Egypt Enters The Third Stage Of The Revolution, And No One Is Watching
The recent elections in Egypt now lead to a showdown between the two
top vote getters on June 16/17. The protagonists, Ahmed Shaiq (former
PM for Mubarak and candidate of the military) vs. Mohammed Mursi (Muslim
Brotherhood), pits two candidates most of the population really doesn’t
want in the first place. Kind of like Obama vs. Romney. Where’s Ron
Paul on the ballot, right? The problem here is Egypt’s position on the
timeline of revolution. Egypt has gone through the 1st Stage of a
government loosing its justification to govern, and now the 2nd Stage of
a caretaker, or provisional government, is now coming to an end.
However, no accommodation has been created to correct the deficiencies
that caused Egypt’s Spring Revolution, and that spells trouble.
The Fed Is Playing With Fire
Dear CIGAs,
QE to infinity is for certain. About that there is no question whatsoever. It cannot be avoided.
Operation twist is a damn joke stimulation wise. At this point in time it is a dark joke.
The Fed is playing with something worse than fire. That fire is posted in this video...
This video references a worldwide financial crisis that if it starts cannot be stopped by any power on the planet.
They are already easing up on the rhetoric. The Fed will downright
panic as the world’s economies go from slow to dropping out of sight.
That is what is on the plate tonight, this night, right here and now.
Safety only exists in gold bullion and in the outrageously depressed good gold shares now shorted out of sight.
Jim
Federal Reserve policy makers this month will consider joining Boston Fed President Eric Rosengren’s call for renewed stimulus after a report today showed unemployment rose to 8.2 percent in May, economists said.
Rosengren said the Fed should further its full-employment mandate and extend beyond June a program known as Operation Twist, which lengthens the average duration of bonds on its balance sheet. He spoke before the Labor Department today said the U.S. added 69,000 jobs in May, the fewest in a year, pushing the yield on 10-year Treasury notes to a record low.
“The May report does significantly raise the odds of further easing from the Fed,” said Dean Maki, chief U.S. economist at Barclays Plc in New York and a former Fed economist. “There will be a case made at the June meeting for easing.”
By calling for new stimulus, Rosengren aligned with the view of Chicago Fed President Charles Evans. Any setback in the job market is also a chief concern of Chairman Ben S. Bernanke, who said in April the Fed may provide more accommodation should unemployment fail to make “sufficient progress towards its longer-run normal level.” Fed policy makers plan to meet June 19-20.
Today’s employment report “does change the game, certainly in terms of Operation Twist,” said John Silvia, chief economist at Wells Fargo & Co. in Charlotte, North Carolina. “Because the slowdown in the economy has been fairly rapid compared to what they expected, they’ll go ahead and extend Operation Twist.”
More…
from KingWorldNews:
The KWN Weekly Metals Wrap – We have added new segments to the KWN
Weekly Metals Wrap covering gold, silver, trading and a plethora of
other factors affecting the precious metals markets. I am giving King
World News listeners globally access to what has long been my secret
weapons in researching where gold and silver are headed directionally
along with the COT Report. We Cover the Commitment of Traders Report in
detail as well as a number of other factors which can influence the gold
and silver market price action.
LISTEN NOW @ KingWorldNews.com
The KWN Weekly Metals Wrap – We have added new segments to the KWN
Weekly Metals Wrap covering gold, silver, trading and a plethora of
other factors affecting the precious metals markets. I am giving King
World News listeners globally access to what has long been my secret
weapons in researching where gold and silver are headed directionally
along with the COT Report. We Cover the Commitment of Traders Report in
detail as well as a number of other factors which can influence the gold
and silver market price action.LISTEN NOW @ KingWorldNews.com
Did The SEC Hint At A 7% Market Plunge?
Back in October 19, 1988, in response to Black Monday from a year earlier (the SEC is not known for fast turnaround times) a little known SEC rule came into effect, known as Rule 80B, and somewhat better known as "Trading Halts Due to Extraordinary Market Volatility" which set trigger thresholds for market wide circuit breakers - think a wholesale temporary market shutdown. According to Rule 80B (as revised in 1998), the trigger levels for a market-wide trading halt were set at 10%, 20% and 30% of the DJIA. Needless to say, a 30% drop in the market in our day and age when the bulk of US wealth is concentrated in the stock market, would be a shot straight to the heart of the entire capitalist system. Which is why the smallest gating threshold is and has always been the key.However, despite the revision, as anyone who traded stocks on that fateful day in May knows, the market-wide circuit breakers were completely ineffective and unused during the HFT-induced and ETF-facilitated flash crash of May 6, 2010. In turn, the SEC's flash crash response was to implement individual stock-level circuit breakers which however, instead of restoring confidence in the market, have become the butt of daily jokes involving freaked out algos. This was merely the most recent indication of how horribly the SEC's attempts to "regulate" a market it no longer has any grasp or understanding of, backfire on it. However, even that may pale in comparison to just how badly the SEC may have blundered yesterday afternoon, when it proposed yet another revision to its market-wide halt rule. And once again, instead of making traders and investors more comfortable that the SEC is capable and in control, the questions have already come pouring in: is the SEC preparing for another massive market crash?
Poor jobs report/USA treasury closes at 1.47%/Awful China PMI sends China into deep recession/German 2 yr bunds and Switzerland 2 yr bonds in negative territory
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 2 hours ago
Good
morning Ladies and Gentlemen:
The price of gold rose yesterday by a monstrous $57.90 to close the
comex session at $1620.50.
Silver finished the day up 76 cents to $28.50. The banking cartel drove
gold lower by $10 overnight as conditions weakened terribly in China
with a poor PMI and then the final European PMI put the nail in the
coffin. The German 2 yr bund yield landed in negative
NYMEX-Crude down a fifth week on economic worries
Eric De Groot at Eric De Groot - 3 hours ago
While crude oil is falling on economic fears, its rising diffusion index
(DI) reading, nearly above 60%, illustrates accumulation by smart money
(chart). This setup looks similar to fall of 2011 when retail investors
motivated by headline fears had pushed oil down to $75. A series of DI
readings above 60%, however, suggested that smart money was accumulating.
By early March 2012, oil had...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
May is a month most would like to forget, especially those short IG 9-18 (and understandably so: in a world in which the virtuous cycle is now broken,
and in which the only upside catalyst is central planner intervention,
the money printers have been eerily silent). So just to remind readers
of everything that happened in the past month, here are 95 slides from
MS with the definitive summary of, well, everything that happened in the past month.
Charting May (Day): The Markets Hit A Brick Wall
May is a month most would like to forget, especially those short IG 9-18 (and understandably so: in a world in which the virtuous cycle is now broken,
and in which the only upside catalyst is central planner intervention,
the money printers have been eerily silent). So just to remind readers
of everything that happened in the past month, here are 95 slides from
MS with the definitive summary of, well, everything that happened in the past month.Concentration In US Long Bonds Warns of Profit-Taking Ahead
Eric De Groot at Eric De Groot - 4 hours ago
The time to by bonds was late March when the long bond diffusion index
surged above 60%. As of 5/29, bonds DI has fallen to -96% (chart). This is
the lowest reading since 2001 and suggests extreme outflows. Smart money
knows market breathe in and out and will take profits in the middle of a
fear-induced buying panic. Chart: US Treasury Bond 20YR+ (TLT) And US
Treasury Bond Diffusion Index...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
California politicians taking pay cut
Eric De Groot at Eric De Groot - 4 hours ago
The transition of capital from the public to private will be accompanied by
job loss, lower pay, and general reductions in the standard of livings by
public workers. Headline: California politicians taking pay cut NEW YORK
(CNNMoney) -- California's budget woes have come home to roost for the
state's politicians. California's Citizens Compensation Commission, an
independent government body,...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
If Spain Suddenly Goes Bankrupt, Everything Is Going To Collapse
Admin at Jim Rogers Blog - 5 hours ago
If Spain suddenly goes bankrupt out of the blue, everything is going to
collapse ... to $1,300 or $1,200 if it goes that low, and I hope I am smart
enough to buy a lot more. - *in MoneyNews *
Related: SPDR Gold Trust ETF (GLD), iShares MSCI Spain Index ETF (EWP)
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
The Futility of QE
Trader Dan at Trader Dan's Market Views - 10 hours ago
This is an attempt to explain what I believe will be the futility of
another round of Quantitative Easing on the part of the Federal Reserve to
do anything more than to merely provide another TEMPORARY boost to paper
assets and by consequence, a short-lived blip in consumer confidence. As
such, it is going to be much to the point without any rhetorical flourishes
or attempts at refined writing.
I do wish to start this brief piece by noting that I believe the Fed is
indeed going to act, sooner rather than later, unless they want to witness
a meltdown of the equity markets. Practicall... more »
Why A Grexit Would Make Lehman Look Like Childs Play
The ECB has €50 billion of GGB bonds still on their books. Those would not get paid at par by Greece if this is an amicable breakup, but this is quickly heading to a pots and pans thrown in the kitchen sort of break-up. Why would Greece pay the ECB if they feel like the ECB drove them out? Don’t forget, not for a second, that most of the money Greece now gets goes to pay back the ECB and IMF. The EFSF is totally out of luck. The ECB might be able to offer something to a post drachma Greece, but the EFSF offers nothing. The IMF has more negotiating power, as their direct loans had more protection in the first place and they are likely to provide additional funds post exit, but quite simply Greece won’t be able to pay them in full on existing loans. With the ECB, EFSF, and IMF all taking big losses, their credibility is hurt. Worse than that, they have exposure to Portugal, Ireland, Spain and Italy and the markets (if not the politicians) will become very concerned about those exposures. The IMF may see its alleged firewall crumble before it is ever launched. The ECB, integral to any plan to protect Europe will have lost credibility and many will question their solvency. The EFSF will be hung out to dry and immediately the market will attach all their risk to Germany and France, not making people in those countries particularly happy.
from Testosterone Pit.com:
The ugly jobs report gave Mitt Romney’s campaign what it had been
waiting for: a huge boost. And they’re out making hay. Romney called
it “devastating news for American workers and American families.” An
army of Republican talking heads swarmed over the land and pummeled
President Obama with the jobs report. And just as Republicans see
victory edge closer, shrill voices are now calling for the Fed to launch
the next round of quantitative easing.
On Thursday, Romney, in California to rake in the big bucks with a series of high-dollar fundraisers, took some time out for a news conference in Fremont, in front of a weedy property dominated by a shuttered office building. Parched hills in the background. “Solyndra” a sign said. The company isn’t famous for its special thin-film solar cells that proved to be uncompetitive, but for the scandal surrounding the $535 million in federal loan guarantees it had received as part of the stimulus package. It was one of the ballyhooed “green tech” outfits that were going to revolutionize the American industrial scene, create gazillions of “green jobs,” and conquer the world.
Read More @ TestosteronePit.com
The ugly jobs report gave Mitt Romney’s campaign what it had been
waiting for: a huge boost. And they’re out making hay. Romney called
it “devastating news for American workers and American families.” An
army of Republican talking heads swarmed over the land and pummeled
President Obama with the jobs report. And just as Republicans see
victory edge closer, shrill voices are now calling for the Fed to launch
the next round of quantitative easing.On Thursday, Romney, in California to rake in the big bucks with a series of high-dollar fundraisers, took some time out for a news conference in Fremont, in front of a weedy property dominated by a shuttered office building. Parched hills in the background. “Solyndra” a sign said. The company isn’t famous for its special thin-film solar cells that proved to be uncompetitive, but for the scandal surrounding the $535 million in federal loan guarantees it had received as part of the stimulus package. It was one of the ballyhooed “green tech” outfits that were going to revolutionize the American industrial scene, create gazillions of “green jobs,” and conquer the world.
Read More @ TestosteronePit.com
from ArmstrongEconomics:
The real conspiracy that is brewing behind the curtain has nothing to
do with what is money. Those that see a gold standard as the miracle
fail to understand the real devious nature of politics. At least the
FREEGOLD side does not advocate gold as money. The real conspiracy is to
eliminate the Constitution and with each bill they introduce, that is
the end game piece by piece. The real goal is to eliminate even the
paper dollars. They want everything electronic so they can capture every
penny of taxes. In their mind, THEY are not the problem. I have had to
listen so many times to people actually say on the Hill that if everyone
paid their “fair share” there would be no problem. Well that is about
$300,000 per person. It does not matter what they collect. They would
still spend more.
Governments DO want the same thing in all countries – to survive. That is not to be confused with the fact that countries like Japan and China are entering into bilateral currency arrangements, bypassing the dollar.
Read More @ ArmstrongEconomics.org
The real conspiracy that is brewing behind the curtain has nothing to
do with what is money. Those that see a gold standard as the miracle
fail to understand the real devious nature of politics. At least the
FREEGOLD side does not advocate gold as money. The real conspiracy is to
eliminate the Constitution and with each bill they introduce, that is
the end game piece by piece. The real goal is to eliminate even the
paper dollars. They want everything electronic so they can capture every
penny of taxes. In their mind, THEY are not the problem. I have had to
listen so many times to people actually say on the Hill that if everyone
paid their “fair share” there would be no problem. Well that is about
$300,000 per person. It does not matter what they collect. They would
still spend more.Governments DO want the same thing in all countries – to survive. That is not to be confused with the fact that countries like Japan and China are entering into bilateral currency arrangements, bypassing the dollar.
Read More @ ArmstrongEconomics.org
by Charles Hugh Smith, Of Two Minds:
The merely wealthy already pay 70% of Federal income taxes; the evaders are
the super-wealthy in the top 2/10th of 1%.
Arriving at a “simple” solution is a complex process. Yet there is no other pathway to a comprehensive solution. If we attempt to address complex problems with equally complex solutions, we get friction and crony capitalism as cartels navigate the complexity to their own advantage and small enterprises and the citizenry are reduced to serfs toiling outside the complexity-moat. (Complexity and Collapse July 26, 2011)
In terms of our response to financial crisis, compare our financial-sector fix of 1933, the Glass-Steagall Act (37 pages of legislation) and the current Dodd-Frank Wall Street Reform and Consumer Protection Act (2,319 pages of legislation). Does anyone seriously think these 2,300 pages of legislation and the thousands of pages
of regulations the bill spawns will ‘fix” what’s actually wrong with America’s financial
sector?
Read More @ OfTwoMinds.com
"Change You Can Believe In"...
The merely wealthy already pay 70% of Federal income taxes; the evaders arethe super-wealthy in the top 2/10th of 1%.
Arriving at a “simple” solution is a complex process. Yet there is no other pathway to a comprehensive solution. If we attempt to address complex problems with equally complex solutions, we get friction and crony capitalism as cartels navigate the complexity to their own advantage and small enterprises and the citizenry are reduced to serfs toiling outside the complexity-moat. (Complexity and Collapse July 26, 2011)
In terms of our response to financial crisis, compare our financial-sector fix of 1933, the Glass-Steagall Act (37 pages of legislation) and the current Dodd-Frank Wall Street Reform and Consumer Protection Act (2,319 pages of legislation). Does anyone seriously think these 2,300 pages of legislation and the thousands of pages
of regulations the bill spawns will ‘fix” what’s actually wrong with America’s financial
sector?
Read More @ OfTwoMinds.com
"Change You Can Believe In"...
by Mac Slavo, SHTFPlan:
National Debt Then: $10 Trillion
Now: $15.7 Trillion (Up 57%)
Jobless Rate Then: 7.8%
Now: 8.3% (officially)
Food Stamp Dependence Then: 28.2 Million
Now: 46.2 Million (Up 63%)
Price of Gas Then: $2.50 /Gal
Now: $3.68 /Gal (Up 47%)
Price of Beef Then: $2.35 /lb
Now: $3.01 /lb (Up 28%)
Price of Bacon Then: $3.75 /lb
Now: $4.60 /lb (Up 23.3%)
Price of Bread Then: $1.97
Now: $2.05 (Up 4%)
Families with no Savings Then: 18.%
Now: 23.4%
National Debt Then: $10 Trillion
Now: $15.7 Trillion (Up 57%)
Jobless Rate Then: 7.8%
Now: 8.3% (officially)
Food Stamp Dependence Then: 28.2 Million
Now: 46.2 Million (Up 63%)
Price of Gas Then: $2.50 /Gal
Now: $3.68 /Gal (Up 47%)
Price of Beef Then: $2.35 /lb
Now: $3.01 /lb (Up 28%)
Price of Bacon Then: $3.75 /lb
Now: $4.60 /lb (Up 23.3%)
Price of Bread Then: $1.97
Now: $2.05 (Up 4%)
Families with no Savings Then: 18.%
Now: 23.4%
by BMG Admin, BMG Bullion:
The macro-economic conditions that have supported gold’s bull run over
the past decade have not change; they’ve become worse. In Europe, the
Bloomberg Europe 500 Banks and Financial Services Index, is down around
35% over the last year. In the US, the question is not whether there
will be a recession, but when.
Gold is chronically under-owned, even by institutional portfolio and pension fund managers who have a fiduciary responsibility to meet liabilities. They use asset allocation to achieve diversification in order to reduce risk, maximize performance and thus responsibly manage their funds. To ignore the best-performing asset class year after year could conceivably expose managers and trustee to legal liabilities.
Read More @ BMGBullion.com
The macro-economic conditions that have supported gold’s bull run over
the past decade have not change; they’ve become worse. In Europe, the
Bloomberg Europe 500 Banks and Financial Services Index, is down around
35% over the last year. In the US, the question is not whether there
will be a recession, but when.Gold is chronically under-owned, even by institutional portfolio and pension fund managers who have a fiduciary responsibility to meet liabilities. They use asset allocation to achieve diversification in order to reduce risk, maximize performance and thus responsibly manage their funds. To ignore the best-performing asset class year after year could conceivably expose managers and trustee to legal liabilities.
Read More @ BMGBullion.com
by Pater Tenebrarum, Acting-Man.com:
Retail Sales in Spain Plunge
from BrotherJohnF:
Retail Sales in Spain Plunge
Economic data releases from Spain have one thing in common lately: they are all ‘worse than expected’. Even data that were in fact expected to be atrocious surprise by being more atrocious than previously imagined. The latest example is the reported decline in retail sales of 9.8% year-on-year,
a new record. In fact, this was the ‘seasonally adjusted’ decline. In
real terms, retail sales plummeted by 11.3% year-on-year. This follows
on the heels of a 3.8% (s.a.), resp. 4% (real) decline last month, which
was already quite bad, but not really alarming just yet.
A
friend remarked to us that when looking over Spain’s economic data
releases during April and May, one had the impression that everything had ‘suddenly stopped’. This was buttressed by a table depicting said releases:
Read More @ Acting-Man.comfrom BrotherJohnF:
by Ryan Smyth, Activist Post
But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit. — Josiah Stamp
In Part 1 we looked at the mechanics of fractional reserve banking. In Part 2, we looked at money vs. wealth. Part 3 looked at how and why fractional reserve banking is fraudulent, and illustrated how it is structured like a pyramid scheme. Part 4
looked at 2 basic ways in which the system falls apart, either through
a run on the banks, or the banks forcing depressions on the people and
then stealing their wealth. Here in Part 5, we look at compound
interest and how it is an invisible form of slavery.Compound Interest Mechanics
In addition to simulating fractional reserve banking, the Frackin’ Reserve program also illustrates simple and compound interest. Simple interest is calculated by setting the interest periods to 1, and the compounded method to “Annually”. Setting “Compounded” to any other option shows compounded interest, the formula for which is:
Read More @ Activist Post
from KingWorldNews:
Art Cashin: Director of Floor Operations for UBS Financial Services
& CNBC Market Commentator – UBS has over $612 billion under
management. Art has over 50 years of Wall Street experience, which gives
him the ability to offer valuable insights to investors and traders.
When he started in the industry, the Dow Jones Industrial Average was
actually in the 700-800 range. He shares his analysis and gives the
pulse of the market from the floor of the New York Stock Exchange. Art
is one of the most respected people in the world when it comes to
analyzing the action in the US stock market and provides an objective
and unbiased view of the current market situation. His daily market
commentary is read internationally by clients and piers.
LISTEN NOW @ KingWorldNews.com
Art Cashin: Director of Floor Operations for UBS Financial Services
& CNBC Market Commentator – UBS has over $612 billion under
management. Art has over 50 years of Wall Street experience, which gives
him the ability to offer valuable insights to investors and traders.
When he started in the industry, the Dow Jones Industrial Average was
actually in the 700-800 range. He shares his analysis and gives the
pulse of the market from the floor of the New York Stock Exchange. Art
is one of the most respected people in the world when it comes to
analyzing the action in the US stock market and provides an objective
and unbiased view of the current market situation. His daily market
commentary is read internationally by clients and piers.LISTEN NOW @ KingWorldNews.com
from TF Metals Report:
To prepare for what will, most assuredly, be a wild week ahead, there is nothing quite as relaxing as some cinematic entertainment to help your minds off of things. NOT!
I only first heard of the 1981 movie, “Rollover“, a few weeks ago. On page 96 of his great book “The Golden Revolution”, John Butler discusses how the events depicted in this film could easily transpire today. In the film, global liquidity vanishes when the Saudis begin moving reserves out of dollars and into gold due to fears of a dollar collapse. Obviously, the plot is a bit dated but the premise is still real. Here’s the wiki page for the film: http://en.wikipedia.org/wiki/Rollover_(film)
Read More @ TF Metals Report.com
Please Donate
Thank You
I'm PayPal Verified
To prepare for what will, most assuredly, be a wild week ahead, there is nothing quite as relaxing as some cinematic entertainment to help your minds off of things. NOT!
I only first heard of the 1981 movie, “Rollover“, a few weeks ago. On page 96 of his great book “The Golden Revolution”, John Butler discusses how the events depicted in this film could easily transpire today. In the film, global liquidity vanishes when the Saudis begin moving reserves out of dollars and into gold due to fears of a dollar collapse. Obviously, the plot is a bit dated but the premise is still real. Here’s the wiki page for the film: http://en.wikipedia.org/wiki/Rollover_(film)
Read More @ TF Metals Report.com
Please Donate
Thank You
I'm PayPal Verified
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