Ammo Shortages, More Than Simple Supply and Demand Issues

Awr Hawkins, a columnist for Breitbart.com, asked back in February if the present shortages of ammunition are a deliberate attempt by government agencies to so overwhelm existing manufacturers with orders for billions of rounds that it is resulting in “de facto” gun control. Hawkins asked: “What if the shortage is intentional?”

On Wednesday he raised the same question:

While many of the conspiracy theories that have been propounded to explain DHS [Department [...]

How smart investors could profit from the new huge “subprime” disaster

From Zero Hedge:

Even as the gargantuan $1+ trillion student debt load has been the bubbly elephant in the room that few are still willing to talk about, there have been until now zero opportunities for the proverbial highly convex “ABX” short in the student debt space.

This, of course, is the trade that was put on by those who sensed the subprime bubble is about to pop in early/mid 2007 and [...]

The Smoking Gun on Gold Manipulation: 1975 Fed Chairman Memo on Gold Declassified

Zerohedge has uncovered the ‘Smoking Gun’ on gold manipulation- a ‘Strictly Confidential’ 1975 memo from then Fed Chairman Arthur Burns to the POTUS.
The declassified document indicates Burns informed the President that ‘The broad question at issue is whether central banks and governments should be free to buy gold, from one-another or from the private market, at market-related prices. The Treasury is willing to accept a large measure of freedom for [...]

LCH Hikes Margin Requirements On Spanish Bonds

A few days ago we suggested that this action by LCH.Clearnet was only a matter of time. Sure enough, as of minutes ago the bond clearer hiked margins on all Spanish bonds with a duration of more than 1.25 years. Net result: the Spanish Banks which by now are by far the largest single group holder of Spanish bonds, has to post even more collateral beginning May 25. Only problem with that: it very well [...]

Facebook’s Years of Private Trades Revealed

On April 2, 2008, a lucky buyer picked up Facebook stock on the private market for a paltry $3.50.

While those shares have now ballooned to a value of $38 per share, it’s been a fascinatingly complex and, at times, bumpy road for Facebook’s private pricing history — the details of which, once closely guarded industry secrets known to just a small class of buyers, sellers, and market-makers, is being fully revealed by SecondMarket, [...]

A whale in the waters of negative yields

 ”http://www.ft.com/intl/cms/s/0/6686b916-9381-11e1-8c6f-00144feab49a.html#axzz1uxWBk94o

There is the potential for both public and private market creditors to effect a change in how credit is funded and dispersed – our global monetary system. What that will look like is a conjecture, but it is likely to be more hard money as opposed to fiat-based, or if still fiat centric, less oriented to a dollar-based reserve currency.

        Bill Gross is founder and co-chief investment [...]

Dr. Paul Craig Roberts: ‘The loans are not shielding the world economy. The loans are shielding the private banks from their own mistakes at the expense of the world economy.’

Either self-government is to be salvaged from what remains of the private market economy and freedom, or what remains is slavery - with “a single market, a single currency and a single central bank” under a European Union “Ministry of Finance,” as proposed by former ECB  President Jean-Claude Trichet.

The goal of the IMF from its inception has been to create a world currency  –  a prevailing fiat-money banking system that will make world government possible, that will [...]

There are two critical new numbers to pay attention to immediately – that we are sure the market will soon learn to appreciate.

by Zh

 

Three weeks ago we discussed the ultimate-doomsday presentation of the state of Spain which best summarized the macro-concerns facing the nation and its banks. Since then the market, and now the ratings agencies, have fully digested that meal of dysphoric data and pushed Spanish sovereign and bank bond spreads back to levels seen before the LTRO’s short-lived munificence transfixed global investors. However, the world moves on and while most are focused directly [...]

Forget Facebook: Why Regular Joes Can’t Invest in the Decade’s Hottest IPO — and Probably Shouldn’t Try

Even after some disappointing news came to light in the company’s latest public filing earlier this week, investors are jostling to get shares in Facebook’s epic debut in the stock market next month. Fuhgeddaboudit: Individual investors are unlikely to be able to buy Facebook shares before they start trading on the Nasdaq stock exchange.

There are three reasons for this: The big boys are at the front the line, you are at the [...]

Ron Paul Opposes Federal Aid to Tornado Victims: There Is No Such Thing As Federal Money. They Should Have Insurance

Rep. Ron Paul, R-Texas, while being interviewed on CNN’s “State of the Union,” announced his opposition to victims of the recent tornadoes in the South and Midwest getting federal emergency aid. It is a not a role of the federal government, according to the National Journal.

What damage and death have the tornadoes wrought?

According to MSNBC, tornadoes hit hardest in Indiana, Ohio and Kentucky. Tornadoes have also been reported in Tennessee, North Carolina, and [...]

Bloomberg: PIMCO’s Gross on ETF launch and ISDA decision

PIMCO founder and co-CIO Bill Gross spoke with Bloomberg Television’s Tom Keene today about the launch of the Total Return ETF, investment strategy and the ISDA’s decision on Greek debt.

Gross said that the ETF is “really a mom-and-pop type of thing from my standpoint.” He also said that the ISDA has yet to make a final call on Greek default-swaps and that “it’s not a slam dunk…we expect the next [...]

Bloomberg’s Trish Regan talks to Bill Gross of PIMCO: I’m “very worried” about the global economy and that U.S. Treasuries are an “safe haven.”

PIMCO’s Bill Gross spoke to Bloomberg TV’s Trish Regan this afternoon, saying he’s “very worried” about the global economy and that U.S. Treasuries are an “safe haven.”

Watch Bill Gross interview here:

BLOOMBERG TELEVISION

 

Bill Gross on the global economy:

 

“We’re very worried [about the global economy]. Aside from recent action in risk markets, which has been very good, we think the global economy and the global financial markets are at risk in 2012 [...]

Portugal’s Debt Downgraded to Junk

London, 05 July 2011 — Moody’s Investors Service has today downgraded Portugal’s long-term government bond ratings to Ba2 from Baa1 and assigned a negative outlook. Concurrently, Moody’s has also downgraded the government’s short-term debt rating to (P) Not-Prime from (P) Prime-2. Today’s rating action concludes the review of Portugal’s ratings initiated on 5 April 2011.

 

The following drivers prompted Moody’s decision to downgrade and assign [...]

Why the Greek Debt Crisis is “An Absolute Nightmare

Days after S&P’s downgrade sent yields of Greek debt soaring, European officials are reportedlyworking on another bailout package for the debt-laden nation.

The latest chapter in Europe’s never-ending sovereign debt crisis comes about a year after Greece received a 110 billion euro ($158 billion) bailout package from the EU and IMF. That bailout was supposed to buy time for Greece to adopt austerity measures without having to tap the public debt [...]

Bill Gross Asks The $64,000 Question: “Who Will Buy Treasuries When The Fed Doesn’t?” His Answer: “I Don’t Know”; Gross Is Getting Out Of Risk; Pimco Just Issued A “Sell” Rating On Everything!

by ZH

After serving as the inspiration for the Chairsatan’s latest appellation with his February missive, Bill Gross now goes for the jugular with the $64,000 question: with “nearly 70% of the annualized issuance since the beginning of QE II has been purchased by the Fed, with the balance absorbed by those old standbys – the Chinese, Japanese and other reserve surplus sovereigns. Basically, the [...]

A truly amazing thing has happened in banking. After the worst financial crisis in 75 years sparked the “Great Recession,” we have

by William K. Black

Failed to identify the real causes of the crisis
Failed to fix the defects that caused the crisis
Failed to hold the CEOs, professionals, and anti-regulators who caused the crisis accountable—even when they committed fraud
Bailed out the largest and worst financial firms with massive public funds
Covered up banking losses and failures—impairing any economic recovery
Degraded our integrity and made the banking system even more encouraging of fraud
Refused to follow policies that [...]

Did you know that: The Fed’s Hollowing Out Of U.S. Banks

So the government decided instead to support the housing market by creating an artificial mortgage market, where almost all the originations of the most common types of residential mortgages were purchased by the Federal Reserve as soon as the mortgages were converted to mortgage-backed securities. The Federal Reserve had to buy the mortgage security, because the mortgage rates were well below those that would have been available in a free [...]