November 30, 2009 International Forecaster November 2009 (#8) - Gold, Silver, Economy + More
By: Bob Chapman
GoldSeek.com
Monday, 30 November 20
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
Continue Reading
UAE markets suffer heavy losses By: Bob Chapman
GoldSeek.com
Monday, 30 November 20
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
Continue Reading
By Robin Wigglesworth in Abu Dhabi and Simeon Kerr in Dubai
CNN.com
November 30, 2009
Stock markets in the United Arab Emirates fell sharply on Monday, as worries over defaults in the region’s business hub of Dubai depressed sentiment and sent local and international investors heading for the exit.
Continue Reading
Dubai’s November pain provides a glimpse of what may lie ahead CNN.com
November 30, 2009
Stock markets in the United Arab Emirates fell sharply on Monday, as worries over defaults in the region’s business hub of Dubai depressed sentiment and sent local and international investors heading for the exit.
Continue Reading
The Dubai episode reveals that the global financial crisis is not yet over.
Stephen King
IndependentUK
Monday, 30 November 2009
Continue Reading
Freak Show Stephen King
IndependentUK
Monday, 30 November 2009
Continue Reading
by Bill Bonner
LewRockwell.com
Governments benefit from ‘teaser’ rates. Wait ’til they come to an end…
There are so many breathtaking things going on around us we practically suffocate. Last week, three-month US Treasury-bills yielded all of 0.015% interest. Some yields were below zero. In effect, investors gave the government money. The government thanked them and promised to give them back less money three months later. How do you explain this strange transaction? Was there a full moon?
Continue Reading
Chinese grow ever hungrier for gold LewRockwell.com
Governments benefit from ‘teaser’ rates. Wait ’til they come to an end…
There are so many breathtaking things going on around us we practically suffocate. Last week, three-month US Treasury-bills yielded all of 0.015% interest. Some yields were below zero. In effect, investors gave the government money. The government thanked them and promised to give them back less money three months later. How do you explain this strange transaction? Was there a full moon?
Continue Reading
Record output is expected this year but will still fall far short of demand
By Feiwen Rong
BusRep.za
November 30, 2009
China may have record gold demand and output this year as jewellery consumption soars and mining firms expand production after prices reached all-time highs, according to the China Gold Association.
Continue Reading
Dubai Panic Provides Stress Test for GoldBy Feiwen Rong
BusRep.za
November 30, 2009
China may have record gold demand and output this year as jewellery consumption soars and mining firms expand production after prices reached all-time highs, according to the China Gold Association.
Continue Reading
By: Rick Ackerman
GoldSeek.com
Monday, 30 November 2009
Gold’s spectacular swoon on Friday provided fresh evidence that a red-hot bull market is in no imminent danger of cooling off. The initial plunge was orchestrated by bullion bankers and other promiscuous borrowers of gold when some unsettling financial news out of Dubai triggered a misbegotten panic into, of all things, dollars. Smelling blood, gold shorts pulled their bids when it looked as though the dollar was about to soar. Alas, the buck barely got off the launching pad before gravity re-asserted itself with a vengeance. The rally was so short-lived and feeble that it will have significantly diminished the dollar’s bizarre status as a “safe haven.” That in turn will make it harder in the future for the central banks of Europe, Japan and the U.S. to kick off an inevitable dollar-support operation with some “news” annnouncement designed to promote a short squeeze. Conversely, gold’s powerful, market-driven surge will now be even more difficult for officialdom to suppress, since Friday’s rebound was so swift and steep as to purge all doubts that bulls are overwhelmingly in charge.
Continue Reading
Bye, Bye Fiat Currencies GoldSeek.com
Monday, 30 November 2009
Gold’s spectacular swoon on Friday provided fresh evidence that a red-hot bull market is in no imminent danger of cooling off. The initial plunge was orchestrated by bullion bankers and other promiscuous borrowers of gold when some unsettling financial news out of Dubai triggered a misbegotten panic into, of all things, dollars. Smelling blood, gold shorts pulled their bids when it looked as though the dollar was about to soar. Alas, the buck barely got off the launching pad before gravity re-asserted itself with a vengeance. The rally was so short-lived and feeble that it will have significantly diminished the dollar’s bizarre status as a “safe haven.” That in turn will make it harder in the future for the central banks of Europe, Japan and the U.S. to kick off an inevitable dollar-support operation with some “news” annnouncement designed to promote a short squeeze. Conversely, gold’s powerful, market-driven surge will now be even more difficult for officialdom to suppress, since Friday’s rebound was so swift and steep as to purge all doubts that bulls are overwhelmingly in charge.
Continue Reading
China, gold, and the civilization shift
By Ambrose Evans-Pritchard
TelegraphUK
Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.
Continue Reading
Financial Crisis in Dubai: Towards a Nightmare Scenario?By Ambrose Evans-Pritchard
TelegraphUK
Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.
Continue Reading
by Mike Whitney
LewRockwell.com
The default in Dubai is not the beginning of Financial Meltdown 2. Don’t look for dominoes here. Yes, it does raise serious questions about the vast debt-overhang in emerging economies – particularly East Europe. But, this is not a “sovereign default” in the strict sense, nor is there any great risk of contagion. Oil-rich Abu Dhabi is loaded with liquid assets, possibly as much as $800 billion. They could pay off Dubai World’s measly $60 billion debt without batting an eye. But Abu Dhabi wants to send its wastrel younger brother a wake-up-call by forcing Dubai to restructure its debt. That means that banks, bondholders and contractors will have to take a haircut, which is not surprising given the abysmal condition of the commercial real estate market.
Continue Reading
You Need a RifleLewRockwell.com
The default in Dubai is not the beginning of Financial Meltdown 2. Don’t look for dominoes here. Yes, it does raise serious questions about the vast debt-overhang in emerging economies – particularly East Europe. But, this is not a “sovereign default” in the strict sense, nor is there any great risk of contagion. Oil-rich Abu Dhabi is loaded with liquid assets, possibly as much as $800 billion. They could pay off Dubai World’s measly $60 billion debt without batting an eye. But Abu Dhabi wants to send its wastrel younger brother a wake-up-call by forcing Dubai to restructure its debt. That means that banks, bondholders and contractors will have to take a haircut, which is not surprising given the abysmal condition of the commercial real estate market.
Continue Reading
Battle Rifle Basics
by Michael Gaddy
LewRockwell.com
While anyone with an elementary knowledge of firearms recognizes the advantages of a handgun for concealed and close quarters defense use, the time where a battle rifle could be used for self-defense is rapidly approaching. The size and weight of a handgun provides many advantages but these factors also become a liability if one is forced to defend themselves at a distance of more than a few yards. While there exist handguns used for hunting and target shooting, those are not usually carried or used for self-defense and their effective range is still limited, especially when compared to a battle rifle.
Continue Reading
THE A.D.L. vs. FAITH AND FREEDOMby Michael Gaddy
LewRockwell.com
While anyone with an elementary knowledge of firearms recognizes the advantages of a handgun for concealed and close quarters defense use, the time where a battle rifle could be used for self-defense is rapidly approaching. The size and weight of a handgun provides many advantages but these factors also become a liability if one is forced to defend themselves at a distance of more than a few yards. While there exist handguns used for hunting and target shooting, those are not usually carried or used for self-defense and their effective range is still limited, especially when compared to a battle rifle.
Continue Reading
By Rabbi Nachum Shifren
November 30, 2009
NewsWithViews.com
How the ADL is working to destroy America
It is difficult to write about Jewish traitors, but I have the obligation to do so. My life as an American and a Jew is rooted in one miracle: individual liberty and freedom of speech and conscience. We are living in dangerous times, times when men of good will are afraid to speak out. There are some things you cannot say in America today.
Continue Reading
THE POWER ELITE AND THE SECRET NAZI PLAN PART 6 By Dennis L. Cuddy, Ph.D. November 30, 2009 NewsWithViews.com [NOTE: The current push toward National Socialism in the U.S. is via healthcare, but one should remember Ronald Reagan’s 1961 warning: “One of the traditional methods of imposing statism or socialism on a people has been by way of medicine. It is very easy to disguise a medical program as a humanitarian project. Most people are less reluctant to oppose anything that suggests medical care for people who can’t possibly afford it.”November 30, 2009
NewsWithViews.com
How the ADL is working to destroy America
It is difficult to write about Jewish traitors, but I have the obligation to do so. My life as an American and a Jew is rooted in one miracle: individual liberty and freedom of speech and conscience. We are living in dangerous times, times when men of good will are afraid to speak out. There are some things you cannot say in America today.
Continue Reading
Source: http://revolutionradio.org/
