The Real World News & Commentary – August 19, 2012

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The Real World News & Commentary –
What the Mainstream Media Did Not Show You Today

Created by Roy Perlmutter   August 19 2012

 

Barofsky: ‘Geithner Admitted To Us That Obama’s Housing Policy Was DESIGNED To “FOAM THE RUNWAY” For The Banks’

http://www.silverdoctors.com/barofsky-geithner-admitted-to-us-that-obamas-housing-policy-was-designed-to-foam-the-runway-for-the-banks/

 

Obama Housing Program Slowing To A Crawl While Homeowners Suffer

http://www.huffingtonpost.com/2010/08/20/obama-housing-program-_n_689344.html

 

Obama Pitches New Mortgage Relief Plan to Shore Up Economy

http://latino.foxnews.com/latino/politics/2011/10/25/obama-pitches-new-mortgage-relief-plan-to-shore-up-economy/

 

President Obama on Working Through the Mortgage Crisis

http://www.youtube.com/watch?v=ABeNCaoNaP0

 

The Band Perry – You Lie

http://www.youtube.com/watch?v=jOvIamIqh4A

 

Could you go 10 weeks without lying?

http://bodyodd.nbcnews.com/_news/2012/08/17/13337593-could-you-go-10-weeks-without-lying?lite

 

Barack Obama Beating Mitt Romney in Confidence Game, But Will Likely Lose Election

http://www.thedailybeast.com/articles/2012/08/14/barack-obama-beating-mitt-romney-in-confidence-game-but-will-likely-lose-election.html

 

Social Security Administration To Purchase 174 Thousand Rounds Of Hollow Point Bullets

http://www.infowars.com/social-security-administration-to-purchase-174-thousand-rounds-of-hollow-point-bullets/

 

The Sentinel Case – Another Nail In The Coffin Of ‘Market Confidence’

http://www.zerohedge.com/news/guest-post-sentinel-case-another-nail-coffin-market-confidence

 

Warren Pollock and Ann Barnhardt On the Increased Risk to Customers In the US Financial System

http://jessescrossroadscafe.blogspot.com/2012/08/this-is-interesting-discussion-on.html

 

Official Manipulation

http://blog.milesfranklin.com/official-manipulation

 

The next great transfer will be the confiscation of individual retirement accounts, 401(k)s and pension plans to pay down government debt. This will be the last big rape!

When that is gone, chaos and destruction will follow. Out of the ashes will rise a new system, hopefully a sound one on a gold standard. We must first go through the fire.

http://personalliberty.com/2012/06/11/a-funny-thing-happened-on-the-way-to-5-7-percent/

 

Retail Exodus From Stocks Continues

http://www.zerohedge.com/news/retail-exodus-stocks-continues-another-36-billion-pulled-out-last-week

 

“Mandatory spending is principally the entitlement programs — Medicare, Medicaid and Social Security. What that means is every single dollar that we spent last year on these two wars, national defense, homeland security, education, infrastructure, high value-added research, every single dollar was borrowed and half of it was borrowed from foreign countries,” Bowles added. “That is crazy. It’s a formula for failure in any organization.”

http://www.moneynews.com/StreetTalk/us-treasury-foreign-debt-record/2012/08/16/id/448848?s=al&promo_code=FC7B-1

 

Stop Fooling Yourself… NO Entity On Earth Can Stop This

http://www.zerohedge.com/contributed/2012-08-14/stop-fooling-yourself-no-entity-earth-can-stop

 

Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States to Subsidize Payrolls

http://cnsnews.com/news/article/labor-dept-attempts-stop-layoffs-giving-100-million-states-subsidize-payrolls

 

Exclusive: White House studying potential oil reserve release

http://www.reuters.com/article/2012/08/17/us-usa-oil-reserves-idUSBRE87F13T20120817

 

“I wouldn’t be surprised over the next two or three years to see a fall of 10% in GDP in the eurozone, and in other countries also, the UK and US.  Just take an example of commercial property in Italy.  In the second quarter of this year there were (only) 2 commercial property transactions in Italy.  This was against 56 in the previous quarter. …I mean a drop from 56 to 2, it’s just come to a total standstill….  (AUDIO)

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/8/17_Egon_von_Greyerz.html

 

California State Controller John Chiang / Statement of General Fund Cash Receipts and Disbursements

http://www.sco.ca.gov/Files-EO/08-12summary.pdf

 

Doesn’t Take Much To Get Homebuilders Confident These Days

http://www.zerohedge.com/news/doesnt-take-much-get-homebuilders-confident-these-days

 

Single Best Chart: Your Chances of Getting Re-Hired

http://www.bloomberg.com/video/single-best-chart-your-chances-of-getting-re-hired-6IqKclNqTA~lM283q2MQZg.html

 

Farage Blasts Communist Europe And Leaders “Living In Noddy-Land”

http://www.zerohedge.com/news/farage-blasts-communist-europe-and-leaders-living-noddy-land

 

Economic Rape of Europe Nearly Complete, Part IV

http://www.bullionbullscanada.com/intl-commentary/21703-economic-rape-of-europe-nearly-complete-part-iv

 

Mine “bloodbath” shocks post-apartheid South

http://www.reuters.com/article/2012/08/17/us-safrica-lonmin-idUSBRE87G04K20120817

 

Update: Platinum mine violence impact – could it spread to gold mines too?

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=157236&sn=Detail&pid=110649

 

J.P. Morgan’s hunt for Afghan gold

http://management.fortune.cnn.com/2011/05/11/jp-morgan-hunt-afghan-gold/

 

China’s winning strategy in Africa

http://www.atimes.com/atimes/China/NH15Ad01.html

 

Hillary Clinton launches African tour with veiled attack on China

http://www.guardian.co.uk/world/2012/aug/01/hillary-clinton-africa-china

 

You Lie – The Band Perry w/ Lyrics

http://www.youtube.com/watch?v=UZEfIH13sBg

               

The Middle East is in the spot light again this week, and it’s all because of continued talk of war.  Matan Vilnai, an Israeli defense minister, said Israel is “ready as never before.”

http://usawatchdog.com/weekly-news-wrap-up-8-17-12/

 

Miles Franklin Exclusive: The ULTIMATE Collateral (the family jewels?)

http://blog.milesfranklin.com/the-ultimate-collateral-the-family-jewels

 

“As gold is a currency in nature, no matter if it’s for state economic security or for the acceleration of renminbi internationalisation, increasing the gold reserve should be one of the key strategies of China.”

http://blogs.ft.com/beyond-brics/2012/08/17/sunny-skies-a-glimpse-into-chinas-gold-ambitions/#ixzz23oJ144a6

 

Gold Continues To Be Money: CME Europe Now Accepts Gold As Clearing Collateral

http://www.zerohedge.com/news/gold-continues-be-money-cme-europe-now-accepts-gold-clearing-collateral

 

Big Changes Ahead: Gold Just Became Money Again

http://www.caseyresearch.com/articles/big-changes-ahead-gold-just-became-money-again

 

James Turk’s Q&A with GoldMoney followers

http://www.goldmoney.com/gold-research/newsdesk/q-and-a-with-james-turk.html?gmrefcode=gata

 

A discussion with James Turk this week renewed my interest in his Fear Index. So I decided to calculate the current figure. Given the 2.8% GFI figure listed in the equation above, clearly the gold market mania phase is only beginning, when compared to the 1980’s peak

http://radio.goldseek.com/silverfearindex.php

 

Gold Runs Out in Lisbon as Price Drop Compounds Money Misery

http://www.bloomberg.com/news/2012-08-15/gold-runs-out-in-lisbon-as-falling-prices-compound-money-misery.html

 

The Whiskey Rebellion, Part III: Ending the Rebellion

http://dailyreckoning.com/the-whiskey-rebellion-part-iii-ending-the-rebellion/

 

The Only Choice on November 6th

http://www.lewrockwell.com/rockwell/only-choice-nov6.html

 

Cartoon –

http://www.caseyresearch.com/gsd/sites/default/files/Spend-Spend-Spend.jpg

 

Reba McEntire – If I Were a Boy

http://www.youtube.com/watch?v=Iuax3zDMWqM

 

Fun Fun Fun

http://www.youtube.com/watch?v=89tPuyL1ruY