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War Under Heaven: The World At Commerce Update 09/14/2011


     The financial news thesae days is a lot of history being repeated. European countries are going the way of the nations in Africa and South America, before them. The objective of  Commerce is always conquest. The driving force behind commerce is the fatal flaw in human nature that brings people ro depend on government to rob their neighbors, for their material gain. We now live in a world of organized looting.

Read the rest of this entry »


Federal Reserve: Too Big To Fail? Update 09/13/2011


   With all of the global financial instability in the news, this week, everyone would just like to sit back and take a deep breath. The one fact that we must all understand is that it is imperative that we get independent of fiat currencies. I hear people say all the time, “It’s all we’ve got”. If we are so enslaved by the corporate oligarchy that we can’t see outside the blinders of our education and cultural indoctrination, then we are slaves. The trap that Baron Rothschild and his sons built, is very well sprung. The currency is the lock on the prison we are confined in. Is there an escape?

Read the rest of this entry »


Fiat Addiction Update 08/09/2011


     With the statement from Alan Greenspan, former chairman of the Federal Reserve, the gloves have dropped.

http://www.blacklistednews.com/Greenspan_says_we_can_fix_debt_problems_by_printing_money_to_the_point_of_hyperinflation/15119/0/38/38/Y/M.html

     As the current phase of the currency collapse progresses, wiping out trillions in equity, the stated purpose comes out in the open. The intent to print paper currency to the point of hyperinflation is proof the The Wealth Transfer Machine is going into high gear.  There is no sugar coating or whitewashing going on with this statement. Nations and entire continents are being thrown to the central bank wolves.

     Fiat paper currencies are dead things, producing death in the form of debt. The disease is hyperinflation.  The symptoms are panic buying, erratic commodity market performance, and shortages of necessities.  On the first day that the banks don’t open, the ATMs and cash registers don’t work, delivery systems will halt. The resulting confusion will manifest in the form of civil disruption ranging from passionate  and ineffective rhetoric in legislatures, to openly violent mayhem in the streets. Not  to worry, for the Plunge Protection Racket rides a white horse to the rescue. I tell you now, that the nations of the Earth will see the pale horse carrying Death, before this crisis runs it’s course.

      In all of this madness, we are seeing the final stages of drug addiction and substance abuse. People addicted to endless supplies of paper currency are finding that the upside of financial stimulus is always followed by the withdrawal symptoms in deprivation and systemic system failures. The economic seizures, chills and fever  of equity bubbles bursting won’t be just numbers on paper. Just as in 2007, we will see jobs and lives that will never return to stability. As I have warned in the past, the days are coming in which we won’t know anyone, who knows anyone, that has a traditional job. The only remaining question is about how many of our formerly affluent neighbors we will see living outdoors, with us.

In seeking to understand public behavior of people in political interaction in the United States, we must understand the influence of addiction. In this case it is the addiction to the Federal Reserve Note. In all financial news stories, we should replace the words “money”, “dollars” and “funds” with the word, “cocaine”. We would then have a much better understanding of the influences in public policy. The sad fact of life is that people vote for the candidate that promises them the most candy. Silly children.

                                                      “Fiat Addiction” 


It is a most perplexing observation that most people seem to want to be imposed upon by force. When people are overrun by military action, the motivations are understandable. Living to live another day is a victory, in itself. It is when they have other options available, and still choose tyranny, that are puzzling. With the motives and objectives of private banking cartels clearly stated in history, it is difficult to understand why people would choose to participate in injurious activity. The affinity for fiat currency is a debilitating addiction. The process begins somewhere before coercive influence gets a foothold. Even without external pressure, people jump into bad choices before fiat currency dominates an economy. That, and the way that nations succumb to totalitarian impositions betrays a basic flaw in human nature. Whether that flaw arises out of fatigue or complacency, there is no clear pattern, but the text shows one clear pattern. People can tolerate slavery for only a short period of time. At some point, something gives way in the human heart and a turn away from government edict occurs, and the public motivation focuses on self-determination.


The fact remains that otherwise independent and functional people remain in compliance with the organizations and commercial activities that severely restrict their independence. Whether it be peer pressure or the promise of financial gain, the result is the same. The of private financial agendas in managing public money produce war and poverty. The repeated pattern is described by eyewitness accounts detail this process as a madness that quietly overtakes people and carries them into a world that the private banks dominate. The results of the events produce feelings of loss, resignation and helplessness. The common thread th is the disturbing fact is that the further a nation gets away from honest weights and measures, the further the nation strays into fiat currency andit’s revenue collecting ideas, the stronger the addiction to fiat currency. Eventually we see the result of this dark activity. The defense of illegitimate authority becomes pernicious and threatening to the structure of society.


At what point does a people disconnect from their history and embrace the same institutional mechanism that they emigrated away from? I ask this question, in this form, because if any nation knew better, it was America. Not only do we have experience with the only form of government that recognized our Creator as the source of our rights, and the liberty to assert those rights, we also had experience with the fiat currencies of the colonies. The colonial experience was a financial disaster. The evidence is in the strong motivation that produced the prohibition against the States making anything but gold and silver coin, lawful tender. The fact that the Federal corporation claimed the power that the States never had, and couldn’t grant, is the height of willful rebellion. At that point, the Federal corporation was in default and continued in insurrection, culminating in the corporate violent overthrow of the legitimate government that represented the people. So much for the oath of office.


The history of private banks in America is a shameful history of Federal dereliction of duty. If we are to restore honest, legitimate government, we must also restore real, honest money. To fail to pursue that end is to accept the government we have as our just punishment. As long as people insist on being. S. citizens and enjoy the “benefits” of using Federal Reserve notes, they should stop complaining and just pay their taxes. Apparently, they are comfortable with the way their chains rest upon them.


I read “The Coming Battle” in December of 2008. It’s a very telling, detailed account of events leading up to the Federal Reserve Act.

493 pages, at this link:

Unnatural Law: Debt vs. Security


Unnatural Law
                                                                Debt vs. Security
The functional parameters of the concepts Debt and Security are black-and-white opposites. The contrast is so sharp that the use of the word “Securities” in investment circles is a fraudulent misrepresentation for the purpose of commercial promotion. There is nothing secure about paper. Ask Bernie Madoff’s investors. Read the rest of this entry »

Unnatural Law: Legality vs. Humanity


                                                           Unnatural Law
                                             Legality vs. Humanity

       Legality and Humanity part company when the demands of a dead thing, a corporation, are given priority over life. At the heart of the matter is the love of money and the lust for power.

Read the rest of this entry »


Fwd: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil


Thank you, Harmon …. In this circus, the lion eventually devours everyone, if they don’t have enough sense to get out of there.


George
 — On Tue, 7/12/11, Legal Reality <legal_reality@earthlink.net> wrote:
From: Legal Reality <legal_reality@earthlink.net>
Subject: Fwd: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil
To: “Legal Reality” <legal_reality@earthlink.net>
Date: Tuesday, July 12, 2011, 11:58 AM

12 July A.D. 2011There are multiple stories below.  Key is the recent German decision to refuse to continue to finance Italy and Spain.  The PIIGS nations are feeling the consequences of unpayable debt.

Not healthy for the EU.  Ultimately, it’s probably good for those seeking liberty, for the thumb of the internationalist banking regime may have reached its limit.  We’ll find out plenty soon enough.
To understand “exponential growth” is to understand what had to have been the plan from the beginning by the “lenders.”  Where debt grows exponentially, which is what happens with interest, it is easy to calculate “when” any debt becomes unpayable.
The present “debt ceiling” political football is a fancy spin, i.e., cover story, on the reality that math is pretty solid in basis.  A debt that’s growing exponentially can’t be paid.  To continue to pretend that a “debt ceiling” needs to be raised is to continue to pull the wool over the people’s eyes as to the mathematical reality.  Germany is commercially compelled to act within the boundaries of mathematical reality.  Good for them.
We look forward to the day when the bread and circuses no longer keep the American minds focused away from our financial/mathematical reality.
As a interested voice in East Texas reminds us quite often, that which cannot be paid will not be paid.
Harmon L. Taylor
Legal Reality
Dallas, Texas
Subscribe / unsubscribe :  legal_reality@earthlink.net

—– Forwarded message —–
From: “Gold Anti-Trust Action Committee” <gata@lists.gata.org>
Date: Mon, Jul 11, 2011 3:59 pm
Subject: [GATA] Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil

01:59PM ET Monday, July 11, 2011

Ambrose Evans-Pritchard: German ‘nein’ leaves Italy and Spain in turmoil
How awful of those nasty Germans to resent paying for the loose living of others!

* * *

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 11, 2011

http://www.telegraph.co.uk/finance/8631219/German-Nein-leaves-Italy-and-Spain-in-turmoil.html

Italian and Spanish bond yields soared to post-EMU highs in a fresh day of credit turmoil after Germany blocked any meaningful measures to defuse the crisis.
Chancellor Angela Merkel called for more “frugality” in Italy, sticking to her script that Rome can solve its woes with an austerity budget. Her finance minister Wolfgang Schauble said any boost to the EU’s E500 billion (L440 billion) bailout machinery was “out of the question.”

…. Dispatch continues below …

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Prophecy (TSXV: PCY) Secures Russian Far East Seaport Allocation
and Updates Ulaan Ovoo Mine Production

Company Press Release, June 14, 2011

VANCOUVER, British Columbia — Prophecy Coal Corp. TSX-V: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) has arranged with the Port of Sovgavan in the State of Khabarovsk, Russia, so the company will have initial access to port allocation of 25,000 tonnes of coal per month starting this month, potentially expandable to 50,000 tonnes per month, representing 300,000 to 600,000 tonnes annually. Prophecy also will be assigned a coal storage area at the port.

This arrangement provides Prophecy’s Ulaan Ovoo thermal coal mine with immediate access to the Asian seaborne export coal markets. Sovgavan is strategically located on the seaboard of the Russian Far East. The port is privately owned and can accommodate seagoing vessels of up to 160 meters in length, with the depth of loading site of 9.5 meters. The port has loading capacity of 6,000 tonnes per day and direct connections to Trans-Siberian railroads and uncongested Russian state highways.

Securing the port opens Prophecy to a significant number of coal buyers, and the company is placing top priority to conclude rail transport within Russia and coal offtake contracts.

Prophecy’s Ulaan Ovoo mine commenced production in 2011. So far this year the mine has produced 200,000 tonnes of coal, which are being stockpiled. The average quality is 4,200 kcal/kg NAR with 5 percent ash and 0.5 percent sulphur. Those attributes compare favorably to the coal being purchased by local Russian and Mongolian power plants.

For the complete company statement, please visit:

http://www.prophecycoal.com/news_2011_jun14_Prophecy_Secures_Russian_Sea_Port_Updates_Ulaan_Ovoo.php

Mr Schauble denied reports that Berlin was ready to empower the fund to purchase Spanish and Italian bonds pre-emptively on the open market, a move seen by experts as vital to halt dangerous contagion to the larger economies.

The market’s verdict on EU foot-dragging was instant and brutal. Yields on 10-year Spanish bonds smashed through the 6pc barrier for the first time since 1997, made worse by warnings from the Castilla-La Mancha region that its deficit had become “extremely serious.”

Italian yields jumped 44 points to 5.7 percent, a level that starts to threaten the sustainability of the country’s finances. Markit’s iTraxx SovX Western Europe, Europe’s sovereign stress gauge, saw the biggest one-day rise ever. “Contagion was the word on everybody’s lips,” said Gavan Nolan, Markit’s credit chief.

EU leaders seem unable to keep pace with the fast-moving events. Eurogroup finance ministers focused yesterday on details of “burden sharing” for banks that lent to Greece, no longer the most urgent matter. A summit of top EU officials ended with no hint of how the crisis could be contained.

“We’ve painted ourselves into a corner. At this point, either someone — Germany, the European Central Bank — has to fundamentally shift position or everything blows up,” an EU official told Reuters.

Berlin has resisted any move to buy or guarantee the bonds of distressed debtors, viewing it as a slippery slope towards a fiscal union and a breach of Germany’s Basic Law. The ECB in turn has refused to buy Spanish and Italian bonds, saying it is the task of EU governments.

The euro tumbled over two cents to under $1.40 against the US dollar. Gold rose to $1,556 an ounce on safe-haven flows. Italy’s stock market led the rout of global bourses, dropping 4 percent despite moves by the regulator Consob to curtail short-selling. Italian bank shares were pummelled again. Unicredit fell 6 percent, and Intesa SanPaulo fell 7 percent. London’s FTSE 100 fell 1 percent, while the Dow was off 1.3 percent in early trading.

Escalating woes in Italy and Spain raise the stakes dramatically. The pair have E6.3 trillion of total debts between them. Jean-Claude Trichet, the ECB president, said Europe is now at “the epicentre of a global problem.”

Yet EU attention remains focused on curbing the rating agencies, a campaign that is turning shrill. Viviane Reding, the EU Justice Commissioner, said the authorities must “smash the cartel of the three US rating agencies.” Fitch is, in fact, French-owned.

Barclays Capital said EU leaders must recognise that Greece is insolvent and prepare for an orderly debt restructuring, perhaps one that shares the pain between private creditors and the EU taxpayer and gives Greece a way out of its trap by easing the debt burden by 60 percent.

Such a move requires back-stop defences to prevent contagion, perhaps by using the EFSF bailout fund to shore up Club Med bond markets. The solution is elegant; what lacks is political will.

Gary Jenkins at Evolution Securities said the EU cannot keep stalling. Italy’s borrowing costs are ratcheting toward the fatal line of 7 percent. “It is worth remembering how quickly bond yields can get out of control by looking at what happened to Greek, Irish and Portuguese 10-year yields. What would keep me awake at night if I was a European finance minister is that we are only about 2 percent from potential disaster,” he said.

* * *

Join GATA here:

Gold Rush 2011
GATA’s London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gatagoldrush.com

The Silver Summit
Thursday-Friday, October 20-21, 2011
Davenport Hotel, Spokane, Washington

http://cambridgehouse.com/conference-details/the-silver-summit-2011/48

Support GATA by purchasing gold and silver commemorative coins:

https://www.amsterdamgold.eu/gata/index.asp?BiD=12

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Or a video disc of GATA’s 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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Golden Phoenix Shareholder Conference Call To Discuss
Start of Gold Production at Mineral Ridge Gold Project

Company Press Release, June 27, 2011

SPARKS, Nevada — Golden Phoenix Minerals, Inc. (GPXM) has scheduled its second quarter 2011 shareholder conference call for Tuesday, July 12. Shareholders are invited to participate in the call, will begin at 1 p.m. Pacific and 4 p.m. Eastern time.

Company management will provide updates on accomplishments in the second quarter and explain how the company’s royalty mining growth strategy is expected to unfold in the second half of the year.

Topics to be updated include the start of gold production at Mineral Ridge, developments on the Vanderbilt Silver and Coyote Fault Gold projects, the Shining Tree and Peru projects, and drilling plans for 2011. Questions from shareholders will be answered as well.

“Thirteen months after closing the joint venture between Golden Phoenix and Scorpio Gold, the Mineral Ridge property has entered gold production,” said Tom Klein, CEO of Golden Phoenix. “Last week both companies completed joint tours of Mineral Ridge. We look forward to providing a complete update on our conference call.”

Participation in the shareholder conference call can be arranged by telephone, webcast, or Skype. To participate, dial 952-356-0015 and enter Conference ID 419582#.

For the company’s full press release, please visit:

http://goldenphoenix.us/pressreleases/

Golden Phoenix (GPXM) is a U.S. mining company with international exposure to gold, silver, and strategic metals. The company’s business model combines project generation and royalty mining that offers the potential for exploration upside, coupled with the backing of production and future royalty streams. View company videos here: http://www.GoldenPhoenix.us

Read more at http://www.gata.org/node/10117


Consumer credit card debt rises, and this is supposed to be a good thing (via 100gf | Politics and Computers)


This mindset apparently didn’t take enough of a beating for the lesson to sink in. Ever since consumer debt became a component in the GNP, it seems that debt is the driving force in the U. S. economy. Wall St. responds very negatively to any actions adverse to the interest in buying U. S. debt. The only logical conclusion is that debt is a critical and strategic product and export of the United States. What was once known as criminal fraud is now accepted practice.

Remember that crippling financial crisis that was partly caused by high levels of consumer debt? Well it seems we're emerging from the worst of it. How do we know? Because consumer credit card debt is on the rise! Does it seem odd to you that one of the clearest sign that we're recovering from debt-fuelled catastrophe is the fact that debt is accumulating once again? If so, perhaps you share the opinion of those who believe that the 'recovery' pr … Read More

via 100gf | Politics and Computers


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