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The Corporate Media In America: Orwell Rolls Over In His Grave

“The American fascist would prefer not to use violence. His method is to poison the channels of public information. With a fascist the problem is never how best to present the truth to the public but how best to use the news to deceive the public into giving the fascist and his group more money or more power.” ~ Henry A. Wallace

“Do remember that dishonesty and cowardice always have to be paid for. Don’t imagine that for years on end you can make yourself the boot-licking propagandist of the Soviet régime, or any other régime, and then suddenly return to mental decency. Once a whore, always a whore.” ~ George Orwell

Posted by Jesse for Rick’s Café Américain, September 8, 2014. Continue reading

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A Sexually Satisfied Woman

sexually satisfied woman

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Robby Noel: End of an Era

VAya con Dios mi Amigo

Vaya con Dios, mi Amigo

By now, most of you know that Robby Noel will be leaving this geographical region of the Earth by mid-September of this year – less than two weeks from this post.

September 9, 2014 will mark the final broadcast on the Republic Broadcasting Network. Time marches on and Robby has made a decision to return home to his family rather than participate in the ongoing destruction of this once great republic.

My personal history began with Robby on June 28, 1995 while we were brokers and co-broadcasters at the now defunct Viking International Trading. By 1996 Viking had begun to unravel for many reasons – part of which was theft of specie from the organization by those representing the firm. Other reasons included a naive owner who thought that the party would go on forever and continued to buy homes and cars as if there was no tomorrow. Tomorrow came and all was lost.

I went on to form my own firm, Kettle Moraine, Ltd, – which is still in existence – and Robby went on to other endeavors within the industry that we both have represented for so many years. Our mutual goal was always the satisfaction of out clientele.

In 2004 Robby was invited by John Stadtmiller to join the fledgling RBN and form a precious metals division – hence Republic Trading Group. If you do a Google search today – you’ll note the the Chamber of Commerce lists Robby Noel as the principal – a fact that surprised even him.

Throughout all of these years, Robby has remained one of the most erstwhile and reliable broadcasters on the alternative media – only slowing down several years ago, when his health began to suffer. It is partially due to those same health issues that he has made the decision to return to the region of his birthplace.

For myself, I will miss my daily banter with Robby and wish him well – as do his longtime listeners. Who knows – maybe he’ll drop in from time to time from South Africa and let us know how he is doing, and challenge us with his vision of world events as seen from the other side of the world.

Vaya con Dios my friend,

Jeff

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The Dollar’s 70-year Dominance is Coming to an End!

Within a decade, greenback’s could be replaced as the world’s reserve currency

The dollar is currently boosted by being a reserve currency Photo: Reuters

The dollar is currently boosted by being a reserve currency Photo: Reuters

In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War.

The US was already the world’s commercial powerhouse, having eclipsed the British Empire several decades earlier. America was also on course to be among the victors of “Europe’s conflict”, even though its economy was largely unscathed by war. As such, Bretton Woods was US-dominated and produced a settlement largely on US terms.

Seventy years ago, that fateful summit ended. Its close marked the moment the dollar’s unquestionable supremacy was secured. Since then, global commerce has been conducted largely in dollars and leading economies have held the greenback as their primary reserve currency. Continue reading

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Copper’s warning, gold’s scolding

walker_obs-rvs_webIt is often said that the price behavior of copper can be an early tell on what the market’s next move will be. The reasoning is relatively simply (perhaps too much so). Because copper is used in nearly all aspects of economic activity, ranging from homes and electronics to factories, it is most sensitive to global-growth expectations and turning points in business cycles. As prices rise, demand for copper increases, which in turn means that activity likely is increasing before it shows up in fundamental data. Think of copper more broadly as an indicator of industrial activity. Continue reading

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What if China, Russia Succeed in Going off the Dollar?

dollar_down_de_drainBesides what the Fed is doing by printing money, there is another big threat to the dollar, said Alasdair. Countries in Asia are banding together in order to rid themselves of using the dollar in international trade.

He also warned that credible allegation of misconduct at the London bullion exchange could accelerate the trend of Shanghai becoming the world’s trading hub for gold. Continue reading

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More Than A Thousand Stood Under Heat & Sun For Free Food In Miami

foodlineMIAMI (CBSMiami) — More than a thousand locals lined up Friday morning for several hours under the scorching sun and heat in Miami for a box full of food.

The event located at the Central Shopping Plaza at 3825 NW 7th Street started at 9:00 a.m. Participants got a box of free vegetables, meats and bread worth $100 until 12:00 p.m.–or until supplies lasted.

Those who didn’t want to stand in line could wait in their car for the drive-thru portion of the event. Continue reading

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The Terrible Handling of the Economic Crisis Is a Cause of the Ferguson Riots

Bad Economic Policy Is Partly to Blame for Ferguson

Dollar_burningWe noted 3 years ago that the terrible handling of the economic crisis would lead to civil unrest and riots.

We noted that:

A study this month by economists Hans-Joachim Voth and Jacopo Ponticelli shows that – from 1919 to the present – austerity leads to violence and instability: Continue reading

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No Jobs But Crappy Jobs: The Next Big Political Issue?

Economy in troubleThe mass frustration is surely there. What’s missing is a mainstream national leader who will make this cause a prime election issue.

For decades, the increasing precariousness of work has been a source of mass frustration for tens of millions of Americans. But the issue has been largely below the political radar.

Politicians ritually invoke good jobs at good wages, yet presidents have been unwilling to name, much less remedy, the deep economic forces that are turning payroll jobs into what I’ve termed “The Task Rabbit Economy”—a collection of ad hoc gigs with no benefits, no job security, no career paths, and no employer reciprocity for worker diligence.

But there are signs that maybe this issue is starting to break through. Continue reading

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We Are Still In a Financial Crime Wave

In his recent column The Opposite of Stagflation Paul Krugman says that:

“One of the truly amazing (and disheartening) things about the Great Recession and its aftermath has been the continuing insistence of many economists that it’s somehow a supply-side slump, driven by the evils of Obamacare or something. This tends to come from people who view stagflation in the 1970s as having permanently refuted all things Keynes.

So I guess it’s worth pointing out repeatedly that the recent slump shows all the hallmarks of a demand-side shock; in particular, rising unemployment has been associated with falling inflation — the opposite of stagflation.”

pegholeSo I guess its also worth pointing out that the opposite of stagflation is not economic stagnation with declining inflation, but steady growth with very modest inflation. But given it is Paul K. we’ll grant that he is assuming inflation as a reference point in this. And in focusing in on the model battles, he is saying that we are indeed seeing stagnation, but there is deflation as his form of the Keynes model would predict. Huzzah!

I will put aside for now his assertion that we are seeing declining inflation. I think it might be said we are seeing little inflation growth overall, but with inflation appearing in certain product segments and assets. But this is, I believe, an artifact of the way in which the Fed is pursuing very significant, top down monetary stimulus in a system that is still distorted and corrupted by the financial sector and its moneyed interests. A few at the top are taking the greatest part of the monetary growth, and their demand is not for common goods but for luxuries, and monopolies, and more financial assets. Continue reading

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Bubbles, Bubbles Everywhere

Financial-Bubbles-Public-Domain-300x300Is there any doubt that we are living in a bubble economy? At this moment in the United States we are simultaneously experiencing a stock market bubble, a government debt bubble, a corporate bond bubble, a bubble in San Francisco real estate, a farmland bubble, a derivatives bubble and a student loan debt bubble. And of course similar things could be said about most of the rest of the planet as well.

In fact, the total amount of government debt around the world has risen by about 40 percent just since the last recession. But it is never sustainable when asset prices and debt levels increase much faster than the overall level of economic growth. History has shown us that all financial bubbles eventually burst. And when these current financial bubbles in America burst, the pain is going to be absolutely enormous. Continue reading

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Nearly 600,000 Sign Petition For “21st Century Glass-Steagall Act”

Glass-SteagallAt the Capitol this afternoon, U.S. Senator Elizabeth Warren (D-Mass.) received petitions in which nearly 600,000 Americans call for action on the 21st Century Glass-Steagall Act. This bipartisan bill, introduced by Senator Warren along with Sens. John McCain (R-Ariz.), Maria Cantwell (D-Wash.), and Angus King (I-Maine), would address the problem of Wall Street banks that have become too complicated, too conflicted and too powerful, as well as simply too big. Continue reading

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China Buys $22 BILLION Worth of Us Homes, Leads Global Pack

Foreign buyers of US residential real estate surged 35 percent last year, with Chinese buyers, searching for moderately priced, safe investments in a sea of economic and political uncertainty, outspending the rest of the world.

china-california-homes-property.siChinese buyers spent $22 billion on US homes in the 12-month period ending in March, or about 24 percent of total foreign sales by dollar value, according to a study released Tuesday by the National Association of Realtors (NAR). That’s up from $12.8 billion, or 19 percent, on the previous year.

Total international purchases of American homes jumped to $92.2 billion, according to the NAR, an increase of $68.2 billion on the year before and $82.5 billion for the year ending in March 2012.

Foreign clients made up about 7 percent of transactions in the $1.2 trillion US real estate market. Continue reading

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The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates

50-Dollars-Public-Domain-300x300As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. In previous articles, I have discussed Russia’s “de-dollarization strategy” and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar. But this is not just a story about Russia any longer. As you will read about below, China and South Korea have just signed a major agreement to facilitate trade with one another using their own national currencies, and even prominent French officials are now talking about the need to use the dollar less and the euro more. Continue reading

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Koenig: ‘The US dollar is not worth the paper it’s printed on’

In an exclusive interview for the Voice of Russia, Peter Koenig talks about “toxic derivatives”, the attempts to recreate the gold standard and the BRICS Development Bank. Peter Koenig is a former World Bank economist with 30 years of experience and the author of Implosion ~ An Economic Thriller.

dollar_eyesVoice of Russia: The Wall Street and the big banks have been accused of creating a “perfect economic storm” with its toxic derivative products and reckless lending practices. Is the financial sector the sole culprit? Continue reading

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“Gold is the constant”

eagle_obv_revOn occasion of the publication of his 8th annual “In Gold We Trust“ report, renowned gold market analyst Ronald Stoeferle points out in this interview some aspects of his latest report and the larger picture, inter alia: the interplay between inflation and deflation; the factors for the weak trend of the gold price during the last 24 months; and the importance of the permanently high stock-to-flow ratio of gold.

Ronald Stoeferle, managing director of Incrementum AG in Liechtenstein, is a Chartered Market Technician and a Certified Financial Technician. He was born October 27, 1980 in Vienna, Austria. During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign in the U.S., he worked for Raiffeisen Zentralbank (RZB) in the field of Fixed Income / Credit Investments. After graduating, Stoeferle joined Vienna based Erste Group Bank, covering International Equities, especially Asia. In 2006 he began writing reports on gold. His benchmark reports drew international coverage on CNBC, Bloomberg, the Wall Street Journal and the Financial Times. Since 2009 he also writes reports on crude oil. In 2013, Stoeferle and his partners incorporated Incrementum AG in Liechtenstein. Furthermore, he is now senior advisor to Erste Group Bank. Continue reading

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Total Central Bank Balance Sheets vs. Gold

only_gold_bkgnd.jpgThe top four central banks with the largest balance sheets today are: 1) Federal Reserve: $4.368 trillion, 2) European Central Bank: $2.997 trillion, 3) Bank of Japan: $2.585 trillion, 4) Bank of England: $676.3 billion. The top four central banks currently have total balance sheets of $10.626 trillion.

Eight years ago at the end of May 2006, the top four central banks with the largest balance sheets were: 1) European Central Bank: $1.391 trillion, 2) Bank of Japan: $1.378 trillion, 3) Federal Reserve: $851.6 billion, 4) Bank of England: $163.3 billion. The top four central banks at the end of May 2006 had total balance sheets of $3.785 trillion. Continue reading

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Krichene: Havenstein and the Fed

Rudolf E. A. Havenstein

Rudolf E. A. Havenstein

Rudolf Havenstein was the architect of the horrifying German hyperinflation of 1919-1923. A lawyer, with no knowledge in economics, Havenstein was the president of the German Reischbank from 1912 to 1923. Even when inflation was running at 100% a day, he believed that Germany was suffering a money shortage.

He was boasting that, besides the printing presses of the Reischbank, he had contracted 133 additional printing firms with 1,783 machines to supply paper money, and more than 30 paper manufacturers worked at full capacity solely to provide paper for the Reichsbank notes.

Havenstein urged the provinces, municipalities and large concerns to print and put into circulation their own emergency money notes. He gave the assurance that he would redeem these notes exactly as if they were Reichsbank banknotes. He kept interest rates at 5% a year when inflation was 100% a day. What madness! Continue reading

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The United States Of Debt

Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars

America-Is-Broke-425x481What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. That is an amount of money so large that it is difficult to describe it with words. For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spent 59.4 trillion dollars by now. And most of this debt has been accumulated in recent decades. Continue reading

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Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too

Empty Comex VaultDo you have a bank account that you don’t actively use or a safe deposit box that you have not checked on for a while? If so, you might want to see if the government has grabbed your money. This sounds absolutely crazy, but it is true. All over the world, governments are shortening the time periods required before they can seize “dormant bank accounts” and “unclaimed property”.

For example, as you will read about below, just last year the government of Australia seized a whopping 360 million dollars from dormant bank accounts. And this kind of thing is going on all over America as well. In fact, all 50 states actually pay private contractors to locate bank accounts and unclaimed property that can be seized. Continue reading

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