Saturday, February 8, 2014

EPJ Week In Review - Week Ending 2/7/14

By, Chris Rossini

Below you'll find everything that has been published on EPJ for the week ended Friday February 7, 2014. The hottest posts for each day are highlighted in red.

Friday 2/7/14

Thursday 2/6/14
Wednesday 2/5/14
Tuesday 2/4/14
Monday 2/3/14
Sunday 2/2/14
Saturday 2/1/14


  1. So Many Bribes, a Greek Official Can’t Recall Them All

    At the time, Mr. Kantas, a wiry former military officer, did not actually have the authority to decide much of anything on his own. But corruption was so rampant inside the Greek equivalent of the Pentagon that even a man of his relatively modest rank, he testified recently, was able to amass nearly $19 million in just five years on the job.

    Greeks are hardened to stories of corruption. But even they have been transfixed by Mr. Kantas’s confessions since he was arrested recently on a litany of charges including money laundering and behavior that was detrimental to the Greek state. Never before has an official opened such a wide window on the eye-popping system of payoffs at work inside a Greek government ministry. At various points, Mr. Kantas, who returned to testify again last week, told prosecutors he had taken so many bribes he could not possibly remember the details.
    why don't we look at ourselves, first?

  2. Market Manipulations Become More Extreme, More Desperate
    February 7, 2014

    Paul Craig Roberts and Dave Kranzler

    In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated.

    On several recent occasions gold has attempted to push through the $1,270 per ounce price. If the gold price rises beyond this level, it would trigger a flood of short-covering by the hedge funds who are “piggy-backing” on the bullion banks’ manipulation of gold. The purchases by the hedge funds in order to cover their short positions would drive the gold price higher.

    With pressure being exerted by tight supplies of physical gold bars available for delivery to China, the Fed is growing more desperate to keep a lid on the price of gold. The recent large decline in the stock market threatened the Fed’s policy of taking pressure off the dollar by cutting back bond purchases and reducing the amount of debt monetization.

  3. Would EPJ consider having a weekly open thread?