Archive for October, 2011

WI State Assembly to take up ‘castle doctrine’ bill

“People who shoot intruders in their homes, businesses or vehicles would get powerful new legal protections under a bill scheduled to come before the Assembly on Tuesday.

In the proposal, courts in both criminal cases and civil lawsuits would presume in most cases that property owners using deadly force had acted reasonably against anyone unlawfully inside their residence, whether they were armed or threatening or not. The proposal is sometimes known as “castle doctrine” legislation, a reference to the saying that one’s home is one’s castle.

The Assembly will take up the bill the same day that Wisconsin becomes the 49th state in the country to allow the concealed carry of firearms by people with the proper permit. The bill could come up in the Senate as quickly as Wednesday.”

Via Milwaukee Journal Sentential

Categories: Wisconsin News

Silver Price: Silver Tsunami From India

“To understand the potential of the silver price moon-shotting as the “investment of the decade,” according to Sprott Asset Management’s Eric Sprott, investors must wrap their minds around India’s tsunami demand for the metal in the coming years, which is expected to soar as the country’s 1.1 billion consumers rapidly rise in global per capita purchasing power parity (PPP).
When the talk of Indian gold jewelry demand arises, the gold tonnage imported to India is typically cited. And it’s breathtaking, with a lot of that gold slated for India’s spiritual season, called Deepavali, or ‘Festival of Lights,’ which begins in mid-October and ends in mid-November.

The World Gold Council anticipates India to import 1,000 tons of gold by 2012, or maybe even this year, as yearly imports to the second-most populated nation of the world expected to reach the equivalent of Switzerland’s total gold reserves.”

Via Before Its News

Categories: Uncategorized

Police Deploy Weaponized Drones To “Enhance Protection and Safety of Citizens”

“As the government tightens its grip on everything from internet traffic to consumer purchasing habits they’ll need new technologies to maintain law and order in the new American paradigm.

The latest weapon’s system to be added to the police state quiver is the ShadowHawk Unmanned Aerial Vehicle, slated to be the eye-in-the-sky over Montgomery County, Texas, which has a population of about 500,000 people and neighbors the Greater Houston metropolitan area.”

Via SHTF Plan

The very angry first lady Michelle Obama

“Michelle’s back, and she’s madder than ever. She was already pretty angry, seemingly unhappy with just about everything. As her husband wrapped up the Democratic nomination in 2008, she let fly her real feelings: “For the first time in my adult lifetime, I’m really proud of my country.” A few months into her job as first lady, her French counterpart asked how she liked the gig: “Don’t ask!” she reportedly spat. “It’s hell. I can’t stand it!”

She even seems to be mad at her silver-tongued husband. When the two were to set off on a luxurious 10-day vacation to Martha’s Vineyard, she left early – four hours early – and flew up alone. And those private vacations. She’s traveled to some of the world’s most plush resorts, taking 42 days off in the past year – that’d be eight weeks of vacay time if she held down a normal job.”

Via Washington Times

Categories: Uncategorized

Let Them Eat Cake: 10 Examples Of How The Elite Are Savagely Mocking The Poor

“There is absolutely nothing wrong with working hard and making a lot of money, but there is something wrong with being completely arrogant and smug about it. Today, many among the elite are savagely mocking the poor, and that is a huge mistake. You shouldn’t kick people when they are down. There are tens of millions of Americans that are deeply frustrated about losing their homes, losing their jobs or barely being able to survive in this economy. These frustrations have been one of the primary reasons for the rise of the Tea Party movement and the rise of the Occupy Wall Street movement. What these movements have in common is that people in both movements are sick and tired of the status quo and they want something to be done about our broken system. There are huge numbers of families out there right now that have just about reached the end of their ropes. Instead of showing compassion, many of the ultra-wealthy have decided that it is funny to mock the poor and those that are suffering. So how are all of these protesters going to respond to the “let them eat cake” attitude of the Wall Street elite? The protesters are being told that nothing that they can do will change anything and that they should be grateful for what Wall Street and the ultra-wealthy have done for them. They are essentially being told that they should just shut up and go home. So will we see these protest movements become discouraged and die down, or will the patronizing attitudes of so many among the elite just inflame them even further?”

Via The Economic Collapse Blog

Categories: Uncategorized

U.S. Planning Troop Buildup in Gulf After Exit From Iraq

“The Obama administration plans to bolster the American military presence in the Persian Gulf after it withdraws the remaining troops from Iraq this year, according to officials and diplomats. That repositioning could include new combat forces in Kuwait able to respond to a collapse of security in Iraq or a military confrontation with Iran. “

Via NY Times

Categories: Uncategorized

Peter Schiff Takes on Cornell West and the 99%

“We were stuck in Chicago O’Hare. Our connecting flight to New York had been delayed by several hours. What made it all unbearable, however, was Cornel West.

The television monitors are inescapable these days. We’re not sure when it happened, but there’s hardly a corner of the waiting area to hide from them. At the airports, they’re all tuned to the same station. We believe it’s called the Talking Head Channel (THC). We can’t be sure. It’s been years since we’ve owned a television, and we haven’t kept up on the offerings.

What caught our attention, however, was footage of Peter Schiff among the Occupy Wall Street protesters. He was holding a microphone and a sign that said, “I’m the 1%. Let’s talk.””

Via Whiskey and Gunpowder

Categories: Uncategorized

16 Reasons Why Mitt Romney Would Be A Really, Really Bad President

“At this point, it appears very likely that Mitt Romney is going to be the Republican nominee for president in 2012. He has raised far more money than any of the other candidates, he is leading or is near the lead in all of the early states, the mainstream media have anointed him as the frontrunner and a number of recent polls show that most Republicans fully expect Romney to win the nomination. So will Mitt Romney be the next president of the United States? Well, he certainly fits the part. He looks like a president and he speaks very well. But when you look at what he really stands for that is where things become very troubling. The truth is that Mitt Romney is either very wrong or very “soft” on every single major issue. It would be a huge understatement to refer to Mitt Romney as a RINO (“Republican in name only”). When you closely examine their positions, there is very, very little difference between Mitt Romney and Barack Obama. Sure, Romney and Obama will say the “right things” to the voters during election season, but the reality is that a Romney administration would be so similar to an Obama administration that you would hardly know that a change has taken place. What you are about to read about Mitt Romney should alarm you very much. Mitt Romney would be a an absolute disaster for this country, and America cannot afford another disastrous presidency.”

Via End of the American Dream

Categories: Uncategorized

Why the latest eurozone bail-out is destined to fail within weeks

“As someone who works in financial services, I follow the markets – in the West, across Asia and the entire world – closer than most. Since the Bear Stearns collapse in March 2008, through the demise of Lehman Brothers and its ghastly aftermath, much of my professional life has been dominated by the angry flashing of those little lights on a Bloomberg screen.

In recent years, the violent gyrations on financial markets have been deeply discomforting, causing angst among market professionals, like me – but that is the least significant aspect. For those little lights represent, of course, the ebbs and flows of cash which, in turn, determines the fate of real businesses. It is at the sharp end of employment and livelihoods, dispossessed homes and broken families that the human impact of financial turbulence is most keenly felt. “

Via Telegraph

Categories: Uncategorized

Eric Janszen: We Are Witnessing The Death Of The Dollar

October 29, 2011 1 comment

“What do you get when the producer of the world’s reserve currency takes on too much debt? Nothing less than the end of the US Treasury-based monetary system.

So says Eric Jansen, economic and financial market analyst and proprietor of In chronicling the decline of the global economy over the past decade, Eric has formulated a framework called the “Ka-POOM” theory, which endeavors to understand how the immense run-up in global debt will be resolved.

In short, it looks at the at the credit bubble that began in the early 1980′s, started accelerating in 1995, and has now reached epic proportions. The amounts are so staggering at this stage that Eric believes it is too politically undesirable to let natural market adjustments clear them away – the magnitude of the deflationary pain this would create is simply unacceptable for politicians looking to get re-elected. The only other available option left is to service these debts via a dramatically devalued currency. Hence the key role the Fed is playing today.”

Via Zero Hedge

Categories: Debt, Economy

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