02nd April 2012
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens......
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21st March 2012
"How about capitalism, Ben Bernanke?"
Jim Grant, Interest Rate Observer, Bloomberg Interview, 3/13/12
"A difference which makes no difference is no difference."
William James, Philosopher
Macro-Trend Policies and Events ("Beta" for In...
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14th March 2012
"I'd rather write about laughing than crying. For laughter makes men human and courageous."
La vie de Gargantua et de Pantagruel
Francois Rabelais
There is indeed a Gargantuan Giant growing in the International Economy and Markets. It is growi...
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07th March 2012
"A "strictly confidential" report on Greece's debt projections prepared for Eurozone finance ministers reveals Athens' rescue programme is way off track and suggests the Greek government may need another bail-out...
"The 10-page debt sustainability an...
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01st February 2012
"Sales are good and are continuing since last 10 days. Lucknow itself is selling about 150 kgs daily compared to 100 kgs in December," said Lokesh Kumar Agarwal, Brijwasi Bullion and Jewellers."
"India Gold Extends Rise From 1-Week Low", Reuters, 1/12/...
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27th January 2012
"Even as the Dow struggles higher, the internals of the stock market grow weaker. It’s as if a mortally wounded soldier, a bayonet thrust into his stomach, rises to make a final dash towards the enemy. With his last breath he still presents the picture of...
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26th January 2012
"Since its inception in 1913, The Federal Reserve Board has been responsible for almost 95% devaluation of the U.S. Dollar. All this has been achieved through its ability to continually inflate the money supply.
And, between 1985 and 2005, the Federal ...
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23rd January 2012
Amid the Chaos of the Financial Markets and The Economy, One Essential Key to Successful Investing in 2012 is Clear as a Pure Toned Bell.
That One Key Reveals itself to us upon considering just a very few facts.
Via its promise to keep interest ra...
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19th January 2012
"Let them eat cake."
Attributed to Queen Marie Antoinette, shortly before being guillotined during the French Revolution.
"Where's the beef?"
Fmr V.P. Walter Mondale to Sen. Gary Hart (1984)
"This is a great leap sideways."
Daniel ...
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17th January 2012
"The E.C.B. has a fire hose -- its ability to print money. But the bank is refusing to train it on the euro zone's debt crisis."
Wrote Jack Ewing, New York Times, November, 2011
"Why not? According to the November 28th Wall Street Journal, 'The ECB ...
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12th January 2012
"What I am about to say is true. But under this system we are not allowed to speak the truth... Lies are required to maintain political harmony... the Chinese regime is in a serious economic crisis -- on the brink of bankruptcy... every province in China ...
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09th January 2012
"The EFSF is not an adequate safety net to prevent Italian Contagion. Italy may be past the point of no return."
Barclays, 11/8/11
Chinese Gold Mine Output has finally flattened, with growth estimates for 2012 at only 2.7%.
But Chinese Gold impor...
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14th December 2011
"Governments all over the world have created trillions of currency units since 2007 in the mistaken idea that it would create prosperity. The Americans, but also the Europeans, the Chinese and others, have papered things over for the short run mainly by i...
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08th December 2011
Those who have been disheartened by the Recent Brutal Takedowns of Gold and Silver need not be. First consider the cause of the Takedown.
"It is not immediately clear at this juncture who was selling yesterday or why -- but the placing of such a huge o...
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05th December 2011
“The debt markets have been warned…
‘The incremental parts of our foreign reserve holdings should be invested in physical assets… we will liquidate (U.S. Treasuries)…when…’
To my knowledge, this is the first time that a top adviser to China's centra...
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