$1,000 - $4,000 SILVER: Ranting Andy Hoffman

"Popular writer and pundit ‘Ranting Andy’ Hoffman from Miles Frankiln precious metals is back to talk to SGTreport. In Part 1 we talk about the fall of Greece at the hands of the IMF banksters and Silver to $50 by summer (which will help to break the backs of the criminal banking cartel). And don’t miss Part 2: $6 Trillion in seized bonds and $1,000 – $4,000 SILVER!"

Part 1 of 2. SGT talks to Ranting Andy Hoffman of milesfranklin.com about the fall of Greece at the hands of the IMF and banksters, Silver to $50 by summer which will help to break the backs of the criminal banking cartel.


Part 2. SGT talks to Ranting Andy Hoffman of milesfranklin.com about the COT report which is a joke - and the fact that silver, according to Andy's analysis and projections, is destined to reach $1,000 - $4,000 one day, and sooner than people think.

Keiser Report - Episode 246

In this episode, Max Keiser and co-host, Stacy Herbert, discuss the supercommittee that runs America, the perils of Draghi’s “blitz” and the IMF turnaround on austerity for Greece. In the second half of the show, Max talks to Gonzalo Lira about austerity, printing and running.

Keiser Report: Chutzpah Economics (E244)

In this episode, Max Keiser and co-host, Stacy Herbert, discuss chutzpah economics, unrequited transfers and shakedowns. In the second half of the show, Max talks to economist, Saifedean Ammous, about the standoff between Egypt and the IMF debt pushers as well as the war against the online free market by Hollywood middlemen.

Greek Debt Talks Stall, More Negotiations "By Phone" Later Today; IMF Germany Think 4% Coupon Too High; Greek Haircut Calculator

MISH'S
Global Economic
Trend Analysis


For weeks we have been hearing "agreement soon" on Greek bond haircuts. The theme for the day today as it was yesterday and as it was a week ago is "tomorrow".

One problem with all of these "deal is close" announcements is none of them have included an agreement from those who stand to benefit if there is a credit event. Until those CDS holders are made whole, or at least the CDS holders are satisfied, there is no deal, just noise.

The Wall Street Journal reports UPDATE: Greek Debt Talks Appear To Stall Saturday

Talks between Greece and its private sector creditors over a debt writedown plan appeared to stall Saturday as the banks' top negotiator left Athens amid signs of fresh disagreements over how much Greece would pay its bondholders in the future.

Italy Faces 2-Year Recession says IMF; European Recession Neither Mild Nor Short

MISH'S
Global Economic
Trend Analysis


Slowly but surely global growth estimates have been ratcheted down. Courtesy of Google Translate from an Italian news site, please consider IMF estimates two years of recession for Italy

Deep red for the Italian economy in the next two years. Against the background of a global recovery stalled, slowed by the crisis in the eurozone in particular, Italy is preparing to reach out to two years of recession in 2012 and 2013. The cold shower comes from the International Monetary Fund put in hand as usual to their predictions gave a general scissor kick to the estimates of growth around the world.

Last update at the World Economic Outlook that the Ansa news agency is able to anticipate its spread before the official next Tuesday, the IMF finds in the euro area's main patient who staggers a little and infects all international economies. "The global recovery is threatened by the growing tensions in the euro area," considered the "main reason" the deterioration of economic prospects.

Greece and a report on the PSI/IMFGlobal/Bank of America earnings farce

Thursday, January 19, 2012

Good evening Ladies and Gentlemen:

Gold closed down today to the tune of $5.40 dollars finishing the comex session at $1654.10 Silver finished down 4 cents to $30.48.

Today the raid was a no brainer on behalf of the bankers as we witnessed a huge run up in open interest and that is fodder for these crooks. Gold bounced off the $1650 price level four times today. The weak gold and silver shares today probably foreshadows another raid. Let us head over to the comex and assess trading, open interest positions, inventory movements and amounts of metal standing.

The total comex gold open interest rose by 5552 contracts to rest tonight at 438,390. Please remember that we are always 24 hours back with respect to OI so in reality the closing figure of 438,390 OI is in reality the official OI for yesterday. The front options expiry month of January saw its OI fall from 31 to 16 for a loss of 15 contracts. We had 7 delivery notices filed yesterday so we lost 8 contracts or 800 oz to cash settlements. The next big delivery month is February as first day notice is less than 2 weeks away. Here the OI fell by 4000 contracts to 160,113 contracts. The estimated volume at the comex today was very weak coming in at 145,097. The confirmed volume yesterday was a touch better at 186,277 despite many rollovers on both days.

The total silver comex OI fell by 798 contracts to 102,870. Silver is trading differently these past few weeks and we are witnessing this through the OI. It appears that all the silver OI is in strong hands.
The front options expiry month of January mysteriously saw its OI rise from 81 to 175 for a gain of 94 contracts. We had 12 delivery notices yesterday so we gained 106 silver additional contracts standing for delivery or 530,000 oz. Someone was in great need of physical silver today. The next big delivery month is March and here the OI fell by 1200 contracts to 53,240 contracts. The estimated volume today was a very weak 30,713. The confirmed volume yesterday was also weak at 46,029. Leverage in silver has disappeared as business is leaving the comex to other jurisdictions.

Harvey Organ's - The Daily Gold and Silver Report: IMF in need for one trillion dollars/The Private Greek Bond fiasco/Goldman Sachs earnings abysmal

Wednesday, January 18, 2012

IMF in need for one trillion dollars/The Private Greek Bond fiasco/Goldman Sachs earnings abysmal/
Good evening Ladies and Gentlemen:

Gold closed up $4.30 to 1659.00. Silver however was the star of the day rising by 41 cents to close at 30.52. The bankers tried to suppress the metals in the wee hours of the morning but failed somewhat as the metals rallied. After the London fix they tried again as they knocked gold down by 6 dollars. That failed miserably as demand is too great for physical gold and that caused the paper boys to cover quickly.

Let us head over to the comex and assess trading, open interest on the front delivery months, inventory movements, and the amount of physical metals standing for delivery.

The total gold comex OI rose by a huge 7,554 contracts as investors try to secure metal any which way they can. The bankers were the obvious suppliers of the non backed paper. The front options expiry month of January saw the OI fall from 71 to 31 for a loss of 40 contracts. We only had 13 delivery notices so we lost 27 notices to cash settlements. The paper fiat must have been too good to pass up, courtesy of Blythe Masters of JPMorgan. The front delivery month of February is less than two weeks away as we are witnessing rollovers to April. The February OI rests tonight at 164,237. The estimated volume at the gold comex today was 166,309 which is below normal for the rollover period. The confirmed volume yesterday came in at 216,485.

The total silver comex OI rose by only 825 contracts as the bankers are loathe to supply the non backed paper. The front options expiry month of January saw its OI mysteriously rise by 4 contracts (from 77 to 81) despite 23 delivery notices. Generally this means that someone was in great need of physical silver and we lost nothing to cash settlements. The next big delivery month is March and here the OI rose from 53,786 to 54,449 which is normal as we are still quite far from first day notice in silver. The estimated volume at the silver comex came in at a lowish 40,754. The confirmed volume yesterday was also tame at 44,357.

BRIC Urged to Create Fund, Help Save Global Economy

By Esther Tanquintic-Misa: Subscribe to Esther's RSS feed

January 19, 2012 1:12 AM EST

The question looming amid the maddening eurozone financial crisis now is, will the BRIC (Brazil, Russia, India and China) nations consider lending a helping hand to a world that has yet to officially and formally recognise its economic hold in the global market today?

After the International Monetary Fund (IMF) and World Bank (WB) both forecast an impending global financial doom far worse than the one in 2008, economists and analysts now turned their focus to BRIC, to help prevent the world's financial crash.

American economist Joseph Stiglitz, who was chief economist at the WB from 1996 until 1999, said now might be the time for the BRIC nations to join forces to create a global fund similar to the lines that created the WB in 1944.

"The fact is that money is with the emerging markets," Mr Stiglitz had earlier said in the SME Times. "I am a very strong supporter of the emerging markets and creating a new international fund."

IMF Seeks $500B Boost to Lending Resources

By Simon Kennedy - Jan 18, 2012 7:09 PM GMT+0100

The International Monetary Fund is proposing to raise its lending capacity by as much as $500 billion to insulate the global economy against any worsening of Europe’s debt crisis.

The Washington-based lender is aiming to increase its resources after identifying a potential need for $1 trillion in financing in coming years, an IMF spokesman said in a statement. The IMF is studying options and will not comment further until it has consulted its members, the fund said. To incorporate a cash buffer, the lender is seeking a total $600 billion.

IMF Managing Director Christine Lagarde said yesterday her staff is looking at ways to expand the fund’s war-chest, which currently has about $385 billion available. While euro-region nations have already pledged to contribute 150 billion euros ($192 billion), the U.S. has said it has no plans to make new bilateral loans and leaders of Group of 20 nations ended last year at odds over the issue.

World Bank Warns of Global Recession

By Moran Zhang: Subscribe to Moran's RSS feed

January 18, 2012 12:18 PM EST

The World Bank warned Wednesday that the global economy is on the cusp of a new financial crisis, one similar in magnitude to the chaos following the collapse of Lehman Brothers in 2008.

The Washington-based institution slashed its global growth forecast by the most in three years and urged developing countries to prepare for further downside risks as the Eurozone's debt crisis deepens.

"The global economy is entering into a new phase of uncertainty and danger," the bank's chief economist, Justin Yifu Lin, said in a statement. "The risks of a global freezing up of capital markets as well as a global crisis similar to what happened in September 2008 are real."

The bank's latest forecast marks an abrupt downturn in its outlook. Just six months ago, the bank forecast the world economy growing at 3.6 percent in 2012; now it has shaved 1.1 percentage points off of global growth, projecting a 2.5 percent growth this year. Emerging countries are expected to grow 5.4 percent, down from 6.2 percent previously projected, while developed countries will expand 1.4 percent, down from 2.7 percent. For the 17 countries using Europe's single currency, the World Bank forecast a contraction, cutting their growth outlook to negative 0.3 percent from a positive 1.8 percent.

IMF Proposes Trillion Dollar Lending Expansion

Here's a dead on arrival proposal: IMF Proposes Trillion Dollar Lending Expansion

Most European stocks rose, erasing earlier losses, as the International Monetary Fund was said to propose a $1 trillion expansion of its lending resources. Asian shares and U.S. index futures advanced.

The IMF is proposing an expansion of its lending resources to safeguard the global economy against any worsening of Europe’s debt crisis, according to an official at a Group of 20 nation. The lender is pushing China, Brazil, Russia, India, Japan and oil-exporting nations to be the top contributors, according to the official, who spoke on condition of anonymity because the talks are private.

Noda Says Japan Must Heed Lessons From Europe’s Credit-Rating Downgrades

By Lily Nonomiya and Toru Fujioka - Jan 15, 2012 4:01 PM GMT+0100

Prime Minister Yoshihiko Noda said containing Japan’s public debt load, the world’s largest, is critical after Standard & Poor’s downgraded credit ratings on France, Austria and seven other European nations.

Europe’s fiscal situation “isn’t a house burning on the other side of the river,” Noda said on TV Tokyo Holdings Corp.’s program on Jan. 14. “We must have a great sense of crisis.”

Noda reshuffled his cabinet last week, aiming to win support for doubling Japan’s 5 percent national sales tax by 2015 to trim the soaring debt. S&P said in November Noda’s administration hadn’t made progress in tackling the public debt burden, an indication the credit-rating company may be preparing to lower the nation’s sovereign grade.

Japan’s government, which has enjoyed borrowing costs that are around 1 percent, wouldn’t be able to manage its finances if bond yields surged to 3 percent, Noda said last week. The country risks seeing a spike in government bond yields unless it controls a debt load set to approach 230 percent of gross domestic product in 2013, the Organization for Economic Cooperation and Development said on Nov. 28.

Irish banks will shrink and shrink

January 16, 2012 Post by David McWilliams

The European debt crisis is moving swiftly to the next phase following the downgrade of France and the collapse of the Greek negotiations with its creditors last Friday night.

It is becoming increasingly obvious that there will be no deal in Greece. This is good news because it means the end of the pass-the-parcel-ponzi-scheme, whereby the bill for more and more institutional debt was passed on to more and more innocent people who had nothing to do with the debt in the first place.

Greece will default – as it should. The bondholders will get roasted – as they should – for making bad investments. The laws of capitalism will be allowed to do their thing. Debtors and creditors will pay – as they both should – with both parties sharing the cost.

Whether this leads to Greece being pushed out of the euro remains to be seen. An opportunistic play by a desperate Greek government might be a total default, followed by the reintroduction of a new currency and then the restart button is hit. Initially, it would be an international pariah, but over time it would recover.

SilverDoctors: Ron Paul Warns of IMF One World Currency to Replac...

SilverDoctors: Ron Paul Warns of IMF One World Currency to Replac...: Ron Paul warns of the elite's plans to replace the dollar with a one world currency from the IMF at the Eagle Aviation rally in South Caroli...

Hungary Folds, Ready To Change Its Laws To Get European Bailout Money

If there is any one more vivid confirmation of Mayer Rothschild words "Let me issue and control a nation's money and I care not who writes the laws" then we have yet to find it. Today Hungary, which had "valiantly" defied Europe and the IMF in ignoring pressure to make its central bank more "malleable" finally folded, following a recent explosion in its bond yields, a surge in CDS to records, and a collapse in its currency.

Greece will leave euro if second bailout fails, says Kapsis

Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday.

It was an unusually public stark warning from the embattled country, aimed at shoring up domestic support for tough measures and possibly also at the lenders themselves.

"The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro," spokesman Pantelis Kapsis told Skai TV. "The situation will be much worse."

Greece is racing against the clock to agree with the EU, the IMF and private bondholders on the details of the rescue plan before a major bond redemption in March. It risks a default if there is no deal by this date.

Athens and its EU partners have repeatedly ruled out a euro exit, which could drag the bloc even deeper into crisis, and usually avoid saying this is a possible scenario.

But top Greek officials, who need to push through unpopular reforms to clinch the bailout deal, have warned over the past few days that a return to the drachma would be "hell" and that the country must stick to austerity to avoid it.

Gold and Silver Rise

By Paul A. Ebeling, Jnr. | January 3, 2012 3:15 AM EST
LiveTradingNews

Gold and Silver rise on safe haven demand

Gold and Silver gained after reports over the weekend that Iran produced its 1st nuclear fuel rod, causing investors to buy the precious metal as a safe haven.


Gold for immediate delivery advanced 0.2% to 1,566.27 oz, and Silver was + 0.1% at 27.8625 oz.

Gold rose 10% last year, the 11th straight annual gainer, and Silver fell 9.9% on the year..

Gold reserves increased in November in Belarus, Turkey, Tajikistan, Macedonia, Mauritius and Morocco, and declined in Mexico, according to data on the International Monetary Fund's website.

Who holds the world's biggest gold reserves?

NEW YORK (Commodity Online): Following uncertainty in the equity markets and the global economy, countries and organizations believe that Gold is a safe haven and investing in gold is a sure ticket to preserving hard-earned wealth. A store of value and a safe one at that, gold as a commodity has been appreciating and giving investors ample returns barring a few instances.

In fact, the biggest institutional holders of gold—central banks, international entities and governments—are believed to account for approximately 16.5 percent of the world's gold, holding about 30,700 tons.

United States: The United States Bullion Depository in Kentucky—otherwise known as Fort Knox—is the most famous gold stockpile in the world. It holds the majority of the nation’s gold reserves, the remainder of which is held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office. Altogether, the total gold reserves of the U.S. equal 8,965.6 tons and would be valued at approximately $522.16 billion in today's market.Germany: The Deutsche Bundesbank, Germany's central bank, has 3,747.9 tons of gold reserves, which are valued at about $218.28 billion. According to the World Gold Council, Germany’s gold coffers account for 71.4 percent of total foreign reserves.

The International Monetary Fund: The International Monetary Fund (IMF) oversees international economic operations of 185 member countries. Its gold policies have changed in the last 25 years, but the reserves remain to stabilize international markets and aid national economies. In one such instance, the IMF sold a portion of its reserves in December 1999 to aid the Heavily Indebted Poor Countries Initiative. The 3,101 tons of IMF Gold would fetch roughly $180.6 billion in the open market.

Italy: The Banca D'Italia manages Italy's foreign reserves, which have been reported at 2,701.9 tons by the World Gold Council and comprise the fourth largest gold reserve in the world. These holdings are worth $138.33 billion and account for 71.2 percent of the country's foreign reserves.

France: The French National Bank, Banque De France, is home to the country's gold holdings, which comprise 66.2 percent of its foreign reserves. With 2,683.8 tons of gold in reserve, France's holdings are worth approximately $156.31 billion.



Source: World Gold Council (data updated on August 2011)

Oblivious Because of Mainstream Media: There is no wonder so many are in the dark and completely unprepared for the next crash. The front page of USA TODAY, last week, touted a headline that read: “Are We There Yet?” The article said, “The economic signs are encouraging, but we’re a long way from a comeback.” It covered recent upticks in auto and home sales. It also said the unemployment rate recently fell to “8.6%.” The USA TODAY story went on to say, “Although the decline was partly due to a 315,000 drop in the labor force as discouraged job seekers simply gave up, employment is up an average 321,000 a month since August, according to the Labor Department’s household survey. Most encouraging: Much of the hiring appears to be by small businesses, which typically fuel job growth in a recovery.” Wow, the fact that 315,000 people “simply gave up” seemed completely glossed over. Why did more than 300,000 people give up? Maybe it’s because there are precious few jobs. And what about the 400,000 people every week filing unemployment claims? Never let the facts get in the way of positive spin to please the advertisers. The USA TODAY story closes with a business professor who said, “I have a lot of confidence in the future.”

December 19, 2011, at 4:56 pm
By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

I think most people are simply oblivious to the enormous dangers the world economy faces. Oh, I think we will all get through Christmas and New Years without a meltdown, but all bets are off in 2012. A new acquaintance of mine told me last Friday, “Isn’t the economy getting better?” I just looked at her and shook my head in the negative. Then she said, “I guess if it was getting bad, the media wouldn’t tell us the truth.” I shook my head in the affirmative. My new friend is 75 years old and gets a Social Security check every month. She’s pretty sharp, but I don’t blame her for being misinformed. She gets her news the old fashioned way—from the mainstream media (MSM).

Europe Is Now Officially Bazooko's Circus - Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy