dimanche 27 décembre 2009

Fairfield County Weekly: News - We're Screwed!

Fairfield County Weekly: News - We're Screwed!: "ShadowStats.com founder John Williams explains the risk of hyperinflation. Worst-case scenario? Rioting in the streets and devolution to a bartering system."

GOLD IS NOT GOING UP – PAPER MONEY IS GOING DOWN

GOLD IS NOT GOING UP – PAPER MONEY IS GOING DOWN: "This month we will discuss the illusion of gold going up. We will examine the destiny of the dollar and why it will reach its intrinsic value of zero. We will also demonstrate why money printing will accelerate rapidly in the next 12-24 months."

samedi 26 décembre 2009

UN to produce bullion coins as world currency - Dprogram.net

UN to produce bullion coins as world currency - Dprogram.net: "The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit."

samedi 19 décembre 2009

Regulators Shut Down Banks In 6 States - Detroit Local News Story - WDIV Detroit

Regulators Shut Down Banks In 6 States - Detroit Local News Story - WDIV Detroit: "WASHINGTON -- Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults."

mardi 15 décembre 2009

Gold Buying by Central Banks Signals Sell as Past Haunts Future - Bloomberg.com

Gold Buying by Central Banks Signals Sell as Past Haunts Future - Bloomberg.com: "The banks will buy 13.8 million ounces (429 metric tons) this year, worth $15.5 billion, for the first net expansion in reserves since 1988, New York-based researcher CPM Group estimates."

Gold holds steady as inflation jumps, dollar rises - BusinessWeek

Gold holds steady as inflation jumps, dollar rises - BusinessWeek: "A jump in inflation is supporting gold prices, partly offsetting the negative impact of a stronger dollar."

dimanche 13 décembre 2009

Drug money saved banks in global crisis, claims UN advisor | World news | The Observer

Drug money saved banks in global crisis, claims UN advisor | World news | The Observer: "Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer."

mercredi 9 décembre 2009

Ex-Fed chief Paul Volcker's 'telling' words on derivatives industry - Telegraph

Ex-Fed chief Paul Volcker's 'telling' words on derivatives industry - Telegraph: "The former US Federal Reserve chairman told an audience that included some of the world's most senior financiers that their industry's 'single most important' contribution in the last 25 years has been automatic telling machines, which he said had at least proved 'useful'."

dimanche 6 décembre 2009

17 million Americans have no bank account - Dec. 2, 2009

17 million Americans have no bank account - Dec. 2, 2009: "NEW YORK (CNNMoney.com) -- New York State is known as the nation's financial capital, yet nearly one in 10 of its residents do not have a checking or savings account.

And while Texas is densely populated with banks, nearly a quarter of households in the Dallas-Forth Worth area have gone to a pawn shop or check cashing company recently to carry out a simple financial transaction."

samedi 5 décembre 2009

Nov 18, 2009 Gold is getting frothy Bob Moriarty 321gold ...s

Nov 18, 2009 Gold is getting frothy Bob Moriarty 321gold ...s: "OTC derivates were up to the incredible amount of $27 trillion. That number should have been alarming to anyone thinking about it. The GDP of the world was under $50 trillion. How could you have unregulated financial bets almost half of the value of the goods and services produced yearly in the world?"