Thursday, July 5, 2012

Stack the Head Smack

OK who just head crashed the SELL button on the Gold desk after briefly recovering from an Independence Day hangover?........stack the head smack?

chart from goldprice.org

Australia and China strike another nail into the US Dollar for Independence Day

Surprising it has taken this long to be considered officially, considering that China is Australia's largest trading partner.


From ABC Online

Original source

Australia is hoping to become the third country in the world to be able to directly convert its currency into Chinese yuan.

The Treasurer Wayne Swan will push the case at a currency forum in Hong Kong and during meetings with Chinese leaders in Beijing next week.

Analysts say Australia's push to directly convert its currency into yuan will make trade with China more efficient and will lower transaction costs, particularly for the country's big miners and importers.

ANZ currency strategist Andrew Salter says currently they have to go through the US dollar or Japanese yen first.

Read more

Capital Account with Jim Rogers

Jul 3, 2012 by

Matt Taibbi and Eliot Spitzer on the LIBOR manipulation

Keiser Report: Big guy 'scandals' vs small fry 'crimes'

Jul 3, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'scandals' for the big guys, 'crimes' for the small fry and they also examine, the worst businessman of the century. In the second half of the show Max talks to journalist and blogger, Teri Buhl of Teribuhl.com, about JP Morgan's $9 billion problem and the information about fraud that the SEC is currently sitting on.

Follow Max Keiser on Twitter: http://twitter.com/maxkeiser

The blogger is back

Hi all, sorry for having no new posts on the blog over the last few days. I had a few days off at Port Macquarie in an internet dead zone.

Hastings River, Port Macquarie, Northern NSW, Australia

Sunday, July 1, 2012

Keiser Report: Barclays' Bad Bet

Jun 30, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'big boys' and carding crimes, marmite pots and Olympic has-beens, wash trades and perfect games. In the second half of the show Max talks to former commodities analyst and blogger, Michael Krieger, about the meaning of the escalating and blatant financial crime wave.

Euro zone - The centralization battle rages on

Jun 30, 2012 by

In this edition of the show Max interviews Catherine Austin Fitts from Solari.com. She talks about the multiple debt plans; bailouts and funding facilities, attempting to hold the Euro zone together. Catherine Austin Fitts is the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC.

Happy Carbon Based Life Forms Tax Day

To all my fellow Australians a Happy Carbon Based Life Forms Tax Day!

My family and our two carbon based pets celebrated this momentous day by not heating our house and only using mercury vapour light emitting devices. It was a bit cool, but we were inspired by the much greater sacrifices that our comrades in Canberra were making, with the overnight temperature in Canberra falling to 1.6C and negative overnight temps predicted for the rest of the week.

I did a quick search on the net to see if any of our neigbours had also joined in the celebrations and found one of our nearest neigbours had lit a bonfire to celebrate our sacrifices.