European Crisis Explanation... For Dummies From Greeks

Pulling no punches and as irreverent as we can imagine, Mr. Panos - the Greek 'Borat' - explains (with a somewhat shocking sense of reality) just what the European crisis - most specifically the Greek 'angle' - is all about. From taxes, tourists, shadow economies, war retribution, and german-union realities -  after watching this clip, everything about Greece will be henceforth clear...except perhaps whether Greece has higher exports of Potassium than Kazakhstan. Enjoy.

Merkel Goes Braveheart: Debt 'Can' Take Our Freedom

Angela Merkel stepped up to mic, absent the blue face-paint and kilt and announced to world that debt is slavery. While William Wallace Mel Gibson told his 'overlords' that "They may take our lives, but they'll never take our FREEDOM!", it appears Ms. Merkel is telling her serfs that is exactly what she can do (remind us again how much more debt Greece just ended up actually owing after their restructuring?): Via Bloomberg: *MERKEL SAYS RUNNING UP DEBTS ROBS A NATION OF ANY FREEDOM; and at the same time she noted: *MERKEL SAYS TOO MANY GERMANY STATES ARE STILL SPENDING TO MUCH

Greece is Now Irrelevant. Spain and Germany Will Decide the Euro’s Future

by Graham Summers, Gains Pains Capital:

Earlier this month, Spain began “rocking” the EU boat by telling the EU it wasn’t going to meet the new EU fiscal requirements.
Spain’s sovereign thunderclap and the end of Merkel’s Europe

As many readers will already have seen, Premier Mariano Rajoy has refused point blank to comply with the austerity demands of the European Commission and the European Council (hijacked by Merkozy).

Taking what he called a “sovereign decision”, he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

Read More @ GainsPainsCapital.com

Where Did All The Money Go? Here!

In part driven by the 'regime uncertainty' of "authorities having dispensed with the rulebook in trying to shore up the tottering edifice of Western finance" and in part "a defensive response" to the crushing liquidity suck out of the credit crisis, as Sean Corrigan notes this week, money is distinct by virtue of the fact that 'it flows' and this transmission mechanism is clearly broken. US non-financial corporates hoarding of a $630bn mountain of money in 2.5 years (or 85% of retained earnings) have retarded the most incendiary effects of the Fed's extraordinary actions. The key issues will be whether these same corporates will begin to spend this cash, or whether they will simply rediscover an appetite for alternative, non-money assets (and the Fed should certainly take the opportunity to trim its swollen security portfolio by helping satisfy this reawakened urge, should it arise) and then, if they do, what those to whom they redirect the funds will do with them in their place. If the upshot is that there is a sizable remobilization of this money, things could quickly get very hot on the inflationary front if the transition is not managed well.

The Bobber Will Be Released Soon

Eric De Groot at Eric De Groot - 46 minutes ago

Fishermen know that a submerged bobber will explode upward to the surface when released. The principle of gold and silver trend control follow similar rules defined by the physics of buoyancy. Watch lease spread narrow as the price of silver drops (see chart). The is but one component of the invisible hand’s grip. Chart: Real Silver Lease Rates (1-Month LIBOR less 1-Month SOFO) and London PM... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] more »

 

 

Vanity Fair: Jon Corzine's Riskiest Business

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Chasing Strength In Gold Is Suicide

Eric De Groot at Eric De Groot - 1 hour ago

Veteran gold traders always follow the growing pile of body bags filled by the invisible hand’s paper operations. These operations are revealed by following the concentration of money flows. The invisible hand is accumulating “the hook” at the expense black box and retail money again (see chart); Chasing strength which is suicide in gold is easier regardless of how many times this pattern... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Its A Dead-Man-Walking Economy

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery. "Get out your mower; it's time to cut down some green shoots again, and debunk a bit of the so-called recovery."

Friday Humor: The Muppet-Master

It's Friday afternoon. Given today's 'Epic Farce' of an equity-trading environment - It's 2pm, do you know where your sense-of-humor is? "Elmo has no idea what he is saying but Elmo hopes he is friendly."

Guest Post: About That $20 Trillion In Public Debt...

In only three more years you're talking $20 trillion in public debt for the USA and a GDP going nowhere fast. Add to this that demographics are not encouraging and taxes of all sorts will have to rise. Cuts will be symbolic because the political pain will be unbearable. Without productive new investment, then debt service soon outstrips income growth and the economy enters a death spiral of declining productive investment, ever expanding debt and ever higher debt service costs.

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The Pathetic State of Conservatism – Santourm: Might as Well Have Obama Over Romney

— Presidential candidate Rick Santorum on Thursday said Republicans should give President Barack Obama another term if Santorum isn’t the GOP nominee and for a second day compared rival Mitt Romney to an Etch A Sketch toy.
Santorum reiterated an argument he has made before: The former Massachusetts governor is not conservative enough to offer voters a clear choice in the fall election and that only he can provide that contrast.
“You win by giving people a choice,” Santorum said during a campaign stop in Texas. “You win by giving people the opportunity to see a different vision for our country, not someone who’s just going to be a little different than the person in there.”
Santorum added: “If they’re going to be a little different, we might as well stay with what we have instead of taking a risk of what may be the Etch A Sketch candidate for the future.”
Read More @ Washington.CBSlocal.com

Was Critical Disclosure of MF Global Documents Delayed, Provided Special Treatment At SEC?

Why was release of critical disclosure apparently delayed? Why were time stamps suspiciously altered?
from Managed Futures Education Center:
Critical documents related to MF Global’s financial condition appear to have been delayed for release by the Securities and Exchange Commission (SEC) at an important time just before a MF Global floated a bond offering to professional investors.
While possibly a coincidence, approximately the same time the documents in question were finally made public, MF Global professional account holders were beginning to flee the company, leading to an eventual liquidity crisis and the firm’s bankruptcy.
The document in question is MF Global’s Annual Audited Report on Form X-17-A-5. What is critical about this report is that it contained easily accessible information regarding of MF Global’s risky sovereign debt trades, including some subtle, yet important, details that were not available anywhere else. Had professional investors had this information weeks after the May 31, 2011 initial filing date, as is said to be typically the case with such documents, they may have avoided purchasing what ultimately became near worthless MF Global bonds.
Read More @ Go2ManagedFutures.com

You Read It Here First: Google’s ‘Ambient Background’ Spy Tech

‘Internet of things’ also a surveillance tool for authorities
by Paul Joseph Watson, Info Wars:

Six years ago we warned readers that Google was planning to use the ambient background noise of a person’s environment to spy on their activities in order to direct targeted advertising at them through technological devices. That has now come to fruition with the search engine giant filing a petition for “Advertising based on environmental conditions.”

“As that title implies, it’s not just background sounds that could be used to determine what adverts you seen on your mobile phone. The patent also describes using ‘temperature, humidity, light and air composition’ to produced targeted adverts,” reports the Daily Mail.

In other words, Google is going to spy on your private conversations, music preferences, TV watching habits, your choice of radio station, and whatever else is happening in your immediate environment, in order to build a psychological profile of your entire life.

Read More @ InfoWars.com

Gold Price Climbs, GFMS Reiterates $2,000 Forecast

from Gold Alert:
GOLD PRICE NEWS – The gold price climbed $11.90, or 0.7%, to $1,654.89 per ounce on Friday as the commodities complex rebounded from yesterday’s losses. The price of gold hovered near unchanged at $1,645 in overnight trading, but turned higher amid U.S. dollar weakness this morning. Silver advanced alongside the gold price, by $0.31, or 1.0%, to $31.78 per ounce. U.S. equity markets opened near unchanged this morning, with the S&P 500 down 0.1% at 1,391.52.
On Thursday the gold price continued its recent bout of weakness by falling $7.23, or 0.4%, to $1,642.99 per ounce. The price of gold tumbled to $1,627.32 earlier in the day, but pared its losses as the U.S. dollar retreated from its intra-day high. With the decline, the gold price reached its lowest level since January 13 and its year-to-date gain was reduced to 5.1%.
Read More @ GoldAlert.com

“End of the Road”: How Money Became Worthless

We Were Warned – Dead Presidents Speak

by Zen Gardner, Before It’s News:
Here are four quotations that should have sounded off the rooftops since they were first spoken. Just like so many Truths that have been stripped from public awareness.

We were warned. Clearly.

Sadly, not many are paying attention or realize the depths of our condition. Try these comments from just four of our previous Presidents on for size and see what they indicate is our real predicament. Is this why people prefer to dream on in their hypnotic ostrich like state, because reality is just too horrific to bear?

I’ll take true knowledge and conscious awareness over ignorance any day…and I do. Do you?

“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of the day”.

– President Theordore Roosevelt April 19, 1906

Read More @ BeforeItsNews.com

Greyerz – Physical Gold Demand Enormous & Accelerating

from King World News:
Today Egon von Greyerz told King World News there is major demand for physical gold and it’s actually accelerating. Von Greyerz also said institutional money is going to aggressively enter gold and this will totally change the market. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about what is happening in the gold market: “Would are seeing the low this week or we could be under pressure for another week. But thereafter, in April, if I look at the technical picture, gold looks fantastic. The next move will be a major move in both gold and silver.”
Read More @ KingWorldNews.com

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