Why can't we win the war on poverty?

According to the New York Times and other Satanic organizations, we need to give more food stamps and welfare to the lazy ass holes that never finished school, can't speak English, and show up for "protest for pay" demonstrations like the Occupy movement.  See http://www.nytimes.com/2012/07/29/opinion/sunday/why-cant-we-end-poverty-in-america.html?pagewanted=all 
for an article written by a retard who favors a socialistic police state.

Any person that does not finish High School should not be eligible for any government benefits of any kind.  Public education is free and if a stupid ass quits in order to deal drugs or make babies, that person deserves to starve to death. 

It is NEVER the responsibility of government to help anyone.  This includes grants for college, guaranteed loans for businesses, etc.  Also government should NEVER promote racism by funding ANY organization with a racial nature.  Racist organizations like NAACP help blacks at the expense of everyone else.  Just because blacks are an inferior race when it comes to intelligence is no reason to force smart people to fund them.  Blacks can play football for millions of dollars even though they can't add 2 plus 3 or speak understandably.  If they want to earn a good living, but can't play sports, they should do what white people do: go to school.

White people as well as everyone else needs to realize that illegal aliens and lazy blacks are good for one thing only: Target Practice!

This may sound harsh to some people but it would eliminate poverty and crime, permanently. 

Utah State Legislative Candidates

Dear Supporter,
Campaign for Liberty gave candidates for State House and Senate an opportunity to provide a straight answer to the following questions.  The candidates’ answers can be seen below the list of questions.

QUESTIONS

1. Will you oppose efforts to cooperate with a national ID card system and vote to block all state funding for and cooperation with any national ID scheme including the Real ID and Pass ID programs?
2. Do you oppose the use of unmanned devices being used for law enforcement and used in order to fine citizens?
3. Would you support legislation that would require the courts to inform juries of the principle of Jury Nullification?
4. Will you support legislation that would protect citizens’ right to film public officials performing their official duties, as long as they do not interfere with official business?
5. Will you support legislation to end the use of “no knock” warrants?
6. Will you support legislation that would allow TSA agents to be charged with sexual assault if they use invasive “pat-down” procedures?
7. Will you support legislation that would allow school tax credits?

Survey Answers

State Senate					“Y”= Yes “N”= No “+”= Will Sponsor
Dist	Party	First Name	Last Name	City	Q1	Q2	Q3	Q4	Q5	Q6	Q7
1	Democratic	Luz	Robles	Salt Lake City
1	Republican	Chelsea	Woodruff	Salt Lake City		Y	Y	Y		Y	Y+
6	Republican	Wayne	Harper	West Jordan
6	Democratic	John	Rendell	West Jordan
7	Republican	Deidre	Henderson	Spanish Fork
8	Republican	Brian	Shiozawa	Cottonwood Heights
8	Democratic	Josie	Valdez	Murray
10	Republican	Aaron	Osmond	South Jordan
13	Republican	Mark	Madsen	Lehi
14	Republican	John	Valentine	Orem
16	Democratic	Gregory	Duerden	Provo
16	Republican	Curt	Bramble	Provo
19	Libertarian	Courtney	White	Ogden	Y+	Y+	Y+	Y+	Y+	Y+	Y+
19	Republican	Allen	Christensen	North Ogden
19	Democratic	Peter	Clemens	North Ogden	Y	Y	Y	Y	Y	Y	N
20	Democratic	Brent	Andrews	Sunset	Y+	Y+	Y+	Y+	Y+	Y+	Y+
20	Republican	Scott	Jenkins	Plain City	Y	Y	Y	Y	Y	Y	Y
23	Democratic	Breck	England	Bountiful
23	Republican	Todd	Weiler	Woods Cross
24	Constitution	Trestin	Meacham	Richfield
24	Republican	Ralph	Okerlund	Monroe
25	Republican	Lyle	Hillyard	Logan
27	Republican	David	Hinkins	Orangeville
27	Democratic	Mike	Binyon	Moab
28	Republican	Evan	Vickers	Cedar City
28	Democratic	Geoffrey	Chesnut	Enoch
29	Republican	Steve	Urquhart	St. George
29	Democratic	Terence	Moore	Santa Clara
State House
1	Constitution	Becky	Maddox	Brigham City
1	Republican	Ronda	Menlove	Garland
1	Democratic	DeLoy	Mecham	Brigham	Y	Y+	Y	Y	Y	Y	Y
2	Republican	David	Lifferth	Eagle Mountain
3	Democratic	Roger	Donohoe	Hyde Park	Y	Y+	Y	Y			N
3	Republican	Jack	Draxler	North Logan
4	Democratic	Doug	Thompson	Logan
4	Republican	Edward	Redd	Logan
5	Republican	Curt	Webb	Providence
5	Democratic	Al	Snyder	Mendon
6	Republican	Jake	Anderegg	Lehi
6	Democratic	Gabrielle	Hodson	Lehi
7	Republican	Ryan	Wilcox	Ogden
7	Democratic	Linda	Protzman	North Ogden
8	Democratic	Nick	Velis	Ogden	Y	Y+	Y	Y	N	Y+	Y+
8	Republican	Gage	Froerer	Huntsville
8	Libertarian	Jared	Stratton	Ogden
9	Democratic	Neil	Hansen	Ogden	Y	Y	Y	Y+	Y		N
9	Republican	Jeremy	Peterson	Ogden
10	Democratic	Christopher	Winn	Ogden
10	Republican	Dixon	Pitcher	Ogden
11	Democratic	Pamela	Udy	South Weber	Y	Y		Y	Y	Y
11	Republican	Brad	Dee	Washington Terrace
12	Democratic	Benjamin	Pales	West Haven	Y	Y	Y	Y+	Y	Y+
12	Republican	Richard	Greenwood	Roy	Y	Y	Y	Y	N	Y	N
13	Democratic	Bradley	Asay	Clinton
13	Republican	Paul	Ray	Clinton
14	Republican	Curtis	Oda	Clearfield
14	Democratic	Jon	Christensen	Syracuse
15	Republican	Brad	Wilson	Kaysville
15	Democratic	Gibbs	Smith	Kaysville
16	Republican	Steve	Handy	Layton
16	Libertarian	Kevin	Bryan	Layton	Y+	Y	Y	Y+	Y	Y	Y
16	Democratic	Douglas	Sill	Layton
17	Republican	Stewart	Barlow	Fruit Heights
17	Democratic	Bonnie	Flint	Fruit Heights
18	Democratic	Doug	Macdonald	Framington
18	Republican	Roger	Barrus	Centerville
19	Democratic	Lynn	Anderson	Bountiful
19	Republican	Jim	Nielson	Bountiful
20	Republican	Becky	Edwards	North Salt Lake
20	Democratic	Daniel	Donahue	N. Salt Lake
21	Constitution	William	Bodine	Tooele	Y	Y	Y	Y	Y	Y	Y
21	Republican	Douglas	Sagers	Tooele
21	Democratic	David	Swan	Tooele
22	Constitution	Marilee	Roose	Magna
22	Americans Elect	Kenneth	Froehle	Magna
22	Democratic	Susan	Duckworth	Magna
23	Democratic	Jen	Seelig	Salt Lake City
23	Republican	Richard	Barnes	Salt Lake City
24	Republican	J. P.	Hughes	Salt Lake City	N	N	N	N	Y	Y	Y
24	Democratic	Rebecca	Chavez-Houck	Salt Lake City
25	Republican	Sinama	Meli	Salt Lake City
25	Democratic	Joel	Briscoe	Salt Lake City
26	Democratic	Angela	Romero	Salt Lake City
26	Republican	Andres	Paredes	Salt Lake City
26	Green	Mark	Whitaker	Salt Lake City	Y	Y	Y	Y	Y	Y	Y
27	Republican	Mike	Kennedy	Alpine
27	Constitution	Scott	Morgan	Draper
28	Democratic	Brian	King	Salt Lake City
28	Republican	Rick	Raile	Salt Lake City
29	Republican	Lee	Perry	Perry
29	Democratic	Heidi	Bitton	Ogden	Y	Y	Y	Y		Y	Y+
30	Republican	Fred	Cox	West Valley City	Y	Y	N	Y	N	Y	Y
30	Democratic	Janice	Fisher	West Valley City
31	Democratic	Larry	Wiley	West Valley City
31	Republican	Fred	Johnson	West Valley City	Y	Y	Y	Y	Y	Y	Y
32	Democratic	Alain	Balmanno	Sandy
32	Republican	LaVar	Christensen	Draper
33	Republican	Craig	Hall	West Valley City
33	Democratic	Liz	Muniz	West Valley City
34	Democratic	Celina	Milner	Taylorsville
34	Republican	Johnny	Anderson	Taylorsville
35	Democratic	Mark	Wheatley	Murray
35	Republican	Casey	Fitts	South Salt Lake
35	Libertarian	Chelsea	Travis	Midvale	Y	Y	Y	Y	Y	Y	Y
36	Democratic	Patrice	Arent	Salt Lake City
36	Republican	Dana	Dickson	Salt Lake City
37	Republican	Anne-Marie	Lampropoulos	Holladay
37	Democratic	Carol	Spackman Moss	Holladay
38	Democratic	Elias	McGraw	Kearns
38	Republican	Eric	Hutchings	Kearns	Y	Y	Y	Y	Y	Y	Y
39	Democratic	Barbara	Eubanks	Taylorsville
39	Republican	Jim	Dunnigan	Taylorsville
40	Democratic	Lynn	Hemingway	Salt Lake City
40	Republican	Grace	Sperry	Salt Lake City
41	Republican	Dan	McCay	Riverton
42	Republican	Jim	Bird	West Jordan
43	Republican	Earl	Tanner	Salt Lake City
43	Democratic	Jeff	Bell	West Jordan
44	Republican	Christy	Achziger	Murray
44	Democratic	Tim	Cosgrove	Murray
44	Unaffiliated	John	Jackson	Sandy
45	Democratic	Gary	Forbush	Sandy
45	Republican	Steve	Eliason	Sandy
46	Republican	Wyatt	Christensen	Cottonwood Heights
46	Democratic	Marie	Poulson	Cottonwood Heights
47	Republican	Ken	Ivory	West Jordan
47	Libertarian	Chase	Lantis	West Jordan	Y	Y	Y	Y	Y	N	Y
47	Democratic	Joseph	Huey	West Jordan
48	Republican	Keven	Stratton	Orem
49	Republican	Derek	Brown	Salt Lake City
49	Democratic	Mark	Quigley	Sandy
50	Democratic	Billie	Larson	South Jordan
50	Republican	Rich	Cunningham	South Jordan
51	Republican	Greg	Hughes	Draper
51	Democratic	Sonja	Jorgensen	Draper
52	Unaffiliated	Aaron	Davis	Herriman
52	Democratic	Daniel	Paget	Herriman
52	Republican	John	Knotwell	Herriman	Y	Y	Y	Y	Y	N	Y+
53	Republican	Melvin	Brown	Hoytsville
54	Republican	Kraig	Powell	Heber City
54	Democratic	Chris	Robinson	Park City
55	Republican	John	Mathis	Vernal
56	Democratic	Leslie	Dalton	American Fork
56	Republican	Kay	Christofferson	Lehi	Y	Y	Y	Y			Y
57	Democratic	Scott	Gygi	Pleasant Grove
57	Republican	Brian	Greene	Pleasant Grove	Y+	Y+	Y	Y	Y		Y+
58	Republican	Spencer	Cox	Fairview
59	Republican	Val	Peterson	Orem
59	Constitution	Benjamin	Norton	Orem	Y+	Y+	Y+	Y+	Y+	Y+	Y+
59	Libertarian	Kenny	Barlow	Orem	Y	Y	Y	Y	Y	Y	Y
60	Democratic	Emmanuel	Kepas	Orem	Y	Y	N	Y	N	Y	N
60	Republican	Dana	Layton	Orem
61	Democratic	Robert	Patterson	Provo
61	Republican	Keith	Grover	Provo
62	Democratic	Brent	Holloway	St. George
62	Republican	Jon	Stanard	St. George
63	Republican	Dean	Sanpei	Provo
64	Democratic	Boyd	Petersen	Provo	Y	Y	Y	Y	Y	Y	N
64	Republican	Becky	Lockhart	Provo
65	Constitution	Ken	Bowers	Spanish Fork	Y	Y	Y+	Y+	Y+	Y+	Y+
65	Republican	Francis	Gibson	Mapleton
66	Democratic	Brian	Hauglid	Spanish Fork	Y	Y	Y	Y	Y	Y	Y
66	Republican	Mike	McKell	Spanish Fork
67	Democratic	Scott	Parkin	Santaquin
67	Republican	Marc	Roberts	Santaquin
68	Constitution	Paul	McCollaum	Abraham
68	Democratic	Thomas	Nedreberg	Eureka
68	Republican	Merrill	Nelson	Grantsville
69	Republican	Jerry	Anderson	Price
69	Democratic	Christine	Watkins	Price
70	Democratic	Wayne	Hoskisson	Moac
70	Republican	Kay	McIff	Richfield
70	Constitution	L. S.	Brown	Richfield
71	Democratic	Billy	Kehl	St. George
71	Republican	Brad	Last	Hurricane
71	Constitution	Paul	Sevy	Virgin	Y	Y	Y	Y	Y	Y	Y
72	Republican	John	Westwood	Cedar City
72	Libertarian	Barry	Short	Cedar City	Y	Y+	Y	Y	Y	Y
73	Utah Justice Party	Ty	Markham	Torrey
73	Republican	Michael	Noel	Kanab
74	Democratic	Lee Ann	Riddoch	St. George
74	Republican	Lowry	Snow	Santa Clara
75	Constitution	Randall	Hinton	St. George
75	Republican	Don	Ipson	St. George
75	Democratic	Cimarron	Chacon	St. George

Obama: Half-black but all Democrat

By: Ann Coulter
10/24/2012 05:12 PM

RESIZE: AAA

Print294

New York can be a lonely and desolate city. My only date on this rainy Tuesday night is Chris Matthews — the last liberal left who will still talk to me about race. The rest of the Non-Fox Media are lying in wait, hoping I’ll disappear so they can revive the old chestnuts about racist Republicans again.
Among many such myths, there’s Reagan’s Philadelphia speech, George W. Bush’s speech at Bob Jones University, someone yelling “Kill him” at the mention of Barack Obama’s name at a Sarah Palin rally, tea partiers calling Rep. John Lewis the N-word, Scott Brown’s red pickup truck, dog whistles, code words, and on and on and on.
All of these myths are disproved in my book, “Mugged: Racial Demagoguery From the Seventies to Obama.” You should brush up on the facts because liberal lies never die. They just hide from the light like cockroaches and rush back out after dark.
Since my book came out, MSNBC, the Official Network for Racism Detection, has moved on from trying to convince black people that Republicans are promoting slavery and segregation to trying to convince women that Republicans plan to redefine rape and ban contraception.
Just two months ago, Lawrence O’Donnell was accusing Sen. Mitch McConnell of racism for saying Obama “has been working to earn a spot on the PGA Tour.” (What IS it about black people and golf? It’s such a dusty old stereotype!)
When most people think of golf, they think of the single whitest sport in the world, after polo. A few years ago, a PGA reference would have been made by Democrats only in order to sneer about elitist, country club Republicans.
But according to O’Donnell, McConnell was trying to align “the lifestyle of Tiger Woods with Barack Obama.” Liberals feel they have the right to say what symbols mean, which can change at will, according to circumstances.
These days, even O’Donnell is off the racism beat. He has been reduced to challenging Tagg Romney to a fight — from the safety of his television studio.

Only Chris Matthews is still on racism patrol. After the third presidential debate on Monday night, Matthews said that conservatives and “the white working class in the South” have a “racial hatred” for Obama. Why, Chris is so crazy about black people, he’s even considering hiring one someday to work on his show! Not yet, but soon.
Liberals always cry racism in moments of stress, so it’s understandable that Matthews would lash out. It must be very stressful seeing Obama go down in the polls even following the debates he allegedly won.
With the economy in the toilet and the Islamic world on fire, when Obama appears in person it’s even worse than if he were sleeping. That’s why — contrary to popular belief — the first debate was Obama’s best performance.
Perhaps if liberals hadn’t coddled Obama his entire life, giving him college acceptance letters, standing ovations and Nobel Peace prizes just for showing up, he would have been more prepared to debate someone a little more challenging than John McCain.
It’s hard to evaluate Matthews’ slander inasmuch as it contains no facts. But if it’s conservatives and “the white working class in the South” who are burning with racial hatred, why don’t white liberals ever vote for black representatives in their own congressional districts?
Black Democrats apparently can get elected to Congress only from majority black districts, whereas black Republicans are always elected from majority white districts: Gary Franks, J.C. Watts, Tim Scott, Allen West and (we hope!) Mia Love.
How come white liberals won’t vote for a black representative? Why can’t a black person represent Nita Lowey’s district?
Democrats do nothing for black Americans except mine them for votes, ginning them up with tall tales about racist Republicans. This week, a guest on MSNBC said that Republicans’ idea of foreign policy is to go to war with “one of those brown countries over there.”
This is in contradistinction to Obama, who simply wants to impoverish the brown people over here. Have you seen the black unemployment rates lately? (They’re hard to notice, since the NFM keeps them hidden in that vast warehouse with the Ark of the Covenant.)
The august New York Times recently explained that illegal immigration has no effect on unemployment because illegal immigrants compete only with “native-born workers without a high school diploma.”
As noted by Vanderbilt law professor Carol Swain, author of “Debate Immigration,” that means black workers. Illegal immigration, she says, harms blacks “the most because they’re disproportionately low-skilled.”
In liberals’ view, blacks don’t count. They aren’t — in the Times’ words — “the bulk of native workers.”
According to the Times, Obama’s black supporters were dismayed at a White House meeting last year when cards were passed out to campaign donors with talking points about how Obama had helped various groups. There were cards for women, Jews, gays and lesbians. But no talking points for how Obama had helped black Americans.
So Joe Biden tells a black audience that Romney wants to “put y’all back in chains,” and MSNBC hosts claim opposition to Obama’s re-election is based on “racial hatred,” and the Democrats believe their work is done.

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Tolerance is Evil

Let me preface my remarks with a Christian post to the National Catholic Register:

The Tolerance Deal Is Broken
National Catholic Register ^ | 8/6/2012 | Patrick Archbold 

Posted on Mon Aug 06 2012 08:33:43 GMT-0600 (Mountain Daylight Time) by marcbold

Among all the words in a language already so battered and bruised as to almost become unrecognizable, one word stands out for having taken the brunt of the beating.

Tolerance.

Tolerance has been so misshapen by the abuse that many people think that it means something opposite to its nature. After all injustice the word has suffered, I am unsure if it can or even should survive. Nevertheless, I wish to testify to its true meaning, even if in eulogy.

So let us begin with the basics. Contrary to what you may have heard, tolerance of its own can never be a good thing. By its nature, tolerance means abiding a bad thing. Even in our diminished capacity, nobody would say that they tolerate something good. One doesn't tolerate ice cream. One tolerates liver.

Metaphors aside, to tolerate is to abide something wrong, something in error, something evil.

Now many people today would have you believe that tolerance is the highest of the civic virtues, but it is not and never can be. Abiding evil can never be a virtue in and of itself and therefore it can never be demanded of anyone, least of all a Christian.

There are many reasons Christians may legitimately tolerate error, but they all must have one thing in common, the good of the sinner. We sometimes tolerate such error in the hopes that eventual realization of the folly will lead to repentance and eventually to truth. But there are also some errors and actions that cannot and must not be tolerated for the good of the sinner and the good of society.

In a pluralistic society such as ours, we have wisely limited the power over government to be intolerant toward religion...

=============================

I am tired of being tolerant.  I am tired of tolerating niggers on welfare that refuse to go to school.  I am tired of illegal aliens getting any benefit of any kind as a reward for coming here illegally.  Actually, I am tired of seeing an illegal alien alive.

It is time that Americans stand up and declare that tolerance is OVER.  Illegal aliens should be shot on sight as they cross the border, or later.  Niggers call each other niggers and it is time for all people to address blacks as niggers.  As long as niggers can call whites crackers, we can call them niggers.

It is time to demand that law enforcement arrest illegal aliens.  Any police officer refusing to make the arrest should be fired and banned for life from working in the public sector.

It is time to call queer fags what they are.  They are mentally deranged individuals that do not know what sex they are or what sex to mate with.  We should not offer them any additional rights just because they are queer. 

Candy Crowley should be fired

The fact that the "fat crow" (Candy Crowley) had a job after the debate proves that CNN has absolutely NO interest whatsoever in reporting UNbiased news.  Some could argue that the fat crow's interruption of Romney telling the truth was an act of treason that could potentially permanently ruin the United States and that therefore, Candy Crowley should be given the death penalty for treason. 

CNN has always been a liberal queer loving channel, often referred to as the Communist News Channel.  By allowing the fat crow to work even 5 seconds after her treasonous act puts CNN in the laughable parody opinion channel group of cheerleaders for Blacks for Poverty and Slavery as suggested by the human imposter President Obongo.

Now that CNN has indicated that their news is not to be taken seriously, but rather just so much propaganda as is the case with MSNBC, any person that watches CNN is complicit in the crow's treason and should be considered anti-American.

Warnings That A Massive Stock Market Crash Is Imminent

---

Warnings That A Massive Stock Market Crash Is Imminent

Michael Snyder
The Economic Collapse
Oct 4, 2012
In the financial world, the month of October is synonymous with stock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching.

We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic. Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiatinganother round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be explained in detail toward the end of the article. Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point. Those on the wrong end of the coming crash are going to be absolutely wiped out.
A lot of people focus on the month of October because of the history of stock market crashes in this month. This history was detailed in a recent USA Today article….
When it comes to wealth suddenly disappearing, October can be diabolically frightful. The stock market crash of 1929 that led to the Great Depression occurred in October. So did the 22.6% plunge suffered by the Dow Jones industrial average in 1987 on “Black Monday.”
The scariest 19-day span during the 2008 financial crisis also went down in October, when the Dow plunged 2,675 points after investors fearing a financial collapse went on a panic-driven stock-selling spree that resulted in five of the 10 biggest daily point drops in the iconic Dow’s 123-year history.
So what will we see this year?
Only time will tell.
If a stock market crash does not happen this month or by the end of this year, that does not mean that the experts that are predicting a stock market crash are wrong.
It just means that they were early.
As I have said so many times, there are thousands upon thousands of moving parts in the global financial system. So that makes it nearly impossible to predict the timing of events with perfect precision. Financial conditions are constantly shifting and changing.
But without a doubt another major financial collapse similar to what happened back in 2008 (or even worse) is on the way. Let’s take a look at some of the financial experts that are predicting really bad things for our financial markets in the months ahead….
Doug Short
According to Doug Short, the vice president of research at Advisor Perspectives, the stock market is somewhere between 33% and 51% overvalued at this point. In a recent article he offered the following evidence to support his position….
● The Crestmont Research P/E Ratio (more)
● The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)
● The Q Ratio, which is the total price of the market divided by its replacement cost (more)
● The relationship of the S&P Composite price to a regression trendline (more)
Peter Schiff
Peter Schiff, the CEO of Euro Pacific Capital, has been one of the leading voices in the financial community warning people about the crisis that is coming.
During a recent interview with Fox Business, Schiff stated that the massive financial collapse that we witnessed back in 2008 “wasn’t the real crash” and he boldly declared that the “real crash is coming”.
So is Schiff right?
We shall see.
Robert Wiedemer
Economist Robert Wiedemer warned people what was coming before the crash of 2008, and now he is warning that what is coming next is going to be even worse….
“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”
Harry Dent
Financial author Harry Dent believes that the stock market could fall by as much as 60 percent in the coming months. He is convinced that stocks are hugely overvalued right now….
“We have the greatest debt bubble in history. We will see a worldwide downturn. And when you are in this type of recessionary environment stocks should be trading at five to seven times earnings.”
So are these guys right?
We shall see.
But I do find it interesting that some of the biggest names in the financial world are currently making moves as if they also believe that a massive financial crisis is coming.
For example, as I have written about previously, George Soros has dumped all of his holdings in banking giants JP Morgan, Citigroup and Goldman Sachs.
Infamous billionaire hedge fund manager John Paulson, the man who made somewhere around 20 billion dollarsbetting against the U.S. housing market during the last financial crisis, is making massive bets against the euro right now.
So where are these financial titans putting their money?
According to the Telegraph, both of these men are pouring enormous amounts of money into gold….
There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).
Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.
At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.
So why would they do this?
Why would they pour millions upon millions of dollars into gold?
Well, it would make perfect sense to put so much money into gold if a massive financial crisis was coming.
So is the next financial crisis imminent?
We will see.
Most “financial analysts” that appear in the mainstream media would laugh at the notion that a stock market crash is imminent.
Most of them would insist that everything is going to be perfectly fine for the foreseeable future.
In fact, most of them are convinced that quantitative easing is going to cause stocks to go even higher.
After all, isn’t quantitative easing supposed to be good for stocks?
Didn’t I write an article just last month that detailed how quantitative easing drives up stock prices?
Yes I did.
So how can I be writing now about the possibility of a stock market crash?
Aren’t I contradicting myself?
Not at all.
Let me explain.
The first two rounds of quantitative easing did indeed drive up stock prices. The same thing will happen under QE3, unless the effects of QE3 are overwhelmed by a major crisis.
For example, if we were to see a total collapse of the derivatives market it would render QE3 totally meaningless.
Estimates of the notional value of the worldwide derivatives market range from 600 trillion dollars all the way up to 1.5 quadrillion dollars. Nobody knows for sure how large the market for derivatives is, but everyone agrees that it is absolutely massive.
When we are talking about amounts that large, the $40 billion being pumped into the financial system each month by the Federal Reserve during QE3 would essentially be the equivalent of spitting into Niagara Falls. It would make no difference at all.
Most Americans do not understand what “derivatives” are, so they kind of tune out when people start talking about them.
But they are very important to understand.
Essentially, derivatives are “side bets”. When you buy a derivative, you are not investing in anything. You are just gambling that something will or will not happen.
I explained this more completely in a previous article entitled “The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System“….
A derivative has no underlying value of its own. A derivative is essentially a side bet. Usually these side bets are highly leveraged.
At this point, making side bets has totally gotten out of control in the financial world. Side bets are being made on just about anything you can possibly imagine, and the major Wall Street banks are making a ton of money from it. This system is almost entirely unregulated and it is totally dominated by the big international banks.
Over the past couple of decades, the derivatives market has multiplied in size. Everything is going to be fine as long as the system stays in balance. But once it gets out of balance we could witness a string of financial crashes that no government on earth will be able to fix.
Five very large U.S. banks (including Goldman Sachs, JP Morgan and Bank of America) have combined exposure to derivatives in excess of 250 trillion dollars.
Keep in mind that U.S. GDP for 2011 was only about 15 trillion dollars.
A D V E R T I S E M E N T

So we are talking about an amount of money that is almost inconceivable.
That is why I cannot talk about derivatives enough. In fact, I apologize to my readers for not writing about them more.
If you want to understand the coming financial collapse, one of the keys is to understand derivatives. Our entire financial system has been transformed into a giant casino, and at some point all of this gambling is going to cause a horrible crash.
Do you remember the billions of dollars that JP Morgan announced that they lost a while back? Well, that was caused by derivatives trades gone bad. In fact, they are still not totally out of those trades and they are going to end up losinga whole lot more money than they originally anticipated.
Sadly, that was just the tip of the iceberg. Much, much worse is coming. When you hear of a major “derivatives crisis” in the news, you better run for cover because it is likely that the entire house of cards is about to start falling.
And don’t get too caught up in the exact timing of predictions.
If a stock market crash does not happen this month, don’t think that the storm has passed.
A major financial crisis is coming. It might not happen this week, this month or even this year, but without a doubt it is approaching.
And when it arrives it is going to be immensely painful and it is going to change all of our lives.
I hope you are ready for that.