The Head Of The World's Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013 
As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio - head of the world's biggest hedge fund, Bridgewater. Dalio's fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge - Dalio believes that future inevitable money printing will "lead to a collapse in currencies and bond markets." Dalio is even kind enough to give a time frame. "I think late 2012 or early 2013 is going to be another very difficult period." He is, to say the least, quite diplomatic.

We are getting real close to DEFCON I

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 1 hour ago

Good evening Ladies and Gentlemen: Gold closed today up $12.30 to 1602.10.  Silver responded in kind to its older and wiser cousin rising by $1.27 to $40.33.  The world was responding to various economic details over the weekend which were not pretty: 1. no advancement on the Greek bailout 2. no advancement on the USA debt ceiling rise 3. huge disappointments in the stress tests on European

Gold clears $1600 in convincing fashion

Trader Dan at Trader Dan's Market Views - 1 hour ago

A further deterioration in the sovereign debt woes involving the Euro zone coupled with an increasing loss of confidence in the monetary authorities of the West led to a strong opening in Asian trade last evening as gold came in well bid from the get go. The buying picked up steam as it moved into very early European trading and continued to be firm as the action shifted into New York. One could see the attempt to cap the rally at $1600 by the bullion banks who no doubt had recruited some of the pit locals to their side but shortly after the close of lunch hour there in New York a b...

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Mark Liebovit- "Here in the States, we have a fiat currency issue, its NOT a solvable problem"

silvergoldsilver at silvergoldsilver - 3 hours ago

Enjoy, my fellows, enjoy. 

$1,600 gold, $40 silver may trigger huge short covering: King World News

 

 

Tidal wave of short covering ahead, Turk tells King World News

 

 

$1764 Is The Magnet To Watch

July 18, 2011, at 1:48 pm
by Jim Sinclair 

My Dear Friends,

Here are the magnets. The key number is neither $1600 or $1650. The number is $1764.

Regards,
Jim

In The News Today

July 18, 2011, at 11:21 am
by Jim Sinclair

Jim Sinclair’s Commentary

Most municipalities are sitting on the edge of solvency. Some big ones are going over the Bankruptcy brink soon.

Bankruptcy on the table for Alabama County: Governor By Edith Honan
SALT LAKE CITY | Sat Jul 16, 2011 3:44pm EDT
(Reuters) – Bankruptcy is still a "very strong possibility" for Alabama’s Jefferson County, Governor Robert Bentley said on Saturday — a move that could make for the largest municipal bankruptcy in U.S. history.
A $3.2 billion bond debt related to Jefferson County’s sewer system has pushed the county toward the brink, and a rare Chapter 9 municipal bankruptcy could have ripple effects in the $2.9 trillion U.S. municipal bond market.
"It is still on the table, and it’s a very strong possibility," Bentley told Reuters during the National Governors Association meeting in Utah’s Salt Lake City.
The county is observing a "standstill period" to allow settlement talks with creditors, and this week it finalized a plan aimed at settling the debt to present to creditors.
The debt situation escalated in the mid-2000s when interest on variable- and auction-rate swaps from a refinancing of an upgrade to its sewer system spiraled in 2008.
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Must Read...

The Only Thing You Can Count On

July 18, 2011, at 11:20 am
by Greg Hunter in the category USAWatchdog.com |  Print This Post |  Email This Post

From Greg Hunter’s USAWatchdog.com

Dear CIGAs,

Last week, in testimony on Capitol Hill, Fed Chief Ben Bernanke said, “The pace of the economic recovery will pick up.”  As far as the weak economy is concerned, Mr. Bernanke also said there would be, “a notably better performance than we have seen so far this year.”  I could not believe what I was hearing.  It was totally opposite to other economic news that came out in the very same week.  For example, unemployment claims stayed above 400,000 for the 14th straight week!   I do not see how that trend is going to reverse itself anytime soon with the anemic job growth in the economy.
Another big economic downer came from RealtyTrac.  Even though the happy headline splattered all over the mainstream media was similar to what CNN posted, “Foreclosures plunge in first half of 2011,” the real story was buried.  CNN went on to say, “RealtyTrac’s CEO, James Saccacio, sounded a sour note, however, contending that the drop-off in filings can be traced not to economic improvement or a pick-up in the housing market, but to processing delays . . . ‘[That's what is] pushing foreclosures further and further out — we estimate that as many as 1 million foreclosure actions that should have taken place in 2011 will now happen in 2012, or perhaps even later,’ Saccacio said.” (Click here for the complete CNN story.)  How do you put out a headline that misses the point of your own story by that much?  I guess CNN has the same problem Mr. Bernanke has–grasping reality.  The expert quoted in the CNN story said the housing market may not recover until “2016”!  (And you thought I was bearish.)  
Can we count on Mr. Bernanke when he says the “recovery will pick up”?   Treasury Secretary Tim Geithner recently stated just the opposite.  He said, “I think for a lot of people it’s going to be – it’s going to feel very hard, harder than anything they’ve experienced in their lifetime now, for some time to come.”  Based on many wrong market calls and current economic facts, I say we cannot count on a recovery for most Americans, at least not anytime soon.
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Jim’s Mailbox

July 18, 2011, at 11:18 am
by Jim Sinclair 

The Size of Debt, Not Process, Creates Uncertainty  
CIGA Eric

How does the statutory limit on government debt create uncertainty? Uncertainty arises from not because of the process but rather the level of debt creation. Debt creation hasn’t slowed appreciably since the Carter Administration. The money spigot has been wide open for years across all parties.
This graph below says it all. The debt mountain is huge and growing quickly.
National Debt and Debt Ceiling
Headline: Thirty years of the debt ceiling in one graph
The one caveat to this graph is that the colors on the bar showing control of the House of Representatives look to be reversed. But that doesn’t distract from its main point: “Since 1980, the debt ceiling has been raised 39 times. It was raised 17 times under Ronald Reagan, four times under Bill Clinton and seven times under George W. Bush.”http://www.blogger.com/img/blank.gif
At any given time, the minority party likes to pretend that the debt is all the majority party’s fault. That’s the whole theory behind the McConnell plan. But every president and congress is paying for the decisions of every previous president and congress. This is, and always has been, a bipartisan affair.
Source: washingtonpost.com
Headline: Moody’s suggests U.S. eliminate debt ceiling
Ratings agency Moody’s on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
The United States is one of the few countries where Congress sets a ceiling on government debt, which creates "periodic uncertainty" over the government’s ability to meet its obligations, Moody’s said in a report.
"We would reduce our assessment of event risk if the government changed its framework for managing government debt to lessen or eliminate that uncertainty," Moody’s analyst Steven Hess wrote in the report.
The agency last week warned it would cut the United States’ AAA credit rating if the government misses debt payments, increasing pressure on Republicans and the White House to come up with a budget agreement.
Source: finance.yahoo.com
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Follow the Money In Gold, Silver and Equities CIGA Eric
Remember the steady stream of headlines suggesting the stage was set for another big decline in silver and gold this spring? Let’s not forget that the headlines also repeated “sell in May and go away” trading heuristic for nervous equity investors during this period. Watch the approaching cycle dates in September.
Gold, London P.M. Fixed (Gold) and Z Scores of Secular Trend
Silver, London P.M. Fixed (Silver) and Z Scores of Secular Trend
Large Cap Stocks Total Return Index (LCSTRI) and Z Scores of Secular Trends
Headline: Gold Rallies to Record in Best Run Since 1980
Gold rose to a record above $1,600 an ounce as debt concerns in Europe and the U.S. boosted demand for the metal as a protection of wealth. Bullion in euros and pounds rose to all-time highs and silver topped $40 an ounce.
President Barack Obama is pressing congressional leaders for a multitrillion-dollar agreement in deficit-cutting talks as negotiators near an Aug. 2 deadline for raising the debt limit. A default would cause more panic than the collapse of Lehman Brothers Holdings Inc. in 2008, former Treasury Secretary Larry Summers told CNN in an interview broadcast yesterday. The euro fell versus the dollar after European Central Bank President Jean-Claude Trichet reiterated his opposition to any restructuring of Greek debt.
Source: finance.yahoo.com
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FL Bar on Fraudclosures | Lawyers Obligated by Law to Disclose Felonious Foreclosure Paperwork 

Posted by: 4closureFraud

Post date: 07/18/2011 - 16:24

All we ever asked was for the banks and their attorneys to FOLLOW THE LAW. No free houses, no windfalls for the homeowner, no debt forgiveness. JUST FOLLOW THE LAW... Because once we lose that, we lose society as we know it...