12 Ominous Signs
For World Financial Markets
Fed, ECB Throwing World Into 'Chaos'
World Marching Towards
Anti-Christ’s Global Currency
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six (Rev. 13:16-18).
12 Ominous Signs For World Financial Markets
Oct. 10, 2010 (Oct. 6, 2010 )
12 Ominous Signs For World Financial Markets
By Michael Snyder - BLN Contributing Writer
http://blacklistednews.com/12-Ominous-Signs-For-World-Financial-Markets-/10915/0/13/13/Y/M.html
Can anyone explain the very strange behavior that we are seeing in world financial markets right now? (See: Get Ready For A World Currency [Economist; 01/9/88, Vol. 306, pp 9-10] The Phoenix Dollar Advantage Russia Proposes Creation Of Global Super-Reserve Currency). Corporate insiders are bailing out of the U.S. stock market at a very alarming rate. Investors are moving mountains of money into gold and other commodities. In fact, there is such a rush towards gold that shortages are starting to be reported in some areas. Meanwhile, some very, very unusual option activity has started to show up. In particular, someone is making some incredibly large bets that the S&P 500 is going to absolutely tank during the month of October. Central banks around the world have caught a case of “loose money fever” and are apparently hoping that a new flood of paper money will shock the global economy back to life. Meanwhile, the furor over the foreclosure procedure abuses of the major U.S mortgage companies threatens to bring even more turmoil to the U.S. housing industry.
There are some very ominous signs that something is just not right in world financial markets right now. Some of the signs listed below may be related. Others may not be. That is for you to decide. Often, just before something really bad happens, you can actually see the rats leaving a sinking ship if you know where to look. The truth is that if things are going to go south it is the insiders who know before anyone else. So are some of the signs below actually clues for what we should expect in the months ahead? Maybe. Maybe not. You make your own call. But it is becoming hard to deny that there are some serious danger signs out there at this point….
#1 Corporate insiders are getting out of the U.S. stock market at an absolutely blinding pace. It is being reported that the ratio of corporate insider selling to corporate insider buying several weeks ago was 1,411 to 1, and this past week the ratio has soared even higher and is at 2,341 to 1.
#2 Many of the world’s wealthiest people are buying absolutely massive quantities of gold right now.
#3 It is being reported that J.P. Morgan is gobbling up the rights to as much physical gold as it possibly can.
#4 The United States Mint has announced that it has run out of 1-ounce, 24-karat American Buffalo gold bullion coins and that it will not be selling any more of them in 2010.
#5 It is becoming increasingly difficult to explain the unusually high option volume that we are witnessing right now.
#6 Some very large investors are making massive bets that the S&P 500 is going to take a serious tumble during the month of October.
#7 On Tuesday past, the Bank of Japan shocked world financial markets by cutting interest rates even closer to zero and by setting up a 5 trillion yen quantitative easing fund.
#8 The president of the Federal Reserve Bank of New York and the president of the Federal Reserve Bank of Chicago are both publicly urging the Fed to do much more to stimulate the U.S. economy, including beginning a new round of quantitative easing, even if it means a significant rise in the U.S. inflation rate.
#9 Nobel Prize-winning economist Joseph Stiglitz told reporters on Tuesday that the loose monetary policies of the Federal Reserve and the European Central Bank are throwing the world into “chaos.”
#10 At the end of September, federal regulators announced a $30 billion bailout of the U.S. wholesale credit union system.
#11 Bank of America, JPMorgan Chase and GMAC Mortgage have all suspended foreclosures in many U.S. states due to serious concerns about foreclosure procedures. Now, Texas Attorney General Greg Abbott is actually demanding that all mortgage servicing companies in the state of Texas immediately suspend all foreclosures, the selling of foreclosed properties and the eviction of people living in foreclosed properties until they have completed a review of their foreclosure procedures.
#12 Not only that, but Nancy Pelosi and 30 other members of Congress are requesting a federal investigation of the foreclosure practices of U.S. mortgage lenders. Needless to say, this controversy has the potential to turn the entire U.S. mortgage industry into an absolute quagmire.
So are dark days ahead for world financial markets? Well, yeah, but it is incredibly hard to predict exactly when things are going to fall apart. The U.S. economy is undeniably in decline. The only thing keeping the economy going at this point is a rapidly growing sea of red ink. Debt is literally everywhere. It is what our entire financial system is based on in 2010. In the months and years to come, the major players are going to try very hard to keep all the balls in the air and to continue the massive shell game that is going on, but in the end the whole thing is going to collapse like a house of cards. Unfortunately, we have been destroying the U.S. economy for decades and there is simply not going to be a happy ending to this story.
Insider Selling To Buying: 2,341 To 1
Oct. 5, 2010
Insider Selling To Buying: 2,341 To 1
by Tyler Durden
http://www.zerohedge.com/article/insider-selling-buying-2341-1
Best Buy Google Insider Selling: Sorry kids, we just report the news... as ugly as they may be. After last week saw an insider selling to buying ratio of 1,411 to 1, this week the ratio has nearly doubled, hitting a ridiculous 2,341 to 1. And while Wall Street and CNBC will have you throw all your money into leading techs like Oracle and Google, insiders in these names sold a combined $200 million in stock in the last week alone (following Oracle insider sales of $223 million in the prior week). Insiders can not wait to get out fast enough. There was insider buying in 2 (two) companies last week: General Dynamics and Best Buy, for a whopping total of $177,064. At the same time sales were a total of $414 million: so is anyone wondering why JPMorgan is reopening its gold vault... Anyone left holding the bag on this market when the FRBNY props are taken away, will be left with the same return as all those investors who entrusted their money with Madoff. Guaranteed.
Weekly Insider Buying and Selling by S&P 500 Companies
Oct 4, 2010
Weekly Insider Buying and Selling by S&P 500 Companies
By Bloomberg News
http://www.bloomberg.com/news/2010-10-04/weekly-insider-buying-and-selling-by-s-p-500-companies.html
Following is a list of companies in the Standard & Poor's 500 Index with shares bought and sold during the week ending Oct. 1. The figures are compiled from Securities and Exchange Commission filings by Washington Service.
TOTAL SALES BY INSIDERS Amount # of Avg.$ Tkr. Company Name Sold($) Shares /Share ============================================================================= ORCL Oracle Corp 135,302,300 5,000,000 27.06 GOOG Google Inc 69,172,529 132,215 523.18 PM Philip Morris International 27,834,906 498,558 55.83 NKE NIKE Inc 26,631,063 336,556 79.13 KMX CarMax Inc 15,511,651 569,665 27.23 ALTR Altera Corp 13,890,345 473,552 29.33 MUR Murphy Oil Corp 8,791,407 144,945 60.65 RHT Red Hat Inc 8,565,105 210,101 40.77 AZO AutoZone Inc 8,543,407 37,498 227.84 NTAP NetApp Inc 6,714,069 133,635 50.24 CRM Salesforce.com Inc 6,326,000 55,335 114.32 BF.B BASF SE 6,187,474 100,489 61.57 CTSH Cognizant Technology Soluti 5,908,060 91,000 64.92 WMT Wal-Mart Stores Inc 5,282,930 99,024 53.35 WEC Wisconsin Energy Corp 5,233,773 90,000 58.15 HSP Hospira Inc 5,206,038 91,334 57.00 QCOM QUALCOMM Inc 5,171,606 115,794 44.66 NOV National Oilwell Varco Inc 4,915,579 109,333 44.96 CAM Cameron International Corp 4,265,530 100,000 42.66 BBBY Bed Bath & Beyond Inc 3,261,648 75,000 43.49 AAPL Apple Inc 2,913,900 10,000 291.39
-- Bloomberg News To contact Bloomberg News for this story: +1-212-318-2000 or newsdev@bloomberg.net
Super-Rich Investors Buy Gold By Ton
Oct 4, 2010
Super-rich investors buy gold by ton
By Laura MacInnis
http://www.reuters.com/article/idUSTRE6932NR20101004
GENEVA (Reuters) - The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday. Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest. UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce on Monday, near the record level reached last week. "We had a clear example of a couple buying over a ton of gold ...and carrying it to another place," Stadler said. At today's prices, that shipment would be worth about $42 million. (SEE: The Forced Economic Collapse & Coming Global Currency The Global Financial Crisis & The Safety Of Gold? Read Executive Order 6102).
Julius Baer's chief investment officer for Asia is also recommending that wealthy investors park some of their assets in gold as a defensive stance following a string of lackluster U.S. data and amid concerns about currency weakness. "I see gold as an insurance," Van Anantha-Nageswaran said. "I recommend 10 percent as minimum in portfolios and anything more than that to be used for trading purposes, to respond to short-term over-bought or over-sold signals."
Ultimate Bubble?
Billionaire financier George Soros, echoing comments from investment guru Warren Buffett, last month described gold as the "ultimate bubble" because it is costly to dig up and has no real value except its market price. But a rising price for the precious metal has in itself generated more and more demand from investors looking for a way to hedge against a fresh recession. Gold bears no yield and is uncompetitive in an environment of rising interest rates. The uneasy outlook for inflation, hard currencies and global growth has triggered a five-fold increase in a physical gold fund launched by Pictet one year ago, the Swiss private bank said.
UBS's Stadler said the precious metal has become a staple of investors' portfolios, despite questions about whether it makes for a smart long-term investment. "If you talk to ultra-high net worth individuals, that level of uncertainty has never been higher in the last two, three, four years," he said. "If they ask me, 'Is inflation going up or are we entering a deflationary cycle?,' I don't know. But obviously nobody knows." Anthony DeChellis, managing director of Credit Suisse's Americas private banking unit, said at the Reuters summit in New York that clients are more interested in capitalizing on the rise in gold prices than using the precious metal as a safe-harbor investment. "They're asking, 'If it's a bubble, how far can I ride that bubble,'" he said. "I cannot say we've seen a spike in gold interest, but there's an interest in the phenomenon of it."
The Federal Reserve Is Selling Paper Gold And Buying Physical Gold
The Good Ole ‘American Way’ – Through Proxies
Oct. 4, 2010
The Federal Reserve is Selling Paper Gold and Buying Physical Gold
by Rob Kirby
http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold
A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement – physical metal only. I asked them if they would be interested in purchasing an “option” – cash up front - for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a set number of ounces for 3 – 5 years “at the market” – using LBMA pricing [a.m. / p.m. fixes] in the future. The answer I got back from my associates was “show us a terms sheet, we definitely have interest.” So, I spoke to a friend who is very close to an intermediate producer who is in the mode of raising money right now. I had them ask the producer if they would have interest – the producer said, “YES, we are interested - but just to let you know – J.P. Morgan has been asking us if we would sell them the same option.”
So, while gold producers have shuttered their “gold hedge books” – the Bullion Banks are ‘synthetically’ trying to keep physical output captive – I would suggest FOR THE EXPRESSED REASON THAT THEY SELL EVERY PHYSICAL OUNCE AT LEAST 100 TIMES OVER. Gold is going to get EXTREMELY scarce in the future folks. Big money interests are now cutting off [or bidding for / gaining exclusive access to] the traditional bullion supply chain “at the pit.” The shorts of ‘paper gold’ at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers’ future production so they can try to fudge their way through an unmitigated fraud and settle a big enough chunk of their bad bets to keep this ‘systemically ruinous’ precious metals ponzi-scheme alive.
The academic research that outlines the inter-relatedness of gold and interest rates is succinctly laid out in a 2001 treatise, Gibson's Paradox Revisited, by Reg Howe. From this one can deduct that ANY rigging of the gold price must go hand-in-hand with simultaneous rigging of interest rates. Folks would do well to realize how neatly emerging details of Fed surrogate Morgan’s ‘stealth’ activity in the bullion market dovetails with their obscene, obsequious activity elsewhere in their derivatives book – particularly their JUMBO TRILLIONS sized interest rate swap positions. Stealth activity on the part of the Fed – utilizing proxy institutions to generate limitless artificial demand for any and all U.S. Government Debt – effectively gives the Fed control of the long end of the interest rate curve [the bond market].
From a timing perspective, it is also noteworthy that gold price rigging – long maintained by GATA – is alleged to have begun in earnest during the Clinton Administration with the appointment of Robert Rubin as U.S. Treasury Secretary [along with understudy Lawrence Summers] in Jan. 1995. Coincidentally [or perhaps not?] we can trace the genesis of the “explosion” in the use of derivatives [mostly interest rate] to that exact same time frame. In fact, if we follow the time line in ‘reverse’ – the growth in the use of derivatives appears like a trail of bread crumbs – right back to the time when Professor Lawrence Summers, under the tutelage of Sir Robert Rubin, brought his academic alchemy to Washington: Does anyone with a pulse really believe that ANY Bank Holding Company in the U.S. would be permitted to have a derivatives position in excess of 75 TRILLION [five times the size of U.S. GDP] if they were not ‘in bed’ with the FED???? If you except the premise that, “J.P. Morgan “is” the Fed,” then, “IT’S REALLY THE FED WHO IS BUYING GOLD” and they [unfortunately, this means “America”] likely have NONE LEFT to sell.
Conclusions: Officialdom will never admit it and it will NEVER be reported in the mainstream financial news but our financial system has NEVER been in a more precarious state. A banking crisis of unparalleled proportions is coming – probably soon – the exact timing is still sketchy.
Fed, ECB Throwing World Into 'Chaos'
Oct. 5, 2010
Fed, ECB Throwing World Into 'Chaos': Joseph Stiglitz
CNBC.com
http://www.cnbc.com/id/39526475
Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into "chaos" rather than helping the global economic recovery, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday. A "flood of liquidity" from the Fed and the ECB is bringing instability to foreign-exchange markets, forcing countries such as Japan and Brazil to defend its exporters, Stiglitz told reporters in a conference at Columbia University. "The irony is that the Fed is creating all this liquidity with the hope that it will revive the American economy," Stiglitz said. "It's doing nothing for the American economy, but it's causing chaos over the rest of the world. It's a very strange policy that they are pursuing."
The U.S. dollar has weakened about 6.5 percent against a basket of major currencies [DXY 77.055 -0.125 (-0.16%)] since the beginning of September as prospects for further monetary easing by the Fed have led investors to seek higher returns elsewhere. That flow of dollars caused currencies to appreciate in many emerging market countries such as Brazil, which offers strong growth prospects. The Japanese yen [JPYX 81.8 0.06 (+0.07%)] has also hit record highs against the dollar on expectation of additional greenback weakness. Recent actions by those countries to curb the strength of their currency were "necessary," Stiglitz added. "It's natural in that context for them to say—we can't just let our exchange rates appreciate and destroy our exports," he said.
On Monday, Brazil doubled a tax on foreign investment into local government bonds, while Japan lowered the target for its benchmark interest rate to a range between zero and 0.1 percent. The Bank of Japan also pledged to buy 5 trillion yen ($60 billion) worth of assets, in a strategy similar to the one adopted by the Fed to pump funds into the economy. But additional monetary stimulus will "clearly" not solve the problems caused by lack of global aggregate demand, Stiglitz said. "Lowering the interest rates may help a little bit, but that's much too weak to address the problems facing the United States and Europe," Stiglitz said. "We need fiscal stimulus."
Conclusion:
The global banks and politicians are engineering global currencies meltdowns. No matter how much gold you own it will be eventually called back in to the central bank. If you refuse you will be sent to jail (and branded a terrorist trading on the black market) under the Trading With the Enemy Act. You will be forced to sell your gold back to the government at deflated prices when the new union currency, and then global currency is established. The ultimate goal is to establish a global, electronic cashless society for the kingdom of the anti-Christ.
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six (Rev. 13:16-18).
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