Category Archives: Financial

The price of gold has been manipulated. This is more scandalous than Libor

Posted on July 12, 2012 by DRenegade

it would appear that the Libor scandal at Barclays has acted to draw out more market figures willing to claim openly that organised price fixing has occurred in gold. Ned Naylor-Leyland, investment director at Cheviot, a British investment firm, had … Continue reading →

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Bloomberg or Zerohedge – Sorting Through the Propaganda

Posted on July 12, 2012 by DRenegade

Jobless Claims In U.S. Plunge On Fewer Auto Shutdowns – Bloomberg Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, reflecting the volatility of applications during the annual auto-plant retooling period. Applications for jobless benefits decreased by 26,000 … Continue reading →

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Full Frontal Of ECB’s ZIRP: Record €484 Billion Drop In Overnight Deposits

Posted on July 12, 2012 by DRenegade

A week ago, the ECB decided to lower its deposit rate to 0%. Today, we get the first real full frontal visual of what this really means, and how banks react under ZIRP. As the ECB just reported, overnight deposits … Continue reading →

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Food Price Spike Dead Ahead: US Cuts Corn Crop Forecast By 12% As 56% Of America Is Under Drought Conditions

Posted on July 11, 2012 by DRenegade

Who knew the next black swan would be deep fried? The biggest piece of  food inflation news over the past months, coupled with what is shaping up to be another record hot summer (for the best tracking of real-time electricity … Continue reading →

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Chart Of The Year: The Fed Has Doubled The S&P Admits… The Fed

Posted on July 11, 2012 by DRenegade

Prepare to have your minds blown courtesy of what is easily the most astounding chart we have seen in a long, long time, prepared by the economists at the, drumroll, New York Fed, which finds that absent what the Fed … Continue reading →

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For the Nay-Sayers, This War Will Be Quite A Surprise

Posted on July 10, 2012 by LT

For those who insist that we will not go to war in the Middle East again, the coming events will be quite a shock.  The US already has Special Forces (Rangers, Pathfinders, SOAR, Delta, 10th Mountain, etc) in the AO, … Continue reading →

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France sells bonds at negative interest rate, the Netherlands and Austria are downgraded

Posted on July 9, 2012 by DRenegade

Who would invest their wealth at a negative rate of return? This happened today when French bonds were offered at a negative interest rate. Denmark increased their negative ROI last week. At this rate (pun intended), the European crisis will … Continue reading →

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Another MF Global?

Posted on July 9, 2012 by DRenegade

Update: PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized PFG Best has had all of their funds put on hold due to “some accounting irregularities”. See the announcement below dated July 9, 2012. … Continue reading →

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Scranton Mayor: Minimum Wage For All Or Become Stockton

Posted on July 9, 2012 by DRenegade

The infamous city of Scranton, PA has had financial troubles for a couple of decades – losing population since the end of WWII – but as NPR reported this weekend, the $16.8 million budget gap that Mayor Chris Doherty is … Continue reading →

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Why Economy Is Slowing: ‘Things Could Get Much Worse’

Posted on July 9, 2012 by DRenegade

The global economy is weak and getting weaker, due in large part to the same policies that helped bring the world back from the brink just a few years ago. Measures like lowering interest rates and creating money for central banks to … Continue reading →

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Japan Machinery Orders Implode As Global Economy Grinds To A Halt

Posted on July 8, 2012 by DRenegade

Japan’s core machinery orders were expected to post a modest -2.6% drop. Instead they had a worse collapse than anything seen in the aftermath of the Fukushima disaster, plunging by a stunning 14.8% . And the kick in the groin cherry on … Continue reading →

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Next week is the gold war

Posted on July 7, 2012 by DRenegade

“Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. … Continue reading →

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The Creature from Jekyll Island | G. Edward Griffin

Posted on July 5, 2012 by DRenegade

httpv://www.youtube.com/watch?v=04MPZgyhG5s From YouTube: G. Edward Griffin answers the questions of Where does money come from? Where does money go? Who makes money? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their … Continue reading →

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The Real-World Middle Class Tax Rate: 75%

Posted on July 5, 2012 by DRenegade

If we include all taxes, the real-world tax rate is much higher than the “official” income tax rate. For those Americans earning between $34,500 and $106,000, the real-world middle class tax burden in high-tax locales is 15% + 25% + … Continue reading →

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