Shipping Loans Go Bad for European Banks

January 30, 2012, at 7:37 pm
by Jim Sinclair

The most powerful body in the financial world … made up of the key players of the five largest banks in the USA and other countries … by their actions this week will guarantee QE to infinity. …

They will be making this edict in just a few days. They have to do it again this year. … (Information) should be posted here later this evening. … If you have the time listen to it please. If you don’t have the time listen to it please. If you don’t listen to it do not blame me when all hell breaks loose six months from now.

(Italics mine.)

John Thomas
January 30, 2012

… With the world’s weakest major economy, Japan is certain to be the last country to raise interest rates.

• This is inciting big hedge funds to borrow yen and sell it to finance longs in every other corner of the financial markets.
• Japan has the world’s worst demographic outlook that assures its problems will only get worse. …
• The sovereign debt crisis in Europe is prompting investors to scan the horizon for the next troubled country. With gross debt exceeding 200% of GDP, or 100% when you net out inter-agency crossholdings, Japan is at the top of the hit list.
• The Japanese long bond market, with a yield of 0.98%, is a disaster waiting to happen.
• You have two willing co-conspirators in this trade, the Ministry of Finance and the Bank of Japan, who will move Mount Fuji, if they must, to get the yen down and bail out the country’s beleaguered exporters.

When the big turn inevitably comes, we’re going to ¥100, then ¥120, then ¥150. That could take the price of the leveraged short yen ETF (YCS), which last traded at $41.43, to over $100. But it might take a few years to get there. The fact that the Japanese government has come on my side with this trade is not any great comfort. Many intervention attempts have so FAR been able to weaken the Japanese currency only for a few nanoseconds. …

Noted hedge fund manager Kyle Bass says he is already in this trade in size. All he needs for it to work is for Japan to run out of domestic savers essential to buy the government’s domestic yen bond issues, who have pitifully had sub 1% yields forced upon them for the past 17 years. Then the yen, the bond market, and the stock market all collapse like a house of cards. Kyle says that could happen as early as the spring. …

My name is Michael Lombardi. You may have heard of me. Maybe you are one of the hundreds of thousand of investors who get my daily Profit Confidential column.

Or maybe you’ve heard of my company, Lombardi Publishing Corporation. I started it back in 1986. …

Over the past decade, I’ve been widely recognized as the predictor of five major economic events.

Here they are …

1. Told my readers to get into gold in 2002;
2. Told them to get out of the housing market in 2006;
3. Predicted the recession of late 2007;
4. Told  my readers to get out of stocks in the fall of 2008; and
5. Told my readers to get back into stocks in March of 2009.

On May 2, 2011 I told my readers a stock market crash was headed our way. From May 2, 2011 to October 4, 2011, the Dow Jones Industrials fell 2,472 points. …

What I’m about to tell you, my prediction number six, which is about to happen, is so off the wall, so controversial, I didn’t want you to think it was coming from some kind of quack. …

Something very big will happen in America within the next 180 days. It will be more devastating than the credit crisis of 2008. …

The economy is slowing. Retail sales in the U.S. are running at their slowest pace in five months. After trillions of dollars the government has pumped into the economy to revive it, U.S. corporations ended the 2011 with their slowest profit growth in two years.

Last year was the worst year for new home sales in the U.S. since 1963! And a glut of foreclosed resale homes still overhangs the housing market. Housing prices are set to fall again in 2012. …

The underemployment rate … stands stubbornly at 15% in the U.S.

Banking is still a mess. Europe’s debt crisis is a huge problem for American banks; their exposure is close to $1 trillion.

Many European countries are in a recession again and I believe the United States is on the cusp of falling back into a recession. … But this is not the real problem. …

Our budget deficit this year will be $1.3 trillion. Our official national debt exceeds $15 (heading for) $16.4 trillion. Our unofficial national debt, when you take into account unfunded liabilities and entitlement to our citizens, is closer to $100 trillion. …

Fannie Mae and Freddie Mac own or guarantee half the residential mortgages in America. Who owns both of these companies now? Why, it’s the U.S. government. …

Today, what do we have in America to carry us into the next boom? Nothing. The Internet isn’t creating jobs. Manufacturing, it’s gone to Mexico, India and China. …

Interest rates have remained so low for so long that inflation will become a serious problem for America in the months and years ahead. …

my prediction is that this next recession will also be much worse than the 2007-2008 recession and that it will hit as deep as the Great Depression. …

Our government has no money left to bail us out …

If the current bear market rally follows the same path as the bear market rally of 1934 to 1937, we have only a couple of more months left before the next phase of this bear market gets underway, ultimately bringing stock prices below their March 2009 lows. …

Here are my five core beliefs about what’s headed our way and how I plan to actually profit from them….

… Doug believes that an upcoming series of events will likely change the fabric of our society …

The Greater Depression
For years now we’ve been watching the U.S. economy and social system deteriorate … You may … believe that things are improving. But facts don’t lie…

For starters, the homes we live in, which represent the single largest egg in the nest for most households, show no signs of recovering lost values. …

The number of U.S. residents receiving food stamps in America as a percent of the population has grown from 8% to nearly 20% over the past decade …

The unemployment rate … has more than doubled since 2008. …

There is now 7 trillion US dollars circulating in foreign countries. As America cannot deal with its massive debt and consequent credit rating downgrade, foreigners are already getting nervous holding these dollars. Almost any sort of financial calamity could scare some central bank into exiting its dollar position wholesale. And once one of them starts, the race will be on …

And the situation isn’t much better elsewhere around the globe. As Doug says, “As fast as things are going down the drain in the U.S., it’s even worse in the Eurozone. … It’s not just Greece… its Spain, Portugal, Italy, and France is next. At this point there’s no way out. It’s not just Europe and the U.S. Both Japan and China are next.”

So what happens when bankrupt countries like Portugal, Italy, Ireland, Greece and Spain gobble up the latest bailout and saunter back to the trough for more?

The net result is that uneconomic patterns of production and consumption are going to be liquidated …

In fact, Doug and his team believe that when (not if) the huge masses of people in this country find out that unemployment benefits and welfare can no longer be extended it will result in mass hysteria and violent outrage. …

Doug writes: “Governments’ everywhere are creating trillions of new currency units. That’s bad news in many ways. But the good news for speculators is that this crisis will create new market bubbles. Some markets will collapse. For instance I wouldn’t want to own a McMansion in the suburbs, or a so called “collectible” car or bond. Meanwhile other markets are going to turn into manias as investors try to hide from a collapsing dollar. The precious metals market and mining sectors are the first markets to come to mind in that regard.” …

No political party can turn around this ship. The fact is, America is now economically, morally, and intellectually bankrupt.

At $75 trillion in government obligations, the debt level has accumulated to an amount so enormous that it will be impossible to pay back. … And instead of cutting back … the government has chosen to print. …

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ACTA: The Corporate Usurpation of the Internet

Nile Bowie
http://www.activistpost.com/2012/01/acta-corporate-usurpation-of-internet.html

In the wake of a public outcry against internet regulation bills such as SOPA and PIPA, representatives of the EU have signed a new and far more threatening legislation yesterday in Tokyo. Spearheaded by the governments of the United States and Japan and constructed largely in the absence of public awareness, the measures of the Anti-Counterfeiting Trade Agreement (ACTA) dramatically alter current international legal framework, while introducing the first substantial processes of global internet governance. With complete contempt towards the democratic process, the negotiations of the treaty were exclusively held between industry representatives and government officials, while excluding elected representatives and members of the press from their hearings. …

Robert Reich
Tuesday, January 24, 2012

Sheldon Adelson, the billionaire casino owner, … had, before the South Carolina Republican primary, donated $5 million to the pro-Gingrich Super Pac “Winning Our Future” …

Adelson has … cut another $5 million check for Gingrich to go negative on Romney in Florida. …

And, who knows? … They might decide to put in another $5 million or perhaps $20 million into Gingrich’s Super Pac. …

Do you know who Sheldon and Marian Adelson are? Do you know what Gingrich has promised them, or what they think they’ll get out of a Grinch presidency? I don’t. But if Newt becomes President of the United States … Newt will owe them big time. …

(But I know the newt would not yield to pressure like that. His character is too pure; his morals too high.)

Newt Gingrich? Really?

… In the first place, Newt Gingrich is the personification of the word “globalist.” Gingrich is a longtime member of the Council on Foreign Relations (CFR). Gingrich never saw a globalist agenda-item that he did not enthusiastically support such as: NAFTA, GATT, the WTO, FTAA, the North American Union (by whatever name it’s called at the moment), the NAFTA Superhighway, ad infinitum. Gingrich is as much committed to open borders as is Bill Clinton, Al Gore, or Barack Obama. Gingrich is as committed to the advancement of the George Soros-sponsored Agenda 21 “green” initiatives as any person living today.

In the second place, Newt Gingrich’s actual record is fundamentally opposite his constant “conservative” rhetoric. … voting for every kind of welfare program imaginable …

And let’s not forget that, after orchestrating the “Contract With America” … it was Newt Gingrich that quickly abandoned those promises–which led to his eventual resignation following the 1996 elections, when voters fled the GOP in disgust after Gingrich’s compromises. …

William Jasper also reported … at:

http://www.scribd.com/doc/73600337/Speaker-for-Whom-12Dec1994

In the third place, if the current trend toward … a police state disturbs you, Newt Gingrich is the last person in the world you would want to elect President of the United States.

Devvy Kidd writes, “On October 22, 1991, Gingrich voted for … a National Police Corps. … As Rep. Susan Molinari (R-NY), one of Newt’s cheerleaders, explained to Michael Kinsley on CNN’s Crossfire, ‘If it wasn’t for Newt Gingrich, you wouldn’t have a crime bill.’

“Indeed. The Gingrich-led opposition ‘threw’ the game, failing to challenge the bill’s fundamental flaw–that the federal government has no constitutional authority … . ‘That crime bill stank to high heaven,’ charged Pat Buchanan. ‘It federalizes crimes such as spousal abuse, giving the feds police power the Constitution reserves to the states.’”

See Devvy Kidds’ report at:

http://www.newswithviews.com/Devvy/kidd449.htm

The contents of Newt Gingrich’s record in this report are merely the tip of the old proverbial iceberg. … And this is the man Christians and conservatives in South Carolina want to be the next President of the United States? …

Newt Gingrich wants to continue the Wilsonian foreign entanglement philosophy by continuing to send troops to fight undeclared, unconstitutional wars; by continuing to entrap and enrage foreign capitols into conflicts that only serve the interests of international bankers and the military-industrial complex …

If the Republican Party has a death wish, they will nominate Newt Gingrich as their Presidential candidate. Gingrich is a snake-oil salesman … and he will sell America’s sovereignty to an international New World Order and turn our country into a police state. Christians, of all people, should know better.

Newt Gingrich? Really?

January 24, 2012 by The Guru Investor

Top forecaster Norman Fosback says “the market’s fundamental position has evolved to the most favorable alignment in 20 years,” and sees big gains for stocks over the next year and the next five years. … almost 14% annualized. … He says corporate profitability is at an all-time high, but market P/E ratios are back where they were in 1990. As for the European debt crisis, Fosback doesn’t think it will take down U.S. markets …