"Production deficit bubble" developing for crude?
Scarcity of credit combined with falling demand took its toll on oil production in 2008/2009. And we're just about to feel the pinch. But the profit potential for those "in the know" is staggering... Dr. Kent Moors is taking the true oil story public. Just go here now.
February 19 , 2012
Is Gold Money?... Don't Ask Ben Bernanke, Examine
the Federal Reserve
By Peter Krauth, Global Resources Specialist
If you really care about your financial future, here's something you need to know.
It's about a story that received almost zero coverage from the mainstream press. I can't say that I am surprised.
It involves gold.
Thanks to requests by Bloomberg News under the Freedom of Information Act, the Federal Reserve has revealed unprecedented details concerning the personal holdings of its regional bank presidents.
What they found is nothing short of stunning ...
There's an exchange between Fed Chairman Ben Bernanke and Congressmen Ron Paul you need to hear first.
During a monetary policy report delivered to Congress last summer, Congressman Ron Paul asked Bernanke if he thought gold is money.
After a clearly uncomfortable pause Ben said, "No. It's a precious metal." [By the way, if you haven't seen Ron Paul questioning Bernanke about gold, click here. It's already had over half a million views.]
Paul went on to ask Bernanke why it is then that central banks hold so much gold. Bernanke answered that it was simply a tradition.
Well, congrats Ben, you did get that one right, just for the wrong reasons. (Deep down, you surely know the true reasons).
The fact is gold has been a monetary tradition for millennia.
Nearly 2,000 years ago Aristotle laid out what characteristics make for good money. According to Aristotle:
You might want to reread that: the most common basis for money - in all of human history - has been gold. It's no accident.
After all, only gold meets all five of those requirements for sound money.
It is only in the past century that fiat money has supplanted gold or gold-backed currencies on a worldwide basis.
What makes today's central bankers and their system of printing fiat currencies and setting interest rates so special? It is hubris and nothing more.
Fiat currencies are just a relatively recent, and failing, experiment in economics. So much so, it's become exceedingly dangerous to hold them of late.
Here's why.
To continue reading, please click here...
------------------------------
Has The Price of Silver Been Manipulated?
We asked ourselves: What could account for the wild price swings in silver? How can it dip 29% in 6 trading days - when demand is at historic highs? Who's getting rich on these swings? And how? Does it stem from a massive scheme that appears to involve traders...investment banks...and, as some suggest, even the federal government itself? What do you think? We want to know... Take this poll. You'll get the results as well as our unvarnished research on this situation. YES / NO
------------------------------
The Real Reason Mark Zuckerberg is Paying $2 Billion in Taxes on the Facebook IPO
By Keith Fitz-Gerald, Chief Investment Strategist
As the much-ballyhooed Facebook IPO looms closer, there's a mountain being made out of a molehill.
Turns out 27-year-old founder and CEO Mark Zuckerberg may have a $2 billion tax bill that, according to a variety of sources, he intends to pay in full.
He seems like a regular guy...or is he?
To say I'm skeptical of his intentions would be an insult to actual skeptics. I think the "Zuck" is a great guy, but a regular guy? No way.
He didn't build from scratch a business that has 845 million customers by being stupid.
Zuckerberg goes to great lengths to project an aw-shucks kind of image. But in reality, this move is about as down-to-earth as Kim Kardashian's wedding. And it's every bit as sophisticated a play as I would have expected out of Larry Ellison or the late Steve Jobs.
Zuckerberg (and presumably his advisors) knows that the stakes couldn't be higher than they are at the moment, which is why he wants to pay this tax bill and reinforce the illusion that Facebook is part of Middle America - instead of being built upon its back.
He knows that successfully doing so will help him monetize yourinformation when Facebook goes public.
I say this because it's important to remember the only reason Facebook is worth anything is because users - people like you - have voluntarily, with no compensation whatsoever, assembled the greatest single collection of marketing data in recorded history. That's right. Your data is going to make him rich.
So where are all the privacy advocates now?
I'd love to see what Facebook's proposed valuation would be if 845 million people suddenly decided they really don't want to share their most intimate moments with friends or decide they don't really want to "like" anything.
And why hasn't the Occupy Wall Street crowd or the Tax the Rich bunch latched onto this?
Because evidently none of them can spell h-y-p-o-c-r-i-s-y. And many are probably too busy using Facebook to "meme" about their activities to pay attention anyway.
But that's really beside the point.
Miller advocates allowing the government to claw back money from the ultra-wealthy. He believes that individuals earning more than $2.2 million in income or having more than $5.7 million in securities should have their stocks marked to market and taxed even if they haven't sold their investments.
That's asinine.
To continue reading, please click here...
Scarcity of credit combined with falling demand took its toll on oil production in 2008/2009. And we're just about to feel the pinch. But the profit potential for those "in the know" is staggering... Dr. Kent Moors is taking the true oil story public. Just go here now.
February 19 , 2012 Is Gold Money?... Don't Ask Ben Bernanke, Examine
the Federal Reserve
By Peter Krauth, Global Resources Specialist
If you really care about your financial future, here's something you need to know.
It's about a story that received almost zero coverage from the mainstream press. I can't say that I am surprised.
It involves gold.
Thanks to requests by Bloomberg News under the Freedom of Information Act, the Federal Reserve has revealed unprecedented details concerning the personal holdings of its regional bank presidents.
What they found is nothing short of stunning ...
Ben Bernanke on Gold
But let me back up a little.There's an exchange between Fed Chairman Ben Bernanke and Congressmen Ron Paul you need to hear first.
During a monetary policy report delivered to Congress last summer, Congressman Ron Paul asked Bernanke if he thought gold is money.
After a clearly uncomfortable pause Ben said, "No. It's a precious metal." [By the way, if you haven't seen Ron Paul questioning Bernanke about gold, click here. It's already had over half a million views.]
Paul went on to ask Bernanke why it is then that central banks hold so much gold. Bernanke answered that it was simply a tradition.
Well, congrats Ben, you did get that one right, just for the wrong reasons. (Deep down, you surely know the true reasons).
The fact is gold has been a monetary tradition for millennia.
Nearly 2,000 years ago Aristotle laid out what characteristics make for good money. According to Aristotle:
- It must be durable.
- It must be portable.
- It must be divisible.
- It must be consistent.
- It must have intrinsic value.
You might want to reread that: the most common basis for money - in all of human history - has been gold. It's no accident.
After all, only gold meets all five of those requirements for sound money.
It is only in the past century that fiat money has supplanted gold or gold-backed currencies on a worldwide basis.
What makes today's central bankers and their system of printing fiat currencies and setting interest rates so special? It is hubris and nothing more.
Fiat currencies are just a relatively recent, and failing, experiment in economics. So much so, it's become exceedingly dangerous to hold them of late.
Here's why.
To continue reading, please click here...
------------------------------
Has The Price of Silver Been Manipulated?
We asked ourselves: What could account for the wild price swings in silver? How can it dip 29% in 6 trading days - when demand is at historic highs? Who's getting rich on these swings? And how? Does it stem from a massive scheme that appears to involve traders...investment banks...and, as some suggest, even the federal government itself? What do you think? We want to know... Take this poll. You'll get the results as well as our unvarnished research on this situation. YES / NO
------------------------------
The Real Reason Mark Zuckerberg is Paying $2 Billion in Taxes on the Facebook IPO
By Keith Fitz-Gerald, Chief Investment Strategist
As the much-ballyhooed Facebook IPO looms closer, there's a mountain being made out of a molehill.
Turns out 27-year-old founder and CEO Mark Zuckerberg may have a $2 billion tax bill that, according to a variety of sources, he intends to pay in full.
He seems like a regular guy...or is he?
To say I'm skeptical of his intentions would be an insult to actual skeptics. I think the "Zuck" is a great guy, but a regular guy? No way.
He didn't build from scratch a business that has 845 million customers by being stupid.
Zuckerberg goes to great lengths to project an aw-shucks kind of image. But in reality, this move is about as down-to-earth as Kim Kardashian's wedding. And it's every bit as sophisticated a play as I would have expected out of Larry Ellison or the late Steve Jobs.
Zuckerberg (and presumably his advisors) knows that the stakes couldn't be higher than they are at the moment, which is why he wants to pay this tax bill and reinforce the illusion that Facebook is part of Middle America - instead of being built upon its back.
He knows that successfully doing so will help him monetize yourinformation when Facebook goes public.
I say this because it's important to remember the only reason Facebook is worth anything is because users - people like you - have voluntarily, with no compensation whatsoever, assembled the greatest single collection of marketing data in recorded history. That's right. Your data is going to make him rich.
So where are all the privacy advocates now?
I'd love to see what Facebook's proposed valuation would be if 845 million people suddenly decided they really don't want to share their most intimate moments with friends or decide they don't really want to "like" anything.
And why hasn't the Occupy Wall Street crowd or the Tax the Rich bunch latched onto this?
Because evidently none of them can spell h-y-p-o-c-r-i-s-y. And many are probably too busy using Facebook to "meme" about their activities to pay attention anyway.
But that's really beside the point.
A Zuckerberg Tax? ...Give me a Break
There should be a huge amount of backlash, but there isn't. Well, unless you count any number of proposals like the "Zuckerberg Tax" advanced last Tuesday in a New York Times OpEd piece by tax lawyer David Miller.Miller advocates allowing the government to claw back money from the ultra-wealthy. He believes that individuals earning more than $2.2 million in income or having more than $5.7 million in securities should have their stocks marked to market and taxed even if they haven't sold their investments.
That's asinine.
To continue reading, please click here...
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