from KingWorldNews:
With more bailouts needed in Europe and around the world, today Egon von Greyerz told King World News, “Governments are standing ready with a massive package.”
Egon von Greyerz is founder and managing partner at Matterhorn Asset
Management out of Switzerland. Von Greyerz also said that because of
the money printing, “Gold is on the verge of a major breakout here.” Here is what Greyerz had to say about the unfolding crisis: “In
Spain, the interest rate is now 7%, which is totally unsustainable for
them. They can’t afford to pay 7% or even 5%. Sales and other economic
figures in Spain are collapsing. Retail sales are down 10%. Slovenia
is the next country that some are predicting will collapse.”
Von Greyerz continues @ KingWorldNews.com
With more bailouts needed in Europe and around the world, today Egon von Greyerz told King World News, “Governments are standing ready with a massive package.”
Egon von Greyerz is founder and managing partner at Matterhorn Asset
Management out of Switzerland. Von Greyerz also said that because of
the money printing, “Gold is on the verge of a major breakout here.” Here is what Greyerz had to say about the unfolding crisis: “In
Spain, the interest rate is now 7%, which is totally unsustainable for
them. They can’t afford to pay 7% or even 5%. Sales and other economic
figures in Spain are collapsing. Retail sales are down 10%. Slovenia
is the next country that some are predicting will collapse.”Von Greyerz continues @ KingWorldNews.com
And For Today's Market Ramp Rumor We Have...
Yesterday's rumor that global central banks may, just may, respond to a Greek exit from the Eurozone, which would send the world into tailspin sent stocks higher. Because without said rumor nobody, repeat nobody would possibly imagine that there could be a coordinated response to an event that would send global risk down over 20%. Today, it gets even dumber:- ECB MAJORITY SAID TO OVERCOME CONCERN ON CUTTING DEPOSIT RATE.
- ECB POLICY MAKERS HAVE OVERCOME A KEY CONCERN ABOUT TAKING THE BECHMARK RATE BELOW 1%
by Mac Slavo, SHTFPlan:
In the midst of the worst economic crisis since the Great Depression
in which millions of Americans have lost jobs we can expect even more
competition in the employment marketplace.According to AP sources, President Obama will speak today about a new administration policy that will grant immunity from deportation for some 800,000 immigrants who have entered the country illegally.
The Obama administration will stop deporting and begin granting work permits to younger illegal immigrants who came to the U.S. as children and have since led law-abiding lives. The election-year initiative addresses a top priority of an influential Latino electorate that has been vocal in its opposition to administration deportation policies.
Read More @ SHTFPlan.com
Every Banker Gets A Ribbon On Field Day
Dave in Denver at The Golden Truth - 53 minutes ago
Standards which had been established to make the world a safer place to do
business by imposing reasonable reserve requirements is now going to be
rescinded, which enable the big banks of the world to continue contiue
polluting our lives with fraud and corruption and enrich the bankers at the
expense of everyone else:
International regulators are poised to ease a core element of new banking
rules that were designed to improve the safety of the financial
system...regulators say they now plan to make it easier for banks to comply
with a key provision of new international banking rules... more »
Manufacturing Malaise: Key Measures Point to Declines
Eric De Groot at Eric De Groot - 1 hour ago
The equity bulls want more stimulus, but history reminds us that fiscal and
monetary policy decision, i.e. additional stimulus or QE(n), tends to be
reactive rather than proactive. Also, anything beyond token increase in
stimulus might be difficult to defend with the S&P 500 only 6% and 15%
below its 2012 and 2007 (all-time) highs. Headline: Manufacturing Malaise:
Key Measures Point to...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
U.S. bank downgrades loom
Eric De Groot at Eric De Groot - 1 hour ago
How many rating agencies were proactive in early to mid 2008? Now that
the cat's out of the bag, they all rush to be proactive. As Jim suggests,
perhaps their actions reflect the intention of the men behind the curtain.
Or, maybe it's easier to jump on a bandwagon that's already moving. The
section of the piece that caught me eye was the following observation, It
may...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]Four Bullet Points Explaining How JPMorgan Doubled Its Money From MF Global's Corpse In Seven Months
Don't read this if you have high blood pressure or if you are a client of MF Global's, whose money is still held by JP Morgan.On The Keynesian Lunacy Of Targeting Outcomes
The
pages of the financial press overflow with opinions on what targets
would make the world safer: what ratio of risk-weighted-assets banks
should target, what RoE targets they would be safe at, what inflation
target the central bank should aim for, or what growth target is
appropriate for China. When SocGen's Dylan Grice was asked if he was a
fan of the idea of nominal GDP targets! He snapped he is not and thought
it "a terrible idea". As he opines, today’s various issues – the euro,
China’s economy, over-indebtedness – are the cumulative unintended
consequences of such past targets, and the naïve presumption that complexity can be commanded. Even mildly complex systems, any outcome is the wrong thing to target, with the process being where the focus should be.
Expressing how little time he has for macroeconomics, reasoning that
it’s obsessed with the targeting of interest rates, GDP, inflation,
unemployment, exchange rates, et cetera, as though such a thing was
possible without unintended consequences; Grice notes that Austrian
economists understood this too. Ludwig von Mises distilled social
phenomena to the simple observation that "man acts purposefully".Obama Addresses America's Illegal Aliens, Bypasses Congress
Obama
is about to address (as of 1:15 pm Eastern, so the sandtrap was
obviously a monster) America's illegal immigrants, and critical Hispanic
vote, advising them he has successfully avoided this pest known as
Congress, and that henceforth not all of them will be deported. The immigrants that is, not Congress... although that too may change. Because remember: the only thing better than record part-time jobs is recorder part-time jobs. Also remember: one can't affix a price to securing the vote... of those who are ineligible to vote.CNBC Asks, "So Why Are Spanish Bond Yields Falling?" I Ask The Better Question, "Why Are Spanish Banks Considered Solvent?"
06/15/2012 - 12:05
Next week should be a sight to behold no matter how it finishes. Over
this coming weekend the Greeks will vote again and the future of the
Eurozone may be held in the balance. Also this weekend, the Egyptians
will vote, in essence for what “type” of government they will have going
forward. Then, later in the week, The Fed will meet and announce their
“decision” on monetary policy. I say “decision” because they have none
other than re opening the spigots wide.from TruthNeverTold :
from TF Metals Report:
On Wednesday, I spoke again with the inimitable Golden Jackass, Jim Willie.
First of all, I hope you’ve got some time to devote to listening as this baby clocks in at about 55 minutes. I tell you what, though, it’s well worth your time. Think of it as two acts. In the opening act, Jim answers some of the Turdite questions that were submitted earlier this week. We tried to cover as many as we could but we only got to 5 or 6 of them. The questions were so good that it took a while to answer them but we tried our best to hit the most popular queries. In act two, Jim and I discuss current events and the developing “black hole” of the U.S. treasury market and U.S. government deficit funding.
Jim’s on his game here so sit back, relax, maybe crack a cold one and enjoy.
LISTEN NOW @ TF Metals Report
On Wednesday, I spoke again with the inimitable Golden Jackass, Jim Willie. First of all, I hope you’ve got some time to devote to listening as this baby clocks in at about 55 minutes. I tell you what, though, it’s well worth your time. Think of it as two acts. In the opening act, Jim answers some of the Turdite questions that were submitted earlier this week. We tried to cover as many as we could but we only got to 5 or 6 of them. The questions were so good that it took a while to answer them but we tried our best to hit the most popular queries. In act two, Jim and I discuss current events and the developing “black hole” of the U.S. treasury market and U.S. government deficit funding.
Jim’s on his game here so sit back, relax, maybe crack a cold one and enjoy.
LISTEN NOW @ TF Metals Report
by Theodore Butler, Silver Seek:
Please read this article carefully because I’m disclosing for the first time that the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market. It answers all the questions and exposes this tawdry affair for all to see.
The scandal recently became more outrageous. The June Bank
Participation Report, as of Tuesday, June 5, along with the COT
confirmed that JPMorgan’s silver short position has increased by at
least 5,000 contracts in the past two reporting weeks. That is the
equivalent of 25 million ounces of silver, truly an enormous amount in a
two week period and about equal to all the silver produced and consumed
in the world in the same period. I calculate JPMorgan’s net short
position in COMEX silver futures to be between 16,000 and 17,000 contracts. JPMorgan
has been the sole net commercial silver short seller over the past two
weeks. That is the clearest proof yet of manipulation. A market dominated by one buyer or seller is the ultimate definition of manipulation.
Had JPMorgan not sold short 5,000 or more net additional
contracts in COMEX silver over the past two weeks, the price of silver
would have climbed even higher.
Read More @ Silver Seek
Please read this article carefully because I’m disclosing for the first time that the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market. It answers all the questions and exposes this tawdry affair for all to see.Read More @ Silver Seek
from The Washington Post:
Hong Kong’s stock exchange operator said Friday it has agreed to buy
the 135-year-old London Metal Exchange for 1.4 billion pounds ($2.2
billion) as it shifts into commodities to capitalize on Chinese demand.
Hong Kong Exchanges and Clearing Ltd. said it has signed an agreement with the LME, the world’s largest metals market, to pay 107.60 pounds for each of its 12.9 million shares. The LME’s board plans to recommend shareholders accept the offer at a meeting expected before the end of July.
The Hong Kong bourse’s offer follows plans announced earlier this year to expand into commodities, marking a major move away from its slow-growing equities business.
Hong Kong Exchanges said the LME has yet to “realize fully the growth opportunity” in Asia, especially China, and the deal would provide a platform for “significant revenue growth” as LME expands its business and operations in the region.
Read More @ The Washington Post.com
Hong Kong’s stock exchange operator said Friday it has agreed to buy
the 135-year-old London Metal Exchange for 1.4 billion pounds ($2.2
billion) as it shifts into commodities to capitalize on Chinese demand.Hong Kong Exchanges and Clearing Ltd. said it has signed an agreement with the LME, the world’s largest metals market, to pay 107.60 pounds for each of its 12.9 million shares. The LME’s board plans to recommend shareholders accept the offer at a meeting expected before the end of July.
The Hong Kong bourse’s offer follows plans announced earlier this year to expand into commodities, marking a major move away from its slow-growing equities business.
Hong Kong Exchanges said the LME has yet to “realize fully the growth opportunity” in Asia, especially China, and the deal would provide a platform for “significant revenue growth” as LME expands its business and operations in the region.
Read More @ The Washington Post.com
by J.D. Heyes, Natural News:
The development of affordable “green” cars and trucks – electric
vehicles or hybrids designed to dramatically curb the nation’s reliance
on fossil fuels – is supposed to be a primary goal for the Obama
administration and a number of government and industry leaders. But what
about diesel-burning vehicles that already get more than 70 miles a gallon?
Yes, you read that right. There are already vehicles on the road – nice vehicles, not bread boxes with weed-eater motors on wheels – that get better than 70 miles to a gallon of diesel fuel. Only, you can’t buy one here in the United States. More on that later.
Have you ever heard of a little German car company called Volkswagon (VW)? Well, what you probably didn’t know is that VW makes a car called the Passat Bluemotion 1.6 TDI, and – according to published specs and eyewitness accounts – the vehicle is capable of getting 72-78 miles per gallon under normal load and driving conditions. While the car’s engine lacks significant punch, says a review in Autocar magazine, it is certainly economical.
Read More @ NaturalNews.com
The development of affordable “green” cars and trucks – electric
vehicles or hybrids designed to dramatically curb the nation’s reliance
on fossil fuels – is supposed to be a primary goal for the Obama
administration and a number of government and industry leaders. But what
about diesel-burning vehicles that already get more than 70 miles a gallon?Yes, you read that right. There are already vehicles on the road – nice vehicles, not bread boxes with weed-eater motors on wheels – that get better than 70 miles to a gallon of diesel fuel. Only, you can’t buy one here in the United States. More on that later.
Have you ever heard of a little German car company called Volkswagon (VW)? Well, what you probably didn’t know is that VW makes a car called the Passat Bluemotion 1.6 TDI, and – according to published specs and eyewitness accounts – the vehicle is capable of getting 72-78 miles per gallon under normal load and driving conditions. While the car’s engine lacks significant punch, says a review in Autocar magazine, it is certainly economical.
Read More @ NaturalNews.com
By Bill Bonner, Daily Reckoning.com.au:
Twenty years of going nowhere! Where are we, Hokohama?
Dear Reader…and anyone who has been paying attention…you already knew there was something wrong. The world’s leading economy, in the most dynamic, inventive period in human history, failed to make people a penny richer.
GDP went up. But real wages did not. In fact, people got nowhere financially — if they were lucky. And many families got caught in the credit/housing bubble. When it blew up they got knocked back…actually losing wealth.
We’ll give you the conclusion before we give you the facts: the “growth” in the last 20 years was largely phony. The wheels on the US economy spun around faster and faster. The shopping malls were full. Houses were built on nearly every vacant lot. Wall Street cashed big cheques. But, overall, it was an illusion. Compared to a real boom, it was a counterfeit. Nobody got anywhere.
Read More @ DailyReckoning.com.au
Twenty years of going nowhere! Where are we, Hokohama?
Dear Reader…and anyone who has been paying attention…you already knew there was something wrong. The world’s leading economy, in the most dynamic, inventive period in human history, failed to make people a penny richer.
GDP went up. But real wages did not. In fact, people got nowhere financially — if they were lucky. And many families got caught in the credit/housing bubble. When it blew up they got knocked back…actually losing wealth.
We’ll give you the conclusion before we give you the facts: the “growth” in the last 20 years was largely phony. The wheels on the US economy spun around faster and faster. The shopping malls were full. Houses were built on nearly every vacant lot. Wall Street cashed big cheques. But, overall, it was an illusion. Compared to a real boom, it was a counterfeit. Nobody got anywhere.
Read More @ DailyReckoning.com.au
by J. D. Heyes, Natural News:
Most of us are supportive of our local police departments but because
of a lousy state Supreme Court decision in Indiana last year, residents
of the state now have the right to shoot at officers in defense of
their property if they believe they are being improperly raided.
Not surprisingly, most police officers are upset about the law, which was signed by Gov. Mitch Daniels in March, because they believe now it will be “open season” on law enforcement officers.
But supporters say the law will encourage nothing of the kind. They say its sole purpose is to allow homeowners the same rights they’ve always had – to defend their property with deadly force, if necessary, even if that means defending it against “public servants” who illegally enter homes and automobiles.
Here’s how it all began.
Read More @ NaturalNews.com
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Most of us are supportive of our local police departments but because
of a lousy state Supreme Court decision in Indiana last year, residents
of the state now have the right to shoot at officers in defense of
their property if they believe they are being improperly raided.Not surprisingly, most police officers are upset about the law, which was signed by Gov. Mitch Daniels in March, because they believe now it will be “open season” on law enforcement officers.
But supporters say the law will encourage nothing of the kind. They say its sole purpose is to allow homeowners the same rights they’ve always had – to defend their property with deadly force, if necessary, even if that means defending it against “public servants” who illegally enter homes and automobiles.
Here’s how it all began.
Read More @ NaturalNews.com
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