Gold mining stocks are trading at their cheapest level in at least nine years even as the industry’s profits are estimated to almost double this year and bullion trades close to its historic high.   more »

And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.

- 1769 Oxford King James Bible 'Authorized Version

Are we at this point in time again ?   more »

how the bailout package works......   more »

CDS written by the same banks who issue the loans for fees are a clear conflict of interest!   more »

PARAPROSDOKIANS -Definition:  "Figure of speech in which the latter part of a sentence or phrase is surprising or unexpected; frequently used in a humorous situation."    more »

It is going to be hard for the "democratic" world to ignore this report.
Both Saudi Arabia's and Bahrain's Royal leaders are responsible for this and they need to be held accountable.   more »

Everyone has an opinion but some "experts" are more expert than others !
Fear and Greed dominates the markets.
This has never changed and never will.   more »

JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally.  If you "big boys" aren't bust then I defy you both to give us precise and transparent details of your net exposure and risk to each country on a case by case basis in the event of default.
BTW have you ever heard of Cook ratios and Basel 1/2/3 ?
Remind me what your capital is ?
How much capital do you need to write $5 trillion of liabilities?
Regulation 1.25 ?!
I think that this is a case for www.BankFraudSquad.com !
Ok Boys and Girls, own up WHO at you banks was responsible for writing this risk?
The fees and bonuses must have been huge.
Are you going to return these if you need bailing out ?
Oops! Did i say "if" ?    more »

The tsunami of change has just begun.
Where and when will it stop ?   more »

I hope not but.....Another Conflict of Interest !   more »

Watch out America because badly handled and especially with excess violence the North African revolution might soon be on your own doorstep   more »

Another example of banking politics bullying regulators into amending the rules. All in the name of profit.
To quote one critic "If we were in 1995 all these bankers would be in jail" !
Bribery and lobbyists have amended and changed this rule.
After all rules are made to be broken in the name of profits !   more »

Politics have messed up financial logic....once again   more »

I think that the Greek government is mad!
The best thing for Greece and Greeks is to default and pull out of the euro..   more »

"The Arab Awakening continues..." and that "Israel, Iran.Turkey and the USA are responding to Arab initiatives"
Let's not confuse sovereignty with royalty and democracy.   more »

Turkish apology for its genocide?   more »

No pay for politicians and minimum age restriction   more »

It's really all about robbing Peter to pay Paul. Italy owes around €600b to France. Italian total debt is around €2Trill. Greek debt in comparison is about 350B. US banks alone are owed $1.2Trill (dollars) by French and German banks. The circle just goes round and round and to get to the real bottom of it all is practically impossible. Especially when you see figures like total global equities are valued at around $5Trill and then there are derivatives floating around for at least 10x this amount.
Now European governments or rather Brussels have started to attack rating agencies such as S&P and gagging orders have been placed on them.....
Soon newspapers won't be able to do research or comment on any of this disastrous debt.
One thing is clear....the only way out is these three letters : SDR

Comment
Good luck Frau Merkel
There is still too much of a patriotic spirit instead of a European esprit !
The French, Germans and English, Irish, Welsh and Scots will always fight.
Add in the Italians and Spanish....and don't mention Gibraltar...."Non!" to quote CDG.
27 countries and more coming !   more »

Comment
“I believe, if I were in his shoes, I would step down,” King Abdullah told the BBC. “If Bashar has the interest of his country, he would step down, but he would also create an ability to reach out and start a new phase of Syrian political life.” Very unwise, your Majesty, to express your opinion on another country.
You might soon be in his shoes, King Abdullah! As, for the moment only the dictators have been deposed or under pressure. Soon it might well be the "Royal Dictatorships" turn.....Remember The kings of Egypt,Tunisia,Libya,Afghanistan etc   more »

The supreme leader of Iran added his voice on Thursday to the country’s bellicose backlash against the incriminating United Nations report about the Iranian nuclear program, warning any potential military attackers they would face a “strong slap and iron fist.”
Ayatollah Ali Khamenei said potential attackers would face a “strong slap and iron fist.”   more »

Yemeni Forces Heighten Deadly Assault on Protesters in City Central to Uprising
By LAURA KASINOF and
Anees Mahyoub/Associated Press

ADEN, ...   more »

Fukushima Daiichi Unit 1 was stuck in darkness, and everyone on site feared that the reactor core was damaged. It was the day after a huge earthquake and a towering tsunami devastated the plant, and the workers for Tokyo Electric Power Company knew they were the only hope for halting an unfolding nuclear disaster.
Another power company tried to help. It rushed a mobile electrical generator to the site to power the crucial water pumps that cool the reactor. But connecting it required pulling a thick electrical cable across about 650 feet of ground strewn with debris from the tsunami and made more treacherous by open holes left when manhole covers were washed away.   more »

LONDON — The day after James Murdoch appeared before a parliamentary panel investigating allegations of phone hacking at The News of the World tabloid, he was firmly locked in a high-stakes battle of wills with the tabloid’s last editor, Colin Myler, and a former legal manager, Tom Crone.   more »

Stocks surged in the United States and in Europe on Friday after a package of austerity measures cleared a hurdle in Italy and as Greece swore in a new prime minister, Lucas Papademos, to lead a unity government.
With Europe under mounting pressure to act quickly to tackle its debt crisis, the leaders of Italy and Greece moved forcefully on Friday to reinvigorate their governments and show their sincerity about economic austerity. Financial markets rallied on the news.   more »

WASHINGTON | Fri Nov 11, 2011 3:38pm EST
(Reuters) - The IMF is considering dropping a requirement that currencies be "freely usable" to be part of its internal currency basket, a step that could open the door to inclusion of China's yuan.   more »

The cold weather is upon us once again and at this time of year we start to catch those dreaded sniffles. If you haven't had your Flu jab this year be sure to see your Doctor, if they haven't run out yet!   more »

FAMAGUSTA GAZETTE • Thu, Nov 10, 2011
EU Commissioner Stefan Fule conveyed to Turkish Minister for EU Affairs and Chief Negotiator Egemen Bagis, European Union’s concerns about the recent tensions in relations between Turkey and Cyprus.    more »

The Centers for Disease Control and Prevention Advisory Committee on Immunization Practices recently recommended that teenage boys be vaccinated against the human papillomavirus.   more »

Dear fellow Patriot,

Gun-grabbers around the globe believe they have it made.

Secretary of State Hillary Clinton recently announced the Obama Administration will be working hand-in-glove with the UN to pass a new "Small Arms Treaty."   more »

Dictatorships vs Kingdoms !

We are all so much for "democracy"....which really is not a democracy....
Ask ourselves why only the dictatorships or nouveau riche/monde "Kings" have been executed by the "peuple" ?
After all most of the Kingdoms and Realms are also dictatorships in disguise..
All ruled and governed by non-elected heads of state.
Only Europe has managed to mix Royalty with democratic government...so far!

Netanyahu might be a liar.....Monsieur Sarkozy and Obama you might not be able to bear the Israeli PM but.....what on earth are you both going to do about the UN Team's evidence of an Iran bomb plan?
You were all bluffed by Tony Blair and Bush about the weapons of mass destruction that Saddam Hussein supposedly had....   more »

A leopard that changed its spots should never be trusted and    more »

Just reading through today's newspapers and seeing Berlusconi, Iran and the Promises Promises or rather broken promises from Citibank.....   more »

Is the euro about to capsize?
By Laurence Knight
Business reporter, BBC News   more »

Only the retail banks with no investment banking activities are relatively solvent.
We need to return to pre-big bang times and reverse the stupidities of Alan Greenspan.
Small will be more beautiful and manageable and certainly more secure.   more »

the best solution for Greece is to leave the Euro
This however is the worst solution for Germany and other members.
Greece needs to be able to devalue and offer is labour and goods at a lower price.
This cannot happen within the Euro.   more »

How to avoid the great healthcare rip off of 2011
Watch Read and Listen

http://finance.uncommonwisdomdaily.com/reports/event/medigap/4632106.php

Copy and paste into your bowser

Detoxification of the Liver and Gallbladder - Learn a Procedure for Doing a Liver and Gallbladder Flush
Your body needs support and preparation to maintain health, just as you prepare your food before you eat it.   more »

The bank that failed is Dexia, and the country is Belgium. But if you don’t live in Belgium ... and you think that fact makes this failure less relevant to your banks or to your investments, consider these shocking facts: .......   more »

Buy gold or trust paper currencies?

Unbelievable how governments are blaming the banks for their financial demise.
The politicians are responsable for the financial mess created by each of their countries.
In the end the problem with socialism is that you run out of other people's money.
Taxing the rich to pay for the poor will end up with a bigger and deeper hole in all the European budgets.
Private enterprise cannot continue to pay for the shortfallings of badly managed governments.
Current government policies are destroying growth and sending us all back into a huge recession

Politics is a game for liars.
Politics should NOT be a career as nothing will get done.
Politicians have become like lawyers with a conflict of interest in getting anything completed.
There is no longer a democracy as the power is in the hands of one interested party.....namely the group of politicians..