and while we are on a role
Friday, November 4, 2011
Weekend Chillout
With Greek PM George Papandreou dancing backwards and forwards between democracy and dictatorship this week I have been forced to bring out Zorba for this weekend's chillout.
Occupy Sydney: Update from The Supreme Court
I spoke to Tim today just before he recorded this video, a very intelligent and well meaning bloke. Good news about the planned rally.
By occupysydneymedia on Nov 4, 2011
By occupysydneymedia on Nov 4, 2011
Earlier today police withdrew an
application against Occupy Sydney that included 30 conditions to a
peaceful rally planned for Saturday November 5th. The conditions
demanded that the rally conclude by 4.30pm. Occupy Sydney agreed to
modify the route of the planned march to avoid Wynyard Park. Occupy
Sydney were represented pro-bono by Stuart Littlemore QC.
www.occupysydney.org.au
www.occupysydney.org.au
Occupy Sydney regroups
I came across a regrouped Occupy Sydney outside St James church in the CBD today. Whilst they were small in number they were very enthusiastic. Sadly they were matched in number by NSW Police, although the police were at least keeping a discreet distance, for the moment.
Jim Rickards on Bloomberg TV
Nov. 3 (Bloomberg) -- James Rickards, senior managing director of
Tangent Capital Partners, and Douglas Borthwick, managing director and
head of FX trading at Faros Trading, talk about the U.S dollar and
Treasuries, China's economy and the potential for intervention by the
Chinese government in the European sovereign-debt crisis.
He speaks with Pimm Fox on Bloomberg Television's "Taking Stock."
Goldman Sachs Protest Results in 17 Arrests
Occupy Wall Street Protesters in New York City set their sights on Goldman Sachs Thursday, holding a mock trial of the financial firm in Zuccotti Park.
The Class of 2011
Interesting to see Julia and the representative from Saudi Arabia dressed in Gold indicating they represent some of the few countries in the G20 that actually have any money left. Although Julia could have chosen a better partner to stand next to, at least she had enough sense to stand an arms length away from Berlusconi.
From: | Nov 3, 2011
From: | Nov 3, 2011
Barry arriving in "The Beast" and being greeted by Napoleon
ECB cuts rates
The new ECB president, Mario Draghi, on Thursday told journalists in a press conference in Frankfurt that growth is likely to remain weak due to the current financial tensions. He also announced a cut in the eurozone interest rates to 1.25%.
Mr. Draghi took over as the new ECB chief on the 1st of November, replacing Jean-Claude Trichet, who held the post for eight years.
Gold shines as Greek fortunes dim
Gold is trading up USD$20 on the back of the news of the Greek PM cancelling the referendum.
and as usual silver reacts like a spooked cat
Aussie$ bounces 2 cents on Greek abandonment of Democracy
"Risk trades" are back on now that the market is confident that Greece, whilst inventing Democracy is not inclined to use it anytime soon.
As a result the little Aussie battler has bounced 2 cents against the US$
As a result the little Aussie battler has bounced 2 cents against the US$
chart from xe.com
Greek PM scraps debt plan referendum
Best tweet on the announcement:
From The Herald Sun:
UPDATE 6.50am: GREEK Prime Minister George Papandreou has dramatically scrapped plans for a referendum on the proposed European bailout.
Mr Papandreou has been under intense pressure to stand down, after a split emerged in his government over the plans to hold a public vote on the rescue deal.
The American-born premier is not intending to quit, and will instead hold talks with the opposition over their calls for a transitional government and early elections.
"The referendum was never an end in itself," Mr Papandreou told an emergency meeting of his cabinet. "We had a dilemma - either true assent or a referendum. I said yesterday, if the assent were there, we would not need a referendum."
Mr Papandreou announced the referendum late Monday, surprising his Socialist party colleagues, eurozone governments and investors.
The news spooked markets around the world........read on
UPDATE 6.50am: GREEK Prime Minister George Papandreou has dramatically scrapped plans for a referendum on the proposed European bailout.
Mr Papandreou has been under intense pressure to stand down, after a split emerged in his government over the plans to hold a public vote on the rescue deal.
The American-born premier is not intending to quit, and will instead hold talks with the opposition over their calls for a transitional government and early elections.
"The referendum was never an end in itself," Mr Papandreou told an emergency meeting of his cabinet. "We had a dilemma - either true assent or a referendum. I said yesterday, if the assent were there, we would not need a referendum."
Mr Papandreou announced the referendum late Monday, surprising his Socialist party colleagues, eurozone governments and investors.
The news spooked markets around the world........read on
Keiser Report: Make Love, Not Debt
By RussiaToday on Nov 3, 2011
This week Max Keiser and co-host, Stacy Herbert, discuss the new world order in which we're all Greeks because we didn't see the signs in 1969 - "Make Love, Not Debt." In the second half of the show, Max Keiser interviews Birgitta Jonsdottir, about the true state of transparency, banking and economy in the latest IMF poster child, Iceland.
This week Max Keiser and co-host, Stacy Herbert, discuss the new world order in which we're all Greeks because we didn't see the signs in 1969 - "Make Love, Not Debt." In the second half of the show, Max Keiser interviews Birgitta Jonsdottir, about the true state of transparency, banking and economy in the latest IMF poster child, Iceland.
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