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 [...]
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from FT:
There is no better topic than gold to polarise an investment discussion. So the recent sharp drop in the metal’s price has pushed to fever pitch the debate between two camps with deeply held convictions: those who view gold as overvalued and lacking both income and capital appreciation attributes; and those who feel it is only a matter of time before others appreciate again gold’s unique role as an [...] From Zero Hedge: [Thursday], the rumor turned out to be a joke. Today, there was no rumor, but as we warned, it was only a matter of time. Less than four hours later, the time has come, and Jon Hilsenrath’s “Fed Maps Exit from Stimulus,” conveniently appearing after the close, has just been released. From Hilsy… pointing out what everyone already knew: Federal Reserve officials have mapped out a strategy for winding down an [...] by Michael Do you actually believe that the central banks of the world are going to sit back and do nothing while their monopoly over money creation is being threatened? Do you actually believe that the governments of the world are going to allow a digital currency that they have no control over to become “the future of money”? If so, then you are incredibly naive. Wars have been started over much [...] ‘Real’ Jobless Rate Still Above 10% In Most States… … Nowhere is that more apparent than in employment. Though employment has risen by 1.3 million over the past year, unemployment that counts the discouraged and underemployed, as well as the jobless (often called the “real” unemployment rate) has remained stubbornly high, at 13.8 percent of the workforce, according to the most recent count. In fact, a state-by-state look at the numbers, released a few [...] US PMI COMES IN JUST ABOVE EXPECTATIONS AT 52.1 Markit’s April U.S. manufacturing PMI survey results are out.
The headline index came in at 52.1, slightly above the flash estimate of 52.0 published earlier this month, but down from March’s 54.6 reading. Any reading above 50 on the index signals expansion, so the 52.1 reading in today’s release suggests that American manufacturing is still expanding, but at a markedly slower pace than in March. The new [...] US Macro Data Plunges To 5-Month Low Bloomberg Brief’s Rich Yamarone has some recent examples that may make this week’s GDP hopes look a little rich…
EL-ERIAN: Just As People Were Starting To Relax, The Sequester News Has Taken A Turn For The Worse Just as people were starting to relax – feeling that the warnings had been too alarmist – the “sequester” news took a turn for the worse. The consequences go beyond [...] from Market Watch: Perhaps it was only a matter of time. With U.S. quantitative easing seen in China as a blight on the global economy, one woman in the southern city of Kunming has decided to act. According to a South China Morning Post report Tuesday, the woman and her attorney son have filed a lawsuit against the Federal Reserve for driving down the real value of her dollar holdings – totaling $250 [...] CORRECTED: Just in: “War is just a matter of time,” @clancycnn quotes latest reports on North Korea TV this AM. #dprk https://twitter.com/cnnmornings/status/322292602500161537 Steve Herman ‏@W7VOA 35s North Korea warns it has ‘powerful striking means’ on standby The Committee for the Peaceful Reunification of the Fatherland also said Thursday it has entered co-ordinates [...] U Of Texas Professor Says AUSTIN — A University of Texas professor says the Earth would be better off with 90 percent of the human population dead. “Every one of you who gets to survive has to bury nine,” Eric Pianka cautioned students and guests at St. Edward’s University on Friday. Pianka’s words are part of what he calls his “doomsday talk” – a 45-minute presentation outlining humanity’s ecological [...] CYPRUS: COULD THERE NOW BE A RUN ON SPANISH, ITALIAN & GREEK BANKS? Well if I lived in Spain. Greece or Italy, do you know what I would be doing tomorrow? Trotting off down to my local bank and withdrawing all my savings and then either stuffing it under my mattress, putting it into a German bank, or buying property or gold with it. http://www.iaindale.com/posts/2013/03/17/cyprus-could-there-now-be-a-run-on-spanish-italian-greek-banks? After The Banksters [...] Colorado is going to recall all the democrats that voted for gun control. It is happening! The people are standing up to these criminals that are imposing anti-constitutional gun control laws. They are rising up to RECALL these anti-American criminals. Here is a page where you can help and add your support. http://www.coloradoaccountability.com/cms/ WE ALL MUST STAND UP TO THIS IN STATES LIKE COLORADO, OR IT WILL CONTINUE TO SPREAD TO EVERY [...] You should too …. 440 Banks Have Going Under since the Big Bailout that was supposed to save us all. One Bank every week Fails, and the FDIC doesn’t have the money to save the system it’s only a matter of time. http://offgridsurvival.com/economiccollapse-preparingfinancialarmageddon/ Ex-Feds & Wall Street Execs Are Going Into Hiding-Why? From Dave Hodges … by Michael China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening. The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is becoming stronger with each passing day. Unless something truly dramatic happens, it is only a matter of time before China overtakes [...] Mac Slavo
With the the U.S. economy having once again dropped into negative recessionary growth, currency wars around the world heating up through direct and indirect devaluations, and trillion dollar fiscal deficits piling on, how is it possible that the stock market, a key measure of economic health for many Americans, is touching near all time highs? Marin Katusa, Chief Strategist at Casey Research, suggests that this effect can be traced to [...] This is starting to get a bit scary. Just a matter of time before the web is locked down and TPTB blame Anonymous for collapsing the economy and an excuse to roll out Martial Law! Earlier this week, representatives of the US Federal Reserve stated that the recent Anonymous hack did not affect their critical operations. In addition, they said that the hacktivists’ claims were “overstated.” To prove that they mean business, [...] Breaking the Wall by Miguel Perez-Santalla BullionVault Friday, 25 January 2012
It is only a matter of time until something blows…
ANYONE who knows me knows I am the type of person that sees the cup half full, writes Miguel Perez-Santalla, vice-president of business development at BullionVault’s New York office.
I always try to keep a positive attitude, even in times of struggle. But to me it is one thing to keep a positive attitude and [...] by GoldCore Today’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce. Silver is trading at $31.92/oz, €24.05/oz and £20.26/oz. Platinum is trading at $1,692.75/oz, palladium at $718.00/oz and rhodium at $1,200/oz. Cross Currency Table – (Bloomberg) Gold fell $4.90 or 0.29% in New York yesterday and closed at $1,685.60/oz. Silver fell to $32.08 in Asia then rallied to [...] “A significant flare from the active region would seem to be just a matter of time. AR1654 is slowly turning toward Earth, so the chance of an Earth-directed explosion is growing as well.” http://spaceweather.com/ http://www.swpc.noaa.gov/rt_plots/xray_1m.html Updated at: 2013 Jan 10 2200 UTC
“Large AR 1654 is rotating into more geoeffective position. This large group consists of two main cores, in [...] I knew it was just a matter of time when the video full of hollywood hypocrites hit 3 days after a shooting. VIDEO MOCKS STARS FOR DEMANDING GUN RULES… http://www.youtube.com/watch?v=hxRlpRcorEU You can lead a sheep to knowledge but you can’t make them think. I hope you all have a good New Year. But stay frosty. Zero Hedge Reminding the world of just the kind of truthiness that got him sacked originally by that other Italian, the Ex-Goldmanite Mario Draghi, back in November 2011, and which the world has to look forward to when Silvio Berlusconi returns to power some time in 2013, even if not as PM (a position he currently has a snowball’s chance in hell of regaining based on current political polls), Reuters [...] by Michael If the UN is given control of the Internet, that would be a massive step toward making the UN a true global government. The Internet is the number one venue for free speech and freedom of expression on the planet today, and if the UN is given authority over the Internet it would only be a matter of time before free speech is severely cracked down on. Of course it [...] …The letters, circulated Friday, urged Ban to warn the U.S. “against the continuation of acts in violation of international law and of the adverse consequences of any provocative and dangerous acts for which the United States government would be held responsible.” http://www.cbsnews.com/8301-202_162-57553835/iran-accuses-u.s-navy-of-illegal-acts-in-gulf/ One day soon one of these games is going to lead to an event that will set in motion the real SHTF…that there is no return from and no negotiating [...] Greg Hunter USAWatchdog.com … The U.S. faces a financial storm of biblical proportions; I am talking a Noah’s Ark tsunami. The real fiscal cliff isn’t what is coming at the end of the year. It is the debasement of the U.S. dollar at the hands of the Federal Reserve that is printing $85 billion every month in “open-ended” currency creation. According to experts, it is only a matter of time before the U.S. [...]  SHADOW STAT’S JOHN WILLIAMS: FED’S QE TO TRIGGER START OF HYPERINFLATION BY 2014 Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future. The Treasury is going to have funding problems, [...] it was only a matter of time, they use the steroids for all types of injections. 1st confirmed due to injection other than the spine. infection in ankle due to joint injection. “one infection involving the ankle injection…New details have also emerged about the particular type of fungus involved in the meningitis outbreak. As of Oct. 10, the CDC’s fungal disease laboratory has confirmed the presence of the Exserohilum fungus in [...] The Largest Economy In The World Is Imploding Right In Front Of Our Eyes A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic activity is slowing down month after month. So who am I talking about? Not the United States – the economy that I [...] Another “Flash Crash” in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market – $283B already since the Flash Crash in May 2010 – and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than [...] |
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