Libya set for civil war/expect a raid tomorrow.

Harvey Organ Feb 24-11

Libya set for civil war/expect a raid tomorrow.

What You Need To Know About Buying Silver At A Time When Even The Canadian Mint Says It Is "Difficult To Source" The Metal

Submitted by Tyler Durden on 02/24/2011 18:27 -0500

Even as silver performed some unprecedented fireworks today, plunging on what was a margin hike in... crude, the metal continues to trade just below its post-Hunt Brother highs. So for those who still have not decided whether or not to take the plunge and buy into the precious metal (which, granted, was selling at $8.80 three years ago, and has since nearly quadrupled in price), we present the following discussion between Jeff Clark of Casey Research and The Daily Crux, which answers "what you need to know about buying silver today." But before that, here are some disturbing observations from King World News on something we highlighted a week ago yet which has received little prominence until now: namely, the inability of the Canadian Mint to easily procure silver, "as sourcing silver is becoming very difficult."




On-going Overnight Short Squeeze Takes Silver to Fresh 31-Year High   

Paul Mylchreest's Latest Must Read Report: Gresham’s Law Squared – Gearing Up For Game Over

Submitted by Tyler Durden on 02/24/2011 19:14 -0500

So here we are, waiting for the “event” which triggers a loss of confidence across the system. Will it be a sovereign, a US state, a bank, QE3 or QE5, the oil price, Chinese fixed investment, a false flag event (a convenient distraction/excuse) or a revolution? When it happens, the speed at which capital will move in today’s over-liquefied world will take people’s breath away. Where will it go? This is the global end of normal (baby) so that, first and foremost, it will go into the strategic assets - gold/silver, energy, food/agriculture, rare earths, etc, (as well as the equities of the financially strongest economies). Bernanke’s QE2 is nothing short of economic warfare, in the form of a wave of inflation, directed at the rest of the world and even his own population (at least anybody without a large stock market, commodities or precious metals portfolio). This inflation is not temporary, as per the false reassurances, it’s baked in. In response, creditor nations have no other choice than to cut purchases of US Treasuries (China is selling), leaving the Fed increasingly standing alone. Rampant or hyperinflation results from the complete loss of confidence in a currency and we are being steered in this direction by the gentlemen above. Sure, they are smartly dressed, well educated (kind of) and pretend to know what they’re talking about with their carefully worded “policies”. It’s all NONSENSE. All they’re doing is leading us down a well-trodden path which has happened time and again throughout history.

Adjusted Monetary Base Goes Vertical

Submitted by Tyler Durden on 02/24/2011 20:54 -0500

Just in case there was any confusion in the interpretation of the M2 chart, here is the latest just released Adjusted Monetary Base.

The Weekly Chart That Needs No Introduction Or Explanation

Submitted by Tyler Durden on 02/24/2011 19:27 -0500

...

Bob Chapman: Public debt: unsustainable and simply unpayable



Credibility Blown (The Mogambo Guru)   




Silver Bankers May Be Sitting On Big Derivatives Losses And The Fed May Be Funding Them