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May 19, 2013

IRS intimidation scandal proves Second Amendment needed to stop government tyranny


Gun control advocates now admit
By Mike Adams
NaturalNews, May 19, 2013
In the face of the outrageous IRS intimidation scandal now sweeping across America, gun control advocates are changing their tune. All of a sudden, the idea that the federal government could engage in tyranny against the People of America is no longer a “conspiracy theory.” It’s historical fact right in your face thanks to all the recent scandals now bursting onto the scene: IRS intimidation, secret targeting of non-profit groups for possible “thought crimes,” the Department of Justice seizing AP phone records and so on.
Just which liberals are changing their minds on all this? Piers Morgan, for starters. The man who once called Larry Pratt of Gun Owners of America a “very stupid man” on live national television is suddenly reversing course. Here’s what Morgan now says in the wake of the IRS intimidation scandal:
“I’ve had some of the pro-gun lobbyists on here saying to me, well the reason we need to be armed is because of tyranny from our own government, and I’ve always laughed at them. I’ve always said don’t be so ridiculous. Your government won’t turn itself on you. But actually when you look at this [IRS scandal]… actually this is vaguely tyrannical behavior by the American government. I think what the IRS did is bordering on tyrannical behavior, I think what the Department of Justice has done to the Associated Press is bordering on tyrannical behavior.”
Here’s the video: (until YouTube bans it)

May 18, 2013

More Americans Committing Suicide than During the Great Depression


Higher Numbers of Americans Take Their Lives than During the Depths of the Great Depression
by George, Washington’s Blog:
Suicide rates are tied to the economy.
The Boston Globe reported in 2011:
A new report issued today by the Centers for Disease Control and Prevention finds that the overall suicide rate rises and falls with the state of the economy — dating all the way back to the Great Depression.
The report, published in the American Journal of Public Health, found that suicide rates increased in times of economic crisis: the Great Depression (1929-1933), the end of the New Deal (1937-1938), the Oil Crisis (1973-1975), and the Double-Dip Recession (1980-1982). Those rates tended to fall during strong economic times — with fast growth and low unemployment — like right after World War II and during the 1990s.

all is lost, and it is too late.

by Jim Sinclair, JS Mineset:
People get angry with me when I say all is lost, and it is too late.
Sorry, but all is lost, and it is too late. Stay in the system and be happy, and watch what happens to you.


Europe's EUR 500 Billion Ticking NPLTime Bomb


Europe's non-performing loan problem is such an issue that there is increasing bluster that the ECB may take this garbage on to its balance sheet since policymakers realize that bad debts and non-performing loans (NPLs) reduce the capacity of banks to lend, hindering the monetary policy transmission mechanism. Bad debts consume capital and make banks more risk averse, especially with respect to lending to higher risk borrowers such as SMEs. With Italy (NPLs 13.4%) now following the same dismal trajectory of Spain's bad debts, the situation is rapidly escalating (at an average of around 2.5% increase per year).

As we discussed in detail here, the bottom line is that at its core, it is all simply a bad-debt problem, and the more the bad debt, the greater the ultimate liability impairments become, including deposits. As we answered at the time - the real question in Europe is: how much impairment capacity is there in the various European nations before deposits have to be haircut? With Periphery non-performing loans totaling EUR 720bn across the whole of the Euro area in 2012 and EUR 500bn of which were with Peripheral banks, it seems the Cyprus deposit haircut non-template may indeed become the key template.

Simply put, the greater the unemployment the more the strain on banks to generate "profits" by any means possible (GGBS?) to cover the capitalization shortfall from NPLs until at some point liability haircuts have to begin...

Non-performing loans as % of total loans across the Euro area

Unemployment rates across Euro area countries


THE COLLAPSE OF FIAT MONEY BY A FALLING ENERGY SUPPLY

From Silverdoctors, MAY 17, 2013
Each passing day, the world gets closer to a total collapse of the global fiat monetary system.  After the United States unilaterally terminated the convertibility of the U.S. Dollar to gold in 1971, the world has been settling trade on borrowed time.  It was full faith in the dollar and U.S. Treasury market that allowed global trade to continue for 4 decades.
However, faith in the dollar is waning as debts, derivatives and dishonesty plague the financial system.  Most analysts (including many in the precious metal camp) are wasting time debating over the mere symptoms and not the disease itself.
We must remember, debts are nothing more than “Energy IOU’s.”  To pay back a debt, energy has to be burned so the market can generate goods and services.  Thus, this allows for  growth to continue which provides a surplus of wealth enabling the repayment of debts.
The problem the world is facing, is not the huge amount of derivatives or debts, but the availability and affordability of its future energy supply.  Actually, the world has not been able to afford the energy that it has been consuming for quite some time now.  Basically, the world (especially the U.S.) cannot not afford its way of life, so it has created a system of debts and derivatives to cover up and mask the problems.
The collapse of the dollar is already taking place.  It has more to do with energy… than most realize.

THE SATURDAY ESSAY:What else are they manipulating?


from The Slog
by John Ward

Answer: FOOD PRICES

creosote Too much food costing too much money is killing people
Sector by sector, the truth is at last trickling out: ICAP, Libor, Gold, Currency values, oil…..none of them are natural markets, all of them are being ‘directionalised’….as in, manipulated for the good of the few – and never for us. But the most important commodity we have probably represents the most criminal scam of the lot.

The ‘price’ of gold plunged another $33 net yesterday. As usual, the drop made no sense. As usual, it took place on a Friday. As usual, the two steep declines happened when the London and New York markets opened. Those who have spent half a decade or more presenting clear signs pointing to manipulation of everything from fiat currencies to interbank rates have in the last year gone from fringe conspiracy theorists to vindicated commentators.

May 16, 2013

The Trick to Suppressing Revolution: Keeping Debt/Tax Serfdom Bearable


The 30 million whose labor funds the parasitic status quo don’t have to rebel; they simply have to stop going to work, stop starting enterprises, stop being productive.
by Charles Hugh Smith, Of Two Minds:

I am honored to publish a deeply insightful two-part essay by longtime contributor Eric A. on long-term cycles, and how they shape our spectrum of responses in periods of crisis and transformation.
 Parasites must balance their drive to maximize what they extract from their host with the risk of losing everything by killing their host. This is the dilemma of the parasitic partnership of the central state and financial Elites everywhere: to extract the maximum possible in debt payments and taxes without sparking rebellion and revolution.
I have often commented on the current class structure, which paradoxically unites the interests of the top 1/5% of 1% and their political-class toadies and the bottom 50% who are drawing transfer payments/benefits from the state: both support the status quo because both receive direct benefits from it.

The 20% who pay most of the tax and service much of the debt are in the middle, a political minority of debt/tax serfs who finance the status quo, i.e. cartel-crony capitalism owned and operated by the financial and political Elites:

The World Paper Council

from Bullion Bulls Canada
by Jeff Nielson

Once upon a time, an entity called the “World Gold Council” was created. It was supposed to be an industry trade-group, which (like all industry trade-groups) promotes the health and growth of their industry. But that’s not how it turned out.

To understand the World Gold Council, one need do little more than examine its history. It was created in 1987. Was this the beginning of some new, Golden Age for the gold mining industry? Hardly. In fact, it marked the early stages of the most successful era of gold price-suppression in history, and the complete destruction of the global gold-mining industry – with more than 90% of the world’s gold mines being bankrupted.

If the World Gold Council is really an “industry trade-group”, then it was/is the most incompetent/inefficient such entity ever created. But, of course, the World Gold Council doesn’t serve “gold” or even gold-mining. It serves paper – banker-paper, to be precise.

An Even Bigger Scandal: Why Are IRS Audits Being Used To Punish Obama’s Political Enemies?

From TheeconomiccollapseblogMay 15th, 2013
Obama Using IRS Audits To Attack His Enemies?Is it right for Barack Obama to use IRS audits to punish his political enemies?  As crazy as that sounds, there is a mounting body of evidence that indicates that this is actually happening.  And if this can be proven, it is a much, much larger scandal than the IRS giving "extra scrutiny" to the applications of conservative non-profit groups.  Let me be clear - if Barack Obama has been using IRS audits to punish his political enemies, that is an impeachable offense.  Of all of the other scandals that are out there right now, this is the one that could actually bring down the presidency of Barack Obama.  That is how serious this is.  As you will read about below, there is a huge amount of circumstantial evidence that political enemies of Barack Obama have been singled out for IRS audits.  We need to find out who initiated these audits.  Whether you are a Republican, a Democrat or an Independent, this kind of abuse of government power should sicken and horrify you.  If it can be proven that Barack Obama has been using IRS audits to attack his enemies, every single U.S. citizen should be calling for him to resign.  This is something that is beyond politics - this is a direct threat to the very integrity of our system.
The recent revelation that the IRS has been specifically targeting patriot groups and Tea Party organizations for "extra scrutiny" has opened up the floodgates.  In recent days, a large number of highly respected people have come forward claiming that they were the subject of IRS audits that were politically motivated.
For example, Larry Conners, a respected local news anchor at KMOV Channel 4 in St. Louis, Missouri says that he was hit with an IRS audit almost immediately after he conducted an interview with Barack Obama in April 2012...
Shortly after I did my April 2012 interview with President Obama, my wife, friends and some viewers suggested that I might need to watch out for the IRS.
I don't accept "conspiracy theories", but I do know that almost immediately after the interview, the IRS started hammering me.
At the time, I dismissed the "co-incidence", but now, I have concerns ... after revelations about the IRS targeting various groups and their members.

May 14, 2013

Just Say Non To The New "Sick Man Of Europe" - Support For EU Plunges In France And Most European Countries

From Zero Hedge05/13/2013


In some surprising news, and quite contrary to what its record low bond yields would indicate (for a key reason for said artificial demand for French, see The Greater Fool) today the Pew Research center released results from a poll of 7646 EU citizens in March 2013, showing that the new sick man of Europe is Europe itself, or rather the great unification project itself: the European Union.
The sick man label – attributed originally to Russian Czar Nicholas I in his description of the Ottoman Empire in the mid-19th century – has more recently been applied at different times over the past decade and a half to Germany, Italy, Portugal, Greece and France. But this fascination with the crisis country of the moment has masked a broader phenomenon: the erosion of Europeans’ faith in the animating principles that have driven so much of what they have accomplished internally.

The European Union is the new sick man of Europe. The effort over the past half century to create a more united Europe is now the principal casualty of the euro crisis. The European project now stands in disrepute across much of Europe.
The bolded sections also confirm why the European oligarchic bureaucracy is increasingly authoritarian, and desperate to usurp all democratic principles and popular power, well aware that if left to the “demos”, Europe – which is what the common person increasingly blames their economic troubles on – would not last one more day.

Perhaps most surprisingly, nowhere is this more evident than in France itself – the country where the idea of a European Union germinated in the first place – and where the decline in support for the EU has been the greatest in the past year, with just 22% responding affirmatively to the question whether ‘economic integration strengthened the economy‘, down from 36% a year ago, and the biggest drop of all surveyed EU member states.
It only goes downhill from there for France.
No European country is becoming more dispirited and disillusioned faster than France.

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Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.