Beiträge von bullionbulls

U.S. government converts INFLATION into GDP

I have been adamant there will be no “2nd half recovery” in the U.S. economy this year. The residential real estate crisis continues to worsen, as foreclosures are still accelerating, and things won't get really bad until the spike in mortgage re-sets begins next year (see “U.S. mortgage crisis to get MUCH worse in 2010-11”).

The commercial real estate collapse has just started. U.S. banks have simply been “rolling over” hundreds of billions of dollars in bad debt, meaning there is a huge spike in refinancing requirements for this $6 trillion market – just as defaults are soaring to record levels. This market is about four times bigger than the sub-prime mortgage market, thus this will cause much more pain and losses on bank balance sheets than sub-prime losses, with U.S. banks having set aside nothing to cover these losses.

These are the same “stress-tested” banks that Tim-the-tax-cheat Geithner claims are “well-capitalized”...

Deutsche:

US-Regierung setzt Inflation BIP

...Zwar wird es keine US-amerikanischen "wirtschaftliche Verwertung", ich habe auch eingeräumt, dass ich voll und ganz davon aus, dass die US-Regierung zu berichten positiven BIP im Laufe dieses Jahres. Der Grund dafür ist, dass die US-Regierung das Gleiche tun, was sie alles getan hat, in diesem Jahrzehnt: Lüge über die Inflation und damit die Pumpe-BIP Lesung....

Zitat von Dr_Meyer

vielleicht war es nicht die Auction gestern,
sondern vorgestern:
in jedem Fall scheinen die Auktionen in dieser Woche nicht gut gelaufen zu sein:

CNBC;
"It was pretty poor underwriting and there has to be some concern somewhere in the Treasury about the inability to underwrite the supply," said John Spinello, Treasury bond strategist at Jefferies & Co in New York. "It's a little disconcerting to the market. It creates a negative psychology before the seven-year notes to be bid on tomorrow."

In fact, the most recent "TIC" report (capital flows into the U.S.) was also terrible, indicating that foreign governments have virtually stopped buying U.S. debt. Most of what the Treasury Department is able to sell is being bought by OTHER central banks. Without this "smokescreen" to FAKE demand for U.S. Treasuries, we would have seen ANOTHER huge spike in interest rates - and BIG plunge in U.S. bond prices.

However even other central banks have only a limited capacity to buy worthless U.S. bonds, so this is only a band-aid. The only REAL way to re-inflate the bond-bubble (for any length of time) is to create another "panic" and frighten people back into U.S. Treasuries. However, this implies at least a 2,000-point drop in the Dow - which would then set-off a "pension crisis" in the U.S. as pension-plans are already underfunded by several TRILLION dollars.

"Thats interesting, but I wonder: Here in Germany, there are plenty of house builders who then directly move into their own self-built house. Thats interesting, but I wonder: Here in Germany, there are plenty of house builders who then move directly into their own self-built house. These houses will never appear in the "new house sales" statistics I guess, even if contractor work is used. These houses will never appear in the "new house sales" statistics I guess, even if contractor work is used. What ist the situation in the US? What is the situation in the U.S.? If this is the same, couldn't it explain why more new houses are built than sold? If this is the same, it could not explain why more new houses are built than sold?"

(quoting X-ray1)

Hi X-ray1. In fact, I have a stock market acquaintance who (among other things) is a small, U.S. home-builder - so they do exist. Yes theoretically homes built to be lived in by the builder could account for part of this gap. However, given the scarcity of capital, I would be very surprised if there were many small, home-builders who could get financing for this right now. Also, the magnitude of the gap is simply too large. 200,000 small home-builders all building homes for themselves in one year? It simply is not possible.

As I pointed out in a question I got on another site, if many of these new "housing units" were, in reality, prison-cells, that could easily account for the entire discrepancy.

Deutsche:

Hi X-ray1. In der Tat, ich habe eine Bekanntschaft, die Börse (unter anderem) ist ein kleines, US-home-Builder - so es sie gibt. Ja, theoretisch Wohnungen gebaut werden, lebte in der Bauherr könnte für einen Teil dieser Lücke. Doch angesichts der Knappheit von Kapital, Ich würde mich sehr wundern, wenn es viele kleine, Home-Erbauer, der könnte sich die Finanzierung für dieses Recht jetzt. Auch die Größe der Lücke ist einfach zu groß. 200.000 kleine Home-Bauherren alle Gebäude Wohnungen für sich selbst in einem Jahr? Es ist einfach nicht möglich.

Wie ich in einer Frage, die ich habe auf einer anderen Seite, wenn sich viele von diesen neuen "Wohnungen" wurden, in Wirklichkeit, Gefängnis-Zellen, die leicht für die ganze Diskrepanz.

The TRUTH about U.S. housing numbers

“Purchases of new homes in the U.S. climbed 11% in the month of June”, trumpeted Bloomberg. Sounds good, doesn't it? “Sales increased to a 384,000 annual pace, higher than the forecast of any economist surveyed...” Oooh! Even better. I guess this means that the U.S. housing sector has hit a bottom!

Here's the problem. Exactly ten days ago, this is what Bloomberg (and the other propagandists) reported on U.S. new home starts: “The 3.6% increase brought starts to an annual rate of 582,000, the highest level since November...”
Since none of the media propagandists, none of the economic “experts”, and certainly none of the market sheep can manage to combine these two numbers together, let me do so.

In June, U.S. home-builders started construction on homes at an annual rate of 582,000, while selling homes at an annual rate of only 384,000. That's right, they are building more than 50% more units than they are selling...and this has been happening every month for nearly two years. In fact, for many months, U.S. home-builders were building twice as many units as they were selling (see “A Revealing Look at U.S. Housing Propaganda”)...

Deutsche:

Die Wahrheit über die US-Immobilienmarkt Zahlen

Im Juni, US-home-Bauherren begonnen Bau auf Wohnungen mit einer jährlichen Rate von 582.000, während der Verkauf von Wohnungen mit einer jährlichen Rate von nur 384.000. Das ist richtig, sie sind dabei mehr als 50% mehr Einheiten als sie verkauft werden, ... und das ist passiert jeden Monat fast zwei Jahren. In der Tat, viele Monate, US-home-Bauherren Gebäude wurden doppelt so viele Einheiten, wie sie verkauft wurden (siehe "eine aufschlussreiche Blick auf US-Immobilienmarkt Propaganda").

Hier ist eine arithmetische Frage. Was passiert, wenn US-Home-Bauherren bauen 50% mehr Einheiten verkauft, als sie jeden Monat? Das ist richtig, sie alle in Konkurs gehen...

Zitat von Edel Man

Moin

Schlechte Nachricht für Goldbären: Denn Indien hat erhebliche Einbrüche beii ihren Goldkäufen in diesem Jahr verzeichnet.
Ob das aber so bleibt, mag sehr bezweifelt werden....

"July 24 (Bloomberg) ? China may overtake India to become the world?s top gold consumer this year, the World Gold Council said, as the nation became the first of the major economies to rebound from the global recession.

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Edel Man, it is impossible to overstate the importance of the emergence of huge, retail demand for gold in China. In my next commentary, I discuss the many ways in which China has completely transformed the global gold market.

China replacing India as premier gold-consumer

"For several decades, Indian gold demand has dominated the global gold market, to the point where it's own consumption-cycle became the “seasonal” indicator for gold. As Indian “wedding season” began in the fall, gold typically experienced a surge in the price. Then, in the spring, as wedding season drew to a close, gold would reach its seasonal peak.

In late April or May, as Indian demand dropped off, so too would the price of gold (usually) begin to swoon. The price would bottom in June or July, trade sideways for a period of weeks or months, and then begin to show strength again as Indian demand returned, to begin a new “season”.

However, over the last year, the picture of global demand for gold has changed radically – in several ways. To begin with, apart from the 3rd quarter of last year (when Wall Street's take-down of global markets resulted in even gold going briefly lower) Indian gold imports have virtually disappeared..."

Deutsche:

Edel Man, es unmöglich ist, übersteigt die Bedeutung der Entstehung der großen, im Einzelhandel die Nachfrage nach Gold in China. In meinem nächsten Kommentar, ich über die vielen Möglichkeiten, in denen China hat völlig verändert die globale Gold Markt.

China Indien als Ersatz-Premier Gold Verbraucher

"...im Laufe des letzten Jahres, das Bild der globalen Nachfrage nach Gold hat sich radikal verändert - in mehrfacher Hinsicht. Zu Beginn mit, abgesehen von dem 3. Quartal des letzten Jahres (wenn die Wall Street-down der globalen Märkte führte auch in Gold geht kurz niedriger) Gold indischen Einfuhren sind so gut wie verschwunden..."

I would like to announce to everyone that we have created a dramatically new format on our site - which we consider much more "user friendly". I hope to see many of you there (same address), and (as always) would love to get feed-back from you on you impressions of our site.

bullionbullscanada.com

As I point out in this commentary, the “solution” in California for this year's “budget crisis” was to postpone doing anything about the budget-gap until next year.

The only thing which can prevent California from going bankrupt within the next 15 months is a huge bail-out from the federal government (through printing countless billions of more money).

California comes to cowardly Compromise

"...As for why next year's budget-crisis in California will be much worse than this year's crisis, I dealt with that in detail in a commentary a couple of days ago (see “Another State descends into Financial Crisis”). To begin with, the U.S. economy has lost about $2 TRILLION in spending-power. This incomprehensible drain from the U.S. consumer-economy has created a self-fueling downward spiral where less spending leads to retail sector lay-offs, which leads to even less spending, and then many more lay-offs..."

Deutsche:

Wie ich darauf hinweisen, in diesem Kommentar, der "Lösung" in Kalifornien für dieses Jahr der "Budget-Krise" wurde zu verschieben Sie etwas über die Budget-Lücke bis zum nächsten Jahr.

Die einzige Sache, die verhindern können, dass aus Kalifornien Konkurs innerhalb der nächsten 15 Monate ist ein riesiges Bail-out von der Bundesregierung (Druck durch unzählige Milliarden mehr Geld).

Kalifornien kommt zu feige Kompromiss

This next commentary shows the direct path to the collapse of the U.S. dollar, due to the overall economic collapse of the United States.

Another State descends into Financial Crisis

"...The overall problem is that with state revenues plunging by close to 1/3rd, and with costs for virtually all state social programs soaring in the U.S.'s Greater Depression, this spending-crunch at the state level is just beginning. Even if, the U.S. economy began some anemic “recovery”, the best-case scenario at the moment, all this would do is lessen the rate of revenue-declines for U.S. states – meaning another round of budget-impasses and spending cuts this time next year.

However, for many reasons there is zero possibility of a “U.S. economic recovery” either this year or next year. The mini-crises of individual states are merely part of a much larger and broader pattern. The problem is that the U.S. chose to turn itself into an unsustainable “consumer economy” (i.e. a borrow-and-spend economy). Because individual Americans are unable to borrow, this means they are also unable to spend..."

Deutsche:

Das nächste Kommentar zeigt den direkten Weg auf den Zusammenbruch der US-Dollar, aufgrund der allgemeinen wirtschaftlichen Zusammenbruch der Vereinigten Staaten.

Einem anderen Staat steigt in Finanzkrise

"...Der Sprung in den US-Ausgaben beläuft sich gegenwärtig auf rund $ 2 Milliarden pro Jahr. Diese Summe kann in den folgenden Kategorien. Erstens gibt es den Verlust von rund 500 Milliarden Dollar pro Jahr in der Heimat-Equity-Ausgaben. Auf dem Höhepunkt dieser Anleihe-Spree auf über 800 Milliarden Dollar pro Jahr. Nun, die Billionen von Dollar geliehen ausgegeben werden, das Haus, dass Eigenkapital als Sicherheit ist verschwunden, aber die Schulden bleiben..."

Zitat von Edel Man

Moin

Statt Edelmetalle und ihre Einlagerung kaufte MS geringerwertige Wertanlagen, bereits 2005.
Was MS kann, konnten und können auch andere Institute, ganz sicher.....

"..... The suit, filed in August 2005, alleged that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store.

But Morgan Stanley either made no investment specifically on behalf of those clients, or it made entirely different investments of lesser value and security, according to the complaint....."

http://uk.reuters.com/article/idUKN1228014520070612

Grüsse

Alles anzeigen

Edel Man, I (eventaully) found this important story myself. For me, the most important point here are the implications for bullion-ETF's.
For those who are foolish enough to be holding GLD or SLV (or most of the so-called “bullion-ETF's”), this should be the clearest “wake-up call” yet of the danger you are taking buying into these obviously fraudulent investments.

Morgan Stanley pays damages for Precious Metals Fraud

I have been warning people for several months not to confuse “bullion-ETF's” with actually owning real gold and silver (see “Bullion-ETF's: a multi-purpose scam”). In the case of silver, I've pointed out that it simply isn't possible that both the silver bullion-ETF's and the massive “short” positions at the Comex could be fully-backed since the two total more than 100% of existing inventories – with nothing left over for the other 95% of the world (see “History of Silver, Part III: inventories gone!”). What is important to note is that the bullion banks with those massive, short positions are alsothe custodians for most of the silver (supposedly) “owned” by the bullion-ETF's.

Now, this week we find out that one of the members of the U.S. financial crime syndicate has agreed to pay a multi-million dollar fine for pretending to buy and hold bullion on behalf of clients. This is not the first time that Wall Street banks have been caught engaging in bullion-fraud, and it won't be the last.

Deutsche:

Edel Man, I (eventaully), dass sie diese wichtige Geschichte mich. Für mich ist der wichtigste Punkt sind hier die Auswirkungen auf die Gold-ETF's.

Für diejenigen, die dumm genug, um Betriebs-oder GLD SLV (oder die meisten der so genannten "Gold-ETF's"), sollte dies das deutlichste "wake-up call" noch von der Gefahr, die Sie kaufen in dieser offensichtlich betrügerische Investitionen.

Morgan Stanley zahlt Schadensersatz für Edelmetalle Betrugsbekämpfung

Zitat von Edel Man

Moin

Statt Edelmetalle und ihre Einlagerung kaufte MS geringerwertige Wertanlagen, bereits 2005.
Was MS kann, konnten und können auch andere Institute, ganz sicher.....

"..... The suit, filed in August 2005, alleged that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store.

But Morgan Stanley either made no investment specifically on behalf of those clients, or it made entirely different investments of lesser value and security, according to the complaint....."

http://uk.reuters.com/article/idUKN1228014520070612

Grüsse

Alles anzeigen

Edel Man, I (eventaully) found this important story myself. For me, the most important point here are the implications for bullion-ETF's.
For those who are foolish enough to be holding GLD or SLV (or most of the so-called “bullion-ETF's”), this should be the clearest “wake-up call” yet of the danger you are taking buying into these obviously fraudulent investments.

Morgan Stanley pays damages for Precious Metals Fraud

I have been warning people for several months not to confuse “bullion-ETF's” with actually owning real gold and silver (see “Bullion-ETF's: a multi-purpose scam”). In the case of silver, I've pointed out that it simply isn't possible that both the silver bullion-ETF's and the massive “short” positions at the Comex could be fully-backed since the two total more than 100% of existing inventories – with nothing left over for the other 95% of the world (see “History of Silver, Part III: inventories gone!”). What is important to note is that the bullion banks with those massive, short positions are alsothe custodians for most of the silver (supposedly) “owned” by the bullion-ETF's.

Now, this week we find out that one of the members of the U.S. financial crime syndicate has agreed to pay a multi-million dollar fine for pretending to buy and hold bullion on behalf of clients. This is not the first time that Wall Street banks have been caught engaging in bullion-fraud, and it won't be the last.

Deutsche:

Edel Man, I (eventaully), dass sie diese wichtige Geschichte mich. Für mich ist der wichtigste Punkt sind hier die Auswirkungen auf die Gold-ETF's.

Für diejenigen, die dumm genug, um Betriebs-oder GLD SLV (oder die meisten der so genannten "Gold-ETF's"), sollte dies das deutlichste "wake-up call" noch von der Gefahr, die Sie kaufen in dieser offensichtlich betrügerische Investitionen.

Morgan Stanley zahlt Schadensersatz für Edelmetalle Betrugsbekämpfung

As I pointed out in my next commentary, with the U.S. government now officially refusing to bail out CIT Group – the primary lender to U.S. businesses – this clearly shows the “double-standard” of the U.S. government. Wall Street always gets bailed-out, while other banks only get help if it's convenient.

The other, more sinister interpretation of these events is the U.S. government already knows that Wall Street will be lining up for MORE hand-outs when the next “down-leg” begins for the U.S. economy – so they are saving all their bail-out dollars for Wall Street banks.

Collapse of CIT shows warped priorities of U.S. government

"When the U.S. government raced in to prop-up its Wall Street masters in 2008, the “justification” was that these institutions were “too big to fail”, and represented “systemic” risk. Both the banksters and government officials pointed out that this “systemic risk” extended into the broader economy – as if these banks failed it would mean the flow of credit to businesses all over the U.S. would be cut-off.

Since the U.S. government forked-over $10 TRILLION in hand-outs, loans and pledges, the Treasury Department, itself, has reported that Wall Street banks still cut their lending to U.S. businesses – helping to contribute to the biggest employment collapse in the U.S. since the Great Depression (and soon to be worse than that)..."

Deutsche:

Wie ich in meinem nächsten Kommentar, mit der US-Regierung jetzt offiziell die Ablehnung der bail-out CIT Group - die primäre Kreditgeber an US-Unternehmen - das zeigt deutlich, der "doppelten Standard" der US-Regierung. Wall Street immer bailed-out, während andere Banken nur Hilfe erhalten, wenn es bequemer.

Die andere, finstere Auslegung der Veranstaltungen ist es, die US-Regierung bereits weiß, dass die Wall Street wird Futter für mehr Hand-outs, wenn die nächste "Down-Leg" beginnt für die US-Wirtschaft - so sparen sie alle ihre Bail-out Dollar für die Wall-Street-Banken.

Zusammenbruch der CIT zeigt verzogen Prioritäten der US-Regierung

"...Jetzt hat die US-Regierung steht vor einem neuen Problem: das Scheitern der CIT Group. Diese Bank ist spezialisiert auf die Finanzierung US-Unternehmen. Wenn es nicht, es wäre die größte Bank-Scheiterns, weil die Wall Street Ponzi-System zusammengebrochen. Es wäre auch die erste Bank erhalten zu haben TARP Milliarden zu dürfen, gehen unter. Am wichtigsten ist, es ist klar, "systemische Risiko", denn diese Institution ist eine direkte und offensichtliche Pipeline von Krediten an die US-Wirtschaft (und die Millionen von Arbeitnehmern beschäftigen).

Was ist die Antwort von Tim-the-Steuer-Cheat Geithner, und die Treasury-Abteilung? Lassen Sie sie gehen unter. Mit anderen Worten, durch seine Taten, die US-Regierung hat einen echten Einblick in das, was es bedeutet, durch die "systemische Risiko": Nur Ereignisse, droht die Wall-Street-Banken-Oligarchie..."

Credit-risk spike means continued collapse for U.S. Economy

It's really very simple. In a credit-driven consumer economy, when consumers are defaulting at all-time record levels there is only one direction in which this economy can possibly move: down.

It has already been widely reported that all categories of U.S. loans are simultaneously defaulting at record levels (with the exception of commercial real estate, which is just starting its own crash). However, a report just released by credit bureau, TransUnion shows that things are about to get worse.

It's “credit risk” index for U.S. consumers just hit a new, all time-record. As this is a “risk” index, rather than a “default” index, this shows what is going to happen in the future, as opposed to what is taking place at the moment...

Deutsche:

Credit-Risk-Spike ist weiterhin Zusammenbruch für US-Wirtschaft

Es ist wirklich sehr einfach. In einer Kredit-driven Verbraucher Wirtschaft, wenn der Verbraucher in Verzug auf allen Ebenen-Rekord gibt es nur eine Richtung, in die Wirtschaft kann dies möglicherweise bewegen: nach unten.

Es wurde bereits darüber berichtet, daß alle Kategorien der US-Kredite in Verzug sind gleichzeitig auf Rekordniveau (mit Ausnahme von Commercial Real Estate, die gerade erst ihren eigenen Absturz). Jedoch nur einen Bericht, die von Credit Bureau, TRANSUNION zeigt, dass die Dinge noch schlimmer zu...

Sheep “frightened” back into U.S. Treasuries

This morning, Bloomberg wrote, “Bond investors across the country are snapping up 10-year Treasury notes as expectations for a U.S. economic recovery this year disappear [emphasis mine].” If it sounds like Bloomberg is reading from a script, it's because they are.

Here is what I wrote two months ago (see “U.S. Bond Bubble Bursts, bye-bye Equities Rally”), after it was clear that the U.S. Treasuries bubble had burst:

Now here's the question boys and girls: what does the U.S. government do when an asset bubble bursts? Correct! They try to re-inflate the bubble.

To figure out how the U.S. government plans to (attempt to) re-inflate this bubble all we have to do is look back to last fall – and see how they created this bubble, in the first place. The answer is clear: they started a panic.

Deutsche:

Schafe "Angst" wieder in US-Treasuries

...Was ist wichtig zu beachten, ist die phony, US-Aktien-Rallye wurde die betrügerische Buchführung der US-Finanz-Kriminalität Syndicate (siehe "FASB stark bewaffneten in Mark-to-Fantasy-Accounting") erlaubt, die meisten der Wall Street zu berichten Phantom " Gewinne ", Bernankes neuesten liegen über eine" US - wirtschaftliche Erholung ", mit massiven" Pumpen "der Märkte durch die US-Propaganda-Maschine.

Im Gegensatz dazu, wie ich in meinem vorherigen Kommentar, um den Menschen Angst wieder in US-Treasuries, "alles, was sie [die Propagandisten] zu tun haben, ist die Wahrheit über die US-Wirtschaft." Natürlich, Bloomberg wählte auf "Spin" Ereignisse etwas anders, Titelei eigene Artikel von heute morgen, "Treasuries Record Demand Damps Sorge, dass die Lieferung zu wachsen"...

$10 TRILLION in aid, and NO investigations

While arrogant Wall Street executives are once again beating their chests, bragging about the bonuses they plan on paying themselves, and proclaiming how they “don't need government help”, these are clearly people with memories almost as short as that of their victims, whom they scammed for trillions of dollars.

They have already forgotten the $10 TRILLION in hand-outs, loans, and guarantees bestowed upon them by their servants in government. Perhaps that's part of the reason they have “forgotten” their assistance. How many rich people remember the actions of their servants?

Of course, there could be another reason why the worst corporate criminals in history (see “U.S. bank-fraud SYSTEMIC and INTENTIONAL – William Black”) have already forgotten a mountain of aid which is roughly equivalent to the entire U.S. national debt. In what could be the biggest non-event in history, well over a year after the U.S. government showered Wall Street with the largest corporate hand-outs in history (as “punishment” for their misdeeds) there have been NO government investigations...

Deutsche:

$ 10 Billionen in der Hilfe, und der NO-Untersuchungen

...Während wir uns gesagt, dass das FBI hat viele strafrechtliche Ermittlungen, die sie arbeitet, keiner der US-Fülle staatlicher Stellen hat einen der Wall-Street-Betrugs-Fabriken. In der gleichen Zeit, dass die Obama-Regime ist grübeln Konsolidierung Regulierungsbehörde in einem kleineren Kreis der Aufsichtsbehörden, die nicht einer der Aufsichtsbehörden untersuchen, ein Multi-Billionen-Dollar-Ponzi-Regelung, die sich auf "ihren Watch".

Ich wurde aufgefordert, dieses Stück zu schreiben, nach dem Lesen einer Vanity Fair-Artikel über die AIG, die einen sehr sympathischen Konto eines der zu-big-to-Wall-Street-Spieler nicht, die in der Tat nicht - und in spektakulärer Weise. Die Regierung der Hand-outs, die erforderlich sind, um AIG flott (Trichter und Dutzende von Milliarden von Dollar in andere Betrug-Fabriken), die derzeit insgesamt mehr als $ 180 Milliarden (und mehr).

Doch, wie Vanity Fair Schriftsteller Michael Lewis beobachtet, "Zu keinem Zeitpunkt hat niemand in der US-Treasury-oder der US-Kongress, oder einen der verschiedenen staatlichen Behörden in New York hatte, dass die, nennen sie sich, viel weniger Besuch AIGFP [das Gerät, das im Mittelpunkt der AIG Zusammenbruch] - als, sagen wir, jemand, der wirklich neugierig zu erfahren, was genau passiert war es."...

The Fed Struggles to Maintain Powers and “Independence”

Ron Paul may have been locked-out of the U.S. presidential race by the corporate-controlled media, but he may have “the last laugh” - as he rallies Congress to take on the bankster-cabal known as the Federal Reserve. Clearly the rich-and-powerful are not amused.

Fed vice-chairman Donald Kohn was the mouthpiece given the task of defending this corrupt syndicate on Thursday. “Any substantial erosion of the Federal Reserve's monetary independence would likely lead to higher long-term interest rates as investors begin to fear future inflation,” said Kohn, in a Reuters article.

Quite an interesting claim. The Fed is a small group of private bankers, many of whom are not Americans. One would assume that if the U.S. government were to gain some small amount of control over this private cabal that this would be the beginning of “independence” for the Federal Reserve, not the end of it...

Deutsche:

Die Fed Kämpfe zu pflegen Befugnisse und "Unabhängigkeit"

...Die Fed ist eine kleine Gruppe von privaten Banken, von denen viele keine Amerikaner sind. Man würde davon ausgehen, dass, wenn die US-Regierung, um einige kleine Menge der Kontrolle über diese private cabal, dass dies der Beginn der "Unabhängigkeit" für die Notenbank, die nicht das Ende...

Zitat von auratico

Puru Saxena zu dem von ihm selbst praktizierten Rein und Raus:

It is my contention that we will get neither hyperinflation nor deflation.

Auratico, Puru Saxena is an intelligent person, but like many he continues to view the global economy as if the U.S. was still the “engine”. Even so, his analysis is still flawed. When he says he sees neither a lot of inflation or deflation in the U.S. over the short-term, he obviously isn't looking very hard.

U.S. home prices are still falling much faster than at any time during the Great Depression. The collapse (i.e. “deflation”) of the U.S. commercial real estate market has just begun.

Meanwhile, U.S. import prices are soaring, and since the U.S. imports most of its consumer goods (other than food), this must translate into significantly higher prices (i.e. “inflation”) for basic necessities. As for food, while the U.S. may produce most of its domestic needs, it is the other 95% of the world's population which determines food prices.

With grain inventories once again shrinking back toward critical levels, another wave of food-based inflation is obviously on the way. Meanwhile, the countless trillions in global “stimulus” must produce general, high inflation in stronger economies.

Deutsche:

Auratico, Puru Saxena ist eine intelligente Person, sondern wie viele er fort, um die globale Wirtschaft, wenn die USA immer noch der "Motor". Dennoch, seine Analyse ist nach wie vor mangelhaft. Wenn er sagt, er sieht weder eine Menge von Inflation oder Deflation in den USA über die kurz-, er ist offensichtlich nicht nach sehr stark.

US-Immobilienpreise sind noch nicht sehr viel schneller als zu irgendeinem Zeitpunkt während der Großen Depression. Der Zusammenbruch (dh "Deflation") der US-Immobilien-Markt gerade erst begonnen hat.

Inzwischen, US-Importpreise sind Segelfliegen, und da die Einfuhren aus den USA den größten Teil seiner Konsumgüter (außer Lebensmittel), dies muss sich in deutlich höheren Preisen (dh "Inflation") für die grundlegenden Notwendigkeiten. In der Gastronomie, während die USA können die meisten seiner nationalen Bedürfnisse, ist es die anderen 95% der Weltbevölkerung, welche Lebensmittel die Preise.

Mit Korn-Vorräte wieder schrumpft auf kritische Werte zurück, eine weitere Welle von Lebensmitteln auf die Inflation ist offensichtlich auf dem Weg. Inzwischen, die unzähligen Billionen in der globalen "Impulse" muss generell hohen Inflation in eine stärkere Wirtschaft.

It just keeps getting worse and worse for the U.S. housing market. With 20 MILLION vacant homes and U.S. apartment vacancies also headed toward an all-time record, this illustrates the point that MILLIONS of homes must be bulldozed in the U.S. before any “bottom” is possible (ever).
For any who have not read my many analyses of this market, this next piece brings together many of the “pieces of the puzzle”.

Apartment vacancies NEW nightmare in U.S. Housing collapse

"...Here's a rhetorical question for readers: what happens when apartment vacancy rates skyrocket? That's right, rental prices collapse. And when cash-strapped Americans can suddenly rent accommodations at very reasonable prices – and with a great selection – what happens to sales of homes? That's right, they go down..."

Deutsche:

Es wird immer schlimmer für den US-Wohnungsmarkt. Mit 20 Millionen US-frei Haus und Wohnung auch Stellenangebote der Leitung zu einer all-time record, dies zeigt die Tatsache, dass Millionen von Haushalten müssen Bulldozern in den USA, bevor eine "von unten" möglich ist (immer).

Für alle, die noch nicht gelesen haben meine vielen Analysen des Marktes, das nächste Stück vereint viele der "Puzzleteile".

Ferienwohnungen NEU Alptraum im US-Immobilienmarkt Zusammenbruch

"...Mit mehr als 20 Millionen freie Wohnungen in den USA, mit den Banken bewusst mit Millionen von Vorhaben aus dem Markt (siehe "Die Nachrichten über Distressing notleidende US-Eigenschaften"), mit US-Häuser immer noch deutlich über-Wert (in historischer Hinsicht), und mit US-Home-Baumeister Gebäude 50% mehr Einheiten als sie verkauft werden, jeden Monat, das ist nur ein weiterer Beleg dafür, dass die US-Immobilienmarkt noch nicht einmal begonnen Talsohle Prozess..."

A DIRE warning for the United States

Perhaps the U.K.'s leading economic commentator is The Telegraph's Ambrose Evans-Pritchard. Somewhat schizophrenic, Evans-Pritchard vacillates between pandering to the banksters of London and New York (along with their servants in government) and condemning them.

His July 4th commentary is an example of the latter. Evans-Pritchard supplies some alarming data (and astute research) which totally repudiates the noise from the U.S. propaganda-machine that an “economic recovery” is imminent.

Evans-Pritchard focuses on alarming unemployment data, and the efforts of governments (particularly the Obama regime) to hide the truth about this jobs-catastrophe. Regular readers will note that this has long been one of my own regular themes (see “Why lying about unemployment is so important” and “U.S. economy to lose 20 MILLION jobs this year”)...

Deutsche:

A DIRE Warnung für die Vereinigten Staaten

Vielleicht ist das Vereinigte Königreich zu den führenden Wirtschafts-Kommentator ist der Telegraph's Ambrose Evans-Pritchard. Etwas schizophren, Evans-Pritchard schwankt zwischen pandering der banksters von London und New York (zusammen mit ihren Bediensteten in der Regierung) und verurteilen sie.

Sein Kommentar 4. Juli ist ein Beispiel für die letztere. Evans-Pritchard liefert einige alarmierende Daten (Forschung und klug), die völlig lehnt den Lärm von der US-Propaganda-Maschine, die eine "wirtschaftliche Verwertung" steht unmittelbar bevor...

Dollar's Days of Dominance Dead

While it may not constitute the final “nail in the coffin”, India commemorated the 4th of July by joining China and Russia in announcing they were seeking “alternatives” to the U.S. dollar (as “reserve currency”). With yet one more “prop” removed from the gangrenous greenback, this left only the submissive Japanese as the last major holder of U.S. dollars who strongly supports its continued status.

Bloomberg reported Saturday that the economic advisor to Indian Prime Minister Manmohan Singh has publicly and explicitly recommended that India reduce the U.S. dollar component of its currency reserves. “The major part of India reserves [totaling $264 billion] is in U.S. dollars – that is something that's a problem for us,” said Suresh Tendulkar.
These remarks come only one day after China's former Vice Premier, Zeng Peiyan stated, “There should be a system to maintain the stability of the major reserve currencies.”

Several comments need to be made with reference to this remark. First, China commonly uses “voices” of those associated to but not in the government to indirectly reveal its thoughts on issues. Thus the fact that Zeng is a former Vice Premier should not be taken to mean that his remark is not indicative of the position of the Chinese government...

Deutsche:

For those who are interested, here is my own analysis of what could occur in the precious metals markets over the next several months. In my opinion, gold (and silver) “bulls” should seriously think about doing their fall buying soon, if the price of gold holds up for the rest of this month.

Two short-term scenarios for Gold market

"At the beginning of May, the usual chorus began that gold was about to have its annual spring sell-off. Those voices included not only the anti-gold cabal, but also a number of commentators inside the sector.

The prevailing “wisdom” was that since gold always sells off in the Spring that it must do so again. As is usually the case in the market, there was no actual analysis of why gold tends to sell-off in the spring – and if those conditions were present this year..."

Deutsche:

Für diejenigen, die interessiert sind, hier ist meine eigene Analyse, was man in der Edelmetall-Märkten in den nächsten Monaten. Meiner Meinung nach Gold (und Silber) "Bullen" sollte ernsthaft darüber nachdenken, die ihre Kauf bald fallen, wenn der Preis von Gold hält sich für den Rest des Monats.

Zwei kurzfristigen Szenarien für Gold Markt

Another Citigroup scandal

Yet another scandal was announced yesterday regarding U.S. fraud-factory, Citigroup. Last week, Citi announced it was temporarily suspending its mortgage securitization unit – after management “discovered” that it had never stopped buying and packaging fraudulent mortgages (i.e. mortgages lacking appraisal and/or income documentation). I suppose we should applaud management for its 'vigilance' – after all, it's only been two years since the U.S. mortgage Ponzi-scheme was revealed to the world.

This week, the Japanese government ordered Citigroup to cease “marketing of banking services to individuals for a month”, after the Japanese government discovered there were “inadequate internal controls” in place to prevent money-laundering...

Deutsche:

Ein weiterer Skandal Citigroup

...Diese Woche hat die japanische Regierung bestellt Citigroup auf, "Vermarktung von Bankdienstleistungen für Einzelpersonen für einen Monat, nachdem die japanische Regierung entdeckt, gab es" unzureichende interne Kontrollen "zur Verhinderung der Geldwäsche...