News Items

Washington D.C. is Now the Most Expensive Place to Live in the USA

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Screen Shot 2014-10-08 at 3.49.52 PMThere is no greater signpost of the decay in America’s cultural, economic and spiritual life than Washington D.C.’s ascendancy into the most expensive spot to live in within these United States.

Yes, according to a recent government study, the nation’s capital is even more expensive than New York City, ground zero for America’s most unscrupulous banking criminals, as well as San Francisco, the epicenter of the latest tech venture capital binge. This is extraordinarily disturbing, considering the primary products created in the D.C. area consist of death, destruction, criminality, propaganda and lies. In a nation in which the primary driver of GDP growth has become fraud, I suppose this shouldn’t be that surprising.

The Washington Post noted the following:

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New Report – The United States’ Sharp Drop in Economic Freedom Since 2000 Driven by “Decline in Rule of Law”

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The increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have weakened the tradition of strong adherence to the rule of law in United States. We believe these factors have contributed to the sharp decline in the rating for the legal-system area.

To a large degree, the United States has experienced a significant move away from rule of law and toward a highly regulated, politicized, and heavily policed state.

– From the Cato/Fraser Institute’s recent report: Economic Freedom of the World in 2012

Every year, Cato and Canada’s Fraser Institute publish a report titled Economic Freedom of the World (EFW), in which they rank countries across the globe based on their economic freedom. The latest report was just released and it covers 2012 data for 152 countries. The methodology for the index is based on five major areas in which the countries are ranked. These are are listed below along with a brief summary:

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Snapchat Hacked – At Least 100,000 Photos at Risk

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Looks like they weren’t deleted after all.

From CBS News:

At least 100,000 Snapchat photos that users thought would disappear as soon as they were viewed may have been scooped up by hackers who are planning to post them online, a new report claims.

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U.S. Government Wants to Charge $1,500 to Take a Photo in Federal Wilderness Areas

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Screen Shot 2014-10-10 at 11.16.44 AMGo ahead and file this in the ever expanding category of: “WTF, how is this possible, America is becoming a crazy banana republic.”

When I first saw this headline, I was certain it had to be misleading. Someone had to be exaggerating in the pursuit of click-bait. Incredibly, it was another case of truth being stranger than fiction, with the article actually far worse than I imagined.

You ready for this? Have a seat, take a deep breath, and brace yourself for unbridled fascism. From OregonLive:

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Thoughts from GoldBroker.com – Is This the Calm Before the Storm?

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In case you haven’t noticed, Goldbroker.com has been a Liberty Blitzkrieg partner for several months now. If you care about the precious metals market, then you should know about them. Not only do they deal in the metals, but their site provides some excellent commentary on the market. Such as the latest by Dan Popescu titled, The Calm Before the Storm in the Gold Market.

Here are some excerpts:

Again this week the gold price tested the $1,200 level dropping below it on higher US dollar against most fiat currencies. It is assumed that a stronger US dollar against the euro and other fiat currencies is also negative for the price of gold. However gold is not a hedge against the US dollar but rather against all fiat currencies. Even though gold’s price has been falling, in India and China gold premiums have increased signifying a rising demand. We have also seen a substantial increase in silver and gold coin sales in the US. Actually gold coin sales doubled in September compared to August.

With sentiment at historic low as I explained in my previous article Gold Sentiment, $1,200 and more specifically $1,180 is more a correction within a secular bull market than a pause in a larger bear market. With more and more articles coming out with titles like “Gold Dies”, I am more convinced than ever that we are seeing a major bottom being crated. Eastern central banks are still buying massively and Western central banks are holding on to their stock. This doesn’t look to me as a continuation of a downtrend.

On November 30, Swiss citizens will go to the polls to vote on three areas; whether or not the Swiss National Bank should increase its gold reserves to 20%, that the central bank should stop selling its gold and that all its gold should be held within the country. If by any chance the Swiss people votes in favor I expect major tremors in the gold market. Just the fact that Switzerland will have to buy a large amount of gold to reach the 20% will have a major psychological effect on the gold market not to mention also the snowball effect it will have on other countries. Switzerland is a very small country but with a long history of gold ownership. A vote in favor in the Swiss Gold Initiative referendum would mean that Switzerland would have to buy 1,700 tonnes of gold. This represents 70% of annual world gold production. The Swiss National Bank has 5 years to acquire the 1,700 tons if the initiative passes.

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Consultant the San Francisco Pension Fund Asked Whether it Should invest in Hedge Funds, Runs a Hedge Fund

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Screen Shot 2014-10-09 at 11.40.21 AMMost Liberty Blitzkrieg readers will be familiar with the common fee structure for hedge funds known as “2 and 20.” What this simply refers to is the fact that a manager will take as a fee 2% of the assets under management, as well as 20% of the profits (above a high-water mark). While many people would balk at giving up such a high percent of profits, when the industry first got going several decades ago the managers were so few and the returns so huge, that high net worth individuals were happy to pay up for alpha.

Fast forward several decades, and the hedge fund industry is extremely crowded and competitive. What’s worse, in such a central bank manipulated market, it has become extraordinarily difficult for hedge funds to outperform and generate the desired “alpha.” Nevertheless, people that go into this business generally go into it for one reason. To make a shit-ton of cash.

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Lois Lerner’s Revenge: Anti-Obamacare Filmmaker is Hit with IRS Audit

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Screen Shot 2014-10-08 at 3.49.52 PMThere are many systemic reasons why America continues to circle the toilet bowl toward a full fledged oligarchic Banana Republic. I’ve spent the last couple of years highlighting many of them here on these pages. Nevertheless, all of them pale in comparison with the disappearance of the rule of law. When the rule of law ceases to apply to the rich and powerful, a society ends up suffocating within a culture of theft, an endless stream of cronyism and criminality.

At such a stage, politicians, Wall Street oligarchs, the military-industrial complex, police departments, government agencies, etc, all go hog wild with corruption. The IRS is a perfect example.

With the failure to hold Lois Lerner accountable for anything, the agency is now even more out of control than it was before. Recently, we heard about a plan to tax companies that provide free lunches to employees. Now it appears they are back to targeting people with whom they disagree politically.

The Daily Caller reports that:

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New York Times Admits Wages Haven’t Grown in 15 Years, Worst Since Great Depression

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The following article from the New York Times is actually pretty awful. However, the admission that wages have failed to grow in 15 years is important. Particularly in light of the fact that we are five years into the second so-called “recovery” since the turn of the century. These are recoveries that only Joseph Goebbels could love.

While the wage growth stagnation observation is helpful, what’s so sad about the article is that rather than dive into the underlying systemic issues driving this horrible statistic, the author spends most of the article explaining why we should be optimistic. It’s a nice try, but when systemic issues aren’t being addressed from a systemic standpoint, things don’t just magically get better.

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“Non-Official Cover” – Respected German Journalist Blows Whistle on How the CIA Controls the Media

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“I was bribed by billionaires, I was bribed by the Americans to report…not exactly the truth.”

– Udo Ulfkotte, a former editor of one of Germany’s main daily publications, Frankfurter Allgemeine Zeitung

Some readers will see this and immediately dismiss it as Russian propaganda since the interview appeared on RT. This would be a serious mistake.

Whether you want to admit it or not, CIA control of the media in the U.S. and abroad is not conspiracy theory, it is conspiracy fact.

Carl Bernstein, who is best known for his reporting on Watergate, penned a 25,000 word article in Rolling Stone after spending six months looking at the relationship of the CIA and the press during the Cold War years. Below is an excerpt, but you can read the entire thing here.

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Leon Panetta, Head of Pentagon and C.I.A. Under Obama, Says Brace for 30 Year War with ISIS

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Screen Shot 2014-10-07 at 12.31.19 PM“I vividly recall how, in the wake of Osama bin Laden’s killing, Obama partisans triumphantly declared that this would finally usher in the winding down of the War on Terror. On one superficial level, that view was understandable: it made sense if one assumes that the U.S. has been waging this war for its stated reasons and that it hopes to vanquish The Enemy and end the war.

But that is not, and never was, the purpose of the War on Terror. It was designed from the start to be endless.”

– Glenn Greenwald, in his latest piece for the Intercept

Leon Panetta is pretty much the epitome of a status quo insider. Someone, who due to his influence and mainstream veneer of respectability, is capable of inflicting an almost inconceivable amount of damage to freedom and prosperity in America. In fact, you could say that Mr. Panetta is as responsible as almost anyone else for the banana republic laughing stock that this nation has been transformed into over the past several decades. Why? Because he served in top positions for several of America’s Presidents over that time.

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