This week Max Keiser and co-host, Stacy Herbert, discuss lunatics for Italian gold and another failed debt auction in Germany. In the second half of the show, Max talks to Mark O'Byrne of Goldcore.com about the European debt crisis and Ireland's gold.
Wednesday, November 30, 2011
Keiser Report: Kleptocrats Go for Gold
By RussiaToday
on Nov 29, 2011
This week Max Keiser and co-host, Stacy Herbert, discuss lunatics for Italian gold and another failed debt auction in Germany. In the second half of the show, Max talks to Mark O'Byrne of Goldcore.com about the European debt crisis and Ireland's gold.
This week Max Keiser and co-host, Stacy Herbert, discuss lunatics for Italian gold and another failed debt auction in Germany. In the second half of the show, Max talks to Mark O'Byrne of Goldcore.com about the European debt crisis and Ireland's gold.
UK embassy stormed in Tehran
By RussiaToday
on Nov 29, 2011
Several dozen Iranian students have stormed the UK embassy in Tehran, chanting "death to England" and bringing down the British flag. Students clashed with riot police as they climbed over the embassy's gate, rushed into the building and started throwing documents from the windows. The protesters chanted "Down with Britain", "Down with America", "Down with Israel" and "Students are Awake and Hate Britain," according to Fars news agency.
Several dozen Iranian students have stormed the UK embassy in Tehran, chanting "death to England" and bringing down the British flag. Students clashed with riot police as they climbed over the embassy's gate, rushed into the building and started throwing documents from the windows. The protesters chanted "Down with Britain", "Down with America", "Down with Israel" and "Students are Awake and Hate Britain," according to Fars news agency.
Tuesday, November 29, 2011
In a best case senerio
From a brilliant article in The Economist:
The prospect that one country might break its ties to the euro, voluntarily or not, would cause widespread bank runs in other weak economies. Depositors would rush to get their savings out of the country to pre-empt a forced conversion to a new, weaker currency. Governments would have to impose limits on bank withdrawals or close banks temporarily. Capital controls and even travel restrictions would be needed to stanch the bleeding of money from the economy. Such restrictions would slow the circulation of money around the economy, deepening the recession......read in full
Eric Sprott - On Gold, Silver and Banking dis-function
Monday, November 28, 2011
Gold punches back above $1700 and Silver $32
(Reuters) - Gold jumped above $1,700 an ounce on Monday due to early gains in the euro and hopes that Europe will take bolder steps to resolve a crippling debt crisis, while a recovery in equities also prompted buying from a few investors.
Gold held on to its 1 percent gain even after the International Monetary Fund said it was not in discussions with Italian authorities on a financing plan, dousing speculation that it was preparing an aid package.
Spot gold added $25.44 an ounce to $1,704.59 an ounce by 0710 GMT -- its biggest daily gain in more than 2 weeks. Gold was still below a lifetime high of around $1,920 touched in September.
Sentiment has improved, said Dick Poon, manager of precious metals at Heraeus in Hong Kong, but the outlook for bullion depends on how Europe resolves the debt crisis and the economic situation in the United States......read on
The other Tibet
Way off topic, but being Buddhist myself I found it very interesting.
From:
|
Nov 27, 2011
US eroded by own terror crusade
There is no
evidence the US fight against terrorism has made it less potent, whereas
America has been significantly eroded over the course of the past
decade, American counter-terrorism expert and attorney Daveed
Gartenstein-Ross told RT.
Sunday, November 27, 2011
Prepare for riots in euro collapse, UK Foreign Office warns
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.
“It’s in our interests that they keep playing for time because that gives us more time to prepare,” the minister told the Daily Telegraph........read on
Matthew Turner - The solution will be Inflationary
Leeb on Gold, Silver and Inflation
‘No more’ help in terror war
From The Nation:
ISLAMABAD Pakistan government has ordered a review of all arrangements with the United States and NATO, including diplomatic, political, military and intelligence activities, following a deadly cross-border strike on Pakistani checkposts.
An extraordinary meeting of Defence Committee of Cabinet (DCC) held Saturday night at Prime Minister's House decided to immediately close the NATO/ISAF logistics supply lines and asked the US to vacate the Shamsi air base within fortnight.
The meeting was chaired by Prime Minister Yousuf Raza Gilani and attended by federal ministers, Chairman Joint Chiefs of Staff Committee, Services Chiefs and members of the committee. It upheld the closure of the Afghan border to NATO supply trucks, implemented earlier Saturday, and demanded that the United States vacate the remote desert air base, which is reportedly used as a hub for covert CIA drone strikes on Pakistan's border areas with Afghanistan....read on
ISLAMABAD Pakistan government has ordered a review of all arrangements with the United States and NATO, including diplomatic, political, military and intelligence activities, following a deadly cross-border strike on Pakistani checkposts.
An extraordinary meeting of Defence Committee of Cabinet (DCC) held Saturday night at Prime Minister's House decided to immediately close the NATO/ISAF logistics supply lines and asked the US to vacate the Shamsi air base within fortnight.
The meeting was chaired by Prime Minister Yousuf Raza Gilani and attended by federal ministers, Chairman Joint Chiefs of Staff Committee, Services Chiefs and members of the committee. It upheld the closure of the Afghan border to NATO supply trucks, implemented earlier Saturday, and demanded that the United States vacate the remote desert air base, which is reportedly used as a hub for covert CIA drone strikes on Pakistan's border areas with Afghanistan....read on
Keiser Report: Unemploy Wall Street
This week Max
Keiser and co-host, Stacy Herbert, discuss unemployed Wall Streeters
looking for financial firms that practice 'integrity and honesty' and
hedge fund managers crying 'boohoo' that JP Morgan has seized their MF
Global funds. In the second half of the show, Max talks to Danny
Schechter about plunder, the crime of our time, inspiring an economic
justice movement.
Inside Story - Deepening Eurozone crisis?
Germany, Europe's
economic powerhouse, has been seen as totally safe, solid and stable.
But its weak bond sale auction recently has sparked fears that the debt
crisis is beginning to threaten Europe's strongest economy.
Saturday, November 26, 2011
William Engdahl on the dusk of American exceptionalism
The way Americans
view their country has changed. Since 2002, the notion of American
exceptionalism has dropped 11 percent. According to a Pew Research
Center Poll, only 49 percent of Americans agreed with the statement,
"our people are not perfect but our culture is superior to other." F.
William Engdahl, journalist and historian, helps us understand what's
going on.
Analysis from David Morgan
Top analysis from David Morgan on Gold and Silver.
Note this interview was recorded on or before Nov 18, 2011
Pepe Escobar: US missiles around Russia is Bay of Pigs all over again
Russian President
Dmitry Medvedev has said that Russia may arm itself with missiles to
counteract the US missile shield in Europe. In addition Medvedev said if
the US continues to build up their missile shield Russia will withdraw
from the Strategic Arms Reduction Treaty. Pepe Escobar, a correspondent
for the Asia Times, breaks down what is going on.
Central Banks add to Gold holdings, again!
From Goldcore.com
Russia bought 19.5 metric tons of gold in October bringing their total gold reserves to 871.1 tons according to IMF data released today.
Belarus increased holdings by 1 ton, Colombia by 1.2 tons, Kazakhstan by 3.2 tons and Mexico by 0.9 ton, the data show. Germany reduced reserves by 4.7 tons and Tajikistan cut reserves by 0.4 ton, the data show.
Thus, Russia, Kazakhstan, Colombia, Belarus and Mexico added a combined 25.7 metric tons of gold to reserves in October, after gold prices corrected from record highs.
Black Friday
In scenes reminiscent of Soviet bread queues millions of Americans have braved freezing weather and long queues overnight to exchange the last of their fiat dollars for tangible Chinese made goods before their purchasing power expires.
From: AssociatedPress | Nov 25, 2011
From: AssociatedPress | Nov 25, 2011
Moody's downgrades Hungary's debt to Junk status
Whilst this story is no doubt distressing for Hungarians the real news is that Austrian banks are on the hook for much of this govt. debt and that of Eastern Europe. Austrian Banks looked East during the lending binge of the 00's, when other countries in the Euro zone looked South and West, as a result they are just starting to suffer the increased risk of debt defaults.
If Austrian banks falter in the coming months could we see a financial Anschluss with Germany coming to the 'rescue'? Then Germany could, along with the solvent Nordic nations, break away from the current Euro and form a 'AXIS Euro', leaving those on the old Euro to circle the drain of history?
From AlJazeera:
Credit agency Moody's has cut Hungary's debt rating to below investment-grade, citing high debt levels and weak growth prospects.
Moody's also cited uncertainty about Budapest's ability to meet fiscal goals as justification for cutting the debt one notch - from BAA3 to BA1.
The government said Friday's move was part of a series of "financial attacks against the country".
Last week, the Hungarian government announced it would seek a financial safety net from the European Union and the International Monetary Fund, but no new loans.
Reaction to the Hungarian rating cut has led to other Central and Eastern European currencies to sell at a lower rate, adding to a wider risk aversion as the eurozone debt crisis is threatening to spill onto the region's banks.....read on
From: Euronews | Nov 25, 2011
If Austrian banks falter in the coming months could we see a financial Anschluss with Germany coming to the 'rescue'? Then Germany could, along with the solvent Nordic nations, break away from the current Euro and form a 'AXIS Euro', leaving those on the old Euro to circle the drain of history?
From AlJazeera:
Credit agency Moody's has cut Hungary's debt rating to below investment-grade, citing high debt levels and weak growth prospects.
Moody's also cited uncertainty about Budapest's ability to meet fiscal goals as justification for cutting the debt one notch - from BAA3 to BA1.
The government said Friday's move was part of a series of "financial attacks against the country".
Last week, the Hungarian government announced it would seek a financial safety net from the European Union and the International Monetary Fund, but no new loans.
Reaction to the Hungarian rating cut has led to other Central and Eastern European currencies to sell at a lower rate, adding to a wider risk aversion as the eurozone debt crisis is threatening to spill onto the region's banks.....read on
From: Euronews | Nov 25, 2011
Venezuela brings home Gold
By Kejal Vyas Of DOW JONES NEWSWIRES
CARACAS (Dow Jones)--Venezuelan officials Friday welcomed the first air shipment of overseas gold holdings as part of a controversial move to repatriate the country's foreign reserves held in North America and Europe.
Crates holding gold bullion were shown on state television being offloaded at the capital city's Maiquetia airport and onto armored vehicles. Central Bank President Nelson Merentes deemed the arrival a "historic" moment for Venezuela, saying the first shipment was coming from "various European countries" via France.
Merentes said the government plans to eventually bring home 160 tons of gold over time. Before Friday, the country held 211 tons--nearly $11 billion worth--out of its 365 tons of gold reserves stored in U.S., Canadian and European banks. The country has the largest holdings in Latin America with nearly two-thirds of its $27.8 billion in international reserves held in the precious metal.
Merentes did not specify how much gold was shipped on Friday.
In August, President Hugo Chavez announced plans to repatriate foreign reserves as part of a broader effort to nationalize the country's gold sector. The move puzzled economists, who said it would further reduce transparency and raise more questions over the central bank's declining reserves. Some analysts speculated that, faced with several international arbitration cases seeking billions of dollars over nationalizations, the left-leaning South American government was looking to shield itself from having assets seized.
But Venezuelan officials say they aim to reduce exposure to debt-laden economies like the U.S. and those of Europe, while also taking advantage of the precious metal's rising price. Venezuela also has said it aims to diversify by investing in faster-growing allied nations like Russia and China, both of which recently have been making large investments into the oil-rich South American country.
"Now [the gold] will go to a place from which it should have never left: the central bank vaults [in Caracas]; not those in London or in Europe, but our own land," Chavez said earlier in the day.
The Central Bank of Venezuela already holds 154 tons of bullion domestically......read on
Italian bond yields hit record highs
From Bloomberg:
Italian bonds fell, pushing two-year yields to a euro-era record, as a surge in borrowing costs at a bill sale highlighted concern European leaders are failing in their efforts to resolve the debt crisis.
Italian securities dropped for a fifth day as the nation sold 8 billion euros ($10.6 billion) of six-month bills at a rate of 6.504 percent, up from 3.535 percent last month. The Treasury also auctioned 2 billion euros of zero-coupon bonds at 7.814 percent.
From: Euronews | Nov 25, 2011
Italian bonds fell, pushing two-year yields to a euro-era record, as a surge in borrowing costs at a bill sale highlighted concern European leaders are failing in their efforts to resolve the debt crisis.
Italian securities dropped for a fifth day as the nation sold 8 billion euros ($10.6 billion) of six-month bills at a rate of 6.504 percent, up from 3.535 percent last month. The Treasury also auctioned 2 billion euros of zero-coupon bonds at 7.814 percent.
From: Euronews | Nov 25, 2011
Portugal debt downgraded to Junk status
LISBON (Reuters) - Fitch downgraded Portugal's credit rating to junk status on Thursday, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook.
The ratings agency cut Portugal to BB+ from BBB-, which is still one notch higher than Moody's rating of Ba2. S&P still rates Portugal investment grade.
Fitch said a deepening recession makes it "much more challenging" for the government to cut the budget deficit but it still expects fiscal goals to be met both this year and next.
"However, the risk of slippage - either from worse macroeconomic outturns or insufficient expenditure controls - is large," Fitch said.
The challenging economic environment was clear in a Reuters poll on Thursday, where economists forecast Portugal's economy will contract by 2.9 percent next year, the deepest recession since the 1970s, and 1.6 percent this year, in line with the government's estimates. Portugal's 10-year bond prices plunged, sending yields surging more than 100 basis points to 13.85 percent -- the second highest level in the euro zone after Greece.....read on
James Turk on ownership of Gold and Silver over Paper Promises
Nuke carrier leads US strike force into Syria waters
It's thought the U.S. has redeployed its newest aircraft carrier from the Persian Gulf to the Syrian coast. Washington is also urging American citizens to leave Syria immediately. Patrick Henningsen, a political analyst from America's 'Infowar.com' online magazine, says we are seeing initial steps of a repeat of what we saw in Libya.
Friday, November 25, 2011
Weekend Chillout - Just Run!!!
With ongoing revelations about the train wreck that is MF Global and the resultant run it has caused on other companies brokerage accounts it has again highlighted the evil of paper promises. I am sure no one in the last 5,000 years has described Gold or Silver as having the Devil in their details.
Thomas Rustici talks to Alasdair Macleod about the Fed and Gold
Thomas Rustici, Professor at George Mason University, and Alasdair Macleod, of the GoldMoney Foundation, talk about the European sovereign debt crisis and how it foreshadows similar problems in the USA. A central bank is a monopolistic, central planning agency, with all the implications that this has for the quality of its product.
Keiser Report: Corruptify!
This week Max Keiser and co-host, Stacy Herbert, discuss taxpayers in the West being pepper-sprayed with toxic debts while in China fraudsters receive five fingers of death. In the second half of the show, Max talks to Gregor Macdonald about Warren Buffett's investment in Japan and the cost benefit analysis of the energy policy of invading resource rich nations in order to liberate their oil.
Germany faces more pressure to back eurobonds
http://www.euronews.net/
Germany's failed bond auction on Wednesday may lead to movement from
Berlin on the subject of Eurobonds when France's Nicolas Sarkozy meets
Angela Merkel today along with Italy's new leader Mario Monti.
Sigma X Hints Who The Next Contagion Target Is
From Zero Hedge:
Five months ago, when Italian yields were still tame in the 3% ballpark, and not 7% where they are today, we suggested that based on trading patterns and overall volume in Goldman's dark pool, Italy may be about to experience a "Greek episode." Days later we were proven right as Italian yields and spreads started their relentless move wider, with only those who had access to Sigma X being able to get an advance whiff of what was about to happen. Well today we are happy to report that the German diversion may have worked: the truth is that nobody appears to care about Germany. Instead what everyone does seem to care about, is the nation with the greatest combined debt (government, corporate and household) to GDP in the world. Yup. The UK.
As a reminder:
And here is who is most active today:
Five months ago, when Italian yields were still tame in the 3% ballpark, and not 7% where they are today, we suggested that based on trading patterns and overall volume in Goldman's dark pool, Italy may be about to experience a "Greek episode." Days later we were proven right as Italian yields and spreads started their relentless move wider, with only those who had access to Sigma X being able to get an advance whiff of what was about to happen. Well today we are happy to report that the German diversion may have worked: the truth is that nobody appears to care about Germany. Instead what everyone does seem to care about, is the nation with the greatest combined debt (government, corporate and household) to GDP in the world. Yup. The UK.
As a reminder:
GFC II on its way
From The Sydney Morning Herald:OUTGOING Commonwealth Bank chief executive Ralph Norris has warned that the European debt crisis has entered a dangerous phase, likening the current turmoil to the global financial crisis of three years ago.
Mr Norris said global money markets ''effectively froze'' this week as Germany failed to sell the entire stock of €6 billion ($8.2 billion) worth of long-term bonds.
His comments came as the leaders of the euro zone's key economies, France, Germany and Italy, met in France overnight to resolve differences over how to handle Europe's debt crisis.
But Mr Norris, who retires next Wednesday after more than six years in the role, cautioned that credit-crunch conditions were returning, which is threatening to choke off funding for banks around the world.
''This has potential to be significantly worse than the Lehman Brothers collapse and the subprime crisis because now we are talking about nation states,'' Mr Norris told BusinessDay.
''If you have a situation like you had today, where markets had effectively frozen, then it doesn't matter how good your name is, you are not going to be able to access markets,'' Mr Norris said. ''As of today, no banks could access these markets.''
Read more: http://www.smh.com.au/business/gfc-ii-on-its-way-norris-20111124-1nwx1.html#ixzz1egJjCsKg
Alex Jones and Max Keiser breakdown the collapse
By TheAlexJonesChannel
on Nov 21, 2011
Former trader and television host Max Keiser talks with Alex about the implications of the MF Global fiasco.
Former trader and television host Max Keiser talks with Alex about the implications of the MF Global fiasco.
Thursday, November 24, 2011
John Embry on Gold and Silver price drops
Bond Vigilantes Make Their Votes Known in Europe
From The Wall St Journal:By Neal Lipschutz
They may have retired in the U.S., but the bond vigilantes are alive and well in Europe.
The stunning lack of interest in Wednesday’s sale of 10-year German bonds shows the so-called fire walls incessantly talked about to contain the euro-zone sovereign debt crisis are nowhere to be found. Instead, the fire blazes out of control.
As reported, Germany was only able to sell 3.6 billion euros of a planned 6 billion euros in 10-year bunds, among the safest debt on the planet. Yields had been declining in Germany as institutional investors already are ditching the IOUs of just about every other European country. Wednesday, German yields rose.
If Germany, the strongest and safest European country, now has to struggle to finance itself, the two-year-old European sovereign debt crisis has reached a new and even more dangerous phase.....read on
Ben Davis on Australia, Gold and Silver
In Nervous Market, Gold Gains Respectability
Byron Wien, the investment strategist, has been forecasting the future for decades. But this is the first year that he has officially recommended gold in his model portfolio.
Byron Wien is recommending holding gold as part of an investment portfolio to protect assets.
And at the beginning of this month, Mr. Wien, vice chairman of Blackstone Advisory Partners, said he was maintaining his 5 percent allocation to gold for next year.
The metal has become the insurance policy of choice for many sophisticated investors. Even among those who were never gold bugs, there is now a belief that it has its place in a portfolio.
Mr. Wien’s view comes despite the fact that gold, which was up 29.5 percent in 2010, was up an additional 20.7 percent at the end of October of this year, according to Mr. Wien’s most recent report — nearly double the increase for real estate, the second-highest increase among Mr. Wien’s recommended asset classes.
His decision to continue recommending gold comes even while some investors feel that after such a steep run, prices may fall. The returns reflect the hard reality that as governments print money, thereby debasing the value of their currencies, gold still looks like a sensible option.......read on
JAMES TURK: We're Still Headed For The Cliff
SGT interviews James Turk, founder and Chairman of GoldMoney.com. They discuss world events including the MF Global collapse, Loss of confidence, JP Morgan and the fall of the Euro Zone.
Monti, Merkel and Sarkozy to hold mini summit
http://www.euronews.net/
Mario Monti, is set to meet with Nicolas Sarkozy and Angela Merkel on
Thursday. The newly appointed Italian Prime Minister, with his Italian
and French counterparts, represent the three largest economies in the
euro zone.
Medvedev grows some and restarts the Cold War
Responding to
Washington's failure to bring Russia on board the European missile
defense system, President Dmitry Medvedev announces sweeping plans to
address what Moscow deems to be a threat to national security.
So Deep an Evil
Imagine you are Ben Bernanke, or on the Board of Governors of the Federal Reserve. The time frame is July and August of 2011 and the price of gold is on a tear. Commodities inflation has been persistent and is breaking out everywhere. Your prediction that inflation "is contained" and is a "temporary phenomena" are beginning to look absurd. What do you do? Simple. Hint that QE3, the primary drive of inflation, is coming and then fail to deliver at the September FOMC meeting. That takes care of the price of gold and the gold stocks. Ah, but those pesky commodities speculators keep making money and trading against what you want the markets to do. So what is to be done there? Hey Jon Corzine, how about you tank the largest broker for the small commodities punters in the world, and we let them twist in the wind? That will serve them right. Teach them to bet against the government approved scenario. - ZeroHedge.com
Dominant Social Theme:
These are terrible tragedies and no one can help them.
Free-Market Analysis:
In our wanderings around the Blogosphere (and 'Net-iverse), it's become clearer and clearer to us that we live in a kind of matrix beyond our immediate control or perception. All we can do, like blind men, is to continue to make out the shape of the elephant as best we can. Numerous, repetitious touches are best.
That's why were attracted to this article over at ZeroHedge. We have noticed recent changes in the dialogue. ZeroHedge seems to be running articles along the lines of what we could call directed history, and so is LewRockwell. This is good.
And this is a good speculation (see excerpt above), as well, even If it is not true. The idea is that Jon Corzine, who has held high elite-banking positions, conducted a kind of sting of small gold buyers. By reducing MF Global to rubble, the elites also wiped out thousands of small commodities traders.
It is these traders that help force the issue regarding gold prices. Without them the price becomes easier to manipulate. Why would the powers-that-be do such a thing? A recent DB editorial explained the motivation in blunt detail:
The powers that be HATE gold. Money Power is derived from the central bank printing press. The idea that people on their own can go out and dig up money out of the earth means that the people STILL have the opportunity to better themselves independently of the power elite.
This is very hard to tolerate if you are trying to set up a regime to rule the world, as the Anglosphere elite apparently wants to do. If people can still get wealthy independently then you don't have TOTAL control. And total control is what Money Power seeks, or so it surely seems.
For this reason, the powers-that-be do everything they can to manipulate and squash the price of gold. This is why fiat money bulls are likely longer by years and decades than precious metals bulls. The elites drag out the fiat bull markets as long as they can.
(Why Gold Sells Off and What Will Happen Next)
This is a clever scenario and gives rise to other power-elite speculations as well. First, we would conclude, within the context of this speculation, that Corzine is nothing more than a kind of elite errand boy, for no honcho would put himself into such legal jeopardy.
This would confirm what we've written previously, that those who reach even the top rungs of Wall Street are nothing more than the clerical help for the REAL power elite that controls central banking itself and is planning the ongoing manipulations leading to world government. Corzine was the head of Goldman Sachs and a former governor of New Jersey.
Second, and more importantly, this sort of speculation reinforces how the power elite conspiracy may really work - by utilizing the leader but not followers. In other words, it's only necessary to have an alliance with the top person within the conspiratorial context. This is necessary, in fact, because the rest of those involved have to believe in their own cause.
Anglosphere elites, for instance, could have had relationships with Adolf Hitler and Joseph Stalin (history shows they did) but the relationships did not extend further down. This is how directed history can take place without it becoming known to a wide-ranging group of people. Only the leader need know that he is in cahoots with the enemy and that the results are pre-arranged.
Continuing this speculation, we can conclude that it is only a very small group of people that have the clout to control the world. How small? Take a look at this, excerpted from an article entitled "Stalin, his father and the Rabbit" in the New Statesman, by Simon Sebag Montefiore:
Among the ... staff at Stalin's villas was an experienced and trusted cook who rather extraordinarily had served Rasputin and Lenin, and now cooked for Stalin, too. This was President Vladimir Putin's grandfather. Given that he cooked for Rasputin, Lenin and Stalin, he is surely the most world-historical chef of modern times. When he was running for president in 2000, Putin proudly revealed the connection but said that his grandfather, a loyal Chekist to the last, had never yielded any secrets of his remarkable career.
We've tried to explain (over and over) recently that the power elite is likely run like a mafia, not a religion. Those involved work closely with each other and the shape of their relationship reminds us of a cartel as well. You can see some of our articles on this issue here:
Zionism as an Elite Promotion or Fashion Statement?
Website Irony...
Yes, they are very close and they hold power tightly. It's come out recently, for instance, that the USSR was not only funded by the power elite, but likely managed by it, too. Supposedly, Hitler made unexpected trips to see Stalin. Could the whole war have been, in a sense, staged?
World War I surely gives rise to these suppositions. And certainly Yalta, with its good-cop/bad cop scenario (with Churchill in the middle) strikes as more and more ludicrous. The whole idea is to manufacture enemies and thus create more control over middle classes. The great Austrian academic Murray Rothbard had his doubts about the "Cold War" and we can certainly see why.
Virtually everything in the 20th century may have been a kind of hoax, we've decided, from the phony wars, to the Cold War itself, to the various recessions and depressions and the "isms" that people fought over - all of it part of directed history, designed to create a thesis, antithesis and finally, a synthesis.
The Anglosphere power elite wants global government. It's that simple. To get the job done, maximum chaos is to be created via economic depression, famine, wars and other tools of destruction. And then, of course, out of such chaos will come ... order. A new world order.
This latest one-world conspiracy is an old one, relatively speaking. It's been ongoing for a century - or maybe three - but it certainly picked up energy in the 20th century when the elites truly controlled all media. The boldness of the lies, when you examine them, is symptomatic of the arrogance. It is sociopathic. They do as they want, when they want, where they want. Human history is simply stuff to mould.
We were, for instance, always suspicious of how the USSR tumbled so quickly. We're told the system spent itself into oblivion. Funny thing, North Korea is still around. From our point of view, it looks like the plug was pulled quite intentionally on the USSR. We don't understand how it failed anymore than we understand how World War II got started or why the US Fed felt it necessary to inflate illegally in the Roaring Twenties.
For the above reasons, we're perfectly able to entertain the possibility that Corzine participated in this sort of sting. Sure it sounds "far out" - but not much farther out than a skinny guy in a turban living in a cave and organizing a take-down of prime US real estate.
If someone told you that the US and NATO would be involved in seven or eight regional wars simultaneously, would you have believed him? Or that the president of the United States refused to open up any of his records to domestic journalists? Or that a sympathetic hit movie would be built around the tortured gayness of FBI founder J. Edgar Hoover?
Strange things are happening. The Internet Reformation is forcing power elite "limited hangouts" more and more. The trouble with this strategy is that the more that is revealed, the more people want to know.
And gradually the cynicism builds along with evidentiary patterns. That may be the stage we're at now, where responsible alternative 'Net media can make the gravest accusations without straining the credulity of its many, increasingly informed readers.
Conclusion:
The Corzine accusation at ZeroHedge (true or not) seems to us a kind of proof of this. If it is, then ... watch out! Even stranger and more exciting times lie ahead as the greatest conspiracy of them all - to create a one-world government - begins to unravel.
Max Keiser on Europe's Brave New Debt
By RussiaToday
on Nov 23, 2011
Alarms over the Euro's future are sounding in the heart of Europe. European Commission President Jose Manuel Barroso warned the single currency could collapse unless governments are more economically integrated. Eurocrats are currently pitted against Germany, as Chancellor Angela Merkel has once again rejected the idea of collective borrowing for the region.
Alarms over the Euro's future are sounding in the heart of Europe. European Commission President Jose Manuel Barroso warned the single currency could collapse unless governments are more economically integrated. Eurocrats are currently pitted against Germany, as Chancellor Angela Merkel has once again rejected the idea of collective borrowing for the region.
Wednesday, November 23, 2011
France Wants Quick Decision on Iran Oil Purchase Ban
Wednesday, 23 November 2011
Jerusalem Post
PARIS - France said on Tuesday it was pushing hard to convince allies to impose sanctions on Iran's oil exports and central bank, despite concerns among other Western governments that such moves could hurt the world economy as well as Tehran.
Foreign Ministry spokesman Bernard Valero would not say whether France, which has increased its own imports of Iranian oil this year, would freeze those imports unilaterally.
He said he did not expect that Paris would fail to convince others to join it in stopping oil imports and freezing Iranian central bank assets - though some argue such action would drive up global oil prices and so hurt Western economies.
A Simple Question - Tax-exempt Elite in Britain
http://www.presstv.com/Program/211459.html
Of the 100 leading companies listed on the Britain's stock exchange, 98 avoid paying taxes by using offshore tax havens.
Of the 100 leading companies listed on the Britain's stock exchange, 98 avoid paying taxes by using offshore tax havens.
Keiser Report: Big Bad Banks
This week Max Keiser and co-host, Stacy Herbert, discuss the Koch Brothers and MF Global and Northern Rock and Richard Branson's blonde hair and big, shiny teeth. In the second half of the show, Max talks to independent radio journalist Richard Thomas about Occupy LSX, poll tax riots and financial apartheid.
Is Gold Still the Answer for Investors?
Latest report from Casey ResearchThough late to the party as usual, the proverbial man on the street – along with members of mainstream media and Wall Street heavyweights – is finally waking up to the decade-long, 700% increase in the price of gold, joining a growing buzz around the monetary metal. From questions whether gold is in a bubble to predictions that soaring prices are just around the corner, one thing is clear: a new phase of awareness for gold is upon us. How far might it move before these troubling times are over?
Go thru to the report here
Austria has no Gold Kangaroos
From Zerohedge.com
The one ad which explains why the seeds of Austria's credit perfection collapse were sown back in 2007. In the ad, the second biggest Austrian bank, Raiffeisen Bank, explains precisely what its "selection" criteria were to get a loan in Hungary at the peak of the credit bubble (and yes, the ad is real). The ad explains the follow up news, which is namely that Austrian bank supervisors were today told to limit their lending to Eastern Europe. Unfortunately, the horses are out of the barn, and the biggest banks in Austria are about to be at the mercy of the markets, especially once the rating agencies do the inevitable and cut the country by at least 2 notches.
The one ad which explains why the seeds of Austria's credit perfection collapse were sown back in 2007. In the ad, the second biggest Austrian bank, Raiffeisen Bank, explains precisely what its "selection" criteria were to get a loan in Hungary at the peak of the credit bubble (and yes, the ad is real). The ad explains the follow up news, which is namely that Austrian bank supervisors were today told to limit their lending to Eastern Europe. Unfortunately, the horses are out of the barn, and the biggest banks in Austria are about to be at the mercy of the markets, especially once the rating agencies do the inevitable and cut the country by at least 2 notches.
Gold bounces back above $1700
Gold overnight bounced back above the $1700/oz ounce level on the back of strong physical demand and hints of future easing.
The latest pronouncement from the People's Secretariat of the Federal Reserve:
Highlights (I edited out the bit about the increase in tractor production):
It was noted that many central banks around the world pursue an explicit inflation objective, maintain flexibility to stabilize economic activity, and seek to communicate their forecasts and policy plans as clearly as possible. Many participants pointed to the merits of specifying an explicit longer-run inflation goal, but it was noted that such a step could be misperceived as placing greater weight on price stability than on maximum employment; consequently, some suggested that a numerical inflation goal would need to be set forth within a context that clearly underscored the Committee’s commitment to fostering both parts of its dual mandate.
A few members expressed interest in using language specifying a period of time during which the federal funds rate was expected to remain exceptionally low, rather than a calendar date, arguing that such language might be better to indicate a constant stance of monetary policy over time. However, members generally preferred to retain the existing forward guidance, at least for now.
A few members indicated that they believed the economic outlook might warrant additional policy accommodation. However, it was noted that any such accommodation would likely be more effective if it were provided in the context of a future communications initiative, and most of these members agreed that they could support retention of the current policy stance at this meeting. One member dissented from the policy decision on the grounds that additional monetary policy accommodation was warranted at this time.
With the Committee in the process of reviewing its monetary policy strategies and communication, and no additional accommodation being provided at this meeting, a few members indicated that they could support the Committee’s decision even though they had not favored recent policy actions.
The full version of the Fed minutes are available at the Federal Reserve’s website:
http://www.federalreserve.gov/monetarypolicy/fomcminutes20111102.htm
Capital Controls in the Land of the Free
As predicted on this blog capital controls are coming to the USA. Detailed below is just the start.
From Mish:
A securities analyst sent a note this morning "I just received this today from a company I have used for 3 years."
He was referring to a memo from Currency Online regarding Restriction of our service to USA based clients
Regrettably I write to inform you that, due to changes in legislation, we will be unable to continue to offer our international money transfer services to clients located in the United States of America (USA). As a result, any existing transactions that you have outstanding with Currency Online will be completed in the normal way, however you will be unable to undertake any new transfers......read on
From Mish:
A securities analyst sent a note this morning "I just received this today from a company I have used for 3 years."
He was referring to a memo from Currency Online regarding Restriction of our service to USA based clients
Regrettably I write to inform you that, due to changes in legislation, we will be unable to continue to offer our international money transfer services to clients located in the United States of America (USA). As a result, any existing transactions that you have outstanding with Currency Online will be completed in the normal way, however you will be unable to undertake any new transfers......read on
I checked the Capital Online site myself and this is the warning you get if you click on "Open an Account":
It's Over
By Karl DenningerAt market-ticker.org
We're done folks.
CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.
That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.
The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.
The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.
We're there folks.
Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.
This isn't just about speculators - it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.....read on
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