Carl Schramm – New York Is a Scandal

from Financial Survival Network We talked with Professor Carl Schramm today about the state of New… [more]

Carl Schramm – New York Is a Scandal Carl Schramm - New York Is a Scandal

Tom Cloud – Was Breaking the Swiss Franc Peg a Deal with China?

from Financial Survival Network We spoke with Tom Cloud today about the state of the world precious… [more]

Tom Cloud – Was Breaking the Swiss Franc Peg a Deal with China? Tom Cloud - Was Breaking the Swiss Franc Peg a Deal with China?

Andrew Hoffman – Are You Ready For The Yellen Reversal?

from Financial Survival Network Whatever it takes Wednesday with Andrew Hoffman. Listen to Andy discuss: FOMC… [more]

Andrew Hoffman – Are You Ready For The Yellen Reversal? Andrew Hoffman - Are You Ready For The Yellen Reversal?

Danielle Park – The Cure For Metastatic Financialization

from Financial Survival Network Danielle Park and I agree that Wall Street and the entire financial… [more]

Danielle Park – The Cure For Metastatic Financialization Danielle Park - The Cure For Metastatic Financialization

Jim Mosquera – Escaping Oz: Navigating The Crisis

from Financial Survival Network We spoke with author Jim Mosquera, who's just published a follow-up… [more]

Jim Mosquera – Escaping Oz: Navigating The Crisis Jim Mosquera - Escaping Oz: Navigating The Crisis

Special Offer For South Florida FSN Fans

from Financial Survival Network Join Bill Walsh, Mike Gazzola and myself on January 29, 2014 for an… [more]

Special Offer For South Florida FSN Fans Special Offer For South Florida FSN Fans

John Rubino – The Greeks Must Be Crazy, Or Are They?

from Financial Survival Network This morning we caught up with our good friend and regular guest,… [more]

John Rubino – The Greeks Must Be Crazy, Or Are They? John Rubino - The Greeks Must Be Crazy, Or Are They?

Carl Schramm – New York Is a Scandal

from Financial Survival Network

We talked with Professor Carl Schramm today about the state of New York State and it’s a real scandal. The once Empire State is a mere shadow of its former self. And no wonder, the inmates are running the asylum. With the recent indictment of Sheldon Silver, arguably the most powerful politician in New York, a web of corruption and self-dealing has been uncovered, which was obvious for years to all but the most uninterested. We also talked about Carl’s new book about entrepreneurship, which promises to be quite interesting.

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Tom Cloud – Was Breaking the Swiss Franc Peg a Deal with China?

from Financial Survival Network

We spoke with Tom Cloud today about the state of the world precious metals markets. Things continue to tighten up as prices rise. The Swiss evidently have been tightening their relations with the Chinese and their act of breaking the peg to the Euro could have been part of that relationship. We’ll tell more as we know more, but it’s an interesting aspect to the story that’s been completely ignored by the mainstream media.

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Andrew Hoffman – Are You Ready For The Yellen Reversal?

from Financial Survival Network

Whatever it takes Wednesday with Andrew Hoffman. Listen to Andy discuss:

  • FOMC today
  • Collapsing commodities, economic data worldwide
  • Greece freefall, ready to implode Europe
  • Where are derivative fears? Will ECB just print them away?
  • Surging dollar crushing earnings
  • When will China de-peg
  • Surging physical pm demand to start year
  • Yen gold touched all-time high earlier this week, several others close
  • Canada downward revision of 2014 jobs data – u.s. next

Click Here to Listen to the Audio

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The Paradox of Inflation/Deflation

by Martin Armstrong
Armstrong Economics

QUESTION: Martin, You have really added dimensions to my thinking. Thank you very much.

One thing that continues to puzzle me is how empire’s die and inflation/deflation.

I get the part about the deflationary aspects of killing the economy via regulation and taxation. It is right in front of us every day. I get the part about that will not allow hyperinflation ala Germany and Zimbabwe.

What I do not get is how you can debase the currency such as you show in various Roman currency charts and not have significant levels of inflation [to me that is 10%+ per year]. If you debase the currency does not the person using that currency suffer a wealth reduction in their capital and therefore require more of the same currency to buy the same amount of goods [inflation?]? Seems like ‘stagflation’ at best.

Continue Reading at ArmstrongEconomics.com…

The Fed That Never Sees It Coming

by Pam Martens and Russ Martens
Wall Street on Parade

There is growing unease in stock and bond markets around the world that the current Chair of the U.S. Federal Reserve, Janet Yellen, has retrieved former Fed Chair Alan Greenspan’s blinders out of the mothballs in some musty old closet at the Fed, thus setting the U.S. economy up for more epic convulsions.

Yesterday, the Federal Open Market Committee (FOMC) released its policy statement and rattled markets here and abroad overnight. The statement contained a number of economic absurdities. The first sentence argued that “economic activity has been expanding at a solid pace” while a few sentences later we are told “inflation has declined further below the Committee’s longer-run objective.” A solid expansion simply does not correlate with declining inflation in the U.S. and mushrooming deflation among our trading partners.

Later in the statement the Fed tells us that inflation will be heading back toward the goal of 2 percent once “the transitory effects of lower energy prices and other factors dissipate.”

Continue Reading at WallStreetOnParade.com…

As Europe Disintegrates, Is Full-Scale War Now On The Horizon

from King World News

With the crude oil market hitting fresh new lows at $43, below is a key piece that warns as Europe disintegrates and the grand experiment runs into more trouble with each passing day, a full-scale war may now be on the horizon.

By Art Cashin Director of Floor Operations at UBS

January 29 (King World News) – When the statement hit, the stock market embarked on the now apparently mandatory 15 minutes of frenzied zigzag trading.

Initially, they shot up, taking the Dow back to, and very slightly through its earlier highs. After the initial brief frenzy, stocks eased back and made a lower low around 2:40.

Continue Reading at KingWorldNews.com…

Anti-Austerity Syriza Seizes Power In Greece

from corbettreport

Video Description…

The FOMC and the Markets – Something Has Changed

by Pater Tenebrarum
Acting Man

Still “Patient”, but too Upbeat for the Stock Market

As a look at the WSJ’s FOMC statement tracker reveals, the Fed currently sounds quite upbeat about the US economy. Given that organs of the State are usually the last to recognize a trend (in this case the trend of a subdued, but better than elsewhere US economic performance), this should be taken as a warning sign that the trend may be close to reversing.

There was only one word for liquidity junkies in the statement: the term “patient”, in the context of the widely anticipated, but continually postponed, rate hike. While the Fed ponders rate hikes, US macro data have begun to weaken rather noticeably of late. Not to an extent yet that would be worrisome, but they offer a strange contrast to the upbeat FOMC statement.

Continue Reading at Acting-Man.com…

Apple Delivers Monstrously Worrying Earnings

What’s the deeper story behind Apple’s latest earnings results?

by Alex Daley, Chief Technology Investment Strategist
Casey Research

As earnings season rips into full gear, things are getting interesting. You’d have to be hiding under a rock to not have heard the big news on Apple (AAPL). On Tuesday, the company stepped up to the earnings podium.

The market was anticipating some big numbers, but boy did the company over-deliver, posting the most profitable quarter in corporate history. Not company history—all stock market history, globally.

In fiscal Q1 2015 (calendar Q4), Apple’s sales totaled $74.5 billion, up a whopping 30% from the year-ago quarter and handily exceeding the consensus estimate of $67.5 billion. Adjusted earnings per share were $3.06, jumping 48% from the year-ago quarter and smashing the consensus estimate of $2.60.

That’s $18 billion in net income… about what Facebook, Cisco Systems, and Yahoo made combined over the past year. Not too shabby.

Continue Reading at CaseyResearch.com…

U.S. 10 Month Gold Mine Output Falls 7% Y/Y

And more gold ships direct U.S. to China, data shows, confirming Hong Kong is less key as trade route.

by Lawrence Williams
Mine Web

Latest USGS figures show that production of gold by U.S. mines was 540,000 ounces (16.8 tonnes) in October, a 6% decrease compared with September output and an 11% decrease compared with that of October 2013 (See table below). Year on year U.S. gold output is down by 7.4%, continuing the decline seen a year earlier. The U.S. is the world’s fourth largest gold producer, after China, Australia and Russia, but is not in danger of losing its place as South Africa, the world’s fifth largest producer in 2013, is some way behind, and production there will also probably be down on a year earlier. However the gap is widening between the U.S. and the three countries above it which are all likely to show increases in gold output in 2014 compared with 2013 when the final 2014 figures are all collated. On the basis of the USGS figures to date, U.S. total gold production for the year is likely to be in the order of 211 tonnes as compared with 230 tonnes a year earlier.

Continue Reading at MineWeb.com…

Exploring the Clash Within Civilizations

by Stratfor
Financial Sense

The Charlie Hebdo attack and its aftermath in the streets and in the press tempt one to dust off Samuel Huntington‘s 1996 book, The Clash of Civilizations and the Remaking of World Order. Despite the criticisms he provoked with that book and his earlier 1993 article in Foreign Affairs, recent events would seem to be proving him prescient.

Or was he?

While I am not about to deny the importance of religion and culture as drivers of geopolitical dynamics, I will argue that, more important than the clashes among the great civilizations, there is a clash within each of the great civilizations. This is the clash between those who have “made it” (in a sense yet to be defined) and those who have been “left behind” — a phrase that is rich with ironic resonance.

Continue Reading at FinancialSense.com…

Trigger$ – 2014 Review – 2015 Preview Final with Gordon T. Long

from GordonTLong

Video Description…

Global Stock Markets Finally Set For A Serious Selloff

from King World News

With mainstreaming media propaganda running headlines stating that the Jobless Claims are now at the lowest in 15 years, today King World News is featuring a piece that warns the markets may finally be ready to see a serious selloff. This piece also lets KWN readers know the initial downside target for the first wave of selling.

“Inflation is anticipated to decline further in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of lower energy prices and other factors dissipate.” … FOMC Policy Decision Statement, 1/28/2015

Continue Reading at KingWorldNews.com…

Currency Trading Jumps to Records in U.S., U.K. Amid Divergence

by Rachel Evans and David Goodman
Bloomberg.com

(Bloomberg) — Foreign-exchange trading in the U.S. and U.K. rose to records in October, reports from the nations’ central banks show, as American monetary policy diverged from that in Europe and Japan, boosting volatility.

Average daily currency turnover in North America was $1.1 trillion, the highest since the survey began in 2004, compared with $811.1 billion recorded in April and $816.3 billion in October 2013, the Federal Reserve-sponsored Foreign Exchange Committee said in a statement on its website. Daily volume rose in the U.K. to a record $2.7 trillion, up from $2.4 trillion in April, and $2.2 trillion a year earlier, the Bank of England’s Foreign Exchange Joint Standing Committee said.

Continue Reading at Bloomberg.com…