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| RATIOS & INDEXES |
| Gold / Silver | 61.43 |
| Gold / Oil | 14.35 |
| Dowjones / Gold | 11.12 |
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 | Crisis Watch |  |
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 | Rick Ackerman |
 Microsoft’s Slow Death  |
| I spent three hours online Friday with the Geek Squad’s best and brightest, attempting without success to fix two seemingly minor problems in Microsoft Outlook. The first is that Outlook has been forgetting the password every time it checks my e-mail server. This problem has been intermittent over the more than ten years I’ve used Outlook, a nettlesome glitch that has survived all versions, updates and security patches. Although there are thousands of web pages that purport to deal with the issuMonday, May 13, 2013 |
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 | Charleston Voice |
The Gods of the Copybook Headings Tell Us Why We Are Repeating History  |
| Because to repeat history is our human nature. We know not where we're going because we know not how we got where we're at. Trust me, read this poem and it will be with you the remainder of your life...CV
Proverbs 1:7 says, “The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”
There are times, perhaps rare or perhaps more common than we would admit, when an individual utters a saying that is prescient, even prophetic. Such a time and such an individuWednesday, May 15, 2013 |
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| Rick Ackerman |
| 1600-Point Dow Surge Looking Increasingly Likely |
| Based on the S&P 500’s brash behavior lately, effortlessly blowing past Hidden Pivot resistance points major and minor, we wrote here recently that the fuse could be lit for a 130-point explosion. That would be equivalent to a Dow move of about 1000 points – a spectacular surge, especially if it were to occur over a period of, not months but weeks. However, a coldly dispassionate look at the Dow’s monthly chart bolsters the case for an even bigger rally – a 1600-point moon shot. That would brinSaturday, May 18, 2013 |
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 | Mish - Global Economic Analysis |
| Hollande Asks ECB to Engage in Japanese Style Currency Debasement |
| French president Francois has had enough of austerity but claims he "cannot do it alone". The Financial Times reports François Hollande goes on ‘offensive’ over stalled EU economy.
François Hollande promised an “offensive” to bring “more growth and less austerity” to Europe as he launched a bid to resurrect his presidency.
Mr Hollande said the first priority of his second-year “offensive” was a four-point plan to “get Europe out of its torpor” – concentrating on combating youth unemployment aSaturday, May 18, 2013 |
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| Rick Ackerman |
 Obama Is No Richard Nixon |
| With new revelations of scandal surfacing almost daily, there are apt comparisons to Watergate, of course. But say this for Richard Nixon: at his worst, the man’s political ambitions never went much beyond stealing an election and settling an old score with the press. The political career of Barack Obama, on the other hand, has been animated by an overweening vision that seeks nothing less than the further enlargement of Big Government so that even the most ardent disciples of the New Deal mightMonday, May 20, 2013 |
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| Mish - Global Economic Analysis |
| Folly of Preserving the Euro at All Costs; Should France Lead Breakup of Euro? |
| The Local, a website with German news in English reports Economists warn against German euro exit.
“Even a believable rumour that Germany would exit the euro would result in a massive capital flight from the countries of southern Europe to Germany.”
The southern European banking system would then collapse, bringing down entire economies with them, Schmieding said.
The consequences for Germany would be severe. The crisis countries could no longer pay back their debt and Germany’s important exSunday, May 19, 2013 |
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| Rick Ackerman |
| Free Money for the Masses |
| We wrote here recently that Wall Street seems to be revving up for The Mother of All Blowoffs. The banks are evidently trying to stoke a mania of their own, judging from the mail we get each day. A typical batch now includes no fewer than three or four teaser offers to borrow money for practically nothing. Just today we heard from Wells Fargo (“Enjoy 0% APR on balance transfers for 15 months…”); Discovery (“Get a fresh start on your home loan. Refinance and lock into a rate as low as 3.09% APRFriday, May 10, 2013 |
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 | Graham Summers - Gains Pains & Capital |
| Could We Be Heading For Another 2008 Type Collapse |
| The media is jumping for joy over last week's US jobs numbers. But beneath the veneer of headline numbers lies a truly horrible economic reality.Let's have a look at the two key economies for the world: China and the US.For starters, China's recent economic data, as massaged as it is to the upside, is downright awful. China's PMI numbers were the worst in two years. Staffing levels in the Chinese service sector decreased for the first time since January 2009 (remember that year).China's LEI alsoWednesday, May 08, 2013 |
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| Mish - Global Economic Analysis |
| EU On Collision Course With Germany Over Tariffs; Yet Another Reason for UK to Exit EU |
| The threat by the EU to impose huge tariffs on solar panels from China has run into staunch opposition. The Financial Times reports Germany warns EU solar tariffs would be ‘grave mistake’
Germany’s vice-chancellor and economy minister put Berlin on a collision course with Brussels by warning that imposing anti-dumping duties on solar panels from China would be a “grave mistake”.
Philipp Rösler’s statement came as Germany’s leading manufacturing industry organisation also called for urgent negTuesday, May 21, 2013 |
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 | Philippe Herlin - GoldBroker |
| Interest Rates Manipulated to Hide Risks |
| By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
After the LIBOR scandal, are we witnessing the ISDAfix scandal? This time it’s not about interbank lending rates, but rather about interest rates for swaps. It is estimated that the ISDAfix is active in a $380,000Billion market, just about the same size as LIBOR... and it appears that it, too, is manipulated! The Commodity Futures Trading Commission (CFTC) is enquiring on the matter.
Whether it’s LIBOR or ISDAfix, raTuesday, May 14, 2013 |
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| Gordon Gekko |
| Nice Short Video Explaining The Fiat Money Banking System Scam |
| If this doesn't make it ABSOLUTELY CLEAR that our present banking and currency system is a theft enabling wealth redistribution scheme, I don't know what will. Hell, even a 3 year old should be able to understand it.Thursday, May 09, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
Shortage In Physical Gold As Western Ponzi Scheme Collapsing  |
| All around us the world economy is now declining at an alarming rate. The situation in southern Europe is disastrous, and that’s spreading to all of Europe as well as the rest of the world.
The world economy is starting to disintegrate. What we are entering nowSunday, May 05, 2013 |
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 | Jon Matonis - The Monetary Future |
 6 New Bitcoin Educational Resources |
| In the fast-moving Bitcoin world, it’s crucial to stay up to date
with the latest in educational resources and new media. The last two
months have seen an explosion in media attention and a desire for new
users to learn as much as possible about the global bitcoin economy. It
is within this spirit that I present the latest Bitcoin educational
resources to hit tTuesday, May 21, 2013 |
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 | Mike Maloney - Goldsilver |
| Canada Tightens its Grip on Bitcoin Trading |
| img
by Dawn, Gold & Silver Staff
Bitcoin, an anonymously digital currency, is an online virtual “barter good” that is currently gaining ground as an alternative to dollars and euros. Bitcoin recently “drew international attention through Cyprus’s banking emergency, its inclusion in the American financial regulatory framework, and increasing coverage.”
Bitcoins are generated electronically, and “the whole thing is run by powerful comThursday, May 02, 2013 |
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 | Mac Slavo - ShtfPlan |
| Ron Paul: “It’s A Worldwide Phenomenon; A Lot More Chaos Yet to Come” *Video* |
| On the heels of a scathing assessment by Nigel Farage on the economic conditions in Europe which he says will ultimately lead to violent revolution, former US congressman Ron Paul and well known investor Jim Rogers weigh in on the discussion.
Undeterred by those who fail to heed his warnings, Dr. Paul suggests that global economic conditions, spearheaded by out-of-control government policies in the United States, will continue to deteriorate until such time that the whole system comes unhinged.
Saturday, May 04, 2013 |
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| Mish - Global Economic Analysis |
| If the Shoe Fits, Don't Wear it; Instead Buy Two, Return One |
| Shoe stores are increasingly fed up with customers trying on pair after pair of shoes and not buying any of them.
Worried shopkeepers are increasingly frustrated by people they dub “fit-lifters” who use stores to find the best-fitting shoes before buying them online at a lower price says the Financial Times in Shoe stores sock it to online buyers.
If the shoe fits?.?.?.?but you don’t buy it, you could soon be tarred with the same brush as shoplifters by shoe store owners.
Bricks-and-mortarMonday, May 06, 2013 |
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| Mish - Global Economic Analysis |
| Shock and Awe: ECB Prepared to "Cope With Consequences of Negative Deposit Rates"; Dancing in the Da |
| As expected the ECB, cut its lending rate 25 basis points to 0.50%.
Yesterday, I suggested the ECB may try a "shock and awe" move. They did, just not the move anyone expected.
Instead, Mario Draghi said the ECB was Prepared to "Cope With Consequences of Negative Deposit Rates".
Shock and Awe
Bloomberg reports Euro Falls as Draghi Open to Negative Rates; Dollar Strengthens
The euro fell for the first time in five days against the dollar after European Central Bank President Mario Draghi sFriday, May 03, 2013 |
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| Rick Ackerman |
| Thoughts on Bubbles and the Slippery Slope |
| [Our friend Doug Behnfield, the savviest financial advisor we know, says stocks are extremely vulnerable now but that long-term bonds, far from being in a bubble, are about to explode and send yields below two percent. He explains why in the letter below. It went out to clients in mid-April, and although the S&Ps have since continued their surreal rise into record territory, little else has changed. RA]
In many ways, 2013 has started off like 2012. Long term Treasury bond rates started 2012 at 2Monday, May 06, 2013 |
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| Mish - Global Economic Analysis |
| Australia Manufacturing Collapses as Commodity Supercycle Stalls; Labor and Unions Wrecked Australia |
| Australia fundamentals deteriorate rapidly as evidenced by a collapse in the PMI Manufacturing Index in April.
Key Findings
Manufacturing activity contracted significantly in April as conditions weakened amid a strong Australian dollar, intense import competition, high energy costs and weak local confidence.
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) fell 7.7 points to 36.7 on a seasonally adjusted basis. (Readings below 50 indicate a contraSaturday, May 04, 2013 |
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| Jon Matonis - The Monetary Future |
| Fincen's New Regulations Are Choking Bitcoin Entrepreneurs |
| More than a decade ago, regulators nearly suffocated PayPal. Now it looks like they’re trying to squelch another disruptive, innovative payments system.
At least three exchanges in the U.S. that traded the digital currency Bitcoin have shut down, apparently as a result of guidance
issued last month by the Financial Crimes EnforcemeThursday, May 02, 2013 |
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