That iceberg which hit back in 2008 is coming back for a second slam or perhaps a different and larger iceberg.
China Interbank Market Freezes As Overnight Repo Explodes To 25%
CREATING TRILLIONS OF DOLLARS AND TRILLIONS OF DOLLARS AND TRILLIONS OF DOLLARS AND TRILLIONS OF DOLLARS SINCE THE GFC OF 2008 AND WE ARE NOW HAVING GFC 2.0
China’s Latest Credit Bubble Convulsions
“Serious Trouble Erupts In China’s Interbank Lending Markets”
Meanwhile paper gold is down to $1,310/oz but I expect the premiums on physical gold to blow out and physical shortages continue to develop and delivery delays to blow out.
In the short term gold and silver go down on the paper markets by 5-10% but in the longer term when this paper nonsense crumbles they are going up 5-10 fold. The banksters know it and I know it.
Those big queues all over the world, and especially in Asia, for physical gold and physical silver, I wonder how much bigger they have become today.
Bail-in of Western Banking System Officially Begins As UK’s Co-Operative Bank to Bail-in £1.5bn With 100% Losses!
“Less than 3 months later, the bail-in of the western banking system has officially begun, as the UK’s Co-Operative Bank is seeking a £1.5bn bail-in recapitalization with junior bond holders and investors (including pension funds) facing a complete-100% wipe-out on £370m of permanent interest bearing shares (PIBS) issued by the Co-op.”
Just warming up the Cyprus template? Eurogroup’s Dijsselbloem: Eurogroup stand ready to aid Portugal/ Ireland
MoD serves news outlets with D notice over surveillance leaks
DO WE LIVE IN A FUNCTIONING FREE SOCIETY ANY MORE ?
Nigel Farage – The Massive Plunge In Gold & Silver Markets
REALIST NEWS – BREAKING SILVER DROPS BELOW $20 GET READY TO BUY
4m40s “They destroy the price of the item that they want which is why the always getting everything for pennies on the dollar.”
5m “The same thing happened during the Great Depression. JP Morgan bought up all the banks for pennies on the dollar as they caused the stock market crash to begin with.”
Silver Makes Antibiotics Thousands of Times More Effective
11 Things You Need To Know About Silver Right Now
“5. And these lower paper prices are not going to bring on more production… The true cost of mining silver is much higher when you use real cash costs. Miners are not going to produce, only to sell at a loss. They will simply not produce, hold for higher prices or go out of business. Which once again might be part of the plan. If you are logical, this maybe part of the plan to buy these assets on the cheap before the collapse of the dollar.”
BUY THESE ASSETS ON THE CHEAP – CRIMINALLY, CRIMINALLY, CRIMINALLY CHEAP.
Stunning Volume On Gold & Silver Smash In Suspect Trading
“So they (bullion banks) have taken the opportunity that’s been provided by the cover from what would appear to be official intervention, in what I suspect is the Fed and possibly the ECB, to take the other side of that trade. Now they are extremely net long and that sets the stage, in addition to a very promising technical picture, for a very powerful rally as we look at next week, into July and beyond.”
Bernanke On Soaring Interest Rates: “We Were A Little Puzzled By That”
The Fed Has Lost Control Of Interest Rates — Ron Paul
The Deer Returns On Fears Bernanke’s Training Wheels Are Coming Off
“Stocks tumble, Commodities slide and Bonds crash, with the 5 year suffering the biggest intraday percentage jump in yields… ever! And why? Because Bernanke confirmed what everyone thought they knew, namely that the Fed will start tapering (how else can the Fed match the reduction in gross Treasury issuance at auction without taking over the private market entirely) eventually.”
Are some starting to realise that this is a bubble ?
Is this what stable markets look like ?
What the f**k have they done to these markets ?
The Fed Gets Exactly What It Doesn’t Want
“It’s safe to say that the Federal Reserve, along with everyone else who thinks of themselves as in charge of the economy, would like a world in which interest rates are low, the dollar is stable, jobs are plentiful and the government is free to borrow and spend whatever it takes to get every incumbent re-elected forever.”
“The problem is that the last part – freedom to borrow with impunity – is, in the long run, incompatible with the other stuff. And we’re now living in the long run , which is to say the real world. Everything from here on out is a trade-off. Continued debt monetization will push up rates rather than depress them. “Tapering” will smack a stock market addicted to a “Fed put”. So pretty much everything that comes out of Ben Bernanke’s mouth will send part of the financial system into paralytic shock. Eventually, EVERYTHING he says will traumatize ALL the major asset classes simultaneously. That will be both fun to watch and unbelievably chaotic and ugly.”
What the f**king going on ?
The crash, that’s what’s going on.
SocGen Taper Tantrum Post-Mortem: “FOMC On Track For September Tapering”
Liquidation Wave Sweeps Globe In Bernanke Aftermath
Chinese Bank Bailed Out Through PBOC “Targeted Liquidity Operation” Amidst Liquidity Crunch
Bank Of China Denies Default
Which means the bank of China did default.
More To Come
When Did Bernanke Lose Control?
“Taper On” Triggers Hindenburg Omen And “Risk Off”
This market is going in the crapper.
Collapse In Caterpillar North American Sales Not Helping Bernanke’s “Recovery”
“the second worst print in the past 3 years”
European Markets Plunge Most In 20 Months
Stocks Plunge As IMF Tells Greece To Plug Holes Or It Pulls The Plug
Turk – Financial System Now Headed Into A Massive Hurricane
Erik Voorhees: financial independence through gold and Bitcoin (and silver)
14m “Bitcoin has not been made illegal anywhere. I suppose some day it could be made illegal somewhere. We’ll see which tyrannical regime wants to prove it’s the most tyrannical by outlawing it first. Maybe it will be the U.S., maybe it will be China.”
23m “Meanwhile the Titanic sinks and the monetary systems of the world are falling apart … So have we hit the iceberg already or are we just close to it ? … I think fiat currencies hit the iceberg long ago. They’re sinking. You can measure them sinking because they’re continually losing value and that’s a process that’s not going to stop.”
24m15s “I think a lot of people stick with what they’re comfortable with and that means they’re going to go down with the Titanic.”
Are Non-Violent Protestors now Labeled “Terrorists?”
20s “’Terrorism as it commonly considered is the use of violence against civilians to achieve any number of political ends.”
Non-violent protestors are NOT ‘terrorists’, riot police attacking a non-violent human being ARE ‘terrorists’.
Taksim Square Protests: Turkish Police Attacking Children, Ignoring Geneva Convention
Violent eviction of Gezi Park gives rise to “standing protesters”
10s “There are now more than 450 people missing in Istanbul.”
3m “including children who had been tear gassed.”
THE LANGUAGE BEING USED BY ERDOGAN IS ABSOLUTELY OFFENSIVE.
HIS TURKISH GOVERNMENT HAS TO GO, HAS TO GO, HAS TO GO.
Turkish Unrest Could Encourage An Attack On Syria – Sheikh Imran Hosein
Embarrassing Photo Compares Obama’s Berlin Crowds
Twice As Many Turn Out at DC Tea Party Rally Than See Obama in Berlin
Angry Leaders in Ireland Ask REAL Questions About Obama and the G8
Belfast: Max Keiser introduces George Galloway
‘Yes We Scan’: Anti-wiretap activists protest as Obama visits Germany
“President Obama’s reception in the German capital, where he is on a whirlwind visit, could have been warmer. Demonstrators in Berlin showed what they felt about the revelations of Washington’s widespread surveillance program – of which Germany was among the top targets.”
NSA Agent Caught SNOOPING on Video by Tom Mabe
Obama attempts to defend NSA surveillance program in Germany in response to heavy criticism
“Sens. Ron Wyden (D-Ore.) and Mark Udall (D-Ore.), however, argued that the attacks the government has claimed were thwarted by PRISM “appear to have been identified using other collection methods.””
‘Brazil, Wake Up!’: Protesters Face Down Troops Outside of Stadium
“In Sao Paulo, over 50,000 people flooded the streets to join in the chorus of voices frustrated with a country which, they say, puts tourism and international events such as the upcoming 2014 World Cup and 2016 Olympics ahead of essential infrastructure and public interest.”
ESSENTIAL INFRASTRUCTURE AND PUBLIC INTEREST AND DON’T ANYONE TELL YOU THESE GUYS ARE ‘TERRORISTS’.
Philadelphia Schools Closing While A New $400 Million Prison Is Under Construction: Could It Be Worse Than It Sounds?
David Icke on the real background to Syria
10m55s “You create a madness that goes like this: We, NATO, have to go in and bomb the Libyan cities like Tripoli to protect the people from violence. You bomb the crap out of the place, you slaughter a mass of people, you destroy cities.”
HIRED MERCENARY ARMY IN LIBYA.
HIRED MERCENARY ARMY IN SYRIA.
HIRED MERCENARY ARMY IN (insert nation here).
Syrian Army Seizes Israeli Weapons from Armed Rebels near Border with Lebanon
Australian state passes law allowing un-immunised children to be banned from childcare centres
Despite Irrefutable Evidence of Toxicity and Death, Monsanto’s Friends at the EPA Raise Allowable Glyphosate Levels
“The EPA’s change of heart means that the the allowed glyphosate level in animal feed will rise to 100 parts per million (ppm) and 40 ppm in oilseed crops. Thankfully, there’s no need for us to worry because they’ve assured us that the new allowable levels are only “minimally toxic” to humans.”
Don’t worry, when you get sick you will be sold a pill to make you better.
Whats that ? You’d rather not be sick in the first place ?
What’s that matter with you ? We have to help the economy.
Voting Records for Special Election for the Florida House were Stolen Last Week
What criminals would bother stealing something they wouldn’t be able to fence ?