Business Summary Links By Day

 

Dave’s Daily: http://www.etfdigest.com ‘THE PRESSURE IS ON THE GERMANS TO BLINK  8-21-12  It would seem as though a more dovish Angela Merkel has emerged with a new willingness for unlimited eurozone bond buying which may include a rate cap at least so reports the Guardian. Also Greek Prime Minister Samaras has headed to Germany to plead for a two year extension to implement mandated and agreed upon reforms. However, according to Bloomberg it appears he may only get small concessions according to the article. Overall markets in the eurozone thought all this news was bullish and bid up both the euro and stocks there. With all this money printing to buy bonds the ECB has chosen inflation as the optimal course even as they would argue that.The theme emerging from the eurozone is a common one—rather than address debt and spending the solution seems paper it over (literally) by printing more money.As a consequence of this gold (GLD) and commodity prices in general (DBC), (JJC) and (USO) advanced while the dollar (UUP) declined. Bond (IEF) prices fell early but climbed in the afternoon as stocks sold-off.There was little in the way of economic data or earnings for investors to digest Tuesday. Apple (AAPL) which lately seems to be “the market” saw some wild trading in a $25 range as an early spike was met by heavy selling. Share volume was double the average and no doubt there was profit-taking. Remember 230 hedge funds hold Apple shares and as good a company as many believe, too much of a good thing isn’t wonderful. As mentioned stocks sold-off late as investors may be looking ahead to Wednesday’s inspection of FOMC Minutes trying to find a kernel of QE3. It didn’t help that Fed Governor Lacker saw no need for any QE3 now.Here’s an interesting chart of the day. Guess when the income tax was initiated. (We had to pay for the “war to end all wars” and I guess we’re still fighting.)  http://albertpeia.com/incometaxforwar.jpg   Once again overall volume was light and breadth per the WSJ was mildly negative…’,  FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF   http://albertpeia.com/usfoodcrisis.htm   ,  What 40 Years Of Gold Confiscation By The US Government Looks Like   ZeroHedge.com  The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted Executive Order 6102, aka the "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" order which criminalized the possession of monetary gold "by any individual, partnership, association or corporation." But not the government of course. Spot the moment after which gold confiscation by the US government (also known as a 40% USD devaluation) from its citizens was legalized.  ,  Guest Post: The Death Of Jobs  The sit-back-and-relax 'buy and hold' strategy that unqualified portfolio managers banked on for so many years has perished in this highly leveraged, central-banking-dominated environment. There is something, though, that is more troubling for the US economy, and specifically middle-class laborers: Robotics. The reality is that this atypical Great Recession has forced business owners to become savvy: businesses have learned how to operate--and even thrive--in this dry economic environment, and the main tool that has allowed them to do so is cost-cutting.  Unfortunately for the labor market, these cost-reduction techniques  are sticking, and for the time being business owners (particularly manufacturers) see no reason to add more human employees when they can purchase robots at a cheaper rate.  ,  Japanese Trade Implosion Sends Futures To Lows  Somewhat disastrous trade balance data from Japan - with exports dramatically worse-than-expected (EU exports -25.1% YoY) and imports worse-than-expected (which will come as no surprise to any ZH reader given Europe's depression and our discussion of world trade here) - has crushed JPY crosses overnight (especially AUDJPY) which is exactly what we said at the close today was required to extend today's equity weakness. Sure enough, S&P 500 futures are down over 6 points from the close now - and trading below day-session lows.  ,  What Happened After Europe's Last Three Currency "Unions" Collapsed  It may come as a surprise to some of our younger readers, that the Eurozone, and its associated currency, is merely the latest in a long series of failed attempts to create a European currency union and a common currency. Three of the most notable predecessors to the EUR include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these no longer exist. Just as obvious, all of these unions, having spent time, energy, money, and effort to change the culture and traditions of member countries and to perpetuate said unions, had no desire, just like Brussels nowadays, to see these unions implode. The question then is: what happened after these multi-nation currency unions fails. VOX kindly answers: "they all ended with disastrous hyperinflation."  ,  Another Signal That The Rally Is Unsustainable  We have discussed the broad divergences between high-yield credit and equity markets (the former not enjoying the ebullience of the latter) and noted the dismal volume and average trade size of the most recent surge to new highs. Barclays points out one more concerning factor in the rally - the very unusual underperformance of lower quality, higher beta credit. Typically, the B-rated-and-below credits will majorly outperform in any real risk-on rally (just as they did in the first quarter of the year), however, in the last 2-3 months of equity exuberance, this has not been the case at all - as it seems the rally has been used to position in higher quality names (and remain liquid). Just another glimpse of the matrix under the surface.  ,  Guest Post: The Spain – ECB Vaudeville Show  If you still require proof that in the short term, market action is driven by perceptions and sentiment rather than reality, here it is. It is worth quoting again what Mrs. Merkel said in Ottawa in toto:“The European Central Bank, although it is of course independent, is completely in line with what we’ve said all along. And the results of the meeting of the central bank and their decisions, actually shows that the European Central Bank is counting on political action in the form of conditionality as the precondition for a positive development of the Euro.”Does this sound like 'unlimited bond buying without preconditions' to anyone? No? Investors seemed to think that is what it meant. We see no painless way out for Spain, regardless of what ultimately happens. Even if the ECB were to act without conditionality or limits, it could not possibly alter the underlying solvency problems -  and this isn't going to happen anyway. So what are markets currently pricing in? Everybody seems quite certain of a happy end at the moment. The bet is that massive central bank intervention is heading our way in the near future and will boost asset prices further. This is a mindset that has very likely set up the markets for disappointment.  ,  Niall "Hit The Road Barack" Ferguson Responds To The "Liberal Blogosphere"  Two days ago, historian Niall Fergsuon had the temerity to voice a personal opinion, one which happens to not exactly jive with the rest of the media's take on current events, on the cover page of Newsweek (Newsweek is still in print?) titled, succinctly enough, "Hit the road Barack: Why we need a new president." The response was fast, furious, and brutal, particularly emanating from what Ferguson has dubbed the "liberal blogosphere."  http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm     

 

 

 

Tuesday, August 21, 2012

 

 

Gold Ends Solidly Higher, on Verge of Bullish Upside Technical Breakout - Kitco News, Aug 21 2012 2:07PM Techically Speaking: Look at Outside Markets for Gold Clues - Kitco News, Aug 21 2012 4:21PM U.S. Silver Mine Output Rises 7% In May - USGS - Kitco News, Aug 21 2012 4:01PM Barclays: 2012 Remains Strong Year For Chinese Commodity Imports - Kitco News, Aug 21 2012 2:48PM Lonmin set to breach loan agreements over South African mine strike - The Guardian, Aug 21 2012 2:31PM Dolly Varden Partners Up With Hecla - Kitco News, Aug 21 2012 1:15PM Gold Hits Two-Month High As Euro, Oil, Grains Rise; Gain Accelerates On Chart Buying - Kitco News, Aug 21 2012 11:29AM Tuesday's Analytical Charts for Gold, Silver and Platinum and Palladium - Kitco News, Aug 21 2012 9:41AM Why I'm Buying Silver With Gold - LewRockwell.com, Aug 22 2012 12:37AM Big Ups For Gold - Town Hall, Aug 22 2012 12:34AM Philippine gold lands in smugglers' hands - Reuters UK, Aug 22 2012 12:34AM Jewellery shop employee who stole gold from his employer nabbed, thanks to mobile memory card - Mid Day, Aug 22 2012 12:22AM Gold near 3-1/2 month high on ECB hopes - CNBC, Aug 22 2012 12:05AM Precious Metals to trading platform by MahiFX - Forex Pulse, Aug 22 2012 12:02AM

 

 

 

Gold Buyers Prosper in Crisis-Hit Italy

Reuters | People are trading their gold for worthless paper money.


 

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

The Economic Collapse | Are you willing to bet against three of the wealthiest men in the entire world?


 

Banks Can Legally Steal Customer Funds From Private Checking Accounts

Susanne Posel | Our warnings are right in front of us, if we choose to see them.

 

Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold

New American | Recent filings by billionaire financier George Soros show he dumped virtually all his holdings in major financial companies like JP Morgan, Goldman Sachs, and Citigroup.


 

One Of The Biggest Euro Skeptics Thinks The ECB Is About To Uncork A Game-Changer

Business Insider | Ambrose Evans-Pritchard of The Telegraph is usually one of the foremost purveyors of the Euro doom argument, so it’s worth sitting up and taking notice at his latest column…


 

Finland preparing for ‘full-blown currency crisis’ and collapse of Eurozone

Natural News |A Finnish official has come forward with information about how his country, which is among the strongest in the European Union (EU), plans to deal with a potential break-up of the euro.

 

 

 

 

 

AP Business Highlights 

...Yahoo Market Update…

Metal News for the Day

What’s Happened To The FBI/DOJ?  http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm

Compendium of Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm 

 


http://albertpeia.com/archives.htm

 


FBI Nazi Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?

 

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

http://albertpeia.com/impeachobama.htm

Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,” she means interests opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama styled new california  ( 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ) . pelosi’s incompetent / senile in that chronological order. At this point, wobama the b for b***s*** is just incompetent but acts and seems as if he’s senile, particularly with regard to previous things he’s said and prior promises that he’s made. ]

Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a watch!  }

http://www.albertpeia.com/wobamaschoomgangbangin.wmv 

 

PAPER: Obama's grandfather tortured by the British? A fantasy (like most of the President's own memoir)... {  http://albertpeia.com/wobamaschoomgangfantasy.htm  }

 

 

 

Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful, though the vast majority of americans don’t have wobama’s luxury of feigned amnesia suffering from what wobama did and didn’t do contrary to promises last time around the perpetual campaign trail littered with his typical jive-talking b***s***! The following headline will help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently digging into relatively innocent high school pranks by Mitt Romney, they’ve spent the last few years diligently ignoring President Obama’s far more controversial high school days.Obama, by all accounts, was a habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs enthusiastically.” The Chicago Tribune reported back in 2007 that Obama thanked the “Choom Gang” in his high school yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close friends was arrested for drug possession during high school.In his memoir, Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal role of the young would-be black man.” But, according to Obama, he only got high because he was contemplating deep matters: drugs could “push questions of who I was out of my mind.” Obama told students in 2007 that this activity constituted “goofing off” and “wasting time”:"I will confess to you that I was kind of a goof off in high school as my mom reminded me," Obama said. "I went to high school in Hawaii, so there's a lot of opportunity to goof off because the weather is really good all the time …"You know, I made some bad decisions …. You know, got into drinking and experimenting with drugs. There was a whole stretch of time where I didn't apply myself. It wasn't until I got out of … high school, and went to college that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its way to find Obama’s classmates to testify that drugs played only a “bit part” in Obama’s youth. Yet Obama would later brag on the campaign trail that he “inhaled frequently … that was the point.”During his high school years, Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during his high school days, “he felt the first stirrings of anger toward whites. He says he also delved into black nationalism.” He was “offended or even enraged when white classmates adopted black street slang or revealed their underlying consciousness of his race by going out of their way to tell him how much they admired a black musician or athlete.” This activity is certainly more reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers and fellow students. And as for the drug use – well, that seems just a bit more serious than walking a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to protect President Obama from his own incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large.  Follow him on twitter @benshapiro.
Cracks in the Washington Post story on Romney’s ‘pranks’ emerge
Correction Request: Washington Post Uses Falsehood in Romney Hit Piece
Media Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a candidate's past. Here's Obama in his own words admitting to physically shoving a little girl named Coretta. Yes, it was at this moment that the first shot in the War on Women was fired.   http://albertpeia.com/obamashovesgirl.png

 No doubt that after expending all that energy bullying an innocent little girl, young Obama readied himself for round two by eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules are regarding a candidate's past; how far back we're allowed to go in an attempt to define them -- the answer is simple: the corrupt media will let us know.
Washington Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben Shapiro { It is true! The once great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the post is biased presumably owing to shared desperation with the failed president wobama in return for access. So egregious had the bias become wherein ‘sensitive’ commentary antithetical to wobama and his, seldom seemed to work/post properly; and, then of course, the post’s pro-wobama perpetual darkness-induced blind ‘constituency’. I stopped posting there and have not visited their site since nor will I ever again. A rather pathetic swansong / end / wind-down / final chapter for what was once a great newspaper for which I had the utmost regard and respect! }
Obama WILL NOT pursue gay marriage as part of party platform...
STONE: 'Playing a cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized people everywhere should respond with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model – see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science test...

 

 

                                                               _______________________________________

                                                                       { some prior links of current interest }

 

A Warning Sign For The World  http://albertpeia.com/warningsignfortheworld.htm  , Inventor of World Wide Web Savages Government’s Big Brother Plans  http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm , 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  ,  20 Signs You Might Be A Typical American Worker  http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes   http://albertpeia.com/10signsamericadecomposing.htm , Soylent Pepsi is People  http://albertpeia.com/soylentpepsi.htm  Infowars.com | Ground up dead baby fetuses… just business as usual. {  Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic System http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm { The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! } , Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm , This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global Printing Is Failing Miserably. Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm  , NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble Tyler Durden 5-2-12 , Hugh Hendry On Europe "You Can't Make Up How Bad It Is" ,  Biderman Makes Friends: "Bankers Are As Dumb As Politicians" , Guest Post: 3 Likely Triggers Of The Next Recession Durden  [ We’re already in a (continued) recession, stupid; actually, depression. {  Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ }   ] , Zuckerman To CNBC: "The Recession Never Ended" 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default   http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012   http://albertpeia.com/55factsaboutus2012economy.htm  ,  http://albertpeia.com/debtpercapita.jpg  , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012    http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse  http://albertpeia.com/5stagesofcollapse.htm ,  No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas  http://albertpeia.com/20ecostatstowakesheeple.htm  , Central bank balance sheet expansion since end 2007  Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession  http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us   http://albertpeia.com/inflationisatax.htm  , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months  http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Greece Has Defaulted - Which Country In Europe Is Next?    http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981  http://albertpeia.com/usindepressionfedandgovwastingmoney.htm  , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm  , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed   http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call  New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington.  , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year.  I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , Conned 2012: Joseph Kony Is A CIA Contractor  [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm   , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm   [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money  http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm  , Failed Wobama model illustrated: 16 Reasons To Move Away From California  http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm  , No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden  , The Mother Of All Infographics: Visualizing America's Derivatives Universe  http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm ,  Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market     [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com  3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011...