9th April 2015 Economy & US gov.; Intrinsic market aspects & gold

The agenda presented by the club secretary Mr. D. Brooke
Subjects presented in order

Introduction

1. Recorded Introduction:
Link to alternative site for immediate play [ASC Audio_14 04/15]


Don's Introduction: the bit tacked on at the end a file on foreign money entering Australia, this a very brief dialogue while waiting for the info. to be screened. The issue again -- foreign money -- as a file tacked on at the beginning 712_0116-0117* found at conclusion of this record of the club's gathering.

Audio_14 04/15

Present 1.


Reporters " ... discuss the publicly-listed companies eating themselves through stock buybacks and what this means for a monetary policy which encourages it in our new financialized era, in which corporations borrow not to invest but to take money out of the company. In the second half, (host) interviews precious metals expert ... about the latest in the gold market - including the various lawsuits against manipulators of the market and the accumulation of reserves and introduction of a price-fix in China." [Courtesy RT.com]

Present 2. A repeat of last month's Present 2.

Link to alternative site for immediate play of discussion following. 

712_0113 04/15

Present 3.

A report where the reporter compares aspects of the US economy first quarter 2015. The two criticisms 1) The amount of borrowing and spending by the Congress AND; 2) The low interest rate policy of the FED. These actions are indicative of a "bubble" scenario and indices when compared with the start of GFC 2008 bear-out(sic) this position. Thereafter the past chairman of the FED Allan Greenspan (Economist) is rhetorically questioned, his writing in an earlier essay " " now contradicted (by the author). According to the reporter who sees the current position as Greenspan"s essay on the Great Depression: A case of a economic "Bubble" burst. Watch out, if the American dollar weakens prices rise, inflation follows and the failure of the FED to act with a interest rate rise.    

Present 4.

In this Report: " ... discuss how even ‘very serious people’ are acknowledging that Quantitative Easing (QE) will “permanently impair living standards for generations to come.” In the second half, ... continues his interview (from episode ...) with Swiss banker and gold expert, ... of GoldSwitzerland.com about QE, gold and the economic and financial disasters wrought by central banks." [Courtesy RT.com]

Links to alternative site for immediate play of discussion following.

712_0116-0117 04/15

Also (see * above), at the conclusion of 712_0116_0117 a discussion between Don and Victor regarding the affect of government increasing the price of gold to pay down debt. Both are correct,  Don's scenario wants further elaboration to determine what action a government would take.  Guess, invariably governments would do what's right for their treasury.  Inflate the currency should raise more money so to budget; primarily social welfare in Australia is the major budgeted allocation and Centrelink (Australia).

CONCLUSION with a vote of thanks for the secretary evenings events.

12th March 2015 Swiss franc "un-peg", TPP, Canada Bank & gov., Monsanto, & Employment rout

The agenda presented by the club secretary Mr. D. Brooke
Subjects presented in order

Introduction

1. Recorded Introduction:
Link to alternative site for immediate play [ASC Audio_13 03/15]

Don's Introduction -- incl. reference to a short interview clip: Prince Bandar on corruption.  

Audio_13 03/15

Present 1.

This weekly information selected by Don originally aired January.  We learnt of the Swiss Central Bank unilaterally declaring their franc immediately would be detached ("un-pegged") from the International Exchange Market.  This would effect other European banks, their consideration of QE; immediately had disastrous affect on Forex player and participants "short positioned" holding Swiss francs.  Then there was a questioning of what China similarly could do, what affects this could have on America. Affects of currency wars and inflation, pricing and quality of living. Concluding with advise on avoiding error when actively participating in Forex contract exchanges. 

Thinking about the "present" how come Swiss-land can "un-peg"(?)  The best I could come up with: those who make the rules -- Basel 1, 11, 111 and IV -- like governments, can exempt and exclude; apparently in the case of "un-peg" the Swiss have special privilege.

Links to alternative site for immediate play of discussion following.

712_0108 03/15

Present 2. 

1.  Trans-Pacific Partnership (TPP):  The extension of copy right on "so called" intellectual creations.  Intended to bring the Pacific region incl. Australia "into line" with America's 100 year prohibition on freedom to use, exhibit or screen etc. material (printed, visual and recorded).  What understood would be legislated in signature countries to benefit financially corporations and associated entities in the entertainment industry.  Those who have created over time an insatiable demand for their product(s).  Now intend to extract from their addicted consumers dollars, in many cases from people what they can ill-afford.  The "economics" -- as comprehended from the present -- as a justification for the TPP initiative was questioned by the presenter.  A candid impression of what this industry offers -- in keeping with the "economics" -- seems it's not subject to supply/demand, and over pricing throughout the various modes to final distribution. What hope for consumers does the future hold should this be the case, i.e., after "partners" sign off on the TPP agreement(?)

2.  Discussion between host and guest concerning statutory obligation on government regarding the Bank of Canada.  The B of C nowadays operates similarly to the FRB (central bank of America) established independently of government.  Not so the B of C which is a public utility and was mandated to provide governments (federal and provincial) with interest free money, since 1974 we were told this has not been the case. As at 2015 there's a interest burden of 20 billion (presumed Canadian dollars), borne by Canadians. A court case running may resolve this matter in the future.

3.  The last sample elaborated in the present directed at Monsanto and GMF.  A phrase "proxy access" now added to the jargon of corporate terminology.  Interested consumers want representation when determinations of companies/corporations affecting the general population. The Monsanto concern reported in February 2015.

Tit bits of interest to club members followed:

• The guest's "right field" comment regarding ISIS and the Democrat government in America.  As if to say, he disagrees with the stand the government is taking.
• "Your Samsung Smart TV Is Spying on You, Basically ..." [ Ed. Certainly more to learn about this.]   

Links to alternative site for immediate play of discussion following.

712_0109 03/15 Present 3.


A contribution from National Television Australia, "Four Corners" believed aired  09/03/2015.  From recollection -- Don, failed to provide link -- the subject of this current event program: Irregularities in government farm out of unemployment bureaus. These private operated companies are subsidized, in-house documentation questioned as to authenticity of (some) operators.  A suggestion of tampering alleged supported by random clients.  [Ed. A weekly  program of 45 minutes from the National (government) broadcaster].

Links to alternative site for immediate play of discussion following.
           
712_0110 03/15
CONCLUSION with a vote of thanks for the secretary evenings events.