Monthly Archives: July 2012

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of July 30, 2012)

For audio podcast, click here: Squawk Box_07.30.12 To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of July 30th, 2012)  Broader Market: Very big week ahead for traders, following last week’s rally on […]

BBC: How ‘morally wrong’ is it to pay cash-in-hand?

How ‘morally wrong’ is it to pay cash-in-hand? By Jon KellyBBC News Magazine Paying tradesmen cash in hand to avoid tax is “morally wrong”, a Treasury minister has said. Just how ethically dubious is the practice, if at all? Here’s how it goes. The kitchen needs replacing, or the boiler has expired. But money is […]

“Believe me, the system will be fine…provided nobody panics.”

“I was just thinking about the illusion of safety.” “Money, capital, has a life of its own. It’s a force of the nature like gravity, like the oceans, it flows where it wants to flow. This whole thing with the Arabs and gold is inevitable, we’re just going with the tide. The only question is […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of July 23rd, 2012)

For audio podcast, click here:  Squawk Box_07.23.12 To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of July 23rd, 2012) Broader Market: Monday (7/16) – Stocks moved slightly lower, as investors were […]

Welcome to 1984: The Moral Case for Drones (NY Times)

The Moral Case for Drones By SCOTT SHANE Washington FOR streamlined, unmanned aircraft, drones carry a lot of baggage these days, along with their Hellfire missiles. Some people find the very notion of killer robots deeply disturbing. Their lethal operations inside sovereign countries that are not at war with the United States raise contentious legal questions. […]

Fortune July 2012: The Death of Cash and Aaron Russo on What It Means

In this revealing video, the patriarch of the Peace Movement in America, Aaron Russo, details what a cashless society will look like according to Nick Rockefeller and the Rockefeller banking family. R.I.P. Aaron Russo (February 14, 1943–August 24, 2007) An American entertainment businessman, film producer and director, and political activist.

Low Interest Rates Are Driving Investors Insane

Investing has sunk to this: People are willing to pay a big premium for the privilege of getting their own money back, after fat fees, without interest—apparently because it gives them the illusion of earning a high yield. High Rates? Are You Delirious? Have today’s insanely low interest rates driven investors insane? Three closed-end funds […]

Climate Change Debate

The “standard” or generally accepted view on climate change has come to be defined by various reports from the Intergovernmental Panel on Climate Change or the “IPCC.” From Wikipedia – “The IPCC is a scientific intergovernmental body, set up at the request of member governments. It was first established in 1988 by two United Nations […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of July 16th, 2012)

For audio podcast, click here:  Squawk Box_07.16.12 To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of July 16th, 2012) Broader Market Re-Cap:  The broader markets ended the previous trading week mixed […]

No Mortgage and You Think You Own Your Home? Think Again.

The number of foreclosures tied to delinquent tax payments is climbing.  Rising tax-lien problems stem from two overlapping trends associated with the weak economy: To close budget deficits, some local governments are increasing property taxes to raise additional revenue. But a growing number of homeowners, many unemployed or living on fixed incomes, are finding those […]

Jim Grant: The Fed is Not Out of Bullets, It’s Gun Shoots Backwards!

Thanks to the Silverdoctors:  http://www.silverdoctors.com/jim-grant-the-fed-is-not-out-of-bullets-its-gun-shoots-backwards/ “Jim Grant has given another memorable interview to CNBC tonight, discussing the banks’ manipulation of LIBOR, and stating that outrage at the banks for manipulating interest rates should be redirected at central banks, who manipulate everything on a massive scale routinely for a living!” Regarding The Fed’s options going forward […]

Say Hello to Inflation: Cab fares just got 17% more expensive.

AM New York: Taxi fare hike: Cabbies get 17% increase for first raise in 6 years Hailing a cab is about to get pricier — and the fare could go up again as soon as next year. Cabbies got a huge victory Thursday as the Taxi and Limousine Commission gave them a 17% raise, while […]

Pento: “All we’re waiting for is another round of counterfeiting…”

Michael Pento Reality Check:  “All we’re waiting for is another round of counterfeiting from a central bank to bail out our assets, as we watch the middle classes and the lower classes get flushed down the toilet.” Audio Podcast: seven eleven What will this “counterfeiting” look like? Pento suggests we look at Europe for a clue […]

Revealed: Why Gordon Brown sold Britain’s gold at a knock-down price

Gordon Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large American Bank UK Telegraph Revealed: why Gordon Brown sold Britain’s gold at a knock-down price By Thomas Pascoe 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 […]

Capital Account: For Investors and Customers, PFG is MF Global all Over Again..

Führer Bloomberg Urges Apartment Builders to Think Smaller!

Rather than comment on the economics of this proposal from Bloomberg, I’d rather focus on the trend and the implications. First of all, this “suggestion” from Bloomberg comes on the heels of his other proposals to guide our lives with soda, popcorn bans, etc. Bloomberg and other so-called leaders think they know what’s best for […]

Another MF Global? Peregrine Freezes Client Accounts

Futures Broker Freezes Accounts By GEOFFREY ROGOW, JACOB BUNGE and TATYANA SHUMSKY The U.S. futures industry faced another potential setback Monday after a midsize broker froze client accounts, disclosed that its founder had been hospitalized following a suicide attempt and faced closure after being accused of misstating financial records. Late Monday, the National Futures Association, the futures industry’s self-regulatory […]

Gold May Have Been Manipulated Like Libor

“It is effectively an intervention in two ways; one would be the fact that for central banks gold and silver going up doesn’t make their currency look any good and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from,” Ned Naylor-Leyland, […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of July 9th, 2012)

For audio podcast, click here: Squawk Box_07.09.12  (sorry, first minute is cut off) To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of July 9th, 2012) Broader Market: After a few volatile weeks […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of July 2nd, 2012)

For audio podcast, click here:  Squawk Box_07.02.12 To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of July 2nd, 2012) Broader Market: In a volatile & historic trading week, a few key […]

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Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus