Daily briefing for Wednesday, January 19, 2011; Gold; secrets; junk bonds; sections

 "the rescue mechanism is a mess; there’s no plan for getting countries out of the clutches of the EU and the IMF; and the obvious flaws in the packages are making the breakup of the euro area more likely. It would be better to admit that the EU made a huge mistake in bailing out Greece, and simply restructure Portuguese debt."

 http://www.bloomberg.com/news/2011-01-18/portuguese-bailout-will-make-euro-crisis-worse-commentary-by-matthew-lynn.html

Once you understand the fact that the BS and lying is being orchestrated in the world media, it is so easy to spot the effluent. Go to Bloomberg and it's difficult to identify an article that is not manufactured processed shit. This one above slipped past the censor.

Good Morning Wally, good to see you start the day on a positive note.

http://globaleconomicanalysis.blogspot.com/2011/01/ecb-allows-irish-central-bank-to.html

Crystal ball time....how soon before we see XTs on sale...!...that stands for extension trailer...just what you will need for your all electric vehicle if you want to make the longer trips...to be regarded by govts as integral parts of the car for taxes...these little units will be a third the size of current small trailers and contain enough battery power to boost ranges by 500km. They may even provide freezer/fridge space too.

http://www.stratfor.com/weekly/20110117-chinas-military-comes-its-own?utm_source=GWeekly&utm_medium=email&utm_campaign=110118&utm_content=readmore&elq=c0ce9e5a98f14a4dbadcdb7a6a645835

Here are some of the good bits:

Gates told reporters that Hu had assured him the timing was coincidental. After being asked for his own thoughts regarding the relationship between the military and the political leadership in China after his meetings with Chinese civilian and defense leaders, Gates noted that he had become concerned about that relationship over time

Although Gates did not say the Chinese military tested the J-20 without political clearance from Hu, the idea was certainly suggested by the media coverage and Gates’ response.



If indeed the test surprised Hu, then there is serious trouble in China’s leadership structure.



The Chinese miracle is nearing its natural conclusion, as Beijing begins to face a reality like that seen by Japan, South Korea and the other Asian Tigers that all followed the same growth pattern. How that crisis plays out is fundamentally different depending upon the country: Japan has accepted the shared long-term pain of two decades of malaise; South Korea saw short, sharp, wrenching reforms; Indonesia saw its government collapse. The reliability of the military, the capability of the civilian leadership and the level of acceptance of the population all combine to shape the outcome.

Sh-- a brick!

 "Tertiary Education Commission (TEC)..... proposal to cut jobs    The proposal, which also included the creation of 39 new positions, would mean about 80 of the approximately 300 jobs at TEC would be lost,...... workload  includes the distribution of $3 billion of funding to about 800 education providers."herald.

Does it really take 300 people to distribute money?

Do we really need 800 providers?

"yes, only 308 sections sold nationally in December 2010."

Facts:

20% more than in 2008, 10% down on 2009 and the highest number since September 2010.

You'd get even more eyeballs if you wrote it like this, of course

"A massive drop of 10% over 2009,  just marginally up on the 2008 numbers and hardly any movement since September."

Excellent post by Tyler Turden submitted by Giordano Bruno of Neithercorp Press.

"Disinformation fog intensifies  - economic turmoil develops".

Also worthwhile to read the comments to this post.

http://www.zerohedge.com/article/guest-post-disinformation-fog-intensif…