Saturday, November 14, 2009

The World Financial Report, Nov 13, 2009

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Gold to $5000, Armstrong Economics

GOLD $5000+ 11/11/09

The Global Oil Scam: 50 Times Bigger than Madoff

$2.5 Trillion - That’s the size of the global oil scam. It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in "Madoff Units" ($50Bn rip-offs). That’s right - $2.5Tn is 50 TIMES the amount of money that Bernie Madoff scammed from investors in his lifetime, yet it is also LESS than the MONTHLY EXCESS price the global population is being manipulated into paying for a barrel of oil. (more)

Do We Goldbugs Finally Have Your Attention?

The past two weeks have brought two massive paradigm shifts to a Gold market that has been morphing literally on a daily basis for the past few months. During this time, the pundits and purveyors of misinformation and tripe have done their best to ‘student body left’ Gold back into obscurity as an ancient, barbaric relic. They certainly get an ‘A’ for effort. Now that Gold has made its debut above $1100 an ounce, they’ve switched their tactic and are now calling it a bubble. We’ll deal with why this cannot be the case in a bit.

For the past 9 years now, students of history and common sense have been literally shouting from the rooftops that Gold was the place to be as the monetary tradewinds shifted back in 2000 and the fiat inflationary cycle began to go parabolic. While the multi-trillion dollar deficits might be a surprise to many, for those who understand how these things work, it is just a mundane repetition of history and yet another confirmation that man cannot alter the laws of economics or his own intrinsic predilection to ignore events past. (more)

World Rushes to Prop Up U.S. Dollar

In efforts to prop up the ailing U.S. dollar, experts estimate that some of the largest emerging economies may have spent as much as $150 billion on currency intervention over the past two months, according to data from Brown Brothers Harriman.

Though currency markets usually experience turnover of more than $3 trillion a day, traders pay close attention to what governments are doing and where they are likely to intervene.

Thailand, South Korea, Russia and the Philippines have been buying dollars in hopes of holding down the value of their currencies, as the dollar hovered near 15-month lows. (more)

The Economist (November 14th - November 20th 2009)

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Business Week - November, 23 2009

* Why wait for health reform.

* 10 ways to cut costs. Righ now

* Special report: The most intriguing starups.

* Trade: China's end run.

* M&A goes hostile.

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Smart Money - December 2009

* Refresh your financial life. Make these 5
moves to stay ahead of the recovery.

* Time to buy tech: our top 5 picks.

* Holiday retail exposed we go undercover.

* How 3 investing stars bounced back.

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