Sunday, March 17, 2013

CYPRUS!!

CypRIOT
The other white meat.....or....."Stop boiling the Frog and Just Crank up the heat". Is this their shock move? Or is this a rogue political schlock stumble. Either way it puts serious fear back on the table and runs the risk of exposing the peeps to the danger of fiat. On the other hand there are a multitude of benefits for the USD in the short term and their Dark Shadow Monster .....US Treasury Bonds. It also provides Ben the perfect opportunity to print an incredible amount of back door USD to Europe. DO NOT UNDERESTIMATE the need for your real power to do this. If Germany really is holding the printing machine at bay in Europe, then Ben has the perfect opportunity to bail out Euro banks with massive USD under the guise of "panic" in the very near term. This will ultimately cause a reversal of the short term dollar pop gained from these Cyprus headlines. Of course most of you are worried about tomorrow's price of gold and the miners but that is not the issue here at all. It is there price next month and next year and so forth. I am offering you the game options because I want you to understand how this may play out. In fact be prepared for even a gold beatdown NEAR Term to show you it is NOT a safe haven. It really makes no difference there will be massive physical bullion buying on the London markets tomorrow.....no matter what the spot price paint is....AND THAT IS THE GAME.

Now back to the Panic at hand. I had a busy five days but managed to get a feel for some of the overseas reactions and this is my summary. For whatever the reason this Cyprus event occurred the facts are it is creating a crisis environment. You will know if it is intentional on the part of the true power by the way it is treated overnite and Monday by the Financial Media. If the crisis atmosphere is fanned then its purposeful they will be fanning the fear atmosphere and expect volatility to escalate in the near term. If the general response from most pundits and anchors is to mitigate the effects of Cyprus then expect a VERY quick reversal of the Cyprus event. I think either way they are going to use this to load the short bus up heavy and crush them for a big pile of change. Either way short term we should get some Volatility to trade on. This is where those of you like Chuck and Hubz can catch a quick hit but you have to be VERY knowledgeable about your downside risk. One more caveat..... don't forget the Russian oligarch money in Cyprus banks.....its no small factor.....THEY don't like to be raped and they rape back.

Of course you may choose to believe this is all random events, in which I again suggest you must assess how stable this system really is? Whichever camp you are in.....this really does reflect the fragility of our economic foundation and just how quickly this quicksand foundation can sink underneath of your paradigm. gl





85 comments:

  1. Here this should engender some CONfidence....hehehhehehehe

    http://www.zerohedge.com/news/2013-03-17/europe-scrambling-last-minute-revision-cyprus-deposit-confiscation-plan

    ReplyDelete
    Replies
    1. Guess waking up a hibernating bear was not enough, gotta come back and piss in its face to make sure it knows Spring is about to arrive.

      Delete
    2. I am having a hard time seeing how they can put this genie back in the bottle here......Even if they step in and so SO SORRY WE MADE A MISTAKE........it just seems this is a true trigger event....This is a very bad situation that could be very hard to reverse

      Delete
  2. One Italian banker and the most powerful lawyer in France already dead of "suicide" this month...they both left notes...this is one high stakes game we're playing in. Never heard of anything quite so stupid as to literally confiscate the blood money. Did you guys see Jim Sinclair's take: http://www.jsmineset.com/ Plus it's opex and the Fed is meeting. What a week ahead.

    ReplyDelete
  3. I believe we could see in the near term a USD rally but I will repeat that Ben will open the spigot on the euro dollar swap and it will be enormous. I think this is all engineered for the Fed to print thru the Swaps and IMF.....which will create dollar weakness as a result longer term

    ReplyDelete
  4. I am watching CNBC Asia and they are pumping full BLOWN PANIC.......So they definitely have engineered this

    ReplyDelete
  5. I think the ECB and law makers will have to really talk down and reverse this 10% haircut or all hell is going to break loose. What to do about Germany is the key. But The US Feds will print under the table and send it over there and we will hear about it at years end. Gold was taken down the last few weeks ahead of this and 1630 will hold the gold longs. I think this was only a test of Peeps to see how they react to such a thing.
    Things will be calmed down by Tomorrow afternoon. And this will be another buy the dip in stocks sold by the MSM. Ben is going to print this stock market to Dow 20,000
    Matt

    ReplyDelete
    Replies
    1. Bankers are telling the public to "Remain Calm, all is well"

      http://www.youtube.com/watch?feature=player_embedded&v=zDAmPIq29ro

      Delete
  6. And to your points,zerohedge posted as much over a week ago: http://www.zerohedge.com/news/2013-03-09/fed-injects-record-100-billion-reserves-foreign-banks-operating-us-past-week But Americans just don't know...

    ReplyDelete
  7. "April Fools"....."We were just kidding"......REALLY!........Just a Joke.....

    http://www.theblaze.com/stories/2013/03/17/eurozone-country-pushes-back-vote-on-shock-bank-deposit-tax-for-1-day/

    ReplyDelete
  8. I offer the opinion a levy by Cyprus is no different than the FED driving rates to zero deprivng you of a positive return after inflation and taxes. This has been going on for over 4 years now so I would contend that the levy on Americans is as much as or more than the levy being proposed in Cyprus.

    The truth is Cyprus is not a reserve country so they do not have the option of driving rates to zero...

    ReplyDelete
    Replies
    1. The difference as I see it is for WHATEVER reason they have selected DEPOSITORS in banks which sends a clear message to NOT deposit money in banks.....I DO NOT quite see why they are targeting their own banking systems unless they think they are going to get velocity of money moving and that may be it.....I am stunned but not too stunned they are doing this since everything is counter intuitive to logic

      Delete
    2. Either a distraction for more serious shenanigans or issues, a power grab by own cabal over another or just plain stupid exercise to instill fear. Too much time wasted this weekend looking over this carnival stunt. Have a good rest of the weekend, if it is not too late.

      Delete
    3. The 0% interest rates and money printing affects all euro countries so while it works for the US, it would affect the Germans. This money grab affects only the Cypriots so it might have been the only acceptable option.

      I don't see it happening here because of Ben's printing press.

      On a related note, as expected, the MSM is totally ignoring this, at least from what I've seen, but we shouldn't be surprised by that.

      Delete
    4. way to spoil a good bear part red.......hehehehhe......

      Delete
  9. Couldn't agree more Inlet...we are just too stupid (as a country) to "get it". No wonder they are also confiscating the ammo along with the money. One of these days, someone somewhere in the USA is gonna get angry.

    ReplyDelete
  10. It just gets better

    http://www.zerohedge.com/news/2013-03-17/german-commerzbank-suggests-wealth-tax-italy-next

    ReplyDelete
  11. "Lets get it on"

    http://www.zerohedge.com/news/2013-03-17/russia-sending-permanent-warship-fleet-mediterranean-russian-naval-base-cyprus-comin

    ReplyDelete
  12. Inlet is spot on. Anyone with a large cash position here in a US bank is already paying a levy thanks to inflation and printing. That's why I never worry about an outright confiscation scheme here, when they can use many different soft methods to take our money.

    Still, it seems illogical now to keep anything beyond a couple of months expenses in the bank. But where to heck do you keep a large amount of cash? The Bank of Mattress sounds good, but I'm very uncomfortable with that much money in the house. Would it be advisable to rent a safety deposit box and put it there? Technically, it's not in your account, so they should not be able to touch it.

    Another thing about Cyprus, it shows that they can change the rules about anything. This includes taking over and nationalizing miners, for instance. Imagine waking up one day to find out your favorite miner's Argentina or Mexico resources have been taken over. That's what makes that trade so dangerous.

    ReplyDelete
    Replies
    1. Stock up on non-perishable household goods like soap, shampoo, lightbulbs, etc etc. The rate at which these things are climbing in price makes for a nice return on investment.

      Delete
  13. Whatever the reasons are for this we will truly never know (I believe it has to do with the Russian Oligarch’s and Syria) but it should be obvious to even the uninformed that there is “NO” such thing as a “SAFE HAVEN” anymore for the fruits of our labor and it is quite possible there never was, nothing but an illusion to keep us all happy and productive…..

    It really doesn’t matter what you do however, whatever you choose to do to adjust to this madness, needs to make sense to you. There is no correct fool proof strategy that will properly protect everything you have, so it’s really just a matter of mitigating risk. I’m going under the premise that “possession is still nine tenths of the law”….. for now and will adjust accordingly.

    Will this happen here? Who knows maybe next week or maybe never but one thing is certain in my eyes anyway, TPTB crossed the line and told “ALL” of us this could or will be a reality in the not too distant future.

    Here’s a comment from John Jay in the following link that echo’s Inlet’s keen observation, a point I never considered until now……

    http://www.rickackerman.com/2013/03/tiny-cyprus-re-opens-europe%E2%80%99s-can-of-worms/

    John Jay March 18, 2013 at 4:20 am

    What has happened to people’s bank deposits in Cyprus is just the next step in the theft of savings. Greenspan and Bernanke have been more or less stripping US CD holders of their savings with ZIRP for years. The most generous 1 year CD now pays about 1.25% before State and Federal taxes and with real inflation probably running north of 5% for years thanks to QE, confiscation of the proles savings account has been going on for some time now.
    A 10% “Tax” on your balance would simply be the next step. It is simply a question of degree. I see ZB and ZN did a gap up tonight at the open. Money looking for a safe haven here I imagine. It all seems to be closing in on the world financial system. NG up, CL down. All the currencies down vs. the $ except the Yen.

    What a madhouse.

    ReplyDelete
  14. They even had the nerve to call it a "bailout" tax. Personally think one way or another they're coming after it...they have no choice and otherwise, why wouldn't they care about these Ginormous deficits? Definite reset coming even after the confiscation imo.

    ReplyDelete
  15. Phil Davis wrote today that we have all taken a 20% haircut since 2008 due to currency devaluation. The currency in Cyprus cannot be devalued, so thus the confiscation. Looks like the PTB all want us to pay somehow.

    I agree with Inlet too about ZIRP. Savers have been punished and bondholders will be punished eventually.

    ReplyDelete
  16. It's the end of the world as we know it! The Dow is Down 57 points! You know the people really can take a lot of abuse
    even in light of all this they still play the game. Oh well. Jim Sinclair thinks this the start of something bigger
    guess will see. Gold is over 1600 so maybe he is on to something.

    ReplyDelete
    Replies
    1. Alex, I'll take Jim Sinclair for 200.........

      Delete
  17. Yeesh went short the euro in the madness last night and had to bail this morning at a loss on a binary trade. Can't believe they were able to bounce that pig. Gold broke 1600 and looks like it will hold it... VERY nice :)

    ReplyDelete
  18. If you can't understand just how this is all going to end after this demonstration then you never will

    ReplyDelete
  19. I thought about this for a while last night, as Kli has said, why create panic and outrage for a few billion euros...we practically print that every hour lol. Given how easily this could've been avoided and how every move the PTB has made to this point has been calculated, this must be engineered. Add to that the news coverage. So the question is why. Short-term we all see the impact, okay, but these guys are thinking longer-term. Then why do this? Who would gain from a Euro-Zone debacle? Is it possible that the US and the stronger European nations want the Euro to collapse? For Germany and a few of the other powerful Euro nations, it would mean no more bailouts every week. No more HUGE bailouts down the road which could bring all of them down as well. No more crisis management. For the US, it strengthens the USD in the face of massive printing…too good to be true. It means lower yields…10-yr has dropped from 2.05 a few days ago to as low as 1.92 last night, now 1.95. What’s more likely, that this is deliberate, or it’s just a ridiculous miscalculation that could destroy the fragile illusion they’re trying so desperately to maintain?

    ReplyDelete
    Replies
    1. The 10 year Treasury is under 2%, everything is OK! The Banksters got your back ;). Please remain bent over, until the Banksters are done.


      (Below from Silent weapons for quiet wars -An introductory programming manual)

      DIVERSION, THE PRIMARY STRATEGY

      Experience has prevent that the simplest method of securing a silent weapon and gaining control of the public is to keep the public undisciplined and ignorant of the basic system principles on the one hand, while keeping them confused, disorganized, a nd distracted with matters of no real importance on the other hand.

      This is achieved by:


      (1) disengaging their minds; sabotaging their mental activities; providing a low-quality program of public education in mathematics, logic, systems design and economics; and discouraging technical creativity.
      (2) engaging their emotions, increasing their self-indulgence and their indulgence in emotional and physical activities, by:

      (a) unrelenting emotional affrontations and attacks (mental and emotional rape) by way of constant barrage of sex, violence, and wars in the media - especially the T.V. and the newspapers.
      (b) giving them what they desire - in excess - "junk food for thought" - and depriving them of what they really need.
      (3) rewriting history and law and subjecting the public to the deviant creation, thus being able to shift their thinking from personal needs to highly fabricated outside priorities.

      These preclude their interest in and discovery of the silent weapons of social automation technology.

      The general rule is that there is a profit in confusion; the more confusion, the more profit. Therefore, the best approach is to create problems and then offer solutions.

      Delete
    2. (Below from Silent weapons for quiet wars -An introductory programming manual)

      DIVERSION, THE PRIMARY STRATEGY

      Experience has prevent that the simplest method of securing a silent weapon and gaining control of the public is to keep the public undisciplined and ignorant of the basic system principles on the one hand, while keeping them confused, disorganized, a nd distracted with matters of no real importance on the other hand.

      This is achieved by:


      (1) disengaging their minds; sabotaging their mental activities; providing a low-quality program of public education in mathematics, logic, systems design and economics; and discouraging technical creativity.
      (2) engaging their emotions, increasing their self-indulgence and their indulgence in emotional and physical activities, by:

      (a) unrelenting emotional affrontations and attacks (mental and emotional rape) by way of constant barrage of sex, violence, and wars in the media - especially the T.V. and the newspapers.
      (b) giving them what they desire - in excess - "junk food for thought" - and depriving them of what they really need.
      (3) rewriting history and law and subjecting the public to the deviant creation, thus being able to shift their thinking from personal needs to highly fabricated outside priorities.

      These preclude their interest in and discovery of the silent weapons of social automation technology.

      The general rule is that there is a profit in confusion; the more confusion, the more profit. Therefore, the best approach is to create problems and then offer solutions.
      thought I might keep this on the thread ...hehehhe

      Delete
    3. correct Red...this is "implosion by design".....as Stiglitz leaked several years ago when he left the IMF the plan for developed countries......

      Delete
    4. Maybe that is why we make so much ugly, confused stuff, like our architecture. When one learns a skill, one learns how things are organized.

      Delete
  20. nothing to see here.....move along

    http://enenews.com/kyodo-blackout-at-fukushima-daiichi-cooling-at-fuel-pools-stopped

    ReplyDelete
  21. The FED and ZIRP is like a blood sucking mosquitos whereas the Cyprus program is like a big ole blood sucking leech. They both suck, one little sips and one a Big Gulp!!! Hehehe

    ReplyDelete
  22. Yesterday the following was reported by discovercyprus.com:
    "The frenzy of withdrawals was triggered by savers likely thinking that by reducing their bank balance they would reduce their taxable amount.
    However understandable, it was probably an exercise in futility, because the taxable amount will apply retroactively, from the moment the deal was struck in Brussels."

    After reading the Cyprus Constitution, I believe there may be multiple constitutional issues with proposed "wealth tax". The most glaring issue is in reference to the retroactive nature of this tax.

    According to Article 24, Section 3 of the Cyprus Constitution:
    No tax, duty or rate of any kind whatsoever shall be imposed with retrospective effect: Provided that any import duty may be imposed as from the date of the introduction of the relevant Bill.

    A retrospective law is one that is to take effect, in point of time, before it was passed. Article 24, Section 3 clearly nullifies any ex post facto provision of the Cyprus "wealth tax".

    Secondly, there may be a breach of the Cyprus Constitution equal protection clause. Article 28, Sections 1 and 2 state the following:
    1. All persons are equal before the law, the administration and justice and are entitled to equal protection thereof and treatment thereby.
    2. Every person shall enjoy all the rights and liberties provided for in this Constitution without any direct or indirect discrimination against any person on the ground of his community, race, religion, language, sex, political
    or other convictions, national or social descent, birth, colour, wealth, social class, or on any ground whatsoever, unless there is express provision to the contrary in this Constitution.

    In my opinion, the proposed "wealth tax" discriminates against Cyprus citizens who, unfortunately, have bank accounts. The tax does not attempt to confiscate funds from those citizens who were astute enough to pull their money out of the banking system prior to the tax proposal. It is a tax that impacts only those citizens with money in the system. It could be argued that the equal protection clause should apply in this case.
    from a ZH commenter

    ReplyDelete
  23. also from a ZH article

    Prior to yesterday, if you were trying to handicap how the unelected leaders of the Eurozone were going to react to a tough situation, you only had to refer to the quote above from Mr. Junker to understand their mindset.

    But so long as someone at the ECB was willing to flood the world with free EURs (with significant backup provided the US Federal Reserve) the market closed its eyes, held its breath and took the leap of faith that all was well.

    However, post the Cyprus decision, the curtain has been pulled back and wizard revealed with all his faults and warts. The age of innocence is dead and with it died institutional and retail trust, confidence in the system writ large and the rule of law.

    It would be hard to over-emphasize how significant the Cyprus situation is. The EU demonstrated under no uncertain circumstances that they will destroy the rule of law to maintain their own power. It was a recognition of tyranny that many of us have always assumed was the case but yesterday became reality.

    The damage done here is not related to the size of the haircut - currently discussed between 3 and 13% - but rather that the legal language which each and every investor on the planet must rely on in order to maintain confidence in the system has been subordinated to the needs of the powerful elite. To the power elite making the major decisions in DC, London, Berlin, France, Brussels, et. al., laws are like ice cream, easily melted.

    Which begs the question, who is next? Will it be Portugal? Greece? Spain? Italy? France???

    Will they impose a “one-time” tax on your bank account? Your house? Your stocks and bonds? Retirement accounts?

    The major banks of Europe are levered beyond anyone’s wild guess. They cannot afford a hit to their capital base lest they be exposed for the over-levered giants they are. This, of course, opens up the exposure all of these banks have to the greater than $1tr derivatives market where the failure of any one of these derivative banks could lead to the collapse of them all.

    So, of course, the powers that be in Europe must do everything in their power to prevent the world from noticing that their banks are broke. This means they will lie and take anything they deem necessary. Including the forceful seizure of savings accounts of innocent people.

    ReplyDelete
    Replies
    1. The above mentioned pretty much sums it up in my eye's........

      Delete
  24. Gold
    1,605.50
    12.90
    +0.81%

    ReplyDelete
    Replies
    1. if it holds 1600 through tomorrow then strap in for the ride....Also be forewarned if you are still believing the hype that large funds like Soros are leaving gold because of the GLD exit. That is pure nonsense..they are exiting PAPER GOLD positions. Do you Really think THEY don't know the purpose of these vehicles and YOU DO???? hehehhhehehehehe.......

      Delete
  25. Because you guys know so much, what is the purpose of a person having several aliases? Could there be any reason other than sinister ones? Encountered this in personal life. TIA.

    ReplyDelete
    Replies
    1. Major warning flag.....but there are legitimate aliases such as celebrities using aliases as their screen names but on their personal checks it may say Michael Douglas aka Michael Keaton...not that I have any personal knowledge of such....

      Delete
  26. And the POTUS will not comment on the confiscation of private property in Cyprus. That about sums it up

    ReplyDelete
  27. http://market-ticker.org/akcs-www?post=218859

    ReplyDelete
  28. "Divide and Conquer".....now they are aiming it at the German people.....hehehhe.....not the banks

    http://www.zerohedge.com/news/2013-03-18/sun-just-set-german-empire-cyprus-locals-tear-down-german-flag

    ReplyDelete
  29. Sinclair on KWN....are you reading this red???

    “Taking Russian money is very foolish. You have to understand the culture of the people you are dealing with. The government leaders in Cyprus have no ability to protect themselves from the retribution of the former Russian KGB agents, including Putin himself.

    The government leaders in Cyprus are trying to back-pedal right now in order to save their lives. Let me say it again, they are trying to save their own lives. Remember, ‘revenge is best served cold.’ This means the revenge never comes at the moment of the miscreant act. But it will come in time.

    To take money from the leading economic entities in Russia, is to take money from the former KGB officers, and taking money from them is extremely dangerous. I think the reality has quickly set in for the leaders of Cyprus that they have aided in the confiscation of the most serious and dangerous money you could possibly touch. It has these leaders more afraid for their lives than their bank accounts.

    I would also add that this was the biggest mistake made by the IMF and the ECB in their history. Every time you do business with a Russian company, you do business with a bank in Cyprus. Money goes in, it goes out, but it all funnels through Cyprus.

    Coming down on Cyprus as a test case for the new ‘Bail-In’ rather than ‘Bailout,’ the utilization of the depositors money to pay for the losses, could very well derail the entire efforts so far to maintain the appearance of solvency in the West.

    Trillions upon trillions of dollars have been put into the system in order to maintain this appearance of solvency, and so this Cyprus miscalculation is extremely serious. This was a ‘test case’ and the IMF firmly believed the ‘Cyprus Solution’ wouldn’t mean anything.

    The real catastrophe here was the misidentification of the capital present in the banks, which, in fact, turns out to be KGB money they are confiscating. And as I said earlier, taking money from them is extremely dangerous.”

    ReplyDelete
    Replies
    1. Not just old but current money, supporting current projects and interest of not just the KGB but intertwined with Russian banks, businesses and government entities. Guess they will be demanding payment from the EU in hard yellow non-tungsten currency like the Iranians. These are not your ordinary Russian street thugs, slowly icing millionaires and billionaires is just in a normal days work. Euro Banking Cartel just got guaranteed payback in their backyard. Also the Tartus Port will likely get refurbed and resupplied.

      Delete
  30. I actually ended up having a great day trading binaries with the volatility today after starting out hurting. Hope this action continues. I'm hoping the metals have finally found their bottom, with a nice close tomorrow I'd feel pretty good about that. The trust in the system has been shaken despite Cramer and Co. trying to play this off as nothing. Kli that KGB link Sinclair is talking about is terribly facinating, I hope the bankers did get a little too big for their britches on this one and it comes back to bite em in the ass.

    ReplyDelete
  31. “Taking Russian money is very foolish. You have to understand the culture of the people you are dealing with. The government leaders in Cyprus have no ability to protect themselves from the retribution of the former Russian KGB agents, including Putin himself.

    Duh.......

    ReplyDelete
    Replies
    1. just remember Tom..... "Revenge is better served cold"

      Delete
    2. Hehehehe, I hear winters in Europe can be rather chilly and as a matter of fact probably even more so now.......

      Delete
  32. http://blogdogcicle.blogspot.com/2013/03/senator-lindsey-graham-questioned-on.html

    ReplyDelete
  33. John Thain on CNBS promoting CIT's food drive for the poor........I think I'm going to barf

    ReplyDelete
  34. http://www.zerohedge.com/news/2013-03-18/complete-eurogroup-statement-cyprus

    ReplyDelete
  35. http://blogdogcicle.blogspot.com/2013/03/cash-confiscation-begins-now-gregory.html

    ReplyDelete
  36. Just watched Peter Schiff school Miarrhea and Bob Pisani about Cyprus on CNBS. I will post the Youtube video if it becomes available. What morons those two hacks are!

    ReplyDelete
  37. http://www.youtube.com/watch?v=mG1ix746KZo&feature=player_embedded

    Interesting viewpoint.....

    ReplyDelete
  38. We are about to see massive amounts of physical bullion being bought up by money exiting the Southern Euro banks by large depositiors...they have no where to go........I agree with Sinclair......they might get a stab down in the paper price but its going to be Katy bar the door after the Cyprus ruse...........gl

    ReplyDelete
  39. Phil Davis was pretty merciless today about this Cyprus situation claiming it's about the rich people whining about their money. He states most people have just small balances in Cyprus banks. Thus, taking a small percentage of their money is a small "tax" on these people. But, for the rich, a 10% "tax" on large deposits is a real bite. He goes on & on that the rich have been stealing from the poor for years, so it was time to steal from the rich.
    Seems to me that two wrongs don't make it right. Also, if much of the money there is Russian, there is going to be hell to pay.

    ReplyDelete
    Replies
    1. Theft by any other name still stings whether Rich or Poor and the Russians will sting back...

      Delete
  40. Contagion Risk

    Those who think there is little risk of a levy being imposed on other periphery members are missing the point. The seeds of doubt have been planted. As a saver facing zero yields on deposits and a potential haircut, why keep your savings in a bank? Sure it is convenient for electronic transactions, but individuals can adapt easily. As one of my more amusing colleagues put it, “mattresses
    now hold a 10 per cent premium”.

    http://www.zerohedge.com/news/2013-03-19/cyprus-oh-irony

    ReplyDelete
  41. 10-Year down 0.03 to 1.93!

    Did anyone happen to catch the documentary "American Winter" on HBO last night? The true impact of the economic crisis on middle class families...it's shocking, frightening and very sad.

    ReplyDelete
    Replies
    1. one of the saddest things i've ever seen. i could not help crying. i've been giving money to food pantries for years. i think i will just double it.

      Delete
  42. Damn wanted to buy the Gold binary on this morning smackdown but decided to wait until I got into work. Mistake! That trade has been a winner 4 out of 5 for me.

    ReplyDelete
  43. Ahhhhh....and for the diversion....Red??

    http://blogdogcicle.blogspot.com/2013/03/ww3-syrian-rebels-use-chemical-weapons.html

    ReplyDelete
  44. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/19_Sinclair_-_Cyprus_Disaster_Is_Much_Bigger_Than_Being_Reported.html

    ReplyDelete
    Replies
    1. They are after the Russians ....BIG MISTAKE....please read this link above

      Delete
    2. Fascinating read KLI. This hasn't been reported in the mainstream media.

      Small island.... very big fish

      Delete
  45. Trying to save his skin while he "thinks" he still can.....just remember all of you..... "revenge is best served cold"

    ReplyDelete
    Replies
    1. sorry forgot link

      http://www.zerohedge.com/news/2013-03-19/cyprus-finance-minister-resigns

      Delete
    2. Guess someone decided there need to be some culling of some of the puppets and puppeteers.

      Still have to wait until Thursday or whenever they open the bank run flood gates on Russian Money.

      "St. Patrick's Day Massacre"

      Valentine's Day was already taken
      February 14, 1929
      http://en.wikipedia.org/wiki/Saint_Valentine%27s_Day_Massacre

      Grab some popcorn

      Delete
  46. Seems Cyprus has not gone unnoticed....

    http://www.scoop.co.nz/stories/PA1303/S00306/national-planning-cyprus-style-solution-for-new-zealand.htm

    ReplyDelete
  47. This Buds for you.
    Police men, firemen, the mayor of my town
    The dudes hangin off of the paper truck
    Sal and his brother makin mean pizza pie
    Tattoo Tony in his cool muscle shirt
    This is for the people in my neighborhood
    Who help me through the day and make me feel good

    http://www.moneynews.com/MKTnews/Market-Collapse-Predicted-By-Scientist/2013/03/13/id/494569

    ReplyDelete
    Replies
    1. doomer........or is it really just the opposite.....HOPE......either we wash out the immorality and lawlessness that has taken control or we stay in a perpetual state of tertiary syphilis as a nation and world....

      Delete
  48. gold now poised to move up and challenge 1620....holding 1600 very important level.....even though it may fail tomorrow I would NOT despair.....this manipulation game is in trouble

    ReplyDelete
    Replies
    1. KLI: I've been seeing some strange spikes on the gold charts these last few weeks. Today it happened 4 times.

      http://i.imgur.com/ffdkW5q.jpg

      What is this? Algo-bots testing the water? Manipulation by the cabal? Extremely large buy/sell orders?

      Delete
    2. Final stages are nearing... The dollar and gold are going to rise together. Dollar should eventually fall but I know nothing :)

      Delete
  49. http://harveyorgan.blogspot.com/2013/03/cyprus.html

    There are two major problems unfolding here:

    1. The Russian oligarchs and other Russian fronts for the KGB have huge deposits inside the Cypriot banks. I know Russians and they will not be happy campers to see confiscation of some of their deposits. I would not want to be a Cypriot politician who voted to the agreement, or a German politician as Russians like to settle their disagreements through the barrel of a gun.

    2.The cat is now out of the bag. It does not matter if the deal goes through or not as the world now knows that the big European powers- to -be can do anything it wants, to confiscate wealth. I can assure you that many of these Russian oligarchs are chartering a plane to Cyprus with the goal to remove their cash. This removal of cash will have deadly consequences for Cyprus and again provide for a big mismatch of bank assets with no bank deposits (bank liability). These oligarchs will not place their cash in any Euro destination for fear of confiscation. They will probably seek out Dubai or Istanbul. Gold will be bought in quantity as gold is nobody's liability.

    No doubt many wealthy Spanish, Italian, Portuguese, Irish, and Greek citizens upon seeing the above Cyprus affair, will remove their euros from the banks and head for other safe havens outside of the EU, or buy gold. There is now a premium for cash in your mattress

    ReplyDelete
    Replies
    1. Tom: Cyprus will have many assassinations and disappearances in the coming years.

      Delete
  50. Looks to me like a break above 1620, confirmed would signal a new bull...hesitate to post, every time I do it seems to go opposite way. I have never seen this kind of rally when FOMC meets and tomorrow will be telling as BB speaks at 2 (I think). They sure held silver down tho. ;). BTW, Apmex offering silver at $1 over spot today.

    ReplyDelete
    Replies
    1. Ahh go ahead Sis give it the whammy I won't mind :)

      BTW I noticed that too..... hehehehehe

      Delete
  51. Comic Relief, Sort of.....

    http://www.zerohedge.com/news/2013-03-19/french-minister-tasked-fighting-tax-fraud-resigns-having-secret-swiss-account

    ReplyDelete