This week marks the second anniversary of this blog. I wish to thank all the readers over that time, running at more than 500 each day at the moment. I never thought I would have such a loyal audience or end up posting 5,300 articles and videos in that time.
I just had a look back over the first weeks posts on this blog and I think this one is the best and still very topical.
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With a stagflating USA and a collapsing EU the world will start to take increasing notice of what happens in the only remaining engine of growth - China. I wonder when the rest of the world notice what the people in China are doing - they are voting with their wallets and purses and their only candidates are Gold & Silver.
With the breakdown of the European banking system I thought it timely to post a video on surviving the coming collapse.
As an aside I conducted a training session for the staff at ABC Bullion last week on the anatomy of a bank run, the types and the current form in Greece, Spain and France. This led into a general discussion of fractional reserve banking, at the end of the session one of the sales girls said "...but if that was going to happen in Australia wouldn't the government warn us?" My South African manager and I turned to face her and involuntarily burst out laughing (S.Africans and Australians are not noted for our subtlety) and said in unison "That is the last thing they would do!", I added "in fact they would say everything was fine, don't panic and so forth until the whole system crashed - think Baghdad Bob and you will get the picture"
There are two types of people in this world:
Those who learn from history and take what measures they can to protect themselves from risks.
Those who it sit struck dumb like a kangaroo in the headlights waiting for the semi to hit them.
The unthinkable looks possible: a global financial crisis reminiscent of the one in 2008: A full-blown crisis to start in Greece, quickly move to the rest of Europe and then hit the US. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would uncover losses on complex trades. In this news analysis, we will find out how likely a possibility this would be.
Open for more than ten years, the Guantanamo Bay detention camp appears to be in limbo. The deadline set by President Obama to close it came and went two years ago, but no detainee has left in a year.
In this episode, Max Keiser and co-host, Stacy Herbert, discuss Libor traders who rigged global interest rate market escaping charges while Iceland sentences bankers to four year prison terms. At the same time, Iceland's central bank is raising interest rates to deal with a growing economy while Western bankster-riddled economies prepare for another round of money printing to deal with all the fraud. In the second half of the show Max talks to Brett Scott about financial activism, a Wikileaks for finance and collaboration with hedge funds.
