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Thomas Kaplan of Tigris Financial is probably world's ultimate gold bull.
Even George Soros and John Paulson take notes from him, following him into certain investments.
He's virtually gone all-in on the yellow metal.
Read more: http://www.businessinsider.com/thomas-kaplan-ultimate-gold-bull-2010-5#ixzz0okkO01bT
Thomas Kaplan of Tigris Financial is probably world's ultimate gold bull.
Even George Soros and John Paulson take notes from him, following him into certain investments.
He's virtually gone all-in on the yellow metal.
Read more: http://www.businessinsider.com/thomas-kaplan-ultimate-gold-bull-2010-5#ixzz0okkO01bT
10 Gold Charts Commercial Investment Firms Don't Want Their Clients to See
http://www.zerohedge.com/article/10-gold-charts-commercial-investment-firms-dont-want-their-clients-see
10 Gold Charts Commercial Investment Firms Don't Want Their Clients to See
http://www.zerohedge.com/article/10-gold-charts-commercial-investment-firms-dont-want-their-clients-see
"We Are On Schedule for a Very, Very Long Bear Market," Prechter Says
http://finance.yahoo.com/tech-ticker/dow-slumps-3.6-%22we-are-on-schedule-for-a-very-very-long-bear-market%22-prechter-says-492864.html?tickers=^DJI,^GSPC,^IXIC,^RUT,^VIX,IWN,TLT
4M HERE....
Beyond the Point of No Return: You Need to Buy Gold - Bud Conrad
http://seekingalpha.com/article/204882-beyond-the-point-of-no-return-you-need-to-buy-gold-bud-conrad
Beyond the Point of No Return: You Need to Buy Gold - Bud Conrad
http://seekingalpha.com/article/204882-beyond-the-point-of-no-return-you-need-to-buy-gold-bud-conrad
JP Morgan: Gold Could Now Face 'Unlimited' Demand
http://www.businessinsider.com/jp-morgan-gold-now-could-face-unlimited-demand-2010-5#ixzz0nozfdSwu
JP Morgan: Gold Could Now Face 'Unlimited' Demand
http://www.businessinsider.com/jp-morgan-gold-now-could-face-unlimited-demand-2010-5#ixzz0nozfdSwu
JP Morgan: Gold Could Now Face 'Unlimited' Demand
http://www.businessinsider.com/jp-morgan-gold-now-could-face-unlimited-demand-2010-5#ixzz0nozfdSwu
GOLD SEEN AS ZERO RISK REFUGE
No charts are necessary. A thousand words might suffice, rather than six charts showing Gold breaking out to new highs across the world. Some major points scream to be told. Here is a list:
* Gold is rising in every single major currency
* Gold is not a hedge against price inflation, but rather against ruined monetary system
* Gold is making new highs in almost every single major currency
* Gold had consolidated in price for four months, the base for breakout
* Gold will reach $2000 in price within the next two years time
* Gold is desperately needed to anchor the failed fiat paper currency system
* Gold is planned for a component role in the new Northern Euro currency
* The sovereign debt crisis has fueled demand for Gold without the full realization that the central bank franchise system has failed along with the fiat currencies
* Quantitative Easing is monetary hyper-inflation, the fuel of the Gold rally
* Gold is urgently needed as a bank reserve to ensure proper function
* Gold contains no inherent counter-party risk
* Gold is in the midst of vast supply shortages
* The Gold Cartel is seeing defections among its allies, who are buying gold bullion after the cartel knocks down the price
* Nations are hoarding their gold mining output, the latest possibly Venezuela
* Gold is seeing panic buying in parts of Europe, like Austria
* Gold mining output is trending down for the past few years
* Gold was by far the #1 investment asset in the entire 2000-2009 decade
* The US Dow Jones Industrial Average is in multi-year decline, in Gold terms
* Gold is protected from human corruption, except in its theft and hollow replacement
* Gold market is receiving heavy scrutiny for corrupt metal exchanges
* The London Bullion Market Assn has been in default since December, bribing on delivery demands to receive cash settlement with a 25% premium paid
* The GLD gold exchange traded fund is a corrupt diversion from metal ownership
* Hong Kong is soon to offer several exchange traded funds for Gold
* Gold can and does rise in price concurrently with the USDollar
* Future payment for oil shipments will require a gold-backed currency
* New barter systems of trade will contain a gold core component
* Gold is the ultimate safe haven asset
* The USTreasury has no gold reserves, as Fort Knox is empty, since the Clinton-Rubin gang leased it and sold it all
* PIGS nations have more gold reserves than the United States
* Switzerland and Canada have almost zero gold in national reserves
* The IMF gold sales are lies, actually closed out USGovt gold short transactions from past years when the Clinton-Rubin gang leased gold for sale
* Gold leased from the Italian central bank was lost by LongTerm Capital Mgmt
* Bear Stearns was targeted for a kill, since it was long in gold, defying Wall Street
* China participates with the IMF sideshow game in order to buy its gold pledges
* If Gold were revalued at 3x to 5x the price, many national banking systems would be restored to health and solvency
* Price hyper-inflation is the likely next blemish on the US landscape, which will fuel broad public gold demand
* Any attempt by the USGovt to confiscate gold would result in a gigantic backfire, with the gold price doubling in price, and US foreign assets subjected to freezes
* Gold will reach its high range when US bankers along with London bankers face a Nuremberg style criminal trial on the global stage
* Prepare for the arrival of a small group of new Gold-backed currencies, the USDollar death knell
* As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1913, "Gold is money, and nothing else"
GOLD SEEN AS ZERO RISK REFUGE
No charts are necessary. A thousand words might suffice, rather than six charts showing Gold breaking out to new highs across the world. Some major points scream to be told. Here is a list:
* Gold is rising in every single major currency
* Gold is not a hedge against price inflation, but rather against ruined monetary system
* Gold is making new highs in almost every single major currency
* Gold had consolidated in price for four months, the base for breakout
* Gold will reach $2000 in price within the next two years time
* Gold is desperately needed to anchor the failed fiat paper currency system
* Gold is planned for a component role in the new Northern Euro currency
* The sovereign debt crisis has fueled demand for Gold without the full realization that the central bank franchise system has failed along with the fiat currencies
* Quantitative Easing is monetary hyper-inflation, the fuel of the Gold rally
* Gold is urgently needed as a bank reserve to ensure proper function
* Gold contains no inherent counter-party risk
* Gold is in the midst of vast supply shortages
* The Gold Cartel is seeing defections among its allies, who are buying gold bullion after the cartel knocks down the price
* Nations are hoarding their gold mining output, the latest possibly Venezuela
* Gold is seeing panic buying in parts of Europe, like Austria
* Gold mining output is trending down for the past few years
* Gold was by far the #1 investment asset in the entire 2000-2009 decade
* The US Dow Jones Industrial Average is in multi-year decline, in Gold terms
* Gold is protected from human corruption, except in its theft and hollow replacement
* Gold market is receiving heavy scrutiny for corrupt metal exchanges
* The London Bullion Market Assn has been in default since December, bribing on delivery demands to receive cash settlement with a 25% premium paid
* The GLD gold exchange traded fund is a corrupt diversion from metal ownership
* Hong Kong is soon to offer several exchange traded funds for Gold
* Gold can and does rise in price concurrently with the USDollar
* Future payment for oil shipments will require a gold-backed currency
* New barter systems of trade will contain a gold core component
* Gold is the ultimate safe haven asset
* The USTreasury has no gold reserves, as Fort Knox is empty, since the Clinton-Rubin gang leased it and sold it all
* PIGS nations have more gold reserves than the United States
* Switzerland and Canada have almost zero gold in national reserves
* The IMF gold sales are lies, actually closed out USGovt gold short transactions from past years when the Clinton-Rubin gang leased gold for sale
* Gold leased from the Italian central bank was lost by LongTerm Capital Mgmt
* Bear Stearns was targeted for a kill, since it was long in gold, defying Wall Street
* China participates with the IMF sideshow game in order to buy its gold pledges
* If Gold were revalued at 3x to 5x the price, many national banking systems would be restored to health and solvency
* Price hyper-inflation is the likely next blemish on the US landscape, which will fuel broad public gold demand
* Any attempt by the USGovt to confiscate gold would result in a gigantic backfire, with the gold price doubling in price, and US foreign assets subjected to freezes
* Gold will reach its high range when US bankers along with London bankers face a Nuremberg style criminal trial on the global stage
* Prepare for the arrival of a small group of new Gold-backed currencies, the USDollar death knell
* As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1913, "Gold is money, and nothing else"
Gold and Silver Soar as Confidence in World Currencies Crumbles
My Take:
As you can see above, gold has now hit an all time high, soaring to over $1235 an ounce in the futures market as we speak. We also saw a huge spike in silver as seen above in graph #2.
This is not an inflation adjusted high for gold, but this point is irrelevant because the reason that gold is rising is not about fears of inflation like we have usually seen in the past when gold has soaring.
The reason gold is flying higher is because it's clearly the only currency left that's not being destroyed by a major central bank. Trust me: The bankers would love to debase it if they could, but they can't because gold and silver have an inherent value that's been established for thousands of years.
The destruction of the euro after Europe's trillion dollar sovereign bailout announcement has forced the market makers to re-evaluate the value of all currencies IMO.
They are beginning asking themselves: Could the dollar and euro be worth nothing if they are backed by nothing more than governments that are currently being strangled by trillion dollar deficits?
About a year ago gold would always sell off hard anytime we saw a jump in the dollar. This has no longer been the case especially since Europe has fiscally blown up thanks to the PIIGS. Gold has actually hit new highs despite the huge rise in the dollar. This is something to seriously take notice of!
The reason gold is ignoring the huge rise in the dollar appears pretty clear: One currency that rises versus another currency isn't all that impressive if BOTH are essentially worthless as a result of the massive debts that back both of them.
This has created what I call "The Value Crisis" where investors are beginning to realize that there is nowhere to hide in this market.
I mean look at the current options for investors:
* Munies: Ummm no thanks I'll pass when many states are on the brink of bankruptcy.
* Treasuries: Heh...Works for now but for how long as we continue to run trillion dollar deficits?
* Stocks: Do I really need to explain this one? P/E's are worse that they were during the tech bubble. Enough said.
* CD's: 0% interest and they are guaranteed by a government that is fiscally bankrupt. Wow how tempting!
* Money markets: 0% interest and the same issue as CD's.
* High yield bond funds: Good luck with this idea. This was a nice ride in 2009 if you caught it but it's over now. Most of these funds hold mainly BBB rated debt. This is not where you want to be heading into a fiscal funding crisis. Getting an 8% dividend when your principle investment could drop by 50% as our debt spreads widen as a result of our debts is hardly the place you want to be.
So what's an investor to do? Tough call but one thing is for sure: Hard assets are a place you need to be with at least some of your portfolio because they hold real value.
The Bottom Line:
Let me start by saying that I am by no means a gold bug. However, I own gold and silver based on the thesis that there is a very good chance that many currencies will be worth practically nothing when this is all said and done.
I say this because the dollar and the euro are being backed by nothing other than "guarantees" by the US government and the ECB. Meanwhile both central banks continue to spend well beyond their means and have created seemingly insurmountable debts as they desperately attempt to prevent the credit bubble from bursting.
This being said, are there some currencies that will do well? Sure. However, the biggies like the yen, US dollar, and the euro are all in deep trouble.
To give you an idea of how insane the FX markets have become: The yen has been rising versus almost all currencies and Japan's debt to GDP ratios are worse than Greece!
I will continue to hold my metals based on the thesis that these currencies will continue to decline versus gold as the world's central banks continue to throw their money out of helicopters.
Keep in mind there is also another reason to hold metals: If the economy does get some legs then there will be an inflationary boost for Gold that should take prices even higher.
When you think about metals, keep one thing in mind: All of these banks have no choice but to print money because there will be a global deflationary depression that will lead to wars if they try and stop.
The political will to take the pain simply isn't there. Greece is a perfect example. There are more protests later this week. God only knows what will happen as these mobs grow increasingly angry. Trend author Gerald Celente said it best: "When people lose everything they lose it!"
These are tough times for an investor. Hold some hard assets in your portfolio and stay diversified.
The central bankers around the globe are printing like mad, and they can't afford to stop because the reprocussions are going to be devestating when they do. And there will be a time where they stop because this is unsustainable just like any other bubble is.
The moves in gold and silver will keep the bankers up at night. This is the one currency that they can't debase or manipulate (other than trading) ,and it scares the heck out of them because it makes all of the paper dollars that they hold in their banks less valuable.
http://seekingalpha.com/article/204610-gold-and-silver-soar-as-confidence-in-world-currencies-crumbles
La seule "monnaie"qui vaille, c'est l'or
Tel est le credo des investisseurs qui voient le métal atteindre des records dans toutes les devises. En quête d’une assurance qui pourrait les prémunir contre les risques, les capitaux, en provenance des quatre coins de monde, fondent littéralement sur le métal précieux.
Bruxelles (L'Echo) - L’or s’érige plus que jamais comme la valeur refuge par excellence. En quête d’une assurance qui pourrait les prémunir contre les risques d’éclatement de la bulle en formation sur le marché des emprunts d’État et de dévaluation des devises des pays les plus industrialisés, les capitaux, en provenance des quatre coins de monde, fondent littéralement sur le métal précieux.
Records dans toutes les langues
Le mouvement est à ce point virulent que le lien historique unissant les cours de l’once d’or et les monnaies des pays industrialisés a volé en éclat. D’ordinaire, le prix du métal jaune en dollar tend à s’apprécier lorsque la devise US perd pied (on parle de corrélation négative), tout comme il a tendance à se renchérir en euros, francs suisses, livres sterling, ou yens, lorsque ces devises en font autant (on évoque une corrélation positive).
Aujourd’hui, c’est tout le contraire que l’on observe. Alors que l’euro, le franc suisse, le sterling et le yen enregistrent un repli moyen de 6,5 % face au dollar depuis le début de l’année, l’or, qu’il soit libellé dans ces devises ou en dollar, enregistre une progression moyenne de 19,5 %.
Pour les investisseurs européens on peut même dire que le jeu en vaut particulièrement la chandelle puisque leur placement dans l’or physique leur assure un return de quasi 28 %.
La rupture de ce lien historique entre les cours de l’or et les cours des devises du G7 est d’autant plus significative que l’once d’or culmine à des niveaux records dans chacune des devises précitées (978 euros, 1.238 dollars, 832 sterling, ou 1.374 francs suisses).
"Remonétisation" de l’or
Signe de l’engouement très vif des investisseurs pour le métal jaune, les participations du plus gros fonds coté d’investissement dans l’or, le SPDR Gold Trust, ont atteint lundi 1.192,15 tonnes, un nouveau record, qui place ses réserves à un niveau comparable à celles de la Banque centrale suisse.
En clair, l’once d’or est en train de se "remonétiser", c’est-à-dire de retrouver son statut de "monnaie alternative".
Les investisseurs prennent conscience que l’or physique est l’un des rares actifs tangibles pour lequel il n’est pas question de faire tourner la planche à billet. Le dollar, l’euro et consorts ne sont que de vulgaires bouts de papier que l’on peut être tenté de démultiplier à l’infini, surtout lorsque, comme c’est le cas actuellement, les pouvoirs publics sont confrontés à des montagnes de dettes.
Bulle de la dette publique
Pour refinancer des déficits records, rembourser des montants, tout aussi records, d’emprunts arrivant à maturité, et financer des plans gigantesques de relance économique et de stabilisation bancaire, les États ne trouvent pas d’autres solutions que d’émettre toujours plus dettes.
En réaction à un déficit public moyen de plus de 6 % du PIB dans la zone euro et aux 515 milliards de USD de pertes et dépréciations actées par les banques européennes depuis le début de la crise des subprimes à l’été 2007, les États européens devraient, selon Bank of America Merrill Lynch, émettre près de 2.600 milliards d’euros de nouvelles dettes d’ici trois ans. Et ce en dépit d’un endettement qui dépasse déjà, dans bien des cas, 100 % du PIB.
L’escalade atteint aujourd’hui de telles proportions que l’on peut évoquer la formation d’une bulle sur le marché des emprunts étatiques. Une bulle qui, si elle venait à exploser, induirait une sévère dévaluation des monnaies du G7 et de tous les actifs libellés dans ces devises, avec, à la clef, une rechute de l’économie.
Dans cette perspective, l’or serait l’un des rares actifs tangibles à ne pas perdre de valeur.
Ce n’est d’ailleurs pas pour rien que le métal jaune surperforme pratiquement toutes les classes d’actifs. Ses gains 2010 (+28 % en euros) contrastent singulièrement avec les prestations des actions (+10 % pour le MSCI Monde, en euros) des obligations (+6,7 % pour les emprunts d’État mondiaux et +9,17 % pour les emprunts d’entreprises mondiales, toujours en euros) et des matières premières (+7,5 % pour l’indice de S & P et Goldman Sachs, en euros).
Pas de risque de défaut
Malgré le vaste mécanisme de soutien aux pays de la zone euro décidé ce week-end par l’Union européenne, "la crainte que la crise de la dette de la Grèce ne se propage à d’autres pays de la zone euro incite les investisseurs à mettre leur argent dans des placements plus sûrs (que l’euro), comme l’or", explique Eugen Weinberg, analyste chez Commerzbank. Contrairement aux actions ou aux obligations, qui dépendent d’un émetteur (une entreprise ou un État), le métal jaune ne présente aucun risque de défaut.
Rempart contre la BCE
Enfin, le métal précieux constitue un bon rempart contre les pressions inflationnistes qui pourraient naître des opérations de rachats de dettes publiques et privées, en ce compris les "obligations pourries" de la zone euro, opérées par la Banque centrale européenne, dont le bilan s’apprête à gonfler prodigieusement.
Bref, autant de facteurs qui incitent JPMorgan et Credit Suisse à tabler sur une once d’or comprise entre 1.250 et 1.350 USD d’ici la fin du troisième trimestre.
Luc Charlier
16:28 - 12/05/2010 Copyright © L'Echo.be
http://www.lecho.be/actualite/marche_-_placements_general/La_seule_-monnaie-qui_vaille-_c-est_l-or.8914550-3502.art
Gold flies to record, investors seek safety
http://finance.yahoo.com/news/Gold-flies-to-record-rb-3527403272.html?x=0&sec=topStories&pos=1&asset=&ccode=
Gold flies to record, investors seek safety
http://finance.yahoo.com/news/Gold-flies-to-record-rb-3527403272.html?x=0&sec=topStories&pos=1&asset=&ccode=
Gold Is Going Totally Wild, As Traders Place Big Bets Against "The House"
http://www.businessinsider.com/gold-is-going-totally-wild-as-traders-place-big-bets-against-the-house-2010-5
David Rosenberg: With Every Government Printing, $3000 Could Be Conservative For Gold
http://www.businessinsider.com/david-rosenberg-with-every-government-printing-3000-could-be-conservative-for-gold-2010-5
David Rosenberg: With Every Government Printing, $3000 Could Be Conservative For Gold
http://www.businessinsider.com/david-rosenberg-with-every-government-printing-3000-could-be-conservative-for-gold-2010-5
Obama to Sell 41% of Hawaii and All the Virgin Islands to Canada For $3.4B
Canada’s multi-year efforts to buy the Turks and Caicos Islands in the Caribbean as a sunny and warm winter vacation destination for it citizens during its long cold winters have been abandoned in favour of its agreement to purchase 41.3% of the Hawaiian Islands and 100% of the U.S. Virgin Islands from the cash-strapped United States.
Sympatico.ca, in a story* leaked earlier today, report that this is only the first of several other major real estate distress sales the U.S. intends to conclude this year as a groundbreaking new way of generating money to bounce back from the tough economic times it has seen in the last couple of years.
Terms of the deal were not fully disclosed, but those familiar with the negotiations put the final price at around $3.3B USD for the Hawaii Purchase and $0.1B USD for the Virgins Purchase. The Hawaii Purchase is rumoured to be renamed “Harper Islands” while the U.S. Virgin Islands will be renamed “The American Virgins”. It is rumoured that the United Kingdom, also in desperate financial shape, has also agreed to sell their entire 60 British Virgin Islands possessions (153,000 square miles) to Canada for $100,000,000CDN.
The Hawaiian Purchase will exclude the 8 main islands of the state, i.e. Hawaii, Maui, Kahoolawe, Lanai, Molokai, Oahu, Kauai and Niihau which consist of 58.7% of the total land mass leaving 4,512 square miles or 41.3% that are being sold at a price of $731,383/sq. mi.
The Virgins Purchase will include all 133.7 square miles of territory that was originally purchased from Denmark back in 1917. Its selling price works out to $747,943/sq. mi.
For those who are interested:
a) the Louisiana Purchase in April 1803 from France consisted of the purchase of 828,000 sq. mi. of the area from the Mississippi River to the Rocky Mountains and from the Gulf of Mexico to British North America (now western Canada). It comprised of approximately 23% of the country’s present land mass which include what are now 14 states in whole or in part (plus small portions of land that would eventually become part of the Canadian provinces of Alberta and Saskatchewan). The purchase price was $15,000,000US or $18.12/sq. mi.
b) the Alaska Purchase on March 30, 1867 (some say the purchase was back-dated from April 1, 1867 so it would not be thought of as a cruel joke on the American people) from Russia consisted of 586,412 square miles at a price of $7,200,000US or $12.28/sq. mi.
John Canuck, Canada’s chief Island Procurement Officer was excited to have two contracts signed, sealed and delivered. “This is a huge deal for us. Now that we have our own tropical locales we expect fewer Canadians will vacation in Florida or Arizona which should help with Canada’s balance of payments and further bolster the value of the Canadian dollar beyond parity with the USD.”
Canuck would not comment on future such purchases stating that such unbelievable good fortune would likely not be announced until this date next year (i.e. April 1st, 2011).
http://www.munknee.com/2010/04/obama-agrees-to-sell-half-of-hawaiian-islands-to-canada-for-cash/
Grèce: une aide inévitable, mais dangereuse
Les 110 milliards promis dimanche soir par les ministres des Finances de la zone euro étaient le prix à payer pour sauver la monnaie européenne, estime la presse suisse. Mais les risques qu’Athènes ne parvienne pas à rétablir la situation et que la crise fasse tache d’huile demeurent, selon elle.
Caricaturées sous toutes les formes depuis le début de la crise grecque, les statues antiques reprennent du service lundi matin dans le journal de boulevard Le Matin.
Sur son piédestal, un athlète se ceinture les hanches et, les yeux exorbités, souffle très péniblement. «La Grèce va devoir se serrer la ceinture», annonce le dessin.
Décliné ici sur le mode comique, ce message est répété sur un ton autrement plus grave dans les quelques journaux helvétiques - alémaniques surtout - qui commentent lundi le plan d'aide à la Grèce.
Tous commencent d’ailleurs par souligner que ce sauvetage se fait sous la pression. «A vrai dire, il n’existait tout simplement pas d’alternative», relèvent ainsi le Bund et le Tages Anzeiger dans un éditorial commun.
Car, poursuivent les deux journaux, cette aide d’urgence, les Grecs «ne la reçoivent assurément pas par sympathie.» Elle ne sert «qu’à assurer la stabilité de l’union monétaire et à empêcher que la crise contamine d’autres pays membres de la zone euro.»
La NZZ très critique
Ce scénario catastrophe, la Neue Zürcher Zeitung (NZZ) l’évoque aussi, rappelant que la Grèce n’est pas le seul Etat membre de la zone euro qui a «négligé de juguler l’influence de l’Etat, d’assainir le ménage étatique et d’augmenter les capacités concurrentielles de l’économie.»
Très critique quant à la décision des ministres des Finances de la zone euro, le journal zurichois juge que ce plan de sauvetage - le plus important jamais mis au point dans l'histoire récente pour un pays en difficulté financière – représente en fait «le prix de la peur» et qu’il est à maints égards problématique.
D’abord parce qu’il «enfreint toutes les règles que l'Union s'était fixées» et constitue une entorse au traité sur le fonctionnement de l’UE, lequel stipule qu'aucun État membre n'est responsable des engagements d'un autre.
La NZZ va même jusqu’à citer l’article 103 de ce traité, aux termes duquel «Un État membre ne répond pas des engagements des administrations centrales, des autorités régionales ou locales, […] d'un autre État membre, ni ne les prend à sa charge, sans préjudice des garanties financières mutuelles pour la réalisation en commun d'un projet spécifique.»
Mais aussi parce qu’il donne quittance à des pays comme le Portugal, qui pourraient être tentés de ne pas faire ce qu’il faut pour maîtriser leur endettement. Dans cette perspective, l’euro-groupe doit respecter les règles qu’il s’est imposées. Sinon, avertit le journal zurichois, «la réalité pourrait le contraindre à prendre des mesures encore plus graves et surtout contraires à ses principes de fonctionnement.»
Autres solutions possibles
Aux yeux du journal zurichois, d’autres solutions auraient pourtant été possibles. Un rééchelonnement de la dette ou une sortie de la Grèce de la zone euro par exemple, solutions pour lesquelles il existait «de sérieux arguments d’ordre politique et économique.» Même son de cloche dans Le Temps.
«Un rééchelonnement de la dette, assorti bien sûr de conditions exigeantes, aurait permis à la Grèce de s’engager dans la voie de la croissance et d’honorer ses engagements sur une base plus saine», estime le journal romand, qui est plutôt pessimiste quant à la capacité de la Grèce de s’en sortir.
«Avec ses ingrédients inchangés, la recette du FMI permettra sans doute à la Grèce de garder la tête hors de l’eau. Mais elle ne suffira pas à lui donner les moyens pour en sortir. La Grèce change de créanciers mais elle n’est pas libérée du cycle infernal de l’endettement. Elle risque même de s’y enfoncer davantage: en 2014, sa dette pourrait être de 144% du PIB, contre 133% en 2010», écrit son éditorialiste.
Une pensée pour la population
A ce tarif, les journaux ne cachent pas que la facture sera plus que salée pour la population grecque. «La mise sous tutelle de la plus petite économie de la zone euro – la Grèce ne pèse que 2,5% du produit intérieur brut des seize pays qui en font partie – signifie une pénible et longue cure d’austérité. Malgré quelques correctifs, celle-ci frappera sans pitié les couches les plus défavorisées», ajoute Le Temps.
Reste que «les 15 euro-partenaires sont en droit d’attendre une application conforme au calendrier des obligations liées à ce paquet d’aide d'urgence», estiment quant à eux le Bund et le Tages Anzeiger.
Et de formuler des avertissements destinés aux autres pays du Sud de l’Europe: «Ils ont aussi un devoir: entreprendre un programme de réformes crédible afin de briser le cercle infernal de l’endettement, de la faible croissance, de la bureaucratie et du manque de concurrence», conseillent-ils.
Quant à l’Union européenne, elle doit désormais affronter plusieurs tâches d’envergure après cette crise, met en garde la presse suisse. Pour les journaux alémaniques, il est ainsi nécessaire de renforcer les institutions de la zone euro, quitte à définir des critères qui risqueraient aussi de concerner l’Allemagne et la France.
Prisonnière d'une contradiction de fond, à savoir «concilier des politiques économiques nationales et une monnaie européenne unique», l'UE ne parvient à se mettre d'accord «que dans l'urgence», analyse La Regione. Or le journal tessinois voit un autre problème qu'elle devrait s'attacher à résoudre: «stopper une spéculation financière à qui jusqu’ici personne n’a pu ou voulu opposer de contre-mesures efficaces.»
0134930359
The Beginning of the End? Stocks Dive as Volatility Index Soars
http://finance.yahoo.com/tech-ticker/the-beginning-of-the-end-stocks-dive-as-volatility-index-soars-478369.html?tickers=^dji,^gspc,^ixic,XLK,XRT,qqqq
The Beginning of the End? Stocks Dive as Volatility Index Soars
http://finance.yahoo.com/tech-ticker/the-beginning-of-the-end-stocks-dive-as-volatility-index-soars-478369.html?tickers=^dji,^gspc,^ixic,XLK,XRT,qqqq
Why A Eurozone Break-Up Would Trigger The Mother Of All Financial Crises
http://www.businessinsider.com/eurozone-break-up-would-trigger-the-mother-of-all-financial-crises-2010-5
FUNDAMENTALS BODE WELL FOR GOLD PRICES
http://pragcap.com/fundamentals-bode-well-for-gold-prices
After Chinese Rate Hike, Faber Warns Of Severe Market Crash In 9-12 Months
http://www.businessinsider.com/after-chinese-rate-hike-faber-warns-of-severe-market-crash-in-9-12-months-2010-5
After Chinese Rate Hike, Faber Warns Of Severe Market Crash In 9-12 Months
http://www.businessinsider.com/after-chinese-rate-hike-faber-warns-of-severe-market-crash-in-9-12-months-2010-5
Big Fat Greek Bailout Just a "Band-Aid," Ortel Says: "Default May Make a Lot More Sense"
http://finance.yahoo.com/tech-ticker/big-fat-greek-bailout-just-a-%22band-aid%22-ortel-says-%22default-may-make-a-lot-more-sense%22-476008.html?tickers=EUO,VGK,UUP,UDN,GLD,TBT,XLF
I need your help on "Gold Century"
http://investorshub.advfn.com/boards/board.aspx?board_id=13230
Picassa is in Jail actually.
Belgian police have arrest him for illegal gold transaction
Fascism is coming here in EU.
Gerald Celente (Economy) Founder/Director Trends Research Institute
Topic: The History of the Future: Trends 2012 - The Great War
http://www.netcastdaily.com/broadcast/fsn2010-0501-3.mp3
Gerald Celente (Economy) Founder/Director Trends Research Institute
Topic: The History of the Future: Trends 2012 - The Great War
http://www.netcastdaily.com/broadcast/fsn2010-0501-3.mp3
Gerald Celente (Economy) Founder/Director Trends Research Institute
Topic: The History of the Future: Trends 2012 - The Great War
http://www.netcastdaily.com/broadcast/fsn2010-0501-3.mp3
Keep your eyes on AZK
Marc Faber - The Ultimate Crisis Will Destroy Everything
Eric King: Marc Faber always known for his frank talk summed up the situation as follows, “If you look at Greece like a corporation, basically its bust.” Bullish fundamentals for gold are all around, yet many are waiting for the next shoe to drop in the gold market. Pessimism coupled with bullish underpinnings potentially set the gold market up for a significant move higher.
When asked about the rescue package Faber remarked, “In my opinion it doesn’t go far enough, its postponing the problem. Its the same way in America the financial crisis has not been solved but the real crisis has been postponed because the deficits are going up. But in a democracy no problems are solved its just postponed until the ultimate crisis will destroy everything.”
Marc Faber has been warning about paper currencies for years. His understanding of Austrian Economics allows him to see the global train wreck that is the fiat system. As all paper currencies implode those with gold will be the only ones left standing.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Faber_-_The_Ultimate_Crisis_Will_Destroy_Everything.html
Marc Faber - The Ultimate Crisis Will Destroy Everything
Eric King: Marc Faber always known for his frank talk summed up the situation as follows, “If you look at Greece like a corporation, basically its bust.” Bullish fundamentals for gold are all around, yet many are waiting for the next shoe to drop in the gold market. Pessimism coupled with bullish underpinnings potentially set the gold market up for a significant move higher.
When asked about the rescue package Faber remarked, “In my opinion it doesn’t go far enough, its postponing the problem. Its the same way in America the financial crisis has not been solved but the real crisis has been postponed because the deficits are going up. But in a democracy no problems are solved its just postponed until the ultimate crisis will destroy everything.”
Marc Faber has been warning about paper currencies for years. His understanding of Austrian Economics allows him to see the global train wreck that is the fiat system. As all paper currencies implode those with gold will be the only ones left standing.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Faber_-_The_Ultimate_Crisis_Will_Destroy_Everything.html
Nouriel Roubini - Massive Global Defaults
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Nouriel_Roubini_-_Massive_Global_Defaults.html
Eric King: The comments from Nouriel Roubini at the Milken Global Conference are stunningly bullish for gold and silver, “If governments become effectively insolvent they default on their debts and that’s what may be happening soon in Greece and in the rest of the Eurozone and eventually what may happen soon in other advanced economies.”
To understand how extraordinarily bullish this is for investors in gold and silver take a look as Roubini goes on to elaborate on the shocking reality of the US debt situation, “Think about the US government where first of all our federal deficit and debt is going to go to 100% of GDP based on official statistics. Then we have another 20 to 30 trillion dollars of unfunded liabilities coming from social security and medicare...Then we have the disaster of state and local governments, their official stock of debts according to the Moody’s Bond Market is about 2.8 trillion dollars that’s another 20% of GDP. Then you have between 1 trillion to 3 trillion of unfunded liability of the state and local government pension funds, that’s another 15 to 20% of GDP. So while the official public debt already looks like a disaster because it is going from 50 to 100% of GDP, if you add all of these unfunded liabilities...that debt is even higher than that...Governments are very short-term and unless the markets then force them to adjust like they are right now in the Eurozone, the incentive is always to kick the can down the road and postpone the problem, socialize the private losses rather than addressing this fundamental problem. That’s why I’m worried.”
Nouriel may be worried and for good reason but his message could not be any better for those betting on higher gold prices. Rob Arnott who has won 5 Graham & Dodd Awards shocked King World News listeners by quantifying all unfunded liabilities and total US debt at 850% of GDP. Rob then went on to say that the US is in worse shape than Japan. These types of fundamentals are the underpinnings of phase II of this secular bull market in gold and they assure a manic phase at some point down the road.
Nouriel Roubini - Massive Global Defaults
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Nouriel_Roubini_-_Massive_Global_Defaults.html
Eric King: The comments from Nouriel Roubini at the Milken Global Conference are stunningly bullish for gold and silver, “If governments become effectively insolvent they default on their debts and that’s what may be happening soon in Greece and in the rest of the Eurozone and eventually what may happen soon in other advanced economies.”
To understand how extraordinarily bullish this is for investors in gold and silver take a look as Roubini goes on to elaborate on the shocking reality of the US debt situation, “Think about the US government where first of all our federal deficit and debt is going to go to 100% of GDP based on official statistics. Then we have another 20 to 30 trillion dollars of unfunded liabilities coming from social security and medicare...Then we have the disaster of state and local governments, their official stock of debts according to the Moody’s Bond Market is about 2.8 trillion dollars that’s another 20% of GDP. Then you have between 1 trillion to 3 trillion of unfunded liability of the state and local government pension funds, that’s another 15 to 20% of GDP. So while the official public debt already looks like a disaster because it is going from 50 to 100% of GDP, if you add all of these unfunded liabilities...that debt is even higher than that...Governments are very short-term and unless the markets then force them to adjust like they are right now in the Eurozone, the incentive is always to kick the can down the road and postpone the problem, socialize the private losses rather than addressing this fundamental problem. That’s why I’m worried.”
Nouriel may be worried and for good reason but his message could not be any better for those betting on higher gold prices. Rob Arnott who has won 5 Graham & Dodd Awards shocked King World News listeners by quantifying all unfunded liabilities and total US debt at 850% of GDP. Rob then went on to say that the US is in worse shape than Japan. These types of fundamentals are the underpinnings of phase II of this secular bull market in gold and they assure a manic phase at some point down the road.