Weekend Chillout - From Russia With Love

With Russia granting asylum to Edward Snowden this week, the old KGB Lieutenant Colonel got to give the finger to his old rivals at the NSA and GCHQ. Given the circumstances of this case, a spy fleeing to Russia, what more appropriate song could we have this week.

From Russia with love, I fly to you
Much wiser since my goodbye to you
I've travelled the world to learn
I must return 

From Russia with love

I've seen places, faces
And smile for a moment
But, oh, you haunted me so
Still, my tongue tied young bride
Would not let my love for you show
In case you'd say "No"

To Russia I flew but there and then
I suddenly knew you'd care again
My running around is through
I'd fly to you

From Russia with love

 

 

Keiser Report - KoolAid Bubble Mentality

From RussiaToday

Published on Aug 1, 2013 In this episode of the Keiser Report, Max Keiser and Stacy Herbert drink the KoolAid in order to get into the minds of the cult members climbing the suicidal property ladders in the US and UK. In the second half, Max talks to journalist and author, Dominic Frisby, about the cult of housing and how it is that Margaret Thatcher's Right to Buy scheme inspired the Conservative party to introduce Help to Buy for purely vote buying reasons.

Snowden granted 1yr asylum in Russia

*Update*

I have been thinking, Russian's love to make a point, Putin in particular. So why give Snowden asylum on 1 August? What because it was Wattle Day, horses birthday, they like Thursdays?

Well it might be this reason:

On 1 August 1914, Russia entered the Great War (WWI) by declaring war on Germany.

99 year anniversary of the start of the Great War, sounds like a fitting day for Putin to show the US the finger.

 

From RussiaToday

Gunung Padang - Indonesia's Stonehenge

Catherine Austin Fitts - The Big Question is How Violent will Things Get?

From Greg Hunter

Peter Schiff - Buy Gold and Silver Now

From Greg Hunter

Horoscope of the Week

From The Onion

The Singapore Free Port

This is most likely where ANZ have opened "their" vault, ie they have rented a room in this place.

ANZ opens 50-tonne vault in Singapore

From smh.com.au

Article link

ANZ has started a second bullion vault in Asia to cater for growing physical demand that the bank sees driving prices as much as 13 per cent higher over two years.

The leased facility, which can hold 50 metric tonnes, opened in Singapore last month, adding to storage in Hong Kong, Perth and Zurich, according to Eddie Listorti, co-head of fixed income, currencies and commodities. The vault could keep $US2.13 billion ($2.36 billion) of metal at yesterday’s close, Bloomberg calculations show.

The bullish stance on gold from ANZ, which has forecast the metal at $US1400 an ounce in 2014 and $US1500 in 2015, contrasts with the outlook from Goldman Sachs, which predicts lower prices as the US Federal Reserve scales back stimulus.

Read more: http://www.smh.com.au/business/markets/gold-bull-anz-opens-50tonne-vault-in-singapore-20130801-2r0kp.html#ixzz2ah9OzpqY

WGC Report - What Drives Gold?

The latest World Gold Council report is out, in summary it details the following:

Report download link (requires a login, which can be created for free)

Gold and US interest rates: a reality check

An in-depth analysis on the true relationship between gold and US real interest rates – and how it has changed over time – disproving common misconceptions and exploring gold’s portfolio performance during different interest rate environments.

Read more


What drives gold? Factors that influence the asset class and its role in a portfolio


An examination of the seven primary factors influencing gold’s performance: currencies, global inflation, interest rates, consumer spending and income growth, market risks, short-term investment flows and supply-related drivers.

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The role of gold in defined-contribution plans: Mexico case study


A study exploring the benefits of having gold as an integral component of retirement portfolios, focusing on the Mexican pension fund experience.

Read more