http://www.keyt.com/sports/howland-to-be-honored-by-court-of-champions/26201556
Friday, May 30, 2014
U.S. Gasoline Consumption Plummets By Nearly 75%
http://www.bullionbullscanada.com/us-commentary/26530-us-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.
Thursday, May 29, 2014
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.
http://www.zerohedge.com/news/2014-05-29/us-economy-shrank-1-first-quarter-first-contraction-2011
http://www.zerohedge.com/news/2014-05-29/us-economy-shrank-1-first-quarter-first-contraction-2011
Wednesday, May 28, 2014
The Malinvestment Boom In Coders
The echo boom in tech is about to bust.
http://www.zerohedge.com/news/2014-05-28/malinvestment-boom-coders
http://www.zerohedge.com/news/2014-05-28/malinvestment-boom-coders
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.
http://www.zerohedge.com/news/2014-05-28/putin-says-russia-china-need-ensure-security-their-gold-reserves
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.
http://www.zerohedge.com/news/2014-05-28/putin-says-russia-china-need-ensure-security-their-gold-reserves
Tuesday, May 27, 2014
Exxon, BP Defy White House; Extend Partnership With Russia
The largest energy companies are thumbing their nose at US economic sanctions against Russia.
http://www.zerohedge.com/news/2014-05-27/exxon-bp-defy-white-house-extend-partnership-russia
http://www.zerohedge.com/news/2014-05-27/exxon-bp-defy-white-house-extend-partnership-russia
China Invites Top Foreign Banks to Global Gold Exchange
Shanghai wins, New York and London lose.
http://www.metal.com/newscontent/61012_china-invites-top-foreign-banks-to-global-gold-exchange
http://www.metal.com/newscontent/61012_china-invites-top-foreign-banks-to-global-gold-exchange
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.
http://www.zerohedge.com/news/2014-05-27/how-really-smart-money-wins
http://www.zerohedge.com/news/2014-05-27/how-really-smart-money-wins
Bad Credit No Problem as Balance-Sheet Bombs Rally 94%
http://www.bloomberg.com/news/2014-05-26/bad-credit-no-problem-as-shares-of-balance-sheet-bombs-rise-94-.html
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
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.
http://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-demands-audit-its-offshore-held-gold
http://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-demands-audit-its-offshore-held-gold
James Rickards-Financial Collapse and Massive Shortages in Gold Coming
http://usawatchdog.com/catastrophic-outcomes-may-come-faster-than-expected-james-rickards/
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.”
Saturday, May 24, 2014
Federal Reserve Admits Truth In Internal Memo: "Prices Continue To Rise Between 3% And 33%"
The Fed can't hide behind their lies of low inflation. They admit to soaring food prices to justify price raises.
http://www.zerohedge.com/news/2014-05-24/federal-reserve-admits-truth-internal-memo-prices-continue-rise-between-3-and-33
http://www.zerohedge.com/news/2014-05-24/federal-reserve-admits-truth-internal-memo-prices-continue-rise-between-3-and-33
Friday, May 23, 2014
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.
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html
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.
http://www.sovereignman.com/trends/no-inflation-friday-42-4-increase-in-the-price-of-being-poor-14471/
http://www.sovereignman.com/trends/no-inflation-friday-42-4-increase-in-the-price-of-being-poor-14471/
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?
http://www.zerohedge.com/news/2014-05-23/barclays-fined-manipulating-price-gold-decade-sending-bursts-sell-orders
http://www.zerohedge.com/news/2014-05-23/barclays-fined-manipulating-price-gold-decade-sending-bursts-sell-orders
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?
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."[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.”
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.
http://www.theguardian.com/environment/earth-insight/2014/may/22/two-thirds-write-down-us-shale-oil-gas-explodes-fracking-myth
http://www.theguardian.com/environment/earth-insight/2014/may/22/two-thirds-write-down-us-shale-oil-gas-explodes-fracking-myth
Thursday, May 22, 2014
Wednesday, May 21, 2014
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.
http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal
http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal
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...
http://www.paulcraigroberts.org/2014/05/20/belgium-treasury-purchase/
http://www.paulcraigroberts.org/2014/05/20/belgium-treasury-purchase/
Tuesday, May 20, 2014
Russia’s VTB and Bank of China agree on domestic currency settlements
Another nail in the coffin of USDollar hegemony.
http://rt.com/business/160124-vtb-bank-china-currencies/
http://rt.com/business/160124-vtb-bank-china-currencies/
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.
http://rt.com/news/160128-russia-china-sanctions-rhetoric/
http://rt.com/news/160128-russia-china-sanctions-rhetoric/
Monday, May 19, 2014
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.
http://www.zerohedge.com/news/2014-05-19/thailand-army-declares-martial-law
http://www.zerohedge.com/news/2014-05-19/thailand-army-declares-martial-law
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.
http://dollarcollapse.com/welcome-to-the-third-world/welcome-to-the-third-world-part-15-insurance-agents-lose-their-health-coverage/
http://dollarcollapse.com/welcome-to-the-third-world/welcome-to-the-third-world-part-15-insurance-agents-lose-their-health-coverage/
Why They Hate Peace
http://mises.org/daily/6755/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
Sunday, May 18, 2014
Saturday, May 17, 2014
Friday, May 16, 2014
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.
http://www.reuters.com/article/2014/05/15/us-ukraine-crisis-russia-gas-idUSBREA4E0OK20140515
On the other hand, the US is stuck in 1980's dogma.
http://www.reuters.com/article/2014/05/15/us-ukraine-crisis-russia-gas-idUSBREA4E0OK20140515
Slovak PM: Russia says gas to Europe will stop if Kiev does not pay
As we predicted, Putin is playing his trump card.
http://www.reuters.com/article/2014/05/15/us-ukraine-crisis-russia-gas-idUSBREA4E0OK20140515
http://www.reuters.com/article/2014/05/15/us-ukraine-crisis-russia-gas-idUSBREA4E0OK20140515
Thursday, May 15, 2014
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...
http://www.zerohedge.com/news/2014-05-15/when-head-european-central-bank-lies-zero-hedge-record-presenting-europes-plan-z
http://www.zerohedge.com/news/2014-05-15/when-head-european-central-bank-lies-zero-hedge-record-presenting-europes-plan-z
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.
http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40
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.
http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40
Wednesday, May 14, 2014
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.
http://www.zerohedge.com/news/2014-05-14/beginning-end-precious-metals-manipulation-london-silver-fix-officially-dead
For the sleepy-eyed, price manipulation--in this case, price suppression of precious metals is no longer a conspiracy theory. It is conspiracy fact.
http://www.zerohedge.com/news/2014-05-14/beginning-end-precious-metals-manipulation-london-silver-fix-officially-dead
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.
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.
http://www.kitco.com/news/
Tuesday, May 13, 2014
Monday, May 12, 2014
When Not Even The "1%" Can Afford College
Even the top 1% cannot afford college tuition--without going into debt.
http://www.zerohedge.com/news/2014-05-12/when-not-even-1-can-afford-college
http://www.zerohedge.com/news/2014-05-12/when-not-even-1-can-afford-college
Quiet revolution of the emerging countries
This an early signal of the end of USDollar hegemony.
http://www.dw.de/quiet-revolution-of-the-emerging-countries/a-17615162
http://www.dw.de/quiet-revolution-of-the-emerging-countries/a-17615162
Unprecedented Wealth Confiscation & The Disastrous Endgame
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/11_Unprecedented_Wealth_Confiscation_%26_The_Disastrous_Endgame.html
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.
Friday, May 9, 2014
Thursday, May 8, 2014
Wednesday, May 7, 2014
New 'PareUp' App Gives You Cheap Dibs On Retailers' Excess Food Before They Toss It
How sad. Now one will need an IPhone to dig in garbage bins for scraps.
http://www.huffingtonpost.com/2014/05/01/pareup_n_5242130.html
http://www.huffingtonpost.com/2014/05/01/pareup_n_5242130.html
Former San Fran Fed Employee Threatened To Murder Ex-FHFA Head Ed DeMarco
This is surreal. As a critic of the Fed, it's an uphill battle against the financial elite--the status quo. After all, they're the smartest guys in the room, right? Even though they haven't worked at a real job their whole lives. This makes it much easier to hold the Fed in contempt.
http://www.zerohedge.com/news/2014-05-06/former-san-fran-fed-employee-threatened-murder-ex-fhfa-head-ed-demarco
http://www.zerohedge.com/news/2014-05-06/former-san-fran-fed-employee-threatened-murder-ex-fhfa-head-ed-demarco
Tuesday, May 6, 2014
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.
http://www.forbes.com/sites/markhendrickson/2014/03/24/the-imf-vs-the-american-people-again/
http://www.forbes.com/sites/markhendrickson/2014/03/24/the-imf-vs-the-american-people-again/
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.
http://www.zerohedge.com/news/2014-05-06/and-first-thing-ukraine-will-buy-imf-money
Putin checkmates NATO and the US.
http://www.zerohedge.com/news/2014-05-06/and-first-thing-ukraine-will-buy-imf-money
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.
http://www.reuters.com/article/2014/05/05/emirates-dubai-gold-idUSL6N0NP03R20140505
http://www.reuters.com/article/2014/05/05/emirates-dubai-gold-idUSL6N0NP03R20140505
Monday, May 5, 2014
Gold Vs The CRB Commodity Index
http://www.zerohedge.com/news/2014-05-05/gold-vs-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
Sunday, May 4, 2014
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.
http://www.zerohedge.com/news/2014-04-15/shocking-buying-spree-americas-mysterious-third-largest-treasury-holder-ramps-higher
This whole Ponzi scheme of monetizing US Treasury debt is about to implode.
http://www.zerohedge.com/news/2014-04-15/shocking-buying-spree-americas-mysterious-third-largest-treasury-holder-ramps-higher
Friday, May 2, 2014
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.
http://www.zerohedge.com/news/2014-05-02/one-million-people-dropped-out-labor-force-april-participation-rate-plummets-lowest-
http://www.zerohedge.com/news/2014-05-02/one-million-people-dropped-out-labor-force-april-participation-rate-plummets-lowest-
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.
http://www.zerohedge.com/news/2014-05-02/eu-commissioner-warns-any-sensible-person-should-oppose-further-russia-sanctions
US foreign policy: fail.
http://www.zerohedge.com/news/2014-05-02/eu-commissioner-warns-any-sensible-person-should-oppose-further-russia-sanctions
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.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/2_Paul_Craig_Roberts_-_U.S._To_Collapse_Just_Like_Rome.html
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.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/2_Paul_Craig_Roberts_-_U.S._To_Collapse_Just_Like_Rome.html
Thursday, May 1, 2014
Furious Selling Slam Sends Silver Red For 2014: No Limits Triggered
http://www.zerohedge.com/news/2014-05-01/furious-selling-slam-sends-silver-red-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,
"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
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