Marc Faber: ‘I Think We Are All Doomed’

Added: 24.02.2011 (Complete PDF transcript) All who enjoy hearing a meaty Marc Faber fire and brimstone sermon, that cuts through the bullshit, will be happy to know that the Gloom, Boom and Doom author conducted a 40 minute interview with the McAlvany Financial Group, which covers all the usual suspects: gold, silver, precious and industrial [...] continue reading world news

FKN Newz: Hypocrisy Sweeps Middle East – 02/26/2011

Added: 25.02.2011 continue reading world news

Japan’s Demographic Time Bomb Officially Goes Off: World’s Largest Pension Fund Needs to Sell Japanese Bonds

See also: - IMF: Japan’s Debt And Deficit ‘Are Not Sustainable’ - Standard & Poor’s Downgrades Japan’s Credit Rating On Debt Concerns, Yen Tumbles, Yields Rise - Japan’s Debt: $80.000 Per Person - Japan Mulls Monetisation of Public Debt And Yen Devaluation By 30 Percent - Analysts: Risk of Japan Going Bankrupt is Real I’s [...] continue reading world news

All Hail King Euro!

Who cares about widening spreads on the periphery, inconsistent growth, and the election in Ireland? The euro is now above $1.38, if you hadn’t noticed. What a run these last 10-or-so days: Joe Weisenthal | Feb. 25, 2011, 4:45 AM Source: The Business Insider continue reading world news

US oil soars as high as $100 on Libya unrest – Petrol to hit £6.50 a gallon: Middle-East crisis cuts supplies – Markets get jitters as oil price heads for the sky

- US oil soars as high as $100 on Libya unrest (Reuters): NEW YORK (Reuters) – U.S. crude jumped to a 28-month high of $100 a barrel on Wednesday, as investors weighed the risk of Middle East unrest spreading from Libya to bigger exporters including Saudi Arabia. U.S. crude for April delivery rose 2.8 percent [...] continue reading world news

Short Squeeze in Silver, Manipulators Getting Overrun

With gold and silver pulling back, King World News interviewed John Embry, Chief Investment Strategist at Sprott Asset Management. When asked about the move in gold and silver Embry stated, “We have been anticipating this for some time which is why we have had such high price targets for both gold and silver. Without exception [...] continue reading world news

ECB’s Axel Weber: Bailouts Have Damaged Basis Of Euro Zone

The bailouts have damaged the basis of Europe’s currency union? Yes, but look who’s talking: Bundesbank President Axel Weber dished out €338 billion!!! - Bankrupting Germany: German Bundesbank Financed ECB and National Central Banks With €338 Billion, ifo-Institute President Prof. Hans-Werner Sinn Stunned The bankster bailouts bankrupted several countries, that already needed bailouts themselves to [...] continue reading world news

Bank Run: South Korea Suspends Four Savings Banks For Six Months From Today Due To A Liquidity Crunch

Feb. 19 (Bloomberg) — South Korea’s Financial Services Commission suspended the business of four local savings banks for six months from today due to a liquidity crunch. The four banks are Bohae Mutual Savings & Finance Co. and three subsidiaries of Busan Savings Bank — Jungang Busan Savings Bank, Busan II Savings Bank, and Jeonju [...] continue reading world news

Bank Run: Ivory Coast Banks, Stock Exchange Close

Ivory Coast’s financial system is grinding to a halt with banks closing and the stock market suspended, sparking a run on the banks left open as the West African nation’s political crisis drags on. (Bloomberg) — Ivory Coast’s financial system is grinding to a halt with banks closing and the stock market suspended, sparking a [...] continue reading world news

Silver: Short Squeeze Could Be the Big One – Reaches New Multi-Decade High – Still In Backwardation

And please keep it, although this guy certainly made his point: - Man Buys Maple Leaf Silver Coins And Throws Them Into The Ocean: Crash JP Morgan – Buy Silver! (Video) With silver closing at a new multi-decade high, King World News today interviewed James Turk out of Spain. When asked about silver specifically Turk [...] continue reading world news

Algeria Run By the Mafia Says Former Deputy Algerian Ambassador to Libya: The Richest Country The Poorest People

The former Deputy Algerian Ambassador to Libya describes the Mafia that runs Algeria Added: 16. February 2011 continue reading world news

World Bank President Zoellick: Surging Food Prices Have Pushed 44 Million People Into Extreme Poverty

We give Robert Zoellick 4 to 6 weeks before he follows Axel Weber, Kevin Warsh and the COO of one of the bankrupt GSEs (we forget his name) into the sunset. The reason? After breaking ranks with the Criminal Bank Cartel last year and calling for a return to the gold standard, the president of [...] continue reading world news

Tungsten Outperforms Gold, Returns 70 Percent In Last Year

Flashback: - German TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin - Fake Gold Bars in Fort Knox! What’s Next? The IMF sold Gold plated tungsten bars to India ?! - Ron Paul Calls for Audit of US Gold Reserves: “If there was no question about the gold being [...] continue reading world news

National Bureau Of Statistics of China: Chinese Food Prices Have Increased By 4.6 Percent In Ten Days! (416 Percent Annualized!)

This is simply stunning. A quick parsing of the data released every ten days by the National Bureau Of Statistics of China indicates that the average price of food in 50 cities in the January 21-31 period has increased by 4.6% compared to the prior 10 day period (and 416% annualized)! Granted, this is a [...] continue reading world news

‘US Silver Term Structure Inverts As Supply Tightens’ – Reuters Article On Silver Backwardation

Don’t miss: - Silver Bullion Backwardation Suggests Supply Stress: Backwardation rarely happens in the gold and silver bullion markets. Since gold futures first started to be traded in 1972 (on the Winnipeg Commodity Exchange), there have only been momentary backwardations of a few short hours. - Silver Lease Rates Rise Sharply – Bond Yields in [...] continue reading world news

Petition: Openness About the Dutch Gold Reserves

Read the Google translation here: - Openness About the Dutch gold: While there’s been a major financial crisis, it gives our central bank, De Nederlandsche Bank (DNB), no disclosure concerning our gold inventory and receivables. DNB noemt het goud zelfs “ons nationaal appeltje voor de dorst”. DNB even calls it gold “our national nest egg.”In [...] continue reading world news

Chinese Officials Propose To Increase Gold Holdings Beyond Fort Knox Level

Beyond Ft Knox Level? So China will increase its gold holdings beyond ZERO? Hopefully I was just kidding, but as Ron Paul said: “We don’t even know if the gold is still there.” – Chinese Have A New Method To Buy Massive Amounts Of Physical Gold, Bypassing Comex And Any Form Of Delivery Limits And [...] continue reading world news

Perth Mint Has Run Out of 100 Ounce SILVER Bars for at least 6 Weeks!!!

King World News has verified with the Perth Mint that they have run out of 100 ounce silver bars and they are not slated to be available again until the end of March. As of the close Thursday, 100 ounce silver bars were still unavailable at ScotiaMocatta as well. KWN also reached out to one [...] continue reading world news

Silver Closes Well Above $30 As The Dip Is Now Fully Bought

Only gold and silver are real money: - Gold Game Changer: JP Morgan Accepts Bullion as Money I’ve told you a long time ago that for the elitists only gold and silver are money, everything else is just (worthless) paper to them. It looks like the much maligned correction in silver is over. After surging [...] continue reading world news

WikiCIALeaks Cables: Saudi Arabia Cannot Pump Enough Oil To Keep A Lid On Prices, Overstated Reserves By 40 Percent

US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40% Saudi oil refinery. WikiLeaks cables suggest the amount of oil that can be retrieved has been overestimated. Photograph: George Steinmetz/Corbis The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough [...] continue reading world news

Michigan Prepares For A Tsunami Of Muni Financial Crises

State after state will go bankrupt, asking the even more bankrupt federal government for a bailout. Dozens of Michigan’s municipalities and school districts could soon face major financial problems and an unnamed handful are on the brink of becoming insolvent, warns State Treasurer Andy Dillon. To prepare for the onslaught, the state treasurer’s office will [...] continue reading world news

AOL is Buying The Huffington Post for $315 Million

Arianna Huffington said that as she began talking to Tim Armstrong of AOL, “it was really amazing how aligned our visions were.” The Huffington Post, which has grown from its small but splashy debut in 2005 into one of the Web’s most popular news sites, has agreed to sell itself to AOL, Jeremy W. Peters [...] continue reading world news

JP Morgan Suspected Bernie Madoff Running A Ponzi Scheme 18 Months Before His Scam Was Revealed

See also: - Top Wall St bank ‘suspected Bernie Madoff 18 months before his scam was revealed – but kept doing business with him’ (Daily Mail): A top Wall Street bank is said to have suspected Bernie Madoff was a crook more than 18 months before he was exposed as the world’s biggest swindler. But [...] continue reading world news

Bernanke Speech Translation

Quantitative Easing works just as intended by the elitists. This article originally appeared in The Daily Capitalist. Ben Bernanke is speaking at the National Press Club today and his pre-released speech says basically that QE2 is working: Since August, when we announced our policy of reinvesting maturing securities and signaled we were considering more purchases, [...] continue reading world news

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

I have told you to get your gold and silver out of the banking system so many times for several good reasons: - James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System Don’t forget: If martial law will be declared in the future you have to bury your guns. According [...] continue reading world news

Canada’s Biggest Bullion Bank Scotia Mocatta: ALL SILVER BARS SOLD OUT

When a week ago we noted that ScotiaMocatta sold out of the Valcambi 1 kg block, yet once again showed the 100 oz silver bar as  back in stock, we said: “We will keep tabs on how long before this also becomes “sold out.”" We have the answer and it is 7 days. As of [...] continue reading world news

The Stock Market Is More Overvalued Than It’s Been In A Decade: The Q Ratio Moves Yet Further Into Nosebleed Territory

The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. Fortunately, the government does the [...] continue reading world news

Top Bank Manager Stefan Törnqvist: The Euro Will Fail Within 2 Years

… which is why high ranking EU officials have been told, a few days ago, to BUY GOLD and prepare for the collapse of the euro. I’ve been constantly telling you to protect your assets with gold AND SILVER. These are the original articles: - “Om två år kan vi ha ny valuta” (Hufvudstadsbladet): ‘In [...] continue reading world news