from Off Grid Survival:
HSBC chief economist Stephen King warned clients this week about the impending demise of the world’s economy. In a letter to HSBC clients King warned, “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.”… “In the event we hit an iceberg, there aren’t enough lifeboats to go round.”
As the race for the White House once again heats up, many of the world’s top economists are warning that we are likely to see a repeat of the economic collapse that happened around the 2008 election cycle. As we noted in an article earlier this year, many economists see the 2016 presidential elections as the iceberg that may sink the ship.
Read More @ OffGridSurvival.com
HSBC chief economist Stephen King warned clients this week about the impending demise of the world’s economy. In a letter to HSBC clients King warned, “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.”… “In the event we hit an iceberg, there aren’t enough lifeboats to go round.”
As the race for the White House once again heats up, many of the world’s top economists are warning that we are likely to see a repeat of the economic collapse that happened around the 2008 election cycle. As we noted in an article earlier this year, many economists see the 2016 presidential elections as the iceberg that may sink the ship.
Read More @ OffGridSurvival.com
Ray Dalio: "If You Don't Own Gold, You Either Don't Know History Or Economics"
"If you dont own gold... there is no sensible reason other than you dont know history or you dont know the economics of it"
by Kip Keen, MineWeb.com:
In a recent roundup on the outlook for gold, ScotiaMocatta says a strong upside surprise may be in store for the price of gold.
ScotiaMocatta analysts take the position that investors, presently bored with gold, will show it some favour as other holdings and asset classes turn south.
“We are still of the view that the most bullish aspect of the gold market is that other assets are already expensive – notably the dollar, treasuries and equities,” ScotiaMocatta says.
Read More @ MineWeb.com
In a recent roundup on the outlook for gold, ScotiaMocatta says a strong upside surprise may be in store for the price of gold.ScotiaMocatta analysts take the position that investors, presently bored with gold, will show it some favour as other holdings and asset classes turn south.
“We are still of the view that the most bullish aspect of the gold market is that other assets are already expensive – notably the dollar, treasuries and equities,” ScotiaMocatta says.
Read More @ MineWeb.com
The Trouble with Cash
Submitted by Tyler Durden on 05/14/2015 - 21:30 Monetary policy has now become like a pressure cooker with a defective safety-valve. Central bankers realise it and investors are slowly beginning to as well. Add into this mix a faltering global economy, a fact that is becoming impossible to ignore, and a dash-for-cash becomes a serious potential risk to both monetary policy and the banking system. There is an obvious alternative to cash, and that is to buy physical gold.
Even The FDIC Admits It's Not Ready For The Next Banking Crisis
The FDIC explains, banks have grown far larger and even more complex since 2008, and that "[s]uch trends have not only continued, they accelerated as a result of the crisis." The FDIC goes on to suggest that its current tools and business model are “not sufficient to mitigate the complexities of large institution failures." Not only are they not equipped to handle it, they’re not entirely sure what to do: that’s why the FDIC is "seeking comment on what additional regulatory action should be taken..."
from Kingworldnews:
We are now starting to see the signs that will trigger an end to the
most massive financial bubble in the history of the world. Gold and
silver move in anticipation of economic events, and some of the
indicators I look at are flashing major warning signals.
Money Velocity Crashing
Take, for example, M2, which illustrates the money supply in the U.S. and also the velocity of money. The money velocity is continuing to crash and it’s now at an all-time low dating back over 50 years.
Egon von Greyerz Continues @ King World News
We are now starting to see the signs that will trigger an end to the
most massive financial bubble in the history of the world. Gold and
silver move in anticipation of economic events, and some of the
indicators I look at are flashing major warning signals.Money Velocity Crashing
Take, for example, M2, which illustrates the money supply in the U.S. and also the velocity of money. The money velocity is continuing to crash and it’s now at an all-time low dating back over 50 years.
Egon von Greyerz Continues @ King World News
How China's Banks Hide Trillions In Credit Risk: Full Frontal
Submitted by Tyler Durden on 05/14/2015 - 21:00 According to Fitch, nearly 40% of credit in China is outside bank loans, meaning that between forced roll-overs, the practice of carrying channel loans as "investments" and "receivables", inconsistent application of loan classification norms, and the dramatic increase in off balance sheet financing, the 'real' ratio of non-performing loans to total loans is likey far higher than the headline number.
George Orwell's Final Warning
"...something like 1984 could very well happen; this is the direction the world is going in at the present time. In our world, there will be no emotions except fear, rage, triumph, and self-abasement... but always there will be the intoxication of power...if you want a picture of the future, imagine a boot stomping on a human face... forever."
McCain Joins Ukraine Advisory Committee Headed By Georgia's Fugitive Ex-President
John McCain may find himself 'back in the (former) USSR' more frequently as the Senator landed on Ukrainian President Poroshenko's list of advisers along with former Georgian President (and current fugitive) Miheil Saakashvili. This should give McCain an opportunity to realize his dream of turning the 'conflict' with Russia into a proper war that self-respecting hawks can be proud of.Market Melts Up To Record Highs, Bonds & Bullion Bid
A View From The Valley - Are We Approaching Peak Optimism?
Sitting in Silicon Valley, it feels like we’ve reached the peak again. Hot money is chasing deals at ridiculous valuations. Housing prices are more than incomes can cover. Optimism is high. Jobless Claims are at cyclical lows. We’ve seen this before, in 2000 and 2007.
from Paul Craig Roberts:
This is what the arrogant morons who comprise the US government have stirred up: Watch this video
for its entire 1 hour 20 minutes, and then ask yourself if Washington
is making a good decision by driving us into conflict with Russia. (You
might have to use your cursor to push
the circle with the dot back to the beginning of the video.)
Americans, being an insouciant people, are unaware that it was Russians, not England’s Wellington, who defeated Napoleon. The Grande Army did not return from Russia. The loss broke the back of French military power.
Read More @ PaulCraigRoberts.org
This is what the arrogant morons who comprise the US government have stirred up: Watch this video
for its entire 1 hour 20 minutes, and then ask yourself if Washington
is making a good decision by driving us into conflict with Russia. (You
might have to use your cursor to pushthe circle with the dot back to the beginning of the video.)
Americans, being an insouciant people, are unaware that it was Russians, not England’s Wellington, who defeated Napoleon. The Grande Army did not return from Russia. The loss broke the back of French military power.
Read More @ PaulCraigRoberts.org
If you think ANY of the politicians give a shit about this country or you...This should clear it up...
If it doesn't clear things up...then you deserve what's headed your way...
Senate Passes Obama's TPP Fast-Track Trade Proposal
Two days ago there was some rejoicing and much surprise when the "Warren-faction" of Senate liberals turned against Obama, and failed to vote for a fast-track approval of the TPP. That surprise lasted for about 48 hours when moments ago, in a 65-33 vote, the Senate finally advanced a measure allowing Obama to expedite approval of trade agreements, a bill with bipartisan support in that chamber which however according to Bloomberg may run into strong opposition from House Democrats.
"Obama's Tax-The-Rich Plan Is Futile" Druckenmiller Warns, America's Aging Population Is A "Massive, Massive Problem"
Submitted by Tyler Durden on 05/14/2015 - 16:31 "Young people are not going to be talking about cutting back," exclaims billionaire hedge fund manager Stanley Druckenmiller, ominously concluding "there will be nothing to cut back." The reason he is so doom-full about the future - an aging population will present a "massive, massive problem" for the U.S. in 15 years - as Bloomberg reports, because of demographics, "we're just using more and more of society’s resources to fend for the old people," warning that Obama's plans to tax the rich to pay for more social services for the poor would be futile.
Caught In The Act: Government Hackers
Submitted by Tyler Durden on 05/14/2015 - 18:00 But... what difference does it make...
Flash Crash Scapegoat Nav Sarao Complained More Than 100 Times About The Real Market Manipulators
Submitted by Tyler Durden on 05/14/2015 - 15:25 Several weeks ago, when the CFTC and DOJ's laughable attempt to scapegoat the May 2010 flash crash on the actions of a live-in-his-parents-basement UK trader, we explained "Why Sarao Is The Flash Crash Patsy: He Threatened To Expose The "Mass Manipulation Of High Frequency Nerds." It now turns out that he not only threatened to expose the real market manipulators, but he acctually did it. More than 100 times.
The Recovery Itself Unravels; Consumer Recession
Submitted by Tyler Durden on 05/14/2015 - 14:07 If March was supposed to herald at least the beginning of the anticipated yearly rebound, April put that idea to rest. We have pushed way past last year’s “aberration” in the polar vortices and way past even the immediate aftermath of the 2012 slowdown (which hit in the also-snowy winter of 2013). You can make the argument that the full US economy is not in recession but it is now exceedingly difficult to sustain any position that doesn’t put the consumer already there.
Former NATO Commander, Presidential Candidate Makes Millions Pushing Penny Stocks
Submitted by Tyler Durden on 05/14/2015 - 13:45 Gen. Wesley Clark has been a busy man since retiring from public service with a plan to make $40 million. In addition to chairing notorious investment bank Rodman & Renshaw, the former NATO allied commander and one-time Presidential hopeful has thrown his face and fame behind a plethora of OTC-listed companies, Bloomberg reports. From grilled cheese sandwich trucks to hydroponic lettuce companies run by the real-life Bud Fox, Clark's name has become so synonymous with doomed penny stocks that one fund manager calls his very appearance on a company board "a red flag."
Bundesbank Blasts Draghi For Breaking Bailout Taboo
Submitted by Tyler Durden on 05/14/2015 - 12:52 "The head of Germany's Bundesbank ripped into the European Central Bank on Thursday, saying emergency funding for Greek banks broke the taboo of financing governments and it was not up to central banks to decide who was or wasn't in the euro zone," Reuters reports.
from FinancialSurvivalNetwork.com:
What In The World Is Going On Wednesday with Andrew Hoffman:
U.S. economic collapse;
GDP, retail sales, mortgage apps, unemployment;
Horrific Euro GDP;
Grexit upcoming, as well as BREXIT (must discuss);
Worst Chinese capex “growth” in 15 years;
Tectonic market shifts;
Surging rates and desperate government attempts to slow them (today’s article, not yet published);
Click Here to Listen
What In The World Is Going On Wednesday with Andrew Hoffman:U.S. economic collapse;
GDP, retail sales, mortgage apps, unemployment;
Horrific Euro GDP;
Grexit upcoming, as well as BREXIT (must discuss);
Worst Chinese capex “growth” in 15 years;
Tectonic market shifts;
Surging rates and desperate government attempts to slow them (today’s article, not yet published);
Click Here to Listen
from DAHBOO777:
by David Gutierrez, Natural News:
On May 1, a worker at Japan’s crippled Fukushima Daiichi nuclear power
plant discovered a storage tank leaking radioactive water, plant
operator Tokyo Electric Power Company (TEPCO) announced the following
day.
In March 2011, a major earthquake and tsunami triggered three separate meltdowns at the Fukushima plant. Large quantities of water have been rendered radioactive from being used to cool the crippled reactors. In addition, groundwater has been leaking into the basements of the reactors, mixing with contaminated water there and also becoming radioactive. TEPCO has been frantically pumping this water out and concentrating it into onsite storage tanks in an effort to minimize how much radioactive water spreads beyond the plant as groundwater.
Read More @ NaturalNews.com
On May 1, a worker at Japan’s crippled Fukushima Daiichi nuclear power
plant discovered a storage tank leaking radioactive water, plant
operator Tokyo Electric Power Company (TEPCO) announced the following
day.In March 2011, a major earthquake and tsunami triggered three separate meltdowns at the Fukushima plant. Large quantities of water have been rendered radioactive from being used to cool the crippled reactors. In addition, groundwater has been leaking into the basements of the reactors, mixing with contaminated water there and also becoming radioactive. TEPCO has been frantically pumping this water out and concentrating it into onsite storage tanks in an effort to minimize how much radioactive water spreads beyond the plant as groundwater.
Read More @ NaturalNews.com
from RT:
The White House is determined to block the rise of the key
nuclear-armed nations, Russia and China, neither of whom will join the
“world’s acceptance of Washington’s hegemony,” says head of the
Institute for Political Economy, Paul Craig Roberts.
The former US assistant secretary of the Treasury for economic policy, Dr Paul Craig Roberts, has written on his blog that Beijing is currently “confronted with the Pivot to Asia and the construction of new US naval and air bases to ensure Washington’s control of the South China Sea, now defined as an area of American National Interests.”
Read More @ RT.com
The White House is determined to block the rise of the key
nuclear-armed nations, Russia and China, neither of whom will join the
“world’s acceptance of Washington’s hegemony,” says head of the
Institute for Political Economy, Paul Craig Roberts.The former US assistant secretary of the Treasury for economic policy, Dr Paul Craig Roberts, has written on his blog that Beijing is currently “confronted with the Pivot to Asia and the construction of new US naval and air bases to ensure Washington’s control of the South China Sea, now defined as an area of American National Interests.”
Read More @ RT.com
The dollar soars by a record amount versus the euro and the yen in
2014. And economists predict strong growth in 2015. Really? If a country
can have a rapidly-appreciating currency with all the benefits that
that confers, and strong economic growth with all the obvious advantages
that that confers, why wouldn’t everyone be going for powerhouse
currencies?Because the two things, a strong currency and accelerating growth, tend to be mutually exclusive in the short run, with a strong currency acting like rising interest rates, slowing growth and making debts harder to service.
Read More @ DollarCollapse.com
by Alasdair Macleod, Gold Money:
When interest rates are zero and it costs a bank to look after your
money it becomes an unattractive asset. Banks in some jurisdictions
(such as Switzerland, Denmark and Sweden) are even charging customers
interest on cash and deposits. And if you go to your bank and withdraw
large amounts in the form of folding notes to avoid these charges you
will be lucky if you are not treated as a sort of pariah. For the
moment, at least, these problems do not extend to sound money, in other
words gold.
There are two distinct issues involved with government-issued currency: zero-to-negative interest rates, which all but eliminate any interest turn on deposits for the banks, and a systemic issue that arises if too many people withdraw their money from the banking system. The problems with the latter would become significant if enough people decide to effectively opt out of holding money in the banks.
Read More @ GoldMoney.com
by SGT, SGT Report.com:
There is NO Fourth Estate in the United States. Real Journalists doing real investigative journalism is the bedrock of democracy and justice in our Republic. It is the job of Journalists to keep the three branches of our government in check. It is up to Journalists to EXPOSE politicians and corporations for their crimes, But instead, we have men like ABC News’ George Stephanopoulos who are former talking heads for former sitting Presidents – and who still quietly donate massive sums of money to political families to curry favor and to remain in the “club”.
On Thursday, Stephanopoulos was exposed by the Washington Free Beacon for giving $75,000 to the Clinton Foundation and never reporting it to ABC News or to anyone else. Even as he berated Peter Schweizer, the author of the book ‘Clinton Cash‘ which EXPOSED the Clinton Foundation for MILLIONS of dollars in unreported donations from foreign governments.
Friends, this is WHY our Republic has fallen. Most of the highest profile “Journalists” in the mainstream media are bought-and-paid-for puppets of the ruling class. It’s a big club, and you and I ain’t in it.
When interest rates are zero and it costs a bank to look after your
money it becomes an unattractive asset. Banks in some jurisdictions
(such as Switzerland, Denmark and Sweden) are even charging customers
interest on cash and deposits. And if you go to your bank and withdraw
large amounts in the form of folding notes to avoid these charges you
will be lucky if you are not treated as a sort of pariah. For the
moment, at least, these problems do not extend to sound money, in other
words gold.There are two distinct issues involved with government-issued currency: zero-to-negative interest rates, which all but eliminate any interest turn on deposits for the banks, and a systemic issue that arises if too many people withdraw their money from the banking system. The problems with the latter would become significant if enough people decide to effectively opt out of holding money in the banks.
Read More @ GoldMoney.com
Miami Beach Cops Caught Exchanging 100s Of Racist, Pornographic Emails
Just as race relations in America leave the front-pages for a day - as the news cycle briefly and sadly focuses on Amtrak - Miami Beach police department drags the nation back into debate. According to Miami-Dade State Attorney Katherine Fernandez Rundle, more than a dozen Miami Beach Police officers exchanged numerous racist and pornographic emails. "This is a very sad day for Miami Beach," Mayor Levine concluded, after Rundle explained that the officers are involved in 540 cases, with about 30% of them involving black defendants.There is NO Fourth Estate in the United States. Real Journalists doing real investigative journalism is the bedrock of democracy and justice in our Republic. It is the job of Journalists to keep the three branches of our government in check. It is up to Journalists to EXPOSE politicians and corporations for their crimes, But instead, we have men like ABC News’ George Stephanopoulos who are former talking heads for former sitting Presidents – and who still quietly donate massive sums of money to political families to curry favor and to remain in the “club”.
On Thursday, Stephanopoulos was exposed by the Washington Free Beacon for giving $75,000 to the Clinton Foundation and never reporting it to ABC News or to anyone else. Even as he berated Peter Schweizer, the author of the book ‘Clinton Cash‘ which EXPOSED the Clinton Foundation for MILLIONS of dollars in unreported donations from foreign governments.
Friends, this is WHY our Republic has fallen. Most of the highest profile “Journalists” in the mainstream media are bought-and-paid-for puppets of the ruling class. It’s a big club, and you and I ain’t in it.
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