Friday, April 24, 2015

Man Asked To Speak To Chinese Officials Warns Elite Have The World Headed For Disaster


from KingWorldNews:
The United States needs a wake-up call and the loss of leadership and credibility on economic issues is exacerbated by the dysfunction and divisive nature on Capital Hill. Also, no longer is the US a reliable partner internationally (redlines are blurred). Respect, compromise or reasoning have been lost in the ideological battles as the priority of politicians seems more ideological than issues driven today.
The world’s financial elite ignore thousands of years of history that proves money printing never works, and everyone celebrates every round of quantitative easing with new market highs. The era of quantitative easing has spawned an extraordinary financial bubble that shares the same characteristics as the housing bubble whose origins began with the same central banks determined to give everyone a house. This bubble, like others will end badly.
John Ing Continues @ KingWorldNews.com


Man Who Predicted Collapse Of Euro Against Swiss Franc Warns World In For Another Major Surprise

from Kingworldnews:
There is clearly apathy in the gold market now. Gold has essentially gone sideways for the last couple of years. Gold was at these levels in June of 2013. So for two years gold has been trading sideways with some volatility. And of course after the big run-up from 1999 – 2011, people have become tired of gold and are much more excited by the stock market. But gold has a completely different role. People don’t buy gold for short-term gains. People buy gold to protect their careful savings of a lifetime against the unprecedented risks that the world now faces.
Most Countries Are Bankrupt
Most industrialized countries are bankrupt, particularly in the West. Economies in the West and emerging markets are now stagnating. Central banks worldwide have printed trillions of dollars and credit has grown exponentially, but very little of the printed money has reached the global economy because the banks are bankrupt. If the banks valued their toxic assets at market value, no major bank would be standing.
Egon von Greyerz Continues @ King World News

Global Capitalism and the Global Police State: Crisis of Humanity and the Specter of 21st Century Fascism

by Prof William I. Robinson, Global Research:
The world capitalist system is arguably experiencing the worst crisis in its 500 year history. World capitalism has experienced a profound restructuring through globalisation over the past few decades and has been transformed in ways that make it fundamentally distinct from its earlier incarnations. Similarly, the current crisis exhibits features that set it apart from earlier crises of the system and raise the stakes for humanity.
If we are to avert disastrous outcomes we must understand both the nature of the new global capitalism and the nature of its crisis. Analysis of capitalist globalisation provides a template for probing a wide range of social, political, cultural and ideological processes in this 21st century. Following Marx, we want to focus on the internal dynamics of capitalism to understand crisis. And following the global capitalism perspective, we want to see how capitalism has qualitatively evolved in recent decades.
Read More @ Globalresearch.ca

China’s Stealth Ploy to Sabotage the Dollar

from Outsider Club:
If the Federal Reserve doesn’t single-handedly murder the U.S. dollar, China will. And it’s going to do it with the dollar’s antithesis. It’s going to do it with gold…
I’ll get to that in a minute, but first let me re-cap what’s happening in the international economy.
Global Liquidity Squeeze
In case you haven’t noticed, the global economy is on the brink. A worldwide credit crunch is unfolding as we struggle to find superficial ways to crawl out of this black hole of debt we’ve created. Most nations are doing so in vain.
Read More @ OutsiderClub.com




"I’m Not Crazy, I’m Scared" - Why For One Trader, This Time It Is Different

"What is different this time? Central banks are driving all investment decisions, and what this implies is that they are in this trade so  deeply that there is no obvious or practical exit.... This is a dangerous situation. The focus must return to the REAL economy; we cannot trade our way out of past mistakes."

Investors Should Be Wary As The Market Soar

from WallStForMainSt:





Why Nav Sarao Had To Be Destroyed: He Found A Way To Beat The HFTs At Their Own Game

Today, we find precisely how and why Sarao was singled out: he not only ratted out the parasitic trading strategies of the real culprits behind the broken market, the massive HFT firms (such as Virtu which just went public just a day before the Sarao charges were filed) which gave the "regulators" no choice: one of them had to be put away for good, but found a way to capitalize on the algos' stupidity, and actually make money by beating them at their own game.  As such, regulators and exchanges such as the CFTC and CME had no choice but arrest him and prevent him from trading ever again!


McDonald’s to Close 700 Stores

by Kit Daniels, Infowars:
McDonald’s closed 350 stores in the first three months of 2015 and is planning to close an additional 350 by the end of the year.
The struggling fast food giant recently announced it was closing 350 poorly performing stores this year, but on Wednesday McDonald’s admitted it had closed a previously unannounced 350 stores in the U.S., Japan and China.
“Earlier on Wednesday, McDonald’s reported an 11% decrease in revenue and a 30% drop in profit for the first three months of year, a continuation of its troubles in the last two years as it has struggled to compete with new U.S. competitors, a tough economy in Europe and a food safety scare in Asia,” Fortune reported.
Read More @ Infowars.com




Puerto Rico Warns Of Imminent Government Shutdown Due To "Liquidity Crisis"

"A government shutdown is very probable in the next three months due to the absence of liquidity to operate," Puerto Rico's finance officials warn, in an effort to shock lawmakers into action and avoid a potential "PRimbo".




Of Bonds & Bankers: Impossible Things Are Commonplace

There was once a time, perhaps, when unprecedented things happened only occasionally. In today’s financial markets, unprecedented things are commonplace. The Queen in Lewis Carroll’s ‘[Alice] Through the Looking-Glass’ would sometimes believe as many as six impossible things before breakfast. She is probably working in the bond markets now, where believing anything less than twelve impossible things before breakfast is for wimps.




"F*ck This Court": Woman Who Took AK-47 To Jailbreak Pens Epic Rant Against Judge

A woman who was arrested for allegedly plotting to break her husband out of jail pens an expletive-ridden tirade against a judge who dismissed her $10 billion lawsuit against the state. She also included an eloquent tax manifesto for good measure.




When Wall Street's Weathermen Begin To Panic

Having prpmised silver-linings after each and every disappointing data item of the last two months, it appears even the sell-side's most ardent optimist has thrown in the towel (along with Goldman) as Deutsche's Jo Lavorgna stokes the "no rate hike please" meme after today's dismal durable goods data...




"Greece Can No Longer Withstand The Waves Of Desperate People Arriving From War Zones"

"The EU and US need to hear the pleas coming from the southern European countries, as well as those of the refugees. The humanitarian catastrophe has reached large scale, with profound and irreversible consequences. Greece is paying a disproportionately high price, although Greece played no role in triggering this catastrophe. The EU and the US have the moral obligation, which is also consistent with their long-term interests, to take the necessary steps to put an end to the suffering of those in war zones, while at the same time preventing Greece’s collapse under the mounting pressure of refugees."


Worst Drop In Core Durable Goods Since December 2012

Having missed expectations for 5 of the last 7 months, Durable Goods New Orders jumped 4% MoM in March - the biggest jump since the July Boeing aberration (all driven by a 112% surge in defense Aircraft new orders). Durable Goods New Orders (ex-Transports) fell 0.2% MoM (missing expectations of a 0.3% rise) for the biggest YoY drop since 2012, and under the covers it is ugly - Capital Goods New Orders non-defense, ex-aircraft have now fallen for 7 straight months, missing expectatons dramatically (-0.5% vs +0.3% exp.). These numbers have never fallen for this long a period without a recession.


BIS president in 1981: We’ve got to start rigging the gold market

by Chris Powell, GATA:

Dear Friend of GATA and Gold:
“Regulating the gold price in the free market” was recommended to central banks by the president of the Bank for International Settlements,” Jelle Zijlstra, in a speech at International Monetary Fund headquarters in Washington in September 1981.
The speech, located this week by gold researcher and GATA consultant Ronan Manly, was given as a lecture memorializing the former managing director of the IMF, Per Jacobsson.
Those who follow GATA may recall that Zijlstra, who was president of the Netherlands Central Bank simultaneously with his holding office at the BIS, wrote in his memoirs in 1992 that the price of gold long had been held down by central banks at the behest of the United States, which sought to minimize competition for the dollar as the international reserve currency:
Read More @ Gata.com

Dear CFTC... Here Is Today's Illegal S&P 500 "Spoofing"
















JIM WILLIE: National Default, Dollar Collapse, Global Economic Crisis (Part 1)

from FinanceAndLiberty:

Here is Part 2



11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

by Michael Snyder, The Economic Collapse Blog:
Well, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us.  The following are 11 signs that we are entering the next phase of the global economic crisis…
Read More…

Foreign Government (Michael Rivero)

from e33State:



Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound

from Gold Core:
With the British general election due in just under two weeks on May 7, concerns are growing about the outlook for the UK pound after the election and the long term outlook of the UK economy due to the extremely high levels of debt – particularly in the private sector in the UK.
UK debt has continued to rise throughout the recovery and has soared to an eye-watering £1.48 trillion. In recent days, a slew of foreign exchange analysts have warned that the pound is vulnerable to falling in value.
London’s Telegraph warned last week that election ‘chaos’ could lead to a “Lehman moment” for the pound. The pound has been in steady decline since July apparently due to traders pricing in uncertainty around the election. It is currently trading at $1.51, down from $1.71 in July.
Read More @ GoldCore.com

Marines Training For “Riot Control” As Citizens Fear Jade Helm 15 Is Out Of Control

from Economic News TV:


FDIC Plots a Bank Heist Involving YOUR Accounts

from Market Daily News:
There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We’ve long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers’ nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we’re used to, the bail-in will come upon you quickly, harshly, and with finality.
Read More @ MarketDailyNews.com



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