Obama Is A Joke. He Will Go Down In History As One Of The Worst Presidents In History.

by James Quinn

The Liar-in-Chief evidently crowed last night about his awesome achievements in turning our economy around, generating millions of jobs, and cutting our deficits. The average American knows he’s full of shit and lying his half black ass off. The economy is in recession and has been in recession for the average person (not Wall Street bankers and DC politicians) for years.

His Obamacare debacle is destroying the finances of middle class families and small businesses. The jobs added are part-time shit jobs for people who got laid off from good paying full-time jobs because of Obamacare. Deficits have been artificially cut through accounting schemes with Fannie, Freddie, and the Fed. They are poised to soar back to $1 trillion per year because Obama has done nothing but add to our unfunded welfare liabilities.
Obama fancies himself as the champion of the poor and working class. The chart below reveals the true state of Obama’s union. Real median income in 2007 before the Wall Street created financial collapse was $57,300. Today it is $53,800. Any idiot who considers that progress should be a community organizer. The Liar-in-Chief took office in 2009 when the poverty rate was 14.5%. He’s going to leave office with the poverty rate exceeding 15.5%. His black poverty stricken constituency should be stringing him up, based on his success in alleviating their pain.
Obama is a joke. He will go down in history as one of the worst presidents in history, and that is hard to do.

Russia And China Are Preparing To Decouple From The US Dollar.

Obama during the SOTU reported that the economy is in perfect shape and anyone that doubts this is peddling fiction. Overdraft fees on peoples account are rising. Many financial analysts are reporting that the stock market is in a bear market and will most likely decline more than 25%. The BDI has fallen to an all time new low. Russia and China are preparing to decouple from the US dollar. Russia is setting up its own oil trading system which will allow the country to deal with other countries bypassing the dollar.

Setting the Record Straight: Did Monsanto Really Buy Blackwater (Xe)?

There has been a great deal of publicity over the potential purchase of Blackwater (now known as Academi, and Xe before that) by mega corporation Monsanto. While the two seem to be a great match, as they both fail to consider the morality and consequence of their actions, it seems that Monsanto is only involved with Blackwater in infiltrating activist groups who are opposed to the biotech giant — an operation quite sinister enough. The truth of the matter is that Academi (Blackwater) was purchased by private investors, and the heavily sourced article written by Jeremy Scahill in The Nation actually says nothing about Monsanto buying Blackwater.

What the articles does say, however, is that Monsanto and Blackwater are indeed working together to target anti-Monsanto activists and organizations. Known as far back as 2010, it was unveiled that Blackwater’s client list included Monsanto, Chevron, Walt Disney and many more. According to documents obtained by Scahill, it was also revealed that Monsanto was willing to pay upwards of $500,000 in order for Blackwater to join anti-Monsanto activist groups and infiltrate the ranks. Furthermore, a number of internet-based tactics could be utilized as incognito PR for Monsanto, who undoubtedly knew opposition would mount against their GMO crops as more individuals became aware of the dangers.

Amazingly, the document stated that Monsanto was “concerned about animal rights activists and that they discussed how Blackwater “could have our person(s) actually join [activist] group(s) legally.”

Of course this occurred back in 2008, and Monsanto admitted in e-mails that the relationship lasted until around 2010 — near the time the information came to light. Raw Story reports:

“In an… e-mail to The Nation, Wilson confirmed he met Black in Zurich and that Monsanto hired Total Intelligence in 2008 and worked with the company until early 2010. “

Even though Monsanto may not have purchased Blackwater, their relationship with them remains quite clear. Both organizations are noted for their crimes against humanity, and they really do have a twisted synergy of sorts so it is quite easy to see how the topic became viral. While they may not be owned by the same individuals, one thing is clear: the relationship between these two companies is enough cause for alarm.

Princeton Study Says U.S. No Longer An Actual Democracy

Source: Counter Current News

A groundbreaking study from Princeton University is causing a lot of controversy, but its findings are undeniable.
The university study explain that U.S. democracy is pure fiction. That is, the researchers explain, it simply does not exist.
The scholars behind the study asked the question: “[w]ho really rules?”
Researchers Martin Gilens along with Benjamin I. Page concluded that over the past few decades in particular, the U.S. political system has gradually changed in a way that has warped the Democratic Republic into a nearly pure oligarchy, where the elite 1% rule with almost total influence and control over the government and even police state apparatus.
The researchers drew data from over 1,800 different policy initiatives dating from 1981 to 2002. They concluded that wealthy, well-connected families are the ones who steer the direction of nearly everything politically in the United States.
“The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy,” they explain, “while mass-based interest groups and average citizens have little or no independent influence.”
Gilens and Page compare and contrast the political preferences of those at the 50th income percentile to preferences of those at the 90th percentile in addition to major lobbying or business groups.
The pair found that regardless of whether one is Republican or Democratic was of no significant difference. The results showed that more often than not, policy followed the interests of corporations and the 1%.
The research notes recent Supreme Court decisions that allow more money in politics – pointing to this as a likely factor in this transformation into an oligarchy – stretching back to the 1980s.
“Ordinary citizens,” they explain, “might often be observed to ‘win’ (that is, to get their preferred policy outcomes) even if they had no independent effect whatsoever on policy making, if elites (with whom they often agree) actually prevail.”

Ian McAvity: We’ve now completed a topping in the stock market; Gold is currently bottoming, a prelude to a major rise

The Trump phenomenon: Main street’s anger with the establishment
We’ve now completed a topping in the stock market
Gold is currently bottoming, a prelude to a major rise

By Greg Hunter’s USAWatchdog.com   (Early Sunday Release)
Financial expert and best-selling author James Rickards thinks the “international monetary system is headed for a collapse.”  Rickards contends, “It’s really not meant to be a provocative statement.  The international monetary system actually has collapsed three times in the past 100 years.  It collapsed in 1914.  It collapsed in 1939, and it collapsed in 1971.  When it happens, it doesn’t mean the end of the world or we all go live in caves.  We have a period of sort of economic confusion.”  Rickards new book “The Death of Money” is a road map for what is coming.  Rickards contends, “What I do for the reader is explain why the collapse is coming and, secondly, describe what this new system might look like.  That should be very helpful to investors in preparing to both survive the collapse and be well positioned in terms of wealth preservation under the new system that’s coming.” 
What does the new system look like for the U.S. dollar?  Rickards says, “Here we are, again, looking at another collapse.  The problem today is we are on a global dollar standard.  A paper money standard can work, but only if you maintain confidence in the money . . . and you do that by running a good economy and having a good business environment . . . we’re doing the opposite.  We are printing a lot of money.  We have a lousy business environment.  Taxes are too high.  Growth is too low.  So, a lot of things are combining to undermine confidence in the dollar.  Rickards goes on to say, “The last time the system collapsed in 2008, the Fed rescued it.  How did they do that?  Well, we know the Fed printed over $3.5 trillion in new money in the last 5 years.  The Fed’s balance sheet went from $800 billion to over $4 trillion.  People understand that.  What’s less well known is the swap lines with Europe . . . European banks had dollar liabilities because they borrowed money in dollars. . . .   Where did the European Central Bank get the dollars they needed to bail out their own banks?  They got them from the Fed.  They gave us euros and we gave them dollars.  So, these dollar/euro swaps were in the tens of trillions of dollars. . . . In addition to that, the Fed guaranteed every money market fund in the United States . . . and they guaranteed every bank deposit in the United States.  Here you have a massive $60-$100 trillion bailout, not the $4 trillion you were told.  Fast forward to today. When the next collapse comes, it is going to be bigger than the last one.  It’s going to be exponentially bigger. The five biggest banks that were too big to fail in 2008, today they are bigger.  They own a larger percentage of the total banking assets. . . . When you double or triple the scale of the system, you don’t double or triple the risk.  You increase the risk by an exponent that could be 10 times or 100 times.” 
On the Fed engineering another 2008 type bailout, Rickards claims, “The last crisis was barely enough for the Fed to contain.  They have used up all their dry powder.  They can’t take the balance sheet any higher.  They are already insolvent. . . . The Fed is insolvent.  If you mark their assets to market, they are leveraged 80 to 1, and interest rates have been going up.  So, a very small decline in the market value of their assets and it wipes out their capital.  It’s a very simple math.  So, we have an insolvent central bank.  The next crisis is going to be bigger.  You can see it coming.  It is going to be too big for the Fed.  They have taken their balance sheet to $4 trillion.  What are they going to do, take their balance sheet to $8 trillion and leverage 200 to 1?  The game is up.  This has become very apparent.  They are insolvent on a mark to market basis today, not like next year or the year after.  They are insolvent today.”
Rickards foresees big inflation because the U.S. dollar’s buying power will shrink.  Rickards predicts, “Imagine gas at $20 a gallon and bread at $10.  That’s what we’re talking about.”  So, if big inflation is coming, what about gold?  Rickards says, “When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more.”  It did in the 1970’s.  None of this is unprecedented, it all happened before.” 
Rickards says, “When a collapse happens, it will happen quickly.  You won’t see it coming.  There won’t be time to run out and buy gold, and it probably will not even be available at that stage.  You need to prepare now.” 
Join Greg Hunter as he goes One-on-One with James Rickards, author of the new book “The Death of Money.”
(There is much more in the video interview.) 

Home  »  Market Analysis   »   Fed Insolvent, Dollar Will Collapse 90% or More-James Rickards

Fed Insolvent, Dollar Will Collapse 90% or More-James Rickards

By Greg Hunter On March 23, 2014 In Market Analysis 221 Comments

By Greg Hunter’s USAWatchdog.com   (Early Sunday Release)
Financial expert and best-selling author James Rickards thinks the “international monetary system is headed for a collapse.”  Rickards contends, “It’s really not meant to be a provocative statement.  The international monetary system actually has collapsed three times in the past 100 years.  It collapsed in 1914.  It collapsed in 1939, and it collapsed in 1971.  When it happens, it doesn’t mean the end of the world or we all go live in caves.  We have a period of sort of economic confusion.”  Rickards new book “The Death of Money” is a road map for what is coming.  Rickards contends, “What I do for the reader is explain why the collapse is coming and, secondly, describe what this new system might look like.  That should be very helpful to investors in preparing to both survive the collapse and be well positioned in terms of wealth preservation under the new system that’s coming.” 
What does the new system look like for the U.S. dollar?  Rickards says, “Here we are, again, looking at another collapse.  The problem today is we are on a global dollar standard.  A paper money standard can work, but only if you maintain confidence in the money . . . and you do that by running a good economy and having a good business environment . . . we’re doing the opposite.  We are printing a lot of money.  We have a lousy business environment.  Taxes are too high.  Growth is too low.  So, a lot of things are combining to undermine confidence in the dollar.  Rickards goes on to say, “The last time the system collapsed in 2008, the Fed rescued it.  How did they do that?  Well, we know the Fed printed over $3.5 trillion in new money in the last 5 years.  The Fed’s balance sheet went from $800 billion to over $4 trillion.  People understand that.  What’s less well known is the swap lines with Europe . . . European banks had dollar liabilities because they borrowed money in dollars. . . .   Where did the European Central Bank get the dollars they needed to bail out their own banks?  They got them from the Fed.  They gave us euros and we gave them dollars.  So, these dollar/euro swaps were in the tens of trillions of dollars. . . . In addition to that, the Fed guaranteed every money market fund in the United States . . . and they guaranteed every bank deposit in the United States.  Here you have a massive $60-$100 trillion bailout, not the $4 trillion you were told.  Fast forward to today. When the next collapse comes, it is going to be bigger than the last one.  It’s going to be exponentially bigger. The five biggest banks that were too big to fail in 2008, today they are bigger.  They own a larger percentage of the total banking assets. . . . When you double or triple the scale of the system, you don’t double or triple the risk.  You increase the risk by an exponent that could be 10 times or 100 times.” 
On the Fed engineering another 2008 type bailout, Rickards claims, “The last crisis was barely enough for the Fed to contain.  They have used up all their dry powder.  They can’t take the balance sheet any higher.  They are already insolvent. . . . The Fed is insolvent.  If you mark their assets to market, they are leveraged 80 to 1, and interest rates have been going up.  So, a very small decline in the market value of their assets and it wipes out their capital.  It’s a very simple math.  So, we have an insolvent central bank.  The next crisis is going to be bigger.  You can see it coming.  It is going to be too big for the Fed.  They have taken their balance sheet to $4 trillion.  What are they going to do, take their balance sheet to $8 trillion and leverage 200 to 1?  The game is up.  This has become very apparent.  They are insolvent on a mark to market basis today, not like next year or the year after.  They are insolvent today.”
Rickards foresees big inflation because the U.S. dollar’s buying power will shrink.  Rickards predicts, “Imagine gas at $20 a gallon and bread at $10.  That’s what we’re talking about.”  So, if big inflation is coming, what about gold?  Rickards says, “When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more.”  It did in the 1970’s.  None of this is unprecedented, it all happened before.” 
Rickards says, “When a collapse happens, it will happen quickly.  You won’t see it coming.  There won’t be time to run out and buy gold, and it probably will not even be available at that stage.  You need to prepare now.” 
Join Greg Hunter as he goes One-on-One with James Rickards, author of the new book “The Death of Money.”
(There is much more in the video interview.) 

After the interview:
Rickards told me he is already starting to sketch out his next book.  He did not tell me the subject, but I suspect it will talk (in part) about the post-dollar reserve currency world.  He says that project is at least 2 years away.  In the meantime, you can order his new book “The Death of Money” by clicking this link.

“Buy Gold” As Equities “Rolling Over” Warns UBS

UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016′, it is time to “buy gold”.

In their just released research note entitled ‘The 7-Year Cycle in Equities Is Rolling Over … Buy Gold!’, analysts Michael Riesner and Marc Müller believe the bear market that has dominated the price of gold since 2011 is nearing a bottom, with the “basis for the next multi-year bull market” now taking hold:
“Gold we expect to move into a major 8-year cycle bottom in 2016, as the basis for a new multi-year bull market.”
“Gold has been trading in a cyclical bear market since 2011. In 2016, we expect gold and gold mines moving into an 8-year cycle bottom as the basis for the next multi-year bull market. Initially, we see gold profiting as a safe haven and as of 2017, gold could profit from the US dollar moving in a major top and starting a bear market.” 

“In contrast to the underlying secular trend in commodities (which has turned bearish) we see gold (which is in our view a currency and not a commodity) still trading in a secular bull market.
Pattern wise we continue to see the 2011/2016 cyclical bear market in the same context as the 1975/1976 bear cycle in gold. Keep in mind, in the mid-70s gold lost 43% of its value from its January 1975 top before another gold bull market started into the January 1980 bubble peak. It is amazing to see that with a loss of 45% from its August 2011 top into the early December 2015 low, the decline in gold has more or less exactly the same proportion as in the mid-70s.
Furthermore, there are still a lot of market commentators who say that the August 2011 top in gold was the top of a bubble. According to the average gains we have seen in historical financial bubbles, the gold bull run from 2001 into 2011 (760%) was far away from any bubble territory.
In the first gold bubble, gold gained 2400%. In the 1903 to 1929 Dow bubble, the Dow Jones Industrial gained 1200%. The 1979-1989 Nikkei bubble came in at around 2000% and the 1980 – 2000 Nasdaq bubble topped out a +3900%.
So if gold moves into a bubble, we would need to see a gold price of minimum $3,300, and in this case we would still talk about a low bubble phenomena such as the 1903 – 1929 Dow Jones bubble!!”
The research and charts are well worth a read and can be accessed here

Precious Metal Prices
14 Jan LBMA Gold Prices: USD 1,090.75, EUR 998.03 and GBP 759.10 per ounce
13 Jan LBMA Gold Prices: USD 1,081.80, EUR 1,000.00 and GBP 749.04 per ounce
12 Jan LBMA Gold Prices: USD 1,094.95, EUR 1,008.76 and GBP 756.92 per ounce
11 Jan LBMA Gold Prices: USD 1,104.70, EUR 1,014.08 and GBP 758.18 per ounce
8 Jan LBMA Gold Prices: USD 1,097.45, EUR 1,009.86 and GBP 750.67 per ounce

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