Dee Dee
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Pardon me?
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Global Economy Bursting?
- Thread starter Austin
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Pardon me?
Terrel L. Shields
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I would not look for any serious differences in the Fed and Bernanke will only become the head Prof at some prestigious business school teaching the next generation Krugman/Greenspan economics - Boom and Bust...short on boom...long on bust
Randolph Kinney
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Bundesbank Says NY Fed to Help Meet Gold Audit Request
http://www.bloomberg.com/news/2012-...-bundesbank-meet-gold-audit-requirements.html
A Game of Trust Me
The agreement is part of a compromise between the German central bank and the Audit Court, which has called on the Bundesbank to take stock of its gold holdings outside Germany, saying it has never verified their existence.
The Frankfurt-based central bank on Oct. 23 issued a statement saying that “the Bundesbank and the Federal Court of Auditors have different opinions” on the matter. The central bank manages Germany’s gold reserves, which amounted to 3,396 tons as of Dec. 31, 2011. The gold is kept at central bank vaults in Frankfurt, New York, Paris and London.
The New York Fed held the largest share of reserves at the end of 2011, or 45.2 percent with a value of 60.1 billion euros ($78 billion), according to a statement sent to the German parliament. The Bundesbank held 30.5 percent, worth 40.5 billion euros, in Frankfurt.
Engels said the Audit Court “had no doubts about our American partners, at no point in time."
http://www.bloomberg.com/news/2012-...-bundesbank-meet-gold-audit-requirements.html
A Game of Trust Me
The agreement is part of a compromise between the German central bank and the Audit Court, which has called on the Bundesbank to take stock of its gold holdings outside Germany, saying it has never verified their existence.
The Frankfurt-based central bank on Oct. 23 issued a statement saying that “the Bundesbank and the Federal Court of Auditors have different opinions” on the matter. The central bank manages Germany’s gold reserves, which amounted to 3,396 tons as of Dec. 31, 2011. The gold is kept at central bank vaults in Frankfurt, New York, Paris and London.
The New York Fed held the largest share of reserves at the end of 2011, or 45.2 percent with a value of 60.1 billion euros ($78 billion), according to a statement sent to the German parliament. The Bundesbank held 30.5 percent, worth 40.5 billion euros, in Frankfurt.
Engels said the Audit Court “had no doubts about our American partners, at no point in time."
Randolph Kinney
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Prison May Be the Next Stop on a Gold Currency Journey
http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html?_r=1
MALIBU, Calif. — High above the cliff tops and the beach bars, up a winding mountain road, in a borrowed house on someone else’s ranch, an unusual criminal is waiting for his fate.
His name is Bernard von NotHaus, and he is a professed “monetary architect” and a maker of custom coins found guilty last spring of counterfeiting charges for minting and distributing a form of private money called the Liberty Dollar.
Mr. von NotHaus managed over the last decade to get more than 60 million real dollars’ worth of his precious metal-backed currency into circulation across the country — so much, and with such deep penetration, that the prosecutor overseeing his case accused him of “domestic terrorism” for using them to undermine the government.
At 68, Mr. von NotHaus faces more than 20 years in prison for his crimes, and this decisive chapter of his tale has come, coincidentally, at a moment when his obsessions of 40 years — monetary policy, dollar depreciation and the Federal Reserve Bank — have finally found their place in the national discourse.
http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html?_r=1
MALIBU, Calif. — High above the cliff tops and the beach bars, up a winding mountain road, in a borrowed house on someone else’s ranch, an unusual criminal is waiting for his fate.
His name is Bernard von NotHaus, and he is a professed “monetary architect” and a maker of custom coins found guilty last spring of counterfeiting charges for minting and distributing a form of private money called the Liberty Dollar.
Mr. von NotHaus managed over the last decade to get more than 60 million real dollars’ worth of his precious metal-backed currency into circulation across the country — so much, and with such deep penetration, that the prosecutor overseeing his case accused him of “domestic terrorism” for using them to undermine the government.
At 68, Mr. von NotHaus faces more than 20 years in prison for his crimes, and this decisive chapter of his tale has come, coincidentally, at a moment when his obsessions of 40 years — monetary policy, dollar depreciation and the Federal Reserve Bank — have finally found their place in the national discourse.
Big ole Boy
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The peoples bank of natural law
... now it makes sense that gold might rally if Romney is elected ....
... but on the other hand .... any speculation in the short run for a commodity is really driven emotion .....
...if a lot of folks thinks hawkish monetary policy is to return with a new president ...... the news can easily be shorted by anyone ...
....but still think gold in going up in the long ......
.... the more I watch things with gold the more you have to forget about it ....
....just be long gold
.... if Romney can rescue us from a total monetary collapse - gold should really spike ...
..... right now you have the FED using its banksters to short gold ...
.... the gig is up .... with Krugman style thinking if Romney is elected ....
.... Romney = "the peoples bank" of natural law
... and the beginning of the end of Keynesian reflexive hegemony
.... and on to the totem pole of father Hayek
... the pantheon of Hayek
... now it makes sense that gold might rally if Romney is elected ....
... but on the other hand .... any speculation in the short run for a commodity is really driven emotion .....
...if a lot of folks thinks hawkish monetary policy is to return with a new president ...... the news can easily be shorted by anyone ...
....but still think gold in going up in the long ......
.... the more I watch things with gold the more you have to forget about it ....
....just be long gold
.... if Romney can rescue us from a total monetary collapse - gold should really spike ...
..... right now you have the FED using its banksters to short gold ...
.... the gig is up .... with Krugman style thinking if Romney is elected ....
.... Romney = "the peoples bank" of natural law
... and the beginning of the end of Keynesian reflexive hegemony
.... and on to the totem pole of father Hayek
... the pantheon of Hayek
Randolph Kinney
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Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent
http://www.zerohedge.com/news/2012-...ed-gold-were-quietly-selling-it-appear-solven
Hypothecation is the practice where a borrower pledges collateral to secure a debt. The borrower retains ownership of the collateral, but it is "hypothetically" controlled by the creditor in that they have the right to seize possession if the borrower defaults.
(Rehypothecation) Pledging to banks by securities brokers of the amount in customers' margin account as collateral for broker loans, which are used to cover margin loans to customers for margin purchases and selling short.
Though the central bank's gold management policy is making retail gold prices in the local market higher than global prices, there has been no smuggling of gold and therefore no increased demand for the U.S. Dollar so far this year, Mr. Hung said, adding that this has helped keep the exchange rate between Vietnam's dong the U.S. Dollar stable so far.
In other words, not only is gold money, it is better than money. But first you need: i) inflation; ii) collapsing currency and iii) insolvent banks. Luckily, the developed world has neither of these ...
http://www.zerohedge.com/news/2012-...ed-gold-were-quietly-selling-it-appear-solven
Hypothecation is the practice where a borrower pledges collateral to secure a debt. The borrower retains ownership of the collateral, but it is "hypothetically" controlled by the creditor in that they have the right to seize possession if the borrower defaults.
(Rehypothecation) Pledging to banks by securities brokers of the amount in customers' margin account as collateral for broker loans, which are used to cover margin loans to customers for margin purchases and selling short.
Though the central bank's gold management policy is making retail gold prices in the local market higher than global prices, there has been no smuggling of gold and therefore no increased demand for the U.S. Dollar so far this year, Mr. Hung said, adding that this has helped keep the exchange rate between Vietnam's dong the U.S. Dollar stable so far.
In other words, not only is gold money, it is better than money. But first you need: i) inflation; ii) collapsing currency and iii) insolvent banks. Luckily, the developed world has neither of these ...
Randolph Kinney
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China Surpasses US as Top Foreign Investment Venue
http://www.cnbc.com/id/49546296
China overtook the U.S. as the world's top destination for foreign direct investment in the first half of 2012, according to the United Nations Conference on Trade and Development (UNCTAD).
China absorbed $59.1 billion in foreign direct investment (FDI) in the first six months, down slightly from $60.9 billion a year earlier, the agency said in a report.
The United States attracted $57.4 billion in 2012's first half, down 39 percent from a year earlier, it said.
In the first half of this year, developing economies received half of all FDI flows, matching the developed world for the first time, the report said, though the shift in the balance was driven by declines in FDI going into the U.S. and the European Union.
Beijing is seeking to attract investment that will help it restructure its economy away from the low-cost manufacturing, which has driven rapid development for the past three decades, and into higher value-added enterprises.
That in turn has pushed investors seeking low-cost labor to invest in other developing markets.
"China is experiencing structural adjustments in their FDI flows, including the relocation of labor-intensive and low-end market-oriented FDI to neighboring countries," UNCTAD said.
http://www.cnbc.com/id/49546296
China overtook the U.S. as the world's top destination for foreign direct investment in the first half of 2012, according to the United Nations Conference on Trade and Development (UNCTAD).
China absorbed $59.1 billion in foreign direct investment (FDI) in the first six months, down slightly from $60.9 billion a year earlier, the agency said in a report.
The United States attracted $57.4 billion in 2012's first half, down 39 percent from a year earlier, it said.
In the first half of this year, developing economies received half of all FDI flows, matching the developed world for the first time, the report said, though the shift in the balance was driven by declines in FDI going into the U.S. and the European Union.
Beijing is seeking to attract investment that will help it restructure its economy away from the low-cost manufacturing, which has driven rapid development for the past three decades, and into higher value-added enterprises.
That in turn has pushed investors seeking low-cost labor to invest in other developing markets.
"China is experiencing structural adjustments in their FDI flows, including the relocation of labor-intensive and low-end market-oriented FDI to neighboring countries," UNCTAD said.
Big ole Boy
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Think about how "little" it cost the FED to have intermediaries short the gold market
- its just a small price to keep the illusion going
- really anything is possible now ... its dirt cheap for the FED to manipulate everything when you can manufacture it at 0 cost
- its just a small price to keep the illusion going
- really anything is possible now ... its dirt cheap for the FED to manipulate everything when you can manufacture it at 0 cost
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Big ole Boy
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Hugh Hendry - reality
"We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them."
Hugh Hendry is a fund manager at Eclectica Asset Management. He has become prominent in the United Kingdom for his commentary on the financial crisis. Hendry has been referred to as "the most high-profile Scot in the controversial (Hedge Fund) sector."
"We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them."
Hugh Hendry is a fund manager at Eclectica Asset Management. He has become prominent in the United Kingdom for his commentary on the financial crisis. Hendry has been referred to as "the most high-profile Scot in the controversial (Hedge Fund) sector."
Randolph Kinney
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Things to come are here and now
THE NEW AMERICAN JOB - A Part-Time Life, as Hours Shrink and Shift
http://www.nytimes.com/2012/10/28/b...?nl=todaysheadlines&emc=edit_th_20121028&_r=0
But in one crucial respect, Fresh & Easy is just like the vast majority of large American retailers: most employees work part-time, with its stores changing many of their workers’ schedules week to week.
But after nearly five years at Fresh & Easy, she remains a part-time worker despite her desire to work full-time. In fact, all 22 employees at her store are part-time except for the five managers.
While there have always been part-time workers, especially at restaurants and retailers, employers today rely on them far more than before as they seek to cut costs and align staffing to customer traffic. This trend has frustrated millions of Americans who want to work full-time, reducing their pay and benefits.
“Over the past two decades, many major retailers went from a quotient of 70 to 80 percent full-time to at least 70 percent part-time across the industry.”
The widening use of part-timers has been a bane to many workers, pushing many into poverty and forcing some onto food stamps and Medicaid.
THE NEW AMERICAN JOB - A Part-Time Life, as Hours Shrink and Shift
http://www.nytimes.com/2012/10/28/b...?nl=todaysheadlines&emc=edit_th_20121028&_r=0
But in one crucial respect, Fresh & Easy is just like the vast majority of large American retailers: most employees work part-time, with its stores changing many of their workers’ schedules week to week.
But after nearly five years at Fresh & Easy, she remains a part-time worker despite her desire to work full-time. In fact, all 22 employees at her store are part-time except for the five managers.
While there have always been part-time workers, especially at restaurants and retailers, employers today rely on them far more than before as they seek to cut costs and align staffing to customer traffic. This trend has frustrated millions of Americans who want to work full-time, reducing their pay and benefits.
“Over the past two decades, many major retailers went from a quotient of 70 to 80 percent full-time to at least 70 percent part-time across the industry.”
The widening use of part-timers has been a bane to many workers, pushing many into poverty and forcing some onto food stamps and Medicaid.
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