Have you ever noticed that whenever the government or the mainstream media wants to demonize a particular point of view they call it a “conspiracy theory”? The unspoken message is that normal people such as us should never dare to question the official propaganda being put out by “official sources”. But what if those “official sources” are wrong? What if those “official sources” have a specific agenda that they [...]
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Sometimes it pays to get lucky! Was the car lucky in the above photo? When it comes to potential “close calls” the price action on a weekly basis in the S&P 500 ETF (SPY) might not get any closer!
The “weekly” closing high last week was within 50 cents of the weekly closing high back in 2007! Odds are low that this unique will stay, yet if it [...]
Real doom and nobody cares? I’m glad not to live in the USA, the future warzone
Soon thousands of tanks will drive your streets (lots of them already are) and you are like “Hey the nobody this, and the pope and malachies prophecy that” Seriously? You’d rather roleplay fake doom?
The united states is going to change into a warzone.
The following links also have loads of pictures of these armored vehicles with [...]
I would love to superimpose a chart of the following:
Population of Earth (consider in 1970 there were 4 billion people, now in 2013 there are 7 billion!)
Inflation of U.S. Dollar (98% purchasing power eroded since 1913…hmmmm what Act was passed by Congress in 1913?)
Consolidation of wealth/wealth distribution….I do not like the term “wealth distribution” because wealth is not distributed, it is earned and obtained. But, I think of “wealth distribition” [...]
“Gold Will Prove A Haven From Currency Storms” – OMFIF Study
Today’s AM fix was U.S.D 1,690.00, EUR 1,265.82, and 1,060.49 GBP per ounce.
Yesterday’s AM fix was U.S.D 1,683.25, EUR 1,260.11 and GBP 1,050.85 per ounce.
Silver is trading at $31.79/oz, €23.91/oz and £20.04/oz. Platinum is trading at $1,695.25/oz, palladium at $723.00/oz and rhodium at $1,150/oz.
Cross Currency Table – (Bloomberg)
Gold rose $7.00 or 0.42% in New York yesterday and closed at $1,686.90/oz. [...]
from Russia Today:
As 2012 comes to an end, RT takes a look at the events that have been dominating the headlines for the past 12 months. Today we bring you the story of the massive protests that have been shaking Europe all year, from the point of view of our news team.
From The Mercenary Trader:
“Jeff Bezos stopped by our office yesterday and spent about 90 minutes with us talking product strategy. Before he left, he spent about 45 minutes taking general Q&A from everyone at the office.
“During one of his answers, he shared an enlightened observation about people who are “right a lot.”
“He said people who were right a lot of the time were people who often changed their minds. He [...]
Steve Schwarzman, Chairman and CEO of Blackstone, sat down with Bloomberg News’ Jason Kelly and said that election scrutiny of private equity may pay off: “There’s a point of view that these business have performed very well for institutions…Ironically, it gave the public and other people a chance to think through these arguments.”
Schwarzman also said, “We have not seen any of the blow back that you might expect.”
Schwarzman on [...]
FX Concepts’ John Taylor: ‘The equity market is not showing any legs, Being below 1440 which is where we started…’
On whether he agrees with those why say that Bernanke signaled last month that Fed actions are tied to equity markets and what that means for those buying and selling currencies:
“Normally equities correlate very highly with risk on and risk on correlates very highly with dollar weakness. So wanting to strengthen the [...]
Today four-decade veteran John Hathaway told King World News, “We’re in the final years of what’s been happening since the 1930s.” The prolific manager of the Tocqueville Gold Fund also said, “Needless to say, the mainstream media has no clue about it.” Hathaway also warned the current system is “… now in its final stages.”
Here is what Hathaway had to say: “I continue to believe that gold is at the end of its year [...]
Times of Israel
August 20, 2012
Israel’s Prime Minister Benjamin Netanyahu “is determined to attack Iran before the US elections,” Israel’s Channel 10 News claimed on Monday night, and Israel is now “closer than ever” to a strike designed to thwart Iran’s nuclear drive.
The TV station’s military reporter Alon Ben-David, who earlier this year was given extensive access to the Israel Air Force as it trained for a possible attack, reported that, since upgraded [...]
POLAND’S entry into the euro is imminent—in theory. With relatively healthy public finances, it should easily qualify. The economy is slowing but it is still the fastest-growing among big EU countries. Germany wants Poland in, at one time even talking of it joining in 2015. Yet Donald Tusk’s Civic Platform-led government has an opaque public line, promising only to join when the conditions are right.
The truth is that Poland faces [...]
From Pragmatic Capitalism:
I have read several articles as of late dicussing the excessive “bearishness” of investors, which from a contrarian point of view, is “bullish” for the stock market.
The general position is that investors are so bearish that they are now just hiding in bonds and stuffing cash into their mattresses, and let’s not forget stocking up on gold and ammo, and shunning stocks completely. However, is that the case?
I have read several articles as of late discussing the excessive “bearishness” of investors, which from a contrarian point of view, is “bullish” for the stock market. The general position is that investors are sobearish that they are now just hiding in bonds and stuffing cash into their mattresses, and let’s not forget stocking up on gold and ammo, and shunning stocks completely. However, is that the case? With the majority of analysts still [...]
Like many Americans these days, Dick Bove is very unhappy with his bank and he’s letting everyone know about his horrible experience with Wells Fargo.
It’s a bit odd for a well-known bank analyst to go after a bank the way Bove did in a note he put out to clients today. Bove lays out all the dirty laundry from his banking relationship with Wells Fargo (he was originally a [...]
An open-ended round of quantitative easing that could be adjusted to suit economic conditions should be considered if the Fed launches a fresh round of monetary stimulus, a top policy official in the Federal Reserve said in an interview with the Financial Times.
There is “pretty significant” downside risks to the U.S. economy from the euro zone crisis, John Williams, president of the Federal Reserve Bank of San Francisco, said in [...]
IRS data suggests that, globally, U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash.
The Fed’s latest Flow of Funds report showed that U.S. nonfinancial companies held $1.7 trillion in liquid assets at the end of March. But newly released [...]
A really good article from the employer’s point of view, about hiring. Well worth reading. By the brilliant, out-of-the-box thinker, Charles Hugh Smith:
Dear Person Seeking a Job: Why I Can’t Hire You (July 3, 2012)
“The sad truth is that it’s costly and risky to hire anyone to do anything, and “bankable projects” that might generate profit/require more labor are few and far between. The overhead costs for employees have skyrocketed. So [...]
From The Big Picture:
So I am still catching up with some of the more interesting reads from while I was away, and THIS damned cover made me fall off my chair:
BARRON’S: WHAT’S THE BEST BOND FUND FOR YOU?
A few words about this: The classic magazine cover contrary indicator is a non-business press issue. This is because by the time a specific financial issue reaches the cover of a mainstream media, [...]
A Bank of England manager stabbed himself to death due to the over-whelming pressure he was under at work, an inquest has heard.
The body of Christopher Dymond, 52, was discovered in a secluded car park in Herongate, Essex, after his family had reported him missing.
A post-mortem revealed Mr Dymond died from self-inflicted stab wounds to his chest and cuts to his arms.
His grieving father, Denis Dymond, told an inquest: “Our [...]
Ahead of the critical meetings taking place in Europe on Thursday and Friday, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. He warned about the current fragility of the global financial system. Rule, who is now part of Sprott Asset Management, also had this fascinating news to share with KWN regarding the big money players he is speaking with: “It was [...]
An Egyptian here, I’ll try my best to give an honest point of view, so you could all be able to form a valid opinion.
So basically we have four major players in our political field
Which although have done a couple of solid steps towards democracy they’re still not willing to give full power to the democratically elected Islamists, for fear of two things; First; that they would undermine the [...]
It might sound CRAZY when I say that Greek stocks could become a good LONG TERM investment soon.
However, from a real contrarian point of view, it might not be that crazy.
The Greek stock market has lost 93.3% from its top in late 2007 to its recent low. Yes that’s correct: 93.3%!
When we look at the Dow Jones in 1929, we can see a similar move: From the top [...]
Raul Ilargi Mendoz, The Automatic Earth
I like that title, The Truth About Europe: There Is No Solution. But I don’t think it can all be summed up, the reasons why I mean, in one article. So I think I’ll make it a running series. Still, whatever data we can look at, past, present and future, none of it will make an essential difference. The title stands: There Is No Solution For [...]
Oil entered a bear market in New York as it headed for the biggest monthly drop in more than three years on speculation Europe’s worsening debt crisis and a slowing U.S. economy will reduce fuel demand.
Futures today are 20 percent lower than their highest settlement this year, a definition of a bear market. Prices slipped as the cost of protecting Spanish bonds against default climbed to a record yesterday and a [...]
From Eric Peters Autos:
There is a big problem with high-mileage cars – from the point-of-view of the government:
Imagine an 80 MPG car – which could be built right now, easily, with existing technology. (Several current European models are already pretty close to the 80 MPG bar.)
Such a car could cut the average person’s fuel costs by two-thirds – in effect, putting things back the way they were circa 1986, [...]