Al-Qaeda warns Ahmadinejad to stop denying 9/11

This story is just too funny, you couldn't make this up. The US created Al-Qaeda is begging Iran's President to blame them for 911 instead of their "sworn enemy" haha....

From the UK Telegraph:

By Damien McElroy, Foreign Affairs Correspondent

In a curious case of enemies uniting against a common foe, the Yemen-based compiler of the terrorist organisation's Inspire magazine wrote that President Ahmadinejad had appeared "ridiculous" when he questioned the origins of the attack that killed almost 3,000 people.

"The Iranian government has professed on the tongue of its president Ahmadinejad that it does not believe that al Qaeda was behind 9/11 but rather, the US government," it said. "So we may ask the question: why would Iran ascribe to such a ridiculous belief that stands in the face of all logic and evidence?"

US diplomats led a Western walkout at the UN General Assembly meeting last week during President Ahmadinejad's speech when he suggested the Osama bin Laden was killed to cover up the events of September 11.

"Would it not have been reasonable to bring to justice and openly bring to trial the main perpetrator of the incident in order to identify the elements behind the safe space provided for the invading aircraft to attack the twin World Trade Centre towers?" he said.

He had previously jointed other "doubters" on the fringes of the political spectrum in claiming the attacks were a "big fabrication"......read on 

To hear what Ahmadinejad actually said on 911, the Gold Standard and printing trillion of dollars click here

Jeff Christian on Gold's recent sell-off

CPM Group MD, Jeff Christian, takes a look at some of the reasons behind gold's recent sell off and looks at some of the factors that could impact on the price going forward with Geoff Candy of Mineweb......listen here

Speculator Series with Doug Casey

Speculator Series with Doug Casey from Cambridge House International on Vimeo.

Peak Silver?

I have been meaning to write a magazine article on Peak Silver but the research for it was doing my head in, but no matter seems Ryan Jordan has beaten me to it.....

The idea of peak everything has made a comeback over the last ten years, and it may not be a coincidence that this discussion has paralleled the rising prices of many commodities since 2000. However, thinking about resource scarcity is nothing new. Many alive in the 1970s will remember the book Limits to Growth, which is still debated decades after its initial publication. Whether or not you agree with all aspects of that book’s arguments, you would have to concede that ever-increasing growth rates eventually lead to exponential (and therefore unsustainable) demand. Also, to say that something has “peaked” does not mean that we are going to run out of a certain resource. In many cases it simply means that the growth rate in resource production cannot keep up with population or economic growth......read in full

Keiser Report: The Greek Depression

From: RussiaToday  | Sep 29, 2011 

 

This week Max Keiser and co-host, Stacy Herbert, ask why wallstreet protesters are maced in the face for merely walking on the sidewalk while JP Morgan's CEO can throw a tirade in the face of regulators and a central banker without being pepper-sprayed. They ask why Vince Cable doesn't pack some pepper spray.

Greece on edge of debtonation as govt tightens tax noose

From: RussiaToday  | Sep 28, 2011 

 

Senior officials from the EU and IMF are expected in Greece to study its progress in reducing its debt. They'll then decide whether to release further bailout cash. It follows angry protests on Tuesday after the government passed the most unpopular round of austerity measures yet.

Martin Armstrong on the immediate economic outlook

Cycle guru Martin Armstrong's latest musing on the global economy and the crisis in civilisation.

Click the photo to go through to the PDF

Central Banks Add to Gold Holdings

By Rhiannon Hoyle
The Wall Street Journal
Thursday, September 29, 2011

LONDON -- Emerging-market countries continued to top up their gold reserves in August, with Russia, Thailand and Bolivia among those to add to their holdings.

Central banks have bought gold as some seek to diversify foreign-exchange reserves that have grown along with emerging market export industries. The purchases have helped drive the price of gold higher, because they absorb supply and boost market sentiment.

This year, central-bank officials also began buying in earnest in reaction to the government debt woes affecting the U.S. dollar and the euro.

While central-bank officials are careful not to skew the market with huge purchases or disposals, metals consultancy GFMS Ltd. said "further large official-sector purchases should help sustain prices."

August was a volatile month for gold prices. Gold futures traded as low as $1,607 a troy ounce on the Comex division of the New York Mercantile Exchange on Aug. 1 and touched a record $1,909.30 an ounce on Aug. 23.

GFMS, a unit of Thomson Reuters Corp., said central banks appear to be viewing gold as "intrinsically more sound than most, if not all" other perceived safe-haven assets, including U.S. Treasurys, German government bonds and the Japanese yen.

Bank of Finland dealer and market analyst Eija Salavirta said in an interview last week that emerging-market central banks are moving into the gold market as buyers because of a lack of options available to diversify their reserves.

"The big education we got from the economic crisis is that you have to diversify. And now that we are in exceptional times, [a lot of] countries…don't have that many choices," she said.

The central bank of Russia, a regular buyer from its own domestic market, continued its long-term program of gold accumulation in August by adding 118,000 troy ounces to its reserves, which now stand at 27.161 million ounces, according to figures from the International Monetary Fund.

Russia's holdings were up more than 7% since the start of 2011.

Thailand continued to boost its reserves, lifting them 300,000 ounces to 4.4 million ounces, a step up from its January holdings of 3.2 million ounces......read on

Paper Burns

From alexschaeferpainter on Sep 18, 2011
 

I went to paint the Los Angeles Federal Reserve Branch and this is how it turned out. Passersby like the painting but Homeland Security didn't...

'US, EU banks behind economic crisis'

By PressTVGlobalNews on Sep 28, 2011

European Commission chief says the EU could face the "biggest crisis in its history," and called for a financial transactions tax and the creation of eurobonds to fix the bloc's economic crisis.