President Obama would be serving his constituents interests by expanding his search for replacements by devising a net to corral about 2/3 of Congressional House members and having them retired or simply ousted.

In today’s NYTimes opinions section, Paul Krugman discusses the problem of getting the unemployed back to work at jobs where there is mismatch between jobs available and skills of the displaced workers.

The creators of the crisis are now intent on applying insult to injury by denying destitute families the benefit of food stamps.

Watchdog Journalism

Submitted by saldeck on Thu, 06/06/2013 - 08:41.

When the tsunami community considered the Dodd-Frank Act (more specifically, the regulation of derivatives and the “passing-the-buck” process congress fervently subscribed to

While the recent chart painting has damaged the technical chart of gold, the fundementals (demand vs. supply) continue to indicate troubles for the manipulators. When the exchanges can not make good on delivery we will see the true potential for gold prices. I will not be suprised to see another naked short futures raid on gold and silver in the near future. None the less, it is clear, only Wall Street is buying the head fake. The rest of the world is hungry for gold. And why shouldn't they be?

Popping in just for a quick “Told you so!” which is bolstered by one of the more favored economists on the O&G list. . . at this time a “johnnie-come-lately” to use an older phrase.

Another elucidating piece from Matt Taibbi. He nails it on the head and shows the level of complicity and corruption in the regulatory and judicial branches of government in doing little of substance to halt this behavior which is a form of out right thievery.

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

excerpt:

I have remained quite on this subject for the most part. I have a little commentary and then I am linking the video for "The Secret World of Gold." Part III is the most interesting and germane to the current manipulations in the market.

Here are my thoughts in simplified terms in regard to the massive attack on gold and silver that has been ongoing for over 2 months and hit full force this week.

While the MSM and the primary dealers and bullion banks (who have been manipulating the prices lower in a ferocious manner the last few months) have been selling the idea that bull market in gold has ended, in the meantime, the rate at which physical gold is exiting the COMEX vaults is at the all time highest record. Has the manipulation been a cover to allow those trying to make good on their lease and swap options able to buy at lower prices? How much longer can the masquerade that QE is not long run causing monetary push inflation be sold?

What I've been saying all along. His solution is interesting.

Excerpt:
Helicopter QE will never be reversed
Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money.
By Ambrose Evans-Pritchard
7:49PM BST 03 Apr 2013

Columbia Professor Michael Woodford, the world’s most closely followed monetary theorist, says it is time to come clean and state openly that bond purchases are forever, and the sooner people understand this the better.

It is clear that Western Central Banks are panicking, using every trick to hammer gold and silver while pumping stocks through the primary dealers, even as economic fundamentals suggest that stocks are very expensive on a forward earnings basis and I would argue on a current earnings basis. There are of course exceptions. Any opportunity to listen to John Williams is one I will take as he provides data.

A front page article today in Bloomberg elicited these comments:

This article definitely has heuristic value. Basically it says the Fed is printing boat loads of money and it is going to banks that (had they to mark their assets to market) and not been the recipient of this massive Fed give away, they would be insolvent. He is also saying the reason we don't see any inflation to speak of is because the money never enters the real economy, doesn't spur growth. In fact, stagflation benefits the largely unregulated banking sector because while inflation remains low, they can keep printing money indefinitely to Wall Street's benefit.

The first thing I want to say is that I have no idea about timing in the markets. I want to give a brief summary of my current world view on the global financial markets. There is a lot of talk about the breadth of the recent rally in the US equity markets. There has also been a lot of talk about the gold and silver bull markets being over.

This article is a rare gem of truth on this subject:

The Fracked-up USA Shale Gas Bubble

excerpt:

It is clear that we are seeing a studious attempt to mask the entropy of corruption. This article points out just one example.

FDIC settlements go unannounced - LA Times

excerpt:

"...Critics describe the FDIC's current practice of low-profile deal-making as a major departure from the S&L crisis.

Much of the talk of a stronger global economy centers around China. What is studiously ignored most of the time is the fact that China has patterned a major portion of their "growth" strategy around real estate development and much if not most of that real estate sits empty, even as wages in China have not seen the kind of growth that would enable these "real estate investments" to bear fruit. I'll post the link to this very visual and compelling 60 Minutes piece (commercials included unfortunately) and then Jesse's lucid commentary.

After watching the PBS Frontline documentary, the untouchables (see a recent post on this site), we now have given the those who profited so well from their fraud, deception and sociopathic greed and hubris in the events leading up to 2008 a clean slate and they are free to continue pillaging and corrupting government and the Supreme Court injustices have carved their legacy of fascism into stone.

Of particular interest lately are the manipulated statistics indicating a downturn in new applications for unemployment.

Here is a lucid article from Ambrose. Again, he is one of the few mainstream journalists writing about such issues.

excerpt:

"... A new paper for the US Monetary Policy Forum and published by the Fed warns that the institution's capital base could be wiped out "several times" once borrowing costs start to rise in earnest.

This was receive via email this AM and is reproduced here without comment other than to point out sensitivity to common problems of the common wage earner is not a universally distributed attribute.

While this is not news to many of us here, it is worth remembering why our government is beholden to the Banks and the Federal Reserve:

Four Largest Banks Are Now Almost As Big As US GDP

The ZLB does more harm than good - for several reasons.

To hear a former high level civil servant talking in these terms should be a wake up call. This excellent interview by Greg Hunter with former Assistant Treasury Secretary Dr. Paul Craig Roberts spells out the severity and challenge to liberty we now face.

It is hard for me to understand how this is possible. The Fed is the buyer of only resort it would seem. What else is possible? How can it get better than this?

Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued, CSN News

excerpt: "...By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion—an increase of $47.2 billon for the calendar year.

If you haven't seen this you will want to. After you've seen it, pass it on.

PBS Frontline - The Untouchables

The fix is in. HSBC is another blatant example of the level of corruption in Banks and the justice system.

Outrageous HSBC Settlement Proves the Drug War is a Joke - Rolling Stone

Lars E. O. Svensson, a board member of the Sveriges Riksbank, Sweden’s central bank, and a professor at Stockholm University, had a paper published in the Brookings Papers on Economic Activity Fall 2011 issue, Practical Monetary Policy: Examples from Sweden and the United States”.

The insanity of the current system is illustrated in this straight forward talk. If our own government is voting on legislation it doesn't even read, how can there be any order, planning or management. What can we become aware of, do and be to bring a higher consciousness to the country and the world?

How can we have a different outcome than what is projected here? What else is possible? Everything is energy and we are souls only occupying bodies. Can we not exercise dominion over the energy we occupy?

Interview with Egon von Greyerz on King World News (click to see charts (they are astonishing!)