Saturday, June 9, 2012

Chris Duane - Bankers and Derivatives

Jun 7, 2012 by

Listening Post - Blowing the whistle on Obama's America

Jun 9, 2012 by

Keiser Report: Cuckoo Trading

A must watch Keiser Report, the best of the year, if not the last 12 months. Max's guest  brings up a topic I had not heard discussed before - French banks runs, falling withdrawal limits and "system outages". Coming from a mainframe computer background, working in the banking industry for over 20 years I know if several major banks are having regular system outages of several hours - they are not Outages they are Shutdowns to stem withdrawals of deposits. As Max's guest says these withdrawn funds are trying to flow into tangible assets. So this is why France on 1st September 2011 made it illegal for French bullion dealers to accept cash for precious metal purchases. All transactions for bullion must go through the French banking system via cheque, direct deposit or EFT. Read more here. It is all so clear now, I should have seen this was the reason much earlier. (shakes head and says loudly: "merde")


Jun 9, 2012 by In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'wash trades,' debt crises and the speculation on JP Morgan's growing debt problem in London. In the second half of the show Max talks to Pierre Jovanovic of about JP Morgan 'firing' the Vatican, whether or not Jamie Dimon will last the year and what the future holds for French bonds.

China after stronger ties with Iran

Jun 9, 2012 by
In Beijing, Chinese President Hu Jintao met his Iranian counterpart Mahmoud Ahmadinejad following the 2012 summit of the Shanghai Cooperation Organization, or SCO.

More Pain in Spain


Original source

Spain's credit rating was slashed by three notches on Thursday by Fitch, which signalled it could make further cuts as the cost of restructuring the country's troubled banking system spiralled and Greece's crisis deepened.

Fitch cut its rating on Spain's government debt by three notches to BBB and placed the country on 'negative outlook', meaning a further downgrade could come in coming months.

The new rating was Spain's lowest among the three main ratings agencies, and leaves it just two short of junk status, which would force many institutional investors to automatically dump Spanish assets.

"The negative outlook primarily reflects the risks associated with a further worsening of the euro zone crisis, notably contagion from the ongoing Greek crisis," the agency said in a release accompanying the downgrade.

Read more:

Capital Account with Gonzalo Lira

Jun 8, 2012 by

Paul Craig Roberts - Obama blames Europe for US economic problems

Jun 8, 2012 by
On Friday, President Obama gave a speech on the state of the US economy. Significant parts of his address, however, were dedicated to Europe. President Obama blamed the Euro crisis on many difficulties America is facing now. Is this fair that five months before the election, Obama is trying to shift the blame for the poor economic data overseas? Former Reagan administration official Dr. Paul Craig Roberts joins Abby Martin to discuss it.

Marc Faber - Bonds are the biggest bubble in history

Max and Hugo going Greek with Silver

As a result of an off-handed comment during an interview with Hugo Salians Price, Max, Stacy and Hugo have jumped in Hugo's jet and hit the airwaves in Athens.

David Morgan SILVER Economic INTERVIEW @ ‪Cambridge House‬

Jun 8, 2012 by‬ - World renowned silver expert David Morgan speaks to Cambridge House Live's Jonathan Roth at the June 2012 World Resource Investment Conference in Vancouver.