Breakaway Consciousness
Posts Tagged Capital Account
Rule – We’re At Risk Of A Spectacular Collapse Of Confidence
Posted by EndlessMemories in Economy, Finance, News on August 7, 2012
via: KingWorldNews
August 6, 2012
With virtually all markets trading higher today, King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule told KWN we are now at risk of, “… a spectacular collapse of confidence, circa 2008.”
Rule, who is now part of Sprott Asset Management, discussed the enormous problems the West faces. He also spoke about what investors should be doing with their money in this environment, but first, here is what he had to say about the problems the West faces: “We have a serious issue in the United States. At the federal level, the shortfall in the US is $85 trillion and that doesn’t include state and local debt. They are trying to deal with this issue by pumping money into the system.”
Rick Rule continues:
“If we have $85 trillion in net present liabilities at the Federal government level, how is it going to make it better by taking it up to $87 trillion or $88 trillion? I think you see this manifested in the market, Eric. The transaction would seem to be that the Fed, in some way shape or form, adds short-term credit to the banking system, and then convinces the banks to buy government securities.
There are a whole bunch of strange manifestations of this….
"currency wars", 2008, 2008 Collapse, Advice, algos, analysis, Austerity, Bail Out, Bank Crimes, Bank of England, Banking Crimes, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, Capitalism, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Complacency, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crisis, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economic Downturn, economics, Economy, EFSF, end the fed, Eric Sprot, Eric Sprott, ESM, EU, Euro, Europe, EUROPEAN UNION, FDIC, Fed, Federal Reserve, Fiat, Finance, Financial Crime, Financial Crisis, Financial Survival Network, FOMC Minutes, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, hedge, Hedging, HIGHER UNEMPLOYMENT, Housing, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Knight Capital, Lehman Brothers, Leverage, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Market Confidence, Markets, Max Keiser, MF Global, MFGlobal, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, Muni, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, PFGBest, Policies, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, reuters, Rick Rule, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Sprott Asset Management, Stable Money, Stimulus, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, The Fed, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Volatility, Wall Street, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Gone In Sixty Nanoseconds & Other “Knight-Time” Stories w/David Greenberg!
Posted by EndlessMemories in Economy, Finance, News on August 6, 2012
via: CapitalAccount
August 6, 2012
Welcome to Capital Account. Knight Capital, the market maker that lost a reported 440 million dollars off a “technical glitch,” will get a $400 million lifeline from investors to stay afloat. Today’s version of ‘Gone in 60 Seconds’ is more like ‘Gone in 60 Nanoseconds’ with the use of high frequency trading. So what purpose does this speed serve? Is there anything keeping a Knight Capital disaster from happening again, and what are the implications for the broader economy and the financial markets? Likewise, is there any benefit that high-frequency trading brings to the market as a whole, or is it just a race to the bottom for the retail investor? We ask commodities trading veteran and former NYMEX board member David Greenberg.
Also, we look at where regulators stand on high frequency trading as a new study questions the true risk of the SEC revolving door. Is the financial incentive simply not there for regulators, since anyone who actually understands the industry would rather work there for more money than go to a government agency? We ask David Greenberg, President of Greenberg Capital, if regulators are prepared to deal with high frequency trading.
"currency wars", 2008, 2008 Collapse, Advice, algos, Alyona Minkovski, Alyona Show, analysis, Austerity, Bail Out, Bailouts, Bank Crimes, Bank of England, Banking Crimes, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, Capitalism, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Complacency, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crisis, Crony capitalism, Currency, David Greenberg, David Morgan, Debt, Debt crisis, Demetri Kofinas, Depression, Dollar, Downgrades, Drachma, Economic Downturn, economics, Economy, EFSF, end the fed, Eric Sprot, Eric Sprott, ESM, EU, Euro, Europe, EUROPEAN UNION, Eurozone, FDIC, Fed, Federal Reserve, Fiat, Finance, Financial Crime, Financial Crisis, Financial Survival Network, FOMC Minutes, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Goldman Sachs, Greatest Truth Never Told, Greece, Greech, Gregory Mannarino, Gross Domestic Product, hedge, Hedging, HIGHER UNEMPLOYMENT, Housing, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Knight Capital, Kristine Frazao, Lauren Lyster, Lehman Brothers, Leverage, LibertyBlitzkrieg, Libor, Liz Wahl, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, MFGlobal, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, Muni, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, PFGBest, Policies, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, reuters, RoadToRoota, RT America, RTAmerica, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stimulus, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, The Alyona Show, The Fed, TheAlyonaShow, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Volatility, Wall Street, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Congress doesn’t care about the unemployment?
Posted by EndlessMemories in Economy, News on August 6, 2012
via: RTAmerica
August 6, 2012
With the 2012 electionscoming up in November, the economy seems to be on everybody’s mind. Senators claim they want to focus on jobs, but lawmakers have already gone on their summer break and have taken little action in the creation of jobs and stimulating the economy in the last couple years. So does Congress actually care about this issue? Nicholas Carnes of Duke University explains.
abby martin, Alyona Minkovski, Alyona Show, Anissa Naouai, Capital Account, Congress, Crisis, Demetri Kofinas, Economy, Jobs, Kristine Frazao, Laura Smith, Lauren Lyster, Liz Wahl, Marina Portnaya, RT America, RTAmerica, Sarah Firth, Segreated Accounts, The Alyona Show, TheAlyonaShow, TheBigPicture, Thom Hartmann, Unemployment
Eric Sprott Interview: Silver is Suppressed Or It Would Be $150 An Ounce
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 6, 2012
via: USAWatchDog
August 6, 2012
"currency wars", 2008, 2008 Collapse, Advice, algos, analysis, Austerity, Bail Out, Bank Crimes, Bank of England, Banking Crimes, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, Capitalism, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Complacency, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crisis, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economic Downturn, economics, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, Euro, Europe, EUROPEAN UNION, FDIC, Fed, Federal Reserve, Fiat, Finance, Financial Crime, Financial Crisis, Financial Survival Network, FOMC Minutes, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Greg Hunter, Gregory Mannarino, Gross Domestic Product, hedge, Hedging, HIGHER UNEMPLOYMENT, Housing, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Knight Capital, Lehman Brothers, Leverage, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, MFGlobal, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, Muni, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, PFGBest, Policies, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, reuters, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stimulus, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, The Fed, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, USAWatchDog, vigilante, Volatility, Wall Street, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Silver Update 8/05/12 – Unregulated Regulators
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 6, 2012
via: BrotherJohnF
August 5, 2012
"currency wars", 2008, 2008 Collapse, Advice, algos, analysis, Austerity, Bail Out, Bank Crimes, Bank of England, Banking Crimes, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, Capitalism, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Complacency, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crisis, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economic Downturn, economics, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, Euro, Europe, EUROPEAN UNION, FDIC, Fed, Federal Reserve, Fiat, Finance, Financial Crime, Financial Crisis, Financial Survival Network, FOMC Minutes, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, hedge, Hedging, HIGHER UNEMPLOYMENT, Housing, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Knight Capital, Lehman Brothers, Leverage, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, MFGlobal, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, Muni, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, PFGBest, Policies, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, regulators, Return, reuters, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stimulus, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, The Fed, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, Unregulated Regulators, US, vigilante, Volatility, Wall Street, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
BrotherJohnF – No QE Before Elections
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 6, 2012
via: AltInvestorsHangOut
August 5, 2012
In this podcast:
(1) We discuss the short term gold/silver markets.
(2) John talks about the whether we’ll have QE before the elections
(3) John discusses what the Knight Capital fiasco was all about
"currency wars", 2008, 2008 Collapse, Advice, algos, analysis, Austerity, Bail Out, Bank Crimes, Bank of England, Banking Crimes, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, Capitalism, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Complacency, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crisis, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economic Downturn, economics, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, Euro, Europe, EUROPEAN UNION, FDIC, Fed, Federal Reserve, Fiat, Finance, Financial Crime, Financial Crisis, Financial Survival Network, FOMC Minutes, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, hedge, Hedging, HIGHER UNEMPLOYMENT, Housing, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Knight Capital, Lehman Brothers, Leverage, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, MFGlobal, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, Muni, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, PFGBest, Policies, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, reuters, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stimulus, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, The Fed, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Volatility, Wall Street, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Don Coxe – Get Ready, Gold To Re-Enter The Financial System
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 6, 2012
via: KingWorldNews
August 5, 2012
Today King World News is pleased to share with its global readers the investment recommendations of 40 year veteran Don Coxe. Coxe believes, “This schizophrenic period of gold and gold stock valuation is unsustainable.” He feels very strongly that “Investors need to invest where the demand is—and will be for coming decades.”
Coxe, who is Global Strategy Advisor to BMO ($538 billion in assets), also warned, “We remain of the view that what might be the only way for the eurozone to assemble enough firepower to give credibility to the markets is for governments which have gold to use it to back very long-term convertible bonds.”
He also issued this critical warning: “The euro’s death throes could take a long time. The elites may try to drag down as many innocent victims as possible to deflect attention from themselves.”
"currency wars", 2008, 2008 Collapse, Austerity, Bank of England, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Don Coxe, Downgrades, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, EUROPEAN UNION, Fed, Federal Reserve, Fiat, Finance, Financial Crisis, Financial Survival Network, Financial System, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, HIGHER UNEMPLOYMENT, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Lehman Brothers, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
FRAUD & THEFT: Financial Crime is Now a Business Model – Ron Hera
Posted by EndlessMemories in Economy, Finance, News on August 5, 2012
via: SGTBull07 | SGTReport.com
August 5, 2012
"currency wars", 2008, 2008 Collapse, Austerity, Bank of England, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, EUROPEAN UNION, Fed, Federal Reserve, Fiat, Finance, Financial Crisis, Financial Survival Network, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, Hera, Hera Research, HIGHER UNEMPLOYMENT, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Lehman Brothers, LibertyBlitzkrieg, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, Michael Krieger, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, RoadToRoota, Ron Hera, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Ranting Andy on ‘Gold as Money’ and What to Do Now to Protect Yourself Before It’s Too Late
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 5, 2012
via: TheDailyBell
by: Anthony Wile
August 5, 2012
The Daily Bell is pleased to present this exclusive interview with Andy Hoffman (left).
Introduction: Andrew (“Andy”) Hoffman, CFA joined Miles Franklin as marketing director in October 2011. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics under the moniker “Ranting Andy.” Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. An archive of Andy’s “RANTS” can be found on the Miles Franklin Blog.
Daily Bell: Hi. Biographies about you are hard to find. Give us a sense of where you came from, how you ended up at Miles Franklin and what you do for them.
Andy Hoffman: I guess it’s because I’m so SECRETIVE. Just kidding. I’ve been writing publicly about precious metals for nearly a decade and am very candid about my beginnings. I’m from Long Island, New York but moved to Denver five years ago. I received my CFA 15 years ago, and worked on Wall Street from my first internship at Paine Webber in 1989 until I left the business for good in 2005. I was a bond broker at Cantor Fitzgerald for three years, a buy-side analyst/trader for two years and a sell-side analyst covering oilfield service stocks for seven, the last six at Salomon Smith Barney, where my team was one of the industry’s top-ranked for four straight years.
Fed up with Wall Street’s corruption – which I experienced first-hand at Salomon and its parent, Citigroup, and already 100% invested in precious metals (since 2002), I worked as an investor relations officer or consultant to several dozen junior miners for five years. All along (starting in 2003), I was writing FREE missives helping to educate people on the COLLAPSING global financial system, with my “Ranting Andy” moniker coined by Bill Murphy of GATA circa 2009.
In 2011, Miles Franklin’s founder – David Schectman – came across my writings and asked me to join his firm – one of the nation’s largest bullion dealers – as head of marketing. It is my calling in life and I love every aspect of the position.
Daily Bell: As director of marketing are you wedded to the idea of honest money or are competitive currencies a good step toward private monetary freedom?
Andy Hoffman: As noted above, I have been 100% invested in the sector since 2002, and over the past few years have converted ALL my mining shares to PHYSICAL bullion. It took me this long to fully understand that ONLY PHYSICAL gold and silver meet the criterion of “money,” as PROVEN by the fact that EVERY fiat currency in history has collapsed. Today will be no different, other than that we are in the ONLY period of history where ALL currencies are fiat. Thus, the implosion will be cataclysmic.
"currency wars", 2008, 2008 Collapse, Austerity, Bank of England, Bankrupty, Barclay Executive, Barclays, bernanke, Bix Weir, BLS, Bob Diamond, Bond Capital, Bonds, Bureau of Labor Statistics, business cycle, Capital Account, CDS, Central Banking, CFTC, Chris Duane, CME, Collateralized Debt Obligations, Commodities, Commodity Futures Trading Commission, Commodity Markets, Consumer Confidence, Corporate America, Corporations, Counterparty Risk, Credit Default Swaps, Crony capitalism, Currency, David Morgan, Debt, Debt crisis, Depression, Dollar, Downgrades, Economy, EFSF, end the fed, Eric Sprot, ESM, EU, EUROPEAN UNION, Fed, Federal Reserve, Fiat, Finance, Financial Crisis, Financial Survival Network, Fraud, Gerald Celente, Germany, Glass-Steagall, Gold, Gold Manipulation, Goldilocks, Greatest Truth Never Told, Greece, Gregory Mannarino, Gross Domestic Product, HIGHER UNEMPLOYMENT, HSBC, Hyperinflation, Inflation, Interest Rates, investing, Investors, Italy, Jamie Dimon, Jeff Nielson, Jim Sinclair, Jobs, John Embry, Jon Corzine, JP Morgan, Kerry Lutz, King World News, Lehman Brothers, Libor, London interbank offered rate, LTRO, Manipulation, Market Conditions, Markets, Max Keiser, MF Global, Mike Maloney, Monetary Policy, Money, Moody’s Downgrades, Moodys, New York, News, Oligopolies, Operation Twist, Peregrine, petrodollar, Ponzi Scheme, Portugal, Power, QE, Quantitative Easing, Raid, Rate, Recession, Recovery, Return, RoadToRoota, Saturation, SEC, Segregated Accounts, SGTBull07, SGTReport, Silver, Silver Doctors, Silver Manipulation, Smash, solvency, Spain, Stable Money, Stocks, Sub Prime Crisis, Swaps Market, TFMetals, TFMetals Report, Theft, Toxic Assets, Treasuries, UBS, Unemployment, United States, US, vigilante, Wealth Cycle, Wealth Transfer, whistleblower, White Collar Crime, Zerohedge, ZIRP, Zombie Banks
Conflicts & Pressure Points
Posted by EndlessMemories in Economy, Finance, News, Silver & Gold on August 5, 2012
via: 24HGold
by: Jim Willie CB
August 3, 2012
Some extremely powerful differentials in power are setting themselves up, in a manner never seen before in modern history. Those who dismiss the uniqueness of the situation are those who continually are surprised by events as they unfold. The pressure features the managers of the system, complete with corruption and fraud with official coverups in a never-ending sequence of crime scenes, pitted against the forces of justice and fair markets. Not a single fair market exists in USDollar terms. In pure Orwellian style, every single market has a US-based or London-based financial engineer at a control panel doing duty in price intervention. The Western defenders of the syndicate do not wish for the price structure to reflect the reality of physical shortage or the bounty of paper-based surplus, for the currencies to reflect true toxic value, and for the discovery price systems to reflect the raids of private accounts. The system is broken, and the pressure is building.
When young in school, the principles of entropy and enthalpy were introduced in chemistry classes. The ENTROPY was taught as the thermodynamic property toward equilibrium and dissipation. In layman’s terms it was the tendency for a system to seek greater randomness. Sometimes the dissipation comes from the scattered heat, but often the spread of physical items. Like smoke from a fireplace to spread about the neighborhood, like for the odor of nail polish remover to dissipate about the house or porch, like for the toys from a children’s playbox to relocate in every corner of the house, like for pet mice to scatter from a shoebox in a bedroom closet, like for the heat from a car engine to spread across the driveway and around the yard. Extend toward information to spread on grapevines about the office building.
The ENTHALPY was taught as a measure of the total energy of a thermodynamic system. It includes the internal energy, and the amount of energy required to contain a system by displacing its environment when establishing its volume and pressure. Enthalpy is a thermodynamic potential, which is layman’s terms can be thought of as the tendency for an object or system to seek its lowest potential energy. Like a tree toppling in the wind, like a group of items moving from the top of the stairwell to the bottom, like tattered roof parts falling to the ground, like wall ornaments hitting the floor during a storm or tremor. Extend toward a market removing its props, where all channels of data enter the room to effect change toward an equilibrium. Transfer the concept the the financial system. The lower potential energy comes from the extraordinary coils and loaded springs that hold the artificial price structure in place, even the information devices that distort truth.Enthalpy is more recently defined as the amount of heat content used or released in a system at constant pressure. Notice the rising heat within the current distorted financial system. Enthalpy is usually expressed as the change in enthalpy. The pressure in the financial markets is building. Heat is soon to be released in great volumes. The victim will be the USDollar, the USEconomy, the USTreasury Bond, and the price structures all held with great artificial forces. The system seeks the familiar randomness of fair equilibrium-based structures, not the 8am daily whack to the gold price from the London fix, not the regular 10am or 3pm rescue to the S&P500 stock index, not the regular ceiling placed on a 1% upleg in the gold price from capping efforts. The most prominent energy relief valve is the USTBond 10-year yield, which had moved below the 1.5% mark comfortably, as the Jackass forecasted. Its move toward 1.0% would signal systemic failure, as capital needs would give way to the vortex of the Black Hole of USTBonds described in May.
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