Massive CDS Price Manipulation Scandal Erupts, EVERYONE Implicated!

Back in March of 2009 Zero Hedge, once again a little conspiratorially ahead of its time, solicited reader feedback on a key topic: CDS pricing manipulation, involving in addition to key cartel banks, such “independent” pricing services as MarkIt. We said: “Zero Hedge has received some troubling info (like there isn’t enough) regarding major pricing [...] continue reading world news

Report: Soaring Costs To Force 10 Million American Households To Choose Between Shelter And Food

NEW YORK — Around 10 million American households — or one in every four families that rent their homes — could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday. The number of households spending more than 50 percent of their income on rent and [...] continue reading world news

Bernanke: Federal Reserve Will End Quantitative Easing – Prepare For Epic Market Collapse!

Prepare for total collapse: -  Everything Is Now Correlated Exclusively To The Federal Reserve’s Balance Sheet: If The Fed Ends QE2 On June 30, The Market Collapse Will Be Epic This is the ‘Greatest Depression’. Bernanke says ending monetary easing will have little effect on economy Apr. 27 (Washington Post) — Federal Reserve Chairman Ben [...] continue reading world news

Apmex Starts Reverse Inquiry: ‘We’ll will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!’ AND ‘We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!’

As any MSM brainwashed sheep can clearly see there are no shortages and silver and gold are in a bubble. ROFL! Got silver and gold? Expect gold at$10,000/oz and silver above $500/oz (with corrections in between). Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the [...] continue reading world news

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings!

All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week’s announcement by PBoC Governor Zhou (Where’s Waldo) Xiaochuan that the country’s excessive stockpile of [...] continue reading world news

China, Shanghai: About 2,000 Truck Clash With Police Over Fuel Price Inflation

People walk along an unfinished road being used by truck drivers to park their container trucks near a port in Shanghai April 21, 2011, following a protest nearby the area earlier in the morning. Truck drivers were planning a second (REUTERS) SHANGHAI (Reuters) – A two-day strike over rising fuel prices turned violent in Shanghai [...] continue reading world news

20 Signs That A Horrific Global Food Crisis Is Coming

In case you haven’t noticed, the world is on the verge of a horrific global food crisis.  At some point, this crisis will affect you and your family.  It may not be today, and it may not be tomorrow, but it is going to happen.  Crazy weather and horrifying natural disasters have played havoc with [...] continue reading world news

Adolf Hitler, Silver And COMEX

It has been done before (here, here and here) and it certainly will be done again. In the meantime, here is Adolf, reprising in his now traditional role as Jamie Dimon, learning that the Comex is out of silver. Added: 20.04.2011 Submitted by Tyler Durden on 04/22/2011 08:52 -0400 Source: ZeroHedge continue reading world news

Elite Puppet President Obama Declares War On Oil Traders, ‘Speculators’

The US government and the Federal Reserve are bankrupting America (‘Deficit spending’) and nuking the US dollar (‘Quantitative easing’, also called the nuclear option by economists.) and this is the intended result: “When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class [...] continue reading world news

Morgan Stanley Property Fund fails to Make $3.3 Billion In Debt Payments On Tokyo Property, Largest Repayment Failure Of Its Kind In Japan

Morgan Stanley walked away because they know what will soon happen to Tokyo (Just wait until the wind turns! According to the weather forecast this will happen on Monday and Tuesday). The banksters leave Tokyo, because they know about the melting fuel rods (containing plutonium) and they know that we are not told the truth [...] continue reading world news

$1 Billion of Gold Bars Taken Delivery Of By Pension Fund Due to Risk of COMEX Default and Shortages

Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today. Sovereign debt risk, global inflation concerns, geopolitical risk, disappointing European earnings and concerns about Japan’s coming reporting season have seen equities [...] continue reading world news

US Credit Rating Outlook Lowered By Standard & Poor’s

If the US were a corporation it would be history. Soon we will witness the greatest financial collapse in world history. Change we can believe in! See also: - Teleprompter Obama Confirms Leadership Failure, Pulls Out Mother Of All Mutual Assured Nukes: ‘Raise Debt Ceiling Or Risk Global Recession’ - Treasury Department: US Deficit Up [...] continue reading world news

University of Texas Takes Delivery Of $1 Billion In Gold Bars After Cue From Hedge Fund Manager Kyle Bass, Storing It In New York Vault

Kyle Bass Apr. 16 (Bloomberg) — The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board. The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment [...] continue reading world news

Teleprompter Obama Confirms Leadership Failure, Pulls Out Mother Of All Mutual Assured Nukes: ‘Raise Debt Ceiling Or Risk Global Recession’

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.” - Barack Obama “When a country embarks on deficit financing and [...] continue reading world news

Russia Seizes Shipment of Radioactive Japanese Cars

Published: 11 April, 2011, 19:19 Source: Russia Today continue reading world news

Silver Says Goodbye To $42 Per Ounce And Is Well On Its Way To The All Time Hunt Brother High

As of now: Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in [...] continue reading world news

US: Exports, Imports, ‘Everything Weaker Across the Board’; Morgan Stanley Drops GDP Estimate to 1.5%; Expect to Hear the ‘R’ Word Soon

In case you missed it, economists have slowly ratcheted down GDP estimates for the first quarter. Morgan Stanley’s 1st quarter GDP estimate is 1.5% down from 1.9%. Barclays also lowered GDP estimates by a half-point to a range of 1.5% to 2%. 4% GDP estimates went out the window long ago. Please consider U.S. Trade [...] continue reading world news

‘End Of The World’ Inflation: 47% In Six Months

Back in October, Zero Hedge discussed a Costco offer for Shelf-Reliance THRIVE’s one year’s supply of dehydrated, freeze dried food, better known as “apocalypse rations.” Six months ago a one year’s supply of food for one person which included 5,011 total servings (84 #10 cans) could be purchased for $799.99 (the link for the offering [...] continue reading world news

Former Governor Jesse Ventura on Government Cover-Ups . . . 9/11, the Reality of HAARP and Making Government Better

Amazon.com: 63 Documents the Government Doesn’t Want You to Read Amazon.de: 63 Documents the Government Doesn’t Want You to Read Introduction: Jesse Ventura is the former Independent Governor of Minnesota. He is also a former U.S. Navy SEAL, professional wrestler, movie actor, a visiting fellow at Harvard Kennedy School of Government, and the New York [...] continue reading world news

Freedom Watch With Judge Napolitano And Guest Peter Schiff: Federal Reserve Counterfeiting, The Liberty Dollar And Economic ‘Terrorism’

Added: 08.04.2011 Related information: - A ‘Unique’ Form of ‘Terrorism’: Liberty Dollar Founder Bernard von NotHaus Convicted On Federal Charges, Attorney Calls Him A Terrorist - Thoughts On The Liberty Dollar Debacle continue reading world news

Former Governor Jesse Ventura on The View: ‘The Federal Reserve Runs The Country’, ‘I Call Homeland Security The GESTAPO’, ‘Last Year Alone The Government Classified 16 Million Documents Top Secret’

Added: 06.04.2011 Here is the episode guide: - Conspiracy Theory with Jesse Ventura: EPISODE GUIDE (Full Length Videos) All episodes are a must-see! Here are some highly recommended ones: - Jesse Ventura Conspiracy Theory: Police State (And FEMA Concentration Camps) - Jesse Ventura Conspiracy Theory: ‘Gulf Coast Oil Spill’ - Jesse Ventura Conspiracy Theory: Worldwide [...] continue reading world news

Marc Faber: Mr. Bernanke is a Murderer of the Middle Class – QE Is How The Elites Are Getting Their Revenge On Illiterate Kids Born Out Wedlock

This is what is really happening in the US … “When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.” - Ron Paul … and this would have happened under any elite puppet [...] continue reading world news

Gaddafi Starts Bombarding His Own Oil Fields

Back in February we were wondering how long before Gadaffi starts a scorched earth policy on his own country, and primarily his oil infrastructure, in a repeat of Hussein’s non-triumphal departure from Kuwait. Turns out the answer is about a month and a half. With it now becoming painfully clear that the whole purpose of [...] continue reading world news

Matt Taibbi: Why is the Federal Reserve Bailing Out Gaddafi?

Why is the Fed Bailing Out Qaddafi? Barack Obama recently issued an executive order imposing a wave of sanctions against Libya, not only freezing Libyan assets, but barring Americans from having business dealings with Libyan banks. So raise your hand if you knew that the United States has been extending billions of dollars in aid [...] continue reading world news

The US Dollar (Collapse) Index

I’ve shown chart after chart of the US dollar. I’ve shown how the Dollar Index has been violating support levels. To refresh your thinking, I’ve included an up-dated chart of the US Dollar Index (above). What we see here is a giant head-and-shoulders top with a right shoulder that is in the process of breaking [...] continue reading world news

Exposed: The US-Saudi Libya Deal: You Invade Bahrain. We Take Out Muammar Gaddafi In Libya

(Asia Times) — You invade Bahrain. We take out Muammar Gaddafi in Libya. This, in short, is the essence of a deal struck between the Barack Obama administration and the House of Saud. Two diplomatic sources at the United Nations independently confirmed that Washington, via Secretary of State Hillary Clinton, gave the go-ahead for Saudi [...] continue reading world news

Big US Bank Laundered Billions From Mexico’s Murderous Drug Gangs

Flashback: - Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored A [...] continue reading world news

Record Silver Backwardation Spells Danger for US Dollar

James Turk: We’re now at a record backwardation in silver in terms of length of time.  I think what we need to do is compare what is happening now to 2009 when silver was in backwardation the last time.  Over a period of just about two months silver rose 40% from approximately $10 to $14, [...] continue reading world news

Federal Reserve Releases Discount-Window Loan Records During Crisis Under Court Order

Mar. 31 (Bloomberg) — The Federal Reserve released thousands of pages of secret loan documents under court order, almost three years after Bloomberg LP first requested details of the central bank’s unprecedented support to banks during the financial crisis. The records reveal for the first time the names of financial institutions that borrowed directly from [...] continue reading world news

US Treasury Sells $29 Billion In Bonds, Bringing Total Settled US Debt To 14.311 Trillion, More Than The Debt Ceiling

First, the irrelevant news: Today’s $29 billion 7 Year auction just closed at a yield of 2.895%, the highest since April 2010, just the time when QE1 was ending and everyone was certain there would be no follow through monetization. The Bid To Cover was 2.79, weaker compared to recent auctions, and 2 bps wider [...] continue reading world news