World facing worst financial crisis in history, Bank of England Governor says - Telegraph

World facing worst financial crisis in history, Bank of England Governor says - Telegraph: The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.

California’s Governor to choose Wall Street or Main Street with public bank bill - National Nonpartisan | Examiner.com

California’s Governor to choose Wall Street or Main Street with public bank bill - National Nonpartisan | Examiner.com: North Dakota, the one state that currently has its own bank, is the only state to be in continuous budget surplus since the banking crisis began. North Dakota’s balance sheet is so strong that it recently reduced individual income taxes and property taxes by a combined $400 million and is debating further cuts. It also has the lowest unemployment rate, lowest foreclosure rate and lowest credit card default rate in the country, and it hasn’t had a bank failure in at least the last decade.

Bullion Vaults Run Out of Space on Gold Rally - Bloomberg

Bullion Vaults Run Out of Space on Gold Rally - Bloomberg: Deep in the 7.4-acre Singapore FreePort next to Changi International Airport’s runways is the bullion vault of Swiss Precious Metals, behind seven-metric-ton steel doors built to survive a plane crash or earthquake.

U.S. Mint Suspends all Numismatic (Eagles) Gold Coins as of August 22 2011! Proves no physical gold to be had? No Silver Eagles Available either. | Philosophers stone

U.S. Mint Suspends all Numismatic (Eagles) Gold Coins as of August 22 2011! Proves no physical gold to be had? No Silver Eagles Available either. | Philosophers stone

Chavez to nationalize Venezuelan gold industry | Reuters

Chavez to nationalize Venezuelan gold industry | Reuters: Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.

Kitco moves into creditor protection

Kitco moves into creditor protection: "Faced with tax claims of more than $300 million from Revenu Quebec, embattled Montreal-based gold trader Kitco Metals Inc. now is officially in creditor protection, until July 27."

The Canadian Dollar is No Haven from a US Dollar Collapse

The Canadian Dollar is No Haven from a US Dollar Collapse: "There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:

The Canadian economy is very tied to the US economy
The Canadian Government is intent on devaluing the Canadian dollar alongside the US
The Bank of Canada has virtually no gold backing the Canadian dollar
All that does back the Canadian dollar is the US dollar and other fiat currencies
The Canadian dollar is not used globally"