[quote=hisah]Wow! You mean CMA has this much teeth...?!

CMA bans Njonjo, Muthoka, Kiereini from listed firms - http://www.capitalfm.co....eini-from-listed-firms/[/quote]

I doubt it. Expect some rush to the courts

@ murchr... Before someone runs to court he will think twice of the reformed judiciary

Slowly, the big man syndrome is fading away.

The Fuggers were a prominent group of German merchant bankers who rose to prominence after the fall of the Medici family. They bank-rolled the Spanish government of Charles V to the tune of 850,000 florins (about 95,625 oz(t) of gold) to procure his election as Holy Roman Emperor over Francis I of France. Corruption was endemic at the time and the Papacy was for sale to the highest bidder.

The Fuggers were ruined by the heir to the throne Philip II, who defaulted on Spanish sovereign debt in 1557, 1560, 1575, 1596, 1607, 1647, 1662, 1695 and 1697. Spain's expeditions in the Americas were the primary cause of bankruptcy as costs of sustaining her military overwhelmed the sovereign's tax income.

Leap forward to present day and Spain has its begging bowl to Germany, with reports pointing to a 300bn Euro bailout request. It seems as though we have come full circle because history rhymes and man's passions have not changed over centuries. At the onset of the European Debt Crisis, China very wisely absconded from buying Greek debt. Germany is caught between a rock and a hard place. Will they see to their ruin as the Fuggers?

Spain is in deep trouble and alarm bells are ringing behind the curtain.

"Hours after it was confirmed that unemployment in Spain had reached a new record high, it was claimed the country had raised the prospect of it securing a 300bn euro (£235bn) bailout.

The news agency Reuters, citing comments by a eurozone official, said the idea was floated by Spain at a meeting with German officials but it was dismissed by the Germans on the grounds that the European Stability Mechanism (ESM) bailout fund was not yet in place.

Spain moved quickly to stamp on the report.

A government spokeswoman said no such discussion had taken place and it "strongly denied any such plan".

But such a move would come as little surprise to the markets amid the country's dire debt crisis..."

Read more:

http://news.sky.com/stor...spanish-bailout-request

[quote=karanjakinuthia]The Banksters triumph once again.




http://www.ft.com/cms/s/..._referer=#axzz22nLYdF6i[/quote]

In short, buy silver as the fear creeps back into the market coz of the manipulators might

SNB’s Franc Defense Swells Reserves to 71% of GDP - http://www.bloomberg.com...cord-71-of-economy.html



If the euro goes kaboom, the swiss will hang their central banker!

This is what Wall Street’s terrifying robot invasion looks like.

http://www.kurzweilai.ne...obot-invasion-looks-like

Mother Nature has a weird sense of humour. She seems to favour the adage "when it rains, it pours". During the 1930s, the United States was faced with both a sovereign debt crisis that emanated from Europe and the Dust Bowl (see John Steinbeck's novel, "The Grapes of Wrath") that devastated agriculture from 1934. According to Herbert Hoover's Memoirs, the European Sovereign Debt Crisis extinguished the green shoots of recovery that had began to sprout in April of 1931 after the stock market crash of 1929.

Interestingly, capital fleeing the 1931 Sovereign Debt Crisis found cover in common stocks and commodities. Chicago Wheat staged a recovery from the Monday, 18 July 1932 low of US $0.445 per bushel to the high on Friday, 1 January 1937 of US $1.352. Seeing that the United States is facing the same headwinds from a European Sovereign Debt Crisis and a drought not witnessed in 100 plus years, it is safe to assume that capital flight will seek safe harbour in common stocks and commodities. The Chicago Wheat low price of US $5.6525 per bushel on 1 July 2011 is cyclically significant. We could see the price test US $17.1734 per bushel by 2015 or 2020.

"WASHINGTON - U.S. scientists say July was the hottest month ever recorded in the Lower 48 states, breaking a record set during the Dust Bowl of the 1930s. They say climate change is a factor.

And even less a surprise: The U.S. this year keeps setting records for weather extremes, based on the precise calculations that include drought, heavy rainfall, unusual temperatures, and storms.

The average temperature last month was 77.6 degrees (25 Celsius). That breaks the old record from July 1936 by 0.2 degree, according to the National Oceanic and Atmospheric Administration. Records go back to 1895..."

Read more: http://www.montrealgazet...tory.html#ixzz2329doxbs