Wednesday, January 7, 2015

10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW

by Michael Snyder, The Economic Collapse Blog:
If you do not believe that we are heading directly toward another major financial crisis, you need to read this article.  So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes.  History literally appears to be repeating, but most Americans seem absolutely oblivious to what is going on.  The mainstream media and our politicians are promising them that everything is going to be okay somehow, and that seems to be good enough for most people.  But the signs that another massive financial crisis is on the horizon are everywhere.  All you have to do is open up your eyes and look at them.
Read More…

CME Group Announces the Launch of Physically Delivered Gold Kilo Futures

from PR Newswire:
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of physically delivered Gold Kilo Futures contracts (contract code GCK) to begin trading on January 26, 2015, pending all regulatory review periods.
This new contract, which will be listed on COMEX, builds on CME Group’s existing suite of precious metals products, and will have contract listings similar to the familiar structure of the benchmark 100 troy ounce Gold Futures contract (GC) listed on COMEX. It will be tied directly to 9999 gold prices in Hong Kong and be physically-delivered in Hong Kong to provide access to round-the-clock price discovery for the Asian gold market. Being listed on COMEX ensures customers will be able to take advantage of deep margin offsets against other benchmark COMEX products and the entire suite of CME Group products.
Read More @ PRNewswire.com

Are Central Planners Finally Losing Control Of Gold, Silver & Other Major Markets?

from KingWorldNews:
James Turk: “As we start 2015, Eric, the key theme for the year ahead will continue to be the financial repression that central planners are wreaking on markets worldwide. However, there is an important question that remains unanswered and is one that cannot be predicted: Will the central planners begin to lose their grip in the coming months? A loss of control is plausible for many reasons. First and foremost, the credibility of central planners is on the wane….
“For example, over here in London this headline appeared two days ago: ‘Economists skeptical ECB bond-buying would revive eurozone.’ It is rare for economists working for mainstream financial institutions to be skeptical of any policy or action coming from central planners. But we see the same skepticism taking hold in the US.
James Turk Continues @ KingWorldNews.com

EXCLUSIVE: World’s First 3D-Printed Gun Machine Will Be Unveiled at ‘Come and Take It’ Launch in Texas

from 21st Century Wire:
For Constitutionalists and 2nd Amendment advocates, 3-D Printing just got really interesting.
Next week, on January 13th, Come and Take it Texas (CATITX), one of the biggest and most forward-thinking guns rights advocates in the US, will be conducting a 2nd Amendment public demonstration the footsteps of the Austin, Texas Capitol building, showcasing the Ghost Gunner CNC machine.
The Ghost Gunner machine is a non-profit open source hardware effort developed by Defense Distributed, the company behind the world’s first ever 3D-printed gun named, the ‘Liberator Pistol’ and brainchild of Texas-based entrepreneur, Cody Wilson. The R & D and Wilson’s 1.0 version of the machine was also funded with Bitcoin.
Read More @ 21stCenturyWire.com

Russia Sanctions Stir Up Top-Level Mini-Revolt in Europe

from Wolf Street:
In Europe, fears continue to grow over the potential consequences of the EU’s decision to double down on sanctions against Russia. Concerns have been brewing for some time, but it has finally dawned on some European leaders that completely alienating the EU’s largest neighbor and vital trading partner may not be in Europe’s long term interest. And these private fears are now being voiced in public.
During the run up to Christmas the Chancellor of Austria, Werner Faymann, cautioned against pushing the Russian economy towards collapse. “I cannot approve of the euphoria of many in the EU over the success of sanctions against Russia. I see absolutely no cause for celebration. I do not know why we should be pleased if the Russian economy collapses,” Faymann told the Oesterreich newspaper. “We would be sawing off the branch we are sitting on if we erected a new wall to Russia’s economy.”
Read More @ Wolfstreet.com

Oil Derivatives Explosion Double 2008 Sub-Prime Crisis-David Morgan

Unbelievable Lack of Trust in the System
from USA Watchdog:

Precious metals expert David Morgan says the plunge in oil prices is not good news for big Wall Street banks.


Morgan explains, “The amount of debt that is carried by the fracking industry at large is about double what the sub-prime was in the real estate fiasco in 2008. In summary, we’re looking at an explosion in potential that is greater than the sub-prime market of 2008 because, number one, oil and energy are the most important sectors out there. Number two, the derivative exposure is at least double what it was in 2008. Number three, the banking sector is really more fragile . . . and we have less ability to weather the storm.”
Read More @ USAWatchdog.com

Why the Boston Marathon Bombing Suspect Is Silent

from Who What Why:
Were accused Boston Marathon bomber Dzhokhar Tsarnaev imprisoned in another country and barred from speaking to the outside world, he’d doubtlessly be described as “being held incommunicado.”
Yet since he’s an accused terrorist being held in the United States, the Justice Department-ordered gag on him has barely been noticed. And were anyone to ask why he’s forcibly been kept silent, they’d be told he’s been subjected to “Special Administrative Measures.”
Don’t be fooled by the innocuous sound of that. The phrase refers to a law that allows the government to restrict a prisoner’s communications in ways that:
Read More @ WhoWhatWhy.com

America’s War on Whistleblowers and Journalists Since 9/11

from ZenGardner:

With 2014 fresh in our rear view mirror, an honest examination of events and developments of what’s been happening in America to whistleblowers and journalists since 9/11 under the Bush-Obama regime seems a worthwhile review, however disturbing ands foreboding. By definition a whistleblower is an individual who reports an employer’s misconduct. The Whistleblower Protection Act of 1989 (WPA) is a law that protects federal government employees in the United States from retaliatory action for voluntarily disclosing information about dishonest or illegal activities occurring within a government organization. Yet despite these supposed legal protections in place, those who have gone public disclosing illicit and immoral behavior by the federal government have been consistently singled out for discrimination and excessive punishment.
Read More @ ZenGardner.com

Harvey Organ: Oil Plunge Blows Up Bank Derivatives, Gold & Silver SURGE!

from Silver Doctors:
Today we had a lot of developments. First WTI broke into the 47 dollar column creating havoc for our sovereign countries loaded with oil e.g Canada, Russia, USA, England (North sea), Venezuela etc. The dollar keeps rising due to the breaking up of the dollar carry trade.
As we have mentioned to you on many occasions, this in turn blows up the derivatives in oil and the major banks who have underwritten much of these contracts when oil was north of 100 dollars per barrel.
It certainly looks like the bankers are having a tough time trying to contain gold- Generally the bankers do not like to see gold/silver rise on two consecutive days, but that is exactly what we got today…
Read More @ SilverDoctors.com

State Rep. EXPOSES Federal Reserve FRAUD & Coming Crisis

from FinanceAndLiberty:


Middle East Officials Question ”Convenient Mistakes” Of US Airdrops To Al-Qaeda

by Brandon Turbeville, Activist Post:
As the “convenient” and “accidental” airdrops of weapons and supplies by the US and NATO into the hands of ISIS and al-Qaeda jihadists fighting inside both Syria and Iraq begin to draw more attention throughout largely alternative media outlets, such convenient mistakes are also being questioned by national governments, particularly those who may be in the crosshairs of NATO in the very near future.
Individuals who have come to question the nature of the allegedly accidental air drops are legion, but one of the more recent and high profile skeptics is the Commander of Iran’s Basij Force, Brigadier General Mohammed Reza Naqdi.
Read More @ Activist Post



The First Shale Casualty: WBH Energy Files For Bankruptcy; Many More Coming

On Sunday, a private company that drills in Texas, WBH Energy LP, and its partners, filed for bankruptcy protection, saying a lender refused to advance more money. There are many more to come.
 


2015: Asymmetric Oil Warfare

The world has habituated to the never-ending undeclared war over ownership and access to hydrocarbons. Now we are entering a new phase of asymmetric war being waged not over oil but the price of oil.


Who Will Be Hurt The Most If Greece Defaults

Who owns Greece's public debt? That's the 322 billion-euro question, according to the Finance Ministry's figures from the third quarter of last year. Most of the debt has changed hands since a bailout in 2010, a second in 2012 and a restructuring involving private creditors that same year. Private owners now hold only 17 percent. The secondary market has become very thin — bear that in mind when looking at 10-year bond yields. A default would have to be absorbed instead by official creditors, holding the remaining 83 percent of outstanding loans and bonds. These include euro-area governments (62 percent), the International Monetary Fund (10 percent) through its participation in the two bailouts, and the European Central Bank (8 percent), which purchased bonds in 2010 through its Securities Market Program. The remaining 3 percent are repurchase agreements and assets held by the Central Bank of Greece. It is unclear where losses on that portion would fall.
 


Goldman Puts Europe's Upcoming QE In Perspective: The ECB Will Monetize Five Times All Net Issuance

"Should the ECB announce EUR500bn in government bond purchases to be implemented over a one-year period, as our European Economics team expects, this programme would compare in size to the average monthly purchases of USTs by the Fed during QE3, but it would be significantly larger than the average monthly Fed purchases since the beginning of the global financial crisis. ... The ECB's stock of eligible Euro area government bonds is EUR7trn (by comparison, the stock of US government securities is about $12trn) and we estimate 2015 net government bond issuance to be around EUR90bn and gross issuance to stand at around EUR800bn (see Macro Rates Monitor, December 19, 2014). The ECB would, hence, buy about 62% of gross issuance of long-term bonds in the Euro area countries and more than five times as much as the net issuance."


 

No comments:

Post a Comment