RussiaToday: ‘Multiculturalism failing’: Violent riots engulf Stockholm suburbs

Posted by on May 22, 2013 No comments

[video]

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Sweden could be paying a tough price for its policies on immigrants and multiculturalism. A Stockholm suburb erupted into violence for a few hours, as crowds of angry, masked youths from migrant families burned cars, smashed windows and hurled stones at police officers.

What’s believed to have fueled the riot was the death of a 69-year-old man, allegedly shot by police in the area last week. The chairman of Sweden’s National Democrats Party Marc Abramsson told RT this new trouble highlights old policy flaws – READ MORE http://on.rt.com/6ug0e5

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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

TFMR: Pre-Bernank Post

Posted by on May 22, 2013 No comments

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via TF Metals Report

Just a quick post as The Bernank is due before Congress at 10:00 a.m. EDT.

read more

ZeroHedge: Five Decades Of Asset Bubbles: Which One Is Next?

Posted by on May 22, 2013 Comments Off

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Or maybe this is a trick question, and the answer for the “New Normal”, when all central banks are coordinating on reflating the biggest asset bubble of all time, is “all of them”…

And some thoughts on the chart above from Obermeyer Asset Management:

The above chart shows that once every ten years or so, some investment theme becomes dominant and takes on bubbly proportions. What these dominant themes seem to have in common are roots in economic factors that morph into “truths” that take on a life of their own. These “truths” have self-reinforcing properties where market prices validate the “truth” and vice versa. This creates a virtuous cycle until market prices become unsustainably high, reverse themselves, and essentially purge the beliefs that created the risky condition. This is often a lengthy process.

 

The purpose of this commentary is not to explore the well-covered ground of how manias form and unwind. Rather, it is to highlight the role of psychology within investment markets and advise caution when conventional beliefs or “truths” begin to take shape. The reality is that there is no single truth that can be relied upon to make money in financial markets. If there were, everybody would be rich. Markets are driven by people, so psychology plays a big role in driving returns on any given day. But a recognition of some of the “truths” evolving within markets can help identify the causes of price trends, which can reveal risks and long-term opportunities.

 

One of the “truths” that seems to be evolving – as evidenced by how investors are allocating their capital – is that interest rates will stay low for a very long period of time. Read more »

via zerohedge

RussiaToday: War on Journalism: FBI accuses FOX reporter of aiding espionage

Posted by on May 22, 2013 No comments

[video]

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The scandal around the US government spying on journalists appears to be spreading. In the latest twist it’s been revealed that personal phone records and e-mails of a Fox News reporter were seized as part of a leak investigation. This latest incident comes hot on the heels of an Associated Press wiretapping scandal, when members of staff had their calls and e-mails monitored. RT’s Washington correspondent Gayane Chichakyan looks at the implications, that these cases might have for journalism in America. And RT news editor, Ivor Crotty, explains why there’s a fear the US government’s war on whistleblowers might go much further.

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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

ZeroHedge: Watch The IRS’ Lois Lerner Plead The Fifth – Live Webcast

Posted by on May 22, 2013 Comments Off

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As we noted yesterday, the IRS’ head of exempt organizations who started the whole IRS targeting scandal, is testifying this morning and is expected to plead the Fifth. One wonders why, if as the IRS claims, there was no illegal or illicit activity involved. Watch her plead “da Fif” live here…

 

Click image for live CSPAN stream…

    

via zerohedge

Who Dares, Wins! Precious Metals Recapture Strategies

Posted by on May 22, 2013 No comments

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silver investor.com, Published on May 22, 2013

Thanks to BrotherJohnF

FSN: “Bare-Bones” Employer Health Insurance Plans Coming Thanks to #ObamaCare

Posted by on May 22, 2013 No comments

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[Ed. Note: More goodies for you compliments of Obamacare. ~Kerry.]

from Sister Toldjah

The Wall Street Journal reports on what National Review Online’s Veronique de Rugy calls one more in the law of ”unintended consequences” to the implementation of our President’s “signature law” – ObamaCare (via Memeorandum -bolded emphasis added by me):

Employers are increasingly recognizing they may be able to avoid certain penalties under the federal health law by offering very limited plans that can lack key benefits such as hospital coverage.

Benefits advisers and insurance brokers—bucking a commonly held expectation that the law would broadly enrich benefits—are pitching these low-benefit plans around the country. They cover minimal requirements such as preventive services, but often little more. Some of the plans wouldn’t cover surgery, X-rays or prenatal care at all. Others will be paired with limited packages to cover additional services, for instance, $100 a day for a hospital visit.

Continue Reading at SisterToldjah.com…

Jim Rogers: Gold Needs A Correction To Find A New Base, A New Bottom

Posted by on May 22, 2013 Comments Off

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The latest from Jim Rogers, author of A Gift to My Children: A Father's Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

“So now, it’s having a long overdue and much needed correction that could last, I don’t know, several days, weeks, months or more. But it’s good for the gold market because gold needs to make a correction, find a new base, a new bottom, and then the bull market can continue.” – in Money News

Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD)

 Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

via jimrogers-investments.blogspot.com

Jim Rogers: We Don’t Want This Paper Money Anymore

Posted by on May 22, 2013 Comments Off

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

The latest from Jim Rogers, author of A Gift to My Children: A Father's Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

“The public is going to say, wait a minute, we don’t want this paper money anymore. It’s too absurd, and prices will go higher, and you’ll have more and more unrest in the world.” – in Money News 

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

via jimrogers-investments.blogspot.com

FSN: Corporate and Social Welfare Courtesy of Crony Capitalism

Posted by on May 22, 2013 No comments

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from europarl

http://www.ukipmeps.org | Join UKIP: http://ukip.datawareonline.co.uk/Join…

• European Parliament, Strasbourg, 22 May 2013

• Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group – http://www.godfreybloommep.co.uk

• Debate: Social pillar of the economic and monetary union
Commission statement
[2013/2642(RSP)]

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• Video: EbS (European Parliament)
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• EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom