World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies” - By Tekoa Da Silva (10/5/13) PDF Print E-mail
Tekoa Da Silva   
Friday, 10 May 2013 08:02

Bull Market Thinking

I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower.

It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption.

During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favour precious metals.

Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [Swiss] systems analysts who used mathematical modelling [shows] how the [world's] 43,000 transnational corporations were being controlled through interlocking corporate directorates. There’s a group of 147 companies, most of them are financial institutions, and what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, and 60% of their earnings…so that group has been using the presidency of the World Bank as kind of a puppet to dominate the world—that’s [now] finished.”

A major shock to that centralized power base, according to Karen, was the recent move by BRICs nations leaders to bypass the World Bank for their financing needs, by establishing their own development bank. “As the BRICs [nations] economic power grows,” she explained, “they’re not going to be strangled anymore through the grabbing [of] their resources…So their decision to start their own development bank was their way of letting [world] governments know…that its time to end this corruption.”



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The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red - By Michael Snyder (9/5/13) PDF Print E-mail
Michael Snyder   
Thursday, 09 May 2013 08:17

The Economic Collapse blog

There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession.  The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story.  If historical patterns hold up, the economy is heading for a very rocky stretch. 

For example, the price of copper is called "Dr. Copper" by many economists because it so accurately forecasts the future direction of the U.S. economy.  And so far this year the price of copper is way down.  But that is not the only indicator that is worrying economists.  Home renovation spending has fallen dramatically, retail spending is crashing in a way not seen since the last recession, manufacturing activity and consumer confidence are both declining, and troubling economic data continues to come pouring out of Asia and Europe. 

So why do U.S. stocks continue to skyrocket?  Will U.S. financial markets be able to continue to be divorced from reality?  Unfortunately, as we have seen so many times in the past, when stocks do catch up with reality they tend to do so very rapidly.  So you better put on your seatbelts because a crash is coming at some point.

But most average Americans are not that concerned with the performance of the stock market.  They just want to be able to go to work, pay the bills and provide for their families.  During the last recession, millions of Americans lost their jobs and millions of Americans lost their homes.  If we have another major recession, that will happen again.  Sadly, it appears that another major recession is quickly approaching.

The following are 12 recession indicators that are flashing red...

#1 The price of copper has traditionally been one of the very best indicators of the future performance of the U.S. economy.  The fact that it is down nearly 20 percent so far this year has many analysts extremely concerned...



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Is The True State Of Affairs That We Are In A Recovery, Or A Recession? - By Congressman Ron Paul (9/5/13) PDF Print E-mail
Congressman Ron Paul   
Thursday, 09 May 2013 08:15

'Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy.  It was a disappointing, but not surprising, move.

The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don't start looking up.  But actually the Fed has already been buying more than the announced $85 billion per month.  Between February and March, the Fed's securities holdings increased $95 billion.  From March to April, they increased $100 billion.  In all, the Fed has pumped more than a half trillion dollars into the economy since announcing its latest round of 'quantitative easing' (QE3) in September 2012.

Although many were up in arms when the Fed said it would buy $600 billion in government debt outright for the previous round, QE2, all seems quiet about the magnitude of QE3 because it doesn't come with huge up-front total price tag.  But by year's end the Fed's balance sheet could hit $4 trillion.

With no recovery in sight, where's all this money going?  It is creating bubbles.  Bubbles in the housing sector, the stock market, and government debt.  The national debt is fast approaching $17 trillion, with the Fed monetizing most of the newly issued debt.  The stock market has been hitting record highs for the past two months as investors seek to capitalize on the Fed's easy money.  After all, as long as the Fed keeps the spigot open, nominal profits are there for the taking.  But this is a house of cards.  Eventually, just like in 2008-2009, the market will discipline the bad actions of the Fed and seek to find the real normal.

In the meantime, real families are suffering.  While Wall Street and the government take advantage of access to the Fed's new 'free' money, the Fed claims there is no inflation.  But who hasn't paid higher prices at the grocery store, the gas pump, for tuition, for insurance?  It's bad enough that household incomes have stagnated, but real purchasing power has declined so much that one in seven Americans, 47.3 million people, are on food stamps.  Five million are collecting unemployment insurance with 21.5 million afflicted by unemployment according to the government's own figures.  That's 13.9 percent -- close to double the 7.5 percent unemployment number reported last week.

We are certainly not in a recovery.  We don't see the long unemployment and soup kitchen lines like in the Great Depression, but that's just because the lines are electronic now.''

*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.



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Fed's Fisher To Santelli: "This Can't Go On Forever" - By Tyler Durden (9/5/13) PDF Print E-mail
Tyler Durden   
Thursday, 09 May 2013 08:12

Zero Hedge

While notably 'not' the Fed's opinion, Dallas Fed head Richard Fisher provided more than a few compellingly truthy comments in this excellent discussion with CNBC's Rick Santelli. It is fiscal policy that is holding us back, he warns, "we have a massive fog here," and despite the extremely accommodation monetary policy, we are not seeing the transmission to job creation."

The "conditions of total uncertainty," mean the politicians are holding us back; but it is when Santelli asks him about the Fed's exit that things get a little uncomfortable, "no central bank anywhere on the planet has the experience of successfully navigating a return home from the place in which we now find ourselves." When pressed he exposes the flaw (much to the chagrin of Kuroda and Bernanke we suspect), "somewhere we have to have practical limits as to where we can build the balance sheet. We're moving in the direction of a $4 trillion balance sheet. We know we can't go on forever."




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MUST-WATCH VIDEO: Interest Rates Apartheid And What You Need To Know Everything About Paper And Physical Gold (8/5/13) PDF Print E-mail
Posted by Administrator   
Wednesday, 08 May 2013 08:17

 

 

 



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