Mon, 15 December 2014
Manipulation Mondays with Andrew Hoffman: OIL CRASH! - 1/3 of capex - historic Baker Hughes rig count drop last week -heavy crude, Bakken and lesser grades down far more than oil prices -exotic derivative securities being exposed -UAE minister says $40 likely -Saudi WAR on low cost production worldwide, which became a massive bubble due to money printing and rate suppression -ARTICLE - "2015 Shale oil = 2008 subrprime mortgages"
Japan snap elections -Abe landslide victory, Japan mindset dangerously like 1930s Germany -more than ever, believe Japan will be first "first world" economy to experience 21st century hyperinflation
Greek snap elections -last will be 12/29, could pave way to inevitable GrExit and end of Euro -gee, I wonder why Draghi leaking that he wants to leave -ARTICLE "revenge of the people" - whole world, via "pen" and shortly, "sword" rebelling against economic destruction of Central banks -ARTICLE (to be published today) "the re-emergence of real money" -NY Times article, "Golden Age" -gold repatriation wave - now Belgium and Austria
FOMC meeting Wednesday -ARTICLE "six days and counting" -could very well be the inevitable "Yellen Reversal" we have written of for months, which will end the orchestrated PM bear permanently. -then again, today's article ("end of the PM 'bear market'") shows how gold has been soaring in most currencies already -U.S. economic data collapsing -Empire State today, Black Friday sales, etc.
That's enough for now.
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Mon, 15 December 2014
If there was one part of Dodd-Frank that was effective and needed, it was the part that required Too Big To Fail Banks to eat their derivatives losses. Your Congress, a fully owned subsidiary of Wall Street, just eliminated that provision, so get ready to bail them out yet again. The result, losses in the trillions, absorbed by you taxpayer is a foregone conclusion.
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