Still Think Gold and Other Financial Markets Aren’t Manipulated? – Read Their Ad!

The Bank for International Settlements Bares It’s “Dirty Little Secret”.

Thanks to;

CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. -and- Researcher R.N.

The powers-that-be do their best to hide their manipulations of the financial markets, but every now and then the truth leaks out.

A researcher found a 24-page brochure prepared by the Bank for International Settlements to introduce itself to prospective members at a seminar at BIS headquarters in Basle, Switzerland, in June 2008.  The brochure includes an advertisement for the gold market-rigging services provided by the BIS to its 50 or so member central banks.  Page 17 of the brochure touts “Our Products,” including “Gold & Forex Services — Interventions.“

Can they make it any clearer?

Debt Derivatives and Gold will Explode Shortly

Courtesy of: CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Debt derivatives and gold will explode shortly, von Greyerz tells King World News

Fund manager Egon von Greyerz, interviewed by King World News today, expects debt derivatives to start exploding across Europe and the United States soon, and gold to end its consolidation phase and to start moving up again as soon as next week. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/17_Greyerz_-_Gold_to_Begin_a_Major_Advance_Starting_Next_Week.html

Think where you live is pricey? Try Tokyo or Sydney

By Martin Wolk, msnbc.com’s business editor

Americans may complain about the cost of living, but life is actually getting a bit cheaper here compared with the rest of the world, a new study finds.

None of the world’s 40 most expensive cities are in the United States, with the top spots dominated by cities in Japan, Australia and western Europe, according to a semi-annual report by the Economist Intelligence Unit.

Los Angeles, which somehow ranks as the most expensive U.S. city, is No. 41 on the global list, down from No. 24 six months ago. Chicago fell to No. 44 from 33, and New York is now less expensive than 48 other cities around the world, including Tel Aviv, Israel, and Dublin, Ireland, according to the report.

As anyone can confirm, the cost of living is not actually getting cheaper in the United States, but the global index is calculated in dollar terms, so the weakness of the dollar makes other cities relatively more expensive.

The Economist survey, mainly intended to calculate cost-of-living allowances for traveling business executives and expatriates, looks at the cost of living in 140 cities around the world, assessing prices of more than 160 items including food, clothing, transportation, utilities and “domestic help.” The index factors in the cost of executive-level rental housing as well as sales taxes, but not income taxes or home sale prices.

Link to Full Article

Global growth: American exceptionalism

American exceptionalism

Jul 1st 2011, 17:41 by R.A. | WASHINGTON; Courtesy, The Economist

AMERICA’S economic prospects seem to be improving, but it’s very nearly alone in that respect. The latest data from purchasing managers’ indexes around the world provide a snapshot of a global slowdown. While American manufacturing activity grew at a faster pace in June relative to May, most countries saw slowdowns and a few dipped back into contractionary territory. (See this useful interactive at Real Time Economics for an easy comparison.)

Slowing growth in China has grabbed attention, given recent headlines about debt loads and unrest there. China’s PMI dipped from 52 to 50.9, barely in expansionary territory, in June. That’s not entirely a bad thing, however. Chinese inflation has been running uncomfortably high, and the government has been working to slow the economy’s growth. The story is the same in India, where activity also slowed, and in Brazil, where production actually fell in June.

As the chart at right indicates, the Indian and Brazilian economies have been running especially hot. (You can see an interactive chart of the factors that make-up the index here.) Depending on the pace of the slowdown over the next few months, there are sure to be worries about hard landings. Emerging market governments have little choice but to combat destabilising inflation.

The good news for the rich world is that slowing emerging market growth will keep commodity prices. That, in turn, will dampen inflationary pressures and free central banks to respond more appropriately to domestic economic conditions. In Europe, those conditions are weak and getting weaker. Manufacturing activity for the euro zone decelerated sharply in June. The big core economies, Germany and France, weren’t spared. But matters are worse around the periphery.

Link to Full Article