The idea that the United States is on the brink of a horrifying
economic crash is absolutely inconceivable to most Americans. After
all, the economy has been relatively stable for quite a few years and
the stock market continues to surge to new heights. On Friday, the Dow
and the S&P 500 both closed at brand new all-time record highs. For
the year, the S&P 500 is now up 9 percent and the Nasdaq is now up
close to 11 percent. And American consumers are getting ready to spend more than 600 billion dollars
this Christmas season. That is an amount of money that is larger than
the entire economy of Sweden. So how in the world can anyone be talking
about economic collapse? Yes, many will concede, we had a few bumps in
the road back in 2008 but things have pretty much gotten back to normal
since then. Why be concerned about economic collapse when there is so
much stability all around us?Unfortunately, this brief period of stability that we have been enjoying is just an illusion.
Read More…
from ZeroHedge:
The Petrodollar, long serving as the US leverage to encourage and
facilitate USD recycling, and a steady reinvestment in US-denominated
assets by the Oil exporting nations, and thus a means to steadily
increase the nominal price of all USD-priced assets, just drove itself
into irrelevance. A consequence of this year’s dramatic drop in oil
prices, the shift is likely to cause global market liquidity to fall. This decline follows years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much
of that money found its way into financial markets, helping to boost
asset prices and keep the cost of borrowing down, through so-called
petrodollar recycling. But no more: “this year the oil producers will effectively import capital amounting to $7.6 billion.
Read More @ ZeroHedge.com
The Petrodollar, long serving as the US leverage to encourage and
facilitate USD recycling, and a steady reinvestment in US-denominated
assets by the Oil exporting nations, and thus a means to steadily
increase the nominal price of all USD-priced assets, just drove itself
into irrelevance. A consequence of this year’s dramatic drop in oil
prices, the shift is likely to cause global market liquidity to fall. This decline follows years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much
of that money found its way into financial markets, helping to boost
asset prices and keep the cost of borrowing down, through so-called
petrodollar recycling. But no more: “this year the oil producers will effectively import capital amounting to $7.6 billion.Read More @ ZeroHedge.com
by Koos Jansen, Bullion Star:
Friday the latest update was published on withdrawals of the Shanghai
Gold Exchange (SGE) and Shanghai International Gold Exchange (SGEI). As
I’ve written last week this number does not exactly equal Chinese gold demand anymore, but for the time being it’s a very accurate benchmark.
Total withdrawals in week 43 (October 20 – 24) accounted for 60 tonnes and year to date the counter has reached 1607 tonnes. How is this gold supplied? The SGE is supplied by imported gold, domestically mined gold and recycled (or scrap) gold. The amount withdrawn from the vaults equals total demand equals total supply equals import + mine + scrap, because once bars leave SGE vaults they are not allowed to return before being remelted and re-assayed again and counted as recycled.
Read More @ BullionStar.com
Friday the latest update was published on withdrawals of the Shanghai
Gold Exchange (SGE) and Shanghai International Gold Exchange (SGEI). As
I’ve written last week this number does not exactly equal Chinese gold demand anymore, but for the time being it’s a very accurate benchmark.Total withdrawals in week 43 (October 20 – 24) accounted for 60 tonnes and year to date the counter has reached 1607 tonnes. How is this gold supplied? The SGE is supplied by imported gold, domestically mined gold and recycled (or scrap) gold. The amount withdrawn from the vaults equals total demand equals total supply equals import + mine + scrap, because once bars leave SGE vaults they are not allowed to return before being remelted and re-assayed again and counted as recycled.
Read More @ BullionStar.com
by Michael Snyder, End of the American Dream:
There has always been a substantial level of incompetence at federal
agencies, but under the Obama administration incompetence has risen to
unprecedented levels. This year the incompetence of the Secret Service,
the Veterans Administration, the Department of Homeland Security and
the CDC have all made national headlines. And it is hard to forget how
the launch of Obamacare was such a failure that it became a global
joke. We live at a time when our government officials can’t seem to do
anything right. When Americans complain about the government, most of
the time they focus on how corrupt and wicked our politicians have
become, and that should not be downplayed whatsoever. But just
replacing those politicians is not going to fix what ails our
government. The quality of the workers throughout the
government bureaucracy has fallen so dramatically that our federal
agencies can no longer be depended upon to perform even the most basic
governmental functions competently. The following are 10 examples of
the extreme incompetence that now pervades the federal government…
Read More…
There has always been a substantial level of incompetence at federal
agencies, but under the Obama administration incompetence has risen to
unprecedented levels. This year the incompetence of the Secret Service,
the Veterans Administration, the Department of Homeland Security and
the CDC have all made national headlines. And it is hard to forget how
the launch of Obamacare was such a failure that it became a global
joke. We live at a time when our government officials can’t seem to do
anything right. When Americans complain about the government, most of
the time they focus on how corrupt and wicked our politicians have
become, and that should not be downplayed whatsoever. But just
replacing those politicians is not going to fix what ails our
government. The quality of the workers throughout the
government bureaucracy has fallen so dramatically that our federal
agencies can no longer be depended upon to perform even the most basic
governmental functions competently. The following are 10 examples of
the extreme incompetence that now pervades the federal government…Read More…
by Peter Cooper, Gold Seek:
The ending of QE3 money printing by the Federal Reserve and the
announcement of QE9 by the Bank of Japan knocked the price of gold and
silver back to levels not seen for four years last week, a logical
reaction if you genuinely think US interest rates are now on the way
back up.
That’s the official position, of course. The US bond market is still saying that this is going to be impossible. America is stuck in a deflationary slump and low interest rates will persist. It is therefore only a matter of time before QE4 to counter this deflation and prevent a debt deflation trap.
Interestingly the commodities’ market agrees with the bond market. Oil prices have fallen as low as $79 a barrel. The US shale producers are closing down capacity and close to bankruptcies. Copper and iron ore prices are on the floor. The Russian ruble and Australian dollar are imploding. Why do you think Japan is doing QE9? This is not a global economic recovery speaking. It’s a slump.
Read More @ GoldSeek.com
The ending of QE3 money printing by the Federal Reserve and the
announcement of QE9 by the Bank of Japan knocked the price of gold and
silver back to levels not seen for four years last week, a logical
reaction if you genuinely think US interest rates are now on the way
back up.That’s the official position, of course. The US bond market is still saying that this is going to be impossible. America is stuck in a deflationary slump and low interest rates will persist. It is therefore only a matter of time before QE4 to counter this deflation and prevent a debt deflation trap.
Interestingly the commodities’ market agrees with the bond market. Oil prices have fallen as low as $79 a barrel. The US shale producers are closing down capacity and close to bankruptcies. Copper and iron ore prices are on the floor. The Russian ruble and Australian dollar are imploding. Why do you think Japan is doing QE9? This is not a global economic recovery speaking. It’s a slump.
Read More @ GoldSeek.com
by Dave Kranzler, Investment Research Dynamics:
1.4 MILLION silver eagles were bought by investors in the last two days of October, setting a new one-month sales record
(real analysts do not count January 2013′s 7+ million tally because the
Mint suspended sales in early December 2012, effectively pushing
December’s demand into January). 5,790,000 silver eagles were snapped
up (LINK). This was 88% more than October 2013. 38% more gold eagles were sold in October than in October 2013.
Contrary to the false narrative being spread by the financial media, the manipulated sell-off in the precious metals using fiat paper futures is triggering record investment demand for physical gold and silver. In chatting with some coin dealers around Denver this past week, they all said that there were having trouble keeping silver eagles in stock.
Read More @ Investmentresearchdynamics.com
1.4 MILLION silver eagles were bought by investors in the last two days of October, setting a new one-month sales record
(real analysts do not count January 2013′s 7+ million tally because the
Mint suspended sales in early December 2012, effectively pushing
December’s demand into January). 5,790,000 silver eagles were snapped
up (LINK). This was 88% more than October 2013. 38% more gold eagles were sold in October than in October 2013.Contrary to the false narrative being spread by the financial media, the manipulated sell-off in the precious metals using fiat paper futures is triggering record investment demand for physical gold and silver. In chatting with some coin dealers around Denver this past week, they all said that there were having trouble keeping silver eagles in stock.
Read More @ Investmentresearchdynamics.com
Most Transparent Administration Ever? Ferguson No-Fly Zone Was "To Keep The Media Out"
Submitted by Tyler Durden on 11/03/2014 - 19:06 Three months ago when we questioned the FAA's decision to issue a no-fly zone over Ferguson "to provide a safe environment for law enforcement activities" because TV crews recording every incident put "law enforcement" in jeopardy? We were scoffed at by the usual suspects as conspiracy wonks who need to get out of our mom's basement. Sadly - for America and its citizenry - we have once again been proved 100% correct as yet another conspiracy theory becomes fact. As AP reports, audio recordings show that local authorities privately acknowledged the purpose was to keep away news helicopters during violent street protests. "They finally admitted it really was to keep the media out," said one FAA manager about the St. Louis County Police in a series of recorded telephone conversations obtained by AP.
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