Archive - Apr 2015 - Blog entry

Anthrax Was As Important As 9/11 In "Justifying" the War on Terror, the Iraq War, and the Patriot Act

Wall Street turns junk-rated US corporate loans into highly rated yen-denominated bonds. Desperate Japanese pension funds gobble them up. Blame the Bank of Japan.

Sentiment in general remains poor and all the focus is on gold's weakness in dollar terms, despite gold's strong gains in euro terms in 2014 and so far in 2015. Poor sentiment is of course bullish from a contrarian perspective and suggests all the froth has been washed out of the gold market.

In 2010, contrary to nearly every pundit, analyst and economist popularly published, I proclaimed ZIRP would starve the banks. Fast forward 5 years and banks are looking famished and things are getting worse 'casue more bailouts are coming before we finish ending the last bailout program (ZIRP) - The Federal Reserve has decided to let U.S. banks make limited use of municipal bonds to meet liquidity requirements

In the first part of this series; several fundamental principles of economics (and markets) were stressed. Supply/demand analysis is not merely objective, and logically/mathematically irrefutable; it is the only basis upon which the market for any hard asset can be analyzed. Conversely the price-analysis constantly parroted by the Corporate media is utterly devoid of any significance or legitimacy – in the corrupted crime-scenes of today which we call our markets.

And they will follow...

 Oil prices should become 'lower for longer", but the wild card would be the OPEC meeting this June... 

The situation in Greece boil down to the single most important issue for the finacial system, namely collateral.

Surprise! Surprise! Five years ago I said the only way Goldman would ever break $200 again was to ratchet up risk. Guess who broke $200 this morning. Better yet, guess how they did it! Every financial rag and business blog should read this BEFORE writing another word about GS blowout earnings!

A “soft landing” is unlikely. 

Here, take all our wallets while you are at it...

Having written for several years about precious metals, the massive threat to our financial security (from our own financial institutions), and why gold and silver represent our best protection from that threat; it’s easy to forget that there are readers who are new to this sector. For those readers; it is necessary to review the fundamentals of supply and demand.

The past six years have transformed my disposition toward the markets from excitement to frustration to despair to disillusionment to sheer tedium.

Which is no big deal considering that financial hyenas have been operating there freely for decades.

One Is a NeoCon Warmongering Crook ... The Other Is a NeoLib Warmongering Crook. See?? Totally Different!!!