GoldNomics - Cash or Gold Bullion?

Amazing Video for those that get confused by the benefits of owning Gold and Silver. Show this to people that don't understand, and I guarantee you even their hamster will get it.

Athens riots video: New round of clashes, stones & tear gas in Greece - June 28th

Protests in Greece today are being described as worse than at there peak. QE2 ending, the arab spring, Europe in Chaos? Keep your stops tight, could be a couple of bumpy months. Keep your Gold tighter.

David Stockman: Blackberry Panic of 2008

This guy can read my mind. This just makes sense.

The Communists Have Taken Over The Acropolis

Xerxes Blankfein's attempts to auction off Athens' monuments appear to have met with a resilient match in the face of the communist affiliated Spartans who have now covered the Parthenon with slogans that read: "The peoples have the power and never surrender - Organise - Counterattack." For indications of just what this "organized counterattack" will look like keep an eye on livestreams from Syntagma tomorrow, when the stakes will be far higher than during last week's vote of confidence.

 

Read the full story at ZeroHedge Here:

http://www.zerohedge.com/article/communists-have-now-taken-over-acropolis

Washington and Wall Street's Incestuous Corruption

"HONESTY is not the policy of Washington or the Investment Banks."

Read Martin Armstrongs latest piece about the deep corruption that runs through government and wall street.

Nigel Farage Holds Funeral Procession For Euro In The Middle Of Brussels

The world's premier euroskeptic, Nigel Farage, just held a funeral procession for the Euro after Europe now has just 10 days left in which to save its battered currency. ND at the rate Europe is imploding, Nigel won't have long to wait to get confirmation that all his concerns about the flawed European experiment were not only grounded but outright optimistic. And yet Europe, caught up in its own historic ponzi, refuses to do the right thing which is to impair banks with a 50%+ haircut, and instead will kick the can down the road, in the process destroying any residual liquidation value of hundreds of trillions of impaired assets, which as has been pointed out on numerous times before, are concurrently the liabilities of other banking institutions, therby making the entire central banking plan of debt inflation pointless. Farrage summarizes this best: "European banks are going to take a hit at some point anyway, if you are a bank owed a great deal of money it's better to get 50% of it than none of it. Down the path we are going now is heading for a total bust." Probably a good analogy is that if Bernie Madoff was stopped in the 80s or ever 90s, much of his capital would have been recovered. Alas, waiting until he himself cried uncle, guaranteed no recoveries for anyone. It is sad that Europe, and the entire "developed world" has decided to pursue this path. 

Read the full story here:

http://www.zerohedge.com/article/nigel-farage-holds-funeral-procession-euro-middle-brussels

Mike Krieger Sees Widespread Panic

That’s two press conferences laden with softball questions from “the press” and two epic flops by The Bernank.  Two extremely important things that came out of the disaster that was this event yesterday.  First, I want to point your attention to the quote I pasted at the top.  In response to the question of where The Bernank stood on monetary policy in light of his prior arrogant and cocksure statements a decade earlier about how the Japanese were being too passive in their methods he stated “Well, I'm a little bit more sympathetic to central bankers now than I was 10 years ago.”  BINGO.  That was far and away the most important thing he said the whole press conference.  Why?  Well, for several reasons.  First, it was pretty much the only spontaneous unscripted thing he said the whole time.  Second, because this is him basically admitting that sitting in an ivory tower telling others how to save the free world via monetary policy was a naive and idiotic thing to do (why people still believe in central banking, I mean planning, is beyond me).  Talk is cheap and The Bernank now has had time to test his sad statist theories and guess what happened?  He failed miserably in front of the entire world.  By saying that he is “more sympathetic to central bankers” he is saying that theories are one thing and he now realizes that.  This is HUGE.  The Bernank has no clothes.

- Mike Krieger, via ZeroHedge

Read the full article here:


http://www.zerohedge.com/article/mike-krieger-widespread-panic

Enough Said...

 

Gerber 31-000701 Bear Grylls Survival Series Ultimate Kit

Tweet Tweet - It's QE to Infinity and Beyond!

Gross: Next Jackson Hole in August will likely hint at QE3 / interest rate caps.

- Bill Gross

Forbes talking about a Return to the Gold Standard! It's coming one Way or Another.

Gold convertibility would save not only the Euro but all paper currencies. This includes the U.S. dollar. Soon the focus will turn to the legitimacy of state gold reserves.

Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major step forward. Thought leaders are abandoning “old monetarism,” which was vainly fixated on quantity. Even its chief proponent, Milton Friedman, acknowledged old monetarism as unsuccessful in a 2003 interview with the Financial Times. An emerging “new monetarism” is quickly taking its place — one that focuses on the quality, not quantity, of money.

Empirical data suggest that the gold dollar represents the epitome of quality. As Forbes’ own Steve Forbes advised the presidential candidates last week, the “debate should be focused on what the best gold system is, not on whether we need to go back on one.”

- Forbes

Martin Armstrong - The Search for Intelligent Life

Is their Intelligent life within Government? From my experiences and others I know, the answer is not much. If you do find it, it rarely stays long.

Read Martin Armstrongs latest article:

This is as Serious as it Gets

“The problem is so serious, the problem is so present time, the problem is so real that it has inherent in it the probability that the economy is not going to have a significant recovery for more than a decade.  And the standard of living in the United States, the standard of many who are reading this now, especially those who have taken no measures whatsoever to protect themselves, who simply look at it as reading something of interest but not really acting on it, is going to be so significantly impacted as to make the middle-class or higher middle-class join the serf class.  This is as serious as it gets.``

- Jim Sinclair

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