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

Michael Pento: Money Supply to Hit $24 Trillion, More Bubbles & Higher Gold

from King World News:

Today Michael Pento alerted King World News that banks can now expand the M2 money supply to a staggering $24 trillion. Pento, who runs Pento Portfolio Strategies, writes for King World News to warn about this dangerous situation and how it will create more bubbles and higher gold. Pento had this to say: “The plain and sad truth is that America continues to repudiate its foundation of free-market capitalism and is instead gravitating towards the economic tenets of a banana republic. One such tenet we have adopted, with alacrity, is the belief that debt and inflation are to be tolerated in superfluous fashion.”
Michael Pento continues: Read More @ KingWorldNews.com

Cassandra and The Sheeplez

Subordination 101: A Walk Thru For Sovereign Bond Markets In A Post-Greek Default World

Yesterday, Reuters' blogger Felix Salmon in a well-written if somewhat verbose essay, makes the argument that "Greece has the upper hand" in its ongoing negotiations with the ad hoc and official group of creditors. It would be a great analysis if it wasn't for one minor detail. It is wrong. And while that in itself is hardly newsworthy, the fact that, as usual, its conclusion is built upon others' primary research and analysis, including that of the Wall Street Journal, merely reinforces the fact that there is little understanding in the mainstream media of what is actually going on behind the scenes in the Greek negotiations, and thus a comprehension of how prepack (for now) bankruptcy processes operate. Furthermore, since the Greek "case study" will have dramatic implications for not only other instances of sovereign default, many of which are already lining up especially in Europe, but for the sovereign bond market in general, this may be a good time to explain why not only does Greece not have the upper hand, but why an adverse outcome from the 11th hour discussions between the IIF, the ad hoc creditors, Greece, and the Troika, would have monumental consequences for the entire bond market in general.

Super Broke Mario Brothers Kindly Request The ESM Be Doubled To €1 Trillion

With less than three months left until the Greek D-Day, and just over one month until the next 3-year LTRO, which will be the ECB's final chance to firewall off its banks with sufficient liquidity and brace for the worst if Greece fails to reach a consensual debt reducing exchange offer (which our colleagues in the German press don't think will be nearly enough), we finally get a glimpse of how the super broke Mario brothers really feel. According to a report in the German Spiegel, the ink is not even yet dry on the latest completely toothless EU Fiscal Draft (which will allow the €500 billion European Stability Mechanism to be enacted) and already we get the world's most insolvent hedge fund, pardon central bank, and Europe's biggest debtor demanding for more. "Italian Prime Minister Mario Monti and European Central Bank President Mario Draghi both support enlarging the capacity of Europe’s permanent financial rescue mechanism, Der Spiegel reported, without saying where it got the information. The news magazine said Monti is pushing for the European Stability Mechanism’s capacity to be doubled to 1 trillion euros ($1.29 trillion), and had made the suggestion to the German government. Der Spiegel added that Draghi supports the view that unused funds from Europe’s temporary rescue fund should be added to the ESM’s firepower when it comes into force." Well good thing the ECB is not printing money or else one would get the impression that the system is getting flooded with trillions of excess cash. It also also great that the next LTRO will not be up to €10 trillion, as first reported here, and as was finally noted by the German press.

Equity Markets Already Discounted Some Very Bad News

Admin at Marc Faber Blog - 3 hours ago

You could have strong asset markets. Commodities or metal prices could go up. In my view I think that equity markets have to a large extent already discounted some very bad news. - in CNBC Related, SPDR S&P 500 Index ETF (SPY), IShares Emerging Markets ETF (EEM) *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.*

Getting The Economy Juiced Up So They Can Win The Election

Admin at Jim Rogers Blog - 3 hours ago

You have to remember the election in America in November...they do their best to get the economy juiced up so they can win the election. - *in Business Insider* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.*

Silver tracking the CCI - risk trade measurement

Trader Dan at Trader Dan's Market Views - 23 hours ago

One look at this tells you all you need to know about whether or not silver is going to perform. If risk is in and hedge fund money flows are coming into the commodity complex in general, it will move higher. When it does, silver goes right along with it. When risk is out and money flows OUT of the commodity complex, silver sinks like a lead brick. Notice that chart pattern is almost identical between the two.

Long term View of the Gold/Silver ratio

Trader Dan at Trader Dan's Market Views - 23 hours ago

You will note on this chart that since Silver peaked near $50 back in April of last year, gold had generally been outperforming it for the remainder of the year. I am of the opinion that this was due to the anticipation of the end of QE2 in June of last year. Traders began preparing for the loss of the liquidity being supplied from that front. When you couple this with the fact that European sovereign debt woes began to gain ascendancy in the minds of traders worldwide, it is easy to see why gold held up better than silver. DEFLATION was back in; INFLATION was out. If, and this is... more »

US Aircraft Carriers to Deliver ‘Direct Message to Iran’

Gerald Celente on Trend Forecasting and the Crisis of Western Civilization

from The Daily Bell:

Introduction: Forecasting trends since 1980, Mr. Gerald Celente, Founder/Director of the Trends Research Institute, is author of the highly acclaimed and best selling books, Trend Tracking and Trends 2000 (Warner Books) and publisher of the Trends Journal. Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends. His on-time trend forecasts, vibrant style, articulate delivery and vivid public presence makes him a favorite of major media. The Trends Research Institute has earned the reputation as “today’s must trusted name in trends” for accurate and timely predictions. On the geopolitical and economic fronts, Celente and The Trends Research Institute are credited with predicting the collapse of the Soviet Union, the last two economic recessions, the dot-com meltdown, the 1997 Asian currency crisis, the 1987 world stock market crash, increased terrorism against America, “Crusades 2000,” the quagmire in Iraq … before war began and much more.

Daily Bell: Give us some background on yourself and how you have come to your current success.
Gerald Celente: My background is such that after graduate school and I got my Masters in Public Administration, I started running political campaigns in Westchester County in New York, which is a very affluent area. I was very successful at it so they sent me up to Albany, where I became the assistant to the secretary of the New York State Senate; Albany, of course, is the capital of New York State. It was there that I really started learning about the political game. It was probably the worst job I ever had because it was watching grown men suck up and bow down all day to get to the top.
Read More @ TheDailyBell.com