Thursday, November 29, 2012

Juerg Kiener on Gold

TUE 27 NOV 12 | 05:40 PM ET

Juerg Kiener, MD & CIO, Swiss Asia Capital, says that huge derivatives positions are currently capping gold prices but explains why the bullion will soon break to the upside.

Gangnam Style - O'Reilly's Racist, Confused Analysis

Some afternoon humour.

Nov 28, 2012 by TheYoungTurks

"Bill O'Reilly is really befuddled by the popularity of "Gangnam Style" — so befuddled that he brought controversial Fox News psychiatrist Keith Ablow on for an existential discussion about the viral sensation on Tuesday.

Missiles give Syrian rebels a potent sting

Nov 28, 2012 by Euronews In Syria, rebels fighting to overthrow President Bashar al-Assad have shot down a government fighter jet 30 kilometres from Aleppo.

QE4, A Done Deal?

Insanity: doing the same thing over and over again and expecting different results. Albert Einstein

WED 28 NOV 12 | 05:15 PM ET
Peter Boockvar, Equity Strategist & Portfolio Manager, Miller Tabak & Company says as long as the economy remains sluggish, the central bank will continue to print money.

ANZ - Middle East Tops Business Concerns

Has Warren finally lost it?

And I thought Warren was a moron when he sold his huge silver investment at $7/oz now this recommendation for Jamie Dimon as treasury secretary has confirmed it for me.

Nov. 27 (Bloomberg) -- Berkshire Hathaway Inc. chairman and CEO Warren Buffett discusses the fiscal cliff and who gets his vote to be the next United States Treasury Secretary.

Banking Innovation coming from the East

I remember when the Australian Banking industry was bleeding edge, leading the world with ATM and POS rollouts, but that was a long time ago, now Dubai is making our banks look like dinosaurs.

Max does Westminster

Nov 26, 2012 by Jeff Angel

"MAX DOES WESTMINSTER." Directed & Edited by Jeff Angel and featuring Max Keiser and George Galloway.

New Sanctions To End "Turkey's Game Of Gold For Natural Gas"


Original source

Currency wars are set to intensify as the US Senate is considering new sanctions against Iran that would prevent Iran getting paid for its natural resource exports in gold bullion.

The new sanctions aimed at reducing global trade with Iran in the energy, shipping and precious metals sectors may soon be considered by the U.S. Senate as part of an annual defense policy bill, senators and aides said on Tuesday, according to Reuters.

The sanctions would end "Turkey's game of gold for natural gas," Reuters reported a senior Senate aide as saying, referring to reports that Turkey has been paying for natural gas with gold due to sanctions rules.

The legislation "would bring economic sanctions on Iran near de facto trade embargo levels with the hope of speeding up the date by which Iran's economy will collapse," the aide said.

Last week Turkish Deputy Prime Minister Ali Babacan has revealed a critical detail about a widely discussed Turkey-Iran gold trade boom, disclosing that the Islamic republic was exporting gas to Turkey in exchange for payment in gold bullion.

It is also reported that Iranians are buying Turkish gold with the Turkish Lira, which is deposited into their bank accounts in exchange for Turkey’s natural gas purchases, the deputy prime minister said at midnight Nov. 22 during a parliamentary session.

Iran cannot transfer monetary payments to Iran in U.S. dollars due to U.S sanctions against the country’s alleged nuclear weapons program.

Iran has been forced to shun the international financial system and the petrodollar as means of payment and turn to the international gold market to ensure it gets paid for its natural resources in order to prevent absolute economic collapse.

The law of unintended consequences may apply here and should the Iranian currency and economy collapse there is likely to be a war with Israel and turbulence in the Middle East akin to, if not worse, than that seen in the 1970’s.

Gerald Celente - WHDT Reality Report

Nov 28, 2012 by trendsjournal

'Cablegate' - Assange's WikiLeaks legacy

Nov 28, 2012 by RTAmerica

It has nearly been six months since WikiLeaks founder Julian Assange has been protected from political persecution in the Ecuadorian Embassy in London. Ecuador granted Assange asylum for his involvement in "Cablegate" which exposed the corruption of governments across the globe, but the whistleblower has been held at a standstill due to the threat of arrest if he were to step foot outside the facility. RT's Laura Smith brings us the latest from London on Assange's case.

Capital Account - Why Nations Fail and Robber Barons Succeed

Nov 28, 2012 by CapitalAccount

James Turk on Dematerialising Gold

James Turk discusses the Indian governments attempt to dematerialising gold and its historical similarity to the creation of SDR's. Listen to the KWN interview here