Federal Reserve Cannot Account for $9 Trillion

Published by Edward Murphy under Economics | Video |

Rep. Alan Grayson talks to the Federal Reserve Inspector General Elizabeth Coleman of the Federal Reserve, asking her questions regarding trillions of dollars that came from the Fed's expanded balance sheet and what the losses on its $2 trillion portfolio are.

The Inspector General does not have the answers Grayson is looking for.

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Jim Cramer Interview on the Daily Show

Published by Mark O’Byrne under Economics | Video |

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Gold For Bread - Zimbabwe

Published by Mark O’Byrne under Economics | Gold | Video |

MDC activist Sam Chakaipa returns to his village in rural Zimbabwe to find his friends and neighbours starving to death, reduced to panning gold powder from the rivers to exchange for food at an exorbitant rate.

The Guardian via Youtube:

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The World Issues a Sigh of Relief – (Frank Caliendo Bush Impression)

Published by Mark O’Byrne under Video | Whimsy |

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Fred Thompson explains the bailout (satire)

Published by Edward Murphy under Video | Whimsy |

 

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Gold in Backwardation; talk of a run on the COMEX

Published by Edward Murphy under Economics | Gold | History | Silver | Video |

It wouldn't be suprising if you had never heard of backwardation. Though many commodities markets are frequently in backwardation, especially for seasonal or perishable/soft commodities, it has only happened twice in history in precious metals.

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I.O.U.S.A.: Byte-Sized - The 30 Minute Version

Published by Edward Murphy under Economics | Video |

I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S.

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Rollover: Essential Movie Viewing in these Unprecedented Financial and Economic Times

Published by Mark O’Byrne under Commentary | Economics | Gold | Video |

Rollover is the story of faded Hollywood siren Jane Fonda who inherits a multi-million dollar company after her powerful bank president husband is murdered. While trying to find her dead love's killer, she runs his corporation with the help of charming banker Kris Kristofferson in the weeks before a worldwide currency and financial collapse.

 

It was the 1981 movie Jane Fonda "got made" after her exploration of the dangers of nuclear power in the "China Syndrome" back in 1979. She was driving to tell the story of real money - gold and how people throughout the world value gold as real money while most Americans and people in western societies don't understand gold and have forgotten its importance and value.

 

The plot line is about wealthy Arab investors not rolling over their certificates of deposits (CDs) in American banks and buying gold in order to hedge themselves against a fall in the dollar and paper currencies ... and what the loss of those foreign investments means to the financial establishment in New York and the international financial and monetary system.

 

Rollover: Financial Apocalypse

 

This movie was a "financial thriller" and there are not many of these movies made. Movies need bank financing, and banks usually won't finance anything that makes them look bad or stupid. They show "It’s a Wonderful Life" with Jimmy Stewart on TV only once a year now because it shows "run on the bank" at the Bailey Savings and Loan - not something the financial establishment wants Americans to even think about.

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FT Video on Gold - Gold & Silver Investments' Flood Interviewed

Published by Edward Murphy under Gold | Video |

In a very interesting video about the gold market today, Stephen Flood of Gold and Silver Investments is interviewed by Javier Blas of the FT .

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Will Bailouts Risk Hyperinflation? (CNBC Video)

Published by Edward Murphy under Economics | Gold | Video |

Government bailouts of the financial system will destroy the dollar, euro and sterling because of hyperinflation, Martin Hennecke, senior manager of private clients at Tyche told CNBC. But Todd Everts, president & CEO of Wall Street Global, disagreed.

"The privatization of the banks is the first step down the road to hyperinflation," Hennecke said Monday.

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Wall Street's Shadow Market (Video)

Published by Edward Murphy under Economics | Video |

Snippet from CBS's 60 minutes special on the the problems facing Wall Street.

Worth watching as it focuses on some of the less-mentioned causes of the financial crisis, including the role of Credit-Default-Swaps, which were sold alongside the subprime mortgage securities (CDOs) as a way to minimise risk.

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'Hitler's Gold Grab'

Published by Mark O’Byrne under Gold | History | Video |

This fascinating, frightening and compelling video details the plundering of Austrian, Czech, Polish and other national gold reserves and the theft of German and european citizen's (especially the Jews) gold for the Reichsbank.

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Gold was moved to a secret potassium mine in Merkers in Thuringia in the very heart of Germany.

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Forget stocks, gold is back!

Published by Edward Murphy under Gold | Video |

Gold & Silver Investments very own David Russell appeared on CNN on Friday:

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Max Keiser: "It's not worth the paper it is printed on."

Published by Edward Murphy under Economics | Video |

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I.O.U.S.A

Published by Edward Murphy under Economics | Gold | Video |

Few are aware that America may be on the brink of a financial meltdown. I.O.U.S.A. explores the country's shocking current fiscal condition and ways to avoid a national economic disaster.

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It's Not Your Grandfather's Bank Run ... Yet

Published by Edward Murphy under Economics | Video |

From Wikipedia:

Bank runs first appeared as part of cycles of credit expansion and its subsequent contraction. In the 16th century onwards, English goldsmiths issuing promissory notes suffered severe failures due to bad harvests plummeting parts of the country into famine and unrest.

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From the Sub-Prime to the Ridiculous

Published by Edward Murphy under Video | Whimsy |

On a day when I read that rising fuel prices are putting a pinch on the world's oldest profession
I am reminded that there are commentators that can laugh in the face of creeping economic woes.

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Buffett, Soros Refute 'Credit Crunch Over' Mantra: Market Pays Heed

Published by Maria Sutt under Video |

It ain't over til it's over.

That was the message from investing legends Warren Buffett and George Soros yesterday, and the market is taking heed today.

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Bernanke buys Bear Stearns traders' Maseratis

Published by Edward Murphy under Video |

Jim Rogers was his usual outspoken self when interviewed on Bloomberg's Morning Call.

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Cramer is not-so-Mad About (paper) Money

Published by Edward Murphy under Commentary | Video |

Cramer is an over-the-top wind bag who I would not trust with a ten foot barge pole (he uses sound effects!) but he is observed and followed by many on Wall Street and his recommendations will lead to increasing speculative and investment demand and his prediction of gold over $1,650 per ounce is conservative.

He does make the interesting point, however, that when the IMF talks about selling gold it is really buying paper currency; "and I don't want to stock up on paper currency right now."

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