Bank of England injects 50 Billion British Pound into UK-Economy

Dear PGM Capital Blog readers, Today February 22nd 2012, the Bank of England published the minutes of their February 8 & 9 2012, Monetary Policy Meeting, which shows that members had considered increasing its quantitative easing programme by more than the 50 billion British Pound cash injection made earlier this month. Policymakers voted by seven to two[…]

Is the U.S.A. Debt Crisis a Paradox?

Dear PGM Capital Blog readers In accordance with the USA Debt Clock http://www.usdebtclock.org/ the USA has today, February 3rd 2012, a National Debt of approx. 15.3 Trillion USD. Based on its estimated nominal GDP of approx. 14.5 Trillion USD for 2011, the USA currently has a Debt to GDP ratio of over 100%. On top of this the USA has a budgetary deficit of approximately 10% and[…]

OGX Petroleo Starts First Oil Production At Waimea Field

Dear PGM Capital Blog readers, Brazil’s biggest private oil company, OGX Petroleo e Gas Participacoes SA (OTCBB: OGXPY; ISIN: US6708491088) says in a statement it began producing the oil Tuesday at the OGX-26HP well in the Campos Basin’s Waimea field off the coast of Rio de Janeiro The first barrel of OGX oil was extracted from the Waimea accumulation,[…]

The list of AAA rated Countries is getting shorter

Dear PGM Capital Blog readers, Last Friday, January 13th, credit rating agency Standard & Poor, downgraded 7 European countries for which France & Austria lost their AAA credit rating. Moody’s also downgraded the US State of Illinois to A2, the lowest rating of any USA state. We believe that within 6 – 18 months the United Kingdom will[…]

Debt Collapse by Mike Maloney

Dear PGM Capital Blog readers, we believe that the year 2011 that came to an end approx. 10 days ago will go into history as the year of the big lie, a year in which you were led to believe that the safest asset on earth is the US-Treasury Bond. The media lying to investors is nothing new. If we go back 12 years we see[…]

Was 2011 a Year to Forget, and will 2012 become a Year to Remember?

Dear PGM Capital Blog readers, first of all we want to wish you a Happy Holiday and a very prosperous 2012. I think that most of you are happy that the year 2011, which will go into history as one of the most volatile and non-realistic markets dominated by fear, has come to an end.[…]