Trade Wars Final Nail in Coffin

From the Daily Bell: The vanishing American consumer and the coming trade war ... With American consumers pulling back, these other economies have also been slowing down. This means Obama won't easily find the export markets they need to create enough jobs to make up for the vanishing American consumer. President Barack Obama speaks about exports, jobs, and the economy, Wednesday, July 7, 2010, in the East Room of the White House in Washington. President Obama has vowed to double U.S. exports within the next five years. That's because exports are critical for rebooting the American economy. It's clear American consumers can't get the economy going on their own. They can't restart the jobs machine. They've run out of money and credit. It's not just that one out of four Americans is unemployed or underemployed (working part-time, overqualified, or at a lower wage than before). More significantly, the Great Recession burst the housing bubble that had let American consumers turn their homes into ATMs. Now the cash machines are closed.....read on

The Insidious Transformation of Markets into Casinos... How Brokers Became Bookies

By Ellen Brown: "You all are the house, you're the bookie. [Your clients] are booking their bets with you. I don't know why we need to dress it up. It's a bet." - Senator Claire McCaskill, Senate Subcommittee investigating Goldman Sachs (Washington Post, April 27, 2010).......read on

The End-Game and The Illusory Gold Bubble

By Darryl Robert Schoon: When the end-game began, gold was $35 per ounce. Today, gold is $1200. When the end-game is over, gold will be far higher.idway through 2010 we are approaching the end of the end-game, the resolution of the monetary imbalances that began in 1971. For more than 2500 years, gold was money: but, in 1971 that changed. After 1971, money was no longer connected to gold. For the first time in history, money had no intrinsic value.......read on

Truth about Markets - New Zealand

Max & Stacy discuss:
- anti-whaling movement and the success of economic actions taken.
- the US spy agencies given access to the banking system SWIFT.
- internet social networking and virtual currencies.
- false flag cyber attacks.
- the strength of the Australian & Canadian dollars

........listen here

Gold: Barbarous Relic or Life Saver for the People?

Brilliant Video detailing life and death in Zimbabwe. Life is given by Gold, death comes to those without Gold. Is this why God decreed Gold & Silver as Money?
Note: Every man-made currency pretending to be money has failed eventually, all 3800 of them since 407BC.

Chinese rating agency strips Western nations of AAA status

From the UK Telegraph: China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.....read on

The Keiser Report

Latest Keiser Report looks at the latest scandals of IMF forecasts and commercial banks pawning their nations’ gold reserves to the BIS. In the second half of the show, Max interviews Karl Denninger about market manipulation and flash crashes.....watch here

Staggering Stats About Silver Supply

By The Mogambo Guru: ......Other interesting facts are that by 2008 worldwide demand for silver was about 900 million ounces a year, having grown by an average of 19.5 million ounces a year for the previous five years, while supply from mining and scrap was only 858.5 million ounces and growing at only 2.2% a year, meaning that supply was being outstripped by over 40 million ounces per year the whole time!

If that is not enough of a supply/demand imbalance to make you jump to your feet in eagerness to buy silver, longer-term it gets more interesting, because "in 1900 there were 12 billion ounces of silver in the world. By 1990, that figure had been reduced to around 2.2 billion ounces," and now "today, there are less than 1 billion ounces in above-ground refined silver.".....read on

Moody's downgrades Portugal's debt rating

LISBON, Portugal — Moody's credit rating agency downgraded Portugal's debt on Tuesday, casting fresh doubt on the country's ability to weather its debt crisis as the economy weakens.

Moody's Investors Service cut Portugal's government bond ratings to A1 from Aa2. The move deepens the country's financial woes because foreign lenders will likely demand higher interest returns for the risk of loaning it money.....read on

Bear Market Bounce

By Warren Bevan: Equity markets throughout most of the world rebounded very nicely this past week retracing roughly half the past two weeks of declines. This is how bear markets work, they take two steps down, and one step back up. It's exactly the inverse of a bull market.

The weakness we are once again becoming accustomed to should resume early in the week. While it's no fun, it must be accepted that the primary trend is lower now for equity markets.....read on