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Monday is options expiry on the COMEX.  On Thursday we will have options expiry on the LBMA in London and on the OTC market as well. The bankers ALWAYS whack the precious metals prior to and during options expiry week. The boys are also very concerned about the high OI in silver.   Submitted by Harvey […] The post Harvey Organ: Latest Metals Smash All About Options Expiration! appeared first on Silver Doctors.

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The inevitable in Greece gets closer and closer. Looking back, I wonder how many rabbits in the hat there were. More importantly, how many still remain? I believe the answer to the latter question is zero. Yet, I also point out the propensity of German chancellor Angela Merkel to prolong the "not on my watch" inevitable. Meanwhile, the pot has is far more advanced than "simmering".Greece Boils OverThe Financial Times reports EU Frustration Over Greece Boils Over at Eurogroup Meeting. Months of

Read more: Mish's Global Economic Trend Analysis

Submitted by Jeffrey Tucker via The Foundation for Economic Education, What does it mean to be an effective advocate of liberty? It means to love what you do and adopt sustainable patterns of thinking and living that contribute to making the world a freer place. Sustainability is key. Most of today’s attacks on freedom lovers include a dismissal that libertarianism is an ideology for idealistic (or maybe deluded) kids, not one for adults. Sure, you can feel enraptured by the writings of Bastiat or Rand or Rothbard when you are in high school or college. But once you get into the real world, they say, you mature and give up the illusions of a freer world. I don’t believe this. Within the domain of liberty, we find the path to prosperity, social peace, and human flourishing. Every limitation on the freedom of thought, action, and ownership robs the world of creativity, wealth, and progress. And yet, freedom is not baked into a world where various forms of despotism are
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Following a a planned demonstration over how police handled the arrest of Freddie Gray, a 25-year-old Baltimore man who suffered a spinal injury at some point after he was detained by police on April 12 and died a week later; hundreds of protesters confronted lines of police. Objects were thrown, stores pillaged, and at least five police cars have been damaged. The Mayor of Baltimore has asked fans to remain inside the ballpark "due to ongoing public safety concerns." Ferguson 2.0?   Uhhh... #CamdenYards pic.twitter.com/dTy4SpP2Av — Reid Kellam (@SouljaBoyKellam) April 26, 2015   Live Feed 1... Broadcast live streaming video on Ustream Live Feed 2.... As CNN reports, Earlier, demonstrators had marched through the streets until they arrived at City Hall. Along the way, whenever it appeared the protest might get out of control, organizers reined the marchers back in.   The event ended after speeches at Baltimore City Hall on Saturday evening, but many
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TaRGeT LiBeRTY...

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In what appears to be an effort to ensure that James Franco and Seth Rogen are never again sabotaged by evil North Korean hackers, the Pentagon is out with a new plan that explains when it may be necessary to take the cyber fight to the “aggressors” in order to “mitigate potential cyberrisk to the US homeland.”  Unsurprisingly, the list of cyber adversaries is indistinguishable from what might fairly be called Washington’s “usual suspects.” The villains are: Russia, Iran, China, and North Korea. In fact, Defense Secretary Ashton Carter says the Pentagon was recently the target of a Russian “cyber intrusion” which he claims was quickly detected by a government “crack team.” Carter’s comments, which came during a speech at Stanford, also indicated that the US could use cyber attacks as an offensive weapon should circumstances warrant it. Here’s more via NY Times: The Pentagon on Thursday took a major step designed to instill a measure of fear in
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When a specially-designed robot dies within 3 hours of being exposed to Fukushima's radiation, it is clear something is not quite as propagandized in Japan; and today, as SCMP reports, extremely high levels of radiation have been discovered in a children's playground in Tokyo. While two hours of exposure to a child would be equivalent to the maximum does allowable in a year, Japanese officials say they do not think it is connected to the disaster at Fukushima. We are not sure whether that is supposed to reassure or terrorize locals?     As The South China Morning Post reports, Soil underneath a slide at the children's playground in the northwest of the Japanese capital showed radiation readings of up to 480 microsieverts per hour, the local administrative office said.   The radiation level is over 2,000 times that at which the national government requires soil cleaning in areas around the Fukushima Daiichi nuclear plant, where reactors melted down after the
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By Henning Gloystein and Aaron Sheldrick SINGAPORE/TOKYO (Reuters) – One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks The post Like shale oil, solar power is shaking up global energy appeared first on King World News.

Read more: http://kingworldnews.com/like-shale-oil-solar-power-is-shaking-up-global-energy/

Authored by Paul Craig Roberts, US Representative Ed Royce (R, CA) is busy at work destroying the possibility of truth being spoken in the US. On April 15 at a hearing before the House Committee on Foreign Affairs of which Royce is chairman, Royce made use of two minor presstitutes to help him redefine all who take exception to Washington’s lies as “threats” who belong to a deranged pro-Russian propaganda cult. Washington’s problem is that whereas Washington controls the print and TV media in the US and its vassal states in Europe, Canada, Australia, Ukraine, and Japan, Washington does not control Internet sites, such as this one, or media, such as RT, of non-vassal states. Consequently, Washington’s lies are subject to challenge, and as people lose confidence in Western print and TV media because of the propaganda content, Washington’s agendas, which depend on lies, are experiencing rougher sledding. Truth is bubbling up through Washington’s
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Submitted by Jeff Thomas via Doug Casey's International Man blog, ?Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it.   The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. No government has ever been able to control hyperinflation. If it occurs, it does so quickly and always ends with a crash.   Although there are observers (myself included) who frequently discuss what a reserve-currency crash would mean to the world, there is little or no discussion as to how this would impact people on the street level, and perhaps that discussion should begin.   When currencies crash, the state often tries
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We’ve written quite a bit over the years about the many unintended consequences of unbridled money printing. In fact, it was just last month that we asked the following question which, on the surface, comes across as counterintuitive: “Are Central Banks Creating Deflation?”  The premise is simple. By keeping rates artificially suppressed, the central banks of the world effectively make it impossible for the market to purge itself of inefficient actors and loss-making enterprises. As a result, otherwise insolvent companies are permitted to remain operational, contributing to oversupply and making it difficult for the market to reach equilibrium. The textbook example of this dynamic is the highly leveraged US shale complex which, by virtue of both artificially low borrowing costs and the Fed-driven hunt for yield, has retained access to capital markets in the midst of the oil slump and has thus continued to drill contributing to the very same price declines that put the
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Submitted by Pater Tenebrarum via Acting-Man blog, Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means trampling on the rights of their customers. Yesterday we came across an article at Zerohedge, in which Dr. Salerno of the Mises Institute notes that JP Morgan Chase has apparently joined the “war on cash”, by “restricting the use of cash in selected markets, restricting borrowers from making cash payments on credit cards, mortgages, equity lines and auto loans, as well as prohibiting storage of cash in safe deposit boxes”. This reminded us immediately that we have just come across another small article in the local European press (courtesy of Dan Popescu), in which a Swiss pension fund manager discusses his plight with the SNB’s bizarre negative interest rate
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I can’t get an Apple Watch, but every celebrity known to man has been seeded one to make them look cool. Who’s using who? And if you think it’s the musicians who are coming out ahead, you own no Apple stock. Used to be different. Players weren’t rich. They were in it for the dope,...Read More

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Authored by Russ Certo of Brean Capital via David Kotok of Cumberland Advisors, Russ Certo of Brean Capital has penned a superb research note (PDF here). Readers may note that this is a technical essay and it is thought provoking for the professional in the money management and/or for those skilled in the monetary policy arena.  We thank Russ and his colleague, Peter Tchir, for allowing us to share their effort with our clients, friends and readers worldwide.   Please enjoy what is probably better printed and read leisurely during the weekend.   David Kotok *  *  * The trio of macro-prudential policy, the onset and evolution of shadow banking, and the nebulous concept of financial stability may have become a toxic cocktail which can be instrumental in moving forward the Federal Reserve’s timeline for lift-off zero bound rates.  The intuition here is stooped in concepts of volatility and how market structure evolution may contribute or detract
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When it comes to the topic of Greece, most pundits focus on two items: i) when will Greece finally run out of confiscated cash, and ii) will Greece fold to the Troika (and agree to another bailout(s) with even more austerity) or to Russia (and agree to the passage of the Russian Turkish Stream pipeline, potentially exiting NATO and becoming the most important European satellite of the USSR 2.0) once that moment arrives. And yet what everyone appears to be forgetting is a nuanced clause buried deep in the term sheet of the second Greek bailout: a bailout whose terms will be ultimately reneged upon if and when Greece defaults on its debt to the Troika (either in or out of the Eurozone). Recall that as per our report from February 2012, in addition to losing its sovereignty years ago, Greece also lost something far more important. It's gold: To wit: Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last
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Today King World News is pleased to share a fantastic piece which give readers a stunning look at the all-time record margin debt investors now hold. This piece also includes two key illustrations that all KWN readers around the world must see. The post A Stunning Look At The All-Time Record Margin Debt Investors Now Hold appeared first on King World News.

Read more: http://kingworldnews.com/a-stunning-look-at-the-all-time-record-margin-debt-investors-now-hold/

Five Years Ago By this time in 2010, everyone had seen the leaked draft of ACTA — so, naturally, the USTR decided it was time to release it. It was, as we put it, "only very slightly less awful than expected", and it was missing a critical piece of information: what each country is pushing for. Speaking of pushes by various countries, this week in 2010 we saw Canada's recording industry begin a campaign for draconian copyright laws, while India introduced draft copyright amendments

Read more: Techdirt.

Last Wednesday, some ostensibly serious people talked with some openly unserious people about “obsessive” corporate buybacks when Moody’s head of leveraged finance Christina Padgett, told CNBC that her “concern would be—if you think about how a company should position itself for further growth, you want to think of them as taking the cash they do have and using it to invest in something that generates growth.”  By “growth,” Padgett was of course not talking about artificially growing EPS or growing executives’ stock price-linked compensation, but rather about growing productive capacity via capex (a term which is now a four letter word in more ways than one). Why would you not want to spend on productive capacity if you’re a company? Well it’s pretty simple: in the short-term, buybacks are a great way of driving up stock prices and making the bottom line look better than it otherwise would (and EPS beats are a great way of securing further stock price
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It has been a very disturbing 24 hours for Greece. It all started during yesterday's surprisingly short, just one hour long Eurozone finmin meeting in Riga, where Yanis Varoufakis not only got the most "hostile" reception yet being called "a time-waster, gambler, and amateur", but for the first time one minister openly said that maybe it was time governments prepared for the plan B of a Greek default. This happened after Jeroen Dijsselbloem slammed the door on Varoufakis' proposal for early cash after partial reforms. "A comprehensive and detailed list of reforms is needed," Dijsselbloem told a news conference following a meeting in Riga. "A comprehensive deal is necessary before any disbursement can take place ... We are all aware that time is running out." And so, what was once anathema, namely the official hints that a Grexit is being contemplated at the highest ranks, has now become almost commonplace, courtesy of the backstop provided by the ECB's QE, which has lulled everyone
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To be sure, we’ve had our share of laughs at the expense of China’s margin-fueled equity mania. First there was the realization that more than 4 million new stock trading accounts were created in China last month alone — the country is now adding nearly that many each week. Then we discovered that if statistics are to be trusted, around one in three of those millions of new accounts likely belongs to someone with an elementary school education or less. Finally, we learned that the rally has minted an army of day trading housewives, security guards, and most recently, banana salesmen who last Monday traded so much that they literally overwhelmed the Shanghai Exchange’s volume-tracking software. But not everyone thinks it’s a veritable tulip mania, just ask HSBC’s head of China equity strategy Steven Sun who “wouldn’t say it’s a bubble,” or Citi who figures turnover in Hong Kong could double from here boosting exchange operator HKEx’s bottom line by 40% in the
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