I recently bookmarked the Total Investor blog. It is has become my favorite aggregation sites for economic and investing news. Yesterday, they featured a video clip: Marc Faber On CNBC: “Marc Faber is expecting an ‘ultimate crisis’ that will ‘clean the system. ‘If you pump money into the system and you create large fiscal deficits, you create volatility,’ Faber said'”
Items from The Economatrix:
Making Sense of Second Quarter Earnings, So Far “As you can see, a consumer retrenchment is happening here. And in my opinion, that is an even bigger story than the individual earnings reports or big profits from Wall Street firms. It’s going to dictate how quickly (or slowly) our economy turns around, and it has major implications for all the stocks in your portfolio.”
Bernanke Sees “Tentative Signs” Economy Is Stabilizing, Says Rates Will Stay Low Tentative, unsure; uncertain; not definite or positive; hesitant. Synonyms: doubtful, probationary, provisional .
Schoon: Goldman Sachs–A Vampire on the Jugular of America “The US claims the US Treasury still holds approximately 7,000-8,000 tons of gold but has not allowed a public audit of its reserves since 1954; and since 1999 the UK and Swiss have seen their gold reserves decimated as bankers freely sold their gold in order to cap the rise in the price of gold to keep the banker’s paper money scheme intact. This is perhaps the last opportunity for private investors to purchase gold when it is being diverted from public treasuries in order to keep gold prices artificially low. These publicly subsidized prices will not be available forever; for when the banker’s Ponzi-scheme of paper money collapses, gold will never again be this cheap.”