The story that's GATA be told
Ted Butler: Mum's the word on silver
Jim Rickards: How the world likely will get back to gold
The soaring prices of gold and silver have been making lots of headlines,
A preview for other States? Nearly Bankrupt Illinois Forced to Pay Through The Nose to Borrow Money.
Gold's Rise is "a Sign of Anxiety," Not Inflation, ECRI's Achuthan Says. "This next decade is going to be much more volatile..."
Economy May Never Recover from Banking Crisis, Warns OBR
14 Reasons Why The US Government Will Never Have a Balanced Budget Again
Russia to Buy Canadian, Aussie Dollars for First Time Ever
Stocks Extend Gains as China Eases Currency Policy
More Borrowers Exit Obama Mortgage Help Plan
Gas Prices Going Back Up
Florida: Brazen home-invasion robberies stir Jupiter Farms residents to action
New York Post article: $7-a-gallon gas?
last week all of Intuit's online services went down for several days. This sent much of the company's critical accounting system, payroll and credit card business into cloudy limbo. Intuit's President sent out this apology. David comments: "This was reportedly caused by a power failure that cascaded. But no one is talking about where or how a massively redundant distributed, multi-locational system went down from a single outage."
CA License Plates Would Flash Ads in Revenue Bid- USA Today
Housing Subsidies Promote Unfairness, Bailouts- USA Today
Gold's Little Brother Silver Heads to $23- BusinessWeek
Loonie & Aussie Dollar Gaining Reserve Status- Financial Post
China Close to Catching US in Manufacturing- CNN Money
Jim Sinclair’s Commentary
If you wish to make one great step for mankind then apply this globally to OTC derivatives.
China executes securities trader over $9.52m fraud By Joe Fay
Chinese authorities have executed a securities trader found guilty of embezzlement to the tune of $9.52m.
However, the whereabouts of the siphoned-off cash is still unknown, Reuters reports – and presumably it will never now be recovered.
Yang Yanming received the death sentence back in 2005 for embezzlement while he was general manager of trading at China Great Wall Trust and Investment Corp, which later became Galaxy Securities.
"Preserve your moral integrity and don’t set too much store by business results," Yang told a newspaper just before his execution.
China takes a very harsh line on criminality, although this is the first execution carried out on an erstwhile member of the financial classes.
China carries out more executions every year than any other country, with either the gun or lethal injection used.
More…
Monday, June 21, 2010
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