Jim Rickerts View.
Stock market returns are high because of buy-backs. The shares are retired, the company does not have to pay out dividends and the yield goes up.
We are in a liquidity trap. No-one is embracing stocks, they are choosing to save.
Gold is not down. The dollar is up.
And more in this Keyser report with guest Jim Rickerts.
A liquidity trap is a situation described in Keynesian economics in which injections of cash into [...]
Wow, it took over one day before the Fed came out to do damage control on Bernanke’s Congressional double speak Wednesday that set the markets on a correction.
Fed’s Bullard Wants Faster Inflation Before Tapering QE
“Before I am in favor of tapering I would like to see some assurance that inflation is going to move back towards target,” he said.
U.S inflation fell to a two-year low of 1.1 percent earlier this [...]
Abby Martin talks to Dr. John Trumpbour, research director at Harvard Law School’s labor and work life program, about the theory of the clash of civilizations, the idea that a culture or war is inevitable and inherent in the relationship between the East and West; Hollywood’s homogenization of US culture and Harvard’s perpetuation of the ruling class.
by Charles Hugh-Smith
About the claim that central banks will never let asset bubbles pop ever again–their track record of permanently inflating asset bubbles leaves much to be desired.
The problem with trying to solve all our structural problems by injecting “free money” liquidity into financial Elites is that all the money sloshing around seeks a high-yield home, and in doing so it inflates bubbles that inevitably pop with devastating consequences.
As noted [...]
Today’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce.
Yesterday’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce.
Gold climbed $24.80 or 1.78% yesterday to $1,392.00/oz and silver finished up 0.16%.
After a volatile and momentous week for global markets, gold and silver look set to finish higher in all currencies and have their best week in a month.
Cross Currency Table – (Bloomberg)
Holdings in [...]
The interviewer’s talking about how Obama’s term will be up in 2016 so its the beginning of the end for him. Maxine Waters says “Well, I don’t know about that…
“The president has put together an organization with data the likes of which we’ve never seen before,,,” And goes on to talk about how powerful that information is…
Its only 1 1/2 min long but what she says outright and what she [...]
Whole Foods Market announced today at Natural Products Expo West that, by 2018, all products in its U.S. and Canadian stores1 must be labeled to indicate whether they contain genetically modified organisms (GMOs)2. Whole Foods Market is the first national grocery chain to set a deadline for full GMO transparency.
ALERT!… USDA Forces Whole Foods To Accept Monsanto!
In the wake of a 12-year battle to keep Monsanto’s Genetically Engineered (GE) [...]
Bass On Japan’s Turbo QE: “It Won’t Be Enough”
If JGB investors ‘believe’ as Richard Koo earlier noted, in the BoJ’s new actions and Abenomics (to double the monetary base and generate inflation), then, Kyle Bass explains, a rational investor is likely to sell a portion if not all of them. The BoJ only has JPY10 trillion cushion (after the JPY60 trillion deficit) to soak up this ‘rational investor paradox’ selling and this [...]
The best kept secrets of the Dollar. Is the whole US economy a farce?
The footage obtained by the Daily Mirror reveals how, after beheading the soldier, they hatched a plot to ambush and murder the first police officers to come to his aid
Woolwich attack: Watch shocking video of suspect with bloodied hands wielding knives issue warning
The video, obtained by ITV News, shows a bloodied man after the brutal attack in the street
mirror.co.uk (1 day ago)
Police appeal for calm after Woolwich machete attack
Metropolitan Police [...]
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 [...]
Over the past two decades, corporate America has become obsessed with “shareholder value.”
This narrow measure of company performance, which evolved into a religion in the 1990s, holds that what’s good for a company’s stock price is also what’s good for the company, the company’s customers and employees, and the economy.
So, today, the performance of companies and CEOs are judged primarily by their stock prices.
Capitalizing on this theme, Bloomberg has put together a list [...]
“We have a message for Attorney General Holder over athttp://huffingtonpost.com,” read a message from the Huffington Post political Twitter account earlier this evening.
The website’s home page is one big splash calling for Eric Holder’s exit from the Obama administration, suggesting that the news reported earlier by NBC News was the final straw for liberals who are critical of Obama’s attorney general.
President Barack Obama announced drastic changes to the United States’ counterterrorism operations Thursday, reforming the rules that guide America’s drone program while also expediting the release of Guantanamo Bay detainees. The president spoke at the National Defense University in Washington, DC Thursday afternoon to discuss those two issues in particular, weighing in on a pair of topics that have increasingly attracted criticism to the Obama administration since his first term [...]
In a memo that was circulated to the network’s employees on Thursday, Fox News President Roger Ailes pushed back against what he called the Obama administration’s “attempt to intimidate Fox News.”
Ailes was forcefully responding to new revelations surrounding a 2009 leak investigation, in which the Justice Department obtained a search warrant to view personal communications from Fox News reporter James Rosen.
In the search warrant, an FBI agent labeled Rosen as a “co-conspirator” in [...]
Sky News Newsdesk ‏@SkyNewsBreak
: DEVELOPING: UK fighter jets escorting a Pakistan Intl. Airlines passenger plane being diverted from Manchester to Stansted -
Gregor Peter‏@L0gg0l19 s
Stansted Airport is place for hijacked planes #PIA709
Gregor Peter‏@L0gg0l5 min
PAKISTAN AIRLINES FLIGHT 709 FROM LAHORE TO MANCHESTER SQUAWKS 7700 EMERGENCY CODE — @flightradar24
Ben Marsh‏@benmarsh1 m
Looks like flight #PIA709 has been moved away from the passenger terminals :| https://twitter.com/benmarsh/status/337920902949904384/photo/1
Karl Totton‏@KarlT8255 s
#PIA709 Essex Police says an incident occurred onboard Pakistani [...]
London Gold Market Report
from Adrian Ash, BullionVault
Fri 24 May, 08:45 EST
Gold “Trying to Build Base” as Retail Demand Counters More ETF Selling
The GOLD PRICE fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning.
Silver held tight around $22.50 per ounce, managing only one-third of gold’s 2.0% gain for the week.
After yesterday’s 7% plunge Japan’s stock market bounced, but other Asian equities fell, [...]
8.2 earthquake, Sea of Okhotsk. May 24 15:44 at epicenter (8m ago, depth 619km)
2013-05-24 05:44:49 UTC
2013-05-24 15:44:49 UTC+10:00 at epicenter
2013-05-24 01:44:49 UTC-04:00 system time
54.870°N 153.334°E depth=601.8km (373.9mi)
359km (223mi) WSW of Esso, Russia
379km (235mi) WNW of Yelizovo, Russia
396km (246mi) NW of Vilyuchinsk, Russia
403km (250mi) WNW of Petropavlovsk-Kamchatskiy, Russia
2375km (1476mi) NNE of Tokyo, Japan
No Tsunami Warning Whew…
I don’t think we’re done yet
This is the worst case of hyperinflation in recorded world history…and no it’s not Zimbabwe, which is a distant second.
1. Hungary 1946
Inflation at its peak reached a staggering figure of 13.6 quadrillion % per month! That’s 13, 600, 000, 000, 000, 000%. The largest denomination bill was a 100 Quintillion note. Prices ended up doubling every 15 hours at the time.
See the top 10 list @
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 from WSJ reporter Jon Hilsenrath, who is viewed as close to the central bank.
As concerns that the Fed may begin exiting the bond market this year have risen, investors have unloaded bonds, causing a swift [...]
BREAKING: People and vehicles are in the water after the I-5 Bridge over Skagit River in WA state has collapsed
2 hrs or so north of Seattle, over the Skagit River. Tweets coming in–
SKAGIT COUNTY, Wash. – —
Both north and southbound lanes of Interstate 5 Skagit River Bridge collapsed Thursday evening, said officials with the Washington State Patrol.
The collapse happened between south of Burlington and north of Mount Vernon.
According to the State Patrol, people and [...]
by Chris Powell, GATA:
Dear Friend of GATA and Gold:
In his market letter for May, commodities fund manager John Butler of Amphora Capital in London describes the rationales and mechanisms of surreptitious currency market intervention by central banks, rationales and mechanisms that will be familiar to anyone who follows the gold market with even the slightest skepticism.
Drawing on a long conversation he had years ago with his professor of international economics in [...]
by Elizabeth Harrington, CNS News:
House Minority Leader Nancy Pelosi (D-Calif.) said Thursday during a press conference on Capitol Hill that the buck doesn’t stop with President Barack Obama on the Internal Revenue Service (IRS) scandal, because he cannot “know about everything that is going on in every agency of government.”
“Well, the president doesn’t know about everything that is going on in every agency of government,” Pelosi said in response to a [...]
from Zero Hedge:
What may come as a surprise to most, is that as of this week’s H.4.1 update, the amount of ten-year equivalents held by the Fedincreased to $1.583 trillion from $1.576 trillion in the prior week, which reduces the amount available to the private sector to $3.637 trillion from $3.668 trillion in the prior week. And also, thanks to maturities, and purchase by the Fed from the secondary market, there [...]
Europe’s largest economy, Germany, which has been criticized for not doing enough to help struggling euro zone countries, has topped a poll as the world’s most popular country.
The survey, carried out for the BBC, polled 26,000 people in 25 countries and asked them to rate 16 countries and the European Union as a whole on whether their influence on the world was mainly positive or negative.
Germany came out on top, [...]
“I don’t know.” “I don’t remember.” “I’m not familiar with that detail.” “It’s not my precise area.” “I’m not familiar with that letter.”
These are quotes from the Internal Revenue Service officials who testified this week before the House and Senate. That is the authentic sound of stonewalling, and from the kind of people who run Washington in the modern age—smooth, highly credentialed and unaccountable. They’re surrounded by legal and employment [...]
Holder OK’d search warrant for Fox News reporter’s private emails, official says
Attorney General Eric Holder signed off on a controversial search warrant that identified Fox News reporter James Rosen as a “possible co-conspirator” in violations of the Espionage Act and authorized seizure of his private emails, a law enforcement official told NBC News on Thursday.
The disclosure of the attorney general’s role came as President Barack Obama, in a major speech [...]
They approve gays today. This will destroy the BSA.
IRS replaces official who oversaw targeting
The 2013 hurricane season is shaping up to be active to extremely active, the National Oceanic and Atmospheric Administration warned Thursday.
There’s a 70% chance the season, which starts June 1 and lasts through November, will see 13 to 20 named tropical storms, with winds of at least 39 miles per hour — which qualifies them for a name. Of those, 7 to 11 could become hurricanes, with winds of more [...]
Once, twice, three times a lady!
President Obama’s speech Thursday on national security wasn’t just a one-sided affair. The president paused multiple times when Code Pink founder Medea Benjamin shouted out, literally stopping Obama in his place and forcing him to respond. Benjamin was demanding answers for the drone strikes that killed four American citizens as well as the end to holding detainees at Guantanamo Bay. Benjamin is a well-known anti-war [...]