Posts tagged UBS
The Ties That Bind: Behind Obama – UBS, Harken, BCCI…. 4:36 pm / 27 June 2010 by Lila, at LILA RAJIVA: The Mind-Body Politic
Chuckle. I see that Lew Rockwell has a podcast today with Russ Baker, the founder of the site, WhoWhatWhy.com, from which this piece is published.
Interesting background here on UBS, the Swiss bank (and leading kleptocrat) involved in the biggest off-shore scandal in recent history (hat-tip to The Daily Bell commenter who posted it):
“It is worth [...]
ANOTHER Gold Record—Almost $1,250/oz. 11:00 am / 14 May 2010 by Editors, at Little Alex in Wonderland
Gold is skyrocketing this week.
Gold neared $1,250 per ounce today as investing continues to move away from fiat money.
Pham-Duy Nguyen reports at Bloomberg:
The metal reached an all-time high of $1,249.70 an ounce in New York. The euro fell to a 14-month low against the dollar amid speculation that cost-cutting measures by European nations will undermine economic growth. Yesterday, former Federal Reserve Chairman Paul Volcker said the euro faces “disintegration.” Gold priced in European currencies also climbed to records.
“This is euro-generated panic buying,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. “It’s not a good situation for the Europeans. They see continued erosion of their currency, and they’re buying gold.”
It was called “nuts” when gold reached a record of $1,235.20 earlier in the week soon after the Federal Reserve and European Central Bank committed to printing fast funny-money to bail out international banksters in what’s dubbed the ‘Greece bailout’. The first invoice for the bailout shows $9.2 billion coming from the Fed.
The plummeting euro “will reach $1.15 by December and $1.10 by the end of 2011, UBS said, trimming its previous forecasts for the currency to trade at $1.30 and $1.25, respectively”, Candice Zachariahs at Bloomberg today. It fell blow $1.2388 today. Here’s the downfall, as posted by “Tyler Durden” at Zero Hedge:
Filed under: International Affairs, National News, Political Science Tagged: ECB, eurozone, Fedreal Reserve, fiat money, gold, Greece bailout, NYSE, Paul Volcker, UBS, US dollar, USD
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