Hillary Insults Silent Majority

As noted by AgainstCronyCapitalism.org, without question, "The political class loathes a large part of this country. Now it’s official."

We cannot get enough of British freedom fighter Nigel Farage, who joined Stuart Varney on Varney & Co. this morning on the FOX Business Network.
 
Farage accurately noted, People have had enough of being sneered at by out of touch political ‘elites'.

Indeed.

Hillary Clinton, while completely unfit for public office, really committed a political error in insulting half of the country, who supports her competitor Donald Trump.  There are enough people in the middle who really don't appreciate being insulted, and certainly in this political season, that amount could sway an election.

Hillary Clinton should be quite careful insulting the silent majority in this country, made up in large measure of Reaganites who abhor political elites who are dangerously out of touch with the greater majority of the citizenry and how ordinary people live and conduct their lives.

Nigel is quite correct, and it appears the silent majority ship has left port, sailing for seas of freedom and liberty, sinking the intellectual elites in similar fashion to those who were shocked by Brexit.

The First Brick Out of the Wall

Nigel Farage: "The EU is failing, the EU is dying, I hope that we've got the first brick out of the wall."

Mr. Floyd?

The media will try to blame upcoming violence and financial collapses on this vote, but those issues were only being masked by rigged political and monetary infiltration. We will soon note many banks are practically insolvent (have you been following Deutsche Bank (DB:NYSE) with us?) and the credibility of the ruling class elitists, Obama and Hillary included, will be appropriately destroyed. There is much more pain to come, but that comes with eradicating the cancer that infests our political landscapes.

Freedom won with Brexit, and one freedom fighter we can thank for his leadership is Nigel Farage.

Nigel Farage/Reuters

Nigel Farage calls for a new bank holiday to mark UK’s ‘Independence Day’ as his life’s work comes to fruition as the country votes for Brexit

Freedom Awaits Embracing of Brexit

The European Union is a complete failure, a form of new communism that abolishes nation states by stealing the sovereignty of its members and allowing un-elected bureaucrats to seize control over peoples lives.

Under the EU, members nations are facing financial collapse and are being run over by immigrants engaged in terrorism, all an assault on the European standard of living.

Nigel Farage warned us long ago, "It's even more serious than economics because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that."

 

Perhaps that time has come, as with the passage of Brexit, June 23 just may be a new Independence Day.

Truth Lost in Conflicting Chaos

It is spinning out of control.

The NASDAQ was down 1.5% today, with the VIX (volatility index) spiking.

Overseas, Europe is under siege, with Nigel Farage detailing the damage unfiltered immigration will cause, with those seeking to take America down following Europe's lead.

Additionally, there are escalating issues with Russia in the middle, where things are quickly getting nasty, with our side lead by enemies within.

The housing market seemingly everyone is cheerleading is a mirage, as home builders and home sales are crashing.

Physical gold is elusive; however, big money is chasing it. Big money is also betting on increasing rents, which is a signal the economy is far from healed.  Potential home buyers are unable to pull the trigger on purchases of new or existing homes, as median income is stagnant and full time employment growth is non-existent.

Then, there is the stock market, where too many dollars are chasing too few performing assets, creating inflationary values based on nothing.  Retail sales, and manufacturing, have also collapsed.

With conflicting information everywhere, it is tough to decipher propaganda from reality.  Look no further than the lack of inflation in the market, or so we are told by our government and their media partners. In many ways, they seem blended in ironic mesh.

But make no mistake, real trouble is near. The market knows; soon, we all will.

 (chart via WallStreetWindow.com)

The Turnstile of Terror

Here in America, those who aim for chaos are protesting in the streets against the nation's law enforcement over false yet perceived truths regarding treatment of minorities. Most of these folks are paid operatives, with a smaller percentage useful idiots who are all too eager to fight the man.

Sadly, thanks to the horrendous policies of the Obama administration, these morons might soon be clamoring for the help of our talented and outstanding law enforcement officials, as all of us have been proclaimed as targets for Radical Islamic terrorists around the world. It should be noted members of the terrorist groups that aim us harm are in the United States.

So, it goes without saying that freedom everywhere suffered at the hands of the terrorist act in Paris last week; an act without question perpetrated by Radical Islamic terrorists.

While President Obama has declared the global war on terror over and al Qaeda on the run, the actual terrorists are running roughshod across the globe, seizing territory and engaging in murderous mayhem.  ISIS, Boko Haram, al Qaeda; you name it, they are calling out their targets and inflicting terror.

While there are many recent terrorist acts worth noting, the events in Paris, where Radical Islamic terrorists killed 17 people in incidents at two location, seem to have the feel of the shark being jumped.

As Mark Steyn so appropriately said, "Obama talked the talk, but those guys walked the walk."

The Obama administration refuses to publicly recognize who is actually inflicting these acts of terrorism across the globe, such a glaring omission that even the mainstream media is down right confused. Why can't the Obama administration admit what the entire globe knows; that Radical Islamic terrorists are committing acts of terrorism in increasing and alarming fashion from sea to shining sea?

Perhaps we should think back.  Obama passed judgement on those who would dare "slander the prophet of Islam".  You may recall this quote from a speech Obama made last year at the United Nations:  "The future must not belong to those who slander the prophet of Islam".

In page 261 of Obama's book "Audacity of Hope", Obama stated the following: "I will stand with the Muslims should the political winds shift in an ugly direction".  So when the world came together for a unity rally in Paris, it should not shock anyone that Obama would not be in attendance.  While some exhibit their colossal ignorance thinking it was an oversight, or perhaps not feasible due to logistics, Obama has told us where he stands; over and over again.  There is no way he would attend the rally.

While the French Prime Minister appropriately labeled France as "at war with Jihadism and Radical Islam", it did not take long for some backtracking, even by French President Francois Hollande, and for many on the left to blame France for the attack.   While French policies of appeasement and socialism have led to a failed society of multiculturalism, the entire blame for the terrorist attacks lands squarely on the feet of the Radical Islamic terrorists who committed the acts.

Connecting the dots is not difficult.  As Israeli Prime Minister Benjamin Netanyahu correctly stated speaking at the rally, "the world is now understanding the threat of extreme Islamic terrorism".  Far be it for me, but I though this was quite clear at about 4:30PM on September 11, 2001.

President Obama is lacking in so many regards, but intelligence is not among that list.  Obama has a long history of, at the very least, being sympathetic to groups, or nations, that are Muslim and coexist with terrorists and their organizations.  Note his position, against American policy, as an opponent of Israel.  Note his warmth to The Muslim Brotherhood, and his swift anger with Egypt who dared to oppose their actions. Consider his lack of action as agents of Islamic terror move toward forming a Greater Syria establishing a caliphate in the middle east.

And ask yourself why under Obama does the United States continue to release prisoners who only return to wage terror on us again? Is he on their team? Obama seems to be operating a turnstile of terror.

As cynical as I am, I cannot believe President Obama wishes harm inflicted on world citizens by these agents of terror, but he certainly is not only sympathetic to Islam, he sides with them against us when "things turn ugly".  He told us so.

Things got "ugly" in France last week.  You saw where Obama stood, and it was not in France at the rally.

Theft Is Sadly An Option

The DOW and NASDAQ were clobbered again today in higher volume and the markets look to be entering a downtrend at a minimum.  What was the catalyst for such a move?  Take your pick among many market driven and geopolitical events.

Among the market analysts whose opinions I take under advisement is Karl Denninger over at The Market Ticker.  While investors have been fixated on the collapse of gold and silver, this morning, Denniger astutely pointed out a complete break of support by copper.

WAKE UP!

In my capacity as a collateral risk real estate appraisal analyst, I vividly recall most of the vacant homes I appraised were minus the outside A/C unit, as thieves found the copper within most valuable.  In fact, in some cases, all the copper in the improvements was ripped out and stolen.

But the price of copper has collapsed, signaling, as Denninger points out, "because it's a measure of industrial demand -- that is, industrial production on a global basis."

Denninger is correct to point out that Europe, more specifically the EU, is living on borrowed time. First, Greece came to light as essentially bankrupt, and the bailouts began in earnest. They would only provide a temporary respite, with the wheels of collapse spinning a wider web as the days go by.

Additional bailouts have taken place in effort to prevent total insolvency, but they won't work.

Recently in Cyprus, the situation was so bleak that the government resorted to the unthinkable; theft of portions of the monetary holdings of its citizens.  Although a stunning development, the sad truth is that the action will not fix the issue.

What will be the next move of the elitist technocrats, or criminals; and is anybody awake to call the thieves out?

Nigel Farage is, and delivered yet another verbal tongue lashing today at a European Parliament meeting, well worth a listen:



Farage, and Denninger for that matter, has been on this issue for several years, but sadly, few are listening.  Although the bailouts will continue without long term success, eventually, the bubble will burst and the EU will blow up.

Alarmingly, America will not be immune from the destruction, for much of the same market distortion, bailouts, data propaganda, crony capitalism, fraud and deceit we have seen overseas is taking place here.

Don't think these things can't happen here in America?  A Cyprus style theft of deposits has already taken place here in the United States, an action which has completely unpunished, with the malfeasance over at MF Global.  Under CEO Jon Corzine, the former New Jersey Democrat governor and an individual Obama and Biden seek out for financial advice, the company went bankrupt evaporating all the firms cattle rancher deposits along the way.

At a minimum, it should be noted the US economy is in very poor shape, the EU is insolvent and destined for failure, China is an untrustworthy economic enigma and your government is masking the truth in astonishing levels of propaganda, most notably associated with unemployment.

These are not the ingredients of healthy market, and not conditions worthy of your investment, unless you are a very serious professional with rocks in your stomach.  For me, I'll be golfing when the collapse happens unable to get out, a chance I am not prepared to take given all the uncertainty.

Everyone is essentially insolvent and simply playing a shell game.  Bernanke has our printing presses in high speed pursuit in effort to stay ahead of the oncoming bubble burst, creating an a series of positions most difficult to painlessly unwind.

I am not sure where to hide, as a government starving for solvency will leave no stone unturned in their quest to acquire cash. As we have sadly witnessed, theft is now an option.

Dangerous People Indeed

Are you familiar with Nigel Farage?

Farage, flying against strong headwinds, has been a very vocal leader in opposition to the European Union as freedoms of the citizenry diminish due to incompetence of central planner and bankers.

Become acquainted with him in the following video of approximately three years ago as he lambastes in stunning fashion the EU Parliament for their incredible arrogance.



Farage absolutely nailed it in his address, calling out the technocrat elites who seek control over the masses and, as Farage appropriately put, are very dangerous people indeed. That was three years ago.

It won't, and has not, worked, as evidenced by the continuous bailouts of bankrupt countries which make up the EU, often referred to as the PIIGS.

Movement along bailout boulevard led to event this past weekend which should send shivers down the spine of not only investors in foreign markets and currencies, but the average citizens right here across the fruited plain.

The government of Cyprus, absolutely bankrupt and seeking contingency operations, attempted to make a move which many thought may be the catalyst to European collapse; the application of an mandatory tax on the countries bank depositors of a minimum of approximately 7%.

In many areas, such as the US government and our mainstream media, you were informed there was nothing of relevance to found by further investigating the tentacles of the story.  Nothing to see here, move along.

However, after the story blew up on social media Saturday, many alternative media outlets flexed their muscle and alerted the world to the evil ripple effect of the proposed action. 

At Market Ticker, the move is labeled "direct confiscation".  Zero Hedge  offered top notch analysis of The Rape of Cyprus. At Monty Pelerin's World, Cyprus and The Risk of Bank Runs is examined.  Over at The Burning Platform, the question is asked if theft of this nature already happening here?

Investors Business Daily notes a new low in arbitrary power grabs, and even leftist columnists are worried.  Kevin Freeman over at Global Economic Warfare has a great piece, noting government surveillance of our financial accounts.

Don't think for a moment if cannot happen here.  In fact, violations in the rule of law took place immediately into the Obama administration when contract law regarding the positions of bondholders was violated in the auto bailouts.  In my mind, they continued with the 3.8% investment tax we found in the Obamacare legislation when we got around to reading it.  One can argue the artificial intervention in interest rate levels is stealing investment returns from those, particularly the elderly, who hold investments in seeking returns in interest.

Then there was the sordid affair of malfeasance and theft over at MF Global, where Jon Corzine, former Democrat Governor of New Jersey and Goldman Sachs president, allegedly used funds in customer accounts to arbitrage on European currencies and lost big, causing MF to go bankrupt.  As of today, the depositors have not been made hole and Corzine is chasing skirts in the Hamptons.

Russia Today caught up with Farage for commentary on Cyprus and where we the EU stands on the boulevard to bankruptcy. Go:



The EU is destined for collapse, and as Farage noted back three years ago, we should all hope the market collapses before the citizens are robbed to pay off, as Freeman put it, the excessive debts of profligate governments.

Once the lynch pin is pulled, these governments, run by elites who lack respect for the rule of law, will stop at nothing to preserve their power.  This includes theft and robbing the citizenry of their freedom and independence, collective action in many a regard.

Time is precious for the United State to avoid similar economic issues given the immoral spending by our government.  However, we elected the wrong guy if fixing these issues was on the agenda. They are not, and truthfully, the actions of this administration point to nudging the masses to assist in crashing the system in the vision of Cloward and Piven.

With cheap money seeking the highest level of return, the stock market is artificially pumped significantly above standard levels of relative strength and at some point soon, the casino of choice will crash to the level where buyers and sellers are in legitimate competition finding an equilibrium point influenced in future movement by speculation.

Should a catastrophic event occur in the capital markets, the action of the confiscation of funds has already been established.  The United States would not be exempt from such action under similar duress.  Gold was confiscated under FDR, and the Obama administration has been investigating how they can gain access to the 401K accounts of the citizens.

In the aftermath of an event, action will be embarked upon by government "for the good of the people", which translate to your loss of freedom and assets for the preservation of power of the progressive elites and ruling class.

Shore up your investments promptly, avoiding Shore Bank, before you wake up one morning and find portions of them confiscated, prompting a global bank run.  That will conclude the greatest heist in history.

Ranting and Raving

It can be storngly argued the epic rant by Rick Santelli on CNBC ignited the course of events which esatblished the TEA Party. Count me among those who with afection label Santelli the Father of the Tea Party movement. You remember the rant heard round the world?



Fast forward to the events of toady, most specifically the implosion of the Eurozone, where bailouts of insolvent countries are leading the imminent demise of the Euro. Nigel Farage has rivaled Santelli in voicing several stellar rants fortelling the demise on the Eurpoean Parliment.

Finally, Santelli gets an opportunity to visit with Farage about the status of the Eurozone. Two greats ranting and raving about the truth of the horrendous economic status of the world, but unfortunately,
is anybody listening?

 

CNBC had veered very left in recent years, which is most disappointing. However, a few sound thinkers remain in Santelli, Joe Kernen and Lawrence Kudlow.  You can count on Santelli for the real story, and certainly, as we have posted about numerous times, Farage is the top voice on the concerns of the Eurozone you should be hearing.

A crash is coming, as the bailouts have not worked, and will not work. As Farage so eloquently points out, technocrats rivaling one another in incompetence are in charge. What could go wrong, market manipulation? Theft? The loss of integrity in the markets?

Blame Entitlement Society, not US Capitalism

It was only a matter of time. Shortly after the kickoff of the G20 Summit, José Manuel Barroso, EU commission president, blamed the United States and capitalism, for the financial armageddon striking the Eurpoean Union.

"This crisis was not originated in Europe … seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market.".

Barroso, a communist who would not a pro-forma if it rang the front door bell, is actually using EU crisis to promote his political agenda. While foreign investors did purchase collateralized debt obligations, primarily mortgage batches, that blew up, an economy which produces few assets and has exponentially expanding liabilities is the real culprit. Investment novices, risk measurement is not their forte'.

Alarm bells have been ringing in Europe for decades, but for the last few years, perhaps the loudest harbinger has been Nigel Farage. What does Farage think of this claim? Farage spoke with David Asman of FOX Business:



EU member countries cannot meet their obligations, smothered by expanding entitlements, which have required bailout after bailout. EU leaders have implemented the Keynesian model of increasing stimulus in effort to create economic growth. President Obama has met with the EU leaders promoting this philosophy. In fact, Obama is implementing this model here in the states. But by any statistical measure, the model has failed in Europe and is failing here.

Government does not create wealth; it destroys it.

Germany has had enough, and although Obama and the EU continue to push Germany to continue to participate, they are ready to cease bailouts. With the European Union on the brink of collapse, and time is short according to billionaire financier George Soros, no doubt short the EU.

But there is hope as Soros and the technocrats running the EU have a new idea; for the member nations to relinquish banking sovereignty to chosen technocrats running the EU. Shockingly, France is ready to go with this plan.  With the EU member citizenry already robbed of their identity with their entrepreneurial spirit crushed, civil disobedience is ushered in.

Enhancing the further collapse of a society would be for technocrats to rule over budgets, terminating opportunities for individual advancement and growth of the citizenry. With the citizenry having no vehicle for changing course, as the technocrats are not elected by the citizenry, each country falls under the governance of a panel of dictators, who are not going to allow this crisis to go to waste.

It would further allow for an objective of Soros; an open socitey, which ultimately eliminates the sovereignty of participating countries and its citizenry, which ultimately reduces freedom.

I join Farage in counseling the EU members to seek out individual freedom through free market economic principles, the best path to social and economic freedom and prosperity.

Euro Bailouts Not Working

Just last week, Spain was granted a $125 billion loan designed to shore up bank imbalances. After numerous bailouts in effort to save the European Union, surely this latest loan will solve the problem.

Memo to all the politicians and technocrats across the globe; the problem is far from being solved. In fact, most if not all of these measures are simply a variation of kicking the can down the road. With overwhelming debt, the EU members become slaves to those who "lend" them the capital or forgive loan components.

As bad as this is under governmental officials that can be voted out, (November cannot come quick enough here in the States), imagine the position of those being held accountable by technocrats who are not accountable to those they are governing over. Simply put; smothering.

While the fallout from this unfortunate circumstance mostly viewed from a financial perspective, the costs are far greater. The loss of jobs skills, of those who can find employment, the hopelessness of the encumbrances of escalating success and the breaking of the entrepreneurial spirit and robbing people of their identity are social costs that burden families and communities.

Historically, tyranny has come from out of control governments, who under the premise of helping those who are in need steal freedom from the citizenry right under the nose of the governed. While everyone watched European member countries embrace socialism and spend beyond their means for decades, we have recently been warned, most notably by Nigel Farage, how further bailouts would cause further erosion of member nations sovereignty, elevating hopelessness and despair for the governed.





Like a boulder rolling down a hill, the suffering continues. Countless bailouts have accomplished nothing, with billions having been wasted. Ireland and Portugal are shake, Greece is in crisis and Spain just got saved. Italy is real trouble also. Nigel Farage further explains.





While the bailouts have calmed waters temporarily, they have not solved the problem. In fact, these decisions will create deeper pain in the future as the bailouts become more expensive until they cannot be paid and the economies crash. What government entity led by whom will rush in to take over? A scenario similar to this did not go well in the 1930's.

Each of these countries need to break away from their slave masters and regain their sovereignty. At such time, although it will no doubt be painful, a firm foundation built upon freedom and capitalism can emerge with hope for the future for all of the citizenry.

It is just that simple.

Unleash The Squirmin' Dogs

It seems as if we are watching an upcoming train wreck as the Euro experiment marches toward collapse.  A plethora of plans have been implemented to rescue the ambitious alliance, but all have been abysmal failures.  The more the plans fail, the more the planners plan.

Beyond member governments engaged in socialism spending beyond their means and expanding entitlements beyond economic logic, what is traveling to the ash heap of history is their loss of their member sovereignty. Central planners never want a crisis, and we sure do have one, to go to waste.

While economic moves considered sound to establish stability and save the Euro may sound reasonable, unfortunately they likely mask the bold ambitions of the technocrats to slow creep control over the member states and their citizens.

Under such control, individual freedom, inspiration and the entrepreneurial spirit is crushed, robbing the people of their identity. As Nigel Farage so eloquently put forth in 2010, if you rob the people of their democracy, then all they are left with is nationalism and violence.  We got plenty of violence, as the citizens engage in civil unrest.

Who the hell do you think you are? Farage queried the EU administrators as they responded to collapsing member nations that it would be inappropriate for them to hold elections until their budgets were agreed upon. Democracy destroyed.

Sound far fetched?  Last Thursday, CNBC reported that Ex-ECB Chief Jean-Claude Trichet unveiled a bold plan to save the Euro.  Would yet another new plan present a blueprint for an escape of the wide ranging spiral the Euro is involved in or would such a plan steal more Democracy from the member citizenry?

The first paragraph of the story is alarmingly informative.  Please read: 

Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro.

For the governing body, seizing this amount of authority would be similar to taking a country over without firing a shot. 

As Farrage asked, who do these people think they are? Free market capitalism, the best path to prosperity, is not free to work for member nations under this type of smothering control. Under the Euro, wealth has been destroyed under massive spending and entitlement programs, and the technocratic banker is in charge and has members under his thumb.

It would be hard to imagine that the central planners, given the history of their efforts, are foolish enough to think it will work this time.  The alternative, and the truth, is that the technocrats are aspiring to gain further control and are knowingly crashing the system.

Here in America, the same types of planners are now in charge, implementing the Cloward and Piven strategy.  Decisions that seem irrational to most, are part of the plan to steal and transform wealth, establishing a governmental control over the citizenry.  While Europe may be beyond  salvage, America has time to right the ship, although time is running dangerously short.

Freeing member nations from excessive taxation and regulation and having to adhere to budgetary control and allowing the pursuit of their own prosperity is the answer.  Those who continue to implement a socialistic policy of a cradle to grave nanny state will ultimately fail. Countries who embrace freedom, both for individuals and markets, will prosper.

Alarm bells are appropriately ringing everywhere.  This is not the time to turn to technocratic regulators, like Jean-Cluade Trichet, who claim to have a plan.

This is the time to seek freedom and embrace capitalism. It is that simple.

Extreme Conditions

The Eurozone experiment, based upon fellowship and trade, has resulted in the loss of sovereignty and freedom for each of the members, and it must be broken apart. 

Not withstanding the economic doldrums brought about by socialism, participatory countries have lost the opportunity for economic adjustments because they are no longer in control of their budgets due to being under the thumb of the EU, who extended bailouts. Since the EU is run by technocrats, who are unelected managers of the economic freedom of the participants, countries feel restricted and desperate while being governed by outside interests.

Nigel Farage, who has been a vocal opponent of the EU, notes the negative byproduct of the collapsing countries and what happens to the citizens when hope is lost, including civil unrest,which we have already seen as austerity measures have been implemented. Nigel goes on another epic rant:

 

Recent elections in Greece had the Greek citizens looking for answers from any and every various group who claimed to have answers to their economic conditions and fears. One such group that made sizable parliamentary gains in the elections was The National Party of Socialists, otherwise known as the Nazi party. Yes, that Nazi party.
Embolden by their gains, the Nazi party promptly issued a number of chilling threats, elevating fears of a return to much darker times. The familiar road being traveled in Europe is very dangerous, as Glenn Beck reported on The Blaze and in the following report on GBTV. Take a listen:





While perhaps well intended, the EU is destined to fail. The EU has not the funding to backstop the PIIGS, and with Greece imploding, the dominoes are lining up for the EU failure. EU countries seek a return to Democracy, and as Farage has said in the past, hopefully the markets take out the Euro, as it looks like it might.

The demise must happen quickly, because the extremes on the right and left are rising in similar fashion to how they did in the 1930's. Markets often take on a persona, and in this case I hope the market takes out the EU before one of these extreme groups gains too much power.

While many seem to have forgotten, it would be wise to remember the last time an extreme party rose to power out of similar economic and social conditions.

Pursuit of Unhappiness

Those crazy intellectual elites over at the United Nations are engaged in mind exorcises once again. You may have thought involving themselves in the Trayvon Martin case was overreaching enough, but no, as they arrive at a set of conclusions of actions they indicate would make everyone happy. Glenn Beck noted the pure comedy, except unfortunately these idiots are playing for keeps and have allies in high places in Washington DC. Take a listen:



Just what we need; a bunch of technocrats from various countries inferior in, among other things economic standing and human rights, dictating to us how to achieve happiness. Seeking council from hedge fund manager and socialist George Soros, their recommendation centers around implementing the policies found in Europe of economic fairness and social justice, which has worked quite well as 60 Minutes documented on Sunday Night. Take a listen:



Those policies have created a crisis in Europe, as countries have lost their sovereignty and are being rules by technocrats who are unelected and have no accountability to those they yield power over. With that, the individual spirit, ingenuity and personal dignity is crushed and the degree of difficulty in regaining an economic foothold is greatly diminished. In a rather lengthy video, one you should most certainly view, our old friend Nigel Farage explains in answering a series of questions just how evil the whole idea of unaccountable groups like the UN governing your lives and dictating your choices. Engage Nigel now:

Under the financial crisis in the Eurozone, governments feel compelled to assume power in efforts to help solve the problem. Under such a crisis, weary and afraid citizens find it easy to turn to government officials for assistance. Rahm Emanuel, President Obama's former Chief of Staff, quipped once to "never let a crisis go to waste", and they do not.

I prefer the words of Ronald Reagan, who said "The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.". So true. The reason is because every time the government gets involved in commerce (health care, Global warming) or regulation of action (curfews, taxation, regulation), portions of your freedom are relinquished, and they are usually never given back.

More troubling on the Eurozone is the emergence of non-elected technocrats who implement policies without being held accountable by the governed. Uncle Sam is heading, and being directed, down this road; a road to serfdom.

Reagan can be quoted all day, but he accurately describes the value of freedom in noting "Freedom is one of the deepest and noblest aspirations of the human spirit." We must avert any loss of freedom, particularly under the direction of those who indicate they know best and can be of eternal assistance to you if given the chance. Offer them no quarter, because as Reagan pointed out, "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

Freedom in Europe has been losing ground for decades, and the working class know it. Opportunities for advancement to pursue dreams have been curtailed by those who govern. With unsustainable pensions now being stolen by officials, civil unrest is predictably taking place. The wealth of America is being transferred against our will through quantitative easing, and folks are getting restless, fearful of losing future opportunities at achieving the American dream. America was built on faith and the backs of a moral people who work hard pursuing their dreams. The pursuit of happiness.

Let us move immediately to protect these opportunities for our children and grandchildren, before the intellectual elites gain an unsurmountable position against a sleeping electorate, one who, if not careful, may lose the right to freely elect and fall into darkness.

Greased in Greece

Massive government entitlements have placed the nation of Greece in a very precarious position. Options for a country this far in the weeds are few, and there is no chance to avoid the comeuppance, as painful austerity measures are necessary to save the country from total collapse, and the citizens don't quite like it.

Nigel Farage was in Greece last week and offered a thorough examination of the status of the Greek economy. It would serve you well to listen to Farage, because if Uncle Sam does not change course immediately, our economic, and social, forecasts could be quite similar. Take a listen:



Greece joined the European Union, as Farage said, in the spirit of trade, friendship and cooperation, but the fine print, as you may suspect, puts the future and sovereignty of Greece, in desperate need of capital, in serious jeopardy.

In order to preserve the EU, a bailout has been extended to Greece, but at a horrendous cost. EU technocrats will determine what Greece spends, and the rules of the game for the Greek economy. With that is lost the entrepreneurial spirit, the opportunity to take on risk and the potential gains in prosperity for the citizenry.

The entitlements are overwhelming the system, and austerity measures implemented against those receiving the benefits have resulted in civil unrest. With growth opportunities smothered and a dependency on the state indoctrinated, the identity of the citizens is stolen and their spirit is broken. All in the name of wealth transformation.

Whether it be under the premise of increasing trade or the curing of non existent global warming, the objective behind the curtain is the transformation of wealth and central planning by technocrats.

In fact, did you hear Vice President Biden call for a global minimum tax yesterday?



Just who will implement and enforce that tax? Who will the revenues benefit? As money is fungible, certainly the revenues will be diverted to other well intentioned (?) projects. Just who in the hell do these people think they are, as Farage said in one of his many tirades.

These people are intellectual faculty lounge elites who seek to hold power over the decisions that are able to be made by the citizens through central planning mechanisms. At the end of the day this is the transformation of wealth, limiting the power of those who have it, to the government to allocate to those they think warrant it. A society where techocrats pick winners and losers rather than free markets dictating successes and failures.

This would be where your freedom, as an individual and as contributing member of society, is greatly diminished. For a picture of what that looks like, complete with civil unrest, see Greece.

Technocratic Foul

Although an untold number of pundits and the mainstream media have echoed in song the European crisis is behind us, nothing could be further from the truth. Just yesterday, while three big French banks were being downgraded, a deal reached by the Greek Government and its private creditors has been rejected by Eurozone finance ministers. Today, IMF Managing Director Christine Lagarde called for a larger bailout fund for the European Central bank to work with to prohibit "disastrous implications for systemic stability.”

As distressing as it is that foreign markets have deteriorated to such levels, more troubling is the idea that all this has been orchestrated. Orchestrated to collapse monetary systems into a global structure, perhaps headed by the IMF.

Sound far fetched?

Romano Prodi, former Goldman Sachs consultant, creator of the Euro and former EU Commission President, offered the following comment in December of 2001.

"I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”

Europe is in full financial crisis as we speak, and those in control of the purse strings make demands of member nations, which at best decreases their sovereignty. Nigel Farage has been calling out these folks for a few years now, and he was at it again last November.



Should a new economic system come to fruition and a new structure take over, it will be based on the collective, or Communism. Unfortunately, as the must read blog Zero Hedge reports, this may be beginning in Italy, who is on the verge of collapse. Glenn Beck has more:





Although the media is complicit in the events of the day, you likely do not come across the very strange stories taking place on a daily basis. Technocrats are running the show, but not only in Europe. In the form of Obama's cast of Czars, we have technocrats orchestrating policy here in America as we speak, led by Cass Sunstein.

For some examples, recall the shafting of the auto maker bond holders, and more recently, the investors left holding the bag at MF Global. Central to this is the Federal Reserve, who as First Principles Capital Management CEO Doug Dachille contends, has taken over the casino. In short, wealth is being transferred, without your consent.

Those in favor of globalization, and President Barack Obama has long been associated with these folks, are working hard to destabilize and collapse the economic system of America, Cloward and Piven style. Who with any sanity would manage increasing debt levels of north of 15 trillion? That more than defines unsustainable.

Kevin Freeman, CEO of the Freeman Global Investment Counsel and author of the new bestseller "Secret Weapon," recently spoke with Glenn Beck about his contention of how the 2008 crash came to pass. Please take time to listen to this compelling information:



Each of the players are still quite active, and Freeman points out we are in the midst of the third and final stage. The re-election of President Obama would allow him to escalate the collapse where a European style structure will be waiting to take over. Through his actions and grand thoughts of himself, it is obvious Obama would love to be Dictator in Chief. Even is he is defeated, the job of reversing the direction will be very tough, as players on both sides are participatory in this effort.

Should a major crisis occur, most will be longing for government assistance, assistance the government will be all to willing to give, free market capitalism will pay a heavy price. The price to paid is a monumental loss of individual liberty and freedom, something those preaching the collective, such as shared sacrifice, are aiming to restrict if not eliminate.

The salvation of the state is the watchfulness in its citizen, provided the citizen has the power granted by our Founding Fathers and the US Constitution. Don't let the technocrats take it away. Should it happen, no technocrats will call a technical foul. The game, the grand experiment, our Gift, will be over.

Market Trick

Halloween was not kind on the corner of Wall and Broad today, and with good reason.

While traders were receiving treats last week from the news of a Euro fix, it really is nothing short of a trick. We have been down this road before, and we will go down it again, and as we pass each exit for a real fix, the pain forthcoming gets deeper.

FOX Business' Judge Andrew Napolitano speaks with Nigel Farage, who has been on this story from the get go. Take a listen:



As traders woke up to learn of the impending blowup of MF Global, headed by former New Jersey Governor Jon Corzine, they found the futures in the negative. It should not have come as a surprise that Corzine, who blew an 8 billion dollar hole in New Jersey Chris Christie is now cleaning up, would fail miserably at MF Global. Fail at running the company yes, but apparently not in securing cash for himself, typical for Democrats in these positions. To think as recently as August Corzine was being considered by President Obama as a the new Treasury Secretary should indicate the level of complete incompetence leading this country.

This evening, Clusterstock reports of "hundreds of millions of dollars missing", which cannot be good for the markets, propped up by false fundamentals and already spooked by a myriad of issues, including on the domestic side a continuous mortgage meltdown.

But further concerns over the supposed Euro fix is what really what spooked the markets. Good money is being put after bad, bailing out entitlement expenditures which cannot, and should not, be sustained. As Farage put it years ago, the fixes won't work and we can only hope the markets derail this before things get really bad, as if they have not already.

Restated; they will soon run out of everyone else's money. Invest accordingly.

Is The Game Up?

The US financial markets blew up in 2008 in the aftermath of a housing crisis, a bubble caused by easy money and governmental influence, one far from in conclusion. According to the Obama administration, their policies pulled the US economy from the brink of depression and have jump started a recovery. And I am King Tut.

Birth Pangs. Day by day since, there continue to be warning signs of global financial collapse across the globe. From France burning two years ago to London two weeks ago, the natives are restless and are lashing out.

Broken in spirit, void of incentive and corralled from leadership, the youth who were promised a gravy train from a central planning government are violently attacking now that the money has run out. A history of Margaret Thatcher would seem appropriate.

Europe, joined at the hip in promoting global socialism, and through inclusion in the EU, search for stability by limiting member governments from operating independently with the necessary flexibility to innovate and increase production and individual wealth. Who could have seen the negative fall out coming?

Nigel Farage for one.

Farage hits a home run, one which should be absorbed as a shot heard round the world. Investors Business Daily notes in today's edition that Euro Zone debt fears start to hit France as the 10 year yield spread between France and Germany has tripled in recent weeks, which could be foretelling the financial contagion is spreading to the heart of Europe, just as Farage predicted.

Former FED Chair Alan Greenspan, The Maestro, who contributed to the easy money platform the housing crisis sprang from, weighed in on the Euro today, noting “The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” Greenspan continues the European contraction would hurt profitability and stock values of American companies. You think?

The more central planners plan, the more their plans fail. The more their plans fail, the more they plan. Continue as they must to contain the fallout, we know one thing. Well, it won't work.

Greenspan correctly pointed out “The problem is that there is a growing cleavage in the economic and analytical and banking circles as to whether the Euro, which is the crucial issue here, should be 17 countries with very significantly different cultures” regarding the role of government, consumer spending and inflation. Indeed, while there can be alliances to further trade agreements, each country should have independent currencies for sound monetary policies to anchor allowing the necessary flexibility needed to create sustainable growth.

This is not the case in Europe, and with America moving swiftly to a cradle to grave entitlement nanny state, a global collapse is all but certain. PIIGS don't fly. Bailouts will lead to more bailouts, and at some point the money runs out.

Farage is quite right in hoping market principles derail the central planning elites prior to the spirit of the individual being lost for eternity. It is the principals of free market capitalism that provides the best path prosperity, and we must seek out and associate with leaders who are rock solid on this principle before the game is up.

Of course, in America, we always have the voting booth to cleanse out those void of our founding principles. At least for now.