Archive for July 5th, 2011

by Tyler Durden ZeroHedge.com 07/05/2011 From Gold Core Gold Could See $1,800/oz on Seasonal Strength and Deepening Eurozone and U.S. Debt Crisis Gold is trading at $1,504.13/oz, €1,039.34/oz and £933.89/oz. Gold is higher today and showing particular strength against the euro and the Japanese yen. The relief rally seen in equities since the latest... »

Every working American should be dismayed by — and afraid of — what BMW is doing. By Michael Hiltzik LATimes.com By all accounts, BMW’s parts distribution warehouse in Ontario was one of the jewels of the company’s system. Supplying dealer service departments throughout Southern California, Arizona and Nevada, it received gold medals from BMW... »

by Gail Tverberg OilPrice.com We have all read about the standard “fixes” for a governmental debt problem – (1) inflate your way out of the problem, (2) cut programs and/or raise taxes, and (3) restructure debt, perhaps delaying repayment and giving bondholders a “haircut” on promised payouts. A fourth one seems to circulate through... »

By Dean Baker The New Republic Representative Ron Paul has hit upon a remarkably creative way to deal with the impasse over the debt ceiling: have the Federal Reserve Board destroy the $1.6 trillion in government bonds it now holds. While at first blush this idea may seem crazy, on more careful thought it... »

By Patrick Dewhurst Cyprus-mail.com INSPECT any British bank note and you will see in small letters the words “I promise to pay the bearer on demand the sum of… pounds” The words allude to the days gone by when notes were a substitute for gold, and when the Bank of England would honour the... »

Economic Bondage: The price to pay for failing to resist globalist debt slavery By Paul Joseph Watson PrisonPlanet.com The cost of a decision last week to allow globalist vultures to metaphorically hog-tie Greece while the EU and IMF commences a good old fashioned economic pillaging of her state assets is a total evisceration of... »

EndOfTheAmericanDream.com In the United States today, it is becoming increasingly fashionable to openly trash the U.S. Constitution. Many among the elite are not even trying to hide how much they hate the U.S. Constitution anymore. As the Patriot movement and the Tea Party movement call for a return to the principles that this nation... »

EconomicCollapseBlog.com Is the United States “number one”? Many Americans take deep pride in their nation and the truth is that the U.S. has a lot going for it. The United States has the largest economy in the world. The United States also has the most powerful military on the entire planet. The United States... »

by Walter E. Williams LewRockwell.com There’s little that’s intelligent or informed about Time magazine editor Richard Stengel’s article “One Document, Under Siege” (June 23, 2011). It contains many grossly ignorant statements about our Constitution. If I believed in conspiracies, I’d say Stengel’s article is part of a leftist agenda to undermine respect for the... »

by Jack D. Douglas LewRockWell.com The U.S. Party is now moving faster to concentrate power in the military, to expand U.S. murder attacks around the world, and to intimidate any critics in the ways totalitarian regimes do in their early days to silence critics as they consolidate their power and then use more open... »