Saturday, April 28, 2012

Weekend Chillout - Still Waiting

This weekend's chillout is inspired by the seemingly never ending wait for gold and silver to hit new highs, I am a patient man, but even my patience, particularly with silver, is starting to wear me down.

Capital Account - Jeffrey Tucker on why Government Hates your Lawn!

Apr 27, 2012 by   Follow at: http://twitter.com/laurenlyster  http://twitter.com/coveringdelta

Money, Power and Wall Street: Part Two



Friday, April 27, 2012

Money, Power, and Wall Street Part 1: A Brave New World of Banking


Capital Account with Jim Grant

Lauren interviews Jim Grant, one of the few great US economic analysts. Actually if Ron Paul were to become President Jim is the at the top of the list for Treasury Secretary, yet another reason to support Ron Paul.

Apr 26, 2012 by

Follow at:    http://twitter.com/laurenlyster   &   http://twitter.com/coveringdelta

BofA - Gold to $7000

NEW YORK (Commodity Online): 


In one of the highest predictions yet made by an investment bank analyst, Bank of America's MacNeil Curry sees gold prices hitting $7000/oz before ending the uptrend.

According to MacNeil, commodity bull markets end with a massive speculative blow off and they don't end quietly. If gold was topping out, the daily ranges would have span around $200/oz and we have not seen anything like it.

"Until we see price action take some kind of massive speculative blow-off, where prices effectively double in a year or less, I have to maintain a long-term bullish bias. That says to me, we'll probably see a move in gold, before all is said and done, to between $3,000 to $5,000 (per ounce) and potentially $7,000 per ounce”.

S&P cuts Spain's credit rating by two notches to BBB+

From the Telegraph:

Original source

S&P cut the country's rating to BBB-plus and added a negative outlook, saying it expected the Spanish economy to shrink both this year and next, raising more challenges for the government.

Esther Barranco, a spokeswoman for the Economy Ministry, told Reuters: "They haven't taken into consideration the reforms put forward by the Spanish government, which will have a strong impact on Spain's economic situation."

S&P also said that eurozone-wide polices were failing to boost confidence and stabilize capital flows, and that the region needed to find ways to directly support banks so that governments were not forced to take on those burdens themselves.

"We believe that the Kingdom of Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections," it said in a statement.

"At the same time, we see an increasing likelihood that Spain's government will need to provide further fiscal support to the banking sector."

Keiser Report: Tainted Sinkholes Of Fraud


Apr 26, 2012 by RussiaToday

Follow Max Keiser on Twitter: http://twitter.com/maxkeiser

In this episode, Max Keiser and co-host, Stacy Herbert discuss the fact that the economy is naked with tainted sinkholes of fraud and ex-Citigroup board member, Richard Parsons, is blaming Glass Steagall. In the second half of the show Max talks to activist Reverend Billy about living in public, taking action and casting out Blythe's demons.

Thursday, April 26, 2012

People & Power - Building the Perfect Bug

Apr 25, 2012 by
 
A mutated bird virus that could kill millions has been built by scientists to advance medical knowledge, but should their research be published?


I watched this doco in total after posting it, just before the end it cuts back to Laurie Garrett for a conclusion and I noticed something that caught my eye in the background behind her right shoulder. I used to work many decades ago as a video cameraman for a small freelance documentary & news company, ever since I have been left with a morbid fascination with items in the background of photos and videos. Try it for yourself, look at the extreme edges of videos, particularly outdoor news conferences. People at the outer edge of a camera's field of view invariably believe they are out of shot and hence often betray their feelings through facial expressions that they would have held in check if they knew they were being filmed. Maybe it is how our brain processes images, most of us have a very narrow effective field of view. Whilst our eyes can capture a 180 deg view most choose to process only the part of the image in their most direct line of sight, and therefore project that bias back towards a camera lens not directly pointed at them.

Look at the pic below from the 02:08 mark (it is repeated at the 23:39 mark where I first picked it up)


Now look over her right shoulder at the book or brochure on the ornate side table:


As best as I can make out after cropping and enhancing the image's lighting and colour is the title "Council on Foreign Relations". Whilst I do not have the time and space to discuss the evil nature of the CFR I do find it fascinating that she would "hide" such a subliminal reference in plain view whilst being interviewed for a doco, lets face it, that is discussing the potential for 80%+ of the world's population to be killed by a modified form of bird flu.

Laurie Garrett's bio can be read here, where she proudly lists her association with the CFR.

Bank of America Targets US Firearms and 2nd Amendment

I strongly urge my US readers to close their Bank of America bank accounts and move their business to a small FDIC insured solvent bank. Even then caution is required, use banks for transactions, precious metals for savings.