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