"If you believe that [Bernanke] means what he says, then you believe in Father Christmas." "we are going to see QE99," "the S&P could drop 20-30%from the recent highs - easily." "The only thing that I know is that I want to own some physical gold because I don't want all of my assets in financial assets." ~ Marc Farber
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From RussiaToday Published on Jun 22, 2013. In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss pepper spraying protesters while contemplating possibly, maybe one day out in the far distant future charging banksters for 'reckless misconduct' - aka destroying the global financial, monetary and economic systems. In the second half, Max talks to the author of a new book, Transforming Economy: From Corrupted Capitalism to Connected Communities, Zeus Yiamouyiannis of citizenzeus.com about an Academy Award for best horror fraud going to Fraudclosure; the use of kitty litter collateral to back the global financial system and ending your contribution to the phoney economy. From news.com.au Article link "BIG fat Indian weddings'' are driving the State's gold trade. The jewellery gifting tradition of the growing Indian population is boosting gold buying and selling outlets, despite a 10 per cent drop in the value of the precious metal over the last 12 months. Michael Salib, owner of Cash for Gold Australia which is based at Clayfield in Brisbane, said Indian customers were good for business. There was a 68 per cent jump in the number of permanent resident visas granted in Queensland to those from India from 2011/12 to 2012/13, bolstering the gold rush. "It is not unusual for us to buy $40,000 worth of gold jewellery from an Indian person in one hit. From my experience, they keep jewellery for many years, for generations, as an investment and when they need a lump sum, say for a deposit for a house, they will come and see us,'' Mr Salib said. "Indians are very savvy and are experts in the trading of gold.'' In Indian culture, family members gift the bride with gold jewellery heirlooms, which act as insurance against hard times. "The custom comes from the idea that gold is eternal and traditionally older people from India would prefer to gather gold than deal with banks or financial institutions,'' said Keshmi Dovecer, who is of Indian descent and lives in Cleveland, Queensland. "In the lead up to my 'big fat Indian wedding', close members of my family gave me pieces of jewellery that were family heirlooms. Wedding guests from Indian culture would seek out good deals in jewellery from local buy and sell stores,'' Ms Dovecer said. Read more: http://www.couriermail.com.au/national-news/queensland/big-fat-indian-wedding8217-tradition-of-giving-bride-heirlooms-keeping-gold-trade-alive-in-queensland/story-fnii5v6w-1226668039011#ixzz2X0HLAElQ |
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