Posts by "montmorency"

And the government is thinking of appointing former CEO of BP, Lord Browne, as a sort of "super director" to advise on business. He was not exactly an uncontroversial figure, even before BP's recent problems.
http://www.ft.com/cms/s/0/2f02e9f4-71a2-11df-8eec-00144feabdc0.html

Talking about the US Treasury being out of silver, a recentish ZH article was questioning whether the IMF itself was actually solvent, and some of the comments questioned whether they actually had any of their own gold, for example. If the credibility of the IMF were ever to be seriously questioned, wouldn't that mean that we were all essentially screwed, if we are not already?
http://www.zerohedge.com/article/got-gold-head-imf-policy-steering-committee-says-fund-needs-320-billion-be-properly-resource

It is not as though Germany has no debt though.


According to this:
http://news.bbc.co.uk/1/hi/business/10150007.stm

Germany's debt as a percentage of GDP is actually greater than that of the UK or Ireland, for example.

"One of the main causes of the currency crisis in the eurozone is that virtually all countries involved have breached their own self-imposed rules. "

Cable and AUD/USD also bounced, so perhaps it's USD weakness rather than Euro resilience at this point.

There's all the panicking you need right here:
http://www.zerohedge.com/article/gold-10000

Gold, water, knives, even coke :)
No change there then.