Sorry everyone for letting the last comment list get so long. I'll try to keep it down.
It will be interesting to see what happens in Cyprus. Markets seem to be taking it in stride but once people figure out that they were raked over the coals by the banks, folks in other countries are going to start moving cash to the bank of mattress. Then watch as the house of cards starts to fall.
Hey CWIX , good to see you putt a new thread up ! Good luck on your new business venture ! the two posts at the bottom are cyprus themed items...... top one focuses on Syria mess - which is going to be an even bigger clusterfuck than Libya when all is said and done....
Hi Fredw, Yes I saw the new Canadian "bail in" options. I expect that idea to spread, there was an interesting graph on Zerohedge showing the withdrawals from the Cypriot banks in Jan & Feb, very obvious that someone knew to get their money out. I wonder if that information is available over here, may give indication of timing. Kev
The problem with the withdrawal data ( assuming it's available here ) is that it would be released after the fact - like the data for Cyprus pertaining to Jan / Feb came public after the fact.....Of course the insiders / connected folks will get the heads up to get out before all heck breaks loose ! Note in the post below that Cyprus knew what they were doing regarding their depositors was unconstitutional - and yet , they still screwed over folks and companies , for the most part Cypriots !
Hi Fredw, yes I was afraid that the data was not available, it would have been too easy. I feel bad for the Cypriots but I'm thinking that we will be joining them soon, I bet they really screw us over. I really think this is "end game" action, I'm not positive but I would think that Cyprus would have set off a chain reaction through the various complex and inter connected financial systems, possibly masked for now but I wouldn't think that it would take more than a month or two to be quite visible and painful. Kev
The Slog has an interesting post discussing imposition of Eurogroup capital controls - maybe as soon as over this holiday weekend or next week if we see seizing in markets.......If we were to see something like that go down in europe , panic would cross the Ocean in a hearbeat ! Something to ponder .......
Happy Easter Kev and for all who celebrate the holiday today ! Keeping an eye on Cyprus , a post below regarding the latest items of note there ... As mentioned in my prior posts on Cyprus and looming deposit snatch schemes popping up in Canada , the US , UK , Spain - as well as bank warnings to their customers that deposits may be at risk , I think we shall see scenes of desperation shortly in Cyprus. The situation may well turn out to be more drastic than in Greece . The difference between Greece and Cyprus is that the banks were actually bailed out - in contrast , uninsured deposits in Cyprus have been looted - there is no polite way to say it. Even more of a concern , is the lockdown on the sums below 100 , 000 euros .And as this applies to not just individual / household accounts , but also commercial accounts , the combination of the uninsured deposit looting / capital control imposition , will completely shutdown commerce as there is no liquidity - on 300 euros a day, how does any... sizable business pay employees , provide employee benefits , how do businesses pay their rent / pay suppliers / buy fuel , obtain or maintain insurance - especially when checks are forbidden , limits are in place for credit transactions ? Yet this is what the Troika sought and obtained in Cyprus - and so this situation can only continue so long before implosion . The cypriot experiment looks at : how much money can be stolen without armed rebellion by citizens and if a rebellion occurs , how may police / military troops are needed to put it down ; will the police / military of the victim- state fail to enforce Troika law , how do we impose Troika law and deposit theft despite lack of local support ; will the cypriot template work in Spain and / or Italy and does failure to trigger banks runs in Spain and Italy signal silent acceptance by the sheeple in those countries ; if we manage to steal deposits in Cyprus , Spain and Italy and wipe out commerce in the process in those nations ( subject to Troika arbitrary dictate and rule making ) , can we extend the blueprint to France ? And soon , and so on.....
Happy Easter. That's a really good description of our current situation, I admit I'm perplexed as to why they went this route. I certainly don't think they are stupid, though I don't think they are necessarily that smart either, just more evil, manipulative and greedy than the masses can believe. Maybe it's just the greed going to their head or they were "forced" to because any other action would have imposed losses on them or they know the old systems nearly dead so they are bleeding it dry while they can. Whatever, I think time is short for what we call normal life.
Kev , these folks are to smart to not have thought this through..... thus , there are desired outcomes being forced into place. we have several class of actors here - we have the " true believers " EU Elitists who will die or more likely kill to see their Elitist NWO Agenda achieved - class one . Then we have their tools - the politicians who sell out their countrymen and fellow eurozone citizens , corporate elitist robber barrons who go along with NWO as long as their pockets are lined - they are class two. Then we have the victims - unrepresented by politicians on a realpolitik basis , small and medium businesses who are screwed over ( Cyprus is a good example of recent vintage ) , average and unconnected citizens who find out after the fact what the new rules of the game are - they are class three. Finally we have the underclass - totally dependent on State government handouts , will go with which way the wind blows but unlikely to kick sand until the benefits get cutoff - they are class four.
A couple items of the day / weekend ..... interesting stuff !
I smell a rat - kinda seems like the dutch tulip mania from years ago ...... a billion doolar alleged valuation backed by nothing at all ! Just seems like folks are cruising for a bruising.....
Cyprus had their own oil refinery 10 years ago using crude from Russia through Syria. Then they shut it down,started importing finished petrol products at a higher cost and joined the EU. In 2010 Dutch co Vitol started building a major Cyprus fuel storage hub right next to where the big explosion was at the navys base next door in 2011,blowing up the power plant knocking out half the island's power. Another fun fact I found is the North part of Cyprus is still occupied by Turkey which does not recognize the EU's posession of S Cyprus and the UN considers Turkey's occupation hostile and is one reason their admittance to the EU has stalled. Cyprus was in the Ottoman Empire and Turkey wants it back along with Syria,etc.(MB Arab Spring and all that) The island is a stratigic conquest for the EU as a refueling base for the attack on Iran , was there ever a time when it wasn't in the middle of a pissin' match ? What a fuster cluck, indeed ;-)
Hi Fredw, I have to agree that Bitcoin may not be a good buy but then again when you compare it to a dollar in the bank it has more things in common than not. Neither represents something of real value and only have value because of the confidence of the users. Main differences are bitcoin is not issued by a government, has a known and finite quantity, isn't as widely adopted, requires more effort to use and very easily transported. Both have risks, loss of confidence, theft, fire, etc. but bitcoin may be an additional basket if you looking to spread your "eggs" around. Kev
Morning Kev and good to see ya NW - my take on Bitcoin is that I really don't have a clear take on what it is - I read what folks think it represents , I note that the PTBs are clearly concerned about its potential and have taken steps to control it . My post urging caution ironically was started right before it really roared over the past few days . so , the idea was just cautionary !
http://fredw-catharsisours.blogspot.com/2013/04/aryan-brotherhood-mexican-drug.html - Kinda figured a business connection ( drugs ) was at the root of the killin of the prosecutors. Always follow the money trails
http://fredw-catharsisours.blogspot.com/2013/04/bank-of-japan-unveils-all-in-qe-ploy.html - there were two huge moves - the initial drop in yields from 54 bps to 32 bps - then the fierce reversal to 65 bps ...... This really could be huge if a trend is developing in the JGB market ! Imagine the carnage in that market overnight ?
http://fredw-catharsisours.blogspot.com/2013/04/louisiana-sinkhole-updates-april-3-2013.html Good flyover and recent photos of Lake Fubar......
Hey Fredw, just got back last night from a trip, took my oldest daughter to tour William & Mary, which she loved. I think caution related to bitcoin is a very good thing and I would not park very many eggs in that basket, though might be good to get your feet wet so to speak, because it is not an easy process.
AB and drugs sounds very plausible, I would bet money trumps race every time. Japan is just crazy and just makes me more sure that financial mayhem is just around the corner. Lake Fubar may just be getting started, I think it has the potential to become a big time SNAFU.
Good morning ! Three items to consider over your morning coffee - first a quick around the horn from europe - cyprus coverage ( good piece from The Slog ) ..... the second focuses on an item of particular concern / escalation one might say , concerning North korea - keep your eyes on 4/15 ....Finally , note fake silver coins are being placed into the market place... Off to do Saturday chores....
The slow motion breakup appears to be picking up speed from my vantage point :) The fake silver eagles look pretty good and if they show up in mass it will be very beneficial to the Fed's goal of keeping interest in dollar alternatives down. Hmm, I wonder.
I don't think we will move on N. Korea, I think they pose a real military threat (despite our propaganda) and we are just trying to apply pressure thinking that may start a coup/ revolt. Shit may get real by accident but think it's just a dangerous game right now.
Good afternoon - regarding North Korea - it's interesting to note that now the US seems to seeking a face -saving way out as they seem to understand they may have overplayed their hand. North Korea has show no signs of backing down and has escalated tit for tat - and then some. Shutting down south Korean access to Kaesong indicates they are quite serious .
Looking at a few things and trying to put them in context , it's interesting to consider demand / interest in Bitcoin with the overall sense that things are falling apart with banks , the eurozone , the fact that there is no honor among thieves ( depositors just learned they re thieves ) ..... still think Bitcoin is a trap - but one can see why folks are interested and willing to gamble with it.
Good morning all, I agree, very interesting that we are easing up on NK, similiar to how GWB called them crazy but after a "failed" NK missle test he suddenly became more polite. And with bitcoin, I agree it may be a trap but could be the real thing and in a bubble and still wipe out. Though if it is a real peer to peer exchange mechanism with a known limited quantity and it stays reasonably secure then it could go to the moon in terms of fiat. There appears to be nowhere and nothing that is safe anymore, especially banks but even bills under your mattress could be subject to a rule change that would render them virtually useless over night. There is no clear cut path,interesting times indeed. Kev
Good evening - Bitcoin still on a tear today - but gold and silver ( especially silver ) showed some leg today..... here is what seems to be going on there......
Greece , Cyprus items of note .... we seem to be building for another "moment " in europe..... note Italy and Spain items as to who has bought their sovereign bonds !
Hi Fredw, great links, still amazes me that the market can go up with the news we have, I guess overpriced stocks are at least not dollars :) And no, I don't think Japan or anything else holds together. Kev
Markets ? You mean interventions , right ? What is the real difference between Bitcoin and what we see almost every day whether we talk stocks / bonds - consider sovereign debt in europe / Japan / US and relate the prices to the data ......
Hey Fredw I'm hoping the btc's drop some more. Still don't think it's tulips or ponzi though still may be crap but I'm sure what I'm holding is decomposing as we speak, so at least it's fresh Yes you are right it's all rigged. Hmm, indeed, the drone's are the scariest thing in that post, loved the terminator movies. Kev
Evening Kev - I updated Wednesday bitcoin post with items of the day - looking at the three big markets for bitcoin based on USD , you could have bought the virtual currency in the forties - quite the drop from yesterday. Of course , Mt Gox closed for 12 hours and they represent 80 percent of bitcoin trading......Regarding the lower price , if it open Friday , yu will get your chances I am sure ! Lol
BTW , I think apart from Mt Gox , some of the bitcoin markets are having issues this evening - checked a couple and bad getway popped up
http://fredw-catharsisours.blogspot.com/2013/04/hacker-demonstrates-how-to-use-android.html - Just when you hoped it was safe to fly....... you learn that you are completely at risk ! Read and wonder how this could be 12 years after 9-11 .....
http://fredw-catharsisours.blogspot.com/2013/04/comex-silver-inventories-fall-off-cliff.html gold and silver physical disappearing - quietly of course , very quietly !
http://fredw-catharsisours.blogspot.com/2013/04/north-korea-updates-as-north-korean.html If North Korea has nuclear missile capability , they can EMP South Korea , Japan and perhaps the US......This is why an attack could occur.
http://fredw-catharsisours.blogspot.com/2013/04/welcome-to-virtual-markets-fundamentals.html a measure of how screwed up is the virtual market effect of propping up everything equity related ( except Shanghai ) and just look at sovereign europe debt ! what a joke......
Hi Fredw, the last link was especially good,the "EMU curdles" . Bitcoin, gold, silver all hammered but I get the feeling that it was coordinated, somebody doesn't like competition. So where do I get that airplane ap :) Kev
virtual US equities in full effect....with Japan bond market troubles , the troubles in Europe and poor consumer confidence , railroad loading at levels not seen since early 2009 , horrid retail sales .... why was there no sell off that could stick today , especially on a Friday going into a very uncertain weekend ? We are just living in crazy town....
All good links, too many to respond to but I do think they all hit the "flavor" of the times. The "Airplane" clip didn't play for me but I remember it well and it's very appropriate. I really don't understand how any one in a bail out country could think that their politicians work for any one other than the banks and the especially the banks in Germany. I read a long time ago but never bought into the theory that Germans and Japanese were continuing WW2 clandestinely, even though I remember the guy made at least some very good points. I need to remember where I read that and give that another chance. Especially since it seems that they are hellbent stealing gold any where they can. Kev
Morning Kev - one thing that I have found fascinating ( whether we look at Greece , Cyprus , Spain , Italy ) .... while austerity has been the subject of protests even riots , the good citizens in all of the referenced countries still want to remain in the euro ? My question is why , that makes absolutely no sense , it's why their countries are suffering ?
Why do folks refuse to credit what their eyes reveal to be true ( referring to corrupt pols serving their true masters and committing treason as to the citizens they ostensibly represent ) , think " semmelweisreflex " ( wikipedia definition snipped below )
The Semmelweis reflex or "Semmelweis effect" is a metaphor for the reflex-like tendency to reject new evidence or new knowledge because it contradicts established norms, beliefs or paradigms.
The term originated from Ignaz Semmelweis, who discovered that childbed fever mortality rates reduced ten-fold when doctors washed their hands with a chlorine solution between patients. His hand-washing suggestions were rejected by his contemporaries (see Contemporary reaction to Ignaz Semmelweis).
Regarding Japan and Germany still fighting the last war - revenge is still a dish best served cold. Why should we assume they have forgotten what happened or forgiven the " Victors " ? Regarding Germany - they have had two world wars to ponder as to how best to deliver payback !
Good articles on the gold smash down, cheaper is better if you aren't selling. The Cyprus updates are interesting but sad, I hate to see them raked over like that, I hope the population is able to take some action to prevent the total looting of their country. Syria must be winning. Kev
Evening Kev ! Smash down continues tonite - Asia plays catch up from Friday , margin calls must be flying like mad. And we know what London will do Monday morning - get you popcorn , they may try to take gold under 1400 monday and silver will fall faster on a percentage basis than gold ( it usually does. )
China winning in peacetime what they wouldn't win through War too ! The power axis of russia and china , will see germany climb aboard - when the saudis join up it will be game over for the USD....
He Fredw smashed down below 1400 and probably more tomorrow, still reeks of extreme manipulation driven by desperation. and I still think that something big and nasty must be just around the corner. First Bitcoin then the PM's I wonder which shakes it off first.
Thought this was a good quote “Germany would be alarmed that other countries might do the same so it would take a very tough line.” Germany is the european union evidently, what number is this for them, fouth? I'm getting more on board with that scenario.
Evening Kev - what seems to be going on with the PMs is both the clear manipulation but with technical support coming from Japan - see the posts below....
Germany has leverage and no concerns about dropping the hammer ( Greece , Cyprus ) , other bailouts for Portugal , spain's Banks and Ireland were much more suer - friendly for the sovereign ( rest assurred the second bailouts for these countries will be Cypriot - like ! )
What to watch for next - when does the sovereign bubble burst for the PIIGS ?
http://fredw-catharsisours.blogspot.com/2013/04/all-eyes-on-ongoing-gold-and-silver.html - more of the focus on the manipulation ( note how extreme the selling is despite fundamental supply issues - not just gold but even more so for silver. )
http://fredw-catharsisours.blogspot.com/2013/04/asian-lower-open-compels-further.html - more of a focus on the technical aspect coming from Japan pressures....
Hi Fredw, I think the Boston incident is looking a bit Sandy Hookish, seeing articles on FB pages being up prior to, another tool in their toolbox to clamp down before TSHTF? There are other telltale signs popping up, drills being run, personel in place.
PM's bouncing back some today, I'm expecting a moon shot eventually, just don't know if this will be it. Not sure it will matter what the price is in fiat over the long run,
I am taking a wait and see view on boston - very early in the investigation , don't want to jump the gun there ! I also saw the piece where the UM coach saw bomb sniffing dogs at both the start and finish line , there supposedly reports that two persons of interest being sought - one person seen on a roof near the finish line ( just prior to the bombs near the finish line exploding ) and a person who tried to gain access to a restricted area prior to the bombing. Conversely ( as happened at Sandy Hook ) , some of the early reports - such as numerous unexploded bobs being found / cell service being turned off , have been inaccurate. So , I will wait and see what develops before reaching conclusions here !
Gold and silver experiencing a " dead metal " bounce so far today - it remains to be seen how the relief rally plays out. Of course , considering the magnitude of the friday / Monday routs , that will make this Friday's COT very interesting reading indeed ! It will interesting to see how the bounces plays out during the day - margin calls should hit this morning for yesterday's carnage , CME is hiking margins on gold and silver and a lof of " technical " damage occurred for gold and silver the past two trading days . so , we shall see what we shall see !
http://fredw-catharsisours.blogspot.com/2013/04/iraqs-bloody-monday-75-killed-356.html Iraq perspective - bombing occur across Iraq every day.....
http://fredw-catharsisours.blogspot.com/2013/04/second-earthquake-in-iran-in-about-week.html Two quakes in a week , different parts of the country .....
http://fredw-catharsisours.blogspot.com/2013/04/gold-and-silver-smash-down-halts-on.html some good stuff on the smash downs......
Good stuff Fredw and I don't doubt they will try another raid on the PM's, but there have to be a few buyers of size out there that are waiting to step in, if not then maybe they will drive it so low that I can pave my driveway in silver and maybe a gold brush guard for my 4 runner. Yes I know that much weight would hurt the gas mileage, but the gas prices ought to come down too. (humor off) Still smacks of desperation to me, just don't see how they can continue this level of attack for very long, i wouldn't think that they have unlimited resources or at least the ability to use them without causing themselves other problems.
Iraq is interesting, wonder who was sending a message to who.
Evening Kev ! Tuesday is the last day of the week for Commitment of Traders Report - not surprisingly , we saw the dead metal bounce today , which faded to a certain degree as the day wore on.... So now we see what Wednesday , Thursday and Friday bring !
Still see the PMs heading lower near term , but who knows unless you have the playbook ! Lol Not sure whether to peg what we just saw as desperation or a surgical strike - of course , by bring prices down for the PMs , how many more tons have gone to China , India , GCC countries et al ? The answer to that will be if we see American Eagles unavailable for even longer stretches of time or just unavailable....With the supply issues coming into play , the price for silver and gold are inconsistent with fundamentals , but what the heck ! After the past few days , the numbers at Comex should be quite interesting - force majeure looming at Comex and LBMA ? Jim Willie thinks so , Andy Maguire thinks so - now that doesn't make it so , but those are opinions to consider ....
Iraq at some point breaks up into Kurd / Shi'a and Sunni - the problem is Kurds and Shi'a have the oil , Sunnis land nothing but rocks , sand and camel spiders...... not exactly equitable split as far as the sunnis view things. Shia have control and not willings to share power or give more autonomy to the Kurds - but will they fight them ? So , we have a triparte civil war in Iraq - on display for the world to see !
Couple of posts - Boston Marathon and today's Ricin letter .... recall a similar scenarion with 9-11 and Antrax in 2001 ? Pivot after one day from Al Qaeda to possible domestic terrorists - without a lick of evidence ...... is interesting !
Good morning Fredw, I think it's possible that the Comex goes boom but who knows. Something somewhere should be under pressure.
Iraq is puzzle, don't forget that usually we end up supporting Sunni's as long as they do what we say.
The letters must be another clue, additionally there is the timing to consider, a lot of strange things seem to happen in mid April, the ok bombing, VA tech shooting, the well blow out and I'm sure I'm forgetting a bunch. Based on a long ago article, I seem to remember that there was a long list and their theory related it to being a "blood sacrifice" time for the owl followers. As long as we are taking the red pill, might as well consider some of the stranger possibilities. Kev
Evening Kev ! Something has to give - if price gets pushed lower , physical gold goes bye bye . What's interesting to noteis how tons of gold have vanished from the GLD ETF , meanwhile the SLV ETF has been essentially static since 4/8 ( there was a million ounces out of more than 300 + million ounces there that left the SLV RTF in the past day or so , but for the most part , the inventory hass been static. ) A big drain was previously reported from eligible side of COMEX ( mainly the JP Morgan vault ) ......So , while the manipulation can impact price for awhile , the cost is physical gold and silver become ever more scarce. Silver is being impacted as shown by American Eagle shortages and rationing and the big mine collapse will impact both metals going forward as supply will be impacted for the foreseeable future.
Iraq is a quagmire and the lesson learned is ill planned intervention result in de facto failed states ! Iraq , Afghanistan and Libya presently , Syria and Mali in process. Also , in contrast to your point on supporting Sunnis , we dumped Sunnis there and installed what we thought would be a puppet a Shi'a regime ( which turned on us and booted us out the country. ) Sunni support has been GCC nations - who will turn on us in the medium term as well. Keep in mind , whether Sunni or Shi'a , both sects consider non muslims as infidels so there is no love , merely politics.
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april_17.html Philly in trouble ? Mish puts the City of brotherly love in the spotlight !
April is strange - do these things happen after tax season is over and the sheeple have been sheared for the year ? check this list - note how many fall after tax day ( exclude the date before income tax made permanent - 1913 , for perspective ) All but one is after 4/15 !
9- 11 had antrax follow shortly thereafter .... Boston has seen Ricin letters and now a power substation attack....reposted for the gun attack Tuesday on the power substation news.....
Hi Fredw, lost my comment before I could post it very weird. Love Nigel and agree something has to give on the PM's, I think they wanted people to get scared and sell and instead it looks like most think it's a "sale".
The timing of the letters and the fact that they are so ineffective just add to my suspicion about Boston. That and the always present amazingly relevant drills, hijack drills on 9/11, tube bomb drills on 7/7, etc.
Evening Kev - I waited a little while ( sadly one doesn't have to wait too long ) , to see what the official narrative was / how long until the edges of the official story got ragged / what things didn't make sense / waited to see whether " drills " run / waited to see if other actors possibly present....... Less than a week and even discounting " postcards from the edge " stuff , enough to make you go Hmmm......
Taking Boston / Ricin Letters / Waco explosion - maybe 50 / 50 suspicious for Waco ...... the least one can say is that we have collectively had quite the week ! One question though - to what particular end are these events geared to achieve ? Individually , different parts of the country , different modus operandi. What ties them together ? Taking them together - IMHO ( especially when one notes the Ricin guy who was caught - domestic terrorist mold / two alleged perps from FBI news conference don't look Middle Eastern - another domestic terror event perhaps / Waco event so close to the Anniversary of Waco debacle from Janet Reno era - and another domestic terror event ?
Also , Obama speculating the Boston attack took place on Tax day and could be domestic terror ......CNN early on opining Boston could be domestic terror ..... Ricin guy / Elvis impersonator clown - claimed lunatic fringe conspiracy theories , definitely D.T type ! Domestic terror seems to be chosen mem , fits in with desire for gun control / further TSA / DHS steps to " protect us " coming for sure !
http://fredw-catharsisours.blogspot.com/2013/04/fbi-releases-photos-and-video-of.html Round up oddities , interesting stuff....
http://fredw-catharsisours.blogspot.com/2013/04/reuters-jumps-shark-declares-george.html Who did he piss off ?
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april_18.html divergence between physical and paper growing...... and note the growing scarcity !
http://fredw-catharsisours.blogspot.com/2013/04/overnight-news-asia-and-europe-in-focus.html Greece piece most interesting - naked capital article shares the real deal
http://fredw-catharsisours.blogspot.com/2013/04/mena-comes-to-south-america-argentina.html state of play in Argentina.....
Kev - no way that Government is US approved ! Lol Kirchner is a loonie tune for sure.....Argentina has battled the banksters for decades since the devaluation of their currency and the debt repudiation..... but she has done serious damage to her Country and the folks there are getting tired of her shenanigans !
http://fredw-catharsisours.blogspot.com/2013/04/fed-governor-stein-joins-global-chorus.html some things you just can see coming from a mile away.....
http://fredw-catharsisours.blogspot.com/2013/04/physical-gold-questions-how-much-gold.html keep an eye on inventory at the GLD ETF..... there has been a nice run on withdrawals this month - when that flatlines , could be game over and no more actual gold to pilfer !
http://fredw-catharsisours.blogspot.com/2013/04/physical-gold-questions-how-much-gold.html Looks like one of those drills we have seen for awhile - just on a huge scale ! Photos are pretty shocking and imagine , just two guys put a major American City on total lockdown !
While I shouldn't trust wiki they sometimes influence my thinking this lead me to be believe she was US supported "Critics of Kirchner's administration charged it with corruption, crony capitalism, falsification of public statistics, harassment of Argentina's independent media and use of the tax agency as a censorship tool.[3][4][5][6][7][8]" but further reading of the does suggest that she is perhaps not. I still get easily confused by who is banker supported, or is but pretending to not be banker supported and a real actual rare good guy.
A mile away if you are looking, seems most I know have their eyes shut hard. It is nice of them to give us that are looking a little further reinforcement. Must find more baskets.
The PM's are very interesting, maybe TPTB will actually lose control of them. If so that big dominoe is going to make quite the splash.
found the link on the brothers, all very surreal, almost seems scripted.
Morning Kev ! Argentina's Kirchner is somewhat like the Dear Leader in North Korea - not really controlled by West or Eastern PTBs , loose cannon prone to say anything for effect. Difference with Kirchner is she is not reliant on China and doesn't share a border with them ( BTW , notice how " quiet " NK has become ? No missile launch , no more talk of nuclear war - they didn't do squat other the STFU . Guess China told the little man to sit down and be quiet.... ) Saturday updates on the PMs - physical buying explosions globally indicate TPTB have lost control as they can't control demand when price is artifically lowered and now there are real issues concerning supply !
Wow Fredw, that was a lot of reading. No comments, I just feel the need to get working on some various projects I have going, finish my rocket stove, get the garden started, do some shopping etc. Time is feeling very short. Have a great day.
Stranger and stranger ..... Just wondering how someone actually gets a " Terrorista Number 1 " car tag ( UMASS Dartmouth ? ) , drives around with that tag on an allegedly stolen BMW - without being stopped by Police ? The Editor for The Onion must be fired immediately for that presenting parody like that !
Kerry had a Istanbul meeting today with Syrian Oposition and is off to NATO meeting in Brussles next week: http://www.foxnews.com/world/2013/04/20/us-allies-look-to-bolster-syrian-opposition-at-meeting-in-istanbul/ http://www.europolitics.info/external-policies/kerry-in-istanbul-and-brussels-art350492-44.html And UK, France have given UN 'evidence' of Syria using chemweps mulitple times: http://www.prisonplanet.com/britain-and-france-claim-%e2%80%98evidence%e2%80%99-of-syria-using-chemical-weapons.html NW
Yup , I saw both of those items ! Guess the Syria campaign is about to heat up ! And with the US on the patriotic bandwagon afterBoston , what better time to strike ? Sorry about the density of some of the posts - both you know I get detailed ....BTW , check this out about the brothers.... the older brother may have been captured alive ( as per the video ) - and as he was made to strip and then placed handcuffed in a police vehicle , wonder he got those death wounds ? And how did the younger brother get his neck wound allegedly from shooting himself in the mouth with a gun ( but the surrender photo when he was stepping out of the boat don't reveal such an injury ? Finally , they didn't even get the younger brother name right in the Telegraph piece !
http://fredw-catharsisours.blogspot.com/2013/04/video-of-tamerlan-tsarnaev-captured.html Older brother captured alive but then somehow winds up with death wounds while captured apparently .....
http://fredw-catharsisours.blogspot.com/2013/04/boston-marathon-questions-of-day-were.html this is long , lots of interesting stuff ....... lots of questions which hopefully get clarified .....
I wasn't complaining about the length of your posts, just left me speechless and wanting to take some action. Just waiting on the kids now, has been a productive morning. Something smells with regards to the Boston thing, and now that you've pointed some things out, also the west tx. Kev
Good evening Kev - with three dubious events in the span of several days ( and the sheeple none the wiser , even cheering the Authorities on ) , it would seem the stage for something bigger has been set. Imposing martial law on Boston and intrusive , over the top SWAT Team door to door searches , didn't set off the alarm bells for folks. While it seems clear to me there is no coincidence that there i an agenda to create fear and justify clampdowns on citizens for " protection " , what isn't clear after last week is who becomes the patsy country ? No tie in to Iran , North Korea or Syria - in fact , one might say Syria ( despite Secretary Kerry's declaration that the US will provide military aid to the Rebels ) gained from the Chechen adventure , as the Russian argument that removing Assad will destabilize the Region ( and put Islamic Radicals like those allegedly involved in the Boston Marathon situation in power ! You even apparently had Russian Secret Police working the Boston job - yes , Russian here in the US solving a US terror case !
The video of the older brother apparently surrendering very much alive ( if that wasn't him , who else was arrested under those circumstance early Friday morning ) and then abruptly showing up at the Hospital near death or already dead , was compounded by the mysterious wounding of the younger brother - but did we really expect he would tell his tale ? So now we watch and wait to see what follows this . Whatever it is , it will be bad. The past week was conditioning - the big one will be WMD , probably nuclear. On that front , recall last week ( there actually were 4 events when you factor in the attempted sabotage of the power plant facility and associated cutting of telephone lines , on the West Coast ) If we see a nuclear plant sabotaged by alleged domestic terrorists and Fukushima type harm from explosions , that would further the looming clampdown - and would justify a rash of Executive Orders for security , like emergency gun control measures that can't pass through Congress.
You might recall I had a sense something was coming a couple of months ago , that whatever came down the lin wouldn't happen until after Tax Day - didn't expect the gun to go off right on 4/15 though.....But keep your eyes peeled , strange things are happening and stranger things wil occur before it's all said and done.... check this out ! Remind you of the Memorial pages for Sandy Hook that allegedly popped up before the Event ? did some one jump the gun , just a hoax and product of a sick mind ? who knows , just noting that is out there ....
Last item is a post - martial law on display. didn't recall if I posted this , but I found a SWAT Team door to door search video today..... chilling stuff ! This will be coming to your town and mine - get ready for it......
Okay the Boston searches were just creepy, and the fact that most people don't even care is even creepier. The official storyline stinks on all fronts. We are a vastly different nation from what I believed we were 20 years ago.
Yes I recall you had this time period while I was hedging with the whole year. I'm still hoping that this stuff is just to distract and bleed off the herd's emotion before an ugly economic event but your scenario seems very plausible.
Facebook thing isn't like the prior early pages, at least the sandy hook one was tied to an existing charity, I'm not sure about the one last week, I skimmed the article only. This one didn't seem as legit but I'm a long way from LA so I can think that.
Keep up what you are doing and let's hope the internet stays up for us whatever comes this way. Kev
Evening Kev - looking at the search ( and reflecting on the cheers in boston and USA chantes ) , brought the thought to my mind those folks who were put out there homes during the " voluntary " house to house searches , probably weren't cheering . but we won't hear those voices !
On the FB page - sometimes I see something that I want to file away , save to see if events match predictive stuff like that.....
Hopefully the net stays around - you get so much more " interesting intel / information..... naturally lots of filtering needed to sort through silt to fing what may be gold ( sometimes fools gold. )
Some items to ponder.....
http://fredw-catharsisours.blogspot.com/2013/04/canada-allegedly-foils-todays-terror.html Canada terror plot foiled ( bad Al Qaeda acting out ).... Some items of interest regarding Boston....
http://fredw-catharsisours.blogspot.com/2013/04/although-denied-by-fbi-recall-that.html Drills for May - D.C drill sounds like something to kep an eye on , have to see what if anything filters out on the " radiological " drill there .....
http://fredw-catharsisours.blogspot.com/2013/04/bp-gas-explosion-cover-up-why-are-we.html BP truth slowly leaking out.......
http://fredw-catharsisours.blogspot.com/2013/04/gold-silver-news-views-and-harvey.html good stuff on the PMs.... GLD ETF still leaking tons of gold , another 19 tons from Friday ! Compare with SLV ETF , essentially static since 4/8.....When GLD sales halt , that's when things get interesting ! GLD going flat on sales means London could be tapped out - then the focus for physical will go to Comex and we may see sales accelerate there as Asia moves to retrieve its physical gold . As things stand , I think Comex / LBMA default IF folks stand for delivery in size for June gold - with GLD being emptied , where do they find gold for delivery in size IF Comex can't fill the void ? Comex presently has about 71 tons at the Registered or Dealer , yet June OI exceeds Comex gold at the dealer ( that leaves i72 tons in the eligible or customer accounts ( ML Global time ? )
For perspective , recall Comex dealer gold is 71 tons - the GLD ETF has lost 79 tons just between 4/10 and 4/22 ! So once GLD flatlines , Comex could get pressured real fast ! Those customers , unless they get their gold out fast , are going to get " Corzined " !
Yes much pondering, we are on the same page as usual. This is an interesting video DAHBOO77 youtube .
PM's could still get smacked down again, I don't think it will work but I would be surprised if they didn't try it again. Hopefully it would just spark even higher demand.
Evening Kev - Dahbooo77 is an interesting resource ! Will have to bookmark that one....PMs seem to have stabilized a tad - interesting divergence between silver and gold over the past few sessions. Silver seems much more " constrained " than gold , leads me to believe JP Morgan et al not quite through with silver....Silver ETF had had first day of selling for awhile , second day of decreased inventory since 4/8 I believe ( might have been one other really small sale of silver though )
http://fredw-catharsisours.blogspot.com/2013/04/comex-gold-withdrawals-accelerating-gld.html PM thread - GLD and Comex exodus continues.....
http://fredw-catharsisours.blogspot.com/2013/04/west-texas-fertilizer-explosion-and.html Updates and back stories for West Texas explosion....
http://fredw-catharsisours.blogspot.com/2013/04/boston-bombings-updates-questions-posed.html Boston - hopefully fresh items , tried to offer up non redundant items for this post.....
Hi Fredw, both Boston and TX looking strange though I think the stories/lies about the brothers really make that one a sure thing, seems like the standard playbook was being followed on that one. Someone highly placed didn't want them captured alive.
PM stories are very interesting, maybe it is possible that they will lose control of them. I've noticed bitcoin is plodding back up to $150.
It really is a very surreal time we live in, reality is going to hurt when it shows back up.
shаre we be in contаct extra about уour artіcle on AOL? I require a specialiѕt in this spасe to reѕolve my problem. May be thаt's you! Taking a look ahead to look you.
Heуa i'm for the first time here. I came across this board and I find It really useful & it helped me out a lot. I'm hoping to οffег one thing agаin аnd help otherѕ such aѕ уou helped me.
http://fredw-catharsisours.blogspot.com/2013/04/jp-morgans-eligible-commercial-gold.html What is happening with JP Morgan ? The hit regarding eligible gold has hit than much more significantly than the other depositories - and that was before the past two days ! LD still leaking physical - note the pace there has started slowing ...... I will be watching to see what GLD's numbers are for Friday and Monday regarding withdrawals though !
http://fredw-catharsisours.blogspot.com/2013/04/alleged-chemical-use-by-syria.html Funny hope the chemical weapons popped back on the radar right after Boston and as the run on physical silver and gold hit hyperdrive !
http://fredw-catharsisours.blogspot.com/2013/04/bundesbank-rejects-omt-ecb-bond-buying.html Regarding the German Court - arguments are set for June 11th and 12th - don't know if they plan to rule the same day ( I doubt it - the question is do they rule before the German election in the Fall ? )
Hi Fedw, the PM's had a nice rally yesterday, the pressure looks to be building but I expect it will be a wild ride with violent swings. The physical buying spree does seem to indicate that at least a small portion of the herd is awake.
I think the last article in the second link was correct in that the "US is trying to frame Assad", a standard approach by TPTB. Current situation reminds me of a "V for Vendetta" line when the dictator instructs the media to bombard the masses with stories (all terror plots)that remind them "that they need us".
German court ruling was somewhat perplexing to me, is it possible that there are some real humans still left in that group? time will tell I guess.
Morning Kev - hope you had a productive week ! Yesterday was interesting - did you notice the brickwall gold and silver hit right around noon ? Gold was knocked from about 1480 right down to 1450 , while silver was knocked down from 24.50 down to 23.57 ! Now this slam was at noon ESt , not 11am ( which would be the close of Europe ) .... so , the manipulation surely isn't over and that didn't look like margin calls coming in at the close of european trading ( unless there was a hangover type delay of an hour ! ) With chinese holidays looming next Mon / Tues / Wed , it should be interesting to see what happens when buying power is on the sidelines !
On Syria , the dynamic is interesting - Israel , the Syrian rebels , UK and France seem to be chomping at the bit on the chemical weapons scam in Syria and anxiously want to jump in ( or have the US jump in ) , yet if you parse what has come out from the US ( from Hagel and Obama ) , the chemical redline has become less "red " has time has gone by. In essence , before we see a redline crossed , Obama has now said " systemic " use of chemical weapons against the Syrian people would need to be established , Hagel has expresses doubts about what has actually transpired too. My take is we ( US ) doubt whether Syria has used chemical weapons / US has concerns whether the Syrian rebels have also used chemicals alone with Assad's forces / Us does not want to assist in setting up another islamic radical regime in the Middle East - another Libya so to speak / US does not need or want another War which actually makes conditions more unstable / US really doesn't want to cross Russia's redline on Syria.
On Germany , I don't think any ruling have been made , those are upcoming. Bundesbank speaking out against the OMT was surprising in that their Opposition was leaked into the public domain ! I doubt the German Court will find the ESM is unconstitutional , but OMT could be a different story - they might knock that down. How does the German Constitution Court ignore the Bundesbank Opposition ?
I am not sure wheгe you are gеtting your information, but good topic. I nеeds to spend some time learning more or understanԁing more. Thanks foг great іnfo I was looking for thiѕ info for my misѕion.
Hi Fredw, Very good links, kept me busy yesterday morning and I made a comment then but must have closed my browser before it saved. My overall impression is that pressure continues to build both financially and for war, not an original set of circumstances by any means but the potential for extreme negative consequences seems to be as large as we've ever had. While "the powers that be" appear to be not entirely rational, much like sharks in a feeding frenzy that are completely overcome by greed for blood/power. So I'm just wondering how long before tshtf, I'm sure I will be surprised at how long it takes, already surprised it is still going. On the plus side I'm really getting tired of my job and if I'm right and our current system is completely unsustainable then it would be best if it would completely implode and the human race can get started rebuilding. On the negative side I think survivability will be a problem and there is the chance that the next system will be worse. Obviously economic implosion without WW3 would be the preferred outcome.
Have ya seen the charts for solar cycle 25 and beyond? Nill,no mas. http://news.nationalgeographic.com/news/2011/06/110614-sun-hibernation-solar-cycle-sunspots-space-science/ http://www.washingtonsblog.com/2013/01/nasa-we-may-be-on-the-verge-of-a-mini-maunder-minimum.html Go long long johns ;-)
Hi NW, those links are really interesting. Especially in light of the fact that I just noticed the other day that I purchased a ton of cold weather clothes that I didn't even need. I was wondering what the hell I was thinking purchasing all that stuff when I'm usually hot natured. My other odd ball thing is how many pieces for rocket stove projects I collected, haven't even completely finished my first one and I have stuff for 3 more. Maybe I'm getting a vibe.
This I found ironic, "All climate scientists agree that the sun affects Earth’s climate to some extent. They only disagree about whether or not the effect form the sun is minor compared to man-made causes." I think if the sun went dark even these idiots would realize the sun is a major player in our climate.
The current cycle is the smallest in 100 years: http://www.solarham.net/averages.htm And both the links above about cycle 25 are from 2011, they've known about it for a while. I was looking for charts to correlate solar cycles and el nino/la nina and one chart I noticed showed solar cycles from 1749-2040,with cycle 25 as nominal, I was like ???wtf??? Do a search for-- chart:'Solar Activity Cycles 1749-2040' it shows the story quite well. I did find data for solar cycle-el nino/la nina correlation,two good charts on this link: http://tallbloke.wordpress.com/2011/06/12/the-timing-of-el-nino-in-relation-to-the-solar-cycle/ After finding out about possible extended solar min, I thought it should be named"Gore Minimum" to give peeps something to chuckle about when they're burning furniture to stay warm. Kudos on the rocket mass stove parts collection,I've seen them on youtube and they're so efficient ;-) http://www.richsoil.com/rocket-stove-mass-heater.jsp Cheers,NW
Bingo. Lots of solar storm shock articles,TV shows etc. Like this one: http://www.nytimes.com/2013/03/19/science/space/on-the-watch-for-a-solar-storm.html?pagewanted=all&_r=0 And this one: http://www.latimes.com/news/science/sciencenow/la-sci-sn-solar-flare-2013-20130411,0,1817542.story And,,, http://planetsave.com/2013/03/25/solar-flares-2013-solar-storms-eruptions-and-cmes-outlook-for-the-year-ahead/
But not much talk about the current cycle being the smallest in 100 years ,although there is such if you look ;-) http://ktwop.wordpress.com/2012/06/12/solar-cycle-24-prediction-on-track-to-be-smallest-in-100-years/ http://solarwatch.wordpress.com/2012/05/03/solar-cycle-24-predictions-lowest-for-100-years/
Not to say there won't be any big solar flares this year or next. There will be. But finding info about the small size of this cycle and the predictions of several much smaller cycles in the future was news to me. Frankly, I was shocked,,just shocked I tell ya..
China works with Turks to build longest high speed rail,coast to coast. http://www.todayszaman.com/newsDetail_getNewsById.action?newsId=277360 (and other macro projects)
Evening Kev , good to see you NW......stocks keep rising while fundamentals / economic data keeps falling..... I've seen this movie before , Just don't when Michael Myers pops out with the big knife to kill the crazy valuation on stocks ...... things for the day.....
For Boston , note female DNA found on / associated with one of the bombs - third party or more involved ?
Hey Fredw, running late so no time for a long comment but that was a great Boston link, you need to keep that one toward the front of you blog. I'm wondering if they will claim it's the mother's dna, she is probably causing them some issues. Fuk is unreal and yet people around me are so unaware. All good stuff.
Yeah , I called that Boston Unwind - but I really just wanted to capture what I thought was pretty straight forward items and just lay it out there..... folks can read it , accept what's there , reject it ... their choice !
We truly are in the Matrix Kev.......that movie was so far ahead of its time its scary , but that's how many folks are - happy to be plugged and gleefully ignorant as to what's going on around them.....
http://fredw-catharsisours.blogspot.com/2013/04/special-ops-state-department.html This could get interesting , assuming anyone is paying attention.....
http://fredw-catharsisours.blogspot.com/2013/04/special-ops-state-department.html Saudis implicated - does anyone care ? I mean really ......
http://fredw-catharsisours.blogspot.com/2013/04/harvey-organ-and-other-great-articles.html Steady drain continues at Comex and GLD ETF.......
http://fredw-catharsisours.blogspot.com/2013/04/cyprus-parliament-set-to-vote-today-on.html I don't want to hear Cyprus whining about the harsh terms they accepted . Not after voting YES !
Great posts Mr fredw . I care and try to pay attention ;-) Thanks for all the great work, I've never missed a post on your blog yet since you started it. I got blocked out of this blog in Dec after comment 200 by some tech glitch, then when the new comment section got started last month I could read new comments again. It's great to read yours and Kev's comments here and gain more perspective on daily events and I'm going to let you guys continue that repore without being interuptive. Cheers, NW
Evening NW and Kev ! As always , try to find things I find interesting - and hope other do as well ! Here are some items of the day.....
http://fredw-catharsisours.blogspot.com/2013/05/mt-fuji-watch-signs-of-unrest-continue.html Activity continues at MT Fuji ......
http://fredw-catharsisours.blogspot.com/2013/05/harvey-organ-report-for-may-1-2013.html I did expect raids on Mon - Wed ( China closed for Labor Day holidays ) and we did see determined efforts , just check the three day charts !
http://fredw-catharsisours.blogspot.com/2013/05/feds-open-market-committee-announcement.html Prisoner dilemma of the Fed !
http://fredw-catharsisours.blogspot.com/2013/05/saudis-warned-us-in-writing-about.html Why am I not surprised ?
Evening All - was tied up Thursday evening / Friday morn..... but here are things to chew on tonight !
http://fredw-catharsisours.blogspot.com/2013/05/report-us-government-and-nato-worked.html 1) Expected media coverage from the Elite captured / controlled / intimidated msm - zilch ..... 2) expected reaction from average American sheeple loving the Marix - zilch ..... 3) why are we so FUBARED here in the US - see 1 and 2 !
http://fredw-catharsisours.blogspot.com/2013/05/chemical-fog-of-war-for-syrian-chemical.html Fog of chemical war updates.....
http://fredw-catharsisours.blogspot.com/2013/05/gold-and-silver-news-covering-may-2-and.html good stuff on the PMs , plus interesting news and views......
Hi Fredw, it's been a busy week for me too, you had so many links I don't know where to start. I love Jim Willie, The MT. Fuji stuff is really interesting and something that an already fubared Japan wouldn't be able to handle. My overall impression of these times is reinforced more, the messy end of an extremely corrupt empire is not far off and I say bring it on. There is no way this thing is fixable, the sheeple need a 2x4 to the head to wake them up and this nearly dead empire is rapidly rotting from the head down. I just hope it dies with a whimper instead of in a bright white flash of light.
Oh a couple of links for you credit bubble bulletin is pretty good this week credit bubble and "code 2" declared at the sinkhole enenews so many fans, so much fecal matter. Kev
Morning Kev - Doug has been on point for years - And even though we had the first housing bubble end in tears , nonetheless , we are seeing another attempt to re-blow a housing bubble all over again ! What is the definition of insanity ?
Lake Fubar still growing , instability still present and now being detected near other salt caverns !
http://fredw-catharsisours.blogspot.com/2013/05/lawmaker-receives-death-threats-for.html death threats , investigations and intimidation tactics - for lawmakers and a DHS employee - note what happens when the official story is questioned or you actually try to do your job .......
http://fredw-catharsisours.blogspot.com/2013/05/coinlab-sues-mt-gox-for-75-million.html bitcoin lawsuit - more turmoil for Mt Gox !
US,UK,30 other countries start Naval ex in Persian Gulf Monday for the rest of May: http://www.presstv.ir/detail/2013/05/01/301191/us-plans-massive-military-drills-in-persian-gulf/ Another airstrike on Syria ? http://www.presstv.ir/detail/2013/05/05/301840/israeli-launches-new-airstrike-on-syria/ NW
Okay my kids prom is over so I can get back to the news :) The video on the "searches" was interesting, seems like they were trying to remove potential witnesses more than they were searching. More data to support my world view. And of course the persecution of the lawmaker and whistle blower add to that.
So what's going to blow first, sinkhole, Mt Fuji,the war in the middle east or the economy. Beats me, but something is going to blow. The Chinese have to be rubbing their hands together in anticipation, wonder what plans they have to take advantage of our occupiers problems. So far it seems like the longer they wait the more fubared we become so I'm sure they are in no rush, the parasites show no sign of letting up, the opposite in fact.
And I thought getting a teenage girl ready for prom was bad.
Morning NW , Kev ( glad the Prom is over so that you can exhale , relax and enjoy the rest of your weekend ! ) Kev , I think Syria blows first , to answer your question......
Israel really going all in on Syria ( This latest round of attacks is far , far beyond what occurred in the first attack on Thursday - see the post below ) ...... We could be on the verge of Syria declaring War on Syria - why not as Israel has de facto declared War on Syria .... Lots of reporting ( expect usual fog of war dispatches at this point regarding weapons used by Israel , number of attacks , casualties etc. However , this is a much more significant attack by Israel. ) And now we wait to see how Syria , Russia and Iran react .....
I think (and hope) that Israel will bite off more than it can chew with this one. Iran will join, maybe China but I'm not sure about the Russians, I tend to believe Putin pretends to be anti western but behind closed doors is kissing the bankers asses. Still time for something else to blow though this is a front runner.
Remember the chart I posted on Nate's blog twards the end ? It was Golbal debt vs Oil exports(less Chindia) and can be found on this link with a great explanation by originator westexas:
http://www.theoildrum.com/node/9721/935806
It shows debt increasing, Available oil exports declining.
Anyway,,, on New Years Day I figured out how much debt was created per barrel of oil consumed both globally and for the US in 2012 , dividing public debt added by barrels consumed ,, easy. In '12 , globally for each barrel consumed $90 debt added. In the US, more than twice that--$190. Growing expotentially since '08, how do they fix this problem ? EZ, WWZ.
ie: Lower the amount of oil consumers. The chart reverses and phase II of the oil age begins,only this time under the exclusive control of,,, UN Agenda 21. Hillary for first Global Prez ? errk
Do you think the chart driver is less available oil (cheap energy) to export thus the need for a lot of financial stimulus (debt) to prop up the dying economy or is it that the real economy is contracting and therefore needing less oil while financial stimulus is pumped like mad? I used to follow some of the peak oil sites and my main take away was that the easy cheap oil had mostly been found and exploited, while what remained might sound like a lot of oil it was going to return a lot less energy per energy invested. Oil is the lifeblood of the economy more so than money.
Meanwhile the sinkhole is now at code 3, kind of lacking in "pizzazz" and hardly sounds ominous at all. "code red" or even "yellow" would sound cooler. link
The chart driver is Chindia, growing faster than there is oil to feed the machine. Supply met demand in '08.Thar's when the debt started going nutz.Chindia's consumption is what's newand the debt per barrel (DPB) is what keeps the economy from crashing. On the chart , the amount of AVAILABLE export oil(to other than Chindia) goes to zero. The growing demand from Chindia will consume any surplus. And the debt is created because the economy really can't afford $100 bl. Without the debt backing the price,the economy would crash. So to keep production FLAT in '12 took $100bl+$90 DPB (Globally). IF they found some bigger than big mega field of light sweet crude, like as big as Saturn and got oil back down to $10, there would be profit per barrel consumed again. Like they haven't looked...There fracking what's left here and we're burning 1/4 of our corn crop in our cars. The other day on The Oil Drum, they came up with a ratio for the Balkken field. If they drill 46000 wells to tap it out, it would be 1.5 years US consumption.Whoopie. So I think they're gonna reduce population with WW3/dollar crash to fix that problem.The war isn't against Russia/Syria/Iran or China,it's against us, the global oil consumers. How many times have you read they wanna reduce global population by 95% to save the planet? I think they're serious. Then there'll be lot's of oil again(per capita),and they can put whoever's left under control of the UN. One flag, one currency, only they will have guns. Total control. But WTF do I know? I'm just a displaced construction dude with too much time on my hands.
Thanks for the response, makes sense to me. I agree, they are serious about population reduction but it's not about saving the planet, just saving their asses. From their point of view the herd has become too large to be manageable and that's a danger to them. Here's to hoping their plans backfire and they reduce themselves.
Hi Fredw, all good links. I think the government is going to have a harder time than they think shutting down bitcoin,they can make it more difficult to use but that will probably backfire and make it more desirable.
Bitcoin is getting interesting - especially now that China has gotten interested in the concept !
http://www.thegenesisblock.com/bitcoin-the-newest-tool-in-chinas-currency-war-chest/ China studying bitcoin......
http://fredw-catharsisours.blogspot.com/2013/05/ed-steers-gold-and-silver-report-may-7.html good stuff on the PMs - of particular note is the travails of John Paulson ( his gold fund is off 47 percent for the year , 27 percent just in April ! Once you lose 50 percent of your assets , that opens up the possibility you can go bust ( consider the leverage he works with , the fact that his two big funds ( Advantage and Advantage Plus now are only 5 billion in size collectively , that he has been a rumored seller of GLD and one reason perhaps for the daily draw down at the GLD ETF ..... and you can see he's cruising for a bruising here. )
http://fredw-catharsisours.blogspot.com/2013/05/european-commission-latest-control.html two words .... power grab !
http://fredw-catharsisours.blogspot.com/2013/05/morning-news-front-europe-asia-and.html The morning all around the horn , as updated......
Very interesting, China giving bitcoin some advertising. That's a large group of potential adopters. Now the EU wanting to control every seed and plant is just way over the top in a creepy facist way. I would guess the big chocolate corp that is trying to patent every living thing plus water is probably behind that. When will people see what is going on? This action clearly defines what the peoples relationship to their government is, like sheep to the farmer.
Posted for the Coast Guard aspect , the terror drills have been discussed previously , but the stand down item is a serious sign......Watch out for Pols bugging out of DC ( Benghazi has heated up recently , Big O may need a Wag the Dog Moment of Distraction... And recall , Special Operations Forces were told to stand down from intervening at Benghazi. Imagine that ! What a coincidence , if there is such a thing ..... )
I saw where there is a big national drill at an amusement park in PA coming up,but I don't have time to find the link this morning. Sadly I don't think they even need distractions from their obvious lies, seems like most just don't want to be bothered with the truth. Kev
Morning Kev ..... I think you're right . Most folks don't care or are willing to look the other way ..... truth avoidance is an American reaction to bad stuff conducted by the PTBs.....
http://fredw-catharsisours.blogspot.com/2013/05/jp-morgan-eligible-gold-drops-to-fresh.html Gold drain at both COMEX and GLD ETF continues unabated..... JP Morgan drain at COMEX continues .... do we see another PM smashdown as soon as the end of this week / early next week ?
Morning Fredw, I've been following the gold drain at JPM, I'm hoping those bastards go to zero but still not sure that by itself would have a large effect. They seem to always want to smash down the pm's but if demand stays up on the phyzz side then I'm thinking they may have to come up with a new plan. Flood the market with fakes maybe?
The more that comes out on the Benghazi thing the stranger it gets.
Syria still hanging in there, but still looking as if it could blow up any minute.
Kev , did you notice the smash down today for Gold , which was the last bit of my JP Morgan post ( whether we might see another bout of PMs smashed down similar to April ? ) What will be interesting to see ( from my point of view ) is what carryover we see Friday and Monday , if any .
On Syria , Syria seems to have taken Israel's bait - they claim they will retaliate immediately if Israel attacks again . Hezbollah claims Syria is giving them game changing weapons. Turkey has claimed Syria has already crossed the chemical redline by using chemical weapons..... Unless Israel goes on another bombing run against Syria , I think things will simmer until Obama has his sitdown with Turkey's PM Erdogan on May 16th ! Updates from today are at the prior link below......
Interesting items on the PM front - the post will be updated later when Harvey Organ puts his evening report up , but what's here is already newsworthy !
PM's on sale again, physical demand should ramp up a little more.
I'm not of the opinion that Syria has taken the bait yet and think Israel is the one making the mistake. They've been the aggressor for decades but have been able to mask that pretty well in the past but I don't think anyone is buying that story now. Plus they've tipped their hand, their major past victories have been surprise attacks, they haven't done as well with recent campaigns. Syria is apparently winning against our merc's, shows some intelligence and adjustment of tactics, possibly some better training and weapons too. Iran's military hasn't been tested but could possibly be a major player having watched western military equipment and tactics for some time. Asymetric is the word, though how do you spell it?
Morning Kev , PMs following the pattern from April ( as I suggested we might see - gold at 1430 as I'm typing , silver hit but not nearly as hard so far ! Dollar strength hitting commodities hard today , following the nonsense from yesterday afternoon . Time periods to really watch are around 8am and 11 am - that will really let us know how far stop hunting will go today ! Will we see another round of margin hikes at COMEX ?
Regarding Syria , it is clear the West approved FSA can't win , the Al Qaeda / jihadist Al- Nusra is gaining strength among so called rebel forces to become the dominant force fighting Assad and that if events played out without intervention , the Syrian Government would prevail. Arming the rebels hasn't worked - thus the Israel intervention. That Syria has said it will immediately respond to the next Israel attack means the table has been set for formal War between Syria and Israel , with the US drawn in to protect Israel. Just a matter of when , not if that occurs ( IMHO. )
War does look likely, even though we(and others) have only the thinnest of pretext for it while arming and sending mercenaries to terrorize the Syrian population. No question who the bad guys are anymore, at least if someone is paying attention.
Commodities on sale again, I saw a remark the physical demand was down but somehow I'm doubting that.
In July '11 , Iran/Iraq/Syria sign a deal to build a NG pipeline from Iran through Syria - Turkey to EU. http://english.people.com.cn/90001/90777/90854/7449471.html Who was backing dis ? Our pal Rad Vlad Putin.
Whoaa, can't have that now, eh ? Cue Syrian SNAFU...
Now, Nabbuco Pipeline will transit NG to EU from Turkey from Baku through Turkey's TANAP pipeline. http://en.trend.az/capital/energy/2103096.html
And/or through Greece/Italy from Turkey from Baku: http://www.trans-adriatic-pipeline.com/
Ahhh, the best laid plans of mice and men. (and Hillary)
And , I'll add it's another fine BP project,they're drilling the NG in Baku: http://www.bloomberg.com/news/2013-04-01/bp-led-group-starts-weighing-nabucco-tap-plans-for-eu-gas-link.html NW
Two quicks items for the morning.... Bernanke Addressing Chicago fed starting at 9:30 will be the market driver for today ! Will the Hilsenrath rumor of yesterday that roiled FX , PMs , bonds and stocks prove to be a red herring or accurate ( regarding QE slowing sooner than expected ) ?
You know you are in a strange world when you are actually surprised to see Japanese bonds go down in response to massively outrageous money printing. Of course then you look at the fact that they should actually be trading at a fraction of what they are and your surprise is greatly muted.
Morning Kev - actually in a rational world bonds should decrease in price and increase in yield in the face of massive QE - that would reflect an increase of the debt burden to finance the QE , whereby the hot money inevitable flows into FX plays , commodities and equities.... tracking QE here in the US , bond yields have generally fallen when QE was announced but then risen as we have come to the end of the QE period ( QE 1 ,2 and 3 as examples.... )
Hi Fredw, yes what the bonds should do versus what they have been doing still amazes me. I think they should be yielding 25 -50% based on the amount of money printing going on.
Sinkhole looks like it could go at any time and the "patsy" looks the part.
The UK/Germany article was interesting in that it conforms to my thinking on the subject.
Evening Kev ! regarding bond prices , gravity has not been able to be repealed by Bernanke , The Troika or the Bank of Japan - at some point , bond prices will begin to move lower and yields higher. If I was going to guess which might move first , I would keep an eye on the JGB market for clues - interesting levels for the ten year would be .0 83 as a medium term target ( right before Japan announced 2 percent inflation target in 1/13 ) and shorter term 0.77 - 0.81 ( early departure of prior BOJ Chief and belief more easing measures would be forthcoming - timeframe 2/1 - 2/7/13 ) ... JGB ten year very volatile these days , huge intraday swings , ended at 0.64 Friday but yield was as high as 0.70 during the trading day ! It remains to be seen how long Japan can maintain its hold on the Tiger's tail aka JGB market ....
Imagine how big the sinkhole might be in a year or two - as they concede the darn things could grow for years !
Patsy may have had a pipe bomb but I don't think he caused that blast .....but he fits the patsy mold .....
Germany will keep things together until their Elections are over - then things will get interesting for Europe !
Sorry everyone for letting the last comment list get so long. I'll try to keep it down.
ReplyDeleteIt will be interesting to see what happens in Cyprus. Markets seem to be taking it in stride but once people figure out that they were raked over the coals by the banks, folks in other countries are going to start moving cash to the bank of mattress. Then watch as the house of cards starts to fall.
Hi CWIX, thanks for the thread and good luck with the new business. I think you're right about the mattress.
DeleteKev
Hey CWIX , good to see you putt a new thread up ! Good luck on your new business venture ! the two posts at the bottom are cyprus themed items...... top one focuses on Syria mess - which is going to be an even bigger clusterfuck than Libya when all is said and done....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/03/us-shipping-weapons-to-syrian-rebels-al.html
http://fredw-catharsisours.blogspot.com/2013/03/cyprus-aftermath-russian-prime-minister.html
http://fredw-catharsisours.blogspot.com/2013/03/lessons-learned-or-not-from-cyprus.html
Omnishambles Wednesday......
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/03/will-bersani-form-grand-coalition-with.html
http://fredw-catharsisours.blogspot.com/2013/03/greece-which-was-unique-fin-min.html
Good stuff Kev
Deletehttp://fredw-catharsisours.blogspot.com/2013/03/cyprus-banks-aka-glorified-atms-with.html
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/03/canada-includes-depositor-bail-in.html
Notice Canada is keeping up with the Jones regarding deposit snatches......
Hi Fredw, Yes I saw the new Canadian "bail in" options. I expect that idea to spread, there was an interesting graph on Zerohedge showing the withdrawals from the Cypriot banks in Jan & Feb, very obvious that someone knew to get their money out. I wonder if that information is available over here, may give indication of timing.
ReplyDeleteKev
The problem with the withdrawal data ( assuming it's available here ) is that it would be released after the fact - like the data for Cyprus pertaining to Jan / Feb came public after the fact.....Of course the insiders / connected folks will get the heads up to get out before all heck breaks loose ! Note in the post below that Cyprus knew what they were doing regarding their depositors was unconstitutional - and yet , they still screwed over folks and companies , for the most part Cypriots !
Deletehttp://fredw-catharsisours.blogspot.com/2013/03/cyprus-parliament-holds-off-vote-to.html
Hi Fredw, yes I was afraid that the data was not available, it would have been too easy. I feel bad for the Cypriots but I'm thinking that we will be joining them soon, I bet they really screw us over. I really think this is "end game" action, I'm not positive but I would think that Cyprus would have set off a chain reaction through the various complex and inter connected financial systems, possibly masked for now but I wouldn't think that it would take more than a month or two to be quite visible and painful.
DeleteKev
http://fredw-catharsisours.blogspot.com/2013/03/bank-of-cyprus-victims-big-deposit-hit.html
ReplyDeleteThe Slog has an interesting post discussing imposition of Eurogroup capital controls - maybe as soon as over this holiday weekend or next week if we see seizing in markets.......If we were to see something like that go down in europe , panic would cross the Ocean in a hearbeat ! Something to ponder .......
Really good post and yes the panic will cross the ocean in a heartbeat. Kev
Deletehttp://fredw-catharsisours.blogspot.com/2013/03/coordinated-global-looting-blessed-by.html
ReplyDeleteGlobal looting news items.....
http://fredw-catharsisours.blogspot.com/2013/03/fps-russia-compound-raided-by-atf-and.html
Government really has the eye on FPS Russia .....
I imagine that they have had the "eye" on them a while, just being a bit more open about it now. Kev
DeleteHappy Easter Kev and for all who celebrate the holiday today ! Keeping an eye on Cyprus , a post below regarding the latest items of note there ... As mentioned in my prior posts on Cyprus and looming deposit snatch schemes popping up in Canada , the US , UK , Spain - as well as bank warnings to their customers that deposits may be at risk , I think we shall see scenes of desperation shortly in Cyprus. The situation may well turn out to be more drastic than in Greece . The difference between Greece and Cyprus is that the banks were actually bailed out - in contrast , uninsured deposits in Cyprus have been looted - there is no polite way to say it. Even more of a concern , is the lockdown on the sums below 100 , 000 euros .And as this applies to not just individual / household accounts , but also commercial accounts , the combination of the uninsured deposit looting / capital control imposition , will completely shutdown commerce as there is no liquidity - on 300 euros a day, how does any... sizable business pay employees , provide employee benefits , how do businesses pay their rent / pay suppliers / buy fuel , obtain or maintain insurance - especially when checks are forbidden , limits are in place for credit transactions ? Yet this is what the Troika sought and obtained in Cyprus - and so this situation can only continue so long before implosion . The cypriot experiment looks at : how much money can be stolen without armed rebellion by citizens and if a rebellion occurs , how may police / military troops are needed to put it down ; will the police / military of the victim- state fail to enforce Troika law , how do we impose Troika law and deposit theft despite lack of local support ; will the cypriot template work in Spain and / or Italy and does failure to trigger banks runs in Spain and Italy signal silent acceptance by the sheeple in those countries ; if we manage to steal deposits in Cyprus , Spain and Italy and wipe out commerce in the process in those nations ( subject to Troika arbitrary dictate and rule making ) , can we extend the blueprint to France ? And soon , and so on.....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/03/cyprus-updates-march-31-2013-imfs-delia.html
Happy Easter. That's a really good description of our current situation, I admit I'm perplexed as to why they went this route. I certainly don't think they are stupid, though I don't think they are necessarily that smart either, just more evil, manipulative and greedy than the masses can believe. Maybe it's just the greed going to their head or they were "forced" to because any other action would have imposed losses on them or they know the old systems nearly dead so they are bleeding it dry while they can. Whatever, I think time is short for what we call normal life.
ReplyDeleteKev
Kev , these folks are to smart to not have thought this through..... thus , there are desired outcomes being forced into place. we have several class of actors here - we have the " true believers " EU Elitists who will die or more likely kill to see their Elitist NWO Agenda achieved - class one . Then we have their tools - the politicians who sell out their countrymen and fellow eurozone citizens , corporate elitist robber barrons who go along with NWO as long as their pockets are lined - they are class two. Then we have the victims - unrepresented by politicians on a realpolitik basis , small and medium businesses who are screwed over ( Cyprus is a good example of recent vintage ) , average and unconnected citizens who find out after the fact what the new rules of the game are - they are class three. Finally we have the underclass - totally dependent on State government handouts , will go with which way the wind blows but unlikely to kick sand until the benefits get cutoff - they are class four.
DeleteA couple items of the day / weekend ..... interesting stuff !
http://fredw-catharsisours.blogspot.com/2013/04/eurozone-roulette-news-for-u-put-bullet.html
http://fredw-catharsisours.blogspot.com/2013/04/greek-manufacturing-pmi-dropped-sharply.html
http://fredw-catharsisours.blogspot.com/2013/03/a-no-country-for-old-men-scenario-in-in.html
http://fredw-catharsisours.blogspot.com/2013/03/louisiana-sinkhole-updates-march-31.html
Like running late today :) Kev
DeleteI would say ! Lol
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/bitcoin-some-words-of-caution-as.html
ReplyDeleteI smell a rat - kinda seems like the dutch tulip mania from years ago ...... a billion doolar alleged valuation backed by nothing at all ! Just seems like folks are cruising for a bruising.....
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april.html
Bitcoin/con on a tear - gold ans silver near important support , ahead of the typical friday NFP beatdown ....... interesting !
http://fredw-catharsisours.blogspot.com/2013/04/european-manufacturing-pmi-for-march.html
slow relentless grinding of the gears continues in europe.....cyprus is such a clusterfuck !
Cyprus had their own oil refinery 10 years ago using crude from Russia through Syria. Then they shut it down,started importing finished petrol products at a higher cost and joined the EU.
DeleteIn 2010 Dutch co Vitol started building a major Cyprus fuel storage hub right next to where the big explosion was at the navys base next door in 2011,blowing up the power plant knocking out half the island's power.
Another fun fact I found is the North part of Cyprus is still occupied by Turkey which does not recognize the EU's posession of S Cyprus and the UN considers Turkey's occupation hostile and is one reason their admittance to the EU has stalled. Cyprus was in the Ottoman Empire and Turkey wants it back along with Syria,etc.(MB Arab Spring and all that)
The island is a stratigic conquest for the EU as a refueling base for the attack on Iran , was there ever a time when it wasn't in the middle of a pissin' match ?
What a fuster cluck, indeed ;-)
above from NW Guest
DeleteHey nice to hear from you NW and yes it's f'd up.
DeleteKev
Hi Fredw, I have to agree that Bitcoin may not be a good buy but then again when you compare it to a dollar in the bank it has more things in common than not. Neither represents something of real value and only have value because of the confidence of the users. Main differences are bitcoin is not issued by a government, has a known and finite quantity, isn't as widely adopted, requires more effort to use and very easily transported. Both have risks, loss of confidence, theft, fire, etc. but bitcoin may be an additional basket if you looking to spread your "eggs" around.
DeleteKev
Morning Kev and good to see ya NW - my take on Bitcoin is that I really don't have a clear take on what it is - I read what folks think it represents , I note that the PTBs are clearly concerned about its potential and have taken steps to control it . My post urging caution ironically was started right before it really roared over the past few days . so , the idea was just cautionary !
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/aryan-brotherhood-mexican-drug.html - Kinda figured a business connection ( drugs ) was at the root of the killin of the prosecutors. Always follow the money trails
http://fredw-catharsisours.blogspot.com/2013/04/bank-of-japan-unveils-all-in-qe-ploy.html - there were two huge moves - the initial drop in yields from 54 bps to 32 bps - then the fierce reversal to 65 bps ...... This really could be huge if a trend is developing in the JGB market ! Imagine the carnage in that market overnight ?
http://fredw-catharsisours.blogspot.com/2013/04/louisiana-sinkhole-updates-april-3-2013.html Good flyover and recent photos of Lake Fubar......
Hey Fredw, just got back last night from a trip, took my oldest daughter to tour William & Mary, which she loved.
DeleteI think caution related to bitcoin is a very good thing and I would not park very many eggs in that basket, though might be good to get your feet wet so to speak, because it is not an easy process.
AB and drugs sounds very plausible, I would bet money trumps race every time. Japan is just crazy and just makes me more sure that financial mayhem is just around the corner. Lake Fubar may just be getting started, I think it has the potential to become a big time SNAFU.
Kev
Good morning ! Three items to consider over your morning coffee - first a quick around the horn from europe - cyprus coverage ( good piece from The Slog ) ..... the second focuses on an item of particular concern / escalation one might say , concerning North korea - keep your eyes on 4/15 ....Finally , note fake silver coins are being placed into the market place... Off to do Saturday chores....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/are-we-watching-slow-motion-break-up-of.html
http://fredw-catharsisours.blogspot.com/2013/04/is-us-planning-preemptive-strike.html
http://fredw-catharsisours.blogspot.com/2013/04/tungsten-silver-found-fake-silver-coins.html
The slow motion breakup appears to be picking up speed from my vantage point :) The fake silver eagles look pretty good and if they show up in mass it will be very beneficial to the Fed's goal of keeping interest in dollar alternatives down. Hmm, I wonder.
DeleteI don't think we will move on N. Korea, I think they pose a real military threat (despite our propaganda) and we are just trying to apply pressure thinking that may start a coup/ revolt. Shit may get real by accident but think it's just a dangerous game right now.
Kev
Good afternoon - regarding North Korea - it's interesting to note that now the US seems to seeking a face -saving way out as they seem to understand they may have overplayed their hand. North Korea has show no signs of backing down and has escalated tit for tat - and then some. Shutting down south Korean access to Kaesong indicates they are quite serious .
ReplyDeletehttp://www.businessinsider.com/south-korean-firms-stop-work-at-kaesong-2013-4
Looking at a few things and trying to put them in context , it's interesting to consider demand / interest in Bitcoin with the overall sense that things are falling apart with banks , the eurozone , the fact that there is no honor among thieves ( depositors just learned they re thieves ) ..... still think Bitcoin is a trap - but one can see why folks are interested and willing to gamble with it.
http://fredw-catharsisours.blogspot.com/2013/04/bitcoin-reflection-of-de-facto.html
Good morning all, I agree, very interesting that we are easing up on NK, similiar to how GWB called them crazy but after a "failed" NK missle test he suddenly became more polite. And with bitcoin, I agree it may be a trap but could be the real thing and in a bubble and still wipe out. Though if it is a real peer to peer exchange mechanism with a known limited quantity and it stays reasonably secure then it could go to the moon in terms of fiat. There appears to be nowhere and nothing that is safe anymore, especially banks but even bills under your mattress could be subject to a rule change that would render them virtually useless over night. There is no clear cut path,interesting times indeed.
DeleteKev
Good evening - Bitcoin still on a tear today - but gold and silver ( especially silver ) showed some leg today..... here is what seems to be going on there......
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/has-run-on-comex-regarding-gold-and.html
Greece , Cyprus items of note .... we seem to be building for another "moment " in europe..... note Italy and Spain items as to who has bought their sovereign bonds !
http://fredw-catharsisours.blogspot.com/2013/04/japan-bond-market-sees-third-trading.html
Can Japan hold the JGB market together ?
http://fredw-catharsisours.blogspot.com/2013/04/will-cancelled-bank-merger-in-greece.html
Hi Fredw, great links, still amazes me that the market can go up with the news we have, I guess overpriced stocks are at least not dollars :) And no, I don't think Japan or anything else holds together.
ReplyDeleteKev
Good evening Kev ! Well , Bitcoin got yanked around like mad today ( tulips... )
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/bitcoin-finally-a-day-of-total-mayhem.html
Markets ? You mean interventions , right ? What is the real difference between Bitcoin and what we see almost every day whether we talk stocks / bonds - consider sovereign debt in europe / Japan / US and relate the prices to the data ......
http://fredw-catharsisours.blogspot.com/2013/04/industrial-output-falls-in-france-italy.html
We live in interesting times , all i/ can say right about now....
http://fredw-catharsisours.blogspot.com/2013/04/news-that-makes-you-go-hmmmmdid-you.html
Hey Fredw I'm hoping the btc's drop some more. Still don't think it's tulips or ponzi though still may be crap but I'm sure what I'm holding is decomposing as we speak, so at least it's fresh Yes you are right it's all rigged.
ReplyDeleteHmm, indeed, the drone's are the scariest thing in that post, loved the terminator movies.
Kev
Evening Kev - I updated Wednesday bitcoin post with items of the day - looking at the three big markets for bitcoin based on USD , you could have bought the virtual currency in the forties - quite the drop from yesterday. Of course , Mt Gox closed for 12 hours and they represent 80 percent of bitcoin trading......Regarding the lower price , if it open Friday , yu will get your chances I am sure ! Lol
ReplyDeleteBTW , I think apart from Mt Gox , some of the bitcoin markets are having issues this evening - checked a couple and bad getway popped up
http://fredw-catharsisours.blogspot.com/2013/04/hacker-demonstrates-how-to-use-android.html - Just when you hoped it was safe to fly....... you learn that you are completely at risk ! Read and wonder how this could be 12 years after 9-11 .....
http://fredw-catharsisours.blogspot.com/2013/04/comex-silver-inventories-fall-off-cliff.html gold and silver physical disappearing - quietly of course , very quietly !
http://fredw-catharsisours.blogspot.com/2013/04/north-korea-updates-as-north-korean.html If North Korea has nuclear missile capability , they can EMP South Korea , Japan and perhaps the US......This is why an attack could occur.
http://fredw-catharsisours.blogspot.com/2013/04/welcome-to-virtual-markets-fundamentals.html a measure of how screwed up is the virtual market effect of propping up everything equity related ( except Shanghai ) and just look at sovereign europe debt ! what a joke......
Hi Fredw, the last link was especially good,the "EMU curdles" . Bitcoin, gold, silver all hammered but I get the feeling that it was coordinated, somebody doesn't like competition.
ReplyDeleteSo where do I get that airplane ap :)
Kev
Kev , the question is who might have and actually use the Android Ap ? To the point you made , I was connecting some dots - check the post below.....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/gold-and-silver-are-seeing-bifurcation.html
Cyprus and Greece , like looking at two sides of the same troika wasteland coin ( but the head side is different from the tail )
http://fredw-catharsisours.blogspot.com/2013/04/cyprus-updates-april-12-2013-ecb.html
http://fredw-catharsisours.blogspot.com/2013/04/greece-updates-april-12-2013-troika.html
Wag the dog in full effect.....
http://fredw-catharsisours.blogspot.com/2013/04/us-raises-nuclear-alert-to-defcon-3.html
virtual US equities in full effect....with Japan bond market troubles , the troubles in Europe and poor consumer confidence , railroad loading at levels not seen since early 2009 , horrid retail sales .... why was there no sell off that could stick today , especially on a Friday going into a very uncertain weekend ? We are just living in crazy town....
http://fredw-catharsisours.blogspot.com/2013/04/friday-markets-wrapus-stocks-impervious.html
This will produce discomfort.....
http://fredw-catharsisours.blogspot.com/2013/04/greece-reintroduces-concept-of-post.html
http://fredw-catharsisours.blogspot.com/2013/04/friday-markets-wrapus-stocks-impervious.html
All good links, too many to respond to but I do think they all hit the "flavor" of the times. The "Airplane" clip didn't play for me but I remember it well and it's very appropriate. I really don't understand how any one in a bail out country could think that their politicians work for any one other than the banks and the especially the banks in Germany. I read a long time ago but never bought into the theory that Germans and Japanese were continuing WW2 clandestinely, even though I remember the guy made at least some very good points. I need to remember where I read that and give that another chance. Especially since it seems that they are hellbent stealing gold any where they can. Kev
DeleteMorning Kev - one thing that I have found fascinating ( whether we look at Greece , Cyprus , Spain , Italy ) .... while austerity has been the subject of protests even riots , the good citizens in all of the referenced countries still want to remain in the euro ? My question is why , that makes absolutely no sense , it's why their countries are suffering ?
DeleteWhy do folks refuse to credit what their eyes reveal to be true ( referring to corrupt pols serving their true masters and committing treason as to the citizens they ostensibly represent ) , think " semmelweisreflex " ( wikipedia definition snipped below )
The Semmelweis reflex or "Semmelweis effect" is a metaphor for the reflex-like tendency to reject new evidence or new knowledge because it contradicts established norms, beliefs or paradigms.
The term originated from Ignaz Semmelweis, who discovered that childbed fever mortality rates reduced ten-fold when doctors washed their hands with a chlorine solution between patients. His hand-washing suggestions were rejected by his contemporaries (see Contemporary reaction to Ignaz Semmelweis).
Regarding Japan and Germany still fighting the last war - revenge is still a dish best served cold. Why should we assume they have forgotten what happened or forgiven the " Victors " ? Regarding Germany - they have had two world wars to ponder as to how best to deliver payback !
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-silver-report-april-13.html
ReplyDeleteFascinating news and views regarding gold and silver...... the Maguire interview is quite good !
http://fredw-catharsisours.blogspot.com/2013/04/cyprus-central-bank-uproar-note-board.html
Cyprus update - situation with Central Bank of Cyprus is quite interesting , to say the least !
http://fredw-catharsisours.blogspot.com/2013/04/super-cyber-attack-looming-additional.html
If we see a massive cyber attack , this could be the cause....
http://fredw-catharsisours.blogspot.com/2013/04/chemical-warfare-looming-or-underway-in.html
Notice how Syria has kinda fallen off the msms radar with all of the hysteria with North Korea ?
Good articles on the gold smash down, cheaper is better if you aren't selling. The Cyprus updates are interesting but sad, I hate to see them raked over like that, I hope the population is able to take some action to prevent the total looting of their country. Syria must be winning. Kev
DeleteEvening Kev ! Smash down continues tonite - Asia plays catch up from Friday , margin calls must be flying like mad. And we know what London will do Monday morning - get you popcorn , they may try to take gold under 1400 monday and silver will fall faster on a percentage basis than gold ( it usually does. )
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/shinsei-bank-japans-6th-largest-bank-to.html
Shinsei Bank seems to be putting capital controls in place - haven't seen any other Japanese Banks follow their lead - yet .
http://fredw-catharsisours.blogspot.com/2013/04/after-greece-and-cyprus-inquiring-minds.html
Germany winning in peacetime what they failed to achieve in two World Wars - control of Europe !
http://fredw-catharsisours.blogspot.com/2013/04/china-launches-currency-swapline-with.html
China winning in peacetime what they wouldn't win through War too ! The power axis of russia and china , will see germany climb aboard - when the saudis join up it will be game over for the USD....
He Fredw smashed down below 1400 and probably more tomorrow, still reeks of extreme manipulation driven by desperation. and I still think that something big and nasty must be just around the corner. First Bitcoin then the PM's I wonder which shakes it off first.
DeleteThought this was a good quote “Germany would be alarmed that other countries might do the same so it would take a very tough line.” Germany is the european union evidently, what number is this for them, fouth? I'm getting more on board with that scenario.
Kev
ReplyDeleteEvening Kev - what seems to be going on with the PMs is both the clear manipulation but with technical support coming from Japan - see the posts below....
Germany has leverage and no concerns about dropping the hammer ( Greece , Cyprus ) , other bailouts for Portugal , spain's Banks and Ireland were much more suer - friendly for the sovereign ( rest assurred the second bailouts for these countries will be Cypriot - like ! )
What to watch for next - when does the sovereign bubble burst for the PIIGS ?
http://fredw-catharsisours.blogspot.com/2013/04/all-eyes-on-ongoing-gold-and-silver.html - more of the focus on the manipulation ( note how extreme the selling is despite fundamental supply issues - not just gold but even more so for silver. )
http://fredw-catharsisours.blogspot.com/2013/04/asian-lower-open-compels-further.html - more of a focus on the technical aspect coming from Japan pressures....
Hi Fredw, I think the Boston incident is looking a bit Sandy Hookish, seeing articles on FB pages being up prior to, another tool in their toolbox to clamp down before TSHTF? There are other telltale signs popping up, drills being run, personel in place.
DeletePM's bouncing back some today, I'm expecting a moon shot eventually, just don't know if this will be it. Not sure it will matter what the price is in fiat over the long run,
Kev
I am taking a wait and see view on boston - very early in the investigation , don't want to jump the gun there ! I also saw the piece where the UM coach saw bomb sniffing dogs at both the start and finish line , there supposedly reports that two persons of interest being sought - one person seen on a roof near the finish line ( just prior to the bombs near the finish line exploding ) and a person who tried to gain access to a restricted area prior to the bombing. Conversely ( as happened at Sandy Hook ) , some of the early reports - such as numerous unexploded bobs being found / cell service being turned off , have been inaccurate. So , I will wait and see what develops before reaching conclusions here !
DeleteGold and silver experiencing a " dead metal " bounce so far today - it remains to be seen how the relief rally plays out. Of course , considering the magnitude of the friday / Monday routs , that will make this Friday's COT very interesting reading indeed ! It will interesting to see how the bounces plays out during the day - margin calls should hit this morning for yesterday's carnage , CME is hiking margins on gold and silver and a lof of " technical " damage occurred for gold and silver the past two trading days . so , we shall see what we shall see !
http://fredw-catharsisours.blogspot.com/2013/04/iraqs-bloody-monday-75-killed-356.html Iraq perspective - bombing occur across Iraq every day.....
http://fredw-catharsisours.blogspot.com/2013/04/second-earthquake-in-iran-in-about-week.html Two quakes in a week , different parts of the country .....
http://fredw-catharsisours.blogspot.com/2013/04/gold-and-silver-smash-down-halts-on.html some good stuff on the smash downs......
Good stuff Fredw and I don't doubt they will try another raid on the PM's, but there have to be a few buyers of size out there that are waiting to step in, if not then maybe they will drive it so low that I can pave my driveway in silver and maybe a gold brush guard for my 4 runner. Yes I know that much weight would hurt the gas mileage, but the gas prices ought to come down too. (humor off) Still smacks of desperation to me, just don't see how they can continue this level of attack for very long, i wouldn't think that they have unlimited resources or at least the ability to use them without causing themselves other problems.
ReplyDeleteIraq is interesting, wonder who was sending a message to who.
Kev
Evening Kev ! Tuesday is the last day of the week for Commitment of Traders Report - not surprisingly , we saw the dead metal bounce today , which faded to a certain degree as the day wore on.... So now we see what Wednesday , Thursday and Friday bring !
DeleteStill see the PMs heading lower near term , but who knows unless you have the playbook ! Lol Not sure whether to peg what we just saw as desperation or a surgical strike - of course , by bring prices down for the PMs , how many more tons have gone to China , India , GCC countries et al ? The answer to that will be if we see American Eagles unavailable for even longer stretches of time or just unavailable....With the supply issues coming into play , the price for silver and gold are inconsistent with fundamentals , but what the heck ! After the past few days , the numbers at Comex should be quite interesting - force majeure looming at Comex and LBMA ? Jim Willie thinks so , Andy Maguire thinks so - now that doesn't make it so , but those are opinions to consider ....
Iraq at some point breaks up into Kurd / Shi'a and Sunni - the problem is Kurds and Shi'a have the oil , Sunnis land nothing but rocks , sand and camel spiders...... not exactly equitable split as far as the sunnis view things. Shia have control and not willings to share power or give more autonomy to the Kurds - but will they fight them ? So , we have a triparte civil war in Iraq - on display for the world to see !
Couple of posts - Boston Marathon and today's Ricin letter .... recall a similar scenarion with 9-11 and Antrax in 2001 ? Pivot after one day from Al Qaeda to possible domestic terrorists - without a lick of evidence ...... is interesting !
http://fredw-catharsisours.blogspot.com/2013/04/similar-to-post-9-11-attacks-antrax.html
http://fredw-catharsisours.blogspot.com/2013/04/patriots-day-terror-attack-in-boston.html
Good morning Fredw, I think it's possible that the Comex goes boom but who knows. Something somewhere should be under pressure.
ReplyDeleteIraq is puzzle, don't forget that usually we end up supporting Sunni's as long as they do what we say.
The letters must be another clue, additionally there is the timing to consider, a lot of strange things seem to happen in mid April, the ok bombing, VA tech shooting, the well blow out and I'm sure I'm forgetting a bunch. Based on a long ago article, I seem to remember that there was a long list and their theory related it to being a "blood sacrifice" time for the owl followers. As long as we are taking the red pill, might as well consider some of the stranger possibilities.
Kev
Evening Kev ! Something has to give - if price gets pushed lower , physical gold goes bye bye . What's interesting to noteis how tons of gold have vanished from the GLD ETF , meanwhile the SLV ETF has been essentially static since 4/8 ( there was a million ounces out of more than 300 + million ounces there that left the SLV RTF in the past day or so , but for the most part , the inventory hass been static. ) A big drain was previously reported from eligible side of COMEX ( mainly the JP Morgan vault ) ......So , while the manipulation can impact price for awhile , the cost is physical gold and silver become ever more scarce. Silver is being impacted as shown by American Eagle shortages and rationing and the big mine collapse will impact both metals going forward as supply will be impacted for the foreseeable future.
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april_17.html
Iraq is a quagmire and the lesson learned is ill planned intervention result in de facto failed states ! Iraq , Afghanistan and Libya presently , Syria and Mali in process. Also , in contrast to your point on supporting Sunnis , we dumped Sunnis there and installed what we thought would be a puppet a Shi'a regime ( which turned on us and booted us out the country. ) Sunni support has been GCC nations - who will turn on us in the medium term as well. Keep in mind , whether Sunni or Shi'a , both sects consider non muslims as infidels so there is no love , merely politics.
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april_17.html Philly in trouble ? Mish puts the City of brotherly love in the spotlight !
April is strange - do these things happen after tax season is over and the sheeple have been sheared for the year ? check this list - note how many fall after tax day ( exclude the date before income tax made permanent - 1913 , for perspective ) All but one is after 4/15 !
http://www.wtoc.com/story/21991223/timeline-april-tragedies-for-the-us
Europe watch - early morn and evening wrap - lots going on , many moving pieces , further indications things coming undone again !
http://fredw-catharsisours.blogspot.com/2013/04/morning-news-from-cyprus-greece-and.html
9- 11 had antrax follow shortly thereafter .... Boston has seen Ricin letters and now a power substation attack....reposted for the gun attack Tuesday on the power substation news.....
http://fredw-catharsisours.blogspot.com/2013/04/similar-to-post-9-11-attacks-antrax.html
Hi Fredw, lost my comment before I could post it very weird. Love Nigel and agree something has to give on the PM's, I think they wanted people to get scared and sell and instead it looks like most think it's a "sale".
DeleteThe timing of the letters and the fact that they are so ineffective just add to my suspicion about Boston. That and the always present amazingly relevant drills, hijack drills on 9/11, tube bomb drills on 7/7, etc.
Kev
Evening Kev - I waited a little while ( sadly one doesn't have to wait too long ) , to see what the official narrative was / how long until the edges of the official story got ragged / what things didn't make sense / waited to see whether " drills " run / waited to see if other actors possibly present....... Less than a week and even discounting " postcards from the edge " stuff , enough to make you go Hmmm......
DeleteTaking Boston / Ricin Letters / Waco explosion - maybe 50 / 50 suspicious for Waco ...... the least one can say is that we have collectively had quite the week ! One question though - to what particular end are these events geared to achieve ? Individually , different parts of the country , different modus operandi. What ties them together ? Taking them together - IMHO ( especially when one notes the Ricin guy who was caught - domestic terrorist mold / two alleged perps from FBI news conference don't look Middle Eastern - another domestic terror event perhaps / Waco event so close to the Anniversary of Waco debacle from Janet Reno era - and another domestic terror event ?
Also , Obama speculating the Boston attack took place on Tax day and could be domestic terror ......CNN early on opining Boston could be domestic terror ..... Ricin guy / Elvis impersonator clown - claimed lunatic fringe conspiracy theories , definitely D.T type ! Domestic terror seems to be chosen mem , fits in with desire for gun control / further TSA / DHS steps to " protect us " coming for sure !
http://fredw-catharsisours.blogspot.com/2013/04/fbi-releases-photos-and-video-of.html Round up oddities , interesting stuff....
http://fredw-catharsisours.blogspot.com/2013/04/reuters-jumps-shark-declares-george.html Who did he piss off ?
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-and-silver-report-april_18.html divergence between physical and paper growing...... and note the growing scarcity !
Morning news.....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/overnight-news-asia-and-europe-in-focus.html Greece piece most interesting - naked capital article shares the real deal
http://fredw-catharsisours.blogspot.com/2013/04/mena-comes-to-south-america-argentina.html state of play in Argentina.....
Interesting times, I'm guessing that the current Argentine government is U.S. approved, I hope they toss them out.
ReplyDeleteKev
Kev - no way that Government is US approved ! Lol Kirchner is a loonie tune for sure.....Argentina has battled the banksters for decades since the devaluation of their currency and the debt repudiation..... but she has done serious damage to her Country and the folks there are getting tired of her shenanigans !
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/fed-governor-stein-joins-global-chorus.html some things you just can see coming from a mile away.....
http://fredw-catharsisours.blogspot.com/2013/04/physical-gold-questions-how-much-gold.html keep an eye on inventory at the GLD ETF..... there has been a nice run on withdrawals this month - when that flatlines , could be game over and no more actual gold to pilfer !
http://fredw-catharsisours.blogspot.com/2013/04/physical-gold-questions-how-much-gold.html Looks like one of those drills we have seen for awhile - just on a huge scale ! Photos are pretty shocking and imagine , just two guys put a major American City on total lockdown !
While I shouldn't trust wiki they sometimes influence my thinking this lead me to be believe she was US supported "Critics of Kirchner's administration charged it with corruption, crony capitalism, falsification of public statistics, harassment of Argentina's independent media and use of the tax agency as a censorship tool.[3][4][5][6][7][8]" but further reading of the does suggest that she is perhaps not. I still get easily confused by who is banker supported, or is but pretending to not be banker supported and a real actual rare good guy.
DeleteA mile away if you are looking, seems most I know have their eyes shut hard. It is nice of them to give us that are looking a little further reinforcement. Must find more baskets.
The PM's are very interesting, maybe TPTB will actually lose control of them. If so that big dominoe is going to make quite the splash.
found the link on the brothers, all very surreal, almost seems scripted.
Keep up the good work, Kev
Morning Kev ! Argentina's Kirchner is somewhat like the Dear Leader in North Korea - not really controlled by West or Eastern PTBs , loose cannon prone to say anything for effect. Difference with Kirchner is she is not reliant on China and doesn't share a border with them ( BTW , notice how " quiet " NK has become ? No missile launch , no more talk of nuclear war - they didn't do squat other the STFU . Guess China told the little man to sit down and be quiet.... ) Saturday updates on the PMs - physical buying explosions globally indicate TPTB have lost control as they can't control demand when price is artifically lowered and now there are real issues concerning supply !
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/saturday-gold-reports-news-and-views.html
Items from Serf States Greece and Cyprus - what we are seeing there is the reality of austerity.....
http://fredw-catharsisours.blogspot.com/2013/04/greece-and-cyprus-updates-april-20-2013.html
Fault Lines - by Doug Noland and from China / Japan !
http://fredw-catharsisours.blogspot.com/2013/04/fault-lines-doug-noland-friday-missive.html
Wow Fredw, that was a lot of reading. No comments, I just feel the need to get working on some various projects I have going, finish my rocket stove, get the garden started, do some shopping etc. Time is feeling very short.
DeleteHave a great day.
Kev
http://fredw-catharsisours.blogspot.com/2013/04/boston-marathon-questions-of-day-were.html
ReplyDeleteStranger and stranger ..... Just wondering how someone actually gets a " Terrorista Number 1 " car tag ( UMASS Dartmouth ? ) , drives around with that tag on an allegedly stolen BMW - without being stopped by Police ? The Editor for The Onion must be fired immediately for that presenting parody like that !
http://fredw-catharsisours.blogspot.com/2013/04/west-texas-humongous-explosion-on.html
West Texas explosion and Ricin letters also questionable events - three F.F events in a week ? When do we see the big one ?
Kerry had a Istanbul meeting today with Syrian Oposition and is off to NATO meeting in Brussles next week:
Deletehttp://www.foxnews.com/world/2013/04/20/us-allies-look-to-bolster-syrian-opposition-at-meeting-in-istanbul/
http://www.europolitics.info/external-policies/kerry-in-istanbul-and-brussels-art350492-44.html
And UK, France have given UN 'evidence' of Syria using chemweps mulitple times:
http://www.prisonplanet.com/britain-and-france-claim-%e2%80%98evidence%e2%80%99-of-syria-using-chemical-weapons.html
NW
Yup , I saw both of those items ! Guess the Syria campaign is about to heat up ! And with the US on the patriotic bandwagon afterBoston , what better time to strike ? Sorry about the density of some of the posts - both you know I get detailed ....BTW , check this out about the brothers.... the older brother may have been captured alive ( as per the video ) - and as he was made to strip and then placed handcuffed in a police vehicle , wonder he got those death wounds ? And how did the younger brother get his neck wound allegedly from shooting himself in the mouth with a gun ( but the surrender photo when he was stepping out of the boat don't reveal such an injury ? Finally , they didn't even get the younger brother name right in the Telegraph piece !
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/video-of-tamerlan-tsarnaev-captured.html Older brother captured alive but then somehow winds up with death wounds while captured apparently .....
http://fredw-catharsisours.blogspot.com/2013/04/boston-marathon-questions-of-day-were.html this is long , lots of interesting stuff ....... lots of questions which hopefully get clarified .....
I wasn't complaining about the length of your posts, just left me speechless and wanting to take some action. Just waiting on the kids now, has been a productive morning.
DeleteSomething smells with regards to the Boston thing, and now that you've pointed some things out, also the west tx.
Kev
Good evening Kev - with three dubious events in the span of several days ( and the sheeple none the wiser , even cheering the Authorities on ) , it would seem the stage for something bigger has been set. Imposing martial law on Boston and intrusive , over the top SWAT Team door to door searches , didn't set off the alarm bells for folks. While it seems clear to me there is no coincidence that there i an agenda to create fear and justify clampdowns on citizens for " protection " , what isn't clear after last week is who becomes the patsy country ? No tie in to Iran , North Korea or Syria - in fact , one might say Syria ( despite Secretary Kerry's declaration that the US will provide military aid to the Rebels ) gained from the Chechen adventure , as the Russian argument that removing Assad will destabilize the Region ( and put Islamic Radicals like those allegedly involved in the Boston Marathon situation in power ! You even apparently had Russian Secret Police working the Boston job - yes , Russian here in the US solving a US terror case !
DeleteThe video of the older brother apparently surrendering very much alive ( if that wasn't him , who else was arrested under those circumstance early Friday morning ) and then abruptly showing up at the Hospital near death or already dead , was compounded by the mysterious wounding of the younger brother - but did we really expect he would tell his tale ? So now we watch and wait to see what follows this . Whatever it is , it will be bad. The past week was conditioning - the big one will be WMD , probably nuclear. On that front , recall last week ( there actually were 4 events when you factor in the attempted sabotage of the power plant facility and associated cutting of telephone lines , on the West Coast ) If we see a nuclear plant sabotaged by alleged domestic terrorists and Fukushima type harm from explosions , that would further the looming clampdown - and would justify a rash of Executive Orders for security , like emergency gun control measures that can't pass through Congress.
You might recall I had a sense something was coming a couple of months ago , that whatever came down the lin wouldn't happen until after Tax Day - didn't expect the gun to go off right on 4/15 though.....But keep your eyes peeled , strange things are happening and stranger things wil occur before it's all said and done.... check this out ! Remind you of the Memorial pages for Sandy Hook that allegedly popped up before the Event ? did some one jump the gun , just a hoax and product of a sick mind ? who knows , just noting that is out there ....
http://beforeitsnews.com/strange/2013/04/nuke-event-in-la-april-28th-facebook-page-memorial-set-up-days-ago-2448402.html
Couple of other odds and ends..... Bernanke looks like he rolling out , maybe before August .... Can you blame him really ?
http://fredw-catharsisours.blogspot.com/2013/04/ben-bernanke-announces-now-that-he-will.html
Last item is a post - martial law on display. didn't recall if I posted this , but I found a SWAT Team door to door search video today..... chilling stuff ! This will be coming to your town and mine - get ready for it......
http://fredw-catharsisours.blogspot.com/2013/04/martial-law-on-display-boston-totally.html
Okay the Boston searches were just creepy, and the fact that most people don't even care is even creepier. The official storyline stinks on all fronts. We are a vastly different nation from what I believed we were 20 years ago.
ReplyDeleteYes I recall you had this time period while I was hedging with the whole year. I'm still hoping that this stuff is just to distract and bleed off the herd's emotion before an ugly economic event but your scenario seems very plausible.
Facebook thing isn't like the prior early pages, at least the sandy hook one was tied to an existing charity, I'm not sure about the one last week, I skimmed the article only. This one didn't seem as legit but I'm a long way from LA so I can think that.
Keep up what you are doing and let's hope the internet stays up for us whatever comes this way.
Kev
Earth Day/Lenin's birthday,coincidence?
Deletehttp://spectator.org/archives/2013/04/22/happy-earth-day-and-lenin-day
NW
Only if something goes boom ! Lol
DeleteEvening Kev - looking at the search ( and reflecting on the cheers in boston and USA chantes ) , brought the thought to my mind those folks who were put out there homes during the " voluntary " house to house searches , probably weren't cheering . but we won't hear those voices !
DeleteOn the FB page - sometimes I see something that I want to file away , save to see if events match predictive stuff like that.....
Hopefully the net stays around - you get so much more " interesting intel / information..... naturally lots of filtering needed to sort through silt to fing what may be gold ( sometimes fools gold. )
Some items to ponder.....
http://fredw-catharsisours.blogspot.com/2013/04/canada-allegedly-foils-todays-terror.html Canada terror plot foiled ( bad Al Qaeda acting out ).... Some items of interest regarding Boston....
http://fredw-catharsisours.blogspot.com/2013/04/although-denied-by-fbi-recall-that.html Drills for May - D.C drill sounds like something to kep an eye on , have to see what if anything filters out on the " radiological " drill there .....
http://fredw-catharsisours.blogspot.com/2013/04/bp-gas-explosion-cover-up-why-are-we.html BP truth slowly leaking out.......
http://fredw-catharsisours.blogspot.com/2013/04/gold-silver-news-views-and-harvey.html good stuff on the PMs.... GLD ETF still leaking tons of gold , another 19 tons from Friday ! Compare with SLV ETF , essentially static since 4/8.....When GLD sales halt , that's when things get interesting ! GLD going flat on sales means London could be tapped out - then the focus for physical will go to Comex and we may see sales accelerate there as Asia moves to retrieve its physical gold . As things stand , I think Comex / LBMA default IF folks stand for delivery in size for June gold - with GLD being emptied , where do they find gold for delivery in size IF Comex can't fill the void ? Comex presently has about 71 tons at the Registered or Dealer , yet June OI exceeds Comex gold at the dealer ( that leaves i72
tons in the eligible or customer accounts ( ML Global time ? )
For perspective , recall Comex dealer gold is 71 tons - the GLD ETF has lost 79 tons just between 4/10 and 4/22 ! So once GLD flatlines , Comex could get pressured real fast ! Those customers , unless they get their gold out fast , are going to get " Corzined " !
Yes much pondering, we are on the same page as usual. This is an interesting video DAHBOO77 youtube .
DeletePM's could still get smacked down again, I don't think it will work but I would be surprised if they didn't try it again. Hopefully it would just spark even higher demand.
Kev
Evening Kev - Dahbooo77 is an interesting resource ! Will have to bookmark that one....PMs seem to have stabilized a tad - interesting divergence between silver and gold over the past few sessions. Silver seems much more " constrained " than gold , leads me to believe JP Morgan et al not quite through with silver....Silver ETF had had first day of selling for awhile , second day of decreased inventory since 4/8 I believe ( might have been one other really small sale of silver though )
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/comex-gold-withdrawals-accelerating-gld.html PM thread - GLD and Comex exodus continues.....
http://fredw-catharsisours.blogspot.com/2013/04/west-texas-fertilizer-explosion-and.html Updates and back stories for West Texas explosion....
http://fredw-catharsisours.blogspot.com/2013/04/boston-bombings-updates-questions-posed.html Boston - hopefully fresh items , tried to offer up non redundant items for this post.....
Hi Fredw, both Boston and TX looking strange though I think the stories/lies about the brothers really make that one a sure thing, seems like the standard playbook was being followed on that one. Someone highly placed didn't want them captured alive.
DeletePM stories are very interesting, maybe it is possible that they will lose control of them. I've noticed bitcoin is plodding back up to $150.
It really is a very surreal time we live in, reality is going to hurt when it shows back up.
Kev
Ιf sоme one neеds expert
ReplyDeleteview cοncеrning blοggіng then і recommend him/her to go
to see thiѕ websіte, Keеp up the goоԁ job.
Μy wеblog авиабилеты в Сочи
hi!,I rеallу lіke youг ωгitіng so a lot!
ReplyDeleteshаre we be in contаct extra about уour artіcle on AOL?
I require a specialiѕt in this spасe to reѕolve my problem.
May be thаt's you! Taking a look ahead to look you.
Also visit my blog post ... авиабилеты в Стамбул
Thanks veгу nice blog!
ReplyDeletemy page: горящие туры отдых горящие путевки туры в египет туры в турцию туры
Heуa i'm for the first time here. I came across this board and I find It really useful & it helped me out a lot. I'm hoping to οffег
ReplyDeleteone thing agаin аnd help otherѕ such aѕ уou helped me.
Fеel frее to surf tо mу web blog Расписание авиарейсов днепропетровск москва
Hi all, just thought I would put a comment in to skip the blog advertising.
ReplyDeleteKev
Maybe I could add another link to some Boston info. more Boston info
DeleteKev
Yeah , the spam popped up out of no where ! Lol
Deletehttp://fredw-catharsisours.blogspot.com/2013/04/jp-morgans-eligible-commercial-gold.html What is happening with JP Morgan ? The hit regarding eligible gold has hit than much more significantly than the other depositories - and that was before the past two days ! LD still leaking physical - note the pace there has started slowing ...... I will be watching to see what GLD's numbers are for Friday and Monday regarding withdrawals though !
http://fredw-catharsisours.blogspot.com/2013/04/alleged-chemical-use-by-syria.html Funny hope the chemical weapons popped back on the radar right after Boston and as the run on physical silver and gold hit hyperdrive !
http://fredw-catharsisours.blogspot.com/2013/04/bundesbank-rejects-omt-ecb-bond-buying.html Regarding the German Court - arguments are set for June 11th and 12th - don't know if they plan to rule the same day ( I doubt it - the question is do they rule before the German election in the Fall ? )
Hi Fedw, the PM's had a nice rally yesterday, the pressure looks to be building but I expect it will be a wild ride with violent swings. The physical buying spree does seem to indicate that at least a small portion of the herd is awake.
ReplyDeleteI think the last article in the second link was correct in that the "US is trying to frame Assad", a standard approach by TPTB. Current situation reminds me of a "V for Vendetta" line when the dictator instructs the media to bombard the masses with stories (all terror plots)that remind them "that they need us".
German court ruling was somewhat perplexing to me, is it possible that there are some real humans still left in that group? time will tell I guess.
Kev
Morning Kev - hope you had a productive week ! Yesterday was interesting - did you notice the brickwall gold and silver hit right around noon ? Gold was knocked from about 1480 right down to 1450 , while silver was knocked down from 24.50 down to 23.57 ! Now this slam was at noon ESt , not 11am ( which would be the close of Europe ) .... so , the manipulation surely isn't over and that didn't look like margin calls coming in at the close of european trading ( unless there was a hangover type delay of an hour ! ) With chinese holidays looming next Mon / Tues / Wed , it should be interesting to see what happens when buying power is on the sidelines !
DeleteOn Syria , the dynamic is interesting - Israel , the Syrian rebels , UK and France seem to be chomping at the bit on the chemical weapons scam in Syria and anxiously want to jump in ( or have the US jump in ) , yet if you parse what has come out from the US ( from Hagel and Obama ) , the chemical redline has become less "red " has time has gone by. In essence , before we see a redline crossed , Obama has now said " systemic " use of chemical weapons against the Syrian people would need to be established , Hagel has expresses doubts about what has actually transpired too. My take is we ( US ) doubt whether Syria has used chemical weapons / US has concerns whether the Syrian rebels have also used chemicals alone with Assad's forces / Us does not want to assist in setting up another islamic radical regime in the Middle East - another Libya so to speak / US does not need or want another War which actually makes conditions more unstable / US really doesn't want to cross Russia's redline on Syria.
On Germany , I don't think any ruling have been made , those are upcoming. Bundesbank speaking out against the OMT was surprising in that their Opposition was leaked into the public domain ! I doubt the German Court will find the ESM is unconstitutional , but OMT could be a different story - they might knock that down. How does the German Constitution Court ignore the Bundesbank Opposition ?
I am not sure wheгe you are gеtting your information, but
ReplyDeletegood topic. I nеeds to spend some time learning more or understanԁing more.
Thanks foг great іnfo I was looking for thiѕ info for
my misѕion.
My web-site ... заказ авиабилетов онлайн
Today items of interests......
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/04/syrias-chemical-weapons-fog-of-war.html Chemical " Fog of War " updates......
http://fredw-catharsisours.blogspot.com/2013/04/france-jobless-rate-hits-new-high-32.html Europe continues to break down.....
http://fredw-catharsisours.blogspot.com/2013/04/ed-steers-gold-silver-report-and-harvey.html Weekend reports from Ed and Harvey .....
http://fredw-catharsisours.blogspot.com/2013/04/national-guard-on-streets-drones-in-air.html Beat goes on in the Police State.....
Hi Fredw, Very good links, kept me busy yesterday morning and I made a comment then but must have closed my browser before it saved. My overall impression is that pressure continues to build both financially and for war, not an original set of circumstances by any means but the potential for extreme negative consequences seems to be as large as we've ever had. While "the powers that be" appear to be not entirely rational, much like sharks in a feeding frenzy that are completely overcome by greed for blood/power. So I'm just wondering how long before tshtf, I'm sure I will be surprised at how long it takes, already surprised it is still going. On the plus side I'm really getting tired of my job and if I'm right and our current system is completely unsustainable then it would be best if it would completely implode and the human race can get started rebuilding. On the negative side I think survivability will be a problem and there is the chance that the next system will be worse. Obviously economic implosion without WW3 would be the preferred outcome.
DeleteKev
Have ya seen the charts for solar cycle 25 and beyond? Nill,no mas.
Deletehttp://news.nationalgeographic.com/news/2011/06/110614-sun-hibernation-solar-cycle-sunspots-space-science/
http://www.washingtonsblog.com/2013/01/nasa-we-may-be-on-the-verge-of-a-mini-maunder-minimum.html
Go long long johns ;-)
NW
Hi NW, those links are really interesting. Especially in light of the fact that I just noticed the other day that I purchased a ton of cold weather clothes that I didn't even need. I was wondering what the hell I was thinking purchasing all that stuff when I'm usually hot natured. My other odd ball thing is how many pieces for rocket stove projects I collected, haven't even completely finished my first one and I have stuff for 3 more. Maybe I'm getting a vibe.
DeleteThis I found ironic, "All climate scientists agree that the sun affects Earth’s climate to some extent. They only disagree about whether or not the effect form the sun is minor compared to man-made causes." I think if the sun went dark even these idiots would realize the sun is a major player in our climate.
Kev
The current cycle is the smallest in 100 years:
ReplyDeletehttp://www.solarham.net/averages.htm
And both the links above about cycle 25 are from 2011, they've known about it for a while.
I was looking for charts to correlate solar cycles and el nino/la nina and one chart I noticed showed solar cycles from 1749-2040,with cycle 25 as nominal, I was like ???wtf???
Do a search for-- chart:'Solar Activity Cycles 1749-2040' it shows the story quite well.
I did find data for solar cycle-el nino/la nina correlation,two good charts on this link:
http://tallbloke.wordpress.com/2011/06/12/the-timing-of-el-nino-in-relation-to-the-solar-cycle/
After finding out about possible extended solar min, I thought it should be named"Gore Minimum" to give peeps something to chuckle about when they're burning furniture to stay warm. Kudos on the rocket mass stove parts collection,I've seen them on youtube and they're so efficient ;-) http://www.richsoil.com/rocket-stove-mass-heater.jsp
Cheers,NW
The irony was 2013 was supposed to be a big year for solar storms , right ?
DeleteBingo. Lots of solar storm shock articles,TV shows etc.
DeleteLike this one: http://www.nytimes.com/2013/03/19/science/space/on-the-watch-for-a-solar-storm.html?pagewanted=all&_r=0
And this one: http://www.latimes.com/news/science/sciencenow/la-sci-sn-solar-flare-2013-20130411,0,1817542.story
And,,, http://planetsave.com/2013/03/25/solar-flares-2013-solar-storms-eruptions-and-cmes-outlook-for-the-year-ahead/
But not much talk about the current cycle being the smallest in 100 years ,although there is such if you look ;-)
http://ktwop.wordpress.com/2012/06/12/solar-cycle-24-prediction-on-track-to-be-smallest-in-100-years/
http://solarwatch.wordpress.com/2012/05/03/solar-cycle-24-predictions-lowest-for-100-years/
Not to say there won't be any big solar flares this year or next. There will be.
But finding info about the small size of this cycle and the predictions of several much smaller cycles in the future was news to me. Frankly, I was shocked,,just shocked I tell ya..
Cheers, NW
China works with Turks to build longest high speed rail,coast to coast.
ReplyDeletehttp://www.todayszaman.com/newsDetail_getNewsById.action?newsId=277360
(and other macro projects)
Cheers, NW
Evening Kev , good to see you NW......stocks keep rising while fundamentals / economic data keeps falling..... I've seen this movie before , Just don't when Michael Myers pops out with the big knife to kill the crazy valuation on stocks ...... things for the day.....
ReplyDeleteFor Boston , note female DNA found on / associated with one of the bombs - third party or more involved ?
http://fredw-catharsisours.blogspot.com/2013/04/boston-unwind-closer-you-look-more.html
Introducing the Frankenbank - DB.....
http://fredw-catharsisours.blogspot.com/2013/04/european-news-and-data-letta-government.html
Still growing.......
http://fredw-catharsisours.blogspot.com/2013/04/louisiana-sinkhole-updates-april-29-2013.html
Still emitting radiation......
http://fredw-catharsisours.blogspot.com/2013/04/fukushima-and-radioactive-japan-updates.html
Hey Fredw, running late so no time for a long comment but that was a great Boston link, you need to keep that one toward the front of you blog. I'm wondering if they will claim it's the mother's dna, she is probably causing them some issues.
ReplyDeleteFuk is unreal and yet people around me are so unaware. All good stuff.
Kev
Yeah , I called that Boston Unwind - but I really just wanted to capture what I thought was pretty straight forward items and just lay it out there..... folks can read it , accept what's there , reject it ... their choice !
DeleteWe truly are in the Matrix Kev.......that movie was so far ahead of its time its scary , but that's how many folks are - happy to be plugged and gleefully ignorant as to what's going on around them.....
http://fredw-catharsisours.blogspot.com/2013/04/special-ops-state-department.html This could get interesting , assuming anyone is paying attention.....
http://fredw-catharsisours.blogspot.com/2013/04/special-ops-state-department.html Saudis implicated - does anyone care ? I mean really ......
http://fredw-catharsisours.blogspot.com/2013/04/harvey-organ-and-other-great-articles.html Steady drain continues at Comex and GLD ETF.......
http://fredw-catharsisours.blogspot.com/2013/04/cyprus-parliament-set-to-vote-today-on.html I don't want to hear Cyprus whining about the harsh terms they accepted . Not after voting YES !
Great posts Mr fredw . I care and try to pay attention ;-)
DeleteThanks for all the great work, I've never missed a post on your blog yet since you started it.
I got blocked out of this blog in Dec after comment 200 by some tech glitch, then when the new comment section got started last month I could read new comments again.
It's great to read yours and Kev's comments here and gain more perspective on daily events and I'm going to let you guys continue that repore without being interuptive.
Cheers, NW
Your comments are always welcome and Fredw's been pulling most of the weight around here lately, I'm glad you're back NW.
DeleteKev
Evening NW and Kev ! As always , try to find things I find interesting - and hope other do as well ! Here are some items of the day.....
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/05/mt-fuji-watch-signs-of-unrest-continue.html Activity continues at MT Fuji ......
http://fredw-catharsisours.blogspot.com/2013/05/harvey-organ-report-for-may-1-2013.html I did expect raids on Mon - Wed ( China closed for Labor Day holidays ) and we did see determined efforts , just check the three day charts !
http://fredw-catharsisours.blogspot.com/2013/05/feds-open-market-committee-announcement.html Prisoner dilemma of the Fed !
http://fredw-catharsisours.blogspot.com/2013/05/saudis-warned-us-in-writing-about.html Why am I not surprised ?
Evening All - was tied up Thursday evening / Friday morn..... but here are things to chew on tonight !
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/05/report-us-government-and-nato-worked.html 1) Expected media coverage from the Elite captured / controlled / intimidated msm - zilch ..... 2) expected reaction from average American sheeple loving the Marix - zilch ..... 3) why are we so FUBARED here in the US - see 1 and 2 !
http://fredw-catharsisours.blogspot.com/2013/05/chemical-fog-of-war-for-syrian-chemical.html Fog of chemical war updates.....
http://fredw-catharsisours.blogspot.com/2013/05/gold-and-silver-news-covering-may-2-and.html good stuff on the PMs , plus interesting news and views......
Hi Fredw, it's been a busy week for me too, you had so many links I don't know where to start. I love Jim Willie, The MT. Fuji stuff is really interesting and something that an already fubared Japan wouldn't be able to handle. My overall impression of these times is reinforced more, the messy end of an extremely corrupt empire is not far off and I say bring it on. There is no way this thing is fixable, the sheeple need a 2x4 to the head to wake them up and this nearly dead empire is rapidly rotting from the head down. I just hope it dies with a whimper instead of in a bright white flash of light.
ReplyDeleteKev
Oh a couple of links for you credit bubble bulletin is pretty good this week
Deletecredit bubble and "code 2" declared at the sinkhole enenews so many fans, so much fecal matter.
Kev
Morning Kev - Doug has been on point for years - And even though we had the first housing bubble end in tears , nonetheless , we are seeing another attempt to re-blow a housing bubble all over again ! What is the definition of insanity ?
DeleteLake Fubar still growing , instability still present and now being detected near other salt caverns !
http://enenews.com/expert-minor-quakes-being-detected-other-salt-caverns-giant-sinkhole-video
some items of note for the day - so far !
http://fredw-catharsisours.blogspot.com/2013/05/lawmaker-receives-death-threats-for.html death threats , investigations and intimidation tactics - for lawmakers and a DHS employee - note what happens when the official story is questioned or you actually try to do your job .......
http://fredw-catharsisours.blogspot.com/2013/05/coinlab-sues-mt-gox-for-75-million.html bitcoin lawsuit - more turmoil for Mt Gox !
http://fredw-catharsisours.blogspot.com/2013/05/syria-and-iran-in-focus-israel-heats-up.html Tick , tick , tick ......
US,UK,30 other countries start Naval ex in Persian Gulf Monday for the rest of May:
Deletehttp://www.presstv.ir/detail/2013/05/01/301191/us-plans-massive-military-drills-in-persian-gulf/
Another airstrike on Syria ?
http://www.presstv.ir/detail/2013/05/05/301840/israeli-launches-new-airstrike-on-syria/
NW
Okay my kids prom is over so I can get back to the news :) The video on the "searches" was interesting, seems like they were trying to remove potential witnesses more than they were searching. More data to support my world view. And of course the persecution of the lawmaker and whistle blower add to that.
DeleteSo what's going to blow first, sinkhole, Mt Fuji,the war in the middle east or the economy. Beats me, but something is going to blow. The Chinese have to be rubbing their hands together in anticipation, wonder what plans they have to take advantage of our occupiers problems. So far it seems like the longer they wait the more fubared we become so I'm sure they are in no rush, the parasites show no sign of letting up, the opposite in fact.
And I thought getting a teenage girl ready for prom was bad.
Kev
Morning NW , Kev ( glad the Prom is over so that you can exhale , relax and enjoy the rest of your weekend ! ) Kev , I think Syria blows first , to answer your question......
ReplyDeleteIsrael really going all in on Syria ( This latest round of attacks is far , far beyond what occurred in the first attack on Thursday - see the post below ) ...... We could be on the verge of Syria declaring War on Syria - why not as Israel has de facto declared War on Syria .... Lots of reporting ( expect usual fog of war dispatches at this point regarding weapons used by Israel , number of attacks , casualties etc. However , this is a much more significant attack by Israel. ) And now we wait to see how Syria , Russia and Iran react .....
http://fredw-catharsisours.blogspot.com/2013/05/israel-ramps-up-attack-on-syria-second.html
I think (and hope) that Israel will bite off more than it can chew with this one. Iran will join, maybe China but I'm not sure about the Russians, I tend to believe Putin pretends to be anti western but behind closed doors is kissing the bankers asses. Still time for something else to blow though this is a front runner.
ReplyDeleteKev
Remember the chart I posted on Nate's blog twards the end ?
DeleteIt was Golbal debt vs Oil exports(less Chindia) and can be found on this link
with a great explanation by originator westexas:
http://www.theoildrum.com/node/9721/935806
It shows debt increasing, Available oil exports declining.
Anyway,,, on New Years Day I figured out how much debt was created per barrel of oil consumed both globally and for the US in 2012 , dividing public debt added by barrels consumed ,, easy.
In '12 , globally for each barrel consumed $90 debt added. In the US, more than twice that--$190.
Growing expotentially since '08, how do they fix this problem ? EZ, WWZ.
ie: Lower the amount of oil consumers. The chart reverses and phase II of the oil age begins,only this time under the exclusive control of,,, UN Agenda 21.
Hillary for first Global Prez ? errk
NW
Hey NW,
DeleteDo you think the chart driver is less available oil (cheap energy) to export thus the need for a lot of financial stimulus (debt) to prop up the dying economy or is it that the real economy is contracting and therefore needing less oil while financial stimulus is pumped like mad? I used to follow some of the peak oil sites and my main take away was that the easy cheap oil had mostly been found and exploited, while what remained might sound like a lot of oil it was going to return a lot less energy per energy invested. Oil is the lifeblood of the economy more so than money.
Kev
Meanwhile the sinkhole is now at code 3, kind of lacking in "pizzazz" and hardly sounds ominous at all. "code red" or even "yellow" would sound cooler.
Deletelink
Kev
The chart driver is Chindia, growing faster than there is oil to feed the machine. Supply met demand in '08.Thar's when the debt started going nutz.Chindia's consumption is what's newand the debt per barrel (DPB) is what keeps the economy from crashing.
ReplyDeleteOn the chart , the amount of AVAILABLE export oil(to other than Chindia) goes to zero. The growing demand from Chindia will consume any surplus. And the debt is created because the economy really can't afford $100 bl. Without the debt backing the price,the economy would crash. So to keep production FLAT in '12 took $100bl+$90 DPB (Globally).
IF they found some bigger than big mega field of light sweet crude, like as big as Saturn and got oil back down to $10, there would be profit per barrel consumed again.
Like they haven't looked...There fracking what's left here and we're burning 1/4 of our corn crop in our cars. The other day on The Oil Drum, they came up with a ratio for the Balkken field. If they drill 46000 wells to tap it out, it would be 1.5 years US consumption.Whoopie.
So I think they're gonna reduce population with WW3/dollar crash to fix that problem.The war isn't against Russia/Syria/Iran or China,it's against us, the global oil consumers.
How many times have you read they wanna reduce global population by 95% to save the planet? I think they're serious. Then there'll be lot's of oil again(per capita),and they can put whoever's left under control of the UN. One flag, one currency, only they will have guns. Total control.
But WTF do I know? I'm just a displaced construction dude with too much time on my hands.
NW
Thanks for the response, makes sense to me. I agree, they are serious about population reduction but it's not about saving the planet, just saving their asses. From their point of view the herd has become too large to be manageable and that's a danger to them. Here's to hoping their plans backfire and they reduce themselves.
DeleteKev
evening everyone , hope you had a great Monday ! Some items of the day......
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/05/cyber-attack-tuesday-take-some-cash-out.html
http://fredw-catharsisours.blogspot.com/2013/05/europe-financial-and-political-news.html
http://fredw-catharsisours.blogspot.com/2013/05/bitcoin-has-caught-attention-of-cftc.html
http://fredw-catharsisours.blogspot.com/2013/05/libya-passes-its-political-isolation.html
Hi Fredw, all good links. I think the government is going to have a harder time than they think shutting down bitcoin,they can make it more difficult to use but that will probably backfire and make it more desirable.
ReplyDeleteKev
Bitcoin is getting interesting - especially now that China has gotten interested in the concept !
Deletehttp://www.thegenesisblock.com/bitcoin-the-newest-tool-in-chinas-currency-war-chest/ China studying bitcoin......
http://fredw-catharsisours.blogspot.com/2013/05/ed-steers-gold-and-silver-report-may-7.html good stuff on the PMs - of particular note is the travails of John Paulson ( his gold fund is off 47 percent for the year , 27 percent just in April ! Once you lose 50 percent of your assets , that opens up the possibility you can go bust ( consider the leverage he works with , the fact that his two big funds ( Advantage and Advantage Plus now are only 5 billion in size collectively , that he has been a rumored seller of GLD and one reason perhaps for the daily draw down at the GLD ETF ..... and you can see he's cruising for a bruising here. )
http://fredw-catharsisours.blogspot.com/2013/05/european-commission-latest-control.html two words .... power grab !
http://fredw-catharsisours.blogspot.com/2013/05/morning-news-front-europe-asia-and.html The morning all around the horn , as updated......
Very interesting, China giving bitcoin some advertising. That's a large group of potential adopters.
DeleteNow the EU wanting to control every seed and plant is just way over the top in a creepy facist way. I would guess the big chocolate corp that is trying to patent every living thing plus water is probably behind that. When will people see what is going on? This action clearly defines what the peoples relationship to their government is, like sheep to the farmer.
Kev
http://fredw-catharsisours.blogspot.com/2013/05/three-major-terror-wmd-nuclear-in-case.html
ReplyDeletePosted for the Coast Guard aspect , the terror drills have been discussed previously , but the stand down item is a serious sign......Watch out for Pols bugging out of DC ( Benghazi has heated up recently , Big O may need a Wag the Dog Moment of Distraction... And recall , Special Operations Forces were told to stand down from intervening at Benghazi. Imagine that ! What a coincidence , if there is such a thing ..... )
I saw where there is a big national drill at an amusement park in PA coming up,but I don't have time to find the link this morning.
DeleteSadly I don't think they even need distractions from their obvious lies, seems like most just don't want to be bothered with the truth.
Kev
Morning Kev ..... I think you're right . Most folks don't care or are willing to look the other way ..... truth avoidance is an American reaction to bad stuff conducted by the PTBs.....
Delete
ReplyDeleteGood stuff for the you evening review !
http://fredw-catharsisours.blogspot.com/2013/05/jp-morgan-eligible-gold-drops-to-fresh.html Gold drain at both COMEX and GLD ETF continues unabated..... JP Morgan drain at COMEX continues .... do we see another PM smashdown as soon as the end of this week / early next week ?
http://fredw-catharsisours.blogspot.com/2013/05/benghazi-hearing-may-8-2013-what-did-we.html Benghazi Hearing news round up......
http://fredw-catharsisours.blogspot.com/2013/05/syria-updates-may-8-2013.html following the Syria bouncing ball.....
Morning Fredw, I've been following the gold drain at JPM, I'm hoping those bastards go to zero but still not sure that by itself would have a large effect. They seem to always want to smash down the pm's but if demand stays up on the phyzz side then I'm thinking they may have to come up with a new plan. Flood the market with fakes maybe?
DeleteThe more that comes out on the Benghazi thing the stranger it gets.
Syria still hanging in there, but still looking as if it could blow up any minute.
Kev
Kev , did you notice the smash down today for Gold , which was the last bit of my JP Morgan post ( whether we might see another bout of PMs smashed down similar to April ? ) What will be interesting to see ( from my point of view ) is what carryover we see Friday and Monday , if any .
ReplyDeleteOn Syria , Syria seems to have taken Israel's bait - they claim they will retaliate immediately if Israel attacks again . Hezbollah claims Syria is giving them game changing weapons. Turkey has claimed Syria has already crossed the chemical redline by using chemical weapons..... Unless Israel goes on another bombing run against Syria , I think things will simmer until Obama has his sitdown with Turkey's PM Erdogan on May 16th ! Updates from today are at the prior link below......
http://fredw-catharsisours.blogspot.com/2013/05/syria-updates-may-8-2013.html
Interesting items on the PM front - the post will be updated later when Harvey Organ puts his evening report up , but what's here is already newsworthy !
http://fredw-catharsisours.blogspot.com/2013/05/g-20-finance-ministers-along-with.html
Read and weep news pertaining to Europe ...
http://fredw-catharsisours.blogspot.com/2013/05/greek-unemployment-crosses-27-percent.html
PM's on sale again, physical demand should ramp up a little more.
DeleteI'm not of the opinion that Syria has taken the bait yet and think Israel is the one making the mistake. They've been the aggressor for decades but have been able to mask that pretty well in the past but I don't think anyone is buying that story now. Plus they've tipped their hand, their major past victories have been surprise attacks, they haven't done as well with recent campaigns. Syria is apparently winning against our merc's, shows some intelligence and adjustment of tactics, possibly some better training and weapons too. Iran's military hasn't been tested but could possibly be a major player having watched western military equipment and tactics for some time. Asymetric is the word, though how do you spell it?
Kev
Morning Kev , PMs following the pattern from April ( as I suggested we might see - gold at 1430 as I'm typing , silver hit but not nearly as hard so far ! Dollar strength hitting commodities hard today , following the nonsense from yesterday afternoon . Time periods to really watch are around 8am and 11 am - that will really let us know how far stop hunting will go today ! Will we see another round of margin hikes at COMEX ?
DeleteRegarding Syria , it is clear the West approved FSA can't win , the Al Qaeda / jihadist Al- Nusra is gaining strength among so called rebel forces to become the dominant force fighting Assad and that if events played out without intervention , the Syrian Government would prevail. Arming the rebels hasn't worked - thus the Israel intervention. That Syria has said it will immediately respond to the next Israel attack means the table has been set for formal War between Syria and Israel , with the US drawn in to protect Israel. Just a matter of when , not if that occurs ( IMHO. )
War does look likely, even though we(and others) have only the thinnest of pretext for it while arming and sending mercenaries to terrorize the Syrian population. No question who the bad guys are anymore, at least if someone is paying attention.
DeleteCommodities on sale again, I saw a remark the physical demand was down but somehow I'm doubting that.
Kev
In July '11 , Iran/Iraq/Syria sign a deal to build a NG pipeline from Iran through Syria - Turkey to EU.
Deletehttp://english.people.com.cn/90001/90777/90854/7449471.html
Who was backing dis ? Our pal Rad Vlad Putin.
Whoaa, can't have that now, eh ? Cue Syrian SNAFU...
Now, Nabbuco Pipeline will transit NG to EU from Turkey from Baku through Turkey's TANAP pipeline.
http://en.trend.az/capital/energy/2103096.html
And/or through Greece/Italy from Turkey from Baku:
http://www.trans-adriatic-pipeline.com/
Ahhh, the best laid plans of mice and men. (and Hillary)
Above was from NW, cheers
DeleteAnd , I'll add it's another fine BP project,they're drilling the NG in Baku:
Deletehttp://www.bloomberg.com/news/2013-04-01/bp-led-group-starts-weighing-nabucco-tap-plans-for-eu-gas-link.html
NW
Two quicks items for the morning.... Bernanke Addressing Chicago fed starting at 9:30 will be the market driver for today ! Will the Hilsenrath rumor of yesterday that roiled FX , PMs , bonds and stocks prove to be a red herring or accurate ( regarding QE slowing sooner than expected ) ?
ReplyDeletehttp://fredw-catharsisours.blogspot.com/2013/05/german-central-bank-chief-slams-france.html
http://fredw-catharsisours.blogspot.com/2013/05/overnight-yen-fall-sets-asian-central.html
You know you are in a strange world when you are actually surprised to see Japanese bonds go down in response to massively outrageous money printing. Of course then you look at the fact that they should actually be trading at a fraction of what they are and your surprise is greatly muted.
DeleteKev
Morning Kev - actually in a rational world bonds should decrease in price and increase in yield in the face of massive QE - that would reflect an increase of the debt burden to finance the QE , whereby the hot money inevitable flows into FX plays , commodities and equities.... tracking QE here in the US , bond yields have generally fallen when QE was announced but then risen as we have come to the end of the QE period ( QE 1 ,2 and 3 as examples.... )
DeleteItems of the morning !
http://fredw-catharsisours.blogspot.com/2013/05/louisiana-sinkhole-updates-may-11-2013.html Sinkhole updates....
http://fredw-catharsisours.blogspot.com/2013/05/west-texas-plant-explosion-not.html Patsey alert for West Texas explosion....
http://fredw-catharsisours.blogspot.com/2013/05/uk-losing-peace-to-germany-what-would.html Check Kirchner's " template " !
http://fredw-catharsisours.blogspot.com/2013/05/harvey-organ-and-ed-steers-gold-and_11.html Weekend reports on the PMs.....
Hi Fredw, yes what the bonds should do versus what they have been doing still amazes me. I think they should be yielding 25 -50% based on the amount of money printing going on.
DeleteSinkhole looks like it could go at any time and the "patsy" looks the part.
The UK/Germany article was interesting in that it conforms to my thinking on the subject.
Kev
Evening Kev ! regarding bond prices , gravity has not been able to be repealed by Bernanke , The Troika or the Bank of Japan - at some point , bond prices will begin to move lower and yields higher. If I was going to guess which might move first , I would keep an eye on the JGB market for clues - interesting levels for the ten year would be .0 83 as a medium term target ( right before Japan announced 2 percent inflation target in 1/13 ) and shorter term 0.77 - 0.81 ( early departure of prior BOJ Chief and belief more easing measures would be forthcoming - timeframe 2/1 - 2/7/13 ) ... JGB ten year very volatile these days , huge intraday swings , ended at 0.64 Friday but yield was as high as 0.70 during the trading day ! It remains to be seen how long Japan can maintain its hold on the Tiger's tail aka JGB market ....
DeleteImagine how big the sinkhole might be in a year or two - as they concede the darn things could grow for years !
Patsy may have had a pipe bomb but I don't think he caused that blast .....but he fits the patsy mold .....
Germany will keep things together until their Elections are over - then things will get interesting for Europe !
New post Kev
ReplyDelete