Friday, August 16, 2013
Wednesday, August 14, 2013
Keiser Report - Wet Wipes for Incontinent Banksters
From RussiaToday
Published on Aug 13, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Fatberg of Fraud clogging up the global financial system and JPMorgan's role in depositing the wet wipes of financial products into that system. In the second half, Max talks to Rob Kirby of KirbyAnalytics.com about Mark Carney and his merry band of bankers as the Lone Ranger box office disaster, they've all made their fees while the shareholders and stakeholders eat the losses. Kirby also predicts lower rates due to central bank intervention via Interest Rate Swaps and Forward Rate Agreements.
Published on Aug 13, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Fatberg of Fraud clogging up the global financial system and JPMorgan's role in depositing the wet wipes of financial products into that system. In the second half, Max talks to Rob Kirby of KirbyAnalytics.com about Mark Carney and his merry band of bankers as the Lone Ranger box office disaster, they've all made their fees while the shareholders and stakeholders eat the losses. Kirby also predicts lower rates due to central bank intervention via Interest Rate Swaps and Forward Rate Agreements.
Hidden Secrets of Money 2 - Seven Stages Of Empire
From whygoldandsilver
Second in the series of "Hidden Secrets of Money". If you missed the first episode it is posted here.
Second in the series of "Hidden Secrets of Money". If you missed the first episode it is posted here.
Tuesday, August 13, 2013
Gold shorts are getting killed no matter what Bloomberg says
Aug. 12 (Bloomberg) -- Bloomberg's Alix Steel and Mihir Dange, co-founder at Grafite Capital, discuss moves in the gold market.
What an odd report. Ms. Steel starts off harping on about how everyone is short gold, and her guest says that Goldman and JP Morgan are recommending that their clients go short gold, really? If you were short gold over the last several weeks you would be getting killed right now. If you shorted gold in the $1230's you are now $100 per ounce in the red, but then such players are often levered to buggery so they are more likely $1,000 per ounce in the hole (10% down; 90% margin).
Then Ms. Steel goes on to read out a lie that the gold market is in Contango, ie the normal state of the gold market where the Spot price is less than future dated prices. Fortunately her guest forcefully goes on to point out the gold market is actually in Backwardation, a very rare event, so rare that he has only seen it once in the last 12 years! Then he goes on to blow way the short play propaganda by saying "there is heavy demand for physical with it (gold) trading so cheap". Then the strangest admission of the whole report, that he and his fellow traders tried to buy physical gold around $1200-$1250 and they have been waiting 8 weeks for delivery, and still have not received their gold. He attributes the delay to the unprecedented demand for gold by China.
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What an odd report. Ms. Steel starts off harping on about how everyone is short gold, and her guest says that Goldman and JP Morgan are recommending that their clients go short gold, really? If you were short gold over the last several weeks you would be getting killed right now. If you shorted gold in the $1230's you are now $100 per ounce in the red, but then such players are often levered to buggery so they are more likely $1,000 per ounce in the hole (10% down; 90% margin).
Then Ms. Steel goes on to read out a lie that the gold market is in Contango, ie the normal state of the gold market where the Spot price is less than future dated prices. Fortunately her guest forcefully goes on to point out the gold market is actually in Backwardation, a very rare event, so rare that he has only seen it once in the last 12 years! Then he goes on to blow way the short play propaganda by saying "there is heavy demand for physical with it (gold) trading so cheap". Then the strangest admission of the whole report, that he and his fellow traders tried to buy physical gold around $1200-$1250 and they have been waiting 8 weeks for delivery, and still have not received their gold. He attributes the delay to the unprecedented demand for gold by China.
Monday, August 12, 2013
Global tax avoidance - The long war against tax havens
Program link
Broadcast: Sunday 11 August 2013
In 2009 the G20 Summit in London promised to wage a global campaign against tax avoidance. Now the OECD has an 'action plan' to stop multinational corporations like Apple and Google shifting their profits to low tax jurisdictions and tax havens.
According to the OECD, 'National tax laws have not kept pace with the globalisation of corporations and the digital economy.'
The OECD promises that its new 'action plan' will change international tax rules, stop companies paying little or no tax and destroy the power of tax havens in the global economy . On Rear Vision, the prospects of victory in the long war against tax havens.
Listen here
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