Sunday, November 21, 2010
Elizabeth Warren on US Usury Laws
Professor Elizabeth WARREN + Bill MAHER
US USURY [excessive interest incorporated onto any debt].
Now the NEW WORLD ORDER message goes out to the World from the US
TRICK + TRAP + SCREW everyone else = the Corporation Benefits
The US Citizen in the WEAKER bargaining position is ABUSED
The US Corporation is identified as the STRONGEST bargaining position.
Anything for the US Corporation to BOOST PROFITS - that's OK?
In 1979 USURY LAWS OF US WERE DESTROYED.
INEQUALITY OF BARGAINING POSITION
Whatever happened to the Judge as Independent Arbiter?
Or is the Judiciary now the representative of the Corporation - as FREEMASON co-optee?
Has the PUBLIC OATH of the Judiciary now been compromised by the PRIVATE OATH of FREEMASONRY?
Joseph Stiglitz : QE2 will prove to be fairly ineffective
Saturday, November 20, 2010
James Turk : There are two bubbles: the bond market and the dollar
Default America: Inflation
This video explains the basic effects of inflation of the money supply. I'll be putting together a video on Hyperinflation, hopefully before it happens.
NATS - Money Counting
"A solution being offered now to get the economy back on track was to dramatically increase the money supply"
0:10 Tim Shaughnessy - Professor of Economics - Louisiana State University
"So we had the T.A.R.P. bailouts, bailouts of the financial organizations and the car companies. All of this was done through printing of money"
NATS - Money Printing
"By printing more money means that eventually there's going to be more dollars out there chasing the arguably the same amount of goods which that's the definition"
0:28 Chris Combs - Professor of Economics - Louisiana State University
"of inflation right. When you have more money chasing the same amount of goods all it's going to do is raise the price of goods"
"Which provides dollars to these organizations that need it but what does it do to the value of the dollars that are already in exsistance? Well it's going to drive the value of our dollars down"
"We're looking at the big picture, and we are saying ok, we can fix the short term problem maybe. Depends on what camp you come out of whether it will work or not. But even if it does work, and it might not work, but even if it does, the problem is inflation tomorrow"
NATS - Shopping
1:03 Cody Jennings - Videographer -- cjenning@ksla.com
"On the one hand you have buyers increasing their demand for goods. They say to themselves, you know this goodis going to be a lot more expensive"
1:15 Joe Salerno - Professor of Economics - Lugwig Von Mises Institute
"Three months down the road, or even a few weeks down the road. That's how fast prices are increasing. And therefore I'm going to buy it today. But if everybody starts to think that way that will drive prices up even faster and cause greater inflation and it becomes a vicious cycle. At that point you get a breakdown in the economy"
NATS - Printing Reciept
1:37 Dr. Loren Scott - Professor of Economics - Louisiana State University Baton Rouge
"I think this is a functionof the fact that suddenly the government is running, not just deficits, but enormus deficits. People were very worried the deficits increasing under George Bush and they said my gosh. Look at these defecits under George Bush. I mean the 1st year defecit under Obama is just straight through the floor. And if by any stupid decision they decide to put another stimulus package in, it will really be through the floor"
NATS - Inflating the Dollar Baloon
"The dollar keeps being inflated"
NATS - Inflating the Dollar Baloon
"We are running these hudge budget defecits that we try to pay off through increasing the money supply"
NATS - Inflating the Dollar Baloon
"And so people are seeing that fiscal policy, monetary policy doesn't seem to be very well under control in the U.S. so the attractiveness of the dollar falls because of it"
NATS - POP
"We've continued on a path of false prosperity thinking that we can bring about prosperity by creating money and having artificially low interest rates. The true path that we want to get back to os a prosperity based on the resources that we do have and the voluntary savings and credit we are capable of generating in a free market economy"
______
Teaser information prior to this PKG
Tim Shaughnessy - Professor of Economics - Louisiana State University
"If they try to fix the recession it could lead to prices rising even more because the way that the government does it is by trying to increase its own spending and everyone elses spending. Either the government will just out right buy more things itself or it will give tax cuts, stimulus check or whatever to get consumers to spend more"
Chris Combs - Professor of Economics - Louisiana State University
"What's the payoff? If we fix the problem now but then we have to pay higher prices in the future how are we better off from that"
"The increase demandfor products from government or consumers leads to prices going up. So if you have a problem where inflation is an issue and you are trying to fix a recession, you could fix the recession but you are going to get even more inflation on top of that"
Friday, November 19, 2010
Marc Faber : U.S. Stocks Wont Reach New High in Near Term
James Turk Gold $8000 Hyperinflation a sure thing
Marc Faber : US and European interest rates are negative in real terms
Thursday, November 18, 2010
Wednesday, November 17, 2010
Marc Faber : the bear market for bonds may last 20 years
I do not think that this will be the case because if the economy weakens again and you have deflation, that would be required to get these yields down there. You would have further massive fiscal stimulus and as a result of that, the deficit and the government’s debt go up and then the interest payments on the government debt go up. The ability of the government to pay the interest on its debt will diminish if the credit quality goes down. For that reason, I do believe that we will see new lows in interest rates.
So we had the bull market in bonds that lasted 1981 to 2008 - in other words 27 years - and now we are in a bear market for bonds that may last 20 years and bring yields to record highs that would mean on the 10 years note a yield of over 15%. ....
via economictimes.indiatimes.com
Tuesday, November 16, 2010
Joseph Stiglitz - Stimulus Fraud
Democracy NOW! - DN! - We are joined by Nobel Laureate Joseph Stiglitz - American economist and professor at Columbia University. Author of Freefall: America, Free Markets, and the Sinking of the World Economy now in paperback. As the Obama administration rejects a foreclosure moratorium and austerity protests grip Europe, we assess the state of the US and global economy with Nobel Prize-winning economist Joseph Stiglitz, author of Freefall: America, Free Markets, and the Sinking of the World Economy. Stiglitz backs calls for a foreclosure moratorium and says opponents of a new government stimulus "don't understand basic economics." On war, Stiglitz says Iraq and Afghanistan are "the first wars in America's history financed totally on the credit card." Published with written permission from democracynow.org. http://www.democracynow.org Provided to you under Democracy NOW! creative commons license. Copyright for broadcast belongs to democracynow.org, an independent non-profit user funded news media, recognized and broadcast world wide.
Monday, November 15, 2010
Michael Pento vs Gary Shilling- Inflation, Deflation
Marc Faber : Excessive liquidity and dropping dollar bills onto the US created the problem
Marc Faber : Global Critics Actually Should Thank the Fed
"Excessive liquidity and dropping dollar bills onto the United States from helicopters like Mr. Ben Bernanke suggested—the problem with that is he doesn't know where the money will flow,""In this case, the excess liquidity flows into emerging economies and precious metals, and new bubbles are building up that at some point in the future will burst."Then you will have another problem on your hands the way you had a problem when the Nasdaq bubble burst and the housing bubble burst."Marc Faber author and editor of The Gloom, Boom & Doom Report told CNBC last week
Marc Faber and Roubini at The Russia Forum 2010-02-04
The Russia Forum 2010-02-04 Currencies: Finding New Balance
Troika Dialog - the conference sponsor has kindly granted me a written permission to publish this video.
For more information about The Russia Forum and original (full version) video please visit: http://2010.therussiaforum.com/news/n...
Sunday, November 14, 2010
Marc Faber Video Interview with BNN
Click Here to watch the Interview >>>
Friday, November 12, 2010
Marc Faber : S&P going back to 900-950
via economictimes.indiatimes.com
Thursday, November 11, 2010
Marc Faber : Asian Stocks vs US Treasuries
Click Here to Watch part I of This Interview >>>>>
Currency Tensions Rise Ahead of G-20
Wednesday, November 10, 2010
The Russia Forum 2010-02-04 Investments: Where is the Money in 2010
Speakers:
Nassim Taleb, Michael Gomez, Hugh Hendry, Ashot Khachaturyants, David North, Michael Power
Tuesday, November 9, 2010
Marc Faber on CNBC 11/09/10
Marc Faber : I am not very keen to buy emerging economies at the present time
But for me, I like Asian real estate, I like equities in Asia, I still like precious metals and I like in particular physical precious metals. I also own gold shares because I am the chairman of several resource related companies, mining companies in the exploration domain and so I own them. But my preference is for physical gold and silver and then I own real estate and I have some bonds not because I particularly like bonds, but I look at corporate bonds as kind of an equity with a relatively high dividend. " in an interview with the economictimes.indiatimes.com dated 28 Sep, 2010
Gonzalo Lira : How Hyperinflation Will Happen
Tarek Saab of TrustedBullion interviews financial blogger, Gonzalo Lira. Interview covers:
-The growing angst among baby boomers
-Lira's article "How hyperinflation will happen."
-Trouble in the Eurozone
Monday, November 8, 2010
QE2 Will Do More Harm Than Good
QE2 Will Do More Harm Than Good says Uwe Parpart
Nov. 7 2010 | The Fed's move to pump another $600 billion to prop up the economy is not going to work, says Uwe Parpart, chief economist & strategist, Asia at Cantor Fitzgerald. He tells CNBC's Bernard Lo, Oriel Morrison & Adam Bakhtiar why this move will backfire.Matt Taibbi : What Obama Has Accomplished
Marc Faber on Gold
Sunday, November 7, 2010
Gonzalo Lira: Hyperinflation is Coming to America, Here's How to Prepare
Saturday, November 6, 2010
QE2 - a financial Titanic?
Friday, November 5, 2010
Commodities Gone Wild
Rick Santelli, Jobs Rise Despite Government
Thursday, November 4, 2010
The Fed Magic Money-Printing Machine, Act 2
QE2,FED's try to jump start US economy or get Bankers rich and mission accomplished?
"What is “QE”? The first round of “quantitative easing” was a program announced by Ben Bernanke last March in response to the financial crisis, ending in March of this year. In what will soon be known as “QE1”(i.e. once QE2 is announced), Bernanke printed over a trillion dollars out of thin air, then used that money to buy, among other things, mortgage-backed securities (MBS) and Treasury Bonds. In other words, the government was printing money to a) lend to itself and b) prop up the housing market, with Wall Street stepping in to take a big cut. " Matt Taibbi on The Fed's Magic Money-Printing Machine, Act 2 http://www.rollingstone.com/politics/...
****** Quantitative easing *******
The term quantitative easing (QE) describes a monetary policy used by central banks to increase the supply of money by increasing the excess reserves of the banking system. This policy is usually invoked when the normal methods to control the money supply have failed, i.e the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.
A central bank implements QE by first crediting its own account with money it creates ex nihilo ("out of nothing").[1] It then purchases financial assets, including government bonds, agency debt, mortgage-backed securities and corporate bonds, from banks and other financial institutions in a process referred to as open market operations. The purchases, by way of account deposits, give banks the excess reserves required for them to create new money, and thus hopefully induce a stimulation of the economy, by the process of deposit multiplication from increased lending in the fractional reserve banking system.
Risks include the policy being more effective than intended, spurring hyperinflation, or the risk of not being effective enough, if banks opt simply to sit on the additional cash in order to increase their capital reserves in a climate of increasing defaults in their present loan portfolio.[1]
"Quantitative" refers to the fact that a specific quantity of money is being created; "easing" refers to reducing the pressure on banks.[2] However, another explanation is that the name comes from the Japanese-language expression for "stimulatory monetary policy", which uses the term "easing".[3] Quantitative easing is sometimes colloquially described as "printing money" although in reality the money is simply created by electronically adding a number to an account. Examples of economies where this policy has been used include Japan during the early 2000s, and the United States, the United Kingdom and the Eurozone during the global financial crisis of 2008--the present, since the programme is suitable for economies where the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.
Marc Faber : Even 1 Trillion QE2 Will Not Save Stocks
Marc Faber : ....I think QE2 will be interesting to watch , basically what we have is , back in July august investors were very bearish on the market and they talked about the The Hindenburg Omen and that everything would crash and so forth ...and what then happened is that September was very strong and October was reasonably good month as well , and the market has gone from a low on July first of 1010 on the S&P to close to 1200 , and so a lot of QE2 has been discounted and if you were mister Bernanke I suppose that you would probably disappoint investor somewhat with QE2 and watch once the market reaction , if the market really sell-off you can then increase QE2 or launch QE3 , and QE4 and QE5 and so forth , they'll be many more QEs ......etc....
Anything under a Trillion Dollars Will Dissapoint Market
Weak Dollar Strong Gold Silver Industrial Commodities
Correction then Boom in Stocks and Commodities
Reasonably Positive on Equites
Cash and Bonds Negative
China Economic Pullback Overheated
Real Cost of living 8-15%
Food 50% of living expenses
Wednesday, November 3, 2010
Markets Reaction to Fed Decision
Marc Faber still positive on Crude Oil
On the other hand, you have prices between $70 and $80 and someone could argue well that that is a very high price and so maybe prices will temporarily decline - that may be the case. But I would like to point out that for any oil company to go and explore and drill for new oil, the oil price has to be around $70. Otherwise, they would not do it because the marginal cost of new production is around this level.
Secondly, unlike say a farmer who harvests, oil is a finite resource in the sense that once you pump it and you burn it, it is no longer there. The farmer can harvest his crop every year again and again and again. In the case of oil, once you pump it, it is gone and you use it. So in most countries, oil production is going down and oil reserves are going down. In other words, the world will hit one day peak oil, the way the US hit peak oil in 1970. So the dynamics between the demand and the supply side look actually quite promising in the long run. ...
Marc Faber in an interview with the economictimes.indiatimes.com dated 28 Sep, 2010
Tuesday, November 2, 2010
Rick Santelli to Policymakers: You Cant Keep Sweeping Things Under the Rug
Marc Faber I like the agricultural commodities but we will get kind of a setback
The whole world is now optimistic and positioned to take advantage of forever expansionary monetary policies by buying assets, precious metals, real estate, equities, and everybody believes that the central banks in the world will print and print and print and print. That is correct, they will do that, but they printed, printed and printed and we still saw a financial crisis in 2008. So I can print and print and print, and you can still have big corrections in the market. But I believe that if the S&P in the US drops 15-20% to around 900-950, the Fed would come out not with this quantitative easing No. 2, but with quantitative easing No. 2, 3, 4, 5, 6, 7, 8, 9, 10 until the asset markets go up again. They are going to print and print and print. ``
in economictimes.indiatimes.com 28 Sep, 2010
Monday, November 1, 2010
Marc Faber : when emerging economies go up, commodities also go up
So it’s a mixed picture. But in general I would say - if I look at rural areas in Asia , in Indonesia, Malaysia, Thailand, the Philippines and also India - the rural areas are doing very well. So it’s a plus for their economies because by and large the urbanisation rate in the case of India is still relatively low. ...
in economictimes.indiatimes.com
Marc Faber anything less than $1 trillion From Bernanke could disappoint investors and might prompt a Market correction
Sunday, October 31, 2010
Marc Faber : I think a correction is overdue,
Speaking with Margaret Brennan on Bloomberg Television's "InBusiness" on Tuesday, Faber said the next round of quantitative easing will be interesting to watch as a lot of QE2 has already been discounted and may have the unintended consequence of prompting a market correction.
"Back in July- August, investors were very bearish on the market. What then happened is that September was very strong and October was a reasonably good month... and the market has gone from a low on July 1st of 1010 on the S&P, to close to 1200," he said.
Read full article >>>>
Friday, October 29, 2010
Faber Interview on U.S. Stocks, Fed Policy
Stephen Roach Housing Still in the Weeds
Thursday, October 28, 2010
Stephen Roach, Americas Economy Looks Cloudy
Marc Faber : Stocks and Gold Correction Overdue
Marc Faber : ....I think that a correction is overdue, but I wouldn’t think the bear market is around the corner. I think on a correction there will be buying opportunity and I think we will have a crack up boom in stocks.....
Stephen Roach, U.S. Has Japan Disease, Could Drag Global Economy Into a Quagmire
Roach expounds on that idea in the accompanying interview, recorded at The Economist’s Buttonwood Gathering in New York City.
The message is simple: The U.S. has learned nothing from Japan. If it continues on the path of QE2, “Japanese disease” is likely to spread like a pandemic throughout the globe, he warns. "I am increasingly worried that the world economy is at risk of falling into a Japanese-like quagmire." read full article >>>>>
Wednesday, October 27, 2010
Joseph Stiglitz : TARP Returns a Drop in the Bucket Compared to Damage Done
Marc Faber Market Sell Off On QE2 Announcement
Oct. 26 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks. Faber, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," says more monetary easing could disappoint investors and may prompt a correction in U.S. stocks. (Source: Bloomberg)
Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks.
Marc Faber : the future will be a total disaster,
Tuesday, October 26, 2010
Marc Faber QE2 to Drive Down Stocks
Marc Faber on Bloomberg 10/26/10
Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks.
Marc Faber : ....I think QE2 will be interesting to watch , basically what we have is , back in July august investors were very bearish on the market and they talked about the The Hindenburg Omen and that everything would crash and so forth ...and what then happened is that September was very strong and October was reasonably good month as well , and the market has gone from a low on July first of 1010 on the S&P to close to 1200 , and so a lot of QE2 has been discounted and if you were mister Bernanke I suppose that you would probably disappoint investor somewhat with QE2 and watch once the market reaction , if the market really sell-off you can then increase QE2 or launch QE3 , and QE4 and QE5 and so forth , they'll be many more QEs ......etc....
Monday, October 25, 2010
Bernanke On Housing Finance
Dollar at Risk of Becoming Toxic Waste
Sunday, October 24, 2010
Marc Faber : Print, Print and Print
Full Story:
CLICK HERE FOR ORIGINAL SOURCEFriday, October 22, 2010
Niall Ferguson: Chinese More Committed to Capitalism
Marc Faber on Deflation and Inflation
Marc Faber: Yes. And also I’d like to point out that in an economic system you can always have, in some sectors of the economy, deflation and then in the other sectors inflation. And we have now a global economy. I can assure you, you can go anywhere in the world – whether it’s Brazil, Africa, Asia, Central Asia, Russia.
The price level today is of course much higher than 20 years ago or ten years ago. So the US and western Europe, they may have on an international scale a bias towards maybe deflating a little bit, certainly. Real wages are deflating. But in emerging economies you have a lot of inflation. In some countries you have food prices going up annually at 20 percent per annum. And nobody can tell me that his energy bill is today lower than it was ten years ago.
Because the price of oil is much higher. It is up from ten dollars a barrel to say eighty dollars a barrel.
via the Daily Reckoning
Dr. Marc Faber Tomorrow's Gold
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
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