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If Deutsche Bank's Jim Reid is right, what just took place overnight from the PBOC is just a pleasant start and an enjoyable dress rehearsal of what is about to take place. Where it ends is precisely where we have said it would ever since QE1 was announced in March 2009. I had a few meetings yesterday and one of the biggest surprises I had was that for the first time in a long time people were talking about helicopter money and debt cancellation being the end game. This was a major theme of our 2013 long-term study but one that we've struggled to get much traction with over the last year. Perhaps there's an increasing weariness that more QE globally whilst inevitable, is a blunt
The CIA and Senate have found more to fight about. With the "Torture Report" mostly in the hands of the White House at this point, the two are now battling over the CIA's planned alterations to its email retention policies. Key senators are pushing back against a CIA plan to destroy older emails of “non-senior” agency officials. The heads of the Senate Intelligence Committee on Wednesday sent a letter opposing the proposal, under which only the highest ranking CIA workers would

Read more: Techdirt.

It will come as no surprise to regular readers that gold (and silver) have suffered from 'odd' violent down-slams in the last few months but, as Bloomberg reports, those 'sneak-attacks' have become increasingly more prevalent during the thin illiquid hours of the Asia trading session. "It is unusual for Asia to be seeing these busy trading sessions," notes on trader, adding that "consensus seems to be that there is a big increase in algorithmic and high-frequency trading in this time zone." The trend began on Oct. 31, with gold futures falling $11 in a minute on nearly 9,000 lots (20x the norm) - all happening when the Chinese market is at lunch. As one Hong Kong precious metals trader
November 21 - Gold $1197.50 up $6.80 – Silver $16.40 up 26 cents Bill Cosby And GATA "None are so hopelessly enslaved as those who falsely believe they are free." ... Goethe GO GATA! FIRST IT WAS THIS: So, maybe it is: "Gentlemen, Start Your Engines." Ladies too. My friend Lois mentioned yesterday that the MIDAS headline might be a little sexist, but saying Ladies and Gentlemen sounded too much like a carnival line… besides that racing car uttering became famous well before Danica Patrick showed up. For starters, both gold and silver opened lower last night than their prior Access Market closes … like clockwork. But then both surged when a surprise interest rate cut by China was
A few days ago a friend emailed the Bloomberg article Russia Delivers a New Shock to Crimean Business: Forced Nationalization.I replied something along the lines of "interesting, but I am going to bounce this of Jacob Dreizin", a US citizen who provides frequent updates to me regarding Ukraine.I also bounced the article off Pater Tenebrarum at the Acting Man blog. Pater commented ... Russian oligarchs stealing stuff back from Ukrainian oligarchs would be my guess. I should add, the

Read more: Mish's Global Economic Trend Analysis

Joining Kai to talk about the week's business and economic news is Business Insider's Linette Lopez and Sudeep Reddy of the Wall Street Journal. The big topics this week: Obama's immigration plan, the Fed's relationship with Wall Street and more stimulus in the eurozone and China.

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``Personally I think the objective was to create the conflict, to create the chaos, to create disorder, suffering and misery, so that the US government and the EU could bow in as liberators or knights in shining arms rescuing people, except there hasn't been any rescue as they are neither capable of it, nor do they actually intend to perform it. ''

Read more: Implode-Explode Heavy Industries news feed

FERGUSON Mo. (Reuters) - Police and protest organizers laid the groundwork on Friday for steps to avert street violence once a St. Louis-area grand jury decides whether to indict a white police officer on criminal charges for fatally shooting an unarmed black teenager.

Read more: Reuters: Top News

There are some bizarre legal definitions for common foods. For example, we've seen that the definition of a sandwich was under dispute because a burrito place was encroaching on a sandwich shop in a shopping mall food court. That case decided that a burrito was not a sandwich, but food experts don't all agree on that point. Here are a few other cases of defining some foods legally and not with your gut. Unilever is suing a vegan "mayo" company because it doesn't use eggs in its product. The

Read more: Techdirt.

``China is changing its stimulus stance, announcing a surprise interest rate cut on Friday. The action will lift the country's flagging housing market and large state-owned companies, as well as bolster other nations that have come to rely on those core parts of China's economy.''

Read more: Implode-Explode Heavy Industries news feed

``"This is reminiscent of the days of the robber barons," Senator John McCain, the top Republican on the subcommittee, said Friday morning... the Fed was likely to reconsider the so-called merchant banking laws that have allowed banks to own nonbank businesses. But Mr. Tarullo also said that the subcommittee's investigation pointed to a new issue to explore, which was that there were some areas of bank business, such as physical commodities, where there did not seem to be any regulator in charge.''

Read more: Implode-Explode Heavy Industries news feed

``Part of the agreement between the four countries and the Dutch Public Prosecution Service, ensures that all these parties have the right to secrecy. This means that if any of the countries involved believe that some of the evidence may be damaging to them, they have the right to keep this secret. "Of course [it is] an incredible situation: how can Ukraine, one of the two suspected parties, ever be offered such an agreement?" Dutch citizen Jan Fluitketel wrote in the newspaper Malaysia Today.''

Read more: Implode-Explode Heavy Industries news feed

From Flip Flop Flyin’: The colours and letters should be obvious, but just in case: S = singer, G = guitar, B = bass, D = drums, K = keyboards of various sorts, inc. computers or mixing equipments, T = turntables. If the singer regularly plays an instrument, they get a pink ring around the...Read More

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For a moment there, streaming video operator Aereo put on a brave face that it could continue despite last June's Supreme Court ruling against the company. While some interpretations of that ruling seemed to suggest that Aereo could be considered a cable company if it was willing to pay retransmission fees and effectively function as a delayed DVR service, those dreams were dashed in an October ruling that granted a pretty broad injunction by broadcasters. Judge Alison Nathan effectively stated

Read more: Techdirt.

``The price lurches that took the market lower often happened when traders in top gold consumer China, which usually provides support for the metal, were out for lunch. "Someone is utilising these thin trading volumes to get a turbo steroid move," said a precious metals trader in Hong Kong.'' -- Welcome to the manipulation club!

Read more: Implode-Explode Heavy Industries news feed

Since Goldman took over the warehouses, the wait to withdraw LME-warranted metal has increased from about 40 days to more than 600 days, reducing aluminum availability and tripling the regional premium for storage and delivery costs......On [one] occasion, in November, 2013, Metro loaded aluminum out of one warehouse and moved it into another warehouse about 200 feet away across a parking lot.

Read more: Implode-Explode Heavy Industries news feed

``HELOCs are absolutely terrible loans for retirees because they start out being interest only and after 10 years start requiring fully amortized payments, which means the monthly payment jumps up quite a bit at that point... when a retiree would be 10 years older. Does that make them "radioactive?" No, it just makes them a really bad idea for retirees. A reverse mortgage line of credit, however, doesn't require the borrower to make any payments whatsoever during his or her lifetimes, so even if rates rise, there's no risk of the loan becoming a burden to someone's income. ''

Read more: Implode-Explode Heavy Industries news feed

On the heels of the announcement by the Dutch that they have repatriated 122 tons of physical gold from the U.S. Fed, today it appears that entities owning paper gold are now getting very nervous. So it seems that the Dutch aren’t the only ones who are concerned about the paper gold Ponzi schemes being run by the Federal Reserve and the Bank of England, and it looks like there may be more entities asking for their gold.

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VIENNA (Reuters) - U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif are discussing new ideas aimed at breaking the deadlock in nuclear talks between Tehran and six world powers, sources close to the talks said on Friday.

Read more: Reuters: Top News

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