Friday, January 30, 2015
Thursday, January 29, 2015
Wednesday, January 28, 2015
Tuesday, January 27, 2015
Keiser Report: Markets Mind Carnage
From RT
Published on Jan 24, 2015
In this Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss mind carnage in the markets as price discovery goes astray due to market intervention, and the rise of vigilante groups around the world looking for Rolex watch and Gucci belt wearing politicians.
In the second half, Max interviews businessman, radio show host and anarchist, Jeff Berwick, about becoming a taxpayer, living in Mexico as a tourist and the ending of the drug wars.
Published on Jan 24, 2015
In this Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss mind carnage in the markets as price discovery goes astray due to market intervention, and the rise of vigilante groups around the world looking for Rolex watch and Gucci belt wearing politicians.
In the second half, Max interviews businessman, radio show host and anarchist, Jeff Berwick, about becoming a taxpayer, living in Mexico as a tourist and the ending of the drug wars.
Monday, January 26, 2015
Sunday, January 25, 2015
Quote of the Week
It is not death that a man should fear, but he should fear never beginning to live ~ Marcus Aurelius
Saturday, January 24, 2015
Weekend Chillout - My Baby Just Cares For Me
My beautiful friend Frances played and sang this Nina Simone classic to me last night, it made me feel were both transported to another time and place.
Frances Madden playing "My Baby Just Cares For Me"
Friday, January 23, 2015
Gold Rallies on ECB QE Announcement
From the smh.com
The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy.
The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.
Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing programme will release 60 billion euros ($84.5 billion) a month into the economy, ECB President Mario Draghi said.
By September next year, more than 1 trillion euros will have been created under quantitative easing, the ECB's last remaining major policy option for reviving economic growth and warding off deflation. The flood of money impressed markets: the euro fell more than two U.S. cents to $1.14108 on the announcement, and European shares hit seven-year highs.
Read more
As a result of the above ECB move the USD:AUD fell 0.80 and gold broke through US$1300.
Gold rose less than 1% for the trading day but with large intraday swings in London and New York trading hours.
We can all see clearly now why the Swiss de-pegged the Franc from the Euro last week, it was bad enough to bail on a falling Euro but a Euro that is being set on fire.....
The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy.
The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.
Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing programme will release 60 billion euros ($84.5 billion) a month into the economy, ECB President Mario Draghi said.
By September next year, more than 1 trillion euros will have been created under quantitative easing, the ECB's last remaining major policy option for reviving economic growth and warding off deflation. The flood of money impressed markets: the euro fell more than two U.S. cents to $1.14108 on the announcement, and European shares hit seven-year highs.
Read more
As a result of the above ECB move the USD:AUD fell 0.80 and gold broke through US$1300.
Gold rose less than 1% for the trading day but with large intraday swings in London and New York trading hours.
We can all see clearly now why the Swiss de-pegged the Franc from the Euro last week, it was bad enough to bail on a falling Euro but a Euro that is being set on fire.....
Thursday, January 22, 2015
Gold Exceeds $1300 Silver $18
In a fairly volatile trading session in London and New York gold broke through US$1300 but was unable to hold that level. Silver blew through US$18 convincingly and has managed to hold this level.
Although for Australian dollar holders the gold price did not suffer a setback as the USD:AUD fell to 0.809 and the AUD gold price approached $1600.
Although for Australian dollar holders the gold price did not suffer a setback as the USD:AUD fell to 0.809 and the AUD gold price approached $1600.
Wednesday, January 21, 2015
Breaking The Set - Why Arming Rebels is the Definition of Insanity
From breakingtheset
Published on Jan 19, 2015
Abby discusses the decision by the US to deploy at least 500 troops to countries surrounding Syria to train “moderate” Syrian rebels despite this policy being a dangerous failure in the past.
Published on Jan 19, 2015
Abby discusses the decision by the US to deploy at least 500 troops to countries surrounding Syria to train “moderate” Syrian rebels despite this policy being a dangerous failure in the past.
Tuesday, January 20, 2015
Tweet of the Week
#1: Most people get paid not to think... and for good reason.
— GS Elevator Gossip (@GSElevator) January 18, 2015
Monday, January 19, 2015
Saturday, January 17, 2015
SD Metals and Markets - Swiss National Bank Goes Nuclear
From SilverDoctors
Published on Jan 16, 2015
A day after the Swiss National Bank SHOCKED the market by de-pegging the franc from the Euro, causing a 30% move in the CHF Thursday, Jay Taylor joins The Doc & Eric Dubin to break down all of the implications.
Published on Jan 16, 2015
A day after the Swiss National Bank SHOCKED the market by de-pegging the franc from the Euro, causing a 30% move in the CHF Thursday, Jay Taylor joins The Doc & Eric Dubin to break down all of the implications.
Silver spikes 4% in ongoing market turmoil
Silver has spiked over 4% in overnight trading with gold trailing with a 1% rise. Markets are still roiling in the wake of the Swiss National Bank de-pegging the Franc from its tight exchange band with the Euro. Fallout from the surprise decision is still being felt in 10%+ declines of major Swiss firms share prices, and more worryingly several trading firms dealing in FX have collapsed due to leverage extended to their clients for EUR:CHF shorts. Shades of the MF Global collapse could be on the cards over the coming days and weeks.
Rick Rule on Oil and Peter Schiff on Switzerland ditching its currency cap
From Boom Bust
Published on Jan 15, 2015
The Swiss National Bank shocked financial markets on Thursday by ditching its policy of capping the Swiss Franc to the Euro. The unexpected move sent the safe-haven currency souring up as much as 41% against the Euro. Stocks plunged amidst fears of what this would do to Switzerland’s very export reliant economy. It was the biggest single-day depreciation in a major currency of all time! Erin weighs in.
Published on Jan 15, 2015
The Swiss National Bank shocked financial markets on Thursday by ditching its policy of capping the Swiss Franc to the Euro. The unexpected move sent the safe-haven currency souring up as much as 41% against the Euro. Stocks plunged amidst fears of what this would do to Switzerland’s very export reliant economy. It was the biggest single-day depreciation in a major currency of all time! Erin weighs in.
Friday, January 16, 2015
Weekend Chillout - Stop
With the Swiss National Bank stopping support for the EUR:CHF peg the opening lines of this song just seem to have been written for all those mugs that were short the Franc.
All that I have is all that you've given me
Did you never worry that I'd come to depend on you
I gave you all the love that I had in me
Now that I've found you've lied, and I can't believe it's true
Wednesday, January 14, 2015
Monday, January 12, 2015
Laurence Kotlikoff - Hyperinflation Not Deflation
From Greg Hunter
Published on Jan 11, 2015
Dr. Laurence Kotlikoff, formerly a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation--not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”
Join Greg Hunter as he goes One-on-One with renowned economist Dr. Laurence Kotlikoff.
Published on Jan 11, 2015
Dr. Laurence Kotlikoff, formerly a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation--not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”
Join Greg Hunter as he goes One-on-One with renowned economist Dr. Laurence Kotlikoff.
Sunday, January 11, 2015
Keiser Report: China Mainland MSM Myths
From RT
Published on Jan 10, 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert, back in the London studio, have brought Paul Schulte back with them from Hong Kong. Paul is an author, analyst and professor, who debunks the myths in the Western media about mainland China and how it is that Chris Patten, the former governor of Hong Kong, set in motion the problems we see today in the streets of the former British dependent territory.
In the second half, Max speaks to WilliamBanzai7, the artist for the financial apocalypse now, who features on Zerohedge.com. They discuss the Umbrella Revolution and what inspires his art.
Published on Jan 10, 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert, back in the London studio, have brought Paul Schulte back with them from Hong Kong. Paul is an author, analyst and professor, who debunks the myths in the Western media about mainland China and how it is that Chris Patten, the former governor of Hong Kong, set in motion the problems we see today in the streets of the former British dependent territory.
In the second half, Max speaks to WilliamBanzai7, the artist for the financial apocalypse now, who features on Zerohedge.com. They discuss the Umbrella Revolution and what inspires his art.
Golden Dagger
Tutenkhamun's gold dagger and sheath. 3300 years old. pic.twitter.com/7VO4E5DanB
— History In Pictures (@HistoryInPics) January 10, 2015
Saturday, January 10, 2015
Keiser Report: ‘Shoebox’ Housing & ‘Dim Sum’ Bonds
From RT
Published on Jan 8, 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert from Hong Kong discuss the ‘social tragedy’ of subdivided flats and the booming market for ‘dim sum’ bonds.
In the second half, Max speaks to Dr Fernando Cheung Vice Chairman of the Labour Party and one of the prominent figures of.the Umbrella Movement about the protests in Hong Kong, the capital from the Mainland and the comparison to protests in America, especially places like Oakland, where Dr. Cheung, was politically active.
Published on Jan 8, 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert from Hong Kong discuss the ‘social tragedy’ of subdivided flats and the booming market for ‘dim sum’ bonds.
In the second half, Max speaks to Dr Fernando Cheung Vice Chairman of the Labour Party and one of the prominent figures of.the Umbrella Movement about the protests in Hong Kong, the capital from the Mainland and the comparison to protests in America, especially places like Oakland, where Dr. Cheung, was politically active.
Friday, January 9, 2015
Weekend Chillout - I Love Paris
This week's Chillout is dedicated to the people of one of my favourite cities, Paris. Whilst the events of this week were shocking the strength and resolve of that city's people have been inspiring. This week's music is by my good friend Frances Madden who has the ability to channel Edith Piaf. If you enjoy Frances's music you can purchase her new studio album here (also available on itunes and GooglePlay) if you want to watch Frances performing go here
So Fucking What!
All progress in human history has offended someone, usually lots of people. But typically they were small people that were then left behind, and rightly so.
Thursday, January 8, 2015
Silver Has Recovered 50% of 2014's Losses
8 days into the new year and silver has recovered 50% of 2014's losses in AUD.
Ideas Cannot Be Killed
Tuez un dessinateur, vous en créerez deux.
#CharlieHebdo #JeSuisCharlie pic.twitter.com/tqrTQKl74E
— Max ⚓️ Haes (@MaximeHaes) January 7, 2015
Wednesday, January 7, 2015
Tweet of the Week
I’m glad I don’t have to hunt for my food, I don’t even know where sandwiches live.
— Bill Murray (@BiIIMurray) January 6, 2015
Monday, January 5, 2015
Thanks a Million
I found this amazing polymer feeling Million Australian Dollar note yesterday in a carpark in Manly. I thought, wow Australia really is the Lucky Country, there is just money lying around everywhere!
Unfortunately on closer inspection the fact it had an image of Ned Kelly on the side that was facing up at the time and well it was for a Million Dollars, led to some suspicion, unfortunately on the other side was some advertisements. But it did make me think will I live long enough to see a real Million Australian Dollar note? or if inflation ever got that bad would cash would be banned?
Unfortunately on closer inspection the fact it had an image of Ned Kelly on the side that was facing up at the time and well it was for a Million Dollars, led to some suspicion, unfortunately on the other side was some advertisements. But it did make me think will I live long enough to see a real Million Australian Dollar note? or if inflation ever got that bad would cash would be banned?
Sunday, January 4, 2015
Keiser Report: Big Kaputski of 2015
From RT
Published on Jan 1, 2015
Max Keiser and Stacy Herbert celebrate the first day of 2015 with some regular guests who attempt to predict the big themes of the New Year. First, they talk to Dominic Frisby of Moneyweek.com about where it all might kick off this year - perhaps Japan? Next, Professor Steve Keen talks Minsky moments, debt deflation and the Bancor. Last, but not least, they speak to Liam Halligan of BNE.eu for his predictions on Europe, China, Russia and dividend yields in 2015.
Published on Jan 1, 2015
Max Keiser and Stacy Herbert celebrate the first day of 2015 with some regular guests who attempt to predict the big themes of the New Year. First, they talk to Dominic Frisby of Moneyweek.com about where it all might kick off this year - perhaps Japan? Next, Professor Steve Keen talks Minsky moments, debt deflation and the Bancor. Last, but not least, they speak to Liam Halligan of BNE.eu for his predictions on Europe, China, Russia and dividend yields in 2015.
Saturday, January 3, 2015
Friday, January 2, 2015
Weekend Chillout - Insensitive
At a time of year when we are meant to be enjoying summer/winter holidays it is amazing how many people there are that want to be insensitive. This week's Chillout features the stunningly attractive and sweet sounding Sydney singer Borbala Bodonyi (aka Bobo) performing the best cover I have ever heard of the Jann Arden classic. For those in Sydney if you want to hear Bobo live she regularly appears in social clubs as part of a two person combo, like her facebook page to find out details for her upcoming gigs. On a personal note I was fortunate enough to meet Bobo (she is the backing singer closest to the sax player) at Frances Madden's recent album launch, my photos of that night are below.
Thursday, January 1, 2015
Gold finishes the year with a gain of 7.7%
Australian dollar gold prices ended the year
with a 7.7% gain over the 12 months. A better return than any term
deposit on offer in AUD, and you can't eat a term deposit.
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