• Category Archives Civil Unrest
  • Summer Of Hate: The Arrival Of The Crisis & The Second Civil War?

    In our previous article, we discussed how our analysis of recent events in the US and elsewhere seem to be leading up to some sort of ‘Crisis Event’ that appears to correlate with some of the predictions made in Neil Strauss and William Howe’s 1997 book The Fourth Turning: What the Cycles of History Tell Us About America’s Next Rendezvous with Destiny.
    This ‘Crisis Event’ could reach a boiling point this summer as the grassroots Trump movement moves from the arenas and convention halls to the streets, where they will converge with the Soros-backed organized Left in what is already looking like a series of violent confrontations.
    In the week since we first speculated about an increase in the frequency and intensity of these violent political protests sweeping the United States, there have been some significant developments that give further credence to our assessment.

    This post was published at Zero Hedge on Jun 16, 2017.


  • The Hunt for Taxes is Global

    Taxes are the root of all evil for this is the confrontation against the people that historically leads to civil unrest and then revolution. The American and French Revolutions were over taxes. Historically, even the Roman Empire was forced from time to time to grant tax amnesty as was the case in 119AD. You even have Roman Emperors such a Trajan (98-117AD) engaging in social legislation known as the Alimenta, which was a welfare program that helped orphans and poor children throughout Italy. The Alimenta provided general funds, food and subsidized education for children. The funding came from the Dacian War booty initially. When that ran out, it was funded by a combination of estate taxes and philanthropy. The state provided loans like Fannie Mae providing mortgages on Italian farms (fundi). The registered landowners in Italy received a lump sum from the imperial treasury. In return, the borrower was expected to pay yearly a given proportion of the loan to the maintenance of an Alimentary Fund – a kickback so to speak. Taxes and social programs have been a very long time.

    This post was published at Armstrong Economics on May 5, 2017.


  • Italian Prime Minister Secretly Meets With George Soros In Rome Amid Migrant Transport Scandal

    In the past few weeks, the transport of migrants from the African shores has become a case of national importance for Italy, and is now under investigation from the prosecutor of Catania, who recently testified to the Defence Committee of the Italian Senate and will meet soon with the Superior Council of the Magistrates.
    Harsh criticism of the activities of the NGOs has come from opposition parties Forza Italia, Lega Nord and even Movimento 5 Stelle, normally more neutral on immigration issues, while Prime Minister Gentiloni has opted to let the judicial system run its course.
    Yet, a new element will further exacerbate the situation; George Soros, a billionaire who is incredibly active politically on both sides of the Atlantic, met in secrecy with Prime Minister Gentiloni, less than a week after the latter had commented on the NGOs activities. The meeting was not listed on the website of the Italian government as official and its timing is at the very least suspicious.
    George Soros had penned multiple arguments in favour of immigration, suggesting that Europe should welcome ‘at least one million refugees a year’ and that the EU should create EU-bonds to support attendant expenses.

    This post was published at Zero Hedge on May 4, 2017.


  • Selling the Golden Goose — Jeff Thomas

    Venezuela is a naturally rich nation. It’s ranked seventh worldwide for biodiversity and has the world’s largest reserves of oil. This is a country that deserves, more than most, to thrive. However, as in all countries, it passes through economic cycles and, when on a downward curve, would-be leaders take the opportunity to claim that the ‘greedy rich’ have sent the economy into a tailspin (which can sometimes be the case) and that the solution is to adopt a collectivist approach to governance.
    In 1989, Venezuela was experiencing a downturn. Riots broke out, followed by two attempted coups in 1992. The following year, President Prez was impeached for embezzlement of public funds and the red carpet of opportunity was rolled out for the charismatic former coup participant Hugo Chvez. He took office as president in 1998. A new constitution was drawn up in 1999 and, as in so many countries previously, the people enthusiastically welcomed the new collectivist regime.
    As in all collectivist experiments, the new entitlements meted out to the population had to be funded somehow and, as is customary, those who create the wealth in Venezuela were required to pay for its distribution to those who were less productive.
    In the beginning, this form of theft appears to work well and, not surprisingly, many of the supporters of Mister Chvez saw him as the messiah of the common man. Unfortunately, as is always the case, bleeding the wealth from those who create it makes it increasingly difficult for them to continue to expand the creation of it and, as the wealth continues to be drained, contraction eventually takes place, making the entire nation poorer in every way.

    This post was published at International Man


  • Poland – The Next Crisis for the EU – Independent Sovereignty is the Issue

    Poland represents a major threat to the EU. The entire idea of the EU was the propaganda that Member States would successively grow into a real Union through a longer integration process. GDP was supposed to grow, not decline, and the threat of war would vanish by surrendering sovereignty to Brussels. In reality, the exact opposite has unfolded. GDP has progressively declined and the risk of a European war has been increased with the idea of surrendering sovereignty to Brussels.
    Throughout Europe, there is a growing ‘populist’ movement especially ignited with the attempt to force member states to accept refugees when this was an unilateral decision exclusive made by Merkel to save her public image after being hard on Greece.

    This post was published at Armstrong Economics on May 3, 2017.


  • “Technology Has Changed The Game”: Why The Rise Of Robots Will Be A Permanent Deflationary Force

    Back in 2015, BofA put together a simple equation trying to explain the pervasive deflationary wave around the globe when it said that “Deflation = Debt plus Disruption plus Demographics.”
    In his overnight take on recent events, Bloomberg macro commentator Mark Cudmore took another look at this underlying assumption, and specifically the “disruption” part, or the role played by technology, and machines, both of which are reducing the need for labor (and implicitly pressuring the global labor force growth), and concluded that “while those with specialized skills can continue to earn more in a wealthier world, the rise of robots provides a significant disinflationary force on the median wage globally. This effect will be most extreme in developed economies where labor costs are already elevated. (And as an aside, is the reason why increasing inequality and populism isn’t going away any time soon).”
    Adding demographics into the mix, Cudmore notes that “the growth rate of the global population continues to slow, further relaxing consumer demand pressures over the long-term. All this means that, excluding isolated and idiosyncratic flare-ups, consumer prices won’t ramp higher in real terms” even and as “a lack of CPI growth doesn’t prevent financial-asset inflation.”

    This post was published at Zero Hedge on May 2, 2017.


  • Trump 100, Margin Debt Stock Bubble and Gold

    – Stocks and the dollar look vulnerable due to Trump’s policies, America’s civil war politics and economic vulnerability
    – Stock bubble on margin debt – ‘Powerful time bomb’
    – ‘There is no alternative’ to stock bubble? Gold?
    – Bank Of America sets a date for the market’s ‘Great Fall’
    – Even uber bull Cramer compares 2000 dotcom bubble bust to today
    – Gold to stay elevated on safe haven demand – Economist
    – Gold’s tempered climb makes gains more ‘sustainable’ Trump’s first 100 days in office have been a whirlwind but so far the ‘Trump Trade’ of being long stocks has worked for investors and speculators. Will markets continue to be so forgiving of the many foreign and domestic policy failures including the failure to repeal ‘Obamacare’?
    It is possible but we think it unlikely as many stock and bond markets, particularly U. S. markets, are now priced for close to perfection – in a far from perfect, massively indebted, volatile financial world.

    This post was published at Gold Core on April 27, 2017.


  • Stocks and Precious Metals Charts – Dear Mr. Fantasy – Precious Metals Option Expiration

    Stocks and Precious Metals Charts – Dear Mr. Fantasy – Precious Metals Option Expiration
    Another ‘risk on’ day after the French have seemingly chosen a populist neo-liberal businessman with little policy experience for their front runner.
    And our own US version of this new breed, with considerably more panache, has signaled as intention to cut the US corporate tax rate to 15%.
    If that 15% was like an Alternative Minimum Tax for corporations it might be a good idea, since so many of the big multinational corporations game the system and pay little to nothing in taxes almost every year.
    Somehow, I don’t think it is going to work out that way.
    Rumor has it that the wealthy will also be enjoying a personal tax cut.
    Trickle down tax cuts for the wealthy and their corporations do not produce broader growth and consumption. Spending huge sums on projects designed to benefit a wealthy few, while shifting the burdens of bloated monopolies like healthcare and control frauds like TBTF banking to the middle and working class, in the face of record income inequality, is a policy recipe for disaster.
    The ridiculous proposition is going to meet the unbelievable farce.

    This post was published at Jesses Crossroads Cafe on 25 APRIL 2017.


  • Past few days a fractal event for the gold market — Mike Kosares, USAGold

    ‘In the absence of a credible monetary standard, we expect no escape from the treadmill of rising debt, both US and globally, that outpaces economic growth. Income inequality, wage stagnation, overvaluation of financial assets, and speculation instead of productive investment are likely to be prolonged under the current monetary regime. Whether or not policy makers take a proactive approach to address monetary reform, the fact remains that gold is massively underpriced in all paper currencies. It would be preferable if the necessary adjustments could occur without a repeat of a 2008-like financial crisis. We give this possibility a chance, albeit slim. In any event, we expect a significant repricing of gold higher during the current administration, either by design or because of market events. Whenever a repricing happens, we expect broad grassroots support for that outcome.’ – John Hathaway, Tocqueville Funds
    The gold price is determined in the futures markets, but the effects of that determination are in the physical market, i.e., the price for bullion, coins, jewellery, etc. Those who feel that the gold market price is controlled solely by forces within the paper market do not fully understand the constraints on paper imposed by physical supply and demand.
    In a nutshell, if the paper market is successful in suppressing the price for too long and at too low a rate, the physical demand globally will eat up the physical supply and threaten the existence of the primary source of the metal – the mines. That is why top-level analysts like John Hathaway (Tocqueville Funds) often talk about the inevitability of one-off repricing events. As long as gold can be freely owned, the market at some point finds the real price of gold, reconciles the books and exposes the power of price manipulators for what it is – a temporary, staying action rather than a successful long-term program. It is the time period before that happens which presents the best buying opportunities – times like the present. The events of April 19th through today illustrate the point in a microcosm.

    This post was published at USA Gold


  • Ready, Set, Splat.

    As I write, the French stock market (the CAC 40), is doing a grand jet (up 4.5 percent!) in celebration of Emmanuel Macron’s assumed slaying of the dragon Le Pen. But that was just the first round under the interesting French election system. Consider that two other candidates who were eliminated, Monsieurs Fillon and Mlenchon, got nearly 40 percent of the vote. Are we so sure about where their voters go in the second and final round two weeks from now?
    I suspect that most Americans – even the ones who follow Rachel Maddow – are about as interested in French politics as differential calculus. Macron, 36, is a blank slate. He was finance minister under current president Franois Hollande, of the Socialist Party, but declared during the election campaign that he’s not a socialist, he only wanted to be of service to his country, and this time he ran under his own party, En Marche! He appears to represent the continuation of business-as-usual with the European Union, which seems to put him on the wrong side of history at this crucial moment – if you suppose, as I do, that the EU is so riddled with hopeless financial contradictions and centrifugal political tensions that it is unlikely to persist.
    Yet, understandably, people are reluctant to change the system they’re living under. Le Pen wants to blow the EU up, especially the bureaucracy lodged in Brussels that has become a self-serving and self perpetuating monster. Blowing up the EU would necessarily, it seems, mean the end of the European Central Bank, and with it the scams and Ponzi schemes that have provided an appearance of normality, despite an official 10.5 percent unemployment rate in France and a constant chain of public massacres by resident Jihadistas of one sort or another, some of them perpetrated by radical refugees allowed in under EU policy.

    This post was published at Wall Street Examiner on April 24, 2017.


  • Venezuela On The Verge Of Revolution As Hyperinflated Currency Crashes To New Record Low

    Venezuela, a country with only $10 billion left in reserves to run on, is in trouble. As the currency hyperinflates to new record lows against the dollar…
    James Holbrooks points out that the people are starving. The government has gone full-on authoritarian, and now desperate human beings are dying in the streets. From an Associated Press report on Friday:
    ‘Authorities in Venezuela say 12 people were killed overnight following looting and violence in the South American nation’s capital amid a spiraling political crisis.’

    This post was published at Zero Hedge on Apr 23, 2017.


  • Visualizing The Collapse Of The Middle Class In 20 Major U.S. Cities

    When future historians look back at the beginning of the 21st century, they’ll note that we grappled with many big issues. They’ll write about the battle between nationalism and globalism, soaring global debt, a dysfunctional healthcare system, societal concerns around automation and AI, and pushback on immigration. They will also note the growing number of populist leaders in Western democracies, ranging from Marine Le Pen to Donald Trump.
    However, as Visual Cpitalist’s Jeff Desjardins notes, these historians will not view these ideas and events in isolation. Instead, they will link them all, at least partially, to an overarching trend that is intimately connected to today’s biggest problems: the ‘hollowing out’ of the middle class.
    VISUALIZING THE COLLAPSE OF THE MIDDLE CLASS
    The fact is many people have less money in their pockets – and understandably, this has motivated people to take action against the status quo.
    And while the collapse of the middle class and income inequality are issues that receive a fair share of discussion, we thought that this particular animation from Metrocosm helped to put things in perspective.

    This post was published at Zero Hedge on Apr 22, 2017.


  • Past few days a fractal event for the gold market…

    ‘In the absence of a credible monetary standard, we expect no escape from the treadmill of rising debt, both US and globally, that outpaces economic growth. Income inequality, wage stagnation, overvaluation of financial assets, and speculation instead of productive investment are likely to be prolonged under the current monetary regime. Whether or not policy makers take a proactive approach to address monetary reform, the fact remains that gold is massively underpriced in all paper currencies. It would be preferable if the necessary adjustments could occur without a repeat of a 2008-like financial crisis. We give this possibility a chance, albeit slim. In any event, we expect a significant repricing of gold higher during the current administration, either by design or because of market events. Whenever a repricing happens, we expect broad grassroots support for that outcome.’ – John Hathaway, Tocqueville Funds
    ____________________
    The past few days illustrate an important event in the gold market that both beginning and accomplished investors should try to understand thoroughly. I say that because by such an understanding you will become a more educated, patient and successful gold owner.
    On April 19th, over $3 billion in paper gold was sold in the London over-the-counter market instantaneously dropping the gold price by $14 per ounce in a matter of minutes. Just as quickly, the cries of foul play rose among gold punditry across the internet. Just before the ‘hit’ gold was trading in the $1286 range. It plunged to $1272. Since early this morning’s AM London Fix, gold has been recovery mode and it is now trading again in the $1286 range. Except for those who took the drop as a buying opportunity, these events will be seen essentially as a sound and fury signifying nothing. At the same time, quietly the notion of gold’s indestructibility has been reinforced, not so much with respect to its physical qualities, but with the place it occupies in the minds of investors across the globe. The recovery today in a certain sense is a fractal event in both amplitude and duration – a hint of a greater manifestation that might be coming down the road in the not too distant future.

    This post was published at GoldSeek on Friday, 21 April 2017.


  • America’s financial war strategy

    Abstract
    America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the geopolitics and economics behind America’s war strategy from China’s perspective, concluding that it is entering its final phase. China’s exit plan appears to be to tie the pricing of energy and then other major commodities to gold, returning to the pre-1971 status quo, when the dollar was just a settlement link between commodity prices and gold. Except this time, the dollar itself will be side-lined, so far as China is concerned, which will use the yuan instead for its empire, which will be far larger than that of the US in time, measured by GDP.
    Introduction
    The day President Trump assumed office, it appeared that at last there would be dtente with Russia, leading to America’s withdrawal from unwinnable conflicts and towards a new peaceful agreement between these long-term enemies. However, within the traditional presidential bedding-down period of one hundred days, Trump has gone from his electoral platform of disengagement from foreign ventures to overt aggression in multiple locations.
    Something major has changed his thinking. Trump has committed no less than five acts of foreign aggression in that short time, with a sixth pending. The first was a joint operation with Emirati commandos in Yemen, which backfired, leading to the death of a Navy SEAL. The second was the recent attack on a Syrian airfield, in response to an alleged poison gas attack. The third is the escalation of military threats against North Korea. The fourth is the bombing of a cave network in Eastern Afghanistan. And the fifth is the deployment of more troops to Northern Iraq and Eastern Syria to step up the fight against ISIS. The rhetoric is also being ramped up against America’s long-term bogeyman, Iran.
    The three theatres of war that offer the best prospects for further escalation are Syria, Korea, and Iran. They are in two regions where significant quantities of dollars are owned and invested, offering the potential for capital flight, which should be kept in mind, when reading this article.
    Trump is also seeking congressional approval for an increase in defence spending totalling $54bn, a massive increase which, to put it in perspective, compares with Russia’s total defence budget of $66bn.
    The default assumption is that American military power and weapons technology guarantees battlefield objectives will be achieved. This hasn’t usually been the case since the first Iraq invasion in 1990. Since then, any initial success has been more than outweighed by subsequent failures and unintended consequences. It is because of American-led operations in Iraq, Afghanistan, Libya and Syria that Europe is flooded with refugees, bringing undercover terrorists with them. There can be little doubt that a dispassionate analyst would recommend America abandons military action, so there must be other reasons behind America’s war-mongering.
    China, itself a long-time strategic target for American aggression, is sure to be worried about the escalation of threats to North Korea, and with good reason. In terms of trade, South Korea is now an important trading partner, and for that reason, China will not want to see the situation on the Korean peninsula deteriorate. She will also not want America securing territory which abuts her border. Russia has a small border with North Korea as well and is likely to share that view. However, Russia’s trade is not so much with South Korea, but she is a major arms supplier to the North.

    This post was published at GoldMoney on APRIL 20, 2017.


  • Here’s Italy’s Latest Plan B Where Desperation Meets Insanity

    Selling securities backed by defaulted loans to NIRP refugees.
    Nerves are beginning to fray in Italy’s banking sector, as pressure rises on the worst hit banks to remove the most noxious elements off their books – most likely at big discounts that will further impair their balance sheets. On Saturday Italy’s finance minister, Pier Carlo Padoan, begged the ECB for more time for the banks to clean up their act.
    ‘We cannot demand that suddenly banks offload their NPLs, because this could be potentially destabilizing, especially if the problem involves several banks in the same banking system,’ Padoan told a news conference.
    By ‘several banks,’ Padoan means perhaps the 114 banks, of the close to 500 banks in Italy, that have ‘Texas Ratios’ of over 100%. The Texas Ratio, or TR, is calculated by dividing the total value of a bank’s non-performing loans by its tangible book value plus reserves – or as money manager Steve Eisman put it, ‘all the bad stuff divided by the money you have to pay for all the bad stuff.’

    This post was published at Wolf Street by Don Quijones – Apr 13, 2017.


  • The Real Dangers Behind The Syrian Crisis Are Economic

    Back in 2010/2011 when I was still writing under the pen-name Giordano Bruno, I warned extensively about the dangers of any destabilization in the nation of Syria, long before the real troubles began. In an article titled Migration Of The Black Swans, I pointed out that due to Syria’s unique set of alliances and economic relationships the country was a ‘keystone’ for disruption in the Middle East and that a ‘revolution’ (or civil war) was imminent. Syria, I warned, represented the first domino in a chain of dominoes that could lead to widespread regional warfare and draw in major powers like the U. S. and Russia.
    That said, my position has always been that the next ‘world war’ would not be a nuclear war, but primarily an economic war. Meaning, I believed and still believe it is far more useful for establishment elites to use the East as a foil to bring down certain parts of the West with economic weapons, such as the dumping of the U. S. dollar. The chaos this would cause in global markets and the panic that would ensue among the general public would provide perfect cover for the introduction of what the globalists call the ‘great financial reset.’ The term ‘reset’ is essentially code for the total centralization of all fiscal and monetary management of the world’s economies under one institution, most likely the IMF. This would culminate in the destruction of the dollar’s world reserve status, its replacement being the IMF’s Special Drawing Rights basket currency system.
    Eventually, the SDR basket system would act as a stepping stone towards a single global currency system, and its final form and function would probably be entirely digital. This would give the globalists TOTAL push-button control over even the smallest aspects of normal trade. The amount of power they would gain from a single centralized digital currency system would be endless.

    This post was published at Alt-Market on Wednesday, 12 April 2017.


  • So Many Triggers — Jeff Thomas

    Those who remove their money from banks (both deposits and safe deposit boxes) may stand a better chance of not losing it.
    Those who have a pension can expect to lose the income, but those who have an IRA or similar fund can transfer it into a gold IRA in a foreign country that’s less exposed to the Western powers.
    Those who own stocks and bonds can choose to liquidate them and invest the proceeds in real estate and precious metals in a country that’s less likely to be affected.
    Those who live in an affected country can expect to be facing, at best, civil unrest following a crash and, possibly, riots or even revolutionary activities. But those who secure alternate legal residency and/or a physical address abroad may be able to step away from the fray before it impacts them directly.
    At this point, the writing is most vividly on the wall. The degree to which the individual is spared the effects of the coming debacle will depend directly upon the degree to which he has removed himself from the system beforehand.

    This post was published at International Man


  • Iowa State Snowflakes Upset Over Prisoner Wage Rates; It’s “Modern Day Slavery”

    On Friday about 40 protesters at Iowa State University demonstrated against the school’s use of prison labor ‘to acquire furniture.’
    According to the Iowa State Daily, the group ISU Student Action organized the event because ‘prisoners may be paid as little as 15 cents per hour’ … apparently not considering the fact that these laborers are incarcerated.
    ‘Iowa prison industries should be more interested in reform and community change, but are instead interested in profiting off nearly-free labor,’ said biology major Apple Amos.
    Amos and fellow activists said prison labor is ‘modern day slavery’ and demanded ISU students ‘hold [the school] accountable’ for its relationship with state hoosegows.

    This post was published at Zero Hedge on Apr 10, 2017.


  • Did Trump Surrender to Deep State or is this a Civil War?

    There is a civil war going inside the White House. There is the Steve Bannon clash with the president’s son-in-law, Jared Kushner, who’s taken on an increasingly prominent portfolio in the West Wing. Bannon has complained that Kushner and his allies are trying to undermine his populist approach and institutionalize Trump. I was concerned about this possibility because it was Kushner who brought in Goldman Sachs.

    This post was published at Armstrong Economics on Apr 10, 2017.