Yahoo - CNBC - Central Banks Sell Record Sums of US Debt. Keep an eye on the stock market this week.

Who Knows What I Will Post, Not I

Yahoo - Reuters - Cash hard to raise as Fed jars credit markets. Banks are having to double up on how much cash they keep on hand and credit is going to be harder and harder to come by. This will cause deflation.

Yahoo - Reuters - World's bankers meet, pressing for clarity on regulatory change. It is all a show kids. I have previously said how this will turn out. Bail ins are the future.

Investment Week - Warning of new financial crisis as bond yields spike.

Politico - WSJ, Dow Jones to 'restructure'. Not sure what is going on here; but, it is definitely worth keeping an eye on.

Yahoo - Business Insider - Two Of China's Biggest Banks Have Stopped Lending At Some Of Their Branches. Credit is going away, what will it mean to prices.

The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. Let us all say it together, bail ins, the decision was made long ago, this is now just a show to let you know.

Basically, nothing has changed. We should expect stock market volatility and eventually the crash and bail ins. That is what the world is putting the infrastructure in place to deal with. Lets consider this, the world has been setting up laws to deal with massive and systematic failures of large banks. Why do that if everything is okay? The United States has been practicing and putting in place laws to deal with civil disturbances and training the military to deal with them. Why do that if you don't expect something to happen.

Now that we are past that, what is it that we should be keeping our eyes on? The solution to the coming problems. What is the solution and what will it mean and how willing will you be to go along with it?

I don't know what the news will bring; but, I don't just want to write about the economy. Perhaps I shall post more music.

Still here and okay

The Pimpernel has just had a lot on his mind and needed to recharge his battery. I will post tonight and have been saving up news articles.

Rocky Financial News Far From Done

The markets are and will continue to be volatile. This should not be news to my readers.

Yahoo - Reuters - Analysis - After the Fed shock, markets set for more turmoil

The Guardian - Our banks are not merely out of control. They're beyond control

The Guardian - 'It's a proto-fascist ideology. Top bankers as predators and us as prey'. It is all about how they view us and they view us as victims. There is a line in the bible about bad shepherds who do not care about the sheep because they are only hired hands, the bad shepherds do not get rewarded in the end.

YouTube - Bank Corruption - May 25 2013 - Coast to Coast Am - C2CAM Date: 05-25-13. This is a broadcast from Coast to Coast AM. At about 41 minutes in Karen Hudes, a former attorney with the World Bank goes over the corruption within the financial system. Her solution is for international control over banking.

Reuters - U.S. bond funds lose a record $47.2 bln in June-TrimTabs

They could not bring in international control of finances if they didn't destroy the old system first and the old system was destroyed by changing laws that allowed the corruption and gaming to exist.

Saturday and very little news.

I was on another site reading things and have not posted tonight. Let me start by saying that nothing happened in the market on Friday. Now, let me apologize for a mistake I made. I talked about the Bank of England and FDIC being prepared to take over the banks, I just assumed the EU would go along with the same plan and forgot that England is not part of the Eurozone. That was stupid on my part. The infrastructure is not in place for the collapse of the banks yet.

Yahoo - Reuters - Europe unable to break impasse on who pays when banks fail. The article says, "If agreed, the rules would take effect at the start of 2015 with the provisions to impose losses coming as late as 2018." This may sound terrible; but, I would almost prefer it comes sooner rather than later, I guess we will see.

Reuters - Obama taps former IMF official as national security deputy. It is a short article, you should read it. Why are we putting someone whose experience is all in finance in charge of national security? Any guesses?

Yahoo - Rolling Stone - The Last Mystery of the Financial Crisis.

Financial news and tech news and other things

Firstly, I received a comment regarding my post on Pastor Daniels from someone who claims to have been in the area at the time. I am not sure I can post it because it includes someone's name and they are not a public figure.

Yahoo - Good Morning America - Siri's Going Through Puberty, but Not Fast Enough. Basically the article is complaining that the software assistant called Siri that comes with Apple products is not predicting what you will do well enough.

Washington Post - Bloomberg - World economic group calls for global exchange of tax information to fight evasion. A one world tax organization, how global.

PhysOrg - Japan experts to OK animal-human embryos test: reports (Update). Just another bad idea and one that shows no respect for human life.

Yahoo - Daily Ticker - Bernanke & Fed Don’t Know How to Quit QE: David Stockman.

Yahoo - Reuters - Dolce and Gabbana Sentenced to Jail for Tax Evasion.

CNN - Physicians group labels obesity a disease. The important thing is not whether or not it is true because it is not a disease, the important thing is that they can make more money off it if they say it is true.

Yahoo - Reuters - Euro ministers to decide direct bank recapitalization rules on Thursday. And they are deciding that in the future they will do "Bail-ins", just like the IMF, BOE, FDIC, Canada...

New York Times - China’s Great Uprooting: Moving 250 Million Into Cities. They didn't build all those brand new empty cities for nothing.

Yahoo - Reuters - End to Fed stimulus, China slowdown spark world sell-off.

Lets see, gold is down from $1,800 to about $1,280. Don't buy gold. You cannot eat it, you cannot use it as currency and it is easily stolen.

Well the Asian markets are beginning to wake up and it is not pretty. The Nikkei is down about 300 points or another 2+ percent. Tomorrow should be interesting on Wall Street.

It Aint Over, More to come in Stock Market

Well, I guess I was right about June being a bad month for the stock market.

Yahoo - CNBC - Stocks Nosedive 2%, Dow Ends Down 350 on Fed Taper Talk; Vix Tops 20 for First Time in 2013.

The stock market is just an indicator of what the real threat is that is coming and that is bank failures. Things are going to get worse.