Saturday, March 31, 2012

South Carolina state treasurer's report notes gold and silver price suppression

A conspiracy theory isn't a conspiracy or a theory if it's true.

Market rigging gets too obvious even for Bill Buckler and Jim Grant

Financiers and Sex Trafficking

White House sees more pain for Iran as it clears way for further sanctions

Given how much crude oil China imports from Iran, methinks China won't take these trade sanctions lying down.  Those denying currency wars exist are in denial.

PC student tests forbid dance, dinos & lots more

Here's the article pertaining to the previous list of banned topics in NYC exams.

Full list of topics banned on NYC school exams

Friday, March 30, 2012

Gold Price Manipulation: Bullion, Gold Stocks Undervalued

Must Read: Jim Grant Crucifies The Fed; Explains Why A Gold Standard Is The Best Option

Incarceration Nation,9171,2109777,00.html

WSJ: Fed Buying 61 Percent of US Debt

In street parlance, this is called "Peter paying Paul", or among the less polite, a "Ponzi scheme".

BOK’s Dollar Holdings Fell to 60.5% of FX Assets in 2011

BRICS agree to local currency credits to ease dollar dependency

And thar she (will) blow...

Thursday, March 29, 2012

The [Recovery] Has No Clothes[recovery]-has-no-clothes/

Gold is Manipulated (But That's Okay)

Providence Bankruptcy Seen as Unavoidable on Budget Gap

When Meredith Whitney, the star analyst who presciently predicted the subprime mortgage collapse in 2008, also put out a forecast for a rash of municipalities to go bankrupt last year, she was labeled a one-hit wonder as the bankruptcies didn't materialize in significant numbers.  Well, as it turns out, she probably wasn't wrong--she was merely early.

Tuesday, March 27, 2012

Countries Swapping Billions & Transferring Oil Ahead of War

Fitzwilson provides some awesome geopolitical insight, and a subtle, but significant interpretation of Bernanke's head fake regarding QE.

On The Price Of Gold

The Great Escape: Delivering in a Delevering World

The world's biggest bond fund manager is telling investors to run towards commodities (or tangible assets).  Commodities are basically the antithesis of bonds, so readers may want to read up on Bill Gross' letter to shareholders before dismissing his investment thesis.

Sunday, March 25, 2012

An Annotated Paul Brodsky Responds To Bernanke's Latest Attempt To Discredit Gold
“First they ignore you, then they laugh at you, then they fight you, then you win.”
- Mohandas Karamchand Gandhi
"Our business, as fiduciaries, is allocating capital based on relative value within the macroeconomic environment we see as likely. In our opinion Mr. Bernanke’s lecture last Monday perpetuated bad or unimportant data, implied impossible outcomes, and was quite self-serving in its conclusions. His description of history was incomplete, his extrapolations were baseless, and his arguments were quite weak. (Ultimately we believe Fed policy will migrate -- or be suddenly reversed -- to meet the consequences of its current policies.)

As we pointed out only a few weeks ago following Warren Buffett’s unsolicited gold comments, (“Golden Boy”), and in December 2009 following Nouriel Roubini’s assertion that a gold bubble was about to pop (“Roubini Rebuttal”), gold is simply money - a savings (not investment) vehicle, a means of storing purchasing power in a time of paper money dilution. That’s it. Central banks compete directly with gold ownership because they manufacture competing savings vehicles in the form of baseless paper money. For the past twelve years global wealth holders have been converting their savings in increasing amounts from paper media of exchange (or financial assets denominated in them) to gold and natural resources. Why? Because central banks must dilute the purchasing power of their currencies to de-leverage the global banking system. 

They can’t dilute gold. Has anyone asked why so many powerful people are going out of their way to discredit an inert rock? We think it comes down to maintaining power and control over commercial economies. After professionally watching Fed chairmen cajole, threaten, persuade and manage sentiment in the markets since 1982, we argue this latest permutation is understandable, predictable and, for those willing to bet on the Fed’s ultimate success in saving the banking system (as we are), quite exciting. Gandhi’s quote above rings true. Gold is no longer being ignored and gold holders are no longer being laughed at. “The Powers That Be” seem to have begun a campaign to discredit gold."

Saturday, March 24, 2012

Gretchen Morgenson: Wall Street Really Does Enjoy a Different Set of Rules Than the Rest of Us

Tungsten filled Gold bars

More tungsten-filled fake gold bars have shown up, this time in the United Kingdom, instead of Germany.  This will prove to be the tip of the iceberg, as this gold bar came from a bank in London.  Who knows what is in those secret vaults globally?

For your information, as we reported in 2009, the reason why fake gold bars are filled with tungsten is due to the similar densities between gold and tungsten.  Hence, tungsten is often used to counterfeit fake gold bars.  Caveat emptor.

Inflation: Roman Empire vs. US

Clickon image to enlarge.

Fat Finger Halts, Unhalts AAPL Shares Which Hit $542.80

SkyNet is alive and well...

Sturm, Ruger & Company, Inc. Reports Strong First Quarter Bookings
Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.

Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer

I told you lemmings former MF Global CEO Corzine was a MF'er.  This guy is about to be MF'ed--and deservedly so.  This is HUGE.  I wonder how Obama and Biden intend to distance themselves from him now.  If this isn't a sure sign our financial system is circling the drain, then well, the blind are just blind.  THEY ARE ALL CROOKS!  Your beloved government leaders, your bankers, THE WHOLE DAMN CARTEL.

Why gas prices vary so much from one place to the next

Gold loses lustre in face of US recovery

Well, London's Financial Times just declared the end of gold's 11-year-old rally, and therefore the price of gold should now plummet.  In other words, they're warning us to "sell, sell, sell!"

I'm leaning towards buying this dip.

Friday, March 23, 2012

Thursday, March 22, 2012

(Lies)man vs. Santelli

FBI Director Can't Answer Basic Question About Due Process

The Ascendence of Sociopaths in US Governance

End of the Road documentary trailer

End of the Road Documentary Trailer from Tim Delmastro on Vimeo.

Catching The "Silver Crusher" Algorithm In The Act

Price manipulation at its finest--or more correctly, it's speediest.

1001 Moonless Kinetic Nights: Presenting The Windows Of Opportunity For An Iranian Attack

Turkish Government "Goes For Gold"; Seeks To "Transfer" Private Gold Holdings Into Bank System

This "polite confiscation" of citizens' gold will occur in the US--again, as it did in 1933, under Executive Order 6102, by Franklin Delano Roosevelt.  It's happening as we speak in Turkey.
For some Turks, the government will have to unveil a lot more sweeteners before they part with the family gold. 
Because what may not be apparent to a Princeton Ph.D., is more than obvious to a 70 year old housewife in Istanbul:
"I'm keen to save, so keeping gold at home is easy for me; there is no complicated procedure," said Ayten Altin, a 70-year-old housewife in Istanbul. "In an emergency, I can convert it to cash and I don't have to wait for the bank to say the asset has matured."

It’s All About Control

Gowdy: How Big Would Be Treasury Dept's Very Last Debt Ceiling Request?

Watch Treasury Secretary Geithner fidget in his chair while avoiding answering this very relevant question on the debt ceiling.

Dr.Kotlikoff has answered that question.  That number is north of $208 trillion.  That's with a "T".

Tuesday, March 20, 2012

Rick Rule - Oil Super-Spike Will Take Gold & Silver Higher

What Are the Dangers of Too Much Debt?

U.S. Exempts Japan, 10 EU Nations From Iran Oil Sanctions

It looks like the US has had to back off on its ban of countries buying oil from Iran.  Gee, how would the US like it if our "allies" banned us from buying oil from Venezuela and Saudi Arabia?  After gas prices soar to $20/gallon?  Threatening your trading partners to not buy oil is like telling them they can no longer breathe. Enter this in the Failed Threats bin.

Reality Check: The Fiat Dollar is the real reason for high gas prices

Monday, March 19, 2012

How To Cripple the Real Estate Market in Five Easy Steps

More than 20,000 California teachers pink-slipped

Gunboats, Super-Torpedoes, Sea-Bots: U.S. Navy Launches Huge Iran Surge

If it looks like a duck, quacks like a duck...

Obama Executive Order: Peacetime Martial Law!

I posted the National Defense Resources Preparedness Executive Order earlier.  Here's one person's take:

Pimco chief Mohamed El-Erian expects 'second Greece’ in Portugal

So much for ring-fencing in this debt contagion in Europe.

Far East set to double currency swap accord

That's funny:  I didn't read anything about the USDollar or the Euro in this article.

China yuan could be reserve currency with reform: IMF

To those who believed I had lost my marbles when I suggested the days of the USDollar as the global reserve currency are numbered, here's a press release from the IMF itself:

How do you like them apples?  I've also laid out the implications of such a scenario.  Since the alternative blogosphere is on high alert, I'll leave it up to the readers to connect the dots.  Hint: inflation isn't and won't be benign, despite what our government and media keep droning on about.

Saturday, March 17, 2012

As Retail Sells, Central Banks Wave Gold In With Both Hands

As the retail public (i.e. dumb money) sells their gold, the central bankers of emerging countries (i.e. crooked, smart money) buys gold hand over fist.

Marc Faber: The Perils of Money Printing's Unintended Consequences

“We Are This Far From A Turnkey Totalitarian State" - Big Brother Goes Live September 2013

Gold Standard… In Extremis?

Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran

Well, here we go:  first, the trade and foreign currency sanctions against Iran.  Now, Israel's intention for a preemptive attack on Iran.  I wonder how India, China, and Russia feel about all this, given Iran supplies them with oil.

Thursday, March 15, 2012

South African Gold Production Dives Again To 90 Year Lows

The Iceland Financial Renaissance Miracle Continues

Iceland is the most recent example of why a hard default--while extremely painful--is the only solution in solving the developed world's debt problems.  Iceland basically said "screw you" to its Dutch and English creditors (banks).  Greece is the example of what not to do--keep dragging it out until the Greeks choke on their debt.  But hey, we gotta save the bankers, right?

Gridlock in DC
This year Obama asked Congress for, and was given, an additional $1.2 trillion of borrowing authority, which will increase the debt limit to $16.4 trillion, just enough to get him past the 2012 election. It could be close, however. If budget projections prove to be overly optimistic, Obama could face another cliffhanger over a further increase in the debt ceiling in the midst of the presidential election in November. How embarrassing to have to say "re-elect me – and by the way, I need to borrow some more money to pay this month's bills."

Charting The Legacy Of The Baby Boomers

Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office

Singapore Seeks To Be Asian Bullion Hub With Tax Free Gold and Silver

Letter from an alleged JPMorgan whistleblower

We'll see if this is real or not.

Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage

We Have No Other Choice

CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing Organization

The canary in the coal mine:  the CME no longer wishes to be the clearinghouse for European derivatives.  If I were a holder of Greek credit default swaps, I would unload them before they turn into toilet paper--if they haven't already.  With the ISDA not acknowledging the 74% haircut in Greek bonds as a credit default "event", CDS holders basically own the equivalent of a life insurance policy of a corpse--only the coroner just declared the corpse a living and breathing entity.  So run along you bankers and hedge fund managers:  you hedged correctly, but we ain't paying out these insurance claims, because the patient ain't dead until we say it's dead.

Here's the problem:  the patient is dead.  And so it will be with the neighboring patients on life support as well.

Japan to purchase 65 billion yuan in China government debt

Despite the benign title, further reading of this article points to more evidence of another nail in the coffin for the USDollar in its role as the global reserve currency, and ultimately, its existence.
Japan said on Tuesday it had received approval from China's government to purchase 65 billion yuan ($10.3 billion) in Chinese government debt in a move that can help Japan diversify its reserves away from the dollar and strengthen economic ties between the two Asian countries.

Goldman Banker Quits In Disgust, Blasts Firm For "Ripping Off" Clients

Is the Greek Debt Problem Really Solved?

How Quickly Can Price Inflation Explode to the Upside?

16 SHTF Barter Items to Stockpile


Rule - $150 to $170 Oil, Gold, Fraud & Dangerous Times

Monday, March 12, 2012

Leeb - Warren Buffett Desperate & Policymakers Scared to Death

Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe

Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed

Here Comes FIATtackWatch: Ben "Big Brother" Bernanke Goes Watergate, Prepares To Eavesdrop On Everything Mentioning The Fed

The Audacity of Bonuses at MF Global

Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

The word "camouflage" comes to mind when reading about Fed swaps.

India to make 45% of Iran oil payments in rupees

Wait a minute:  India is an ally of the US.  Iran is an enemy of the US.  India and Iran are trading partners who no longer will use the USDollar as a common currency.  What's wrong with this picture?

Banks are using government loans to repay TARP

Peter is paying Paul.  And Joe Taxpayer ends up paying for all of it.

ISDA Says Greece In Default, CDS Will Trigger

In the most predictable event category: the ISDA finally declared Greece has defaulted.  The market's ho-hum response is also predictable.  But then again, markets yawned in 2008 initially.

New Proof the U.S. Dollar is No Longer "King"

Rubin Says He Has Too Many Dollars 13 Years After Departing U.S. Treasury

When the US has adopted a "strong Dollar policy"--yet the greenback continues to erode in value over the years, the average American citizen might want to sit up and take notice.

But when the former US Treasury Secretary is dumping USDollars in his own personal portfolio, the average American citizen might want to jump up and take notice.