Full story here from The International Forecaster.
“People should not underestimate the rational of those in high places because their agenda may be totally different then what they say it is. That includes the predicament of Dubai and Greece and a host of other nations that include the US and UK. The credit crisis, borne of [...]
Full story here from Jim Willie.
“Neither the US financial press nor the US bank leaders take the sovereign debt crisis seriously. Even the USCongress seems totally unaware of the growing global intolerance for government debt out of control. The issue is rollover of short-term debt, size of the overall debt burden, borrowing costs to sustain [...]
Full story here from Jim Willie at Golden Jackass.
“The subprime debt issue of 2007 blossomed into a global credit crisis. Likewise, the Dubai sovereign debt issue will blossom into a global sovereign debt crisis in similar pathogenesis. The start and end points are located in the United States and United Kingdom. With the global climax [...]
Full story here. This came out before the STHF in Dubai.
“The wide, smiling face of Sheikh Mohammed – the absolute ruler of Dubai – beams down on his creation. His image is displayed on every other building, sandwiched between the more familiar corporate rictuses of Ronald McDonald and Colonel Sanders. This man has sold Dubai [...]
An unfortunate fact coming to light is that the COMEX has probably only enough gold to cover 4.5% of the existing contracts outstanding. This is why physical delivery is taking some 7-12 WEEKS for gold, even for 1 lousy contract.
Remember back in May 2009 when Dubai (among others) asked for their gold from the London repositories (from [...]
Full story here from Market Oracle and Jim Willie.
“The gold market has become, despite little recognition by the financial press, the battlefield for global control of the financial world. To the winner go the spoils and access to the helm. To the winner goes control of global banking, dominance in commerce, and the advantage in [...]
Full story here. Never a dull moment on Planet Finance. Seems Joe Schmoe-behind-on-his-payments is in good company with Dubai.
“Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets [...]
Full story here from Golden Jackass. I never get tired of giggling at that moniker.
Don’t wait for anyone else to hand you prosperity. Get it yourself by using ShadowTraders.
“While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions. They [...]