Breedlove’s Bellicosity: Berlin Alarmed by Aggressive NATO Stance on Ukraine

March 9, 2015 | Categories: Articles & Columns | Tags: |  Print This Article 

Gen. Breedlove or Dr. Strangelove?

General Breedlove is the real life counterpart to General Jack D. Ripper in the 1964 film, Dr. Strangelove.  He can’t wait to start a nuclear war. Americans should be scared to death that a crazed warmonger such as General Breedlove is the commander of NATO and is trying to defeat Europe’s efforts to resolve peacefully the conflict that Washington started in Ukraine.  The crazed general is betting that if he can derail the Minsk agreement, Obama can be forced to send arms and US military personnel to Ukraine, thus advancing the situation toward war. Neoconservative Victoria Nuland is doing all she can to help Breedlove sabotage a peaceful resolution.

In the article below, the German magazine Spiegel expresses the German government’s concern that the US military/neoconservative alliance is undermining a peaceful resolution of the Ukrainian conflict.

Breedlove’s Bellicosity: Berlin Alarmed by Aggressive NATO Stance on Ukraine

By SPIEGEL Staff

AP

I’m going to go out on my charlatan limb and revue how utterly insane the paper vs. precious metal markets have become. Anybody clamoring about gold being grossly overvalued right now should consider these FACTS:

* The gold/Dow ratio is currently 15.30–1. As we know it has been as low as 1–1, and even more recently as low as 6–1. At 6–1 gold would be $3,000, and at a 1–1 ratio gold would be $18,000.

* The silver/gold ratio is currently 74-1. Historic ratios show 16-1 is closer to a fair ratio when mining costs are considered. At 16-1 silver should be $73.10. If gold were $3,000 silver would be $187.50. If gold were $18,000 silver would be $1,125 an ounce at its historic 16-1 ratio, very close to the current price of gold.

* The corn/Dow ratio is currently 4,639/1. Up to the 1980’s the ratio was closer to 500-1. One Dow unit will currently buy 4,639 bushels of corn, or approximately the entire yield for 27 acres.

* The lumber/Dow ratio is currently 63/1. Up to the 1980’s it had been between 10-1 and 4-1. One Dow unit will currently buy 63,000 board feet of SPF framing lumber, or 2 entire truckloads.

* The hog/Dow ratio is currently 27,692/1. A range of 5,000/1 to 12,000/1 has been the norm. One Dow unit will currently buy 27,692 pounds of pork, or 13.85 tons.

Never in history has so much worthless paper bought so much fruit of hard labor. Charles Ponzi himself would blush at the utter mania of derivative-based manipulation. I’ll leave it up to history, and not Traitor Dan to decide who the charlatans were. Suffice to say with gold at $1,170 an ounce the only “quacks” to be found are coming from ostriches so desperate to be heard.

EU’s Foreign Policy Chief, Federica Mogherini, stressed that the European has a realistic view of Russian events, but it “will never be trapped or forced or pushed or pulled into a confrontative [sic] attitude” towards Moscow.

Its so bad Gen Breedlove is making a fo0l of himself talking about sending troops to Ukraine .He has taken an OATH to Protect and Defend the Constitution .He should resign ..the Europeans dont want War  with Russia .

Oblabla ‘s chief foreign policy Brzezinski is an old fool ..still fighting WW2 and he thinks a “POLISH “Empire will emerge from the destruction of RUSSIA by the US ,,the MAN is PSYCHO.

He’s NUTS…Russia dosent want a WAR ..Why would they ? US Propaganda is so far out in LEFT field its absurd.  How left can these LEFTISTS get ?

They are to the LEFT of LENIN ,Trotsky,MAO  and even Hillary  ! Putting troops and missals right up to Russia’s border is setting the STAGE for a FALSE FLAG OPERATION …..with the US LEFTISTS behind it !     General Breedlove hasent got the decency to resign rather than get the US into a unnecessary WAR …..

The Germans don’t want it..nobody in Europe wants it….Europes Foreigh Policy Chief dosent want it !    What the Hell are we doing there !    Who asked us to go there!

Europe is setting plans for a “EUROPEAN MILITARY ” so they can tell the US ,   NATO and US POLICY to GET OUT  !  Europe has seen enough of what the FASCISTS can do  …just ask Germany and ITALY ….Everything has turned up side down since WW2 .!   I was around then I can verify ….Its the Banksters this time !

http://www.activistpost.com/2015/03/stop-chemtrail-spraying-petition-to.html

Only 2 minutes…please watch….very cute and a most important message!!

 I don’t think so.

Is this a joke??? Gary at Biiwii is one of the worst TA analysts that I have reviewed. Simply a know nothing non talented blob taking up internet space. We are in an Int. downtrend. While we arrived at the obvious this jerk went back to the last uptrend and found $gold with higher highs and higher lows. That is to be expected in an Int. uptrend and, of course, the reverse during Int. downtrends. So, Gary @ Biiwii deduces that these higher highs say …Buy gold now…even though that uptrend was long over by then. A complete idiot. No sense of timing, not a clue as to where we are now and where we were then. Put him in the trash can with Stewart Thomson, Ron Rosen etc.

To what end does such a system lead, in which asset prices are driven so high that the businesses themselves are not profitable in the real economy? It’s called a Ponzi or pyramid system, in which profits are made not from the real economy but from the greater fool, the greater fool in aggregate being the savers. Which brings me back to these companies that should be going out of business but are instead ramping up production to service their debt and stay in business long enough for the insiders to get the hell out and pass on the greater losses to the savers.

This ties in to my next and final trending meme, which is corporate buybacks. The buyback meme is a true sign that we’re in the final Ponzi phase of this system, in my opinion. Buybacks are a way for corporate shells to fall on the grenade while the insiders get out. They are also a way to juice stock prices that would otherwise be falling.

I’ll get into this more in the next section, but if we look at specifically who is profiting from the most recent outrageous buyback trend, it is not the oil companies. Some companies are really profiting from the outrageous buybacks. From the top-ten list of buybackers, Apple is at the top and its stock is up 40% YoY. Others in the top ten are Cisco Systems, up 35% YoY. Oracle, up 20%. Intel, up 53%. Microsoft, up 30%. Wells Fargo up 27%, Home Depot up 30% and Pfizer up 6%. Exxon Mobil is third on the list, and it’s down 7%, which I read as it would have fallen harder than that if not for the buybacks which were to slow the decline giving the insiders time to GTFO.

http://fofoa.blogspot.com

ANV not one of my larger holdings, but I’ve got some.  Just another of my death by… too many…cuts.

Anybody know anything about AXU’s descent?  RNO, I know you liked it at a buck; still like it now?

Truthinesslessness

Nothing is stable, nothing is straightforward, everything is fixed, and nothing is fixed. O nation of busboys and WalMart greeters, awake and sing!

Can an empire founder on sheer credulousness? After last Friday’s jobs report, I think so. For a culture that luxuriates in statistical analysis (and the false idea that if you measure enough things, you can control them), it is rather amazing that we absolutely don’t care whether the measurements are truthful or not. Hence, an economist (sic) such as Paul Krugman of The New York Times might ask himself how it is that Zero Interest Rate Policy only trickles down to places where hamburgers are sold. PK was at it again in his Monday column, yammering about “rapid job growth,” “partying like it was 1995.” Wise men like him are pounding this country down a rat hole faster than you can say Romulus Augustulus.

Apparently the US Bureau of Labor Statistics missed the job bloodbath in the oil industry, especially over in Frackville where the latest western phenomenon is the ghost man-camp (along with ghost pole dancing parlors). It’s a veritable hemorrhagic fever of job layoff announcements: 9,000 here, 7,000, there, thousands of thousands everywhere — Halliburton, Schlumberger, Baker Hughes — like an Ebola ward in the oil services sector. Not to mention the cliff-drop of capital expenditure, meaning even steeper job losses ahead, Casey Jones. But nobody notices, I guess because they’re out at Ruby Tuesdays eating things bigger than their heads. Are the portions getting smaller, or are their heads shrinking?

Finance is complicated, but not as complex as the wizards employed in it would have you believe. They would have you think it is an order of magnitude more abstruse and recondite than particle physics, when, in fact, it is often not much more than a Three Card Monte switcheroo. The whole ZIRP and QE game, for instance, can be boiled down to a basic wish to get something for nothing, that is, prosperity where nothing of value created. Now, that’s not so hard to understand, is it? Until the economics wardrobe team comes in and dresses it up in martingales and bumrolls of metaphysics and you end up in a contango of mystification.

More galling and worrisome, though, is the failure of anyone even remotely in authority to stand up and publically object to the tidal wave of lies washing over this dying polity, actually killing it softly with truthinesslessness. The code of anything goes and nothing matters is turning lethal and the more it is kept swaddled in lies, the more perverse, surprising, and destructive the damage will be. The more our leaders lie about misbehavior in banking — including especially the actions of the Federal Reserve — the worse will be the instability in currencies. The more central bankers intervene in price discovery mechanisms, the more unable to reflect reality all markets will become. The more that the US BLS lies about the employment picture in America, the worse will be the eventual wrath of citizens who can’t get paid enough to heat their houses and feed their children.

An economist (sic) named Richard Duncan last week proposed the interesting theory that Quantitative Easing can go on virtually forever in an endless chain of self-canceling debt. Government spends money it doesn’t have and cannot raise, issues bonds to “investors,” buys its own bonds and stashes them in a storage vault so deep that the sun will not shine on them until it becomes a blue dwarf — long after the cockroaches have taken charge of Earthly affairs. Duncan forgets one detail: consequences. The consequence of this behavior will not be eternal virtual prosperity, but rather a wrecked accounting system for the operations of civilized human life. We’ve stepped across the event horizon of that consequence, but we just don’t know it yet. My bet is that we start feeling the effects sooner rather than later and when it is finally felt, all the Kardashian videos in this universe and a trillion universes like it will not avail to distract us from the flow of our own blood.

Complimentary eLetter from Biiwii.com & NFTRH.com

Week in Review===

[GOLD must hold 1,167.30 (January low) to avoid very bearish potentials.]
In the last eLetter dated 2.27.15 we outlined an extremely over bullish situation in the US stock market, a relative bullish view of Europe vs. US and a bounce in the precious metals. The US stock market (and global stocks) may have begun a correction on Friday, but confirmation will be needed this week.

As for the precious metals, HUI began having problems early last week and we noted to subscribers in a pre-market update on Wednesday that GDX/HUI had made bearish signals as they sagged to and just below the 50 day moving averages.

On Friday we found out exactly what the problem was to be as the US employment data for February came in strong. This week NFTRH 333 looked closely at the ‘Jobs’ report and had some interesting findings. But it proved to be a right cross to the jaw of the already wobbling (and counter cyclical) gold sector. Here is a premium excerpt on the precious metals from NFTRH 333, bringing the volatile situation up to date:

Precious Metals

Let’s start with the seemingly ignominious stuff this week, given that short-term yields are rising nominally, rising in relation to long-term yields and those conditions are antagonistic to gold. Assuming the economy remains strong, the Fed dutifully hikes interest rates, and the economy and stock markets hold up, the bear market for gold would be likely to continue unabated.

So the question is, are those things going to happen as anticipated by a majority of participants? It could be, but I’ll ask you to think back to 2007. Who had it right and who had it utterly wrong? The fringe comprised of lunatics including your letter writer had it right in the big picture view, that the inflation fueled boom was going to end in a bust. The majority had it flat out wrong.

I do not present a chart like the one on page 5 [edit: from an earlier segment in the report, but included at the end of this excerpt] because I want to be a bear, a doom & gloomer or a member of any fringe “community”. It sucks to be those guys these days. I do the chart because it is the chart and my interpretation of the chart is what it is [edit: ultimately bearish and downright dangerous considering the 6+ years of unabated policy stimulation]. If my interpretation of the chart were not so negative in the big picture I would not be interested in gold. Period.

That said, in the ‘pricing’ casino gold got blown up again on positive economic data just as it should have when strong economic signals come in against a deflationary backdrop (let’s put aside for now all those creeping cost increases that are seeping into the economy). The weakness we noted on Wednesday foretold Friday’s damage.

What was positive last week? Well, the gold rally ended with a thud; and that was the positive event. Had gold (and the miners) rallied during the goofy trade show known as PDAC, and had the Commitments of Traders data above turned in the other direction in sympathy as speculated upon in this post (Gold CoT Improving, but…http://nftrh.com/2015/02/28/gold-cot-improving-but/) it would have drawn out the bearishness because the CoT had not finished its improvement trend.

After Friday’s $30 drop on good volumes, it is not difficult to imagine that the CoT is now approaching a favorable zone. Remember, the short-term bear phase will not end until CoT completes its trend of moving in a positive direction. So a resumed rally last week would have actually been unwelcome from this standpoint.

But we have been noting that gold (per the Stockcharts.com ‘spot’ chart) must hold 1,167.30 (January low) to avoid very bearish potentials. On Friday spot swung as low as 1,162.90 and closed the week at 1,168.20. Talk about pushing the limits.

Silver’s key January low was 15.51 and on Friday it swung to 15.74 before closing at 15.93. As a side note, Silver’s CoT continued on its improvement trend, much like gold.

HUI is doing the worst case scenario (within a still intact bottoming potential), where it will need to make a higher low to December. The shaded area is where the index resided when we reviewed the warning signs in pre-market on Wednesday using GDX.

We have noted that HUI can drop to the 160’s and even the 150’s while still keeping a rally or bear market bottom scenario alive, arduous though it may be. If this grinding process proves to have been an important bottom one day the resulting bull market would be a hum dinger because it will have sprung from nerves tattered for years on end.

Of course the other scenario is that the US economy holds up just fine for an indefinite period (as the economy ‘services’ itself), European QE begins to manifest in persistent economic strength (it is already showing signs as we have noted), gold goes to Martin Armstrong’s level somewhere in the 600’s and the miners, right out of business in many cases. I’ll take ‘Economic Contraction’ for a million, Alex?

Because nothing at all has changed. Time will not go as we may wish. It will go as it goes. But the thesis continues to be that a [economic] contraction scenario was put into gear when the US dollar began to rise last summer. Sure enough, some creeping signs of US deceleration are appearing. Now, can the Fed continue to baffle us with b/s forever or will we start to put 2+2 together if the economy weakens and come to a conclusion that there never were going to be any rate hikes? After all, if there weren’t any after 6+ years and 2 solid years into an expansion, when the hell will they be?

The point is that gold needs short-term interest rates to stop rising (and the bond market to stop taking the Fed seriously and by extension, confidence to start to wane) and more to the point it needs short-term rates to stop rising in relation to long-term rates. Further, gold needs to firm and turn up vs. the stock market.

These are the holdout fundamentals we have been strictly working to in calling the entirety of the fundamental backdrop “not yet baked”. I am not desperate to get exposed to the sector because of a long-term gold holding that is not for trading. What I am is patient in waiting for opportunities to speculate, both short and long-term.

<end NFTRH 333 excerpt>

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About & ToS

Deer79 – ANV was one of my largest holdings too, but I’m so smart I sold it and bought MUX.

Maddog – I guess. All the Chinese buying sure doesn’t seem to have much effect on our paper markets.

Sorry, I put the kiss of death on the Eagle. Wow, huge spreads today.

I was also thinking my Crocodile was swimming relatively well and that got jinxed too.

Hey BG, anymore room in your Cave of Misery?

C’mon levitating market….maybe a special plan is in place.

Eagle Hill had a 10 for 1 reverse split a while back … so that makes their share price look heftier. I haven’t heard any news of them for a while. At least they’re still in business … for now.

I learned the hard way with American Bozo,  sorry.

How these letter writers stay in business longer than the miners is beyond me.

Maybe ipso can share some good news with Eagle Hill…seems to be doing rather well earlier today.

Why is Au not < 1K ???

I believe the Chinese plus all the others buying is too big to take out, so what you have is longs who don't sell, can't be shaken out. That leaves the selling to the Scum short raids, plus the Hedge Fund shorts etc.

It ain't a normal mkt anymore.

Plus i don't think they will buy any Miners, as far as they are concerned they have it all under control. They think nothing will happen to them, as they make the rules…..but the strong dollar/strong economy story is getting stupid here.

But look here we go again….Dollar goes bid as the SM levitates. It’s all they know !!!!!

ANV is another one of my largest holdings………….

Lol People just piling in on dollar right now. You know if they do have some sort of currency reset or whatever I’m sure they want people in currency not PMs. Maybe that’s the deal who knows.

Last week four workers at Goldcorp’s (TSE:G) Los Filos mine in Mexico were reported missing in what authorities now believe could have been a kidnapping.

Los Filos is located in the violent southern state of Guerrero, Mexico’s fifth biggest gold producing region. The Los Filos operation consists of two open-pit mines and one underground mine in production since 2007. Los Filos produced 258,700 ounces in 2014 and production of between 265,000 and 290,00 ounces is expected in 2015.

more http://www.mining.com/goldcorp-disappearances-raise-mexican-mining-safety-fears-68177/

What’s odd to me is that gold isn’t already below $1k given the strength of the USD. What is it now highest level in 14 years or something?

No doubt the plan seems to be to wipe out as many miners as possible to pick them up for pennies on the dollar.

Willie keeps predicting this is the last hurrah before an epic fail, I’m not so sure, we’ll see.

“They’ve” got a real problem with the Dollar, it is killing your export business and it is a massively crowded trade….the whole world is long dollars.

To keep the mirage up the Dollar has to stay strong, but now all of a sudden the SM is worried by it…..”they” may well have screwed themselves, because of their greed….had they let the dollar rally 0.2, 0.3 % regularly they could have kept the game going much longer, but no they let it go at over 1 % a day.

Now it is a very real problem, the mkts could go ape trying to unwind it.

I love the Kitty History!!!