From GoldSilver.com http://goldsilver.com/ Fri, 24 May 2013 02:38:22 PST FeedCreator 1.7.2 http://economictimes.indiatimes.com/markets/commodities/gold-down-by-rs-20-on-sustained-selling-weak-global-cues/articleshow/20224595.cms on the other hand, silver coins maintained steady trend at Rs 75,000 for buying Thu, 23 May 2013 23:09:00 PST http://economictimes.indiatimes.com/markets/commodities/gold-down-by-rs-20-on-sustained-selling-weak-global-cues/articleshow/20224595.cms http://mises.org/daily/6436/Drowning-in-a-Liquidity-Trap note that ppl don’t ultimately pay for goods & services with money, but rather with the goods & services that they have produced Thu, 23 May 2013 22:51:00 PST http://mises.org/daily/6436/Drowning-in-a-Liquidity-Trap http://www.mineweb.com/mineweb/content/en/mineweb-exploration?oid=190746&sn=Detail 9% of 235 mines in the Raw Materials Group database (RMD) had ave cash oper costs higher than spot price Thu, 23 May 2013 22:23:00 PST http://www.mineweb.com/mineweb/content/en/mineweb-exploration?oid=190746&sn=Detail http://goldsilver.com/new/kyle-bass-bank-of-japan-s-2013-qe-dry-powder-only-1-of-govt-bond-market/ BoJ in the market every day but 2, since April 4th, trying to hold rates down... Thu, 23 May 2013 18:02:00 PST http://goldsilver.com/new/kyle-bass-bank-of-japan-s-2013-qe-dry-powder-only-1-of-govt-bond-market/ http://goldsilver.com/new/rothbard-s-82-zurich-speech-6-stages-of-the-libertarian-movement/ Murray is a natural teacher; casual speech & frequent humor makes for a beautiful read Thu, 23 May 2013 14:03:00 PST http://goldsilver.com/new/rothbard-s-82-zurich-speech-6-stages-of-the-libertarian-movement/ http://www.zerohedge.com/news/2013-05-23/guest-post-generation-x-inconvenient-era with 10,000 Boomers a day retiring and a 1:1 worker to recipient ratio, they expect much, much more Thu, 23 May 2013 13:46:00 PST http://www.zerohedge.com/news/2013-05-23/guest-post-generation-x-inconvenient-era http://www.zerohedge.com/news/2013-05-23/japans-words-advice-doomsayers-please-do-not-worry-and-maintain-fiscal-discipline Q. If Japan has a financial collapse, what will happen to its government bonds? Thu, 23 May 2013 13:30:00 PST http://www.zerohedge.com/news/2013-05-23/japans-words-advice-doomsayers-please-do-not-worry-and-maintain-fiscal-discipline http://www.24hgold.com/english/news-gold-silver-stable-prices-unstable-markets.aspx?article=4373454584G10020&redirect=false&contributor=Frank+Shostak&mk=1 CPI stable 1926-1929 (see chart), as Fed balance sheet growing 42% a year by Jun 1928... Thu, 23 May 2013 13:14:00 PST http://www.24hgold.com/english/news-gold-silver-stable-prices-unstable-markets.aspx?article=4373454584G10020&redirect=false&contributor=Frank+Shostak&mk=1 http://lewrockwell.com/napolitano/napolitano102.html an excellent, short read on the current events in Liberty Thu, 23 May 2013 12:58:00 PST http://lewrockwell.com/napolitano/napolitano102.html http://qz.com/87761/almost-a-quarter-of-americans-struggle-to-afford-food/ "deprivation is closer to that in Indonesia or Greece rather than Britain or Canada,” says Pew Research. Thu, 23 May 2013 12:53:00 PST http://qz.com/87761/almost-a-quarter-of-americans-struggle-to-afford-food/ http://goldsilver.com/new/jim-rickards-on-gold-qe-true-economic-outlook/ if you can only watch 1 news clip ... video set to start with Rickards Thu, 23 May 2013 12:26:00 PST http://goldsilver.com/new/jim-rickards-on-gold-qe-true-economic-outlook/ http://goldsilver.com/new/jim-grant-on-fed-qe-and-gold-is-money/ Jim discusses feds market manipulation and the fact that Gold is Money. Thu, 23 May 2013 12:25:00 PST http://goldsilver.com/new/jim-grant-on-fed-qe-and-gold-is-money/ http://www.commoditytrademantra.com/us-federal-reserve/fed-exit-strategy-the-mother-of-all-head-fakes/?print=1 it really doesn’t matter what Bernanke says. Talk from Fed officials about exit strategies is nothing more than a head fake: a way of convincing the markets that central banks are still in control, & that there’s nothing to worry about. The central planners have it all under control. Thu, 23 May 2013 08:22:00 PST http://www.commoditytrademantra.com/us-federal-reserve/fed-exit-strategy-the-mother-of-all-head-fakes/?print=1 http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and that raising interest rates or reducing asset purchases too soon would endanger the recovery. Thu, 23 May 2013 08:20:00 PST http://www.bloomberg.com/news/2013-05-22/bernanke-says-premature-fed-tightening-would-endanger-recovery.html http://www.peakprosperity.com/blog/81951/four-signs-were-back-dangerous-bubble-territory As the global equity & bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but also quite dangerous. Thu, 23 May 2013 08:18:00 PST http://www.peakprosperity.com/blog/81951/four-signs-were-back-dangerous-bubble-territory http://www.marketwatch.com/story/how-bernanke-blew-it-2013-05-22?mod=wsj_share_tweet No, the Fed officials stated, we’re not yet ready to tighten.…then he sure blew it when answering a question from Rep. Kevin Brady, Texas Republican who heads the Joint Economics Committee: So, are you going to tighten by Labor Day? After a few hems and haws, Bernanke replied, that depending on the data, the rate of bond purchases could slow “in the next few meetings.” Thu, 23 May 2013 08:15:00 PST http://www.marketwatch.com/story/how-bernanke-blew-it-2013-05-22?mod=wsj_share_tweet http://www.rickackerman.com/2013/05/why-even-talk-of-tightening-could-be-fatal/ Repeat after us: There is zero chance the Fed is going to tighten…zero chance…zero chance…zero chance. While we await the global economy’s all but inevitable collapse, one thing we absolutely need not fear is that the Fed will stop easing. Thu, 23 May 2013 08:14:00 PST http://www.rickackerman.com/2013/05/why-even-talk-of-tightening-could-be-fatal/ http://goldsilver.com/video/preparing-for-hyper-yen-flation/ The result of Japan's current monetary kamikaze will be a more pronounced depression leading to more lost decades and the impoverishment of its citizens. Thu, 23 May 2013 06:59:00 PST http://goldsilver.com/video/preparing-for-hyper-yen-flation/ http://goldsilver.com/new/sinclair-the-price-of-gold-must-never-embarrass-the-chairman-on-a-day-he-speaks-publicly/ The Gold banks still feel physical demand is an aberration that they, being all powerful & mighty, can extinguish by pounding paperless gold anytime it sticks its head up. This time they are so wrong. Wed, 22 May 2013 16:36:00 PST http://goldsilver.com/new/sinclair-the-price-of-gold-must-never-embarrass-the-chairman-on-a-day-he-speaks-publicly/ http://www.sovereignman.com/finance/try-this-experiment-yourself-11897/ “our tendency to grab hold of irrelevant and often subliminal inputs in the face of uncertainty... Wed, 22 May 2013 16:01:00 PST http://www.sovereignman.com/finance/try-this-experiment-yourself-11897/ http://news.goldseek.com/GoldForecaster/1369252800.php Gold would not need to be paid out, but its dollar or Yuan or Rouble equivalent, would be based on the currency value against gold at the time. As such, gold would act as the measure of value against which all currencies fluctuate. Wed, 22 May 2013 15:52:00 PST http://news.goldseek.com/GoldForecaster/1369252800.php http://www.thecommonsenseshow.com/2013/05/22/the-government-theft-of-retirement-accounts-has-begun/ If Treasury Secretary Jack Lew gets his way, Cyprus will look like a walk in the park compared to what’s coming because Cyprus was a beta test for the massive theft of private wealth which is on the horizon. Wed, 22 May 2013 15:35:00 PST http://www.thecommonsenseshow.com/2013/05/22/the-government-theft-of-retirement-accounts-has-begun/ http://www.businessweek.com/news/2013-05-21/hong-kong-police-investigate-mercantile-exchange-at-sfc-request HKMEx lost its trading license after failing to attract sufficient volumes as it competed with rivals such as the Chicago Mercantile Exchange and the London Metals Exchange, which was bought by Hong Kong’s stock-exchange operator last year. Wed, 22 May 2013 15:14:00 PST http://www.businessweek.com/news/2013-05-21/hong-kong-police-investigate-mercantile-exchange-at-sfc-request http://business.time.com/2013/05/09/mandatory-savings-accounts-are-coming-your-way/ The retirement savings crisis in America has brought us to this point: It’s a near certainty that mandatory savings accounts are in the future of anyone with a full- or part-time job. Wed, 22 May 2013 15:01:00 PST http://business.time.com/2013/05/09/mandatory-savings-accounts-are-coming-your-way/ https://twitter.com/JamesGRickards/status/337321683906084864 Print money. Create wealth effect in stocks & housing. Happy days. #Bernanke waited 4 yrs for this. Now he owns the crash. But he's leaving. Wed, 22 May 2013 14:58:00 PST https://twitter.com/JamesGRickards/status/337321683906084864 http://www.globalresearch.ca/systemic-breakdown-financial-bubbles-creating-conditions-for-new-crash/5335898 t is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008. Wed, 22 May 2013 14:51:00 PST http://www.globalresearch.ca/systemic-breakdown-financial-bubbles-creating-conditions-for-new-crash/5335898 http://truth-out.org/news/item/16529-why-austerity-kills-from-greece-to-us-crippling-economic-policies-causing-global-health-crisis The authors estimate there have been more than 10,000 additional suicides and up to a million extra cases of depression across Europe and the United States since governments started introducing austerity programs in the aftermath of the economic crisis. Wed, 22 May 2013 14:05:00 PST http://truth-out.org/news/item/16529-why-austerity-kills-from-greece-to-us-crippling-economic-policies-causing-global-health-crisis http://english.caixin.com/2013-05-17/100529326.html The G7 summit brought up too-big-to-fail (TBTF) financial institutions as a systemic risk to be addressed. The odds are low that any real reform will materialize. Removing this flaw could trigger a big global downturn. No major government has the stomach to go through with it. Wed, 22 May 2013 14:00:00 PST http://english.caixin.com/2013-05-17/100529326.html http://www.arabianmoney.net/us-stocks/2013/05/22/warren-buffett-ready-for-a-stock-market-crash-with-a-record-49bn-in-cash/ It’s always important with the world’s top investors to follow what they are doing, For example an investment by George Soros in a risky call option on GDXJ, the junior gold miners ETF, at a time when the headlines said he was abandoning gold Wed, 22 May 2013 13:53:00 PST http://www.arabianmoney.net/us-stocks/2013/05/22/warren-buffett-ready-for-a-stock-market-crash-with-a-record-49bn-in-cash/ http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10074737/BRICS-risk-sudden-stop-as-dollar-rally-builds.html These cycles of emerging market exuberance are as old as capitalism. They happened episodically all through the 20th Century, and all through 19th Century before that, usually ending with a cold douche. It should be no great shock if it happens yet again. Wed, 22 May 2013 13:45:00 PST http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10074737/BRICS-risk-sudden-stop-as-dollar-rally-builds.html http://www.reuters.com/article/2013/05/22/us-italy-economy-poverty-idUSBRE94L0AX20130522 Italy is the latest EU economy to collapse. It won't be the last. Wed, 22 May 2013 13:42:00 PST http://www.reuters.com/article/2013/05/22/us-italy-economy-poverty-idUSBRE94L0AX20130522 http://www.guardian.co.uk/business/2013/may/22/imf-uk-economy-verdict-eurozone-osborne The 'International' Monetary Fund continues to be a surrogate for US policy. The IMF wants the Bank of England to follow Bernanke's easy money policies. Wed, 22 May 2013 13:38:00 PST http://www.guardian.co.uk/business/2013/may/22/imf-uk-economy-verdict-eurozone-osborne http://www.timesofoman.com/News/Article-16068.aspx Japan's worsening trade deficit is the major reason why Japan resorted to money printing to bring down the value of its currency. Although the yen has fallen, Japanese exports continue to fall as well. Japan's economy is in very serious trouble. Wed, 22 May 2013 13:30:00 PST http://www.timesofoman.com/News/Article-16068.aspx http://goldsilver.com/new/doug-casey-s-primer-on-internationalization/ Political risk is minimized when you don't depend absolutely on any one particular country. Having all your eggs in one basket only makes it easier for someone to grab them all. Being internationalized makes it much harder for any particular government to control you. Wed, 22 May 2013 13:17:00 PST http://goldsilver.com/new/doug-casey-s-primer-on-internationalization/ http://www.tothetick.com/hyperinflation-10-worst-cases Inflation is hot property today, hyperinflation is even hotter! We’ve got that seen-it-all-before, been-there-done-it attitude. Here’s the top 10 list of worst cases in history. We’ll start with the worst first… Wed, 22 May 2013 12:21:00 PST http://www.tothetick.com/hyperinflation-10-worst-cases http://www.testosteronepit.com/home/2013/5/21/argentine-inflation-its-tough-when-all-you-get-is-lies.html The issue of inflation is complex everywhere. Official rates are disputed.There are different formulas and data sets, resulting in different rates, But nowhere is the issue as “complex,” infested with lies, and shrouded in obscurity as in Argentina. Wed, 22 May 2013 12:15:00 PST http://www.testosteronepit.com/home/2013/5/21/argentine-inflation-its-tough-when-all-you-get-is-lies.html http://www.zerohedge.com/print/474274 the Fed is explicitly forcing the market to hope for bad data to maintain gains as the gap between market and reality is now too large for a soft-landing; and 2) the Fed has explicitly admitted that it is the 'flow' not the 'stock' that matters Wed, 22 May 2013 11:50:00 PST http://www.zerohedge.com/print/474274 http://goldsilver.com/new/china-demand-drives-asian-gold-bar-premiums-to-record-highs/ Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies. Wed, 22 May 2013 11:32:00 PST http://goldsilver.com/new/china-demand-drives-asian-gold-bar-premiums-to-record-highs/ http://goldsilver.com/new/ndifferent-day-same-stuff-from-bernanke-landmann/ Laird Landmann, Group Managing Director at Trust Company of The West, reacts to Ben Bernanke’s testimony on Capitol Hill today. Wed, 22 May 2013 11:07:00 PST http://goldsilver.com/new/ndifferent-day-same-stuff-from-bernanke-landmann/ http://www.zerohedge.com/print/474268 It seems that the recent rise in interest rates, instead of the typical (pre-depression) behavioral tendency to make people nervous &rush to lock in low rates, has once again stalled any hope of an organic housing recovery occurring. What could possibly go wrong? Wed, 22 May 2013 10:39:00 PST http://www.zerohedge.com/print/474268 http://www.zerohedge.com/print/474263 For those Americans who will not be hired by Microsoft as a result of this decision, it is not nearly as exciting. But at least those unhired workers can take solace that their E*trade daytrading P&L is green for the day. Wed, 22 May 2013 08:36:00 PST http://www.zerohedge.com/print/474263 http://theeconomiccollapseblog.com/archives/americas-bubble-economy-is-going-to-become-an-economic-black-hole What is going to happen when the greatest economic bubble in the history of the world pops? The mainstream media never talks about that. They are much too busy covering the latest dogfights in Washington & what Justin Bieber has been up to. Wed, 22 May 2013 07:11:00 PST http://theeconomiccollapseblog.com/archives/americas-bubble-economy-is-going-to-become-an-economic-black-hole http://www.marketwatch.com/story/gold-edges-higher-ahead-of-bernankes-testimony-2013-05-22 Gold prices pushed higher on Wednesday after New York Federal Reserve President William Dudley said the economic outlook is still uncertain ahead of Federal Reserve Chairman Ben Bernanke’s testimony before Congress later in the day. Wed, 22 May 2013 06:35:00 PST http://www.marketwatch.com/story/gold-edges-higher-ahead-of-bernankes-testimony-2013-05-22 http://www.thegoldstandardnow.org/key-blogs/2087-bitcoins-are-not-virtual-gold# The classical gold standard is not in any way a form of subverting legitimate government law enforcement or even to "evade government scrutiny." The legal definition of the dollar, or any currency, as a fixed weight of gold is a simple matter of maintaining integrity in the key unit of account in order to create a climate of equitable prosperity. Wed, 22 May 2013 06:27:00 PST http://www.thegoldstandardnow.org/key-blogs/2087-bitcoins-are-not-virtual-gold# http://goldsilver.com/new/us-cracks-down-on-bitcoin-exchange/ The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. Wed, 22 May 2013 06:21:00 PST http://goldsilver.com/new/us-cracks-down-on-bitcoin-exchange/ http://goldsilver.com/new/obama-administration-enemy-of-disclosure-william-black/ "This administration, very early on, became an enemy of disclosure. It hates whistleblowers with a passion." Join Greg Hunter as he goes One-on-One with Professor William Black from the University of Missouri Kansas City. Wed, 22 May 2013 06:10:00 PST http://goldsilver.com/new/obama-administration-enemy-of-disclosure-william-black/ http://www.zerohedge.com/print/474239 BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE And since never is a litte longer than 2016/2017, at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it. Wed, 22 May 2013 05:58:00 PST http://www.zerohedge.com/print/474239 http://www.readtheticker.com/Pages/Blog1.aspx?65tf=1080_felix-zulauf-buying-climax-2013-05 If there is a down swing coming, then of course central bankers want gold down at a discount so they can buy cheaper than the rest of us. Wed, 22 May 2013 05:54:00 PST http://www.readtheticker.com/Pages/Blog1.aspx?65tf=1080_felix-zulauf-buying-climax-2013-05 http://goldsilver.com/new/jim-rickards-japan-s-taking-the-world-down-with-them/ Jim Rickards, Senior Managing Director at Tangent Capital, says the Bank of Japan's monetary easing policy is so aggressive they are forcing other central banks to cut rates. Wed, 22 May 2013 05:44:00 PST http://goldsilver.com/new/jim-rickards-japan-s-taking-the-world-down-with-them/ http://goldsilver.com/new/otterwood-observations-on-japan-may-2013/ Christine Hughes, President and Chief Investment Strategist, discusses details of Japan's radical monetary policy. Wed, 22 May 2013 05:35:00 PST http://goldsilver.com/new/otterwood-observations-on-japan-may-2013/