EUROPE is DESTROYING THEIR CURRENCY, BANK RUNS, MARKETS & MORE – John Mauldin:

from King World News:
President of Millennium Wave Advisors & Millennium Wave Securities – Mauldin was previously Chief Executive Officer of the American Bureau of Economic Research, a publisher of investment newsletters and books. John Mauldin is a renowned financial expert, a New York Times best-selling author. Mauldin is a frequent contributor to publications including The Financial Times and The Daily Reckoning, as well as a regular guest on CNBC, Yahoo Tech Ticker, and Bloomberg TV.
Listen Now @ KingWorldNews.com

 

 

Mark Grant On The Dangerous Road Ahead

Of the twenty-five largest banks in the world there is only one that does not need to raise additional capital to de-lever to a 20x leverage and a 5% of Tangible Capital Ratio and that is Citigroup which has a current leverage of just 13 times and I also point out that Wells Fargo with a 14 times leverage needs a minor amount of capital to accomplish these goals. At the far other end of this scale is Deutsche Bank which is levered 62 times and would need a massive amount of new capital and tremendous shrinkage to accomplish these goals. The assets of DB are also equivalent to the entire GDP of Germany so that the bank could devour the country if Deutsche Bank were to hit the wall. Then the most leverage can be found at Credit Agricole at 66 times which would also swamp France, given its size, if asset values continue to decline or if Spain or Italy need to be bailed out and the contagion worsens.

Jesse Benton Exposes MSNBC’s Fake Delegate Numbers

Would you vote for this typical... political... scumbag?... 

New Mitt Romney Scandal Jeopardizes Campaign!

 

Time To Pay Your Taxes, Slaves

from Dollar Vigilante:
As an expatriate PT (Permanent Tourist or Prior Taxpayer) I legally do not have to pay income taxes. Nearly a decade ago when I lived in Canada and complained about the socialist government and the taxes many brainwashed government lovers would tell me, “if you don’t like it, leave.”
I happily did and it’s been easily one of the best things I’ve ever done. Nothing feels so great as not having to track all your income and expenses and spending hours, days or weeks “filing” your taxes. So, each year around this time I get awakened from my own little bubble in paradise when I see a headline reminding the serfs that it is time to pay their due. This year in the US it is April 17th. In Canada it is April 30th.
SLAVE ON SLAVE ACTION
There is an old joke in Canada that comments on the socialist, slave nature of Canada versus the more entrepreneurial, capitalist nature of Americans. This joke doesn’t apply as much anymore as the US has sunk to Canadian levels… and the Canadians, almost miraculously, have possibly become more capitalistic in some ways now than Americans.
Read More @ DollarVigilante.com

Volatility Is Back

Volatility is back. The S&P moved more than 1% on 4 of the 5 days, had the biggest down day of the year, and even the least volatile day was a 0.7% move.

Farming Can Once Again Be One Of The Great Areas Of The World Economy

Admin at Jim Rogers Blog - 41 minutes ago

Farming can once again be one of the great areas of the world economy as economies of scale come into play, higher prices come into play, and technology comes into play. Few are rushing out to buy a farm yet; but it will come. - *in MarketWatch* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

 

Trader Dan on King World News Weekly Metals Wrap

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

Please click on the following link to listen in to my regular weekly radio interview with Eric King on the KWN Weekly Metals Wrap. *http://tinyurl.com/7ylm2bq* 

  more »

 

Spain Credit Default Swaps Skyrocket/Spanish 10 yr yields at 5.98%/Italian 10 yr yield 5.47%

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

Good morning Ladies and Gentlemen: Gold closed down: by $19.70 to $1658.00 with silver falling by $1.13 to $31.38.  As I explained to you on Thursday, the bankers will never allow an outside reversal to signal a strong advance for our precious metals. They always raid following this rare event. Early Friday morning, Spanish and Italian bonds rose in yield with word that the ECB supplied a

Assymmetric Secret Servicing Initiative: Obama's Colombia Visit Found To Subsidize Local Alternative Monogamy Market

Obama may not be the most successful president when it comes to creating jobs at home, but when success is measured by the number of blowjobs outsourced abroad, he may be truly second to none, as his visit to Colombia proves before it has officially begun. According to the AP, "A dozen Secret Service agents sent to Colombia to provide security for President Barack Obama at an international summit have been relieved of duty because of allegations of misconduct." Relieved here being a perfectly randomly selected verb. Because according to a tip received by The Associated Press "the misconduct involved prostitutes in Cartagena, Colombia, the site of the Summit of the Americas. A Secret Service spokesman did not dispute that allegation." Or, as Goldman would call it, an "Asymmetric (Secret) Servicing Initiative" where much more than just inside information is leasked. Unfortunately, while he may be far more successful in generating jobs in Latin America than domestically, even those jobs have proven to be quite transitory, just like virtually all quickie temp jobs "created or saved" in the US in the past several years. Furthermore, just like in the US, we doubt that the incremental wealth benefits will trickle down to the local population. After all, unlike in the US, endogenous Colombian liquidity may be abundant everywhere but certainly not at the central bank, which is far, far tighter at a rate of 5.25% (and rising), compared to extra loose central planners the "developed" world over.

Visibly Annoyed and Aloof Obama Gets Slammed by Brazilian President Over U.S. Monetary Policy

by Mac Slavo, SHTFPlan:

In a meeting where neither looks very happy with the other, Brazil’s President Dilma Rousseff lambastes President Obama over expansionist monetary policies that are having a direct impact on the currencies of emerging economies, including her own.
Throughout the clip, as Rousseff discusses her concerns over US monetary policy, President Obama seems visibly annoyed and distant, giving the impression he’d rather be teeing off than discussing the critical monetary, fiscal and economic issues facing the world. The President’s body language – his twiddling of the thumbs, rubbing the corners of his mouth, inability to remain focused – overtly indicates either his complete disinterest in how US monetary policy affects our global trading partners, or that he simply doesn’t understand what this woman is talking about.
Read More @ SHTFPlan.com

Weather Wars? Or is Mother Nature Just Really Pissed?

Photos: Hail Piles up Several Feet in Texas
by Chris Dolce, Weather.com:
The first photo below is from the Facebook page of the National Weather Service in Amarillo, Texas. Yes, that is all hail piled up nearly 5 feet high! This was in northern Potter County, Texas.

This photo comes from the KAMR-NBC4 Facebook page. Photo taken on Highway 287 near Masterson. 4 FEET of Hail! Those aren’t rocks next to him.

Read More @ Weather.com

Silver Update 4/14/12 James Turk Interview

[Ed. Note: Although the first half of this interview is essentially an ad, James Turk's GoldMoney is the real deal and we endorse it. There's a link on the right side of SGTreport if you want to open a free GoldMoney account and begin to diversify your precious metals holdings.]
from BrotherJohnF:

Regulation, Kobe Beef – and the Titanic, Too

from The Daily Bell:
What do Kobe Beef and the Titanic have in common? They both are the subjects of articles this week that deal with regulation.
Regulatory democracy is surely a meme of the 20th century, what we call a dominant social theme of a global power elite. These individuals work through government to pass laws and regulations that benefit them and help with the expansion of global governance.
Government is the key to a kind of new world order. And government around the world continues to grow.
The justification for big government is its ability to counteract “market failure” and ensure that private enterprise does not take advantage of the larger public. But this is surely a promotional theme rather than an evident reality.
What disciplines the market is the Invisible Hand of competition. Unfortunately, that hand is lacking when it comes to government solutions.
Read More @ TheDailyBell.com

Frustrated Safe Haven: Swiss Franc Investors May Soon Turn to Precious Metals

by Dr. Jeffrey Lewis, Gold Seek.com:
The resurgence of concerns over the long term solvency of debt laden Eurozone countries like Greece, Spain, Portugal, Italy and Ireland has led to refreshed selling of the Euro against the other major currencies since early April.
Although the market in EUR/USD now seems to have stabilized just over the psychological 1.3000 level, deep questions remain among international investors as to whether the European Central Bank or ECB will be able to manage the ongoing European debt crisis over the coming few years without the trade bloc disintegrating or the common currency being further devalued by the forex market.
Furthermore, investors worried over the ECB’s recent notable balance sheet expansion, which has reportedly grown by roughly 30 percent since current ECB President Mario Draghi took over last November, have returned to buying the Swiss Franc as a relative safe haven for their investment funds.
Swiss Franc No Longer Convertible Into Gold:
Read More @ GoldSeek.com

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The Looter Cometh

Doug Casey on Tax Day:
from Lew Rockwell.com:
Lew: Doug, the Taxman cometh, at least for most US citizens who file their annual tax papers on April 15. We get a lot of letters from readers who know about your international lifestyle and wonder about the tax advantages they assume it confers. Is this something you care to talk about?
Doug: Yes; something wicked this way comes, indeed. But first, I have to say that as much as I can understand the guy who flew his airplane into an IRS building, as we once discussed,, I do not encourage anyone to break the law. That’s not for ethical reasons – far from it – but strictly on practical grounds. The Taxman can and will come for you, no matter how great or small the amount of tax he expects to extract from you. The IRS can impound your assets, take your computers, freeze your accounts, and make life just about impossible for you, while you struggle to defend yourself against their claims and keep the rest of your life going. The number of IRS horror stories is beyond counting. As the state goes deeper into insolvency, its enforcement of tax laws will necessarily become more draconian. So you absolutely don’t want to become a target.
Lew: So… just bow down and lick the boots of our masters?
Read More @ LewRockwell.com

Another attack tries to knock King World News off the Internet

by C. Powell, GATA.org:
Dear Friend of GATA and Gold:
The King World News Internet site was attacked this week in ways that seemed aimed particularly at the network’s revelatory interview April 5 with its London metals market trader source.
The major Internet hosting company that maintains the King World News site reported to the network: “The servers you are hosted on are what we call ‘under guard’ due to external attack. Sometimes there are millions of these attacks. Without these ‘guards’ in place, the servers would effectively become flooded and would be unable to display your website.”
Eric King told GATA today: “The attacks started when the London trader interview piece was released April 5. The attacks continued and intensified when our interview with Jim Sinclair’s futures market analyst, Dan Norcini, was published on April 11. A very powerful entity did not want this information out there.”
Read More @ GATA.org

BREAKING: Obama’s Dirty Dozen – 12 Secret Service Agents Sent Home to U.S After Not Paying Their Hooker!

from CNN, via MoxNewsDotCom:
12 Secret Service agents sent home in disgrace after encounter with prostitute…who exposed them after they refused to pay.

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