What's More Terrifying?

Shark attack?  

http://www.huffingtonpost.com/2014/07/07/shark-attack-video-california_n_5562395.html 

Roller coaster derailment?
 http://www.latimes.com/local/lanow/la-me-ln-probe-six-flags-roller-coaster-derailment-20140709-story.html 

Illegal alien invasion? http://www.breitbart.com/Breitbart-California/2014/07/09/New-Request-for-Military-Bases-to-House-Increased-Numbers-of-Illegal-Alien-Youth 

US dollar loses hegemony? http://en.wikipedia.org/wiki/Fiat_money and this: http://www.globalresearch.ca/dollar-hegemony-and-monetary-geopolitics-the-symbiosis-between-global-finance-and-power-politics-2/5362357

[No, I did not post a picture of Hillary in shorts, as I refuse to let this get political . . . ]

The long article says this:  “For this reason, “America’s dominant position as the sole superpower ultimately rests upon two pillars: its overwhelming military superiority and its control of the global economic system by the unique role of the dollar as the World Reserve Currency” (Clark, 2005). According to this reasoning,

“it might be considered an elemental interest of the United States to maintain the system which also includes intense diplomatic and limited military operations in order to preserve its abundant financing for as long as possible. After all, there seems to be a strong interdependence among nations. The US is dependent on cheap financing from abroad and is even willing to apply some military power to protect these interests” (Schulz, 2009).

Moreover, it cannot be denied that “the dollar’s leading role in foreign exchange transactions also is reinforced by this currency’s widespread use in the invoicing of international trade” (Goldberg, 2011). That is especially true about oil markets, given that “since oil trade was and still is noted, as well as traded in US Dollars, every nation has to purchase huge amounts of this currency for its national reserves in order to maintain its ability to purchase the required energy” (Schulz, 2009). Consequently, monetary dependence of others on the issuing country confers the latter significant geopolitical power(Cohen, 2003).

The unavoidable reasoning that arises is that “a full challenge to the domination of the US dollar as the world central-bank reserve currency entails a de facto declaration of war [on American power]” and, as a result, the United States is willing to fight wars to defend its national currency (Engdahl, 2006) because “an end to the dollar’s reserve currency status would impose material constraints on the United States to finance its deficits, and lead to a major loss of prestige and power projection capabilities” (Drezner, 2010). A possibility is that “widespread oil pricing in alternative currencies or perhaps the bartering of oil would then threaten U.S. hegemony by crimping the relative global demand for dollars” (Roby, 2010).  Nevertheless, perpetual hierarchic supremacy of the dollar cannot be taken for granted:

“Sooner or later, confidence in the dollar is bound to be undermined by America’s chronic payments deficits, which add persistently to the country’s looming foreign debt […] The exorbitant privilege obviously cannot endure forever; America’s spending cannot indefinitely exceed its income. In the absence of significant policy reforms to reverse the deficits, the world’s trust in the dollar is bound […] to be eroded. Dollar accumulations will eventually dry up and could even turn into massive sales” (Cohen, 2008).”

Think!!!

Which of the above fears is NOT in the news?  Why not?

Perception is being managed.  Events occur, but WHAT gets reported and the frequency are what drive perception.

Collapse of western fiat system in general, and dollar in particular is NOT reported at all.  Hence, there is no perception of anything amiss, apart from informed fringe, tin-foil wearing cultists, like ourselves.

Preparing accordingly means far more than accumulating stacks of shiny coins.  One must MENTALLY prepare as well.  THINK and draw conclusions!  Do NOT be manipulated by headlines.

And on that note, let’s examine the perception management of the recent illegal alien stories popping up on the news here in lovely California.

Seemingly, out of nowhere, the headlines scream about children crossing the border en masse, protests, diseases, out of control border crossings overwhelmed by an invasion of brown-skinned people and mostly children.  

Do NOT let emotion into the equation.  Ask several questions, all up front, at once, and do not draw ANY conclusions until one has answers to each one of these questions:

(1) By WHOM is the information being presented?  

Drill down, do not accept anything at face value.  Look and see if the source information is credible.  Look and see if it is the same story, shared on many outlets.  Is the story factual, or does it paint a narrow picture not taking into account details from all angles and from all sides?

(2) WHY is this information being presented at this time, in this fashion?

(3) For WHOSE BENEFIT does the presentation of information advance? [Cui Bono?]

It is intellectually dishonest to reach conclusions without knowing, actually knowing, the answers to each of the above questions.

In many circumstances, it is not known for whose benefit the information is being presented.  One must then make a reasoned inference to draw that conclusion, and that is where alternative conclusions can and must be drawn.  This is intellectually a difficult challenge, as it requires RIGOROUS, disciplined, logical thinking.  In today’s world of 30 second sound bites, the powers that be COUNT ON the masses being unable to apply disciplined thinking to any problem.  Look at the fiat currency issue and understand that less than a handful of Americans truly understand this concept of fiat dollars created out of thin air having ZERO value except because they are forced on us as legal tender and are nothing but a confidence game!

The summer is heating up.  Mr. TF has given us this amazing gift of collaboration and sharing of points of views, here, on this forum, and we should all be respectful when sharing our thoughts.  No personal attacks, please, and let us all advance the discussion by weighing substantively.  Thank you and have fun with this one! 

61 Comments

metalsbyamile's picture

Why not

take first.

Swineflogger's picture

@California Law

Not to diminish any of the important points you challenged us with, the mental image of Hillary in shorts caused me to vomit in my mouth.  Just saying  .  .  .

stackaloha's picture

Thurd

CL, I have too much to say about this. I just backspaced much of what I would say out. This criminal immigration has been allowed from both sides of the isle for decades now.  It's the same old "divide and conquer" bullshit. If one speaks out against this obvious evil than one is called racist or heartless or some other such such nonsense.

I say we teleport all 3rd worlders to good old USSA and just get it over with already. Then we can move to wherever those people left from, and make it better. Well, until TPTB move them back to take it down.  (huge sarcasm)

buzlightening's picture

Derailments galore. Watch for news out of the Saudi's

As forecast: black swan landing.

Some are saying that the whole 'Islamic Caliphate' is the Black Swan of all Black Swans. I agree it is all looking very 'fowl' there, but we would have to see the disruption of the House of Saud before being able to declare this as an 'official' BIG ASS BLACK SWAN. (7/9/2014)   http://www.halfpasthuman.com/

As Willie has stated the sauds are the tipping point for USDinker dollar abandonment and coming financial chaos.  Ready or not?

dannyhaha's picture

Shark attack

re video:

Wonder who (or what) are the dirtbags who are laughing at the attack.

Yeah, that's a great reaction seeing someone being bitten by a shark -giggle and hoot.

Don't want those idiots around in an emergency...

DollarMenu2's picture

Coaster crash...

FWIW, the coaster crash elicited the sharpest scare for me.  The shark thing has been done a lot, and the immigration thing has so many thought strings attached to it, the fear factor diminishes as I try to untangle it.

As to the dollar and the economic collapse, well, this has been going on all my life - no fear there.

Thanks CL, still a good read always from you.

ancientmoney's picture

Was this news terrifying to JPM?

Back in 2008 Mitsui announced it had found a way to use silver in diesel engine catalytic converters, instead of costly platinum.  That was a big deal, given the difference in those metals prices.

So, why not a peep from anyone, anywhere since?  I can't find ANYTHING more about this . . . did someone (big kahuna bankster, for example) put the kibosh on this process?

http://www.mineweb.com/mineweb/content/en/mineweb-silver-news?oid=51671&sn=Detail

http://www.reuters.com/article/2008/04/23/japan-mitsuimining-metals-idUST26231020080423

I would think the Chinese, who need to find a solution to their smog/air quality problem, must know of this Mitsui process:

http://www.silverbearcafe.com/private/07.14/palladium.html

metalsbyamile's picture

Advancing the discussion

I took this from Craigs post today, BREAKOUT.

I had a listen, so much more than the printed.One extremely salient point Hugo Salinas brings to light, there are no more "ELITES"....then he corrects himself,stating, okay , yes , there is one he knows of PUTIN .

In all my travels through information this point has never been brought out or why. Salinas Price puts it all together.The END of civilization as we know it.Why the "ELITES" lost control.

Well worth your time. Thanks Craig, i think this tends to advance your article even further C. L.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/10_Billionaire_Hugo_Salinas_Price_-_Elites_Plan_to_Control_the_World.html

Give it a read and you should definitely be on the lookout for when Erik finally gets around to releasing the audio, sometime next month...

DeaconBenjamin's picture

Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures Jeopardy

HOUSTON -- A sure-enough short squeeze might be developing in the volatile silver market. We attempt to identify who, or rather which class of futures trader, might be squeezed in this brief offering.

The inspiration for this article is actually misinformation found elsewhere. We have seen and read commentary on the Web from various analysts and market watchers that have attributed, or rather misattributed, the very large increase in large commercial net short positioning (LCNS) for silver futures to members of the Producer/Merchants – which would be to the “silver trade” itself.

Recall that the Producer/Merchants primarily use futures to hedge a natural long position by those who hold or manage significant amounts of gold or silver inventory – either for themselves or for others. It also includes the bullion-trading banks many of those Producers, Merchants, Processors, Producers and Users end up trading through.

Looking at the Legacy COT graph for the combined commercial traders, we see a quite large increase in the amount of net short positioning, but what we cannot see in the old style report is which class of commercial trader is more responsible for the big addition of net short interest. Here’s the Legacy COT tracking graph for silver futures for reference. The reason we share it here is it forms the basis for much of the misinformation out there on the Web.

6a0120a6002285970c01a3fd2ec657970b-500wi

Graph: Legacy Silver LCNS (Large Commercial Net Short Positioning). July 1 data shows 51,955 contracts net short by the commercial traders. COT data from CFTC, silver prices from Cash Market.

Legacy COT data for combined commercial traders - COMEX silver futures.

6a0120a6002285970c01a73de9cd70970d-500wi

While here, what is the data and chart telling us? From June 3 to July 1 silver advanced $2.22 or 11.8% (from $18.79 to $21.01). For that same period the combined commercial traders – as reported in the Legacy COT report -- added a pretty darn large 42,315 contracts to their collective net short positioning (from 9,640 June 3 to 51,955 contracts net short July 1 – the equivalent of about 211.6 million ounces of silver bullion apparently sold into and presumably attempting to put the brakes on the silver rally).

http://silverseek.com/article/swap-dealers-%E2%80%98goal-line-stand%E2%80%99-comex-silver-futures-jeopardy-squeeze-very-possible-now-13356

Bollocks's picture

...to protect the public from "criminals and terrorists"

Emergency phone and internet data laws to be passed

David Cameron: "The public should be worried if we didn't act"

Emergency powers to ensure police and security services can continue to access phone and internet records are being rushed through Parliament.

Prime Minister David Cameron has secured the backing of all three main parties for the highly unusual move.

He said urgent action was needed to protect the public from "criminals and terrorists" after the European Court of Justice struck down existing powers.

But civil liberties campaigners have warned it will invade people's privacy.

Mr Cameron defended the move in a joint news conference with Deputy Prime Minister Nick Clegg, saying it was about maintaining existing capabilities - not introducing new snooping laws.

But it will make legally clear the requirements include companies based abroad, whose phone and internet services are used in the UK. A former senior diplomat will also be appointed to work with other nations to speed up the "lawful and justified" transfer of data across borders.

Mr Cameron also said he had reached an agreement with Labour leader Ed Miliband for a wider review of the surveillance powers needed by the security services, to report after the next election.

http://www.bbc.co.uk/news/uk-politics-28237111

-----

MR CAMERON: you, your government, and the banks who own you are the criminals and terrorists!

 

Bollocks's picture

Indeed CaL

"In today’s world of 30 second sound bites, the powers that be COUNT ON the masses being unable to apply disciplined thinking to any problem"

And by keeping the majority in debt they ensure that the majority are too busy making ends meet to even have the time to begin the process of critical thinking.

 

metalsbyamile's picture

30 seconds can end your life. Breaking News

Google (GOOG) exec died on yacht due to heroin injection given by prostitute

SANTA CRUZ, Calif. _ A Silicon Valley success story turned sordid this week with the arrest of an upscale prostitute who allegedly left a Google (NASDAQ:GOOG, Stock Forum) executive dying on his yacht after shooting him up with a deadly hit of heroin.

Forrest Hayes, 51, was found dead by the captain of his 50-foot yacht Escape last November. At the time, a simple obituary described him as a beloved husband and father of five who enjoyed spending time with his family and on his boat.

On Wednesday, that got a lot more complicated as Alix Tichelman, 26, of Folsom, stood handcuffed and mumbling in red jail scrubs facing manslaughter charges for her role in Hayes' death, as well as drug and prostitution charges. She is being held on $1.5 million bail.

Surveillance footage from the yacht shows everything, police said, from when she came aboard until after Hayes collapsed. That's when Tichelman picked up her clothes, the heroin and needles, casually stepping over Hayes as he lay dying. She swallowed the last of a glass of wine, lowered a blind and walked back on the dock to shore, police said.

Santa Cruz Deputy Police Chief Steve Clark told The Associated Press on Wednesday that Hayes had hired Tichelman before, and that their Nov. 23 encounter ``was a mutually consensual encounter including the introduction of the heroin.''

Clark said it appears this might not have been the first time she left someone in trouble without calling 911 or trying to help. Without elaborating, he said his agency is co-operating with police in a different state on a similar case.

``There's a pattern of behaviour here where she doesn't seek help when someone is in trouble,'' he said.

News vans gathered outside Hayes hilltop estate overlooking the glittering Monterey Bay on Tuesday. The five-bedroom home is on the market for $4.2 million. The yacht has been sailed out of the harbour to the Bay Area. Hayes' widow has not spoken publicly and a blog created in his memory was deleted Tuesday. On the website, friends and co-workers were seemingly unaware of how he died. They fondly described their time together, Christmas parties on his boat, engineering teams at Sun Microsystems, travelling to China for Apple and most recently at Google, where they said he was involved in the Glass eyewear projects.

``He had life wired, he really liked his job, was spending a lot more time with his family, cruising around in his boat. I am really grateful that Forrest's last moments were happy ones,'' wrote a friend in December.

Clark said it's not clear if Hayes was a frequent drug user, and that in the video, it appears he needed Tichelman to help him shoot up. Clark described Tichelman as a high-end prostitute, who lived three hours away and charged $1,000.

He said she had other clients from Silicon Valley, home to about 50 billionaires and tens of thousands of millionaires, where the case was making waves Wednesday.

``There's no question that Silicon Valley feels different than it felt 28 years ago when I moved here,'' said Russell Hancock, president of Joint Venture Silicon Valley, an organization focused on the local economy and quality of life. ``Something has happened. We used to be a Valley full of techies living middle class lives, and now we're a Valley of the uber-rich carrying toy poodles around with them.''

Tichelman's father has ties to the tech industry. Folsom software firm SynapSense announced hiring her father, Bart Tichelman in 2012. Neither the firm nor her father responded to immediate requests for comment.

Santa Cruz Superior Court Judge Timothy Volkmann approved a request Wednesday from Tichelman's court appointed attorney, Diana August, to continue the arraignment until July 16. August did not immediately return a call seeking comment. Assistant District Attorney Rafael Vazquez said authorities are still investigating and may file more serious charges.

Tichelman was arrested on July 4 after police said a detective lured her back to the Santa Cruz area by posing as a potential client at an upscale resort. Clark said they didn't just arrest her because they didn't know exactly where she lived, and they were concerned she would flee.

Police said Tichelman boasted she had more than 200 clients and met them through the website, SeekingArrangement.com, which purports to connect wealthy men and women with attractive companions. Her clients included other Silicon Valley executives, Clark said.

Santa Clara University Finance professor Robert Hendershott said financial windfalls like those seen in the Silicon Valley often bring problems as people have trouble managing their newfound wealth. But he said there's no obvious hedonistic culture in the Silicon Valley.

``There's no Great Gatsby type of parties famous in the Silicon Valley,'' he said.

___

Associated Press reporters Michael Liedtke and Terry Collins in San Francisco and researcher Jennifer Farrar in New York contributed to this story.

Bollocks's picture

Oh those Algerian butchers

The BBC have been publishing many "terrorist" news items in the last few weeks, and I've noticed live-broadcast reporters have been using the word terrorist a bit too often. Something's brewing, methinks.

------------

Eiffel Tower and Louvre terror plot foiled

The French intelligence services say they have uncovered a plot by jihadists to blow up the Eiffel Tower, the Louvre and even a nuclear plant in France last summer.

Details of the plan were hidden in encrypted messages between an Algerian butcher living in south-east France and a high ranking officer from Al Qaeda.

This comes before the French government set out the parameters of new surveillance legislation giving them powers to monitor jihadist websites.

90sec news report: http://www.bbc.co.uk/news/uk-28241855

Grublux's picture

Miners are rolling over...

This could be something

metalsbyamile's picture

Re Miners are rolling over...

That may be terrifying for some but not for others

Grublux's picture

very true

a big reversal candle is not pretty.  If they lead the metals this can be the much awaited pullbacksmiley

murphy's picture

@ CL

Only slightly off topic.

     For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
Not fair to make judgment of this,
   Until you see what the Fire Chief says!!!!

In South Los Angeles , a 4-plex home was destroyed by a fire

CITfire01P050413-600x417.jpg

A Mexican family of six, all welfare recipients and gang members, lived on the first floor. They died.

An Islamic group of seven welfare cheats, all illegally in the country from Kenya , lived on the second

floor.  They, too, all perished.

Six LA, Hispanic, gang bangers & ex-cons lived on the 3rd floor. They, too, died.

A white couple lived on the top floor.

This couple survived the fire.

Jesse Jackson, John Burris and Al Sharpton were furious!! They flew into LA and met with the fire chief.

On camera, they loudly demanded to know why blacks, Muslims and Hispanics all died in the fire and why

only the white couple lived?

The Fire  Chief said, "They were at work."

Politically incorrect Murph Dog. 

Grublux's picture

Gaza

treefrog's picture

caledonia!

funky old caledonia mining, (with a gold mine in zimbabwe, no less!)  is the star today!

calvf (bb) up 8.25%

cal (toronto) up 13.59%

cmcl (london) up 2.78%

ag1969's picture

This is interesting...

With the number of BIDs in American now increased from a small handful in the 1970s-80s we now have over 1000-1200 BIDs in the United States alone operating in cities throughout the United States without the approval of the people. The corporations are using this program to arm themselves against the people. This represents a large civilian army whose numbers are growing with no end in sight; this should concern all Americans who care about freedom, liberty and the Constitution. These private (PRO-Corporation) illegal "security" personnel are posing as officers and police and are spreading in the United States, and that is a direct threat to the people who have no say in who these people are and why they are roaming around in our streets.

We are now approaching a time when these private security gangs or pseudo-police are looking to intimidate and bully Americans (which is exactly what I witnessed on the streets of Hollywood) who are walking the streets enforcing their own private set of rules, independent of the basic laws of the local government. Their private rules are based on whether you the pedestrian are interfering with the "improvement" or the "enhancement" or even the "marketing" of the general area where the private business cabal who formed the Business Improvement District (BID) to begin with, is conducting their business.

http://www.activistpost.com/2014/07/why-are-armed-international-security.html

Wizard's picture

Another Interesting Development

82 Shot, Chicago Considered War Zone, Military Deployed

With their failing strategies to protect the public, city officials will now go in a different direction and call upon the services of the National Guard.

The U.S. military will act as a liaison for the Chicago Police Department and will not be given free reign to enforce the law, at least at this moment.

http://www.thenewsnerd.com/local/82-shot-chicago-considered-war-zone-military-deployed/

treefrog's picture

turn about

Animated phishing fish catch fisherman with lure of their own

SamSchlepps's picture

King World recycling too....

I think the Salinas interview is last years news - maybe apropos, but I remember reading it previously

from king ... In August of last year multi-billionaire Hugo Salinas Price told King World News in stunning fashion what he believes to be the frightening plan to control the world going forward. ...

Green Lantern's picture

If we were ONLY facing a

If we were ONLY facing a garden variety currency collapse, I'd feel prepared.   However, highway check points, kicking in doors, restricted air travel and all sorts of other frivolity of a desperate government is the stuff of nightmares.  

And here is a good example that Farrell and Catherine Austin Fitts point out.  The possibility that the banker deaths are connected to a new mortgage crisis being covered up by throwing bankers out of windows.  That's just pure, unadulterated evil.  Not only shredding paper, but shredding people.

We could bear the effect of a financial crisis but this other stuff is absolutely NUTS. 

NEWS AND VIEWS FROM THE NEFARIUM JULY 11 2014

Posted on July 10, 2014 by Joseph P. Farrell • Filed Under: Fireside Chats • 5 Comments

Joseph talks about the strange indications of something very wrong with the recent “suicide/murder” of JP Morgan banker Julian Knott and his wife Alita, and about Germany’s ratcheting up of diplomatic tension over American spying on that country (who can blame them?), using the strongest language from that country to another western power since before the Second World War:

JP Morgan bank executive from London shot his wife dead before killing himself in the US

JPMorgan Employee Shot And Killed His Wife Before Taking His Own Life

Retaliation for Spying: Germany Asks CIA Official to Leave Country

ag1969's picture

Hey Wizard, the picture in your Chicago link...

...is the same picture used at infowars for the Boston bombing

http://www.infowars.com/battlefield-usa-de-facto-state-of-martial-law-declared-in-boston-pics-from-the-war-zone/

This one:

My buddy at another blog picked up on this.

Wizard's picture

@ ag1969

Wonder if they used that as a stock photo for the article . Or something more dastardly in the works for Chicago. Good Catch on the photo.

Rahms Favorite thing is to "Never Let A Crisis Go To Waste"

W

DayStar's picture

Harvey's Up

Harvey's Up!  http://www.tfmetalsreport.com/comment/417489#comment-417489

  • Mark O'Byrne: Silver is outperforming again today. It is up 2% to its highest since mid-March at $21.54/oz. It's currently on track for a sixth consecutive week of gains, a feat it hasn't pulled off since early 2011, according to Reuters. Gold surged above strong resistance at $1,334/oz this morning and is looking better and better from a technical perspective. There was strong chart resistance at $1,334/oz as this was the 61.8% retracement of the March to June retreat. Traders bought gold once we breached that level and there was an acceleration in gold’s move higher. Gold has now broken convincingly above the key 50, 100 and 200 day moving averages. Gold futures trading volume this morning in London was 62% above the average for the past 100 days, data compiled by Bloomberg show. Gold climbed to the highest in more than three months as Middle East tension led to renewed safe haven demand and after the dollar weakened following the U.S. Federal Reserve minutes.
  • Harvey: Gold held steady throughout the night at around the $1327.00 level and then at around 6 am, gold spurted to $1344.00 and silver from a base of $21.12 rose to $21.54. At that point, the bankers used their paper muscle and supplied massive amounts of shorted paper to drive gold down. Gold finished at $1338.50 and silver at $21.46. The bankers were not done yet. They shorted our gold and silver equity shares to smithereens as the cartel did not want to see a breakout there. The bankers do not need to borrow any shares as JPMorgan is the owner of the clearing house in the DTCC clearing house. The huge fall in the gold/silver equity shares foreshadows a big raid orchestrated on our two precious metals for tomorrow. Let us see if China and Russia are waiting in the wings to pick up cheap gold and silver tomorrow.
  • Harvey on current events affecting the economy: Fighting intensifies in Israel as they fight the Hamas in the Gaza strip by sea and by land. Today Israel has called up 20,000 reservists and no doubt a ground attack will commence shortly. The Israelis are quite concerned that Hamas had acquired many long range missiles. Again today, Tel Aviv and Jerusalem received rocket fire but it was blown out of the sky with the iron shield. It looks like the second largest Portuguese bank in Portugal is in deep trouble as its bonds collapse due to a missed payment. Stock markets around the world fell on this news as fears of a contagion like Black Swan event may be upon us. In Japan machine orders fell by 19.7% month over month as their economy is shattering to many pieces.
  • CME Group Inc. and Thomson Reuters Corp are expected to be ‘crowned’ the new operators of the London silver fix this week, a person with knowledge of the matter told the Wall Street Journal overnight. An announcement is expected Thursday or Friday to mark the end of a nearly-two-month-long hunt for a replacement to the benchmark, despite an 11th-hour attempt to muscle in on the action by the London Metal Exchange and Autilla Inc., a brokerage technology provider. CME/Thomson Reuters will have about a month to get their electronic system ready before the existing fix—a daily chat among a small group of banks—is set for a final time Aug. 14. The fix, a venerable 117-year-old City of London institution, provides a benchmark for mining companies to settle sales contracts and, more recently, to price such derivatives as exchange-traded funds, totaling billions of dollars each year.
  • Gene Arensberg (GotGoldReport): A sure-enough short squeeze might be developing in the volatile silver market. We attempt to identify who, or rather which class of futures trader, might be squeezed in this brief offering. Various analysts and market watchers have misattributed the very large increase in large commercial net short positioning (LCNS) for silver futures to members of the Producer/Merchants – which would be to the “silver trade” itself. Recall that the Producer/Merchants primarily use futures to hedge a natural long position by those who hold or manage significant amounts of gold or silver inventory – either for themselves or for others. It also includes the bullion-trading banks many of those Producers, Merchants, Processors, and Users end up trading through. Looking at the Legacy COT graph for the combined commercial traders, we see a quite large increase in the amount of net short positioning, but what we cannot see in the old style report is which class of commercial trader is more responsible for the big addition of net short interest. As silver rose $2.22 the ounce from June 3 to July 1, the traders the CFTC classes as Swap Dealers reported going from 10,691 contracts NET LONG to a stunning 22,155 contracts NET SHORT – a giant and unprecedented swing of a whopping 32,846 contracts to the short side. The Swap Dealers are selling short in grotesque amounts in order to hold back the tide of a silver rally. What we may be looking at looks a lot like a desperate attempt to hold silver back, even though it is clearly being bought heavily by multiple parties.
  • Andrew Huszar: Andrew Huszar, formerly a managing director at Morgan Stanley and the man who set up the Fed’s trading room to run the quantitative easing program, now believes that the Federal Reserve has set a dangerous course for America and the world. In this surprising interview at King World News, he reveals the Fed’s deep involvement directly in markets and explains why he now includes gold in his own investment portfolio. “I think when you see the Fed go from having a balance sheet of $800 billion to $4 trillion in the span of five years, and pump over $4 trillion of cash into Wall Street, you’ve seen a lot of cash liquidity flowing throughout the world. I would argue that the markets have become addicted to the liquidity that the Fed is pumping out there. So when you pull back any punchbowl this big you are going to see substantial issues. We saw this first last summer when the Fed initially talked about a taper and we saw a $5 trillion global equity market selloff. In January, in anticipation of the second QE cut by the Fed, you saw more volatility in the emerging markets. I think what you are going to see in 2014 is the unintended consequences of this stimulus hit as the Fed tries to pull it back.
  • Zero Hedge: Early on in the European trading session, following a report in Diario that E.S. International is considering an insolvency request, Espirito Santo Financial Group, which holds 25% of Banco Espirito Santo, fell as much as 16.15% to EU1.09 and traded over 15% lower at EU1.10, at the same time as Banco Espirito Santo fell as much as 7.15% to EU0.571.This was aggravated by creditors concerns that anything was contained after yesterday's failed damage control attempt by the parent. Then things went from bad to worse after Espirito Santo Financial announced it has suspended trading in its shares and bonds due to its exposure to ESI, adding the decision was taken due to “ongoing material difficulties” at its largest shareholder Espirito Santo International, according to regulatory filing.

All this and more on...

The Harvey Report!  laugh

http://www.tfmetalsreport.com/comment/417489#comment-417489

DayStar

Green Lantern's picture

In case you are interested in

In case you are interested in dirty details of the financial crisis that never happened and is actively being covered up, here is an indepth interview with Catherine Austin Fitts. This was posted in the comment section of Farrells blog. The person also made this comment that I found interesting. This posted by one Robert Barricklow. I only post a part of his comment as it can be found direclty on the site. Suffice to say that if the alternative media is totally white washing this as nothing more than a bad luck streak by those who found a conscious, well Houston, we have a problem.

I had been wondering why on The Max Keiser Report that Stacy & Max were on the suicides as a matter of consciousness. Perhaps those with a conscious are being targeted by the DEEP State as week links. Perhaps the shredding of documents was the first step, followed by the people who had the most intimate knowledge[but were not "blooded-in", so-to-speak]. So now the mortgage fraud[which has a sell by date/statute of limitation] is covering it’s bloody tracks.

So It Goes's picture

Contest - you have nothing to lose

This mantle clock just sold on ebay:

http://www.popscreen.com/p/MTU1Mzk5OTA3/RARE-STUNNING-ART-DECO-KIENZLE-TABLE-CLOCK-HEINRICH-M%C3%96LLER-W-

eBay item number: 181005294412

The drag click to the picture is not working:  the above site does show the actual clock - it's the top picture - a light yellow band surrounds a light face and sits on a dark base.  There are also other links if you want to see what other designs are currently available and their asking prices.

IMO - this is THE finest example of modernist design.  The question is whether it is worth trading precious metal for at this time.

Anyway, here's the deal. Guess the selling price +/- $8 and I will send you an Unc ASE.  (Limit is to the first 10 correct guesses - if many people get it.)  One guess only - send me an email - I will close the contest in 48 hours from the time of this post.

Good luck - have fun.

So it goes.

Boswell's picture

re: The News Nerd...

Right up there with The Onion! ;-)

"ABOUT THE NEWS NERD

  • The stories posted on TheNewsNerd are for entertainment purposes only. The stories may mimic articles found in the headlines, but rest assured they are purely satirical."

(Sometimes comedy is truer than the truth)

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