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Month: February 2015

Varoufakis Warns “Cloud Of Fear Over Europe Becoming Worse Than Former Soviet Union”

The cracks in the foundation, walls, and ceiling of the European Union are beginning to widen. During an interview with Italian State TV RAI3, Greek Finance Minister Yanis Varoufakis hinted at Greece's "New Deal for Europe" strategy (to be financed by the EIB) but it was the glimpse behind the curtain of EU solidarity that was most shocking as he explained, "Greeks don't have a monopoly on the[...]

Big Bang is Clearly in Play – Dominoes Starting to Fall in Debt Markets

by Martin Armstrong Armstrong Economics Just in case if you have not seen this, Big Bang is clearly in play. The dominoes are starting to fall! Obviously, bearish for the Euro broader-term, but will be interesting to see how the peripheral debt trades tomorrow. The ECB Press release emerged on a waiver of collateral regarding Greek Bonds. The Governing Council of the European Central Bank (ECB) [...]

Shocking Chart: The Global Economy Is About To Implode: ‘Inching Closer to… the Lowest Level Ever’

Mac Slavo February 5th, 2015 SHTFplan.com The Baltic Dry Index (BDI) is used by economists and stock traders alike as a leading economic indicator because it predicts future economic activity. The index tracks in US dollars and measures global supply and demand for commodity shipments among bulk carriers including raw materials like lumber, coal, metallic ores, and grains. What makes this[...]

Gallup CEO: “America’s 5.6% Unempoyment Is One Big Lie”

The biggest threat to a corrupt regime is when truth moves away from the "conspiracy theory" fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen. Posted first on LinkedIn The Big Lie: 5.6% Unemployment Here’s something that many Americans -- including some of the smartest and most educated[...]

Optimism vs Pessimisim – Martin Armstrong

by Martin Armstrong Armstrong Economics There is little doubt that we live in interesting times. However, it is not always doom and gloom. What you have to understand is there will never be any change or reform without the doom and gloom. We have to crash and burn in order to create what Joseph Schumpeter called Waves of Creative Destruction. [...] There was the Great Depression, which everyone [...]

Fed President Drops a Bombshell Yesterday: Fed Removed QE3 Too Soon

by Pam Martens and Russ Martens Wall Street on Parade The monetary policy arm of the U.S. central bank, the Federal Open Market Committee (FOMC), is getting hammered this week. On Monday, two researchers at the Federal Reserve Bank of San Francisco chastised the FOMC for effectively wearing rose-colored glasses since 2007 and getting the rate of economic growth mostly dead wrong. (More on that[...]

History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro

by David Stockman • February 2, 2015 Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s democratic sovereignty or it can desperately[...]

The Islamic State, Bitcoin and You

by James Rickards Daily Reckoning Recently I traveled to Tampa, Florida to meet with senior officers of the U.S. Special Operations Command (USSOCOM) in a secure location near their headquarters at MacDill Air Force Base. USSOCOM includes the Navy SEALS, DELTA Force, Green Berets, and other highly trained and specialized units operating under joint military command to carry out the most[...]

Lies, Damned Lies, and Central Bank Forecasts – James Rickards

by James Rickards Daily Reckoning The most dramatic battle yet in the currency wars took place last month. It was the financial equivalent of a Pearl Harbor sneak attack… “I find it a bit surprising that he did not contact me,” IMF Director Christine Lagarde told CNBC’s Steve Liesman that day, “but, you know, we’ll check on that.” You can almost imagine the conversation[...]

Is Real Estate Really Real? – Ownership Can Be Ephemeral

by Ramsey Su Acting Man Deflation is upon us. There is excess capacity in everything far in excess of demand. Every Central Bank in the world is devaluing its currency. The US alone added over $4 trillion to the Fed’s balance sheet. Abe has been going hog wild in Japan during the last two years. Euroland is finally joining us with a “me too” QE. Under these circumstances, it should be a[...]

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