from Yahoo Finance:
Read More @ Finance.Yahoo.com
Earlier this month the International Monetary Fund
(IMF) lowered its growth estimate for the global economy to 3.3% and
3.6% for 2012 and 2013 respectively, warning that any revisions to the
outlook would likely be lower. Domestically the U.S. economy grew at a
tepid 1.3% in the third quarter, revised lower from the initial estimate
of 1.7%.
In the third part of Breakout’s interview with Jim Rogers we focused on his economic outlook for the U.S. and what, if anything, investors can learn from the latest Nobel Prize winners for Economics.Read More @ Finance.Yahoo.com
by Susanne Posel, Occupy Corporatism:
President Barack Obama has signed an executive order (EO) earlier this month that claims governmental authority to steal money out of customer bank accounts under the guise of assisting Iran with “certain transactions” that would facilitate their ability to economize on their petroleum resources. And this agenda is hidden within the EO that redirects attention to the sanctions imposed by the US and UK.
Obama has empowered himself, Hillary Clinton as Secretary of State and Timothy Geithner as Secretary of the US Treasury to use authority imbued to them by the President that the US government would impose any amount of sanctions on Iran for the sake of bringing the nation to its economic knees.
Read More @ OccupyCorporatism.com
President Barack Obama has signed an executive order (EO) earlier this month that claims governmental authority to steal money out of customer bank accounts under the guise of assisting Iran with “certain transactions” that would facilitate their ability to economize on their petroleum resources. And this agenda is hidden within the EO that redirects attention to the sanctions imposed by the US and UK.
Obama has empowered himself, Hillary Clinton as Secretary of State and Timothy Geithner as Secretary of the US Treasury to use authority imbued to them by the President that the US government would impose any amount of sanctions on Iran for the sake of bringing the nation to its economic knees.
Read More @ OccupyCorporatism.com
Quantitative
Easing Has Been Devastating For American Households And Now Many Of The
Ingredients For Hyperinflation Are Brewing!!
from Investment Watch Blog:
We’re Certainly At A Flashing Yellow Alert On Hyperinflation
David Zeiler: Too few understand just how disruptive hyperinflation in America would be. Truth is, it would be a nightmare.
In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle of pushing prices higher and higher at a faster and faster rate.
Imagine prices at the food store and gas pump not just going up a few cents at a time, but doubling in a matter of months, weeks, or even days.
And now some economists and market experts think many of the ingredients for hyperinflation are brewing in America.
That’s because years of profligate U.S. government borrowing and spending have created trillions of dollars that lurk in the reserves of foreign countries and major financial institutions. The situation escalated after the 2008 financial crisis, with the U.S. Federal Reserve‘s policies of “quantitative easing” creating even more money.
Read More @ Investmentwatchblog.com
from Investment Watch Blog:
We’re Certainly At A Flashing Yellow Alert On HyperinflationDavid Zeiler: Too few understand just how disruptive hyperinflation in America would be. Truth is, it would be a nightmare.
In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle of pushing prices higher and higher at a faster and faster rate.
Imagine prices at the food store and gas pump not just going up a few cents at a time, but doubling in a matter of months, weeks, or even days.
And now some economists and market experts think many of the ingredients for hyperinflation are brewing in America.
That’s because years of profligate U.S. government borrowing and spending have created trillions of dollars that lurk in the reserves of foreign countries and major financial institutions. The situation escalated after the 2008 financial crisis, with the U.S. Federal Reserve‘s policies of “quantitative easing” creating even more money.
Read More @ Investmentwatchblog.com
from KingWorldNews:
Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warned, “Anything left in the current monetary system that is not absolutely necessary will be severely diminished or destroyed.” He also cautioned, “Time is running short to take action.”
Robert Fitzwilson continues @ KingWorldNews.com
Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warned, “Anything left in the current monetary system that is not absolutely necessary will be severely diminished or destroyed.” He also cautioned, “Time is running short to take action.”
Robert Fitzwilson continues @ KingWorldNews.com
United States Governors Prepare State Militia Defenses
14 United States Governors : Prepare State Militia Defenses, To Be Ready Against Obama’s Rogue Federal Forces!
from thebladereport.com:
Obama fearing a revolution against him by the states, has moved swiftly by nationalizing nearly all National Guard Forces in multiple states; Georgia, Alabama, Kansas, Minnesota, Tennessee, Virginia, Louisiana, South Carolina – to name a few. The Governors of the Great States of Alabama, Georgia, Louisiana, South Carolina, Tennessee, Texas, and Virginia still have under their Command-and-Control the State Defense Forces to go against U.S. Federal forces should the need arise. Also important to note: There are NO U.S. laws prohibiting National Guard troops from also joining their State’s Defense Forces. This dilemma occurred during the Civil War with many “citizen soldiers” choosing to serve their states instead of the Federal Government.
Obama is angered by the several State Governors who have reestablished “State Defense Forces.” These forces are described as: “State Defense Forces (also known as State Guards, State Military Reserves, State Militias) in the United States are military units that operate under the sole authority of a state government; they are not regulated by the National Guard Bureau nor are they part of the Army National Guard of the United States. State Defense Forces are authorized by state and federal law and are under the command of the governor of each state. State Defense Forces are distinct from their state’s National Guard in that they cannot become federal entities.”
Keep on reading @ thebladereport.com
Look Out Below
Dave in Denver at The Golden Truth - 31 minutes ago
*"I'm Dave In Denver and I approve this blog post"*
Please note: I am completely politically atheistic with regard to who
might have "won" last night's debate, as well as the outcome of the
election. Regardless of who you support, for whatever ridiculous reason,
last night's debate was a god damn embarrassment to our country and a
complete insult to the intelligence of those who understand the extent to
which our country is in a state of collapse.
First off, I want to say that Candy Crowley is grotesquely overweight. All
I could think about during the healthcare part of the scuf... more »
from The Economic Collapse Blog:
Are we on the verge of societal collapse? Many of the greatest
empires throughout world history were not conquered by outside forces.
Rather, they crumbled inwardly as extreme social decay set in. There
have been many that have compared the last days of the Roman Empire to
what America is going through right now. In the decades following World
War II, the United States was the most powerful and the most prosperous
nation on the entire planet, but now things are rapidly changing.
There are literally thousands of signs that our society is collapsing
all around us. All you have to do to see this is turn on a television
or pick up a newspaper. I spend a lot of time discussing our
nightmarish economic and political headaches in this column, but the
truth is that our problems go much deeper than that. Even if a major
miracle happened and we got the “right person” into the White House, the
Federal Reserve was shut down, our 16 trillion dollar national debt was
paid off, our trade deficit went to zero, a solution was found for the quadrillion dollar derivatives bubble and the “too big to fail”
banks were broken up, we would still be facing a national crisis of
unprecedented magnitude. The cold, hard reality of the matter is that
America has become an absolute cesspool of filth and corruption, and the
thin veneer of civilization that we all take for granted is rapidly
disappearing. Until we get our hearts right, there is not much hope for
the future of this once great nation.
Read More @ TheEconomicCollpaseBlog.com
Are we on the verge of societal collapse? Many of the greatest
empires throughout world history were not conquered by outside forces.
Rather, they crumbled inwardly as extreme social decay set in. There
have been many that have compared the last days of the Roman Empire to
what America is going through right now. In the decades following World
War II, the United States was the most powerful and the most prosperous
nation on the entire planet, but now things are rapidly changing.
There are literally thousands of signs that our society is collapsing
all around us. All you have to do to see this is turn on a television
or pick up a newspaper. I spend a lot of time discussing our
nightmarish economic and political headaches in this column, but the
truth is that our problems go much deeper than that. Even if a major
miracle happened and we got the “right person” into the White House, the
Federal Reserve was shut down, our 16 trillion dollar national debt was
paid off, our trade deficit went to zero, a solution was found for the quadrillion dollar derivatives bubble and the “too big to fail”
banks were broken up, we would still be facing a national crisis of
unprecedented magnitude. The cold, hard reality of the matter is that
America has become an absolute cesspool of filth and corruption, and the
thin veneer of civilization that we all take for granted is rapidly
disappearing. Until we get our hearts right, there is not much hope for
the future of this once great nation.Read More @ TheEconomicCollpaseBlog.com
by Mike Adams, Natural News:
The time between today and the day the global debt collapse reaches our shores is finite. The U.S. national debt clock shows a nation spiraling into financial oblivion. When Ron Paul says “Americans should be panicking” over the Fed’s new QE unlimited policy of infinite money creation, he was actually holding back. In reality, Americans should have been protesting in the streets… everywhere!
But instead, they’re going to deny reality, vote in the upcoming election, and pretend that whoever occupies the Oval Office has both the intention and the power to make any real difference. That belief is delusional, as is the belief that the national debt somehow doesn’t really matter.
Read More @ NaturalNews.com
The time between today and the day the global debt collapse reaches our shores is finite. The U.S. national debt clock shows a nation spiraling into financial oblivion. When Ron Paul says “Americans should be panicking” over the Fed’s new QE unlimited policy of infinite money creation, he was actually holding back. In reality, Americans should have been protesting in the streets… everywhere!
But instead, they’re going to deny reality, vote in the upcoming election, and pretend that whoever occupies the Oval Office has both the intention and the power to make any real difference. That belief is delusional, as is the belief that the national debt somehow doesn’t really matter.
Read More @ NaturalNews.com
by Mac Slavo, SHTFPlan:
Today we are fortunate enough to be provided with an economic analysis from an unlikely source. She may not be a trained economist or nutritionist, but given that she knows what our children should be eating for school lunches you better bet she knows what a healthy economy looks like too!
The First Lady joined WPGC ‘s Pablo and Free in Washington D.C. for a radio interview this week and discussed her view that the US economy is well into recovery territory and only getting stronger.
After inheriting one of the worst recessions in history, Mrs. Obama makes it a point to tout her husband’s hand in bringing America back from the brink.
Read More @ SHTFPlan.com
from WallStForMainSt:
Today we are fortunate enough to be provided with an economic analysis from an unlikely source. She may not be a trained economist or nutritionist, but given that she knows what our children should be eating for school lunches you better bet she knows what a healthy economy looks like too!
The First Lady joined WPGC ‘s Pablo and Free in Washington D.C. for a radio interview this week and discussed her view that the US economy is well into recovery territory and only getting stronger.
After inheriting one of the worst recessions in history, Mrs. Obama makes it a point to tout her husband’s hand in bringing America back from the brink.
Read More @ SHTFPlan.com
from WallStForMainSt:
by Michael Krieger, Liberty Blitzkreig:
Published as the cover story in my local paper the Boulder Weekly, Project Censored offers the Top 10 Stories Under-Reported by the Mainstream Media. I love the cover.
Now here is the list with some brief highlights:
1. Signs of an emerging police state
President George W. Bush is remembered largely for his role in curbing civil liberties in the name of his “war on terror.” But it’s President Obama who signed the 2012 NDAA, including its clause allowing for indefinite detention without trial for terrorism suspects.
2. Oceans in peril
3. U.S. deaths from Fukushima
On March 24, 2011, the task of collecting nuclear data had been handed off from the U.S. Nuclear Regulatory Commission to the Nuclear Energy Institute, a nuclear industry lobbying group. And in one study that got little attention, scientists Joseph Mangano and Jeanette Sherman found that in the period following the Fukushima meltdowns, 14,000 more deaths than average were reported in the U.S., mostly among infants. Later, Mangono and Sherman updated the number to 22,000.
Read More @ LibertyBlitzkreig.com
NBC 4 New York has learned that federal authorities have arrested a man they say was plotting to attack the Federal Reserve in New York City. The man is in custody in New York. Sources tell NBC 4 New York that he lives on Long Island. Law enforcement officials stress that the plot was a sting operation monitored by the FBI and NYPD and the public was never at risk.
FBI, NYPD ARREST SUSPECTED TERRORIST IN NYC PLOT
SUSPECTED TERRORIST IN PLOT TO ATTACK FEDERAL RESERVE OF NY
At least all that tungsten gold lying on the Manhattan bedrock is safe and sound and John McClane will not be called out of retirement just yet.
WWIII Alert...
Ten days ago, when we last tracked the progress of the third US aircraft carrier, CVN-74 Stennis, with destination Arabian Gulf, aka Iran, we reported that it was "within a week of reaching" its destination. Sure enough, as the latest Stratfor naval update confirms, CVN-74 has now reached its destination for which it was commissioned several months prematurely. But before you get your war hats out, note that that other aircraft carrier which is conducting its final voyage, the CVN-65 Enterprise, has decided to take a bit of a break and left the Arabian Gulf area for a scehduled R&R port visit in Naples, Italy. In a week or so, shore leave will be over and CVN will be back to join everyone else, at which point the US will finally have three aircraft carriers just off the Iranian coastline ready to rumble.
There is little doubt that asset prices have responded to Central Bank promises and actions. Even as bottom-up fundamentals are fading, top-down index 'nominal prices' rise on the back of magical multiple expansion - which is defended from on high by sell-side strategists the world over on the back of 'recovery' is just around the corner. The trouble is there's a limit and it seems - from QE2 and LTRO - that we are rapidly approaching that limit; and with earnings outlooks being revised lower, perhaps we are at peak P/E for this cycle of QE?
As incredible as it may seem, there is more than just November 6th to worry about for the next three months. We present UBS's summary and relative importance of the main economic events and political dates through the end of the year. Of course, it is dominated by the politics in Europe, US, and China, but key economic data points that are required to maintain multiple expansion hopes are also included.
Even though we have presented comparable scenarios looking at the coverage of the US money base in gold terms previously, aka "gold coverage" ratio, including once from Dylan Grice, and once from David Rosenberg, now that we have drifted into a new, previously unchartered and very much open-ended liquidity tsunami, it is time to revisit the topic. Luckily, Guggenheim's Scott Minerd has done just that. Not only that, but he presents three distinct gold pricing scenario, attempting to forecast a low, medium and high price range for the yellow metal. To wit: "The U.S. gold coverage ratio, which measures the amount of gold on deposit at the Federal Reserve against the total money supply, is currently at an all-time low of 17%. This ratio tends to move dramatically and falls during periods of disinflation or relative price stability. The historical average for the gold coverage ratio is roughly 40%, meaning that the current price of gold would have to more than double to reach the average. The gold coverage ratio has risen above 100% twice during the twentieth century. Were this to happen today, the value of an ounce of gold would exceed $12,000.”
With bellwhether, large- and small-cap firms missing earnings, missing revenues, and lowering outlooks, it is no surprise that the market is near record highs once again - oh wait... IBM anchor-like on an otherwise glorious day in the stock markets...
With
20 days left to the big day and the candidates seemingly in a tighter
race than many expected it seems appropriate to look at how the equity
market is and will be positioned for a potential changing of the guard
if Mitt Romney wins or if incumbent Barack Obama remains in charge.
Credit Suisse has created a comprehensive 'cheat-sheet' outlining key issues for the election for each candidate, the sector impact of an Obama or Romney victory, and the extent to which that impact is already factored into current market prices. Everything you wanted to know about gaming the outcome of the election but were afraid to ask.
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Published as the cover story in my local paper the Boulder Weekly, Project Censored offers the Top 10 Stories Under-Reported by the Mainstream Media. I love the cover.Now here is the list with some brief highlights:
1. Signs of an emerging police state
President George W. Bush is remembered largely for his role in curbing civil liberties in the name of his “war on terror.” But it’s President Obama who signed the 2012 NDAA, including its clause allowing for indefinite detention without trial for terrorism suspects.
2. Oceans in peril
3. U.S. deaths from Fukushima
On March 24, 2011, the task of collecting nuclear data had been handed off from the U.S. Nuclear Regulatory Commission to the Nuclear Energy Institute, a nuclear industry lobbying group. And in one study that got little attention, scientists Joseph Mangano and Jeanette Sherman found that in the period following the Fukushima meltdowns, 14,000 more deaths than average were reported in the U.S., mostly among infants. Later, Mangono and Sherman updated the number to 22,000.
Read More @ LibertyBlitzkreig.com
Feds Arrest Man Plotting Attack On New York Fed
NBC 4 New York has learned that federal authorities have arrested a man they say was plotting to attack the Federal Reserve in New York City. The man is in custody in New York. Sources tell NBC 4 New York that he lives on Long Island. Law enforcement officials stress that the plot was a sting operation monitored by the FBI and NYPD and the public was never at risk.
FBI, NYPD ARREST SUSPECTED TERRORIST IN NYC PLOT
SUSPECTED TERRORIST IN PLOT TO ATTACK FEDERAL RESERVE OF NY
At least all that tungsten gold lying on the Manhattan bedrock is safe and sound and John McClane will not be called out of retirement just yet.
WWIII Alert...
US Aircraft Carrier John Stennis Arrives By Iran
Ten days ago, when we last tracked the progress of the third US aircraft carrier, CVN-74 Stennis, with destination Arabian Gulf, aka Iran, we reported that it was "within a week of reaching" its destination. Sure enough, as the latest Stratfor naval update confirms, CVN-74 has now reached its destination for which it was commissioned several months prematurely. But before you get your war hats out, note that that other aircraft carrier which is conducting its final voyage, the CVN-65 Enterprise, has decided to take a bit of a break and left the Arabian Gulf area for a scehduled R&R port visit in Naples, Italy. In a week or so, shore leave will be over and CVN will be back to join everyone else, at which point the US will finally have three aircraft carriers just off the Iranian coastline ready to rumble.
Peak P/E?
There is little doubt that asset prices have responded to Central Bank promises and actions. Even as bottom-up fundamentals are fading, top-down index 'nominal prices' rise on the back of magical multiple expansion - which is defended from on high by sell-side strategists the world over on the back of 'recovery' is just around the corner. The trouble is there's a limit and it seems - from QE2 and LTRO - that we are rapidly approaching that limit; and with earnings outlooks being revised lower, perhaps we are at peak P/E for this cycle of QE?
The World's Key Dates For The Next Three Months
As incredible as it may seem, there is more than just November 6th to worry about for the next three months. We present UBS's summary and relative importance of the main economic events and political dates through the end of the year. Of course, it is dominated by the politics in Europe, US, and China, but key economic data points that are required to maintain multiple expansion hopes are also included.
Three Scenarios For Gold
Even though we have presented comparable scenarios looking at the coverage of the US money base in gold terms previously, aka "gold coverage" ratio, including once from Dylan Grice, and once from David Rosenberg, now that we have drifted into a new, previously unchartered and very much open-ended liquidity tsunami, it is time to revisit the topic. Luckily, Guggenheim's Scott Minerd has done just that. Not only that, but he presents three distinct gold pricing scenario, attempting to forecast a low, medium and high price range for the yellow metal. To wit: "The U.S. gold coverage ratio, which measures the amount of gold on deposit at the Federal Reserve against the total money supply, is currently at an all-time low of 17%. This ratio tends to move dramatically and falls during periods of disinflation or relative price stability. The historical average for the gold coverage ratio is roughly 40%, meaning that the current price of gold would have to more than double to reach the average. The gold coverage ratio has risen above 100% twice during the twentieth century. Were this to happen today, the value of an ounce of gold would exceed $12,000.”
Eurozone Bank Supervisor Plan Found To be "Illegal"
While we have largely resumed ignoring the non-newsflow out of Europe, as it has reverted back to one made up on the fly lie after another, or just simple rumor and political talking point innuendo in the most recent attempt to get hedge funds starved for yield (and chasing year end performance) to pursue every and any piece of Italian and Spanish debt (at least the until euphoria ends and the selling on fundamentals resumes) the latest development from the FT bears noting as it has major implications for Europe's make it up as you go along "recovery." According to the FT: "A plan to create a single eurozone banking supervisor is illegal, according to a secret legal opinion for EU finance ministers that deals a further blow to a reform deemed vital to solving the bloc’s debt crisis. A paper from the EU Council’s top legal adviser, obtained by the Financial Times, argues the plan goes “beyond the powers” permitted under law to change governance rules at the European Central Bank." The punchline: "The legal service concludes that without altering EU treaties it would be impossible to give a bank supervision board within the ECB any formal decision-making powers as suggested in the blueprint drawn up by the European Commission."Taxpayers To Recover $0 On Solyndra
It will come as no surprise to some but the bankruptcy court hearing for Solyndra just threw up all over any hopes that our taxpayer-funded loans to this solar sinkhole will be recovered:- *SOLYNDRA HAS ABOUT $71 MILLION IN NET DISTRIBUTABLE ASSETS
- *SOLYNDRA LENDERS AHEAD OF GOVERNMENT OWED ABOUT $77 MILLION
Dow -8 Points; Dow Ex-IBM +72 Points
With bellwhether, large- and small-cap firms missing earnings, missing revenues, and lowering outlooks, it is no surprise that the market is near record highs once again - oh wait... IBM anchor-like on an otherwise glorious day in the stock markets...
The Ultimate Presidential Election Guide For Investors
With
20 days left to the big day and the candidates seemingly in a tighter
race than many expected it seems appropriate to look at how the equity
market is and will be positioned for a potential changing of the guard
if Mitt Romney wins or if incumbent Barack Obama remains in charge.
Credit Suisse has created a comprehensive 'cheat-sheet' outlining key issues for the election for each candidate, the sector impact of an Obama or Romney victory, and the extent to which that impact is already factored into current market prices. Everything you wanted to know about gaming the outcome of the election but were afraid to ask.
by Henry Shivley, fromthetrenchesworldreport:
Reality Survival What type of emergency are you preparing for (economic collapse, terrorist attack, Electro-Magnetic Pulse, natural disaster, hyper-inflation, etc)? Nobody knows what exactly the future holds; therefore nobody knows specifically how to prepare. When selecting a weapon, the shotgun seems to prove more versatile than most of the others. This jack of all trades weapon can do all things from put food on the table (bird shot) to defend against hostiles (buck shot) and put down wild predators (slugs).
I won’t attempt to argue that there are better weapons for some specific applications. Many law enforcement agencies across the US have moved away from the shotgun toward AR platforms due to increased accuracy, effective range, greater ammo capacity, lighter weight and reduced recoil. That said the specific mission of a law enforcement carbine is limited to tactical applications (not so great at shooting birds). The shotgun is sufficient for combat engagements greater than 100 yards with slugs and is superior at ranges under 35 yards with Buck shot. The vast majority of tactical engagements one would expect to encounter in an emergency SHTF situation would be within those ranges (beyond that a tactical retreat should be considered if practical).
Read More @ fromthetrenchesworldreport.com
Reality Survival What type of emergency are you preparing for (economic collapse, terrorist attack, Electro-Magnetic Pulse, natural disaster, hyper-inflation, etc)? Nobody knows what exactly the future holds; therefore nobody knows specifically how to prepare. When selecting a weapon, the shotgun seems to prove more versatile than most of the others. This jack of all trades weapon can do all things from put food on the table (bird shot) to defend against hostiles (buck shot) and put down wild predators (slugs).
I won’t attempt to argue that there are better weapons for some specific applications. Many law enforcement agencies across the US have moved away from the shotgun toward AR platforms due to increased accuracy, effective range, greater ammo capacity, lighter weight and reduced recoil. That said the specific mission of a law enforcement carbine is limited to tactical applications (not so great at shooting birds). The shotgun is sufficient for combat engagements greater than 100 yards with slugs and is superior at ranges under 35 yards with Buck shot. The vast majority of tactical engagements one would expect to encounter in an emergency SHTF situation would be within those ranges (beyond that a tactical retreat should be considered if practical).
Read More @ fromthetrenchesworldreport.com
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