MUST HEAR: ‘The Rats Are Jumping Off This Sinking Ship. This System Cannot Survive Much Longer’ – Harley Schlanger

Greetings friends. This is a new MUST LISTEN interview with Harley Schlanger the national spokesman for the LaRouche Organization. Harley just returned from the EU and says the entire banking system is unraveling. The rats are looking for a way to save themselves. Some within the cabal like the Rothschilds are even showing signs of supporting the re-implementation of Glass-Steagall, not because they are decent human beings – but because they are trying to save their empire.
Meanwhile, people in the U.S. are fed up and want real change that neither the establishment-controlled DNC or RNC will ever allow. We need a new political system in this country, one that actually REPRESENTS the voices of the people. But the bottom line is, this broken, criminal paradigm is now living on borrowed time. ‘This system cannot survive much longer.’








Greece Prints Euros To Stay Afloat, The ECB Approves, The Bundesbank Nods: No One Wants To Get Blamed For Kicking Greece Out

Posted by : testosteronepit

Post date: 08/08/2012 - 20:15

Who the heck turned off the spigot in the first place?

Obama and Romney: The Complete and Undeniable Truth! A Must See!

from FreedomlinkRadio:

This video is done by a great Patriot by the name of Larken Rose. This is one of the most honest and truthful videos that I have ever seen. All those who view this video need to put on their critical thinking caps and really evaluate the information being presented. It’s now or never people! Time to wake up!

Have You Seen These Absolutely Shocking Charts Of Inflation

from KingWorldNews:

With global leaders today expressing tremendous fear and concern about one of the worst droughts in history, the world is holding its breath and expecting a massive spike in inflation. The problem is the inflation spike is not isolated to food. Here are a plethora of charts and text that will shock KWN readers around the world.
Brent Crude in Euros (See Chart below) – The charts below raise a lot of concerns that as Europe continues to struggle with its financial and economic problems that another area of stress may be developing.
– They also suggest the danger of significantly elevated energy and food costs in the months ahead to add to their woes.
– If ,as we still expect , EURUSD continues to head lower that will exacerbate the issue even further. Is up 27% since 21 June.
•Just 3% below the 2008 peak and 6.5% below the ALL TIME HIGH set in March this year.
Tom Fitzpatrick continues @ KingWorldNews.com

Knight's Berserk Algo Bought $2.6 Million Worth Of Stock Every Second

While we already presented, courtesy of Nanex, the modus operandi of the Knight berserker algo, there was one outstanding question. What was the bottom line. And no, not how much the loss on Knight's Income Statement would be as a result of this glimpse into what really happens in the market: we already knew that would be $440 million. The question is what is the notional amount of stock that this algo bought in the 45 minutes in which it was operational. We now know: $7 billion. Or $155 million per minute. Or $2.6 million per second. Or, assuming the algo impacted just 150 stocks as previously reported, it was buying on average $17,333 in each name every second. Or, assuming an average stock price of the universe of 150 stocks of $30/share, the Knight algo lifted the offer roughly 600 times each second. For 45 minutes straight! That's right - the market making algorithm of a designated market maker which is responsible for 10% of the order flow in the US stock market, entered a pre-programmed mode (because the computer was told to do whatever it did by someone, and not without reason) that saw it buy up $2.6 million worth of stock every second.

Bernanke Just Assured That The Student Loan Bubble Will Be The Next "Financial Stability Issue"

"At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained" - Ben Bernanke, March 28, 2007
"I don’t think student loans are a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal government" - Ben Bernanke, August 7, 2012
Please mark your calendars accordingly as yesterday the Chairman just guaranteed that student loans will be cause for the next "financial stability issue."

From Occupying Wall Street To "Dying For Work"?

Imagine you are driving to work this morning in Las Vegas (yes, you are one of the select few locals who has a job that does not involve relying on the strip's ever declining gambling revenues or flipping a house to John Paulson in the second, and far shorter, coming of the regional housing bubble, with poppage imminent), and you observe what appears to be a man who hung himself below a billboard saying "Dying for Work." Confused, you continue, only to drive by another billboard with what seem to be a man hanging off, this one saying "Hope you're happy Wall St." Slowly it all clicks: the man is not real, and this is not a suicide done in protest by some depressed unemployed person, instead it is merely a mannequin all part of some attempt at a statement. Would this be considered shocking, and will the thousands of commuters who saw this feel any worse or better toward Wall Street and its employees - America's bankers - having seen this, or will they merely continue with their lives? What if the dummy was a real person? And is this merely a foreshadowing of things to come in a country in which class warfare has never been as violent, and in which the divide between the haves and the have nots has never been as wide? And what happens when the next such stunt is a real person? More importantly, what happens if a depressed jobless person takes their life but first takes out some of those he thinks are responsible for his plight - say Wall Streeters?

Lessons Of History

Admin at Jim Rogers Blog - 4 hours ago

Every few decades throughout history, we've had periods when the financial types were the masters of the universe, followed by decline, and then when the drawers of water and the hewers of wood, the people who produce goods, were the masters of the universe. - *in The Take Away* *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.* 

 

Germany Industrial Production lower/Spain's GDP lowers/Italian banks continue with high bad loans/ European bourses fall in price/

Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 7 hours ago

Good evening Ladies and Gentlemen: Gold closed: today up to the tune of $3.20 to $1612.90.  Silver was down one cent at $28.07. Today we got news from Germany with a lower industrial production number coupled with their lower factory orders.  This is extremely dangerous to this high exporting nation.  All of Europe is counting on Germany bailing out Italy and Spain.  However with Germany's

 

Where Young People Should Go

Admin at Jim Rogers Blog - 8 hours ago

The huge fortunes are going to be made by the producers of real goods, and that's where young people should go, and that's where investors should go. - *excerpt from Why More Banking Crises Are on the Way * *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.* 

 

Negative Real Interest Rates

Admin at Marc Faber Blog - 9 hours ago

We have negative real interest rates practically everywhere. So if people keep their money on deposits, they are losing out in terms of purchasing power. - *in CNBC TV 18* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 

 

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Buy More Bonds Doesn't Solve Anything

Eric De Groot at Eric De Groot - 10 hours ago

A buying program would be more likely to stimulate if the Fed actually bought corporate rather than government bonds. The point doesn’t even enter the discussion here. Success of any buying program requires the dollar value of the stimulation to exceed that of the relentless and ongoing asset destruction worldwide. In other words, the forces of inflation must exceed that of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

 

Definitive Primer On Gold/Silver Market Manipulation

Dave in Denver at The Golden Truth - 10 hours ago

*"If I had to vote for Obama or Romney, I'd shoot myself"* - Marc Faber * * *"Beware of false knowledge; it is more dangerous than ignorance" *- George Bernard Shaw For those of you who have not seen it yet, I'm posting the interview of GATA's Treasurer, Chris Powell, with Lauren Lyster of Capital Account. For those of you who were unaware, Capital Account is hosted by RT.com, and it does some of the finest truthseeker reporting in media land. Ms. Lyster interviews Mr. Powell regarding the ongoing gold and silver manipulation, likely being conducted by a few big bullion banks l... more » 

Rosenberg On The Pending Trade Shock And Q4's 0% GDP Growth

It would appear that the dilemma of the world exporting more than it imports (that we initially pointed out here) is starting to come to a head in reality with a negative export trade shock. As Gluskin Sheff's David Rosenberg notes, since the recovery began three years ago, over 70% of the real GDP growth we have seen was concentrated in export volumes and inventory investment; and recent data from the ISM (here and here) points to a dramatic slowdown in both. Compounding this weakness is the fact that the remaining growth was from Capex - which is now likely to slow given the weakening trend in corporate profits - and will more than offset any nascent turnaround in the housing sector - if that is to be believed. The consumer has all but stalled and adding up all these effects and there is a high probability of a 0% GDP growth print as early as Q4.

Another Example Of Why Central Planning Is A Bad Idea

The government’s central planning of Olympic ticketing has been a complete failure, perhaps best evidenced by the THOUSANDS of empty seats at many of the events.  The government has managed to monopolize an entire industry and screw it up with Soviet-level inefficiency… then make it a criminal offense for the private sector to fix it. This is typical of how a government operates. They take a very cavalier attitude because they don’t care about results, they only care about maintaining control. As a result, they run their operations based on the premise that people really have no choice. With regard to Olympic ticketing, this is mostly true. My choice was either to go through the system legitimately (albeit painfully), deal with some dodgy backroom ticket broker at three times the price, or just watch it on television.

QE Forever And Ever?

The lunatics are running the asylum. This is the only conclusion one can come to when considering the nonchalance with which what was once considered an extraordinary policy with a firm 'exit' in mind is now propagated as a perfectly normal 'tool' to be employed at the drop of a hat. We refer of course to so-called 'quantitative easing' (QE), which really is a euphemism for money printing. Apart from his sole focus on short term outcomes, an important point that seems not be considered by the FOMC's Rosengren this week is the question of what should happen if the 'open-ended' QE policy were to fail to achieve its stated goals. He seems to assume that it will succeed in lowering unemployment and creating 'economic growth' as a matter of course. It goes without saying that money printing cannot create a single molecule of real wealth. If it could, then Zimbabwe wouldn't be a basket case, but a Utopia of riches. We must infer from Rosengren's idea of implementing open-ended QE until  certain benchmarks in terms of unemployment and 'growth' are achieved, that in case they remain elusive, extraordinary rates of money printing would simply continue until the underlying monetary system breaks down.

Three Reasons Why "Financial Repression" Is Doomed To Failure

Anyone who has been following US fiscal policy over the past three years, which by implication means US monetary policy since Congress and the president have dumped everything in the lap of the Fed, which by implication means the Fed's guide to investing in the Russell 2000, knows too well that it can be summarized in two words: financial repression. Read the attempt to force everyone out of "riskless" assets such as Treasurys and mortgages and into risky assets such as Amazon and its 200+ P/E. All else equal, there has been one huge error with this policy which is akin to the Fed attempting to herd cats: instead of pushing investors into other asset classes, all the Fed has achieved is to get everyone to front run it in buying whatever bonds the Fed has not committed to monetizing just yet as we showed before. The other problem is that all else is not equal, and as SocGen shows Financial Repression, even by construct assuming practice and theory were the same, will not be sufficient due to the following three reasons.

Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why

It's very simple really. Please point out where on the below list of Top 20 contributors to a randomly selected US politician, in this case New York's Chuck Schumer, can one find Standard Chartered, Barclays, or HSBC?

Volumeless Equities Limp Along As Risky Debt Rolls Over For Fourth Day

For the last four days, HYG (the high-yield bond ETF) has seen a significant underperformance in the latter part of the day. As we noted yesterday, high yield bonds (and investment grade) are seeing the advance-decline line rolling over. Stocks stand notably expensive relative to high-yield credit once again and VIX smashed over 1 vol lower from its gap up open at 16.5% to end at near 5 month lows under 15.25% - its most discounted/complacent to realized vol in over six months. A weak 10Y auction spurred Treasuries to underperform - which helped pull S&P 500 e-mini futures (ES) risk higher (along with oil strength) but in general stocks and gold tracked one another loosely higher while the USD pushed conversely higher - ending the week so far unch. Cross-asset-class correlations drifted lower all day - with credit and carry FX listless while stocks/oil/Treasuries did their risk-thang (though oil tapered back to lows of the day by the close as Gold/Copper/Silver trod water. Three days of terrible volume, even worse average trade size, and the lowest range in five months suggests anyone serious has left the building and perhaps explains why stocks aren't following credit lower.

Elliott Management: We Make This Recommendation To Our Friends: If You Own US Debt Sell It Now

Every now and then we prefer to sit back and let some of the smartest money speak, especially when said smart money agrees with us. In this case, we hand the podium over to none other than Paul Singer's Elliott Management, which after starting with $1.3 million in 1977 was at $19.8 billion most recently. No expert networks, no high frequency trading, no "information arbitrage", no crony capitalism and pseudo monopolies of scale, and most certainly no bailouts: Singer did it all the old fashioned way: by picking undervalued assets and watching them appreciate. The timing is opportune because while Elliott has much to say about virtually everything in their latest 20 pages Q2 letter, it is the billionaire's sentiment vis-a-vis US Treasury debt that may be most critical, and may be the catalyst that resulted in today's abysmal 10 Year bond auction. To wit: "long-term government debt of the U.S., U.K., Europe and Japan probably will be the worst-performing asset class over the next ten to twenty years. We make this recommendation to our friends: if you own such debt, sell it now. You’ve had a great ride, don’t press your luck. From here it is basically all risk, with very little reward." There is little that can be misinterpreted in the bolded statement. And while many have taken the other side of the Fed over the past 3 years, few have dared to stand against Paul Singer because if there is one person whose opinion matters above most, certainly above that of the Chairsatan, it is his.

Gold popular again despite worries over Indian monsoon

by Ben Traynor, Bullion Street:

The spot market cost of buying gold climbed to $1616 an ounce Tuesday morning in London, its highest level so far this week, as commodity prices and stocks markets also edged higher, with the exception of the FTSE which was hit by allegations that one London-listed bank has hidden “secret transactions” from US regulators.
“Gold appears to be enjoying increasing popularity again,” says Commerzbank’s Commodities Daily note.
“There would appear to be brisk buying interest on the market below [$1600]…which should provide the price with a safety net.”
The US Dollar gold price has remained within 3% of $1600 for virtually all of the last two months. “The market as a whole lacks conviction,” says Marc Ground, commodities strategist at Standard Bank.
“The little confidence that was forming will most likely have been destroyed by last week’s disappointment [from the lack of action by the Federal Reserve and European Central Bank].”
Read More @ BullionStreet.com

Silver Update: Busted Trust

from BrotherJohnf:

Urgent Warning – Prepare for What is Coming

from crabbydogtrix:



 

Occupy Protester Accused Of Bank Robbery For Holding ‘You’re Being Robbed’ Sign

[Ed. Note: You can literally rob the corporate till like Corzine and not get arrested. But hold a sign maligning the banks and roid-head cops will jump at the chance to lock you up. America 2012, the pride of the free world.]
from CBS Philadelphia:
An Occupy Easton protester faces an attempted bank robbery charge following an arrest at an organized event at a bank – during which the “Occupier” was holding a sign that reportedly read “You’re being robbed.”
According to The Express-Times, Dave Gorczynski allegedly held cardboard signs outside a Wells Fargo Branch that read, “You’re being robbed,” while the other said, “Give a man a gun, he can rob a bank. Give a man a bank, and he can rob a country.”
Occupy Easton reports on their Facebook page that Gorczynski “was at the bank protesting the theft of our tax dollars, our homes, and our economy by the criminal banksters.”
Read More @ CBS Philadelphia

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