Wednesday, January 1, 2014

Economic Forecast for US Economy for 2014 and Beyond


My crystal ball continues to be very foggy these days, and I would be lying to you if I told you that I understand how the new economic system adopted by the United States in 2008 works.

It is very hard to make any intelligent predictions when today we have a new economic system adopted here in the United States based on all kinds of stock market manipulations, commodity prices manipulations, and massive U.S. Government market intervention and nationalization of major sectors of the US economy.

And we have a U.S. government acting as if it’s in complete PANIC, because the entire US economic system is spinning completely out of control in a downward spiral, and as a result the US government is resorting to printing money as fast as they can in a major last effort to avoid a meltdown and the second leg of the “First Great Depression of the 21st Century.”

We had QE1, QE2, QE3, “QE-Europe”, and “QE-infinity” to keep Euroland and the U.S. financial and economic system afloat a little longer, and keep the entire system from imploding into a black hole.

I have been writing for many years that the “First Great Depression of the 21st Century” has been already underway for a few years. I mentioned on my articles, and on my postings on the Elite Trader forums. Here are a few links to the various threads:

It’s 2008. The U.S. Has Dragged the World into a Depression


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The mainstream media can't give to the American public and the world for that matter, the real picture of an imploding economic and financial system, because that would cause immediate PANIC, instead of the slow death that is going on...

The reality is we are getting into the second leg of a great depression, and this is the area where things get really bad, and when things are imploding into a black hole.

The only thing that is holding the US economic and financial system from having an implosion like the Soviet Union, or like Argentina about 10 years ago - it's the fact that the US dollar has that special status of being the main reserve currency, and a safe haven in time of global financial turmoil.

But that special status is fading very fast, and is also dying faster than most people realized.

I don't know why people don't understand that great depressions is part of the global economic system based on fiat currency, and that at one point the system breaks down and everything goes to hell.

That's the part of the global business cycle that we have been entering and are going through, and that final implosion process could last many years; as we go thru the adjustment process of all the accumulated problems built into the economic and financial process over the decades.

You don't need to be a rocket scientist to figure this one out, all you need is some common sense....

You can have a better understanding of what I am saying if you read what I wrote on the ET forum, in the enclosed web link, a few years ago. On that thread I gave the reasons in detail why we go through that adjustment process in a nutshell.

My screen name in that forum is: SouthAmerica

If you read the information that I posted on that thread you will understand what is baked into the US economic and financial system, and the global economic system in general.

Over 75 years ago Wall Street Crashed; but today the New Crash is already underway...
http://www.elitetrader.com/vb/showthread.php?s=cc6234391ec8c56dfd5aabd9de015116&postid=2883763


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The coming international trade and “Currency Wars”...


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The final collapse of the US dollar it is just around the corner


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The US dollar and the biggest default in history


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The biggest “Ponzi scheme” of all time...

...According to the Bank for International Settlements latest data, the total outstanding notional amount was US$645 trillion (as of June 2012).

According to Bank of International Settlements (BIS), the total outstanding OTC derivatives the total outstanding notional amount was $708 trillion (that was about 11 time the global GDP) as of June 2011 and the top 5 banks in the US accounted for a massively disproportionate amount of it which is 96% of the $250 trillion in total outstanding U.S. derivative exposure according to Office Of the Currency Comptroller (OCC). Considering that the U.S. banking sector had only $16 trillion in total balance sheet assets, this was reckless to the extreme.

This unregulated market presents a massive financial risk as one institution's failure could potentially bring down or adversely affect a large number of biggest financial institutions because of counter-party risk. Thus it became clear that the reasons OTC derivatives promote systemic instability are fundamental.

...The total outstanding notional amount of US$708 trillion (as of June 2011). Of this total notional amount, 67% are interest rate contracts, 8% are credit default swaps (CDS), 9% are foreign exchange contracts, 2% are commodity contracts, 1% are equity contracts, and 12% are other. Because OTC derivatives are not traded on an exchange, there is no central counter-party. Therefore, they are subject to counter-party risk, like an ordinary contract, since each counter-party relies on the other to perform.


Note:

You can find the new numbers as of June 2013 at:
https://www.bis.org/publ/otc_hy1311.pdf


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In a Nutshell: The global banking system still is at the edge of the abyss, and we would have a massive global financial meltdown, if they were not trying to play games with the figures, and if they were not trying very hard to hide their massive losses the best way they can.

What this US$ 645 trillion dollars figure is telling me is that most of the derivatives is nothing more than a humongous “Ponzi Scheme” that can blow up at any time, and start a massive chain reaction that can destroy the entire global financial system – it will be remembered as: the mother of all financial meltdowns.

During the great depression of the 1930's we had the stock market collapse of 1929, then in the following 3 years the stock market bounced back, then in 1932 started the real nasty decline that sunk the stock market and the US economy into the bottom of the abyss.

Today, we already have reached that special 1932 turning point: the point where the stock market and the US economy it will sink like the Titanic.

We have reached a major turning point regarding the global economy; we can see that we already reached the second leg of the first Great Depression of the 21st century – this is where the shit really hits the fan.

What is in the horizon is not a military confrontation between China and the United States – it is how these countries are going to handle what is left of their financial and economic system after the coming massive meltdown in the global financial markets and economic system.

The mother of all financial meltdowns.....

What I am saying is: it does not matter that the Barack Obama administration does at this point, because we are entering the catastrophic phase of the new great depression similar to the period from 1932 to 1940.

I don't know what kind of time the “QE-Europe”, and “QE-infinity” programs from US and European central bank can buy to keep the U.S. financial and economic system afloat a little longer, and keep the entire system from imploding into a black hole?

We are going to have real rough years ahead of us. It's not going to be a pretty sight.

You can bet on that!!!!!!!

By the way, this new great depression that is underway, it will be a lot worse than the great depression of the 1930's for large parts of the population.

You might be wondering why the US mainstream media has not been using the term “Great Depression” to described what has been going on in the economy of many countries all over Europe, and in the United States?

Only few years in the future they will look back to this period that we are going through, and then they will start calling this period by its real name the “First Great Depression of the 21st Century.”

My guess is that in 2014 – 2016 period we will have another massive global financial meltdown worse than the one we had in 2008.

We never had before so much government interference and manipulation on the financial markets in the way that we have today, the large financial institutions also manipulate all kinds of markets, and it is hard to predict what would create the spark that would blow up the entire global financial system – but that could happen at any time.

My best guess is that: the $ 700 trillion derivatives market will provide the spark for the massive economic and financial global meltdown – the mother of all implosions....



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Regarding Brazil and the Brazilian Economy in 2014:

President Dilma Rousseff should keep Guido Mantega as the Finance Minister in Brazil.

Guido Mantega has been guiding the Brazilian economy the best way he can considering the massive mess that we have in Euroland, and also in the United States that affects the Brazilian economy.


The
“Currency Wars” is going to move to a new level in 2014 as the European Central Bank, the U.S. Federal Reserve, the Central Bank of China, the Japanese Central Bank, and the Bank of England will continue their race to the bottom.

Finance Minister Guido Mantega, and the Brazilian Central Bank should keep adjusting the interest rates in Brazil accordingly to the “Currency Wars”, and as the markets deteriorate in Europe and in the United States, they should continue to reduce the interest rates in Brazil (Selic rate) to a level that help Brazilian businesses to create jobs in Brazil.

Many people asked me if the year 2014 will be a rough year for the Brazilian economy as it continues to adjust the internal market to achieve a sound economic and financial system for the long term.

I remind my friends that even though 2014 it will be a very tough year for the Brazilian economy – they should look at from the correct perspective: when compared with the massive mess in Euroland, and the US economy, and the adjustments in the Asian economies – the Brazilian economy it will do better than these other competitors in the long run.

There's an important adjustment that Finance Minister Guido Mantega still need to implement in Brazil to raise income for the Brazilian government, and also to bring a better foundation to the stock market in Brazil: Finance Minister Guido Mantega need to create and adopt a financial transactions tax (FTT) to kill high frequency trading (HFT) in Brazil, and the distortion, the market instability, and the pillage of assets that (HFT) brings to the stock market.

The Brazilian government also should continue replacing its US dollar foreign currency reserves with Gold – even if gold price decline a little further, the risk in the decline side is very small compared with the tremendous opportunities in the up side price potential.


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I posted the following on Facebook on November 23, 2013

The Perfect Storm

There are many reasons why the US economy is going nowhere fast, and has a very anemic job market:

1) Major US corporations have been exporting US jobs for many years to countries around the world.

When these jobs are exported from the US there are long term consequences: they are also exporting besides the jobs, a portion of US GDP on an exponential basis, and federal, state, and local taxes. And also the research and development and the new technologies attached to these industries that have been exported to other countries.

2) Besides the millions of jobs that were exported to other countries from the US labor market, we had massive layoffs in the auto and airline industry in the US since the year 2000. These businesses are not there anymore to rehire Americans who don't have a job.

The auto industry did not lose only the jobs related to the closing of car manufacturing plants and car dealerships around the country – when they closed these businesses that also had a domino effect in many businesses that depended on these businesses for their survival – as a result many people involved with these industries also went out of business.

3) Millions of jobs are being replaced by technology, and these jobs have been eliminated forever.

4) I have been watching the talking heads and the politicians say over and over again that jobs can be created in the US if they reduce or eliminate this type of tax or this type of business regulation, and US corporations would bring to America the US$ 2 trillion dollars that they are holding outside the US.

As Gerald Celente always say on his show: “That's Bullshit”.

It has nothing to do with taxes or US government regulation, the US economy is running at about 80 percent capacity, it has interest rates at very low historic rates, a flood of money available to be invested, and a massive amount of qualified people with all kinds of degrees who can't find a job.

The United States and Europe have mature economies, and the real action in the next 20 years is going to be outside Europe and the United States.

There's no reason to bring the money back to the United States; with a very mature economy, a fast growing ageing population, a banking system based on the “Ponzi scheme” model, an economic system that the best ideas that is capable to create are empty shells such as Zynga, Groupon, Facebook, Twitter and so on....and also the latest “Ponzi scheme” called Bitcoin.

The US economy has trillions of US dollars sitting on the sidelines waiting to be invested. The real unemployment rate in the US economy is in the range of 18 to 23 percent or even higher, and more than 50 percent of these unemployed people has at least a college degree – the American capitalists don't have a clue how to invest this ton of money and use all this wasted human capital to create anything of value other than the make believe companies such as Zynga, Facebook, and Bitcoin or to create new layers of fraud on its “Ponzi schemes” in Wall Street. (Anyway, these companies don't create very large number of jobs, and a large portion of the jobs that they manage to create are located in many countries around the world)

For all practical purposes the US economy is finished regarding the 21
st century, its imploding economy is becoming marginal and not as important in the new world of the 21st century as it had been in the last 70 years. The US economy is in a race to the bottom, and the US economy has not collapsed as yet just like the Soviet Union, because the US dollar has a special status as the main world reserve currency – a status that has reached the end of the line, and is in the process of being replaced with a new international monetary system compatible with the world of the 21st century.

In a nutshell:

The major companies are not bringing the money back to the United States, because in the next 20 years the real global economic action will in in countries such as the BRICS, and the US economy represents the world of yesterday, and not the world of tomorrow.

What counts is that the Brics will be responsible for 50 percent of global GDP growth in the next 8 years. And today the BRICS have an estimated US$4 trillion in combined foreign currency reserves.

Brazil is 100 percent energy self-sufficient, and if the entire Middle East goes up in flames - that would not affect the Brazilian economy as much as the Middle East event would affect the economy of other countries around the world.

Brazil has all the resources that it needs for economic development, as a matter of fact Brazil is rich in just about everything that you can imagine, there are only 2 other countries in the world that has all the resources that they need to be 100 percent self-sufficient such as Brazil - the 2 countries are: Canada and Russia.


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Brazzil Magazine - Monday, 01 August 2011

“The Time Is Now for Brazil to Build a Strong Military! Just Hire Laid-off NASA Scientists” - Written by Ricardo C. Amaral
http://www.brazzil.com/component/content/article/235-august-2011/10505-the-time-is-now-for-brazil-to-build-a-strong-military-just-hire-laid-off-nasa-scientists.html

Quoting from the above article:

World Population

2,011 AD...........7,000 million or 7.0 billion people (As of October 2011)
2,023 AD...........8,000 million or 8.0 billion people (Estimate)
2,034 AD...........9,000 million or 9.0 billion people (Estimate)

China and Russia are changing their population policies which will result in faster population growth in the coming years – we probably will reach 8 and 9 billion people living on our planet much faster than they had estimated over the last few years.

The Northern Hemisphere is the part of the Earth that lies north of the equator, and the Southern Hemisphere is the part of the Earth that lies south of the equator. Out of the 7 billion people who live on our planet today only 10 percent of the total population (about 700 million people) live in the Southern Hemisphere, and 90 percent of the global population live in the Northern Hemisphere (about 6.3 billion people).

And as the Earth population grows very quickly from 7 billion to 9 billion people by 2034, most of this population growth is going to happen in the Northern Hemisphere.

In the first part of the 21st century we will have a fierce competition among the major nations of the world when they reach around the globe in their efforts to acquire the scarce natural resources which are necessary to feed the constant economic growth of their economies.


The “perfect storm” is ahead of us which includes a continued population explosion from 7 billion to 9 billion people, a fierce fight to secure scarce natural resources around the world, a re-structuring of the global economic and financial system to reflect the new economic realities of the 21st century, and as part of this adjustment, it will include the usual economic and currency wars that are already underway.


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I read over the years all the books that Alvin Toffler, John Naisbitt, Gerald Celente, James Dale Davidson, and Jeremy Rifkin wrote, and I have been quoting these authors on many of my articles for a long time.

Yes, Alvin Toffler new that the new technologies including 3-D and 4-D printing would revolutionize and re-structure everything in sight.


About 3-D Printing


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Now regarding Alvin Toffler's book "Revolutionary Wealth", I found interesting what he said about “The Global Clash of Speeds” that is why I quoted it on my article.

Brazzil Magazine – April 23, 2010
Brazil and the New Economic Miracle. The US Has a Lot to Learn!
Written by Ricardo C. Amaral

...The Global Clash of Speeds

In December of 2006 I read a very interesting new book "Revolutionary Wealth" by Alvin Toffler. He said a lot of insightful things in his book and in chapter 3 "The Clash of Speeds" - he said the following: "The countries with the key economies in today's world - the United States, Japan, China, and the European Union - are all heading for a crisis that none wants, that few political leaders are ready for, and that will set limits on future economic advance. This looming crisis is a direct result of the "de-synchronization effect," an example of how we mindlessly deal with one of the deepest of all the deep fundamentals: Time.

Nations all over the world today are struggling at different rates of speed to build advanced economies. What most business, political and civil leaders have not yet clearly understood is a simple fact: An advanced economy needs an advanced society, for every economy is a product of the society in which it is embedded and is dependent on its key institutions.

If a country manages to speed up its economic advance but leaves its key institutions behind, it will eventually limit its potential to create wealth. Call it the Law of Congruence. Feudal institutions everywhere obstructed industrial advance. In the same way, today's industrial age bureaucracies are slowing the move toward a more advanced, knowledge-based system for creating wealth...In all these countries, key public institutions are out of step with the whirlwind of change that surrounds them."

Anyway, the book has 500 pages and one of the things that he mentioned in his book and I did not forget, is that the most extraordinary thing today is that we still can function at all here in the United States - he shows with many examples how everything is getting completely out of sync.

Not only here inside the US economy, but it is amazing that the US still is able to do business with countries from around the world when everybody is moving at different speeds.

By the way, one of the points that Alvin Toffler makes in his book is that the American legal system is completely out of sync with the reality of what is happening inside the United States, and around the world.

For years futurists such as Alvin Toffler and John Naisbitt have lectured the rest of us that the end of the industrial age also means the end of "mass production" and "mass labor." What they never mentioned is what "the masses" should do after they become redundant.


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December 2013

The “Currency Wars”

“They are not creating the 'New Asian Currency” as I suggested in many of my article in the last 8 years. And when I suggested in the last 8 years that Brazil should adopt the 'New Asian Currency' I always clarified the difference between adopting the 'New Asian Currency' and the Chinese currency - the Chinese yuan.

As I predicted about 12 years ago the world is moving fast now to a multiple currency system. And in the last year the “Currency Wars” is spreading like wildfire.

It's mind boggling how fast things are happening right now, for example, one year ago China's currency share of world trade was 1 percent, and a year later China's currency share of world trade has increased to 9 percent.

In contrast, one year ago the euro's currency share of world trade was 8 percent, and a year later the euro's currency share of world trade has decreased to 6 percent.

It's obvious that the Chinese currency the Yuan, is also taking market share from the US dollar in the last year.

The “Currency Wars” is moving faster and faster....Things are moving faster than most people realized....regarding the US dollar and its status as the main world reserve currency.


Now I have a better understanding why Jim Sinclair has been right about many of his predictions in the last 30 years...He is the ultimate insider among the small group of globalists that run the entire world economy.


Greg Hunter excellent interview with Jim Sinclair – October 29, 2013

Jim Sinclair: Gold Will be $50,000 per Ounce, Gold Confiscation, Dollar Gets Hammered and More

Time: 45 min.

According to Jim Sinclair of JSMineset.com, by 2016, "Gold will be $3,200 to $3,500 an ounce." By 2020, Sinclair predicts, "Emancipated gold will be $50,000 per ounce." As far as gold confiscation goes, Sinclair says that Its not going to happen, but a windfall tax could definitely be in the cards. Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.


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Annihilation of U.S. Dollar Coming-Jim Sinclair – October 30, 2013

Renowned gold expert Jim Sinclair says financial calamity is just around the corner for America. Sinclair contends, “We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.” For gold, everything hinges on the U.S. dollar, and Sinclair says, “I think the dollar gets hammered. I believe we are headed for hyperinflation.” One of the many black swans, according to Sinclair, is the possible abandonment of the U.S. dollar by Saudi Arabia. If Saudi Arabia stopped selling oil only in U.S. dollars, what would that do to the buying power of the buck? Sinclair says gasoline would be “$10 a gallon very soon, without a doubt.”

Sinclair predicts retirement funds and bank deposits are going to be taken by the government. How much of your money could you lose? Sinclair says, “In Cypress, it was a total of 83%. . . . Cypress is the blueprint, and it’s what we are going to experience here in the United States.”

Jim Sinclair, who has just accepted the position as Chairman of the Advisory Board for the establishment of the Singapore Gold Exchange, says, “The exchange will trade physical gold only and not future gold. . . . You have to make delivery.” Meaning, there will be no naked short selling or manipulation of this new market. Sinclair says, “This will emancipate gold from the paper price.” How high will gold go? Sinclair predicts, by 2016, “Gold will be $3,200 to $3,500 an ounce.” By 2020, Sinclair predicts, “Emancipated gold will be $50,000 per ounce.”


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Greg Hunter – December 24, 2013

Rob Kirby-When China Doesn't Get Their Gold-That's When This Ends

Rob Kirby of KirbyAnalytics.com claims the U.S. "arbitrarily set the price of all strategic goods in the market." As an example of control, Kirby explains, "We have 10-year U.S. bond rates under 3%, and I would say the United States is actually insolvent, and we have countries like Greece where 10-year bonds are yielding over 9%." When does this end? Kirby points to look to the finite physical gold market and massive Chinese global buying for a clue. Kirby says, "When China doesn't get their gold, that's when this ends, and that might be when we have a war." Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalyitics.com


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Yuan! Chinese currency overtakes euro in trade – December 4, 2013

The Chinese yuan has overtaken the euro to become the second most used currency in the global market place. Last year its share of world trade was just over 1 percent compared to the euro's almost 8 percent. The yuan has now reached almost 9, leaving the euro way behind. Keith Boyfield from the Centre for Policy Studies joins RT to discuss this issue.


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China Times – December 10, 2013

Ruble to be first foreign currency permitted for use in China


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US in economic collapse as China, Russia 'moving away from using dollar' – December 10, 2013

The United States is experiencing an “economic collapse” because major powers like China and Russia have decided not to use US dollar in trade, a political analyst says.

“The American economy is just beginning to collapse. China, Russia and many other countries are moving away from using the US dollar in trade,” Linh Dinh said in an interview with Press TV on Tuesday.

“So when the US dollar loses its status as reserve currency, life will get much harder here. But coming months will show how desperate this situation is, so the lies will be even more insulting to people who have to suffer daily in this situation,” he added.

The analyst criticized American news media for not telling the truth about the economic situation.

“The lying media put out news that the so-called recovery is picking up speed. The new lie is that the unemployment rate is down to 7 percent, but this is pure nonsense. In fact, only 47 percent of American adults have full time jobs, and 40 percent of US workers make less than $20,000 a year,” he said.

“Many people make so little, they must rely on food stamps to buy groceries. Many go to church pantries. I know a family of four, with two jobs, who must do this. The father, with a full time job, must also sell blood occasionally,” Linh Dinh explained.

He also compared Americans’ income with their monthly spending.

“Even as the big banks receive bailouts and make record profits, they pay their bank tellers only $12 an hour, before tax, and a minimum wage worker only makes a ridiculous $8 an hour. Some even less. Meanwhile, prices go up, especially for food, rent and gas, but the inflation figure is also a lie,” he said.

He noted that the US government “keeps on lying to deceive foreigners and the rich Americans who buy stocks. If there was a recovery, 47 million Americans wouldn’t be on food stamps, a record high, and 1.2 million American public school children wouldn’t be homeless.”

“There are tent cities in every state now. Within a hundred miles of where I am, there are several tent cities where people live in the freezing cold and defecate into a bucket. Does that sound like life in the so-called greatest country on earth?” he asked.

“Meanwhile, the richest Americans become even richer, and this is all thanks to a government that serves only the richest, while masking over their failures and betrayal of ordinary Americans by lying about it, daily,” he concluded.


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America Totally Discredited — Paul Craig Roberts – August 30, 2013


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Dr Paul Craig Roberts A Real Collapse in the Dollar – September 3, 2013

When it comes to war in Syria, economist Dr. Paul Craig Roberts says, "This time the big lie didn't work like it did in Iraq." On fallout of a possible Syrian war, Dr. Roberts worries, "If they start abandoning the dollar, the collapse of the exchange rate will bring down the whole house of cards in the United States. The Fed will lose control. The banks will fail. Prices will rise dramatically. People will essentially not be able to pay their bills. It will be an unbelievable mess." What would happen to gold with a Syrian war? Dr. Roberts says, "If you get a real collapse in the dollar, gold could be $30,000 an ounce. Who knows?" Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Dr Paul Craig Roberts.


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Gerald Celente - The Gary Null Show - December 27, 2013

Time: 50 min.

Annual End of Year special and Top Trends of 2014


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Gerald Celente's 2014 Predictions War, Financial Crisis and Gold Prices Going Up - December 29, 2013
https://www.youtube.com/watch?v=DADfTSS-GGo

Gerald Celente, Publisher of The Trends Journal, predicts, "Absent the war card, I think we will see a financial crisis before the end of the second quarter of 2014." Celente sums up what he sees in 2014 as "a year of extremes." Join Greg Hunter as he goes One-on-One with Gerald Celente, one of the world's top trend forecasters.


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Economist Richard Wolff interview has “hit the nail on the head.”

The Big Picture – December 31, 2013

The Defining Challenges Of Our Time

For tonight's special New Year's Eve show Thom looks back at 2013 and looks ahead to 2014 with interviews with Environmentalist Bill McKibben, Economist Richard Wolff, Media Critic Jeff Cohen and Teamsters' President James Hoffa. Happy New Year from Thom and everyone on The Big Picture staff!


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Japan's yakuza mobsters are becoming “Goldman Sachs with guns”

Keiser Report: Banker Bego-crats – December 5, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the need for powers to stop the aggressive banker bego-crats constantly shaking down those passing the City. They look at 'Goldman Sachs with guns' in Japan and the shakedown unit at RBS and their threatening messages demanding money from small businesses.


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France24.com

Headline news in Japan


Japan's yakuza mobsters are becoming “Goldman Sachs with guns” - experts say the yakuza is branching far outside their traditional business into everything from insider trading to funding business startups. “Insider trading has become huge...you can make much more money manipulating stocks” than extorting businesses, says Jake Adelstein, a crime writer whose bestselling memoir “Tokyo Vice” is set to become a Hollywood movie in 2014.


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From the only American journalist ever to have been admitted to the insular Tokyo Metropolitan Police press club: a unique, firsthand, revelatory look at Japanese culture from the underbelly up.

At nineteen, Jake Adelstein went to Japan in search of peace and tranquility. What he got was a life of crime . . . crime reporting, that is, at the prestigious Yomiuri Shinbun. For twelve years of eighty-hour workweeks, he covered the seedy side of Japan, where extortion, murder, human trafficking, and corruption are as familiar as ramen noodles and sake. But when his final scoop brought him face to face with Japan’s most infamous yakuza boss—and the threat of death for him and his family—Adelstein decided to step down . . . momentarily. Then, he fought back.

In Tokyo Vice, Adelstein tells the riveting, often humorous tale of his journey from an inexperienced cub reporter—who made rookie mistakes like getting into a martial-arts battle with a senior editor—to a daring, investigative journalist with a price on his head. With its vivid, visceral descriptions of crime in Japan and an exploration of the world of modern-day yakuza that even few Japanese ever see, Tokyo Vice is a fascination, and an education, from first to last – on this book he said: 'Japan's yakuza mobsters are becoming “Goldman Sachs with guns”...'


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Goldman Sachs Robbed You Of Five Billion Dollars regarding aluminum, and over $ 200 billion dollars regarding all commodities

"The U.S. Department of Justice has started a preliminary probe into the metals warehousing industry following complaints that storage firms owned by Wall Street banks and major traders have inflated prices, sources familiar with the matter said."

Wall Street can rob you indirectly too-- how are Goldman Sachs and other big banks artificially manipulating the aluminum market and other commodities to make consumers needlessly pay more for everyday items, netting them billions of excess dollars? Cenk Uygur breaks down the disturbing findings.


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Goldman Sachs is it a Cancer or just a Parasite of the US financial system?
http://goldmansachsthepillagepeople.blogspot.com/

Goldman Sachs is the most powerful Mafia family in the United States in every way, and more profitable than any of their peers:

1) Goldman Sachs the Pillage People
2) Lucchese
3) Bonanno
4) Gambino
5) Colombo
6) Genovese



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Copyright © 2014 All rights reserved.

Ricardo C. Amaral - Author and economist
He can be reached at:
brazilamaral@yahoo.com



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