Silver market is having some issues today. Click here.
And here from Jesse.
James Bond and Legos: two of groovygirl’s favorite things in one you-tube video!
You pay for detail, but here is the punchline:
- Inflation Remains Very Much a Threat
- April Year-to-Year Inflation: 1.1% (CPI-U), 0.9% (CPI-W), 8.7% (ShadowStats)
- CPI Decline Boosted Real Retail Sales, Re-Intensifying Recession Still Signaled
- April Housing Starts Showed Statistically-Significant Plunge
Latest from LEAP 2020 is out. Click here for detailed summary of their publication. This is an European perspective.
Layout of the full article :
1. World recession in sight
2. The banks’ doubtful business
3. Tax haven all hell
4. Neo-protectionism between regional blocs
5. Emerging nations’ strategy in gold
6. The Fed’s last bullets
7. Euroland : national unity governments and the ECB to the rescue
8. High risk strategies
If anyone is “shocked, shocked” in the next crisis meltdown that their funds are missing, it will not be because no one formally announced it.
No need to guess what will happen on the next CDS collapse. They will “bail-in” your money. Click here for the details.
It is clear that on the next crisis, Europe will collect bank accounts and brokerage funds and in the US, they will collect brokerage funds, 401ks, and pension funds.
Click here for Martin Armstrong’s latest blog post entitled Migration to Germany dated May 16, 2013.
groovygirl says: keep all this in mind if the powers that be make the same mistakes in setting up the new reserve currency as they did with the Euro.
Click here for Martin’s take on the Fed’s push upward of the Dollar, whether that was their intention or not. From May 13th.
Probably why Ben is leaving in 2014….
And here for the impact of higher interest rates.
From the link above:
The realization that the expansion of the money supply by the Fed has failed to create inflation has befuddled every standard domestic economic theory. They have failed to graduate to the global level where they must realize that the dollar has emerged as a international currency going beyond a mere reserve currency becoming the currency of choice since there is no rational alternative. The expansion of the money supply by the Fed has been absorbed globally. The idea of stimulating through purchasing government bonds that in theory would put money into the system has failed to comprehend that 40% of the bonds are held by foreign entities. Thus, the old theories are just antiquated and have led to a massive level delusion everywhere from economics, share markets, gold, to interest rates.
Interest rates under domestic theory will have to rise to save pension funds. The Fed will not see the global implications and the huge dollar shorts and a rise in rates will spark a massive short-cover rally in the dollar. With the German elections looking more perilous by the day come September, the future going into 2016 could be a massive rally in the dollar coupled with rally in the Dow Jones Industrials that could reach 17330, 18900, or 23,388 by 2015.75. If the central bankers screw it up as usual, they could create a Japanese type bubble on this one.
Just a fun blog post.
If you don’t believe in cycles, just look at the fashion industry. They NEVER have an original thought (although they would never admit that). It is always a repeat of history.
For proof: check out Carolina Herrera’s new fall 2013 line. Click here. These styles and prints looked like they stepped right out of the 1940′s. Complete with geometric print and fur trim!
And groovygirl couldn’t be more thrilled with this fashion trend repeat of the 40′s. Groovygirl also expects a return to the 1920′s for men and women with the release of Baz’s latest creation, The Great Gatsby. Even better fashion in gg’s mind.