Wednesday, 10 October 2012

Daily Reading Material Compilation 5.0

I've been extremely busy over the last few days and haven't had time to read as much as I usually do - but on the bright side I'm learning lots and progressing towards an exciting path and a new journey in my life!

In short, here are the articles I've been reading over the past few days:

4 Extremely Simple Ways to Destress Quickly - Just thought I would begin with an article on how to destress. These suggestions may seem pretty straightforward, but we can easily forget how to do these 4 things when we face overwhelming stress in our lives. Sometimes we need a reminder to just breathe, and to do things for ourselves to help us relax in the face of stressful times. Be sure to also check out the article they recommend at the end of this one, found here.

The Rothschild-Johnson Matthey Connection - Johnson & Matthey silver bars are being purchased by silver-stackers around the globe (including yours truly, although I've only got about 10oz. of JM silver as I  intuitively felt something was fishy with this particular purveyor) who are fighting back against the cartels that run the precious metals markets. But, in trying to fight against the corruption and illegality of market manipulation, are they playing (and putting money) into the hands of the very people they're fighting against?

Punishment Of The Spanish Political Class By The People - Spain's political system (and the country in general) is in shambles. Both leading parties have 29% and 24% support, respectively. 84% of the people have "no confidence" in current PM Rajoy, and even fewer still (90%) have any faith in the leading opposition party's leader. What is Spain's future? My guess is another civil war in Spain. Indeed, I foresee it spreading throughout Europe as governments continue austerity and squander billions in loan money from supranational organizations that dictate their economic policies.

California Facing $5 Gasoline Stirs Brown to Relax Rules - California is experiencing shortages in their supply of oil, leading to increased prices at the pump - record highs have already been shattered, and are probably going to continue to rise. Governor Jerry Brown is stepping in to alter regulations in order to ease some of the pain at the pump.

Buffett's Favorite Bank, Wells Fargo, Sued By US - Wells Fargo is being sued by the US Government for mortgage fraud; fraudulently creating FHA loans. Surprise, surprise... still no criminal charges. Ridiculous.

What Could Possibly Go Wrong? - Fitch gave the ESM a AAA rating, in spite of the fact that the eurobonds are complete toxic sludge. Corruption at its finest, ladies and gents. Greece and Spain are on the brink of bloody revolution (although personally I could see a twist a-la-Iceland with millions of demonstrators ousting the banks - backed, of course, by the police and military, most of whom aren't actually being paid), and Merkel has the audacity to step foot in Greece. Thumb your nose at the people of Europe more, troika cronies... your time is coming.

DHS to start testing drones over US for 'public safety' - The Department of Homeland Security is officially moving ahead on their unmanned aerial vehicle domestic surveillance program. By year's end they hope to have 30,000 UAVs operational in the United States - 600 per state. Wow.

Merkel Hides Behind The Troika Report, The Greeks Seethe, And The Drachma Advances - Angela Merkel's visit to Greece accomplished... nothing. It was all basically a huge publicity stunt, and more likely to bolster her image to the German voters who will decide if she is re-elected next year than to actually attempt to help out the struggling (indeed, wounded and bleeding) Greek people. 60,000-80,000 protesters in the streets seems a little low to me for the woman who is helping to dismantle Greece bit by bit, but then again I would assume that the Greek people have all but given up on hope - and, by proxy, protest.

Mysterious Algorithm Was 4% of Trading Activity Last Week - High frequency traders at it again. Manipulate the market in order to gain an advantage for computer-traders... Standard practice on Wall St. these days.

Silver Commercial Signal Failure in Progress? - Spot on. Millions upon millions of paper ounces flooded into the market and all the cartel has managed to do is take silver to slightly less than $34. Each time it drops into the high $33 range people snatch up all the silver they can muster, which pushes it back higher once again.

I have been saying for the past few weeks that without this manipulation I wouldn't be able to afford as much silver as I have been able to - and we all know eventually it will fizzle out, because the want is so enormously high that their millions of [fake] paper ounces can't really topple the beast that is silver demand.

A Second Greek Man Has Been Found Dead Since The Emergence Of 'The Lagarde List' - Are the rats jumping off a cliff, or are they being pushed? Time will tell.

BUSTED: Mario Draghi And ECB VP Caught On Microphone Joking About Whether Their Words Will Move Markets - Laugh while you still can, Draghi. Europe will come for you - and you will most likely rot in jail... if you're lucky.

The Mathematicization of Economics - Mathematics and mathematical models have become a staple of modern economics - but is this a good thing? Many (including myself) would argue that it is not, as over-dependence on mathematical models fails to account for the complexity of human thought and action. A phenomenal (and relatively brief) post by Mr. Aziz - once again!

Dimon Says Bond Market Turn Assured on Budget Impasse - And why, Jamie, is the US borrowing indefinitely? SO YOU CAN STEAL THE MONEY! Who's benefiting from infinite borrowing and infinite money printing? YOU ARE, JAMIE DIMON!

The audacity is astounding.

On that note, I'll cap it for the day here. I'd like to leave you with yet another video (in addition to the one in the last article of the post) from none other than our favourite mega-banker.

I wonder if pretty much every word that comes out of Jamie's mouth a lie, or if he really thinks that he and his JP Morgan buddies have done nothing wrong - a thought scarier than if he were merely lying through his teeth. Fake outrage at the cronyism on Wall St. when he's probably the biggest crony of all is (pardon the pun) quite rich.

Enjoy the vid!

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