Archive for the ‘Currency’ Category

Barry Sternlicht Warns “Everyone Is Holding Cash Because They Know When It Ends It’s Gonna Get Ugly”…

Posted on 2013 11, 06 by rockingjude

The Fed is playing a very dangerous game,” Starwood Capital’s Barry Sternlicht warns,”and they need to stop.” Sternlicht has quadrupled his firm’s net worth in this time and, to the incredulity of the CNBC anchors, warns, “this is bad, this is a heroine addiction.. and now they are printing more money than the deficit.” The outspoken CEO of the $29 billion fund, noted “all my friends who are money managers.. are much closer to the sell button than they ever were before,” adding that “everyone’s holding cash,” since if they start to get nervous “volatility will come back instantly.” Simply put, he concludes, “you know when this ends, it’s gonna get ugly.”

On Fed QE and investors’ heroin addiction:

they should knock this off. This is bad. This is a heroin addiction. The more you get on it, the worse it’s going to get; the more asset values inflate.”

 

http://www.zerohedge.com/news/2013-11-05/barry-sternlicht-warns-everyone-holding-cash-because-they-know-when-it-ends-its-gonn

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Week in Review: Voodoo Economics and Friends of Imperialism…

Posted on 2013 11, 03 by rockingjude

 

US Attacks Germany’s Economic Policies. Washington Views with Growing Alarm the Emergence of Germany as the Economic Powerhouse of EuropeAndre Damon, November 03, 2013

 

 

 

Bank Of America: “It’s Getting Frothy, Man”…

Posted on 2013 11, 02 by rockingjude

Submitted by Tyler Durden on 11/01/2013 12:09 -0400 When even Bank of America’s Michael Hartnett has a note titled “It’s getting frothy, man“, and joins such other bubble-warners as JPM, Bill Gross, Larry Fink, and David Einhorn, one can be absolutely positive that the Fed will do… absolutely nothing. From Bank of America:

It’s Getting Frothy, Man!   Equity funds: 3rd straight week of big inflows ($12.4bn); YTD, equities have seen $231bn inflows versus a mere $16bn inflows to bond funds (Chart 1)

Frothy man 1_0Global Flow Trading Rule: another $8-9bn of inflows to long-only equity funds over next 2 weeks would trigger a contrarian “sell” signal (Chart 2). Bullish investor flows dovetails with our Bull & Bear Index, which is on course to trigger a cautionary riskoff signal in mid-November    Frothy man_0 Crowded trades: this week investors continue to funnel money into Europe, Japan, HY and Floating-rate debt
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China’s Gold Coup d’Etat…

Posted on 2013 11, 02 by rockingjude

What it means for global gold owners

Special Report

Michael J. Kosares – GoldSeek.com

Editor’s Note: This issue of Review & Outlook is based on a series of posts I made at the USAGOLD blog over the course of the past month. China has imported an unprecedented amount of gold bullion in 2013. So much so, that if it were to maintain the current pace, it would import nearly the equivalent of global production for the year. When the news first filtered out of China on the amounts of gold being mobilized through its Shanghai Gold Exchange, the numbers seemed too large to be believed. The obvious question became “What is the source of this extraordinary amount of gold bullion?” It was only in October when Reuters reported that much of that gold had been shipped from London-based exchange traded funds to Switzerland for refining into smaller Asia-friendly bars and then on to Hong Kong and Shanghai that the full picture came into focus and the extraordinary numbers gained credibility.

Below I detail how the China gold trade mechanism works, the reasons for it, and why China’s interest in gold is likely to remain of paramount importance to the global market for many years to come. I have updated the original statistics from recently posted reports at the Koos Jansen website based in the Netherlands — a research source specializing in the China gold trade. To stay abreast of the China situation as well as other developments in the gold market on a daily basis, I invite you to visit our blog page linked above.

Part One – The London-Zurich-Hong Kong-Shanghai gold conduit 

According to a recent Reuters report, the United Kingdom’s gold exports to Switzerland jumped from 85 tonnes to 1,016 tonnes in the first eight months of 2013 — a twelve times increase. Some bullion market watchers attribute the huge increase to withdrawals or sales from exchange traded funds (ETFs) — an explanation that covers only half the story…….if that. When one learns where this gold ended up and why it went there, the true importance of this unusually large deployment begins to take shape.

The Speculative Endgame: The Government “Shutdown” and “Debt Default”, A Multibillion Bonanza for Wall Street…

Posted on 2013 10, 25 by rockingjude
Global Research, October 16, 2013

A wave of speculative activity is sweeping major markets.

The uncertainty regarding the shutdown and “debt default” constitutes a golden opportunity for “institutional speculators”. Those who have reliable “inside information” regarding the complex outcome of the legislative process are slated to make billions of dollars in windfall gains.

Speculative Bonanza

Several overlapping political and economic agendas are unfolding. In a previous article, we examined the debt default saga in relation to the eventual privatization of important components of the federal State system.

While Wall Street exerts a decisive influence on policy and legislation pertaining to the government shutdown, these same major financial institutions also control the movement of currency markets, commodity and stock markets through large scale operations in derivative trade.

Most of the key actors in the US Congress and the Senate involved in the shutdown debate are controlled by powerful corporate lobby groups acting directly or indirectly on behalf of Wall Street. Major interests on Wall Street are not only in a position to influence the results of the Congressional process, they also have “inside information” or prior knowledge of the chronology and outcome of the government shutdown impasse.

They are slated to make billions of dollars in windfall profits in speculative activities which are “secure” assuming that they are in a position to exert their influence on relevant policy outcomes.

It should be noted, however, that there are important divisions both within the US Congress as well as within the financial establishment. The latter are marked by the confrontation and rivalry of major banking conglomerates.

These divisions will have an impact on speculative movements and counter movements in the stock, money and commodity markets. What we are dealing with is “financial warfare”. The latter is by no means limited to Wall Street, Chinese, Russian and Japanese financial institutions (among others) will also be involved in the speculative endgame.

Speculative movements based on inside information, therefore, could potentially go in different directions. What market outcomes are being sought by rival banking institutions? Having inside information on the actions of major banking competitors is an important element in the waging of major speculative operations.

Findings & Forecasts 04/10/2013…

Posted on 2013 05, 03 by rockingjude
Image representing IBM as depicted in CrunchBase

Image via CrunchBase

Findings & Forecasts 04/10/2013

Economy

In his classic book Nine­teen Eighty-Four, George Orwell invented and per­fected the psy­cho­log­ical notion of “dou­ble­think.” That is, simul­ta­ne­ously believing two con­tra­dic­tory ideas or opin­ions. Orwell’s Min­istry of Truth building dis­played slo­gans like “War is Peace,” “Freedom is Slavery,” and “Igno­rance is Strength.”

“The power of holding two con­tra­dic­tory beliefs in one’s mind simul­ta­ne­ously, and accepting both of them… To tell delib­erate lies while gen­uinely believing in them, to forget any fact that has become incon­ve­nient, and then, when it becomes nec­es­sary again, to draw it back from oblivion for just as long as it is needed, to deny the exis­tence of objec­tive reality and all the while to take account of the reality which one denies – all this is indis­pens­ably nec­es­sary. Even in using the word dou­ble­think it is nec­es­sary to exer­cise dou­ble­think. For by using the word one admits that one is tam­pering with reality; by a fresh act of dou­ble­think one erases this knowl­edge; and so on indef­i­nitely, with the lie always one leap ahead of the truth.” (Orwell, George 1949. Nine­teen Eighty-Four;  p 32)

In America today, dou­ble­think is prac­ticed with fine pre­ci­sion at the national level. People who give up and drop out of the work force  become “unper­sons” and are not heard of or from again; but according to the gov­ern­ment, “the economy is fine and unem­ploy­ment is falling.” Con­tinued global mil­i­tary action is con­ducted in the name of “peace.” The onslaught of never-ending cit­izen sur­veil­lance is for our “safety and secu­rity.” Thought police mon­itor inten­tions, resulting in the destruc­tion of rep­u­ta­tions and liveli­hoods. The “Min­istry of Pro­pa­ganda” is never wrong and cit­i­zens are never right.

Orwell, H.G. Wells (Things to Come) and Aldous Huxley (Brave New World) all penned their respec­tive future­casts while looking straight into the face of the Amer­ican Tech­noc­racy move­ment. The move­ment as a move­ment failed soon after it started, but only because the tech­nology did not exist yet that could enforce and sus­tain their utopian dreams. Those dreamers – and their dreams – con­tinue to live on from gen­er­a­tion to gen­er­a­tion, encour­aged by gar­gan­tuan advances in technology.

How Aмеяiкa Is Evolving Into a Fascist State…

Posted on 2012 09, 30 by rockingjude

julesmanson.com

It is no measure of health to be well adjusted to a profoundly sick society.

 – Jiddu Krishnamurti (1895 – 1986)

Abstract I: Intent of this Article

With all the patriotic, good government, world beacon of freedom and democracy, and America is the greatest nation propaganda that Americans are indoctrinated with since childhood; most are hard-pressed to face the reality that the United States is now exhibiting striking attributes that it is sinking toward a closed fascist society. – Image courtesy of antemedius.com.

I need to stress three points about this article. Please recognize that it is an editorial and an analysis of current affairs. This means you will not see referenced citations for all points discussed because most facts are well established in the historical record and therefore not in dispute. However, plentiful links and embedded videos by credible and independent sources are provided that inspired some of the content and analysis.

The purpose of this article is not to repeat the facts and news stories of other texts and articles. The intent is to illustrate the true nature of the United States government by using freely available information to connect the dots in a way that may not have been considered before.

Abstract II: Defining Fascism

The new face of fascism isn’t necessarily white anymore. It may come in different flavors however it is still served in the similar cold dish of collectivism with the main course a government by the people for the government for the corporation. And, we the people always pick up the tab. Perhaps there is such a thing as a “free lunch,” for the very lucky few. – Image by unknown.

Secondly, what is fascism? Although I may have difficulty defining it I know it when I see it. However it is always best to begin with the dictionary definition to determine if it reflects what we are seeing today. Dictionary.com defines fascism as:

(sometimes initial capital letter) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.

This of course is the traditional meaning of fascism as racism does not play a key role in American fascism. Moreover, the dictator is not a single person but a group of elite or ruling class despots all working together for their own interests. For a thorough definition please visit the Wikipedia definition for fascism.

The primary element of any fascist state is collectivism. It places a higher value on the concerns of the group over the rights of the individual. Thus the needs or even life of any single human being or all people of any smaller group can be sacrificed for the greater good. However, this term is really just a misnomer because it is almost solely applied by those who drive public policy to serve their own hidden illicit agendas.

Thus American fascism is rooted in the trading of other people’s wealth and liberty by those in power in exchange for personal gain and it is done without the consent or knowledge of those being compromised. A paraphrase from the Gettysburg Address nicely packages democracy (and freedom) – a government by the people for the people. With traditional fascism we have a government by the people for the government. With contemporary American fascism government becomes a conduit for a third party – a government by the people for the government for the corporation.

Congressman Ron Paul (R-Tx) describes American fascism as soft fascism. This is also known as corporatism. This means fascism is a spectrum with the most extreme form being that of Benito Mussolini’s Italy, Hitler’s Germany, or Stalin’s Soviet Union.

To prove that the United States reflects many traits of traditional fascism this article will reveal how all people are manipulated with questionable principles to support public policies that are harmful to society; demonstrate how our elected leaders are eroding our civil rights; disclose how the government is managed by an elite class of despots through corporatism, other private interests such as labor unions, and because of foreign interests such as the Israel lobby (AIPAC) and European banks; and advance why democracy is very limited to anemic representation in Washington and other levels of government.

Others have taken a point by point approach and these also inspired my analysis. These are very good for a quick overview but they do not examine how the collective mind of the public is systematically shaped to support public policies that lean toward fascism.

It is dire to correct this before it becomes too deep otherwise just like Third Reich Germany, there is a possibility of history repeating itself and we may have reached a point of no return. I sincerely hope my analysis will motivate readers to take effective action whatever form that may take.

The following embedded video is of the whole interview of Ron Paul on NBC’s Meet The Press with Tim Russert. Before moving on it is important to note that most republics (states) now exhibit a sort of states-level soft fascism through labor unions who represent government workers.

Abstract III: Two Examples from History

Illuminati Convert To Islam Issues Warning …Let’s make this Even Steven…

Posted on 2012 07, 14 by rockingjude

 

English: One Dollar with the owl of the Illuminati

English: One Dollar with the owl of the Illuminati (Photo credit: Wikipedia)

Illuminati definition: 

Illuminati – the Illuminati is a secret orginazation of the most powerful and influential elite in the world. They go back for centuries and maintain the same bloodlines. They set up the council on foreign relations,the bilderberg group and the tri-laterial commission. Those 3 groups all meet to plan the fate of the world. They consists of international bankers,top government officials,leaders in the energy cartel and media monopoly owners and have control over the U.N. and Unesco. Their subdivisions reach into everyones daily life without most sheeple even being aware of it. They also have ties to the freemasons,skull and bones, and the knights templar.Their ultimate goal is for a one world government which they will control,also a one world currency, and they want control and ownership of all land, property, resources and people. Also they manipulate political parties,and the legal and illigal drug trade and federal agencies related to all matters listed above.

 Taken from urbandictionary.com       One needs to read about Zagami below this article~jude

By Henry Makow PhD
1-7-7

At the New Year, Leo Zagami, 36, has an urgent message.

The Illuminati plan to “Nazify” the West by the year 2012 and persecute all believers in God, using the pretext of war, terror and economic collapse.

The scion of an ancient Illuminati family, Zagami had a religious conversion (to Islam) last June and rebelled. He’d had enough of the horrifying Satanic, black magic rituals, mind control and torture that was going on inside the lodges, behind closed doors.

On Saturday he posted on his web site Illuminati Confessions ~[Website Taken Down]~jude

http://www.illuminaticonfessions.webfriend.it/#news1 names of high ranking Masons who are ready to do battle with the Satanists. He has organized his own security detail and even posted a personal phone number to answer serious questioners about his sincerity.

“These are the end times; it’s no joke,” Zagami says in an January 3 interview on his website.

“The cosmic alignment on the 21st of December 2012 gives you 6 years to prepare… So its about time you all wake up and fight for your right to stay free under one God before they take complete control and start persecuting the true believers in the one God. Get your swords and get ready to fight to defend your faith or perish. This is a war against Satan so please wake up in the western countries or you might wake up in a nightmare one morning in December 2012.”

“From 2010 you will start feeling the big changes in the air more and more but in 2012 you will have the clear evidence of the end of this civilization in front of your eyes.the total NAZIFICATION of the western countries by 2010 before the economic situation starts to badly crack for everyone. Then social tension will hit a peak never seen before and internal conflicts could eventually become in 2012: CIVIL WAR!”

“Are you ready to die for God and your believe in a positive change for the world or are you all a bunch of cowards in the hands of the devil, just talking and talking with no sense of reality?”

As an ex-member of the Comitato Esecutivo Massonico – Masonic Executive Committee (MEC) of Monte Carlo, Zagami was, until recently, a true insider, a 33rd degree Freemason, and a high-member of the infamous Freemasonic P2 (Propaganda 2) Lodge. He was the “prince”, prepared to take over from the older Illuminati “king”, Licio Gelli.

Time to Storm Obama and Washington D.C.?…

Posted on 2012 07, 14 by rockingjude

Condoleezza Rice: “It is time for all of us, in any way we can, to mobilize, get our act together, and storm Washington D.C.”

Condoleezza Rice 2007, 2006, 2005, & 2004 (Fin...

Condoleezza Rice 2007, 2006, 2005, & 2004 (Finalist in 2008) (Photo credit: Wikipedia)

By Sher Zieve  Friday, July 13, 2012

I am in extremely fine company. On 18 June 2012, I wrote in my column “Obama Dictatorship Now Overtly Lawless…Congress Largely Yawns”: “We have almost completely lost our country to the Marxist/Islamic ruler currently ensconced in OUR White House, folks.

It’s inordinately clear that Congress will do nothing. Only We-the-People can stop this. Isn’t it time for a REAL Million Patriot + march on Washington D.C.? If we don’t take back our country no one else will…no one. Obama and his illegal government are now completely criminal and, apparently, in total control of us all.”

Now recently, during a rousing speech given to donors at a Romney campaign event in Park City, Utah, former Secretary of State Condoleezza Rice said: “It is a narrative that is being pushed by our current president, that ‘I’m doing poorly because you’re doing well,’” she said. “That has never been the American narrative. Ours has never been a narrative of aggrievement and ours has never been a narrative of entitlement. It is time for all of us, in any way we can, to mobilize, get our act together, and storm Washington D.C.”

The Eurozone Crisis: What we should do?….

Posted on 2012 07, 13 by rockingjude

Posted on 13 July 2012 by Cameron Rae

We are in the midst of one of the most complex and potentially devastating economic crises in European history. Having been going on for over two years now, reading and writing about it seems a tired conquest; and yet, there is little else as economically important as the continuing saga of the Eurozone crises. Every new development provides a glimpse of a myriad of different futures – it’s political quantum mechanics.

The fall of Sarkozy proved to be a game-changing event, breaking up the Franco-German austerity alliance. It’s impacted Merkel’s ability to impose strict controls on failing economies seeking bailouts and has tipped the balance in favour of large, struggling powerhouses like Italy and Spain who favour austerity, but on their own terms. At times a Greek exit looks inevitable.


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