Libor Manipulation Scandal, Defaults, Nationalization and Monetary Policies : the Consequences for the Precious Metals Markets
Published Jul 10, 2012 on GoldBroker
The Libor (London Interbank Offered Rate) manipulation (Libor is used to determine most interest rates: mortgages, credit cards, swaps, derivatives, etc) has reached cataclysmic proportions. The Wall Street Journal writes about a fraud of over 800 billions of dollars… and Matt Taibbi, a well-known American investigative journalist, says that this is the biggest financial scandal of the 21st century.
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How Your Bank Account Could Disappear
Published Jul 11, 2012 on Bullionbullscanada
On the same morning we hear that part of "doing business" in the financial sector, we hear of a ¼ of Wall Street executives think that fraud is a second "MF Global".
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Revealed: why Gordon Brown sold Britain's gold at a knock-down price
Published Jul 5, 2012 on Telegraph
A great deal of Gordon Brown's economic strategy would strike a sane man as troubling. Not a great deal was mysterious. The orgy of consumption spending, frequent extensions of the cycle over which he would "borrow to invest", proclamations of the "end of boom and bust": these are part of the armoury of modern politicians, [...]
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Steve Forbes: How To Bring Back America
Published Jul 6, 2012 on Seekingalpha
The Hera Research Newsletter is pleased to present an incredibly powerful interview with Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. The company's flagship publication, , is the leading business magazine. Combined with international and licensee editions, FORBES reaches more than 6 million readers worldwide.
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Greyerz: We’re Dealing With Government Lies & Misinformation
Published Jul 5, 2012 on KingWorldNews
Egon von Greyerz pointed out that investors today are facing an Orwellian type of propaganda as they are being bombard with massive misinformation from the mainstream media.
Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said investors, “...have to contend with governments which are attempting to coverup the truth.”
Here is what Greyerz had to say about the ongoing financial crisis and where we are headed: “We have a mission, and that mission is to help investors to stay safe through this minefield of impending economic and financial disaster. I think that sometimes investors get nervous because there is so much misinformation coming from the mainstream media.”
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