Thursday, June 24, 2010

"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

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