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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Zhang Zhaozhong accuses U.S. of using drills with Japan as practice for invasion
Paul Joseph Watson
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
New World Reporter
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
January 7, 2011
by Joel Larson
?ORLANDO, FL – In an outreach effort toÂ 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, â€œNever [...]
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 [...]