Uploaded by x2436ab on Sep 2, 2011
Max Keiser and co-host, Stacy Herbert, discuss intergenerational debt for IMF poster children; radical plans for EU banks; and an artist's incendiary painting as bank statement. In the second half of the show Max talks to Isa Blumi about the role of micro-finance and oil traders in unrest in Yemen.
KR on FB: www.facebook.com/KeiserReport
Source: Russia Today
[Whatever you want to] call it – a bubble, a frenzy or a mania – there seems to be a large number of voices in the marketplace who just are not fans of gold, whether prices are moving up, down or sideways [but] the reality is that gold doesn’t possess the traits necessary for a financial bubble to form. [In fact, the current worldwide economic and fiscal environment suggests that gold will go even higher. Let me explain.] Words: 2368
So says Frank Holmes (www.usfunds.com) in an article* which Lorimer Wilson, editor ofwww.munKNEE.com, has further edited ([ ]), abridged (…) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. I have added 15 hyperlinks – yes, 15! - to other articles to support and expand upon Holmes article to make it the most comprehensive of any such article to be found anywhere. (Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.) Holmes goes on to say:
Naysayers started calling gold a bubble back when prices hit $250 an ounce and though gold’s bull market has tossed and flung the bubble callers around for almost a decade now, their voices have only gotten increasingly louder as prices broke through $1,000, $1,200 and now [almost] $1,500 an ounce. [In fact,] however, gold prices appear asymptomatic of the signs generally associated with financial bubbles.
The reality is that gold doesn’t possess the traits necessary for a financial bubble to form. Rodney Sullivan, co-editor of the CFA Digest, has done some great research on the history of markets and bubbles going all the way back to the 1600s. He discovered three key patterns in the 47 major financial bubbles that occurred over that time period, namely: ......
by HyperReport on Sep 2, 2011
Source Links for Today's Items:
Merkel Backs Euro Fund Boost, Faces Revolt Risk
http://www.reuters.com/article/2011/08/31/us-eurozone-germany-idUSTRE77U2O520...
FEMA'S use of term 'federal family' for government expands under Obama
http://www.palmbeachpost.com/storm/femas-use-of-term-federal-family-for-gover...
Opposition To Obama Speech Possibly Based On Skin Color
http://www.realclearpolitics.com/video/2011/08/31/wolffe_opposition_to_obama_...
http://www.nfl.com/news/story/09000d5d821deea9/article/white-house-working-to...
Greenspan: Gold is a Currency, Euro "Breaking Down"
http://thenewamerican.com/economy/markets-mainmenu-45/8742-greenspan-gold-is-...
Nevada Wallops Bank of America With Sweeping Suit
http://www.propublica.org/article/nevada-slams-bank-of-america-with-sweeping-...
Economic Collapse - the 5 Gs & 5 Ps
http://www.youtube.com/watch?v=bsH9KISdZYE
Other Items:
Average Gas Price - http://gaspricewatch.com
Brent Crude Oil Price - http://livecharts.co.uk
Other Commodities (Ag,Au, etc...) - Kitco Phone Ap
SGR is calculated by Au/Ag
The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.
This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...
Thank you.
By Doug Casey, Casey Research
Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit or a really serious misjudgment took you back to Square One? One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least. And as far as I’m concerned, the Greater Depression is looming, not just another cyclical downturn. You may find that, although you’re far ahead of your neighbors (you own precious metals, you’ve diversified internationally and you don’t believe much of what you hear from official sources), you’re still not as prepared as you’d like.
I think a good plan would be to approach the problem in four steps: Liquidate, Consolidate, Create and Speculate.
Chances are high that you have too much “stuff.” Your garage, basement and attic are so full of possessions that you may be renting a storage unit for the overflow. That stuff is costing you money in storage cost, in depreciation and in the weight of psychological baggage. It’s limiting your options; it’s weighing you down. Get rid of it.
Right now it has a market value. Perhaps to a friend you can call. Or to a neighbor who might buy it if you have a yard sale. Or to some of the millions of people on eBay. A year from now, when we’re out of the eye of the financial hurricane and back into the storm, it will likely have much less value. But right now there’s a market. Even if most people are no longer wearing those “He who dies with the most toys, wins” T-shirts that were popular at the height of the boom, there are still buyers. But the general standard of living is dropping, and mass psychology is changing. In a year or two, you may find there aren’t any bids and the psychology of the country has changed radically. People will be desperate for cash, and they’ll all be cleaning out their storage units (partly because they can’t afford the rent on them).
Liquidate whatever you don’t actually need – clothes, furniture, tools, cars, bikes, collections, electronics, properties, you-name-it. You’ll be able to re-buy something like it, or better, cheaper. Just as important, you’ll feel light and mobile. Unburdened by a bunch of possessions that own you and weigh you down. It will definitely improve your psychology, which is critical to the next stage. And the cash it generates will be helpful for the rest of the plan.
Take stock of your assets. After Step 1, that should be a lot easier, because you’ll have less junk but a lot more cash. You’ll already feel more in control and empowered. And definitely richer. But your main assets aren’t money or things. It’s the knowledge, skills and connections you possess. Take stock of them. What do you know? What can you do? Whom do you know? Make lists and think about these things, with an eye to maximizing their value.
If you’re light on knowledge, skills and connections, then do something about it – although if you’re reading this, you probably already live life in a way that builds all of those assets daily. But there’s always room for improvement. Think the Count of Monte Cristo. Or, if you’re not so classically oriented, think Sarah Connor after she met the Terminator.
Part of this process is to look at what you’re now doing. The chances are excellent there’s a better and more profitable allocation of your time. Even successful rock stars tend to reinvent themselves every few years. You don’t want to get stale. That leads to Step 3.
| Close | Gain/Loss | On Week |
Gold | $1874.20 | +$46.80 | +4.45% |
Silver | $43.00 | +$1.43 | +4.93% |
XAU | 222.79 | +1.60% | +3.17% |
HUI | 618.03 | +2.39% | +3.53% |
GDM | 1799.23 | +2.44% | +3.74% |
JSE Gold | 2720.84 | +56.70 | +3.48% |
USD | 74.73 | +0.25 | +1.33% |
Euro | 141.94 | -0.67 | -2.09% |
Yen | 130.18 | +0.18 | -0.21% |
Oil | $86.45 | -$2.48 | +1.27% |
10-Year | 1.996% | -0.150 | -8.78% |
Bond | 141.5625 | +2.875 | +2.47% |
Dow | 11240.26 | -2.20% | -0.39% |
Nasdaq | 2480.33 | -2.58% | +0.02% |
S&P | 1173.96 | -2.53% | -0.24% |
All of this week’s other economic reports:
Productivity - Q2 |
Initial Claims - 8/27 |
Unit Labor Costs - Q2 |
ISM Index - August |
Construction Spending - July |
Factory Orders - July |
Chicago PMI - August |
ADP Employment - August |
MBA Mortgage Index - 8-27 |
Consumer Confidence - August |
Case-Shiller 20-city Index - June |
Pending Home Sales - June: |
Personal Spending - July |
Personal Income - July |
PCE Prices - Core - July |
