Greek Deal To Collapse Causing Trillions To Be Printed - By King World News (12/3/12) PDF Print E-mail
King World News   
Monday, 12 March 2012 09:33

Today Egon von Greyerz told King World News even if a Greek deal is announced, at some point it will collapse.  Von Greyerz also said the consequences of the collapse will be massive.

Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland.  Here is what von Greyerz had to say about what is taking place in Europe and how it will impact gold and silver:

“Well, it’s ridiculous.  Every few minutes we are seeing a different headline.  One second Greece is being saved and the next second the deal is collapsing.  Yesterday, for example, three UK banks signed up and that still only leads to 40% acceptance and one of the banks that signed on was Royal Bank of Scotland.”

“Royal Bank of Scotland is a bankrupt bank that is owned by the British government.  This is the bankrupt leading the bankrupt.  It’s absolutely ridiculous.  If this deal is happening now, it would be a miracle.  It could happen, but at some point the deal will collapse anyway.

They are saying they have an agreement, but I don’t think they do.  Therefore, if Greece collapses, whether it’s today or whether it’s in a few weeks time, the consequences are massive.



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The Faux Economy Of Solving An Solvency Issue With More Debt - By MyBudget360.com (9/3/12) PDF Print E-mail
MyBudget360.com   
Friday, 09 March 2012 10:03

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MUST-WATCH VIDEO: Jim Grant: Sound Money And Not A Currency Based On The Whims And Discretion Of A Bunch of Mandarins At The FED (8/3/12) PDF Print E-mail
Posted by Administrator   
Thursday, 08 March 2012 15:14




Jim Grant is simply brilliant in this must watch interview with CNBC's Maria Bartiromo, which we won't spoil with commentary, suffice to provide the following pearl of an exchange:

Maria Bartiromo: "What are the alternatives?"

Jim Grant: "Capitalism is an alternative for what we have now. I highly recommend it."

Maria: "We all do." Grant: "No we don't." Maria: "The Federal Reserve may not."

Grant: "We ought to be discussing an intelligent move to a sound currency by which i mean a currency that is based on a standard and not at the whim and the discretion of a bunch of mandarins sitting around Washington D.C."

In other news, Joseph Stalin has never been happier in his grave that Ben Bernanke has decided to shoulder the legacy of central planning and is firmly committed to proving that where Vissarionovich failed, the ChairSatan will succeed. At any cost.



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Can Banks Withstand Another Financial Shake? - They're Working With Political Leaders To Make Sure You Don't Find Out The Answer - By Michael Winship (8/3/12) PDF Print E-mail
Michael Winship   
Thursday, 08 March 2012 11:13

BillMoyers.com

Facts are stubborn things, said founding father John Adams, a basic truth Ronald Reagan famously mangled at the Republican National Convention in 1988, when he tried to quote Adams and declared, “Facts are stupid things,” before correcting himself.

Nonetheless, in practice, certain financial and political leaders seem to embrace Reagan’s verbal misstep as closer to reality than Adams’ original aphorism. Witness the resistance on the part of banking institutions and certain members of the congressional leadership, despite regulations demanding that they allow facts and figures to be reported, information that could keep us from the edge of yet another economic meltdown.

The March 5 Wall Street Journal reported that as the Federal Reserve prepares to release the results of the latest round of stress tests, evaluating how banks would respond in the event of another severe financial crisis, “Bankers are pressing the Fed to limit its release of information — expected as early as next week — to what was published after the first test of big banks in 2009.”



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Seventeen Years Of Boom And Bust - By Clyde W. Richey (7/3/12) PDF Print E-mail
Clyde W. Richey   
Wednesday, 07 March 2012 09:59

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