America’s Hijackers – Where Are They Now? - By Mark McHugh (8/10/12) PDF Print E-mail
Mark McHugh   
Monday, 08 October 2012 10:59

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Do The Swiss Know Something The Rest Of Us Don’t? - By John R. Schindler (8/10/12) PDF Print E-mail
John R. Schindler   
Monday, 08 October 2012 10:57

The XX Committee,

Ueli Maurer, the Swiss defense minister, has been making coy statements about the European crisis getting ugly – as in really ugly, like needing armed troops to deal with it. This sounds more like Greece, where the rioting is regular and increasingly scary, than anything in Central Europe, but where the whole EU furball is headed does seem less than clear of late.

The Swiss are famous for preparing for everything and having an absolutely huge army, relative to their population, to deal with any eventuality. They maintain their special military system, based on training for nearly the whole male population but a very small active duty cadre (plus a few, tiny UN peacekeeping-type missions abroad, since the Swiss have an actually defensive defense force): the Swiss can call up over 200,000 trained troops, which is but one-third of what was on-call twenty years ago – like everyone, they have downsized as the threat has receded since the fall of the Soviet bloc – but that’s still pretty huge in Swiss terms. In America, that would mean a mobilization strength of nearly 8,000,000 for the U.S. military (it’s a hair under three million, in case you were wondering).

Minister Maurer, accompanied by whispers from the top uniformed leadership in Switzerland, is trying to raise awareness that Europe’s massive fiscal-cum-political crisis could get very unpleasant. Swiss military exercises in September, called STABILO DUE, were based on EU instability getting out of hand. The Swiss have stayed out of the EU – one more thing the very prosperous Swiss are gloating about these days – and they certainly don’t want EU problems spilling over into their peaceful little country. That the Swiss military is adding four new military police battalions to the army, to be spread around the country, indicates that the threat they have in mind is more disorder and chaos than actual invasion.



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Do Western Central Banks Have Any Gold Left??? - By Eric Sprott & David Baker (5/10/12) PDF Print E-mail
Eric Sprott & David Baker   
Friday, 05 October 2012 10:33

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Analysis: China's Currency Foray Augurs Geopolitical Strains - By Alan Wheatley, Global Economics Correspondent (5/10/12) PDF Print E-mail
Alan Wheatley, Global Economics Correspondent   
Friday, 05 October 2012 10:28

Reuters

BAHRAIN - "It's our currency and your problem," U.S. Treasury Secretary John Connally famously said of the dollar in 1971.

More than 40 years later, China is doing something about it.

Fed up with what it sees as Washington's malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan, also known as the renminbi, in trade and investment.

The aim is both narrowly commercial - to reduce transaction costs for Chinese exporters and importers - and sweepingly strategic.

Displacing the dollar, Beijing says, will reduce volatility in oil and commodity prices and belatedly erode the ‘exorbitant privilege' the United States enjoys as the issuer of the reserve currency at the heart of a post-war international financial architecture it now sees as hopelessly outmoded.

Zha Xiaogang, a researcher at the Shanghai Institutes for International Studies, said Beijing wants to see a better-balanced international monetary system consisting of at least the dollar, euro and yuan and perhaps other currencies such as the yen and the Indian rupee.

Competition among major currency issuers and a wider menu of options when investing, trading or seeking a store of value would produce better results for the world economy, Zha argued.



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MUST-WATCH VIDEO: Marc Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders (5/10/12) PDF Print E-mail
Posted by Administrator   
Friday, 05 October 2012 10:18

While the discussions between these two legends varied from Phat Phong nightlife to Dow 30,000, and from China bullishness to AAPL bearishness, it was the conversation about the actions of Bernanke, and more importantly our political leaders that summed up perfectly the dreadful reality in which we find ourselves. The punchline: "It is very dangerous to have ignorant people believing that they know something."

Rogers is bullish China long-term but buying Chinese stocks only selectively...

Faber sees under-the-surface weakness in US equities and while central banks could print us to Dow 30,000; gold and other commodities will be astronomical by then...

Faber is bearish AAPL, believes its a bubble - but too dangerous to short...

Both are uber-bearish central-bankers and politicians...

Marc Faber: "Both candidates are clueless and completely artificial..."

Jimmy Rogers: "It's worse than clueless, because they think they know what they're doing.. and so they are dangerous! If they were just clueless and looked out the window, we wouldn't have a problem, but they think they have the solution - but their solutions are what's making the situation worse..."

Marc Faber: "That is precisely the point. It is very dangerous to have ignorant people believing that they know something!"

Summed up perfectly, we believe.

Must watch - especially to hear the CNBC anchor squirming...

 



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