Mr. Embry, the perhaps best report I have ever read on the gold market was “Not Free, Not Fair: The Long-Term Manipulation of the Gold Price,” written by Andrew Hepburn and you. (1) I would like to talk with you at the beginning about the findings of that report. First of all, why do you think it is relevant whether the gold price is free or not?
John Embry: Thank you for the very generous compliment. It is essential that the gold market be free. It functions as the so called “canary in the coal mine” and its price should be allowed to reflect excesses in a pure fiat monetary system. The continued suppression of the gold price was a key factor in the many financial bubbles which have essentially wrecked the monetary system as we know it.
Read More @ GoldSwitzerland.com
by Philip van Doorn, TheStreet.com:
With year-end data for 99% of the nation’s savings and loan associations now available, there are 165 undercapitalized institutions on the TheStreet’s Bank Watch List, which is 12 more than last quarter. This is despite 13 banks being shuttered by regulators since the final third-quarter watch list was published in November.
Based on fourth-quarter regulatory data supplied by HighlineFI for the nation’s banks and savings and loan associations — and factoring-in the 13 bank and thrift failures — 155 institutions were undercapitalized at year-end, according to the regulatory guidelines that apply to most institutions.
Click the link below to see the full list:
Read More @ TheStreet.com
With year-end data for 99% of the nation’s savings and loan associations now available, there are 165 undercapitalized institutions on the TheStreet’s Bank Watch List, which is 12 more than last quarter. This is despite 13 banks being shuttered by regulators since the final third-quarter watch list was published in November.
Based on fourth-quarter regulatory data supplied by HighlineFI for the nation’s banks and savings and loan associations — and factoring-in the 13 bank and thrift failures — 155 institutions were undercapitalized at year-end, according to the regulatory guidelines that apply to most institutions.
Click the link below to see the full list:
Read More @ TheStreet.com
MF Global Customers will not receive their money/Greek decision by Monday/ SLV shorts cover 17% of their shortfall/ Moody's downgrades big Insurance companies in Italy/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 1 hour ago
Good
evening Ladies and Gentlemen:
We again started our day with another of those famous raid days.Even
though Europe was down badly, the USA markets opened strongly on more
juicing of figures. The precious metals traded up with the algo players
as gold ended the day at $1727.60 up $1.00 by comex closing time.
Silver finished the day at $33.47 up 8 cents. The attempted raid today
was
Quickie Thursday
Dave in Denver at The Golden Truth - 4 hours ago
*The power of accurate observation is commonly called cynicism by those who have not got it *- George Bernard Shaw *Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” –* President James Garfield,* 2 weeks before his assassination* (sourced from Zerohedge) One quote really leads nicely into the other....The Linsanity continues (se... more
Could Moody’s And The Greek CDS Time-Bomb Take Down The “Goodfellas Of Wall Street?”
by John Rubino, DollarCollapse.com:
The US government’s obliteration of the Bill of Rights via the Patriot Act, the recent defense bill that allows the military to detain citizens indefinitely without trial, the health care law that forces citizens to buy insurance, and the attempted takeover of the Internet through SOPA and PIPA has gotten a lot of attention lately, and in a few rare cases has generated some effective push-back.
But according to an article in this month’s Harper’s Magazine (Killing the competition: How the new monopolies are destroying open markets, by Barry C. Lynn), US corporations are evolving into forms that are more threatening to their victims than anything emanating from Washington. As the author characterizes it, a new generation of monopolists are imposing their own private governments on their industries — and not always the industries one would expect. This long, detailed article should be read by anyone with a desire to understand how the US is evolving. Here I’ll highlight a few excerpts to summarize the major plot points:
Read More @ DollarCollapse.com
Must read...
The US government’s obliteration of the Bill of Rights via the Patriot Act, the recent defense bill that allows the military to detain citizens indefinitely without trial, the health care law that forces citizens to buy insurance, and the attempted takeover of the Internet through SOPA and PIPA has gotten a lot of attention lately, and in a few rare cases has generated some effective push-back.
But according to an article in this month’s Harper’s Magazine (Killing the competition: How the new monopolies are destroying open markets, by Barry C. Lynn), US corporations are evolving into forms that are more threatening to their victims than anything emanating from Washington. As the author characterizes it, a new generation of monopolists are imposing their own private governments on their industries — and not always the industries one would expect. This long, detailed article should be read by anyone with a desire to understand how the US is evolving. Here I’ll highlight a few excerpts to summarize the major plot points:
Read More @ DollarCollapse.com
Must read...
by Paul Joseph Watson, InfoWars.com:
Personal statement from Kurt Haskell.
Every
victim of a crime in Michigan is entitled to make a statement in open
court regarding the impact of the crime on their life. The statement is
limited to the victim’s physical, emotional and financial well being as
it relates to the crime. Keep that in mind as you read my statement.
Below is a copy of the victim impact statement I gave today at the
Underwear Bomber sentencing hearing. When reading my statement, keep in
mind that I am a practicing attorney in the State of Michigan. In
addition, I regularly practice in the Court the hearings are taking
place at and therefore, I am somewhat limited as to what I can say. We
were limited to 5 minutes each.
I wish to thank the Court for allowing me these 5 minutes to make my statement. My references to the government in this statement refer to the Federal Government excluding this Court and the prosecution. On Christmas Day 2009, my wife and I were returning from an African safari and had a connecting flight through Amsterdam…
Read More @ InfoWars.com
Personal statement from Kurt Haskell.
Every
victim of a crime in Michigan is entitled to make a statement in open
court regarding the impact of the crime on their life. The statement is
limited to the victim’s physical, emotional and financial well being as
it relates to the crime. Keep that in mind as you read my statement.
Below is a copy of the victim impact statement I gave today at the
Underwear Bomber sentencing hearing. When reading my statement, keep in
mind that I am a practicing attorney in the State of Michigan. In
addition, I regularly practice in the Court the hearings are taking
place at and therefore, I am somewhat limited as to what I can say. We
were limited to 5 minutes each.I wish to thank the Court for allowing me these 5 minutes to make my statement. My references to the government in this statement refer to the Federal Government excluding this Court and the prosecution. On Christmas Day 2009, my wife and I were returning from an African safari and had a connecting flight through Amsterdam…
Read More @ InfoWars.com
by Bill Sardi, LewRockwell.com:
Prior to the housing market collapse of 2008, about 70% of the revenues of US banks were comprised of profits made off of real estate loans. But with a self-induced real estate bubble where lenders relaxed loan requirements and offered low teaser interest rates to induce new home buyers, and then palmed off bad loans onto the public ledger via Fannie Mae and Freddie Mac, they were recklessly allowed to keep speed processing home loans so banks could play fast and loose with their depositors’ money which they were using as reserve capital to make these loans.
When the banks began losing real estate loans as a profit center they petitioned to be allowed to invest their own money in Wall Street investments, that is, take greater risks to make up for the lost profits from the collapse of the real estate market. Thereafter a blur between investment banks like the old Lehmann Brothers and Goldman Sachs and regular consumer banks like B of A and Citibank was created.
Read More @ LewRockwell.com
Prior to the housing market collapse of 2008, about 70% of the revenues of US banks were comprised of profits made off of real estate loans. But with a self-induced real estate bubble where lenders relaxed loan requirements and offered low teaser interest rates to induce new home buyers, and then palmed off bad loans onto the public ledger via Fannie Mae and Freddie Mac, they were recklessly allowed to keep speed processing home loans so banks could play fast and loose with their depositors’ money which they were using as reserve capital to make these loans.
When the banks began losing real estate loans as a profit center they petitioned to be allowed to invest their own money in Wall Street investments, that is, take greater risks to make up for the lost profits from the collapse of the real estate market. Thereafter a blur between investment banks like the old Lehmann Brothers and Goldman Sachs and regular consumer banks like B of A and Citibank was created.
Read More @ LewRockwell.com
by Antonia Oprita, CNBC.com:
Demand for gold hit an all-time high in 2011 as European, Indian and Chinese demand soared.
In Europe, Germany and Switzerland were the main drivers of the growth as the euro zone debt crisis escalated and investors looked for safe havens, according to the World Gold Council’s annual report.
While the jewelry market was resilient, the gold investment market grew more, with a 5 percent increase in annual demand.
Total demand around the world rose to 4,067 metric tons, worth around $206 billion—the first time annual demand for gold has risen above $200 billion.
Read More @ CNBC.com
Demand for gold hit an all-time high in 2011 as European, Indian and Chinese demand soared.In Europe, Germany and Switzerland were the main drivers of the growth as the euro zone debt crisis escalated and investors looked for safe havens, according to the World Gold Council’s annual report.
While the jewelry market was resilient, the gold investment market grew more, with a 5 percent increase in annual demand.
Total demand around the world rose to 4,067 metric tons, worth around $206 billion—the first time annual demand for gold has risen above $200 billion.
Read More @ CNBC.com
from SilverDoctors.com:
[...]
An upside reversal as seen today was almost unheard of 12 months ago
and on back through the start of this bull market a decade ago. What you are seeing is proof positive that the paper market control over physical is slowly dying.
In early January I noted we’d likely have little friction until the cartel stepped on the breaks more forcefully in the mid-30s area for silver, and they indeed showed up to halt touching $35, and then, tightened to kill moves over $34. Now, lease rates have gone negative for a period and they cut COMEX margins to pull in more money. Today was likely the first test of the next round of their favorite game: “running the stops.” They play with the momentum money traders like a cat toys with mice. But the mice are less significant now given the smaller participation on COMEX in a post MF Global world and rising physical demand worldwide.
Read More @ SilverDoctors.com
[...]
An upside reversal as seen today was almost unheard of 12 months ago
and on back through the start of this bull market a decade ago. What you are seeing is proof positive that the paper market control over physical is slowly dying.In early January I noted we’d likely have little friction until the cartel stepped on the breaks more forcefully in the mid-30s area for silver, and they indeed showed up to halt touching $35, and then, tightened to kill moves over $34. Now, lease rates have gone negative for a period and they cut COMEX margins to pull in more money. Today was likely the first test of the next round of their favorite game: “running the stops.” They play with the momentum money traders like a cat toys with mice. But the mice are less significant now given the smaller participation on COMEX in a post MF Global world and rising physical demand worldwide.
Read More @ SilverDoctors.com
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