The Gold Standard Is Absolutely Inevitable - By Lars Schall (13/8/12) PDF Print E-mail
Lars Schall   
Monday, 13 August 2012 10:39

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Gold Bears In Trouble As Central Banks Continue Buying - By KingWorldNews (13/8/12) PDF Print E-mail
KingWorldNews   
Monday, 13 August 2012 10:32

With market participants eagerly waiting to see if gold and the mining shares will have a major breakout during the month of August, today King World News interviewed 25 year veteran Caesar Bryan over at Gabelli & Company, which has over $31 billion under management. Here is what Ceasar had to say regarding the gold market, Europe, the US, and mining shares:

“The gold price has continued to trade over $1,600 as of late. It seems to be putting in higher lows since May, and I would expect the gold price to perform pretty well as the summer ends and we come into the seasonally strong time in autumn.”


Caesar Bryan continues:


“Meanwhile, we’ve had the news that the Korean Central Bank has added 16 tons of gold to their reserves. But the key here is we can now emphatically state there is absolutely no question that central banks now, on dips, want to add to their reserves.

We also have other key central banks around the world continuing the policy of debasing their currencies, and this continued debasement is a clear signal to these other central banks to keep on accumulating gold. This has to be troubling to the gold bears. The bears have made repeated attempts to break down the gold price, but all attempts have failed.

So this is a perfect setup for the gold price to move higher, not only in US dollars but also in terms of other currencies as well....



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'JPM'S $150 Billion FDIC Reality Adjustment' - Jamie Dimon Just Admitted To The World That JPM'S Assets Are Overvalued By $150 Billion - By The Daily Mail (13/8/12) PDF Print E-mail
The Daily Mail   
Monday, 13 August 2012 10:28

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US Drops Investigations Of Goldman Sachs - By Barry Grey (13/8/12) PDF Print E-mail
Barry Grey   
Monday, 13 August 2012 07:34

Information Clearing House

The US Justice Department announced Thursday evening it was ending a one-year criminal investigation and would not file charges against the giant Wall Street investment bank Goldman Sachs or any of its employees.

In April 2011, the Senate Permanent Subcommittee on Investigations released a voluminous report on the role of major banks, federal regulators and credit rating firms in the collapse of the subprime mortgage market and ensuing financial crash of September 2008.

Of the report’s 640 pages, 240 pages, or 40 percent, were devoted to a detailed examination of Goldman Sach’s deceptive practices in marketing mortgage-backed securities and collateralized debt obligations. The report alleged that Goldman bilked clients by selling them mortgage-backed securities without informing them that the bank itself was betting the investments would fail.

The Senate report concluded by listing federal securities laws the committee believed had likely been violated by Goldman and other banks. The committee referred its findings to the Justice Department and federal prosecutors for a criminal investigation of Goldman and its executives. It also called for an investigation into whether Goldman CEO Lloyd Blankfein had perjured himself in his public testimony before the panel.

In releasing the report, the chairman of the committee, Senator Carl Levin of Michigan, said the panel’s two-year probe had found “a financial snake pit rife with greed, conflicts of interest and wrongdoing.” He recommended that charges be brought and said, “In my judgment, Goldman clearly misled their clients and they misled Congress.”



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Bankster Fraud Has Driven 100 Million Into Poverty, Killing Many - By WashingtonsBlog (13/8/12) PDF Print E-mail
WashingtonsBlog   
Monday, 13 August 2012 07:31

We Are Witnessing a Financial Holocaust Brought on by the Banksters … Which Is Causing Many Deaths

Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted.

Fraud is the business model adopted by the giant banks. See this.

The Obama administration has made it official policy not to prosecute fraud.  Indeed, the “watchdogs” in D.C. are so corrupt that they are as easily bribed as a policeman in a third world banana republic.

The mouthpieces in Wall Street and D.C.  pretend that financial  fraud (like Libor) is a “victimless crime“.

But the World Bank notes that the financial crisis  – you know, the one caused by financial fraud – has driven between 64 and  100 million people into destitution.

Some estimate the figure to be much higher. For example, one 2009 study estimated that 140 million people would be driven into poverty in Asia alone.



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