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Headline in Spain: Government ‘sacrificed’ Bank of Spain in Exchange for Financial Sector Bailout; ESM Agreement Raises More Questions Than Answers

globaleconomicanalysis.blogspot.com / June 30, 2012

In the wake of a huge market reaction on Friday, it’s interesting to see how the headlines read other places, especially Spain.

Here is one such viewpoint by El Confidencial: Government ‘sacrificed’ Bank of Spain in Exchange for Financial Sector Bailout

The clearest conclusion to the European Agreement [...]

‘Group of Debt’ Match at EU Summit – Nigel Farage shares his thoughts with the media

 

The U.S. Debt Spiral: When Will it End? More Importantly, HOW Will it End?

munknee.com / June 29, 2012

The U.S. already has more government debt per capita than the PIIGS (Portugal, Italy, Ireland, Greece and Spain) do and it just keeps getting worse and worse thanks to both political parties. We are on the road to national financial oblivion yet most Americans don’t seem to care. They [...]

Gerald Celente – Earnest Hancock – June 29, 2012

 

Lords of Finance: The Bankers Who Broke the World

Liaquat Ahamed: Learning From the Great Depression from The American Academy in Berlin and The American Academy in Berlin on FORA.tv

jessescrossroadscafe.blogspot.com / June 30, 2012

Liaquat Ahamed, author of Lords of Finance, The Bankers Who Broke the World, discusses the parallels between the Great Depression and the Financial Crisis of today at The [...]

Precious Metals & ObamaCare Important Update with David Morgan & Paul Mladjenovic

Ellis Martin Interviews Economists and Precious Metals Experts David Morgan and Paul Mladjenovic. Mr. Mladenovic and Mr. Morgan discuss Obamacare and a socialistic centralized government dictating American economic policy as compared to the failed policy dictates in the former Communisty Bloc of Eastern Europe. Mr. Mladjenovic and his family are from what was once [...]

Legal Gimmickry Rescues Obama

news.goldseek.com / By Peter Schiff / June 29, 2012

Despite the celebrations among Democrats, yesterday a majority of Supreme Court justices ruled that the Constitution does not allow the government to force Americans to buy health insurance. However in providing the swing vote to uphold the Affordable Care Act (aka Obamacare) Chief Justice John [...]

Massive Japanese Debt Monetization Is Coming, Yen to be Devalued

financialsense.com / By Chris Puplava / June 29, 2012

You can only stretch a rubber band so far before it snaps back or is torn, so too is the case with government indebtedness. There eventually comes a point when the road ends and the can hits a brick wall. It appears that Japan is [...]

A Fool And His Money Are Easily Parted

edegrootinsights.blogspot.com / June 30, 2012

Jim is absolutely right. The public’s sole expectation of “save me” over all other considerations makes infinite liquidity the only other guarantee other than death, taxes and maybe continued erosion of privacy by technology for millions of Americans, Europeans, Japanese, Asians, etc. Unfortunately, the constant ebb and flow of [...]

Healthcare Explained

A breakdown of why healthcare costs are soaring in America and how Obamacare is going to impact things going forward.

Journey To The Economic Center Of The World

zerohedge.com / By Tyler Durden / June 29, 2012

The most recent decade of 2000 to 2010 has seen the fastest rate of change in the global economic balance in history. During this period, a recent McKinsey research article notes, the world’s economic center of gravity has shifted by about 140km per year – [...]

Hinde Capital’s Ben Davies: ‘Eyes wide shut’ as debt bloats government and destroys productivity

gata.org / By cpowell / June 30, 2012

Dear Friend of GATA and Gold:

Hinde Capital CEO Ben Davies, who spoke at GATA’s Gold Rush 2011 conference in London last year, has written an incisive diagnosis of the economic decline of the United Kingdom and by extension most of the West, concluding that the [...]

Was Merkel’s Surprising “Defeat” Merely A Gambit For A German Referendum?

zerohedge.com / By Tyler Durden / June 30, 2012

As details from Thursday’s European Memorandum of Understanding, which has all the binding power of a ‘highly confident letter‘ issued by a third tier investment bank, continue to be non-existent, the questions, and conditions, are accumulating fast. While the ESM passed with a solid majority [...]

Charting the Markets 101: Support/Resistance Plotting & Fibonacci Retracement – Gary Wagner

TheGoldForecast.com’s Gary Wagner shows us fibonacci retracement and support/resistance plotting this week, and explains the basics of how technical analysis is used to try and predict price and market movements. Kitco News, June 29, 2012.

Big Win for Predatory Healthcare Giants

sjlendman.blogspot.com / By Stephen Lendman / June 29, 2012

At issue was National Federation of Independent Business, et al, Petitioners v. Kathleen Sebelius, Secretary of Health and Human Services, et al (NFIB v. Sebelius).

Voting 5 – 4 on Thursday, the Supreme Court upheld what should have been rejected. Pro-business High Court rulings aren’t [...]

15 Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America

activistpost.com / By Michael Snyder / June 29, 2012

You can almost always count on the Supreme Court to do the wrong thing. In fact, just about every major decision by the U.S. Supreme Court over the last 40 years has been bad for America.

Many were hoping that the Supreme Court would strike [...]

Aborting the Constitution: Rand Paul & Peter Schiff Unload on the Supreme Court’s ObamaCare

 

Art Cashin – Shorts Squeezed in Dear God Get Me Out Moment

kingworldnews.com / June 29, 2012

With global stock markets on the move, while gold and oil exploded to the upside, today Art Cashin told King World News that for the shorts, “It is a kind of ‘Dear God get me out of here and I promise not to do this again.’ So a general [...]

Gold As Tier 1 Asset = More Elitist Loans Aimed at the Meddlesome Middle Class

silvervigilante.com / June 30, 2012

Much has been reported regarding the US Treasury, Federal Reserve and FDIC seeking comment on the altering of capital adequacy rules pertaining to gold held as reserves at a bank. Currently, when gold is held as an asset, it is “risk weight” is 15%, which means a 15% discount [...]

The Shocking Insider Truth About Obamacare

This is a recording of Former Labor Secretary Robert Reich, speaking at the University of California, Berkley on September 26th, 2007

Mark Skousen – Everything Is Either Mandated or Prohibited, So Eat Your Broccoli

financialsurvivalnetwork.com / June 29, 2012

Download: Mark_Skousen_06-29-2012.mp3 //

Mark Skousen, founder of Freedom Fest and editor of Forecasts and Strategies talked about Obamacare’s ratification by the Supreme Court and what it means for all of us. As he quoted, “Everything is now either mandated or prohibited.” Where does that leave the individual? [...]

I, Not Robot: Why The Rise Of SkyNet Leads To Automatic Unemployment For The People

zerohedge.com / By Tyler Durden / June 29, 2012

With so much hollow and pointless discussion over the past week, month and year over such fundamentally trivial things as who will inject more money faster, who will be bailed out first, who will go back to their own currency before everyone else, it is [...]

KWN Weekly Metals Wrap

kingworldnews.com / June 30, 2012

PLEASE CLICK ON PICTURE THEN CLICK ON MP3 TO LISTEN TO THIS EXCLUSIVE INTERVIEW

The contagion of the European Union and banking debt – 20 European Banks have liabilities above 50 percent of their home country GDP. Why an EU FDIC is highly unlikely in the short-term.

mybudget360.com / June 28, 2012

The crisis in Europe is boiling over yet again. The central connecting factor of all of this is too much debt relative to production. Debt in itself is not a bad thing. If you borrow modestly for a home and have sufficient income to cover your mortgage payment then [...]

Silver Market Morning

silverseek.com / By Julian D. W. Phillips / June 29, 2012

Gold Today – Gold closed in New York at $1,557 and the picture looked glum. Ahead of London’s opening gold had jumped ton $1,570, while the euro jumped strongly to €1: $1.2589 from $1.2450, 140 cents higher. The gold Fix was set at [...]

Gold to rise sharply in second half of 2012: Commerzbank

commodityonline.com / June 29, 2012

NEW YORK (Commodity Online): Gold to rise sharply in the second half of this year and platinum group metals also looks positive, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank.

The bullion is still down more than 6 percent in the second quarter, its steepest quarterly loss [...]

This Junior Gold Stock Just Shot Up 161%–Here’s Why!

TFMR Podcast #24 – Econ 101 with John Williams

tfmetalsreport.com / June 29, 2012

Download: Williams2.mp3 //

I asked John Williams to spend a few minutes with us and help us review some of the basics. We cover the BLSBS, the CPI, GDP and the potential for hyperinflation. No one knows more about government statistics (and how they’re manipulated) than John [...]

120630 – The Economic Plans are Vaperware!

Bank unveils new economic stimulus

telegraph.co.uk / By Philip Aldrick / June 29, 2012

Rules governing the amount of liquidity banks must hold in case of a financial panic are to be relaxed, releasing funds for lending to households and businesses to prevent the economy sinking deeper into recession.

The Bank hopes the measures will also reduce lenders’ costs, [...]