Best Of The Best Share Discussion Threads

[traderabc] 22/7/2011 21:52

Eurozone debt crisis-News Analysis-07-21-2011

[traderabc] 22/7/2011 16:15

An Economy Destroyed: The Enemy Is Washington




Dr. Paul Craig Roberts
Prisonplanet.com
July 22, 2011


Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are make-believe crises that are being hyped in order to force cutbacks in Medicare, Medicaid, and Social Security.

If the rating agencies downgraded Treasuries, the company executives would be arrested for the fraudulent ratings that they gave to the junk that Wall Street peddled to the rest of the world. The companies would be destroyed and their ratings discredited. The US government will never default on its bonds, because the bonds, unlike those of Greece, Spain, and Ireland, are payable in its own currency. Regardless of whether the debt ceiling is raised, the Federal Reserve will continue to purchase the Treasury's debt. If Goldman Sachs is too big to fail, then so is the US government.

[traderabc] 22/7/2011 14:37

Peter Schiff

Dollar, Bernanke, NIA's agriculture pump & dump stock revealed
Posted on July 22, 2011

[traderabc] 22/7/2011 10:42

(1/6) Jim Rogers 21-Jul-11 Singapore - Speech and Q&A

Poor quality sound.

[traderabc] 21/7/2011 21:29

Keiser Report: Ideas for Revolution
Posted on July 21, 2011 by maxkeiser| 53 Comments

Note: Adbusters wrote to say, "our one demand has nothing to do with "a presidential commission to investigate whether or not there's been financial fraud". Instead, we are suggesting that there be a presidential commission tasked with "ending the influence money has over our representatives in Washington". Stacy Summary: To my mind that's even more vague than a commission to investigate financial fraud. Regardless, we hope to get them on to talk further about it because I love Adbusters.

[traderabc] 21/7/2011 21:04

Don't miss this one.



Thursday, July 21, 2011
Jim Rogers : Mr Geithner should resign

Jim Rogers : I would ask for Mr Geithner's resignation I would abolish the Federal Reserve and I would ask for Mr Bernanke's resignation , I would also cut spending very very dramatically ,you have to take a chain saw to it and do something dramatic , you have to change other things you have to change the tax code , we have a huge litigation problem in America which is destroying us , we spend huge amount on medical care and education for instance but a lot of that goes to litigation... many things got to be changed I doubt that they will be , but that's what should be done ""we have troops in over a 180 countries around the world they are not doing anything except making enemies around the world , they are not helping us , read some of the things we are spending money on you will be appalled , but apparently if you say the right thing to the right congressman you get the bill passed and the money spent somebody got to stop that "


The Jim Rogers Interview starts at approximately 08:00

[traderabc] 21/7/2011 10:26

Min 6 Dutch.




Edited 22/7

I guess you're right about not trusting them.

[traderabc] 20/7/2011 13:45

Benson's Economic & Market Trends
Pigs Fly and Prices Go Nuts

Richard Benson
Posted Jul 19, 2011

When business slows down over the summer months, I finally have some time to reflect and do a little economic detective work and, yes, an occasional jig saw puzzle. Trying to figure out what is going on in the world these days is extraordinarily similar to putting the pieces of a puzzle together. Within the pile of pieces, you know there's a picture somewhere but until you snap those last few pieces into place, the puzzle won't be complete.

The latest puzzle I wanted to solve began when I went to the supermarket and picked up one of the few items my wife lets me buy, which is a large jar of cashews. I seem to recall a few years ago they were $7, last year, they spiked to $11, and now, suddenly, they're $15. Because my beloved nuts rose in price so much it has driven me nuts, and I had to understand why!

[traderabc] 19/7/2011 21:21

Keiser Report: Debts & Ratings Theater (E165)

[coincall] 19/7/2011 03:15

Conversations with Great Minds, pt.1 & 2 - Lester Brown - Is the global civilization failing?





I have listened to many of Lester's interviews and lectures and question his thought that during WW2 all car production in the US was halted for three years in order to manufacture war planes and tanks and therefore we could do the same now, all pulling together to get through the problems that he mentions in the links above.

[traderabc] 18/7/2011 16:19

Monday, July 18, 2011
Jim Rogers : My assets are mainly in commodities and currencies

Where Does Jim Rogers Invest? : "My assets are mainly in commodities and currencies, and my shorts are emerging markets and American technology," Jim Rogers, CEO and Chairman of Rogers Holdings, told CNBC.on July 11th 2011 "I'm short one large American international bank, I 'am short American government (long term) bonds... I'm a simple person."

[traderabc] 18/7/2011 16:18

Al Jazeera Interview on Credit Rating Agencies

[dutch alert] 17/7/2011 15:34

China has not ofloaded their dollars. China is stil the largest holder of US debt around 1.2 trillion dollar. US is still their largest exportmarket. So every day they add US$. If they ofload the dollar they shoot in there own feet.
link to trade balance US - China

[flashheart] 17/7/2011 13:01

Hi jonnyboy1. Interested in your post but also for the reason I also live near the Devon/Cornwall border and my wife is also technically asian? if you would refer to someone from the Russian Federation (but east of the Urals) Asian?

[dutch alert] 17/7/2011 12:55

China will be stuffed. Asia will be hit like the west or worse.
Take China. If the dollar is stuffed their reserve will be stuffed.
Untill today China needs to gluw their yuan on the dollar.
If the dollar falls its not that bad for the US, they owe the rest
of the world in dollars. Its very bad for China. If they stayed
fixed with the dollar their inflationrate will explode. If they
disconnect to the dollar their export will be stuffed.

[homeboy35] 17/7/2011 08:03

I dont agree. We may be heading for a Global Depression, but Asia will not be hit nearly so badly and will recover more quickly. In any caes, I already live in Asia.

[dutch alert] 16/7/2011 22:47

If US is stuffed China is stuffed. So bad idea to go east.

[traderabc] 16/7/2011 21:29

Can entrepreneurism save Greece?-On the Edge with Max Keiser-07-15-2011

[homeboy35] 16/7/2011 15:46

US is more stuffed than even I thought. Head East, young men!

[ntd303] 16/7/2011 13:24

Jim Rogers telling it like it is. "Moodys are in never never land. The US should have been downgraded a year ago!"

[traderabc] 16/7/2011 13:21

It Ain't Money If I Can't Print It!

Peter Schiff
Jul 14, 2011

I have been forecasting with near certainty that QE2 would not be the end of the Fed's money-printing program. My suspicions were confirmed in both the Fed minutes on Tuesday and Fed Chairman Ben Bernanke's semi-annual testimony to Congress yesterday. The former laid out the conditions upon which a new round of inflation would be launched, and the latter re-emphasized - in case anyone still doubted - that Mr. Bernanke has no regard for the principles of a sound currency.