Implode-Explode Heavy Industries news feed

Iran will be barred from accepting gold as payment for oil

Sun, 24 Nov 2013 20:16:24 GMT

``You'd think that if it were just a barbarous relic, the US would be happy for Iran to trade oil for gold?''

Timothy Geithner heads to private equity firm Warburg Pincus

Sun, 17 Nov 2013 23:15:44 GMT

Geithner WON'T be helping Warburg get inside access to the government and the rest of the global elite decision-making world. JUST KIDDING!!!! Of course he will.

Libyan separatists take over oil exports as PM warns of foreign intervention

Tue, 12 Nov 2013 13:10:35 GMT

Things going swimmingly over there we see...

Brent Crude Traders Claim Proof of Rigged Market

Thu, 07 Nov 2013 12:50:20 GMT

Four longtime traders in the global oil market claim in a lawsuit that the prices for buying and selling crude are fixed -- and that they can prove it. Some of the world's biggest oil companies including BP Plc (BP/), Statoil ASA (STL), and Royal Dutch Shell Plc conspired with Morgan Stanley and energy traders including Vitol Group to manipulate the closely watched spot prices for Brent crude oil for more than a decade, they allege.
The case, which follows at least six other U.S. lawsuits alleging price-fixing in the Brent market, provides what appears to be the most detailed description yet of the alleged manipulations and lays out a possible road map for regulators investigating the matter.

China Needs PGM's Now - Sprott

Thu, 31 Oct 2013 13:22:58 GMT

``... senior officials in Japan [say] that the Toyota Motor Company will announce hydrogen fuel cell automobiles later this year with commercial production being achieved in 2015. These vehicles run on hydrogen gas rather than gasoline and emit no harmful tailpipe emissions; however they do use a substantial amount of platinum as a catalyst to generate electricity. How much platinum will they require? "These cars will use ounces, not tenths of ounces of platinum," Friedland said, adding, "You will need a telescope to see how high the price of Platinum will go''

Chris Powell: Gold price suppression -- why, how, and how long? (BRILLIANT, MUST-READ!)

Wed, 30 Oct 2013 13:45:39 GMT

``While the principle of most gold investment analysis is "You can't print gold," "paper gold" can be printed to infinity just like regular government currency -- and indeed has been printed practically to infinity.''

Silver to Hit New Highs Despite Bearish Forecasts

Fri, 25 Oct 2013 01:20:06 GMT

``The world is heading straight for an energy wall shortly and most (99%) of the analysis are forecasting business as usual for the next several decades. Peak Energy will severely impact the valuations of most of the stocks on the Dow and S&P 500 going forward as growth diminishes for the majority of companies.''

More Housing Data Says Bubble Will Rage On, Fed Will Never Learn | The Wall Street Examiner

Mon, 30 Sep 2013 01:38:45 GMT

``It seems abundantly clear from that data that the US housing market is in a bubble and is a lot hotter than Case Shiller says.... price gains got a little too hot by July and entered a correction in August. This is a typical seasonal pattern.... Restricted supply appears to be the primary driver of the house price bubble. At some point, higher prices should bring forth a torrent of supply, but part of the problem is that ZIRP also restricts supply because it renders too much of a penalty for cashing out equity. ''

Bakken is Peaking

Tue, 24 Sep 2013 01:03:24 GMT

``As Wall Street, CNBC, and feckless politicians tout American energy independence from the miracle of shale oil, reality is already rearing its ugly head. Production grew by 24% over the first six months of 2012. Production has grown by only 7% over the first six months of 2013. That is a dramatic slowdown''

Bernanke says unemployment hasn't improved enough to slow stimulus

Wed, 18 Sep 2013 20:03:24 GMT

"Conditions in the job market today still are far from what all of us would like to see," Bernanke said at a news conference after the policy-setting Federal Open Market Committee voted to continue its bond-buying program at the same pace.
...
"The unemployment rate is not necessarily a great measure in all circumstances of the state of the labor market overall," Bernanke said. "There is no magic number we are shooting for. We are looking for overall improvement in the labor market."

Bernanke's comments came after Fed policymakers stunned most economists by voting to keep its bond-buying stimulus program unchanged.

Separating Fact from Fiction In Accounts of Germany's Renewables Revolution

Tue, 17 Sep 2013 16:07:42 GMT

``Germany's Energiewende is a bold, challenging, and complex experiment. Its inevitable imperfections need, and get, recognition and correction. On the whole, it has been highly successful so far and is on track for its seemingly ambitious goals--renewable electricity rising to 35 percent of consumption by 2020 and 80 percent by 2050, primary consumption falling respectively to 20 and 50 percent below 2008 levels, and CO2 emissions falling to 30 and 80 percent below 1990 levels. In fact, Germany could even surprise the world by going even further and faster''

Romantic Germany risks economic decline as green dream spoil

Sat, 14 Sep 2013 14:28:21 GMT

Chancellor Angela Merkel tied a deadweight around the ankles of her country when she suddenly - and flippantly - abandoned her nuclear policy after Japan's Fukushima disaster in 2011. "This has forever changed the way we define risk," she said at the time. "It's over."
...
Utilities are turning to coal - and cheap lignite, emitting 30pc more CO2 - to plug the gap. Germany's greenhouse emissions rose 1.6pc last year. In the US they fell to a 20-year low thanks to the switch from coal to shale gas. Sudden surges of power - the intermittency effect - are overloading the grid and crippling utilities E.ON and RWE. The pair have threatened to shut down 21,000MW of power plants.

Jim Willie on US Isolation; End of the Dollar; New Beginning for Gold (Interview)

Wed, 11 Sep 2013 02:43:28 GMT

Jim Willie's latest interview with Greg Hunter of USA Watchdog; many bold predictions in here, such COMEX going dark on gold pricing in just a matter of months.

Jim Willie: Syria, Pipeline Politics, OPEC & the USDollar

Sat, 07 Sep 2013 03:59:21 GMT

`` Simply stated, Saudi Arabia is to OPEC, what Russia is to NatGas Coop. The phase out of OPEC is in progress, without much recognition. The emergence of the NatGas Coop is to be better understood in the near future. A tremendously important shift is taking place in energy geopolitics. The consequences will be rapid diversification out of the USTreasury Bond, colossal Indirect Exchange in asset deals, and broad abandonment (aka dumping). In the process, almost no buyers of USGovt debt will be visible, and the USFed will be leaned upon more fully for bond purchases. The Weimar machinery will strain to the limit. The USGovt debt default will occur, as the event has become more visible, a 2008 Hat Trick Letter forecast.''

JPMorgan subject of obstruction probe in energy case

Fri, 06 Sep 2013 13:40:01 GMT

``U.S. authorities are conducting a criminal investigation into whether several employees of JPMorgan Chase & Co tried to impede a regulatory investigation into alleged manipulation of power markets, according to multiple sources familiar with the matter.''

Is The United States Going To Go To War With Syria Over A Natural Gas Pipeline?

Thu, 05 Sep 2013 12:52:09 GMT

``Why has the little nation of Qatar spent 3 billion dollars to support the rebels in Syria? Could it be because Qatar is the largest exporter of liquid natural gas in the world and Assad won't let them build a natural gas pipeline through Syria?''

Market Forces Will Destroy Central Banks - Marc Faber

Tue, 03 Sep 2013 17:19:02 GMT

Good, longish interview/conversation -- `` I rather think, what will eventually happen is that the market forces will destroy central banks. It's actually interesting, based on the losses that the Federal Reserve already has, they have now negative equity. Of course they don't go bankrupt because they can basically print money -- but it is where the commercial enterprises would be bankrupt. I believe one day the financial system including derivatives, whole leverage and so forth, will go up in the air and then voices will come up and say, well who actually created this whole mess and at that point the central bankers and Mr. Bernanke say well, he is the John Law of the 21st century.''

"The Class-Backed Dollar"

Tue, 03 Sep 2013 16:18:01 GMT

``The span labeled middle class America were years when society was "without extremes of wealth or poverty, a society of broadly shared prosperity, partly because strong unions, a high minimum wage, and a progressive tax system helped limit inequality." But the odd thing about it -- about Mr. Krugman's column -- is that he fails to mention one other feature of the period. The dollar was defined as a matter of law through most of the period as being a 35th of an ounce of gold''

Paul Craig Roberts: Obama Courting Economic Disaster With Syria

Tue, 03 Sep 2013 16:10:30 GMT

``A competent administration would realize that a government that is unable to pay its bills without heavy use of the printing press is in far too much trouble to be worrying about what is going on in Syria. No competent administration would risk a military strike that could result in a Middle East conflagration and a rise in oil prices, thus worsening the economic situation that Washington faces.''

Precious Metals Will Rise as the Economic Recovery Disintegrates - Steve St. Angelo

Sun, 01 Sep 2013 02:51:53 GMT

``There is no way of telling exactly when the U.S. treasury bubble will burst, however fundamentals are now pointing back in favor of the precious metals. Currently we are seeing a decoupling as the prices of gold and silver are heading in the opposite direction of the broader stock markets.''