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No Major Clearing House Can Fail

My Dear Friends,

I have not written much about the recent failure of a major clearing house out of respect for my friends who are caught in that situation.

A clearing house of note is the mechanism of the marketplace without which trading simply does not occur. This is a situation where "Too Vital

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In The News Today

Dear CIGAs,

This is called united system ease. It increases liquidity. It scratches the surface of QE, but is not QE.

QE is inevitable. It is the only tool that can stop a run on a bank, be it sovereign, investment or commercial.

Alf Fields is right when he says “Once this correction has

Continue reading In The News Today

Market Commentary From Monty Guild

Central Bankers Hold A Conference Call…Very bullish

We imagine that a significant phone call occurred on 11/29/11 between the central bankers from the U.S., Switzerland, U.K., Japan, Canada, and Europe.  The first five are going to provide needed liquidity to help the sixth, and send a message to the world.  The short-term financing market

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Jim’s Mailbox

Liquidity Is the Only Easy Solution CIGA Eric

Central bankers despite their best efforts are not in control of the markets. The futures might be soaring today, but infinite liquidity cannot turn distribution into accumulation in global equities or unemployment into employment for the US workforce.

Gross aptly suggests that Europe won’t escape its

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Holding the EU together by Money Printing and Force

By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

The European Union is frantically trying to come up with a plan to fix the debt crisis that is threatening to cause a worldwide financial calamity.  It seems every day there’s a new idea to save the union.  The latest is some sort of backdoor bailout through the

Continue reading Holding the EU together by Money Printing and Force

In The News Today

In The News Today

Jim Sinclair’s Commentary

How is this for tiptoeing?

Fitch Affirms United States at ‘AAA’; Outlook Revised to Negative

LONDON & NEW YORK–(BUSINESS WIRE)– Fitch Ratings has today affirmed the United States (U.S.) Long-term foreign and local currency Issuer Default Ratings (IDRs) and Fitch-rated U.S. Treasury security ratings at ‘AAA’. Fitch has also simultaneously affirmed

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No Laws Were Broken

By Greg Hunter’s USAWAtchdog.com

Dear CIGAs,

It looks like the EU is getting a bailout from the IMF that could be nearly $800 billion.  Gold is going straight up, and I am sure global stock markets will also surge on the bailout news.  This will not really fix what is wrong.  It will also

Continue reading No Laws Were Broken