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Nearly two months ago we explained "How Beijing Is Responding To A Soaring Dollar, And Why QE In China Is Now Inevitable" in which we cited Cornerstone who reminded us "that from 2007 to late 2008, U.S. fed funds dropped 500 bp, and then the Fed still needed to do QE? The backdrop for China looks a bit similar. We had a credit bubble, they have a credit bubble. We had a housing bubble, they have a housing/investment bubble. Will China eventually have to go down the same path as the U.S., and the Eurozone? ... The PBoC will first cut rates to 0%, before contemplating QE." To this we added that "once China, that final quasi-Western nation, proceeds to engage in outright monetization of its debt, then and only then will the terminal phase of the global currency wars start: a phase which will, because global economic growth and that all important lifeblood of a globalized economy - trade - at that point will be zero if not negatve, will see an unprecedented crescendo of money printing by
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The post For hard-hit silver miners, gold is the silver lining appeared first on King World News.

Read more: http://kingworldnews.com/for-hard-hit-silver-miners-gold-is-the-silver-lining/

The post Leading Economic Index Points to Moderate Expansion in the US appeared first on King World News.

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The post US Public Debt Steady in March appeared first on King World News.

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The average national price of a regular gallon of gasoline has jumped 13 cents in the past two weeks to $2.58. Industry analyst Trilby Lundberg said Sunday that higher crude The post US gas prices jump 13 cents a gallon; could go slightly up appeared first on King World News.

Read more: http://kingworldnews.com/us-gas-prices-jump-13-cents-a-gallon-could-go-slightly-up/

A reader asked me if I ever hired someone for the minimum wage. He also believes the minimum wage is really a maximum wage.From Drew ... Mish, I’m curious if you have ever had to actually pay someone minimum wage to work for you week in, week out, year after year?I’ve signed plenty of paychecks myself, and honestly, I could never employ someone and pay the minimum wage knowing it was not enough for that person to live on, regardless of whether or not the “market” says I could hire them

Read more: Mish's Global Economic Trend Analysis

While the USA is busy killing US civilians and terrorists with its drone program, Russia is set to deploy its own Orlan-10 drones in the oil- and gas-rich Arctic region (reportedly to monitor the climate situation). As SputnikNews reports, Colonel Aleksandr Gordeev stated "the drones' task is to maintain impartial control of the situation in the Russian sector of the Arctic, including the ecological and ice situation in the adjoining sea areas and along the Northern Sea Route." So, passive-agressive? However, Russia also chose this week to release rarely-seen images of a US intelligence satellite which as one analyst notes is provocative (but obscure in its intent other than the growing recognition of US space-based surveillance assets).   #Russia to deploy #Orlan-10 #TUAVs to the #Arctic in May @ http://t.co/1POJxTs0PI pic.twitter.com/ADtBY7fH0h — Lowlands Solutions (@LowlandsSN) April 24, 2015   As Sputnik News reports, Russian drones will be deployed
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Submitted by Ray McGovern via Consortium News, The leniency shown former CIA Director (and retired General) David Petraeus by the Justice Department in sparing him prison time for the serious crimes that he has committed puts him in the same preferential, immune-from-incarceration category as those running the financial institutions of Wall Street, where, incidentally, Petraeus now makes millions. By contrast, “lesser” folks – and particularly the brave men and women who disclose government crimes – get to serve time, even decades, in jail. Petraeus is now a partner at KKR, a firm specializing in large leveraged buyouts, and his hand-slap guilty plea to a misdemeanor for mishandling government secrets should not interfere with his continued service at the firm. KKR’s founders originally worked at Bear Stearns, the institution that failed in early 2008 at the beginning of the meltdown of the investment banking industry later that year. Gen. David Petraeus
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Citi's Matt King once again hits it out of the ballpark. After laying out the fundamental problems caused by central planning, namely a historic plunge in yields, and a collapse in global growth...   ... a decline in consumer spending and a collapse in investment, offset by a surge in buybacks and new debt issuance.   Matt King presents the only response the central banks have: leave investors with nothing to buy.   Which he summarizes in 6 short words. But how does buying a couple billion in sovereign bonds every month whether in the US, or Japan or Europe translate into record stock prices even as the global economy has not been this bad since the first Great Depression?After all, there are tens of trillions in securities across the globe (not counting the hundreds of trillions in derivatives). Simple: when you manage a 693x leverage between a sovereign bond entry and a CCC bond exit, it is perhaps far more surprising that the S&P isn't artificial orders of
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Submitted by Mark St.Cyr, It’s official: all the markers of manias both past and present have now been surpassed. NASDAQ™ new highs? Check. All major Indexes both in actual terms as well as adjusted for inflation? Check. Earnings reports being enthusiastically reported as more “beats” than misses? Check. How about employment data? Yep. Within statistically accepted range of near full employment. How about all the macro data? Is it supportive of such a move? Absolutely! And getting better with each release. For Bad is now good, and worse is – excellent! All of the above sounds great to the uninitiated person on the street. The only problem is as you may now understand the real truth is: that specious (i.e., superficially plausible, but actually wrong) has replaced true/truth – as fact. And in my opinion not just superficially. It now seems how most, if not all financial matters are reported. At all levels. It is in this context that explains why the
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Perhaps it was inevitable. After all, the term “QEfinity” entered the financial lexicon long ago and there were already quite a few commentators out there suggesting that it may now be too late to remove the punchbowl, meaning an “exit” will not only prove difficult, but may well be impossible.  Take Makoto Utsumi, who oversaw foreign-exchange policy at the Japanese Ministry of Finance from 1989-1991, for example. Utsumi recently said a BoJ QE exit was out of the question “for the foreseeable future” and went on to note that “even the thought of an exit is a nightmare.” Meanwhile, it’s virtually impossible to say what effect Fed tightening will have in both the Treasury and corporate bond markets given the lack of liquidity in both and then there’s EM where carnage unfolded in 2013 after a certain bearded bureaucrat said the wrong thing about the direction of Fed policy.  Given all of this, we’re not surprised to learn that in a new paper entitled
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2010 Flash Crash Arrest Motivated By Greed Flash Crash and Whistleblower Program The past week we have made markets safer by arresting the dangerous flash crash villain who was a threat to national security and the health of the entire financial market system. Like I always say when in doubt follow the money trail in […] The post 2010 Flash Crash Arrest Motivated By Greed appeared first on ValueWalk.

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The Third and Final Transformation of Monetary Policy By John Mauldin | Apr 26, 2015 The Fed Funds Rate: R.I.P. San Diego, Raleigh, Atlanta, New York, New Hampshire, and Vermont The law of unintended consequences is becoming ever more prominent in the economic sphere, as the world becomes exponentially more complex with every passing year. […] The post Fed: The Third and Final Transformation of Monetary Policy appeared first on ValueWalk.

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Submitted by Chris Martenson via PeakProsperity.com, My first Uber lift was in South Carolina.  My driver was from Sudan originally, but had emigrated to the US 20 years ago.  Being the curious sort, I asked him about his life in Sudan and why he moved.  He said that he left when his country had crumbled too far, past the point where a reasonable person could have a reasonable expectation of personal safety, when all institutions had become corrupted making business increasingly difficult.  So he left.   Detecting a hitch in his delivery when he spoke of coming to the US, I asked him how he felt about the US now, 20 years later.  "To be honest," he said, "the same things I saw in Sudan that led me to leave are happening here now. That saddens me greatly, because where else is there to go?" It’s time to face some uncomfortable ideas about the state of civilization in the United States. This country is no longer the beacon of
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[PR Newswire] – The Company has notified the individual’s family and is offering assistance and support to the individual’s family and colleagues on the Exploration team in Mali. The accident The post Fatality resulting from vehicle accident in Mali appeared first on King World News.

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At the end of last month we noted that stocks were entering a dangerous period: the "buyback blackout" that surrounds earnings. As we've documented exhaustively, stocks have benefited handsomely from the corporate share repurchase bid and so in the absence of demand from cost-insensitive corporate management teams, and with households and institutions both selling as outlined here, the following chart, which shows that equity flows are aggresively negative, comes as no surprise. Having said that, stocks are at record highs begging the question: "who is buying?" From BofAML: Big decoupling in recent weeks between US equity flows and prices (new highs today –...correction risks will grow in absence of fresh inflows in coming weeks.   We might ask the following: is there someone (or some central planning agency) out there buying ES or spoofing to push the market higher without ever actually buying anything? One never knows — perhaps Kuroda's plunge protection is now
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Be sure to stick around through the 13:40 mark, when Luther, Obama’s anger translator, comes on . . . Source: Washington Post

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Shocking video has emerged showing Ukrainian neo-nazi militia fighters carrying out an ISIS-style execution during which they nail a separatist rebel to a cross and then burn him alive. WARNING: GRAPHIC FOOTAGE. TND Editor’s Note:  The Saker published an article about the bonfire crucifixion video. Apparently, Russian TV channel LifeNews confirmed the authenticity of the video […] The post Shocking Video: Ukrainian Neo-Nazis Nail Rebel Fighter To Cross, Burn Him Alive appeared first on Silver Doctors.

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In the immediate aftermath of yesterday's destructive Nepal earthquake, which has led to hundreds of aftershocks and a constantly rising death toll, currently exceeding 2000, the most visually stunning, if quite deadly, phenomenon was a massive avalanche on Mt. Everest and leading to at least 17 casualties, including a Google executive, and 61 injured. According to Xinhua, the avalanche began Saturday on Mount Kumori, a 7,000-meter-high mountain just a few miles from Mount Qomolangma, also known as Mount Everest, gathering strength as it headed toward the base camp where climbing expeditions have been preparing to make their summit attempts in the coming weeks, he said. Numerous climbers may now be cut off on routes leading to the top of the world's highest peak. The avalanche plowed into a part of base camp, a sprawling seasonal village of climbers, guides and porters, flattening at least 30 tents, Tshering said. All of the dead and injured were at base camp. Terrifiyingvideo
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Today a 40-year market veteran sent King World News an incredibly important piece that says while the war in gold and silver continues to rage, here is a surprising development This piece exclusively for KWN also covers fascinating developments in the silver market. The post More Disturbing Developments, War On Cash And The Endgame appeared first on King World News.

Read more: http://kingworldnews.com/disturbing-developments-war-on-cash-and-the-endgame/

In 2013, we witnessed the most volcanic eruptions worldwide that we had ever seen in a single year, and 2015 is already threatening to be another one for the record books. The number of volcanoes erupting as you read this article is greater than the 20th century’s yearly average.  The last VEI 7 eruption that […] The post The Number Of Volcanoes Erupting Right Now Is Greater Than The 20th Century’s YEARLY Average appeared first on Silver Doctors.

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