Doug Casey on the Largest Criminal Entity on Earth . There are at least 7 trillion us Dollars held outside the United States , if the dollar collapses it is going to be a worldwide problem.The largest criminal entity today at large is not some Colombian cocaine gang , it's the US Government they're far more dangerous and they have a legal monopoly to do anything they want with you says Doug Casey , I rather deal with the mafia than I would with any agency in the US Government because first of all the Mafia tends to honor their word because they have no legal way of enforcing it , so it's easier to honor your word , US government never does that , and the Mafia has no legal right of enforcement , so the US government is much more dangerous and even under the worse circumstances even if the Mafia control the United States I can't believe that even Tony Soprano will try to steal forty percent people's income from them every year , he couldn't get away with it , but for some reason the US government is able to .
Doug Casey : "I'm of the opinion that most people are basically decent. The 80/20 rule. 80% of people are ok, basically. But now what about that 20%? Well, let's call them potential trouble sources, because they can go either way. But we can take 20% of that 20%, ok. And these people are the sociopaths "...Good points as usual...I like the sociopaths leading the 20% idea. Makes sense. Lack of philosophical anchors-great way to put it, reigning fear of middle class, yep, reflexive belief in gov't made up that some of those sociopaths. Got it. . There are very few left who actually understand how, and why this country was founded, it is to escape the clutches of those who coerce and seek to control your life, starting with your mind, and right down to your very body and the space you exist in, simple as that.There is a lot more we can learn from Doug, and this is just an excerpt..
Monday, May 30, 2011
US Economic Calendar For The Week
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
May 31 9:00 AM Case-Shiller 20-city Index Mar - -3.7% -3.4% -3.33% -
May 31 9:45 AM Chicago PMI May - 63.0 62.5 67.6 -
May 31 10:00 AM Consumer Confidence May - 67.5 66.3 65.4 -
Jun 1 7:00 AM MBA Mortgage Index 05/27 - NA NA +1.1% -
Jun 1 7:30 AM Challenger Job Cuts May - NA NA -5.0% -
Jun 1 8:15 AM ADP Employment Change May - 190K 170K 179K -
Jun 1 10:00 AM ISM Index May - 57.0 57.6 60.4 -
Jun 1 10:00 AM Construction Spending Apr - -1.0% -0.5% 1.4% -
Jun 1 3:00 PM Auto Sales Jun - NA NA 4.73M -
Jun 1 3:00 PM Truck Sales Jun - NA NA 5.38M -
Jun 2 8:30 AM Initial Claims 05/28 - 400K 413K 424K -
Jun 2 8:30 AM Continuing Claims 05/21 - 3700K 3688K 3690K -
Jun 2 8:30 AM Productivity-Rev. Q1 - 1.6% 1.6% 1.6% -
Jun 2 8:30 AM Unit Labor Costs-Rev. Q1 - 1.0% 0.9% 1.0% -
Jun 2 10:00 AM Factory Orders Apr - -2.0% -1.0% 3.4% 3.0%
Jun 2 11:00 AM Crude Inventories 05/28 - NA NA 616K -
Jun 3 8:30 AM Nonfarm Payrolls May - 175K 185K 244K -
Jun 3 8:30 AM Nonfarm Private Payrolls May - 190K 220K 268K -
Jun 3 8:30 AM Unemployment Rate May - 9.1% 9.0% 9.0% -
Jun 3 8:30 AM Hourly Earnings May - 0.1% 0.2% 0.1% -
Jun 3 8:30 AM Average Workweek May - 34.3 34.3% 34.3 -
Jun 3 10:00 AM ISM Services May - 53.5 53.3 52.8 -
May 31 9:00 AM Case-Shiller 20-city Index Mar - -3.7% -3.4% -3.33% -
May 31 9:45 AM Chicago PMI May - 63.0 62.5 67.6 -
May 31 10:00 AM Consumer Confidence May - 67.5 66.3 65.4 -
Jun 1 7:00 AM MBA Mortgage Index 05/27 - NA NA +1.1% -
Jun 1 7:30 AM Challenger Job Cuts May - NA NA -5.0% -
Jun 1 8:15 AM ADP Employment Change May - 190K 170K 179K -
Jun 1 10:00 AM ISM Index May - 57.0 57.6 60.4 -
Jun 1 10:00 AM Construction Spending Apr - -1.0% -0.5% 1.4% -
Jun 1 3:00 PM Auto Sales Jun - NA NA 4.73M -
Jun 1 3:00 PM Truck Sales Jun - NA NA 5.38M -
Jun 2 8:30 AM Initial Claims 05/28 - 400K 413K 424K -
Jun 2 8:30 AM Continuing Claims 05/21 - 3700K 3688K 3690K -
Jun 2 8:30 AM Productivity-Rev. Q1 - 1.6% 1.6% 1.6% -
Jun 2 8:30 AM Unit Labor Costs-Rev. Q1 - 1.0% 0.9% 1.0% -
Jun 2 10:00 AM Factory Orders Apr - -2.0% -1.0% 3.4% 3.0%
Jun 2 11:00 AM Crude Inventories 05/28 - NA NA 616K -
Jun 3 8:30 AM Nonfarm Payrolls May - 175K 185K 244K -
Jun 3 8:30 AM Nonfarm Private Payrolls May - 190K 220K 268K -
Jun 3 8:30 AM Unemployment Rate May - 9.1% 9.0% 9.0% -
Jun 3 8:30 AM Hourly Earnings May - 0.1% 0.2% 0.1% -
Jun 3 8:30 AM Average Workweek May - 34.3 34.3% 34.3 -
Jun 3 10:00 AM ISM Services May - 53.5 53.3 52.8 -
Dollar Armageddon Ahead ?
FINANCIAL ARMAGEDDON AS THE DOLLAR CRASHES ILLUMINATI TAKE CONTROL
Beijing announced that China will start the first pilot of selling and buying products and services abroad with renminbi's instead of dollars.I think the next step is oil in euros, looks bad for your unstable dollar
The financial end of the US$ is on our doorstep..brace yourself america SEPT 2008 Was only a taste of whats to come.
As we travel down the road of control and manipulation where the world elite namely the illuminati and the new world order set into motion their final plan of world control.
They are shadow goverment within the goverment and control strategic an key positions.They control politicians and cia offilcials as well as a lrage part of the military.
This satanic plan which has been carefully planned for hundreds of years is at a climax and will result in the final armageddon.
Armageddon will manifest it's final battle in the planes of magido in Israel.
Armageedon led by the illuminati and their quest for war and ultimately world control.
The sad truth is these people are actually being manipulated the whole way and many will only learn this truth in their final destruction.
To think they are actually illuminated and then find that they are actually hood winked will be a sad day for many who know within their hearts that what they support is actually evil.
As we enter the final battle and satan manipulates them even more to fulfill his personal plan is putting pressure on them to esacalte the movement forward.
The dollar will crash and the rfid chip will be instituted.
Beijing announced that China will start the first pilot of selling and buying products and services abroad with renminbi's instead of dollars.I think the next step is oil in euros, looks bad for your unstable dollar
The financial end of the US$ is on our doorstep..brace yourself america SEPT 2008 Was only a taste of whats to come.
As we travel down the road of control and manipulation where the world elite namely the illuminati and the new world order set into motion their final plan of world control.
They are shadow goverment within the goverment and control strategic an key positions.They control politicians and cia offilcials as well as a lrage part of the military.
This satanic plan which has been carefully planned for hundreds of years is at a climax and will result in the final armageddon.
Armageddon will manifest it's final battle in the planes of magido in Israel.
Armageedon led by the illuminati and their quest for war and ultimately world control.
The sad truth is these people are actually being manipulated the whole way and many will only learn this truth in their final destruction.
To think they are actually illuminated and then find that they are actually hood winked will be a sad day for many who know within their hearts that what they support is actually evil.
As we enter the final battle and satan manipulates them even more to fulfill his personal plan is putting pressure on them to esacalte the movement forward.
The dollar will crash and the rfid chip will be instituted.
Saturday, May 28, 2011
[Video] Marc Faber Predicts that China will Fall into "Technical Recession" in a Year
Pretty interesting commentary from Marc Faber in this Bloomberg video, considering he is usually a mega Asian bull. While his terminology for a recession is different than what is commonly used (two quarters of negative GDP growth) we saw what even a mild slowdown in China
did post 2008 Olympics spending spree. If this comes to bear, the impact on the commodity market would be of course enormous as China is the world's marginal buyer of everything, dominating some markets to the tune of 50% of all global purchases. Ironically lower commodity prices would be helpful to the strained U.S. consumer, but I don't think the stock market would be looking that far ahead. Anyhow, just one man's opinion but someone I enjoy listening to. His indicators of why he is seeing bubble activity on the ground in China are also quite interesting.
As for the Chinese market? It's not acting well at all lately.
Marc also touches on the long term implications of the soaring inequality of wealth distribution in the U.S. - something I've been flagging from day one on this site.
6 minute video - email readers need to come to site to view.
As for the Chinese market? It's not acting well at all lately.
Marc also touches on the long term implications of the soaring inequality of wealth distribution in the U.S. - something I've been flagging from day one on this site.
6 minute video - email readers need to come to site to view.
Are Uranium Stocks Already Carving Out a Bottom?
In late January, I wrote a guest article for Hard Assets Investor that profiled the recent breakout in uranium, and discussed potential ways to profit from the long side.
Then on cue, Japan was rocked by an earthquake that caused the largest nuclear accident in recent memory, and the price of uranium crashed. Thus thrusting my article into the contrary indicator pantheon! (Look out, BusinessWeek “Death of Equities” cover – I’m coming for you!)
In all seriousness – fundamentals WERE looking quite positive before the accident. The three-year breakout had some good old fashioned “rising demand and limited supply” characteristics that appeared to be in place for years, even decades to come.
But has this changed?
Legendary fund manager Felix Zulauf weighed in on uranium earlier this month – he thought that uranium was a BUY. Though unlikely to move up in the next two or three years, he liked the idea of using this downturn in prices to accumulate some radioactive portfolio exposure, because he doesn’t see any way for the world to meet its future energy needs without uranium.
Checking in with Mr. Market, it appears that uranium stocks, after falling out of the 50th story window, may already be carving out a bottom of sorts:
Therefore you can further diversify your miner-specific risk by picking up the new Global X Uranium ETF (NYSE: URA). Here’s a full list of URA’s holdings (which, not surprisingly, features our three aforementioned large-caps as its three largest holdings).
Then on cue, Japan was rocked by an earthquake that caused the largest nuclear accident in recent memory, and the price of uranium crashed. Thus thrusting my article into the contrary indicator pantheon! (Look out, BusinessWeek “Death of Equities” cover – I’m coming for you!)
In all seriousness – fundamentals WERE looking quite positive before the accident. The three-year breakout had some good old fashioned “rising demand and limited supply” characteristics that appeared to be in place for years, even decades to come.
But has this changed?
Legendary fund manager Felix Zulauf weighed in on uranium earlier this month – he thought that uranium was a BUY. Though unlikely to move up in the next two or three years, he liked the idea of using this downturn in prices to accumulate some radioactive portfolio exposure, because he doesn’t see any way for the world to meet its future energy needs without uranium.
Checking in with Mr. Market, it appears that uranium stocks, after falling out of the 50th story window, may already be carving out a bottom of sorts:
Time to accumulate some URA? (Source: StockCharts.com)
While it may be too early to declare that a bottom in uranium has been put in, it is interesting to see this fallen angel attempt to regain its composure. Now may not be a bad time to start accumulating some good uranium stocks.
The traditional way to play uranium is to buy Cameco (NYSE: CCJ), the largest and most well-known uranium miner. For some diversification, other large-cap miners to consider are Paladin Energy Ltd. (TSX: PDN) and Uranium One (TSX: UUU).
However, buying individual miners can still introduce unnecessary risk into an otherwise solid trade. There’s nothing worse than watching bad management screw up a bull market.Therefore you can further diversify your miner-specific risk by picking up the new Global X Uranium ETF (NYSE: URA). Here’s a full list of URA’s holdings (which, not surprisingly, features our three aforementioned large-caps as its three largest holdings).
Bullish Consolidation for Agricultural ETF
From its Feb high at 58.25 through today's action, the iPath DJ-UBS Grains TR Sub-Idx ETN (NYSE: JJG) has carved out a high-level bullish consolidation area atop its powerful 7-month uptrend.
When I analyze the Feb-May period via my hourly work, I can make a compelling argument that the consolidation period is complete. Moreover, the price structure is starting a new upleg that will thrust prices above key resistance at 55.85-56.50 towards a projected optimal target of 60.00/30 and possibly an overshoot target zone of 63.60-64.40 thereafter.
At this juncture, only a decline that breaks and sustains beneath 53.35 will begin to compromise the timing of the anticipated upside breakout.
By Mike Paulenoff
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