Sunday, June 30, 2013

Fixing Globalization & The Unbearable Simplicity of Banking - Localize the economy with Food Security. Google Preppers, Permaculture, Transition Cities and Follow the Links, the Neurons of the Global Brain...




Before It's News | Popular Money





Fixing Globalization & The Unbearable Simplicity of Banking - Localize the economy with Food Security. Google Preppers, Permaculture, Transition Cities and Follow the Links, the Neurons of the Global Brain...



Briefly, lending is a no-risk, 'asset-secured' business, in its simplest form seeing borrowers liable only for the original loan, secured against the borrower's assets, plus interest. When the loan is payed back, the bank profits from the interest. When borrowers default, they yield to the lender whatever securities they've put up, normally far exceeding the value of the original loan. The lender still profits.






The Perfect Storm In Bonds




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The Perfect Storm In Bonds



Submitted by Tyler Durden on 06/30/2013 The Fed has managed to remove some of the complacency in financial markets for now, but we would also argue that financial markets have managed to remove any complacency the Fed (and any other central banks) may have had regarding how easy the exit strategy from QE was going to be. As we discussed here, the market and the Fed are trapped in a prisoner’s dilemma, and, as Citi notes, the events over the past three weeks make it clear that 'collaboration' is the best strategy – i.e. a non-complacent market and no hawkish surprises from central banks. There is a big risk to this scenario though.






Unprecedented Wealth Destruction & Volatility Has Now Begun




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Unprecedented Wealth Destruction & Volatility Has Now Begun



kingworldnews.com June 30, 2013 On the heels of another wild week of trading in global markets, today one of the top economists in the world warned King World News that market participants should expect violent and unprecedented trading in key markets going forward. Michael Pento, founder of Pento Portfolio Strategies, wrote this exclusive piece for KWN. Pento: “I have warned investors in the past that the Fed’s rapid expansion of credit would cause the U.S. economy to enter a period of unprecedented volatility between inflation and deflation.






Pending Market Disaster: The Global Financial System Is Sliding Uncontrollably Towards An Abyss And There’s Only 2% Chance of Dodging A Market Crash




Before It's News | Popular Money





Pending Market Disaster: The Global Financial System Is Sliding Uncontrollably Towards An Abyss And There’s Only 2% Chance of Dodging A Market Crash



World GDP FOUR years after the worst of the financial crisis and the world appears to be faltering again. According to The Economist’s calculations, world GDP grew by just 2.1% during the first quarter of 2013 compared with a year earlier. Just 12 months ago, output was growing at a reasonable clip of 3.1%. http://www.economist.com/blogs/graphicdetail/2013/06/focus-7 Why China’s Economy May Be Heading for a Crash China’s central bank sent global markets reeling when it attempted tighten credit and rein in the country’s shadow banking system. But the consequences of China’s credit binge may just be getting started, and experts say there could be more pain to come for the world’s second-largest economy.






What the Hell Is Wrong with Obama?




Before It's News | Popular Money





What the Hell Is Wrong with Obama?



by David Galland, Casey Research: In recent polls, 65% of Americans said they were against the US government becoming involved in Syria. Yet, the Obama administration has made it abundantly clear that it will now actively support the rebels there.
Disturbingly, our so-called allies in this fight – the anti-Assad rebels – are the sort of people who use suicide bombers to achieve their goals. Which is not surprising given that Al-Qaeda has openly taken a leading role in the opposition the Obama administration now sees fit to support.
And so it is that the very same Al-Qaeda that the US claims is Enemy #1 will soon be receiving weapons from the US, and probably already has.
In one particularly notable display of the world view of our new friends, a prominent rebel leader named Sunni al-Hamad was videotaped snacking on the lung of a dead enemy soldier. The highly placed member of the intelligence community whom I briefly referenced in my last missive told me that the most favorable interpretation of this barbaric act the analysts could come up with was that the fellow was actually trying to eat the heart, but ate the lung instead.









10 Things Social Security Won’t Tell You



The truth about the agency’s bottom line Market Watch 1. “Long-term deficit? We can hardly afford our bills today.” About a third of workers in their 50s expect Social Security benefits to be their primary source of income in retirement, according to the Transamerica Center for Retirement Studies. That reliance gives pre-retirees reason to worry about the future of the program.









New Doomsday Poll: 98% Risk Of 2014 Stock Crash



Commentary: 10 bubbles blowing into biggest crash in 30 years Shutterstock Ticking time bombs from Congress, the Supreme Court, sex, carbon emissions, Big Oil, NSA, IRS, Tea Party austerity. Paul B. Farrell June 29, 2013 By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif.






The Crash in Gold is Good News




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The Crash in Gold is Good News



by Bill Bonner, SilverBearCafe.com: Yesterday, the Dow rose.
Gold, the subject of today’s commentary, fell. From the Financial Times: ‘Gold has tumbled to its lowest level in nearly three years, putting it on track for its biggest quarterly fall since the collapse in 1971 of the Bretton Woods system of exchange rates, which pegged the value of the dollar to the metal.’
This is good news. Gold is doing what it should do. And it is giving us another good opportunity to buy a life vest before the boat sinks.
No market goes up without a correction.






Saturday, June 29, 2013

What the Hell Is Wrong with Obama?




Before It's News | Popular Money





What the Hell Is Wrong with Obama?



by David Galland, Casey Research: In recent polls, 65% of Americans said they were against the US government becoming involved in Syria. Yet, the Obama administration has made it abundantly clear that it will now actively support the rebels there.
Disturbingly, our so-called allies in this fight – the anti-Assad rebels – are the sort of people who use suicide bombers to achieve their goals. Which is not surprising given that Al-Qaeda has openly taken a leading role in the opposition the Obama administration now sees fit to support.
And so it is that the very same Al-Qaeda that the US claims is Enemy #1 will soon be receiving weapons from the US, and probably already has.
In one particularly notable display of the world view of our new friends, a prominent rebel leader named Sunni al-Hamad was videotaped snacking on the lung of a dead enemy soldier. The highly placed member of the intelligence community whom I briefly referenced in my last missive told me that the most favorable interpretation of this barbaric act the analysts could come up with was that the fellow was actually trying to eat the heart, but ate the lung instead.









10 Things Social Security Won’t Tell You



The truth about the agency’s bottom line Market Watch 1. “Long-term deficit? We can hardly afford our bills today.” About a third of workers in their 50s expect Social Security benefits to be their primary source of income in retirement, according to the Transamerica Center for Retirement Studies. That reliance gives pre-retirees reason to worry about the future of the program.









New Doomsday Poll: 98% Risk Of 2014 Stock Crash



Commentary: 10 bubbles blowing into biggest crash in 30 years Shutterstock Ticking time bombs from Congress, the Supreme Court, sex, carbon emissions, Big Oil, NSA, IRS, Tea Party austerity. Paul B. Farrell June 29, 2013 By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif.






Luke 6: 42




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Luke 6: 42



The Guardian (2008): The Roman Catholic Church is calling for the effective closure of secretive tax havens as a ‘necessary first step’ to restore the global economy to health.
In a policy paper from the Holy See, Pope Benedict pins the blame for the international financial crisis largely on ‘offshore centres’, many of which, such as the Channel Islands, are British dependencies.
‘They have given support to imprudent economic and financial practices and have also played a significant role in the imbalances of development, allowing a gigantic flight of capital linked to tax evasion,’ says the report. ‘Offshore markets could also be linked to the recycling of profits from illegal activities.’
The BBC (2013): A senior Italian cleric has been arrested in connection with an inquiry into a Vatican bank scandal over allegations of corruption and fraud. Monsignor Nunzio Scarano works in the Vatican’s financial administration. A secret service agent and a financial broker have also been arrested.






What the Hell Is Wrong with Obama?




Before It's News | Popular Money





What the Hell Is Wrong with Obama?



by David Galland, Casey Research: In recent polls, 65% of Americans said they were against the US government becoming involved in Syria. Yet, the Obama administration has made it abundantly clear that it will now actively support the rebels there.
Disturbingly, our so-called allies in this fight – the anti-Assad rebels – are the sort of people who use suicide bombers to achieve their goals. Which is not surprising given that Al-Qaeda has openly taken a leading role in the opposition the Obama administration now sees fit to support.
And so it is that the very same Al-Qaeda that the US claims is Enemy #1 will soon be receiving weapons from the US, and probably already has.
In one particularly notable display of the world view of our new friends, a prominent rebel leader named Sunni al-Hamad was videotaped snacking on the lung of a dead enemy soldier. The highly placed member of the intelligence community whom I briefly referenced in my last missive told me that the most favorable interpretation of this barbaric act the analysts could come up with was that the fellow was actually trying to eat the heart, but ate the lung instead.






10 Things Social Security Won’t Tell You




Before It's News | Popular Money





10 Things Social Security Won’t Tell You



The truth about the agency’s bottom line Market Watch 1. “Long-term deficit? We can hardly afford our bills today.” About a third of workers in their 50s expect Social Security benefits to be their primary source of income in retirement, according to the Transamerica Center for Retirement Studies. That reliance gives pre-retirees reason to worry about the future of the program.






New Doomsday Poll: 98% Risk Of 2014 Stock Crash




Before It's News | Popular Money





New Doomsday Poll: 98% Risk Of 2014 Stock Crash



Commentary: 10 bubbles blowing into biggest crash in 30 years Shutterstock Ticking time bombs from Congress, the Supreme Court, sex, carbon emissions, Big Oil, NSA, IRS, Tea Party austerity. Paul B. Farrell June 29, 2013 By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif.






MUST LISTEN: Let’s get physical: gold refiner Baird’s take on the market




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MUST LISTEN: Let’s get physical: gold refiner Baird’s take on the market



from Gold Money News: Alasdair Macleod interviews Tony Baird of Baird & Co. Ltd (www.goldline.co.uk/) — a London-based Bullion Merchant, refiner and member of the London Bullion Market Association.
Tony discusses the scrap market supply for both gold and silver and how “cash for gold” businesses have contributed to this market in the last few years.
He then details how busy they were during the price dip in April and just who was demanding physical gold and causing backlogs at all the major refiners. A boots-on-the-ground view from the physical bullion market that sheds fascinating light on the refining business and the recent supply and demand for physical gold.






Bond Market Slaughter... Seismic Shifts in Money, Metals Markets “Just the Beginning”




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Bond Market Slaughter... Seismic Shifts in Money, Metals Markets “Just the Beginning”



What happens when bond yields start doing things that they haven't done in 50 years? If your answer to those questions involves the word "slaughter", you are probably on the right track. Right now, bonds are being absolutely slaughtered, and this is only just the beginning. Over the last several years, reckless bond buying by the Federal Reserve has forced yields down to absolutely ridiculous levels.









A Short, Sharp, Close Look at Ordinary Commercial Banking Profits – Tom Dennen



Even with the most cursory examination, lending can be seen as mostly a no-risk, 'asset-secured' business, in its simplest form seeing borrowers liable only for the original loan, which is secured against the borrower's assets, plus interest. When the loan is payed back, the bank profits in the accepted perception of what a bank does for a living – it gives low interest to depositors and takes a slightly higher interest from borrowers, their profit being the difference in interest rates. When borrowers default, they yield to the lender whatever securities they've put up, which normally have asset values far exceeding that of the original loan. The lender still profits.






Friday, June 28, 2013

The Cure for Gray Hair and Heart Disease




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The Cure for Gray Hair and Heart Disease



by Alex Daley, Casey Research: My job helps me learn all kinds of amazing things, and it lends itself well to exploring some very big questions. Like last week. I was casually chatting about biotechnology companies with a friend, when she asked a question deviously complex despite its simplicity: “Why don’t we really have cures for anything?” She then proceeded to list off diseases from cancer to AIDS to malaria to strokes in order to hammer home her point. My answer, in short, was that we are far, far, far more complex than most people understand.






Former Reagan White House Budget Director: This Isn’t Going to End Well. The Fed Has Painted Itself Into A Corner. It’s Violated Every Rule Of Sound Money That Ever Existed. All Interest Rates Are Manipulated. The Yield Curve Is Artificial…




Before It's News | Popular Money





Former Reagan White House Budget Director: This Isn’t Going to End Well. The Fed Has Painted Itself Into A Corner. It’s Violated Every Rule Of Sound Money That Ever Existed. All Interest Rates Are Manipulated. The Yield Curve Is Artificial…



David Stockman The Fed Created a Bubble Machine – Global Economic Crisis Has the Federal Reserve’s ultra-easy money ZIRP policies destroyed honest market price discovery and inflated a massive asset bubble? Outspoken former Reagan White House budget director David Stockman thinks so and believes the Fed has created a massive bubble. He sounds off on the Fed and the huge financial challenges we face in the months and years ahead. http://www.realclearmarkets.com/video/2013/06/27/stockman_this_isnt_going_to_end_well.html David Stockman’s Non-Recovery Part 5: Peak Debt And The Wages Of Keynesian Sin Read more at http://investmentwatchblog.com









New Bank Of America Whistle-Blower Emerges: More Customer Abuse Secrets



Bank of America whistle-blower details latest scheme to abuse homeowners, evade settlement rules and pocket cash By David Dayen Enlarge Last week, I detailed bombshell revelations from Bank of America whistle-blowers, in which former employees of the bank detailed systematic fraud and deceptive practices inside their loan modification department — including bonuses and Target gift cards for staff who racked up foreclosures. Now, another new lawsuit, featuring a separate whistle-blower, contains additional remarkable revelations – and may shed light on Bank of America’s strategy in getting out from under the mountain of legal exposure and costs in which it now finds itself. Simply put, the bank seeks to pocket quick cash and evade practices set forth in major settlements – by cashing out of the subprime mortgage servicing business. The result would be to leave struggling homeowners back at square one, with even fewer protections to avoid foreclosure.









WARNING: The Process Of QE-Driven Bubble Bursting Has Began



Global Derivatives Market Has Already Suffered A Staggering $300 Trillion of Losses, Fed Lost $151 Billion in Bond Values, Gold Drops Below $1,200, Smart Money Is Heading For The Exits!!! Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade” When asked about the explosive riots occurring in Brazil, Jim warned to prepare for much more, in that, “This is the first time in history where you’ve had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.” http://bullmarketthinking.com/jim-rogers-this-is-too-insane-and-im-afraid-were-all-going-to-suffer-for-the-rest-of-this-decade/ $300 Trillion In Derivatives Losses To Lead Gold’s Rebound Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses.






Blood In The Streets Of Gold Market. Repeat Of 1970s Bull Market?




Before It's News | Popular Money





Blood In The Streets Of Gold Market. Repeat Of 1970s Bull Market?



Today’s AM fix was USD 1,203.25, EUR 921.89 and GBP 789.33 per ounce. Yesterday’s AM fix was USD 1,232.00, EUR 945.51 and GBP 806.07 per ounce. Gold fell $25.00 or 2.04% yesterday and closed at $1,199.10/oz. Silver finished the day with a slight loss of 0.11% at $18.50/oz.









Gerald Celente’s Trends In The News – “Up Your Arse!” – (6/26/13)



from trendsjournal “Medical bills biggest cause of US bankruptcies, bankers giving it to you up the arse & Julia Gillard prime minister of Australia resigns!”
Original release: 6/26/13.
www.TrendsJournal.com
Official Gerald Celente channels: “Gcelente” & “TrendsJournal”.
©2012 TrendsResearchInstitute. Gerald Celente™. Tweet






WARNING: The Process Of QE-Driven Bubble Bursting Has Began




Before It's News | Popular Money





WARNING: The Process Of QE-Driven Bubble Bursting Has Began



Global Derivatives Market Has Already Suffered A Staggering $300 Trillion of Losses, Fed Lost $151 Billion in Bond Values, Gold Drops Below $1,200, Smart Money Is Heading For The Exits!!! Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade” When asked about the explosive riots occurring in Brazil, Jim warned to prepare for much more, in that, “This is the first time in history where you’ve had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.” http://bullmarketthinking.com/jim-rogers-this-is-too-insane-and-im-afraid-were-all-going-to-suffer-for-the-rest-of-this-decade/ $300 Trillion In Derivatives Losses To Lead Gold’s Rebound Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses.






Blood In The Streets Of Gold Market. Repeat Of 1970s Bull Market?




Before It's News | Popular Money





Blood In The Streets Of Gold Market. Repeat Of 1970s Bull Market?



Today’s AM fix was USD 1,203.25, EUR 921.89 and GBP 789.33 per ounce. Yesterday’s AM fix was USD 1,232.00, EUR 945.51 and GBP 806.07 per ounce. Gold fell $25.00 or 2.04% yesterday and closed at $1,199.10/oz. Silver finished the day with a slight loss of 0.11% at $18.50/oz.






Gerald Celente’s Trends In The News – “Up Your Arse!” – (6/26/13)




Before It's News | Popular Money





Gerald Celente’s Trends In The News – “Up Your Arse!” – (6/26/13)



from trendsjournal “Medical bills biggest cause of US bankruptcies, bankers giving it to you up the arse & Julia Gillard prime minister of Australia resigns!”
Original release: 6/26/13.
www.TrendsJournal.com
Official Gerald Celente channels: “Gcelente” & “TrendsJournal”.
©2012 TrendsResearchInstitute. Gerald Celente™. Tweet






$300 Trillion In Derivatives Losses To Lead Gold’s Rebound




Before It's News | Popular Money





$300 Trillion In Derivatives Losses To Lead Gold’s Rebound



from King World News
Today Egon von Greyerz warned King World News that the global derivatives market has already suffered a staggering $300 trillion of losses. These massive derivatives losses, which are being hidden from the public, will help lead the rebound in gold as it begins the next of its bull market. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview. Greyerz: “A few years ago when the problems in Greece started, it was found that the Goldman Sachs had helped them to hide the real truth of their economy by a major derivatives positions.
Continue Reading at KingWorldNews.com… Tweet






Thursday, June 27, 2013

Gerald Celente’s Trends In The News – “Up Your Arse!” – (6/26/13)




Before It's News | Popular Money





Gerald Celente’s Trends In The News – “Up Your Arse!” – (6/26/13)



from trendsjournal “Medical bills biggest cause of US bankruptcies, bankers giving it to you up the arse & Julia Gillard prime minister of Australia resigns!”
Original release: 6/26/13.
www.TrendsJournal.com
Official Gerald Celente channels: “Gcelente” & “TrendsJournal”.
©2012 TrendsResearchInstitute. Gerald Celente™. Tweet






Warning Bond Crisis On The Way!




Before It's News | Popular Money





Warning Bond Crisis On The Way!



Bank of International Settlements warning of a Bond Crisis on the way! From 2007 the crises have grown - Central Banks can’t fix it alone! Whether it is Bill Gross of Pimco, Marc Faber, ourselves or so very many competent analysts in the financial world, to a man, are warning of the destructive power of rising interest rates. Now in addition to all of us, we have the central banker of central bankers, the Bank of International Settlements, giving a serious warning to developed world governments that it is perhaps too late to rely on growth to rescue the global economy from deflation.






Radiation Levels Skyrocket at Fukushima




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Radiation Levels Skyrocket at Fukushima



Painting by Jonathan Raddatz The Accident Is NOT Contained
Record high levels of radioactive tritium have been observed in the harbor at Fukushima.
Japan Times notes:
The density of radioactive tritium in samples of seawater from near the Fukushima No. 1 nuclear plant doubled over 10 days to hit a record 1,100 becquerels per liter, possibly indicating contaminated groundwater is seeping into the Pacific, Tokyo Electric Power Co. said.
***
Tepco said late Monday it was still analyzing the water for strontium-90, which would pose a greater danger than tritium to human health if absorbed via the food chain. The level of cesium did not show any significant change between the two sample dates, according to the embattled utility.
On June 19, Tepco revealed that a groundwater sample taken from a nearby monitoring well was contaminated with both tritium and strontium-90.
***
During a news conference Monday in Tokyo, Masayuki Ono, a Tepco executive and spokesman, this time did not deny the possibility of leakage into the sea, while he said Tepco is still trying to determine the cause of the spike.
Kyoto reports:
A sample collected Friday contained around 1,100 becquerels of tritium per liter, the highest level detected in seawater since the nuclear crisis at the plant started in March 2011, the utility said Monday.
***
The latest announcement was made after Tepco detected high levels of radioactive tritium and strontium in groundwater from an observation well at the plant.
Indeed, the amount of radioactive strontium has skyrocketed over the last couple of months at Fukushima.
The New York Times writes:
Tokyo Electric Power, the operator of the stricken nuclear power plant at Fukushima, said Wednesday that it had detected high levels of radioactive strontium in groundwater at the plant, raising concerns that its storage tanks are leaking contaminated water, possibly into the ocean.
***
The company has struggled to store growing amounts of contaminated runoff at the plant, but had previously denied that the site’s groundwater was highly toxic….
Xinhua reports:
Very high radioactivity levels were detected in groundwater from an observation well at the crippled Fukushima Daiichi nuclear plant, said the plant operator Tokyo Electric Power Co.






Junk Bonds Will Crash




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Junk Bonds Will Crash



Exclusive: Porter Stansberry says 'it will be the largest destruction of wealth in history' WND We didn’t mean to call the top. But it sure looks like we did. On May 10, I issued this warning to my readers: “The U.S. bond market – particularly junk bonds – is going to crash.









The US Economy Set To Crash Very Hard (Video)



Press TV conducted an interview with veteran Today Financial expert Mike Harris. Mike Harris has over thirty years experience in manufacturing, finance and technology development. A participant in domestic and international start-ups, acquisitions and mergers. For alittle while the calls of the economic meltdown had died down but in the last month things have picked up again.






Must Watch. Understanding The Gold And Silver Price Manipulation. By Gregory Mannarino




Before It's News | Popular Money





Must Watch. Understanding The Gold And Silver Price Manipulation. By Gregory Mannarino



Gregory Mannarino·






The US Economy Set To Crash Very Hard (Video)




Before It's News | Popular Money





The US Economy Set To Crash Very Hard (Video)



Press TV conducted an interview with veteran Today Financial expert Mike Harris. Mike Harris has over thirty years experience in manufacturing, finance and technology development. A participant in domestic and international start-ups, acquisitions and mergers. For alittle while the calls of the economic meltdown had died down but in the last month things have picked up again.






Wednesday, June 26, 2013

6 Unbelievable Ways The Big Banks Are Scamming You




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6 Unbelievable Ways The Big Banks Are Scamming You



Five years since the crash, the big banks continue to screw over their customers. June 19, 2013 | Like this article? Join our email list: Stay up to date with the latest headlines via email. It is going on five years since the financial crash and three years since President Obama signed the meager Dodd–Frank Wall Street Reform and Consumer Protection Act, and the big banks are still scamming and conning and ripping off their customers.






Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade”




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Jim Rogers: “This Is Too Insane–And I’m Afraid We’re All Going To Suffer For The Rest Of This Decade”



by Tekoa Da Silva, Bull Market Thinking: I was able to reconnect with Jim Rogers this morning out of Spain, legendary co-founder of the Quantum Fund with George Soros, author of Hot Commodities, and chairman of the private Beeland Holdings.
It was an especially powerful interview, as Jim spoke towards the relentless downward pressure on gold, the upward explosion in interest rates, central bank money printing, and how to protect yourself ahead of the disastrous times he sees coming.
When asked if we’re seeing forced liquidation leading the smash down in gold this morning, Jim said, “We certainly are. There are a lot of leveraged players who are now being forced to sell. Usually when you have this kind of forced liquidation, you’re getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom. I even bought a little bit [today].”
Read More @ BullMarketThinking.com






Gold: The Strongest Decline In 93 Years




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Gold: The Strongest Decline In 93 Years



Translated: The price for a troy ounce of gold falls on Wednesday morning and continue atone about four percent. With $ 1224 Gold traded as deep as the last time in September 2010. Also silver sags significantly. The price of an ounce of the metal sister falls more than 55 percent and less than 19 dollars.






Could Plan To Raid Savings Come To U.S.?




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Could Plan To Raid Savings Come To U.S.?



American Free Press What happened in Cyprus will happen in Europe and America if Goldman Sachs plan goes global By Ronald L. Ray Bankster greed has no limits. Not content with controlling most of the world’s wealth, the top banking firms have designs for seizing the savings of citizens throughout the European Union (EU). Incredible as this seems, the previously secret plan was developed as early as November 2011 by Boston Consulting Group’s (BCG) senior partner, Levin Holle.






Collapse: Single Largest US Economy Driver About to Collapse




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Collapse: Single Largest US Economy Driver About to Collapse



Graham Summers * Phoenix Capital Research The markets continue their dead cat bounce while the economic data worsens. First quarter US GDP was revised down from an annual rate of 2.4% to 1.8%. The drop was due to lower personal consumption expenditures than initially forecast. This is the crux of the US’s current economic woes: consumer-spending accounts for roughly 70% of our GDP.






Celente: Going Into The Greatest Depression - Video




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Celente: Going Into The Greatest Depression - Video



By Greg Hunter’s USAWatchdog.com Top trends forecaster Gerald Celente says NSA leaker Edward Snowden is a non-event. Celente charges, “What did Snowden say that we didn’t write about over a year ago.” Celente says the real stories are the imploding economy and coming war. Another crash is coming, and Celente predicts, “It will be worse than the panic of ’08. It will be deeper.









Jeff Olson, California Man, Faces 13 Years In Jail For Writing Anti-Big Bank Messages In Chalk



Jeff Olson, a 40-year-old man from San Diego, Calif., will face jail time for charges stemming from anti-big bank messages he scrawled in water-soluble chalk outside Bank of America branches last year. The San Diego Reader reported Tuesday that a judge had decided to prohibit Olson's attorney from "mentioning the First Amendment, free speech, free expression, public forum, expressive conduct, or political speech during the trial." With that ruling, Olson must now stand trial on 13 counts of vandalism, charges that together carry a potential 13-year jail sentence and fines of up to $13,000. Are you seeing this America? Vandalism, 13 years, no rights, chalk?






Cash-Free Enslaved Population




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Cash-Free Enslaved Population



“While boasting of our noble deeds, we are careful to control the ugly fact that by an iniquitous money system, we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.” – Horace Greeley “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison “Banking establishments are more dangerous than standing armies.” — Thomas Jefferson “The modern banking system manufactures money out of nothing. The process is, perhaps, the most, astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency.” — Major L.L.B. Angus “Banking was conceived in iniquity, and was born in sin.






Tuesday, June 25, 2013

Celente: Going Into The Greatest Depression - Video




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Celente: Going Into The Greatest Depression - Video



By Greg Hunter’s USAWatchdog.com Top trends forecaster Gerald Celente says NSA leaker Edward Snowden is a non-event. Celente charges, “What did Snowden say that we didn’t write about over a year ago.” Celente says the real stories are the imploding economy and coming war. Another crash is coming, and Celente predicts, “It will be worse than the panic of ’08. It will be deeper.






Celente: We're Going Into The Greatest Depression - Video




Before It's News | Popular Money





Celente: We're Going Into The Greatest Depression - Video



By Greg Hunter’s USAWatchdog.com Top trends forecaster Gerald Celente says NSA leaker Edward Snowden is a non-event. Celente charges, “What did Snowden say that we didn’t write about over a year ago.” Celente says the real stories are the imploding economy and coming war. Another crash is coming, and Celente predicts, “It will be worse than the panic of ’08. It will be deeper.






Newspaper Has Tape Of Irish Banksters Joking About Fooling Central Bank To Bailing Them Out




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Newspaper Has Tape Of Irish Banksters Joking About Fooling Central Bank To Bailing Them Out



by Monica Davis I just started with a quick note, but this mess is too good just to dash a note and leave it. Just when I think I've seen enough banksterism--new form of government, don't ya know, another crook pushes the envelope and blows my mind. Crime was rampant through out the bail out process. Bankers lied, government regulators not only accepted the lies, but gave the banksters money based on lies.






The Trigger Has Been Pulled And The Slaughter Of The Bonds Has Begun




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The Trigger Has Been Pulled And The Slaughter Of The Bonds Has Begun



Michael Snyder Activist Post What does it look like when a 30 year bull market ends abruptly? What happens when bond yields start doing things that they haven't done in 50 years? If your answer to those questions involves the word "slaughter", you are probably on the right track. Right now, bonds are being absolutely slaughtered, and this is only just the beginning.






Crash Warning!




Before It's News | Popular Money





Crash Warning!



Money And Markets Martin D. Weiss, Ph.D. Mike Larson and I feel it’s time to give you an advance warning of a market crash on the near horizon. Here’s a quick rundown of our outlook right now for bonds, precious metals and stocks … Bonds: Long-term bonds first began plunging this year in Japan.






Global Chaos Signals World Currency System Will Be Recast




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Global Chaos Signals World Currency System Will Be Recast



King World News June 25, 2013 As the two-year cyclical bearish phase in the gold and silver markets is coming to an end, today John Embry told King World News increased global chaos now signals “the entire world currency system” will be recast. Embry also spoke with KWN about how Western propaganda is being used to paint a false picture about the harsh reality of what is really taking place around the world. Below is what Embry had to say in this powerful interview. Embry: “What’s going on right now in gold and silver is preposterous.






Collapse Is Happening, Cities Can't Sell Their Muni Bonds.




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Collapse Is Happening, Cities Can't Sell Their Muni Bonds.



Muni Bonds are issued when Cities need to borrow money to build infrastructure, schools. hospitals, etc.. It's gotten so bad, that cities are now borrowing money to pay for the money they've already borrowed. But now, they've come to a point where they can't borrow any more, which will cause massive nationwide govt collapse...






Coming Soon! 'Transatlantic Union'




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Coming Soon! 'Transatlantic Union'



Exclusive: Jerry Robinson warns of expanding influence of 'corrupt EU' WND Economist, columnist, radio host and international speaker Jerry Robinson is warning of the expansion of “the corrupt” European Union through a coming “Transatlantic Union.” On his “Follow the Money Weekly” program, he notes that the idea isn’t new. “While the idea of a Transatlantic Common Market can be seen as far back as 1948 in the global security integration of NATO, it first gained major momentum in April 2007 when President George W. Bush approved the Transatlantic Economic Council,” he explains. “This council is a permanent international body that seeks to provide deeper economic integration between the U.S.






Massive Outages Reported In China Banking System: ATMs, POS Machines, Online Banking Paralyzed, Bank Outages Trigger Consumer Cash Worries




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Massive Outages Reported In China Banking System: ATMs, POS Machines, Online Banking Paralyzed, Bank Outages Trigger Consumer Cash Worries



Massive outages reported in China banking system via google translate: Customer service said, now silver futures transfer service has been fully suspended, online banking, the counter can not be handled, and now has the background system response, recovery time is not yet known. ??WASHINGTON (correspondent with Xuan) Following the ICBC, the Bank of China also go awry again. This morning, the Bank of China Bank moratorium on transfers, online banking, counters are inoperable. 10:00 many, many people began to receive messages sent to the Bank of China, “the end result of the Bank of China Bank failures, bank customers can not carry on through the Bank transfers, please Bank online banking, bank counter or use of other bank transfer system, Bank system will be restored promptly notify you. “large number of transfer businessbanking needs of the people turned to online banking, counter, but according to the instructions of the public still found text messages can not handle.






The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe




Before It's News | Popular Money





The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe



by Adam Taggart * Peak Prosperity In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history and warned of a coming crisis (a "fourth turning") based on this research. Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings. Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.) It is a season you have to move through before you are born again -- so to speak -- as a society, and regain institutional confidence.









"Global Economy Is Breaking Apart": Where Are We Now? - A World View



Submitted by James Howard Kunstler via Kunstler.com, ZeroHedge Wondering why the money world got its knickers in a twist last week? The answer is simple: the global economy is breaking apart and its constituent major players are doing face-plants on the downhill slope of a no-longer-cheap-oil way of life. Let’s look at them case by case. The USA slogs deeper into paralysis and decay in a collective mental fog of disbelief that its own exceptionalism can’t overcome the laws of thermodynamics.






Monday, June 24, 2013

Michael Pento – The World Is Now Headed Into A Depression




Before It's News | Popular Money





Michael Pento – The World Is Now Headed Into A Depression



from King World News
Today one of the top economists in the world told King World News that despite bounces, stocks will continue to crater and he has positioned his clients short for a collapse in global markets. Michael Pento, founder of Pento Portfolio Strategies, also warned that central planners now have the world headed into a depression. Pento: “It looks like the central bankers around the world have, after years of saying they were going to keep interest rates low and they weren’t going to allow markets to work, decided to change their minds.
And I’ve seen a watershed moment for Mr. Bernanke….
Continue Reading at KingWorldNews.com… Tweet






EPIC RANT: “They Take a Press Release from the Federal Reserve and They Think It Was Written by God”




Before It's News | Popular Money





EPIC RANT: “They Take a Press Release from the Federal Reserve and They Think It Was Written by God”



If there’s one thing that individual investors can take away from Ben Bernanke’s latest Fed update, it’s that all confidence in the financial and economic systems of this country has been lost.
Within seconds of Ben Bernanke suggesting the Fed would taper monetary expansion and reduce their activity stock markets tumbled.
This proves one thing, and it’s what we and many other critics of Fed policy have been saying for nearly five years. The only thing keeping the entire system afloat is the fact that the U.S dollar is the world’s reserve currency, and that we can print it to infinitum.
Ben Bernanke simply spoke of pulling back the money printing and look what happened. Stock markets dropped almost instantly. Can you image what will happen when the Federal Reserve actually stops the printing, or even pulls back a little bit?
It would be financial chaos on an unprecedented scale.
Americans should be outraged that it has come to this.









The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe



by Adam Taggart * Peak Prosperity In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history and warned of a coming crisis (a "fourth turning") based on this research. Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings. Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.) It is a season you have to move through before you are born again -- so to speak -- as a society, and regain institutional confidence.






Dr. Doom: “A Lot Of Problems Are Coming… Revolution… Social Strife…”




Before It's News | Popular Money





Dr. Doom: “A Lot Of Problems Are Coming… Revolution… Social Strife…”



Famed economist and investment guru Dr. Marc Faber of the Gloom, Boom and Doom Report weighs in on global happenings.
He predicted the collapse of global financial markets in 2008, and pegged their subsequent rise to the day back in 2009.
If there’s someone out there with his finger on the pulse of the financial crisis and where we’re headed next, it’s Doctor Doom.
If you have ten minutes today, and are looking for some realistic insights into financial markets, the monetary machinations behind the scene, and the non-traditional investments you should be focused on going forward, take the time to listen to the good Doctor. Excerpts by Zero Hedge via The Daily Crux:
Just in case a new high would be achieved in the next two months or so, it would not be confirmed by the majority of shares. In other words, very few stocks would lead the advance.






The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe




Before It's News | Popular Money





The Fourth Turning Has Arrived: History Offers A Guide to Crisis Management - Neil Howe



by Adam Taggart * Peak Prosperity In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history and warned of a coming crisis (a "fourth turning") based on this research. Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings. Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.) It is a season you have to move through before you are born again -- so to speak -- as a society, and regain institutional confidence.






"Global Economy Is Breaking Apart": Where Are We Now? - A World View




Before It's News | Popular Money





"Global Economy Is Breaking Apart": Where Are We Now? - A World View



Submitted by James Howard Kunstler via Kunstler.com, ZeroHedge Wondering why the money world got its knickers in a twist last week? The answer is simple: the global economy is breaking apart and its constituent major players are doing face-plants on the downhill slope of a no-longer-cheap-oil way of life. Let’s look at them case by case. The USA slogs deeper into paralysis and decay in a collective mental fog of disbelief that its own exceptionalism can’t overcome the laws of thermodynamics.









The Nightmare Scenario: "This is the nightmare scenario that keeps central bankers and institutional investors up at night"



John Rubino It’s safe to say that as this is written at noon EST on Monday the 24th, every economic policymaker in this hemisphere (and a lot of sleepless folks elsewhere) are staring at screens and wondering if this is it. They’ve been playing with fire for such a long time, trying to balance incompatible goals of low interest rates, stable currencies and accelerating growth, that for a while they almost believed that they would get away with it, that the laws of economics could be bent to their will forever. Now they see that this was hubris, that their sense of control was just an illusion bought with credit on a scale so large that the numbers had become meaningless. During the night, emerging market stocks tanked again, led, ominously, by China.






The Nightmare Scenario




Before It's News | Popular Money





The Nightmare Scenario



by John Rubino Dollar Collapse
It’s safe to say that as this is written at noon EST on Monday the 24th, every economic policymaker in this hemisphere (and a lot of sleepless folks elsewhere) are staring at screens and wondering if this is it. They’ve been playing with fire for such a long time, trying to balance incompatible goals of low interest rates, stable currencies and accelerating growth, that for a while they almost believed that they would get away with it, that the laws of economics could be bent to their will forever.
Now they see that this was hubris, that their sense of control was just an illusion bought with credit on a scale so large that the numbers had become meaningless.
Continue Reading at DollarCollapse.com… Tweet






A Major Silver Short Squeeze Is Coming




Before It's News | Popular Money





A Major Silver Short Squeeze Is Coming



By Patrick MontesDeOca Jun 24, 2013 A short squeeze is coming our way in the silver market. The weekly chart below shows the tremendous divergence building between the RSI and Price. It won’t take much energy to get the price headed in the opposite direction. Once we get confirmation, I will let everyone know.






World On The Brink of Having Another Lehman Moment




Before It's News | Popular Money





World On The Brink of Having Another Lehman Moment



InvestmentWatch Bond Fund Outflows Hit Record, Global Sell-Off Is Getting Uglier, China Is Telling The Banks To Deal With Their Own Mess… BIS: Central Banks Can’t Do ‘Whatever It Takes’ Here’s The Message From The People’s Bank Of China That Sent Stocks Cratering Shanghai shares got crushed last night, and financials were really hard hit. One culprit: The People’s Bank of China is showing that it’s very disinclined to step in and smoothe over tight liquidity conditions. Instead it’s telling the banks to deal with their own mess. Nomura’s Zhiwei Zhang passes allong the message from the PBOC in a brief note The guidance note stated that “overall bank liquidity conditions are at a reasonable level” and asked banks to “prudently manage liquidity risks that have resulted from rapid credit expansion”, “appropriately contain the pace of loans and bill financing” and “utilize the stock of money and credit to support the economy”.






Best Tech Stocks to Buy Now: Beat George Soros with These Two Plays




Before It's News | Popular Money





Best Tech Stocks to Buy Now: Beat George Soros with These Two Plays



Money Morning Staff reports
Savvy investors such as George Soros continue talking about the best tech stocks to buy now, particularly in mobile technology. Tech stocks now represent more than 16% of his portfolio. Soros' latest 13f filings reveal an increased stake in Google Inc. (Nasdaq: GOOG) and a new position in QUALCOMM Inc.






Fed Continues Printing Money Until It Implodes - Fabian Calvo & Greg Hunter Video




Before It's News | Popular Money





Fed Continues Printing Money Until It Implodes - Fabian Calvo & Greg Hunter Video



By Greg Hunter’s USAWatchdog.com Real estate expert Fabian Calvo says, “If Bernanke stops printing money, the housing market completely falls apart. . . .






Lindsey Williams NEW INFO ~ Financial Market Collapse 2013-06-21




Before It's News | Popular Money





Lindsey Williams NEW INFO ~ Financial Market Collapse 2013-06-21



Pastor Lindsey Williams starts at 10:50 in the Video Financial Market Collapse (2013-06-21) :Pastor Lindsey Williams received two emails today (20th June 2013) from his elite friend bearing some startling news that could mean collapse. - Expose Cinema presents Pastor Lindsey Williams for half of the show speaking about the current economic crisis and how the economies of the world are ready for a major economic collapse through the derivative markets. This information is breaking HERE nationally. He has not talked about it anywhere else.






Sunday, June 23, 2013

Controlling The Implosion Of The Biggest Bond Bubble In History




Before It's News | Popular Money





Controlling The Implosion Of The Biggest Bond Bubble In History



Saturday, June 22, 2013 at 9:47AM By Wolf Richter Testosteronepit In theory, the Fed could continue to print money and buy Treasuries and mortgage-backed securities, or even pure junk, at the current rate of $85 billion a month until the bitter end. But the bitter end would be unpleasant even for those that the Fed represents – and now they’re speaking up publicly. “Savers have paid a huge price in this recovery,” was how Wells Fargo CEO John Stumpf phrased it on Thursday – a sudden flash of empathy, after nearly five years of Fed policies that pushed interest rates on savings accounts and CDs below inflation, a form of soft confiscation, of which he and his TBTF bank were prime beneficiaries. That interest rates were rising based on Fed Chairman Ben Bernanke’s insinuation of a taper was “a good thing,” he told CNBC.






Obamas Secret CIA Hit Squad Detailed in The Way of the Knife




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Obamas Secret CIA Hit Squad Detailed in The Way of the Knife



by Joe Wolverton, II, TenthAmendmentCenter.com: President Barack Obama has converted the CIA into his personal army and granted it unfettered assassination authority. The story behind the development and deployment of this presidential killing corps is told inThe Way of the Knife: The CIA, a Secret Army, and a War at the Ends of the Earth, the latest book by Pulitzer Prize-winning journalist Mark Mazzetti. Mazzetti, who writes for the New York Times, describes a role reversal between the army of agents in the CIA and the actual army: And just as the CIA has come to take on tasks traditionally associated with the military, with spies turned into soldiers, so has the opposite occurred. The American military has been dispersed into the dark spaces of American foreign policy, with commando teams running spying missions that Washington would never have dreamed of approving in the years before 9/11.






Central Banks Told To Head For Exit, Abandon Global Recovery: Financial Times




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Central Banks Told To Head For Exit, Abandon Global Recovery: Financial Times



This story breaking a short while ago from the Financial Times is certainly a sign of times to come. What will happen now, will these banksters be arrested and held responsible for financial terrorism or will they run like cockroaches to their underground bunkers while the rest of the world 'fights it out' for the resources left after they've finished their plunder? These cockroaches must be held responsible for their crimes. Central banks told to head for exit - FT.com Central banks must head for the exit and stop trying to spur a global economic recovery, the organisation representing the world’s monetary authorities has warned following a week of market turbulence sparked by the US Federal Reserve’s signal that...









The End Of Global Banking Or Worse?



by John Galt June 23 2013 05:00 ET In a fascinating report by the McKinsey Global Institute, “Financial Globalization: Retreat or Reset?” , the details of just how isolationist the international financial system has become could be a leading indicator as to why the burgeoning regional currency war could erupt into a global monetary conflict as it appears that cross border banking has crawled to a halt in the wake of the great crash and deleveraging started in 2008. The figures from this report are supported by one series of charts which terrify the banksters of the world and should keep the unprepared thinking about “what if” the system seizes up. This week was a brief, albeit serious, preview of what a total economic system collapse begins to look like to the average soul. The first chart which is only updated through 2012 from the Bank for International Settlements (BIS) displays the total notional amount of derivatives outstanding in the over the counter market (OTC): (Source: BIS Quarterly Report) That’s right my fellow travelers, that total does in fact read: $632,579,000,000,000 + Yes, seriously, $632 trillion plus.






Incredibly Important Developments In Gold & Silver Markets




Before It's News | Popular Money





Incredibly Important Developments In Gold & Silver Markets



from KingWorldNews: Eric King: “I will hand it off to you on the COT (Commitment of Traders Report). Dan, you can give out the numbers there, but I told you I thought there was a 50,000 contract shift by the commercials (this week, which will be reported in next week’s COT report). So they should (now) be net long (gold) 30,000 to 35,000 contracts. I told you I thought it was (the year) 2001 since they had been long.






Saturday, June 22, 2013

In The Midst of A Global Currency Reset




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In The Midst of A Global Currency Reset



InvestmentWatch Let’s examine the rumors that are floating around. 1. The Fed Reserve will merge or absorb into the UST 2. There IS a global event that has been unfolding during the past ten-plus years. The Basel III Protocols (which includes the Global Currency Reset) have required the cooperation of many nations — 198, to be exact.






Hold Physical Gold And Silver – The End Is Near; Just Not In Sight




Before It's News | Popular Money





Hold Physical Gold And Silver – The End Is Near; Just Not In Sight



Michael Noonan | June 22, 2013 Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most. “Gold will be at/above $2,000 by the end of the year.” “Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]” “The central bankers are [just about] out of gold.” [The cupboards are likely bare.] What is wrong with this picture? Not one Precious Metals guru has gotten anything right in the last 18 months.






Red Light Special Physical Gold & Sliver!!!




Before It's News | Popular Money





Red Light Special Physical Gold & Sliver!!!



Well presented good advice from Mr. Crackers here. I personally agree with his conclusion about buying metals if you can. – Zen






Economist Caution: Prepare For 'Massive Wealth Destruction'




Before It's News | Popular Money





Economist Caution: Prepare For 'Massive Wealth Destruction'



moneynews.com Take immediate steps to protect your wealth . . . NOW! That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer.






Ben Bernanke To Wall Street: It's The Beginning Of The End




Before It's News | Popular Money





Ben Bernanke To Wall Street: It's The Beginning Of The End



The bearded one says the Fed could soon pull its support for the economy By Carmel Lobello | June 19, 2013 Ben Bernanke really knows how to push Wall Street's buttons. After almost a month of nervous speculation, jittery markets, and creeping interest rates, Fed Chairman Ben Bernanke met the press this afternoon following a two-day policy meeting of the Federal Open Market Committee. His chief message: The Fed is not ready to wind down its emergency stimulus programs just yet, an exit strategy that has come to be known as tapering. But if the economy continues to grow as projected, tapering will go into effect — as soon as this year.






Friday, June 21, 2013

Ben Bails Out Of The Helicopter




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Ben Bails Out Of The Helicopter



from The Daily Bell: Sen. Marco Rubio on immigration bill: No ‘parades’ for me … Marco Rubio is defending his participation in the Gang of Eight’s immigration bill efforts, saying he knows it won’t win him any “parades” among conservatives, but it’s necessary. – Politico Dominant Social Theme: It is a difficult task but one that the Gang of Eight has tackled courageously. Free-Market Analysis: Marco Rubio was seen by some as an up-and-coming presidential contender.






Ben Bernanke To Wall Street: It's The Beginning Of The End




Before It's News | Popular Money





Ben Bernanke To Wall Street: It's The Beginning Of The End



The bearded one says the Fed could soon pull its support for the economy By Carmel Lobello | June 19, 2013 Ben Bernanke really knows how to push Wall Street's buttons. After almost a month of nervous speculation, jittery markets, and creeping interest rates, Fed Chairman Ben Bernanke met the press this afternoon following a two-day policy meeting of the Federal Open Market Committee. His chief message: The Fed is not ready to wind down its emergency stimulus programs just yet, an exit strategy that has come to be known as tapering. But if the economy continues to grow as projected, tapering will go into effect — as soon as this year.









Chinese Banks Go Bust As Bubble Bursts



This breaking Friday morning story comes to us from Zero Hedge and Pivotfarm who warns us that China's bubble has popped and it's quickly approaching 'dive and take cover' time for the rest of the world. Could 'falsification' of economic data by the Chinese government have something to do with this timing? A video report from ChinaForbiddenNews shares that a local Communist party leadership has been falsifying economic data, but for how long? Dive!









Everything Is Being Sold - Market Crash Warning



Chris Martenson * Peak Prosperity Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke's recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world. After years of cramming liquidity into the markets, creating massive imbalances such as stock markets hitting new highs even as economic fundamentals deteriorated (Germany) or were lackluster (U.S.), junk bonds hitting all-time-record highs, and sovereign bond yields steadily falling even as the macro economics of various countries worsened markedly (Spain, Italy, Greece, and Portugal), all of this was steadily building up pressures that were going to be relieved someday. Just over a month ago, Japan lit the fuse by destabilizing its domestic market, which sent ripples throughout the world.






Ben Bernanke To Wall Street: It's The Beginning OfTthe End




Before It's News | Popular Money





Ben Bernanke To Wall Street: It's The Beginning OfTthe End



The bearded one says the Fed could soon pull its support for the economy By Carmel Lobello | June 19, 2013 Ben Bernanke really knows how to push Wall Street's buttons. After almost a month of nervous speculation, jittery markets, and creeping interest rates, Fed Chairman Ben Bernanke met the press this afternoon following a two-day policy meeting of the Federal Open Market Committee. His chief message: The Fed is not ready to wind down its emergency stimulus programs just yet, an exit strategy that has come to be known as tapering. But if the economy continues to grow as projected, tapering will go into effect — as soon as this year.






The Illusion Of US Economic Recovery Fades, Stock Market Comes Unglued




Before It's News | Popular Money





The Illusion Of US Economic Recovery Fades, Stock Market Comes Unglued



By Susan Duclos Consider this analogy before reading the excerpted quotes from a Washington Post article explaining why stock markets are "freaking out." You have a business, run badly, spending more than it takes in and is going broke. An investor comes to the rescue and pumps a million dollars into the business, but the underlying management problems that caused it's failure aren't addressed. The business keeps it's doors open, pays their employees and generally gives the illusion everything is fine...... until the money runs out and the investor decides to not keep throwing good money after bad, and the business fails yet again.






Surmounting Rigged Markets - Key Tips: Deepcaster




Before It's News | Popular Money





Surmounting Rigged Markets - Key Tips: Deepcaster



DEEPCASTER LLC www.deepcaster.com DEEPCASTER FORTRESS ASSETS LETTER DEEPCASTER HIGH POTENTIAL SPECULATOR Wealth Preservation Wealth Enhancement “We no longer have a free market. The world's financial asset prices have become a plaything of central banks and the sovereign wealth funds of a few emerging powers. “Julian Callow from Barclays says they are buying $1.8 trillion worth of AAA or safe-haven bonds each year from an available pool of $2 trillion. Nothing like this has been seen before in modern times, if ever.






Chinese Banks Go Bust As Bubble Bursts




Before It's News | Popular Money





Chinese Banks Go Bust As Bubble Bursts



This breaking Friday morning story comes to us from Zero Hedge and Pivotfarm who warns us that China's bubble has popped and it's quickly approaching 'dive and take cover' time for the rest of the world. Could 'falsification' of economic data by the Chinese government have something to do with this timing? A video report from ChinaForbiddenNews shares that a local Communist party leadership has been falsifying economic data, but for how long? Dive!






Everything Is Being Sold - Market Crash Warning




Before It's News | Popular Money





Everything Is Being Sold - Market Crash Warning



Chris Martenson * Peak Prosperity Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke's recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world. After years of cramming liquidity into the markets, creating massive imbalances such as stock markets hitting new highs even as economic fundamentals deteriorated (Germany) or were lackluster (U.S.), junk bonds hitting all-time-record highs, and sovereign bond yields steadily falling even as the macro economics of various countries worsened markedly (Spain, Italy, Greece, and Portugal), all of this was steadily building up pressures that were going to be relieved someday. Just over a month ago, Japan lit the fuse by destabilizing its domestic market, which sent ripples throughout the world.






Thursday, June 20, 2013

U.S. Economic Armageddon: The “Real” Deficit – Including Non-Budgetary Items Like Unfunded Liabilities Of Medicare, Medicaid, Social Security And The Defense Budget – Is Actually $202 Trillion




Before It's News | Popular Money





U.S. Economic Armageddon: The “Real” Deficit – Including Non-Budgetary Items Like Unfunded Liabilities Of Medicare, Medicaid, Social Security And The Defense Budget – Is Actually $202 Trillion



“Enron Accounting” Has Bankrupted America: U.S. Deficit Really $202 Trillion, Kotlikoff Says “Forget the official debt,” he tells Aaron in this clip. The “real” deficit – including non-budgetary items like unfunded liabilities of Medicare, Medicaid, Social Security and the defense budget – is actually $202 trillion, the professor and author calculates; or 15 times the “official” numbers. “Congress has engaged in Enron accounting,” says Kotlikoff, who recently penned an op-ed for Bloomberg entitled: The U.S.









Nigel Farage – The Massive Plunge In Gold & Silver Markets



from KingWorldNews: Eric King: “Nigel, we’re getting smashed on gold and silver. Silver is down $1.50, gold down over $60. What are your thoughts as you see this kind of a smash?”
Farage: “Yes, well they are big moves aren’t they? I guess movements like this are going to shake out not just some of the short-term longs, but it may shake out some of the medium-term longs as well.
That is something which gives the bigger, longer-term players very good buying opportunities.”
Nigel Farage continues @ KingWorldNews.com









Financial Disaster Looms For America: $106 Trillion In Unfunded Obligations Mounting Up Over 30 Years



Thursday, June 20, 2013 by: J. D. Heyes (NaturalNews) Listen. Can you hear it?