Summer Ends, Jackass Appears

51

In a continuance of our "holiday tradition", Jim Willie stopped by Turdville yesterday to share his thoughts on current events and where he thinks this all headed.

The Jackass was his usual self, even if a bit under the weather. In this podcast, we discuss:

  • Yesterday's announcement by Gazprom that they will begin accepting payment in rubles and yuan
  • The escalation of US and EU sanctions against Russia and how they are failing/backfiring
  • The growing isolation of the US as a economic superpower
  • The eventual emergence of a new global currency regime

This baby clocks in at slightly over 60 minutes so please try to pace yourself. You don't want to overdo it.

TF

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Safety Dan
Aug 30, 2014 - 8:38am

Odyssey Marine Releases

Odyssey Marine Releases Preliminary List of Numismatic Items Recovered from S.S. Central America

Central America was a 280-foot steamship that carried passengers and bullion from Panama to ports on the Eastern seaboard of the United States.

The ship sank after it was caught in a September 1857 hurricane. More than 420 of the 550 people on board died. The sinking was the worst shipwreck in American history–a short-lived distinction as the sinking of the S.S. Sultana in 1865 took the lives of more than 1,500 people.

As CoinWeek reported earlier, the April 15, 2014 reconnaissance dive turned up five gold ingots and two $20 double eagle gold coins. Recovery efforts were threatened after a legal claim filed on behalf of the Columbus-America Discovery Group. Odyssey Marine continued their recovery efforts throughout the proceedings and a U.S District Court in Virginia dismissed the case.

In the report, recovery work that took place between April 15 and May 8, 2014 yielded more than 800 gold coins and a cache of nearly 10,000 silver coins, including 8,931 dimes. However, the company’s most recent communication toCoinWeek reveals that the firm’s efforts have turned up and extensive accumulation of gold and silver objects.

Safety Dan
Aug 30, 2014 - 8:36am

Henry Kissinger on the

Henry Kissinger on the Assembly of a New World Order

The concept that has underpinned the modern geopolitical era is in crisis.

Libya is in civil war, fundamentalist armies are building a self-declared caliphate across Syria and Iraq and Afghanistan's young democracy is on the verge of paralysis. To these troubles are added a resurgence of tensions with Russia and a relationship with China divided between pledges of cooperation and public recrimination. The concept of order that has underpinned the modern era is in crisis.

The search for world order has long been defined almost exclusively by the concepts of Western societies. In the decades following World War II, the U.S.—strengthened in its economy and national confidence—began to take up the torch of international leadership and added a new dimension. A nation founded explicitly on an idea of free and representative governance, the U.S. identified its own rise with the spread of liberty and democracy and credited these forces with an ability to achieve just and lasting peace. The traditional European approach to order had viewed peoples and states as inherently competitive; to constrain the effects of their clashing ambitions, it relied on a balance of power and a concert of enlightened statesmen. The prevalent American view considered people inherently reasonable and inclined toward peaceful compromise and common sense; the spread of democracy was therefore the overarching goal for international order. Free markets would uplift individuals, enrich societies and substitute economic interdependence for traditional international rivalries.

This effort to establish world order has in many ways come to fruition. A plethora of independent sovereign states govern most of the world's territory. The spread of democracy and participatory governance has become a shared aspiration if not a universal reality; global communications and financial networks operate in real time.

Safety Dan
Aug 30, 2014 - 8:33am
Safety Dan
Aug 30, 2014 - 8:32am

The Nanny State Is Chemically

The Nanny State Is Chemically Castrating Our Children’s Brains

28Aug, 2014by Dave Hodges

Bill Gates, the biggest purveyor of vaccines.

Government should not be in the business of mandating personal choices and government should never be allowed to legislate choices which should be reserved for parents with regard to their children’s health and welfare. The parents are sovereign over the welfare of their children, not the nanny state.

In the name of increasing the corporate bottom line, the government watchdog industries of the DEA and FDA, as well as the office of the President, have become the willing lap dogs for Big Pharma and this unholy alliance is serving to endanger our children.

Big Pharma has gone to great lengths to increase sales to the youth of America either through chemically castrating our children’s brains or by producing drugs with very serious side effects which serve to seriously degrade both the brain and the body. Our children are being systematically destroyed by the pharmaceutical industry........

...........

The Coming Ebola Vaccination

One of the three entities tasked with the hasty creation of the Ebola virus is GlaxoSmithKline (GSK). It is not reassuring to future Ebola vaccine recipients that in 2012 GSK plead guilty in the largest health fraud settlement in United States medical history. GSK was fined billion to resolve both criminal and civil liability charges related to illegal drug marketing and purposely withholding information about health hazards associated with its diabetes drug Avandia and other drugs as well, including the antidepressant Paxil, which was illegally marketed to children and adolescents for everything from depression to shyness.

GSK’s hidden partner, Monsanto, voted the most evil corporation year after year, is also involved in the creation of an Ebola vaccine. Mark my words, this vaccine, no matter how hastily produced, no matter how untested and no matter how dangerous, will be mandatory in order for children to go to school or be in attendance at any event in which crowds are present. I am further predicting that we will see multitude of 2015 Ebola vaccine riots across America over this coming vaccine which will be researched, tested and produced in a mere three to five month instead of the requisite three to five year period.

Meanwhile, the chemical castration of our children’s brains continued unabated courtesy of the collusion between Big Pharma and the government’s policy and law makers.

​-edit posted in Vault

Safety Dan
Aug 30, 2014 - 8:31am
Safety Dan
Aug 30, 2014 - 8:30am
Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Safety Dan
Aug 30, 2014 - 8:29am

Butter Prices Reach All-Time

Butter Prices Reach All-Time High Amid Smaller Stockpiles

Butter futures reached an all-time high in Chicago as Americans’ rising appetite for the fatty dairy spread and rising exports erode U.S. inventories.

Domestic consumption is projected to rise 0.8 percent to 788,000 metric tons in 2014, according to the U.S. Department of Agriculture. That would be the second-highest ever in data going back to 1965. Shipments in the first six months of the year were up 42 percent from 2013. Demand is rising as milk production trailed analyst expectations, while fat content, used to make butter, is also dropping, according to Eric Meyer, the president of Chicago-based High Ground Dairy.

Consumers have increased purchases for five straight years, while margarine sales dropped, according to researcher Nielsen NV. The gains left U.S. stockpiles in July 42 percent lower than a year earlier, USDA data show. Tight butter supplies are contributing to higher costs for buyers including Panera Bread Co.

“Ultimately, there’s good demand for cream-based products that’s tightening up the market,” Dave Kurzawski, a Chicago-based senior broker at INTL FCStone Inc., said in a telephone interview. “We haven’t had a tremendous amount of milk to deal with either, and the quality of fat in milk has gone down.”

Safety Dan
Aug 30, 2014 - 8:27am

Elderly woman witnesses to

Elderly woman witnesses to man trying to rob her

Elderly woman witnesses to man trying to rob her
Safety Dan
Aug 30, 2014 - 8:24am
Safety Dan
Aug 30, 2014 - 8:21am

Think this can't happen to

Think this can't happen to you? Having trouble viewing this email? Click here

Case Study: Think this can't happen to you?

In early 2012, Brazil's Eike Batista was one of the richest men in the world with an estimated fortune of over $34 billion, nipping at the heels of Bill Gates and Carlos Slim.

To put this figure in perspective, his wealth exceeded the GDPs of over 100 countries, including Latvia, Kenya, Cyprus, and Paraguay.

Starting in March of 2012, though, Batista's fortune began to decline. As Hemingway once wrote of bankruptcy, it happened "gradually and then suddenly."

And this collapse happened in such spectacular fashion that Bloomberg has suggested Batista's net worth is now negative.

It's a stunning reversal, one of the biggest in history. Just imagine going from one of the richest people on the planet to being possibly insolvent.

We read about these dramatic events in the lives of others-- someone loses an entire fortune... has his/her assets frozen by the government... gets thrown in jail for violating some obscure, innocuous law... etc. It's incredible.

But these things always happen to other people, right?

Nobody ever thinks it will happen to them. Until it does.

The same thing applies to countries; nations that were once tremendously wealthy can and do go broke. Afterwards it seems so obvious.

In Batista's case, the Monday morning quarterbacks have pointed to all the obvious warning signs, attributing his downfall to arrogance, hubris, overextension, deceit, and too much debt.

Sounds familiar? Here's the bottom line

Look, it's really important to be optimistic in life and see the world for all of its wonder and opportunity.

But adopting an attitude that 'it can't happen to me... it can't happen here...' is foolish.

Any one of us could end up on the wrong end of a government 'list' this afternoon. Lose a job. Suffer a monumental business setback. Or medical scare.

Similarly, any number of things could set off a global financial crisis that dwarfs what happened in 2008. Perhaps another bank failure. Sovereign default. Death of a major world leader. Etc.

Any of these events could spark a wave of reaction and consequence, ranging from currency crisis to hyperinflation to severe loss of savings.

Or perhaps absolutely nothing will happen. Perhaps it really 'won't happen here, it won't happen to me.'

But given how much is riding on this assumption, it certainly makes sense to take informed, prudent steps to secure what you have worked for your entire life to build.

This is one of the reasons I own productive agricultural property; no matter what happens in the world, I know I will always have everything that I truly need.

Understandably, owning farmland overseas may be too complicated for some people. But there are easier steps.

For example, it also makes sense to consider moving a portion of your savings abroad to a safe, stable banking jurisdiction that isn't controlled by your insolvent government back home.

The same logic applies to having some precious metals overseas, and diversifying some of your savings to other currencies and asset classes that aren't being inflated away as prolifically.

Taking these steps doesn't make you a crazed, tin foil hat pessimist. It just means that you're being prudent. And realistic.

If nothing ever happens, you won't be worse off for having taken these steps. But if any number of scenarios plays out, and these clear trends continue to sharpen, then they might end up being among the smartest moves you've ever made.

This is what our premium service Sovereign Man: Confidential is all about; taking rational steps that make sense no matter what happens.

Learn more about becoming a premium subscriber here

To your sovereignty,

Simon Black

Founder, SovereignMan.com

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Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

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