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It’s Official: Police Were Ordered To Stand Down And Let The Baltimore Riots Rage Out Of Control

Baltimore Riot Police - Public DomainWe now have official confirmation that the rioting in Baltimore on Monday was purposely allowed to spiral out of control.  Up until now, there had been some unconfirmed reports that police in Baltimore had been ordered to “stand down” during the riots, but nobody had been willing to come forward and go on the record.  Now that has all changed.  Michael Lewis is the Sheriff of Wicomico County, Maryland and what he has to say is absolutely jaw dropping.  When he saw what was happening in Baltimore, he gathered up some of his fellow officers and drove down to the city to help.  But when he got there, he says that all of the police were being ordered not to take any action and to let the rioters destroy property.  Lewis made this astounding claim during a discussion on a Baltimore radio station(Read More....)

16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here

Get Prepared NowIf U.S. economic growth falls any lower, we are officially going to be in recession territory.  On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015.  That was much lower than all of the “experts” were projecting.  And of course there are all sorts of questions whether the GDP numbers the government feeds us are legitimate anyway.  According to John Williams of shadowstats.com, if honest numbers were used they would show that U.S. GDP growth has been continuously negative since 2005.  But even if we consider the number that the government has given us to be the “real” number, it still shows that the U.S. economy has stalled out.  It is almost as if we have hit a “turning point”, and there are many out there (including myself) that believe that the next major economic downturn is dead ahead.  As you will see in this article, a whole bunch of things are happening right now that we would expect to see if a recession was beginning.  The following are 16 signs that the economy has stalled out and the next economic downturn is here… (Read More....)

12 Unanswered Questions About The Baltimore Riots That They Don’t Want Us To Ask

Questions They Don't Want Us To Ask - Public DomainWhy did the Baltimore riots seem like they were perfectly staged to be a television event?  Images of police vehicles burning made for great television all over the planet, but why were there abandoned police vehicles sitting right in the middle of the riot zones without any police officers around them in the first place?  Why was the decision made ahead of time to set a curfew for Tuesday night and not for Monday night?  And why are Baltimore police officers claiming that they were ordered to “stand down” and not intervene as dozens of shops, businesses and homes went up in flames?  Yes, the anger over the death of Freddie Gray is very real.  Police brutality has been a major problem in Baltimore and much of the rest of the nation for many years.  But could it be possible that the anger that the people of Baltimore are feeling is being channeled and manipulated for other purposes?  The following are 12 unanswered questions about the Baltimore riots that they don’t want us to ask… (Read More....)

In Every City In America There Are People Ready To Riot, Loot And Set Things On Fire

Baltimore Riot - YouTube ScreenshotThe city of Baltimore has been transformed into an “absolute war zone“, and the governor of Maryland has declared a state of emergency as the rioting in “Charm City” continues to escalate.  The funeral for Freddie Gray has unleashed a firestorm of violence, and none of it is going to do anyone any good.  To their credit, some of the leaders of the African-American community are standing up and loudly condemning the violence.  They know that smashing cars, throwing rocks at police and looting stores is not going to solve anything.  But just like we saw in Ferguson, there are lots of people out there that are ready to riot, loot and set things on fire at the drop of a hat – all they need is an opportunity.  The social decay that has been eating away at the foundations of our society for generations is now manifesting in some very ugly ways.  We have raised an entire generation of young people in a “value free” environment, and now we are getting to experience some of the consequences of our foolishness.  And what we are witnessing in Baltimore right now is just the start.  Eventually, we are going to see scenes like this all over the nation. (Read More....)

Civil Unrest Has Begun In Baltimore And This Is Only Just The Start Of Something MUCH Bigger

Baltimore Riots - YouTube ScreenshotOn Saturday night, the city of Baltimore resembled a warzone as protests over the death of Freddie Gray turned wildly violent.  One eyewitness reported watching the streets around him and his friend “turn into madness” as they left a baseball game between the Boston Red Sox and the Baltimore Orioles.  Car windows were smashed, stores were robbed, chairs were thrown and large numbers of random bystanders were attacked.  One prominent Democrat claims that those committing the violence were “mainly from out of town“, but how would he know that?  Today, there are approximately 2.7 million people living in the Baltimore metropolitan area.  It is an area that has been known for poverty, crime and drugs for many years, and as racial tensions continue to increase in this country it is a powder keg that could erupt at literally any time.  We got a preview of what can happen on Saturday night.  If this is how people will act while economic conditions are still relatively stable in this country, what in the world is going to happen when things really start falling apart? (Read More....)

Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

Silver Bars - Public DomainWhy in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an ounce.  So up to this point, JP Morgan’s investment in silver has definitely not paid off.  But it will pay off in a big way if we will soon be entering a time of great financial turmoil. (Read More....)

11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Earth Puzzle - Public DomainWell, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us.  The following are 11 signs that we are entering the next phase of the global economic crisis… (Read More....)

Hopium: How Far Can Irrational Optimism Take The U.S. Economy?

Thought Bubble - Public DomainIf enough people truly believe that things will get better, will that actually cause them to get better?  There is certainly something to be said for being positive and thinking that anything is possible.  And as Americans, optimism seems to come naturally for us.  However, no amount of positive thinking is ever going to turn the sun into a block of wood or turn the moon into a block of cheese.  Any good counselor will tell you that one of the first steps toward recovery is to stop being delusional and to come to grips with how bad things really are.  When we deny reality and engage in irrational wishful thinking, we are engaging in something called “hopium”.  This is a difficult term to define, but the favorite definition of hopium that I have come across so far goes like this: “The irrational belief that, despite all evidence to the contrary, things will turn out for the best.”  In hundreds of articles, I have documented how the U.S. economy is mired in a long-term decline which is about to get a lot worse.  But most Americans see things very differently.  In fact, according to a brand new CNN/ORC poll, 52 percent of Americans describe the U.S. economy as “very” or “somewhat good”, and more than two-thirds of all Americans believe that the U.S. economy will be in “good shape” a year from right now.  But if you asked most of those people why they are so optimistic, they would probably mumble something about “Obama” or about how “we’re Americans and we always bounce back” or some other such gibberish.  Well, it’s wonderful that so many people are feeling good and looking forward to the future, but are those beliefs rational? (Read More....)

Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece

Exit - Public DomainAccording to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations with the new Greek government since the Greek election almost three months ago.  In other words, you can take all of that stuff you heard about how the Greek crisis was fixed and throw it out the window.  Over the next few months, a big chunk of Greek government bonds held by the IMF and the European Central Bank will mature.  Unless negotiations produce a load of new cash for Greece, there will be a default, and right now there is very little optimism that we will see an agreement any time soon.  In fact, as I wrote about the other day, behind the scenes banks all over Europe are quietly preparing for a Grexit.  European news sources are reporting that the Greek banking system is on the verge of collapse, and over the past couple of weeks Greek bond yields have shot through the roof.  Most of the things that we would expect to see in the lead up to a Greek exit from the eurozone are happening, and now we will wait and see if the Greeks actually have the guts to pull the trigger when push comes to shove. (Read More....)

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