Non-Relational News Roundup

48
Sun, Apr 13, 2014 - 5:07am

Over a year ago, Argentus Maximus started a thread entitled ‘The setup for the big trade’. Besides wishing I had acted on his observations on PM prices, these passages stuck with me from his first weeks of writing:

“Now an interesting item for discussion right now is what fundamental news is being prepared to make the markets jump next week.

It may sound crazy, but I expect some or all of the following to tick a few boxes : invasion of a country, assassination or death of political leaders, corporate leadership resignation, rise of new parties, natural disaster events, mass public protest on the streets to demand political-social change, fall of a power. You know, the sort of random significant events the average person could never predict, and the markets will have to revalue prices violently when said information comes out ......... off the charts, ... soon to be on the charts!”

“Now if anybody thinks we are getting average daily news items this week, I will not try to differ with them, as this is an admittedly subjective side to what I do, but just allow the rest of this week bring us whatever it will.”

It seems his observations hold just as true now, if not more so. To be honest, I am having trouble keeping all of the global, regional and nation-level geopolitical developments all in frame as a single interconnected whole – there are simply too many simultaneous events. It certainly feels like the time remaining on the clock is rapidly running out for at least one of the players, and the little buttons on top are getting whacked at an ever more furious pace.

Speed Chess Game

So below is a little collection of (un)connected news items from the last few weeks. Along with the ongoing/escalating situation in Ukraine, the soon-to-emerge results of the Indian elections, the recent reelection of a decidedly anti-IMF, cool-towards-EU government in Hungary, the first frenzied, now sidelined MH370 story, there is certainly a lot going on out there. A lot of expensive lead crystal balls in the air at the moment.

March 19, 2014

Kyrgyzstan's leader accepts government's resignation

"The prime minister holds extensive executive powers in Kyrgyzstan, a mountainous country that neighbors China and lies on a drug trafficking route out of Afghanistan."

Funny that Reuters would choose THESE specific national characteristics to highlight the essence of the country. One also wonders who selected the successor cabinet and head of government.

April 2, 2014

Kazakhstan prime minister Akhmetov resigns

“His successor will face a major task of preparing Kazakhstan's integration into the Eurasian Economic Union which will unite Russia, Kazakhstan and Belarus. The union, to be formed by 2015, is widely seen as a regional counterbalance to the European Union.

Kazakhstan is the second-largest post-Soviet oil producer after Russia.” <-- 'Nuff said

Dreams dashed... or simply a ride into the sunset with a saddlebag so large and heavy that requires a robotic steed to carry all that weight?

Bloomberg, April 11, 2014

"The existence of a probe surrounding JPMorgan’s role in the energy market has been known since August, when it was reported by several news organizations, including Bloomberg News, and subsequently disclosed by the New York-based bank. What wasn’t known was prosecutors’ interest in Masters. "

But perhaps Ruprecht will still join her in (a now slightly destabilized) Caracas to wade knee-deep as she considers her career options.

https://www.youtube.com/user/TFMetals/videos

I don't want to get Turd in trouble, but could he have made the ultimate sacrifice on behalf of PM advocates worldwide in a bid to single-handedly free the markets from manipulation?

(h/t to Pining, of course, for this skillful bit of photojournalism)

“She informed “us of her intention to leave the firm, take some well-deserved time off and consider future opportunities,” Chief Executive Officer Jamie Dimon and investment-banking head Daniel Pinto said in a memo on April 2.”

One half of the dynamic duo managing the largest ponzi coupon... err... I mean bond funds has left the building, leaving a visibly irate (to say the least) Mr. Gross.

Bloomberg, April 11, 2014

"In an internal memo to employees in January, El-Erian said he was looking forward to something different and had no plans as of then. He plans to write a book about the rise and fall of central banks, a person familiar with the matter said on March 31. "

In a single-story dwelling, with no hot tubs or nailguns, I hope.

April 8, 2014

Apparently a nasty (?) computer/connectivitybug is going around, and someone seems to want to make sure to raise concerns over the security of financial institutions specifically, and all internet users in general:

Heartbeat Heartbleed Bug Breaks Worldwide Internet Security Again

U.S. Regulators Warn Banks About Heartbleed Bug

NSA Abused Heartbleed Bug For Years, Left Consumers Exposed To Attack (ZH)

Government Denies It Knew About, Abused Heartbleed Bug (ZH)

Kathleen Sibelius is apparently leaving... perhaps to also reflect, and consider future career options. Perhaps write a book on the rise and fall of central planning...

...to be replaced by Sylvia Mathews Burwell, current director of the Office of Management and Budget. Sylvia gave the order to shut down the federal government in a budget dispute with republicans in October. She seems like a charming and competent administrator, I'm sure she'll make everything all better.

Apparently, jail is only for 'little people':

Italian Court Weighs Community Service for Berlusconi

"Mr. Berlusconi, 77, had originally been sentenced to four years in prison, but that was reduced to one year under a law aimed at controlling prison overcrowding. Because of his age, he is unlikely to face any time behind bars. Instead, the court may choose to place him under house arrest or allow him to do community service, as his legal team has requested."

And the rich keep getting richer...

Strauss-Kahn Seeks to Start $2 Billion Hedge Fund

Just because one is framed for something does not necessarily mean they are not guilty...

I am pretty sure this gentleman has learned some valuable lessons on the value of allegiances and the cost of enemies over the last few years. There is also a high likelyhood that his fortune was amassed with the tacit toleration (if not blessing) of the larger, more powerful benefactors who supported Yanukovych's regime.

This guy certainly appears a little less confident than he was just 6 months ago…

The example set by Khodorkovsky and other fallen oligarchs further to the east did not go unnoticed, surely. The idea seems tempting that the jailed Russian tycoon was set free in part to deliver an ultimatum to his expatriate and satellite-country colleagues. The newly freed, significantly less rich (but still breathing) ex-oligarch certainly settled in a central location that many people of many different backgrounds visit:

Mikhail Khodorkovsky granted residency in Switzerland

One would think that with Berezovsky and Litvinenko serving as examples, oligarchs would wise up, and not do things like "lambasting Moscow's interference in Ukraine." Or if they do, one might wonder if it's not at the behest of the stage manager with a passion for hunting and gold bars.

I mean for crying out loud, even Dave is leaving?

Stephen Colbert says he has 'huge shoes to fill' replacing Letterman

About the Author

  48 Comments

Marchas454 oz
Apr 13, 2014 - 9:07am

@4oz

Well, we're still here Charlie!

Does seem to be lots of noise, doesn't there?
Still have my fingers crossed we'll all be buzzing about a big Sprott Silver buy one day here pretty soon.....

We sure are Good Buddy and still Stacking with a Positive Attitude. Keep Stacking Everything Even Faith and Hope. Lol

SilverSurfers
Apr 13, 2014 - 9:33am

Global Confluence

I am having trouble keeping all of the global, regional and nation-level geopolitical developments all in frame as a single interconnected whole

====

Physicists strive to discovery the unified field theory. Some have, in Domestic and International movements, and once you "get it", its all pretty predicable over the long run. Surely there are highs and lows, and superimposed noise and impulses, that distort the irrepressible trends, but if you can filter information flow through the steady microscope, it all become fairly clear.

USSA Leftist Political Pandering, until implosion, the negative feedback, which is part of the global confluence of the interconnected core, and the rouges GAP insurgencies.

AlienEyes
Apr 13, 2014 - 9:33am

Good Post, JY

There is also the BLM (Bureau of Loony Morons) brown shirts showing their collective arse in Dirty Harry Reid land.

There's also the hit made on a banker in a European parking garage. (No comment from the banker since calls went unanswered.)

And then there is Obummer's overt attempt to get Bozo Biden whacked by sending him to the Ukraine shooting gallery. Word is, Biden was packing a nail gun for self defense.

Apr 13, 2014 - 10:02am

@Marchas45, JY

Marchas45- Really enjoyed your most recent video, you make me smile every time! Thanks for sharing those here, and congrats on your hat! You were already a true Turdite, but the hat looked great anyway.

JY- Another great post, and it is REALLY interesting how we are seeing such upheaval in terms of people, and in so many different areas/locations/professions associated with the great game in one way or another. The run of banker suicides/suicided suggests, at the very least, that astounding pressure and force is being required to keep things turning and keep the simulation wheezing along. When people start to crack, it seems to me that the machinery cannot be far behind, but we'll see.

The Emperor would disagree with me, however. She would probably argue that this will be central planning's finest hour.

Patrancus
Apr 13, 2014 - 10:04am

Not a smidgen

of news coverage on Sunday shows of the BLM's failed roust and attempts at intimidation of American citizens in the Nevada desert, only more phony blather about O Baa Ma care.

Apr 13, 2014 - 10:44am

JY -Fantastic Post

What a treat on this fine morning, thank you. I particularly enjoy you weighing in on the Eastern Europe / Asian angle, too.

One thing I have always believed is that with the shift of economic power from west to east, there would come a day of reckoning for vice. Drugs, prostitution, gambling, all of these are indelibly human nature, and have to be satiated, not ignored. Temperance is foolishly regarded as the solution, when ignorance, such as is manifest by the legions of low information voters, will always render temperance a failed policy. So, is it legalization, or some form of state-sponsored administration, or acquiescence, which will be the solution? Perhaps the eastern powers will attempt enforcement on the demand side of the curve, rather than the supply side of the curve with its failed war on drugs policy that only enriches the military industrial complex and elevates the power of the state?

No matter, though, because the human condition will always result in the irresistible lure of intoxicants, especially as economic conditions and misery increase the suffering of the masses.

So this leads to some thoughts. There has to be a shift of drug smuggling operations and accounting/money laundering as well.

Opiates and synthetics like methamphetamine have worldwide demand, worth billions of dollars in today's currency prices. The logistical operations, whether production or distribution, and the accounting operations have to be managed, no doubt, and I wonder how that transfer of power from west to east is being accomplished.

Some thoughts I have include: who takes over for the actual distribution when the US military is no longer doing the delivery or providing security for operations or accounting? What role will the west play in the new realigned economic power structure relative to the drug trade?

Perhaps this is the subject of high level negotiations, over which the eastern powers will reach agreement with the west, that will lead to the conclusion of the power shift and therefore not lead to a massive war?

Clearly, economic power centers around energy and the petrol dollar, which concept is ending in real time. But, governments must still control their people, and unless the lower socio-economic classes are satiated with their bread, circuses and intoxicants, no government is safe from rebellion. So, what is going to be done by those in charge about this unspoken issue?

As always, keep those great posts coming! Thanks again!

Apr 13, 2014 - 10:48am

@Pining

Nice artwork, well done!

On a side note, the City of San Bernardino has created a charter reform committee, formed expressly to analyze and reform the City's charter.

I submitted my Private Economic Zones paper to one of the members of the committee, and had some interesting discussions. Let's see what happens.

Even if nothing comes of it, at least I tried.

waxybilldupp
Apr 13, 2014 - 11:01am

Here's today's ray of hope ...

Well, it was Friday's ray of hope, but I've been busy.

I work at a large Fly-over-land high school. Midday Friday, I stopped in at one of the offices to make some copies. Two young ladies were standing at the counter. Both were juniors, so about 16-17 YO. One was fiddling around with some coins in a bowl, placed there to collect money for "Pennies for Patients".

Coin girl says to her friend, while holding up a penny, "Look at this. It's made of copper and it's worth one penny." She then picks up a dime and says, "Now, look at this. It's worth 10 of these (showing the penny), but it's smaller and I don't even know what it's made of. At least copper is useful." Now she picks up a quarter. She says to friend, "And this is a quarter, worth 25 of these (the penny again). At least it's bigger, but is it actually more valuable than 25 pennies? I don't think so."

At this point, I felt compelled to get involved. I said, "Actually, you're right. The copper in the penny is worth about 2 cents. The metal in the dime might be worth about 2 cents also. The quarter, maybe a nickel. They are only worth what the government says they're worth."

Coin girl turns and smiles. She says to friend, "See, they're only worth what the government says they're worth. What about a dollar? It's only a piece of paper. Why is one worth a dollar and another worth 20 or a 100. It's just paper."

I couldn't help myself. I said, "Actually, the Constitution says that money must be gold or silver. The system has been corrupted."

Coin girl starts towards the door with friend in tow. She turns and says, "I knew silence is golden. Now, money is golden. I like that."

This student made me proud. I'm not sure where she got her notions about money. I doubt she learned it in her economics class, but I hope she did. She will probably be a stacker some day.

Absolutely true story.

wax off

Apr 13, 2014 - 11:02am

Well done CL!!!

You are a shining example to all the rest of us computer jockeys to get out there in the real world and start swinging for free markets. Please keep us informed, and see if you can get feedback from your contact regarding the discussion your concept provokes- even if it doesn't make it this time, this could be a valuable test to home arguments and packaging/presentation for future tries. Much respect, mon!!!

murphy
Apr 13, 2014 - 11:19am

Somewhat off topic

Hi all. Working for fiat blows. This was forwarded to me from my son the educator. More misdirection and obfuscation from the NY Dept of Ed.

New York Principal Explains Why the State Tests Were Terrible

“And what exactly are we measuring? 2013 ELA test questions released on Engage NY show that students who used valid inferences in their written responses supported by paraphrased details from a passage did not receive full credit despite being correct and demonstrating a thorough understanding of the text. This is because the Common Core requires students to use a strategy called “close reading,” a strategy that requires them to support their answers using only “text-based details.” What this means is that a student who engages in higher-level thinking skills (such as inference) and who is able to explain a text in his or her own words will not score as a well as a students who simply copy text details verbatim into their response. If high-stakes testing encourages teaching to the test, could we actually be encouraging a dumbed-down, formulaic method of responding to a text? Without access to these tests, we may never know.”

https://dianeravitch.net/2014/04/10/shhhh-new-yorks-most-closely-guarded...

What, the NYD of Ed aiding and abetting the dumbing down of the children? Shocked I tell you.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Forum Discussion

by NW VIEW, 1 hour 21 min ago
by Green Lantern, 2 hours 16 min ago
by silver66, 2 hours 48 min ago
by Green Lantern, 4 hours 34 min ago
by NW VIEW, 4 hours 42 min ago
randomness