Financial topics

[Higgenbotham]

SPIEGEL: Ms. Reinhart, central banks around the world are flooding the markets with cheap money in order to spur economies and support governments. Are these institutions losing their independence?

Reinhart: No central bank will admit it is keeping rates low to help governments out of their debt crises. But in fact they are bending over backwards to help governments to finance their deficits.

http://www.spiegel.de/international/bus ... 93213.html

Federal Reserve Bank of Atlanta President Dennis Lockhart rebutted critics of the central bank who say its policies are monetizing the national debt or encouraging more deficit spending.

“I object to the view that the Fed is monetizing the debt,” Lockhart said today as part of a panel discussion at the University of Iowa in Iowa City.

Fed officials led by Chairman Ben S. Bernanke have said repeatedly they would not try to monetize debts by increasing money and stimulating inflation.

http://www.bloomberg.com/news/2013-04-1 ... -debt.html

[aedens]

If the same thing were to happen again, all that would have been achieved would be to have introduced an unnecessary disturbance of the pricing structure between inland and foreign trade and, at the margin, between those living off current income and those reliant upon stored past income. Debt would, of course, have climbed inexorably skyward, as would the debt/nominal income ratio.

Conversely, let us not forget that in the comparable act of folly perpetrated by the BOJ when the old Bretton Woods system was collapsing in ruins in the dark days of 1972-3, the Bank allowed the monetary base to jump more than 40% YOY, while M1’s increase again touched 30% YOY. On that occasion, the reaction was anything but muted as CPI shot to a peacetime extreme of 25%YOY and general prices rose by 75% over the next four years. For the record, the nominal 10-year bond yield then shot from 6.4%in late 1972 to 9.7% at the start of 1975 while its real counterpart crashed to minus 16%. A nominal capital loss of around a fifth on a bond bought at the yield lows, compounded by a monetary depreciation of around a third would have cost the hapless Japanese saver almost half his real nest egg.
http://www.zerohedge.com/news/2013-04-1 ... ics-so-far

Matching the current fed twist yeild is all I note and nominal pricing controls to the public.
Bail in as the Corporates already drop 100 basis points on debt

[Reality Check]

European Leaders target Private Homes and other Private Real Estate to fund next Bail Out

http://www.telegraph.co.uk/finance/fina ... -outs.html

Political Leaders of the European Union have used Cyprus to prove it is OK for Governments in Europe to seize private savings and retirements in Banks, for what ever purpose the governments see fit, including allowing the private owners of the savings to actually withdraw up to 300 Euros a day from demand deposit accounts.

Now they are setting their sights on privately owned residences as the next assets to be converted from private to public purposes if more bank bailouts are needed.

Most Europeans ( and U.S. citizens also ) have their life savings tied up in their homes and their retirements accounts, so it makes sense that the government would target both of these.

There is an alleged infamous quote from a depression era bank robber regarding why he robbed banks, when ask he simply replied that is where they keep the money.

Europe has already proved, in Cyprus, it is OK to seize private savings and private retirement accounts and use the monies in such accounts for what ever purpose the government sees fit.

Now they are targeting the only other major assets widely held by their middle class citizens: privately owned homes and other privately owned Real Estate.

In Europe a report was recently released showing the citizens of many southern European countries were richer than Germans because a larger percentage of Southern European citizens owned Real Estate when compared to Germans.

Germans are insisting if the southern European countries want the rich to bail then out, they must start with the wealthy in their own countries who are wealthy enough to actually own Real Estate.

Europe plans to tap that "wealth" to continue funding the never ending bank bail outs. The banks must be "saved" at any cost.

http://www.telegraph.co.uk/finance/fina ... -outs.html

When will the Bank Runs start across Europe ? In the United States ?

[aedens]

TY RC for the links http://www.cnbc.com/id/33242464/The_Wor ... s?slide=16
http://gdxforum.com/forum/viewtopic.php ... 270#p18988

[aedens]

pidgeons.jpg (33.96 KiB) Viewed 3486 times

Being a leveraged outlier has no advantage.

T is correct and no amount whoever changes this.
Point 29 of the EUROPEAN COMMISSION's (not the Cyprus President's) Debt Sustainability Analysis:
Sale of excess gold reserves: The Cypriot authorities have committed to sell the excess amount of gold reserves owned by the Republic.
This is estimated to generate one-off revenues to the state of EUR 0.4 bn via an extraordinary pay-out of central bank profits
Quite simplistic indeed.

http://www.zerohedge.com/news/2013-04-1 ... et-answers
the volume of protection bid - and in this case some interesting names emerge...
https://www.youtube.com/watch?v=gY7RIn4byK0

The revolution is between humanity's ears... and they don't want the responsibility.

Looks like a warm reboot process and most never seen it higg.

Also the idiot press of the day goes to "a sure bet that many who voted Republican want some of Obama's promises to fail."
What a pack of drooling moron's "The Associated Press" There is one party for multi decadal debt serfs and masters you idiots
who lay claim to the same paper claims as the the people suffer under its yoke.

They are educated as we noted correctly so no excuses...that one might ask the question, "Aren't American socialists in favor of their own country's survival?" To answer this question, we must turn to abnormal psychology. Socialism... is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created. Socialism p. 414 Mises

[aedens]

"Only God knows how much we will harvest this season, given the problems, but we are doing our best," farmer Hana Munir said.
Egypt, the world's top wheat importer, aims to cut imports this year by around 10 percent, hoping a bigger home crop and modified storage will help the most populous Arab state keep its 84 million people in low-cost subsidised bread.The country has endured political and economic turmoil since the overthrow of autocratic President Hosni Mubarak in 2011. Foreign reserves have fallen from $30 billion to $13.4 billion - less than three months' imports - raising doubts about the state's ability to import basic foodstuffs such as wheat.
https://duckduckgo.com/?q=copper+reserves+2013
https://duckduckgo.com/?q=2013+wheat+reserves
https://duckduckgo.com/?q=west+coast+20 ... +shortages
West coast still on watch for shortages and still needs paying attention.

http://news.yahoo.com/farmers-egypts-wh ... 49606.html

http://news.yahoo.com/scientists-antarc ... 18343.html
Last time this happened the deep current ocean salinity ratio changed and effects to few remember
and studied. HMS weather reading with arbor ring surveys and the deep current changed leading to the effects we already
have studied when the deep current ceased to deposit into the Indian ocean as before. The current climate change statist
are numb to what we already know. We already noted the methane issue here as before to what will be.

[aedens]

Yea I will take more delivery. SLV:US 22.7101 USD -10.21%
61.8% retracement of the move from the 2008 low to the 2011 high at $24.22 http://gdxforum.com/forum/viewtopic.php ... 270#p18988
Walk into it, pick some up, be patient.
http://eideticresearch.com/uploads/2/8/ ... ations.pdf
no conviction about how serious are the implications of today’s breakdown
https://www.youtube.com/watch?v=1DsH3NKGbu4

Goldman Crucifies Muppets Again, Closes Long Brent Position With 15.48% Loss

[aedens]

What happens when health insurance goes up on average another 33%. For me, that's more than $2,000.
Hmmm... should I pay my mortgage, electric bill, or car payment this month?

As for me locally what I see its already here.
https://www.youtube.com/watch?v=xGbB_uU3LII

As Congressman Grayson pointed out in a recent letter, right after the Federal Reserve’s Open Market Committee leaked valuable inside
information to big banks, Goldman told its clients:
http://www.washingtonsblog.com/2013/04/ ... -leak.html
We recommend initiating a short COMEX gold position ….
Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.
Norm Franz

klinickicentarsrbije.jpg (34.37 KiB) Viewed 3454 times

[aedens]

While the expansion of the Fed’s balance sheet creates “some risk” of rising inflation expectations, “that chemistry is not at work today and it will take substantial credit growth to materialize,” Lockhart said.

As Congressman Grayson pointed out in a recent letter, right after the Federal Reserve’s Open Market Committee leaked valuable inside
information to big banks, Goldman told its clients: We recommend initiating a short COMEX gold position ….
Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.

[Higgenbotham]

Just bought a May Comex silver 22.24. First try.