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Friday, 25 March 2011
Tokyo citizens in panic to buy bottled water as tap faucets spew radiation
(NaturalNews) In the aftermath of the Fukushima nuclear power plant catastrophe, radiation levels are now rising in Tokyo's water supply, leading to near-panic among citizens there who have stripped the shelves bare of virtually all bottled water supplies. This was all set in motion by Tokyo officials finally admitting that radiation levels had risen in the water supply beyond the point of safe consumption by infants and toddlers
Surf Warning: Tsunami to Lift Gold
GOLD & SILVER EFFECT
IMF Prepares For "Threat To International Monetary System"
Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: "The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion." Little did we know that our conclusion "something big must be coming" would prove spot on just a month later after Greece, then Ireland, then Portgual, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: "something bigger must be coming." As if the IMF's trillions in open lending facilities (many of which have recently been adjusted to uncapped) were not enough, we now learn that the world lender of last resort (which in theory is the Fed, but apparently Bernanke has been getting a little shy lately so is offsetting his direct lending directives to secondary organizations like the IMF, leaving the Fed with only USD liquidity swaps) is about to activate a "Special Funding Pool" - Dow Jones explains: "The International Monetary Fund is expected to soon activate a special funding pool that will boost the fund's ability to prevent or resolve economic crises, two people familiar with the situation said Thursday. One of the people said the activation of the funding--which can only be made by a special request from the IMF managing director to the board--was in anticipation of an expected wave of new IMF programs, including the possible expansion of the Greek bailout package." Wonderful. Global financial cataclysm rinse repeat all over again...
Little Guys Fight Back! » The Two Coming American Revolutions.
There are two kinds of Revolutions on the horizon for America. The first, is a get back-to-basics Constitutional Revolution. This kind of patriotic revolution is a non-violent, non-compliant movement that is centered on education and leaderless resistance. The Constitutional Revolution seeks to level the playing field by eliminating the core of our problems our debt based, fractional reserve, fiat money system and mercantilism and replace it with honest money and Free Market capitalism. It also seeks to have a level field of justice, campaign finance and decentralize political power away from the Elite. This Revolution would bring home the troops from our 777+ military bases and practice non-intervention. They would seek to level unfair taxes and regulations that benefit the Elite and hurt the rest of us. In short, they would legalize the Constitution with the right to bear arms, freedom of speech, freedom of the press, Habeas Corpus, and so on.
The second kind of Revolution is very different, even though they seem to have the same bad guys in their sights. I have always watched a lot of documentaries. Recently there have been a lot of very slick documentaries attacking Wall St, The Federal Reserve, Debt, Housing Bubble, Corporate Greed, Wars, Outsourced Jobs and Big Oil. All of these documentaries are stunning attacks at the very real problems our country is facing. For the most part there is nothing to argue against. We are going down the wrong road and there is a group of Elite that are absolutely gutting America and raping the world for their own personal profit and power.
The problem is, for the most part, these documentaries don’t offer a solution, only an attack on “Capitalism.” This Anti-Capitalism or Collectivism Revolution seeks to paint a broad brush and label all Capitalism as evil. In reality the kind of Capitalism we have today has nothing to do with the Free Market Capitalism that made America great. Our Capitalism today is a Collectivist monster that is better described as Crony Capitalism, Crisis Capitalism, State Capitalism, Corporate Capitalism, Gangster Capitalism or Mercantilism. These economic systems have much more in common with their Collectivist cousins Fascism, Socialism, and Communism than Free Market Capitalism. The underlying tone to all of these documentaries are hinted at with phrases like progressive politics, stronger worker’s rights, redistribution of wealth, health care is a right, higher taxes and regulation… you know Socialism. They won’t come out and flash the Lenin or Marx posters, but the influence is there.
“ALL SOCIETIES ARE CAPITALISTIC. The ONLY difference is who owns/controls the Capital. You don’t really think Communists are trying to get rid of Capital do you? Your either going to live under a Monopolistic Capitalistic Oligarchy, or a Competitive Capitalistic Republic. There aren’t any others.” Sui Juris
The defining power of Free Market Capitalism is failure. When you fail in a free market, you alone bear the burden of your loss. When you succeed, you alone are the beneficiary of your labor. Through your risk of failure, you seek to make the best decisions and take educated risks. Through failure, you seek to improve your product or process over and over, until you succeed. Thomas Edison failed 1,000 times before he created the light bulb.
In a Free Market, there are no Central Banks rigging the price of money. There are no “too big to fails.” There are no bailouts. There are no redistribution of wealth. There are no committee to set prices or regulations. There are no Government subsidies. Government would only act as a referee ensuring a good clean fight on a level playing field.
The problem we face now is that our “Capitalism” is corrupt and only serves the Elite. Those with the political connections get bailed out of their failure and spread the cost among those who were prudent or worse, those that succeeded. In reality we have a two tiered system in which most of America gets the failure of Capitalism and the Elite get the Socialism of being bailed out on our backs. In essence we privatize profits and socialize loses. This creates a moral hazard where those that are alleviated of the risk of failure, take more and more risk, in search of greater profits. This ultimately leads to a crisis which, is where we are today.
The Constitutional Revolution seeks to create a level playing field with honest money at its core. They would eliminate the Fed and the ability for them to print money out of thin air that taxes us through inflation. They would let the “too big to fails” fail. They would put the criminal CEOs in jail for their schemes. They would allow the Free Market to find proper CEO compensation, because the tricks CEO’s use to pump up their wealth, would be eliminated. They would eliminate Corporate Welfare and anti-competition regulations. In a truly Free Market, we would not have this vampire squid sucking all of the wealth from the creation and profiting off of asset bubbles. The Constitutional Revolution would decentralize power. This would localize any crisis into their immediate area of influence and not this globalized crisis of the month. In short, this system would be a system of volunteerism and responsibility with no coercion or violence.
The second kind of Revolution is very different, even though they seem to have the same bad guys in their sights. I have always watched a lot of documentaries. Recently there have been a lot of very slick documentaries attacking Wall St, The Federal Reserve, Debt, Housing Bubble, Corporate Greed, Wars, Outsourced Jobs and Big Oil. All of these documentaries are stunning attacks at the very real problems our country is facing. For the most part there is nothing to argue against. We are going down the wrong road and there is a group of Elite that are absolutely gutting America and raping the world for their own personal profit and power.
The problem is, for the most part, these documentaries don’t offer a solution, only an attack on “Capitalism.” This Anti-Capitalism or Collectivism Revolution seeks to paint a broad brush and label all Capitalism as evil. In reality the kind of Capitalism we have today has nothing to do with the Free Market Capitalism that made America great. Our Capitalism today is a Collectivist monster that is better described as Crony Capitalism, Crisis Capitalism, State Capitalism, Corporate Capitalism, Gangster Capitalism or Mercantilism. These economic systems have much more in common with their Collectivist cousins Fascism, Socialism, and Communism than Free Market Capitalism. The underlying tone to all of these documentaries are hinted at with phrases like progressive politics, stronger worker’s rights, redistribution of wealth, health care is a right, higher taxes and regulation… you know Socialism. They won’t come out and flash the Lenin or Marx posters, but the influence is there.
“ALL SOCIETIES ARE CAPITALISTIC. The ONLY difference is who owns/controls the Capital. You don’t really think Communists are trying to get rid of Capital do you? Your either going to live under a Monopolistic Capitalistic Oligarchy, or a Competitive Capitalistic Republic. There aren’t any others.” Sui Juris
The defining power of Free Market Capitalism is failure. When you fail in a free market, you alone bear the burden of your loss. When you succeed, you alone are the beneficiary of your labor. Through your risk of failure, you seek to make the best decisions and take educated risks. Through failure, you seek to improve your product or process over and over, until you succeed. Thomas Edison failed 1,000 times before he created the light bulb.
In a Free Market, there are no Central Banks rigging the price of money. There are no “too big to fails.” There are no bailouts. There are no redistribution of wealth. There are no committee to set prices or regulations. There are no Government subsidies. Government would only act as a referee ensuring a good clean fight on a level playing field.
The problem we face now is that our “Capitalism” is corrupt and only serves the Elite. Those with the political connections get bailed out of their failure and spread the cost among those who were prudent or worse, those that succeeded. In reality we have a two tiered system in which most of America gets the failure of Capitalism and the Elite get the Socialism of being bailed out on our backs. In essence we privatize profits and socialize loses. This creates a moral hazard where those that are alleviated of the risk of failure, take more and more risk, in search of greater profits. This ultimately leads to a crisis which, is where we are today.
“I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. … You are a den of vipers and thieves.”
—Andrew Jackson, 1834, on closing the Second Bank of the United States;
The Constitutional Revolution seeks to create a level playing field with honest money at its core. They would eliminate the Fed and the ability for them to print money out of thin air that taxes us through inflation. They would let the “too big to fails” fail. They would put the criminal CEOs in jail for their schemes. They would allow the Free Market to find proper CEO compensation, because the tricks CEO’s use to pump up their wealth, would be eliminated. They would eliminate Corporate Welfare and anti-competition regulations. In a truly Free Market, we would not have this vampire squid sucking all of the wealth from the creation and profiting off of asset bubbles. The Constitutional Revolution would decentralize power. This would localize any crisis into their immediate area of influence and not this globalized crisis of the month. In short, this system would be a system of volunteerism and responsibility with no coercion or violence.
And Like Clockwork, CME Hikes Silver Margins Halting Surge... Thankyou, silver on sale!
In tried and true fashion, just as Silver was about to viciously destabilize the global capital markets as it surged to new 31 year highs, the CME stepped in and did its usual 3-6 half life intervention by hiking initial and maintenance margins on silver futures from $11,138 and $8,250 to $11,745 and $8,700 respectively. This is merely the latest margin hike in what appears to be a neverneding series designed to reduce speculative "fervor" courtesy of endless liquidity. What it will do is merely provide a better entry point for those who by now realize that silver's next stop in the fiat endgame is $40, then $50, and so forth. Naturally, the price drop in silver caused gold to sell off too. And now that the CME accepts gold as collateral, we can't even visualize the reflexive loops that develop once the metal that is also a collateral currency becomes more and less valuable at the same time.
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