Monday, August 1, 2011

Gold will always remain a tresure

From The New York Times:

THIRUVANANTHAPURAM, India — What should India, rising but still plagued by poverty, do with a newly discovered treasure of gold coins, statues and jewels in the vault of a Hindu temple, valued at some $22 billion?

The treasure discovered in the Sri Padmanabhaswamy temple, in India, has brought various suggestions for its use. Suggestions are pouring in from across the country and the world. Some say it should be used to establish universities and colleges. The man who brought the court case that resulted in the unveiling wants it handed over to the Kerala state government. Others want a subway system.

But here in Thiruvananthapuram, the capital of Kerala formerly known as Trivandrum, many people — including the state’s top elected official, Hindus and the royal family that once ruled this part of India and still oversees the temple — argue that the treasure should remain, largely untouched, at the Sri Padmanabhaswamy temple where it has been housed for centuries.

Their attitude partly reflects a suspicion that public officials entrusted with large sums of money will pocket much of it and mismanage the rest. Recent scandals, including one involving telecom licenses that cost the government an estimated $40 billion, have reinforced that cynicism.


Senate is standing by on U.S. debt vote


Puru Saxena - U.S. Doesn't Deserve Triple-A Credit Rating

by on Jul 29, 2011

Puru Saxena discusses the U.S. debt crisis and expresses his surprise over the fact that the U.S.'s debt rating has not already been down graded. He also discusses the recent bit of strength seen in the U.S. dollar, and shares with us his recommended strategy for this particular investment climate.


Sunday, July 31, 2011

Priceless Walmart moment


Stalemate in Washington as clock ticks

From: Euronews | Jul 31, 2011

Less than 24 hours after the US Senate rejected a Republican plan to end the country's debt stalemate, the House has returned the favour, throwing out a Democrat bill.

Optimists say this opens the way for real negotiations to avoid a catastrophic default.

But frustration is clearly growing.

Democratic Representative Sander Levin commented to the House: "This is a disgraceful moment. What you're doing with this bill is to undermine thew chances for compromise. That's what you're doing."


Press TV - World News with a difference


On The Edge - The Pan Asian Gold Exchange

by on Jul 30, 2011

http://www.presstv.com/Program/191483.html

In this edition of On the Edge, Max Keiser interviews Ned Naylor-Leyland from Cheviot Asset Management about the new Pan Asian Gold Exchange (PAGE), and what it means for global currency and commodities markets.


David Morgan: Silver, Gold And The US Dollar


Is the US just a series of loosely co-joined holes?


Max Keiser: 'America will lose its sovereignty'