Ned Schmidt – It’s All In August… Nothing Can Go Wrong With The Stock Market

from Financial Survival Network Ned Schmidt says that the near universal optimism sweeping the stock… [more]

Ned Schmidt – It’s All In August… Nothing Can Go Wrong With The Stock Market Ned Schmidt - It's All In August... Nothing Can Go Wrong With The Stock Market

Alasdair MacLeod – Welcome To The New Silver Fix Kludge

[Ed. Note: The audio file on this podcast has been repaired. This was originally posted with Alasdair's… [more]

Alasdair MacLeod – Welcome To The New Silver Fix Kludge Alasdair MacLeod - Welcome To The New Silver Fix Kludge

Cris Sheridan – Yes The Stock Market Can Go Higher

from Financial Survival Network Financial Sense's Cris Sheridan was on the show today. While this… [more]

Cris Sheridan – Yes The Stock Market Can Go Higher Cris Sheridan - Yes The Stock Market Can Go Higher

Phil Davis – The Most Influential Man On Twitter

from Financial Survival Network Phil Davis of PhilStockWorld.com says he's the most influential person… [more]

Phil Davis – The Most Influential Man On Twitter Phil Davis - The Most Influential Man On Twitter

David Morgan – Palladium Prices Still White Hot

from Financial Survival Network David Morgan of the The Morgan Report joined us today for a recap… [more]

David Morgan – Palladium Prices Still White Hot David Morgan - Palladium Prices Still White Hot

Mickey Fulp – Why Are Gasoline Prices Falling In August?

from Financial Survival Network Mickey Fulp, the Mercenary Geologist and I discussed current petroleum… [more]

Mickey Fulp – Why Are Gasoline Prices Falling In August? Mickey Fulp - Why Are Gasoline Prices Falling In August?

John Rubino – Europe Is Tanking, QE Just Around The Corner

from Financial Survival Network John Rubino says that last year the world kind of forgot about Europe.… [more]

John Rubino – Europe Is Tanking, QE Just Around The Corner John Rubino - Europe Is Tanking, QE Just Around The Corner

Ned Schmidt – It’s All In August… Nothing Can Go Wrong With The Stock Market

from Financial Survival Network

Ned Schmidt says that the near universal optimism sweeping the stock market reminds him of 2000. The optimism is so high that it’s sucking everyone out of all the other investments and gold and silver investors need to look beyond what’s happening now. Are you going to follow the herd or have the herd follow you? Does it really matter if the number of Twitter accounts grows and the number of Tweets increases? What is the marginal propensity to Tweet really worth?

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Alasdair MacLeod – Welcome To The New Silver Fix Kludge

[Ed. Note: The audio file on this podcast has been repaired. This was originally posted with Alasdair's previous interview. Oops.]

from Financial Survival Network

Alasdair MacLeod was with us today discussing the new and improved Silver Fix. It seems the new fix is no more transparent than the old one. Administered by the CME Group and Reuters, Alasdair is finding it quite unhelpful. He states that the precious metals business is expanding throughout the globe and that London will lose its once cherished position as the center of the trade to China.

We also discussed the possibility of QE for the Eurozone. With the economic slowdown in full bloom, how much longer will the ECB be able to resist calls for the monetary elixir known as Quantitative Easing? After all, it’s worked so well in the USA.

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Congress Proposes New Law Prohibiting Body Armor in the Land of the Free

by Simon Black
Sovereign Man

By the late 1920s, Joseph Stalin became the unchallenged leader of the Soviet Union after having eliminated his opposition.

He topped it off in 1929 by serving a decisive blow to anyone that would dare to oppose him by outlawing private gun ownership in the country.

From that year on until 1953 when Stalin died, it’s estimated that more than 20 million Soviet citizens that were seen as a threat to the country’s leadership.

People were rounded up and either murdered outright, or sent to infamous gulag labor camps.

Continue Reading at SovereignMan.com…

Microsoft’s Mobile Comeback: Fantasy or Possibility?

The computing giant may still have a trick or two up its sleeve

by Adam J. Crawford, Analyst
Casey Research

It was one of worst predictions in recent memory. In a 2007 interview, former Microsoft CEO Steve Ballmer said, “There’s no chance that the iPhone is going to get any significant market share. No chance.”

It reminds us of when Sir William Preece, an official with the British Post Office, weighed in on an earlier incarnation designed by Mr. Bell, not Mr. Jobs: “The Americans have need of the telephone,” said Sir William, “but we do not. We have plenty of messenger boys.”

To make matters worse, Ballmer predicted that Android would also fail, since Google wasn’t charging a licensing fee to its OEMs. Of course, he was talking his own book. But it still stands out as intensely blind to what customers really wanted.

Continue Reading at CaseyResearch.com…

If Only This Happened At The Fed, Things Would Be Vastly Different

from Zero Hedge

Something surprising happened in the early days of August: a person was actually held accountable for his mistake.

As the WSJ reported previously, “a billion-dollar forecasting error in Walgreen Co.’s Medicare-related business has cost the jobs of two top executives and alarmed big investors.” Specifically, at an April board meeting, Chief Financial Officer Wade Miquelon forecast $8.5 billion in fiscal 2016 pharmacy-unit earnings, based partly on contracts to sell drugs under Medicare. This did not pan out as expected and last month, just a few months later, the CFO unexpectedly cut that forecast by $1.1 billion. And then, In early August, the CFO of the nation’s largest drugstore chain was gone. He wasn’t alone: Walgreen said several days earlier that its pharmacy chief, Kermit Crawford, would retire at year-end.

Continue Reading at ZeroHedge.com…

SP500 Short-Term v Long-Term

by Martin Armstrong
Armstrong Economics

The primary reason we run our model on everything time level is to distinguish short-term moves from long-term. For those who may be relatively new, our models are highly fractal. They were originally developed on intraday trading. It was then observed that the very same patterns which appeared intraday would migrate upward through time.

[...] Short-term we may be at a risk of a correction. However, longer-term, this is not a change in trend. It would be short-lived at best. The definition we have developed to distinguish between a bear market and a bull market is when we start to elect the Monthly Reversals. Daily Reversals are good immediately. Weekly denote a more sustained trend for a few weeks or monthly. But unless you get through the Monthly Level, you have not changed the broader trend.

Continue Reading at ArmstrongEconomics.com…

Obamacare Acting as Drag on Employment and Lifting Prices, Survey Suggests

by Steve Goldstein
Market Watch

The Philadelphia Fed asked a series of special questions along with its monthly manufacturing report, and the survey suggests that the Affordable Care Act has acted at least initially to reduce employment and increase prices.

A net 15.2% said the number of workers is lower because of Obamacare. A net 16.7% found the proportion of part-time work was up, a net 10.7% said the amount of work outsourced is up, and a net 28.8% said prices charged to customers are higher. A modest 1.6% said wage and salary compensation per worker is higher.

Continue Reading at MarketWatch.com…

How to Remember What You Learn

from TomWoodsTV

Video Description…

Mystery of Jackson Hole

from New York Sun

The panjandrums of our monetary system will be gathering over the weekend at Jackson Hole, Wyoming, for their annual retreat. Dissenters in the ranks of the central bank’s governance are “increasingly vocal,” as the New York Times put it in a headline, over their fears in respect of inflation. This adds some drama to a meeting at which, the Times reports, the theme is labor markets, which fits right in with Chairman Yellen’s priority among the Fed’s mandates, full employment.

We hope they get around to the pattern of unemployment that has come ever more clearly into focus with each passing season of the age of fiat money. Between 1947 and 1971 — that is, in the first generation of the Bretton Woods agreements, under which America defined the dollar as a 35th of an ounce of gold —the unemployment rate in America averaged but 4.7%. Since 1971 —that is, since America’s abandoned Bretton Woods and opened the age of fiat money — unemployment has averaged 6.4%.

Continue Reading at NYSun.com…

CDC Creates, Spreads Fatal Flu, Kept it Secret

from RT America

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Former Mob Boss Tells CNBC Not To Trust Wall Street… Buy Physical Gold & Silver

Crime Boss: Wall Street Has No Ethics.

by Steve St. Angelo
SRSRocco Report

The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.

Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering charges.

When he was 35, Franzese ranked No. 8 on Fortune Magazine’s list of the 50 most wealthy and powerful mafia bosses (44 of those on the list are now dead, and three are doing life in prison without parole). He reportedly raked in up to $8 million a week. Franzese is the only surviving high-ranking member of a major crime family to publicly walk away and refuse protective custody.

Continue Reading at SRSRoccoReport.com…

Silver Standard Now Diversified to Lower Geopolitical Risk – John Smith Interview

from Cambridge House

Video Description…

Getting the Most Value from Your “Geriatric Cruiser”

by Dennis Miller
Gold Seek

For many a car lover, retiring rich requires the end of a lifelong love affair. I empathize with them all; I’ve had my own romance over the last 50-plus years.

Cars have a special resonance for people of my generation. George Lucas’ classic coming of age film American Graffiti is proof positive of that. As teens we flocked to auto dealers when new models came out and fantasized about actually being able to own our favorite. And let’s face it: cool cars were chick magnets. In our 20s and 30s, with the help of a friendly finance company, those dreams became reality, and every few years we’d get the new car itch again.

As children left the nest, many of us upgraded to the luxury brands befitting our positions in life. My first luxury car was a Cadillac, though a friend told me I was too young to drive one.

Continue Reading at GoldSeek.com…

Choice and Change: How to Close the Gender Gap | Learn Liberty

from Learn Liberty

Video Description…

Your Chance to Profit from Amazon’s “Crazy” Prediction

by Matthew Milner
Daily Reckoning

Late last year, Amazon.com announced the use of “drones” to deliver packages.

Drones are remote-controlled aircraft. They’re mainly used for military purposes.

At the time, it smelled like a publicity stunt…

Flying saucers delivering little brown boxes of books and shampoo?

Really, Mr. Bezos?

But as it turns out, it’s legitimate.

Continue Reading at DailyReckoning.com…

Gerald Celente’s Trends in the News – “Obama: Congress “Are People of Good Will”‘

from Trends Journal

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US Is In A Depression: Rickards

Former LTCM General Counsel Jim Rickards Expects the Worst, and Not in the Distant Future

by Michael Ide
ValueWalk

Well we know what the most pessimistic bear case is: former Long Term Capital Management general counsel Jim Rickards warns that a 70% – 80% stock market crash followed by rioting and the rise of neo-fascism is one of the possible outcomes from growing systemic instability, and the other two are terribly rosy either. In an interview with Christoph Gisiger at leading Swiss business newspaper Finanz und Wirtschaft, Rickards explains that why he believes the US is actually in a recession and that monetary policy is merely papering over deep structural problems.

Continue Reading at ValueWalk.com…

Russia Boosts Gold Reserves by $400M to Highest Since ’93

by Nicholas Larkin
Bloomberg.com

Russia added about 9.4 metric tons of gold valued at $400 million to reserves in July as it expanded holdings for a fourth consecutive month to the highest in at least two decades.

The country’s stockpile, the fifth-biggest, increased to 35.5 million ounces (1,104 tons) last month from 35.2 million ounces at the end of June, data posted on the central bank’s website showed. The amount of gold now held is the most since at least 1993, according to International Monetary Fund data.

Russia’s reserves, which overtook those of Switzerland and China this year, almost tripled since the end of 2005, IMF data show. The ruble declined about 6.3 percent against the dollar since June as the worst standoff with the U.S. since the Cold War intensified. The conflict, stemming from President Vladimir Putin’s annexation of Ukraine’s Crimea peninsula in March, has led to sanctions that have hurt trade and threatened to send Russia’s $2 trillion economy into a recession.

Continue Reading at Bloomberg.com…

Financial Times: Wall Street Plays Dangerous Derivatives Games — Again

by John Morgan
Money News

The same kinds of complex, confusing derivatives that almost brought down the global financial system in 2008 are back in spades, according to the Financial Times. As one trader put it: “We’ve reformed nothing.”

The U.K. newspaper suggested investors may be fooled by a false sense of security, and are therefore “chasing levered returns via certain types of US credit derivatives that Wall Street is willingly providing in the current climate of low interest rates and moribund volatility.”

The developments suggest that the financial industry learned little from the 2008 meltdown and that reforms put in place since then are ineffective.

Continue Reading at MoneyNews.com…

What Will Be the Global Currency of the Future?

by Linda Goldberg and Signe Krogstrup
World Economic Forum

Could the dollar lose its status as the key international currency for international trade and international financial transactions, and if so, what would be the principal contributing factors?

Speculation about this issue has long been abundant, and views diverse. After the introduction of the euro, there was much public debate about the euro displacing the dollar (Frankel 2008). The monitoring and analysis included in the ECB’s reports on “The International Role of the Euro” (e.g. ECB 2013) show that the international use of the euro mainly progressed in the years prior to 2004, and that it has largely stalled since then. More recently, the euro has been displaced by the renminbi as the debate’s main contender for reducing the international role of the dollar (Frankel 2011).

Continue Reading at ForumBlog.org…

Obamacare Is A Disaster For Businesses, Philly Fed Finds

from Zero Hedge

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, “in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits.”

What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been “matched” by a far greater reduction in the range of medical coverage and the size of the network.

Continue Reading at ZeroHedge.com…

Precious Metals Expert Gabe Elton – The Fed is Irrelevant

from Charlie Mcgrath

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Another ObamaCare Setback: IRS Says There’s a $300 Million Shortfall

by Jason Simpkins
Outsider Club

One of the taxes implemented by the Affordable Care Act in January is a 2.3% charge on medical device sales.

But thanks to flawed collection methods, there’s roughly a $300 million shortfall.

That is, the IRS had originally estimated that the tax would bring in about $1.2 billion in the second and third quarters of 2013 – but it only received $913.4 million.

That’s troubling considering the medical device tax was supposed to be a major pillar in paying for the healthcare law, slated to rake in $20 billion through 2019.

Continue Reading at OutsiderClub.com…

Again: Where Are The FELONY ASSAULT Charges?

by Karl Denninger
Market-Ticker.org

Officer “Go **** Yourself” apparently has been “suspended.”

A police officer who pointed an assault rifle at people in Ferguson on Tuesday night and threatened to kill them has been relieved of duty and suspended indefinitely, authorities said.

Suspended eh?

For committing a felony you get suspended? Not even fired for cause with a permanent black mark on your employment record — suspended?

“The unified command strongly feel these actions are inappropriate, and not indicative of the officers who have worked daily to keep the peace,” Schellman said in an e-mail.

Pointing a weapon at someone who is not a threat to your safety and openly threatening to kill them is a serious felony. It is a felony irrespective of who you are and where you do it.

Continue Reading at Market-Ticker.org…

Bank of America Reaches $16.65 Billion Settlement

Penalty is the largest ever reached with a single U.S. company

by WSJ Staff
Market Watch

Bank of America Corp. agreed to pay a settlement of $16.65 billion over its mortgage lending, capping a legal odyssey that has dogged it since the depths of the financial crisis.

The deal resolves a government investigation that stems largely from the bank’s purchases of Merrill Lynch & Co. and Countrywide Financial Corp. as they teetered in the housing crisis.

The settlement amount is the largest ever reached between the U.S. and a single company, and is approximately equal to the Charlotte, N.C., bank’s BAC, +1.51% total profit for the past three years. Bank of America has spent more than $60 billion on legal woes stemming from the financial crisis, and the latest settlement would push the tab to close to $80 billion.

Continue Reading at MarketWatch.com…

Dropping Oil Prices Threaten Moscow’s Budget

by Andy Tully
Oil Price

Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now spread to Urals crude, giving President Vladimir Putin one more economic headache.

The price of Urals crude fell just below $100 per barrel on Aug. 18, an 18-month low. On Aug. 19, it dropped to less than $97 per barrel. These declines coincided with similar drops in the price of Brent crude from the North Sea and U.S. oil.

The reasons are fairly easy to recognize. First, the United States has been on a drilling tear, extracting oil at record levels to increase its supply at a time when demand is waning. Second, though more tentative, is that conflicts in North Africa and the Middle East are so far not interfering with oil production in these regions.

Continue Reading at OilPrice.com…

Ferguson: No Justice in the American Police State

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

There are reports that American police kill 500 or more Americans every year. Few of these murdered Americans posed a threat to police. https://www.dojmedia.com/u-s-police-have-killed-over-5000-civilians-since-911/ Police murder Americans for totally implausible reasons. For example, a few days before Michael Brown was gunned down in Ferguson, John Crawford picked up a toy gun from a WalMart shelf in the toy department and was shot and killed on the spot by police goons. http://www.msnbc.com/msnbc/family-man-killed-cops-walmart-demands-surveillance-video Less than four miles from Ferguson, goon thugs murdered another black man on August 19. The police claims of “threat” are disproved by the video of the murder released by the police. http://www.huffingtonpost.com/2014/08/20/kajieme-powell-shooting_n_5696546.html

Continue Reading at PaulCraigRoberts.org…

How to Grow A City in Honduras, Part I: Governance as Technology

[Ed. Note: Here is Part 2, Part 3, and Part 4.]

from ReasonTV

Video Description…

Fed’s Meeting Minutes Are Looked At Differently

by Chuck Butler
Daily Pfennig

Good Day! … And a Tub Thumpin’ Thursday to you! Get the brooms out! The Cardinals finally swept a team instead of just winning the series! Now that looks more like the team I expected to see this year! But before I go out and buy playoff tickets (not that I do that anyway) I have to temper this enthusiasm because this team has found a way to fall right back into a funk all year… Maybe, this time they won’t, eh? Just wishin’ and hopin’ and thinkin’ and prayin’!

Well… Let’s see… The Fed’s FOMC Meeting Minutes or FFMM, as my friend the Mogambo Guru would put it, printed yesterday afternoon… Recall that I said yesterday morning, that the markets were looking forward to hearing what Janet Yellen had to say about what she called a “slack in the labor markets”… I kidded that she would not deliver the goods, Hehehe…

Continue Reading at DailyPfennig.com…

The Crazy-Making Fed

by Charles Hugh Smith
Of Two Minds

The Federal Reserve’s communications and policies are a form of crazy-making double bind.

Systems theorist/anthropologist Gregory Bateson developed (with others) the concept of double bind, a psychological and social conflict in which contradictory demands generate a form of schizophrenia:

Unlike the usual no-win situation, the subject has difficulty in defining the exact nature of the paradoxical situation in which he or she is caught. The contradiction may be unexpressed in its immediate context and therefore invisible to external observers, only becoming evident when a prior communication is considered. Typically, a demand is imposed upon the subject by someone who they respect (such as a parent, teacher or doctor) but the demand itself is inherently impossible to fulfill because some broader context forbids it. For example, this situation arises when a person in a position of authority imposes two contradictory conditions but there exists an unspoken rule that one must never question authority.

Continue Reading at OfTwoMinds.com…

The Latest Updates from Martin Armstrong – 2014.08.21

by Martin Armstrong
Armstrong Economics


SP500 Still on Track to Test 3000 Level

ECB To Flood Southern Europe with Trillion Euros

Death of the Dollar

Black Box faked in Presidential Candidate Crash in Brazil

Charlie Chaplin – The Great Dictator

Continue Reading at ArmstrongEconomics.com…