Tuesday, October 25, 2011

The Hole in Europe’s Bucket

From The New York Times
By Paul Krugman

If it weren’t so tragic, the current European crisis would be funny, in a gallows-humor sort of way. For as one rescue plan after another falls flat, Europe’s Very Serious People — who are, if such a thing is possible, even more pompous and self-regarding than their American counterparts — just keep looking more and more ridiculous......read in full

Martin Armstrong - Is the Zurich Alleged Global Super-Entity Real?

click on the image to go thru to the report

Lest we Forget

I went to Martin Place today to see if there were any signs that the Occupy Sydney protest had ever existed. What I found was a wind and rain swept area devoid of any signs that a democracy movement had ever been there. The only visual reminders were 2 uniformed NSW police officers outside the front doors to The Reserve Bank and 60 Martin Place, the HQ of Westpac.

I took photos of the Commando Memorial (where the Occupy Sydney protest had been centered). Made me think what the commando's died for in WWII if not to uphold the right of the Australian people to take issue with the bank that financed the war they died in.

Commando Memorial in foreground, RBA behind

CrossTalk: Revolt Dot Com

by on Oct 24, 2011

Would there have been an Arab Spring without social media? How much do Egyptians owe to Facebook and Twitter? Have we seen a Twitter revolution or a people's revolution? And is calling it a Facebook revolution a good way to discredit people's ability to mobilize and push for reforms?

Jim Rickards - The Fed Manipulates Perceptions

Jim Rickards discusses the Fed's manipulation of perceptions of inflation and the resultant impact for the gold price going forward with Eric King of King World News.......listen here

Gold Climbs for Second Day as European Debt Crisis Concern Stokes Demand

From Bloomberg:
By Debarati Roy and Nicholas Larkin - Oct 25

Gold rose for a second straight session, tracking gains in others commodities, as renewed optimism for growth in China boosted prospects for raw-material demand.

The Standard & Poor’s GSCI Index of 24 raw materials climbed as much as 2.7 percent after reports showed China’s manufacturing may rise in October for the first time in four months. Gold also advanced on concern that U.S. monetary policy aimed at shoring up growth will spur inflation. Federal Reserve Vice Chairman Janet Yellen said on Oct. 21 that a third round of large-scale securities purchases may become warranted to boost the economy.

“Optimism about Chinese growth is pushing all commodities higher, including gold,” Fred Schoenstein, a trader at Heraeus Precious Metals Management in New York, said in a telephone interview. “Some people are also looking at it as a safe-haven investment.”.......read on