Celente has got the “White Shoe” boys,
yer mates can now be called the “Black Shoe” boys
Every Gold train into the heart of the city comes through Grand Central Terminal. There are no less than 5 subterranean levels of railroads stacked in the basement of this century-old grande dame. And more than enough space for a concert in the lobby.
Sounds like a pretty high stakes poker game with us the losers, and we’re not even in the game. :o(
Best to hold……….Silverngold
When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five “too big to fail” banks in the United States that each have more than 40trillion dollars in exposure to derivatives. Today, the U.S. national debt is sitting at a grand total of about 17.7 trillion dollars, so when we are talking about 40 trillion dollars we are talking about an amount of money that is almost unimaginable. And unlike stocks and bonds, these derivatives do not represent “investments” in anything. They can be incredibly complex, but essentially they are just paper wagers about what will happen in the future. The truth is that derivatives trading is not too different from betting on baseball or football games. Trading in derivatives is basically just a form of legalized gambling, and the “too big to fail” banks have transformed Wall Street into the largest casino in the history of the planet. When this derivatives bubble bursts (and as surely as I am writing this it will), the pain that it will cause the global economy will be greater than words can describe. Read more
Former Goldman Sachs banker Nomi Prins says the financial system is more risky than before the 2008 meltdown. Prins, who wrote the best-seller “It Takes a Pillage,” says, “We have greater concentration of . . . financial risk within fewer institutions. So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.” Prins sees the recent op-ed piece by Russian President Vladimir Putin in the New York Times as a warning. She says, “To use Obama’s term, ‘American exceptionalism,’ as an excuse for that kind of combat, doesn’t negate the risk associated with it.” So, what could a U.S. war in Syria do to the fragile global economy? Prins contends, “It could implode and have serious ramifications on the financial systems starting with derivatives and working on outward.” Prins goes on to say, “It’s a tremendously dangerous time to be moving forward with aggression rather than moving backwards with diplomacy.” As far as the stock market goes, Prins says, “I would not put my money in the stock market right now. . . I would stay away from it because that is flimsy ground.” Join Greg Hunter as he goes One-on-One with best-selling author Nomi Prins. Read more
“Every single one of these trends is growing more in our favor. Every. Single. One. Week after week, month after month, these forces are moving inexorably in one direction, and it is the direction I have bet on. THIS is why I can say that the main thing I have learned in the last three years is that the investing worldview which led me to gold and silver is proving to be absolutely spot-on. A tidal wave of fundamentals, macro-forces, and non-reversible trends is slowly building behind my stack, rising up inexorably until the noise and short-term movements (and yes, price manipulation) will inevitably be swamped by a tsunami that will carry everything before it.”
By a long way.
He has executive powers that he has given himself, allowing him to kill anybody at any time, just because somebody “thinks” that there “might” be a reason to do so.
Yet he is not the most powerful man in the world.
What an indictment of the fool on the hill!!!!!
I guess the Beatles had vision.
It keeps going through my head, so I had to put it down in writing.
“The affirmation of the Malloy administration in Connecticut, especially, says Mr. Vanderboegh, raises new questions about what the returning governor is planning to do about gun owners who fail to register their semiautomatic rifles and large magazines under a new law signed by Governor Malloy last year. With Malloy back in office, “the noise that you’re hearing that’s drowning out GOP triumphalism is the ‘snick-snick’ of cleaning rods going through rifles,” Vanderboegh says.”
Is the Smart Money Prepping for an S&P 500 Collapse to 450?
Submitted by Phoenix Capital Research on 11/07/2014 10:26 -0500
Central Banks Institutional Investors Real estate Smart Money
The Fed and other Central Banks have done everything they can to convince investors to buy stocks.
They’ve cut interest rates over 500 times, with some region’s now actually charging depositors for the right to park their cash.
They’ve bought over $10 trillion worth of bonds in varying forms of QE, perverting the price of “risk” across the board with the hope investors would move into risk assets.
It worked for a time. Those who had a lot of money to begin with (the top 0.1%) rode the rally that has seen stocks more than triple from their 2009 lows.
It’s not working anymore. The wealthy and superwealthy are now actively dumping stocks and moving into just about anything else.
Gold bars ($300K+ per unit kind) are selling at a record pace, having risen over 200% from the year before.
The contemporary art market broke above annual sales of $2 billion for the first time in history, rising over 40% from last year.
Luxury real estate sales are hitting new records globally with some projects selling for over $5,000 per sq. foot in London and other cities.
Billionaires are sitting on record amounts of cash. They’d rather earn nothing or even be charged than own stocks.
What does this tell us about the stock market today? If the people who have benefitted the most from this raging bull market are moving OUT of stocks and into literally ANYTHING ELSE including cash, which is currently yielding next to nothing?
Bear in mind, institutional investors have also been net sellers of stocks for all of 2014. And the individuals who know about their companies than anyone (corporate insiders) are unloading shares at a pace not seen since the height of the Tech Bubble?
These people know the gravy train is about to run off the rails and they’re looking for safety. They don’t care if they miss out on another 5% gain in the stock market, they want to get out of stocks NOW.
9 minutes ago
(AP:COPENHAGEN, Denmark) COPENHAGEN, Denmark (AP) — Danish company OW Bunker, the world’s largest ship fuel supplier, has declared bankruptcy and reported two employees at its Singapore subsidiary to the police following fraud allegations.
The company, based in Aalborg, northern Denmark, said Wednesday it had lost around $275 million through a combination of poor risk management and fraud committed by senior executives at its unit Dynamic Oil Trading in Singapore. It didn’t immediately provide more details about the fraud allegations.
OW Bunker owes 13 banks $750 million and cannot survive without new credit, which banks have refused to provide.
Company chairman Niels Henrik Jensen said late Friday the company filed for bankruptcy at a court in Aalborg after it was established that it was “not possible to save the remaining business.”
I have to agree my friend. When the notes come due, they create the $s out of thin air. eg. add to the fiat supply. Inflate one way or another.
They may do it the same way they do today and create fresh new notes or bonds, or they may just create the $s as a computer entry and to hell with the old ways. At some point it won’t matter, it will just be some mechanism to create the $s, because they will never pay off the trillions in debt and hundreds of trillions of unfunded liabilities with taxes, or sales of grubbermint “assets”.
they used to say when Bankers are jumping out of windows think about following them…..there must be money to be made down there !
All this pricing nonsence will stop when ISIS Attacks Saudi Arabia..now that the US no longer needs them…..then watch oil & Gold take off !
when that idiot Clinton and Reubin refinanced all US debt from Long term to short term in order to look like a HERO reducing the then Current Rate Payments enough to look like a Hero in Balancing the Budget …Clintons BUDGET Balancing act was a FRAUD ! The current FED now has to deal with it…All current debt is short term……there is NO inflating it AWAY …Debt to be paid in the FUTURE is paid with inflated dollars …not TODAYS DEBT…! All those F–king idiots that thought Clinton and Reubin were so smart now have to deal with their Fraud….You cant inflate your debt away until you can finance 10,20,30 year Bonds into the future !