Gold Spikes To Record High Over $2,130, Bitcoin Soars Above $40,000 As Market Calls Powell’s Bluff

Via Zero Hedge

On Friday, shortly after Powell failed to hammer the hawkish case in his “fireside” chat with stocks eager to take out 2023 highs, we said that Powell has a big problem on his hands not so much because if the market was indeed correct about imminent easing that only assures that inflation will come back with a vengeance and Powell would indeed be the “second coming” of a former Fed Chair – only Burns not Vlcker  – but because the kneejerk surge higher in gold (and digital gold) meant that the once again deathwatch for the dollar – and fiat in general – had resumed.

Well, with futures having opened for trading on Sunday night, what we joked about on Friday, namely that Powell – having seemingly once again lost control of the hawkish narrative – may be leaking emergency rate hikes though Nick Timiraos on Dec 12, ahead of the December FOMC (now that the Fed is in blackout mode)…

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WHAT DIFFERENCE DOES IT MAKE?

During questioning by Senator Ron Johnson in 2013 about the false narrative of a Prophet Muhammed video spurring a spontaneous demonstration, presented by National Security Advisor Susan Rice and Secretary of State Hillary Clinton, regarding the Benghazi attack that killed Ambassador Christopher Stevens and three other Americans, Clinton angrily responded with her now famous quote.

“With all due respect, the fact is, we had four dead Americans. Was it because of a protest or because of guys out for a walk one night who decide to kill some Americans, what difference at this point does it make?” – Hillary Clinton

Pin on humour

I’ve lately found myself saying “what difference does it make” regarding the outrages being inflicted upon myself and my fellow citizens on a daily basis.

I’ve been railing for years against out of control government spending; undeclared never-ending wars across the globe provoked by the military industrial complex; un-Constitutional surveillance of Americans by our Deep State government overseers; the extreme greed and criminality exhibited by Wall Street bankers as they pillage the national treasure; corrupt politicians of both parties paid off to do the bidding of their corporate sponsors; propaganda spewing fake news media corporations; the Deep State running things behind the curtain; and the destroyer of worlds – the Federal Reserve – debasing our currency as they enrich the few at the expense of the many.

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THE ROAD TO PERDITION IS PAVED WITH EVIL INTENTIONS

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms

The Logic of globalism | The Vineyard of the Saker

“Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.”Nassim Nicholas Taleb

As we continue our national lockdown suicide cult to hell, I find myself getting angrier and angrier at the pathetic leadership displayed by politicians, government bureaucrats, so called medical “experts”, and intellectual yet idiot academics displaying their ignorance of facts, reality, history, and humanity. My nature is to be skeptical of everything I read or am told.

I most certainly disregard everything communicated to me by politicians, world leaders, central bankers, corporate CEOs, CNBC talking heads, the mainstream corporate fake news media, and lately – self-proclaimed medical experts who have distinguished themselves by not seeing the danger coming, downplaying the danger, not being prepared for the danger, incompetently handling the danger and righteously proclaiming the nation had to be brought to a full stop because their terribly flawed models said so.

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P FOR PANDEMIC

“People should not be afraid of their governments. Governments should be afraid of their people.” – Alan Moore – V for Vendetta

Coronavirus is close to becoming a pandemic, WHO warns - The ...

“Authority, when first detecting chaos at its heels, will entertain the vilest schemes to save its orderly facade.” – Alan Moore – V for Vendetta

I wrote an article called V for Vendetta – 2011 just over nine years ago on the day after the Tucson shooting where congresswoman Gabrielle Giffords and eighteen others were shot by a psychologically disturbed lunatic, with six dying. At the time, I thought of the scene from the V for Vendetta movie where someone did something stupid and all hell broke loose. I expected a similar result from this act, but those in control of our society were successfully able to put a cork in the bottle, preserving their façade of order.

We learned shortly thereafter, through the patriotic efforts of Edward Snowden and Julian Assange, how the government was using the vilest of schemes to surveil every American through their abuse of the Patriot Act. The government has become an enemy of the people.

The Immelman Turn » Blog Archive » Giffords Assassination Attempt

It is interesting to go back and view my conclusion from nine years ago and assess its accuracy as of today:

“This country has not reached the level of control and fear seen in Orwell’s 1984 and V for Vendetta, yet. We are moving relentlessly in that direction. Surveillance, monitoring, spying, censorship, secret prisons, predator drones, and conforming to state rules and regulations put citizens further under the thumb of an all-powerful state. The freedom to dissent, the freedom to be left alone, the freedom to speak out against injustice, the freedom to disagree with your government, and the freedom to present your ideas without fear of retribution or penalty are essential in a democratic society.

The next phase of this Fourth Turning will surely include another downward spiral in financial markets as un-payable debts accumulate to a tipping point level. When ATM machines stop spitting out twenties, food shelves are bare and gas stations are shuttered, social chaos will ensue. The government will react with further command and control measures. In V For Vendetta, the government creates a terrorist incident in order to gain unquestioned control over the population. Americans will need to be more vigilant than they have been over the last ten years in keeping an eye on their government.”

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SEE YOU ON THE DARK SIDE OF THE MOON (PART 2)

In Part 1 of this article I tried to link the greed and depravity of those pulling the strings behind the curtain of the Deep State with perpetual warfare being waged by the military industrial complex and the purposeful dumbing down of the populace so propaganda spewed by the Deep State’s media mouthpieces finds fertile ground. Pink Floyd’s lyrics from their existential album – Dark Side of the Moon – continue to resonate today, even more than they did in 1973.

Breathe

Image result for pink floyd breathe"

Breathe, breathe in the air
Don’t be afraid to care
Leave, don’t leave me
Look around, choose your own ground

Long you live and high you fly
Smiles you’ll give and tears you’ll cry
And all you touch and all you see
Is all your life will ever be

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POWELL OBEYS

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Freaky Friday Foments Furious Fed Fusillade From Trump

Guest Post by Tom Luongo

Friday night used to be the ‘best night on television.’ But today Friday afternoon is becoming the best soap opera we could hope for as President Trump pulls out all the stops to keep us both horrified and entertained.

It’s better than reruns of Dallas, for sure, though the hair is just as ludicrous.

Trump laid into FOMC Chairman Jerome Powell again musing aloud on Twitter as to who the bigger enemy of the U.S. was, The Fed or China.

Now, far be it for me to get upset with anyone criticizing the Federal Reserve. The FOMC, is really just a Politburo of Ivory Tower intellectuals with neither the practical experience nor the specific knowledge needed to ‘run the economy.

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What Trump and Powell Do Next…

Guest Post by Bill Bonner

BALTIMORE, MARYLAND – Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019.

This was widely expected by the markets, if not by us. Early yesterday, investors guessed – as we did – that the Fed would back off. They bid up the Dow by 350 points.

Then, when the news came out, they went the other direction… selling off by 700 points… to leave the Dow down 351 points, a new low for the year.

The Fed not only raised its key interest rate by 25 basis points; it also said that the economy may not be as strong as previously reported. And spirits visibly darkened in Lower Manhattan. From The Washington Post:

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WHAT THE HELL IS GOING ON?

“The older I grow, the more I distrust the familiar doctrine that age brings wisdom.” –  H.L. Mencken

 

“The older I get the less I listen to what people say and the more I look at what they do.”Andrew Carnegie

I’m 53 years old. The older I get the less sure I am about things I was sure about when I was 25 years old. I believed stocks for the long run was an unquestioned truth. I believed our economy was based on free market capitalism. I believed stock prices were based upon profits and cash flows. I believed a home was a place to live – not an investment. I believed the Catholic Church was run by good men doing good things. I believed journalists and the media were watchdogs working on behalf of the public. I believed our military was protecting our interests. I believed politicians legislated on behalf of the people. I believed the main purpose of bankers was to loan money to businesses and consumers in order to support economic growth. Boy, was I dumbass.

My skeptical nature, reliance on data I’ve personally vetted, and judging our leaders based on what they have done versus what they say, has allowed me to escape the Matrix. I wasn’t truly awakened until I watched Bush, Cheney, Powell, the rest of the neo-con prevaricators and fake news mainstream media utilize propaganda to railroad Americans into a $6 trillion unnecessary war, resulting in 36,000 American casualties, the destruction of a country and the creation of thousands of new Muslim terrorists.

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COLIN POWELL ON IRAQ: “YOU BREAK IT YOU OWN IT”

Bush, Cheney, Rumsfeld, Wolfowitz, and Powell should be forced to watch the videos below over and over. They are solely responsible for what has happened in Iraq. This isn’t Obama’s fault. It’s the fault of the neo-cons that wasted $1.5 trillion of our wealth, killed or maimed 50,000 American soldiers, murdered hundreds of thousands of innocent Iraqis, and have unleashed religious wars across the Middle East. The military industrial complex thanks them heartily. Colin Powell said this to President Bush before the Iraq invasion:

“You are going to be the proud owner of 25 million people. You will own all their hopes, aspirations, and problems. You’ll own it all.”

The dark lord – Dick Cheney – will be wheeled onto the set of neo-con warmonger Sean Hannity to blame Obama and his weakness for this disaster. The neo-cons will circle the wagons to deflect blame for the worst decision in modern US history. Oil prices were $25 per barrel on the day we invaded Iraq under false neo-con pretenses. Today it is $107 per barrel. That was only 11 years ago. The amount of blood on the hands of Bush, Cheney, Rumsfeld and the rest of the neo-con warmongers is too large to calculate. Do you think the Iraqi people have any hopes or aspirations left?

Gruesome Footage Of ISIS Atrocities Reveals Al Qaeda Jihadists “Will Stop At Nothing”

Tyler Durden's picture

Judging by the gruesome propaganda video being released by ISIS, it is no wonder the Iraqi soldiers and police stripped off uniforms and ran… As The Daily Mail reports, blood-thirsty jihadists are carrying out summary executions on civilians, Iraqi soldiers and police officers – including 17 in one street alone – on their warpath to Baghdad, the UN said today. As a shocking picture of the ISIS insurgency continues to develop, the Islamist group are posting barbaric videos online with the intent of showing the world they will stop at nothing to achieve their end game. The aim is to terrorise Sunnis in Iraq’s army and police forces and deepen their already low morale. It appears to be working as that fear is one factor behind the stunning collapse of Iraqi security forces.

Via The Daily Mail,

In one, which is too graphic to publish, fighters are seen knocking on the door of a Sunni police major in the dead of night.

When he answers, they blindfold and cuff him. Then they carve off his head with a knife in his own bedroom as sweetly lilting religious hymns are played over the top.

Shock and awe: An ISIS propaganda video shows militants blindfolding a Sunni police major in his home before cutting off his head

Shocking: Footage reportedly taken by ISIS militants shows Islamist fighters randomly shooting pedestrians and motorists as they take over towns and cities in Iraq

Armed with a machine-gun, the gang film themselves shooting cars off the road then move in to video close-ups of the victims’ blood-stained bodies slumped in the seats. In another clip, they gun down a pedestrian.

Video of the civilian killings

Sabre-rattling: An Islamic militant issues a call to arms, saying: ‘Declare Allah the Greatest! Allah is the Greatest!’ in a video released by ISIS

An explosion as militants of ISIS allegedly seize an Iraqi army checkpoint in the northern Iraqi province of Salahuddin

A man is executed in a propaganda video released this morning by the Islamic State of Iraq and the Levant as the Al Qaeda-inspired militants continue their march towards Baghdad

ISIS Propaganda video… (gruseome)

Where we stand…