Tag Archives: fake news

Chris Martenson: The Mother Of All Bubbles

The Daily Coin sat down with Chris Martenson to discuss the hijacking of the system by the wealthy insider elites and the banks:

The system is rigged against each of us. If you are not a member of the “big club” then you, like myself, have to live with the fact that we are nothing more than an ATM for the uber wealthy. We supply all their toys, entertainment and wealth. The sad part is, we do it willingly.

Here’s how bad it is. You wanna know how bad this is? They don’t even care about optics any more. JP Morgan yesterday announced for the last four years they have only experienced two days of trading loses. There’s about 200 trading days a year. So, out of 800 days only 2 days were loses, but 2016 that number was zero. No day loses and their average take, “from trading the markets” was $80 MILLION a day. Chris Martenson, The Daily Coin

On Thursday March 2 silver was monkey-hammered to the tune of more than a 4% drop in under an hour. There was more than $2 BILLION of digital contracts dropped on the “market” during this time to achieve this massive drop. Gold was, to a degree, spared and only suffered about a 2% drop. Silver was the focus of the bullion banking cartel.

Here’s the thing. These criminal banksters do NOTHING to produce wealth. Their job is stealing. If you or I were to commit a crime, like market rigging, we would be in federal prison on several felony charges, including conspiracy, and would be treated like the criminal we are. The banksters, on the other hand, are treated like royalty for committing the same crime on a global scale. Their crimes should actually be considered crimes against humanity as these crimes impact millions upon millions of people.

The Deep State’s Message: Prepare For Totalitarianism

I find the current political situation to be as bad as I thought it would be when I forecasted it about ten years ago. The worst is yet to come. The corruption in the system is becoming much more apparent. The extreme biases in the mainstream media in favor of their particular owner’s faction is fairly obvious…The moneyed class turned the law and the thought leaders framing to their own benefit, and would now do anything they can to keep their ill-gotten gains. – “Jesse,” from Jesse’s Cafe Americain

Were you aware that the Government is starting to implement eye-scanners as part of the airport security protocol?  If you doubt that, then read this:  U.S. Marshals Scanned My Retina.   The TSA circus is all for show. It’s a way for the Government to get us used to following its orders and a way for the manufacturers of the technology used to make billions from selling that technology to the Government.   It also is an excuse for the Government to create employment for those who lack the competency to find a job in the private sector.

Ben Franklin said, to paraphrase, those who are willing to give up some freedom in exchange for security will end up with neither.  That’s where we are today, America.  The Patriot Act was written well over a year before 9/11.   The blueprint for the Department of Homeland Security was crafted in the mid-1990’s, during Clinton’s presidency.

It’s all stunningly Orwellian.  Even the terms used to describe newly created Government functions are right out of “Animal Farm” and “1984.”  The totalitarian control, confiscation of wealth by those in a position to confiscate and the use of technology to invade and regulate our private lives was prophesied by Orwell, Ayn Rand (“Atlas Shrugged”) and Aldous Huxley (“Brave New World”).    The technology that we take for granted as making our lives better is being used to remove our rights and freedoms.

Ironically, it all starts with the control of  the monetary system.  Those who control a nation’s currency need not be concerned about who or what makes the laws (Mayer Rothschild).   A few unelected “officials” control the United States’ creation of currency, which is then used as a tool to confiscate wealth – at first slowly and soon it will happen all at once.

In today’s episode of the Shadow of Truth, we discuss the Orwellian fog that is enveloping the nation and connect the political control our lives to the control of interest rates and gold:

Alan Greenspan Endorses The Gold Standard

In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated:

Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government’s promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

Greenspan of course went to become the front-man for the interminably corrupted Central Bank system, which is utilized as a wealth-confiscation and control mechanism for the elitists who control western Governments (Mayer Rotschild: “let me issue and control a nation’s currency and I care not who writes the laws”).

Interestingly, Greenspan is spending his final years coming clean about fiat currencies and the fractional banking system, as reviewed here in The Daily Coin:  LINK.   Most recently, in an interview with the World Gold Council’s “Gold Investor” publication, Greenspan fully endorses a return to the gold standard:

If the gold standard were in place today we would not have reached the situation in which we now find ourselves. We cannot afford to spend on infrastructure in the way that we should. The US sorely needs it, and it would pay for itself eventually in the form of a better economic environment (infrastructure)  LINK

We can only speculate the reasons why Greenspan has gone full circle back to his views expressed in his 1966 seminal essay about gold and is “coming clean” about economic systems based on fiat currencies rather than a gold standard.  But the fact that the former fiat money “Maestro” is now advocating the gold standard reinforces its validity.

In today’s episode of the Shadow of Truth,  we discuss the effort underway to discredit gold by the mainstream media using misinformation, disinformation and outright lies in the context of Greenspan’s stunning admissions:

Click on either image to learn more:

Fake Economic News + Overvalued Stocks = Recipe For Market Disaster

Think you know what will happen this year?  What would you have said to me on January 1st last year if I told you:  ” the S&P 500 would hit several new all-time years this year and Donald Trump will be elected President?”

Craig “Turd Ferguson” Hemke invited me on to his “A2A” webinar with his subscribers last week.  We had a spirited and (I think) entertaining discussion about abundance of fake economic news that permeates the financial media, the true state of the U.S. economy and the growing risks to the stock market.  And of course we chatted about precious metals an mining stocks.

And of course his subscribers had some interesting and thought-provoking questions. You can listen to our conversation here:  A2A with Dave Kranzler and you can access Turd’s webite here:  TFMetals Report.

Trump Fiddles While The United States Burns

If history is any guide, global changes of this magnitude mean that the entrenched systems run by central banks and Deep State politics are set to be destabilized on a level we may have not witnessed in our lifetimes, which means assets like bitcoin, gold, and silver could become the safe havens of choice for investors.  – Mac Slavo, SHTFplan.com

Mac’s comment above was in response to the news that First Majestic CEO, Keith Neumeyer, is prepared to join the legal battle being waged against the world’s largest banks for manipulating the gold and silver markets.   Good luck with that.

But even if the plaintiffs make some headway against the banks, this fight will take years to wage and it will likely do little more than provide some temporary relief from the financial market’s equivalent of pancreas cancer.

While the precious metals community engaged in a celebratory end-zone dance when Deutsche Bank admitted to malfeasance in its paper silver trading business, the insolvent bank coughed up a fine that was mere pittance of the billions it made over the years rigging the LBMA.

To make matters worse, JP Morgan was mentioned nowhere in Deutsche’s testimony.   JP Morgan has by far the largest silver vault on the Comex, with an alleged 82 million ozs in its custody.  The next largest is Brinks with 25 million.  I say “alleged” because it’s quite doubtful that a large portion of JPM’s reported holdings exists anywhere other than as an entry on its daily vault report.  Ask Germany about that…

JPM also happens to be the largest market maker in Comex silver futures, it’s part of the bank cartel that fixes the price of silver on the LBMA everyday and it’s the vault custodian of the alleged silver that is supposed to belong to the SLV trust.   Does it make sense that JP Morgan went unnamed in the Deutsche Bank confessional?   If that happens to pass your smell test then we would suggest that you blow your nose thoroughly and take another sniff.

With regard to the manipulation of precious metals, if you want to kill a snake, you have to cut off its head. Similarly, if you want to end precious metals manipulation, you need to destroy the BIS.  The directive and authority to manipulate the metals comes from the mother of all Central Banks.  JP Morgan is the BIS’ chief agent in executing the directive. Deutsche Bank was given explicit instructions to omit all references to JP Morgan from its superficial mea culpa.

Mac is correct in his assertion that systems run by Central Banks are becoming destabilized.  And he is correct in his implied assertion that this will lead to much higher precious metals prices.  Bitcoin?  Who knows?  Bitcoin is a de facto digital currency and thus yet another fictitious form of money with a computer system as its counterparty.

The problem is that as the destabilization process unfolds, the Establishment will fight back hard in an effort to maintain control.   This blow-back will be in the form of a further advancement toward Governmental totalitarianism. With the geopolitical and economic wheels beginning to fly off rails, at this point it’s fait accompli.    In today’s episode of the Shadow of Truth, we discuss the general systemic decay of the U.S. and Trump’s role as the modern day Nero:

Fake News Alert: Existing Home Sales Report

I’m going to have to throw a flag on the existing home sales report for November published today by the National Association of Realtors.    The NAR would have us believe that home sales occurred in November at 5.6mm annualized rate for the month, up 15.4% from November 2015 and up .7% from October.   I will point out that, of course, the orignal report for October was revised lower.  But who pays attention to those details?

Take a look at this graphic sourced from Zerohedge which shows existing home sales plotted vs mortgage applications back to 2013:

I hate to be cynical, or accuse anyone of presenting “fake news,” but the mortgage application data completely contradicts the NAR’s “seasonally adjusted, annualized rate” interpretation of the data it collected. Existing home sales are based on closings (escrow clears), which means the sales report for November is based on contracts signed primarily from October and some in late Sept/early November. But mortgage applications began dropping off a cliff in late August. Clearly the NAR’s seasonal adjustment interpretation of the data is highly suspect.

Looking at the data itself  – LINK – you’ll note that the NAR’s data sampling shows that home sales dropped 6.7% from October.  Yet, it’s “seasonal adjustments” suggest that home sales increased from October to November, despite a massive plunge in mortgage applications during the period in which contracts would have been signed for November closings.

I’ve emailed the NAR several times over the years to have them explain their seasonal adjustments calculus.  Every time I am politely declined.  I will note that they use the same regression analysis model used by the Census Bureau.

The annual rate for a particular month represents what the total number of sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonal adjustments, which are determined by using the X-12 Variant created by the Census Bureau, are then used to factor out seasonal variances in resale activity.

They do at least disclose that, although, if anything, that fact detracts from the credibility of their calculations.  Of course, if I were looking for credibility, I would not advertise that I use the statistical guesstimate package created by the Government…

I would suggest that a year from now, anyone who looks back at the data produced today by the NAR will discover that the number was revised lower by a significant amount.  But who looks at revisions?  The Government and industry promotion organizations know this.  It doesn’t matter how far off the rails their initial “seasonally adjusted” data strays, as long as they revise them at some point in the future, when no one is looking, it gives them plausible deniability if they are ever held accountable.

In the next issue of the Short Seller’s Journal, I’m going to present a comprehensive analysis on the housing market and the damage already inflicted on it from a 1% rise in mortgage rates.  Despite the fact that S&P and Dow have been pushing all-time highs almost on a daily basis, the DJ Home Construction index is down over 11% from its July 52-week high.  I will show why in this next issue.  You can access more information and subscribe to the SSJ using this link:  Short Seller’s Journal.

 

No Really, The Russians Hacked Us

Hillary and her supporters have vehemently asserted that “seventeen intelligence agencies” agree with the assessment that Russia hacked the election. It might be greater news to the American people to hear that there actually are seventeen such agencies out there. Perhaps Mrs. Clinton or Mr. Obama might explain exactly what they are beyond the CIA, the FBI, the DIA, the NSA, and DHS. Personally, I feel less secure knowing that there are so many additional surveillance services sifting through everybody’s digital debris trail.  – James Kunstler, “Deep State Blues

The public voted with its wallet and truthseeking data reveals that in any election in which the growth in average household real disposable income is less than 3.1%, the incumbent party loses the White House.  The study goes back to the 1932 election.  Real disposable income growth was well below 3.1% in 2016 and the Democrats lost the White House.  It’s really as simple as that, for the most part.

In addition, enough of the voting public determined that, with the help of the Wikileak emails, Hillary Clinton could not be trusted.  In fact, the Wikileak oeuvre revealed that the entire Democratic Party was indefatigably corrupt.  At the root of this corruption is the Clinton Foundation.  But beyond that it was discovered that, among other atrocities, the DNC conspired to rig the Democratic Primary against Bernie Sanders and the current DNC Chairman, Donna Brazile, slipped debate questions to Hillary ahead of the debates.

The reaction to this by the mainstream media, largely conduits of pro-Clinton propaganda, the DNC and Hillary is to blame the Wikileak truth revelations on the Russians.  As a result, the generic fake news meme regarding the election results has turned into “the Russians hacked us.”

All this mind you in an utterly complete void of proof.  Where’s the proof?  None of Hillary’s supposed intelligence agencies can produce one shred of evidence that points to Russian email hacking.   Show us the money.  Please.   Lost in this entire Orwellian fog of lies is the bare truth, for all to see.  If the Wikileak emails revealed that the Democratic Party – led by Hillary Clinton – is profoundly corrupt to the core, what difference does it make from where the source of truth, the source of holy light, appeared?   

The truth is the enemy now.  Rather than fearing Russia, the public should be looking for reasons to not live in fear of the U.S. Government.

The same Orwellian fog has enveloped the gold and silver markets, especially as the facts apply to the massive demand for gold in the eastern hemisphere.  Mainstream western financial media has become flooded with highly misleading and outright fraudulent news stories about the precious metals markets.  In this latest episode of the Shadow of Truth, we dissect through we pull away the wizard’s curtain to shed light on the facts:

Who Is Buying China’s Dumped Treasuries?

According to the latest Treasury International Capital report (for October), China unloaded nearly $42 billion in Treasuries in October. In the last 12 months, China has unloaded nearly $150 billion in Treasuries, equivalent to more than one month’s worth of new Treasury issuance by the U.S. Government.

The Zerohedge/mainstream financial media narrative is that China is selling Treasuries to defend the yuan. They hold reserves other than dollars. Why not sell those? They are trying to unload their Treasuries w/out completely trashing the market. Imagine what would happen to the bond market if China announced a bid wanted in comp for $1.1 trillion in Treasuries. They are working with Russia to remove the dollar’s reserve status and the U.S. doesn’t like it which is why there is an escalating level of military aggression toward Russia and China by the U.S.

Too be sure, China’s Treasury selling has contributed heavily to surprising spike up in long term Treasury yields.  But who is buying what China is selling?  Japan has been unloading Treasuries every month since July.  On a net basis, foreigners unloaded $116 billion Treasuries in October.  A colleague in the pension industry told me today that pensions are not buying Treasuries because the yield is too low.

Phil and John (Not F) Kennedy invited me on to their engaging and entertaining podcast show to discuss the chaos that has enveloped the global financial markets including the Fed rate hike, the manipulated take-down of gold and silver and the deleterious effects from the spike up in interest rates.

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Fake News, Propaganda And False Flags

The Fake News conspiracy is starting to lose steam.  It’s time to bury it completely. But this won’t happen because the “Fake News” narrative is another propaganda tool that is being used to distract the public’s attention from a collapsing economy and political system.

Paul Craig Roberts sent around an article that cites a former top NSA official who states explicitly that the NSA would have evidence of Russian influence on the election.  Apparently it has none:

If the idiots in the intelligence community expect us to believe them after all the crap they have told us (like WMD’s in Iraq and “no we don’t collect data on millions or hundreds of millions of Americans”) then they need to give clear proof of what they say. So far, they have failed to prove anything.

Which suggests they don’t have proof and just want to war monger the US public into a second cold war with the Russians.

After all, there’s lots and lots of money in that for the military-industrial-intelligence-governmental complex of incestuous relationships

This article is a must-read:   No Evidence Russia Hacked The Election.

The Russian/Fake News narrative is designed to foment Cold War 2.0 with Russia.  Russia and China are working – understandably – to remove the dollar as the world’s sole reserve currency.   The only means by which the U.S. can try to stop this is military.   It’s beginning to escalate into a dangerous game.  Trump seems to be perpetuating it by rhetorically fanning the flames with China in the South China Sea.

When an Empire is collapsing, history tells us that the Government foments “patriotism” through the heavy application of propaganda that is used to support rampant imperialism.  This is where the U.S. is right now.

Of course, Trump’s motive for enabling the Fake News narrative to perpetuate is to distract attention from his cabinet appointments, which have a decided Big Oil and Big Bank flavor to them.  So much for draining the Swamp.

This chart from William Banzai is priceless:

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Guest Post: Here’s Why The Banksters Are In Trouble

If the Fed were to reverse the portion of its QE in which it injected trillions onto big bank balance sheets as well as fomented a mortgage/housing bubble, the Too Big To Fails – including Goldman Sachs – would collapse.  Make no mistake, it would ultimately prove to be a good thing.

However, there’s also a growing groundswell of grassroot Americans who have “woken up.”  Perhaps the only good attribute of the last election is that it hastened the rate of enlightenment.   Too be sure, the number of Americans who understand the difference between Truth and Propaganda has vastly increased.

A reader of this blog and subscriber to the Mining Stock and Short Seller Journals submitted this narrative of a recent “enlightenment” experience that occurred while on a routine visit to the local barber shop.  It’s worth perusing:

I’m almost speechless as a result of the experience I just had. I have just returned from getting a haircut at the local barbershop downtown. I was there along with the barber, a semi-retired gentleman who now drives a school bus part-time, and a local hay farmer. Our conversation was an absolute stunner, and provides very compelling (albeit admittedly anecdotal) evidence that the bankster elite are in BIG trouble.

Why?

Well, first of all, the barber (in his late 30s) was explaining for all of us how the big banks are in MAJOR trouble on account of (and I am quoting verbatim) “the trillions of dollars of complex derivatives they are holding that are going to implode as a result of the rapid rise in US treasury bond yields.”

The bus driver then explained to everyone how he is no longer keeping any more money in his checking account than he needs to cover outstanding checks; that otherwise he holds all of his money in cash at home. Why? Because he is afraid that, at some point in the very near future, “we’ll all wake up on a Monday morning to discover that a bank holiday has been declared, and none of us will be able to access our funds.”

Finally, the hay farmer told us all how, as a result of having an excellent harvest this year, he had opted to pay off, two years early, the loan on his new tractor. He explained how he had received a call from the bank holding the loan, and the loan officer had attempted to convince him to NOT pay off the loan yet, and even offered to refund twelve months of interest payments if he would simply carry the loan to full term. The farmer adamantly refused. His response to the bank officer? “I understand perfectly well why you want to keep this loan on your books for two more years: you are using my loan as collateral to borrow short and lend long to the tune of at least ten times my original loan balance, and if I pay off my loan early, my debt and your collateral will be extinguished at the same time, and you’ll have to come up with more collateral to back up loans you never should have made in the first place.”

I was stunned!

“… borrow short and lend long … if I pay off my loan early, my debt and your collateral will be extinguished … loans you never should have made in the first place.” WOW!

I sat there absolutely amazed at the relatively high level of understanding manifest by these “salt of the earth” types — and I realized the extent to which the global elite have grossly underestimated the common folk of this world. I am, at this moment, as hopeful for the future of America as I have been in many years.

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