http://nftrh.com/2015/06/26/usd-daily-weekly-monthly-conclusions/

knukles

Classic flight to quality panic time.
Now we’ll get to see the true measures of Central Bank manipulations, for they’re gonna want to pump stocks and slam gold. Flight to quality, any port in the storm. And why not one would say, let the market’s open, assess the magnitued of the damages and then act “accordingly”.
I’ll guarantee you that Kevin et al and the boys at the BoE, BIS, etc., are already at their desks.

Pizza!

This is going to be the classic sit back and watch the CB muscle and Propaganda time.

Enjoy, my friends.

Have one for me, Kaiser.

BTW, I’d help out with the Z$ 10,000,000,000,000,000,000 but I just gave that amount, my very last, away to some guy in Nigeria who keeps sending me faxes.

BTW2, word association: Crowded theater … Fire!

Sun, 06/28/2015 – 18:40 | 6246635  RockyRacoon

All the indices are bouncing hard off those opening bottoms/tops. 1 to 2 percent is puffery. BTFD is alive and well…. even if the PPT has to do all the heavy lifting.

http://finviz.com/futures_charts.ashx?t=ALL&p=m5

NDXTrader

Massive buy blocks coming into S&P Futs. Either central banks or hedgies with some money to burn. Nothing would surprise me, including being green by 9:30 am. What would stop them from doing it?

My guess is that the Fed wouldn’t mind a little correction here. Blame Greece and not an interest rate hike. But tomorrow is the last day of the quarter to grab the 20 of the 2/20

but sorry, up$12 is the cap. I’d be willing to bet the DOW goes positive by noon tomorrow and pm’s are back down again – UNLESS…..bond markets get slaughtered…in that case, all bets are off.

For now though, everything seems wells contained, it’s all good. 🙁

Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday

“old drachmas” I’d bid a whole lot for them! A whole lotta nothing! 🙂

Greece to shut banks and stock exchange on Monday as crisis deepens

Submitted by cpowell on 10:47AM ET Sunday, June 28, 2015. Section: Daily Dispatches
By Lefteris Papadimas and John O’Donnell
Reuters
Sunday, June 28, 2015

Greece’s banks and stock exchange will be shut on Monday after creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff with the European Union and the International Monetary Fund to a dangerous new level. …

The head of Piraeus Bank, one of Greece’s top four banks, speaking after a meeting of the country’s financial stability council, said banks would be shut on Monday while a financial industry source told Reuters the Athens stock exchange would not open.

Our dear leader loves to use the word “folks”….yes, he is so folksy….also change we can believe in…in fact, he cares so much for the folks, he has made a huge effort to rush thru-in secrecy–the trans pacific partnership and other folks oriented trade deals that will ship more jobs abroad and close more factories

He wants to just feather his nest so that after he leaves the white house he can get paid 1/2 a mill for a speech or a mill for sitting on a corporate board…who can blame him….it’s every man for himself these days…

Greek bank runs…

I have some old Drachma I saved from 1974.

What am I bid…?     🙂

World Is Defenseless Against Next Financial Crisis, BIS Warns

By Peter Spence
The Telegraph, London
Sunday, June 28, 2015

http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defen…

The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned.

The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report:

http://www.bis.org/publ/arpdf/ar2015e.htm

The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.

These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.

China Challenges Gold Price-Setting Regime; Confirms Launch Of Yuan-Denominated Fix

http://tinyurl.com/nqlgeo2

Interesting Libya facts … contrasting with chaos now!

Yesterday, as you know, five justices on the SCOTUS redefined what marriage is in America and also found the time to violate the concept of federalism. They decided that an individual’s behavioral choice was grounds to create a new “right” in the U.S. Constitution. Now of course there are those of you who are somewhat despondent, but just know that in every storm there is a rainbow — quite sure y’all get my tongue-in-cheek comment. Yep, since now the SCOTUS has determined it can bequeath a right to marriage across all 50 states, there is an interesting point to be made.

As reported by BearingArms.com, “If you’re following any of the various media outlets this morning, you’re probably aware that the U.S. Supreme Court has just extended gay marriage to all 50 states. The Supreme Court ruled Friday that same-sex couples have a right to marry nationwide, in a historic decision that invalidates gay marriage bans in more than a dozen states. Gay and lesbian couples already can marry in 36 states and the District of Columbia. The court’s ruling on Friday means the remaining 14 states, in the South and Midwest, will have to stop enforcing their bans on same-sex marriage. The outcome is the culmination of two decades of Supreme Court litigation over marriage, and gay rights generally.”

The Court used Section 1 of the Fourteen Amendment to justify its argument, which reads: Amendment XIV Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law, which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

Now here is the kicker, as the writer articulately brings to light: “By using the Constitution in such a manner, the Court argues that the Due Process Clause extends “certain personal choices central to individual dignity and autonomy” accepted in a majority of states across the state lines of a handful of states that still banned the practice. The vast majority of states are “shall issue” on the matter of issuing concealed carry permits, and enjoy reciprocity with a large number of other states. My North Carolina concealed carry permit, for example, was recognized yesterday as being valid in 36 states, which just so happened to be the number of states in which gay marriage was legal yesterday. But 14 states did not recognize my concealed carry permit yesterday. Today they must.

Using the same “due process clause” argument as the Supreme Court just applied to gay marriage, my concealed carry permit must now be recognized as valid in all 50 states and the District of Columbia.“

Yes folks, there is a standing right called the Second Amendment, which grants the right to keep and bear arms, and that specifically granted right shall not be infringed. So, the SCOTUS does not need to have a court case and prolonged legal, judicial activism — that right exists.

So, since I have moved from Florida to Texas, my concealed weapons permit is not only transferrable here, but all across the country, in all fifty states — or fifty-seven if you are President Obama. Yeehaw! Thanks to the LGBT community for making it very clear, my constitutionally declared right MUST be recognized in every state. Not only is it my right to keep and bear my arms (weapons) but that personal choice is central to my individual dignity and autonomy — the protection of the unalienable rights granted to me by the Creator, the first of which is life. Hot doggone, I just cannot wait to hear the liberal progressive socialist anti-gun argument against this premise — which is now established!

Perhaps I should probably remind folks of some of the quotes of the Founding Fathers on the Second Amendment:

“Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!” — Benjamin Franklin

“I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them.” — George Mason

“No free government was ever founded, or ever preserved its liberty, without uniting the characters of the citizen and soldier in those destined for the defense of the state…such area well-regulated militia, composed of the freeholders, citizen and husbandman, who take up arms to preserve their property, as individuals, and their rights as freemen.” — Richard Henry Lee

“[W]hat country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms.” — Thomas Jefferson

“A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent on others for essential, particularly for military, supplies.” — George Washington

“An armed person is a citizen, and unarmed person is a subject” — Allen B. West…I know, I’m just a regular fella, but just thought I’d sneak this one in.

Now, I suppose someone will say the words of Franklin, Mason, Lee, Jefferson, and Washington are invalid because of some lame excuse like — “ya know they owned slaves.” But the point is simple and easy to comprehend. If the SCOTUS could create a right that is truly non-existent in the Constitution using the 14th Amendment, then it seems reasonable and logical to use the same Due Process Clause of the 14th Amendment and equal protection to extend the concealed carry right to all 50 states.

So here is the call to action: since we are coming up on our 239th Independence Day celebration, let’s all call the White House and inform them that we CCL owners are going to be traveling for the Independence Day holiday and we plan on carrying our weapons wherever the heck we please. And if anyone decides to stop an American citizen and challenge his or her Second Amendment right, then let’s discuss the violation of federalism by the SCOTUS mandating same-sex marriage. As a matter of fact, we expect the ATF to start issuing NATIONAL CCL cards to all of us who are current holders of valid CCLs — heck, we know the DHS is planning on printing ID cards for illegal immigrants.

Therefore, celebrate your 4th of July knowing that the SCOTUS just solidified our right to keep and bear arms — and that no state has the “right” to infringe upon our Second Amendment right. If the violation of federalism works ok for LGBTs — then it works well for gun owners!

Yeehaw!

More than a third of Greek ATMs run dry for a while on Saturday

By George Georgiopoulos and Lefteris Papadimas

ATHENS (Reuters) – More than a third of automated teller machines across Greece ran out of cash on Saturday before they were replenished as Greeks pulled out money on fears their country was set to crash out of the euro, three banking sources said.

Anxious Greeks lined up outside ATMs after Prime Minister Alexis Tsipras made a surprise call for a referendum on austerity terms demanded by lenders, throwing talks with lenders in disarray and putting Greece on the verge of a default.

About 35 percent of the ATM network – some 2,000 out of the 5,500 ATMs across Greece – ran out of euro banknotes at one point during the day and were being replenished, the bankers said. Banks were working in coordination with the central bank to keep the network fed with cash, they said.

Replenishing ATMs usually takes one to two hours per ATM, leading to the long lines, one banking source said.

Around 600 million euros was withdrawn from the banking system on Saturday, one senior banker at one of Greece’s four big lenders told Reuters. A second banker estimated the outflow at more than 500 million euros

more https://ca.news.yahoo.com/more-third-greek-atms-run-dry-while-saturday-185023923–sector.html

dictators ran the country–despite all the faults of the old regimes, they had a safe civil society–running water-healthcare-food, ‘electric and schools

The U.S. does not understand that tribal/multi-ethnic states need a strong man–like Tito was….Gadaffi’s crime was nationalizing its own oil and spending on its citizens–so was el jefe’s crime in Venezuela…

Was Libya better under the rule of Gaddafi?

Facts about Libya under Gaddafi that you probably did not know about !

Here are some Facts you probably do not know about Libya under Muammar Gaddafi:
• There was no electricity bills in Libya; electricity is free … for all its citizens.
• There was no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
• If a Libyan is unable to find employment after graduation, the state would pay the average salary of the profession as if he or she is employed until employment is found.
• Should Libyans want to take up a farming career, they receive farm land, a house, equipment, seed and livestock to kick start their farms –this was all for free.
• Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country.
• A home was considered a human right in Libya. (In Qaddafi’s Green Book it states: “The house is a basic need of both the individual and the family, therefore it should not be owned by others.”)
• All newlyweds in Libya would receive 60,000 Dinar (US$ 50,000 ) by the government to buy their first apartment so to help start a family.
• A portion of Libyan oil sales is or was credited directly to the bank accounts of all Libyan citizens.
• A mother who gives birth to a child would receive US $5,000.
• When a Libyan buys a car, the government would subsidizes 50% of the price.
• The price of petrol in Libya was $0.14 per liter.
• For $ 0.15, a Libyan local could purchase 40 loaves of bread.
• Education and medical treatments was all free in Libya. Libya can boast one of the finest health care systems in the Arab and African World. All people have access to doctors, hospitals, clinics and medicines, completely free of charge.
• If Libyans cannot find the education or medical facilities they need in Libya, the government would fund them to go abroad for it – not only free but they get US $2,300/month accommodation and car allowance.
• 25% of Libyans have a university degree. Before Gaddafi only 25% of Libyans were literate. Today the figure is 87%.
• Libya had no external debt and its reserves amount to $150 billion – though much of this is now frozen globally.

Source: Facts About Libya Under Gaddafi That You Probably Did Not Know About ! – Foreign Affairs – Nairaland

I am not claiming this facts are true, just pointing out the link.

Thanks for the Celente video, I love that guy!

[I’ve been hearing these arguments for the past 20 yrs–AND THEY ARE RIGHT-we should just live long enough…]

What Would Happen If Mainstream Investors Discovered Gold?

by John Rubino on June 7, 2015 ·

China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for cash (because they don’t understand monetary history).

But what if they changed their minds? From Chapter 21 of The Money Bubble: What To Do Before It Pops:

The fact that the East stands ready to buy all their gold at late-2013 exchange rates presents developed-world central banks with a dilemma: They can continue their manipulation, in which case they will soon run out of metal. Or they can step back – like they did when the London Gold Pool collapsed in 1968 – and let market forces choose an exchange rate, which will almost certainly be far higher than at present.

To understand how quickly and dramatically the latter scenario might play out, consider the current asset base of the money management industry. Most of the world’s approximately $100 trillion of liquid wealth is overseen by mutual funds, hedge funds, insurance companies, sovereign wealth funds and pension funds. And they own virtually no gold.

Shayne McGuire, head of global research at the Teacher Retirement System of Texas, estimates that pension funds, for instance, have allocated about 1/3 of one percent of their $30 trillion of assets to gold. If they were to up their exposure to just one percent (still extremely low) that would represent new demand for about $200 billion worth of gold, or about 4,700 tonnes at the metal’s late-2013 exchange rate. That’s more than 5-times the weight of gold that now resides in GLD, the biggest gold ETF, and about 125 percent of the late-2013 market capitalization of the entire gold mining sector. If pension funds allocate five percent of their assets to gold – which is still modest when viewed against historical records – the resulting $1.4 trillion increase in demand would overwhelm the market, virtually guaranteeing the kinds of defaults and shortages that almost took place in early 2013.

Find a CFP® Professional Today.

And that’s just pension funds. The other institutional investors mentioned above have $70 trillion under management and also own very little gold. A one-percent swing in their allocation would send another $700 billion into this small, thin, already-out-of-balance market, further destabilizing it.

This shift in demand alone would be enough to change the industry’s perspective on gold from “ignore” to “get some before the quarterly reporting deadline.” Toss in a default by a major metals exchange or an announcement by China that its reserves are actually 4,000 tonnes and it intends to back the yuan with gold and use it instead of the dollar for international trade, and the combination of renewed interest in gold and loss of faith in the dollar would send the gold/dollar exchange rate soaring.

http://dollarcollapse.com/precious-metals/what-would-happen-if-mainstream-investors-discovered-gold/

45 Declared Goals

Congressional Record (1963)

This week we got hit by number (26)

Present homosexuality, degeneracy and promiscuity as normal, natural, healthy.”

http://www.rense.com/general32/americ.htm

Starts at 5:50 min mark

https://youtu.be/mtjXC0RvcgA

Obama is just a spokesperson, or representative of global influences, well groomed, and very good at his job. Bringing attention to incorrect places. Diversionary tactics its called. They ALWAYS re-direct peoples attention to the wrong places.

The global powers are losing it. Everything they accomplished was a square peg rammed into a round hole, a Rub Goldberg, glopita glopity machine, and they are proud of it.

I read the whole thing, and responded to Bill Holter, shown below.

Bill,

I just finished reading your thought provoking essay. Some food for thought you might like. I’ve watching “the situation” very intently, constantly, since about 1964. No time to tell you everything, but briefly…

Regarding a few of your “WE” s’?

“We have pushed and shoved our way around for years while losing friends and not influencing people”.
“we have succeeded in isolating ourselves ”
“We have been in a bad position for at least 15 years, our manufacturing base is gone.”
(15? More like since the 1971 gold de-peg that “we” did not want)

Bill, try to remember and keep in mind…”WE” are not really ‘we’.

We, patriotic Americans did not do anything bad to ourselves. Think about WW I, the depression, Gold confiscation in ’34, gleaning funds to fight, invest in, WW II, Korea, Vietnam, deindustrialization, mass immigration, lower living standards etc.

The only good high living standard years “THEY” unwittingly or purposely gave us, (like China today) were the years 1945 to 1975.

“We” actually don’t have our own private domestic gov’t anymore after 1913. We have someone else’s gov’t. No domestic gov’t would do to its own people what this one did. Like the Indian Chief that accepted $35 worth of trinkets for Manhattan Island without telling the tribe. Unelected global special interest influences.

Regarding the high volume contracts, I’ve often seen very high volume bars at or on stock chart turning points. Regarding all the odd ball things, I’ve noticed, look for signs, practically everything from the 1945 to 2008 era is in reverse.

Integration, globally, of financial systems, banks, labor, races, religions etc was a big mistake. And its all reversing. I KNEW it long ago and could not do a thing about it. Getting rid of Saddam Hussein for only one example shows the obnoxious stupidity of the master planners.

Also, the US Dollar is not REALLY a US Dollar anymore, its a global Fed Note Dollar.

“China” is not really “China” either. Think about it. “China” did not wake up one morning and say “we are going to be vendor of the world.” Global powers made them what they are. “Japan” too, same thing. Their good years were ’45 to ’89.

Also, deflation can be good for Gold, because deflation, and low rates, shows ineptness or mismanagement with the financial system.

Best regards,
Mr. Copper