ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.
jonrappoport.wordpress.com / Jon Rappoport / April 19, 2014
The war against cancer has painted a picture of hope: genetic solutions.
This, despite the fact that there are no successful genetic treatments for any form of human cancer.
The focus on genes is a diversion from obvious causes of cancer in the environment: industrial chemicals, pollutants, pesticides, food additives, and even pharmaceuticals.
This futile gene-fix has a parallel in food crops: genetically modify plants so they can grow despite drenching them with toxic pesticides. However, massive GMO crop failures and reduced nutritive value of such crops are two reasons why the gene model fails.
dailyreckoning.com / Kate Incontrera / Apr 18, 2014
Well, I think you have to look at it in the context of how it all got started and you look back at the financial crisis of 2008, and the Austrian School would say that was inevitable. We may not have been prescient in picking the exact top or when it was gonna happen. Certain Austrian economists did do a good job of selecting.
And I talk about some of those people. The Austrian School, Mises and Hayek for example, predicted the 1929 crash and the Great Depression, and got quite a bit of notoriety as a result of that. And in 2008, a number of economists like Peter Shiff, who uses Austrian economics, or Harry Veryser, who has written a book recently – he’s an economist at the University of Detroit Mercy, who used some Austrian tools on the interest rates and money supply figures to figure out when the top was being reached – recognized that the government, the Federal Reserve in particular, but also the federal government encouraging excessive home ownership created an elixir, a combination that was – it blew up on us, to create this artificial boom, followed by collapse. So the Keynesians and the Monetarists, the standard neoclassical model was inject liquidity.
ronpaulinstitute.org / daniel mcadams / friday april 18, 2014
As usual, Secretary of State John Kerry got off on the wrong foot at his press conference in Geneva yesterday, where he announced a US/EU/Russia/Ukraine agreement to lower tensions in eastern Ukraine. In fact he again put his foot in his mouth.
After ignoring the real neo-Nazis who have infected the US-backed post-coup government in Kiev like an ebola virus, Kerry began his press conference yesterday denouncing the anti-coup protesters in the east as the real Nazis, citing an inflammatory document purportedly demanding that the Jews in the restive Donetsk region register as such with local authorities and pay a fee for the privilege.
Citing this document, an incensed John Kerry roared that:
…this is not just intolerable; it’s grotesque. It is beyond unacceptable. And any of the people who engage in these kinds of activities, from whatever party or whatever ideology or whatever place they crawl out of, there is no place for that. And unanimously, every party today joined in this condemnation of that kind of behavior.
truthingold.com / truthing / April 18, 2014 at 13:43
Gold investors look set for a bumpy ride during the next year because of the “distinct possibility” of prices falling 15 per cent, before surging by a larger amount and then tailing off again, according to a new report.
Thomson Reuters GFMS, a consultancy that publishes an influential annual gold survey, forecast this week that the average 2014 price would be $1,225 an ounce. That is 6 per cent below Thursday’s price of $1,300, and 13 per cent down on the 2013 average of $1,410.
Prices tumbled by more than a quarter last year as the 12-year bull run in gold came to an end. The fall was started by western investors in gold-backed exchange traded funds, who liquidated 880 tonnes in 2013 as developed economies continued to recover and worries over inflation receded. The sell-off was partially offset by surging demand for gold in Asia and China in particular.
London expert Alasdair Macleod returns to the SD Weekly Metals & Markets with his brilliant PM analysis, including:
1. Chinese 2013 gold demand 7,603 tons- More than DOUBLE Global Supply & mainstream estimates!
2. Macleod states that China’s total gold reserves (public & private) may be between 10 and 25,000 tons of gold!
3. Vaulting companies have never seen a 1 kilo (9999) gold bar- not one ounce is leaving China!
4. Gold being delivered from Western vaults has turned dirty- (barely .9 gold): Bullion Banks Now Scraping the Bottom of the Vaults to Source Asian Gold Demand!
5. Swiss Refiners are working 24/7, with up to 20 tons a day being sourced to China via Switzerland alone!
6. We discuss plunging GOFO rates: Macleod explains that the London Market has been Effectively Cleaned Out of Gold Below $1300, & that No One is Willing to Arbitrage the Negative GOFO Because There is No Bullion Available!
7. Alasdair provides his short & long term outlook for gold & silver, & states that Paper Currencies Face Ultimate Collapse, and that the Coming Loss of Confidence in the Dollar Could Propel Silver to $75!
Last year was a remarkable year for Bitcoin as the price of the cryptocurrency exploded unlike anything many have seen. Bitcoin put almost every other asset class to shame in 2013, starting from around 12 USD and rising to its all-time high north of 1,200 USD in November. It seems that the party is over now, however. Bitcoin has been on a structural decline recently and was listed at 363 USD at the moment of writing. The last few months have been especially painful.
Bitcoin’s Faith Has Been Decided
It is very likely that the challenges the cryptocurrency has had to deal with in the last few months have completely decided its faith. In a period of three months, Bitcoin has had to give up a lot of territory as the Mt. Gox story turned into a media frenzy and the non-believers of Bitcoin finally got to say they were right with regards to the security of the virtual currency, while Bitcoin made headlines daily.
testosteronepit.com / Don Quijones / SATURDAY, APRIL 19, 2014 AT 1:24AM
By Don Quijones, freelance writer and translator in Barcelona, Spain. Raging Bull-Shit is his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by our political and business leaders and their loyal mainstream media.
Boasting more back channels and revolving doors with national and regional governments than most other companies on the planet, Monsanto is used to getting its way. With the direct assistance of the U.S. government and diplomatic services, the company goes from strength to strength, regardless of its myriad scandals.
As California based economics blogger (& friend) Wolf Richer wrote on his blog,Testosterone Pit, its previous flagship products include:
The once harmless DDT, now banned worldwide; a family of industrial chemicals called PCBs that are now considered highly toxic; Agent Orange, the defoliant liberally used during the Vietnam War and promoted as harmless to people, with grave results for the Vietnamese and US soldiers who came in contact with it. And there was saccharine, the sweetener that ended up being a carcinogen.
More recently, Monsanto reinvented itself and decided to save mankind not with a DDT successor, but with genetically modified seeds, whether people wanted them or not.
tfmetalsreport.com / stephanie / Friday, April 18, 2014 at 1:11 pm
The stress in the air is palpable. I had actually been planning on writing an article this week on managing stress while all this craziness is going on in the world, and then I heard the sad news that Michael C. Ruppert had committed suicide. Michael C. Ruppert was a prepper, 9/11 activist, and Peak Oil proponent. He had apparently suffered from severe depression over the years, so his friends are cautioning the conspiracy-minded from concluding that he had actually been taken out.
Taking this news at face value, I feel it is incredibly important that people are taught better coping mechanisms for dealing with the stress of everything falling apart in the world. We talk a lot about prepping financially and physically, but not much is being done to “prep” people for the mental health challenges that are sure to come up if the schnitzel really does hit the fan.
Most Americans have a really poor grasp of mental health. The default go-to is to resort to popping some sort of pill or downing a mind-altering substance in the form of drugs or alcohol. Schools don’t teach kids how to manage their stress – if anything, schools are making things worse by handing out iPads like candy and encouraging kids to keep their noses in screens instead of outside playing in fresh air.
If you have watched the news or been online since last Monday, you might have heard something about the latest Internet threat to your privacy and online security — the Heartbleed bug.
The Heartbleed bug is a vulnerability in one of the principal tools used to encrypt sensitive information stored on Web servers. Information like usernames, passwords, and financial information like credit card numbers or bank accounts. The tool under attack, OpenSSL, is used by over two-thirds of all Web servers today to protect sensitive information on the Web.
As its name suggests, OpenSSL is an open source implementation of the “Secure Sockets Layer” cryptographic protocol. This “authenticates” the source of information and provides a means for determining whether a communication is from a trustworthy source.
dailyreckoning.com.au / CHRIS MAYER / APRIL 19, 2014 AT 10:00 AM
I was at a conference when I took out a dollar bill and waved it in front of the audience. I asked, ‘Why does this piece of paper have value?’ It’s interesting the range of answers I got.
One person said ‘gold,’ which has nothing to do with it. There was a time when you could demand a fixed weight in gold in exchange for a dollar, but those days are gone. Another said, ‘You can buy things with it’ — an answer that only begs the question why that it so. ‘Faith,’ said yet a third. Not quite.
The answer is one that (some) economists have known about for a long time. I’ll tell you about it below along with three other counterintuitive and seemingly bizarre conclusions about the twisted world of modern money. I don’t think you would draw it up this way if you had the chance — but it’s the way the system works.
Tax liabilities give otherwise worthless paper value. The US dollar has value because the government levies $3 trillion in tax liabilities annually and accepts only U.S. dollars in payment — which only it issues.
nutritionalanarchy.com / Melissa Melton / April 18th, 2014
I’m always making a joke that our overblown government couldn’t even get together and make a noodle salad without finding some magical way to screw it up.
Apparently, and sadly so, that snarky bit of sarcasm isn’t all that far off the mark.
Food served at a Food Safety Summit held earlier this month between several of our federal agencies including the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention, and Big Food industry giants the likes of Tyson, ConAgra and McDonald’s, actually gave some of the people who attended food poisoning.
At least four people called the Baltimore City Health Department this week to report that they developed diarrhea, nausea and other symptoms about 12 hours after eating a meal April 9 during the conference at the Baltimore Convention Center. (source)
1) “Ireland could face a debilitating period of stagnation – characterised by high unemployment, falling prices and low growth – if recovery in Europe falters”.
“Could”?! 2013 marked a year of contracting GDP and total demand. We now have six consecutive years of falling total demand (sum of domestic investment and spending by consumers and government). Unemployment is already sky-high, long term unemployment is a hinge problem. Prices are not quite falling, but growing at near-zero rate, and stripping out State controlled sectors, goods and services (something ESRI misses on every occasion, like a clock)we have deflation. So all of this “could” happen?
truthingold.com / truthing / April 18, 2014 at 14:01
Although the idea of Classical money — in practice, a gold-based currency — is not popular today in the U.S., it actually has quite a lot of support elsewhere. Both China and Russia are clearly making moves in that direction, even if perhaps in the form of contingency plans should the present dollar-based system become unusable.
However, this trend has been handicapped to some degree by the notion that enormous amounts of gold bullion need to be accumulated in vaults before any new currencies are introduced.
There are two basic reasons for this idea. The first is that this was the way it worked during the last incarnation of the world gold monetary system, the Bretton Woods system that began in 1944. During the late 1930s and up through the first part of World War II, enormous amounts of gold flowed from Europe to the U.S. Treasury for safekeeping.
Restaurants like Olive Garden and Red Lobster are struggling, while high end dining is flourishing. At GE, demand for high-end dishwashers is racing ahead of sales growth for mass-market models. The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?”
streettalklive.com / By Lance Roberts / Friday, 18 April 2014
Since Easter is a time of family, compassion, forgiveness and resurrection I thought this would be a good weekend to think about the income inequality/wealth gap which will be part of the mid-term election debate. There are many questions that must be answered from not only “how” to solve the issue, but also “should” it be?
There is no historical evidence that wealth redistribution leads to stronger economic outcomes as it discourages “hard work.” However, there is also little argument that the current state of crony capitalism and corporate greed has gotten more than just a bit out of hand.
To start our thought process in this week’s things to ponder here is a study on the wealth inequality gap in America by Politizane:
zerohedge.com / By Tyler Durden / 04/18/2014 19:48 -0400
Democratic strategists have made a blunt declaration in an election-year memo, according to AP, “Don’t talk about the economic recovery. It’s a political loser.” Stan Greenberg, James Carville and others wrote that in head-to-head polling tests the mere mention of the word “recovery” is trumped by a Republican assertion that the Obama administration has had six years to get the economy moving and its policies haven’t worked. But, but, but… stocks are at all-time highs?
thetruthwins.com / By Michael Snyder / April 18th, 2014
The dumbing down of America is accelerating. A massive federal takeover of education known as “Common Core” is attempting to impose nationwide academic standards on public schools throughout the entire country. Thanks to the backing of billionaire Bill Gates, endless promotion by the U.S. Department of Education, and financial bribes to state governments by the Obama administration, 45 states and Washington, D.C. have already agreed to implement the full Common Core standards in their schools. Unfortunately, these “standards” are doing to public education what Obamacare is doing to our health care system – absolutely ruining it. Just look at how basic math instruction has changed. Posted below is a comparison between the “old method” of subtraction and the “new method” of subtraction being taught in many of our schools. When I first came across this on Facebook, I thought that it was a joke…
I thought that there was no possible way that this could be real. I really thought that this must have come from some sort of parody website.
marketoracle.co.uk / By Mike Whitney / April 18, 2014
“Russia … is now recognized as the center of the global ‘mutiny’ against global dictatorship of the US and EU. Its generally peaceful .. approach is in direct contrast to brutal and destabilizing methods used by the US and EU…. The world is waking up to reality that there actually is, suddenly, some strong and determined resistance to Western imperialism. After decades of darkness, hope is emerging.” – Andre Vltchek, Ukraine: Lies and Realities, CounterPunch
April 15, 2014 “ICH” – “CP” – Russia is not responsible for the crisis in Ukraine. The US State Department engineered the fascist-backed coup that toppled Ukraine’s democratically-elected president Viktor Yanukovych and replaced him with the American puppet Arseniy Yatsenyuk, a former banker. Hacked phone calls reveal the critical role that Washington played in orchestrating the putsch and selecting the coup’s leaders. Moscow was not involved in any of these activities. Vladimir Putin, whatever one may think of him, has not done anything to fuel the violence and chaos that has spread across the country.
Putin’s main interest in Ukraine is commercial. 66 percent of the natural gas that Russia exports to the EU transits Ukraine. The money that Russia makes from gas sales helps to strengthen the Russian economy and raise standards of living. It also helps to make Russian oligarchs richer, the same as it does in the West. The people in Europe like the arrangement because they are able to heat their homes and businesses market-based prices. In other words, it is a good deal for both parties, buyer and seller. This is how the free market is supposed to work. The reason it doesn’t work that way presently is because the United States threw a spanner in the gears when it deposed Yanukovych. Now no one knows when things will return to normal.
theorganicprepper.ca / By Daisy Luther / April 18, 2014
When the mainstream news warns of an event that is high on every prepper’s list of concerns, it might be time to double up on your efforts to be ready for it.
Again, the vulnerability of our power grid is in the news. This time, the threat is hackers. The LA Times published an article highlighting how alarmingly simple it was for a guy in North Carolina to breach the online security of American power stations.
Adam Crain assumed that tapping into the computer networks used by power companies to keep electricity zipping through transmission lines would be nearly impossible in these days of heightened vigilance over cybersecurity.
When he discovered how wrong he was, his work sent Homeland Security Department officials into a scramble.
Crain, the owner of a small tech firm in Raleigh, N.C., along with a research partner, found penetrating transmission systems used by dozens of utilities to be startlingly easy. After they shared their discovery with beleaguered utility security officials, the Homeland Security Department began sending alerts to power grid operators, advising them to upgrade their software.
The alerts haven’t stopped because Crain keeps finding new security holes he can exploit.
China’s Ministry of Commerce (MOFCOM) announced Thursday that it will appeal a World Trade Organization ruling that China’s restrictions on rare earths, molybdenum and tungsten exports violate global trade rules.
In response to a reporter’s question during a press briefing Thursday, Ministry of Commerce spokesman Shen Danyang told reporters China would present its cross appeal to the WTO Thursday.
No matter what the outcome of the appeal, Shen said, China will continue to protect resources and environmental policy objectives will not change. China will continue to comply with the WTO rules on strengthening the management of resources products and maintaining fair competition, he stressed.
In the Land of the Free, people grow up hearing a lot of things about their freedom.
You’re told that you live in the freest country on the planet. You’re told that other nations ‘hate you’ for your freedom.
And you’re told that you have the most open and fair justice system in the world.
This justice system is supposedly founded on bedrock principles– things like a defendant being presumed innocent until proven guilty. The right to due process and an impartial hearing. The right to counsel and attorney-client privilege.
Yet each of these core pillars has been systematically dismantled over the years:
1. So that it can operate with impunity outside of the law, the federal government has set up its own secret FISA courts to rubber stamp NSA surveillance.
freedomoutpost.com / By Mac Slavo / April 18, 2014
If you were to contact a real estate agent in any major market today they’d likely advise you the market is so “hot” that if you intend on purchasing property you’d better be prepared to act fast. They’ll adamantly point out, contrary to reality, that the housing market has recovered, available inventory is dropping, prices are rising, and they can only go higher from here.
But if you’re paying attention to what’s happening around us, and not just with our own economy here in the United States, then you’d likely have noticed that while many Americans are flying high on hopes of change and recovery, there is an economic disaster of unprecedented scale in the making.
First, we know that the third largest economy in the world, China, is going through a massive credit crunch as bad loans there have soared to near all time highs, meaning that loans are quickly becoming non-existent and credit markets are now frozen. This means that no one is going to be building ghost cities and empty malls in the Peoples’ Republic again any time soon. Moreover, it means no more easy cash. We know what happened in the United States and the rest of the world when the last credit crunch hit.
LOUISVILLE, KY — When an esteemed police detective discovered that an innocent woman had spent years in prison for a murder she didn’t commit, he notified his supervisors and tried to make the tragic error known. Instead of seeing that the new evidence came to light, police brass demoted the whistleblower and kicked out of his unit. Another veteran officer stood up for the whistleblower, earning him termination from the department after decades of service. The Louisville Metropolitan Police Department has taken nefarious steps to hide a dark secret.
Detective Baron Morgan of the LMPD stumbled upon the wrongful conviction during a routine interview with a suspect in 2012. During that interview, the suspect confessed to a shooting a man and dumping his body into the Kentucky River in 1998. This posed a big problem, since the person sitting in prison for that murder was a woman named Susan Jean King.
zerohedge.com / By Tyler Durden / 04/18/2014 17:59 -0400
So what part of “All sides must refrain from any violence, intimidation or provocative actions,” did the US not understand when they decided that deploying troops to Poland was in keeping with the four-party deal? As WaPo reports, Poland and the United States will announce next week the deployment of U.S. ground forces to Poland as part of an expansion of NATO presence in Central and Eastern Europe in response to events in Ukraine.
Today King World News interviewed the former White House official who was Special Assistant to the President of the United States for Economic Policy and a former member of the U.S. President’s Working Group on Financial Markets, also known as the Plunge Protection Team, or PPT. While in the White House, Dr. Philippa “Pippa” Malmgren served as financial market advisor in the White House and functioned as the direct liaison between the White House and the Federal Reserve.
Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, and was also Chief Currency Strategist for Bankers Trust Company, and former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.
Eric King: “The belief that is out there is that they (the Chinese) are positioning themselves to have the yuan replace the dollar, or create at least an alternative to the U.S. dollar supremacy as the world’s reserve currency.”
Dr. Malmgren: “After events in Ukraine, the Russians also feel very strongly (about unseating the dollar). I think what we are going to find is that both China and Russia have entirely ceased to be buyers of U.S. Treasuries….
peakprosperity.com / By Chris Martenson / Friday, April 18, 2014, 4:10 PM
Recent entreaties by various US politicians to help wean Europe off of Russian gas are simply preposterous. The numbers don’t add up, and they never will.
Let’s begin with the facts:
16% of natural gas consumed in Europe flows through Ukraine
Mar 14, 2014
Europe, including all EU members plus Turkey, Norway, Switzerland, and the non-EU Balkan states, consumed 18.7 trillion cubic feet (Tcf) of natural gas in 2013. Russia supplied 30% (5.7 Tcf) of this volume, with a significant amount flowing through Ukraine. EIA estimates that 16% (3.0 Tcf) of the total natural gas consumed in Europe passed through Ukraine’s pipeline network, based on data reported by Gazprom and Eastern Bloc Energy. (Source)
If the US wants Europe entirely off of Russian natural gas (NG), it will have to immediately replace 5.7 trillion cubic feet per year, or 15 billion cubic feet per day.
"Many gold bugs readily admit silver to be more depressed than gold. Ted Butler stated long ago that not even gold has a users association. The fact of the existence of this group is another of many proofs that synthetic money creators hate and fear silver even more than their loathing for gold." - Charles Savoie