And the currency wars intensify…

https://tinyurl.com/p2a5qcq

“It is important to note that there remain doubts as to the integrity of the gold holdings of the U.S. and concerns that other countries national gold reserves could be encumbered, loaned or sold in the market. Indeed, the Bundesbank is having grave difficulty in having its gold reserves returned from the Federal Reserve in New York.“

“So far in 2014, Russia has now bought substantially more than their entire annual gold production of nearly 1,500,000 ounces.“

When Obama got the Nobel prize, it confirmed the worldwide liberal machine has permeated every faction of influence.

The posting of county government being the last stand is very true. The sheriff of the county I live in stated that he would refuse to confiscated weapons from law abiding citizens.

rno

By: Tom Chatham

As I mentioned in a previous article, we are being overwhelmed with one crisis after another in rapid fire succession. This is meant to keep everyone off balance and prevent any meaningful defense by the population. Before we can react to one crisis another rears its ugly head and diverts our attention causing many to ignore the recent crisis for the new one. Its all planned that way.

So how do we defeat this plan? We cannot fight every crisis with the hope of winning. We can only try to see the bigger picture and build a wall that can keep the problems far enough away from us to carry on with our own agenda.

The final protective line that we have to protect ourselves is the right to bear arms. Without this, we have no defenses against those who mean to destroy what we now have. That being said, the right to bear arms is not necessarily the ground we need to hold in and of itself.

The most logical place to draw our line is at the county line. This creates an area small enough to defend from many different threats but large enough to enable life to continue as we wish. The ability to control the county government and the position of sheriff is where Americans need to circle the wagons.

The ability to control the local government gives the community the ability to resist any state and federal regulations and laws they see as a threat to their well being. The ability to decide what regulations to implement in the community can preserve and protect individual and property rights from outside interests that wish to destroy them. The sheriff provides the legitimate law enforcement authority within the county that can stop the enforcement of destructive policies by outside enforcers working against the community.

But why the county level? This is the last line of defense against outside forces before they get to your front door. Local government is the only level that has daily contact with those it works for and can feel the ire of taxpayers immediately and directly. By controlling the county government and sheriff, communities provide themselves with an island of sanity that they control. The county community has the ability to produce at least some of the necessities they need such as food. They have the benefit of collective security in the form of a police department and services such as medical and fire. They have the ability to utilize an alternative local currency. The community has the benefit of drawing on the skills of the community as a whole.

While most states have diverse groups that can lean left or right and tend to pull against one another, individual counties tend to have a majority of one or the other making a consensus much easier. Those leaning left will likely seek government control and solutions to problems while those leaning right will have more individualistic tendencies that steer them toward local solutions and control. It is the right of center counties that hold the best hope of maintaining a functional economy and society when the system fails in some way. Conservative communities also tend to hold more traditional values that help to maintain law and order during emergencies. The majority of liberals hold the idea that almost nothing is taboo and this allows them to be opportunists and do bad things that society holds as wrong but they see as justified leading to a breakdown in law and order many times.

It is for these reasons that the more conservative counties need to be the ground that is held against those seeking to radically change the nation. Keep in mind the problem-reaction-solution plan that the radicals in the U.S. now use to implement their agenda. By denying the radical elements a foothold in your county you will maintain individual and property rights to a larger degree. From a county level you have a legal structure to fight off unwanted attacks on liberties and freedoms that those in some circles wish to obliterate for the greater good.

This is one of the things you need to look at where you live or intend to go. You need to determine if the residents in this area are right of center and willing to defend their rights as individuals. It is in these areas that you stand the best chance to hold the line against radical change that will undermine yours and future generations.

One only needs to look at progressive areas of the country and see the governments and taxpayers being bled to death by these liberal ideas. They constantly call for more taxes and more government subsidies to maintain the system. They expect someone else to solve the inherent problems with the system as it is as they continue the status quo. The free flow of money is the only thing that keeps these areas together in good times and in desperate times when the cash flow stops they have no plan to fall back on except brute force and tyrannical rule. It is for these reasons that these locations must be abandoned to their ultimate fate.

The only way to insure stability in the future when the system breaks down is for the county institutions to be independent from outside funding sources. This requires the takeover of local government by those that understand the threat and are willing to take measures to reduce the potential damage in the crisis to come. It will depend on these people to educate the community and determine a course of action to limit the damage from a crumbling system.

Dangers are imbedded into county functions by the radical globalists on the left and the right. They make the local government dependant on outside money just as they make the individual dependant on government supports and once this takes root, it is difficult to end just as drug addicts find it difficult to stop the habit that is slowly killing them. The dealer owns the addict just as radical government entities own the recipients of government money. They know this and is the reason they fight tooth and nail to continue funding programs that do more harm than good and prove to be wasteful.

While this article deals mainly with the physical world there is another realm that must go hand in hand with these actions. Those that believe in something can endure far longer than those that believe in nothing. The ultimate victory will only happen when those who wage the good fight have made their peace with God and carry his word in their heart and wear his resolve as armor. Victory in the end must encompass the return to traditional values and rejection of the perverted lifestyles and pure evil institutions we have created. The physical land that is defended must also encompass Christian values if we are to have any future.

This is the ground that must be defended at all costs to insure the constitutional principles that made us cohesive and prosperous will continue in the future. When you ask what power an individual county can hope to wield you only need to remember this tidbit from history.

North Carolina, May 20, 1775
Mecklenburg today became the first county in America to declare its independence from Britain. The safety committee of Mecklenburg, formed to carry out the will of the Continental Congress, took this radical step in response to the British attack on colonists in Lexington and Concord, Massachusetts, last month. The committee called for the election of military officers, declared all colonial constitutions void and said that any person who accepted an office from the crown was an “enemy to his country.”

History may not repeat but it does rhyme. The county level of government is where people can make the most difference in the final outcome. Enough counties can control the state, and enough states can control the national government. This is the battle ground. This is where we need to circle the wagons and dig in for the fight that is to come and if it ends in failure at least you can say you did your best.

http://projectchesapeake.wordpress.com/

“TA is a conflicting barrage of road signs – it is not some magic absolute sure fire way to bet the markets.”

You got that right! Although I do think TA is usually helpful … at times it seems like the PTB take advantage. Every break higher should be sold and breaks lower should be bought. It’s like Opposite Town.

Affordable Jobs, Fed Screwed, Like The ‘20’s
Good Afternoon All And Vronsky Too
(Mr.Copper) Jul 24, 13:00
Just heard CNBC mention “affordable” health insurance.
I remember the first dumb media statement, starting years ago was a need for “affordable” housing.
What next do we need, that these idiots that write what’s told to us? We need?
“Affordable” gasoline. “Affordable” heating oil? “Affordable” food?
“Affordable” auto repairs? “Affordable” taxes? “Affordable” public employees? “Affordable” defense spending?
I think what we really need is an “affordable” honest currency that holds it value, and or affordable jobs. 🙂
Can you imagine a squirrel hoarding acorns for the winter? And the acorns get smaller while they sit there?
The poor little guy will need to work twice as hard and need twice as many acorns. It will also make him look greedy.

@HalfMonty 11:16
(Mr.Copper) Jul 24, 13:11 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”

I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction.
Naturally they blamed “protectionism”, not excessive easy money creation. I read they had 90% margin on stocks back then.
Everybody sustained losses, even people with bank accounts lost money. Today’s “bank accounts”? Real Estate.
Everybody will be affected by these uninsured losses. I also read all immigration was banned in 1934, just like today.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂

@CMH
(Mr.Copper) Jul 24, 13:20
That Dummy/Dollar keeps teasing us. I’m waiting, not patiently, to see it in the 70 area.
Maybe an interesting news item will push it over the edge soon.

Mr Cooper
(SeattleSun) Jul 24, 15:48
I have seen this movie before.
Exited my trading position in PM equities today.
SS

@SeattleSun 15:48
(Mr.Copper) Jul 24, 17:02 <<>>
Roger that SeattleMan, we’ve certainly seen this before many times.
I sold 3 s/t Uran positions when 2 of 3 went under water. Held my s/t MDG, MNG, NTO Gold positions. Took the RNO out on the 19th.
Its just another annoying time delay. Five steps forward and 3 steps back. Sooner or later the dumb as a stump Fed WILL drop rates and propel us imo.
Especially if they see people losing money in the stock market again. Big investor losses after march ’00, and now real estate losses building up.
They MUST be sweating this out. They usually “tap” the brakes (with words lately) on running markets.
If the brakes “lock up” on their own, the idiots WILL probably panic and drop rates.
But really, what good would it do? Buy a little more time? 🙂

@HalfMonty 11:16
(Mr.Copper) Jul 24, 17:19 <<>>
Re your:
“As for the broad market, I agree that a crash would reflect a systemic hit and perhaps would be something akin to 1929.”

I have similar thoughts for the present situation. The Fed’s roaring ’20’s inflation caused a contraction that could not be over ridden by more immigrants, like now, since they already had too many from prior decades.
Naturally they blamed “protectionism” and the Gold standard for the depression, not excessive easy money creation. I read they even had 90% margin on stocks back then. Geez what idiots, just like today with houses 110% margin.
Everybody sustained losses after the ’29 crash, even people with bank accounts lost money. Today’s “bank accounts”? Are Real Estate.
Everybody will be affected by these heavy uninsured losses. I also read all immigration was banned in 1934, just like today.
Immigrants are inflationary and deflationary at the same time. Drive up rental food tax costs etc, and drive down general wages.
I think TPTB know what we know but don’t let on. Watch what they do, not what they say. 🙂
So far they are maintaining the status quo US trade deficit with China. They’ve done exactly nothing since day one in that regard, so they MUST want that to go on until the last retail store closes up. 🙂

I remember Tim Wood from years ago when he taught me about cycles in silver.

But to the point – TA is a conflicting barrage of road signs – it is not some magic absolute sure fire way to bet the markets.

Remember when ment would say “whose ta?”

There is a lot to that as ta is conflicting – but because it is not a precision tool and because conflicting signs are always present does not mean it can not be helpful.

The old ew idea that prolonged manipulation of the markets – against the trend – cannot be sustained is now somewhat in doubt but it imo is not proved.

aurum

Technical analysis of markets begins to suspect its obsolescence

Submitted by cpowell on Tue, 2014-07-29 02:08. Section: Daily Dispatches

10:26p ET Monday, July 28, 2014

Dear Friend of GATA and Gold:

Acknowledging that the usefulness of technical analysis is increasingly doubted as market manipulation intensifies, newsletter writer and technical analyst Tim W. Wood notes today that manipulation is as old as markets themselves and quotes various authorities to the effect that manipulation cannot long defeat any market’s “primary trend.”

But Wood’s authorities all precede the seizure of absolute economic power by the U.S. government, implemented by the Federal Reserve and Treasury Department and Treasury’s Exchange Stabilization Fund — the power to create infinite amounts of money and to trade secretly in any market, power that even former central bankers now acknowledge as “financial repression.”

Wood argues that “the very basis of technical analysis is that everything is discounted into price.”

Really? So on April 11, 2013, did technical analysis forecast the coordinated and overwhelming attack on the gold market by central banks that would begin on the following day? Does the foresight of technical analysis today really extend into government chancellories as policies are decided privately and then implemented by intermediaries through various instruments and mechanisms, from derivatives to high-frequency trading?

Of course the only entities with such clairvoyance are governments themselves, and it arises not from any technical analysis but from electronic surveillance.

http://harveyorgan.blogspot.com/

yes I agree, the horizontal resistence is usually stronger than trendlines. Maybe a false breakout out causing a gap fill in the pm indexes will be something to watch

The  all time high for gdx vol so far is 2 weeks ago at weekly resistence, a down week. fwiw

Well … Barack got a Nobel Prize!

those april,june, july highs are on a trendline, wonder if it will break out?

like an upsloping ihs…

Do a search on Muslim recipients of the Nobel prize when it actually ment something. Then do a search on Jewish recipients. Every Muslim needs to know he truth.

the Muslim-in-chief ignored the fact that most Muslims lived in mud huts until western influence came along. The Saudis were herding goats and sheep until oil was found and produced by western companies. Muslims have built no great cities or societies. They simply make demands of those who created wealth.

the Sunnis and Shia have been killing each other for hundreds of years. They only stop to kill Jews or Christians. Make no mistake, Muslims are only interested in advancing Muslim causes. Jews and Christians are only usefull to advance those causes. The state of michigan is a perfect example.

rno

U.S. judge says cannot seize Kurdish crude for now

(Reuters) – A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship’s distance from the Texas shore and urged that the case be settled in Iraq.

Federal magistrate Nancy K. Johnson said that because the tanker was some 60 miles (100 km) offshore, and outside territorial waters, an order she issued late on Monday for U.S. Marshals to seize the cargo could not be enforced. She said the dispute between Iraq’s central government and the autonomous region of Kurdistan should be resolved in Iraq.

more http://www.reuters.com/article/2014/07/29/us-usa-iraq-kurdishoil-idUSKBN0FY23K20140729

Yes I’m glad the Mogambo is back as well. He came back for the moonshot! 🙂

“grown poor”

oh yea.

aint that an oxymoron we all know and hate.

Thank YOU. We could live with it for sure. But, your help is well appreciated. Thank You again!

A New Peaceful, Tranquil Mogambo?

July 28, 2014
By: The Mogambo Guru

I now belatedly realize, with crystal clarity, that being an “inert carbon blob” is a reachable goal for me. Thus, ‘tis my new plan for my remaining retirement years, since it has no age restrictions, takes no effort, and has zero cost, but, happily, does involve a lot of TV and tasty snacks.

I am re-evaluating such things now, now that my wonderful plans to be a rich champion golfer/ rich movie star/ rich love god/ rich living legend/ rich international playboy are all in utter ruins, thanks to a profound lack of any discernable talent, looks, intelligence, money or actual effort on my part.

Now that I am starting to accept my fate, I am much more serenely Buddha-like, and less concerned that the Federal Reserve and the federal government have been proven to be corrupt, treacherous liars colluding to continually deficit-spend a trillion dollars per year, using nefarious, slimy and heretofore illegal secret tactics made legal under a cancerous expansion of the Exchange Stabilization Fund, in order to desperately prevent any losses (“deflation”) in debt instruments, equity shares or housing prices, because that is where everybody’s money is.

Nowadays, I am much more calm about things, as shown by my seeming nonchalance at the evil Federal Reserve increasing Total Fed Credit by another $14 billion last week, and $12 billion the week before that, or how the monetary base jumped to over $4 trillion last week, a mighty rise of $114 billion in, as I said, One Freaking Week (OFW).

And notice my easy demeanor, instead of choking on my own vomit or my eyes rolling back in my head, at the news that 523,000 full-time jobs were lost last month.

So with my new peaceful tranquility, there is no use getting upset and sending myself into another famous Mogambo Primal Scream Of Outrage (MPSOO) at the absolute horrors to be inflicted because of the inflation in prices that will necessarily follow such massive inflation in the money supply.

And let us not forget that a MPSOO is always replete with loud obscenities, incoherent ramblings, vague death threats, inciting Thomas Jefferson as a reason to riot, take over the Federal Reserve, and get America back on a stable money supply, letting nothing stand in our way.

The usual modus operandi of MPSOO is to proceed to more death threats, anonymous phone calls, annoying emails, police being called, embarrassment at being hauled off, kicking and screaming “We’re Freaking Doomed (WFD)!” at the top of my voice, neighbors jeering, family cheering, and the unpleasantness of court-ordered psychiatric evaluations.

Cont. http://mogamboguru.com/current_issue.html

Weston … a thousand thanks for your assistance!

I’ve grown poor while waiting for the PMs to make me rich. No, I don’t have a chart for that. 🙂

@ 1:44 p.m. EDT

Probably want Ukraine to be part of Europe, because it has VALUE to Europe. Natural recourses, etc. Socialist countries are always looking for a sugar daddy to merge with.

re The EU does not have a problem with the Ukraine. the US/UK overthrew the elected government.

Comment:
You’re RIGHT. Global bankers. Centered where? I forgot. Europe (and USA) are not in control of their own destiny. The world gov’t is, and centered in London England and some say also Israel is part of the global gov’t.

I’m sure all those European countries were merged against their will, or got duped, each losing independence. The PTB make believe there is ONE Europe. There will NEVER be…One Europe.

Re your:
It is the US$ and the standard of living of Americans that is being protected.

Comment
Global dollar yes agreed. But living standards here are declining since 1975. If the low standard is being protected LATELY its because it got too low.
Imo Europe has been doing well, thanks to the US consumer and global bankers and US dollar…1945 thru 2008. Into recession with a loaf under each arm only since 2008 real estate crash.

We need the global handouts now.

OBAMA PRAISES MUSLIMS FOR HUMAN RIGHTS

Bill Donohue comments on President Obama’s remarks last night at the White House honoring Eid-al-Fitr, marking the end of Ramadan:

Last night the president said that Eid “reminds us of the many achievements and contributions of Muslim Americans to building the very fabric of our nation and strengthening the core of our democracy.” He would have done us a service had he enumerated them. “That is why we stand with people of all faiths,” he continued, “here at home and around the world, to protect and advance their rights to prosper, and we welcome their commitment to giving back to their communities.”

No, Mr. President, you do not stand with “people of all faiths” in protecting and advancing human rights. As you speak, Christians are being beheaded all over the Middle East because they are Christians, and those carrying out this mass murder are doing so in the name of Islam. Yet you continue to say and do absolutely nothing about these unspeakable crimes. Do Christian lives mean so little to you?

When I type “President Obama Speaks Out,” or “Speaks Against,” in the search engines of Bing, Google, and Yahoo, the sentence automatically closes with such objects as “Trayvon Martin,” “Kanye West,” “Fox News,” and “Bullying.” I can search in vain to find you condemning the genocidal slaughter of Christians by Muslims.

Ditto for Jews. Muslim terrorists are killing Jews in Israel and their representatives have pledged to wipe Jews off the face of the earth. Yet your administration spends most of its time lecturing Israelis to be patient. About what? Being bombed because they are Jews? Do Jewish lives mean so little to you?

No one wants you to insult Muslim Americans in the White House, but you had an opportunity to at least call on them to speak out about what their people are doing in the Middle East, and you blew it. Instead, you decided to patronize them for all their contributions to human rights.