People are rising up against the authorities all around the world. Is this a crisis of the current political and economic system? What do these protests have in common? Is it democracy in action? Or is it all just an unwillingness to accept the new challenges new generations face? And can the government actually meet their demands? CrossTalking with Pepe Escobar, Richard Sennett and Ambassador Terry Miller.
Tuesday, October 18, 2011
CrossTalk: Occupy Globe
People are rising up against the authorities all around the world. Is this a crisis of the current political and economic system? What do these protests have in common? Is it democracy in action? Or is it all just an unwillingness to accept the new challenges new generations face? And can the government actually meet their demands? CrossTalking with Pepe Escobar, Richard Sennett and Ambassador Terry Miller.
Global Debt calculator
An amazing global debt calculator on the Economist website.Click here or on the image to go to the calculator.
HKG Trading Gold in Renminbi
By Nick FergusonFinance Asia, Hong Kong
Monday, October 17, 2011
http://www.financeasia.com/News/276911,hong-kong-starts-trading-gold-in-...
Hong Kong's Chinese Gold & Silver Exchange Society officially starts trading gold denominated in renminbi today, in a bid to attract the HK$600 billion of Chinese currency sitting on deposit in the city’s banks.
Haywood Cheung, president of the 101-year-old bullion exchange, said the so-called Renminbi Kilobar Gold contracts could boost trading volumes by up to 30%, or HK$40 billion a day, during the next six months. Growth has already been strong this year, with average daily electronic transactions reaching HK$136 billion after a full-year average of just HK$31 billion in 2010.
"By attracting both local and international investors, the Renminbi Kilobar Gold is a significant step towards internationalising the renminbi," said Cheung. "It also consolidates Hong Kong's position as an offshore renminbi centre by providing investors with a new alternative in leveraged trading of renminbi."
Investors who choose to convert their renminbi bank deposits into the new gold contracts can gear up their exposure to the currency by as much as 25 times. During a visit to the exchange on Friday, Cheung told FinanceAsia that this ability to use leverage will prove attractive to investors, who until now have lacked opportunities to put their renminbi to work.
It also helps that gold and renminbi are both headline-grabbing investment trends. Cheung reckons they still offer value, arguing that gold is just half-way through a 10 to 15-year bull cycle and that renminbi will appreciate by 5% to 6% a year before it becomes freely convertible. That is an appealing proposition compared to moribund returns on bank deposits......read in full
Monday, October 17, 2011
Jim Rickards - 'It all comes back to Gold'
Robert Arnott interviewed
A Great Investor
and Financial Thought Leader! Research Affiliates Founder and Chairman
Robert Arnott has pioneered several investment products which outperform
markets with less than market risk. He?ll discuss his current strategy
for these volatile times.
Martin Armstrong interviewed on KWN
Situation normal in Patsyville
US President Barack
Obama says he will seek the toughest sanctions possible against Iran
over an alleged plot to assassinate the Saudi Arabian Ambassador to the
US.
But Iran's supreme leader, Ayatollah Ali Khamenei, says "the west is repeating its mindless and ineffective plots to undermine Iran's increasing power in the region."
But Iran's supreme leader, Ayatollah Ali Khamenei, says "the west is repeating its mindless and ineffective plots to undermine Iran's increasing power in the region."
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