TedWeir

Originally Posted by TedWeir

Does anyone see how the EU will handle their financial problems with THIS?????????? These are the slow-minds running Europe into the financial toilet simply because hey don't want crappy cruddy lousy scummy completely bankrupt banks to fail, because they think they can prevent Greek's 120% for sure debt default!

Today's financial and government leards may have to go —we need new ideas free of the cozy club of mental decrepitude that we watch every day!

GO GO GO OCCUPY THE WORLD—we have to push the crap into the toilet and flush away... you can't build a world in the financial outhouse we are left with after what the banksters and their government shills have left us with. That is NOT leadership it's leadersh*t.

Well that's my rant for the day.

=]

T

Euro summit statement: the leaked draft

There will be regular Euro Summit meetings bringing together the Heads of State or government (HoSG) of

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Originally Posted by TedWeir

By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — There is a global economic boom coming, but unfortunately, that boom comes only after a systemic collapse of the global economy, markets and capitalism — a collapse that may well eliminate billions of people from the planet. Shocking? Cruel? Brutal? Yes.

But folks, that is the coded message in many recent warnings from environmental economists who finally realize that nothing will wake up the public. Nothing but a catastrophic system failure. Only then, a path to reform, recovery, a new boom.

But wait, you ask: If the consequences are worse than an asteroid slamming into Earth, why don’t we just plan ahead? Avoid the Black Swan? Why wait for some “creative destruction” to wipe out capitalism, reduce the global population

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Originally Posted by TedWeir

Despite claims from the "all mighty Bernank" that gold is not money, gold has been rising at an accelerated rate in recent trading session on concerns over any number of different reasons.


Weaker than expected economic growth. The debt ceiling potentially not being raised. The possibility of default. Europe sovereign debt crisis du jour. All of this has led to $1,600+ an ounce gold that looks like a run away freight train.


“Increasing the debt ceiling is not going to make the debt go away, while the debt problems in Europe aren't going to be resolved overnight, and we're seeing all these getting reflected in the weaker economic numbers,” said Zhang Yingying, an analyst at brokerage Galaxy Futures Co. to Bloomberg.


Gold has climbed to levels not seen ever in both New York and London trading, and if we continue to see weak economic data from the

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Erste Group's Ronald Stoeferle has released another must read report on gold, recapping all the recent developments in the space, and more importantly putting the recent price moves in context. While there are numerous key observations which we leave to readers to uncover on their own, arguably the key fact is the following: "The possession of gold is tantamount to pure ownership without liabilities. This also explains why it does not pay any ongoing interest: it does not contain any counterpart risk. Along with the International Exchange and the Chicago Mercantile Exchange, JPMorgan now also accepts gold as collateral. The European Commission for Economic and Monetary Affairs has also decided to accept the gold reserves of its member states as additionally lodged collateral. We also regard the most recent initiatives in Utah and in numerous other States as well as in Malaysia, and the planned remonaterisation of silver in Mexico as a clear sign of the times. The foundation ...