Wednesday, June 22, 2011

Wednesday Night Quiet Time (updated)

University of British Columbia Library

10:09 am (Hawaii) Opened a small position in FAZ (again) at 48.28 before the bell. I've had positions in the past month, but missed the ride to 52. I don't expect 52 overnight, but it's coming. There's no catalyst for the market until earnings, and on the downside, the end of QE2 is roughly a week away. Sure, QE3 or whatever its code name is could arrive any time, but as Helicopter Ben indicated today, the Fed is rushing neither to raise interest rates nor implement drastic action. All that really came out today from his speech is that he's narrowing his focus a bit on inflation.

Short term, that's bad news for the banksters. Greece may be leading the way toward austerity in Europe, small and limpish as it is in scope. Austerity is bad for banksters. Even QE3 won't save them long term. It's a matter of not if, but when.

Charles Hugh Smith: 'Growing your way out of debt' is a fantasy (June 22 2011)
Economic Collapse: National debt (June 22 2011)
Bill Gross: School Daze (June 22 2011)
(video) Wall St for Main St: Jon Hykawy rare earths interview (June 21 2011)
RT: Netherlands mint scannable coins (June 22 2011)
100 years Mint Building Coin 2011
• A scannable coin in 3D by the Netherlands
(video) Multiple view, Herdenkingsmunt 100 jaar Muntgebouw (June 21 2011) 100 jarr Muntgebouw Vijfje Zilver Proof
• Is this .999 silver?
Harvey Organ: Another massive drain of silver from vaults (June 22 2011)
• "The bankers are getting a little nervous. ... It looks like there will be a raid tomorrow."
(audio) Peter Schiff: Fed Reserve is buying all bonds and then some (June 22 2011)
(video) Ron Paul: 'We should have come home a long time ago' (June 22 2011)
(video) David Stockman: This was Bernanke's swan song (June 22 2011)
• This guy is riling up the banksters. He leaves no stone unturned in pointing out the corrupt.
Ivory Johnson: The Greek tragedy of debt (June 22 2011)
The Telegraph: Allied Irish Bank has 'defaulted' says derivatives body (June 22 2011)
John Embry: Western Central Banks don't have 30,000 tons of gold (June 22 2011)
Turd Ferguson: The Big 4 (June 22 2011)
• Sensei Turd's look early in the morning
Peter Schiff: US set to default, silver headed to $200 (June 22 2011)
Daily Bell: Federal Reserve 'embeds' employees in banks (June 22 2011)
Ron Paul: Strange definitions of war and peace (June 21 2011)
(video) Silverfuturist: New SLA general - Davincij15 (June 21 2011)
(video) stellaconcepts: New Pamp Suisse silver + giveaway (June 21 2011)
(video) Israel TV: Niall Ferguson, Casesarea Forum (June 20 2011)
Ralph Benko: The emerging new monetarism: Gold convertability to save the euro (June 13 2011)

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