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Eric Sprott has come to the defence of Mark Carney – Bank of Canada Governor after Carney’s run in with Jamie Dimon at a recent meeting. Sprott says Dimon won’t walk up to the Banking Crisis. See full article and letter here.

It’s pointless to even comment on this clip, just watch it…

Last week it seemed as if we were in backward world. If bad news came out that Europe was falling off a cliff, again, then gold and silver went down. The exact opposite of what should happen. In fact the worse the news the further gold decreased. On top of this, supply of physical gold [...]

It looks like adbuster and anonymous are getting into the protests in the occupywallstreet protests. Apparently over 80 people were arrested. Mainstream media seems to be taking a ‘move along, nothing to see here’ attitude to this. Link from fastcompany.com here. Article from the NY Times, here. A link from a local ABC outlet, here. [...]

So Greece, in an attempt to pull austerity from the future to the present, Greece has announce the impact. Surprise surprise, they went right after entitlements. If your pension is over $1200/month euros, the portion above $1200 will be cut by 20%. If your pension kicks in at 55 it’s cut by 40%. The minimum [...]

The mainstream media isn’t covering this and there aren’t a lot of people involved but those that are seem determined. Sept. 17th marked the start of what was advertised as The Occupy Wall Street protests. At present there are only a few hundred people involved but it will be interesting if this movement can be [...]

Yesterday it was announced on zerohedge that Seimens pulled $.5 billion Euro’s from an undisclosed French bank. Apparently back in late 2010 Seimens created a bank, question is why. Well now we know, they put the $.5 billion as well as $4-5 billion more is cash directly into the ECB since, now that they are [...]

Former British Prime Minister Gordon Brown provides some comments that appear much closer to the truth now that he’s out of office. “In 2008, governments could intervene to sort out the problems of banks, in 2011, banks have problems, but so too do governments.” See Bloomberg article here.

An interesting read from Ambrose Evan-Pritchard relating to recent comments/slips from Chinese officials on their desire to move more quickly away from US Treasuries. See full article here.

Don Coxe Update (Sept 9th, 2011) Swiss event will affect all sort of asset valuations, he did not see this coming. considered the Obama jobs speech very good (I beg to differ) he believes Obama’s jobs plan will more likely work out to $1 trillion instead of $450 billion. the Swiss franc move has removed [...]