Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters
Donate Via Paypal
ALL CONTENT ON 'SILVER FOR THE PEOPLE' AS WELL AS THE 'BROTHERJOHNF' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'SILVER FOR THE PEOPLE' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.
“When people say, ‘Follow the money,’ they forget that modern culture itself is about dollars, and where the big money goes tells you a great deal about the culture and its legalized crimes against the population. This isn’t hard to understand. It’s like saying, ‘The vampires who sell war do it for profit.’ And lo and behold, war and violence are a centerpiece of our culture. If you don’t understand that, just go to the movies.” (The Underground, Jon Rappoport)
For example, the University of California system of colleges is a vast sprawling kingdom.Biomedical $$ grants pour in, and a significant portion of the money funds vaccine-related research.
I began searching for and itemizing such grants. They’re easy to find. But then, something overtook me: California companies that do biomed and biotech research and sell related products.
I plunged, in other words, into California culture. I say that because the number of these companies is staggering. They form a background context in which a mandatory vaccination law is easy to understand—just as a farm bill would be easy to understand in Iowa, or a bill about ranching would be easy to understand in various Western states.
One of the few silver linings surrounding the hard-landing Chinese economy in recent weeks has been the surprising resilience and strength of the Baltic Dry Index: even as Chinese commodity demand has cratered in 2015, this “index” has more than doubled in the past few months from all time lows, and at last check was hovering just over 1,100.
Many were wondering how it was possible that with accelerating deterioration across all Chinese asset classes, not to mention the bursting of various asset bubbles, could global shippers demand increasingly higher freight rates, an indication of either a tight transportation market or a jump in commodity demand, neither of which seemed credible.
We may have the answer.
It appears that the recent spike in shipping rates was analogous to the dead cat bounce in crude oil prices: a speculator-driven anticipation for a sustainable rebound that never took place. And now, just like with crude prices, it is all crashing down…. again.
investmentwatchblog.com / Submitted by IWB, on August 2nd, 2015
If you followed food prices, it’s been a steady climb at double or more the official numbers for years and years now. Chart beef from 2000 on. Around 2009-2010 you started getting fucked without knowing it.
If there wasn’t an organized media propaganda system to blare out “sleep, sleep, everything is good, everything is good” there probably would be a taxpayer revolt by now.
What we saw with the latest GDP reports is something truly remarkable. A market that was explicitly told the past 4 years of economic growth had been overstated simply shrugged off the news. That is, absolutely no price recalibration took place. This really evidences beyond any doubt that there is no relationship between the economy and the market. It further evidences the Fed’s increased proficiency in directly guiding the market.
Now I know this is not shocking to many of us. But to watch the market’s blatant irreverence toward a report that, with the flip of a switch, removed 12% of the presumed economic growth from the past 4 years did strike me as remarkable. It shows that the printing of economic indicators is nothing but theater. There is absolutely no rational market explanation that the market traded flat to up on the day when current GDP missed estimates and the past 4 years of growth was adjusted downward, all in the midst of one of the worst seasons for YoY deteriorating corporate revenues/earnings.
But more realistically what it suggests is the only player left in the market is the ‘buyer of last resort’, i.e. the Fed and its minion entities. Certainly nobody wants to aggressively short the market in the face of a clear long only strategy by the Fed, but just as certainly no major money managers are longing this market. Volume has simply dried up.
I’ve been writing for almost a year now about the economic cannibalism that has been feeding earnings growth. I have discussed this concept with a dire warning that feeding earnings expansion through operational contraction is a short lived meal. And well we are now seeing the indications that the growth through contraction has now hit its inevitable end. Have a look at the following chart which is really the only chart one needs to study at this point. The chart depicts S&P 500 adjusted earnings per share (blue line), S&P Price level (green line), S&P 500 Revs per share (red line) and US Productivity of Total Industry (olive line).
California is launching a website that lets residents tattle on water wasters, from neighbors with leaky sprinklers to waiters who serve water without asking.
California has multiple restrictions on water use, including banning washing cars with hoses that don’t shut off and restricting lawn-watering within two days of rainfall. But enforcement varies widely across the parched state.
The Saudi-registered Embraer Phenom 300 private jet carrying Osama bin Laden’s stepmother, half-sister and her husband crashed into a number of vehicles parked at a car auction site in Blackbusche, Surrey, England killing all on board.
The jet was a regular visitor to the airport, coming to-and-fro a number of times in recent months. It was also fitted with a highly sophisticated, fly-by-wire flight guidance system. The airport’s runway is also equipped with with precision approach pathway indicators, which tell the pilot if they are coming in either too high, or too low.
One narrative we’ve been building on for quite some time is the idea that both stocks and bonds have been propped up by a perpetual bid from price insensitive buyers. Put simply, it really doesn’t matter how overvalued something is if your primary concern is something other than maximizing your return on investment.
Take corporate buybacks for instance. Both equity-linked compensation and the market’s tendency to focus on quarterly results at the expense of the bigger picture have compelled corporate management teams to develop a dangerously myopic strategy that revolves around tapping corporate credit markets for cheap cash and plowing the proceeds into EPS-inflating buybacks. Whether or not this is the best use of cash is certainly debatable but when the goal is to manage earnings and appease stockholders, that doesn’t matter, and indeed, companies have an abysmal record when it comes to buying back shares at levels that later prove to be quite expensive.
In America, the price insensitive corporate management bid simply replaced the monthly flow the market lost when the Fed – the most price insensitive of all buyers – began to taper its asset purchases. Of course QE in all its various iterations playing out across the globe, is price insensitive buying taken to its logical extreme. With the ECB’s PSPP for instance, limits on the percentage of an individual issue that NCBs are allowed to own apply to nominal amounts meaning that, to the extent NCBs can buy bonds at a premium to par, they can effectively buy fewer bonds than they otherwise would have and still hit their purchase targets. In other words, if you overpay, it’s easier to stay under the issue cap when supply is scarce in eligible paper. So in some respects, the more EMU central banks pay for the bonds they purchase, the better.
peakprosperity.com / by Adam Taggart / Sunday, August 2, 2015, 11:35 AM
In 1968, Paul Ehrlich released his ground-breaking book The Population Bomb, which awoke the national consciousness to the collision-course world population growth is on with our planet’s finite resources. His work was reinforced several years later by the Limits To Growth report issued by the Club of Rome.
Fast-forward almost 50 years later, and Ehrlich’s book reads more like a ‘how to’ manual. Nearly all the predictions it made are coming to pass, if they haven’t already. Ehrlich admits that things are even more dire than he originally forecasted; not just from the size of the predicament, but because of the lack of social willingness and political courage to address or even acknowledge the situation:
The situation is much more grim because, of course, when the population bomb was written, there were 3.5 billion people on the planet. Now there are 7.3 billion people on the planet. And we are projected to have something on the order of 9.6 billion people 35 years from now. That means that we are scheduled to add to the population many more people than were alive when I was born in 1932. When I was born there were 2 billion people. The idea that, in 35 years when we already have billions of people hungry or micronutrient-malnourished, we are somehow going to have to take care of 2.5 billion more people is a daunting idea.
I think it’s going to get a lot worse for a lot more people. You’ve got to remember that each person we add disproportionately causes ecological damage. For example, human beings are smart. So human beings use the easiest to get to, the purest, the finest resources first.
There has probably been no greater investing mantra placed upon an industry in recent memory than the now reflexive, as well as defensive response of “It’s different this time” when questioning anything Social. Trying to understand the business model along with its metrics, valuations and more is not only arduous, the response seems more akin to pulling teeth without anesthesia for those selling it, defending it, or both.
Those that have been with me for a while know I have little use for the whole “social media” thing. Although, while I don’t use any of it myself, that doesn’t mean I don’t see value and innovation in many of them. Again, I don’t use them, nor have accounts. However, I do have share buttons on my own site for those that do. So let me be clear:
It’s the valuations along with the metrics of their underlying business models and just how effective they are for those that are in business, along with the ROI for those businesses whether monetarily or in other ways for their time and money is what I take issue with. For as I’ve stated over and over again: “The only people making money in social media – are those selling you social media.”
When it comes to everything social, today, recent memory is about the last 5 to 6 years. Or: post financial crisis. Basically, everything you know, or think you know about valuations, their coming into IPO existence, as well the metrics they stood on (and still use) as to “prove” those valuations has all been within the most adulterated markets in history fueled by the advent of “free money” made possible by The Fed. via QE. This is a quantitative, as well as a qualitative fact. Period.
The simultaneous blood baths in commodities and U.S. stocks continued in July but failed to penetrate the skulls of U.S. stock investors who continue to allow themselves to be brainwashed into believing that they can only make money by owning an overbought market.
The S&P 500 (INDEXSP:.INX) recovered all of its June losses, gaining 2.1% in July including 1.2% last week to close the month at 2103.92, not far off its record closing high of 2,134.72. The index is now up 2.2% (excluding dividends) for the year.
The Dow Jones Industrial Average (INDEXDJX:.DJI) is showing greater recognition of the troubled state of the world. And after last week’s 0.7% gain to 17,689.86, it is down -0.7% year-to-date.
The Nasdaq Composite Index (INDEXNASDAQ:.IXIC), powered by stocks such asAmazon.com Inc. (NASDAQ: AMZN), FacebookInc. (NASDAQ:FB), Netflix, Inc.(NASDAQ:NFLX) and other biotech and social media names, is outpacing the other indices with a year-to-date gain of +7.6% after adding 0.8% last week to close at 5128.28.
At this point, investors can no longer ignore the fact that the knives are coming out…
The hypersensitive bureaucracy that is modern-day America shows its ugly face of tyranny once again.
In July Muhammad Youssef Abdulazeez opened fire at two military installations killing five service members before he was himself gunned down by responding officers.
Amid the chaos Lt. Cmdr. Timothy White, armed with a personal firearm, also discharged his weapon in an attempt to stop the mass shooting. It is not clear whether White struck Abdulazeez, but it can be argued that his actions certainly helped to deter further carnage because rather than walking through a military installation randomly killing unarmed victims, Abdulazeez was forced to engage armed defenders.
But none of that matters to Commander-In-Chief Barack Obama. According to areport from former Congressman Allen West, despite his heroic efforts that undoubtedly saved lives, Lt. Cmdr. Timothy White is to be formally charged for discharging his firearm on federal property:
Ladies and gents, resulting from the text message I received yesterday, I can confirm that the United States Navy is bringing charges against Lt. Cmdr Timothy White for illegally discharging a firearm on federal property.
The text message asked if it would be possible for Lt.Cmdr White to reach out to me. To wit I replied, affirmative.
There are two events this week that will shape the investment climate potentially for the rest of the year. The first is the Bank of England meeting. The following day is the US employment report.
Both events take on added significance. The Bank of England enters a new era. The Monetary Policy Committee meets as usual, but shortly after it, the minutes will be published, and this will contain the vote itself. There will no longer be a couple week delay. It will be interesting to see if other central banks, including the Federal Reserve and Bank of Japan adopt a similar approach over the medium term.
It took the European Central Bank more than a decade to see the wisdom of providing some record. It may be too much to expect it to make it nearly immediately available.
Also, the BOE will release its Quarterly Inflation Report at roughly the same time. This report has become an integral part of assessing the policy stance. From giving little information at the time of the MPC meeting, the BOE is going to deluge the market with information. It will dominate August 6 but on what should investors focus?
Early last month in “Crowdsourcing Police Brutality“, we highlighted an ongoing project at The Guardian which is attempting to tally the number of people killed by police in the US during 2015. Use of deadly force by authorities in America has become a hot button issue after several high profile cases involving the death of unarmed black suspects culminated in a night of violent protests in Baltimore.
In the wake of Baltimore’s “purge” (as April’s protests came to be known), two competing theories emerged about what effect the controversy has had on policing in America. We’ve outlined the two theories on a number of occasions, but for those unfamiliar, here’s a recap:
One theory — dubbed the “Ferguson Effect” — claims police are now reluctant to engage in “discretionary enforcement” for fear of prosecution. “Discretionary enforcement” of course refers to the use of lethal force in the line of duty and the implication seems to be that in light of recent events, law enforcement officers are afraid that their actions will be scrutinized by the public. In extreme cases, such scrutiny could culminate in social unrest, something no one individual wishes to be blamed for.
Casting doubt on the so-called Ferguson Effect is a report from The Washington Post which shows that US police are shooting and killing “suspects” at twice the rate seen in the past. More specifically, 385 people have been killed by police in 2015 alone. Unsurprisingly, minority groups are overrepresented in cases involving the fatal shooting of unarmed suspects.
investmentwatchblog.com / Submitted by IWB, on August 2nd, 2015
The WHO has already declared that five of the major chemical herbicides used to grow GMO crops are either likely or definitely cancerous, yet the USA still makes secret trade deals that would allow biotech to push their genetically modified ‘food’ on Americans who don’t want to eat it.
Our right to know if we are even eating GMO crops is being taken away via legislation known as the Deny Americans the Right to Know Act (DARK) act. (This is officially known as the ‘Safe and Accurate Food Labeling Act.)
More than 60 countries have already passed mandatory GMO labeling laws, and many will ban GMO crops altogether this year if they haven’t already. You can see a great map of these GM labeling bans here.
If GMOs are so awesome, these companies should be thrilled to advertise the point. It seems so odd in this era of constant in-your-face marketing that GMO companies don’t want you to know about their products.
The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy according to gold coin dealers. I spoke with several friends and industry experts this week who confirmed the record sales numbers for the month. In fact, American Gold Eagle sales reached 161,500 ounces in July, the highest monthly figure since April 2013. What gives?
Gold often attracts conspiracy theories when it falls so abruptly, especially on Mondays. Interestingly, in a recent article on Zero Hedge, ABC Bullion out of Sydney, Australia, details some of the speculation behind the precious metal’s beat down, which I’ve also discussed in my blog.
Price manipulation, or a “bear raid,” could be a factor. Last week, gold prices experienced a mini “flash crash”—the first one in 18 months—after five tonnes of the metal appeared on the Shanghai market. Whether front-running or fat fingers are to blame, the sell order for what many are calling a bear raid was initially thought to have originated in China, but we now believe it came from New York City.
Did investors anticipate China’s negative flash purchasing managers’ index (PMI) last week? China is the largest consumer of gold, and the PMI is a useful leading indicator of commodities demand as well as job growth.
What about the Greek crisis? This type of debt fear crisis often has the effect of boosting the price of gold, but we didn’t see that happen. Did European Central Banks sell gold down to dampen the psychological impact of the event? Understating the seriousness of the debt crisis may have prevented investors from seeking gold as protection.
I typically stay away from sentiment indicators and measures of “confidence” not just because they are of dubious construction but they often don’t mean what they are taken for. In the case of consumer confidence, you get both problems simultaneously particularly at the ends of each cycle. In other words, just as “confidence” is at its greatest point and economists, especially the FOMC, assert that as evidence for further economic gains the rug is pulled out, “unexpectedly”, and a precipitous decline just shows up.
A few months ago I looked at the more recent break between confidence and spending. In past cycles, consumer confidence at least bore some coincident and even forward resemblance to economic activity, retail sales in particular. That broke down around 2011 as consumer “confidence” and spending have been unrelated ever since.
San Francisco real estate is operating in a bubbleonly understood by venture capitalist running start-ups with no net operating income yet generating millions in funding phases. Sell the sizzle and not the steak. The gold tech rush is in full swing. San Francisco real estate makes Southern California housing look like a timid and shy teenager in comparison. San Francisco County has about 850,000 residents (compared to Los Angeles and our 10,000,000 residents spread out across a massive amount of land). We do share one thing in common and that is both counties are heavily dominated by renting households. But in San Francisco renting is by far and away the most common form of living (63% of households rent). One thing that is standing out is how out of control real estate prices are in San Francisco. The latest report shows that the median home price is now selling for more than 34% from the previous bubble peak! You have to see the actual nominal numbers to see what is unfolding.
The San Francisco real estate gold rush
San Francisco real estate is reflecting the money rushing into the tech sector. The tech sector has benefitted greatly from the mega stock market bull run we are witnessing. It should come as no surprise that real estate follows on the coattails of economic expansion. Yet it should come as a surprise as to how insanely high real estate prices are in the Bay Area.
zerohedge.com / By Tyler Durden on 08/02/2015 13:26
It was almost exactly two years ago, when during China’s long-forgotten attempt to actively deleverage its economy (remember that? good times…) we commented on the country’s s first attempt to estimate what its local government debt is since June 2011.
This is what we said in July 2013:
“China is preparing to admit that the level of problem Local Government Financing Vehicle debt is double what was first reported just two years ago, something many suspected but few dared to voice in the open. But not only that: since the likely level of Non-Performing Loans (i.e., bad debt) within the LGFV universe has long been suspected to be in 30% range, a doubling of the official figure will also mean a doubling of the bad debt notional up to a stunning and nosebleed-inducing $1 trillion, or roughly 15% of China’s goal-seeked GDP! We wish the local banks the best of luck as they scramble to find the hundreds of billions in capital to fill what is about to emerge as the biggest non-Lehman solvency hole in financial history (without the benefit of a Federal Reserve bailout that is).”
Not at all surprisingly, after conducting the goalseeked “exercise” of estimating its local government debt, the final number was well below the worst case or even average scenario, while the level of NPLs was at a very leisurely pace around 1% of total.
We promptly accused China of doing what it does best:
"There is NO market anywhere on the planet where the amounts of futures dwarf the physical product so overwhelmingly than in silver. Why is silver so important? Why has it been bludgeoned so badly and even priced below the cost of production? You must understand how small the silver market is. Total global production is less than $15 billion per year …"but", silver cannot be left alone because high silver prices do not jibe with low gold prices. …And gold MUST be kept down and out of the limelight because high gold prices do not fit with low interest rates …which are an absolute must in an effort of reflation. You see, in no way can interest rates be allowed to rise with the amount of global debt outstanding. Higher interest rates will crush the debt outstanding, the silver market is at the VERY BEGINNING of the "food chain" that keeps the lid on interest rates. I believe the Chinese hold this market in their back pocket paid for with "pocket change", they will use it at their own discretion!" - Bill Holter