Tuesday, October 27, 2009

Gold, Goldfinger, Celente, Garrett, Bought Economists

Shirley Bassey singing Goldfinger - Live at Royal Albert Hall

Gerald Celente does not see much hope for the US:


"The general shape of this universal delusion may be indicated by three of its familiar features. First, the idea that the panacea for debt is credit." - A BUBBLE THAT BROKE THE WORLD, By GARET GARRETT

The above link is to a free version of the book. A 186 page .pdf down load. Written in 1932.


Nothing much has changed. Nothing much has been learned. A 1934 Chicago Tribune cartoon:


Priceless: How The Federal Reserve Bought The Economics Profession

Read more at:

The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.

"The Fed has a lock on the economics world," says Joshua Rosner, a Wall Street analyst who correctly called the meltdown. "There is no room for other views, which I guess is why economists got it so wrong."


Harrods to sell gold bullion for first time

It is renowned for its glitzy clientele and upmarket Knightsbridge location, but shoppers at department store Harrods will from today be able to buy the ultimate luxury accessory – gold bars.


Scotia first Canadian bank to deliver gold to your door

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