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Mike Adams Bitcoin is a powerful, game-changing crypto currency that may literally change the world. It’s a huge threat to centralized banks and government currency controls because it’s entirely decentralized, anonymous and virtually impossible to track. Bitcoin is the “underground railroad” of money, and it has an important role to play in the epic battle between liberty vs. slavery. But because bitcoin is a currency whose value is based on the psychology [...] As Egypt Runs Out Of Dollars, Is It Next On The Devaluation Bandwagon? Late on Friday Venezuela shocked the world when instead of reporting an update on the ailing health of its leader, as many expected it would, it announced the official devaluation of its currency, the Bolivar by nearly 50% against the dollar yet still well below the unofficial black market exchange rate. By doing so, it may have set off [...] Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Another Lehman Brothers kerfuffle has erupted, this time in Germany, in broad daylight. With a stunning amount: up to €800 million ($1.04 billion) in fees for the insolvency administrator. It blows away the prior German record of €70 million paid to the insolvency administrator of Arcandor AG, the parent of department store and mail-order retailer KarstadtQuelle. Hedge funds, which have massively bought up claims of the original Lehman creditors, are raising a [...] By 2014, the US Department of Homeland Security will be able to scan you at the molecular level from 164 feet, and you won’t even know it. Starting 2013, the US Department of the Treasury will be able to scan every bank and brokerage account you have in the world, save a few possibilities. In both cases, if the government doesn’t like what it sees, they can make short work of [...] Small surveillance drones are starting to be part of police departments across America, and the FAA will soon open up the airspace for more to come. This drone invasion has already raised all kinds of privacy concerns. And if you think that’s bad, across the ocean, Russia seems hell-bent on outdoing its former Cold War enemy. Russia’s leading manufacturer of unmanned aerial vehicles, Zala Aero, has provided the Russian government with more than 70 unmanned [...] Cullen Roche, Pragmatic Capitalism John Hussman has long been on the recession bandwagon and he says his call is finally coming to fruition. In his latest note he highlights the evidence showing that we have reached the point that clearly delineates expansion from new recession (via Hussman Funds): With regard to the economy, I noted two weeks ago that the leading evidence pointed to a further weakening in employment, with an abrupt dropoff in industrial [...] Because the proper trade is to respond only after JCP blew up proving that the US consumer is finished, here is Goldman finally joining the bandwagon of shorting the terminally tapped out all buying, all eating, all charging Joe Sixpack. Moments ago from Goldman: Recommending short positions in the US Consumer Discretionary sector We are recommending a short position in the US Consumer Discretionary sector, with a target of a -6% move and a stop [...] “The Apple Conundrum”: Why One Fund Is Not Buying The iKool-Aid Looking at the parabolic rise in AAPL shares in the past 3 months one would imagine that the company’s product line up, so well telegraphed over the past several years, has changed, or at least has found a way to cure cancer, while expanding margins, and also providing loans to cash-strapped US consumers to buy its products exclusively. Truth is [...] Some crafty criminals are aiming to steal one of the most valuable pieces of your personal property: your banking information. In a new warning, the Federal Bureau of Investigation warns account holders of a new spam email scheme that involves a type of malware called “Gameover.” The scheme involves fake emails from the National Automated Clearing House Association, the Federal Reserve or the FDIC. These messages attempt to trick recipients into clicking on [...] President Obama boasts to sport analyst that he “knew about Jeremy Lin before you did” and that he has envisioned celebrating a Chicago Bulls championship team “every year” since he’s been in the White House. In an interview with ESPN’s Bill Simmons, President Obama talks about how he is able to sneak in watching sports during the day. “Well, first of all, I don’t watch network news or cable news. So in [...] Washingtonexaminer
First lady Michelle Obama has joined her husband’s bandwagon to hit the rich and spread the wealth, questioning how well-off families can feel good if others are struggling. To about 300 supporters wealthy enough to pay $300-$10,000 to attend the mid-day event, the first lady said, “If a family in this country is struggling, we cannot be satisfied with our own families’ good fortune.” She also rapped the rich, as has her [...] From Dividend Growth Stocks: It is human nature to want to jump on the “what’s hot” bandwagon and ignore what’s considered boring. Long considered the domain for “widows and orphans,” utilities have developed a somewhat stodgy reputation. Why are utilities considered good for widows and orphans? Here a few reasons: 1. They are generally less volatile than the market (low beta). Sam Ro CNBC Jeffrey Gundlach Sell Bank of America. Sell it today. And sell it at the market open. This was the message from Jeff Gundlach last night when he gave his presentation titled “The Decline and Fall of the Roman Empire.” Gundlach, the legendary bond fund manager of DoubleLine Capital, acknowledged that some of the best performing asset classes since the beginning of the year were also some of the worst performing ones [...] |
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