Stocks and Precious Metals Charts - As the Blood Flows - Madness for Your Minds and Hearts

Atë, Goddess of Delusion and Ruin, daughter of Strife and Zeus

"The mood among Germans is really bad.  There is a lot of frustration and verrohung. The common people work and can hardly make ends meet. Envy and resentment are widely spread in Germany.  When both the global financial crisis and the euro disaster come back with a vengeance, things will get pretty nasty.  You don't have to be a prophet to make that prediction. 

You just have to extrapolate the current mood in this relatively crisis-free period. Aside from the old and the dying, most Germans today have never experienced any real crisis."

Lars Schall, To Marshall Auerback on His Essay on German Voters


"Administration and Main Stream Media (MSM) say 'booming', much faster GDP and jobs growth than previous decade, but the reality is an occasional 1 or 2 quarter surge but baseline 2% growth rate trends remain unchanged.

Only growth in the stock market, other Fed inflated assets, and debt. Maybe we should ask MSM what is 'booming'. Official jobs numbers obscure 1/3 of labor force without jobs and not job seeking; job holders are a mix of full and part time; average hourly wages are rising because 'supervisors' (managers) wages are rising but flat for 90%.

Flawed startup jobs guesses (Birth Death Model) added to lift feeble  jobs created.  Payroll tax receipts are falling—  could the tax receipts decline be explained by tax cuts?

Tax cuts have primarily assisted corporations. They have had a negligible effect on payrolls taxes. Weak withholding receipts reflects continuing rise in part time workers and low wage substituting for full time workers.

And keep in mind the little growth that did take place was debt driven. Despite all the 'booming economy' cheerleading, the data shows a flat trajectory for growth at around 2% for the last decade, despite mountains of 'stimulus'.

A chart of the Dow looks rather different, suggesting all the stimulus went into the stock market instead.

The US economy is not booming. It has begun gradual slowdown. Housing and autos slump is just the most visible indicator of broad based downturn-"

Harold Malmgren

And into the pockets of the one percent.  QED

Trump was on the TV after the close, emphasizing that there is indeed a crisis on our border, even though the imminent threat of the caravan is laughable, and easily shown to be made up spin for the election.  They want to scare you into obedience for their own benefit.

He led off his speech this afternoon with the notion that unworthy immigrants are flooding into our country, and straining our resources, greedily and ungratefully taking things that should be used by honest hard-working and law-abiding people.   They are obviously parasites, bringing disease and crime and drugs.

This is the same argument, and similar imagery, that was widely used to prepare the German people for the detention and eventual holocaust of the disabled, and the different, and political opponents, and the Jews.   They were literally depicted as rats, overrunning the productive economy, and draining and poisoning it for those who are worthy.

Most will write this off as nonsense from unscrupulous politicians and their enablers ahead of the mid-term elections.   And that may very well be the case.  Trump is as changeable as the wind in his lying.  And a liar he is, from the beginning.

But like my German friend whom I quote above, there is concern that this penchant for unreasoned anger and accommodating retreat into the lies will lead to much worse things, and likely, blood in the streets, when the next crisis comes.

Glenn Greenwald just delivered a warning about this 'fire in men's minds' from Brazil.

Those who have been looting and rigging the economy for years are backing a campaign to create distractions and set up scapegoats.  Ask yourselves, who benefits from all this?  Who is ending up with most of the money and assets, and dishing out the lies and the pain and division for everyone else?

We in America are insular, and are accustomed to looking down our noses at the problems in the rest of the world, and thanking God for our exceptionalism and national virtue.

Let us be reminded that here, already, because of this filthy hate and these endless lies, we have just witnessed the worst incident of antisemitic murder in the history of this nation. 

And that it was perpetrated by a man who allowed his mind to be poisoned by this filthy rubbish from the alt-media, nurtured in a bed of lies, and stoked to a white hot fire of hate in online commentary.

Let that sink in.   The murders have begun.  Sociopaths may welcome this.   You will not.

This is not who we are.

Pray for the faith and the strength to shun the lies, and remain standing until the end.  And don't spend your time worrying about the speck in your neighbor's eye and their shortcomings;  tend to yourself, and you will have more than enough to do.

If you think you have already reached perfection, pray to God to show you your sins, so that you may repent of them here and now.  And that will keep you busy for the rest of your life.

And in this lies your hope, and a light worth following. 

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Bill Binney In His Own Words: 'A Collaborative Conspiracy to Subvert the Government of the US'

"None are more hopelessly enslaved than those who falsely believe that they are free."

Johann Wolfgang von Goethe

William Edward Binney is a former highly placed intelligence official with the United States National Security Agency (NSA) turned whistleblower who resigned on October 31, 2001, after more than 30 years with the agency.

He was a high-profile critic of his former employers during the George W. Bush administration, and later criticized the NSA's data collection policies during the Barack Obama administration.

In 2016, he said the U.S. intelligence community's assessment that Russia interfered in the 2016 presidential election was false.

Wikipedia, Bill Binney

Because of his analysis in conjunction with Veteran Intelligent Professionals for Sanity (VIPS) that has tended to carefully debunk the Russia Russia narrative, Binney has not been given much airtime on certain channels within the mainstream news media.  So like you I had not heard of him except recently when reading something else.

I found this recent interview to be very interesting.  I am not qualified or sufficiently well-informed to assess it, but listen to it for yourself and see what you think. It would seem to be worth your time at least.

He has some good things to say about Donald Trump and draining the swamp. And you know how I feel about his Presidency. So there must be something there for me to find it worth hearing.

He discussed a number of controversial topics including 9/11, etc.

Binney certainly has the right pedigree to be an informed whistleblower, and he has never been brought to heel or silenced, so he must have something going for him.  He does seem to be extraordinarily well-informed. I would imagine that if it was possible that he would be charged or discredited or smeared.

Three Interesting Interviews on King World News

John Williams of Shadow Government Statistics on the Economy

• US is in the structural change of an Economic Depression and is starting the next leg down.
  
  
• Heavy dumping of US dollar assets is coming which will inhibit the Fed's ability to monetize and the Treasury's ability to issue new debt; this will trigger very serious inflation problems leading to genuine hyperinflation.

Ted Butler on the weekly action in the Precious Metals Markets

• Friday's price declines on Friday were nothing but 'crooked dealers on the Comex trying to liquidate as many technical funds and speculative longs as possible.
  
  
• You cannot rule anything out in a manipulated market, but the selling appears to be coming to an end.
  
  
• In the Financial Reform Bill the Congress has given strong direction to the CFTC to look into position limits. (The CFTC now has all the tools they need to regulate the manipulation in the US markets, but I am not holding my breath while Gary Gensler is in office as Chairman. - Jesse)

Matt Simmons on the Oil Markets and the Gulf Oil Spill

• BP has been lying and covering up the incident in the Gulf of Mexico from day one, because of the risk of criminal prosecution for gross negligence
  
  
• People who live in the Gulf states are still in danger because of lethal methane gas. A hurricane may bring up a poisonous lake of toxic oil from the bottom of the Gulf. He believes that we might be facing one of the largest losses of life from a natural non-war related disaster.
  
  
• The practical solution is a small diameter nuclear device to glass over the well bore. The nuclear device offers no risk.
  
  
• The skimmers are only wiping up the scum but are not addressing the real problem.
  
  
• BP will have to be liquidated to cover all the claims. Apache might buy the North Slope of Alaska which is a good development because BP is irresponsible. BP's stock will effectively become worthless.
  
  
• BP continues to perjure itself and manipulate the press. They are distracting attention from the real problem which is a much bigger leak that cannot be controlled by this cap.

Both John Williams and Ted Butler make sense to me, since they talk about areas in which I have experience and adequate knowledge for a probability.

I do not know enough or have enough data to have an informed opinion on what Matt Simmons is saying. It is hard to believe that the government could be so incompetent to take the risks that he outlines. It should be relatively easy for the US Navy to lead an effort to ascertain if some of the things that he says is true.

If he is wrong, then his reputation and credibility will be destroyed. If he is right, the Obama government, BP, and possibly the corporatocracy will be brought down in a spasm of popular rage.

I sincerely hope he is completely wrong, and would have to view some of his claims with skepticism until proof emerges.

False flag in September, anyone? You just know that is being teed up as an option on Obama's policy plate by the neo-Machiavelians in his administration.

Obama Gives Us a Hint: Look for a Hot Jobs Number on Friday - Mission Accomplished

Since he is the commander-in-chief of the Washington bureaucracy that churns out government statistics, it is a good bet that the boss' expectations will be met by those who serve him. So watch those short positions into this Friday's Non-Farm Payrolls report. The President has declared that an economic recovery is at hand.

Obama gave a longish speech at Carnegie Mellon University in Pittsburgh today blaming most of the problems in the US on the Republicans and a few greedy Banks, extolling the reforms in healthcare and the financial system that he has been able to push through despite the minority opposition, and recalcitrant leftish supporters, after he saved the country by the unfortunate but unavoidably necessary bank bailouts.

His speech sounded good. And if you do not look too closely at what is going on, and how things are being run, and the lack of actual reform, you might have had a feel good moment. It was about as effectively staged as the case that George W made to the American people for the invasion of Iraq. And it was probably just as phony and self-serving.

I come away feeling that Lincoln had it exactly right. There will be a die hard group who will never lose faith in their party, or any of their chosen leaders, and will find desperate comfort in partisan blindness.

"If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. It is true that you may fool all of the people some of the time; you can even fool some of the people all of the time; but you can't fool all of the people all of the time." Abraham Lincoln

But the great majority of the American people are waking up, and that spells trouble in the November elections for most incumbent politicians. So the pace and velocity of the spin will have to be adjusted. Hence the speech today. And the outlook for the tortured American economic system, and the official descriptions of it.

For a refresher, here is Matt Taibbi's caustic expose of the financial reform process. Wall Street's War

Dow Jones Newswire
Obama Says He Expects Strong US Jobs Report Friday
By Jared A. Favole

WASHINGTON -(Dow Jones)- President Barack Obama, speaking Wednesday at Carnegie Mellon University on the economy, said he expects strong job growth to be reported Friday.

The Labor Department is scheduled to report May's employment statistics Friday. Economists expect the unemployment rate to slide to 9.7% from 9.9% in April and for the report to show the U.S. added as many as 515,000 jobs last month after non farm payrolls rose by 290,000 in April.

Obama said an economy that was "once shrinking at an alarming rate" has now grown for three consecutive quarters and is moving in the right direction.

I watched this speech live on Bloomberg television. It is no exaggeration. Obama was declaring mission accomplished, for the record. So if something beyond his control should happen to derail the recovery, well, that could not be his fault.