Friday, November 28, 2014

Alpha Lipid Lifeline ----- The Best Colostrum in The World

INTRODUCTION 

 

INTRODUCTION

To combat these factors we now have ALPHA LIPID™ LIFELINE™ with Colostrum Powder and Lactobacillus Acidophilus and Bifidobacterium.

ColostrumNature’s miracle product, Colostrum could justifiably be called a medical food. As ‘natures first food’, it is the pre-milk fluid produced from the mother’s mammary glands during the first 36 hours after birth and is nature’s perfect combination of immune factors, growth factors, vitamins and minerals that are designed to promote a vibrant, healthy body and an ability to fight off a host of all types of infections.

Why New Zealand Colostrum?All Colostrum IS NOT the same. From start to finish, Colostrum harvested from cows raised in New Zealand is superior to any other Colostrum in the world. This is all due to the ideal pure climate, pesticide, antibiotic and BSE free pasture-fed cows, highly regulated farming techniques, and a multi-million dollar investment in the equipment necessary to best process Colostrum properly. No other Colostrum can compare.
 
Completely Safe
There are no negative side effects recorded with Colostrum - in fact, the growth factors produce significant positive side effects.
According to the International Institute of Nutritional Research:
“INTENDED BY NATURE AS AN INFANT’S VERY FIRST FOOD: it is hard to imagine any nutritional substance more natural or beneficial than Colostrum”.

WHY ALPHA LIPID™ LIFELINE™ COLOSTRUM?

1) Natural Antibodies

Colostrum is nature’s only supplemental source of the antibodies and immunoglobulins that fight allergens, yeast, bacterial and viral infections.

Scientific studies report that Colostrum contains all four of the key immunoglobulins: IgG, IgM, IgA and secretory IgA.

PLUS: The Cytokines: Interleukin 1 and 6, tumour necrosis factor and interferon y, and Lymphokines, Lactoferrin, Lactalbumins, and other specific components that have been shown to be effective in killing invading viruses, bacteria, yeasts, protozoas and pollutants.

Medical studies indicate that most invading disease enters the body through the mucus lining of the small intestine. Colostrum has been shown to coat the mucus lining of the digestive system and other mucus membranes with antibodies to neutralize the invading bacteria, viruses, yeasts, pollutants and allergens and their toxins before they can enter the body. Further, Colostrum’s growth factors stimulate the rapid healing and regrowth of damaged mucal lining to stop further penetration of pathogens.


2) Immune System

Scientific studies have shown that a key component of Colostrum (PRP) is a major regulator of the immune system. Clinical studies show that PRP can be effective in activating an under-active immune system to take action against disease - causing organisms as well as suppressing an over-active immune system where the body is attacking itself, often seen in auto-immune diseases such as Lupus, MS and rheumatoid arthritis.


3) The ALPHA LIPID™ Advantage

New Image has developed ALPHA LIPID™ - a patented exclusive coating made up of added complex lipids which enhances the solubility of Colostrum - delivering it much more effectively to the key areas of the body with positive effects on the liver, gut and brain function. Phospholipids, components of ALPHA LIPID™ , have been associated with improved memory and also shown to help elevate mood and reduce the symptoms of depression.


4) Easily Absorbable Calcium

There are 1000mg of calcium in each serving of Alpha Lipid Lifeline. Concentrated calcium from cow’s milk is the most accessible and easily assimilated form of this mineral. 1000mg of calcium
daily is close to the RDA and will ensure promotion of healthy bone structure and give protection against the development of Osteoporosis if taken on a daily basis over a lifetime.


5) Natural Intestinal Flora


Antibiotics, some cortisone-like drugs, birth control pills, alcohol, some food additives, caffeine, chlorinated or fluoridated drinking water and stress can destroy the natural intestinal flora. People who have had the natural balance of flora disturbed need a reinforcement of naturally occurring lactobacillus acidophilus, as contained in ALPHA LIPID™ LIFELINE™.


6) Growth Factor Hormones

Colostrum is the only natural supplemental source of the actual growth factors (hormones) IgF-1, TgF A & B, FgF, EgF, and PDgF, that research has shown control normal muscle, nerve and cartilage cell growth, regeneration and repair.

Naturally produced in your youth, they diminish with age. Without them, the body ages and we grow old:
• Anti-aging
• Shown to be effective in building new lean muscle tissue and decreased fat.
• Shown to be effective in increased burning of fat and decreased burning of muscle tissue.
• Shown to stimulate growth and regeneration of muscle, skin, cartilage and nerve tissue due to athletic stress, age, injury or trauma.


Scientific studies show that Colostrum from cows contains more immune and growth factors than human Colostrum, and is completely assimilable by humans.


7) Cholesterol Reduction

A number of double blind studies in the USA involving patients with high serum lipids showed reductions in arteriosclerosis and arterial plaque of 15%.


8) Anti-Inflammatory Properties

There is substantial evidence to show that people suffering from rheumatoid arthritis and offer inflammatory disease have had considerable relief from using Colostrum-based products.

 

PRODUCT INFO

Lifeline is a total wellness product. It not only gives you all the immune-boosting, health-preserving qualities of top-grade New Zealand colostrum, it also contains vitamins, minerals and probiotics to ensure a healthy body.

Ingredients:Colostrum concentrate, Milk powder, Glucose, Vitamin and mineral concentrates, Vegetable gums, Vanilla flavour, Lactobacillus, Acidophilus

    Available in 450g

  • Lifeline is the complete wellness package designed for you to take every day. Just make up a delicious shake, or sprinkle it over your favourite food!

  • The lactose molecule has been reduced to its simple sugar so that people who are lactose intolerant can also benefit from this product.

  • We have added acidophilus, a 'friendly' bacteria which helps promote a healthy intestine and aids the prevention of yeast infections.

  • Lifeline is calcium enriched, providing the daily requirement to ensure fit, healthy bones.
    Vitamins and minerals are added to give an extra boost - making sure Lifeline truly justifies its name!
Each serving has 200mg of Colostrum containing a minimum of 240mg IGG, and over three million viable Acidophilus units.




Each 18g serving contains:
  • Energy 200kJ
  • Protein 1.6g
  • Fat 0.04g
  • Lactose 2.1g
  • Glucose 8.7g
  • Vitamin A 560mcg
  • Vitamin B1 1.6mg
  • Vitamin B2 1.6mg
  • Niacin (B3) 20mg
  • Pantothenic Acid 6mg
  • Vitamin B6 2mg
  • Vitamin B12 2mcg
  • Folic acid 200mcg
  • Biotin 60mcg
  • Vitamin C 60mg
  • Vitamin D 7.5mcg
  • Vitamin E 10mg
  • Calcium 1125mg
  • Iron 2mg
  • Magnesium 90mg
  • Phosphorus 580mg
  • Sodium 20mg
  • Potassium 65mg
  • Vitamins are 100% of average recommended daily dose for adults.
  • Immunoglobulin G 240mg 

WHO NEEDS IT? FOR WHAT? 

Athlete : Colostrum gives quick muscle recovery.

Sick People: Live antibodies speed up recovery A LOT( trust me, it's A LOOOOOT).

Over-weight people : Growth hormone will dramatically increase your lean muscle, thus increasing your metabolism to burn more calories.

Under-weight people : Growth hormone will help you build up your body.

High Blood Pressure/Diabetic patient : Colostrum helps stabilize blood sugar/pressure level, this is a widely known fact.( you can check from internet)

People taking supplement: because it contains LOTS OF EXTRA GOODIES, TAKE A LOOK AT THE INGREDIENT

WHY THIS PRODUCT? (again?) 

1) Because Alpha Lipid Lifeline is Different
find out more about colostrum from http://en.wikipedia.org/wiki/Colostrum

-Alpha Lipid Lifeline contains patented ingredient ( Alpha Lipid ) which boosts Brain Function and increase Absorption Rate by 100%..
-Alpha Lipid Lifeline NOT only contains Colostrum but many other additional supplementation including up to 1125 mg of calcium.
-Alpha Lipid Lifeline is added is Acidophilus, Lactobacillus, Bifidobacterium, Vitamins -A, B1, B2, B3, B6, B12, C, D3, E, , folic acid, biotin, ferrous fumerate and magnesium oxide.

it's ALL IN ONE everything YOU NEED

2) New Image is the FIRST company to produce/market Colostrum
Check here http://www.newimageasia.com/colostrum.php

3) New Image WON PLENTY OF AWARDSNew Image won the EXPORT AWARD OF NEW ZEALAND SOURCE:
http://www.newimageasia.com/news.php

Not 1 but 3 export awards!!!

New Image International has again been named a finalist in the New Zealand Trade and Enterprise 2004 Export Awards.

NewimageNews » Biotechnology Export Award New Image received another Export Award

4) WHY NEW ZEALAND COLOSTRUM?
All colostrum IS NOT the same. From start to finish, Alpha Lipid colostrum harvested from cows raised in New Zealand, is superior to any other colostrum in the world. This is all due to the ideal pure climate, pesticide, antibiotic and BSE free pasture-fed cows, highly regulated farming techniques, and a multi-million dollar investment by New Image in the equipment necessary to best process Alpha Lipid colostrum properly. No other colostrum can compare.

Manufacturing Won't Save Our Economy

Submitted by Edgar T. Wilson

Shh—listen: right now, somewhere, someone, probably someone you know, is making an impassioned argument that if the government would just stop letting these corporations ship our jobs overseas and start investing in American manufacturing, the U.S. would return to its global leadership position with a singing economy.
Can you hear it?
Despite the popularity of blaming outsourcing and the decline of American manufacturing for all the country’s economic stagnation, the truth is, typically, more complicated.
For one thing, those who cry that manufacturing must be brought back to prominence in the U.S. have reason to take heart: there are already signs on the horizon that outsourcing is turning to insourcing, and that the money-saving opportunities in China and beyond have more or less dried up. Without the cost differential, the time lost on shipping and logistics eliminates any appeal of outsourcing, after all. And this trend began without any heavy-handed intervention from the federal government.
But the manufacturing on its way back to American shores is not the same industry that was shipped out. While China and India put their vast human capital to work in factories, engineers, inventors, and tinkerers from every trade have brought a determinedly 21st century methodology to the table that sharply reduces the need for vast human capital.
It is inarguably true that American factories helped build the country’s middle class; the same model is at work in BRIC nations today. Uneducated, unskilled workers suddenly have opportunities to make more than ever before, and a huge move from the countryside to the city permanently reshapes the nation. It happened in the U.S. following World War II, and it has happened in China since it opened up trade with the world in the 80’s.
But the technology that helps supply the world with tradable goods has changed considerably; assembly lines no longer represent lifelong career tracks, factories are not springing up left and right just to meet skyrocketing demand, and most importantly, these facilities are no longer destinations in unskilled workers.
The sorts of factories operating in the U.S.—and the only sort likely to be built anytime soon—require engineers and tech specialists, and in much smaller numbers than the factories nostalgically recalled by those demanding more “Made in America” products. The tools of the trade have changed, and robots—not foreign workers—are the ones stealing American jobs.
Efficiency today no longer means higher employment; it means better technology operated by a few highly educated workers. Robots are increasingly adept at assembly, while 3D printers are quickly advancing beyond prototype development and finding a new role as mass-production devices.
This move toward efficiency without the human element eliminates economies of scale, where lots of workers must make lots of widgets and make up the expense in sales volume. 3D printing levels out production costs so that one unit is as cheap to produce as one thousand.
Outside the factory, catchphrases and speechmakers have similarly missed the point with invectives to “Buy American” or boycott products “Made in China,” or both. Realistically, the international supply chain is too large and integrated for a consumer to make anything like an informed decision to buy from one country but not another. Raw materials from around the world are used to make various components of various parts that go on to multiple stages of assembly in factories all over—“Made in ___” labels are nowhere close to a straight line to a country of origin.
A new trick some companies are using (apparently, with good results) is labeling their products as “Made in PRC” to avoid the watchful eyes of consumers on the lookout for “Made in China”. Of course, China is shorthand for People’s Republic of China, so both labels are accurate and both pass muster at the border.
Rather than focusing on where things are being made and who gets the supposedly coveted opportunity to make them, policy-makers and average citizens need to turn their collective focus where it matters: on the what of manufacturing. What, ultimately, is in demand from the factories?
Neither America’s nor China’s factories have a secure position in the economy without unique, high-demand products to make; this requires innovation. At present, the U.S. continues to lead the world in innovation, but China is hardly unaware that, whether through global on-shoring of assembly and production, or the development of smarter factories, they can be replaced just as quickly as the traditional American factory worker.
Although “get smart” may not have the same patriotic, confrontational ring as “buy American!” or “bring our jobs back!” it is closer to the mark. Looking backward at how the country built its wealth and middle class is no longer helpful in drawing the roadmap toward preserving it; but investing in the areas America is still the world’s leader makes more sense than trying to regain an industry that is already obsolete.

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National Gasoline Price Drops To $2.91 In November

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National Gasoline Price Drops To $2.91 In November http://www.floatingpath.com/2014/11/26/national-gasoline-price-drops-2-91-november/ 

The Petrodollar Quietly Died, And Nobody Noticed… “Petrodollar exports to be negative in 2014 for first time in 18 years” – BNP Paribas

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How The Petrodollar Quietly Died, And Nobody Noticed: http://www.zerohedge.com/news/2014-11-03/how-petrodollar-quietly-died-and-nobody-noticed 
 
 
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"Petrodollar exports to be negative in 2014 for first time in 18 years" - BNP Paribas via ZH

Alan Greenspan, central banker extraordinaire, believes gold is money — and not only that, but that “no fiat currency, including the dollar, can match it”:


According to Zero Hedge, these gold-supportive comments were removed from the official transcript of his recent interview with the Council of Foreign Relations.
Part of me is thrilled to have the truth spoken so directly by such a titanic figure of the establishment.
The other part of me is royally pissed. Where was this commentary when he was running the Fed, this man whose policies (and those of his successors) have been more damaging to fair and true price discovery for the precious metals than anything else in all of history?

If we hadn’t experienced Federal Reserve created inflation over the last 18 years the cost of your Thanksgiving dinner would be about $21. But thank Greenspan, Bernanke and Yellen for the increase to $50.

by James Quinn
Central bankers always seem worried about deflation. The cost of Thanksgiving dinner is about the same as last year. Is it a bad thing that your costs didn’t go up? If we hadn’t experienced Federal Reserve created inflation over the last 18 years the cost of your Thanksgiving dinner would be about $21. But thank Greenspan, Bernanke and Yellen for the increase to $50. Everyone give thanks to central bankers for costs more than doubling in the last 18 years.


Facebook Can’t Cite Evidence to Support Claims of U.S. Tech Worker Shortage

Facebook, which has spent millions trying to get massive amnesty legislation that would include huge increases in the number of guest-worker permits that would lower the wages of tech workers, cannot cite any definitive evidence pointing to a shortage of American high-tech workers.
The fact that a mainstream media outlet questioned the company about those claims may say as much as Facebook’s refusal to provide evidence of the so-called shortage.
A funny thing has happened since tech industry scholars wondered why the the mainstream media were giving the high-tech industry a “free pass” on claims that there is a dire shortage of American high-tech workers.
http://www.breitbart.com/Big-Government/2014/11/25/Facebook-Can-t-Cite-Evidence-to-Support-Claims-of-U-S-Tech-Worker-Shortage-After-MSM-Finally-Challenges


Swiss Anti Gold Propaganda Questioned – Gold Protects Purchasing Power

by GoldCore
By Eric Schreiber, independent asset manager, former head of commodities UBP, former head of precious metals Credit Suisse Zurich. All views expressed are his and may not reflect those of his former employers.
The Swiss will vote on a referendum on November 30th that would ban the Swiss National Bank (SNB) from selling current and future gold reserves, repatriate foreign stored gold holdings to Switzerland, and mandate that gold must comprise a minimum of 20% of central bank assets. The SNB does not usually comment on political referendums. However, in this case it has done so quite vocally.
Why has the central bank decided to step into the political fray and oppose this initiative? What are its concerns? Are they valid or motivated by other factors?
The SNB’s primary objections to the gold initiative are three fold. 1) It claims that gold is “one of the most volatile and riskiest investments”, 2) that a 20% gold requirement will lower the “distributions to the confederation and the cantons” since gold does not pay interest like bonds and dividend paying stocks, and 3) that the 20% gold holding requirement will interfere with its ability to conduct monetary policy and complicate efforts to maintain “the minimum exchange rate”, the “temporary” policy of pegging the Swiss franc (CHF) to the Euro (EUR) it initiated in 2011 and continues to enforce to this day.
The first two concerns can quickly be addressed and discounted. Gold is indeed a volatile asset at times but so are bonds and equities. In recent years Greek, Spanish, Italian, Irish and other European bonds have been far more volatile than gold. The SMI, the Swiss stock index, lost over 50% of its value on two separate occasions between 2000 and 2009 while gold steadily rose at an annual rate of 8.50% over the same period.
Regarding the second concern, the distribution of proceeds derived from financial speculation and paid to the confederation and cantons, one has to question whether or not it is really appropriate for the SNB to re-brand itself as a hedge fund instead of remaining focused on its core responsibilities as a central bank.
To properly address the third SNB concern requires a historical context and a more detailed analysis. Prior to the change in the Swiss constitution, the CHF was backed by a minimum amount of 40% gold. Despite this constraint, Swiss monetary policy at the SNB was unhindered and functioned properly during the post World War II period. The SNB is correct in implying that today a partial gold backing, as required by the referendum, would make its policy of weakening the CHF against the EUR more difficult. Although the SNB has raised the currency peg as a reason for voting against the referendum the issue has not been directly addressed by the “YES” camp. Is the peg necessary? Does the population in Switzerland benefit as a whole from a weak EURCHF exchange rate? Why does the SNB feel compelled to continue a policy that it characterized over 3 years ago as “temporary”? How did “the minimum exchange rate” policy come to be? Why hasn’t there been a public debate about it?
The answer to these questions begins with a look back into regional history a little over two decades ago. The Swiss population voted down two separate initiatives, one in 1992 and the other in 2001, to join the European Union (EU). Despite the popular votes, Switzerland was integrated into the EU for all practical purposes although officially it still remains outside the group of member nations. Entry into the EU was initially achieved by political means through a series of bilateral treaties, 10 in total, and then later in 2005 by popular vote in favor of the Schengen agreement. Laws between the EU and Switzerland were harmonized and Swiss border controls with EU member countries were abolished to permit the free flow of people, goods, and services. Unfortunately, Switzerland’s stealth ascension to the EU made a public vote on whether or not to replace the nation’s sovereign currency the CHF with the EUR politically impossible. To circumvent the issue, the SNB decreed on September 6th 2011 that it would enforce a “temporary” peg of 1.20 CHF to the EUR, a policy it refers to as “the minimum exchange rate”, to fend off EUR flows entering the country due to the financial crisis that was engulfing Spain and Greece at the time. The CHF would henceforth be permitted to loose value against the EUR but never to strengthen beyond 1.20. In this manner, monetary policy for Swiss affairs was quietly handed over to the European Central Bank (ECB) while maintaining the mirage of a Swiss sovereign currency before the public. The CHF was transformed overnight into a derivative instrument of the EUR without the ratification or knowledge of the population. The chart below shows the link between the EUR and the CHF derivative instrument since the “temporary” “minimum exchange rate” measure was put in place over 3 years ago. Note how the red line, the CHF, closely tracks the green line the EUR, but always remains a little bit below it (weaker) but never above it (stronger). Why is this policy still in place given the fact that the crisis in Spain and Greece has ended according to the EU?
(Source Bloomberg)
The conversion of the sovereign Swiss currency into a EUR derivative tracking unit was achieved by the SNB in a four step process:
1 – the SNB publicly announced in 2011 that it stood ready to print “unlimited quantities of CHF “ and proceeded to print CHF out of thin air
2 – the SNB sold the newly minted CHF to buy EUR when the EURCHF exchange rate traded below 1.20
3 – the SNB used the EUR it acquired in step 2 to buy EUR denominated bonds
4 – the SNB promised Federal and Cantonal politicians the future interest “revenue” from the vast bond stockpile
Evidence of this process can be seen in the figure below demonstating the dramatic expansion of the SNB balance sheet since the “minimum exchange rate policy” was put into effect. At over 83% of GDP, the Swiss National Bank’s EUR bond purchasing program is in a league of its own when compared to other activist central banks around the world. SNB “assets” have surpassed 520B CHF and keep growing.

(Source Bloomberg)
By gorging itself on EUR denominated bonds and bloating its balance sheet the SNB has created a significant foreign exchange risk exposure for itself. The SNB cannot meaningfully reduce its holdings and extricate itself from the currency risk it has created without incurring significant losses selling its inventory of EUR bonds at a rate below the 1.20 level. China, a country that has pegged its currency to the USD for decades, finds itself in a similar predicament. It is unable to sell its massive inventory of USD holdings without putting pressure on its own peg as well. However the Chinese and the Swiss situation differs in one very important manner. China is a net exporter of goods and services to the US. Chinese losses on the import side of the trade balance are more than offset by gains on the export side of the trade balance. This has been one of the key elements of China’s growth strategy since the 1990s. Chinese policy makers systematically undervalue their currency to provide an artificial boost for their exports. Switzerland on the other hand is a chronic net importer of goods and services from the EU and thus does not have the offsetting EU exports in sufficient quantity to compensate for the damage the peg inflicts on its domestic purchasing power.

(Source Bloomberg)
Thus, the SNB “minimum exchange rate” policy impoverishes the domestic Swiss population by increasing the price of all EU imports purchased in Switzerland. This is perhaps the most egregious and certainly least publicized effect of the SNB action. Each time a Swiss resident purchases a good or service in Switzerland made in the EU, he or she is rendered poorer by the actions of his or her own national bank.
The problem of central bank overreach is certainly not isolated to Switzerland. Since the financial crisis 6 years ago, central banks around the world have interfered in and manipulated bond, foreign exchange, and equity markets on an unprecedented scale. These unelected institutions have actively redistributed wealth from one group to another and compete against one another to adjust the purchasing power of their national currency downwards relative to other nations without the knowledge of their populations. For over 3 years the SNB has been operating opaquely behind the scenes substituting another currency for its own, converted its citizen’s savings into EUR, and imposing a stealth tax on European imports without public consent.
A “YES” vote for the gold referendum is a first step towards redressing the imbalance that exists between the SNB and the people of Switzerland. A “YES” vote will begin a process to restore restraint, accountability, and transparency on an institution that took advantage of the removal of its previous gold holding constraint already once before to explode its balance sheet, reinvent itself as a hedge fund, and significantly expand into areas of policy far beyond its original remit. Central banks should be lenders of last resort and systemic regulators. In a direct democracy, decisions regarding taxation, membership in trade / political unions, and the autonomy of the national currency should be determined by popular vote not decreed or circumvented by central bank edict.
Switzerland, 22 November 2014

Bankers: White Collar Crime and the War on Gold


Today on The Janssen Report (#87): two important items to understand in this global economy are the war on gold and the continuation of crimes by bankers. Gold’s importance is still downplayed in the media, but anyone can see there is something huge going on. Nation after nation is repatriating their physical gold, many eastern countries are still loading up on gold and yet the market price of gold is stable at best. We know this market is rigged (look up: naked gold shorts) and there are more and more signs that the supply of the physical metal is weakening. AAn epic upward correction of the gold price must be coming at some point.
In an interview on RT.com Rolling Stone journalist Matt Taibbi talks about the JP Morgan Chase 9 billion dollar settlement that whistleblower Alayne Fleischmann helped secure and why he thinks banking criminals will never go to jail.
These are two very important issues in explaining how and why the erosion of lower and middle class wealth continues to take place.
Educate yourself, act and become self-reliant. Stay tuned to The Janssen Report!
Sources:
– France also calling for gold repatriation? http://www.zerohedge.com/news/2014-11…
– SNB Gold Vote according to SNB president: http://www.bloomberg.com/news/2014-11…
– Deutsche Bank’s Proposal to “purchase the gold held by private households”:http://www.zerohedge.com/news/2014-11…
– Matt Taibbi of Rolling Stone (RT.com) on why bankers will always stay out of jail:https://www.youtube.com/watch?v=bE8Gd…
– The Netherlands’ Secret Gold Repatriation: http://goldsilver.com/video/breaking-…
Please share this video!
* More info on www.thejanssenreport.net *
Cheers!
Marco Janssen
www.thejanssenreport.net

US household debt up $78 bln in Q3 to $11.7T Still 7.6% down from 2008 peak of $12.7T but creeping back up:

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US household debt up $78 bln in Q3 to $11.7 trln. Still 7.6% down from 2008 peak of $12.7 trln, but creeping back up:

Total Chinese Gold Reserves Approaching 16,000t

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Total Chinese Gold Reserves Approaching 16,000t https://www.bullionstar.com/blog/koos-jansen/total-chinese-gold-reserves-nearly-16000t/ 

LIQUIDITY DOES NOT CREATE SOLVENCY

by James Quinn
The actions of central bankers around the globe which have been driving stock prices higher are not a sign of control. They are signs of desperation. They are losing control. Their academic theories have failed. Their bosses insist they turn it up to eleven. Something is going to blow. You can feel it. John Hussman knows what will happen. Do you?
That said, it’s worth noting that the inclinations of central banks toward quantitative easing and interest rate suppression are increasingly taking on a tone of desperation in the face of accelerating economic weakness in Japan, Europe and China. While the stated objective is to increase inflation, low inflation isn’t really the economic problem – low growth, intolerable debt burdens, and misallocated capital are at the core of global challenges here. Unfortunately, QE only misallocates capital toward more speculation and low-quality debt (primarily junk and leveraged loan issuance), without much impact on real growth. China’s move was prompted in part by a surge in bad loans to the highest level in nearly a decade. The largest European banks now have gross-leverage ratios as high as 30-to-1 (during the credit crisis, one could order the sequence of defaults accurately using this metric, with Bear Stearns, Lehman, and Fannie Mae right at the top). But liquidity does not create solvency, and with credit spreads widening, the growing desperation of monetary authorities is more a negative signal than a positive one.
This is much like what we saw in 2007-2008: when concerns about default are rising, default-free, low-interest rate money is not considered to be an inferior asset, and as a result, its increased availability does not provoke risk-seeking behavior. If we observe narrowing credit spreads and stronger uniformity in market internals, we will be able to infer a shift toward risk-seeking (and in turn, a greater likelihood that monetary easing will provoke further speculation). That won’t make stocks any cheaper, and downside risk will still need to be managed, but our immediate concerns would be less dire. At present, current market conditions and the lessons of history encourage us to be aware that very untidy market outcomes could unfold in very short order.
The upshot is this. Quantitative easing only “works” to the extent that default-free, low interest liquidity is viewed as an inferior holding. When investor psychology shifts toward increasing risk aversion – which we can reasonably measure through the uniformity or dispersion of market internals, the variation of credit spreads between risky and safe debt, and investor sponsorship as reflected in price-volume behavior – default-free, low-interest liquidity is no longer considered inferior. It’s actually desirable, so creating more of the stuff is not supportive to stock prices. We observed exactly that during the 2000-2002 and 2007-2009 plunges, which took the S&P 500 down by half in each episode, even as the Fed was easing persistently and aggressively. A shift toward increasing internal dispersion and widening credit spreads leaves risky, overvalued, overbought, overbullish markets extremely vulnerable to air-pockets, free-falls, and crashes.

Oil slumps 4% as OPEC leaves output unchanged

http://rt.com/business/209507-opec-oil-production-cut/
OPEC Secretary-General Abdullah al-Badri arrives for a news conference after a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014. (Reuters/Heinz-Peter Bader)
A ‘unilateral decision’ was taken by OPEC not to cut production and to leave the daily output ceiling unchanged at 30 million barrels, despite a major oversupply that has caused oil prices to fall more than 30%.
“We are not sending any signal to anyone, we are just trying to have a fair price,” OPEC Secretary General Abdalla Salem El-Badri told reporters in Vienna on Thursday.
World oil demand is expected to increase in 2015, Salem El-Badri said.
"I've been in this business for a long time. When I was a minister, oil was $15 per barrel. So the current price can be called good," the Secretary said.
Brent Crude plunged on the news, falling more than $3 to below $75 per barrel after the Organization of the Petroleum Exporting Countries decided not to cut production.

Left-winger Matt Bruenig Claims Burning & Looting in Ferguson is Good for Society and Economy

Wanton destruction of people's stuff. Isn't it great? Gawker sure thinks so—and argues that there are undeniable benefits. But wait: Don't hurl your laptop or smart phone through your local convenience store's front window just yet! Let's examine this claim.
Matt Bruenig, a writer for Demos and Salon, penned the article, titled "Actually, Riots are Good: The Economic Case for Riots in Feguson." Contrary to what the headline suggests, Bruenig doesn't actually commit the broken window fallacy and argue, as some Keynesians do, that destruction is economically beneficial. One has to dig deep down into the article—past a deeply misleading claim that "rioting is economically efficient"—to get to the crux of the argument.
Bruenig thinks that under certain conditions, rioting is efficient because it punishes the police for their bad behavior. If police react to riots by killing fewer black teenagers, then the cost in lives saved (in real dollars) outweighs the property destruction. Bruenig explains:
Rioting that occurs in response to gross police misconduct and criminal system abuses imposes costs on doing those things. It signals to police authorities that they risk this sort of destructive mayhem if they continue on like this. All else equal, this should reduce the amount of police misconduct as criminal justice authorities take precautions to prevent the next Ferguson.
To be sure, burning down AutoZones is not an optimal way to impose costs on state authorities. It would be, as some interviewed Ferguson residents noted, far more effective to target police equipment or other property nearer to criminal justice authorities. But these targets are often difficult and risky to reach, unlike local business interests. Since state authorities are always and everywhere most concerned about capital and business interests, threatening to impose costs on them via rioting should have a similar impact on police incentives.
Read more: http://reason.com/blog/2014/11/26/lol-gawker-claims-ferguson-riots-good-fo
- See more at: http://xrepublic.tv/node/11339#sthash.rKcnnI1u.dpuf

Bell employees planted glowing online reviews of new Bell app

Company says 'overzealous' employees talked up product, but that's not company policy

By Sophia Harris, CBC News Posted: Nov 27, 2014 5:00 AM ET Last Updated: Nov 27, 2014 9:03 AM ET
Some Bell Canada employees posted positive reviews of one of the company's mobile apps online without disclosing their affiliations with the company, CBC News has learned.
Some Bell Canada employees posted positive reviews of one of the company's mobile apps online without disclosing their affiliations with the company, CBC News has learned. (Galit Rodan/Canadian Press) 

As soon as Bell Canada launched a new version of a phone app last week, the response online was electric; it quickly garnered glowing, five-star reviews on Apple's iTunes App Store.
CBC News has learned that some of those rave reviews were planted. Possibly half a dozen or more were written by Bell Canada employees – many in senior positions – none of whom disclosed their affiliation with the company.
The employee reviews were first uncovered by Scott Stratten, president of UnMarketing, a company that writes about unethical marketing tactics. Stratten is also a long-time Bell phone customer.

Suspicious excitement

He said he first noticed something was amiss when the latest version of the MyBell Mobile app was flooded with amazing reviews shortly after it was launched last week.
“All were overwhelmingly excited about this app that allowed you to pay your bill, check your usage, not something I thought would excite people at all,” Stratten said.
He also thought some of words used were suspicious. For example, S Saade wrote: "Excellent new app. Looking forward to updates with residential services."
"Just words that you do not say in real life," Stratten said.

He began cross-checking reviewers’ user names with LinkedIn profiles where people list their work status. What he discovered intrigued him.
For example, on Nov. 17, reviewer Tori Brown wrote: “Awesome app! Love it!”
Stratten found a Tori Brown on LinkedIn who says she’s a senior project manager at Bell.
The same day, someone named Mike McEnery, also added his ecstatic review about the Bell app: "Works great … makes it so easy now to check my profile and pay my bill … Nice clean design and very user friendly!"
Turns out there’s a Michael McEnery on LinkedIn who works as an associate director at Bell.
Shel Ender wrote about the app: "Nice upgrade, easy to use. Was able to manage my bills with no problems."
Another reviewer, with the user name, Shelender68, posted: "All round great app! Very fast and responsive."
CBC News also discovered that Shelender68 wrote the exact same review on the very same day for a new Virgin Mobile app. Virgin is a division of Bell Mobility.
Stratten found a Shelender Awasthi on LinkedIn. His profile states he’s an operational effectiveness manager with Bell.
And that S Saade who wrote about residential services? On LinkedIn, Saad Saade says he’s vice-president of IT Bell Mobility.
"It's just a bunch of malarkey. It would be like me going on Amazon and reviewing [my] new book,” Stratten said.
'It's just a bunch of malarkey.'- Scott Stratten, UnMarketing
He adds that the online peer-reviewed concept is based on trust. "You've got to trust the reviews that they're impartial, that they're from other users and that they're true. And that's exactly why something like this shouldn't happen."

Bell fesses up

Bell Canada agrees it shouldn’t happen. In an email to CBC, Paolo Pasquini, Bell's director of communications wrote: "The postings were the result of an overzealous effort on the part of our service team to highlight the app. It’s certainly not Bell’s practice to encourage employees to rate our products, and we’re sending a clear message out to the team to that effect."
Even after admitting wrongdoing, the reviews that Stratten called into question were still prominently featured on the iTunes site, available for any unsuspecting consumer to read.
Bell would not directly confirm if all the people Stratten linked to Bell are indeed the employees who posted positive reviews, but its comments to CBC imply as much. CBC News also reached out to the employees on LinkedIn but, at the time of publication, had not received any responses.
CBC News asked Bell if any staff members had ever before written positive reviews about a company product online without disclosing their affiliation. The company did not respond.
"It really speaks, I think, to Bell's lack of respect for their own customers that they would do something like this," said David Christopher, who is with the internet watchdog group OpenMedia.

Apology needed?

Christopher said the company needs to make amends for staff planting reviews and trying to boost the status of a Bell product in the app store.
"It's independent app developers who put a lot time and effort into their work who are losing out as a result. So they owe an apology to those app developers and they owe an apology to their own customers," Christopher said.
Stratten said Bell employees didn’t need to stack the site with enthusiastic reviews because the app is a good product: "I actually like it," he admits, adding that he finds it useful. But, he says, that doesn’t absolve the fact that staff duped customers: "It just erodes some brand trust."

Thursday, November 27, 2014

It Really Isn’t Hard To Connect The Dots And See The Real Economy In The Real World, Outside Wall Street, Is A Disaster And Getting Worse By The Hour.

by James Quinn
It really isn’t hard to connect the dots and see the real economy in the real world, outside Wall Street, is a disaster and getting worse by the hour. Below are a bunch of dots that have been issued in the last 24 hours. Here are the facts.
Real disposable income has risen at a 1.8% annual rate over the last four months. Meanwhile, real consumer spending has increased at a 2.4% annual rate over the last four months. I thought all those jobs Obama talks about should result in wages. Why is disposable personal income so pitiful if the unemployment rate is really 5.9%? And of course, these figures are based upon a fake inflation rate of less than 2%. We all know it is 5% or higher.

If things are going so well, why are unemployment claims surging to the highest level in 3 months? Shouldn’t the wonderful holiday season be resulting in massive retail hiring to service all the well off citizens buying more shit they don’t need, with money they don’t have? Consumer debt outstanding will surely hit a new high in December.


Maybe the lack of disposable income is because the number of people receiving free shit for not working is now at a 14 year low. As we know, government transfers of our money to people not working counts as personal income in the warped minds of government bureaucrats. It looks like the free rides are getting shorter.

With the stock market hitting new highs every day, the millionaire pundits on the corporate mainstream media are ecstatic as the wealth of billionaires and bankers skyrockets. If it is good for Wall Street it must be good for Main Street. Right? Not according to Gallup. It seems the Americans living in the real world ain’t so ecstatic. They plan to barely spend more on Christmas than last year, and 6% LESS than they spent in 2011 and 2012. How about 17% less than they spent in 2007? How about 16% less than they spent in 1999? Does this jive with an economic recovery and a stock market at all-time highs?

Back in the real world of businesses, it seems things aren’t so good. Zero Hedge pithily describes the situation:
The Durable Goods ex-transports number dropped by a whopping -0.9%, far below the 0.5% increase expected, and the biggest drop since the December -1.8% tumble which was blamed on the Polar Vortex. It is unclear what the October tumble will be blamed on: the Ebola scare? The Bullard Bottom?

If the high level numbers weren’t enough proof, how about an iconic American manufacturer? Their sales and profits are falling. They expect sales for the current quarter to PLUNGE by 21%. That only happens in recessions. I thought the agricultural economy was booming. Maybe not.

Deere’s stock slips after downbeat outlook for equipment sales

By Tomi Kilgore
Published: Nov 26, 2014 7:18 a.m. ET
NEW YORK (MarketWatch) — Deere & Co.’s stock DE, +0.31% fell 3.4% in premarket trade Wednesday, after the farm equipment maker beat fiscal fourth-quarter profit and sales forecasts, but provided a downbeat outlook for equipment sales. For the quarter ended Oct. 31, the company reported earnings of $649.2 million, or $1.83 a share, down from $806.8 million, or $2.11 a share, in the year-earlier period, but above the FactSet consensus analyst estimate of $1.57. Revenue fell 5% to $8.97 billion, as equipment sales fell 7%, but topped analyst forecasts of $7.73 billion. For the current quarter, Deere expects equipment sales to fall 21%, on expectations of a continued pullback in the agricultural sector. “The slowdown has been most pronounced in the sale of large farm machinery, including many of our most profitable models.” The stock has lost 3.9% so far this year through Tuesday, compared with a 12% gain in the S&P 500.

The government laughingly told the sheep that GDP in the 3rd quarter had soared. A critical thinking person might wonder how that could be. We know from the data presented above that the consumer has not been spending, because they don’t have anything to spend. As detailed below, corporate profits crashed in the 3rd quarter. We’ve got corporate profits growing at 2.1% when the PE ratio of the S&P 500 is 20.  Based on every valuation method ever used, the stock market is now overvalued by at least 50%.

Growth in corporate profits slows sharply in third quarter

By Jeffry Bartash
Published: Nov 25, 2014 8:31 a.m. ET
WASHINGTON (MarketWatch) – Growth in adjusted corporate profits slowed sharply in the third quarter, new government figures show. Adjusted pretax profits increased by $43.8 billion, or a 2.1% annual rate. That’s down from $164.1 billion, or an 8.4% increase, in the second quarter, the Commerce Department said Tuesday. Profit figures are adjusted for depreciation and the value of inventories.

So despite these factual data points, the MSM and Wall Street will party on with the belief that Grandma Yellen and the rest of the corrupt central bankers around the globe will devalue the world to prosperity. Or at least provide prosperity to the .1% that control them.

Not just gold and silver… New lawsuit says precious metals manipulation is even worse

From Bloomberg: 
Goldman Sachs Group Inc. (GS) and HSBC Holdings Plc (HSBA) were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the U.S.
Standard Bank Group Ltd. and a metals unit of BASF SE (BAS), the world’s largest chemical company, were also sued. The four companies used inside information about client purchases and sale orders to profit from price movements for the metals used in products ranging from jewelry to cars, according to a complaint filed yesterday in Manhattan federal court.
The lawsuit by Modern Settings LLC, a jeweler that buys precious metals and derivatives set on their prices, claims the companies “were privy to and shared confidential, non-public information about client purchase and sale orders that allowed them to glean information about the direction” of prices.
Similar lawsuits have been filed this year in Manhattan accusing banks of rigging the benchmark price for gold. Authorities around the world are examining the gold market for signs of wrongdoing.
Regulators tightened scrutiny of benchmarks after uncovering price-rigging in interbank-loan rates and currencies. Silver became the first precious metal to change its traditional procedure in August, and Intercontinental Exchange Inc. (ICE) will run the replacement for the 95-year-old London gold fixing. A new mechanism for platinum and palladium starts Dec. 1.
Read more:
http://thecrux.com/not-just-gold-and-silver-big-banks-now-being-sued-for-manipulating-platinum-and-palladium-too/
https://www.bloomberg.com/news/2014-11-25/hsbc-goldman-rigged-metals-prices-for-years-suit-says.html
Big Banks Busted Massively Manipulating Foreign Exchange, Precious Metals … And Every Other Market

Currency Markets Are Rigged

Currency markets are massively rigged. And see this and this.
Reuters notes today:
Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation.
HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.
In the latest scandal to hit the financial services industry, dealers shared confidential information about client orders and coordinated trades to make money from a foreign exchange benchmark used by asset managers and corporate treasurers to value their holdings. Dozens of traders have been fired or suspended.
***
Britain’s Financial Conduct Authority (FCA) fined five lenders $1.77 billion, the biggest penalty in the history of the City of London, and the U.S. Commodity Futures Trading Commission (CFTC) ordered them to pay a further $1.48 billion.
***
The U.S. Office of the Comptroller of the Currency, which regulates banks, also fined the U.S. lenders $950 million and was the only authority to penalise Bank of America.

Gold and Silver Are Manipulated

Today, Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals trading, particularly with silver.
Reuters reports:
Swiss regulator FINMA said on Wednesday that it found a “clear attempt” to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS …
Gold and silver prices have been “fixed” in daily conference calls by the powers-that-be.
Bloomberg reported last December:
It is the participating banks themselves that administer the gold and silver benchmarks.
So are prices being manipulated? Let’s take a look at the evidence. In his book “The Gold Cartel,” commodity analyst Dimitri Speck combines minute-by-minute data from most of 1993 through 2012 to show how gold prices move on an average day (see attached charts). He finds that the spot price of gold tends to drop sharply around the Londonevening fixing (10 a.m. New York time). A similar, if less pronounced, drop in price occurs around the London morning fixing. The same daily declines can be seen in silver prices from 1998 through 2012.
For both commodities there were, on average, no comparable price changes at any other time of the day. These patterns are consistent with manipulation in both markets.

Derivatives Are Manipulated

Runaway derivatives – especially credit default swaps (CDS) – were one of the main causes of the 2008 financial crisis. Congress never fixed the problem, and actually made it worse.
The big banks have long manipulated derivatives … a $1,200 Trillion Dollar market.
Indeed, many trillions of dollars of derivatives are being manipulated in the exact same same way that interest rates are fixed (see below) … through gamed self-reporting.
Reuters noted in September:
A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps.
***
“The complaint provides a chronology of behavior that would probably not result from chance, coincidence, independent responses to common stimuli, or mere interdependence,” [Judge] Cote said.
The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc , Credit Suisse Group AG, Deutsche Bank AG , Goldman Sachs Group Inc, HSBC Holdings Plc , JPMorgan Chase & Co, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG.
Other defendants are the International Swaps and Derivatives Association and Markit Ltd, which provides credit derivative pricing services.
***
U.S. and European regulators have probed potential anticompetitive activity in CDS. In July 2013, the European Commission accused many of the defendants of colluding to block new CDS exchanges from entering the market.
***
“The financial crisis hardly explains the alleged secret meetings and coordinated actions,” the judge wrote. “Nor does it explain why ISDA and Markit simultaneously reversed course.”
In other words, the big banks are continuing to fix prices for CDS in secret meetings … and have torpedoed the more open and transparent CDS exchanges that Congress mandated.

Interest Rates Are Manipulated

Bloomberg reported in January:
Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate.
RBS Securities Japan Ltd. in April pleaded guilty to wire frauda s part of a settlement of more than $600 million with U.S and U.K. regulators over Libor manipulation, according to court filings. U.S. District Judge Michael P. Shea in New Haventoday sentenced the Tokyo-based unit of RBS, Britain’s biggest publicly owned lender, to pay the agreed-upon fine, according to a Justice Department Justice Department.
Global investigations into banks’ attempts to manipulate the benchmarks for profit have led to fines and settlements for lenders including RBS, Barclays Plc, UBS AG and Rabobank Groep.
RBS was among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union last month for rigging interest rates linked to Libor. The combined fines for manipulating yen Libor and Euribor, the benchmark money-market rate for the euro, are the largest-ever EU cartel penalties.
Global fines for rate-rigging have reached $6 billion since June 2012 as authorities around the world probe whether traders worked together to fix Libor, meant to reflect the interest rate at which banks lend to each other, to benefit their own trading positions.
To put the Libor interest rate scandal in perspective:
  • Even though RBS and a handful of other banks have been fined for interest rate manipulation, Libor is still being manipulated. No wonder … the fines are pocket change – the cost of doing business – for the big banks

Energy Prices Manipulated

The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011.
Pulitzer prize-winning reporter David Cay Johnston noted in May that Wall Street is trying to launch Enron 2.0.

Oil Prices Are Manipulated

Oil prices are manipulated as well.

Commodities Are Manipulated

The big banks and government agencies have been conspiring to manipulate commodities prices for decades.
The big banks are taking over important aspects of the physical economy, including uranium mining, petroleum products, aluminum, ownership and operation of airports, toll roads, ports, and electricity.
And they are using these physical assets to massively manipulate commodities prices … scalping consumers of many billions of dollars each year. More from Matt Taibbi, FDL and Elizabeth Warren.

Everything Can Be Manipulated through High-Frequency Trading

Traders with high-tech computers can manipulate stocks, bonds, options, currencies and commodities. And see this.

Manipulating Numerous Markets In Myriad Ways

The big banks and other giants manipulate numerous markets in myriad ways, for example:
  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here,here, here, here, here, here, here and here
  • Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments

The Big Picture

The experts say that big banks will keep manipulating markets unless and until their executives are thrown in jail for fraud.
Why? Because the system is rigged to allow the big banks to commit continuous and massive fraud, and then to pay small fines as the “cost of doing business”. As Nobel prize winning economist Joseph Stiglitznoted years ago:
“The system is set so that even if you’re caught, the penalty is just a small number relative to what you walk home with.
The fine is just a cost of doing business. It’s like a parking fine. Sometimes you make a decision to park knowing that you might get a fine because going around the corner to the parking lot takes you too much time.”
Indeed, Reuters points out today:
Switzerland’s regulator FINMA ordered UBS, the country’s biggest bank, to pay 134 million francs ($139 million) after it found serious misconduct in both foreign exchange and precious metals trading. It also capped bonuses for dealers in both units at twice their basic salary for two years.
Capping bonuses at twice base salary?  That’s not a punishment … it’s an incentive.
Experts say that we have to prosecute fraud or else the economy won’t ever really stabilize.
But the government is doing the exact opposite. Indeed, the Justice Department has announced it will go easy on big banks, and always settles prosecutions for pennies on the dollar (a form of stealth bailout. It is also arguably one of the main causes of the double dip in housing. And there is no change in the air.)
Indeed, the government doesn’t even force the banks to admit any guilt as part of their settlements.  In fact:
The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.
Wall Street has manipulated virtually every other market as well – both in the financial sector and thereal economy – and broken virtually every law on the books.
And they will keep on doing so until the Department of Justice grows a pair.
The criminality and blatant manipulation will grow and spread and metastasize – taking over and killing off more and more of the economy – until Wall Street executives are finally thrown in jail.
It’s that simple …
http://www.washingtonsblog.com/2014/11/banks-big-busted-massively-manipulating-foreign-exchange-precious-metal-markets.html