice community sources say that a sealed indictment against the President exists, but because of the U.S. Constitution prosecution cannot move forward until the President is impeached by Congress:

Separate sources with links to the intelligence and justice communities have stated that a sealed indictment has been granted against Donald Trump.

While it is understood that the Supremacy Clause of the Constitution means that, until Mr. Trump is impeached, he cannot be prosecuted, sources say that the indictment is intended by the FBI and prosecutors in the Justice Department to form the basis of Mr. Trump’s impeachment. The indictment is, perhaps uniquely, not intended or expected to be used for prosecution, sources say, because of the constitutional position of the President.

In April the statistician who predicted President Trump’s November victory warned that not only would the President eventually impeached, but that his own party will turn on him.

The month before, Congresswoman Maxine Waters, whose bloviating often leaves people confused and unsure of what she actually said, tweeted that America should prepare for the impeachment of the President.

It’s no secret that the President’s enemies want him out of office, but actionable or prosecutable evidence has yet to be presented to the public.

This may explain why, rather than targeting trump, the Deep State has been taking out Trump’s lieutenants in an attempt to sabotage the new administration.

It is not clear whether reports of the secret indictment are real or fake, but we expect a follow-up Tweet from the President in due course as this story makes the rounds on social media.

- Source, Silver Doctors

Thursday, May 11, 2017

Will China and Russia Take Down the US Petrodollar?


Will China and Russia takedown the U.S. Petrodollar with a gold-backed digital currency?

Today on TRUNEWS, Rick Wiles speaks with financial analyst Jim Willie regarding the seemingly inevitable transition from an American dominated financial order to a system controlled by the East.

Jim also shares his theory that Prince Philip’s retirement is actually a smokescreen for the secret death of Queen Elizabeth.


Monday, May 8, 2017

Washout Next, Or Are the Hedge Funds Ready to Flip Long in Gold & Silver?


Is the Smash Over Or Is A Washout Waterfall Coming Next Week?
PM Fund Manager Dave Kranzler Joins Us To Break Down the Action in Gold and Silver.

Does the Data Reveal the Bullion Banks and Hedge Funds Are About to Flip Long in Silver?


Friday, May 5, 2017

Empty Gold Vaults and Fresh Out of Bombs

As the global economic and power shift continues to unfold if we look at history we will see that most, if not all, transfers of power happened after a major war. The odds of war being the catalyst for the coming change increases with each passing day. The endless saber rattling coming out of Washington DC is beginning to incite many of the world leaders who, over the past 15 years, have either kept quiet about the endless unConstitutional wars launched by the U.S. or have done their best to remain calm and collected as they attempt to negotiate with blood-thirsty warlords that occupy the Pentagon and State Department.

All the while China, Russia, India and most of the rest of Asia along with South Africa and Brazil, have all been working towards the next shift of power, economics and finance in a more realistic manner.

China sits at the head of several major economic partnerships including the Shanghai Cooperation Organization (SCO), BRICS and One Belt One Road (OBOR).

Russia is the driving force behind the Eurasian Economic Union (EEU) and is working closely with several of the former Soviet block nations in a way that lifts the entire region and ties it together with economical and financial incentives that help all the members and all the citizens. Russia is also a major player in the One Belt One Road project as well as a member of BRICS.

These massive partnerships have been built on a foundation of mutual cooperation, economic independence and growth. It almost appears as if China and Russia learned from what the U.S. did when NAFTA was signed by President Clinton and did the exact opposite in developing their plans for regional partnerships and economic unions.

As the U.S. continues to threaten, bomb and exploit nations and people around the world the Eastern economies continue to focus on business and being a good neighbor. I am not saying that Russia nor China are the “good guys” and the U.S. is the “bad guy”, I am simply reviewing what is on the table at this moment with these 3 superpowers. 


If I were the Prime Minister of one of the Baltic States or, any other South Pacific rim nation, the only question that would need addressing is – why would a nation do business with a country that has proven to ignore terms of treaties, invoke economic sanctions and financially attack a nation that hyper inflates their currency? These are the tactics the U.S. has used around the world. How could anyone see these tactics as anything less than barbaric and acts of war?

Since the derivatives implosion in 2008 the financial and economic world has changed. The global economy is saturated in debt. Nations, regions and citizens are all levered up as high as possible with un-payable debt. The primary reason for all this debt is bubble economics and abuse of the World Reserve Currency – Federal Reserve Note.

Paul Volker was the last central bankster to actually do the right thing and push interest rates to 21%. Can you imagine that happening today? The entire global financial system would blow apart before lunch.

As U.S. politicians are in a constant state of bickering and arguing, not only with the world, but within our borders, how are we to compete with an economic machine the size of China and Russia? The citizens of this country need to understand these projects are happening and will change the course of history. The economic and power shift is happening right now. The now unavoidable economic collapse coming to the shores of America is happening. The Western economies began unraveling in earnest in 2008 and, as we are seeing today, will continue to accelerate until its bitter end.

The pieces of the puzzle involving war have been shifting and being put into place since 2011 and will be completed by 2020 – 3 years from today. This assumes the warmongers at the CIA/State Dept/White House don’t develop an ichy trigger finger and begin firing long before 2020.


Jerry Robinson: The pivot to Asia that took place back in 2011, under then President Obama. Has now led, as you so cleverly show in the documentary (The Coming War on China) about 400 military bases that surround China. It’s very difficult to imagine a country not feeling threatened by that. You really draw that out in the film. It really forces the Westerner, as they’re watching the film, to think outside of their own skin, their own country, their own nationality and to realize that this military industrial complex that has been built is now, basically, noosing-up the second largest superpower in the world on our watch. It’s difficult for many Americans to imagine a hot war, a hot full scale war with China, but that is the thesis of your film….Does the Trump administration aggravate this, from your perspective, does he make things better?

John Pilger: Well. the theme of willful ignorance on the part of the United States and the American people, particular American elites has been the theme of most of my films. Several times in your question you said “we don’t really know about this.” I think the question your listeners should like to ask themselves is why they don’t know. Because the pivot to Asia announced by President Obama in 2011 was not a secret, but as you say, very few people know about it. It meant most of the U.S. naval and air forces to the Pacific – Asia Pacific region by the year 2020. Source

This is not news and it is not anything the American people have paid attention to for a second. I guarantee they could name the winner of the last Superbowl, but to even recognize the Asia Pivot would be a stretch for most Americans.

The Asia Pivot has hit a dump in the road with the Trump administration. According to The Diplomat the Asia Pivot is going to either be reworked or cast aside.
In a press conference on Monday [March 13, 2017] discussing U.S. Secretary of State Rex Tillerson’s inaugural trip to Asia, Susan Thornton, the assistant secretary of state for East Asian and Pacific Affairs, had this to say about the Obama administration’s “pivot” or “rebalance” to Asia:

On the issue of pivot, rebalance, et cetera, that was a word that was used to describe the Asia policy in the last administration. I think you can probably expect that this administration will have its own formulation and it hasn’t actually, we haven’t seen in detail what the formulation will be or if there even will be a formulation.

Those words aren’t necessarily surprising in the context of the Trump administration, but it’s quite something to hear from the top dedicated U.S. diplomat for East Asian policy that the “rebalance” is officially over. The Obama administration had staked out the policy late in its first term, seeking to launch a sustained adjustment of U.S. foreign policy attention away from the Middle East and Europe toward Asia. Source

In light of the events over the past several weeks I wonder how the Asia Pivot fits with the latest Trump agenda regarding foreign policy? Trump, it seems, has resigned himself to doing his masters bidding. Wether it be bombing innocent people or backing away from pursuing the Clinton crime machine and their treasonous acts or something as small as replacing Janet Yellen. Trump is no match for the power plays happening at this time in history. Our world is changing and the U.S. will awaken, in the not-too-distant future, to find the power has shifted from West to East and the warmongering will no longer pay the bills. Personally, I believe the only thing that will pay the bills will be gold.

When you are ask to pay your bill/debt with a credit card other than the one you are currently offering, it can be rather embarrassing to find the alternative payment is just as empty as the original. When the U.S. are ask to, by another nation, to conduct an audit and bring real, physical gold to the table as payment, we will learn, very quickly, how much gold is being held by the Federal Reserve. When that day happens, will we see what DARPA has up it’s sleeve and just how many nuclear bombs can be set off in one day?


- Source, Rory Hall via Sprott Money

Monday, May 1, 2017

Economic Reality: Bottom 50% Of Americans No Longer Matter

The Fed likes to brag about the “We saved the world” recovery.

However, the unfortunate truth of the matter is a record Half of American Families Live Paycheck to Paycheck.

Does it Matter? Let’s investigate.

Unprepared for Nearly Anything

  • 50% are woefully unprepared for a financial emergency
  • Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency.
  • Nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service.
  • A separate survey released Monday by insurance company MetLife found that 49% of employees are “concerned, anxious or fearful about their current financial well-being.”

A Fed study shows U.S. Households Will Soon Have as Much Debt as They had in 2008.

The Federal Reserve announced Friday that the U.S. has $1 trillion in credit-card debt. Consumers hit that number in the fourth quarter of 2016, but eased on revolving credit during January 2017. The Fed announcement showed revolving consumer credit hit more than $1 trillion once again in February 2017.


“Credit card debt is rising quickly, but delinquencies are still really low,” said Matt Schulz, a senior industry analyst at the credit cards site CreditCards.com. “Many Americans are doing a good job of controlling their debts, but eventually with big debts and rising interest rates, it’s likely that something will have to give.”

Paycheck to Paycheck “Good Job”

Excuse me for asking but if half the nation lives paycheck to paycheck, is that really indicative of doing a good job at managing debt.

And as for “low delinquencies”, I remind you of my April 26 article Subprime Credit Card Losses Bite Capital One: Income Down 20%, Charge-Offs Up 30%.

Nonetheless, I remind you of an important perception.

We Saved the World

Two Reasons Not to Worry

The stock market and housing are still going strong. We heard the same thing in 2007 but it’s different this time.

The bottom 50% of the economy simply do not matter.

The real crux of the matter is point number two.

The Fed does not give a damn about the bottom half of the economy even though it spouts continual lies about “income inequality.

The Bottom 50% Do Not Matter

As long as the Fed can keep stocks and home prices elevated, there is no concern about the food-stamp, rent-subsidized, Medicaid-supplement, disability-income, Obamacare-subsidized 50% of Americans struggling paycheck-to-paycheck.

That money rolls in guaranteed, month after month!

That 50% cannot afford a house is irrelevant as long as suckers keep paying $500,000 to two-bedroom shacks in LA.

The game is to keep asset prices up so that the top 50% keep spending. The bottom 50% are taken care of by government (taxpayer) subsidies noted above.

Here’s the real deal: Fed Expects a Second Quarter Rebound, Higher Equity Prices.

Repeat Performance
The Fed needs to keep asset prices elevated even though it’s pretty clear concerns are mounting over bubbles.

Can the Fed save the world again?

Previously, the bottom third did not matter. Then the bottom 40% did not matter. Now the bottom 50% do not matter.

That statement is a bit over the top. By how much I don’t know. But the trend is clear, as is the fly in the ointment.

Brexit was the first warning shot. Trump was the second.

As soon as the bottom 65% don’t matter, those 65% may vote to take matters into their own hands.

- Source, Mish Shedlock via Zero Hedge

Thursday, April 27, 2017

G. Edward Griffin: Exposing the Federal Reserve


G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.

Meeting Ed and getting to spend time with him was a real honor for Chris and me. His breadth of knowledge of the central banking system as well as his engaging manner of storytelling are masterful. Plus, he's simply a wonderfully kind person.

Ed's decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.


Monday, April 24, 2017

Is Maguire Right? Are the Bullion Banks On the Ropes?


Silver Prices Smashed While COMEX Open Interest Hits New Record. Just What’s Going On – Are the Bullion Banks On the Ropes?

Expert Analyst Craig Hemke Joins the Show to Help Us Break Down All the Action:

  • The Capitulation Is NOW 
  • Is Andrew Maguire Right? Are the Bullion Banks ON THE ROPES? 
  • Craig Explains We’re Seeing the CAPITULATION in Gold & Silver Sentiment NOW 
  • “It’s CRIMINAL” Hemke Is FIRED UP Over Silver Fraud 
  • US Retail Gold & Silver Demand Gives Up the Ghost – US Mint Silver Eagle Sales Only 600k For Entire Month of April!

- Source, Silver Doctors

Thursday, April 20, 2017

China Starting To Resemble Bernie Madoff

Audible.com just released a new show on Bernie Madoff (Ponzi Supernova, available for free to subscribers) that explains how the world’s biggest financial scam was enabled by banks and hedge funds who were making so much money that they chose to ignore obvious red flags.

Which sounds a lot like today’s China, Inc. Here, for instance, is a sequence of events involving China Huishan Dairy Holdings, an apparently too-big-to-fail chain of dairy farms:

March 21. Huishan Dairy misses payments on some of its loans. The wife of the chairman and largest shareholder (herself an executive in charge of relationships with the company’s bankers) goes missing.

March 23. The local provincial government holds a meeting with the company and its creditor banks to propose a plan to inject liquidity into the company. This is not announced publicly.

March 24. Huishan’s shares plunge 85% in an hour, wiping out more than $4 billion of market value and leading to an indefinite trading halt.

March 28. Huishan admits to missing loan payments and misplacing the Chairman’s wife, but denies reports of faked invoices and misappropriation of funds. The local government, it promises, will buy some of the company’s excess land to bolster its balance sheet and the Chairman will sell some of his shares and invest the proceeds in the company.

Somewhere along the way, the government “ordered financial institutions involved not to downgrade the company’s credit rating or file lawsuits against it.”

As Quartz.com noted at the time:
The Chinese government can’t afford to let Huishan fail. Credit markets already deeply distrust the rust-belt Liaoning province. Authorities there were revealed to be faking economic numbers, including the province’s GDP growth, from 2011 to 2014. The province was the only province that fell into recession last year. Meanwhile local firms Dongbei Special Steel and Dalian Machine Tool went into default last year.

If Huishan does go bust, the fallout could also be disastrous for some Chinese banks. At least one of them has already felt the chill: Jiutai Bank, which is the dairy maker’s second-biggest creditor, saw the biggest one-day drop in its shares this week. According to Caixin, the small bank’s loan to Huishan currently stands at around $266 million, bigger than its estimate of impairment losses on bad loans for the whole of 2016.

The situation is not much easier for the midsize Ping An Bank, which lent nearly $300 million to Yang’s offshore entity Champ Harvest, with a 25% stake in Huishan as collateral.

And now this, from today’s Wall Street Journal:

Chinese Aluminum Giant Faces Credit Crunch The world’s biggest aluminum producer is in trouble, locked in a feud with its accountant over fraud allegations that have forced it to suspend trading of its shares and seek help from the central government in Beijing. China Hongqiao Group Ltd., has drawn the attention of the global aluminum market and U.S. trade officials as it soared to the pinnacle of the industry in the past few years, leapfrogging the production of giant competitors like Alcoa in the U.S. and United Co. Rusal in Russia.

Its rise coincided with American allegations that Chinese companies—helped by government subsidies—flooded the world with cheap aluminum, coal and steel, depressed prices and decimated U.S. industries.

U.S.-Chinese trade issues were a focus of a two-day summit last week between President Donald Trump and President Xi Jinping of China.

Now China Hongqiao, a Hong Kong-listed company that employs nearly 60,000 people, is facing fraud allegations from two short sellers that the firm says threaten its financial stability.



In a March 4 letter reviewed by The Wall Street Journal, China Hongqiao sought assistance from a trade group, the Chinese Non-Ferrous Metals Industry Association, or CNIA, saying the short sellers’ claims of inflated profits were forcing the company’s accountant, Ernst & Young, “to adopt an extremely conservative and careful attitude.”

Then, on March 6, Ernst & Young notified the company it had suspended its audit of its 2016 financial results, according to a March 31 statement by China Hongqiao. Ernst & Young asked the company to commission an independent investigation into the short sellers’ claims, delaying the release of the company’s annual financial results, China Hongqiao said.

Without audited results, China Hongqiao said in its letter to CNIA, the company risks an investigation from Hong Kong securities regulators and a credit crunch. The company has about $10 billion in debt, according to securities filings. It could be in default on a $700 million loan unless it gets waivers from creditors, says Standard & Poor’s Global Ratings.

S&P, citing the move by Ernst & Young, has downgraded China Hongqiao’s bonds a notch deeper into junk territory to B-plus.

China Hongqiao asked the CNIA and the Chinese government to come to its aid, warning in its March 4 letter of “serious effects” if nothing is done, including “regional systemic financial risks” and “dramatic social unrest.”

The U.S. government in January launched a formal complaint against the Chinese government with the World Trade Organization, accusing China of funneling artificially cheap loans from state-run banks to aluminum producers including China Hongqiao. China provides China Hongqiao with access to cheap coal, aluminum and electricity, according to the WTO complaint.

There’s a pattern here that isn’t confined to just these two companies: Cheap financing either subsidized or provided directly by government enables Chinese companies to expand beyond the limits of the global marketplace, producing a glut which makes the previously-mentioned loans unmanageable.

The companies hide their failure for a while but eventually are exposed, leading local governments to step in with new money and the central government to change the rules to prevent market participants from warning others and/or moving their capital out of the way.

As with Madoff’s Ponzi scheme, the game goes on as long as new money continues to flow in and the major players continue to pretend (or are forced to pretend) that things are okay. It ends when either of those conditions changes.

Such scams don’t tend to peter out over time. Usually – like the above dairy and aluminum companies – they seem fine until one day they’re not.


- Source, Sprott Money