tag:blogger.com,1999:blog-7982981413278241287.post470823899186540859..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: The Action In The Metals TodayDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7982981413278241287.post-42401985977234156162012-09-03T15:52:41.614-06:002012-09-03T15:52:41.614-06:00A Billionaire’s Bet on Inflation – Frank Giustra L...A Billionaire’s Bet on Inflation – Frank Giustra Long Form Interview – Video<br /><br />http://ceo.ca/frank-giustra-long-form-interview/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-59166135238117448912012-09-02T12:59:04.845-06:002012-09-02T12:59:04.845-06:00In Italy, world’s oldest bank faces uncertain futu...In Italy, world’s oldest bank faces uncertain future<br /><br />SIENA, Italy — Tucked away in this Tuscan city, the oldest bank in the world has survived the Borgias, pestilence and too many wars to count. Now, a mundane foe has proved far more dangerous: Italian government debt.<br />The 540-year-old Monte dei Paschi Bank, Italy’s third-largest, is on the ropes as it struggles to deal with holdings of Italian bonds, once considered a prudent place to tuck cash.<br />The euro crisis upset that calculation. Across Europe, banks are confronting the same problem as seemingly safe bets that governments would repay their debts turned out to have been major gambles.<br />At the heart of the crisis, the tangled relationship between governments and the financial sector amplifies the financial problems on both sides. And in Siena, bountiful profits that once poured from Monte dei Paschi’s treasure-filled Gothic palazzo have dried up. Last week, the bank announced that it had lost $2 billion in the first half of 2012.<br /><br />The Spanish and Italian governments, meanwhile, have found themselves at risk of needing bailouts as investors demand significantly higher rates of interest to lend to them. Higher rates have, in turn, added to the stress on Monte dei Paschi’s finances, because it can sell only its holdings of less-safe Italian bonds at a loss.<br /><br />“If you’re concerned about the Italian government, you’re going to be concerned about the Italian banks, too,” said Ben May, an analyst at Capital Economics, a London-based research firm. “If you were going to see a fairly big government default, you’d be wiping out a big chunk of Italian banking capital.”<br /><br /><br /><br />http://www.washingtonpost.com/world/europe/worlds-oldest-bank-meets-a-formidable-foe/2012/09/01/c42e85b6-f1dd-11e1-adc6-87dfa8eff430_story.html<br /><br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43136958919747576192012-08-31T20:03:33.375-06:002012-08-31T20:03:33.375-06:00btw, i think a lot of us share this sentiment http...btw, i think a lot of us share this sentiment http://www.zerohedge.com/news/guest-post-your-window-buy-gold-below-1700-closingyardfarmerhttps://www.blogger.com/profile/04808517700285973637noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53430310166246360352012-08-31T20:00:06.588-06:002012-08-31T20:00:06.588-06:00in simple language, the once assured expectancy of...in simple language, the once assured expectancy of markets tanking on the slightest hint of "positive" economic news and a FED backdown on possible stimulus has now reached a new point of inflection. QE or no QE, it seems now that having backed itself inextricably into a corner, the FED is rapidly proceeding down the road to a position of increasing irrelevance, perhaps by design.<br /><br />apparently Au is sniffing this out and, as the paper futures and options contracts of the COMEX assume a similar position of increasing irrelevance in respect of physical holdings, more and more investors along with Central Banks, commercial and sovereign funds, and even the "man on the street" are funneling the last shreds of failing capital into the tangible and appreciating assets of physical gold and silver.<br /><br />now that the perceptions that have masked the impossible obligations of liabilities and the subsequent destruction of capital are being stripped away, QE to infinity, obviously inevitable and equally obviously with less and less net effect, will give way to the realization that the black hole of derivatives contracts will yield the trillions and trillions of fiat flooding down that endless chasm equally ineffectual and even more critically irrelevant.<br /><br />the Lehmaned,Corzined, MF'ed Global. Peregrined, beKnighted, Sentineled,JPM'd hypothecated, missing, and stolen triillions are just the tip of this proverbial iceberg which is rapidly sinking this Titanic of a financial system that is heading rapidly to the bottom. Got a life boat?<br />yardfarmerhttps://www.blogger.com/profile/04808517700285973637noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-14376345962129622702012-08-31T19:38:09.944-06:002012-08-31T19:38:09.944-06:00A Holiday Treat - Grilled Jackass
http://www.tfme...A Holiday Treat - Grilled Jackass<br /><br />http://www.tfmetalsreport.com/podcast/4153/holiday-treat-grilled-jackassAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22376842114305097072012-08-31T17:50:16.335-06:002012-08-31T17:50:16.335-06:00Mike Lofgren on Dysfunction in Our Political Parti...Mike Lofgren on Dysfunction in Our Political Parties<br />August 31, 2012<br /><br />Bill talks with Mike Lofgren, a long-time Republican who talks about the modern dysfunction of both Republican and Democratic parties. In Lofgren’s view, Republicans have become overly obsessed with obstructing President Obama, and the Democrats suffer from political complacency. Lofgren’s new book is The Party is Over: How Republicans Went Crazy, Democrats Became Useless, and the Middle Class Got Shafted.<br /><br />http://billmoyers.com/segment/mike-lofgren-on-dysfunction-in-our-political-parties/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-69448947473771040922012-08-31T14:57:16.577-06:002012-08-31T14:57:16.577-06:00Good content as always. I agree, I'm befuddle...Good content as always. I agree, I'm befuddled when seemingly 'intact' commentators pontificate endlessly regarding QE - when/if/how soon - etc. <br /><br />Bottom line - the appetite for our Treasury debt has waned -- seriously -- where do these fools think the Government is getting this money? <br /><br />It's blatant what the Fed/Treasury/Dealers are doing that is 'overt', I can't begin to imagine what they've done and will do that is 'covert'. <br /><br />All in the name of saving 'Government/Banks'. If you're RIGHTS or your PERSONAL PROPERTY are seen as standing in the way of saving the 'Bankerment', make no mistake about it, you will loose both. Brent Morehousenoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50397272565451766502012-08-31T14:40:47.663-06:002012-08-31T14:40:47.663-06:00Exclusive: Morgan Stanley Smith Barney rainmakers ...Exclusive: Morgan Stanley Smith Barney rainmakers consider exit<br /> <br />The advisers' complaints stem mostly from the rollout of a new technology platform dubbed "3D" on which they manage clients' money, store information and look up research reports and market data. The system's rollout has taken longer than expected and been beset by technical problems that have angered clients and advisers.<br /> <br />Several of the advisers involved in the budding revolt have worked at Smith Barney for decades. They run groups named after them in New York, New Jersey and California and are members of Morgan Stanley's Private Wealth Management Group, which only works with clients who have at least $20 million in assets.<br /> <br />Four advisers who signed the letter, and whose names Reuters has learned, together manage about $47 billion. Those advisers either declined to comment on the matter or did not return phone calls and emails seeking comment.<br /> <br />http://finance.yahoo.com/news/exclusive-morgan-stanley-smith-barney-174700644.html<br /><br />See...<br />http://youtu.be/rmPRHJd3uHIAnonymousnoreply@blogger.com