AIJ Tokyo Asset Management: Billions In Customer Funds Are Missing
from King World News:
John Williams just issued a warning regarding the Monetary Base vaulting to a historic high. Williams, who founded ShadowStats, also stated the reason for the expansion is directly related to a deepening systemic solvency crisis. Here is what Williams had to say about the situation: The seasonally-adjusted St. Louis Fed Adjusted Monetary Base just jumped to an historic high level in the two-week period ended February 22nd, as shown in the (above graph). The movement here largely is under direct control of the Fed’s Federal Open Mark Committee (FOMC) and is suggestive of a deepening systemic solvency crisis.”
John Williams continues: Read More @ KingWorldNews.com
John Williams just issued a warning regarding the Monetary Base vaulting to a historic high. Williams, who founded ShadowStats, also stated the reason for the expansion is directly related to a deepening systemic solvency crisis. Here is what Williams had to say about the situation: The seasonally-adjusted St. Louis Fed Adjusted Monetary Base just jumped to an historic high level in the two-week period ended February 22nd, as shown in the (above graph). The movement here largely is under direct control of the Fed’s Federal Open Mark Committee (FOMC) and is suggestive of a deepening systemic solvency crisis.”
John Williams continues: Read More @ KingWorldNews.com
Jim Sinclair does a good job of explaining the difference between the notional and real value of derivatives, and how that real value comes to bear on the financial system in the event of a default. You can read this here for here for a review of the basic concept if you do not understand it.
Within my own view of money, uncollateralized financial instruments like derivatives are credits, or potential money. When an event triggers them so that they become real, with a significant presence on the balance sheet and the income statement, then they become money.
In the financial world we see the extraordinary growth of derivatives in notional value, to almost unbelievable proportions. This mass of derivatives facilitates the withdrawal of money from the real economy in the form of wealth transferal, such as bonuses and commissions for example. But they do not become actual money themselves until some trigger event. To perhaps stretch our analogy to the physical world, it could be described as the withdrawal of the ocean, as money is siphoned from the real economy by the financial world, in advance of the arrival of a tsunami as derivatives start hitting the balance sheets and are transformed into ‘real money.’
This could be the cause of a hyperinflationary policy error which I have been alluding to for the past several years. The policy error is not in the simple setting interest rates, but the Fed’s failure to regulate the banking system and manage its risks. In this the Fed, particularly under Greenspan, was an abysmal failure, and improvement has not been forthcoming.
Read More @ JessesCrossRoadsCafe.Blogspot.com
Germany’s
interior minister called for Greece to leave the eurozone on Saturday
as hopes that the world’s richest countries would stump up more cash to
help the International Monetary Fund (IMF) fight Europe’s debt crisis
faded.
by Richard Blackden, Telegraph.co.uk:
Becoming the first member of Germany’s cabinet to openly call for a Greek exit, Hans-Peter Friedrich told Der Spiegel magazine that Greece’s chances of restoring its financial health would be greater outside the euro.
“I’m not saying that Greece should be thrown out but rather to create incentives that it can’t say ‘no’ to,” he added.
His comments came as eurozone leaders faced calls to increase their own efforts before any more money is made available from the IMF. Fresh from agreeing a second €130bn (£110bn) bail-out for Greece, there were hopes that this weekend’s gathering of G20 finance ministers in Mexico City would achieve a deal on how to ramp up the IMF’s own European war chest by as much as $600bn (£378bn).
Read More @ Telegraph.co.uk
by Richard Blackden, Telegraph.co.uk:
Becoming the first member of Germany’s cabinet to openly call for a Greek exit, Hans-Peter Friedrich told Der Spiegel magazine that Greece’s chances of restoring its financial health would be greater outside the euro.
“I’m not saying that Greece should be thrown out but rather to create incentives that it can’t say ‘no’ to,” he added.
His comments came as eurozone leaders faced calls to increase their own efforts before any more money is made available from the IMF. Fresh from agreeing a second €130bn (£110bn) bail-out for Greece, there were hopes that this weekend’s gathering of G20 finance ministers in Mexico City would achieve a deal on how to ramp up the IMF’s own European war chest by as much as $600bn (£378bn).
Read More @ Telegraph.co.uk
by Bob Chapman, The International Forecaster via GoldSeek.com:
The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective.
Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever.
The financial end won’t stop payment countries can use barter, multiple currencies and gold. Talk about shooting one in the foot. This has been a case of the Illuminist’s shooting themselves in both feet. Talk about financial vehicles of mass destruction. No we have three of them if we include derivatives. We have had limited sanctions against Iran for some 30 years, yet their economy has improved. In the years to come more growth will be there. Iran is breaking the hold on the petrodollar so it must be destroyed under any ruse. It must revisit the Stone Age. This is the elitist idea of freedom and liberty.
Read More @ GoldSeek.com
The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective.
Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever.
The financial end won’t stop payment countries can use barter, multiple currencies and gold. Talk about shooting one in the foot. This has been a case of the Illuminist’s shooting themselves in both feet. Talk about financial vehicles of mass destruction. No we have three of them if we include derivatives. We have had limited sanctions against Iran for some 30 years, yet their economy has improved. In the years to come more growth will be there. Iran is breaking the hold on the petrodollar so it must be destroyed under any ruse. It must revisit the Stone Age. This is the elitist idea of freedom and liberty.
Read More @ GoldSeek.com
by Monty Pelerin, EconomicNoise.com:
The US Government continues actions that will result in its own demise. That might seem fitting, except that its failure will seriously harm the citizenry.
Government decisions and actions have assured an economic collapse that will result in another depression. Federal debts and promises are too large to be honored, a conclusion based not on economics but on simple arithmetic.
The government collapse will likely trigger the economic collapse, although the order could be reversed. Arguably, we are already in a depression which has been disguised by juicing GDP via excessive government spending. This spending has been funded increased government debt in magnitudes never seen before. To put matters into perspective, by the end of President Obama’s first four years, he will have added more to the federal debt than all 43 Presidents who preceded him.
The economic collapse, as a result of this borrowing and stimulus, will be terrifying and worse than it needed be. Whether it is preceded by hyperinflation or goes directly into a deflationary collapse is moot and immaterial regarding an ultimate depression. Resulting conditions will be worse than those experienced during the Great Depression of the 1930s.
Read More @ EconomicNoise.com
The US Government continues actions that will result in its own demise. That might seem fitting, except that its failure will seriously harm the citizenry.
Government decisions and actions have assured an economic collapse that will result in another depression. Federal debts and promises are too large to be honored, a conclusion based not on economics but on simple arithmetic.
The government collapse will likely trigger the economic collapse, although the order could be reversed. Arguably, we are already in a depression which has been disguised by juicing GDP via excessive government spending. This spending has been funded increased government debt in magnitudes never seen before. To put matters into perspective, by the end of President Obama’s first four years, he will have added more to the federal debt than all 43 Presidents who preceded him.
The economic collapse, as a result of this borrowing and stimulus, will be terrifying and worse than it needed be. Whether it is preceded by hyperinflation or goes directly into a deflationary collapse is moot and immaterial regarding an ultimate depression. Resulting conditions will be worse than those experienced during the Great Depression of the 1930s.
Read More @ EconomicNoise.com
by Joe Weisenthal, BusinessInsider.com:
Over the past several days, we’ve seen several arguments for why surging gasoline prices won’t harm the economy.
They range from:
Read More @ BusinessInsider.com
Over the past several days, we’ve seen several arguments for why surging gasoline prices won’t harm the economy.
They range from:
- We have more domestic production these days.
- Other commodities aren’t surging, so the inflationary effects are more narrow.
- Plummeting Natural gas prices are saving people a ton of heating, offsetting gas.
- Gas prices aren’t surging at a fast enough clip to freak consumers out.
Read More @ BusinessInsider.com
by Saman Mohammadi, PrisonPlanet.com:
What lies ahead for America, the West, and humanity in the immediate future is pain, disease, suffering, and destruction. A looming hyper-inflationary financial crisis, a world war, a global economic collapse, and a transnational fascist police state are threatening to destroy the social and political fabric of Western civilization.
This is the greatest political crisis that the West has ever faced. Government leaders are walking on pins and needles, hoping to avoid a transnational political revolution against the international banks that defrauded American taxpayers and the taxpayers of other nations.
Read More @ PrisonPlanet.com
What lies ahead for America, the West, and humanity in the immediate future is pain, disease, suffering, and destruction. A looming hyper-inflationary financial crisis, a world war, a global economic collapse, and a transnational fascist police state are threatening to destroy the social and political fabric of Western civilization.
This is the greatest political crisis that the West has ever faced. Government leaders are walking on pins and needles, hoping to avoid a transnational political revolution against the international banks that defrauded American taxpayers and the taxpayers of other nations.
Read More @ PrisonPlanet.com
by Charles Hugh Smith, OfTwoMinds.com:
If you make it increasingly costly and risky to open a small enterprise, then no wonder unemployment remains high.
You hear a lot about Kafkaesque stifling bureaucracy in Greece and other struggling European nations, but America’s Status Quo is trying its best to destroy small enterprise with taxes and crushing bureaucracy. I am self-employed, and have been for most of my life. When I did take a paid position, it was in other small enterprises or local non-profit organizations.
I mention this because there is an unbridgeable divide in any discussion of small business between those who have no experience in entrepreneural enterprise (i.e. they’ve worked for the government, NGOs/non-profits or Corporate America their entire careers) and those who have.
Read More @ OfTwoMinds.com
If you make it increasingly costly and risky to open a small enterprise, then no wonder unemployment remains high.
You hear a lot about Kafkaesque stifling bureaucracy in Greece and other struggling European nations, but America’s Status Quo is trying its best to destroy small enterprise with taxes and crushing bureaucracy. I am self-employed, and have been for most of my life. When I did take a paid position, it was in other small enterprises or local non-profit organizations.
I mention this because there is an unbridgeable divide in any discussion of small business between those who have no experience in entrepreneural enterprise (i.e. they’ve worked for the government, NGOs/non-profits or Corporate America their entire careers) and those who have.
Read More @ OfTwoMinds.com
from TFMetalsReport.com:
I
hope you’re ready. Everything that has transpired since May in silver
and September in gold has led us to this moment. The next five to seven
trading days will tell us everything. Either the metals will win their
individual Battles Royale or they won’t. If they win, price will
accelerate to the upside. If they fail, the metals will likely settle
into another sideways consolidation that lasts well into spring. I, for
one, can’t wait to find out!
So, let’s get started. First, in case you missed it, here’s a re-print of a comment I posted yesterday afternoon about the continuing increase of open interest in the metals:
Read More @ TFMetalsReport.com
I
hope you’re ready. Everything that has transpired since May in silver
and September in gold has led us to this moment. The next five to seven
trading days will tell us everything. Either the metals will win their
individual Battles Royale or they won’t. If they win, price will
accelerate to the upside. If they fail, the metals will likely settle
into another sideways consolidation that lasts well into spring. I, for
one, can’t wait to find out!So, let’s get started. First, in case you missed it, here’s a re-print of a comment I posted yesterday afternoon about the continuing increase of open interest in the metals:
Read More @ TFMetalsReport.com
Judge Napolitano This Week
by Ty Andros, GoldSeek.com:
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints.
Economies based on models of consuming wealth rather than producing wealth are DOOMED, and this is the definition of the developed world. Switching back to the wealth-production model used prior to 1971 in the developed world will be painful as our leaders have FORGOTTEN what wealth-creating policies to implement and how to do so.
The financial systems of the world sit on TOXIC paper (government bonds and currencies) and they call them assets and reserves – they are NOT, THEY ARE LIABILITIES! To see the enormity of government debt in the biggest economies in the world look at this graphic from www.demonocracy.info:
Read More @ GoldSeek.com
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints.
Economies based on models of consuming wealth rather than producing wealth are DOOMED, and this is the definition of the developed world. Switching back to the wealth-production model used prior to 1971 in the developed world will be painful as our leaders have FORGOTTEN what wealth-creating policies to implement and how to do so.
The financial systems of the world sit on TOXIC paper (government bonds and currencies) and they call them assets and reserves – they are NOT, THEY ARE LIABILITIES! To see the enormity of government debt in the biggest economies in the world look at this graphic from www.demonocracy.info:
Read More @ GoldSeek.com
from HouseOfTheMoon:
Ed. Note: Too many people don’t appreciate good satire. Last week “Billy Joe” came clean because he was tired of getting messages from folks who thought he was serious. At any rate, he’s back. Which makes us happy because serious times like these call for levity once in a while.
Ed. Note: Too many people don’t appreciate good satire. Last week “Billy Joe” came clean because he was tired of getting messages from folks who thought he was serious. At any rate, he’s back. Which makes us happy because serious times like these call for levity once in a while.
by Chris Powell, GATA:
Three researchers from the New England Complex Systems Institute in Cambridge, Mass. (http://necsi.edu/) — Vedant Misra, Marco Lagi, and Yaneer Bar-Yam — last month published a research paper identifying what seems to have been an enormous short-side manipulation of Citigroup stock in November 2007. While that was five years ago, the study indicates how easy it is for large financial institutions to manipulate markets in the absence of rigorous oversight by market regulators, particularly after the repeal of the “uptick” rule for short sales.
That is, anyone with access to enough money can rig any market at all, a principle whose application to the commodity markets and central banks may have been first articulated by the British economist Peter Warburton in his 2001 essay, “The Debasement of World Currency — It Is Inflation But Not As We Know it”:
http://www.gata.org/node/8303
The New England Complex System Institute’s study is titled “Evidence of Market Manipulation in the Financial Crisis” and it’s posted in PDF format at the institute’s Internet site here:
Read More @ GATA.org
Three researchers from the New England Complex Systems Institute in Cambridge, Mass. (http://necsi.edu/) — Vedant Misra, Marco Lagi, and Yaneer Bar-Yam — last month published a research paper identifying what seems to have been an enormous short-side manipulation of Citigroup stock in November 2007. While that was five years ago, the study indicates how easy it is for large financial institutions to manipulate markets in the absence of rigorous oversight by market regulators, particularly after the repeal of the “uptick” rule for short sales.
That is, anyone with access to enough money can rig any market at all, a principle whose application to the commodity markets and central banks may have been first articulated by the British economist Peter Warburton in his 2001 essay, “The Debasement of World Currency — It Is Inflation But Not As We Know it”:
http://www.gata.org/node/8303
The New England Complex System Institute’s study is titled “Evidence of Market Manipulation in the Financial Crisis” and it’s posted in PDF format at the institute’s Internet site here:
Read More @ GATA.org
by Ethan A. Huff, NaturalNews.com:
(NaturalNews)
The Fukushima Daiichi nuclear disaster is far from over, as new reports
explains that water samples taken nearly 400 miles off the coast of
Japan in the Pacific Ocean are showing radiation levels of up to 1,000
times higher than previous readings. Presenting their findings at the
recent Ocean Sciences Meeting in Salt Lake City, Ut., scientists
continued to claim these severely elevated radiation levels are not a
significant health or environmental threat.
Back in June 2011, a ship carrying scientists traveled off the eastern coast of Japan collecting water samples at distances of roughly 20 miles to 400 miles from the coast. Upon analysis, these samples were found to contain elevated levels of cesium-137 at ten to 1,000 times higher than levels detected before the Fukushima disaster, which is highly alarming.
Included in the detections was the presence of radioactive silver, which is an obvious product of melted control rods at the nuclear facility. The mainstream media is claiming that this silver is simply a result of nuclear fission, but the reality of the situation is that this silver is evidence of a complete core meltdown at the facility, which is obviously having widespread repercussions.
Read More @ NaturalNews.com
(NaturalNews)
The Fukushima Daiichi nuclear disaster is far from over, as new reports
explains that water samples taken nearly 400 miles off the coast of
Japan in the Pacific Ocean are showing radiation levels of up to 1,000
times higher than previous readings. Presenting their findings at the
recent Ocean Sciences Meeting in Salt Lake City, Ut., scientists
continued to claim these severely elevated radiation levels are not a
significant health or environmental threat.Back in June 2011, a ship carrying scientists traveled off the eastern coast of Japan collecting water samples at distances of roughly 20 miles to 400 miles from the coast. Upon analysis, these samples were found to contain elevated levels of cesium-137 at ten to 1,000 times higher than levels detected before the Fukushima disaster, which is highly alarming.
Included in the detections was the presence of radioactive silver, which is an obvious product of melted control rods at the nuclear facility. The mainstream media is claiming that this silver is simply a result of nuclear fission, but the reality of the situation is that this silver is evidence of a complete core meltdown at the facility, which is obviously having widespread repercussions.
Read More @ NaturalNews.com
by Dan Norcini:
Gold
was able to close the week out on a very strong note, although some
traders did decide to cash in some profits ahead of the weekend, after
getting a nice run of some $65 off of last week’s close as of Thursday’s
peak price. Even in spite of the light round of profit taking, gold
still managed to put in a very solid WEEKLY close surrendering only
about $15 off its best level of the week and closing within striking
range of $1800, the top of the heavy resistance zone noted on the price
chart.
Take a look at the weekly chart shown below for an intermediate term view of the market. Note how the chart resistance near the $1800 level can clearly be seen. Gold did not challenge this level this week but from a technical standpoint, it does stand a very good chance of so doing next week.
TraderDanNorcini.Blogspot.com
Gold
was able to close the week out on a very strong note, although some
traders did decide to cash in some profits ahead of the weekend, after
getting a nice run of some $65 off of last week’s close as of Thursday’s
peak price. Even in spite of the light round of profit taking, gold
still managed to put in a very solid WEEKLY close surrendering only
about $15 off its best level of the week and closing within striking
range of $1800, the top of the heavy resistance zone noted on the price
chart.Take a look at the weekly chart shown below for an intermediate term view of the market. Note how the chart resistance near the $1800 level can clearly be seen. Gold did not challenge this level this week but from a technical standpoint, it does stand a very good chance of so doing next week.
TraderDanNorcini.Blogspot.com
Crowds of students in Spain are turning out once again in Valencia
against planned education cuts. Earlier this week, the police were
accused of being heavy-handed when similar demonstrations ended in
clashes.
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