Because while to ConEd, the bulk of New York south of 34th Street can operate without electricity for days, the stock exchange must.be.online.or.else.the.terrorists.win:
- NYSE TO OPEN FOR NORMAL TRADING OPERATIONS ON WEDNESDAY
- NASDAQ STOCK MARKET, OTHER NASDAQ OMX-OWNED EXCHANGES OPEN WED
by David Schectman, MilesFranklin.com:
Last week gold and silver had to withstand the usual bullion bank
assault that occurs during option expiration on the Comex. The largest
concentration of open strikes was at $1,700 for gold and $32 for silver.
Although they managed to knock gold below $1,700 for a brief period,
it closed on Friday at $1,711.10 and silver held at $32.09. There are
only three settlement days left in October and we expect resistance at
$1,725.
Technically speaking, gold has formed a “teacup with handle” formation and that is a very bullish formation. We are now in the process of developing the “handle” and the next major move should be up. The last time we had this particular formation was in 2008 and gold shot up dramatically from that point forward.
There is much written about the destructive monetary policies of the Federal Reserve and their policy of QE to Infinity. But how many of you know that the issues we face today were predicted long ago by famed Austrian economist Ludwig von Mises (1881-1973)?
Read More @ MilesFranklin.com
Last week gold and silver had to withstand the usual bullion bank
assault that occurs during option expiration on the Comex. The largest
concentration of open strikes was at $1,700 for gold and $32 for silver.
Although they managed to knock gold below $1,700 for a brief period,
it closed on Friday at $1,711.10 and silver held at $32.09. There are
only three settlement days left in October and we expect resistance at
$1,725.Technically speaking, gold has formed a “teacup with handle” formation and that is a very bullish formation. We are now in the process of developing the “handle” and the next major move should be up. The last time we had this particular formation was in 2008 and gold shot up dramatically from that point forward.
There is much written about the destructive monetary policies of the Federal Reserve and their policy of QE to Infinity. But how many of you know that the issues we face today were predicted long ago by famed Austrian economist Ludwig von Mises (1881-1973)?
Read More @ MilesFranklin.com
from Testosterone Pit.com:
On October 24, a French appeals court threw the book at former junior trader Jérôme Kerviel who, in 2008, had been hung out to dry by his employer, French mega-bank Société Générale, for having—so alleged the bank—blown €4.9 billion of its money in just about no time. He’d risked up to €50 billion with trades the Banking Commission later called “simple,” far beyond his limit of €125 million. Kerviel never denied that. And he’d done so without its knowledge, the bank alleged, using trick and device to conceal these gigantic trades for years. The crux of the case. And a lie, according to Kerviel.
The French mainstream media have been solidly on the side of the bank on which they depend for funding, and which they can’t afford to antagonize. So they gloated when the court affirmed the 2010 conviction: a five-year prison sentence—three in the hoosegow and two suspended—and €4.9 billion in damages. But now, Kerviel and his lawyer, Me David Koubbi, showed up on France 2 TV and lambasted the proceedings that had been rigged, they claimed, from the outset.
Read More @ TestosteronePit.com
On October 24, a French appeals court threw the book at former junior trader Jérôme Kerviel who, in 2008, had been hung out to dry by his employer, French mega-bank Société Générale, for having—so alleged the bank—blown €4.9 billion of its money in just about no time. He’d risked up to €50 billion with trades the Banking Commission later called “simple,” far beyond his limit of €125 million. Kerviel never denied that. And he’d done so without its knowledge, the bank alleged, using trick and device to conceal these gigantic trades for years. The crux of the case. And a lie, according to Kerviel.
The French mainstream media have been solidly on the side of the bank on which they depend for funding, and which they can’t afford to antagonize. So they gloated when the court affirmed the 2010 conviction: a five-year prison sentence—three in the hoosegow and two suspended—and €4.9 billion in damages. But now, Kerviel and his lawyer, Me David Koubbi, showed up on France 2 TV and lambasted the proceedings that had been rigged, they claimed, from the outset.
Read More @ TestosteronePit.com
EURUSD Roller-Coaster Continues As Greek Bonds Slide
European
stocks popped at the open and then generally trod water for the rest
of the day. The initial liquid-driven surge had no follow through and
in fact European sovereigns bled wider most of the day - with Greek govvies now down almost 10% (in price) in the last week.
Credit markets re-racked along with stocks - with XOver outperforming
and Main (investment grade) underperforming (along with financials).
The story of the day was yet another 100pip-or-so rampapalooza in EURUSD - the 3rd in 5 days - as we noted earlier,
when everything else is shut, EUR is simplest lever to drive markets
higher given the correlations (and no Treasury police to keep things
under control). Despite today's push, Spain's IBEX remains -0.5% on the
week (as its peers are all up around 0.5%) and Italy and Spain bond spreads are up around 15bps on the week.
So with EUR up around 0.22% vs USD on the week and fulcrum securities
from Spain down, take your pick on where risk is being flushed.Oh (Ramping) Canada, Again...
Canada's
TSX is now up over 1% from its pre-vertical ramp yesterday afternoon
as it is now extremely clear, to all those who take the time to
consider why, that as central bank liquidity provision must flow
somewhere, so the algos latch on and follow the momentum. We have
just had what will likely be the most costly US disaster in history,
earnings are anything but robust, BoJ's QE9 failed instantly last night,
Greek Government Bonds are fading (now off almost 10% from recent
highs) as deals look set to be voted down, and European sovereign bonds
are leaking wider; and so - with US equities shut, that PBOC/BoJ liquidity must flow somewhere and the closest proxy is our Canadian brethren. TSX
current price implies S&P futures around 1425 and S&P cash at
around 1430 - back to Bernanke's starting point for QEtc. We
suspect this is just auctioning up to previous resistance but USD
weakness is helping modestly (even as commodities slide lower) but of
course it is just as likely to be all about slamming the European close.Your support is needed...
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Greek Ruling Coalition Collapses Days Ahead Of Critical Vote
If one is curious why the EURUSD has been ramping as if no one will ever sell one more euro ever again, the reason is simple: the BIS is desperate to mask the fact that the fragile Greek coalition, whose creation sent Europe to the edge back in June during the Greek re-elections that just barely avoided a Grexit, has just crumbled. And with an illiquid market, the reflexive argument always is a simple one: if someone is buying, the news must be good, so dear momo-chasers - buy along. Only the news isn't good, and in a centrally-planned world, the only buyer left are central banks, who are now solely political, and not market, forces. What the news really is, is that with Greece poised to vote on critical labor reforms (read more layoffs) next week, which must be passed in Parliament with a majority vote in order to get the next Troika bailout tranche, the Samaras-led coalition just lost one of its three members, after the Democratic Left announced it would take its 16 votes and vote against any further austerity. In doing so it has effectively joined Syriza and any other anti-bailout powers, and has made certain that yet another Greek election is imminent, one which will finally see the rise of the "anti-memorandum" forces on top, and finally launch the 3 year overdue departure of the Greek ferryboat from the monetary landmass, with even more dire consequences for the USS EURtanic.Who knows... YOU could be next...
… and if you question it, you are “a horrible moron,” concludes Peter T. King, Chair of the House Committee on Homeland Security.
This 2-minute video from We Are Change Luke Rudkowski powerfully captures what US “leadership” has become. The good news is their arrogance and evasion is only tragic-comic sideshows to the “emperor has no clothes” obvious facts of their massive crimes centering in war and money.
By John Mauldin, The Market Oracle:
“As
far as the laws of mathematics refer to reality, they are not certain;
and as far as they are certain, they do not refer to reality.” – Albert
Einstein“To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown – the first instinct is to eliminate these distressing states. First principle: any explanation is better than none… The cause-creating drive is thus conditioned and excited by the feeling of fear …”– Friedrich Nietzsche
“Very few beings really seek knowledge in this world. Mortal or immortal, few really ask. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds – justifications, confirmations, forms of consolation without which they can’t go on. To really ask is to open the door to the whirlwind. The answer may annihilate the question and the questioner.” – Anne Rice, The Vampire Lestat
The last two weeks we have been looking at the problems with models. First we touched on what I called the Economic Singularity. In physics a singularity is where the mathematical models no longer work. For example, models based on the physics of relativity no longer work if one gets too close to a black hole. If we think of too much debt as a black hole of sorts, we may understand why economic models no longer work. Last week, in “The Perils of Fiscal Cliff,” we looked at the use of fiscal multipliers by economists in order to argue for or against governmental economic policies. Do you argue for austerity, or against it? There is a model that will support your case, most likely using the same data that your adversary uses.
Read More @ TheMarketOracle.co.uk
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Consumption in China, the world’s second largest user, could climb to record 7,700 metric tonnes next year.
by Shivom Seth, MineWeb.com
Investors in China are seeking out silver as an alternative value
investment with the economy cooling for a seventh quarter. Research from
Beijing Antaike notes that demand for silver is set to jump as much as
10% in 2013, with investors seeking to preserve their wealth.
Consumption may climb to 7,700 metric tonnes after gaining 6-8% in 2012, Shi Heqing, an analyst at Beijing Antaike, told Bloomberg recently. Even for China, this would be a record level. China is the world’s second biggest user of the metal.
Silver soared 15% and holdings by exchange traded funds jumped 6.5% in 2012. The research firm said demand for silver is coming from jewellery and coins, which accounts for 33% of demand, and electrical appliances and solar panels.
Read More @ MineWeb.com
by Shivom Seth, MineWeb.com
Investors in China are seeking out silver as an alternative value
investment with the economy cooling for a seventh quarter. Research from
Beijing Antaike notes that demand for silver is set to jump as much as
10% in 2013, with investors seeking to preserve their wealth.Consumption may climb to 7,700 metric tonnes after gaining 6-8% in 2012, Shi Heqing, an analyst at Beijing Antaike, told Bloomberg recently. Even for China, this would be a record level. China is the world’s second biggest user of the metal.
Silver soared 15% and holdings by exchange traded funds jumped 6.5% in 2012. The research firm said demand for silver is coming from jewellery and coins, which accounts for 33% of demand, and electrical appliances and solar panels.
Read More @ MineWeb.com
by Ethan A. Huff, Natural News:
Just in time for the upcoming closing of the litigatory window for such cases, the U.S. Department of Justice (DOJ) has filed a new lawsuit against Bank of America
(BofA) alleging that the banking giant fraudulently dumped billions of
dollars’ worth of bad mortgages into the taxpayer-backed mortgage groups
Fannie Mae and Freddie Mac during the early stages of the economic
crisis.
According to CNN Money, the DOJ is seeking $1 billion in damages from BofA for making Fannie and Freddie the targets of “the Hustle,” a corrupt program allegedly launched by the bank to “process loans at high speed … without quality checkpoints,” which in turn “generated thousands of fraudulent and otherwise defective residential mortgage loans.”
The government has for years been trying to get major banks like BofA to buy back these shoddy mortgage securities, which ultimately led to a government takeover of both Fannie Mae and Freddie Mac back in 2008, but such efforts have been slow and somewhat unsuccessful. Meanwhile, taxpayers have repeatedly footed the bill not only for BofA’s reckless loan-dumping spree, but also for the government-initiated bailout of BofA, which awarded the company with at least $45 billion in taxpayer funds.
Read More @ NaturalNews.com
Just in time for the upcoming closing of the litigatory window for such cases, the U.S. Department of Justice (DOJ) has filed a new lawsuit against Bank of America
(BofA) alleging that the banking giant fraudulently dumped billions of
dollars’ worth of bad mortgages into the taxpayer-backed mortgage groups
Fannie Mae and Freddie Mac during the early stages of the economic
crisis.According to CNN Money, the DOJ is seeking $1 billion in damages from BofA for making Fannie and Freddie the targets of “the Hustle,” a corrupt program allegedly launched by the bank to “process loans at high speed … without quality checkpoints,” which in turn “generated thousands of fraudulent and otherwise defective residential mortgage loans.”
The government has for years been trying to get major banks like BofA to buy back these shoddy mortgage securities, which ultimately led to a government takeover of both Fannie Mae and Freddie Mac back in 2008, but such efforts have been slow and somewhat unsuccessful. Meanwhile, taxpayers have repeatedly footed the bill not only for BofA’s reckless loan-dumping spree, but also for the government-initiated bailout of BofA, which awarded the company with at least $45 billion in taxpayer funds.
Read More @ NaturalNews.com
by Mike Shedlock, Global Economic Analysis:
The good news for New York City is the storm crest has peaked. The bad
news is the cleanup will take days, or longer, and much is the city is
blacked-out.
Please consider Hurricane Sandy’s Waters Flood Blacked-Out New York City.
The good news for New York City is the storm crest has peaked. The bad
news is the cleanup will take days, or longer, and much is the city is
blacked-out.Please consider Hurricane Sandy’s Waters Flood Blacked-Out New York City.
Hurricane Sandy sent
floodwater gushing into New York’s five boroughs, submerging cars,
tunnels and the subway system and plunging skyscrapers and neighborhoods
into darkness. Two deaths were reported in Queens and more than 670,000
were without power in the region as of 11:30 p.m. local time yesterday,
according to Consolidated Edison Inc.
Read More @ GlobalEconomicAnalysis.blogspot.com
by Charles Hugh Smith, ChrisMartensondotcom :
Expect destructive feedback loops
With
the US elections approaching next week, as well as the threat of
another fiscal cliff showdown looming, we asked contributing editor
Charles Hugh Smith to revisit his earlier work on how
the expansive Central State has come to dominate both private society
(i.e., the community) and the marketplace, to the detriment of the
nation’s social and economic stability. In this updated installment, we
will examine six critical dynamics that lead to the devolution of Peak
Government.
Massive Borrowing
In a misguided attempt to maintain an unsustainable Status Quo, the Federal government is borrowing unprecedented amounts of money that then must be serviced. And the Federal Reserve is expanding its balance sheet by trillions of dollars (“printing money”) and intervening in stock, bond, and other markets for the purposes of managing perception (“the recovery is here!”)
Read More @ PeakProsperity.com
from CNBC:
Expect destructive feedback loops
With
the US elections approaching next week, as well as the threat of
another fiscal cliff showdown looming, we asked contributing editor
Charles Hugh Smith to revisit his earlier work on how
the expansive Central State has come to dominate both private society
(i.e., the community) and the marketplace, to the detriment of the
nation’s social and economic stability. In this updated installment, we
will examine six critical dynamics that lead to the devolution of Peak
Government.Massive Borrowing
In a misguided attempt to maintain an unsustainable Status Quo, the Federal government is borrowing unprecedented amounts of money that then must be serviced. And the Federal Reserve is expanding its balance sheet by trillions of dollars (“printing money”) and intervening in stock, bond, and other markets for the purposes of managing perception (“the recovery is here!”)
Read More @ PeakProsperity.com
from CNBC:
by Ed Steer, Casey Research:
It was pretty quiet during Far East trading on their Monday. The high
of the day was in shortly after 2:00 p.m. Hong Kong time…about fifty
minutes before the London open…and it was all down hill until fifteen
minutes after the Comex open in New York.
The subsequent rally got capped…and then got sold off once the London p.m. gold fix was in at 3:00 p.m. BST…10:00 a.m. in New York..
Gold closed at $1,709.80 spot…down $1.30 from Friday…and volume was anemic at 60,000 contracts, as most traders stayed home in advance of mega-hurricane Sandy.
Read More @ CaseyResearch.com
It was pretty quiet during Far East trading on their Monday. The high
of the day was in shortly after 2:00 p.m. Hong Kong time…about fifty
minutes before the London open…and it was all down hill until fifteen
minutes after the Comex open in New York.The subsequent rally got capped…and then got sold off once the London p.m. gold fix was in at 3:00 p.m. BST…10:00 a.m. in New York..
Gold closed at $1,709.80 spot…down $1.30 from Friday…and volume was anemic at 60,000 contracts, as most traders stayed home in advance of mega-hurricane Sandy.
Read More @ CaseyResearch.com
This is part two of a two part transcript that’s over 5000 words.
By Rob Kall, Op Ed News:
Rob Kall:
Okay, so there were definitely problems. How do you see the big
picture evolving then, with resistance, with civil disobedience? What
are the next steps?
Chris Hedges: Well, it’s the Ruling Class that determines the parameters of rebellion. And I’ve covered movements all over the world. I’ve covered the revolutions in Eastern Europe, I covered both of the Palestinian uprisings, the Intifadas, I covered the street demonstrations that brought down Slobodan Milosevic, I’ve of course covered the collapse of Yugoslavia itself. And when the ruling elite cannot respond rationally, i.e. institute mechanisms to mitigate the despair, and anger, and frustration that has been visited on the population, then there is always a backlash, but no one, not even the purported leaders of movements, have any idea, number one, what will set it off, and [two] what it will look like. But that “something” is coming, I have no doubt, especially having spent the last two years in the poorest pockets of the United States. And I just want to throw in, that the reason I did it with Joe Sacco, and fifty pages of the book are illustrated with drawings and comic panels that outlined people’s lives, give them a kind of filmic quality, is because these people are invisible, and these Sacrifice Zones are invisible, the Corporate Media, especially the airwaves, just virtually don’t cover it at all. You know, things are only getting worse. The fact that Congress refused to extend unemployment benefits means that hundreds of thousands of Americans are going to be thrust into destitution, and tens of thousands of those people are going to lose their homes.
CLICK HERE FOR PART 1
Read More @ OpedNews.com
By Rob Kall, Op Ed News:
Rob Kall:
Okay, so there were definitely problems. How do you see the big
picture evolving then, with resistance, with civil disobedience? What
are the next steps?Chris Hedges: Well, it’s the Ruling Class that determines the parameters of rebellion. And I’ve covered movements all over the world. I’ve covered the revolutions in Eastern Europe, I covered both of the Palestinian uprisings, the Intifadas, I covered the street demonstrations that brought down Slobodan Milosevic, I’ve of course covered the collapse of Yugoslavia itself. And when the ruling elite cannot respond rationally, i.e. institute mechanisms to mitigate the despair, and anger, and frustration that has been visited on the population, then there is always a backlash, but no one, not even the purported leaders of movements, have any idea, number one, what will set it off, and [two] what it will look like. But that “something” is coming, I have no doubt, especially having spent the last two years in the poorest pockets of the United States. And I just want to throw in, that the reason I did it with Joe Sacco, and fifty pages of the book are illustrated with drawings and comic panels that outlined people’s lives, give them a kind of filmic quality, is because these people are invisible, and these Sacrifice Zones are invisible, the Corporate Media, especially the airwaves, just virtually don’t cover it at all. You know, things are only getting worse. The fact that Congress refused to extend unemployment benefits means that hundreds of thousands of Americans are going to be thrust into destitution, and tens of thousands of those people are going to lose their homes.
CLICK HERE FOR PART 1
Read More @ OpedNews.com
by Dr. Jeffrey Lewis, Silver Seek:
The real value of the Commitment of Traders or COT Report for silver traders, (as Ted Butler, GATA,
and others have been pointing out for years) lies in revealing the
marked concentration of short silver futures positions held by the major
bullion banks, who are classed as commercial traders.
Some observers predict that the Commodities Futures Trading Commission or CFTC will eventually simply hide this data or even change the classification like they have done in the past.
The real value of the Commitment of Traders or COT Report for silver traders, (as Ted Butler, GATA,
and others have been pointing out for years) lies in revealing the
marked concentration of short silver futures positions held by the major
bullion banks, who are classed as commercial traders. Some observers predict that the Commodities Futures Trading Commission or CFTC will eventually simply hide this data or even change the classification like they have done in the past.
Of course, this would probably only serve to destroy confidence in the silver futures market once and for all.
The Issues For Silver Longs
For the long holder, the concentration of shorts is the main issue, and not simply:
Read More @ SilverSeek.com
by Dr. Ron Paul, The Daily Bell:
French businessman and economist Jean-Baptiste Say
is credited with identifying the fundamental economic principle that
aggregate demand for goods in an economy will equal the aggregate supply
of goods when markets are permitted to operate. Or in Say’s words,
“products are paid for with products.”
English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward an “equilibrium price” which eventually balances supply and demand for any particular good. Thus markets will clear themselves of any surpluses or shortages in the form of excess supply and demand.
Read More @ TheDailyBell.com
French businessman and economist Jean-Baptiste Say
is credited with identifying the fundamental economic principle that
aggregate demand for goods in an economy will equal the aggregate supply
of goods when markets are permitted to operate. Or in Say’s words,
“products are paid for with products.”English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward an “equilibrium price” which eventually balances supply and demand for any particular good. Thus markets will clear themselves of any surpluses or shortages in the form of excess supply and demand.
Read More @ TheDailyBell.com
from Zero Hedge:
As everyone who has been to New York City knows, without its underground arteries – the subway system -
the city is if not dead, than certainly in an indefinite coma. By that
logic, New York will not get out of the critical ward for many days,
because hours ago the head of the New York City’s transit system just
called Hurricane Sandy “the most devastating event to the city’s subway system ever.”
At last check seven subway tunnels under the East River had flooded,
as did the Queens Midtown Tunnel—and Metropolitan Transit Authority
chairman Joseph Lhota said there is “no firm timeline” for when the
system would be back up and running. According to other MTA employees it would take between 14 hours and 4 days just to pump the water out of the subway system.
We’ll take the over. And as long as there are no subways, there are no
clerical and support workers, there is no Wall Street, there is no
beating heart to the city.
Read More @ Zero Hedge.com
As everyone who has been to New York City knows, without its underground arteries – the subway system -
the city is if not dead, than certainly in an indefinite coma. By that
logic, New York will not get out of the critical ward for many days,
because hours ago the head of the New York City’s transit system just
called Hurricane Sandy “the most devastating event to the city’s subway system ever.”
At last check seven subway tunnels under the East River had flooded,
as did the Queens Midtown Tunnel—and Metropolitan Transit Authority
chairman Joseph Lhota said there is “no firm timeline” for when the
system would be back up and running. According to other MTA employees it would take between 14 hours and 4 days just to pump the water out of the subway system.
We’ll take the over. And as long as there are no subways, there are no
clerical and support workers, there is no Wall Street, there is no
beating heart to the city.Read More @ Zero Hedge.com
from Bloomberg:
German unemployment
rose twice as much as economists forecast in October and the jobless
rate increased for the first time in three years as the sovereign debt
crisis damped economic growth and investment.
The number of people out of work climbed a seasonally adjusted 20,000 from September to 2.94 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 10,000, the median of 31 estimates in a Bloomberg News survey shows. The adjusted jobless rate rose from a two-decade low of 6.8 percent in August to a revised 6.9 percent in September and held there in October, the agency said.
The German economy may contract in the fourth quarter as slowing global growth and Europe’s debt crisis crimp demand for its exports, the Bundesbank said last week. Business confidence has dropped to a 2 1/2 year low. At the same time, the relatively robust labor market has boosted consumer sentiment, and financial markets have rallied since the European Central Bank pledged to do whatever it takes to preserve the euro.
Read More @ Bloomberg.com
German unemployment
rose twice as much as economists forecast in October and the jobless
rate increased for the first time in three years as the sovereign debt
crisis damped economic growth and investment. The number of people out of work climbed a seasonally adjusted 20,000 from September to 2.94 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 10,000, the median of 31 estimates in a Bloomberg News survey shows. The adjusted jobless rate rose from a two-decade low of 6.8 percent in August to a revised 6.9 percent in September and held there in October, the agency said.
The German economy may contract in the fourth quarter as slowing global growth and Europe’s debt crisis crimp demand for its exports, the Bundesbank said last week. Business confidence has dropped to a 2 1/2 year low. At the same time, the relatively robust labor market has boosted consumer sentiment, and financial markets have rallied since the European Central Bank pledged to do whatever it takes to preserve the euro.
Read More @ Bloomberg.com
Noam Chomsky on U.S.-Fueled Dangers, From Climate Change to Nuclear Weapons
by Amy Goodman, Truth-Out:
AMY GOODMAN: We’re on the road in Portland, Oregon. We are here as part of our 100-city Silenced Majority tour. On this week when President Obama and Republican presidential hopeful Mitt Romney debated issues of foreign policy and the economy, we turn to world-renowned political dissident, linguist, author, MIT Professor Noam Chomsky. In a recent speech, Professor Chomsky examined topics largely ignored or glossed over during the campaign, from China to the Arab Spring, to global warming and the nuclear threat posed by Israel versus Iran. He spoke last month at the University of Massachusetts in Amherst at any event sponsored by the Center for Popular Economics. His talk was entitled “Who Owns the World?”
Read More @ Truth-Out.org
While
every talking-head that is not bailing out their Westchester McMansion
is claiming that AAPL's firing of its iOS and Retail division heads is
somehow a bullish thing, European traders in AAPL disagree.
Given where the European composite price for AAPL (via Deutsche
Bourse) is trading, it would appear AAPL is back back under $600 -
quick, we need another narrative for why stocks will open up tomorrow!
Your support is needed...
Thank You
I'm PayPal Verified
by Amy Goodman, Truth-Out:
AMY GOODMAN: We’re on the road in Portland, Oregon. We are here as part of our 100-city Silenced Majority tour. On this week when President Obama and Republican presidential hopeful Mitt Romney debated issues of foreign policy and the economy, we turn to world-renowned political dissident, linguist, author, MIT Professor Noam Chomsky. In a recent speech, Professor Chomsky examined topics largely ignored or glossed over during the campaign, from China to the Arab Spring, to global warming and the nuclear threat posed by Israel versus Iran. He spoke last month at the University of Massachusetts in Amherst at any event sponsored by the Center for Popular Economics. His talk was entitled “Who Owns the World?”
Read More @ Truth-Out.org
No Joy In Cupertino: Europe Implies Sub-$600 AAPL After Firings
While
every talking-head that is not bailing out their Westchester McMansion
is claiming that AAPL's firing of its iOS and Retail division heads is
somehow a bullish thing, European traders in AAPL disagree.
Given where the European composite price for AAPL (via Deutsche
Bourse) is trading, it would appear AAPL is back back under $600 -
quick, we need another narrative for why stocks will open up tomorrow!
from KingWorldNews:
Today John Embry told King World News, “I firmly believe that if you
look at all of the Western central banks, and the gold they allegedly
own, I believe a significant portion of that is not in their vaults.”
Embry also stated, “So they can say all they want, but in the end the
truth will be revealed by the lack of physical gold in the market as
they run out of enough gold to keep the price under control.” Embry
also predicted, “The revelation of this central bank conspiracy will make the Libor scandal pale in comparison.”
But first, here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say about missing central bank gold: “Well I’m glad that some light is being shed on this publicly. This has been a contention of the Gold Anti-Trust Action Committee for years, that a lot of the central bank gold is not in the vaults. Gold ownership has changed hands as it’s been swapped, leased and what have you. I think this is very important that this is coming to light.”
“But on the other hand, you see some unbelievably stupid comments from people that should know better. I mean CNBC senior editor, John Carney, when this all broke stated that ‘It doesn’t matter whether Germany’s gold exists, provided that everybody just pretends and acts as if it does exist.’
John Embry continues @ KingWorldNews.com
Today John Embry told King World News, “I firmly believe that if you
look at all of the Western central banks, and the gold they allegedly
own, I believe a significant portion of that is not in their vaults.”
Embry also stated, “So they can say all they want, but in the end the
truth will be revealed by the lack of physical gold in the market as
they run out of enough gold to keep the price under control.” Embry
also predicted, “The revelation of this central bank conspiracy will make the Libor scandal pale in comparison.”But first, here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say about missing central bank gold: “Well I’m glad that some light is being shed on this publicly. This has been a contention of the Gold Anti-Trust Action Committee for years, that a lot of the central bank gold is not in the vaults. Gold ownership has changed hands as it’s been swapped, leased and what have you. I think this is very important that this is coming to light.”
“But on the other hand, you see some unbelievably stupid comments from people that should know better. I mean CNBC senior editor, John Carney, when this all broke stated that ‘It doesn’t matter whether Germany’s gold exists, provided that everybody just pretends and acts as if it does exist.’
John Embry continues @ KingWorldNews.com
by Jeff Starck, Coin World:
What is regarded as one of the largest Roman gold coin hoards ever
found in the United Kingdom was discovered in early October.
The hoard of 159 late Roman gold solidus coins, found by an anonymous metal detectorist on private land in the north of the district of St. Albans in Hertfordshire, was announced Oct. 16 by local officials.
While larger hoards have been discovered in the United Kingdom, those have been composed predominantly of bronze or silver coins, or sometimes both, with few if any gold coins included.
The hoard dates toward the end of Roman rule in Britain. It comprises predominantly coins of Roman emperor Honorius (A.D. 395 to 423) and his brother Arcadius (395 to 408), a Byzantine ruler, but at least three other rulers are represented, including Theodosius, the two brothers’ father. All but one of the coins are in Extremely Fine condition.
Read More @ coinworld.com
What is regarded as one of the largest Roman gold coin hoards ever
found in the United Kingdom was discovered in early October.The hoard of 159 late Roman gold solidus coins, found by an anonymous metal detectorist on private land in the north of the district of St. Albans in Hertfordshire, was announced Oct. 16 by local officials.
While larger hoards have been discovered in the United Kingdom, those have been composed predominantly of bronze or silver coins, or sometimes both, with few if any gold coins included.
The hoard dates toward the end of Roman rule in Britain. It comprises predominantly coins of Roman emperor Honorius (A.D. 395 to 423) and his brother Arcadius (395 to 408), a Byzantine ruler, but at least three other rulers are represented, including Theodosius, the two brothers’ father. All but one of the coins are in Extremely Fine condition.
Read More @ coinworld.com
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