Dubai - the Ugly Details
• arcleinDubai suffered the world’s steepest property slump in the global recession, with home prices dropping 50 percent from their 2008 peak, according to Deutsche Bank AG.
Contents Pages by Subject
Economy - International
Poverty in Brazil,China and India
• arcleinBetween them, Brazil, China and India account for half the world’s poorest people and an even bigger share of those who have escaped poverty.
Jim Rogers: Budget Deficits Pushing Up Gold Prices
• David Lew for LewRockwell.comWhat is the real reason behind the historic rise in gold prices? Futures and spot prices of gold across global commodity bourses and bullion markets have been surging for the past few months.
Coconut-Crusted Salmon will be Served in the First Class Cabin
Brock LorberThe trip from bare subsistence to Boeing began with a simple, but evolutionary discovery.
How and Why China Will Flood the Gold Market
• RevolutionaryPoliticsThe Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year’s meltdown in the stock market, people believe it. After all, Chinese citizens don’t receive government retirement money…
Dubai Bust
• arcleinIf the Dubai crisis drags on, the dollar will get stronger and the flourishing carry trade will crash. That means that the maxed-out banks (which are heavily invested in high-risk positions) will get clobbered once again. That's the nightmare scenar
Indebted Dubai World rejected asset sale
• APDubai World "totally rejected" the possibility of selling off some of its top performing assets in the months before the heavily indebted conglomerate turned to creditors with a plea to defer payments on some of the $60 billion it owes.
Zinc Dimes, Tungsten Gold & Lost Respect
• kitco.comIn October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
Faking Gold Bars (Publisher: Very informative article)
• arcleinAfter reading that gold and tungsten has the same density, I cracked open my handy copy of ‘The Practicing Scientist’s Handbook (1978)’ and got the exact values. The density of gold is 19.32 g/cc and the density for tungsten is 19.3. Ouch! The diff
Dubai debt triggers investor panic
• Al JazeeraA debt default by the state-owned Dubai World has caused investors to sell off shares in Asian banks and raised fears of renewed financial turmoil.
Today on LewRockwell.com - November 27th 2009
• LewRockwell.comThe Day the Dollar Died (important read) - Decentralization and Operational Secession - The Price of Gold Will Double - The Goldman Sachs Disease Is Spreading - The Official CIA Manual of Deception
China, gold, and the civilization shift
• http://blogs.telegraph.co.ukStephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.
Dubai in deep water as ripples from debt crisis spread
• http://business.timesonline.co.ukFears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill.
Japan consumers go frugal, green as economy sags
• ReutersForget about designer brands and quirky gadgets: low-priced fashions and green products scored big in Japan in 2009, an advertising agency survey found, as consumers pinch pennies and take advantage of government stimulus subsidies. Hybrid vehicle
Dubai debt fears remain focus in world markets
• APEuropean stock markets regained their poise Friday on hopes Wall Street would not be hit as hard as Asia by the news Dubai is having trouble handling its debt.
Max Keiser on 'Tsunami alert'
• Max KeiserThe man who predicted the Dubai crash speaking on Russia Today about the "Tsunmai". He predicted this would happen in Feb of this year. He also correctly predicted the crash in Iceland in 2007. Why is he interviewd on RT, and not on CNBC?
Viscount Monckton on Climategate
• arcleinThis is what they did — these climate “scientists” on whose unsupported word the world’s classe politique proposes to set up an unelected global government this December in Copenhagen, with vast and unprecedented powers to control all formerly free m
CICC Says China Bond Market May Open to Foreign Firms in a Year
• Bloomberg.comNov. 25 (Bloomberg) -- Foreign companies may be able to sell bonds in China within a year as the government expands its domestic capital markets, according to China International Capital Corp., the No. 2 underwriter of yuan debt this year.
US growth downgrade weighs on world markets
• APEuropean and U.S. stock markets fell Tuesday after the U.S. government said the U.S. economy did not grow as fast in the third quarter as previously estimated, stoking fears that the recovery in the world's largest economy will be slow. In its sec
Bets rise on rich country bond defaults
• Financial TimesThe mounting level of debt in the industrialised world is prompting a growing number of investors to use the derivatives market to bet on the chance of rich governments defaulting on bonds. The volume of activity in sovereign credit default swaps
China quietly introduces new financial system
• Benjamin Fulford - www.silverbearcafe.comAt a top secret high-finance meeting scheduled for this weekend, China will propose that the US dollar be replaced by the Hong Kong dollar, according to a senior MI6 source. The proposal is under serious consideration by the backers of the new financ
Germany warns US on market bubbles
• Financial TimesGermany’s new finance minister has echoed Chinese warnings about the growing threat of fresh global asset price bubbles, fuelled by low US interest rates and a weak dollar.
Fears of ‘Lost Decade’ Grow for British Economy
• NY TimesBritain may finally be emerging from recession, but many analysts warn it is a false dawn. They argue, the economy is so ravaged by growing debts and ruined banks it will be following in the steps of Japan’s lost decade of the 1990s.
India doubles billionaires; Mukesh Ambani tops list
• ReutersWith the [Indian] stock market having gained more than 75% this year and the economy growing at nearly 7%, the number of billionaires jumped to 52 in 2009 from 27 in the previous year, just 2 short of the record in 2007, according to the ranking.
What If They Stop Buying Our Debt?
Doug Hornig“I have always depended on the kindness of strangers,” said Blanche DuBois, in the final words of the play A Streetcar Named Desire. Well, don’t we all.
Societe Generale tells clients how to prepare for 'global collapse'
• TelegraphSociete Generale(France) has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
Buy Gold, Not Miners: Jim Rogers
• Jim Rogers for LewRockwell.com"Yes, I should be selling at the top, but I don't think this is the top. Gold, adjust it for inflation back in 1980, gold should be over $2k an oz. right now. In my view, in this bull market in commodities gold will make all new highs adjust for infl
The Global Oil Scam: 50 Times Bigger than Madoff
• Seeking AlphaGoldman Sachs (GS), Morgan Stanley (MS), BP (BP), et al founded the Intercontinental Exchange (ICE) in 2000 to facilitate "dark pool" trading in the commodities markets. It is outside the US and operates free from the constraints of US laws.
America Follows Japan Off a Cliff
Bill BonnerIn the ’80s, everyone wanted to be Japanese. Management consultants used Japanese words to describe commonplace insights. For example, instead of saying that businesses always need to try to do things better, they referred to “kaizen” as if it were t
Gold Production Plateau
• arclein"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London. "Production peaked around 2000 and it has been in decline ever since, and we forecast that
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