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Sunday, April 20, 2014

The Banks Continue To 
Fight His Rule
[& Continue To Beat It]
[Cliff Küle Note: It was such a pure & simple rule for America to establish: Keep the taxpayers protected from the bank's high risk bets!]
NY Times article on how big banks are still fighting to water down the regulation of The Volcker Rule .. the latest fight involves collateralized loan obligations (CLOs)  - banks want to own them but regulators say these holdings may be dangerous & allow risk trading to occur .. CLOs are bundles of mostly commercial loans that are sold in various pieces to investors, similar to collateralized debt obligations, or CDO.s — those instruments that imperiled so many banks during the financial crisis .. "The battle for the soul of the Volcker Rule has been lengthy and contentious, which isn’t surprising, since it goes to the heart of the too-big-to-fail debate. Clearly, large and interconnected banks like the status quo — a safety net that will rescue them if their bets go bad."
LINK HERE to the article
Data Will Transform Business
Sunday Night Special
Outside Our Box 
Philip Evans gives a quick primer on 2 long-standing theories in strategy, explains why he thinks they are essentially invalid .. 14 minutes
Happy Easter to all our Christian readers. Happy Sunday to all others. In this video, a very unassuming looking priest surprises a wedding congregation with song. It's worth a moment no matter what your religious persuasion.

Michael Lewis Interview
Michael Lewis in conversation with Malcolm Gladwell at Live Talks Los Angeles .. held on April 10, 2014 .. discussion on high-frequency trading & Lewis' new book Flash Boys .. 1 hr total
How to Avoid
The #1 Cause of Disability:
Safe & Effective Treatments 
For Back Pain
Outside Our Box
Dr. Mercola special on back pain .. 1 out of 10 people suffer from lower back pain .. in the U.S., it may be more like 8 out of 10 ..  In the U.S., it accounts for 10% of all primary care doctors visits each year, costing Americans as much as $86 billion annually .. back pain is also the number one cause of job disability worldwide .. lower back pain is also one of the primary reasons why people get hooked on prescription painkillers .. lots of advice & remediation provided in this article .. here are a few:
1. Eliminate or radically reduce processed foods, grains, and processed sugars from your diet. Avoiding grains and processed sugars will lower your insulin and leptin levels and decrease insulin and leptin resistance, which is one of the most important reasons why inflammatory prostaglandins are produced. That is why stopping sugar and sweets is so important to controlling your pain and other types of chronic illnesses.
2. Start taking high-quality, animal-based omega-3 fat. My personal favorite is krill oil. Omega-3 fats are precursors to mediators of inflammation called prostaglandins. (In fact, that is how anti-inflammatory painkillers work, they manipulate prostaglandins.)
3. Optimize your production of vitamin D by getting regular, appropriate sun or safe tanning bed exposure, which will work through a variety of different mechanisms to reduce your pain.
4. Emotional Freedom Technique (EFT) is a drug-free approach for pain management of all kinds. EFT borrows from the principles of acupuncture, in that it helps you balance out your subtle energy system. It helps resolve underlying, often subconscious, negative emotions that may be exacerbating your physical pain. By stimulating (tapping) well-established acupuncture points with your fingertips, you rebalance your energy system, which tends to dissipate pain.
5. Astaxanthin is one of the most effective fat-soluble antioxidants known. It has very potent anti-inflammatory properties and in many cases works far more effectively than anti-inflammatory drugs. Higher doses are typically required and one may need 8 mg or more per day to achieve this benefit.
6. Ginger: This herb has potent anti-inflammatory activity and offers pain relief and stomach-settling properties. Fresh ginger works well steeped in boiling water as a tea or grated into vegetable juice.
7. Curcumin: In a study of osteoarthritis patients, those who added 200 mg of curcumin a day to their treatment plan had reduced pain and increased mobility. A past study also found that a turmeric extract composed of curcuminoids blocked inflammatory pathways, effectively preventing the overproduction of a protein that triggers swelling and pain.
8. Boswellia: Also known as boswellin or "Indian frankincense," this herb contains specific active anti-inflammatory ingredients. This is one of my personal favorites as I have seen it work well with many rheumatoid arthritis patients.
9. Bromelain: This enzyme, found in pineapples, is a natural anti-inflammatory. It can be taken in supplement form but eating fresh pineapple, including some of the bromelain-rich stem, may also be helpful.
10. Cetyl Myristoleate (CMO): This oil, found in fish and dairy butter, acts as a "joint lubricant" and an anti-inflammatory. I have used this for myself to relieve ganglion cysts and a mild annoying carpal tunnel syndrome that pops up when I type too much on non-ergonomic keyboards. I used a topical preparation for this.
11. Evening primrose, black currant and borage oils: These contain the essential fatty acid gamma linolenic acid (GLA), which is useful for treating arthritic pain.
12. Cayenne cream: Also called capsaicin cream, this spice comes from dried hot peppers. It alleviates pain by depleting the body's supply of substance P, a chemical component of nerve cells that transmits pain signals to your brain.
link here to the article
Trends In Inequality 
via The Center On Budget 
& Policy Priorities
"Data from a variety of sources contribute to this broad picture of strong growth and shared prosperity for the early postwar period, followed by slower growth and growing inequality since the 1970s. Within these broad trends, however, different data tell slightly different parts of the story (and no single source of data is better for all purposes than the others). .. This guide consists of four sections. The first describes the commonly used sources and statistics on income and discusses their relative strengths and limitations in understanding trends in income and inequality. The second provides an overview of the trends revealed in those key data sources. The third and fourth sections supply additional information on wealth, which complements the income data as a measure of how the most well-off Americans are doing, and poverty, which measures how the least well-off Americans are doing."
LINK HERE to the report
Bull & Bear's Latest Newsletter
on Gold Stock News
25 pages of great essays & articles - Rare Earths, Precious Metals & more
LINK HERE or above to download in PDF
Jim Rickards*:
Where To Invest As
"World Backs Away"
From The U.S.$
Jim Rickards* advises investors should put 10-20% into bullion & adopt their own gold standard .. Rickards sees a looming crisis building for the U.S.$: "I recently returned from a trip to Switzerland .. I did not go to any banks. I went to the gold refiners to find out what was actually happening with physical gold .. I met with the head of precious metals for one of the largest refiners. He's producing about 20 tons a week in gold. China's buying half of it. China's dumping dollars to get gold. Russia's backing away from the dollar for geo-political reasons. Saudi Arabia is also backing away from the dollar." .. Rickards thinks the Federal Reserve is mismanaging the U.S.$ - its moves are based on the false assumption that the markets can operate in balance with some occasional government interference .. "Although the government is shoring up the economy in the short-term, the currency system will eventually erode. Central banks understand that gold retains enduring value, and that's why they are buying and storing gold." ..  

Online Business Radio at Blog Talk Radio with New York Markets Live on BlogTalkRadio with BullionVault's New York Markets Live on BlogTalkRadio

David Stockman*:
FDR’s Hayseed Coalition: 
The Roots Of Modern Money Printing
David Stockman* gives an excerpt from his book The Great Deformation: The Corruption of Capitalism In America (pp 182-186) .. Stockman identifies the Thomas Amendment in 1933 as the time the gold standard & sound money was brought down .. "The Thomas Amendment was a nascent version of today’s delusion that economic setbacks, shortfalls, and disappointments are caused by too little money. The true cause, both in the early 1930s and today, was actually an excess of debt. This explanation is never appealing to politicians because there is no real cure for the liquidation of excess debt, except the passage of time and the forfeiture of the ill-gotten gains from the financial bubbles preceding it." .. Stockman sees the Thomas Amendment as the forerunner to today's modern central planning, embodying the notion that a country's GDP could be managed by simply raising the dollar price of a market basket of commodities.
LINK HERE to the excerpt
From Our Archives:
In case you missed it a few weeks ago ..
David Stockman*:
Is the Federal Reserve
a Perpetual Bubble-Maker?
Boom Bu$t .. David Stockman* discusses whether the Federal Reserve is creating destabilizing bubbles .. also discusses the connection between debt & leverage, whether we have more to fear from public or private debt, whether our economic system embodies crony capitalism .. 1/2 hr total program

Dr. Ron Paul*: 
Will Gold Hit $50,000 
An Ounce by 2020?!
Dr. Ron Paul* explains why gold valued $50,000 an ounce is not as preposterous as it may sound & why one thing is for sure: it’s a good idea to own gold & silver for safety, security & insurance .. 15 minutes
LINK HERE or click above to view