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 [...]
Worlds hottest stock market creates large bearish reversal pattern
CLICK ON CHART TO ENLARGE
33 days ago I was honored to do an interview with Phil Pearlman, executive editor of Stocktwits (listen here). A couple of the key points in the interview were…
(1) Follow the price action of the worlds hottest stock market…
(2) Investor sentiment did not appear to be at peak levels and the market had more room to the upside…
Click to listen to [...]
What is life going to look like as our precious water resources become increasingly strained and the western half of the United States becomes bone dry? Scientists tell us that the 20th century was the wettest century in the western half of the country in 1000 years, and now things appear to be reverting to their normal historical patterns. But we have built teeming cities in the desert such as [...]
May 23rd, 2013
On May 31, 2013 asteroid 1998-QE2 will be passing earth at a distance of approximately 3.6 million miles. The asteroid, believed to be a remnant of a comet, is about 1.7 miles, making it big enough to be a “global killer” should it ever strike earth. But because its trajectory puts it at about 15 times further away from the earth than the moon, astronomers say there’s [...]
by Phoenix Capital Research
Japan’s bond market is officially losing control.
We have definitely taken out the multi-year trendline here, making a new high higher after a higher low. This is BAD news as it indicates that Japan’s bond market could be entering a cyclical downturn.
If this happens then the great global bond market rig of the last five years is coming to an end. Most analysts have been ignoring bonds because stocks [...]
Boehner: ‘Inconceivable’ Obama Didn’t Know About IRS Targeting
“It’s pretty inconceivable to me that the President wouldn’t know,” Boehner said in an interview with Fox News’ Greta van Susteren that was aired Wednesday night.
“I’m just putting myself in his shoes. I deal with my senior staff every day. And if the White House had known about this — which, now it appears they’ve known about it for about a year — [...]
BERNANKE ‘SPARKS MASSIVE SELLOFF’
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.
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
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 [...]
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.
S&P 500 Projections – Goldman Sachs goes uber [...]
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. [...]
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 [...]
May 21st, 2013
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 [...]
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 [...]
The very first vertical take off and landing of the F-35. Took place May 10th 2013 at NAS Patuxent River MD.
The F-35 is descended from the X-35, the product of the Joint Strike Fighter (JSF) program. JSF development is being principally funded by the United States. The partner nations are either NATO members or close U.S. allies. It is being designed and built by an aerospace industry team led by [...]
New York City mayor Michael Bloomberg got into a verbal altercation with a leader of the city’s taxi cab lobby saying that he was going to ‘f***ing destroy’ the group when he leaves office this fall.
Bloomberg has championed a new model of taxi cabs for the City, but that plan recently hit a legal pothole when a state judge sided with the taxi industry in going against his proposed changes.
A terrified woman from Josephine County, Oregon, dialed 911 to report that her violent ex-boyfriend is trying to break into her home, but in response she was told that there are no officers on duty to help her.
The cash-strapped sheriff’s department in the county had been forced to lay off 23 of its 29 deputies after losing millions in federal aid. The remaining six officers had their shifts slashed to [...]
Hopefully some good fireworks today. Pritzker is as corrupt as they come, and this is a Chicago payback job for her bundling massive $$$ for Obama. Her family is Chicago way all the way. And…it broke this morning that she undereported her income by 80 million last year. I’m sure it was just a rounding error.
Valerie Jarret is in the hearing this morning.
And the cspan announcer says she is hispanic? [...]
From Mercenary Trader:
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position: not ever, not never! Adding to losing positions is trading’s carcinogen; it is trading’s driving while intoxicated. It will lead to ruin. Count on it!
2. Trade Like a Wizened Mercenary Soldier: We must fight on the winning side, not on the side we may believe to be correct economically.
3. Mental Capital Trumps Real Capital: Capital comes in two types, [...]
From Bruce Krasting:
In February, when Ben Bernanke gave his report to Congress, he spoke of his concern about “excessive risk taking.” On May 10 he repeated his warning:
… very low interest rates, if maintained for a considerable time, could impair financial stability. For example, portfolio managers dissatisfied with low returns may “reach for yield” by taking on more credit risk, duration risk, or leverage.
So what is Ben talking about? What [...]
From Economic Policy Journal:
BuzzFeed has obtained the “Golden Pitchbook” used by top brokers at John Thomas Financial. In its pages: How cold-calling brokers pressure prospects to buy stocks from the troubled firm…
John Thomas Financial Inc. is a brokerage house straight out of the movie Boiler Room, with brokers fueled by vending machines stocked with nothing but energy drinks and music from Rocky films blaring from speakers. Its founder, Anastasios “Tommy” [...]
Russia to evacuate Arctic floating research laboratory as ice melts</strong><br><br>”Russia has ordered the urgent evacuation of the 16 crewmembers of a drifting Arctic research station, after the ice floe that hosts the floating laboratory began to disintegrate. Natural Resources and Ecology Minister Sergey Donskoy on Thursday set a three-day deadline to draft a plan to evacuate the North Pole-40 floating research station. “The ice is disintegrating,” AFP quoted a ministry [...]