Libor Lies Revealed in Rigging of $300 Trillion Benchmark

- Libor Lies Revealed in Rigging of $300 Trillion Benchmark (Bloomberg, Jan 28, 2013): Every morning, from his desk by the bathroom at the far end of Royal Bank of Scotland Group Plc’s trading floor overlooking London’s Liverpool Street station, Paul White punched a series of numbers into his computer. White, who had joined RBS [...] continue reading world news

Silver Eagle Sales Surge To All-Time Record High In January

- Silver Eagle Sales Surge To All-Time Record In January (ZeroHedge, Jan 29, 2013): A massive 7.4 million Silver Eagles were purchased from the U.S. Mint in January, considerably higher than the previous record from early 2011. After halting Silver coin production/sales for over a week, the Mint re-opened yesterday and demand once again surged. [...] continue reading world news

Bernanke To Oprah: ‘I’ve Been Doping For Years’ (Video)

YouTube Added: 28.01.2013 “Buy gold, guns and food. This shit is about to get real!” continue reading world news

$600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive Hedge Funds To Shame

- $600 Billion In Trades In Four Years: How Apple Puts Even The Most Aggressive Hedge Funds To Shame (ZeroHedge, Jan 27, 2013): Everyone knows that for the better part of the past year Apple, Inc. (“AAPL”, or “The Company”) was the world’s biggest company by market cap, with Exxon finally regaining that title on [...] continue reading world news

The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does

FYI. - The U.S. Has An Even Larger Gap Between The Rich And The Poor Than Downton Abbey Does (Economic Collapse, Jan 25, 2013): There are two very different Americas today.  In one, the stock market is soaring, high end homes are selling briskly, big banks and hedge funds are rolling in money as if [...] continue reading world news

Dr. Paul Craig Roberts: Nature’s Capital Is The Limiting Resource

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. - Nature’s Capital Is [...] continue reading world news

Goldman Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

- Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved (Economic Collapse, Jan 23, 2013): Why does it seem like wherever there is human suffering, some giant bank is making money off of it?  According to a new report from the World Development Movement, Goldman Sachs made about [...] continue reading world news

Farmers Land Stolen For GM Food Production

- Farmers Land Stolen for GM Food Production (Activist Post, Jan 22, 2013): Barb’s note: Recently, a ban on GMOs in Poland has been applauded as a step in the right direction. However, a little bit of digging uncovers the real agenda. This is not a real ban, but a deceptive act that actually opens [...] continue reading world news

1000 Chinese Workers Stage Revolt Over 2 Minute Bathroom Breaks

- 1000 Chinese Workers Stage Revolt Over 2 Minute Bathroom Breaks (ZeroHedge, Jan 22, 2013): If we as a nation, buoyed by Obama’s Inauguration preach, expect to compete once again on a global jobs stage (as we noted earlier) then perhaps taking a note from the Chinese employers’ handbook will wake a few up to [...] continue reading world news

U.S. Government Scrap-Metal Plan From NUCLEAR SITES Proves Radioactive

- Scrap-Metal Plan Proves Radioactive (Wall Street Journal, Jan 16, 2013): The Department of Energy is proposing to allow the sale of tons of scrap metal from government nuclear sites—an attempt to reduce waste that critics say could lead to radiation-tainted belt buckles, surgical implants and other consumer products. The department, in a document released [...] continue reading world news

Visualizing Silver As An Investment

- Visualizing Silver As An Investment (ZeroHedge, Jan 19, 2013) continue reading world news

The Germans Don’t Trust Obama With Their Gold – And Can You Blame Them?

Precioussss - The Germans don’t trust Obama with their gold – and can you blame them? (Telegraph, Jan 18, 2013): Back in the mid-1920s, the head of the German Central Bank, Herr Hjalmar Schacht, went to New York to see Germany’s gold. However the NY Fed officials were unable to find the palette of Germany’s [...] continue reading world news

The ‘Big Three’ Banks Are Gambling With $860 Billion In Deposits

- The “Big Three” Banks Are Gambling With $860 Billion In Deposits (ZeroHedge, Jan 18, 2013): A week ago, when Wells Fargo unleashed the so far quite disappointing earnings season for commercial banks (connected hedge funds like Goldman Sachs excluded) we reported that the bank’s deposits had risen to a record $176 billion over loans [...] continue reading world news

US Mint Out Of Silver Coins, Suspends Sales

- US Mint Out Of Silver Coins – Suspends Sales (ZeroHedge, Jan 17, 2013): As we noted earlier this month, the demand for both gold and silver ‘physical’ coins has been record-breaking as 2013 began. So much so, that now after selling over 6 million silver coins in 2013 so far, the US Mint has [...] continue reading world news

Russia Warns: World War Is Coming, Currency War That Is

- World War Is Coming, Currency War That Is – Russia Warns (ZeroHedge, Jan 16, 2013): It will not come as a surprise to anyone who has spent more than a few cursory minutes reading ZeroHedge over the past few years (back in 2009, then 2010, and most recently here, and here) but the rolling [...] continue reading world news

Why Americans Are Broke, And Getting Further In Debt

- Why Americans Are Broke, And Getting Further In Debt (ZeroHedge, Jan 15, 2013): Just as the president reminded us yesterday we are not a deadbeat nation, merely borrowing money today to pay the bills of yesterday, so, as the NY Times reports in this all-too-real article, many of the citizens of the US are [...] continue reading world news

Apple (AAPL) Trades Under $500 For First Time In 11 Months

- AAPL Trades Under $500 For First Time In 11 Months (ZeroHedge, Jan 14, 2013): While the furious defense of $500 the second AAPL crossed under the psychological barrier – the first time it did so in regular trading since February 15, 2012 – was promptly launched as otherwise the hedge fund community, which as [...] continue reading world news

All The Gold In The World – The Definitive Infographic

- All The Gold In The World – The Definitive Infographic (ZeroHedge, Jan 14, 2013) continue reading world news

Even Goldman Sachs Says China Is Cooking The Books

- Even Goldman Says China Is Cooking The Books (ZeroHedge, Jan 13, 2013): That China openly manipulates its economic data, especially around key political phase shifts, such as one communist regime taking over for another, is no secret. That China is also the marginal economic power (creating trillions in new loans and deposits each year) [...] continue reading world news

China Sends Fighter Jets To Counter Japanese Jets, Military On ‘High Alert’

- Chinese Military On “High Alert” After It Scrambles Fighter Jets To “Counter” Japanese Jets (ZeroHedge, Jan 11, 2013): The one thing that most seem to forget in the epic 30 year old story (which has a very sad ending) that is the Japanese floundering economy, is that while the new Abe government may and [...] continue reading world news

Matt Taibbi: Secrets And Lies Of The Bailout (Rolling Stone)

- Secrets and Lies of the Bailout (Rolling Stone, Jan 4, 2013): It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers [...] continue reading world news

US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December’s Total

- US Mint Sells Massive 3.9 Million Ounces Of Silver Coins In First Few Days Of 2013, Triple December’s Total (ZeroHedge, Jan 8, 2013): Just a few days ago we noted the massive surge in physical gold coin sales from the US Mint, with silver surprisingly lagging. Today, we see an even more dramatic surge [...] continue reading world news

The Baltic Dry Index Slumped 60 Percent Last Year!

From Bloomberg, Jan 8, 2013: The glut in Panamaxes extends across the fleet. The Baltic Dry Index, a measure of rates for four classes of dry-bulk commodity carriers, slumped 60 percent last year. The Baltic Dirty Tanker Index of oil-shipping rates retreated 18 percent and a measure of charges for six types of containers declined [...] continue reading world news

Japan To Buy ESM Bonds Using FX Reserves To Help Weaken Yen (Bloomberg)

So Japan will ‘stabilize’ itself by monetizing European debt. Now that makes perfect sense … … if one belongs to those Keynesian lunatics. You can’t make this stuff up! Related info: - Japan: Presenting Shinzo Abe’s ‘Super-Secret’ Devaluation Plan – Double-Down - Japanese Ministry of Finance To Japanese Bondholders: YOU’RE SCREWED!!! - Bank Of Japan [...] continue reading world news

Obama To Pay US Debt With Trillion-Dollar Coins?

Related info: - Putting A Trillion Dollars Of Platinum In Perspective - Obama to pay US debt with trillion-dollar coins? (RT, Jan 4, 2013): With the fiscal cliff averted for now, it’ll be a few weeks until the debt ceiling debate is the next major money issue in Washington. Luckily, some economists say that crisis [...] continue reading world news

The Four Business Gangs That Run The US (Sydney Morning Herald)

- The four business gangs that run the US (Sydney Morning Herald, Dec 31, 2012): IF YOU’VE ever suspected politics is increasingly being run in the interests of big business, I have news: Jeffrey Sachs, a highly respected economist from Columbia University, agrees with you – at least in respect of the United States.In his [...] continue reading world news

Total Desperation: Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

- Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt (ZeroHedge, Jan 3, 2013): With Spanish 10Y yields hovering at a ‘relatively’ healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is [...] continue reading world news

Mississippi River Nears Historic Lows, Shipping At Risk

- Mississippi River nears historic lows, shipping at risk (Reuters, Jan 2, 2013): The drought-drained Mississippi River will rise slightly later this week between St. Louis and Cairo, Illinois, but later continue its decline toward historic lows, according to a National Weather Service forecast.Low water, due to the worst U.S. drought since 1956, has already [...] continue reading world news

PIMCO’s Bill Gross On Bernanke’s Latest Helicopter Flyover, ‘Money For Nothing, Debt For Free’ And The End Of Ponzi Schemes

- Bill Gross On Bernanke’s Latest Helicopter Flyover, “Money For Nothing, Debt For Free” And The End Of Ponzi Schemes (ZeroHedge, Jan 3, 2013): Back in April 2012, in “How The Fed’s Visible Hand Is Forcing Corporate Cash Mismanagement” we first explained how despite its best intentions (to boost the Russell 2000 to new all [...] continue reading world news

A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment

-  A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment (Economic Collapse, Dec 31, 2013): What would you do if all the lights went out and they never came back on?  That is a question that the new NBC series “Revolution” asks, but most people have no idea that a similar thing [...] continue reading world news

US To Officially Go Over The Fiscal Cliff

- US To Officially Go Over The Fiscal Cliff (ZeroHedge, Dec 31, 2012): As we forecast back in November, it is now official that the House will not vote on any deal out of the Senate, assuming there is one which there won’t be of course, later today, which means America will officially slide off [...] continue reading world news