Too Many Events

We in the blogosphere tend to like our news fresh and unfiltered.  We thirst for honesty, condemning editorialized, whitewashed opinion pieces passing as journalism.

In this spirit, it is astoundingly obvious that events of significance are occurring with alarming frequency.

Within the past week are these stories, in no particular order:

Blythe Masters leaving JPM;

60 Minutes story on HFT, rigging and corruption;

Several lawsuits vs. TBTF banks, foreign and domestic, for rigging LBMA;

More banker deaths, JPM this time,

US economic sanctions against Russia, Russia retaliation, more US retaliation, tit for tat escalation, with the latest being today's announcement of Russia's seeming end to the dollar hegemon;

Prez. Obummer's embarrassing Euro tour, ending on a sour note getting kicked out of Saudi;

Libya Benghazi congressional hearing politicizing the political cover-up circus that surrounded the CIA operation to run guns to Syria;

The disappearance of the MH370 disappearance story; and

Ft. Hood Shooting.

There are more and more, but you get the picture.

News stories abound.  Events are escalating in frequency and significance.  Financial punditry is appearing less and less artificial, and more and more frayed around the margins such that actual, useful opinions are emerging.

What does it all mean?

System stability is in jeopardy.  The western economic fiat scheme is a dynamic system.  Constant control inputs must be made to manage the artificiality of it all.  In this dynamic system, things are out of balance, and control system input levers have reached their extreme end of their ranges of motion.  No more control inputs can be made that will have any effect to counteract the dynamic forces acting upon the system.  We have reached system imbalance such that we have to, in essence, "eject to save the pilot but lose the plane."

In light of the FRN price of gold and silver, I am overwhelmingly convinced that we are on the cusp of a dramatic financial event.  Gold is priced in FRN's at less than the costs to extract it; yet, not a single local coin store in my neck of the woods has any one ounce US coins on offer.  The gold price has broken.  The paper price is so far below the proper value that a true black market pricking scheme is the norm.

Looking forward, the Russian /US sanction game is poisonous and will infect the economic system fatally very shortly.  It cannot end any other way.

It is time to watch intently and be nimble.  The currency war is upon us in real time.  It will end badly.  Folks who have not read Rickards "Currency Wars" should do so and soon.

109 Comments

Louie's picture

First!

For this position I thirst

Oh, the chance to be FIRST!

Quicker than most

Blythe Master is toast

and Cali Lawyer gave us an excellent post!

Thanks Cali!

DeaconBenjamin's picture

Gold up 1%, most in 3 weeks, ahead of US jobs data

The possibility of higher inflation pressure from bullish data for US jobs and factory orders growth in March also helped.

NEW YORK: Gold rose about 1 per cent on Wednesday, its largest gain in three weeks, on bargain hunting in the precious metal after two straight days of losses, traders said.

The possibility of higher inflation pressure from bullish data for US jobs and factory orders growth in March also helped.

"There was pretty good bargain hunting across precious metals today," said George Gero, senior vice president and gold analyst at RBC Wealth Management in New York.

"It's significant that we are seeing this on the first real business day of the new quarter, after the April 1 decision making by fund managers which is little more than a monkey-see, monkey-do process."

http://economictimes.indiatimes.com/markets/commodities/gold-up-1-most-in-3-weeks-ahead-of-us-jobs-data/articleshow/33146939.cms

DeaconBenjamin's picture

Brazil Central Bank raises rates to battle inflation

Is the Brazilian economy is slowly beginning to show momentum? [Xinhua]

Is the Brazilian economy is slowly beginning to show momentum? [Xinhua]

The monetary policy committee at the Central Bank of Brazil raised the benchmark Selic interest rate to 11 per cent late on Wednesday in a bid to boost the economy amid rising food prices.

It has raised the rate from 10.00 at the beginning of the year to 10.75 per cent in February. Wednesday’s unanimous decision is the ninth consecutive time that the Bank has raised rates.

While some analysts are speculating that another rate increase may come as soon as next May, the Bank chose its words more carefully:

The committee will monitor the evolution of the macroeconomic outlook until its next meeting, to then define the next steps in its monetary policy strategy.

In early March, the central bank revised its full-year 2014 inflation forecast to 6.1 per cent from 5.6 per cent. Last week, the figures were again modified – the new inflation forecast is 6.3 per cent, just 0.2 per cent shy of the bank’s ceiling.

Meanwhile, Brazil’s national statistics agency IBGE also said on Wednesday that output of durable consumer goods rose 3.3 per cent in March while capital goods production rose by 0.1 per cent.

http://thebricspost.com/brazil-central-bank-raises-rates-to-battle-inflation/#.Uzy3m1eilLR

glimas's picture

visit

somebody better be making a visit to be ready for shtf me thinks........I agree we are seeing the quickening......hopefully we have more time.  Although things say otherwise.

Dr Jerome's picture

Yellen riding a motorcycle

Nice video here of Janet Yellen riding a Fiat motorcycle.

California Lawyer's picture

I Hear You Glimas

Believe me, I hear you loud and clear.

Gold Dog's picture

OT- Kudos to provident for the contest.

We have been needing one for some PM's around here for some time.

Turd- What everyone is asking is- Will LT2 be announcing the winners? (I vote yea!)

Your friend,

Dog

Bongo Jim's picture

Agreed

Way too much weirdness coming at us these days.

Gold Dog's picture

Of passing interest

On March 14th the CB in Norway cut their interest rate. When I got home from Chile I checked my account in Oslo, basic savings account at DNB, and they had upped my interest rate from 2 5/8ths to 3%.

Forbes rated them among the top 50 safest banks in 2013, go figure?

YF,

D

Safety Dan's picture

Does the stock market crash every 7 years

stock-market-crash-every-7-years.png

Well nothing is set in stone, but be that as it may there is what I can see a 7 year cycle occuring on the market right now. 

http://sentiment-trader.blogspot.com.au/2014/03/stock-market-crash-every-7-years.html

Metal-Urge's picture

Gofo

How can I search for gofo rates. the old link that Turd posted lbma no longer works. Can anyone help?

Hammer's picture

China's government has

China's government has unveiled major infrastructure boosts to avert a slowdown in the world's second-largest economy

Soldiers use stars to turn red marshland into the Chinese flag to celebrate the country's National Day

China's economic growth has slowed in recent months Photo: Quirky China News / Rex Features

http://www.telegraph.co.uk/finance/business-news-markets-live/10741027/Business-news-and-markets-live.html

El Gordo's picture

The strangest part of all...

...is that Jim Willie is even starting to make sense some of the time.  What happens if the Saudis measure the strength of will to act and , see a gold backed ruble, and decide to turn away from the US to Putin for protection?  The Putin believes as much in himself and his place in history as BO believes himself to be the Messiah.  Which one is the realist.  Our enemies see the largest unarmed military installation in the word attacked again by a ??? and its response being to dial 911 and shelter in place - what impression does that leave our enemies with?   Our leadership trying to manage (create) crisis to crisis without any guidance from policy directives or concepts, at least that we've been made aware of.  Maybe the rest of the world has figured out that this golden moment of opportunity to crush the US will run out in a couple more years, so the time to act is drawing near.  Well, guess I shouldn't worry so long as the government can issue checks once a month, the water runs, electricity is available, and Walmart accepts food stamps for everything on its shelves. 

Mantis's picture

Pay no attention

to the man behind the curtain

mac's picture

Bankster Paradise...

feeding us Propaganda all day on their MSM

networks...JPM and GS own the media basically.

They want you confused, off balance....

So all these bizarre stories...

We already know Bloomberg will run contradictory "news" within minutes.

That is the plan, to keep you a sheeple..an "american idiot".

It is working excellently!

 

El Gordo's picture

Hurricane season

Hurricane season on the Texas gulf coast is less than 2 months away.  Better get your batteries and bottled water soon or you will die. 

Motley Fool's picture

Metal-urge Re: Gofo

http://www.lbma.org.uk/pricing-and-statistics

New site. Select GOFO from the list.

Sharer's picture

free bitcoins, thank me

free bitcoins, thank me laterwink

http://freebitco.in/?r=380325

mac's picture

Me too,

I'm more than confused, as I watch these currencies bouncing and it 's apparent somebody is at work...

The content of MSM and the Banksters behind it is nasty lies backed by massive fiat!

Buy Futures with the stuff, buy the moon; it is an amazing trick - to get the world to do your bidding - for the USD.

Can't last, a five year old could get it quickly....this dollar distribution, buying elites all around, buying militaries, whatever, is this a dream?.

Sit on phys, some jnugt.

Good luck.

Mr. Fix's picture

Great article, California Lawyer:

In going through today's article, I get the distinct impression that you may have changed your outlook on the way things will unfold, namely from a long slow decline, to a rather swift economic Armageddon.

I've been working from the premise that virtually every aspect of life as we know it is being set up to collapse simultaneously. The groundwork has already been laid for a  tyrannical fascist police state here in the United States, but this collapse will most certainly be global in scale.

I think “shock and awe” is on the agenda, which is specifically designed to freeze most people in their tracks, in an overwhelming state of terror as everything they thought to be true is exposed as a complete lie.  An epic loss of life appears to be planned into the mix.

The level of misinformation and deception  in both the mainstream news outlets, and increasingly in cyberspace is becoming so confusing, that it is becoming increasingly difficult to separate fact from propaganda.

There appears to be a concerted effort at misdirection no matter where you look today.

Most analysts (the ones that have been paying attention) are surprised that it has lasted this long.

I think we are actually quite a ways past the  intended expiration date of our current paradigm.

With increasing regularity, false flag events are being exposed as the total frauds that they are, and the agenda is becoming increasingly apparent.

All we can do is stay nimble, keep  preparing, and take one day at a time, with full knowledge that it may all come unglued at a moments notice.

At this juncture, a faith in a higher power is critical, along with a positive mental outlook, because as the facts of our current system are revealed, we will have little more than faith to ward off a sense of impending doom.

Have a plan, prepare for the worst, and hope for the best.

At this point, it is also helpful to talk it out with others, because it is becoming so obvious to even the uninitiated that something is radically wrong, and our current system can't possibly survive.

Have a nice day.smiley

Mr. Fix's picture

Just posted: Two hours of brand-new Jim Willie:

Last week, there was one hour of fairly low quality audio released, which has been cleaned up substantially, and in this release, there is a second hour of previously unreleased material.

Enjoy.

silver66's picture

IMF wanted India to sell their gold

http://tribune.com.pk/story/688588/turn-down-pakistan-refuses-to-sell-gold-worth-2-7b-reveals-imf-report/

It is obvious they had their best interests at heart (sarc)

Silver66

buzlightening's picture

It is all happens incredibly fast.

As Willie states lightening speed systemic breakdown.  Read enough commentary to know you either have a metals position or you don't, when metals are set free; finding unsuppressed value; reality value of gold and silver sound money.  All others to be SHUT OUT!  lil scamBO is such a slithering cretin, April 6th, 1933 has got to be on the vipers mind.  That was the FDR date of 40% lose of wealth to all Americans across the board; suddenly overnight.   Keep that in mind as well as 4/11/14 FRYday.  All happening so lightening fast, no one should be surprised on this blog. 

nreinke's picture

Handy Chart

http://www.lbma.org.uk/pricing-and-statistics

Change the 'Price For' field to GOFO and reduce the time scale.

buzlightening's picture

jpig reversal on Russia laughable

Didn't get permission from simon says.  Russia says to jpig," we'll just crush your tiny debt based ponzi bonzi prokin pig men asses now, rather than later.  US biggest debtor nation in the universe and no debtor nation has ever dictated future financial systemic changes to creditor nations.  US ID DEAD and so is the DOLLAR.  No one in the CONgress or SINate savvy enough to see it.  All blinded by the arrogantly strutting prideful light of so many decades of prosperity and callin the financial shots globally.  NO MORE!

Patrancus's picture

The battle for Ukraine

retireyoung's picture

Posting by California Lawyer

Your well written piece is, in my view, summed up by the sentence, "System stability is in jeopardy".  You list some of the events that are unfolding in the world to illustrate that point.  Certainly, many, if not all, (well not quite all) of the posters here would heartedly agree with that viewpoint.

On and off, I have followed this website for several years and there is always an expectation that SOMETHING in the upcoming weeks or months or several years that is lurking that will cause a significant and downward shift in our standard of living or even kill us all outright. 

Many urge us to prepare for this inevitability by stocking food, precious metals, guns, or moving to North Dakota or some isolated island. 

And, to an extent, that is right.  Something significant WILL happen to our civilization.  History shows us that.  But to me the other important factor in the equation is WHEN that will happen.

To live your life expecting the worst to occur in the next few weeks or months becomes tiresome eventually.  I do not believe that the "something bad" will happen in the next few weeks or months or even years.  Prepping is referred to sometimes as "insurance".  And, in my view, some prepping is necessary as a basic part of living your life, i.e. food, water, precious metals, etc.  But the concept of insurance is not always helpful.  Insurance CAN be inadequate but it also can be not necessary or too expensive.

What is my evidence?  Well, you list some of the events troubling our world.  And there are many more.  But the world is going along as it has for many years.  There are problems but, believe me, I remember in the late 1970's, there were many people listing off world problems and the theory that we are soon doomed.  And we are still here.

It just seems to me that to live your one life (at least on this world) in a constant expectation of imminent doom is kinda hard on the psyche and, indeed, is not for me.  

P.S. Oh, and Patraneus-- the website you linked to is, in my view, hatefilled.

silver66's picture

Very good article on the big picture

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