Friday, December 11, 2009

If the price drops a little- buy a little, If it drops alot then buy alot...

Gold Not a Bubble, Silver a Better Buy: Rogers


Please sell your Gold...
http://www.uncommonwisdomdaily.com/sell-your-gold-please-7835


Technicals: US Bear Market to Last until 2018


Greece Teeters on Bankruptcy


Federal Budget Deficit for November Hits $120.3 Billion


Geithner Says Treasury Faces Losses from Autos, AIG


Market Jitters as Spain Joins Dubai on Danger List


How to lose $127 million



I wonder how many Bankers and Politicians are currently reading about the French Revolution?


Jim Sinclair’s Commentary
How they have escaped this for so long is a testament of the sheeple as pussy cats.
Bankers might be feeling public’s wrath — literally By Daniel Tencer Thursday, December 10th, 2009 — 4:13 pm
A Los Angeles lawyer who had represented a failed subprime mortgage lender is found dead outside his home, having been shot in the head.
Three men allegedly invade the home of a former subprime lender, and are arrested after reportedly injuring three people inside.
Vandals target the home of the former CEO of the Royal Bank of Scotland, smashing windows in the banker’s home and car.
Those are just three notable incidents of violence aimed at people who were in some way linked to the financial crisis that has unfolded over the past year. And while in many of those cases it’s unclear whether the incidents were politically motivated, or motivated by financial issues, or just a coincidence, the cases fit into a pattern of escalating crime and violence in the wake of the recession.
Matthew Padilla of the Orange Country Register reports on a series of violent incidents in California in some way linked to the financial collapse.
More…




Jim Sinclair’s Commentary
Down under has a poor opinion of the economic recovery and the thesis of "Pretend and Extend."
The question right now is which place is Oz?
Joyce warns of US ‘Armageddon’ MARK DAVIS AND PHILLIP COOREY December 11, 2009
THE OPPOSITION finance spokesman, Barnaby Joyce, believes the United States government could default on its debt, triggering an ”economic Armageddon” which will make the recent global financial crisis pale into insignificance.
Senator Joyce said yesterday he did not mean to alarm the public but there needed to be a debate about Australia’s ”contingency plan” for a sovereign debt default by the US or even by a local state government.
”A default by the US means complete economic collapse around the world and the question we have got to ask ourselves is where are we in that,” Senator Joyce said.
His warning came as the Rudd Government ramped up its attack on Senator Joyce as an economic extremist by highlighting his strong opposition to Chinese sovereign investment in Australia.
The Treasurer, Wayne Swan, said it was a cause for concern that Senator Joyce had been elevated ”from the reactionary fringe of our economic debate to the second-most senior economic policymaking job in the alternative government”.
More…

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