All these issues are valid and worth of health public debate. Who hasn’t heard the rhetoric about trade imbalances being the fault of the Chinese and their reluctance to allow their currency to ‘strengthen’ against its U.S. So, in a financial sense, what is it that really ails us? The usual suspects folks routinely hear runs the gamut from burgeoning health care costs to profligate government spending/deficits to credit default swaps to high frequency trading to claims that interest rates were left too low for too long. Treating Symptoms, Ignoring the Root Cause Anyone who reads a newspaper, speaks with their family or associates or has tuned into mainstream financial television over the past 3 years is acutely aware that “things” are not right. The answer I got back from my associates was “show us a terms sheet, we definitely have interest”. I asked them if they would be interested in purchasing an “option” – cash up front - for the exclusive rights first right of refusal on off-take of a gold producer miner for a set number of ounces for 3 – 5 years “at the market” – using LBMA pricing a.m. Important News Re: Physical Bullion A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS tonnage PRECIOUS METALS procurement – physical metal only – let’s just say HUGE money. THE FEDERAL RESERVE is SELLING PAPER GOLD and BUYING PHYSICAL GOLD the good ole ‘American way’ – through proxies A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS tonnage PRECIOUS METALS procurement – physical metal only – let’s just say HUGE money. National Security could be “legally” excused from reporting their true financial condition. Morgan and others that are deemed to be integral to U.S. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye.” What this means folks, if institutions like J.P. Bush has bestowed on his then intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations.
Is the Saudi Arabia of gold.” The Private Federal Reserve: Connecting Dots First reported by Dawn Kopecki back in 2006 when she reported in BusinessWeek Online in a piece titled, “President George W.
He is Senior Managing Director at Omnis, Inc., a consulting firm in McLean, VA and is the leading practitioner at the intersection of global capital markets and national security. Rickards is a writer, lawyer and economist with over 30 years experience in global capital markets. Rickards regarding present and future developments in the gold market. At ““, Eric King published today an interview with James G. Here are a few highlights of the latest Jim Rickards interview at: Jim Rickards lays out a plan to commandeer Germany’s and all foreign depositors of sovereign gold at the New York Fed as currency wars heat up and the ‘nuclear option’ of hoarding and raising the price of Gold is contemplated by an embattled Fed as a way to force down the exchange value of the US dollar. In case you forget who Jim Rickards is – he was the legal counsel for failed Long Term Capital Management Inc. In particular he has been portrayed as an expert on a variety of matters and specifically in the gold market. Gold Market Illusion, Confusion and Conclusion Over the past year, Jim Rickards has been promoted as a high profile personality on both internet and television business media. Derivatives can be based on different types of assets such as commodities, equities (stocks), residential mortgages, commercial real estate loans, bonds, interest rates, exchange rates, or indices (such as a stock market index, consumer price index (CPI) - see inflation derivatives - or even an index of weather conditions, or other derivatives).Ĭredit derivatives have become an increasingly large part of the derivative market. The diverse range of potential underlying assets and pay-off alternatives leads to a wide range of derivatives contracts available to be traded in the market. The main use of derivatives is to reduce risk for one party. The main types of derivatives are futures, forwards, options and swaps. Derivatives are financial instruments whose values depend on the value of other underlying financial instruments.