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Peter Schiff gets cut off from Rant on CNN

In this video, Peter Schiff, CEO of Euro Pacific Capital is talking with a CNN Reporter in the UK, he starts going into a little detail as to why he thinks the US Government has been handling the Economic Crisis in a ridiculous manner, which to him seems to be an obvious mistake that will lead to complete disaster rivaling the great depression….then suddenly gets cut off as though someone did it purposely and the CNN reporter seems befuttled!
At the time of this transmission, Schiff was located in New York and the CNN Reporter was in London.

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This next Video pretty much reiterates what Peter Schiff was trying to say, except with the added bonus that he feels Obama will just serve to add fuel to the economic fire we currently find ourselves in.

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Tags: cnn, cut off, peter schiff, schiff

U.K. Gets Tough on Welfare Including Labor Punishment’s

Single parents and those on sickness benefits will also have part of their weekly payments stopped for not keeping to a promise that they will make themselves ready for work.

The tough sanctions have been put forward by a UK Government adviser and could be adopted by ministers as part of a new regime to end Britain’s culture of benefits dependency.

Currently 2.6 million people claim Incapacity Benefit, with a further 900,000 on Jobseeker’s Allowance and 750,000 lone parents receiving Income Support.

As The Daily Telegraph disclosed, unemployed people on JSA will be fined up to a month’s benefits if they do not look for work under plans likely to be outlined in the Queen’s speech on Wednesday.

The Work and Pensions Secretary, James Purnell, said: “At the core of these reforms are clear obligations on what we expect in return for benefits and how we ensure the modern welfare state applies fair rules for all.”

The review commissioned by Mr Purnell proposes dividing those on benefits into three categories – the “work-ready”, the “progression to work” and the “no conditionality”.

The first group are those who claim JSA and are expected to be actively seeking work. If they miss one appointment they will receive a written warning, while a second offence would lead to the docking of a week’s benefits – £60.50 for those over 25. Those who persistently fail to look for work face losing up to four weeks’ worth of benefits.

The second group comprises those on Incapacity Benefit and lone parents of children under seven, who are expected to return to work one day, who will receive the new Employment Support Allowance.

They are expected to sign Action Plans detailing how they will improve their CVs and find out about childcare, but the new proposals suggest punishments should be introduced for those who fail to attend courses or meetings.

If they miss two appointments they will lose half of their weekly Work Related Activity allowance (£12), rising to the full £24 for a third offence.

Both groups would also face a “non-financial sanction” such as “mandatory community based work” if they are found to be “playing the system”.

This could mean picking litter, digging gardens or sitting in an office from nine to five looking for work.

Professor Paul Gregg of Bristol University, who wrote the review, admitted the idea was to punish people by creating a “hassle” in their lives rather than just making them poorer.

He said: “It is a bit like detention at school – non-monetary sanctions are getting in the way of people’s lives.”

A third group who have severe disabilities, who are full-time carers or who have children under the age of one would not have to show they are ready to work in order to continue receive benefits.

The Shadow Work and Pensions Secretary, Chris Grayling, said: “I have lost count of the number of documents the Government has published promising radical welfare reform in the past few years, but they never seem to get on with the job of delivering that reform.”

Brendan Barber, the TUC’s general secretary, added: “The TUC has long supported the case for responsibilities and rights going together in our benefits system but Draconian workfare policies are not the answer.”

The Government will formally respond to Prof Gregg’s ideas in a White Paper later this month, but the reforms were said to be the “main item” discussed at Tuesday’s Cabinet meeting.

Tags: disability, U.K., welfare

Financial Crisis: Is Civil Unrest Approaching

An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist.

He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into “depression, civil disorder and possibly wars.”

The bank said the damage caused by the financial excesses of the last quarter century was forcing the world’s authorities to take steps that had never been tried before.

This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold.

“They are throwing the kitchen sink at this,” said Tom Fitzpatrick, the bank’s chief technical strategist.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock.

“Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop. We don’t think this is the more likely outcome, but as each week and month passes, there is a growing danger of vicious circle as confidence erodes,” he said.

“This will lead to political instability. We are already seeing countries on the periphery of Europe under severe stress. Some leaders are now at record levels of unpopularity. There is a risk of domestic unrest, starting with strikes because people are feeling disenfranchised.”

“What happens if there is a meltdown in a country like Pakistan, which is a nuclear power. People react when they have their backs to the wall. We’re already seeing doubts emerge about the sovereign debts of developed AAA-rated countries, which is not something you can ignore,” he said.

Gold traders are playing close attention to reports from Beijing that the China is thinking of boosting its gold reserves from 600 tonnes to nearer 4,000 tonnes to diversify away from paper currencies. “If true, this is a very material change,” he said.

Mr Fitzpatrick said Britain had made a mistake selling off half its gold at the bottom of the market between 1999 to 2002. “People have started to question the value of government debt,” he said.

Citigroup said the blast-off was likely to occur within two years, and possibly as soon as 2009. Gold was trading yesterday at $812 an ounce. It is well off its all-time peak of $1,030 in February but has held up much better than other commodities over the last few months – reverting to is historical role as a safe-haven store of value and a de facto currency.

Gold has tripled in value over the last seven years, vastly outperforming Wall Street and European bourses.

Tags: citibank, citibank internal memo, civil unrest, financial crisis, memo

Respected Trend Forcaster Celente Predicts Doom, Gloom

A Crisis is coming to America Which Will be Worse than the Great Depression.

The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.

Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.

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Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.

“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.

“America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.

Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others. He also said that the dollar would eventually be devalued by as much as 90 per cent.

The consequence of what we have seen unfold this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures.

The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.”

In a separate recent interview, Celente went further on the subject of revolution in America.

“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”

“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”

Here is a compiled list of quotes attesting to Celente’s respectability and accuracy as a trend forecaster.

“When CNN wants to know about the Top Trends, we ask Gerald Celente.”
— CNN Headline News

“A network of 25 experts whose range of specialties would rival many university faculties.”
— The Economist

“Gerald Celente has a knack for getting the zeitgeist right.”
— USA Today

“There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.”
- CNBC

“Those who take their predictions seriously … consider the Trends Research Institute.”
— The Wall Street Journal

“Gerald Celente is always ahead of the curve on trends and uncannily on the mark … he’s one of the most accurate forecasters around.”
— The Atlanta Journal-Constitution

“Mr. Celente tracks the world’s social, economic and business trends for corporate clients.”
— The New York Times

“Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority.”
— 48 Hours, CBS News

“Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing.”
— The Detroit News

“Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees.”
— Chicago Tribune

“The Trends Research Institute is the Standard and Poors of Popular Culture.”
— The Los Angeles Times

“If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.”
— New York Post

So there you have it - hardly a nutjob conspiracy theorist blowhard now is he? The price of not heeding his warnings will be far greater than the cost of preparing for the future now. Storable food and gold are two good places to make a start.

Tags: 2012, celente, doom, Economy, gloom, predictions

WWIII Encouraged by Rand Corporation

The Chinese media are frantically discussing a recent meeting between the Rand Corporation and the Pentagon.

The Rockefeller - Ford/Carnegie Foundation controlled Rand Corp. suggests that war with a major world power will revitalize the economy helping the current banking elite to maintain their control over America.

The Rand Directors who are also involved in the infamous Carlyle Group run by former politicians have asked that the trillion dollar bailout recently robbed from American tax payers be used to finance a new war. The precise country to be attacked is not known but Russia, China, Iran and possibly even Japan since they hold the most U.S. debt. Rand analysts made it clear to the Pentagon and civilian government officials in attendance that it was important that the attack be made on a large influential foreign power. For this reason North Korea was quickly ruled out.

This is likely the “generated crisis” Joe Biden discussed two weeks ago at an Obama fund raiser in Seattle. Madeline Albright and Colin Powell quickly confirmed Biden’s warnings, advising TV audiences of an international crisis that will be announced to the public soon after Obama’s inauguration.

The story was broken to the English language audience by Yihan Dai a Chinese language news translator living in Britain and written by Paul Joseph Watson at Prison Planet. Yihan Dai reports that the news of the Rand/Pentagon meeting and who the foreign power to be attacked will be is being heatedly debated in Chinese language news outlets.

Authored by D.H. Williams Via DailyNewscaster.com

Tags: Economy, pentagon, rand, war, wwIII