IMF Prepares For ‘Threat To International Monetary System’

Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 [...] continue reading world news

Libya: Rebels Create New National Oil Company AND Form A Central Bank!

As you can see this war is certainly not about oil and financial control and the rebels are ‘real rebels’. This war has certainly nothing to do with the fact that Gaddafi wanted/threatened to nationalize the oil industry in Libya and to kick out foreign corporations. Mar. 29 (Bloomberg) — Libyan rebels in Benghazi said [...] continue reading world news

Tsunami of Inflation to Hit US with Japan Crisis

See also: - Dallas Federal Reserve Bank President Richard Fisher: US Approaching Insolvency - PIMCO Total Return, The World’s Largest Bond Fund, Dumps All US Government Debt Holdings The earthquake, tsunami, and nuclear disaster that hit Japan this past week and the destruction that it caused is nothing compared to the tsunami of inflation that [...] continue reading world news

Fears rise that Japan could sell off US debt

See also: - Dallas Federal Reserve Bank President Richard Fisher: US Approaching Insolvency - PIMCO Total Return, The World’s Largest Bond Fund, Dumps All US Government Debt Holdings (Washington Times) — Some lawmakers and market analysts are expressing rising concerns that a demand for capital by earthquake-ravaged Japan could lead it to sell off some [...] continue reading world news

Texas: Worst Drought in 44 Years Damaging Wheat Crop, Reducing Cattle Herds

Wheat futures in Chicago are up 50 percent in the past year, after drought in Russia and floods in Australia hurt output and sent global food prices surging. Photographer: Carla Gottgens/Bloomberg Mar. 24 (Bloomberg) — The worst Texas drought in 44 years is damaging the state’s wheat crop and forcing ranchers to reduce cattle herds, [...] continue reading world news

Will JP Morgan Now Make and Take ‘Delivery’ of Its Own Silver Shorts?

There is nothing inherently wrong and certainly nothing “illegal” about J.P. Morgan Chase gaining a vault license for storing and taking delivery of gold/silver/platinum/palladium from the futures markets known as NYMEX/COMEX. However, the speed, timing and manner in which the exchanges just granted it troubles us. The process of being approved as a licensed vault [...] continue reading world news

Dallas Federal Reserve Bank President Richard Fisher: US Approaching Insolvency

The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in [...] continue reading world news

Dylan Ratigan Show With Alan Grayson: The Great Con Job By The Fed, The Government And The Banksters (Flashback)

(Dylan Ratigan Show from April 07, 2010) Added: 20.03.2011 continue reading world news

US Inflation On Track To Hit 8.3 Percent In 2011

Chasing all the fluttering glow in the dark swans over the past month has put some of the key issues facing the US economy on the backburner. But just like today’s surging inflation update in the UK confirmed, there is only so long that any given crisis can be used a distraction from the real [...] continue reading world news

Federal Reserve Must Release Data on Emergency Bank Loans as US Supreme Court Rejects Appeal

Mar. 21 (Bloomberg) — The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view. The justices today left intact a court order that gives the Fed five days to release the records, [...] continue reading world news

Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More

While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. “Iran has [...] continue reading world news

Obama White House Understates Deficits By $2.3 Trillion

WASHINGTON (AP) — A new assessment of President Barack Obama’s budget released Friday says the White House underestimates future budget deficits by more than $2 trillion over the upcoming decade. The estimate from the nonpartisan Congressional Budget Office says that if Obama’s February budget submission is enacted into law it would produce deficits totaling $9.5 [...] continue reading world news

Peter Schiff on CNBC: Buy Gold it could go to $10,000

The following interview with Peter Schiff was before this happened: - Emergency: Record Collapse: USDJPY Flash Crashes As All Support Taken Out – USDJPY Goes Bidless – Technical USDJPY Observations: ‘If The Down Move Continues, 71.70 Is Next’ - The Day The Yen Carry Trade Died Added: 17.03.2011 continue reading world news

The Day The Yen Carry Trade Died

(Click on image to enlarge.) While everyone is staring in disbelief at the USDJPY, the real carry action is in the high yielding-YEN pairs, i.e., the development, high growing countries. And it’s a massacre: ZARJPY, NZDJPY, AUDJPY – all are plunging far more than the USD. This is nothing short of a complete carry trade [...] continue reading world news

Today’s BOJ Nikkei Plunge Protection Invoice: ¥5 Trillion – Cost to Preserve The Nikkei From Plunging For A 4th Consecutive Day: Roughly $420 Billion So Far

And the real crisis has only just begun: - Japan Nuclear Meltdown: US Calls Radiation Levels ‘Extremely High’ – Fuel Pool Has Burned Dry At The No. 4 Reactor, Leaving Fuel Rods Stored There Exposed And Bleeding Radiation In other news: - Japanese shares slide again on reactor deterioration (ABC News) - Yen hits record-high [...] continue reading world news

Japan: Panic Buying, Evacuations In Tokyo, Power Supply Shortages To Continue For Months

- Panic Buying Adds To Shortages After Japan Quake (NPR): Canned goods, batteries, bread and bottled water have vanished from store shelves and long lines of cars circle gas stations, as Japan grapples with a new risk set off by last week’s earthquake, tsunami and ensuing nuclear crisis: panic-buying. Far outside the disaster zone, stores [...] continue reading world news

Japan: Industry Grinds To A Halt After Earthquake And Tsunami

Insurance costs for damage caused across Japan likely to be in region of £9bn adding further blow to indebted economy A firefighter looks at burned-out vehicles at Hitachi port, north-eastern Japan, the day after the giant quake and tsunami struck. Photograph: AP Industry in the world’s third-largest economy all but ground to a halt following [...] continue reading world news

Japan: Earthquake Selloff Wipes $287 Billion Off Tokyo Stock Market

TOKYO (Reuters) – A massive selloff on the Tokyo Stock Exchange wiped out some 23.5 trillion yen ($287 billion) from the market’s value on Monday with investors dumping stocks as the country recoiled from a devastating earthquake and struggled to avert nuclear disaster. The selloff triggered record volumes and slashed the market’s value to roughly [...] continue reading world news

A99 Operation Empire State Rebellion: World’s Most (In)Famous Hacker Group ‘Anonymous’ Brings Peaceful Revolution To America To End Corrupt Two-Party System And Above All To Break Up Global Banking Cartel (Federal Reserve, IMF, BIS And World Bank)

Added: 12.03.2011 The world’s most (in)famous hacker group – Anonymous – known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank [...] continue reading world news

PIMCO Total Return, The World’s Largest Bond Fund, Dumps All US Government Debt Holdings

The greatest financial (and economic) collapse in world history is well on its way. The bankster bailouts, stimulus package and unprecedented deficit spending have caused the ultimate bubble and it is ready to burst. This is the Greatest Depression. See also: - Muni Bond Market ‘To Go Down By At Least 15 To 20%, ‘By [...] continue reading world news

Chinese Silver Investors Bring Suitcases of Cash and Leave in Moving Vans

It was recently reported in the Suzhou evening news that a local investor in the Nanjing area bought one ton of silver bullion over the counter from a local coin and bullion dealer. The total purchase value amounted to well over $1 million USD. The investor and a team of helpers had to haul twenty [...] continue reading world news

Former Senator And Chairman of the Congressional Oversight Panel Ted Kaufman: ‘TARP Was The Largest Welfare Program For Corporations And Their Investors Ever Created In The History Of Humankind’

Ted Kaufman On Friday, free and efficient market champion Ted Kaufman, previously known for his stern crusade to rid the world of the HFT scourge, and all other market irregularities which unfortunately will stay with us until the next major market crash (and until the disbanding of the SEC following the terminal realization of its [...] continue reading world news

Moody’s Cuts Greece’s Credit Rating Again

See also: - With $5 Trillion In US And European Funding Needs Over The Next 3 Years, How Long Until The Global Monetization Tsunami Hits (Again)? - Portugal: Only €4 Billion In Cash Vs €20 Billion In Bond Maturity And Deficit Ouflows In 2011 - Spain Is Still The Elephant In The European Room! Happy [...] continue reading world news

Barclays Bankster Boss Bob Diamond Got £6.5 Million Bonus, Jerry del Missier Received £33 Million In Shares

• BarCap co-chief Jerry del Missier accrues £33m shares • Bob Diamond awarded £6.5m bonus • One banker received £10.9m in pay and bonuses • Project Merlin means high-paid traders can stay anonymous Barclays boss Bob Diamond Photograph: Stefan Wermuth/REUTERS Barclays stoked the row over City pay on Monday by revealing that one of its [...] continue reading world news

Egon von Greyerz of Matterhorn Asset Management: ‘A Hyperinflationary Deluge Is Imminent’, And Why, Therefore, Bernanke’s Motto Is ‘Après Nous Le Déluge’

Apres Nous, Le Deluge Happy days are here again! Stock markets are strong, company profits are up, bankers are making record profits and bonuses, unemployment is declining, and inflation is non-existent. Obama and Bernanke are the dream team making the US into the Superpower it once was. Yes, it is amazing the castles in the [...] continue reading world news

Utah House Passes Bill Recognizing Gold And Silver as Legal Tender

The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. (AP) Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and [...] continue reading world news

Portugal: Only €4 Billion In Cash Vs €20 Billion In Bond Maturity And Deficit Outflows In 2011

Flashback: - Prof. Nouriel Roubini Tells Portugal To Seek Bailout, Spain ‘Too Big To Bail Out’: Nouriel Roubini, the US economist, said Portugal should consider asking for a bailout before its financial plight worsens as the euro fell after the €85bn Ireland bailout failed to ease eurozone debt fears. However, he said neighboring Spain, Europe’s [...] continue reading world news

Why Silver Is Headed To $500 Per Oz – Backwardation Explained

This excellent video is an absolute MUST-SEE for all that haven’t watched it yet: - Silver: Shortage This Decade, Will Be Worth More Than Gold (!!!) The following video is old news for I. U. regulars. Added: 02.03.2011 Only physical gold and silver are real, everything else is an illusion. - Exposed: The iShares Silver [...] continue reading world news

If You Think This Oil Spike Is Temporary, Check Out This Chart

?The elite has found an oil field in Alaska that could supply the entire US for 200 years, but ‘cheap oil’ is not on their agenda. Their agenda is $200 per barrel. This oil price spike is going to be anything but short lived, if you believe this chart from Morgan Stanley. It details how [...] continue reading world news

Jim Rogers: ‘Saudi Arabia Is Lying About Being Able To Increase Its Oil Production’

Rogers Interview on Commodities, Global Stocks, Feb. 28 “Saudi Arabia has been lying about the reserves for decades. Saudi Arabia the last two times said they are going to increase production and they couldn’t increase production. Don’t fall for that. The reason oil is going up is the world is running out of known reserves [...] continue reading world news

CNBC: Total Silver Demand At 127% ! – The Case For $130 Silver

Don’t miss: - Exposed: The iShares Silver Trust (SLV) Scam Buy physical silver only, everything else is an illusion! - Even The Royal Canadian Mint Now Says It’s Difficult To Secure Silver - Eric Sprott on Silver: ‘THERE IS NOTHING LEFT’ Nothing new for regulars here. Yet the fact that CNBC, following Cramer’s endorsement of [...] continue reading world news