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.” http://www.marketwatch.com/story/us-to-reach-debt-limit-saturday-lew-2013-05-17-13913025?link=MW_home_latest_news 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.” IRS Commissioner: Activity ‘Absolutely Not Illegal’ IRS commissioner Steven Miller said the IRS’s targeting of conservatives “is absolutely not illegal”: http://www.weeklystandard.com/blogs/irs-commissioner-activity-absolutely-not-illegal_724747.html
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 [...] Part1 Part2 Bankers Fixing The System story about banking industry in 2012 BBC documentary 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
Did this make the news? (I don’t watch the MSM). House Passes Legislation to Repeal Health Care Law Washington, May 16 – WASHINGTON, DC – Congressman Bill Posey (R-Rockledge) released the following statement regarding today’s vote on legislation he cosponsored which fully repeals the Obamacare law: “The Administration is carrying out a dangerous experiment on our families, our businesses and the overall economy,” said Posey. “The problem with passing a massive, complicated bill [...] NewsBreaker ?@NewsBreaker1m BREAKING: GOP Ways and Means chairman sees IRS problem as part of administration `culture of cover-ups.’ – @AP NewsBreaker ?@NewsBreaker1m NOW: Rep. Levin says IRS showed “total disreagard” for Congressional oversight in targeting certain groups; “Wholly unacceptable.” NewsBreaker ?@NewsBreaker4m ‘I count at least 5 serious violations of the taxpayers’ rights’ Chair Camp says to IRS chief pic.twitter.com/l3PmLDehhm NewsBreaker ?@NewsBreaker13m NEW: IRS began searching early 2010 for applications named ‘Tea Party,’ ‘Patriots,’ ’9/12,’ and other political titles, per statement NewsBreaker ?@NewsBreaker23m WATCH LIVE: [...] For their printable solar cells, the VICOSC team used photovoltaic ink, a $200,000 printer, and techniques similar to those you’d use “if you were screen printing an image on to a t-shirt.” http://mashable.com/2013/05/17/print-a3-sized-solar-cells/ Scientists have produced the largest flexible, plastic solar cells in Australia – 10 times the size of what they were previously able to – thanks to a new solar cell printer that has been installed at CSIRO. http://www.csiro.au/Portals/Media/Printing-Australias-largest-solar-cells.aspx Using semiconducting inks, [...] London Gold Market Report from Adrian Ash, BullionVault Fri 17 May, 08:15 EST
Pension Funds “Selling Gold ETFs”, Dollar Weakness Seen Offering “Only Hope” Short Term
GOLD PRICES failed to hold a rally above $1380 per ounce in London on Friday morning, trading 5% down for the week as world stock markets held steady.
Both the Euro and British Pound also cut their mid-week rallies against the Dollar, holding gold prices at €1070 and £904 per [...] by GoldCore
Today’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce. Cross Currency Table – (Bloomberg) Gold fell $6.00 or -0.43% yesterday to $1,386.70/oz and silver finished +0.71%. Nothing has changed regarding the positive fundamentals of the physical gold market. All that has changed is that the price of gold is again lower due to the machinations of [...] Loose Central Bank Policies Looking Increasingly Dangerous, BIS Official Warns The latest to take up the refrain is Jaime Caruana, general manager of the Bank for International Settlements, who warned in an unusually frank speech in London that, while the ultra-low interest rates and ultra-easy monetary policy adopted by advanced economy central banks might have been the right response to the crisis when it broke, they are looking increasingly dangerous the longer they [...] Let’s do a quick recap on this IRS Scandal : 1. The IRS targeted over 470 conservative groups going back through 2 election cycles. They illegally required info about donors, members, volunteers, speakers, names of the people who attended any training (especially college and h.s. attendees), all social media, all emails, all media interactions.. and on and on… 2. The IRS also targeted pro-life groups, requiring them to agree not to engage in [...] Mac Slavo
With seven billion people on the planet energy and food resources are already highly strained, as evidenced by the fact that the majority of the world’s population lives on just scraps a day. It wouldn’t take much to send us over a cliff. The last several years have not only reduced food reserves significantly because of widespread droughts, but have led to price inflation in essential grains necessary to [...]
Few food items have enjoyed a more surprising recent resurgence than the savory strips of pig fat known as bacon. It is being wrapped around entrees, used to swizzle cocktails, and even serves as a flavor of ice cream. But now a popular pork-focused restaurant in the Upper Haight must close its doors Friday following months of failed negotiations with neighbors over neighborhood concerns about porcine aroma and grease disposal. Department of [...]
During a House Ways and Means Committee hearing today, Rep. Aaron Schock, R-Ill., grilled outgoing IRS commissioner Steven Miller about the IRS targeting a pro-life group in Iowa. “Their question, specifically asked from the IRS to the Coalition for Life of Iowa: ‘Please detail the content of the members of your organization’s prayers,’” Schock declared. http://washingtonexaminer.com/congressman-irs-asked-pro-life-group-about-the-content-of-their-prayers/article/2529924 From BullionVault Gold News: Some things to remember amid the volatility of the gold price… WHEN VOLATILITY prevails in the gold market, I love seeing so many different opinions because it promotes critical thinking and healthy markets, writes Frank Holmes, CEO and chief investment officer of U.S. Global Investors. But because gold is unlike any other commodity, many perspectives can be extreme, such as “goldenfreudes” who take pleasure in gold bugs’ pain. I continue [...] Storm Forecast A level 1 and level 2 were issued for Montenegro, Albania, Southern Serbia, Macedonia, and parts of Bulgaria and Greece mainly for large hail and severe wind gusts. By Paul B. Farrell, MarketWatch
Yes, X-Prize billionaires are failing their mission: “Making the Impossible Possible.” Now they need at least $10 trillion to save the world, and a far grander vision, the new “10X-Prizes.” And their leader, Dr. Peter Diamandis, the co-author of “Abundance: The Future is Better Than You Think,” the CEO driving today’s X-Prize Foundation (“Making the Impossible Possible”) and also the Chairman of Singularity University (“Solving [...] In a move considered aggressive by US and European officials, Russia has sent at least 12 warships to patrol waters near its naval base in Tartous, Syria. The deployment appears to be a warning to Israeli and Western officials against military intervention in Syria’s bloody civil war, which has now claimed the lives of over 80,000 people. Russia’s increased presence in the region — which began raising eyebrows in the US three [...]
Mall Security Guard, Accident Onlooker Scuffle http://www.wtrf.com/story/22233945/mall-security-guard-accident-onlooker-scuffle From reliable source: 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). Confirmed: 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 [...] Al Jazeera Activists demanding the closure of the Guantanamo Bay prison have marked the 100th day of a hunger strike there by submitting a petition to the White House containing some 370,000 signatures. A group of activists wearing orange jumpsuits and black hoods like those used on detainees at Guantanamo Bay gathered outside the White House on Friday to call for the immediate closure of the controversial jail. “Immoral, illegal, ineffective,” [...] Welcome to America: now stand in line for three hours. Millions of British holidaymakers and business travellers heading for the US this summer face longer waits than ever to be processed by immigration. Research by The Independent reveals that budget cuts at US Customs and Border Protection (CBP) have sharply increased airport queues, with the worst delays in the “Sunshine State” of Florida. The longest maximum average wait time for international arrivals [...]
Dr. Heiner Flassbeck: Government has to step in and correct the imbalances of low wages and unregulated financial markets or a deeper recession and crisis is inevitable Metro-North Trains Involved In ‘Major Derailment’ In Conn., Dozens Of Injuries Gov. Malloy Says At Least 60 Injured, But None Are Life-Threatening BRIDGEPORT, Conn. (CBSNewYork) — Two Metro-North trains collided just east of the Fairfield Metro Station, authorities announced Friday evening. “This is a very serious incident,” Gov. Dannel Malloy said during a briefing on Friday night. According to Metro-North, an eastbound train, the 4:41 p.m. out of New Haven, derailed and collided with a westbound [...] Gregor Peter‏@L0gg0l8 min SevereStudios‏@severestudios28 min Weather Underground‏@wunderground1 min http://www.wunderground.com/US/AL/005.html The Weather Channel‏@weatherchannel19 min The Weather Channel‏@weatherchannel32 min Three Federal Reserve regional bank presidents called for phasing out the Fed’s monthly purchases of $40 billion in mortgage-backed securities as the housing recovery shows signs of gaining momentum. Dallas Federal Reserve Bank President Richard Fisher said today buying mortgage bonds risks disrupting the market, while Philadelphia Fed President Charles Plosser said, “it’s not good for the bank to be holding lots of mortgage paper.” Jeffrey Lacker of Richmond said to reporters yesterday the Fed should “get [...] In no uncertain terms and with no hedging, The New York Times reports that the Obama administration was aware of the fact that the IRS was targeting Tea Party groups as far back as June of 2012. The Treasury Department’s Inspector General confirmed that he told senior Treasury officials in June of 2012, a full five months before Election Day: The Treasury Department’s inspector general told senior Treasury officials in June 2012 he was [...] From All Star Charts: I always find it interesting when markets hit new highs and bullish sentiment simultaneously drops. I realize there’s a lot of noise in these weekly AAII Sentiment polls, but it’s fascinating nonetheless. I think it’s really just the same old story of a hated market. The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, or neutral on the stock market over the [...] More than $92 million in bonuses averaging $5,500 per employee have been handed out by IRS executives to thousands of the tax agency’s employees since 2009, according to data obtained by The Washington Examiner. The average annual salary of the employees receiving at least one bonus during the four-year period between 2009 and 2012 was slightly less than $94,000, indicating that the extra tax dollars mostly went to managers and executives eligible [...] From Kimble Charting Solutions: CLICK ON CHART TO ENLARGE The Yen, Australian $ and the Euro have created pennant patterns over the past few years and each of these currencies is now breaking support of the pennant patterns. As the same time the US$ has been unable to “Close on a monthly” basis above line (1) in the chart above. Joe Friday….A close above line (1) would be bullish for the US$ and should cause further [...] OPERATION – RESULTS Operation Date: 05/17/2013 Operation Type: Outright Coupon Purchase Release Time: 10:15 AM Close Time: 11:00 AM Settlement Date: 05/20/2013 Maturity/Call Date Range: 02/28/2018 – 02/15/2019 Total Par Amt Accepted (mlns) : $5,469 Total Par Amt Submitted (mlns) : $22,042 http://www.ny.frb.org/markets/pomo/display/index.cfm https://twitter.com/L0gg0l Gregor Peter‏@L0gg0l2 min https://video.foxnews.com/v/video-embed.html?video_id=2387678544001 Russia Has Just Made Sure That Any US Deliveries Of Weapons To Syria Will Be Airborne Russia has deployed upwards of a dozen ships to its naval base in Syria over the past three months, and recently sent advanced anti-ship missiles to the embattled Syrian government, highlighting the depth of Moscow’s commitment to the Assad regime and the challenges in [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
