LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

The writing is on the wall

[savyinvestor1]

In syrius....they basically stole any savings over $100,000....pure thievery by the government...

NOW...look at INDIA...You want your gold in physical form...no problem...but you have to pay for it....they are going to price it so high that many won't be able to get physical form gold...LET'S NOT FORGET THAT MORE GOLD HAS BEEN SOLD INTO THE GLOBAL MARKET THAN EXISTS....A HUNDRED TIMES OVER....Governments around the world are in a bad place because of greedy bankers.....remember when you were a kid...you would walk in with your bank book andenjoy watching the teller give you $6 in interest and your balance would grow monthly....now if your kid put $100 in the bank and came back 6 months later he would find that his account was not only closed but that he owes $20 because of banking fees....HER IS GOING TO BE THE NEXT FED CHAIRMAN IN THE UNITED STATES...Do you see anything changing?

Summers, the bankers' best friend

Summers, on the other hand, is safe and reliable, the bankers’ best friend in politics. From the bankers’ point of view, his record is perfect. Summers late 1990s' advocacy of financial deregulation is of course legendary. In the Obama years, he championed the bank bailouts while also fighting attempts to cap the bankers’ bonuses and to set limits on risky bank behavior, including Summers’ opposition to the Volcker rule to limit banks from trading on their own account.

Summers not only shot down proposals by Senator Dodd and others to limit Wall Street bonuses, but took an even more audacious stand: that the AIG unit that helped trigger the entire calamity by writing reckless credit default swaps should also get their mega-bonuses after the fact. Summers explained to a shocked nation that he did not want to “violate the contracts” of these employees, even as the world economy lay in ruins at their handiwork. Even Gordon Gekko would not have had such audacity.

When Summers left the Obama White House, he made a beeline back to Wall Street, just as he had done after leaving the Treasury in 2001. In a normal moral universe, a leading candidate for the Fed Chairmanship would hesitate to pass through the Washington-Wall Street revolving door so quickly and boldly, for fear of triggering public concerns about financial conflict of interest. Yet Summers quickly took up not just one Wall Street position but many, including with DE Shaw, Citigroup, NASDAQ, and other companies.