Friday, April 25, 2014

Gold Prices Possibly Manipulated For a Decade

No shit Sherlock, what bit of "the fix" didn't you get before now?

From Kitco NEWS

Cold War II Heats Up with S&P Downgrading Russian Currency Rating

MOSCOW, April 25 (Reuters) - Credit agency Standard & Poor's cut Russia's foreign currency ratings on Friday, saying further downgrades were possible if the West imposed tighter sanctions against Moscow in response to the crisis in Ukraine.

Moscow said politics had played a role in the downgrade, the first by a major agency since Russia seized Crimea from Ukraine in March and leaving the S&P rating just one notch above junk status.

Foreign investors have been pulling money out of Russia since the country's economy hit the rails last year, a process that has intensified along with western concerns about Ukraine.

S&P said outflows might now speed up further.

"The tense geopolitical situation between Russia and Ukraine could see additional significant outflows of both foreign and domestic capital from the Russian economy and hence further undermine already weakening growth prospects," the agency said in a statement.

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Weekend Chillout - Getting Left Behind

With stats of the US shipping 57 tons of gold to China in January (suck that up Germany at 5mt in one year!), it seems the West is defiantly being left behind when it comes to stacking the yellow stuff.

Keiser Report: Zombie Banks, Debt Schools

From RT

Published on Apr 24, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how with a university education, one may steal the whole railroad but will also leave the student heavily in debt with tumbling starting salaries. In the second half, Max interviews Jan Skoyles about China's gold, international payment systems, bail-ins and Getting REAL.

Lest We Forget

Today Australia and New Zealand commemorates ANAZC Day. On this day we recognize the ultimate sacrifices that Aussies and Kiwis paid fighting shoulder to shoulder in thousands of pointless campaigns, where "our" men fought "their" men for the enrichment of the same elite. The wars may have been pointless but their sacrifices for each other were not. Lest we forget.