Jim is pleased to welcome back Dr. Marc Faber for a wide-ranging discussion. Dr. Faber covers inflation, China, gold, war and resource scarcity, democracy and education, market volatility and the importance of diversification.
How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison
Ann Barnhardt: The Entire Futures/Options Market Has Been Destroyed by the MF Global Collapse
Barnhardt closes her commodity brokerage firm in the wake of MF Global
Jim is joined by Ann Barnhardt, who recently closed her commodity brokerage firm Barnhardt Capital Management after the MF Global collapse. She believes that her client monies were no longer safe in the futures and options markets, and that the entire system has been ‘utterly destroyed’ by the MF Global collapse
A LEADING American investment analyst has criticised Australia for allowing China to buy large swathes of its natural resources in what he calls “resource imperialism”.
James Dines says Australia is in danger of squandering its “irreplaceable inheritance … traded for easily printed paper”.
Mr Dines, the keynote speaker this week at a Victorian resources seminar, also told brokers and investors that the end of capitalism as we knew it had arrived and that we were in the second great economic depression.
In an entertaining, if alarming, speech he described natural resources, including farmland, as a source of real wealth that should be kept for “your descendants”.
By pursuing resource imperialism, China was building stockpiles of commodities well above its immediate needs, such as rare earths – it already produces 97 per cent of the world total – and copper.
Instead of seizing the means of production, as Karl Marx advocated, the Chinese Communist Party was legally buying it in a development Mr Dines believes marks the end of capitalism as we know it.
“They are not buying a copper mine to re-sell at a higher price. They are buying it to use all that copper for China,” he said.
“China are storing (commodities) as a form of hard money for next century and beyond.”
Mr Dines, the editor of the Dines Letter and author of numerous books, said he was not being anti-China.
“What they’re doing is legal and far-sighted thinking.”
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Video response from Max Keiser
Original Video BBC speechless as trader tells the truth
Trader tells it like it is…
Pay attention and be prepared!
The Great Crash Ahead: Strategies for a World Turned Upside Down
Mortgage Stress Hits The Roof
Ben Butler
September 29, 2011
MORE Australians are falling behind on their home loans despite the mining boom, according to a report released yesterday by ratings agency Moody’s.
The 6182 postcode, taking in Rockingham, 30 kilometres south of Perth, has the highest delinquency rate, with 5.31 per cent of mortgages more than 30 days overdue – more than three times the national average of 1.67 per cent.
New South Wales retained its title as worst-performing state, with six of its 21 regions, concentrated around Sydney, turning in very poor performances.
Moody’s senior analyst Arthur Karabatsos said the two biggest declines in mortgage performance were in mining boom states Western Australia and Queensland.
”What I’m saying is: if you’re in mining, you’re sweet. If you’re not, you’re screwed.
”There is definitely a two-speed economy going on and this just bears it out.”
He said national delinquencies were now at a 10-year high.
Moody’s said mining accounts for 2.4 per cent of employment in Queensland and 7.1 per cent in WA.
The tourism-dependent Gold Coast region had Australia’s third-worst mortgage performance, with 3.11 per cent delinquencies, and also contributed the most delinquent loans by number in Australia – about 6.9 per cent of the total.
Silver is in the “Run” Phase
by Nu Yu
The silver index is in the “Run” phase of a “Bump-and-Run Reversal Top” pattern. Last week it finally started a downhill run and quickly broke through supports of both the lead-in trend line” at 39.5 and the first target line at 33. The next price target is around 26 to look for support at the second target line, as shown in the chart below.
Related Post
Why Silver Could Drop Below $30
Big news today.
Do you ever wonder how some people seem to stumble onto success
after success while others (and possibly even you) work hard, pay
their dues and do everything imaginable to get ahead in life but
just seem to keep getting get stuck?
Has it ever crossed your mind that perhaps there’s a factor that
separates successful people from failures regardless of how much
knowledge, education, expertise or persistence one might have?
Well according to bestselling author and star of the hit movie
“The Secret” Dr. Joe Vitale your suspicions are true.
Watch Joe Reveal The Truth Here
There is something that separates those who achieve success
almost effortlessly from those who spend their entire lives
struggling to get ahead.
It’s also the same factor that enables some people to have their
pick of the litter when it comes to relationship partners while
others remain single and lonely for most – if not all – of their
lives.
And in this freee video, Joe’s not only revealing it; he’s
telling you exactly how to utilize its power. He’s also giving
you a freee gift!
If you’re someone whose been trying to get ahead in life but just
can’t seem to crack the success code or if you believe that you
have taken every correct step but still seem to experience
lackluster results in your career, finances and relationships
then this is something you NEED to see.
New York Times Best Selling author of “The Great Depression Ahead:How to Prosper in the Crash that Follows the Greatest Boom in History”, Economist specializing in demographics, Harry Dent predicts deflation coming with prices of real estate continuing to fall but he is bullish on the US dollar and not so much on Gold , Harry Dent is a fan of the Australian economist Steve Keen who has been warning about a Deflation for years . Dent says we are in for a major crash just ahead, and a decade-long economic slump based on population demographics. The peak of the baby boomers’ spending was from 1983 to 2007, and that’s why we are seeing a cyclical drop off in the economy, he explained.
Harry’s New Book Available Soon
The Great Crash Ahead: Strategies for a World Turned Upside Down
