Best Of The Best Share Discussion Threads

[traderabc] 23/9/2009 17:09

I may have posted this interview already.



Wednesday, September 23, 2009
I will sell all my US Dollars Jim Rogers

Jim Rogers talked about US dollars while he was attending the China International Financial Services Conference (CIFSC) held in Guangzhou on September 10, 2009.

Rogers believes that the last 50 years is U.S. government's journey into a huge debt and the U.S. government's decision-makers are still repeating this mistake.
legendary investor Jim Rogers has warned for many years, like Peter Schiff and Marc Faber, that the United States economy is in total decline and that Asia is the land to put your money.

[traderabc] 23/9/2009 12:30

1/3 Marc Faber US Govt may fail in 5 to 10 years, Sept 22, 2009

"The next crisis will bring down the entire capitalist system"

[traderabc] 23/9/2009 00:42

'Save America! US on slippery slope to economic collapse'

[traderabc] 23/9/2009 00:39

On the Edge with . . .Max Keiser & Steve Keen (1/2)

[traderabc] 22/9/2009 17:30

September 21, 2009

Dear Mr. Rogers,

We have read that you recently visited Sri Lanka and met with Sri Lankan officials. The purpose of your visits was to look into investing in Sri Lanka, newly peaceful after the government's victory in the civil war with the Tamil Tigers. One official said you were "bullish on Sri Lanka."

Don't dive into that pool yet, Mr. Rogers. There are good reasons to avoid Sri Lanka and its bloody-handed government.

In the final months of the civil war the Sri Lankan government killed thousands of Tamil civilians by indiscriminate shell fire and air attacks against Tamil refugees in a designated "safe zone." The London Times cited a U.N. confidential report it acquired saying that around 1,000 civilians were killed daily from late April until May 19. The final civilian death toll for this period could be more than 20,000, said the paper.

Since that time, the Sri Lankan government has held over 300,000 Tamil civilians in internment camps. The Sri Lankan armed forces maintain the camps. The U.N., the Red Cross, the international press, human rights and humanitarian aide organizations, and elected officials are not allowed into the camps. The government shows no sign of releasing these prisoners any time soon.

John Murphy, an Australian MP, warned in an address to the Australian parliament of "a humanitarian disaster." He described "hundreds of thousands of innocent Tamils… living in camps in appalling conditions" He said "foreign media channels have reported horrifying evidence of the worst violations of human rights, including starvation, rape, killings and torture."

Britain's Channel 4 news aired a video showing Sri Lankan soldiers executing bound, naked Tamil civilian prisoners. The video was made by a Sri Lankan soldier on his mobile phone and then passed along to an independent journalists' group, which supplied it to Channel 4. The soldiers doing the killing in the video are chatting with one another in conversational tones, suggesting that this is part of their ordinary, day-to-day duty. These appeared to be regular soldiers, not part of any special detachment. Maybe, this kind of mass murder is what most of the Sri Lankan army does every day.
(To see the Channel 4 news report go to:


The Sri Lankan government not only bans the international press and non-governmental organizations from sensitive areas but has also kicked out U.N. officials who have disputed sanitized government accounts of the end of the war and conditions in the internment camps. Many suppose that Colombo doesn't dare release the refugees held in the camps because so many of them have been witnesses to the crimes committed by government forces. It is certain that as news of Sri Lankan government behavior filters out, with or without the release of IDPs from the internment camps, the bad odor of Sri Lankan behavior will stick to anyone who chooses to associate with them.

In short, Mr. Rogers, you are about to embrace the most brutal national government since the Khmer Rouge held power in Cambodia. You might be thick-skinned, but the investors you represent will probably be shocked at your choice of partners. No one wants to get involved in a holocaust, especially on the side of the killers. The history of the Sri Lankan government shows that they are capable of such atrocities, and at least until they open up the camps you can't be sure that they are not perpetrating a massacre there right now.

Thank you for your attention.

Sincerely,
Tamils for Obama

[traderabc] 22/9/2009 17:27

Tuesday, September 22, 2009
Tamils for Obama warn Jim Rogers on investing in Sri Lanka

An organization called Tamils for Obama wrote a letter to Jim Rogers , warning him that his apparent plans to invest in Sri Lanka will involve him with an increasingly disreputable business partner as news of Sri Lankan government's mistreatment of its Tamil minority during and since the civil war inevitably filter out. This story names some of the damaging allegations the will probably make investing in Sri Lanka embarrassing.they claim that the Lankan government holds over 300,000 Tamil civilians in internment camps.

[traderabc] 22/9/2009 17:17

Silver Investigation Update

By: Theodore Butler

Yesterday, I received a number of emails from readers who had been communicating with Commissioner Bart Chilton of the Commodity Futures Trading Commission. Obviously, Commissioner Chilton intended this to be made public and I do so here. My comments will follow.

"When I first started reading it, I raced through it, looking for the words I have read in so many communications from the CFTC over the past two decades. Those words, of course, were always “and we can find no credible evidence of a manipulation in the silver market.” Well guess what? For the first time ever, those words were missing. Instead, words to the effect, “of investing an incredible amount of energy and resources, of leaving no stone unturned in our year-long aggressive investigation, and if we find anything illegal, we will prosecute, etc.” That’s a far cry from what has been said in the past."

----------------------------------------------------------------------------------------------------------------------

It has now been one year since the Commodity Futures Trading Commission initiated its investigation of the silver markets. In that time, it has invested over 2,318 staff hours in this investigation, 32 individual interviews have been conducted, and approximately 40,000 documents have been reviewed. We have worked with our colleague regulators in the United States and in other nations. In addition, the agency has taken the extra step of engaging an eminent outside expert to assist in its analytical review of this matter. In sum, we’ve put an incredible amount of energy and resources into this effort.

[traderabc] 22/9/2009 16:33

Mission Accomplished – Part I: Wrecking of the world’s greatest economy

When the people lose faith, they do not then believe in nothing. They believe in anything.

For a change of pace, today we present our two-part analysis as an interview of yours truly by an old friend of iTulip who has reported for several major news publications for more than 20 years. Our interviewer goes by the initials ND. If readers like the format, we’ll do it again.

[traderabc] 22/9/2009 16:29

Gold is More Like a Religion or a Political Position

Bill Bonner
Provided as a courtesy of Agora Publishing & The Daily Reckoning
Sep 22, 2009

Of all the many miseries that man faces on his journey from cradle to grave, few of them can be eased by enlightened central banking. And a credit contraction is not one of them. Japan proved it. After the Japanese market collapsed in 1990, public officials went to work with their characteristic energy and incompetence. They lowered the cost of borrowing to nearly zero. But did consumers take up the money and add to the demand for bread and bicycles? No. They didn't want to borrow. They wanted to save. They had speculated during the previous bubble years and lost money. Then, with retirement approaching, a penny saved was worth even more to them than a penny earned. They saved more than ever...and the consumer economy sank.

[traderabc] 22/9/2009 16:22

The Economy is a Lie, too


Paul Craig Roberts
Tuesday, Sept 22nd, 2009

Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.

The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy. It is the driving force, and it has been shut down. Except for the super rich, there has been no growth in consumer incomes in the 21st century. Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak.

[traderabc] 21/9/2009 15:09

.The Fed’s Secret Money and the Media Cover-Up

By Greg Hunter

HR 1207 is a bill, first sponsored by Congressman Ron Paul in the U.S. House of Representatives, that will audit the Federal Reserve. The Federal Reseve has never been audited in it’s 96 year history. Contrary to popular belief, the Fed is not an arm of the U.S. Government but a subcontractor for monetary policy.

[traderabc] 21/9/2009 15:00

Gold is due a correction – but then it will hit $1,400

[traderabc] 21/9/2009 14:59

International Monetary Fund to sell over 403 tons of gold


AFP
Sunday, Sept 20th, 2009

The International Monetary Fund said its executive board endorsed the sale of 403 tons of gold, worth an estimated 13 billion dollars, to boost its lending capacity to poor countries.

The IMF said in a statement the sales would be “in a volume strictly limited to 403.3 metric tons, with these sales to be conducted under modalities that safeguard against disruption of the gold market.”

The 186-nation institution said the decision was a core element of a new income model to make it less dependent on its lending revenue to cover expenses, such as surveillance of members’ economic and financial policies, that the board had approved in April 2008.

The Group of 20 key developed and developing countries, at their April summit in London, agreed the gold sales should allow the IMF to offer favorable conditions on loans to the poorest countries.

[traderabc] 21/9/2009 14:58

90% Say Fed Should Be Abolished In CNBC Poll


CNBC
Monday, Sept 21st, 2009



“Nothing good can come from the Federal Reserve,” writes Texas Congressman Ron Paul in his latest book hitting shelves this week, titled “End the Fed.”

“It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.”

Paul makes the case that the Fed is the main culprit responsible for the current economic mess the country faces through the destructive policies of cheap credit and excessive money printing.

[contrarian2investor] 21/9/2009 12:29

Have they imposed position limits on concentrated positions held by a few (obviously corrupt)firms?

It look like the limits will be imposed, however as you can see from my previous links. Companies are already devising ways around proposed regulations.

Which obviously corrupt)firms are you referring to? Surely all of them have been rooted out?

Alas they are the ones with the links to the top .1% that truely control financial (macro) machine.

In the mean-time my LWEA & AIGA investments continues to fall. Any suggestions? TIA

c2i

[traderabc] 21/9/2009 11:16

Jim Rogeres and Lord Lamont one year after Lehman

[traderabc] 21/9/2009 11:15

The regulators should be in jail Jim Rogers

[contrarian2investor] 17/9/2009 12:37

Hi traderabc,

What is your take on the impending Commodity ETF regulations and their ramifications?

Here is an article that you might find of interest:

How Commodity ETF Investors Can Dodge New Regulations



c2i

[traderabc] 16/9/2009 01:05

This is a good article.

Prime time for the ‘crank’ alternative


Phil Davis
Financial Times
Tuesday, Sept 15th, 2009

In the wake of the worst financial crisis in recent memory, is there an opportunity for unconventional schools of thought to force their way into the investing consciousness?

The investment industry is spotted with “cranks” – fund managers, brokers and advisers who distrust the whole structure of the economy and markets and believe that returns can only be made by exploiting the inherent flaws. (They are distinct from the large number of fund managers who adopt “contrarian221; market views.)

Some of the “cranks” are given labels such as “perma bear” or “doctor doom” and include investors such as Marc Faber, the late Tony Dye and Nouriel Roubini. Others are simply ignored.

[traderabc] 15/9/2009 16:19

We will have a Currency market crisis jim Rogers on CNBC 14 Sept 2009

[traderabc] 15/9/2009 16:18

Jim Rogers we need less regulations CNBC 14 Sept 2009

[traderabc] 14/9/2009 18:47

Ron Paul, CNN “American Morning,” 9/14/09


Campaign For Liberty
Monday, Sept 14th, 2009

Congressman Ron Paul discusses his new book “End The Fed,” as well as other economic issues and Federal Reserve-related topics on CNN’s “American Morning.”

[traderabc] 14/9/2009 18:46

The ‘Global Central Bank’ Pipe Dream


Daniel McDowell
World Politics Review

Last week, the United Nations Conference on Trade and Development (UNCTAD) issued a report calling for sweeping changes in the international financial and monetary order.

Arguing for a reduced role for the dollar, the report advocated for a global reserve bank with the power to issue its own currency, to monitor its members’ national exchange rates, and to prop up or push down their currencies. In other words, UNCTAD is making the case for a global central bank.