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CME HIKES GOLD AND SILVER MARGINS ALMOST 20% TODAY! Gold and silver keep CRASHING

As we predicted several hours ago, adding insult to injury and likely intensifying the gold and silver smash over the next 48 hours, the CME has just announced an 18.5% margin increase in both gold and silver, effective after the close Tuesday 4/16.

As the margin calls-induced slaughter intensifies, expect the CME to hike margins again in a vicious negative feedback cycle until margins equal cash.

From the CME:

Those holding paper forms [...]

WORSE THAN LEHMAN: BAML’s Comprehensive Guide To A Greek Exit, And Its Likely Impact On Markets

BAML is out with a monster report today detailing a couple different scenarios for how a Greek exit from the euro will likely shake out as well as a comprehensive look at the effect it will have across asset classes given different policy responses to such an event.

Greece’s Ominous Fiscal Situation — Next Two Months

Here is the best case, based on BAML estimates, which provides a good baseline for measuring more likely (and significantly [...]

Have you got enough air miles to go into space? Carriers roll out programs offering better-than-average rewards

Blackout dates, expiry dates and limited seating are but a few of the obstacles faced by travellers eager to use up their air miles.

So it will come as a relief to flyers that at long last airlines are coming up with more flexible, exciting ways for people to use up their miles.

From on-board treats to out-of-this-world adventures, they are offering unique ways to use up excess points. 

IdeaWorks, a research company [...]

When Risk Is Disconnected From Consequence, The System Itself Is At Risk

by Charles Hugh Smith from Of Two Minds

When Risk Is Disconnected From Consequence, the System Itself Is at Risk

If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial trickery in Europe and elsewhere is doomed to fail.

The entire global economy’s fundamental financial instability can be traced back to one simple rule of Nature: risk cannot be eliminated, it can only be [...]

The Traveling Salesman Problem, To QE Infinity & Beyond

The distance between dimensional and linear is perception of perceptions, relativity. Once you understand the implications of addition to 0, enabling separation of charge through algebraic construction and deconstruction, across the dimensional looking glass multiplexer, the rest is a piece of cake. Your senses, driven by DNA feedback evolution, result in the integral false assumptions, which enable derivative switching for you, creating the event horizon channels.

A fusion/fission reactor is a [...]

Preserving The Status Quo With Artifice And Lies Leads To Systemic Collapse

From Charles Hugh Smith from Of Two Minds

Preserving the Status Quo with Artifice and Lies Leads to Systemic Collapse

Suppressing dissent, transparency and fact inevitably leads to systemic collapse– exactly what we’re seeing in the European financial system.

Fortunately for us, when our immune system identifies a cancer cell, the cancer cell can’t demand to be saved by threatening to kill the entire system. You see the irony here, of course; the cancer [...]