Thursday, August 18, 2016

Ambrose Evans-Pritchard: Excess debt must go via inflation or default

August 13, 2012 by · Leave a Comment 

GATA Five Years On, the Great Recession Is Turning into a Life Sentence By Ambrose Evans-Pritchard The Telegraph, London Sunday, August 12, 2012 http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/947101… Five years into the Long Slump it almost seems as if we back to square one. China is sufficiently alarmed by the flint hardness of its “soft landing” to talk up [...]

Paying Down Debt

April 19, 2011 by · Leave a Comment 

By Captain Hook, Treasure Chests We’re not there yet, but it’s getting closer and closer. To what do we refer? Paying the tab for all the reckless spending by our governments and bureaucracies of course, because the day of reckoning in this regard is indeed getting closer and closer by the second based on exploding debt levels both [...]

Someone Must Lose If Debt Is Forgiven

November 1, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Solving the world’s debt problem dominated the discussion in the Rick’s Picks forum over the weekend, with the final word going to “Jill,” who congratulated the group for “putting on their thinking caps and devising some kind of solution rather than just abandoning all hope.”  From where we’re sitting, however, it is only [...]

Two Modest Proposals to Rid Us of Debt

June 28, 2010 by · Leave a Comment 

By Rick Ackerman, Rick’s Picks Today and tomorrow, we will present two radical proposals for dealing with debt. The first, argued below by Ben Rosita, a frequent contributor to the Rick’s Picks forum, would redistribute America’s official store of gold bullion to all who are owed on behalf of all who owe.  The second, from another forum [...]

Debt paydown still top priority for Teck

October 30, 2009 by · Leave a Comment 

Vancouver-based Teck Cominco may find itself sitting a lot more comfortably than was the case six months or so, but CEO Don Lindsay made it clear on Thursday that he won’t be happy until the company’s term loan is paid down and it once again merits investment-grade ratings. One year ago, Teck borrowed $9,8-billion to [...]

Rio Tinto to double capex spending next year to at least $5bn

October 30, 2009 by · Leave a Comment 

The group said the decision was taken after seeing signs of economic recovery and a decrease in its debt levels Read more….

Some Ironic Possibilities for the British Pound

October 29, 2009 by · Leave a Comment 

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

October 29, 2009 by · Leave a Comment 

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Borrowin’ and Sorrowin’

October 26, 2009 by · Leave a Comment 

Bullion Vault "He who goes a-borrowing, goes a-sorrowing…" Read more….

Mining ‘wall of debt’ severely constraining global supply growth prospects

October 26, 2009 by · Leave a Comment 

The severe debt position faced by the world’s biggest mining companies will have an adverse impact on future supply growth and hence could lead to sharply higher commodity prices. Read more….

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