Best-selling author Nomi Prins says the only thing propping up the system is money printing.
The tip of the iceberg was the Greek debt crisis. Prins says, “Before it happened, there was a lot of concern at the central bank level. That wasn’t really discussed very much in the press . . . but I believe behind the scenes there were a lot of fearful conversations about the financial system, not just the relationship of the euro and Greece politically, which was a part of it, but you don’t want any chips to fall off your table. Anything could open the door for a run on liquidity (cash), which is also why I talk about what individuals should do more and more now is try to preserve their own liquidity and to take more cash out of the markets or out of banks to just have on the side before this period of volatility, before we have the actual crash. This is a tenuous situation. I am afraid of things that look like a bail-in up to the level of a bail-in.”
Read More @ USAWatchdog.com
from KingWorldNews:
The Fed continues to deny inflation. Yet their denials are now almost a
joke, with nearly every conceivable item in daily use rising in price.
Furthermore, with the minimum wage rising across the nation, inflation
is now starting to accelerate.
Industrials are again above the critical 18,000 level, with the Nasdaq above 5,000 again and flirting with a record high. Are the averages forecasting an economic boom ahead? The Transports continue to deny the good times. The lowly Transports are telling us that something is very wrong. The action of one average alone (Industrials) cannot forecast things to come. The Transports continue to negate the Industrials’ forecasts of good times ahead.
Richard Russell Continues @ KingWorldNews.com
The Fed continues to deny inflation. Yet their denials are now almost a
joke, with nearly every conceivable item in daily use rising in price.
Furthermore, with the minimum wage rising across the nation, inflation
is now starting to accelerate.Industrials are again above the critical 18,000 level, with the Nasdaq above 5,000 again and flirting with a record high. Are the averages forecasting an economic boom ahead? The Transports continue to deny the good times. The lowly Transports are telling us that something is very wrong. The action of one average alone (Industrials) cannot forecast things to come. The Transports continue to negate the Industrials’ forecasts of good times ahead.
Richard Russell Continues @ KingWorldNews.com
Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
Submitted by Tyler Durden on 07/22/2015 - 09:54 There has now been an unprecedented 31 consecutive months of CAT retail sales declines. This compares to "only" 19 during the near systemic collapse in 2008. In other words, if global demand for heavy industrial machinery, as opposed to unemployed millennials' demands for $0.99 Apple apps, is any indication of the true underlying economy, forget recession: the world is now in a second great depression which is getting worse by the month.
China's Record Dumping Of US Treasuries Leaves Goldman Speechless
Submitted by Tyler Durden on 07/22/2015 - 08:57 Something is very rotten in the state of China, and its crashing, manipulated stock market is merely the tip of the iceberg.
Bonds Say Let The Rate Hikes Begin: 1Y Bills Sells At Highest Yield In 5 Years
Submitted by Tyler Durden on 07/22/2015 - 12:05 The US Treasury sold $25 billion of one-year T-bills at an interest rate of 33bps yesterday, the highest since June 2010. It appears the short-end of the yield curve is increasingly pricing in 'liftoff' sooner rather than later (and the long-end is responding by rallying - lower in yield - as medium term growth expectations fade) but it raises significant questions about the economic trajectory after the hike (and the ebbing confidence in The Fed).
In Case You Needed Any More Proof That There Is No Bond Market Liquidity Left...
Submitted by Tyler Durden on 07/22/2015 - 11:38 Here are just two anecdotes to confirm that not virtually nobody is left to trade bonds any more (as confirmed by the plunging FICC revenues reported by the big banks in Q2), but the reason for this is that there is no bond market liquidity left, a topic extensively covered here for the past 3 years.
Will The Oil Patch Bust Trigger Recession?
Submitted by Tyler Durden on 07/22/2015 - 11:16 This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that's coming due. The row of dominoes swaying unsteadily in these stiff winds won't take much to topple.
Fool Me Once...
Submitted by Tyler Durden on 07/22/2015 - 11:01 Once again, US equity markets are algorithmically surging as Treasury bonds are aggressively bid. It didn't end well yesterday, and we suspect won't today either...
Ongoing Greece Deposit Run Forces ECB To Boost Greek ELA Ceiling Yet Again
Submitted by Tyler Durden on 07/22/2015 - 10:49 Despite the imploring of Greek bankers for Greeks to "take your money out of your chests and houses – which are not safe in any case – and deposit at banks," it appears the Greek bank deposit run continues. As The ECB just announced another €900 million increase in Emergency Liquidity Assistance, strongly suggesting that in the 2 days since the last increase, banks are once again insolvent facing a liquidity crunch as the "banks are trustworthy" propaganda falls on very deaf Greek ears.
WTI Back Below $50 After Inventory Build Takes Crude Stocks To Highest In 80 Years
Submitted by Tyler Durden on 07/22/2015 - 10:40 Following yesterdsy's API data, DOE has confirmed a 2.5 million barrel build in crude inventory - the highest stocks of crude at this time of year in at least 80 years. This was accompanied by a very small drop in production and has squeezed WTI back below $50 (although there was an algo flash-smash up to $50.50 right after the data).
USDJPY Spike Sends S&P Surging Back Into The Green
Submitted by Tyler Durden on 07/22/2015 - 10:25 Within 50 minutes of the US cash market open, the S&P 500 has been ridiculed all the way back to unchanged - erasing all the losses from tech titan turmoil overnight. The reason is simple! USDJPY was manhandled up to 124.00 just as we predicted... the question is - how much further will the BoJ push it?
Existing Home Prices Hit Record; Sales Soar To 8 Year High
Submitted by Tyler Durden on 07/22/2015 - 10:13 Houses have become stocks... the higher the price, the more demand (especially as the government has your back with low down-payment loans and the re-emergence of IOs). With Existing Home Sales soaring to a SAAR of 5.49 million, the highest since early 2007, the fact that median home prices are at an all-time high appears to be any problem for the releveraging American (or Chinese) homebuyer.
Tsipras To Call For Elections "As Soon Bailout Agreed", Wants "Clean Start"
Submitted by Tyler Durden on 07/22/2015 - 10:01 GREECE TSIPRAS WANTS ELECTIONS AS SOON THIRD LOAN AGREED-SRCGREECE PM MULLS SEP 13TH OR 20TH FOR POSSIBLE SNAP POLLS-SRC
Nasdaq Opens With Biggest Gap Down Since January, Dip-Buying Panic Ensues
Submitted by Tyler Durden on 07/22/2015 - 09:35 With ugliness in AAPL and MSFT, Nasdaq has gapped almost 2% lower at the open - its biggest drop since January... So what else would one expect but an algo-driven buying panic at the cash open...
Next Steps For Greek Politics: The Syriza "Endgame" According To Deutsche Bank
Submitted by Tyler Durden on 07/22/2015 - 09:31 "The inherent contradiction of program implementation by a government from within which the bulk of opposition originates will have to be resolved. It is unlikely that uncertainty around the stability of the Greek economy and banking system recedes until this is the case."It's Not Just Greece: Total European Debt Hits New All Time High
Submitted by Tyler Durden on 07/22/2015 - 09:14
Greek Vote Anxiety Sparks Safety Bid In Bonds & Dollar
Submitted by Tyler Durden on 07/22/2015 - 08:57 Ahead of today's crucial Greek vote, it appears investors are seeking safety in the arms of Bunds, Treasuries, and The US Dollar.
by Michael Snyder, The Economic Collapse Blog:
Did you know that the percentage of children in the United States
that are living in poverty is actually significantly higher than it was
back in 2008? When I write about an “economic collapse”, most people
think of a collapse of the financial markets. And without a doubt, one is coming very shortly,
but let us not neglect the long-term economic collapse that is already
happening all around us. In this article, I am going to share with you a
bunch of charts and statistics that show that economic conditions are
already substantially worse than they were during the last financial
crisis in a whole bunch of different ways. Unfortunately, in our 48
hour news cycle world, a slow and steady decline does not produce many
“sexy headlines”. Those of us that are news junkies (myself included)
are always looking for things that will shock us. But if you stand back
and take a broader view of things, what has been happening to the U.S.
economy truly is quite shocking. The following are 12 ways that the
U.S. economy is already in worse shape than it was during the depths of
the last recession…
Read More…
Did you know that the percentage of children in the United States
that are living in poverty is actually significantly higher than it was
back in 2008? When I write about an “economic collapse”, most people
think of a collapse of the financial markets. And without a doubt, one is coming very shortly,
but let us not neglect the long-term economic collapse that is already
happening all around us. In this article, I am going to share with you a
bunch of charts and statistics that show that economic conditions are
already substantially worse than they were during the last financial
crisis in a whole bunch of different ways. Unfortunately, in our 48
hour news cycle world, a slow and steady decline does not produce many
“sexy headlines”. Those of us that are news junkies (myself included)
are always looking for things that will shock us. But if you stand back
and take a broader view of things, what has been happening to the U.S.
economy truly is quite shocking. The following are 12 ways that the
U.S. economy is already in worse shape than it was during the depths of
the last recession…Read More…
by Heather Callaghan, Natural Blaze:
In exactly four weeks, six doctors have tragically died – several in official, unexplained homicides.
Several are from Florida, including the most recently deceased, Dr. Ronald Oliver Schwartz, age 65 – said by Sheriffs to have been shot to death.
He was a licensed obstetrician and gynecologist, according to the state medical board.
Local 10 News out of Jupiter, Florida reported:
In exactly four weeks, six doctors have tragically died – several in official, unexplained homicides.Several are from Florida, including the most recently deceased, Dr. Ronald Oliver Schwartz, age 65 – said by Sheriffs to have been shot to death.
He was a licensed obstetrician and gynecologist, according to the state medical board.
Local 10 News out of Jupiter, Florida reported:
[Palm Beach County Sheriff’s Office] spokeswoman Teri Barbera said deputies were called to the home of Dr. Ronald Schwartz, 64, in the 9700 block of Mockingbird Trail to perform a welfare check. When deputies arrived [Sunday night], they found Schwartz dead inside.Read More @ NaturalBlaze.com
The Great Game Goes On
from The Wealth Watchman:
Today we take a look at the most shocking revelation of the week: that Putin himself said “no” to funding the Greek drachma, and by extension, an immediate Grexit.
We talk in detail about:
from The Wealth Watchman:
Today we take a look at the most shocking revelation of the week: that Putin himself said “no” to funding the Greek drachma, and by extension, an immediate Grexit.
We talk in detail about:
Precisely why(if true) Putin chose to do this…
How the Ukraine crisis and this decision are likely connected…
The strategy behind such a stunning refusal…
What Russia stood to gain by “ok”ing the Drachma…
What Russia stood to lose by approving it…
And lastly, we ask the ultimate question:
What is Putin’s endgame by making this decision? What is Putin’s ultimate goal?
The world is getting more chaotic by the day….I’m so glad I’ve
already got my sovereign assets out of this insane system. Aren’t you?from X22Report:
by Gary Christenson, Gold Silver Worlds:
Central banks will disagree;
Keynesian economists probably disagree;
Too-Big-To-Fail banks don’t care;
But I think the following is generally accurate regarding the devolution of gold and silver money.
IN THE BEGINNING: Gold and silver coins were used as real money for several thousand years. Gold and silver were universally recognized as a store of value.
140 YEARS AGO: The $20 Gold Double Eagle Coin was globally recognized as money. It contained 0.9675 ounces of gold and its purchasing power was unquestioned.
137 YEARS AGO: The $1 Morgan Silver Dollar was universally appreciated and valued. The silver dollars contained 0.77 ounces of silver, were pretty, used in daily commerce, and minted by the millions in the U.S.
Read More @ GoldSilverWorlds.com
Central banks will disagree;
Keynesian economists probably disagree;
Too-Big-To-Fail banks don’t care;
But I think the following is generally accurate regarding the devolution of gold and silver money.
IN THE BEGINNING: Gold and silver coins were used as real money for several thousand years. Gold and silver were universally recognized as a store of value.
140 YEARS AGO: The $20 Gold Double Eagle Coin was globally recognized as money. It contained 0.9675 ounces of gold and its purchasing power was unquestioned.
137 YEARS AGO: The $1 Morgan Silver Dollar was universally appreciated and valued. The silver dollars contained 0.77 ounces of silver, were pretty, used in daily commerce, and minted by the millions in the U.S.
Read More @ GoldSilverWorlds.com
from ZenGardner:
The greatest lie ever perpetrated and propagated is the lie of the “persistent condensation trail”. Without knowing any of the related science facts on this issue, anyone with a sense of reason should be able to determine the fact that our skies are being sprayed. Trails that are turned on and off, grid patterns one day and nothing the next (in spite of identical atmospheric conditions). Witnessing one jet leaving a trail from horizon to horizon adjacent to another jet at a similar altitude that leaves virtually nothing. Trails of completely dissimilar compositions and colors. Plumes behind jets that do not match the alignment of the engines themselves causing some of the trails to shoot out to one side of the aircraft. There is also of course the fact that climate science circles and governments around the globe are clamoring for climate engineering to be deployed, though none in these communities of tyrants and cowards will yet admit to the truth. Our society has been well trained to accept the official narrative on countless issues which is how those in power hide their crimes in plain site. The fact that so many official explanations are completely contrary to reason and the laws of physics seems not to matter to most of the population, “ignorance is bliss” as the saying goes.
Read More @ ZenGardner.com
The greatest lie ever perpetrated and propagated is the lie of the “persistent condensation trail”. Without knowing any of the related science facts on this issue, anyone with a sense of reason should be able to determine the fact that our skies are being sprayed. Trails that are turned on and off, grid patterns one day and nothing the next (in spite of identical atmospheric conditions). Witnessing one jet leaving a trail from horizon to horizon adjacent to another jet at a similar altitude that leaves virtually nothing. Trails of completely dissimilar compositions and colors. Plumes behind jets that do not match the alignment of the engines themselves causing some of the trails to shoot out to one side of the aircraft. There is also of course the fact that climate science circles and governments around the globe are clamoring for climate engineering to be deployed, though none in these communities of tyrants and cowards will yet admit to the truth. Our society has been well trained to accept the official narrative on countless issues which is how those in power hide their crimes in plain site. The fact that so many official explanations are completely contrary to reason and the laws of physics seems not to matter to most of the population, “ignorance is bliss” as the saying goes.
Read More @ ZenGardner.com
by Joshua Krause, Daily Sheeple:
It’s never been more obvious that Greece has been sold out to the banks. Like many countries before,
their nation has been scheduled to endure poverty and chaos, followed
by a firesale of their assets. The latest evidence of their nation’s
capture by the banks, is the selling of their numerous islands to wealthy buyers.
It’s never been more obvious that Greece has been sold out to the banks. Like many countries before,
their nation has been scheduled to endure poverty and chaos, followed
by a firesale of their assets. The latest evidence of their nation’s
capture by the banks, is the selling of their numerous islands to wealthy buyers.American business magnate, one of the world’s most successful investors, Warren Buffett has reportedly bought the Greek island of Agios Thomas for 15 mln euro, according to the website of the Greek newspaper Proto Thema and became yet another celebrity with his own piece of Greece.Read More @ TheDailySheeple.com
The newspaper says the deal was made in partnership with Italian real estate magnate, millionaire Alessandro Proto.
by Gary Christenson, Deviant Investor:
Bail-Outs:
Read More @ deviantinvestor.com
Bail-Outs:
The US congress bailed-out the banking
sector, General Motors, and others with $700 Billion from TARP. The
Federal Reserve added approximately $4 Trillion to their balance sheet
with Quantitative Easing and other programs in their effort to bail-out
the banking cartel since the 2008 crisis.
Bail-Ins:
Cyprus banks confiscated deposits, after
the elite and insiders exited early, and they called it a bail-in. That
confiscation is the template for future bank failures in Europe,
Canada, the US and other countries. We may eventually see similar
confiscations (bail-ins) in Greek banks, as well as in Spain, Italy,
Ireland, the United States, and others.
There must be a better way! Mathematically unpayable debt,
confiscations of private assets, uncontrolled government spending,
unfunded liabilities, missing gold, paper gold, officially sanctioned
Ponzi Schemes, pension funds on the verge of disaster, and so many more
indicate there must be a better way!Read More @ deviantinvestor.com
by Mac Slavo, SHTFPlan:
Just when you thought they’ve tried every trick up their sleeves to disarm American citizens, the creative minds within the Obama administration have come up with a new idea.
Because seizing firearms from veterans has been so successful, they figure they can give it a shot on a much more massive scale, and they’ll be using a Presidential Executive Order to make it happen.
This time the President will be targeting 4.2 million Americans who are receiving Social Security benefits for disarmament:
Read More @ SHTFPlan.com
Just when you thought they’ve tried every trick up their sleeves to disarm American citizens, the creative minds within the Obama administration have come up with a new idea.Because seizing firearms from veterans has been so successful, they figure they can give it a shot on a much more massive scale, and they’ll be using a Presidential Executive Order to make it happen.
This time the President will be targeting 4.2 million Americans who are receiving Social Security benefits for disarmament:
Read More @ SHTFPlan.com
from McAlvany Financial :
$2.7 BILLION DOLLARS in PAPER Gold were dumped on the market Sunday night at th time of the least possible liquidity. THIS IS manipulation, thanks central banks!
$2.7 BILLION DOLLARS in PAPER Gold were dumped on the market Sunday night at th time of the least possible liquidity. THIS IS manipulation, thanks central banks!
/
![[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)
No comments:
Post a Comment