Wednesday, June 5, 2013

TURKISH HAIRDRESSER

Turkey police firing tear gas on violent women? She must be carrying a Kate Spade purse.
No sense in beating a dead horse but we are getting boxed into a corner here. Disappointments in top line AND bottom line earnings in bellweather stocks and headline job and other data points are starting to reach a tsunami level. Maybe one can argue this is an exaggerated interpration of the data, but I disagree. This does not mean I believe "the crash" is emminent.  I've mentioned over the last several months that World economies slid off the cliff and now even the government's massaged data is indicating it. Friday's job data may show ANYTHING, but you have too many data points that tell you things have taken a decidedly deflationary move now. There will be NO dialing back on QE ....EVEN IF they announce a slight tapering. That would be only to try and create an illusion the economy is improving and would in reality be nothing more than a publicity stunt.

Many of us have been dismayed by the constant drumbeat of recovery and the rising stock prices, but we should not be surprised. This has been the game plan for almost five years now. The choice was made in late 2008 to avoid Depression and replace it with a long slog of stagflation and PRAY.  Meanwhile, the underlying foundation of our economy is in severe decline with no plan set to begin repairing it. Instead they chose NEGLECT, in other words... malinvestment has been perpetuated by the strategy of monetizing the debt and using the media to create CONfidence in the system. This strategy has done NOTHING for the TENS OF MILLIONS of newly created job holders at virtually minimum wage, that once had jobs paying three and four times as much. Instead they are now in households living under the poverty line with TWO wage earners.

Many of you don't see this in your own sectors of Amerika but in there are many areas where this exists in spades. Before you read further ask yourself what composes the economy in your area? Imagine if I told you six years ago that over 50% of Americans would be listed below the poverty line...OR that 107 million Americans of job age would NOT HAVE A JOB. Sure there are some distortions from the shadow economy, but the actual numbers are tragic. You may not be seeing it first hand but its there in many areas of this country and VERY visible in many European Countries in the southern tier. Breakdown in social order is accelerating and can swamp the attempt to prop up the Eurozone unless the technocrats begin to monetize the trouble zones. Again this will only be temporizing as the central planners play the game of musical chairs.

Back to Amerika.... there are many states and areas within states that have been left for dead. They are designated as expendable or even worse, they are designated "sacrifice zones". They are 90% poverty now and before you jump to the conclusion its non-white areas, I want to tell you it crosses all races and ethnicities. Its a controlled demolition of this country's fabric with selected areas that are designated to survive.....at least for now. Without being too cynical....I'll give you one example.......defense. This sector of the economy is huge and must be preserved for the money men to maintain World control AND local control of the populace. As social order breaks down there must be control of the populace and local police will not suffice. They will be easily overwhelmed and the military will be increasingly moved back into the states for control of our local populace. Its central command provides a more reliable control for the bankers. This is what breakdown looks like. In the picture above the Turkish woman provides you a snapshot that a thousand words could never do justice to in describing what marshal law entails. 

Lastly, many of you may think I am urging this coming resolution and looking forward to it. NOT at all. In fact if we get what I think is a middle of the road scenario then this country will not be recognizable in 7 years. If we get a worse case scenario then all bets are off. gl









77 comments:

  1. http://blogdogcicle.blogspot.com/2013/06/lindsey-graham-isnt-sure-if-bloggers.html

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    1. Saw that earlier..... Freudian Slip? Dude is a POS!

      Good post and if one looks with little effort its all around us even on the "areas" of economic growth to which those areas or industries have benefited only from printing in some shape manner or form..... There is no organic growth anywhere. I guess on could follow the municipal bankruptcies to gauge what areas you are speaking of.....

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  2. The idiot in this video is hilarious. Time and time again the "lunatics on Fox" have been proven right. Remember Glenn Beck? Most of the sheep were getting a thrill up their leg from networks that cover up for this administration and ignore actual news in order to advance the "fundamental transformation" he promised (which will be here in about 7 years according to this blog, sooner if he hadn't been caught putting jackboots on his IRS agents). The sheep asked for it and get what they deserve.

    But ol' Glenn Beck sat there night after night on a chalk board outlining every piece of the Fed, the banks, the Global power conspiracy and followed the connections where they led. When he finally pretty much had the whole thing diagrammed out in plain view, rather than the cryptic allusions here in this blog, they neutered his last few shows and sent him packing.

    Tea Party are lunatic fringe? Really? People that want limited government and a return to Constitutional government that made this country the greatest ever seen on this planet within a couple hundred years. Eventually the sheep will re-learn that limiting governemnt takes away their power to manipulate the laws of nature and smash the little guys. Keep as much power away from Washington DC as possible and see how good things can be.

    The problem not the blind sheep, have pity on their soft intellects, rather too many people sit on their soft bottoms, because it will be the blood of their own children that gets spilled when it comes time to really fix it. These are the daddies and mommies that will tell their kids,"Woe is me, there is nothing I can do" and wallow in self-inflicted learned helplessness. But who will be the ones that can tell their kids they did absolutely everything they could do and went out and took part in the porcess and actually did something

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    1. I don't agree with all of his diatribe but if you listen to the entirety its more than interesting.

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    2. Think its obvious your not thinking, had you LISTENED to the entire video you would have realized that he spoke of many of the principals of the Tea Party movement which has been effectively squished. Power to the People from a true liberal perspective or one of limited Government for the true Tea Party perspective is one and the same its just a different road to the same destination. Both of which are not tolerated.... I'll assume your not a troll and are genuine but may I suggest you listen completely and you will find the critique of the speaker very enlightening....

      btw: Was it not FOX news that gave Beck the boot? If your a regular listener to him as I am that action should let you know all you need to understand about what the speaker was talking about regarding the commercial MSM.

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    3. Meant to say critique of the current administration by the speaker very enlightening.......

      Problem is when you choose a side you shut yourself off from the truth! Learn who your masters are and than decide what and if you can do about it......

      Think then Act. :)

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  3. Kli, hate to disagree but I think this country is already unrecognizable...what a difference 5 yrs. have made. Although it started way, way before that.

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  4. Caveat Emptor: Another Level of Non-Quantifiable Risk Added to Trading Metals On the Comex

    The disclaimer below has recently been added to the Comex warehouse report. Sharp-eyed Dave from Denver and His Band of Merry Pranksters spotted this little addition at the bottom of the page.

    This is from the report that shows the amount of gold and silver said to be available at the Comex.
    "The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only."
    So much for even any pretext of audits and inventory controls. Just numbers on a piece of paper when push comes to shove.

    One can only wonder why the Exchange felt the need to add this statement now, after all these years. Especially when Comex eligible gold inventory levels are approaching record lows, and there is widespread mistrust of certain parties and their opaque market positions on this list.

    And there are rumours of forced cash settlements in lieu of bullion delivery floating around. The Hong Kong Metals Exchange just folded, and forced cash settlements. And banks are cancelling physical delivery arrangements.

    How can someone who is trading metals and storing them at the warehouse not be concerned about a declaration of force majeure without liability recourse? What is the purpose of a commodities exchange when there are no representations made that they even possess what one is trading?

    Who does the PR for these jokers? Or do they just not care anymore?

    We'll have to call the Waffle House and see if Bart Chilton has any comments to make about this.

    I wonder if we will see more disclaimers like this. The supermarket can put a disclaimer in the meat department that says that while they buy their product from believable sources, they make no representations or accept no liability with regard to the actual species of the meat which you are buying.

    Weighed, and found wanting. from Jesse's

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  5. Too busy with work these days so not able to post as much. I'm still about 50% equities and 50% cash. Not bothered by any of this noise, and hoping they take the market lower so I can put some of that cash to use and BTFD. I recently acquired a pair of pre-owned Rolex watches so that's my little dip into the tangible asset arena and looking to do more there. I fully believe we are several years away from any major "crash", as that's how far the CBs have managed to kick the can, IMO. The USD is still the best house in a real bad neighborhood and should stay that way for the foreseeable future.

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    1. good to hear from you bud.... you may want to take brotherjohns advice at the end of his vid..... "I highly suggest you not attend the show"

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  6. Oh, the irony of Madoff warning investors that the ind. investor is the last to have info...

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  7. http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/6/6_Bill_Fleckenstein.html

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  8. Must have been 2006 or 7. I was up to my eyeballs in real estate. Bill Fleckenstein said the wheels were falling of the real estate wagon. I did not believe him...to my peril. He is one of the only MSM that will post realistic points of view.

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    1. yeah...he's a survivor and always tries to avoid the crowd.....he's been fighting an uphill battle with the Fed here and he's disgusted with the damage its doing to our future.....gl

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  9. One ugly spx chart here....

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  10. coming soon to a theater near you

    http://openchannel.nbcnews.com/_news/2013/06/06/18787450-former-drone-operator-says-hes-haunted-by-his-part-in-more-than-1600-deaths?lite&ocid=msnhp&pos=1

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    1. Fker should be and he could have quit at any time so I hope the souls of the dead haunt him for eternity....

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    2. Tom, give the guy a break. He was just doing his job.

      People that join the military know full well from day 1 that they may be required to kill other people. That's how armies work.

      Furthermore, I'm sure the vast majority of his kills were Taliban, those lovely folks that like to shoot little girls just for attending grade school.

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    3. You might be correct perhaps I was a bit rash wishing him an eternal haunting since as you pointed out he was only doing his job maybe that should be reserved to those that ordered him to do so........

      He does seem to have genuine remorse and regret but not ever being in the Military and after reading his statments the question in my mind is if what your doing is against your conscience why continue as it appears was with him based on his statements? I'm certain there would be ramifications for looking for a job change in the Military but wouldn't that be better as a matter of concience than have to live with a life time of regret? Curious......

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    4. these guys are young and are CHOSEN based upon their psychological profiles......HE SAID IT HIMSELF....he felt like a SOCIOPATH......EXCEPT in HIS case he found a conscience abeit after the fact he still found it......there are many more just like him waiting for that job opportunity.... Plus you have NO JOBS for this age group and NO future

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  11. http://www.washingtontimes.com/news/2013/jun/5/nsa-seizes-phone-records-verizon-customers/

    Gotta love big brother...state of martial law since 9/11 allows them to just stomp all over your constitutional rights...

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  12. Still one ugly chart...My guess a panic day and huge squeeze tomorrow.

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  13. Yup and its more then just metadata....

    http://www.theatlanticwire.com/politics/2013/06/nsa-spying-verizon-analysis/65963/

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  14. We have no private life...My grandkids tweet EVERYTHING in real time. Live under the radar if ya can.

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  15. Rand Paul: NSA seizure of phone records ‘an astounding assault on the Constitution’

    Read more: http://dailycaller.com/2013/06/06/rand-paul-nsa-seizure-of-phone-records-an-astounding-assault-on-the-constitution/#ixzz2VSQPF09d

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  16. http://www.nakedcapitalism.com/2013/06/bill-black-how-elite-economic-hucksters-drive-americas-biggest-fraud-epidemics.html

    everytime you get a counter rally the 10 yrs goes back up......need the 10 yr at 1.90...ben's plan is losing bond side of equation...

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  17. If anyone believes that Gold does not play a central role in this entire ponzi then read this

    http://www.zerohedge.com/news/2013-06-06/india-central-bank-prohibits-sales-gold-coins

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  18. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/6_Swiss_Refiner_Delays_Hit_5_Weeks_On_Massive_Gold_Demand.html

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  19. Could we revisit the confiscation issue? I'm beginning to think they confiscate gold but maybe not silver. What say ye?

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    1. http://beforeitsnews.com/gold-and-precious-metals/2013/06/warning-for-those-of-you-storing-metals-from-a-20-year-trader-in-the-metals-business-2506158.html

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  20. Also, if they are closing the doors on the Money Market accounts, where in the world should one park cash if not in the mattress? And if anyone doesn't think silver can also be revalued, remember Silver Certificate written on the FRNs.

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  21. Sister. They can't just come into our homes and steal our gold. This is the United States of America!

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    1. Actually Jay they can but they wouldn't have to. Most of the gold they would confiscate would be in storage facilities or banks storage facilities......that's where the bulk of U.S. private gold is. Small investors have very little bullion relatively and many of those will turn over their gold when threatened with a felony. Much of their gold of significance is already tracked. It would be hard to exchange it but risky black markets would arise. Silver is also at risk. But it would not change their store of wealth value....just the timing of conversion to fiat or another asset

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  22. http://www.planbeconomics.com/2013/05/documentary-about-plunder-hypocrisy-and.html

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  23. Dang, the MSM is all over the govt monitoring of phone and online data of people. i find it hard to believe that people didnt realize this was already happening for years. almost seems like this story was put out by the PTB purposly, as some type of diversion, to lesson the impact of some future event.

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    1. Say a low level keyword in real time over the phone and you are notified the conversation is being recorded. (coworker)
      Say a high level keyword / phrase in real time and you get a visit from the FBI or the SS. (already has been small news items locally)

      I am actually enjoying taking more walks and traveling without my cell phone or tablet.

      Anything you write, talk about, or appear in an electronic forum or public place, expect it to be recorded and analyzed in real time.
      What you see in the press is meant to discredit the current administration so other agendas could be further advanced. Got to channel the anger from the masses somewhere, and away from the true powers pulling the strings and prepping their DUMBs.

      Still a good idea to prepare to be able to function and survive without an electronic ankle chain.

      Getting back to paper trades, if you don't have it in your possession you are hosed.

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    2. I was wondering the same what is the left hand doing while we r watching all this crap in the right hand...... Its amazing how the lid was blown off all in a matter of months when with a little a little journalistic effort this stuff could have been brought to light years ago....

      Interesting!

      http://www.guardiannews.com/world/2013/jun/06/us-tech-giants-nsa-data

      "Microsoft – which is currently running an advertising campaign with the slogan "Your privacy is our priority" – was the first, with collection beginning in December 2007."

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  24. “The Trilateral Commission is international and is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the U.S.” - Sen. Barry Goldwater

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  25. pay attention to price action on miners today

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  26. THIS is what should make you sick ...we are building a "poverty class"

    from ZH..... The time has come to look at the quality component of the 175K jobs added in May, so without further ado, let's drill down at where the growth was. Without much surprise, we find that as in months past, the bulk of the growth continues to be concentrated in the lowest wage jobs:

    Leisure and Hospitality added the most jobs in May, 43K
    Retail Trade jobs rose by 28K
    Education and health added another 26K
    Temp jobs: the lowest of all paying jobs added another 26K
    In summary - of the 175K jobs, 122K was to low wage occupations.

    How about higher paying jobs? Professional and Business Services (ex. Temp) rose by 31K in May, less than the 34K in April, Financial Activities posted a tiny 4K increase compared to 9K in April, Wholesale Trade was up a whopping 8K (compared to 4K in April), and finally Manufacturing jobs declined for the second consecutive month in a row, dropping first 9K in April and now 8K in May.

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  27. Poverty class dependent on the government for everything. P**O-T here yesterday speaking at a school and demanding public preschool for all. I know I am paranoid but I could swear sometimes my computer clicks as tho it is taking pictures of all my page views. It is just breathtaking what has happened over the last few years.

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  28. And of course we couldn't have a weekly close over 1400.

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  29. Well now you know why the retired one was invited......

    http://www.infowars.com/david-petraeus-at-bilderberg-to-craft-big-data-spy-grid/

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    1. NOW we know JUST what this man is......I wondered when they "took him out" whether he might have some scruples but now its obvious he is another scumbag shill

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    2. BTW sheeps here is your squeeze.....DOW up 183.....they just didn't give you the dump for an easy entry......question now is when is the short

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    3. Is anyone in the cesspool of power what they portray themselves to be......

      Apparently not!

      Also they are going to make it a little harder on the folks that want to protest in mass here in NY, guess they had OWS and the 2A crowd in mknd .....

      http://www.nysenate.gov/press-release/senate-passes-bill-making-harassment-police-officer-crime

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  30. this thrust up is BS..stopped out of shorts...thinking 1645 jumping back in...

    amazing 11 days of sell off and 4 hours to get it 1/2 way...so managed its criminal

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  31. I just got to work and haven't read the news yet.

    What caused this??!!:

    Gold
    1,378.30
    -37.50
    -2.65%

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  32. Just watched the Simon Johnson video...excellent stuff, too bad it was almost 2 1/2 yrs. ago, we know there are people who are fighting for smaller, less powerful banks but nothing has changed. Am going to check out his blog.

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  33. "11 days of sell off and 4 hours to get it 1/2 way"

    Mucho damage. Chart still ugly. Economy Ugly, Fed stimulus getting old, Europe ugly.

    Somebody has to do a lot of buying to get back to the top and It Ain't Me..I Ain't No Fortunate Son.

    In this game of chess, what are "they" trying to accomplish here?

    #1. No lackys in PM
    #2. No lackys in the Vix
    #3. No lackys in the miners.

    Kinda tells you where you need to be.

    Kinda of a bunker kind of day.

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  34. Very Large bull flag on the 15 min. If the "market": [(algos)*(freemoney)/(insiderinfo)*(bankerscubed)=what ever "they" want] can bust here this market will go much higher.

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  35. KLI: What's your take on today's market action?

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    1. nothing but short squeezing on general equities....can go higher depending on how many shorts are trapped. Miners are nothing but stop shopping and accumulation in the most desirable miners while destroying the sentiment in the sector for "some" long term holders....gold is nothing but headline price manipulation and desperate accumulation of bullion out of the GLD pukers.

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    2. this is sums it up

      http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/7_Former_White_House_Official_Discusses_Gold_Manipulation.html

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    3. and this

      http://news.goldseek.com/GATA/1370628701.php

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    4. This market is rigged....

      From your second link....

      "Gene Arensberg of the Got Gold Report calls attention to CNBC's report of a burst of seemingly "mysterious" gold futures contract dumping that took place today a fraction of a second before publication of the U.S. government's employment report."

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  36. I think Inlet's charts are going to be right which show that the markets will trend lower thru June. The Russell 2000 and the NYSE are not up as high as the DOW & Nasdaq, and the Russell & Nasdaq are more difficult to manipulate. The Keystone Speculator follows a Utility Index (^DJU) which was up the morning, but now down.
    I think too soon yet to buy the dip.

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  37. Now I get it--Fed's Plosser said jobs report is another reason to trim QE.

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  38. Something to chew on for the week-end, Martin Armstrong's Dow calls. A s-t call of firm since it closed above 15162.84 today: http://armstrongeconomics.com/2013/06/

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  39. Only by going alone in silence, without baggage, can one truly get into the heart of the wilderness. All other travel is mere dust and hotels and baggage and chatter. John Muir

    Go find peace this weekend...it's in all of us..

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    Replies
    1. If you're a PM investor and are discouraged after today's action then heading deep deep deep into the wilderness may be just the thing

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    2. Given all that is going on around us definitely sage advice or you could go shopping.......

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  40. http://www.zerohedge.com/news/record-number-us-households-foodstamps

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  41. http://jessescrossroadscafe.blogspot.com/2013/06/c-fitts-on-debt-centralization-money.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29

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  42. Jay,

    Told ya Xbox has eyes......

    http://dailycaller.com/2013/06/07/new-xbox-by-nsa-partner-microsoft-will-watch-you-247/#ixzz2VYZSDzox

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  43. Everyone stay on your toes......watch the prices of essentials over the next few months. They're trying to keep the global commodity game inside a box that's starting to leak. Once the leak starts to increase then the game's over. This is why Ben is jawboning withdrawing QE...he may even announce and implement a few months of "apparent" decrease just to show you how vital his printing is......one thing is certain this year is going to show the cracks and next year will show the flood

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  44. http://news.goldseek.com/GoldSeek/1370606400.php

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    1. Dude that just tells you they are getting desperate and you can be certain that given all that is going on here its coming our way..... As the old saying goes "If you snooze you lose".

      btw: Maybe you could expand on your essentials comment other than gas everything is still marching on.....

      Delete
    2. essentials are controlled by commodity prices which through the cabal's invention (futures market)..price control is maintained. This depends upon cooperation from a number of financial players NOT to mention sovereigns......if an imbalance develops due to "noncooperation" then the dominoes will quickly begin to fall and contagion of the price fire begins...THIS is their fear and it is beginning to teeter in many of the "developing" countries. Staples are starting to explode and if it isn't tamped down it will spread quickly into the West.

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  45. http://www.youtube.com/watch?v=m-xjFkW2NuE&feature=player_embedded#!

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  46. great news!! French president declares euro zone crisis is over. happy days again. hehe

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  47. http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/6/9_John_Embry_files/John%20Embry%206%3A9%3A2013.mp3

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  48. The biggest price increases I notice other than gasoline are the smaller containers of grocery items. I think just at Christmas I bought some things that were at least 12 oz. if not 16 oz. and bingo! now they are 9 oz. But the avg. consumer trying to feed a family will not be fooled. That is a 25-45% increase. Repeat after the MSM, there is no inflation, there is no inflation.

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  49. my water company just increased rates 18% and nat gas company increased 20%. we all know about food prices. one thing that is very concerning is prescription drugs seem to be climbing. I haven't gotten a pay increase in 3 years, but, atleast the housing mkt is booming.

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  50. This comment has been removed by the author.

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  51. While the country is distracted with Ed's Snowjob, they won't seem to notice essentials are reaching a tipping point with a collapse in jobs just a month out. Eating out less and cooking at home more myself. We have the cheap gas locally at only $3.55 a gallon. Only thing keeping the local economy from collapsing is the $450 million coming in annually from the military.

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  52. Tom,
    I did watch the entire 58 minutes. I was simply disagreeing with some of the things he was saying. I agree with him about the current administration and civil liberties, and about the poor decisions Bush made, for example. But it is a little disingenuous to call the Tea Party part of a lunatic right fringe and he later espouses many Tea Party principles in the duration of his dissertation. Believe me, I don't pick a "side." There are many bad eggs scattered all over the political spectrum. And a very few good ones. The only side I "pick" is right or wrong, moral code. And to clarify my point, I'm suggesting that many folks "in the know" seem satisfied merely in believing they have the whole world figured out and evade culpability by saying there's nothing they can do---it's an excuse for doing nothing, because they've taught themself to be helpless. It doesn't matter what, exactly, just do SOMETHING to try to make it better instead of hiding behind a computer screen. At least vote, and if you don't like your candidates, RUN for office yourself. Mr Hedges echoes my point exactly in the video talking about how we've betrayed our children to this point. I don't agree with all Ron Paul's policies, and he couldn't change everything, but he did make a difference. You can't wait around for a bunch of drugged up, unemployed, spoiled brat Occupiers to save the day like Mr Hedges laments. Regardless, the more expansive the government gets, the more of our lives it gets involved in, the more trouble we're in.

    As far as Fox letting Glenn Beck go, believe me, I know Fox let him go, and I can speculate where it came from same as you, but at least Fox has allowed alternative viewpoints, up to a point, other than the lobotomized MSM.

    To follow the other part of this thread, they CAN take gold from you. From around 1933 until around 1974, in THIS country, gold was NOT legal to own by indivicuals. I enjoy accumulating physical but most of us won't own enough to make a difference. I don't care if you wind up with a couple hundred K worth of physical, it will be gone soon, one way or another if global economic meltdown happens. You may have a head start, but using it exposes your ownership and would make you a target from those above and below. You gotta have a bigger plan than a 100lb bag of shiny that you can barely carry.

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