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Keyword: goldbugs

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  • Gold prices plummet to 6-year low

    11/28/2015 11:20:36 AM PST · by BenLurkin · 59 replies
    upi ^ | Nov. 28, 2015 at 1:55 PM | marilynn malara
    Due to what industry analysts say is a strengthening U.S. dollar, an expected rate hike from the Federal Reserve and an apparent Chinese stock market slump, the precious metal's prices temporarily fell to a longtime low of $1,051 an ounce. The commodity's price closed at $1,055.90 on the New York Mercantile Friday, CNN reports. The price indicates gold's decline in popularity since reaching its highest price of $1,890 in 2011.
  • Doubters question 'strange' stock market rebound

    11/06/2015 11:05:02 AM PST · by SkyPilot · 18 replies
    Reuters and Yahoo News ^ | 6 Nov 15 | Alistair Smout and Danilo Masoni
    The double-digit stock-market rebound after a bruising summer has put European shares back into positive territory for the year, but sentiment around the central-bank-fueled rally remains fragile. Weak trading volumes, a so-far disappointing earnings season and a focus on reliable dividend payouts rather than blockbuster growth have all contributed to the view that investors are being sucked into a market updraft rather than enthusiastically betting on a cyclical upturn. Even with European shares getting a fresh lift from a weaker euro on Friday - after U.S. data smashed expectations and fueled bets on tighter U.S. rate policy in contrast with...
  • Steve Forbes: Ted Cruz's Golden Rule

    11/04/2015 12:22:09 PM PST · by Isara · 29 replies
    Forbes ^ | Nov 4, 2015 | Steve Forbes
    LOST AMID all the fireworks in that CNBC debate of the GOP presidential candidates was the answer Texas Senator Ted Cruz gave to a question about the Federal Reserve, advocating that the dollar be tied to gold. Other than Ron Paul, who has long been a gold-standard advocate, and his senator son, Rand, no other presidential candidate has pushed serious monetary reform since yours truly ran 16 years ago. This is stunning, given the immense damage our central bank has inflicted on the U.S. and the global economy. In fact, few economists, politicians or pundits are even aware of the...
  • The smartest economist you've never heard of

    10/04/2015 2:13:49 PM PDT · by SunkenCiv · 10 replies
    Washington Post ^ | Saturday, October 3, 2015 | Steven Pearlstein
    When David Lipton, a promising economist, was finishing his graduate work at Harvard in the early 1980s, he faced one of those potentially life-changing choices. He had one job offer from the International Monetary Fund in Washington, the multinational institution that for 70 years has served as a lender of last resort and dispenser of orthodox economic advice to countries that get into financial trouble. There was also an offer of a teaching job from the University of Virginia. Unsure of which path to take, he turned for advice to an intellectually restless and charismatic assistant professor, a Frenchman named...
  • Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

    09/29/2015 11:25:20 PM PDT · by RC one · 4 replies
    Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi BidOne of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some time.As we outlined in “Why It Really All Comes Down To The Death Of The Petrodollar,” the forced sale of Beijing’s UST reserves is simply the most dramatic example of what Deutsche Bank has called “quantitative tightening.” For years, reserve managers in the world’s emerging economies...
  • Sovereign Debts: How Defaults May Unfold

    09/18/2015 10:14:48 AM PDT · by dontreadthis · 16 replies
    armstrong economics ^ | September 18, 2015 | Martin Armstrong
    In the Middle East, the banks are trying to convince the Gulf States to begin issuing debt even if there is no need to borrow, simply so they have a market to trade. Governments should never listen to bankers for this always becomes a conflict of interest with respect to national debts. The sooner government wakes up to the Sovereign Debt Crisis, the soon their particular country will be saved. When you say we are entering a “Sovereign Debt Crisis”, people automatically assume that debt will just default. Governments NEVER like to admit a mistake, so an outright default may...
  • Crossing Borders with Gold and Silver Coins - a Glimpse of Things to Come

    09/13/2015 8:46:23 AM PDT · by Rockitz · 49 replies
    Internationalman.com ^ | September 2015 | Doug Casey
    It’s well-known that you have to make a declaration if you physically transport $10,000 or more in cash or monetary instruments in or out of the US, or almost any other country; governments collude on these things, often informally. Gold has always been in something of a twilight zone in that regard. It’s no longer officially considered money. So it’s usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they’re worth $50 of currency. But I’ve recently had some disturbing experiences crossing borders with coins....
  • The Central Bankers’ Malodorous War On Savers

    08/28/2015 8:23:19 AM PDT · by PGR88 · 10 replies
    David Stockman's Contra Corner ^ | August 28, 2015 | David Stockman
    To wit, artificial suppression of free market interest rates by the central bank is designed to cause households to borrow more money than they otherwise would in order to spend more than they earn, pure and simple. Its nothing more than a modernized version of the original, crude Keynesian pump-priming theory—–except it dispenses with the inconvenience of getting politicians to approve spending increases and tax cuts in favor of the writ of a small posse of unelected monetary mandarins who run the FOMC and peg money market interest rates at will. But the whole enterprise is a crock. The consumer...
  • This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

    08/23/2015 12:02:51 AM PDT · by Enlightened1 · 59 replies
    The Economic Collapse ^ | 08/21/15 | Michael Snyder
    This 888 point crash comes in the 8th month of our calendar We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a...
  • Sinking currencies point to jitters about emerging economies

    08/22/2015 11:50:18 PM PDT · by Rabin · 3 replies
    myway ^ | Aug 21, 3:18 PM (ET) | PAUL WISEMAN and JOSHUA GOODMAN
    In "emerging markets" worldwide, currencies are falling because "emerging markets" are on the verge of a fall. Hyped until recently, "emerging markets" are now designated casualties of slower growth in "emerging market". Investors worry that the "emerging markets" monster China currency manipulation will surpass the "us lobby" capacity to buy off politically correct response. Many "economists" are confident that the U.S. economy can continue to be milked just like Europe's economy. Even so, the trouble in (non China) "emerging markets" is surprising and unsettling. "It's remarkable Three years ago Lima, was chosen to host an International Monetary Fund's meeting of...
  • Seven dead, 300 hurt as huge blast hits China's Tianjin: reports

    08/12/2015 3:21:56 PM PDT · by Perdogg · 53 replies
    A massive explosion at a warehouse in the northern Chinese port city of Tianjin killed seven people and sent a fireball ripping through the sky, state media reported Thursday. The blast, which could be felt kilometres (miles) away, was triggered when a shipment of explosives detonated in the container where it was being stored, according to the official Xinhua news agency.
  • This Isn't The Time To Ditch Commodities

    08/16/2015 8:44:53 AM PDT · by blam · 10 replies
    BI - The Alliance Bernstein Blog ^ | 8-16-2015 | Michelle Dunstan and Henry S. D'Auria
    Michelle Dunstan and Henry S. D'Auria August. 16, 2015 Commodities haven’t been kind to investors in recent years. But we believe that shifting the frame of reference away from underlying price trends of metals and raw materials can reveal surprising opportunities in select commodity stocks. The MSCI ACWI Commodity Producers Index has declined by 28% from the beginning of 2013 to the end of July 2015. Nonenergy commodities have fared even worse—the MSCI World Metals and Mining Index has dropped nearly 50% over the same period. Prices have plummeted because of concerns about slowing Chinese demand, coupled with continued supply...
  • Gold Jumps After China Reveals It Bought Another 19 Tons In July

    08/14/2015 6:28:06 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 08/14/2015 | Tyler Durden
    One month ago, when everyone suspected that the PBOC's dramatic, 57% jump in gold holdings after a 6 year silence, to a "record" 1658 tons would be a "one-and-done" event, meant to facilitate China's admission into the SDR, we disagreed. This is what we said: ... now that the seal has been finally broken after so many years, and since today's update indicates that Chinese gold numbers are clearly goal-seeked with a specific policy purpose - to boost confidence - we await for the PBOC to start leaking incremental gold holding data every month (and especially in months when...
  • Chinese Devaluation Extends To 3rd Day - Yuan Hits 4 Year Low, Japan Escalates Currency Race

    08/12/2015 9:03:30 PM PDT · by tcrlaf · 32 replies
    Zerohedge ^ | 8-12-2015 | Durden
  • Letter to Editor PREDICTED COLORADO EPA SPILL So EPA Could Secure Superfund Status

    08/12/2015 6:44:52 AM PDT · by Hojczyk · 90 replies
    Gateway Pundit ^ | August 12, 2015 | Jim Hoft
    Last Wednesday, a small EPA-supervised work crew inspecting the Gold King mine accidentally knocked a hole in a waste pit, releasing at least three million gallons of acidic liquid laden with toxic heavy metals. (ABC) This letter to editor, posted below, was published in The Silverton Standard and The Miner local newspaper, authored by a retired geologist, one week before EPA mine spill. The letter detailed verbatim, how EPA officials would foul up the Animas River on purpose in order to secure superfund money. It the Gold King mine was declared a superfund site it would essentially kill future development...
  • EPA Employees Load Obama, Dems With Dough

    08/12/2015 8:54:53 AM PDT · by Hojczyk · 16 replies
    The Daily Caller ^ | August 11, 2015 | KATHRYN WATSON
    Environmental Protection Agency employees are supposed to work in a non-partisan way but that hasn’t kept them from donating more than a quarter of a million dollars to Democrats in recent elections, a Daily News Caller Foundation analysis has found. Data compiled by OpenSecrets.org shows that in the 2012 and 2014 election cycles, contributors who listed EPA as their employer gave 90 percent, or $331,174, of their total federal campaign donations to Democrats, and just nine percent, or $32,891, to Republicans. Those numbers may actually understate the number of EPA employees making political contributions because the analysis doesn’t include those...
  • China Is Hiding 9,500 Tons Of Gold

    08/07/2015 5:26:04 AM PDT · by blam · 15 replies
    BI - Money Week ^ | 8-7-2015 | Dominic Frisby
    Dominic Frisby, MoneyWeek August 7, 2015 How much gold does China have? The question won’t go away, because the answer is vital. The answer could define, in no uncertain terms, how important or irrelevant gold is in the modern world. Is gold obsolete, or does it still have a significant role to play?Today we consider that question, and look once again at China’s gold... Gold – useless shiny pet rock or the very essence of money? Some people argue that gold is just an inert, useless metal, good for little more than jewellery. Its role in finance is as obsolete...
  • India Rising? Modi’s Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    China’s loss is India’s gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra Modi‘s landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modi’s political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • Forget gold, the sugar price collapse is far more dramatic [deflation, not debasing]

    07/22/2015 4:13:03 AM PDT · by expat_panama · 32 replies
    UK Telegraph ^ | 21 Jul 2015 | John Ficenec
    Things are not so sweet for the sugar market. Prices have been tumbling and reached a six-year low on Monday on news that Brazil's cane growers are in for a bumper harvest. But while gold made the headlines, the dramatic fall in the sugar price was widely overlooked, despite closing down 4.4pc, compared with a 2.3pc slump in the price of bullion. Over the past year alone, sugar prices have fallen by a quarter. So why has everything turned sour? Bumper Harvest Monday's sharp price drop was driven by signs that Brazil, the world's biggest producer of sugar, is on...
  • Fifty Years of Debasing Money

    07/21/2015 10:13:21 PM PDT · by george76 · 42 replies
    WSJ ^ | July 21, 2015 | Seth Lipsky
    The Coinage Act of 1965 marked the end of silver coins, contrary to what LBJ promised. July 23 marks the 50th anniversary of the Coinage Act of 1965, which stripped U.S. coins of silver and made legal tender out of base metal slugs. It’s an anniversary that comes at an apt time, as Congress considers monetary reform. ... The anniversary of the 1965 Coinage Act is a reminder of why reform is needed. Speaking from the White House Rose Garden, President Lyndon B. Johnson called the law he signed a “very rare and historic occasion.” It certainly was; it superseded...
  • Gold prices plunge to five-year low

    07/20/2015 8:08:32 AM PDT · by Citizen Zed · 7 replies
    cnn money ^ | 7-20-2015
    Gold plunged to its lowest level in five years on Monday, triggered by heavy selling overnight and signs Chinese demand may be weaker than expected. Prices plunged by as much as $40 an ounce in minutes when Asian markets began trading around 9.30 pm ET on Sunday, before stabilizing in European trade. By 9.15 am ET, the metal was down about 2% at $1,110, having dived below $1,100 -- a level not seen since 2010.
  • U.S. debt headed toward Greek levels [Psalms 9:17]

    07/01/2015 9:11:48 AM PDT · by Jan_Sobieski · 10 replies
    Washington Examiner ^ | 6/30/2015 | Jason Russell
    United States' projected debt over the next 25 years looks a lot like Greece's over the past 25. With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already. A quarter-century ago, Greek debt levels were roughly 75 percent of Greece's economy — about equal to what the U.S. has now. As of 2014, Greek debt...
  • Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

    06/13/2015 2:12:39 PM PDT · by Rockitz · 78 replies
    ZeroHedge.com ^ | 13 Jun 2015 | Tyler Durden
    The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government. From 2011: "The University of Texas Investment Management...
  • Avi Gilburt doubles down: Gold is going to $25,000

    06/12/2015 5:09:07 PM PDT · by ForYourChildren · 33 replies
    MarketWatch ^ | June 12, 2015 | Avi Gilburt
    Last week I wrote a column on MarketWatch that seems to have stirred quite a bit of debate. Within the column, I was pointing to the potential for a multi-decade rally to be seen in the metals and mining stocks. It seems many of you had very strong feelings that this was simply not possible. Over the next few weeks, I will attempt to address the concerns many of you have presented in your comments to my piece.
  • This Is How You "Boost" GDP: US Sells Over $4 Billion In Weapons To Israel, Iran And Saudi Arabia

    05/22/2015 8:42:03 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/22/2015 | Tyler Durden
    War, what's it good for? Aside from countless deaths of innocent civilians of course, it means a GDP boost for the biggest exporter of weapons on earth, the United States, and even more profits for the US military-industrial complex. Profits which mean the shareholders of America's arms manufacturers get even richer. Which is why following months of middle-eastern sabre ratling and numerous quasi-wars already raging in the region, moments ago the U.S. State Department approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in "a major multibillion-dollar modernization of the Saudi...
  • China Retakes Top Spot as the Biggest Foreign Owner of U.S. Debt

    05/16/2015 7:45:29 PM PDT · by Steelfish · 6 replies
    Wall St. J ^ | May 16, 2015 | IAN TALLEY
    China Retakes Top Spot as the Biggest Foreign Owner of U.S. Debt By IAN TALLEY It was a short-lived domination. After just a month of being the top holder of U.S. Treasury debt, Japan has once again been pushed into the No.2 slot as China bulked up on Uncle Sam’s bonds and notes. As we noted last month – and several times before that – Treasury’s data is a rough guesstimate. That makes it hard for analysts sifting through the obscure sheaves of digital data to glean anything but rough trends. It also makes it difficult to draw precise conclusions....
  • Futures Tumble As Yemen War Starts; Oil, Gold Surges

    03/26/2015 4:23:04 AM PDT · by sheikdetailfeather · 5 replies
    Zero Hedge ^ | 3-26-2015 | Tyler Durden
    In a somewhat surprising turn of events, this morning's futures reaction to last night's shocking start of a completely unexpected Yemen proxy war, which has seen an alliance of Gulf State launch an air, and soon land, war against Yemen's Houthi rebels, is what one would expect: down, and down big. This is surprising, because on previous occasions one would expect the NY Fed, or its pet hedge fund, Citadel, or the BOJ or ECB (via the CME's "Central Bank Incentive Program") to aggressively buy ES to prevent a slide, something has changed, and for the BTFDers, that something may...
  • Gold Price $250 Forecast - Dear Harry Dent: Wanna Bet?

    02/19/2015 2:43:10 PM PST · by blam · 56 replies
    TMO ^ | 2-19-2015 | Jeff Clark
    February 18, 2015 Jeff_Clark Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020–2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. (snip) As a gold analyst who’s spent every day of the last seven-plus years watching this market, I can’t let this pass. I’m sure gold...
  • A System Reset Is Imminent...

    02/08/2015 4:40:35 AM PST · by alexmark1917 · 15 replies
    This is not the first time the gold standard has been seen as the ultimate cure for Russia’s economic problems. In September 1998, the noted economist Jude Wanninski predicted in a far-sighted essay for The Wall Street Journal that only a gold ruble would get the the country out of its then-debt crises. It was upon taking office about two years later, in May 2000, that President Putin embarked upon the country’s massive gold-buying campaign. At the time, it took twenty-eight barrels of crude just to buy an ounce of gold. The gold-backed ruble policy of those years was adopted...
  • Chinese farmer finds 7.85kg gold nugget worth $250,000 on the ground

    A herdsman in China’s remote far west has struck gold after stumbling upon a huge nugget of the precious metal estimated to be worth at least $250,000, state media reported Thursday. The 7.85 kilo chunk was discovered “practically lying on bare ground”, the official Xinhua news agency said, quoting the herder, an ethnic Kazakh named Berek Sawut. He found the golden lump, described in the report as “random-shaped” and about 23 centimetres long, 18 centimetres at its widest and up to eight centimetres thick. It was estimated to be worth 1.6m yuan ($255,000), Xinhua said, assuming it was 80 percent...
  • Gold Falls as Haven Demand Squelched by Greek Plans

    02/03/2015 3:34:57 PM PST · by SunkenCiv · 4 replies
    WSJ ^ | Updated Feb. 3, 2015 | Ira Iosebashvili
    Gold prices fell Tuesday, as hopes for an imminent resolution between the new Greek government and its creditors tempered demand for the safe-haven metal. Gold for April delivery, the most actively traded contract, closed down $16.60, or 1.3%, at $1,260.30 a troy ounce on the Comex division of the New York Mercantile Exchange. A Greek official said Tuesday that Athens was working on a "road plan" to lessen the burden of his country's hefty debt pile, and he hoped to have an agreement with Greece's creditors by the beginning of June. The comments led some traders to sell gold, which...
  • When FDR made gold illegal to own for everyday people – At the point of a gun

    01/31/2015 5:10:04 AM PST · by george76 · 82 replies
    Townhall ^ | Jan 31, 2015 | Nick Sorrentino
    FDR, the man who studied Mussolini, who birthed the current intrusive state, who started the drug war in earnest, who put Japanese Americans into concentration camps, who extended the Depression years longer than it needed to be and thereby contributed to the genesis of the Second World War, who tried to pack the Supreme Court, who gave away half of Europe to the Soviets at Yalta, and who confiscated the gold – the real wealth – of the American people. What a guy. And he still has his face on the dime. There is a reason why my grandmother, a...
  • This Is What Gold Does In A Currency Crisis, Euro Edition

    01/23/2015 1:19:26 PM PST · by blam · 18 replies
    Zero Hedge ^ | 1-23-2015 | Tyler Durden
    Tyler Durden 01/23/2015 Submitted by John Rubino via Dollar Collapse blog Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.(snip)
  • Bitcoin price plunges, prompting concerns about ‘mining’ activity

    01/14/2015 11:30:48 AM PST · by BenLurkin · 12 replies
    marketwatch.com ^ | Jan 14, 2015 12:49 p.m. ET | Michael J. Casey
    providers of its core computing infrastructure to shut down operations. The selloff, which appears to have been exacerbated when Asian traders were forced to meet collateral demands under margin trading rules, left bitcoin down 14.49% at $194.04 in the late New York morning Wednesday, following a 15.02% plunge Tuesday, according to news service Coindesk. The digital currency is now down 39% from Dec. 31 alone and is off 83% from the all-time high of $1,165 that it hit at the end of a furious rally in November 2013. ... On Monday, CEX.io, a company that mines bitcoins on behalf of...
  • Merkel ready to let Greece exit eurozone: report

    01/05/2015 12:33:17 AM PST · by Olog-hai · 26 replies
    TheLocal.de ^ | 04 Jan 2015 10:16 GMT+01:00 | (AFP)
    German Chancellor Angela Merkel is prepared to let Greece leave the eurozone if Greeks elect a government that jettisons the country’s current austerity course, according to German media reports. The report in the Der Spiegel daily, which cited sources close to the German government, comes as polls show a radical leftist party leading the field three weeks ahead of a snap election in Greece. The Syriza party of Alexis Tsipras has pledged to reverse reforms imposed by Greece’s international creditors and renegotiate its bailout deal. …
  • Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015

    01/03/2015 6:10:31 PM PST · by SeekAndFind · 8 replies
    TEC ^ | 01/02/2015 | Michael Snyder
    Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash again. The primary reason for this is the price of oil. The energy sector accounts for approximately 15 to 20 percent of the entire junk bond market, and those energy bonds are taking a tremendous beating right now. This panic in energy bonds is infecting the broader high yield debt market,...
  • New York City's harbors house 1,600 bars of silver, and 4-foot-long, wood-eating worms

    07/01/2009 6:58:24 AM PDT · by JoeProBono · 16 replies · 2,168+ views
    news.yahoo ^ | Sun Jun 28 | Chuck Shepherd –
    Using GPS and state-of-the-art sonar, Columbia University researchers recently made the first comprehensive map of the wonders submerged in New York City's harbors. Supplementing those findings with historical data, New York magazine reported the inventory's highlights in May: a 350-foot steamship (downed in 1920), a freight train (derailed in 1865), 1,600 bars of silver (unrecovered since 1903), a fleet of Good Humor ice cream trucks (which form a reef for aquatic life), and so many junked cars near the Brooklyn and Manhattan Bridges that divers use them as underwater navigation points. Of most concern lately, though, are the wildlife: 4-foot-long...
  • They are preparing for you

    12/27/2014 9:45:42 AM PST · by kindred · 41 replies
    conservativenewsandviews.com ^ | December 19, 2014 | Dwight Kehoe
    A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called “The New World Order”. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...
  • Mistrust of Banks Take Over in Russia

    12/27/2014 6:06:20 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 27, 2014 | Mike Shedlock
    In Russia, the overnight lending rates between banks has soared to 19%, a sign of widespread and warranted mistrust between banks, as one bank has failed. To stabilize the situation, Putin is considering bank deposit insurance up to an amount equivalent rate of about $26,000. Meanwhile, and although Russia is still burning through currency reserves, the value of the Ruble has been rising. CNN Money reports Russia Empties the Vault to Prop Up Ruble. So far this year the central bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it...
  • We Live In A New World And The Saudis Are The First To Get It

    12/25/2014 1:52:04 PM PST · by SatinDoll · 38 replies
    The Automatic Earth blog ^ | Dec. 24, 2012 | Raul Ilargi Meijer
    [ Secondary blog source: Tyler Durden / The Zero Hedge / www.zerohedge.com/news/2014-12-24/we-live-new-world-and-saudis-are-first-get-it ] There are many things I don’t understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. I’m the kind of person who can no longer believe that anyone would get excited over a 5% American GDP growth number. Not even with any other details thrown in, just simply a print like that. It’s so completely out of left field and out of proportion that you would think by now at least a few more...
  • The Destruction Of The Middle Class Is Nearing The Final Stages

    12/24/2014 3:11:54 PM PST · by dontreadthis · 112 replies
    zerohedge.com ^ | 12/23/2014 | Tyler Durden
    The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed. At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that...
  • Traders Betting Russia’s Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 26 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 48 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • Gold Roubles - This Is What Gold Does In a Currency Crisis

    12/17/2014 10:39:37 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2014 | John_Rubino
    December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...
  • Diamonds Rained Down During Ice Age

    07/07/2008 2:05:25 PM PDT · by decimon · 42 replies · 439+ views
    Live Science ^ | JUL 7, 2008 | Ker Than
    Diamonds and precious metals found in the eastern United States might have rained down during the last Ice Age after a comet shattered over Canada and set North America ablaze, all leading to a mass die-off of animals and humans. New chemical analyses of diamond, gold and silver found in Ohio and Indiana reveal the minerals were transported there from Canada several thousand years ago. The question is, how?
  • Equities Decouple from Oil

    12/20/2014 10:19:39 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | December 20, 2014 | Charles Payne
    The 419-point move for the Dow +2.4% is the biggest since November 30, 2011. A lot was short covering, but those covering were not mom and pop investors…but sometimes, smart money throws in the towel. Yesterday, the biggest news was not headline news and most market-watchers were not paying attention either. The decoupling of equities from oil is huge; even after a rebound attempt in oil failed and crude tumbled, stocks kept moving higher.This is big stuff. It clears the way for good news on gas to be good news, not a deflationary red flare.Here’s the technical part of our Special...
  • Russia’s Central Bank Purchases 600,000 Troy Ounces of Gold in November

    12/20/2014 7:53:44 AM PST · by dennisw · 25 replies
    caseyresearch ^ | Dec 19 | Ed Steer
    Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High Yesterday, when we reported the latest rumor of Russian gold selling, this time out of SocGen, we said that "it should be noted that SocGen and its "sources" have a conflict: in an indirect way, none other than SocGen is suddenly very interested in Russia stabilizing its economy because as we wrote before, "Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet" which also sent SocGen's default risk higher in recent days. So if all it will take to stabilize...
  • Checkmate: Is Russia Selling Oil For Gold?

    12/19/2014 10:05:33 AM PST · by Strategy · 65 replies
    SilverDoctors ^ | December 19, 2014
    Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future. No matter how strange it may seem, but right now, Putin is selling Russian oil and gas ONLY for physical gold. How long will the West be able to buy oil and gas from Russia in exchange for physical gold? And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
  • Turkey's Erdogan lashes out as lira tumbles

    12/13/2014 6:10:44 AM PST · by SunkenCiv · 14 replies
    Whirled Nut Daily ^ | December 12, 2014 | Daniel Dombey
    ...its lowest levels against the dollar for almost a year, amid investor nervousness about emerging markets. By evening trade in Istanbul the currency had fallen beyond TL2.30 to the US dollar, more than 1 per cent down on the day and the weakest level since January, when the Turkish central bank moved to increase interest rates -- a dramatic shift in policy that at the time halted a precipitous drop in its value. ...Turkey is far from alone in being affected by strong US economic data that has heightened expectations of a US Federal Reserve interest rate rise and so...
  • Deep Space Industries - Mining The Universe For The Future

    12/12/2014 3:44:39 PM PST · by WhiskeyX · 32 replies
    YouTube ^ | Jan 22, 2013 | Deep Space Industries
    The human race is ready to begin harvesting the resources of space both for their use in space and to increase the wealth and prosperity of the entire world. Promotional DSI Video