“In a stunning move Citigroup (C) announced this morning that CEO Vikram Pandit and COO John Havens were resigning effective immediately. The departures come just one day after the big bank reported what was generally regarded as a strong quarter, sending the stock higher by 5% in Monday trading. Pandit also stepped down from Citi’s Board of Directors.”
Don’t guys like these normally plan a departure 6 months ahead of time ?
Citigroup CEO Walks Off With $260 Million After His Bank Loses 88 Percent Of Its Value
How To Play a Comex Default
“Tom Cloud: Late Friday afternoon a big client of JP Morgan requested delivery of 3.6 million ounces, which is 17% of all the registered inventory of silver (assuming it’s all really there). But only 1.6 million ounces were reported moved. A lot of people are asking where the rest of it is. If it wasn’t immediately available and the client allowed JP Morgan to move it in pieces, that’s another sign of very tight supply.”
U.S. SUFFERS HUGE GOLD DEFICIT AS RECORD AMOUNTS ARE EXPORTED TO SWITZERLAND, LONDON & HONG KONG
“In a stunning development over the first seven months of the year, the United States has run up a huge gold deficit as it has exported a record 424 metric tonnes of gold.”
ETF “Costs and Liabilities” Sees Investors Migrating to Physical Allocated Gold
“Gold ETFs have a very significant degree of counter party risk to the many counter parties such as the trustees and the many custodians and sub custodians. The ETF is a second rate form of paper gold in which one becomes an unsecured creditor of a trust rather than the outright, beneficial owner of allocated and segregated coins and bars.”
“Some of the largest hedge funds managers and most respected investors in the world such as Marc Faber, David Einhorn and Kyle Bass have all warned regarding the ETF and spoke of how they favour physical bullion.”
“Indeed, Bass has warned of the risk of a COMEX default due to the exchange not being able to fulfil its delivery commitments should even a small fraction of futures buyers decide to take delivery,”
Where will you be as a creditor to a bankrupt entity who are holding what you thought was your gold ? Completely screwed.
European Car Sales Crash Most In 2 Years But Q4 Earnings Hope Remains
“The Eurozone year-to-date is -10.5% with Cyprus (-19.4%), Greece (-42.5%), Italy (-20.5%), Portugal (-39.7%), and Spain -11.0%.”
After all the incentivised junking of perfectly serviceable cars a few years ago we are now hitting an air pocket in demand that was created.
Your Criminal Gov’t: Court strikes down CFTC regulation to limit extensive speculation
“Legal and lobying assault by finance sector blocks regulation of excessive speculation, will create higher prices for food and other commodities”
Except that it will allow the cartel to create lower prices for gold and silver.
Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas
Our World is Changing: Looking Beyond ‘the 2012′
American Extermination: Death for Sale in Every Aisle
“In a special report, Bloomberg Markets broke the story last week about paid food safety auditors that are basically paid to look the other way when inspecting food processing facilities. Every day, people are dying from unsafe practices while auditors are awarding gold stars to the people who are paying them.”
The American and British Governments Knew – Down to the Day – of the Coming Japanese Attack on Pearl Harbor … And Let It Happen
‘EU ban on Iran media step towards military intervention’
Third-party candidates’ debate takes the spotlight
“The 2012 presidential election is just 22 days away and many Americans have been inundated with campaign trail information from both candidates, but what about all the other presidential candidates? On Tuesday night, Mitt Romney and President Obama will go head-to-head once again, but a third party candidate debate is getting some much needed attention. Christina Tobin, founder of Free and Equal, joins us to discuss why she organized a debate for third party candidates and how the two party system is hurting America.”
I would rather watch Mitt Romney and Big Bird debate than watch the 2 chumps Obama and Romney.
9/11 trial transparency challenged
Declaring war on small scale pig farmers in Michigan
Operation Freedom – NDAA, Agenda 21, small farming, Big Agribusiness, Obama Care
“Topics discussed: National Defense Authorization Act ( NDAA), Agenda 21, sustainable development, the erosion of unalienable rights including property, inflation, financial contagion,debt, gold, revision of world’s monetary system, gold bullion, silver, hyperinflation, precious metals market manipulation, small farming, Big Agribusiness, Obama Care, Glenn Beck, Rationing of Care, Death Panels First Hour Guests: Dan Johnson – Founder, PANDA (People Against The tional Defense Act) www.pandaunite.org | Ann Barnhardt – founder Barnhardt Capital management (www.barnhardt.biz) Second Hour Guest: Mark Baker – Small farmer, Patriot, Owner Baker’s Green Acres Farm (www.bakersgreenacres.com)”
Why Does the Government Care so Much About Vaccinating You?
“The government cares about you being vaccinated. No, they don’t necessarily care about the negative effects of the vaccination or your concerns, but they do invest millions of dollars to ensure as many people as possible receive things like the flu vaccine every year.”
The Romney Men: 6 Filthy Rich Moguls Who Will Do Anything to Elect Mitt
(Police) Misconduct Prevention Workshop
““In spite of intercepting the package in transit, the police allowed the package to be delivered, and once the package arrived at the house, a SWAT team raided and held the mayor and his mother-in-law at gunpoint, and shot and killed his two Labrador retrievers, one while it attempted to run away.””
“By the way, USA Today has followed up on the research we cited last week on the number of SWAT raids that take place nationwide. From a mere 3,000 per year in the early 1980s, the number has exploded to as many as 80,000. That’s an average of 228 per day.”