Propaganda

Second City Cop Blog Breaks Down Chicago Violence

“11 people have been killed and 11 wounded in shootings over a 48-hour period in Chicago from Tuesday afternoon to Thursday morning, Chicago police said…”

-ABC7 Chicago website Thursday afternoon

In the wake of a bunch of kids getting shot and killed in Chicago the last couple of days, the popular Chicago police blog Second City Cop explained very simply why the city is a shooting gallery. “SCC” wrote early Wednesday morning:

Gun laws go unenforced… Offenders are routinely released or sentenced to minimal time, so there’s nothing to fear from the judicial side of things- no consequences. No one in the “community” is willing to step up. Shame doesn’t work, appealing to a higher morality doesn’t work, humiliation doesn’t work…

(Editor’s note: Bold added for emphasis)

Consider the following findings of a recently-released University of Chicago Crime Lab report entitled Gun Violence In Chicago, 2016 (blogged about here):

Individuals arrested for a homicide or shooting in Chicago in 2016 and 2015 had similar prior criminal records: around 90 percent had at least one prior arrest, approximately 50 percent had a prior arrest for a violent crime specifically, and almost 40 percent had a prior gun arrest. The average person arrested for a homicide or shooting in both years had nearly 12 prior arrests, with almost 45 percent having had more than 10 prior arrests, and almost 20 percent having had more than 20 prior arrests

(Editor’s note: Bold added for emphasis)

SCC went on to add:

We guess it’s time to blame the police again…

And the Second Amendment. The NRA. Republicans. Trump. Bush. And on and on and on.

Yep. If there’s one thing “The Machine” has been good at, it’s directing Chicagoans’ attention away from the “unpleasant”…

“Hey you! Don’t watch that. Watch this!

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“11 Killed, 11 Wounded In 48 Hours In Chicago Shootings.” ABC7. 16 Feb. 2017. (http://abc7chicago.com/news/11-killed-11-wounded-in-48-hours-in-chicago-shootings/1757827/). 16 Feb. 2017.

SCC. “Two? Seriously, TWO?” Second City Cop. 15 Feb. 2017. (http://secondcitycop.blogspot.com/2017/02/two-seriously-two.html). 17 Feb. 2017.

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Thursday, February 16th, 2017 Crime, Firearms, Government, Gun Rights, Legal, Political Parties, Propaganda, Public Safety Comments Off on Second City Cop Blog Breaks Down Chicago Violence

Milwaukee County Sheriff David Clarke: Mainstream Media Now Democrats’ ‘Propaganda Wing’ As Trump Defends Nation

Let’s turn our attention north of the “Cheddar Curtain” now. Milwaukee County Sheriff David Clarke, Jr., appeared on FOX News Saturday morning and really let the mainstream media and opponents of strengthening the borders/homeland security have it. On the sparring between President Trump and the mainstream media, Sheriff Clarke informed FOX & Friends Weekend viewers:

Well, first of all, the mainstream media, The New York Times, The Washington Post, CNN, MSNBC- they have become the propaganda wing of the Democrat Party and of leftist ideology. They abandoned their responsibility under the Constitution, their First Amendment protection. And we want them to have First Amendment protection but we don’t want it to be used against people whose political views they don’t agree with or that they oppose. They’re supposed to be a watchdog but instead what they have become, like I said, is an echo chamber for leftist ideology. So I think it’s good because the media has changed. And organizations like The New York Times, The Washington Post, and others do not realize that this is a new media age and every person in the United States now is their own reporter. And that is competition to them as well and they don’t like it.

On President’s Trump’s initiatives to protect the nation’s borders and strengthen homeland security, Clarke said:

First of all, I’m tired of these one-percenters like Mark Zuckerberg and others lecturing us about who we are. I know who I am, and most Americans know who we are. We are a sovereign nation. If you’re going to be a sovereign nation, you have to have borders and you have to protect those borders. Mark Zuckerberg has no idea of who’s coming into this country and what it takes to vet those individuals. I as a law enforcement officer- I’m in my 39th year- we do a lot of vetting of people. I know how it’s done. But you have to have databases with which to compare. So you take a name, someone coming in as a refugee. And we’re not talking about the kids. I’m tired of all this crocodile tears about the kids, the poor kids coming. We’re not talking that. We’re talking about abled-bodied, grown men, fighting-age, that should be back in Syria and back in the Middle East fighting for their country coming over to the United States to spread jihad. So that’s who we’re talking about. But if you don’t have a database, someone gives you a name, and you don’t have a database in Syria, because they don’t have the record systems and the databases like we have with people- you have nothing to compare it to. So they give you a name and you look and there’s nothing there. That doesn’t mean that they’re safe to come in. So Donald Trump is right on this. And I hope that the rest of the people in Washington, D.C., realize that this thing is a mess and we have to get our arms around it. And at least President Donald Trump recognizes that…

What’s interesting is former President Barack Obama said that they were already doing it. So if he said- and they weren’t- but if he said they were already doing it, and now President Donald Trump comes along and says we’re doing it and now these same people who said, “Well, hey, Barack Obama’s taking care of it”- these same people are now being critical of it. The hypocrisy of this is profound. But, President Donald Trump understands that his first obligation is to defend and protect American citizens, and defend and protect America from foreign threats. That is his first and most important obligation. So he is rising up to that. And people should be proud of that. It makes me feel more secure that finally, somebody understands that the defense of this nation is government’s number one priority.


“Sheriff Clarke: Mainstream Media Has Abandoned Its Constitutional Responsibility”
FOX News Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, January 30th, 2017 Government, Immigration, Mainstream Media, Middle East, North America, Political Parties, Propaganda, Public Safety, Religion, Security, Terrorism, Wealth Comments Off on Milwaukee County Sheriff David Clarke: Mainstream Media Now Democrats’ ‘Propaganda Wing’ As Trump Defends Nation

The Survival Podcast’s Jack Spirko Offers Advice For Combating ‘Election Anxiety Disorder’

“The presidential election dominates the news cycle for several months once every four years- but if 2016’s intensely hostile contest has left you feeling more anxious than usual, you’re far from alone. In a survey released Thursday by the American Psychological Association (APA), 52 percent of American adults report the election as a significant source of stress in their lives…”

-Fox News website, October 18

(Editor’s note: Bold added for emphasis)

Due to the focus of my research, I’m constantly tuned into the 24-hour news cycle. But because I’ve been at it for almost a decade now, I’ve conditioned myself to deal with much of the nonsense being churned out regularly by various mainstream/alternative media outlets.

Hint: Employing “filters,” recognizing who/what is behind the “news”- particularly their political leanings, and not taking what’s said at face-value might go a long way in maintaining one’s sanity.

That being said, I’d be lying if I claimed the hotly-contested U.S. presidential election and all the bung that’s come with it hasn’t made my work more difficult these past several months.

The phrase “excruciatingly painful” actually comes to mind as I type this, as the “nonsense” I referred to earlier has been magnified exponentially- to the extent that it’s even getting under my skin.

I can only imagine how this political circus is affecting other Americans…


“You’re driving me crazy!”
Suicidal Tendencies, Institutionalized (1983)
YouTube Video

So how does one deal with “election anxiety disorder,” as I’ve heard it being called?

Well, that Health.com/Fox News piece offered up several short-term, rather common-sense suggestions like “limit your media consumption” and “avoid getting into discussions about the election if you think they have the potential to escalate to conflict.”

But I also came across more long-term advice from modern survivalist/host of The Survival Podcast Jack Spirko recently on dealing with the freakshow. From the website intro to episode 1885, “Join the Quiet Insurrection” (posted October 18):

I sat today in dismay as I looked at Fox News and CNN for just a bit to get a feel for what is going on with the Assclown Circus of 2016. All I hear is each side saying the other side sucks more. I am getting emails from listeners about how family members are angry with each other because of who they will vote for or because they won’t vote at all.

I look and I see nothing but a nation on verge of just saying F-it and dropping a shit ton of LSD and lighting shit on fire. It saddens me and it makes me laugh at the same time. I know as I have always taught there is no solution in the halls of government or in arguing with your friends and family about which criminal is worse or even making the case that they are all criminals. The only real solutions are in the acts of sedition and insurrection

(Editor’s note: Bold added for emphasis)

Now, Spirko is definitely not calling for violence here. Rather, a “quiet insurrection” which TSP practitioners “have been involved in for almost a decade now.”

The episode is an interesting listen. Cathartic possibly for those afflicted with this so-called election anxiety disorder.

“Join the Quiet Insurrection” can be accessed via The Survival Podcast website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Mango, Alison. “6 ways to manage election stress.” Health.com. 18 Oct. 2016. (http://www.foxnews.com/health/2016/10/18/6-ways-to-manage-election-stress.html). 27 Oct. 2016.

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Thursday, October 27th, 2016 Alternative Media, Government, Health, Mainstream Media, Preparedness, Propaganda Comments Off on The Survival Podcast’s Jack Spirko Offers Advice For Combating ‘Election Anxiety Disorder’

Jim Rogers: Signs Of Next Economic Crisis ‘Already Happening’

The next two days I’ll be focusing on two “crash prophets” who correctly-called the 2008 global economic crisis and who see more carnage on the way. First up is the widely-followed investor, author, and financial commentator Jim Rogers, who appeared on the RT TV show SophieCo earlier today. From his exchange with host Sophie Shevardnadze (RT transcript):

SHEVARDNADZE: You’ve been talking about this impending recession for a while now, ready to strike the U.S., for instance, but, you know, we see American economy picking up, the unemployment rate is going down, so- why does it keep postponing itself?
ROGERS: Wait, wait. First of all, you are listening to government figures. You remember the Soviet Union, the government had a lot of numbers, they were very good. The U.S. now puts out a lot of figures that are not legitimate, accurate figures. Look at unemployment, what do they do? For instance, they just stopped counting many people, said they’re not looking for a job anymore – so the numbers are artificial in the U.S. Yes, some parts of the U.S. economy are doing very well. If you’re on Wall St. or if you’re in finance, you’re doing fine, because the government has been printing a lot of money and a lot of debt has been put out. But you go to Texas, go to the MidWest- they’re not doing well at all. Most of the country is not doing well.
SHEVARDNADZE: Alright, but give me something concrete- when do we have to expect this crisis to hit and what’s going to cause that meltdown?
ROGERS: Sophie, for the last 18 months in the U.S., most stocks have been going down. The average is a fraud, because of the few big companies that make the average go up and that’s because the government, the Fed Reserve, Central Bank is printing a lot of money. Stocks are going down in the U.S., most stock are down. So, the signs are already there. Now, unfortunately, they’re not visible, they don’t make headlines, so it’s already happening. Parts of the country are in recession, stock market, most stocks are going down – it’s already happening

(Editor’s note: Bold added for emphasis)

Back on March 28, I noted Rogers had warned on the Nikkei Asian Review (Japan) website eight days earlier:

I expect the American economy to be in recession sometime in the next year or two…

(Editor’s note: Bold added for emphasis)

And earlier that month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

Shevarnadze did a good job extracting some investment nuggets from the former investing partner of George Soros. Rogers still thinks there will be a better chance to buy gold “sometime in the next year or two,” and added later in the discussion:

If the dollar goes up, gold may go down. But, if it goes down, I hope to buy a lot more gold, because eventually gold is going to go through the roof. As this turmoil increases and people lose more and more confidence in governments, more and more confidence in paper money, they’re going to look for something, and gold and silver will be a couple of those places. If you’re looking for something right now- agriculture

I have sold short the U.S. stocks and I have sold junk bonds, low-grade bonds, in the U.S., I own shares in China, I have shares in Russia, I bought Russian government bonds, several days ago. These are places that I am looking at, I am looking at Kazakhstan as a place to invest, Iran I’m looking at, Nigeria I am looking at

(Editor’s note: Bold added for emphasis)

Kazakhstan and Nigeria are two markets not often mentioned by Rogers. A terrific interview, which you can read in its entirety over on the RT website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Peter Schiff: 2008 A ‘Tremor,’ ‘Real Earthquake Is Still In Our Future’

The CEO of Euro Pacific Capital, Peter Schiff, appeared on the Alex Jones Show last Friday. Schiff, who correctly-called last decade’s housing crash and recent global economic crisis, talked about the state of the U.S. economy- and how the 2008 crisis was just a “tremor” before the real earthquake. From their exchange:

JONES: So you think that we may already actually be in a recession.
SCHIFF: All of the indicators, if you look at most of the economic indicators that are out there, they’re flashing recession. I mean, the only thing that isn’t is the low unemployment rate and the jobs that we’re creating. But then when you look beneath the surface, and we’ve discussed this before on your program, when you realize that all the jobs that are being created are low-paying, part-time jobs. The reason there are so many jobs is because people now have two or three. And so if you have three jobs that you count as having- it’s three instead of just one. But they don’t add up to one good, full-time job. And you have lots of people who have left the labor force. And I think one of the reasons the unemployment claims are so low is because so few people are being hired, that not that many people are being fired. You can’t lose a job unless you get a job. And so since we’re really creating so few legitimate jobs, there’s not a lot of people that are collecting unemployment. So this economy is very weak, despite the rosy scenario, the fiction, that the President is trying to paint.

And from later on in the program:

JONES: Speaking of earthquakes, you’re famous for quoting, I mean famous for this quote, “2008 was a tremor for the earthquake that’s coming.” Is that what you’re still saying?
SCHIFF: Yeah and I’ve been saying that all along even before 2008. Because I saw 2008 coming, and unfortunately I also saw how the government would respond to 2008. And they did exactly what I feared they would do, what I warned they would do, and that is exactly why the real earthquake is still in our future- it’s not in our past. And people have to prepare for that. And by the way, silver hit a new high today for this year, for 2016. So people are starting to wake up. It’s happening very slowly, but it’s happening.


“Real Economic Earthquake Is In Our Future, Not Our Past”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Peter Schiff’s latest book…

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Monday, April 18th, 2016 Commodities, Crash Prophets, Employment, Government, Precious Metals, Preparedness, Propaganda, Recession Comments Off on Peter Schiff: 2008 A ‘Tremor,’ ‘Real Earthquake Is Still In Our Future’

Follow-Up: Martin Armstrong’s Quote For The Week

Before I really get going for the week on Survival And Prosperity, after I published the “Quote For The Week” Monday- the one from economist Martin Armstrong about a “lack of recent reports of UFO sightings or abduction” in this goofy election year- I couldn’t help but remember my 1992-93 winter break from college where I invited a bunch of buddies up to my family’s cabin in Wisconsin. As the host, I got to pick the VHS movies to watch, with one of them being the 1988 John Carpenter sci-fi film They Live starring the late “Rowdy” Roddy Piper of pro wrestling fame. From Melissa Portell on the IMDB website:

Nada, a down-on-his-luck construction worker, discovers a pair of special sunglasses. Wearing them, he is able to see the world as it really is: people being bombarded by media and government with messages like “Stay Asleep”, “No Imagination”, “Submit to Authority”. Even scarier is that he is able to see that some usually normal-looking people are in fact ugly aliens in charge of the massive campaign to keep humans subdued.

(Editor’s note: Bold added for emphasis)

My friends had never heard of the flick. But I had already seen it. And the one part of the movie that really stood out for me (and which I thought my buddies would appreciate) was the fight scene where Piper (Nada) tries to get actor Keith David to wear the “special” sunglasses:


“They Live (2/4) They Live Fight Scene – FULL (Explicit Language) (1988)”
YouTube Video

In my opinion, one of the best fight sequences ever to grace the “Silver Screen.” And my guests wholeheartedly agreed as well.

In 1992, the message that movie conveyed was somewhat lost on us meathead college boys (the beer certainly didn’t help either).

Some twenty-three years later, sans the alien bit, I can’t help but be a little creeped out by the resemblance between America of 2016 and Carpenter’s nightmarish setting:

The world as it really is: people being bombarded by media and government with messages like “Stay Asleep”, “No Imagination”, “Submit to Authority”…


“Newscasters Agree: A Christmas Present Or Two Or Ten Edition”
YouTube Video

Funny?

I don’t know about you, but that segment really started getting disturbing for me around the minute mark.

Live long and prosper… if you can.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, April 5th, 2016 Crash Prophets, Government, Mainstream Media, Propaganda, Quote For The Week Comments Off on Follow-Up: Martin Armstrong’s Quote For The Week

Peter Schiff: Told You The Fed Was Bluffing On Rate Hikes

I recently highlighted an example of why Jeremy Grantham, the British-born investment strategist and founder/former chairman of Grantham, Mayo, Van Otterloo & Co. (oversees $117 billion in client assets as of June 30), is one of Survival And Prosperity’s “crash prophets.”

The following also exemplifies why Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital, belongs to that small group of individuals whose investment activities/recommendations I track on a regular basis.

From Schiff’s “Groundhog Day at the Fed,” published on the Euro Pacific Capital website last Friday:

Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make the threat external, intangible and ultimately, unverifiable. In Orwell’s 1984 the preferred mantra was “We’ve always been at war with Eurasia,” even though everyone knew it wasn’t true. In its rate decision this week the Federal Reserve, adopted a similar approach and conjured up an external threat to maintain a policy that is becoming increasingly absurd.

In blaming its continued inaction on “uncertainties abroad” (an excuse never before invoked by the Fed in the current period of zero interest rates), the Fed was able to maintain the pretense of a strong domestic economy, and its desire to lift rates at the earliest appropriate moment while continuing the economic life support of zero percent rates. Unbelievably, the media swallowed the propaganda hook, line, and sinker.

Over the summer it all seemed so certain. In mid-August the Wall Street Journal conducted a poll revealing that 95% of economists expected a rate hike by the end of 2015, with 82% expecting the first move to come in September. On July 29, Marketwatch reported that changes in Fed language were the “smoking gun” that made a September move a certainty. I was one of the few who publicly predicted that all the tough talk from the Fed was a bluff, and that there would be no hike in 2015. For taking that stance, I was largely ignored and ridiculed. In a July 16 interview on CNBC’s Futures Now (I am no longer invited to be on their television broadcasts), pundit Scott Nations took me to task for making the “outlandish” suggestion that the Fed would not raise in 2015, saying (to paraphrase):

“If price is truth and Fed funds futures are the collective wisdom of everybody in the world, and they are absolutely a lock for the Fed to raise rates by the end of the year, why is everybody else wrong and you are right?”

But now, in mid-September, it has all changed, far fewer economists expect a hike this year. However, despite this dramatic reversal, few have downgraded their forecasts or weakened their belief that the Fed remains committed to tighten policy…eventually. In other words, the Fed has achieved a complete communications victory.

Just like it has in prior statements, the Fed painted a picture of a stable and growing economy that was ready for a hike. In fact, in her press conference, Janet Yellen said that the Fed was “impressed” by the strength of the domestic economy. Although such statements began to resemble the film Groundhog Day, no one seems to tire of it.

A cornucopia of metaphors should have come to mind: The Fed’s bite had failed to live up to its bark; its “open mouth” operations wrote a check that its Open Market Committee was unable to cash; the Fed has become Lucy of the comic strip Peanuts, always promising to hold the football for Charlie Brown to kick, but always taking it away before he kicks it. Instead, the dominant theme of the coverage was that the Fed’s understanding of the global economy was just better than the rest of us. It apparently understood that a 25 basis point increase in rates in the U.S. could ripple through to the world markets and could potentially push China’s tottering stock market into the abyss. That was a risk it believed was not worth taking.

To keep the story line going requires that the steady torrent of negative data be ignored (see manufacturing data in September Manufacturing Business Outlook Survey of Philly Fed]. Similar weakness is evident in business investment, productivity, and consumer confidence numbers. Based on those data sets, conventional Keynesian “wisdom” suggests the Fed should be preparing a fresh round of stimulus, not readying its first economic sedative in nine years.

The big news is the introduction of “international developments” as an ongoing input into the Fed’s rate deliberation process. This addition allows the Fed nearly limitless latitude to perpetually kick the can down the road. After all, it is a great big world, and it will always be possible to find a problem somewhere. A Reuters article issued after the decision describes the new reality (9/18/15, Howard Schneider):

“It is a situation that could leave the Fed stranded in its hunt for a rate liftoff until the entire global economy is growing in sync, and the horizon is clear of risks.”

So there you have it. The Fed is no longer just the central bank of the United States, but the central bank of the entire world. As such it will need to consider any possible negative impacts, anywhere, before it pulls the trigger. This isn’t just moving the goalposts; it is dismantling them completely, putting them in crates, and losing them in a government warehouse…much like the Ark of the Covenant at the end of the first Indiana Jones movie.

The height of yesterday’s absurdity came during Janet Yellen’s press conference when Ann Saphir from Reuters asked her about the possibility that interest rates could stay at zero “forever.” While characterizing that likelihood as “extreme,” Yellen incredibly stated that she could not rule out the possibility. Of course the absurd suggestion that American civilization may never see rates above zero did not even raise eyebrows in the mainstream media. But the statement itself raises some interesting questions about Yellen’s actual thinking. First, how can she really be contemplating at 2015 rate hike, if she cannot even rule out the possibility of rates remaining at zero forever? Second, is she really that naïve and arrogant to believe that currency markets would allow the Fed to hold interest rates at zero indefinitely, without creating a dollar crisis, even if the Fed wanted to hold them there?

As I have maintained continuously, rate hike talk from the Fed is just a bluff to disguise its inability to tighten, as even small increases could be sufficient to prick the biggest bubble it has ever inflated. It is no coincidence that the stunning 170% increase in the Dow Jones, that occurred between March 2009 and the end of 2014, happened while the Fed was stimulating the economy almost continuously with QE, and that the rally came to an abrupt end when the QE stopped.

The recent 10% correction on Wall Street confirms to me just how sensitive the markets remain to the prospect of any rates higher than zero. In reality, that sell-off was a much greater factor than China in keeping the Fed quiet. That steep correction occurred at a time when most forecasters believed that a September hike was in the cards. For years, they had known that a rate hike was coming, but they always thought it would arrive when the economy was healthy. But when the big day became a clear and present danger, and the economy was still less than optimal, markets began to panic. It was only when Fed officials came out with publicly dovish statements that the sell-off ended. Despite this obvious connection, the markets are still blaming China, despite the fact that big sell-offs in China had been occurring for much of 2015 without sparking follow on panics in the U.S.

As a result, it should be clear that ongoing Fed decision-making is not just “data dependent” (and now we are talking about international, not just domestic, data), but also “market dependent,” meaning the Fed won’t raise rates if markets sell off sharply on expectations that it will raise. Given these impossible conditions, perhaps a perpetual zero rates are not so outlandish. But the reality is Central banks can’t really control interest rates across the spectrum, just the short end of the curve…when markets really panic, they won’t be able to stop economically devastating interest rate spikes on the long end.

In the meantime, I can only hope that the foreign exchange and commodity markets are finally getting the picture that the Fed appears impotent. The tremendous rally in the dollar over the past 18 months was predicated on the belief that interest rates would be rising in the U.S. just as they were falling everywhere else. Now that that premise is in tatters, the dollar should be giving back its undeserved gains. Recent moves in the foreign exchange market reveal that this is the case.

When the year began, opinion was divided between those who thought the Fed would move in March, and those who thought it wouldn’t happen until June. When June came and went, September became the odds-on favorite. Now those same experts are once again divided between December and sometime in 2016. When will these “experts” finally connect the real dots and discover that the monetary medicine that the Fed has doused over the economy since 2008 has only created a weak and utterly dependent economy. A rate hike is supposed to be a signal that the economy has a clean bill of health. But as the patient fails to recover, another dose of QE will be just what the doctor orders.

Subscribe to Euro Pacific’s Weekly Digest: Receive all commentaries by Peter Schiff, John Browne, and other Euro Pacific commentators delivered to your inbox every Monday!

Sniff, sniff, sniff. I smell another Peter Schiff Was Right YouTube video in the offing…

(Editor’s notes: Permission to publish article granted by Euro Pacific Capital; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, September 22nd, 2015 Asia, Bubbles, Commodities, Crash Prophets, Currencies, Federal Reserve, Interest Rates, Mainstream Media, Monetary Policy, Propaganda, Stimulus, Stocks, Wall Street Comments Off on Peter Schiff: Told You The Fed Was Bluffing On Rate Hikes

Chicago Tribune: ‘Chicagoans Should Consider A Modest Property Tax Increase Inevitable’

Coming on the heels of last Thursday’s post and an earlier one about Chicago-area property/other taxes was an article by Chicago Tribune business columnist Melissa Harris entitled “Chicago isn’t Detroit- and it’s not going bankrupt.”

In the June 20 piece, Harris attempted to argue exactly what the title says (critics are panning it as “Machine”/union propaganda). But what interested me were statements like this:

More revenue will be required soon, most likely in the form of a property tax increase.

Not only is Chicago’s property tax rate lower than those in many suburbs, Chicago’s effective property tax rate ranked 49th out of the 50 largest cities in each state, according to 2009 U.S. Census data…

(Editor’s note: Bold added for emphasis)

And this:

Chicagoans should consider a modest property tax increase inevitable, though how much of an increase it will be could be affected by Moody’s decision, which made it more expensive for Chicago to borrow money…

(Editor’s note: Bold added for emphasis)

If one believes claims the Chicago news media routinely carries Mayor Rahm Emanuel’s water, increased tax hike chatter and growing comparisons of the city to other municipalities by the local press could be sending a strong signal to Chicagoans that they’ll be required to bust out their wallets shortly.

You can read the rest of that column on the Chicago Tribune website here (registration required)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Sunday, June 21st, 2015 Borrowing, Credit, Debt Crisis, Fiscal Policy, Government, Mainstream Media, Political Parties, Propaganda, Taxes Comments Off on Chicago Tribune: ‘Chicagoans Should Consider A Modest Property Tax Increase Inevitable’

Signs Of The Time, Part 85

Monday at lunch I finally got the chance to read my Sunday paper. From the Chicago Tribune “Perspective” section, in the part entitled, “Voice Of The People”:

Do not allow silencers

I cannot believe that there is serious consideration to permitting gun silencers to be used by gun owners in Illinois. Anyone with an ounce of common sense will recognize that guns with silencers are the weapon of choice for assassins, terrorists and murderers. What would happen if a nut entered a school and starting shooting randomly with such a weapon? No noise to alert the rest of the teachers and children?

Two things came to mind when I saw the above:

1. The author has quite an imagination.

2. Yet another argument leaning heavily on emotion (plea for “common sense” is often a giveaway), but devoid of facts.

Emotionally-driven arguments. Very much a sign of the time.

But now the facts on this subject.

An ABC7 Chicago I-Team Investigation recently looked into suppressors as legislation legalizing such devices has been introduced in the Illinois House (HB0433) and Senate (SB0803). Chuck Goudie reported on the ABC7 website on April 30:

Silencers used by criminals on TV and in movies; this is how most people know of the device.

Sponsors of a bill to make them legal in Illinois say the Hollywood interpretation is pure fiction…

A 2007 study found silencer use in crime is rare…

(Editor’s note: Bold added for emphasis)

“Guns with silencers are the weapon of choice for assassins, terrorists and murderers.”

Whatever you say.

And all those “assassins, terrorists and murderers” will be lining up for silencers if they’re legalized in Illinois, right?

As I blogged back on February 11:

Firearm suppressors (or sound suppressors and silencers as they’re also known) are highly-regulated in the United States. J. Guthrie reported on the Guns & Ammo website back on May 13, 2012:

If you lived in Scotland, they would be required for hunting. If you lived in Finland you could saunter down to the local gun shop and buy one over the counter—one more reason to like Finland. In the U.S., suppressors are regulated by the National Firearms Act and you have to first make sure they are legal in your state, fill out a federal form and send it, a couple of photos and some fingerprints into the BATFE for approval. Once approved—the process can take six or seven months—the BATFE sends you a little stamp and some paperwork and you can take possession of the suppressor from you dealer. There are legal considerations for interstate transportation and transferring the suppressor too…

Just like most felons don’t acquire their firearms lawfully, neither will they be obtaining suppressors legally- particularly in a highly-regulated environment like the one that currently exists.

Fears of a proliferation of legally-manufactured, lawfully-obtained suppressors among the bad guys in the “Land of Lincoln” are unfounded.

As for the “Voice Of The People” on these devices? I sure as hell hope it isn’t.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Goudie, Chuck. “Are Gun Silencers A Threat To Safety?” ABC 7. 30 Apr. 2015. (http://abc7chicago.com/news/are-gun-silencers-a-threat-to-safety/689952/). 18 May 2015.

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Tuesday, May 19th, 2015 Crime, Europe, Firearms, Gun Rights, Hunting, Propaganda, Signs Of The Time Comments Off on Signs Of The Time, Part 85

Jim Rogers: ‘The Game Is Getting Close To An End’

GoldSeek.com Radio’s Chris Waltzek recently interviewed well-known investor, author, and financial commentator Jim Rogers. Talking to GoldSeek.com Radio from Switzerland, Rogers discussed a number of topics related to investing. While insightful, it was his “parting words” for listeners that grabbed my attention. The former investing partner of George Soros in the legendary Quantum Fund said in the interview:

My parting words are, be very aware of what’s going on and be careful- be worried and be careful. Sure, I write about it in my books. But more important than my books are- just be prepared, because the next time we have a problem in the world it’s going to be really, really bad.

GoldSeek Radio’s Waltzek asked what type of “safety net” is left, to which Rogers replied:

I mean nothing. They’ve put up a lot of PR. But no- I mean, interest rates are at historical lows. They’ve printed staggering amounts of money. I mean, sure they can just go out and buy stocks or something, and then print even more money. But the game is getting close to an end. We haven’t had a recession or hard times in America and the world in six years. We’re overdue historically. When it comes, because the debt is so, so, so much higher, it’s going to be a mess. I mean, I’m still long stocks. I’m still long stocks, don’t get me wrong. I’m just saying, please be aware of what’s going on, because when it ends, it’s going to be serious.


GoldSeek Radio – May 8, 2015 [JIM ROGERS, PETER ELIADES & DAVID MORGAN]
(Jim Rogers Segment 6:08 to 18:08)
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Sunday, May 17th, 2015 Crash Prophets, Debt Crisis, Interest Rates, Investing, Money Supply, Preparedness, Propaganda, Recession, Stocks Comments Off on Jim Rogers: ‘The Game Is Getting Close To An End’
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