Friday, May 30, 2014

Howland to be Honored by Court of Champions

http://www.keyt.com/sports/howland-to-be-honored-by-court-of-champions/26201556

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

http://www.zerohedge.com/news/2014-05-29/meet-directive-302518-granting-obama-authority-use-military-force-against-civilians

Why America is in decline

http://www.sovereignman.com/trends/why-america-is-in-decline-14502/

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.

U.S. Food Inflation Running at 22%

http://www.breitbart.com/Big-Government/2014/05/24/U-S-Food-Inflation-Running-at-22

Legend Says Markets Pushed Higher To Conceal “Grave Danger”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/29_Legend_Says_Markets_Pushed_Higher_To_Conceal_Grave_Danger.html

Thursday, May 29, 2014

Our "Make It Look Good" Economy Has Failed

http://charleshughsmith.blogspot.com/2014/05/our-make-it-look-good-economy-has-failed.html

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

http://www.zerohedge.com/news/2014-05-29/sp-500-pushes-all-time-highs-first-economic-contraction-three-years

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

http://www.zerohedge.com/news/2014-05-29/excluding-obamacare-us-economy-contracted-2-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.

http://www.zerohedge.com/news/2014-05-29/us-economy-shrank-1-first-quarter-first-contraction-2011

Why is Putin in Washington’s Crosshairs?

http://www.counterpunch.org/2014/04/28/why-is-putin-in-washingtons-crosshairs/

The Shocking Real Reason for FATCA, and What Comes Next

http://www.internationalman.com/articles/the-shocking-real-reason-for-fatca-and-what-comes-next

Wednesday, May 28, 2014

How We All Miss the Point on School Shootings

http://markmanson.net/school-shootings

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

http://usawatchdog.com/u-s-gold-holdings-close-to-zero-rob-kirby/

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

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

Tuesday, May 27, 2014

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


http://youtu.be/KIp1t06cAyE

The Myth of the Climate Change '97%'

http://online.wsj.com/news/articles/SB10001424052702303480304579578462813553136?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303480304579578462813553136.html&fpid=2,7,121,122,201,401,641,1009

Exxon, BP Defy White House; Extend Partnership With Russia

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

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

Western Bullshit & Propaganda As Putin Dominates The West

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/27_Western_Bullshit_%26_Propaganda_As_Putin_Dominates_The_West.html

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

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

http://www.zerohedge.com/news/2014-05-27/here-mystery-and-completely-indiscriminate-buyer-stocks-first-quarter

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.