Current Economic Collapse News – News Brief – Episode 67

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In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

We Have Blown The Largest Bubble In The History Of Mankind

  • Were you to look at official government statistics that calculate our rate of price inflation for food, energy, clothing, and other consumer goods, you’d think that prices were as stable today as they were under the gold standard.
  • According to the Bureau of Labor and Statistics, the CPI (Consumer Price Index) inflation rate remains well below the Federal Reserve’s 2.5% threshold. Insofar as the government is concerned America’s core inflation rate is just 1.7%, a testament to the economic prowess of our central bank and Chairman Ben Bernanke.
  • And because there is no significant price rise being realized in consumer goods based on the government’s calculations, the millions of Americans dependent on disbursements like social security, disability assistance and nutritional food support will see no adjustments to their monthly stipend. And why would they? Prices aren’t rising!
  • Or are they?
  • According to Peter Schiff, who is well known for his dire economic warnings leading up to the crash of 2008, the government is involved in a wide array of manipulations and fuzzy-math in an effort to convince us that the price increases we’ve seen in stores, restaurants and gas stations over the last decade are merely a figment of our imagination.
  • “What we get from the government when it comes to inflation is not information, it’s propaganda. “

The World’s Central Banks Added To Their Gold Stockpiles Even As Prices Tumbled

Hmmm, Remember what Ben Bernanke said about gold.  Actions speak louder than words.

  • Gold prices are down about 12.5% since the start of April. But global central banks have been increasing their reserves of the yellow metal.
  • A new report from the World Gold Council shows that central banks bout 109 tonnes of gold in the first quarter.
  • This was the seventh straight quarter in which they purchased over 100 tonnes of gold.
  • Central banks held 31,735.4 tonnes of gold as of May 2013. This was up from 31,694.8 tonnes as of April 2013.
  • Gold entered a bear market during that quarter. In the current quarter, gold has gone from $1,603 on April 1 to below $1,400 today.
  • According to the WGC, Russia and South Korea were among the biggest buyers of gold.
  • “The price drop in April, fuelled by non-physical moves in the market, proved to be the catalyst for a surge of buying that has left many retailers short of stock and refineries introducing waiting lists for deliveries,” said Marcus Grubb managing director at World Gold Council in a press release. “Putting this into context, sales of bars and coins, jewelery and consumption in the technology sector still make up 81% of the market.
  • “What these figures show is that even before the events of April, the fundamentals of the gold market remain robust with; growing demand in India and China, central banks consistently adding gold to their reserves and strong buying of investment products such as gold bars and coins.”
  • Overall global demand for gold fell 19% on the quarter in Q1 to 963 tonnes.

War

 Report: North Korea launches short-range missiles

Building the war propaganda, government and central bankers need that war to cover up the collapse.

  • North Korea launched three short-range guided missiles into the sea off the Korean Peninsula’s east coast Saturday, South Korea’s semi-official news agency Yonhap cited the South Korean Defense Ministry as saying.
  • The ministry said it had detected two launches in the morning, followed by another in the afternoon, Yonhap reported.
  • The missiles were fired in a northeasterly direction, away from South Korean waters, the ministry said.
  • South Korea has beefed up monitoring on North Korea and is maintaining a high-level of readiness to deal with any risky developments, the ministry added, according to Yonhap.
  • According to the Arms Control Association, a U.S.-based organization, short-range guided missiles are generally classified as those traveling less than 1,000 kilometers (about 620 miles.)
  • North Korea rattles saber again Memories of fighting for North Korea Orphaned and homeless in North Korea
  • Tensions in the region have eased in recent days since a fraught period last month that included near daily North Korean threats of war.
  • U.S. and South Korean officials feared at that time that Kim Jong Un’s regime was planning to carry out a test launch of longer-range ballistic missiles, believed to be Musudans. The South Korean government says they have a maximum range of 3,500 kilometers (2,175 miles).
  • Andrew Salmon, a journalist and author based in the South Korean capital, Seoul, said North Korea’s reported launch of short-range missiles Saturday should not cause the same degree of concern as the launch of a satellite or medium-range Musudan rocket.
  • “It’s a short-range tactical weapon. If any other country launched this kind of weapon, it’s a routine test, nobody would be too worried. It’s really simply because it’s North Korea doing this that it raises concerns,” he said.

 BREAKING: Russia Sends At Least 12 Warships To Syria

  • In a move considered aggressive by US and European officials, Russia has sent at least 12 warships to patrol waters near its naval base in Tartous, Syria.
  • The deployment appears to be a warning to Israeli and Western officials against military intervention in Syria’s bloody civil war, which has now claimed the lives of over 80,000 people.
  • Russia’s increased presence in the region — which began raising eyebrows in the US three months ago — represents one of its largest sustained naval deployments since the Cold War, the Wall Street Journal reported on Thursday.

Powerful blast hits Damascus, at least 3 dead – state TV

  • A powerful explosion has hit Ruken al-Deen neighborhood in Damascus, causing an unknown number of casualties, local state TV reports. At least three people are said to have been killed in the latest blast to strike the Syrian capital.
  • Residents have confirmed a large explosion shook the area.
  • Initial reports said the blast was caused by a car bomb and that experts are dismantling other explosives in the area.

Gun Control

Sheriffs sue their own state over gun laws

  • In a deliberate move to catch gun control activists off guard, an organization representing Colorado sheriffs in a lawsuit over a series of recently passed gun control laws abruptly announced the filing of the suit in federal court today.
  • “We did that deliberately,” David Kopel, an attorney with the Independence Institute, which is handling the case, said. “We wanted to catch our opponents who support gun control off guard.”
  • As recently as Wednesday, the Independence Institute was suggesting the filing was still a few weeks off. Appearing at a rally against another bill, Amy Oliver Cooke, wife of Weld County Sheriff John Cooke, said they were planning to file the suit in the next couple of weeks.
  • The suit, which was filed in federal district court, lists 54 out of the state’s 64 sheriffs as plaintiffs in the case.
  • Kopel says what is significant to note is that while not all sheriffs are party to the suit, not a single sheriff has come out in opposition to it.
  • Cooke had harsh words for critics in the media and others who questioned whether a government official should sue another government official.
  • “Some in the media … asked me if I think it’s a good idea or if it’s appropriate for [a] government official to sue another government official. My response is unequivocally yes. It is our duty and responsibility as sheriffs to protect the people who elected us and whom we serve.”
  • At a recent event in Fort Collins by the Independence Institute providing updates on the case, Cooke said he was proud that gun control supporters are nervous over the lawsuit.
  • “When we announced our opposition to these gun control laws, the Greeley Tribune ran a story titled, ’48 Sheriffs going Rogue on Guns,’” Cooke said. “They should be fearing us. What right does the state have dictating how many rounds of ammunition [a woman] can have to defend herself?”
  • The lawsuit isn’t just limited to law enforcement officials, but lists a variety of organizations including the Colorado Farm Bureau, which has expressed concerns about rural farmers and ranchers having to deal with predators, Women for Concealed Carry, and the Colorado Outfitters Association.
  • “We have a diverse number of plaintiffs in this case. We are celebrating diversity,” Kopel said. “The difference is we actually believe in genuine diversity.”

Cyber Attacks

Cyber attacks against banks more severe than most realize

]They are letting us know that cyber attacks are worse than they thought, that the big cyber attack is right around the corner which will cut off power, rob the people of their money and bring us to war. Be prepared !!

  • The series of cyber attacks that repeatedly knocked major U.S. banking websites offline in the past nine months has been more powerful than the general public realizes, government officials and security experts told the Reuters Cybersecurity Summit.
  • A self-described activist group, Cyber Fighters of Izz ad-din Al Qassam, has claimed credit for the distributed denial-of-service (DDoS) attacks that took down the websites of more than a dozen U.S. banks for hours or even days at a time. Members of congressional intelligence committees say the attacks are sponsored by Iran and show its growing capability in cyberspace.
  • U.S. banks, Internet service providers and security companies “have had trouble keeping up with the recent DDoS attacks that have had the sophistication and the level of resources that a nation-state entity like Iran can devote to them,” House Intelligence Committee Chairman Mike Rogers told Reuters.
  • “As a result, many key parts of our telecommunications and financial services infrastructure have been stressed to a dangerous level,” Rogers said.
  • In three waves of attacks since September, consumers have reported inability to conduct online transactions at more than a dozen banks, including Wells Fargo & Co (WFC.N), Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N). Banks have spent millions of dollars to fend off the hackers and restore service.
  • In DDoS attacks, thousands of computers all try to contact a target website at the same time, overwhelming it with meaningless connections until it is rendered inaccessible.
  • The banks have said little about their frantic efforts behind the scenes to restore websites, and industry groups have generally played down the impact and severity of the attacks.
  • But Rogers, U.S. Secretary of Homeland Security Janet Napolitano, and FBI Executive Assistant Director Richard McFeely told the summit this week that the progression of intense electronic assaults had spurred new efforts to coordinate among companies, sectors, and governments.
  • “The increasing frequency with which we have seen that has really increased our relationship with financial institutions,” Napolitano told the summit in Washington.
  • More alarming was the rapid changes in website functions targeted by the machines, including the secure-communications protocols through which banks identify customers, according to George Kurtz, chief executive of security firm CrowdStrike.
  • “They used to change every few days, but then it was every hour, and then every few minutes,” Kurtz said.