ZeroHedge: The Tower Of Babel Comes To Paris: The Folly Of Obama’s “War” On ISIS

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Submitted by David Stockman via Contra Corner blog,

US imperialism was once a fearsome force – mainly for ill. Under the latter heading, Washington’s savage destruction of Vietnam four decades ago comes readily to mind. But now the American Imperium has become just a gong show on the Potomac – even as its weapons have gotten more lethal and its purposes more  spurious and convoluted.

There is no more conspicuous proof than Obama’s quixotic “war” on ISIS. The quote marks are necessary, of course, because the White House insists that this is merely a counter-terrorism project that is not really a war; that the campaign to “degrade, disrupt and destroy” the Islamic State will not deploy a single American soldier—at least not one with his or her boots on; and that the heavy lifting on the ground against the barbaric ISIS hordes will be conducted by a “broad coalition” of so far nameless nations.

In truth, the whole thing is a giant, pathetic farce. There will be no coalition, no strategy, no boots, no ISIS degradation, no gain in genuine safety and security for the American homeland. This is an utterly misbegotten war against an enemy that has more urgent targets than America, but a war which will nonetheless fire-up the already boiling cauldron of Middle Eastern tribal, religious and political conflict like never before. There is no name for what Obama is attempting except utter folly.

Even before Secretary Kerry brought his medicine show to Paris, it was evident there is no coalition of the willing—or even the bought. The best that the 26 odd signatories to his communique could muster was a vague endorsement of Iraq’s boundaries and a pledge to support its still only partially formed, three-week old government “by any means necessary“………except not by a single one of the “means” that are actually available.

Let’s start with the neighboring nations which should fear ISIS far more urgently than the citizens in distant places like Lincoln NE and Spokane WA. The short answer is not a single one of them want to help, can help or will be invited to help. Obama’s putative coalition consists of the invisible (Germany), the indisposed (Turkey), the indecisive (the UK), the ineligible (Iran), the unwelcome (Saudi Arabia), the insolvent (Egypt) and the incensed (Russia), among others.

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ZeroHedge: America’s Media-crity (In One Cartoon)

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Presented with no comment…



Source: Investors

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silverguru: The Criteria For Investing

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ZeroHedge: Congress Brings ‘Atlas Shrugged’ To America With This New Bill

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Submitted by Simon Black via Sovereign Man blog,

It was known as Directive 10-289, and it was the government’s last-ditch, desperate effort to control the collapsing economy.

The President, along with some of his senior advisors at the Bureau of Economic Planning and National Resources, all widely agreed that the only way out of the crisis was expand government power.

The directive was passed quickly, and among its key provisions:

“Point One. All workers, wage earners and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment. . ."


“Point Two. All industrial, commercial, manufacturing and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit nor leave nor retire, nor close, sell or transfer their business. . .”

If you’re searching through your favorite news feed right now wondering why you haven’t heard of Directive 10-289, it’s because the law is fictitious. It’s part of the story from Ayn Rand’s Atlas Shrugged.

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ZeroHedge: The Silver Paradox In One Chart

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

As gold and silver prices tumble to multi-year lows, an odd thing is happening in the ‘paper’ precious metals ETF markets. Demand remains high for silver ETF exposure as ‘someone’ is aggressively unwinding gold ETF positions.. and yet the prices for both are falling rapidly. It appears the retail investor is taking advantage of the lower prices in silver to accumulate additional exposure as Credit Suisse notes, “the perception is that silver will do well, and should outperform gold as the economic recovery strengthens,” adding that “belief in silver’s dual properties, as a financial asset and also as an industrial metal, appears to remain strong.”


ETF demand remains high for silver… as gold ETF demand tumbles…


And yet Silver prices are languishing just as much as gold prices…



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ZeroHedge: Jackie DeAngelis Blows

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

I was originally going to title this post “Jackie DeAngelis Must Die”, but I thought she might take it the wrong way.

Anyway, earlier this week, Ms. DeAngelis ”interviewed” famed short-seller Bill Fleckenstein on (gack, choke) CNBC, every permabull’s favorite network. Right out of the gate, she attacked him:



You can watch the interview at the bottom of this page if you want, but I can save you the time by simply stating Mr. Fleckenstein was ambushed by a trio of CNBC permabulls, deriding him for missing out on the past five years of market rally.

I think it’s repulsive for a network to take a guest’s time and use it to berate him (why Bob 0919-cuntPrechter shows up on CNBC baffles me, since they just laugh at him). DeAngelis’ entire demeanor toward the Fleck was condescending, smug, arrogant, and mean-spirited. I can easily picture her at cheerleader practice, chastising a girl for being cut from the squad for gaining a few pounds. “I guess that cheeseburger mattered more to you than the Spirit Squad, huh, Becky?”

Ya know, if we had been in a government-rigged bear market for the past five years, CNBC wouldn’t even exist anymore. Bear markets tend to be over all too quickly, but I distinctly remember at the depths of the 2008/2009 bear market that Jim Cramer distinctly said without any qualification that he would tell anyone he cared about to stay out of equities for – - and I’m not making this up – - “the next five years.”

I’m weary of the female business “journalists” being hired for their pretty faces and bra sizes. I’d much rather have a woman that looked like Marlon Brando ask insightful, probing, and thought-provoking questions. Read more »

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Gold Daily and Silver Weekly Charts – Option Expiration

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / 19 SEPTEMBER 2014

“The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining in the different States, and which are employed altogether for their benefit; and unless you become more watchful in your States and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of Government have been given or bartered away, and the control over your dearest interests has passed into the hands of these corporations.”

Andrew Jackson, Farewell Address, March 4, 1837

What a parcel of rogues in a nation.

Although it was not much discussed on bubblevision, today was the fairly important stock option expiration for US equities.   It was utterly overshadowed by the big BABA IPO.

Next week will be an option expiration for the precious metals on the Comex.

I cannot remember when sentiment was this low amongst the metals crowd since around 1999-2001 timeframe.

I do suspect we are making a bottom, and somewhat artificially low at that.  This ought to do enough damage to supply to provide for a high upside IF and WHEN markets become transparent and honest again.

But I will not say we actually have a bottom until we break this trend of lower highs and lower lows.  That is a mugs’ game.  And there are plenty of mugs out there, who have called about forty of the last three or four bottoms in the precious metals markets.  Fear not, when the time comes, they will be ‘right.’  

We need to maintain some discipline in our thinking and a focus on the fundamentals.  Talk is cheap.

So what does this mean?  Holding positions with NO leverage, and of a comfortable size with a longer term price horizon that do not interfere with short term cash flow needs.   To do otherwise places one at the mercy of the short term market speculators and manipulators.

If the precious metals are insurance, do you place all of your assets in insurance?  Hardly.


Thanks to BrotherJohnF

Jim Comiskey Metals September 19th 2014

The latest from our friend Jim Comiskey:

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44,107,000 Reasons Why NFL Commissioner Roger Goodell Has “Not Considered Resigning”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / by Tyler Durden on 09/19/2014 16:31

Moments ago NFL Commissioner Roger Goodell concluded a press conference in which he discussed NFL player conduct, domestic violence, sexual assaults, sponsorships, and other things. The one thing that caught our attention is that when he was asked if he had considered resigning, his answer was a resounding “No.” For all those wondering why the commissioner of this non-profit, tax-exempt501(c)(6) organization has not considered calling it quits despite the ongoing public opinion firestorm, here is the reason. Or rather 44,107,000 reasons.


Thanks to BrotherJohnF

FSN: Robert Spencer – Has Jihad Come To America?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

from Financial Survival Network

Robert Spencer of Jihad Watch writes that Ali Muhammad Brown, currently in jail on $5 million bail for the alleged murder of 19-year-old Brendan Tevlin, which Brown described as an act of ‘vengeance’ for innocent lives lost in Iraq, Afghanistan, Syria and Iran. ‘All these lives are taken every single day by America, by this government. “So a life for a life.” He has also been charged with gunning down two men at 29th and King Street in Seattle’s Leschi neighborhood on June 1. Unfortunately the mainstream media was paying little attention to the these murders until a recent announcement by New York Radio Talk Show Host Todd Pettengill, who’s child was friends with Brendan. So, it appears that Jihad has already come to America.

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