STAFF NEWS & ANALYSIS
DB Briefs: World's Richest Man Buys More NY Times / Secret NYPD CIA Operations Publicized / Europe Secures Libya Oil / Time to Sell Your Gold?
By Staff News & Analysis - August 25, 2011

Slim Increases His Stake in NY Times … Mexican billionaire Carlos Slim Helu has increased his stake in the New York Times just weeks after the US newspaper group repaid the emergency $250m loan it took from Mr Slim in 2009. … Mr. Slim upped his stake from 6.9 per cent to 7.3 per cent through the purchase of 553,000 class A shares, according to a regulatory filing. – Financial Times

NYPD CIA Anti-Terror Operations Conducted In Secret For Years … Since the terrorist attacks of Sept. 11, 2001, the NYPD has become one of the country’s most aggressive domestic intelligence agencies. A months-long investigation by The Associated Press has revealed that the NYPD operates far outside its borders and targets ethnic communities in ways that would run afoul of civil liberties rules if practiced by the federal government. And it does so with unprecedented help from the CIA in a partnership that has blurred the bright line between foreign and domestic spying. – AP

France and Partners Prepare New Libya U.N. Resolution … French President Nicolas Sarkozy was due to meet Libyan rebel leader Mahmoud Jibril in Paris later in the day to discuss prospects for a political transition. They will hold a news conference afterwards. Sarkozy has also called a “Friends of Libya” conference to be held in Paris next week which could bring together as many as 30 foreign leaders and international organizations to help with reconstruction and the transition to democracy. – Reuters

Fools Gold: Some Gold Bulls Say Now’s Time to Cash In … Investors in droves have sought a refuge in bullion from a stock market meltdown, fears about sovereign debts in Europe and the United States and worries about a recession. Gold gained nearly 9% in the six sessions before Tuesday’s fall and is up by more than $400 since July. … Independent investor Dennis Gartman, who has long been bullish on gold priced in non-U.S. currencies, said he was reducing his long positions on gold in euros and sterling by a third on Tuesday and another third on Wednesday. – Fox Business

Slim Increases His Stake in NY Times

Mexican billionaire Carlos Slim Helu has increased his stake in the New York Times just weeks after the US newspaper group repaid the emergency $250m loan it took from Mr. Slim in 2009. … Mr. Slim upped his stake from 6.9 per cent to 7.3 per cent through the purchase of 553,000 class A shares, according to a regulatory filing. – Financial Times

Dominant Social Theme: Carlos Slim, the richest man in the world, likes the future for the New York Times and is bullish for the establishment and print media. This is certainly great news for Wall Street, Bernanke and maybe part of the reason for a stock market rally.

Free-Market Analysis: This small investment increase in the NY Times is pocket change for Carlos Slim. However, the timing is perfect for Ben Bernanke – who will be in Jackson Hole on Friday. Slim appears to be spending more time in New York these days and perhaps some future financial losses might just be the price for acceptance in the Big Apple. A much more significant financial investment made by Carlos Slim – one not covered by the establishment media – is in the South American nation of Colombia. You’ll learn more about this in an upcoming Colombia Report. If you haven’t yet requested your free report, click here now.


NYPD CIA Anti-Terror Operations Conducted In Secret For Years

Since the terrorist attacks of Sept. 11, 2001, the NYPD has become one of the country’s most aggressive domestic intelligence agencies. A months-long investigation by The Associated Press has revealed that the NYPD operates far outside its borders and targets ethnic communities in ways that would run afoul of civil liberties rules if practiced by the federal government. And it does so with unprecedented help from the CIA in a partnership that has blurred the bright line between foreign and domestic spying. … Neither the city council, which finances the department, nor the federal government, which contributes hundreds of millions of dollars each year, is told exactly what’s going on. … The department has dispatched teams of undercover officers, known as “rakers,” into minority neighborhoods as part of a human mapping program, according to officials directly involved in the program. They’ve monitored daily life in bookstores, bars, cafes and nightclubs. Police have also used informants, known as “mosque crawlers,” to monitor sermons, even when there’s no evidence of wrongdoing. NYPD officials have scrutinized imams and gathered intelligence on cab drivers and food cart vendors, jobs often done by Muslims. … Many of these operations were built with help from the CIA, which is prohibited from spying on Americans but was instrumental in transforming the NYPD’s intelligence unit. – AP

Dominant Social Theme: Whatever is going on is OK and far more important than archaic civil liberties and personal privacy issues because America must be defended from the terrorists who hate us because we are free.

Free-Market Analysis: The CIA is prohibited from domestic spying therefore they work out a deal with the NYPD to do the dirty work for them. There is a reason why secret illegal domestic spying is illegal for the CIA and the original intent was to prevent the United States from turning into a corrupt police state.

Well, it’s too late for that, but remember for-profit prisons are a big business with real lobbying power. What a business opportunity that will present when the people rise up and take to the streets against those who rule over America. Then all that CIA/police cooperation and on the job training will come in real handy.


France and Partners Prepare New Libya U.N. Resolution

French President Nicolas Sarkozy was due to meet Libyan rebel leader Mahmoud Jibril in Paris later in the day to discuss prospects for a political transition. They will hold a news conference afterwards. Sarkozy has also called a “Friends of Libya” conference to be held in Paris next week which could bring together as many as 30 foreign leaders and international organizations to help with reconstruction and the transition to democracy. “France wants to unite all the friends of Libya, in other words all the countries that have supported democratic forces in Libya, to help with the reconstruction of Libya and peace,” government spokeswoman Valerie Pecresse told a briefing. – Reuters

Dominant Social Theme: Of course, the “Friends of Libya” supporting the democratic forces are going to volunteer their expertise for the political transition and help with the reconstruction.

Free-Market Analysis: Sarkozy is quite good at multitasking as he has won the first French led war in almost a century, dispatched his main presidential rival to the history books and continued to excel at whatever presidents of France do with their spare time. Forget the help; the EU nations involved want to control the oil and make sure another middleman like Gaddafi doesn’t muddy up their political domination of European oil reserves in the future.


Fools Gold: Some Gold Bulls Say Now’s Time to Cash In

Investors in droves have sought a refuge in bullion from a stock market meltdown, fears about sovereign debts in Europe and the United States and worries about a recession. Gold gained nearly 9% in the six sessions before Tuesday’s fall and is up by more than $400 since July. … Independent investor Dennis Gartman, who has long been bullish on gold priced in non-U.S. currencies, said he was reducing his long positions on gold in euros and sterling by a third on Tuesday and another third on Wednesday. “Perhaps things have become a bit too frothy, and reduced rather than increased exposure seems reasonable and wise,” Gartman said. – Fox Business

Dominant Social Theme: We told you so. The crazy bull-market in gold is over, there will be no double-dip recession and the stock market is heading up.

Free-Market Analysis: With gold down over $100 an ounce on Wednesday, this Fox Business article is correct. It can be prudent to reduce positions and take profits as no investment goes up forever and there are always short-term corrections in bull markets. We believe the sudden stock market resurrection and gold price fall may have more to do with setting the stage for the Friday Bernanke speech than anything else.

Still, the enemies of gold and the limitations a gold standard can have on money creation by the Federal Reserve will mean the monetary elites and their propaganda experts in the financial media will be predicting the end of the bull market in gold. Most news coverage by the media elites will not be as responsible as this.

Frankly, gold has advanced far too quickly and a pullback is healthy. Traders should have liquidated and reduced positions a couple of days ago while long-term investors should use any downturn to cost-average their cost basis.

But hold most of your long-term gold positions and never forget “The Golden Rule” of investing: “He who has the gold makes the rules.”

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