• GoldCore
    07/30/2014 - 18:58
    “But long term...and economic law says, if you keep printing a lot of paper money, the value of the dollar and currency will go down, and things and most prices will go up and indeed gold always goes...

Joe Biden

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Company In Which Joe Biden's Son Is Director Prepares To Drill Shale Gas In East Ukraine





Recall what we said earlier today: the proxy war Ukraine conflict, just like that in Syria preceding it, "is all about energy." Recall also the following chart showing Ukraine's shale gas deposits, keeping in mind that the Dnieper-Donets basin accounts for approximately 90 per cent of Ukrainian production. Finally, recall our story from May that Joe Biden's son, Hunter, just joined the board of the largest Ukraine gas producer Burisma Holdings. Now put it all together and you will like figure out what will happen next.

 
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Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia





As Turkey's graft probe continues (which the Prime Minister believes is a conspiracy - fact or not - created by The West), AP reports that Recep Tayyip Erdogan has said he no longer holds "direct" telephone conversations with U.S. President Barack Obama, suggesting a rift between the leaders who were once close. What is perhaps even more concerning is Turkey's recent de-dollarization discussions with Russia to move to settlement in local currencies. It appears 'allies' are falling by the way-side quicker than many thought...

 
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Ukraine's New Interior Minister Promises To Retake Crimea From Russia





The most surprising news of the day comes not from the contested region, but from Kiev where Ukraine's president Poroshenko appointed a new Ukraine defense minister, Valeriy Heletey. His first promise? To not only re-engage Russia in Crimea, but to be victorious in doing so. From BBC: New Ukrainian Defence Minister Valeriy Heletey has promised that the army would retake Crimea, restoring the country's territorial integrity. "Addressing parliament in Kiev, he said: "There will be a victory parade... in Ukraine's Sevastopol." Lt Gen Heletey, 46, was approved by MPs in Kiev after being recommended by Mr Poroshenko as someone who would work day and night to restore the military capability of the country's armed forces. His remark about Sevastopol was applauded by the chamber. We are confident Putin had a different, and far more amused reaction to the statement.

 
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"The Gap Between Those With Money & Those With Knowledge Has Grown Catastrophic"





"The one unlimited resource we have on the planet is the human brain – the current strategy of 1% capitalism is failing because it is killing the Golden Goose at multiple levels. Unfortunately, the gap between those with money and power and those who actually know what they are talking about has grown catastrophic. The rich are surrounded by sycophants and pretenders whose continued employment demands that they not question the premises."

 
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Iraq Update: Jihadists Seize 2 More Iraqi Towns; Close To 30 Miles Of Baghdad; Iran Rushes To Help





While the US scrambles to figure out what the least painful way is to admit yet another humiliating foreign policy defeat, things in Iraq continue to deteriorate as the relentless blitzkrieg unleashed by the ISIS/ISIL Al-Qaeda spin off, which has shocked everyone by its speed and scale, takes two more towns, as it rushes for its target: Baghdad itself.

 
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The Unfaithful Departed: Meet The People Who Bailed On The Obama Administration





Friday's latest resignation of yet another former Obama administration faithful - that of White House press secretary Jay Carney - got us thinking: how many people have jumped off the USS Obamic? The answer is, in short, a lot. Below is a list (by no means complete) of the most prominent officials and advisors who have quietly exited the Obama administration stage left over the past 6 years.

 
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US Officially "Takes No Position" On China's Provocative Actions In Disputed Waters





In a somewhat stunningly hypocritical step for a nation that seems so hell-bent on proclaiming Russia's provactive actions as tantamount to World War over Ukraine, the White House has issued a statement "taking no position" on China's "disputes" in the China Seas...

  • *BIDEN MEETS CHINESE ARMY CHIEF OF STAFF FANG AT WHITE HOUSE
  • *BIDEN SAYS U.S. TAKES NO POSITION ON TERRITORY CLAIMS AT ISSUE
  • *BIDEN SAYS NATIONS SHOULD AVOID PROVOCATIVE STEPS IN DISPUTES

So - the Chinese undertook "provacative actions" into the "disputed territory" of another sovereign (allied) nation... and the US retaliates with no sanctions, no damnation, no hellfire? Good to know who your friends are...

 
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Sergey Lavrov: "If Russian Troops Or People Attacked, We'll Retaliate"





It took Joe Biden just a day after his arrival in Kiev to kill and bury the last remaining hope that last week's latest attempt at diplomatic de-escalation in Geneva would actually be anything more than a joke. A few hours ago, in a statement posted on the parliament website, Ukraine acting President Oleksandr Turchynov said that pro-Russian separatists have "crossed line" adding that East Ukraine is currently controlled by “terrorists” supported by Russia. In other words, the same old song and dance. Which is why this time Russia made it quite clear to issue a warning that the next time there is a provocation against its soldiers or, more importantly, against its people, those in East Ukraine to be specific, it would retaliate. Once again, Obama's "costs" message is lost on Putin...

 
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Ukraine Military Plane Hit By Gunfire Over Pro-Russia Held Slavyansk





It would seem a red-line or two have been crossed:

*UKRAINE MILITARY  PLANE HIT BY GUNFIRE FROM REBEL TOWN: AFP

This comes on the heels of elevated tensions in the last few days since the "deal" and Biden's arrival in Kiev. Last week saw 'unidentified' fighter jets open fire on the Pro-Russian-held Kramatorsk airfield.  The plane, a propellor-driven Antonov An-30, safely made an emergency landing

 
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Biden Warns Russia "It's Time To Stop Talking, And Start Acting"





Vice President Jo Biden's show of support arrival in Ukraine started with a somewhat back-handed statement that left some questioning Biden's diplomatic skills once again. "You face some very daunting problems and some might say humiliating threats are taking place," Biden spoke to Ukraine officials, pledging an additional $50 million to help Ukraine's beleaguered government with political and economic reforms. As CBS reports, The White House has also announced $8 million in nonlethal military assistance for the Ukrainian armed forces, including bomb-disposal equipment, communications gear and vehicles. Biden concluded his oratory with a threat - that seemed oddly worded given the 'actions' of the last few days, warning Russia that "it's time to stop talking and start acting."

 
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Traders Walk In On Another Sleepy Session In Search Of Its Volumeless Levitation Catalyst





Moving onto overnight markets, apart from China we are seeing broad based gains across most Asian equities. Bourses in Japan, Korea and Australia are up +0.2%, +0.2% and +0.5% respectively whereas the Hang Seng and the Shenzhen Composite indices are down -0.2% and -1.1% as we type. The gains in broader Asia Pacific followed what was another constructive session for risk assets yesterday during US trading hours. The S&P 500 (+0.38%) rose for its 5th consecutive day partly driven by better corporate earnings from the likes of GE and Morgan Stanley. Staying on the results season, we’ve had 70 of the S&P 500 companies  reporting so far and the usual trend is starting to emerge in which earnings beats are faring better than revenue beats. Indeed the beat:miss ratio for earnings has been strong at 77%:23% whereas revenue beats/misses are more balanced at 50%:50%. Looking ahead, markets should get ready for another big week of US earnings.

 
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Have No Fear, Joe Biden Is Here (Or Rather, In Kiev)





John Kerry (and more secretly, John Brennan) came, saw, and failed miserably, and repeatedly, to "de-escalate" (or, re-escalate in the case of the CIA visit) the Ukraine situation. So the time has come to bring out the bug gun. Sure enough, heeeeere's Joe, as he arrived in Ukraine. And now sit back and watch as world peace breaks out in 5.... 4.... 3....

 
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Obama And Biden Explain How Great The Economy And Stocks Are - Live Feed





While Fed's Fisher explains how Fed policy has benefited the rich, President Obama (and Joe Biden) are in front of the teleprompter to explain how great it all is for the rest of Americans...

*OBAMA SAYS STOCK MARKET SOARING, TOO MANY AMERICANS STRUGGLING

cue class warfare...

 

 
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Bomb Squad Arrives At Boston Marathon Finish Line To Investigate Unattended Bags





On the one year anniversary of the Boston Marathon Bombing (which oddly enough the NSA did not prevent, even before its expansive anti-terrorist exploits were revealed by Edward Snowden) it was practically unavoidable that there would be some echos of that tragic day. Sure enough as CBS reports, "the area near the finish line of the Boston Marathon was evacuated Tuesday night after two unattended backpacks were left at the finish line. Police tape has been put up around the photo bridge on Boylston Street. WBZ-TV photographers on scene say they saw a person with the backpack screaming “Boston Strong” before police cleared everyone from the area."

 
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