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Most read articles
James Howard Kunstler
  All This and World War, Too? 
The situation in Ukraine hotted up this weekend and threatens to blow this morning with the Kiev government affecting to send “anti-terrorist” troops into the eastern cities where ethnic Russians seized buildings. (In the olden times of Europe, they had witches and devils. Now, thanks to our example, they have “terrorists.”) While this impending civil war would be rather dire for Ukraine, it presents the obvious questions: 1) does it matter to anyone outside the region? And in particular, 2) is
Monday, April 14, 2014
Louis James - Casey Research
How I Intend to Survive the Meltdown of America 
It is with a troubled heart that I sit down to write today, there being reports of casualties in new fighting in eastern Ukraine. I worry, of course, about my friends and students in the country who may well be in physical danger soon, if the conflict escalates. But that’s personal; as an investment analyst, it’s the financial war the Russians seem quite willing to wage that really has my attention. It should have yours as well. As one of the experts in our just-released Meltd
Tuesday, April 15, 2014
Wolf Richter
  What the Heck is Going on With US Treasuries In Belgium? 
The tiny country of Belgium – my beloved hunting grounds for three years a while back – with a GDP of $484 billion, a country which you can cross by bicycle in a single day if you're really fit, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, that tiny speck of land is starting to grow an enormous mountain of US Treasury Securities. In February, according to data just released by the US Treasury Depar
Thursday, April 17, 2014
Nathan Lewis - New World Economics
  How to Make Billions While Making People Happy and Saving the Planet 
Real-estate legend Sam Zell said recently that the “End of Suburbia” might be happening. Right here and now. Of course, all the suburban dreck that was built in the last six decades isn’t going to vaporize. But, in terms of new construction — in other words, the real estate development business — reproducing the postwar, automobile-dependent Suburbia pattern is a money-losing proposition. “You’re drawing all the young people in America to these 24/7 ci
Sunday, April 20, 2014
Chris Martenson
US Gas Will Never Replace Russian Gas For Europe 
Recent entreaties by various US politicians to help wean Europe off of Russian gas are simply preposterous.  The numbers don't add up, and they never will. Let's begin with the facts: 16% of natural gas consumed in Europe flows through Ukraine Mar 14, 2014 Europe, including all EU members plus Turkey, Norway, Switzerland, and the non-EU Balkan states, consumed 18.7 trillion cubic feet (Tcf) of natural gas in 2013. Russia supplied 30% (5.7 Tcf) of this volume, with a significant amount flowing
Saturday, April 19, 2014
Wolf Richter
‘People Don't Grasp Yet What European Unification Will Cost Them’ 
In the Southern half of the Eurozone, people feel crushed because their lives and future have been sacrificed on the altar of the Holy Euro. I'm writing from the Netherlands, so from the Northern side of the Great Divide in the soon-to-be-established cozy, happy Political Union and Paradise. Here we are not suffering as much as the people in Greece, Spain, and Portugal. Not yet. But our politicians are bent on continuing on this road to a federal state which in
Monday, April 21, 2014
Eric Coffin - Hard Rock Analyst
Traders Resolve Tested 
Just when you thought it was safe to go back into the market the gold price and junior resource stocks drop and nervous traders declare the sky is falling yet again. I'm not thrilled by the market action of the past two or three weeks but I also don't think the basic narrative has changed. The gold price has corrected but I don't think its rolled over unless it gets quite a bit lower. Likewise, the correction in the Venture Index is not large c
Monday, April 14, 2014
Andy Sutton
EU Officially Adopts the Bail-In? with Graham Mehl
It has now been more than a year since that fateful weekend in the Mediterranean when everything changed. However, like most of the big changes we?ve seen lately, there is a subtlety afoot that somehow results in few noticing. This should surprise no one really. How the world can change in such dramatic ways without any type of mass awakening is a topic more for the psychologists who help pull the strings and the evil they represent than for anyone involved in the analy
Friday, April 18, 2014
Wolf Richter
  America And Oil: This Chart Shows Why OPEC’s Knees Are Trembling 
What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences. Two primary reasons: Rising oil production in Canada; hence, more oil to import. Soaring oil production in the US, hence drastically lower oil imports in general. Their combination has come out of OPEC’s hide. The chart, based on EIA data from January 1993 throug
Thursday, April 24, 2014
Philippe Herlin - GoldBroker
IMF Confirms European Banking Sector Still Getting Worse
Let’s go back to the IMF’s Global Financial Stability Report that we mentioned last week, but this time let’s take a look at the first chapter, in the section regarding european banks (starting at page 39). And the international institution’s assessment is rather worrisome because, it says, the number of non-performing loans on the european banks’ balance sheets has doubled since 2009, going from 400 to 800 billion euros. Of course, as can be expected, most of those banks are from the most indeb
Thursday, April 17, 2014
James West - Midas Letter
China’s ‘Lehman’ Moment 
A raft of stories across newswire in the last 23 hours suggest there might be a rug-pulling-out of sorts coming for investors in the Far East. And as we know, the Butterfly Effect in globalized markets these days is instant and amplified. It could be suggested at this point that the tech sell-off currently underway in U.S. technology stocks is a result of a growing crisis in confidence toward China, and its economic reporting. One might even go so far as to suggest that, in some of the events,
Friday, April 11, 2014
John Rubino - Dollar Collapse
Amazing Story From Japan 
Here's something you don't see very often: For a day and a half this week, the Japanese government's benchmark 10-year bonds attracted not a single successful private sector bid. At today's artificially-depressed yields, no one wants this paper -- except of course the Bank of Japan, which is buying up the bonds with newly-created yen. As the Gulf Times noted: Japan bond market liquidity dries up as BoJ holding crosses ¥200tn The Bank of Japan's massive purchases of governmen
Thursday, April 17, 2014
James West - Midas Letter
Will Ukraine and Russia Catalyze a War? 
Amid accusations and acrimonious verbal jousting between the United States and Russia, it appears that the Russian commitment to peace with the Ukraine is either not their intention, or not entirely within their control. Either way, the Ukraine has now resumed operations to neutralize the Russian-sponsored terrorists who have killed and tortured two Ukrainians, including a local politician, in cold blood. It’s remarkable how quickly the situation has evolved from comfortable if uneasy coexisten
Wednesday, April 23, 2014
Michael S. Rozeff - Lew Rockwell
What If the Crimeans Changed Their Minds? 
It’s easier to raise questions than it is to answer them. My brief answers are merely indicative of a direction an answer might take, but I’d expect many possible more elaborate answers. If tomorrow the Crimeans changed their minds and decided to join Ukraine, would Russia’s owners and operators let them? Probably not, no more than any state’s owners and operators are willing to see its territory diminished. Why did the Crimeans decide to join Russia? What benefits or avoidance of costs did they
Monday, April 14, 2014
John Browne - Euro Pacific Capital
Investors Ignore Frightful Geopolitics 
When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and has largely shrunk from her primary responsibility of neutralizing the ambitions of petty dictators around the world. From this perspective, America's multi-generational expenditures on military personnel and equipment has become more o
Thursday, April 17, 2014
Ron Paul
Another Phony Budget Debate 
Anyone watching last week's debate over the Republican budget resolution would have experienced déjà vu, as the debate bore a depressing similarity to those of previous years. Once again, the Republicans claimed their budget would cut spending in a responsible manner, while Democratic opponents claimed the plan's spending cuts would shred the safety net and leave vital programs unfunded. Of course, neither claim is true. The budget does not cut spending at all, and in fact actually inc
Monday, April 14, 2014
Michael Pento - Delta Global Advisors
Fed Rigs Markets, Not the Flash Boys 
There's been a lot of attention being paid to high frequency trading (HFT) as of late. The question has been raised as to whether or not HFT rigs markets. It is true that HFT adds nothing to GDP and is simply a legalized form of high-tech front running. However, the real problem with the stock market -- and the economy as a whole -- isn't the fact that HFT skims pennies off transactions from institutional traders; but rather that the Fed has rigged interest rates and asset prices to
Tuesday, April 15, 2014
Steve Saville - Speculative Investor
US Monetary Inflation Slowdown
On the US monetary inflation front, the news is that there isn't much in the way of news. As depicted below, the year-over-year rate of TMS (True Money Supply) growth hit a 5-year low of around 7% at the end of last year and has since edged a little higher.There are only two ways that money can be added to the US money supply. The first is via Fed asset monetisation, which is how most new US dollars have come into existence since September of 2008 and how almost all new US dollars came into exis
Wednesday, April 16, 2014
Gordon Long - Market Analytics
Dohmen: What the Technicals Tell Us! Part II
Bert called the recent market weakness and sell off on CNBC Asia on March 23rd. He said it was going to be a race between Wall Street getting the backlog of IPO's out and the market caving in. He was very specific in identifying the extreme warning signals in the NASDAQ and Small Cap stocks and the identification of a key reversal on March 21st in the S&P. A key reversal day which he feels is always seen at major tops. Though
Thursday, April 17, 2014
Captain Hook - Treasure Chest
A Check In Every Mailbox Revisited
With further liberalization associated with everything from the earned income tax credit to tax-payer funded sex change operations for prison inmates, no matter how ridiculous, in one way or another the checks just keep coming, ?a check in every mailbox? if you will. Of course if you plan to run an increasingly socialistic and intrusive political system, masking the neo-fascism envisioned by the powers-that-be, then you need ever-increasing giveaways to keep the mob happy and distracted, because
Monday, April 14, 2014
Wolf Richter
I Just Got PayPal’s New Absolutely-No-Privacy-Ever Policy 
Sunday, when people had other things to do and weren’t supposed to pay attention, PayPal sent its account holders an innocuous-sounding email with the purposefully bland title, “Notice of Policy Updates.” They didn’t want people to read it – lest they come away thinking that the NSA, which runs the most expansive spying dragnet in history, is by comparison a group of choirboys. The email started with corporate blah-blah-blah on privacy, that they were “constantly” changing things “to give you mo
Monday, April 07, 2014
  Think like a Giant 3 
"The things I tell you will not be wrong. Better to listen, than to talk. Don't search for all the answers at once. A path is formed by laying one stone at a time." -The Giant from Twin Peaks "If you are searching for facts you will find them, but the items you find will not be true! Did you think that the high powered world of the LBMA would operate in a fishbowl for all to see? We cannot take what is on the outside as evidence for what is on the inside. To find the answer, work with ins
Wednesday, April 09, 2014
John Rubino - Dollar Collapse
When Earnings Disappoint In A Market Priced For Perfection
After today's market close there was a flurry of earnings announcements, some of which were way low. Not bad, mind you. In fact they were pretty good. But because Wall Street analysts were expecting more in order to justify current stock prices, the disappointments led to big price declines in the aftermarket: Google shares fall on earnings miss; IBM's on revenue miss SAN FRANCISCO (MarketWatch) -- Google Inc. shares fell in the extended session Wednesday after the company's q
Thursday, April 17, 2014
Ron Paul
  Ft. Hood: An Avoidable Tragedy 
Last week we saw yet another tragedy at Ft. Hood, Texas, as a distraught Iraq war veteran killed three of his fellow soldiers before killing himself. It is nearly five years after the last Ft. Hood shooting, where 13 people were killed. These tragedies are heartbreaking and we certainly feel much sympathy for the families of the victims. While there is much focus on the mental illness that appears to have driven many of these men to murder, what is left unsaid is the cause of the trage
Monday, April 07, 2014
Adam Hamilton - Zealllc
GDX Gold-Stock Benchmark
The American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance.Nearing its eighth birthday, GDX has even usurped the venerable HUI gold-stock index as this sector?s metric of choice in many circles.While GDX has advantages and disadvantages compared to the traditional HUI, it is an excellent gold-stock benchmark.But it still falls far short of individual stock picking.Gold-stock speculation and investment isn?t easy.Like any sector, it takes a grea
Saturday, April 12, 2014
John Browne - Euro Pacific Capital
Chinese Checkers with Gold Prices 
For decades many of us in the hard money world have speculated that cloak and dagger activity by large financial interests has played a large role in determining performance in the gold market. The focus of this alleged manipulation is believed to be in the London market, and has been widely referred to as "The London Fix." However those who have blown the whistle have been dismissed as alarmists, gold bugs, conspiracy theorists or worse. But recent revelations should bring us closer to the trut
Thursday, April 10, 2014
Jesse - Le Cafe Américain
  Martens: Ghouls of Wall Street - JP Morgan Bets BillIons On the Death of its Workers 
"Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas. The wealth of another region excites their greed; and if it is weak, their lust for power. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Robbery, rape, and slaughter they falsely call empire; and where they create a desolate wasteland, they call it
Monday, March 24, 2014
Bob Hoye - Institutional Advisors
Bull Markets Die Epicurean
The following is part of Pivotal Events that was published for our subscribers April 3, 2014. Signs Of The Times "Runs on rural Chinese banks as rules ease" "Regulators more tolerant of defaults" - Financial Post, March 26 "In one corner of the U.S. equity market, investor enthusiasm is exceeding the frenzy of the Internet Bubble. Small-cap shares [Russell 2000] have rallied for seven straight quarters, the longest stretch ever." - Bloomberg, March 24 "Too much
Saturday, April 12, 2014
Jesse - Le Cafe Américain
The Hare Psychopathy Checklist 
This is from sources on the web, and is based on Robert Hare's psychopathy checklist. 1. Look for glib and superficial charm. A psychopath will also put on what professionals refer to as a 'mask of sanity' that is likable and pleasant. 2. Look for a grandiose self perception. Psychopaths will often believe they are smarter or more powerful than they actually are. 3. Watch for a constant need for stimulation. Stillness, quiet and reflection are not things embraced by psychopaths. They need
Saturday, April 12, 2014
Pepe Escobar - Asia Times
Breaking bad in southern NATOstan

Tuesday, April 15, 2014