Tuesday, February 22, 2011

Harvey Organ 2-22-11 Part A, Part B to follow in a few hours...

silver remains resilient/silver/gold withstand massive raid:

 

Silver, 1980, and why we shouldnt drive while looking in the rear view mirror

 

Six Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money



Federal, state and local debt hits post-WWII levels



Pan American Silver Shifts Assets to Canadian Dollars

 

Which US Banks Are Managing Billions For The $32 Billion Libyan Sovereign Wealth Fund?


Following the previous post taking a tangential if insightful peek into Gaddafi's personal eccentricities, we next look at something far more important, where once again courtesy of Wikileaks disclosure, we find that the Libyan Sovereign Wealth Fund (Libyan Investment Authority, or LIA), whose holdings were first dissected on Zero Hedge, and whose AUM is supposedly a massive $32 billion, has "several American banks each managing USD 300-500 million of the LIA's funds." Perhaps now that UniCredit has plunged by 12% in the past few days due to the recognition of Libya's involvement in the bank it is time for the US banks who manage billions in capital for the LIA, to step up. After all even most of the country's ambassadors have vocally recused themselves of any association with the government. Perhaps our banks can show a comparable level of objectivity and at the loss of a few million in management fees clean their conscience, before someone does it for them. Also curious is the fact that the LIA appears to have had its own direct involvement with a certified ponzi after having been approached by both Stanford (with a rumored investment by the LIA being the end result) as well as the one, the only, original (post-modern) ponzmaster, Bernie Madoff.



Egyptian 'Net Killed By Intimidation, Not a Switch.
 
 
 
 

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