Ambrose Evans-Pritchard: Debt saturation pushes world back to gold

 

 

July edition of the Gold Standard Institute's journal

 

 

J.S. Kim: Why gold and silver mining stocks are still a buy

 

 

Here's a great "Must Read"

"The PunchLine" Has Nothing Funny To Say About The Future Of America 

In this relatively quiet night (no major central bank interventions... yet, just one downgrade warning of the United States, Fed "other assets", mostly of the 30 Year Treasury calls variety, at fresh record high), we are delighted to present our readers with the latest edition of Abe Gulkowitz' fabulous newsletter: "The PunchLine" which in our humble opinion succeeds in doing in 18 pages what Kiril Sokoloff's 13-D does in 80 (both being the best 3rd party research one can get about economic developments). So for everyone curious about what has been happening in the US in the past few months, or what is sure to happen, TPL is your one stop shop for unvarnished information, most typically presented in easy to digest, chart format. 

 

 

 

 

 

The Future Of Fiscal And Monetary Policy Through The Lens Of Goldman Sachs 

Still confused by the last two days of Ben Bernanke testimony which in under 24 hours had elements of glaring contradiction? A) You are not alone and B) Judging by the market's response to the Congressional and Senatorial portions of Bernanke's testimony, not even he knows what monetary message he was trying to convey. And since all of his decisions are ultimately predicated by Goldman Sachs (either in the form of current GS employee Jan Hatzius, or former GS employee Bill Dudley) here is Goldman's take on the "Q&A on the Monetary and Fiscal Policy Outlook" based on Alec Phillips and Sven Jari Stehn's take of Humphrey Hawkins events in the past two days. 

 

 

 

 

 

 

Bernanke: Fed May Launch New Round of Stimulus.
It seems that Helicopter Ben is addicted to "quantitative easing"--the Fed's euphemism for monetizing Federal debt. If they can repeatedly get away with creating dollars out of thin air, then the end result is inevitable: the wholesale destruction of the U.S. Dollar as a currency unit.




Jim Willie: The Silver Platter Opportunity

Captain Ben Can Handle the Debt Ceiling

 

 

 

 

Derivatives Rules to Help Swaps Market Grow $40.7 Trillion, Citigroup Says. 

The market for interest-rate and credit-default swaps will grow more than 10 percent to $435 trillion by 2013. Here is a quote: "Combined interest-rate and credit-default swap notional values totaled $394.3 trillion as of December, according to Bank for International Settlements data. The $601 trillion private derivatives market also includes foreign exchange, equity and commodity derivatives."

Markets May Turn Turbulent Waiting For Debt Deal




Fed Divided Over More Stimulus as Economy Weakens 




Motorists Driving Less, But Gas Prices Keep Rising




Economy Faces a Jolt as Benefit Checks Run Out

 

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