January 21, 2015
Obama Howls at the Moon
To find the lies of the day, I just finished reading Obama’s State of The Union Address . The primary lie was easy to spot.
Hard hitting global and local news
Hard hitting global and local news
To find the lies of the day, I just finished reading Obama’s State of The Union Address . The primary lie was easy to spot.
Original post: Forced Conscription: Ukraine to Mobilize 200,000 Armed Forces; Hyperinflation on the Way?
More here: Race for Negative 30-Year Yields Underway, Swiss In Front With 0.295%; Futility of Draghi’s Upcoming QE
Excerpt from: "Endgame for Central Bankers" Says Saxo Bank CIO
For details, please see It Only Takes One: Hedge Fund Manager Who Survived Five Debt Crises Wiped Out Overnight on Swiss Franc Repercussions This Swiss Franc peg story goes far beyond speculation on the Swiss franc.
Link: Is Faith in Central Bankers Ending? Disinflation or Deflation? Yen-Gold, Euro-Gold Trend Breaks
Even if Finland was agreeable to bailout changes, the Size of Greece’s Debt Limits Scope for Solutions . Eurozone finance ministers agreed in November 2012 to consider further debt relief for Greece once it reached a budget surplus before interest payments, which it did for the last two years, and as long as it stuck to its promises of austerity and reform. But how much scope is there to reduce Greece’s debt burden
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Read the article: Copper Plunges to Price Seen February 2006; Copper vs. Gold
The Australian Business Review reports Iron Ore Price Reverse Gathers Pace, With New 2 percent Decline At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US68.50 a tonne, down 1.9 per cent from its previous close of $US69.80 a tonne, and just 4 per cent above the five-and-a-half-year low of $US65.70 reached just prior to Christmas. At the start of the year optimism in the iron ore sector was beginning to grow as the commodity staged a recovery of almost 10 per cent from its December trough, but once again fears of a dead cat bounce are surfacing as oversupply worries dampen investor interest. Iron ore lost about 50 per cent over the course of last year as surging supply could not be met by a similar lift in demand and expansion plans from major producers threaten to exacerbate the oversupply situation in 2015