Best Of The Best Share Discussion Threads

[michaeld] 31/10/2010 14:44

Excellent stuff Trader, from Gonzalo which kind of reinforces my own view of the current situation. There are some good links on the AGQ thread about currency, gold and silver etc especially from Sprott asset management.
I hope that we don't get a collapse of the USD but it is looking more likely with more QE etc. A lot of people will suffer but probably not 'The Gnomes of Zurich' who will probably gain from it?

[traderabc] 31/10/2010 14:10

[OTE79] On the Edge with Gonzalo Lira
October 30th, 2010 by stacyherbert

In this edition, Max Keiser interviews Gonzalo Lira, a Chilean economist who gives his views on the Latin American countries' economic status before and after the 1973 coup. They also talk mortgage fraud and possible hyperinflation in the United States.

[michaeld] 31/10/2010 14:08

Yes, well done Trader; The Bilderberg Group and many good quotes.
'Multinationalist' companies are a big threat to our way of life, I think as they have no loyalty to a particular country or its workforce.
For example, I know some members of the Cadbury family who were upset about the Kraft takeover because they cared about the workforce etc. Unfortunately, most shares were controlled by these large international institutions who were only interested in a quick buck (to help support their Xmas bonus claims) and the current Directors given 'golden parachutes' along with something like a £10bn loaned to Kraft by RBS to facilitate the takeover.!! A UK state owned bank that is supposed to be supporting small British business that doesn't give a toss about British jobs or taxation payments and wastes valuable money supporting foreign takeovers of excellent British ones. Where was Lord Mandelson hiding whilst this was going on? Maybe he was on a luxury foreign holiday (sorry I mean meeting) courtesy of the Bilderberg group or one of its members?

[traderabc] 31/10/2010 10:59

Chart of the Week: Inflation in the Real World
Submitted by Jake Weber on Tue, 26 Oct 2010

As is often the case, there is a big difference between what the government statistics are reporting and what's going on in the real world. According to the most recent inflation reading published by the Bureau of Labor Statistics (BLS), consumer prices grew at an annual rate of just 1.1% in August.

The government has an incentive to distort CPI numbers, for reasons such as keeping the cost-of-living adjustment for Social Security payments low. While there's no question that you may be able to get a good deal on a new car or a flat-screen TV today, how often are you really buying these things? When you look at the real costs of everyday life, prices have risen sharply over the last year. For simplicity's sake, consider the cash market prices on some basic commodities.

[traderabc] 31/10/2010 10:57

The Rising Cost of Survival
Submitted by Richard Mills on Fri, 29 Oct 2010

As a general rule, the most successful man in life is the man who has the best information

Socio-economic turmoil - lawlessness, poverty, lack of adequate medical facilities and attention, low to no employment, low wages, disease, no clean drinking water or water for irrigation and shortages of food or unaffordable food can all cause socio-economic pressure to build in many countries that were once stable environments for investment.

In 2007 and 2008 roughly 40 food riots occurred – two of the more publicized examples were when people took to the streets after rising corn prices made tortillas very expensive in Mexico and skyrocketing food prices in Haiti led to the overthrow of that country's Prime Minister.

The U.N. Food and Agriculture Organization (FAO) reported a five per cent increase in the international price of food over July and August 2010.

[traderabc] 31/10/2010 10:11

I really like this mans work, he's makes a lot of sense, saying it as it is.

Debunking Money (#4): 20th Century - Where We've Been




Debunking Money (#5): 21st Century - Where We're Going

[traderabc] 31/10/2010 10:08

Fraud Caused the 1930s Depression and the Current Financial Crisis

Washington's Blog
Oct 30, 2010
Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression. As Fortune notes:

Shiller said the danger of foreclosuregate - the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt - is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.

The former chief accountant of the S.E.C., Lynn Turner, told the New York Times that fraud helped cause the Great Depression:

[joe moon] 30/10/2010 00:14

Praipus - 11 Feb'09 - 14:36 - 34 of 1931

[traderabc] 29/10/2010 23:53

'Martin' earning some of Rogers ire. This one must be a few years old.


Friday, October 29, 2010
Jim Rogers: Inflation not Deflation down the road

[michaeld] 29/10/2010 23:20

Yes, great thread Trader.
I have been expecting the USD to succome to hyperinflation for twenty years or more now but the creditor nations have continued to support it because they obviously have a lot to lose if it crashes. So; their liability continues to increase which leads them to support it all the more; like they are in a giant Ponzi scheme but don't want to be left holding the baby or rather tons of worthless paper bank notes. The likes of China would be well advised to spend their paper $s on commodities such as gold silver platinum and even iron, whilst they can?
China ought to be well aware of the dangers as they pioneered paper currency and had it collapse in 1455 after they took to printing too much of it and the users came to realise that it was not backed by assets and so essentially worthless.

[3windy] 29/10/2010 22:51

Great info guys, keep it up

[traderabc] 29/10/2010 22:09

"keeping this thread alive single handed"


It' s a tough job, but..blah, blah..

You're welcome, and thanks for reminding me that I'm not entirely on my own here.

[mrmarvelous] 29/10/2010 14:09

Ditto to the above

[mids] 28/10/2010 21:19

It seems you're keeping this thread alive single handed traderabc. Thanks for posting the links.

[traderabc] 28/10/2010 16:07

"America's fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts."




Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. "Let's get real," Prof. Kotlikoff says. "The U.S. is bankrupt."

[traderabc] 28/10/2010 15:53

John Embry - "I Guarantee Hyperinflation"



Today King World News interviewed John Embry, Chief Investment Strategist for Sprott Asset Management. John is absolutely convinced that hyperinflation is a certainty. When asked about Art Cashin's comments on hyperinflation Embry replied, "I'm another person that worries hugely about hyperinflation, I mean the monetary path that they appear to be following, I guarantee you will lead to hyperinflation."

[traderabc] 28/10/2010 14:45

[KR90] Keiser Report – Markets! Finance! Kicks!
October 28th, 2010 by stacyherbert
Respond

Stacy Summary: We look at how Britain is avoiding confrontation with suicide bankers who took down the financial system "for kicks". Max also talks to Reggie Middleton of BoomBustBlog.com about JP Morgan starving on zero interest rate policy and about just how many oligarchs the US can support.

[traderabc] 27/10/2010 12:37

"It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive. ... It is not a viable, feasible strategy and we will not engage in it."
--Timothy Geithner Oct 18, 2010

[traderabc] 27/10/2010 11:15

Keiser Report №89: Markets! Finance! Scandal!

[traderabc] 26/10/2010 11:23

Gene Burnett - Jump You F*#kers (A Song For Wall Street)

[ashtree2] 25/10/2010 22:09

LBO I have it on very good authority that the company has no intention of going private. It was a concern of mine since the BAA cancellation of shares,I am sorry but I am not free to reveal my sources.