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Check Cashing with Rick Freeman: On The Frontline of Financial Survival
from FinancialSurvivalNet
I bumped into an old friend the other day. Rick Freeman has always been… [more]
Triple Lutz Report #188 – Even Fund Managers Can’t See The Writing on The Wall
from FinancialSurvivalNet
Yesterday I got to spend the day with Jay Taylor, a fellow radio guy, who's… [more]
Chris Duane: NOW is the Time to Buy Silver
from FinancialSurvivalNet
Chris Duane, the Silver Shield, joins us to discuss the unsustainable global… [more]
Ty Andros – Cannibalism… Some Societies Feeding on Their Own
from FinancialSurvivalNet
Ty Andros and I are doing the wrap a little earlier this week. Greece is… [more]
Dana Meador – Cash is the New Bubble
from FinancialSurvivalNet
Dana Meador is back with FSN today to discuss why your bank is insolvent… [more]
Trevor Bradley: Belize is a Great Place for Your Money to Retire
from FinancialSurvivalNet
Trevor Bradley of Georgetown Trust joined us to discuss the worldwide move… [more]
David Banister – Buy Gold, Guns, and Xanax… You’re Gonna Need Them All
from FinancialSurvivalNet
Dave Banister joins us today for an interesting chat regarding just how… [more]
Peter Grandich – Check Your Emotions at the Golden Door
from FinancialSurvivalNet
Peter Grandich, well known mining stock investor, is having some bad days.… [more]
Yaron Brook – Socialism… Humanity Never Learns
from FinancialSurvivalNet
Dr. Yaron Brook of the Ayn Rand Institute joins us once again for an update… [more]
Joe “SilverFuturist” & “Jackie O” on the Future of Money and Silver
from FinancialSurvivalNet
Joe aka "SilverFuturist", someone who we met at Hard Assets NY, and his… [more]
Gordon Long Believes the Tipping Point Has Been Reached in Europe, Watch Out!
from FinancialSurvivalNet
Gordon Long is an engineer, and he has had a long career with larger Fortune… [more]
‘Ranting’ Andy Hoffman – Europe and the United States will Break Up
from FinancialSurvivalNet
"Ranting" Andy Hoffman joins us for another fun filled wrap up of all the… [more]
Triple Lutz Report #187 – The Debt Jubilee Is Coming-One Way Or Another
from FinancialSurvivalNet
Last week, I attended the NY Hard Assets Investment Conference. I had a… [more]
Eric Sprott – Live at Hard Assets New York
from FinancialSurvivalNet
Eric Sprott had just finished his keynote address at the Hard Assets investment… [more]
Andy Hoffman – Greece is Huge Deal & it’s Coming to the Forefront Right Now
from FinancialSurvivalNet
If you're a person that doesn't really understand what's going on, but what… [more]
from FinancialSurvivalNet
  Ty Andros and I are doing the wrap a little earlier this week. Greece is playing chicken with a loaded gun to their heads. Spain’s regulatory bankruptcy becomes more and more apparent. Their losses have doubled in the past two weeks, and they continue to escalate. Their banks have undergone multiple bank runs, which have of course been papererd over. Hollande, France’s new socialist leader is attempting to get Euro Bonds to forestall the eventual day of reckoning and to continue to shift the obligations of today onto the generations of tomorrow, who will not pay the debts incurred anyway. The powers that be and the radical socialists that are running most of the governments around the world are in complete denial and will further diminsh the private sector and lead the world to bankrupty. Political solutions that don’t address the underlying issue of a population that expects something for nothing, will accomplish nothing.
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from King World News
 Four decade veteran John Hathaway, told King World News “I was in California last week and I met with a lot of people. They are buying physical gold. Wealthy, private investors are buying gold.” The prolific manager of the Tocqueville Gold Fund also said, “we are starting to see a lot of central bank buying of gold.” Hathaway had this to say about gold bouncing solidly off the low $1,500 level: “That’s very encouraging. That was a very good test of the December low at $1,523, and it seems to me we are in good shape for six months or more. It could be (gold gaining) for the next two years.”
Continue Reading at KingWorldNews.com…
by Ben Simmoneau
CBS Local, Philadelphia
 PHILADELPHIA (CBS) – The CBS 3 I-Team has learned that a Catholic priest who was removed from the ministry over sex abuse allegations now holds a sensitive security post at Philadelphia International Airport.
The security checkpoint between Terminals D and E is a busy place where thousands of people – including lots of kids – pass through every day. But you might not believe who the I-Team observed working as a TSA supervisor at that checkpoint this week: Thomas Harkins.
Until 2002, Harkins was a Catholic priest working at churches across South Jersey. But the Diocese of Camden removed him from ministry because it found he sexually abused two young girls. Now, in a new lawsuit, a third woman is claiming she also is one of Harkins’ victims.
The I-Team asked Harkins about the suit as he was leaving his shift at the airport.
“I have nothing to say,” was Harkins’ reply.
Continue Reading at Philadelphia.CBSLocal.com…
from Zero Hedge
 Is this the overwhelming exodus of ‘real-not-synthetic’ Euros finding safety? Or just an aberration? It seems yet another event-risk-driven divergence is occurring as different asset-classes seem to be disagreeing over who will do the printing (when, not if, they print) and whether the mattress or barbarous relics offer most protection.
Continue Reading at ZeroHedge.com…
from King World News
 With mounting fears regarding escalating bank runs around the world, today King World News interviewed James Turk out of Europe. Turk told KWN, “I think people should be worried because many banks around the world are largely insolvent.” Here is what Turk had to say about the accelerating crisis: “The key driver of course is the economy. Unemployment is still growing in most places around the world. The European economy, in nearly all countries, is turning down. Germany had been the power horse up until recently, pulling other countries along with it. But even the German economy is turning down.”
Continue Reading at KingWorldNews.com…
from TF Metals Report
 It’s been two weeks since we last visited with Jim Willie. In the time since, the JPM derivative fiasco has come into sharper focus and, of course, the global financial condition has continued to deteriorate. In this podcast, Jim has a forum to discuss these issues at length. Though it’s about 55 minutes long, at least 50 minutes are of Jim talking in a stream of consciousness that will keep your attention. Please make time over this 3-day weekend to listen to the podcast in its entirety. You won’t be disappointed.
Click Here to Listen to the Audio
Continue Reading at TFMetalsReport.com…
by Charles Hugh Smith
Of Two Minds
 The mainstream media has always loved controversy and wars, military and cultural alike. Now we have an “Argument Industry” that thrives on keeping problems insoluble.
That much of the “news” is artifice and propaganda is a given. How can a society make good decisions about its future when the “facts” such as the unemployment rate are massaged and manipulated, and so many of the “reforms” are simulacra designed by the very wolves supposedly being tamed? Answer: it can’t.
The same question can be asked of a society in which the “editorial” side of the mainstream media is dominated by an “Argument Industry” that pours gasoline on every conflict and avoids solutions like a vampire avoids the Cross and garlic.
Finding solutions would decimate the “Argument Industry” and slash profits.
Continue Reading at OfTwoMinds.com…
Fears of a Spanish bail-out escalated after its wealthiest region asked the central government to help pay its bills and the country’s fourth largest bank asked for a €19bn (£15bn) taxpayer rescue.
by Philip Aldrick
Telegraph.co.uk
 Government borrowing costs soared after the Catalan President Artur Mas told reporters: “We don’t care how they do it, but we need to make payments at the end of the month. Your economy can’t recover if you can’t pay your bills.”
His comments came after Bankia’s shares were suspended ahead of a key board meeting to negotiate the largest bank bail-out in the country’s history.
On Friday night the bank said it had asked the state for €19bn, of which €12bn would come via a rights issue. Luis de Guindos, Spain’s finance minister, has said the government would provide all funds needed to stabilise Bankia, which has already received €4.5bn in rescue funds.
Continue Reading at Telegraph.co.uk…
A couple other major factors will drive silver prices in the future, and that will be growing demand from emerging products, and the inability to recover silver in some of those products, losing it forever.
from Bullion Street
 LONDON(BullionStreet): Silver is likely to hit $40 mark towards the end of this year despite going through a tough period offlate, analysts said.
The white metal will take advantage of higher fabrication demand and also on China’s introduction of Silver futures, they added.
Silver market will be bigger and more liquid with the advent of these futures contracts as China, the world’s largest silver consumer didn’t have any proper method of trading in silver till the opening of futures trade.
They added that Silver will continue to get support from fabrication demand, which makes up roughly 80 percent of silver demand, and is likely to increase about 3% to 5% this year.
Continue Reading at BullionStreet.com…
from Zero Hedge
 We have discussed the realities of Spanish (and Italian and Portuguese and Greek) debt to GDP data relative to the official estimates a number of times over the past few months and just as Mark Grant tells Rick Santelli today, the sugar buzz of self-financed sovereign bond buying hides the truth – until now when that liquidity is fading. From inaccurate data to LTRO ineffectiveness, ‘Grantelli’ sum it up nicely as the ‘Bond Run’ we have seen over the past few months (as professionals flee European banks and sovereigns) has now trickled down to the man-in-the-street and their equivalent – the bank-run.
Continue Reading at ZeroHedge.com…
from The Daily Bell
 INTERVIEW: ESMA’s Ross: Regulators Struggle To Find Right Resources … Financial regulators face the challenge of having the right resources and the right information to do their job properly, a leading figure at the European Securities and Markets Authority said Thursday. “I think it is a big issue for many regulators. Having the right resources and the right information to see where the potential risks might be arising is a big challenge.” – Wall Street Journal
Dominant Social Theme: Give regulators more tools and they will triumph.
Free-Market Analysis: The Wall Street Journal has an interesting post today on the struggle of regulators to obtain tools that will allow them to analyze the risks that the market faces.
Is there really a tool or tools (and resources) that will allow regulators to anticipate market risk? From our point of view this is basically an elite dominant social theme.
Continue Reading at TheDailyBell.com…
by Mike Shedlock
MISH’S Global Economic Trend Analysis
 The crisis in Spain is rapidly coming to a head. This crisis has nothing to do with Greek “contagion” as is widely believed. Spain dug this hole by itself. Spain’s immediate unsolvable problems are a bankrupt banking system coupled with bankrupt regions that have no way to pay bills. Spain’s regional governments need to roll €35.7 billion and there is current deficit of €15 billion.
The president of Spain’s Catalonia Region said it faces refinancing needs of needs of €13 billion and is “running out of options refinance its debt”.
Catalonia accounts for about one fifth of the Spanish economy.
Moreover, Spain’s Valencia region set off alarm bells on a six-month €19 billion bond issue because it may be forced to pay a 7% return, more than two points above what Greece is paying for their junk bonds.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
from Jesse’s Café Américain
Corruptio optimi pessima.
(The best things when corrupted become the worst.)
Aristotle, Nicomachean Ethics
Not even a wristslap.
Well at least the SEC released its report. The craven curs and hypocrites at the CFTC have been studying the criminal manipulation of the silver market for more than four years, and as of yet have not even had the decency to release their findings, and then proclaim they will do nothing about it.
It is the contempt of vultures. The more you take it, the bolder they become.
But not to worry, you will be able to vote for ‘change’ again in November.
Continue Reading at JessesCrossroadsCafe.Blogspot.ca…
by Dr. Paul Craig Roberts
PaulCraigRoberts.org
 The US government is the second worst human rights abuser on the planet and the sole enabler of the worst–Israel. But this doesn’t hamper Washington from pointing the finger elsewhere.
The US State Department’s “human rights report” focuses its ire on Iran and Syria, two countries whose real sin is their independence from Washington, and on the bogyman- in-the-making–China, the country selected for the role of Washington’s new Cold War enemy.
Hillary Clinton, another in a long line of unqualified Secretaries of State, informed “governments around the world: we are watching, and we are holding you accountable,” only we are not holding ourselves accountable or Washington’s allies like Bahrain, Saudi Arabia, Israel, and the NATO puppets.
Continue Reading at PaulCraigRoberts.org…
If the Basel Committee agrees to banks using gold as Tier 1 Capital it would create substantial demand for physical bullion and be an important step toward gold’s re-monetization.
by Richard (Rick) Mill
Mine Web
 COQUITLAM, BC (Ahead of the Herd) – Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream – if it doesn’t grow it doesn’t compound. Gold is rejected as an investment because it doesn’t produce sprouts, meaning the steady income and systematic growth so sought after by institutional investors just isn’t there.
Gold performs two jobs that fiat currencies, or any other financial innovation, cannot do; gold acts as a safe haven in times of turmoil – to escape Nazi Germany, or buy food and water in a crisis. Perhaps even more important, gold, for the last couple of thousand years has acted to preserve your purchasing power. In 1913 (the year the US Federal Reserve was born) the US dollar was well a dollar, gold was US$20 an ounce. Today, at almost the 100 year anniversary of the Fed the dollar has lost 95 percent of its purchasing power and gold is $1600 an ounce.
Continue Reading at MineWeb.com…
by Jim Sinclair
JSMineset
 My Dear Friends,
One thing I am sure of is that the majority opinion on the destiny of the euro is wrong. The bear position is so crowded it may as well be one sided.
Sure, that type of trading will continue to put pressure on but it all will go splat after the fact. Yes that type of position reflects its mirror image on the dollar and could make the present bullish near term price objective real, but for a moment only.
Gold seems to recognize that we are witnessing the death throes of all fiat currencies inherent in this transition of the euro.
The unexpected is in fact happening. Sovereign insolvency resulting in debt repudiation was thought to be a part of history in Zimbabwe only. It is not.
Continue Reading at JSMineset.com…
by George S. Mack
The Gold Report
 Alka Singh Gold and silver began a correction nine months ago, but shares of the mines that produce these valuable metals have suffered in a much more exaggerated fashion. Mine2Capital Co-Founder and Partner Alka Singh has prospected for ideas that she believes will maximize shareholder value when the markets turn upward in the relatively near future. In this exclusive interview with The Gold Report, Singh delivers her best junior ideas, and she also sweetens the story with a handful of more liquid names that she recommends in a fear-driven and uncertain environment.
The Gold Report: In early 2009, gold began its ascent that lasted for two and a half years until it began to correct at the beginning of September 2011. What were the issues that caused the rise, and what caused the correction?
Alka Singh: Gold prices have actually been on a rise since early 2002, but you are right that the last leg up started about two and a half years ago. The issues that led to the rise were that countries were printing money to finance themselves.
Continue Reading at TheAuReport.com…
by Tim Staermose
Sovereign Man
 If you’re sick and tired of all the doom and gloom that pervades the US and Europe, and should your personal circumstances allow, I unreservedly recommend that you hop on a plane and go and check out Burma.
This is a rare good news story, and it may very well be one of the most exciting economies in the world.
Shut off from economic sanctions since the early 1990s, Burma (aka Myanmar) is starting to emerge once again. From the looks of things on the ground, it’s not just hype.
The retiring generals seem to have decided that the best way to protect their accumulated wealth and not ending up like Hosni Mubarak is to open the country up and introduce democratic reforms.
Continue Reading at SovereignMan.com…
by Julian D. W. Phillips – GoldForecaster.com
Gold Seek
 For many years now gold and silver –by its pattern of following gold wherever it goes— have been treated by traders, investors and central banks as a ‘counter to the U.S. dollar’ and quite rightly so; this definition, however, applies primarily to the long-term value of the dollar and not simply to the daily gyrations of the dollar’s exchange rate.
For many months now, gold and silver have not simply acted as a counter to the dollar but linked on a day-to-day basis with the euro. It’s reasonable, one would think, for them to have that relationship because the euro is the second most important currency in the world. But when the euro itself has problems with its value then the relationship must surely become suspect?
Continue Reading at GoldSeek.com…
from Gold Money
 Yesterday was another miserable day for the euro, with the EURUSD falling to a new 22-month low at $1.2531, while the Dollar Index hit a 20-month high of 82.41 before settling at 82.35 (up 0.31% for the day). WSJ quotes unnamed Tokyo dealers who note support for the euro at $1.2500, “but if that level is breached there is no major support seen on technical charts until $1.2000.”
Commodities continue to suffer as a result of these dollar gains – Dan Norcini reports that the Continuous Commodity Index (CCI) has now fallen to its 50-month moving average, and is moving ever closer to an important retracement level. Silver, platinum and palladium will continue to struggle as long as hedge funds and managed money generally remains gun shy of long-side exposure to commodities.
Continue Reading at GoldMoney.com…
by John Rubino
Dollar Collapse
 Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone owns something, it is in each individual’s interest to grab what they can as quickly as possible, which soon depletes the resource.
With currencies, as with fisheries and sheep pastures, there’s an advantage for those who move first and pain for those who dither. Consider Iceland’s nearly-instantaneous recovery from its epic banking crash:
Continue Reading at DollarCollapse.com…
from Daily Reckoning
05/25/12 Baltimore, Maryland – Today, let’s take a look at the “logic” of the American Empire and what you can expect in the year(s) ahead… regardless of whether a donkey or an elephant squats in the Oval Office come Jan. 20, 2013.
“Great empires, such as the Roman and British, were extractive,” the economist Paul Craig Roberts observed recently. “The empires succeeded, because the value of the resources and wealth extracted from conquered lands exceeded the value of conquest and governance.”
But unlike empires of the past, the American Empire has a perverse logic all its own.
“America’s wars are very expensive,” says Roberts, stating the obvious. “Bush and Obama have doubled the national debt, and the American people have no benefits from it. No riches, no bread and circuses flow to Americans from Washington’s wars.”
Continue Reading at DailyReckoning.com…
Should Greece exit the euro zone and is China’s economy weaker than analyst suggest? Marc Faber, Gloom, Boom & Doom Report, weighs in on those two scenarios and explains why he’s making a move to gold.
by Dominique de Kevelioc de Bailleul
Beacon Equity
 With the dismal performance of gold stocks testing the patience of even hardcore gold bugs, Euro Pacific Capital CEO Peter Schiff believes investors should not panic and sell, but hold on, the bottom in the gold mining stocks is probably in.
And if the bottom is not in, hold on anyway.
“We could see another 10% pop in a week or two in the mining shares,” Schiff told King World News on May 23. “There’s a very good chance that the bottom is in, especially if we can get a rally in gold.”
At this time, it may be worth repeating a famous quote from economist John Maynard Keynes: “The market can stay irrational longer than you can stay solvent.” On the way up and on the way down, markets can mis-price assets to ridiculous levels for longer periods of time than appears rational. Today, it’s the U.S. dollar, U.S. Treasury market and gold, which have been mis-priced for so long.
Continue Reading at BeaconEquity.com…
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