by Phoenix Capital Research
Japan has fueled much of this latest rally in stocks, driving the marketing first with promises of money printing by the Prime Minister in November 2012, and then a massive $1.2 trillion QE program announced by the Bank of Japan last month.
The result of this has been a collapse in the Yen and a 70%+ rally in the Nikkei in the last six months.
This has been the fundamental [...]
“Barack Obama’s “American” values, The Associated Press reports that the Obama Administration seized phone records… & “war time sex slaves were necessary” says Japanese mayor! NO OUTRAGE?!”
“We don’t have to worry about a recession — we are in a depression,” says Jim Rickards.
“We don’t have to worry about a recession — we are in a depression,” says James Rickards.
“If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression,” says the senior managing director of Tangent Capital and author of “Currency Wars.”
“The Refusal of King George III to Allow The Colonies To Operate An Honest Money System, Which Freed The Ordinary Man From The Clutches of The Money Manipulators Was Probably The Prime Cause Of the Revolution.”
-Benjamin Franklin, U.S. Founding Father
There is no better topic than gold to polarise an investment discussion. So the recent sharp drop in the metal’s price has pushed to fever pitch the debate between two camps with deeply held convictions: those who view gold as overvalued and lacking both income and capital appreciation attributes; and those who feel it is only a matter of time before others appreciate again gold’s unique role as an [...]
A rare peek into a Justice Department leak probe
When the Justice Department began investigating possible leaks of classified information about North Korea in 2009, investigators did more than obtain telephone records of a working journalist suspected of receiving the secret material.
They used security badge access records to track the reporter’s comings and goings from the State Department, according to a newly obtained court affidavit. They traced the timing of his [...]
Today’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Friday’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce.
Gold fell $22.20 on Friday to $1,364.90/oz and silver closed at $23.632.
Silver fell victim to heavy, concentrated selling overnight in thin, illiquid Asian trading. Silver was slammed by 10% and fell from $22.36/oz to $20.30/oz in just four minutes – from 23:05 GMT to [...]
Star bond investor Jeffrey Gundlach says central banks around the world are distorting markets with enormous and ever-increasing quantitative easing programs, which he doesn’t see ending anytime soon.
Storm spotters report a tornado on the ground in the northern Oklahoma City, Oklahoma, metro area near Edmond, OK.
Large, Dangerous Tornado hits KS
As many as 15 tornadoes have been reported by the National Weather Service this evening as severe thunderstorms continue across the Plains. Wichita and Oklahoma City areas have been among the reports. Hail, some as large as baseballs, have also been causing damaging across the region. Wind gusts [...]
A story in the Washington Post yesterday about the Internal Revenue Service’s Cincinnati office, which does most of the agency’s nonprofit auditing, clearly contradicted earlier reports that the agency’s targeting of Tea Party groups was the result of rogue agents.
The Post story anonymously quoted a staffer in Cincinnati as saying they only operate on directives from headquarters:
As could be expected, the folks in the determinations unit on Main Street have had trouble [...]
May 19th, 2013
In a controversial move that some believe will essentially lead to a de facto ban on semi-automatic handguns, Attorney General Kamala Harris announced that, effective immediately, all new semi-automatic firearms sold in the State of California will require a unique microstamp on every shell ejected when a gun is fired.
Microstamping, or ballistic imprinting, is a technology patented in the 1990?s by engineer and NRA member Todd Lizotte. When a gun [...]
US suspends Constitution in permanent world war on terror
Two disturbing developments have occurred in the last couple of days that have gone relatively unnoticed compared to the recent IRS, AP, and Benghazi scandals.
First, the senate is debating an expansion of the already broad powers of the 2001 Authorization to Use Military Force (AUMF) so the U.S. can essentially engage any area in the world in the war on terror, including [...]
Let’s go straight to the conclusion: too many mysteries are occurring in the gold market, in 2013, to accept them as regular facts. No matter at which “side” you are of what we consider the most controversial asset, you simply cannot deny that the following list of events is something stronger than suspicious. Most importantly, although the mainstream media were very fast to announce the potential sale of 10 tonnes [...]
The Past Two Weeks Were A Preview Of The ‘Horror Movie’ Coming To The Bond Market This Summer
Over the past few weeks, attention in financial markets has once again turned to the prospect of the Federal Reserve tapering back its monetary stimulus, spurred on by public speeches from Fed presidents and articles fromWSJ reporter Jon Hilsenrath, who is viewed as close to the central bank.
As concerns that the Fed may begin [...]
Steve Herman ‏@W7VOA 10m
#DPRK reported to have launched some short-range missiles into sea. #Korea
Steve Herman ‏@W7VOA 10m
Yonhap says #DPRK launched 3 short-range missiles into East Sea (aka Sea of Japan).
South Korea’s Ministry of Defense has detected three launches of short-range guided missiles by North Korea, it said.
Two launches were fired on Saturday morning and another one in the afternoon, reports Yonhap news agency. The missiles were fired from the east [...]
Meet the Wall Street-International Monetary Fund Brothers of Destruction; why Ben Bernanke can’t count; the 10-year hangover from the Tequila Trap; and the fox guarding the chicken coop. Seek truth from facts with Econned author Yves Smith, Web of Debt author Ellen Brown, former senior financial regulator Bill Black, Balkans specialist Nebojsa Malic, and globalization debunker Dr. Carlos Encinas
The U.S. will reach its debt limit on Saturday, Treasury Secretary Jacob Lew told congressional leaders in a letter on Friday, but said the U.S. is taking extraordinary measures to keep paying bills. Lew said those measures, including previously announced suspension of sales of state and local Treasury securities, won’t be exhausted until “after Labor Day.”
Lew asks Congress for debt increase, says it’s ‘not open to debate’
Treasury Secretary Jack Lew [...]
We Are Headed Directly Into A Brick Wall Where Everything Just Stops
Every market is going in the wrong direction in preparation for what is coming. Yes I know, this is always how it works when bubbles are being blown. Money is pouring into bonds in particular, stocks are being propped up and margin balances swollen, people are also being prodded into “selling” their Gold (paper obligations).
As I see it, we are headed [...]
Rep. Charlie Rangel (D., N.Y.), who was notably censured for not paying 17 years worth of taxes on rental income from a Dominican Republic villa he owned, said Friday morning, “This is wrong to abuse the tax system.”
News Channel “Fox News”, presented a video which shows IDF soldiers emerging from Syrian territory. Those who know and read between the lines, can understand that the story was probably in conjunction with the approval of the IDF and may aim to send a message to Assad.
Israel might strike Syria again soon, report says
The Wall Street Journal late Thursday cited US officials as saying that Israel could strike a weapon [...]
IRS Commissioner: Activity ‘Absolutely Not Illegal’
IRS commissioner Steven Miller said the IRS’s targeting of conservatives “is absolutely not illegal”:
IRS stalled conservative groups, but gave speedy approval to Obama foundation
When the Barack H. Obama Foundation sought tax-exempt status to raise money for good works in Kenya, the Internal Revenue Service provided quick help.
The IRS approved charitable status for the foundation, which was run by President Obama’s brother and named after his father, in [...]
Bankers Fixing The System story about banking industry in 2012 BBC documentary
With gripping first-hand accounts from banking insiders, regulators and politicians this film tells the story of two recent multi-billion pound trading disasters that rocked the City. It shows that some bankers are still taking reckless risks, five years after the crash that brought the world’s economy to its knees. Risk is the engine of growth but reckless risk can [...]
by Phoenix Capital Research
If you want to get a sense of what’s happening in the world, your best bet is to ignore Government data and focus on corporate revenues.
Why revenues? Because earnings can be massaged any number of ways (depreciation methods, laying off staff to cut costs, depletion of loan loss reserves for banks, etc.). But you cannot fake actual money coming in the door.
With that in mind, I want [...]
Switzerland’s cherished banking secrecy is under threat. In the ongoing battle against tax evasion, EU finance ministers have agreed to put pressure on the non-member nation to share its banking data with the Union. Investor Jim Rogers told RT that instead of trying to crack tax havens, EU leaders should address the real problems – like their own unchecked spending habits.
Ex-Military Bio-Environmental Engineer Kristen Meghan Blows Whistle On Air Force Chemtrails
Jim Rogers explains to Yahoo Finance Daily Ticker Host Lauren Lyster why he is not selling his Gold and why he is buying more during this correction.
President spoke to graduates from the traditionally African-American college
Told them to fight discrimination within their communities and outside
Said they have all been told they have to work ‘twice as hard’ as a black man
Said Hispanic, Muslim and gay people also understand discrimination
Praised alumni Martin Luther King Jr who studied at the college under segregation and the Jim Crow laws
President Barack Obama told graduates from the traditionally African-American Morehouse College yesterday [...]
Vitamin D has the potential to significantly cut the symptoms of sufferers.
Scientists at King’s College London made the discovery
The ‘sunshine’ vitamin resulted in lower levels of a natural chemical in the body that aggravates symptoms in asthma patients
Vitamin D could help asthma patients breathe more easily, claim British researchers.
Scientists at King’s College London have discovered vitamin D has the potential to significantly cut the symptoms of sufferers.
They say it may [...]
Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.
Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by [...]
Labor union chief calls immigration bill dangerous, sees agency as ‘approval machine’
The Senate’s immigration bill will raise national security risks and the Obama administration will do little more than “rubber-stamp” illegal immigrants into the program, endangering Americans, says the labor union representing the 12,000 employees who will have to approve the applications.
Kenneth Palinkas, president of the American Federation of Government Employees Council 119, which represents officers and staff at U.S. Citizenship and Immigration Services, will deliver a [...]
American households are under stress again, according to the latest consumer distress index by CredAbility.
“Despite the growth in jobs and an improved housing market, our index shows that the average U.S. household has seen little improvement in the past year and took a step back in 2013’s first quarter,” according to Phil Baldwin, CEO of CredAbility.
Baldwin is referring to the rise in payroll taxes at the start of the year, which [...]
Neumayer Station camera catches crazy sky light May 18, 2013.
North Korea fires 2nd projectile into the sea, South Korea says - @YonhapNews
(ATTN: UPDATES with firing of second projectile in first 5 paras)
SEOUL, May 20 (Yonhap) — North Korea fired two short-range projectiles into the East Sea on Monday, marking the third straight day of launches, South Korea’s defense ministry said.
The first launch occurred between 11 a.m. and noon, while the second took place between 4 p.m. and 5 p.m., the [...]
Report: Assad preparing missile strike against Tel Aviv in case attacked again
The Syrian army is deploying advanced surface-to-surface missiles aiming at Israel in the aftermath of the alleged Israeli strikes, The Sunday Times reports.
Syria is making preparations to strike Tel Aviv in case Israel launches another attack on its territory, The Sunday Times reported on Sunday.
The Syrian army has begun deploying advanced surface-to-surface missiles, the report said, adding that it has [...]
Bob Woodward: Obama Admin Didn’t Tell Truth on Benghazi (May 19, 2013)
New Yahoo CEO Marissa Mayer believes purchase of mico-blogging site will be a ‘stake in the ground’ for her tenure as head of the tech giant
Board approached all-cash purchase on Sunday, despite Tumblr having only $13million in revenue last year
David Karp founded Tumblr in his mother’s Manhattan apartment in 2007
Site boasts 100million users and 90million daily blog posts
David Karp, the 26-year-old founder of blogging site Tumblr, has just made to [...]
by Liam Halligan, The Telegraph:
The then chief executive of the US banking giant Citigroup was admitting that growing concerns about sub-prime loans could ultimately shatter what we now know was “irrational exuberance” on global financial markets.
“As long as the music is playing, though, you’ve got to get up and dance,” Prince continued. “And we’re still dancing.”
There’s a “we’re still dancing” mood on global markets today, just as there was six years [...]
from The Daily Sheeple:
For the past eight years NASA astronomers have been monitoring the moon for signs of explosions caused by meteoroids hitting the lunar surface.
Lunar meteor showers have turned out to be more common than anyone expected with hundreds of detectable impacts occurring every year.
They’ve just seen the biggest explosion in the history of the program. “On March 17, 2013 an object about the size of a small boulder [...]
The status of the dollar as world reserve currency gives the U.S. a number of advantages over other countries. The most important global commodities traded in dollars, although much of this material is not made in the USA. The fact that the global financial system based on the dollar, the Fed allows exporting inflation to other countries, and the government can easily operate under huge deficits.
So far, only China has [...]