Europe's Bailout Costs In One Chart: €2 Trillion And Counting
This chart, better than any we have seen so far, summarizes just how much has been injected already to preserve the Eurozone from collapse.
Silver Headed to $75-$125/oz. in 1-2 Years
My experience and the charts tell me that silver prices are likely to
head to $75 to $125/oz. in the next one to two years. That’s about a
150% to 230% gain for those who buy silver under $30/oz.
The reason why is that we are in a bull market for silver, where
silver prices will likely continue to increase until and unless
something major changes. There are many fundamental things driving this
bull market in silver, such as:1. Runaway government spending that is devaluing the dollar due to socialism.
2. Instability in paper currencies around the world due to socialism.
3. Central banks buying gold to protect their national currencies and to protect the value of their foreign exchange reserves which are all going down, due to failed socialism.
4. The tiny size of the silver market, under $3 billion/year worth of investment demand.
5. The unknown and unpublicized supply and demand figures in the silver market (point 4) and unpublicized ten year bull market in silver.
6. The huge short positions in the silver market, up to $200 billion worth of paper silver sold to silver investors who are too lazy to take delivery, and continue to trust the untrustworthy banks who don’t have the silver that they sold to clients.
Read More @ SilverStockReport.com
Some Federal Reserve policy makers may join Boston Fed President Eric Rosengren in backing new stimulus at a meeting this month after 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 a report yesterday showed 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, New York-based chief U.S. Economist at Barclays Plc and a former Fed economist. “There will be a case made at the June meeting for easing.
Read More @ Bloomberg
As Greek Polling Moratorium Begins, Syriza Goes Out With A Bang: Europe Now Flying Blind
Ten days ago when presenting the live Reuters polling tracker we said, "just as the most actively watched live update on June 17 will be the Greek parliament seat map as voting is tallied, so each and every day from now until then, everyone's attention will be glued to daily update from Greek election polls." Well, as of end of day Friday, a moratorium to publish polls come into effect which means that for the next 2 weeks Europe will be officially flying blind, clueless as to how the political winds in Greece are blowing.
The Fat Lady Is Clearing Her Throat
We have reached a point where the shepherd has shouted “wolf” one too many times, where the theatre goer has shouted “fire” one too many times and the crowd no longer believes the jargon and is standing pat. From one politician to the next in Europe the words are strikingly the same; “bold actions, courageous decisions, decisive plans” which are meant to stoke the propaganda machine and assure the world that all is well. We have had the bank stress tests; the first pockmarked by inaccurate data checked by no one and the second humiliated by an inaccurate construct which discredited it by its own shameless manipulation. We face a world where contingent liabilities, promises to pay and guarantees of debts are NOT counted and where asset guarantees, illusionary firewalls and unfunded rescue programs ARE counted and in some cases counted more than once. Europe has, in fact, provided a complex system of hoaxes, inaccurate data and false financial reports that have been for the most part believed but that belief system is now crumbling as every quarter presents new data that proves the inaccuracy of what we have been told.As Soros Starts A Three Month Countdown To D(oom)-Day, Europe Plans A New Master Plan
What
would the weekend be without at least one rumor that Europe is on the
verge of fixing everything, or failing that, planning for a master fix,
OR failing that, planning for a master plan to
fix everything. Sure enough, we just got the latter, which considering
nobody really believes anything out of Europe anymore, especially not
something that has not been signed, stamped and approved by Merkel
herself, is rather ballsy. Nonetheless, one can't blame them for trying:
"The chiefs of four European institutions are in the process of
creating a master plan for the euro zone, the daily Die
Welt reports Saturday, in an advance release of an article to be
published Sunday. Suggestions targeting a fiscal, banking, and
political union, as well as structural reforms, are being worked
out..." Less than credible sources report that Spiderman towels (which
are now trading at negative repo rates) and cross-rehypothecated
kitchen sinks are also key components of all future "master plans"
which sadly are absolutely meaningless since the signature of Europe's
paymaster - the Bundesrepublik - is as usual lacking. Which is why,
"the plan may well mean that the euro zone adopts measures not
immediately accepted by the whole of the European Union, the article
adds." So... European sub-union? Hardly strange is that just as this
latest desperate attempt at distraction from the complete chaos in
Europe (which will only find a resolution once XO crosses 1000 as we
and Citi suggested two weeks ago and when the world is truly on the verge of the abyss), none other than George Soros has just started a 3-month countdown to European the European D(oom)-Day.No Offense, But Don't Let The U.N. Do Your Thinking
Eric De Groot at Eric De Groot - 2 hours ago
Once the 2012 commodity pause is over (chart 1), expect rising food prices
(chart 2) and unemployment to drive social unrest throughout the world. You
don't need the UN to decipher the market's message. Gold will continue to
defy the experts by outperforming commodities (chart 3). Chart 1:
CRBFoodstuffs And Year-over-Year (YOY) Change Chart 2: Gold and CRBFood to
CRBSpot...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
Layoffs on the rise across Corporate America
Eric De Groot at Eric De Groot - 3 hours ago
The public is beginning to recognize what we already know, the labor market
and economy have weakened significantly this spring. Video: Layoffs on the
rise across Corporate America Source: usatoday.com
------------------------------------- Insights is intended to reflect
excellence in effort and content. Donations will help maintain this goal
and defray...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
Are We Going Back To The Gold Standard? It`s Unlikely.
Admin at Jim Rogers Blog - 4 hours ago
I think it's unlikely. I know there are lots of people who would like to
return to the gold standard, but the problem with the gold standard is that
it always had problems, too. Politicians can always figure out ways to try
and cheat us, the poor citizens. - *in MoneyNews *
Related ETF: SPDR Gold Trust ETF (GLD)
*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.*
Why states and borders may soon be a thing of the past
by David Galland, Casey Research:
Karl
Marx had a lot of things wrong, especially his moral philosophy. But
one of the acute observations he made was that the means of production
are perhaps the most important determinant of how a society is
structured. Based on that, so far in history, only two really important
things have happened: the Agricultural Revolution and the Industrial
Revolution. Everything else is just a footnote.
Let’s see how these things relate.
Read More @ CaseyResearch.com
from TrimTabs:
by David Galland, Casey Research:
Karl
Marx had a lot of things wrong, especially his moral philosophy. But
one of the acute observations he made was that the means of production
are perhaps the most important determinant of how a society is
structured. Based on that, so far in history, only two really important
things have happened: the Agricultural Revolution and the Industrial
Revolution. Everything else is just a footnote. Let’s see how these things relate.
Read More @ CaseyResearch.com
from TrimTabs:
from, The Victory Report:
As witness to a paradigm silently crumbling, I have commissioned
myself to educate others, and provide alternative views to the status
quo.
How many “business” and “finance” do you know who really understand the world around them? It’s a trip to scan their grape to get their perceptions of “markets” and the economy. These guys are parrots or oblivious (likely both), and can regurgitate counterfeit stats faster than an Ivey Bridge.
Read More @ The Victory Report.org
Thank You
I'm PayPal Verified
As witness to a paradigm silently crumbling, I have commissioned
myself to educate others, and provide alternative views to the status
quo.How many “business” and “finance” do you know who really understand the world around them? It’s a trip to scan their grape to get their perceptions of “markets” and the economy. These guys are parrots or oblivious (likely both), and can regurgitate counterfeit stats faster than an Ivey Bridge.
Read More @ The Victory Report.org
from Wealth Wire:
The market seemed to be stunned that pending home sales fell in spite
of mortgage rates being so low that they are essentially tracking
inflation. Yet the narrow focus on financial liquidity still continues
to miss the slow degradation of the American household balance sheet.
I always found this fascinating even during the boom how rarely household incomes were mentioned in the context of purchasing a home. People at networking events or cocktail parties were quick to talk about their “$700,000” or “$1 million” home purchase yet felt that it was taboo to discuss actual income growth.
In many ways buying a home with a giant mortgage became a socially acceptable way to flaunt your notion of wealth instead of pulling out your electronic pay stub. So this fall in pending home sales is merely a reflection of the shadow inventory leaking out into the market but also of weak household income growth.
Read More @ WealthWire.com
The market seemed to be stunned that pending home sales fell in spite
of mortgage rates being so low that they are essentially tracking
inflation. Yet the narrow focus on financial liquidity still continues
to miss the slow degradation of the American household balance sheet.I always found this fascinating even during the boom how rarely household incomes were mentioned in the context of purchasing a home. People at networking events or cocktail parties were quick to talk about their “$700,000” or “$1 million” home purchase yet felt that it was taboo to discuss actual income growth.
In many ways buying a home with a giant mortgage became a socially acceptable way to flaunt your notion of wealth instead of pulling out your electronic pay stub. So this fall in pending home sales is merely a reflection of the shadow inventory leaking out into the market but also of weak household income growth.
Read More @ WealthWire.com
by Lawrence Williams, MineWeb.com
Has there been a complete mood turnaround in the gold market? Up until Friday it had mostly been doom and gloom for gold investor. But now what after a 5% plus price increase in a day?
What a difference a day makes! After a month of doom and gloom and
lingering doubts that, perhaps, the gold bears are right after all, gold
investors will have gone into the weekend with smiles on their faces.
Maybe the recent gold price decline is now over and the yellow metal
will get back on the bull market track it has been following for the
past eleven years. OK it still hasn’t got back to where it was at the
beginning of May – yet, but it could well have the momentum to do so now
that the link with the strong dollar and weak euro has been broken,
perhaps decisively.
Read More @ MineWeb.com
Has there been a complete mood turnaround in the gold market? Up until Friday it had mostly been doom and gloom for gold investor. But now what after a 5% plus price increase in a day?
What a difference a day makes! After a month of doom and gloom and
lingering doubts that, perhaps, the gold bears are right after all, gold
investors will have gone into the weekend with smiles on their faces.
Maybe the recent gold price decline is now over and the yellow metal
will get back on the bull market track it has been following for the
past eleven years. OK it still hasn’t got back to where it was at the
beginning of May – yet, but it could well have the momentum to do so now
that the link with the strong dollar and weak euro has been broken,
perhaps decisively.Read More @ MineWeb.com
By The Gold Report, The Market Oracle:
The Gold Report:
Peter, you have called this the mother of all gold bull markets and
predicted $2,500/ounce (oz) gold prices. What is driving the price of
gold? Is it China’s growth? Is it a weak U.S. dollar? Is it global
fears? Is it central bank currency printing? What’s going on?
Peter Grandich: This mother of all gold bull markets was built on a foundation of dramatic changes in the gold market itself that began in earnest 10 years ago and propelled it up to where it is now. First, two significant negatives turned into positives. The gold market had basically capped due to constant central bank selling and producers being aggressive forward sellers of future gold production. However, starting with the Washington Accord in 1999, the central banks dramatically changed direction and agreed to limit gold sales. In fact, in the last two years the central banks have actually become net buyers. At the same time, gold producers have made hedging a thing of the past. Hedging has really become a four-letter word among investors.
TGR: What convinced companies to stop forward-selling their production?
Read More @ TheMarketOracle.co.uk
The Gold Report:
Peter, you have called this the mother of all gold bull markets and
predicted $2,500/ounce (oz) gold prices. What is driving the price of
gold? Is it China’s growth? Is it a weak U.S. dollar? Is it global
fears? Is it central bank currency printing? What’s going on?Peter Grandich: This mother of all gold bull markets was built on a foundation of dramatic changes in the gold market itself that began in earnest 10 years ago and propelled it up to where it is now. First, two significant negatives turned into positives. The gold market had basically capped due to constant central bank selling and producers being aggressive forward sellers of future gold production. However, starting with the Washington Accord in 1999, the central banks dramatically changed direction and agreed to limit gold sales. In fact, in the last two years the central banks have actually become net buyers. At the same time, gold producers have made hedging a thing of the past. Hedging has really become a four-letter word among investors.
TGR: What convinced companies to stop forward-selling their production?
Read More @ TheMarketOracle.co.uk
by Mac Slavo, SHTFPlan:
In a follow-up to his wildly popular article discussing How Horrific It Will Be For The Non-Prepper, contributor ‘Be Informed’ provides SHTFplan readers with an extensive list of preparedness and survival keywords and concepts for beginners and seasoned preppers alike.
It seems like no matter how well someone prepares, they inevitably
find out they have forgotten something. That all important item or
items that aren’t “remembered”, that merely only have to be mentioned by
name to remind a person of what they needed. Most of the time when
someone forgets an article of clothing or other minor object after
beginning a vacation they can easily replace it or live without it.
After a calamitous event, however, anything that a person has forgotten
to store will likely be be impossible to obtain. What someone has in
their possession at the time of the event is probably the ONLY thing
they will be able to get.
The following list of A to Z survival items and survival related concepts details what one may have simply forgotten because there’s so much to prepare for.
- Ability and adept – the more skills you have the better.
- Zones – know exactly where your best individual survival chances will be at.
Read More @ SHTFPlan.com
In a follow-up to his wildly popular article discussing How Horrific It Will Be For The Non-Prepper, contributor ‘Be Informed’ provides SHTFplan readers with an extensive list of preparedness and survival keywords and concepts for beginners and seasoned preppers alike.
It seems like no matter how well someone prepares, they inevitably
find out they have forgotten something. That all important item or
items that aren’t “remembered”, that merely only have to be mentioned by
name to remind a person of what they needed. Most of the time when
someone forgets an article of clothing or other minor object after
beginning a vacation they can easily replace it or live without it.
After a calamitous event, however, anything that a person has forgotten
to store will likely be be impossible to obtain. What someone has in
their possession at the time of the event is probably the ONLY thing
they will be able to get.The following list of A to Z survival items and survival related concepts details what one may have simply forgotten because there’s so much to prepare for.
- Ability and adept – the more skills you have the better.
- Zones – know exactly where your best individual survival chances will be at.
Read More @ SHTFPlan.com
by Dr. Paul Craig Roberts, AgoraTelegraph
KINGSTON, NY, 08 MAY 2012 — An emerging foreign policy trend is Cold
War II. The US military/security complex, with help from Obama and
Hillary Clinton, is working overtime to revive the profitable long-term
stalemate of the Cold War that lasted four decades from the Berlin
airlift to the Reagan-Gorbachev accord. During this long period Congress
and the public supported an endless array of weapons systems to deter
the “Soviet threat,” which, until President Richard Nixon’s opening to
China in the early 1970s, comprised together with China the “Communist
threat.”
This threat was not all spin. It had an element of real potential, but the threat was hyped to the limit. In the 1950s in Atlanta, Georgia, and elsewhere school children were issued military dog tags, just like the ones GIs would yank off the necks of their dead colleagues in the war movies, with their blood type in event of a nuclear attack. Some Americans built bomb shelters on their home properties. Senator Joseph McCarthy led a witch hunt for communists, and although there were some communists and communist sympathizers in sensitive positions, McCarthyism had many innocent victims, just like “the war on terror.”
Read More @ AgroaTelegraph.com
KINGSTON, NY, 08 MAY 2012 — An emerging foreign policy trend is Cold
War II. The US military/security complex, with help from Obama and
Hillary Clinton, is working overtime to revive the profitable long-term
stalemate of the Cold War that lasted four decades from the Berlin
airlift to the Reagan-Gorbachev accord. During this long period Congress
and the public supported an endless array of weapons systems to deter
the “Soviet threat,” which, until President Richard Nixon’s opening to
China in the early 1970s, comprised together with China the “Communist
threat.”This threat was not all spin. It had an element of real potential, but the threat was hyped to the limit. In the 1950s in Atlanta, Georgia, and elsewhere school children were issued military dog tags, just like the ones GIs would yank off the necks of their dead colleagues in the war movies, with their blood type in event of a nuclear attack. Some Americans built bomb shelters on their home properties. Senator Joseph McCarthy led a witch hunt for communists, and although there were some communists and communist sympathizers in sensitive positions, McCarthyism had many innocent victims, just like “the war on terror.”
Read More @ AgroaTelegraph.com
from, Activist Post
It seems to me that the millions of Americans caught in long-term
unemployment are suffering from some kind of illness – a mental
impairment that blocks their ability to be creative – called
hopelessness.
Through no fault of their own, they seem to lack the will to create their own income path.
They spend their days circling want ads, sending out resumes, moaning about their situation to anyone who will listen, and praying that someone comes to their aid with a well-paying job.
I have a brilliant cousin with a $180K Syracuse education working part-time at a department store. She has literally sent out 38,000 resumes in the span of a year to no avail. I have another very bright friend with the kindest heart who is so desperate he has applied for dishwashing jobs and didn’t get them, sending him deeper into depression. I’m sure we all know people like this, or perhaps have even been there ourselves.
Read More @ Activist Post
Please Donate
It seems to me that the millions of Americans caught in long-term
unemployment are suffering from some kind of illness – a mental
impairment that blocks their ability to be creative – called
hopelessness.Through no fault of their own, they seem to lack the will to create their own income path.
They spend their days circling want ads, sending out resumes, moaning about their situation to anyone who will listen, and praying that someone comes to their aid with a well-paying job.
I have a brilliant cousin with a $180K Syracuse education working part-time at a department store. She has literally sent out 38,000 resumes in the span of a year to no avail. I have another very bright friend with the kindest heart who is so desperate he has applied for dishwashing jobs and didn’t get them, sending him deeper into depression. I’m sure we all know people like this, or perhaps have even been there ourselves.
Read More @ Activist Post
by John Galt:
Have my readers ever wondered why the financial networks always show 1
year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever
possible? Perhaps these seven charts will indicate why they prefer to
color the truth and hide the seriousness of the economic realities of
Europe. I have posted the charts of the major stock market indexes for
the PIIGS plus Cyprus and Hungary to offer perspective as to how severe
the problems really are in Southern Europe and will expand to the rest
of the world unless a miracle is created out of thin air. The
instability these markets have and will continue to create should be
considered sobering at a minimum to my readers.
Each chart has the percentage drop in value from their peak value in the past five years until the close of trading on May 31, 2012. Let those numbers sink in as one listens and watches the bubblevisions and political elites offer their swill on the airwaves.
Read More @ JohnGaltFLA.com
Have my readers ever wondered why the financial networks always show 1
year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever
possible? Perhaps these seven charts will indicate why they prefer to
color the truth and hide the seriousness of the economic realities of
Europe. I have posted the charts of the major stock market indexes for
the PIIGS plus Cyprus and Hungary to offer perspective as to how severe
the problems really are in Southern Europe and will expand to the rest
of the world unless a miracle is created out of thin air. The
instability these markets have and will continue to create should be
considered sobering at a minimum to my readers.Each chart has the percentage drop in value from their peak value in the past five years until the close of trading on May 31, 2012. Let those numbers sink in as one listens and watches the bubblevisions and political elites offer their swill on the airwaves.
Read More @ JohnGaltFLA.com
from Silver Doctors:
JP Morgan’s collateral issues just got worse.
The troubled bank reportedly has relented and will return $600 million in stolen MFGlobal client funds to the MFG trustee, 7 months after MFG’s bankruptcy.
While this is clearly a major victory for MF Global clients (including several SD readers who are still missing over $100,000 in their private accounts), what about the missing 1.4 million ounces of physical silver?
NEW YORK (AP) – JPMorgan Chase has returned about $600 million that was held at the bank when securities firm MF Global Holdings Ltd. failed last fall, according to a news report.
The Wall Street Journal also reported Saturday that a bankruptcy trustee representing MF Global’s customers might pursue JPMorgan for several hundred million dollars in additional claims.
The newspaper cited unnamed people familiar with the matter and with the investigation into MF Global’s collapse.
MF Global failed in October after a calamitous bet on European debt spooked its investors, partners and clients. The collapse left an estimated $1.6 billion hole in customer accounts at MF Global.
Read More @ SilverDoctors.com
JP Morgan’s collateral issues just got worse.The troubled bank reportedly has relented and will return $600 million in stolen MFGlobal client funds to the MFG trustee, 7 months after MFG’s bankruptcy.
While this is clearly a major victory for MF Global clients (including several SD readers who are still missing over $100,000 in their private accounts), what about the missing 1.4 million ounces of physical silver?
NEW YORK (AP) – JPMorgan Chase has returned about $600 million that was held at the bank when securities firm MF Global Holdings Ltd. failed last fall, according to a news report.
The Wall Street Journal also reported Saturday that a bankruptcy trustee representing MF Global’s customers might pursue JPMorgan for several hundred million dollars in additional claims.
The newspaper cited unnamed people familiar with the matter and with the investigation into MF Global’s collapse.
MF Global failed in October after a calamitous bet on European debt spooked its investors, partners and clients. The collapse left an estimated $1.6 billion hole in customer accounts at MF Global.
Read More @ SilverDoctors.com
Thank You
I'm PayPal Verified
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t_Qi4WxuvJWRQwOkJ8eAhLmeTIZo5IQJUuOIYRAe4OvhOlUPohzDDx6wn4Noui9ImuoLqIWNkVkAA6Elt-hjpRhg-zrPkrE85_fgVOrv3WQd4q4r9U7d16hbM_XbgYyxkEDw=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sYWgpL5tnz-ndIwMqowBG3kmptym89DcpMn3uSgSJjVYc8Dwdzm7mWsQY8s-RoRorJb97zp_KxBSAn4wMU1NGWprHK9ooixjgm8rJAQRIOi-5zmH8-4MAPgZfnVk9tt-js5rPw=s0-d)
No comments:
Post a Comment