Archive - Feb 25, 2015

Tyler Durden's picture

This Is What Happens To Gold In A Hyperinflationary Currency Crisis: Ukraine Edition





As Ukraine's socio-economic situation goes from wost to worst-er, today's announcement by President Poroshenko that the government will take actions to stabilize the currency (which as we previously noted, appears to be heading for hyperinflation) has Ukrainians rushing for the exits into precious metals... with only one goal in mind - wealth preservation.

 

Tyler Durden's picture

Caught On Tape: Florida Parents Treated Like Children For Questioning School Curriculum





"While some called us book-burning Nazis, Page 274 of “Civics in Practice” states, “Citizens must be alert to propaganda” and glittering generalities is a “type of propaganda which often uses words such as freedom and patriotism.” This world government indoctrination is augmented on Page 425, where a geographical map of North America eliminates the United States, and places our great nation in nine new “cultural nations.” For pointing this out, one public speaker at the School Board textbook workshop called us “narrow-minded, racist Bible-thumpers.”"

 

Tyler Durden's picture

Is This The Most Important Chart For The Future Of The World's Reserve Currency?





The one chart which, both literally and metaphorically, will determine how much longer the USD will reign as the world's reserve, is the following.

 

Tyler Durden's picture

TEPCO Admits Delaying Report Of Major Radiation Leak Into The Pacific Ocean For 10 Months





While faith in Japanese 'economics' is starting to falter (borne out by the split in the BoJ and endless macro data disappointments), trust in TEPCO and its governmental operators must be about to hit a new record low. Having promised and given up on the ice-wall strategy to stop radioactive water leaking into the ocean, Bloomberg reports TEPCO officials have admitted that it’s investigating the cause of a spike in radiation levels (23,000 becquerels/liter vs the legal limit of 90) in drainage water that it believes subsequently leaked into the Pacific ocean from the wrecked Fukushima nuclear power plant. The bigger problem, as NBC reports, TEPCO failed to report the leak for 10 months!

 

williambanzai7's picture

SYMPaTHY FoR THe GReeKS...





Please allow me to introduce myself...

 

Tyler Durden's picture

Janet Yellen Is Freaking Out About "Audit The Fed" – Here Are 100 Reasons Why She Should Be





Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. During testimony this week, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Janet Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim? If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide?

 

Tyler Durden's picture

Brazil Consumer Confidence Collapses To Lowest. Ever.





It appears all the emerging/emerged economies of the world that are supposed to be the dynamic growth engines to lead the world to escape velocity are, well, not. Perhaps no better example is Brazil where hyper-growth expectations have disappeared into a black hole as business and consumer confidence collapsed this week to historical lows. As Goldman noted, "This poses major headwinds for private consumption and overall activity in the coming months."

 

Tyler Durden's picture

Visualizing Who Controls The World's Silver Supply?





Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. The total amount of silver mined in global history is enough to create a 52m cube. So who controls that supply?

 

Tyler Durden's picture

Iran Televises Major Naval Drill Against Fake US Aircraft Carrier In Persian Gulf





Amid the to-ing and fro-ing of John Kerry and the nuclear program negotiations, it seemed quite ironic that Iran would unleash a major naval drill near the strategically vital entrance of the Persian Gulf. As AP reports, more than a dozen swarming Iranian speedboats assaulted a replica of a U.S. aircraft carrier, as the Guard's navy chief, Adm. Ali Fadavi, who last month boasted that his force is capable of sinking American aircraft carriers in the event of war, said on state television, "American aircraft carriers are very big ammunition depots housing a lot of missiles, rockets, torpedoes and everything else."

 

Tyler Durden's picture

After Six Years In Office, Has Obama Seen "The Great Light"?





No; Mr. Obama has not seen “the great light,” remaining as blind in Middle East affairs as he has been in his belligerent, anti-Russia approach in Eastern Europe.  He, like Don Quixote, is still riding his Rocinante as he charges the windmills.  Saint Paul did see the great light and is now known as Apostle of the Gentiles.  As for Obama, given his present lackluster status, it’s unlikely he will be politically canonized, much less be known someday as Political Apostle of either Americans or Non-Americans.

 

Tyler Durden's picture

After 75 Years, Hitler's "Mein Kampf" Will Be Re-Printed In Germany





Times, they are a'changing. For the first time in 75 years, according to multiple reports, CBS News reports, a new edition of Adolf Hitler's "Mein Kampf" will be bound for sale in bookstores in Germany. While the book, long known as "the Nazi bible," is widely available in the U.S. and much of the English-speaking world, it was for years banned from being reprinted in Germany over fears it would reignite the passions that plunged the country into World War II. Still, amid rising anti-semitism across Europe and a surge in nationalism, the timing is odd and as the head of Munich's Jewish community exclaimed, "this book is most evil."

 

Tyler Durden's picture

Russia's Military Exercises Are 10 Times Larger Than NATO's





In the global geopolitical chess game, does size matter?

 

Capitalist Exploits's picture

Understanding the Markets Through Ab Workout [Thanks George Soros!]





Financial markets and investing reflect the same characteristics as my attempt at keeping fit

 

Sprott Money's picture

Gold: The Good, Bad, and Truly Ugly





Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote:

 

“Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives.”

 

Tyler Durden's picture

Regret? Why Take A Chance





Behavioral economics suggests that a little QE can change human behavior at the margins, but no amount of QE is enough to change human nature at its core. The High Priests of the IMF, the Fed, and the ECB are blind to this because all of modern economic theory – ALL of it – is based on a single bedrock assumption: humans are economic maximizers. Yes, we are maximizers of reward. But we are also minimizers of regret. We seem destined to learn the hard way... once again...  that you can’t change human nature by government fiat. But individual investors and allocators can listen and learn from these old good ideas, and that’s how you survive the Golden Age of the Central Banker.

 
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