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