Marc Faber on Commodity Cycles and the Wealth Redistribution Craze

“We have a two-tier economy. We have an economy of well-to-do people from which I have benefited because I’m in the financial sector. My asset value has gone up, I benefit from rising asset prices because I own shares and I’m on the board of companies that own shares, fund management companies and so forth, but I’m not happy about the fact that the typical household and the working class worldwide is not doing well. And what will eventually happen and has begun to happen when you have rising wealth inequality, eventually you have politicians that will not assume personal responsibility for the rising wealth inequality that is largely fostered by monetary policies by central banks.”

http://www.thedailybell.com/exclusive-interviews/35527/Anthony-Wile-Marc-Faber-on-Commodity-Cycles-Monopoly-Central-Banking-and-the-Wealth-Redistribution-Craze/

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To Sell A War [1992]

“Aired in December 1992 as part of CBC programme the fifth estate. The programme was directed by Martyn Gregory and produced by Neil Docherty.  It exposes the Citizens for a Free Kuwait campaign as public relations spin to gain public opinion support for the Gulf War. As well, it reveals that Nurse Nayirah was in fact Nijirah al-Sabah, the daughter of Kuwait’s ambassador to the United States Saud Nasir Al-Sabah, coached by Hill & Knowlton to forge her infamous testimony about Iraqi soldiers removing babies from incubators, which was widely reported and repeated throughout the media.”

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The State’s Worst Atrocity

LewRockwell20111

“Nothing in the world is easier than opposing a war that ended long ago. It takes no real courage to be against the Vietnam War in 2014. What takes courage is opposing a war while it is being fought – when the propaganda and intimidation of the public are at their height – or even before it breaks out in the first place. With the memory of the moral and material catastrophe of World War I before us 100 years later, let us pledge never again to be fooled and exploited by the State and its violent pastimes.”

http://www.thedailybell.com/editorials/35529/Llewellyn-H-Rockwell-Jr-The-States-Worst-Atrocity/

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Thailand’s ruling junta approves China rail links worth $23bn

Thailand‘s ruling junta has approved a $23 billion (£13.6bn) transport project that will see two high-speed railways link up directly with China by 2021, in a move seen as a further consolidation of Chinese power in the region.  The National Council for Peace and Order (NCPO), headed by Gen Prayuth Chan-ocha – who took control of Thailand in a bloodless military coup in May – unveiled plans this week connecting the northern border town of Nong Khai with Map Ta Phut, located south-east of Bangkok. Chaing Khong, just south of the Laos capital Vientiane, will also be connected to Ban Phachi, in the central Ayutthaya regions.”

http://www.theguardian.com/world/2014/aug/01/thailand-junta-approve-china-rail-link-23bn

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Holiday in Thailand could end for expats

“Recent forced deportations of undocumented migrant workers from neighbouring Myanmar, Cambodia, and Laos, as well as a campaign against grey industries including unlicensed taxis and street vendors, suggests the military government means business, said Rex Baay, an immigration consultant at Siam Legal International.  Thailand’s travel industry represents 20 percent of the country’s total economic output. Thailand’s medical tourism industry accounts for about 40 percent of the global market. Anything that restricts the free movement of foreigners into and out of the country is likely to impact Thailand’s economy.”

http://www.aljazeera.com/indepth/features/2014/08/holiday-thailand-could-end-expats-20148110534020783.html

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Bill Bonner: Never Never Land

“Bill Bonner’s presentation from The Sprott Vancouver Natural Resource Symposium 2014 held July 22nd to 25th, 2014.”

http://www.bonnerandpartners.com/never-never-land/

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Karl Albrecht, Billionaire Co-Founder of Aldi, Dies at 94

“Albrecht was the second-richest person in Germany and the 35th-wealthiest in the world, with an estimated fortune of $20.9 billion. With his brother, Theo, he built a business that ranked as the world’s 11th-biggest retailer in 2013.  The retailer’s name derives from a combination of Albrecht and the German word Diskont, or discount. His father was a miner and baker, and his mother ran a grocery store.  The Albrecht brothers took over their mother’s store in Essen in 1946 and within seven years they developed it into a 30-outlet network of discount supermarkets that served the region.  Theo Albrecht, who also owned Trader Joe’s stores in the U.S., died in July 2010.”

http://www.bloomberg.com/news/2014-07-21/karl-albrecht-billionaire-co-founder-of-aldi-stores-dies-at-94.html

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Jim Rogers: I am still in wait-and-watch mode on India

“The one thing that would make me probably invest in India is if the currency is made convertible and makes it legal and easy for foreigners to invest there. Right now, it is very difficult to invest in India because the currency is not convertible and because it is illegal for foreigners easily to invest there. This is absurd. If India claims where it wants to be – that it is a great economic power, which it could be some day – issues related to currency convertibility, high inflation, debt, ease of investing have to be addressed. You also need to cut bureaucracy. India has the worst bureaucracy in the world and I haven’t seen anything quite like it. If these things change, India could be a very exciting place for me.”

http://www.business-standard.com/article/markets/q-a-jim-rogers-chairman-of-rogers-holdings-and-author-of-street-smarts-114073000476_1.html

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Jim Rogers: Russian/Chinese/Brazil currency can battle dollar dominance

“The presidents of Russia and Brazil have met ahead of the BRICS Summit. Vladimir Putin and Dewma WHO-sseff were present as some of the two countries’ largest corporations signed agreements to deepen the economic ties between the two.  Corporate investor Jim Rogers tells RT that the BRICS members are capable of challenging the United States’ financial dominance.”

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EU Expands Russia Sanctions, Includes Aeroflot’s Low-Cost Subsidiary

“The new addition, published in the EU Official Journal, includes Russian National Commercial Bank, Dobrolet airline and Almaz-Antey, a Russian manufacturer of air defense weaponry.  The EU says Russian National Commercial Bank (RNCB) became fully owned by the Crimean Republic after its reunification with Russia in March. ‘It has become the dominant player in the market, while it had no presence in Crimea before.’  The sanctions also target Dobrolet, a Russian low-cost airline based at Sheremetyevo International Airport and a subsidiary of state-owned Aeroflot airline. In June, Dobrolet launched its first commercial flights from Moscow to Simferopol.”

http://en.ria.ru/politics/20140730/191496166/EU-Names-Eight-Individuals-Three-Entities-on-Russian-Black-List.html

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