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Funding for Naples Bus Service Cut 40% With Predictable Results: Buses Run Out of Gas

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Thursday, January 31, 2013 6:01 PM

A 40% funding cut to bus services in Naples, Italy had predictable results: Bus Service Grinds to Halt as Tanks Run Dry

Bus service in the southern Italian city of Naples has ground to a halt after the [...]

The Civilian Disarmament Dialectic

lewrockwell.com / By William Norman Grigg / January 31, 2013

The Opinion page in today’s Idaho Press-Tribune published side-by-side op-ed columns by Canyon County Sheriff Kieran Donahue and Ada County Sheriff Gary Raney on the subject of proposed civilian disarmament measures. (The essays are hidden behind the paper’s ridiculous paywall.) The comparison is quite [...]

A massive 43.26 tonnes of gold standing for delivery/Japanese gold hits record levels./Japanese citizens flock to gold/silver production drops to only 33 million oz./ More troubles for Monte dei Paschi/More troubles for the head honchos in Spain/

harveyorgan.blogspot.com / January 31, 2013

Good evening Ladies and Gentlemen:

Gold closed down $20.10 to finish the comex session at $1660.60. Silver also fell by 81 cents to finish the day at $31.34. As I promised to you, the bankers decided that it was necessary to blast the price of silver and gold down. [...]

How The Middle Class is Victim to the World’s Biggest Scam

dailyreckoning.com.au / By Bill Bonner / January 31st, 2013

We’ve been exploring the site of a disaster. The pieces are scattered all over. The survivors are many…but few are without scars and open wounds.

If you measure inflation properly, the damage has been much worse than most people realised. At 10% per year, few [...]

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

theeconomiccollapseblog.com / By Michael Snyder / January 31st, 2013

You better get ready, because there are a whole host of signs that economic trouble is on the horizon. U.S. economic growth slipped into negative territory during the fourth quarter of 2012. That was the first time that has happened in more than three years. [...]

Crunching Complex Concepts In The Corner – Caption Contest

zerohedge.com / By Tyler Durden / January 31, 2013, 18:11

Is this what tax season prep looks like when you have a Congressionally-imposed ban from using TurboTax? We will let readers decide…

Zero Hedge

Gold price rigging is as old as gold itself

gata.org / By Chris Powell / Thursday, January 31, 2013

Dear Friend of GATA and Gold:

Writing today for Forbes, the economist, fund manager, and author Nathan Lewis proves that Harry Truman was right about gold as well as everything else insofar as “the only thing new in the world is the [...]

Ross Beaty: We’ll See Price & Supply Shocks In Metals This Year; Here Are The Reasons Why

bullmarketthinking.com / By Tekoa Da Silva / January 31, 2013

I had the great opportunity yesterday to connect with legendary resource developer & financier, Ross Beaty, founder and chairman of the $2.7B Pan American Silver Corp., and executive chairman of Alterra Power Corp. Throughout his 37 year career, Ross has generated an [...]

Are we reaching a tipping point in the stock market? 4 million fewer jobs from peak but corporate profits at record levels. Consumer confidence dips yet stocks keep moving up.

mybudget360.com / By mybudget360 / January 31, 2013

As the Dow flirted with 14,000 and the S&P 500 hit 1,500 the typical American is losing their confidence and also reflects a stock market that diverges from the interests of the Americans worker. Given that many of the S&P 500 companies earn a sizable portion of [...]

Immigration and Freedom

lewrockwell.com / By Andrew P. Napolitano / January 31, 2013

As President Obama and Congress grapple for prominence in the debate over immigration, both have lost sight of the true nature of the issue at hand.

The issue the politicians and bureaucrats would rather avoid is the natural law. The natural law [...]

Fraud, Fraud Everywhere

blog.milesfranklin.com / By Andrew Hoffman / January 31st, 2013

In 2013 America, the official government strategy is LYING – in all imaginable ways. And if you haven’t figured this out yet, you shortly will.

Since the economy peaked at the turn of the Century – and global debt levels EXPLODED; TPTB have “altered” the [...]

Santelli To Forecasting ‘Fail’ Fed: “Let Market Forces Reign”

zerohedge.com / By Tyler Durden / January 31, 2013, 16:51

While cogitating on yesterday’s weak GDP print, CNBC’s Rick Santelli confirmed his view that forecasting is complex (at best) and impossible (most likely). The 2010 view of the Fed was that 2012 growth would be 3.5-4% – quite a destructive miss as it turned out; [...]

Mali and AFRICOM’s Africa Agenda: Target China

boilingfrogspost.com / By William Engdahl / January 31, 2013

Out of the blue in the last days Mali has suddenly become the focus of world attention. France has been asked to militarily intervene by Mali’s government to drive Jihadist terrorists out of the large parts of the country they claim. What the conflict in Mali [...]

Help Wanted Index Pointing To Employment Slowdown?

streettalklive.com / By Lance Roberts / Thursday, January 31, 2013

The Conference Board publishes a monthly “help wanted” index which tracks the number of Total Online Help Wanted Ads and the Number of New Ads. The data for this series currently goes back to 2005 after revisions to the index were made. (The original data [...]

“The Politics Of Removal”: Dressing Up French Unemployment

testosteronepit.com / By Wolf Richter / January 30, 2013

Ugly unemployment numbers are politically inconvenient in democracies. Red-faced politicians have to come up with excuses, and entire elections can be lost over them. So, every country has implemented inscrutable statistical systems to make unemployment look better, or less disastrous, regardless of what [...]

In Amerika Law No Longer Exists: The Extermination of Truth

thedailybell.com / By Paul Craig Roberts / January 31, 2013

In the 21st century Americans have experienced an extraordinary collapse in the rule of law and in their constitutional protections. Today American citizens, once a free people protected by law, can be assassinated and detained in prison indefinitely without any evidence being presented to a [...]

REALIST NEWS – Did the elite’s news agencies just telegraph the next inside job/attack on America?

jsnip4, Published on Jan 31, 2013

http://www.washingtontimes.com/news/2013/jan/30/inside-the-ring-new-al-qaeda-…

A jihadist website posted a new threat by al Qaeda this week that promises to conduct “shocking” attacks on the United States and the West.

The posting appeared on the Ansar al Mujahidin network Sunday and carried the headline, “Map of al Qaeda and its future strikes.”

[...]

Economic News Just In: Ben Bernanke Linked to Global Warming

dailyreckoning.com.au / By Nick Hubble / January 31st, 2013

Oh blast! Things were looking up for the global economy. American house prices rose 5.5% from last year, Chinese GDP rebounded, and our very own mining boom is yet to ‘peak’ according to Access Economics. The result of all the good news was [...]

Student hospitalized after shooting at Atlanta middle school

  Watch the latest video at video.foxnews.com

foxnews.com / January 31, 2013

Authorities say a 14-year-old student was hospitalized Thursday after being shot in the head at an Atlanta middle school.

Authorities say the student was shot outside of a building at Price Middle School.

WAGA reports the student was alert and conscious before being [...]

QB Projects Shadow Gold Price To Be $15,000 In One Year!

kingworldnews.com / January 31, 2013

Today the man who’s firm is well know for its $10,000 gold call told King World News he now believes that the price of gold should be substantially higher based on what has transpired with central banks. Here is what Paul Brodsky, co-founder of QB Asset Management, [...]

Germany Repatriates Its Gold

mises.org / by Mark Thornton / Thursday, January 31, 2013

On Wednesday, January 16 the German Central Bank (i.e., Bundesbank) announced that it was going to repatriate some of its gold reserves currently being held at the New York Fed and all of its gold reserves held by the Banque de France. It had [...]

Short-Term Palliatives And The 5 Terrible Tendencies Of Government

zerohedge.com / by Tyler Durden / 01/31/2013 13:27 -0500

Excerpted from Seth Klarman’s Baupost 2012 Letter to investors,

Absent an immediate crisis – and sometimes in the face of one – governments will often struggle to meet great challenges. Michael Boskin, former chairman of George H. W. Bush’s Council of Economic Advisors, recently described [...]

The FOMC Decision and US Q4 GDP Data

Meet the FOMC’s new lone hawk: Esther George of the Kansas Fed.

acting-man.com / By Pater Tenebrarum / January 31, 2013

FOMC Statement Tracking

Kremlinologists can as always find a detailed comparison of the December and January FOMC statements at the WSJ’s statement tracker. The main difference to the December statement was the [...]

New York Governor’s Approval Rating Plunges 15 Points After Gun Control Passed

libertyblitzkrieg.com / By Michael Krieger / January 31, 2013

I guess even New Yorkers don’t like it when a politician uses a tragedy to immediately jam through gun control legislation. I wonder how many people will actually register their guns as that would be an interesting act of civil disobedience. These political [...]

Monthly Closings Today

armstrongeconomics.com / By Martin Armstrong / January 31, 2013

In gold, a closing below 16960 will shift this market into a neutral position. Next month, 16700-16900 will become initial resistance.The major support lies at the 15400-15700 area.

In silver the major support is in the 26-2700 level. A closing today below 3070 [...]

Three Per Day: Walmart Limits Ammo Sales

thedailysheeple.com / By The Daily Sheeple / January 31st, 2013

Amid reports that Walmart stores around the country would hold off on re-stocking their shelves of ammunition in the wake of the Newtown Sandy Hook shooting, the world’s largest retail chain says no such policy has been implemented.

But, due to surging demand for [...]

Silver – Nothing Doin’ Yet

traderdannorcini.blogspot.com / By Dan Norcini / Thursday, January 31, 2013

Yesterday silver looked as if it was setting up to make another test run at stubborn overhead resistance near the $32.50 level, the top of its recent trading range. Today – well, to put it bluntly, “nothin’ doin’”.

The ferocity of the [...]

Truth In Reporting

truthingold.blogspot.com / By Dave in Denver / January 31, 2013

By now everyone has seen the reports of the unexpected decline in Q4 GDP reported yesterday. Of course, the decline was blamed by the White House and the media on a decline in Government spending. But I wanted to bring to everyone’s attention the [...]

Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Thursday, January 31, 2013 12:07 PM

To compute “Real GDP” one has to adjust nominal GDP by a measure of inflation. Different measures of inflation provide different answers.

Doug Short at Advisor Perspectives has an excellent column following every GDP release showing what the reported GDP would look [...]

17th Century Irish Gold Stash From Time Of Conquest & Rebellion Found in Pub

silvervigilante.com / By SV / January 31, 2013

A hoard of gold coins dating back nearly 400 years

has been found in the foundation of a Tipperary pub…and then reported to the government by the construction worker(s) who found it. The value of the 81 gold coins (hopefully for the workers’ sake there were [...]