Archive for September 2nd, 2011

by Tyler Durden ZeroHedge.com 09/02/2011 Today, the President of the ECB, Jean- Claude Trichet did not rule out a gold backed euro bond in an interview with ‘Il Sole 24 Ore’ published on the ECB’s website. The comments were a response to former Italian Prime Minister Romano Prodi who proposed – in Italian national... »

By Ed Koch HuffingtonPost.com Money has taken over our political system in a way that is simply horrifying. Special interest groups, in particular corporations, unions, Wall Streeters and bankers, dominate our politics. They have devastated this country economically, yet they have gotten away with it because they choose and finance our candidates for low... »

By Cal Thomas PatriotPost.us In advance of a “major speech” on the economy and jobs, President Obama has selected Princeton University professor Alan Krueger to be chairman of the Council of Economic Advisers. Krueger is no relation to the horror film character Freddy Krueger, though if his ideas are implemented, they might further “slash”... »

Dr. Ileana Johnson Paugh SilverBearCafe.com Selling Short is a legal form of stock buying when you borrow shares you do not own from your broker, sell them, and pocket the money. When the price of that stock drops, you buy the number of shares at the lower price and return them to the broker,... »

By: Mike Paulenoff MarketOracle.co.uk Although the action in spot silver is a bit uneventful, the near-term technical picture and set-up remain relatively positive, and argue strongly that spot silver is poised to move higher into the 42.80-43.20 target zone. This bodes well for traders of the iShares Silver Trust ETF (SLV). At this juncture,... »

By: Ben Traynor MarketOracle.co.uk U.S. DOLLAR gold bullion prices edged down to $1820 an ounce by Thursday lunchtime in London – 1.1% off the high for this week so far – while stocks and commodities dropped and government bonds gained following publication of weak European manufacturing data. “The market is dead in this... »

Global trade buckled suddenly in the second quarter as Europe flirted with recession and Asia came off the boil, while Canada’s bellwether economy contracted outright, adding to the darkening picture across the world. By Ambrose Evans-Pritchard Telegraph.co.uk Import growth in the large G7 economies and the China-led BRIC nations fizzled to 1.1pc compared to... »

The Greek finance ministry went on the defensive after a new budget watchdog released an internal report warning that debt was “out of control”. AFP Telegraph.co.uk 01 Sep 2011 The Greek finance ministry went on the defensive after a new budget watchdog released an internal report warning that debt was “out of control”. Evangelos... »

By Richard Sauder SilverBearCafe.com Oh, did I misspell U.S. Federal Reserve Bank? You’ll have to excuse me. I’m feeling a little dizzy this afternoon, because it is all unraveling so fast now. The world of high finance is cracking apart, outright falling apart. The U.S. Federal Reserve Bank is failing, mostly because the U.S.... »

By Ralph Benko Forbes.com There is nowhere left to hide. America’s governing elites begin to internalize the magnitude of their failure to generate jobs. CBO now predicts worse than 8% unemploymentuntil 2014. America begins to engage, seriously, with the implications of the faltering dollar and reconsider the appeal of the gold standard. From The... »