GERALD CELENTE TRENDS on Detroit 'No-town' and the New Reserve Currency

Here's what's in your Prime Interest today:
Risk markets are up -- congratulations Bernanke! While the Bank of England said they'd put QE on hold this morning, the S&P 500 edged over 1700 today -- with the help of a key manufacturing report. According to Barron's, one of our key sources, they say -- quote "It's hard to understate the gains in this report." Unfortunately, construction spending collapsed by the largest amount in a year, missing expectations dramatically.

And mortgage rates, the cost of buying a home -- hint: think construction -- are up again -- now just shy of four and a half percent. Just three months ago they were a full percentage point lower. That was about the time Chairman Bernanke threatened to taper off his QE bond buying.

Then there are all the funds that swooped in to buy cheap foreclosed houses and turn them into rental properties. Well, they are selling vis-a-vis IPO's -- in other words, dumping inventory on the middle class. Can't have a bubble without that. As Zero Hedge notes, American Homes 4 Rent just priced at a 44% discount versus its June prospectus offering. Meaning, rats -- both small and New York-sized alike -- are leaving the ship.

New developments with the controversial Durbin Amendment, which we've coined as the swipe fight. A US District Judge kicked back the Federal Reserve's rule capping debit card swipe fees saying they are still to high. The Durbin Amendment has saved merchants billions to date -- which they are not passing onto consumers, and retailers are asking for even more. Meanwhile, banks are loosing revenue and passing those cost onto debit card customers. More than likely the Fed will appeal the courts decision. Perianne breaks down interchange fees in detail. And Bob discusses recent global economic trends with Gerald Celente. Detroit, the Fed, Summers versus Yellen.

Bubble Economy - Economic Meltdown Risk 2013

Bubble Economy - Economic Meltdown Risk 2013





In this episode of the Keiser Report, Max Keiser and Stacy Herbert drink the KoolAid in order to get into the minds of the cult members climbing the suicidal property ladders in the US and UK. In the second half, Max talks to journalist and author, Dominic Frisby, about the cult of housing and how it is that Margaret Thatcher's Right to Buy scheme inspired the Conservative party to introduce Help to Buy for purely vote buying reasons.

Patrick Henningsen - Syria, Snowden, NSA & the Whistleblower Circus

Red Ice Radio - Patrick Henningsen - Syria, Snowden, NSA & the Whistleblower Circus



Patrick Henningsen, an independent journalist currently based in London, is the managing editor of 21st Century Wire, which delivers news and exposés on intelligence, foreign policy, climate change, the war on terror, technology and Wall Street. In the first hour Patrick talks about the situation in Syria as Britain and France, together with Israel and US support are destabilizing the country. Fake revolutions with the aid of Google and the National Endowment for Democracy are reshaping and reforming countries faster than any invasion could. We also discuss the NSA surveillance debacle and Ed Snowden in the main stream media. Henningsen explains how whistleblowers have now become an intricate part of the geopolitical game. In the second hour, we begin on government surveillance and the global spying network. Then, we'll discuss what a global government would need in order to have a smooth transition. Later, Patrick explains how countries who still value the family unit and small local business are being infiltrated. He talks about the vision of how the elite would like to see the world. We end on Michael Hastings.  http://21stcenturywire.com/

BREAKING: Is China Ready to REPLACE the US DOLLAR? David Morgan

Bye Bye petro Saudi dollar, $20 trillion shale oil find surrounding Coober Pedy 'can fuel Australia', and could change from oil importer to exporter sending panic to oil giants. USA going to start WW3 in Syria so they won't pay China its debt! Anyway China Yuan for gold back currencies at the end they win.

World Bank Whistelblower Karen Hudes Spills the Beans about the Banking corruption

INTERVIEW with Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower! During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals.Former World Bank attorney and whistleblower Karen Hudes talked about how she uncovered corruption in the World Bank. Karen Hudes who worked for 20 years in the World Bank's legal department. Ms. Hudes is a whistleblower involved with the laundry list of corruption that has begun to rear its head in The World Bank.