Archive for November 2nd, 2011

Washington’s Blog November 2, 2011 Iceland Told the Banks to Pound Sand … And Thereby Saved Its Economy Iceland told the banks to pound sand. And Iceland’s economy is doing much better than virtually all of the country’s who have let the banks push them around. Barry Ritholtz noted in May: Rather than bailout... »

From GoldCore ZeroHedge.Com 11/02/2011 Gold is higher in most major currencies but especially the US dollar this morning. Although gold has lost some of its early gains in Europe as the euro and equity indices have stabilized. The shock and uncertainty regarding Prime Minister George Papandreou call for a referendum on a European Union... »

Greece’s startling decision to call a referendum on last week’s EU summit deal has set off wild tremors across the eurozone, pushing Italy to the brink of a perilous downward spiral. By Ambrose Evans-Pritchard TelegraphUK 01 Nov 2011 The country’s ruling Pasok party appeared to be splintering on Tuesdsay night, leaving it unclear whether... »

EconomicCollapseBlog.com The debt crisis in Europe just seems to get worse with each passing day, and it is yet another glaring example of why the EU is a mind blowing failure. The EU is made up of 27 nations that all have their own economic policies, and 17 of those nations are trying to... »

France and Germany battle to save the single currency as Europe is plunged back into turmoil days after rescue deal Phillip Inman, and Helena Smith in Athens GuardianUK Tuesday 1 November 2011 The French president Nicolas Sarkozy and German chancellor Angela Merkel will hold emergency talks on Wednesday in a desperate attempt to hold... »

As governments continue to perpetuate the chaos that is already occurring in the currency markets, the advice is make sure you own some gold – the oldest form of sound money. David Levenstein MineWeb.com The price of gold pushed through and held above the key resistance level of $1700 an ounce last week, as... »

Michael T. Snyder SeekingAlpha.com November 1, 2011 Do you hear that sound? It is the sound of Europe being hit with a cold dose of financial reality. The air has been let out of the balloon, and investors all over the world are realizing that absolutely nothing has been solved in Europe. The solutions... »

by Dr. Sherri Tenpenny LewRockwell.com From Maine to Maui, Vancouver to Miami, autism rates across North America are soaring. As of February, 2010, there are an estimated 300,000 severely autistic children in this country – requiring nearly $9billion per year in services. Then numbers in Canada are equally staggering. Considering the country’s much smaller... »

‘Repeal’ of Glass-Steagall Irrelevant to Financial Crisis by Thomas E. Woods, Jr. LewRockwell.com Although we’ve heard a great deal about how “deregulation” caused the financial crisis, specific cases of repealed legislation that would have prevented it are few and far between. The one some progressives seem to have settled on is the “repeal” of... »

by Ron Paul LewRockwell.com It is not too often I am pleased by the foreign policy announcements from this administration, but last week’s announcement that the war in Iraq was in its final stage and all the troops may be home for Christmas did sound promising. I have long said that we should simply... »