Tag Archives: gold

Bloomberg Marvels: How Does Norway Keep Inflation 2.4%?

Goldman Sachs Loses Money So Gold Prices Fall | Culture of Life News

Bloomberg knows very well the answer to this question: How Does Norway Achieve Inflation When Others Can’t? – Bloomberg Business but will NOT tell readers of his ‘news’.

 

Once upon a time, the only thing one could park in a central bank vault to support the value of paper money was GOLD.  And silver.  All coins of responsible societies were made from copper, gold and silver.  Countries with fake money used cheap metals like zinc.  Paper money was invented by the Chinese to replace gold only they discovered this created inflation due to money printing and adding zeros is laughably easy.

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Steve Forbes Talks About Sovereign Wealth With Professor Prasad In A Childish Way

Forbes magazine has the founder and owner, Forbes himself, discussing in rather a childish way, why the US dollar is ‘strong’ inside of the free trade (sic) economic system he himself and his fellow Bilderberg buddies built.  No mention of the Bilderberg plans, of course.  I find this entire discussion sadly comical for if they are this clueless, we are doomed.  Well, we ARE doomed.  Or they know perfectly well what is going on and refuse to tell anyone which is the most likely explanation: Why One Ivy League Economist Thinks The U.S. Dollar Is Invincible And What This Means For Investors

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Japan’s Devaluation Of Yen Leading To Mass Devaluations—US Stocks Crash

I noticed the other day that Abe went to Davos, Switzerland, to boast about how he fixed Japan’s economic problems via debasing the currency as much as possible thus enabling higher export profits with the US and EU.  For this devilish activity, he was applauded by the US State Department as ‘So Very Clever’.  Now, the chickens are all dropping dead in the roost as all trade currencies go plunging down, too.  The last 30 years of the US demanding that Japan and China make their currencies higher in value has collapsed as has the US stock market and other systems.

 

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SAC Capital: More Arrests, More Charges Of Insider Trading And Short Selling

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Video: To Catch a Trader | Watch FRONTLINE Online | PBS Video: a good Frontline expo of insider trading by Wall Street hedge funds.  Of course, it has limitations.  For example, there is zero mention of offshore banking entities like the ones used by Romney.  There is no examination of lobbying Washington to get laws weakened or removed.  Or why hedge funds suddenly shot up like a rocket when the Wall Street laws were changed in 1998.

 

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Gold Falls 31% As Rich Flee ETP Markets

Gold Funds See Unprecedented 31% Slump as World Loses Faith in the very silly ‘ETP’ market whereby one doesn’t own much of anything except a piece of paper saying, ‘You own part of this hidden gold hoard which you can never touch’.  HAHAHA.  One can hardly make up how silly this is.  As silly as the bitcoin scam.  Yes, a Vegas developer selling $7.85M mansion for bitcoin as a publicity stunt.  Also a OC Lamborghini dealership sells car for 91.4 bitcoins which is also a publicity stunt, too.  He could sell this car for one million roosters, for example.  Or a truckload of black tulip bulbs.  Or in exchange for sex with a house full of prostitutes or trade it for a pound of pure cocaine since many of the main customers are connected with whores and drugs.

 

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Wall Street Bankers Want More US Debt and Dread Pirate Roberts Is Jailed

Wall Street CEOs meet with Obama, warn of harm from debt-limit battle as Goldman Sachs banking crook, Lloyd Blankfein met with Obama right on the heels of his close buddy, Netanyahu.  This is due to a possible Federal default looming in the near future.

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India Gold Tax Rises Higher While China Becomes #1 Gold Market

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From last May:  Gold jewellery tax to push up prices – The Times of India—sales tax of only 1% even on trivial amounts of gold.  But coupled with the 6% gold import tax, this killed the Indian jewelry market. So, as I explained in the past, the Indus Bull was slain and the gold market in the US took a bit hit.  We see from the graph above, gold has been rapidly falling in price just like it did in the 1980’s.  Far from being attached to the value of the dollar, gold is a commodity traded in world markets and thus, follows the rules of supply and demand.  And demand is down in India which is a huge, huge gold market.

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