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Slowly but surely, game over along time ago - some just can't see through the fog thrown in front of them.



Hi Mungo, eventually----- Armegeddon to strike with exemplary swiftness?




.Boston University Economics Professor Laurence Kotlikoff is worried about America's dire financial situation. Dr. Kotlikoff says, "The situation is getting worse and worse and worse. We are running a massive six decade Ponzi scheme, and it's coming to a real threatening point." Dr.Kotlikoff calculates the real government deficit is enormous and it's growing exponentially. "It's $222 trillion. Last year it was $211 trillion. We grew the deficit by $11 trillion in one year," charges Dr. Kotlikoff. He also says, "We are actually in worse shape than any developed country. . . We are using accounting that would make Bernie Madoff blush." Kotlikoff thinks the Federal Reserve could easily lose complete control of inflation and warns, "Ben Bernanke is playing with fire here because we could have a tripling of the price level." Join Greg Hunter as he goes One-on-One with Economist Laurence Kotlikoff.

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Clip from a Japanese newspaper, perhaps this is the reason spot gold popped overnight:



""The BOJ has been periodically printing money since 2003, but to no avail. The Japanese economy has remained sluggish. Japan's domestic prices have yet to reach the level of 1985. The BOJ will now be taking even bolder action by monetising the government's debt and doing everything to raise the inflation target to 2 per cent. Now, inflation is hovering around 1 per cent.


The yen, which is trading at around 87-88 to the US dollar, is set to weaken further under Japan's version of quantitative easing (QE), with 100 yen to the dollar as a probable near-term target. Japan's QE amounts to a declaration of a currency war, for its QE will ignite a carry trade, allowing banks and global funds to borrow cheap yen to speculate in the financial markets and drive up commodity prices.


The BOJ is closely following on the heels of the US Federal Reserve in launching this global currency war. The US Fed has set its sights on similar targets - boosting inflation to 2.5 per cent and bringingunemployment down to 6.5 per cent. The US Fed's zero interest rate will be kept until at least 2015, if not forever.""

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Germany to bring home Cold War gold


Now, the political security situation has changed because the East-West conflict is over. Considerations to store the gold as far west and as far from the Iron Curtain as possible had to be reconsidered,"Bundesbank board member Carl-Ludwig Thiele told reporters on Wednesday.


Read more: http://www.smh.com.au/business/world-busin...l#ixzz2II5FnCsi



how many years past since west and east germany united?? :unsure:

the timing is tricky!!



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how many years past since west and east germany united?? http://www.sharescene.com/style_emoticons/default/unsure.gif


The Berlin Wall came down in 1989.

But Germans are a cautious lot: They did work hard towards integration, but wanted to see success before relaxing their guard.


I had a good mate on the other side of the Iron Curtain; when we visited him in 1990, I tried to pour some water on the general euphoria, saying "You guys have been growing apart over 40 years; it'll probably take you another 40 years to grow together again."

Six years later, on our next visit, the "new" States in the East were struggling to come to grips with Western work attitudes, taking responsibility for one's daily life and expenses, and resulting high unemployment. He admitted, "Now I know what you meant by '40 years to grow back together'." And it's still a work in progress.


However, halfway down the track, Europe is following suit - regardless what naysayers think of troubles in Euro-Land. There may still be some nervousness when one is looking from West to East, but even the Americans seem to arrive at the conclusion that they may get by without a "shield" of interceptor rockets around Russia's borders. (They probably wouldn't be able to afford them anymore either.)


In light of all the above, I reckon it's rather appropriate timing for the Bundesbank to say "Let's look after our assets ourselves." There is still a good reason to keep some of their gold in countries with a different currency and fiscal policy; that's prudent insurance. But especially the French share is no longer of any practical use - hence their reconsidering repatriating those 13% for starters.


I'd suspect, even though the Brits refused to join the Euro Zone, thus remain a handy backstop as a currency hedge, if they keep charging exorbitant storage fees, they'll be next.

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Standard Bank Says Physical Gold Purchases Unusually High


Physical gold demand has been unusually strong for this time of year, with "good buying" from Southeast Asia, according to Standard Bank Plc. The Standard Bank Gold Physical Flow Index signaled demand climbed to the highest since November, the bank wrote in an e-mailed report yesterday. Purchases typically pick up toward the end of the year amid religious festivals and the wedding season in India. Gold reached a four-week high of $1,696.28 an ounce in London on Jan. 17. India, the biggest buyer in 2011, raised taxes on gold imports two days ago to reduce a record current-account deficit and to moderate demand. Standard Chartered Plc said earlier this month that its gold shipments to India soared on mounting concern the duty would be raised. While gold has gained for the past 12 years, the best run in at least nine decades, prices dropped as much as 9.5 percent from October through Jan. 4. "It was strong in November and that's normally a usual seasonal pattern that we see coming through from Indian post-monsoon, wedding season buying," Marc Ground, a commodity strategist at Standard Bank in Johannesburg, said by phone yesterday. "The fact that January is as high as we see in November usually, that's unusual. There was probably some Indian buying ahead of this tariff increase."



Bullion for immediate delivery rose 0.7 percent this year to $1,687.57, after advancing 7.1 percent last year. It rebounded above the 200-day moving average, currently at about $1,663, earlier this month. Investors own 2,618.8 metric tons through exchange-traded products, a hoard valued at about $142 billion and bigger than the official reserves of all but two nations, data compiled by Bloomberg show. Gold gained last year as central banks from the U.S. to China pledged more action to bolster economies. The Bank of Japan said yesterday it will buy about 13 trillion yen ($147 billion) in assets per month from January 2014 and set a 2 percent inflation target. "Gold should find support from the BOJ stimulus as the liquidity created by the BOJ finds its way into the broader global economy," Standard Bank analyst Walter de Wet wrote in the report

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