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As far as interventionism in The US economy by The FED one has to look at their total inability to control Wall Street when the pendulum was turning up and now to suppose these same people who are still in charge will be able to control the pendulum on it’s way down is absurd to say the most. Incompetence is the gift that keeps on giving.
That’s great Shawn,
“Incompetence is the gift that keeps on giving”!
Big Al and Everyone,
You all should find this article about China’s economy, by Steven Saville, extremely interesting. Should give us all a lot of food for thought.
Al, how about getting Steven on your show. He lives in China, as do I, and he’s a pretty insightful guy. Real smart!
Great thoughts, though as an European I would like to straighten out some of the fundamental ideas about the EU, the â‚¬ and itsv finacial and political malaise and impasse! I’m not defending the premature establishment of the â‚¬, as I’ve felt the same way and had numerous dicussions with our former CB Gov., Klaus Liebscher, to at least back it with more gold. Well, here we are not knowing if the â‚¬ will survive, even if I “fear” it will! – As the US Dollar is losing out on its reserve currency status vs the East, they will need Europe to pull on their string and that’s what we see.
What we don’t seem to see is the heavy hand of US Banksters, propped up by their government to flood the world with their mortgage, derivative and CD’S, CDO, TARP, QE et al junk schemes, followed by even more laissez faire approaches in terms of breaching long standing rules and regulations, jurisdiction for the powerful only and herewith ringing in an era of total disciplinary desaster, ethics on lowest ebb ever and lastly sort of a fascist power grab between merging industry and Government.
One of my buddies, Jim Willie had a great interview today on this topic and feels that even some of the State held Banks have become to big to bail; Maybe JPM, DB among others, still heavily defended, willbreak the camel’s back.
Got gold and some silver for daily expenses? frr
Yes, I most certainly do!
Interesting commentary, Mike.
I would be happy to have Steve on our program. Can you put me in touch with him?
Regarding Steven Saville, you can contact him at the following email address:
probably will receive 1/2 to 1/3 of what Turd Ferguson has for hit count
Kyle Phew has been a Hat Trick Letter subscriber since 2007
he has a show out of San Diego CA but with listening audience mostly in Eastern US and Western Europe
he asked and I said yes, just 30 minutes in two segments
much of the material is very similar to the recent Ferguson interview
Kyle’s Gold Channel
Here’s Jim Willie’s interview:
I have worked for a Chinese company and came to realize that they live in a concocted make believe world. Since the communist socialist style of governemnt does not allow for much reality. They seek to control and therefore do not value the western reality. I should say the western reality we all followed and believed in at one time.
Really glad you clarified your comment about the western reality we all followed and believed in at one time, Larry!