Monday, May 28, 2012
A reminder of the sharp increase in demand for gold and silver, particularly store of wealth demand, in recent years was seen in the figures released by the China Nonferrous Metals Industry Association in Shanghai today.
Saturday, May 26, 2012
Thursday, May 24, 2012
So instead, Sam decides to block the camera system’s ability to use thermal vision at all. He does this with a few dollars and a hat, gluing small Infrared LED lightbulbs into the cap along with a tiny battery source. The IR lights drown out the CCTV ability to make any clear distinctions in his face, thus preventing any positive ID. Sam is clever, and plants similar IR devices on other people without their knowledge, diluting the attention of Swedish law enforcement officials who are left wondering if their cameras are malfunctioning or if their city is swarming with [protestors].
Wednesday, May 16, 2012
Saturday, May 12, 2012
The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market
According to the Comptroller of the Currency, the "too big to fail" banks have exposure to derivatives that is absolutely mind blowing. Just check out the following numbers from an official U.S. government report....
JPMorgan Chase - $70.1 Trillion
Citibank - $52.1 Trillion
Bank of America - $50.1 Trillion
Goldman Sachs - $44.2 Trillion
So a 2 billion dollar loss for JP Morgan is nothing compared to their total exposure of over 70 trillion dollars.
Overall, the 9 largest U.S. banks have a total of more than 200 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy.
It is hard for the average person on the street to begin to comprehend how immense this derivatives bubble is.
So let's not make too much out of this 2 billion dollar loss by JP Morgan.
This is just chicken feed.
This is just a preview of coming attractions.
Soon enough the real problems with derivatives will begin, and when that happens it will shake the entire global financial system to the core.
Thursday, May 10, 2012
Tuesday, May 8, 2012
My apologies to readers of this blog: I was on vacation for 10 days.
" I can say with 100% certainty that most of us will live to see the climax of the breakdown, and that this breakdown is about to enter a more precarious state before the end of this year. "
"The whole world, in fact, has got something like a giant hairball stuck in its craw. The hairball is composed of filaments of lies wound over a core of supernatural indebtedness. The lies are promises that the debt will be paid back."