Fed: Foreign Central Banks’ Selling U.S. Government Debt

Humor: Government Bonds - Foreign central banks’ U.S. debt holdings fall: Fed (Reuters, June 27, 2013): Foreign central banks’ overall holdings of U.S. marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday. The Fed said its holdings of U.S. securities kept for overseas central [...] continue reading world news

Foxconn CEO Terry Gou: “We Have Over 1 Million Workers. In The Future We Will Add 1 Million Robotic Workers. Our [Human] Workers Will Then Become Technicians And Engineers.”

- Foxconn to speed up ‘robot army’ deployment; 20,000 robots already in its factories (ITworld, June 26, 2013): Manufacturing giant Foxconn Technology Group is on track with its goal to a create a “million robot army”, and already has 20,000 robotic machines in its factories, said the company’s CEO Terry Gou on Wednesday. Workers’ wages [...] continue reading world news

France Jobseekers Hit Another All-Time Record

- France Jobseekers Hit Another All-Time Record (ZeroHedge, June 26, 2013): Despite the jump in French PMI (though still in contractionary region), the number of French Jobseekers rose once again (up 11.5% year-over-year) to a new all-time record. As the nation struggles with near Depression-era activity, it seems the green shoots that Draghi’s jawboning once [...] continue reading world news

Gold Plummets To 34-Month Lows, Drops Below Its Average Cash Cost

- Gold Plummets to 34-Month Lows as Investors Flee (Wall Street Journal, June 26, 2013): Prices are down about 25% this year, with the bulk of the losses occurring since April. On Wednesday, prices fell below $1,250 a troy ounce for the first time in nearly three years. - Gold Drops to 34-Month Low as [...] continue reading world news

Mid Year Digest – Where Are We Now? – A World View

- Mid Year Digest (Kunstler, June 24, 2013): by James Howard Kunstler Wondering why the money world got its knickers in a twist last week? The answer is simple: the global economy is breaking apart and its constituent major players are doing face-plants on the downhill slope of a no-longer-cheap-oil way of life. Let’s look [...] continue reading world news

76% Of Americans Are Living Paycheck-To-Paycheck (CNNMoney)

- 76% of Americans Are Living Paycheck-to-Paycheck (CNNMoney, June 24, 2013): Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to [...] continue reading world news

The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over

- The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over (ZeroHedge, June 23, 2013): When a month ago the Central Banks’ Central Bank, aka the Bank of International Settlements (or BIS) in Basel where the MIT central-planning braintrust meets every few months to decide the fate of the world, warned that the [...] continue reading world news

On U.S. Government Bonds: ‘If The Yield Goes Significantly Higher The Market Is Going To Freak Out’

- “If The Yield Goes Significantly Higher The Market Is Going To Freak Out” (Economic Collapse, June 21, 2013): If yields on U.S. Treasury bonds keep rising, things are going to get very messy.  As I write this, the yield on 10 year U.S. Treasures has risen to 2.51 percent.  If that keeps going up, [...] continue reading world news

Bank Of China Denies Default

- Bank Of China Denies Default (ZeroHedge, June 20, 2013): Either things in China are now very serious (and Jean-Claude Juncker has been hired as chief propaganda officer), or the BOC hired Erin Callan as CFO. Either way, for now at least, the Bank of China “is fine”: Then again, looking back in history, the [...] continue reading world news

Ron Paul Warns Of Dollar Collapse … Gold Will ‘Go To Infinity’ (Video)

See also: - Hong Kong Hedge Fund Manager William Kaye On The Massive Gold And Silver Plunge: ‘It’s The End Game Of A Fantastic Manipulation Of The Markets’ - Gold, Silver Hammered To 2.5-Year Lows; Major, New Chart Damage Suggests More Downside To Come YouTube Added: 20.06.2013 Flashback: - Breaking News: DHS Insider: It’s About [...] continue reading world news

Congressman Alan Grayson Allowed To Read Secret Treaty Says ‘This … Hands The Sovereignty of Our Country Over to Corporate Interests’ (Video)

Flashback: Ben Bernanke, ‘THE HERO’ & ‘PERSON OF THE YEAR’, Destroyed By Alan Grayson (Video) - First Congressman Allowed to Read Secret Treaty Says “This … Hands The Sovereignty of Our Country Over to Corporate Interests” (ZeroHedge, June 19, 2013): We reported last year: Democratic Senator Wyden – the head of the committee which is [...] continue reading world news

Cyprus Bail-In Blows Up: President Urges Complete Bailout Overhaul (Full Letter)

-  The Cyprus Bail-In Blows Up: President Urges Complete Bailout Overhaul (Full Letter) (ZeroHedge, June 18, 2013): Cyprus’ President Nicos Anastasiades has realized (as we warned), too late it seems for the thousands of domestic and foreign depositors who were sacrificed at the alter of monetary union, that the TROIKA’s terms are “too onerous.” Anastasiades [...] continue reading world news

China’s Great Uprooting: Moving 250 MILLION Rural Residents Into Cities

- China’s Great Uprooting: Moving 250 Million Into Cities (New York Times, June 15, 2013): BEIJING — China is pushing ahead with a sweeping plan to move 250 million rural residents into newly constructed towns and cities over the next dozen years — a transformative event that could set off a new wave of growth [...] continue reading world news

Study: Derivatives Are Weapons Of Slow Economic Destruction

And yes, derivatives are designed to do exactly that … “(Slow) Economic Destruction” … and the greatest financial/economic collapse in world history is well on its way. Related info: - Former Fed President Thomas Hoenig: Deutsche Bank ‘Is Horribly Undercapitalized … It’s Ridiculous’ - America’s Giant Bubble Economy Is Going To Become An Economic Black [...] continue reading world news

Thousands Of Companies Handing Over Your Personal Data To The NSA

“Fascism should rightly be called Corporatism, as it is the merger of corporate and government power.” – Benito Mussolini - Thousands Of Companies Have Been Handing Over Your Personal Data To The NSA (Economic Collapse, June 14, 2013): It isn’t just Internet and phone companies that are giving your personal information to the U.S. government.  [...] continue reading world news

Spain’s Debt Jumps To New Record High; Year-Over-Year Rise Also Fastest On Record

- Spain’s Debt Surges To Record High At Accelerating Pace (ZeroHedge, June 14, 2013): Somewhere deep down inside the European Union’s leaders must know how foolish they are with their constant proclamations that the worst of the crisis is over and that growth will return any moment now. For now, the realists in the market [...] continue reading world news

This Is What Crisis Feels Like: Basic Services Still Functioned, No One Had To Really Worry About Food Or Water … Then It All Changed … Literally Within A Day!

Greece, Athens - This is what crisis feels like: a personal story (Sovereign Man, June 12, 2013): On December 1, 2001, Argentina’s economy was in trouble. Unemployment was high, debt was high, and recession had taken hold. But life was somewhat ‘normal’. Basic services still functioned. And no one had to really worry about… food. [...] continue reading world news

EVERY Market Is Rigged

- EVERY Market Is Rigged (Washington’s Blog, June 12, 2013): Currency Markets Are Rigged Bloomberg reports today: Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice. Employees have been front-running client orders [...] continue reading world news

JPMorgan Vault Gold Drops By 28.4% Overnight, Slides To Fresh Record Low As Withdrawals Accelerate

From the article: “At this pace, the world’s biggest gold vault located below 1 CMP, and just next to the Fed’s own gold vault, will be empty in about 1.5-2 months.” Got PHYSICAL gold? - JPM Vault Gold Drops By 28.4% Overnight, Slides To Fresh Record Low As Withdrawals Accelerate (ZeroHedge, June 11, 2013): With [...] continue reading world news

Ron Paul: ‘It’s Going to Get Much, Much Worse’ (June 9, 2013)

YouTube - Ron Paul: It’s Going to Get Much, Much Worse (Peak Prosperity, June 10,2013): Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. His last term in the U.S. House of Representatives ended earlier this year, so we [...] continue reading world news

Breaking News: DHS Insider: It’s About To Get Very Ugly

From the article: “We know all this already,” I stated. He looked at me, giving me a look like I’ve never seen, and actually pushed his finger into my chest. “You don’t know jack,” he said, “this is bigger than you can imagine, bigger than anyone can imagine. This administration is collecting names of sources, [...] continue reading world news

Greece: Total Collapse In Pics – GDP Plunges To Year 2000 Levels – That Things Are Hopeless And Getting Worse Is An Understatement – Another Bailout Imminent

Related info: - Greece: Prostitution Soars By 150% – Prostitutes Lower Their Price As Low As 5 EUROS – Youth Unempoyment Hits 75% In Some Areas - Greek GDP Plunges To Year 2000 Levels (ZeroHedge, June 8, 2013): That things in Greece are hopeless and getting worse is an understatement. With unemployment levels off the [...] continue reading world news

Argentina: ‘It’s Like A Textbook Case In Government Gone Mad’ – ‘Comletely Out Of Control’ – ‘Spinning Off Into La-La-Land’

From the article: “It is like a textbook case in government gone mad. They have stolen the retirement accounts, devalued the currency, and put capital controls in place. There are trade controls so that people can’t import necessities into the country, but instead, have to manufacture them locally, with the government giving monopolies to their [...] continue reading world news

Insanity: How To Buy A Home In Martha’s Vineyard With Zero Money Down

- American Insanity: How to Buy a Home in Martha’s Vineyard with Zero Money Down (Liberty Blitzkrieg, June 5, 2013): The absurd new housing bubble created by Banana Ben Bernanke’s cheap money, private equity slumlords and crony foreign oligarchs looking to launder their ill-gotten funds, continues to provide what would be hilarious headlines if only [...] continue reading world news

Super Secret Treaty Will Push The Deindustrialization Of America Into Overdrive

- Obama’s Super Secret Treaty Which Will Push The Deindustrialization Of America Into Overdrive (Economic Collapse, June 3, 2013): Did you know that Barack Obama has been secretly negotiating the most important trade agreement since the formation of the World Trade Organization?  Did you know that this agreement will impose very strict Internet copyright rules, [...] continue reading world news

It’s Official, The U.S. Is Back In Recession

- It’s Official, the US is Back in Recession (ZeroHedge, June 4, 2013) continue reading world news

Turkish Stocks Collapse Most In 10 Years, BIST-100 Drops 10.47%, Biggest Drop Since March 2003, Bond Yields Surge Most On Record

- Turkish Stocks Collapse Most In 10 Years, Bond Yields Surge Most On Record (ZeroHedge, June 3, 2013): UPDATE: BIST-100 Closes -10.47% – Biggest drop since March 2003 Until mid-last week, the Turkish equity market was up 90% from the start of 2012 and up 19.5% in 2013. Of course, why not. Global easy money [...] continue reading world news

It’s A ’0.6%’ World: Who Owns What Of The $223 Trillion In Global Wealth

Full article here: - It’s A “0.6%” World: Who Owns What Of The $223 Trillion In Global Wealth (ZeroHedge, June 2, 2013): Back in 2010 we started an annual series looking at the (re)distribution in the wealth of nations and social classes. What we found then (and what the media keeps rediscovering year after year [...] continue reading world news

The ‘GOOD NEWS’: Italy Labor Union Predicts Return To Pre-Crisis Employment By 2076 – Now The BAD NEWS: ‘The Level Of Real Wages Will NEVER Recover’

You can’t make this stuff up! - Italy Labor Union Predicts Return To Pre-Crisis Employment By 2076 (ZeroHedge, May 2013): By now it is conventional wisdom that the Italian economy is foundering alongside all other peripheral European nations as a result of a failed artificial currency leading to an inability for external rebalancing, a flawed [...] continue reading world news

Bloomberg: ‘This Should Make Every American’s Blood Boil’ – Citigroup Settles IN SECRET On Housing Fraud Charges

- Another Oligarch Wrist Slap: Citigroup Settles in Secret on Housing Fraud Charges (Liberty Blitzkrieg, May 31, 2013): Guess what just happened?  In case you forgot, the Federal Housing Finance Agency (FHFA) had previously accused Citigroup of violating securities laws and making misrepresentations of billions of mortgage bonds.  Unsurprisingly, Citigroup settled, which is just a [...] continue reading world news

U.S. Student Loan Delinquency Rate Hits New Record High

Related info: - Student Loan Bubble? Just Discharge It! - 40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe - The Student Loan Delinquency Rate In The United States Has Hit A Brand New Record High (Economic Collapse, May 29, 2013): 37 million Americans currently have outstanding student [...] continue reading world news