“The global “shadow” banking system is unraveling, with dire consequences for financial assets and failed policies.
We’re not used to things falling apart, and so our first reaction is disorientation. What we’ve been trained
to expect by constant intervention in supposedly “open” markets is that Central States and central banks will “save the day” with a new intervention: an interest rate cut, a new round of money-printing, emergency loans, new bailout funds, the list has been almost endless since the initial evidence of the Great Unraveling appeared in 2007.
So when official interventions are announced to great fanfare and then fail to goose the market, we’re disoriented. John Hussman neatly summarized the insanity of a market propped up only by constant official manipulation:”"
Via Zero Hedge
“Central banks in eurozone countries are making contingency plans for the possible collapse of the euro.Demand for money-printing services is expected to soar as old national currencies prepare for a come-back.
The Central Bank of Ireland is doing an evaluation of its need for additional printing capacity in case it has to go back to producing Irish pound notes, according to the Wall Street Journal.
The bank is one of several in the eurozone with printing capabilities of its own, currently used to churn out new euro bills. Last year, Ireland printed 127.5 million 10-euro notes.
However, the bank’s printing capacities may not meet demand should the country need to come up with a hasty replacement for the euro. Officials are discussing reactivating old printers or enlisting a private contractor to do the job, a knowledgeable source told the newspaper.”
Via RT News
“If you and your family store up lots of food, will you be identified as “potential terrorists” by law enforcement authorities? That sounds like an insane question, but sadly it has gotten to the point where “preparing for the worst” has become a “suspicious activity”. Today, there are millions of preppers all across the United States, and the vast majority of them just want to be left alone and do not want the government to interfere in their lives. Storing up food is a completely peaceful activity, and preppers are generally some of the most patriotic and law-abiding people that you could ever hope to meet. Unfortunately, prepping has become associated with “extremism” by many in the government, and lately we have seen some very disturbing signs that authorities are actively seeking to gather information on preppers. So are preppers now considered to be potential terrorists? Well, read the evidence posted in the rest of this article and decide for yourself.”
“On Thursday, Stewart Rhodes of Oath Keepers posted a bulletin on the organization’s blog reporting on federal agents demanding a food storage cannery in Tennessee turn over customer lists so they might discover who is purchasing bulk storable foods and storing it at the facility owned by Mormons.
As Rhodes notes, it is part of Mormon Church religious doctrine to store food for hard times and emergencies. Church doctrine states that each family store a year’s worth of basic dry goods along with three months worth of store-bought canned and boxed foods. “These Church canneries also often sell food storage items to non-church members, seeing it as both morally right and prudent to help their neighbors store food, whatever their faith,” Rhodes explains.”
Via Info Wars
“Investors should stick with commodities and even invest in things like farmland over the coming years for growth and safety, says noted commodities bull Jim Rogers.
Commodities prices may have dipped recently, but those declines were due in part to the bankruptcy of MF Global, a major player in the asset class.
Once MF Global accounts are liquidated and the market digests the company’s failure, expect natural resources to continue climbing.
“I’m putting my money into real assets, things like commodities and natural resources because if the world economy gets better, I’m going to make money because of shortages and if the world economy doesn’t get better, which is possible and maybe even probable, governments are going to print money,” Rogers told Newsmax.TV in an exclusive interview.
“When they print money, you need to protect yourself in silver or rice — you pick natural resources. That’s how you protect yourself and possibly make a lot of money,” Rogers said.”
Via Before It’s News
“10. Congress took a “machete” to the budget in August.
9. In order to win, the GOP wants to sabotage the economy.
8. Who cares about a Soros’ sponsored effort to remake global economy?
7. With 7 billion on the planet, it’s time to panic.
6. Apocalypse Al is a “genius,” and climate change is a real threat.
5. The jobs are right around the corner.
4. Occupy Wall Street is the new Tea Party.
3. Green jobs are the future.
2. $52 million from Soros doesn’t mean we’re biased.
1. “We are the 99 percent.”"
Via Before It’s News
““But the owner couldn’t see the extension because all the filings in the case were sealed, and was not allowed to testify in court to ask for his property back, says TechDirt.”
The saga finally came to a close when the owner was handed back control of the website only yesterday.
The lesson to take from this is that Homeland Security can now just claim your website contains copyrighted material with no evidence whatsoever and seize it without any recourse.”
Via Activist Post
“The holidays are upon us but, alas, the task of successfully preparing our homes and families for an emergency is ongoing and does not end just because the calendar indicates a special day is coming up.
Today, surrounded by the warmth and cheer of the December holiday season, I present Month 3 of 12 from 12 Months of Prepping, One Month at a Time.
Let’s start with the supplies and gear.”
Via Activist Post
“The recent publicity surrounding the very old news that members of Congress aren’t prohibited from trading stock using nonpublic information has the House and Senate running for cover. Hastily drafted bills are picking up co-sponsors on both sides of the aisle.
Yet it is something of a wonder that there is so much public excitement at the discovery that regulations that apply to lots of other people turn out to be largely irrelevant to those who serve in Congress. This isn’t an exception to congressional practice. It is, far too often, business as usual. “