Greece May be Forced to Leave the Euro

Germany and the European Central Bank are thought to have drawn up detailed plans for a Greek exit for the euro. They are designed to stop it provoking panic in other vulnerable countries, particularly Spain and Ireland. However, this is fraught with difficulties, particularly if Greece refuses to take part in an “negotiated exit”.

Yesterday, Mrs Merkel raised the spectre of Greece leaving the euro. She is under increasing pressure in Germany to force the country out of the single currency to avert several more years of uncertainty. “I believe it’s better for the Greeks to stay in the euro area, but that also requires that we set out a path on which Greece gets back on its feet step by step,” said the chancellor.

- Read the full article here:

http://www.telegraph.co.uk/finance/financialcrisis/9265930/Merkel-tells-Greece-to-back-cuts-or-face-euro-exit.html

Can YOU See the Future?

Bring on the Money Printing!

"It’s clear that people aren’t going to stand for austerity anymore and the politicians, all they want to do is get reelected, so they are going to go where the votes are. This probably ought to be the final hurrah for the deflationists argument. I say ‘argument’ because it hasn’t been an outcome, it’s just been a theory.”

- Bill Fleckenstein, via a recent King World News interview:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/8_Fleckenstein_-_Stock_Market_to_Tank,_Buffetts_Ego_%26_Gold.html

BRICS to Establish New Bank

The decline of the dollar continues. The dollar is being circumvented daily. When will the tipping point be hit?

Inflation is Here to Stay

Embry - The Paper Guys have Overplayed their Hand

“I would dare say that the manipulation (of gold) today is perhaps more blatant and there is more of it than I’ve ever seen. They (the manipulators) don’t care anymore. You see these 3 o’clock in the morning precipitous drops.

You see drops when the COMEX opens and when the London PM fix is in. There are always these times they attack, and no market that wasn’t being manipulated would trade with that regularity.

I am of the mind that the paper guys have overplayed their hand and they have pushed the price too low. The people in the East, in particular, the Russians, the Chinese, etc., know perfectly well the situation. They are using this as a wonderful opportunity to take on more and more physical at what I would consider to be bargain prices.

I was fascinated by what Jim (Sinclair) had to say, that he thought there could be an air pocket in gold to the upside. That would really be something, but it wouldn’t shock me.”

- John Embry via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/27_Eric_Sprott_-_Global_Shocks_Coming,_Investors_Need_to_Prepare.html

Keiser Report: Return of the Silver Liberation Army

  "In this episode, Max Keiser and co-host, Stacy Herbert, discuss the return of the Silver Liberation Army as JP Morgan's Blythe Masters claims the bank does not manipulate silver prices. They also discuss JP Morgan's 'London whale' breaking the credit default swap (CDS) index market with massive prop position. In the second half of the show Max talks to author, Pierre Jovanovic, about Blythe Masters role at JP Morgan and the similarities between the world today and France of the 18th century on the eve of revolution."

Silver Manipulation Acknowledged

- Source: http://goldsilver.com

Vice President Biden: "We Want To Create A Global Tax"

Make sure this never happens!

"For years, American manufacturers have faced one of the highest tax rates in the world. We want to reduce that by over 20%. We want to drop the rate, particularly, for high-tech manufacturers like you, Mr. President, even further than the 20%," Vice President Joe Biden said at a manufacturing plant in Davenport, Iowa this week.

"We want to create (what's called) a global minimum tax, because American taxpayers shouldn't be providing a larger subsidy for investing abroad than investing at home," Biden said at a campaign event.

- Read the full article here:

http://www.realclearpolitics.com/video/2012/03/30/biden_we_want_to_create_a_global_minimum_tax.html

OECD calls for $1.3-trillion euro zone fund

Euro zone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week, the head of the OECD said on Tuesday, advocating “the mother of all firewalls.”

Investors and many European officials want ministers to agree a combination of the 17-nation currency area’s two rescue funds to nudge the International Monetary Fund into backing debt-stricken European economies, should they need help.

“When dealing with markets you must overshoot expectations,” said Angel Gurria, the secretary general of the Organization for Economic Co-operation and Development (OECD).

- Read the full article here:

http://www.theglobeandmail.com/report-on-business/international-news/european/oecd-calls-for-13-trillion-euro-zone-fund/article2382338/

Jim Sinclair on the Inflation / Deflation Debate

Jim Sinclair discusses the age old inflation / deflation debate. He also answers some common questions he often receives. This is from 2009. You can see how correct Jim has been.

Jim Sinclair and the Nuclear Economic Trigger

"In this week's interview with Ellis Martin, noted analyst and gold guru James Sinclair outlines not a scenario but a reality that is here now. The US has pulled the nuclear economic trigger on India and Japan in the interest of coercing them to cease trading for oil with Iran. The gun is actually pointed at ourselves. Listen and hear why the dollar is ultimately doomed as these countries now look to the Yuan and Euro as a trading tool instead of the dollar. That's India and Japan...Russia....China.....Europe....etc."

- Source:

http://www.ellismartinreport.com