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    Daily Digest 9/28 – Gold As Final Refuge, Savers Told To Start Spending, Seafood in Crisis

    by Chris Martenson

    Tuesday, September 28, 2010, 3:54 PM

  • Gold Is The Final Refuge Against Universal Currency Debasement
  • Billionaire Steve Forbes Singles Out Australia As Light In Financial Crisis
  • Medvedev Seeks Hi-Tech Partnership In China
  • Japan Re-Engages Africa In Bid To Boost Global Relevance And Influence
  • U.S. Treasury Stumbles Selling Citi Shares
  • Like A Thief In The Night
  • Savers Told To Stop Moaning And Start Spending
  • Seafood Crisis

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Economy

Gold Is The Final Refuge Against Universal Currency Debasement (pinecarr)

States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since the 1930s.

Billionaire Steve Forbes Singles Out Australia As Light In Financial Crisis (pinecarr)

Australia was the perfect place for the world’s top business people to learn from the global financial crisis, Steve Forbes said today. As hundreds of tycoons, CEOs and capitalists began arriving in NSW’s capital city today for the annual Forbes Global CEO Conference, host Mr Forbes said: “From an outsider’s perspective, the finances of Australia have been excellent compared to the rest of the world.

Medvedev Seeks Hi-Tech Partnership In China (pinecarr)

Russian oil will be pumped to China by next year. President Dmitry Medvedev will take part in the opening of the new pipeline from Russia with Chinese leader Hu Jintao while visiting the country.

Japan Re-Engages Africa In Bid To Boost Global Relevance And Influence (pinecarr)

Japan sees bilateral assistance as a means to lock vital partnerships throughout the developing world in order to secure deeper commercial avenues for its expansive multinational corporations.

    Crash Course DVDJoin us in creating a future of True Prosperity – share the Crash Course today (NTSC or PAL)

U.S. Treasury Stumbles Selling Citi Shares (David B.)

“The sales of Citigroup stock have slowed way down in July and August … The US Treasury will not finish its share sale by … the end of the year,” said Linus Wilson, a professor of finance at the University of Louisiana. “The only option for the Treasury if it wants to exit Citigroup before the year-end seems to be to conduct a large secondary offering of the stake.”

Like A Thief In The Night (Davos The Narcissist)

To date, the crime syndicate has struck 3,800 times. At the bottom of this article you will find a partial list of the mob hits that have been made by the organized crime syndicate many refer to as: La Cosa Nos(Cen)tra(l) Banksters. The families of the diseased are large – entire nations. They made the unfortunate and common mistake of trusting their late, and once rich Uncle Currency with safeguarding the value stored in their life savings. Those that didn’t take out a life insurance plan suffered. Many, like the little children of Argentina, actually starved to death.

The modus operandi is identical in every case. The loot is taken first, the heist ends with a rub on the mark.

Savers Told To Stop Moaning And Start Spending (SolidSwede)

The typical savings rate has fallen from more than 2.8 per cent before the financial crisis to 0.23 per cent last month.

Mr Bean said he “fully sympathised”. But he continued: “Savers shouldn’t necessarily expect to be able to live just off their income in times when interest rates are low. It may make sense for them to eat into their capital a bit.”

Environment

Seafood Crisis (Jeff B.)

Too many hooks in the water. That’s the problem with today’s fisheries. Working from small pole-and-line boats to giant industrial trawlers, fishermen remove more than 170 billion pounds of wildlife a year from the seas. A new study suggests that our current appetite could soon lead to a worldwide fisheries collapse.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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