Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-59926 Tue, 31 May 2016 21:43:12 GMT Dallas Fed Tumbles (Again) - 17th Consecutive Month Of Contraction http://implode-explode.com/viewnews/2016-05-31_DallasFedTumblesAgain17thConsecutiveMonthOfContraction.html iehi-feed-59925 Tue, 31 May 2016 21:39:30 GMT Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US http://implode-explode.com/viewnews/2016-05-31_AlanGreenspanWarnsThatVenezuelanStyleMartialLawWillSoonComeToThe.html iehi-feed-59921 Tue, 31 May 2016 16:14:00 GMT Personal Spending Spikes Most Since Aug 2009, Savings Rate Plunges, As Fuel Costs Surge http://implode-explode.com/viewnews/2016-05-31_PersonalSpendingSpikesMostSinceAug2009SavingsRatePlungesAsFuelCo.html iehi-feed-59917 Tue, 31 May 2016 13:24:09 GMT The Untold Story Behind Saudi Arabia's 41-Year U.S. Debt Secret http://implode-explode.com/viewnews/2016-05-31_TheUntoldStoryBehindSaudiArabias41YearUSDebtSecret.html With a handful of Treasury and Federal Reserve officials, the secret [of the amount of Saudia Arabia's official US Treasury holdings] was kept for more than four decades--until now. In response to a Freedom-of-Information-Act request submitted by Bloomberg News, the Treasury broke out Saudi Arabia's holdings for the first time this month after "concluding that it was consistent with transparency and the law to disclose the data," according to spokeswoman Whitney Smith. The $117 billion trove makes the kingdom one of America's largest foreign creditors.

Yet in many ways, the information has raised more questions than it has answered. A former Treasury official, who specialized in central bank reserves and asked not to be identified, says the official figure vastly understates Saudi Arabia's investments in U.S. government debt, which may be double or more.

The current tally represents just 20 percent of its $587 billion of foreign reserves, well below the two-thirds that central banks typically keep in dollar assets. Some analysts speculate the kingdom may be masking its U.S. debt holdings by accumulating Treasuries through offshore financial centers, which show up in the data of other countries.

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Treasury officials solved the dilemma [of Saudi Arabia appearing to support Israel by way of buying US debt] by letting the Saudis in through the back door. In the first of many special arrangements, the U.S. allowed Saudi Arabia to bypass the normal competitive bidding process for buying Treasuries by creating "add-ons." Those sales, which were excluded from the official auction totals, hid all traces of Saudi Arabia's presence in the U.S. government debt market.

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iehi-feed-59911 Mon, 30 May 2016 14:55:06 GMT We're Already In A Bear Market: Charles Gave http://implode-explode.com/viewnews/2016-05-30_WereAlreadyInABearMarketCharlesGave.html iehi-feed-59910 Mon, 30 May 2016 02:54:19 GMT Silver Photovoltaic Needs Through 2020 Will Drive Shortage And Price Shock http://implode-explode.com/viewnews/2016-05-29_SilverPhotovoltaicNeedsThrough2020WillDriveShortageAndPriceShock.html After 2020, increasing silver demand will mean increasing rationing of the metal, which can only be done by via extraordinarily high prices. Of the world's major countries, only China seems to get the message and to be preparing for this eventuality, with China's recent silver imports soaring to five-year highs. Meanwhile, U.S. imports have stagnated.

Barring a miracle, silver prices are going to the moon, leaving the U.S. in a very difficult position. It would not surprise us one bit if silver is confiscated much like gold was during the Depression. This means, as was the case with gold, the best investments are likely to be silver producers. Over the next decade almost all credible silver producers could see their prices multiply by anywhere from 10- to 100-fold.

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iehi-feed-59898 Sat, 28 May 2016 14:18:15 GMT Russian President Vladimir Putin Aims to Renew Ties During Visit to Greece http://implode-explode.com/viewnews/2016-05-28_RussianPresidentVladimirPutinAimstoRenewTiesDuringVisittoGreece.html Talks focused on trade and investment, in particular in energy and transport, and the Russian president openly expressed his country's interest in taking part in the potential privatization of Greek rail assets and the port of Thessaloniki, a major gateway into the Balkans.

Greece and Russia have flirted with the idea of Athens participating in a pipeline project that would bring Russian gas into Europe via Greece, though little progress was immediately expected.

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Greece has kept close relations with Moscow even after the EU imposed economic sanctions in the summer of 2014 in response to Russia's annexation of Ukraine's Crimea region and its support for separatists in eastern Ukraine. Russia has denied Western charges that it supplied and directed the rebels.

"Greece has repeatedly said that the vicious circle of sanctions is not productive," the Greek Prime Minister said, but added Greece will stick to the commitments it has as a member of the European Union.

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iehi-feed-59896 Sat, 28 May 2016 13:59:48 GMT The Next Systemic Lehman Event http://implode-explode.com/viewnews/2016-05-28_TheNextSystemicLehmanEvent.html iehi-feed-59880 Wed, 25 May 2016 23:35:59 GMT Precious Metals: Fake-Rally Ends, Hostage Markets Return http://implode-explode.com/viewnews/2016-05-25_PreciousMetalsFakeRallyEndsHostageMarketsReturn.html In the real world, the quantity of investment dollars going into silver is roughly parallel to the quantity of dollars going into gold. Had a similar ratio of investor dollars entered the bankers "paper bullion" markets the price of silver would have had to rise roughly 20 times faster/higher than the price of gold during this supposed rally.

The notion, in this "precious metals rally", that no one was buying silver is patently absurd. The price of silver during most of this fake-rally wasn't merely improbable, it was impossible.

... the Big Bank crime syndicate remains totally in control of what we call our "markets" (for lack of a better word). Currency prices remain fixed (rigged). Equity market prices remain fixed (rigged). Bond market prices remain fixed (rigged). Are we to believe that the banksters simply 'forgot' to continue their precious metals price-fixing -- even as the mainstream media was shouting the word "rally" at the top of its lungs?

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The current eight-year, bubble-and-crash cycle manufactured by the Big Banks is nearing its end. When this Next Crash is detonated, this crime syndicate obviously doesn't want precious metals to stand out as "safe havens" -- as all of their corrupt, paper assets are plunging in value. The problem: with gold and silver already at rock-bottom prices at the beginning of 2016, it would have been very difficult to crash those markets (along with everything else). Thus the banksters need to march gold and silver prices higher, to some modest level, before they were set up to be crashed along with all other asset classes.

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iehi-feed-59870 Tue, 24 May 2016 17:38:49 GMT Hillary Pimped Fracking http://implode-explode.com/viewnews/2016-05-24_HillaryPimpedFracking.html iehi-feed-59858 Mon, 23 May 2016 14:35:58 GMT Monaco's First Gold Refinery Set to Target Luxury Brands http://implode-explode.com/viewnews/2016-05-23_MonacosFirstGoldRefinerySettoTargetLuxuryBrands.html iehi-feed-59857 Mon, 23 May 2016 14:30:19 GMT PIMCO: Fed Should Buy Gold At $5000/oz To Jumpstart Inflation http://implode-explode.com/viewnews/2016-05-23_PIMCOFedShouldBuyGoldAt5000ozToJumpstartInflation.html iehi-feed-59855 Sun, 22 May 2016 21:21:08 GMT Petroyuan is Here; Will It Take Over? http://implode-explode.com/viewnews/2016-05-22_PetroyuanisHereWillItTakeOver.html The Russian-Chinese energy alliance is proposed to go longer. Moscow and Beijing have made their interchanges of petroleum a channel of transition towards a multipolar monetary system, that is to say, a system that is no longer based on the dollar alone, but takes into account various currencies and above all, that reflects the correlation of forces in the current world order. The economic sanctions imposed by Washington and Brussels drove the Russians to eliminate the dollar and the euro from their commercial and financial transactions, since otherwise, they would be too exposed to suffer sabotage in the moment of realizing buying and selling operations with their principal trading partners.

For this reason, from mid-2015, the hydrocarbons that China buys from Russia are paid in yuans, not in dollars, information that has been confirmed by high executives of Gazprom Neft, the petroleum branch of Gazprom [5]. This has lead to the use of the "people's currency" (‘renminbi') in the world oil market and at the same time allows Russia to neutralize the economic offensive launched by the United States and the European Union. The underpinnings of a new financial order supported by the petroyuan is emerging: the Chinese money is preparing to become the axis of commercial exchanges of the Asian-Pacific region with the principal petroleum powers.

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iehi-feed-59841 Fri, 20 May 2016 21:26:53 GMT Business Loan Delinquencies Spread From Energy; Spike to Lehman Level http://implode-explode.com/viewnews/2016-05-20_BusinessLoanDelinquenciesSpreadFromEnergySpiketoLehmanLevel.html iehi-feed-59829 Thu, 19 May 2016 23:06:42 GMT Why Venezuela Could Be on the Brink of Collapse http://implode-explode.com/viewnews/2016-05-19_WhyVenezuelaCouldBeontheBrinkofCollapse.html iehi-feed-59828 Thu, 19 May 2016 17:34:59 GMT Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe http://implode-explode.com/viewnews/2016-05-19_GreekPipelineBreakthroughToChallengeRussianGasDominanceInEurope.html The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help the continent diversify away from Russia... The pipeline projects are part of what is often referred to as the "Southern Corridor" for European gas. For years Europe has pressed for a gas pipeline through the southern corridor that would offer it an alternative to Russian gas.

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And back when Nabucco was in vogue, Russia pushed hard for its own route through Southern Europe. The so-called South Stream Pipeline would have sent Russian gas beneath the Black Sea to Bulgaria. European regulators worked hard to derail that pipeline on anti-competition grounds.

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From the perspective of the U.S. government, TAP will reduce Europe's dependence on and vulnerability to Russia; in essence, it is a major geopolitical victory. U.S. Secretary of State John Kerry, in a congratulatory letter to Greece's Prime Minister, said that TAP is a "prime example of infrastructure that enhances European energy security."

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iehi-feed-59823 Thu, 19 May 2016 03:17:53 GMT Abenomics has over-promised and under-delivered http://implode-explode.com/viewnews/2016-05-18_Abenomicshasoverpromisedandunderdelivered.html iehi-feed-59816 Wed, 18 May 2016 13:48:40 GMT Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Shares+Miner http://implode-explode.com/viewnews/2016-05-18_BillionaireSorosCutsUSStocksby37BuysGoldSharesMiner.html iehi-feed-59813 Tue, 17 May 2016 20:57:16 GMT Hedge Funds Buy Silver As Silver Bullion Deficit Surges http://implode-explode.com/viewnews/2016-05-17_HedgeFundsBuySilverAsSilverBullionDeficitSurges.html iehi-feed-59803 Mon, 16 May 2016 15:26:56 GMT China's ICBC Buys 2,000-Ton London Gold Vault From Barclays http://implode-explode.com/viewnews/2016-05-16_ChinasICBCBuys2000TonLondonGoldVaultFromBarclays.html "This enables us to better execute on our strategy to become one of the largest Chinese banks in the precious metals market," Mark Buncombe, head of commodities at ICBC Standard Bank, said in the statement. "The acquisition of a precious metals vault allows us to expand our services in clearing and processing."

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The vault, which can store 2,000 tons of gold and other precious metals such as silver, platinum, palladium, was opened by Barclays in 2012 and took more than a year to build. The location of the vault is secret, but the lender has said it's within the M25 road that orbits London. Its decision to exit the business comes as U.S. and European Union regulators investigate whether at least 10 banks -- including Barclays, JPMorgan Chase & Co. and Deutsche Bank AG -- manipulated prices of precious metals such as silver and gold.

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