The CRIMINAL FED, Silver & Hyperinflation — Dr. Jeffrey Lewis

Writer and researcher Dr. Jeffrey Lewis from Silver-coin-investor joins me to discuss silver, recent moves by Putin to reveal the men behind the curtain for the whole world to see – and the inevitability of hyperinflation of the US Dollar. Thanks for joining us!

Jeff’s site:

For REAL News & Information 24/7:

Music: “Complex”
( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

Simon Black – The US government just crossed the Rubicon


October 8, 2015
Caracas, Venezuela

In 49 BC, a defiant Julius Caesar stood in front of his army at the River Rubicon and made the biggest decision of his life.

It was strictly forbidden by Roman law for a general to lead his army out of its province and into Rome. And the Rubicon marked the boundary.

“Alea iacta est!” (The die is cast!) he said, and led his army across the river into civil war.

The phrase “crossing the Rubicon” has stuck for more than 2,000 years, signifying a risky and dangerous point of no return.

This week, the United States government crossed the Rubicon.

In a fit of complete arrogance, a federal judge ruled that he has ‘jurisdiction’ over one of the biggest banks in mainland China, Bank of China (BOC), and demands that the bank turn over financial records to his court.

The judge is hearing a case brought by the luxury brand Gucci against an alleged Chinese counterfeiting ring for selling fake handbags in the United States.

The claim is that the Chinese defendants are sending their ill-gotten gains back to Bank of China in the mainland. And the judge wants to see their account activity.

Bank of China, as you can probably guess, is predominantly owned by the Chinese government.

So it goes without saying that this demand (not a request) is a direct affront at China’s sovereignty.

The only leverage the judge has is that Bank of China has a branch in New York City; it is officially a licensed bank in the US.

So if Bank of China doesn’t comply, the judge could theoretically order that their US license be revoked.

Once again, the United States is using its financial system as a weapon.

Since US dollars are the most widely used reserve currency in the world, every bank on the planet needs some access to the US banking system.

Whether you’re in London, Riyadh, Sydney, or Shanghai, the most widely traded commodities, bonds, and financial contracts in the world are primarily denominated in US dollars.

Plus most global trade takes place in US dollars.

So not only are banks forced to hold US dollars, they require access to the US banking system in order to clear and settle US dollar transactions.

Large international banks have what are known as ‘correspondent bank accounts’ or ‘nostro accounts’ with US banks.

So a big bank in Denmark, for example, may have a correspondent account with JP Morgan or Citibank in New York in order to facilitate its dollar transactions.

And sometimes foreign banks may even apply for their own US banking license, as in the case of Bank of China.

But if a bank were to be kicked out of the US banking system, it would be incredibly detrimental to its ability to hold and transact in US dollars. And hence quite difficult to participate in global trade and finance.

This financial leverage is an unbelievable advantage for the United States, and is a result of the rest of the world placing a great deal of trust in the US government.

But the government has shown time and time again that they are willing to abuse that trust and use their advantage as a weapon– one that is more powerful than the US military.

Just last year, the Treasury Department fined French bank BNP Paribas a whopping $9 billion for doing business with countries that the US doesn’t like, such as Cuba.

Of course, Cuba and the US are BFFs now. But I doubt BNP is getting a refund anytime soon.

And naturally, if BNP didn’t pay up, the US could threaten to evict them from its financial system.

It’s simply amazing that the US did that to its own ally.

Now they’re going after China, its biggest competitor.

The Chinese are already working on a parallel, competitive financial system.

They set up the Asian Infrastructure Investment Bank to compete with the vestigial IMF and World Bank.

And they’re nearing completion on an international payment system and clearing network to compete with SWIFT and the US financial system.

It’s called CIPS.

And once it’s up and running, there will likely be a rapid increase in the worldwide use of China’s currency for financial transactions– transactions that used to be executed in US dollars.

Sticking it to Bank of China like this only gives the Chinese government even more reason to wage war on the US financial system through CIPS.

The reduced demand for US dollars completely destroys America’s last remaining advantage.

If they can’t force the rest of the world to use the US banking system, then they won’t be able to force the rest of the world to hold US dollars or buy US government debt.

It weakens America considerably.

And when future historians write the history of the decline of the United States, there will no doubt be a chapter on how the US government made it a matter of national policy to consistently abuse the power entrusted to them by the global banking community.

Of course, Julius Caesar didn’t learn that lesson either.

After crossing the Rubicon, he won a long civil war, after which the Roman Senate made him dictator for life.

And fearing he would abuse it, he was assassinated just a few weeks later by the very people who trusted him with that power.

Until tomorrow,
Simon Black

USA Watchdog – We Are Entering the Time of Financial Collapse Point-V the Guerrilla Economist

4 jpegBy Greg Hunter’s

“V, the Guerrilla Economist” says we have reached the point of no return in the global financial system. “V” explains, “We are entering a time which I call the collapse point. At the collapse point, there is going to be massive systemic shock. Why? Because you have one paradigm and one system being done away with, which is the dollar. It is going to be replaced by a new system. During that transition period, you cannot expect to trade anything because what do you trade it in? That’s why the Chinese are gearing up their own gold price fix. Once that collapse point happens and the world reels from the systemic shock, the Chinese gold price fix and the BRICS system will be there to fill in that vacuum. That is what’s being set up right now.”

“V” uses an anonymous name because he says if his cover is blown, he would lose business and his global high ranking financial sources. So, what will the collapse look like for the man in the street here in America? “V” says, “I was on a conference call at the beginning of the year. On that call were seven guys and some of the smartest people in the world.   They work in various sectors of government and various sectors of the military, and the question was asked what does an economic collapse in the United States look like? The initial, unanimous answer was you can expect anywhere from 25 million to 50 million dead in the first 90 days. I almost fell off my chair. Then they said, it’s real simple. You are going to have people dropping dead from violence, looting, rioting, lack of medication; we are the most medicated country on the planet. People also will be dropping dead from starvation, dehydration and disease. That’s going to kill a large swath of people. If you look at the big population centers: in New York you got 8 million people, in L.A. you got a couple of million. It would be very easy to rapidly build those death numbers up.”

Can you survive the crash here in the U.S.? “V” says, “My people say you need to have enough food and supplies for three months. I say to be safe, you should have supplies for six months. . . . My hope and prayer is “We the People” get this government and these things under control and prosecute these criminals at some point. . . . You cannot stop what is coming. You cannot stop this collapse. It’s too far gone and too far forward. You are not going to stop it, but right now, the race is for who is going to win on the other side. Is it going to be us, the American people? Or is it going to be the criminal cabal that is running D.C. right now. They have already made a pact or a promise to do whatever it takes for them to hold on to power on the other side of this thing. You’ve got to understand, the economy is weak and these guys are weak, as well. They have never been weaker.”

So, does the collapse point happen this year? “V” predicts, “No crash this year. You will have major geopolitical events. The dollar will be undermined. The petro dollar will come to an end by the end of 2015. There will be no market crash this year.”

What about gold and silver prices? Will they vault higher this year? “V” says, “No, but I expect them to vault higher by the middle of 2016.”

Join Greg Hunter as he goes One-on-One with “V, the Guerrilla Economist” of

(There is much more in the video interview.)

Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts Buyback ~ ZeroHedge

Tyler Durden's picture

It had been quite a downcast start to the third quarter earnings season following very disappointing earnings from Illumina, Adobe and Yum Brand. Then Moments ago agri-giant Monsanto made it four out of four when it reported a huge miss on both the top and bottom line, with Q4 revenue of $2.36 billion, far below the $2.79 billion consensus estimate and down 10% from a year ago. The EPS was likewise a disaster, which at at loss of $0.19 in Q4, was also far below the consensus estimate of ($0.03).Q4 EBIT tumbled to -$773 million, while full year EBIT was down 15% to $2.2 billion.

This is what the company justified this shockingly bad result:

Full-year net sales results were driven by the performance of the company’s Seeds and Genomics segment and licensing agreements, which were more than offset by foreign currency headwinds, declining corn acres and declines in glyphosate pricing.

Then there was the topic of cash flow: Monsanto was proud to announce that in 2015 it $3.1 billion in cash from operations, the same as in fiscal year 2014. Free cash flow was a source of $2.1 billion in fiscal year 2015, compared with a source of $959 million in fiscal year 2014. The fiscal year 2015 cash flow results primarily reflected the absence of The Climate Corporation acquisition and the BioAg Alliance with Novozymes.

So, great news right: the company was generating solid cash flow right. Well, yes, until one realizes that in 2014 MON repurchased $7.1 billion in stocks, and then another $835 million in 2015. In other words the company spent more than it generated in the past two years on buybacks.

Worse, MON spent $7.1 billion buying back stock at an average price of just over $115/share in 2014. Its stock is now $85, which as every Treasurer knows is a great way to generate a -25% return on cash investment…

… but to assure a huge grin on the faces of activist shareholders who were delighted to sell to the company at $125 last summer.

As for MON, we are happy that the company has not learned its lesson:

Monsanto plans to enter into a new $3 billion accelerated share repurchase program under its current share repurchase authorization, as it progresses toward its targeted capital structure. The company plans to begin the new accelerated share repurchase program in the near-term and complete it sometime in the next six months.

Because when all else fails, a short-term pop and a long-term drop is precisely what “activist shareholders” demand.

And as for all else failing, one just needs to look at the outlook:

  • Monsanto expects to achieve ongoing EPS of $5.10 to $5.60 in fiscal year 2016.

This compares to consensus estimates of $6.22. What is to blame this time?

Ongoing EPS guidance reflects in part an estimated $0.35 to $0.40 of headwinds from currency, $0.50 to $0.85 of headwinds from Agricultural Productivity pricing declines and $0.20 to $0.30 from elevated cost of goods for corn and the anticipated launch costs of Roundup Ready® Xtend soybeans. EPS on an as-reported basis is expected to be $4.44 to $5.01 in fiscal year 2016, reflecting additional charges related to the first phase of announced restructuring actions.

So pretty much everything including central bankers.

It gets worse:

The company projects free cash flow in the range of $1.6 billion to $1.8 billion for fiscal year 2016. The company expects net cash provided by operating activities to be $2.7 billion to $3.1 billion, and net cash required by investing activities to be approximately $1.1 billion to $1.3 billion.

Consensus cash flow estimate: $2.56 billion. But at least more than all of the company’s net cash will be used to fund the stock buyback.

And while Monsanto management is delighted to hand over all of its cash flows to investors (and management’s equity-linked compensation bonus), there is something for workers too: a pink slip.

The plans also include an expected separation of approximately 2,600 employees over the next 18-24 months. 

Which, incidentally, is what in the New Normal is called “growth.”

The Middle Class Is Being Cooked Alive — Dave Kranzler

Published on Sep 26, 2015
Dave Kranzler from Investment Research Dynamics joins me to discuss his latest thoughts on the physical silver market, and ‘The Road’ of horrors that lay ahead for the American people. Horrors created by international Banksters like the Jacob Rothschild, who in 2007 – just a year before the great economic collapse of 2008 – paid $5 million pounds for a painting called ‘Boy Building a House of Cards’. Are you starting to get the picture?

For REAL News & Information 24/7:

Music: “Complex”
( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

WARNING: Global Economic Free Fall — Andy Hoffman ~

Published on Sep 27, 2015

Andy Hoffman from Miles Franklin is back to document the current state of the collapse of the global economy – and the situation is only getting worse by the day. From Caterpillar to Glencore Mining, the future is as clear as it is bleak. And most American still have absolutely NO IDEA what’s in store for them as the FED dominoes of fraud begin falling. TRILLIONS have been printed with no “trickle down” in sight. Meanwhile, there is plenty of paper silver and gold, and precious little PHYSICAL – even as the 1980 inflation adjusted all-time high for silver passes $600 per ounce. The sheeple sleep snug in their beds certain that today’s debt based paradigm will continue forever. They are in for a rude awakening.

For REAL News & Information 24/7:

Music: “Complex”
( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

Foster Gamble: Dragon Family And BRICS To Usher In New Currency

Dragon Family And BRICS To Usher In New Currency

by Gregg Prescott, M.S.

A new video has surfaced which tells of how the Dragon family, (an alliance of spiritual elders from China, Japan, Philippines, Indonesia, and Viet Nam), along with the alliance of numerous countries are not only prepared to start using a gold backed currency but will also provide “debt relief, humanitarian projects, and transformative innovations and inventions”.

The video was released by Foster Gamble and has many intriguing points.

According to Gamble, the BRICS countries are all in alignment of ending the Federal Reserve’s stranglehold of global currency and domination, while the Dragon Family are ” willing to provide the gold to back the dollar and keep America in the game”.  The only “catch” is that the U.S. banking cartel needs to end their scam of fiat currency (creating money out of thin air) while bankrupting other countries, and move to an honest, gold-backed currency.

The video description states:

Is a family of Asian elders about to spell the end of the Banking Cabal through a worldwide monetary reset? Or is the global economy about to be consolidated even further?

One way or another, the value of your money is about to change…

While this all sounds very promising, one must question everything, including the motives behind it. I’ll address some of these questions at the end of the article.

The following is a transcription to the video:

The question that we’re being asked most by our network, even more than Ebola, Ukraine, and Isis (which we will be addressing in the future) is “What’s really going on with the economy?” “Are we really in a recovery? Are we on the verge of some even greater catastrophe? Or, is it perhaps something else entirely?” With the current launch of our new ThriveTogether subscription option, we decided to share the following as a sample of the type of in process thinking that we’ll now be sharing with our subscribers. So, I’ll start in and then hand it off to Kimberly.

Regarding the global economy… What we’re actually seeing is unprecedented developments leading toward a possible complete global economic transformation. We see, very probably, a new, more humble, more peaceful role for the United States, a new role for the dollar, and, possibly, new roles for you and me. Here are some facts about a few recent developments that can provide critical background:

First, the BRICS countries (Brazil, Russia, India, China, and South Africa) have launched what they call the New Development Bank with a $100 billion gold backing and another $100 billion in reserve. The Chinese, who hold $1.3 trillion of US debt of U.S. debt, second only to the Federal Reserve itself, have begun selling rather than buying U.S. Bonds. So has Russia. So, America is running out of lenders to borrow from. For the first time in 70 years, the Chinese and Russians have created over 40 deals, including oil purchases totaling close to $1 trillion, and they’re doing this in their own currencies and gold, no longer agreeing to U.S. dollar supremacy. For anyone who doesn’t know, in 1944 (the end of World War II) the Bretton Woods Conference was held where the IMF and the World Bank were created and then soon after, the dollar was declared the only international exchange currency — basically, a global economic system primarily under U.S. control. These new deals and others like them around the world are a very significant move. The Chinese have also launched the Shanghai gold exchange to try to bring integrity to international gold pricing after recent revelations of market-rigging by the West. The BRICS countries have also created a new rating agency, the UCRG (Universal Credit Rating Group) that will compete with the cabal’s services (Fitch, Moody’s, the S & P) whose corrupt bestowing of AAA ratings upon junk investments was exposed in the 2008 crash. The BRICS alliance is also working (understandably) on an alternate Internet to avoid the predations of the NSA. The BRICS countries have been patiently check-mating the corrupt cabal that has been destroying the global economy and the environment and now this BRICS group is creating (as far as we can tell) a more transparent, honest, inclusive, and sustainable alternative.

I want to tell you a real story that might sound like a fiction thriller, but which I’m saying publicly now because I believe the evidence is strong enough now to support its validity. In addition to these BRICS developments, there is an alliance of spiritual elders (often referred to as the “Dragon Families”). They represent China, Japan, Philippines, Indonesia, and Viet Nam, at least and they are stewards of the largest off-the-book gold troves in the world. It represents most of the wealth on the planet and is sometimes called “Yamashita’s Gold”. This is fully documented in a 2005 book called “The Gold Warriors”, which we highly recommend that you read. Gold has been the most trusted medium of exchange and storehouse of wealth throughout history and we’re being told that these families want to use the vast resource, collected over centuries, to support debt relief, humanitarian projects, and transformative innovations and inventions. They apparently would be willing to provide the gold to back the dollar and keep America in the game, but the Western banking cabal needs to end their scam of creating money out of nothing and bankrupting other countries and then move to an honest, asset-backed system. We’ve also been made aware that there are many individuals in the armed services and in the intelligence agencies who are horrified at the deceptive and destructive agenda of the Washington Consensus and the military industrial complex. And they are not only unwilling to support more U.S. imperialist agendas, but are working hard and at great risk to correct the situation. In addition to The Oathkeepers and Veterans Against War, there’s a committed group who call themselves the White Hats who apparently have been brokering a pending, peaceful resolution — a deal between the Asian Elders and the Banking Cabal — and there are a lot of reports that these new negotiations are now reaching completion, though success is obviously not guaranteed.

You might be asking yourself, as I did, “Why would the banking cabal go along with all this?” To answer that, let’s look back at some relevant history because the relationship between the Elders and the cabal goes back centuries, but a hint of this dynamic is revealed by a few little-known occurrences. First, the Central Banking, debt-based money scam goes back several centuries to the founding of the Bank of England and the spread through Europe of the Rothschild family. U.S. President Andrew Jackson fought off assassination attempts for trying to prevent fiat money central banking in the U.S. Abraham Lincoln was assassinated shortly after he tried to get rid of fiat money. Fast forward to 1913, the Federal Reserve and the IRS are created in the same year and one century later, the purchasing power of the dollar has collapsed by more than 97%. In 1933, President Roosevelt confiscated the gold of all Americans to help repay secret debts to European central bankers. We’re being told that the Bretton Woods system itself was backed by borrowing from the Chinese against these vast gold holdings and repayment of these loans is greatly overdue. In 1963, President Kennedy issued Executive Order 11110 to issue dollars outside the Federal Reserve system and at the same time, he agreed to a deal with President Sukarno of Indonesia to use Asian gold troves to help stabilize the U.S. economy and to develop Asia and Africa. Shortly thereafter, as you know, he was assassinated. 1971 — President Nixon took away the gold backing of the dollar and now allowed money to be printed without anything real backing it and now the U.S. debt is almost $18 trillion. After the 2008 financial collapse in the first (for a long time) partial audit of the Fed it was discovered that they covertly gave away at least $16 trillion to domestic and foreign banks. For comparison, the entire US Gross Domestic Product last year was $16.2 trillion. Currently, the too-big-to-fail banks globally are carrying over $700 trillion in derivatives debt and the Federal Reserve has been printing tens of billions of dollars a month in fake money, putting the burden of repayment on us and on generations to come and calling it by the lovely name of “Quantitiative Easing”. This is exactly the kind of thing that the Elders don’t want to happen all over the world.

China is buying huge amounts of gold in addition to the troves I mentioned earlier. The U.S. is usually indebted to China and Japan and with nuclear weapons and millions of soldiers, China can’t be pushed around like so many other countries that the U.S. has bullied. Countries around the world are beginning to reject the use of the U.S. dollars, backed by nothing but the promise of a broke, heavily indebted imperialist country. And, interestingly enough, repayments of hundreds of tons of gold that China had moved to the US for safekeeping is 15 years overdue and the first shipment of gold back to China was due on September 12, 2001. Yes, the day after 9/11, when the offices that were handling the pay arrangements in the Twin Towers and the Pentagon were destroyed. Bottom line: audits of Fort Knox and the New York Fed (our gold depositories in the U.S.) aren’t allowed. When Germany demanded their loan gold back recently, the U.S. refused. America apparently does not have enough gold to join the world in backing their currency. The Elders are offering a way out of this doomsday reality.

Based on these facts and on our educated speculation, let’s look now at possible scenarios. In a worst case (let’s call this one Plan B), the U.S. and the banking cabal resist the offer of the Elders to provide gold to back U.S. currency and they reject joining the rest of the world’s new asset-backed system and the associated humanitarian relief. America would be isolated, the war hawks try to stay imperialistic, they try to create false-flag events leading to World War III, and they continue to try to impose their police state to their last dying breath. The big banks and the U.S. government are broke, so this would mean the collapse of the dollar and complete social breakdown in the U.S. Not a pretty sight.

Or, more likely in my opinion, but certainly not guaranteed, Plan A. The Western cabal reluctantly agrees and goes along with the release of ample, historic funds for honest asset-backed money, currency resets, debt relief, and historic humanitarian projects. The dollar may still devalue and most likely there would be major transitional challenges, but in the long run, a much more stable economy without fake money and the Global Domination Agenda is cast out to the trash heap of history at last. In the U.S., there would be a switch from Federal Reserve Notes (debt notes) to asset-backed TRNs (Treasury Reserve Notes), which we’re being told are already being printed, and prosperity based on real money begins to be restored. Of course, in this scenario, we need to be alert to be a truly free and empowering world of equal rights for everyone and not just wind up under the thumb of some new world regime in some sort of global, royal hierarchy or communist tyranny. The Elders must be held carefully to their spoken covenant to use these vast gold troves to reboot the world for humanitarian benefit. Also, soon the fractional reserve banking system will need to disappear along with fiat money because they are both illegitimate partners in crime. I’m told by some who have visited with them that the Elders are truly profound beings, enlightened enough to know that most of this gold is not truly theirs — that in fact, much of it represents the plunder of centuries of war and that they’re just stewarding its careful return to the people of the world. I’m told that their core commitment, as opposed to controlling greed, is to the spiritual legacy of their families, their people, and to the peoples of the world and I hope that it’s true. This is not the People’s Republic of China. This is a separate entity.

What’s really going to happen? That depends on what the cabal does and what the Elders do and, in the long run, what people like you and I do. With all that’s going on that is so insidious, why would I think that this Plan A is more likely? Because there are very well informed insiders working on this with whom we’re in contact. These are not just some rumors on the Internet for us. These same people forewarned us about the coming of the BRICS bank, the revelations of the Libor interest rate and gold price-fixing scandals, the new TRNs and much more. The timing of this type of unfolding event is understandably uncertain, but confirmations of key intel just keep showing up. The BRICS alliance is a hugely significant move and the Asian gold troves, which the CIA has been trying to locate and steal for decades, are real. I know it can seem strange to open to the possibility of such vast and beneficial global transformation, but there is a lot of evidence that the world is re-organizing around the fundamental pattern of restoring the wholeness of natural systems. We’ve been studying these emerging global and economic changes intensely for the last three years and now it finally seems like the time to bring this conversation out into the light because so many of the verifiable predictions are now actually happening.

When we were making THRIVE, I used to think if a genie gave me three personal wishes, what would I wish for? The first one was that the film would be safely finished. We used encrypted communications and stayed under the radar, we went global in a day in 10 languages, and obviously THRIVE came out safely. My second wish was that there would still be an open Internet to spread THRIVE’s message worldwide. That too happened, especially with the help of anonymous computer whizzes and activists everywhere. My third wish, which seemed really outrageous at the time, was that there would be a force in the world powerful enough to checkmate and transcend the Global Domination Agenda of the Western banking cabal that we laid out in our film. I am amazed and encouraged that this too seems to be coming true.

Kimberly: I think one of the reasons that Foster and I are so optimistic is because of the exposure we get. THRIVE is out in so many languages now that we are exposed to people and movements from every continent. As a result, I feel like what happens is we’re able to see a pattern and the pattern that emerges is informed by specific incidences, but it’s a vantage that allows us to see that a new paradigm really is emerging. We see signs of that all the time.

Since THRIVE came out, we have been contacted by over 400 different inventors of breakthrough technologies in power and water purification and decontamination and agricultural efficiency and healing technologies. It’s not because these are easy things to be developing at this stage of the game. It’s because they know that as this old system crumbles, we are not going to be starting from scratch on solutions. These things, once fully empowered, are going to be able to get out all around the world and we’re really going to be able to hit the road running on this. It’s true of so many things that we see.

So what are some other signs that inform the pattern that creates the hopefulness for us, but also informs our solutions strategies? In just a few years, more than 55 countries have either banned or seriously restricted GMOs. That’s almost entirely from grass roots activists organizing. Many attempts to suppress the Internet by the government and corporations have been successfully averted. (People are staying awake on that one.) There are more than a dozen countries that have pro-actively released their UFO-related files. People have organized to effectively resist the mandatory tracking RFID chips and national ID cards. Over a million people around the world have officially said “No” to smart meters and have informed the utility companies that they’re not going for it. The whole toxic aerial spraying and climate geo-engineering is really coming into people’s attention and they’re organizing to figure out what’s really going on and get the truth about that and organizing to stop it. The non-pharmaceutically-controlled cancer cures are becoming much more available to people. For sure, the medical cannabis, but also others. There’s one I’ve been working with recently called GcMAF. (You can check it out at I’m super-excited about that one.) Big banks have been fined now for market-rigging and fraud and sure, the amount they have been fined is insufficient and the individuals haven’t been held accountable, but nonetheless, I think it’s significant because it takes this whole fraud and market-rigging out of conspiracy theory and into official acknowledgment and I think there’s going to be a lot more of that coming down the pike.

The other thing that I know warms my optimism is that the whole consciousness and activist movements are really coming together and sharing the wisdom and the experience of each. Another thing I love is that young people, in particular, are getting their news from different sources and are not getting bogged down by the mainstream distraction. I think that is related to something that I see with people all over, which is that I think we are increasingly questioning the accuracy of the image that we’ve been led to believe about ourselves. We’re really finding each other and those who recognize and believe in and are helping to manifest something different.

A lot of people can feel it, especially those who are engaged in helping to make things happen, and it’s the reason I’m so excited for ThriveTogether because our network is so intelligent. Each country is at a different stage in this evolutionary process so we can really learn from each other and we’ll be informed by the topics that you want us to address and your experience and insights and as well, we’ll be engaged in those that we’ve been studying and are engaged in right now and opening up our real-time research process with you. In addition to the topics that you suggest, we will also be covering more of everything that Foster’s talked about today and the whole changing role of the United States in global affairs. Also, we’ll have people on who disagree, who have different worldviews and perspectives, but we’ll have a forum where we can speak respectfully and intelligently with one another on topics like climate change so that we can really figure out what is going on so that we can be prepared for whatever that is. We are going to be talking about the fact that the United States is actually a corporation and what are the ramifications of that. We’ll be talking about new science and free energy and the other innovations that we’re connected to. We’ll get people in who are really informed about the whole UFO disclosure around the world and what’s going on with that and, also, the whole history and justification for authoritarian rule. How did the government and the cabal get the power that they have and how does the liberty perspective inform our understanding of that. And, also, our solutions. I’m really excited to unpack that one together. It’s the root of all of this that I think we really need to look at and I’m excited to.

The idea is that we’re going to get real-time interaction with you so that together we can develop a roadmap for transformation and really get specific, implementable stages of action and the principles behind them so that we can actually, together, get from where we are to where we need and want to be.

Foster: In addition to this type of sharing, we’re excited and eager for our real-time interactive calls with you and also to be addressing your questions and hearing your insights. Below this video, we’ll put a link to another clip that describes our new ThriveTogether initiative. So, we invite you to join with us in the conversation, connect the dots on current events, and co-create with us the transition to true freedom and prosperity.

To find out more, visit the Thrive website.

Question everything!

I asked one of my sources whether this content of this video was true and he told me it wasn’t.

That being said, I’m sure we all sincerely hope this is true but the first thing that comes to mind is how the “Dragon” family is one of the factions behind this. Dragon = Draconian = Alpha Draconians. What is their agenda?

Secondly, debt forgiveness would have to be included in this proposition because the U.S. dollar is based on the lie of fractional reserve, which creates money out of thin air. Would the Dragon family’s money cover individual OR country debt forgiveness? Or both?

As long as there is money, we’re still economic slaves to a broken system, but like I mentioned in a recent article entitled, ” Karen Hudes: Dollar To Crash And Be Replaced With New, Interest Free, Gold-Backed Currency“, this would also be a step in the right direction until we transition out of money, entirely. This can be done right now through ideas such as Ubuntu and the Venus Project.

One must also ask if this is a distraction for something much larger going on behind the curtain?

Lastly, one must ask if this has anything to do regarding the establishment of a “one world currency” via the “New World Order”?

We’ve been financial slaves to a broken system since the inception of money and the banksters are literally laughing “all the way to the bank”.

As an eternal optimist, “I hope it happens” but similar to long-winded plans of NESARA that keep people believing without any real hope, I won’t hold my breath on it.

One thing that we can be sure of is that we’re not being told the whole truth by our world leaders and by those in any position of power, including the banking cartel and the main stream media.

All we can do is to hope for the best because the current system is broken and unsustainable.

Click here for more articles by Gregg Prescott!

After thousands laid off, workers stormed airline’s headquarters and attacked management

photo attribution: screengrab/youtube
Middle management: the buffer between the haves and have not’s

Income inequality leads to one thing: Violence. Whether that violence is mental or physical it is still violence. Air France, in recent weeks has been rumored to be planning downsizing jobs. Those plans are now out in the open as Air France execs announced today that they would be laying off 2,900 staff. That news did not go so well:

Bosses were unveiling a revamped restructuring plan after pilots rejected an earlier proposal to work longer hours.But the board meeting was cut short when hundreds of striking workers stormed into the airline’s headquarters in Roissy, outside Paris.

A human resources manager and an executive had their shirts torn from their bodies and needed to be escorted out of the work site. The human resources manager had to climb a fence. This is all after months of unrest for the airline company.

Struggling to regain its financial footing after a crippling two-week pilots’ strike last year, Air France-KLM said on Thursday that it would reduce planned investments in new aircraft and services by more than $680 million over the next two years and would accelerate a cost-cutting drive in the face of stiff competition.The moves come as the French-Dutch airline group swung to an operating loss of 129 million euros, or about $147 million, for 2014, in contrast to a profit of €130 million a year earlier.

To contextualize the pilot strike referred to above, that was the result of Air France trying to get its pilots to fly an additional 100 hours a year—for free. And this from February:

Speaking in Paris, Mr. Gagey said no additional staff reductions were planned at Air France this year beyond the 800 announced on Thursday. However, he would not rule out further voluntary departure programs in 2016 or 2017, which he said could eventually include some pilots.

CEOs and middle management—regardless of how the union is being portrayed in most media outlets, the facts are this—if you lie to your workers and then take away their livelihood they may get angry. According to Bloomberg Air France Chairman and CEO Alexandre Begougne de Juniac made only €645,000 ($721,000 US). That’s pigeon food compared to some of our American counterparts.Violence is not the answer but remember this: the British didn’t care about Mahatma Gandhi’s hunger strike for Mahatma Gandhi, they cared about what the rest of the Indians in the country of India would do if anything happened to Mahatma Gandhi.

Watch the news footage below the fold. It’s a lot more intense than a single image could capture.

Gregory Mannarino: Greatest Theft in History Coming ~ Greg Hunter

On the Federal Reserve not raising interest rates in September, financial analyst/trader Gregory Mannarino says, “They should be embarrassed here. They could not raise the Federal Funds rate 25 basis points, or .25%. That was the biggest no confidence vote I have ever heard out of Janet Yellen’s mouth with regards to the U.S. economy and the global economy. I even said it the last time I was on your show. I said whatever the Fed was going to do was going to melt down this market, and that is exactly what happened. I said more than likely they could not raise rates unless they want to burst this bubble here, and we are already seeing it, and we are going to see it accelerate if the Federal Reserve raises rates sometime this year. Then what’s going to happen? Goldman Sachs, Morgan Stanley, JPMorgan, Carl Icahn and myself are going to short this market. This is a set up and what I have been trying to warn people about. You got the mainstream media saying buy the dips. We’ve lost more than 2,000 points since the top, and they have been getting murdered all the way down. Why? This is the biggest scam in the history of the world. They are trying to keep the market liquid. The mainstream financial channels need to keep the little guy in this market so everyone can get themselves in the right position. So, when it tanks, the wealth transfer happens. All the cash the little guy has put into this market is syphoned off legally. This is going to be the greatest theft in the history of the world, and it has been purposely set up by the Federal Reserve. This crash will eclipse them all.”

Join Greg Hunter as he goes One-on-One with Gregory Mannarino of

All links mentioned can be found on…


The Doc from SD Bullion and Silver Doctors and our friend Eric Dubin from News Doctors join us to discuss the latest developments in the global precious metals markets where we see the Perth Mint selling 3.5 million of its one ounce Silver Kangaroo coins in one day. We also discuss the action in for PHYSICAL silver in India which has led Steve St. Angelo to conclude that demand for PHYSICAL silver worldwide will destroy the rigged paper markets once and for all. And once again we hit on the 1980 inflation adjusted all time high for silver which now sits at $601 per ounce. With silver priced at $15 per ounce today, it equates to less than $2/ounce silver in 1980 dollars. Something is very wrong with this picture. Got PHYSICAL?

For REAL News & Information 24/7:

Music: “Complex”
( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again ~ ZeroHedge

Tyler Durden's picture

Once again the corporatocracy wins as the so-called “Trojan horse” Trans-Pacific Partnership (TPP) trade agreement has been finalized. As WSJ reports, the U.S., Japan and 10 countries around the Pacific reached a historic accord Monday to lower trade barriers to goods and services and set commercial rules of the road for two-fifths of the global economy, officials said.

For the U.S., the TPP (reportedly) opens agricultural markets in Japan and Canada, tightens intellectual property rules to benefit drug and technology companies, and establishes a tightknit economic bloc to challenge China’s influence in the region (likely forcing their hand into separate trade agreements).

However, Obama is likely to face a tough fight to get the deal through Congress (especially in light of presidential candidates’ opposition).

The US, Japan and 10 other Pacific Rim economies have reached agreement to strike the largest trade pact seen anywhere in two decades, in what is a huge strategic and political win for US President Barack Obama and Japan’s Shinzo Abe.

As The Wall Street Journal reports,

The deal, if approved by Congress, will mark an effective expansion of the North American Free Trade Agreement launched two decades ago to include Japan, Australia, Chile, Peru and several southeast Asian nations.


The trade deal has been in the works since 2008 but has been stymied by politically sensitive disputes, including a fight between the U.S. and Japan over the automobile industry.


Beyond that, however, it represents the economic backbone of the Obama administration’s strategic “pivot” to Asia and a response to the rise of the US’s chief rival, China, and its growing regional and global influence. It is also a key component of the “third arrow” of economic reforms that Mr Abe has been pursuing in Japan since taking office in 2012.

Biotechs, among others, are the big winners…

In pharmaceuticals and other industries, U.S. officials sought a deal that would be acceptable to other countries and as many members of Congress as possible, without triggering the outright opposition of a major business group. Many Democratic lawmakers and groups backing generic drugs and less expensive medicine didn’t want any more than five years of exclusivity for biologic drugs, and it wasn’t immediately clear if the compromise in the TPP would satisfy their concerns.


One of the last disputes to be resolved pitted Australia against the U.S., which was seeking up to 12 years of protection for biologic drugs against generic imitators. The two countries reached a complicated compromise that provides at least five and potentially up to eight years of exclusivity for biologics. Chile, Peru and other countries remained concerned about adding to the price of drugs through long exclusivity periods, according to people following the talks.


In another last-minute deal, Canada and Japan agreed to increase access to their tightly controlled dairy markets, allowing some American dairy products in, but New Zealand also persuaded the U.S. to accept more of its milk products. The sour milk fight caught the attention of Congress, where Sen. Ron Wyden (D., Ore.) and Rep. Paul Ryan (R., Wis.), two lawmakers overseeing trade policy, demanded that dairy producers in their states gain more access to Canadian consumers, a sensitive concession for Canada during its own election season.


But critics remain vocal…

U.S. labor unions and their allies among consumer and environmental groups are among the biggest critics of the TPP. The left-wing opposition has prevented Mr. Obama from getting many fellow Democrats—already skeptical of the deal’s benefits to U.S. workers—to support his trade policy.


An array of Republican lawmakers object to provisions that would strengthen the influence of labor groups, impinge on the ability of tobacco companies to fight against packaging rules and other laws overseas, and possibly harm local industries, from dairy farmers to sugar.

So it isn’t over yet… (as The FT reports)

The deal announced on Monday by trade ministers from the 12 countries still must be signed formally by the countries’ leaders and ratified by their parliaments. In the US Mr Obama is likely to face a tough fight to get the deal through Congress next year, especially as presidential candidates like Republican frontrunner Donald Trump have argued against the TPP.


Only a handful of Democrats support Mr. Obama’s trade policy, and Republican support is unpredictable in the 2016 election year, depending on the stance of presidential candidates and new leadership in the House. As it is, the deal can’t go to a vote before Congress until early next year.


The odds of passage in Congress will hinge in large part on the final language in a number of provisions, ranging from the strengthening of rights for labor unions to whether U.S. cigarette companies will face special limitations within TPP countries.


“I will carefully scrutinize it to see whether my concerns about rushing into a deal before meeting all U.S. objectives are justified,” Sen. Orrin Hatch (R., Utah), chairman of the Senate Finance Committee, said in a statement Sunday before the deal was completed.


Critics around the world have also lambasted the deal for being negotiated in secret and being biased towards corporations, criticisms that are likely to be amplified when the national legislatures seek to ratify the TPP in the months to come.

*  *  *

Finally, as we detailed previously, the most troubling aspect of the TPP, asserts Ellen Brown, is the Investor-State Dispute Settlement (ISDS) provision, which “first appeared in a bilateral trade agreement in 1959.” Brown continues:

According to The Economist, ISDS gives foreign firms a special right to apply to a secretive tribunal of highly paid corporate lawyers for compensation whenever the government passes a law … that [negatively impacts] corporate profits — such things as discouraging smoking, protecting the environment or preventing nuclear catastrophe.

Imagine a scenario in which the U.S., coming to its senses about climate change, imposes a revenue-neutral carbon fee on fossil energy. According to provisions of the TPP, a fossil-fuel company in a signatory nation could then sue the U.S. for lost profits, real or imagined.

The threat is not idle. In 2012, the U.S.’s Occidental Petroleum received an ISDS settlement of $2.3 billion from the government of Ecuador because of that country’s apparently legal termination of an oil-concession contract. Currently, the Swedish nuclear-power utility Vattenfall is suing the German government for $4.7 billion in compensation, following Germany’s phase-out of nuclear plants in the wake of Japan’s Fukushima disaster.

The ISDS provisions of the TPP are insidious: the means by which signatory nations voluntarily surrender national sovereignty to the authority of corporate tribunals, without appeal, and apparently without exit provisions. No wonder the negotiations are secret.

Packaged as a gift to the American people that will renew industry and make us more competitive, the Trans-Pacific Partnership is a Trojan horse. It’s a coup by multinational corporations who want global subservience to their agenda. Buyer beware. Citizens beware.


Bix Weir-Implosion and Restart of Financial System Coming ~ Greg Hunter

Is inflation or deflation coming? Financial analyst Bix Weir says, “It’s not really inflation or deflation. It is a ceasing of the system. After the system crashes, no one is going to accept a Federal Reserve Note. So, I wouldn’t call it deflation. I would call it a restart. What they call it at the Fed is a ‘creative destruction event.’ Meaning, in order to move on to the next step, you have to destroy all the bad that has built up, and there is a lot of bad. We see the derivatives, and we say oh, that’s bad. There is so much more going on behind the scenes. We’re talking hundreds of trillions, if not quadrillions, of dollars in electronic assets that need to be wiped away, wiped clean completely. Otherwise, where all these assets are concentrated, they will have control over us, and that’s what we need to get rid of. We need to get rid of their control of us. . . . They seem to be making decisions completely off the wall, but truthfully, it is all leading to the same thing. Blow the bubble as big as possible so that it implodes. Then, you will see a fight to get control of the monetary system after the implosion.”

On war, Bix says, “The bad guys right now are trying to start World War III. That is the real dark side of how this thing might end. It will be China and Russia against us, and that is not a good thing.”

Join Greg Hunter as he goes One-on-One with Bix Weir of

All links can be found on…


For the second time in a month, Congress has implemented ‘Martial Law’ as a way of fast tracking unconstitutional spending bills in order to keep the bankrupt US government from collapsing. The use of martial law fast-tracks spending bills by BYPASSING typical procedures – it’s a stop gap measure of overt tyranny from the government of a nation which at this point is best defined as a ‘Banana Republic’.

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Music: “Decisions”
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Music: “I am a Ma”
Chris Zabriskie
Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

The Stock Markets Of The 10 Largest Global Economies Are All Crashing ~ ZeroHedge

Submitted by Michael Snyder via The Economic Collapse blog,

You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news.  But so far the mainstream media in the United States is treating it like it isn’t really a big deal.

Over the last sixty days, we have witnessed the most significant global stock market decline since the fall of 2008, and yet most people still seem to think that this is just a temporary “bump in the road” and that the bull market will soon resume.  Hopefully they are right.

When the Dow Jones Industrial Average plummeted 777 points on September 29th, 2008 everyone freaked out and rightly so.  But a stock market crash doesn’t have to be limited to a single day.  Since the peak of the market earlier this year, the Dow is down almost three times as much as that 777 point crash back in 2008.  Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis.  You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed.  And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world.

Right now, stock market wealth is being wiped out all over the planet, and none of the largest global economies have been exempt from this.  The following is a summary of what we have seen in recent days…

#1 The United States – The Dow Jones Industrial Average is down more than 2000 points since the peak of the market.  Last month we saw stocks decline by more than 500 points on consecutive trading days for the first time ever, and there has not been this much turmoil in U.S. markets since the fall of 2008.


#2 China – The Shanghai Composite Index has plummeted nearly 40 percent since hitting a peak earlier this year.  The Chinese economy is steadily slowing down, and we just learned that China’s manufacturing index has hit a 78 month low.


#3 Japan – The Nikkei has experienced extremely violent moves recently, and it is now down more than 3000 points from the peak that was hit earlier in 2015.  The Japanese economy and the Japanese financial system are both basket cases at this point, and it isn’t going to take much to push Japan into a full-blown financial collapse.


#4 Germany – Almost one-fourth of the value of German stocks has already been wiped out, and this crash threatens to get much worse.  The Volkswagen emissions scandal is making headlines all over the globe, and don’t forget to watch for massive trouble at Germany’s biggest bank.


#5 The United Kingdom – British stocks are down about 16 percent from the peak of the market, and the UK economy is definitely on shaky ground.


#6 France – French stocks have declined nearly 18 percent, and it has become exceedingly apparent that France is on the exact same path that Greece has already gone down.


#7 Brazil – Brazil is the epicenter of the South American financial crisis of 2015.  Stocks in Brazil have plunged more than 12,000 points since the peak, and the nation has already officially entered a new recession.


#8 Italy – Watch Italy.  Italian stocks are already down 15 percent, and look for the Italian economy to make very big headlines in the months ahead.


#9 India – Stocks in India have now dropped close to 4000 points, and analysts are deeply concerned about this major exporting nation as global trade continues to contract.


#10 Russia – Even though the price of oil has crashed, Russia is actually doing better than almost everyone else on this list.  Russian stocks have fallen by about 10 percent so far, and if the price of oil stays this low the Russian financial system will continue to suffer.

Just in the last 2 months…it’s uglier than it has been in 7 years

What we are witnessing now is the continuation of a cycle of financial downturns that has happened every seven years.  The following is a summary of how this cycle has played out over the past 50 years

  • It started in 1966 with a 20 percent stock market crash.
  • Seven years later, the market lost another 45 percent (1973-74).
  • Seven years later was the beginning of the “hard recession” (1980).
  • Seven years later was the Black Monday crash of 1987.
  • Seven years later was the bond market crash of 1994.
  • Seven years later was 9/11 and the 2001 tech bubble collapse.
  • Seven years later was the 2008 global financial collapse.
  • 2015: What’s next?

A lot of people were expecting something “big” to happen on September 14th and were disappointed when nothing happened.

But the truth is that it has never been about looking at any one particular day.  Over the past sixty days we have seen absolutely extraordinary things happen all over the planet, and yet some people are not even paying attention because they did not meet their preconceived notions of how events should play out.

And this is just the beginning.  We haven’t even gotten to the great derivatives crisis that is coming yet.  All of these things are going to take time to fully unfold.

A lot of people that write about “economic collapse” talk about it like it will be some type of “event” that will happen on a day or a week and then we will recover.

Well, that is not what it is going to be like.

You need to be ready to endure a very, very long crisis.  The suffering that is coming to this nation is beyond what most of us could even imagine.

Even now we are seeing early signs of it.  For instance, the mayor of Los Angeles says that the growth of homelessness in his city has gotten so bad that it is now “an emergency”

On Tuesday, Los Angeles officials announced the city’s homelessness problem has become an emergency, and proposed allotting $100 million to help shelter the city’s massive and growing indigent population.


LA Mayor Eric Garcetti also issued a directive on Monday evening for the city to free up $13 million to help house the estimated 26,000 people who are living on the city’s streets.


According to the Los Angeles Homeless Services Authority, the number of encampments and people living in vehicles has increased by 85% over the last two years alone.

And in recent years we have seen poverty absolutely explode all over the nation.  The “bread lines” of the Great Depression have been replaced with EBT cards, and there is a possibility that a government shutdown in October could “suspend or delay food stamp payments”

A government shutdown Oct. 1 could immediately suspend or delay food stamp payments to some of the 46 million Americans who receive the food aid.


The Agriculture Department said Tuesday that it will stop providing benefits at the beginning of October if Congress does not pass legislation to keep government agencies open.


“If Congress does not act to avert a lapse in appropriations, then USDA will not have the funding necessary for SNAP benefits in October and will be forced to stop providing benefits within the first several days of October,” said Catherine Cochran, a spokeswoman for USDA. “Once that occurs, families won’t be able to use these benefits at grocery stores to buy the food their families need.”

In the U.S. alone, there are tens of millions of people that could not survive without the help of the federal government, and more people are falling out of the middle class every single day.

Our economy is already falling apart all around us, and now another great financial crisis has begun.

When will the “nothing is happening” crowd finally wake up?

Hopefully it will be before they are sitting out on the street begging for spare change to feed their family.


Harley Schlanger, historian and national spokesman for LaRouchePAC joins us to discuss current geopolitical events including Putin’s gamesmanship in Syria where he has outmaneuvered Obama and exposed the fraud of the US “war on terror” by actually fighting ISIS, which the Pentagon and Obama does not want.

Incidentally, in March of 2014 while at the Hague in the Netherlands, President Obama warned the world that he is very concerned about the possibility of a nuclear weapon going off in Manhattan – a puzzling and frightening admission from a “leader of the free world”. Given that western governments are very keen on using false flag events to steer public policy and opinion, one wonders what Obama knows. Harley and I discuss.

We also cover the deteriorating global economy, and the fact that the American people had better wake up soon, because once the Dollar collapses under its mountain of debt and broken promises, Harley explains, “People aren’t going to have money soon. If we don’t change the policies we’re going to have a global blowout much much bigger than 2008, probably much bigger than 1929 to 1933 and people will lose everything”.

For REAL News & Information 24/7:

Music: “Complex”
( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 – channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

The Mystery Of The “Missing Inflation” Solved, And Why The US Housing Crisis Is About To Get Much Worse ~ ZeroHedge

Tyler Durden's picture

Over the past few months (not to mention last 7 years), the topic of America’s “missing inflation” has gained major prominence, because while supposedly every other aspect of the economy is humming along (which really just means that record numbers of waiters, bartenders and temp workers are hired and collect minimum wage salaries), CPI remains so low it (together with China to a lesser extent) was used as justification by the Fed to not hike rates for 55th consecutive FOMC meeting, even though 75% of polled economists said, after 9 years of ZIRP, Fed lift off would take place last week.

One problem with the Fed’s measures of inflation, as we have documented in the past, is that they are wrong, if not with malicious intent, then purely due to definitional purposes. Recall our July comparison between CPI and PCE and our warning that “With The Spread Between CPI And PCE Blowing Out The Most Since 2009, Is The Fed Making A Big Mistake” in which we warned that “with a rate hike, as small as [25 bps] the Fed can and will almost certainly start a chain of events that results in the “ghost of 1937″ waking up. We don’t know if, like during the first Great Depression, it leads to a 50% plunge in stocks, but for those long risk here, it hardly makes sense to stick around and find out.”

The Fed did not hike.

But a bigger problem for the the Fed’s measures of how the overall economy is doing (and/or overheating) is that the Fed telling the vast majority of Americans that inflation is negligible, leads to riotous laughter.

The reason for this is a simple, if dramatic, one: the U.S. transformation from a homeownership society, to one of renters.

We hinted at the key features of this unprecedented conversion in June, when we wrote the following:

… by now everyone knows that the artificially suppressed, “hedonically-modified” and seasonally-adjusted inflationary readings is what has permitted the Fed to not only grow its balance sheet to $4.5 trillion but to keep rates at 0% for 8 years. Because “how will the economy recover if there is no broad inflation”, the Keynesian brains in the ivory tower scream, demanding more, more, more easing just to push inflation higher.


There is only one problem with this: it is all a lie – just ask any average American whose cost of living has soared in the past decade.


Still, with reality diverging so massively from the government’s official data, reality just had to be wrong somehow.


Turns out reality was right all along, as revealed by the latest “State of the Nation’s Housing” report released by the Center for Housing Studies at Harvard, which showed that while inflation among most products and services may indeed be roughly as the Fed and BLS represent it, when it comes to rent – that most fundamental of staple costs – things have never been worse.


According to the report, for American renters 2013 marked another year with a record-high number of cost burdened households – those paying more than 30 percent of income for housing. In the United States, 20.7 million renter households (49.0 percent) were cost burdened in 2013.


It gets worse: a whopping 11.2 million, or more than a quarter of all renter households, had “severe cost burdens, paying more than half of income for housing.” The median US renter household earned $32,700 in 2013 and spent $900 per month on housing costs. Renter housing costs are gross rents, which include contract rents and utilities.

At this point we should perhaps remind readers that according to the latest census data, the US homeownership rate tumbled to 63.4%, the lowest reading since the first quarter of 1967: the lowest in 48 years!


Peeking behind the headline number, an even uglier truth is revealed: the only reason the homeownership rate is as “high” as it is, is due to homeowners in the 65 and over age group. For everyone else, homewonership rates are now the lowest in history!

And with housing increasingly unaffordable for most, or mortgage lending standards so stringer the vast majority simply do no qualify, it means that record number of households are forced to chose less capital-burdensome rent as a form of shelter.

And since there is an unprecedented demand for rental units across the US (as the “owning” alternative has become inaccessible), the median asking rent not only soared at an annual rate of over 6%, it has never been higher, with the Census Department recently reporting that the Median US asking just hit an all time high $803.


What is odd is that according to the BLS, rent inflation is far less: at just 3% in the most recent print. One wonders what seasonal adjustments American renters should use to make their monthly paycheck smaller, the way the BLS perceives it.  Still, at 3.6% this is the highest annual rent inflation since 2008.


And herein lies the rub: because it is not so much what the real, honest inflation growth rate of rent is, it is what the offsetting income growth. Unfortunately, while the BLS can seasonally adjust rent payments to make them as low as a bunch of bureaucrats want, the bigger problem is that US household income is not only not keeping up with rent inflation, it is far below it. In fact, as reported last week, real income is now back at 1989 levels!


Which brings us to the latest, just released joint white paper by Harvard’s Center for Housing Studies in conjunction with the Enterprise Resource Center, in which we read that the US rental crisis is about to get far worse. In fact, in an optimistic scenario in which rental inflation rises by 3% annually (it is currently far higher at 3.6%), while annual income growth is rising at a speed 2.0% (it is currently far lower in real terms) the number of severely cost burdened households – those who spend over half of their income on rent – will rise by over 25% over the next decade, from 11.8 million to a record 14.8 million households!

Which means that is using at least somewhat realistic assumptions, the real number of households who spend more than half of their income on rent will likely be in the upper teens if not 20s of millions by 2025.

From the report:

if current trends where rent gains outpace incomes continue, we find that for each 0.25 percentage point gain in rents relative to incomes, the number of severely cost-burdened renters will increase by about 400,000. Under the worst-case scenario of real rent gains of 1 percentage point higher than real income gains per year over the decade, the number of severely cost-burdened renters would reach 14.8 million by 2025, an increase of 25 percent above today’s levels.

More depressing details about the state of the US housing rental market:

At the time of the decennial census in 2000, one in five renters were severely cost burdened, paying more than half of their gross income for rent and utilities (Figure 2). Meanwhile, another 18 percent faced moderate cost burdens, spending between 30 and 50 percent of their income on housing costs, exceeding the widely accepted standard that housing should not command more than 30 percent of a household budget.3 This represented a slight improvement over the shares burdened in 1990 as income gains outpaced growth in rents.

And here is the punchline: “in the years following 2000, gains in typical monthly rental costs exceeded the overall inflation rate, while median income among renters fell further and further behind (Figure 3). As a result, the share of renter households facing severe cost burdens grew dramatically, reaching a new record high of 28 percent in 2011 before edging down to 26.5 percent in 2013. Adding in those with moderate burdens, just under half of all renters were cost burdened in 2013. These rates are substantially higher than a decade ago and roughly twice what they were in 1960.”

Here the white paper confirms what, as a result of the above dynamics clear to everyone but the Fed, we already know.

At the same time that the share of renters facing cost burdens was rising, so too was the share of households opting to rent. Over the last decade, the share of renter households in the United States has increased significantly as homeownership rates have fallen from a high of 69.2 percent in the second quarter of 2004 to 63.4 percent in the second quarter of 2015, the lowest level since 1967. We are now seeing more renters than at any other time in U.S. history.

Furthermore, rent inflation isn’t going anywhere – in fact, it will only get worse: “as of 2013, the median rent of a newly constructed unit of $1,290 was equal to about half the median renter’s monthly household income, underscoring the urgent need for policy makers to consider enhanced levels of support for rental housing particularly for lowest income households but across a range of income levels.”

Even the pinnacle of status quo thought, Harvard itself, is now mocking the ‘recovery’ propaganda:

While reports on the state of the economy have become more optimistic in recent years, the number of renters with severe cost burdens is not expected to slow. Even if trends in incomes and rents turn more favorable, a variety of demographic forces will exert continued upward pressure on the number of rent-burdened households. Rapid growth of the minority population is one key factor, driven by past and predicted high levels of immigration. By 2050, the U.S. is expected to have a majority-minority population, meaning a greater share of the population will be non-white racial and ethnic minorities. The Hispanic population in particular is projected to continue its fast growth, reaching 106 million (or doubling) by 2050.


With that said, racial and ethnic minority households are disproportionately burdened by housing costs, regardless of tenure. According to the Center for Housing Policy’s Housing Landscape 2015, working households that are headed by non-white individuals have a significantly higher rate of severe housing cost burden than white-headed households. According to this analysis, one-quarter of both African-American and Hispanic households were severely housing-cost burdened in 2013, compared to less than 20 percent of white households.

Sorry Europe, the US has its own refugee, pardon immigrant, crisis and it is getting worse by the day.

Finally, tying it all together, here is the reason why the biggest US generation by number of participants – the Millennials, at 82 million strong – and the one generation that was supposed to be the dynamo that pushes the US out of its post-crisis funk is, simply said, crushed.

Millennials are also expected to continue experiencing rent burdens as they age. Having entered the labor market during and following the Great Recession, those in the millennial generation have received lower wages and experienced higher rates of unemployment and underemployment than their older counterparts at this point in their lives. As a result, millennials have less wealth accumulated, have delayed forming new households, and are less likely to become owners at the age that older generations had previously. In combination, we are likely to see additional household formation by millennials over the next decade and expect a relatively higher share to remain renters during that period.

Bottom line: far from confirming the “bullish thesis” that Millennials will eventually move out of their parents basement and buy (or rent) their own housing while starting new households, just the opposite is taking place:

In 2015, 15.1 percent of  25 to 34 year olds were living with their parents, a fourth straight annual increase, according to an analysis of new Census Bureau data by the Population Reference Bureau in Washington. The proportion is the highest since at least 1960, according to demographer Mark Mather, associate vice president with PRB. “The phenomenon of young adults, facing their own financial challenges, forced to squeeze in the homes of their parents. And new data show the trend is getting worse, not better.”

As Bloomberg redundantly adds, “It takes young people longer these days to find jobs with decent wages,” Mather said. “Young adults need to spend more time getting the necessary education and skills before they can become self-sufficient. The recession likely exacerbated this trend.”

The latest Census data show just 3.1 percent of Americans from 25 to 29 relocated in the last year between states, just half the share of 2002. While moves between counties in the same state — less likely to be for jobs — have increased some, they too remain below pre-recession levels, according to PRB’s analysis.

For some like Goldman, there is hope: “There is a silver lining to the trend. Presumably, all the adult children will one day leave their parents’ basements, and that household formation will prove to be a huge boost to a subpar housing recovery. There is already evidence this is occurring to some degree.”

Actually, no. And as the Harvard report suggests, Millennials are not only not leaving their “parents basements”, but even if they were, their financial situation would be even worse! At least for the time being, their parents cover the rental costs. Should tens of millions of millennials suddenly see their “disposable” income be crushed once the real world presents itself, that will be the end of the upswing in US consumer spending.

In conclusion, nowhere is the mystery of the “missing” inflation more obvious than in the following interactive map showing that in virtually all major seaboard metro areas, including the major cities in California, New York, and Florida, the number of households with a cost burden is 50% or higher.



All of this could have been avoided if only the Fed has observed the “missing” and soaring rental inflation that was right in front of its nose all the time, and which it did everything in its power to ignore just so the 1% can keep their ZIRP (and soon NIRP)and QE, and become even wealthier on the back of the middle class and the 80 million of 25-34 year old Americans who have found out the hard way that not only is the American Dream of owning a home officially dead, it has been replaced with the American nightmare of completely unffordable renting.


Soros, Icahn And Major New Players Rushing Into Gold: “Things Are In The Works As We Speak” ~ ZeroHedge

Tyler Durden's picture

Submitted by Mac Slavo via,

The price of gold and silver is set to explode according to one of the most well known CEO’s in the precious metals mining space.

Keith Neumeyer, the CEO of one of the world’s lowest-cost primary silver producers, says that the negative headlines surrounding history’s most trusted monetary instruments will soon give way and the smart money, including the likes of George Soros and Carl Icahn, is taking massive positions ahead of the breakout.

Neumeyer, who has created two billion-dollar companies and recently founded the mineral bank investment firm First Mining Finance, argues that the fundamentals are simply too great to ignore.

It’s really what you pay for stuff that creates value. If you’re buying stuff at the top of the market you’re destroying value. You never really know when the exact top of the market is and you never really know when the bottom of the market is. But, I know we’re around the bottom or are close to the bottom… But I don’t really care because I’m a long-term fundamental investor and I know that we can make a lot of money buying assets at these prices that we’re paying today.

I do believe that markets ultimately prevail. I do believe that supply and demand will ultimately prevail. I’m confident that we will see that occur…

The fact there are some very substantial new players coming into the sector and taking positions in gold and silver… I think that’s showing that things will change and I think things are in the works as we speak.

Neumeyer recently sent an open letter to the Commodity Futures Trading Commission slamming the rampant manipulation of precious metals paper markets, going so far as to call on global producers to withhold silver deliveries in an effort to bring balance to markets.

As he notes in his interview, that prices of silver are currently trading at around $15 per ounce is counter-intuitive given that demand today is significantly more than it was at the height of silver’s rise to nearly $50 in recent years. Moreover, the price at which mining companies are able to acquire precious metals assets in the ground has collapsed significantly from just a few years ago:

Generally speaking the average price that a mining company would pay for gold ounces that are drilled in the ground is about $50 an ounce. That number did go over $100 and there were some transactions that went through in the 2011 time frame that were much higher.

But I am just using generally speaking over the last thirty years… $50 is the normal one that we use as mining companies in the industry… so if we’re buying ounces today at $10 an ounce… and it’s actually lower that that… we’re paying $7 to $9 an ounce… that’s five times less than a normal market.

The silver market is extremely tight. Unfortunately you don’t see it in the price.

When silver was $45-$50 per ounce the demand was a little bit less than it is today. That’s a surprising statement. The demand today at $15 silver is greater than it was at that $45-$50 silver.

It goes to my earlier point about headline news and the hate on the mining sector, the hate on resources, the hate on metals… That’s what is causing prices to be where they are today.

I do believe that the street will wise up to that supply and demand fundamentals story and see that silver is actually a strategic metal.

The question, of course, is when? When will prices of silver and gold finally respond to widespread global demand?

While we can’t time the markets, if we take Neumeyer’s advice it doesn’t really matter. The long-term fundamentals are strong and the manipulation is clearly evident.

I think the supply/demand fundamentals for silver are the best of any metal. Of course gold is interesting because of the money printing that’s going on by governments. That’s why I am very much focused with First Mining on buying gold assets.

I think gold is going to start moving in the next six to eighteen months and I think gold will be driving the rest of the metals much higher.

I do believe that silver will outperform gold. The ratio currently is 75-to-1. I wouldn’t be at all surprised to see the ratio go down to 20-to-1.

…It’s not that inconceivable and that’s going to put silver in triple-digit categories.

The reality is that silver paper markets trade about one billion ounces daily. The entire yearly production of silver is about 800 million ounces. At some point that disconnect will be revealed for the sham it really is.

When that day comes we can expect gold and silver to rise precipitously as mainstream financial pundits look on with bewilderment.

WARNING: Alt Energy Insider — The Elite Are In A PANIC


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James Turk: Money Bubble About to Pop ~ Greg Hunter

Gold expert James Turk thinks the biggest bubble of all is long past its expiration date. Turk thinks this bubble will end like all bubbles. Turk predicts, “This money bubble is going to pop. It has to because there is just too much debt in the world. That debt has to be reconciled and, ultimately, when you are reconciling debt, it gets back to the point about collateral on the balance sheets. There is just not enough good collateral to support all of this paper money circulating out there.”

Turk also says there is way too many paper promises for the actual physical gold that can be delivered. So, in the future, Turk says, “I see a lot of these promises to deliver gold being broken and, ultimately, the only way you are going to see this being resolved is with a much higher gold price.” How high? Turk estimates, “You’ve got to be looking back to the all-time highs of $1,900 or $2,000 per ounce. We are eventually going to take those out. It’s just a question of when we do it. It’s obvious it is going to happen because gold has been money for 5,000 years and, ultimately, people will come back to gold when they realize that all these promises of bankers and central bankers really cannot be fulfilled. So, it is just a question of when that reconciliation comes. In March of 1968, the dam broke and the gold price was released and the gold price climbed for another 12 years. When the gold price finally gets released this time around, it’s going to climb for many, many more years. It’s hard to say how high it can go, but relative to the amount of paper that’s out there . . . a price several times higher than what we have today seems very, very reasonable in the long run.”

Join Greg Hunter as he interviews James Turk of

All links can be found on in the “After the Interview” section of this post.…


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