Paul Brodsky: Gold Could See Five Digits in 2012

from King World News:
On the heels of legendary trader Jim Sinclair’s interview regarding the current panic in the gold market, today KWN wanted to speak with the firm that is calling for $10,000 gold to get their take what readers should be focused on at this point. Paul Brodsky, who co-founded QB Asset Management Company, had this to say to KWN readers globally, “I think it’s important to keep gold in perspective when we look at gold and how much central banks own vs what is out there in the private sector. It totals less than 20%. Yet, clearly, treasury ministries around the world and central banks that control the flow in the stock of global currencies continue to hold gold and are becoming net purchasers of gold.”
Paul Brodsky continues: Read More @ KingWorldNews.com

And Now, A Present: "Are The Brokers Broken?" - A Reprise

Often times we are asked "why does Zero Hedge prefer to provide information in piecemeal increments and isolated snapshots (of irregularity) rather than write comprehensive articles (or even a book) that explain, from beginning to end why everything is broken - the end?" There are two answers - a short and a long one. The short answer is that finance, more so than any other field, changes so rapidly that the nuances are always and constantly on the margin, which in turn is stable only for the period of time that it is observed, and then it becomes part of "technical analysis." (Indeed, the Schrodinger wave function collapse is just as alive and well in finance as it is in the quantum arena). As such, we adhere to the paradigm describing the distinction between giving a man a fish and teaching a man to fish: we believe that it is far more useful to demonstrate all that ways in which the market (and global economy) works, or rather doesn't, than engage in extended exercises of vanity, which serve as much to stroke the author's ego, and demonstrate one's knowledge of SAT words, as they do to elucidate the matter at hand. By sharing our own views of events as they transpire in real time, be they right or wrong, we hope to provide our readers with the "connect the dots" patchwork required to evaluate relevant financial events as they occur in real time, instead of describing them in the in vitro vacuum of moody brooding. (As for a book, we are more than confident enough "independent" bloggers out there will succumb to the very system their protest against, and pen a few hundred pages on the goal-seeked topic of their choosing - the last thing the vast upcoming book pyre needs is our own intellectual self-pleasuring). The long answer is far longer, and, ironically, deserves a post of its own. But this is neither the time nor the place. What then is the purpose of this post is to break away from our tradition, but also not to recreate the wheel, as many others find delight in doing. Instead, as a special present to our readers, we share the seminal analysis by Citigroup's Matt King from September 5, 2008, titled "Are The Brokers Broken?" which in one place explains, better than anyone else has ever done, why the system is terminally broken, and why the best anyone can hope for is to keep kicking the can down the road until it all comes crashing down.

Assets Will Be Taxed More And More

Admin at Marc Faber Blog - 1 hour ago

I also have a concern generally speaking about our capitalistic system. For sure people with assets, they will be taxed more heavily, that’s for sure. - in BER *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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2012 Elections: I’m Not In The Business Of Endorsing Political Candidates

Admin at Jim Rogers Blog - 1 hour ago

Well I don’t even want to get into who I’m endorsing and why because I mean after all, I’m just one voter and I would probably hurt somebody if I endorsed them. I mean in America, Gary Johnson and Ron Paul seem to understand the problems that are facing America. But I’m not in the business of endorsing political candidates. - *in FNN* *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 Bloomb... more » 

The FEMA Camps Are Probably For These People. And They Will Go Willingly, in Their Air Jordans.

 

 

GoDaddy Lost 72,354 Domains This Week. It’s Not Enough.

from techi.com:

By Connor Livingston
Despite a massive Twitter campaign and a blog post that claims “Go Daddy no longer supports SOPA legislation” the company and their CEO have dodged questions about opposing the bill. In essence, they are taking a lesser role by not showing support for the bill. They have not opposed it.
This week, they lost more than 72,000 domain registrations. At a yearly discounted rate of $6.99 (most registrations are higher), that’s over half a million dollars per year. It is apparently not enough for them to speak out against the bill.
How many domains is the company willing to lose before they oppose this abomination of legislation? Do they believe that when they “step back and let others take leadership roles” that we are going to see it as something other than a “duck and cover” public relations move to try to get out of the spotlight and hope someone else takes the brunt of the attacks while they quietly support the bill?
Is 72,354 domains enough? Not even close…
Read More @ techi.com

Former State Senator Says ‘Goodbye, Illinois’

Former State Senator and Republican Cook County Board President candidate Roger Keats and his wife Tina left Illinois to live in Texas. They bid farewell to their Illinois friends in a Wilmette Beacon article, and with this letter, saying they’re “voting with their feet and their wallets.”

As we leave Illinois for good, I wanted to say goodbye to my friends and wish all of you well. I am a lifelong son of the heartland and proud of it. After 60 years, I leave Illinois with a heavy heart. BUT enough is enough! The leaders of Illinois refuse to see we can’t continue going in the direction we are and expect people who have options to stay here. I remember when Illinois had 25 congressmen. In 2012 we will have 18. Compared to the rest of the country we have lost 1/4th of our population. Don’t blame the weather, because I love 4 seasons.

I feel as if we are standing on the deck of the Titanic and I can see the icebergs right in front of us. I will miss our friends a great deal. I have called Illinois home for essentially my entire life. But it is time to go where there is honest, competent and cost effective government. We have chosen to vote with our feet and our wallets. My best to all of you and Good luck!

link is here.

The Fascist Threat - Lew Rockwell, Jr.

The link is here.

 

 

 

 

The Death Certificate Of The Paper Dollar: Where To Next?

The world dollar standard’s death certificate arrives in the mail this week. The Bank of England — “the Old Lady of Threadneedle Street” — one of the most staid, cautious, and dignified entities in the world of monetary policy — signals that the fiduciary currency standard ushered in on August 15, 1971 is, empirically measured, far inferior to the (dilute form of the) gold standard erected at Bretton Woods. Fellow Forbes.com columnist Charles Kadlec thoroughly reprises and analyzes the facts submitted to a candid world by the Bank of England in a paper to be officially published December 20, 2011.

The Bank of England’s Financial Stability Paper No. 13, Reform of the International Monetary and Financial System, reported at Bloomberg Business Week and reviewed here, is being seen by many monetary policy observers around the world as the “coroner’s report” on the death of the world dollar standard.

The world dollar system has been pronounced, now almost officially, a failure. The main surprise is that the pronouncement took so long. The call by Steve Forbes for a discussion about how to restore gold, and the work of monetary savants such as Lehrman, Shelton, and White laying out precisely how, could not be more timely — or needed. Public pollsters show gold to be extraordinarily popular with voters. Monetary reform is at the core of the conservative consensus. Presidential aspirants are taking note. Anticipate legislation.

Onward to gold — and prosperity.

the link to this piece, posted over at the forbes.com website, is here.

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