James Turk: Gold To Explode Higher As US Debt To Be Downgraded !
- Turk – Gold To Explode Higher As US Debt To Be Downgraded !
by www.kingworldnews.com
On the heels of the Fed decision and continued volatility in gold and silver, today King World News interviewed James Turk out of Europe. Turk stunned KWN by saying that US debt is about to be downgraded once again. Turk also warned, “The reality is the Fed is losing control,” and the Fed is now being “overwhelmed.” He went on to say that all of this means right now we are going to see an “upside explosion” in both gold and silver.
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Here is what Turk had to say: “The Federal Reserve has made another announcement, Eric, and each one of their proclamations makes it more obvious that the Fed is no longer in the driver’s seat. It is just rehashing the same stuff. The reality is the Fed is losing control. It is slowly but surely being overwhelmed by events, and particularly, the reality that US government finances are out of control.”
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“The 800-pound gorilla in the room is the US government’s horrendous deficits and addiction to debt. The Fed is keeping interest rates low to sustain the illusion that the US government is solvent, while hoping that low rates will also jump-start the US economy and thereby increase federal tax revenue to service the mountain of debt.
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But despite all of the money printing by the Fed from buying government paper, the economy remains in the doldrums, so the US government’s financial position is becoming increasingly precarious….
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read more!
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Romney Threatens War-Murder on Iran, Repeats Obama/Bush ‘Wipe Off The Map’ Lie!
Be careful of all the lies and propaganda of the Zionist Illuminist western MSM !
- Romney threatens war-murder on Iran, repeats Obama/Bush ‘wipe off the map’ lie!
by Carl Herman, http://www.examiner.com/
The Telegraph’s 2-minute video shows Mr. Romney claiming Iran’s leaders would “wipe Israel off the map.” Mr. Romney’s senior national security advisor stated that Mr. Romney would “respect” Israel if they initiate armed attack on Iran for alleged “malevolent nuclear intentions.”
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President Obama last threatened to war-murder Iranians with British PM Cameron in March. Their press conference included multiple and additional demonizations of Iran’s government.
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Mr. Romney and Mr. Obama are repeating a known lie about Iranian president Ahmadinejad’s 2005 speech that anyone can verify by reading the speech. To lie that a national president threatens the existence of another nation is the most egregious lie imaginable.
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In the speech section in question, Ahmadinejad said people once thought it was impossible to remove the Shah as Iran’s dictator, but it was done. He then said that people thought the Soviet government and Saddam’s government would never fall. He then quoted a religious leader’s words from speeches he gave encouraging Iran’s persistence to oppose the Shah’s occupying regime. The speech’s crystal-clear content and context is to encourage people to persist for justice from Israel’s government because they act as an occupying regime against Palestine.
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US corporate media lie in omission of this known fact that the content of the speech shows zero threat to Israel, and lie in commission to “report” that Iran somehow threatens Israel.
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Mr. Romney, Mr. Obama, and corporate media lie in omission that all inspections find Iran’s treaty-guaranteed programs for legal nuclear energy and medical isotopes fully accountable. They link the lie of “wiping off the map” with the lie of a “nuclear program” in criminal attempt to expand current wars onto Iran.
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These two US “leaders” and corporate media make additional and numerous demonizations of Iran that are Orwellian opposite of the facts:
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The US waged unlawful war on Iran for 35 consecutive years with the overthrow of their democracy in 1953, and then supporting Iraq’s War of Aggression from 1980-1988 that war-murdered ~ one million Iranians.
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US corporate media lie in omission that US wars in Iraq and Afghanistan are in direct violation of war law and UN Security Council Resolutions, and that all “reasons” for those wars are disclosed by US government agency reports as known lies as they were told.
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This is immediate and vital history when considering the same actors’ rhetoric with a new war target. These 1% political/corporate media lies are typical for US Wars of Aggression going back to stealing half of Mexico in 1846 (Occupy This: US History exposes the 1%’s crimes then and now (6-part series) and the briefer US war history in 2 minutes: arrest US War Criminals to stop war on Iran).
Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
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Wag the Dog: Media Publish Photoshop Forgery To Sell Image of War Torn Syria!
- Wag the Dog: Media Publish Photoshop Forgery to Sell Image of War Torn Syria!
by Aaron Dykes, www.Infowars.com
While mainstream press have been hailing the virtues of the alliance between al Qaeda, the Syrian Free Army and the West in opposing Assad in Syria, they’ve also been caught once again “faking the war” to play up sympathy for an all out invasion.
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Austria’s largest daily paper, Kronen Zeitung, with some 3 million readers daily, published this sympathetic photo, seemingly portraying a man carrying a baby and a woman in burka fleeing from some war-torn corner of Aleppo. However, it was later exposed to be a Photoshop forgery, juxtaposing the people walking on a normal looking corner with that of a blown out city block ravaged by heavy damage.
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The subjects were apparently taken from the previously-published file photo credited to the European Pressphoto Agency, as the publishing notes next to the image indicate. The revealing side by side comparison was first posted to Reddit.com. Gizmodo points out:
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Just to be clear, the family in the photograph is, in fact, in Syria; the original photo (on the right) came from the European Pressphoto Agency. But merely fleeing a city ravaged by guns and mortars apparently isn’t quite dramatic enough on its own. The editors of the Krone—as it’s commonly called—needed this baby to sing.
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A nearly identical example of war propaganda is depicted in the 1997 film Wag the Dog, where green screen technology was used to place an actor in a studio with a kitten in a war torn zone in Bosnia:
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read more!
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Iran Warns Turkey Not To Invade Syria!
- Iran Warns Turkey Not to Invade Syria!
by Jason Ditz, http://antiwar.com/
The ever-growing Turkish bellicosity toward Syria has apparently gotten some serious attention from its neighbors today, as reports have Iran issuing “very strong warnings” to Turkey cautioning them not to invade Syria.
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“Any attack on Syrian territory will meet with a harsh response, and the Iranian-Syrian mutual defence agreement will be activated,” the statement reportedly said. Turkey’s president and foreign minister have both issued statements recently suggesting an attack could be forthcoming.
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And indeed, as Turkey continues to rail on about Syria’s ceding of Syrian Kurdistan to the PKK, one unnamed Arab diplomat reported that a deal is already in place between Turkey and the United States to use the PKK as a “pretext” for an invasion of northern Syria.
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Turkey and Iran had been on relatively good terms in recent year, but then Turkey and Syria had a long-standing alliance which is entirely in ruins now as well. Turkey’s interest in imposing a Sunni Arab nationalist regime in Syria dovetails nicely with its hope to keep the nation’s Kurds tightly controlled, but an invasion to that end risks blowing up not only Kurdistan, but the entire Middle East.
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Banks Demand that The FedRes And ECB “Try Every Last Thing They Can” to Save Their Hyperinflated Ass!
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- QE, money printing, creating a massive amount of money out of thin air, is not about helping the real economy. It is not about helping the sheeple, Mr Joe Public, Main Street. It is about saving the Illuminist banks. Both US and UK have indulged in QE times. Did QE1, QE2, QE lite … work? Of course, it did not!
- - Deflation means asset prices go into a period of sustained decline. It is a death sentence for banks. For eg. banks loan out money to house buyers using their property as collateral. Say they loan out US$1M to a couple to buy a house. Should the couple lose their job and default on payment, the banks will take the house as collateral. In a period of deflation, house prices are declining. The house price will end up far lower than the outstanding US$1M loan amount. The bank’s balance sheet will show negative equity for such properties ie. Loss.
- - In a period of deflation, banks will end up holding collateral that are rapidly declining in value. It may be real estate, factory machineries … etc. Banks will collapse! This is what is happening in the western world now. Although, there is commodity price inflation, asset prices are falling, in particular real estate. To save these banks, the central banksters need to drive up asset prices ie. inflate! Say an asset with book value of US$1M but market value of US$200K (ie. negative equity of US$800K); by hyperinflating, this asset can easily cross the US$1M mark and thus be a profit and not a loss! So all debts, liabilities and losses can be hyper-inflated away. If a bank is fined US$100B for Libor fraud, when hyperinflation kicks in and a cup of coffee costs US$10B, US$100B is no big deal !
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Banks Demand that the Fed and ECB “Try Every Last Thing They Can” to Save Their Hyperinflated Ass!
by http://larouchepac.com/
U.S. Treasury Secretary Tim Geithner, wanted on this side of the Atlantic for criminal complicity with the banks’ LIBOR looting rampage, spent July 30th in Germany, where he tried to break every available limb of German Finance Minister Wolfgang Schaeuble’s, to get him and Chancellor Angela Merkel to go along with the hyperinflationary bailout strategy uttered last week by ECB head Mario Draghi.
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The “Weimaristas” that Geithner represents are desperate beyond words. They are putting on a full-court press to get the U.S. Fed (at this week’s Tuesday-Wed FOMC meeting), the ECB (at its Thursday rate-setting meeting), and the Bank of England (which also meets Thursday), to print money like there’s no tomorrow. A Bloomberg wire quoted JP Morgan’s chief U.S. economist Michael Feroli saying: “They [the Fed and the ECB] are at the end of their rope and are probably searching for every last option for what they can do… You can’t rule anything out, because they’re going to flail around and try every last thing they can.”
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In the same vein, the London Telegraph‘s Angela Monaghan writes that there is “mounting speculation of a dramatic intervention by the ECB to arrest the crisis engulfing the region.”
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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