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Dateline: September 30, 2016

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asleep-at-the-wheel

…been asleep at the wheel for a few days pardners! We’ll try not to let it happen again. ~ Editor

NEIMAN MARCUS Reports 4Q Loss of $407.2 Million
Store Sales Drop For Fourth Straight Quarter… (Continue to full article)

U.S. Government To Pay $492 Million To 17 American Indian Tribes
For mismanaging natural resources and other tribal assets, according to an attorney who filed most of the suits… (Continue to full article)

Casual Dining Declines
Logan’s Roadhouse Files For Bankruptcy, 21 Locations Closing… (Continue to full article)

More Shoppers Are Starting Their Online Search on Amazon
Roughly 55 percent of consumers begin their online shopping searches on Amazon’s site… (Continue to full article)

Researchers Given $150K To Learn How To Make Gay Students Feel Comfortable In Class
First of all – tell these whiny little bastards and bastardettes to stop making such a big damned deal about their personal choices in life. THERE! I just saved the taxpayers $150,000… (Continue to full article)

A Banquet of Consequences Now Being Served
Prepared just for us by the central banking cartel… (Continue to full article)

Knight’s Flash Crash Highlights Worthless Assets
“Those were the stocks that no longer traded! They were pledging worthless collateral.”… (Continue to full article)

The Fed’s Phony Housing Recovery
All the King’s horses and all the King’s men… (Continue to full article)

How Bankers Live With Themselves
Very well, I am sure… (Continue to full article)

Wall St Abuse, Deaths and Suicides
Huh? Deaths and Suicides? Must be hanging around the Clinton’s… (Continue to full article)

Durable Good Decline For 20th Straight Month
The study of economics is: the study of how people make a living.We make a living today with a fantastically complex network of specialization and trade – a network so complicated that nobody actually understands what is going on. This network is not organized by any sort of rational planning. Rather, it is organized by markets, prices, profit and… (Continue to full article)

Social Security and the US’ Budget Problems
There just isn’t enough left for the government to steal. They have already grabbed it all… (Continue to full article)

How gold helped South Korea repay its debt
DUH!!! (Continue to full article)

How Constant Is Gold’s Purchasing Power?
While there is no exact constant in economics, the stability of gold’s purchasing power is unprecedented. Not only on a gold standard the metal shows it’s constant nature, but also off the gold standard gold’s purchasing power is remarkably constant… (Continue to full article)

gold-is-moneyShould You Invest in Gold?
Making the right investments is one of the best ways to secure your financial future. Unfortunately, figuring out which investments are right for you is easier said than done… (Continue to full article)

There’s more proof student-loan borrowers are getting cheated
Why paying off your student loan is harder than it should be… (Continue to full article)

THE TOP FOUR PRECIOUS METALS
Which Will Be The Best Investments During The Next Financial Crash… (Continue to full article)

HSBC’s Chief of Technical Analysis Just Warned of a Potential 1987-Type Crash
Unless the markets can take out its September highs, we could very well see a repeat of the 1987 Crash…. (Continue to full article)

Gold: The Best Performing Asset of the 21st Century
This post will remain in position until such time that YOU finally WAKE UP!

Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people… (Continue to full article)

“I Got Rhythm”

George Gershwin lets his fingers fly in a rare film performance from the mid-1930s.

As a boy born in Brooklyn in 1898 George Gershwin didn’t display a shred of interest in music until he was ten, after attending his friend Maxie Rosenzweig’s violin recital. Very rare footage of George Gershwin playing one of his tunes.

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: September 30, 2016

Dateline: September 26, 2016

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Two former Wells Fargo staff file $2.6 billion lawsuit against scandal-hit bank
Two former employees Alexander Polonsky and Brian Zaghi have filed a lawsuit in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired… (Continue to full article)

Poverty or Conveniently Hidden Statistics
People who call themselves “poor” desire socialism and are perennially voting for their favorite Marxist Democrat and complain endlessly how unjust and rigged the system is, how the Man keeps them down and how there is no equality and social justice. Nobody brings up personal responsibility and work ethic into the mix of poverty… (Continue to full article)

WHO THE HELL ARE THE ROTHSCHILDS?
Was all this Rothschild wealth and power accomplished selling their souls to Satan, or was it maybe done with Lizard King Illuminati Magic from outer space?… (Continue to full article)

CEO Warns Of Coming Monetary Chaos
“In An Inflationary Environment You Want To Hold Tangible Assets” (Continue to full article)

Where does the term ‘Dollar’ originate?
The origin of the Dollar can be traced back to Joachimsthal or ‘Saint Joachim’s Valley’ in Bohemia, where silver was discovered in 1519… (Continue to full article)

Why U.S. States Should Encourage Their Citizens To Use Gold Currency
Recognizing that the departure from gold and silver backing to our money has led to crushing debt and great financial instability, a few freedom-minded state legislatures have begun to consider how to defend themselves and their citizens… (Continue to full article)

“In The End, Central Banking Monetary Magic Is All Nonsense, Empty Formulas, Illusions”
Wir schaffen das,” whispered Yellen, explaining that the Fed was hawkishly holding rates steady, while lowering the dots. You see, when you’re unsure what’s most frightening, you insure against everything. But in the end, central banking monetary magic is all nonsense, empty formulas, illusions…. (Continue to full article)

Stock & Bond Bubbles Much Worse Than 1929
“I think we are on the very edge, but what is different this time and makes it scarier . . . is I believe the central banks that ruled the roost have gone from one extreme to the next and done unfathomable things like negative interest rates on $13 trillion of bonds around the world, monetization of the debt, and bond purchases that are staggering such as $90 billion a month in Europe. . . . So, this time… (Continue to full article)

Silver Price Forecast: Higher Silver Prices For Many Years To Come
The current season is ideal for silver and gold rallies, and this increases the likelihood that the above patterns will resolve soon. Furthermore, we are also in stock market crash season, which could be the greatest driver for the coming silver rally… (Continue to full article)

Buffet Knows A Massive Crash Is Coming
Buffet has joined other billionaires in recent months to sit on the sidelines and wait for the crash that everyone knows is coming… (Continue to full article)

Pension Shortfalls Could Be 4X To 7X Greater Than Reported
You’ve worked your entire life to insure your retirement – and what the hell has it got you?… (Continue to full article)

Fed Wrong, US Consumer Far From Strong
The increase in household spending is nothing to cheer about for the average American as the benefits are flowing to the same one percent that tanked the economy in 2008, creating the worst wealth destruction for the average American since the Great Depression, and have now simply found ever more creative ways to continue to soak the 99 percent… (Continue to full article)

26 Incredible Facts About The Economy That Every American Should Know
The mainstream media would have us believe that the U.S. economy is in pretty good shape, and if that was true that would seem to favor Clinton. But is it actually true?… (Continue to full article)

The Banking Model from Hell Has Now Killed the IPO Market
As Wall Street scratches its head and attempts to figure out why new companies don’t want to list their shares on a Wall Street stock exchange or hire a Wall Street bank to do their stock underwriting, we have a simple message for Wall Street: “It’s about trust, stupid.”… (Continue to full article)

Gold: The Best Performing Asset of the 21st Century
Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people… (Continue to full article)

John Coltrane ~ “I Want to Talk About You”

In 1965, Coltrane released his magnum opus A Love Supreme, which many regard as the greatest jazz album of all time. His playing has inspired generations of artists, jazz and otherwise. His classic quartet perform a moving rendition of Billy Eckstine’s composition “I Want to Talk About You” at a 1962 concert in Stockholm.

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: September 26, 2016

September 25, 2016 ~ Betwixt & Between

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naked_brokerNAKED SHORTS CAN’T STAY NAKED FOREVER
Who engages in massive trades in penny stocks on the industry’s own “chill list”? And what happens when you sell a stock you don’t have?… (Continue to full article)

No Bailout For Deutsche Bank – Bail-In Coming?
HISTORY repeats itself. this is the same kind of thing that brought Hitler to power… (Continue to full article)

Hell To Pay: Elements for a Market Crash
It’s the beginning of the end. Liquidity-drunk “markets” remain over-priced due to the chronic intervention of the global central banking cartel… (Continue to full article)

Got Gold-Nell_McAndrew_webNaked Short Selling and Penny Stock Frauds
Is everyone on Wall Street NEKKED??? (Continue to full article)

Global Economic Outlook: Dark Clouds Ahead
Eight years ago this month, a bank collapsed, Wall Street went into meltdown and the world economy plunged into crisis. Trillions were lost in output, millions of workers were made redundant, and thousands of promises were made by politicians and policymakers… (Continue to full article)

Judge May Dismiss Metals Manipulation Lawsuits
Just who is lining the pocket of this “rule from the bench” POS… (Continue to full article)

Gold Unleashed by Fed
Janet is Yellin’ again. Gold surged sharply this week after the Yellen Fed yet again chickened out on raising its benchmark interest rate. Gold-futures speculators’ irrational fear of Fed rate hikes has been a major drag on gold. And rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into this year’s critical… (Continue to full article)

Trump Criticizes FED for Creating ‘Fake Economy’ and Calls for Audit
Most politicians limit their comments about the Federal Reserve to sheer praise. Know thy master. Donald Trump has followed in the footsteps of Ron Paul, with his sharp critique of the FED and harsh words for Janet Yellen in particular. Trump has put his name firmly on this short list of politicians that dare to criticize the Federal Reserve… (Continue to full article)

The Hungarian Connection
Gold is the most misunderstood metal in human history, because of the economists’ failure to distinguish between its dynamic and static aspects in representing values. Economists have blithely assumed all along that the value of gold is the same whether it flows freely from one hand to the next, or whether the movement of gold is obstructed, in the… (Continue to full article)

Toys From the ‘80s and ‘90s That Are Worth Thousands Now
Collectors who held onto their Beanie Babies from the 1990s may be disappointed to learn that the craze for the dolls petered out along with their value. however, that doesn’t mean there’s no money in vintage toys… (Continue to full article)

Beware of What You Wish For, as You’re About To Get It
Bend Over – they’ll drive… (Continue to full article)

obama_loved-de-poEveryone thinks they are middle class
The false perceptions many Americans hold… (Continue to full article)

Finance Is Ruining America
In Greenwich, Darien, and New Canaan, Connecticut, bankers are earning astonishing amounts. Does that have anything to do with the poverty in Bridgeport, just a few exits away?… (Continue to full article)

Posted in Double Eagle Headlines | Comments Off on September 25, 2016 ~ Betwixt & Between

Dateline: September 21, 2016

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BANKS START TARGETING ROLLED QUARTERS
When I asked the bank manager to explain why I couldn’t cash in a $10 roll of quarters for a $10 bill I was told “we need a paper trail of the money”… (Continue to full article)

Gold, Fed Rate Hikes & the Return of Big Deficit Spending
US bond yields have dropped since the first Fed hike. Now big spending looks sure to follow… ALL SAID and done, confidence in central banking’s confidence game remains the prime mover of gold prices… (Continue to full article)

A Cake-Eaters Paradise
The thing a good Keynesian will never tell you is once unfretted money printing starts you can never have enough because of what it does to the human condition – it turns people into the pathetic and materialistic sellouts you see everywhere today – what some ‘old-thinker Italian people’ like to call ‘mangia-cake’ – or cake eaters… (Continue to full article)

15 Facts About Poverty in US Government Buries
We should be concerned about any American living in real material hardship, but much of what Census reports about poverty is misleading… (Continue to full article)

Posted in Double Eagle Headlines | Comments Off on Dateline: September 21, 2016

The United States: The NEW Argentina

Coming Soon!

Posted in The Shaft | Comments Off on The United States: The NEW Argentina

Banks and Banksters: Too Big to Fail or Jail?

The Looting Bankers

The Looting Bankers

There’s one set of laws for the ruling class elitists and another set for us “deplorables.”

In 2008, when a combination of government mandates severely compounded by Wall Street greed nearly blew up the world’s financial system, Congress and the Bush administration conjured up the $700 billion Troubled Asset Relief Program (TARP) to save institutions deemed “too big to fail.” Ever since, too big to fail has rendered large financial institutions, and the executives that run them, virtually immune from criminal prosecution. And nothing speaks more forcefully to this reality than the latest scandal perpetrated by Wells Fargo. Continue reading

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Harvard Economist: US Should Phase-Out All Currency Larger Than $10 Bills

“Cash is Nothing!”

With each passing day, people of Rogoff’s mindset are putting us on the path to a cashless society, where every single transaction you conduct will be tracked. And he was invited to speak before the CFR? Who’s zoomin’ who? ~ Ed.

shitty_c-noteThe Unites States should phase-out all denominations of the U.S. dollar larger than a $10 bill to thwart money launderers and tax evaders, Harvard economist Kenneth Rogoff told attendees at a Council on Foreign Relations event this week in Washington, D.C.

“Cash is not used in ordinary retail transactions. It’s used by tax evaders and in a lot of crime of all types, including drug trafficking, human trafficking, extortion, racketeering, you name it,” said Rogoff, a member of the economic advisory panel of the Federal Reserve Bank of New York and author of The Curse of Cash. Continue reading

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Dateline: September 19, 2016

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Kmart is closing 64 stores across 28 states
Sears Holdings, which owns Sears and Kmart, informed Kmart employees of the closures on Friday and will begin liquidation sales from next week.. (Continue to full article)

Banking Has Become a Criminal Enterprise in the US
You’se guyz juss can’t keep stickin’ it to the folks on the street… (Continue to full article)

How Financial Advisers Defraud Clients
And this is so tough to figure out??? You had better follow this story… (Continue to full article)

US May Be Slipping Into Recession
Or merely slipping into darkness… (Continue to full article)

Massive Protests Against TTIP Trade Deal
EH! Not in the U.S. – Hell no – we are fast asleep in our comfort zones… (Continue to full article)

Guggenheim’s 18-karat GOLD toilet
golden_throneLucky visitors to the Guggenheim in New York will be able to use a toilet that’s created from 18-karat gold. The artist had come out of a five-year retirement to create the fully-functional toilet and has named the work America. (as in, “in the s#*tter?)… (Continue to full article)

Face of a tyrant
nero_gold_coionRare 1st century gold coin bearing the image of Roman Emperor Nero is found in Jerusalem… (Continue to full article)

Silver Will Spike Higher
Demand Is About To Surge For Three Key Reasons: “It’s Going To Be Global”… (Continue to full article)

The Fed Has Set Us Up for a Massive 50% Market Collapse
The Fed might be able to put off hiking rates for a time, but eventually this will become a REAL issue. Particularly since CPI cleared 2% when Oil and most commodities were 40% off their highs… (Continue to full article)

“Panic Gasoline Buying” In Southeast Leads To “Massive Lines”, Gas Shortages, Price Gouging
…and the excuse is giving BIG Oil to jack up the prices all across the country. Up .06¢ since Saturday (two days) in Phoenix… (Continue to full article)

Why Has Gold Stalled?
Gold’s young bull market has totally stalled out in the past couple months. This major loss of momentum following gold’s powerful surges in 2016’s first half is really souring sentiment and vexing traders. They are trying to figure out if gold’s recent consolidation drift is the dawn of a new bearish trend or a healthy pause within… (Continue to full article)

War is Peace, Silver is Plentiful, and Other Misconceptions
The urgency for owning a financial put against the stupidity of central planners and politicians grows by the minute. We continue to witness a multifaceted array of failure heaped upon failure while repeating history on a dramatic scale.One of the great new wonders of the modern world is the credibility given to high profile economists. Obviously, they… (Continue to full article)

The Ghost of Fort Knox Past: Part 2
GoldfingerIn my precedent essay, we looked briefly into the Ft. Knox gold controversy. Ft. Knox gold used to back circulating currency, but those days are long gone. Whatever gold remains within this U.S. fortress is now just another Treasury “asset.” (Continue to full article)


Gold: The Best Performing Asset of the 21st Century

Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people… (Continue to full article)

Sorry, You Can’t Have Your Gold Bullion
We warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money. To add insult to injury, they’re… (Continue to full article)

Ray Charles ‘Live at the Newport Jazz Festival’

Ray Charles and his band play a set at the Newport Jazz Festival in 1960.

Charles released the soul-jazz album “Genius + Soul = Jazz,” featuring arrangements by Quincy Jones, that same year.

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: September 19, 2016

Your Money or Your Life

What’s Behind the Latest Government Scam to Rob You Blind?

“The fact is that the government, like a highwayman, says to a man: Your money, or your life. And many, if not most, taxes are paid under the compulsion of that threat. The government does not, indeed, waylay a man in a lonely place, spring upon him from the road side, and, holding a pistol to his head, proceed to rifle his pockets. But the robbery is none the less a robbery on that account; and it is far more dastardly and shameful.” ~ Lysander Spooner, American abolitionist and legal theorist

money-bag-360x200If a cop wrongfully attacks you, you cannot fight back.

If a SWAT team wrongfully raids your home, you cannot defend yourself.

If a highway patrol officer wrongfully takes your money or your valuable possessions, you cannot get them back without a lengthy, costly legal battle.

It used to be that the Constitution served as a bulwark against government abuses, excesses and wrongdoing.

That is no longer the case. Continue reading

Posted in The Shaft | Comments Off on Your Money or Your Life

Here’s What The Government Did With YOUR Social Security Money

Editor’s Note: The Social Security trust fund is dead broke.

dollar_ssiSome readers might find this hard to believe. Maybe the government is sending you a check every month. Clearly, this means the Social Security system has some money, right?

Not exactly… Continue reading

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Ford to move all small-car production to Mexico from U.S.

focus-on_mexico

Hecho en Mejico???

Ford Motor Co Chief Executive Officer Mark Fields said on Wednesday that all of the company’s small-car production would be leaving U.S. plants and heading to lower-cost Mexico, drawing another rebuke from Republican presidential candidate Donald Trump.

“We will have migrated all of our small-car production to Mexico and out of the United States,” over the next two to three years, Fields told Wall Street analysts at an investor conference hosted by the automaker.

Trump, campaigning in Flint, Michigan, on Wednesday, called Ford’s decision “horrible.” He has criticized Ford’s Mexican investments for more than a year and vowed to pressure the automaker to reverse course if elected.

“We shouldn’t allow it to happen,” Trump said. Continue reading

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Wells Fargo executive in charge of fake accounts unit that cost bank a $185m fine and 5,300 jobs will walk away with $125m golden handshake

Should have been given a golden shower…

tolstead_wells-fargoThe Wells Fargo executive who oversaw a department responsible for opening more than two million unauthorized accounts will walk away with $125million when she retires at the end of the year.

Carrie Tolstedt served as the company’s head of Community Banking for eight years, during which employees met sales quotas and racked up fees by opening 1.5million bank accounts and 565,000 credit cards for customers without their consent.

On Thursday, the Consumer Financial Protection Bureau fined Wells Fargo a record $185million, and 5,300 employees were fired over the course of five years as a result of the scandal. Continue reading

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What is your take on this?

priestSunday morning I received an email from Father O’Leary asking me the question posed in the title of this column.

I was referred to a column on Economy and Market entitled, Harvard Economist Warns “$700 Gold by Mid-2017. While visiting the column, I noticed another column titled, “Property Prices to Drop 40%” (in actuality – it was an advertisement).

Well – for one – if “column” #2 is accurate then the Harvard Economist is an idiot – but we are getting away from the point of this post…

My response to the Good Man that he is… Continue reading

Posted in The Shaft, Viewpoint | Comments Off on What is your take on this?

Gold hoard buried in Nazi era or just after WW2 found in Germany

20-fr_goldAn amateur archaeologist in Germany has found a historic collection of gold coins worth around 45,000 euros, probably buried during the Nazi era or shortly after World War Two, experts said on Wednesday.

Armed with a metal detector, Florian Bautsch found 10 coins in a hollow under a tree near the northern town of Lueneburg and professionals then excavated another 207.

They are of French (like the ones depicted above), Belgian, Italian and Austro-Hungarian origin and date from 1831 to 1910. Continue reading

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U.S. Rate Hike Won’t Spoil Appetite for Gold

Is the Fed out to spoil the gold bulls’ party?

Goldfinger (United Artists, 1964)For the manager of the largest exchange-traded fund backed by the metal, not even a surprise increase in U.S. borrowing costs this month would be enough to damp investor appetite for gold.

“We’re still going to be in an environment where rates in the U.S. are still very low,” David Mazza, the head of ETF and mutual-fund research at State Street Global Advisors, which manages SPDR ETFs, said in an interview Friday at Bloomberg headquarters in New York.

Holdings in gold-backed ETFs are heading for a third quarterly gain, the longest streak since 2012, even as the odds of a rate increase in September rise, data compiled by Bloomberg show. Investors have already poured $12.4 billion into SPDR Gold Shares this year, the biggest inflow among more than 7,000 ETFs tracked by Bloomberg. Continue reading

Posted in The Mine, Viewpoint | Comments Off on U.S. Rate Hike Won’t Spoil Appetite for Gold