Category Archives: Financial

Boehner says he ‘absolutely’ trusts Obama

House Speaker John Boehner says he “absolutely” trusts President Barack Obama — not that they don’t have their differences. Boehner tells ABC’s “This Week” that the two have a good relationship and that they’re “open with each other … honest … Continue reading

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Shock in Cyprus over bailout levy on bank deposits

httpv://www.youtube.com/watch?v=vQAO3kGQORc

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Cyprus bailout Parliament postpones debate amid anger

httpv://www.youtube.com/watch?v=lL8J_jd2Xqw I should make a cartoon with Benanke holder a gun to Lew holding a gun to an American depositor. Does that pistol hold more than 7 rounds or can it be modified to hold more rounds? David DeGerolamo h/t … Continue reading

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This Is What I Call a Trigger

The events unfolding in Europe have just started. The Cyprus “tax” (confiscation) has started to collapse the EURO as shown below. We will know in a few hours how the gold markets will react. What should you do? The real … Continue reading

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Spain and Portugal, Austerity Protests

httpv://www.youtube.com/watch?v=LHiWpXf0mh4

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Only Jesus can save the eurozone: Deutsche Bank

Deutsche Bank‘s global head of FX strategy, Bilal Hafeez, recently gave a speech at the annual Deutsche Bank Mittelstand (small and medium-sized enterprises) FX conference in Hamburg, Germany. The bank’s research department transcribed Hafeez’s speech and sent it out to … Continue reading

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For Everyone Shocked By What Just Happened… And Why This Is Just The Beginning

Today, lots of people wake up in shock and horror to what happened in Cyprus: a forced capital reallocation mandated by political elites under the guise of an “equity investment” in insolvent banks, which is really code for a “coercive, … Continue reading

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This Is What Happens When Your Money Is 1’s and 0’s

If you have your money in a bank, stock, bond or even a safe deposit box, it is not really yours. Hard to believe that the world has returned to a time where if you cannot physically touch it and … Continue reading

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+30.5B: Federal Spending Up, Not Down, in First 5 Months of FY13

Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury. The federal fiscal year begins on Oct. 1 … Continue reading

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Bill Whittle: Making It Hurt

httpv://www.youtube.com/watch?v=hgRRfWx71fo From YouTube: Bill Whittle thinks that President Obama is trying to deliberately hurt America through the questionable sequester budget cuts. Why would the President of the United States try to punish the nation he has sworn to protect?

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Hypothecation Equals $1.5 Quadrillion in Debt

httpv://www.youtube.com/watch?v=VznPHn2LKfc I originally posted this video on December 11, 2011. It appears that rehypothecation is back in the news. David DeGerolamo

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Santelli’s Primer On The ‘Miracle’ Of Earnings Expectations

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You Must Understand the Implications of Pre-monetization of Debt

Steven Spielberg gave us Pre-Crime; Ben Bernanke gave us Pre-Monetization. Moments ago, as part of today’s concluded $1.464 billion market funding POMO operation, one of the issues purchased by the Fed was the 30 year Treasury identified as CUSIP 912810QZ4. Why is this … Continue reading

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A List of Extreme Events in the Past Two Months

httpv://www.youtube.com/watch?v=O05FqBe3ND0#t=1140s More…

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What Happens to A Stock Exchange Without Federal Reserve POMO Manipulation?

The Federal Reserve’s POMO policy has been artificially driving up the US stock exchanges for years. The NYSE is reaching new highs daily (not adjusted for inflation) without any supporting financial data. The volume of stocks sold (normally known as … Continue reading

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