Something stunning took place earlier this week, and it quietly snuck
by, unnoticed by anyone as the “all important” FOMC meeting was looming.
That something could have been taken straight out of the playbook of
either Cyprus, or Greece, or the USSR “evil empire”, or all three.Read More @ ZeroHedge.com
When The World's Reserve Currency Flash Crashed: "I Haven’t Seen Anything Like It Since The Financial Crisis’
Submitted by Tyler Durden on 03/20/2015 - 14:23 On Wednesday afternoon, just after the close of the market, the US Dollar, the world's reserve currency flash crashed. “I haven’t seen anything like it since the financial crisis,” said Paul Lambert, head of currency at Insight Investment, which manages $480 billion of assets. For a few minutes on Wednesday, the lack of dollar buyers caused a short-term freeze in electronic trading platforms, according to a New York-based trader at a major currency-dealing bank. “There was a lot of shouting on the desk, a lot of nervousness,” the trader said.
The decision by major European powers to join the $50 billion
China-backed Asian Infrastructure Investment Bank (AIIB) is a
significant blow to the United States. It is a clear sign that, amidst
deepening global stagnation, the economic mechanisms through which the
US has exerted its hegemony are breaking down as other imperialist
powers assert their independent interests.The initial blow came last Thursday when the British government of Prime Minister David Cameron announced that it would become a founding member of the bank. An unnamed White House official responded by denouncing “a trend towards constant accommodation” with China that was “not the best way to engage a rising power.”
Read More @ Globalresearch.ca:
Re post...
Paul Tudor Jones Warns "Disastrous Market Mania" Will End In "Revolution, Taxes, Or War"
Submitted by Tyler Durden on 03/20/2015 - 07:34 "This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of a disastrous market mania," adding "one of worst of my life." Perhaps most ominously, he concludes, historically this ends "by revolution, higher taxes or wars. None are on my bucket list."
Vladimir Putin Proposes "Eurasian" Currency Union
Submitted by Tyler Durden on 03/20/2015 - 17:32 While the distraction that is the stock market continues to enthrall most Americans, the big shots in the global monetary which for now are taking place behind the scenes, are getting ever louder. One person who is paying attention to the failure of the US to grasp that the unipolar world of the 1980s is long gone, is Russia's Vladimir Putin, who earlier today proposed creating a "Eurasian" currency union which would have Belarus and Kazakhstan as its first members, which already are Russia's partners in a political and economic union made up of former Soviet republics.
The Farce That Is The "Market" In One Chart
Submitted by Tyler Durden on 03/20/2015 - 16:38 This is what happened to the world's most valuable company in the last minutes of trading, when a few million shares in the last 10 minutes, and a volume slam in the last few seconds, sent the stock from just shy of $128 where it had been trading most of the day, to just over $125. A nearly $10 billion move in market cap in seconds.... on nothing.
by Alasdair Macleod, Gold Money:
China and Russia have taken the lead in establishing the Asian
Infrastructure Investment Bank (AIIB), seen as a rival organisation to
the World Bank and the Asian Development Bank, which are dominated by
the United States with Europe and Japan.
These banks do business at the behest of the old Bretton Woods* order. The AIIB will dance to China and Russia’s tune instead.
The geopolitical importance was immediately evident from the US’s negative reaction to the UK’s announcement this week that it would join the AIIB. And very shortly afterwards France, Germany and Italy also defied the US and announced they might join. In the Pacific region, one of America’s closest allies, Australia, says she is considering joining too along with New Zealand. The list of US allies seeking to join is growing. From a geopolitical point of view China and Russia have completely outmanoeuvred the US, splitting both NATO and America’s Pacific alliances right down the middle.
Read More @ GoldMoney.com
image/chinadaily.com
China and Russia have taken the lead in establishing the Asian
Infrastructure Investment Bank (AIIB), seen as a rival organisation to
the World Bank and the Asian Development Bank, which are dominated by
the United States with Europe and Japan.These banks do business at the behest of the old Bretton Woods* order. The AIIB will dance to China and Russia’s tune instead.
The geopolitical importance was immediately evident from the US’s negative reaction to the UK’s announcement this week that it would join the AIIB. And very shortly afterwards France, Germany and Italy also defied the US and announced they might join. In the Pacific region, one of America’s closest allies, Australia, says she is considering joining too along with New Zealand. The list of US allies seeking to join is growing. From a geopolitical point of view China and Russia have completely outmanoeuvred the US, splitting both NATO and America’s Pacific alliances right down the middle.
Read More @ GoldMoney.com
image/chinadaily.com
by Alden Morris, Natural News:
Ammo, weapons, food, and medical supplies are all obvious to have
during any crisis but more comprehensive items such as ‘how to’ books,
spirits, and essential tools will prove to be necessary as well.
It is well understood what items are going to be needed in the event of an economical crisis. Usually these items include ammunition, food, medical supplies, clothing, and shelter but what happens in case of a ‘bug out’ situation or when these prepared items run low or completely out? Instead, it is crucial to understand what may be needed under every circumstance during an event such as an economical crisis. Some unspoken items that are never mentioned that will be needed include books, alcohol, seeds, tools, and anything else that can create bartering power.
Read More @ NaturalNews.com
Ammo, weapons, food, and medical supplies are all obvious to have
during any crisis but more comprehensive items such as ‘how to’ books,
spirits, and essential tools will prove to be necessary as well.It is well understood what items are going to be needed in the event of an economical crisis. Usually these items include ammunition, food, medical supplies, clothing, and shelter but what happens in case of a ‘bug out’ situation or when these prepared items run low or completely out? Instead, it is crucial to understand what may be needed under every circumstance during an event such as an economical crisis. Some unspoken items that are never mentioned that will be needed include books, alcohol, seeds, tools, and anything else that can create bartering power.
Read More @ NaturalNews.com
by Dave Kranzler, Inevstment Research Dynamics:
As my undergrad English major advisor used to say: “This is old wine in a new bottle.” Meaning, you can dress up a pig but underneath the fancy clothes it’s still a pig. The “new” London gold fix will enable the big bullion banks to continue rigging the paper gold market and looting investor money. They are now emboldened to do it in broad daylight and without masks.
This applies wholeheartedly to the “new” LBMA fix. Given that the reporting of the GOFO rates has been eliminated and the “new” price data has fancy lipstick but is even less informative than the LBMA’s old data reporting, the “new” London gold price fix is at least – if not more – corrupted than the old fix.
Read More @ InevstmentResearchDynamics.com
As my undergrad English major advisor used to say: “This is old wine in a new bottle.” Meaning, you can dress up a pig but underneath the fancy clothes it’s still a pig. The “new” London gold fix will enable the big bullion banks to continue rigging the paper gold market and looting investor money. They are now emboldened to do it in broad daylight and without masks.
This applies wholeheartedly to the “new” LBMA fix. Given that the reporting of the GOFO rates has been eliminated and the “new” price data has fancy lipstick but is even less informative than the LBMA’s old data reporting, the “new” London gold price fix is at least – if not more – corrupted than the old fix.
Read More @ InevstmentResearchDynamics.com
from Off Grid Survival:
American officials are confirming that Iranian Military commanders
have endorsed a plan to attack the United States with a strategic EMP
blast that could cripple the country’s power grid for months, possibly
years.
The news was leaked earlier this week when Dr. Peter Vincent Pry, Executive Director of the Task Force on National and Homeland Security and Director of the U.S. Nuclear Strategy Forum, wrote a column for an Israeli news organization. He warned that American defense experts made the discovery when translating an Iranian military handbook.
Read More @ OffGridSurvival.com
American officials are confirming that Iranian Military commanders
have endorsed a plan to attack the United States with a strategic EMP
blast that could cripple the country’s power grid for months, possibly
years.The news was leaked earlier this week when Dr. Peter Vincent Pry, Executive Director of the Task Force on National and Homeland Security and Director of the U.S. Nuclear Strategy Forum, wrote a column for an Israeli news organization. He warned that American defense experts made the discovery when translating an Iranian military handbook.
Read More @ OffGridSurvival.com
by Mac Slavo, SHTFPlan:
The water crisis in California is reaching epic proportions.
And it’s going to cost everyone, big time.
After a sustained drought, NASA has reported that the state has less than one year of water reserves remaining, with no back up plan if things go wrong.
Now, there is so much demand for water in Southern Californian cities, that many farmers are opting to sell their water rights to urban dwellers – not just at a premium, but at an unbelievable and unprecedented rate.
Read More @ SHTFPlan.com
The water crisis in California is reaching epic proportions.And it’s going to cost everyone, big time.
After a sustained drought, NASA has reported that the state has less than one year of water reserves remaining, with no back up plan if things go wrong.
Now, there is so much demand for water in Southern Californian cities, that many farmers are opting to sell their water rights to urban dwellers – not just at a premium, but at an unbelievable and unprecedented rate.
Read More @ SHTFPlan.com
by Lawrence Williams, MineWeb.com :
The new benchmarking process for gold in London has begun today, but
without any direct Chinese involvement as yet. The new London Gold Fix –
or LBMA Gold Price – as it is now called is beginning with only a small
change from the participants in the old system – Barclays, HSBC, SocGen
and Bank of Nova Scotia, will now be joined by UBS and Goldman Sachs to
make up the number to six.
According to the LBMA there is as yet going to be no direct participation by any of the three Chinese banks which have expressed interest in joining and would appear to qualify for inclusion under the strict guidelines for doing so. The first new LBMA Gold Price benchmark price under the new system came in at $1171.75 at 10.30 am GMT this morning.
Read More @ MineWeb.com
The new benchmarking process for gold in London has begun today, but
without any direct Chinese involvement as yet. The new London Gold Fix –
or LBMA Gold Price – as it is now called is beginning with only a small
change from the participants in the old system – Barclays, HSBC, SocGen
and Bank of Nova Scotia, will now be joined by UBS and Goldman Sachs to
make up the number to six.According to the LBMA there is as yet going to be no direct participation by any of the three Chinese banks which have expressed interest in joining and would appear to qualify for inclusion under the strict guidelines for doing so. The first new LBMA Gold Price benchmark price under the new system came in at $1171.75 at 10.30 am GMT this morning.
Read More @ MineWeb.com
by Dr. Jeffrey Lewis, Silver-coin-investor:
Physical silver held in personal possession is a cheap option; an
option being simply a choice. The best choices have a very low downside
—and infinite upside. Options and optionality are not exclusive to
financial markets.
Silver, mainly because its price is dominated by commercial investment bank goliaths, has massive asymmetry. It’s super cheap relative to its real supply and demand fundamentals. All it needs is a storm to disrupt that hold. That storm is inevitable.
Nasim Taleb’s recent book, “Antifragile”, examines the concept of optionality in his elaboration of the idea that anti fragile options are those that benefit or grow from chaos and disorder.
Read More @ Silver-coin-investor.com
Physical silver held in personal possession is a cheap option; an
option being simply a choice. The best choices have a very low downside
—and infinite upside. Options and optionality are not exclusive to
financial markets. Silver, mainly because its price is dominated by commercial investment bank goliaths, has massive asymmetry. It’s super cheap relative to its real supply and demand fundamentals. All it needs is a storm to disrupt that hold. That storm is inevitable.
Nasim Taleb’s recent book, “Antifragile”, examines the concept of optionality in his elaboration of the idea that anti fragile options are those that benefit or grow from chaos and disorder.
Read More @ Silver-coin-investor.com
from TheAlexJonesChannel:
Police in western New York state have been ordered to reveal secret
documents containing information on the purchase and use of surveillance
technology that collects data from cellphones.On Tuesday, a New York State Supreme Court judge said that Erie County’s top law enforcement agency must turn over documents concerning its use of a spy tool that gives authorities the ability to collect identifying information on groups of people, including individualized location data, by mimicking the behavior of cellular phone towers.
Read More @ TheDailySheeple.com
From Investors Intelligence, whose legendary work is revered around
the globe: “Ecouraging action on the P&F price chart for the gold
& silver miners led us to analyze the sector. We consider the
potential for further strength.Rotations into the gold & silver miners from the S&P 500, banks, transports, consumer staples, industrials and biotech are assessed. The final sector is the only area we would not rotate from.
Read More @ KingWorldNews.com
from The News Doctors:
If she wasn’t such an ice-cold-hearted person, one might almost feel
sorry for Hillary Rodham Clinton. Now, before she even officially
declares her candidacy for the Democratic Party nomination in 2016 to
become successor to Barack Obama as President, she lands in the middle
of another very ugly scandal. This new scandal might well spell the end
of her presidential obsession, and that of her obsessive husband Bill
Clinton to get back into the power loop.
The new scandal involves Haiti, that tormented island in the Caribbean which gets hit not only by earthquakes but also by the ravages and looting acts of the Clintons and their friends and relatives. It involves obvious misuse of Bill Clinton’s position in Haiti since the January 2010 earthquake that killed more than 300,000 Haitians. It involves nepotism with the brother of Hillary Clinton. It involves Hillary directly, and it involves a foundation owned by the Clinton family which works closely with a reputed Mexican narco kingpin and some of the dirtiest Clinton political associates from their days in Washington.
Read More @ TheNewsDoctors.com
If she wasn’t such an ice-cold-hearted person, one might almost feel
sorry for Hillary Rodham Clinton. Now, before she even officially
declares her candidacy for the Democratic Party nomination in 2016 to
become successor to Barack Obama as President, she lands in the middle
of another very ugly scandal. This new scandal might well spell the end
of her presidential obsession, and that of her obsessive husband Bill
Clinton to get back into the power loop.The new scandal involves Haiti, that tormented island in the Caribbean which gets hit not only by earthquakes but also by the ravages and looting acts of the Clintons and their friends and relatives. It involves obvious misuse of Bill Clinton’s position in Haiti since the January 2010 earthquake that killed more than 300,000 Haitians. It involves nepotism with the brother of Hillary Clinton. It involves Hillary directly, and it involves a foundation owned by the Clinton family which works closely with a reputed Mexican narco kingpin and some of the dirtiest Clinton political associates from their days in Washington.
Read More @ TheNewsDoctors.com
from ZeroHedge:
Well, that escalated quickly…
And then there were none. Like dominoes, US allies have fallen in line on the heels of the UK’s decision to join the China-sponsored Asian Infrastructure Investment bank and now, the stanuchest supporter of Washington’s position on the venture looks set to defect as well.
Read More @ Zerohedge.com
Well, that escalated quickly…
And then there were none. Like dominoes, US allies have fallen in line on the heels of the UK’s decision to join the China-sponsored Asian Infrastructure Investment bank and now, the stanuchest supporter of Washington’s position on the venture looks set to defect as well.
Read More @ Zerohedge.com
from Western Journalism:
Making the case is easy—getting DOJ or the Republican hierarchy to prosecute is hard.
The case:
1) Mrs. Clinton admitted to destroying 30,000 “personal” emails after the subpoenas started coming in.
2) It is a crime under 18 U.S.C. Section 1519 (part of the Sarbanes-Oxley Act) to destroy even one communication to preclude its being subpoenaed.
Read More @ WesternJournalism.com
Making the case is easy—getting DOJ or the Republican hierarchy to prosecute is hard.The case:
1) Mrs. Clinton admitted to destroying 30,000 “personal” emails after the subpoenas started coming in.
2) It is a crime under 18 U.S.C. Section 1519 (part of the Sarbanes-Oxley Act) to destroy even one communication to preclude its being subpoenaed.
Read More @ WesternJournalism.com
Caught on Hot Mic – Janet Napolitano Says “We Don’t Have to Listen to This Crap”
Submitted by Tyler Durden on 03/20/2015 - 15:56 University of California President Janet Napolitano wants students' voices to be heard — unless it means "listening to their crap."Which European National Central Bank Is Most Likley To Become Insolvent, And What Happens Then?
Submitted by Tyler Durden on 03/20/2015 - 15:37 In the aftermath of the ECB's QE announcement one topic has received far less attention than it should: the unexpected collapse of risk-sharing across the Eurosystem as a precursor to QE. This is what prompted "gold-expert" Willem Buiter of Citigroup to pen an analysis titled "The Euro Area: Monetary Union or System of Currency Boards", in which he answers two simple yet suddenly very critical for the Eurozone questions: which "currency boards", aka national central banks, are suddenly most at risk of going insolvent, and should the worst case scenario take place, and one or more NCBs go insolvent what happens then?100,000 Layoffs And Counting: Is This The New Normal?
Submitted by Tyler Durden on 03/20/2015 - 15:15 "This time a year ago, the oil industry's biggest problem was finding a way to deal with the “retirement tsunami” about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom. Now, with oil prices still in the doldrums, many of those same workers are lucky to be hanging onto their jobs, while others have been booted from the payroll as an ugly wave of layoffs takes hold."
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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