Sunday, June 29, 2014
Saturday, June 28, 2014
Weekend Chillout - Of Sweet Dreams and Zombies
They are in the forest with strap-on harps and wearing FMBs, and yes Basil they are twins, twins!!
Friday, June 27, 2014
Keiser Report - More Tickie than Shirtie
From RT
Published on Jun 26, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss American corporations fleeing the USA for lower tax, higher wage areas abroad - like Ireland and the UK. They discuss the one single ton of aluminum that could be the collateral for tens of millions of pounds worth of properties and passports in the UK. When the banks go to collect on the collateral, all they will find is a pair of crickets in the corner. In the second half, Max interviews Ronnie Moas of PhilanthropyAndPhilosophy.com about blacklisting and boycotting 'bad' companies.
Published on Jun 26, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss American corporations fleeing the USA for lower tax, higher wage areas abroad - like Ireland and the UK. They discuss the one single ton of aluminum that could be the collateral for tens of millions of pounds worth of properties and passports in the UK. When the banks go to collect on the collateral, all they will find is a pair of crickets in the corner. In the second half, Max interviews Ronnie Moas of PhilanthropyAndPhilosophy.com about blacklisting and boycotting 'bad' companies.
Thursday, June 26, 2014
Gold is money, just ask a Turk
From Zerohedge.com
While Ben Bernanke once said that "gold is not money", it appears China, Dubai, and most especially Turkey and Iran would disagree. On the heels of the "Petrogold" wars we discussed previously, a leaked report of a secret plot to 'juice' Turkey's trade balance exposes gold at the heart of "one of the most complex illicit finance schemes [prosecutors] have seen." read more
Doug Casey: Greatest Theft in World History Occurring Right Now
From WallStForMainSt
Published on Jun 20, 2014
Wall St for Main St interviewed entrepreneur and founder of Casey Research, Doug Casey. In this podcast, we discussed the IMF, World Bank and Federal Reserve and the harm they have done to the global economy. Doug thinks foreign aids does not stimulate the economy or even improve it because the bureaucrats and politicians usually pocket the aids to their swiss account. Also, we talked about Africa and why it is a great place for young entrepreneurs to strive. Finally, we touched the gold and silver market and the mining stocks.
Published on Jun 20, 2014
Wall St for Main St interviewed entrepreneur and founder of Casey Research, Doug Casey. In this podcast, we discussed the IMF, World Bank and Federal Reserve and the harm they have done to the global economy. Doug thinks foreign aids does not stimulate the economy or even improve it because the bureaucrats and politicians usually pocket the aids to their swiss account. Also, we talked about Africa and why it is a great place for young entrepreneurs to strive. Finally, we touched the gold and silver market and the mining stocks.
Tuesday, June 24, 2014
Germany Reneges on Promise to Return Gold from NY Fed
Overnight news has broken that the German government has reneged on it its twice promised and twice alerted plan to move 300 tons of gold from its holdings in the New York Federal reserve to the Bundesbank vault in Frankfurt.
For background on this story see my earlier posts here and here
From Bloomberg.com
Article link
By Birgit Jennen - Jun 23, 2014
Germany has decided its gold is safe in American hands.
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together.
The Bundesbank, Germany’s central bank, sent a delegation to the New York Fed’s vault in 2012 for spot checks on the hoard. As the gold’s guardian, the Frankfurt-based Bundesbank is obliged to ensure its safety. It says it’s sensible to store part of the reserves outside the country so they can be swapped more easily for foreign currency in an emergency.
Germany’s election in September hastened the shift when the Free Democratic Party, which flirted with bringing the gold home, dropped out of Merkel’s coalition and was replaced by the Social Democrats. Other supporters included Philipp Missfelder, a member of Merkel’s Christian Democratic Union who quit as her government’s envoy for relations with the U.S. in April. Juergen Hardt, his successor, signaled a change of position.
Read more
So it seems that this display of gold bars by the Bundesbank was just a three bar monty.
At least the guys the loading dock of the NY Fed seem happy, the red light is on and they are giving Germany a good Rock On.
For background on this story see my earlier posts here and here
From Bloomberg.com
Article link
By Birgit Jennen - Jun 23, 2014
Germany has decided its gold is safe in American hands.
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
“The Americans are taking good care of our gold,” Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc in parliament, said in an interview. “Objectively, there’s absolutely no reason for mistrust.”
Ending talk of repatriating the world’s second-biggest gold reserves removes a potential irritant in U.S.-German relations. It’s also a rebuff to critics including the anti-euro Alternative for Germany party, which says all the gold should return to Frankfurt so it can’t be impounded to blackmail Germany into keeping the currency union together.
The Bundesbank, Germany’s central bank, sent a delegation to the New York Fed’s vault in 2012 for spot checks on the hoard. As the gold’s guardian, the Frankfurt-based Bundesbank is obliged to ensure its safety. It says it’s sensible to store part of the reserves outside the country so they can be swapped more easily for foreign currency in an emergency.
Germany’s election in September hastened the shift when the Free Democratic Party, which flirted with bringing the gold home, dropped out of Merkel’s coalition and was replaced by the Social Democrats. Other supporters included Philipp Missfelder, a member of Merkel’s Christian Democratic Union who quit as her government’s envoy for relations with the U.S. in April. Juergen Hardt, his successor, signaled a change of position.
Read more
So it seems that this display of gold bars by the Bundesbank was just a three bar monty.
At least the guys the loading dock of the NY Fed seem happy, the red light is on and they are giving Germany a good Rock On.
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