Carlos Slim sells silver, Mexican Central Bank Buys Gold

The Mexican central bank, which employs a few individuals who are somewhat familiar with carlos Slim since he is tje wealthiest man in mexico and the world according to forbes, has recently bought $100b in gold, mimicking BRICS in advance of a probable shift to a mixed basket of currency by 2018 or sooner.

The precious metals are climbing in value while the dollar sinks. Central banks and investors are selling their dollars and buying other currencies and or gold, and silver to secure thier wealth for fear of an American economic collapse

Clipped from blogs.barrons.com

Pressure Builds: CME To Hike Silver Rates 4th Time; Carlos Slim Selling

Separately, billionaire Carlos Slim has been selling silver futures to hedge the production of his silver mine, CNBC is reporting this afternoon.

The report comes after today’s WSJ story detailing how several big hedge fund managers such as George Soros have been moving out of silver and gold. Read more at blogs.barrons.com

 

Bin Laden Down, #tbtf banks are next

US banks have the world hostage to their gambling and greed. They must be broken up and federal policy should stimulate localized community banks to support small business and individuals

Clipped from www.telegraph.co.uk

Kansas City Federal Reserve Bank President Thomas Hoenig calls for Wall Street banks to be broken up

See more at www.telegraph.co.uk

 

Wind farms excess power @reworld

Hmm. Seems like a more effective use of those funds could be devised.

Clipped from breakingnews.heraldscotland.com

Row after wind farms 'turned off'

Six wind farms were given six-figure payments to switch off their turbines because the Scottish grid network could not absorb all the energy being produced Read more at breakingnews.heraldscotland.com

 

Bin Laden Death Reflection on #peakoil

Clipped from www.energybulletin.net

The death of Osama bin Laden and the threat of peak oil

With the death of Osama bin Laden, can America now face threats to our future more dangerous than Al Qaeda -- peak oil and climate change?

If you can get past the civics class platitudes, this would make a fine speech on the national security challenge that the US faces from peak oil and climate change too.

But if there's any greatness left in Americans at all, we must apply the inspiration of Obama's words to preparing our communities for a lower energy future and cutting carbon emissions in our own lifestyles so that we can stop being the main cause of the problem and instead become part of the solution. Read more at www.energybulletin.net

 

Obama Tactics for a Balanced Budget

Nice move. Will it work?

Clipped from www.reuters.com

Factbox: Five facts about CIA director Leon Panetta

* Panetta, 72, is a long-standing Democrat who made his mark in Washington with success in cutting the federal budget deficit during the 1990s.

Clinton appointed him to head the Office of Management and Budget where he helped shape Clinton's 1993 budget agreement that raised taxes and moved the country on track to balance the budget.

He quit the Republican party and became a Democrat in 1971 and was elected to his first term in Congress in 1976 Read more at www.reuters.com

 

WTF? Fed lending to non-US central banks

Is this really what the Fed has been doing over time, lending to other central banks of sovereign nations?

Clipped from rt.com

Federal Reserve lent to Gaddafi-owned bank

Between September and November of 2008 the Arab Banking Corp. borrowed hundreds of millions of dollars from the American central bank at outrageously low interest rates.

Overall, during the same time frame 22 foreign-based banks borrowed $56.6 billion from the Fed on at least 42 separate occasions.

These revelations have infuriated some lawmakers. Independent Senator Bernie Sanders has written Fed chairman Ben Bernanke asking why the bank lent funds, especially at such low rates and in such large amounts, to foreign firms. Sanders explained he is especially concerned by the Fed’s lending to Arab Banking Corp. Read more at rt.com

 

Windfall profits tax for big oil & banks

http://en.m.wikipedia.org/wiki/Windfall_profits_tax

 

 

Look at how this was used in American history

Hemp rejuvenates local economies

Imagine if it were legal for recreational purposes nationwide, cities could get their budgets back

Clipped from m.gazette.com

Medical marijuana tax collections taking off

Sales of medical marijuana and marijuana-laced products in Colorado Springs — which topped $1.6 million in April alone — are generating tens of thousands of dollars in revenue for the city. Read more at m.gazette.com

 

Why isn't US media covering this?

Because it would cause massive protests?

Clipped from www.youtube.com

Paying for Pentagon: Tax $$$ fuel wars as cuts go deeper

See more at www.youtube.com

 

1979 Oil Crisis Repeated #peakoil #imf

Saudi, Iran, China, Brazil, India, Russia, France all want to stop using the dollar for oil trades and China is dumping USD.

Would NOW be a good time to go to solar and wind?

What happens to USA economy when oil isn't traded in USD? China dumping USD #IMF #SDR @ezraklein @chrislhayes @maddow

Clipped from www.independent.co.uk

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Read more at www.independent.co.uk

 

China Dumping USD @maddow @ezrakein

Why is this not in the major US media? This is HUGE news.

Clipped from www.zerohedge.com

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings

All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy US debt" Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that "end of QE" again? Read more at www.zerohedge.com

 

Collapse of Industrialized World

This is a great film that should be understood by most and should not be construed as the liberal media agenda. National Geographic should be a trusted source of what's going on in the world.

Clipped from movies.netflix.com

National Geographic: Collapse

This National Geographic production looks ahead to a bleak hypothetical future, in which our civilization has completely collapsed. In the year 2210, a team of scientists set out to learn exactly what took down our seemingly indestructible society. Did we make the same mistakes the Romans, Incas and Mayans did that led to the collapse of their empires, or did a whole new set of circumstances lead to our downfall? Read more at movies.netflix.com

 

Fossil Fuel's Last Ditch Effort #peakoil

Oil and gas companies that refuse to accept the finiteness of the resources they plunder are making every effort to stall the transition to renewables. What they fail to realize is that stalling with mean their demise will come even faster.

See Michael Ruppert's "Collapse"

Clipped from www.guardian.co.uk

Fossil fuel firms use 'biased' study in massive gas lobbying push

Industry urging governments and business to reject renewables in favour of 'green' shale gas • Is shale gas as green as the companies say? Read more at www.guardian.co.uk

 

Energy Driven Crisis in USA #peakoil

Of the six US recessions since 1970, all but the "9-11 year 2001 recession" have been linked to—of not triggered by—energy prices that crossed the 6 percent of personal consumption expenditures, he said. (During the shallow 2001 recession, energy prices had risen to about 5 percent of spending, which is higher than the long-term 4 percent share.)

Clipped from m.cnbc.com

Killer Combo of High Gas, Food Prices at Key Tipping Point

The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners. Read more at m.cnbc.com

 

Inflation is MUCH Higher than we r told

It seems that Reagan and his administration did a swell job of destroying the nation and fooling at the same time.

Clipped from www.shadowstats.com

Alternate Inflation Charts

See more at www.shadowstats.com

 

S&P US Outlook An Opportunity #peakoil

Opportunity to cut military expenses by $300-400B, and invest $100B or so in solar and wind infrastructure. China and Germany are WAY ahead of us and #peakoil is COMING!!

Clipped from www.zerohedge.com

STUNNER: S&P REVISES US OUTLOOK TO NEGATIVE

Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable. Read more at www.zerohedge.com

 

#peakoil coming sooner than u think

Watch Michael Ruppert's "Collapse" and then reread this article

Clipped from www.businessinsider.com

Why The Decline In World Oil Supply Will Be Faster Than Anyone Expects

See more at www.businessinsider.com

 

Saudi Vs. Iran in New Cold War #peakoil

Lets see, Saudi is probably running out of oil while Iran is fully stocked. China and Russia are investing in Iran and the US is heavily invested in the relationship with Saudi, as they own US treasuries, US assets, and are the backbone for US oil imports.

We are in Iraq with a permanent force of 50,000. Perhaps the Bush-Cheney-Rumsfeld plan was to secure a source of oil all to itself since the rest of the middle east is set on destroying itself.

Neither Iran nor Saudi are democracies but unrest in Egypt, Tunisia, Yemen, Libya, Bahrain, etc is driven by high food prices which relates to climate change and peak oil.

Things that make you go hmmmm.

Clipped from www.wallstreetjournal.com

The New Cold War

There has long been bad blood between Iran and Saudi Arabia, but popular protests across the Middle East now threaten to turn the rivalry into a tense and dangerous regional divide.

For three months, the Arab world has been awash in protests and demonstrations. It's being called an Arab Spring, harking back to the Prague Spring of 1968.

See more at www.wallstreetjournal.com

 

Oil Spike Good 4 Local Farmers #peakoil

Yes! Down with Corporate farming! Soon we will only be able to buy local in season items. The challenge will be for people who live in areas where local food is not an option.

Clipped from www.businessinsider.com

If the price of oil continues to stay high, we are going to see much higher food prices and some forms of food production will no longer make economic sense at all

Image: kylewith via Flickr The price of oil may be the biggest factor on this list.  The way that we produce our food is very heavily dependent on oil. The way that we transport our food is very heavily dependent on oil.  When you have skyrocketing oil prices, our entire food production system becomes much more expensive. Source: NPR Read more at www.businessinsider.com

 

WW3 - Saudi Arabia vs. Iran #peakoil

If Saudi runs out of food and oil, then Iran will be stronger than ever.

Clipped from www.businessinsider.com

It is being projected that there will be no more wheat production in Saudi Arabia by the year 2012

Due to a lack of water, some countries in the Middle East find themselves forced to almost totally rely on other nations for basic food staples.

See more at www.businessinsider.com