Infinite Unknown

- Argentines Are Hoarding 1 Of Every 15 Cash Dollars In The World (ZeroHedge, May 15, 2013):

With the shadow (or blue) market for Argentina Pesos already devalued by an incredible 50%, it is little surprise that the population is bidding for any store of value. Demand for luxury cars is soaring (BMW sales up 30% in the last 20 months) and Bitcoin activity is often discussed as the population transfer increasingly worthless Pesos into a fungible “currency” or domestic CPI protection; but it is USD that are the most-cherished item (despite a ban on buying USD) as hyperinflation hedges. But as Bloomberg Businessweek reports, a lot of US Dollar bills are tucked away somewhere in Argentina (in stacks of $100 bills since the number in circulation has risen from 58% of the total to 62% since 2008). One table is a 2012 Fed paper on demand abroad for US currency shows net inflows to Russia and Argentina has increased by 500% since 2006 (compared to US demand up around 10%). In fact, demand for large dollar transfers to Argentina since 2006 has outstripped demand for dollar cash overall in the world. It is safe to surmise from the data (that is relatively well guarded by the government) that over $50bn is being hoarded in Argentina (or well over one in every fifteen dollars). It is little wonder that the government is furiously digging at the country’s undeclared (stashed under the mattress) wealth. Continue reading »

Tags: Argentina, Dollar, Economy, Global News, Hyperinflation, Inflation

- Visualizing The Shrinking Dollar (ZeroHedge, May 10, 2013)

Tags: Collapse, Dollar, Economy, Global News, Purchasing Power

YouTube Added: 03.05.2013

Tags: Banking, Barack Obama, Ben Bernanke, Bonds, Central Bank, Collapse, Debt, Dollar, ECB, Economy, EU, Europe, Fed, Federal Reserve, Gerald Celente, Global News, Government, Inflation, Ireland, Jean-Claude Trichet, Mario Draghi, Obama administration, Politics, Quantitative Easing, Retailers, Society, U.S., Unemployment

- Bartiromo Vs Schiff: The (Soft) Money-Honey Against The Golden Boy (ZeroHedge, May 4, 2013):

Perfectly summarizing the cognitive dissonance of the mainstream media (and their drone-like viewers), this duel of the Soft-Money-Honey Maria B and Hard-Money Golden Boy Peter Schiff was a tragic farce. Maria comes out swinging, “whether this is a manufactured market or not, you’ve got no alternative but stocks – where’s my yield?” Schiff counters, “there are alternatives” – summarily scoffed at (a-la his-housing appearances in 2006/7) by Mariaremember…

- “we have a completely phoney economy driven 100% by cheap money; the minute you take it away, the whole thing implodes.” And while the ‘fight’ moves on, we are left thinking they are in two different rings since whatever point is made by Schiff is summarily ignored for the status quo.

“QE will be here until we have a USD crisis and the Fed can’t get away with it anymore,” Schiff reminds, adding, “There is no exit strategy… the Fed is bluffing; exit is impossible.”

The glancing blows continue deep into the late rounds. “The reality is we are living in a bubble; and all bubbles burst,” (reminding us of Sam Zell’s comments to the very same CNBC anchor a few weeks back), “it’s unfortunate we didn’t learn that lesson in 2008 but we’re about to learn a much bigger lesson.” Disingenuous laughter follows at Schiff’s suggestion at holding Gold with Maria’s anchoring bias loud-and-proud – “I’m looking for alternatives to stocks, and I can’t find any.”

Schiff notes, “the next crisis will be the USD,” to which Maria incomprehensibly asks “what currency am I going to own if not the USD?” And this is where the fireworks begin as Schiff dares to suggest “you could just have real money Maria” (just as Marc Faber warned her “you don’t own gold, you are in great danger” a few months back).

Continue reading »

Tags: Collapse, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Marc Faber, Maria Bartiromo, Peter Schiff, U.S.

YouTube

Tags: Barack Obama, Bonds, Debt, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Government, Inflation, money supply, Obama administration, Politics, Ron Paul, U.S.

- Ron Paul On Bitcoin: “If I Can’t Put It In My Pocket, I Have Reservations” (ZeroHedge, April 23, 2013):

“You will not see economic growth until you liquidate the debt and liquidate the malinvestment out there,” is the hard truth that former Congressman Ron Paul lays on Bloomberg TV in this wide-ranging interview. Paul is concerned at “the erraticness of the dollar… and its devaluation,” explaining that, “people think the gold price up and down is a reflection of something wrong with gold; no, I say it is something wrong with the dollar.” The topic gravitates to inflation, which Paul explains is far from missing as, “Bond prices go up. Stocks are going up. Housing prices are starting to go back up again. Education costs are going up,” adding that, “CPI is not reliable.” Paul is buying gold, believes “we are in as much trouble as Greece,” and while fascinated by the free market nature of Bitcoin, he notes that while he doesn’t fully understand it, “if I can’t put it in my pocket, I have some reservations about that.”

Paul on whether he’s concerned about the drop in gold: Continue reading »

Tags: Ben Bernanke, Bitcoin, Bonds, Debt, Deflation, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Government, Inflation, Politics, Ron Paul, U.S.

Added: 27.03.2013

Tags: Banking, Bonds, Collapse, Dollar, Economy, EU, Euro, Europe, Fed, Federal Reserve, Financial Crisis, Global News, Gold, Government, Politics, U.S., Wall Street

Gold takedown …

- What Happened Last Time When Gold Dropped Like This?

- Why Is Gold Crashing?

-  Gold Plummets By Most In 30 Years, Stocks Have Biggest Drop Of 2013

- Dr. Paul Craig Roberts: The Assault On Gold – Assault On Gold UPDATE:

Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday.

Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money?

What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000.

Who can afford to lose that kind of money? Only a central bank that can print it.

… signalling U.S. dollar endgame?:

- DHS Insider: ‘There Won’t Be Any Meaningful Deal About The Fiscal Crisis. This Is Planned … The Coming Collapse Of The U.S. Dollar Is A Done Deal.’

DH: How soon do you see things taking place?

RB: They already are in motion. If you’re looking for a date I can’t tell you. Remember, the objectives are the same, but plans, well, they adapt. They exploit. Watch how this fiscal cliff thing plays out. This is the run-up to the next big economic event.

I can’t give you a date. I can tell you to watch things this spring. Start with the inauguration and go from there. Watch the metals, when they dip. It will be a good indication that things are about to happen. I got that little tidbit from my friend at [REDACTED].

- Hedge Fund Manager Kyle Bass: Senior Obama Administration Official Said: ‘We’re Just Going To Kill The Dollar’ (Video)

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BOOM!: Boston marathon bombings:

- Boston Marathon Bombing Official Story Unravels – Why Did The Boston Bomb Squad Had All This Advance Knowledge?

- Boston Marathon Bombings: University Of Mobile Coach: Bomb Sniffing Dogs, Spotters on Roofs Before Explosions – ‘They Kept Making Announcements To The Participants Do Not Worry, It’s Just A Training Exercise’

- Boston Marathon Bombings: Reporters Ask Police: ‘Why Were People Told To Stay Calm Before The Bombs Went Off?’ (FOX News Video)

- Boston Globe Twitter Feed: ‘Officials: There will be a controlled explosion opposite the library within one minute as part of bomb squad activities.’

- Copley Square will remain ‘locked down’ (Boston Herald, April 15, 2013):

… the National Guard has secured a 15-block crime scene and is limiting access in the area, and the Federal Bureau of Investigation has taken over the probe into who planted the explosives.

‘Illuminati Cards’ – Joggers – by Steve Jackson 1995

More cards here: 515 Iluminatti Playing Cards (Please share)

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The Titanic sank on April 15, 1912 – Is the USS Titanic about to sink?:

( I hope you are all familiar with William Banzai’s ‘humor’!)

- QE TiTaNiC 2013… (ZeroHedge, By William Banzai, April 15, 2013):

Farewell to the mighty QE

A ship for The Powers That Be

Ben keeps her afloat

‘Till Elites board their boat

While sheeple sink into the sea

The Limerick King

Tags: Barack Obama, Bonds, Boston, Debt, Dollar, Economy, False flag, Global News, Gold, Government, Illuminati, Inside job, New World Order, Obama administration, Police, Politics, Titanic, U.S.

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.

- Assault On Gold Update — Paul Craig Roberts (April 13, 2013):

NOTE: Gold weights are based on metric tons and Troy ounces. 500 metric tons of gold would be 16,075,000 troy ounces. This changes the arithmetic slightly but not the point

I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.

A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign.

Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.

According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.

A naked short is when the short seller does not have or borrow the item that he shorts, but sells shorts regardless. In the paper gold market, the participants are betting on gold prices and are content with the monetary payment. Therefore, generally, as participants are not interested in taking delivery of the gold, naked shorts do not need to be covered with the physical metal.

In other words, with naked shorts, no physical metal is actually sold.

People ask me how I know that the Fed is rigging the bullion price and seem surprised that anyone would think the Fed and its bullion bank agents would do such a thing, despite the public knowledge that the Fed is rigging the bond market and the banks with the Fed’s knowledge rigged the Libor rate. The answer is that the circumstantial evidence is powerful.

Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday.

Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money?

What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000.

Who can afford to lose that kind of money? Only a central bank that can print it.

I believe that the authorities would like to drive the gold price down further and will, if they can, hit the gold market twice more next week and put gold at $1,400 per ounce or lower. The successive declines could perhaps spook individual holders of physical gold and result in actual net sales of physical gold as people reduced their holdings of the metal.

Continue reading »

Tags: Barack Obama, Bonds, Collapse, Debt, Dollar, Fed, Federal Reserve, Global News, Gold, Government, Obama administration, Paul Craig Roberts, Politics, Quantitative Easing, U.S.

- China Takes Another Stab At The Dollar, Launches Currency Swap Line With France (ZeroHedge, April 13, 2013):

One more domino in the dollar reserve supremacy regime falls. Following the announcement two weeks ago that “Australia And China will Enable Direct Currency Convertibility“, which in turn was the culmination of two years of Yuan internationalization efforts as summarized by the following: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says“, “India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees“, and “The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap“, China has now launched yet another feeler to see what the apetite toward its currency is, this time in the heart of the Eurozone: Paris. According to China Daily, as reported by Reuters, “France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London.” As a reminder the BOE and the PBOC announced a currency swap line back in February, in effect linking up the CNY to the GBP. Now it is the EUR’s turn.

More on this curious move by the Bank of France and the PBOC from Reuters: Continue reading »

Tags: Brazil, China, Collapse, Dollar, Economy, EU, Euro, Europe, France, Global News, Government, India, Iran, Japan, Politics, Russia, U.S., Yuan