Monday, April 22, 2013

Gold Hits 30 Year Low - no just kidding

Although you wouldn't know if you only watched Reuters TV. They think gold has hit a 30 year low (it actually had the biggest fall in 30yrs, wiping off 2 yrs worth of rises), so Reuters are really asking you to believe that the spot price of gold is $500, as it was in April 1983.

To add insult to injury they go on to say the gold is no longer a safe haven (explain that to the ABC Bullion clients that queued for 2 hours to buy gold last week), but London property is even though it is at all time highs. But it gets better, you should buy Natural Gas (after it has recovered significantly from its lows), but then go onto explain that the supply is growing rapidly. But if that is not safe enough for you try Dairy, yes you will make a fortune selling milk and cheese to lactose intolerant Chinese and Japanese! although you might want to hedge that bet with shares in a toilet paper manufacturer. The best is kept for last, US T-bills at multi-generational highs they are surely the safest haven of them all.

The World of Synthetic Manufactured Terrorism

From TheAlexJonesChannel

Alan Greenspan on Share Market Price Propaganda

April 19 (Bloomberg) -- Alan Greenspan, former Federal Reserve chairman, speaks with Sara Eisen on the economic importance of the stock market and the reason for the recent market selloff. He speaks from the IMF World Bank Spring Meetings on Bloomberg Television's "Bloomberg Surveillance."

Truth About Markets

Max Keiser and Stacy Herbert with the Truth About Markets for Resonance 104.4 fm in London. They discuss the downgrade of UK debt by Fitch, the economic cost of shutting down Boston after the bombings and the cost of financial collapse in Ireland as more young men commit suicide.