Alan Greenspan Warns Of Explosive Inflation: "Tinderbox Looking For A Spark"

Submitted by Tyler Durden on 03/09/2015 - 17:06

Greenspan believes that in five years gold will be “measurably higher” than current levels because of the excess liquidity that will eventually be released into the open market. Such an event will undoubtedly lead to riots across America as the general public, woefully unprepared for rapidly rising prices when the pin finally pops the dollar bubble, loses access to affordable critical supplies like food, gas and other resources. The collapse of the dollar, an inevitability suggested by Alan Greenspan, will be a game changer that results in the quadrupling of the cost of living for the average American.

How Christy Turlington Cost Apple $17 Billion: The Annotated Apple Watch Event

Submitted by Tyler Durden on 03/09/2015 - 14:50 Well that escalated quickly...

Is the City of London’s Gold-Rigging Scheme on the Ropes?

Where There’s Smoke…
from The Wealth Watchman:
As some mainstream analysts in the financial world ponder “vanilla” things like the effect Draghi’s QE will have, or how many meetings it will take for a “patient Fed” to raise rates, there are far more interesting and meaningful things occurring for those who are paying attention.  As we all know, market rigging and the City of London go together like Bonnie and Clyde, but in the last several years, those doing the rigging have had to increasingly put up with “pesky” things….like official inquiries, larger fines, and most importantly, a growing public awareness of the true nature of their crimes.
I’ve detailed in times past, how the City of London has held many thousands of tonnes of gold in their underground vaults(many of which, I’ve maintained are likely off the books). The banking Dragon in the City, did this because it was necessary to rig and control markets around the world.
I’ve also showed our community, how the BRICS nations, and the blossoming Eurasian landmass as a whole, is “going for the kill” by scooping up every bit of gold that they can find.  Yet, after the last 3 years of watching multi-thousand tonne Chinese and Indian gold purchases, some in our ranks had begun to think that the banksters would never run out of gold to supply…  Yet, once again recently, some very intriguing signs have come to light, which suggest that many of the Dragon’s mechanisms of control in the gold market may be gasping for air!
Read More…

Real-Time Q1 GDP Update : 1.2%

Submitted by Tyler Durden on 03/09/2015 - 16:29 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 was 1.2 percent on March 6, unchanged from its March 2 reading. The nowcast for the contribution of net exports to first-quarter real GDP growth fell from -0.5 percentage point to -0.8 percentage point following this morning's international trade report from the U.S. Census Bureau. This was offset by increases in the nowcasts of equipment investment and inventory investment.

Bonds Bid All Day But Stocks Shrug Off Apple's "Turlington Turmoil"

Submitted by Tyler Durden on 03/09/2015 - 16:12

Don’t Be Fooled by the Federal Reserve’s Anti-Audit Propaganda

by Dr. Ron Paul, Gold Seek:
In recent weeks, the Federal Reserve and its apologists in Congress and the media have launched numerous attacks on the Audit the Fed legislation. These attacks amount to nothing more than distortions about the effects and intent of the audit bill.
Fed apologists continue to claim that the Audit the Fed bill will somehow limit the Federal Reserve’s independence. Yet neither Federal Reserve Chair Janet Yellen nor any other opponent of the audit bill has ever been able to identify any provision of the bill giving Congress power to dictate monetary policy. The only way this argument makes sense is if the simple act of increasing transparency somehow infringes on the Fed’s independence.
Read More @ GoldSeek.com
image/www.intellectualtakeout.org

Repeat Foreclosures Triple Since Crisis

Submitted by Tyler Durden on 03/09/2015 - 15:38 The subprime auto loan market isn't the only place where delinquencies are rising. New data shows foreclosures hitting their highest level in a year while the number of borrowers who have been foreclosed on twice has tripled since the housing bust.

Why Greek Shipping Billionaires Are Sweating

Submitted by Tyler Durden on 03/09/2015 - 15:15 It may come as a surprise to some that across from the stark Greek economic calamity is an industry that has swam, so to say, while everything else has sunk, because while virtually every other aspect of the Greek economy is in shambles, its shipping industry is not only the pride of the nation, but has created more Greek billionaires than any other aspect of the economy. As Bloomberg recounts, Greeks have long dominated the shipping business. The nation’s fleet, numbering 3,669 vessels in 2013, is the largest in the world, according to the annual report of the Union of Greek Shipowners, making up more than 7 percent of the Greek economy and providing 192,000 jobs in 2013. And, perhaps most relevant, Greek shipping has also made billionaires of the country’s four largest ship owners by tonnage: John Angelicoussis, George Prokopiou, Peter Livanos and George Economou. The quartet control a combined fortune of $7.6 billion. It is these billionaires that are now suddenly sweating...

The New Normal Of "Anything Goes" And "Nothing Matters" Is Turning Lethal

Submitted by Tyler Durden on 03/09/2015 - 14:15 The consequence will not be eternal virtual prosperity, but rather a wrecked accounting system for the operations of civilized human life. We’ve stepped across the event horizon of that consequence, but we just don’t know it yet. Our bet is that we start feeling the effects sooner rather than later; and when it is finally felt, all the Kardashian videos in this universe and a trillion universes like it will not avail to distract us...

The Bubble Is Complete: 'Smart Money' Buys Into Bespoke Tranche "Opportunity" (Again)

Submitted by Tyler Durden on 03/09/2015 - 13:46 Single-name CDS performance suggests investors are buying the "opportunity" Citi and Goldman are selling, providing further proof that we truly will never learn.

Dear Mr. Market, "It's Not Different This Time"

Submitted by Tyler Durden on 03/09/2015 - 13:30 Dear Mr. Market,
I’m writing to you about the sharp lift in equity valuations over the past month...

"Size Matters" For ECB Which Runs Into Unexpected Monetization Problem

Submitted by Tyler Durden on 03/09/2015 - 12:25 Mario Draghi is forced to buy "small" amounts of EGBs on first day of QE, casting further doubt on the viability of PSPP. If the ECB is unable to meet its monthly asset purchase targets expect chaos, as the market has spent the last several months front running the program and would be absolutely horrified if DOMO has to be downsized.

Presenting The Buyers Of More Than 100% Of New German And Japanese Bond Issuance

Submitted by Tyler Durden on 03/09/2015 - 11:38 We already know that the Bank of Japan will monetize 100% or just over of all Japanese gross sovereign bond issuance (source). As for Germany, on a run-rate basis, and assuming allocation based on the abovementioned capital key, it means that for the next 12 month period, assuming no major funding changes in Germany, the ECB will swallow more than a whopping 140% of gross German issuance! Or, said otherwise, the entities who will buy more than all gross German and Japanese issuance for the next 12 months, are the ECB and the Bank of Japan, respectively. 

Strong dollar as deflation bites

by Alasdair Macleod, Gold Money:
Currency wars have intensified this week driving the US dollar sharply higher against the euro, yen and pound.
Minor currencies are also deliberately devaluing against the world’s reserve currency. According to Zerohedge, 21 central banks have cut interest rates since 1st January. The signal this sends out is that people everywhere appear to be showing an increasing preference for money over goods, commonly associated with deflation.
Precious metals have been pinned down in the cross-fire. At the root of this currency war is a strong dollar, contributing to weak commodity prices, and since western analysts are generally uncertain of the role of precious metals in modern financial markets, they see no reason to recommend buying gold and silver. Over the week the gold price fell over 1% to $1196 by early-morning trading in London today, and silver by 2.5% to $16.12. However, the detail in market action suggests physical demand continues to be reasonably strong on falling dollar prices, and westerners are still emptying their vaults to supply it.
Read More @ GoldMoney.com
 

Anti-Gold Propaganda In The West At An All-Time High

by Dave Kranzler, Investment Research Dynamics:
I’ve been involved in every aspect of the precious metals market since late 2001 and I’ve never heard of Rick Spooner or CMC markets…Rick Spooner? Why not just drag out Pee Wee Herman and have him read off a teleprompter?
CNBC, Ansuya Arjani and anti-gold terrorism
With gold under the most intense market manipulation effort in history from the western Central Banks, leave it to none other than CNBC to amplify the media’s anti-gold propaganda effort. Little bit of history. CNBC has been anti-gold since the nascence of gold’s bull market. GATA’s Bill “Midas” Murphy was interviewed on CNBC in February 1999, right around the time the Bank of England was starting to drop 400 tonnes – half of England’s gold – onto the market. Bill told the truth about the gold manipulation and was banned from appearing on CNBC ever since.
Read More @ Investmentresearchdynamics.com

 

Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie

by Michael Snyder, The Economic Collapse Blog:
On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession.  In fact, according to the Wall Street Journal, some Federal Reserve officials believe that “the U.S. economy is already at full employment“.  But how can this possibly be?  It certainly does not square with reality.  Personally, I know people that have been struggling with unemployment for years and that still cannot find a decent job.  And I get emails from readers all the time that are heartbroken because they are suffering through extended periods of unemployment.  So what in the world is going on?  How can the government be telling us that we are nearly at “full employment” when so many people can’t find work?  Could it be possible that the government numbers are misleading?
Read More…
 

A Terrifying World Of Bubbles And Geopolitical Chess Moves – Meanwhile, Where Is The Gold?

from KingWorldNews:
John Embry: “Last week was a particularly bizarre one for gold and silver. All week any rallies were viciously rebuffed, so I was very uncomfortable going into Friday. Then the extremely bogus U.S. Jobs Report, which Michael Pento brilliantly commented on, facilitated a total slaughter in gold, silver and the mining shares….
“The HUI broke down completely from what appeared to be a strong base around 180. This was an operation by the Western central banks and their bullion bank agents and it wasn’t disguised in the least.
This brings me to the all-important question: What is really going on behind the scenes? There are so many bizarre developments. Negative interest rates in Europe are ridiculous. Who in their right mind would hold the paper of these bankrupt countries and pay them for the privilege of doing it?
John Embry Continues @ KingWorldNews.com

 

THE DAY THE SPINELESS FASB ACCOUNTANT WEENIES AGREED TO ALLOW WALL STREET BANKS TO REPORT FRAUDULENT FINANCIAL STATEMENTS

from The Burning Platform:
The captured corporate MSM is celebrating the six year anniversary of when the stock market bottomed in March 2009. They will spin a false narrative of Bernanke, Obama and Geithner saving the world with TARP, QE, and the $800 billion Porkulus bill. What great heroes. Bernanke now gets $300,000 for a lunchtime speech at Bank of America gatherings. He is raking in north of $10 million per year now. He made $200,000 per year as the Fed Chairman. His wisdom must be on par with Jesus Christ to get $300,000 for a one hour speech. Bernanke’s Sermon on the Mount tour:
The millions he is getting paid by the Wall Street banks for speeches isn’t a payoff. Right?
Read More @ TheBurningPlatform.com

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