Friday, May 30, 2014

Howland to be Honored by Court of Champions

Meet Directive 3025.18 Granting Obama Authority To Use Military Force Against Civilians

Why America is in decline

U.S. Gasoline Consumption Plummets By Nearly 75%
When we look at the EIA’s “gasoline consumption” numbers, and when we see the St. Louis Fed’s chart of the U.S. velocity of money (heartbeat of the U.S. economy); we don’t see an economy which is dying. We see an economy which is already dead.

U.S. Food Inflation Running at 22%

Legend Says Markets Pushed Higher To Conceal “Grave Danger”

Thursday, May 29, 2014

Our "Make It Look Good" Economy Has Failed

S&P 500 Pushes To All Time Highs On First Economic Contraction In Three Years

Excluding Obamacare, US Economy Contracted By 2% In The First Quarter

US Economy Shrank By 1% In The First Quarter: First Contraction Since 2011

Gee, what a surprise.  Revisions of GDP data are always downward.  It must be due to the weather.

Why is Putin in Washington’s Crosshairs?

The Shocking Real Reason for FATCA, and What Comes Next

Wednesday, May 28, 2014

How We All Miss the Point on School Shootings

U.S. Gold Holdings Close to Zero-Rob Kirby

The Malinvestment Boom In Coders

The echo boom in tech is about to bust.

Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

Here's some background on the comment about China officially announcing their gold reserves (see article link below).  Previous to 2009, China's central bank officially only had a few hundred tons of gold reserves.  After accelerating their buying programs, they announced they had accumulated 1054 tons in 2009.  This was one of the reasons why gold prices surged even higher into 2011 to an all-time high of $1923/oz.

Since that official announcement, the Chinese have been methodically adding to their reserves (some analysts would describe the buying as furious).  Recent estimates of Chinese gold holdings from observers at Swiss refiners, COMEX and ETF vaults, and Hong Kong and Shanghai exchanges range from 4,000 - 6,000 tons.  Some theorize it is not only western central banks (specifically the Fed and the Bank of England) and their bullion bank proxies suppressing the price of gold (in order to mask the debasement of the USDollar), but the Chinese are also suppressing prices in order to buy physical gold bullion at lower prices.

In essence, the western banks naked short paper gold contracts, artificially driving down spot prices, while Chinese (as well as Indian, Russian, Asian, and Middle Eastern) buyers are snapping up physical gold at discounted prices.  This blowback emptying of vaults will ultimately doom the economies of the bankrupt western world, signifying the largest wealth transfer in history from the western economies to the eastern.

The take away message is if and when the Bank of China officially announces their gold reserves, the tonnage will be so high that markets will react violently and bid up the price of gold again, as it did in 2009.

Tuesday, May 27, 2014

"The Death of Money": Q&A with James Rickards

The Myth of the Climate Change '97%',7,121,122,201,401,641,1009

Exxon, BP Defy White House; Extend Partnership With Russia

The largest energy companies are thumbing their nose at US economic sanctions against Russia.

China Invites Top Foreign Banks to Global Gold Exchange

Shanghai wins, New York and London lose.

Western Bullshit & Propaganda As Putin Dominates The West

How The Really "Smart" Money Wins

...or how to turn $600,000 into $6,250,000 illegally and get away with it since the feckless SEC enables fraud instead of regulating it.

Here Is The Mystery, And Completely Indiscriminate, Buyer Of Stocks In The First Quarter

Bad Credit No Problem as Balance-Sheet Bombs Rally 94%
In the U.S. equity market, the worse a company’s finances, the better it’s doing.

Stocks with the weakest balance sheets have climbed more than 8 percent in 2014 and 94 percent since the end of 2011, generating almost twice the gain in the Standard & Poor’s 500 Index (SPX) over that period, according to data compiled by Bloomberg and Goldman Sachs Group Inc.

Monday, May 26, 2014

Bill Black On Robbing Banks (From The Inside): "The Weapon Of Choice Is Accounting"

The Retail Death Rattle Grows Louder

How Bots Manipulated The Price Of Bitcoin Through "Massive Fraudulent Trading Activity" At MtGox

Kyle Bass: The Looming Crises in Asia

First Germany, Now Austria Demands An Audit Of Its Offshore Held Gold

Actually, Germany is not the first country to recently demand repatriation of their (non-existent) gold vaulted in other countries.  Venezuela was the first to demand and receive their gold from London.  Hugo Chavez then died, although the two events are (probably) unrelated.

James Rickards-Financial Collapse and Massive Shortages in Gold Coming
We’re just waiting for that catalyst that I call the snowflake that starts the avalanche.   You don’t worry about the snowflakes; you worry about the snow and that it’s unstable and it’s just waiting to collapse.

Rickards says the collapse will happen, but he is not sure of when it will come.  Rickards explains, “It is the thing you won’t see coming that will take the system down.  Things happen much more quickly than what investors expect.”  Rickards adds, “What will happen in gold is that it will chug along and then all of a sudden–boom.  It will be up $100 an ounce, and then the next day it will be up another $200 an ounce.  Then everyone will be on TV saying it’s a bubble—boom.  It’s up $300 an ounce, and before you know it, it will be up $1,000 per ounce.  Then people will say gee, I better get some gold, and they’ll find out they can’t get it because the big guy will get it.  You know, like central banks and sovereign wealth funds will be able to get the gold.  The typical investor will run down to the coin shop and they will be sold out, and the U.S. Mint will say sorry, we’re not shipping.  You’re going to find out you can’t get it because the whole thing is set up for massive shortages in supply.”

Russia’s Rise To Global Power — Paul Craig Roberts

Friday, May 23, 2014

Fractional-Reserve Banking: From Goldsmiths To Hedge Funds To…Chaos

Russia, China sign deal to bypass U.S. dollar

Another "impossible" conspiracy theory proven true:  China, Russia, other BRICS and emerging economies want to dump the dollar due to the Fed's continued debasement.  The US' economic sanctions against Russia have backfired and accelerated the demise of USDollar hegemony.

Paul Craig Roberts - Putin’s Threat Just Stunned U.S. & Europe

Absolutely Shocking Developments In The War In Gold & Oil

No inflation Friday: 42.4% increase in the price of being… poor?

Currency wars are heating up fast in a race to the bottom.  Then follow trade wars--and eventually military conflict.

How Russian Investors Made $90 Billion After US Sanctions

It pays to be a contrarian.

Hookers And Blow: How Changing The Definition Of GDP Officially Jumped The Shark

Barclays fined £26m for failings surrounding the London Gold Fixing and former Barclays trader banned and fined for inappropriate conduct

Barclays Fined For Manipulating Price Of Gold For A Decade; Sending "Bursts" Of Sell Orders

Anybody still think I'm a conspiracy theorist?  Of course, the illegal price suppression will continue as the big players are still in the game.  Governments won't prosecute themselves.  Anybody have anymore tin foil hats?
It would appear that Plunkett is indeed nothing more than another instance of "Kerviel" or "Tourre" - an irrelevant mid-level trader thrown at the wolves of public consumption just so the attention can be redirected from the real manipulation elsewhere, and much higher up.

This is hardly surprising, as we noted three days ago when we wrote about the Barclays head gold trader termination:

"Bottom line: just like the Silver Fixing which last week announced its winddown, the days of the 117-year-old Gold fix are numbered. But to preserve continuity of riggedness and manipulation, perhaps they can just outsource their job duties to the biggest manipulators of all: Bank of England, the Fed and, of course, the BIS."

So yes: it is now a fact that gold is manipulated by various commercial banks, and that those gold "raids" one sees every morning usually around the time of the London fix aren't accidental at all but are entirely designed to reprice the market, but how deeper does the rabbit hole go?
[FCA Director Tracy] McDermott added: “Firms should be in no doubt that the spotlight will remain on wholesale conduct and we will hold them to account if they fail to meet our standards.”
Alas, this is a lie - by handing Plunkett to the public on a silver platter, it simply means that the far bigger and more important players in the gold manipulation market - stretching all the way to central bank and, of course, bank of central bank level, will simply be allowed to continue business "as usual."

So for those who want the real people behind the real manipulation before they all scatter into the dust, we urge you to reread "From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold." Because the gold manipulation rabbit hole goes far, far deeper than just one single, solitary trader...

Write-down of two-thirds of US shale oil explodes fracking myth

I called this a few years ago.  As extraction rates rise, half-lives shrink.  It's not rocket science to understand that as drilling becomes more efficient and prodigious, the half-lives of the resource declines.

Down with the dollar, Petro-Ruble is on the rise! - Max Keiser is In the NOW

Wednesday, May 21, 2014

I'm a Fiat Slave, And So Are You

Russia And China Finally Sign Historic $400 Billion "Holy Grail" Gas Deal

US economic sanctions against Russia are impotent, as anticipated.  What most casual observers don't realize however, is these so-called sanctions will only backfire on the US as the demise of USDollar hegemony accelerates.
To conclude with the traditional geopolitical balance of power summary: Putin wins (again), Obama loses (again), and the monument to the dollar's status as world's reserve currency gets yet another tarnishing blow.

More on the Belgium Treasury Purchase

Smoking gun of Belgium purchases of US Treasury bonds...

Ex-White House Official On China/Russia Alliance & Gold

Dollar Collapse Starts in Late 2014-Charles Nenner Dollar Collapse Starts in Late 2014-Charles Nenner

Tuesday, May 20, 2014

Russia’s VTB and Bank of China agree on domestic currency settlements

Another nail in the coffin of USDollar hegemony.

Russia & China: ‘No to sanctions rhetoric, regime change in other countries’

The alliance between America's biggest enemies becomes stronger thanks to bone-headed US foreign policies and economic sanctions.  Congratulations.

Monday, May 19, 2014


Former Prime Minister Of Malaysia Accuses CIA Of Covering Up MH-370 Disappearance

Thailand Army Declares Martial Law

As long as the Fed keeps printing US Dollars and provides dollar swaps with foreign central banks, the dollar will continue to be debased.  This causes food prices to rise globally, and causing social unrest and tension domestically and offshore.

Richard Russell - I’m Afraid We’ll See Blood Spilled In America

China pivot fuels Eurasian century

Russia-China ties at highest level in history – Putin

The USDollar will be toast.

Gold 'Wins' Out In The End: Ron Paul

Behind The Mainstream Media Lies, People Are Suffering,_People_Are_Suffering.html

People Are In Danger Of Suffering Catastrophic Losses

Welcome to the Third World, Part 15: Insurance Agents Lose Their Health Coverage

A good friend of mine is an independent healthcare insurance agent who believes he will be out of business in a few years due to Obamacare.  It sounds like it has already happened to some independent reps.

A Forgotten Friend: Gold Investors Should Welcome The Bengal Tiger

Why They Hate Peace
"Naturally, the common people don’t want war; neither in Russia, nor in England, nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country." - Hermann Goering, Nazi war criminal at the Nuremberg trials

Friday, May 16, 2014

Wanna Be A Great Trader? Size Matters... Finger Size

Cities All Over America Are Becoming Extremely Cruel To The Homeless

Meet The Man Who Killed Keystone

France's Sale Of Warships to Russia Shows Why The West Can't Stop Putin

Another US "ally" abandons ship--literally, by selling to the Russkies.  Putin is running circles around his western adversaries.  He's taken advantage of the fact that this new cold war has interdependent trading partners, and oil money talks--especially in a resource-constrained world.

On the other hand, the US is stuck in 1980's dogma.

Slovak PM: Russia says gas to Europe will stop if Kiev does not pay

As we predicted, Putin is playing his trump card.

Thursday, May 15, 2014

USDA: Firearms

When The Head Of The European Central Bank Lies To Zero Hedge On The Record: Presenting Europe's "Plan Z"

European Central Bank President Mario Draghi lied?  Nah, get out of here...

Eric Sprott: Gold Shortage Coming, Data Shows

How Malinvestment Poisons the Entire Economy

Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion

This is speculation, but with the Fed tapering QE to keep the inflationistas at bay, it is now masking its purchasing of US Treasuries by using Belgium as its purchasing agent.  Without this artificial demand, the US Treasury bond market would collapse, interest rates would soar, and the insolvent US Treasury would be bankrupt overnight.

Think about it:  would you lend money at 2-3% bond yields and tying up your money for 10 - 30 years knowing the borrower's income is $17 trillion, with official debt of $17 trillion, and off-balance, unfunded debt obligations greater than $222 trillion?

Wake up, America.

From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold

Wednesday, May 14, 2014

What Food Inflation?

Arab Spring 2.0.

Russia Holds "De-Dollarization Meeting": China, Iran Willing To Drop USD From Bilateral Trade

The History Of The London Silver Market Since 1600

The Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is Officially Dead

Will it be time to load up on silver in anticipation of the termination of the London Silver Fix on August 14, 2014?

For the sleepy-eyed, price manipulation--in this case, price suppression of precious metals is no longer a conspiracy theory.  It is conspiracy fact.

Gold's Bottom Coming - Charles Nenner Research

This guy does cyclical studies and someone I respect, because he's not exactly mainstream.  He thinks gold will re-test lows around $1150 next month, and silver will also re-test its lows in June.

He is long-term bullish on gold, believing gold will re-test its $1923 highs.  We don't know if he's right or wrong, but if you already have some precious metals, waiting until next month for the bottom to form--if it occurs, may be the right time to increase your holdings.

The fall and winter seasons are traditionally bullish for precious metals due to the Indian Diwali and wedding seasons, the holidays and Chinese new year.  A lull in June is not surprising.

On the other hand, if you have no precious metals exposure, consider layering in and buy an initial position now in case he is wrong.

The great deceiver: The Federal Reserve

Washington Is Driving The World To The Final War

Financial Destruction & The Last Great Systemic Earthquake

Tuesday, May 13, 2014

Russia: Historic 30-yr gas deal with China set to be signed next week

What Does The US Government Want in Ukraine?

Glenn Greenwald on the 2016 Elections – “They’ll Probably Have a Gay Person After Hillary”

Russia Retaliates: Blocks GPS, Bans US Use Of Its Rocket Engines

The Most And Least Expensive Places In The World For A Cheap Date

The Farce Is Complete: Joe Biden's Son Joins Board Of Largest Ukraine Gas Producer

And we thought the Bush's were bad.

Monday, May 12, 2014

Silver Is One Of The Best Buys On The Planet Today

Gold Infographic: The Eclipsing Demand Of The East

Bank Of America Would Like To Buy Your Gold, Seeing "No Gains Above $1315"

When Not Even The "1%" Can Afford College

Even the top 1% cannot afford college tuition--without going into debt.

Russia-China: When one door closes, another opens

Quiet revolution of the emerging countries

This an early signal of the end of USDollar hegemony.

Unprecedented Wealth Confiscation & The Disastrous Endgame
The elites know that we are in the final stages of a financial, mathematical black hole from which there is no escape.  Student loan rates in the high single digits and credit card levels in the 10-50-percent range are the ugly face of the wealth-consuming vacuum.  Unfortunately, as retirement accounts are being depleted and the middle class is being vivisected, the interest rate machine will have to be replaced by a more direct and ominous mechanism -- outright confiscation.

There are many tools with which to confiscate wealth. Property taxes have always been a favorite whether one is an owner or a renter.  There have recently been disturbing initiatives directed at the $17 trillion in U.S. retirement accounts as well as brokerage accounts in general.  Last week even the pope even came out in favor of wealth redistribution.  This was ironic coming from one of the wealthiest entities in human history, the heir to the apparatus of the Roman Empire.  One can only imagine what 2,000 years of donations and reinvestment would look like on their balance sheet.

Some amazing comments were made last week.  It is hard to tell whether it is just outright ignorance, propaganda, or both.  One of them was that falling productivity would be good for future hiring.  Another was that rising inventory levels were good for the economic outlook.  Last week we were told that a million people dropping out of the work force was great since the unemployment rate dropped.

We live in an economic insane asylum.  Imagine a business where management said that sales were flagging, inventories were growing, laid-off employees were filing more unemployment claims against the business, there was no money in the checking account other than what we borrowed at exponential rates, and everyone thinks “mission accomplished.”  It is bizarre and tragic.

At some point there will be an implosion of the monetary system.  Common sense tells us that it is inevitable, as do arithmetic and history.  Investors in gold and silver should not be attempting to predict the timing of the event, nor any specific magnitude.  It is about wealth preservation, pure and simple.  Regardless of the lies we are being told to the contrary, the bulk of humanity is making gold and silver an integral part of wealth preservation.  Stuffing money into overpriced real estate or artwork will prove a costly mistake.

Gold, silver, and the precious metals mining companies are the only absurdly undervalued assets on the planet and should continue to be considered for those wishing to survive the financial maelstrom ahead.

$1.4 Quadrillion Derivatives Meltdown, Chaos & $11,000 Gold

Thursday, May 8, 2014

Russia And The Ukraine – The Worrisome Connection To World Oil And Gas Problems

Visualizing The Broken Window Fallacy

Janet Yellen’s Bathtub Economics: Excuse Me Doctor—There’s Bubbles In That Tub!

America Is Headed For A Tragic Day Of Reckoning

Stunning Clip Of How Russia Is "Not" Preparing For Nuclear War

Austerity Strikes The Fed: Boston Reserve Bank Slashes 160 Jobs Due To US Treasury Cost-Cutting

Ron Paul 1 - Fed 0.

Tuesday, May 6, 2014

China, The Art Of War & An $80+ Surge In Silver,_The_Art_Of_War_%26_An_$80+_Surge_In_Silver.html

The Destabilizing Truth: Only the Wealthy Can Afford a Middle Class Lifestyle

The IMF Vs. The American People (Again)

And for those who didn't make the connection that a Fed-induced bailout of commercial banks from Europe and the US in 2008 was essentially a US taxpayer-led bailout, you have another chance to get angry after the fact. Because the IMF is essentially on the backs of US taxpayers also.

And The First Thing Ukraine Will Buy With IMF Money Is...

So the IMF will bail out Ukraine with $17 billion, which will be used to pay off their debts to Russia's energy companies--and to buy gold with.

Putin checkmates NATO and the US.

Gold industry shifts east as Dubai plans huge refinery, spot contract

New York and London are losing their grip on the physical gold markets--because their inventories are shrinking.

Russian Strategic Bombers Flying Along California Coast

Monday, May 5, 2014

Gold Vs The CRB Commodity Index

“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” - John Maynard Keynes

Why We’re No Longer Number One

The Good, And Bad News About US Jobs In One Chart

BRICS creating parallel Monetary Fund disillusioned with IMF and World Bank

Saturday, May 3, 2014

The "Shocking" Buying Spree Of America's Mysterious Third Largest Treasury Holder Ramps Higher

Russia, China, and Japan are now either net sellers or significantly reducing their purchases of US Treasury bonds, meaning the Fed is the buyer of last resort, right?  Yet, Belgium, an equally insolvent state, is loading up on US Treasuries.  Is it a coincidence that the European Union capital is in Brussels?

This whole Ponzi scheme of monetizing US Treasury debt is about to implode.

Friday, May 2, 2014

Paul Craig Roberts - U.S. Civil Unrest, Crisis & Decline,_Crisis_%26_Decline.html

Friday humor: you can’t make this stuff up

Jim Rickards Interview, April 17, 2014

Western Propaganda & The Road To A Catastrophic End

One Million People Dropped Out Of Labor Force In April: Participation Rate Plummets To Lowest Since 1978

At this trajectory, the official unemployment rate will drop to zero, but nobody will be working.

EU Commissioner Warns "Any 'Sensible' Person Should Oppose Further Russia Sanctions"

I've said this all along:  economic sanctions against Russia will hurt all its trading partners also--including oil exports to Europe, China, and India.  That's why Europe is universally against further sanctions against Putin's cronies--they don't want to see $200 per barrel of oil.  These are the same European countries who are allegedly US allies.

US foreign policy:  fail.

Paul Craig Roberts - U.S. To Collapse Just Like Rome

Roberts talks about ancient Rome debasing their silver currency by mixing in progressively larger amounts of lead.  Rome also "clipped" coins by making them smaller in size.

Today, the Fed creates fiat currency not with paper, but electronically.  This latest experiment in fiat will end like the rest of them...with tears.

Thursday, May 1, 2014

Two Days After Swearing Market Isn't Rigged, SEC Slaps NYSE Wrists For Rigging Markets

Furious Selling Slam Sends Silver Red For 2014: No Limits Triggered

"These takedowns in both gold and silver are designed to protect the 'full faith and credit' of the dollar.  There is no other reason.  If/when gold/silver trade at honest market prices, confidence in the US dollar will evaporate.  These non-profit takedowns protect the dollar by discouraging investment in alternate currencies, which is what gold/silver are--alternate currencies.  These prices are not real, of course, so with each takedown, the coil of true market price is wound even tighter, with even more energy being stored for a move to the upside.  Gold, followed by silver, is the enemy of paper money.  Ask yourself what gold at $thousands and silver at $hundreds would mean for the perceived value of paper money.  Ask yourself why gold and silver are the only two commodities on earth -- the only collectibles -- the only measures of worth -- that are not at 2014 inflation levels, but instead are at price levels more like 1980.   Ask yourself why 4 billion Asians trust gold/silver and not paper money.  If you believe there are no buyers, if you believe there is no robust demand, then talk to them. These price takedowns could not exist without braindead hedgies playing along, surrendering their money in the futures and options markets to the bullion banks, which are operatives of Central Banks.  Ask yourself why China/Russia/MidEast/India are gobbling up gold/silver and Americans are selling.  Then ask yourself which region will emerge/is emerging on top. Why will the US Fed/White House not allow an audit of Ft. Knox. It's because the truth would put them in the guillotine.  By the way, try buying real gold and silver from honest brokers at these prices.  You cannot." - Bardo63,
Thu, 05/01/2014 - 08:55 | 4715492 bardot63, zero hedge reader

Institutions Mislead The Public About Silver Investment Demand

Rampant Corruption Now Unstoppable In U.S. & The West