From Silver Vigilante / April 30, 2012 Student loans are an excellent example of how the modern lending system manifests ancient modes of control. In the United States, long before the modern student loan, for the promise of prosperity thousands of individuals came to the New World as indentured servants. Once they arrived in [...]
From the Golden Truth / April 30, 2012
Many borrowers, particularly since late 2010, thought they were buying at the bottom of a housing market that had already suffered steep declines, but have been caught out by a continued fall in prices in wide swaths of America. – source link below First things first. [...]
Traders continue to chatter about the so-called “FAT FINGER” trade in gold that occurred early this morning, a trade which dropped the gold price $15 in minutes and consisted of an order of 7,500 contracts. Many seem to agree that it was a trade placed in error.
The problem is that we also witnessed [...]
From Wealth Cycles / April 30, 2012 Bank of Japan (BOJ) continues to take its turn at reflating the global economy via various forms of currency creation. In its semi-annual report, Japan’s central bank announced it would increase the total quantity of printing by an additional 10 trillion yen ($123 billion), effectively extending its [...]
From Silver Seek / By Chris Mullen / April 30, 2012
Gold edged up to $1665.80 in Asia before it fell back to $1646.42 in early New York trade, but it then climbed to a new session high of $1666.20 at about 3PM EST and ended with a gain of 0.23%. Silver [...]
From Wealth Wire / April 30, 2012
On the night of November 22, 1910 a delegation of the nation’s leading financiers, led by Senator Nelson Aldrich, left New Jersey for a very secret ten day meeting on Jekyll Island, Georgia. After the Jekyll Island visit the National Monetary Commission wrote the Aldrich Plan which [...]
When I was remodeling my 160 year old London house, the chimney was in desperate need of attention. After the bricklayer crawled up the fireplace, he found a yellowed and somewhat singed envelope addressed to Santa Claus. Thinking it was placed there by my kids, he handed it over to me. In it was [...]
From Wealth Wire / April 30, 2012 What happens when debt-fueled false prosperity disappears? Just look at Spain. The fourth largest economy in Europe was riding high during the boom years, but now the Spanish economy is collapsing with no end in sight. When a debt bubble gets interrupted, the consequences can be rather [...]
From Zero Hedge / By Tyler Durden / April 30, 2012
While in ‘normal’ times the commonly held view is that P/E ratios tend to fall as real interest rates rise, as we recently pointed out here, the relationship is highly non-linear and nowhere is this regime-dependence more evident than in the following chart [...]
biiwii / by Bill Bonner / April 30, 2012
The hustle goes on…
“BLAH, BLAH, BLAH…don’t you feel you’re wasting your time?”
Our friend was being sympathetic. She gave us a look of pity, tightly controlling her face muscles; as if it might slide into contempt at any moment. After spending so much time [...]
dailyreckoning / by Bill Bonner April 30, 2012
04/30/12 Baltimore, Maryland – Nothing much happened last week. Except that Ben Bernanke told investors that the fix was in…and the stock market went up. The chief of America’s central bank told the world that he was prepared for more QE whenever it was needed.
When will [...]
aucontrarian / by Patrick Sheehan / Wednesday, April 25, 2012
“The French are a free people, who will not allow their future to be determined by the pressure of markets or finance.”
-French presidential candidate François Hollande, Ecole Nationale d’Administration (ENA), class of 1980, April 19, 2012
Hollande expressed an ardent belief of every [...]
arabianmoney / 30 April 2012
Global investors pulled the most out of stock funds in April since at least 1996 when records began. Equity funds posted net redemptions of $18.6 billion through to April 25th, according to data from EPFR Global.
The shift out of equities has been a long-term trend since the global financial [...]
By Greg Hunter’s USAWatchdog.com / 30 April 2012
Last Friday, the government reported the gross domestic product (GDP) number for the first quarter, and it was 2.2%. That was .8% lower than the 4th quarter’s 3% growth rate. It was a big disappointment because most economists were expecting growth numbers closer to the 3% range. [...]
Although we really don’t tend to discuss politics at FSN, Dr. Yaron Brook joins us today to discuss the American Motors of Presidential candidates we’ve got on the ticket for this year’s election. Americans seem ready to vote Obama out, but are we as a nation really embracing the freedom that limited [...]
Acting Man / April 27, 2012 | Author Pater Tenebrarum
Lose Liberty and You Will Lose Your Civilization – Big Brother is Here
We recently quoted H.L. Mencken’s famous saying on ‘practical politics’ in the context of the euro area’s crisis and what we think the plans of the political elite were all along [...]
Acting Man / April 30, 2012 | Author Pater Tenebrarum
The Aggregation Fallacy
We have recently mentioned an article in the WSJ that focuses on a point we have always regarded as very important.
The popular press continues to frame the debate over Europe’s crisis in terms that suggest that ‘austerity’ is the antonym [...]
From Azizonomics/ April 27, 2012
Way back in 2009, I remember fielding all manner of questions from people wanting to invest in gold, having seen it spike from its turn-of-the-millennium slump, and worried about the state of the wider financial economy.
A whole swathe of those were from people wanting to invest in exchange [...]
The take down of the Bad Guys is kicking into high gear. American Kabuki has now tracked over 600 high level banker resignations and it should be clear to EVERYONE that the writing is on the wall for the Banking Cabal.
American Kabuki: 611 Bankers Resignations http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html Those of you waiting for the mainstream [...]
From Resource Investor / By Eric McWhinnie / April 30, 2012
Despite experiencing a sharp sell-off on Wednesday, gold and silver prices fully recovered and gold even posted its best weekly gain since February. Both precious metals received support and climbed higher as more disappointing economic data hit the market, fueling speculation for additional [...]