- This is Marc Faber at his forthright, outrageous and hilarious best. He presents a broad overview of the economic conditions of each region with great analysis and understanding. This is a must listen to all who follow Austrian economics!
- The Zionist propaganda machine is once again trying to portray itself as the victim and is justified in using violence in the face of self-defence. They are the experts at rewriting history and a bunch of pathological liars!
Israel Forces Fired On Sleeping Civillians Under Cover Of Darkness
While the Israeli government is praising it’s soldiers as heroes and saying they were acting in self defence by firing on unarmed civilians flying a white flag in international waters, one group involved with the Freedom Flotilla has a quite different story.
A spokeswoman for Israel Defence Forces (IDF), Avital Leibovich, claims that Israeli officers gave several warnings before boarding the the Turkish boat, the Mavi Marmara. Somehow, according to Leibovich, when the soldiers did board the boat, they were then attacked by unarmed activists and relieved of their guns – a claim that is not backed up by video footage of the ambush.
Leibovich told reporters “We found ourselves in the middle of a lynching,” “We didn’t look for confrontation but it was a massive attack,” she said. “What happened was a last resort.” This story is on its face ridiculous.
The following press release came from Freegaza.com , one of the aid groups involved in the flotilla, in the wake of the attack:
Under darkness of night, Israeli commandoes dropped from a helicopter onto the Turkish passenger ship, Mavi Marmara, and began to shoot the moment their feet hit the deck. They fired directly into the crowd of civilians asleep. According to the live video from the ship, two have been killed, and 31 injured. Al Jazeera has just confirmed the numbers. Streaming video shows the Israeli soldiers shooting at civilians, and our last SPOT beacon said, “HELP, we are being contacted by the Israelis.”
As things currently stand 20 people are thought to have been killed in the attack.
While the IDF and the Israeli government claim that their soldiers were attacked by violent political agitators wielding knives, several videos of those on board the boats and scenes from their voyage reveal that they are peaceful civilians that could not possibly constitute any threat to one of the most powerful armies on the planet.
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- Tensions around the world are palpable. The Korean crisis and now Zionist Israel’s murder of peace activists onboard the ship to Gaza are bringing the world closer to war. And I mean global nuclear war. In times like this, gold is always the preferred currency! Dan Burrows writes:
…. you don’t have to be a member of the build-a-bunker-in-Montana crowd to believe gold could hit $2,500 in the next couple of years. David Rosenberg, chief economist and strategist at Canada’s Gluskin Sheff, tends to be pretty bearish, but he’s also about as dispassionate and data-driven a guy as you can find. In other words, he’s hardly some kooky gold bug. And if past relationships among data sets hold up, gold fever is just getting started, Rosenberg says.
“There is no doubt that when benchmarked against the CPI, money supply and GDP, gold can easily double from here,” Rosenberg told clients in a Tuesday report. “Demand is always difficult to forecast, especially for jewelry, but we do know that central banks have very deep pockets and bought more gold last year (425 tons) than at any other time since 1964.”
A Simple Matter of Supply and Demand
Which brings us to the issue of stagnant supply, and that too favors a sustained bull market in gold, Rosenberg says. Global mined production of the ductile metal hasn’t increased in a decade — and has actually declined outright in five of the past eight years. Furthermore, almost all the gold that’s easy to dig up — and therefore cheaper to get at — has been unearthed. Gold companies in South Africa have to drill as much as 2.3 miles to get to new deposits. Meanwhile, all Federal Reserve Chairman Ben Bernanke has to do to create currency “is press a button,” Rosenberg says.
“What makes gold different is that, unlike paper money backed by the good word of the government, it has withstood the test of time for thousands of years,” Rosenberg writes. “It is not the liability of any government. It has an inelastic supply curve. How many times is gold mentioned in the Old Testament? Try 391 times. How many times is paper currency mentioned from Noah, to Abraham, to Moses? None. Nada. Efes. Gornisht. Nihil. Rien. Nichts. Niente.”
For better or worse, gold does double duty as a safe haven in times of volatility and as a hedge against inflation. Anxiety is gold’s friend, and for that reason its future gleams bright — at least until the next global financial panic scares the punters out.