WATCH the FRAUD of the Mainstream Media AS THEY PANIC Over Dr. Ron Paul Winning Iowa
Gold and Silver rebound/Gold finishes up 11% on the year/
Good morning Ladies and Gentlemen: Gold finished the comex session at $1566.00 up $20.90 on the day. Silver finished at $27.91 up 64 cents. In the access market, here are the final prices for the metals this year: gold: $1566.40 silver: $27.86 The markets were very quiet ahead of the New Years holiday weekend. However when everybody returns on Tuesday expect massive volatility on all bourses
by Ann Barnhardt, Barnhardt.biz:
I’m out of pocket for a few days, but K.D. over at Market-Ticker.org ran THIS PIECE on Wednesday, and I just wanted to chime in and expand the concept at bit. First, I absolutely, totally, completely and 105% confirm that the futures markets are withering and dying on the vine AS WE SPEAK. I’m hearing for every single one of my contacts, both floor guys (in both Chicago and NY) and introducing brokers (as I used to be) all over the country, that business is totally evaporating. And we’re not talking the normal Christmas season slowdown. No. We’re talking people explicitly stating that they are done trading and hedging with futures, both speculators and hedgers. It’s over. No mas. See you later, Alligator. Buh-bye.
This was going on to some extent before the MF Global rape/theft. The markets had grown thinner and thinner, ironically on more net volume, but the volume increases were due to the veritable fungal infection of the market that is the high frequency algorithm trading systems. Furthermore, any short hedger with a brain in their head over the last 18 months has known that short hedging in an inflationary environment is and would be needless suicide. Why IN THE WORLD would you SHORT an inflating market? If Mrs. Reggie Love is printing money a trillion at a pop, and I think Mrs. Love’s debasement will be at $8.5 TRILLION in a few weeks after the debt ceiling is raised yet again, isn’t it obvious that currency debasement is happening and that physical commodity prices are going to necessarily inflate? At this point, anyone who actually believes any statistics that come out of the federal government or the Federal Reserve (there’s no inflation!) has got to be mentally disabled. Literally. Mentally disabled.
Read More…
I’m out of pocket for a few days, but K.D. over at Market-Ticker.org ran THIS PIECE on Wednesday, and I just wanted to chime in and expand the concept at bit. First, I absolutely, totally, completely and 105% confirm that the futures markets are withering and dying on the vine AS WE SPEAK. I’m hearing for every single one of my contacts, both floor guys (in both Chicago and NY) and introducing brokers (as I used to be) all over the country, that business is totally evaporating. And we’re not talking the normal Christmas season slowdown. No. We’re talking people explicitly stating that they are done trading and hedging with futures, both speculators and hedgers. It’s over. No mas. See you later, Alligator. Buh-bye.
This was going on to some extent before the MF Global rape/theft. The markets had grown thinner and thinner, ironically on more net volume, but the volume increases were due to the veritable fungal infection of the market that is the high frequency algorithm trading systems. Furthermore, any short hedger with a brain in their head over the last 18 months has known that short hedging in an inflationary environment is and would be needless suicide. Why IN THE WORLD would you SHORT an inflating market? If Mrs. Reggie Love is printing money a trillion at a pop, and I think Mrs. Love’s debasement will be at $8.5 TRILLION in a few weeks after the debt ceiling is raised yet again, isn’t it obvious that currency debasement is happening and that physical commodity prices are going to necessarily inflate? At this point, anyone who actually believes any statistics that come out of the federal government or the Federal Reserve (there’s no inflation!) has got to be mentally disabled. Literally. Mentally disabled.
Read More…
[Ed Note:
For the folks out there who call themselves 'Republicans' and who are
either not really paying attention, or who are just generally willing
subjects to whatever drivel the establishment sells them, this will
likely work like a charm. Please take special note of the first line in
this story about "front runner" Gingrich.]
Ads and 30-Minute Special Will Promote Gingrich
by Jeremy W Peters, TheCaucus.Blogs.NYTimes.com:
His cash-short campaign unable to buy much advertising of its own, Newt Gingrich’s well-financed allies are coming to his rescue in Iowa, securing large chunks of airtime across the state.
Newsmax, the conservative magazine and Web site, will show a 30-minute special on Mr. Gingrich throughout the weekend in all of Iowa’s major television markets. The program is hosted by Michael Reagan, son of the former president, and makes the case that Mr. Gingrich is the strongest candidate to carry forward Ronald Reagan’s legacy.
“Millions of dollars in negative ads have been spent against him,” Mr. Reagan says. “But let’s discuss the real Newt Gingrich.” Soft music then starts to play and the camera cuts to a black and white photograph of Mr. Gingrich as a boy.
A second major player in conservative circles, Liberty University, the evangelical institution founded by Jerry Falwell, is also giving Mr. Gingrich some help in Iowa, running 30-second commercials in which Mr. Gingrich extols the virtues of a Liberty education.
Read More @ TheCaucus.Blogs.NYTimes.com
Ads and 30-Minute Special Will Promote Gingrich
by Jeremy W Peters, TheCaucus.Blogs.NYTimes.com:
His cash-short campaign unable to buy much advertising of its own, Newt Gingrich’s well-financed allies are coming to his rescue in Iowa, securing large chunks of airtime across the state.
Newsmax, the conservative magazine and Web site, will show a 30-minute special on Mr. Gingrich throughout the weekend in all of Iowa’s major television markets. The program is hosted by Michael Reagan, son of the former president, and makes the case that Mr. Gingrich is the strongest candidate to carry forward Ronald Reagan’s legacy.
“Millions of dollars in negative ads have been spent against him,” Mr. Reagan says. “But let’s discuss the real Newt Gingrich.” Soft music then starts to play and the camera cuts to a black and white photograph of Mr. Gingrich as a boy.
A second major player in conservative circles, Liberty University, the evangelical institution founded by Jerry Falwell, is also giving Mr. Gingrich some help in Iowa, running 30-second commercials in which Mr. Gingrich extols the virtues of a Liberty education.
Read More @ TheCaucus.Blogs.NYTimes.com
Architects of Euro Fail Lead Way to 2012 Danger Zone
by Alasdair Macleod, GoldMoney.com:
Now the New Year reviving old desires,
The thoughtful soul to solitude retires.
The Rubaiyat of Omar Khayyam
We are at the threshold of a New Year and accordingly should accept Omar Khayyam’s recommendation, and as our thoughtful souls turn to Europe we might observe two entwined problems – economical and political. The economic problem is that spendthrift Europeans have run out of money, and their ability to print more is broadly restricted to saving the banking system. The political problem is that the whole future of the European Union has been thrown into doubt by the debt crisis.
Starting with economics, we see European budget deficits that are now likely to increase further as the mirage of economic recovery fades. Furthermore, there are large amounts of government debt maturing in the coming months, which need to be rolled over by persuading holders not to redeem existing bonds. According to UBS, in the next three months eurozone sovereign funding will total €234bn. The support from the banks is bound to be limited, since they face their own lethal debt trap of bank runs and maturing loan liabilities. This is the primary reason the European Central Bank made funds available to the banks through the long-term refinancing operation (LTRO), not as some thought to allow the banks to simply refinance sovereign debt.
Read More @ GoldMoney.com
Now the New Year reviving old desires,The thoughtful soul to solitude retires.
The Rubaiyat of Omar Khayyam
We are at the threshold of a New Year and accordingly should accept Omar Khayyam’s recommendation, and as our thoughtful souls turn to Europe we might observe two entwined problems – economical and political. The economic problem is that spendthrift Europeans have run out of money, and their ability to print more is broadly restricted to saving the banking system. The political problem is that the whole future of the European Union has been thrown into doubt by the debt crisis.
Starting with economics, we see European budget deficits that are now likely to increase further as the mirage of economic recovery fades. Furthermore, there are large amounts of government debt maturing in the coming months, which need to be rolled over by persuading holders not to redeem existing bonds. According to UBS, in the next three months eurozone sovereign funding will total €234bn. The support from the banks is bound to be limited, since they face their own lethal debt trap of bank runs and maturing loan liabilities. This is the primary reason the European Central Bank made funds available to the banks through the long-term refinancing operation (LTRO), not as some thought to allow the banks to simply refinance sovereign debt.
Read More @ GoldMoney.com
from The Economic Collapse Blog:
Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen. Unfortunately, that is rapidly changing. The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012. The decline of the middle class is not something that has happened all of a sudden. Rather, there has been a relentless grinding down of the middle class over the last several decades. Millions of our jobs have been shipped overseas, the rate of inflation has far outpaced the rate that our wages have grown, and overwhelming debt has choked the financial life out of millions of American families. Every single day, more Americans fall out of the middle class and into poverty. In fact, more Americans fell into poverty last year than has ever been recorded before. The number of middle class jobs and middle class neighborhoods continues to decline at a staggering pace. As I have written about previously, America as a whole is getting poorer as a nation, and as this happens wealth is becoming increasingly concentrated at the very top of the income scale. This is not how capitalism is supposed to work, and it is not good for America.
Read More @ TheEconomicCollapseBlog.com
Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen. Unfortunately, that is rapidly changing. The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012. The decline of the middle class is not something that has happened all of a sudden. Rather, there has been a relentless grinding down of the middle class over the last several decades. Millions of our jobs have been shipped overseas, the rate of inflation has far outpaced the rate that our wages have grown, and overwhelming debt has choked the financial life out of millions of American families. Every single day, more Americans fall out of the middle class and into poverty. In fact, more Americans fell into poverty last year than has ever been recorded before. The number of middle class jobs and middle class neighborhoods continues to decline at a staggering pace. As I have written about previously, America as a whole is getting poorer as a nation, and as this happens wealth is becoming increasingly concentrated at the very top of the income scale. This is not how capitalism is supposed to work, and it is not good for America.
Read More @ TheEconomicCollapseBlog.com
by Gary North, LewRockwell.com:
Whenever
any would-be borrower approaches a lender for a loan, he must be
prepared to offer collateral, just in case he cannot repay the loan. If
he defaults, the lender wants to be able to gain possession of the
collateral, and obtain it quickly.
Every government that uses bond sales to maintain its level of expenditures must offer collateral. This collateral is its ability to extract sufficient revenue from those people under its jurisdiction so that it can make interest payments on the bonds.
In the South of 1850, a planter could buy slaves on credit. He pledged the future productivity of his slaves as collateral for the loan. He made sure that he extracted sufficient wealth from the slaves to pay off his loans. He lived well. They didn’t.
Why did he borrow? In order to buy more slaves. He used leverage. He built his plantation with borrowed money and the heirs of kidnapped victims. It was good business.
Read More @ LewRockwell.com
Whenever
any would-be borrower approaches a lender for a loan, he must be
prepared to offer collateral, just in case he cannot repay the loan. If
he defaults, the lender wants to be able to gain possession of the
collateral, and obtain it quickly.Every government that uses bond sales to maintain its level of expenditures must offer collateral. This collateral is its ability to extract sufficient revenue from those people under its jurisdiction so that it can make interest payments on the bonds.
In the South of 1850, a planter could buy slaves on credit. He pledged the future productivity of his slaves as collateral for the loan. He made sure that he extracted sufficient wealth from the slaves to pay off his loans. He lived well. They didn’t.
Why did he borrow? In order to buy more slaves. He used leverage. He built his plantation with borrowed money and the heirs of kidnapped victims. It was good business.
Read More @ LewRockwell.com
by Adam, ChrisMartenson.com:
[...] “Governments gambled on a return to growth solving all the problems. That bet has failed.” –Satyajit Das
Every December I write a Year in Review. Last year’s was posted at several sites including Chris Martenson’s [1]. What started as summaries posted for a couple dozen people accrued over 13,000 clicks in total last year. It elicited discussions with some interesting people and several podcasts, including a particularly enjoyable one with Chris [2]. Each begins with a highly personalized survey of my efforts to get through another year of investing. This is followed by a brief update of what is now a 32-year quest for a soft landing in retirement. These details may be instructive for some casual observers. I have been a devout follower of Austrian business cycle theory since the late 1990s and have ignored the siren call for diversification. I vigilantly monitor my progress relative to standard benchmarks. The bulk of the blog describes thoughts and ideas that are on my radar. The commentary is largely stream-of-consciousness with a few selected links that might be worth a peek. Some are flagged as “must see”. Everything else can be found here [3].
So why do people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods? I can only offer a few thoughts. For starters, in 32 years of investing I had only one year in which my total wealth decreased in nominal dollars; whatever I am doing has worked. I also ride the blogs hard, am fairly good at distilling complexity down to simplicity, seem to be a congenital contrarian, and am pretty well connected (for a chemist). I am Joe Sixpack, a 99er of sorts with a growing unease.
Read More @ ChrisMartenson.com
[...] “Governments gambled on a return to growth solving all the problems. That bet has failed.” –Satyajit Das
Every December I write a Year in Review. Last year’s was posted at several sites including Chris Martenson’s [1]. What started as summaries posted for a couple dozen people accrued over 13,000 clicks in total last year. It elicited discussions with some interesting people and several podcasts, including a particularly enjoyable one with Chris [2]. Each begins with a highly personalized survey of my efforts to get through another year of investing. This is followed by a brief update of what is now a 32-year quest for a soft landing in retirement. These details may be instructive for some casual observers. I have been a devout follower of Austrian business cycle theory since the late 1990s and have ignored the siren call for diversification. I vigilantly monitor my progress relative to standard benchmarks. The bulk of the blog describes thoughts and ideas that are on my radar. The commentary is largely stream-of-consciousness with a few selected links that might be worth a peek. Some are flagged as “must see”. Everything else can be found here [3].
So why do people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods? I can only offer a few thoughts. For starters, in 32 years of investing I had only one year in which my total wealth decreased in nominal dollars; whatever I am doing has worked. I also ride the blogs hard, am fairly good at distilling complexity down to simplicity, seem to be a congenital contrarian, and am pretty well connected (for a chemist). I am Joe Sixpack, a 99er of sorts with a growing unease.
Read More @ ChrisMartenson.com
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