kingworldnews.com / January 29, 2015
Today the man who 59 days ago remarkably predicted the collapse of the euro against the Swiss franc just issued a third terrifying warning to the world. This King World News interview takes a trip down the rabbit hole of massive chaos, panic and wealth destruction, as well as a frightening monster that has been unleashed on the world.
Egon von Greyerz: “Eric, as you know I’ve had a long-standing forecast — for over 10 years — that gold will reach $10,000 in today’s money. I’m also convinced that in the future the world won’t have anything resembling today’s money because of all the money printing that will take place as well as the accompanying hyperinflations….
Continue reading the Egon von Greyerz interview below…
libertyblitzkrieg.com / Michael Krieger / Jan 29, 2015
He’s a thug, and a crook, and a liar, and a pseudo-intellectual and a murderer. Ok? Those things are factually verifiable.
– From the late Christopher Hitchens’ outstanding interview: Christopher Hitchens’ Polemic Against Henry Kissinger
Truly remarkable to see a Senator become so easily unhinged when protesters show up to condemn Henry Kissinger. See for yourself:
misesmedia, Published on Jan 29, 2015
Taxes sound like a boring subject, but Dan Mitchell brings great energy and passion to the subject: he’ll tell us why the US “worldwide” tax regime violates the basic human right not to be hounded by a country in which you neither live nor have income, why Burger King was right to move its corporate headquarters out of the US, why greedy politicians hate tax competition, and why invasive laws like FATCA should scare anyone who cares about privacy.
harveyorganblog.com / byJanuary 29, 2015
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1254.60 down $31.30 (comex closing time)
Silver: $16.71 down $1.36 (comex closing time)
In the access market 5:15 pm
Tomorrow is first day notice
Gold/silver trading: see kitco charts on right side of the commentary.
The bankers for the past several years have raided gold and silver at the conclusion of every month. Four days prior to the end of the month we have the options expiry on the comex. On the last day of the month we have the OTC options expiry where hedge funds buy options from the bankers on the OTC market. Why on earth investors day in and day out buy options on the precious metals is beyond me? These guys are mega crooks. In gold they wanted to have all 1260 dollar call options and above go worthless. In silver it was all calls between $16.75 and $18.00. They were successful as they pocketed all of the premiums. This is how the banks make money. The Fed keeps the rates at zero and provides loans to these bums at 0% so that they can execute these trades against us.
The gold comex today had a good delivery day, registering 9 and 12 notices served for 2100 oz. Silver comex registered 17 notices for 85,000 oz.
Three months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 247.83 tonnes for a loss of 55 tonnes over that period.
In silver, the open interest fell slightly by 400 contracts despite Wednesday’s silver price being unchanged. The total silver OI continues to remain relatively high with today’s reading at 162,040 contracts. After today’s monstrous raid, it will be interesting to see how many open interest contracts in silver were knocked off. The January contract month is now off the board.
In gold we again experience a large decrease in OI as we enter an active delivery month.(gold entering February and this is an active month) The drop in OI occurred with a decrease in the price of gold yesterday to the tune of $5.80. The total comex gold OI rests tonight at 429,563 for a loss of 56,127 contracts. It will be interesting to see the damage in OI for tomorrow.
Today, we had a huge addition of 5.67 tonnes in gold inventory at the GLD/Inventory at 758.37 tonnes
In silver, /SLV inventory remains constant at 319.314 million oz
We have a few important stories to bring to your attention today…
zerohedge.com / by Tyler Durden on 01/29/2015 18:40
The last time an ounce of gold could buy 29 barrels of oil was 1988…
Oil is the cheapest it has been relative to gold since 1988…
profitconfidential.com / By
As it stands, we are seeing wild swings in the currency markets. The only currency that’s performing well is the U.S. dollar. Other currencies, like the Canadian dollar, euro, Japanese yen, Australian dollar, and British pound, are in a definitive downtrend. The Swiss franc is seeing historical moves due to its central bank’s interventions.
How long these trends will last is hard to tell, but from my experience, I know that trends in currencies can last much longer than those in the stock markets and commodities.
With all this comes one question: what will happen to the reserves of the central banks that hold these currencies? Well, the answer isn’t rocket science: their reserves will fluctuate as well. And that’s good news for gold investors.
Huge Foreign Exchange Reserves at Stake
Please look at the table below. It shows how much central banks around the world hold in currencies other than the U.S. dollar as of the third quarter of 2014.
FinanceAndLiberty.com, Published on Jan 29, 2015
zerohedge.com / by Tyler Durden on 01/29/2015 16:27
Following Congress, The Republican-led Senate just passed The Keystone XL Pipeline Bill – as expected:
Nine Democrats joined all of the Republicans who were present in supporting the legislationNow, it is time for President Obama to unleash The Veto Pen…
davidstockmanscontracorner.com / by David Stockman •
Call it 529 words of gibberish and be done!
All of the FOMC’s platitudes about the economy “expanding at a solid pace”, labor market conditions which have “improved further”, household spending which is “rising moderately” and business fixed investment which is “expanding” are not simply untruthful nonsense; they are a smokescreen for the Fed’s actual intention. Namely, to keep the Wall Street gamblers in free money in the delusional hope that ever rising stock prices will generate a trickle down of “wealth effects” in the main street economy.
But in equivocating still another time about when they intend to get the Fed’s big fat ZIRP thumb off the money market, the denizens of the Eccles Building have shown their true colors. The FOMC is not really comprised of economists or central bankers. It is simply a groupthink posse of spineless cowards who are petrified of a Wall Street hissy fit—–and are therefore willing to dispense whatever spurious word clouds they judge may be necessary to keep the gamblers hitting the “bid” until the next meeting.
After all, how can it possibly be true that notwithstanding all the “solid” economic advances it crowed about in the opening paragraph, the Fed still intends to maintain zero interest rates through mid-year—or for what will be an out-of-this-world 80 months running? As recently as 10 years ago that incredulous juxtaposition—-a solid economy coupled with desperate policy measures—-would have been laughed out of court by even the Fed’s own economists.
In fact, we don’t have a solid economy at all, and the halting advances of recent years have absolutely nothing to do with Fed policy. Instead, the utterly trite macroeconomic commentary contained in its meeting statements is a form of Keynesian ritual incantation based on a delusional conceit. Namely, that left to its own devices the US economy would chronically sink into a recessionary stupor, and that it is only the deft interventions of the central bank which nudge the $18 trillion US economy back onto the path toward full employment and the realization of “potential GDP”.
profitconfidential.com / By • January 29, 2015
Facebook’s Rocky Start (Before Its Revenue Platform Made Headway)
Starting with just 20 or so initial profiles scattered around Harvard in 2004, Facebook, Inc. (NASDAQ/FB) has since morphed into the world’s most important marketing platform, now with 1.3 billion active users.
Every day, disciples of Facebook log into their profiles and browse, comment, like, post, and share. Those daily interactions are a marketer’s dream. Find out what’s trending and popular, and target your advertising to a captive audience. It seemed simple enough.
And that was why investors clamored to get their hands on the company’s stock when it held its initial public offering (IPO) back in May 2012. Advertising dollars would pour in and early investors would reap the rewards.
Sadly, it didn’t start out that way. The fiasco started with Facebook shares losing half their value in less than six months. When it held its IPO, Facebook had a trailing 12-month price-to-earnings (P/E) ratio of 107. To put that into context, investors tend to be attracted to proven companies with a trailing P/E of 12 and they sell at 15 to 20 to even 30 times its earnings.
Had Facebook opened trading at a more reasonable price, investors might not have seen their portfolios get decimated. But that’s the stock market. It does behoove investors to do a little research. Hype only supports a stock for as long as it deserves it.
Advertising Creates Facebook Renaissance
Since bottoming in late 2012, Facebook’s share price has experienced a justifiable renaissance. The stock really started to trend higher in July 2013, when its revenue platform started to make solid headway.
zerohedge.com / by Thad Beversdorf via First Rebuttal blog on 01/29/2015 18:15
“I’d Like to Change the World, but I Don’t Know How So I’ll Leave it Up to You”
What a great lyric that is from the late 60′s, early 70′s English band ’10 Years After’. I believe this describes that uneasy feeling of discontent that sits deep in the stomach, beneath the day to day exteriors, of so many people today. The world is like a black hole in that it seems to be getting smaller and smaller as the years go by but also heavier and heavier with each passing day.
When I was a teenager and my friends and I were taking reality obscuring substances, one of my buddies (this means you Nichol) would stop us at certain points throughout the night for a reality check. This was just a few moments where we’d all gather our senses to make sure the world was still right and then we’d venture back into obscurity. I feel that reality is an old world term. There is no reality anymore. With advances in technology came unending possibilities of if you can dream it ‘they’ can make it so. The ubiquitous flow of information ensures that the truth is always available but never known with certainty. It means there is no such thing as a reality check. It’s like that dream inside a dream inside a dream. Which reality is real anymore? How deep does the rabbit hole go?
We are raised with pretty standard ideals of what the world is meant to be but these ideals seem to take place only in the movies. It must be incredibly difficult for our young people to reconcile the two worlds, I know it is for me.
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / January 29, 2015
When inflation alarmists want to convince everyone the dollar is about to become worthless, they post this chart of the CPI.
CPI – Urban Consumers – All Items – Index
Inflationists claim that is a trend to oblivion. And actually it is. But it’s a slow trend towards oblivion with intermittent disruptions as the following chart shows.
CPI – Urban Consumers – All Items – Percent Change From Year Ago …
healthimpactnews.com / by Brian Shilhavy / January 30, 2015
The recent measles and measles vaccine controversy has produced some interesting results that we have not seen for a very long time: mainstream media is interviewing doctors who do not worship the holy grail of vaccines.
Typically, in the past, only parents were allowed to give opposing views on vaccines in the mainstream media, often pitted against doctors and other “authority figures” to make them look uneducated, and misinformed.
But we are beginning to see some cracks in the recent rash of measles stories. Granted, it is a tiny fraction of the news out there, and any doctor who dares to say anything negative or contrary about vaccines faces tremendous opposition.
We have seen that this week with Dr. Jack Wolfson in Phoenix Arizona, who was interviewed by NBC Phoenix. He received thousands of angry comments as a result of that interview, and contacted Health Impact News this week to publish a response to his critics (See: Arizona Cardiologist Responds to Critics Regarding Measles and Vaccines.)
Dr. Jay Gordon’s Resume
Dr. Jay Gordon is a pediatrician in Southern California. He has a quite impressive resume:
Paul Sandhu,Published on Jan 29, 2015
V: The Guerrilla Economist joins me to discuss developments in the Global Economic / Geopolitical world…
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest •
West Texas Intermediate Crude oil just fell below $44. And The Fed’s 5 year forward breakeven inflation rate keeps falling with WTI crude oil prices.
Is this Walter White? Or Federal Reserve Chair Janet Yellen?
zerohedge.com / by Tyler Durden on 01/29/2015 16:48
In a day in which silver was pounded the most since September 2013 without any fundamental reason to explain this weakness (aside for the extensively discussedPrecious Metals-USDJPY funding pair trade, so favored by the central banks to punish gold/silver while pushing risk higher), many are wondering: what was the reason for this crash? Well, in a day in which Yellen now openly advised Democrats in a non-public setting about Fed policy, is it that ludicrous to assume that someone leaked the following announcement made after the close by the CME, namely that silver margins were just hiked by 11%?
teapartyeconomist.com / via usnews.com / January 29, 2015
In eight states, legislators are pushing bills they hope will either boot National Security Agency facilities or ban the agency from setting up shop. The bills would prohibit state and local governments from offering material support to the agency, including use of public utilities that carry water and electricity. Two of the bills would criminalize official cooperation with the NSA and several seek to squeeze contractors out of work with the electronic spy agency. . . .
Last year, bills in Utah – home of the NSA’s massive Utah Data Center – and Maryland – host of the agency’s Fort Meade headquarters – sought to shut down those operations, winning broad media coverage.
The Utah bill remains active and its sponsor, Republican state Rep. Marc Roberts, is cautiously optimistic about its chances,
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