August 30, 2011

Moving to TheTGBReport.com

The TGB Report blog is moving permanently to its new home at  TheTGBReport.com, as of September 1, 20111.

No new posts will be added here, so please update your web browser bookmarks,  feed readers, etc.

We’re excited about the move and KNOW you will enjoy the new site!

http://TheTGBReport.com

You can also contact us via our new e-mail address: blog@thetgbreport.com

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August 30, 2011

August 30th, 2011

Analysis: Record prices spawn new wave of China gold bugs

Reuters | Fayen Wong

Record gold prices, rather than denting China’s enthusiasm for bullion, have emboldened investors to plough more money into gold bars and riskier bullion-based derivatives.

August is traditionally a slow month for Chinese jewelers, but many shops in Shanghai visited by Reuters reported surprisingly solid gold sales over the last few weeks, with shoppers unfazed by gold’s stellar price gains over the past few months.

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Prima Facie

Personal Liberty Digest | Bob Livingston

Prima Facie is a legal term that translates as “on its first appearance” or “at first sight.” This also means self-evident.

In other words, if something is prima facie, no inquiry is needed to further investigate. All evidence is contained on the face of a subject.

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WikiLeaks cables expose Washington’s close ties to Gaddafi

Global Research | Bill Van Auken

US embassy cables released by WikiLeaks on Wednesday and Thursday expose the close collaboration between the US government, top American politicians and Muammar Gaddafi, who Washington now insists must be hunted down and murdered.

Washington and its NATO allies are now determined to smash the Libyan regime, supposedly in the interests of “liberating” the Libyan people. That Gaddafi was until the beginning of this year viewed as a strategic, if somewhat unreliable, ally is clearly seen as an inconvenient truth.

The cables have been virtually blacked out by the corporate media, which has functioned as an embedded asset of NATO and the so-called rebel forces that it directs. It is hardly coincidental that the WikiLeaks posting of the cables was followed the next day by a combination of a massive denial of service attack and a US judge’s use of the Patriot Act to issue a sweeping “production order” or subpoena against the anti-secrecy organization’s California-based Domain Name Server, Dynadot.

The most damning of these cables memorializes an August 2009 meeting between Libyan leader Muammar Gaddafi and his son and national security adviser, Muatassim, with US Republican Senators John McCain (Arizona), Lindsey Graham (South Carolina), Susan Collins (Maine) and Connecticut “independent” Joe Lieberman.

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Viewers vs. Doers: The Rise of Spectatoritis

The Art of Manliness | Brett & Kate McKay

The college football season starts this weekend, and I won’t lie—I’m pretty excited. My beloved Sooners are ranked number one in preseason polls, and I quite enjoy settling on the couch on a cozy fall day to watch them play (when they win at least!).

But every once in awhile, say when the announcer shares the game’s attendance numbers, I get a small niggling feeling of discomfort. 80,000 people gathered to watch 22 men run around, throw a ball, and smash into each other. The appeal is not difficult to see—there’s something truly compelling about watching the most talented athletes in the world perform. But when you take a step back, it’s really quite odd, isn’t it? Two groups of men–the doers and the viewers—and one group is far, far larger than the other.

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The Real Obama: Hope for Change!

The Daily Bell | Adrian Krieg

Much has been written and said about Obama, most of it less than courteous. People have accused him of much, some right, some wrong. The problem is that most citizens now consider him to be stupid because he keeps instituting repeat mistakes that failed on every level and in every way over and over again. Don’t underestimate him!

I don’t think he is stupid at all. Obama is a political ideologue with a dogmatic adhesion to communism that he plans to shove down our throats whether we like it or not. He is what Eric Hoffer called a “true believer.”

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Is Homeland Security spending paying off?

Los Angles Times | Kim Murphy

A Decade After The Sept. 11 Attacks, Federal And State Governments Are Doling Out About $75 Billion A Year On Domestic Security. Whether The Spending Spree Has Been Worth It Is The Subject Of Increasing Debate.

Reporting from Ogallala, Neb.—
On the edge of the Nebraska sand hills is Lake McConaughy, a 22-mile-long reservoir that in summer becomes a magnet for Winnebagos, fishermen and kite sailors. But officials here in Keith County, population 8,370, imagined this scene: an Al Qaeda sleeper cell hitching explosives onto a ski boat and plowing into the dam at the head of the lake.

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Obama’s Race-Based Spoils System

Lew Rockwell.com | Patrick J. Buchanan

Chester Arthur was a most unlikely reformer.

A crucial cog in the political machine of the Empire State’s Sen. Roscoe Conkling, he was named by President Grant to the powerful and lucrative post of collector of customs for the Port of New York.

Arthur was removed in 1878 by President Rutherford B. Hayes, who wanted to clean up the federal patronage system. But when James Garfield of Ohio was nominated to succeed Hayes, he sought to unite his party by picking the Stalwart Arthur as running mate.

Six months into the new administration, a deranged office-seeker shot Garfield. Arthur was president. And in a dramatic turnabout, he became the president forever associated with civil service reform, converting the U.S. government into a meritocracy where individuals were hired based upon examinations and advanced based upon merit.

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How Canada Escaped the Global Recession

Mises Daily | David Lee

Four months ago, Canadians emphatically renewed the ruling party’s conservative mandate, handing Stephen Harper and the Tories the country’s first majority government in over a decade. This victory was underscored by the humiliating decline of the Liberals — the country’s “natural governing party” — who were displaced by a radical fringe party in their office of Official Opposition in the Canadian House of Commons. Adding insult to injury, the leader of the Liberals, former Harvard professor Michael Ignatieff, failed to win his own seat and was sent unceremoniously into political retirement.

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Real People Say “Screw You” To The Markets

Market-Ticker.com |

Nobody is talking about this. That’s 27 – twenty-seven contracts – on the bid at 1146.75. During the trading day. There’s less than a thousand up and down the stack through the entire visible portion.

This is a tiny fraction of normal liquidity and those sub-100 numbers are more-akin to what you expect in the middle of the night when everyone’s sleeping!

All that’s left is the computers. The humans have gone home. True liquidity and participation has ended. The people have given up. This is not an isolated incident – as I write this I’m seeing it literally minute-by-minute, and it’s been very common all month. A few minutes ago I saw seven contracts on the bid at the money. Seven – at 9:57 (ET) in the morning.

The fraud, the phony bids and offers and the high-frequency ripoffs have driven everyone away.

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Secret vaccine industry ties and military involvement with Institute of Medicine

Infowars.com | Mike Adams

he Institute of Medicine is suddenly in the news following the release of its vaccine “adverse events” research which found that MMR vaccines actually cause measles, seizures and anaphylactic shock. The old media predictably distorted the story and used it to deceptively announce that “vaccines are not linked to autism!”

In falsely reporting this study from the IoM, however, the old media reporters never bothered to even read the adverse reactions report. Nor did they ask a few simple questions such as “Who is funding the Institute of Medicine? And what is the agenda of the IoM?”

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August 29, 2011

Stealing money from your Children

The next time someone states that they deserve their Social Security or Medicare benefits let them know they are stealing from their children and grandchildren. This is exactly what this system does. If gives out money and medical coverage to seniors with money that is borrowed and the payments are passed onto future generations i.e. children and grandchildren.
Nobody ever looks at the issue of “entitlements” in this light. Many say, “well I payed into the program and deserve to get out what I paid into it. While they are correct that they paid into the programs they are wrong that the money is still there. As soon as the money came in it went right back out to pay for wars, government projects for districts to “create” make work jobs all with this money as well as the printing press that created a 20 year boom cycle. Very few spoke up and said anything about the way the money was wasted or an accounting of where this would lead long term.
Now when we have to make hard choices many are for saying they want to cut the budget but when we discuss the major cost associated with continuing the social security and Medicare scheme no one wants to make cuts. I am not saying we should cut it off all at once. But we should seriously look progressively reducing dependency and eventually ending the programs all together as they are failures and create nothing but debt.
Bringing our troops home from Iraq, Afghanistan, and ending the escalating war in Libya could cut over a trillion dollars in wasted money right there. In addition we can cut all foreign aid which would cut another 700 billion dollars which would add up to two trillion dollars which could go towards paying for the folks who are depending on Medicare and Social Security and give us time to wind down the program
So when your neighbor or friend says “Well I earned that Social Security and Medicare benefits” by paying for them. Let them know that your children and theirs are paying for their “benefits” plus interest!

August 29, 2011

August 29th, 2011

Euro bail-out in doubt as “hysteria” sweeps Germany

UK Telegraph | Ambrose Evans-Pritchard

Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.

If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.

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Gold, politics, and Venezuela

Gold Money.com |

Markets were abuzz last week with Chavez’s recall of Venezuela’s gold reserves not currently held in Caracas. Bulls are excited by the thought that withdrawing some 150-200 tonnes from the Bank of England and the bullion banks will force a bear squeeze on the LBMA, where gearing between the physical and paper markets are assumed to be 100 to 1. This stretches the relationship between paper gold and physical gold even further. They are also excited by the possibility that others might follow Venezuela’s example.

These concerns are real and should not be dismissed lightly, and the announcement could not have come at a worse time for LBMA members, who also face being caught up in a European banking crisis. Fear dominates, but the real trigger for this market emotion, and therefore its outcome, is global politics. Chavez is not just recalling his country’s gold to protect its integrity, he is waging an idealist’s war against the capitalist system and the US in particular. This is why he has threatened to move gold and foreign reserves to the countries he says he trusts, principally Russia and China, and why he is proposing to nationalise Venezuela’s gold mines.

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The West Wants to take Control of Libya’s Oil Wealth

Global Research | by Prof. Michel Chossudovsky

While Libyan revolutionaries have not yet won the war in the oil-rich country, Western powers are already discussing the post-Gaddafi period on such issues as how the interim government there needs to honor its oil contracts.

In case of internal fighting in Libyan crisis, will the US and its coalition NATO allies deploy boots on the ground to protect their oil interests?

In a Press TV interview, Michel Chossudovsky, Director of Center for Research on Globalization, shed more light into the development. The following is a rush transcription of the interview:

Press TV: Western powers have said the international community will support the political transition to a free and democratic Libya: In what form will this “support” come? A “Western” democracy imposed on Libyans? What is that going to means for the Libyans? They used the same language when they attacked Afghanistan 10 years ago and Iraq 8 years ago. The US still insists it soldiers should have immunity in these countries. How will it be in Libya?

Chossudovsky: Well I think we have to understand both the nature of this military operation, the covert intelligence behind the rebels, as well as the extensive bombings of civilians infrastructure, residential areas, as well as schools, universities, hospitals which has taken place in the course of the last few months.

And particularly virtually continuous bombings, at night in Tripoli in the course of last few days. We are talking about 20,000 sorties, 8,000 strike sorties, In another words what has happened in the course of these last months, particularly in a last few weeks, is the destruction of an entire country, its infrastructure, institutions, very targeted, involving a lot of civilian casualties.

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Ron Paul calls for spending cuts before hurricane relief

Raw Story | David Edwards

The moment Hurricane Irene was sweeping through New York, Republican presidential candidate Ron Paul was calling for additional spending cuts before funding disaster relief.

The Texas congressman doubled down comments he made Friday that the nation was better off in the 1900s, before the existence of the Federal Emergency Management Agency (FEMA).

“Congressman, you would really at this point, do away with FEMA and all the things it’s doing to help hundreds of thousands of people along the East Coast?” Fox News Chris Wallace asked Paul.

“Have you ever read the reports that came out of New Orleans [after Hurricane Katrina]?” Paul laughed. “It’s a system of bureaucratic central economic planning, which is a policy that is deeply flawed.”

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Ron Paul should take Rick Perry to the woodshed

The Hill | Brent Budowsky

Rep. Ron Paul (R-Texas) should, and probably will, take Texas Gov. Rick Perry to the woodshed as America’s leading phony conservative flavor of the month, and launch the mother of all Ron Paul money bombs. While Ron Paul is an authentic libertarian Rick Perry, is a polyester political libertine who moves effortlessly from championing Al Gore to imitating Ron Paul.

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Lost in a Yemen Jail! … A DB Staffer Speaks About His Long, Strange Trip and the Secret Gulag America Has Built in the Middle East and Africa

The Daily Bell | Anthony Wile

Coming across the border of Yemen for some reason, a top Daily Bell gnome predictably (you really can’t send them anywhere) attacked a senior Yemen official with gustatory intentions. The ravenous gnome was then taken into custody and remanded to the second-most secure jail in all of Yemen, a political jail complete with dungeons, blindfolds and hundreds of incarcerated supposed al Qaeda prisoners. Foolish gnome! President Saleh’s police state was not created for his nutritional needs!

Daily Bell: We’re going to treat this interview as if we don’t know you or even, for the most part, what happened. So let’s begin with the most important question. Are you really a gnome?

Gnomish Staffer: Some days it feels so.

Daily Bell: What the hell were you doing in Yemen?

Staffer: Crossing over the border in a smuggler’s truck. They smuggle gas from Oman next door where it’s cheaper.

Daily Bell: So this is a true story?

Staffer: You can make up your own mind about the gnome – but the jail part is true. All that I’m going to relate here is the truth as I saw it and recall it. I was held in Yemen in a political jail.

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John McCain Pushed to Arm Gaddafi in 2009

The Humble Libertarian |

Could it get any more stupid than this? A new Wikileaks cable reveals that before he pushed hard for war this year against Gaddafi’s regime in Libya (by actually aiding Al Qaeda forces among the Libyan rebels with U.S. airpower ….yeah), Senator John McCain was the dominant congressional voice in pushing for military aid to Gaddafi in the form of providing lethal and non-lethal U.S. military equipment.

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Shanksville Resident Speaks Out About 9-11

American Free Press | Victor Thorn.

Has somebody actually located the spot where Flight 93—or a plane purported to be Flight 93—crashed near Shanksville, Pa. on Sept. 11, 2001? On Aug. 10, AFP’s Washington, D.C. office received a phone call from a woman in Cambria County, Pa. who will only be identified in this article as “Nicole.”

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Source: Teen in U.S. Custody in ‘Jihad Jane’ Plot

Fox News | Associated Press

A U.S. teen from Pakistan is in secret custody, accused of helping recruit terrorists for the woman known as “Jihad Jane,” a person close to the boy’s family said Friday.

Charges filed last month accuse the 17-year-old of helping Colleen LaRose in her alleged efforts to incite an Islamic holy war. Prosecutors have said LaRose was a convert to Islam who wrote of being driven by an urge to help suffering Muslims.

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9/11 After A Decade: Have We Learned Anything?

Global Research | Dr. Paul Craig Roberts

In a few days it will be the tenth anniversary of September 11, 2001. How well has the US government’s official account of the event held up over the decade?

Not very well. The chairman, vice chairman, and senior legal counsel of the 9/11 Commission wrote books partially disassociating themselves from the commission’s report. They said that the Bush administration put obstacles in their path, that information was withheld from them, that President Bush agreed to testify only if he was chaperoned by Vice President Cheney and neither were put under oath, that Pentagon and FAA officials lied to the commission and that the commission considered referring the false testimony for investigation for obstruction of justice.

In their book, the chairman and vice chairman, Thomas Kean and Lee Hamilton, wrote that the 9/11 Commission was “set up to fail.” Senior counsel John Farmer, Jr., wrote that the US government made “a decision not to tell the truth about what happened,” and that the NORAD “tapes told a radically different story from what had been told to us and the public.” Kean said, “We to this day don’t know why NORAD told us what they told us, it was just so far from the truth.”

Most of the questions from the 9/11 families were not answered. Important witnesses were not called. The commission only heard from those who supported the government’s account. The commission was a controlled political operation, not an investigation of events and evidence. Its membership consisted of former politicians. No knowledgeable experts were appointed to the commission.

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Cell Phone Deals on Craigslist

Gary North |

This was posted on one of my site’s forums. It deserves wider circulation.

* * * * * * *

If you have a cell phone contract, whether one year, two year, or whatever, you probably get discounts on phones when the contract is just about up. If you stick with the same type of phone when you upgrade, or maybe even get a higher level upgrade a bit, here’s how you can possibly pay nothing at all when you upgrade…

The last time I upgraded to a new phone for $85 total after the rebate (a smart phone at that), they wanted to buy back my old smart phone for $27. My spidy sense went off and I wondered if I get more for it somewhere else, even though I didn’t know anyone who wanted my phone. It turns out I was right…

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Why Aren’t There Urinals In Houses?

Weakonomics |

Boys, everywhere you go you use a urinal to tinkle. I counted yesterday and I used a urinal twice as often as I use a toilet. And it’s only at home when I don’t have access to one. Why is that?

Urinals use a lot less water than toilets, and most people don’t subscribe to the “if it’s yellow let it mellow” phenomenon so we aren’t getting any water conservation that way. And ladies, if you don’t know, they make urinals that don’t use any water now too.

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The Many Collapses of Keynesianism

Lew Rockwell Jr |

It should be obvious to everyone but the most dedicated adherent of Keynesianism that the stimulus did not accomplish its end. The combination of outright spending by Congress, the desperate schemes to reflate the housing market, the attempt to transfuse bleeding firms with other people’s money, and the creation of trillions in artificial money, has not done a thing to lift the US economy.

Actually, the reverse has been true. All these efforts have prevented the adjustment of economic forces to the post-boom world. And all the resources that the stimulus consumed were extracted from the private sector, for we must always remember that government has no resources of its own. Everything it does must come from the hides of private producers and the citizenry in general, in the future if not immediately.

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Ron Paul: Why a Top-tier Candidate Is Ignored by Republicans

The New American | Jack Kerwick, Ph.D.

It is hard not to be amazed by the blackout of media coverage of Ron Paul’s presidential campaign. Had Newt Gingrich, Herman Cain, Rick Santorum, Jon Huntsman, or any second-tier candidate been performing remotely as well as Paul has, he would no longer be regarded as a “second-tier” candidate. To the credit of such left-leaning outlets as Jon Stewarts’ The Daily Show and The Huffington Post, this phenomenon has not gone unnoticed by everyone.

Let’s think about this.

In spite of the extent to which Paul has been ignored by the establishment media in both of its leftist and rightist varieties, he unfailingly elicits explosive applause in every GOP presidential primary debate in which he has participated. A Fox News poll, of all places, shows that the overwhelming majority of its respondents hold that Ron Paul achieved a decisive victory over all of the other candidates in the most recent debate in Iowa. Of 7,991 “active” cities nationwide that participated in the poll, and 43,293 total votes, 27,459 people thought that Paul won the debate. Newt Gingrich came in second place — with 5, 906 votes.

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BBC Responds Over False Tripoli Footage

PrisonPlanet.com | Steve Watson

For what it’s worth here is a response from the BBC concerning footage it ran on August 24, claiming a gathering in India, with people waving Indian flags, was actually footage of celebrations from a liberated Green Square in Tripoli:

Dear Mr Watson,

Thanks for contacting us regarding ‘Breakfast’ broadcast on 24 August on BBC One.

We understand you were concerned that incorrect footage was shown during a report on the latest developments from Tripoli, and that images from India were broadcast instead.

We forwarded your complaint to ‘Breakfast’ Editors who explained in response that they realised within moments that they were showing the wrong footage and quickly took it down.

They also apologised immediately and pointed to how the problem was caused by confusion over a “feed” coming in to television centre from the international agencies.

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August 26, 2011

Soviet style Police State right here in the US

The New York Police department has been using CIA style techniques on it’s own citizenry for over a decade.  The department has used tactics like this back in the 1960’s against anti war protest groups. (BOSS) Bureau of Special Services infiltrated such groups and gathered information on their members.  This information was not just used and held by the police department but was also give to various licensing groups such as the bar admissions committee.  This resulted in many people due their political affiliations from gaining employment or licensing for their desired careers.

In addition to the surveillance on these groups and implementing the use of agent provocateurs according to the late Frank Donner who studied and investigated Red Squads and COINTELPRO programs and other agencies to infiltrate organizations suspected of political dissent.  The provocateurs would infiltrate the groups and induce citizens to commit crimes or plan to commit crimes which would lead to their arrests.  Today with a modification of the Handschu Decree in 2003 these very practices are being used again against American citizen all in the name of security.  But has history taught us nothing.  Ben Franklin put it best ,”They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.”

Today we have police running similar operations in New York, Cleveland, Boston, Minneapolis, Detroit, Portland (Oregon) and Washington D.C.  Pretty much any city that has a Muslim population of any size.  The reasons for these measures are often less than altruistic and more about a power grab and the ability of the powers that be (PTB) being able control a population when they decide enough is enough and take action against the corporatism and political shenanigans that are going on at the Federal, State and even local level.

Anti-Gun, enemy of liberty New York Mayor Micheal Bloomberg had this to say when defending this evil program.  “In the end the New York City Police Department’s first job is prevention, and I think they’ve done a very good job of that.” We I hate to put a wrench in the works but hey dummy the police are supposed to respond to crimes and then investigate.  Not create them and then arrest the same people who they talked into taking part in these crimes.

Presidential hopeful and Republican front runner 11 term Congressman Ron Paul put it best this week when he stated;

“Freedom is not defined by safety. Freedom is defined by the ability of citizens to live without government interference unless they use force or fraud against others. Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. Liberty has meaning only if we still believe in it when terrible things happen and a false government security blanket beckons”. 

We as citizens must push the Justice Department, Congress, city councils across the nation to investigate this actions and put a stop to them.  Otherwise you could be their next target!

August 26, 2011

August 26, 2011

FBI Organizes Almost All Terror Plots in the US

Lew Rockwell.com | Russia Today

The Federal Bureau of Investigation employs upwards of 15,000 undercover agents today, ten times what they had on the roster back in 1975.

If you think that’s a few spies too many – spies earning as much as $100,000 per assignment – one doesn’t have to go too deep into their track record to see their accomplishments. Those agents are responsible for an overwhelming amount of terrorist stings that have stopped major domestic catastrophes in the vein of 9/11 from happening on American soil.

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Gold and Interest Rates: More than Joined at the Hip

GoldSeek.com | Rob Kirby

Interest rates to remain at zero for the next two years.” Those were the words of Fed Chair – Sir Benjamin of Bernanke last week. With inflation beginning to pick-up – the notion that rates would remain at zero for a prolonged period of time seems “paradoxical” to conventional economic thought. There have been other misunderstood ‘paradoxes’ in economics in modern times. Here’s how Wikipedia explains the relevance of this famous benchmark in economics:

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Creepy Crawly Preparedness

Preparedness Pro | Kellene Bishop

Generally speaking, insects, mice, and other pests and vermin are enemies of our self-reliance. While there are many gidgets and gadgets today to help rid our lives of these nuisances, we really do need to look at addressing such problems without the presumption that we’ll have the luxury of such comfortable tools in the future. I would suggest specifically being capable of handling mice, rats, spiders, ants, excess flies, bed bugs, crickets, and mosquitoes, etc. as these intruders can compromise the viability of even the best self-reliance efforts.

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Green Light More Education Tax Credits

Commonwealth Foundation | MATTHEW BROUILLETTE

Would you ever give a green light or a hard-earned nickel to a business model that showed it was going to hire more staff to service fewer customers by doubling the cost of production while keeping the quality substandard and worse than the global competition? Of course not, but that is exactly the model Pennsylvanians invested in through the public education system in the last decade.

Pennsylvania public school spending has rapidly increased despite declining enrollment, with little growth in academic achievement to show for it. Since 2000, public school spending rose 68 percent, from $15.3 billion to $25.8 billion in 2009-10. Over that time, enrollment in Pennsylvania public schools declined by 26,960 students, while schools have hired an additional 32,937 employees.

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Marc Faber: don’t store your gold in the United States

Sovereign Man | Simon Black

As usual, the CNBC hosts were completely dumbfounded.

Phoning in from Sao Paulo, Brazil, investment guru Marc Faber was a guest on CNBC last week, once again telling the unvarnished truth about the state of the world economy and bankrupt western nations.

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10 Major Conservative Voices Saying Great Things about Ron Paul

The Humble Libertarian | : W. E. Messamore

on’t think Ron Paul is conservative enough? Or that he can capture the imagination and support of the conservative mainstream? Just listen to what some of these major conservative voices have had to say about Ron Paul:

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On the Brink of Inflationary Disaster

Daily Mises | Bob Murphy

Ever since Ben Bernanke began his massive infusions of money into the financial system, many analysts (including me) have been worried about the severe weakening of the dollar if and when the fractional-reserve-banking system magnified the initial injections severalfold.

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Your Portfolio of Lies

Lew Rockwell.com | Gary North

Years ago, I bought a domain name: http://www.NeverSayRetire.com.

I did this because I have long been aware of a crisis that will face tens of millions of Americans. They will not be able to afford to retire.

Every Western government has lied to its citizens, All have promised to provide an old age safety net. These promises will soon be broken.

Americans have long accepted these promises at face value. They have not applied a discount for the high risk of a government default on its IOUs. They have also not applied a discount for price inflation to compensate them for a politically inevitable policy.

Yet they are becoming vaguely aware that the government will in some way wiggle out of its obligations. Anyway, they say they think this. But they take no practical steps to hedge their portfolio of lies.

This is why I conclude that there is enormous self-deception in all adult age groups in the United States regarding the prospects of retirement. This self-deception is so comprehensive and so widespread that I have doubts about people’s ability to make assessments and then make decisions that are consistent with their assessments.

The financial media are beginning to publish articles about how millions of Americans will not be able to afford to retire. Americans have not saved enough money, we are told. This is accurate.

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5 things the media isn’t telling you about human activity and earthquakes

Raw Story | Nora Eisenberg

Shortly before midnight Mountain Time on August 23, the largest earthquake in Colorado in more than a century, with a magnitude of 5.3, sent tremors as far away as Kansas. Some twelve hours later, a magnitude 5.8 earthquake centered in Northern Virginia sent shock waves as far away as Toronto. The local damage in each event did not appear extensive, though structural effects, on bridges, tunnels, nuclear power plants and more are yet to be determined.

Through the afternoon and evening of August 23rd, the national media uncovered the big story of the East Coast quake: where their colleagues posted in New York or Washington were and what they thought when they felt a bump, sway, rumble or funny feeling.

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Technology Keeping Internet Freedom Ahead of Censorship

New American | Bob Adelmann

Efforts by the Federal Communication Commission (FCC) to regulate the Internet may become irrelevant if the new technology being developed succeeds as expected. When the U.S. Court of Appeals for the District of Columbia ruled against the FCC last December, the FCC rewrote its rules to allow them to regulate the Internet anyway through the whitewash called “net neutrality.” Verizon immediately filed suit to overrule the new attempt, and a House subcommittee in March voted to invalidate the actions of the FCC. But the new rules remain in place until the issue is decided.

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Berkshire Hathaway Invests $5 Billion in Bank of America

CNBC | By: Reuters

arren Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis.

Bank of America [BAC 7.69 0.70 (+10.01%) ] shares jumped to trade at $8.80 in Thursday trading before dropping later in the day. Shares were trading at $7.73 by early afternoon.

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August 25, 2011

The Real Rick Perry

Rick Perry was the Lieutenant Governor of Texas under George Bush in 1998 and then became governor of the state in 2000 when Bush resigned to become President. He ran for Governor and won most recently in 2010. He promised the great folks in Texas that he would serve his entire term if re-elected. Well I guess that is lie number one for Mr. Perry.
Perry comes off as a good ol’boy who believes in the 10th amendment and protecting individual liberties and rights. He even stated this at a Tea Party event in 2009 when he was running for governor. Well if this where so why is he attempting to run for the head of the very Federal government he railed against in 2009?

His stance on individual rights is not any better. Take a look at his attempt force girls in Texas to take a less then safe vaccines to prevent cervical cancer. This sounds like a laudable goal but this vaccine is to protect against HPV which is sexually transmitted and the girls that would be forced to take this drug are not at the age you would expect a lot if any sexual activity (11-14). If a parent feels that their daughter would benefit from the vaccine they can take her to the doctor and have it administered. But a state forcing the issue is an affront to personal choices and liberty. In addition to the civil liberties problems there is also the issues related to the safety of the vaccine. In an article written on NaturalNews.com which points out that over 8,000 adverse reactions have been reported as well as 48 deaths as of 2009.  So again Mr. Perry has chosen top down government knows best over allowing people to decided what is best for them and their families.

Well he may be wrong on these issues but he was great for the state of Texas and helped cut the budget and put them on a sound financial footing.  Wrong, According to the Economic Policy Journal  The lone star state is in some dire straights in terms of it’s fiscal stability.  “Depending how it is calculated, the debt of the state of Texas could be considered as high as $269 billion, which on a per citizen basis is $10,644 and is higher than even the $9,931 per citizen debt in the state of California.  In 2000, when Perry first became governor, total spending by the state of Texas was $49 billion. At the end of 2010, it was $90 billion.”

Well what about the job growth he has created in Texas?  Should we be amazed by how he grew jobs in a down economy?  No, Pro Libertate points out that the jobs that have beeno created are a result of counterfeit money labeled Federal stimulus. These dig ditches and then fill them out jobs have cost US taxpayers between $130,000 and a million dollars a job plus interest on the debt used to create this money.

So he hasn’t been on honest on these issues but he is a true small government Republican at least that is true right?  Sorry to say it again (no I’m not) your wrong.  Slippery Mr. Perry was the Texas head of the Al Gore campaign in 1988 and his carbon credits/global warming scam.  You can see this as it has been implemented by going to the Texas Forest Service website where they promote this scheme of trading credits on the Chicago Climate Exchange which is owned by Al Gore and friends.  In addition to his link to Al Gore, Mr. Perry was a Democrat until 1989 sound like another fellow we know who flipped between the parties in the past few years.  I’ll give you a hint Arlen Specter.  So with all that I put forth to you today do you still think Rick Perry is a good choice for President of the United States?  I personally would not want a man of this character running this country at this time in history.  If I am wrong please tell me.

August 25, 2011

August 25th, 2011

The Budget Deal May Not Last Until Christmas

Capital Gains and Games | Stan Collender

OK…I’ll admit that saying the agreement will be gone by this Christmas is likely (but not necessarily) an overstatement.

But saying that the “Budget Control Act” — the debt ceiling increase/deficit reduction deal signed into law on August 2 — isn’t likely to be in place on January 1, 2013, or to have it’s projected impact over the full 10 years it supposed to be in effect is anything but an exaggeration.

The reason? Federal budget agreements have seldom, if ever, gone the distance. Instead, they have always been changed, waived, ignored or abandoned long before they were scheduled to expire.

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Judge rules warrant required to obtain cell phone location data

The Raw Story | Eric W. Dolan

A federal judge in Brooklyn ruled Monday that the federal government must establish probable cause and secure a warrant before obtaining records about a cell phone user’s location, saying it violated the Fourth Amendment’s protections against unreasonable searches, according to the New York Law Journal.

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American Workers Deserve Better Than This

Mises Daily | Christopher Westley

Why can’t everyone who wants a job, or a better job, just find one? In a perfect world, this would be the case. Sadly, the recently released employment figures for June indicate that the world in which we live is still far from perfect.

Nationally, unemployment still lingers in the low nines, with job growth clocking in at a meager 18,000 — a figure that will surely be revised downward.

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Obama 39%, Paul 38%

Rasmussen |

The president and the maverick are running almost dead even in a hypothetical 2012 election matchup.

Texas Republican Congressman Ron Paul earns 38% of the vote to President Obama’s 39% in the latest Rasmussen Reports national telephone survey of Likely U.S. Voters. Fourteen percent (14%) like some other candidate, and eight percent (8%) remain undecided. (To see survey question wording, click here.)

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Social Security disability on verge of insolvency

Yahoo News | STEPHEN OHLEMACHER

Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.

Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.

The stampede for benefits is adding to a growing backlog of applicants — many wait two years or more before their cases are resolved — and worsening the financial problems of a program that’s been running in the red for years.

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US government asset seizures on the rise

Sovereign Man | Simon Black

he Wall Street Journal published a disturbing article earlier this week entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty.”

You can already imagine the crux of the article.

In the United States, there are hundreds of regulations which authorize dozens federal agencies to confiscate private property– homes, cars, bank accounts, gold, company shares, and even personal effects.

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The upside for gold and silver will knock your socks off – Embry

Mineweb.com | Geoff Candy

For many commentators, gold is considered not only a constant store of value but, also, a barometer for the health of the global economic system and the currencies that pump through its veins.

For, John Embry, chief investment strategist at Sprott Asset Management, the current parabolic rise in prices, which have beat even his optimistic performance expectations this summer, is indicative of the unsustainable debt situation in which the world now finds itself.

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Silver Prices To Reach Record Levels, Experts Says

Personal Liberty Digest |

While many investors have focused on the record levels that gold has reached in the past several weeks, the price of silver has gone up at a significant rate and has kept pace with the yellow metal, Barrons reported.

Industry experts have predicted that silver prices could top $50 an ounce over the next several months, as the rise of the value of gold may lead traders to favor a different commodity due to the amount of money that has been moved from the currency markets, according to the news outlet.

“Silver will benefit from the same factors as that of gold from rising investment drivers. Until the global macro situation gets clearer, prices will go higher,” Paul Walker, global head of precious metals at GFMS, said in a market review.

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The Truth About the Situation in Libya: Cutting through Government Propaganda and Media Lies

Global Research | Brian Becker

Libya is a small country of just over 6 million people but it possesses the largest oil reserves in all of Africa. The oil produced there is especially coveted because of its particularly high quality.

The Air Force of the United States along with Britain and France has carried out 7,459 bombing attacks since March 19. Britain, France and the United States sent special operation ground forces and commando units to direct the military operations of the so-called rebel fighters – it is a NATO- led army in the field.

The troops may be disaffected Libyans but the operation is under the control and direction of NATO commanders and western commando units who serve as “advisors.” Their new weapons and billions in funds come from the U.S. and other NATO powers that froze and seized Libya’s assets in Western banks. Their only military successes outside of Benghazi, in the far east of the country, have been exclusively based on the coordinated air and ground operations of the imperialist NATO military forces.

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Motion Papers and Oral Argument Transcript from Meshal v. Higgenbotham

Lawfare | Robert Chesney

In November 2009, the ACLU brought a suit on behalf of an American citizen–Amir Meshal–against two FBI agents and two unnamed officials, alleging the following: that he went to Somalia in 2006, that he fled the fighting there but was arrested and detained in Kenya, that he was later sent back to Somalia and then to Ethiopia, that these detentions and transfers were at the behest of the U.S. government, and that the defendants violated Meshal’s constitutional rights by threatening him with torture, enforced disappearance, and execution in order to induce a false confession

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A Look Back: Nixon Ends Bretton Woods International Monetary System

The Daily Bell | Richard Nixon

On August 15, 1971, President Nixon announced on TV 3 dramatic changes in economic policy. He imposed a wage-price freeze. He ended the Bretton Woods international monetary system. And he imposed a temporary surcharge (tariff) on all imports. The Bretton Woods system was created towards the end of World War II and involved fixed exchange rates with the U.S. dollar as the key currency – but also a role for gold linked to the dollar at $35/ounce.

Almost immediately after President Richard Nixon took the US off the gold standard, the price of gold began to rise and the dollar lost value and has been increasing in value, cyclically, ever since.

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Legal Obedience

Townhall.com | Walter E. Williams

What laws are we morally obligated to obey? Help with the answer can be found in “Economic Liberty and the Constitution,” a 66-page pamphlet by Jacob G. Hornberger, founder and president of The Future of Freedom Foundation.

Hornberger offers a hypothetical whereby Congress enacts a compulsory church attendance law that requires children to attend church service each Sunday. Parents are penalized if their children fail to comply. Would there be any moral or constitutional legitimacy to such a congressional mandate?

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Cop Rapes Woman at Gunpoint, 11-Year-Old Rape Victim Smeared, Accuser Sued for $2 Million: Is US Society Failing Victims?

AlterNet | Sarah Seltzer

If events of the last few months have sent any sort of message to women in America it’s this: if you’re raped or sexually assaulted, justice won’t be on your side.

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What Are They Afraid Of?

TomMullen.net | Tom Mullen

In this interview, Ron Paul inadvertently coined what should be the new slogan of his campaign.“What are they afraid of?”

He was talking about the blatant suppression by the media of any positive news about his campaign. For the few somewhat principled journalists that have admitted that it is intentional, the excuse offered has been that the media ignore him because he can’t win. However, this is counterintuitive. Is it not largely media coverage that propels candidates to the “top tier” in political races? Does anyone seriously believe that even Ronald Reagan or Bill Clinton would have won their respective primaries, much less the presidency, if the media had not covered their campaigns?

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Getting to Know Scholar Thomas E. Woods, Jr.

Harvard Political Review | Naji Filali

Thomas E. Woods, Jr. ‘94 is a Harvard alumnus who contributes to modern libertarian thought: a rare combination. He received his bachelor’s degree in history, and then moved on to Columbia, where he earned his master’s, M.Phil., and Ph.D. Today, Dr. Woods is a senior fellow of the Ludwig von Mises Institute and continues to add to his credentials, both as a traveling scholar-orator and as a New York Times bestselling author of eleven books, dissecting a broad range of topics spanning states’ rights, Church history, and the causes of the economic meltdown. Dr. Woods keeps company with liberty-minded luminaries such as Ron Paul (who wrote the foreword to Woods’s book Meltdown) and Judge Andrew Napolitano, and the Harvard Political Review is delighted that he has taken time out of his busy schedule to sit down with us.

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August 24, 2011

Wasted on Drugs

Thomas G. Brown |

The drug war was declared in the country in 1971 but the ethically challenge Richard Nixon when he was President. We actually started creating a criminal out of folks who used drugs in 1935 with the Uniform State Narcotic Drug Act which was signed into law by Franklin D. Roosevelt.  Th prohibition of Alcohol that lasted 14 years obviously taught us nothing about the cost in terms of human life, and the increase in the power and wealth of criminal organizations.  Not to mention the corruption of police and elected officials by the banning drugs or alcohol and sending them to the black market.

You can see the effects of the prohibition of alcohol on the HBO series Boardwalk Empire. This show based on the real Enoch “Nucky” Thompson the corrupt Treasurer of Atlantic City in the 1920’s and 30’s. Thompson makes back room deals and millions of dollars of the manufacturing and distribution of what was illegally imported alcohol from Canada. Well if you look at today’s prohibition on the use of drugs you will see similar corruption going on in cities and towns through the United States. In addition our prohibition on drugs has turned Northern Mexico into a war.

Mises Scholar  puts it this way in a 1999 article he wrote titled The Statist Drug War.

Far better if we could end the federal drug war and turn the matter back to the states. They might prohibit drugs entirely, which they could do much more effectively than the federal government, the only competence of which is oppressing the innocent and expropriating the productive. Surely if we can prevent people from lighting up stogies in public places, we can prevent ingestion of more dangerous substances where they cause a public problem.

Or a state might make certain items available at specified times and conditions and quantities at legal market prices in state-owned or state-licensed stores, as is the case with alcohol. All states would certainly prohibit sale to the under-aged, though the exact limit might vary. The drug problem would be reduced to the dimensions of the alcohol problem, which is the most we can expect.

If we went back to the Constitution and the 10th Amendment which states the following.

  "The powers not delegated to the United States by the Constitution, nor
prohibited by it to the States, are reserved to the States respectively,
or to the people."

What this means is that those posers not specifically outline by the Constitution as delegated to the  Federal Government is seceded back to the states or more specifically the citizens as they are the ultimate creators of this government. Below I outline the cost to the tax payer in terms of money spend on the drug war as well as the amount of folks arrested and incarcerated this year alone.

State and Federal Funds spent on the drug war equals $26 billion dollars. This number comes from Drug Sense. In addition to the monetary cost we had the human cost which is the amount of folks arrested, and sent to prison for the simple reason that they enjoy ingesting a substance that the government has banned. This year alone 1,077,913 folks have been arrested for violating drug laws in the United States. This number is from the Federal Bureau of Investigation website. Out of the million people 556,209 was for marijuana violations. In addition 7,000 plus individuals have been send to prison this year due to drug violations which increase the already over extended prison population in this country.

I hope people come to their senses on this issues and side with liberty and the Constitution on this issue and leave the rhetoric and fear mongering those who feel they need to control your life!

August 24, 2011

August 24, 2011

SA mine nationalization debate down but not out as Malema struggles

Mineweb.com | Jon Herskovitz

A debate on nationalising South Africa’s massive mining sector that is rattling markets is set to fade with its most outspoken proponent, ANC Youth League leader Julius Malema, facing charges from his owner party that could derail his political career.

In the past days, Malema has been hit with a disciplinary action where the ruling African National Congress could expel him from its ranks, a police probe into a possible slush fund and a public protector investigation on possible shady dealings by a construction firm linked to the youth leader.

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Why Are We Baiting the Bear

Lew Rockwell.com | Patrick J. Buchanan

Is the Senate trying to reignite the Cold War?

If so, it is going about it the right way.

Before departing for a five-week vacation, the Senate voted to declare Abkhazia and South Ossetia to be provinces of Georgia illegally occupied by Russian troops who must get out and return to Russia.

The Senate voice vote was unanimous.

What is wrong with Senate Resolution 175?

Just this. Neither Abkhazia nor South Ossetia has been under Georgian control for 20 years. When Georgia seceded from Russia, these ethnic enclaves rebelled and seceded from Georgia.

Abkhazians and Ossetians both view the Tblisi regime of Mikhail Saakashvili, though a favorite of Washington, with contempt, and both have lately declared formal independence.

Who are we to demand that they return to the rule of Tblisi?

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Gold Market Update

Gold321.com | Clive Maund

In the last update, despite being extremely overbought, gold was expected to advance to even higher levels, for various reasons, principally the COT readings and the bullish volume pattern. I gave a target in the $1900 area, and that target was very nearly attained on Friday when gold hit $1881 intraday, before reacting back to close well off its day’s highs.

Gold is now monstrously overbought and has finally caught the attention of the mainstream media who are all over it. These factors alone are regarded as making the probability of it reversing soon very high, and if we look at the charts we can see good reasons why it should react back shortly.

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The Illusion of Safety

Texas Straight Talk | Congressman Ron Paul

Recent incidents of violence in Norway and London have made us understandably uncomfortable here at home, as many fear that a worsening economy will lead to violence and unrest in American cities. This is why Congress must view the economy as its first priority and a matter of national security: unless and until we get our fiscal house in order to foster economic growth, civil society will continue to deteriorate.

The fundamental lesson every American should learn from these incidents is that government cannot protect us. No matter how many laws we pass, no matter how many police or federal agents we put on the streets, a determined individual or group can still cause great harm. Both Norway and England have strict gun control laws, and London in particular has security cameras monitoring nearly all public areas. But laws and spy cameras are useless in the face of lawless mobs or sick mass killers. Only private individuals on the scene could have prevented or lessened these tragedies. And we should remember that theft, arson, and property damage were not the only criminal acts in London–innocent bystanders were assaulted and killed as well. In those instances deadly force used in self-defense would have been fully justified.

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MI6 Directed Rebel Terrorists In Tripoli Siege

Infowars.com | Paul Joseph Watson

Even as the establishment media continues to portray the rebel assault on Tripoli as some kind of organic uprising, it has now been admitted that British intelligence played a key role in directing the siege, and in doing so continued their long-standing relationship with Al-Qaeda terrorists.

“MI6 officers based in the rebel stronghold of Benghazi had honed battle plans drawn up by Libya’s Transitional National Council (TNC) which were agreed 10 weeks ago,” reports the London Telegraph.

“The constantly-updated tactical advice provided by British experts to the rebel leaders centred on the need to spark a fresh uprising within Tripoli that could be used as the cue for fighters to advance on the city.”

The MI6-orchestrated raid on Tripoli was preceded by bombing runs by RAF fighter jets over the weekend that targeted key Gaddafi communications facilities.

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New national debt data: It’s growing about $3 million a minute, even during his vacation

Los Angles Times | Andrew Malcolm

Top of the Ticket
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New national debt data: It’s growing about $3 million a minute, even during his vacation
August 23, 2011 | 5:32 am

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Obama Reid Pelosi happy, file

Swallow all liquids in your mouth before reading any further.

Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.

When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.

That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.

Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn’t been closed.

Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.

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China Offshoring The Collapse Of The Western World

The Trends Journal | Paul Craig Roberts

How big is planet earth? Large if compared to the moon, small if compared to the solar system, and infinitesimal if compared to the universe. The point is that the size of something depends on that to which it is being compared.

The San Francisco Federal Reserve Bank http://www.frbsf.org and offshoring’s shills forgot this simple point. On August 8 the SF Fed put out an Economic Letter in which US imports of goods made in China (both by Chinese and US firms) were explained away as a mere 2.7 percent of US personal consumption expenditures.

I am confident that the staff of the SF Fed were competent to get the percentage correct. But does it mean anything? No.

For most Americans, their income is used up on housing, energy, car payments, food, and medical care. Very little income is left, especially these days, for durable (for example, furniture and household equipment) and nondurable (for example, clothing and shoes) manufactured goods.

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FCC finally kills off fairness doctrine

Politico | BROOKS BOLIEK

The FCC gave the coup de grace to the fairness doctrine Monday as the commission axed more than 80 media industry rules.

Earlier this summer FCC Chairman Julius Genachowski agreed to erase the post WWII-era rule, but the action Monday puts the last nail into the coffin for the regulation that sought to ensure discussion over the airwaves of controversial issues did not exclude any particular point of view. A broadcaster that violated the rule risked losing its license.

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U.S. Pledges No Ground Troops in Libya, But…

Wired | Spencer Ackerman

Through six months of war in the skies over Libya, the Obama administration has had one big, fat red line: it won’t put any troops on the ground. Except that red line turned out to be permeable, as CIA operatives made their way to the shores of Benghazi. And as the fall of Tripoli turns into a battle for the city, NATO isn’t closing the door on sending western peacekeeping forces to Libyan soil.

During a press conference on Tuesday in Brussels, NATO spokeswoman Oana Lungescu assured that there will be “no NATO troops on the ground in the future.” Only Lungescu left herself some wiggle room. Should the United Nations or Libyan revolutionaries request it, NATO “is willing to help in a supporting role,” she said, without elaborating.

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