• Monetary Metals
    01/28/2015 - 00:28
    It’s terrifying how fast the whole Swiss yield curve sank under the waterline of zero. Now even the 15-year bond has negative interest. The franc has reached the end.

India

Tyler Durden's picture

Meet The Extreme Super Rich: A List Of The 80 People Who Own As Much As The World’s Poorest 3.6 Billion





"Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen." There you have it. The reason the wealth of the richest has doubled since 2009, is because “it’s not a recession, it’s a robbery.” Central bank and government policy has done this, it is no accident.

 
GoldCore's picture

Cyber Attacks Growing In Frequency – Entire Western Financial System Is Vulnerable





The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. Fail to prepare ... prepare to fail ...

 
Tyler Durden's picture

Russia May Condemn "Annexation" Of East Germany





Who says the Russians, increasingly isolated by the west (Europe and the US threatened over the past 24 hours to escalate sanctions yet again) and increasingly more welcome by China, India and the rest of the non-western world, don't have a sense of humor? Days after the speaker of the Russian Duma, Sergei Naryshkin, faced scathing criticism of Russia's annexation of Crimean peninsula when he spoke at the Parliament Assembly of Europe, he has come up with a novel suggestion when he asked a committee to study a proposal to condemn the reunification of Germany in 1990.

 
Reggie Middleton's picture

US Companies Report, Imported Unemployment/Deflation Appear Eerily Similar to Great Depression: ALL OUT (Currency) WAR! pt 2.5





US earnings drop materially less than a week after the ECB fires its gun & competing nations only start to react - just like the reaction at the beginning of the Great Depression! Rememberr, this isn' even a shootout yet. Wait until next quarter when the US multinatonals report. Of course, by then it'll be ALL OUT WAR!

 
Tyler Durden's picture

Failing Stimulus And The IMF's New 'Multilateral' World Order





2015 will be a year of shattered illusions; social, political, as well as economic. The common claim today is that the QE of Japan and now the ECB are meant to take up the slack left behind in the manipulation of markets by the Fed. I disagree. As I have been saying since the announcement of the taper, stimulus measures have a shelf life, and central banks are not capable of propping up markets for much longer, even if that is their intention (which it is not). Why? Because even though market fundamentals have been obscured by a fog of manipulation, they unquestionably still apply. Real supply and demand will ALWAYS matter – they are like gravity, and we are forced to deal with them eventually. The elites hope that this will be enough to condition the public to support centralized financial control as the only option for survival... It is hard to say what kind of Black Swans and false flags will be conjured in the meantime, but I highly doubt the shift away from the US Dollar will take place without considerable geopolitical turmoil.

 
GoldCore's picture

Currency Wars - Russia Buys 20.7 Tonnes Of Gold In December; Netherlands Refutes IMF Gold Data





Given that Russia perceives itself to be under financial and economic attack from the West, there is the possibility that they are accumulating more gold than they are declaring officially to the IMF.

De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up by GoldCore, that the bank had increased its gold holdings for the first time in sixteen years. IMF data had shown that the Dutch had increased their holdings to 622.08 tonnes.

 
Tyler Durden's picture

Chairman Of Joint Chiefs Honors Dead Saudi King With Essay Competition - Here's Our Entry





Chairman of the Joint Chiefs, General Martin Dempsey has, according to Politico, asked The National Defense University to establish an essay and research competition focused on the Middle East in honor of Saudi Arabia’s late King Abdullah. How very generous for America's top uniformed military leader to recognize such a leader of another nation... Though no details of the prize are available, we thought we would take a stab (figuratively) at an essay...

 
Reggie Middleton's picture

Stab, er... I Mean... Beggar Thy Neighbor - It's ALL OUT (Currency) WAR! Pt 2





The Japanese fire at the Europeans. The Europeans fire at the Japanese & Chinese. The Chinese fire scattershot at everybody else in Asia. England & America prep to teach those they consider muppets not to play with guns. It's World War Money, if you know what I mean...

 
Tyler Durden's picture

2 Foot "Quad-Copter" Crashed On White House Grounds





Over the past few days someone figured out that while there is an extensive barrier surrounding the White House, it only stretches about 8 feet above the ground. Everything above that is open air, or, as it is better known in this day and age of pervasive drone overflights: "a direct path."

 
Sprott Money's picture

2015: The Year of Default





Making New Year “predictions” used to be an automatic, beginning-of-the-year exercise, to the point where readers generally expected such pieces from the pundits they follow. However, it is an activity which has died-out somewhat, a casualty of our propaganda-saturated Wonderland Matrix.

When all that we can see around us is nothing but fiction and illusion, all events appear to be arbitrary – since we are unable to observe cause-and-effect. By definition; arbitrary events cannot be predicted. Thus these New Year’s “predictions” have become a Fool’s Game, and having been burned once (several times?), most commentators have reached the similar conclusion that this is an exercise in futility.

 
Tyler Durden's picture

Israel's President Refuses To Meet With Obama





Israel indicated earlier today that it has finally had it with Obama, with the above sequence of events culminated in what Haaretz described was a reciprocal snub of the "leader of the free world" by Israel's president Reuven Rivlin, who declined a White House invitation to meet with Obama during his upcoming US trip: After consultations, Rivlin finally declined the American suggestion. His advisers explained to the Americans that the two leaders’ schedules do not overlap, because Rivlin is expected to return to Israel before Obama gets back to Washington.  “At this stage, it has been agreed not to hold a meeting during his visit, due to the schedule constraints of both leaders, and that a meeting would be scheduled at a later date,” the statement said.

 
Marc To Market's picture

What to Look for in the Week Ahead





Non-bombastic, non-insulting simply straight-forward look at next week's key events and data.  If you are so inclined...

 
Tyler Durden's picture

The US-Saudi Relationship (Summed Up In 1 Cartoon)





With President Obama shunning Bibi and cutting short his India trip (along with Michelle) to meet new Saudi Arabian King Salman (dementia and all), we thought this cartoon summed up the relationship between America and its oil-exporting ally...

 
Tyler Durden's picture

Davos – The Arrogance Of Officialdom





In 55BC, Cicero stood before the Senate of Rome (warning of its looming demise), spoke of the “arrogance of officialdom” and the more one studies going ons throughout history, the clearer it becomes – the story remains the same, only the actors change - history repeats because the passions of man never change. Those who may grudgingly support the ECB stimulus in the hope that it will buy time for governments to enact structural overhauls, keep praying that politicians will push aside their own personal self-interests for once and focus of the interests of the people. Such wishful thinking is foolish since history demonstrates that only takes place when the system collapses. People who do hold to this view are also worried that looser monetary policy may work against structural measures. The European Central Bank’s stimulus diminishes any incentive for governments to reform. The policy makers and specialists at Davos were divided over the effect of even that program; but where do these people get off assuming they have the ability and right to manipulate the world?

 
Sprott Money's picture

Banksters’ Bullion - Crisis At New Extreme?





Another day goes by. Another day of the West’s (the One Bank’s) economic terrorism against Russia: an overt attack on that nation’s currency, and thus the economy itself. As noted in the commentary which preceded this; such economic terrorism against the ruble damages Russia’s economy, on a percentage-for-percentage basis.

 

Another day of defiance: by Russia itself, and (increasingly) the Rest of the World. We now know that part (and perhaps most) of the motive for this escalation of Western terrorism against Russia is gold.

 
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