Why QE2 + QE Lite Mean The Fed Will Purchase Almost $3 Trillion In Treasurys And Set The Stage For The Monetary Endgame

 

International Forecaster September 2010 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster


Gold – An 11 Year High For 2010?

Posted: Sep 25 2010     By: Jim Sinclair      Post Edited: September 25, 2010 at 2:55 pm
Filed under: General Editorial
Jim Sinclair’s Commentary

1. Armstrong and I disagree on the fundamentals.
2. The fundamentals can be a mixture of what he sees and what I believe as currency induced cost push inflation is inherent in his analysis.
3. That however is not relevant to the trader or investor as it is gold that protects the investor from financial destruction.
4. You will see how $1650 fits into his view which has been my price objective since you first tuned in to JSMineset.
5. The history lessons are extremely interesting.

Click image to enlarge Armstrong’s latest in PDF format




Jim Sinclair’s Commentary
Why not? You know she was a major victim of OTC derivatives with palace size losses.
UK Queen tried to use state poverty funds to heat her palaces

Queen tried to use state poverty fund to heat Buckingham Palace
Ministers were asked if money earmarked for schools, hospitals and low-income families could be used to meet soaring fuel bills By Robert Verkaik
Friday, 24 September 2010
The Queen asked ministers for a poverty handout to help heat her palaces but was rebuffed because they feared it would be a public relations disaster, documents disclosed under the Freedom of Information Act reveal.
Royal aides were told that the £60m worth of energy-saving grants were aimed at families on low incomes and if the money was given to Buckingham Palace instead of housing associations or hospitals it could lead to "adverse publicity" for the Queen and the Government.
Aides complained to ministers in 2004 that the Queen’s gas and electricity bills, which had increased by 50 per cent that year, stood at more than £1m a year and had become "untenable".
More…


Jim Sinclair’s Commentary
The Green Hornet mentioned that if we owned a Chevy Volt we better have a bicycle rack on top.
Remember when This was going to be a hot seller for GM? What a bad joke this is.

GM: Volt Can Go 25-50 Miles on Batteries
(DETROIT) — General Motors on Thursday altered the expected range that its Chevrolet Volt electric car can travel on battery power alone.
The automaker now says the Volt can go 25 to 50 miles on battery power, compared with the 40 miles it had previously said it would travel.
The distance will depend on temperature, terrain, driving technique and the age of the lithium-ion batteries.
More…


Jim Sinclair’s Commentary
Here is another trillion dollar bag of worms. This means QE to infinity must occur or the black hole the Western world finances are in will be revealed with results so shocking they should not be discussed.
No wonder the present administration is losing people weekly.

Commentary: The Silence over Repos Is Shocking Published: Friday, 24 Sep 2010 | 7:55 AM ET
By: Gillian Tett, Financial Times
Four months ago, New York bankers issued a 43-page report on the tri-party repurchase, or “repo”, market, which solemnly described some of the sector’s shortcomings. The New York Federal Reserve then issued additional comments – and called for reform.
Both reports almost immediately vanished from public view. They were not, for example, mentioned in all the US Congress summer debates. Indeed, the Dodd-Frank bill barely touches them at all. And, this month, as European and US regulators have marked the second anniversary of the collapse of Lehman Brothers by unveiling new financial reforms, the issue has barely cropped up at all.
Perhaps this is unsurprising: after all, until 2008 the workings of the repo market – or the part of finance where banks raise short-term loans backed by collateral – seemed distinctly dull. But in many ways this silence is shocking.
After all, the sector is huge: the total volume of so-called “tri-party repo contracts” – or those arranged via a third-party broker – in the US peaked at about $2,800 billion in early 2008 and is now at about $1,700 billion.
Moreover, the repo market was central to the dramas of 2008. One of the main reasons why entities such as Lehman Brothers collapsed, after all, was that investors fled from repo deals, because they became frightened about counterparty risk. They also feared that the collateral backing these deals was losing value, particularly in relation to mortgage bonds, which represented 37 percent of collateral.
More…

Rickards sees dollar collapse prompting new gold standard at +$5,000/oz

 

A Red-Alert Threat to the Regime
By: Gary North


Remobilize Gold To Save The World Economy!
By: Antal E. Fekete



If Currencies ‘Race To The Bottom’ With Competitive Weakening, Will Gold Return To The World Of Money?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch



Seen At 11: Ready For Anything 'Preppers' Are Doing Exactly That In Anticipation Of Doomsday


Gold & Silver Are Sounding The Alarm

  
Currency Crisis Has Begun

 
Irish Economy Faces Double-Dip Recession


US Dollar Slumps Amid Gloomy Economic Prospects


US Dollar Hits New Low Against Yen After Fed Says Will Print More Money


China Allows Banks to Sell Loans on Interbank Market; 21 Lenders Sign On




Warren Buffett: We're Still in a Recession Despite What Officials Say.


Amazing video that shows a labor union hiring minimum wage non-union protestors to picket Wal-Mart for paying minimum wage and being non-union.



Sherman Oaks enters correction phase. $1,200,000 home now selling for $720,000.