Nov 01

Real Life Example of Inflation

Posted by Kristjan Velbri | Posted in Gold, Silver, Video | Posted on 01-11-2009

This is one of the best videos I’ve ever seen on inflation/loss of purchasing power. Enjoy (the intro music might be a bit loud so turn the volume lower before you start viewing).

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Oct 25

Frontline: The Warning

Posted by Kristjan Velbri | Posted in Markets, Video | Posted on 25-10-2009

In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.

More on derivatives (links)

1. Bank for International Settlements (ie. the bank of central banks) semiannual report on  global over-the-counter derivatives (current outstanding global derivatives $592 trillion = 9.7 times world GDP*)
2. Office of the Comptroller of the Currency report on OTC derivatives in the US (current outstanding derivatives held by US banks $203.5 trillion = 14.13 times US GDP*)
3. Financial Sense Newshour special *warning* show on derivatives (mp3 audio file)

*2008 GDP numbers from the IMF

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Sep 30

The Federal Reserve Is Being Run by a Money Printer

Posted by Kristjan Velbri | Posted in Markets, Video | Posted on 30-09-2009

I have huge respect for Marc Faber. His analysis goes way beyond the mainstream pep talk. He knows what he is talking about. During this crisis, he’s been right on a consistent basis, he even called the bottom back in March. Even if you disagree with Mr. Faber and his views, it doesn’t hurt to hear the other side out. I don’t think Robert Prechter’s prediction of an impending deflation is correct, but I try to keep aware of what he and other deflationists think just to keep my brain cells from going on standby. This interview, which is divided into three parts due to commercial breaks is an absolute must view for inflationists and deflationists alike.
PS. Note how calm Mr. Faber stays during the interview. He is obviously not a sensationalist unlike some permabears who don’t understand the fact that markets can go up even if the economy tanks (cough, Mr. Roubini, cough).
Marc Faber’s Gloom Doom Boom homepage.

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Aug 22

Hitler Misses the Bull Market

Posted by Kristjan Velbri | Posted in Markets, Video | Posted on 22-08-2009

You gotta love this!

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Aug 03

Bernanke Knows He Is Walking On A Minefield

Posted by Kristjan Velbri | Posted in Video | Posted on 03-08-2009

Bernanke knows he is walking on a minefield and his voice is showing it very clearly. Love him or hate him, he is, unfortunately, the best there is out there right now considering that the most popular alternative is Larry Summers…

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