History Repeating

Sibel Edmonds: USA Is The Creator & Sustainer of Chechen Terrorism

"They are going to tell you about the new frontiers in the so-called Islamic Terror Cells: The Caucasus and Central Asia. They’ve been planning this for a long time. In fact, the plans were in motion as early as the mid-1990s. Since 2002, despite the gag orders and attacks, I have been talking about: Central Asia & the Caucasus. I have been talking about our operations-grooming our very own terrorists in that region. I have been talking about Chechnya." Continue reading →

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Ex-Soros Advisor Sells Japan Holdings, Shorts Bonds; Sees Crash, Default, Hyperinflation

"Fujimaki said he recently bought put options for Japanese government bonds of various maturities, without elaborating. He continues to hold real estate in Japan and options granting the right to sell the yen against the greenback expiring in less than five years. He also holds assets in U.S. dollars and currencies of other developed nations. 'Japan’s finance is sinking into the ocean,' Fujimaki said. 'There’s no escape from a market crash in the future when you have such enormous debt. By expanding the monetary base to 270 trillion yen, the BOJ is making a huge bet which I think it will ultimately lose,' Fujimaki said in an interview in Tokyo on April 11." Continue reading →

Continue ReadingEx-Soros Advisor Sells Japan Holdings, Shorts Bonds; Sees Crash, Default, Hyperinflation

Echoes of the bubble in agents’ descriptions of real estate markets

"Astonishingly low mortgage rates, which the Federal Reserve has driven down in the hopes of stimulating borrowing and goosing the economy, have given qualified purchasers more buying power. A 1 percent decline in mortgage rates increases buying power by about 10 percent. Even though agents might worry about overvalued homes, that's not stopping buyers from bidding up prices, a phenomenon happening in markets with tight inventories across the U.S. Maxwell Rabin, an agent at TTR Sotheby's International Realty, said the Washington, D.C. market is experiencing 'very, very high demand and almost historically low supply.'" Continue reading →

Continue ReadingEchoes of the bubble in agents’ descriptions of real estate markets

Bill Bonner: $10,000 each in two suitcases

"Price controls didn't work for the Romans. They didn't work for the Germans. They didn't work for the Zimbabweans or any of the other hundreds of governments that have tried them. But who knows? Maybe they'll work for the Argentinians. But inflation is just getting started here. The rate is officially about 10%. Unofficially, it's 30%. Officially, you can trade a dollar for 5.4 pesos. Unofficially, you'd be a fool to do so. The black market rate is eight to the dollar – and more. So what do we do? Every time we come to Argentina we bring the maximum - $10,000 each – in $100 bills. Then, when we need to buy things, we trade our dollars on the black market." Continue reading →

Continue ReadingBill Bonner: $10,000 each in two suitcases

History’s Hidden Engine

"Chronicling the new and revolutionary science of socionomics, History’s Hidden Engine is the result of more than three years of research and dedicated filmmaking by David Edmond Moore. In just 59 minutes and with the help of pop songs, news footage and cultural images, this documentary explores how social mood drives trends in movies, music, fashion, economics, politics, the media, and even the stock market. Moore traveled North America to capture the insights of 17 brilliant minds at the vanguard of socionomic research, and the results are nothing short of astonishing." Continue reading →

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World landmarks go dark for Earth Hour

"The Empire State Building, the Eiffel Tower and the Kremlin—along with a slew of other landmarks around the world—went dark to draw attention to climate change. In a symbolic show of support for the planet, people across the continents switched off their lights for 60 minutes—all at 8:30 pm local time—to make 'Earth Hour.' In bustling New York, that's exactly what happened when the Empire State Building pulled the plug on its nighttime brilliance. In Paris, the city of light, the Eiffel Tower turned off its illumination—but only for five minutes due to security reasons." Continue reading →

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Flamboyant Australian tycoon unveils plan for Titanic replica

"Flamboyant Australian tycoon Clive Palmer unveiled his plan Tuesday for building a perfect replica of the Titanic — plus a lot of extra lifeboats. More than a century after the original, supposedly unsinkable ocean liner hit an iceberg and went down in the North Atlantic, Palmer thinks the time has come to complete the unfinished journey to New York. Featuring the same rigid divisions as in 1912 between first, second and third class, passengers will eat either in an ornate dining room or at a long common table. Passengers in the luxury section will enjoy the identical grand staircase and reproductions of the original Titanic’s Turkish bath and swimming pool." Continue reading →

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FDR Pulled a Cyprus on the American People 80 Years Ago This Week

"This week marks the 80th anniversary of FDR's decree, writes the Daily Bail. It remained the law of the land for more than four decades. Only on Dec. 31, 1974, was it finally repealed by Gerald Ford. Below is a full copy of the Executive Order." Continue reading →

Continue ReadingFDR Pulled a Cyprus on the American People 80 Years Ago This Week

Detlev Schlichter: Global economic policy now firmly in the hands of money cranks

"During the early honeymoon between ‘Abenomics’ and financial reality, the idea of printing yourself to prosperity is likely to have imitators, with the UK being a prime candidate. In terms of total indebtedness, the UK is the one industrialized country that can compete with Japan, meaning it is in the same supersized debt-pickle. Over at Threadneedle Street, the Deputy Governor of the Bank of England, Paul Tucker, openly fantasized about negative interest rates recently, outgoing Governor Mervyn King voted for more QE (overruled), and Governor-elect Mark Carney promises to be, well, – flexible. Bottom line: desperation is spreading. Watch this place!" Continue reading →

Continue ReadingDetlev Schlichter: Global economic policy now firmly in the hands of money cranks

Subprime ABS Securitizations Are Back As Absolute Worst Of The Credit Bubble Returns

"The $604 million issue from consumer lender Springleaf Financial, the former American General Finance, will bundle together about $662 million of loans secured by assets such as cars, boats, furniture and jewelry into ABS, according to a term sheet. Some loans have no collateral. Personal loans haven't been a part of the mainstream ABS market since securitizations from Conseco Finance Corp. in the late 1990s, according to Michael Dean, co-head of Fitch Ratings' ABS group. That market dried up as the recession hit and, under the weight of bad subprime loans, Conseco filed for bankruptcy in 2002." Continue reading →

Continue ReadingSubprime ABS Securitizations Are Back As Absolute Worst Of The Credit Bubble Returns