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Today
Jeff Nielson replied to the topic Re: The original corporate raiders in the forums.
Fascinating stuff Earl.

While most of the historical context no longer applies to our (modern) world in specific terms, the general PARADIGM contains many notable parallels. First of all; we have a basic equation of human commerce/business/economics:

Big = Bad
Bigger = Worse
Biggest = Worst

As the East India Company became larger, and thus (automatically) more powerful, it also (automatically) became more MALEVOLENT. What do you do once you're the "biggest" entity (in anything)? You try to STOMP-OUT any/all competition.

With the East India Company's physical trading empire; it tried to stomp-out competition through its own fleet of marauding pirates -- the psychopaths of that era. It's thus only natural (and poetic justice) that some of those psychopaths turned on their Master.

What do we see today, with the One Bank's (criminal) financial empire? It, too, does anything/everything it can to stomp-out competition. But instead of using pirates; it uses "financial regulators", its puppet-governments, and its own financial crimes to destroy any/all competition.

This is why, for well over a century, we have had "anti-trust laws" across the Western world: to specifically PREVENT any entity from becoming even a tiny fraction as large/powerful as the East India Company. The fact that we have a crime syndicate today which is proportionately even larger than the East India Company is proof of how corrupt/negligent our governments have been in (not) enforcing these laws.
12:46 PM
Rory, I was interested in what would be in this clip, but the link is dead, and I can't find this feature on your site anywhere...???
10:12 AM
Yesterday
Earl replied to the topic Re: The original corporate raiders in the forums.
To the Community,

This is really a fascinating thread. Deep history. Great research, as Dylan always presents.

I had to go to the company site. Knowing what we know, it made it all an interesting adventure. "Spices" and the current thread bullionbullscanada.com/bulletin-boards/1...nvest-in-foodq#32291

I gotta take a company line here-

They were explorers, traders, innovators. They took risks, they broke new ground and they sometimes got it wrong.

They were pioneering; creating many of the means and rules of commerce we use today.


I could write a better line-

At the East India Company, We just- Innovate, Decimate, Desecrate.

"Thank You", Dylan for a fascinating thread-

Earl

The East India Company

Heritage

www.theeastindiacompany.com/

Since its creation in 1600 by The Royal Charter granted by Queen Elizabeth I, the influence of The East India Company has been well documented. Without The Company our world would not be as it is today.

It changed the world’s tastes, its thinking, and its people. It created new communities, trading places, cities and shaped countries and commercial routes.

Singapore and Hong Kong were established by The Company and India was shaped and influenced by it. At one point The Company had the largest merchant navy in the world and conducted and controlled 50% of world trade.

With statistics like that it’s easy to forget that at its heart, were real people.

Our heritage is in the spirit of those pioneers. The East India Company’s employees did not set out to change the world. They were people who set sail to establish trade routes, to discover and bring back new goods, and in doing so broke down the barriers of the world.

They were explorers, traders, innovators. They took risks, they broke new ground and they sometimes got it wrong.

They were pioneering; creating many of the means and rules of commerce we use today.

They were individuals, living by the rules of their times – determined, entrepreneurial and human – who were driven by their passion and enthusiasm; the same qualities that drive our team today.


The Company Today

www.theeastindiacompany.com/

When you hear our name you will probably already have a sense of who we are. You may think of the exotic; of distant shores and bustling ports. Perhaps you see explorers, adventurers, pioneers, or swashbucklers. You may smell delicate spices, feel the gentle folds of calicos and silks, or sense the diversity of colourful cargoes. That’s the beauty of our brand.

Deep within the world’s sub-consciousness is an awareness of The East India Company, a powerful picture of who we are. You’ll feel something for us, you’ll have a connection to us, even if you don’t know us. This gives us a unique opportunity. We don’t have to tell most people we exist, nor tell them what to think and feel – with it comes a responsibility – to live up to our reputation as pioneers, to bring extraordinary goods from around the world to our discerning customers, and to do it fairly, ethically and honourably.

Did You Know?

www.theeastindiacompany.com/

CRICKET

Cricket was first played in India in 1721 by the officers and men of an English ship. The game became popular in all the Company’s Presidencies and the Calcutta Cricket Club was founded in 1792.

PUNCH

paunch punch drink east india companyPunch was a favourite with the Company’s employees in India. The word is from the Hindustani “Panch” meaning five. This refers to the five ingredients then used in the drink, namely tea, arrack, sugar, lemons and water.

TEA LADIES

The Company created England’s first ‘tea lady’. A Mr & Mrs Harris were appointed to look after the Company’s HQ in 1661. Mrs Harris took charge of brewing tea for committee meetings. The custom of tea breaks was born!
THE USA AND HAWAII FLAG

modern east india company flagThe flag of The East India Company, which initially consisted of a St Georges Cross and later a Union Flag and stripes. The East India Company flag is reputed to be the inspiration for the Stars and Stripes and the state flag of Hawaii.

PIRATES, THE LEGENDARY CAPTAIN KIDD

During the 17th, 18th and 19th centuries piracy was rampant in the Indian Ocean and South China Sea. The East India Company hired Captain Kidd to help combat the problem as a “Private Man” and he was given a commission to command a “private man of war” as follows:
captain kidd east india company“Now know ye, that we being desirous to prevent the aforesaid mischiefs, and as much as in us lies, to bring the said pirates, freebooters and sea-rovers to justice, have thought fit, and do hereby give and grant to the said Robert Kidd, to whom our commissioners for exercising the office of Lord High Admiral of England, have granted a commission as a private man-of-war, bearing date the 11th day of December, 1695,)”

Kidd soon recognised that he could make more as a pirate himself and did not confine himself to attacking only pirate ships and competitive foreign vessels. As the legendary Captain Kidd he sailed the high seas, terrorising and looting legitimate traders, as The Crown saw it. Kidd was hanged for piracy and murder in London on May 23, 1701. The sometimes ambiguous nature of “private mans” role is summed up by this quotation: “It was William Kidd’s misfortune to sail the seas as a privateer just when the rules changed and the privateer became an outlaw…”

FACTORY

The word factory originally meant an East India Company trading station. Each consisted of an office, warehouses and living accommodation, rather than a manufacturing facility. The word factory comes from factor. A factor was a Company buyer/seller. Staff were promoted by grades: writer, factor, junior and senior merchant. Usually spending three years at lower levels before moving up the ranks.
04:52 PM
Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
Despicable news, Earl.

Understand how these Corporate lackeys SERVE the One Bank -- while they RAPE their own companies. There is no "benefit" of any kind in this merger. There will be no "efficiency gains". There will be no societal benefit of any kind.

These mega-corporations were ALREADY far too large for this merger to have created any "efficiencies of scale". On top of that; with all of these mergers, the acquiring company must BORROW huge sums of money to finance the purchase. Thus these two mega-corporations will become one, larger, less-efficient behemoth.

Note that these companies are already illegally too large, thus this merger is also totally illegal. We have had (anti-trust) LAWS to prevent any companies from getting this large, for over a hundred years. Our corrupt governments have stopped enforcing those laws.

Thus the senior exectutives will pay themselves each other $10's of millions (or $100's of millions) in "bonuses" for this pointless merger, and the One Bank will collect lots more interest on their new debts, and WE will all pay higher prices for our ketchup and pickles and everything else produced by this evil entity -- in order to PAY THE INTEREST to the One Bank, and pay the "bonuses" of the thieving Executives.

Oh, there will be one other consequence too:

James Angel, an associate professor of finance at Georgetown University's McDonough School of Business, said that will probably result in job losses.

"Even though it is painful for the people involved, those resources will be freed up for other, potentially more productive, uses," he said.


Those people will lose their jobs to pay for the bonuses to the executives, and the interest payments to the One Bank. The SUPPOSEDLY "potentially more productive uses" for their wages is to pay the bonuses to the thieving executives and the interest payments to the One Bank. This is more, pure evil.



The Death of Competition: Oligopolies Unmasked

The One Bank
11:04 AM
2 days ago
Earl, Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
H.J. Heinz Buying Kraft in Deal to Create Food Giant

www.nytimes.com/aponline/2015/03/25/us/a...=tw-nytimes&_r=2

NEW YORK — Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

The deal would bring together an array of longtime staples in American kitchens, including Oscar Mayer lunchmeats, Jell-O desserts, Miracle Whip spreads, Ore-Ida potatoes and Smart Ones diet foods.

The combination of the two companies — each more than a century old — was engineered by Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3G Capital, which teamed up just two years ago to buy Heinz. While shoppers are not expected to see any major changes, the creation of The Kraft Heinz Co. reflects the pressures facing some of the biggest packaged food makers in the U.S.

As consumers increasingly migrate away from popular packaged foods in favor of options they consider less processed, companies including Campbell Soup, General Mills and Kellogg have been slashing costs or striking deals to update their products offerings. The Heinz-Kraft deal is in many ways just the latest example of that, although Buffett noted that the two companies still have a strong base of customers.

"I think the tastes Kraft and Heinz appeal to are pretty enduring," he said in a telephone call to the business news channel CNBC.

Still, the early plans outlined by Kraft and Heinz executives in a conference call Wednesday focused largely on the savings that would be achieved through the deal, rather than the potential for sales growth in North America. They said they expect to save $1.5 billion through moves such as combining manufacturing and distribution networks.

James Angel, an associate professor of finance at Georgetown University's McDonough School of Business, said that will probably result in job losses.

"Even though it is painful for the people involved, those resources will be freed up for other, potentially more productive, uses," he said.

The boards of both companies unanimously approved the deal, which still needs a nod from federal regulators and shareholders of Kraft Foods Group Inc. The companies say they expect the deal to close in the second half of the year.

If the agreement goes through, Kraft is expected to undergo cost-cutting under the management of 3G Capital, which is known for running tight ships.

The president of the United Food and Commercial Workers International Union, which says it represents 3,250 Kraft and Heinz workers in North America, said the union will work with the companies to make sure they "do what is right and responsible" and don't let cost-cutting measures hurt workers.

John Cahill, who took over as CEO of Kraft late last year, noted that the new management would drive a "much leaner organization," as was the case when 3G took over Heinz. He said 3G can "make this happen deeper and faster."

"What we have not been thrilled about is some of our execution," Cahill said.

The two companies also see potential in pushing their products more aggressively overseas. Since splitting from Mondelez in 2012, Kraft's business has been primarily concentrated in North America. But executives noted that Kraft's brands are well known in major markets around the world, including the United Kingdom, Mexico, China and Brazil.
Continue reading the main story Continue reading the main story

Already, Heinz gets 61 percent of sales from outside North America, said Bernardo Hees, the CEO of Heinz and a partner at 3G Capital who will become head of the newly created company.

The deal came together rapidly, Buffett said, having been in the works for only about four weeks. The new company will be co-headquartered in Pittsburgh, where Heinz is based, and the Chicago area, home of Kraft, and will have annual revenue of about $28 billion.

Eight of its brands have annual sales of $1 billion or more and five others log sales between $500 million and $1 billon every year.

Shares of Kraft jumped 36 percent Wednesday to close at $83.17.

The total value of the deal is difficult to gauge because Heinz is privately held. But Kraft shareholders will receive stock in the combined company and a special cash dividend of approximately $10 billion, or $16.50 per share. Each share of Kraft will be converted into one share of Kraft Heinz.

Current Heinz shareholders will own 51 percent of the combined company, with Kraft shareholders owning a 49 percent stake.

The Kraft Heinz board will include six directors from the current Heinz board. Those six directors will include three members from Berkshire Hathaway and three members from 3G Capital. The current Kraft board will appoint five directors to the combined company's board.

Kraft Heinz plans to keep Kraft's current dividend once the transaction closes. Kraft has no plans to change its dividend before the deal is complete.
04:20 PM
Jeff Nielson created a new topic Central America wants closer ties to RUSSIA in the forums.
I saw this at Sinclair's site, and it's just one of a series of blockbuster developments over the past few months which clearly signals the END of Western (i.e. U.S.) hegemony. It's hard to even attempt any sort of comprehensive list here, but here's a few items which come immediately to mind:

1) Western nations embracing the renminbi as the new "global currency", even as China now advertises its currency with that label. We had the UK announcing it would begin issuing its OWN BONDS denominated in renminbi, then we had Canada's government announcing a massive "currency-swap" with China -- trading soon-to-be-obsolete U.S. paper for renminbi.

2) We've seen Western nations announcing they would join/participate in China's alternative to their own World Bank/IMF: the AIIB.

3) We saw the U.S. (the One Bank) scheming to have Russia thrown out of its "SWIFT" electronic commerce system, and then (at the last minute) begging it to remain in SWIFT, as China seeks to build-up its Asian alternative to this Western institution: its CIPS electronic commerce system.

4) We saw China forcefully/publicly pledge to defend Russia's economy from Western economic terrorism, when the U.S. made an obvious attempt to destroy Russia's economy. Then almost immediately after that we saw Russia offering to backstop Greece, as the EU attempts to play its own game of financial blackmail/economic terrorism there.

Now we see Central American nations, who for many years have been terrified of saying/doing anything to offend the Local Bully, now openly expressing their desire for closer ties to the U.S.'s new/old "Public Enemy #1": Russia. Just as the European nations' decision to join the AIIB was a slap-in-the-face to the U.S. (the One Bank's Fourth Reich), so too, this is another slap-in-the-face.

Here I think it's interesting to refer to a comment from a recent interview of Jim Rogers (at Sprott Money) which I just finished listening to.

...You know, I hate to say this, I’m an American citizen, but the U.S. is forcing them to do this. We keep coming up with sanctions and rules and regulations and penalties on people, no matter what. They penalize you for doing something in other countries which is legal in the other countries, but not legal in America. So needless to say, the rest of the world is getting tired of this, getting fed up, cannot operate in a system like that, and so they are now, it’s not just China and Russia, its other countries that are now putting together an alternative and competing system which will ultimately, of course, will mean a competing currency as well. At that point the U.S. dollar is probably going to have serious problems, because if we cannot control things the way we have been able to for the past 60 or 70 years. And again, we’re bringing it on ourselves, all these bureaucrats in Washington are coming up with constant regulations and penalties, now the rest of the world is being forced to do something outside of the U.S. system.

What have I been saying here since virtually Day 1 of this site: that even if we don't find the collective will to rid ourselves of this near-omnipotent Crime Syndicate that it would destroy itself -- through the excessive/overkill behavior which is characteristic of all pyschopaths.

Now as we SEE the Global Community now rejecting U.S. (and thus One Bank) hegemony, in ever more-obvious/more-emphatic terms; we HEAR Jim Rogers looking at these developments and saying the U.S. has "brought this on itself".

As the One Bank's empire of financial fraud/crime has shown more and more obvious cracks, instead of attempting to cut its losses, and consolidate what could be salvaged from its present system-of-corruption; it did the precise opposite. It "raised the ante" with all of its past criminality, and descended into full-fledged economic terrorism to try to maintain its choke-hold over most of the world's nations.

And the harder it has "squeezed" the more determined the Rest of the World has become to rid itself of this economic/geopolitical Cancer. Naturally the article below didn't come from the Western propaganda machine.

P.S. Note another sign of the "changing times". Not too long ago; people (in the West) would not even pay attention to anything which came from TASS (formerly an official part of the Soviet propaganda machine). Today, we read TASS. But its cesspools like "Bloomberg" or "The Wall Street Journal" where the propaganda is so absurd that we generally won't waste our time there...

The Old World Order
The Fourth Reich
Economic Terrorism Against Russia Intensifies
U.S. Begs Russia to Remain in ‘SWIFT’; the One Bank Fails Again
Rothschild vs. Rothschild


All Central American nations ready to develop cooperation with Russia — minister

tass.ru/en/russia/785244

All the Central American countries are prepared to strengthen cooperation with Russia in a broad spectrum of spheres, Guatemalan Foreign Minister Carlos Raul Morales said on Thursday upon the end of negotiations with the Russian Foreign Minister, Sergey Lavrov.

"We’re going to strengthen our cooperation and I’m speaking not only on behalf of Guatemala but on behalf of all the Central American nations," Morales said...
01:04 PM
Jeff Nielson created a new topic Ask The Expert – Jim Rogers in the forums.
I don't generally poach much from Sprott Money, but as regulars here know; Jim Rogers is near the top of my list when it comes to quasi-mainstream icons in our markets.

I thought Geoffrey Rutherford had a lot of interesting questions for him, and was especially interested myself in his views on "asset confiscation" and safe jurisdictions.


Ask The Expert – Jim Rogers

www.sprottmoney.com/news/ask-the-expert-jim-rogers-march-2015

[partial transcript]

Geoff: Hello, and welcome back to Ask the Expert here on Sprott Money News. I’m your host Geoff Rutherford, and on line today we have Mr. Jim Rogers. Jim Rogers is a critically acclaimed author, financial commentator, and successful international investor. He’s frequently featured in such publications as The New York Times, Barron’s, Forbes, The Wall Street Journal, and Financial Times, and is a regular guest on television shows around the world. Mr. Rogers is a co-founder of the Quantum Fund, a global investment partnership. After electing to retire at the age of 37, Mr. Rogers has served as a professor of finance at Columbia University School of Business, and has written four books on investment, including Hot Commodities, Adventure Capitalist, and Investment Biker. Mr. Rogers also designed the widely followed Roger’s Commodity Indices and travels the world highlighting the case for investment in commodities as an asset class. And with that, we’d like to welcome Mr. Jim Rogers. Good morning, or good night James. How are you doing today, sir?

Jim: I’m delighted. It’s actually morning here, Geoff. You’re in the night time, I think, but I’m in the day time.

Geoff: That’s right, that’s right. So Jim, we have a number of questions here from our listeners, so let’s get started here. We’ve been looking at what’s been happening with gold over the last week or so, even the last two weeks, and we’ve seen the price slide, we’ve seen the price go up. The question is, what conditions would prompt for you to sell your gold?

Jim: To sell my gold? Well gold is going to turn into a bubble eventually, and when it turns into a bubble, I hope I’m smart enough to sell it. On the other hand, on the down side, I’m not quite sure that I can think of anything that would cause me to sell my gold. If nothing else, it’ll be for my children someday...
12:26 PM
Jeff Nielson replied to the topic Re: Jeff Nielson, for Sprott Money: in the forums.
In many ways this commentary is a follow-up to the one I just wrote here, although I didn't see any point in explicitly connecting the two...

More Evidence of the Master Trading Algorithm

Essentially this new commentary for Sprott Money is indirect proof of the Master Trading Algorithm. I explain why telling bigger and bigger economic lies is a dangerously counterproductive strategy. But then I explain why such lies are MANDATORY -- if there is a Master Trading Algorithm.




Why U.S. Economic ‘Statistics’ Get More and More Absurd

www.sprottmoney.com/news/why-u-s-economi...on-sprott-money-news

Many recent commentaries have noted a distinct devolution in the numerical lies which the U.S. government calls its “economic statistics”. Numbers which used to be mere exaggerations (i.e. used to somewhat mirror the real world) have now become literally perverse: opposite to reality.

As U.S. “retail sales” collapsed at the end of last year (and now into this year) with a string of negative numbers; we’re told that somehow U.S. “consumer spending” surged by 4.3% in the fourth quarter of 2014, something which is mathematically impossible, since the two numbers must mirror each other...
12:07 PM
Jeff Nielson created a new topic Now UKRAINE seeks "debt-restructuring" in the forums.
As Ukraine's U.S.-backed government now seeks its own "debt-restructuring"; we once again see an incredibly blatant double-standard. On the one hand, for the past several months we have had Greece's new, legitimate government patiently attempting to negotiate a debt-restructuring -- i.e. reductions in debts much too large to ever be repaid.

Greece Says ‘No’ To Fake Bail-Outs

We have the Vampires of the EU deliberately/obstinately refusing to consider any proposal from Greece which involves debt-reduction. Now we have the Western puppet-government in Ukraine belligerently demanding its own debt-reductions, as it enters supposed "negotiations" with its largest creditor: Russia.

Understand the Plan here. Most likely Ukraine's puppet-government has already been ordered to default on its (Russian) debts, and this "negotiation" is nothing but a theatrical sham. Then after Ukraine defaults on its huge debt to Russia; the West will announce a(nother) "massive financial aid package" to Ukraine (i.e. more huge LOANS). Then instead of Russia's government having a debt choke-hold over Ukraine's government, it will be the West (i.e. the One Bank) with that choke-hold.

The Leverage of Debt and the Levers of Power


There is an obvious SMART way for Vladimir Putin to deal with this latest belligerent/provocative act by the Ukraine puppet-government: tell the Western stooges representing Ukraine that he will negotiate debt restructuring with that government the DAY AFTER the West's bankers restructure Greece's debt -- and he will then offer the Ukraine government debt-relief PROPORTIONATE to whatever debt-relief the Western bankers give to Greece.

Equal treatment. Let's see the liars in the Corporate media try to pervert that...???



The One Bank
The Old World Order


Default Risk Soars After Ukraine's 'American' FinMin Suggests Severe Haircuts For Creditors (Including Russia)

www.zerohedge.com/news/2015-03-27/defaul...e-haircuts-creditors

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they are anything else at all. Ukraine’s American Finance Minister has announced a broad restructuring plan with a wide range of severe haircuts for creditors, and she – well, obviously – wishes to include Russia in the group of creditors who are about to get their heads shaved.

And despite all obvious angles to the issue that are not purely economical, Bloomberg presents a whole array of finance professionals who are free to spout their entirely irrelevant opinions on the topic. If you didn’t know any better, you’d be inclined to think that perhaps Russia is indeed just another creditor to Kiev.

Putin Plays Wildcard as Ukraine Bond Restructuring Talks Begin

As Ukraine begins bond-restructuring talks, it finds itself face-to-face with a familiar foe: Russia. President Vladimir Putin bought $3 billion of Ukrainian bonds in late 2013. The cash was meant to support an ally, then-President Yanukovych.

That is, for starters, a far too narrow way of putting it. Russia simply wanted to make sure Ukraine would remain a stable nation, both politically and economically, because A) it didn’t want a failed state on its borders and it wanted to ensure a smooth transfer of its gas sales to Europe through the Ukraine pipeline systems. Whether that would be achieved through Yanukovych or someone else was a secondary issue. Putin was never a big fan of the former president, but at least he kept the gas flowing...
11:41 AM
Jeff Nielson created a new topic Ukraine's government declares debt-default in the forums.
I was positively stunned to see this article at Zero Hedge, where Ukraine's U.S.-backed government has demanded "debt-restructuring" -- i.e. severe reductions in its bond-debt. In fact; it's gone further and simply "announced" this "restructuring".

What this is (depending on how you choose to characterized this) is either a "mini-debt default", or a mini-Debt Jubilee. Debtors cannot UNILATERALLY "restructure" their own debts, i.e. simply tell their creditor(s) that they only plan to pay-back part of their debts.

What was totally missed by Zero Hedge in writing about this is the parallel with Greece's situation. What is Greece trying to negotiate right now with the EU Vampires? A "restructuring" of its own debts. And what is the response of the Vampires? Greece's honest/legitimate government is "crazy" and "radical" for even suggesting such a thing.

Why this incredibly blatant and odious double-standard, where we have a Western puppet-government simply declaring its own debt-default; while the same puppet Vampires try to do everything in their power to prevent Greece's government from doing the exact same thing?

The Leverage of Debt and the Levers of Power

Because the hypocrisy serves the One Bank. Trying to force Greece to not simply keep but ADD to its totally unrepayable debt helps to TIGHTEN the debt choke-hold it has over Greece (and all Western governments). Then we have Ukraine.

In this case; much of Ukraine's debts are owed to Russia, not to the One Bank. So it has no choke-hold over this government (yet)...but Russia does. So the "plan" is to have Ukraine's government default on its Russian debt (as we see here) at which point the West will announce "massive financial aid" to Ukraine -- i.e. huge LOANS, which will then attach a Western (One Bank) yoke-of-debt around the throat of Ukraine's government.

Then it will officially be a "part of the West": hopelessly buried in debts to the most rapacious Crime Syndicate that the world has ever known.

The One Bank
The Old World Order

What readers need to also understand is that this unilateral, partial debt-default (without even consulting its creditors) is a POLITICALLY BELLIGERENT ACT, no different than tearing up a trade-agreement, or any other treaty/contract between it and other nations. It is essentially an economic declaration of war. It is the way in which fascist (i.e. uncivilized) nations behave.

Contrast with the government of Greece, faced with debts which are at least equally as "odious", yet it patiently tries to NEGOTIATE with these Vampires, despite their (deliberately) obstinate refusal to even consider any rational restructuring.

Greece Says ‘No’ To Fake Bail-Outs

That is how a civilized government behaves.




Default Risk Soars After Ukraine's 'American' FinMin Suggests Severe Haircuts For Creditors (Including Russia)


www.zerohedge.com/news/2015-03-27/defaul...e-haircuts-creditors

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they are anything else at all. Ukraine’s American Finance Minister has announced a broad restructuring plan with a wide range of severe haircuts for creditors, and she – well, obviously – wishes to include Russia in the group of creditors who are about to get their heads shaved.

And despite all obvious angles to the issue that are not purely economical, Bloomberg presents a whole array of finance professionals who are free to spout their entirely irrelevant opinions on the topic. If you didn’t know any better, you’d be inclined to think that perhaps Russia is indeed just another creditor to Kiev.

Putin Plays Wildcard as Ukraine Bond Restructuring Talks Begin

As Ukraine begins bond-restructuring talks, it finds itself face-to-face with a familiar foe: Russia. President Vladimir Putin bought $3 billion of Ukrainian bonds in late 2013. The cash was meant to support an ally, then-President Yanukovych.

That is, for starters, a far too narrow way of putting it. Russia simply wanted to make sure Ukraine would remain a stable nation, both politically and economically, because A) it didn’t want a failed state on its borders and it wanted to ensure a smooth transfer of its gas sales to Europe through the Ukraine pipeline systems. Whether that would be achieved through Yanukovych or someone else was a secondary issue. Putin was never a big fan of the former president, but at least he kept the gas flowing...
11:15 AM
RoryTDC wrote:
Over the next twenty-four months I believe we are going to see the golden rule reassert itself on the global stage. Anyone that has been paying attention has witnessed a "hoovering-up" of gold by the Eastern countries, in particular China and India. Recently, we have also seen the emergence of China being much more vocal about currencies, global trade and the flow of products. It is no secret that China is the worlds manufacturing hub and being in that position should give one an advantage to see just how the global market place functions.

On March 20, 2015 the "New" London Gold Fix was launched. From what I can tell, the only thing "new" about it is the word "new". Same criminal bullion banks making decisions regarding golds price for the day.

As my undergrad English major advisor used to say: “This is old wine in a new bottle.” Meaning, you can dress up a pig but underneath the fancy clothes it’s still a pig. The “new” London gold fix will enable the big bullion banks to continue rigging the paper gold market and looting investor money. They are now emboldened to do it in broad daylight and without masks.

This applies wholeheartedly to the “new” LBMA fix. Given that the reporting of the GOFO rates has been eliminated and the “new” price data has fancy lipstick but is even less informative than the LBMA’s old data reporting, the “new” London gold price fix is at least – if not more – corrupted than the old fix.


Continue Reading and Listen to Interview - audio download or video at thedailycoin.org/?p=22804




Rory, I loved that little excerpt of a Bernanke-interview that you spliced into the clip. I've never seen B.S. Bernanke have to answer real questions before. It was absolutely delightful to watch him squirm and stumble. It was like watching Tim Geithner.



Was that a part of some Congressional hearing? I'm pretty sure I've read some quotes from that grilling previously, but never had a chance to listen to the clip.
10:30 AM
3 days ago
Jeff Nielson replied to the topic Yemen about to be "invaded"...??? in the forums.
Zero Hedge is reporting that Yemen is "about to invaded" in a joint-operation by two of the U.S.'s most loyal Thugs: the puppet-monarchy of Saudi Arabia, and the recently-reinstalled fascist government in Egypt. Note the progression in this chain of events (and chain of propaganda) as reflected by earlier posts in this thread.

A little over 6 months ago; we have the Saudi puppets "warning about the Jihadists", the now utterly meaningless label now given to ANY Arab entity which is not pro-Western (i.e. pro-Fascist). Naturally this was loyally "reported" by the Corporate media, as part of their anti-Arab/anti-Muslim brainwashing.

Then three months ago; the corrupt-and-brutal, U.S.-backed, police state government in Yemen was overthrown. Now, today, we hear that this new government (which is every bit as "legitimate" as the U.S.-installed regime in Ukraine) is about to be toppled by U.S.-backed thugs.



What is the real reason for this invasion? We get the answer to that from the Reuters article, the day this new government took power:

The Shi'ite Muslim group is stridently anti-American and is backed by Iran.


There we have it; two "reasons" to invade this sovereign nation. Yemen's new government was doomed from the day it took power.

Note that there is no LEGITIMATE pretext even offered for this invasion of a sovereign nation -- not even in the propaganda of the Corporate media. Egypt and Saudi Arabia are now BOMBING, and are about to militarily invade this nation as a supposed negotiation tactic.

The aim is not to occupy Yemen but to weaken the Houthis and their allies until they enter negotiations for power-sharing, the officials said.

This is not how CIVILIZED nations behave. This is not even slightly in accordance with international law, and (as usual) the U.S. government is obviously behind it. It is nothing but the mantra of fascism and Fascists. Might is right.




Saudi Arabia, allies open air campaign against Yemen rebels

m.apnews.com/ap/db_289563/contentdetail....contentguid=0RhbSV8h

SANAA, Yemen (AP) - Saudi Arabia bombed key military installations in Yemen on Thursday, leading a regional coalition in a campaign against Shiite rebels who have taken over much of the country and drove out the president. The dramatic military assault turns impoverished, fragmented Yemen into a new front in the conflict between Saudi Arabia and Iran.

Egyptian military and security officials told The Associated Press that the military intervention will go further, with a ground assault into Yemen by Egyptian, Saudi and other forces, planned once airstrikes have weakened the capabilities of the rebels, known as Houthis, and their allies...
12:41 PM
...a project in Russia.



I saw this very interesting news item at Sinclair's site, where France's largest oil-and-gas company Total, is seeking $15 BILLION in financing from China, in order to commence a large project in (supposedly off-limits) Russia. This is "very interesting" for two reasons.

First, it's another obvious signal of the shift from West to East in the global economy. Normally any French (or other Western) mega-corporation would seek financing from Western banks (i.e. the One Bank), and the destination for the "project" would be within the Western bloc, or its expansive (and colonial) "sphere of influence". Here we see Western bankers being shut-out completely. Could that have anything to do with the fact that they are now renowned around the world as notorious and rapacious Thieves...?



Then we have the other dimension to this news item: "dealing with the Enemy". A large French company is looking to make a large investment in Russia, and that's nothing less than a direct slap-in-the-face to the U.S. government, and its increasing ineffective efforts to "economically isolate" Russia.

Not too long ago, such defiance of U.S. geopolitical dictation would have been almost unthinkable. But as the U.S. government gets increasingly belligerent with its military and its "international relations"; at the same time it is becoming increasingly economic anemic, and increasingly ECONOMICALLY IRRELEVANT.

It is only in the propaganda of the Corporate media (inside the Wonderland Matrix) where the U.S. remains the centerpiece of the global economy. In the Real World; it's now China who is the Big Dog. But former Big Dogs don't like losing their status (and privilege).

Does this mean we are about to see another "terrorist attack" in France? The last "terrorist attack" came almost exactly one week after France's president publicly called for an end to (U.S.-led) sanctions against Russia.

P.S. The great irony here is that (according to the article) it's the "U.S. sanctions" against Russia which forced Total to cut-out both Western banks and the Mighty Dollar in putting together this project. Yet again; the actions of these Wile E. Coyotes appears to be about to boomerang in their faces.



U.S. Begs Russia to Remain in ‘SWIFT’; the One Bank Fails Again


Total to raise $15 billion in China for Russian projects

rt.com/business/243201-total-china-russia-investment/

French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.

Total wants to expand the financing of the $27 billion dollar Yamal LNG project in Russia’s Siberia, said Pouyanne in an interview with the WSJ. The company says it’s possible the funding will be in either euro or yuan.

“You have a strong willingness to build the project financing [from the Chinese financial institutions – Ed.],” he said. “It’s not an easy task, to be clear. We would have preferred to do it with dollars.”

The attraction of dollar investment is complicated by the sanctions the US imposed against Russia in order to hamper its access to the global financial markets...
11:48 AM
Jeff Nielson replied to the topic More "highway robberies" by U.S. police in the forums.
Here's another report, from a different source, of U.S. police detaining someone for some trivial technicality, and then (plainly and simply) STEALING any money they find. But note there is something very different about this report.

In this case; the victim was subjected to both a FALSE ARREST (which put his vehicle in the "custody" of the police criminals), and he was subjected to an ILLEGAL SEARCH (which was how the police/thieves found the money they stole). The victim did not "give consent" to have his vehicle searched -- as was suggested in the previous, CBC feature.

In that previous piece; the robbery victim is also pulled over/detained for some triviality. But in the CBC feature; it was noted:

...if you were foolish (or intimidated) enough to have consented to the search, and you’re carrying any significant amount of cash, you are now likely to lose it.


The thefts, as outlined by the CBC, were quasi-legal. The original detention (for some trivial infraction) is legitimate, in that it is a form of police harassment where nefarious intent cannot be proven, and thus it falls under the category of "officer discretion".

Similarly, if one consents to a search because the officer was "suspicious", this is also above legal reproach. At this point the "confiscation" of any money found is virtually the same to the "shake-down" racket which U.S. customs have engaged for many years. Thus the shake-down, as depicted by the CBC, is merely an extension of that quasi-legal thievery -- moving it internally, where there are more potential victims, and thus a larger potential haul.



However, what is described in this news item is OPEN CRIMINALITY: arrest-without-cause, search without either consent, warrant, or "probable cause". This is not the search-and-seizure racket done through merely 'stretching' the rules to the point of quasi-criminality.

What is described here is a simple robbery, where there can be no possible pretext of legitimacy, perpetrated by Thieves exploiting the power/authority conferred to them by their badges and uniform. Note also that with this search-and-seizure robbery perpetrated while he was in custody at the police station, this directly implies collusion amongst some/most/all officers, with respect to this TOTALLY ILLEGAL robbery.



This is total lawlessness. How long before U.S. residents become afraid to report crime, because as soon as the officer shows up, he'll look for some excuse to "do a search"...???

P.S. As noted in the title of the piece below, none of these robbery victims are ever charged with a crime, because to do subjects any "seizure" to JUDICIAL SCRUTINY. Thus, unless the judge was given his own "cut"; he would rule these obviously illegal searches as illegitimate, and return what was stolen to the victim.



Cops can confiscate your cash without charging you with a crime

features.aol.com/video/cops-can-confisca...t-charging-you-crime

John Newmerzhycky was traveling down Interstate 80 in Iowa with his pal Bart Davis when an Iowa State Trooper pulled them over.

Inside Edition’s Lisa Guerrero asked Newmerzhycky, “Were you obeying all the traffic laws, were you doing the speed limit?”

He replied, “I had the cruise control set. I wasn't doing anything wrong.” He was pulled over anyway.

The entire stop was recorded on the trooper’s dash cam video. The officer could be heard saying, “If y'all step out here, I’ll write you a warning real quick and get you out of here.”

The officer seemed friendly enough, and gave Newmerzhycky a written warning for failing to signal when changing lanes.

Newmerzhycky thought he would be on his way, but just as he was heading back in his vehicle the officer can be heard asking, “Can I search your car?”

“I don't see any reason to, no,” Newmerzhycky replied.

The officer asked, “Can I run a K-9 through the car?”

Newmerzhycky answered, “I'd prefer to be on my way. Do I have a right to say no?”

“You do,” the officer responded.


Newmerzhycky was detained anyway because the officer said he appeared nervous.

After the incident, Guerrero asked Newmerzhycky, “Did you feel intimidated?”

“Yes, I didn't feel it was any of his business what we had in this car. I didn't do anything wrong,” he replied.

A drug sniffing dog was brought in and supposedly signaled an alert for drugs. No drugs were found, however, $100,000 in bills wrapped in plastic, were located in the trunk.

Why all those wads of cash? Turns out, Newmerzhycky’s pal Bart Davis is a professional gambler. He explained they were on their way to a casino in in Las Vegas to play poker.

In the dash cam video, the officer told the guys, “Here's the deal, we haven't found anything illegal, so you guys are not arrested.”

Good news, right? Not so fast! The troopers confiscated all the money because they claimed it was connected to illegal activity.

Bart Davis told Guerrero, “They robbed us. Highway robbery is what happened to us.”...
10:55 AM
Thomas Aquinas wrote:
Dear Jeff,

As to your comment on the "One Bank", it is worth noting the insights of Christian Rokovsky (points 1-3);

thetruthserumblog.blogspot.co.uk/2010/09...an-rakovsky-and.html

It's a great disappointment that, knowing me as you do, you would consider my effort a bait and switch; it was simply an organic development of the thread. For as St Thomas identifies, all things must take reference to the first cause ie. God. Anyone who fails to do so, is working part-blind and to deny it is foolishness of the highest degree.

The reason for the hostility from Earl, is that especially in our time, though recognising His existence;

Job 36:25

"All men see him, every one beholdeth afar off."

most do not want to submit to God's authority and accountability, so they fight any who speaks of Him. And it is because of this pride, such an organisation as the "One Bank" exists, because it is a punishment to a rebellious mankind. Yet, this is nothing compared to the punishment that will be coming in the next years! Hence the wager was that you be fore-warned!


Overall, whatever mask may be put on it, it is clear that, shamefully, the person of God is not especially welcome on this site. Therefore, thanking you Jeff for all your work and exchanges, I will take my leave. Both of you gentlemen are instructed;

www.drbo.org/x/d?b=drb&bk=20&ch=21&l=14#x

verses 13-15



T/A, as I have previously made clear; BBC is a SECULAR site, although hopefully a tolerant, secular site. Also note that I wear "two hats" here on the Forum. I'm "Jeff Nielson, fellow poster", but I'm also "Jeff Nielson, moderator". In the latter role; I'm required to put aside any/all personal feelings and review materials, or disputes between posters with the greatest degree of OBJECTIVITY I can muster. Personal feelings or personal relationships cannot be allowed to cloud my thinking.

Had I passed judgment on you with respect to any "nefarious intent"; I would have simply deleted what you posted. Instead, all I did was to note concerns. Keep in mind that virtually every regular poster on the Forum has had what they posted criticized (by me) for one reason or another, so by no means have you been singled-out here.

As I have already noted; "talking about religion" (in moderate terms) is acceptable, proselytizing is not. If I allow such posting; that's favoritism: allowing a member of ONE religious faith to have a platform for preaching. Thus words/thoughts which would not draw any rebuke in our PERSONAL correspondence will attract attention/criticism if posted on this (secular) Forum.

Hopefully you can be comfortable WITHIN these constraints.
10:13 AM
4 days ago
Thomas Aquinas stated-

Dear Jeff,

As to your comment on the "One Bank", it is worth noting the insights of Christian Rokovsky (points 1-3);

thetruthserumblog.blogspot.co.uk/2010/09...an-rakovsky-and.html

It's a great disappointment that, knowing me as you do, you would consider my effort a bait and switch; it was simply an organic development of the thread. For as St Thomas identifies, all things must take reference to the first cause ie. God. Anyone who fails to do so, is working part-blind and to deny it is foolishness of the highest degree.

The reason for the hostility from Earl, is that especially in our time, though recognising His existence;

Job 36:25
"All men see him, every one beholdeth afar off."

most do not want to submit to God's authority and accountability, so they fight any who speaks of Him. And it is because of this pride, such an organisation as the "One Bank" exists, because it is a punishment to a rebellious mankind. Yet, this is nothing compared to the punishment that will be coming in the next years! Hence the wager was that you be fore-warned!


Overall, whatever mask may be put on it, it is clear that, shamefully, the person of God is not especially welcome on this site. Therefore, thanking you Jeff for all your work and exchanges, I will take my leave. Both of you gentlemen are instructed;

www.drbo.org/x/d?b=drb&bk=20&ch=21&l=14#x

verses 13-15


Thomas Aquinas,

Funny, you left and viewership went from- Two thousand to three hundred on the BBC.

You're the worse kind, you actually believe in your employer's.

Your own concluding statement- "Both of you gentlemen are instructed;"

Nice words from a "Catholic".

Your a troll Thomas Aquinas.

JOB-"Though wickedness be sweet in his mouth, though he hide it under his tongue."

"Both of you gentlemen are instructed;"

That's a threat Thomas, not a promise. We kinda get offended bye them kinda words in my parts.

Does Jeff really piss off your employer's that much ?

Or, do you actually believe in the crime you commit ??

Enlighten me, Thomas Aquinas.

Enlighten, since we are on some hit list.

"Both of you gentlemen are instructed;"

Well Fuck....

Earl Fubar
07:37 PM
5 days ago
Thomas Aquinas,

Personally. I've never trusted your motives from day one.

The bull shit you spew and support, has historically done nothing but cause war.

I'm going to be kind, there's other site's to save souls.

A topic title- "Idling' motorists in Westminster to face £20 fine".
Simply "bait and switch", to lead some other agenda.

Your a troll Thomas Aquinas.

The BBC is in it's final months and days. Do not distract, from a more important message. With your banter...

I'm using the patience of JOB here Thomas Aquinas.

The site is Bullion Bulls Canada, not the Vatican or the Pope or some Rothschild.

We're "Truth" seekers.

Thank You,

Earl Fubar

PS- I'm not hard to find.
07:42 PM
Jeff Nielson replied to the topic Re: "Invest in Food" in the forums.
Bignoga wrote:
Jeff while I agree that more people should have a larger supply of food, the logistics make it too cumbersome for most people including myself. You attacked the problem from a purely investment, non security issue so I shall do the same.

If you are just looking to lock in guaranteed savings via inflation I would suggest looking to asset classes outside of food that are experiencing the same type of inflationary pressures. I recently picked up deodorant and while placing it beside the now nearly depleted container I noticed an extreme case of "shrinkflation" . While being in the same size container it has shrunk from 85g to 76g. Over 10% less. When you factor in it was 50c more expensive then I remember you find inflation closer to 20%. While deodorant does not have the same preservation issues that food does savings are limited by the maximum amount of value the deodorant you would be able to utilize over a lifetime. However if one is to look at everyday items that they use regularly I would imagine that people would be able to find the same savings one could hope to achieve in storing food.



Certainly, "investing" in non-food items which (as you point out) have no shelf-life issues is another option for people. Here the price increases are much more uneven. Some (non-food) consumer goods have remained relatively flat in price. That's the only way the Liars can pretend there is "no inflation" -- they (literally) only count the goods in their "basket" where prices are not rising rapidly.

However, I would suggest that you re-think your pessimism concerning "logistics" about buying/storing food. While many of us have only limited space available for storing bulky non-perishable goods (i.e. bags of rice, sacks of flour, etc.); there ARE high-value/low-bulk items to consider -- like spices.

For example; my own supermarket recently began selling spices from some discount wholesaler, and I can get an average-sized bottle of any of these spices for $1/apiece. That's less than half the price I used to pay for most spices, so (at the moment) I'm able to stock-up on spices at prices less than what I paid 10 years ago.



I have to suspect that the only way they can produce this stuff this cheaply is if it's GMO crap. But even then, our intake of spices is so minimal (in terms of quantity) that if someone is going to accept "GMO" is any part of their own food supply, spices are probably one of the least-harmful options.

Remember if you're thinking about food as an investment, then the objective is not to simply stock-up on "everything". Those people with limited space, or those single people whose total food consumption is relatively modest need to think in terms of the BARTER VALUE of what they are storing.

You may not have space to stock-up on all non-perishable food items, so devote that space to primarily low-bulk/high-value items. And then (in any hyperinflation or quasi-Armageddon scenario) you will be able to barter those low-bulk/high-value items for the bulkier goods possessed by others.

Note that over the short-term, meaning the transition from our current, paper-fraud monetary system to a real-money system; there may be a significant lag-time before our REAL money is recognized for its real value. As the paper plunges to worthlessness, and before gold/silver regain their rightful status/value; we may NEED to have barter-goods to trade.

09:40 AM
6 days ago
Jeff Nielson replied to the topic Re: The Bankruptcy of The United States in the forums.
Thomas Aquinas wrote:
There is no safety for honest men except by believing all possible evil of evil men.” Edmund Burke


T/A, this oldie from Edmund Burke looks suspiciously familiar to a much more-modern and colloquial version of this sentiment:

Just because you're paranoid doesn't mean They are not trying to screw you.



Essentially this takes the general concept of paranoia, and stands it on its head. Instead of thinking that people who are "suspicious" (or paranoid, or merely skeptical) are somehow mentally defective; this makes the point that such thinking is merely NECESSARY PRUDENCE.

We can see this even more clearly by expressing the same sentiment via yet another Notable Quote:

Assume the best, but prepare for the worst.


Here we see a clear, logical distinction. It's perfectly fine for people to adopt an optimistic outlook, and to believe that most people are "good and decent". However, the reality is that there is no shortage of malevolent predators out of there. Thus while we can think optimistically, we are REQUIRED to behave with vigilance: to "prepare" for the predators, so that we are not simply their clueless/heedless victims.

02:37 PM
Thomas Aquinas wrote:
www.bbc.co.uk/news/uk-england-london-31989916


"The more numerous the laws, the more corrupt the government."
- Publius Tacitus (56 – 117 AD), Roman orator, lawyer and senator



Ha, T/A, I can one-up you with this one, when it comes to government-run-amok. If you think that fining a motorist for simply "idling" his vehicle is excessive; how about the plan of Italy's government to TAX SHADE.



In Italy, They're Now Taxing Shadows

The idea behind this insanity is that if some commercial enterprise puts up any sort of awning (or other shade-producing) fixture for the use of patrons that the proprietor has ADDED VALUE to the business, and thus should/must be taxed on that.

But this also illustrates the extreme corruption/inequity in our perverse societies. While the Oligarchs are allowed to sit-and-hoard their endless $TRILLIONS, and never have those hoards taxed, we see the Tax Man now literally attempting to tax the Little People for creating (and enjoying) shade.

By this logic; any business which adorns their establishment with lots of plants (thus increasing the day-time oxygen level of the premises) should be TAXED for providing its patrons with better air...



It started with systemic inequality. We've moved past systemic corruption. And have now arrived at squarely at systemic INSANITY -- i.e. the day before everything "blows up"...



Insanity Cubed
Austerity Insanity
U.S. Hyperinflation and Cultural Insanity
The Wonderland Matrix
01:45 PM
As all regular readers know by now; I am adamant that the Half-Truth is almost as dangerous as a lie (at the best of times), and often worse, when used as a weapon by the serial liar.

In the case of the clip below, and David Stockman in general, clearly we are dealing with the more benign version of Half-Truth, i.e. someone trying to be honest. Indeed, much of this clip is (as usual) very accurate, in general terms. But when we turn to specifics, it is at this point that we run into two problems when it comes to this clip: the understatements, and the out-and-out errors.

After noting how the U.S. economy's crushing burden of debt is choking the economy (true); Stockman then adds that the U.S. is only able to eke-out "1% or 2% growth", when in reality (i.e. using real inflation data) the U.S. economy has been steadily shrinking -- as reflected by less and less jobs, and less and less consumer spending (in real dollars).

The Never-Ending ‘Recovery’

The U.S. Greater Depression Exposed, Part I
The U.S. Greater Depression Exposed, Part II

Thus when Stockman talks about "the six-year economic expansion" in the U.S.; he might as well be telling us a yarn about the Abominable Snowman -- both have equal levels of reality. Then we get this, Stockman describing the U.S. fiscal situation as:

"...close to hopeless."
Close to hopeless??? The U.S. economy is buried under mountains of debt. Stockman says $60+ trillion; I suggest it's more like $70+ trillion. Then on top of this; Laurence Kotlikoff calculates U.S. "unfunded liabilities" at an additional $200 TRILLION. And all this debt is piled atop an economy where, once the exaggerations are removed, the economy produces about $12 trillion per year in GDP. Close to hopeless?

U.S. Is “Totally Broke”: Federal Govt.’s Fiscal Gap Is $222 Trillion: Economist



This brings us to Stockman answering the question: what would he do?

First I would tell the truth to the American people...

Tell the truth? It's a little late for that. What do you get at this point, with this absurd Ponzi-scheme economy if you "tell the truth"? KA-BOOM! An instant and uncontrolled implosion of all the bubbles -- because as soon as you TELL the Zombies that all these bubbles are obviously/grossly unsustainable that is precisely what would happen.

Buffett Sits on $50 Billion Cash-Hoard, Waiting for Bubbles to Pop

Buffett cash-hoard now at $62 BILLION

But the point here is that Stockman's half-truth here is worse than naive; it is genuinely harmful, because of what it necessarily implies. If Stockman's "solution" for the U.S. economy is "tell the truth", what comes next? Obviously it would be discussing what to do (in practical terms) to "fix the economy", and then implementing the actual "fixes" themselves.

Stockman's "tell the truth" mantra directly implies that there is still several more years before the U.S. economy even reaches the point-of-no-return, when it is actually DECADES PAST the point of no return.

Debt-To-GDP Ratios Demand Debt Jubilee

Here we see the greatest danger of the Half-Truth: a false sense of security which contributes to our already terminal APATHY, and thus serves the One Bank. Ultimately, it's up to readers to decide for themselves whether the elements of reality in Stockman's analysis make up for the glaring lapses. Personally, I don't think so.

The problem is that "tell the truth" and "this can still be fixed" is a logical non sequitur. These are CONTRADICTORY statements. What happens when you send a mixed message to apathetic, brainwashed Zombies???

Absolutely nothing. The status quo continues



The Old World Order
11:14 AM
1 week ago
rroush wrote:
Jeff, once you see this stuff, and really think about it, there can be no other way.. *stuff* just falls into place and makes sense.

To me, medical insurance was a black art, until I started paying attention to it. I started watching the news. I listened to the propaganda and NOTHING made sense. After looking at my bills, after seeing what I was being charged for when I didn't have insurance, and comparing that to when I had "discount cards", and then comparing that to "what my bills were like when I had "insurance"; I found something out.

Every person doesn't *NEED* medical insurance. What is needed is fair billing. Then from that point, you can look at who *NEEDS* medical insurance based a risk factor.

The amount that pharmacies, hospitals, doctors and everyone else OVERCHARGES you if you *DO NOT* have insurance is so insane is so far beyond words it is incredible. In any other business, yes even the banking business, it'd be considered illegal, not to mention immoral.

Recently I had an Endoscopy procedure performed where the Hospital alone charged $9020.99. This is the amount that if I did NOT have insurance I would have had to pay. Mind you, this did not include the doctors fees, and other fees, just the Hospital. My Insurance RATE was $1403.00 (all of which I owe because I had not met my deductible by this time)...





RRoush, I certainly understand your financial angst concerning medical bills, and your medical system. But what you have to realize is that you live in a nation which the WORST possible system: a "for-profit" system in the Land of Oligarchs -- where everyone ON TOP believes they deserve a fat profit: the doctors, the insurance companies, and sometimes the hospital itself.

When you mention that your calculation "does not include doctor's fees", that's likely trying to calculate the cost of a "steak dinner" -- without pricing in the steak. Add-in those (huge costs) to your bill. Also your bill is not the real "cost" to the hospital. It has enormous FIXED costs (since hospitals are large facilities, using lots of expensive, high-tech equipment), and enormous OPERATING costs (since hospitals are labour-intensive).

The true cost of the health-service that was provided to you must also account for your share of all those general operating expenses. There is no Tooth Fairy which pays those costs for the hospitals. Thus your attack on the principle of health-care insurance is not accurate.

More generally; it is obvious that people need health-insurance, just as it's obvious you need fire-insurance on your home. Your risk of "financial catastrophe" is too great without either, and in either case you could be devastated by events which are not your fault, and thus beyond your control.

But let's get back to doctors. Doctor's are ridiculously overpaid (relative to the Average Person), just not as ridiculous as with the thieving bankers and thieving CEO's. Back when our societies were relatively sane legitimate; the average doctor made about three times as much as the average person.

Now it's more like 5 - 6 times as much. Obviously if the MOST-EXPENSIVE component of health-care suddenly starts taking TWICE AS LARGE a piece of pie, that means you need "a bigger pie" -- i.e. higher insurance rates AND/OR user fees. And then you allow Big Pharma (another tentacle) to rape you again with ultra-ridiculous drug prices.

Then there are the insane profits of the Health-Insurance Vampires, and yes, that's another (obvious) tentacle of the One Bank. Why have I not written about that Tentacle? Three reasons.

One, I'm Canadian, so the U.S. medical system insanity doesn't affect me directly. Secondly, Americans have been so brainwashed into believing that their for-profit monopolistic system of health-care is better than other places (lol) -- such as Canada. I'm not going to waste my breath trying to inform people who don't WANT to be informed. Lastly, since virtually none of those people understand/accept the existence of the One Bank; I'm generally wasting my time every time I try to talk about tentacles.

You can't help rape-victims if:

a) They continue to willingly submit to rape.
b) They refuse to even acknowledge that this is rape.



And that's just the rape by the Health-Insurance companies. How do I convince the Zombies that the pay of doctors needs to be cut in half, when the pay of senior executives needs to be slashed by at least 80% -- and the Zombies can't even get motivated to protest against that?

SUBTRACT the price-gouging of doctors. ELIMINATE the Health-Insurance Vampires all together. THEY SERVE NO PURPOSE EXCEPT TO BLOOD-SUCK. This is why sane nations have nationalized (and generally "universal) health-care. There is no excuse (at all) for allowing corporations to profit from human misery. What the U.S. has today is proof that.

The problem with the U.S. system is not that it has "insurance". The problem is that it has a totally-corrupted, quasi-insurance system where MOST OF THE RESOURCES are consumed by Vampires as "profit".

Your attack on health-insurance is much like Bill Still's (mistaken) condemnation of the gold standard. What he was actually condemning was not a real gold standard, but the corrupted gold standard which the banksters controlled, for most of its last century of existence.

Then you had the One Bank deliberating trying to BREAK that system with its financial crimes/manipulation. The idea that we could be "worse off" with a gold standard -- even a corrupted one -- has been proven false, empirically, by the economic holocaust which has transpired since we REMOVED THE GOLDEN HANDCUFFS from the bankers. That's why the banksters worked so hard to first corrupt, and then destroy the gold standard, because even a flawed gold standard is no gold standard at all.

So now you're telling me you want to get rid of your (flawed) health-insurance, and allow all those Vampires to blood-suck you directly? I hope you're very wealthy, because you're one "serious illness" away from either being totally, financially destroyed, or simply dying because you can't afford necessary treatment. Such a world is barbaric.

Understand that normally intelligent people such as yourself would see all these factors. It's because of the endemic brainwashing which we have been exposed to all our lives that people's thinking process has been sabotaged -- with countless forms of mental-conditioning and mythology.

The theory behind the U.S. health-care system is that (supposedly) a free-market, capitalistic system of competitive health-care would be so damned "efficient" (lol) that it would be cheaper -- even with every link in the chain claiming their "profit". That is an extremely dubious premise, at best.

But then we take the fact that the U.S. does not have free markets. It does not have capitalism. And it certainly doesn't have "competition". How am I going to get any 'traction' in a commentary trying to explain that to the Zombies...???

Mar 22
More evidence has emerged proving the existence of the Master Trading Algorithm, which I theorized had to exist in these markets several years ago. The theory was based on the incontrovertible that (real) "markets" cannot behave in the manner in which we have seen our markets behave over (in particular) the past 6 - 8 years.

It is normal for markets to diverge most of the time, and only on days of significant national/global news do we see markets move up or down collectively, in yo-yo fashion. Yet look at the farcical, rigged, crime-scene which we call our markets; and we see this yo-yo movement every day. Totally impossible.

The only thing which can cause markets to move collectively like this, in "Pied-Piper" fashion, is if there is a Pied Piper -- i.e. a Master Trading Algorithm. I will be writing a commentary on this well, since it's such an important subject, but thought I would get this "out there" on the Forum ASAP.

What "evidence" am I referring to? A report has come out, which was published at Zero Hedge which notes an epidemic of what it calls "quote stuffing": floods of trades which occur in "an abnormal correlation": i.e. PATTERNS.

Now here's the point. For any readers who are convinced of the existence of the One Bank, the Old World Order which actually runs our governments/economies/societies; obviously it is impossible to compete against this Crime Syndicate when it comes to market-rigging. Against this multi-trillion dollar entity; it would be minnows trying to 'compete' against a whale.

Thus if we see any pattern of market-rigging, it must be the One Bank's market-rigging. Now here is where the evidence becomes compelling. In the most-recent (and most-comprehensive) study of this "HFT" market-rigging -- and the first to really look at market-rigging -- the study found "quote stuffing [i.e. market-manipulation] impacts over 74% of US listed equities during our sample period".

When I previously stated that the One Bank "manipulates everything", obviously this was a generalization. It manipulates anything/everything of importance. Thus we can define what percentage of U.S. equities the One Bank considers "important" by the percentage that it manipulates: 74%.

The One Bank
The Old World Order
The Banksters’ Master Program For Manipulating Markets
Trading Algorithms: Automated “Stupid Money”


How HFT Destroys Markets: 50 Pages Of Evidence

www.zerohedge.com/news/2015-03-20/how-hf...ts-50-pages-evidence

Manipulation

Egginton et. al. (2012) found systematic evidence of "quote stuffing," a term coined by the market data and research firm Nanex to describe the many events it found where exchange technology infrastructure was slowed by floods of order and order cancel activity. They wrote that "We find that quote stuffing is pervasive with several hundred events occurring each trading day and that quote stuffing impacts over 74% of US listed equities during our sample period,"...Ye et. al. (2013) analyzed U.S. stock market data from 2010 and found "that stocks randomly grouped into the same [technology] channel have an abnormal correlation in message flow, which is consistent with the quote stuffing hypothesis."
Mar 21

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2013-10-21 10:03:55
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