Categorie: Economie

Nassim Taleb is de bestseller auteur van Fooled By Randomness en The Black Swan: The Impact of the Highly Improbable.

 

Op dit ‘breakfast event’, met voorzitter Danny Finkelstein, verklaart Nassim Taleb de relevantie van zijn ideeën met betrekking tot de economische crisis.

 

 

NEW YORK (MarketWatch) — Stocks continue to flounder. A remarkable veteran editor says get used to it.

Harry Schultz’ Inteational Harry Schultz Letter was one of 2009’s top 10 performers because it ran with the rally. ( See Dec. 28, 2009, column.) And I named it Letter of the Year for 2008 because it undeniably did predict the crash, although by Hulbert Financial Digest count it didn’t benefit, for various technical reasons. ( See Dec. 28, 2008, column.)

June 10 (Bloomberg) — Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and govements are pressured to curb budget deficits that may push the global economy back into recession.

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

Anecdotal evidence suggests some major U.S. asset managers prefer to hold gold outside the U.S. for fear of confiscation in an echo of Roosevelt’s 1933 decree.

Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC is one of the world’s top precious metals traders and its vaults in the U.S. and Europe hold huge holdings of gold and silver bullion) recounted conversations with some of the U.S.’s top asset managers controlling massive amounts of capital asking if HSBC had the capacity in its vaults to store major gold purchases. On being told that the bank’s U.S. vaults had sufficient space available he was told that they did not want their gold stored in the U.S.A. but preferably in Europe because they feared that at some stage the U.S. Administration might follow the path set by Franklin D. Roosevelt in 1933 and confiscate all U.S. gold holdings as part of the country’s strategy in dealing with the nation’s economic problems.

Not to sound alarming, but this is a good time to invest in gold.

 

Then again, it’s hard not to sound alarming as looming inflation and currency devaluation have investors wondering how to protect the value of their portfolios. As it has in the past, gold is emerging as a go-to currency. At the same time, the supply of gold cannot keep up with demand and there is a commonly held view that in the next 12 months, gold could crack the $2,000 mark.

This past week several emerging and ongoing crises took attention away from the ongoing sovereign debt problems in Greece.  The bailouts are merely kicking the can down the road and making things worse for taxpaying citizens, here and abroad.  Greece is unfortunately not unique in its irresponsible spending habits.  Greek-style debt explosions are quickly spreading to other nations one by one, and yes, the United States is one of the dominoes on down the line.

De goudprijs kan een rally maken naar een recordprijs omdat beleggers naar een veilige haven zoeken om te schuilen voor de gevolgen van een mogelijke double dip.

LONDEN (ANP) – De goudprijs zat maandag flink in de lift door de onrust op de financiële markten. Beleggers vluchtten in goud vanwege de economische onzekerheid.

Complete registratie van de Fictional Truth avond van 26 mei ’10 gaat over ons geldsysteem en de huidige kredietcrisis. Publicist, ondeemer en voormalig beurscommentator, Willem Middelkoop spreekt vrij aan de hand van fragmenten uit de o.a. de documentaire ‘Money as Debt’.

Silver production increased steadily since 2005. Thus since 2006 it beat its record production. Silver production increased while production of gold falls, yet the gold-producing countries are twice as many as silver producers. Silver production is more complex than the production of gold because it is much more related to other metals. Mines producing only silver are more rare than mines that produce only gold. Distribution of demand between industry and investment is not the same for silver and gold.

In dit fragment, opgenomen op de eerste Fictional Truth avond, spreekt Willem Middelkoop over de media. Middelkoop stelt dat 80% van al het economische nieuws dat ons bereikt, afkomstig is uit persberichten. Opgesteld door spindoctors en voorlichters. Middelkoop: ‘De joualist bedoelt het goed maar wordt alleen maar geconfronteerd met propaganda’. Daarom heeft hij zijn vertrouwen in de traditionele media verloren.