Best Of The Best Share Discussion Threads

[noon] 17/3/2010 09:07

Jim Rogers is on CNBC NOW.

[traderabc] 16/3/2010 23:17

Dollar, Yellen, Geithner, retail sales, unemployment
From: SchiffReport

[traderabc] 16/3/2010 23:14

Gold is money

Author:
Nick Barisheff
2010-03-16


As published in Money Magazine
March 2010


Gold is money
Unlike the world’s currencies, gold retains its value

In a speech I recently gave at The Empire Club of Toronto , I referred to gold as the "anti-currency." Gold is not and never has been a currency. Gold is something entirely different and far more valuable. It is money.

"If you're holding paper currency, you have to have some kind of trust that the country that issued it is not just going to print its way out of its problems. That's a real concern right now. Gold, on the other hand, has real intrinsic value, unlike a paper currency which can be debased by its government."

– Sacha Tihanyi, currency strategist, Scotia Capita

[traderabc] 16/3/2010 23:06

We're Doomed and Washington Can't Do Anything About It

Video Interview With Marc Faber

The government leads you to believe that we are in an economic recovery... however it is actually the total opposite. A depression and inflation are what the US is looking forward to.

Posted March 16, 2010

[traderabc] 16/3/2010 20:51

MEP: Euro will collapse, 'Pig States' to bring EU down

[traderabc] 16/3/2010 20:49

[KR25] Keiser Report – Markets! Finance! Scandal!
March 16th, 2010 by stacyherbert


Stacy Summary: With guest, Kate Pickett.

[airforce11] 16/3/2010 11:13

Can't forget the motor city.

[traderabc] 16/3/2010 08:37

U.S., U.K. Move Closer to Losing Rating, Moody’s Says


Bloomberg
March 15, 2010

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview.

Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.

“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”

[traderabc] 15/3/2010 10:24

The Greatest Calamity The World Has Ever Known



The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:
35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)

18 Million empty houses in the United States and 39 million Americans who are no longer working or looking for work, and that’s before Federal Reserve finishes rewriting the rules of American “capitalism221; as US Housing, the Automobile Industry and the American Dream are dismantled. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)


“There are now well over 150 million Americans who feel stress over these things on a consistent basis. Over 60 percent of Americans now live paycheck to paycheck.” (The Economic Elite vs. People of the USA, David DeGraw)

[traderabc] 15/3/2010 09:57

Ratigan Explains Lehman Brothers Report

[traderabc] 15/3/2010 09:38

Justice or ‘Just US’? Gerald Celente on Wall St. Mafia


Russia Today
Sunday, March 14, 2010

[traderabc] 14/3/2010 12:28

Could it happen here?

Requiem for Detroit

[traderabc] 13/3/2010 21:12

Answering the Skeptics

By: Theodore Butler




Recently, I was contacted by a reporter for the Financial Times of London. He was looking to write a story about the CFTC’s upcoming hearing on precious metals. I could tell in my conversations with him that he was skeptical about my claims of a downward manipulation in the price of silver. As a result, the story he wrote reflected his skepticism, which was rooted in how could such a manipulation exist for as long as I alleged and how could silver be manipulated if it doubled in price over the past five years?

I understand the reporter’s skepticism and recognize that it is prevalent among those who have not taken the time to study the circumstances in silver. It’s not unusual for people to hold strong opinions about issues they are not well-versed on.

[traderabc] 13/3/2010 19:36

Dollar Bulls Beware
by Peter Schiff, Euro Pacific Capital | March 12, 2010
Print

By late 2009, as the U.S. dollar flirted with multi-year lows against most foreign currencies, big investment players crowded into trades that shorted the greenback. Commentators noted that the anti-dollar momentum had taken on a life of its own and that the trade had become too crowded. It is true that markets have a nasty tendency to move against the crowd. When a lot of traders agree on a particular trade, it's more likely that in the short-run the opposite trade will be a winner.

The 2008 "flight to safety" rally of the U.S. dollar was a once in a lifetime event that presented huge opportunities for aggressive currency traders. By December 2008, after rallying 25% over the previous five months, the dollar topped out. However, there were many speculators who had come somewhat late to the party, as well as many others who had ridden the dollar up and were thus sitting on huge unrealized gains.

[traderabc] 12/3/2010 22:56

Sir John Templeton’s Last Testament: Financial Chaos Will Last Many Years
Tuesday, 09 Mar 2010 06:48 PM
Article Font Size

By: Christopher Ruddy

When Sir John Templeton passed away in July of 2008, we lost one of the greatest investment minds of our time.

But with great lucidity, in June of 2005, Sir John penned a memorandum to friends and family that is uncanny and prophetic in its vision of what would happen to the U.S. and global economy.

[traderabc] 12/3/2010 22:41

On the Edge with Max Keiser – 12 March 2010
March 12th, 2010 by stacyherbert

Stacy Summary: Guest is Birgitta Jonsdottir!

[traderabc] 11/3/2010 21:50

A Rally in a Bull Costume

Bill Bonner
Provided as a courtesy of Agora Publishing & The Daily Reckoning
Mar 11, 2010

Yesterday marked the one-year anniversary of the rally. The Dow rose a piddly 11 points. Gold sold off $1.

This rally has gone on for so long most people think it is not a rally at all, but a new bull market. Worldwide, it has taken equities up some 73%...making it one of the greatest rallies ever.

What are we to think? Are we alone in thinking it's still a trap? What happened to the problems that led to the crisis of '07-'09?

[traderabc] 11/3/2010 21:45

"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
-Frederic Bastiat

[traderabc] 11/3/2010 21:44

It's Going To Implode: Buy Physical Gold - NOW
Gordon_Gekko's picture
Submitted by Gordon_Gekko on 03/11/2010 07:29 -0500



Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let's take a look:

[traderabc] 11/3/2010 21:36

[KR24] Keiser Report – Markets! Finance! Scandal! And Joe Weisenthal!
March 11th, 2010 by stacyherbert
Respond

Stacy Summary: Guest this episode is Joe Weisenthal of Business Insider.

[traderabc] 11/3/2010 21:35

[KR23] Keiser Report – Markets! Finance! Scandal!

[traderabc] 11/3/2010 21:32

3/8/10 Jim Rogers on Bloomberg: Greece Bankruptcy Would Be Good for Euro!

[traderabc] 10/3/2010 00:19

Exclusive Film Exposes Wall Street Criminals!