Doomed: Spanish 10 Year Trades On The Ugly Side Of 7.50%

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– Spanish 10 Year Trades On The Ugly Side Of 7.50% (ZeroHedge, July 23, 2012):

The last time a sovereign bond issue was imploding at this rate without the ECB’s intervention, Silvio Berlusconi was about to be forcibly retired. This time, however, we fail to see what the assorted globalist elements will benefit by having Rajoy displaced: after all he has been a studious and versatile pawn of the status quo, who squawks repeatedly and whenever needed that Spain is solvent and that its banks are not in need of a bailout. That said, stick a fork in Spain, and all those newsletter writers who were saying to buy its bonds, or equities: at last check the IBEX was down nearly 5%, after falling by the same amount on Friday. This is the equivalent of the Dow Jones tumbling by just about 600 points. The catalyst – the 10 Year which touched on 7.565% minutes earlier, as virtually all hope is now lost – it is now every country and region for himself, and he who panics first, panics best.

IMF Set To Kick Out Greece

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Got PHYSICAL gold and silver?

– No More Mr. Nice Guy As IMF Set To Kick Out Greece (ZeroHedge, July 22, 2012):

It appears that following the resignation letter fiasco from Friday, the venerable IMF is trying to regain some level of credibility in the world. In a note obtained by SPIEGEL, senior IMF officials patience has clearly come to an end and has decided that, with Greece likely to go bust by September, it is no longer willing to provide additional Greek aid (we assume in light of the push-backs on the promised cuts that the aid was based upon). Pointing to this now being a euro-zone problem, their cessation of Greek aid is even more critical since both Holland and Finland pledged support because the IMF was involved. August 20th marks an important short-term hurdle as Greece is required to pay back EUR3.8bn to the ECB – and with collateral being withdrawn, we wonder how long before the ECB pulls the plug entirely – even on Greek T-Bills. Whether this is sabre-rattling before the delayed TROIKA visit or the IMF (and the rest of the TROIKA) indeed deciding enough is enough and realizing finally that more debt (or even maturity extensions) does not solve the problem of too much debt – only default will do that!

Nearly 36 Percent Of Fukushima Children Have Abnormal Thyroid Growths And Are At Risk Of Developing Cancer

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Japan, Tokyo: A girl holds her petition to ask the education ministry to protect children from radioactive contamination at Fukushima prefecture. (AFP Photo / Yoshikazu Tsuno)

– Over a third of Fukushima children at risk of developing cancer (RT, July 20, 2012):

Over a third of children in Japan’s Fukushima region could be prone to cancer if medics don’t apply more effort in treating their unusually overgrown thyroid glands and commit to international health aid and consultations, according to a new report.

­The shocking new report shows that nearly 36 per cent of children in the nuclear disaster-affected Fukushima Prefecture have abnormal thyroid growths. This is an extremely large number of abnormalities – some of which, experts say, pose a risk of becoming cancerous.

After examining more than 38,000 children from the area, medics found that more than 13,000 have cysts or nodules as large as 5 millimeters on their thyroids, the Sixth Report of Fukushima Prefecture Health Management Survey states.

In comparison, a 2001 analysis by the Japan Thyroid Association found that fully zero per cent of children in the city of Nagasaki, which suffered a nuclear attack in August of 1945, had nodules, and only 0.8 per cent had cysts on their thyroids, reports the Telegraph.

Read moreNearly 36 Percent Of Fukushima Children Have Abnormal Thyroid Growths And Are At Risk Of Developing Cancer

Hidden From Taxman By Global Elite: $21 TRILLION

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– £13tn: hoard hidden from taxman by global elite (Guardian July 21, 2012):

• Study estimates staggering size of offshore economy
• Private banks help wealthiest to move cash into havens

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

Read moreHidden From Taxman By Global Elite: $21 TRILLION

New GMO ‘Agent Orange Soy’ Silently Backed By USDA

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– New GMO ‘Agent Orange Soy’ Silently Backed by USDA (Activist Post, July 20, 2012):

Millions of pounds of herbicides are applied to crops around the nation each year. In one single year, 2006, 96.7 million pounds of glyphosate was sprayed on soybeans alone; this is a 20-fold increase from the 4.9 million pounds in 1994, the year before Monsanto’s Roundup Ready seeds were introduced.

Well, now, biotechnology giant and creator of pesticides and herbicides, Dow AgroSciences is bringing forth brand new GMO soybeans and GMO corn to the market that will ultimately cause more herbicides than ever to be sprayed across the nation. What’s more, the USDA is all over the idea.

Read moreNew GMO ‘Agent Orange Soy’ Silently Backed By USDA

Floodgates Open As 4 More Spanish Regions Seek Bailout; German Nürburgring Faces Bankruptcy

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– Floodgates Open As Four More Spanish Regions Seek Bailout; German Nürburgring Faces Bankruptcy (ZeroHedge, July 22, 2012):

Even as Europe has become an utterly dysfunctional experiment in everything relating to modern economics and monetary theory, it has one redeeming feature: it has proven that the Defection regime under Game Theory is 100% correct. It says that once the defections from an unstable Nash equilibrium begin, there is no stopping until the entire system collapses under its own weight. This is precisely what has happened in Spain, where first Catalunya, then Valencia on Friday, and now virtually everyone else is set to demand a bailout. From Bloomberg: The Balearic Islands and Catalonia are among six Spanish regions that may ask for aid from the central government after Valencia sought a bailout, El Pais reported. Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to tap the recently created emergency-loan fund that Valencia said it would use yesterday, the newspaper said, without citing anyone.”

“Spain created the 18 billion-euro ($23 billion) bailout mechanism last week to help cash-strapped regions even as its own access to financial markets narrows.” What Spain’s perfectly insolvent and highly corrupt regions also know is that the bailout money, like in the case of the ESM, will be sufficient for one, perhaps two, of the applicants. The rest will be out of luck.

Where the bailout money will come from? Ultimately from Germany of course. There is however one minor glitch. Some 80 millions Germans may soon be rather angry to learn that while they are working extra hours to fund the rescue of a few insolvent windmills, their own most legendary racetrack, the Nürburgring, is facing bankruptcy as soon as next week. From Spiegel:

Read moreFloodgates Open As 4 More Spanish Regions Seek Bailout; German Nürburgring Faces Bankruptcy

The Cost Of U.S. Government Regulation: $1.75 TRILLION

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– The Cost Of Government Regulation: $1.75 Trillion (ZeroHedge, July 22, 2012):

The Cost Of “Intervention”

The Competitive Enterprise Institute (CEI) is a small “think tank” in Washington DC which puts out an annual report called: “Ten Thousand Commandments”. The report deals with the regulatory agencies of the US federal government and the cost of the regulations they continually introduce – and enforce. This report would be typical of the regulatory function of pretty well every government in the world.

In all interventionist economies, regulations are not set by the “lawmakers”. The “lawmakers” merely pass the laws, their enforcement is left to the various bureaucratic departments of government. And in order to “enforce” the laws, the bureaucrats see it as their function to impose regulations – countless thousands of them. The cost of complying with these regulations is met by those being regulated. It does NOT show up in the annual budgets (funded or unfunded) of the government.

In their Ten Thousand Commandments 2012 report which was released in June, the CEI estimates the cost of US government regulation at $US 1.75 TRILLION. That is just under half (48 percent) of the budget of the federal government. It is almost ten times the total of all corporate taxes collected and almost double the total collected from individual income taxes. It is also one-third higher than the total of all pre-tax corporate profits. It is the hidden cost of doing business in an interventionist economy. The fact that the cost of complying with these regulations is substantially higher than the total of corporate profits is a stark illustration of the end result of economic intervention. That end result is capital consumption.

Read moreThe Cost Of U.S. Government Regulation: $1.75 TRILLION

On The Edge With Max Keiser And Gerald Celente: LIBOR Manipulation Is ‘The Crime Of The Century’ (Video)

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YouTube Added: 21.07.2012

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
– CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

Beijing’s Heaviest Rainfall In 60 Years Causes Chaos, Kills 10

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Rainfall causing widespread chaos in the Chinese capital, stranding 80,000 people at the city’s main airport


Rescuers and residents stand next to a stranded car being pulled up from a flooded street under the Guangqumen overpass in Beijing. Photograph: Joe Chan/REUTERS

– Beijing’s heaviest rainfall in 60 years kills 10 (Guardian/Reuters, July 22, 2012):

The heaviest rain storm in six decades to hit Beijing killed at least 10 people and caused widespread chaos, flooding streets and stranding 80,000 people at the city’s main airport, state media reported on Sunday.

Read moreBeijing’s Heaviest Rainfall In 60 Years Causes Chaos, Kills 10

The Price Of Corn Hits Record High As Global Food Crisis Looms

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– The Price Of Corn Hits A Record High As A Global Food Crisis Looms (The Economic Collapse, July 21, 2012):

Are you ready for the next major global food crisis?  The price of corn hit an all-time record high on Thursday.  So did the price of soybeans.  The price of corn is up about 50 percent since the middle of last month, and the price of wheat has risen by about 50 percent over the past five weeks.  On Thursday, corn for September delivery reached $8.166 per bushel, and many analysts believe that it could hit $10 a bushel before this crisis is over.  The worst drought in the United States in more than 50 years is projected to continue well into August, and more than 1,300 counties in the United States have been declared to be official natural disaster areas.  So how is this crisis going to affect the average person on the street?  Well, most Americans and most Europeans are going to notice their grocery bills go up significantly over the coming months.  That will not be pleasant.  But in other areas of the world this crisis could mean the difference between life and death for some people.  You see, half of all global corn exports come from the United States.  So what happens if the U.S. does not have any corn to export?  About a billion people around the world live on the edge of starvation, and today the Financial Times ran a front page story with the following headline: “World braced for new food crisis“.  Millions upon millions of families in poor countries are barely able to feed themselves right now.  So what happens if the price of the food that they buy goes up dramatically?

Read moreThe Price Of Corn Hits Record High As Global Food Crisis Looms

Japan’s Former PM Yukio Hatoyama Joins Anti-Nuclear Protests

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Ex-premier Hatoyama joins antinuclear rally

– Ex-premier Hatoyama joins antinuclear rally near PM’s office (Kyodo News, July 20, 2012):

In an unusual move by a former prime minister, Democratic Party of Japan heavyweight Yukio Hatoyama joined an antinuclear rally on a street in front of the prime minister’s office in Tokyo on Friday, saying he believes it is premature to reactivate nuclear reactors in the country.

With a microphone in his hand, Hatoyama said, “I must play a role to change the political trends by conveying people’s voices to the prime minister’s office as a former prime minister.”

Hatoyama later called at the prime minister’s office and asked Chief Cabinet Secretary Osamu Fujimura to have Prime Minister Yoshihiko Noda meet with antinuclear protesters. The top government spokesman responded he would convey the request to Noda.

16-Year-Old Boy Was Working At Fukushima Nuke Plant

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– #Radioactive Japan: 16-Year-Old Boy Was Working at #Fukushima I Nuke Plant in May Last Year (EX-SKF, July 17, 2012):

TEPCO says the company found out about it only this month, this year.

But what’s more disturbing is what Jiji Tsushin reports in the article below: that the job application was submitted by the boy’s relative. The article doesn’t say what relationship this relative has to the boy.

From Jiji Tsushin (7/17/2012):

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16-year-old boy worked at Fukushima I Nuke Plant, against Labor Standards Law, says TEPCO

Read more16-Year-Old Boy Was Working At Fukushima Nuke Plant

Spain Is Out Of Money In 40 Days … And ‘Spain Has No Plan B’ (FAZ)

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– ‘Black Friday’ Blame-Game Escalates As Spain Is Out Of Money In 40 Days (ZeroHedge, July 21, 2012):

With Valencia bust, Spanish bonds at all-time record spreads to bunds, and yields at euro-era record highs, Spain’s access to public markets for more debt is as good as closed. What is most concerning however, as FAZ reports, is that “the money will last [only] until September”, and “Spain has no ‘Plan B”. Yesterday’s market meltdown – especially at the front-end of the Spanish curve – is now being dubbed ‘Black Friday’ and the desperation is clear among the Spanish elite. Jose Manuel Garcia-Margallo (JMGM) attacked the ECB for their inaction in the SMP (bond-buying program) as they do “nothing to stop the fire of the [Spanish] government debt” and when asked how he saw the future of the European Union, he replied that it could “not go on much longer.” The riots protest rallies continue to gather pace as Black Friday saw the gravely concerned union-leaders (facing worrying austerity) calling for a second general strike (yeah – that will help) as they warn of a ‘hot autumn’. It appears Spain has skipped ‘worse’ and gone from bad to worst as they work “to ensure that financial liabilities do not poison the national debt” – a little late we hesitate to point out.

Franfurter Allgemeine: Now Burns Spain

(Via Google Translate)

Spain has no “Plan B” more. The money will last until September. Then you have to spend the Treasury after a break in August and again fresh government bonds. However, if the interest and the risk premium on the record highs of the past “Black Friday” hold, is the fourth largest economy in the Euro zone – to Greece, Ireland and Portugal – the fourth rescue candidate.

Read moreSpain Is Out Of Money In 40 Days … And ‘Spain Has No Plan B’ (FAZ)

Once The Banksters Lose CONTROL, We’ll Live In A Different World (Video)

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FYI.

Part 1: These Banksters Are Involved In Every Imaginable CRIME (Video)


YouTube Added: 21.07.2012

Description:

Here’s Part 2 of my dramatic interview with precious metals pundits Andy Hoffman and Bill Holter. We discuss the clear evidence of the international banking crimes, debate inflation VS deflation and conclude with this FACT: The collapse is happening, and once the Banksters lose what little control they have left, the world in which we live will change forever.

These Banksters Are Involved In Every Imaginable CRIME (Video)

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FYI.


YouTube Added: 21.07.2012

Description:

Here’s part 1 of a dramatic 2-part interview with precious metals pundits Andy Hoffman and Bill Holter. We discuss the clear evidence of the international banking crimes, debate inflation VS deflation and conclude with this FACT: The collapse is happening, and once the Banksters lose what little control they have left, the world in which we live will change forever.

Batman Cinema Shooting: James Holmes ‘Told Police He Was The Joker’

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– Batman cinema shooting: James Holmes ‘told police he was The Joker’ (Telegraph, July 20, 2012):

James Holmes, the alleged gunman who shot 71 people during the midnight premiere of the new Batman film, told police he was “the Joker” as they interrogated him about the massacre in Aurora, Colorado.

The 24-year-old was reported to have dyed his hair and beard red before he stepped into the crowded cinema, hurled a tear gas grenade and opened fire, killing 12 people and leaving 59 more injured.

Read moreBatman Cinema Shooting: James Holmes ‘Told Police He Was The Joker’

Scandal At The IMF: Senior Economist Resigns, Says ‘Ashamed To Have Had Any Association With Fund At All’

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– Scandal At The IMF: Senior Economist Resigns, Says “Ashamed To Have Had Any Association With Fund At All” (ZeroHedge,July 20, 2012):

The rats everywhere are now jumping furiously off the titanic, but few had taken the time to write a letter explaining in detail just how cracked and broken the hull really was. This has now changed, with the departure of Peter Doyle, formerly a division chief in the IMF’s European Department responsible for non-crisis countries and currently an adviser to the Fund. Not content with quietly slinking off the scandal ridden organization which has become the butt of all jokes in the international community, where humor about Lagarde’s Louis Vuitton panhandling bag is as pervasive as punchlines about just how incompetent the organization is at actually doing its duty, Doyle has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness. The letter also contains the following gem: “After twenty years of service, I am ashamed to have had any association with the Fund at all.” Pretty much says it all. This is a scandal in the making, and one which may shake to the core the credibility of the IMF in the context of international organization.

Full letter (pdf)

European Department
Washington DC
June 18, 2012

 

To Mr. Shaalan, Dean of the IMF Executive Board

Today, I addressed the Executive Board for the last time—because I am leaving the Fund.

Read moreScandal At The IMF: Senior Economist Resigns, Says ‘Ashamed To Have Had Any Association With Fund At All’

AND NOW … Fukushima Workers Ordered To Cover Dosimeters With LEAD PLATES!!!

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– Fukushima Daiichi workers ordered to cover dosimeters with lead plates (PHOTO) (ENENews, July 21, 2012):

(Subscription Only) Title: TEPCO subcontractor tries to underreport workers’ radiation exposure
Source: Kyodo News
Date: 21 July 2012 at 12:23a ET

Source: Asahi

An executive from a Tokyo Electric Power Co. subcontractor tried to force its workers at the crisis-hit Fukushima Daiichi nuclear power plant to cover their radiation monitoring meters with plates made of lead in an apparent attempt to underreport radiation exposure, sources close to the matter said Saturday.

The executive in his 50s, who works for a company based in Fukushima Prefecture, told around 10 plant workers to attach the plates to the alarm pocket dosimeters that the utility known as TEPCO had provided them with to monitor their radiation exposure, the sources said. The ministry of Health, Labor and Welfare has started investigating the matter.

The workers were hired for about four months through last March to wrap pipes at a water treatment facility with heat insulators.

[…]

July 21, 2012 report in the Asahi Shimbun with summarized translation by Fukushima Diary:

Fukushima workers were ordered to shield their dosimeter with lead covers to make the integral dose look lower than actual.

Read moreAND NOW … Fukushima Workers Ordered To Cover Dosimeters With LEAD PLATES!!!

Cops Seize Cell Phone, Impersonate Owner … This Is Legal And Doesn’t Violate Privacy Rights, Says Court!!!

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– It’s legal: cops seize cell phone, impersonate owner (Ars Technica, July 19, 2012):

Court says sending texts using a seized iPhone doesn’t violate privacy rights.

In November 2009, police officers in the state of Washington seized an iPhone belonging to suspected drug dealer Daniel Lee. While the phone was in police custody, a man named Shawn Hinton sent a text message to the device, reading, “Hey whats up dogg can you call me i need to talk to you.” Suspecting that Hinton was looking to buy drugs from Lee, Detective Kevin Sawyer replied to the message, posing as Lee. With a series of text messages, he arranged to meet Hinton in the parking lot of a local grocery store—where Hinton was arrested and charged with attempted possession of heroin.

Read moreCops Seize Cell Phone, Impersonate Owner … This Is Legal And Doesn’t Violate Privacy Rights, Says Court!!!

Presenting The Best Trades Of All Time

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– Presenting The 10 Most Spectacular Financial Speculations Of The Past 300 Years (ZeroHedge, July 21, 2012):

10 Spectacular Speculations from The Great Financial Adventures of the Past 300 Years

Sometimes it seems like the investment community operates on the assumption that the world started in 1929 – or at least that the financial booms, busts and speculators preceding the 1920s are irrelevant to the modern investor. We think this is misguided. Just consider that this common worldview ignores an age where speculators lived in sprawling mansions on Fifth Avenue (as opposed to apartments in the same place measuring about 1/100th the size)! We imagine that there’s a lot to learn from looking at the past 300 years as opposed to the past 80. With this in mind; here we present what we believe to be the best trades of all time.