The Keiser Report - Wall Street vs City of London

"In this episode, Max Keiser and Stacy Herbert discuss the US empire stumbling into the City of London with a trickle down shakedown, after the British poodle bites the hand that feeds it. They also ask the Obama administration to either arrest the bankster for their crimes or to stop fining them as it only leads to a bigger crime wave to pay for the fines. And notice that a good way to censor the financial news is for banking fraudsters to lace their incriminating emails with expletives. In the second half of the show, Max Keiser talks to Karl Denninger of the Market-Ticker.org about high frequency trading and how to stop its use for front-running and fraud."

- Source:

http://maxkeiser.com/

CFTC Concludes Silver Not Manipulated??

In what may be the most amusing news of the day, according to the FT the CFTC will shortly drop its 4 year old investigation into silver manipulation, "after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation." How about evidence to support an "illegal" case? Of course, that this is happening after the recent discovery that the world's most pervasive fixed income benchmark was manipulated for years, if not decades, can only be reason for laughter and wonder if the CFTC used the same assiduous diligence methods in pursuing the alleged perpetrators of precious metal manipulation as it did in letting the fraud at PFG slip through its fingers for two decades. We will probably never know, or at least not until an email mentioning bottles of Bollinger and silver price "fixing" in the same sentence inexplicably turns up and makes a complete mockery of the CFTC yet again.

Read the full article at Zerohedge here:

http://www.zerohedge.com/news/libor-may-be-manipulated-silver-not-cftc-conclude

The Only Difference

You know it's true.

Mixed Pre-1965 US Silver Coins

Fed Disappoints? Draghi Totally Impotent

And not only did the Fed disappoint, but it didn't even extend ZIRP through 2015. Sorry Hilsenrath, better luck next time.

• FED SAYS IT WILL PROVIDE ADDITIONAL ACCOMMODATION AS NEEDED'
• FED REPEATS EXCEPTIONALLY LOW RATES AT LEAST THROUGH LATE 2014
• FED SEES INFLATION OVER MEDIUM AT OR BELOW MANDATE LEVEL
• FED TO KEEP REINVESTING HOUSING DEBT TO MORTGAGE SECURITIES
• FED SAYS HOUSING SECTOR REMAINS DEPRESSED
• LACKER DISSENTS FROM FOMC DECISION

And if markets are surprised by this goose-egg according to which the September FOMC will at best be the ZIRP extension that was supposed to take place today just so Congress can sort its own mess out with the Fed, wait until Draghi confirms what we said last week: that he was merely posturing and is totally impotent without the Buba's blessing. Then you will see pain in a market which is 5% higher than where it would be absent his headfaked posturing.

- Read the full article at Zerohedge here:

http://www.zerohedge.com/news/prayers-denied-fed-disappoints-full-statement-redline


2012 Year of the Dragon 1 oz .999 Fine Silver Bar in "Air-Tite" capsule

It Could Be Worse?

You Will Really see the Shorts Panic

“The gold market has been in this consolidation pattern, and building a base for a long time now. The bigger the base, the larger the move out of that base. If we get a breakout from this very large base that gold has been in, and gold is able to take out $1,700 on the upside, that is where you will really see the shorts panic.

If gold breaks $1,700, it will be absolutely devastating to the gold shorts. With a break above $1,700, I would expect gold to move very quickly to the $1,800 level because of the amount of energy that’s going to be unleashed in that market.”

- Trade Dan Norcini via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/26_Norcini_-_If_This_Happens_It_Will_Devastate_The_Gold_Shorts.html

Datrex 3600 Calorie Emergency Food Bar for Survival Kits.

Oil and Gold Seasonals Suggest Buy Buy Buy!

"The long-term seasonal data for gold and oil has not just remained relatively highly correlated over time but, as Barclays points out today, has very clear periods of bearishness, consolidation, and bullishness. While Gold may have another month of treading water, the period from September to mid-October is empirically bullish while Brent's August to mid-October period is the most bullish segment of the year. Given gold's stability in the past month or so since the EU Summit, and oil's surge (and modest pull-back very recently), seasonals certainly provide some technical support for BTFD here in these QE-sensitive, real assets."

- Read the full article at Zero Hedge here:

http://www.zerohedge.com/news/oil-and-gold-seasonals-suggest-btfd

Sunshine Mint 1 oz (.999) Fine Silver Bar - Eagle Design

The European Union Has found the Solution!

Finally! The bureaucrats in Europe have discovered the solution to the worldwide debt crisis! /end sarcasm

The Banking System is Corrupt. Dilbert Gets it!

It seems that even Dilbert understands the current corruption that is the banking system. So the question is, when is the general public going to wake up?

Sunshine Mint 1 oz (.999) Fine Silver Bar - Eagle Design

Everyone Should Have Gold and Silver

"I believe everyone should have gold and silver in his or her own private possession, where you can lay your hands on it, because they are one of the few financial assets that can be completely private and not part of the financial system."

- Mike Maloney

Keiser Report: Ponzi Overdose

 

"In this episode, Max Keiser and co-host, Stacy Herbert, discuss the naked crime wave resulting from an overdose of synthetic stimulants like quantitative easing, bailouts and low interest rates. In the second half of the show Max talks to Ian Fraser of IanFraser.org about the Li(e)bor scandal and other banking crime waves emerging from the City of London."

Gold Market to Explode Higher in Price

"Commercial banks currently hold $1.42 trillion worth of excess reserves with the central bank. If that money were to be suddenly released, it could, through the fractional reserve system, have the potential to increase the money supply north of $15 trillion! As silly as that sounds, I still hear prominent economists like Jeremy Siegel calling for just such action. If they get their wish, watch for the gold market to explode higher in price as the dollar sinks into the abyss."

- Michael Pento via a recent King World News article, read the full article here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/8_This_Major_Fed_Move_Is_About_To_Cause_Gold_To_Skyrocket.html

Gerald Celente on Old-Man Europe, Romney & Sons, and a Golden Summer

Germany and Greece faced off today in the Eurocup 2012 with German newspapers pushing headlines like "bye Greeks, we can't save you today." But can anyone in Europe save the monetary union from itself? Mario Monti, Italy's technocrat prime minister says there is only one week left to do it, but looking back at older headlines, it appears there have been many times Europe had only "one week left," or "ten days left." What's up with that?

And while we are on the topic of déjà vu...more ratings downgrades were issued yesterday. This time, it was Moody's downgrading 15 of the largest global banks, and its become a bit like white noise. We get it, worries are widespread, so the question is where is the safest place tohide from the tale risk of a worst-case scenario? Will we see another credit crunch, or is the best case just more "muddling through?"

QE to infinity

"There is only one tool that can be effective in a liquidity crisis now and that is QE to infinity. For that reason it is coming. The longer it takes to come the greater it must be."

- Jim Sinclair

No One is Safe