Wednesday, March 6, 2013

Breaking The Set

From breakingtheset

Abby Martin Breaks the Set on Iran War Legislation, Absurd Terror Tactics, Ag Gag Laws, and Wealth Inequality in America.

Peter Cooper interviews John Hathaway in Dubai

World leaders react to Chavez's death

From AlJazeeraEnglish

Stephen Leeb on Gold Silver and China

My favourite commodities analyst, Dr. Stephen Leeb discusses the Gold and Silver market, China's strangle hold over strategic metals and US defence cuts. Listen the KWN interview here

RBA to Supply Australian Banks a Permanent Bailout Facility


Original source

In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015.

The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding for 30 days under the post-GFC rules, Basel III.

Local regulators argue that insufficient liquid assets such as government bonds meant they had no choice but to give the banks a new taxpayer-backed “line of credit” that could be tapped at a cost just above the RBA’s cash rate. Smaller building societies and credit unions are not subject to the liquidity tests and will not, therefore, have access to the bail-out fund.

Remarkably few people inside or outside financial markets are familiar with, or understand, this “committed liquidity facility”, which will be managed by the RBA.

Read more

Game On! - Greek Bank Confidentiality Shattered to Capture Every Last Piece of Wealth

Only government pin-heads could think this scheme will raise more taxes. The Greek banking system is near collapse as it is, why would anyone use bank accounts for "savings" when the government will be looking over your shoulder for every transaction?

From The Greek Reporter

Original source

Trying to find innovative ways to fight tax evasion, Greece’s General Secretariat for Information Systems has completed an application that will allow the state’s monitoring and collection mechanism to access the country’s banking system via an online connection and let the government have access to depositor bank accounts.

The application, which will let the Finance Ministry troll through the accounts of all depositors suspected of tax evasion means online inspectors can scour through records of deposits, loans, credit card use and other data without permission from the account holder.

Until now, the law did not allow even investigators to check bank records, but Greece is under intense pressure from international lenders putting up $325 billion in two bailouts to find tax cheats and up tax revenues.

Read more

The Concrete Tent

Can't you just see miles and miles of these tents surrounding major US cities in the future, as more and more high paying jobs are offshored.

From NationalGeographic

The Lucifer Effect: How Good People Turn Evil

From TheAlexJonesChannel

Katherine Albrecht welcomes professor emeritus at Stanford University, Philip George Zimbardo, a psychologist who studied the psychological effects of prison life on test subjects.

Bill Gross - Markets Move Closer to Irrational Exuberance

March 5 (Bloomberg) -- Bill Gross, Co-CIO & founder at Pimco, discusses QE weakening currencies, what to avoid in the bond market and markets moving closer to irrational exuberance. He speaks on Bloomberg television's "Market Makers."

Record Dow High and Gold

Hugo Chavez Dies

Hugo in happier days

The Dow Sets New All Time High

The Dow Jones Industrial Average set a new record high, hitting 14,286 intraday and closed at 14,253. The previous high was set on October 9, 2007.

See following Daily Ticker video for the full details:

 Click on image to access video

Whilst the MSM are high five'ing each other over the DOW hitting a new all time high, gold and silver have ticked along, largely ignored and rarely bought. See the following 5 year returns:

Silver double the DOW  -  Gold triple the DOW

GLD as proxy for Gold; SLV as proxy for Silver. Chart from Yahoo Finance

Assange says WikiLeaks is still sitting on US secrets

From RTAmerica

Keiser Report: Chase, Bully & Attack!

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss HFT and QE3 rat-bots chasing and bullying the world into a Great Depression. They also discuss the dangerous situation of France once again becoming a peripheral country to German. In the second half of the show, Max Keiser talks to Pierre Jovanovic, French radio talk show host and author of Blythe Masters, about the smell of not napalm but revolution in the air in France where unemployment is worsening, suicides by jumping in front of a train are up drastically and Goldman Sachs says workers need to cut their pay by 30%. They also discuss history repeating itself as Germany once again finds itself looking for its gold as in Wagner's Das Rheingold.