There’s a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post.
A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc.
There’s also an interesting section about gold.
Q: What is your view on gold?
A: That’s a complicated question. It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing [...]
Rome (CNN) – The new pope gave an insight into his choice of the name Francis in an audience with journalists Saturday — his first meeting with the media since he was chosen as leader of the Roman Catholic Church three days ago.
Francis, who before he became pope was known as Cardinal Jorge Bergoglio, said a fellow cardinal from Brazil had told him “don’t forget the poor” as the votes stacked [...]
GOOAAALLL! Obese fans score special fat seats for 2014 World Cup in Brazil
Read more: http://www.washingtontimes.com…gooaaalll-obese-fans-score-special-seats-2014-worl/
Federal Brazilian police and military personnel, some wearing United Nations insignia, are forcibly relocating whole communities in Brazil at gunpoint under the guise of returning huge tracts of land to a small group of Indians whose ancestors were allegedly there at some point. Thousands of local residents who have lived in the area for decades or were even born there, however, are fighting back, with critics saying the government’s actions [...]
HOUSTON (FOX 26) -
A woman who boarded an American Airlines flight bound for Dallas-Fort Worth from Brazil was pronounced dead on the plane.
Flight 962 from Sao Paulo to Dallas/Fort Worth International Airport was diverted to Bush Intercontinental Airport in Houston after 6:30 a.m. Wednesday when a medical emergency was reported inside the Boeing 777 aircraft.
Read more: http://www.myfoxdfw.com…woman-dies-on-brazil-texas-airline-flight#ixzz2GreWrAlq
traderdannorcini.blogspot.ca / By Trader Dan / December 19, 2012
Reports coming out of the IMF indicate that Brazil has DOUBLED its holdings of gold since the end of August of this year. It is now officially holding 2.18 million ounces compared to 1.08 million ounces at the end of August. IMF data reveals that Brazil purchased 472,000 ounces in November.
Also, the World Gold Council is reporting that it expects official sector gold [...]
Besides a gunban, the world needs a junkfoodban!!!
Its a worldwide problem!!
The Whoppers and Big Macs are everywhere!!
OBESE TOP 15 Countries in the World 2012
Brazil hit by obesity epidemic
Remember the Giant Spaceship that Sucked Energy off the Sun in March?
A Brazilian Observatory says they are friends of 47 different alien races, and these races were not sucking energy off the sun, but were putting chemicals INTO the sun to help us.
And they will Visit Again Dec 17, 1.15 Brazil time.
Now, I like ETs – when they are good ones. But I am not sure I trust these guys. [...]
20-year-old Brazilian student has sold her virginity in an online auction to a Japanese man named Natsu for £483,000 ($772,000).
Catarina Migliorini’s virginity was bid on by 15 people, with Lucas Zaiden placing the starting bid of $1 on 7 October on the website Virgins Wanted.
The auction was organised by Jason Sisely, an Australian filmmaker, who started work on the Virgins Wanted project in 2009.
A man, 21-year-old Alex Stepanov from Sydney, [...]
Community of 50 men, 50 women and 70 children from Guarani-kaiowa tribe are camped inside a ranch in Brazil’s southern state of Mato Grosso do Sul
Indians claim land has been the graveyard of their ancestors for centuries
Spokesman said they would rather die on the land than be made to leave
A entire tribe of 170 Indians have vowed to commit mass suicide after a court in Brazil ruled they must leave [...]
Prince Turki Al Faisal Al Saud, a member of the Saudi Arabia royal family, spoke to journalists at the Global Economic Symposium in Brazil, explaining how he hopes the country will make the transition during his life time – he is now 67.
From FinViz, here’s the Euro vs. the dollar:
It’s not totally clear what’s behind the move, but a WSJ report about how Greek creditors were at “loggerheads” may be a culprit.
It could be something else. Spanish yields are also notably higher on the day.
As noted earlier, the drop in the euro is part of a broader “risk off” move.
According to the article, China is recasting all of their gold reserves into small one kilo [...]
Do they know that the drought will linger for years and are making OTHER plans??
With soy prices soaring and a lingering drought in the US, farmers like Corzine are looking at places like Brazil to add new land. But they are facing new challenges, as Brazil debates restricting the amount of farmland foreigners can purchase.
In August 2010, Brazil’s attorney general issued a re-interpretation of a 1971 law – which was [...]
Brazilian Finance Minister Mantega has just blasted the Fed’s QE3 policy for setting off “Currency Wars”.
What he means by this is: The Fed has prompted every country to attempt to weaken the value of their currencies in order to boost exports.
The reason Mantega is furious about this is that he believes it dangerously boosts inflation, especially in emerging markets like his, Brazil.
He’s made this charge before: In August 2010, the last time [...]
Today a legend in the business told King World News, “They only way they can stop this now is by shutting the door and bringing out a new currency.” Keith Barron, who consults with major gold companies around the world, and is responsible for one of the largest gold discoveries in the last quarter century, also said, “The whole world is in an incredible slump.”
Here is what he had to [...]
SAO PAULO–The outlook for global growth isn’t very favorable, and developed world countries are likely to experience low growth for several years, Brazil’s finance minister, Guido Mantega, said at an event on Friday.
“The impression I have is that advanced countries won’t get out of this crisis very soon. They will continue with low growth for several years,” Mr. Mantega said.
Europe’s policies are “always behind in [...]
Coffee skyrockets as weather affects crops
The price of coffee is skyrocketing on speculation that Colombia’s harvest will be smaller than expected for the fourth straight year.
Coffee for December delivery jumped 10.6 cents, or 6.5 percent, to finish at $1.7365 per pound. That’s the highest level since early August.
Although Brazil’s coffee crop appears headed toward a robust harvest, Colombia’s crop was hampered by heavy rainfall that caused delays earlier in the [...]
According to an article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new gold-backed currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.
There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to [...]
Here’s what you need to know.
At 10:30 p.m. ET on Wednesday, HSBC reports its China Flash Manufacturing PMI numbers. The prior reading on the index was 49.3, indicating a slight contraction in manufacturing.
At 2:00 a.m. Thursday, Germany reports GDP, which economists expect grew at 0.3 percent annualized rate in the second quarter.
At 3:00 a.m. France reports its PMI numbers, and economists are looking for a 43.7 reading on the manufacturing index and a 50 reading on [...]
Brazilian President Dilma Rousseff is set to unveil a R$133bn ($65.6bn)stimulus and investment package on Wednesday in an effort shore up …
Brazil’s labour market defies slowdown
beyondbrics Brazil economy
Tax breaks boost Brazilian car production
Brazil After the carnival
Special reports Investing in Brazil 2012
It has been a popular tipple for centuries, but now the number of people around the world fancying a frothy beer has reached a new high.
A report has found that in 2011 the quantity of beer consumed around the globe increased for the 27th consecutive year.
For the tenth year running it was China that showed the greatest thirst for the alcoholic drink, making up a quarter of the world’s annual [...]
This event has been reviewed by a seismologist.
Thursday, August 02, 2012 at 09:38:31 UTC
Thursday, August 02, 2012 at 04:38:31 AM at epicenter
Time of Earthquake in other Time Zones
143.3 km (89.0 miles)
34 km (21 miles) E of Pucallpa, Peru
143 km (88 miles) SE of Contamana, Peru
191 km (118 miles) WSW of Cruzeiro Do Sul, Brazil
219 km (136 miles) ENE of Tingo Maria, Peru
horizontal +/- 15.3 km (9.5 miles); depth +/- 8.9 [...]
Forgive us if this puts you off your dinner because, as snakes go, this is not much of a charmer.
The unique creature, atretochoana eiselti, was found after engineers drained a hydroelectric dam which spans a river connected to the Amazon.
Biologists discovered six of the unusual-looking creatures – each about a metre long – at the bottom of the river-bed on the Madeira river in Rondonia, in Brazil.
The creatures were discovered in [...]
Brazilian bank workers will request a salary increase of 10.25 percent from the country’s banking federation, known as Febraban, on Aug. 1, according to Cecilia Negrao, a spokeswoman for Brazil’s bank workers’ union.
This is equivalent to a real salary increase of 5 percent, the union said in an e-mailed statement.
The workers will also ask for better working conditions, according to the statement.
To contact the reporter on this story: Karen Eeuwens in [...]
WASHINGTON (AP) — The global economy is in the worst shape since the dark days of 2009.
Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil — are in no position to come to the rescue. They’re slowing, too.
The lengthening shadow over the world’s economy illustrates one of the [...]
People across the world are falling so far short on exercise that the problem has become a global pandemic, causing nearly a tenth of deaths worldwide and killing roughly as many people as smoking, researchers warned this week as an alarming series of studies was published in the Lancet.
Eight out of 10 youngsters age 13 to 15 don’t get enough exercise, according to one of the Lancet studies released Tuesday, [...]
24/7 Wall St. performed a detailed analysis of the 10 most plentiful and valuable natural resources on earth. Using estimates of each country’s total reserves and the market value of these resources, we determined the 10 countries that have the most valuable supplies of natural resources.
Read more: The World’s Most Resource-Rich Countries – 24/7 Wall St.
From Bruce Krasting:
I had an e-mail exchange with an old fried who now works for a large macro hedge fund up in Greenwich.
The broad topic was the very long list of signs that the global economy is hitting the skids. He had this to say:
… certainly does not point to robust job growth… manufacturing activity globally really falling sharply.. think weakness in Europe spilling over to those who export to [...]
Bruce Krasting, My Take On Financial Events
I had an e-mail exchange with an old fried who now works for a large macro hedge fund up in Greenwich. The broad topic was the very long list of signs that the global economy is hitting the skids. He had this to say:
…certainly does not point to robust job growth…manufacturing activity globally really falling sharply..think weakness in Europe spilling over to those who export [...]