"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....
And we see a lot of those.

Turk – This Coming Disaster Will Be Worse Than Lehman 2008

from KingWorldNews:
With continued volatility in major markets, as well as gold and silver, today King World News interviewed James Turk out of Europe. Turk told KWN, “The money coming out of the stock market is not only going into German and US government paper; it is also going into gold and silver…” Here is what Turk had to say about the accelerating global crisis: “The global financial situation is really starting to spin out of control, Eric. It won’t be long now before the Federal Reserve, ECB, Bank of Japan and Bank of England start more QE in an attempt to keep global stock markets from imploding and causing another Lehman Brothers collapse.”
Rob Arnott continues @ KingWorldNews.com

SBSS 34. Everything Burns

from TruthNeverTold :



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Rob Arnott – Lost Confidence & Stocks to Plunge 20% to 30%

from KingWorldNews:
With continued volatility in global markets, today King World News interviewed five time Graham & Dodd Award Winner, Rob Arnott, who oversees more than $100 billion as the Founder & Chairman of Research Affiliates. When asked if the global economy and financial system is at risk of a collapse, Arnott responded, “There is certainly a danger of it accelerating into a nastier situation. What we need to do is find some resolution of the problem. The problem is spending money we don’t have. The consequence of spending money we don’t have is runaway indebtedness, which sews the seeds for a Greek style default.”
Rob Arnott continues @ KingWorldNews.com

Eric Sprott: The Real Banking Crisis, Part II

Here we go again. Back in July 2011 we wrote an article entitled "The Real Banking Crisis" where we discussed the increasing instability of the Eurozone banks suffering from depositor bank runs. Since that time (and two LTRO infusions and numerous bailouts later), Eurozone banks, as represented by the Euro Stoxx Banks Index, have fallen more than 50% from their July 2011 levels and are now in the midst of yet another breakdown led by the abysmal situation currently unfolding in Greece and Spain.... Although the last eight months have not played out the way we would have expected for gold, they have played out the way we envisioned for the banks. The question now is how long this can go on for, and how long gold can remain under pressure in a banking crisis that has the potential to spread beyond Greece and Spain? So much now rests on the policy responses fashioned by the US Fed and ECB, and just as much also rests on what's left of European citizens' confidence in their local banking institutions. Neither of these things can be precisely measured or predicted, but we continue to firmly believe that depositors in Greece and Spain will choose gold over drachmas or pesetas if they have the foresight and are given the freedom to act accordingly. The number one reason we have always believed gold should be owned, and why we believe it will go higher, is people's growing distrust of the banking system - and we are now there. We will wait and see how the summer develops, and keep our attention firmly focused of the second phase of the bank run now spreading across southern Europe.

China PMI Plunges Most In 28 Months, Reverts To HSBC's Reality

Color us not stunned at all. China's Manufacturing PMI finally reverted to the reality that HSBC's Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though the lowest level of expansion in five months), or 50.4 technically, down from 53.4, and missing expectations of 52.0, it seems another engine of global growth just sputtered finally - as the real impact of a European depression and fiscally challenged US hit home.

Be Afraid Europe, Be Very Afraid - Tim Geithner Is Now "Helping" You

If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is precisely what happened.

• SPAIN DEPUTY PM: US TREASURY'S GEITHNER AGREES TO WORK WITH SPAIN TO RESOLVE BANK CRISIS - DJ
• SAENZ DE SANTAMARIA SAYS GEITHNER URGES SPAIN BANK SOLUTION
• SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS
• GEITHNER DISCUSSED SPAIN'S PLANS TO STRENGTHEN FINANCE SECTOR
• SPAIN'S SAENZ DE SANTAMARIA TOLD GEITHNER OF REFORM EFFORTS

Sorry, Europe, you are now doomed.

Myths and Realities of Returning to a Gold Standard

Short of the complete destruction of a fiat currency, there is nothing that can demonstrate beyond doubt the shallowness of the promise to protect purchasing power that is being made on any day. There is no bright line separating performance from talk. With a gold standard, deception is much more difficult. Creating too much money will lead to redemptions that drain away the official gold stockpile. Everyone can see the inventory shrinking. If it shrinks to zero, then the managers of the system have failed, period. There is no ambiguity about it, and the politicians in charge at the time have little room for denial. The formal adoption of a gold standard holds no magic. It's just another promise. But it is a promise that carries an assured potential for egg-on-face political embarrassment if it is broken, and the only way for the people in charge to avoid that embarrassment is to refrain from recklessly expanding the supply of cash. That's why a gold standard protects the value of a currency, and that is why the politicians don't want it.

USDX Pushing Higher as Money Flows into Treasuries

Trader Dan at Trader Dan's Market Views - 6 hours ago

The following chart I put together is interesting in the sense that it reveals exactly what is pushing the US Dollar Index Higher. Normally, all things considered, the country which possesses the most solid fundamentals in terms of monetary policy, economic growth rate, fiscal policy and above all, YIELD or INTEREST PAID on its government debt, tends to have the strongest currency. At least that is the way it formerly was. These are broad principles and while there are always deviations, if two countries were pretty evenly matched in terms of the first three factors, the nation whi... more » 

Terrible Chicago PMI number/10 yr uSA treasury falls to 1.57%/Challenge reports huge layoffs/High amounts of gold standing for delivery in June

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 7 hours ago

Good evening Ladies and Gentlemen: Gold closed down$1.60 to $1563.70.  Silver was down 22 cents to $27.74. Gold was heading northbound and then at 9:50 am :  BANG!!  Our bankers showed up and down went gold and silver.  Gold recovered somewhat and in the end it was only down by $1.60.  Silver fared worse as it was down 22 cents. Today the Chicago's PMI index fell badly and this

Simon Johnson: Jamie Dimon and the Failure of the Nation

 

 

Belligerent Bears Batter BNI's 'Buffett-Black-Swan' Bet

Was it just a week ago that we suggested buying Burlington Northern CDS (credit protection) as the cheapest Black-Swan bet against Buffett and Bernanke's ebullience? The answer is yes. And from the start of May the cost of protection has doubled from around 15bps to just over 30bps - quite a surge as it seems more than a few funds thought this a worthwhile trade to tuck in the back pocket at a minimal carry cost. At 32bps mid (31/34), it remains cheap still from a carry perspective and while we are approaching the initial profit target, the reason for buying this low cost, long vol trade is the huge convexity upside should things go a little more pear-shaped for the Octogenarian-of-Omaha - or more specifically for the US equities in general. We do note that if this keeps pushing past our other profit-targets then some should be covered since counterparty risk will rapidly become an issue (unless the Fed officially becomes a CCP).

FRIGHTENING: Fukushima, Washington Hides ‘Black Swan’ of Economic Collapse

As the sovereign debt crisis in Europe dominates media coverage of both financial and main street news, Washington’s deliberate cover up of a far more serious threat to the global economy stemming from the continuing crisis at Japan’s Fukushima nuclear power plant (beginning on Mar. 11, 2011) is now seeping out more rapidly from sources outside the captured and complicit mainstream news outlets.
“You can’t stop the truth from leaking out about Fukushima, and [President] Obama actually came out with a statement at the start of this disaster and said that their nuclear experts did not feel that harmful levels of radiation would reach our shores,” Nuked Radio host Christina Consolo told TruNews.
Due to increasing reports of nuclear contamination found in pollen across the U.S. West Coast, babies with elevated becquerel levels of nearly 10 times normal (presumably from mother’s milk), and a statistically unusual number of children with flu-like symptoms who won’t respond to conventional medical protocol, the truth about Fukushima could easily break out into a national panic significant enough to trigger an economic collapse of the U.S. economy and dollar, according to Consolo.
Read More @ BeaconEquity.com

 

 

100K To Attend Ron Paul Festival in Tampa!

from Matlarson10:

 

 

Not so fast! Romney has NOT won the Republican nomination yet!

Republican Party winning the battle but losing the war?
from RestoreConstitution8:

 

Sneering MSNBC Anchor: “I’m Way Too Lazy” To Research the Bilderberg Group

Is it any wonder global elite confab enjoys no media scrutiny?
by Steve Watson, Infowars:
MSNBC Teleprompter reader Lawrence O’Donnell has admitted he is “way too lazy” to look into the activities of the elite Bilderberg Group meeting in secret this weekend in Chantilly, Virginia. See the video here.
O’Donnell was asked about Bilderberg by We Are Change reporter Luke Rudkowski, who attempted to break through what can only be described as a wall of ignorance and cognitive dissonance to enlighten The Last Word host.
The as always mild mannered and polite Rudkowski attempted to explain to O’Donnell that Bilderberg is an annual meeting of most influential people on the planet.
“No its not” O’Donnell shot back, before adding “I have no idea what it is – so its not.”
When Rudkowski attempted to explain that last year’s meeting was held in Switzerland, O’Donnell said “That’s a lie. People are lying to you.”
When Rudkowski said he actually went to the location of the meeting to report on it, O’Donnell said “No you didn’t. You didn’t see a single media person go…”
Read More @ Infowars.com



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