Facebook...Massive losses...
$28 handle... FaceBook - truly the gift that keeps on giving... massive losses
from TruthNeverTold :
It has been 13 months since May 1st Silver drive-by shooting of the silver market. 13 months of aggressive price suppression, well timed margin increases, naked short selling and price propaganda. 13 months of of people struggling with their decision to buy physical silver. 13 months of a battle between the Wall Street paper traders and the physical stackers. This is a struggle that can only end in this titanic fraud ending and the fractional reserve debt based monetary system and all of the unsustainable control systems in the ash heap of history.
NOW is the time to buy silver. When all of the froth is out of the market and this is where the smart money sees the truly under appreciated assets and keep accumulating. The utter complacency in the silver market today is astounding, where as once a new Eric Sprott interview on Zero Hedge would get hundreds of comments in a few hours, now a day will go buy with hardly anything.
Things have only gotten exponentially worse in the fiat debt based world that we live in. No longer do we worry about companies like Enron, or hedge funds like LTCM, or even institutions like Bear Stearns taking down the economy, now it is sovereign nations. This systemic failure cannot be absorbed by any larger entity and will result in the complete destruction of this world economy and a final, and very necessary, purge of all of the global debt. The only way to secure your future is by owning things of real tangible value, and nothing shines brighter than silver.
It has been 13 months since May 1st Silver drive-by shooting of the silver market. 13 months of aggressive price suppression, well timed margin increases, naked short selling and price propaganda. 13 months of of people struggling with their decision to buy physical silver. 13 months of a battle between the Wall Street paper traders and the physical stackers. This is a struggle that can only end in this titanic fraud ending and the fractional reserve debt based monetary system and all of the unsustainable control systems in the ash heap of history.
NOW is the time to buy silver. When all of the froth is out of the market and this is where the smart money sees the truly under appreciated assets and keep accumulating. The utter complacency in the silver market today is astounding, where as once a new Eric Sprott interview on Zero Hedge would get hundreds of comments in a few hours, now a day will go buy with hardly anything.
Things have only gotten exponentially worse in the fiat debt based world that we live in. No longer do we worry about companies like Enron, or hedge funds like LTCM, or even institutions like Bear Stearns taking down the economy, now it is sovereign nations. This systemic failure cannot be absorbed by any larger entity and will result in the complete destruction of this world economy and a final, and very necessary, purge of all of the global debt. The only way to secure your future is by owning things of real tangible value, and nothing shines brighter than silver.
The
Bank of England is poised to cut interest rates or launch another round
of quantitative easing if the euro collapses, it emerged on Monday.
by Robert Winnett, The Telegraph:
A senior official for the Bank said the measures would “again play
[their] part in mitigating the impact” of Greece or other countries
leaving the single currency.
The comments come after the head of the IMF suggested last week that British interest rates may have to be cut to zero if the economic situation deteriorates.
The Bank has already completed a quantitative easing programme, effectively printing more money worth £325billion and this may be extended again.
Yesterday, David Cameron hosted a meeting with Sir Mervyn King, Governor of the Bank; Lord Turner, the chairman of the Financial Services Authority; and the Chancellor, to discuss contingency plans to deal with the collapse of the euro.
Read More @ Telegraph.co.uk
by Robert Winnett, The Telegraph:
A senior official for the Bank said the measures would “again play
[their] part in mitigating the impact” of Greece or other countries
leaving the single currency.The comments come after the head of the IMF suggested last week that British interest rates may have to be cut to zero if the economic situation deteriorates.
The Bank has already completed a quantitative easing programme, effectively printing more money worth £325billion and this may be extended again.
Yesterday, David Cameron hosted a meeting with Sir Mervyn King, Governor of the Bank; Lord Turner, the chairman of the Financial Services Authority; and the Chancellor, to discuss contingency plans to deal with the collapse of the euro.
Read More @ Telegraph.co.uk
On Europe: "A Willing Lender Of Last Resort May Not Be Enough"
It is becoming clearer and clearer that some new policy option is required in Europe
- but as JPMorgan's Michael Cembalest excellent cartoon description of
the never-ending circular arguments among European leaders would put it
- you would have to be a wide-eyed optimist to believe it will be a decisive one.
Comparing the progress of the European Monetary Union with structural
changes in the US around the end of the 19th century, it is arguable
that more time is needed before judgment is passed but they may not get
the chance. The resolution of a staggering EUR10 trillion in peripheral sovereign, household, and corporate debt may not wait.
Durable unions are signaled by signs of wage convergence and
unilateral transfers of wealth to smooth regional income difference - while
a lender of last resort appears to be most people's solution, it
likely will not be enough given the competitive divergences.Is The Bell Tolling For The U.S. Dollar?
Dave in Denver at The Golden Truth - 22 minutes ago
*How did the dollar die? First it died slowly — then all at once...No
asset
is safe now. The only choice to hedge risks is to hold hard currency —
gold*(Zhang Jianhua from China's Central Bank) - source of quotes
LINK
The economic numbers reported this morning showed continued
deterioration
in housing and the overall economy. In addition, consumer and investor
confidence is starting to plunge again.
The Case-Shiller 20 city index of housing showed that the small bounce
in
housing prices that was expected in March from February was actually a
lot
smaller than expected. Year ove... more »
Germany Has A Generous Proposal To The Broke PIIGS: "Cash For Gold"
Back in February, as part of the latest Greek bailout of European banks, we noted that the most subversive part of the German-led proposal was nothing short of a gold confiscation scheme. Today, courtesy of The Telegraph, we learn that Germany is quietly reminding the world that the stealthy, but voluntary, accumulation of gold is what it is all about.
As part of a newed push for quasi-Federalism, whereby Germany would
fund a "European Redemption Pact", in which Berlin would, in the form of
Germany-backed joint bonds, be responsible for any sovereign debt over
the 60% Maastrtich limit, but with a big catch. The catch is that "a
key motive is to relieve the European Central Bank of its duties as
chief fire-fighter. "We have got to get the ECB out of the game of
distributing money, and separate fiscal and monetary policy. Germany has
only two votes on the ECB Council and has no way to control
consolidation," he said. Germany would have a lockhold over the fund,
able to enforce discipline. Each state would have to pledge 20pc of
their debt as collateral. "The assets could be taken from the
country’s currency and gold reserves. The collateral nominated would
only be used in the event that a country does not meet its payment
obligations," said the proposal. In other words: a perfectly
legitimate, and fully voluntary scheme in which sovereign gold is
pledged to a German "pawn broker" until such time as the joint bonds
are extinguished, and if for some "unpredictable" reason, a country fails to meet its obligations, read defaults, all the pledged gold goes to Germany!But why Gold? Why not spam. After all gold is selling off, spam is stable, and the dollar is soaring. Couldn't Germany merely demand that broke countries simply pledge all their USD reserves, and keep their worthless, stinking yellow metal? Apparently not.
Are You A Grexican Or A Grexicant? Three Out Of Five Say 'Yes'
While InTrade has the odds of Grexit
by year-end at 40% (off from its 60% highs), when it comes to the
professional money, it seems the odds are higher. In Citigroup's client
survey of credit professionals, they find 62% of investors sure that Greece would not survive in the Eurozone until the end of next year. With 45% expecting Grexit this year and a further 17% expecting it by the end of next, that leaves a still remarkably hopeful 38% of managers who believe Greece will never leave. Are you a Grexican or a Grexican't?Safe Haven - Could U.S. Markets Rally In A Global Decoupling?
Experienced investors try to avoid the "confirmation bias" trap by asking what supports the other side of the trade. Confirmation bias is our instinct to find data to support our position once it is taken. To counter this bias, we must attempt to build a plausible case against our position. If the effort is sincere, we gain a fuller understanding of the market we are playing (or perhaps avoiding). That the global economy is going to heck in a handbasket is self-evident. If you over-weight anecdotal "on the ground" evidence and fade the ginned-up official statistics, it is obvious the global slowdown is picking up speed in Europe and China, two of the world's largest "linchpin" economies.Smart, Sexy Stocks Again Know Something Bumbling Bonds And Dull Dollars Don't
Presented
with little comment - aside to note that we have seen this again and
again and again, but perhaps this time is different...Greeks Are Europe's Hardest Working People According To... The Greeks
Pretty much any commentary here is pointless
Prematurely Evacuating The Tispanic?
First it was the CEO of Bankia whose departure via Golden parachute seems incredible in its absolute lack of shame; and now, as Bloomberg reports, Miguel "Mafo" Ordonez - the Governor of the Bank Of Spain - has resigned - with 2 weeks notice.
BANK OF SPAIN GOVERNOR TO LEAVE ROLE ONE MONTH EARLY
ORDONEZ TO LEAVE ON JUNE 10
Did he maybe find some unmissable Costa Del Sol real estate opportunities forcing him to get out of dodge just that much earlier? If so, could he maybe spread the love and give everyone else the hot tip (aside from Spanish taxpayers of course)?
InTrade Euro Exit Odds By Year End: 40%... And Some Pair Trade Arbs
With the EUR imploding following the recent note out of witchhunt target extraordinaire Egan-Jones, and the apparent inability of the ECB to handle the sandtrap on the 18th (they were supposed to announce the magical mystical bailout announcement 20 minutes ago), it makes sense to check up on the most recent InTrade odds for a [Insert first two letters of a peripheral European country]-xit, or, technically, the odds"Any country currently using the Euro to announce intention to drop it before midnight ET 31 Dec 2012." As of minutes ago, this number was 40%. This, however, appears to be a simple Fibonacci retracement to the all time high of 60% seen last November. And while we don't have an opinion one way or another, this level certainly provides pair trade opportunities: recall that according to Buiter, Greece is out by January 1, 2013, so technically a 100% probability, while the ECB gives 0% odds of a Grexit, ever. In other words, two pair trades of Buying ECB while Shorting InTrade, and Buying InTrade while Shorting Citi, virtually guarantees profits.BTFD...Keep Stacking...Your going to need it..
In this day and age most people hand
over their investment decisions to a financial advisor or pick a few
mutual funds to put in their IRA or 401K with a click of a mouse. Then
there are some of us who have great distrust for the financial markets
and for the people pulling the strings behind the scenes. An even
smaller amount of us have zero investments in the stock market. Some of
you have real estate, farms, collections, small businesses and quite
possibly like myself precious metals. For me and my family we have put
our future into, Poor man´s Gold, The Devils Metal, The White Metal or
better known as Silver.
- Silver is significantly cheaper than gold. Almost everyone in the world can afford it.
- The historical Silver to Gold ratio is 16-1 today as I write this the ratio is 56-1. If we took the traditional 16-1 ratio silver should be priced around $100.
- Silver is being used up while Gold is being hoarded. In the 1950´s there was over 10 billion ounces of silver available worldwide. Today we have around 1 billion ounces of silver available.
This should set the alarms off within any investors mind.
Read More @ swissmetalassets.com
by V. Trotter, Chink in the Armor:
Here are the concepts in a nutshell.
You sit down to sign the note for purchase or resell. Unbeknownst to you, the note has already been securitized. Your signature fulfilled a quota which needed to be filled because of the demands of the Repo and Reverse Repo market. Nearly all of what you are about to read happens upon the instant upon your signature.
In order to actually make it into a trust, your note and the security instrument corresponding to it (mortgage or deed of trust), has to go through a series of transactions regulated by a Pooling and Servicing Agreement (PSA) all of which should be registered individually at the Recorder’s office in the County Courthouse. Instead, they are registered at the county courthouse in the name of MERS thereby avoiding multiple recording fees. MERS is a data base and nominee for all the members of the MERS system. All of the participants in the system of origination and securitization of mortgages are, of course, members of the MERS system.
The MERS system is not unlike the DTCC of Naked Shorts fame. In fact, the designers of the MERS system took the DTCC as their model. It is a private repository of information accessible only by its high priests. If you want to know who and what MERS really is, you must understand that when you ask them, their answer always seems to depend upon who is asking and even more importantly, why?
Read More @ ChinkintheArmor.net
3 Years...2,281 posts... to help keep YOU informed...and only 7 Donations (Thank You Donors) Total raised $165.00...
Please Donate...
Thank You
Here are the concepts in a nutshell.You sit down to sign the note for purchase or resell. Unbeknownst to you, the note has already been securitized. Your signature fulfilled a quota which needed to be filled because of the demands of the Repo and Reverse Repo market. Nearly all of what you are about to read happens upon the instant upon your signature.
In order to actually make it into a trust, your note and the security instrument corresponding to it (mortgage or deed of trust), has to go through a series of transactions regulated by a Pooling and Servicing Agreement (PSA) all of which should be registered individually at the Recorder’s office in the County Courthouse. Instead, they are registered at the county courthouse in the name of MERS thereby avoiding multiple recording fees. MERS is a data base and nominee for all the members of the MERS system. All of the participants in the system of origination and securitization of mortgages are, of course, members of the MERS system.
The MERS system is not unlike the DTCC of Naked Shorts fame. In fact, the designers of the MERS system took the DTCC as their model. It is a private repository of information accessible only by its high priests. If you want to know who and what MERS really is, you must understand that when you ask them, their answer always seems to depend upon who is asking and even more importantly, why?
Read More @ ChinkintheArmor.net
3 Years...2,281 posts... to help keep YOU informed...and only 7 Donations (Thank You Donors) Total raised $165.00...
Please Donate...
Thank You
by Addison Wiggin, Bullion Vault:
SO TODAY
let’s take a look at the “logic” of the American Empire and what you
can expect in the years ahead, and no matter whether a donkey or an
elephant squats in the Oval Office come Jan. 20, 2013, writes Addison
Wiggin, executive publisher of The Daily Reckoning in Baltimore,
Maryland.
“Great empires, such as the Roman and British, were extractive,” the economist Paul Craig Roberts observed recently. “The empires succeeded, because the value of the resources and wealth extracted from conquered lands exceeded the value of conquest and governance.”
Read More @ goldnews.bullionvault.com
SO TODAY
let’s take a look at the “logic” of the American Empire and what you
can expect in the years ahead, and no matter whether a donkey or an
elephant squats in the Oval Office come Jan. 20, 2013, writes Addison
Wiggin, executive publisher of The Daily Reckoning in Baltimore,
Maryland.“Great empires, such as the Roman and British, were extractive,” the economist Paul Craig Roberts observed recently. “The empires succeeded, because the value of the resources and wealth extracted from conquered lands exceeded the value of conquest and governance.”
Read More @ goldnews.bullionvault.com
from Democracy Now! :
Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and Wall Street, as well as the key role Democrats have played in deregulating the financial industry. According to Ferguson, a “predatory elite” has “taken over significant portions of economic policy and of the political system, and also, unfortunately, major portions of the economics discipline.”
Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and Wall Street, as well as the key role Democrats have played in deregulating the financial industry. According to Ferguson, a “predatory elite” has “taken over significant portions of economic policy and of the political system, and also, unfortunately, major portions of the economics discipline.”
by Adrian Ash, Gold Seek:
Bank to Treasury: Forget credit easing. It’s your debt that needs queasing…
UNLIKE PRINGLES tasty potato snacks, quantitative easing doesn’t come with a resealable lid. So the famous sales line is only more true for central bankers:
“Once you pop, you can’t stop!”
This, warns the historian, lurching out of the library stacks, is how Germany’s infamous Weimar Republic moved from something like sanity to madness inside three years. A trickle when it started, “more and more paper [poured] from the Reichsbank presses” by January 1923, writes Adam Ferguson in his well-thumbed history, when money dies
We The Sheeplez: Weimar hyperinflation "When Money Dies" PDF
Read More @ GoldSeek.com
Bank to Treasury: Forget credit easing. It’s your debt that needs queasing…UNLIKE PRINGLES tasty potato snacks, quantitative easing doesn’t come with a resealable lid. So the famous sales line is only more true for central bankers:
“Once you pop, you can’t stop!”
This, warns the historian, lurching out of the library stacks, is how Germany’s infamous Weimar Republic moved from something like sanity to madness inside three years. A trickle when it started, “more and more paper [poured] from the Reichsbank presses” by January 1923, writes Adam Ferguson in his well-thumbed history, when money dies
We The Sheeplez: Weimar hyperinflation "When Money Dies" PDF
Read More @ GoldSeek.com
Astounding quote lifts veil on elite’s arrogance
by Paul Joseph Watson, Infowars:
An astounding quote buried at the bottom of a CNBC article lifts the lid on the arrogance of the global banking elite and their desire to see Greece remain mired in depression.
The article, entitled Greece to Leave Euro Zone on June 18: Wealth Manager, focuses on Integral Asset Management’s Nick Dewhirst’s contention that Greece will exit the single currency the day after national elections on June 17 if the populist party is victorious.
Read More @ Infowars.com
by Paul Joseph Watson, Infowars:
An astounding quote buried at the bottom of a CNBC article lifts the lid on the arrogance of the global banking elite and their desire to see Greece remain mired in depression.
The article, entitled Greece to Leave Euro Zone on June 18: Wealth Manager, focuses on Integral Asset Management’s Nick Dewhirst’s contention that Greece will exit the single currency the day after national elections on June 17 if the populist party is victorious.
However, in the very last paragraph of the story we read;
“Kit Juckes, global head of foreign exchange at Societe
Generale, told CNBC’s “Worldwide Exchange” (see video above) that the
best outcome was “the status quo.” “A Greek economy in depression,
austerity that guarantees they’ll stay in depression and living on life
support from the rest of Europe is the best,” he said.”
As the representative of Societe Generale, one of
Europe’s biggest banks, Juckes is brazenly admitting that the elite
would rather see Greece rot and decline into a failed state than allow
her to leave the euro and become economically independent once again.
Read More @ Infowars.com
by David Morrison, City A.M.:
Many analysts believe that gold was in a bubble which has now popped.
They argue that it is an unproductive asset as it yields nothing and
pays no dividend. But others say that gold is nowhere close to
bubble territory. They note that when adjusted for inflation, the
previous record high of $850 achieved back in 1980 would price gold at
around $2,400 today. Gold bulls also argue that it is destined
to rise much further than this, as the default reaction by developed
world central banks is to inject liquidity into the markets through
quantitative easing and asset purchase programmes. In addition, as every
country seems intent on boosting growth by cheapening their currency to
encourage exports, this simultaneous devaluation of fiat currencies can
only boost gold’s appeal.
Read More @ cityam.com
Many analysts believe that gold was in a bubble which has now popped.
They argue that it is an unproductive asset as it yields nothing and
pays no dividend. But others say that gold is nowhere close to
bubble territory. They note that when adjusted for inflation, the
previous record high of $850 achieved back in 1980 would price gold at
around $2,400 today. Gold bulls also argue that it is destined
to rise much further than this, as the default reaction by developed
world central banks is to inject liquidity into the markets through
quantitative easing and asset purchase programmes. In addition, as every
country seems intent on boosting growth by cheapening their currency to
encourage exports, this simultaneous devaluation of fiat currencies can
only boost gold’s appeal. Read More @ cityam.com
from Zerohedge:
The game for the Swiss National Bank seems to have changed completely.
Again the central bank had increase money supply, as measured by
deposits at the SNB by local banks and by the Swiss confederation, this
time even by 13219 mil. francs (source). This money printing implies that the SNB had to buy in Euros in similar quantities in order maintain the floor. We have speculated
that the SNB will double or triple the Forex reserves before it gives
in and the floor will break. At the current speed of 13 bln per week,
this will result in 676 bln. CHF per year, i.e. they will have tripled
money supply and currency reserves in one year. This sum exceeds
slightly the Swiss GDP, implying that a break of the floor from 1.20 to 1.10 (about 10%) on the basis of 50% Euros in the SNB reserves
would result in a loss of around 5% of GDP at the central bank.
Moreover, in the week ending in May 25th, nothing really extraordinary
happened, what would happen in case of a Greek euro exit?
Read More @ Zerohedge
from ScrapGoldBusiness :
The game for the Swiss National Bank seems to have changed completely.
Again the central bank had increase money supply, as measured by
deposits at the SNB by local banks and by the Swiss confederation, this
time even by 13219 mil. francs (source). This money printing implies that the SNB had to buy in Euros in similar quantities in order maintain the floor. We have speculated
that the SNB will double or triple the Forex reserves before it gives
in and the floor will break. At the current speed of 13 bln per week,
this will result in 676 bln. CHF per year, i.e. they will have tripled
money supply and currency reserves in one year. This sum exceeds
slightly the Swiss GDP, implying that a break of the floor from 1.20 to 1.10 (about 10%) on the basis of 50% Euros in the SNB reserves
would result in a loss of around 5% of GDP at the central bank.
Moreover, in the week ending in May 25th, nothing really extraordinary
happened, what would happen in case of a Greek euro exit?Read More @ Zerohedge
from ScrapGoldBusiness :
by Alan P. Halbert, The Western Center for Journalism:
“Sic Semper Tyrannis”,
latin for “Thus Always to Tyrants,“ is the rallying cry against tyranny
dating back to the Roman Empire with the utterance of this phrase by
Marcus Junius Brutus upon the assassination of Julius Caesar. This
simple phrase has been used by countless European nationals as a cry to
arms for independence from their oppressive monarchs, as well as others
down through the ages since first spoken two thousand years ago. To
give an American context to this phrase, John Wilkes Booth immortalized
it as he leapt to the stage from the Presidential Box after mortally
wounding Abraham Lincoln at Fords Theater 147 years ago, and it is the
motto for the state of Virginia.
Throughout history, man has always sought self-determination as a God-given or natural right as they struggled against the rule of man through kings, royalty, and monarchs. This nation was founded upon the principle that man, given the ability, the will, and means to do so, could flourish under self-rule and the rule of law. Flourish, we have; the amount of economic growth and wonders this nation has seen in its short existence of only 236 years is astounding and has not been rivaled in history.
Read More @ WesternJournalism.com
“Sic Semper Tyrannis”,
latin for “Thus Always to Tyrants,“ is the rallying cry against tyranny
dating back to the Roman Empire with the utterance of this phrase by
Marcus Junius Brutus upon the assassination of Julius Caesar. This
simple phrase has been used by countless European nationals as a cry to
arms for independence from their oppressive monarchs, as well as others
down through the ages since first spoken two thousand years ago. To
give an American context to this phrase, John Wilkes Booth immortalized
it as he leapt to the stage from the Presidential Box after mortally
wounding Abraham Lincoln at Fords Theater 147 years ago, and it is the
motto for the state of Virginia.Throughout history, man has always sought self-determination as a God-given or natural right as they struggled against the rule of man through kings, royalty, and monarchs. This nation was founded upon the principle that man, given the ability, the will, and means to do so, could flourish under self-rule and the rule of law. Flourish, we have; the amount of economic growth and wonders this nation has seen in its short existence of only 236 years is astounding and has not been rivaled in history.
Read More @ WesternJournalism.com
by David Wolfe, WND
A Wisconsin judge has decided – in a fight over families’ access to milk from cows they own – that Americans “do not have a fundamental right to consume the milk from their own cow.”
The ruling comes from Circuit Court Judge Patrick J. Fiedler in a court battle involving a number of families who owned their own cows, but boarded them on a single farm.
The judge said the arrangement is a “dairy farm” and, therefore, is subject to the rules and regulations of the state of Wisconsin.
Read More @ WND.com
A Wisconsin judge has decided – in a fight over families’ access to milk from cows they own – that Americans “do not have a fundamental right to consume the milk from their own cow.”The ruling comes from Circuit Court Judge Patrick J. Fiedler in a court battle involving a number of families who owned their own cows, but boarded them on a single farm.
The judge said the arrangement is a “dairy farm” and, therefore, is subject to the rules and regulations of the state of Wisconsin.
Read More @ WND.com
from Silver Vigilante:
A popular meme circulating today postulates Europe as becoming the
United States of Europe. The play on words suggests that Europe is
moving towards an American-style brand of federalism. However, what
Europe is getting out of a collapse of the European Union is a Soviet
collapse in reverse – that is, instead of a collapse from a totalitarian
one-party state into a privatized, market and trade liberalized state,
the European Union will shift from social democracy to a totalitarian
state a la the Soviet Union. Call it the Union of Socialist European
Republics, or USER.
The European core is feeling risky, looking to shuffle the deck. Angela Merkel, leading symbol of the euro-core, has far-reaching political reforms to the EU on her mind, such as tighter controls on spending by euro-zone national governments and, eventually, the introduction of Eurobonds. Quentin Peel, FT correspondent Berlin, writes:
Read More @ SilverVigilante.com
A popular meme circulating today postulates Europe as becoming the
United States of Europe. The play on words suggests that Europe is
moving towards an American-style brand of federalism. However, what
Europe is getting out of a collapse of the European Union is a Soviet
collapse in reverse – that is, instead of a collapse from a totalitarian
one-party state into a privatized, market and trade liberalized state,
the European Union will shift from social democracy to a totalitarian
state a la the Soviet Union. Call it the Union of Socialist European
Republics, or USER.The European core is feeling risky, looking to shuffle the deck. Angela Merkel, leading symbol of the euro-core, has far-reaching political reforms to the EU on her mind, such as tighter controls on spending by euro-zone national governments and, eventually, the introduction of Eurobonds. Quentin Peel, FT correspondent Berlin, writes:
Read More @ SilverVigilante.com
by Dan Dorfman, Seeking Alpha:
Talking
about gold with Mark Leibovit, one of the country’s dogged and
frequently controversial gold trackers, is never dull or boring. Unlike
many of his peers, Leibovit, a long-term gold bull, has no qualms about
shouting fire when he thinks the price of the metal is headed south. You
never know what he’s going to say or when he’ll occasionally shock you
with some seemingly strange, off-the-wall forecast. Here’s a case in
point. During a chat we had in September of 2009, just a few days after
the price of the precious metal had just topped $1,000 an ounce on
inflation worries and a weakening dollar, he suddenly struck me with the
kind of talk you might expect from the strait-jacket crowd. “We will never see gold again below $1,000 in our lifetime.” he told me.
What a daffy, utterly insane remark, I thought. With gold as volatile as it is and the price of the metal at the time just a hair above $1,000 and often subject to violent price swings, I figured this poor guy must be mad. How can he be so cocksure?
Read More @ SeekingAlpha.com
By Kirsty Hogg, Gold Wars:
I attended New York Hard Assets,
May 14th and 15th and found there was a notable decline in enthusiasm
and attendance from the previous year. The exhibit hall crowd seemed
thin on both days, and the main speaker hall attracted the most
attention. It seems when the markets are down, people seek a guru for
guidance and that explains why most people made a beeline for the
keynote presentations and shied away from the exhibitors. In my opinion,
this is a time when thorough due diligence before a show will pinpoint
interesting and undervalued companies. Then we can visit selected booths
and ask questions with the CEO’s full and undivided attention. Meeting
face-to face is a valuable and underused component in a speculator’s due
diligence strategy. I managed to hear some speaker presentations, and here are three who caught my attention:
Eric Sprott, of Sprott Asset Management, gave a talk entitled: “Mania, Manipulation and Meltdown”. Eric talked about how the markets are manipulated and applauded GATA’s work in this arena. He explained that central banks and governments surreptitiously suppress the price of gold as they don’t want the price of gold to increase to an honest level.
Read More @ goldwars.blogspot.com
Talking
about gold with Mark Leibovit, one of the country’s dogged and
frequently controversial gold trackers, is never dull or boring. Unlike
many of his peers, Leibovit, a long-term gold bull, has no qualms about
shouting fire when he thinks the price of the metal is headed south. You
never know what he’s going to say or when he’ll occasionally shock you
with some seemingly strange, off-the-wall forecast. Here’s a case in
point. During a chat we had in September of 2009, just a few days after
the price of the precious metal had just topped $1,000 an ounce on
inflation worries and a weakening dollar, he suddenly struck me with the
kind of talk you might expect from the strait-jacket crowd. “We will never see gold again below $1,000 in our lifetime.” he told me.What a daffy, utterly insane remark, I thought. With gold as volatile as it is and the price of the metal at the time just a hair above $1,000 and often subject to violent price swings, I figured this poor guy must be mad. How can he be so cocksure?
Read More @ SeekingAlpha.com
I attended New York Hard Assets,
May 14th and 15th and found there was a notable decline in enthusiasm
and attendance from the previous year. The exhibit hall crowd seemed
thin on both days, and the main speaker hall attracted the most
attention. It seems when the markets are down, people seek a guru for
guidance and that explains why most people made a beeline for the
keynote presentations and shied away from the exhibitors. In my opinion,
this is a time when thorough due diligence before a show will pinpoint
interesting and undervalued companies. Then we can visit selected booths
and ask questions with the CEO’s full and undivided attention. Meeting
face-to face is a valuable and underused component in a speculator’s due
diligence strategy. I managed to hear some speaker presentations, and here are three who caught my attention: Eric Sprott, of Sprott Asset Management, gave a talk entitled: “Mania, Manipulation and Meltdown”. Eric talked about how the markets are manipulated and applauded GATA’s work in this arena. He explained that central banks and governments surreptitiously suppress the price of gold as they don’t want the price of gold to increase to an honest level.
Read More @ goldwars.blogspot.com
from, DailyReckoning.com.au:
Part 2 – “A Sea of Troubles”
In the aftermath of the global financial crisis, optimists hoped that the BRICs (Brazil, Russia, India, China) would drive the global economic engine. But China’s economic growth has slowed to its lowest rate in three years. Brazil’s economic growth has fallen from around 7.5% to under 3%. Russia’s economy is heavily dependent on oil and energy prices. India also has stalled. This 3-part paper looks at the development and future trajectory of the “I” in the “BRIC”. The second part looks at India’s current problems.
In late 2011, the Indian government’s 12th five-year plan forecast growth of 9% between 2012 and 2017. By early 2012, India’s economic growth had slowed to around 6%, high by the standards of developed countries but well below the levels required to maintain economic momentum and improve the living standards of its citizens.
Read More @ DailyReckoning.com.au
Part 2 – “A Sea of Troubles”In the aftermath of the global financial crisis, optimists hoped that the BRICs (Brazil, Russia, India, China) would drive the global economic engine. But China’s economic growth has slowed to its lowest rate in three years. Brazil’s economic growth has fallen from around 7.5% to under 3%. Russia’s economy is heavily dependent on oil and energy prices. India also has stalled. This 3-part paper looks at the development and future trajectory of the “I” in the “BRIC”. The second part looks at India’s current problems.
In late 2011, the Indian government’s 12th five-year plan forecast growth of 9% between 2012 and 2017. By early 2012, India’s economic growth had slowed to around 6%, high by the standards of developed countries but well below the levels required to maintain economic momentum and improve the living standards of its citizens.
Read More @ DailyReckoning.com.au
from Bullion Street:
MUMBAI(BullionStreet):
World’s largest gold consumer and importer, India is likely to see
sharp decline in import this year, according to market sources.
Country’s gold imports this fiscal may drop as low as 35 percent following Indian government’s measures to control the precious metal’s flow into the country, including rises in import duties, observers said.
In May, gold imports might plunge by 50 percent to around 45 tons as demand remains lackluster because of high domestic prices, according to country’s largest gold trade body, Bombay Bullion Association.
Read More @ BullionStreet.com
MUMBAI(BullionStreet):
World’s largest gold consumer and importer, India is likely to see
sharp decline in import this year, according to market sources.Country’s gold imports this fiscal may drop as low as 35 percent following Indian government’s measures to control the precious metal’s flow into the country, including rises in import duties, observers said.
In May, gold imports might plunge by 50 percent to around 45 tons as demand remains lackluster because of high domestic prices, according to country’s largest gold trade body, Bombay Bullion Association.
Read More @ BullionStreet.com
from, Gold Money:
Gold had another decent day on Friday, rallying up from support at
$1,550 to just shy of $1,575. Silver, platinum and palladium also
rallied, somewhat surprisingly given that commodities and shares
struggled (the Dow falling 0.6%) while US 10-Year Note fell by 4 basis
points to 1.74% following news that the Spanish government’s rescue of
the troubled bank Bankia will cost $24 billion – more than double
previous cost estimates.
Spain’s sovereign borrowing costs have continued to rise in trading this morning, though the Greek situation has improved with polls showing that pro-bailout parties are now ahead. After elections earlier this month failed to deliver a new government, Greece will hold another election in June 17. As things stand, the pro-bailout parties command enough of the vote to form a new coalition government.
Read More @ GoldMoney.com
Gold had another decent day on Friday, rallying up from support at
$1,550 to just shy of $1,575. Silver, platinum and palladium also
rallied, somewhat surprisingly given that commodities and shares
struggled (the Dow falling 0.6%) while US 10-Year Note fell by 4 basis
points to 1.74% following news that the Spanish government’s rescue of
the troubled bank Bankia will cost $24 billion – more than double
previous cost estimates.Spain’s sovereign borrowing costs have continued to rise in trading this morning, though the Greek situation has improved with polls showing that pro-bailout parties are now ahead. After elections earlier this month failed to deliver a new government, Greece will hold another election in June 17. As things stand, the pro-bailout parties command enough of the vote to form a new coalition government.
Read More @ GoldMoney.com
from The American Dream:
In order for a society to function successfully, people need to be
able to trust one another. Unfortunately, we are rapidly getting to the
point where it is very difficult to trust anyone and society is
breaking down. Just think about it. Do you trust most politicians? Do
you trust most lawyers? Do you trust most bankers? Do you trust the
police? As you will read about below, even doctors are going absolutely
bonkers these days. So if the “upper crust” of society cannot even be
trusted, then what about everyone else? Sadly, the truth is that
America has been overrun by psychos. Most people look somewhat “normal”
when you meet them, but unfortunately very few people have pure motives
these days. You never know when someone is going to stab you in the
back (literally or figuratively). These days, most people simply do
whatever is right in their own eyes, and that makes society a very
unpredictable place. As the economy continues to fall apart
in future years, people are going to become even more desperate, and
that is going to cause all of this craziness to get even worse.
Read More @ EndOfTheAmericanDream.com
In order for a society to function successfully, people need to be
able to trust one another. Unfortunately, we are rapidly getting to the
point where it is very difficult to trust anyone and society is
breaking down. Just think about it. Do you trust most politicians? Do
you trust most lawyers? Do you trust most bankers? Do you trust the
police? As you will read about below, even doctors are going absolutely
bonkers these days. So if the “upper crust” of society cannot even be
trusted, then what about everyone else? Sadly, the truth is that
America has been overrun by psychos. Most people look somewhat “normal”
when you meet them, but unfortunately very few people have pure motives
these days. You never know when someone is going to stab you in the
back (literally or figuratively). These days, most people simply do
whatever is right in their own eyes, and that makes society a very
unpredictable place. As the economy continues to fall apart
in future years, people are going to become even more desperate, and
that is going to cause all of this craziness to get even worse.Read More @ EndOfTheAmericanDream.com
by Ryan Smyth, Activist Post
I published Frackin’ Reserve!, a fractional reserve banking simulator (desktop version here, web version here),
with the promise to follow-up with another article explaining it.
After hitting 5,000 words, I realized that I needed to do a series.
Part 1 explains the basic mechanics of fractional reserve banking in very simple terms with examples. Part 2 answers “What is Money?” for the purposes of the discussion.
Part 3 illustrates how and why fractional reserve banking is fraudulent. Part 4 shows how the system can fall apart, and two attacks that the banksters can use to steal wealth from people. Part 5 examines usury and compound interest as forms of invisible slavery. Part 6 is a quick summary with links to other resources.
Read More @ Activist Post
I published Frackin’ Reserve!, a fractional reserve banking simulator (desktop version here, web version here),
with the promise to follow-up with another article explaining it.
After hitting 5,000 words, I realized that I needed to do a series.Part 1 explains the basic mechanics of fractional reserve banking in very simple terms with examples. Part 2 answers “What is Money?” for the purposes of the discussion.
Part 3 illustrates how and why fractional reserve banking is fraudulent. Part 4 shows how the system can fall apart, and two attacks that the banksters can use to steal wealth from people. Part 5 examines usury and compound interest as forms of invisible slavery. Part 6 is a quick summary with links to other resources.
Read More @ Activist Post
from The Economic Collapse Blog:
When it comes to the financial world, it is important to listen to what
the “smart money” is saying, but it is much more important to watch
what the “smart money” is actually doing. The ultra-wealthy and those
that run the biggest financial institutions on the planet are far more
“connected” to what is really going on in financial circles behind the
scenes than you and I could ever hope to be. But if we watch their
behavior we can get clues as to what they think is about to happen. As
is the case with so many other things, if you want to figure out what is
really going on in Europe, just follow the money. And right now, money
is rapidly flowing out of southern Europe and into northern Europe. In
fact, some large corporations are now pulling the money that they make
in Greece during the day out of the country every single night. It is
becoming increasingly clear that the upper crust of the financial world
considers a Greek exit from the euro to be “inevitable” and that it also
considers much of the rest of southern Europe to be a lost cause.
Unfortunately, a financial collapse across southern Europe is also
likely to trigger another devastating global recession.
Even though all the warning signs were there, very few people actually expected to see the kind of financial crisis that we saw back in 2008.
But it happened.
Read More @ TheEconomicCollpaseBlog.com
When it comes to the financial world, it is important to listen to what
the “smart money” is saying, but it is much more important to watch
what the “smart money” is actually doing. The ultra-wealthy and those
that run the biggest financial institutions on the planet are far more
“connected” to what is really going on in financial circles behind the
scenes than you and I could ever hope to be. But if we watch their
behavior we can get clues as to what they think is about to happen. As
is the case with so many other things, if you want to figure out what is
really going on in Europe, just follow the money. And right now, money
is rapidly flowing out of southern Europe and into northern Europe. In
fact, some large corporations are now pulling the money that they make
in Greece during the day out of the country every single night. It is
becoming increasingly clear that the upper crust of the financial world
considers a Greek exit from the euro to be “inevitable” and that it also
considers much of the rest of southern Europe to be a lost cause.
Unfortunately, a financial collapse across southern Europe is also
likely to trigger another devastating global recession.Even though all the warning signs were there, very few people actually expected to see the kind of financial crisis that we saw back in 2008.
But it happened.
Read More @ TheEconomicCollpaseBlog.com
Source: Secretive group irate over record number of demonstrators, media coverage
by Paul Joseph Watson, Infowars:
With over a thousand protesters heading to the site of the 2012
Bilderberg Group meeting, Bilderberg insiders are becoming increasingly
concerned at how the spectacle will impact their much cherished desire
for secrecy, according to our sources.
As we divulged earlier this month, Alex Jones has developed two sources who have intimate connections with the Bilderberg Group, the shadowy organization set to meet this week at the Westfields Marriott Washington Dulles hotel in Chantilly, Virginia.
Read More @ Infowars.com
from The Daily Bell:
by Paul Joseph Watson, Infowars:
With over a thousand protesters heading to the site of the 2012
Bilderberg Group meeting, Bilderberg insiders are becoming increasingly
concerned at how the spectacle will impact their much cherished desire
for secrecy, according to our sources.As we divulged earlier this month, Alex Jones has developed two sources who have intimate connections with the Bilderberg Group, the shadowy organization set to meet this week at the Westfields Marriott Washington Dulles hotel in Chantilly, Virginia.
The sources, one of whom was able to relate that the
code name for this year’s confab is the “Palm Tree Conference,” tell us
that Bilderberg’s inner circle has become irate in recent days over
having to beef their security preparations in anticipation of record
numbers of demonstrators.
Bilderberg is also fuming over the significant amount of press
coverage they have received before the conference has even started, most
notably a Politico article that highlighted an Infowars.com story about Florida Senator Marco Rubio being a Bilderberg favorite for Romney’s VP.Read More @ Infowars.com
from The Daily Bell:
Bilderberg
power masters meet in the US … Every time a Bilderberg Meeting takes
place, important things happen. The last time they met in the US was an
election year, 2008 – and the world got Obama.
This year they’re back in the US: will they decide who the next
president will be? When in 2008 they gathered from June 5 to 8 in
Chantilly, Virginia – just a stone’s throw from the Washington DC – Barack Obama and Hillary Clinton were neck-in-neck in the battle for the Democratic Party’s presidential candidacy. – RT via Drudge
Dominant Social Theme: They don’t exist.
Free-Market Analysis: The Drudge Report, which can reach tens of millions of viewers, has posted an article from RT about the mysterious and secretive Bilderberger group (see above).
Ten years ago, knowledge of the Bilderbergers was restricted to a tiny group of “conspiracy theorists.” Today, thanks to what we call the Internet Reformation, a search of queries for “Bilderberg” reveals 10 million Google queries.
Read More @ TheDailyBell.com
[Ed. Note: **So, you wanna talk about Tesla or other suppressed energy technologies? ...READ the LAST sentence of this article!**]
from Strat Risks:
U.S. Special Forces have been parachuting into North Korea to spy on
Pyongyang’s extensive network of underground military facilities. That
surprising disclosure, by a top U.S. commando officer, is a reminder of
America’s continuing involvement in the “cold war” on the Korean
peninsula – and of North Korea’s extensive preparations for the conflict
turning hot.
In the decades since the end of the Korean War, Pyongyang has constructed thousands of tunnels, Army Brig. Gen. Neil Tolley, commander of U.S. Special Operations Forces in South Korea, said at a conference in Florida last week. Tolley said the tunnels include 20 partially subterranean airfields, thousands of underground artillery positions and at least four tunnels underneath the Demilitarized Zone separating the two Koreas. “We don’t know how many we don’t know about,” Tolley said.
“The entire tunnel infrastructure is hidden from our satellites,” Tolley added. “So we send [Republic of Korea] soldiers and U.S. soldiers to the North to do special reconnaissance.” Tolley said the commandos parachute in with minimal supplies in order to watch the tunnels without being detected themselves.
Tolley outlined new equipment he said would boost the spies’ capabilities without giving them away to North Korean troops. For starters, he said his men could use a lightweight sensor able to “characterize what’s in a facility from standoff distance.” In addition, the commandos would benefit from a high frequency radio whose signal can’t be tracked back to its origin. Finally – and most dramatically – Tolley said a wireless power transmission system would allow his troops to jump into North Korea without heavy loads of batteries for their radios and other gear.
Read More @ StratRisks.com
3 Years...2,281 posts... to help keep YOU informed...and only 7 Donations (Thank You Donors) Total raised $165.00...
Please Donate...
Thank You
Dominant Social Theme: They don’t exist.
Free-Market Analysis: The Drudge Report, which can reach tens of millions of viewers, has posted an article from RT about the mysterious and secretive Bilderberger group (see above).
Ten years ago, knowledge of the Bilderbergers was restricted to a tiny group of “conspiracy theorists.” Today, thanks to what we call the Internet Reformation, a search of queries for “Bilderberg” reveals 10 million Google queries.
Read More @ TheDailyBell.com
from Strat Risks:
U.S. Special Forces have been parachuting into North Korea to spy on
Pyongyang’s extensive network of underground military facilities. That
surprising disclosure, by a top U.S. commando officer, is a reminder of
America’s continuing involvement in the “cold war” on the Korean
peninsula – and of North Korea’s extensive preparations for the conflict
turning hot.In the decades since the end of the Korean War, Pyongyang has constructed thousands of tunnels, Army Brig. Gen. Neil Tolley, commander of U.S. Special Operations Forces in South Korea, said at a conference in Florida last week. Tolley said the tunnels include 20 partially subterranean airfields, thousands of underground artillery positions and at least four tunnels underneath the Demilitarized Zone separating the two Koreas. “We don’t know how many we don’t know about,” Tolley said.
“The entire tunnel infrastructure is hidden from our satellites,” Tolley added. “So we send [Republic of Korea] soldiers and U.S. soldiers to the North to do special reconnaissance.” Tolley said the commandos parachute in with minimal supplies in order to watch the tunnels without being detected themselves.
Tolley outlined new equipment he said would boost the spies’ capabilities without giving them away to North Korean troops. For starters, he said his men could use a lightweight sensor able to “characterize what’s in a facility from standoff distance.” In addition, the commandos would benefit from a high frequency radio whose signal can’t be tracked back to its origin. Finally – and most dramatically – Tolley said a wireless power transmission system would allow his troops to jump into North Korea without heavy loads of batteries for their radios and other gear.
Read More @ StratRisks.com
3 Years...2,281 posts... to help keep YOU informed...and only 7 Donations (Thank You Donors) Total raised $165.00...
Please Donate...
Thank You
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