Phil's Favorites

Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us?

Ilene — Wed, 25 Jan 2012 00:00:00 -0800

Courtesy of Michael Snyder of Economic Collapse Over the past couple of weeks, George Soros, the IMF and the World Bank have all issued incredibly chilling warnings about the possibility of an impending economic collapse. Considering the power and the influence that Soros, the IMF and the World Bank all have over the global financial system, this is very alarming. So are they purposely trying to scare the living daylights out of us? Soros is even warning of riots in the streets of America. Unfortunately, way too often top global leaders say something in public because they want to "push"...

Greek Bondholders Reject Deal; History Lesson on Defaults; The ECB ' s Dilemma; Deadline Laugh of the Day

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

Courtesy of Mish Reuters reports Euro zone ministers reject private bondholders' Greece offer Euro zone finance ministers Monday rejected as insufficient an offer made by private bondholders to help restructure Greece's debts, sending negotiators back to the drawing board and raising the threat of Greek default. At a meeting in Brussels, ministers said they could not accept bondholders' demands for a coupon of four percent on new, longer-dated bonds that are expected be issued in exchange for their existing Greek holdings. Greece says it is not prepared to pay a coupon of more than 3.5 percent, and euro zone finance...

Liquidity is Bullish is All

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

I quoted from this article by Lee Adler of the Wall Street Examiner in the "Week Ahead" section of Stock World Weekly, so part may sound somewhat familiar. Lee tracks the money flows in the financial system which allows him to focus on the real reason stocks go up and down. Forget those quaint, high-minded concepts such as fundamentals and value. The real driver of the stock market is the printing of money by the central banks. Lee watches what they do and where the money goes. ~ Ilene Liquidity is Bullish is All Courtesy of Lee Adler of the...

Decoupalypse Now

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Earlier today, the IMF tongue-in-cheekly attempted to make a serious case that Europe and the US could, for the first time since the formation of the Eurozone, decouple, with a worst-case scenario seeing European growth dropping 4% below baseline, or roughly -5% in late 2012 merely as an attempt to stoke Europeans to finally agree to fiscal easing, even as America grew contently on its merry way of monetary easing. While any hopes of a European "spriteness" are a guaranteed dead end, as confirmed by the Luxembourg finance minister...

Want a Raise? Vote on it! The Swiss do.

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

Want a Raise? Vote on it! The Swiss do. By Bruce Krasting Switzerland is vote crazy. It has a referendum on most issues. There is a vote coming up that I’m sure will pass. This time around, the Swiss are going to vote themselves a big salary increase. As a result, Switzerland will have the highest minimum wage on the globe. That’s nice for the Swiss. The annual minimum wages of Switzerland’s neighbors: (Link) Being on the top of the list of minimum guaranteed income is a positive reflection on the Swiss economy. But it will also bring envy. It...

PAYCHECKS, PERCEPTION, PROPAGANDA & POWER

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

PAYCHECKS, PERCEPTION, PROPAGANDA & POWER Courtesy of Jim Quinn, The Burning Platform “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” - Upton Sinclair I began to write this article in early December. I had just written a piece that attempted to scrutinize how the American public could stand idly by while heavily armed mercenary thugs viciously crushed the Occupy encampments across the country in a Department of Homeland Security coordinated attack at the behest of the ruling oligarchy. Comfortably Numb made a case that the political and economic systems...

Murmuration

Ilene — Tue, 24 Jan 2012 00:00:00 -0800

Courtesy of James Howard Kunstler On last week's PODCAST, Duncan and I yakked about an important concept introduced by Nicole Foss at THE AUTOMATIC EARTH blog site. This concept was "the trust horizon," which outlines how legitimacy is lost in the political hierarchy. That is, people stop trusting larger institutions like the federal or state government and end up vesting their interests much closer to home. Thus, life de-centralizes and becomes more local by necessity. Your own trust horizon extends only as far as other persons, businesses, institutions, and authorities immediately around you - the banker who will meet with...

Monday Market Musings - More Monetary Madness

Ilene — Mon, 23 Jan 2012 12:31:17 -0800

Monday Market Musings - More Monetary Madness Courtesy of Phil of Phil's Stock World More Free Money - OR ELSE! That's the rally cry from the new IMF chief (appointed under mysterious circumstances). Lagarde gives the cry in Berlin this morning as she warns that the world will descent into the 1930s without - among other things - greater resources being devoted to various bailout mechanisms - the EFSF, the ESM, and of course, the IMF. As we turn the page on a turbulent year, a year in which so much of what could go wrong did go wrong, many...

Charting The U.S. (Un)Recovery