17 December 2011
Iraq: An army of soldiers to be replaced by an army of businessmen: On Tuesday, prime minister Nouri al-Maliki gave a presentation to more than 400 executives representing a wide range of industries including petroleum, engineering and construction, commercial aviation, architecture, maritime cargo and financial services; the leaders of American commerce and industry, to proclaim Iraq's "limitless" opportunities "open for business" to American investors.
16 December 2011
"According to China's National Foreign Exchanges Administration China 's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the U.S. and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB."
"The gold time bomb takes the form of a possible panic out of paper gold into physical metal when counterparty risk reaches an extreme level whereas a new gold standard would complement modern financial markets by serving as the ultimate asset: gold with mobility and no counterparty risk." Tom Szabo
This week Max Keiser and co-host Stacy Herbert discuss re-hypothecating Alec Baldwin's cake and eating it too. And, as Al Capone before him, JP Morgan's Jamie Dimon complains of the thankless task of being a "public benefactor". In the second half of the show, Max talks to Reggie Middleton about German debt and MF Global
15 December 2011
"Today the lease rate for one month lease on gold went to negative 1/2%. In other words, the central bank pays the bullion bank to borrow gold. With cheap gold and silver (also negative lease rate) the bankers raided gold and silver. The real reason was the fact that Europe again after just two weeks of huge dollar swaps, have run out of dollars again." Harvey Organ's Dayly Gold & Silver Report
14 December 2011
"*US official public debt has now passed $15 Trillion and is now roughly equal to 100% of GDP. *Greece has effectively defaulted with Italy, Portugal and Spain close on its heels leaving a euro-breakup imminent. *The markets are being prepared verbally for QE3 by the Fed governors, even while QE light and The Twist continue. " Silverdoctors
"However, gold has the desirable characteristics that we all want the means of payment to have. Primarily, it is stable in monetary value. It has other desirable characteristics as well, such as being easy to store, infinitely divisable, a chemical element, compact and of high value, and so forth. This is why we say that “gold is money,” and it is why gold has so often been the foundation for successful monetary systems for the last five hundred years." Nathan Lewis
"Easy money is the heroin of the financial world and we’re the main pusher. Generally, the pusher wins arguments with his addict clients, so expect a coordinated US/Europe quantitative easing that dwarfs even the Fed’s secret loan program of the past few years, and expect it soon. Get ready, American and European taxpayers. You’re about to become proud owners of several trillion dollars of slightly used Greek and Italian credit default swaps. Merry Christmas!" by John Rubino
13 December 2011
China has displayed a ravaging appetite for the white metal over the past several years, changing from the suit of a net exporter to a net importer, and thereby increasing its significance in the market.
Declining Chinese Exports: Will It Impact Silver?
http://www.ibtimes.com/articles/266429/20111213/declining-chinese-exports-will-it-impact-silver.htm
http://www.ibtimes.com/articles/266429/20111213/declining-chinese-exports-will-it-impact-silver.htm
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