Moody's Downgrades Italy, Spain, Portugal And Others; Puts UK, France On Outlook Negative - Full Statement
You know there is a reason why Europe just came crawling with an advance handout looking for US assistance: Moody's just went apeshit on Europe.- Austria: outlook on Aaa rating changed to negative
- France: outlook on Aaa rating changed to negative
- Italy: downgraded to A3 from A2, negative outlook
- Malta: downgraded to A3 from A2, negative outlook
- Portugal: downgraded to Ba3 from Ba2, negative outlook
- Slovakia: downgraded to A2 from A1, negative outlook
- Slovenia: downgraded to A2 from A1, negative outlook
- Spain: downgraded to A3 from A1, negative outlook
- United Kingdom: outlook on Aaa rating changed to negative
Europe: We've Done All We Can, Now It's America's Turn To Help
Cue the fireworks in 3...2...1...- FRIEDEN EUROPEANS CAN'T DO MUCH FOR GREECE BEYOND AGREEMENT - BBG
- FRIEDEN: GREECE NEEDS STRUCTURAL REFORMS, SHORT-TERM FINANCING - BBG
- FRIEDEN: GREECE HAS HISTORY OF PROBLEMS IMPLEMENTING DECISIONS - BBG
- FRIEDEN: GREECE SHOULDN'T BE IN EURO-ZONE IF CONDITIONS NOT MET - BBG
- FRIEDEN SAYS HE WISHES U.S. MORE INVOLVED IN STRENGTHENING IMF - BBG
Translation: Hey America, we've done all we can, now it's your turn to sustain the Ponzi. Because if we go, you go.
Federal Reserve and Big Banks Are Going to Crush the Dollar … and American Savers
The Fed’s EXPLICIT Goal Is to Devalue the Dollar by 33% … and NEGATIVE Yield Bonds Are Coming
from WashingtonsBlog.com:
The Federal Reserve’s explicit goal is to devalue the dollar by 33%.
As Forbes’ Charles Kadlec notes:
While that is stunning, it is actually par for the course for the Fed:
Read More @ WashingtonsBlog.com
from WashingtonsBlog.com:
The Federal Reserve’s explicit goal is to devalue the dollar by 33%.
As Forbes’ Charles Kadlec notes:
The
Federal Reserve Open Market Committee (FOMC) has made it official: After
its latest two day meeting, it announced its goal to devalue the dollar
by 33% over the next 20 years. The debauch of the dollar will be even
greater if the Fed exceeds its goal of a 2 percent per year increase in
the price level.
***
The Fed has
announced a course of action that will steal — there is no better word
for it — nearly 10 percent of the value of American’s hard earned
savings over the next 4 years.
While that is stunning, it is actually par for the course for the Fed:
Read More @ WashingtonsBlog.com
No One But (Ron) Paul – Feb. 14 Money Bomb
from King World News:

With gold at $1,725 and silver near $34, today King World News interviewed James Turk out of Spain. Turk told King World News that even though the markets are quiet, the reality is we are getting very close to a “buying panic.” Turk also stated that deflation is not in the cards. Here is what Turk had to say about the situation: “We’re seeing a lot of smoke and mirrors here in Europe, Eric. The Greek Parliament approved the latest bailout program for that beleaguered country. They claim it will pull Greece back from the brink. The reality, however, is completely different. Greece is being subjected to onerous and heavy handed financial pressures from its creditors.”
James Turk continues: Read More @ KingWorldNews.com
With gold at $1,725 and silver near $34, today King World News interviewed James Turk out of Spain. Turk told King World News that even though the markets are quiet, the reality is we are getting very close to a “buying panic.” Turk also stated that deflation is not in the cards. Here is what Turk had to say about the situation: “We’re seeing a lot of smoke and mirrors here in Europe, Eric. The Greek Parliament approved the latest bailout program for that beleaguered country. They claim it will pull Greece back from the brink. The reality, however, is completely different. Greece is being subjected to onerous and heavy handed financial pressures from its creditors.”
James Turk continues: Read More @ KingWorldNews.com
Greece Bailout Yes or No?/the USA 2013 Budget/Possible Raid tomorrow/ Moody's downgrade
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 20 minutes ago
Good
evening Ladies and Gentlemen:
Gold rose by $1.00 to $1723.00 at comex closing time. Silver rose 10
cents to $33.70. Initially
gold and silver rose, however the bankers do not want our precious
metals rising in these precarious times so they provided a brick wall
with more non backed paper gold and silver selling. It seems that 34.00
dollar per oz is the barrier for silver. Anything over
Crude Oil back above $100 - Again
Trader Dan at Trader Dan's Market Views - 2 hours ago

Crude oil simply refuses to break down and is once again trading back above
the $100 mark. What is perhaps even more concerning is that gasoline prices
are now trading above the $3.00 point at the wholesale futures markets, and
this is during the time of year in which gasoline demand is generally quite
tame compared to the onset of the busy driving season later this spring and
summer.
Should gasoline bulls be able to push price through the chart levels shown,
it will portend a move back to the late summer highs of last year. As said
in a previous post from last week - PAIN at the ga... more »
Gold holding at initial support thus far
Trader Dan at Trader Dan's Market Views - 2 hours ago

Gold has dropped into the first zone of support noted on the price chart
near the $1720 level and has thus far held as dip buyers surfaced. That
buying was fostered by a weaker Dollar which was lower in today's session
but has not broken down decisively yet below the critical 79 level.
Surging crude oil and gasoline prices did help gold today as some traders
are concerned that the rise in energy costs will eventually feed through
and impact the price of other goods and services in the broader economy.
Transportation costs can only be absorbed for so long.
Mining company stock owners - note well
Trader Dan at Trader Dan's Market Views - 2 hours ago
Most of you who read this site are well aware of my political leanings - I
happen to believe that the current administration is perhaps the most
inept, reckless and endangering to liberty in the history of this nation
and needs to be replaced at the ballot box this coming November.
Those of you who own mining company stocks should take note that as part of
the budget submitted by the Obama administration, all hardrock mining
companies would be required to pay annual rents and royalty fees of no
less than 5% of gross proceeds.
Currently a law that is 140 years old, exempts them from... more »
Germany Speaks: Not So Fast On The Greek "Deal"
Europe's now painfully transparent policy of demanding that Greece decide to default on its own is becoming so glaringly obvious, we truly fear for the intellectual capacity of everyone who ramps the EURUSD on any incremental "europe is saved" rumor. As a reminder, yesterday we said, in parallel with the Greek irrelevant MoU vote: "The only real questions are i) what the Greek population may do in response to this latest selling out of a population "led" by an unelected banker, which if history is any precedent, the answer is not much, and ii) how Germany will subvert this latest event, and put the bail [sic] back in Greece's court once again." We documented on i) earlier today - a couple of burned down buildings, a few vandalized store fronts, lots of tear gas and that's about it, as people still either don't believe or can't grasp the seriousness of the situation. As for ii) we now get the first indication that not all may be well on Wednesday. From the FT: "European officials rushed to finalise details of a €130bn Greek bail-out on Monday amid signs Germany and its eurozone allies may not be prepared to approve the deal at a finance minsters’ meeting on Wednesday, despite Athens backing new austerity measures." And so the bail [sic] is once again back in Greece's court, where however since the last such occurrence, the parliament has 43 MPs less. Quite soon, the only person left in "charge" of the country will be the ECB apparatchick and unelected banker Lucas Papademos.
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