Gerald Celente breaks down the con job of Central Banks US$ swap lines and other devious acts with Eric King of King World News.......listen here
Friday, December 2, 2011
Gerald Celente on Central Bank back door deals
Gerald Celente breaks down the con job of Central Banks US$ swap lines and other devious acts with Eric King of King World News.......listen here
Gold, Europe and the possibility of a euro break up
The Silver Market Psychology & Inflation
By silverguru
on Nov 29, 2011
http://Silver-Investor.com
A look at the silver market, focusing on supply and demand, psychology, and inflation.
A look at the silver market, focusing on supply and demand, psychology, and inflation.
Quote of the week
"I am convinced that there are more threats to American liberty within the 10 mile radius of my office on Capitol Hill than there are on the rest of the globe." - Ron Paul
China battles economic slowdown
New figures show that China's manufacturing sector shrank in November for the first time since February 2009.
Vice-Finance Minister Zhu Guangyao has said the world's economic troubles today are more serious than the Lehman Brothers crash of 2008.
Vice-Finance Minister Zhu Guangyao has said the world's economic troubles today are more serious than the Lehman Brothers crash of 2008.
EU can kicking
By David Milliken and Marc Jones
LONDON/FRANKFURT — Britain masterminded this week’s central bank effort to avert a liquidity crunch, its central bank chief said on Thursday, laying claim to the genesis of a plan that began to take shape around 10 days ago and was ready by the weekend.
Bank of England governor Mervyn King said he instigated the move by the central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland to provide cheaper dollar funding for starved European banks, which provided a longed-for fillip to market sentiment.
“It was the result of conversations which I initiated as chairman of what used to be known as the G10 governors, now the economic consultative committee, among a limited number of central banks,” he told a news conference in London.
“But let me stress, this cannot be a solution to the underlying crisis, all this can do, is to help temporarily relieve liquidity problems. But liquidity problems, often, reflect underlying solvency problems and in this case they do.”........read on
Just a day before the next Lehman-style collapse?
The last time the Fed organized a global financial market reflation using dollar swaps on the scale it did this week was on September 20th 2008 just two days before the final collapse of Lehman Brothers when its Chapter 11 bankruptcy fell apart.
There is therefore a sense of deja-vu all over again about the Fed’s coordinated bailout of the eurozone on Wednesday. We just wonder who will go under on Friday?
Big fish
Market speculation yesterday was that the action came because a French bank was about to become insolvent. Yet we did not get this sort of move before Dexia or MF Global collapsed recently so the guessing must be that this is something bigger. Is this Greece about to finally default?.....read on
Keiser Report: Überdebten
By RussiaToday
on Dec 1, 2011
This week Max Keiser and co-host, Stacy Herbert, discuss Überdebten, financial eugenics and secret Fed loans. In the second half of the show, Max talks to Karl Denninger about MF Global, pepper spraying banksters and Occupy Wall Street.
This week Max Keiser and co-host, Stacy Herbert, discuss Überdebten, financial eugenics and secret Fed loans. In the second half of the show, Max talks to Karl Denninger about MF Global, pepper spraying banksters and Occupy Wall Street.
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