armstrongeconomics.com / By Martin Armstrong / May 15, 2013
There
really is no other word for politicians but brain-dead. They cannot
understand that what they are doing is the destruction of the economy.
They created the bank instability by failing to create a national debt
for reserves. Then the banks have to keep sovereign debt as reserves of
all members and then they default.
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It is only logical that when one of the smarter people in finance warns that he “sees bubbles everywhere”
that he should be roundly ignored by those who have no choice but to
dance. Because Bernanke and company are still playing the music with the
volume on Max, and if not for POMO 
While trading sideways over the last (3) months, JLL has formed a
solid resistance at $100 (red). That resistance would also provide a
52-week high breakout if the stock could manage to break above it. In
addition, the stock has been climbing a trendline of support (blue)
since last August. At some point, the stock will eventually have to
break one of those two levels.
Norcini has been stunningly accurate in his predictions of the
movement in the gold and silver markets. Now the acclaimed trader
discusses these incredibly important developments in key markets: “You
cannot create the kind of money the world is printing and not have any
repercussions, no impact, no consequences whatsoever. It simply defies
everything we have ever learned about economics.The mindset in the West is that there is no inflation regardless of what the central banks are doing with the money creation. Today lumber futures made a 7 month low. That collapse in price is startling considering the US is supposed to be on the mend with regards to housing.
But as a result of slumping commodity prices such as lumber, demand for paper gold has been falling….
John Embry continues @ KingWorldNews.com