Tuesday, August 21, 2012

Greece in diplomatic talks amid Euro exit fears

Aug 21, 2012 by

As European leaders slowly return from their summer break, Greece is at the center of the European stage yet again. Athens is expected this week to ask for two extra years to meet its deficit targets. The idea however hasn't gone down well amongst international creditors, who are due to release a 30 bn euro loan as early as next month in order to save Greece from defaulting.

Is It Time for Obama to Go?

Video link in case the embedded video fails

Gold Could Hit $1,700 in the Next 3 Months

MON 20 AUG 12 | 07:50 PM ET

Gary Dugan, CIO, Asia & Middle East at Coutts says gold prices could comfortably hit $1,900-2,000/oz if there's an absolute collapse in Europe. He recommends investors to have a 5-7% strategic holding in gold.  Video link in case embedded video fails

Did Establishment Media Reveal an End of The Obama Era?

Aug 20, 2012 by TheAlexJonesChannel

On the Monday, August 20 session of Infowars Live, Alex Jones blasts through important news items, including information uncovered by an FOIA request revealing the Department of Homeland Security's watchful eye is fixed squarely on Alex, Infowars stories and even user comments, news that an eyewitness from the Century 16 theater in Aurora heard an alarm that fateful night warning "murder in the theater," the FBI's Counterterrorism Analysis Section report specifically labeling constitutionalists as terrorists, and news that Lord Jacob Rothschild has essentially placed a $200 million dollar bet that the Euro will soon collapse. Alex will further break down the imminent economic collapse and give tips on how to prepare for it.

Egon von Greyerz on the Gold market, China and Euro Zone

Egon von Greyerz will be one of the headline speakers at The Gold Symposium in Sydney 22 - 23 October 2012. Egon discusses the current state of the gold market, China's accelerated gold buying and the issues in the Euro zone with Eric King of King World News. Listen to the interview here

Bookings and details for The Gold Symposium are available here

Shhhh…It’s Even Worse Than The Great Depression

By Mark McHugh from Across the Street

According to Wikipedia, Narcissistic personality disorder (NPD) affects one percent of the population and has little to do with looking at yourself in the mirror. It has a lot to do with unrealistic fantasies of success, power and intelligence. Some NPD sufferers become cult leaders or mass murderers, the rest become economists and policy-makers. Despite having a highly elevated sense of self-worth, narcissists have fragile self-esteem and handle criticism unpredictably, so let’s keep this to ourselves….

Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). In a healthy economy, the same dollar is collected as payment and subsequently spent many times over. In a depression, the velocity of money goes catatonic. Velocity of money is calculated by simply dividing GDP by a given money supply. This VoM chart using monetary base should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:

Keep Calm and Carry On

In the current uncertain times this advice is just as timely now as it was in the 1940's.

Aug 20, 2012 by AlJazeeraEnglish

Peter Hug on the Gold and Silver market

Aug 20, 2012 by KitcoNews

Silver closes above $28 on a whiff of QE3

The silver price closed on the New York COMEX overnight at $28.59 but on thin summer volume. No market events that I could see to trigger this rise but the minutes of the last FOMC meeting are due out this Wednesday (US time) and this may have caused some to speculate on The Fed posturing towards a QE3 announcement prior to the November Presidential elections.

For those that who aren't sure what QE3 entails, John Clack and Brian Dawe break it down well in this video:

SA Platinum mine extends strikers' deadline

Aug 20, 2012 by AlJazeeraEnglish

Striking workers at the South Africa platinum mine where 44 people were killed in a week of violence have been given another 24 hours to return to work, while 259 arrested strikers have appeared in court for the first time.

War Crimes in Syria with George Galloway

Aug 20, 2012 by

Libya update

Aug 20, 2012 by