from The Victory Report:
Greece’s infamous new drug, sisa, is basically meth and filler ingredients like battery acid, engine oil, shampoo, and cooking salt. The majority of its users are poor, often homeless, city dwellers reeling from the psychological and physical impacts of a country in the grip of economic collapse.
Dirty Laundry, Golden Money – Darryl Robert Schoon
Everything you need to know that the media is not telling you…
Stefan Molyneux, host of Freedomain Radio – and winner of the 2012 Liberty Inspiration Award – breaks down the unspoken facts about the end of freedom, opportunity and trade in the modern United States. There will be no economic recovery, prepare yourself accordingly.
As the market panic demonstrates, central banks are stuck on a treadmill of money printing
Oh what a tangled web central bankers weave when they practice to deceive… Last night’s panic in Tokyo, where the Nikkei dropped a stomach churning 7 per cent, demonstrates just how difficult it’s going to be for the world’s central banks to exit their loose money policies.
It’s not even as if Ben Bernanke, chairman of the [...]
This is on CNN, no less:
Stocks have had a stellar year so far. In fact, the rally has gotten so heated that some investors are making bets on a big crash.
Universa Investments, which spends hundreds of millions of dollars a year buying crash protection, has attracted a record amount of money into its fund this quarter.
“People are starting to recognize that these market moves are unnatural and distorted,” said Universa [...]
by Phoenix Capital Research
Japan’s Nikkei, after rallying over 70% since November, just collapsed 11% in less than two days. Looking at the chart, it’s pretty clear where this thing is heading: the same as the NASDAQ in 2000.
This is the problem with economic policy that focuses on pushing stocks higher: eventually the collapsing economy comes home to roost and stocks implode. We saw this in 2000 and 2008. We’re currently [...]
Jim Rickerts View.
Stock market returns are high because of buy-backs. The shares are retired, the company does not have to pay out dividends and the yield goes up.
And more in this Keyser report with guest Jim Rickerts.
A liquidity trap is a situation described in Keynesian economics in which injections of cash into [...]
Wow, it took over one day before the Fed came out to do damage control on Bernanke’s Congressional double speak Wednesday that set the markets on a correction.
Fed’s Bullard Wants Faster Inflation Before Tapering QE
“Before I am in favor of tapering I would like to see some assurance that inflation is going to move back towards target,” he said.
U.S inflation fell to a two-year low of 1.1 percent earlier this [...]
Abby Martin talks to Dr. John Trumpbour, research director at Harvard Law School’s labor and work life program, about the theory of the clash of civilizations, the idea that a culture or war is inevitable and inherent in the relationship between the East and West; Hollywood’s homogenization of US culture and Harvard’s perpetuation of the ruling class.
by Charles Hugh-Smith
About the claim that central banks will never let asset bubbles pop ever again–their track record of permanently inflating asset bubbles leaves much to be desired.
The problem with trying to solve all our structural problems by injecting “free money” liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences.
As noted [...]
Today’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Gold climbed $24.80 or 1.78% yesterday to $1,392.00/oz and silver finished up 0.16%.
After a volatile and momentous week for global markets, gold and silver look set to finish higher in all currencies and have their best week in a month.
Cross Currency Table – (Bloomberg)
Holdings in [...]
The interviewer’s talking about how Obama’s term will be up in 2016 so its the beginning of the end for him. Maxine Waters says “Well, I don’t know about that…
“The president has put together an organization with data the likes of which we’ve never seen before,,,” And goes on to talk about how powerful that information is…
Its only 1 1/2 min long but what she says outright and what she [...]
Whole Foods Market announced today at Natural Products Expo West that, by 2018, all products in its U.S. and Canadian stores1 must be labeled to indicate whether they contain genetically modified organisms (GMOs)2. Whole Foods Market is the first national grocery chain to set a deadline for full GMO transparency.
ALERT!… USDA Forces Whole Foods To Accept Monsanto!
In the wake of a 12-year battle to keep Monsanto’s Genetically Engineered (GE) [...]
Bass On Japan’s Turbo QE: “It Won’t Be Enough”
If JGB investors ‘believe’ as Richard Koo earlier noted, in the BoJ’s new actions and Abenomics (to double the monetary base and generate inflation), then, Kyle Bass explains, a rational investor is likely to sell a portion if not all of them. The BoJ only has JPY10 trillion cushion (after the JPY60 trillion deficit) to soak up this ‘rational investor paradox’ selling and this [...]
The best kept secrets of the Dollar. Is the whole US economy a farce?
The footage obtained by the Daily Mirror reveals how, after beheading the soldier, they hatched a plot to ambush and murder the first police officers to come to his aid
Woolwich attack: Watch shocking video of suspect with bloodied hands wielding knives issue warning
The video, obtained by ITV News, shows a bloodied man after the brutal attack in the street
mirror.co.uk (1 day ago)
Police appeal for calm after Woolwich machete attack
Metropolitan Police [...]
As Americans prepare for Memorial Day—the official kickoff to a summer grilling season of burgers and T-bones—rising beef prices have some consumers balking in the grocery aisles.
Retail beef prices are widely expected to set new records in coming weeks after wholesale prices, or the amount meatpackers charge sellers for beef, hit an all-time peak this past week.
After achieving new highs for three weeks, choice-grade beef, the most common variety in [...]
Hungary has taken a bold stand against biotech giant Monsanto and genetic modification by destroying 1000 acres of maize found to have been grown with genetically modified seeds, according to Hungary deputy state secretary of the Ministry of Rural Development Lajos Bognar. Unlike many European Union countries, Hungary is a nation where genetically modified (GM) seeds are banned. In a similar stance against GM ingredients, Peru has also passed a [...]
by Greg Canavan, Daily Reckoning.com.au:
Yesterday was a doozy, wasn’t it? Where to start?
The Aussie dollar fell below 97 cents. The ASX200 fell more than 100 points, or around 2%. The Nikkei collapsed over 7%, after starting the day rallying mindlessly. The index experienced a 1,000+ trading range. We also heard that China’s manufacturing sector tipped back into recession, and that Ford won’t be making cars in Australia any more.
Standby for a Paul Krugman [...]
by J. D. Heyes, Natural News:
The financial institution that came to epitomize the “too big to fail” concept should have been left to its own economic destruction during the days of the Great Recession it helped to cause back in 2008-09, because had it been allowed to go under, its criminal behavior would have ended then.
But as it was, the taxpayer bailout of the financial giant JPMorgan did not “teach” it’s [...]
From Financial Highway:
Ever since I got new place and did an inventory of my necessities and niceties, I figured out I was overspending at my old pad. Common things I realized I didn’t need, use, or even want were eating up an eighth of my paycheck. Read on to see what they were, how much it used to cost, and how to replace it with something cheaper.
1. Having a Landline
Gerald Celente – Trunews – May 22, 2013
57: Chirinkotan Volcano erupts in Kuril Islands of Far East Russia
Posted on May 24, 2013by The Extinction Protocol
May 24, 2013 – RUSSIA, FAR EAST – The remote volcano in the northern Kuriles is probably in eruption, the latest SVERT report and satellite images suggest. A plume of gas and steam, and possibly some minor amounts ash was seen with the MODIS sensor onboard the NASA Terra satellite this morning. Satellite [...]
A member of the Greek parliament from the far right party Golden Dawn has urged desperate people in the country to “kill those who are responsible for their problems” rather than commit suicide. He defines “those who are responsible” as bankers.
Ilias Panagiotaros made the comments during an interview for the Dateline show broadcast by Australian network SBC.
“Golden Dawn aspires to become like Hezbollah as a second government for the benefit [...]
Sen. Robert Menendez (D-N.J.) said Friday that the “Gang of Eight” immigration bill doesn’t have enough votes to pass the Senate.
The bill won approval from the Senate Judiciary Committee in a 13-5 vote, but Menendez said it lacks the 60 votes necessary to clear the Senate — despite the bill’s four Republican co-sponsors.
“We don’t currently have 60 votes identified in the Senate,” Menendez said in an interview with Univision. “We [...]
MANILA (AFP) – The Philippines vowed Thursday to fight China “to the last man standing”, as a Chinese warship patrolled around a remote reef occupied by a handful of Filipino marines in disputed waters.
In the latest flare-up over competing claims to parts of the South China Sea, the Philippines this week denounced the “provocative and illegal presence” of the warship and a fleet of Chinese fishing vessels near Second Thomas [...]
BEDFORD, Mass. (MyFoxBoston.com) — At least two passengers in a plane that departed from Hanscom Field died after it crashed in New York Friday.
An FAA official tells FOX 25 the Piper PA 34 crashed about 1/2 mile west of Garoga, N.Y. at about 5:10 p.m. Garoga is a hamlet in the town of Ephratah on the southern border of Adirondack Park.
The flight was headed to Rome, N.Y. The crash occurred about 60 miles east of the [...]
STANFORD, Calif. – The evidence is overwhelming: Humanity is pushing humanity’s life-support systems rapidly toward a tipping point that will likely imperil society’s well-being.
Human quality of life will suffer substantial degradation by the year 2050 if we continue on our current path.
Five ninth-grade young women from Denmark recently created a science experiment that is causing a stir in the scientific community.
It started with an observation and a question. The girls noticed that if they slept with their mobile phones near their heads at night, they often had difficulty concentrating at school the next day. They wanted to test the effect of a cellphone’s radiation on humans, but their school, Hjallerup School in [...]
From Dividend Growth Stock Investing:
“The most powerful force in the Universe is compound interest” – Albert Einstein
Dividend growth stocks offer investors a compounding effect beyond any other type of investment. There are not just one, not just two [...]
“Central bankers claim that they aren’t starting a currency war,” wrote market expert Ed Yardeni. “They deny that their policies are aimed at the competitive devaluation of their currencies. Let’s call it competitive ultra-easing.”
The Federal Reserve has famously been keeping rates low since the financial crisis. In recent months, the Bank of Japan has made stunning calls to devalue its own currency.
In recent weeks, many of the world’s other central banks have been cutting rates [...]
Richard Russell on May 17, 2013:
“The CPI is manipulated, and I believe gold is being manipulated as well. The Fed’s QE4ever is inflating everything — school tuition, haircuts, food, gas, insurance, medicine. They’ve already “rearranged” the CPI, so what’s left for them to do to keep us from knowing about inflation? Oh yes, it’s gold, so c’mon, Bernanke, keep the lid on gold. Slam it in after-market trading in the thin [...]
The attorney general distanced himself from one controversial media snooping case. But according to NBC, he’s deeply tied to another one.
The growing furor over the Obama administration’s secret investigation of journalists took a sharp turn Thursday with the revelation that Attorney General Eric Holder had personally authorized a controversial search warrant targeting a Fox News reporter.
Holder signed off on the search warrant for James Rosen, Fox’s chief Washington correspondent, that [...]
Trading in gold using the Chinese currency has tripled in Hong Kong this year as the yuan’s rally to a 19-year high helps limit risks for jewelers.
Average daily volume was 6.5 billion yuan ($1.1 billion) in the first five months of this year, compared with 1.8 billion yuan for the same period in 2012, according to the Chinese Gold & Silver Exchange Society, the city’s century-old bullion house. That exceeds the 4.9 billion yuan [...]
LONDON BRIDGE UNDERGROUND STATION CLOSED AFTER MAN WITH AXE SPOTTED — REPORTS
Pictures coming in:
PHOTO: Armed police officers respond to disturbance at London Bridge station -
@mpoppel: Southern Rail says London Bridge station closed due to a ‘disturbance’ at the station
@NewsBreaker: DEVELOPING: @ChrissyPC: “A guy with an axe was on my train” #londonbridge
BREAKING…..M6 Motorway closed both ways….suspicious vehicle
NEW YORK (TheStreet) — About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow.
Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. “But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move,” according [...]
Greece was supposed to get it’s debt to GDP ratio to 100% by 2012, then 100% by 2013, then 110% by 2014. Now Jeroen Dijsselbloem, president of the Eurogroup finance ministers, says Greece May Get Still More Time to meet fiscal targets.
Read more at http://globaleconomicanalysis.blogspot.com/2013/05/greek-debt-unchanged-since-2010-eu-to.html#0fxdrwrrtQP6P8wJ.99