KOCHERLAKOTA SEES ‘REAL EROSION’ OF PEOPLE’S PURCHASING POWER
Shrimp Is Big. Now It’s Sick. And Really Expensive
Greenspan said he “would be surprised if there was a QE3″ because it would “continue erosion of the dollar.”
Wealthy foreigners buy up swaths of UK farmland and country estates
Ultraluxury Apartment Sales Drive Records in Manhattan Real Estate
Today’s AM fix was USD 1,299.00, EUR 938.58 & GBP 773.03 per ounce.
Yesterday’s AM fix was USD 1,311.50, EUR 950.43 & GBP 784.06 per ounce.
Gold dropped $23.80 or 1.79% yesterday, closing at $1,302.90/oz. Silver lost $0.37 or 1.85% yesterday to $19.62/oz.
Gold in U.S. Dollars – April 15 to April 16, 2014 – (Thomson Reuters)
Gold was pinned at $1,300 an ounce, well off Monday’s high at $1,330.90. The sharp sudden [...]
http://usawatchdog.com/nomi-prins-aut… On another financial collapse, best-selling author Prins predicts, “We absolutely can. There is much more reason that we will than that we won’t. The stability of the system is really fake. A lot of speculation has occurred with cheap money, and then it is bailout, and then nothing changes, and then something worse happens. That is the current pattern and the pattern of the last three decades.”
Prins, who is a [...]
Spain and many other countries are now in an unemployment crisis. Gold is being slammed down by the central banks. Home builder confidence is now declining and housing is imploding. The FBI is now blocked investigating Harry Reid in the Nevada land grab. The post office is now hording ammunition to get ready for the economic collapse. The Ukrainian crisis is now escalating and the Ukrainian forces are now swooping [...]
UKRAINE ON BRINK…
“I will be brief: Ukraine is on the brink of civil war, it’s frightening,” the country’s former president was quoted as saying by Russian news agencies.
Military recaptures eastern airport…
KRAMATORSK, Ukraine (AP) — In the first Ukrainian military action against a pro-Russian uprising in the east, government forces said they clashed Tuesday with about 30 armed gunmen at a small airport.
The clash came hours after Ukraine’s acting president, Oleksandr [...]
Why Bernanke’s ‘open mouth’ operations beat policy moves
NYU’s Taleb Says Debt Raises Risk of `Catastrophe’
“I think there are some groups of stocks that are highly vulnerable because they’re in cuckoo land in terms of valuations,” Faber said. “They have no earnings. They’re valued at price-to-sales.
Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have [...]
Today’s AM fix was USD 1,311.50, EUR 950.43 & GBP 784.06 per ounce.
Yesterday’s AM fix was USD 1,324.50, EUR 958.05 & GBP 792.21 per ounce.
Gold rose $8.90 or 0.68% yesterday, closing at $1,326.70/oz. Silver rose $0.04 or 0.2% yesterday to $19.99/oz.
Gold fell from a three week high today on speculation that very tentative signs of an improving U.S. economy will curb demand for the safe haven. A report yesterday [...]
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
A new report from Natixis, the asset management and investment banking division of Groupe BPCE, the second largest bank in France and one of the largest megabanks in the world with over $1.4 trillion in assets, predicts what daredevil voices at the maligned margin of financial analysis have worried about for a while: the likelihood another financial panic.
It will be caused ironically by the very mechanisms that are still used to “fix” [...]
The Greek people do not have enough work and 72% need more work. Retail sales surge on automobiles loans. Citi mortgage origination’s are in a steady decline which will lead to a housing implosion. The fight over the Bundy ranch is not over. no fly zone and cell tower restrictions are still in effect. Acting Ukraine President signed an order stating those people protesting are terrorists. The US is contemplating [...]
Yet again, it seems, once senior political or economic figures leave their ‘public service’ the story changes from one of “you have to lie, when it’s serious” to a more truthful reflection on reality.As Finanz und Wirtschaft reports in this great interview, Bill White – former chief economist of the Bank for International Settlements (who admittedly has been quite vocal in the past) – warns of grave adverse effects of the ultra [...]
RUSSIAN JET PASSES NEAR U.S. WARSHIP
The official also said that a Russian Navy ship, a frigate, has been shadowing the U.S. warship, remaining within visual distance but not close enough to be unsafe.
Russian fighter jet made repeated passes close to US warship in Black Sea
American military official says jet made multiple close-range passes near USS Donald Cook on Saturday
IN THIS INTERVIEW:
- Gold & silver prices ready to break out ?1:06
- Counterfeit silver eagles? ?4:06
- Western governments planning to steal your money? ?6:27
- Federal Reserve to increase money printing ?8:56
- Russia & China to collapse dollar? ?10:40
- Former adviser at International Monetary Fund says “The [yuan] has effectively already become a de facto reserve currency” ?12:24
SUBSCRIBE (It’s FREE!) to Reluctant Preppers, “Helping You Be Aware and Prepared” ?http://bit.ly/ReluctantPreppers
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And will arrive within the next 3-5 years
Full description and comments at:http://www.peakprosperity.com/podcast…
James Rickards, financier and author of the excellent cautionary best-seller Currency Wars, has recently released a follow-on book: The Death of Money: The Coming Collapse of the International Monetary System. In it, Jim details how history provides plenty of precedent for the collapse that has begun amidst the major world currencies.
The historical progression is predictable enough that Jim is [...]
According to a Moscow newspaper, MH 370 was flown to a Taliban-controlled area an the Afghanistan/Pakistan border. All passengers are alive. Please consider supporting us there for as little as $1 per month. Go to billstill.com, click on the Subscribe button. You can Unsubscribe at any time.
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
The tiny country of Belgium – my beloved hunting grounds for three years a while back – with a GDP of $484 billion, a country which you can cross by bicycle in a single day if you’re really fit, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, that tiny speck of land is [...]
by Charles Hugh-Smith
The essence of crony-capitalism is the merger of state and corporate power–the definition of fascism.
When it comes to the real world, the difference between fascism, communism and crony-capitalism is semantic. Let’s start with everyone’s favorite hot-word, fascism, which Italian dictator Benito Mussolini defined as “the merger of state and corporate power.” In other words, the state and corporate cartels are one system.
Real-world communism, for example as practiced in the People’s Republic [...]