KIM

Tyler Durden's picture

How The Fed Crushed China's Ability To Join The Ease-Fest





It will not come as a surprise to anyone who has spent any time reading Zero Hedge (here, here, and here very recently) but now yet another one of our 'crazy fringe blog' non-consensus ideas - the fact that China is cornered by inflation concerns and unable to ease aggressively - has now been confirmed by none other than the Bank of China and Bank of Korea themselves. As the WSJ reports, "The rise in global liquidity could lead to rapid capital inflows into emerging markets including South Korea and China and push up global raw-material prices." The latest round of easing by the U.S. will increase inflationary pressures for emerging-market economies, Mr. Chen said. "This contributes to a monetary-policy dilemma for Chinese authorities", he added. While markets have looked for signs of more forceful action by China's leaders to rekindle growth, some officials attribute the government's caution to fears of reigniting inflation. This confirms previous comments by the PBoC that "A domestic policy may be optimal for the U.S. alone. However at the same time it is not necessarily optimal for the world," he said at the time. "There is a conflict between the U.S. dollar's domestic role and its international settlement role."

 
Tyler Durden's picture

China Buys North Korea's Gold Reserves As South Korea Increased Gold Reserves By 30%





Desperate North Korea has exported more than 2 tons to gold hungry China over the past year to earn US $100 million. Even in tough times during the Kim Il-sung and Kim Jong-il regimes, North Korea refused to let go of its precious gold reserves. Chosun media reports that “a mysterious agency known as Room 39, which manages Kim Jong-un's money, and the People's Armed Forces are spearheading exports of gold, said an informed source in China. "They are selling not only gold that was produced since December last year, when Kim Jong-un came to power, but also gold from the country's reserves and bought from its people." This is a sign of the desperation of the North Korean regime and also signals China’s intent to vastly increase the People’s Bank of China’s gold reserves.

 
smartknowledgeu's picture

The Top 3 Rules to Understand About Gold & Silver Price Behavior





There are 3 solid rules to follow and understand when buying gold and silver bullion and or mining stocks. Here they are.

 
Tyler Durden's picture

Citi Hires Top Model Contestant To Sell Equity Derivatives





While we await the release of pictures for today's caption contest, namely Merkel and Samaras hugging it out, which incidentally will be today's top news, as the Greek PM enters the lioness' den and begs for more, only to hear Merkel recite Herman Cain's tax plan, here is another picture: it is of "America’s Next Top Model" contestant and MTV anchor Kim Stolz, who was just hired away by Citigroup from BTIG to be a VP in equity-derivative sales, according to Bloomberg’s Donal Griffin. This is a welcome development: with trading volumes at levels last seen in 1998, more and more banks will resort to hiring underemployed supermodels to incite their clients to transact with them (for all the obvious and not so obvious reasons). It also means that said supermodels will soon know all there is to know about delta, gamma, vega and theta. Which naturally sets the stage for Zoolander 2 and the latest and greatest face name: step aside "Blue Steel", enter "The Schwab Baby" - a look describing what happens when that massive short gamma position suddenly blows up in your face. At least the next round of Congressional hearings, when banks scapegoat the next bailout request on supermodels selling VIX, will be somewhat more attractive. Win win for everyone.

 
smartknowledgeu's picture

JS Kim of SmartKnowledgeU Discusses the Politics of the Banker Gold & Silver Price Management Game on Press TV





JS Kim of SmartKnowledgeU discusses the politics of the banker gold and silver price management game with Max Keiser.

 
smartknowledgeu's picture

With Gold & Silver, Why Does the General Population Consistently Get the “Buy Low, Sell High” Mantra Backwards?





The reasons why interest is so incredibly low in buying gold and silver among the general masses when they are screaming bargains, and why the general populace’s interest in PMs only perk up after prices have moved much higher, or worse yet, never at all, is a testament to the disinformation campaign waged by the bankers against the people.

 
Tyler Durden's picture

Guest Post: It's A Matter Of Trust - Part 1





Human nature hasn’t changed in centuries. We have faith that humanity has progressed, but the facts prove otherwise. We are a species susceptible to the passions of power, greed, delusion, and an inflated sense of our own intellectual superiority. And we still like to kill each other in the name of country and honor. There is nothing progressive about crashing the worldwide economic system and invading countries for “our” oil. History has taught that there will forever be manias, bubbles and the subsequent busts, but how those in power deal with these episodes has been and will be the determining factor in the future of our economic system and country. Humanity is deeply flawed; the average human life is around 80 years; men of stature, wealth, over-confidence in their superior intellect, and egotistical desire to leave their mark on history, always rise to power in government and the business world; this is why history follows a cyclical path and the myth of human progress is just a fallacy.

 
Tyler Durden's picture

Frontrunning: July 25





  • ECB's Nowotny - ESM banking license could be advantageous (Reuters) - just keep regurgitating headlines until they generate a short squeeze
  • IMF Says China Downside Risks Significant as Growth Slows (Bloomberg)
  • Moody's cuts outlook on EU stability facility to negative (Reuters)
  • Rome places spending controls on Sicily (FT)
  • Big banks' glory days feared to be gone for good (Reuters)
  • China's CNOOC scoped Nexen, partnered, then pounced (Reuters)
  • Germany backs Spanish austerity plans (FT)
  • Are 2012 Games one too many for London? (Reuters)
  • Euro Crisis Spreading East Damps Growth, Development Bank Says (Bloomberg)
  • Japan Flags Yen-Sales Impact as BOJ Eyes More Easing (Bloomberg)
 
Tyler Durden's picture

Frontrunning: July 20, 2012





  • Gunman kills 14 in Denver shooting at "Batman" movie (Reuters)
  • Full retard meets Math for Retards: Spain Insists $15 Billion Aid Need for Regions Won’t Swell Debt (Bloomberg)
  • World braced for new food crisis (FT)
  • Banks in Libor probe consider group settlement (Reuters)
  • U.S. banks haunted by mortgage demons that won't go away (Reuters)
  • Ireland Bulldozes Ghost Estate in Life After Real Estate Bubble (Bloomberg)
  • China will not relax property control policies (China Daily)
  • Russia, China veto U.N. Security Council resolution on Syria (Reuters)
  • Kim to reform North Korean economy after purge (Reuters)
 
testosteronepit's picture

“You Can Lose Freedom Only Once”





Swiss Minister of Defense speaks up while Merkel joins the Axis of Evil

 
GoldCore's picture

Russia Buys 0.5 Million Ounces and Bank of Korea “Needs To Buy More” Gold





"Unlike other financial instruments, gold doesn't produce interest. But given its symbolic presence and usefulness as a safe haven in times of crisis, the BOK needs to buy more. We may do so this year," he said.

 
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