Tapper: "The Economy Is Getting Better" - By Karl Denninger (16/5/13) PDF Print E-mail
Karl Denninger   
Thursday, 16 May 2013 13:10

Market Ticker

[FF Editorial: This is an excellent example of the application of common sense to dispel the economic trash that is being promoted by the shills of the establishment. Yet, day after day in the mass media such as CNBC we still have the so-called experts screaming that the economy has recovered. Karl Denninger in this short article has just simply demolish their arguments with simple common sense, A Must Read]

Utter crap. (And yes, the misspelling is intentional)


The economy is not getting better.  Europe is withering on the vine and Japan is trying to print its way out of trouble, which is just more of the same from the last 20 years, and which has never worked in any nation throughout history.

In the US if the economy is improving why are there ever-increasing numbers of people on food stamps?

There is only one thing that matters in the end at a personal economic level: Your level of economic surplus.

You get up, you go to work, you get paid some portion of the value you add to the company you work for.  You can't get all of that value add because if you did the company would cease to exist; you thus get some part of the economic surplus of your labor.



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Japan's Sham Currency War - The Hidden Objective Behind Japan's Massive Kamikaze Quantitative Easing - By Matthias Chang (15/5/13) PDF Print E-mail
By Matthias Chang   
Wednesday, 15 May 2013 12:17


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A Brief History Of Cycles And Time – Two Parts - By Eric A (15/5/13) PDF Print E-mail
Eric A   
Wednesday, 15 May 2013 07:36

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Emergency G-7 Meeting: Elite Ready to Pull the Trigger? - By Bill Holte (15/5/13) PDF Print E-mail
Bill Holte   
Wednesday, 15 May 2013 07:32

Miles Franklin Ltd

I for one would love to be a fly on the wall to hear the goings on as I am sure the “outsiders” from the rest of the G-20 would.  The G-7 are the traditional “power” nations, they are also the ones doing the most printing and inflating.  Since the beginning of the Greatest Financial Crisis, these nations have bankrupted themselves the most, printed and borrowed the most and basically “lost power” with their actions.  I might add that these nations of the “West” have also been responsible for Gold being shipped “East”…and thus with it “power”.

So what exactly is being discussed?  We will soon find out (or see the results) but I would imagine that anything and everything pertaining to the “end game” will be touched upon.  Bank weakness and insolvency must be at the top of the list, QE’s lack of traction is also surely up there.  Gold inventories (or lack of) must also surely have been discussed and I would certainly think that currency collapse was on the agenda.  “Currency collapse”, replacement of same and “bank holiday” including “bail ins” were probably all discussed and pre-planned.

Tell me that I am crazy and that none of these topics were broached, the physical metals markets globally are telling me (and them) that they were and that the end game is near.  The question is this, how much longer can inventories supply the outsized demand that has been created by the false and fraudulent “paper” crash of metals pricing?  “We” do not know the answer to this question, “they” do.  “They” know what is really left and whether or not the bottom of the barrel is already in sight.

To the above I would add that here in the U.S. we also have a dangerous week ahead.  The Obama administration is taking huge body blows over the Bhengazi attack last year.  None of the official stories add up and it turns out that orders came from somewhere to “stand down” while Americans were being killed.  I say that this coming week is “dangerous” because “your” attention apparently needs to be altered in a different direction.  The distinct possibility/probability of some sort of false flag event is now off the charts.

I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place.  As time has passed, this looks more and more likely to me as nothing has been done to avoid this scenario.  In fact, the West has simply pressed the accelerator harder and opened the monetary spigots further…with almost zero effect on the real economy.  Stock markets are acting like an early warning signal to a hyperinflation.  Gold and Silver have not been allowed to do this which is why physical inventories have been attacked so fiercely.

Since I am not a fly on the wall and can only speculate until “we find out”, my guess is that the end game is in fact being discussed.  How best to shut the current system down, reboot another one AND retain as much power as possible.  Call me cynical, crazy or whatever, I truly believe that preparations are being discussed here and now “how best” (for them) to close out this current chapter of world finance.  By the way, all of this has been discussed and planned years ahead of time, these are not fools.

The current discussion is merely about pulling the trigger.






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Russia’s Plans For The BRICS To Dismantle The Dolar System - By Valentin Mândrăşescu (15/5/13) PDF Print E-mail
Valentin Mândrăşescu   
Wednesday, 15 May 2013 07:30

Testosteronepit

The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities are priced and traded in dollars, even if most of these commodities are not produced in the US. The fact that the world’s financial system is based on the dollar allows the Federal Reserve to export inflation to other countries, while the Federal Government runs a huge deficit with impunity.

So far, only China has been active in challenging the dollar supremacy. The internationalization of the yuan is an official priority of Chinese leaders. Currency swap agreements with major trade partners like Brazil, France, or Australia are small but important steps in the Chinese strategy. Changing the world financial system is not an easy task and certainly a very challenging undertaking for China. Now, it seems that Beijing has found an ally in the Kremlin. And there appears to be a consensus between the BRICS countries: the urgent necessity to dismantle the dollar system.

A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document which describes the Russian strategy in the context of BRICS cooperation. The document makes for a fascinating read for anyone brave enough to plow through the dense Russian legalese. The strategy has been designed in the “inner circle” of Vladimir Putin’s team, so it is safe to assume that it represents the official view on the BRICS future.

In Russia, politics are Byzantine; the fact that the Kremlin decided not to hide the document or leak it to a chosen few journalists, but publish it outright is a very strong signal, a very vocal angry signal directed at the US. A signal that the Western media chose to ignore.

In the recitals section of the document, the authors point out that “there is a common desire of the BRICS partners to reform the outdated global financial and economic framework that doesn’t take into account the growing economic weight of the emerging markets.” Moreover, the Russian strategists view the BRICS as a tool to reform the way the world is being governed. Then the document hammers home its message:



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