Risk Premiums Raising As Contagion May Spread To Spain & Italy, Cyprus Deal Calls Into Question The Safety of Bank Deposits, European Bank Runs Could Spread Like Wildfire!

CYPRUS & THE EU: CHAOS & COLLAPSE – Andy Hoffman

 

CONTAGION MAY SPREAD TO SPAIN & ITALY

Burning senior bond holders could create contagion again in European debt markets and now in addition to that bureaucrats have managed to make depositors in periphery nations nervous about their deposits in banks. This could precipitate bank runs in Greece, Spain and Italy with obvious negative ramifications for the entire EU banking and financial system.

Cyprus is a little [...]

“Focus On Gold’s Value Rather Than Solely Its Price”

by GoldCore

 

 

GoldCore’s Director of Research, Mark O’Byrne was interviewed on Bloomberg Television’s “On the Move” by Francine Lacqua this morning. To listen to the full interview click here.

Today’s AM fix was USD 1,602.25, EUR 1,232.97 and GBP 1,053.70 per ounce.
Friday’s AM fix was USD 1,611.50, EUR 1,246.62 and GBP 1,059.99 per ounce.

Silver is trading at $28.78/oz, €22.24/oz and £18.99/oz. Platinum is trading at $1,586.50/oz, palladium at $758.00/oz and rhodium at $1,250/oz.

Gold fell [...]

Gold +2.5% In Euros – EU Considering Deposit Withdrawal Restrictions And Capital Controls

by GoldCore

Today’s AM fix was USD 1,611.50, EUR 1,246.62 and GBP 1,059.99 per ounce.
Yesterday’s AM fix was USD 1,608.75, EUR 1,246.42 and GBP 1,059.43 per ounce.

Silver is trading at $29.05/oz, €22.52/oz and £19.19/oz. Platinum is trading at $1,588.50/oz, palladium at $751.00/oz and rhodium at $1,250/oz.

Gold climbed $8.70 or 0.43% and closed yesterday at $1,614.40/oz. Silver reached $29.31 and finished +1.29%.

Cross Currency Table – (Bloomberg)

Gold is slightly lower in all major [...]

Why has it taken four years for the Obama administration to bring this case?

From The Project to Restore America:

What has been distinct about Barack Obama’s presidency is his inclination to operate in continuous campaign mode, to deflect attention away from his policy failures and to undermine opposition by politicizing the issues and policy responses he chooses to take up. So now with the president’s attorney general Eric Holder having just announced the filing of a $5 billion Department of Justice suit against Standard [...]

MUST SEE-MUST SHARE VIDEO: “America, Flirting With The Dark Side Of History”

http://www.youtube.com/watch?feature=player_embedded&v=5nh1rZIzPm0#!

You think mass killings of political dissidents couldn’t happen in the United States? Think again.

This is not a political issue, but rather a matter of fact. Every administration since Ronald Reagan has worked diligently and often under the cover of darkness to subvert the Constitution and continue engineering the irrelevance of a Constitutional Republic. Our forefathers had seen this in history, lived it themselves, and foretold conditions that would precipitate [...]

Stalling Job Growth May Spell Trouble for 2013

by Chris Puplava, Financial Sense:

Various indicators I track suggest that we may get a decent pullback in the markets in Q1 2013. While the indicators I look at suggest a correction, they do not shed any light on the catalyst that would precipitate such an event. As I show below, stalling employment growth will most likely be the key.

Two important leading indicators of employment suggest that monthly payroll gains slow to [...]

Welfare Spending Equates to $168 Per Day for Every Household in Poverty: Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months, 47.7 Million Participants!

And we thought last month’s delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August’s 421K new impoverished America, over 1 million Americans made the EBT card their [...]

PLA Admiral: China Should Prepare For Conflict With U.S. Over Disputed Islands

Zhang Zhaozhong accuses U.S. of using drills with Japan as practice for invasion

Paul Joseph Watson
Infowars.com
September 21, 2012

A People’s Liberation Army Admiral has fanned the flames of tensions surrounding the island dispute between China and Japan by suggesting that China would comfortably defeat Japan in a war and that Beijing should prepare for the United States to become involved in the conflict.

A report in People’s Daily - a propaganda organ [...]

Big Russian Fleet nears Syria. Iran to fight regime change a foreign forces pile up.

Russian, Western and Arab forces were piling up on Syrian borders Wednesday, July 25, bringing closer a war confrontation which could spur the Assad regime into making good on its threat to use chemical weapons against “external aggression.”
Based on this reading, Moscow added its voice Tuesday to that of US President Obama and warned Bashar Assad against using chemical weapons in view of “its commitments under the international convention it [...]

KARZAI COMPLAINS: US failed to consult Afghans on airstrike

KABUL, Afghanistan (AP) – Afghanistan’s president said Saturday that the United States has put the two countries’ security pact at risk with a unilateral airstrike that killed 18 civilians, while a Taliban suicide bomber killed four French soldiers responding to a tipoff about a bomb hidden under a bridge.

The violence and the dispute highlight the muddled nature of the international mission in Afghanistan as NATO coalition countries try to shift [...]

Moment NYPD officers brutally beat Bronx 19-year-old without provocation

New surveillance video of Bronx teenager Jateik Reed, 19, who was brutally beaten by police officers earlier this year, calls into question officers’ allegations that the teen was carrying drugs.

In what his attorney calls a stop-and-frisk gone terribly wrong, the new footage shows Mr Reed moments before his encounter with police officers, walking down the street with his hands out by his sides – and NOT holding plastic bags of [...]

How US debt risks dollar doomsday: The US dollar is getting perilously close to losing its status as the world’s reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm.

The US dollar is getting perilously close to losing its status as the world’s reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm.

Yes, worries about insolvency in Europe dominate the headlines. Last week, Standard & Poor’s cut Spain’s bond rating to BBB+ — a clear sign that Europe’s financial crisis is far from over.

But America’s escalating debt problem is far more likely [...]

Possible imminent Eurozone collapse a game-changer for gold

Gold is currently in a protracted period of consolidation and expecting a break-out but it is unclear in which direction! Down to $1,525 or up to $2,000 + – or maybe first one then the other. Interesting times!

Author: Ross Norman
Posted:  Wednesday , 25 Apr 2012 

 

LONDON (SHARPS PIXLEY) -

“Speak of the devil” is a common idiom, which in full is “Speak of the devil and he doth appear”.  In the same way one [...]

Bernays’ sauce is potent stuff

Never a bad time for a little Bernay’s Sauce

 How to Brainwash a nation … and strike fear into the American public – most likely when Eisenhower formed his opinion on the danger of the military industrial complex (Podcast of Ike’s speech here) There are numerous Bernay’s videos around – this one also features military industrial complex documentation by Howard Hunt.

———————————————

Bernays is an interesting character in history. I’m currently doing a review of [...]

All your questions about the historic European downgrade should be answered after reading the following FAQ. Or so S&P believes.

Ironically, it does an admirable job, because the following presentation successfully manages to negate years of endless lies and propaganda by Europe’s incompetent and corrupt klepocrarts, and lays out the true terrifying perspective currently splayed out before the eurozone better than most analyses we have seen to date. Namely that the failed experiment is coming to an end. And since the Eurozone’s idiotic foundation was laid out by the same [...]

Is Europe A “Lehman-Like Symptom Of Faulty Globalized Finance”? Bank Of America Thinks So

For months in a row, the core propaganda meme seeking to drag lambs into the ponzi, has been one of “ignore Europe – it is irrelevant.” Naturally this “narrative” was primarily spread by expendable C-grade media elements whose careers will promptly terminate once this latest episode of artificial “decoupling” is over, as we have been warning for months (at a cost to the S&P of over 200 points). And judging [...]

NOT the oil, stupid?

Recently I said all the trouble with Iran was over oil…….. and it looks like I’ll have to wash my mouth out after reading this…!

So now almost none of Iran’s oil will be traded in Dollars.

India and Japan have also recently agreed a 15 billion dollar currency exchange. This will tie their two currencies closer together.

The list of countries and trades no longer using the dollar for settlement for their trade is [...]

Presenting Anonymous’ “Survival Guide For Citizens In A Revolution”

Following the fireworks from this weekend in which Anonymous hacked and exposed thousands of Stratfor clients and millions of confidential emails, it may be time to pay some more attention to the hacker collective, and specifically a document that was released a few weeks ago titled “Survival Guide for Citizens in a Revolution.” As Anonymous itself says, “This is a snapshot of what Anonymous thinks will be useful for your [...]

NATIONAL REVIEW: NO NEWT

by National Review

Winnowing the Field

A hard-fought presidential primary campaign is obscuring the uncharacteristic degree of unity within the Republican party. It has reached a conservative consensus on most of the pressing issues of the day. All of the leading candidates, and almost all of the lagging ones, support the right to life. All of them favor the repeal of Obamacare. Most of them support reforms to restrain the growth of entitlement spending. All of them [...]

ECB’s Nowotny Slams Door Shut

by ZH

As Deutsche Bank suggested earlier, the ECB needs a market plunge to justify an intervention. Hence, here is the ECB’s very own Nowotny doing all he can do to precipitate a, you go it, market plunge:

NOWOTNY FEARS MERKEL/SARKOZY PROGRAM WON’T BE ENOUGH
NOWOTNY SAYS EUROPE CAN SOLVE CRISIS ITSELF
NOWOTNY SAYS NOT NECESSARY THAT USA `HELP OUT’ EUROPE
NOWOTNY SAYS SMP CAN’T BE COMPARED TO FED, BOE PROGRAMS
NOWOTNY SAYS SMP HAS TIME [...]

The Decline And Fall Of Mainstream Media

New World Reporter
October 10,2011

Could the ‘Occupy Wall Street’ movement, inadvertently precipitate the demise of some long-established American mainstream news media companies, or their conglomerate hierarchy? The thought comes off a little more than wishful thinking to me, as I absorb the news reporting having to do with the protests to date.

Be it traditional television, print or the well-known internet media companies that most people generally [...]

X FACTOR could ’cause mental problems’

Telegraph.co.uk

Ceri Rees was rejected four times in six years on The X Factor Photo: PA

It is Britain’s most popular television programme, but The X Factor has been accused of risking mental illness among some of its contestants by Marjorie Wallace.

The chief executive of Sane, the mental health charity, says the talent show created by Simon Cowell is “playing fast and loose with people’s minds”.

She tells [...]

Senate Rejects House Plan, Takes Weekend Off

House Speaker John Boehner of Ohio speaks a news conference on Capitol Hill in Washington, Thursday, July 21, 2011. (AP Photo/Susan Walsh)

WASHINGTON (AP) — The Senate has rejected a House Republican bill to cut spending and require a balanced-budget amendment.

The vote Friday was 51-46. The tea party-backed measure had been widely expected to fail in the Democratic-controlled Senate.

The focus was on efforts by President Barack Obama and [...]

If the Fed “owns” $1T+ of “debt”, why not just wipe that out?

Erasing debt (forgiving debt) is THE cardinal sin among bankers.

Debt is how bankers make money.  You might say debt is the product bankers offer to the public.

Erasing debt off their books (forgiving debt, writing debt off) is like GM giving cars away, or Coka-Cola giving Coke away, or some other company giving their products away.

Its like you working for free, giving your labor away.   Would you do that?

Granted, it doesn’t [...]

Dan Norcini: Collusion by Fed officials and Commodity Exchange heads has its intended effect

I find it amazing how effectively these people can coordinate their policies with the heads of the commodity exchanges and their pals at the big banks who are perennial shorts in the markets and have now managed to pluck the money out of hundreds of thousands of commodity trading accounts enriching the big banks (government sponsored hedge funds) in the process. Nothing like a [...]

At its rate of collapse, the USD within the next 3,4 Months will break to a new all time lows which will precipitate the coming inflationary collapse

The US Dollar’s inflationary death spiral continues. We’ve now taken out the 2010 low leaving only two more lines of support before we’re in completely uncharted territory.

At its current rate of collapse, the US Dollar will do this within the next 3-4 months. This means the greenback will break into a new all-time lows by 2H11, which will precipitate the coming inflationary collapse.

Small wonder then that [...]

Geithner warns Congress: Raise debt ceiling

January 7, 2011

by Joel Larson

?ORLANDO, FL – In an outreach effort to Congress on Thursday, Secretary Geithner wrote a pleading letter to raise the debt ceiling.

In recent years, raising the debt ceiling has been somewhat clockwork for lawmakers in Washington. However this time around, newly elected members of the 112th Congress may not see such a process as business as usual.

On Thursday Geithner wrote, “Never [...]

The nation-state is dying. Fiat money is the killer.

by Miramanee

The history of the nation-state, as we know, is a sordid tale of theft and military conquest and coercion and trickery and manipulation and lies. But one lie stands out above all the rest. It is the lie that in the end trumps all other lies. It is the lie that, in time, will precipitate the coming of the end of the age of the [...]