Marc Faber: Looming Global Catastrophe?The biggest bear of all, Dr. Doom (Marc Faber), discusses the future of the euro and whether a global catastrophe is on the way, with CNBC's Brian Sullivan and the Money In Motion traders. - FRI 18 MAY 12 | 05:43 PM ET
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Marc Faber Says Stocks in 'Significant Correction'
May 21 (Bloomberg) -- Marc Faber, the publisher of the Gloom, Boom & Doom report, talks about global stock markets and his investment strategy. Faber also discusses China's economy and Greece's potential exit from the euro area. He speaks with Susan Li on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
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Precious Metals Market Manipulation?For many years now, a meme has been floating around that the prices of gold and silver are being manipulated, which is to say suppressed, by various powers of darkness. This is not an unreasonable assertion. After all, the last thing the monetary powers-that-be want is to see is the price of gold skyrocketing. That would serve as an alarm bell, possibly panicking people all over the world, telling them to get out of the dollar. It's assumed, by those who believe in the theory, that the U... (more)
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Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From NowThere is nothing wrong with being optimistic, but there is something wrong with having blind faith that things are going to get better when all of the evidence is screaming at you that things are going to get worse. According to a brand new USA TODAY/Gallup Poll, 71 percent of all Americans consider economic conditions in the United States to be poor right now, but an astounding ... (more)
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Rogers: "Volume Is Not Going To Come Back. We've Had A Great 30 Years. That's Finished!"Jim Rogers is hedging his gold (and silver) positions reflecting that this is normal, following such a tremendous run, and that this is good for the precious metal in the long-run. In his discussion with Maria Bartiromo this afternoon, he notes India's anti-gold 'protectionism' (and its potential balance of payments issues) that are trying to force the hoarding into risky 'productive' assets (as others might say). The immutable commodity maven suggests JPMorgan (and its peers) c... (more)
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Facebook Co-Founder Gives Up U.S. Citizenship Before IPOEduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill.
Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin’s stake is about 4 percent, according to the website Who Owns Facebook. At the high end of the IPO valuation, that would be worth... (more) What's amazing about this is he is willing to pay the gigantic "exit tax" to get the f*^k out. Of course, only the freest and most open of countries has a tax on leaving. - Chris |
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U.S. Millionaires Told Go Away as Tax Evasion Rule LoomsGo away, American millionaires.
That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business.
“I don’t open U.S. accou... (more)
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The Golden Rule ReinterpretedIn an April speech in Berlin, Dr. Andreas Dombret, a member of the Executive Board of the Deutsche Bundesbank (the German central bank), offered a startlingly frank assessment of the current problems in Europe. Although his comments were meant to apply to the tensions and imbalances that exist between the northern and southern tier of the 17-member eurozone, they shed inadvertent light on the broader global economy.
Rebuffing calls that Germany do more to support the faltering s... (more)
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Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don't Buy GoldWhile Becky Quick's CNBC interview with the Charlie Munger has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett's right-hand was particularly eloque... (more)
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