COMEX Default Or Hunt Brothers Redux? COMEX Silver Inventories Drop To 4 Year Low

 

Euro Plunges On Fears Of Senior Bondholder Impairments At WestLB

 

The Fed Is Now Boxed In - Dislocations Ahead: The Ratchet Effect, Stick-Slip And QE3

Submitted by Tyler Durden on 02/14/2011 10:20

The Fed is boxed in: by expectations of continued massive intervention and by political pressure to cease or curtail these very same interventions. Ironically, if the Fed flouts political pressure and ramps up its manipulations via a monumental QE3 program, that may well disrupt the markets as much as a policy of diminished intervention, for the markets would soon grasp that the Fed would be guaranteeing a political firestorm of resistance if the Fed's manipulations didn't spark a hiring/jobs boom by the 2012 election season. And we all know the Fed's QE3 will not spark a hiring boom, for the Fed's policies are designed to serve one goal: preserve and enrich the financial sector's Elites. Now that they're safely in the lifeboats, the failure of the Fed's policies to "trickle down" to the steerage passengers is increasingly evident.

Charting The US Treasury's Toxic Debt Spiral (And Get Ready For GDP-Linked Bonds)

Submitted by Tyler Durden on 02/14/2011 10:17 -0500

The recently released Presentation to the Treasury Borrowing Advisory Committee (consisting of a 13-member committee of bond dealers and investors that meet quarterly with Treasury officials), which somehow managed to slip by under the radar, is a must read for anyone curious about the funding ability of the US government. A closer examination (and it is chock-full of must read observations) reveals far more conclusively than whatever today's budget myth may reveal, the US is truly in a dead-end situation, and that there is no way the Fed can now possibly step away from indefinite future debt monetization. And the stunner that nobody has yet mentioned: the US is actually considering GDP-linked bonds: the last recourse of a country about to go bankrupt.

The Farmers And The Miners Will Be In Charge For The Next 2 Or 3 Decades

posted by Admin at Jim Rogers Blog - 3 hours ago

"The City of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods in charge – the farmers and the miners." - *i...

 

 

 

Bill Dudley Remarks On The Regional Economy And Trends In Household Debt

 

Violent Clashes Break Out In Saudi Island Neighbor Bahrain, Home To US Navy's 5th Fleet

 

Guest Post: Grapes Of Wrath - 2011

Submitted by Tyler Durden on 02/14/2011 09:08 -0500

The power elite that believe they can control the masses as puppet master commands a puppet should beware. The wrath of the masses can be fierce and sudden. Ask Hosni Mubarak. As Steinbeck realized many decades ago, selfishness run amok, supported and encouraged by the authorities lead to poverty, despair and sometimes revolution. The false mantra of an economy based on self-interest and free markets is a smokescreen blown by the few with wealth and power to obscure the truth that they have used their wealth and power to rig the game in their favor. The have-nots can dream about becoming a have, but the chances of achieving that dream today are miniscule. Steinbeck pointedly distinguishes between the selfishness of the moneyed class and the altruism of the working poor. In contrast to and in conflict with this policy of selfishness stands the migrants’ behavior toward one another. Aware that their livelihood and survival depend upon their devotion to the collective good, the migrants unite—sharing their dreams as well as their burdens—in order to survive. Those in control need to keep the masses divided. They need Americans to be distracted by phantom terrorist threats, inconsequential political differences, American Idol, Charlie Sheen, Lindsey Lohan and Lady Gaga. They need Americans to be focused on “I”. Their greatest fear is that the American people realize that “We” can change the direction of this country and bring the perpetrators of crimes against the people of this country to justice. 

 

 

 

PIMCO Treasury Holdings Plunge To Two Year Low, Cash Holdings Surge, Total Return Fund AUM At Lowest Since June 2010