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