- 10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker (Economic Collapse, May 16, 2013)
Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
- Gangster State America — Paul Craig Roberts (Paul Craig Roberts, May 13, 2013):
There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver.
My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers.
The sale was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery. No one but the Federal Reserve could have placed such an order, and the order came from one of the Fed’s bullion banks, one of the entities “too big to fail.”
Bill Kaye of the Greater Asian Hedge Fund in Hong Kong and Dave Kranzler of Golden Returns Capital have filled in the details of how the manipulation worked. Being sophisticated investors of many years of experience, both Kaye and Kranzler understand that the financial press runs with the authorized story planted to serve the agenda that has been put into play.
- 10 Scenes From The Economic Collapse That Is Sweeping Across The Planet (Economic Collapse, May 13, 2013):
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day. Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts. The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well. I hope that you are ready.
The following are 10 scenes from the economic collapse that is sweeping across the planet… Continue reading »
- Despite Abenomics Japan’s Sharp Post Biggest Loss In 100 Years (ZeroHedge, May 14, 2013):
As reported earlier, at least one prominent hedge fund manager, Dan Loeb, is very bullish on Sony (or at least has played his cards well enough to buy the stock 50% lower and is using today’s ramp to offload to unwitting momentum chasers as he did with Herbalife). Whether he is merely using the opportunity to earn some activism brownie points on the background of the overall levitation of the Japanese stock market, or is genuinely convinced there is upside for Sony remains to be seen. However, anyone who thinks that Japanese corporates have no place to go but up, is kindly urged to take a look at one-time Japanese electronics titan Sharp, which posted a whopping loss of $5.36 billion, the biggest loss in the company’s 100 year history.
YouTube Added: 25.04.2013
YouTube Added: 17.04.2013
The world’s foremost remote viewing teacher, Edward A. Dames, Major, U.S. Army (ret.) is a decorated military intelligence officer and an original member of the U.S. Army prototype remote viewing training program. He served as the training and operations officer for the Defense Intelligence Agency’s psychic intelligence (PSIINT) collection unit, and currently serves as executive director for the Matrix Intelligence Agency, a private consulting group. The technical consultant for the feature film, Suspect Zero, (a Tom Cruise-Paula Wagner production), Ed coached Sir Ben Kingsley, and played the role of an FBI remote viewing instructor in the movie, as well.
Tags: Barack Obama, bird flu, Boston, British Columbia, Canada, China, Civil war, Collapse, Crime, DHS, Economy, Ed Dames, Environment, Food, Fukushima, Global News, Government, H7N9, Health, Homeland Security, Iran, Japan, Killshot, Mad Max, Martial Law, North Korea, Nuclear, Nuclear reactors, Nuclear weapons, Obama administration, Pandemic, Politics, Radiation, Remote Viewing, Society, Solar Flare, Sweden, Terrorism, U.S., Virus
- Detroit May Run Out Of Cash Next Month (ZeroHedge, May 13, 2013):
Another day, another US city on the brink of insolvency. This time it’s Detroit, whose recently appointed emergency financial manager Kevyn Orr said may run out of cash next month and must cut costs such as long-term debt and retiree obligations. According to Bloomberg, “Orr’s report says the cost of $9.4 billion in bond, pension and other long-term liabilities is sapping the ability to provide such basic services as public safety and transportation. He listed cutting debt principal, retiree benefits and jobs among options he may take. “No one should underestimate the severity of the financial crisis,” He called his report “a sobering wake-up call about the dire financial straits the city of Detroit faces.”
Funny, the above bolded sentence, because we have long since crossed into a stage where absolutely everyone is underestimating the severity of the financial crisis, which incidentally is long over if one listens to the broader media. As for Detroit, may we suggest the same medicine that the “expert economists” prescribe for every other instance of overlevered insolvency: just issue more debt. Surely with worthless Greek bonds soaring, there must be some Japanese investment funds that can’t wait to buy up all that paper on nothing but promises of untold riches courtesy of the endless carry trade that apparently can do no wrong.
Then again, Detroit may not be Greece: Continue reading »
- Michigan school district that says it can’t pay teachers to remain closed until further notice (Click On Detroit, May 13, 2013):
BUENA VISTA TOWNSHIP, Mich. – A shuttered Michigan school district that says it can’t afford to pay its teachers plans to remain closed until further notice.The update is posted on the website of Buena Vista School District, located near Saginaw. It hasn’t held classes since May 3.
The district laid off teachers and all but three employees May 7. The district has said it wouldn’t be able to make payroll May 24 because the state put a hold on its funding to recoup about $580,000 for a juvenile detention education program the district no longer operates.
Meanwhile, MLive.com reports Democratic Congressman Dan Kildee of Flint says 91 percent of the district’s students get federal food assistance through free and reduced lunch programs, and he wants to ensure the shutdown doesn’t affect their nutrition.
This time it’s different!
- Meet Dylan The Day-Trader, Or When Fundamentals No Longer Matter (ZeroHedge, May 12, 2013):
Only 25, self-described ‘risk-taker’ Dylan Collins plays the markets with a pot of more than $1 million – $100,000 of his own money earned from trading over the past two years, the rest provided by his bosses and partners at AMR Capital Trading. As The Washington Post reports, Dylan exclaims, “trading is fun; for me this is the dream job;” but as they note, for most of us, day trading conjures up the image from the dot-com era of some dude in his pajamas with a two-day growth of beard logged on to a Charles Schwab account buying Nortel Networks and Pets.com on margin. But have no fear for – New York-based AMR, a division of G-2 Trading, is a lot more disciplined and sophisticated than that – specializing in “momentum trading,” riding hot stocks up and cold stocks down, taking advantage of the irrational herd behavior that characterizes financial markets. “I understand the idea that maybe you’d want to do something more meaningful, but I don’t think I need to worry about that at my age,” Dylan explains as he exploits momentary mispricings and sudden spikes in volume.
The thing about this kind of trading is that you don’t have to know very much about the companies whose shares you are buying or selling. “So much of trading is just about intuition,” he adds brushing off how quickly knife-catching turns to blood (as the BTFD strategy backfired on Sino-Forest and Digital Domain). Continue reading »