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The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.
everything that wretched organisation touches turns to ruination.
IMF admits disastrous love affair with the euro and apologises for the immolation of Greece
As for Lagarde…she ruined France when Finance Minister, is up on corruption charges and has now wrecked the IMF….what a track record.
Well said on that Farmboy. I think it describes the peak and worst of the general US decline that imo started after 1913. We had independence after 1776, and lost that after 1913, England global Bankers got in our pants.
1917 WW I, 1929 depression, 1934 banned gold ownership, and used to prepare and pay for 1941 WW II, 1950 Korea, 1964 Vietnam, and profitless moon landing we paid for.
No matter who becomes president, I see natural market forces at work, going totally against the past objectives and agendas. A Major Reversal Globally. Simply because things HAVE to go that way.
Rough unknown transitions unfolding for the better.
Can we break through and hold it today? I think they’ll fight tooth and nail not to let it happen. In other news just for Wanka, THIS IS IT! The PMs and the PM stock will run (with near reckless abandon) with a few minor corrections till early 2017. You better be in it now cause the train is definitely leaving the station very soon. Time to make some of the money back!
If they want a woman in the Whitehouse I see nothing wrong with that as long as it is NOT THAT LYING BITCH!!
If they want a woman, wait until Donald Trump cleans up the mess and then elect a REAL WOMAN….Judge Jeanine Pirro.
LOL 
it just doesn’t matter. It doesn’t matter that Hillary has nothing of substance in her record after 35 years of public service. It doesn’t matter if she is a liar and runs a shell game called The Clinton Foundation. It doesnt matter that she takes, accepts, nay, demands bribes from allies and enemies alike. None of it matters, for she is woman.
Just like none of Obama’s history, or lack of experience , or lack of birth records, or his background steeped deep in radical socialism mattered. He was a black man.
A reporter walked around the DNC last evening asking the very question, ” Are you voting for Hillary just because she is a woman ?” A number of them seemed upset by the question and the simplistic view it represented. The majority of those asked stated that they wanted to be a part of history. The only part of Hillary’s campaign that could be considered ‘historic’ is the fact she is a woman.
So it appears that half of Americans are more interested in being a ‘part of history’, than voting who they consider the best leader for our Country. Issues are great talking points for the democrats, but the sum of it is many are willing to vote for ‘the woman’ in the race. My question would be, how did that work for ya, those that voted for Obama because we just HAD to put a black man in the White House. We are brain dead because we learn nothing from our mistakes. But, it just doesn’t matter. Real History will record that we have become a nation of idiots, lead to our demise, by an idiot, male or female, it just doesn’t matter.
I think Bill Murray had it right in the movie Meatballs.
Ireland jails three top bankers over 2008 banking meltdown
DUBLIN (Reuters) – Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country’s economy.
The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis.
The lack of convictions until now has angered Irish taxpayers, who had to stump up 64 billion euros – almost 40 percent of annual economic output – after a property collapse forced the biggest state bank rescue in the euro zone.
The dollar is graded on a curve. Europe falling about both economically and domestically by inviting in thugs and their enemies yet no terrorist or recruiter sent to Gitmo. Japan announced a easing package even though I think they stoped the interest rate stop. China no change and the rest a real mess. Money going into the dollar, stocks and other tangables including PMs.
I watch SLW real time and I can see the price and amounts of shares and I’m not kidding, I think a majority of the tradings is HFT machines. Autobot trading. always in 100 share units. 95% of the time. It’s so weird I tell ya. But I”LL TAKE IT!!!
Nothing is a coincidence with these quacks running the financial system. They simply have no common sense. Plenty of schooling yes, but no common sense achieved by actually doing things or working on things. Check out dollar chart.
Eldorado Gold reports $339m loss for Q2
By: Anine Kilian Updated 48 minutes ago Canadian gold miner Eldorado Gold reported a $329.9-million loss attributable to shareholders of the company for the second quarter of 2016, compared with a loss of $198.6-million in the second quarter of 2015. During the period under review, the company also recorded a post-tax impairment loss…
Only Bill has an endless supply of interns to look forward to. You ? You get to feed the iguanas. I know,….life sucks.
Glad you are back !
RE: GRG I can see it’s overbought … but I took a little nibble.
Only a brain dead person would vote for Hillary ? 🙂
Interesting choice of color, white. Subliminal? She is the ‘good guy’, Donald in dark suit the ‘bad guy’? No wait, I get it, Hillary is as pure as new snow.
Behold your new Messiah ! Bow, and kiss the ring.
That the Democratic National Convention has convened.
GDP Shocker: US Economy Grew Only 1.2% In Second Quarter; Q1 Revised To 0.8%
| Highest monthly inflation rates in history[70][71] | |||||
|---|---|---|---|---|---|
| Country | Currency name | Month with highest inflation rate | Highest monthly inflation rate | Equivalent daily inflation rate | Time required for prices to double |
| Hungary | Hungarian pengő | July 1946 | 4.19 × 1016 % | 207.19% | 15 hours |
| Zimbabwe | Zimbabwe dollar | November 2008 | 7.96 × 1010 % | 98.01% | 24.7 hours |
| Yugoslavia | Yugoslav dinar | January 1994 | 3.13 × 108 % | 64.63% | 1.4 days |
| Germany (Weimar Republic) | German Papiermark | October 1923 | 29,500% | 20.87% | 3.7 days |
| Greece | Greek drachma | October 1944 | 13,800% | 17.84% | 4.3 days |
Good to have you back my friend.
I’m looking into GRG a little more closely. Argentina is a better place to be a miner these days. Not so interested in K92, it being in New Guinea scares me a bit.
Cheers
The USD follows, they’re trying to keep the metals in check…
It’s a rigged system folks
