The New Beverly Hills: Riyadh Overruns Rodeo Drive

When the lipstick runs out, that pig is going to be REALLY ugly!

rno

Heed the Warnings …

Mike Savage, ChFC Financial Advisor

2642 Route 940 Pocono Summit, Pa 18346

I came across an article last night that explains well why I am so sure that we here in the US are on borrowed time economically just like our friends in Japan and across Europe. Many times I have said that our debt is an albatross much like we are seeing in Japan and Europe even though the prevailing sentiment is that the US is recovering.

Of course, all the major media outlets are trumpeting the “fact” that our deficits are being reduced and that good times are right around the corner. This has been the mantra for the last three years.

Let’s forget for a moment the reported numbers for inflation, unemployment, etc. and focus on a report by the US Treasury itself. I don’t believe this is a report that anyone wants to get out so it was released on Wednesday November 26, the afternoon right before our Thanksgiving holiday. I don’t believe any more than a mention would have taken place if it were a Monday morning anyway because this shows our true state of affairs and does not fit in with the recovery story at all.

I would not have found this out myself if I didn’t see it on David Stockman’s Contra Corner website. This was reported by Terrence P. Jeffrey at CNSNews.com:

“The US Treasury has been forced to issue $1,040,965,000,000.00 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government”.

Let that sink in. Even with $341 billion in revenues the Treasury was forced to conjur up over a trillion dollars in 8 weeks to pay current bills and retire maturing debt because there are no assets to pay it off.

Does this sound like we are being fiscally responsible or at best reckless?

You may be asking how I could say we have no assets to pay off our current spending and bills. I will refer to a Senate Financing committee testimony by Jack Lew, Treasury Secretary on October 10th. of 2013 which will explain it better than I could. “Every week we roll over approximately $100 billion in US bills”, Lew told the committee. “If US bondholders decided that they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate our entire cash balance.” “There is no other plan other than raising the debt limit that permits us to meet all of our obligations”, Lew said.

Let THAT sink in. It is my opinion that we have no hope other than going deeper and deeper into debt which has gotten us to where we are today.

We are now “printing” money to pay current bills and retire maturing debt at a clip that, if it stays the same for a year, would equal over $6 Trillion dollars!

The “deficit is decreasing” line appears to me to be a mirage and is meant to get people to feel better but it is worse than an illusion because an illusion is meant to amuse while this is meant to deceive.

Many people are going about their business and making decisions based upon the belief that a recovery is right around the corner and that we are out of the woods economically. This information, in my opinion, makes a strong statement that the truth is the crisis of 2008 is not over- just postponed to a later date and those that fail to take action soon may find themselves unable to protect themselves when the reality of this situation presents itself.

What are governments doing? Many are asking for gold that is being held in foreign countries to be brought home. (Denmark, Germany, France, Venezuela to name a few.) Many, like Marine LePen, opposition leader in France, are asking for audits on the French gold to make sure it actually exists as it is being reported.

Russia, China, India and many other Asian and Arab nations are buying as much gold as they can get their hands on. (King World News many reports including Stephen Leeb 8-26-2014)

I recently read a report by Jim Rickards that included statements by the International Center for Monetary and Banking Studies, ICMB in its annual “Geneva Report” said:
“Contrary to widely held beliefs, six years on from the beginning of the financial crisis… the global economy is not yet on a deleveraging path. Indeed, the ratio of global total debt…over GDP has kept increasing …and breaking new highs.” “The report then goes on to warn about the “poisonous” impact of that debt today.” –Rickards

More from Rickards … “The message is impossible to ignore. The world’s most powerful financial institutions and think tanks, the BIS, G-20, ICMB, IMF and the Fed are all warning about excessive leverage, asset bubbles, slow growth and systemic risk.” “Are the global elites trying to tell you something? Actually, no. All of these reports and press releases noted above are written in highly technical language and were read only by a relatively small number of expert analysts.” “The power elite were not signaling you- they were signaling each other”.

Quote from the BIS – “Time and again … seemingly strong balance sheets have turned out to mask unsuspected vulnerabilities”.

Quote from the G20 – “We are mindful of the potential for a buildup of excessive risk in the financial markets, particularly in an environment of low interest rates and low asset price volatility.”

Quote from the IMF – “Downside risks arise from … increased risk taking amidst low volatility in financial markets and heightened geopolitical tensions.”

“These elite warnings serve another purpose in addition to giving fellow elites a heads-up. They insulate politicians and officials from blame after the crash. When the collapse comes, you can be sure that the BIS, G20, IMF and the rest will point to the statements I just told you about and say “See, we told you it was coming. Don’t blame us if you didn’t take action.”

Anyone wondering about Rickards qualifications – the CIA called him in to do a “financial war game” simulation and he was called to help resolve the LTCM (Long Term Capital Management) debacle that almost brought down the financial system in the late 1990s.

There is plenty of evidence that now is not the time for complacency but it is time to be ready for anything… Be Prepared!

RNO – “My friends and family grew weary of my “sky is falling” behavior.”

That’s funny, REALLY FUNNY. I’ve grown weary of my own “sky is falling behavior”!

Auandag – Good article. No question this country is completely nuts.

In Kenya, police kill suspects with near-impunity

NAIROBI, Kenya (AP) — In Kenya, where the police have long been known to harbor death squads, evidence mounts that many ordinary cops on the beat have turned into killers — doling out death to terror suspects, civilians, even children.

And shakedown victims like three cable guys who, on one hot day on a dusty street corner of a sprawling Nairobi slum, pleaded with police for a break.

They earned their living installing pirated cable, giving locals an illegal discount on Latin American soap operas and British soccer. But earlier that day, two plainclothes officers had confiscated their equipment, demanding a bribe for its return.

The police wanted 50,000 Kenyan shillings, roughly $550. When the cable guys said they only had $230, the officers threatened them, said Mohammed Gulow, the oldest of the three.

“He told us we are going to see fire and returned to the car,” said Gulow, 34. “We soon saw fire.”

The officer rolled down his window, aimed a pistol and shot twice, according to Gulow and his buddy, Adan Hussein. The first bullet hit Aliyow Alinoor and sent him reeling through a shanty door. The second bullet caught Hussein in the arm, shattering the bone.

more http://apnews.myway.com/article/20141205/af–kenya-killer_cops-f2ea39e0e0.html

Dow 7 straight weeks up and a new record Hi close.

Rates look a little perky here, nothing that unlimited selling won’t cure, next week

PM’s all well off their Hi’s and no Weekly upside Key Reversals…..plus good selling on the close to make ’em look crap.

Oil…through the floor…take that Vlad…… you moronic Russky peasant, who do you think you are, get back in yr box.

We rule the World

Don’t know about the other cases but what he did should have been arrested and a jury of his peers most likely less all cops would most likely find him guilty. I bet that’s why they didn’t and probably don’t wasn’t it getting out who’s instructing him. If people should rally against the gov this is one case it should be. As long as it’s not their houses that don’t get burnt down but more innocent victims their not going to worry about it, just more collateral damage. . Not saying they need to riot or burn down, but if they rally they should rally on THEIR front doors and maybe then they’ll worry about it.

I don’t know if it’s a race war so much but can’t argue people can think that way. Blacks do get a bad rap because of  other blacks. People tent to exaggerate and put things in categories and labeling. Think is more a war on injustice and since the majority of this injustice handed out is by whites but as we know gov whites idea of justice when their decisions are sociopathic like the cop who had plenty of time to release a choke hold he didn’t even need to do should have been indicted. I think many blacks are aware of that now and some even realizing it’s happening to everyone. But more so the blacks who I think target the poor as a test subject for the rest of society and why if they victimize one race and get away with it they victimize all. I know a nurse who’s son is Italian who was subject to brutality and when she interviewed the arrested her for obstruction justice which she’s proud of lol On the other hand I know a white guy who was railroaded over race bias by minority prosecutor Mexican and minority public defender and a corrupt judge using him to advance her career any playing minority preference at whites expense. So when whites are moving away from this discrimination some minorities as well as some whites who maybe have a guilty conscious or only concerned with themselves are capitalizing on it. The gov may be part of it but majority of white are not.  Blacks are the test subject. Yes there should be some responsibility to teach but are caught up in this massive hatred that the gov is creating do to one injustice after another so they start looking at it all as injustice and don’t trust.

Chokehold cop had been sued THREE TIMES before Eric Garner’s death for violating constitutional rights of blacks

Read more: http://www.dailymail.co.uk/news/article-2861935/Chokehold-cop-sued-THREE-TIMES-Eric-Garner-death.html#ixzz3L3VkPfxy

Thanks that’s good news. 🙂

Agree with you completely. The country has been splintered politically and destroyed economically. And now it seems obvious that they are trying to stir up a race war. One of my sons has been so brainwashed by the media and his “university” education that he is tweeting nonsense by day and marching on the streets of Oakland by night. And yet it seems these “protestors” (vandals?) have nothing constructive to offer, only hatred and envy. They just want to “shut it down.” God help us.

Our friend Farmboy is alive and well. And no, there was no ransom note that told me that! He’s been very busy with his family and told me he will post some time next week probably. He sends his greetings to all !

Yeah  abusing and getting away with it to desensitize the masses and create fear. Fear never works, it’s not a substitute for respect. Something that bullies who don’t know any other way mistake when it’s really stupidity. Fearing a serial killer is not respect.

They are just a using American citizens as practice preparing for civil unrest and martial law. Remember when the question came up would soldiers fire on their own people. Well we know one thing, cops will.
While under Obamas watch this was posted.
2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a “battlefield.” The NDAA allows the suspension of habeas corpus, indefinite detention, and the assumption that any resident may be considered an enemy combatant. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.

Just another attack on the constitution. So when do the people claim treason ” making war on their own citizens on these users and kick them to the curb who are at the same time profiting off the citizens every time they buy something or pay taxes.
Blacks need to realize Obama is not their friend. I told a black on Obamas claim people should get educated and wasn’t for looting at Ferguson that yeah educated on what the gov is doing behind their backs not just the front they give. To see the forest before the trees. He couldn’t argue with that.

A lot of folks have weighed in on this issue. I’m still waiting on someone who has been in the situation of having to make the decision, make it stick, and live with the results.

i have yet to see anyone blame the parents for raising thugs. I wonder if they were involved in his education. I don’t recall seeing many working people demonstrating. It seems the drones are running the beehive but what happens when all the workers become drones?

My friends and family grew weary of my “sky is falling” behavior. Most are in debt up to their ears and are going to lose everything they own. Some are beginning to see the light but have little resources to employ.

tptb have suddenly woke up to the vulnerability of our electrical distribution and health care systems. Not one single moron has suggested closing the borders to extremists and sick people.

the perfect storm is here when strong armed robbery is approved by the press, politicians and parasites.

rno

https://www.youtube.com/watch?v=rfU3hI8ML30

 That article brought back the memory of the Sandy Hook Hair Salon and it’s logo. Shh… Meaning keep your mouth shut everybody if you know what’s good for ya. Even the colors look satanic. Black back round a red hand with a heart carved in it.

http://www.mrci.com/pdf/eu.pdf

http://www.mrci.com/pdf/dx.pdf

gold and silver are doing an expected retracement into the big reversal up for confirmation. 1180 and then 1160 should be good support. I pulled the trigger today on my silver phiz purchase.

rno

http://www.mrci.com/pdf/dji.pdf

Why arrest him in the first place? A simple summons should have sufficed, imo. The other consideration is that you can’t prove that the cig that he was allegedly selling was untaxed. Once out of the pack one can’t tell.

Yes, almost impossible now, with the alternative media infiltrated and compromised almost as badly as the MSM. Americans are like a guy in a dark room with a blindfold on, being knocked about by blow after blow, and unable to see who’s hitting him, so he strikes out in every direction, gets nothing done, and looks like an idiot.

Easily the most balanced piece I have seen yet.

Snip: “In Ferguson, the law enforcement case is far more straightforward than the racial complexities. A white cop put 10 bullets into the body of an unarmed black youth with whom he was wrestling for control of his gun. The cop succeeded in wresting the gun from the youth and then proceeded to kill him. Once the cop had control of the gun and the youth had been immobilized, all additional gun firing is criminal. That the youth was the aggressor does not diminish the cop’s obvious criminal overuse of deadly force.

The grand jury — whose job is merely to certify that the state has enough evidence to justify the charges it seeks to present against a given defendant — was subjected to the type of evidence that only trial juries hear, including a soliloquy from the cop himself and all the exculpatory evidence the prosecutor could find.

Prosecutors often loathe and sometimes even hide exculpatory evidence, but this county prosecutor must have been afraid to seek an indictment, and so he shrewdly manipulated this grand jury out of its role of determining whether the state had probable cause to try the cop and into the role of a trial jury, which is to judge whether the state has proved guilt beyond a reasonable doubt.

If the feds now come along and indict the cop on federal charges, they would be correcting the error and perversion of the grand jury. This would not be double jeopardy as in the King case, because the cop in Ferguson has never been charged on the basis of the facts in this case.

Would we even know of this case if both the cop and the youth had been of the same race? Probably not.

The long and unhappy history of race relations in America now has another fiery chapter with more tragedy. The tragedy is the result of the governmental use of race as a basis for decision-making. When cops are hired because they are white, when police suspect criminal behavior on the part of youth because the youth is black and then act on those suspicions, when a predominantly black populace feels — however accurately or inaccurately — that it is being treated unfairly by the government and the government fails to address this perception, when hucksters and scumbags who are drawn to these conflagrations use racial vulnerability to rob and pillage and arouse and destroy, and when the sides are arrayed along racial lines, the government has failed to protect the liberty and property of the people it was hired to protect.

The failure in Ferguson is across the board. From a city government whose police force makes its minority populace feel vulnerable and defends an unnecessary public killing by one of its cops, to a county prosecutor afraid to take responsibility for a proper public prosecution, to a governor missing in action, to a president who sounds like he wants to federalize police, we have an out-of-control stewpot boiling over into a wave of destruction.”

http://www.unz.com/anapolitano/ferguson/