Last Updated: Jan 27th, 2011 - 12:27:58 Newsletters : 2010 Newsletters : 5 November 2010 Thought for the Day When the American government adds up all its obligations into the future and works out the net present value of all its debts the answer is $200 trillion. There is no way that America can find all this money or even service the loans it implies. Obama has joined America up with the other major western nations and looks like going broke along with them. It is very hard to understand how a country can be deeply in debt and think that borrowing some more is the answer. The world's leading economists that have President Obama's ear seem to have gone past the point of understanding reality from La-la Land. Bernanke is aiming to produce another $1.1 trillion to tide them over the next few months. Then what? China, Russia and other countries in that region look likely to form a separate money group, perhaps based on gold, that ignores the US dollar as the reserve currency of the world. If this happens what will we do? As our Reserve Bank holds no gold we will be in a bit of a hole. The US dollars that we have stored away for emergency use are getting worth less and less with each wave of Ben's magic money wand. Nov 5, 2010, 17:08 Newsletters : 2010 Newsletters : 5 November 2010 How Western Powers May Have Blown It This is a real live war being played out before our very eyes. How interesting the internet is these days. [ Visit Website ] Nov 4, 2010, 14:12 Newsletters : 2010 Newsletters : 5 November 2010 Gold is Part of the New Economic Order I see that Bernanke is promising everybody some more money. Maybe another trillion. Some now some a bit later. When the US Secretary of the Treasury went to China and lectured the students on America's STRONG dollar policy they laughed at him - out loud according to my sources. The American dollar is the reserve currency for the world. We all take our lead from it and value everything in terms of the almighty dollar. Can you imagine China, with a civilisation that is 6000 years old, just watching as America destroys itself and the rest of the world with hyper-inflation of its paper currency? China and Russia and other newly developed(?) countries are buying up gold as fast as they can without scaring the markets. Why are they doing this? What should New Zealand be doing? [ Visit Website ] Nov 4, 2010, 13:17 Newsletters : 2010 Newsletters : 5 November 2010 Money Advice from Scrooge Here is delightful blast from the past. Hear Uncle Scrooge advise his nephews about saving first, investing in a profitable enterprise and reaping the rewards later. About the opposite of what the Western World has been practising the last few years! [ Visit Website ] Nov 4, 2010, 11:01 Newsletters : 2010 Newsletters : 5 November 2010 Is There Life After Sudden Death of the International Banking System? For 20 years the major Central Banks have been selling and leasing out their gold stocks. Now, as people start to understand the financial problems facing the world they are buying up more and more gold. The Central Banks have now suddenly changed their minds and have stopped selling and a number - China, Russia, India for example - are buying up as much as possible without spooking the markets. Many people have yet to realise that they have bought paper promises of gold which cannot be fulfilled. But many more are buying the real thing. There may well come a time in the not too distant future when the rush to get gold becomes so great that everyone who owns gold will want to keep it rather than sell. Dr. Fekete believes that this will spell the death knell for our current banking system. He has been correct with his other prognostications. [ Visit Website ] Oct 30, 2010, 12:10 Newsletters : 2010 Newsletters : 5 November 2010 Piercing The Mystery of The Gold Market If you want to know what's going on - here it is! [ Visit Website ] Oct 29, 2010, 18:17 Newsletters : 2010 Newsletters : 5 November 2010 Could U.S. Government Really be That Stupid About Gold? Gold is money and this is what makes it important. Just because Keynes made a disparaging remark about it is no reason to think that this has changed. We are about to see many people change their minds about gold being a barbaric relic. Oct 29, 2010, 10:05 Newsletters : 2010 Newsletters : 5 November 2010 Why the West is Losing The internet is winning - for the moment. [ Visit Website ] Oct 28, 2010, 11:31 Newsletters : 2010 Newsletters : 5 November 2010 Inflation in the Real World The REAL World carries on. Governments are in a different place. Incidentally look at the increase in gold and silver. Pity our super funds et al are not stored in super safe REAL Money instead of the bond and share markets of the world earning 2% or 5%. Even 10% looks small in comparison. I could also point out that gold and silver have been going up at this rate for 10 years now as paper money has depreciated. There is a lesson here for the money managers of the world. [ Visit Website ] Oct 28, 2010, 10:55 Newsletters : 2010 Newsletters : 5 November 2010 Statement at the CFTC Public Meeting on Anti-Manipulation and Disruptive Trading Practices So the Federal Reserve and the bullion banks in the States do not have complete control over government agencies. This will be an interesting tussle and the effect on the world money system will be electric. [ Visit Website ] Oct 28, 2010, 10:23 Newsletters : 2010 Newsletters : 5 November 2010 Quote for the Week The whole aim of practical politics is to keep the populace alarmed [and hence clamorous to be led to safety] by menacing it with an endless series of hobgoblins, all of them imaginary. H.L. Mencken Oct 20, 2010, 11:03