Matt Taibbi : The Big Banks will be ripping off people again

Matt Taibbi : The Big Banks will be ripping off people again Maddof ran his ponzi scheme for a long time . People had to know what he was up to . People must of been paid great sums of hush money . Thats what the banker bail-out was , hush money .here are no consequences for Obama's deceptions either. America is not a democracy. Let's get that straight. This is fascism at work.END THE FEDERAL RESERVE.....ABOLISH THE IRS.....RESTORE THE REPUBLIC


No our politicians are NOT isolated. Our politicians DO SEE what's going on.
Our politicians are corrupt. Our politicians are effectively owned by banks and the rich. They will never regulate banks / credit cards /  insurance / oil company prices / medicine / pharmaceuticals / .... or anything else that represents big business.They laugh while we suffer. They get rich from your loss. They profit from war. They steal and are protected. They get bailouts, we lose our homes. They rule the media, the banks, the government. They own you.Greedy bankers,corporate thieves,corrupt politicians,business man that commit envronmental crimes...We will never be free during these kind walk free on the world, TO LIVE FOREVER IN JAIL thats what they deserve and need to happen...

Marc Faber : I believe that the fiscal deficit will not come down it will rather increase going forward

Marc Faber  : ...well I think that Quantitative Easing number two will come to an end , and the FED will then wait for a while and the moment the markets are down say the S&P is down 20 percent so you will have have QE3 , QE4 and so forth , ..no doubt , no doubt that and also I believe that the fiscal deficit will not come down it will rather increase going forward ....If you look at the markets internals many stocks are already down 20 percent some are already down 30 percent the market the indices do not reflect what has been happening within the market because you have within the indices a few stocks that have been lad-reds before like Johnson & Johnson Proctor & Gamble they are now kind of supporting the market but individual stocks a lot of them are down substantially already ....in Bloomberg TV interview May 26 2011

Catherine Austin Fitts on Jeff Rense 25 May 2011

Catherine Austin Fitts on Jeff Rense 25 May 2011


Catherine Austin Fitts of Solari.com joins us to discuss ways that people can stop empowering the system that is enslaving them by withdrawing support for large banks and financial services. Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.
Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago - around $12 trillion - has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.

Marc Faber : we need a shake out both for commodities and for equities

Dr Marc Faber asked by Carol Massar of Bloomberg TV in New York 25 May 2011 about what we are seeing in equities right now ? Marc Faber: "...well I think we had huge move (in equities) from march 2009 lows and then we made an intermediate peak in April 2010 and then we had a big correction in July first 2010 and since then the S&P rose from 1010 to a peak of 1370 the other day and so basically we had from the low in last July a rise of 35 percent and I think we need a correction period for these markets and we need a shake out both for commodities and for equities , and I think , people always ask why is the market is going up and why is the market going down and frequently you will know later on , I happen to think that the global economy is slowing down meaningfully at the present time and that earnings estimates are by in large too optimistic and that we will also have significant geopolitical problems in the world "

Marc Faber : The Inflation in the US is closer to ten percent

Marc Faber : "...we had a huge run in asset prices , from the lows in March 2009 until recently , I do not think they will continue to go up a lot , I rather think that QE2 will come to an end that we will have a correction and then we will have more money printing but it may not help the economy at all "

"...I think what will happen is that these deficits will stay very high and that they will lead to very high inflation rates most likely hyperinflation not tomorrow but over time , all I can say is I travel a lot and I am surprised that the US can publish a consumer price index of two percent when everything I see is up significantly in price not a little bit , significantly and so I think here the rate of inflation has to be closer between 5 and 10 percent ,in my opinion closer to ten percent than five percent ,and elsewhere I also see prices going up substantially and so the potential for high inflation is actually there ....."

Marc Faber Interview Bloomberg TV 25 May 2011

Marc Faber Interview Bloomberg TV 25 May 2011



May 25 (Bloomberg) Marc Faber : ..recession in China could be a technical recession , if you go and slow down from a growth rate of say ten percent to a growth rate of three percent then there is a recession , also I do not believe in the growth rate that China publishes , because if you had adjusted nominal GDP for the true rate of inflation then real growth is of course much slower , you know I want to tell you something that disturbs me in all emerging economies and in many other developed economies , from my taste , in front of far too many luxury hotels there are far too many Ferraris, Maseratis, Bentleys... I see a boom everywhere, except for the working class, except for the lower, middle class. But among the well to do people the wealth that is floating around and the prices you pay for high end properties is incredible, and I think that will come to an end, and a lot of people will lose a lot of money... I was in La Jolla, Laguna Beach, Newport Beach, I was in front of a restaurant smoking and I've never seen so many Ferraris, Maseratis, Bentleys and fancy cars anywhere in the world, and this is in America. I am not saying this is wrong, but there is an opulence among a small group of people that is huge when there are lots of people that are struggling. This gives me a bad feeling because I've seen so many emerging economies when they were booming, that was the time to get out." Marc Faber told Bloomberg

Marc Faber, I see a boom everywhere except for the working class

May 25 (Bloomberg) Marc Faber : ..recession in China could be a technical recession , if you go and slow down from a growth rate of say ten percent to a growth rate of three percent then there is a recession , also I do not believe in the growth rate that China publishes , because if you had adjusted nominal GDP for the true rate of inflation then real growth is of course much slower , you know I want to tell you something that disturbs me in all emerging economies and in many other developed economies , from my taste in front of luxury hotels there are far too many Ferraries and Maseraties and Bentleys and this is not a good sign , you should see depression when conditions are depressed . I see a boom everywhere except for the working class and except for the lower middle class , but among the well-to-do people the wealth that is floating around and the prices you pay for high end properties is incredible and I think that will come to an end and a lot of people will lose a lot of money and so I am ultra careful at the present time ....." Marc Faber interviewed by Bloomberg TV May 25 2011 : Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for China's economy. Faber also discusses the U.S. economy and budget deficit, and his investment strategy

William K Black Theory of Corporate Fraud

William K Black's Theory of Corporate Fraud . former banking regulator William K. Black speaks about rackets and fraud in the financial sector.
William K. Black, says Wall Street is already been breaking current rules.The fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Chairman Bernanke, and the bankers' trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce.

Marc Faber : I think we are all doomed

Marc Faber : ..."I think we are all doomed. I think what will happen is that we are in the midst of a kind of a crack-up boom that is not sustainable, that eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole, derivatives, the market, and everything will collapse, and like a computer when it crashes, you will have to reboot it.For the investor, the question is: How do I navigate through this complete disaster that is going to unfold? And I think if you look at different asset classes -real estate, equities,bonds, cash, precious metals– I suppose that you have to be diversified. I think real estate in the U.S. may go down another 10% or so, or even 15%, but I am always telling people, if you can buy the piece of land or the house you like, what do you actually care if it does down another 10%? If everything I bought in my life had only gone down 10-15%, I would be very rich, because a lot of things became worthless, especially loans to friends, and bonds, and so forth.Look at the history, for example, of Germany, for the last 100 years. They had World War I. They had the hyper-inflation in World War II. The bond-holders got wiped out three times. If you owned Siemens, and you still own Siemens today, it was not a fantastic investment, but at least you still have something. You were not wiped out. I think that in equities you will be better off because you have an ownership in a company,than by being the lenders to companies, and the lenders, especially, to governments "
In an interview with MacAlavany

Matt Taibbi : Wall Street Insiders Are Using the Bailout to Stage a Revolution

According to Matt Taibbi - journalist, author and contributing editor to Rolling Stone magazine , Wall Street executives from Goldman Sachs should be plucked from the board room and thrown into court. If Roger Clemens and Martha Stewart are brought before juries for lying, why shouldn't the same happen to the men who are responsible for the state of the US dollar? Wall Street is a direct threat to the national security of America, says Taibbi, and he fears that the country's economy is in danger of going completely corrupt.Another interesting connection between Goldman Sachs and Greece: Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

Inflation is a very vicious tax on honest people savings

In a recent interview with David McAlavany Dr. Marc Faber answered this question about inflation
David McAlavany: It seems like perhaps one of the best strategies that they have to employ is a manipulation of the CPI numbers so that people assume that real-world inflation is 2 to2½%, while running at a 5% rate, essentially cutting the debts in half over a long enough period of time. If real-world inflation is, as John Williams of Shadow Stats has said,closer to 8%, then we are alleviating a lot of our existing stock of debt, at a rapid rate.
Marc Faber : Correct. But you understand, you are not really helping the economy, you are impoverishing, let’s say, the honest people who are decent, who have deposits, who save money and keep it in the banking system, who simply do not want to speculate. So, it is a tax on people’s savings, and it is a very vicious tax, because it is not so obvious to them,but it will become obvious one day, when with their money they can buy less and less. In other words, the purchasing power of money goes down. That is why I am telling everyone, if you already own cash, consider gold and silver to be a component of your cash portfolio, and own some of it, because the government can appropriate it, but otherwise they cannot fiddle around with it in terms of increasing the supply.

Joseph Stiglitz, The Euro an Unfinished Project

Economics Nobel Prize Joseph Stiglitz says that the bailouts were bailouts for the lenders the big banks , a more political integration was needed in order to make the Euro work he said optimistically the Euro was an unfinished project and there will be ultimately a crisis , he claims that many America economists and commentators expected a crisis to occur in Europe with the Euro. He outlines the two conceptions about how the Euro failed. The only way to save the Euro is to create a real commitment to make sure the failing economies can re-pay their debts.



Joseph E. Stiglitz Bio : Joseph E. Stiglitz is University Professor at Columbia University, the winner of the 2001 Nobel Memorial Prize in Economics, and a lead author of the 1995 IPCC report, which shared the 2007 Nobel Peace Prize. He was chairman of the U.S. Council of Economic Advisors under President Clinton, and chief economist and senior vice president of the World Bank for 1997-2000.

Stiglitz received the John Bates Clark Medal, awarded biennially to the American economist under 40 who has made the most significant contribution to the subject. He was a Fulbright Scholar at Cambridge University, held the Drummond Professorship at All Souls College Oxford, and has also taught at M.I.T, Yale, Stanford, and Princeton. He is the author most recently of Freefall: America, Free Markets, and the Sinking of the Global Economy.

Joseph Stiglitz, The End Of The Eurozone? — European Zeitgeist 2011

The European Nations need their Sovereignty back and to get away from the bankers .Excellent discussion. Pretty humorous responses,by Joseph Stiglitz, with anecdotes from Iceland’s response to the crisis. “We are out of money, but we can pay you in fish.”
“The only people I saw in Iceland who were concerned about the banking crisis were foreign bankers holed up in the local Hilton.”
hey want to be able to economically enslave the population. Its happening before our eyes

Matt Taibbi on Wall Street Criminal Syndicate

Matt Taibbi - journalist, author and contributing editor to Rolling Stone magazine. Matt is right, it is dangerous to assume the attitude of "it's already over, let's not bother going back and stirring up the hornet's nest." By way of the government becoming a lawless entity so has Wall Street - the two are completely 'co-mingled'. We need to take our suffering and outrage to the polls in 2012, mine will be expressed in my vote for RON PAUL, and voting OUT whatever incumbent Representatives up for reelection (because all of mine are traitors).



It is NOT time to move on. These criminals need to be brought to JUSTICE. The crimes of wall street and the city of London have to be answered for. This affected millions of good, honest people who lost everything, while, those who caused it were actually rewarded by being bailed out, and now are back to the level of bonuses they had before the crash. BRING THEM TO JUSTICE .Corporations can spend unlimited amounts on elections due to the Citizens United ruling (Corporate Personhood) which makes Corporatism possible. Ron Paul hasn't made so much as a peep regarding Corporate Personhood. Now someone like Bernie Sanders on the contrary has, even recently calling for a Constitutional amendment that would strike down that ruling.

Puru Saxena, QE3 Is On The Way

Puru Saxena, chief executive at Puru Saxena Wealth Management, says the recent sell-off in commodities is a perfect backdrop for QE3.another Quantitative Easing Is On The Way he says the world has selected the Gold as the anti currency he added more and more money will pour into gold and silver the real hard assets

Marc Faber recommends precious metals for the average investor

In an interview with ET Now Dr Marc Faber advises the average investor to go for physical gold and silver :" For the typical investor, I would look at precious metals. They are now correcting on the downside, but I do not think there is a huge downside risk. I would recommend investors to gradually accumulate precious metals." he said , and when asked which one of the precious metals he prefers gold or silver he answered " They move in the same direction, and silver is more volatile. Each individual has to decide himself what he prefers - a more volatile commodity or a more steady commodity. I prefer gold for a variety of reasons, but I can see that may be silver will outperform gold in a bull market."

Matt Taibbi Goldman Sachs CEO should be in Jail

Blankfein is a bigger threat to America than Osama could ever have hoped to be.
And the so-called "war on terror" is just a front for American imperialism in the Middle East.According to Rolling Stone's Matt Taibbi, Wall Street executives from Goldman Sachs should be plucked from the board room and thrown into court. If Roger Clemens and Martha Stewart are brought before juries for lying, why shouldn't the same happen to the men who are responsible for the state of the US dollar? Wall Street is a direct threat to the national security of America, says Taibbi, and he fears that the country's economy is in danger of going completely corrupt.



The government is the terrorist and the war is here on the citizen of the USA.and the government needs to move their family to safety be for the sparks fly.patriots wake up its time to protect our country and our rights against a government of wolves that grows more power-hungry with every passing day.Aim at the head of the beast, the privately owned, Federal Reserve Bank. Who prints money out of thin air and charges us interest. Every dollar created is out of debt and triple that everytime you charge something on credit. No Matt Taibbi, Blankfein, Bernanke, and Geitner needs to be taken out. They are committing financial terrorism on the citizens of all western nations, especially here in the states. Too bad, Rolling Stone hasn't done an article on how the Federal Reserve Robs us blind.

Matt Taibbi -- Wall Street a threat to the national security of America

According to Rolling Stone's Matt Taibbi , Wall Street executives from Goldman Sachs should be plucked from the board room and thrown in Jail. Great Goldman is going be eliminated they are only part of the problem! Down with the Fed Reserve! I feel that they should be charged with treason for the devastating blow to the american economy, Some of our politicians should be charged along with them for aiding and abetting those crooks. I seriously doubt that any of these crooks will serve any jail time.

Marc Faber : The deficit mathematically cannot come down

Dr Marc Faber answering the question by David McAlavany :
What measures might the Fed and the Treasury employ to defend the bond market as it is so critical to the financing of our deficits and our way of life in America?
Marc Faber : I think they do not necessarily want to support the bond market, because the debt issuance is so huge, they almost have to monetize part of the debt. I have read Treasury reports in 2010 by Tim Geithner saying the U.S. government debt increased by more than 2 trillion dollars during that period of time. The deficit, in my opinion, mathematically,cannot come down, because 80% of the budget is mandatory expenditures, in other words, you cannot cut them. Legally, they have to be met.Of the remaining 20%, you can cut a little bit, but not that much, because then services collapse. In my view, the fiscal deficit of the U.S. will stay around 1½ trillion dollars for as far as the eye can see, and maybe even go to 2, or 2½ trillion dollars, and then the interest expenditures on the debt go up. So actually, over time, in my view, unless taxes are increased significantly, and spending is cut significantly, not by a little bit here, a little bit there, the budget will never again be balanced, and that will then necessitate, in time, QE-III, QE-IV, and QE-V. Taxes cannot be increased dramatically, because if you increase them very substantially, we will go straight back into a recession.

John Embry & James Turk on The Silver Correction and overall economy

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ...

The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...

John Embry & James Turk on The Silver Correction and overall economy

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ...

The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...

John Embry & James Turk on The dollar crisis

John Embry Chief Investment Strategist at Sprott Asset Management  discusses with GoldMoney Foundation Director James Turk the worsening fiscal position of the US government with GoldMoney Foundation Director James Turk. In John's view, America is likely heading for hyperinflation thanks to the current fiscal policies of the Federal Reserve.: I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row

High Frequency Trading Explained

A rare look inside the secretive world "high-frequency trading," a controversial technique the SEC is scrutinizing in which computers can make thousands of stock trades in less than a second .The high frequency trading algorithms can also -manipulate- the market (predatory algorithms are one example). The argument for liquidity doesn't make complete sense : you only need millisecond liquidity for the high frequency traders! The exchanges already have circuit breakers (suspend trading if stock loses 10% in 15 minutes), why not another rule that limits the advantage and potential for manipulation by HFT: impose a 20 millisecond delay on all transactions! High frequency trading adds no value to the market, its practitioners produce nothing. Therefore, I propose taxing each of these transactions (that number in the thousands) 5 cents. This could take a big dent out of the deficit



Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.
NYSE director: "most investors don't care about pennies in stock price"?! that's so ABSURD! it's obvious that someone is losing money to these money-sucking parasites! why is the NYSE director defending them? b/c he's renting those expensive trading machines to them!? such an obvious conflict of interest
I think US Congress need set up new rule for “High Frequency Trading Law” as well as monitors and watchdog on them.I also think that Investors@shareholders, and American people need to know more about how of inside “High Frequency Trading Firm Works..?

Bill Gross,on Pimco shorting US Treasuries

Bill Gross, founder and co-CIO of Pimco, explains there is a misconception that Pimco is short US Treasuries. Investors can find pristine balance sheets in countries like Canada, he adds.he discusses discuss the bond market, the U.S. deficit and Greece being the top candidate for default in Europe.

Matt Taibbi Interview : GOLDMAN SACHS vs The PEOPLE

Rolling Stone journalist, Matt Taibbi discusses the latest developments in the Goldman Sachs corruption trial. Why banksters never go to jail ????
Is Goldman Sachs Above The Law ? Obviously, blatantly, sadly, and obviously so Goldman Sachs was caught but it is still above the law . Goldman and JP Morgan own the US Government . Both political parties are protecting these criminals. That is the first thing we need to understand.These banks should have been nationalized. Of course then the Republicans would have called Obama a communist. Deregulation allowed this theft. Republican legislators are now trying to roll back the meager new Dodd-Frank protections. These new regulations didn't go nearly far enough. And they are also trying to de-fund the new Financial Consumer Protection Agency.





Since 2008, Obama took from Corporations & Lobbyists....

Goldman Sachs $474,428

UBS Bank $298,180

JP Morgan Chase $282,387

Lehman Brothers $274,147

National Amusements Inc $265,750

Sidley Austin LLP $251,657

David Rosenberg - Inflation , Deflation or both ?

Famed economist and strategist David Rosenberg from Gluskin Sheff & Associates Inc in Toronto on the Financial Sense Newshour 13 May 2011 with Jim Puplava to discuss the US and global economic environment , Inflation and deflation trends. .The trend line in commodities is up says David Rosenberg if China is in a Ponzi scheme that implodes I imagine that will have an impact on demand ...as far as I can see home prices are deflating , the food and fuel prices are inflating but the service sector is in a deflation trend, so we have inflation in some areas of the economy while at the same time we have deflation in others but according to David Deflation is the major trend

John Williams of Shadow Stats, - Radio Liberty 12 May 2011

John Williams of Shadow Stats o the real figures on unemployment the GDP the Inflation the consumer price index and the overall US economy , John Williams who is an independent economist not funded by any government agency , his figures are different from the official figures that the US government shows publicly....

Matt Taibbi : Goldman Sachs Should Be Prosecuted

Rolling Stone journalist, Matt Taibbi joins Thom to discuss the latest developments in the Goldman Sachs corruption trial. Why banksters never go to jail ????



report shows that investment bank Goldman Sachs should face criminal charges.Rolling Stone - The People vs. Goldman Sachs A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges
By Matt Taibbi
http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511

Marc Faber on The government deficit reduction plans

Marc Faber  :  there have always been deficit reduction plans and none of them was kept because of politics and because of the economic situation I think may be may be you can cut the deficit from say one and half trillion dollars down to one point four trillion by a hundred billion dollars or so ,but they argued now for almost six months to cut the deficit or reduce the deficit by something like forty billion dollars ...what does it matter 40 billion dollars on one and half trillion dollars ....in CNBC

Ben Bernanke Confronted with some real questions !

Ben Bernanke chairman of The Federal Reserve confronted by Luke Rudkowski of WeAreChange about the Bilderberg meeting and why is he destroying the US Economy...

John Embry & James Turk on The Silver Correction and overall economy

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ... The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in...

Mark Mobius, Commodities Will Fluctuate But Rise

Mark Mobius, Commodities Will Fluctuate But Rise , Mark Mobius, is Executive Chairman of Templeton Emerging Markets Group joined CNBC to discuss the euro zone debt crisis and the commodities.

Marc Faber outlook for Gold

" When everybody thinks alike, I become very defensive,” “I’m deferring any new purchases of the beneficiaries of the inflation trade, except for gold.” Marc Faber was reported to have said Tuesday at the New York Hard Assets Investment Conference , Marc Faber reiterated his bullish outlook on gold but made cautious comments on stocks and cyclical commodities according to www.goldalert.com , contrarian investor Marc Faber is known to be a long time bull on gold , silver and commodities in general

John Williams of Shadow Stats : The Fed is a Private Corporation

John Williams on the true state of the US Economy

John Williams of Shadow Stats : what you have to keep in mind is that the FED is a private corporation owned by commercial banking and commercial banking interests , although it may have a mandate from the federal government that you have to work to maintain sustainable economic growth and and you have ti contain inflation its primary mission basically is to keep the banking system afloat and healthy , and the banking system is not healthy when there was fear of a system collapse back in 2007 , in 2008 whe the TARP was introduced , they weren't kidding the system was on the brink of collapse.....

Doug Casey : The Science of Economics is Corrupt

Economist, author, and entrepreneur Doug Casey speech at the 2011 Casey Research Spring Summit in Boca Raton, Florida. Listen as the chairman of Casey Research discusses how America's lack of a philosophical anchor, atmosphere of fear, and a reflexive belief in the government are contributing to the decline of America.

The growth of China M2 money supply

The growth of China’s M2 money supply, which has exceeded the U.S. total, signals further declines in commodities and stocks as it boosts prospects for more interest- rate increases in the world’s second-largest economy, according to investor Marc Faber. in Bloomberg

James Turk : Hyperinflation the Banking system and fiat currencies

James Turk explains how Hyperinflation occurs the difference between the paper currency hyperinflation and the deposit currency hyperinflation..., the Banking system and fiat currencies



James Turk :...Hyperinflation manifests itself in two different ways , and the way it manifests itself depends on the nature of the banking system in the country where the hyperinflation occurs , so for example , we all know the pictures of the Weimar Republic in the 1920s and people moving wheel barrels full of paper currency around or we have seen similar thing just happened recently in Zimbabwe or 15 years ago we seen the same thing in Yugoslavia in those economies the banking system was not sophisticated very few people had bank accounts and commerce was conducted by moving paper from hand to hand in other words it's paper currency , ..that's what I call a paper currency hyperinflation and it occurs because there is a very unsophisticated banking system very few people had bank accounts and most commerce is conducted by actually moving paper currency around to complete the transaction ...

Marc Faber : we are in a money-printing environment

Marc Faber : I think that there will be some decoupling, and whenever you look at the markets,different sectors perform differently, but generally speaking, in the same direction. So if someone were to take a very bearish view about emerging stock markets, I do not think he should go into European stocks or U.S. stocks. I take a more balanced view. I think we are in a money-printing environment. If something happens in China, they will print even more than the U.S. prints. If something in happens in Europe, they will also print money They are going to print money everywhere, and with interest rates, essentially on short-term deposits, being zero, or below zero, inflation-adjusted, in other words, if inflation rates everywhere in the world are higher than the interest rates on short-term deposits, I think, for the investor, the question is really, “How do I invest my money for the long - term?” I think that you cannot make a very bullish case for stocks, but I think you can make a more bullish, or more positive, case for stocks than say, for U.S. government bonds,because the specifics in the U.S. will stay very high, and the quality of the banks will diminish and the interest payments as a percent of tax revenues will go up, and so forth. So whether you believe in, let’s say, an economic recovery and world growth, or if you believe in disaster, in either case you are probably better off in equities than in bonds.In terms of returns, I agree with you, I do not think that the returns will be fantastic, but if you print money it is very difficult to say what the returns will be, because it is not stocks that adjust on the downside, but it is the currency that adjusts on the downside. So in theory, it is possible that the Dow could double if you print money, or it could even go up10 times, depending on how much money you print, and with Mr. Bernanke at the Fed, I think it is quite likely that a lot of money will be printed. "

Marc Faber McAlvany 25 fev 11

Jim Sinclair on the Inflation Deflation Debate

Jim Sinclair on the Inflation Deflation Debate



Jim Sinclair (via http://jsmineset.com/about/) is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.

From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker.

He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies).

In April 2002, shareholders of Tanzanian Royalty Exploration (formerly Tan Range Exploration) approved the acquisition of Tanzania American International, a company managed by the Sinclair family. Following this transaction, Mr. Sinclair became Chairman of Tanzanian Royalty and now leads its efforts to become a gold producer and royalty company.

He has authored numerous magazine articles and three books dealing with a variety of investment subjects, including precious metals, trading strategies and geopolitical events, and their relationship to world economics and the markets. He is a frequent and enormously popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad.

In January 2003, Mr. Sinclair launched, “Jim Sinclair’s MineSet,” which now hosts his gold commentary and is intended as a free service to the gold community.

David Rosenberg, April Jobs Data Shows Squeeze in Wages

David Rosenberg, The Headline is about the only good number that was in the report , we have actually lost a 190 thousand jobs , the fact that the employed population ration actually went down by a tenth of the percentage point , ..the question is what industry is filling these jobs , .what matters for spending and GDP is income ...we are climbing out of a deep hole....David Rosenberg, is chief economist at Gluskin Sheff & Associates, talks about the April U.S. jobs report and the outlook for the economy. Payrolls increased by 244,000 workers last month, the biggest gain since May 2010.

Marc Faber : stocks will go up because of money printing

Marc Faber   “The more things will go bad, the worse things become, the more the money printer at the Fed, Mr. Bernanke, will print,” “He will print endlessly. Even if things go bad economically, you could have no revenues at companies and no earnings and stocks will go up because of money printing.”

Marc Faber : Gold is Cheap

Marc Faber in an interview with moneycontrol recently said that he does not believe that Gold is in any kind of bubble , in fact it is still cheap at these prices :..."... In gold and silver terms, Marc faber said , the Dow Jones over the last 10 years has already lost more than 80% of its value. "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hrs a day. But I don’t think it’s really a bubble. I think may be gold is cheap."

Marc Faber : money is losing its purchasing power if you keep it on deposit

Marc Faber : "The absolute level of interest rates doesn't tell you whether there is tightening or not. In China, they increased the interest rates over the several times. But with inflation running at between 8-10% per annum and the deposit rate at 3.25%, money is losing its purchasing power if you keep it on deposit,"
in moneycontrol.com

Marc Faber expects a 20% correction in the Silver Market

Dr. Marc Faber has just released his latest issue of the GBD Gloom, Boom, and Doom Report where he gives his outlook for the stock market, gold and silver , emerging markets, and other financial issues. regarding the precious metals Marc Faber is still bullish on Gold as a long term investment however he is more cautious when it comes to silver because due to the recent sharp surge in silver's price in a relatively short time ( Silver gained 500% in two years and practically doubled in almost three months only ) Marc Faber expects to see a 20% correction

Mohamed El-Erian - the Killing of Osama golden opportunity for the capitalism

Mohamed El-Erian is hopeful that this is a golden opportunity for the capitalism , this is a multispeed world different parts of the world are doing different things some people have inflation problem other people have growth problem says El-Erian , it sounds pretty chaotic when you look at it from the outside

Marc Faber outlook for The U.S. equities market

Dr. Marc Faber in an interview with Radio host McAlavany last February when  he was asked about his outlook for the U.S. equities market : ."...We didn’t have a decent run, we had a fantastic run. The S&P has doubled, and in emerging markets we have price increases that are far better than a doubling of the indices. In general, emerging economy stock markets since 2003 have way out performed the S&P. So we had unbelievable moves in markets. In the U.S. we only had on two previous occasions a move such as we had in the last 27 months from 666 on the S&P to over 1300, and that was in 1934, coming off a major low when the market had declined by 90% between 1929 and 1932, and then another move into between 1934 and 1937,and that was then followed by renewed extreme weakness in the markets.So stocks have done fantastically well, and I was fortunate to be relatively positive about equities between October 2008 and March 2009.But if someone had asked me, “Do you think the S&P will double?” I would not have expected a doubling.I would have thought the market would rebound, maybe by 40-50%, but not a doubling.The markets in the world, between March 2009 and today, have done actually much better than anybody had expected. Starting in November 2010, the American market started to weaken, and I think that we have just begun a more significant correction in the U.S., whereby I expect the fact that international investors over-weighted the American economic stock market until recently, and under-weighted the U.S., and now money is flowing back into the U.S. I think emerging stock markets will go down further, but I would probably just stay out of the U.S...."

Joseph Stiglitz on Quantitative Easing

Joseph Stiglitz , the Nobel Prize-winning Economics Professor from Columbia and Joseph Gagnon of the Peterson Institute for International Economics and , debating about the topic of QE II quantitative easing.


Joe Stiglitz and Joe Gagnon Debate QEII from Roosevelt Institute on Vimeo.

China has a trade deficit with Asia - Marc Faber

China has a trade deficit with Asia


Dr. Marc Faber Chairman of Faber Limited speaking to Mike Maloney about the chinese trade deficit with the rest of Asia , The dollar and of course Gold and Silver ....: ...what is happening is because the productivity in China has increased so much in the last couple of years they have become very competitive and so they have a growing trade surplus with the United States at the same time what has happened is if you look at the exports from Asia to the US then before in the seventies when China was still a communist country the big growth engines in Asia were Japan Taiwan and South Korea to some extent Honk Kong and Singapore these countries used to export to the US , now a lot of these countries are exporting components to China they are then processed in China and shipped to the United States , so whereas China has a growing trade and current account surplus with the US they have a growing trade deficit with the rest of Asia and of course because of the huge appetite for the raw materiel they have a trade deficit also with OPEC but you have to give the Chinese credit whereas the US has a trade deficit with OPEC over a hundred billion dollars the Chinese have a trade deficit with OPEC of only a 4 billion dollars because they're very good at selling goods to countries that supply them with raw materiel ....