Excerpted from Elliott Management's Paul Singer letter to investors, FAKING IT Nobody knows when reality will overtake the rhetoric, lies, phony statistics, wishful thinking, fake prices and tiresome poseurs pretending to be world leaders. The situation is universal, a consequence of incompetent leaders and careless (or ignorant) citizenry. Global problems are continuing to mount, along with[...]
Tag: federal reserve
Jim Rickards Exclusive Interview: The Fed Basically Still Uses LTCM’s Financial Models
By Henry Bonner Hi Jim. You have recently published Currency Wars and now The Death of Money. Are you expecting a global collapse of every currency? And if so, a collapse relative to what? I expect a collapse in the value of currencies relative to real goods, real assets and real services. This will happen to all currencies, not just the dollar. I don’t expect a word where people lose[...]
Silver Analyst Who Predicted Silver’s Crash to $15 Three Years Ago Says Massive Rally Coming
November 2, 2014 From SD report... Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses! Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle. Does the ONLY precious metals[...]
Most People Cannot Even Imagine That An Economic Collapse Is Coming
By Michael Snyder, on November 2nd, 2014 The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs. For the year,[...]
Deciphering the War Between Gold, Oil, and the US Dollar
by Frank Holmes The United States is doing better than it has in years. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, our highest ranking since before the recession. As heretical as it sounds, there’s a downside to America’s [...]
Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, “Buy Gold”
As presented at Zero Hedge... It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign[...]
QE Might Be a ‘Toxic Legacy’ Poisoning America – Financial Times
By John Morgan Uneasiness is mounting about what some analysts view as a "toxic legacy" left behind by the Federal Reserve's unprecedented quantitative easing (QE) program and the towering debt it is leaving behind. When the Fed unveiled its ultra-easy monetary policies 2008, the aim was to spawn so much liquidity that investors would be willing to venture out of safe harbors and into riskier[...]
Why the Financial and Political Systems Failed – Nomi Prins
Nomi Prins calls out the policy error deluxe that has been the topic of so much commentary at Le Café over the past few years. What is perhaps most striking is that this failure is so bipartisan in a time of contentiousness. It crosses not only parties but professions, from academics to politicians. As you know I have featured several articles and videos of hers as she introduces her latest[...]
These Government Agencies Want You In 401(K)’s. And Here’s Why.
by Paul Seymour, Director of TDV Offshore I woke up this morning here in the communist-leaning Little Italy which is Buenos Aires, and was hoping to find something to write about, and what did I see? An article entitled – Treasury and IRS Encourage Use of Annuities in 401(k) Plans. That’s the kind of title that just sets me to bein’ a tad skeptical. Excuse me for being a bit jaded, but[...]
Overt Repression – Australian Scholar Says Futures Markets Suppress Commodity Prices, Keep Producing Nations Poor
by Ed Steer Yesterday In Gold & Silver The gold price got sold down a few dollars right at the 6 p.m. EDT open on Sunday evening in New York. It rallied back to unchanged within a few hours, but all four attempts to rally above unchanged during the Monday trading session were met by a willing seller. Then, once the 1:30 Comex close was in, the not-for-profit seller[s] sold gold down some[...]