Thursday, July 5, 2012

Stack the Head Smack

OK who just head crashed the SELL button on the Gold desk after briefly recovering from an Independence Day hangover?........stack the head smack?

chart from

Australia and China strike another nail into the US Dollar for Independence Day

Surprising it has taken this long to be considered officially, considering that China is Australia's largest trading partner.

From ABC Online

Original source

Australia is hoping to become the third country in the world to be able to directly convert its currency into Chinese yuan.

The Treasurer Wayne Swan will push the case at a currency forum in Hong Kong and during meetings with Chinese leaders in Beijing next week.

Analysts say Australia's push to directly convert its currency into yuan will make trade with China more efficient and will lower transaction costs, particularly for the country's big miners and importers.

ANZ currency strategist Andrew Salter says currently they have to go through the US dollar or Japanese yen first.

Read more

Capital Account with Jim Rogers

Jul 3, 2012 by

Matt Taibbi and Eliot Spitzer on the LIBOR manipulation

Keiser Report: Big guy 'scandals' vs small fry 'crimes'

Jul 3, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'scandals' for the big guys, 'crimes' for the small fry and they also examine, the worst businessman of the century. In the second half of the show Max talks to journalist and blogger, Teri Buhl of, about JP Morgan's $9 billion problem and the information about fraud that the SEC is currently sitting on.

Follow Max Keiser on Twitter:

The blogger is back

Hi all, sorry for having no new posts on the blog over the last few days. I had a few days off at Port Macquarie in an internet dead zone.

Hastings River, Port Macquarie, Northern NSW, Australia