Latests:

Nov 24, 2011

Climategate II, 5,000 New Emails Released Detailing Climate Change Hoax


From The Lid, November 22, 2011:

No you are not experiencing deja vu. do not adjust your television set, it is neither the Twilight Zone or the Outer Limits, it really is happening again.  Another 5,ooo emails from the University of East  Anglia  have been placed upon an Russian Server to be shared with the public.  And just like the last time, the emails are very damaging.

These emails must be from around the same time as the first set, two years ago, because they feature the same cast of Scientists  such as Michael Mann, Phil Jones, Ben Santer, Tom Wigley, Kevin Trenberth, Keith Briffa admitting the same sort of thing, that the evidence behind man made global warming is paper thin, and it is being pushed for political rather than environment reasons.


The whistleblower who posted the emails calls himself 'FOIA 2011' introduced the emails with:

“Over 2.5 billion people live on less than $2 a day.”
“Every day nearly 16.000 children die from hunger and related causes.”
“One dollar can save a life” — the opposite must also be true.
“Poverty is a death sentence.”
“Nations must invest $37 trillion in energy technologies by 2030 to stabilize
greenhouse gas emissions at sustainable levels.”
Today’s decisions should be based on all the information we can get, not on
hiding the decline.
And FOIA 2011 is right on, if we are going to screw up the world economy with oppressive climate rules that will create energy shortages that lead to food shortages, it should be based on real scientific evidence. Not selective reports which in aggregate sell a theory based on half-truths..

Below are some of the most incriminating tidbits found so far


<1939> Thorne/MetO:

Observations do not show rising temperatures throughout the tropical
troposphere unless you accept one single study and approach and discount a
wealth of others. This is just downright dangerous. We need to communicate the
uncertainty and be honest.
Phil, hopefully we can find time to discuss these
further if necessary [...]

<3066> Thorne:

I also think the science is being manipulated to put a political spin on it
which for all our sakes might not be too clever in the long run.

<1611> Carter:

It seems that a few people have a very strong say, and no matter how much
talking goes on beforehand, the big decisions are made at the eleventh hour by
a select core group.
<2884> Wigley:
Mike,[Mann, Mr. Hockey Stick]  The Figure you sent is very deceptive [...] there have been a number of dishonest presentations of model results by individual authors and by IPCC [...]

<4755> Overpeck:

The trick may be to decide on the main message and use that to guid[e] what’s
included and what is left out.

<3456> Overpeck:

I agree w/ Susan [Solomon] that we should try to put more in the bullet about
“Subsequent evidence” [...] Need to convince readers that there really has been
an increase in knowledge – more evidence. What is it?


<2009> Briffa:

I find myself in the strange position of being very skeptical of the quality of
all present reconstructions, yet sounding like a pro greenhouse zealot here!
<2775> Jones:

I too don’t see why the schemes should be symmetrical. The temperature ones

certainly will not as we’re choosing the periods to show warming.


<2495> Humphrey/DEFRA:

I can’t overstate the HUGE amount of political interest in the project as a
message that the Government can give on climate change to help them tell their
story. They want the story to be a very strong one and don’t want to be made
to look foolish.

<0813> Fox/Environment Agency:

if we loose the chance to make climate change a reality to people in the
regions we will have missed a major trick in REGIS.

<4716> Adams:

Somehow we have to leave the[m] thinking OK, climate change is extremely
complicated, BUT I accept the dominant view that people are affecting it, and
that impacts produces risk that needs careful and urgent attention.

<1790> Lorenzoni:

I agree with the importance of extreme events as foci for public and
governmental opinion [...] ‘climate change’ needs to be present in people’s
daily lives. They should be reminded that it is a continuously occurring and
evolving phenomenon

<2428> Ashton/co2.org:

Having established scale and urgency, the political challenge is then to turn
this from an argument about the cost of cutting emissions – bad politics – to
one about the value of a stable climate – much better politics. [...] the most
valuable thing to do is to tell the story about abrupt change as vividly as
possible

<3332> Kelly:

the current commitments, even with some strengthening, are little different
from what would have happened without a climate treaty.
[...] the way to pitch the analysis is to argue that precautionary action must be
taken now to protect reserves etc against the inevitable
<3655> Singer/WWF:
we as an NGO working on climate policy need such a document pretty soon for the
public and for informed decision makers in order to get a) a debate started and
b) in order to get into the media the context between climate
extremes/desasters/costs and finally the link between weather extremes and
energy

<0445> Torok/CSIRO:

[...] idea of looking at the implications of climate change for what he termed
“global icons” [...] One of these suggested icons was the Great Barrier Reef [...]
It also became apparent that there was always a local “reason” for the
destruction – cyclones, starfish, fertilizers [...] A perception of an
“unchanging” environment leads people to generate local explanations for coral
loss based on transient phenomena, while not acknowledging the possibility of
systematic damage from long-term climatic/environmental change [...] Such a
project could do a lot to raise awareness of threats to the reef from climate
change

<4141> Minns/Tyndall Centre:

In my experience, global warming freezing is already a bit of a public
relations problem with the media
Kjellen:
I agree with Nick that climate change might be a better labelling than global
warming
Pierrehumbert:
What kind of circulation change could lock Europe into deadly summer heat waves
like that of last summer? That’s the sort of thing we need to think about.


<5111> Pollack:

But it will be very difficult to make the MWP [medieval warming period]go away in Greenland.
<5039> Rahmstorf:
You chose to depict the one based on C14 solar data, which kind of stands out
in Medieval times. It would be much nicer to show the version driven by Be10
solar forcing

<5096> Cook:

A growing body of evidence clearly shows [2008] that hydroclimatic variability
during the putative MWP (more appropriately and inclusively called the
“Medieval Climate Anomaly” or MCA period) was more regionally extreme (mainly
in terms of the frequency and duration of megadroughts) than anything we have
seen in the 20th century, except perhaps for the Sahel. So in certain ways the
MCA period may have been more climatically extreme than in modern times.


<5315> Jenkins/MetO:

would you agree that there is no convincing evidence for kilimanjaro glacier
melt being due to recent warming (let alone man-made warming)?

<2292> Jones:

[tropical glaciers] There is a small problem though with their retreat. They
have retreated a lot in the last 20 years yet the MSU2LT data would suggest
that temperatures haven’t increased at these levels.

<1788> Jones:

There shouldn’t be someone else at UEA with different views [from "recent
extreme weather is due to global warming"] – at least not a climatologist.

<4693> Crowley:

I am not convinced that the “truth” is always worth reaching if it is at the
cost of damaged personal relationships

<2967> Briffa:

Also there is much published evidence for Europe (and France in particular) of
increasing net primary productivity in natural and managed woodlands that may
be associated either with nitrogen or increasing CO2 or both. Contrast this
with the still controversial question of large-scale acid-rain-related forest
decline? To what extent is this issue now generally considered urgent, or even
real?

<2733> Crowley:

Phil, thanks for your thoughts – guarantee there will be no dirty laundry in
the open.

<4262> Klein/LLNL:

Does anybody have an explanation why there is a relative minimum (and some
negative trends) between 500 and 700 hPa? No models with significant surface
warming do this

<2461> Osborn:

This is an excellent idea, Mike, IN PRINCIPLE at least. In practise, however,
it raises some interesting results [...] the analysis will not likely lie near to
the middle of the cloud of published series and explaining the reasons behind
this etc. will obscure the message of a short EOS piece.

<4470> Norwegian Meteorological Institute:

In Norway and Spitsbergen, it is possible to explain most of the warming after
the 1960s by changes in the atmospheric circulation. The warming prior to 1940
cannot be explained in this way.

<4938> Jenkins/MetO:

By coincidence I also got recently a paper from Rob which says “London’s UHI [Urban Heat Effect]
has indeed become more intense since the 1960s esp during spring and summer”.
<0896> Jones:

I think the urban-related warming should be smaller than this, but I can’t

think of a good way to argue this. I am hopeful of finding something in the
data that makes by their Figure 3.

<0044> Rean:

[...] we found the [urban warming] effect is pretty big in the areas we analyzed.
This is a little different from the result you obtained in 1990.
[...] We have published a few of papers on this topic in Chinese. Unfortunately,
when we sent our comments to the IPCC AR4, they were mostly rejected.

<1601> Jones:

I think China is one of the few places that are affected [urban heat]. The
paper shows that London and Vienna (and also New York) are not affected in the
20th century.

<4165> Jones:

what he [Zwiers] has done comes to a different conclusion than Caspar and Gene!
I reckon this can be saved by careful wording.
.
<3373> Bradley:
I’m sure you agree–the Mann/Jones GRL paper was truly pathetic and should
never have been published. I don’t want to be associated with that 2000 year
“reconstruction”.

<4369> Cook:

I am afraid that Mike is defending something that increasingly can not be
defended. He is investing too much personal stuff in this and not letting the
science move ahead.
<5055> Cook:
One problem is that he [Mann] will be using the RegEM method, which provides no better diagnostics (e.g. betas) than his original method. So we will still not know where his estimates are coming from.

There is much more to be found on sites such as
Tallbloke and Climate Depot, the bottom line is that these emails are another nail in the coffin of the climate change hoax. In the meantime go out and buy the large popcorn and keep your eyes on this site. Its going to be fun.

UPDATE:
Ed Morrissey has more here  
_____--

Climategate 2.0 emails – They’re real and they’re spectacular!

 

Supermandia and the most supersilly Climategate rebuttal ever

 

‘Green’ Debacle: Tens of Thousands Of Abandoned Wind Turbines Now Litter American Landscape

 


JoNova on Climategate 2.0: An exclusive interview with Climategate.tv

via CorbettReport.com / November 24, 2011 / Today we talk to Australian blogger Joanne Nova of joannenova.com.au about the unfolding Climategate 2.0 scandal, the continuation of the original 2009 climategate scandal in which thousands more emails have been leaked out from the researchers at the heart of the climate change research community. We discuss the [...]

 

 

Russia Retaliates Against US: Puts Radar Station On Combat Alert, Prepares To Take Out European Missile Defense Systems

From Zero Hedge,

Earlier today, we presented the latest developments in the escalating possibility of an imminent air (and potentially land) campaign targeting Syria by the "western world", a move that would infuriate not only Iran, but also Russia and China, both of which have made it clear they would not sit idly by and let such an "aggression" stand. Now it is Russia's turn to retaliate. Cutting straight to the chase - in a nationally televized appearance by Russian president Dmitry Medvedev: in response to what the Russian believes is an active incursion and a potential act of eventual aggression on behalf of NATO countries in Eastern Europe (and hence the US), he he said the following (7 minutes in): "First, I am instructing the Defense Ministry to immediately put the missile attack early warning radar station in Kaliningrad on combat alert. Second, protective cover of Russia's strategic nuclear weapons, will be reinforced as a priority measure under the programme to develop out air and space defenses. Third, the new strategic ballistic missiles commissioned by the Strategic Missile Forces and the Navy will be equipped with advanced missile defense penetration systems and new highly-effective warheads. Fourth, I have instructed the Armed Forces to draw up measures for disabling missile defense system data and guidance systems if need be... Fifth, if the above measures prove insufficient, the Russian Federation will deploy modern offensive weapon systems in the west and south of the country, ensuring our ability to take out any part of the US missile defense system, in Europe. One step in this process will be to deploy Iskander missiles in Kaliningrad Region. Other measures to counter the European missile defense system will be drawn up and implemented as necessary. Furthermore, if the situation continues to develop not in Russia's favor we reserve the right to discontinue further disarmament and arms control measures. Besides, given the intrinsic link between strategic offensive and defensive arms, conditions for our withdrawal from the New START Treaty could also arise." That said, he concludes that Russia is still open to dialog. However, if Obama merely intends to bomb any nation at will, we are very much concerned that everything Medvedev has just threatened will be enacted. And exponentially more so when Putin comes back in charge. One thing is certain - Russia is not North Korea, and taking this speech for more empty jawboning is probably not the wisest option.

Full must watch address to the public: for English closed captioning hit the CC button.
____


Flight to Safety


From Miles Franklin, November 24th 2011:

Mama mia!
The political and banking buffoons DESTROYING our world are certainly making me look smart, although I have mixed feelings about writing novel-length RANTS in front of major holidays.  Fortunately for readers, that’s what you’ll get, as aside from the very important message I want to share, I am faced with a RECORD LONG list of “horrible headlines,” with the morning still young.
It may be Thanksgiving in America tomorrow, but nowhere else.  So when you sit down to give thanks at the dinner table, keep in mind the GLOBAL economic conflagration is fanning higher and stronger, throughout the day, evening, and weekend.  The END GAME has arrived, which will redefine, for generations to come, the term “FLIGHT TO SAFETY.”
Before I get to my message, I want to update you on how hot the fire is burning, not just in the U.S. but around worldwide.  It is rare that my “horrible headlines” have MULTIPLE FOCAL POINTS in a single morning, but what used to be considered rare is rapidly becoming the “new normal.”
As always, let’s start out East, where for once Japan has escaped the headlines for a day.  Unfortunately, China has NOT, as it is becoming crystal clear the “great Chinese miracle” is no more immune to the Western contagion than anyone else.  Not that China’s financial system will collapse – it WON’T – but its economy is highly sensitive to Western world activity, exacerbated by extreme PBOC (People’s Bank of China) money-printing and lending that have led to overbuilding across the nation and, subsequently, a dangerous housing bubble.  Sound familiar?
Not only has the Chinese Purchasing Managers’ Index contracted into borderline recession territory, a possibility undreamt of just months ago…
…but manufacturing activity is threatening to collapse to the levels of GLOBAL MELTDOWN I three years ago, which in hindsight will be remembered, relatively, as an economic boom.  Keep in mind, a major slowdown in Chinese business activity will likely yield a draconian government response, given that the Chinese government needs to both feed 1.7 billion people and preserve the value of its $3.2 trillion (and growing) currency reserves.
Gee, I wonder what they will buy…
In Europe, a new meaning to the word “unravel” is being written each day, as the final catastrophic Greek tragedy unfolds.  The continent’s Union is being attacked on all fronts, soon to be splintered for decades to come, hopefully not ushering in the next great wave of military conflict.
In Greece, all hope is lost, and frankly I don’t know why I spend so much time on this piddling, corrupted shell of a nation, other than that so many larger nations have lent it so much bad money.  Greece will be expelled from the Euro currency in 2012, causing an uncontrollable debt cascade around the world, and NOTHING will be able to change its fate.  God help the poor Greek people victimized by a government characterized by sloth and stupidity, which gave up the nation’s sovereignty to a cadre of foreign bankers in exchange for a decade of “free lunch.”  A HYPERINFLATED drachma looms in the near-future, the first of MANY hyper-inflated fiat currencies the world over.
In Belgium, it appears, once again, that all the king’s horses and all the king’s men can’t put Humpty-Dexia together again.  In another serious blow to the few remaining Polyanas believing government money-printing can save the day, it appears even the DESPERATE Belgian and French governments cannot fathom the foul stench of bankruptcy emanating from this pile of bankrupt feces.  Geez, if TPTB can’t agree on how to bail out a relatively small bank such as Dexia (although not small in absolute terms), WHO ON EARTH believes they will when bigger banks reach the crosshairs?
Not that it matters, as the problem is not a lack of co-operation, but HOPELESSLY insolvent banks!
And speaking of ramifications, we now have two of the three major U.S. rating agencies threatening a downgrade of France in the past two days alone.  Amazing how the hallowed U.S. credit rating isn’t even questioned, DESPITE the utter, abject FAILURE of the “super committee” to agree to ANY spending cuts, with the U.S. debt ceiling scheduled to be raised from $15.2 trillion to $16.4 trillion by year-end to avoid yet another breach.
As expected, European banks stocks are down yet again, with many at or approaching ALL-TIME LOWS…
…while sovereign CDS rates continue to surge higher, with even the benchmark German CDS rate above 100 basis points for the first time.  No matter that these CDS contracts will never pay out (a la AIG and the Greek ISDA “haircut” ruling), moronic BANKS continue to buy these cancerous products and net them against each other to PRETEND they are “hedged.”  Ah, the wonders of fraudulent accounting rules…
But don’t worry, it’ll be Mario Draghi to the rescue, printing Euros with a vengeance until it evaporates completely into the sad annals of financial history…
And why are German rates rising sharply today, aside from the general economic contagion and their banks’ MASSIVE exposure to French and Spanish debt?
Here’s why:  IDIOTS buying German debt as protection against the rest of the PIFIGS pushed Bund rates too low, causing a MASSIVE failure in today’s Bund offering, to the tune of bids 35% LOWER than the amount offered!
It’s only a MATTER OF TIME before the German Bundestag, at the behest of its ENRAGED population, cries “UNCLE” and unilaterally exits from the Euro Currency running and screaming.  When this seminal event occurs, removing the only perceived pillar of strength in the Euro Community, HYPERINFLATION will spread through much of Europe, and many other parts of the globe, like WILDFIRE!
On to the United States of Corruption, where the nation that accomplished more in a century than any in HISTORY, is working hard to destroy that progress in the space of a decade.  Readers may believe I somehow am “happy” about this, which couldn’t be further from the truth.  The reason I RANT so passionately about this topic is the anguish it causes me to watch the proud, strong nation of my youth become a steaming cauldron of ALL that is bad about humanity.  Obscenely greedy and irresponsible leadership, combined with widespread, essentially unchallenged reductions in ethics, morals, and values have turned America into a ghost of itself, proficient only in its ability to wage war, increase debt, steal from its citizens, and shuffle toxic paper.
Starting the day, we are treated to yet another colossal FRAUD related to the same six CRIMINALS as always – Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.  Yes, these banks, which literally OWN the Fed, will be “stress tested” by the Fed’s “proprietary models” based on their heavy, leveraged exposure to the European financial crisis.  Just another fake straw man to be torn down when the Fed says “golly, these banks are in great shape,” as if anyone believes a word they have to say anyway.  My ears are STILL ringing from the asinine comment of a Merrill Lynch broker this summer, who told me he makes MAJOR investment decisions for his clients based on what Helicopter Ben says, as Benny the Lip is “the most powerful man in the world.”  Best of luck to ANYONE listening to ANY stock broker, particularly one working at the bottom of the bailout cesspool, Merrill Lynch – “a breed apart.”
Yes, a breed apart, and soon to have the privilege of being the only bank to be bailed out in 2008 as a stand-alone entity, and 2012 as a wholly-owned subsidiary of soon-to-be non- marginable Bank of America, hitting a new ALL-TIME LOW as I write and just 15 measly cents from falling below $5.00/share.  Where art thou, Warren?
bac nov 23
Perhaps Merrill can be sold to another piece of garbage investment bank in a “fly by night transaction” backed by the government, such as the “venerable” Morgan Stanley…
morgan stanley nov 23
…or the “Treasury’s Bank,” the KING OF CRIMINALS, Goldman Sachs…
goldman sachs nov 23
…or CRIME Central, a/k/a JP Morgan.
Nice charts, huh?  Give me a call when GS and JPM break their 2008 lows, about the same time MS is HALTED to announce its PRINTED-MONEY bailout.
JP Morgan Nov 23
And speaking of JP Morgan, do you want to know the REAL REASON why Precious Metals have been attacked so viciously this week, such as today’s ridiculous assault on silver just a day after it rose sharply?
No, it’s not OPTIONS EXPIRATION, and NEVER WAS.  The real issue is that December is a MAJOR physical delivery month on the COMEX, with ENORMOUS open interest just a week before first notice day on November 30th.  Particularly in light of the MF Global collapse, it was looking likely that we finally would see major PHYSICAL delivery demands, potentially in amounts threatening the small inventories (if you believe they exist) on the COMEX.
First we saw the FREEZE of thousands of COMEX futures accounts, such as Gerald Celente’s, which were destined to take physical delivery.  Next, a sudden, MASSIVE buildup of silver inventory in JP Morgan’s account this week, of which I’d bet came illegally from the SLV trust they are the “custodian” of.  And then, just a day after silver has a breathtaking technical upside reversal, JP Morgan decides to downgrade ALL COMMODITIES to “SELL.”  Seriously, you can’t make this stuff up.  The only thing more ridiculous would be if anyone listened to them, although, as I’ve noted countless times before, I do not believe there are ANY significant investing entities left in the markets, just GOVERNMENTS, their HENCHMEN (such as JP Morgan), and HIGH FREQUENCY TRADING ALGORITHMS.
Once again, if you were DUMB enough to “trade” PAPER silver based on technical charts, you were raped.  If you had just purchased PHYSICAL silver instead, you’d have no margin debt, no losses, and a significantly weakened JP Morgan, i.e. the Cartel, to contend with.
“Phase Shift” – JP Morgan Downgrades All Commodities To “Sell”
Just a few more notes on the Fraudulent States of America, as I watch PAPER gold, for the third straight day, attacked at EXACTLY 10:00 AM EST, right at the PM Fix, to deflect the budding PERCEPTION that gold is a safe haven asset.  In due time, readers, in due time, and probably A LOT sooner than you think.
NY Spot Gold Nov 23
I could not let this ultimate hypocrisy pass, this paradox of stupidity that only the world’s most clueless politicians could even attempt.  Yes, just ONE DAY after the “super committee” failed to cut as much as ONE PENNY from the ATOMICALLY EXPLODING U.S. debt and deficits, and one month after his $447 billion, UNFUNDED “Stimulus 2.0″ plan was defeated so soundly it was never even voted on, Obama is on the “campaign trail” proposing a NEW stimulus package!
Obama reopens debate on US stimulus
I wonder where the REVENUES will come from to pay for “Stimulus 3.0,” given that the U.S. economy is in freefall…
http://www.zerohedge.com/news/bad-economic-news-trifecta-hits-jobs-and-core-durable-goods-worse-savings-rate-higher-consumers
Ah, I see.  Good thing the Fed is preparing for OVERT QE3 (don’t worry, COVERT QE3 is alive, well, and failing miserably), as we learned in yesterday’s Fed Minutes…
FOMC minutes leaked early
Next, a few comments on REAL MONEY, i.e. PHYSICAL GOLD and SILVER, for those worried about a 2008-style market crash (which WILL happen, QE3 or not!).  As I noted in yesterday’s RANT, despite the irritation of watching PAPER gold attacks such as today’s, gold is well above its July 2011 level while nearly ALL bank stocks are at, or near, HISTORIC lows.  In other words, PHYSICAL gold has not only outperformed essentially ALL markets this year, but has ACCELERATED its rate of outperformance despite being under violent Cartel attack this Fall.
Going back to 2008, when the Cartel viciously attacked PAPER gold and silver, to the same end of eliminating PERCEPTION that it is a safe haven asset, the financial sector is AT or NEAR its ALL-TIME LOWS of that period, while gold is $1,680/oz compared to $680/oz then, and silver $32.00/oz compared to $8.00/oz then.  BTW, the only reason the financial ETF (XLF) is not at its 2008 lows is survivor bias, as I’m sure many of its components have been removed due to bankruptcy (no different than the Dow, which would be far lower than 11,300 with its bankrupted 2008 components – Citigroup, General Motors, and AIG).  We are not quite at the “apples-to-apples” 2008 lows for the critical finance sector (which by the way, accounts for 30% of ALL U.S. “profits”), but don’t worry, we’ll be there soon, and when we do, you can bet gold and silver will be doing just fine.  After the initial Cartel attacks on PAPER gold and silver in late 2008, both ROCKETED up sharply in early 2009 while the Dow cratered to its absolutely low, and I ASSURE you that is one aspect of history likely to repeat!
Given that the bullion industry (Miles Franklin included) had one of its STRONGEST MONTH’S EVER in September 2011, directly after the massive DEATH STAR attacks on PAPER gold and silver that commenced immediately after the Labor Day holiday, I’d bet we will shortly see another PHYSICAL BUYING FRENZY if the Cartel attempts to push PAPER gold and silver down much further.  If this occurs, particularly during a period of severe market stress as we are seeing now, I’d anticipated EXPLODING physical premiums and delivery wait times, just as we saw in late 2008 before prices EXPLODED upward and never looked back.
Moreover, if Sprott funds’ PSLV silver trust attempts an offering anywhere near the $1.5 billion face value of its current shelf prospectus, I can nearly guarantee the aforementioned panic conditions.  Given consensus estimates that UNDER ONE BILLION OUNCES of “investable silver” are available on the planet, much of it which is not available for sale, $1.5 billion of PHYSICAL silver would represent roughly 5% of GLOBAL SUPPLY, and likely closer to 15%-20% of global supply AVAILABLE FOR SALE.
As if PSLV would be the only entity bidding for it!…
Central bank GOLD buying at 40-YEAR HIGH in 3Q 2011
Once again, I cannot emphasize enough how scared you will be trying to buy PHYSICAL gold and silver in that kind of supply-limited environment.  Given that the GLOBAL FINANCIAL SYSTEM looks ready to COLLAPSE at any moment, I STRONGLY URGE readers to consider ALL OPTIONS to PROTECT THEMSELVES, NOW!
Finally, to the topic of today’s RANT, “FLIGHT TO SAFETY.”  Man, it is now taking me two hours to get through the day’s “horrible headlines,”, and I sense it will shortly take three, then four, then….
OK, what I want to talk about today is PRAGMASTISM with regards to the aforementioned topic.  As in, what is actually a “safe haven asset” compared to the popular propaganda.  Yes, Treasury Bonds have risen this year during the early stages of economic armageddon, but even an elementary school dropout will soon recognize U.S. interest rates cannot go down forever, particularly when they are already close to ZERO and the rest of the world’s sovereign debt is melting down in epic fashion.
Having the “world’s reserve currency,” as well as a dominating grip on illegal interest rate swap transactions, has enabled the U.S. to hold rates down far longer than logic would suggest; by the way, PRECISELY why it is so important to attack PAPER gold and silver prices.  However, at some point rates will turn back up with a vengeance, while consumer price inflation could spike up sharply AT ANY MOMENT, negating bond gains and causing a rush to PHYSICAL gold, silver, and other necessary commodities such as food and energy.  Moreover, holding Treasury Bonds entails a slew of other risks, such as bank holidays, market freezes, and tax law changes.  I view U.S. Treasury Bonds to be the GREATEST BUBBLE OF ALL TIME, which could rise a wee bit further in the near-term but will ultimately crash and burn like all other bubbles before it, from the internet, to real estate, to consumer spending.  PRAGMATICALLY, how wise is it to hold large positions in these land mines, no less at banks and brokerage firms in danger of being shuttered each and every day?
PHYSICAL gold and silver, on the other hand, has NONE such risks, particularly if one is smart enough to avoid leveraged financing.  I cannot emphasize enough how soundly I now sleep, the soundest since an innocent babe, knowing my PHYSICAL gold and silver CANNOT, and WILL NOT, lose purchasing power for the entirety of my life, and many, many generations thereafter.  PHYSICAL gold and silver have held their purchasing power for 5,000 years of history, and will do so for 5,000 more, with the added bonus of an HISTORIC increase in such power in the coming years as fiat currencies, one after the other, burn to the ground as the greatest experiment in financial stupidity of ALL-TIME, the U.S. dollar reserve standard, ends in catastrophic fashion.
That said, even buying PHYSICAL gold and silver is fraught with danger for the inexperienced, of which roughly 99% of the world’s population fits that classification.  In fact, I’d bet half of all people that have purchased Precious Metals are unaware of how the industry works, including myself until very recently.  Just like any bull market, particularly one occurring during a period of economic calamity when millions are DESPERATE for cash, the number of gold and silver schemes to STEAL YOUR MONEY has recently exploded.  And I’m not just talking about “Cash for Gold” firms and pawn shops that pay huge discounts to melt value, but genuine Ponzi schemes and other complex frauds.
As I noted in one of my first RANTS upon joining Miles Franklin last month, it is shocking how quickly competitors are falling by the wayside.  Competition is very strong in the bullion business, and as we approach the END GAME for both the global financial system and gold Cartel, the premium on quality service will rise exponentially, in my view.  I know well the angst of purchasing bullion in an uncertain economic environment, one in which the “final straw” may be drawn on ANY GIVEN DAY.  Consequently, I gravitate toward firms I KNOW are honest, have reliable access to inventory, and are working in my interest, which is why I joined Miles Franklin as Marketing Director this Fall.
The dealer you use is a function of personal preference, as a number of companies give excellent service.  Some focus on personal needs, some on bulk orders, some on internet sales, etc., but irrespective the most important factor should be that you TRUST them with your hard-earned money.  Part of the reason our business is so competitive is its nature – a limited supply, commodity-like product, and sporadic demand cycles.  However, equally important is the aforementioned FRAUD, which can come in various shapes and sizes.
For example, Miles Franklin is the largest bullion seller on eBay, the result of years of hard work and positive customer feedback.  However, if one does not know what they are doing, and who they are dealing with, they could lose their money on eBay in an instant.  For example, one particular eBay seller, whom was around for more than six years and which some of you may have dealt with, was recently raided for running what appears to be a Ponzi scheme.  To the chagrin of Miles Franklin and other competitors, this seller had been selling at just above spot price for some time, yielding speculation that something was amiss given that such pricing was clearly unprofitable.  Sure enough, from tracking the customer feedback, you can see precisely when (this Fall) the seller stopped generating enough income to send out new shipments.  Dozens, if not hundreds of eBay buyers lost large sums of money in this scam, from a long-time eBay seller whom appeared legitimate but was not.
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&ftab=AllFeedback&userid=fp4976&iid=-1&de=off&items=25&interval=0&mPg=342&page=1
Additionally, there are dozens of instances of firms running mail-order or online Precious Metals frauds, such as this genuine Ponzi scheme run out of Florida, calling itself the legitimate sounding name “Global Bullion Exchange.”  And take note of this quote below, from the judge prosecuting the case, James Cohn:  “I think we must be the Ponzi scheme capital of the world here in South Florida.”
From years of working with small mining companies, I have seen first-hand the level of fraudulent business activity in South Florida, which for some reason attracts an enormous amount of pump-and-dump operations and other, various, fraudulent schemes.
Gold firm owner sentenced in $29.5 million Ponzi scheme
And don’t think large firms aren’t suspect as well.  I am making no statements about the allegations against Kitco, the firm synonymous with gold pricing due to its popular website.  They have been in business a long time, and I am not aware of any previous allegations against them.  That said, I have always had suspicions of Kitco given that the “face of the company” (as I am with Miles Franklin) is none other than Jon Nadler, whose job is to promote Precious Metals yet has spent the past ten years denigrating them and stating his belief they would fall in price.  That alone has prevented me from even dreaming of dealing with them, and I cannot say I was surprised when the following allegations against Kitco surfaced in June.
Only time will tell if they are exonerated, and/or the charges in any way related to their bullion selling practices.  But irrespective, it should serve as a warning that when buying Precious Metals, you should be very careful who you deal with.
Kitco CHARGED with MASSIVE tax fraud SCHEME, BUSINESS VIABILITY in question
Finally, off the topic of specific dealers, I wanted to focus on one of the most important topics related to safe haven investing, that of POLITICAL RISK.  I have made it more than clear that I believe mining stocks will at some point be decimated by nationalization fears, the inevitable result of transition from a monetary system based on government-printed fiat to that of REAL MONEY, i.e. gold and silver.
Regarding possession of the metal itself, it would be both misleading and negligent to ignore the fact that nationalization and/or expropriation are not real risks, particularly when bankrupt governments become desperate enough to issue draconian laws.
In previous RANTS, I stated my belief that such an event would be very unlikely in the United States, and even if it did, that it would be very difficult to enforce.  After all, when FDR officially expropriated gold in 1933 (only possible, by the way, because the U.S. was on a gold standard), barely any was actually returned to the government, with the great majority of the expropriated gold taken from the public domain, i.e. gold stupidly stored in bank safety deposit boxes.
Regardless of what laws are enacted in the future America (and future world), PHYSICAL gold and silver will CERTAINLY be worth more than fiat currency, and likely ALL other asset classes.  Fiat currency itself may be literally worthless, and I know I’d rather have valuable bullion then worthless fiat in ALL instances.  Moreover, in purchasing PHYSICAL gold and silver, you have many options as to what form to buy, how to store it, and where to store it.  Some people prefer to keep their metal in hand, others in domestic storage facilities, and still others offshore.  All such alternatives are available, and Miles Franklin is happy to help you explore these options, such as our vault storage programs in both the U.S. and Canada.
Capital flight and FORCED repatriation
As we head into the Thanksgiving holiday, I am thankful for the blessings of my life, and hope my readers are peaceful and prosperous in the coming years.
PROTECT YOURSELF, and do it NOW!
__________-

Related:
Europe’s ENTIRE banking system to collapse within the next 10-12 months.

“Holy Jeepers,” Sprott to Buy $1.5B of Silver Bullion!


From Beaconequity, Nov 22, 2011

The silver price could explode higher in coming months.
As the silver and gold price predictably fade ahead of option expiration, JP Morgan’s bullion manipulation scheme could be headed for unprecedented problems, not from the record purchases of gold and silver from the Chinese, Indians or Russians, but from one Canadian billionaire.
Canadian-based Eric Sprott Management CEO Eric Sprott filed a follow up prospectus for the purchase of an additional $1.5 billion of silver bullion to cover expected demand for the company’s exchange traded fund, PSLV.  Sign-up for my 100% FREE Alerts

Combined with the recent decline in the PSLV premium to spot silver to 14 percent from the typical 20 percent, along with Sprott’s reported sale of some of its holdings of PSLV at the rich premium, it appears a familiar hallmark of a gigantic $580 million silver bullion purchase in December of last year emerges once again.  Since demand for silver products at Sprott remain brisk, it should come as no surprise to the silver world that Sprott needs more silver.
Yet, only two Web sites mention the breaking news, The Globe and Mail and bullion market reporter Harvey Organ, HarveyOrgan.blogspot.com.  Don’t expect Eric Sprott to herald the milestone purchase; he’s trying to avoid investors front running the purchase.
“Since Sprott filed its prospectus last Friday, PSLV units have come down 12 percent, while the price of silver has dropped only 6 percent,” stated Canada’s daily newspaper, The Globe and Mail, on Nov. 18.  “Whether or not the new filing is the root cause of the difference doesn’t affect Mr. Sprott much. He has been selling his PSLV units for most of the year (as documented by kid dynamite.)”

Because Sprott today represents ½ the size of the Hunt brothers wallet and their attempt to corner the silver market in 1979-80, nimble investors have taken advantage of the bulky Sprott in the past by front running his purchases, as his size and legal entity requires him to file with Canadian regulators—an issue he laments of during his interviews.
But for silver investors, the regulation could be a boon to the silver price, as the last time Sprott needed substantial inventory, the silver price soared 177 percent, though Sprott’s purchase cannot directly be proven to be responsible for all of that monstrous move.

However . . . more than four years earlier, in April 2006, prior to the launch of the NYSE version of PSLV, the Barclay’s iShares Silver Trust SLV, spot silver at the COMEX more than doubled at its price peak leading up to the launch of the SLV to $15 from $7.50, as late as September 2005—a double within six months, or a 200 percent ARR.
Moreover, further evidence of a coming silver price mega pop may be gleaned from the exciting silver rally of July 2010 to April 2011.  That monstrous rally could easily be rivaled soon, as Sprott apparently gears up for a whale of a purchase, $1.5 billion of silver bullion—a nearly three times last year’s $580 million purchase and coincidental 177 percent explosion of the silver price.
“Today the Globe and Mail announced Eric has filed a short form follow up Prospectus for a billion five physical silver,” respected bullion market blogger Harvey Organ wrote in a Nov. 21 post.  “holy jeepers, it could be approved in as little as two weeks people tell me, and he can trigger it OVERNIGHT without warning. Just bang, if he has got the orders. WE all know what happened with his last Physical Silver Issue, it was 580 million and blasted Silver 18 to 50 bucks in 5 months.”
Considering the fundamentals underlying the raging bull market in silver and the confident predictions of, in some cases, another double in the silver price, at least, by spring from industry peer James Turk of Goldmoney, as well as other hard money heavyweights, Ben Davies of Hinde Capital, Jim Rickards of Tangent Capital Markets, Euro Pacific Capital CEO Peter Schiff and QB Asset Management Co-founder Paul Brodsky, it appears the industry insiders to the tiny world of silver anticipated Sprott’s need to replenish—and when Sprott needs silver look out.

The EU Over All with Dr. Paul Craig Roberts


Uploaded by on 23 Nov 2011
economist and the former Assistant Secretary of the Treasury in the Reagan Administration, Dr. Paul Craig Roberts. He is the author of How the Economy Was Lost: The War of the Worlds and The Tyranny of Good Intentions: How Prosecutors and Law Enforcement Are Trampling the Constitution in the Name of Justice.
http://www.naturalnews.com/
http://www.infowars.com/
http://www.prisonplanet.tv/


Now the Greek and Italian prime ministers have been replaced by an EU coup d'etat with suitable EU candidates approved by Germany and the banks to make sure there is no question that the over taxed citizens of these nations as well as the other PIGGS will surely be taken to the EU slaughter house and gutted without delay. The Greek parliament appointed Lucas Papademos (former European Central Bank VP) and the Italians appointed (former European Commissioner) Mario Monti to replace Silvio Berlusconi. Mario is an advisor to Goldman Sachs which helped create the worldwide sovereign debt crisis and he is a leading member of the Bilderberg Group and the Trilateral Commission. Therefore we know where the loyalties of this EU Quisling puppet are and they certainly aren't with the people of Italy.


EU style democracy requires that national leaders should always be loyal first to the European Union and the banks invested in government debt rather than to the citizens of the former sovereign nations. They must agree to continue to borrow more so the new sovereign debt loans can be used to pay interest to the banking oligarchs. Only a miniscule amount of the new borrowing is for the nation or the future generations that will be impoverished by the debt load. Finally, a necessary amount of graft is built in for the leading political interests and the rest is earmarked for payment back to the foreign banks so they will receive their interest payments.

Labels

"backyard" "bank holiday" "Change" "Jewish Achievements" 1st Amendment 2nd amendment 4GW 4th Reich 7/7 9/11 abiotic oil abuses of power ACTA Afghanistan AfPak Africa AFRICOM agenda 21 al-CIAduh alternative currencies American revolution anarchy apocalypse Argentina ARTICHOKE Asia Asian Energy Security Grid assassinations asteroids austerity AWOL ballistic missiles B/S backfire bad cops bailout bailout scam bank nazionalization banksters big oil big pharma Bilderberg Bin Laden biofuels biological warfare biological weapons biological weapons research bioterrorism bird flu bitcoins black ops Blackwater Brazil BRICs Brzezinski bubbles cap and trade capitalism carbon credits carbon tax carbon trade cash nexus cass sunstein casus belli CDS Central Asia central banks CFR Cheney China CIA CIA assets civil wars class conflicts class structure class warfare climategate COINTELPRO collapse Color revolutions COMEX default communism community currencies Congo conspiracies conspiracy theories Constitution Copyright corporate "personhood" corporate law corporatocracy corruption countercoup counterinsurgency Coup D'etat covert agents covert operations covert ops covert war covert warfare coverup crazy lone gunmen crimes against humanity currencies currency war dancing israelis David Kelly dead microbiologists death squads debt debt bondage debt bubble debt monetization debtors' prisons deep politics default deficit deflation deglobalization deindustralization deja vu delocalization democracy depleted uranium depopulation depression deregulation derivatives detentions Detroit devaluation devolution dictatorship Dimitri Khalezov dirty tricks dirty wars disaster capitalism disaster management discovery disinformation dissent diy diy currencies DMCA drones drugs trade DU dystopias eastern europe ECB eco-fascism economic cycle economic hitmen economic warfare Egypt electromagnetic weapons electronic surveillance elite consensus elitist propaganda Ellen Brown emerging markets end game energy engineered clusterfuck Ethiopia EU EU666 eugenics euro eurocracy eurocrats europe fake bonds fake democracy fake gold fake revolutions fake terrorism false flags fascism fascism 2.0 FED FEMA FEMA death camps fiat money Finance Capitalism forecasts ForeclosureGate foreclosures FOREIGN TRADE ZONES Fort Detrick fractional reserve banking France fraudclosures fraudonomics frauds Free books free money free speech freedom Fukushima funny money G20 gatekeepers Gaza genocides geoengineering Geopolitics Germany Ghana ghost towns Gladio global currency Global warming hoax globalization GMO gold gold manipulation gold standard Goldman Sachs golpe google Grand Chessboard great depression 2.0 great game Greece Green shoots greenbackers Guantanamo Gulf of Tonkin gun ban gun control Guns H.R. 45 HAARP habeas corpus hackers Haiti Halliburton happiness health health care bill health care reform hemp heroin high frequency trading historical cycles history hitler hoaxes Honduras House Bill 1796 how-to human organs trafficking human rights Hungary hunger hyperinflation ICC Iceland Illuminati IMF imf riots immigration imperialism incoherence income distribution income tax India inequalities infiltration inflation inflationary depression information war insider trading insolvency instability insurgency intelligence International Criminal Court international political economy internet censorship internet warfare ior IP IPCC Iran Iraq Ireland IRS Israel israeli assets Israeli firsters Israeli killers israeli lobby Israeli Organ Harvesting israeli terrorism italy Ivory Coast jesuits jews JFK Jim Willie JPM k-waves Kazakhstan Keynesianism Kissinger kleptocracy Kosovo Krugman KUBARK Kurt Sonnenfeld Kyrgyzstan Land Grab Large Hadron Collider Larry Summers Latin America LBMA Lee Harvey Oswald legitimacy crisis legitimation lesser evilism Libya lies Limited Hang Out Lincoln Lisbon Treaty lobbying local currencies Lockerbie Logan Act lol looting lsd mafia Mali Manchurian candidates Mandatory vaccinations maquiladoras market manipulations martial law Martin Armstrong Medicare meltdown MENA Mend mercenaries Mexico MI5 Michael Chertoff Michael Hudson Middle East migrations Military Industrial Complex military research military spending military tribunals militias mind control mind tricks Minerva Research Initiative Minot missing nukes missile defense missing pathogens MKDELTA MKNAOMI MKSEARCH MKULTRA money money as debt money laundering money supply Mongolia monsanto Montenegro morgellons mossad msm Mumbai narco-states narcodollars narcotics national debt National Emergencies Act national emergency native Americans NATO NDAA neo-Malthusians neocolonialism neocons neofeudalism neuroscience NGOs Nigeria NLP Non-lethal Weapons Noriega North Korea Norway NSA NSPD-51 nuclear demolition nukes NWO odious debt Oil OKLAHOMA CITY bombing oligarchy OOTW Operation Ajax operation CONDOR Operation Fast and Furious operation Mockingbird Operation Northwoods operation paperclip Operation Strange Man opium Orwell outrages p2p currencies Pakistan Palestine Panama Panarin pandemics paper money Paraguay paranoia paranoia pimping patents Patriot Act patsies pauperization peak oil pearl harbor Pennsylvania pensions Pentagon persuasion Peru pervs philippines Phoenix program piigs pimping Pipelinestan piracy Pirates plagues planned disasters Plum Island plutocracy PMCs PNAC poison pills Poland police state political economy political fakeries polls ponzi schemes pork Posse Comitatus Act pot poverty poverty business power elite pr0n predictive programming prepping primitive accumulation prison industrial complex prison population private debt privatizations problem-solution prohibitionism Project Artichoke Project Bluebird Project Censored Project MK/NAOMI Project Mockingbird project monarch Prompt Corrective Action Law propaganda prostitution protests provocateurs psy-ops psycho-police psychotronic warfare Ptech public policies qe qe2 R2P rabbis crackdown real wages regime change regulations relative disadvantage religion renditions renewable energy reserve currency resistance revolution revolution (how to) revolutions riots robots Rockfeller Roman Empire Rothschilds Rumsfeld Rupert Murdoch Russia Rwanda s510 sabbateans Salvador Option samson option saudi arabia sayanim SCADs scams scandals scares schemes SCO SDR secrecy secret algorithms Secret services sedition self-employment self-reliance serial killers sex scandals sheeple shock capitalism SHTF silver sixties slavery slums social conflicts social currencies social movements social research Social Security social spending socialization of costs somalia Soros sound money South Africa South Caucasus South Korea Southern Poverty Law Center Sovereignty Sovereignty Resolutions spain special economic zones spin spyware stagflation state of exception state secrets state terrorism statistics stimulus stuxnet submarines subprime Sudan suicides superbugs superimperialism suppressed technologies supremacist racist genocidal apocalyptic cults surveillance Survivalism SVADs sweden Swine Flu syria Taliban Tamiflu TAPI taxes tea party technocracy Tennessee TEOTWAWKI terrorism Thailand The Fourth Turning the left The Mogambo Guru Thirdworldization TIPS tiranny torture totalitarism toxic assets toxic waste trade deficit trade war treason Treasuries Bubble Tri-Border Area Trickle down trolls tsa tunisia Turkey uganda UK Ukraine UN underclass upper class US $ US army US bonds seized US debt US elections US gulags US hunger US secessionists US Treasuries US666 useful idiots vaccines VAT vatican Venezuela vets vietghanistan Vietnam violent conflicts virii Voodoo war war crimes WAR CRIMINALS war on drugs war party war pimps war propaganda warfare warfare state wars water WB wealth distribution web bot weed Weimar weird welfare white collar criminals White phosphorous WHO who rules Wikileaks wikipedia witch hunt WMD working poors world bank world economy world hegemony world reserve currency world trade WTF WTO WW3 xe Xinjiang Yemen Yuan Yugoslavia Zimbabwe zionism zionist trolls zious
Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.