Daily Archives: September 26, 2013

Gold and Silver Driven by US Debt Limit as 3-Week Countdown Begins

  Sep 26, 2013 By: Adrian_Ash The WHOLESALE price of gold and other precious metals touched 4-session highs Thursday morning in London, after US Treasury secretary Jack Lew warned yesterday that the government will run out of money in just 3 weeks’ time if Congress doesn’t approve new debt. World stock markets ticked lower with major government…

Guardian: Cruz “publicly reprimanded” by fellow Republican John McCain

Speaking to reporters after his speech, Cruz was unrepentant, insisting he wanted to give the American people a voice in the process. Photograph: Jason Reed/Reuters By Dan Roberts in Washington Thursday 26 September 2013 Ted Cruz’s anti-Obamacare speech exposes rift within Republican party Cruz was publicly reprimanded by fellow Republican John McCain, but the hardline conservative remained unrepentant.…

Pento: There Will Be Hell To Pay When This Tragic Collapse Begins

Today one of the top economists warned King World News that “there will be hell to pay when this tragic collapse begins.”  This is an incredibly powerful interview with the acclaimed economist, as he gives KWN readers around the world a look down the rabbit hole that central planners are taking us.  Michael Pento then…

Forget Hyperinflation — The Fed Is Now Facing The True Cost Of Quantitative Easing

MATTHEW BOESLER SEP. 25, 2013     Last Wednesday, the Federal Reserve shocked markets with a surprise decision to refrain from beginning to taper back the pace of its bond-buying program known as quantitative easing. In the press conference following the decision, Fed chairman Ben Bernanke cited the recent rise in long-term interest rates — spurred by Bernanke’s…

Biderman: Bad Data Hurting U.S. Economy

“The worst number of all is Gross Domestic Product put out by the Bureau of Economic Analysis with spending data based on a Census Bureau survey. I will bet that almost all of you viewers do not know that the initial GDP numbers are based on, and I quote, sample surveys. The Census Bureau says the estimates of consumer expenditures are based on a subsample of approximately 5,000 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms.”

John Ing: “Gold’s Bull Market Intact”

Gold: The Audacity of Hypocrisy By: John Ing | Thu, Sep 26, 2013 Unfortunately governments today wallow in the hypocrisy of politics, particularly when it suits them. America’s foreign policy is symptomatic of this hypocrisy from branding Egypt’s coup d’état as a “change in government” to the repeated bending of Mr. Obama’s “line in the sand”. Or…

Has America Been Set Up As History’s Ultimate Bumbling Villain?

Submitted by Brandon Smith of Alt-Market blog [21], The high priests of academic and “official” history love a good villain for two reasons:  First, because good official villains make the struggles and accomplishments of good official heroes even more awe-inspiring.  And, second, because nothing teaches (or propagandizes) the masses more thoroughly than the social or political lessons inherent…

Keiser Report: Trickle-Down Flamethrowers (E502)

Published on Sep 26, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss flamethrowers and jihadis in the banking world. They also note that houses in London earn more per day than the average worker in London. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the Fed’s balance sheet, housing bubbles around the world and putting lipstick on pigs.

FOLLOW Max Keiser on Twitter: http://twitter.com/maxkeiser

If all else fails, Obama will raise debt ceiling himself: analyst

September 25, 2013, 12:48 PM Reuters President Barack Obama If Congress fails to raise the debt limit by Oct. 17, could President Barack Obama step in and raise the ceiling by executive action? Greg Valliere, chief political strategist for Potomac Research Group, says Obama would do so, if faced with the prospect of a certain…

As He Clips Our Coins, Bernanke Steals A Page From Nero’s Playbook

By Keith McCullough “In 64 A.D., in a naïve attempt to deceive the populace, Nero decreased the silver content in the coins and made silver and gold coins slightly smaller” As the quote above reveals, central planners have been clipping coins and devaluing the The People’s hard-earned currency for at least two thousand years.  The Roman Emperor…

Andy Hoffman–Talk Of Tapering Is Tapering Off

Published on Sep 26, 2013

Jason Burack, co-founder of Wall Street for Main Street (http://WallStForMainSt.com), reveals in this interview the impact of the Federal Reserve’s continued expansion of the money bubble and the implications of China and Japan now being net SELLERS of U.S. Bonds. With more than half of U.S. dollars being held outside the U.S., what will happen when more countries start dumping the dollar? Find out in this interview. SUBSCRIBE (It’s FREE!) so you don’t miss part 2 coming soon!:http://bit.ly/FinanceAndLiberty

Website: http://FinanceAndLiberty.com
Like us on Facebook: http://facebook.com/FinanceAndLiberty
Follow us on Twitter: http://twitter.com/Finance_Liberty
Title and video graphics by Josiah Johnson Studios:http://JosiahJohnsonStudios.com
Our sponsor: http://www.SoundMoneyCampaign.com

Disclaimer: The financial and political opinions expressed in this interview are those of the guest and not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.

China SELLING U.S. BONDS – Jason Burack

Jason Burack, co-founder of Wall Street for Main Street (http://WallStForMainSt.com), reveals in this interview the impact of the Federal Reserve’s continued expansion of the money bubble and the implications of China and Japan now being net SELLERS of U.S. Bonds. With more than half of U.S. dollars being held outside the U.S., what will happen when more countries start dumping the dollar? Find out in this interview. SUBSCRIBE (It’s FREE!) so you don’t miss part 2 coming soon!:http://bit.ly/FinanceAndLibertyWebsite: http://FinanceAndLiberty.com
Like us on Facebook: http://facebook.com/FinanceAndLiberty
Follow us on Twitter: http://twitter.com/Finance_Liberty
Title and video graphics by Josiah Johnson Studios:http://JosiahJohnsonStudios.com
Our sponsor: http://www.SoundMoneyCampaign.com

Disclaimer: The financial and political opinions expressed in this interview are those of the guest and not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.

Peter Schiff Was Right – ‘Taper’ Edition

Published on Sep 25, 2013

When Ben Bernanke announced that the Federal Reserve’s Open Market Committee was going to continue its monetary expansion program it calls Quantitative Easing, almost everyone in the financial media was taken by complete surprise. According to the mainstream media, the non-taper “surprised almost everyone out there.” Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn, or even diminished. The Fed understands, as the market seems not to, that the current “recovery” could not survive without the continuation of massive monetary stimulus. In fact, the Fed’s next big move will likely be to increase, rather than taper, its monthly QE dosage! One reporter on this video said that its time for the Fed to take the training wheels off the economy. As I have been saying for years, QE is not the training wheels, its the only wheels the economy has. Take it away and the economy stalls. However, as the economy is now headed toward a cliff, taking the wheels off is much better than leaving them on and going over that cliff.

For more on how I knew the Fed wouldn’t taper, here’s an oped I released after the decision was announcedhttp://www.europac.net/commentaries/t…

Listen to The Peter Schiff Show
Live Weekdays 10am to noon ET on http://www.SchiffRadio.com

Friend me on http://www.Facebook.com/PeterSchiff
Follow me on http://www,Twitter.com/PeterSchiff

Buy my newest book at http://www.tinyurl.com/RealCrash