Investors around the world are asking the critical question, are we looking at 2008 all over again or not? Today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to let readers know the answer to that all-important question. Here is what Pento had to say about the [...]]]> from King World News

Investors around the world are asking the critical question, are we looking at 2008 all over again or not? Today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to let readers know the answer to that all-important question. Here is what Pento had to say about the situation: “As most of you already know, I have for years been in the vanguard warning about the inflationary policies pursued by global governments and central banks. However, we now face a hiatus of monetary intervention and that has once again brought about the fear of deflation—which is the natural countervailing force to inflation.”

Continue Reading at KingWorldNews.com…

http://Silver-Investor.com Thanks to Precious Metals Investing for the interview. http://preciousmetalsinvesting.com/

I bumped into an old friend the other day. Rick Freeman has always been an employee. Recently he became an entrepreneur and he’s helping people who either don’t have a banking relationship or refuse to have one. He cashes paychecks and provides a number of services to this group who don’t have the [...]]]> from FinancialSurvivalNet

I bumped into an old friend the other day. Rick Freeman has always been an employee. Recently he became an entrepreneur and he’s helping people who either don’t have a banking relationship or refuse to have one. He cashes paychecks and provides a number of services to this group who don’t have the benefit of a bank holding their money. Years ago, we used to make fun of people who distrusted banks and held their funds in the “mattress.” Now adays, after the most recent financial crack-up, a large segment of the population has lost faith in the banking sector. While these parasitic institutions have taken trillions in government bailouts, they continue to milk their clients for every possible cent in fee income. It is this constant nickle and diming that has made the public extremely angry and resentful towards these crony capitlists. And it’s why Rick’s business is starting to take off.

Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.

Yesterday I got to spend the day with Jay Taylor, a fellow radio guy, who’s sites include Mining Stocks.com and Jay Taylor Media.com. Jay’s a former financial guy, who used to write a small newsletter as a hobby. Eventually, his hobby became his passion and he started writing full time and doing radio. [...]]]> from FinancialSurvivalNet

Yesterday I got to spend the day with Jay Taylor, a fellow radio guy, who’s sites include Mining Stocks.com and Jay Taylor Media.com. Jay’s a former financial guy, who used to write a small newsletter as a hobby. Eventually, his hobby became his passion and he started writing full time and doing radio. He’s as passionate as yours’ truly and honest and completely authentic, which is why we hold him in such high esteem as the Financial Survival Network. We went to a Yukon Mining Presentation and there were a number of good companies presenting. This sector, is the casualty of the gold and silver manipulation scheme. Many of them are worth more dead than alive. But more importantly, the fund managers present had absolutely no concept of what’s going to hit the US and World economies shortly. And that was truly alarming.

Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.

by Daniel Miller DailyMail

The Department of Homeland Security has been forced to release a list of keywords and phrases it uses [...]]]> Department of Homeland Security forced to release list following freedom of information request. Agency insists it only looks for evidence of genuine threats to the U.S. and not for signs of general dissent

by Daniel Miller
DailyMail

The Department of Homeland Security has been forced to release a list of keywords and phrases it uses to monitor social networking sites and online media for signs of terrorist or other threats against the U.S.

The intriguing the list includes obvious choices such as ‘attack’, ‘Al Qaeda’, ‘terrorism’ and ‘dirty bomb’ alongside dozens of seemingly innocent words like ‘pork’, ‘cloud’, ‘team’ and ‘Mexico’.

Released under a freedom of information request, the information sheds new light on how government analysts are instructed to patrol the internet searching for domestic and external threats.

Continue Reading at DailyMail.co.uk…

Yesterday in Gold and Silver

Gold hit its low price of the day [about $1,551 spot] during the Hong Kong lunch hour yesterday…and then rallied in fits and starts for the rest of the trading day as it advanced westward across Planet Earth on Friday.

And, [...]]]> by Ed Steer
Ed Steer’s Gold & Silver Daily

Yesterday in Gold and Silver

Gold hit its low price of the day [about $1,551 spot] during the Hong Kong lunch hour yesterday…and then rallied in fits and starts for the rest of the trading day as it advanced westward across Planet Earth on Friday.

And, in a rare occurrence, gold closed virtually on its high of the day at $1,573.70 spot…up $15.90 spot. The actual high [$1,575.40 spot] came about twenty minutes after the Comex close, but it was on such tiny volume, it’s hardly worth dignifying with the words ‘high tick’. In front of the U.S. Memorial Day long weekend, net volume was a vanishingly small 82,000 contracts, give or take.

Continue Reading at CaseyResearch.com…

The gruesome and compelling statistics about how the growth of State power has displaced fatherhood and crippled the traditional family, and its effects on innocent and helpless children. Brought to you by Stefan Molybeux, host of Freedomain Radio, the largest and most popular philosophy show on the web – http://www.freedomainradio.com

Good morning Ladies and Gentlemen:

Gold closed at its highest point on Friday $1568.80 for a gain of $11.50. Silver also did pretty good rising by 20 cents to $28.37. Friday was truly remarkable for our precious metals because they rose despite a 75 point [...]]]> by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report

Good morning Ladies and Gentlemen:

Gold closed at its highest point on Friday $1568.80 for a gain of $11.50. Silver also did pretty good
rising by 20 cents to $28.37. Friday was truly remarkable for our precious metals because they rose despite a 75 point drop in the Dow and a fall in the euro/usa dollar cross.

(The final dow figures: 12454 for a drop of 74.92 points.
The Euro/dollar cross closing: 1.25152)

Continue Reading at HarveyOrgan.Blogspot.ca…

The dream of virtually anyone who has ever traded even one share of stock has always been to generate above market returns, also known as alpha, preferably in a long-term horizon. Why? Because those who manage to return 30%, 20% even 10% above the S&P over the long run, become, all else [...]]]> from Zero Hedge

The dream of virtually anyone who has ever traded even one share of stock has always been to generate above market returns, also known as alpha, preferably in a long-term horizon. Why? Because those who manage to return 30%, 20% even 10% above the S&P over the long run, become, all else equal (expert networks and collocated flow-frontrunning HFT boxes aside), legendary investors in the eyes of the general public, which brings the ancillary benefits of fame and fortune (usually in the form of 2 and 20). This is the ultimate goal of everyone who works on Wall Street. Yet, ironically, what most don’t realize, is that these returns, or Returns On Investment (ROI), are absolutely meaningless when put side by side next to something few think about when considering investment returns.

Continue Reading at ZeroHedge.com…

The Commodity Futures Trading Commission (CFTC) has been negligent in failing to terminate the obvious manipulation ongoing in silver. Furthermore, the agency may be complicit in this manipulation. Worse, it has lied to the public and elected officials. This all goes back to the time when Bear Stearns was taken [...]]]> by Theodore Butler
Silver Seek

The Commodity Futures Trading Commission (CFTC) has been negligent in failing to terminate the obvious manipulation ongoing in silver. Furthermore, the agency may be complicit in this manipulation. Worse, it has lied to the public and elected officials. This all goes back to the time when Bear Stearns was taken over by JPMorgan in March of 2008. It is well known that Bear Stearns went under as a result of a sudden loss of liquidity amidst a run by creditors and customers. What is not well known is that those problems were greatly exacerbated by a $2 billion margin call on silver and gold short positions from the end of December 2007 to March 2008. I believe the silver and gold margin calls were at the heart of Bear Stearns’ failure.

Continue Reading at SilverSeek.com…

Of all the podcasts I’ve recorded, this is certainly one of the most important.

Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I’m grateful that he did because John’s new book, “The Golden Revolution“, is the most important book that I’ve read in quite some [...]]]> from TF Metals Report

Of all the podcasts I’ve recorded, this is certainly one of the most important.

Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I’m grateful that he did because John’s new book, “The Golden Revolution“, is the most important book that I’ve read in quite some time. At just 200 pages, the book neatly summarizes the history of global sound money, the circumstances surrounding the exit of the previous gold standard and the likely events that will effect and implement the next, global gold standard. Read this book and you will begin to understand how and why this new gold standard is inevitable.

Click Here to Listen to the Audio

Continue Reading at TFMetalsReport.com…

The United States is home to a gigantic socialist sector, larger and with a greater reach than any in the world, and it is fed by tax dollars and managed entirely by the government. Strangely, the opponents of socialized medicine and socialized industry don’t complain about it. In fact, [...]]]> by Jeffrey Tucker
Whiskey and Gunpowder

The United States is home to a gigantic socialist sector, larger and with a greater reach than any in the world, and it is fed by tax dollars and managed entirely by the government. Strangely, the opponents of socialized medicine and socialized industry don’t complain about it. In fact, all throughout the 1980s and 1990s, they urged its expansion.

It is called the prison system. It’s a fairly new system, but the cruelties of similar systems are so famed throughout history that they are spoken of by the Psalmist: “For the Lord hears the needy and does not despise his own people who are prisoners.”

The presumption in the Psalms is that prisoners are despised, ignored, forgotten, dismissed — and they are in our country, where this topic is not even on the list in the mainstream debate.

Continue Reading at WhiskeyAndGunpowder.com…

by Katherine Rushton Telegraph.co.uk

In a stern message to the crisis-hit country, Ms Lagarde said she has more sympathy for poverty stricken children in sub-Saharan Africa than [...]]]> The Greeks have had years of having fun and shirking taxes, but now it is payback time, Christine Lagarde, the head of the International Monetary Fund has warned.

by Katherine Rushton
Telegraph.co.uk

In a stern message to the crisis-hit country, Ms Lagarde said she has more sympathy for poverty stricken children in sub-Saharan Africa than she does for those in Athens, and called for Greek citizens to take responsibility if they are worried about their own children suffering from cuts to public services.

“Parents have to pay their tax…I think they should also help themselves collectively…by all paying their tax,” she told a newspaper.

Greece has a notoriously poor record of collecting taxes but agreed to clamp down on tax dodgers in order to reduce its budget deficit, under the terms of its bailout package.

Ms Lagarde yesterday spelled out that she has no intention of softening the country’s austerity measures, despite growing political unrest among its citizens. Reflecting the international community’s growing impatience with Greece, she made it clear she has little sympathy for the country’s objectionst.

Continue Reading at Telegraph.co.uk…

I was recently in a spirited conversation with a small crowd of people about how my Stupid Mogambo Advice (SMA) to buy gold, silver and oil has not been working very well recently, and various theories were advanced as to why that should be the case.

One particular participant in the [...]]]> by Richard Daughty
MogamboGuru.Blogspot.ca

I was recently in a spirited conversation with a small crowd of people about how my Stupid Mogambo Advice (SMA) to buy gold, silver and oil has not been working very well recently, and various theories were advanced as to why that should be the case.

One particular participant in the conversation volunteered to me that perhaps the reason is that I am stupid. He looked right at me and said “You’re a stupid, lying moron!”, whereupon everyone agreed by cheering and clapping.

Yet another opined that they have not become fabulously wealthy overnight because I am a “Halfwitted loudmouth blowhard who doesn’t know anything about anything”, which was followed by more cheering and clapping.

Yet another pronounced “The Mogambo is a big fat stupid loser! And he eats like a pig! And he smells like a pig, too!” which was followed by even more cheering and clapping, and more than a few “oink oink” noises, which is not as charming as it sounds.

Continue Reading at MogamboGuru.Blogspot.ca…

According to IIF director Charles Dallara in a Bloomberg interview, “ECB will be insolvent if Greece were to exit the euro. Europe would have to first and foremost recapitalize its central bank.”

Excuse me for asking but how would they attempt to do that? Print Euros?