Infinite Unknown

- EVERY Market Is Rigged (Washington’s Blog, June 12, 2013):

Currency Markets Are Rigged

Bloomberg reports today:

Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

Continue reading »

Tags: Collapse, Economy, Global News, Gold, Libor, Silver

YouTube

- Ron Paul: It’s Going to Get Much, Much Worse (Peak Prosperity, June 10,2013):

Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.

His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest perspective on how successfully our national leadership is dealing with America’s economic challenges.

In Dr. Paul’s assessment, Washington is too committed to deficit spending and the debt-based economy – both operationally and philosophically – to expect it to embrace a more fiscally-responsible model without a forcing crisis (which he believes is coming): Continue reading »

Tags: Ben Bernanke, Bonds, Bubble, Collapse, Debt, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Government, Keynesianism, Paul Krugman, Politics, Quantitative Easing, Ron Paul, Silver, Society, U.S.

- US Mint Head: Bullion Demand Still “Unprecedented” (ZeroHedge, June 5, 2013):

As every down-tick in the paper price of Gold is viewed as another death knell for the ‘global safety’ trade; a drop in stock prices is somehow seen as an ‘opportunity’ to the world’s media and status quo maintainers. However, as Reuters reports, Richard Peterson – acting director of the US Mint – explains, demand for US gold and silver bullion remains at “unprecedented” high levels almost two months after the historical sell-off. So that is what the pent-up-demand, ‘money on the sidelines’ has been waiting for? Notably, Peterson also added that, due to demand, the Mint may resume making platinum bullion coins (after stopping in 2008).

Via Reuters:

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“Demand right now is unprecedented. We are buying all the coin (blanks) they can make,” Richard Peterson, acting director of the U.S. Mint, said in an interview referring to the Mint’s suppliers.

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Tags: Economy, Global News, Gold, Silver, U.S. Mint

YouTube Added: 24.05.2013

Tags: Barack Obama, Ben Bernanke, Bonds, Collapse, Constitution, Debt, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Gold Standard, Government, Hyperinflation, Hyperinflationary Depression, Inflation, Jim Rickards, Law, Obama administration, Peter Schiff, Politics, precious metals, Quantitative Easing, Silver, Utah

- Will It Be Inflation Or Deflation? The Answer May Surprise You (Economic Collapse, May 22, 2013):

Is the coming financial collapse going to be inflationary or deflationary?  Are we headed for rampant inflation or crippling deflation?  This is a subject that is hotly debated by economists all over the country.  Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation.  Others point to all of the deflationary factors in our economy and argue that we will experience tremendous deflation when the bubble economy that we are currently living in bursts.  So what is the truth?  Well, for the reasons listed below, I believe that we will see both.  The next major financial panic will cause a substantial deflationary wave first, and after that we will see unprecedented inflation as the central bankers and our politicians respond to the financial crisis.  This will happen so quickly that many will get “financial whiplash” as they try to figure out what to do with their money.  We are moving toward a time of extreme financial instability, and different strategies will be called for at different times.So why will we see deflation first?  The following are some of the major deflationary forces that are affecting our economy right now… Continue reading »

Tags: Bonds, Collapse, Debt, Deflation, Economy, Fed, Federal Reserve, Global News, Gold, Government, Great Depression, Inflation, Money, Politics, Silver, Society, Warren Buffett

- Gold And Silver Inverse Baumgartner’d (ZeroHedge, May 20, 2013):

UPDATE 1: Chatter of a potential US downgrade from Moody’s is being blamed (but that news out hours ago)UPDATE 2: Silver futures trading volume 82% higher than 100-day average

While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news… so it seems the demand for ‘cheaper’ precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets…

Tags: Commodities, Economy, Global News, Gold, precious metals, Silver

- Visualizing The Silver Squeeze (ZeroHedge, May 18, 2013)

Tags: Economy, Global News, Silver

- How A Criminal Syndicate Of Banks Is Raping The Gold Market (King World News, May 15, 2013):

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So this is a great business for the bankster banks.  The same people who rigged LIBOR, I’m telling you are very obviously rigging the gold market.  It’s so obvious that only the mainstream media would not be able to figure this out.”

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Tags: Banking, Economy, Global News, Gold, Silver, William Kaye

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.

Continue reading »

Tags: Banking, Barack Obama, Ben Bernanke, Collapse, COMEX, Economy, Exchange Traded Fund, Fed, Federal Reserve, Gold, Government, Obama administration, Politics, Silver, U.S.

Flashback:

- JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

- Will JPMorgan’s “Enron” Be The End Of Blythe Masters? (ZeroHedge, Mai 3, 2013):

One year after the infamous Jamie Dimon “tempest in a teapot” fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan.

On one hand, the chairman of the TBAC (and thus US Treasury advisor and policy administrator), and former LTCM trader, Matt Zames, was just recently promoted to the sole second in command post at the biggest US bank (and 2nd biggest in the world) by assets, and first in line to take over from Jamie Dimon. On the other hand, one of Mary Jo White’s former co-workers, and a JPM defense attorney from Debevoise just became head of the SEC’s enforcement division, in theory guaranteeing that the US government would never do more than slap the wrist of JPM in perpetuity. Continue reading »

Tags: Banking, Blythe Masters, Enron, Fed, Federal Reserve, Global News, Gold, Government, JPMorgan, Politics, SEC, Silver