I myself am skeptical about zerohedge BUT I don't discount them as a reference. My references and toolsets go more into economic indicators, global economic strategy, and this unsustainable imaginary growth the US has/is experiencing. think of it like a train going up a steep hill with all the momentum it can ,until it reaches the top, from the engine view, it looks like its going to make it and then if you look from the middle back, you are very doubtful. All of my research points to the fact that other countrys want out of the dollar as a world currency reserve, maybe they will establish another 1 world currency....dunno, but it wont be the dollar, and we are going to catch hell in this country due to inflation bc of all the millions of dollars that have been printed and no one will be around to buy our unsustainable, unrepayable debt.
Money Has No Smell: How US Dollar Found Itself Backed by Drug Cartels
http://sputniknews.com/politics/20160514/1039623079/dollar-gold-oil-washington.html
And if they didn't know, now they know.
I already knew about the narco dollar esp after so much time overseas. its why we were.still are in Afghanistan for control of the opium and other rare earth minerals...there was a book about G.O.D. and how its tied to the US economy. G.O.D. = GOLD. OIL. DRUGS. I FORGOT THE NAME OF IT. but its a very enlightening book. those 3 are the 3 most lucrative commodities on the market and vitally important to the US bank and the financial system.
For those interested, Jim Willie in this interview explaining a lot of what's happening globally outside of MSM. I was sent this via text so don't have a website link
http://cfvod.kaltura.com/pd/p/19495..._36dcqiis/v/11/flavorId/1_ydscuhxe/name/a.mp3
http://cfvod.kaltura.com/pd/p/19495..._36dcqiis/v/11/flavorId/1_ydscuhxe/name/a.mp3
Pensions may be cut to 'virtually nothing' for 407,000 people
by Katie LoboscoMay 20, 2016: 2:03 PM ET
One of the biggest private pension funds in the country is almost out of money, and fresh out of options.
The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without government funding, the fund will run out of money in 10 years, he said.
At that time, pension benefits for about 407,000 people could be reduced to "virtually nothing," he told workers and retirees in a letter sent Friday.
In a last-ditch effort, the Central States Pension Plansought government approval to partially reduce the pensions of 115,000 retirees and the future benefits for 155,000 current workers. The proposed cuts were steep, as much as 60% for some, but it wasn't enough. Earlier this month,the Treasury Department rejected the plan because it found that it would not actually head off insolvency.
The fund could submit a new plan, but decided this week that there's no other way to successfully save the fund and comply with the law. The cuts needed would be too severe.
Read the rest here: http://money.cnn.com/2016/05/20/retirement/central-states-pension-fund/
or
407,000 Workers Stunned As Pension Fund Proposes 60% Cuts, Treasury Says "Not Enough"
http://www.zerohedge.com/news/2016-...und-proposes-60-cuts-treasury-says-not-enough
So does this mean I should start buying precious metals now?
Always a good time to buy metals. But I think with what's coming, gold will be good, but surprisingly silver and copper will be heavy hitters. I personally think gold has been overinflated for quite some time. But these analysts think it will skyrocket. I think it will go back to what it was some time ago, in the mid hundreds. It was 300-700 for a long time. But friends of mine argue saying it can't sustain that. I think it can if they reset currencies and gold is not the only asset coming to back these currencies, black gold (oil) is, along with other minerals in ground.
Gold is not as heavily a used commodity as silver and copper is. Just something to think about. But don't overlook putting some money into an acct held in other currencies that are more stable then USD as well. If you are in the US, imported goods will just rise, but think the US will get back to manufacturing here, but will take time.
Unlucky Combination of Risks: US Default Chance Hit 4-Month Highest
http://sputniknews.com/business/20160529/1040442441/risks-us-default-credit.html
http://sputniknews.com/business/20160529/1040442441/risks-us-default-credit.html
Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US
https://www.dollarvigilante.com/blo...elan-style-martial-law-will-soon-come-us.html
https://www.dollarvigilante.com/blo...elan-style-martial-law-will-soon-come-us.html
Great question. Patiently waits for someone to respond.
DOLLAR CRASHES WHILE GOLD AND BITCOIN SKYROCKET… AS THE “RECOVERY” LIE IS EXPOSED
JUNE 3, 2016 / JEFF BERWICK
It’s going to be a long weekend for those holding stocks and believing in the “recovery” lie.
Today, the US government released its jobs report and the market was expecting an additional 200,000 jobs in May. Instead, the number came in at a paltry 38,000.
One analyst, Naseem Aslam of Think Forex UK said, “The U.S. nonfarm payroll data was crazy and completely unbelievable and this is the last set of important data before the Fed meeting. When you look at the data set, it really boggles your mind because the unemployment rate has ticked lower. The productivity picture is even more confusing as it is not increasing.”
It can seem confusing IF you fell for the “recovery” story that the Federal Reserve, Barack “Peddling Fiction” Obama and the mainstream media have been peddling.
It’s not confusing to us. There was no recovery. And there won’t be. The only slight point of confusion is why the US government allowed these numbers to be released. They have free reign over making up nearly any number they can dream up. They’ve been doing that for decades.
As we’ve stated in the past, if you want to get a better gauge of real employment, this stat is the one to watch:
Unlike the employment number, the government and the Federal Reserve haven’t figured out how to manipulate this number yet. As can be seen, by this statistic, the US has been in a depression since the start of the millennium.
So, why did the government allow such bad job numbers to come out at this time? My guess is that the Federal Reserve needed a reason to not raise rates, as they know that even another 0.25% rate hike could burst the worldwide economy and potentially set off a crisis that would be unimaginable in scale. And, we believe the big crisis is planned to begin this fall, or perhaps somewhat earlier, maybe in August like last year.
And so, they allowed the bad jobs report to come out and now the Federal Reserve can use it as a reason for not raising rates, yet again.
The market immediately saw through it all, though.
Within minutes the US dollar took a massive dive by currency standards, falling one entire cent in just a few seconds.
Gold skyrocketed, rising 2.5% in a flash.
And bitcoin, which already has risen dramatically, by more than 25% in the last week gained another $30 in quick fashion on the news.
Gold stocks also soared, with one of our holdings, the Direxion Daily Gold Miners Bull 3X ETF (NUGT) rising 30% in just a few hours!
It was only yesterday, here at the TDV blog, that we posted an interview with TDV’s Senior Analyst, Ed Bugos, entitled “The US Dollar Is The Biggest Bubble On The Planet And Has Just Began To Pop.”
A day later and it looks like the US dollar has popped – and not in the right direction!
In that interview Ed outlined three myths that would soon be realized by the markets that will unhinge the US dollar.
The three myths are:
- The US economy is recovering
- The Federal Reserve will raise rates
- Foreign central banks are inflating faster than the Fed
https://www.dollarvigilante.com/blo...d-bitcoin-skyrocket-recovery-lie-exposed.html
Last edited:
H.R.5276 - 114th Congress (2015-2016): No Bailouts for State, Territory, and Local Governments Act | Congress.gov | Library of Congress
https://www.congress.gov/bill/114th-congress/house-bill/5276
Think this is an easy way to introduce martial law if and when shit hits the fan... My two cents
https://www.congress.gov/bill/114th-congress/house-bill/5276
Think this is an easy way to introduce martial law if and when shit hits the fan... My two cents
Bank Of Japan Board Member Warns Of "2003 Shock" Historic Bond Market Collapse
http://www.zerohedge.com/news/2016-...arns-2003-shock-historic-bond-market-collapse
http://www.zerohedge.com/news/2016-...arns-2003-shock-historic-bond-market-collapse
http://fortune.com/2016/06/06/janet-yellen-recession/
3 Signs of a Recession Janet Yellen Is Ignoring
The Fed Chair’s upbeat speech glossed over key warning signs.
Federal Reserve Chair Janet Yellen was upbeat on Monday in a speech at The World Affairs Council, where she largely dismissed the negative implications of Friday’s jobs report, which showed that the U.S. economy added just 38,000 new jobs, the worst monthly reading in nearly six years.
Yellen argued that while the disappointing report “bears close watching,” she maintained that “positive economic forces have outweighed the negative,” and that she expects that “further gradual increases in the federal funds rate are likely to be appropriate” in the coming months.
We won’t know until next week’s Federal Open Market Committee meeting how the sharp pullback in job growth affected the official Fed view of the economy, but Yellen’s speech suggests that she will make the case to her colleagues that not all that much has changed. After all, new applications for jobless benefits are at historically low levels, while the rate at which workers are quitting their jobs—usually a sign of worker confidence and labor-market strength—have reached pre-recession levels.
But what if these data are lulling the Fed into a false sense of security? Sure, businesses are not firing many people, but they’ve also cut back significantly on hiring and other expenditures, suggesting that confidence has declined considerably. Here are three charts that should have Yellen and the Fed thinking twice about raising interest rates this summer.
The rate of job creation is falling fast
The most disturbing part of Friday’s jobs report is not that the headline number was as low as it was, but that revisions to previous month’s estimates were revised downward to the point that there is now a clear trend of slowing job growth in the American economy.
Businesses aren’t investing in capital equipment, either
The decline in companies’ willingness to invest in people is matched by its lack of interest in investing in new capital equipment. This type of investment is essential to increasing worker productivity, and it offers a key signal of corporate confidence in its ability to increase profits.
ISM data corroborates payroll weakness
The payroll data coming from the Census Bureau is not only warning sign we’re seeing. Data from the Institute for Supply Management released Friday showed the growth in the services sector slowing in May, with the employment component falling into contractionary territory.
Yellen likely felt the need to not spook markets with an overly dour speech on Monday. But make no mistake about it, economic data released over the past week is beginning to paint a much bleaker picture of the U.S. economy than what we were seeing even just a month ago.
3 Signs of a Recession Janet Yellen Is Ignoring
The Fed Chair’s upbeat speech glossed over key warning signs.
Federal Reserve Chair Janet Yellen was upbeat on Monday in a speech at The World Affairs Council, where she largely dismissed the negative implications of Friday’s jobs report, which showed that the U.S. economy added just 38,000 new jobs, the worst monthly reading in nearly six years.
Yellen argued that while the disappointing report “bears close watching,” she maintained that “positive economic forces have outweighed the negative,” and that she expects that “further gradual increases in the federal funds rate are likely to be appropriate” in the coming months.
We won’t know until next week’s Federal Open Market Committee meeting how the sharp pullback in job growth affected the official Fed view of the economy, but Yellen’s speech suggests that she will make the case to her colleagues that not all that much has changed. After all, new applications for jobless benefits are at historically low levels, while the rate at which workers are quitting their jobs—usually a sign of worker confidence and labor-market strength—have reached pre-recession levels.
But what if these data are lulling the Fed into a false sense of security? Sure, businesses are not firing many people, but they’ve also cut back significantly on hiring and other expenditures, suggesting that confidence has declined considerably. Here are three charts that should have Yellen and the Fed thinking twice about raising interest rates this summer.
The rate of job creation is falling fast
The most disturbing part of Friday’s jobs report is not that the headline number was as low as it was, but that revisions to previous month’s estimates were revised downward to the point that there is now a clear trend of slowing job growth in the American economy.
Businesses aren’t investing in capital equipment, either
The decline in companies’ willingness to invest in people is matched by its lack of interest in investing in new capital equipment. This type of investment is essential to increasing worker productivity, and it offers a key signal of corporate confidence in its ability to increase profits.
ISM data corroborates payroll weakness
The payroll data coming from the Census Bureau is not only warning sign we’re seeing. Data from the Institute for Supply Management released Friday showed the growth in the services sector slowing in May, with the employment component falling into contractionary territory.
Yellen likely felt the need to not spook markets with an overly dour speech on Monday. But make no mistake about it, economic data released over the past week is beginning to paint a much bleaker picture of the U.S. economy than what we were seeing even just a month ago.
Automation Bro.
Machine learning is putting a lot of people out of jobs.
ML and AI will only accelerate job losses.
The old way of measuring the health of the economy has to change.
The conversation about being paid a living wage is about automation and the job losses that will occur.
Stocks climb, pushing the Dow Jones industrial average above 18,000
Stocks rose for the third day in a row Wednesday as machinery and mining companies traded higher. Oil prices also continued their rise, and stocks and oil prices are at their highest in almost a year.
Metals prices jumped as the dollar weakened. Also trading higher were makers of beverages and other consumer goods. That's because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won't last: The Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It's not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4%, to 18,005.05. The Standard & Poor's 500 index went up 6.99 points, or 0.3%, to 2,119.12. The Nasdaq composite advanced 12.89 points, or 0.3%, to 4,974.64. The S&P 500 and oil prices are both at their highest levels since July, and the Nasdaq hasn't been this high since Dec. 31.
Securities and Exchange Commission.
In other energy trading, wholesale gasoline rose 3 cents to $1.62 a gallon. Heating oil ticked up 3 cents to $1.57 a gallon. Natural gas was unchanged at $2.47 per 1,000 cubic feet.
Germany's DAX was down 0.7%, and France's CAC-40 shed 0.6%. Britain's FTSE 100 advanced 0.3%. Tokyo's Nikkei 225 gained 0.9%, and Seoul's Kospi advanced 0.8%.
U.S. government bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.70% from 1.72%.
Stocks rose for the third day in a row Wednesday as machinery and mining companies traded higher. Oil prices also continued their rise, and stocks and oil prices are at their highest in almost a year.
Metals prices jumped as the dollar weakened. Also trading higher were makers of beverages and other consumer goods. That's because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won't last: The Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It's not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4%, to 18,005.05. The Standard & Poor's 500 index went up 6.99 points, or 0.3%, to 2,119.12. The Nasdaq composite advanced 12.89 points, or 0.3%, to 4,974.64. The S&P 500 and oil prices are both at their highest levels since July, and the Nasdaq hasn't been this high since Dec. 31.
Securities and Exchange Commission.
In other energy trading, wholesale gasoline rose 3 cents to $1.62 a gallon. Heating oil ticked up 3 cents to $1.57 a gallon. Natural gas was unchanged at $2.47 per 1,000 cubic feet.
Germany's DAX was down 0.7%, and France's CAC-40 shed 0.6%. Britain's FTSE 100 advanced 0.3%. Tokyo's Nikkei 225 gained 0.9%, and Seoul's Kospi advanced 0.8%.
U.S. government bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.70% from 1.72%.
A Sign of Trouble? What is Behind Soros’s Jump Into Gold
http://sputniknews.com/business/20160611/1041179267/soros-buying-gold.html
http://sputniknews.com/business/20160611/1041179267/soros-buying-gold.html
The World Economy Looks a Bit Like It's the 1930s
http://www.bloomberg.com/news/artic...hes-hint-of-1937-38-redux-says-morgan-stanley
http://www.bloomberg.com/news/artic...hes-hint-of-1937-38-redux-says-morgan-stanley
You watching the futures? DOW down 700. Cause of Brexit markets going nuts globally. FTSE was down over 8%
Gold was up 100
Marc Faber: Investors are on the Titanic (but enjoy the ride anyway)
http://cnbc.com/id/103752226
http://cnbc.com/id/103752226
Belarus carries out denomination of its national currency
On the 1st of July, Belarus carried out denomination of it national currency – rouble. New banknotes of 5, 10, 20, 50, 100, 200 and 500 rubles, as well as coins of 1, 2, 5, 10, 20 and 50 kopeks will be put into circulation.
This is the largest denomination in the country’s history, as a result of which four noughts have been removed from the new Belarus banknotes.
According to the decree of the Belarus President, Alexander Lukashenko, the country’s residents will be able to exchange the old banknotes until the 31st of December 2016.
Since April, Belarussian shops have been indicating prices for goods both in “old” and “new” versions, so that the people will be able to gradually become accustomed to denominated ruble.
Residents of Belarus have also faced the changes in their bank accounts. On the 1st of July, “new” money emerged on the bank accounts automatically.
http://russianconstruction.com/news...ut-denomination-of-its-national-currency.html
On the 1st of July, Belarus carried out denomination of it national currency – rouble. New banknotes of 5, 10, 20, 50, 100, 200 and 500 rubles, as well as coins of 1, 2, 5, 10, 20 and 50 kopeks will be put into circulation.
This is the largest denomination in the country’s history, as a result of which four noughts have been removed from the new Belarus banknotes.
According to the decree of the Belarus President, Alexander Lukashenko, the country’s residents will be able to exchange the old banknotes until the 31st of December 2016.
Since April, Belarussian shops have been indicating prices for goods both in “old” and “new” versions, so that the people will be able to gradually become accustomed to denominated ruble.
Residents of Belarus have also faced the changes in their bank accounts. On the 1st of July, “new” money emerged on the bank accounts automatically.
http://russianconstruction.com/news...ut-denomination-of-its-national-currency.html
IMF says EU on brink of collapse, while euro currency may have to be scrapped
http://www.express.co.uk/news/world/687844/IMF-EU-brink-of-collapse-euro-currency-scrapped
http://www.express.co.uk/news/world/687844/IMF-EU-brink-of-collapse-euro-currency-scrapped
War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think
http://www.zerohedge.com/news/2016-...l-financial-situation-lot-worse-you-may-think
http://www.zerohedge.com/news/2016-...l-financial-situation-lot-worse-you-may-think
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