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.
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.
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.
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