Gold World News Flash |
- Procedures To Enter The Inter Bank Bond Market (Gold Premium)
- Gold Market Update - COT Horror Story
- Current Economic Collapse News Brief
- Is Deutsche Bank's Gold Manipulation The Main Scam Or Just A Side-Show?
- Gold Mining Stocks Reach First Resistance Target but Continue to Outperform Gold Price
- China Ocean Freight Index Collapses to Record Low
- Kyle Bass On The Resurgence Of Gold And The Looming “Run On Cash”
- Silver Market Update - reversing to the downside
- TRIPLE DIGIT SILVER IN 2 YEARS? — CEO, Keith Neumeyer
- The Keynesian House Of Denial
- The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts
- Yes, the Dollar Should Be Backed by Gold…
- What does Deutsche Bank's confession mean for gold and silver investors?
- What Is The Worst-Case Outcome Of Helicopter Money: Deutsche Bank Explains
- GOLD & SILVER: Moving To The POST-PAPER, POST-LBMA Era!
- Absurdity: When The Con Believes The Con
- The Probability Of The Economic Collapse Happening This Year Is Increasing: Chris Martenson
- Saudi King And Princes Blackmail The U.S. Government: What Happens Next
- "This Will All Blow Up In The Fed's Face," Schiff Warns "Trump's Right, America Is Broke"
- Goldman On Doha: "Bearish For Prices ", Expect "High Price Volatility"; Saudi Oil Production May Jump
- Jim Rickards: Gold is the spectre haunting our monetary system
- Every Economy Crashing!
- Full Speech: Donald Trump Holds Rally in Poughkeepsie, NY (4-17-16)
- NY Post picks up on Deutsche's confession but where are other news organizations?
- A one world Central Bank and Taxation System - Jeff Berwick
- Richard Wolff - Economic Update – April 15, 2016
- CRB, Gold, The Fed has Unleashed Inflation
- George Carlin You Don't Have Rights, You Have Privileges................
- Is Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show?
- Who Is The Rothschild Family and How Much Power Do They Have?
- Breaking News Links — April 17, 2016
| Procedures To Enter The Inter Bank Bond Market (Gold Premium) Posted: 18 Apr 2016 12:32 AM PDT Dear CIGAs, What follows is a response from a friend and very brilliant individual. I believe it is so good, it should be posted in its entirety for your view! To give you a background, he originally sent me the “procedures to enter the Inter Bank Bond Market” in China, to which I responded with... Read more » The post Procedures To Enter The Inter Bank Bond Market (Gold Premium) appeared first on Jim Sinclair's Mineset. |
| Gold Market Update - COT Horror Story Posted: 18 Apr 2016 12:15 AM PDT Clive Maund |
| Current Economic Collapse News Brief Posted: 17 Apr 2016 11:00 PM PDT from X22Report: |
| Is Deutsche Bank's Gold Manipulation The Main Scam Or Just A Side-Show? Posted: 17 Apr 2016 10:21 PM PDT For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, "well, if they're not manipulated they're the only market that isn't." That was unsatisfying, though, because as the big banks got caught scamming their customers on interest rates, mortgage bonds, forex and commodities trades, those markets (presumably) began to operate more-or-less honestly. Gold and silver, meanwhile, kept right on acting strangely, for instance plunging in the middle of the night on no news but massive futures volume, to the detriment of honest investors and traders who naively bet their capital on fundamentals. The (already huge) amount of money thus stolen from gold bugs kept rising. |
| Gold Mining Stocks Reach First Resistance Target but Continue to Outperform Gold Price Posted: 17 Apr 2016 10:17 PM PDT The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday's gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below resistance for a little while, their strong outperformance of Gold remains a comforting signal for bulls. |
| China Ocean Freight Index Collapses to Record Low Posted: 17 Apr 2016 10:02 PM PDT Wolf Richter wolfstreet.com The amount it costs to ship containers from China to ports around the world, a function of the quantity of goods to be shipped and the supply of vessels to ship them, just dropped to a new historic low. The China Containerized Freight Index (CCFI) tracks contractual and spot-market rates for shipping containers from major ports in China to 14 regions around the world. It reflects the unpolished and ugly reality of the shipping industry in an environment of deteriorating global trade. For the latest reporting week, the index dropped 0.6% to 636.14, its lowest level ever. It has plunged 41% from the already low levels in February last year, and 36% since its inception in 1998 when it was set at 1,000. This chart shows the continuing collapse of containerized freight rates from China to the rest of the world:
The Shanghai Containerized Freight Index (SCFI), which tracks spot-market rates (not contractual rates) of shipping containers from Shanghai to 15 destinations around the world, dropped 3.6% for the latest reporting week to 472, after another failed price recovery. It's down 58% from February last year. Rates to Europe plunged $20 per twenty-foot equivalent unit container (TEU) to $271; to the Mediterranean, rates plunged $29 to $409 per TEU. To the US West Coast, rates plunged 9.3% or $79 to $770 per forty-foot equivalent unit (FEU). A year ago, the spot rates to the West Coast had already fallen 10% year-over-year, and there had been a lot of hand-wringing about them. At the time, they were $1,932 per FEU. Now they're at $770 per FEU. In one year, these spot rates have collapsed by 60%! During the big plunge last year and earlier this year, the saving grace was the price of bunker fuel, which was plunging along with the price of oil. For example, according to Platts, bunker of the grade IFO380 in Los Angeles had hit a low of $118 per metric ton in mid-January. But it has since soared 91% to $225! Bunker prices differ, depending on grade and location around the world, and not all made this sort of break-neck snap-back price reversal. For example, IFO380 in Rotterdam soared "only" 61% from $109/mt in mid-January to $176/mt. Other locations and grades experienced lower price increases. But all bunker prices everywhere have risen sharply. So the ballyhooed notion that carriers, under pressure from competition, are simply passing on their fuel savings to their customers has now died an ignominious death. Instead, their margins are getting crushed. But there are some real reasons for the collapse in freight rates from China to destinations around the world: China's exports have plunged. For the January through March period – to iron out the monthly volatility associated with the Lunar New Year holiday – exports are down 9.6% year-over year. Specifically:
Exports ticked up just a tiny bit to only two major countries: India (+0.2%) and Russia (+0.2%). So demand for transporting containers from China to other parts of the world has withered, just when the supply of container ships has reached catastrophic levels of overcapacity. Last year, what had already been an overcapacity problem turned into a self-inflicted nightmare for carriers. They'd assumed ever since the bouts of QE and zero-interest-rate policies started that central banks had their back. They'd smelled the lure of cheap money. And they'd fallen for the central-bank propaganda that "bold" monetary policies could actually stimulate the real economy, the goods-consuming economy. And so, imagining years of big-fat growth, they ordered ships, including the newest mega-sized container ships. And as these new ships were delivered over the past couple of years, carriers embarked on a fight for market share by cutting prices. This culminated in 2015 with the delivery of new ships that added a record 1.7 million TEU of capacity to the global fleet, just when growth in global trade was grinding down. At the same time, according to Drewry, the amount of capacity scrapped in the year plunged by nearly half, with only 195,000 TEU of global capacity taken out. Why? "Because demolition prices were less attractive…." Like so many things in this world where free money created overcapacity, the rates paid for ships to be scrapped has plunged from around $475 per ldt (light displacement tonnage, the weight of the vessel including hull, machinery, and equipment) in 2012 to around $290/ldt recently. So far this year, scrapping activity has picked up. And everyone is hoping that this will alleviate the problem. But it's not going to help much, according to Drewry:
Now carriers are hoping that the huge general rate increases they announced for May 1 – in some cases more than doubling current rates – will stick. But they tried that last spring, when overcapacity wasn't nearly as bad, and it didn't work. So will they have more luck this year? The Journal of Commerce put it this way: "Conditions are hardly optimal for raising rates." The Chinese have among the highest savings rates in the world. But 75% of their wealth is in real estate. They've overinvested in one illiquid and bubbly asset that they wrongly believe can only go higher. But when prices break down, it will devastate consumer demand and reverberate around the world. Read… This Will Be Largest Evaporation of Wealth in Modern History |
| Kyle Bass On The Resurgence Of Gold And The Looming “Run On Cash” Posted: 17 Apr 2016 10:01 PM PDT from Zerohedge:
On the growing use of negative interest rates as a central bank policy tool, he pointed out that while the central planners have their PhD’s and elaborate excel models, the reality is that not all people behave rationally, and thus in the real world those types of policies won’t necessarily work as intended. He also touched on the fact that a concern that should be on the front of everyone’s mind is the fact that if NIRP goes full Shinzo Abe and banks start charging customers for keeping cash at their banks, that there will be a run on cash.
Regarding what’s going on in Asia, he reiterates his call that there’s a giant credit bubble (as we discussed here, here, and here) that’s reached its breaking point and it’s going to burst over the next two or three years. He says that he believes the implosion of the china credit bubble will have a 40-50% chance of causing a recession in the U.S. within the next year.
He goes on to hammer the central banks’ monetary policy decisions, saying that they can’t generate true organic growth and that we’ve been doing the same thing for the past eight years and we’re still in the situation we’re in. Something Zero Hedge has been pointing out consistently over the past seven years. |
| Silver Market Update - reversing to the downside Posted: 17 Apr 2016 08:18 PM PDT |
| TRIPLE DIGIT SILVER IN 2 YEARS? — CEO, Keith Neumeyer Posted: 17 Apr 2016 08:05 PM PDT by SGT, SGT Report.com: Keith Neumeyer, the outspoken truth telling CEO of First Majestic Silver and Chairman of First Mining Finance is back to help us dissect the current state of the global silver market. Keith notes that the current silver to gold ratio of 80 to 1 is absolutely unsustainable in a world where physical silver is being mined globally at a rate of 10 ounces of silver for every ONE ounce of gold. “How can you possibly trade at 80 to 1 and be mining at 10 to 1? That relationship cannot last,” Neumeyer says. “I think we’ll see triple digit silver for sure over the next couple of years.” |
| Posted: 17 Apr 2016 08:00 PM PDT by David Stockman, David Stockmans Contra Corner:
The common denominator is economic statism. That is, the assumption that the state, including its central banking branch, is indispensable to economic progress and prosperity. As the various denominations of the Keynesian economic church have it, capitalism is always veering toward the ditch of under-performance and recession when left to its own devices and natural tendencies; and, if neglected by the wise policy-makers of the central state too long, it lapses toward outright depression and collapse. Our purpose here is not to correct the particular philosophical and analytic errors associated with each of these Keynesian or statist variants. On any given day we make it pretty clear the central banking based mutation of modern Keynesianism is predicated on two cardinal errors. Namely, the myth of demand deficiency and the false presumption that central bank pegging of interest rates, yield curves and other financial prices will enhance macro-economic performance while not harming the efficiency, stability and efficacy of money and capital markets. That's completely wrong. The very worst thing the state can do is meddle with and falsify financial market prices. Sooner or later cheap debt, repressed volatility, stock market "puts" and artificially inflated asset prices drain the genius of markets out of capitalism. What remains in the financial system is raw speculation for the purpose of rent gathering and leverage for the purpose of supercharged gambling. On the other hand, what gets lost is true capital formation, honest price discovery and allocative efficiency. These are the building blocks of true macroeconomic expansion and rising wealth. The irony is that the theories of Keynes and Friedman were designed to enable exactly that. Yet after having been morphed and melded into the cult of central banking in recent decades they have become a generator of main street stagnation and impoverishment. In that regard, we have frequently pointed out that behind all the pretentious jargon and faux economic science of the likes of Yellen, Bernanke, Dudley and Fischer is little more than the "D" word. They believe that an economy can never have enough Debt. At the end of the day there is no other purpose for the lunacy of 87 straight months of ZIRP and the fraud of $3.5 trillion worth of QE/bond-buying with digital credits conjured from nothing. It's all designed to get the primary economic agents—households, business and governments—-to borrow and spend. The contemporary central bank based mutation of the old Keynesian and Friedmanite fallacies is rooted in this debt-centric economics but is far more dangerous. Owing to his anti-gold standard worldview, Friedman failed to realize that fiat money was nothing more than debt, but at least he swore an oath of restraint in the form of a fixed rule (such as 3% per annum) for the growth of credit money. Even Keynes was not completely beguiled by the elixir of debt. His fiscalist angle had more to do with the class snobbery of the early 20th century English literati than an open-ended embrace of debt. He simply felt that businessmen where less enlightened then high-minded civil servants as he had been at the British Treasury. When the former episodically lost their animal spirits, they left the economy awash in excess savings and the working class bereft of jobs. The function of the state, therefore, was to borrow the excess during periods of macroeconomic slack and put it to good use in public works——even digging holes (with or without spoons) and refilling them. This got popularized in the notion of "pump priming" as originally articulated by New Deal activists such as Mariner Eccles. But the primitive counter-cyclical policy of the 1930s and the far more sophisticated Keynesian New Economics of the 1960s did not embrace the never too much debt predicate of Bernanke and Yellen. |
| The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts Posted: 17 Apr 2016 07:30 PM PDT Submitted by Mike Krieger via Liberty Blitzkrieg blog,
We’ve seen bits and pieces emerge from Hillary Clinton’s infamous $225,000 speech to Goldman Sachs in October 2013, but an article published by the Huffington Post yesterday adds some additional perspective. In a nutshell, the author believes that a release of these transcripts would be so damaging it would end her bid for the presidency. Here are a few excerpts from the Huffington Post piece:
During last week’s debate in New York, Hillary demanded that Bernie release his tax return, and he produced it the very next day. As far as Clinton’s speech transcripts, we’re still left with the following:
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| Yes, the Dollar Should Be Backed by Gold… Posted: 17 Apr 2016 07:00 PM PDT Bill Bonner, via, Casey Research:
The question was not exactly serious. Neither was the answer. "We'd call in sick." Drying Winds, Hungry Cattle We are on our way to the family ranch in northwestern Argentina. We'll spend a couple of days in Buenos Aires…then fly up to Salta. From there, it's a six-hour drive, up and over the mountains, on dirt roads—stopping by a cattle ranch to inspect some of our animals—until we finally reach la sala, our ranch headquarters. It's been a hard year in the mountains. Normally, we get about 5 inches of rain annually. But this year, the ranch has gotten only half its usual allotment. All of that moisture falls in January and February. Not another drop will drip on the ranch until next year. That leaves another nine months of drying winds and hungry cattle. But that is just the beginning of the bad news…More to come when we report from the ranch later this week. In the meantime, we return to tackling the world's problems. A Return to Gold Drought, old age, traffic congestion, meanness, purple drink, bad taste, rap, suburbs, cancer, government, Hillary Clinton, restaurant music, shorts, Facebook, obesity—there are a lot of things wrong in the world. And most of them are not easily put right. But there are some problems that could be solved overnight. Economic and financial problems, for example, solve themselves…if you let them. Almost all the macro-money wounds suffered by the modern world are self-inflicted. Central banks and treasury departments around the world keep shooting themselves in the foot. But rather than stop manipulating the system…they buy another pair of shoes. If we were miraculously appointed by President Trump to run the Fed, our first act would be to put the gun down. We would announce that, henceforth, anyone waiting for the next rate hike would have to wait a long time. Because we wouldn't be making any rate hikes…or rate cuts either. Instead, interest rates would have to take care of themselves. Lenders and borrowers would set their own rates. But what about if banks got into trouble? Ah…we'd take care of that too. We'd point out that the Fed would no longer lend to them in an emergency. Our announcement: "To any bank that runs out of money: Drop dead." Then, we would put the entire Fed balance sheet—the more than $4 trillion in dodgy bonds it bought over the last eight years—up for sale. And we would send layoff notices to the entire staff…telling them to clean out their desks, admonishing them that henceforth they would have to seek honest employment or try to land a job on Wall Street. Had we the power, we would take one further step: We would declare that Americans could use whatever currency they wanted, that the dollar would once again be exchangeable for a fixed quantity of gold, and that the U.S. Treasury would accept any major currency—including bitcoin—in payment of taxes. See how easy it would be? All of the heavy lifting could be accomplished before lunchtime on our first Monday on the job. Then we would slip out the back of the Eccles Building…with luck, just before posse caught up to us. |
| What does Deutsche Bank's confession mean for gold and silver investors? Posted: 17 Apr 2016 06:55 PM PDT For the time being, probably just a lot more litigation. * * * 10:14p ET Sunday, April 17, 2016 Dear Friend of GATA and Gold: What do Deutsche Bank's confession to gold and silver market rigging and its pledge to incriminate other bullion banks mean? Almost certainly they mean more litigation on top of the federal class-action lawsuit in New York that prompted the confession and pledge. Beyond that it's anyone's guess. Of course gold traders, investors, and gold and silver mining companies and their investors are wondering what's in it for them. That's hard to say. Ordinarily in a successful class-action lawsuit the court devises remediation that is available to everyone affected by the misconduct at issue in the suit -- available not just to the plaintiffs named in the suit but to everyone similarly situated, everyone damaged by the misconduct. Once the court settles on such remediation, its availability is publicized to potential members of the class and they are invited to register with the court so they may be paid. So no one has to become a plaintiff in the suit to receive damages. ... Dispatch continues below ... ADVERTISEMENT We Are Amid the Biggest Financial Bubble in History; With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong. Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed. Crucial guides to storage in Singapore and Switzerland can be read here: http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals. Email the GoldCore team at info@goldcore.com or call our trading desk: UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010. Visit us at: http://www.goldcore.com But the focus of the Deutsche Bank class action seems to be narrow; it involves those who traded gold and silver on exchanges like the New York Commodities Exchange. It does not seem to cover trading and valuations that took place outside such exchanges, though of course other gold and silver transactions and the trading of the shares of gold and silver mining companies well may have been heavily influenced by the trading covered in the lawsuit. For example, shareholders who were wiped out by the bankruptcy of Allied Nevada Gold Corp. a year ago have to be wondering whether the gold and silver market manipulation to which Deutsche Bank has admitted and in which the bank's associates also may have been involved harmed their investment and entitles them to damages. Indeed, shareholders of any gold or silver mining company must wonder whether Deutsche Bank and the other banks should be liable to them for damages as well. Those concerns seem to go beyond the scope of the current class-action lawsuit. But once the court in that lawsuit puts substantial evidence on the record or makes a formal finding, all sorts of gold and silver investors and mining companies may do well to engage their own legal counsel to explore their options. (If only gold and silver mining companies cared about the rigging of the markets for their products, or even understood the true nature of their products as money. If any mining company has even noted the development with Deutsche Bank, there is as yet no evidence of it.) Deutsche Bank may not be culpable enough to be obliged to make whole every gold and silver investor and mining company in the world, but if enough other big banks are incriminated, they may create a target rich enough to invite many other lawsuits, individual and class-action. Of course the bigger issue for GATA is whether the class-action suit against Deutsche Bank and the other banks alleged to have manipulated the gold and silver markets will expose the intervention of central banks, directly or through intermediaries. That is, for example, were Deutsche Bank and the other accused banks ever trading on behalf of central banks and front-running those central bank trades? For reprehensible and illegal as it is, market rigging by big traders is not so unusual and tyrannical as surreptitious trading by central banks. For the world's sake, the latter sort of market rigging needs far more exposure. CHRIS POWELL, Secretary/Treasurer Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| What Is The Worst-Case Outcome Of Helicopter Money: Deutsche Bank Explains Posted: 17 Apr 2016 06:08 PM PDT Now that the next and final phase of unorthodox monetary policy, i.e., helicopter money, has had the blessing of both Mario Draghi and Ben Bernanke, and is virtually assured, there are three questions: how to trade it; where will it be implemented first (and certainly not last), and how will it all end. We covered the first part, how to trade it, late on Friday, courtesy of a Deutsche Bank report titled, don't laugh, "Helicopters 101: your guide to monetary financing"
The next question then is: who will be (un)lucky enough to draw the first straw. The answer, according to DB, will be the same bank that as we shockingly reported at the end of January, was peer pressured into NIRP by Davos bankers, the Bank of Japan.
Well, "policy innovation" sure is a polite way of putting "last ditch monetary idiocy" (the same idiocy which we predicted all the way back in March 2009 will be the ultimate endgame) but besides that we agree with Deutsche Bank: Japan will be the first nation to unveil helicopter money. After all, if it isn't monetary or Keynesian experimentation, then simple demographics will destroy the nation... unless the Fukushima fallout doesn't do it first. Finally, how would helicopter money failure look like? Here are some ideas from DB's George Saravelos:
In other words, at one extreme, if the market perceives the policy as a failure, credit risk and demand/supply imbalances are likely to dominate, putting even further downward pressure on yields. At the other extreme, if the policy is perceived as a loss of monetary discipline, inflation expectations would spike, leading to an aggressive re-pricing of yields higher. Simply said: too little, and the deflationary vortex will swallow all; too much, and yields will explode. DB continues:
Which brings us to DB's politically correct conclusion: "under the assumption of policy "success" without fears of hyperinflation, we would conclude that bond yields rise"... the same success which DB also says "will be easier said than done", which then means, drumroll, that the dominant outcome will be one in which "fears" of hyperinflation are justified. In which case, please go ahead and sell your gold to Goldman: the vampire squid has repeatedly said it will buy everything you have to sell.
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| GOLD & SILVER: Moving To The POST-PAPER, POST-LBMA Era! Posted: 17 Apr 2016 05:55 PM PDT by SGT, SGT Report.com: Precious metals writer and researcher David Jensen joins me to discuss the move away from the PAPER-BASED LBMA to the PHYSICAL metals based SGE – the SGE gold fox goes into effect on APRIL 19th!. And as fate would have it, in the hours leading up to our interview Deutsche Bank admitted to rigging both the Silver AND the Gold market, while agreeing to provide evidence of other banks engaging in the same CRIMINAL activity – so let the class-action lawsuits begin! Meanwhile, Obama and Yellen were holding secretive emergency meetings all week long. We are in the midst of a global sea change away from manipulated paper precious metals, and back toward PHYSICAL. What a story – join us as we cover the latest. Read David’s articles at Safehaven.com, here. |
| Absurdity: When The Con Believes The Con Posted: 17 Apr 2016 05:40 PM PDT There are many infamous con games that have been foisted upon the public for millennia. Probably none more enduring than that of Charles Ponzi which bears his name as its moniker. Yet, there’s also been another who was also just as “daring” when it came to finding ways as to extract monetary gains by ill-gotten means: Victor Lustig. Lustig is best known as “The man who sold the Eiffel Tower.” However, it was one of his other cons that came to mind as I was thinking about the current state of monetary policy we now find ourselves in. Lustig’s other con was a device he slated would print $100 bills. But it had a problem. Unbeknown to his mark, this problem was also part of the deception. The problem was (as stated by Lustig) – it could only print 1 bill every 6 hours. The genius was; located within the machine it contained two genuine $100 bills. After that – blanks. You could be long gone, and quite far with that kind of head start back then. Yet, it’s once the con, ruse, or scam is finally exposed one thing is certain: You don’t want to still be around or found. As with any con game the perpetrator knows it’s all a con. In other words, “Duh!” Yet, if you listen closely to both past as well as present Fed. members you can’t help but notice by way of their current arguments, as well as, proposals for future monetary policy. The one’s who’ve truly bought into “the con” is: themselves! Nowhere has this been on display more than the current public writings and musings of former Fed. Chair Ben Bernanke. If you read his latest (which I’ve tried but can’t bear that much comedy in one sitting) he lays out what he thinks (or believes) should now take place involving Congress, the Administration, and the Fed. His great idea? Create and “fill” some arbitrary account which only the Fed. or its appointed designates have control of as to “empty” or “fill” as “Congress and Administration” see fit. But here’s the punchline, ready? “Importantly, the Congress and Administration would have the option to leave the funds unspent. If the funds were not used within a specified time, the Fed would be empowered to withdraw them.” (Insert laugh track here) Remember, this is coming not only from the former Chair, but also, one who is quite possibly the most emblematic of current thought residing throughout central bank policy makers with an additional caveat: He’s no longer bound by the position where his thoughts need to be guarded as a voting member of such policy lunacy. In other words: he can now speak his mind openly. To which I’ll muse – that’s no laughing matter when you consider how prevalent Keynesian economics now dominate. The latest from Bernanke exposes just how far down this “rabbit hole” central bankers have gone. So far I’ll contend – its frightful. e.g., They actually believe this subterfuge. When I’m giving a talk, or engaged in conversation, I often use the term “con game” when describing current monetary policy and its effect on business and more. Often the term “con” at first seems to put people on the defensive as if I’m using hyperbole, or trying to make a point by using over the top styled rhetoric. The problem is (I’ll explain) it is exactly that. e.g., Many forget “con” stands for confidence in con-game. And now that the $Dollar along with just about every other currency is all fiat based: confidence is the only variable that supports it in a fiat system. Period. And once it’s lost just as with any “con” – it ends with blinding speed and consequences.” This is the current danger now inherent after years of QE, NIRP, ZIRP, and every other acronym that represents some form or another of central bank intervention within the markets. So adulterated have the markets now become with central bank meddling; describing them without using quotes such as “markets” seems reckless. For these are far from the markets once thought to represent free market capitalism. Today they are “markets” in name only. For just like currencies – they’re no longer backed by anything once considered tangible like gold or actual net profits via 1+1=2 accounting. At some point printing ad infinitum, as well as, companies reporting (ad infinitum!) losses of Billions in sales and revenue while declaring “We’re killing it!” via Non-GAAP accounting will make even the most ardent supporter of Keynesian thinking question this new reality. The absurdity can only go on for so long, because, to keep up the ruse (just like suckers) more absurdity is needed. We may be reaching that end point after all these years. And the latest clue might be in the absurd recommendations emanating from central bankers themselves. For it’s becoming clearer by the day if one reads Bernanke’s latest: they think this all makes perfect sense. Talk about absurdity. Let me pose this question: Does anyone for a moment think China would (or will) allow the Federal Reserve along with the U.S. government carte blanche as to create “piggy banks” that can be used to help bolster its position without calling into attention the absurdity of it? Especially as it holds $TRILLIONS of U.S. debt on its own books? Imagine all this while not only the U.S. but the world of central bankers and other governments push, or brow beat Chinese current policies? Or, question their numbers for authenticity? How about Russia? Or Brazil? Or __________(fill in the blank.) Think they’ll all just stand idly by as their economies teeter on the brink of insolvency as the West just prints and points fingers? If you listen to the musings emanating from many of the central bankers today whether currently holding an active position, or one which has returned to the “private” sector. One would have to construe that they believe exactly that. i.e., Don’t worry – they’ll buy it because that’s what we want them too. And that absurdity is a glaring warning sign from my viewpoint. This shows just how far down this absurdity “rabbit hole” we’ve gone. And it can be directly contrasted with the con games of old. For it was always a given: for the ruse to work for the benefit of the perpetrator – one must have both the sense as well as alertness to “get outta Dodge” and not to be seen again as the game blows up. Today? So enamored with the ruse they now fall all over themselves whether on TV, radio, or print, professing what absurdity should take place next to any and all that will listen. Again, even Lustig knew printing money ex nihilo was a con. Yet today, central bankers regard that as: prudent monetary policy. The difference for a contrast in the absurdity? Before; it landed you a session in jail. Today? It lands you a speaking gig for $250K a session. |
| The Probability Of The Economic Collapse Happening This Year Is Increasing: Chris Martenson Posted: 17 Apr 2016 05:30 PM PDT from X22Report Spotlight: With Gold and Silver Smashed Below Their Respective 200 Day Moving Averages On the Heels of the FOMC Statement, Alasdair Macleod Joins the Show to Discuss All the Action. |
| Saudi King And Princes Blackmail The U.S. Government: What Happens Next Posted: 17 Apr 2016 05:30 PM PDT Submitted by Eric Zuesse, author of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity. Saudi King & Princes Blackmail U.S. Government Saudi Arabia, owned by the Saud family, are telling the U.S. Government, they’ll wreck the U.S. economy, if a bill in the U.S. Congress that would remove the unique and exclusive immunity the royal owners of that country enjoy in the United States, against their being prosecuted for their having financed the 9/11 attacks, passes in Congress, and becomes U.S. law. As has been well documented even in sworn U.S. court testimony, and as even the pro-Saudi former U.S. Secretary of State Hillary Clinton acknowledged privately, "Donors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide.” She didn’t name any of those “donors” names, but the former bagman for Osama bin Laden, who had personally collected all of the million-dollar+ donations (all in cash) to Al Qaeda, did, and he named all of the senior Saud princes and their major business-associates; and, he said, "without the money of the — of the Saudi you will have nothing.” So, both before 9/11, and (according to Hillary Clinton) since, those were the people who were paying virtually all of the salaries of the 19 hijackers — even of the four who weren’t Saudi citizens. Here’s that part of the bagman’s testimony about how crucial those donations were: Q: To clarify, you’re saying that the al-Qaeda members received salaries? A: They do, absolutely. So: being a jihadist isn’t merely a calling; it’s also a job, as is the case for the average mercenary (for whom it doesn’t also have to be a calling). The payoff for that job, during the jihadist’s life, is the pay. The bagman explained that the Saud family’s royals pay well for this service to their fundamentalist-Sunni faith. Another lifetime-payoff to the jihadists is that, in their fundamentalist-Sunni culture, the killing of ‘infidels’ is a holy duty, and they die as martyrs. Thus, the jihadist’s payoff in the (mythological) afterlife is plenty of virgins to deflower etc. But, the payers (the people who organize it, and who make it all possible) are the Saud family princes, and their business associates — and, in the case of the other jihadist organizations, is also those other Arabic royal families (the owners of Qater, UAE, Kuwait, Bahrain, and Oman). However, 9/11 was virtually entirely a Saudi affair, according to Al Qaeda’s bagman (who ought to know). The report of the threat by the Saud family comes in veiled form in an April 15th news-story in The New York Times, headlined, “Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill.” It says that the Saud family’s Foreign Minister is “telling [U.S.] lawmakers that Saudi Arabia would be forced to sell up to $750 billion in [U.S.] treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.” The NYT says that this threat is nothing to take seriously, “But the threat is another sign of the escalating tensions between Saudi Arabia and the United States.” While the carrying-out of this threat would be extremely damaging to the Saud family, the NYT ignores the size of the threat to the Sauds if their 9/11 immunity were removed — which could be far bigger. Consequently, this matter is actually quite a bit more than just “another sign of the escalating tensions between Saudi Arabia and the United States.” Russian Television is more direct here: “Saudi Arabia appears to be blackmailing the US, saying it would sell off American assets worth a 12-digit figure sum in dollars if Congress passes a bill allowing the Saudi Government to be held responsible for the 9/11 terrorist attacks.” (The Saudi Government is owned by the Saud family; so, even that statement is actually a veiled way of referring to the possibility that members of the royal Saud family — the individuals name by the bagman — could be held responsible for 9/11.) Even immediately in the wake of the 9/11 attacks, there had been some mentions in the U.S. press of the U.S. Government making special allowances for Saud Prince Bandar al-Saud, a close friend of the Bush family (and he was also one of the Saudi Princes mentioned specifically by the bagman), to fly out of the country to avoid being sought by prosecutors. Furthermore, Newsweek’s investigative journalist, Michael Isikoff, headlined on 12 January 2001, “The Saudi Money Trail”, and he reported statements from royal Sauds, that they didn’t really mean for their donations to be going to such a thing as this. (Perhaps those individuals didn’t, but Bandar almost certainly did, because he was the Saud Ambassador to the U.S. at the time of 9/11.) However, now that the U.S. Government is relying heavily upon Saudi money to pay for the U.S. weapons and to help to organize the operation to overthrow Bashar al-Assad in Syria and to replace him with a fundamentalist-Sunni leader, there is renewed political pressure in the United States (from the victim-families, if no one else), for the arch-criminals behind the 9/11 attacks to be brought to American justice. After fifteen years, this process might finally start. That would be a drastic change. Clearly, the threat from the Sauds is real, and the royal response to this bill in the U.S. Congress reflects a very great fear the owners of Saudi Arabia have, regarding the possible removal of their U.S. immunity, after 15 years. Prosecution of those people will become gradually impossible as they die off. But a lot more time will be needed in order for all of the major funders of that attack to die natural deaths and thus become immune for a natural reason — the immunity of the grave. The U.S. Government has protected them for 15 years; but, perhaps, not forever. To say that this threat from the Sauds is just “another sign of the escalating tensions between Saudi Arabia and the United States” seems like saying that a neighbor’s threat to bomb your house would constitute just “another sign of escalating tensions” between you and your neighbor. The passing-into-law of this bill in Congress would actually constitute a change from the U.S. Government being a friend and partner of the Sauds, to becoming their enemy. Obviously, there is little likelihood of that happening; and, on April 20th and 21st, U.S. President Barack Obama is scheduled to meet with Saudi King Salman al-Saud. Without a doubt, this topic will be on the agenda, if it won’t constitute the agenda (which is allegedly to improve U.S. relations “with Arab leaders of Persian Gulf nations” — not specifically with Saudi King Salman and with his son Prince Salman). If President Obama represents the American public, then the Sauds will have real reason to fear: the U.S. President will not seek to block passage of that bill in Congress. However, if the U.S. President represents instead the Saud family, then a deal will be reached. Whether or not the U.S. Congress will go along with it, might be another matter, but it would be highly likely, considering that the present situation has already been going on for fifteen years, and that the high-priority U.S. Government foreign-policy objective, of overthrowing Bashar al-Assad, is also at stake here, and is also strongly shared not only by the Sauds but by the members of the U.S. Congress. Furthermore, the impunity of the Saud family is taken simply as a given in Washington. And, the U.S. Government’s siding with the Sauds in their war against Shia Muslims (not only against one Shiite: Assad) goes back at least as far as 1979. (Indeed, the CIA drew up the plan in 1957 to overthrow Syria’s Ba’athist Government, but it stood unused until President Obama came into office.) Furthermore, the U.S. Government is far more aggressive to overthrow Russia-friendly national leaders, such as Saddam Hussein, Muammar Gaddafi, Bashar al-Assad, and Viktor Yanukovych, than it is to stop the spread of fundamentalist Sunni groups, such as Al Qaeda, ISIS, etc.; and, a strong voice for U.S. foreign policy, the Polish Government, even said, on April 15th, that as AFP headlined that day, “Russia 'more dangerous than Islamic State', warns Poland foreign minister”; and Russia itself is, along with Shiite Iran, the top competitor against the fundamentalist Sunni Arab royal families in global oil-and-gas export markets. So, clearly, the U.S. Government is tightly bound to the Saud family. Terrorism in Europe and America is only a secondary foreign-policy concern to America’s leaders; and the Saud family are crucial allies with the U.S. Government in regards to what are, jointly, the top concerns of both Governments. Consequently, there is widespread expectation that some sort of deal will be reached between U.S. President Barack Obama and the Saudi leaders, King and Prince Salman, and that the Republican-led Congress will rubber-stamp it, rather than pass the proposed bill to strip the Saud family’s immunity. |
| "This Will All Blow Up In The Fed's Face," Schiff Warns "Trump's Right, America Is Broke" Posted: 17 Apr 2016 05:10 PM PDT Euro Pacific Capital's Peter Schiff sat down with Alex Jones last week to discuss the state of the economy, and where he sees everything going from here. Here are some notable moments from the interview. Regarding how bad things are, and what's really going on in the economy, Schiff lays out all of the horrible economic data that has come out recently, as well as making sure to take away the crutch everyone uses to explain any and all data misses, which is weather.
On the Fed, and current policies, he very bluntly points out that nothing is working, nor has it worked, but of course the central planners will try it all anyway. He also takes a moment to agree with Donald Trump regarding the fact that the U.S. is flat out, undeniably broke.
On how he sees everything unfolding from this point, Peter again points out that the economy is weak and it's only a matter of time before this entire centrally planned manipulation is exposed for what it is, and becomes a disaster for the Federal Reserve. He likens how investors are behaving today to the dot-com bubble, and the beginning of the global financial crisis.
*** Full Interview Here |
| Posted: 17 Apr 2016 04:35 PM PDT When it comes to skewering logic, cause and effect, and simple facts, nobody does it quite like Goldman. Which is why when we got the just released post-mortem of the Doha deal from Goldman's energy analysts Courvalin and Jeffrey "short gold" Currie, we fully expected them to spin today's unprecedented OPEC failure into a bullish catalyst. Not even they were so bold. However, since Goldman apparently still has some more oil left to sell, it does spin the ongoing Kuwait strike into a catalyst that is "bullish fundamentals" and may offset some of the negative sentiment from the oil price collapse in the aftermath of what has been the most anticlimiatic two-month buildup in OPEC history. The one piece in the below report that is not pure "duh" (or rather "D'oh") is Goldman's warning that "we view risks to our Saudi forecast as skewed to the upside" - if indeed the warning by the Saudi deputy crown prince Mohammed bin Salman is a hint of what's coming, and Saudi Arabia does boost oil production by 1MM barrels overnight as bin Salman casually hinted earlier in a Bloomberg interview, then watch out below, especially since the Kuwait strike which has taken 1.7mm b/d offline is precisely the opportunity the Saudis needs to really show the world how much extra oil they can produce. Here is Goldman's take: Lack of OPEC freeze is bearish sentiment but Kuwait strike is bullish fundamentals OPEC and several non-OPEC producers failed to reach an agreement to freeze production in Doha today, Sunday April 17. Participants commented on requiring more time to reach a deal although the key stumbling block appears to be the requirement by Saudi Arabia that Iran participates. Saudi's stance is consistent with comments by deputy crown prince Mohammed bin Salman during two interviews with Bloomberg this month (April 1 and Thursday April 13) and goes against Iran's long held goal to quickly increase production to recover market share. On its own, we view this outcome as bearish for oil prices given consensus expectations for a "soft guidance" freeze at January production levels. But this lack of an agreement does not imply that OPEC production will recover in the short-term, as the year-to-date stabilization owes to ongoing disruptions and maintenance rather than coordination. It is further of no impact to our forecasts as year-to-date production of OPEC (ex. Iran) and Russia have remained close to our 2016 average annual forecast of 40.5 mb/d. Further, the weekend also saw the start of Kuwait's oil worker strike, which according to Bloomberg has led to crude production falling to as low as 1.1 mb/d from 2.85 mb/d in March, which is significant and can lend further support to the recent strength in Brent and Dubai timespreads. The level of the actual disruption remains uncertain as the latest comments of the oil sector spokesman were of unaffected oil exports and of production rates gradually improving with normal levels "not far off" (Reuters as of 3 pm EST). In addition, the Kuwait Oil Co. is aiming to find laborers to support production. But while this strike may be short lived (it is a labor dispute and not a disruption), ongoing OPEC production disruption, gradually declining non-OPEC production as well as planned maintenance in the face of resilient oil demand in 1Q have recently pointed to improving oil fundamentals. This leaves the market reaction early this week as uncertain, with risks skewed to a sharp sell-off only should the Kuwait disruption prove much smaller than suggested so far. Either way, we believe that the weekend headlines will further support the already high level of price volatility. * * * Beyond the end of disruptions and maintenance, there remains potential for higher production than we forecast from several OPEC members. Iran, the Neutral Zone and Libya could potentially provide additional production growth in coming months, with vessel tracking over the past two weeks pointing to rising Southern Iraq and Iran exports. Finally, while we expect Saudi production to only rise to 10.35 mb/d during 2Q-3Q16, this simply reflects a smaller than seasonal increase in Saudi crude burn for power generation, given (1) normal weather vs. last year's average hot temperatures, (2) the ramp-up of the Wasit gas processing plant, (3) reduced fuel subsidy and government expenditures and (4) potentially reduced military demand should the Yemen truce, started April 10, prove sustainable. We therefore view risks to our Saudi forecast as skewed to the upside: it is at the guidance provided by the deputy crown prince in his latest interview with Bloomberg this week, with such volumes presented as contingent on a deal to freeze production being reached. |
| Jim Rickards: Gold is the spectre haunting our monetary system Posted: 17 Apr 2016 04:10 PM PDT 7:10p ET Sunday, April 17, 2016 Dear Friend of GATA and Gold: The ubiquitous Jim Rickards has broken into the Telegraph and London with an essay explaining why gold just won't go away and why various nations have an interest in continuing to recognize it as the best sort of money even as others are determined to stamp it out. Rickards' essay is headlined "Gold Is the Spectre Haunting Our Monetary System" and it's posted at the Telegraph here: http://www.telegraph.co.uk/business/2016/04/17/gold-is-the-spectre-haunt... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit: http://www.goldmoney.com/?gmrefcode=gata Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference: https://jeffersoncompanies.com/landing/2014-av-powell Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| Posted: 17 Apr 2016 02:00 PM PDT US, Europe, Asia, South America, Every Economy Crashing! - Michael Snyder of Economic Collapse Blog TOPICS IN THIS INTERVIEW:01:20 World Depression, Europe's Crash, Greece, Spain, Italy07:00 South America: Brazil, Venezuela Collapsing Fast08:00 Venezeula has Food Shortages and 700%... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Full Speech: Donald Trump Holds Rally in Poughkeepsie, NY (4-17-16) Posted: 17 Apr 2016 01:46 PM PDT Sunday, April 17, 2016: Full replay of the Donald J. Trump for President Rally in Poughkeepsie, NY at the Mid-Hudson Civic Center beginning at 3:00 PM EDT. Full Speech: Donald Trump Holds Rally in Poughkeepsie, NY (4-17-16) The Financial Armageddon Economic Collapse Blog tracks trends... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| NY Post picks up on Deutsche's confession but where are other news organizations? Posted: 17 Apr 2016 01:25 PM PDT 4:28p ET Sunday, April 17, 2016 Dear Friend of GATA and Gold: While the New York Post yesterday took note of Deutsche Bank's confession to gold and silver market manipulation and its pledge to incriminate other banks -- see the report appended -- as far as your secretary/treasurer can determine, only Reuters and Bloomberg News, among mainstream financial news organizations, have yet reported the story, not counting the predictably snarky and beside-the-point commentary Friday in the Financial Times by its columnist John Dizard: http://www.gata.org/node/16385 GATA has alerted most major Western financial news organizations to the Deutsche Bank story, though they were almost certainly fully aware of it already. While Deutsche Bank's confession makes gold and silver market rigging impossible to deny, financial news organizations remain willing to suppress the story as they have been doing for years, lest they aggravate their advertisers and governments. So while the struggle is slowly breaking our way, it very much continues, with financial news organizations and gold and silver mining companies bearing much responsibility for the injustice they won't acknowledge. CHRIS POWELL, Secretary/Treasurer * * * Investors Get the Gold off of Banks' Precious Metals Manipulation By Michael Gray http://nypost.com/2016/04/16/investors-make-golf-off-banks-manipulation-... For many years, precious metal commodity investors have screamed over certain price movements. Then came the convictions and penalties for the banks involved in the Libor rigging scandal, which gave the gold and silver traders some ammo for their own challenge. In 2014 these precious metal future traders sued a group of banks including Deutsche Bank, HSBC, Scotiabank, and UBS, alleging in a number of civil suits that they unlawfully manipulated the price of gold and silver and their derivatives. ... Dispatch continues below ... ADVERTISEMENT Buy precious metals free of value-added tax throughout Europe Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries. Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world. Visit us at www.europesilverbullion.com. Investors accused the banks of abusing their power as three of the world's largest silver and gold bullion banks by dictating the price of the precious metals through a secret, once-a-day meeting known as the Silver Fix and Gold Fix. No one involved thought the case had much of a chance -- despite getting class-action status last year. Yet last week Deutsche Bank agreed to settle US litigation over the allegations that it illegally conspired with others to fix precious metal prices at the expense of investors, according to a court filing. Although terms were not disclosed, Deutsche will include a monetary payment to the plaintiffs, a letter filed in Manhattan federal court by lawyers for the investors said. Deutsche has signed a binding settlement term sheet and is negotiating a formal settlement agreement to be submitted for approval by Manhattan federal Judge Valerie Caproni, who oversees the litigation. A Deutsche spokeswoman declined to comment. Lawyers for the investors did not respond to requests for comment. According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating US antitrust law. Deutsche is also cooperating with the investor group to release further information regarding correspondences with other banks on the fix. Spokesmen for HSBC and Scotiabank declined to comment, saying they could not discuss pending litigation. A spokeswoman for UBS did not respond to requests for comment. Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: |
| A one world Central Bank and Taxation System - Jeff Berwick Posted: 17 Apr 2016 01:21 PM PDT The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Richard Wolff - Economic Update – April 15, 2016 Posted: 17 Apr 2016 12:51 PM PDT The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| CRB, Gold, The Fed has Unleashed Inflation Posted: 17 Apr 2016 11:45 AM PDT And it wants more of it. From mid-2014 until early 2016, commodities as an asset class, collapsed some 45%. |
| George Carlin You Don't Have Rights, You Have Privileges................ Posted: 17 Apr 2016 11:33 AM PDT If you want to hear the truth even if it´s not all something you want to hear, you can have things really like never before. George Carlin (1937 - 2008). R.I.P. George................... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Is Deutsche Bank’s Gold Manipulation The Main Scam Or Just A Side-Show? Posted: 17 Apr 2016 09:44 AM PDT For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated they’re the only market that isn’t.” That was unsatisfying, though, because as the big banks got caught scamming their customers on interest rates, mortgage bonds, forex and commodities trades, those […] |
| Who Is The Rothschild Family and How Much Power Do They Have? Posted: 17 Apr 2016 07:58 AM PDT Since the 18th century, the Rothschild family has become one of the world's richest families. So how much influence do the Rothchilds have? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,... [[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]  |
| Breaking News Links — April 17, 2016 Posted: 16 Apr 2016 01:19 PM PDT Earnings season is a mess so far, especially for the big banks and hedge funds. US growth slows further, OPEC’s production freeze may be falling apart, and the Panama Papers keep claiming new victims. Trump and Clinton should win New York. Oh, and Deutsche Bank admits that it manipulated the silver market and is poised to name […] |
Hayman Capital founder Kyle Bass sat down recently for a conversation with Maria Bartiromo and Gary Kaminsky on Wall Street Week. He covered a variety of topics such as NIRP, income inequality, and the U.S. presidential race. As our regular readers know, Kyle correctly predicted the housing crisis, and is now calling for the yuan to be dramatically devalued.
We use the term "Keynesian" loosely to stand for economic interventionists of all schools. The followers of JM Keynes and Milton Friedman alike fit that category. So do some of the more rabid supply siders who claim the power to stimulate ultra-high economic growth with the tools of tax policy alone.
"What if you were appointed to head the Fed? In your first week on the job, what would you do?"
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