Sunday, May 19, 2013

Clarke and Dawe - A Big Week in Publishing

From ClarkeAndDawe

Hong Kong Mercantile Exchange closes its doors

Yet again another paper gold exchange shafts clients with forced cash only settlements........

From The South China Morning Post

Article link

HKMEx chairman Barry Cheung Chun-yuen told the Sunday Morning Post that the decision to surrender the trading licence and not reopen for business tomorrow would have no impact on investors and that client contracts would be honoured.

"There is no question of not getting your money back or anything like that. People absolutely do not have to worry about that and I don't think they are.

"The only thing they will want to know is what settlement price will be used," Cheung said.

Gerald Celente on the Jeff Rense Show

If you want to hear more from Gerald go here for more from Jeff Rense go here

Keiser Report - Whimsical Price Tyranny

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the 'bonus benchmark.' In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation and about the intersection of interest rates and wages going back to David Ricardo when wages were measured against the price of bread to today when they are measured against the price of debt.

That's my kind of Duty Free shop

You need the Second to Protect the First

Piers Morgan of all people might actually have woken up. In this snippet of an interview with Penn Jillette, Piers bemoans that the US executive might be tyrannical for impinging on the 1st amendment (the freedom of the press) although I suspect he still has no problem with the executive impinging on the 2nd amendment.

As an aside Penn Jillette before getting to political commentary was one of the world's greatest illusionists, along with his partner Teller. You can view their work on youtube here

Happy Happy Joy Joy

Well after 10 days and no reply from either of them I am left to assume they are both happy with the RBA storing 99.9% of their gold at the Bonk of England. Although they might have also been busy with that budget nonsense. Please if anyone else wishes to ask the same question be my guest, if you get a response please leave a comment on this post. The link to the RBA gold story is: