The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Sunday, March 26, 2017

Gold and silver climb on Sunday open as dollar within 70 bps of critical 200 day moving average

As markets opened for Asian trading on Sunday evening in the Western time zones, the dollar continued its slide downward following the House's failure to bring about a healthcare vote to the floor.  And with gold moving up nearly $10 in the first couple hours of global trading, it may only be a matter of days or even hours before the dollar falls below, and gold crosses above, their 200 day moving averages.

On Friday the dollar index showed a close for the USD of 99.77, and had already dropped below its 50 and 100 day moving averages earlier in the week.  And with Congress appearing to be in a stalemate following the healthcare vote debacle, the markets are not trusting in the legislature to be able to deal with upcoming debt ceiling discussion that is currently ticking down for the government.


Gold and silver on the other hand are both becoming beneficiaries of the dollars free fall, and the Fed's inability to deal with economies ongoing stagflation.


Saturday, October 24, 2015

Got Karatbars? Social Security again at serious risk from U.S. insolvency as Nov. 2 approaches

In the U.S. there are over 46 million Americans on food stamps alone, and over 100 million who rely upon government benefits to some degree.  And with the U.S. coffers approaching insolvency as soon as Nov. 2, tens of millions of Americans who need their social security checks as their primary source of income stand to lose everything if Congress doesn't vote to increase the national debt limit to just under $20 trillion.

The definition of insolvency is having less revenues or assets than you do debt and liabilities.  And with a national debt of at least $18.1 trillion dollars obligated to debt holders like China, Japan, Russia, and even the Federal Reserve itself, this massive liability is much greater than the total annual GDP for the United States, which came in at $17.48 trillion for the year ending 2014.


Yet why is the current debate over raising the national debt for an insolvent country important?  It is because the promises and mandates the U.S. has to its welfare and social security recipients are being held hostage by the Obama administration, and show that these ponzi schemes cannot function on the taxes withheld from everyone's paycheck each month, and instead require new money in the form of debt just to be able to make these monthly payments.
Appearing on "Fox News Sunday," Lew said that "I don't think there are serious people who think the consequences" of being forced by the debt ceiling to miss a payment on the government's obligations "would be minimal." 
Lew warned that missing any payment could cause economic disruptions, and mentioned one negative effect of a debt ceiling delay that up until now the administration has shied away from, namely the possibility that the government could fail to pay the bills of its most popular entitlement programs. 
"What happens if you don't pay millions of people on Social Security? What happens if you don't pay hospitals and health care providers across the country?" Lew asked. - Washington Examiner
So even with a lawful increase to the national debt, the Secretary of the Treasury has already validated by his own words that the money taken out of our income for Social Security is no longer able to pay recipients their monthly checks, and that there is no 'trust' or lockbox holding the proceeds of decades of SSN payments.


Millennials who are now paying into Social Security over the next 30-40 years of their working life will never see their own benefits when they retire, as nearly all mainstream and alternative economists are in agreement that the system will be completely insolvent within 2 to 10 years.  And in fact, because of the massive increase in recipients due to baby boomers retiring over the next 14 years, very soon there will be less than 2 workers paying taxes towards every SSN recipient.

So if logic and economics proves that this ponzi scheme is bankrupt, and is relegated to the government's needing to print trillions of dollars per year just to pay people's promised checks, what options do you have now to protect yourself from an insolvent government program that won't be there when you need it?

One option to look at is with a company called Karatbars.



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Monday, October 19, 2015

Got Karatbars? Now that the U.S. government is bankrupt, what are your options to protect your wealth?

After the 2008 Credit Crisis came and went, a new set of words entered into the financial dictionary that were created out of artificial interventions made by both the government, and Federal Reserve.  One new set of words in particular to come out of this crisis was Zombie Banks, and they represent financial institutions that were already bankrupt, but not allowed to completely die.

Yet if banks can propped up like the walking dead, can the same be done for an insolvent and bankrupt government?  Well, contrary to all the rhetoric that comes out of Washington and from talking heads at the Fed and on CNBC, the U.S. is one of these new Zombie governments, and although completely insolvent and bankrupt, is being propped up only because they still have dominion over the global reserve currency.
I’ve long-stated that the government of the United States is completely insolvent. And that is a 100% true statement. The government’s own numbers show that official liabilities, including debt held by the public and federal retirement benefits, total $20.7 trillion. Yet the government’s assets, including the value of the entire federal highway system, the national parks, cash balances, etc. totals just over $3 trillion.  
In total, their ‘net worth’ is NEGATIVE $17.7 TRILLION… a level that completely dwarfs the housing crisis. If you include the government’s own estimates of the Social Security shortfall, this number declines to NEGATIVE $60 TRILLION. And it gets worse every year. - Sovereign Man
Click on picture below for audio podcast with Simon Black



In addition to the tens of trillions of dollars in bailouts to the banks after 2008, the U.S. government itself doubled its national debt to the point where it is well over 103% of annual GDP.  And just this morning Treasury Secretary Jack Lew used propaganda against Congress, and even threatened them with 'Dire Warnings' if the Debt Ceiling wasn't raised before Nov. 3.  This alone tells you how desperate the U.S. government is, and where $3.8 trillion annual budgets can no longer even sustain the debt obligations America has to its people, and to the world.



No purely fiat currency system has lasted in the 350 years in which they have been tried, and in just this century alone several nations who had the same fiscal irresponsibility as the U.S. have seen their economies crash, their governments overcome by internal and external threats, and their currencies hyper-inflate into oblivion.  And like those in Germany during the Weimar Republic, who had the wherewithal to hold their savings in gold rather than paper fiat, they not only survived the era of collapse, but came out well ahead such as in the example of the bellhop in a Germany hotel who was given a gold coin as a tip from a wealthy visitor, and where just a few years later, that same bellhop bought that hotel for that same gold coin since gold is the one true form of money that over time withstands any monetary crisis.

It is never too late to protect yourself until it really does become too late.  And if the warnings of 2008 weren't enough for you to realize that the current system of fiat currencies and central banks cannot last, and that the government's own balance sheet numbers validate it is bankrupt and insolvent, then there is nothing that can possibly push you to protect your wealth in the same form of money that has sustained people for 5000 years.

But for those who do see the writing on the wall, yet feel they cannot afford to protect what wealth they have in the high price of gold measured in ounces, there is a solution.

That solution is Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Tuesday, September 23, 2014

National debt has climbed an additional $1 trillion since debt ceiling was removed

While the American people continue to question the so called economic recovery, an overlooked aspect of the U.S. budget is no longer getting much press since Congress voted to remove the debt ceiling and allow the President to borrow money from the Fed as he sees fit.  And while Obama supporters in the media continue to prop up stories of how the President has lowered the budget deficit, the fact remains that in the past year, the U.S. government has added over $1 trillion of new debt to the taxpayers balance sheet.


Read more on this article here...

Thursday, October 10, 2013

Boehner offering to kick the debt ceiling can down the road for six weeks

As the government shutdown moves into its second week, and the debt ceiling deadline grows ever closer, Congress is offering a new kick the can solution to fund the government for six weeks in an attempt to buy more time to resolve the budget and borrowing issues that have stifled the country.  On Oct. 10, Speaker of the House John Boehner held a press conference to offer a new resolution that would provide clean funding to the government to cover debt obligations through Nov. 22, and to provide more time for the stalemated parties to come to an agreement on several major issues.


Read more on this article here...

Friday, September 27, 2013

Gerald Celente: Fed cannot stop tapering without stopping the fake recovery

On Sept. 25, trends forecaster Gerald Celente did an interview with Greg Hunter on the USA Watchdog webcast.  In the interview, Celente spoke about the delayed war in Syria, and why the Fed chose to not initiate a tapering of their bond buying program during the recent FOMC meeting earlier this month.  Celente also stated that the primary reason that the Fed held off tapering now was due to how interest rates reacted from just the rumors of a potential taper, and that it will most likely come early next year after the Christmas retail season is complete.



Read more on this article here...

Wednesday, September 25, 2013

Treasury Secretary Lew attempts to intimidate Congress over debt ceiling

President Obama picked a good company man when he appointed Jack Lew to replace Timothy Geithner as the newest Secretary of the Treasury.  And like the former head of America’s purse strings did during his time in office, Lew is choosing to use intimidation and threats over negotiation and fiscal planning in regards to the upcoming debt ceiling crisis.

Treasury now estimates that extraordinary measures will be exhausted no later than October 17. We estimate that, at that point, Treasury would have only approximately $30 billion to meet our country’s commitments. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion.  If we have insufficient cash on hand, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.


Read more on this article here...

Sunday, March 3, 2013

Sequester: $85 Billion savings gone in a single day

After more than a month of Congrssional and Presidential Kabuki theatre over the manufactured crisis known as sequester, the Obama administration in a single day negated any potential savings the $85 Billion legislation would have cut from Federal Spending.

As you can see, the government borrowed enough money on Feb. 28 to balance out the $85 Billion in mandatory cuts, and made the entire debate over spending cuts a worthless political drama.


In just one day, the national debt increased by $80 billion, and wiped out all potential savings to the budget that might occur in 2013.

So from faux debt ceiling crisis, to the meaningless sequester crisis a month later, the year is still early for our elected officials to usher in several more crises to deceive the public on how bad the government's fiscal pocketbook really is.

Wednesday, January 2, 2013

Congress kicks can for six to eight weeks with 11th hour tax bill

As the stocks markets jump on Jan. 2 in the aftermath of the 11th hour fiscal cliff tax agreement passed by Congress last night, the final consequences will not be seen for at least six to eight weeks when legislators are forced to deal with the debt ceiling, and potential spending cuts.  In fact, the showdown between Congress and the President appears to be looming large as Barack Obama declared there would be no room for negotiation on adding more debt, and Congress appears likely to once again give in without receiving any cuts to the ever-expanding Federal budget.



This sentiment was validated by CME trader Rick Santelli on CNBC earlier today, and he shows no surprise in Congress's inability to accomplish the task of fiscal responsibility.

Monday, September 10, 2012

Government at work: Never a plan B for debt ceiling and Federal debt limits

Last August, the Republican led Congress played political games with the American people, and eventually broke their campaign promises by voting to raise the debt ceiling on our national debt.  Now that the 2012 elections are coming up fast, the government once again faces a new ceiling as very little attempts were made to step deficit spending.

Our government leaders, from Congress to the President are proving one thing... they are not the A Team, and for Americans, there is no plan b.



When Obama learned that the deal negotiated among the congressional leaders would require a two-step increase in the debt limit, he told Rob Nabors, the White House director of legislative affairs, “The one thing I said I actually needed, they didn’t get,” referring to Reid and Pelosi. “I needed this to go past the election, and they didn’t get it for me. This can’t work.”

Obama sent word that he wanted the two Democratic leaders at the White House at 6 p.m. that Sunday, July 24. No reason was given.
Reid arrived in the Oval Office with his chief of staff, David Krone.

“I don’t trust these guys,” the president said dismissively.
Krone either would not or could not conceal his anger.

“Wait a second,” Obama said, interrupting someone else who was about to speak. “I can tell David has something else to say.”
“Mr. President, I am sorry — with all due respect — that we are in this situation that we’re in, but we got handed this football on Friday night. And I didn’t create this situation. The first thing that baffles me is, from my private-sector experience, the first rule that I’ve always been taught is to have a Plan B. And it is really disheartening that you, that this White House did not have a Plan B.” - Washington Post via Zerohedge

This event is one of the underlying problems with Washington, and with politicians.  They have no concept of money, where it comes from, what it means to the economy by spending it, and thus, government has no clue about creating monetary policies that help the country, or the American poeple.



As Jeremy Irons said it best in his Margin Call speech... "It's just money... it's made up."  This is the world today, and money in the eyes of Wall Street, and the government.

Thursday, February 2, 2012

Government continues to borrow and spend like drunken sailors

It didn't take long for the White House to put pen to paper after the debt ceiling was raised last Friday.  In just five days, the government borrowed $120 billion in new debt, and like a drunken sailor on his last night before going out to sea again, the intoxication of no fiscal responsibility makes Washington very dangerous to your economic future.

Well, two days later, the dry powder is less than $1.1 trillion. In other words, in the past two days, total US debt increased by $120 billion, along the lines of our expectations, as the Treasury filled up all the G-fund cash it had pillaged to continue issuing debt throughout the month of January even though it was formally above the debt ceiling. What is more concerning, is that as the chart below shows, the trendline of US debt since the beginning of 2011 is no longer a straight line, but has slowly transformed into a parabola, the very same word used as the root in such other infamous words as, for example, parabolic.

It gets worse: even according to the drastically, and very unrealistically, downward revised borrowing expectations of the Treasury released yesterday, the US will issue $444 billion in debt in this quarter. Today's number means that in February and March alone Tim Geithner will raise another $310 billion, which will send total debt to $15.7 trillion as of March 31. What is the final debt ceiling? Just under $16.4 trillion. So the US will have $700 billion in debt issuance capacity for the 7 months leading into the presidential election (and 9 until the end of the year). - Zerohedge

So drink up America!  The Titanic is going down, and the band continues to play.

Wednesday, January 11, 2012

President Obama ready to ask Congress to raise debt ceiling within days

Over the Christmas holiday, President Obama tried to downplay the need to call upon Congress for a raising of the debt ceiling, only to pull back the request.  That delay appears to have only lasted two weeks as once again news is coming out that Obama plans to submit to Congress a request to add to the nations debt just five months after the debt ceiling showdown.

Obama may seek to raise debt ceiling again just five months after vote

And as The Hill reported yesterday, Obama is expected to request that Congress allow the incremental and final $1.2 trillion debt expansion (of the $2.1 trillion total) within a few days. So it is all on autopilot right? Wrong. As Bank of America explains below, it is very likely that the US will not have a debt ceiling hike for at least a few weeks, meaning that while a debt hike will ultimately come, it will very soon be all the song in dance, potentially overtaking the GOP drama, coupled with the pillaging of government retirement accounts yet again and likely leading to more rating agency action as the US debt fiasco is once again brought front and center. - Zerohedge

Ironically, any publicity about raising the debt ceiling may actually help Presidential candidate Ron Paul, as it will give him ammunition in his debates and stump speeches that the government, no matter who is in office, is completely out of control and bankrupt.

Friday, January 6, 2012

Debt Ceiling countdown begins with $25 billion left until the end

Its January 2012, and do you know where your governments fiscal responsibility is?  For the US government, it is business as usual as the Super Congress failed to reach spending cuts as promised when the House voted to raise the debt ceiling, and now, the government is down to just $25 billion left to borrow before we start the battle in Congress once again to raise it.


Courtesy of Zerohedge

Wednesday, January 4, 2012

US begins 2012 completely bankrupt and within spitting distance of debt ceiling

As 2011 came to a close, the US national debt remained above the countries GDP numbers, validating that the Federal government owes more money than the nation takes in.  That, in no uncertain terms, equates to being bankrupt.

On top of this, the government has blown through the $1 trillion allotted to it by Congress back in August, and is within $14 billion of reaching the mandated debt ceiling once again.


Chart courtest of Zerohedge


At what point does the entire system seize up and default?  That is the question of confidence remaining for the US, the dollar, and the reserve currency.

Monday, October 3, 2011

Forget trusting in the Super Congress as lobbyists take over proceedings

It appears more and more that the Super Congress, created to allow the debt ceiling to be raised, and to institute necessary budget cuts, was simply a ruse to keep the status quo amongst the Congressional establishment.

It has come to the attention of the people that not only are Americans not privy to what is going on in the proceedings, but high-powered lobbyists are receiving updates and may be having a hand in what is chosen to be cut from the committee.

K Streeters with deep ties to supercommittee members and congressional leadership say senior staffers have given them readouts from closed-door committee meetings. For example, senior aides to Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Kyl (R-Ariz.), who is on the panel, met with several Republican lobbyists on Thursday and among the topics discussed was the prospect for a grand deal. Two days earlier, Kyl and the rest of the committee answered no questions as they brushed past a gaggle of reporters who had waited outside the private, six-hour meeting. - Politico

Republican or Democrat... Bush or Obama... does it matter anymore?

Monday, September 12, 2011

Why does Greece matter to the US markets?

Yesterday, I spoke on the Angel Clark radio show out of Delmarva, Delaware, and one question she asked was very pertinent to the direction our economy will take, dependent upon the resolution.

How does Greece affect the United States?

Here is a picture of the amount of Greek debt owned by US, and other European Banks, and the repurcussions that a default by the decendants of Sparta, Thebes, and Athens would create.


You will notice that the US holds more bank debt than sovereign debt, and not only would they take the losses from a Greek default, but it would trigger more losses as other Euro banks default themselves for their holdings.

Wednesday, July 27, 2011

The Debt Ceiling battle hits the mainstream

Take a look at this rap song, Raise the Debt Ceiling posted by ReasonTV.

Make it rain, make it rain, I mean quantitative easing...

Federal deficit and point of no return

No matter what happens in the debt ceiling vote, the US has chosen the path to financial suicide.

image

Ron Paul speaks on House floor regarding debt ceiling

Congressman Ron Paul has a very cogent and concise argument on the debt ceiling.