• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Contagion Risk Increases – Euro Falls As Moody’s May Cut Rating On 3 Large French Banks Exposed To Greece

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Wed, 06/15/2011 - 07:38 | 1370346 Al Gorerhythm
Al Gorerhythm's picture

Cross pond Tit for Tat. Here it goes.

Wed, 06/15/2011 - 07:41 | 1370351 Highrev
Highrev's picture

... the U.S. is in a worse financial position than Greece and is inching closer towards default every day.

The headline within the headline.

 

Wed, 06/15/2011 - 07:53 | 1370353 hamurobby
hamurobby's picture

May this be the mother of all dollah rallies, could this be a perfect storm brewing with the end of pomo? (for a few weeks/months)

Wed, 06/15/2011 - 07:51 | 1370371 youngman
youngman's picture

silence about california.....stronger dollar my bunda....stronger yen...stronger euro.....yeah right.....greece striking...good for their gdp..and ipo´s going bezerk..what a crazy screwed up world we live in

Wed, 06/15/2011 - 07:52 | 1370372 ziggy59
ziggy59's picture

doesnt many us banks, like GSux have major exposure to greek banks? dshould be good for a 200 point rally, no?

Wed, 06/15/2011 - 07:52 | 1370379 All is chosen
All is chosen's picture

Yawn. This theatre production is so tedious.

Is gold €4,000/oz yet?

May I have a gentle wake-up call when it is please?

Wed, 06/15/2011 - 08:07 | 1370409 Highrev
Highrev's picture

$534,000 per household

To be able to pay that down, a lot more printing is going to be necessary.

Cost cutting won't make a dent, I'm afraid. And growth? Well, we all need a good laugh, right?

Stealth default? The Chinese are right (again)?

The world is certainly turned upside-down.

It's hard to argue numbers like that - I think I've got to give this round to the gold bugs.

 

Wed, 06/15/2011 - 08:30 | 1370481 Greeny
Greeny's picture

"The $61.6 trillion in unfunded obligations (money guaranteed for Medicare, Medicaid and Social Security) amounts to $534,000 per household"

Freaking Doctors eating this Country a live, Medical mafia

How that's possibly that less than 50% of population can

afford to pay for Medical insurance.. Is that joke?

Why they rising cost everyday. Is there any way to stop

those criminals? How come simple blood test

could cost $300-500 WTF? Unfunded liabilities?

F*ck them, don't pay them anything, they should be happy

not to be behind bars for such price hikes.

What kind of Service is that if it's not affordable

for most of the population? Absurd.

Wed, 06/15/2011 - 20:46 | 1373174 StychoKiller
StychoKiller's picture

How much is one more day of life worth to you?

Like just about every other distorted market, medical devices/services costs are being driven by Govt subsidies.

Wed, 06/15/2011 - 09:04 | 1370567 gwar5
gwar5's picture

This is a perfect opening for Timnanke.

As the Euro crashes because of the sovereign debt worries in Eurotopia, Bennie and the Inkjets can debase the USD some more to make the Euro look better. Sorry, America, cheap BMWs will not be forthcoming. 

Wed, 06/15/2011 - 09:17 | 1370598 MrTrader
MrTrader's picture

SKYNET TO ZEORHEDGE : do we have enough "risk free money shorts on board?". Answer: yes. Skynet prepares short seller destruction. Skynet out. zzzzz.........

Wed, 06/15/2011 - 09:26 | 1370611 trav7777
trav7777's picture

strong dollar LOL...weaker others.

POG strong in all currencies, as it has been. 

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