kingworldnews.com / Saturday, March 8, 2014
PLEASE CLICK ON PICTURE TO LISTEN TO THIS EXCLUSIVE INTERVIEW
europac.net / Peter Schiff / Friday, March 7, 2014
Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans. And while it’s easy to conclude that the Polar Vortex has been responsible for an excess of school shutdowns and ice related traffic snarls, it’s much harder to conclude that it’s responsible for the economic vortex that appears to have swallowed the American economy over the past three months. But this hasn’t stopped economists, Fed officials, and media analysts from making this unequivocal assertion. In reality the weather is not what’s ailing us. It’s just the latest straw being grasped at by those who believe that the phony recovery engineered by the Fed is real and lasting. The April thaw is not far off. Unfortunately the economy is likely to stay frozen for some time to come.
Over the past few weeks, I have seen just about every weak piece of economic news being blamed on the weather. First it was lackluster retail sales that were chalked up to consumers being unable or unwilling to make it to the mall. (This managed to ignore the fact that online sales were similarly weak – which would be unexpected for a nation of snowed in consumers). Then came the weak auto sales that were ascribed to similarly holed up potential car buyers. However, this ignores that while GM and Chrysler sales were way down, sales for luxury cars like BMW, Mercedes and Maserati, surged to record high levels (more on that later). No one offered a reason why wealthier motorists were able to brave the cold. A number of other data points, such as lower GDP, productivity, ISM and factory orders were also ascribed to the elements.
Analysts also blamed the weather for weak housing sales and mortgage applications, which both hit multi-year lows. The idea being that hibernating buyers could not get to real estate open houses or to the bank to process loans. This idea ignores the fact that the weakest home sales over the last few months have come from the states west of the Rockies, where temperatures have been above average.
Of course the biggest weakness ascribed to the snow and ice has been the very disappointing employment reports over the last few months. Analysts faced a very difficult task in squaring these reports, which showed fewer than 187,000 new jobs created in December and January combined, with the accepted narrative that the recovery was firmly underway and that the economy was no longer dependent on the Fed’s monetary support.
goldmoney.com / Alasdair Macleod / 07 March 2014
From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday. On Thursday afternoon (GMT) gold rallied back to challenge the $1350 level. This morning (Friday) it is in the balance as to whether or not gold will need more consolidation before moving on towards $1400, with everyone watching out for US employment numbers.
The change in sentiment over the last eight weeks has encouraged small traders to go long on gold. Normally, market-makers would be able to mark prices down aggressively to shake out these short-term speculators, but it has not recently happened. This suggests that the underlying market is robust.
Admittedly political developments in the Ukraine are acting as a positive factor, potentially stimulating regional gold demand from countries such as Turkey. There are signs that investor liquidity may also be building in China, driven by bond market concerns. China suffered a minor corporate bond default this morning, notable because it is the first that has been allowed to happen, and it has led to other planned issues being put on hold. Gold is likely to benefit, driven by a new source of Chinese investor anxiety.
jessescrossroadscafe.blogspot.com / Jesse / 07 MARCH 2014
Gold and silver were both hit rather hard this morning on the release of the better than expected Non-Farm Payrolls report. What a surprise!
What was perhaps most interesting is that the rally in stocks did not stick, with equities falling off after a quick ‘three step’ move in the futures, and with the SP 500 and Dow coming back to unchanged in the afternoon. The NDX never did recover and put a second day in the red.
Miles Franklin, Published on Mar 7, 2014
On his weekly podcast, Andy Hoffman discusses China, unemployment, Japan, Europe, GDP, the Fed, money printing, Janet Yellen, Russia, Ukraine, gold and silver.
kingworldnews.com / March 7, 2014
As the world edges closer to war, today the top trends forecaster in the world told King World News that the United States is now attempting to destroy Russia. Celente laid out the astonishing details as he takes KWN readers around the world on a trip down the rabbit hole of what is really happening in Ukraine. Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable and timely interview.
Celente: “The big story of course is what’s going on in Ukraine, and the back-and-forth between Russia and the West. This is a very volatile situation and it’s been in the works for a long time. This is really more about the United States and the European Union moving into those eastern European countries that used to be under the Soviet bloc. It’s not going to have a happy ending….
zerohedge.com / by Tyler Durden on 03/07/2014 19:16 -0500
Having expressed her perspective of Russia Today’s “whitewashed” coverage of Putin’s invasion of Russia, Liz Wahl resigned live on air yesterday. This came on the heels of her colleague Abby Martin’s recent comments voicing here disagreements with Russian policies on the same state-funded network. Russia Today has responded… “When a journalist disagrees with the editorial position of his or her organization, the usual course of action is to address those grievances with the editor…But when someone makes a big public show of a personal decision, it is nothing more than a self-promotional stunt.”
harveyorgan.blogspot.com / Harvey Organ / Friday, March 7, 2014
Gold closed down $13.60 at $1338.10 (comex to comex closing time ). Silver was down 64 cents to $20.90
In the access market tonight at 5:15 pm
As promised to you last night, the boys were ready to whack gold and silver with the release of the NFP they did not disappoint us again with their antics.(Below we have many stories on the NFP). Gold and silver got a good boost at the end of the day with news that Russian troops entered the Ukrainian Air Force buildings in Sevastopol. The other big news from the Ukraine was the warning issued by Gazprom to the government of Ukraine to pay their overdue $2 billion USA or else. The else may be the turning off the valves to the pipelines which serve not only the Ukraine but all of Europe. Europe purchases 30% of all of their needs from Gazprom.
Now let us head over and see the readings for the GOFO rates.
Here are today’s readings with yesterday’s comparison:
Rates now in the positive in all months/ slight decrease in negativity in first month,3rd month,6th month/slight increase in negativity on the second month
i) One Month: +.012000% vs yesterday: +00600000%
London good delivery bars still in short supply
Let us now head over to the comex and assess trading over there today,
zerohedge.com / by Tyler Durden on 03/07/2014 15:50 -0500
Despite stocks being at record highs, sell-side strategists proclaiming today’s jobs report as great, and the Fed comfortable tapering in the face of transitory weather-related macro weakness, the following chart suggests all is not well… Echoing Irving Fisher, it appears we have reached a permanently high plateau in the duration of unemployment in America…
whygoldandsilver, Published on Mar 7, 2014
shtfplan.com / Mac Slavo / March 7th, 2014
Earlier this week we noted that an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets. It’s not so much the invasion force itself, but rather, the economic maneuvers that would come with it should Russia take this course of action.
Well known economist and founder of the Shadow Stats web site John Williams seems to agree. If Russia were to begin unloading US Dollars it would almost instantly lead to a collapse of not only our financial markets, but our entire way of life. And while Russia alone may not have the economic power to single-handedly crush the U.S. economy, if their trading partners and allies like China got into the mix, coupled with front-running investors who may suspect the move is about to happen, it could well be a blood bath on a global scale.
This wouldn’t even be an issue if the U.S. economy were operating at healthy levels, but as Williams notes in the following interview with Greg Hunter’s USA Watchdog, it’s anything but:
armstrongeconomics.com / Martin Armstrong / March 7, 2014
The propaganda never stops from both sides and to get at the truth just reading the press is next to impossible. The Russians keep touting this was a US plot, and the US keeps trying to wiggle into the situation but the GRASS-ROOTS people do not leave for they are pissed-off at government in general and do not trust even the interim so-called political care-takers.
The US is finding it hard because this is a GRASS-ROOTS uprising that is fed up with politicians and trusts nobody. The US needs some sort of political structure to deal with, yet the politicians there are seen by the people as questionable care-takers not worthy of their trust no less respect. Even the so-called Maidan leaders who showed their faces once or twice in the Maidan are not acceptable and certainly not trusted.
stawealth.com / by Lance Roberts / Friday, March 07, 2014
There was so many good things to read this past week that it was hard to narrow it down to a topic group. After a brief respite early this year, the markets are hitting new highs confirming the current bullish trend. As a money manager, this requires me to increase equity exposure back to full target weightings. After such an extended run in the markets, this seems somewhat counter-intuitive. It is, but as Bill Clinton once famously stated; “What is….is.”
However, while the current market “IS” within a bullish trend currently, it doesn’t mean that this will always be the case. This is why, as investors, we must modify Clinton’s line to:“What is…is…until it isn’t.” That thought is the foundation of this weekend’s “Things To Ponder.” In order to recognize when market dynamics have changed for the worse, we must be aware of the risks that are currently mounting.
1) Fisher Warns Fed’s Bond Buying Could Be Distorting Markets via Reuters
While this article falls in the “no s***” category, Dallas Fed President Richard Fisher points out areas that we should be paying closer attention to for signs of change.
Here are his main points:
1) QE was wasted over the last 5 years with the Government failing to use “easy money” to restructure debt, reform entitlements and regulations.
2) QE has driven investors to take risks that could destabilize financial markets.
3) Soaring margin debt is a problem.
4) Narrow spreads between corporate and Treasury debt are a concern.
5) Price-To-Projected Earnings, Price-To-Sales and Market Cap-To-GDP are all at “eye popping levels not seen since the dot-com boom.”
In order to make it in professional sports, you have to be an elite athlete. What is amazing, is that among all of the elite athletes, there are always one or two that rise above all others. Players like Michael Jordon, Tiger Woods, Nolan Ryan and many others have elevated their game to inexplicable levels. In the investment game, there are a few individuals that have done the same. The follow three pieces are views from some of these men Howard Marks, Jeff Gundlach and Seth Klarman.
zerohedge.com / by Tyler Durden on 03/07/2014 16:05 -0500
The world and their pet rabbit was convinced yesterday that today’s jobs number was both the most-important-number-in-the-world and didn’t matter (because whether it beat or missed it was bullish for stocks). Seconds after the release that appeared to be true as JPY instantly dragged stocks to record highs (and the USD up and bonds and gold down). However, trumped by confirmation that the taper is continuing, Gazprom warnings, Lavrov threats, and finally reports of a Russian invasion, stocks leaked lower to Tuesday’s ramp-day closing levels. Thanks to some last-minute JPY and VIX banging, S&P closed green for the 15th of last 16 NFPs. Despite intraday volatility, the USD ended the week unchanged, gold +1%, silver -1.5% and Treasuries +14bps or so (its worst week in 6 months!). Credit markets continue to be non-believers (with the high-yield bond ETF plunging this week). Critically, after last night’s default in China, Iron Ore and Copper futures were crushed and we suspect Sunday night’s Asia open could see more fireworks.
So some see today’s jobs data as good news (NFP beat) which is bad news as it encourages moar taper… sell bonds, sell gold, buy USD and it took a little for stocks to catch up that in fact this is dismal job growth and hoping that we have reached escape velocity is a dream… and this print won’t allow the Fed to save the day if we tumble on the back of some exogenous event…
freedomoutpost.com / Richard Anthony / March 6, 2014
The ground work has already been laid, that in the event of a national emergency, with a mere stroke of Obama’s pen this is how martial law could play out. This is, in part, what Justice Antonin Scalia referenced last month.
Here are the Executive orders already in place in the event of a national crisis:
Allows the government to take over all modes of transportation and control of highways and seaports.
Allows the government to seize and control the communication media.
Allows the government to take over all electrical power, gas, petroleum, fuels and minerals.
VisionVictory, Published on Mar 7, 2014
truthingold.blogspot.com / BY DAVE IN DENVER / FRIDAY, MARCH 7, 2014
I encourage everyone to read that brief interview with Richard Russell.
As I discussed yesterday, we know the Government is lying through its teeth to us about the Ukraine situation. It’s amazing how quickly CNN and Fox News seem to have misplaced the Victoria Nuland phone tape discussing the $5 billion the U.S. has “invested” to foment the unrest over there. You know, the one in which she says “F_CK the EU.” Both CNN and Fox are disseminating nothing but the lies being promoted by Obama/Kerry etc without researching or reporting on the actual facts. Kind of ironic that CNN backs the Obama regime’s backing of the neo-Nazis who have taken control of western Ukraine (I’m not surprised that Fox News supports this).
The Government also lies about the employment situation in this country. We saw the most recent example today with the Bureau of Labor Statistics monthly employment report claiming that the economy generated 175,000 jobs in February. I don’t want to go through a detailed analysis of the data as reported and the obvious statistical manipulation implemented on that data. The real issue is the legitimacy of the data itself. This requires thinking about the data as presented in the context of every other business data report that was released during February, especially the reports from the private sector.
zerohedge.com / by Tyler Durden on 03/07/2014 13:24 -0500
With chatter of overnight invasions increasing and rhetoric surging among the non-Russian-allied nations of the world, Russian foreign Miniister Lavrov has some serious words of warning for the West:
Lavrov added that “hasty and reckless steps” would harm Russian-American relations (and bear in mind Russian lawmakers are already drawing up a bill to confiscate western assets).
thedailysheeple.com / Chris Carrington / March 7th, 2014
In it’s latest Quadrennial Defense Review the Pentagon has said that climate change and ’erratic’ climate will cause increased terrorist activity.
The four yearly reports highlight threats that face civilization and this years homed in on climate change causing an increase in terrorism.
It also mentioned that rises in sea levels and other issues associated with a warming planet will lead to food scarcity and higher food prices as well as contestation and conflict over water.
It is this competition that they feel will cause an increase in terrorist incidents.
The 64 page report focuses on the impacts, but mentions next to nothing about the solutions that might alleviate such problems.
jessescrossroadscafe.blogspot.com / Jesse / 07 MARCH 2014
“Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas. The wealth of another region excites their greed; and if it is weak, their lust for power. Nothing from the rising to the setting of the sun is enough for them.
Among all others only they are compelled to attack the poor as well as the rich. Robbery, rape, and slaughter they falsely call empire; and where they create a desolate wasteland, they call it peace.”
Tacitus, Calgacus’ Speech from Agricola
Remembering this may help one to understand some of the things that happen that otherwise may seem to make no sense. In the pursuit of profit, their hypocrisy and disregard for justice and human life knows no bounds.
I will let you in on a little secret. Not always, but the worst of them have a ‘tell.’ You have to look at the long record of a person’s action and mode of acting to assess this. Are they plain and straightforward, or highly political and evasive in their motives. Do they often say one thing, and yet do another. If so, then this is their ‘tell.’
zerohedge.com / by Tyler Durden on 03/07/2014 14:10 -0500
Update 2: ARMED ATTACKERS LEAVE UKRAINE MILITARY BASE IN SEVASTOPOL: TV5
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Update, and this time from Reuters:
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More lies, propaganda, or for once, the truth? Just out from Time’s Simon Shuster:
SGTreport.com, Published on Mar 7, 2014
Researcher and You Tuber Hatrick Penry joins us to discuss what he calls the world’s largest provable coverup – Fukushima Plumegate. Hatrick has assembled more than 445 pages of government and regulatory documents through FOIA which show the frightening realities of the Fukushima Diachi nuclear disaster in the days, weeks and months following the devastating March 11, 2011 Tsunami and resulting hydrogen explosions which devastated Daiichi Units 3 and 4. There is much more to the official story than meets the eye, including documentation which suggests a ‘Japan Earthquake and Tsunami Drill” was taking place on the same day and place, on March 11, 2011.
zerohedge.com / by Tyler Durden on 03/07/2014 15:16 -0500
Another month down, another month in which US consumers deleveraged by paying down their credit cards. Although that is not exactly correct: as we showed recently, the New Normal source of credit has nothing to do with revolving debt, or credit cards, or any other old normal notions, and everything to do with student debt, which is used for everything except paying for tuition. That, and car loans of course. Sure enough, in February, of the $13.7 billion in new loans created, $13.9 billion, or 102% of all, was there to fund student and car loans.
kingworldnews.com / March 7, 2014
Today former US Treasury official, Dr. Paul Craig Roberts, spoke with King World News about the ongoing danger the world faces because of the crisis in Ukraine. Dr. Roberts warned “the very existence of the human race is on the line.” The interview ends with an ominous warning for the entire world. Below is what Dr. Roberts had to say in this remarkable and timely interview.
Dr. Roberts: “The Parliament in Crimea has voted to secede from Ukraine and return to Russia. The Crimean population is Russian and they don’t want anything to do with the American-orchestrated coup in western Ukraine. In 9 days there will be a referendum to see whether a majority of the people agree with this, and of course they will.
Now, there’s been no Russian invasion. That’s a lie coming directly out of Victoria Nuland’s State Department and it has spread all over the world….
Gregory Mannarino, Published on Mar 7, 2014
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