Having warned last time there was a danger that “all hell is going to break loose,” today Bill Fleckenstein told King World News “I’m contemplating starting a short fund again to capitalize on that.” Astonishingly, Fleckenstein closed his short fund at the dead lows in stocks in early 2009, so the fact that he is…
By DIANE ALTER, Contributing Writer, Money Morning October 4, 2013 It’s been a volatile year for those investing in gold and silver. Gold is down some 20% year to date, and silver has lost more than 30%. The yellow metal tumbled more than 30% in the three quarters to June as fears mounted of an early end…
Published on Oct 3, 2013
Link to “Obama Agenda” video: http://www.youtube.com/watch?v=PfzsGU…
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http://usawatchdog.com/weekly-news-wr… – The government shutdown is the fault of both parties–end of story. At its core, the fight is over the Affordable Care Act (or Obama Care). When the dust settles with the government shutdown and the debt ceiling, Obama Care will still be the Law and an unqualified disaster. The other big story is Benjamin Netanyahu addressing the U.N. He flat out says he thinks the Iranians coming to the negotiation table for its nuclear program is a “ruse.” Iran says its nuclear program is for the peaceful production of energy. Israel and the U.S. say that is not true. The Wall Street Journal is reporting, “The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas.” Join Greg Hunter of USAWatchdog.com as he gives his take on these stories and more in the Weekly News Wrap-Up.
LEIKA KIHARA TOKYO — Reuters Published Friday, Oct. 04 2013, 5:53 AM EDT A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery under way in the world’s third-largest economy was threatened. But for…
On the second day of the shutdown, the markets are relatively stable — but what about gold? Heard on the Street editor Liam Denning joins MoneyBeat to discuss.
The Treasury says it won’t tap its gold stockpile, even to avoid a default By Brett Arends Grab any Wall Street trader in a bar, or any portfolio manager in his office, and he’s likely to tell you gold is finished. It’s silly, nothing more than a shiny metal, a substance with little use and…
Today David Stockman stunned King World News when he warned the coming financial collapse is “going to be catastrophic.” Stockman also said that we will see “massive selling” of overpriced financial assets, but he also made the frightening prediction that “there won’t be any bids.” KWN takes Stockman’s warning very seriously because he is the man…
Published on Oct 3, 2013
“They are not going to default, all governments like us they default by giving money with less value, they are good at that. But they are not going to not send the checks out, you think of what happened in’09 when the financial system worldwide was collapsing. The Fed was involved with trillions, some estimate up to 15 trillion in secret they bailed out banks, foreign government, foreign central banks. nobody knew. Are they going to allow our treasury bill interest not to be paid? They are capable doing whatever they want, all they have to do is write an executive order or whatever.”
By Ed LaRue 10/04/2013 6:02am Banks across the United States are gearing up for a possible panicked run to withdraw funds as the October 17th debt ceiling deadline draws near. This according to an FT article published just hours ago. From the article: US banks have been stocking cash machines with extra funds to…
Landmark legislation, which went into effect Tuesday in Texas, completely eliminates all taxation of precious metals on the grounds that gold and silver can be considered a currency. Author: Dorothy Kosich Posted: Wednesday , 02 Oct 2013 RENO (MINEWEB) As of October 1, the sales tax levied on purchases of gold, silver and platinum bullion…
As the modern world seems to move directly from one crisis to another, today one of the wealthiest people in the financial world stunned King World News when he said, “I am a terrified observer as I watch the end game drawing to a close.” Rick Rule, who is business partners with billionaire Eric Sprott, also…
On the heels of continued weakness in global stock markets, today top Citi analyst Tom Fitzpatrick sent King World news a powerful chart that showed that stocks are ready to see a massive 22% plunge. Below is the timely Fitzpatrick commentary, along with the chart which illustrates stocks are set to crater. Here is what…
