Archive for January 7th, 2011

by George Washington ZeroHedge.com 01/07/2011 Obama is replacing his chief economic adviser – Larry Summers – with Gene Sperling. Sperling is currently a counselor to Treasury Secretary Timothy Geithner, and is now being appointed as Obama’s chief economic adviser. He’s been there before: Sperling will hold the exact same post he held under Bill... »

By: John Browne Senior Market Strategist, Euro Pacific Capital, Inc. GoldSeek.com Friday, 7 January 2011 While the markets have known for almost three months that the 2010 election delivered the House of Representatives to the tea-infused Republican Party, I did expect a greater reaction on Wall Street to the formalities of the opening sessions... »

The Mogambo Guru GoldSeek.com Friday, 7 January 2011 As an example of the kind of sheer monetary insanity that is happening all around us and that is going to destroy the United States of America, and probably most of the world, too, the national debt of the United States of America hit a new,... »

…We’ve Got “MixedFlation” and “ExportFlation” by Washington’s Blog Global Research January 7, 2011 Many people have made persuasive arguments for inflation. See, for example, my roundup from 2009, and Gonzolo Lira’s recent essay arguing that there is no political will to raise interest rates, and so commodities have become the safe haven investment (replacing... »

TheAtlantic.com Some of the nation’s largest metropolitan areas are in danger of running out of water in the next decades, according to a survey of studies conducted by 24/7 Wall St. We consulted a range of sources, including an October 2010 report on water risk by environmental research and sustainability group CERES, a July... »

BY ROBERT MORLEY theTrumpet.com The first debt bomb has already detonated. Is it the first explosion in a nationwide chain reaction? Want to see the future? Go to Prichard, Alabama. It is a city with a sobering lesson for America and for millions of people who think the good times are about to return.... »

Bob Chapman TheInternationalForecaster.com The power of the people to understand has never been greater, money supply zoomed up, money creation is the trap the Fed will be ensnared in, the rest of the world values gold and silver, hollow promises for the Euro, repossessions of real property, new laws in California, no way out... »

by Stephen Lendman LewRockwell.com An earlier article compared the 1950s to today, saying: It was a different time, good and bad. Elected in 1952, Eisenhower was still president. Unemployment was low. Anyone wanting work found it. Most years the economy grew during a post-WW II expansion. Inflation was low. The average new car cost... »

When Will the Renminbi Overtake the Dollar? by Simon Black LewRockwell.com Without a doubt, the existing global financial system depends on the widespread use of fiat currencies issued by insolvent governments. The wealth of the world’s large financial institutions requires that there be currencies with sufficient size and circulation to absorb massive capital flows.... »

The Bernanke Arbitrage by Michael Pollaro LewRockwell.com At THE CONTRARIAN TAKE a lot of time and effort is spent compiling money supply data, analyzing its drivers and charting its course. The reason is quite simple. It is the ebb and flow of the money supply that shapes the ebb and flow of the financial... »