Mickey Fulp’s Monthly Major Market Review for August 2014

from Financial Survival Network We caught up with Mickey Fulp today, for his monthly market review. That… [more]

Mickey Fulp’s Monthly Major Market Review for August 2014 Mickey Fulp's Monthly Major Market Review for August 2014

Lew Rockwell – Why We Keep On Fighting For Libertarianism And Truth

from Financial Survival Network When it comes to the Libertarian Movement, Lew Rockwell has been there… [more]

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Steve Simpson – Corporate Inversions Are Totally Patriotic

from Financial Survival Network Ayn Rand's Steve Simpson was on discussing the fake dispute over corporate… [more]

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Bruce Anderson – Keeping Your Data Safe From The Data Theft Epidemic

from Financial Survival Network Bruce Anderson is a computer security professional who says you need… [more]

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Triple Lutz Report #362 – Why Is Gold Going Up

from Financial Survival Network Gold has been going up the past few days, why? This is usually the… [more]

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Martin Armstrong – Kiss Paper Money Goodbye and The Stock Market Will Keep On Climbing

from Financial Survival Network We caught up with Martin Armstrong just before the holiday and the… [more]

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Jack Duffy – JFK Assassination Solved In The Future

from Financial Survival Network Jack Duffy is currently a trial attorney from Ft. Worth, Texas. We… [more]

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Mickey Fulp’s Monthly Major Market Review for August 2014

from Financial Survival Network

We caught up with Mickey Fulp today, for his monthly market review.

That old Dow Jones keeps on rolling along. Uranium finally starts making its move. Palladium keeps going up. Gold is flat, silver is down, the Dollar is king. Oil takes a hit, but Henry recovers.

This and more as the Mercenary Geologist prepares to go on a major road trip. We put the market into perspective. Oh and let’s not forget, the 10 year rate is way down and so is Bitcoin.

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Martin Armstrong – Kiss Paper Money Goodbye and The Stock Market Will Keep On Climbing

from Financial Survival Network

We caught up with Martin Armstrong just before the holiday and the start of September. Martin says beware of early September, it may be a buying opportunity and a temporary new high. The world is a complete mess and that means the flow of funds are headed to Wall Street. Where else can large institutions park their Trillions? It’s the only game in town.

Get ready for electronic currencies. Your paper cash will literally become trash shortly and the world’s governments want it that way. Think of the billions more in taxes they’ll be able to extract. The day of the $10,000 bill is gone and soon the $100 bill will follow. Perhaps Bitcoin will be banned as well, it all remains to be seen. Just get ready for what’s next.

We also discussed Martin’s proprietary system Socrates, to which he’s devoted a large portion of his resources and his life. The system takes the emotion and opinion out of forecasting, tracing the flow of funds and confidence, thereby providing and unbiased forecast on what’s next. Sounds like an ad for the Financial Survival Network!

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Lew Rockwell – Why We Keep On Fighting For Libertarianism And Truth

from Financial Survival Network

When it comes to the Libertarian Movement, Lew Rockwell has been there from the beginning and has seen it all. He was Ludwig von Mises’ editor; a colleague and friend of Hayek, Rothbard: and worked on the Barry Goldwater and Ron Paul campaigns. He helped found the Mises Institute and describes himself as an anarcho-libertarian. He believes that in spite of the doom and gloom that we’re feeling today, there’s much to be optimistic about. Libertarianism is resonating with the young like never before. China and Vietnam are reaping the benefits of economic freedom in ways that most thought impossible just a few decades back. And the web of lies, which the current paradigm is built upon, are starting to crumble. Lew believes that the truth will always win out in the end.

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The Underbelly of Corporate America: Insider Selling, Stock Buy-Backs, Dodgy Profits

by Charles Hugh Smith
Of Two Minds

The hollowing out of corporate strengths to enable short-term profiteering by the handful at the top leads to systemic fragility.

Anonymous comments on message boards must be taken with a grain of salt, but this comment succinctly captures the underbelly of Corporate America: massive insider selling, borrowing billions to buy back their own stocks to push valuations to the moon so shares granted as compensation can be sold for a fortune, and dodgy accounting strategies that boost headline profits and hide the gutting of investments in long-term growth.

Here’s the comment:

“I’m occupying a vantage point that allows me to see what is going on inside the top Fortune 50 companies. I have never seen such rot before. Of the 50, at least 30 have debt at 120% of cash. Most have cut capex, R&D and maintenance by 80%. Most have been borrowing money to do stock buy-backs, while simultaneously selling off business units and doing layoffs.

Continue Reading at OfTwoMinds.com…

A Warning to Those Grown Bored with Gold

by Rick Ackerman
RickAckerman.com

I’m starting to warm once again to gold. Like many of you, I never gave up on it, I just grew too bored to care. With the bear market in bullion about to enter its fourth year, who could be blamed for losing interest? Gold has looked so punk for so long that every time it rallies sharply, I get that nagging feeling, as you probably do, that we’re about to get sandbagged for the umpteenth time. So why the change of heart? All credit to Richard “Doc” Postma, a friend and regular guest panelist with me on interviews with the (Al ) Korelin Economic Report. Doc, a physician by training, is also an astute investor and market timer. A patient sort as well, he is that rare bird who can watch and wait for months or even years while exceptional opportunities slowly take shape. I hasten to add that on more than one occasion, he has been a crucial step ahead of me in calling some important price swings in gold. Naturally, that got my attention.

Continue Reading at RickAckerman.com…

The Morning After: What Happens When a Government Destroys Its Currency

by Simon Black
Sovereign Man

Imagine this scene:

“Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.”

“The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before…”

This is how an American business executive described living through Mexico’s devaluation of the peso exactly 38 years ago on September 1, 1976.

Continue Reading at SovereignMan.com…

Luhansk Effectively Falls to Russia

by Martin Armstrong
Armstrong Economics

The Ukrainian army has lost the battle for the airport of Luhansk. Ceasefire talks in Ukraine collapsed ending hours after Kiev was compelled to order its army to withdraw from a key eastern airport in Luhansk after coming under a serious assault from separatists fighters reportedly backed by a Russian Panzerbatallion that included an army tank column. Luhansk is the furthest province of Ukraine and it appears that the invasion has begun. It will be spearheaded by the separatists maintain that it is not a direct Russian invasion. The fall of Ukraine is not out of the question. However, this will be the flash-point for all hostilities ahead.

Continue Reading at ArmstrongEconomics.com…

EU Banks to Get Stress Tests ‘A Month Early’

Banks will be get partial, preliminary results to “allow them to prepare market response”

by Reuters
Telegraph.co.uk

Banks will get preliminary information on how they have fared in the European Central Bank’s landmark assessment of the sector a month early, so they can prepare a “market response”, according to reports.

Investors are keenly awaiting the results of the ECB’s unprecedented review, which will force lenders to come to terms with any lingering weaknesses, adjust capital buffers and write off soured loans to regain the trust of investors.

The health checks started about six months ago and banks have so far been given little information about the outcome to prevent the chance of market sensitive information leaking out.

According to the ECB presentation given to senior bank executives in Frankfurt last week, banks will be get partial, preliminary results to “allow them to prepare market response”.

Continue Reading at Telegraph.co.uk…

The Latest Updates from Acting-Man – 2014.09.01

from Acting Man

Only Responsible Oligarchs Welcome by Pater Tenebrarum

Euro-Skeptics Biggest Winners in Elections in Saxony by Pater Tenebrarum

Gold Stocks and Gold – Potentially Bullish Developments by Pater Tenebrarum

Scottish Independence, Part 3 by Jim Walker

Here Come the Money Helicopters by Bill Bonner

Continue Reading at Acting-Man.com…

When Complexity Becomes Chaos

by Dr. Jeffrey Lewis
Gold Seek

Modern achievements, especially in medicine and technology (fueled by cheap energy), have made the human experience longer and easier.

Yet, at the base of it all lays the irrational man, still flinging immorality from the cages of his ongoing existential dilemma.

Despite the existence of natural governors, humans are still prone to abuse of power for the sake of power alone.

Unsound money and finance are not immune. They are fuel for the fire. They play an evermore powerful role in the rationalization of this age-old abuse.

Continue Reading at GoldSeek.com…

Goon Thugs and Gullible Conservatives

where are the class action suits?

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

Reports, such as this one http://www.policestateusa.com/2014/louise-milan/ , are routine occurrences that happen many times each day. Gratuitous police violence in America is totally out of control. Every day police murder 1.4 Americans, and beat, taser, body slam, and break into the homes of many others. Ferguson made it into the news, but Americans suffer police violence every day.

In response to the killing of Michael Brown in Ferguson, apologists for police brutality concocted every possible excuse imaginable in order to justify Brown’s killing. Yet, we know for a fact that unprovoked police violence is routine and apparently unavoidable. The willingness of “law and order conservatives” to give the police the benefit of the doubt in the face of all evidence to the contrary is inexcusable.

Continue Reading at PaulCraigRoberts.org…

Black Sea Oil Claims Before and After Russia Annexed Crimea

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

The significance of the annexation of Crimea by Russia goes far beyond land territorial claims. Here are a couple of maps that show how Crimea affects oil rights in the black sea.

Black Sea Claims Before Crimea Annexation

[...]

Black Sea Claims After Crimea Annexation

Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…

Draghi’s Finger on the QE Trigger: What to Watch This Week in Europe

by Sara Sjolin
Market Watch

LONDON (MarketWatch) — Ever since Mario Draghi hinted heavily at Jackson Hole that he’s ready to bring out the big bazooka, all the chatter’s been about whether he’ll pull the trigger on full-blown quantitative easing this month. On Thursday, we’ll finally find out.

Aside from that potential blockbuster from the European Central Bank, this week also brings a Bank of England meeting and rate announcement, a range of PMIs from the U.K., German economic data and U.S. nonfarm payrolls.

ECB meeting: It’s been only three months since the ECB took its deposit rate into negative territory and launched an aggressive liquidity package, but already more easing could be on the way.

Continue Reading at MarketWatch.com…

Nude Celebrity Photos Hacked

from Stefan Molyneux

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Ex-NSA Director, US Intelligence Veterans Write Open Letter To Merkel To Avoid All-Out Ukraine War

from Zero Hedge

Alarmed at the anti-Russian hysteria sweeping Washington, and the specter of a new Cold War, U.S. intelligence veterans one of whom is none other than William Binney, the former senior NSA crypto-mathematician who back in March 2012 blew the whistle on the NSA’s spying programs more than a year before Edward Snowden, took the unusual step of sending the following memo dated August 30 to German Chancellor Merkel challenging the reliability of Ukrainian and U.S. media claims about a Russian “invasion.”

Continue Reading at ZeroHedge.com…

Removing Any Doubt

by Turd Ferguson
TF Metals Report

You may have missed it. In fact, you probably did. While you were out enjoying your holiday, we saw more proof of how Cartel algos are set to manage and control price, regardless of the day or time.

Just after 1:00 p.m. EDT on Monday, a very curious drop in the spot price of gold occurred. “Curious” in that all global futures markets were closed, with the U.S. electronic trading closed until later today, opening at 6:00 p.m. New York time .

But the futures markets being closed didn’t stop a trade from effecting the spot price of gold which, at 1:02 p.m., fell by nearly $5 in an instant. This “trade” was noticed by ZeroHedge and it immediately caught my attention. The damage, however, was minimal and the spot price almost immediately recovered. As I type, spot is down about $1 and up over $3 from the low.

Continue Reading at TFMetalsReport.com…

Will This Be The Last Labor Day Workers Can Afford To Escape The US?

by Jeff Berwick
Dollar Vigilante

Ah, “Labor Day.” A government created day on which those people who work (read: producers) are supposedly celebrated by the people who don’t (government and welfare recipients). Pat yourselves on the back, entrepreneurs – the parasites love you. As I’ve written here in The Dollar Vigilante (TDV) Blog, approximately 65 million US citizens work. The rest receive welfare in various forms.

So, as you see, for about 252 million Americans, life is pretty good. The government taxes those who create vast sums of wealth, half of which is then stolen (“for the greater good”) and re-allocated to people who can’t work or won’t. A small percentage of this is allocated towards some useful things, sure, but most is squandered by the growing bureau-rat class.

Continue Reading at DollarVigilante.com…

Still Report #319 – Why the U.S. Economy Will Crash Again?

from Bill Still

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Silver Market Update – September 1st

by Clive Maund
Silver Seek

Bearing in mind what is written in the introductory paragraphs of the Gold Market update, which is equally applicable to silver, we will start by observing that silver appears to be on the point of turning up.

On its long-term 15-year chart we can see that silver is at an excellent point to begin a massive upleg, as it is currently in a zone of strong support after its 3-year long reaction and just above its major long-term uptrend line. If the next major upleg takes it to the top of the giant uptrend shown, we are looking at it rising to about $100 an ounce. Could it instead crash the support level and plunge? – anything is possible but as with gold this would only be expected to occur against the background of a dramatic easing of geopolitical tensions and a deflationary implosion, both of which look unlikely at this point.

Continue Reading at SilverSeek.com…

Why You Have To Run YOUR OWN Infrastructure

by Karl Denninger
Market-Ticker.org

If you didn’t have enough reasons before now you got another one.

Let’s be clear about one thing: right now we don’t yet know whether the nude celebrity photos hacking scandal can be blamed on security vulnerabilities in Apple AAPL +0.24% iCloud. Certainly this is being widely circulated and it was my first thought on Twitter TWTR +0.65% last night, but there is no proof.

Well, sure. You could just believe it’ll be ok — especially if the issue isn’t simply whether people have pictures of your hoo-hoo (or dong.)

There are those who claim these photos are “faked”, but then there’s this:

Continue Reading at Market-Ticker.org…

Jeff Berwick and the Dollar Collapse

from AltInvestorshangout

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Ten Terrifying Facts About U.S. Jobs

A Very Unhappy Labor Day

by Jimmy Mengel
Outsider Club

Happy Labor Day everyone, I hope you are all relaxing with family and enjoying the fruits of your labor…

Most years, that would typically mean slurping down some ice cold beer, grilling some big, juicy hamburgers, and just laying back and soaking up the last days of summer. Personally, I’ll be relaxing on the Eastern Shore with my kids and extended family. I am extremely thankful I can afford to party on Labor Day, because I have a full-time, well-paying job…

But when you take a look at the majority of workers in America today, it is anything but party time…

Continue Reading at OutsiderClub.com…

21 Vets a Day! – Wide Awake News Radio with Charlie McGrath and Producer Craig

from Charlie Mcgrath

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Legend Warns We Are Set For Serious Fireworks In September

from King World News

Today a legend in the gold world warned King World News that we are now set to see some serious fireworks in the month of September. John Ing, who has been in the business for 43 years, also discussed the fact that many foreign central banks are continuing to aggressively accumulate gold, including China.

Ing: “Gold is still stuck in a trading range. But we are now entering the month of September, and if you recall, September of last year was a very positive period for gold and gold stocks and a bad period for the U.S. dollar….

Continue Reading at KingWorldNews.com…

JPMorgan Silver Manipulation ENDING? | Bill Murphy

from FinanceAndLiberty.com

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Austrians, Fractional Reserves, and the Money Multiplier

by Robert Batemarco
Mises.org

John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian School’s Economic Mind” in which he critiqued certain claims made in Frank Hollenbeck’s Mises Daily article, “Confusing Capitalism with Fractional Reserve Banking.”

Tamny goes far beyond taking Hollenbeck to task, asserting that many modern Austrian economists have certain views of monetary policy that are at odds with much of the rest of the contribution of the Austrian School. Tamny’s biggest point of disagreement with Austrians is over the low regard with which many Austrians hold the practice of fractional reserve banking. In so doing, he makes several arguments which cannot stand up to critical scrutiny.

Continue Reading at Mises.org…

Silver Summit, Metals Card, and Energy with David Morgan

from silver-investor.com

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Some Deferred Gold-Buying Finally Comes Around in India

Traders speak to the release of pent up demand for gold in India with buyers have delayed purchases holding out for government policy changes that didn’t come.

by Shivom Seth
Mine Web

Mumbai (Mineweb) – Manish Kedia, bullion retailer, said that with India’s central bank allowing more entities to import gold, premiums have fallen and supplies have eased, much to the relief of buyers.

“Last year, Diwali was preceded by very high demand in the first half and imports hit a record in April and May. Jewellers also took a stand that they would not sell gold coins as anti gold sentiment was at its peak across the country,” he added.

This year, he said the sentiment had changed and people who had deferred purchases were coming back to the market, albeit slowly.

Continue Reading at MineWeb.com…

Franklin Roosevelt: On Labor, Wages, and Confidence

from Jesse’s Café Américain

[...] Some analysts are confusing higher wages with monetary stimulus. Nothing could be further from the truth, at least in the real world of today.

Monetary stimulus is what the Federal Reserve does, that is, increasing the money supply by expanding the monetary base. It is a non-organic growth of money.

I think it is a well-noted and oft-remarked upon feature that the monetary stimulus that the Fed is providing is being given directly and almost exclusive to the Banks, in order to shore up their damaged balance sheets and provide them an artificial stream of profits.

Continue Reading at JessesCrossroadsCafe.Blogspot.ca…

Millionaire Politicians: Trading Influence for Cash

from Stefan Molyneux

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China Banks Boost Precious Metals Hoard Amid Lease Demand

from Bloomberg.com

The value of precious metals held by China’s biggest lenders surged 66 percent from a year ago as banks lease more gold to customers because tighter borrowing rules make it harder to lend funds.

Precious metals held by Industrial & Commercial Bank of China Ltd. (1398), China Construction Bank Corp., Agricultural Bank of China Ltd. (1288) and Bank of China Ltd., the country’s four biggest lenders, were worth 378 billion yuan ($62 billion) at the end of the second quarter, according to financial reports. The growth since last year outpaced the gain in benchmark bullion prices, which rose 7.5 percent over the same period.

Continue Reading at Bloomberg.com…

Thoughts from the Frontline: Growth

by John Mauldin
Gold Seek

As I begin my 15th year of writing Thoughts from the Frontline – some 700-odd newsletters plus 400–500 editions of Outside the Box, 6 books, and scores of special reports – I decided to take a random walk back through some of my writings (and your comments!). With some glaring and notable exceptions that I would like to take off the internet (but won’t because to do so seems somewhat intellectually dishonest), the body of work has held together pretty well. My writing style has matured and so has my thought process – or at least it seems so to me. Writing this letter has been the best personal educational tool I have ever experienced, enriching my life far more than I have probably enriched yours. I’ve done my 10,000 hours. Plus. No college, no course or seminar, could provide me with the wide range of materials I’ve studied.

Continue Reading at GoldSeek.com…

Wealth & Purpose Show 014 “Saving Big & Spending Wisely” with Daniel Ameduri & Lior Gantz (Sep 1)

from VisionVictory

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Back to the Future

by Tim Price
Sovereign Man

“Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ? (“Hollande purges cabinet following leftwing revolt”, August 26.) If those policies are absurd, it is because they were not accompanied by the structural reforms so badly needed to make the French economy healthy. I am speaking of long outdated redundancy and seniority labour laws, oppressive regulations for the business sector and the unbearable bureaucratic roadblocks that stand in the way of start-ups.

Continue Reading at SovereignMan.com…