World War 3: the unthinkable cost of preserving the petrodollar

Sep 13, 2012 by Pistak Paisder

Jim Rogers on Citibank CEO resignation and Markets

Worshiping The Altar of Out of Control Authority

Oct 17, 2012 by TheAlexJonesChannel

Alex covers continued threats against Republican presidential candidate Mitt Romney. Having already threatened to riot if Obama is unsuccessful in securing a second term, Obama supporters are also flooding Twitter with threats to assassinate Mitt Romney if he wins the presidential election. He also covers the Pentagon's effort to exploit the Hollywood re-boot of Superman to introduce the world to the most expensive weapons program in human history, the new F-35 Joint Strike Fighter jet plane. Alex also covers the latest news on the international and home-front and takes your calls on today's worldwide broadcast.

http://www.infowars.com/
http://www.prisonplanet.tv/
http://twitter.com/#!/RealAlexJones
http://www.facebook.com/AlexanderEmerikJones

Defending QE3

Oct 16, 2012 by AdamKokesh

Australian Miners to face tougher times

Oct 17, 2012 by ReutersVideo
 

Australian Resources and Energy Minister Martin Ferguson talks about the end of the commodity price boom and how the country's miners will have adjust to tougher business conditions.

SilverMoneyFuture Interviews Ned Naylor-Leyland

Oct 12, 2012 by Silver Money Future

O'Byrne: Gold Price to Reach $2500 an Ounce in 2013

Mark O'Byrne, executive director at Goldcore Ltd., talks about his outlook for gold. He speaks on Bloomberg Television's "The Pulse."

Head Of Zimbabwe Central Bank Explains QE3

Via Chris Becker of Mises SA,

Gideon Gono, the governor of the Reserve Bank of Zimbabwe who destroyed the Zim dollar by creating hyperinflation, weighs in on the parallels between QE3 and the policy he followed last decade, in the RBZ’s mid-term 2012 monetary policy statement. Gono writes:

2.14 Within this context, the Government of Zimbabwe failed to meet fiscal obligations from budgetary allocations which were severely eroded by rising inflation. As such, the financing of recurrent and capital expenditures presented serious challenges to Government.

2.15 These negative developments threatened to bring the country’s social service delivery system and the economy at large to a complete halt, thereby further impoverishing the Zimbabwean people.

2.16 It is against this background that Government stepped in to save the situation through various interventions by the Reserve Bank of Zimbabwe.

2.17 These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently instituted in the US and the EU, were geared at evoking a positive supply response and arrest further economic decline.

But even still,

2.20 Despite numerous intervention measures undertaken by Government through the Reserve Bank of Zimbabwe, economic activity continued to decline progressively with inflation peaking at 231 million percent by July 2008. Other challenges that affected the economy include the following:

• Frequent power outages;
• Cash shortages;
• Acute foreign currency shortages;
• Skills flight;
• Vibrant parallel market for goods and foreign exchange;
• Erratic fuel supplies;
• Endemic speculative and rent seeking behaviour; and
• Rapid rise in production costs.

2.21 In addition to this compendium of challenges, the value of the local currency declined precipitously as speculative activities intensified. Against this background, transactions were increasingly undertaken in foreign currencies which were more stable and predictable.

Even though Ben Bernanke and Mario Draghi and all other central bankers will try to convince you that what they are doing are really different to what Gideon Gono did, you should really be taking Gideon Gono more seriously, who is basically admitting that the money printing strategy does not work to ‘stimulate’ growth. All it can stimulate are high and hyperinflation risks.

Brother JohnF - Calpers Capers

Oct 16, 2012 by BrotherJohnF

Breaking The Set - Crisis of Civilization, Gore for Peace, SERCO Owns the World

Oct 15, 2012 by breakingtheset