 BERNANKE ‘SPARKS MASSIVE SELLOFF’
http://www.reuters.com/video/2013/05/23/reuters-today-bernanke-sparks-massive-se?videoId=242971456&videoChannel=1
Perfect Storm Sparks Massive Nikkei Sell-Off
A perfect storm of yen strength, a spike in Japanese government bond yields and new evidence of weakness in China’s economy were behind a major sell-off Thursday in Japan’s equity markets, said experts.
The benchmark Nikkei 225 closed down 7.3 percent in a session that saw it rise 2 percent in early trade only to reverse direction and fall sharply. The broaderTopix finished 6.8 percent lower.
“Almost [...]
This is going to be huge!!!
Japan Bond Yields Spike – 10-Year Now at 1%
Japanese government bond (JGB) yields soared to 1 percent on Thursday, their highest level in a year, prompting the Bank of Japan to hold true to its promise of taking action to stabilize an incredibly volatile bond market.
Analysts expected the market volatility to last for a while, but added that buying by domestic pension funds and the [...]
How ironic, arrests made on CONSTITUTION BLVD
by Michael
Is the coming financial collapse going to be inflationary or deflationary? Are we headed for rampant inflation or crippling deflation? This is a subject that is hotly debated by economists all over the country. Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation. Others point to all of the deflationary factors in our economy [...]
Markets Are On The Verge of Euphoria
This is what it looks like.
On its risk appetite index, Credit Suisse views the index value of 5 as “euphoria”. And we are headed there, as markets embrace risk.
SoberLook
Global Risk Appetite At 2006 Levels – Nears ‘Euphoria’
Global risk appetite surged to 4.53 (5 being ‘euphoria’), its highest level since the euphoria event of 2006, and up from 1.76 one month ago according to Credit Suisse. Other risk [...]
1) Michael Moore
2) Brian Williams
3) Fox. Must be first time in history they have admitted that SUN activity causes EARTH activity.
Boston News, Weather, Sports | FOX 25 | MyFoxBoston
Anonymous
by WashingtonsBlog
Fed Pours Huge Sums Into Foreign Bank Coffers
We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks.
We were right. A large percentage of the bailouts went to foreign banks (and see this). And so did ahuge portion of the money from quantitative easing. More here and here.
Ron Paul noted in 2011 that essentially 100% of New York Federal Reserve Bank loans went to foreign banks.
A former high-level Federal Reserve official said that the [...]
by Phoenix Capital Research
Just what is the Fed so scared of?
Today, the Fed’s favorite reporter, Jon Hilsenrath at the Wall Street Journal published an article completely refuting his own work from just two weeks ago.
If you’ll recall, two weeks ago, Hilsenrath wrote that the Fed was planning to taper its QE purchases before the end of the year.
Today, Hilsenrath wrote that when the Fed does taper its buying it won’t be “predictable.” [...]
Jim Rickards, Senior Managing Director at Tangent Capital, says the Bank of Japan’s monetary easing policy is so aggressive they are forcing other central banks to cut rates.
Jim Rogers: Yen’s ‘Collapse Very Dangerous’
The dollar hit a four-year high of 103.31 yen Friday, and legendary investor Jim Rogers, chairman of Rogers Holdings, doesn’t think that’s a good thing.
“The [yen], which is one of the major currencies of the world, has collapsed [...]
By Paul B. Farrell, MarketWatch
The “Dr. Boom” scenario: America is about to “unleash a spending spree. Years of self-denial give way to pent-up demand,” predicts UBS economist Maury Harris in USA Today’s bold lead story.
His clue? Consumer sentiment: “Harris estimates that in the next five years, catch-up consumption will boost annual consumer spending growth by a half point to above 3% from about 2%.”
Reassuring? No, wishful thinking. Be [...]
Just got this very reliable financial intel.
Get ready to short Japanese equities and expect another real-estate bubble burst.
Christine Hughes, President and Chief Investment Strategist, discusses details of Japan’s radical monetary policy.
the key part of the video, for ease of viewing:
The USDJPY has is trying to break the 103 barrier again after the BoJ meeting and Cabinet Secretary Suga commented the “BoJ should continue to steadily strive to reach inflation targets [...]
RIDE THE STOCK MARKET GRAVY TRAIN ALL THE WAY TO THE BANK.
New York Fed President William Dudley said Tuesday that it will take three to four months to know if the Federal Reserve will be in the position to decide on tapering its asset purchases adding that it is “too soon” to make that determination and depends on how the economic outlook evolves.
https://www.mr-topstep.com/index.php/layout/market-updates/2942-fed-s-dudley-will-take-3-to-4-months-to-decide-on-tapering
S&P 500 Projections – Goldman Sachs goes uber [...]
by GoldCore
Today’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce.
Yesterday’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce.
Gold fell $6.50 or 0.47% yesterday to $1,377.80/oz and silver finished down 0.56%.
The fundamentals of the platinum and palladium markets are beginning to receive market attention and not before time. The positive supply demand dynamics are leading to increased investment demand as seen in the [...]
By Michael
What is going to happen when the greatest economic bubble in the history of the world pops? Themainstream media never talks about that. They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if the Dow keeps setting new all-time highs that everything must be okay. Sadly, that is not the case at all. [...]
by Michael
Weather patterns are becoming increasingly erratic and the ground under our feet is becoming extremely unstable. So precisely what in the world is going on here? Is this the beginning of a trend? Could it be possible that we are entering the worst period for natural disasters in U.S. history? The tornado that just hit the town of Moore, Oklahoma is already being called one of the most destructive tornadoes [...]
Mac Slavo
May 21st, 2013
SHTFplan.com
It’s not a stretch to suggest that Americans are over medicated. In 2011 doctors across the nation wrote an astounding four billion medical prescriptions, amounting to an average of 13 prescriptions for every man, woman and child in the United States.
In the next few weeks the American Psychiatric Associations is releasing their updated fifth version their Diagnostic and Statistical Manual of Mental Disorders (DSM-5); the so-called ‘bible’ of [...]
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 [...]
A group of Russian paratrooper chaplains jumped from a transport plane with a large mobile cathedral that they set up in the field upon landing.
http://en.rian.ru/video/20130330/1803…
The Senate resolved that the United States should support Israel if it is forced to take military action to defend itself from an Iranian nuclear threat.
http://www.ynetnews.com/articles/0,7340,L-4383229,00.html
Rioters have set fire to 30 cars and torched a school and a nursery in poor immigrant suburbs of Stockholm.Three nights of unrest in one of Europe’s richest capitals has marred Sweden’s reputation for social justice.
Swedish police said Wednesday they had arrested eight young men during a third night of urban unrest in low-income suburbs of Stockholm from Tuesday into Wednesday.
The rioting had erupted on Sunday after police shot dead [...]
The Obama administration has officially killed more American citizens by drones than the number of foreign terrorists waterboarded under the Bush administration.
On Wednesday, Attorney General Eric Holder disclosed previously classified information in a letter to a top senator stating that four American citizens have been killed in counter-terrorism drone strikes since 2009. This is the first such acknowledgment by the Obama administration. In the letter, Holder did not specifically call them drone [...]
I guess the fact that way more than 50% of Muslim immigrants to Sweden are fully dependent on government welfare for their food, clothing, and shelter still isn’t enough.
They want more and think that destroying the city is the way to get attention.
Oh, and they also don’t like being harassed by the police.
http://www.barenakedislam.com/2013/05/23/sweden-after-several-days-of-muslim-savages-rioting-assaulting-police-and-torching-hundreds-of-cars-now-they-want-pity-and-more-free-stuff/
Around 50 (Muslim) youths were involved in the riots in the suburb of Husby, police spokesman Lars Bystrom [...]
Kaiser Permanente, Anthem Blue Cross and Blue Shield of California are all expected to participate in the state-run market for individual health coverage.
Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California’s new state-run health insurance market, possibly limiting the number of choices for millions of consumers.
UnitedHealth, the nation’s largest private insurer, Aetna Inc.and Cigna Corp. are sitting out the first year of Covered California, the state’s insurance [...]
Texas outperformed every other state in the nation on jobs and growth over the past decade, according to the latest annual report on state economic performance released Thursday by the American Legislative Exchange Council. Michigan came in dead last.
The rankings are based on state GDP growth, population shifts, and changes in non-farm payroll jobs between 2001 and 2011.
The ALEC report also finds that Utah has the best economic outlook this year, and [...]
WASHINGTON — House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign company to avoid environmental review.
The bill was approved, 241-175, largely along party lines.
Republicans said the measure was needed to ensure that the long-delayed pipeline, first proposed in 2008, is built.
http://washington.cbslocal.com/2013/05/23/house-passes-gop-bill-to-bypass-president-to-speed-approval-of-keystone-xl-oil-pipeline/
This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’).
Which financial institutions received this money? Bernanke’s answer: I don’t know.
As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke’s answer: yes.
Tim Geithner Refuses To Answer Brad Sherman On Some Questions
“Bernanke Threatens The Congress” We will [...]
Holy shit, back to back flares in 30 hrs but this one is a monster.
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…512.jpg
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…512.jpg
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…512.jpg
SOHO Lasco C3 Larger Images
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…1024.jpg
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…1024.jpg
Look at all of the space ships getting the FO of the way!
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…1024.jpg
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…1024.jpg
Here it looks like it caught up to the observering sat:
http://sohowww.nascom.nasa.gov//data/REPROCESSING/…1024.jpg
Energetic Proton Levels streaming past Earth continue to rise. A strong S3 Level Radiation Storm is now in progress.
ALERT: Proton Event 10MeV Integral Flux exceeded 1000pfu
Begin Time: 2013 May 23 [...]
London Gold Market Report
from Adrian Ash, BullionVault
Weds 22 May, 08:45 EST
Bullion Rallies Despite “Losing US Fed Prop” as Stock Markets Sink on Weak China Data
BOTH gold and silver rose in Asian and London trade Thursday morning, defying a sharp slide in global stock markets to gain 3.0% rally from yesterday’s sharp sell-off.
Commodity prices fell as major government bonds rose but weaker Eurozone debt slipped, pushing interest rates higher.
Tokyo’s Nikkei index – [...]
by GoldCore
Today’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce.
Yesterday’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce.
Gold fell $10.20 or 0.74% yesterday to $1,367.60/oz and silver finished up 0.07%.
Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European equities and will lead to [...]
A paper presented at the 2013 Canadian Neuroscience Meeting, the annual meeting of the Canadian Association for Neuroscience – Association Canadienne des Neurosciences (CAN-ACN), says the problem is addiction rather than food wealth – the authors claim that high-fructose corn syrup can cause behavioral reactions in rats similar to those produced by drugs of abuse such as cocaine. It’s the “Food Addiction” hypothesis that has recently become popular, which posits [...]
The chief judge of the District’s federal court issued an unusual order Wednesday, apologizing to the public and the media for not making certain court documents widely available online.
The gesture of transparency by U.S. District Judge Royce C. Lamberth comes at a time when the Obama administration is under scrutiny for an unprecedented number of leak investigations, including one showing that the Justice Department had secretly probed the news-gathering activities of Fox [...]
Chinese Economy Enters Contraction With First Sub-50 PMI Print Since October
For the first time since October 2012, HSBC’s China PMI (Flash) printed at a sub-50 level (49.6) missing expectations (50.4) quite notably. This is the worst two-month drop in 17 months. This is problematic for the PBoC who are being arbitraged left, right, and center and know that any stimulus will merely serve to exacerbate the problems they face (as we noted here [...]
In September, the U.S. government will fire into orbit a two-stage rocket from a Virginia launchpad. Officially, the mission is a scientific one, designed to improve America’s ability to send small satellites into space quickly and cheaply. But the launch will also have a second purpose: to help the elite forces of U.S. Special Operations Command hunt down people considered to be dangerous to the United States and its interests.
For [...]
The audience erupted today after Rep. Trey Gowdy (R-SC) went off on IRS official Lois Lerner today. Lerner, the director of the IRS division that singled out hundreds of conservative groups, delivered an opening statement today on how proud she was of her work and then pleaded the Fifth Amendment and clammed up. Gowdy didn’t like this much.
With Greece suffering the biggest economic depression in decades, all so a few rich men can preserve their wealth and not have their EUR-denominated savings wiped out (even if the alternative means finally being able to rebalance externally using the Drachma instead of forcing internal rebalancing via unemployment and plunging wages), it was only a matter of time before we found out just how humiliating the conversion of the entire [...]
from The Daily Bell:
Derivatives Reform on the Ropes … New rules to regulate derivatives, adopted last week by the Commodity Futures Trading Commission, are a victory for Wall Street and a setback for financial reform. They may also signal worse things to come … The regulations, required under the Dodd-Frank reform law, are intended to impose transparency and competition on the notoriously opaque multitrillion-dollar market for derivatives, which is dominated by [...]
Print money. Create wealth effect in stocks & housing. Happy days. #Bernanke waited 4 yrs for this. Now he owns the crash. But he’s leaving.
https://twitter.com/JamesGRickards/status/337321683906084864
Two men repeatedly stab and try to behead off-duty soldier in SE London
During attack they shouted ‘Allah Akbar’ and told witnesses to film them
Charged at police officers with rusty revolver, knives and meat cleavers
Killing took place 200 yards from barracks and close to primary school
Both men placed under arrest after being treated for gunshot wounds
PM: Killing is ‘sickening’ and Britain will ‘never buckle’ in face of terror
Clutching a bloodied meat [...]
Russian Market‏@russian_market1 min
SPANISH BANKS NEED MORE CAPITAL – RAJOY ( Welcome back to crisis!)
zerohedge‏@zerohedge5 m
RAJOY DOES NOT RULE OUT PROSPECT THAT SPANISH BANKS WILL REQUIRE MORE MONEY
zerohedge‏@zerohedge6 m
RAJOY SAYS IF SPANISH BANKS NEED CAPITAL, WON’T COME FROM EU
Spain economy, imports tell the full story:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/05/Spain%20Imports.jpg
Spain banks may need to raise money to meet provisions: Rajoy
http://www.foxbusiness.com/news/2013/05/22/spain-banks-may-need-to-raise-money-to-meet-provisions-rajoy/
Rajoy Needs to Stand Up to Spain’s Banks
There are two schools of thought about the government [...]
A soldier was apparently beheaded and hacked at with a meat cleaver by two attackers, who were then shot by armed police near the Woolwich Barracks. The young victim, wearing a Help for Heroes T-shirt, was attacked “like a piece of meat” and dumped in the street, according to witness reports.
Whitehall sources say it is “a fair supposition” that the incident was a terrorist incident, according to reports from the [...]
Against all probability, a device that purports to use cold fusion to generate vast amounts of power has been verified by a panel of independent scientists. The research paper, which hasn’t yet undergone peer review, seems to confirm both the existence of cold fusion, and its potency: The cold fusion device being tested has roughly 10,000 times the energy density and 1,000 times the power density of gasoline. Even allowing for [...]
House Oversight and Government Reform Committee Chairman Darrell Issa said embattled IRS official Lois Lerner waived her Fifth Amendment rights and will be hauled back to appear before his panel again.
The California Republican said Lerner’s Fifth Amendment right to avoid self-incrimination was voided when she gave an opening statement this morning denying any wrongdoing and professing pride in her government service.
“When I asked her her questions from the very beginning, [...]
WASHINGTON — One day before President Obama is due to deliver a major speech on national security, his administration on Wednesday formally acknowledged that the United States had killed four American citizens in drone strikes in Yemen and Pakistan.
In a letter to Congressional leadersobtained by The New York Times, Attorney General Eric H. Holder Jr. disclosed that the administration had deliberately killed Anwar al-Awlaki, a radical Muslim cleric who was [...]
by Brian Sylvester of The Gold Report (5/22/13)
Sprott Silver Equities Class Co-Manager Maria Smirnova understands the power of leverage. She has seen the big impact even a slight increase in the silver price can have on silver producers. Every cent is multiplied and goes right to the investor’s bottom line, giving the equities more upside than possible in a coin. That is why Eric Sprott increased holdings of silver equities [...]
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