Euro Surges, Bunds Tumble On Report Draghi Considering Rate Hikes Prior To QE End
Video Emerges Of U.S. Marines Rolling Into Syria For Raqqa Offensive
Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals
Where The Jobs Were: Manufacturing, Construction Workers Soar
A High-ly Troubling Breadth Development?
Goldman Changes Fed Forecast: Sees Rate Hikes In March, June And September; Earlier Balance Sheet Reduction
June Rate Hike Odds Jump Above 50%
Bitcoin Soars Above $1300 For First Time Ahead Of SEC Decision
Americans Flood Back Into The Labor Force Under Trump
Gold Jumps Above $1200 As Bond Yields, Dollar Drop After 'Disappointing' Jobs Data
US Adds 235,000 Jobs In February, Beating Expectations But Earnings Disappoint
Crowded Trades Never End Well: The 2.5 Trillion Dollar Bet On Higher Rates
Now The Fun Begins - SNAP Options Start Trading Today
Sweden's Far-Right Gaining Ground As Social Problems Mount
South Korea's Ex-President Refuses To Vacate Residence After Impeachment, Two Dead During Protests
10 Straight Weeks Of Equity Inflows As All The New Money Goes To ETFs
Four Russians Among Business Executives Killed In Istanbul Helicopter Crash
S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues
by Shaun Bradley, The Anti Media:
Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens by using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, as they have in Venezuela and Greece, the underground economy becomes invaluable to those living through the crisis.
The shadow economy refers to more than just the trade of illegal goods. A grey market, for example, provides legal products that have become difficult to find. Since basic things like toilet paper, medicine, and even food have disappeared from store shelves in Venezuela, the peer-to-peer network has become the only reliable way to secure life’s necessities. In desperate situations like this, the existence of independent merchants can mean the difference between life and death.
Read More
Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens by using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, as they have in Venezuela and Greece, the underground economy becomes invaluable to those living through the crisis.
The shadow economy refers to more than just the trade of illegal goods. A grey market, for example, provides legal products that have become difficult to find. Since basic things like toilet paper, medicine, and even food have disappeared from store shelves in Venezuela, the peer-to-peer network has become the only reliable way to secure life’s necessities. In desperate situations like this, the existence of independent merchants can mean the difference between life and death.
Read More
by Visual Capitalist, via Silver Seek:
Although gold has a bigger reputation today as a monetary metal, it was
often deemed too valuable for everyday transactions throughout history.
For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.
Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.
Read More
For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.
Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.
Read More
from X22Report:
by Don Quijones, Wolf Street:
There’s an air of furtive desperation about the proceedings.
As debates rage in Europe over whether or not to take a two-speed or multi-speed approach to post-Brexit integration, Germany rekindled interest in the creation of a European Monetary Fund.
Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble both want to upgrade the grossly unaccountable Luxembourg-based European Stability Mechanism (ESM) into an IMF-style rescue fund that will “be granted the authority to monitor the finances of all eurozone countries,” reports Der Tagesspiegel.
Read More
There’s an air of furtive desperation about the proceedings.
As debates rage in Europe over whether or not to take a two-speed or multi-speed approach to post-Brexit integration, Germany rekindled interest in the creation of a European Monetary Fund.
Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble both want to upgrade the grossly unaccountable Luxembourg-based European Stability Mechanism (ESM) into an IMF-style rescue fund that will “be granted the authority to monitor the finances of all eurozone countries,” reports Der Tagesspiegel.
Read More
by Matt Agorist, The Free Thought Project:
Wilmington, NC — A powerful video, taken by an attorney while being harassed by police, illustrates the power of filming — and why cops will lie through their teeth, apply intimidation tactics, and threaten you to get you to stop it.
Attorney Jesse Bright, who works as an Uber driver in his spare time, was on a round trip drive, bringing a man who works as a pet groomer to pick up his paycheck on Feb. 26. During the first Uber stop, police suddenly surrounded the vehicle and forced the passenger to submit to a search because they were near a known “drug house.”
Read More
Wilmington, NC — A powerful video, taken by an attorney while being harassed by police, illustrates the power of filming — and why cops will lie through their teeth, apply intimidation tactics, and threaten you to get you to stop it.
Attorney Jesse Bright, who works as an Uber driver in his spare time, was on a round trip drive, bringing a man who works as a pet groomer to pick up his paycheck on Feb. 26. During the first Uber stop, police suddenly surrounded the vehicle and forced the passenger to submit to a search because they were near a known “drug house.”
Read More
by Dave Kranzler, Investment Research Dynamics:
Question: Why do Central Banks and Governments hate gold?
Answer: Because they can’t print it
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.” – Alan Greenspan, “Gold and Economic Freedom”
Just like everything else in the western financial system, the paper trading markets are leveraged beyond redemption. The amount of paper “claims” on actual physical gold was estimated to be 100:1 in 2010. We can assure you that ratio is much higher now. On the Comex alone, for instance, if more than 9% of the April open interest in gold futures were to stand for delivery – based on the currently declared 1.4 million ounces of gold reported as being “available for delivery” (registered) – the Comex would default. The entire open interest in gold futures is 60x greater than the amount of gold available for delivery.
Read More
Question: Why do Central Banks and Governments hate gold?
Answer: Because they can’t print it
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.” – Alan Greenspan, “Gold and Economic Freedom”
Just like everything else in the western financial system, the paper trading markets are leveraged beyond redemption. The amount of paper “claims” on actual physical gold was estimated to be 100:1 in 2010. We can assure you that ratio is much higher now. On the Comex alone, for instance, if more than 9% of the April open interest in gold futures were to stand for delivery – based on the currently declared 1.4 million ounces of gold reported as being “available for delivery” (registered) – the Comex would default. The entire open interest in gold futures is 60x greater than the amount of gold available for delivery.
Read More
by Paul Craig Roberts, Paul Craig Roberts:
The United States has been growing progressively insane for a long time. For my generation, the realization descended upon us in the 1960s when the military/security complex convinced Americans that if we permitted Vietnamese nationalist leader Ho Chi Minh to unify Vietnam, the dominoes would fall until the Communist World Revolution had us in its grip. This despite the fact that Stalin had killed off the Trotskyist world revolutionaries and declared “Socialism in one country.”
Nationalists in the West’s colonies, such as Vietnam and Cuba, misinterpreted the talk about making the world safe for self-determination as applying to them. Ho Chi Minh helped the US against Japan during World War 2. His requests for US help for Vietnamese independence from France were cold-shouldered by the Truman administration. He did not turn against the US until Washington turned against him. http://www.historynet.com/ho-chi-minh-and-the-oss.htm
Read More
The United States has been growing progressively insane for a long time. For my generation, the realization descended upon us in the 1960s when the military/security complex convinced Americans that if we permitted Vietnamese nationalist leader Ho Chi Minh to unify Vietnam, the dominoes would fall until the Communist World Revolution had us in its grip. This despite the fact that Stalin had killed off the Trotskyist world revolutionaries and declared “Socialism in one country.”
Nationalists in the West’s colonies, such as Vietnam and Cuba, misinterpreted the talk about making the world safe for self-determination as applying to them. Ho Chi Minh helped the US against Japan during World War 2. His requests for US help for Vietnamese independence from France were cold-shouldered by the Truman administration. He did not turn against the US until Washington turned against him. http://www.historynet.com/ho-chi-minh-and-the-oss.htm
Read More
GLD
LOSES 2.67 TONNES FROM INVENTORY/SLV LOSES 1.137 MILLION OZ/CHINA IN
CHAOS OVERNIGHT AS YUAN LEVELS FALL COUPLED WITH HIGHER INTEREST RATES
AS LIQUIDITY DISAPPEARS
from Harvey Organ:
DRAGHI SEES NO URGENT NEED TO CONTINUE QE ONCE PROGRAM ENDS/USA SENDS TROOPS TO SYRIA AND IN ALL LIKELIHOOD A NEW OFFENSIVE ON RAQQA/CRUDE OIL COLLAPSES TO 48 DOLLARS PER BARREL, ALONG WITH OTHER COMMODITIES/EMERGING MARKETS COLLAPSE/FOX NEWS CONFIRM TWO WIRETAPS ON TRUMP’S SERVER: ONE BEING A FISA ORDER
In silver, the total open interest FELL by ONLY 976 contracts DOWN to 191,422 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.957 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 708 NOTICE(S) FOR 3,540,000 OZ OF SILVER
In gold, the total comex gold FELL BY A CONSIDERABLE 6.774 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($9.00 with YESTERDAY’S trading ).The total gold OI stands at 427,627 contracts.
Read More @ Harveyorganblog.com
from Harvey Organ:
DRAGHI SEES NO URGENT NEED TO CONTINUE QE ONCE PROGRAM ENDS/USA SENDS TROOPS TO SYRIA AND IN ALL LIKELIHOOD A NEW OFFENSIVE ON RAQQA/CRUDE OIL COLLAPSES TO 48 DOLLARS PER BARREL, ALONG WITH OTHER COMMODITIES/EMERGING MARKETS COLLAPSE/FOX NEWS CONFIRM TWO WIRETAPS ON TRUMP’S SERVER: ONE BEING A FISA ORDER
In silver, the total open interest FELL by ONLY 976 contracts DOWN to 191,422 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.957 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 708 NOTICE(S) FOR 3,540,000 OZ OF SILVER
In gold, the total comex gold FELL BY A CONSIDERABLE 6.774 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($9.00 with YESTERDAY’S trading ).The total gold OI stands at 427,627 contracts.
Read More @ Harveyorganblog.com
by Kyle Olson, The American Mirror:
Obama has joined the birther movement.
Malik Obama, Barack Obama’s half-brother, tweeted image of what appears to be Barack’s birth certificate. Except it’s not from Hawaii, but rather Kenya.
“What’s this?” he tweeted.
The document is from the “Coast Province General Hospital” in Mombasa, British Protectorate of Kenya, and is for Barack Hussein Obama II, who was born on the “4th day of August, 1961.”
Read More
Obama has joined the birther movement.
Malik Obama, Barack Obama’s half-brother, tweeted image of what appears to be Barack’s birth certificate. Except it’s not from Hawaii, but rather Kenya.
“What’s this?” he tweeted.
The document is from the “Coast Province General Hospital” in Mombasa, British Protectorate of Kenya, and is for Barack Hussein Obama II, who was born on the “4th day of August, 1961.”
Read More
by Mac Slavo, SHTFPlan:
There is an inherent dilemma for most of the people living in cities.
Even those who are aware of the extremely fragile fabric of society are often stuck living urban lives. Perhaps they plan to retire to a country abode, or construct a hideaway to escape to if the need ever arises, but for now, they are stuck in the city making a living.
This is true even for the rich, but now, they have a back-up plan.
The biggest of American cities, and one of the most gridlocked, is New York City, with Manhattan and Long Island both isolated islands – trapped during emergencies from the rest of the world.
Read More
There is an inherent dilemma for most of the people living in cities.
Even those who are aware of the extremely fragile fabric of society are often stuck living urban lives. Perhaps they plan to retire to a country abode, or construct a hideaway to escape to if the need ever arises, but for now, they are stuck in the city making a living.
This is true even for the rich, but now, they have a back-up plan.
The biggest of American cities, and one of the most gridlocked, is New York City, with Manhattan and Long Island both isolated islands – trapped during emergencies from the rest of the world.
Read More
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