Économie mondiale et métaux précieux
Voilà enfin le dernier d'une série d'article pour vos archives. Celui-ci contient des nouvelles de l'économie et des métaux précieux.
December 2 is a landmark, because before that date the monetary system could have been saved by opening the U.S. Mint to gold. Now, given the fact of gold backwardation, it is too late. The last chance to avoid disaster has been missed. The proverbial last straw has broken the back of the camel.
Th price of key industrial metals has fallen further over the last four months than occurred during the worst years of Great Depression between 1929 and 1933, according to research by Barclays Capital.
Today, the Dow crashed through its eight-year support level at 11,750. There isn't much below now to keep it from dropping all the way back down to the 7,500-range. What that will do to American investor psychology and worse, consumer confidence, and therefore spending, and therefore the economy, is only too apparent.
"It is sheer unmitigated fear: even institutions are looking for mattresses to put their money until the end of the year," said Marc Ostwald, a bond expert at Insinger de Beaufort.
The rush for the safety of US Treasury debt is playing havoc with
(Editor’s note: Don’t let the government trick you out of understanding the true value of gold and silver in the coming era of economic survival)..
What’s really going on with gold and silver?
When gold hit $700 per oz, it brought the price to a negative 7% compared to a year ago. This would roughly mirror the huge correction “within” the bull market we saw from 1970 to 1980. The same
Many taxpayers just couldn’t pay at the depth of the depression and others wouldn’t pay for ideological reasons, believing that government should suffer along with taxpayers. The tax revolt movement attracted 30,000 members in
Make as many people dependent on taxes as possible, so they will put pressure on the rest of
The biggest component of any government plan to jump-start the economy is expected to be issuing tax rebate checks - both Republicans and Democrats are pushing the idea of sending out checks for several hundred dollars if not more.
But their effectiveness is debated, and it could be summer before Americans see any real cash.
When they get to $250,000 per American, then we'll know they are sincere.
Seriously, the government knows they have pushed us all to the edge of rebellion. I don't know what idiot thought $600 per person would get them off of the hook for lying us all into a war and frankly I am insulted that they think I would sell out my principles that cheaply!
So before you start waving that flag or planning for that new High-Def TV set, keep two things in mind.
The government does not HAVE that $600 per person sitting around. Once again, they are going to the Federal Reserve to BORROW the money, which means that somewhere down the road, they plan on taking it all back again with interest. It's just another way of sinking the debt-hook just that much deeper into your flesh. (Back in 2004, Bush gave out a "Rebate" of $200 per taxpayer, but it turned out to be a loan as the $200 was added to the following year's tax bills.)
Second, all this extra cash pouring into the economy drives prices UP. So while it may LOOK like you have more wealth, it's just a number in the check register. When you have too much money chasing too few goods and services that creates an inflationary price increase. In plan words, prices will rise to absorb the extra cash. So, while you may have a higher number in the bank account (and get pushed into a higher tax bracket) what you are actually able to buy WILL REMAIN CONSTANT.
And for this little razzle-dazzle, Bush expects to be forgiven for stealing the White House in 2000 and 2004, then lying the nation into a pointless war of conquest. As I stated above, I am insulted that they think I would sell out my principles for that low a price. Aaron Burr challenged Alexander Hamilton to a duel (and killed him) for far less!
This essay rounds up arguments for gold as a reasonable investment.
Commentators such as Ambrose Evans-Pritchard and Byron King argue that
Specifically, they argue that
One prime broker said: "If this many hedge funds packed up during the third quarter, the numbers are going to be far higher by the end of the year. The past few months have been a blood bath and now, with the Madoff scandal on top, many will close."
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
In an unprecedented disclosure, the FDIC has highlighted that it expects the DIF reserve ratio to be negative as of September 30. As there are a whopping 48 hours before that deadline, one can safely assume that the DIF is now well into negative territory: as of today depositors have no insurance courtesy of a banking system that has leeched out all the capital of the Federal Deposit Insurance Corporation. Let's pray there is no run on the bank soon.
So, tell us again MSNBC how the car sales from "Cash For Clunkers" means that the economy is all better?
Retail stores and exporters alike are in deep trouble as consumer demand for nearly everything is plunging.
The most important news for 2008 was the destruction of the big global banks' net worth and their badly wounded ability to conduct normal business and make market-moving loans. Ben & Hank's bailout only helped the bad-boy banks reliquify themselves to remain somewhat solvent and stay in business. They are doing nothing to extend credit to any business enhancing western or global economies. The 2009 result will be no significant banker lending, taking more bailout money and sweeping additional bad loans of all stripes under the banker's rug and hiding the rest in back rooms.
Crash of 1904 -> WWI
Crash of 1929 -> WWII
Crash of 2008 -> WWIII
The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a "total" financial meltdown unseen since the Great Depression.
The reason is simple. With a reserve banking system, more money is owed than is in existence. Once the economy became global, there was no place for new money to come from to cover the accumulating interest. No foreign lands to invade and loot, no conquered peoples to enslave, no more suckers to swindle with Ponzi schemes.
The Reserve system of banking is always a windfall for the people who start it, but like all Ponzi schemes it must collapse eventually, bringing ruin to all in its reach.
Europe and the
That's the conclusion reached by Paris-based Euler Hermes, the world's largest credit insurer, in a recently released 57-page report on business insolvencies worldwide.
More than half of mortgages modified in the first quarter were at least 30 days delinquent after half a year, and it's necessary to figure out why so many modifications are not preventing re-defaults, regulators said Monday.
BECAUSE NOBODY HAS THE HIGH-PAYING JOBS THEY USED TO HAVE, FOOLS! Just shuffling the debt around is not going to fix things. We have to jump-start manufacturing, and as much as we need to repair the infrastructure, just putting people to work filling potholes isn't going to fix the economy either!
According to Paul Krugman, who wrote in The Return of Depression Economics that governments can solve almost any crisis simply by printing money, declares that
The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled
Consider the following and my simple explanation:
1. financial engineering: new ways of gambling
2. Investors: gamblers
3. Stock & Futures Markets: casinos
4. Financial Analysts: casinos’ salesmen / women
5. Bonds: I.O.Us.
6. Banks: Dishonest Money-lenders (actual money-lenders licensed not as banks, but as money-lenders, cannot create “money out of thin air”. They have to use their own capital – 100% to lend)
7. Currencies / fiat money toilet papers
8. Derivative markets: ponzi scheme
So many people have difficulty accepting my explanations as the simple reality. This is even after the recent exposé of the US$50 Billion fraud by Bernard Madoff, the former chairman of NASDAQ. He declared to the FBI, that his scheme was essentially a Ponzi scheme (i.e. using one set of “investors’ money” to pay off an earlier set of “investors”).
Banks worldwide have collapsed!
Hedge funds gain access to $200bn OF YOUR MONEY!
I need to put the $33 trillion into perspective, because it is so big that it is almost incomprehensible. According to Wikipedia..., total private wealth across the world today is about $37 trillion less the losses incurred in 2007-09, so the real number is probably closer to $30 trillion now. Total global savings (loosely adjusted for the big losses in 2008) are probably somewhere in the region of $100 trillion. In other words, financing this crisis could absorb one-third of total global savings...
This debt is a problem created out of thin air by compounded interest.
We have a banking system which is actually a pyramid scheme. Money is created out of thin air when a loan is made. But the moment that loan money is created, MORE money is owed than is in existence! As long as an ever-widening pool of borrowers can be found, the economy grows, creating enough new money to cover the old interest. When new borrowers cannot be found, and old borrowers stop borrowing more, the whole system starts to collapse, forcing the people to wage wars of conquest to loot the needed funds from other unoffending nations.
Which is where we are right now.
How in the world did you all miss this story
I went back and skim read all "Chrysler" news back to
and not one did I see mentioned this...
Obama has offered Chrysler 7 BILLION DOLLARS to file and complete bankruptcy procedures
" The President has ordered $3.5B USD in funding for the company, upon its entrance into bankruptcy. An addition $4.5B USD will be granted when it exits the process and merges, officially, with Fiat. "
WHY in the world are we allowing Obama to pay Chrysler GO Bankrupt??????
'None are more hopelessly enslaved than those who falsely believe they are free'
After two hours of interview I had four legal pages of notes. I am going to relate as best I can the highlights of that interview. Some of you will get duplications because some of you are on more than one of my mailing lists. Please understand. I consider this matter to be extremely important!
This will be rough, since it will be stream of consciousness, right off of my note pad. But it is the message that is important and not the delivery.
Evidence that Bernanke's Monetary Flat Spin is already impacting the economy in ways that may do critical (if not fatal) damage was found this morning in the Case-Schiller numbers. Everyone, including Bernanke, was expecting the rate of home price declines to start to slow in the second half of the year. Instead, they accelerated. We're in uncharted territory folks, and the forecast is for dark-and-stinky storms.
It’s a sign of the times: The state of
What if you lose your job next week? What if you own a small business? NBC 4‘s Patrick Preston got answers.
Last week, unemployed Ohioans waited on the phone for hours to sign up for benefits after high demand and technical glitches crashed the state’s benefits Web site.
The Web site has been fixed, but the state’s funding formula remains broken, with too many unemployed workers collecting payments and not enough money coming in.
Here is the part nobody wants to talk about. When times were good, all that money paid into the states' unemployment systems was for the most part diverted for other purposes. If you work through the numbers of what is paid in in employee taxes by your employer versus the maximum benefits paid back you will see that it's actually quite a little racket for the states. In good times they take in a lot more than they pay out. Now common sense would tell you that they should bank that surplus for the bad times, but you know most politicians are not thinking past the next election and a lot of states have admitted taking that extra money and spending it as general funds (just as Clinton did with the Social Security cash build-up), and now they are running out of cash and "borrowing" from the Federal Government, which means somewhere, somehow, the taxpayers will get stuck with the bill.
Our economy would revive overnight if all taxes were cut in half across the board. Yet this one thing that would fix the economy is the one thing government will not do.
The Los Angeles Board of Education has approved a plan to send out layoff notices to nearly 2,300 teachers, though the district superintendent says he is seeking alternatives to solve its budget crisis.
The board approved the cutbacks Tuesday as the
California's WARN law requires certain companies with more than 75 employees to provide 60 days advance notice of a plant closing or mass layoff involving 50 or more employees.
More than 20 former bank directors are benefiting from staggering retirement plans, with actual or potential pension pots worth a combined total of more than £
The findings are part of a damning new exposé of some of
The select group of wealthy bankers will remain unaffected by the economic catastrophe facing millions of Britons. Many have already been able to give up work years ahead of state retirement age.
It is hard to believe what is taken as good news. 539,000 jobs were lost in April yet this was taken as a positive because it wasn’t 600,000. Forget about the fact that the revised number for March was moved upward to 699,000 from an initial 663,000. So it may be the case when the final number for April is calculated in June, we might have another 600,000 job loss month. The market is continuing on its upward surge with the S&P 500 now nearing a 40% gain in 2 months.