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“Mr Monks, now head of the European TUC, said: ‘I had a discussion with Barroso last Friday about what can be done for Greece, Spain, Portugal and the rest and his message was blunt: “Look, if they do not carry out these austerity packages, these countries could virtually disappear in the way that we know [...]

“Every socialist and fascist regime in history has put up walls to prevent flight by people and capital. This is why people and capital are flying now, while they still can. In so doing, they are inspired by the writings of the American revolutionaries. The difference is that they have decided that living in the [...]

“This year we will continue to control the pace and demand of the credit supply,” Mr. Liu said at a conference in Hong Kong. All banks, he added, had been ordered to “heighten their vigilance against an impossible, embedded credit risk.”

For about a year now, China has been giving signs and exerting influence on world [...]

“There was a time when investment in this country meant to borrow money to increase manufacturing capacity, research and development. Now investment funds are used for mergers and acquisitions that create no wealth.”

As long as there is a financial gain associated with a function that should fall under the category of public affairs, there will [...]

People forget the reason Adolph Hitler came into power was due to the Great Depression. People forget the political consequences of economic greed, corruption and bubble creation is always the rise of a strong man to deal with the chaos.

The question is: Should Dubai borrowed money to Creditor build projects and money raised from investors [...]

“We’ll start paying it down once we’re back in surplus,” Flaherty said.

There is a pool of money untapped by government: the practice of undeclared barter. When an individual says to you “That will cost so much if you pay by cheque but 20% less if you pay cash you know that the cash payment [...]

Gold is the money of Monarchs…Silver is the money of gentlemen…
Barter is the money of peasants…Debt is the money of slaves…

Do the math and the IMF is selling 15% of 2800 tons. This is like investing $ 1,000 in a stock when it goes up 15% you take 15% to cut your investment [...]

Gold: Expensive or Cheap, it’s Rare
(World’s Gold fills 2 Pools & the New World Order, Explained)
Silver Stock Report
by Jason Hommel, November 19th, 2009
The best witty observation this week came from Bill Murphy with www.gata.org.  Bill noted the irony of how media pundits who bash gold will argue that gold is in a bubble (gold’s expensive) [...]

‘We are hollowing out our industrial base.’ — Avery Shenfeld, CIBC economist.

CIBC calls for loonie intervention
‘Go pick on some other currency,’ CIBC economist Shenfeld says
A high-profile Canadian economist has called on the Bank of Canada to use its reserves to defend the Canadian dollar against speculation in extreme cases.
In a report released Tuesday, Avery Shenfeld [...]

“It is kind of an extraordinary action, but these are extraordinary times,” said Ben Woolsey, director of marketing and consumer research for CreditCards.com. — Balimore Sun

The media and business community has been feverishly hyping and trumpeting the economic crisis that started in September as if they were blindsided by it like a drunk crashing into [...]

It was reported that a week ago Dirk Scheringa Beheer (DSB) bank of Netherlands said they had “a hacker attack” which kept their site down for days. It turns out, it is likely no hacker, but the fact that the bank was not allowing withdraws! They had a run on the bank.
Clients of independent [...]

Source : CNBC-TV18
Here is a verbatim transcript of the exclusive interview with Marc Faber on CNBC-TV18. Also watch the accompanying video.
Excerpt

Q: The concerns that the market and market participants seem to be grappling with is, is this looking like it is approaching bubble like territory or looking overbought?
A: Basically we have had huge fiscal stimulus [...]

Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself.
“Government is there to do something for itself, not for people,” he observes.
Faber says the government will have no choice but to print money like [...]

Several well respected analysts such as Peter Schiff and Goldcorp founder Rob McEwan recently told news outlets that gold would reach between $3000 to $5000 per ounce. Is this really that far off considering gold was about $250 9 years ago for the same physical amount? Not really, considering how much interest rates [...]