Keeping our Eyes on the Prize:
I remember very well, where I was on this day, 4 years ago. I was flying high throughout the entire month of April. I’d just started a new job, but on May 1st, 2011, like many of you, I was glued to the computer screen all day long, with a gut-wrenching feeling in the pit of my stomach. Because,4 years ago today…..Blythe Masters and Jamie Dimon, along with various agents of the US government, began a carpet bombing of silver that lasted nearly a whole business week.Instead of having a pathetic pity party today though,I’m going to do something veeeeeery different! I’m going to give you a “Silver SitRep” in the struggle we’re in, from a bird’s eye view. I want to draw attention to what you and I are up against, in order to acquire our silver. What we face in getting our silver, is getting more difficult by the day. By the way, I’m not talking about the banks making it more difficult, but other, very different factors. You see, I’m convinced we’re closer than ever to the end of Bretton Woods II, and the Great Reset, and I say that because of silver.Silver is my main barometer.
- Why is JP Morgan accumulating the biggest stockpile of physical silver in history? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today – Set to soar to over $50 again
JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver, the world has ever seen.
The total JP Morgan silver stockpile has increased dramatically in the last four years. In 2011, JP Morgan has little or no physical silver. By 2012, they had acquired 5 million ounces of silver bullion. Read more ›
We discuss cartels and trust-busting in these days of algorithms engaged in ‘horizontal collusion’ and ‘conscious parallelism.’ We look at the health care industry that is exempt from the Sherman Antitrust Act and what future it portends in a day of big data monopolies, oligopolies and cartels. In the second half, Max interviews activist and author, David DeGraw, about Russell Brand’s Revolution, the Occupy movement and about his new book, “Freedom in a time of mental slavery.”
UPDATE from Stacy: Ugh, one sees how abuse by Ofcom leaves broadcasters like quivering little babies afraid to offend even one person. At 11.23 Max says ‘farts’ which is, for some reason bleeped. I then had funny response to which he responded hysterically. I will post you the full uncensored version on Monday.
Baltimore, Maryland is in many ways the perfect microcosm for these United States of America. If you still don’t get that, you’ll be in for a rude awakening in the years ahead.
A gradual erosion of the Constitution and the civl rights of the citizenry, the abuse of power by people in authority, perverse financial incentives that lead to horrible outcomes, zero accountability, and a ubiquitous surveillance state apparatus; Baltimore has it all. Yet all of these troubling traits have also come to characterize early 21st century America.
As tends to be the case, the populations that have been victimized the longest and most systemically — in Baltimore and across the U.S. — are the poor, weak and disenfranchised. Like a cancer, corruption, theft, and blatant abuse of the citizenry by the powerful will spread and spread until it consumes everything unless the tumor is removed. It has now spread so deeply and so dangerously throughout American life, the general public will soon have no choice but to confront it and do something about it, or face a total extinction of opportunity and suffer the same desperate fate as the people out in the streets of Baltimore.
The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets.
The financial markets don’t just dominate the economy–they now control everything. In 1999, the BBC broadcast a 4-part documentary by Adam Curtis, The Mayfair Set ( Episode 1: “Who Pays Wins” 58 minutes), that explored the way financial markets have come to dominate not just the economy but the political process and society.
In effect, politicians now look to the markets for policy guidance, and any market turbulence now causes governments to quickly amend their policies to “rescue” the all-important markets from instability.
- U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter - U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure - Large inventory build up in the U.S. may mask deep recession - Zero percent interest policies (ZIRP) to continue despite suggestions to contrary - Global economy vulnerable to recession and depression
U.S. and U.K. GDP slowed very sharply in first quarter of 2015. Latest data confirms the rapid slowdown despite stock markets booming in the UK, U.S. and globally.
This highlights the major disconnect between the real economy and a financial sector intoxified by easy money. Read more ›