Perpetual QE Without the Billboard

 

By: Jim Willie CB, GoldenJackass.com

-- Posted Wednesday, 30 November 2011 | Share this article | Source: GoldSeek.com
[snippet]

The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from the monetary aggregate. The data is compelling in calling them out.

Newt Gingrich: Serial Hypocrisy

Pope Accused of Breaking Seat Belt Law in Popemobile

Wednesday, November 30, 2011

Popemobile in Freiburg (photo: Thomas Niedermüller, Getty Images)

No man is above the law in Germany, where even the German-born pope can get in trouble for not wearing his seat belt.

Who’s Profiting from Student Loans?

Wednesday, November 30, 2011

When students borrow money for college, and often saddle themselves with enormous debts, they wind up taking out loans with one of five major lenders in the U.S. A trillion-dollar business, it has been a source of profit for the big five.

Systemic Deficit Strategy

By ilene on 11/30/2011

Courtesy of Michael Hudson

Michael Hudson on the Super Committee and the deficit strategy.

Source @ZeroHedge

Monsanto’s Roundup Spawns Superweeds Consuming Over 120 Million Hectares

---

Monsanto’s best-selling herbicide Roundup has created a new category of superweeds that are heavily resistant to the herbicide that Roundup contains known as glyphosate.

George Orwell’s guide to the news

Edited: 29 November, 2011, 19:30

The Western mainstream media falsifies the news resorting to euphemisms, half-truths and lies in the best (worst) style of George Orwell’s novel 1984. We all live in the unreal world of “Newspeak” used by the Global Power Elite to control our minds.

Politicians are good for gold

Democracy tends to lead to the serious decisions that need to be made to solve the world's economic crisis to be deferred and fudged and gold may be the investor's only saviour.

Author: Julian D. W. Phillips
Posted:  Wednesday , 30 Nov 2011

BENONI -

After a long and lengthening political debacle on both sides of the Atlantic, the developed world remains embedded in a crisis that the political systems are unable, or unwilling, to resolve despite all the hopeful talks. The leaders of the developed world are capable, competent men who have what it takes to surmount the debt crises that are consuming confidence day by day. So why don't they?

Commodity Inflation And Spare Capacity: Food For Thought

Submitted by Tyler Durden on 11/29/2011 23:50 -0500

The '-flations' are as much part of the commonplace parlance for every sell-side strategist, talking-head, and gold-bug as dividend-stock, quality balance sheet, and long-time-horizon is for long-only managers. Whether deflation, stagflation, inflation, disinflation, or reflation, they all have their moments of sublime glory. Bank of America's Economics team have found some extremely timely 'inflation' signs in the food industry, where it is becoming, somewhat incredibly in this age of supposed frugality and deleveraging, cheaper to eat-out than to cook-at-home. This price disequilibrium has seen consumers respond accordingly; spending on food away from home has picked up while spending on food at home has slowed and also very notably households spending the marginal unit of 'time' working as opposed to 'eating' as economic frailties continue.

US Dollar's Status as World Reserve Currency at Risk

Evaldo Albuquerque (November 29, 2011)

How To Escape From America, and Where to Go

Do you know anyone who speaks “Esperanto?”

If not, don’t worry. I had never heard of the language until I traveled to Brazil on a research trip in 2010.

While I was traveling, I met with the heads of major companies and important government leaders in Latin America. As a currency expert, I wanted to know how these major players in Latin America feel about the U.S. dollar.

Of all the business leaders I met with, Maria Ramos, head of investor relations at Brazilian oil-giant Petrobras, had the most interesting opinion…

Instead of answering right away, Ms. Ramos told me a story about Esperanto. It was designed in the 19th century to serve as a universal second language.

VIDEO: Rand Paul Confronts Geithner Over Fed Monetary Price Fixing

Tuesday, November 29, 2011 – by Staff Report

Senator Rand Paul, son of famous libertarian father Congressman Ron Paul, recently had a very interesting discussion with Treasury Secretary Timothy Geithner over Federal Reserve policy. You can see it reproduced below in this video.

How Hank Paulson Gave Hedge Funds Advance Word

Former Treasury Secretary Henry M. Paulson testifies before the Financial Crisis Inquiry Commission on Capitol Hill in Washington on May 6, 2010. Photographer: Luke Sharrett/The New York Times

By Richard Teitelbaum - Nov 29, 2011 12:46 PM ET

Bloomberg Markets Magazine

Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co. (JPM)

[KR216] Keiser Report: Kleptocrats Go for Gold - VIDEO

We discuss lunatics for Italian gold and another failed debt auction in Germany. In the second half of the show, Max talks to Mark O’Byrne of Goldcore.com about the European debt crisis and Ireland’s gold.

source @Keiser

THE LAWSUIT THAT COULD END THE BANKSTER RULE OF WESTERN CIVILIZATION

I haven't fully digested all of this, and am unfamiliar with the work of Benjamin Fulford. If this account can be corroborated then it's truly the device ridden to earth in Dr. Strangelove.

11-29-2011 3:44 pm - Benjamin Fulford

A lawsuit was filed on November 23rd, 2011 that could end the secret government that has ruled Western civilization for at least the past 300 years. The lawsuit claims that close to $1 trillion was stolen by, among others, UN Secretary General Ban Ki Moon and the UN, former Italian Prime Minister Silvio Berlusconi and the Italian government, Giancarlo Bruno and the Davos World Economic forum and others believed to include many of the owners of the US Federal Reserve Board.

Showdown at Neocon Central - why the Lizard Wants To Be Fuhrer

Ron Paul meets with Ronald Reagan back in the 80's.

Newt Gingrich vs. Ron Paul

by Justin Raimondo, November 25, 2011

The Republican "national security" debate sponsored by Neocon Central the American Enterprise Institute and the Heritage Foundation captured perfectly the intellectual and political bankruptcy of the Republican party when it comes to foreign policy. Here the party’s pandering demagoguery, reflexive ultra-nationalism, and visceral hostility to liberty was on full display in all its exhibitionistic belligerence. It was only natural, therefore, that the first question was asked by disgraced former US Attorney General Edwin Meese, who was forced to resign as Reagan’s AG as a result of his complicity in obtaining big defense contracts for a phony "minority" - owned company. Here is his "question":

The Secular Bear & Gold’s A-Wave Advance

Toby Connor

Published 11/29/2011 

I have decided to post the weekend premium report to the blog this week. In this report I'm going to take a look at what has transpired and what is likely to come as the third leg down in the secular bear market begins to intensify.

Coin discovery sheds new light on sacred Jerusalem site

Find could change accepted belief about who built the Western Wall

Gali Tibbon  /  Gali Tibbon / AFP - Getty Images

Two ancient bronze coins which according to Israel Antiquities Authority (IAA) archaeologists were struck by the Roman procurator of Judea, Valerius Gratus, in the year 17/18 CE and recently were revealed in excavations beneath the Western Wall in Jerusalem's Old City.

 

By Matti Friedman

updated 11/23/2011 7:38:32 PM ET

JERUSALEM — Newly found coins underneath Jerusalem's Western Wall could change the accepted belief about the construction of one of the world's most sacred sites two millennia ago, Israeli archaeologists said Wednesday. 

The man usually credited with building the compound known to Jews as the Temple Mount and to Muslims as the Noble Sanctuary is Herod, a Jewish ruler who died in 4 B.C. Herod's monumental compound replaced and expanded a much older Jewish temple complex on the same site.

The Fed’s Dark Secrets

Nov 28 2011

When you combine a private central bank with the ability to create currency out of thin air with its corrupt bank owners, what do you get? The answer is you get trillions in dark loans made under the table in corrupt deals outside the auspices of the law. Bloomberg, in its Fed’s Secret Liquidity Lifelines, scoured through thousands of pages of Federal Reserve spreadsheets, which the Fed and banks fought for years to keep secret, to put together picture of what really happened during the huge bank bailouts between 2007 and 2009.

International Bribery Scandal Invades the ECB

Monday, November 28, 2011 at 5:32PM

 

(Photo: REUTERS / Heinz-Peter Bader)
Austrian National Bank OeNB Governor and European
Central Bank Governing Council member Ewald Nowotny
addresses a news conference in Vienna, May 26, 2011.

The bribery scandal came at the worst possible moment for the European Central Bank.

Already it’s struggling on a daily basis with the ballooning debt crisis in the Eurozone. And it’s trying to defend its independence against an onslaught of demands to print unlimited amounts of euros and buy the crappy sovereign bonds of the Eurozone's weaker members.

But now, Ewald Nowotny, member of its Governing Council, is up to his neck in hot water.

Newt Gingrich's Skeleton Closet

If character doesn't matter to you, then Gingrich is your man!

Newt Gingrich's Skeleton  Closet

 Mr. Family Values is amazingly similar to Bill Clinton - both are pot smoking, draft-dodging adulterers from poor Southern families. Click on the allegation of your choice:

Adultery:

Callista Bisek. Anne Manning. The unnamed "young volunteer". Are we missing anyone?

Draft dodger

Dead-Beat Dad

Family Values? Pressing Wife for Divorce in the Hospital

House Banking Scandal: Newt Bounced 22 Checks

Book Deals: Murdoch's $4.5 Million wasn't the first

GOPAC sleaze: Taxpayer subsidies for his partisan campaign course.

John Williams Hyperinflation Warning, Preserve Wealth Value with Gold

Nov 28, 2011 - 01:01 PM

By: The_Gold_Report

 

The Gold Report: When we talked in May, you predicted that hyperinflation could be a reality as soon as 2014, something you addressed at length in your Hyperinflation Special Report. Have six months of euro debt crises, Middle East revolts and U.S. Treasuries' downgrading altered your outlook?

John Maynard Keynes: Bolshevik, Lavender, Pervert, Pedophile

John Maynard Keynes gave us more than just an immoral economic system......he passed on his life of degeneracy, perversion and pedophilia....

Convicted Soviet Spy Harry Dexter White
(left) and John Maynard Keynes (right)
at the Bretton Woods Conference

 

SUGAR KEYNES by Zygmund Dobbs

Reprinted from The Review of the News, June 23, 1971

Related: Online free 

book: KEYNES AT HARVARD,

Zygmund Dobbs 

---

John Maynard Keynes
  [1883-1946] 

Lytton Strachey
[1880-1932]

"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - John Maynard Keynes Economic Consequences of the Peace, 1920

Singing the Red Flag, the highborn sons of the British upper-class lay on the carpeted floor spinning out socialist schemes in homosexual intermission. Sometimes, one of the participants would shout out an obscenity - then, as if on signal, the entire group would join in a frenzied babble of profanity. Here and there individuals would smoke or chew hashish. Most had unkempt long hair, and some sported beards.

Euro at a turning point

28 November 2011

Presseurop

Tom Janssen

Ratings for all European countries are at risk, warned Moody's on November 28. The warning comes at a time when Italy is under heavy pressure from the markets and proposals for solving the crisis are proliferating. But it may already be too late, worries the European press.

The Fear Index continues its relentless rise - James Turk

In January 1978 the gold price was $170. In January 1980 it was $800. This month the Fear Index at 3.16% was nearly the same in Jan/'78. What if the Fear Index grew to 9% again (or exceeded) and gold's multiple replicated that upward ascendency?  That would put gold at $8,000 - traveling some unknown time line. Not intending this to be taken as a serious scientific exercise, only a snapshot from my micro-managed calculator. 

Over nearly the same period the silver price went from $4.87 in 1/1978 to $40 in 2/1980. You do your own math, but the result is consistent with the 20:1 ratio target.

---

2011-NOV-28

October was in the end a flat month for the price of gold, which oscillated between its major resistance level above $1,800 per troy ounce and strong support around $1,650. Nevertheless the Fear Index rose this month to 3.16% because of the small monthly increase in the gold price, while US M3 was almost flat.

Is Bernanke Leaking Inside Information to Goldman Sachs?

Bloomberg reports:

The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus, injecting more money into the economy by purchasing mortgage securities instead of Treasuries.

Fed Chairman Ben S. Bernanke and his fellow policy makers, who bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June, will start another program next quarter, 16 of the 21 primary dealers of U.S. government securities that trade with the central bank said in a Bloomberg News survey last week. The Fed may buy about $545 billion in home-loan debt, based on the median of the 10 firms that provided estimates.

China Wary of Choking on Dollar Driving Hong Kong Dim Sum Bonds

November 29, 2011 / D.Collins

 

As reported in Bloomberg

• 查爾斯頓語音
• 你准备好你的儿子和女儿死亡为社团国吗？

The helicopter swooped over Hong Kong’s Victoria Harbor trailing a huge red-and-white banner: RMB SOVEREIGN BONDS. There were billboards on buses and banks and at the entrance to the cross-harbor tunnel.

The city’s biggest sale of bonds in China’s currency, the renminbi, may not have blown away the man and woman on the street. Yet the burst of advertising in August did signal just how important the event was to the Beijing government and to the bankers and traders who feed off the Chinese economy, Bloomberg Markets magazine reports in its December issue.

How the Establishment Media Dumbs Down their Reading Audience

Why is the American establishment media sanitizing reality?

Madison Ruppert, Contributing Writer

The December 5^th, 2011 cover of Time Magazine represents a disturbing truth: the American corporate-controlled establishment media presents a picture of the world that is meant to placate and pacify the people of the United States in favor of presenting reality as it is.

Meltdown: "It's a fraud problem, not a business cycle problem"

Everything you ever wanted to know
about the meltdown but the
bullshit news media will never tell you

source @RealEconTV

Manchester Union-Leader: Then - and Now: Internationalist Bankster Cabal

Publisher Joseph W. McQuaid delivers his paper to the Neocon Globalist cabal!

 

Posted by Charles Burris on November 27, 2011 03:09 PM 

 

Today’s endorsement of neocon Newt Gingrich further demonstrates that The Manchester Union-Leader has substantially changed for the worse since the death of long-time president and publisher William Loeb (an admirer of Old Right Republican Robert Taft) which can be illustrated by Mr. Loeb's personal response to this letter below.

Multi-Trillion Bank Bailout Leads to Multi-Billion Bank Profit Bloomberg Finds

Submitted by Tyler Durden on 11/27/2011 23:49 -0500

• Kaufman

Back in August when Bloomberg first scoured the depraved depths of the almost-30,000 pages of FOIA-released Fed documentation surrounding the biggest ever bailout in history, the sheer volume of the loans, ultra-low cost of funds, and lying-through-their-teeth nature of the bank CEOs was enough for some vindication of tin-foil-hat-wearing fringe blogs. In this month's Bloomberg Markets magazine, much of this is rehashed but the truly incredible part - though not entirely shocking to us - is the magnitude of the profits that the banks amassed directly as a result of these 'secret' bailouts. Almost a quarter of their entire income was generated during this period from bailout-related sub-market funds. Over $13bn profit was 'appropriated' during the crisis with Citi and BofA among the largest profiteers.

How Newt Gingrich Abetted the Theft of Average Joe’s Home

Foreclosure Fraud in a Nutshell
by Bill Butler

The untold story in the foreclosure crisis unfolding across America is that, following a foreclosure perpetrated by one of the October 2008 Bailout Banks (e.g. Bank of America, Citibank, JPMorgan, Wells Fargo) Fannie Mae or Freddie Mac suddenly appear as the record owner of Average Joe’s home. These federal government sponsored entities then go into local housing court and get a court order authorizing them to evict Joe. If Joe resists, these supposedly charitable institutions obtain a writ ordering the local sheriff to forcibly remove Joe from his home. 

Senators Demand the Military Lock Up American Citizens in a “Battlefield”

- - They Define as Being Right Outside Your Window

Posted by ACLU.org on November 27th, 2011 

UPDATE: Bill may be voted on Monday or Tuesday. CONTACT YOUR SENATOR NOW!
While nearly all Americans head to family and friends to celebrate Thanksgiving, the Senate is gearing up for a vote on Monday or Tuesday that goes to the very heart of who we are as Americans. The Senate will be voting on a bill that will direct American military resources not at an enemy shooting at our military in a war zone, but at American citizens and other civilians far from any battlefield — even people in the United States itself.

What is the Pan Asia Gold Exchange? - James Turk

2011-NOV-25

China’s Yunnan Province, the southernmost tip of China, is often referred to as the “gateway to Southeast Asia,” sharing borders with Vietnam, Laos, Burma, and Tibet. After virtually two millennia as a commercial and agricultural hub, this strategically-located province and its new development have been receiving little attention in the mainstream Western financial world that is currently focused on their own fiscal calamities.

The Horror….The Horror…Banks Crank Up Doomsday Machine

We have appended a snapshot of the derivatives below the article sourced from ChinaMoneyRpt. What a whopping number!

November 27, 2011 / D.Collins 

 

Banks increased total outstanding derivatives by a record $107 Trillion in 6 Months. The grand total has reached over $708 Trillion.

First repatriated gold shipment lands in Venezuela

We'll see....let's hope for the best outcome for the Venezuelan people.

 

By DANIEL WALLIS | REUTERS

Published: Nov 27, 2011 03:52 Updated: Nov 27, 2011 03:52 

CARACAS: Amid wild celebrations, a first shipment of gold bars arrived home in Venezuela on Friday after President Hugo Chavez ordered almost all the country's foreign bullion reserves be repatriated from Western banks. 

Excited crowds lined the roadside waving big Venezuelan flags and chanting "It's returned! It's returned!" as a convoy of soldiers and armored cars carried the ingots from Maiquetia airport to the central bank in Caracas.