Financial Cold War Accelerates Dollar Demise-Peter Schiff
By Greg Hunter’s USAWatchdog.com
Money manager Peter Schiff hasn’t changed his investment strategy one bit, even though the world seems to be falling apart. Schiff explains, “I am already prepared, and what I am trying to prepare my clients for is for the day when the dollar is no longer the reserve currency. . . . From an investor’s perspective, we are engaging Russia, not in another hot war, but in a financial cold war. That simply accelerates this process because I think that we are really unarmed to have this battle. America depends on countries like Russia hoarding dollars, accumulating dollar reserves, invoicing their customers in dollars and supplying products that we pay for with the dollars that we print. When we anger countries like Russia or other countries that may be sympathetic with Russia, and they might be upset about the way we throw our weight around. They also might be upset that by holding dollars, they are really emboldening the United States to do this. There are a lot of nations that might resent the power the U.S. wields. . . . I think we are pissing off a lot of people we really ought to be sucking up to, and it’s all accelerating this day of reckoning.”
On gold, Schiff, who oversees more than $2 billion in investments, contends, “The only thing I or some of my clients are upset about is we didn’t sell when it was way up there so we could buy it back. . . . I am preparing for a much bigger move.” Schiff goes on to say, “I do think the main reason the price of gold is not much higher is not because the price is being suppressed, and maybe it is to some extent, but I think it has more to do with financial ignorance. The vast majority of people who should be buying gold don’t understand that they need to be buying it now. There is not a lot of understanding among the big players who manage trillions of dollars, and they are making foolish investments based on a lack of understanding of what’s happening. I think when it dawns on more investors exactly the predicament the Fed is in, that this recovery in the U.S. is a mirage. It is not real, and rather than the Fed ending QE and raising rates, it will be launching a whole new round of QE. It will be even bigger than the last one. When investors get their arms around that, they will be buying gold and they will be paying much higher prices. Then, nobody will be talking about manipulation because the price is going to be skyrocketing.”
On the recent so-called strength in the U.S. economy, Schiff says, “I think it is all downhill from here. I think this second quarter print, even though we are going to revise it down, that’s the big print of the year. I think the third and fourth quarters are going to be bad. I think that’s when the Fed is going to have acknowledged—once again—it’s wrong. It over estimated the economic strength that is not there. . . . They have diagnosed the economic patient and came up with a cure of printing money and artificially low interest rates. That cure doesn’t work. In fact, that cure is the reason we are so sick.”
On Fed Head Janet Yellen, Schiff predicts, “Yellen is going to say, we just need an even bigger dose. The patient is sicker than we thought. That’s why it’s not responding to our monetary medicine. So, we need even more. More money printing is not going to work, and it will make it worse.” Schiff goes on to say, “Remember, Janet Yellen is the most liberal Fed Chair we’ve ever had. No Republican is going to reappoint her. So, her only chance of having a second term is for a Democrat to be in the White House. So, she has a lot of selfish interest in doing what she can to help the economy and she believes what helps the economy is printing money. . . . She is going to pull out the stops. It’s going to be monetary pedal to the metal. So, there is a lot more stimulus coming. The official government measures of inflation, that doesn’t even come close to accurately measuring how bad it is, those official measures are going to get worse.”
Join Greg Hunter as he goes One-on-One with Peter Schiff, CEO of Euro Pacific Capital and Euro Pacific Precious Metals.
(There is much more in the video interview.)
Peter Schiff is a prolific writer. If you would like to read his analysis of the markets, you can do so at Euro Pacific Capital or Euro Pacific Precious Metals. Both sites are free, and contain lots of good information and articles.
Another great interview Greg!
I don’t read books. But when I do, I usually read the first chapter and the last chapter. Basically, the beginning and the end. Why waste the middle? I know how we began. Today I am witnessing and living the very last chapter and how we will end….
I am in the middle of Joel Rosenberg’s book, “the auschwitz escape” and a thriller, with a killer.
Your guest is really smart guy maybe even a economical genius, but he is wrong in one thing. USA is not engaging Russia, China and they associates in financial cold war for which is not prepared, but in financial HOT war which is a grave mistake.
Just my 2 cents.
I like PS, he is one of the good guys who tells it like it is.
I remember a time not long ago when those so called numbers …GDP, Terms of Trade, Balance of Payments etc. actually provided some economic insight into how healthy an economy was. This in turn had some influence over money flows, globally.
PS’s summation of the Q1 and Q2 print for GDP is interesting. His point about the average is acceptable and reasonable. I would contest though who is it that actually benefits from whether the data print is positive or negative. Some perspective of these numbers and the influence they exert over currency movements. With all the money printing that exists and the so called improvement in the economy, how is the Dollar index at 81.5. It seems incongruent that the currency is portraying strength in the US economy when clearly the US is in a funk (for better choice of a word).
My point is that these numbers are really becoming superfluous to our everyday needs. The only ones who find some utilisation in them are those (as they have always been) who are ahead of the curve. So much for the so called market efficiency. There are still sharks out there who work on the premise that having the data first, is advantageous. For us mere mortals the issues are still clouded and not being addressed. The US is in a Depression and no one is going to admit it. Meanwhile there is arbitrage and money to be made.
Stepping away from what is more commonly being accepted as false reporting of economic indicators, will bring about a much needed sense of reality. At that time we may envisage a rush to quality or the old phrase “safe haven” status will gather momentum in quick fashion.
The, contrast in reports between Mannarino, Celente, Willie, Kirby, and then Schiff, is to me, gapped. What I mean, is Kirby’s and PCR’s, Mannarino, are more, of an emergency setting, while, schiff is laid back, “I’m Prepared” so now I just want to invest…… laid back, and no alarm i guess I mean.
I feel, it is more dire than the schiff report, but thats just me, or re arranging the the chairs for the 3 piece orchestra and tuning the chello , while the life boats are being lowered is not alarming enough for me.
These times are more critical then peter lets on, but maybe that is what some folks need, a calmer report.
Firstly, we must remember that the always Conservative Peter Schiff was adamant that the Fed would NOT taper QE this time.
Fortunately for him, he is NOW correct on the overall situation.
He also has the backing of the Liberal-hipster Max Keiser, so the politics of his thesis comes from both sides of the spectrum, which is extremely important in this form of paradigm shift.
Peter didn’t mention, but knows very well, that when the middle eastern OIL WARS get hotter in the near future, oil will go up and STAY UP for a considerable amount of time . This will cause long term inflation everywhere, and therefore inflation hedges such as GOLD will be eagerly bought worldwide.
always enjoy Peter Schiff commentary, his analysis point toward 24,000 Dow, and the surge strategy to be applied.
deflation is appearing not in prices so much but actual purchases or consistent demand.
there are at least two nations with interest rates that are above that required which is preventing allocation of capital to other areas, fixed income investments are retarding the inflation programme and active use of capital,
right now there is a perception of stability, as markets are put on hold, a slow seep exits into property and precious metals but no where else which is unacceptable,
the game has to change very quickly or the worst side of unintended consequences will occur,
24,000 Dow, $5000 gold are right around the corner.
* think the Fed is uaware of what Schiff is saying? No way Jose.
* this is the end game, and they, the Fed and their cabal will rape he system just like they do in foreign wars. Print fiat to by the cabal’s stocks, buy mercenaries, buy politicians with the unreal ‘money’. Getting away with it, too. Where does the Pres get the money to support Ukraine or Israel when the USA is so in debt?
Portraying the Fed as stupid makes Schiff look unwise. The Fed knows exactly what they are doing, it is just that their objectives cannot be admitted as they are the enemy of most of the USA’s people.
And gold goes up whether the US Dollar goes up or down! Get real, if the Euro goes to 90 then the US dollar will go higher as they are tied in a the same small basket of curriencies – yen, dollar, euro, cdn loonie, swedish korona – they can all print, so….
I read Peters book “Crashproof 2,0” last year. Amazing that it was penned in 2009 and is still unfolding the way he said it would.
It made me change dramatically the way I invested.
I also used his company Euro Pacific precious metals and was pleased.
Despite US and EU Sanctions Russia’s Economy Is Still Growing I got it from Forbes.com also to say I got autism
As usual, great interview Greg.
First the Scoop – On Survival Gear.
I have been an avid backpacker for over 40 years, and have seen just about every survival gadget there is. This is probably the best I’ve ever found. A stove that runs on scrap wood. Generates its own electricity. Has a USB port to charge phones and ham radios.
Now the poop- As I posted on several post, the paradigm shift away from the dollar has already occurred world wide. Dumbed down Americans may be oblivious to this fact , but the rest of the world has already moved on, signing currency swap agreements with Russia and China. We don’t have years like some of these economic pundits say before the dollar loses reserve currency status. We have months. So when will the dollar collapse? Short answer, when the oligarchs that are controlling our economic system want it to. Keep an eye on Ukraine. This is pivotal. The oligarchs want to drive a wedge between the U.S. and NATO, and this is the place to do it. With winter coming on, if the Russians seize control of the gas pipe lines that supply 20% of Europe’s natural gas, the sanctions imposed on Russia will lose their teeth, and NATO will be forced to engage them militarily.
Need I say more? Print baby Print !
Right on cue.
The timing was off, but I still stand by my predictions in May. The oligarchs will do what they’ve always done, when they’re finished looting a country. Start a war to cover their tracks as they leave. They’ve done it time and time again throughout history. The really sick part is, they make money off that to.
Their MO is consistent with their personal directive to make chaos so their “order” will emerge. It is nonsense, but they believe it. In the meantime, they create murder and mayhem. They are without conscience.
“ordo ab chao” is the motto of the Masons. EVIL !
Great Interview Greg,
Very interesting what he said about Yellen. Our dead financial system is propped up in a chair with dark glasses like Weekend at Bernie’s. I just wish I knew when the whole thing is going to crash down on us.
I covet truth and good old fashion reason. I trust Peter Schiff perhaps more than any other financial person.
Russia sees Washington’s financial incompetence? Russia is pissed? Sounds like those pesky Preppers who have ditched DC dollars and invested in commodities and PMs.
Greg, I agree with your guest, the country never does anything but the same old thing. The border if off the news again, seen in Texas National Guard down there, any new legislation, etc.? My point is that whether it is economic or another crisis nothing ever changes, no new thought on the matter ever comes to fruition, so it is extremely likely the Fed will just do what it always does and nothing more: print.
Peter has a good understanding of whats coming! We were warned 14 years ago that the towers of the old order were purposely being brought down to be replaced by the One World Trade Tower.
This tower is purposely going to be opened to the public this year. While I do not fully agree with all these links suggest I think they contain many thoughts worth entertaining:
Order out of chaos is their desire:
But desolation will be their end:
Daniel 9:27 And he shall make a firm covenant with many for one week: and in the midst of the week he shall cause the sacrifice and the oblation to cease; and upon the wing of abominations shall come one that maketh desolate; and even unto the full end, and that determined, shall wrath be poured out upon the desolate.
for much more on how to escape these things:
Luke 21:34-36 But take heed to yourselves, lest haply your hearts be overcharged with surfeiting, and drunkenness, and cares of this life, and that day come on you suddenly as a snare: (35) for so shall it come upon all them that dwell on the face of all the earth. (36) But watch ye at every season, making supplication, that ye may prevail to escape all these things that shall come to pass, and to stand before the Son of man.
Love in CHRIST! Rob
Economic recovery? How, with money velocity at historic lows, and a labor force participation rate at 36 year low? The US economy is a dead man walking being continually propped up by a runaway Federal Reserve who is lying about a tapering, and is continuing to buy bonds. The Federal Reserve will continue to hyper-inflate their balance sheet to suppress interest rates in an attempt to force the equity markets to all time high after all time high.
Considering that the American consumer is lying in a ditch and our economy is always touted as a “consumer economy”, I’m amazed at the audacity of absolutely EVERYBODY in thinking that the economy can possibly be improving !!
A few decades ago, the cities looked rather shabby, but the people looked fairly good. NOW, the cities look really good at a distance and the American people are fat slobs, which is a general indicator of their overall mentality when it comes to sorting out the most basic of economic situations.
Bread & circuses has reduced the populace to trifling impotence.
Peter is right regarding the U.S. annoying friends and foe alike re dollar use through FACTA, fines on Bank Paribas, sanctions on Russia, excessive QE.
Sanctions on Russia could backfire and cause price inflation in the US as the dollar value falls as a demand for it drops as de-dollarization continues.
The dollar, however, does not have to lose its reserve currency status for there to be a dramatic impact on prices in the US. All that is required is a drop of say 5-15% demand for the dollar. That would cause the price of imports to the US to soar and prices to rise.
As prices rise in the US the government will have to recognize the rise in the CPI and increase the payouts on social programs. This would have the impact of further putting the US into debt. Where would the money come from to pay for the increased social spending- print more, which will cause even more price inflation.
I view this as a conscious tactic of Russia- a way of doing to the US what the US did to it in the 80’s -force spending to the point of collapse. More here: https://smaulgld.com/impact-of-sanctions-on-russia/
I agree. I’m slowly getting back into gold stocks. I carefully bought NG. So far so good.
Also looking at TZA, SRTY and FAZ as well as AG and ANV.
Mushroom, I agree with Greg but IF you do get into stocks, then at least make sure you have your stocks registered under ‘Direct Registration’ and not under ‘Street Name’.
It might save you the MF Global type headache.
As usual great interview just wondering when you might have Hal Lindsey on.
I would suggest Mark Davidson. I think he has an incredible perspective of what’s goin on. http://foursignposts.com/
Hal Lindsey would be a good one. I would like his take on Revelation 17 & 18….also, his Biblical take on the anti-Christ….
Wow perfect interview to wake up to.. Peter Schiff is one of the guys that started me on my path of waking me up to what’s going on and making ready for what’s to come ! Great job Greg keep up the good work
Greg, Another great interview, always love listening to Peter Schiff buck the mainstream with his insights, although I have a hard time accepting that he really believes this is all due to bumbling incompetence and ignorance. While I agree the average person may be ignorant to what is really going on we all know what is truly the case in the markets, etc…. especially Gold.
From other guests like Jim Willie, Rob Kirby, Andy Hoffman, etc…. we all know that the markets are rigged and those rigging it are aware of what they are doing. Every Monday Hoffman goes on Fin Survival Network and talks about the COMEX manipulation. Keep up the good work-eventually there will be fewer who remain unaware and ignorant.
It is not easy to make some people even interested in hearing theses things…..
Most every financial type peddles the Keynesian model-whether they seriously believe it or not. Peter is probably a no-nonsense Austrian.
What else needs to be said?
Another great interview! From the Swiss wealth protector to Schiff’s interview. This is the best stretch I have seen. I do see that even those these experts are not 100% in agreement it is about 85-90%… that is very for forebodding….The best education I have recieved in the shortest amount of time.
Also, I am involved in pro-bono work in helping to mitigate foreclosures in my area.
Just wanted to say you did some outstanding interviews on this topic at CNN, we have seen those excerpts and re-played them many times….Great job!!
I had a MERS loan through Country Wide at the time. I paid off my home, but do not have the deed or title. Do I have any action to get those? Or, should I just sell my home and get another without the MERS….
Steve Balmer just bought the Clippers for $2 billion. Is a basketball team worth $2 billion? It might be if $2 billion is about to lose nearly all of its value. On the other hand, if everyone is broke, who will be interested in basketball?
Peter has done a great job in trying to make a complex issue simple for common folks to understand.
I agree with Peter on 90% of his views.
Where I disagree is on his stead fast libertarian philosophy.
For instance Peter believes there should be no FDIC.
Where as I believe that if there was a company that would insure bank deposits it would have happened long ago.
It’s too risky for any company to do this.
Thus the only solution is for the government to do it.
Where we agree is if there is a FDIC then the full Glass-Steagall Act must be in place.
Although I don’t agree with his idea of no government involvement at all I would vote for him as he would do good for this country.
One day in the future people will look back and see that Peter, his brother and his father were great Americans.
Bank deposit insurance would be unnecessary if the deposits were really deposits
Bank deposits are loans to the bank and worse yet they can create. 10 x your dollars under fractional reserve banking which is legally sanctioned
We have the FDIC in name only. In a major bank collapse, the government will absolutely NOT have the funds for a medium bail-out. The FDIC and pension protection is a sad joke.
St Louis is a stark example of what is to come. In an all out constant upheaval, there will be little or no, maybe temporary official help.
Imagine if you can’t get food, money etc. It will be like a domestic warfare. It will be unbearable!
Peter Schiff is a man who knows – not just as one who is directly business-savvy: but as a veteran who has endured the last three years of precious metals insanity.
He is totally right in that the US will alienate or drive-away friend and fence-sitters by it’s bullying and bad behavior. There will come a time, when things get bad enough – that nations won’t care of consequences: they will turn their backs on business, and turn their bucks into something else. If the world were Sandlot Baseball – America is going to be handed the ball and told to play with itself.
ITS SOOOOO refreshing to hear a real solid expert expound on the reasons to own gold and why the Kanzians of the world will not replace the Austrian version of economics.
Peter Schiff uses and understands LOGIC. May logic rule some day once again.
Recently GATA complained that big names like Doug Casey, Jim Grant and Bill Fleckenstein , like Peter give no credibility to the gold manipulation story
You can read about it here
I recently did a two part series on gold and silver manipulation and came to the conclusion based on actual facts that gold and silver are manipulated and indeed must be for the financial system to maintain order
I understand not wanting to be labelled a conspiracy theorist but when something is obvious, it’s obvious!
I don’t know how Schiff can say with a straight face that he doesn’t think there is any manipulation in the metals markets. Why would there be manipulation in seemingly every market but not metals? Naked short selling in these markets, especially silver, seems so obvious. Dropping a years worth of silver contract on the market in a few seconds isn’t manipulation?
In this new YouTube with Peter Schiff and Jim Rickards, Rickards says there is NO DOUBT there is gold manipulation-but he says its not the Fed but the Chinese https://www.youtube.com/watch?v=ImqxhaPyLEo#t=842
A farmer puts the US economic problems in focus…
Thanks Greg for giving us Peter The Great! …. I may be poor, but I have my tangibles stashed – even extra shoes! My wife thinks I’m kinda crazy. Everything God foretold in the Bible is coming true! When a nation pisses off the world, there will be hell to pay. All you good folks… Run for cover! God bless.
I N C O M I N G !
I have been a firm believer in extra shoes for a long time. Flip flops aren’t going to make it when the bottom falls out.
I will miss his daily radio show….Schiff is the best!
Peter Schiff generally has a good handle on the big picture.
He fails big time however on pretending the PM markets are not manipulated.
Precious metals, where day after day the same algorithms are used to naked short them, languishes despite record global physical demand.
Other than for manipulation, how does Peter explain the odds gold would be attacked on 59 straight Sunday nights (particularly 2014’s 30 so far), given gold is the year’s best performing asset class?
It makes nonsense of the concept of “sixth sigma events,” which have odds of one in 500 billion; as the odds of gold being taken down 59 straight times are one in 576 quadrillion.
But no, gold is not manipulated according to Peter.
Perhaps he maintains this facade so as he gets invited back to CNN and Fox time after time.
See my comments above- There is a link to a conversation Schiff had with Rickards recently about manipulation where Rickards is convinced of it BUT he says it’s China not the Fed, which makes no sense. I get their motive but the action of shorting comes from JPMorgan and the bullion banks (acting on direction from china???)
Another link above talks about GATA’s frustration with getting big names to talk about manipulation. Seems only Eric Sprott does. (so does PCR)
Another link is from my 2 part series on gold and silver manipulation- suspected and actual.
I really enjoyed this interview. Maybe because he was preaching to the choir . Many folks on your site believe that eventually maybe even soon this is what we will see and we are trying to prepare for it too. I would like to relate a conversation I had yesterday with a an expert in antique and estate jewelery. I will leave out any identifiers here. This person with “heavy backup” goes to more than 30 shows each year and has a long list of private clients, earned over decades. I went through a trusted mutual friend to ask my curiosity questions. Points, they see less and less old and quality gold, because unlike five years and more back there is no recycle of the good jewelery pieces sold for junk metal. The same day this stuff is melted down and no one even looks at it. I was told that all the gold is going to China (we know) and it is more and more rare to find some of the best stuff. The real premium stuff like heavy chain from the 60’s and 70’s from China, Thailand and the Far East when obtained by that expert or their fellow business members is selling for very high markups, often finding it’s way back home overseas as jewelery. I know we all get that about coins, melt down and bars but the pressure has been on for years now and going deep into the really good jewelery market too. IF you find a nice piece that you can afford, it is not like an expendable coin but it will hold it s worth from the rich countries abroad.
Greg what a great interview with a great guest. You just keep on enlightening us all with all the great interviews. Thanks so much for all your hard work and serious dedication and for all the right reasons.
IMHO You should treat physical gold as a hard asset like farm land or solar panels , not money , its day as money is yet to come . Poland is threatening Russia with the WTO over banning food imports , ya can’t make it up , stupidity to the power of ten , Russia has hit Europe where it hurts ,food exports , the one bright spot in a dead economy , watch the farmers take to the streets when it begins to hurt , French farmers are experts at screwing up national politicians , and burying the European Parliament under fertiliser , a few more import bans and the EU / NATO will forget all about the Ukraine , http://www.zerohedge.com/news/2014-08-13/russia-sanctions-blowback-finlands-largest-dairy-lays-800-spain-seeks-eu-aid-poland-
The pain begins
If anyone doubts that gold and silver are being manipulated, they should read some of the article by Paul Craig Roberts and Dave Kranzler, such as “The Hows and Whys of Gold Manipulation” at http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/ and “Insider Trading and Financial Terrorism on the Comex” at
Another great interview. Your guests analyze the ongoing collapse from so many different facets. I find myself hoping the establishment can “kick the can down the road” awhile longer. I find myself becoming more fearful for my family. I’m nowhere ready for what is surely coming.
I find it more and more surreal when I read or listen to establishment types who specialize in the economy. We have a financial planner in my area named Ric Edelman (can I give names?). He has his own talk show, best-sellers, and his firm has been voted number one in the nation numerous times. He discounts those who talk of coming collapse (“chicken littles”), discounts holding gold (5 percent of investment if you want it). He recommends holding a big mortgage and never paying it off (presumably for tax benefits).
Another person is Bob Brinker, who has been on the radio for about 25 years. He recently talked about the benefits of continuing one’s education, comparing the earning power of college graduates with those with no college. I didn’t hear anything about crushing student loan debt, moving back with parents, and not finding work in one’s field of study. He also awhile back brushed off the talk,of the dollar losing its reserve status.
At times I find myself hoping their understanding is correct. But I believe I know my eyes have been opened to more of what is truly going on limited as my understanding is.
Thanks Greg for your program and this forum.
This quote originates from-General William T. Sherman, his address to the graduating class of the Michigan Military Academy (19 June 1879);
I’ve been where you are now and I know just how you feel. It’s entirely natural that there should beat in the breast of every one of you a hope and desire that some day you can use the skill you have acquired here.
Suppress it! You don’t know the horrible aspects of war. I’ve been through two wars and I know. I’ve seen cities and homes in ashes. I’ve seen thousands of men lying on the ground, their dead faces looking up at the skies. I tell you, war is Hell! Speech from which we derive the phrase “War is hell.” As quoted from accounts by Dr. Charles O. Brown in the Battle Creek Enquirer and News (18 November 1933)
I’ve also found this version
“I am sick and tired of war. Its glory is all moonshine.
It is only those who have neither fired a shot nor heard
the shrieks and groans of the wounded
who cry aloud for blood, for vengeance, for desolation.
War is hell.”
From “On Killing” by Lt. Col. Dave Grossman
I confess, without shame, that I am sick and tired of fighting — its glory is all moonshine; even success the most brilliant is over dead and mangled bodies, with the anguish and lamentations of distant families, appealing to me for sons, husbands, and fathers … it is only those who have never heard a shot, never heard the shriek and groans of the wounded and lacerated … that cry aloud for more blood, more vengeance, more desolation. Letter (May 1865)
You people of the South don’t know what you are doing. This country will be drenched in blood, and God only knows how it will end. It is all folly, madness, a crime against civilization! You people speak so lightly of war; you don’t know what you’re talking about. War is a terrible thing! You mistake, too, the people of the North. They are a peaceable people but an earnest people, and they will fight, too. They are not going to let this country be destroyed without a mighty effort to save it … Comments to Prof. David F. Boyd at the Louisiana State Seminary (24 December 1860); quoted in The Civil War: A Narrative (1986) by Shelby Foote, p. 58; also in The Civil War : A Book of Quotations (2004) by Robert Blaisdell
Letter to Atlanta (1864)
You cannot qualify war in harsher terms than I will. War is cruelty, and you cannot refine it; and those who brought war into our country deserve all the curses and maledictions a people can pour out. I know I had no hand in making this war, and I know I will make more sacrifices to-day than any of you to secure peace. But you cannot have peace and a division of our country. If the United States submits to a division now, it will not stop, but will go on until we reap the fate of Mexico, which is eternal war. The United States does and must assert its authority, wherever it once had power; for, if it relaxes one bit to pressure, it is gone, and I believe that such is the national feeling.
You might as well appeal against the thunder-storm as against these terrible hardships of war. They are inevitable, and the only way the people of Atlanta can hope once more to live in peace and quiet at home, is to stop the war, which can only be done by admitting that it began in error and is perpetuated in pride.
You have heretofore read public sentiment in your newspapers, that live by falsehood and excitement; and the quicker you seek for truth in other quarters, the better. I repeat then that, by the original compact of government, the United States had certain rights in Georgia, which have never been relinquished and never will be; that the South began the war by seizing forts, arsenals, mints, custom-houses, etc., etc., long before Mr. Lincoln was installed, and before the South had one jot or tittle of provocation. I myself have seen in Missouri, Kentucky, Tennessee, and Mississippi, hundreds and thousands of women and children fleeing from your armies and desperadoes, hungry and with bleeding feet. In Memphis, Vicksburg, and Mississippi, we fed thousands and thousands of the families of rebel soldiers left on our hands, and whom we could not see starve. Now that war comes to you, you feel very different. You deprecate its horrors, but did not feel them when you sent car-loads of soldiers and ammunition, and molded shells and shot, to carry war into Kentucky and Tennessee, to desolate the homes of hundreds and thousands of good people who only asked to live in peace at their old homes, and under the Government of their inheritance. But these comparisons are idle. I want peace, and believe it can only be reached through union and war, and I will ever conduct war with a view to perfect an early success.
“War is cruelty. There’s no use trying to reform it, the crueler it is the
sooner it will be over.”
-William Tecumseh Sherman
It will be a thousand years before Grant’s character is fully appreciated. Grant is the greatest soldier of our time if not all time… he fixes in his mind what is the true objective and abandons all minor ones. He dismisses all possibility of defeat. He believes in himself and in victory. If his plans go wrong he is never disconcerted but promptly devises a new one and is sure to win in the end. Grant more nearly impersonated the American character of 1861-65 than any other living man. Therefore he will stand as the typical hero of the great Civil War in America. Sherman on Ulysses S. Grant, 1885, as quoted in Grant’s Final Victory: Ulysses S. Grant’s Heroic Last Year (2011), by Charles Bracelen Flood.
To our friends in deep state, if you want to go to war? You better be cruel and you better believe in it and in yourselves and in victory, if not, don’t go there or well all be in deep do do, because war is hell!
“War is the remedy that our enemies have chosen, and I say let us give them
all they want.”
– General William T. Sherman
William Tecumseh Sherman (8 February 1820 – 14 February 1891) was a Union Army general during the American Civil War. He succeeded General U.S. Grant as commander of the Western Theater of that war in the spring of 1864. He later served as commanding general of the army (1869–1883). He is best known for his destructive “March to the Sea” through the state of Georgia and is widely regarded as an early advocate of “Total War” and inspiration for the Sherman tank!
This is whats Shermans really known for. https://www.youtube.com/watch?v=bLx5vAnmzms
Major General Smedley Butler wrote the book _War is a Racket_. It is free online.
According to Smedley Butler, all wars are banker wars, and war was h.
In war the only winners are the bankers. All others are losers in the banker’s game.
Justification for having a fiat monetary system.
The Horse Soldiers theme song;
W A R _ I S _ H E L L !
Its like a spinning wheel of misfortune. Which one will cause the dollar to collapse first?
Derivatives ? Loss of petro backing ? Loss of reserve status ? Continual fed printing ?
How about an economic war with Russia?
Do you ever wonder why Obama doesn’t seem to concerned about it? Why he’s at Martha’s vineyard hitting the links ? Maybe he knows something that we don’t.
According to my sources, the transformation of America is right on schedule, if not ahead of itself. The globalist view the collapse as breaking a few eggs to make an omelet. What did you think “change has come to America” meant?
Well I wish they’d hurry up already. I get more depressed as each day passes with nothing changing here in the Midwest. And please, I don’t need anyone to tell me to be careful what I wish for. I do not fear the one who can kill the body, but the one who can kill both body and soul. In him is my trust and my inheritance.
More news coming out of Ukraine, EU etc…EU countries taking a hit….Obama and crew playing this as they go ( that i swhat a couple of good but different sources are telling me)
I am amazed at the way Putin keepd making end arounds the US NATO EU etc…. Every move he makes seems to hit the nail on the head, the EU is hurting and he is making it hurt more and more.
You have been right on this front….and I realize there have been some disparaging remarks made about you…keep up good work.
everyone… Intro-excerpts from the HT Letter;
“Turkey is going to continue [the Oil for Gold trade]. If those casting aspersions on the gold trade are searching for immorality, they should take a look in the mirror.” ~ Mehmet Zafer Caglayan (Turkish economic minister)
“All Gold & Silver goes to Asia where the buyers are located. Indians and Pakistani are also buying. Whatever physical metal pops up in the market is being bought up immediately. Tons of cash are being converted to hard assets at several major trading centers. The market will change once we see some more Ukraine kind of incidents and/or bank defaulting on payment commitments. Look for a less known but large bank to fail, or a seemingly unimportant intermediary bank process to fail, not located in a prime nation, which causes a chain reaction. To be sure, it is all just around the corner.” ~ The Voice (see the Banco Espirito Santo in Portugal, which just requested receivership trustee protection) . . .
. . . “We just had a financial coup. A group of investors extracted $40 trillion and shifted enormous liabilities into the G-7 nations, including the United States. Now we are in the end game. The governments bleed out or fail. What happens may well be a military and intelligence question rather than a financial one. Meantime, the folks who have independent control of vast technology and wealth, as well as independent military, intelligence, and facilities, what do they want and what are they going to do? Looking at this through the lens of sovereign governments alone is to miss the deeper game.” ~ Catherine Austin Fitts (an end game)
AO…Yeah gr8 blog…hit the mark…bullseye..!!
“Looking at this through the lens of sovereign governments alone is to miss the deeper game” Chilling words by CAF imply Martial Law then a world of pain is upon us as we become subjects of the state or whatever manifests itself as the new order.
…my body is cooling very rapidly almost as if the blood is being sucked out of me. One cannot prepare for what is about to be unleashed on the unsuspecting.
and a few more;
$$$ SCOOP FROM RUSSIA ABOUT GERMANY WORKING TOWARD LEAVING THE EUROPEAN UNION, CUTTING OUT OF NATO, AND JOINING THE BRICS NATIONS… THE GERMAN FLIP WILL ALTER THE GEOPOLITICAL BALANCE, AND ISOLATE THE UNITED STATES… THE GERMAN INTEGRATION WITH RUSSIA & CHINA WILL BE MESHED IN WITH CRISIS RESPONSE IN A NATURAL PROGRESSION WEAVE… THE WESTERN SYSTEM IS IN BREAKDOWN MODE, AND GERMANY WILL SHIFT DURING THE CLIMAX IN REACTION. $$$
The grapevine scoop came from London Paul, who was in Moscow dealing with long-term clients. His financial consulting work has led to many informed corners. He claimed their information has proved very reliable in past years. They have their own pipeline of solid information. He passed on the following gem shocker. The news would shake the Western world to its core. Germany will turn eastward and put its support with the BRICS nations. In the Jackass view, it means the Eurasian Trade Zone would have its principal European piece to fill the table. Furthermore, it might mean that the Nordic Euro (gold-backed revived Deutsche Mark) could be coming. Expect at minimum the full German weight to the new BRICS currency backed by gold plus hard assets. That would explain their letting go of the gold repatriation demand from the US & UK. They might have a bigger chess move to make, perhaps even involving some gold provision from the East to compensate for what the Anglo-Americans confiscated illicitly. Notice the theme in the bigger picture rejoinder. The German response will be executed in a manner so as to avoid accusation of cause for breakdown. Instead, Germany will step to the Eastern camp when the West breaks down on its own lacking merits. They will do what they must to continue, survive, and thrive. That means step out of the US-UK-EU quicksand.
Here is what London Paul said, “Germany is about to sever ties with NATO. France is considering its position also apparently. Suggestions if this is the case, we could hear news break on this decision in the next few weeks. Germany is planning to leave NATO and the EU, so as to join the BRICS. This scoop came from a long-term Russian source who works in financial sector, whom I have come to trust. They where told by usually solid Far East connections.” Wow!
First, thank you for sharing this. IF it is true, then it is very interesting information to say the least!
Second, a question: do you know how the source you mention reconciles the possibility that on the one hand Germany and France will align with the Eurasian camp, with the recent developments on the other hand regarding the airliner MH17, the Drums of War, and the growing divide between Russia and the West?
Third, a playful critique (please don’t take it too hard because I really do appreciate the fact that you shared this information and find this very interesting, which I already mentioned above, so thank you again):
So, to get this straight: someone who I don’t know who may or may not use the name allen ols as a pseudonym, tells me that ‘London Paul’ (a man named Paul in London?) says that ‘a long-term Russian source who works in the financial sector’ says that Germany is going to leave NATO and the EU and is going to join the BRICS. How much faith do you suggest I place in this information?
Again, I realise that this kind of information – if true – will probably not reach the ‘common man’ by other means than in this way. But still it would be nice if the amount of anonymous links between me and this information would be a little less.
this info comes from Jim willies Hat trick letter from july issue, not august. sorta old news, but most dont get this. the source, or london paul, or others come from JW sources, highly placed, and wanting to remain annom. due to their positions in sensitive fin. sectors. JW is a reliable source of info. tks. al ols my real name.
here is stephen leeb from KWN commenting on alliance with china, russia, and germany;
Good information, thanks! And thank you for clarifying.
By Mordechai Ben-Menachem
Multiple media outlets report that Hamas’s offensive tunnel network – now known to have been composed of over forty attack tunnels dug underneath Israel’s border with the Hamas-controlled Gaza Strip – was set to be activated during the Jewish High Holidays (September 24 th ) as a mass terror attack.
The attack was meant to generate as many as ten thousand casualties, men, women and particularly children and hundreds of captives. Explosives were particularly placed underneath kindergartens to make certain that these “institutions” would be the first struck, even before any thing else.
The IDF recently published the below map showing that tunnels were created in pairs, to empty out on both sides of nearby communities. The known cost of the infrastructure – each tunnel costs upward of some $1 million – clearly shows that Hamas was planning a coordinated mega-attack. It must be understood that use of even one tunnel would inevitably trigger Israeli retaliation against the entire network.
Revelations regarding the planned tunnel attack magnitude played a decisive role in the Israeli government’s rejection of a cease fire proposed late Friday by Secretary of State John Kerry.
Unbelievably, Kerry actually proposed in his latest “cease-fire proposal” – none of which have been honored by Hamas so far – that Israel refrains from degrading remaining attack tunnels. This mind-boggling concept would necessarily be rejected by any sane government, of any country.
Israeli security sources, citing information acquired in interrogations of captured brigands, described a scenario under which hundreds of heavily armed Hamas fighters would have spilled out into Israel in the dead of night and within 10 minutes been positioned to infiltrate essentially all Israeli communities surrounding the Gaza Strip. Waiting then in hiding until schools and kindergartens were occupied, the terrorists would then attempt to kill the children first, and then kill and kidnap as many Israelis as possible. The plot was set to take place during Jewish New Year, on September 24. by Taboola
“It’s like the Underground, the Metro or the Subway,” Israeli military spokesman Lt. Col. Peter Lerner said. “These tunnels are all connected. I would describe it as Lower Gaza.”
Israeli Economy Minister Naftali Bennett said, “A whole city of terror tunnels has been found. Without the ground operation, we would have woken up one day to an Israeli 9/11.”
Except, the actual objective was to be five times 9/11.Israeli military officials reported that the tunnels are stocked with tranquilizers, handcuffs, syringes, ropes and other materials used for subduing abductees, civilians and soldiers. The tunnels also had fantastic quantities of explosives and additional military materiel meant to be used in the up-coming mega attack. Much of these explosives had already been placed underneath Israeli kindergartens. Some of these tunnels were as deep as 30 meters underground.
Sources say the Gaza Strip war, Operation Protective Edge, could serve as a prelude for a more extensive underground war with the Iranian-sponsored Hezbollah. Perhaps, not ‘ just ‘ in the Middle East.
The tunnels inside Gaza and under the Israeli border are not a secret project Hamas ran under the noses of Israel and the Palestinian public. Everyone in Gaza, knew that beneath Gaza, the City and all of its environs, a network of tunnels was being dug over the past five years, with an investment of tens of millions of dollars. Yet no one in Israel, public or military, was prepared for the scope of the tunnels – the danger that became clear in the past week or two.
In order to create this monstrosity, Hamas needed significant professional help; and this help had to have come from a large organization or state entity. This is not just the monetary aid it received from Qatar, America’s ally. This is professional guidance for the performance of such an underground feat. Perhaps Hamas could have used experts from the tunnels dug at Rafah under the Gaza-Egypt border, but those were significantly simpler, and did not demand any extraordinary investment or effort.
Who supplied these quantities of material? Who planned what would be needed? How did Hamas acquire thousands of ampoules of tranquilizer, syringes and other, additional drugs to be used? These are far beyond the quantities and variety of what is needed by any civilian medical service.
How was all this brought in to the Gaza Strip? The logistics of this planned attack are the work of a well-organised military, not that of a militia or club. This was no amateur plan.
Observers note that attack scenarios lined up with recently revealed data about the sophistication, scope and nature of the offensive tunnel network. As previously reported here, this sophistication and know-how is being copied right now by Mexico-based Hezbollah agents along the Southern US border. Tunnels in Southern Lebanon, as in South US, are significantly more difficult to detect than those in the sandy terrain of the Gaza Strip.
“Hamas planned these tunnels for years, and planned to use them to kidnap soldiers,” Israeli military spokesman Brig. Gen. Mordechai Almoz said. “[Now] they see the tunnels collapsing one after the other.” For the last two years, the Israeli army has sought to develop skills and equipment to fight in enemy tunnels and bunkers. Hamas and Islamic Jihad have used tunnels to operate command and control, to infiltrate Israel and abduct soldiers, to fire rockets and to conceal fighters amid invasion of the Gaza Strip.
Mordechai Ben-Menachem is a former researcher/lecturer at Ben-Gurion University and an author of 30 book ranging from engineering to poetry. He is also an ordained clergyman and a former soldier.
EVERYONE; THE OPTIMIST
On September 9th, 1965, US Navy pilot James Stockdale was shot down over North Vietnam and seized by a mob.
He would spend the next seven years in Hoa Lo Prison, the infamous “Hanoi Hilton”.
The physical brutality was unspeakable, and the mental torture never stopped. He would be kept in solitary confinement, in total darkness, for four years.
He would be kept in heavy leg-irons for two years and put on a starvation diet.
When told he would be paraded in front of foreign journalists, he slashed his own scalp with a razor and beat himself in the face with a wooden stool so that he would be unrecognizable and useless to the enemy’s press.
When he discovered that his fellow prisoners were being tortured to death, he slashed his wrists to show his torturers that he would not submit to them.
When his guards finally realized that he would die before cooperating, they relented.
The torture of American prisoners ended, and the treatment of all American prisoners of war improved.
Jim Collins, author of the influential study of US businesses, ‘Good to Great’, interviewed Stockdale during his research for the book. How had he found the courage to survive those long, dark years ?
“I never lost faith in the end of the story,” replied Stockdale.
“I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining moment of my life, which in retrospect, I would not trade.”
Collins was silent for a few minutes. The two men walked along, Stockdale with a heavy limp, swinging a stiff leg that had never properly recovered from repeated torture.
Finally, Collins went on to ask another question. Who didn’t make it out ?
“Oh, that’s easy,” replied Stockdale. “The optimists.”
Collins was confused.
“The optimists. Oh, they were the ones who said, ‘We’re going to be out by Christmas.’
And Christmas would come, and Christmas would go. Then they’d say, ‘We’re going to be out by Easter.’
And Easter would come, and Easter would go. And then Thanksgiving. And then it would be Christmas again. And they died of a broken heart.”
A OLs, I really appreciate your `
A OLs, I really appreciate your posts of the news I missed but you are just so danged full of good cheer! Chuckles!
coal burner, lol i due, my best. al
his gold price will never appear in his lifetime. and the dollar system will outlive his forecasts.
I’d still love to know how the Government will fund it’s millions of pensioners, black projects and military industrial complex, should the dollar actually fail. Talk about a massive black hole of wasted cash! Please ask some of your guests this question. Maybe the gov. is buying 2 billion rounds of ammo to protect themselves… from their soon to be (ex)employees.
Let me be the first to comment on Peter Schiff. The man is an absolute genius when it comes to understanding economics. There is no one that can tellin like it is more than him. When he speaks, people need to just shut up and listen. I have watched video after video with him on mainstream news channels just thunder away at these idiot so called financial experts and they all desperately try to make him look bad but you can’t beat the master at his game! Peter Schiff is the man! He will go down in history as one of the brightest minds of our time.