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Report: Assad preparing missile strike against Tel Aviv in case attacked again The Syrian army is deploying advanced surface-to-surface missiles aiming at Israel in the aftermath of the alleged Israeli strikes, The Sunday Times reports. Syria is making preparations to strike Tel Aviv in case Israel launches another attack on its territory, The Sunday Times reported on Sunday. The Syrian army has begun deploying advanced surface-to-surface missiles, the report said, adding that it has [...] In the night from 13 to 14 May Russian FSB counter-intelligence agencies in trying to recruit a staff member of one of the Russian special services detained a career member of the U.S. Central Intelligence Agency Ryan Christopher Fogle, working under the cover of the third secretary of the political department of the U.S. Embassy in Moscow http://translate.google.ru/translate…http://rus.ruvr.ru/2013_05_14/Sotrudniki-FSB-zaderzhali-v-Moskve-agenta-CRU/ http://rus.ruvr.ru/2013_05_14/Sotrudniki-FSB-zaderzhali-v-Moskve-agenta-CRU/ An alleged CIA agent has been briefly detained in Moscow for allegedly trying to [...] Wall Street Journal reporter John Hilsenrath is so plugged in at the Federal Reserve that he has earned the nickname “Fed Wire.”
Whenever the Fed wants to start sending a new message to Wall Street, the story goes, they call up John Hilsenrath. And then, thanks to Hilsenrath’s excellent articles, by the time the actual announcement comes out, it’s no big deal, because everyone already knows about it. And now John Hilsenrath is reporting [...] Greek Unemployment Hits New Record High, Youth Jobless Rises By 5% In One Month To 64.2% The Greek economic depressionary catastrophe continues to merrily chug along. Hours ago, Greek Elstat reported that February unemployment rose to a new record high of 27.0%, with the January number revised from 27.2% to 26.7%, up from 21.9% in February 2012, and almost as if unlike the Greek BLS is not even trying to fudge numbers anymore [...] Three Surprise Rate Cuts This Week The Bank of Korea just unexpectedly cut its key interest rate to 2.5% fom 2.75%. This is pretty remarkable, considering that market economists have already been surprised by two other central bank rate cuts this week. On Monday, the Reserve Bank of Australia unexpectedly lowered its key interest rate to 2.75% from 3%. Earlier Wednesday, the National Bank of Poland unexpectedly cut its key interest rate to 3% [...] Asian markets were mostly higher in overnight trading with the Nikkei surging 3.6% to over 14,000 for the first time since June 2008. Europe is rallying and U.S. futures are modestly higher. Global shares are near five-year highs. German factory orders rose 2.2% month-over-month in March. This beat expectations for a 0.5% drop, giving some hope to Europe. Meanwhile, check out Jim O’Neill’s view of the world from now through 2030 > Australia’s central bank cut rates to [...] Overnight the Reserve Bank of Australia (Australia’s central bank) cut benchmark interest rates by 25 basis points to 2.75%.
The full statement from Governor Glenn Stevens is here. Read more: http://www.businessinsider.com/australias-central-bank-would-like-to-weaken-its-currency-2013-5#ixzz2SbmXTemU Gold & Fiat Currency Over the last few months I’ve tried to nail-down an underlying reality, a meaning, the ‘nature’, of both physical Gold and Fiat Currencies. Neither are obvious to the average person, and there are many, many versions as to what they both are, depending upon which camp you are in (Trader, Economist, Politician, PM Bug, Investor, Mum & Dad, Business Owner, Banker, Wanker, Central Planner etc-etc). My reasoning for [...] How on earth can this guy just spend $85 Billion a month of YOUR MONEY With NO CONGRESS APPROVAL! Drudge says PUMP! PUMP! PUMP! Feds continues to BUY BACK their own BONDS… and backs of the USA Tax Payer… from CNBC: The Federal Reserve held fast to its ultra-accommodative monetary policy Wednesday, solidified by what board members described as an economy weakened by fiscal policy. Interest rates will remain at historically low levels while the [...] Fed Keeps Interest Rates Low, Continues Bond Buying Program The Federal Reserve held fast to its ultra-accommodative monetary policy Wednesday, solidified by what board members described as an economy weakened by fiscal policy. Interest rates will remain at historically low levels while the U.S. central bank will not alter its $85 billion a month asset purchasing program, the Fed’s Open Markets Committee decided at this week’s meeting. While recent meetings have been remarkable [...] The Pentagon has in recent days stepped up planning for potential military intervention in the Syrian civil war, specifically because of growing evidence the regime may have used chemical weapons, CNN has learned. “There is intensified planning in the works as more precise information comes in on the Syrian regime’s potential use of chemical weapons and the body of evidence grows,” a senior administration official said. http://security.blogs.cnn.com/2013/04/29/pentagon-steps-up-planning-for-potential-military-intervention-in-syria/ Syria crisis: PM Halqi survives Damascus [...] If Abenomics works, Britain’s leaders will look like monkeys George Osborne should abandon the tribal morality of austerity and, like Japan, print money not for banks but for people If you thought Germany was a model modern economy, forget it. Look east. After two decades of self-imposed austerity, Japan has had enough. Its new leaders are systematically, deliberately, massively inflating their economy. Named after the [...] The US Fed Still has not Disclosed What They’ve Done with Germany’s Gold Reserves! Enough to make a prudent man wonder how many other foreign central banks may have had their custodial gold ‘misplaced’ by the Fed, eh? Are you beginning to understand why the US Fed is terrified of an independent congressional audit? Grabbing ETF and COMEX gold is just a ‘walk in the park’. http://chasvoice.blogspot.com/2012/06/us-fed-still-has-not-revealed-what.html from Market Watch: Perhaps it was only a matter of time. With U.S. quantitative easing seen in China as a blight on the global economy, one woman in the southern city of Kunming has decided to act. According to a South China Morning Post report Tuesday, the woman and her attorney son have filed a lawsuit against the Federal Reserve for driving down the real value of her dollar holdings – totaling $250 [...] The Korean Peninsula has more than a 70 percent chance of war as tensions continue to escalate in the country, according to a warning on Wednesday from a top Chinese expert on North Korean affairs. “There is a 70 to 80 percent chance that a war will happen because North Korean leader Kim Jong-un may want to use this opportunity to force a reunification of the Korean Peninsula,” Chinese expert Zhang [...] by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.
Here’s a recap of some of the larger Fed [...] from FT: Beyond the headline-grabbing combination of a penny off a pint of beer and the partial creation of a British variant of Fannie and Freddie, there is a deeply-disturbing subtext to the fiscal arithmetic in Wednesday’s UK Budget. It reflects an admission from the Office for Budget Responsibility that the underlying growth rate of the UK may be weaker than had been previously assumed. True, the OBR’s central projections contain the [...] Swiss right-wing forces referendum on banning SNB gold sales The right-wing Swiss People’s Party (SVP) has gathered enough signatures to force a referendum on a proposal to ban the country’s central bank from selling any of its gold reserves. The Central Bank of the Russian Federation Gold Reserves Central Bank of the Russian updated its Internet site with February’s data. That data showed that they purchased another 200,000 ounces of gold for their [...] Mac Slavo
Video via SGT Report (Watch at Greg Mannarino’s Youtube Channel) Gregory Mannarino explains the devastating impact of America’s debt based economic model – and what the final outcome of trillion dollar deficits will be. If you want to understand the economic and monetary policies that brought us to this breaking point, watch every minute of the following video. You don’t need a degree in rocket science to figure this out. The debt will continue [...] from FT:
Beyond the headline-grabbing combination of a penny off a pint of beer and the partial creation of a British variant of Fannie and Freddie, there is a deeply-disturbing subtext to the fiscal arithmetic in Wednesday’s UK Budget. It reflects an admission from the Office for Budget Responsibility that the underlying growth rate of the UK may be weaker than had been previously assumed. True, the OBR’s central projections contain the [...] ZURICH (Reuters) – The right-wing Swiss People’s Party (SVP) has gathered enough signatures to force a referendum on a proposal to ban the country’s central bank from selling any of its gold reserves. The proposal, dubbed “Save our Swiss Gold”, would prohibit the Swiss National Bank (SNB) from offloading its gold reserves as well as force it to hold at least 20 percent of its assets in gold, the committee behind the [...] Obama Began Currency Wars in 2010 – Jm Rickards
Rickards say’s The the U.K. Pound Sterling will be as of now the Biggest Loser as they have no Gold to fight with….
BOC Chief Says China Should Be on ‘High Alert’ on Inflation China should be on “high alert” over inflation after February’s figures exceeded forecasts, central bank Governor Zhou Xiaochuan said, signaling a heightened focus on controlling prices. Monetary policy is “no longer relaxed” and [...] http://www.usdebtclock.org/ U.S. dollar’s share of central bank reserves falls to 54% in 2012: World Gold Council The U.S. dollar’s share of total reserves fell from 62% in 2000 to 54% in 2012, according [...] By Paul B. Farrell, MarketWatch
History is accelerating, the American economy is slowing and Fed Chairman Ben Bernanke is the accelerant. Seems like just yesterday his mentor Alan Greenspan admitted to Congress that he “found a flaw” in the “free market ideology” that drove America’s monetary policy for his tenure as Fed chairman. Yes, “flawed;” it took him and America to figure out that self-regulated free markets did “not work.”
Margit Feher and Gordon Fairclough Hungarian lawmakers on Monday passed amendments to the country’s constitution, despite warnings from the European Union and the U.S. that the measures could threaten the rule of law and weaken democratic checks and balances. Parliament, controlled by Prime Minister Viktor Orban’s right-leaning Fidesz alliance, approved the changes—including provisions that allow the court system’s top administrator and prosecutors to choose which judges hear legal [...] US SPENDING ENTIRE GOLD RESERVES EVERY 6 MONTHS! We “purport” to have just over 8.000 tons of Gold. For round numbers this is valued between $400 billion and $500 billion. The Fed has in place (probably clandestinely much more) a plan to purchase $85 billion per month of Treasury bonds that the Treasury must issue but nobody else wants to buy. $85 billion times 12 equals $1 trillion two hundred 60 billion. [...] BERLIN: Germany’s finance minister on Friday warned of the dangers of countries intervening in the foreign exchange markets, as top officials from the group of 20 met amid fears of a “currency war”. Speaking as the meeting opened in Moscow, Wolfgang Schaeuble told German radio: “We do not want state intervention in exchange rates. We want exchange rates that are determined by the markets.” “I am actually very confident that will also [...] |
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