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 Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ??

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PostSubject: Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ??   Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? I_icon_minitimeWed Sep 18, 2013 9:46 am

http://usawatchdog.com/gold-backwardation-the-meltdown-of-all-meltdowns-karen-hudes/


Gold Backwardation-The Meltdown of All Meltdowns-Karen Hudes
18 September 2013 No Comment
Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? HudesBy Greg Hunter’s USAWatchdog.com 
Former World Bank Senior Counsel Karen Hudes says, “It’s pretty clear where we’re headed, and that is something called permanent gold backwardation.  That’s a fancy word for people losing confidence in paper currency.  That means the value of currency in the future is less than today.”  How bad is “permanent gold backwardation”?  Hudes, who spent 20 years at the World Bank, says, “This is not just a bad event.  This is like the meltdown of all meltdowns.  What it means is you cannot finance international trade.”  Hudes goes on to say, “Just think about what that would mean in terms of the jobless rate.  It’s going to make any depression we ever had (the 30’s, 2008) pale in comparison.”  Hudes says even though the credit ratings agencies rate U.S. debt high, they know just the opposite is true.  Hudes contends, “This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.”   What would that look like to the man on the street?  Hudes predicts, “Prices would change on a daily basis.  They would double.  The number of families that would be employed would be in the minority . . . there would be lawlessness.”  Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes.
Related Posts:

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  • Bank Run Happening in Bullion-Jim Willie
  • We are in a Fiat Currency Bubble-James Turk
  • Global Hyperinflation Coming-Nick Barisheff
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PostSubject: Housing Mission Accomplished (?)   Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? I_icon_minitimeWed Sep 18, 2013 9:49 am

http://www.zerohedge.com/news/2013-09-18/housing-mission-unaccomplished

Housing Mission Accomplished (?)
Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? Picture-5
Submitted by Tyler Durden on 09/18/2013 09:06 -0400



  • Bond
  • Housing Starts
  • Recession





inShare7

 
To think it only took $3 trillion in bond and MBS purchases by the Fed and a 300% expansion in its balance sheet in five years to "push" housing starts to levels...  last seen at every recession bottom for the last five decades. The bad news: starts are already rolling over once again.
praise GOD.zerohedge.com/sites/default/files/images/user5/imageroot/2013/09/Starts Wishak.jpg]Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? Starts%20Wishak_0[/url]
Source: Brad Wishak, Newedge
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PostSubject: Re: Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ??   Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? I_icon_minitimeWed Sep 18, 2013 9:52 am

So now you know... the "T" word runs high evereywhere.
shhh, (#^%$(!!t986r0234e1a278s9o)n!@.
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PostSubject: Re: Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ??   Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? I_icon_minitimeWed Sep 18, 2013 9:56 am

SNIPPET:
The process of globalized economic and political governance has been a long and carefully planned one, and the existence of a prosperous U.S. is not a part of the program.

http://www.alt-market.com/articles/1721-is-the-fed-ready-to-cut-americas-fiat-life-support

Is The Fed Ready To Cut America’s Fiat Life Support?
Wednesday, 18 September 2013 01:04 Brandon Smith

It is undeniable that America is thoroughly addicted to fiat stimulus. Every aspect of our economy, from stocks, to bonds, to banks, and by indirect extension main street, is now utterly dependent on the continued 24/7 currency creation bonanza. The stock market no longer rallies to the tune of increased retail sales, growing export markets or improved employment expectations. In fact, “good” economic news today is met with panic and market sell-offs! Why? Because investors and banks still playing equities understand full well that any sign of fiscal improvement might mean the end of the private Federal Reserve’s QE pajama party. They know that without the Fed’s opiate-laced lifeline, the economy dies a fast and painful death.

All mainstream economic news currently revolves around the Fed, as pundits clamor to divine whether the latest signals mean the free money will flow, trickle, or dry up.

Most expect the central bank to make an announcement today on the details of its reduction in stimulus initiatives. Generally, the Fed does not have a tendency to slip information to the media on the possibility of a policy change unless they plan to follow through. Every bailout and QE announcement over the course of the past five years has been preceded by weeks and even months of “rumors” acclimating the mainstream and the markets to the idea of each action long before it was ever implemented. If the Fed avoids clarity on the taper in the coming week, I expect that they will still assert stimulus cuts before the end of this year.

Certain developments, though, are giving false hope to the markets that the stimulus fantasy will go on forever. The resignation of Larry Summers from the “running” for Fed Chairman (as if Obama isn’t being told exactly who he is to pick for the position) has so far put a dash of cheer into the Dow Jones. Strangely, investors seem to believe that without Summers, continued quantitative easing is assured. The reality is that the decision to cut stimulus has likely already been long established and the face of the new chairman will have little relevance.

The idea of the Fed being divided by “hawks” and “doves” is absurd propaganda designed to give the public a false impression that central bank decisions follow some kind of democratic course. Central banks are highly centralized and highly coordinated corporate entities, not governmental councils prone to “debate.” And like any corporation, it is certain that decisions are handed down from the top of the pyramid in totalitarian fashion.

Who is at the top of the pyramid when it comes to the Fed? Only a FULL audit would reveal the truth, and a full audit has never been enforced in the 100-year history of the bank (the only meaningful partial audit ever conducted examined the TARP bailouts, uncovering over $16 trillion in crazed currency printing in that program alone). The point is, the Fed is not a public institution (nor “quasi-public”), it is private, and this private bank is now dominating every miniscule fluctuation in the health of our financial system, openly.

Two questions loom like a black cloud over the stock exchange picnic:

1) Will the Fed cut stimulus soon, and if so, by how much?

2) If the Fed continues stimulus, how long can it last before the dollar’s value is decimated?
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PostSubject: Re: Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ??   Meltdown of All Meltdowns... Gold... then maybe Fukushima or flip flop.. ?? I_icon_minitime

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