System Wide Breakdown Now Evident in
Oil Price breakdown / US Dollar breakup
Eurozone Breakup (Greece may be allowed to exit EU to be followed later by Germany)
China / BRICS currencies fast replacing USD in Trade Settlements
2015: The Year when Economic Reality hits like a ton of bricks
Ron Paul: "Reality Is Now Setting In For America... It Was All Based On Lies & Ignorance"
Submitted by Tyler Durden on 01/10/2015 - 12:30
If
Americans were honest with themselves they would acknowledge that the
Republic is no more. We now live in a police state. If we do not
recognize and resist this development, freedom and prosperity for all
Americans will continue to deteriorate. All liberties in America
today are under siege. Reality is now setting in for America and for
that matter for most of the world. We should not be
discouraged. Enlightenment is not nearly as difficult to achieve as it
was before the breakthrough with Internet communications occurred. I smell progress.
Interest rate contagion, a new currency bloc, the dive into deflation, and chaos in Europe all make the cheaper Buck a Must
There are two possibilities that
terrify the debt-ridden West: rapid deflationary moves, and rising
interest rates. Deflation is already a fact, and is set to worsen. I
have been posting for three years now to say interest rates must rise in
the end – because even in a so-called ‘global’ world economy, different
blocs have different problems and priorities. Two new events have
hugely increased the likelihood of that latter change.
Read More @ hat4uk.wordpress.comOil Price Blowback: Is Putin Creating A New World Order?
Submitted by Tyler Durden on 01/10/2015 - 23:00
"This is why Putin is Public Enemy Number 1.
It’s because he’s blocking the US pivot to Asia, strengthening
anti-Washington coalitions, sabotaging US foreign policy objectives in
the Middle East, creating institutions that rival the IMF and World
Bank, transacting massive energy deals with critical US allies,
increasing membership in an integrated, single-market Eurasian Economic
Union, and attacking the structural foundation upon which the entire US
empire rests, the dollar." Up to now, of course, Russia, Iran and Venezuela have taken the biggest hit from low oil prices; but what the Obama administration should be worried about is the second-order effects that will eventually show up...The Fed Is Losing, If Not Already Lost, Control
Submitted by Tyler Durden on 01/11/2015 - 12:30
Why does one believe the word “catastrophe” was used by The Fed's Charlie Evans? Hmmmmm? After all, the very articulated and polished minutes of what members expressed to one another as to set the current policy was just made public. We thought the verbiage of choice was now “patient.” Unless... You know you’ve either lost, or in the process, of losing control of the markets ear. In our opinion, this is an unveiled showing of possible outright panic developing behind the proverbial curtain.
from Storm Clouds Gathering:
This is footage of the Charlie Hebdo shootings which has been restricted or taken down from a number of websites. As you will see it contains no blood, gore or graphic violence. It does however punch a major hole in the official story.
Arson Attack On German Newspaper After Printing Charlie Hebdo Cartoons; Thousands Take To Streets In France - Live Webcast
Submitted by Tyler Durden on 01/11/2015 - 07:10
from Gold-Eagle:
Unfortunately, very few investors in the world are cognizant of the
relative performance of the gold price vis-à-vis the traditional world
stock markets…as demonstrated by the chart below (2001 to 2014). It
shows the percent gain or loss over 14 years:
Moreover, I am convinced future relative performance of the price of gold will be a mirror image of the past fourteen years. My steadfast conviction is based on the following:
– China and India are snapping up gold at these bargain basement prices
– China’s covert objective to replace the US$ reserve currency with its own gold backed Renminbi
Read More @ Gold-Eagle.com
h/t GoldSilver com
Unfortunately, very few investors in the world are cognizant of the
relative performance of the gold price vis-à-vis the traditional world
stock markets…as demonstrated by the chart below (2001 to 2014). It
shows the percent gain or loss over 14 years:Moreover, I am convinced future relative performance of the price of gold will be a mirror image of the past fourteen years. My steadfast conviction is based on the following:
– China and India are snapping up gold at these bargain basement prices
– China’s covert objective to replace the US$ reserve currency with its own gold backed Renminbi
Read More @ Gold-Eagle.com
h/t GoldSilver com
Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street
from Wolf Street:
New vehicle sales in the US have been on a tear in 2014, rising 5.6%
to 16.5 million units, the highest since banner year 2006. Light-truck
sales jumped 10%, cars edged up 1.8%. The industry is drunk with its own
enthusiasm.
General Motors CEO Mary Barra sees “still plenty of room for the auto industry to grow.” She rattled off politically correct reasons: consumers who’re “feeling pretty good about the future,” due to “the strength of the labor market, better job security and the recovery in home prices,” topped off by the “sharp drop in fuel prices and rising incomes,” possibly confusing their stagnant or declining incomes with her rising income.
Read More @ Wolfstreet.com
New vehicle sales in the US have been on a tear in 2014, rising 5.6%
to 16.5 million units, the highest since banner year 2006. Light-truck
sales jumped 10%, cars edged up 1.8%. The industry is drunk with its own
enthusiasm.General Motors CEO Mary Barra sees “still plenty of room for the auto industry to grow.” She rattled off politically correct reasons: consumers who’re “feeling pretty good about the future,” due to “the strength of the labor market, better job security and the recovery in home prices,” topped off by the “sharp drop in fuel prices and rising incomes,” possibly confusing their stagnant or declining incomes with her rising income.
Read More @ Wolfstreet.com
by Dr. Paul Craig Roberts, Paul Craig Roberts:
The hypocrisy of American police is beginning to bother even law and
order conservatives. The New York Police Department is rivaling the
black community in Ferguson in keeping alive the murders of their
community members.
We are constantly reminded of how dangerous it is to be a police officer. A total of 50 police officers were reportedly killed last year in the “line of duty,” but the police themselves managed to kill 1,029 Americans during the same time period, most of whom were unarmed and innocent of wrongdoings.
In other words, any encounter between the public and the police is more than 20 times more dangerous for the public than for the police.
Read More @ PaulCraigRoberts.org
The hypocrisy of American police is beginning to bother even law and
order conservatives. The New York Police Department is rivaling the
black community in Ferguson in keeping alive the murders of their
community members.We are constantly reminded of how dangerous it is to be a police officer. A total of 50 police officers were reportedly killed last year in the “line of duty,” but the police themselves managed to kill 1,029 Americans during the same time period, most of whom were unarmed and innocent of wrongdoings.
In other words, any encounter between the public and the police is more than 20 times more dangerous for the public than for the police.
Read More @ PaulCraigRoberts.org
by Koos Jansen, Bullion Star:
The lawful owner of the 8,134 tonnes of official gold holdings of the United States is the US Treasury. The Federal Reserve handed over the official gold reserves to the Treasury in 1934 and in return received gold certificates – which, by the way, are not redeemable for gold, only for dollars, but that’s not the point now. The point is these gold certificates are still valued on the Fed’s balance sheet at $42.22 an ounce.
The free market price of gold is currently about $1,200. The reason the US capped the value of gold on their books at $42.22 in the seventies is because they wanted to phase out gold from the international monetary system to increase the power of King Dollar; denying the true value of the yellow metal supported this ambition. And so the Fed pretends until this day gold is worth $42.22, all in an effort to make us believe in the strength of the dollar. However, the US can’t pretend forever the price of gold is $42.22.
Read More @ BullionStar.com
by Finian Cunningham, VeteransNewsNow:
Speaking outside Elysée Palace in the aftermath of this week’s terror
killings in France, former President Nicolas Sarkozy condemned the
violence as “an attack on civilization.” Coiffured, sun-tanned and
nattily dressed, Sarkozy’s solemn words made him appear like the
embodiment of civility.
That’s a quaint turn in etiquette by a politician who is mired in allegations of sleaze and corruption, as well as war crimes.
Sarkozy wasn’t too concerned about “civilization” when he and his British allies launched the NATO bombing campaign of Libya in March 2011 in stark violation of a UN mandate. That seven-month onslaught led to the murder of Libyan leader Muammar Gaddafi – from whom Sarkozy had gladly received hush-hush political donations in the past, before stabbing him in the back.
Read More @ VeteransNewsNow.com
Let’s focus on what happened in the lead up to the summer of 2011, right before the markets cratered on the back of everything that was going on in Europe and the downgrade of the US' credit rating by S&P. The leveraged loans index peaked at the start of the year and traded sideways up until that eventful August. This was a sign that something was not right in the credit markets; and equities pretty much followed the same pattern. If we fast forward to today, we can see that the leveraged loans index peaked in July 2014, indicated by the red line in the graph, and has noticeably declined since; at the same time equities continued to move higher, a divergence which is a novelty in this bull market. Is this telling us something? We believe so - it is a red flag for equities.
France’s president, François Hollande, described the attack as an “act of exceptional barbarity.” But killing people is hardly exceptional – neither for the empire nor its enemies.
It is routine. And great empires follow their well-trodden paths, too,
no matter what mockery they encounter. That path leads in a familiar
direction – freedom of speech is chilled. But we know of no instances in
which foreign enemies put it on ice. Usually, it is the empire’s own bureaucrats, snoops and protectors who do the chilling. And that cooling is already under way.
The lawful owner of the 8,134 tonnes of official gold holdings of the United States is the US Treasury. The Federal Reserve handed over the official gold reserves to the Treasury in 1934 and in return received gold certificates – which, by the way, are not redeemable for gold, only for dollars, but that’s not the point now. The point is these gold certificates are still valued on the Fed’s balance sheet at $42.22 an ounce.
The free market price of gold is currently about $1,200. The reason the US capped the value of gold on their books at $42.22 in the seventies is because they wanted to phase out gold from the international monetary system to increase the power of King Dollar; denying the true value of the yellow metal supported this ambition. And so the Fed pretends until this day gold is worth $42.22, all in an effort to make us believe in the strength of the dollar. However, the US can’t pretend forever the price of gold is $42.22.
Read More @ BullionStar.com
Speaking outside Elysée Palace in the aftermath of this week’s terror
killings in France, former President Nicolas Sarkozy condemned the
violence as “an attack on civilization.” Coiffured, sun-tanned and
nattily dressed, Sarkozy’s solemn words made him appear like the
embodiment of civility.That’s a quaint turn in etiquette by a politician who is mired in allegations of sleaze and corruption, as well as war crimes.
Sarkozy wasn’t too concerned about “civilization” when he and his British allies launched the NATO bombing campaign of Libya in March 2011 in stark violation of a UN mandate. That seven-month onslaught led to the murder of Libyan leader Muammar Gaddafi – from whom Sarkozy had gladly received hush-hush political donations in the past, before stabbing him in the back.
Read More @ VeteransNewsNow.com
Credit Giving Equities A Red Flag
Submitted by Tyler Durden on 01/11/2015 - 10:40
Let’s focus on what happened in the lead up to the summer of 2011, right before the markets cratered on the back of everything that was going on in Europe and the downgrade of the US' credit rating by S&P. The leveraged loans index peaked at the start of the year and traded sideways up until that eventful August. This was a sign that something was not right in the credit markets; and equities pretty much followed the same pattern. If we fast forward to today, we can see that the leveraged loans index peaked in July 2014, indicated by the red line in the graph, and has noticeably declined since; at the same time equities continued to move higher, a divergence which is a novelty in this bull market. Is this telling us something? We believe so - it is a red flag for equities.
A Permabull Throws In The Towel: "Stocks Are Massively Overvalued", Key Multiples Are Post-War Records
Submitted by Tyler Durden on 01/10/2015 - 22:15 "The median New York Stock Exchange (NYSE) stock is currently at a postwar record high P/E multiple, a record high relative to cash flow, and near a record high relative to book value! As of June 2014, the median U.S. stock was priced at a post-war high at slightly more than 20 times earnings! Similarly, at about 15 times, the median stock is also currently priced at a record high relative to cash flow. Finally, the median price to book value ratio has only been higher than it is currently in two years since 1951 (in 1969 and in 1998 which were both followed by significant declines)!" - Jim PaulsenThe 'Real' Threat to Our Liberty Is The Repressive Machinery Of Empire
Submitted by Tyler Durden on 01/10/2015 - 21:30France’s president, François Hollande, described the attack as an “act of exceptional barbarity.” But killing people is hardly exceptional – neither for the empire nor its enemies.
It is routine. And great empires follow their well-trodden paths, too,
no matter what mockery they encounter. That path leads in a familiar
direction – freedom of speech is chilled. But we know of no instances in
which foreign enemies put it on ice. Usually, it is the empire’s own bureaucrats, snoops and protectors who do the chilling. And that cooling is already under way.The 'Surreal & Sinister' World In 2015 (According To The Economist)
Submitted by Tyler Durden on 01/10/2015 - 18:30
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