Western World’s Perpetual Motion Ponzi Scheme To Collapse

"Today Egon von Greyerz warned King World News that the Western world is now fully engaged in a perpetual motion Ponzi scheme and a collapse is coming. Greyerz, who is founder of Matterhorn Asset Management, also said that propaganda will not save the West from what is coming. Here is what Greyerz had to say in this remarkable and exclusive interview: “Eric, the world is broke, and more and more individuals are broke or going broke. The reality now is that most individuals are one paycheck away from going under. These same people are also loaded with debt in many case. Students are also broke and they have massive loans but no jobs.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/28_Western_Worlds_Perpetual_Motion_Ponzi_Scheme_To_Collapse.html

Jim Sinclair - Gold Will Now Be Released To The Upside

"...Sinclair: “He’s absolutely right in what he said because there is a very quiet trend taking place where you see the reserves of gold rising, looking towards a 15% level. If you were to take a globe and get yourself a colored pencil and color in each country that has marked their gold to the market, you will understand why, eventually, even those that have manipulated us on the downside will be part and parcel with us on the upside.

Gold is the only tool that is able to balance the balance sheets of the offending deficit spending central banks. There is no other tool. Therefore, the tool (gold) will be used. Just as QE was the only tool to feign sovereigns as financially sound, gold is the only tool to bail them (central banks) out in the end. It’s simply a fact, a reality, and it cannot be denied.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/27_Jim_Sinclair_-_Gold_Will_Now_Be_Released_To_The_Upside.html

This Is How You Can Make A Fortune In Gold Right Now

"...“I think history is our guide, Eric. There have been seven or eight retrenchments in the current gold market, which of course began in the year 2000. So if you think about the bull market that we’re in, a move in gold from $250 to over $1,500, (as I said) there have been seven or eight retrenchments, and in every case gold has come back and retraced the retrenchment in fairly short order and gone on to make higher highs.

I am convinced that this will be the same thing...."

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/27_This_Is_How_You_Can_Make_A_Fortune_In_Gold_Right_Now.html

Buy Gold To Protect Against The Next Crisis

at http://marcfaberchannel.blogspot.com/2013/02/buy-gold-to-protect-against-next-crisis.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29

Gold and silver rebound/Silver OI remains stubbornly high at just under 155,000 contracts./jobless numbers increase/Philly index plummets/WalMart states that "we fell off the cliff

"Gold closed up 60 cents to $1578.60 gaining all the ground it lost in the access market. Silver gained 9 cents to $28.79. Today was a slow day in news. The real exciting news is the high OI in silver. The longs in silver are basically impervious to pain. They refused to buckle under the massive' not for profit' supply of non backed precious metals paper. The pound continues to buckle and remains in the 1.52 column while the Japanese yen again comes close to to 94 level to the dollar. In Europe France's manufacturing PMI continues to remain in the doldrums and this was followed by a poor service PMI. The entire Europe's PMI remains weak with Germany the only country above water.

In the USA jobless claims again rise. Wal- Mart reported their quarterly report but most investors were interested in what happened in February. The company suggested that due to the increase in payroll taxes, investors just had no extra money to spend and thus sales "fell off the cliff"
To confirm the above, the Philly Manufacturing index plummeted from -5.8 to -12.5..."

at  http://harveyorgan.blogspot.com/2013/02/gold-and-silver-reboundsilver-oi.html

Jim Rogers : There Will Be Wars Over Oil And Water

"Jim Rogers : “There will be wars east of the Red Sea over oil and wars west of the Red Sea over water.” - in an interview yesterday before giving a speech to the CFA Society of Atlanta ."

at http://jimrogers1.blogspot.com/2013/02/jim-rogers-there-will-be-wars-over-oil.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FWOHK+%28Jim+Rogers+Blog%29

China Will Have World’s Largest Gold Reserves In 2 To 3 Years

"Today acclaimed money manager Stephen Leeb told King World News that “... within the next 2 or 3 years China is going to be the largest gold holder in the world.” Here is what Leeb had to say: “Obviously the markets are to say the least a little bit jittery. The key here is not so much what the Fed said yesterday when they again discussed that they may consider cutting back on quantitative easing, but it’s really the context in which that was said.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/21_China_Will_Have_Worlds_Largest_Gold_Reserves_In_2_To_3_Years.html

Maguire - Stunning 225 Tons of Physical Gold Bought By CBs

"Today whistleblower Andrew Maguire told King World News that Eastern central banks have taken a massive 225 tons out of the physical gold market on this recent takedown. This is the first in a series of interviews with Maguire lifting the curtain on what is going on behind the scenes in the ongoing gold and silver war which continues to rage..."

at  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_Maguire_-_Stunning_225_Tons_of_Physical_Gold_Bought_By_CBs.html

The Food Threat to Human Civilization

"Humanity faces a growing complex of serious, highly interconnected environmental problems, including much-discussed challenges like climate change, as well as the equally or more serious threat to the survival of organisms that support our lives by providing critical ecosystem services such as crop pollination and agricultural pest control. We face numerous other threats as well: the spread of toxic synthetic chemicals worldwide, vast epidemics, and a dramatic decline in the quality and accessibility of mineral resources, water, and soils.

 

Resource wars are already with us; if a “small” nuclear resource war erupted between, say, India and Pakistan, we now know that the war alone would likely end civilization.

 

But our guess is that the most serious threat to global sustainability in the next few decades will be one on which there is widespread agreement: the growing difficulty of avoiding large-scale famines. As the 2013 World Economic Forum Report put it: “Global food and nutrition security is a major global concern as the world prepares to feed a growing population on a dwindling resource base, in an era of increased volatility and uncertainty.” Indeed, the report notes that more than “870 million people are now hungry, and more are at risk from climate events and price spikes.” Thus, measures to “improve food security have never been more urgently needed...”

at http://www.project-syndicate.org/commentary/human-population-growth-has-become-unsustainable-by-paul-r--ehrlich-and-anne-h--ehrlich#vJCbhmqep12C6iIw.99

The Road to Asian Unity

"Asia’s lack of institutions to ameliorate regional tensions is often lamented. But greater Asian unity may be arising by the backdoor, in the form of new and impressive infrastructure links.

 

Today’s efforts to expand regional infrastructure projects are all the more remarkable for linking even countries locked in diplomatic, and sometimes open, conflict. New bus routes between India and Pakistan may not make headlines, but they deliver a degree of normalcy to relations riddled with mistrust. Elsewhere, rail links between China and Vietnam, road developments connecting India and Bangladesh, and new ports, harbors, and pipelines in Myanmar and Pakistan are forging a new form of economic unity alongside the region’s manufacturing supply chains..."

at http://www.project-syndicate.org/commentary/asia--unifying-infrastructure-investments-by-jaswant-singh#iwBEjRXMIR8z3Tt0.99

Marc Faber - Major Bottom Forming In Gold But Stocks Shaky

"Today Marc Faber told King World News that a major bottom is forming in gold, but global stock markets are on shaky ground. Faber, who is author of the Gloom Boom and Doom Report, was speaking with KWN as the gold market was in the midst of being smashed on Wednesday. This is part I of a series of powerful written interviews that will be released today on KWN..."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/21_Marc_Faber_-_Major_Bottom_Forming_In_Gold_But_Stocks_Shaky.html

CITI: There's A Crisis Lurking In The Bond Market And No One Is Talking About It

"The Federal Reserve has revealed that it is considering scaling down and possibly even completely halting quantitative easing by the end of this year.
Whether or not the central bank will actually be in a position to do that in 2013 is one of the hottest debates in the market right now – but the 10-year U.S. Treasury yield has risen from an all-time low below 1.5 percent in July to its current levels, slightly above 2 percent, and that has people talking.
"It's the $64,000 question: What ends up bringing this down?" Citi strategist Michael H. Anderson told Business Insider.
As several members of the Federal Reserve ramp up the public dialogue surrounding financial stability, Anderson thinks they're looking in the wrong place.

In a recent note to clients, he wrote, "It’s more likely the excess that ultimately brings this cycle to an end is one that few are mentioning."

In aggregate, investors have poured a staggering amount of money – hundreds of billions of dollars – into bond funds over the past five years. They have been largely deterred from stocks as memories of the crash in 2008 continue to haunt the market.
That may all be changing as investors in mutual funds begin to open up their monthly statements and realize that their bond investments are starting to lose money.
What happens when investors start pulling money from these mutual funds, and the fund managers have to turn around and get rid of their holdings of corporate bonds?
No one knows for sure. This is an unprecedented situation. However, one thing is clear: that scenario could present a big problem..."

at  http://www.businessinsider.com/citi-bond-funds-to-spark-next-crisis-2013-2#ixzz2LT6l4K3Q

‘They Tell The French People Illusions and Lies.’

"France is in upheaval. Arguments erupt live on TV, demonstrations block the streets, strikes shut down plants, and threats of mayhem are part of the show [French Workers Threaten To Blow Up Their Factory]. The problem: an economy where businesses are suffocating under an obese public sector. Ever larger budgets have been the only source of economic growth. But now that model has run aground.

During the campaign last year, candidate François Hollande forecast that the economy in 2013 would grow 1.7%. Shortly after taking office, he shaved it down to 1.2%. Late last year, for the new budget, he chopped it to 0.8%.

And now that too has gone up in smoke. Foreign Minister Laurent Fabius guesstimated on RTL that growth would instead be 0.2% to 0.3%. And the goal of a budget deficit of 3%? It hasn’t been “abandoned,” Fabius said. But there’d be “a delay.”

The final vestiges of economic optimism are evaporating. Taxes have already been raised to absurd levels, and new tools are being implemented to crack down on tax fraud [read... Draconian Cash Controls Are Coming To France].

But the deficit still isn’t coming in line. Now the chopping block has been moved to the center. On it are child benefits. Instant hullabaloo..."

at http://www.zerohedge.com/contributed/2013-02-20/%E2%80%98they-tell-french-people-illusions-and-lies%E2%80%99

Unlimited Fiat Under Guise Of Currency Wars Sweeping Planet

"Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warns, “Unlimited creation of fiat currency under the guise of currency wars is now sweeping the planet.”...

Another amazing event that could have a monumental effect on our markets, economies and portfolios was a barely noticed warning coming from one of the main regulatory bodies in the United States, FINRA. The warning was about the risks and dangers of longer-term fixed income. We certainly agree with them, but it is extraordinary to see the power of the government behind that viewpoint....

“As we discussed last week, fixed income prices and interest rates act in opposite directions. Just like a seesaw, one goes up and the other one goes down. The FINRA announcement could very well be a critical “tell” as to the direction of interest rates. If they are issuing a warning, it could very well mean that the zero-interest rate policy (ZIRP) is finally coming to an end.

It makes sense. We have been arguing that ZIRP was devastating savers and retirement funds. Retirees and participants in 401K-type plans have been depleting their accumulated balances prematurely. Pension and endowment funds have been earning returns that will cause huge shortfalls or require huge contributions from their sponsors if continued for much longer. For example, the two major California public retirement funds, CALPERS and CALSTRS, recently announced horrendous actuarial shortfalls..."

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/20_Unlimited_Fiat_Under_Guise_Of_Currency_Wars_Sweeping_Planet.html

Despite The Smash, Big Picture For Gold Points To New Highs

"The following charts were put together exclusively for King World News by Kevin Wides, out of Switzerland. Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in key markets such as gold and silver. Note the minimum projected move for gold would take it to new all-time highs, despite the recent smash..."

at  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/20_Despite_The_Smash,_Big_Picture_For_Gold_Points_To_New_Highs.html

Comex Metals Option Expiration For Remainder of the Year - Hedge Fund Buying Metal Shares

"As a reminder, next Monday is the March option expiration for gold and silver at the Comex.

Here is an interesting blurb on the steps the government of India is taking to dampen gold imports: fractional reserve bullion. I wonder where they got this idea?

"The government recently stopped requiring gold-backed exchange-traded funds to hold physical gold in the amount of their sales. Instead, the funds will be allowed to deposit some gold with banks who in turn can lend it to jewelers, which in theory should reduce imports for a time."

India Cultural Demand Defies Gold Curbs

And there is this tidbit:

"SAC Capital Partners LP, a $20 billion dollar group of hedge funds founded by Stephen A. Cohen, quietly positioned itself in over $240 million dollars worth of gold, silver, and mining share investments during Q4 2012.

Of great interest is the structure of those positions. They are indicating, that the firm is expecting a massive spike in both gold and silver, as well as a staggering move higher in the mining shares."

SAC Puts $240 Million into Gold/Silver/Mining Shares Investments

As you may recall, it is Stevie Cohen's cohorts who are being frisked up for having traded on non-public information. Naw, couldn't be."

 

at http://jessescrossroadscafe.blogspot.com/2013/02/comex-metals-option-expiration-for.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29

Gold Has a Clear Advantage in Developing Global Currency War – Here’s Why

"There is an increasingly disorderly currency war going on out there, and the advantage of gold is clear– they can’t print it, they can’t default on it, and there will always be demand for it. Simply put, in the global currency wars, owning gold is like abandoning the battlefield altogether..."

at http://www.munknee.com/2013/02/gold-has-a-clear-advantage-in-developing-global-currency-war-heres-why/

When Gold Turns It Will Trade Violently To The Upside

"Today Bill Fleckenstein spoke with King World News about gold and global stock markets. Fleckenstein, who is President of Fleckenstein Capital, believes the gold market is at or near the end of the long correction. He also issued a warning about global stock markets..."

at  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/18_When_Gold_Turns_It_Will_Trade_Violently_To_The_Upside.html

Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910

"Proof there is no rebalancing in Europe is easy to find. For example, El Pais reports Spanish Debt Grows by €146 Billion.

What follows is a Mish-modified translation of the above Google-translation.

Key Points

• The public debt exceeded €882 billion at the end of 2012
• Debt Grew by €146 Billion in one year
• The increase in the first year of Prime Minister Mariano Rajoy is the largest ever recorded
• Debt-to-GDP is highest since 1910
• Interest expense is at record high

The Government and the Bank of Spain debt figures are chilling. Government debt broke records in 2012. In the first year of the Government of Mariano Rajoy, debt skyrocketed to €882 billion, a one year increased of €146 Billion. Never in the economic history of Spain's general government debt had increased so much in a single year. In five years, the debt has increased by €500 Billion, Debt is one of the major drags on the recovery of the Spanish economy..."

Debt to GDP


at http://globaleconomicanalysis.blogspot.com/2013/02/spanish-debt-grows-by-146-billion.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Read more at http://globaleconomicanalysis.blogspot.com/2013/02/spanish-debt-grows-by-146-billion.html#tThg6t8RFJkK15Gh.99

Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?

"If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006. The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt. The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore. So retail chains all over the United States are now closing up unprofitable stores. This is especially true in low income areas..."

at http://theeconomiccollapseblog.com/archives/retail-apocalypse-why-are-major-retail-chains-all-over-america-collapsing