LEAKED: Mario Draghi And His Triumvirate Shut Up German Finance Minister To Keep Cyprus From Blowing Up The Eurozone

LEAKED: Mario Draghi And His Triumvirate Shut Up German Finance Minister To Keep Cyprus From Blowing Up The Eurozone (ZeroHedge, Jan 28, 2013):

The state-sponsored chorus about the end of the debt crisis in the Eurozone has been deafening. It even has feel-good metrics: the Euro Breakup Index for January fell to 17.2%—the percentage of investors who thought that at least one country would leave the Eurozone within twelve months. In July, it stood at 73%. For Cyprus, the fifth Eurozone country to ask for a bailout, the index fell to 7.5%. “A euro breakup is almost no issue anymore among investors,” the statement said.

Just then, in a fight over whether or not to bail out Cyprus, top Eurocrats exposed what a taxpayer-funded con game they thought these bailouts really were—and how fragile the Eurozone was.

Read moreLEAKED: Mario Draghi And His Triumvirate Shut Up German Finance Minister To Keep Cyprus From Blowing Up The Eurozone

Chart Of The Quarter: $312 Billion In Debt ‘Adds’ Negative $5 Billion In GDP

Chart Of The Quarter: $312 Billion In Debt “Adds” Negative $5 Billion In GDP (ZeroHedge, Jan 30, 2013):

What was it about the law of diminishing Fed stimulus returns again? But don’t worry: “the market is up.” Because if $165 billion in Q4 stimulus could not even generate a positive GDP return, at least it sent the Russell 2000 soaring.

Source: BEA, Treasury Direct

How The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs

How The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs (ZeroHedge, Jan 30, 2013):

Back in 2011, BlackRock’s Larry Fink revealed one of the great unspoken truths of capital markets, namely that “markets like totalitarian governments.” They also like authoritarian socialism, sprinkled in with a healthy dose of nationalization, because as Bloomberg reports, one of the biggest beneficiaries of over ten years of the “glorious socialist revolution” in Venezuela, coupled with over 1000 nationalizations by the bed-ridden and roughly 15 times deceased Hugo Chavez (if one believes all the rumors), is none other than Goldman Sachs, which generated some 681% in returns due to “aligning its interests” with those of the unshakable Venezuelan ruler.

From Bloomberg:

Since taking office in 1999, Hugo Chavez has spread his socialist revolution in Venezuela by seizing more than 1,000 companies. For bondholders that stuck by him, he’s also delivered returns that are double the emerging- market average.

The 681 percent advance, equal to 14.7 percent annually, has enriched investors from OppenheimerFunds Inc. to Goldman Sachs Asset Management LP that counted on Chavez’s willingness to siphon the country’s oil wealth to pay its creditors in the face of start-stop growth and falling reserves. While his policies drove away enough investors to keep Venezuela’s borrowing costs over 12 percent on average during his tenure, or 4 percentage points higher than those of developing nations, he’s never missed a bond payment.

Read moreHow The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs

US Ends 2012 With 103.8% Debt To GDP

US Ends 2012 With 103.8% Debt To GDP (ZeroHedge, Jan 30, 2013):

Previously, when calculating debt/GDP metrics for the US, we naturally assumed some GDP growth in Q4. Following today’s GDP data we now know what Q4 GDP is. We also know that, at least on a preliminary basis, it posted a decline on an annualized basis. This means that we now have an official print for US Debt/GDP as of December 31, 2012. The numerator, or debt: $16.432 trillion, or the debt ceiling, which as we know was breached on the same day, and which has yet to be formally raised. The denominator, or GDP: $15.829 trillion. This means that the formal debt/GDP is now 103.8% and growing fast.

Indicatively, this has risen from 76.5% on the day of Obama’s first inauguaral address.

And for those who, erroneous, allege that Q4 GDP declined due to US government “austerity”, here are the facts: in Q4, the US added some $312 billion in debt. And more to the point, the US government spent a grand total of $907.9 billion in the same quarter. This compares to $877.1 billion a quarter earlier: $30 billion less.

Some “Austerity.”

Silver Eagle Sales Surge To All-Time Record High In January

Silver Eagle Sales Surge To All-Time Record In January (ZeroHedge, Jan 29, 2013):

A massive 7.4 million Silver Eagles were purchased from the U.S. Mint in January, considerably higher than the previous record from early 2011. After halting Silver coin production/sales for over a week, the Mint re-opened yesterday and demand once again surged. Having almost doubled from the first week in January, there remains two more days before the book is closed on January’s sales. At 140,000 ounces, the Mint has also sold the most ounces of gold in January in almost three years, suggesting the rising ‘currency wars’ are stoking people’s ongoing rotation from paper-to-physical assets as their ‘wealth’ slowing loses its value.

US Senate Approves George W. Bush’s Skull & Bones Brother John Kerry As Secretary Of State

Flashback:

Bilderberg 2012: Detailed Member Bios, UK Guardian’s Video Report

Goolsbee, Austan D. USA Professor of Economics, University of Chicago Booth School of Business. He is a member of the Skull and Bones Society as were John Kerry and George W Bush. He has been an Obama advisor since 2004. He was Chairman if Obama’s Council of Economic Advisors. He quit advising Obama because he can see where this economy is going.

John Kerry admitting his membership:


YouTube


US Senate approves John Kerry as secretary of state (BBC News, Jan 29, 2013):

The US Senate has approved Senator John Kerry’s nomination as secretary of state, after he was backed unanimously by the foreign relations committee.

His confirmation after a 94-3 vote was met with applause on the Senate floor.

President Barack Obama chose the Massachusetts Democrat to succeed Hillary Clinton, who is stepping down after four years, as his top diplomat.

Read moreUS Senate Approves George W. Bush’s Skull & Bones Brother John Kerry As Secretary Of State

U.S. Government To Dispose Of Radioactive Waste By Putting It In Our SILVERWARE

Government to Dispose of Radioactive Waste By Putting It In Our SILVERWARE (Washington’s Blog, Jan 28, 2013):

Department of Energy Wants to Let Radioactive Scrap Metal Back into Consumer Products

The overwhelming scientific consensus is that any amount of radiation – no matter how small – can cause cancer and other serious health effects.

(Current safety standards are based on the ridiculous assumption that everyone exposed is a healthy man in his 20s – and that radioactive particles ingested into the body cause no more damage than radiation hitting the outside of the body. In the real world, however, even low doses of radiation can cause cancer. Moreover, small particles of radiation – called “internal emitters” – which get inside the body are much more dangerous than general exposures to radiation. See this and this. And radiation affects small children much more than full-grown adults.)

But the Department of Energy – the agency which is responsible for the design, testing and production of all U.S. nuclear weapons, promotes nuclear energy as one of its core functions, which has been covering up nuclear accidents for decades, and has used mutant lines of human cells to promote voodoo, anti-scientific arguments – proposes letting radiation into our silverware.

Counterpunch notes:

Read moreU.S. Government To Dispose Of Radioactive Waste By Putting It In Our SILVERWARE