From Gold's relatively imminent rise to $5,000 and beyond, to investor ignorance of reality, Casey & Schiff swing from discussions of the US as political entity going forward to 'escape from America' plans for personal and wealth assets, and the realization that the biggest casualty (of US indebtedness), aside from individual liberty, is the value of the dollar - as taxing the middle class is unpopular with both parties - leaving only one route for the government - the inflation tax. Owning gold, silver, and foreign assets is preferred and while the rest of the world is also printing, the US is likely to beat them all.
People "are clueless with respect to the true state of the global economy," with regard to inflation, fiat currencies, and specifically what will happen to the dollar. The conversation is wide-ranging and absolutely must-see as they remind market-watchers that "the whole thing is artificial," as you can't just keep printing money and monetizing debt without the dollar imploding with monetary policy descending (along with its trillion dollar coin) into 'Three Stooges' comedy.
The conversation weaves to some endgame discussions which bring Peter to discuss his father, who he sees as a political prisoner, and his views on the future...
"the biggest change that is coming to the global economy is a realignment of global living standards."
When the deer "escaped" right before it was schedule to be killed -- and yes, I think the couple probably set it free rather than have it killed -- the man and woman ... (more)
Could a Military Coup Happen in the United States?
posted 01/31/2013, 4:43 AM (Jacob G. Hornberger) [Category: Commentary] Uh, oh! The Egyptian people might well be learning a lesson about standing armies that America's Founding Fathers tried to impart to the American people. Egypt's standing army, which has long been built up and fortified by U.S. foreign aid, is sending a not-so-subtle message to Egyptians that if the civilian authorities are unable to bring the current crisis in Egypt under control, the military might have to step in to establish "order and stability." Defense Minister Abdel Fattah El Sissi state... (more)
“Police came up empty-handed in a search for evidence about threatening Internet posts but only after damaging the house, handcuffing the woman and her granddaughter and seizing their computers, according to the lawsuit filed ... (more)
Instead of earning himself a simple trip to the principal’s office, a terrified 7-year-old boy was hauled out of class, handcuffed like a hardened criminal and “interrogated” by police for a grueling 10 hours — all over a playground dispute involving $5, his family is charging.
“My son was crying, ‘Mommy, it wasn’t me! Mommy, it wasn’t me!’ I never imagined the cops could do that to a ch... (more)
Are You a Sociopath? If So, You'd Be A Successful Prosecutor
posted 01/31/2013, 4:42 AM (Will Grigg) [Category: Commentary] For several years, the federal government sought to confiscate the family-owned Motel Caswell inTewksbury,Massachusetts. The owner, Russ Caswell, had cooperated with police investigations of suspected narcotics activity. He was never charged with a crime. Yet a DEA official filed paperwork to steal the property through asset forfeiture because of drug offenses that took place without the owner’s knowledge.
Yes, Your Sheriff Will Take Your Guns
posted 01/31/2013, 4:42 AM (Will Grigg) [Category: Commentary] The January 29th Idaho Press-Tribune published side-by-side op-ed columns by Canyon County Sheriff Kieran Donahue and Ada County Sheriff Gary Raney on the subject of proposed civilian disarmament measures. Sheriff Donahue condemns Barrack Obama’s civilian disarmament as “political posturing,” while professing his confidence that “Congress would not be so foolish as to let anyone strip us of our Second Amendment rights.”
According to Donahue, “Law-abiding citizens have every right... (more)
While thousands of Seattle residents lined up for hours to trade their handguns, rifles and family heirlooms away in exchange for up to $200 in gift cards as part of the city’s latest gun buyback program, gun collectors who have seen prices for assault rifles and firearms accessories almost triple since November took advantage of a huge opportunity.
US Ends 2012 With 103.8% Debt To GDP
posted 01/31/2013, 4:40 AM (Zero Hedge) [Category: Economy] Previously, when calculating debt/GDP metrics for the US, we naturally assumed some GDP growth in Q4. Following today's GDP data we now know what Q4 GDP is. We also know that, at least on a preliminary basis, it posted a decline on an annualized basis. This means that we now have an official print for US Debt/GDP as of December 31, 2012. The numerator, or debt: $16.432 trillion, or the debt ceiling, which as we know was breached on the same day, and which has yet to be formally raised. The denom... (more)
Late evening Friday, January 25, U.S. Sentencing Commission website was hacked and government files distributed by Anonymous in what the group calls "Operation Last Resort" in response to the recent, tragic suicide of hacktivist Aaron Swartz.
"A lot has changed in the last 60 years ... fluoride is not the be-all and end-all to prevent tooth decay," said Mayor Eddie Francis, who voted with the majority.
The motion to end fluoridation passed 8-3.
CBS and CNET Protest Looming BitTorrent Client Ban
posted 01/31/2013, 4:39 AM (TorrentFreak) [Category: Big Brother/Orwellian] CBS and CNET have asked a Californian federal court not to grant a ban on the distribution of file-sharing software through Download.com. They responded to a request for a preliminary injunction from a coalition of artists and billionaire Alki David who claim that CBS induces piracy. According to the media conglomerate this is not the case, and CBS argues that there are many non-infringing uses for BitTorrent.