EurAnalysis

We are talking in friendly fun about our hairy horny friend.

Keep Learning...

if language subtle,then no problem .its irritating only when language is too gross.(i dont say vulgarity doesnt have its own place in a culture)u understand what i mean.thanks.


add:in fact i like and enjoy such talk.

Today is has been so less from 'Reckon' ... Where are you lover boy ?

But Its very Enjoy

Possible am hurt his feeling just..am saw him cried in the back office

http://economistmeg.com/2012/04/23/s...nds-footsteps/

"Watching developments in Spain since the beginning of April has been source of non-stop déjà vu for anyone who spent 2010 watching events unfold in Ireland...."


Above article a nice concise explanation of where Spain's most likely headed.

ahh.. so cute.. but too bad..

honestly to say... this thread is much more better than ori EU.. so crowd! its ok but too noisy there..

but here is much insightful and teamwork.. well done..

I love to stay it ... maybe some post from me later...


Caring and keep it up with a good work on EU

It's Great... my Lady. Sometimes We need Joke

Would you like visit in GBP/USD and EUR/USD thread's for give your Review, please

In these thread for the good and serious consideration Posting only

hehehhehee.....

ohhh...long time no see......

The Implications Of China Paying In Gold


April 23, 2012, at 5:09 pm
by Jim Sinclair in the category General Editorial |

Comrades In Golden Arms

Dear CIGAs,
The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold.

1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.

2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.

3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference.

4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence.

5. The SWIFT system is becoming ever more a weapon of Western international political will.

6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system’s control in settlement.

7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense.

8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day’s close impossible the following day on an exogenous event.

9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result.

From WWW.JSMINESET.COM

EU Crisis (Key Dates):

From the Page No 1:

--Tuesday, April 24: Spanish T-bill auction.

--Wednesday, April 25: Allotment of ECB three-month long- term refinancing operation.

--Thursday, April 26: Italian T-bill auction.

--Friday, April 27: Italian bond (BTP) auction.

smilemiz,

this is the malaysian member am mentioned about that keep huhuhuhu,both of u very match since u guys are cute

ah promotion melulu

http://www.financialsense.com/contri...y-raise-part-1

Kno's Comments:

Jim Puplava is the most knowledgeable analyst that I know of. He does not write often however when he does you can understand what he is saying with plenty of hard cold facts and graphs.

PLEASE READ IT ALL !!!

Thank You Jim for explaining so clearly the future events that will unfold.

A Few Snippets for AaronWard...

To the average investor the risk of bond yields reversing after falling for 30 years seems inconceivable, especially when compared to equity prices which have gone nowhere over the past 12 years. If one considers probabilities, given the global propensity for central banks to print even larger amounts of money, odds favor stocks over bonds. A study of stock market history would also favor this outcome. The following graph depicts S&P 500 earnings yield and the yield difference on 10-year treasury notes. The earnings yield on stocks is plus 2 standard deviations above the norm. The last time this happened was in 2009 and we now know what followed: a 103 percent gain in the S&P. Similar outcomes followed the 1974, 1979, and 1981 bear markets where spreads between the two rose to similar heights. These outcomes are rare events. When they do occur contrarians should take notice.

http://imagesize.financialsense.com/...comparison.jpg

Flight to Bonds Not Exactly a Flight to Safety

Today, investors are flocking to the perceived safety of government bonds in record numbers. Over the last three years almost $1 trillion has flowed into bond funds, with over $10 billion of inflows during the first week of April alone. With each new hiccup in the stock market, investors liquidate stocks and pour billions into bond mutual funds.

At the institutional level the BOBO trade (Bernanke on/Bernanke off or risk on/risk off) can change weekly or monthly. At the individual level the "risk off" trade is in full bloom and ongoing since the credit crisis began in 2007.

Each new hiccup in the market causes an exodus out of stocks. During the first six trading days of April, when the S&P 500 shed 68 points, investors poured almost $10 billion into bond funds, a monthly rate of $40 billion if continued. If this trend remains in force for another three years investors will have transferred close to $1.5 trillion into bonds. All of this is taking place at a time when official Fed policy is to leave interest rates unchanged until at least late 2014. Recently one Fed governor suggested maintaining low interest rates until 2015–2016 as a distinct possibility if the unemployment rate doesn't improve.

On the surface investors flocking into sovereign bonds appears to be understandable. Investors are frightened by what they have experienced—two bear market declines of nearly forty percent in the last decade have left very deep emotional scars. Friends in the business tell me they have clients who call and demand to be taken out of their positions at any cost. "Just get me out," seems to be a common refrain.

The headlines appear frightening. Trillion-dollar budget deficits, sovereign debt downgrades, trillions of dollars of central bank money printing doesn't seem to deter investors from the signs of trouble in the debt markets. A graph of Greek, Spanish, Italian, and Portuguese yields should be a warning as to what may lie ahead for sovereign debt. (Note: increasing yields mean falling bond prices)

http://imagesize.financialsense.com/.../0423/pigs.jpg

In their paper "The Liquidation of Government Debt," authors Carmen H. Reinhart and M. Belen Sbrancia argue that periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts.

A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks. In the heavily regulated financial markets of the Bretton Woods system, several restrictions facilitated a sharp and rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s. Low nominal interest rates help reduce debt servicing costs while a high incidence of negative real interest rates liquidates or erodes the real value of government debt. Thus, financial repression is most successful in liquidating debts when accompanied by a steady dose of inflation."1

The authors argue that the more subtle and gradual form of restructuring, or "taxation," through financial repression was used successfully by western governments to reduce their debt burdens after World War II. In essence, financial repression in combination with inflation played an important role in reducing government debt.

For investors and today's retirees, financial repression has important implications. The pillars of financial repression are twofold: explicit or indirect caps on interest rates, and a steady dose of inflation created by government deficits, financed by money printing.

http://www.financialsense.com/contri...-fail-part-one

Snippet:

The rhetoric from the Obama administration about a jobs recovery is laughable. Full time employment peaked in July 2007 at 122.4 million. Today there are 113.9 million people classified as full-time, with only 101.3 million working more than 35 hours. There are 8.5 million fewer people with full time jobs today than there were in 2007. That fact is even more disheartening considering the working age population has grown by 10.5 million over the same time span. Taking an even longer term view provides the perspective needed to assess our true economic state. Total nonfarm employment hasn’t grown in twelve years, while the working age population has grown by 30 million people.

http://imagesize.financialsense.com/...-2000-2012.jpg

Obama will tout the fact that we’ve added 3.6 million jobs since the bottom of this recession. What he won’t tout is that hiring of temporary workers surged by 37% and accounted for 25% of all the jobs added since 2009. I’m sure these temporary workers, with no health or retirement benefits, are confident about their future. The facts about jobs and employment are consistent with the 47 million Americans on food stamps (up from 35 million when the recession supposedly ended). It’s a sure sign of recovery when spending on food stamps doubles in the last two years. No depression here, just move along.

http://imagesize.financialsense.com/...-2000-2012.jpg

Record numbers of Americans being added to the SSDI rolls for depression and other illusory disabilities is surely a positive development pointing to a strong economic recovery. In just the first four months of this year, 539,000 joined the disability rolls and more than 725,000 put in applications. “We see a lot of people applying for disability once their unemployment insurance expires,” said Matthew Rutledge, a research economist at Boston College’s Center for Retirement Research. The number of applications last year was up 24% compared with 2008, Social Security Administration data show. Why participate in the labor market when you can collect a government check for life because you are obese or depressed. These are the people no longer in the labor force. Once they go on SSDI, they rarely go back to work again.

There are 240 million voting age Americans. About 130 million will likely vote in the 2012 election based upon recent voter participation results. This means that 110 million Americans don’t give a crap about who runs this country or they’ve come to their senses and realize our votes don’t matter. Between 1840 and 1900 voter participation ranged between 70% and 82% as Americans took their civic duty seriously and believed their vote counted. Since 1913, when the politicians relinquished control of our currency to a private bank controlled by a small group of powerful men, voter participation for President has ranged between 49% and 62%. It hasn’t surpassed 57% since 1968. Now that corporations are people and our candidates are selected by a few rich men, the transformation from a republic to a corporate fascist state is almost complete. During the coming interminable political campaign you will hear about jobs until your ears bleed. I can guarantee that 98% of the rhetoric will be false. Neither party wants the American people to understand the truth about what happened to our economy and jobs over the last 100 years. It has been a bipartisan screw job and ignoring the facts doesn’t change them.

The first fact that can’t be ignored is how many Americans are actually unemployed today. Here is some truth you won’t get from a politician or media talking head:

1. There are 243 million working age Americans.
2. There are 142 million employed Americans.
3. Only 101 million of the employed Americans are working more than 35 hours per week. This means that only 41.6% of all working age Americans have a full-time job.
4. According to the government drones at the BLS, 88 million Americans have “chosen” to not be in the labor force – the highest level in U.S. history.
5. The percentage of Americans in the workforce at 63.8% is the lowest since 1980 and down from a peak of 67.1% in 2000. The difference between these two percentages is 8 million Americans.
6. The BLS reports there are only 12.7 million unemployed Americans in the country, down from 15.3 million in 2009.
7. The BLS reports the unemployment rate has dropped from 10% in late 2009 to 8.3% today. Over this time frame the working age population grew by 5.7 million, while the number of employed Americans grew by 3.6 million. Only a government drone could interpret this data and report a dramatic decline in the unemployment rate.

Would You Like a Side Order of Facts with That Propaganda?

When you watch the Wall Street scam artists paraded on CNBC declaring the number of people not in the labor force is going up due to Baby Boomers retiring, you should understand they are propagating a falsehood.

They are either intellectually dishonest or too lazy to do the most basic of research. They are paid millions to impart false storylines to anyone dumb enough to watch CNBC expecting facts or a smattering of truth. If you want some truth, turn to John Mauldin and John Hussman. CNBC doesn’t invite these outstanding honest analysts on their station when they can roll out a shill like Abbey Joseph Cohen or James Paulson. They wouldn’t want some factual analysis when they can have Becky Quick do one of her frequent handjob interviews with that doddering old status quo fool Warren Buffet.

A critical thinker might wonder how could real disposable income be dropping over the last three months and only have risen by 0.3% in the last year if we’ve had the strong job growth voiced by Obama. Could it be the jobs being created are extraordinarily low-paying? There are signs of desperation everywhere you look. The two charts below, from one of John Mauldin’s recent articles, reveal the truth about the Baby Boomers retiring storyline. The first chart shows the employment level for those over the age of 55 since 2007. There were 25.3 million people over the age of 55 working in 2007 and there are 30.1 million working today. People over 55 have seen their total employment level rise by 4.8 million jobs since the beginning of the recession, and over 3 million jobs since the 3rd quarter of 2009. Total employment is down by 4 million since 2007, while employment among those over 55 is up 19%. John Hussman described the reality about employment in his recent weekly article:

“If you dig into the payroll data, the picture that emerges is breathtaking. Since the recession “ended” in June 2009, total non-farm payrolls in the U.S. have grown by 2.32 million jobs. However, if we look at workers 55 years of age and over, we find that employment in that group has increased by 3.04 million jobs. In contrast, employment among workers under age 55 has actually contracted by nearly one million jobs, regardless of which survey you use. Even over the past year, the vast majority of job creation has been in the 55-and-over group, while employment has been sluggish for all other workers, and has already turned down.”

I wonder how Larry Kudlow will spin this.

http://imagesize.financialsense.com/...-2007-2012.jpg

There are high paying good jobs in America, but there aren’t many and on-line college graduates from the University of Phoenix aren’t going to get them. The highest paying jobs today require a high level of specialization and education, especially in the healthcare and technology industries. This disqualifies the vast majority of government run public school graduates. High paying manufacturing jobs which were the backbone of the country during the 1950s and 1960s are gone forever. The reasons for this transformation are multifaceted and will be addressed in Part Two of this article. It didn’t happen by accident and there are culprits to blame. The conversion of our country from making high quality things other countries needed to a debt driven service economy of paper pushers, hash slingers, and retail “specialists” has slowly but surely destroyed the middle class.
This result is not an accident. It was set in motion by the actions of a handful of rapacious, wealthy powerful men that have been calling the shots in this country for the last hundred years. It wasn’t a planned conspiracy but the logical result of man-made inflation, a fiat currency not backed by gold, the craving of rich men to become richer, a willfully ignorant populace, and a slow devolution of our society into a corporate fascist state. We praise and honor psychopathic criminals while scorning and ridiculing the middle class workers that built this country. The American dream has become a nightmare for the millions of unemployed and underemployed. The acceleration of debt accumulation and money printing guarantees this rotting carcass of a country will go belly up in the foreseeable future.

“Thus did a handful of rapacious citizens come to control all that was worth controlling in America. Thus was the savage and stupid and entirely inappropriate and unnecessary and humorless American class system created. Honest, industrious, peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage. And they saw that praise was reserved henceforth for those who devised means of getting paid enormously for committing crimes against which no laws had been passed. Thus the American dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun.” - Kurt Vonnegut

In Part Two of this article I will examine how we got to this point and what is likely to happen next.

http://www.financialsense.com/contri...-fail-part-one