Porter Stansberry: There is now a 100% chance of a market collapse
…Historically, looking at the two commodities, the average multiple of gas to oil was about 10x. That is, a barrel of oil was, on average, 10 times more expensive than one thousand cubic feet of gas. By last April, that premium had reached an all-time high of 55 times.
There was no way that kind of price relationship could have [...]
by Phoenix Capital Research
Two big events have occurred/ are occurring.
Charles Evans who is one of the biggest pushers for QE, stated that the Fed has “the appropriate monetary policy in place” and that the economy is “improving quite a lot.”
The Bank of Japan is beginning a two-day policy meeting today.
Regarding #1, Evans has been one of the biggest pushers for more QE. Throughout 2011 and 2012, every time he appeared on [...]
Video from a shelter as the tornado passes directly overhead
The EU reportedly has agreed with “overwhelming majority” that from 2016, savers must bleed event of bank failure. Deposits over 100000 euros are then gone. EU Law Committee: Cyprus was a model.
The Legal Affairs of the European Parliament has reportedly expressed yesterday evening with “overwhelming majority” for expropriating savings of about 100000 euros, if a bank goes bankrupt. An appropriate legislative proposal agreed to the Legal Affairs of the European Parliament. Balances below 100000 [...]
DAY 1 CONVECTIVE OUTLOOK
NWS STORM PREDICTION CENTER NORMAN OK
1259 AM CDT TUE MAY 21 2013
VALID 211200Z – 221200Z
…THERE IS A MDT RISK OF SVR TSTMS ACROSS PARTS OF SW AR…SE
OK…NW LA…CNTRL TX AND NE TX…
…THERE IS A SLGT RISK OF SVR TSTMS ACROSS PARTS OF THE SRN
PLAINS…OZARKS…MID MS VALLEY…OH VALLEY AND GREAT LAKES…
…SRN PLAINS/ARKLATEX/MID-MS VALLEY…
AN UPPER-LEVEL TROUGH WILL MOVE EWD FROM THE SRN ROCKIES INTO THE
SRN PLAINS TODAY. AT THE [...]
Today’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Yesterday’s AM fix was USD 1,353.75, EUR 1,051.95 and GBP 890.86 per ounce.
Gold climbed $19.40 or 1.43% yesterday to $1,384.30/oz and silver finished 2% higher.
Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically. The key reversal is leading some to postulate that we [...]
Bill Black: Weakness of financial regulators shows you can not “tame the scorpion”.
5 commercial mega-banks continue to trade roughly $300 trillion in unregulated derivatives. In other words unregulated derivatives are 32 times total U.S. deposits and 11,900 times the FDIC’s paltry $25 billion insurance fund.
Senate investigators: APPLE avoided $44 billion in taxes
Senate investigators accuse Apple of wiring together a complicated system to shield billions of dollars in international profits from both U.S. and foreign tax collectors.
A report released ahead of Apple CEO Tim Cook’s inaugural Capitol Hill appearance Tuesday alleges the tech giant took advantage of numerous U.S. tax loopholes and avoided U.S. taxes on $44 billion in offshore, taxable income between 2009 and [...]
http://usawatchdog.com/bank-run-happe… Jim Willie of GoldenJackass.com says, “Before, they were talking about stress tests. Now, they realize that all of them in the past were a fraud. So, they are talking about ‘bail-ins’ because they are expecting failures.” Dr. Willie contends, “It’s all coming to a climax where gold is going to be central with a gold-trade central bank and gold priced at $7,000 per ounce.” Join Greg Hunter as he goes [...]
Goldman Is Selling The Last Of Its Stake In A Chinese Bank, And Communist Officials Are Probably Pretty Annoyed
Goldman Sachs bought a stake in the Industrial and Commercial Bank of China before it was cool — before it had the 2nd largest IPO in the history of the world in 2006, and before it was the largest bank in the world by market cap.
Initially, Goldman owned 4.9% of the bank, whose stock is [...]
The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner.
Douglas Shulman, who vacated his position last November when his five-year term expired, told the Senate Finance Committee he didn’t learn all the facts until he read last week’s report [...]
Sharyl Attkisson, the Emmy-award winning CBS News investigative reporter, says that her personal and work computers have been compromised and are under investigation.
“I can confirm that an intrusion of my computers has been under some investigation on my end for some months but I’m not prepared to make an allegation against a specific entity today as I’ve been patient and methodical about this matter,” Attkisson told POLITICO on Tuesday. “I need [...]
From Casey Research:
Like the United States, the European Union relies heavily on Russia and the Commonwealth of Independent States (CIS) for its uranium, as shown in the chart below:
Russia is projected to produce 64 million pounds per year by 2020. The majority – 40 million pounds – will come from Russia itself, and the remainder from its foreign projects in Kazakhstan, Ukraine, Uzbekistan, and Mongolia.
But there’s an often forgotten subsector [...]
From Global Economic Trend Analysis:
Here’s the question of the day: If you have a choice (and you many not for long because companies are abandoning grandfathered plans): Should you skip Obamacare and keep your old plan?
Any policy in place on March 23, 2010, the day health reform was enacted, falls under the grandfather exemption. As the Obama administration put it, if you like your plan, your doctor or both, you [...]
The show will go on. Sequestration may have cost Washington D.C. tourists a chance to tour the White House, but the Independence Day fireworks will go off as planned. A contract was awarded yesterday to Garden State Fireworks of Millington, NJ for $221,819.77.
Ron Paul + Jim Rogers on the government: “They’ll use force and they’ll use intimidation…”
Ron Paul and Jim Rogers spoke at the Sovereign Man: Offshore Tactics Workshop in Santiago, Chile, on March 30 – April 1, 2013.
A new poll finds that a majority of Americans believe the Internal Revenue Service targeting scandal was an intentional effort to harass conservative political groups.
In a Washington Post/ABC News poll released Tuesday, 56 percent said the IRS use of higher scrutiny on Tea Party groups seeking tax exempt status was a deliberate move, with 31 percent calling it an “administrative mistake.”
A strong majority, 74 percent, said the IRS moves were inappropriate to [...]
The sound of that alarm going off in the background and the darkness of the clouds creeped me out man…
This one shows the panicked conditions on the roads as it goes by. Lesson to learn for getting out of an area like that, just lay on the horn and don’t let go-
by Charles Hugh-Smith
Concentrated power and wealth are intrinsically sociopathological by their very nature.
I have long spoken of the dangers inherent to centralization of power and the extreme concentrations of wealth centralization inevitably creates.
The Master Narrative Nobody Dares Admit: Centralization Has Failed (June 21, 2012)
The Solution to Concentrated Power: Decentralize, Diffuse and Devolve Power (June 22, 2012)
To Fix Healthcare, Let 100 Solutions Bloom (February 26, 2013)
Longtime contributor C.D. recently highlighted another danger of centralization:sociopaths/psychopaths excel [...]
Sodium nitrite appears predominantly in red meat products (you won’t find it in chicken or fish products). Here’s a short list of food items to check carefully for sodium nitrite and monosodium glutamate (MSG), another dangerous additive:
Frozen pizza with meat
Canned soups with meat
Frozen meals with meat
Ravioli and meat pasta foods
Kid’s meals containing red meat
Sandwich meat used at popular restaurants
Nearly all red meats sold at public schools, restaurants, [...]
The scandals of the Obama administration seem to be hurting not just the White House but MSNBCas well while Fox News Channel scored its second-best week of the year. After double-digit gains during last year’s presidential election, May 13-17 saw the progressive-aligned “Lean Forward” news network hit new lows as the IRS scandal erupted and revelations that the Justice Department secretly obtained AP records became public. With 350,000 viewers on average and 94,000 among the adults 25-54 demo, MSNBC [...]
The Department of Defense confirms to NBC 5 Investigates that accused Fort Hood shooter Major Nidal Hasan has now been paid more than $278,000 since the Nov. 5, 2009 shooting that left 13 dead 32 injured. The Army said under the Military Code of Justice, Hasan’s salary cannot be suspended unless he is proven guilty.
If Hasan had been a civilian defense department employee, NBC 5 Investigates has learned, the Army could have [...]
More whistleblowers will emerge shortly in the escalating Benghazi scandal, according to two former U.S. diplomats who spoke with PJ Media Monday afternoon.
These whistleblowers, colleagues of the former diplomats, are currently securing legal counsel because they work in areas not fully protected by the Whistleblower law.
According to the diplomats, what these whistleblowers will say will be at least as explosive as what we have already learned about the scandal, including [...]
Add Labor Unions to the list of people concerned about the implementation of Obamacare. Labor is now publicly “balking at how the administration plans to implement the landmark law. They warn that unless there are changes, the results could be catastrophic.”
The United Food and Commercial Workers International Union (UFCW) with a membership of 1.3 million are “worried about how the reform law will affect its members’ healthcare plans.” Last month, [...]
Aussie Dollar : aluminum, coal & wheat
Canadian Dollar : oil and wheat
South African Rand : coal & platinum
Chilean Peso : copper
Mexican Peso: oil & silver
Russian Rubel: oil, nickel, platinum, wheat
Brazilian Real: oil
Norwegian Kroner: oil
Read more: http://www.businessinsider.com/9-currencies-that-could-tank-as-commodities-collapse-2013-5#ixzz2TvkoJ73t
BREAKING: Syrian army says it has destroyed an Israeli military vehicle in the Occupied Golan Heights. via @AFP
Syrian military says it fired and destroyed Israeli military vehicle which crossed Golan Heights ceasefire line into Syrian territory.
A statement issued by the Syrian Armed Forces says its troops destroyed the vehicle “with those in it.” It did not elaborate, but said any attempt to infiltrate Syria’s sovereignty will face “immediate and firm [...]
May 21, 2013
While many Americans were tuned into news coverage of the massive damage from tornadoes ravaging the state of Oklahoma, Rhode Island Democratic Sen. Sheldon Whitehouse took to the Senate floor to rail against his Republican colleagues for denying the theory of anthropogenic global warming.
Whitehouse spent 15 minutes chastising GOP senators and justified his remarks by alluding to states that seek federal assistance in the wake of [...]
Two entire schools flattened in Moore, Oklahoma after 200 mph winds pulverized a 30-square-mile stretch yesterday
At least 91 people confirmed dead, authorities say, and at least another 240 injured in local hospitals
More than 20 children are among the dead, including the seven found drowned in Plaza Towers
Children were told to hold on to the walls, while teachers shielding the students with their bodies
Hundreds of homes wiped out and more than 8,000 people left [...]
China Has Been Inflating Its Exports Numbers All Year, In Some Cases Doubling The Actual Figures
China has over-reported its exports for the last five months, inflating the apparent demand for its products overseas, according to a new research report.
Official customs data showed a surge in exports, but imports reported by trading partners don’t match up. Capital Economics, a research firm, estimated the actual exports expanded only half the 17 percent [...]
Spike in seismic activity in the past hour around the globe
especially Russia which has been shaking like crazy for days
last 10 quakes in Taiwan
Magnitude 7.2 KURIL ISLANDS April 19, 2013
Magnitude 6.6 NEAR NORTH COAST OF NEW GUINEA, P.N.G. April 16, 2013
Magnitude 7.8 IRAN-PAKISTAN BORDER REGION April 16, 2013
Magnitude 6.6 BOUGAINVILLE REGION, PAPUA NEW GUINEA April 14, 2013
Magnitude 7.0 PAPUA, INDONESIA April 06, 2013
Magnitude 6.5 NEW BRITAIN REGION, PAPUA NEW GUINEA March 10, [...]
from Armstrong Economics:
Politicians in the USA like to point their collective finger at China for corruption problems while they sanction a legalized system of corruption that ensured the NY bankers will NEVER be prosecuted. Furthermore, in the USA, politicians receive untold millions legally funneled to them by political action committees. The PACs assure that Congress votes the way that those who provide the money want it to. Why is Goldman Sachs above the [...]
Two entire schools flattened in Moore, Oklahoma after monster tornado touched down just after 3pm local time
Up to two dozen children are trapped under debris at one of the schools, Plaza Towers Elementary
At least 51 people confirmed dead, authorities say, and at least another 145 injured in local hospitals
Children told to hold on to the walls, while teachers shielding the students with their bodies
Hundreds of homes wiped out and more than [...]