Sunday, October 30, 2011

Full Barroso, Van Rompuy Letter Begging For G-20 Money

With the question of who will fund the majority of the EFSF, or the €560 billion of the €1 trillion, still outstanding, and with China no longer the slam dunk "dumb money" everyone had expected it to be, Europe turns to the next biggest beneficiary of maintaining the ponzi - the entire G20 itself. Below is the letter just sent out from the two Eurostooges in which they make it all too clear that money talks, or Europe walks. "We will implement these measures rigorously and in a timely manner, and we are confident that they will contribute to the swift resolution of the crisis. However, whilst we in Europe will play our part, this cannot alone ensure global recovery and rebalanced growth. There is a continued need for joint action by all G20 partners in a spirit of common responsibility and common purpose." Too bad Bernie Madoff went to jail before he could send out comparable letters to his own investors who by implication would have become "voluntary partners" with a gun to their head.

10/30/2011 - 02:03
In addition to the unknown factors impacting the European “solution”, next week the Federal Reserve will have their regular FOMC meeting and statement.

Never Act Upon Wishful Thinking

Admin at Jim Rogers Blog - 1 hour ago
“Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.” - *in a Gift To My Children* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

I Am A Great Optimist In Life

Admin at Marc Faber Blog - 1 hour ago

Well, I think I'm very constructive and I'm a great optimist in life, otherwise I would commit suicide in view of the kinds of governments we have now-a-days. Because, for sure, they will take wealth away from the well-to-do people one way or the other, and from the middle class, they will take it away through inflating the economy and lowering the standard of living. - *in Beacon Equity* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.*

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International Forecaster October 2011 (#9) - Gold, Silver, Economy + More

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