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The Victory Report
The Victory Report

Madness

How Monetization Happens

How Monetization Happens: Being at the Helm When the Ship Goes Down by Lew Spellman, TheSpellmanReport.com: The consequences of excess debt are now facing the leaders of Europe head on, and a monumental decision must be made whether explicitly or implicitly. Excess debt leads to a long chain of D words: Deleveraging in an attempt to retire debt results in a depressed economy and decliningasset prices. ...

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Britain Will Join Euro Before Long

by Bruno Waterfield and Christopher Hope, Telegraph.co.uk: Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he “respects” Britain’s decision to keep the pound, but insisted that the survival and eventual stabilisation of the euro will convince non-members to join the currency club. ...

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Your Monies and Positions are Not Safe

by Simon Black, Sovereign Man: Denver based Barnhardt Capital Management is a futures brokerage firm that focuses on agriculture, round-the-clock broker access, and inexpensive commissions. At least, it used to be. Barnhardt shuttered its operations yesterday after six-years in the business. The firm’s founder Ann Barnhardt posted the reasons online for the entire world to see: “I could no longer tell ...

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ECB Resists Call to Fire Up Presses

from WealthCycles: Unlike the U.S. Federal Reserve and Fed Chair Ben Bernanke, the leaders of the European Central Bank have so far resisted the siren call to fire up its printing presses and flood Eurozone economies with paper. From its inception, the ECB has been led by conservative forces and strongly influenced by the regional power economy, Germany. Nevertheless, Eurozone politicos, ...

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A Hail Mary for the Markets

by Andrew Hoffman, MilesFranklin.com: As long-time readers know, I am fascinated by HUMAN NATURE. It takes a lifetime to get a basic understanding of how mankind thinks, but even years of observation can’t predict many of the decisions people make. Irrespective, I’ve done my best to interpret what I’ve observed, as such analysis have served as the most powerful tool in my decision-making process. Particularly ...

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Center Can’t Hold

by Bill Bonner, DailyReckoning.com: Italy seems to have gone too far. Its 10-year bonds yields are back over 7%. It is “the beginning of the end” say analysts. But the end of what? When the going is good people have little patience for questions. They are too busy, earning and spending, buying and selling, and getting where they are going. But ...

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U.S. Budget: Super Committee Deadlock

by Ellen Brown, GlobalResearch.ca: It is no great surprise that with only days to go, the congressional “super committee,” given the herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement. Why should six Republicans and six Democrats with diametrically opposed views agree in a few weeks, when Congress couldn’t shake hands on ...

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More Questions Emerge as the Debt Crisis Continues

by Bill Bonner, DailyReckoning.com: Europe falls apart. Dow down again — 134 points. Oil back below $100. We’re back in the USA after 5 months in Europe. What a delight it was to be Europe. It’s always a pleasure to watch something fall apart. How far apart the Old World will fall, we don’t know. But it looks as though big ...

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Gordon Chang: The Reasons For China’s Imminent Bust

by Adam, ChrisMartenson.com: The global dominant narrative about China is wrong, claims Gordon Chang. Don’t expect it to be the ‘pocketbook of last resort’ that will rescue world markets from their current malaise. And don’t expect its remarkable economic growth to continue. In fact, expect a “hard landing” for China – and soon. Forbes.com columnist and international lawyer Gordon Chang has ...

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Criminalizing OWS Protesters

by Steve Lendman: On November 14, the Northern California ACLU and National Lawyers Guild (NLG) sued the Oakland Police Department (OPD) in federal court for “egregious constitutional violations” against Occupy Oakland protesters. A temporary restraining order was sought to stop them. On November 14, hundreds of riot gear clad police forcefully evicted encamped Oscar Grant Plaza protesters at 5:00AM. At a ...

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A World on the Brink

by Rick Ackerman: [How much longer can Europe and the U.S. postpone the global financial system’s collapse? We doubt that the chicanery that has sustained it so far will see us into the New Year. In the essay below, Rick’s Picks contributor Erich Simon sees an epiphany coming that could reshape the face of modernity. RA] There is a beginning and end to everything, ...

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What Price The New Democracy? Goldman Sachs Conquers Europe

by Stephen Foley, Independent.co.uk: The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at ...

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Bank of England Announces More Currency Destruction

by Gary Gibson, Whiskey and Gun Powder: “The debasement of paper money continues…” That’s how our friend Detlev Schlichter signs off his weekly reports on his website, papermoneycollapse.com. It’s appropriate. Now more than ever. On Monday, we sent you Detlev’s latest on the continued debasement of the euro. We also reported on Bundesbank president Jens Weidmann’s opposition to further monetization of ...

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The Good News Is Consumer Spending Is Up; The Bad News Is…

by Mac Slavo, SHTFPlan.com: On the surface, the latest consumer spending figures suggest that it’s not all doom and gloom out there. In fact, if you take a drive down to your local mall or strip center chances are you’ll see the parking lots full and shoppers filling up their carts with as many useless slave labored imported goods as they ...

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This Crisis is the End Game, It’s a Bang Moment

from King World News: With stocks plunging on renewed fears of Europe being a systemic risk to the global banking system, today King World News interviewed internationally followed John Mauldin, President of Millennium Wave Securities. Mauldin spoke candidly with KWN about the crisis, “Well, we’re watching it come down to the eighth inning. The question has always been, can they run ...

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Spanish Italian Default In A Few Short Days

Willem Buiter: A Spanish Or Italian Default Could Happen In A Few Short Days from ZeroHedge: Citi’s Willem Buiter whose succinct analysis a few weeks ago sealed the coffin of the worthless EFSF, has just come out with another knock out punch this morning after telling Bloomberg TV what everyone else knows is true, but is terrified to say out loud: namely that, ...

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The Symbiotic Relationship of Feds and Insiders

by Bill Bonner, DailyReckoning.com: Yesterday when the markets closed the price of oil was only 66 cents shy of $100. What a come back. We expected oil, stocks and gold to sink down deep…and not come back for a long time. So far, we’re wrong a about that. People are still sending money to Wall Street to buy stocks and gold. ...

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Imminent Threat

by Simon Black, Sovereign Man: Longtime readers know that I don’t spend much time in the United States; I usually swing by for a month or so each year to visit friends and family, and the period in-between visits can often stretch 6-months or more. This is sufficiently long enough that I notice a lot of changes… some so drastic that ...

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What Inflation Means to You: Inside the Consumer Price Index

by Doug Short, FinancialSense.com: The Fed justified the previous round of quantitative easing “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed has been trying to increase inflation, operating at the macro level. But what does an increase in inflation mean ...

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