Archive for May, 2010
After watching a great video with Hugh Hendry posted on Zero Hedge earlier today, I decided to search the archives of past-dated interviews with Mr. Hendry. Why? Because the establishment has such a one-sided agenda of hiding the truth from the public that their modus operandi is always the same when confronted with the truth in present day. The establishment which includes Finance Ministers, Treasury Secretaries, and yes, Nobel Prize winning economists, always attempts to ridicule anyone that exposes their fraudulent analysis and expresses dissension to their establishment views. In retrospect, when we listen to their past arguments, we can always expose their views as propaganda and their ridicule of opposition views as an attempt to maintain their veneer of lies and deceit. Read more …
May 28th, 2010
Here are 10 gold charts that every global commercial investment firm is terrified to show their clients. When priced in ounces of gold, major western stock market indexes have performed horribly over the last 8 ½ years. Since, 2002, the US S&P 500 has lost a whopping 78% of its value. The Australia ASX All Ordinaries Composite (similar to the US S&P 500 index) and the UK FTSE indexes have not fared much better, respectively declining 70% and 77% in value. So despite all the hoopla about record runs in global stock market indexes in 2009, the great bubble machines operated by Central Banks have guaranteed that it may take another 20 or 30 additional years before investors break even in nearly every developed stock market index and even some emerging stock market indexes when the returns of these indexes are measured in gold. Read more …
May 21st, 2010
Lars Schall of MMNews Germany has recently interviewed many outspoken critics of the inner workings of our global financial system including former Federal Housing Commissioner and Solari Inc. President Catherine Austin Fitts and Associate Professor of Economics and Law at the University of Missouri, Kansas City (UMKC) William K. Black. Below is my recent interview with Mr. Schall. Read more …
May 17th, 2010
With six consecutive intraday triple digit swings from high to low in the DJIA index, here’s the safest bet during these uncertain times. Beginning last Thursday, volatility has returned to US markets with a vengeance. So who’s going to win the battle between the bulls and bears now? With the loss in confidence in global markets and the further exposure of the rigging games of markets precipitated by the 700 point drop in the DJIA in ten minutes last Thursday, sustained volatility and further corrections are likely in our near future. If so, then where’s the safest place to be now? The same place it has been for the past five years – precious metals.
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May 14th, 2010
Central Bankers always seem to do the wrong things at the wrong times in manners that hurt the citizens of their country in the maximum amount possible. Not only do they commit these mistakes, but they commit the same mistakes over and over and over again with the insane belief that executing the same mistake will produce a different outcome. So I suggest that the next person US President Obama appoints to the Board of Governors of the US Federal Reserve should be a US Navy SEAL. In fact, he should also appoint a SEAL to his Presidential Economic Advisory Board. At a minimum, by employing SEAL culture to this financial crisis, we would not have the current crop of buffoons execute the same mistake over and over again and have them sell us their mistakes as recovery that are in reality, cover ups for the next imminent collapse. Read more …
May 11th, 2010
Yesterday’s slide in the US stock markets provided further proof that the world’s financial markets are nothing more than a rigged casino where the house (Wall Street) holds by far the better odds in every game (currency markets, stock markets, derivative markets, commodity markets) it offers the mark (the retail investor). How else could the US DJIA lose 700 points in a 10-minute span and a number of blue chip stocks lose 25%, or 30% in a matter of minutes as well? The answer? Wall Street’s use of predatory algorithmic High Frequency Trading (HFT) programs that are designed to trigger cascade-like buying and selling. To believe that, as an individual investor, you have a snowball’s chance in hell of beating these Wall Street trading programs that front run your trades or block your trade executions faster than you can blink your eye is tantamount to believing that skill is involved in winning when you shimmy up to the slot machine stool at the Bellagio in Vegas. Read more …
May 7th, 2010
