Deek Jackson
25 Apr 2013
JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low
Submitted by Tyler Durden: 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!
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?"
Submitted by Tyler Durden: 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.Stalinism of NYSE - Max Keiser with Andrew Maguire
Genocide: The Israelis are butchering the Palestinians, EVERY DAY!
FLEE!!!: Eurocrats' Cyprus cash grab a template for future stealing!
Banksters: The derivatives crisis
Experts join concerns over Private Banksters of England and OBR "independence"
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’”.
BRUSSELS MULLING PRE-EMPTIVE ANNEXATION OF CYPRUS
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
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.
ABNORMALCY BIAS
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
“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”
Two ways. Gradually, then suddenly.”