SCHWER-Gewichte in SILBER

 

https://wikileaks.org/gifiles/docs/...n-in-syria-post-withdrawal.html  

 

für uns silverbugs!!  

A former JPMorgan banker arrested Tuesday in Spain on charges of hiding massive losses related to the bank's 'London Whale' trade plans to resist extradition to the United States, court officials said.
 

 

Sorry,

aber da wird es diesen U$-Dollar wohl schon längst nicht mehr geben...  

"Balance the Budget over the next Hundred YEARS"!

Denn JAHRE klingen doch immerhin NOCH kürzer als eine DEKADE...

Für wie blöd hält man uns da eigentlich?  

Financial Times: "World Is Doomed To An Endless Cycle Of Bubble, Financial Crisis And Currency Collapse"

It's funny: nearly five years ago, when we first started, and said that the world is doomed to an endless cycle of bubble, financial crisis and currency collapse as long as the Fed is around, most people laughed: after all they had very serious reputations aligned with a broken and terminally disintegrating economic lie. With time some came to agree with our viewpoint, but most of the very serious people continued to laugh. Fast forward to last night when we read, in that very bastion of very serious opinions, the Financial Times [20], the following sentence: "The world is doomed to an endless cycle of bubble, financial crisis and currency collapse." By the way, the last phrase can be written in a simpler way: hyperinflation.

So ok then: we are happy to take that as an indirect, partial apology by some very serious people. Partial, because the piece's author, Robin Harding, doesn't explicitly come out and state that this cycle of boom and bust is a direct function of ever encroaching central-planning being handed over to a few economists with zero real world experience, whose actions result in ever more devastating blow ups once the boom cycle shifts to bust. Instead, it is their admission that this is what the world has come to. But, being economists, they naturally fail to see that it is all due to them. Instead, just like pervasive market halt, flash crashes, and everything else that now dominates a broken New Normal, this cycle which eventually culminates with currency collapse, or said otherwise, hyperinflation.

The FT's read on the paradox of modern finance and central banking is surprisingly accurate: in fact, it is almost as if it comes not from the FT but from a textbook on Austrian economics, or a Zero Hedge article:

All [the central bankers'] discussion of the international financial system was marked by a fatalist acceptance of the status quo. Despite the success of unconventional monetary policy and recent big upgrades to financial regulation, we still have no way to tackle imbalances in the global economy, and that means new crises in the future.

Indeed, the problem is becoming worse. Since the collapse in 1971 of the old fixed exchange rate system of Bretton Woods, the world has become used to the “trilemma” of international finance: the impossibility of having free capital flows, fixed exchange rates and an independent monetary policy all at the same time. Most countries have plumped for control over their own monetary policy and a floating exchange rate.

The rest of the article is also like reading early Zero Hedge. Or middle. Or late: in a world of instantaneous fungibility and global capital flows, the Fed is in charge of hot money everywhere, which incidentally is why it is the Emerging Markets that are getting destroyed (first, for now) as the global Fed-funded carry trade slowly but surely unwinds.

Yet all the debate was about how individual countries can damp the impact of capital flowing in and out. Prof Rey’s own conclusion was that it is hopeless to expect the Fed to set policy with other countries in mind (which would be illegal). She recommended targeted capital controls, tough bank regulation, and domestic policy to cool off credit booms.

 In practice, this will never work well. It requires every country in the world to react with discipline to constantly changing capital flows. It is like saying we can cure the common cold if only everyone in the world would wash their hands hourly and never leave the house. Even if it did work, the necessary volatility of policy would still impose painful economic costs on the countries acting this way.

The shocking lucidity continues:

The flaws in the international financial system are old and profound, and they defeat any effort to work around them. Chief among them is the lack of a mechanism to force any country with a current account surplus to reduce it. Huge imbalances – such as the Chinese surplus that sent a flood of capital into the US and helped create the financial crisis – can therefore develop and persist.

Even the conclusion is straight out of a Zero Hedge article:

The flaws in the international financial system are old and profound, and they defeat any effort to work around them. Chief among them is the lack of a mechanism to force any country with a current account surplus to reduce it. Huge imbalances – such as the Chinese surplus that sent a flood of capital into the US and helped create the financial crisis – can therefore develop and persist.

Indeed, running a surplus is wise because there is no international central bank to rely on if investors decide they want to pull capital out of your country. There is the International Monetary Fund – but Asian countries tried that in 1997, and the experience was so delightful they have been piling up foreign exchange reserves ever since to avoid a repeat.

A reliable backstop is impossible when the international system relies on a national currency – the US dollar – as its reserve asset. Only the Fed makes dollars. In a crisis, there are never enough of them – a shortage that will only get worse as the world economy grows relative to the US – even if the problem for emerging markets right now is too many of them.

The answer is what John Maynard Keynes proposed in the 1930s: an international reserve asset, rules for pricing national currencies against it, and penalties for countries that run a persistent surplus. After the financial crisis there was a flood of proposals along these lines from the UN, from the economist Joseph Stiglitz, and even from the governor of the People’s Bank of China. None has gone anywhere.

Oh it will go somewhere... as soon as Bernanke leads the US to its own final "currency collapse", resulting in an inevitable shift in the reserve currency status as we have shown many times before, and as has happened in history so many times. Because no reserve currency is forever.

And finally, on that other topic, gold and systemic stability, here is what the FT has to say:

A stable international financial system has eluded the world since the end of the gold standard.

What else is there to say.

No really: when the FT becomes ZH, maybe everything that should be said, has been said?

http://www.zerohedge.com/print/478148
 

The BRICS hold total foreign-currency reserves of $4.4 trillion, $3 trillion of which are held by China alone...
 

 

Meint jeden Falles:

Der olle Teras.  

"Am 9. Juli entsprachen die von der US-Terminmarktaufsicht CFTC erfassten Leerverkaufspositionen nicht gewerblicher Marktteilnehmer, vulgo Spekulanten, an der New Yorker Terminbörse Comex einer Goldmenge von 14,4 Millionen Unzen. So viel Gold wurde von Spekulanten noch nie zuvor leer verkauft. Nur ist der Goldpreis seither nicht gefallen, sondern hat sich erholt, von seinem Jahrestief bei 1180,57 Dollar pro Unze um fast 20 Prozent auf aktuell 1411,80 Dollar. Der Preisanstieg zwingt Spekulanten jetzt, ihre Shortpositionen einzudecken. Dieser Prozess dürfte noch nicht vorbei sein. Denn noch immer entspricht die Anzahl der spekulativen Shortpositionen an der Comex einer Goldmenge von gut neun Millionen Unzen, dreimal so viel wie Ende 2012.

Just zu diesem Zeitpunkt begann Goldman Sachs, den Goldboom für tot zu erklären.
So gesehen hätten Goldanleger gewarnt sein müssen. Zwar war die Begründung dünn: Die Wirtschaft in den USA erhole sich schneller als erwartet, die Notenbank Fed werde ihre Anleihenkäufe deshalb beenden. Entsprechend sei ein steigender Realzins wahrscheinlich. Gold, das keine Zinsen bringt, werde unattraktiv. Goldman riet Kunden, Gold zu verkaufen und auf fallende Preise zu setzen. Goldman Sachs ist nicht die Volksbank Bautzen. Die Aussagen der Investmentbank wurden global gehört"...

SOURCE / LINK / QUELLE  dieses Ausschnitts und des Weiterlesens dann HIER:
==>  http://www.wiwo.de/finanzen/geldanlage/...s-bessere-geld/8704020.html  

http://www.champress.net/index.php?q=3Den/Article/view/86507  

 

 

Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2:
In early April, the status quo was exuberant when none other than Goldman Sachs issued a "sell" on the barbarous relic that has become so indicative of the exuberance of central planning. At the time, we were skeptical [7] (to say the least) and, just for extra Muppetting, the bank also suggested its clients buy Treasuries. Well, now that the full details of holdings changes have been released for Q2, it is perhaps clearer than ever before that as the bank was telling its clients to "sell, sell, sell" it was itself "buy, buy, buy"-ing the Gold ETF (GLD) with both arms and feet. In Q2, Goldman Sachs added a stunning (and record) 3.7 million 'shares' of GLD. As Paulson dumped his GLD, Goldman lapped it up to become the ETF's 7th largest holder.
CHART & more:
http://www.zerohedge.com/print/478278
 

 

 

zu erwarten. wurde ja schon von donnerstag aufs wochenende verlegt...nur nicht währen der trading sessions beginnen.  

 

Quite an alliance! Was it not the Three Musketeers who shouted “All for one and one for all” each time they sought combat? This really should be the new battle cry if – or when – the statesmen of the Western world go to war against Bashar al-Assad.

http://www.independent.co.uk/voices/comment/...idas-side-8786680.html
 

in den vergangenen 24std. wurde dieser aufschlussreiche  report vom april über die energietransportrouten und damit verbundenen "politischen" interessen 3x im netz blockiert, daher hier in voller länge (ohne pict.)

Pipelineistan Geopolitics at Work: Iran, Pakistan, Syria, Qatar.

By Pepe Escobar
Global Research
April 15, 2013

Construction is nearing completion on a natural gas pipeline linking Iran and Pakistan, a project that portends a huge geopolitical shift. As regional powers strengthen ties in this key energy market, they"re looking to China, and away from the West.

Since the early 2000s, analysts and diplomats across Asia have been dreaming of a future Asian Energy Security Grid.

This – among other developments – is what it"s all about, the conclusion of the final stretch of the $7.5 billion, 1,100-mile natural gas Iran-Pakistan (IP) pipeline, starting from Iran"s giant South Pars field in the Persian Gulf, and expected to be online by the end of 2014.

Nobody lost money betting on Washington"s reaction; IP would put Islamabad in "violation of United Nations sanctions over [Iran"s] nuclear program." Yet this has nothing to do with the UN, but with US sanctions made up by Congress and the Treasury Department.

Sanctions? What sanctions? Islamabad badly needs energy. China badly needs energy. And India will be extremely tempted to follow, especially when IP reaches Lahore, which is only 100 km from the Indian border. India, by the way, already imports Iranian oil and is not sanctioned for it.

All aboard the win-win train

When Iranian President Mahmoud Ahmadinejad and Pakistani President Asif Zardari met at the Iranian port of Chabahar in early March, that was a long way after IP was first considered in 1994 – then as Iran-Pakistan-India (IPI), also known as the "peace pipeline." Subsequent pressure by both Bush administrations was so overwhelming that India abandoned the idea in 2009.

IP is what the Chinese call a win-win deal. The Iranian stretch is already finished. Aware of Islamabad"s immense cash flow problems, Tehran is loaning it $500 million, and Islamabad will come up with $1 billion to finish the Pakistani section. It"s enlightening to note that Tehran only agreed to the loan after Islamabad certified it won"t back out (unlike India) under Washington pressure.

IP, as a key umbilical (steel) cord, makes a mockery of the artificial – US-encouraged – Sunni-Shia divide. Tehran needs the windfall, and the enhanced influence in South Asia. Ahmadinejad even cracked that "with natural gas, you cannot make atomic bombs."

Zardari, for his part, boosted his profile ahead of Pakistan"s elections on May 11. With IP pumping 750 million cubic feet of natural gas into the Pakistani economy everyday, power cuts will fade, and factories won"t close. Pakistan has no oil. It may have huge potential for solar and wind energy, but no investment capital and knowhow to develop them.

Politically, snubbing Washington is a certified hit all across Pakistan, especially after the territorial invasion linked to the 2011 targeted assassination of Bin Laden, plus Obama and the CIA"s non-stop drone wars in the tribal areas.

Moreover, Islamabad will need close cooperation with Tehran to assert a measure of control of Afghanistan after 2014. Otherwise an India-Iran alliance will be in the driver"s seat.

Washington"s suggestion of a Plan B amounted to vague promises to help building hydroelectric dams; and yet another push for that ultimate "Pipelineistan" desert mirage – the which has existed only on paper since the Bill Clinton era.

The Foreign Office in Islamabad argued for Washington to at least try to show some understanding. As for the lively Pakistani press, it is having none of it.

The big winner is… China

IP is already a star protagonist of the New Silk Road(s) – the real thing, not a figment of Hillary Clinton"s imagination. And then there"s the ultra-juicy, strategic Gwadar question.

Islamabad decided not only to hand over operational control of the Arabian Sea port of Gwadar, in ultra-sensitive southwest Balochistan, to China; crucially, Islamabad and Beijing also signed a deal to build a $4 billion, 400,000 barrels-a-day oil refinery, the largest in Pakistan.

Gwadar, a deepwater port, was built by China, but until recently, the port"s administration was Singaporean.

The long-term Chinese master plan is a beauty. The next step after the oil refinery would be to lay out an oil pipeline from Gwadar to Xinjiang, parallel to the Karakoram highway, thus configuring Gwadar as a key Pipelineistan node distributing Persian Gulf oil and gas to Western China – and finally escaping Beijing"s Hormuz dilemma.

Gwadar, strategically located at the confluence of Southwest and South Asia, with Central Asia not that far, is bound to finally emerge as an oil and gas hub and petrochemical center – with Pakistan as a crucial energy corridor linking Iran with China. All that, of course, assuming that the CIA does not set Balochistan on fire.

The inevitable short-term result anyway is that Washington"s sanctions obsession is about to be put to rest at the bottom of the Arabian Sea, not far from Osama bin Laden"s corpse. And with IP probably becoming IPC – with the addition of China – India may even wake up, smell the gas, and try to revive the initial IPI idea.

The Syrian Pipelineistan angle

This graphic Iranian success in South Asia contrasts with its predicament in Southwest Asia.

The South Pars gas fields – the largest in the world – are shared by Iran and Qatar. Tehran and Doha have developed an extremely tricky relationship, mixing cooperation and hardcore competition.

The key (unstated) reason for Qatar to be so obsessed by regime change in Syria is to kill the $10 billion Iran-Iraq-Syria pipeline, which was agreed upon in July 2011. The same applies to Turkey, because this pipeline would bypass Ankara, which always bills itself as the key energy crossroads between East and West.

It"s crucial to remember that the Iran-Iraq-Syria pipeline is as anathema to Washington as IP. The difference is that Washington in this case can count on its allies Qatar and Turkey to sabotage the whole deal.

This means sabotaging not only Iran but also the "Four Seas" strategy announced by Syrian President Bashar al-Assad in 2009, according to which Damascus should become a Pipelineistan hub connected to the Caspian Sea, the Black Sea, the Persian Gulf and the Eastern Mediterranean.

The strategy spells out a Syria intimately connected with Iranian – and not Qatari – energy flows. Iran-Iraq-Syria is known in the region as the "friendship pipeline." Typically, Western corporate media derides it as an "Islamic" pipeline. (So Saudi pipelines are what, Catholic?) What makes it even more ridiculous is that gas in this pipeline would flow to Syria and then Lebanon – and from there to energy-starved European markets close by.

The Pipelineistan games get even more complicated when we add the messy Iraqi Kurdistan/Turkey energy love affair – detailed here by Erimtan Can – and the recent gas discoveries in the Eastern Mediterranean involving territorial waters of Israel, Palestine, Cyprus, Egypt, Lebanon and Syria; some, or perhaps all of these actors could turn from energy importers to energy exporters.

Israel will have a clear option to send its gas via a pipeline to Turkey, and then export it to Europe; that goes a long way to explain the recent phone call schmoozing between Turkey"s Prime Minister Erdogan and Israel"s Netanyahu, brokered by Obama.

Terrestrial and maritime borders between Israel and Lebanon remain dependent on a hazy UN Blue Line, set up way back in 2000. Damascus – as well as Tehran – supports Beirut, once again against Washington"s will. And Damascus also supports Baghdad"s strategy of diversifying its means of distribution, once again trying to escape the Strait of Hormuz. Thus, the importance of the Iran-Iraq-Syria pipeline.

No wonder Syria is a red line for Tehran. Now the whole of Pipelineistan will be watching how far Qatar is willing to go following Washington"s obsession.

http://www.globalresearch.ca/...a-qatar-pipelineistan-at-work/5331373