from ETFDailyNews.com:
Dominique de Kevelioc de Bailleul: Reminiscent of the 1970s and the U.S. fiscal and monetary conditions which soared gold from $35 to $875 per ounce by Jan. 1980, Marc Faber, author of the Gloom Boom Doom Report warned investors of the dire implications of the world’s central banks presently engaged in a global currency war.
But unlike the 1970s and the problems with the U.S. dollar, this time, in addition to the dollar, the euro, pound sterling and yen are also devaluing against everything of tangible value. And the speed at which these currencies depreciate in the coming years will most likely dwarf the decade which included the Vietnam War, Middle East conflicts, U.S. budget deficits and resulting stagflation.
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse,” he told CNBC, Monday. “Maybe all of it will happen, but at different times.”
Read More @ ETFDailyNews.com
Dominique de Kevelioc de Bailleul: Reminiscent of the 1970s and the U.S. fiscal and monetary conditions which soared gold from $35 to $875 per ounce by Jan. 1980, Marc Faber, author of the Gloom Boom Doom Report warned investors of the dire implications of the world’s central banks presently engaged in a global currency war.But unlike the 1970s and the problems with the U.S. dollar, this time, in addition to the dollar, the euro, pound sterling and yen are also devaluing against everything of tangible value. And the speed at which these currencies depreciate in the coming years will most likely dwarf the decade which included the Vietnam War, Middle East conflicts, U.S. budget deficits and resulting stagflation.
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse,” he told CNBC, Monday. “Maybe all of it will happen, but at different times.”
Read More @ ETFDailyNews.com
by Jeff Mason, Reuters:
(excerpt) …A rejection by the court would be a big blow to Obama going into the November 6 presidential election.
Republican presidential candidates, who are vying to take on Obama in November elections, have promised to repeal the law if one of them wins the White House.
Obama’s advisers say they have not prepared contingency plans if the measure fails. But the president — who expressed confidence that the court would uphold the law — made clear how he would address it on the campaign trail if the court strikes it down.
“Ultimately, I am confident that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress,” Obama said at a news conference with the leaders of Canada and Mexico.
Read More @ Reuters.com
(excerpt) …A rejection by the court would be a big blow to Obama going into the November 6 presidential election.Republican presidential candidates, who are vying to take on Obama in November elections, have promised to repeal the law if one of them wins the White House.
Obama’s advisers say they have not prepared contingency plans if the measure fails. But the president — who expressed confidence that the court would uphold the law — made clear how he would address it on the campaign trail if the court strikes it down.
“Ultimately, I am confident that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress,” Obama said at a news conference with the leaders of Canada and Mexico.
Read More @ Reuters.com
Hyper Report: Will US Troops Fire On Americans?
Source Links for Today’s Items:
More than 17 million people, or 10.8
percent, are out of work in the EU… And that is the official numbers.
They expect that number to go above 11 percent by the end of the year…
Hell, if they do not get a hand on Spain, Italy, and Portugal, expect
even higher numbers. In short, violent Revolution can be spelled the
same way as chronic high unemployment.
The French GDP is 2.77 trillion dollars
and its total National debt is 3 trillion dollars. Is it any wonder why
France is not calling the shots in economic summits? With that said,
compared to the U.S.’s debt ratio – accounting for unfunded liabilities,
France is in great shape.
Mr. Hope and Positive – Just kidding,
“Dr. Doom” Marc Faber says that runaway government debts have triggered
uncontrolled money printing that in turn will lead to inflation that
will decimate portfolios. He says to own land; however, tax hikes can
destroy that idea in short order. The best thing to be in are physical
assets like gold and silver; therefore, keep stacking.
The question of troop involvement in a
possible upcoming Martial Law scenario is no imaginary possibility. The
question is, will the military defy their oath to protect the U.S.
constitution and do mass round-up of Americans to be placed into FEMA
camps? Will these military soldiers also fire on Americans? Some may;
however, a growing number of well educated soldiers are seeing what is
going on and turning a skeptical eye back onto the government itself as
the possible enemy. The question is, who will win? The U.S. military
with support from a civilian militia or the DHS and United Nations’ army
of deviant scum?
Scientists have drawn up plans, that are
stalled for now, for a new generation of nuclear-powered drones capable
of flying over remote regions of the world for months on end without
refueling. Imagine a Northrop Grumman helium-cooled nuclear reactor
drone crashing into a non-populated region… perhaps like Las Vegas?
Hmmm… Sounds like”The Stand” to me.
At 39.2 percent, the United States has
the highest corporate tax rate and Vice President Joe Biden thinks that
is not enough as he wants a global minimum tax rate. Think of it, if
Obama were not in office, we would have Biden.
A night club in Montgomery Alabama now
accepts food stamps for alcoholic beverages to draw in people to the
club. While officials at the Human Resources Department do not approve
of it, they are not stopping it either. Guess they look at it as another
way to get the economy going. Its another $280 per family a month added
to the economy!
Technology is designed to increase flying time ‘from days to months’, along with power available for weapons systems
by Nick Fielding, Guardian.co.uk
American scientists have drawn up plans for a new generation of
nuclear-powered drones capable of flying over remote regions of the
world for months on end without refuelling.
The blueprints for the new drones, which have been developed by Sandia National Laboratories – the US government’s principal nuclear research and development agency – and defence contractor Northrop Grumman, were designed to increase flying time “from days to months” while making more power available for operating equipment, according to a project summary published by Sandia.
“It’s pretty terrifying prospect,” said Chris Coles of Drone Wars UK, which campaigns against the increasing use of drones for both military and civilian purposes. “Drones are much less safe than other aircraft and tend to crash a lot. There is a major push by this industry to increase the use of drones and both the public and government are struggling to keep up with the implications.”
Read More @ Guardian.co.uk
by Nick Fielding, Guardian.co.uk
American scientists have drawn up plans for a new generation of
nuclear-powered drones capable of flying over remote regions of the
world for months on end without refuelling.The blueprints for the new drones, which have been developed by Sandia National Laboratories – the US government’s principal nuclear research and development agency – and defence contractor Northrop Grumman, were designed to increase flying time “from days to months” while making more power available for operating equipment, according to a project summary published by Sandia.
“It’s pretty terrifying prospect,” said Chris Coles of Drone Wars UK, which campaigns against the increasing use of drones for both military and civilian purposes. “Drones are much less safe than other aircraft and tend to crash a lot. There is a major push by this industry to increase the use of drones and both the public and government are struggling to keep up with the implications.”
Read More @ Guardian.co.uk
Post-FOMC Market Reaction
Equities
tumbled but Gold/Silver and Treasuries were the hardest hit as the
potential reality of lower chance of more massive LSAPs was evident in
the FOMC minutes. As we have argued for weeks now, the Fed is cornered
and is unable to enact QE3 without a much more significant drop in
markets and implicitly the economy. We assume now that the sell-side
will refocus its efforts on telling us all just how bad the economic
picture really is...
from The Economic Collapse Blog:
Do you believe that preppers are a few cards short of a full deck? Do you assume that anyone that is “preparing for doomsday”
does not have their elevator going all the way to the top floor? Well,
you might want to read this first before you make a final decision that
all preppers are crazy. The information that you are about to read
shook me up a bit when I first looked it over. To be honest, I had no
idea how incredibly vulnerable our economic system is to a
transportation disruption. I am continually getting emails and comments
on my websites asking “how to prepare” for what is coming, so when I
came across this information I knew that I had to share it with all of
you. Hopefully what you are about to read will motivate you to prepare
like never before, and hopefully you will share this information with
others.
Originally, I was going to write an article about the rising unemployment in Europe today. Did you know that unemployment in the eurozone is now at a 15 year high? It has risen for 10 months in a row with no end in sight.
Read More @ TheEconomicCollapseBlog.com
Do you believe that preppers are a few cards short of a full deck? Do you assume that anyone that is “preparing for doomsday”
does not have their elevator going all the way to the top floor? Well,
you might want to read this first before you make a final decision that
all preppers are crazy. The information that you are about to read
shook me up a bit when I first looked it over. To be honest, I had no
idea how incredibly vulnerable our economic system is to a
transportation disruption. I am continually getting emails and comments
on my websites asking “how to prepare” for what is coming, so when I
came across this information I knew that I had to share it with all of
you. Hopefully what you are about to read will motivate you to prepare
like never before, and hopefully you will share this information with
others.Originally, I was going to write an article about the rising unemployment in Europe today. Did you know that unemployment in the eurozone is now at a 15 year high? It has risen for 10 months in a row with no end in sight.
Read More @ TheEconomicCollapseBlog.com
And As A Reminder
...For
those confused why the market is reacting like a stung bee to today's
announcement that contrary to Jan Hatzius' expectations, Twist may not
be extended (at least not before we get a 20% market correction), here
is where all, repeat all, market "growth" has come from in the past three months. Hint: $2 trillion in central bank easy money.
Because the ECB is now shooting blanks, the Fed will find it difficult
to ease so close to the debt ceiling farce, and the BOJ is irrelevant.
And if the spigot is shut off, watch out below.
by John Rubino, Financial Sense:
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities?
There’s a hundred-trillion dollar gap between lowest and highest on this spectrum, which allows each commentator to confuse the rest of us by picking the measure that best suits their point of view. New York Times columnist Paul Krugman, for instance, uses “net debt” — the amount that the US owes foreigners — to argue that since this number is relatively small and slow-growing, we’re actually fine. Analysts using broader definitions of debt come to the opposite, more apocalyptic conclusion.
Read More @ FinancialSense.com
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities?
There’s a hundred-trillion dollar gap between lowest and highest on this spectrum, which allows each commentator to confuse the rest of us by picking the measure that best suits their point of view. New York Times columnist Paul Krugman, for instance, uses “net debt” — the amount that the US owes foreigners — to argue that since this number is relatively small and slow-growing, we’re actually fine. Analysts using broader definitions of debt come to the opposite, more apocalyptic conclusion.
Read More @ FinancialSense.com
WTF? A Couple Of Irritations Today
Dave in Denver at The Golden Truth - 1 hour ago
So CNBC plus your local moronic financial adviser are trying to convince
you that gold is in a bubble? Barron's online just posted an article in
which some shit-for-brains analyst from Piper Jaffray and another one from
some bucket shop laid out the case for AAPL to hit a trillion dollar market
cap. I've been wondering when Wall Street was going to start throwing out
numbers like that for AAPL. I think the absurdity of that valuation in
relation to AAPL's underlying business and market fundamentals speaks for
itself. I will say, though, if the Fed has to print money in the
quan... more »
FOMC Saw No Needs To Ease Unless Growth Slows
So much for the Hatzius and Hilsenrath prognostications. Headlines coming in:- FOMC SAW NO NEED TO EASE ANEW UNLESS GROWTH SLOWS, MINUTES SHOW
- MOST FOMC PARTICIPANTS SAW `LITTLE EVIDENCE OF COST PRESSURES
- FOMC PARTICIPANTS SAID LABOR MARKET CONDITIONS HAD IMPROVED
- MOST FOMC PARTICIPANTS EXPECTED INFLATION RATE AT 2% OR LESS
- MANY FOMC PARTICIPANTS SAW `EASED' STRAINS IN GLOBAL MARKETS
- MOST ON FOMC SAW TEMPORARY IMPACT FROM RISING OIL, GAS PRICES
- FOMC SAID SIGNIFICANT OUTLOOK CHANGE COULD ALTER 2014 RATE PLAN
Has Dan Loeb Quietly Checked Out Of The Apple Hedge Fund Hotel?
Back in the start of March, before the vertical ascent part of the parabolic move in Apple stock truly took off, we pointed out that out of nowhere, Dan Loeb, long well-known for being quite persuasive in getting his hedge fund friends to piggyback on his ideas, had made the iPad maker his Top 5th position as of the end of February, despite not owning one share two months prior. Well as of the end of March, per the firm's just released update of its top positions, Apple is no longer in the Top 5, even as it was his 2nd best performer of the month on March 15. Has Loeb, acutely aware of such things as blow off tops and manias, merely trimmed his position, or has he cut his exposure entirely? As a reminder, this wont be the first time Loeb "rented in" and out of the AAPL hedge fund hotel, having done so most recently in Q2 of 2011. And if Third Point is gone, are Loeb's idea dinner buddies out as well?Guest Post: Four Signs Of Asia’s Rise Over The West
Six centuries ago, when London and Paris were irrelevant, plague-infested backwaters, and New York City wasn’t even on the map, the greatest city in the world was Nanjing– the capital of the Great Ming. At the time, Nanjing was not only the most populous city on the planet, it was also the pinnacle of civilization. Art, science, technology, and commerce flourished in the Ming Dynasty’s liberalized economy, which constituted a full 31% of global GDP at the time. (By comparison, the US economy is roughly 25% of global GDP today…) Taxes were low, the currency was strong, and overseas trade thrived. For a time, Nanjing truly was the center of the world. Over the next several hundred years, the tide shifted. The Ming Dynasty fell, and power was transferred further west to the Ottoman Empire, and eventually to Europe which had finally emerged from the Dark Ages as the most advanced civilization on Earth... This phenomenon has lasted for several hundred years now… but as history has shown repeatedly, power centers frequently shift. The world is now witnessing yet another transition of power, this time from west to east, as the US-led western hierarchy suffocates within its own debt-laden Keynesian fiat bubble.On The FOMC Minutes: Don't Read Too Much Into Them
Today brings the release of the Minutes of the March 13th FOMC meeting. As Steven Englander of Citi notes today, since the tone of the Minutes reflects the breadth of opinion among FOMC members the risk is that it reads somewhat more hawkish than recent comments by Chairman Bernanke. Persistent hawkishness from other FOMC members could foster the perception that Bernanke will face greater resistance in any push to introduce additional accommodation which could have a negative impact on risk appetite and lend support to USD. This would be particularly true if mentions of possible further easing by FOMC doves are few and far between. Given that interest rate expectations have declined over the past two weeks since the series of speeches by Chairman Bernanke, there does appear to be some room for investors to price in more Fed hawkishness. As reflected in implied yields for December 2013 eurodollar futures, interest rate expectations have dropped nearly 20 bps since March 20th. However, this drop in yields only reverses part of the rise seen in the wake of the Chairman’s earlier Senate testimony and the release of the FOMC statement, so ultimately scope for a rebound should not be open ended. Coupled with the fact that Bernanke’s comments are more recent than March FOMC meeting, this convinces us that risk return in chasing any bout of USD strength upon the release is unattractive.What Happened To US Financials After Yesterday's European Close?
As Dick Bove opines and talking heads explain the money-on-the-sidelines and why AAPL is going to one cajillion, the major
US financials have quietly been notably lagging the performance of the
broad equity markets since yesterday's European equity close.
Whether this is a catch up to credit's recent underperformance or
simply a recognition that nothing in Europe is solved and the contagion
is as real as ever is unclear but for now the buy-of-a-lifetime in
Morgan Stanley is at a 3% 'discount' to yesterday's price...
from Gold Money:
Encouraging new US manufacturing data helped industrial commodities
move higher yesterday, and pushed the Dow Jones and S&P 500 to their
highest closes since May 2008. The silver price
was the standout performer among the precious metals, gaining around
2.4%, with platinum and palladium also outperforming gold as traders
bought risk assets.
The gold price tested resistance at $1,680, but was unable to break above this level. And though silver is now above $32.50 – a consistent resistance point on the weekly silver chart – bulls will need a convincing settlement above $33 before we can start talking about silver being “off to the races” again.
As commented in yesterday’s gold news article, while economic indicators in America are improving (though official statistics give a somewhat rosy take on the matter), things continue to go from bad to worse for certain eurozone countries, with youth unemployment in Spain and Greece now standing at 50.5% and 50.4% respectively.
Read More @ GoldMoney.com
by Bix Weir, Road to Roota:
As an avid gold and silver investor it’s been a very long and winding
Road. I’ve ridden the ups and downs of the industry for over 10 years
and it has been an amazing adventure. Even though the prices of both
gold and silver have risen dramatically I, like many other die hards,
have made and lost substantial amounts of money in the precious metal
markets. Yes, many of us have lost serious amounts of money even though
the prices have risen. In the early years we were suckered into the
Banksters game of fake breakouts and false crashes using leverage
because we thought FOR SURE this was the END of the manipulation and the
GATA Rockets would take off. Mining shares, futures, options, ETF’s,
pooled accounts – you name it. Each one held the promised riches we so
deserved because we had done our homework and figured out that both
metals are massively undervalued. But each time the Banking Cabal dashed
our hopes sending prices tumbling back to earth never fully leaving the
launching pad.
BUT THAT’S THE AMAZING THING!
The main reason I became FULLY invested in gold and silver was NOT because of the fundamentals (although they are outstanding) but rather I understood that both metals were 100% rigged to the downside and I wanted be “on board” when the manipulation ended. That’s what all this work exposing the market riggers has been for…to be there when gold and silver fully realized their TRUE FAIR MARKET VALUE!
Read More @ RoadToRoota.com
From John Butler, Financial Sense:
Already on the defensive due to a persistent failure to achieve its stated policy aims, the US Fed was subject to much fresh criticism over the past week, including from the BRIC nations, collectively the largest foreign holders of US dollar reserves. While the dollar remains the world’s pre-eminent reserve currency, there is growing recognition everywhere, except inside the Fed itself, that a choice will soon have to be made: Either the Fed must move to implement a credible, rules-based monetary policy, focused primarily on preserving the purchasing power of the dollar, or the dollar will lose reserve currency status, initiating a vicious spiral of dollar and US Treasury market weakness, which would quickly spill over into the financial system generally. Were that to happen, the current debate about how to reduce the US budget deficit would be promptly settled, as it would become impossible for the US to finance public sector deficits in the first place. Does the Fed, or the government, see the danger? Regardless, investors need not only to see it, but to understand it and to act accordingly. Time may be shorter than I previously thought.
Read More @ Financial Sense
Encouraging new US manufacturing data helped industrial commodities
move higher yesterday, and pushed the Dow Jones and S&P 500 to their
highest closes since May 2008. The silver price
was the standout performer among the precious metals, gaining around
2.4%, with platinum and palladium also outperforming gold as traders
bought risk assets.The gold price tested resistance at $1,680, but was unable to break above this level. And though silver is now above $32.50 – a consistent resistance point on the weekly silver chart – bulls will need a convincing settlement above $33 before we can start talking about silver being “off to the races” again.
As commented in yesterday’s gold news article, while economic indicators in America are improving (though official statistics give a somewhat rosy take on the matter), things continue to go from bad to worse for certain eurozone countries, with youth unemployment in Spain and Greece now standing at 50.5% and 50.4% respectively.
Read More @ GoldMoney.com
by Tibor Machan, The Daily Bell:
Veterans marched on the Whitehouse in Washington DC on Monday 20th of February 2012. The reason they march is to tell the people, the Whitehouse and Obama that Ron Paul
is their choice for President on the upcoming election. Thousands
showed up for the march and there was a ceremony for the troops that has
died under Obama as Commander and Chief. The veterans called out
“President Ron Paul” to support Ron Paul in the upcoming election and
his call for ending the wars. 75% of the troops support Ron Paul today
and he is receiving most of the funding for his campaign from the
troops. The words “End the FED” was also chanted by the marching
veterans. – YouTube
Dominant Social Theme: What veterans and who is Ron Paul?
Free-Market Analysis: Something big is stirring among top vet leaders who are unhappy with the direction of US politics and economics. They seem to be in the process of recreating the “Bonus Army” march of 1932 that nearly toppled the US government of the day.
Unlike the Bonus Army march that ended in DC, this march will focus on Tampa Bay, Florida in late August and target the Republican National Convention. It is intended to send a ringing message that “the troops” are behind libertarian Congressman and presidential candidate Ron Paul (R-Tex) and his anti-war, pro-America message.
Read More & See Video @ TheDailyBell.com
Veterans marched on the Whitehouse in Washington DC on Monday 20th of February 2012. The reason they march is to tell the people, the Whitehouse and Obama that Ron Paul
is their choice for President on the upcoming election. Thousands
showed up for the march and there was a ceremony for the troops that has
died under Obama as Commander and Chief. The veterans called out
“President Ron Paul” to support Ron Paul in the upcoming election and
his call for ending the wars. 75% of the troops support Ron Paul today
and he is receiving most of the funding for his campaign from the
troops. The words “End the FED” was also chanted by the marching
veterans. – YouTubeDominant Social Theme: What veterans and who is Ron Paul?
Free-Market Analysis: Something big is stirring among top vet leaders who are unhappy with the direction of US politics and economics. They seem to be in the process of recreating the “Bonus Army” march of 1932 that nearly toppled the US government of the day.
Unlike the Bonus Army march that ended in DC, this march will focus on Tampa Bay, Florida in late August and target the Republican National Convention. It is intended to send a ringing message that “the troops” are behind libertarian Congressman and presidential candidate Ron Paul (R-Tex) and his anti-war, pro-America message.
Read More & See Video @ TheDailyBell.com
As an avid gold and silver investor it’s been a very long and winding
Road. I’ve ridden the ups and downs of the industry for over 10 years
and it has been an amazing adventure. Even though the prices of both
gold and silver have risen dramatically I, like many other die hards,
have made and lost substantial amounts of money in the precious metal
markets. Yes, many of us have lost serious amounts of money even though
the prices have risen. In the early years we were suckered into the
Banksters game of fake breakouts and false crashes using leverage
because we thought FOR SURE this was the END of the manipulation and the
GATA Rockets would take off. Mining shares, futures, options, ETF’s,
pooled accounts – you name it. Each one held the promised riches we so
deserved because we had done our homework and figured out that both
metals are massively undervalued. But each time the Banking Cabal dashed
our hopes sending prices tumbling back to earth never fully leaving the
launching pad.BUT THAT’S THE AMAZING THING!
The main reason I became FULLY invested in gold and silver was NOT because of the fundamentals (although they are outstanding) but rather I understood that both metals were 100% rigged to the downside and I wanted be “on board” when the manipulation ended. That’s what all this work exposing the market riggers has been for…to be there when gold and silver fully realized their TRUE FAIR MARKET VALUE!
Read More @ RoadToRoota.com
from Gains Pains & Capital:
So what makes this time different?
Several items:
1) The Crisis coming from Europe will be far, far larger in scope than anything the Fed has dealt with before.
2) The Fed is now politically toxic and cannot engage in aggressive monetary policy without experiencing severe political backlash (this is an election year).
3) The Fed’s resources are spent to the point that the only thing the Fed could do would be to announce an ENORMOUS monetary program which would cause a Crisis in of itself.
Read More @ Gains Pains & Capital
So what makes this time different?
Several items:
1) The Crisis coming from Europe will be far, far larger in scope than anything the Fed has dealt with before.
2) The Fed is now politically toxic and cannot engage in aggressive monetary policy without experiencing severe political backlash (this is an election year).
3) The Fed’s resources are spent to the point that the only thing the Fed could do would be to announce an ENORMOUS monetary program which would cause a Crisis in of itself.
Read More @ Gains Pains & Capital
From John Butler, Financial Sense:
Already on the defensive due to a persistent failure to achieve its stated policy aims, the US Fed was subject to much fresh criticism over the past week, including from the BRIC nations, collectively the largest foreign holders of US dollar reserves. While the dollar remains the world’s pre-eminent reserve currency, there is growing recognition everywhere, except inside the Fed itself, that a choice will soon have to be made: Either the Fed must move to implement a credible, rules-based monetary policy, focused primarily on preserving the purchasing power of the dollar, or the dollar will lose reserve currency status, initiating a vicious spiral of dollar and US Treasury market weakness, which would quickly spill over into the financial system generally. Were that to happen, the current debate about how to reduce the US budget deficit would be promptly settled, as it would become impossible for the US to finance public sector deficits in the first place. Does the Fed, or the government, see the danger? Regardless, investors need not only to see it, but to understand it and to act accordingly. Time may be shorter than I previously thought.
Read More @ Financial Sense
from Silver Doctors:
Dubbed The Silver Circle Hottie by Max Keiser, The Doc and Bull Run caught up with marketing director Megan Duffield for an exclusive interview on the upcoming release of the Silver Circle Movie.
Megan discloses a little of the storyline (monetary mayhem, romance, rebel uprising against the fed using silver), talks about Ron Paul’s actions on February 29th, discloses the estimated release of the film, and informs us that the Boston Fed has been keeping an eye on their production. Apparently not everyone is looking forward to the film.
Read More @ SilverDoctors.com
Dubbed The Silver Circle Hottie by Max Keiser, The Doc and Bull Run caught up with marketing director Megan Duffield for an exclusive interview on the upcoming release of the Silver Circle Movie.
Megan discloses a little of the storyline (monetary mayhem, romance, rebel uprising against the fed using silver), talks about Ron Paul’s actions on February 29th, discloses the estimated release of the film, and informs us that the Boston Fed has been keeping an eye on their production. Apparently not everyone is looking forward to the film.
Read More @ SilverDoctors.com
by Neil Charnock, Gold Seek.com:
I am not preaching to the converted however most if not all readers
will know that the US banking system is in trouble as evidenced by QE1,
QE2 and now suggestions of QE3. Governments would not offer or provide
the monstrous bailouts and deposit guarantees unless this was the case.
The European bank has also taken steps to prop up their banking system
since 2008, with in excess of US$1.2T in new support in the past 4
months. This is a global phenomenon made necessary due to the gradual
debt collapse, a deleveraging process that will persist for many years
to come.
This kicking of the can down the road is all about buying time for the financial institutions to repair their balance sheets. This expensive ‘time’ purchase is considered the only way out by governments that don’t want a collapse on their watch and because there has been a very real danger of a total collapse of the entire financial system. The counter party risk of this intricately linked system is highly dangerous thanks to the size of the debt, derivatives, credit default swaps and now the bond market bubble. This is all key to understanding what I am about to say about gold and how it fits.
Read More @ GoldSeek.com
I am not preaching to the converted however most if not all readers
will know that the US banking system is in trouble as evidenced by QE1,
QE2 and now suggestions of QE3. Governments would not offer or provide
the monstrous bailouts and deposit guarantees unless this was the case.
The European bank has also taken steps to prop up their banking system
since 2008, with in excess of US$1.2T in new support in the past 4
months. This is a global phenomenon made necessary due to the gradual
debt collapse, a deleveraging process that will persist for many years
to come. This kicking of the can down the road is all about buying time for the financial institutions to repair their balance sheets. This expensive ‘time’ purchase is considered the only way out by governments that don’t want a collapse on their watch and because there has been a very real danger of a total collapse of the entire financial system. The counter party risk of this intricately linked system is highly dangerous thanks to the size of the debt, derivatives, credit default swaps and now the bond market bubble. This is all key to understanding what I am about to say about gold and how it fits.
Read More @ GoldSeek.com
by Paul Craig Roberts, Infowars:
Great empires, such as the Roman and British, were extractive. The
empires succeeded because the value of the resources and wealth
extracted from conquered lands exceeded the value of conquest and
governance. The reason Rome did not extend its empire east into Germany
was not the military prowess of Germanic tribes but Rome’s calculation
that the cost of conquest exceeded the value of extractable resources.
The Roman Empire failed because Romans exhausted manpower and resources in civil wars fighting among themselves for power. The British empire failed because the British exhausted themselves fighting Germany in two world wars.
In his book The Rule of Empires (2010), Timothy H. Parsons replaces the myth of the civilizing empire with the truth of the extractive empire. He describes the successes of the Romans, the Umayyad Caliphate, the Spanish in Peru, Napoleon in Italy, and the British in India and Kenya in extracting resources. To lower the cost of governing Kenya, the British instigated tribal consciousness and invented tribal customs that worked to British advantage.
Read More @ InfoWars.com
Great empires, such as the Roman and British, were extractive. The
empires succeeded because the value of the resources and wealth
extracted from conquered lands exceeded the value of conquest and
governance. The reason Rome did not extend its empire east into Germany
was not the military prowess of Germanic tribes but Rome’s calculation
that the cost of conquest exceeded the value of extractable resources.The Roman Empire failed because Romans exhausted manpower and resources in civil wars fighting among themselves for power. The British empire failed because the British exhausted themselves fighting Germany in two world wars.
In his book The Rule of Empires (2010), Timothy H. Parsons replaces the myth of the civilizing empire with the truth of the extractive empire. He describes the successes of the Romans, the Umayyad Caliphate, the Spanish in Peru, Napoleon in Italy, and the British in India and Kenya in extracting resources. To lower the cost of governing Kenya, the British instigated tribal consciousness and invented tribal customs that worked to British advantage.
Read More @ InfoWars.com
by David Schectman, Miles Franklin:
Yesterday, I wrote about Trader David R’s comments on manipulation.
After giving some thought to what he wrote, I asked myself the following
question – if, as David R says, “There is much bigger money at play now
and it’s HOT money that comes in and out; and they try to make money
pushing all markets around,” then what will happen if this
outside-the-system Wall of Hot Money decides to zero in on the dollar?
Not so many years ago, George Soros nearly brought down the British Pound. Can these guys bring down the dollar? I can hear some of you saying, “No way – the Chinese would never let that happen because they have around $2 Trillion of their reserves in dollars.” Do you think that will be sufficient motivation to support the dollar? If they “allow” the dollar to lose half its value, then they lose $1 Trillion. That would be a small sacrifice if it moved their yuan into prominence as the replacement “Reserve Currency” role. A very small sacrifice.
In fact, a lot of this “wall of hot money” may be coming via the Sovereign Investment Fund in China, or from out of sight wealthy Chinese investors. It doesn’t matter who is behind this Wall of Hot Money – it only matters what they do with it. I say, it is only a matter of time before this “Wall of Money” goes after the dollar and at the same time, corners the gold and silver market.
Read More @ MilesFranklin.com
Yesterday, I wrote about Trader David R’s comments on manipulation.
After giving some thought to what he wrote, I asked myself the following
question – if, as David R says, “There is much bigger money at play now
and it’s HOT money that comes in and out; and they try to make money
pushing all markets around,” then what will happen if this
outside-the-system Wall of Hot Money decides to zero in on the dollar?Not so many years ago, George Soros nearly brought down the British Pound. Can these guys bring down the dollar? I can hear some of you saying, “No way – the Chinese would never let that happen because they have around $2 Trillion of their reserves in dollars.” Do you think that will be sufficient motivation to support the dollar? If they “allow” the dollar to lose half its value, then they lose $1 Trillion. That would be a small sacrifice if it moved their yuan into prominence as the replacement “Reserve Currency” role. A very small sacrifice.
In fact, a lot of this “wall of hot money” may be coming via the Sovereign Investment Fund in China, or from out of sight wealthy Chinese investors. It doesn’t matter who is behind this Wall of Hot Money – it only matters what they do with it. I say, it is only a matter of time before this “Wall of Money” goes after the dollar and at the same time, corners the gold and silver market.
Read More @ MilesFranklin.com
by Noah Shachtman , Wired :
It’s a story so convoluted, only Washington could serve it up. Eighteen
months ago, the Pentagon’s chief ordered the Air Force to start
building a king-sized blimp that could spy on whole Afghan villages at
once. That blimp is almost ready for flight testing. But the Air Force
doesn’t want to deploy the thing, for reasons both sensible and not. So
now a pair of influential senators are demanding that the Air Force send
the blimp to the skies above the warzone.
“We believe it would be a significant failure to stop work and not deploy this much needed platform to Afghanistan,” Senators Thad Cochran and Daniel Ionuye complain in a Feb. 14 letter to Deputy Defense Secretary Ashton Carter (.pdf), obtained by Danger Room.
Just two small problems. These senators, though powerful, are pretty famous on Capitol Hill for backing some rather wacky and useless projects. Oh, and there’s a second giant spy blimp that is also scheduled for a flight test soon, and also promised to the generals in Afghanistan.
The airship that’s attracted the senators’ attention is known as Blue Devil Block 2. At 370 feet long and 1.4 million cubic feet fat, it is one of the largest blimps built in this country since World War II. All that size allows it to stay in the air for days at a time at 20,000 feet.
Read More @ Wired.com
It’s a story so convoluted, only Washington could serve it up. Eighteen
months ago, the Pentagon’s chief ordered the Air Force to start
building a king-sized blimp that could spy on whole Afghan villages at
once. That blimp is almost ready for flight testing. But the Air Force
doesn’t want to deploy the thing, for reasons both sensible and not. So
now a pair of influential senators are demanding that the Air Force send
the blimp to the skies above the warzone.“We believe it would be a significant failure to stop work and not deploy this much needed platform to Afghanistan,” Senators Thad Cochran and Daniel Ionuye complain in a Feb. 14 letter to Deputy Defense Secretary Ashton Carter (.pdf), obtained by Danger Room.
Just two small problems. These senators, though powerful, are pretty famous on Capitol Hill for backing some rather wacky and useless projects. Oh, and there’s a second giant spy blimp that is also scheduled for a flight test soon, and also promised to the generals in Afghanistan.
The airship that’s attracted the senators’ attention is known as Blue Devil Block 2. At 370 feet long and 1.4 million cubic feet fat, it is one of the largest blimps built in this country since World War II. All that size allows it to stay in the air for days at a time at 20,000 feet.
Read More @ Wired.com
from The Daily Bell:
ACLU
Blasts ‘Electronic Harassment’ Bill; Says It Criminalizes Free Speech …
The American Civil Liberties Union of Connecticut is blasting a bill
proposed by state prosecutors that would make “electronic harassment” a
crime — including such acts as posting information on the Internet that
“has the effect of causing substantial embarrassment or humiliation to
[a] person within an academic or professional community.” The bill,
which comes up for a public hearing by the legislature’s judiciary
committee Thursday, “criminalizes speech that is protected by the First
Amendment of the Constitution,” said Sandra Staub, legal director for
the state ACLU. “It’s vague. It’s overbroad.” For example, Staub said,
it contains “no standards for substantially interfering with someone’s
academic performance.” – N Hartford Courant
Dominant Social Theme: Now SOPA moves to the states. Good.
Free-Market Analysis: These bills are all about the criminalizing of the Internet. Now that SOPA has been pushed back on the federal front, the action is turning to the states. The idea, in our view, is to whittle away at the Internet bit by bit. Create precedent at the state level and then move in again at the federal level.
The powers-that-be don’t like the Internet or what we call the Internet Reformation that has changed the context of the power debate in the US and throughout the world.
Read More & See Video @ TheDailyBell.com
ACLU
Blasts ‘Electronic Harassment’ Bill; Says It Criminalizes Free Speech …
The American Civil Liberties Union of Connecticut is blasting a bill
proposed by state prosecutors that would make “electronic harassment” a
crime — including such acts as posting information on the Internet that
“has the effect of causing substantial embarrassment or humiliation to
[a] person within an academic or professional community.” The bill,
which comes up for a public hearing by the legislature’s judiciary
committee Thursday, “criminalizes speech that is protected by the First
Amendment of the Constitution,” said Sandra Staub, legal director for
the state ACLU. “It’s vague. It’s overbroad.” For example, Staub said,
it contains “no standards for substantially interfering with someone’s
academic performance.” – N Hartford CourantDominant Social Theme: Now SOPA moves to the states. Good.
Free-Market Analysis: These bills are all about the criminalizing of the Internet. Now that SOPA has been pushed back on the federal front, the action is turning to the states. The idea, in our view, is to whittle away at the Internet bit by bit. Create precedent at the state level and then move in again at the federal level.
The powers-that-be don’t like the Internet or what we call the Internet Reformation that has changed the context of the power debate in the US and throughout the world.
Read More & See Video @ TheDailyBell.com
by Jared Cummans, ETFDailyNews.com:
For the past few years, the investing
world has turned gold into its darling commodity, as its meteoric rise
was well-documented and thrust into the forefront of major media and
news sites. All the while, its sister metal silver received very little
attention by comparison. Now, many see gold
as a great portfolio diversifying agent, a sound inflation hedge, as
well as a great place to grow initial capital. While gold may be poised
for a bright future, silver may present an even greater opportunity that
investors would do well not to ignore [see also 25 Ways To Invest In Silver].
The Silver Side
From an investment standpoint, there are a number of factors that make a compelling argument to allocate to silver over gold. First and foremost, silver is a much more practical metal. Silver has thousands of industrial uses that make it a key element in the production of a number of products.
Read More @ ETFDailyNews.com
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For the past few years, the investing
world has turned gold into its darling commodity, as its meteoric rise
was well-documented and thrust into the forefront of major media and
news sites. All the while, its sister metal silver received very little
attention by comparison. Now, many see gold
as a great portfolio diversifying agent, a sound inflation hedge, as
well as a great place to grow initial capital. While gold may be poised
for a bright future, silver may present an even greater opportunity that
investors would do well not to ignore [see also 25 Ways To Invest In Silver].The Silver Side
From an investment standpoint, there are a number of factors that make a compelling argument to allocate to silver over gold. First and foremost, silver is a much more practical metal. Silver has thousands of industrial uses that make it a key element in the production of a number of products.
Read More @ ETFDailyNews.com
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