Silver as an investment

MORE THAN A COINCIDENCE? Author of Gun Bill ‘Related’ to Victim in Umpqua College Shooting / BY SHAWN HELTON / OCTOBER 9, 2015

21st Century Wire says…

With the dust barely settled following President Obama’s ‘political’ visit to Roseburg, Oregon – there are still a number of questions regarding this latest mass-shooting incident.

As 21WIRE reported previously, there were a large number of improbably coincidences attached to last week’s mass shooting event at Umpqua Community College, enough to keep odds-makers and actuaries up at night. Here is one more coincidence

On October 2nd, it was reported that US Senator Jeff Merkley‘s family was also effected by the tragedy said to have taken place at Umpqua Community College, near the small town of Roseburg, Oregon.

Below is a passage from The Register-Guard, displaying Senator Merkley invoking a family tragedy right before discussing a set of statistics concerning mass-shootings. Given the circumstances, it might have been more appropriate for a seated US Senator to withhold his political aspirations for the sake of his own family and the UCC tragedy itself:

“One of the dead is the great-granddaughter of his first cousin, Merkley said.

“So she is MY cousin,” he said amid the clicks of hundreds of cameras.

“No one could have envisioned that here in this wonderful place of Roseburg that this could happen,” he said, adding that it was the 45th mass shooting in America so far in 2015. “This is a small community. It’s a community where everyone knows someone who was hurt or killed yesterday.”


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LBMA invites proposals on how to improve London’s gold market / By Eddie Van Der Walt, Bloomberg News / October 9, 2015…

The London Bullion Market Association is inviting companies to submit proposals on how to improve the city’s over-the-counter gold market.

The LBMA wants to study ways of boosting transparency, including more detailed reporting of trades, it said in an e-mailed statement. It also invited considerations for a new electronic platform that may lower costs and improve efficiency. The deadline for proposals is Nov. 16.

The request follows a study by Ernst & Young LLP that the LBMA commissioned earlier this year. The World Gold Council and five banks, including Morgan Stanley and Goldman Sachs Group Inc., are also assessing whether it makes sense to introduce standardized central clearing and listed derivatives.


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“It’s Over For Me” Matt Drudge Warns Public “You’re A Pawn In The ‘Ghetto-isation’” Of The Web / by Tyler Durden on 10/09/2015 21:50

The very foundation of the free Internet is under severe threat from copyright laws that could ban independent media outlets, according to Matt Drudge. “I had a Supreme Court Justice tell me it’s over for me,” said Drudge, warning web users that they were being pushed “pawn-like” into the cyber “ghettos” of Twitter, Facebook and Instagram.

“Reclusive” Drudge says he has not had a photo taken in 8 years

As reports,


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The conspiracy theorist and the establishment / by Jon Rappoport / October 9, 2015

“If the Big Lie that permeated the whole world were stretched out like a 5000-mile-long sheet of plastic, and you managed to punch a big hole in it, and crawled through to the other side, what space would you be in?” (The Magician Awakes, Jon Rappoport)

Jones Q Jones finally heard the knock on his door, as he knew he would, and they came in wearing business suits, and they boxed up all his papers and books and drives, which took them the better part of the afternoon, because he was a researcher who had spent decades uncovering the crimes and strategies of the men who run the world.

They took him to an undisclosed location at the edge of the city and put him in a quiet empty room, and he waited for several hours, sitting in a folding chair.

An interviewer walked in and sat down in another folding chair. He smiled.

Interviewer: Mr. Jones, would you agree you came through to the other side of your research? You succeeded in answering most of your questions?

Jones: Yes, I would say so. Why are you asking?

Interviewer: Then you’re on the other side now, at least in your mind.

Jones: You put it a little strangely, but yes, I would say I am.

Interviewer: What is that space like? Describe it for me.

Jones: No one has ever asked me to do that.

Interviewer: I’m asking you now.

Jones: It’s not always the same. Sometimes it’s barren and cold. Lonely. Isolated.

Interviewer: A Limbo?

Jones: Sometimes it does feel that way. At other times it’s mysterious. It feels like I don’t belong there, but I am there. Or it’s a kind of prison. I know what I know, which is great deal, but there’s no way out. Once in a while, I’m happy, but that doesn’t usually last too long.


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Ladies and Gentlemen! It’s the Ash Carter Show! / By Jack Perry / October 9, 2015

Is it just me, or does our Secretary of Defense look like a certain comedian from the 1950s? I mean, it’s hard to take this guy seriously. Not because of that, but because of what he says. Take a gander at this article.

It seems our illustrious SecDef has made the earth-shattering discovery that people die in wars. Gee, I thought they just went directly to jail, did not pass Go, and did not collect $200. “This will have consequences for Russia itself which is rightly fearful of attacks … in coming days, the Russians will begin to suffer from casualties,” Carter said at a NATO meeting in Brussels (Home Of The Original Brussels Sprouts!) No! Really? Gee, Ash, and what was going to happen to us if our planes got shot down over there, huh? Were they just going to invite the pilot to tea and cookies? No, more like they’d have invited him to a barbeque—his own.

So, what, this is supposed to scare a country that soaked up ten million dead in military casualties alone during World War Two? Come on, Ash, you’re going to have to do better than that. I don’t think this is going to convince them to take their ball and go home. Gee, what did we do in this case? We smuggled home our dead on discreet military transport planes, flown in secretly during the middle of the night. Then we quietly whisked them away like contraband so no one noticed that Americans were dying in Iraq. And we censored pictures of those caskets, too, when we didn’t outright forbid taking the photos. Yepper, learned that little trick in the after-action assessment of the Vietnam War, we did.


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Man Who Advises Top Sovereign Wealth Funds In The World Discusses Chaos In Markets And Opportunity In Gold / Oct 9, 2015

With the dollar heading lower and the price of gold surging once again, today King World News is pleased to feature an interview with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world.
Michael Belkin:  “I’ve been seeing the opportunity on the short side of individual stocks all year long.  And although the indexes haven’t fallen that much this year, we’ve had VW down 64 percent from its May peak (which Belkin aggressively recommended shorting in May prior to the collapse)…

Continue reading the Michael Belkin interview below…


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Brazil Bank Interest Rates At 20-Year High / by Tyler Durden on 10/09/2015 19:30

Things in Brazil are getting worse by the day as the following brief summary of soaring interest rates courtesy of BNAmericsdemonstrates.

Brazil Bank Interest Rates At 20-Year High

Brazil’s overdraft interest rates reached 12.28% in October, the highest since September 1995 when the rate was 12.58%, according to research conducted by consumer protection group Procon.

Of the seven financial institutions included in the research, five increased their overdraft rates and one upped its rate for personal loans. The average overdraft rate of 12.28% per month was higher than that registered in September, 11.90%.


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The Forgotten Ninth Amendment / Tibor Machan / October 10, 2015

Justice Scalia on Judicial Activism

A while ago Justice Antonin Scalia criticized his fellow justices at the U. S. Supreme Court for making law, a role he believes belongs to the legislature or the people themselves. Justices, he argued, are there to interpret the US Constitution and this they must do by reading it as it was intended back when it was framed and when it was later amended. In a dissenting opinion Justice Scalia wrote,

The court says in so many words that what our people’s laws say about the issue does not, in the last analysis, matter: ‘In the end our own judgment will be brought to bear on the question of the acceptability of the death penalty….’ The court thus proclaims itself sole arbiter of our nation’s moral standards.


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Last Time this Ratio Reached that Level, Stocks Crashed / by Wolf Richter • 

This was a data set we didn’t need. Not one bit. It mauled our hopes. But the US Census Bureau dished it up anyway: wholesales declined again, inventories rose again, and the inventory-to-sales ratio reached Lehman-moment levels.

In August, wholesales dropped to $445.4 billion, seasonally adjusted. Down 1.0% from July and down 4.7% from August last year.

It was ugly all around. Wholesales of durable goods dropped 1.2% for the month, and 1.9% year over year. The standouts: Computer and computer peripheral equipment and software plunged 5.1% for the month and 6.2% year-over-year. Machinery sales dropped 2.7% from July and 3.5% year-over-year. Both are the signature of our ongoing phenomenal white-hot high-tech investment boom in corporate America, focused more on financial engineering than actual engineering.

Wholesales of non-durable goods fell 0.7% for the month and plunged 7.2% year-over year! Standouts: petroleum products (-36.6% year-over-year) and farm products (-12.4% year-over-year). They’ve gotten hammered by the commodities rout.

But the pharmaceutical industry is where resourcefulness shines. At $52 billion in wholesales, drugs are the largest category, durable or non-durable. And sales rose another 0.9% for the month and jumped 14% from a year ago! Price increases in an often monopolistic market can perform stunning miracles. Without them, wholesales would have looked a lot worse!


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“We Should Have Known Something Was Wrong” / by Tyler Durden on 10/09/2015 20:40

Remember when stuff such as the following was written exclusively on “conspiracy” tin-foil blogs by deranged lunatics who could not appreciate the brilliance of the neo-Keynesian system and central-planning by academics, in all its glory? Good times.

Here is Bank of America’s Athanasios Vamvakidis channeling Tyler Durden circa 2009

The real cost of QE

QE was not a free lunch after all

If only it was that easy to print our way out of a global crisis. Eight years after the crisis, we are still debating about whether the recovery has gained enough of a momentum to allow exit from crisis-driven policies and start hiking rates from zero. The world economy has actually lost momentum this year (Chart 1), deflation risks have increased (Chart 2), and EM indicators and overall market volatility have reached crisis levels (see Chart 3). All this is despite unprecedented expansion of central bank balance sheets (Chart 4). Things may have been worse otherwise, but in hindsight we believe relying too much on unconventional monetary policies was not a free lunch after all.


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