Best Of The Best Share Discussion Threads

[traderabc] 26/10/2009 13:00

Jim Rogers on CCTV 22 Oct 2009

[traderabc] 26/10/2009 12:57

Jim Rogers Talks Gold- TheStreet.com- 10-12-09

[traderabc] 26/10/2009 12:08

Kick It Over Manifesto


We, the undersigned, make this accusation: that you, the
teachers of neoclassical economics and the students that you
graduate, have perpetuated a gigantic fraud upon the world.
You claim to work in a pure science of formula and law, but yours is a
social science, with all the fragility and uncertainty that this entails.
We accuse you of pretending to be what you are not.

You hide in your offices, protected by your mathematical jargon,
while in the real world, forests vanish, species perish and human
lives are callously destroyed. We accuse you of gross negligence in
the management of our planetary household.

You have known since its inception that one of your measures of
economic progress, the Gross Domestic Product, is fundamentally
flawed and incomplete, and yet you have allowed it to become a global
standard, reported day in, day out in every form of media. We accuse
you of recklessly projecting an illusion of progress.

You have done great harm, but your time is coming to a close. Your
systems are crumbling, your flaws increasingly laid bare. An economic
revolution has begun, as hopeful and determined as any in history. We
will have our clash of economic paradigms, we will have our moment
of truth, and out of each will come a new economics – open, holistic,
human‑scale.

On campus after campus, we will chase you old goats out of power.
Then, in the months and years that follow, we will begin the work of
reprogramming your doomsday machine.

Sign the manifesto at
kickitover.org

[traderabc] 26/10/2009 11:16

Warren Buffett: Crisis, what crisis?

The world's greatest investor is weathering the financial crisis by practising what he preaches.

One of Warren Buffett's favourite sayings about the market is: "be greedy when others are fearful and fearful when others are greedy".

When the market was fearful last September, Mr Buffett was greedy, putting $5bn (£3bn) into the investment bank Goldman Sachs on exceptionally favourable terms.

He says he was only able to negotiate the deal because not many people had $5bn to hand at that particular moment.

But there is no doubt Mr Buffett's public show of confidence in the company was, in itself, a valuable asset to Goldman.

[traderabc] 24/10/2009 14:08

Best of Richard Russell
October 16, 2009


Fed Chairman Ben Bernanke was an outstanding intellect when he was a prof at Princeton. Bernanke wrote the definitive study on the Great Depression. But the situation in the 1930s was a lot different than the situation today. For instance, back in the '30s nobody worried about the dollar. What they worried about then was that they didn't have any dollars. But as far as a safe haven, during the '30s the dollar was IT. The dollar was "as good as gold." If you didn't believe it, you could turn in your dollars for gold at any Federal Reserve bank.

[traderabc] 24/10/2009 11:17

Gold IS

Neil Charnock
www.goldoz.com.au
Posted Oct 22, 2009

Gold IS the best game in town and when the music stops it may be the ONLY game in town that can yield any sort of return. The music I refer to here is the sound of spin given some measure of credibility (only to the un-initiated) by massive stimulus spending which has kept this farce of an economy on its last legs through various stages for 9 years.

Why do I claim that gold is the best game in town? Gold has outpaced all investment classes over recent years - meaning that it IS the leading investment class of this decade. Gold IS at record highs and has broken above resistance in USD but you have heard all that already. Gold IS real money and vital to the monetary system at the highest levels, it IS real wealth and it IS a real store of wealth.

[049balt] 24/10/2009 11:13

trader. thanks. I have only seen the last one, found it very interesting!

[traderabc] 24/10/2009 11:00

David McWilliams

Recent documentry

ADDICTED TO MONEY..... Electric Pictures documentary

Part1


Part 2


Part 3

[traderabc] 24/10/2009 10:50

Dollar Forced to Abdicate

Peter Schiff
Oct 23, 2009

For the most part, the value of the dollar is given cursory attention by the financial media. Typically, its movements are assigned an importance on par with much less determinative metrics such as natural gas futures and construction permits. It's only when major milestones are reached that anyone really takes notice of the dollar. We are living through one of those times.

[049balt] 23/10/2009 22:31

traderbac, Have a look at David McWilliams, he is an Irish Economist, one with real vision, he speaks the same language as Rogers re. commodities. and talks of the effect that China will have on Global food prices in the future.

[traderabc] 23/10/2009 20:56

Jim Rogers on CCTV 22 Oct 2009





October 22, 2009
"The Only Bubble I See Developing In The World Right Now Is In Long-Term Government Bonds In The United States"
Commodities are the only place I know where the fundamentals are improving. The fundamentals at Citibank are not improving; the fundamentals for commodities continue to improve, and that's where I'm focusing. Perhaps currencies—if you know what the Japanese yen is, you might consider investing there, or the Swiss franc or the Canadian dollar. But other than that, for the most part, I haven't bought any stocks except in China last fall.

The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short bonds right now because the government keeps driving them up—I don't know how long they're going to do it—but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing.

[traderabc] 21/10/2009 12:29

US Joins Ranks Of Failed States


Paul Craig Roberts
Prisonplanet.com
Wednesday, Oct 21st, 2009

The US has every characteristic of a failed state.

The US government’s current operating budget is dependent on foreign financing and money creation.

Too politically weak to be able to advance its interests through diplomacy, the US relies on terrorism and military aggression.

[traderabc] 21/10/2009 12:14

Niall Ferguson: The Dollar Is Finished And The Chinese Are Dumping It


Joe Weisenthal
The Business Insider
Wednesday, Oct 21st, 2009

Economic historian Niall Ferguson warns that China’s love affair with the dollar is fading faster than anyone realizes.

[traderabc] 21/10/2009 12:07

AGRI-FOOD THOUGHTS
by Ned W. Schmidt, CFA, CEBS
Schmidt Management Company
October 19, 2009

This past weekend while reading Barron’s we were delighted to find that another researcher had discovered Agri-Food investing. However, the recommendations were fairly indicative of someone early in the discovery process. We think that is the case with many investors. They have been waiting to have the story verified by stock prices. That has been done.

[traderabc] 21/10/2009 12:03

Tuesday, October 20, 2009
Rogers on Sugar Gold Copper and Hot Commodities CNBC


Jim Rogers on Sugar Gold Copper and Hot Commodities CNBC 07 Oct 2009
Going for the gold and other commodities, with Jim Rogers, Rogers Holdings

[tomboyb] 21/10/2009 11:51

lol. he has been talking about peak oil and how close we are to getting there. Having said that it is quite interesting to see the pros for the argument and the cons. The guardian report out recently said peak oil was closer than expected and it was a report independent of governmental contact.

[ignoble] 21/10/2009 11:08

Had the joy of watching Jim on CNN News a day or so ago !
How can we take a man wearing a pink bow-tie seriously ...
Somehow doesn't fit the image :-)
imho

[traderabc] 21/10/2009 10:58

"We're in a place we haven't been since the Depression: Our economy is so completely *ucked, the rich are running out of things to steal."
-Matt Taibbi Rolling Stone Oct 2009


Wall Street's Naked Swindle
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

[traderabc] 21/10/2009 10:54

The barefaced greed of bankers and their bonuses beggars belief
City pockets are bulging with bonuses, says Boris Johnson. Have the banks no shame?




By Boris Johnson

[traderabc] 13/10/2009 17:20

Thx for those links THB.

[traderabc] 13/10/2009 17:17

AA Commodities World Tour
David Forest
October 14th, 2009
www.piercepoints.com
[e-mail]

You never know where the next big commodities story is going to come from. The great thing about the natural resource sector is that it is so diversified across the globe. In macro-finance, the game is driven by a handful of powerful nations. But in the commodities world, even out-of-the-way countries can have a sizeable impact on markets. What happens in Chile makes a big difference to the lithium market. Developments in New Caledonia (it's an island in the southwest Pacific) have a real bearing on the nickel industry.

[traderabc] 13/10/2009 17:17

A Call to Action
Peter Schiff
Oct 12, 2009

Dear Friends,

Through my weekly commentaries, I have always tried to share my honest insight into the behavior of markets and recommend strategies to help people preserve their wealth. As investors, many readers have benefited from my advice; but as Americans, they are frustrated that they have to look abroad for decent returns because Washington continues making a mess of things at home. I am too.

[dutch alert] 13/10/2009 12:30

Jim back to earth. "U.S. economy better than I expected" "U.S. and Europe's economy ten times bigger than China".