Hat Tip: BB
How sweet… They look like such good, progressive buds, don’t they?
By: Mac Salvo
Leading trend forecaster Gerald Celente, of the Trends Research Institute, discusses a host of issues and topics with Infowars Nightly News host Alex Jones. Among other things, Celente says he’s never seen a summer like 2011, and warns that this Winter will not be a good one for Americans:
Gerald Celente On Collapse and Depression:
When is it going to collapse? As I’ve said, I’ve never seen a summer like this. I think we’re going to see the Winter of Discontent… You’re going to start seeing an unraveling more and more every day as you watch the news. So, October is my month, and it’s only a guesstimate, that we’re going to see the big unraveling.
Even if it doesn’t happen in October, because you don’t know what phony schemes they’re going to come up with, it’s going to happen eventually. And, that’s why I’m fully invested in gold.
Look at housing. How many times did they say the real estate market is turning around. It’s worse. It’s worse than it was during the Great Depression, and it’s only going to get worse.
We’re seeing a collapse happening. It’s an economic collapse worldwide.
China’s not going to make it out of it, Brazil’s not going to. That old saying ‘when America sneezes the world catches a cold’ – we’re the largest consumers hands down. Us and Europe are going under.
What we’re telling people is, know where you’re money is, because we’re going to see bank failures one after another.
On Civil Unrest:
Look what’s going on in the UK. Look at the riots – they called them hooligans and criminals. It’s the same thing that’s happening around the world. And it’s going to happen here in the U.S.
You know my saying, ‘when people lose everything, and they have nothing left to lose, they lose.’ And they’re losing it.
Use the UK as your model. They’re taking away all civil liberties.
What happens is, the more the government loses control, the harder they are going to crack down on us.
So, when you see a society where so many young people have no educations, they can’t get jobs, they’re wacked out on drugs… you think you’re going to see a lot more violence?
…The response is going to be ‘we gotta crack down on crime.’ The worse crime becomes, the harder they’re going to crack down on us.
They’ll use it… just as the United States used 9/11 to rape us of our Constitutional rights.
On Fear and Hysteria:
Look for a false flag attack – be it terror, or something along the line of fear and hysteria. Things are going to get very ugly. Crime is going to escalate at levels we’ve never seen before. The presstitutes are going to keep coming out with these phony figures, just like they do with inflation, just like they do with unemployment. They’re going to come out with them in crime.
On SHTF Planning:
You better learn how to protect yourself. Gerald Celente’s three G’s. Gold, Guns and a Getaway Plan. Because it’s not going to be nice.
Watch the full two-part interview:
By: Mac Slavo
This week we returned from a trip to the Eurozone where we met with a host of different people across many countries and several industries. All of the indicators we’re seeing – construction starts, bank lending, personal borrowing habits, economic growth, and even the (lack of) items in grocery store carts – suggest that Europe is on the brink, though as is generally the case, the average European has no clue what’s coming their way.
The most alarming situation we identified is one relating to the purchase of gold coins and bullion – specifically in the country of Austria – but one that will likely make its way across the EU if it hasn’t already. Unlike the United States, where gold and silver can be purchased through traditional methods like visiting a local dealer directly, or even placing an order on the internet, it is much more difficult to find a gold/silver dealer outside of Germany or Switzerland. As a result, those individuals interested in acquiring gold are left with purchasing directly from local bank branches.
Had you visited an Austrian bank three months ago, you would have had absolutely no problem purchasing a large quantity of gold/silver from the bank. You’d simply call the bank about 24 – 48 hours in advance, let them know you’re coming and how much you needed, and you’d personally pick up your order within a couple days.
A new trend in Austrian (and perhaps the rest of Europe’s) banking policies suggests that certain interested parties are attempting to control the sale and personal acquisition of gold/silver as safe haven assets. What we experienced first hand should be a wake up call for not just Europeans, but Americans as well.
The policy change was quiet, has not been reported by any media outlets that we’re aware of, and no mention of the new policies is made on the web sites of Austria’s largest banking institutions (though it is clear they vehemently comply with U.S. anti-money laundering measures and the Patriot Act)
According to the bank representatives and manager we spoke with, Austrian banks have now been ordered to restrict the sale of gold and silver bullion purchases and are limiting personal acquisitions of precious metals to 15,000€ (approximately $20,700 USD) at a time, or 11 ounces of gold at today’s prices.
Upon further discussion we learned that these policies were implemented over the course of the last 30 days, and they are now standard operating procedure. The reason given was the banks had come under pressure from EU, Austrian and U.S. officials, with this particular manager specifically citing U.S. money laundering initiatives and the EU’s Third EU Money Laundering Directive which was implemented across the zone in December of 2007.
The idea that these restrictions have been put in place as anti-money laundering measures is laughable. As we all know, if a drug cartel or other criminal organization wanted to launder money, they wouldn’t do it in person purchasing bullion coins at a local banking branch. They’d simply pick up the phone and contact a too-big-too-fail bank (video), as we’ve seen with the billions of dollars recently laundered through U.S. banks. You may remember there was very little reporting on this issue from mainstream media and it has been ignored by U.S. prosecutors.
As Austria is one of the more developed nations in the Euro Zone, there is a strong likelihood that they are not the sole country implementing these new policies – and that this has been, or soon will be, implemented across the entirety of EU nations.
To the average European and American this may not mean much. But if you’ve been paying attention to the events unfolding over the last several years, it’s becoming clear that the economies of the EU and US are under threat of a significant and potentially permanent financial collapse. This morning, IMF managing director Christine Lagarde was quoted as saying that the situation is so dire, “policymakers should stand ready, as needed, to take more action to support the recovery, including through unconventional measures.”
The new gold and silver purchasing limits would certainly qualify as unconventional, along with other recent proposed measures by EU officials and business leaders. One such proposal from Italian business leaders calls for all cash transactions over 300 Euro (About $400 USD) to be banned, and to be permitted only in electronic format.
The global trend across industrialized nations for the last twenty years has been to move towards a cashless society, but one that still utilizes centrally planned currencies. While central banks, large institutional funds and wealthy private investors across the world continue to buy up gold, governments seem to be moving quickly to restrict the ability of average people to do the same – and they are rapidly implementing policies to either restrict or track these types of transactions.
Many cities around the country, such as Houston, TX, have passed identification requirements that force sellers of precious metals to present a valid form of ID at the time of sale. Like Europe, the U.S. is expeditiously implementing direct methods of tracking these transactions, as well as indirect methods that target those who may be engaging in suspicious activities, namely using cash, as per FBI and Homeland Security bulletins issued last month.
The noose is tightening. Governments, large financial institutions and political chess players know exactly where real value exists. And it’s certainly not in the currencies that are being printed with reckless abandon.
In remembrance of all those who perished on 09/11/2001 – we will never forget… Never.
The Council has spoken, the votes have been cast and the results are in for this weeks’ Watcher’s Council contest, carved eternally in the records of our secret archives hidden in a forgotten Knight’s Templar headquarters near Islay.
This weeks’ winner by a nose in the Council category, Joshuapundit‘s The Secret Blue State Plan To Steal The 2012 Elections, focused on a well funded, well organized and little known plan by prominent Progressives to make the electoral college irrelevant and disenfranchise the voters of individual states in national elections by legislative diktat and examined who’s behind it. Here’s a slice:
The deep Blue states above all have something in common. They’re all ruled by solid Democrat majorities in their State Legislatures and they’ve all passed legislation designed to favor Democrat urban strongholds, disenfranchise less populated Red States and have a decisive effect on the 2012 election.
And very few people know about it.
The legislation is known as The National Popular Vote bill, and there’s an ongoing attempt to get it passed in as many states as possible. It’s mainly being championed by Democrats, with a sprinkling of Republicans to give it the aura of ‘bi-partisanship’.
The states above control 138 electoral votes. Because they’ve all signed on to The National Popular Vote Act, those electoral votes will automatically go to the candidate who gets the most popular votes nationally – regardless of how the citizens of these states actually vote.
For instance, let’s say that in 2012 the largely Republican voters in downstate Illinois and some of the suburbs manage to outvote the Democrats, corpses, illegal aliens and vagrants put together by the ward bosses and the machine in Chicago and Cook County. Because the Democrats in the Illinois Legislature have managed to push the National Popular Vote Act through, Illinois’ 20 electoral votes would go not necessarily to the Republican candidate the majority of voters in the state chose but to whichever candidate got the majority of votes nationally. If Barack Obama were to win the popular vote nationally by even as little as 100 votes, Illinois’ 20 electoral votes will automatically go him.
This scenario is also known as Al Gore’s wet dream.
None of these states held a referendum on this. It was all done by legislative fiat.
In our non-Council category, the winner was Christopher Hitchens‘ reflection on the lessons and legacy of 9/11, Simply Evil submitted by The Watcher.
Here are this week’s full results:
- *First place with 2 2/3 votes! – Joshuapundit – The Secret Blue State Plan To Steal The 2012 Elections
- Second place with 2 1/3 votes – The Razor – A Short List of Lessons Since 9-11
- Third place with 1 2/3 vote – The Noisy Room – The Hate That Never Ended
- Fourth place with 1 1/3 votes – Simply Jews – Iran irked by errors in Qurans from China
- Fifth place with 1 vote – Bookworm Room – Paul Krugman And Potemkin Jobs
- Sixth place *t* with 2/3 vote – The Colossus Of Rhodey – Evidence that racism must not really be a problem anymore
- Sixth place *t* with 2/3 vote – New Zeal – Rep. Dennis Kucinich, Russian Sympathizer
- Sixth place *t* with 2/3 vote – Right Truth – The Meaning Of Memorial For 9/11
- Sixth place *t* with 2/3 vote – GrEaT sAtAn”S gIrLfRiEnD – What If 9/11 Never Happened?
- Seventh place *t* with 1/3 vote -The Political Commentator – Obama jobs speech: This time with feeling!
- *First place with 2 2/3 votes! – Christopher Hitchens – Simply Evil submitted by The Watcher
- Second place with 1 2/3 votes – Accuracy In Media – Media Prepare Russian Treaty Trap for the U.S. submitted by New Zeal
- Third place *t* with 1 1/3 votes – Patterico – Bad Facts Make Bad (ADA) Law; The Case of the Alcoholic Truck Driver submitted by The Colossus of Rhodey
- Third place *t* with 1 1/3 votes – Zen Pundit – R2P is a Doctrine Designed to Strike Down the Hand that Wields It submitted by The Glittering Eye
- Third place *t* with 1 1/3 votes – The Moral Liberal – The Art Of Political Rhetoric submitted by Right Truth
- Fourth place with 1 vote – Andrew McCarthy – How the NYPD Gets Jihad Right submitted by Joshuapundit
- Fifth place *t* with 2/3 vote – Commentary/Omri Ceren – New York Times not even bothering to source their anti-Israel partisans submitted by Bookworm Room
- Fifth place *t* with 2/3 vote – MISH’S Global Economic Trend Analysis – Deutsche Bank CEO says “It’s Obvious Many Banks Will Not Survive if Forced to Value Sovereign Debt at Market Prices” submitted by The Political Commentator
- Fifth place *t* with 2/3 vote – The Passing Parade – Dr. Strangetuber, Or How I learned To Stop Worrying And Love The Potato submitted by Simply Jews
- Sixth place *t* with 1/3 vote – Fear, Honor and Interest – Libya: Airpower, SOF and the NTC submitted by GrEaT sAtAn”S gIrLfRiEnD
- Sixth place *t* with 1/3 vote – Business Insider/Nassim Taleb – The American Economy Will Transfer $5 Trillion To Banker Pay And Bonuses Over The Next 10 Years submitted by The Razor