"We should do well to remember that, since time immemorial, gold has successfully acted as the ultimate extinguisher of debt — until it was forcibly removed from the international monetary system in 1971. Since 1971 governments have pretended that paying debt in U.S. dollars extinguished it, too. But in fact it did not. Debt was merely transferred from the debtor to the U.S. government and kept accumulating. Debt accumulation has a natural limit. This limit has now been reached." - Dr. Antal Fekete, What You Always Wanted to Know About Gold
The "RUN TO GOLD" has started...
Wall Street Journal patronizes trend toward taking possession of gold
As I have been telling you...they will print money till we run out of trees...
Ambrose Evans-Pritchard: Bernanke needs fresh money blitz as U.S. recovery falters
We are to the point of...print money or collapse...
Europe Spurns Obama's Plea for More Spending- CNN Money
The US Dollar Falls By Fall
Rise of the New Gold Rush
Niall Ferguson: Two year time horizon for US fiscal crisis
Bob Chapman: Fiat Money and Schemes Collapsing
Financial Overhaul 101: Protecting US Consumers
Battered Eurozone Vulnerable to Crisis
Gold's Good Times
Andrew H. spotted this piece over at Jesse’s Café Américain: Silver leaving the COMEX. Andrew asks: "[I]s there a reason why some of these well-heeled investors suddenly want their silver, and are either going in person to get it or arranging for armored car delivery? It makes one wonder what might be coming our way in the coming weeks."
The Associated Press: Canada's economy is suddenly the envy of the world
NIA Releases 2010 U.S. Inflation Report
Stocks Fall After New Housing Sales Drop 33%
Cost of Seizing Fannie and Freddie (financed properties) Surging
Oil Prices Slide As Stockpiles Build
Central Banks See Growing Reserve Role for Gold- Financial Times
I told you every country and every state will be bailed out...Where does the money come from? the printing press...and printing all that money will cause hyperinflation...period.
Feds Will Send More Mortgage Aid to Ailing States- USA Today
Bond Defaults Stalk Michigan as Home Prices Crash- Bloomberg
Home Sales Fall as End of Tax Credit Looms- Bloomberg
BEND OVER...
Middle-Class Tax Increase Is Broached- Wall Street Journal
Tax & Axe - Britain Unveils Emergency Budget- NY Times
BP Disaster Costs State Pensions $1.4B in Value- Bloomberg
Eurozone Banks Step Up Reliance on ECB- Wall Street Journal
Thursday, June 24, 2010
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