We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Tuesday, July 19, 2011

Shenanigans with a Capital S

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 1 hour ago

Good evening Ladies and Gentlemen: On Saturday morning, when I looked at the COT report I knew that a raid was coming soon. When I saw the OI in gold rise big time today, there was no question that a raid was forthcoming within the next 24 hours. The clowns did not disappoint me. Gold finished the comex session at $1600.90 down $1.20 from yesterday. The price of silver finished the session at

Gold stymied as sellers dig in

Trader Dan at Trader Dan's Market Views - 2 hours ago

There are some very strange happenings in today's trading session with some very contradictory (or to use a favorite expression, 'counterintuitive') price movements in some of the major markets. Let's start first with the bond market which for some bizarre reason ran up over a full point on the long end supposedly on the (news??) that was made when Obama said an agreement on the debt ceiling looked a bit better. The equity markets went beserk to the upside on the same news while gold and silver were trashed as the need for a safe haven supposedly was decreased but then why would the...

Spike In Cash Assets Screams Warning!

Eric De Groot at Eric De Groot - 8 hours ago

Don't let complexity of analysis obscure the simple messages. A break down of bank credit at commercial banks reflects lackluster business loan creation, a struggling real estate market, a slow decay in consumer spending, a surprising scramble to hold cash assets. The scramble to hold cash assets in excess of the 1980-1981 and 2008 crisis levels screams WARNING. Break down of Bank Credit at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Oops: Boehner Says Gang Of Six Proposal "Appears To Fall Short"

No, the soap opera is not done just yet. According to The Hill the office of John Boehner has said that the Gang of Six proposed $3.7 trillion fluff "settlement" appears to fall short of goals set by House Republicans. "This plan shares many similarities with the framework the Speaker discussed with the president, but also appears to fall short in some important areas. The House is voting today on our 'cut, cap, and balance' plan, and we hope the Senate will take it up soon. That remains our focus,” a Boehner spokesman said. As expected the kicker is the impact on Social Security which will see drastic changes if Chained CPI is implemented in conjunction with cost of living adjustments: "They also are wary of the plan's complicated mechanism for dealing with Social Security. The plan states that Social Security reform only be taken up once the rest of deficit-reduction plan is completed. If Social Security reform is not passed by a 60-vote margin, the earlier vote on the rest of the deficit-reduction package is nullified." The actual impact on COLA was not mentioned by Boehner's office. We expect the AARP will require clarification on the speaker's stance on that issue shortly.

Guest Post: Iran Opens Oil Bourse - Harbinger Of Trouble For New York And London?

The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.

Wealthy Britons Prepare To Flee