Haystack 2013

[Spruitje]

A new year, a new quarter, a new thread! Earlier topics for this thread:

Haystack Q4 2012
Haystack Q3 2012
Haystack June 2012
Haystack May 2012
Haystack April 2012
Haystack March 2012
Haystack February 2012
Haystack January 2012
Haystack December 2011
Haystack November 2011
Haystack October 2011

[bailouts4ever]

Whoever told you that Greece is "getting better" has been plainly lying.

Here's what the IMF really thinks as of January, 2013 (http://www.imf.org/external/pubs/ft/scr/2013/cr1320.pdf):

"The alternative of euro exit would quickly correct exchange rate overvaluation and eventually reduce the debt overhang through default and a
subsequent comprehensive restructuring, but would likely lead to severe economic disruption."

"Heightened implementation risks and lingering euro exit fears are expected to depress demand for privatized assets, weighing on sales volumes and prices"

"Nonetheless, risks remain significant. Stress tests single out risks from delays in reforms, more adverse macro dynamics, and non-implementation (leading to euro exit)."

"Important in this regard, Staff believes that recent evidence that the authorities are determined to persevere with the
program, despite a difficult political situation, and that European partners are continuing to provide unprecedented support, will gradually convince investors that the risk of euro exit is dissipating, despite the high debt levels entailed by the gradual approach to debt relief."

"Greece will not successfully restore robust growth while remaining in the euro area without deep structural reforms."

Sounds all very positive, doesn't it?

[Rasta]

The way to solve the problem:

ZeroHedge: SEC Bars Egan-Jones From Rating The US And Other Governments For 18 Months

Problem solved, no more downgrades for the US.

[Indiana Jones]

if you can't beat them ..... join't them .....

[bailouts4ever]

Let's take a "STEP" up:

The Austrian Business Portal Format.at reports http://www.format.at/articles/1303/941/ ... -kontrolle about a secretive and totally unregulated bond market called "Short Term European Papers Market" (ST€P - no joke, that's their logo...) run by the Banque de France.

http://www.stepmarket.org/

Via STEP companies (Banks and other entities) can "transfer" their bonds in and out without much regulation and of course in a non-transparent manner. These transfered bonds via the Banque de France can then also be used as collateral for fresh ECB money.

Recent market volume 445 billion Euro.

French banks alone have used bonds in the ST€P market as collateral for 190 billion Euro in fresh cash from the ECB...

And here's how it works:



Interesting circle of money, isn't it?

[Obi-Wan]

Germany Backs French Intervention In Mali

Link article

Why would they do that....

The answer according to Jim Willie CB (paid subscribers)

An announcement was made that the German gold repatriation will be given seven years to occur, with each the US and France citing a seven year timeline. They must have forged a deal whereby London has the time to replace the leased, sold, stolen gold. Consider the extension an olive branch. The two hard pressed national central banks will be forced to appeal to Basel and Rome. Ben Fulford makes an intriguing point. The French are pursuing the Mali gold, which might offer 85 tons output per year, according to available 2006 statistics. After seven years, the almost 500 tons produced in Mali, sequestered by colonialists, might be roughly equal to the 674 tons owed to Germany. The details are the US Federal Reserve owes Germany 300 tons in gold, and the French Central Bank owes Germany 374 tons in gold. Fulford implicitly raises the question of whether Mali is seen as a solution to the German gold repatriation demand by colonial bankers, in a joint US-French Military operation. It makes sense.

[Rasta]

Let the party begin in 4 months. Reality check with John Williams. Though Williams may have been slightly offset in his timing, his analysis of data is sound.

[Rasta]

The coming shortsqueeze will take gold to $5.000 to $10.000. Just by hedge funds taking delivery of the paper gold.

King World News: Kaye - Expect A Massive Silver Short Squeeze
Download: mp3 audio [17:14]
Listen:

[Rasta]

[Rasta]