Weekend Chillout - Weeping for you

This week's chillout is dedicated to all those Gold and Silver bugs who are kicking themselves for waiting to buy silver at less than $26 and gold below $1500. I tried to find a little violin for you but actually found something better :-)

Eurozone Crisis Goes Critical - Germany's Turn?

Sep 7, 2012 by TheBigPictureRT
 

Professor Max Fraad Wolff, Economist/Instructor, New School University joins Thom Hartmann. A new report by the Organization for Economic Cooperation and Development warned that the German economy could sink into a recession during the second half of this year. Germany's is the biggest economy in the Eurozone, and has largely been spared from the debt crisis that is dragging other nations like Greece, Portugal, Spain, and Italy into economic ruin. But this report suggests that it's just a matter of time before Germany, too, starts to go under - signaling that the Eurozone crisis is reaching a new stage - where even the strong can't survive. News of Germany's woes comes on the heels of a decision by the European Central Bank to buy bonds in struggling Eurozone nations to ease the debt crisis. So what can we expect to come out of Europe in the next few weeks and months that could have a serious affect on the US economy?

Disastrous job report will lead to QE3?

Is there such a thing as too much Lauren?

Sep 7, 2012 by RTAmerica

Capital Account - Mixing Oil and Water with Lindsay Hall and Stephen Leeb

Sep 7, 2012 by CapitalAccount

CPM's Jeff Christian Comments On Return to Gold Standard

Poor Jeff after all these years (I once picked up a book in flea market published in the early nineties quoting Jeff as a "guru") still hasn't worked out the difference between Money and a Currency. I'll keep it simple for you Jeff; Money is a durable item that as accepted by the market place as a store of value; a Currency is an abstract (sometimes represented by pieces of paper or polymer) that is accepted by the market place as facilitator for the exchange of goods, services and in the recording of accounts. They have different purposes and perform poorly for uses they were not intended.

Although I do agree with Jeff, Gold Standards don't work as they are run by governments and not the market. The only gold and silver standard that would ever work is a system of coins and units of account denoted in grams of fine metal instead of coins stamped with a currency value or accounts settled in a currency designation.

Friday's Big Gold & Silver Move

Sep 7, 2012 by KitcoNews