25 Apr 2013


Deek Jackson

JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low

Tyler Durden's picture We are confident that in the aftermath of our article from last night "Just What Is Going On With The Gold In JPMorgan's Vault?" in which we showed the absolute devastation of "eligible" (aka commercial) gold warehoused in JPM's vault just over the Manhattan bedrock at 1 Chase Manhattan Place (and also in the entire Comex vault network in the past month), we were not the only ones checking every five minutes for the Comex gold depository update for April 25. Moments ago we finally got it, and it's a doozy. Because in just the past 24 hours, from April 24 to April 25, according to the Comex, JPM's eligible gold plunged from 402.4K ounces to just 141.6K ounces, a drop of 65% in 24 hours,and  the lowest amount of eligible gold held at the vault on record, since its reopening in October 2010!
Everyone has seen what a run on the bank looks like. Below is perhaps the best chart of what a "run on the vault" is.

The absolute collapse in JPM's eligible gold inventory, means total Comex eligible gold has fallen to just 5.8 million ounces, half of what it was in early 2011, and back to levels last seen in March 2009.

"What Is Inflation In Argentina?"

Tyler Durden's picture It seems like such a simple question... but the reaction of Argentina's Economy minister to this straightforward inquiry has to be seen to be believed in this brief clip. And do not raise the question of the IMF's doubts about the Argentinian 'official' statistics... just remember, it's for your own good.
A working understanding of Spanish is helpful, but certainly not required.
(h/t @alpepinnazzo) Source

Stalinism of NYSE - Max Keiser with Andrew Maguire

Max Keiser and Stacy Herbert discuss the season for CRASH as algos reading Twitter cause a hack crash in New York; ghost traders in the shadow banking system cause gold 'slaughters' in the precious metals markets and Joe Weisenthal seeks smoke signals from the Pope of Fraud, Ben Bernanke. In the second half of the show Max talks to Andrew Maguire about precious metals markets, manipulation and failures to deliver. Source

Genocide: The Israelis are butchering the Palestinians, EVERY DAY!

Press TV's Documentary "Within Gaza" looks into the horrific humanitarian conditions in the Gaza Strip after routine Israeli offensives.

FLEE!!!: Eurocrats' Cyprus cash grab a template for future stealing!

RT: Nigel Farage believes the days of the Eurozone are numbered, people should withdraw their money from it's banks before what happened in Cyprus happens elsewhere. Source

Banksters: The derivatives crisis

UK Banned Press TV: The derivatives market is the Las Vegas of the world's financial super elite, worth anywhere between 2 to 8 quadrillion dollars (>$1,400,000,000,000,000) compared to about 70 trillion dollars of world GDP. We look at the so-called financial innovations of Wall Street from Collateralized Debt Obligations to Mortgage Backed Securities. A look at US government's complicity; White House and Congress both vested interests not only as recipients of Wall Street largess in the form of campaign donations but as major players with criminal asymmetrical information and influence advantages. Source

Experts join concerns over Private Banksters of England and OBR "independence"

Bank of England
By Asa Bennett: Tory MP Mark Field’s fierce attack on the OBR and Bank of England for being “manipulated” by the Chancellor, and his suggestion the BofE is being “overriden” by the government to keep interest rates low, hase received support from economic commentators.
Field’s concern about the OBR’s independence and whether it could be in the “pocket of the government” has gained weight following comment from a senior Labour politician.
John Mann MP, member of Parliament’s Treasury Select Committee, said: “Of course the OBR is terrified of moving outside Treasury ‘groupthink’ - hence its repeated overstating of growth in its predictions.
“The consequence of this is higher inflation, and this is an increasing problem - what I call the Japanisation of our economy”.
Max Keiser, the outspoken financial presenter on the Russia Today TV channel, told LondonlovesBusiness.com that he agreed with Field’s concerns about the Bank’s independence.
Asked if he thought Field was right in asserting the BofE had an “arrangement” with the Chancellor to keep interest rates low, he said: “What we learned from the Libor scandal is that the Bank of England works with private banks to rig LIBOR rates; a multi-hundred trillion dollar global market that underlies virtually all markets, so the answer is ‘yes,’ sadly’”.


Business community discontent pushes EC into plans for total control
Draconian new property tax a condition of receiving bailout loan
The Slog: Sources in Brussels allege that the European Commission has been exploring ‘stages of media information development’ in order to establish much tighter control over the immediate future of Cyprus. The bottom line will be on-the-ground  fiscal and financial policy management by technocrats. The move is being prepared in the light of a strong desire among influential public figures in Cyprus to get out of the euro as soon as possible. Sources on the island last night confirmed that the business and political communities there remain irreversibly unhappy about the deal reached with the Troika recently.
A three-stage media-spin operation is being hatched in Brussels to rationalise and disguise an effective annexation by the EC of Cyprus.

US Department of Justice secretly gave internet service providers immunity when conducting big brother surveillance

Madison Ruppert: According to documents obtained by the Electronic Privacy Information Center (EPIC), the Department of Justice secretly authorized the interception of electronic communications on certain parts of AT&T and other internet service providers’ networks.
Previously, EPIC obtained documents on the National Security Agency’s Perfect Citizen program which involves monitoring private computer networks. This latest revelation deals with an entirely different program first called Defense Industrial Base Cyber Pilot, or DIB Cyber Pilot, though it is now operating as Enhanced Cybersecurity Services.
While this type of activity might be illegal under federal wiretapping legislation, the Obama administration gave the companies immunity when monitoring networks under a cybersecurity pilot program.
The Justice Department is helping private companies evade federal wiretap laws,” said Marc Rotenberg, executive director of EPIC. “Alarm bells should be going off.”
The alarm bells should get louder when one realizes that while this collaboration between the Department of Defense (DoD), the Department of Homeland Security (DHS) and the private sector began focusing only on defense contractors, the program was massively expanded.


By Jim Quinn:
The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” Aldous Huxley – Brave New World Revisited
The political class set in motion the eventual obliteration of our economic system with the creation of the Federal Reserve in 1913. Placing the fate of the American people in the hands of a powerful cabal of unaccountable greedy wealthy elitist bankers was destined to lead to poverty for the many, riches for the connected crony capitalists, debasement of the currency, endless war, and ultimately the decline and fall of an empire. Ernest Hemingway’s quote from The Sun Also Rises captures the path of our country perfectly:
“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”

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