[Most Recent Quotes from www.kitco.com]

DATELINE: August 25, 2016

DEheadlines_orig

The High Cost of Prescription Drugs in the United States
Per capita prescription drug spending in the United States exceeds that in all other countries, largely driven by brand-name drug prices that have been increasing in recent years at rates far beyond the consumer price index… (Continue to full article)

The Fed Is Not As Powerless As They Pretend
While it might be desirable to rely on a more known tool for monetary policy, it is wrong to imply that there is nothing more the Fed can do to boost growth… (Continue to full article)

Someone Puked $1.5 Billion Of Notional Gold
Over 10,000 contracts dumped in 1 minute… “normal”… (Continue to full article)

Too Much Money, Not Enough Gold
When you compare the price of gold to the monetary base, the ratio is at an all-time low. What does this mean?… (Continue to full article)

Wikileaks E-Mails Show Hillary Looked Into Parkinson’s Drug After Suffering From “Decision Fatigue”
Emails released by Wikileaks show that Hillary Clinton looked into a drug used to treat sleepiness and Parkinson’s disease after she apparently began suffering from “decision fatigue” back in 2011… (Continue to full article)

A Single Payer Healthcare System Is Inevitable
It has been our learned opinion that Obamacare was ALWAYS meant to fail – in order to bring about the ‘Single Payer Option.” Option my azz!!! (Continue to full article)

New Home Sales Surge Back to 1995 Levels
And the income level for the average “buyer” is about equal to that of 1995. OOPS – but the 1995 dollar doesn’t buy what it could in ’95. Oh well… (Continue to full article)

Another $4 Trillion Needed To Save Rotten System
In the words of Anthony Hopkins’ character in the film, ‘Legends of the Fall’- “Scroo-’em!“… (Continue to full article)

Could Reviving a Defunct Banking Rule Prevent a Future Crisis?
Presidential candidates and politicians are touting Glass-Steagall regulation as a solution to the risks posed by big banks. Experts on financial regulation and economists share their thoughts on bringing it back. YUP – it will sure enough strip the banks of their abilities to “Scroo-us” by pretending that they are “Brokers”… (Continue to full article)

Need-to-Know Tips for Safeguarding Your Precious Metals
The first thing to do is SHUDDUPABOUTIT!… (Continue to full article)

Precious Metals and Financial Blasphemy, Part 2
Hedging against a currency collapse is one of the primary reasons to hold precious metals is physical form… (Continue to full article)

Gold Watch: A Decisive Break Above $1,400/ozt Will Signal Start of Major Advance
A decisive break above $1,400 an ounce could be just around the corner and, to my mind, would signal the start of gold’s next major advance… (Continue to full article)

Chick Corea and Bobby McFerrin (Montreux Jazz Festival 2001)

Chick Corea and Bobby McFerrin play a medley of experimental and playful jazz melodies at the Monteux Jazz Fest in 2001.

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Posted in Double Eagle Headlines | Comments Off on DATELINE: August 25, 2016

Dateline: August 23, 2016

DEheadlines_orig

Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”
“Large-scale asset purchases and forward guidance about the future path of the federal funds rate have almost no ability to offset a shock in current circumstances, but down the road may be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in some, but not all and maybe even not most, circumstances.” Sorry Janet – please stop Yellin’… (Continue to full article)

Proof Positive the “Recovery” is a Myth
If jobs growth is so great… why has this number been FALLING since 2012?… (Continue to full article)

Grant: “This Will Turn Out To Be Very Bad For Many People”
“The stock market is at record highs and the bond market is acting as if this were the Great Depression… the Fed is virtually a hostage of the financial markets. When they sputter, let alone fall, the Fed frets and steps in… the Fed is justified in that belief because it is responsible to a great degree for the elevation of financial asset values… and to me, gold is a very timely way to invest in monetary disorder.”… (Continue to full article)

The U.S. Mint Has NOT STOPPED Production Of Silver Eagles
According to the public affairs person at the U.S. Mint, the rumor that Silver Eagle production was halted due to lack of demand, is not true…. (Continue to full article)

Precious Metals and Financial Blasphemy
Physical precious metals investing requires a tough skin, and an open mind willing to grasp a much bigger picture. It also requires the painful admission that just as the past cannot be reincarnated – no one can predict a future that does not exist with certainty… (Continue to full article)

Not Wealthy Enough To Meet Skyrocketing Rates
“Middle Class Is Being Crushed By Obamacare” The people that are being hurt the most by Obamacare are those that belong to the middle class…. (Continue to full article)

Worst Market Crash, New Military Conflict And Gold Spike To $2,000
The stock market’s being propped up. We said this beginning with Quantitative Easing when it began, and we said that this is not a recovery. It’s a cover-up. The numbers don’t lie. The liars lie, and the markets are lying. You look at the facts, and here are the facts… (Continue to full article)

The Housing Market: Poised For Another Crash?
Because the end is nigh – and you need to be reminded of this??? … (Continue to full article)

The Fed Is Now Hostage to Wall Street
Around the globe, central bankers are experimenting with ever more extreme measures to stimulate the sluggish economy. This will end in tears… (Continue to full article)

Real Median Household Income Flat Since 1999
Real median household income hasn’t risen since 2000 (actually, 1999) despite all the fiscal and monetary stimulus thrown at the economy in 2008 and after… (Continue to full article)

There’s been a ‘resurgence’ of job cuts
Oh, oh – that isn’t the way the story is being told… (Continue to full article)

45th Anniversary Of Nixon Ending The Gold Standard
This week 45 years ago, August 15th 1971 to be exact, President Nixon suddenly declared the end of the Gold Standard. He ushered in the modern monetary system based on fiat paper and digital currency that works so poorly for us today and led to the global financial crisis… (Continue to full article)

Al Jerreau: Take 5

A seven-time Grammy Award winner, he is the only vocalist in history to win in three separate categories: jazz, pop, and R&B.

He won the aforementioned Grammys within a span of four consecutive decades – the ’70s, ’80s, ’90s and ’00s…

Here he is with Kurt Elling. They are singing “Take Five” on the TV series LEGENDS OF JAZZ. This episode was called ‘The Jazz Singers.’

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Posted in Double Eagle Headlines | Comments Off on Dateline: August 23, 2016

Will Your Prescription Meds Be Covered Next Year? Better Check!

Express Scripts assures patients it has a policy of not putting cancer medicine or mental health drugs on the list of products it excludes from its formulary.

Express Scripts assures patients it has a policy of not putting cancer medicine or mental health drugs on the list of products it excludes from its formulary.

The battle continues to rage between drug companies that are trying to make as much money as possible and insurers trying to drive down drug prices. And consumers are squarely in the middle.

That’s because, increasingly, prescription insurers are threatening to kick drugs off their lists of approved medications if the manufacturers won’t give them big discounts. Continue reading

Posted in The Shaft, Viewpoint | Comments Off on Will Your Prescription Meds Be Covered Next Year? Better Check!

Wall Street’s Death Puts: Here’s What the SEC Didn’t Tell You

CREDO Action Billboard Truck in Washington, D.C. in 2015

CREDO Action Billboard Truck in Washington, D.C. in 2015

On Monday, the Securities and Exchange Commission released the details of an enforcement action it plans to bring before one of its own Administrative Law Judges against Donald (Jay) Lathen, Eden Arc Capital Management, LLC and a related hedge fund, Eden Arc Capital Advisors, LLC.

Lathen is charged with using terminally ill patients in nursing homes, who were expected to die within six months, to reap profits from issuers of bonds or Certificates of Deposits (CDs) that had a death put feature (also known as a Survivor Option or SO). Continue reading

Posted in The Shaft | Comments Off on Wall Street’s Death Puts: Here’s What the SEC Didn’t Tell You

Why Aren’t Any Bankers in Prison for Causing the Financial Crisis?

Editor’s NOTE: The following is part of a series of columns we have been posting, which delve into the questionable practices of both Wall Street and the Bankers – which more and more seem to be acting as one – and using highly questionable methods to rob us blind. Remember… Bernie Madoff went to jail to cover up the sins of the bankers! ~ J.B.

Sam Buell, the government’s lead prosecutor in the Enron scandal, explains why convicting white-collar criminals isn’t as straightforward as most people think it should be.

crooked_bankersIf hotheaded online commenters ran the Justice Department, would America’s prisons be full of traders responsible for the financial crisis? It is tempting to think so—that the lack of corporate prosecutions is due to a lack of will rather than a lack of way.

But convicting bankers—or any other white-collar workers whose decisions at work have ostensibly damaged the economy—is difficult because while it is easy to identify systematic wrongdoing, it’s much harder to pin blame, at least in the way a court might approve of, on an individual within that system. Continue reading

Posted in Viewpoint | Comments Off on Why Aren’t Any Bankers in Prison for Causing the Financial Crisis?

You Don’t Actually Own Your Securities

Editor’s NOTE: In late 1995 and early 1996 – in my early years of broadcasting – I was privileged to share with my audience, a far more detailed version of what you are about to read. Not to take away from Ms. Long – but there is a great deal more to be learned about this horrible story. For example – why is there no reference to the Depository Trust Corporation in this article? Each time that I would detail this debauchery – my phones would ring off the hook – from Stock Brokers who were livid that I would share these truths. ~ J.B.

Wall St_pigs-by-Victor-JuhaszYou think you own securities in your brokerage account, but you don’t.

A company you’ve probably never heard of, called Cede & Co., is the official owner of more than 99% of the securities outstanding in the U.S. What’s in your brokerage account is probably an I.O.U.

See the fine print. Continue reading

Posted in The Shaft | Comments Off on You Don’t Actually Own Your Securities

The Scam Wall Street Learned From the Mafia

How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape

Illustration by Victor Juhasz

Illustration by Victor Juhasz

Editor’s NOTE: What you are about to read is just over four years old – but it could have been written last night. What Taibbi published back in the Fall of 2012 is the story of Wall Street and Politics for ALL time. Small time players go to jail while the BIG crooks laugh and pour another snifter of Cognac in celebration. We are now into the final months of the 2016 (S)election season and these same Wall Street shysters are committing the same fraud on behalf of at least one of the Presidential candidates – much of it through HER Foundation – along with her Foreign Donors.

Change the dates if you wish – the beat goes on… To the wicked go the Spoils! ~ J.B.
Continue reading

Posted in The Shaft | Comments Off on The Scam Wall Street Learned From the Mafia

The Guns of August: The Weekend of August 13-14, 2016

DEheadlines_orig

Weak Retail Sales Dims Rate Hike Odds
The ‘Dim’-wits just can’t seem to have it their way – after all – it is THEY who have destroyed the economy. Sorry Janet – please stop Yellin’… (Continue to full article)

Big Unwind Begins In Housing Bubble Rents
Soaring rents have hit the wall of reality. Or is it just another fantasy in order to make purhasing a new home more affordable. Stick around for a few years – rental will be back in play – after the next round of short sale/foreclosure… (Continue to full article)

Nightmare at the Mall
Brick-and-Mortar Retail Totally Loses it! It’s all the new web-order craze… (Continue to full article)

Why the Public Is Mad As Hell At Washington
WHAT? Just name your poison – you’ll come up with an answer – ANY answer… (Continue to full article)

Trump Advisor Paulson Took Bailout Money
Took it??? Isn’t he the guy that forced it down the throats of all the Banksters? Guess not – that was Hank… (Continue to full article)

Rampaging Debt Collectors
Oh yeah baby – themz beez on de rampage and they are coming for you. Expect new bankruptcy laws during the next administration. Dey’ze comin’ fo’ yo’ axe! .. (Continue to full article)

Clinton Foundations Money Ties To State Dept
WEll – if you didn’t suspect this – then you have been shacking up with Rip Van Winkle for the past forty years… (Continue to full article)

One simple reason why gold can still jump 50%
Because the end is nigh – and you need to be reminded of this??? … (Continue to full article)

Self-Sufficiency Will Be The Only Way to Survive: “Nothing Will Have Any Value Except Food”
And what will you purchase it with if you have no gold or silver??? … (Continue to full article)

U.S.’s top investing minds came to a depressing conclusion on the economy
YEAH – in the long haul – we are all screwed! … (Continue to full article)

Why Americans Get Poorer
The US economy grew at a pace of roughly 1% for the past three consecutive quarters. And even that is doubtful…. (Continue to full article)

Central Banks Are Choking Productivity
and they are ‘Chocking your Chicken’ as well… (Continue to full article)

Pat Metheny with Herbie Hancock ~ Cantalope Island

Guitarist and composer Pat Metheny was born on August 12th, 1954 in Lee’s Summit, Missouri. The 15-year-old Metheny was introduced to the world of professional jazz after winning a Down Beat scholarship to a one-week jazz program in New York City. Metheny released the classic jazz fusion LP Bright Size Life when he was only 21. His most recent album is 2014’s Kin, recorded with his newest band, Unity Group.

Metheny and pianist Herbie Hancock perform a fantastic rendition of Hancock’s composition “Cantaloupe Island.”

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Posted in Double Eagle Headlines | Comments Off on The Guns of August: The Weekend of August 13-14, 2016

Dateline: August 12, 2016

DEheadlines_orig

Macy’s to close ONE HUNDRED of its 675 big-box stores
Macy’s announced Thursday the plan to close 14 per cent of its stores. Wall Street celebrates… (Continue to full article)

Will the Dow go up 100% and Gold 5,000%?
Welcome to the wonderful world of illusions. This is a world where few people can see the difference between reality and fantasy. And maybe there is no difference. Just looking at the US election and the candidates, it seems like total fantasy from this side of the Atlantic. It is difficult to take the whole election process as well as the candidates… (Continue to full article)

Silver and Inflation
In the course of writing a newsletter on silver and seeking new angles on the metal, it is necessary to maintain a wide array of datasets. Some of these I update on a weekly and monthly basis for subscribers, but I thought I would update one that gives us the very long term view on the price of silver.First is the monthly chart on the price of silver… (Continue to full article)

Short Memories and Silver Shortages
It’s now one year after the 50th anniversary of the official beginning of the great silver shortage. For the outside world, it may very well be the least known.For the precious metals trading community, it is one of the most ridiculed or outright denied fundamentals of silver… (Continue to full article)

Greenspan Gets One Right: Here Comes stagflation
In a recent interview, former U.S. Federal Reserve Chairman Alan Greenspan (the “Maestro”) warned that the economy was experiencing, “the early signs of stagflation.” This is a very rare occasion where Mr. Greenspan and I are actually in agreement. I also warned of this in my “Time to Invest for Stagflation” commentary published several months… (Continue to full article)

The Phony Job Recovery
Last Friday saw the release of a bombshell jobs report, with headlines exclaiming that the US economy added over 250,000 jobs in July, far in excess of any forecasts. The reality was far more grim. Those “jobs” weren’t actually created by businesses – they were created by the statisticians who compiled the numbers, through the process of “seasonal… (Continue to full article)

How Will Trump, Clinton and This Contentious Election Season Impact Gold?
This election season is shaping up to be an extremely contentious one, with emotions running high, rigged primaries, pending lawsuits, threats of violence and deep-rooted hatred between supporters of Trump versus Clinton. The stock market looks like another massive bubble waiting to burst and any number of black swan events could be the needle that… (Continue to full article)

ZZZZZZZZZZZ….
Wake the fuck up! Today we turn from the sordid dumbshow of Election 2016 to the parlous mysteries of finance and economics behind our sick politics. Most of the commentary in the mainstream special needs news media is based on the incorrect notion that the current disposition of things is sure to continue and therefore all we have to do is manage the… (Continue to full article)

The Coming Global Silver Production Collapse & Skyrocketing Price
This will cause global silver production to literally fall off a cliff within the next decade… (Continue to full article)

What’s your reaction to transfer of $400 million to Iran?
In effect, Obama is telling the Muslim world if they want to get rich, just kidnap Americans and hold them for ransom…. (Continue to full article)

Obamacare On “Verge Of Collapse” As Premiums Set To Soar Again In 2017
If Obamacare enrollments continue their current trend and insurers continue to hike premiums at alarming rates then Republicans may not have to worry about “repealing and replacing Obamacare” as it might just work itself out “naturally”… (Continue to full article)

The Mainstream Has Failed
The good news is there is a way to avoid failure and stagnation: avoid the mainstream like the plague… (Continue to full article)

Earl Hines [Antibes 1979] New Boogie Woogie On St. Louis Blues

Earl Hines performs a solo rendition of “St. Louis Blues” at this concert in Antibes, France. Five decades after the start of his career, Hines’ playing was as vital as ever.

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Posted in Double Eagle Headlines | Comments Off on Dateline: August 12, 2016

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

Layoffs-Public-Domain-460x325Not all jobs are created equal. There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart. You can comfortably support a middle class family on $100,000 a year, but there is no way in the world that you can run a middle class household on a part-time job that pays just $10 an hour. The quality of our jobs matters… (Read Full Report)

Posted in The Shaft | Comments Off on The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

VA spends $20 million on art, $670,000 for the blind

Sen. Chuck Grassley, the leading taxpayer watchdog in Congress, revealed Friday that the Veterans Administration has spent $20 million on art since 2004 — $16 million during the Obama years — even as it was cutting services to war veterans.

The Iowa senator said that over half a million was spent for artwork at a rehabilitation center for the blind.


Grassley said he is demanding that the VA explain the purchases which came a time when service to veterans was backing up due to a lack of money for facilities and doctors… (Read Full Report)

Posted in The Shaft | Comments Off on VA spends $20 million on art, $670,000 for the blind

A Realistic Look at July’s Nonfarm Payrolls

Civilian Labor Force Participation Rate, January 2007 to June 2016 (Graph Courtesy of St. Louis Federal Reserve; Shaded Area is Great Recession)

Civilian Labor Force Participation Rate, January 2007 to June 2016 (Graph Courtesy of St. Louis Federal Reserve; Shaded Area is Great Recession)

The Bureau of Labor Statistics (BLS) released its nonfarm payroll data this morning, showing that 255,000 jobs were created in July. The unemployment rate remained at 4.9 percent. May data was revised up from the eyebrow-raising low number of 11,000 jobs to 24,000 jobs while June was also revised upward from 287,000 jobs to 292,000. That brought the monthly average to 190,000 jobs over the past three months.

Unfortunately, drilling down into the more granular details, a far less rosy picture emerges… (Read Complete Report)

Posted in The Shaft | Comments Off on A Realistic Look at July’s Nonfarm Payrolls

Where the Elite Meet To Cheat

monopoly_character1As you may recall I said last month that we would probably be seeing ‘better than expected’ jobs reports from now until the election. The incumbent party wants to paint a pretty recovery picture quite badly.

And the Fed would at least like the option of pulling the trigger on their likely ‘one and done’ interest rate increase for the year. Its either September or December.

The dollar rallied and gold took a hit, on expectations of an improving US economy and higher interest rates. We are the champions of the world it appears, and the only thing that can spoil it is one of those backwards nations in Europe or Asia. har har har dee har har. Continue reading

Posted in The Shaft, Viewpoint | Comments Off on Where the Elite Meet To Cheat

Dateline: August 5, 2016

DEheadlines_orig

The Car Bubble … and Cash for Clunkers II?
This is what happens when the government “incentivizes” you to buy things you couldn’t otherwise afford… (Continue to full article)

You Can’t Eat Gold!
I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish, I ate blanched twenty dollar bills and consumed a chocolate money market for dessert. Yes, I am kidding. The point is that simple statements such as “You can’t eat gold” are a useless DISTRACTION.Why would…… (Continue to full article)

Gold and Silver, Guns & Ammo
Precious metals expert Clive Maund says markets are becoming increasingly chaotic, and he advises investors to hang on to their gold and silver. Markets are becoming increasingly chaotic as we move deeper into the fiat endgame. It is far too late to permit the corrective forces of deflation to purge the system… (Continue to full article)

June U.S. Consumer Spending and Gold
U.S. consumer spending rose 0.4 percent in June. What does it mean for the gold market? Personal consumption expenditures increased 0.4 percent two months ago after an identical rise in May. The jump was slightly above the expected 0.3 percent. It was the third straight increase, which shows that consumers continued to spend. On an annual basis, consumer… (Continue to full article)

The Federal Reserve As An Engine Of Deflation
Although the Fed’s open market purchases of securities (always net) affect only the short end of the yield curve directly, through the transmission of risk-free bond speculation they will affect the rest of the yield curve indirectly. – thus the entire spectrum of interest rates will keep falling in consequence of the Fed’s open market purchases of Treasury… (Continue to full article)

Ewart: The IRS Doesn’t Need Criminal Intent To Prosecute
The IRS, doesn’t need for you to have criminal intent to be hounded, harassed, intimidated, or prosecuted by this rogue, out-of-control bureaucracy that has no master. All you have to do is to run afoul of the IRS’ interpretation of Title 26 of the United States Code (USC). Depending on the agent and the office location, their interpretation of Title 26 can be whatever they want it to be. You have two choices, comply or fight… (Continue to full article)

How would you invest money you didn’t need for ten years?
One in six investors chose gold as the best place to park money they wouldn’t need for more than ten years – the same number that chose stocks, according to a recent Bankrate survey. Another 6% chose bonds, while 25% chose real estate, and 23% said they would simply bank the money… (Continue to full article)

Decision Time for Silver Investors
What I will say comes with some reservation, mainly because the future is unwritten. However, based on the notion that markets will rhyme rather than repeat, I present a scenario in which a decision has to be made by silver investors in the near future. That decision is whether to hold onto silver, sell some of it or sell all of it.This is not because… (Continue to full article)

FBI confirms IRS went to war with tea party
A government watchdog says newly released documents confirm an orchestrated effort by the IRS to target tea party groups and other conservative organizations. … (Continue to full article)

What’s your reaction to transfer of $400 million to Iran?
In effect, Obama is telling the Muslim world if they want to get rich, just kidnap Americans and hold them for ransom…. (Continue to full article)

Whoops: Clinton Just Promised to Raise Taxes on Middle Class
At a campaign rally in Nebraska on Tuesday, Hillary Clinton attacked Donald Trump over his tax policy, saying he “wants to cut taxes for the super-rich.”… (Continue to full article)

New U.S. Currency Already in Our Money Supply
The new blue hundreds and fifties….this is telling us that soon the older FRN’s will soon be worthless….and if any of us has a cache of the older ones to switch’em out soon… (Continue to full article)

Joe Pass and Roy Clark ~ I’ll Never Get Out Of This World Alive

Joe Pass recorded an improvisational version of “I’ll Never Get Out Of This World Alive” with Roy Clark. in 1993; as part of an album that they recorded together in 1993, called Roy Clark & Joe Pass Play Hank Williams.

Life, Liberty & All That Jazz may be heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.

Posted in Double Eagle Headlines | Comments Off on Dateline: August 5, 2016

Mind-blowing Interview With Ex-Banker

John Cruz is an ex VP with HSBC Bank. He was fired for whistleblowing and his family was threatened. He retains recordings that these people don’t want out so his life has been spared. He is one of the unsung heroes. If you thought you knew how deep the corruption is in this country prepare to be amazed. It is worth listening to, the first few minutes are a little off balance because the original interviewer was mysteriously disconnected.

Posted in The Shaft | Comments Off on Mind-blowing Interview With Ex-Banker