Infinite Unknown

ROFL!

- Horrible News For Goldbugs – Paulson Is Bullish On Gold Again; Next – Roubini? (ZeroHedge, Feb. 17, 2012):

We wish we had good news, but we are not going to lie: This is the worst possible news for any gold bull out there.

From Bloomberg:

Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it’s time to buy the metal as protection against inflation caused by government spending.

“By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position in gold,” New-York based Paulson said in a letter to investors obtained by Bloomberg. Armel Leslie, a spokesman for Paulson, declined to comment.

The 56-year-old manager’s SPDR Gold Trust holdings fell 15 percent in the fourth quarter as his $23 billion hedge fund company had its worst-ever year. His Advantage Plus Fund lost 51 percent in 2011, and the firm said in a third-quarter letter that financial services companies were the “primary drag.” Paulson became a billionaire in 2007 by betting against the U.S. subprime mortgage market. Gold rose 10 percent last year in New York trading, an 11th consecutive annual gain.

And so the Paulson overhang is back. Couldn’t Paulson just go ahead and buy Bank of America or some other worthless biohazard again?All that remains is for Roubini to say he prefers gold over spam (and always has, he was merely “misunderstood“) and the crash will be imminent.

Or perhaps we will learn following the next $1000 up move in gold that Gartman will have been long gold in Vietnamese Dong.

Well, at least cheap entry points will be available.

Tags: Economy, Funny, Global News, Gold, Government, Inflation, John Paulson, Politics, U.S.

- Gold: 1980 vs Today (ZeroHedge, Feb. 17, 2012):

When gold was undergoing its latest (and certainly not greatest) near-parabolic move last year, there were those pundits consistently calling for comparisons to 1980, and the subsequent gold crash. Yet even a simplistic analysis indicates that while in the 1980s gold was a hedge to runaway inflation, in the current deflationary regime, it is a hedge to central planner stupidity that will result as a response to runaway deflation. In other words, it is a hedge to what happens when the trillions in central bank reserves (at last check approaching 30% of world GDP). There is much more, and we have explained the nuances extensively previously, but for those who are only now contemplating the topic of gold for the first time, the following brief summary from futuremoneytrends.com captures the salient points. Far more importantly, it also focuses on a topic that so far has not seen much media focus: the quiet and pervasive expansion in bilateral currency agreements which are nothing short of a precursor to dropping the dollar entirely once enough backup linkages are in place: a situation which will likely crescendo soon courtesy of upcoming developments in Iran, discussed here previously.

YouTube Added: 17.02.2012

Tags: China, Debt, Deflation, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Government, India, Inflation, Iran, Iraq, Japan, Keynesianism, Libya, Muammar Gaddafi, Politics, Quantitative Easing, Russia, Saddam Hussein, Society, U.S., War

- Gold Increased In Value In Both Extreme Inflationary And Deflationary Scenarios – Credit Suisse & LBS Research (ZeroHedge, Feb. 8, 2012)

Tags: Deflation, Economy, Global News, Gold, Inflation

For your information.

The elitists vs. the people.

YouTube Added: 13.11.2011

For more information: Thrive

Tags: 9/11, Adolf Hitler, Agriculture, Alan Greenspan, Amy Goodman, Assassination, Banking, Big Brother, Big Pharma, Bilderberg, BIS, Canada, Cancer, Catherine Austin Fitts, CCTV, CFR, Chemtrails, CIA, Congress, Corporations, Council on Foreign Relations, David Icke, Debt, Deepak Chopra, Derivatives, Derivatives market, DHS, Dictatorship, Documentary, Dollar, ECB, Economy, Energy, Environment, EU, Europe, False flag, Fascism, Fed, Federal Reserve, FEMA, FEMA Camps, Financial Crisis, Food, Free Energy, Freedom, Freemasonry, G Edward Griffin, General Electric, Genetically Modified Organisms, Genocide, George Bush, George H. W. Bush, Global News, GMO, Gordon Brown, Government, Gulf of Tonkin, HAARP, Halliburton, Health, Henry Kissinger, Herman Van Rompuy, Homeland Security, Illuminati, IMF, infertility, Inflation, Inside job, Internet, Iraq, Jean-Claude Trichet, John Perkins, Journalism, JPMorgan, Law, Ludwig von Mises, Manhattan Project, Mexico, MI5, Microchip, Military, Money, Mortgage crisis, Mortgages, Nazi Germany, Nazis, New World Order, Nicola Tesla, Oil, Patriot Act, Pesticides, Pharmaceutical Industry, Police State, Politics, Pope Benedict XVI, Privacy, Procter & Gamble, Quantitative Easing, RFID, Rockefeller, Rothschild, Royal Rife, Saddam Hussein, Science, Seeds, Society, steril, Sterilization, Steven Greer, Surveillance, Technology, Terrorism, Terrorists, Thrive, Timothy Geithner, Trilateral Commission, U.N., UFO, Vaccination, Vaccine, Wall Street, War, War on Terror, Water, WHO, World Bank, WTC, WTO, WW II, Zionism

The Thanksgiving dinner cost chart details the increased numbers since 1986:

- Your Most Expensive Thanksgiving Meal | Food Costs Soar, Highest Jump in 20 Years (Natural Society, Nov. 11, 2011):

Thanksgiving is a time for families to come together and celebrate, but this year may be your most expensive Thanksgiving yet thanks to skyrocketing food costs and an overall increased demand for poultry. It now costs, on average, $49.20 to feed 10 individuals on Thanksgiving. Up $5.73 from last year according to the American Farm Bureau Federation, the cost is about 22 percent more expensive than it was last year.

Last year, a 16-pound Thanksgiving turkey was priced at $17.70. This year, the same bird costs an average of $21.60. The price rise signifies the highest jump in 20 years.

Due to the increased cost of delivery, rising food costs, and the overall handling of food, supermarkets and other food sellers are increasing prices across the board. In fact the difference in price does not only apply to the Thanksgiving turkey. The cost of many other food items also increased from last year, including milk and other popular Thanksgiving food items:

• 1 gallon of milk went up by 42 cents since last year to $3.66.
• Pumpkin pie mix: up 41 cents to $3.03.
• Whipping cream: up 26 cents to $1.96
• Cubed stuffing: up 24 cents to $2.88
• 16-pound turkey: up $3.91 to $21.57
• Green peas: up 24 cents to $1.68
• Dozen rolls: up 18 cents to $2.30
• Sweet potatoes: up 7 cents to $3.26
• Fresh cranberries: up 7 cents to $2.48
• Pie shells: up 6 cents to $2.52
• Misc. ingredients: up 12 cents to $3.10
• Relish tray: down 1 cent to $0.76
• Total: up $5.73 to $49.20

The rising price of food and the effects on the global economy
Continue reading »

Tags: Economy, Food, Global News, Inflation, Thanksgiving, U.S.

YouTube Added: 09.11.2011

Tags: Bailout, Banking, Barack Obama, Debt, Economy, EU, Europe, Fannie Mae, Fed, Federal Reserve, Freddie Mac, Global News, Government, Healthcare, Inflation, Mortgage crisis, Mortgages, Obama administration, Politics, Ron Paul, tax, Taxpayers, U.S.

See also:

- Dr. Paul Craig Roberts: The Day America Died – The Only Future For Americans Is A Nightmare

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.

Dr. Paul Craig Roberts

- The End of History: Now that the CIA’s proxy army has murdered Gadhafi, what next for Libya? (Global Research, Oct. 21, 2011):

If Washington’s plans succeed, Libya will become another American puppet state. Most of the cities, towns, and infrastructure have been destroyed by air strikes by the air forces of the US and Washington’s NATO puppets. US and European firms will now get juicy contracts, financed by US taxpayers, to rebuild Libya. The new real estate will be carefully allocated to lubricate a new ruling class picked by Washington. This will put Libya firmly under Washington’s thumb.

With Libya conquered, AFRICOM will start on the other African countries where China has energy and mineral investments. Obama has already sent US troops to Central Africa under the guise of defeating the Lord’s Resistance Army, a small insurgency against the ruling dictator-for-life. The Republican Speaker of the House, John Boehner, welcomed the prospect of yet another war by declaring that sending US troops into Central Africa “furthers US national security interests and foreign policy.” Republican Senator James Inhofe added a gallon of moral verbiage about saving “Ugandan children,” a concern the senator did not have for Libya’s children or Palestine’s, Iraq’s, Afghanistan’s and Pakistan’s.

Washington has revived the Great Power Game and is vying with China. Whereas China brings Africa investment and gifts of infrastructure, Washington sends troops, bombs and military bases. Sooner or later Washington’s aggressiveness toward China and Russia is going to explode in our faces.

Where is the money going to come from to finance Washington’s African Empire? Not from Libya’s oil. Big chunks of that have been promised to the French and British for providing cover for Washington’s latest war of naked aggression. Not from tax revenues from a collapsing US economy where unemployment, if measured correctly, is 23 percent.

With Washington’s annual budget deficit as huge as it is, the money can only come from the printing press.

Washington has already run the printing press enough to raise the consumer price index for all urban consumers (CPI-U) to 3.9% for the year (as of the end of September), the consumer price index for urban wage earners and clerical workers (CPI-W) to 4.4% for the year, and the producer price index (PPI) to 6.9% for the year.

As statistician John Williams (shadowstats.com) has shown, the official inflation measures are rigged in order to hold down cost of living adjustments to Social Security recipients, thus saving money for Washington’s wars. When measured correctly, the current rate of inflation in the US is 11.5%.

Continue reading »

Tags: Africa, Barack Obama, China, Debt, Economy, Global News, Government, Inflation, John Williams, Libya, Military, Obama administration, Paul Craig Roberts, Politics, Society, U.S., Unemployment

Flashback:

- UK Energy Firms Profits Soar By 38% Following Price Hikes

- Inflation hits 19-year high of 5.2pc on higher energy costs (Telegraph, Oct. 18, 2011):

The last time the consumer prices index (CPI) was higher was March 1992, when it reached 7.2pc, according to the Office for National Statistics (ONS) data.

Annual inflation was also 5.2pc in September 2008, when oil rocketed to an all-time high of $147 a barrel and the global financial system was on the brink of collapse following the failure of Lehman Brothers.

The ONS said that the price rises of four of the six large utility companies have been factored into the inflation figure so far. The other two will be reflected in the October inflation figures.

Bills for gas, electricity and other fuels rose 18.3pc on the year in September, while transport costs were up 12.8pc. Food prices were 6pc higher than last year. Economists had expected CPI to be between 4.9pc.

Continue reading »

Tags: Economy, Global News, Inflation, U.K.

Before:

- Welcome To Hyperinflation Hell: Following Currency Devaluation, Belarus Economy Implodes, Sets Blueprint For Developed World Future

- Belarus Devalues Its Currency By 56% Overnight, Against Every Currency Out There

- Belarus Central Bank Halts Sales Of Gold For Roubles

Got PHYSICAL gold and silver?

- Belarus Hyperinflation Update: Food Runs Out As Friendly Foreigners Take Advantage Of The “Favorable” Exchange Rate Arb (ZeroHedge, Aug 31, 2011):

Yesterday we had the first case study of what happens in a hyperinflation, when we noted that the local central bank had just hiked interest rates from 22% to 27%. Net result for the economy? Zero. Today is case study #2 where we learn what happens to an imploding economy which happens to be surrounded by friendly neighbors who just happen to find themselves in a massive arbitrage courtesy of a currency that is losing multiples of its value on a monthly if not daily basis. Per Bloomberg: “Belarus’s supermarkets are running out of meat as Russians take advantage of a currency crisis that a devaluation and the world’s highest borrowing costs have failed to stem. “All meat has gone to Russia,” Alexander Andreyevich, an 82-year-old former tractor-plant worker, said Aug. 25 in Minsk, the capital. “My relatives near the Russian border called me a few days ago and said the shops are empty.”…”Private stall owners simply go and buy meat from state- owned vendors and sell it a couple of steps away for a hefty profit,”Deputy Agriculture and Food Minister Vasily Pavlovsky told reporters in Minsk Aug. 24. The government banned individuals in June from taking basic consumer goods such as home appliances, food and gasoline out of the country. Russians, buoyed by the removal of border checkpoints July 1 as part of a customs union, have circumvented the restrictions.” Funny- if the locals had preserved their purchasing power by holding their money in gold, they would not find themselves in a position where those who still have a stable fiat exchange rate (for the time being) can literally steal products from under their noses for a paltry sum as sellers scramble to converts products into some currency before it is devalued even more tomorrow.

More from Bloomberg:

The crisis has sparked protests as Belarusians vent their anger at President Alexander Lukashenko, dubbed Europe’s last dictator by the administration of former U.S. President George W. Bush. While the authorities have sought to control food costs to quell public discontent, buyers from neighboring Russia have pushed meat prices higher.

Belarus will allow the ruble to float from mid-September and will remove restrictions on depositors seeking to exchange local currency for dollars and euros, Lukashenko said yesterday.

“The Belarusian ruble’s exchange rate will be determined by supply and demand, as with any other commodity,” he told the government and central bank, according to the Belta news service. “We will not support the exchange rate artificially.”

What happens then is simple: revolution, as the currency will collapse into a hyperinflationary vortex. We fully expect the exchange rate a year from today to be several million percent higher, as the ghost of Weimar and all other failed Keynesian experiments moves in to haunt this former Soviet satellite country.

It gets worse:

Continue reading »

Tags: Belarus, Food, Global News, Government, Hyperinflation, Inflation, Politics, Society

- Recessionspotting: “You Are Here” (ZeroHedge, Aug 13, 2011):

Now that even the likes of Joe LaSagna are starting to throw out the R-word about as casually as they did a 4% 2011 GDP target as recently as 2 months ago, it is becoming increasingly clear that the market is pricing in the fact that post a few more historical BEA revisions, the prior two real GDP reads will end up having been, shockingly enough, negative, i.e., your garden variety recession. So where does that put us on a market performance continuum, for those wishing to extrapolate how much further stocks and, yes, bonds (because credit is and always has been a far better indicator of objective market reality) have to drop before we hit the proverbial floor. Well, according to Morgan Stanley, quite a bit lower: “Despite the recent decline in risk assets, we do not believe that recession is in the price. Exhibits 3 and 4 show the typical declines in developed market risk assets in recession. Compared to corrections in past recessions, S&P prices and corporate credit spreads would have more to go, though spreads are starting from a higher level than typically precedes recessions.” What is startling is that should central planners lose all control (and with central bank intervention upon intervention, one can argue that should all artificial props be removed, the market really ought to plunge in a Great Depression-style tailspin), the drop from the April 29 peak to the bottom will be roughly 4 times greater… which means the S&P would hit the proverbial “S&P 400″ which is the long-term target of the likes of some more popular skeptics such as Albert Edwards and Russell Napier. As for credit: watch out below.

Equities:

and Credit:

And completing the pain, again from Morgan Stanley:

Continue reading »

Tags: Deflation, Depression, Economy, GDP, Global News, Hyperinflation, Inflation, Recession, U.S.