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Historic Drought, Giant Dust Storms And Massive Power Grid Failures – A Glimpse Into Our Future

endoftheamericandream.com / July 31, 2012

This week has provided two very clear examples of why it is so important to keep on prepping. In the United States, the historic drought ravaging the central part of the country is absolutely devastating our crops. According to the U.S. Department of Agriculture, drought is affecting nearly 90 [...]

FOMC Preview – Rate Extension But No NEW QE

zerohedge.com / By Tyler Durden / July 31, 2012

The Hilsenrath-Haggle Federal Open Market Committee (FOMC) is likely to ease monetary policy at the July 31-August 1 meeting in response to the continued weakness of the economic data and the persistent downside risks from the crisis in Europe. While we expect nothing [...]

Jordan Roy-Byrne – The Majority of Gold Bull’s Profits Are Yet To Come

financialsurvivalnetwork.com / July 31, 2012

Download: Jordan_Roy-Byrne_07-31-2012.mp3 //

Jordan Roy-Byrne is a frequent contributor to Financial Survival Network. He’s seeing a definite precious metals’ market bottom and says there’s a number of confirmatory signals that have been flashing as well. Perhaps the most important indicator is that the amount of gold purportedly [...]

New Bill Threatens to EFFECTIVELY BAN ONLINE SALES OF AMMUNITION

shtfplan.com / By Mac Slavo / July 30, 2012

With the United Nations poised to sign an international arms treaty that would regulate global arms sales and ownership, and Congressional members just days ago attempting to sneak a nationwide restriction on “high capacity magazines” into a cyber security bill, the attack on [...]

Spanish and Italian Yields Back Up Again / Germany Again Says ‘No’ to Draghi and the Boys / Greece Out of Money

harveyorgan.blogspot.ca / By Harvey Organ / July 31, 2012

Good evening Ladies and Gentlemen:

Gold closed down today with most of the drop occurring after London was put to bed. The closing price of gold at 1;30 pm today was $1610.40 down $9.30. The price of silver held up pretty good down only 12 [...]

Mike Maloney tells Ben Bernanke to “Quit and Close the Federal Reserve!”

Welcome to Capital Account. The FOMC’s two day meeting starts today and the ECB will meet later this week, amid the heightened expectations that the central banks are moving toward new actions. But, according to the Wall Street Journal, doubts linger as to whether central banks even have the tools to fix the economic [...]

Silver needs gold’s coat tails to rise further

mineweb.com / By Geoff Candy / July 31, 2012

GRONINGEN (MINEWEB) -

The bottom for silver prices looks to have been reached recently says, David Morgan, but, in order for prices to start moving upwards, gold is going to have to lead the way.

Speaking to Mineweb.com’s Metals Weekly podcast, the author [...]

Europe, US & Gold Ahead Of Crucial Fed & ECB Meetings

kingworldnews.com / July 31, 2012

With market participants eagerly awaiting decisions by both the Fed and the ECB, today King World News interviewed 25 year veteran Caesar Bryan over at Gabelli & Company, which has over $31 billion under management. Here is what Ceasar had to say regarding the upcoming central bank [...]

July 31: Gold and Silver End Modestly Lower

silverseek.com / By Chris Mullen / July 31, 2012

The Metals:

Gold dipped $2.50 to $1619.60 in Asia before it rebounded to $1627.75 at about 8:45AM EST, but it then fell back off for most of the rest of trade and ended near its early afternoon low of $1610.84 with a loss [...]

Tourist Attacked with Hammer in NYC…Mayor Bloomberg Demands Hammer Control Legislation

libertyblitzkrieg.com / By Michael Krieger / July 31, 2012

A Spanish tourist from Barcelona sitting quietly with his wife on a bench in City Hall Park yesterday was bashed in the head with a hammer by a crazed Brooklyn man. The Spanish tourist, Hugo Alejandro, suffered a fractured skull and is in [...]

Ron Hera – Take Xanax For The Greater Depression

financialsurvivalnetwork.com / July 31, 2012

Download: Ron_Hera_07-31-2012.mp3 //

Hera Research’s Ron Hera was with us today. He painted a very unpleasant picture of the US economy, and to a lesser extent the world economy. The actual inflation, which is higher than the propagandistic reported rate, means the economy has actually been contracting for [...]

The Obama Welfare State

truthingold.blogspot.com / BY DAVE IN DENVER / July 31, 2012

If voting made any difference they wouldn’t let us do it – Mark Twain

Facebook stock hit a new low today. It’s currently trading at $21.68, 43% below its IPO price, in less than 2 1/2 months since going public. I know [...]

Bankers responsible for eurozone debt crisis

Several eurozone member-states, including Greece and Spain, have been struggling with deep economic woes since the bloc’s financial crisis began roughly five years ago.

Confessions of an Insider Trading M&A Attorney Sentenced to 12 Years in Prison

jessescrossroadscafe.blogspot.ca / By Jesse / July 31, 2012

Matthew Kluger’s rationalization, self-defense, and righteous indignation is interesting.

“We had a gentlemen’s agreement. My accomplices cheated me!”

But it does illustrate the familiar axiom: There is no honor among thieves.

And you just have to love the line from Matthew Kluger’s full interview, not included in [...]

Recent Gold Hype Sounds Like Grade-School Chant; Five Non-Hype Reasons to Own Gold

globaleconomicanalysis.blogspot.ca / By Mike “Mish” Shedlock / July 31, 2012

Reader David emailed a link to GATA, SHAKA ZULU, And The Coming Gold/Silver STORM! with a note “please see fit to write about this!!!”

The article is by Bill Murphy, the Gold Anti-Trust Action Committee (GATA) chairman. Here are the key snips.

[...]

This Is What 670 Million People Without Power Look Like: Pictures From A Blacked Out India

zerohedge.com / By Tyler Durden / July 31, 2012

First thing today we reported that India just suffered what may have been the biggest blackout in history, after half of the country’s population of 1.2 billion, or just under 700 million was without power, as the electric grid of more than a [...]

The Spanish economic crisis: ‘Yo Invito – ¿Dónde está mi dinero?’

Published on Jul 31, 2012 by GoldMoneyNews

What caused the Spanish economic crisis, and how safe is your money in banks? Maria Blanco, economist and member of the Instituto Juan de Mariana; Doctor in Economics Juan Castaneda; Marion Mueller, founder of OroyFinanzas.com; and Expansion.com journalist Miquel Roig discuss this and more over [...]

ESM Banking License? Not Happening as Merkel Allies Harden Opposition

globaleconomicanaylysis.blogspot.ca / By Mike “Mish” Shedlock / July 31, 2012

So far it’s been nothing but hot air and no action from ECB president Mario Draghi after he pledged to do whatever it takes to save the euro.

One of the highly-touted ideas as of late has been a ESM banking license. [...]

Daily Gold Market Report

usagold.com / By Peter A. Grant / July 31, 2012

31-Jul (USAGOLD) — Gold remains generally well bid, holding gains above the 100-day moving average as the markets await the outcome of the two-day FOMC meeting that begins today. Additionally, the ECB will announce policy on Thursday.

While the market — and [...]

Five Big Lessons Big Ben Has Learned as Fed Chairman

wealthwire.com / By Brittany Stepniak / July 31, 2012

It’s unlikely that Ben Bernanke had any real idea of the stress and struggles he was getting himself into when he accepted his prestigious, yet demanding, position as the chairman of the Federal Reserve.

Everyone expected him to make some mistakes along the [...]

We’ve Always Been at War with Eastasia

washingtonsblog.com / by George Washington / July 31, 2012

Western Governments’ Orwellian Alliance with Al Qaeda

In George Orwell’s novel 1984, the country of Oceania has been in a war against Eurasia for years.

Oceania suddenly switches sides, naming Eastasia as its enemy and making its mortal enemy, Eurasia, its new ally.

[...]

Gold and Silver Win By Default

blog.milesfranklin.com / By David Schectman / July 31, 2012

READ THE FULL NEWSLETTER

I sense we are very close to breaking out from the nine-month correction in gold and silver. The verdict will be in when gold tops $1630 and then $1650. Some analysts are waiting around for gold to cross over [...]

KWN – Special Tuesday Consumer Confidence ‘Chart Mania’

kingworldnews.com / July 31, 2012

One of the things central planners look at very closely is Consumer Confidence. This is one of the important pieces of the puzzle, all over the world, when it comes to setting monetary policy. Today top Citi analyst Tom Fitzpatrick put together another ‘Chartapalooza,’ this time covering [...]

Justice Roberts is Right: The Plan Won’t Work

europac.net / By Peter Schiff / July 30, 2012

Now that the Supreme Court has given its narrow blessing to the Affordable Care Act, the big question is whether it will deliver the benefits that its proponents promise. Unfortunately, as it is now constructed, the plan will backfire causing fewer healthy people [...]

California To Borrow $10 Billion From Wall Street

silvervigilante.com / By SV / July 31, 2012

California is set to borrow $10 billion from Wall Street the week of 13 August. The most indebted U.S. state will use the money to pay its bills for the rest of the year, according to Treasurer Billy Lockyer. JP Morgan Chase & Co. and Wells [...]

Caution ahead of the Fed

traderdannorcini.blogspot.com / By Dan Norcini / July 31, 2012

With all the hype preceding this week’s Fed meeting, not to mention the usual circus atmosphere surrounding some potential action from the ECB, my advice to both gold and silver traders is to be EXTREMELY CAUTIOUS. The market has worked itself into a [...]

Have you noticed this very deceptive form of inflation?

sovereignman.com / By Simon Black / July 31, 2012

Every summer, my colleagues and I invite young people from all over the world for an intensive 4-day workshop about freedom and entrepreneurship.

This year’s workshop just concluded yesterday afternoon, and it was, without doubt, the best one ever.

58 students attended from countries as [...]

Going Nowhere Fast

tfmetalsreport.com / by Turd Ferguson / Tuesday, July 31, 2012 at 10:23 am

I had hoped that Tuesday would provide some excitement. Nope. We are in Dullsville while everyone awaits the FOMC tomorrow. To kill the time, I found something we definitely need to discuss.

Last night, ZeroHedge decided to dip into their archives [...]

What the Credit Boom Left Behind

dailyreckoning.com.au / By Greg Canavan / July 31, 2012 Hot on the heels of our comments yesterday about the high cost of doing just about anything and everything in Australia, today’s Australiantells us $200 billion worth of resource projects are at risk because of…high costs! The article cites a report, due for release today, [...]

Imminent Silver Price Explosion

beaconequity.com / By Dominique de Kevelioc de Bailleul / July 31, 2012

Silver has perked its head up and sniffed the next round to hyperinflation is on the way. Load up the truck; it’s expected to be the best ride, yet. Here’s why:

No less than three articles penned by well-placed journalists [...]