Monthly Archives: August 2012

Jim Rogers: It is easier to Get Rich in Asia than it is in America now

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“I have moved, I have sold my house in New York. I have moved to Asia and my girls speak Mandarin, speak perfect Mandarin … I’m preparing them for the 21st century by knowing Asia and by speaking perfect Mandarin…  It’s easier to get rich in Asia than it is in America now. The wind is in your face. (The U.S.) is the largest debtor nation in the history of the world… The largest creditor nations in the world are China, Japan, Korea, Taiwan, Hong Kong, Singapore. The assets are in Asia. You know who the debtors are and where they are. Look at Greece. Look at Spain. I mean, I don’t like saying this. You know, I’m an American, too. But facts are facts.”

http://jimrogers1.blogspot.com/2012/08/jim-rogers-get-rich-in-asia-than-it-is.html

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How Many Times Can the Fed Play this Hand?

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“The key question for me is: How many times can the Fed decide to do the same thing and expect a different outcome?  Fool me once, shame on you. Fool me twice, shame on me. Fool me a third time … shame on gullible hedge fund managers!  But maybe, just maybe, this time a majority of investors will understand increased monetary stimulus isn’t helping the real economy. And that will affect how they move money.    That’s because what is going on right now is not stimulus by any means. It is plain and simple: Financial Repression.”

http://www.moneyandmarkets.com/how-many-times-can-the-fed-play-this-hand-50351

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World Watches as Danes Venture Below Zero

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“Of all the many striking policy measures taken since the financial crisis, one of the most extraordinary has gone almost unremarked—the introduction of negative official interest rates by Denmark.  In an attempt to maintain its strict currency peg to the euro, the Danish central bank lowered its main deposit rate for banks—the certificate of deposit or CD rate—to -0.2 percent last month. Policy makers in the UK and elsewhere in Europe have expressed interest in the idea as a potential way of forcing banks that are currently hoarding cash to start lending again.”

http://www.cnbc.com/id/48774967

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China Confronts Mounting Piles of Unsold Goods

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“The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.   The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.”

http://www.nytimes.com/2012/08/24/business/global/chinas-economy-besieged-by-buildup-of-unsold-goods.html?_r=1&nl=todaysheadlines&emc=edit_th_20120824&pagewanted=all

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Marc Faber’s forecasts for the global economy

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“Marc Faber discusses what opportunities are likely to emerge for institutional investors if sovereign debt continues. He assesses the possible impact of social and political unrest in North Africa and the Middle East, and how hedge funds can invest in emerging markets.”

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Doug Casey Predicts Day of Economic Reckoning Is Near

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“It’s extremely late in the day. Since World War II, and especially since 1971 when the link between the dollar and gold was broken, governments around the world have accepted the Keynesian theory of economics, which boils down to a belief that printing money can stimulate the economy and create prosperity. The result has been to create huge amounts of individual and government debt. It’s become insupportable. All it has done is purchase a few extra years of artificial prosperity, and we’re heading deeper into a very real depression as a result.”

http://www.theaureport.com/pub/na/14199

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Libertarian billionaire warns of ‘financial Armageddon’ after U.S. election

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“Jim Rogers has recently been suggesting individuals to put their money in real assets and not the U.S. dollar. He suggests the purchase of farmland and the running of a farm as that will be where the real money will be. He also has said he sees a rise of interest rates as the market will eventually force the Federal Reserve to raise rates. Real assets are things like farmland, sugar, wheat, gold, silver, oil, gasoline, zinc, amongst other items.”

http://www.examiner.com/article/libertarian-billionaire-warns-of-financial-armageddon-after-u-s-election

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Lance Armstrong and Kim Dotcom … Guilty Until Proven Innocent?

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“Their rules, their taxpayer-funded pocketbook, their system, their judgment as to whether the accusations warrant further investigation. The two cases are dissimilar but in many ways are much the same. The authorities make up their minds and impose harsh economic and legal conditions that basically punish the individual even before trial.  In my humble estimation, none of this is by accident. The powers-that-be are desperate. The West’s judicial system is to be seen as defunct. It’s simply another form of intimidation.”

http://www.thedailybell.com/4215/Anthony-Wile-Lance-Armstrong-and-Kim-Dotcom-Guilty-Until-Proven-Innocent

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Julian Assange arrest plan revealed accidentally

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“Plans to seize Julian Assange ‘under all circumstances’ the moment he leaves the Ecuadorean embassy in London have accidentally been revealed by a police officer displaying restricted documents outside the embassy.  The document, pictured under the officer’s arm by a Press Association photographer, appears to advocate arresting the WikiLeaks founder whether he leaves the building in a diplomatic bag or in a diplomatic car.  The British government has threatened, under a 1987 Act, to enter the embassy and arrest the 41-year-old, but foreign secretary William Hague has said there is no intention to ‘storm’ the building.”

http://www.guardian.co.uk/media/2012/aug/24/julian-assange-ecuador-embassy-police-arrest-plan

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NYPD: Empire State Victims Hit by Police Gunfire

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“All nine people wounded during a dramatic confrontation between police and a gunman outside the Empire State Building were struck by bullets fired by the two officers, police said Saturday, citing ballistics evidence.  Officer Craig Matthews shot seven times. Officer Robert Sinishtaj fired nine times, police said. Neither had ever fired their weapons before on a patrol.  The volley of gunfire felled Johnson in just a few seconds and left nine other people bleeding on the sidewalk.”

http://abcnews.go.com/US/wireStory/nypd-shooting-victims-hit-police-gunfire-17079440

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