Baltic Dry Index. 1166 +11
LIR Gold Target in 2019: $30,000. Revised due to QE programs.
Yet
if he should give up what he has begun, and agree to make us or our kingdom
subject to the King of England or the English, we should exert ourselves at once
to drive him out as our enemy and a subverter of his own rights and ours, and
make some other man who was well able to defend us our King; for, as long as
but a hundred of us remain alive, never will we on any conditions be brought
under English rule. It is in truth not for glory, nor riches, nor honours that
we are fighting, but for freedom — for that alone, which no honest man gives up
but with life itself.
The
Declaration of Arbroath. 1230.
There is now utter panic in Westminster and
Brussels at the prospect of the breakup of the United Kingdom. The unthinkable,
has not only become thinkable, it’s become highly probable to happen in just
nine days. In their panic to “save” the union, all three leading UK parties are
now offering Scotland the bribe of “Independence Lite.” But no one has
consulted the voters of England who make up about 80% of the United Kingdom,
and who probably prefer a parting with
Scotland rather than this humiliating kowtowing and continued subsidy from
Greater London and the southeast to the bottomless pit of old socialist,
unhealthy aging Scotland.
Below, Scotland reverses the outcome of Flodden
Field.
Gordon Brown unveils cross-party deal on Scottish powers
The former Prime Minister unveils a fast-track timetable for 'nothing less than a modern form of Scottish Home Rule' that has been agreed with David Cameron and Ed Miliband.
Gordon Brown has unveiled a
cross-party deal on more powers for the Scottish Parliament in only two months
as he sought to convince Labour voters that rejecting separation would quickly
lead to a “new Union”.
The former Prime Minister
unveiled a fast-track timetable for “nothing less than a modern form of
Scottish Home Rule” that would see talks start the day after the referendum and
an agreement published by St Andrews Day on November 30.
In a highly symbolic move that is
expected to irritate Alex Salmond, who is an avid fan of Robert Burns, Mr Brown
said that draft laws would be published on Burns Night on January 25 next year.
They are expected to reach a deal on how much income tax to devolve.
This would allow whichever party
forms the government after next year’s general election to table legislation
“immediately upon taking office”, he said at a speech in Loanhead, Midlothian.
Mr Brown emphasised that the
“speed” of the timetable, which has been agreed with the Tories and Liberal
Democrats, meant that the Scottish Parliament would get extra powers far more
quickly than if voters back leaving the United Kingdom.
With
opinion polls showing the referendum is on a knife edge, the prospect of
independence today wiped billions of pounds off the value of some of Scotland’s
largest companies and the pound slumped to its lowest level against dollar
since November.
The Nationalists claimed Mr
Brown’s timetable for extra powers “smacks of utter panic” and he no longer has
the power to make the pledge.
But a Downing Street spokesman
said: "The Prime Minister very much welcomes Gordon Brown's
announcement." A source added: "This is exactly the sort of thing we
have been discussing for some time."
Ed Miliband also welcomed the
timetable, saying: “I make this commitment as Leader of the Labour Party: if we
win the general election, we will move with utmost speed in our first Queen's
Speech to enact this legislation.”
More
How they must be rejoicing at this “solution” in
Moscow. An ideal blueprint for East Ukraine and Odessa. How could Britain or
America object. In Brussels, Paris, Madrid, Rome and Berlin, a stab in the
back. If “Independence Lite” is on the table for Scotland, it’ll soon be on the
table for Brittany, the Basques, Catalonia, Corsica, Sardinia, Sicily, and
Greater Venice. Later for those fifth columnist Ruskies of Estonia. In EUSSR paymaster
Berlin, there will be panic at the thought of within a decade of having to make
transfer payments to all the copycat Scotlands. Furious that no one outside of
the Westminster bubble has been informed, let alone consulted.
But why would Scots on the verge of overturning 300
years of political union, opt for a form of federalised Independence Lite. They
have only to look across the ocean to America to see that though the 50 states
are nominally sovereign, they are mere pawns of the all powerful Federal
government hiding away in its own version of the Westminster Bubble, Washington
D. C. From state rights, to homosexual “marriage,”
to abortion, to illegal immigration, the states are anything but sovereign. My
guess is that Scotland’s Nationalists will go into overdrive to knock down
Independence Lite. My guess is that the Great Panic of London 2014, will set
off an English voter backlash in 2015’s general election. Stay long fully paid
up physical gold and silver, the UK Pound just re-entered the fiat currency
race to the bottom.
In other news, as the EUSSR proposes more toxic
cool aid, Russia is looking at ways of busting much of Europe’s airline
industry. Something tells me that in this madness we aint seen anything yet.
Hopefully Pope Francis is praying for a warm, mild, not too wet, winter for the
lands west of a line from Lithuania down to Greece.
Russia threatens to shut its skies to the West
Prime minister Dmitry Medvedev said his country would have to respond "asymmetrically" to news that European leaders are planning a wave of fresh sanctions
By Tom Parfitt in Moscow, Roland
Oliphant in Mariupol and David Millward
9:03PM BST 08 Sep 2014
Hundreds of flights to Asia every
week from Britain and other European countries face disruption following a
threat by Russia
to close its airspace to Western carriers in response to new European Union
sanctions over the Ukraine crisis.
The move, which would increase
costs for passengers by forcing airlines to revert to more circuitous routes
used during the Cold War, was signalled by Dmitry Medvedev, Russia's prime
minister, as the EU prepared to publish a detailed list of companies and
individuals to face restrictions on their dealings with Europe.
Mr Medvedev told the Vedomosti
newspaper: "I hoped that our partners would be smarter. If there are
sanctions related to energy, or further limits for our financial sector, we
will have to respond asymmetrically.
"We proceed from the fact
that we have friendly relations with our partners and that is why the sky over
Russia is open for flights. But if they put limits on us we will have to
respond."
Today a shaky ceasefire between
Ukrainian government forces and pro-Russian separatists in eastern Ukraine
extended into a third day, despite isolated outbreaks of fighting and exchanges
of artillery fire.
More
"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium."
Murray N. Rothbard
At the Comex silver depositories Monday final figures were: Registered 64.54 Moz,
Eligible 115.86 Moz, Total 180.40 Moz.
Crooks and Scoundrels Corner
The bent, the seriously bent, and the totally
doubled over.
Today as the traditional October crash season
approaches, yet another warning on China. But will Scotland move crash seaon
into September this year/
BofA’s China Bear Sticks to His Call Amid Surge in Stocks
Sep 9, 2014 2:56 AM GMT
China’s stock rally will
evaporate within weeks, said Bank of America Corp.’s strategist David Cui,
sticking with his bearish call after the biggest advance in 19 months. Equities have been buoyed by government efforts to boost sentiment and the planned Hong Kong-Shanghai trading link rather than any improvement in the outlook for the world’s second-biggest economy, Cui said in a speech yesterday in Tokyo. The Hang Seng China Enterprises Index of mainland shares in Hong Kong, also known as the H-share index, has rebounded 24 percent from this year’s low in March. The Shanghai Composite Index surged 4.9 percent last week, the biggest rally since February 2013, amid speculation the government is stepping up stimulus
Cui is unconvinced, saying
China’s domestic consumption is weak and the nation faces a financial crisis
amid falling real-estate prices and a shakeout in the shadow-banking industry.
His outlook contrasts with Morgan Stanley, which projects a 15 percent rally
for H-shares over the next year, and Bocom International Holdings Co.’s Hao
Hong, who turned positive on Chinese stocks last week.
“This rally will probably last
for another couple of weeks,” Cui said. “Investors think there will be a lot of
international money flowing into the domestic A-share market, and I don’t think
the flow will be that big. If I were an investor, I would get out of the market
before that.”
MoreThe monthly Coppock Indicators finished Aug.
DJIA: +152 Down. NASDAQ: +312 Down. SP500: +231 Down.
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