You didn’t hear this from the Fake News Media

Not a peep from them. Doesn’t fit the narrative of Trump’s anti-Muslim agenda rant they have on the front burner. However Trump doesn’t have anything of this nature being suggested or mentioned ever.

Migrants are being sold at

open slave markets in Libya

Vulnerable refugees from West Africa often arrive in the country with no money and no papers.

Migrants from West Africa are being openly traded in “public slave markets” across Libya.
As a departure point for refugees trying to get to Europe, migrants arriving in Libya from sub-Saharan are particularly vulnerable due to a lack of money and little in the way of documentation.

Survivors have told the International Organization for Migration (IOM) how there are slave markets and private prisons all over Libya.

Mohammed Abdiker, IOM’s head of operation and emergencies, said: “The situation is dire. The more IOM engages inside Libya, the more we learn that it is a vale of tears for all too many migrants.”

One survivor from Senegal spoke of how he was brought by smugglers across Niger in a bus to the southern Libyan city of Sabha, where he was due to risk a boat trip to Europe. When the middleman did not get his fee, the survivor was put up for sale along with other passengers.

He was taken to a prison where he worked without pay while the captors demanded 300,000 West African francs (about £380) before selling him on to a larger jail. Livia Manante, an IOM officer based in Niger, said migrants would be brought to a square where they were put up for sale.

Manante said: “IOM Italy has confirmed that this story is similar to many stories reported by migrants and collected at landing points in southern Italy, including the slave market reports.”

Those who did not get their ransom paid were often taken away and killed while others would die of hunger and disease in unsanitary conditions.

“If the number of migrants goes down, because of death or someone is ransomed, the kidnappers just go to the market and buy one,” Manente said.

The going rate for a migrant was between $200 (£160) and $500 (£400) each, with many forced into captivity for months before they are freed or sold on. So far this year more than 170 bodies have washed up on the shores of the Mediterranean while the Libyan Coast Guard has also rescued thousands more.

IOM has helped repatriate 1,500 people back to West Africa so far this year where it is trying to inform people not to risk the journey to Libya where they face exploitation.

“Migrants who go to Libya while trying to get to Europe, have no idea of the torture archipelago that awaits them just over the border,” said Leonard Doyle, chief IOM spokesman in Geneva. “There they become commodities to be bought, sold and discarded when they have no more value.”

This article was first published on April 11, 2017

Advertisements

Observations

With the upheaval in European Union; you saw the voter strike back in Italy. They wrapped Renzi in a jester outfit and point him down the road. The shakeup continues as gold firms up; those bozos who have played with notional gold which is the ETF’s. The big boys are trying to salvage their metal from the paper. LOTSA LUCK!

Toast-The Status Quo Strikes back…From Rico

The Italian referendum vote means the EU and the Euro are effectively toast.
– The results prompted an entirely rational flight to safety in the Gold market.
– It also prompted an entirely irrational bit of vengeance from the Status Quo, who monkey-f**ked the spot price downward in two huge $3.5 billion notional Gold dumps [read: nonexistent Gold].

These are the wild thrashings of a dying beast…
– Many who manage to stand clear of these death throes will be enjoying some tasty ‘beast pate’ on their toast.

5dec16-gold-manipulated-post-italeave-vote

If you haven’t rid yourself of that paper gold, you might be too late. Paper gold is overextended about 30 to 1. That means there is slim hope of getting gold from the EFT; more than likely you will get US dollars back. Those may be worthless which is why you bought the EFT’s to start.
All this rushing around now is what the poobahs are doing, trying to salvage their wealth.

Laissez le bon temps rouler

What do you do when the “Good Times Stop Rolling”? Will you be standing outside the bank doors with a fistful of unsecured paper currency? Keynesian monopoly money that the Central banks and the Fed have used to scam the populations for all these years.

There’s a problem coming up. Your turn to roll the dice and the best you can do is land on Boardwalk. Whadda know? Somebody built hotels on the Boardwalk and they don’t want paper money for the rent. What can you get for that funny money RIGHT NOW.

Let us take a look at what that toilet paper will buy or exchange for goods.
2016 YTD-performance
Oh boy, that doesn’t look good.

Getting “physical”…from Rico

When normally silent and invisible figures like Lord Rothschild publicly express their ‘concern’ over the Keynesian unbacked paper fiat-money experiment by Central Banks (and very ‘privately’ increase their Gold investments like he just did) maybe it’s time to start “paying attention.”
– It’s also time to consider holding “paper” promises vs. getting “physical.”

By “paying attention” I ask what are “paper” promises (IOU’s) going to be ‘worth’ in any one of these three likely economic scenarios?*
– Deflation, Stagflation, Hyperinflation.

*I’m NOT holding out any hope of a return to normal business and private sector cycles absent central-planning manipulation or corrupt crony “rigging” any time soon.

By “physical” I do not mean tugging-on the old sweats and going to the gym or for a run around the block, I mean hard assets like precious metals, oil & gas, real estate….tangible things. Those with serious wealth to protect have already moved into antiques and art as well.

The attached 2016 YTD chart of returns on assets is my point. Silver is in the #2 spot with a +36.6% return, and Gold is at #4 with a +26.19% return. Oil (WTI) shows a +9.61% return and NatGas +7.38% return.
– In a ZIRP and NIRP economic environment, how does that compare with returns on Certificates of Deposit or Bonds? [zero interest rate policy; negative interest rate policy]

– How about holding good old CASH? The return YTD for holding USD is -4.61% (not factoring-in an inflation rate of 8-10% on top of that). OUCH.

Since the last time we posted about silver here, the price rose from $13± to $20± per ounce. Gold has come up in price. If you follow the mechanizations of the bankers on the COMEX, you will see the price driven down for a short period. That is when the large buyers make purchases. This manipulation is done by selling off the ETF’s in silver pushing down the price,then buying them back bringing up the price again.

Tell me honestly, how long do you actually believe this nonsense can go on? Are you believing that Obama and Hillary care about this country? That this Congress cares about something other than their wallets?

If you do a fast vacation trip to Venezuela should help you understand how all this ends.

Hope n’ Change

Voting In Favor of “Breaks It”

Voting For Breaks It 1All we are saying is give pieces a chance.

UK voters stunned the world by shaking things up with their vote for “Brexit.” Here in the United States, we’ll soon be given the opportunity to vote for Donald Trump – and we think the odds are that if he’s given control of our government, he breaks it.

And we’re all for it. [snip]

**********************************************************************

June 29, 2016

Conflagration Prize

Conflagration Prize 1

Progressives are happily dancing atop the graves of our Benghazi dead following the final House Select Committee 800-page report on what went wrong and who is to blame.

In a nutshell, it seems that everything went wrong, and the entire incident was the almost unavoidable outcome of policy failures, bureaucratic mismanagement and miscommunication, dismal understanding of the situation in Libya, gross underestimation of necessary security to protect Americans, and general fumbduckery. Meaning that no one – especially Hillary in the Left’s estimation – is to blame because the entire system failed at every level.

For Progressives, this means that Hillary is now cleared and qualified to become president of the United States, an office from which she can give every citizen the same level of protection she provided for the fallen in Benghazi.

Interestingly, the report makes clear that pretty much everyone in the Obama administration, including Hillary, lied their pants (or pantsuits) off about what actually happened – choosing to promote their entirely bogus “Youtube demonstration” story in order to not distract Americans in an election year with the troublesome truth that the war on terror hadn’t really ended with Bin Laden’s death. Hillary Clinton knowingly lied to the victims’ families when she told them that the videomaker would be brought to justice, and subsequently lied when she accused those still-grieving family members of being liars themselves for failing to cover her polyestered rear end.

Democrats on the investigative panel issued their own version of the report, declaring that the whole Republican-led investigation was a political sham intended only to sully a presidential candidate’s reputation, which is an unacceptably sleazy and partisan thing to do. The Democrat report then somehow inserts 23 negative references to Donald Trump, which is apparently an acceptably sleazy and partisan way to sully a candidate’s reputation. [snip]

Gold, Silver or Dross

WalletGeorge Soros has to be one of my least liked persons. what he did as a youngster working with the Nazis and is politics now bring new meaning to the word ‘Vomit’. As an investor, one has to pay attention to what he does. He’s not always right but anyone that amasses the amount of money he has, isn’t wrong very often.

Loon Watch has been a believer in accumulating negotiable metals as protection against idiot governments.

Problem: BREXIT, the EU

and Central Banks

A Bearish George Soros Is Trading Again

After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles.

Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.

Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.

The moves are a significant shift for Mr. Soros, who earned fame with a bet against the British pound in 1992, a trade that led to $1 billon of profits. In recent years, the 85-year-old billionaire has focused on public policy and philanthropy. He is also a large contributor to the super PAC backing presumptive Democratic nominee Hillary Clinton and has donated to other groups supporting Democrats. [snip]

Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.

“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said. Still, Mr. Soros said recent strength in the British pound is a sign that a vote to exit the EU is less likely.

“I’m confident that as we get closer to the Brexit vote, the ‘remain’ camp is getting stronger,” Mr. Soros said. “Markets are not always right, but in this case I agree with them.” [snip]

We shall see. the question is who will be sitting around until the financial quake hits.

Collectivist Banking

Any socialist government, no matter how benign they may claim to be,
will over time destroy the free market system. In fact, no government can do good for the free market except by keeping their hands off with one exception: Prosecuting fraud, theft and other criminal activity. Beyond that any attempt to control prices, sales or production. Via subsidies or taxes, the government can and does exert influence over markets. Think ethanol.
FDR did it, Nixon did it, with health care, Obama is doing it. All disasters, each attempt failed and caused serious price distortions. NYC’s rent control has rents so warped, that landlords take rentals off the market, rather than lose money on the rents.

End result of Government meddling in free markets

Olivier Blanchard eyes ugly ‘end game’ for Japan on debt spiral

Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the world’s most influential economists has warned.

Olivier Blanchard, former chief economist at the International Monetary Fund, said zero interest rates have disguised the underlying danger posed by Japan’s public debt, likely to reach 250pc of GDP this year and spiralling upwards on an unsustainable trajectory.

“To our surprise, Japanese retirees have been willing to hold government debt at zero rates, but the marginal investor will soon not be a Japanese retiree,” he said.

Prof Blanchard said the Japanese treasury will have to tap foreign funds to plug the gap and this will prove far more costly, threatening to bring the long-feared funding crisis to a head.

“If and when US hedge funds become the marginal Japanese debt, they are going to ask for a substantial spread,” he told the Telegraph, speaking at the Ambrosetti forum of world policy-makers on Lake Como. [snip]

Japan debt

“One day the BoJ may well get a call from the finance ministry saying please think about us – it is a life or death question – and keep rates at zero for a bit longer,” he said.

“The risk of fiscal dominance, leading eventually to high inflation, is definitely present. I would not be surprised if this were to happen sometime in the next five to ten years.”

Arguably, this is already starting to happen. The BoJ is soaking up the entire budget deficit under Governor Haruhiko Kuroda as he pursues quantitative easing a l’outrance. [snip]

The Federal Reserve has practiced the same policies as Japan has. Japan is a nation of savers; Bank of Japan (BoJ) introduced negative interest rates to get that money out of savings and into the markets. The inflation started when the public took their money out of the bank and kept it at home.
Neg chart

We shall see what happens with the upcoming election here in the US. All this can be changed; the shock to the system is going to be one many won’t like. Subsidies gone, so called ‘entitlements’ eradicated. jobs lost in some sectors with gains made in others to offset those loses. More automation will show up in low wage/entry level employment.

We’re at the point where tax revenues are close to debt: A maxed out credit card. If Yellen has to raise interest rates, that means there is less money available to pay of all that tasty cheese everyone has taken for granted as there at the first of the month. Cut backs and/or tax increases are necessary.

Additionally, the fraud and waste in our Government has to go. this won’t be accomplished by electing a new President. This requires a complete clean-out of Congress. This means your Representative. Everyone agrees Congress is bad, but their mushwit is OK. Well he isn’t.He’s committed to the principle that he’s above reproach and dedicated to keeping him/herself part of that club.

No change in Congress, no change anywhere.

Collectivist Banking

‘Confiscating’ your cash…from Rico

The financial system today increasingly reminds me of the old Vietnamese Imperial City of Hue on the Perfume river that “had to be destroyed in order to ‘save’ it.”

QE has NOT worked. ZIRP has NOT worked. – In the past several weeks two Central Banker heads (BOJ and ECB) have admitted that they do not have the tools to ‘fix’ their respective financial system’s problems.

Like QE and ZIRP, their latest ‘idea’ NIRP, is NOT working. – Instead of driving people to spend more and improve the economy via consumption as was expected, it has had the opposite result. NIRP has driven people into cash (mattress cash) and away from bank balances, and they are not spending…they are saving and hoarding cash. Countries that have already gone NIRP have demonstrated the failure of yet another Keynesian theory.

WalletTheir current ‘idea’ is the war on cash. Confiscating your cash.
Cash, like Gold and Silver bullion, provides a loophole for people to escape the financial repression that digital cash can impose. Digital cash can more easily be taxed and taken by banks and governments who want (and need) to ‘skim’ from it.

Eliminating cash has to be undertaken stealthily and silently (you won’t be getting much, if any, warnings in advance), since a panic “run” on cash could be a serious problem.

Loose changeThere is only ONE dollar in physical cash circulating for every TEN+ dollars in saver’s claims on physical cash. This translates into the following: 9 of 10 people after the 1st one to withdraw his cash from the banking system will get nothing.

Eliminate cash, eliminate the chances of a bank run on a fractional system, plus make it easier for governments/central bankers to access everyone’s digital money. Win win. Problem solved. For them anyway. Not so much for you (unless you understand that ‘if you don’t hold it, you don’t own it’).

But like the war policy did for Hue, this financial policy may “have to destroy the financial system in order to ‘save’ it.”