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GOLD EXCHANGE DEFAULT: Clients to be cash settled

Here it comes…

The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services () granted by the Securities and Futures Commission (“the SFC”). With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.

http://www.commodities-now.com/news/14514-hkmex-voluntarily-surrenders-automated-trading-services.html

wonder when Co(n)mex will run out?

http://www.24hgold.com/english/interactive_chart.aspx?…decom=GOLD

Wonder what happens if the price [...]

UNITED STATES IS A CORPORATION

US SUSPENDS CONSTITUTION IN PERMANENT WORLD WAR ON TERROR

US suspends Constitution in permanent world war on terror

Two disturbing developments have occurred in the last couple of days that have gone relatively unnoticed compared to the recent IRS, AP, and Benghazi scandals.

First, the senate is debating an expansion of the already broad powers of the 2001 Authorization to Use Military Force (AUMF) so the U.S. can essentially engage any area in the world in the war on terror, including [...]

Gold In 2013 – Too Many Mysteries Remain Inexplicable

by goldsilverworlds

Let’s go straight to the conclusion: too many mysteries are occurring in the gold market, in 2013, to accept them as regular facts. No matter at which “side” you are of what we consider the most controversial asset, you simply cannot deny that the following list of events is something stronger than suspicious. Most importantly, although the mainstream media were very fast to announce the potential sale of 10 tonnes [...]

WARNING: Stocks And Bonds May Be Setting For A Nasty Sell-Off This Summer As The Fed Start Phasing Out Mortgage Bond Purchase And A Widespread Recession Is Looming

The Past Two Weeks Were A Preview Of The ‘Horror Movie’ Coming To The Bond Market This Summer

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 fromWSJ reporter Jon Hilsenrath, who is viewed as close to the central bank.

As concerns that the Fed may begin [...]

BREAKING: North Korea Launches Short-Range Missiles

Steve Herman ‏@W7VOA 10m

#DPRK reported to have launched some short-range missiles into sea. #Korea

Steve Herman ‏@W7VOA 10m

Yonhap says #DPRK launched 3 short-range missiles into East Sea (aka Sea of Japan).

Confirmed:

South Korea’s Ministry of Defense has detected three launches of short-range guided missiles by North Korea, it said.

Two launches were fired on Saturday morning and another one in the afternoon, reports Yonhap news agency. The missiles were fired from the east [...]

The Truthseeker – Wall Street $$$$S The World

Meet the Wall Street-International Monetary Fund Brothers of Destruction; why Ben Bernanke can’t count; the 10-year hangover from the Tequila Trap; and the fox guarding the chicken coop. Seek truth from facts with Econned author Yves Smith, Web of Debt author Ellen Brown, former senior financial regulator Bill Black, Balkans specialist Nebojsa Malic, and globalization debunker Dr. Carlos Encinas

We Have Blown The Largest Bubble In The History Of Mankind

Mac Slavo
May 17th, 2013
SHTFplan.com

 

Were you to look at official government statistics that calculate our rate of price inflation for food, energy, clothing, and other consumer goods, you’d think that prices were as stable today as they were under the gold standard.

According to the Bureau of Labor and Statistics, the CPI (Consumer Price Index) inflation rate remains well below the Federal Reserve’s 2.5% threshold. Insofar as the government is concerned America’s [...]

SYSTEMIC CRISIS 2013: WITH RECORD STOCK EXCHANGE HIGHS, THE PLANET’S IMMINENT PLUNGE INTO RECESSION

by leap2020.eu

Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. [...]

BREAKING: U.S. to reach debt limit Saturday!!! Lew asks Congress for debt increase, says it’s ‘not open to debate’

The U.S. will reach its debt limit on Saturday, Treasury Secretary Jacob Lew told congressional leaders in a letter on Friday, but said the U.S. is taking extraordinary measures to keep paying bills. Lew said those measures, including previously announced suspension of sales of state and local Treasury securities, won’t be exhausted until “after Labor Day.”

http://www.marketwatch.com/story/us-to-reach-debt-limit-saturday-lew-2013-05-17-13913025?link=MW_home_latest_news

Lew asks Congress for debt increase, says it’s ‘not open to debate’

Treasury Secretary Jack Lew [...]

Trader Alert: The Euphoria Phase of The Bull Market Is Now Entering Its Final Parabolic Phase That Always Crash

We Are Headed Directly Into A Brick Wall Where Everything Just Stops

Every market is going in the wrong direction in preparation for what is coming.  Yes I know, this is always how it works when bubbles are being blown. Money is pouring into bonds in particular, stocks are being propped up and margin balances swollen, people are also being prodded into “selling” their Gold (paper obligations).

As I see it, we are headed [...]

Charlie Rangel outraged: ‘Wrong to Abuse the Tax System’

Rep. Charlie Rangel (D., N.Y.), who was notably censured for not paying 17 years worth of taxes on rental income from a Dominican Republic villa he owned, said Friday morning, “This is wrong to abuse the tax system.”

BREAKING – Israel prepares for war in the Golan heigts – Foxnews

News Channel “Fox News”, presented a video which shows IDF soldiers emerging from Syrian territory. Those who know and read between the lines, can understand that the story was probably in conjunction with the approval of the IDF and may aim to send a message to Assad.

 

Israel might strike Syria again soon, report says 

The Wall Street Journal late Thursday cited US officials as saying that Israel could strike a weapon [...]

‘Absolutely Not Illegal’!! IRS stalled conservative groups, but gave speedy approval to Obama foundation… ‘IS THIS STILL AMERICA?’

IRS Commissioner: Activity ‘Absolutely Not Illegal’

IRS commissioner Steven Miller said the IRS’s targeting of conservatives “is absolutely not illegal”:

http://www.weeklystandard.com/blogs/irs-commissioner-activity-absolutely-not-illegal_724747.html

 

IRS stalled conservative groups, but gave speedy approval to Obama foundation

When the Barack H. Obama Foundation sought tax-exempt status to raise money for good works in Kenya, the Internal Revenue Service provided quick help.

The IRS approved charitable status for the foundation, which was run by President Obama’s brother and named after his father, in [...]

Bankers Fixing The System story about banking industry in 2012 BBC documentary

Part1

Part2

Bankers Fixing The System story about banking industry in 2012 BBC documentary
With gripping first-hand accounts from banking insiders, regulators and politicians this film tells the story of two recent multi-billion pound trading disasters that rocked the City. It shows that some bankers are still taking reckless risks, five years after the crash that brought the world’s economy to its knees. Risk is the engine of growth but reckless risk can [...]

WAL-MART WARNS OF ECONOMIC DISASTER… ARE YOU PREPARED?

by Phoenix Capital Research

 

If you want to get a sense of what’s happening in the world, your best bet is to ignore Government data and focus on corporate revenues.

Why revenues? Because earnings can be massaged any number of ways (depreciation methods, laying off staff to cut costs, depletion of loan loss reserves for banks, etc.). But you cannot fake actual money coming in the door.

With that in mind, I want [...]

JIM ROGERS: EU GOES DOWN THE TUBE AS POLITICIANS SPEND CASH THEY DON’T HAVE

Switzerland’s cherished banking secrecy is under threat. In the ongoing battle against tax evasion, EU finance ministers have agreed to put pressure on the non-member nation to share its banking data with the Union. Investor Jim Rogers told RT that instead of trying to crack tax havens, EU leaders should address the real problems – like their own unchecked spending habits.

U.S. Government clamps down on Bitcoin — Fears ‘lack of control’

US authorities have frozen the account of the world’s largest Bitcoin exchange, which helps move the customers’ cash online. The booming digital currency has hit bureaucratic blocks ever since its rapid growth came to the attention of government.

Truly Frightening: Dane Wiggington EXPOSES CHEMTRAILS Over The USA

Ex-Military Bio-Environmental Engineer Kristen Meghan Blows Whistle On Air Force Chemtrails

 

 

Markets are on a crazy, sugar-fuelled journey – ‘When the music stops,” Chuck Prince famously observed back in mid-2007, “things will get complicated”.

by Liam Halligan, The Telegraph:

The then chief executive of the US banking giant Citigroup was admitting that growing concerns about sub-prime loans could ultimately shatter what we now know was “irrational exuberance” on global financial markets.

“As long as the music is playing, though, you’ve got to get up and dance,” Prince continued. “And we’re still dancing.”

There’s a “we’re still dancing” mood on global markets today, just as there was six years [...]

Watch: Largest Meteoroid Ever Recorded Strikes Moon: “Part of a Much Larger Event”

from The Daily Sheeple:

NASA reports:

For the past eight years NASA astronomers have been monitoring the moon for signs of explosions caused by meteoroids hitting the lunar surface.

Lunar meteor showers have turned out to be more common than anyone expected with hundreds of detectable impacts occurring every year.

They’ve just seen the biggest explosion in the history of the program. “On March 17, 2013 an object about the size of a small boulder [...]

Russia plans for the BRICS to dismantle the dollar system

The status of the dollar as world reserve currency gives the U.S. a number of advantages over other countries. The most important global commodities traded in dollars, although much of this material is not made in the USA. The fact that the global financial system based on the dollar, the Fed allows exporting inflation to other countries, and the government can easily operate under huge deficits.

So far, only China has [...]

Denmark ‘TEARDROPS’ takes EUROVISION

BREAKING: Syria preping missiles to bomb the shit out of Israel if they strike again!

Report: Syrian Army Aiming Missiles at Tel Aviv

The Syrian army is aiming advanced surface-to-surface missiles at Tel Aviv, according to the Sunday Times.

The Syrian army has begun deploying advanced surface-to-surface missiles and has aimed them at Tel Aviv, the British Sunday Times reports.

According to the report, Syria is preparing to strike Israel in case the Jewish State launches another attack on its territory.

The army has received orders to strike central [...]

Keiser Report: Whimsical Price Tyranny

 

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’ In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation [...]

Bill Murphy- Gold Cartel Will Collapse!!

 

(1) His thoughts on gold falling below 1400/oz again.

(2) How the gold cartel will collapse. He believes that this is like the German invasion of Russia, and how Germany still lost (despite the odds). He compares the Germans to the Cartel.

(3) How gold should be going up since the yen has been falling (yet gold isn’t going up in dollar terms)

BREAKING: Extraordinary measures become standard as debt limit hit again

The United States bumped up against its borrowing limit Sunday, forcing the Treasury Department to employ “extraordinary measures” to make sure the government keeps paying its bills.

After a brief hiatus, the nation’s debt limit has returned as a major hurdle for Washington to overcome, and one that will play a central role in fiscal fights heading into the fall.

Congress agreed to suspend the nation’s $16.4 trillion borrowing limit the last [...]

OBAMA AIDE: ‘IRRELEVANT’ WHERE OBAMA WAS DURING BENGHAZI

Dan Pfeiffer: “Irrelevant Fact” Where Obama Was During Benghazi Attacks (May 19, 2013)

EU to ban olive oil jugs from restaurants, starting at January 1st, 2014

The European Union is to ban olive oil jugs and dipping bowls from restaurant tables in a move described by one of Britain’s top cooks as authoritarian and damaging to artisanal food makers.

The small glass jugs filled with green or gold coloured extra virgin olive oil are familiar and traditional for restaurant goers across Europe but they will be banned from 1 January 2014 after a decision taken in an [...]

7 Big Stories That Traders Are Talking About This Weekend – Treasuries, gold, and natural gas

Dave Lutz of Stifel, Nicolaus passes along the top stories that traders are talking about this weekend.

 

Here are the big ones:

Hedge fund managers have gone short Treasuries for the first time in 2 months (Bloomberg)
Chinese home prices rise at a slower pace in April (China Daily)

Read more: http://www.businessinsider.com/what-traders-are-reading-this-weekend-may-19-2013-5#ixzz2TkOQbWD2

10 Wild Statistics About How Nobody Can Lose In This Market

Scary, almost.

Here are some wild stats about the current rally in the S&P 500 in 2013 which brings the gains to 17%+:

Of the twenty weeks this year, just four have been negative weeks.
Of the four negative weeks just one has included a loss over 2%.
Of the four negative weeks just two of them included losses over 1%.
There have been zero 4%+ corrections this year.
The S&P 500 has gained about 0.18% on average per day year to date.
 The S&P 500 has [...]

TAXES IN FRANCE ‘TOP 100% OF INCOME’

Taxes on some wealthy French top 100 pct of income: paper

http://www.reuters.com/article/2013/05/18/us-france-tax-idUSBRE94H0AX20130518

Leading economist is betting against China – “We believe that the domestic Chinese banking system is a mess, with an enormous amount of bad loans, or loans waiting to go bad”

Carson Block, the founder of Muddy Waters Research, believes that China’s banks hold more toxic assets than Western peers did ahead of the 2008 financial crash.

He is listened to by institutional investors, regulators and politicians but he rarely speaks publicly. Last week, his analysis of Standard Chartered’s exposure to China caused a tremble in its share price and its backers to leap to the bank’s defence. Carson Block has broken [...]

CIA Admits Using News To Manipulate the USA (1975)

This is an old clip showing admittance of the CIA that they use the mainstream media to manipulate the thoughts and ideas of American citizens in the USA. This has not changed obviously and is good to know happened in the past due to our reality today.

Media Now Openly Admitting The Government Controls The News

A trio of Obama scandals has forced the corporate media admit its own reports are nothing more than the government-controlled talking points and not the product of a free and open press.

If you have been following the news lately you’ll notice there are 3 government scandals that the media is focusing on 1) The DOJ spying on the AP reporters 2) Benghazi gate 3) IRS targeting of activist groups.

While each [...]

PAPER: GOOGLE whistleblower reveals massive tax avoidance scheme… Ready to hand cache of 100,000 emails to UK authorities

Simon Duke and Jon Ungoed-Thomas
The Sunday Times
May 18, 2013

A FORMER Google executive has blown the whistle on a massive and “immoral” tax avoidance scheme that has “cheated” British taxpayers out of hundreds of millions of pounds over the past decade.

Barney Jones, 34, who worked for the internet search giant between 2002 and 2006, has lifted the lid on an elaborate structure which diverts British profits through Ireland to the Bermuda [...]

DHS Memo Advises Deference to Muslim Extremists – While guidelines warns of dangers posed by ‘conservative’ Americans

The Department of Homeland Security, which under Secretary Janet Napolitano has shown a keen interest in monitoring and warning about outspoken conservatives, takes a very different approach in monitoring political Islamists, according to a 2011 memo on protecting the free speech rights of pro-Shariah Muslim supremacists.

In a checklist obtained by The Daily Caller entitled “Countering Violent Extremism Dos and Don’ts” the DHS’s Office of Civil Rights and Civil Liberties notifies local and national law enforcement [...]

Class of 2013: The Most Indebted Ever

 

 

Chart: Wall Street Journal

http://www.zerohedge.com/news/2013-05-18/class-2013-most-indebted-ever

Flashback: Democrats Schumer, Franken urged IRS to target tea party in 2012

Long before the Internal Revenue Service revealed it had improperly targeted conservative 501(c)(4) groups, a group of Democratic senators led by New York Sen. Chuck Schumer urged the IRS to do just that.

The IRS’s admission last Friday that it had singled out tea party and other groups for extra audits and delays has raised concerns that President Barack Obama’s administration quietly attempted to stymy opponents through intimidation. But many prominent [...]

BREAKING: Car plows into crowd at Trail Days parade in Virginia, ‘mass casualty’ event declared

Car plows into crowd at Trail Days parade in Virginia, ‘mass casualty’ event declared

Numerous pedestrians struck by vehicle in Damascus, VA (Trail Days) – 4 medical helicopters and almost a dozen ambulances assisting. -SF01

https://twitter.com/L0gg0l/status/335825994323726336

Some updates!

Scannerfood @scannerfood 6m
Per unconfirmed sources at the scene “Elderly man in Cadillac possibly having have a medical emergency lost… fb.me/xvzfRILg
View details ·

Scannerfood @scannerfood 9m
Expect local hospitals to be on total diversion, local hospitals paging out additional personnel for [...]

Average students should skip college and become PLUMBERS because they will earn as much money without debt, says Bloomberg

The billionaire has advised ‘so-so’ students to avoid expensive college fees and learn a practical skill like plumbing
Plumbing is also good because it can’t be outsourced or done by computer, he advised

New Yorkers are used to Mayor Bloomberg trying to nanny them with laws about soda sizes and smoking, but now the billionaire has taken to dishing out career advice.

Speaking on his weekly radio show on Friday, Bloomberg suggested that [...]

Obama administration knew IRS was harassing tea party groups since JUNE

Appointee in charge of screening tax-exempt applications is now in charge of implementing new Obamacare taxes
Ousted Steven Miller defends himself, insists that targeting of conservatives was ‘foolish mistakes,’ not political gamesmanship
May 10 leak that launched the scandal was ‘prepared,’ Miller acknowledges
Former IRS commissioner testified last year that there was ‘absolutely no targeting’ going on
Democrats on the panel blame 2010 ‘Citizens United’ Supreme Court ruling for creating a flood of tax-exemption [...]

Italy’s New Government Approval Rating Plummets From 43% To 34% In Three Weeks, Protests Return

It was less than a month ago that the new Italian government of the pseudo-technocrat Letta, of Bilderberg 2012 and Aspen Institute fame, was voted in by a majority of the PD and the PDL parties (the latter agreeing so Berlusconi would get an extension of his much needed political immunity from assorted prison sentences). It may not last too long. As Reuters reports, it took just 20 days for Letta’s approval rating to plunge by [...]

Terrified passengers escape alive as USAIRWAYS flight makes belly landing at Newark airport

A US Airways flight with 34 people aboard was forced to make a dramatic belly landing at Newark International Airport last night.

Terrified passengers managed to escape the plane unharmed after the plane’s pilot – named by witnesses as Edward Powers – performed a heroic emergency landing.

Video footage of the turboprop twin-engine plane coming down on the runway showed a dramatic shower of sparks flying from its underbelly as it scraped [...]

VIDEO: Entire Audience at NJ Gun Hearing Disobeys Senators Orders, Recites Pledge

 

After a late start, and a “ten minute break” that lasted more than a half hour, the NJ Senate committee on gun control decides to cut off public comment on the proposed gun control bills at 4 o’clock. The chairman and most of the committee then refuse to honor the pledge of allegiance. This took place at the NJ Senate gun control hearings in Trenton on April 30, 2013.