from King World News:
John Williams just warned that current problems have horrendous implications for the markets. Williams, who founded ShadowStats, also noted that Bernanke continues to pay lip-service regarding inflation-containment. Here is what Williams had to say about the situation: “Recognition of an intensifying double-dip recession as well as an escalating inflation problem remains sporadic. The political system would like to see the issues disappear until after the election; the media does its best to avoid publicizing unhappy economic news; and the financial markets will do their best to avoid recognition of the problems for as long as possible, problems that have horrendous implications for the markets and for systemic stability.”
John Williams continues: Read More @ KingWorldNews.com
John Williams just warned that current problems have horrendous implications for the markets. Williams, who founded ShadowStats, also noted that Bernanke continues to pay lip-service regarding inflation-containment. Here is what Williams had to say about the situation: “Recognition of an intensifying double-dip recession as well as an escalating inflation problem remains sporadic. The political system would like to see the issues disappear until after the election; the media does its best to avoid publicizing unhappy economic news; and the financial markets will do their best to avoid recognition of the problems for as long as possible, problems that have horrendous implications for the markets and for systemic stability.”
John Williams continues: Read More @ KingWorldNews.com
Saudi Arabia's Bullion Reserves Over Twice Previous Estimate
http://www.dailystar.com.lb/Business/Middle-East/Jun/22/Saudi-Arabias-bullion...
Russia Accuses US of Meddling in Vote
http://wires.univision.com/english/article/2012-03-01/russia-accuses-us-of-me...
Inflation: Not as Low as You Think
http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-t...
Only 54% Of Young Adults In America Have A Job
http://www.zerohedge.com/news/only-54-young-adults-america-have-job
US Pension Liabilities
http://thekwanbox.blogspot.com/2012/02/us-pension-liabilities.html
The TSA Is Coming To A Highway Near You
http://www.forbes.com/sites/realspin/2012/02/29/the-tsa-is-coming-to-a-highwa...
Energy Secretary Chu Admits Administration OK with High Gas Prices
http://news.yahoo.com/energy-secretary-chu-admits-administration-ok-high-gas-...
Brazil Declares New 'Currency War'
http://www.ft.com/intl/cms/s/0/76d1d4d0-63d0-11e1-8762-00144feabdc0.html#axzz...
by Brandon Smith, Alt-Market.com:
As Americans, we live in two worlds; the world of mainstream fantasy, and the world of day-to-day reality right outside our front doors. One disappears the moment we shut off our television. The other, does not…
When dealing with the economy, it is the foundation blocks that remain when the proverbial house of cards flutters away in the wind, and these basic roots are what we should be most concerned about. While much of what we see in terms of economic news is awash in a sticky gray cloud of disinformation and uneducated opinion, there are still certain constants that we can always rely on to give us a sense of our general financial environment. Two of these constants are supply and demand. Central banks like the private Federal Reserve may have the ability to flood markets with fiat liquidity to skew indexes and stocks, and our government certainly has the ability to interpret employment numbers in such a way as to paint the rosiest picture possible, but ultimately, these entities cannot artificially manipulate the public into a state of demand when they are, for all intents and purposes, dead broke.
Read More @ Alt-Market.com
As Americans, we live in two worlds; the world of mainstream fantasy, and the world of day-to-day reality right outside our front doors. One disappears the moment we shut off our television. The other, does not…
When dealing with the economy, it is the foundation blocks that remain when the proverbial house of cards flutters away in the wind, and these basic roots are what we should be most concerned about. While much of what we see in terms of economic news is awash in a sticky gray cloud of disinformation and uneducated opinion, there are still certain constants that we can always rely on to give us a sense of our general financial environment. Two of these constants are supply and demand. Central banks like the private Federal Reserve may have the ability to flood markets with fiat liquidity to skew indexes and stocks, and our government certainly has the ability to interpret employment numbers in such a way as to paint the rosiest picture possible, but ultimately, these entities cannot artificially manipulate the public into a state of demand when they are, for all intents and purposes, dead broke.
Read More @ Alt-Market.com
A Soft Babbly Brook of Liquidity Is Really The Colorado River
Eric De Groot at Eric De Groot - 2 hours ago
Jim is right. Liquidity is driving the stock market higher. Spin citing the lack of visible inflation describes the force of this liquidity as a soft, babbling brook. Reality, however, is far different than perception. The force behind the trends in movable assets (stocks, gold, silver, etc.) compares to that of the Colorado River a few months after the first winter’s melt. Anyone that’s... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
by SGT:
Activist and journalist Andrew Breitbart died unexpectedly early Thursday morning, at age 43.
An announcement on his website reads in part, “Andrew passed away unexpectedly from natural causes shortly after midnight this morning in Los Angeles. We have lost a husband, a father, a son, a brother, a dear friend, a patriot and a happy warrior.”
AP reports that the cause of death has not been determined, pending examination of his body by the Los Angeles County coroner’s office. Breitbart’s father told the AP that his son collapsed when walking near his house.
Recently Breitbart had publicly denounced the main stream media’s performance in vetting Barack Obama for the Presidency in 2008. As noted on Townhall.com Andrew Breitbart recently vowed to make sure such a travesty did not happen again in 2012:
“During his speech at the Conservative Political Action Conference, Andrew Breitbart gave the audience and C-SPAN viewers a preview of what’s to come during the 2012 general election against Barack Obama. He said the mainstream media refused to vet Obama in 2008 and that he will not go unvetted in 2012. Breitbart says he has videos of Obama in college that nobody has seen.”
With Breitbart’s untimely passing, we are now left to wonder what videos of Barack Obama he possessed, where those videos are located now, and whether or not those videos will ever see the light of day now that Andrew Breitbart is no longer a part of the fight for truth.
from Jackohoft:
Filmmaker Steve Bannon told Sean Hannity tonight that the Breitbart group is going to release the Obama Harvard tapes in a week to ten days. Andrew Breitbart announced at CPAC that he was given tapes of Barack Obama from his college years that would be devastating.
Filmmaker Steve Bannon told Sean Hannity tonight that the Breitbart group is going to release the Obama Harvard tapes in a week to ten days. Andrew Breitbart announced at CPAC that he was given tapes of Barack Obama from his college years that would be devastating.
When explaining the practical effect of Wednesday’s second and certainly not last LTRO, we said that “when
it comes to explaining why Europe’s banks are not only not deleveraging
but increasing leverage while paying an incremental 75 bps on up to €700 billion in deposits soon
to be handed over to the ECB, one needs all the favorable spin one can
muster.” We also estimated that net of rollovers and other tangents, the
true net liquidity add would be €311 billion and “the final number by which the ECB’s deposit account will increase will be about €210 billion less than the overhead number”
of €529.5 billion. Sure enough, as of this morning, which takes into
account the full settlement and allocation of the second LTRO cash
installment, the ECB’s deposit facility has soared by precisely as
expected, rising by €302 billion overnight to an all time record of €777 billion, or just over $1 trillion.
Read More @ ZeroHedge.com
[Ed. Note: Related.]
from USAWatchDog:
USAWatchdog.com – It looks like the world is moving closer to war in the Middle East. This week, reports are out the Pentagon is preparing aerial refueling for Israeli Jets. U.S. military, also, now says it has what it takes to knock out Iran’s deep bunkers hiding its nuclear program. Secretary of state Hillary Clinton says, once again, this past week, the President’s policy is “to prevent Iran from having nuclear weapons capability.” Sanctions on Iran’s cash flow and oil flows are ratcheting up. Meanwhile, Syria is hot and bloody in its unfolding revolution. A few hundred people were killed this week alone in fighting. Reports are out that the U.S. and France are arming the rebels, and Iran and Russia are arming the Syrian government. Please remember, Russia has a naval base on the Syrian coast, and they are not going to want to give up this strategic base on the Eastern Mediterranean Sea. Oil hit $110 a barrel, and gasoline is approaching $4 a gallon on a national average. Part is due to conflict in the Middle East, but the world is awash in crude oil, and most of the price increase is being blamed on the Federal Reserve for trillions in bank bailouts. A new Rasmussen poll has Ron Paul and Mitt Romney as the only two candidates that can beat President Obama in a national election. Funny, how is it that Ron Paul comes in so far back in Republican primaries? According to Rasmussen, Paul gets 15% of liberal Democrats. North Korea has agreed to suspend its nuclear program in exchange for 5 million pounds of food and aid to fight a severe famine. Japan and South Korea are very still skeptical. Why don’t we trade North Korea food for some of their nuclear weapons? The Virginia Senate voted 39 to 1 to pass the NDAA Nullification Act. Maybe 49 other states and Congress will follow. We can always hope! These stories and more on the Weekly News Wrap-Up are coming to you from Greg Hunter and USAWatchdog.com.
from USAWatchDog:
USAWatchdog.com – It looks like the world is moving closer to war in the Middle East. This week, reports are out the Pentagon is preparing aerial refueling for Israeli Jets. U.S. military, also, now says it has what it takes to knock out Iran’s deep bunkers hiding its nuclear program. Secretary of state Hillary Clinton says, once again, this past week, the President’s policy is “to prevent Iran from having nuclear weapons capability.” Sanctions on Iran’s cash flow and oil flows are ratcheting up. Meanwhile, Syria is hot and bloody in its unfolding revolution. A few hundred people were killed this week alone in fighting. Reports are out that the U.S. and France are arming the rebels, and Iran and Russia are arming the Syrian government. Please remember, Russia has a naval base on the Syrian coast, and they are not going to want to give up this strategic base on the Eastern Mediterranean Sea. Oil hit $110 a barrel, and gasoline is approaching $4 a gallon on a national average. Part is due to conflict in the Middle East, but the world is awash in crude oil, and most of the price increase is being blamed on the Federal Reserve for trillions in bank bailouts. A new Rasmussen poll has Ron Paul and Mitt Romney as the only two candidates that can beat President Obama in a national election. Funny, how is it that Ron Paul comes in so far back in Republican primaries? According to Rasmussen, Paul gets 15% of liberal Democrats. North Korea has agreed to suspend its nuclear program in exchange for 5 million pounds of food and aid to fight a severe famine. Japan and South Korea are very still skeptical. Why don’t we trade North Korea food for some of their nuclear weapons? The Virginia Senate voted 39 to 1 to pass the NDAA Nullification Act. Maybe 49 other states and Congress will follow. We can always hope! These stories and more on the Weekly News Wrap-Up are coming to you from Greg Hunter and USAWatchdog.com.
by Charles Hugh Smith, OfTwoMinds.com:
Is the U.S. really a post-oil economy?
One way to gauge the real economy is to look at charts of the GDP, wages, household debt and the price of oil; another way is to correlate all of these on one chart. The following chart (courtesy of frequent contributor B.C.) plots these four metrics thusly: GDP/(wages/household debt)/price of oil.
What pops out of the chart is what happens when oil spikes higher or declines. In 1973, the first oil shock sent the economy off a cliff. Conversely, when oil fell to $12/barrel in the late 1990s while wages were rising strongly, the plotline peaked, reflecting a strong economy.
In 2008, oil spiked to $140/barrel in 2008, household debt reached record heights and wages began stagnating, and the economy fell into a sharp recession. When oil plummeted back to $40/barrel in early 2009, the plotline spiked up.
When oil prices and household debt are high while wages stagnate or decline, the economy sinks to recessionary levels.
Read More @ OfTwoMinds.com
Is the U.S. really a post-oil economy?
One way to gauge the real economy is to look at charts of the GDP, wages, household debt and the price of oil; another way is to correlate all of these on one chart. The following chart (courtesy of frequent contributor B.C.) plots these four metrics thusly: GDP/(wages/household debt)/price of oil.
What pops out of the chart is what happens when oil spikes higher or declines. In 1973, the first oil shock sent the economy off a cliff. Conversely, when oil fell to $12/barrel in the late 1990s while wages were rising strongly, the plotline peaked, reflecting a strong economy.
In 2008, oil spiked to $140/barrel in 2008, household debt reached record heights and wages began stagnating, and the economy fell into a sharp recession. When oil plummeted back to $40/barrel in early 2009, the plotline spiked up.
When oil prices and household debt are high while wages stagnate or decline, the economy sinks to recessionary levels.
Read More @ OfTwoMinds.com
Eurozone
finance ministers have also gathered in Brussels to discuss the 130
billion euro Greek bailout – but Greece must wait another week before
the money starts to flow. The final say will be given on the first
tranche after Athens reaches agreement with its private creditors next
Thursday.
As another nervous week lies ahead for Greece, Nigel Farage, MEP and leader of the UK Independence Party, says the sacrifices it’s being forced to make only drag the country deeper into trouble.
As another nervous week lies ahead for Greece, Nigel Farage, MEP and leader of the UK Independence Party, says the sacrifices it’s being forced to make only drag the country deeper into trouble.
by John Rubino, DollarCollapse.com:
Last
year the US ran a $272 billion trade deficit with China, which means we
sent the Chinese that many extra dollars in return for the clothes,
toys and iPhones they sent us. This lopsided relationship has been in
place for a long time, allowing (or requiring) China to accumulate about
$1.7 trillion dollars of various kinds of US paper.
From China’s perspective, this is a good deal in the short run but potentially a bad one longer-term. And lately the world has been wondering what they would do with all this low-yielding, rapidly-depreciating currency. The worst case scenario had them reacting to US deficits and debt monetization by converting their dollars into real assets at pretty much any price, sending the value of the dollar through the floor and igniting a currency crisis or hyperinflation.
Read More @ DollarCollapse.com
Please consider making a small donation, to help cover some of the labor and costs to run this blog.
Last
year the US ran a $272 billion trade deficit with China, which means we
sent the Chinese that many extra dollars in return for the clothes,
toys and iPhones they sent us. This lopsided relationship has been in
place for a long time, allowing (or requiring) China to accumulate about
$1.7 trillion dollars of various kinds of US paper.From China’s perspective, this is a good deal in the short run but potentially a bad one longer-term. And lately the world has been wondering what they would do with all this low-yielding, rapidly-depreciating currency. The worst case scenario had them reacting to US deficits and debt monetization by converting their dollars into real assets at pretty much any price, sending the value of the dollar through the floor and igniting a currency crisis or hyperinflation.
Read More @ DollarCollapse.com
from GoldMoney.com:
Considering
the dramatic smash in the gold and silver markets on Wednesday, both
metals put in impressive performances yesterday – a testament to the
fact that no matter what goes on the futures market, physical demand for
gold and silver from around the world continues to increase. The April
gold Comex futures contract gained 0.6% to settle at $1,722.20 per troy
ounce, while the May delivery silver contract was up an impressive 2.9%,
settling at $35.66 per troy ounce.
Trader Dan Norcini comments that this is “remarkable price action in silver”, and that “To witness a market completely undo such a breakout on massive volume and then to experience only minor additional downside pressure is also something that one rarely sees. We are getting a bird’s eye view of something akin to a Supernova in the sense of its rarity.” This technical action again provides good support for the view that silver is at the start of the kind of price breakout that will see it retest the old $50 price record within the next couple of months. Whatever else one can say about silver, price action in this metal certainly ain’t for the faint hearted.
Read More @ GoldMoney.com
Considering
the dramatic smash in the gold and silver markets on Wednesday, both
metals put in impressive performances yesterday – a testament to the
fact that no matter what goes on the futures market, physical demand for
gold and silver from around the world continues to increase. The April
gold Comex futures contract gained 0.6% to settle at $1,722.20 per troy
ounce, while the May delivery silver contract was up an impressive 2.9%,
settling at $35.66 per troy ounce.Trader Dan Norcini comments that this is “remarkable price action in silver”, and that “To witness a market completely undo such a breakout on massive volume and then to experience only minor additional downside pressure is also something that one rarely sees. We are getting a bird’s eye view of something akin to a Supernova in the sense of its rarity.” This technical action again provides good support for the view that silver is at the start of the kind of price breakout that will see it retest the old $50 price record within the next couple of months. Whatever else one can say about silver, price action in this metal certainly ain’t for the faint hearted.
Read More @ GoldMoney.com
[Ed. Note:
Listen to the fear and loathing from members of the press at this event
who seem to care not for the truth of the matter or the evidence in
this case, only what Sheriff Arpaio's "motivations are for pursuing this
so doggedly." There is no more accountability or rule of law in the
United States precisely because of pathetic "journalists" like the ones
you will hear in this press conference.]
from WND:
PHOENIX
– An investigative “Cold Case Posse” launched six months ago by
“America’s toughest sheriff” – Joe Arpaio of Arizona’s Maricopa County –
has concluded there is probable cause that the document released by the
White House last year as President Obama’s birth certificate is a
computer-generated forgery.
The investigative team has asked Arpaio, who is at a news conference in Phoenix live-streamed by WND TV that began at 3 p.m. Eastern time,
to elevate the investigation to a criminal probe that will make
available the resources of his Maricopa County Sheriff’s Office.
The posse says it has identified at least one person of interest in the alleged forgery of Obama’s birth certificate.
Arapaio, known for his strict enforcement of immigration laws, commissioned the investigative team after local citizens presented him with a petition expressing concern that Obama might not be eligible for Arizona’s presidential ballot.
In addition to the live-streaming, WND is making available to the public a report distributed to media today by Arpaio’s investigators.
Read More @ WND.com
from WND:
PHOENIX
– An investigative “Cold Case Posse” launched six months ago by
“America’s toughest sheriff” – Joe Arpaio of Arizona’s Maricopa County –
has concluded there is probable cause that the document released by the
White House last year as President Obama’s birth certificate is a
computer-generated forgery.| Sheriff Joe: ‘Probable cause’ Obama Certificate a Fraud |
The posse says it has identified at least one person of interest in the alleged forgery of Obama’s birth certificate.
Arapaio, known for his strict enforcement of immigration laws, commissioned the investigative team after local citizens presented him with a petition expressing concern that Obama might not be eligible for Arizona’s presidential ballot.
In addition to the live-streaming, WND is making available to the public a report distributed to media today by Arpaio’s investigators.
Read More @ WND.com
Please consider making a small donation, to help cover some of the labor and costs to run this blog.
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