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Time To Accumulate Gold And Silver By Jeff Clark 05/01/12 Do you own enough gold and silver for what lies ahead? If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk. After speaking at the Cambridge House conference last month and talking with many attendees, I came away convinced that most investors fall into one of two categories: those who hold an abundance of gold and silver (which tends to be physical forms only), and those with...

Police arrest man for having real $50 bill

Monday 28th of May 2012 08:54:16 PM
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Tennessee police are apologizing after arresting a man for using a $50 bill they thought was fake but that turned out to be real. Police in Shelbyville thought the bill was counterfeit after a convenience store clerk called them. The clerk said a marker used to detect false money didn't show the bill was real. The Shelbyville Times-Gazette reported Officer Brock Horner arrested Lorenzo Gaspar on Friday. But a police evidence technician told the arresting officer that some old bills don't react to the markers. So police gave the money to two banks to check, and they said it was...

HIZBOLLAH VICTIMS BRING HISTORIC CIVIL SUIT AGAINST MEGA-BANK

Monday 28th of May 2012 08:54:16 PM
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HIZBOLLAH VICTIMS BRING HISTORIC CIVIL SUIT AGAINST MEGA-BANK May 12, 2008 For Immediate Release VICTIMS OF HIZBOLLAH MISSILE ATTACKS BRING HISTORIC CIVIL ACTION AGAINST UBS IN NEW YORK FEDERAL COURT A group of American victims of Iranian sponsored terror have filed a civil action in the United States District Court for the Southern District against the Swiss mega-bank, UBS AG. The plaintiffs, all of whom had family members injured or killed in Iranian-backed terror attacks, allege that UBS' unlawful eight year-long provision of financial services to the Islamic Republic at the time Iran was providing material support to terrorist organizations...

Keep Ready Cash! Money Markets are Dead.

Monday 28th of May 2012 08:54:16 PM
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Should our fine financial system cease functioning cash will become a rare and precious medium. Over the years Americans have exchanged paper currency with confidence. Yet, today everyone's cash is a digital value out of hand. Our vast nationwide cash money market holdings greatly exceed any paper currency supply making any Bank run a momentary event. Should the financial house of cards crash, holders of green back US Dollars will be able to engage in trade. Gold hoarders will not know what to do. Credit cards won't work. Checks won't either. If you can't barter, cash will be king. Get...

The penny's days are numbered (Canada ends production of cent)

Monday 28th of May 2012 08:54:16 PM
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The federal budget is guaranteed to leave Canadians penniless — literally. Among the victims of cutbacks outlined by Finance Minister Jim Flaherty in the government's 2012 federal budget on Thursday is Canada's one-cent coin. Citing low purchasing power and rising production costs, the government has decided to phase the penny out of existence starting this fall, when the Royal Canadian Mint will stop distributing the one-cent coin to financial institutions. Over time, that will lead to the penny effectively becoming extinct, although the government noted on Thursday that one-cent coins will always be accepted in cash transactions for as long...

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End

Monday 28th of May 2012 08:54:16 PM
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The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen. For decades, the use of the U.S. dollar has been absolutely dominant in international trade. This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe. Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars. But there are big changes on the horizon. The mainstream media in the United States has been strangely silent...

Call for change: Lawmakers push bill to switch to $1 coin

Monday 28th of May 2012 08:54:16 PM
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Capitol Hill lawmakers want to change the color of money amid growing concerns about the federal deficit and the constant pressure for Washington to live within its means. The House and Senate each have introduced legislation that would replace the dollar bill with a $1 coin. “Change can be difficult,” Sen. Mike Enzi, R-Wyo., said. “But doing things as we’ve always done has contributed to our debt. We've got to latch on to any reasonable handhold we can find to climb out of this hole.” This is not the first time Washington has considered eliminating the paper dollar, which became...

Amputate or Die

Monday 28th of May 2012 08:54:16 PM
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It was a sobering dinner party last night... Hosted by a London billionaire in his exquisite home...but the conversation between the ten of us was stone-cold serious... "You know what my biggest fear is?" our host asked. "It's not really Obama, for what he's done is to accelerate what the liberals have been slowly doing for decades -- so quickly that their socialism is obvious to everyone. Which means the solution is obvious to everyone. My biggest fear is that voters will give Republicans the power to repair America on November 2nd -- and the Republicans won't have the courage...

Handicapping The Collapse

Monday 28th of May 2012 08:54:16 PM
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Handicapping The Collapse Stock-Markets / Global Debt Crisis Mar 09, 2012 - 12:36 PM By: Jim Willie CB Scattered diverse and almost uniformly unfavorable and dangerous events are unfolding, as the global economy and financial structure undergoes the equivalent of endless earthquakes and bombardment of solar emissions. Reporting is difficult, since information is distorted toward the sunny side. Events are moving fast, as quickly as the danger level is rising. As conditions worsen, the hype and spin has risen almost out of control. The political machine, tied at the hip to the banking apparatus, has ramped up the growth story...

The Silent Victims of the U.S.-China Currency War

Monday 28th of May 2012 08:54:16 PM
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Xi Jinping, likely to be China's next president, visits President Obama in the White House this week. This visit ensures that the ongoing currency war between the United States and China will be on the list of things that Obama and Xi discuss along with the looming war with Iran, the North Korean succession, and other geopolitical issues. Currency wars arise when a country steals growth from trading partners by cheapening its currency to promote exports. The new currency war began in 2010 when President Obama declared in his State of the Union address that it was the policy of...

Economic Chaos Ahead

Monday 28th of May 2012 08:54:16 PM
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Let's think about the kind of mess that we're in. Federal 2010 Medicare and Medicaid expenditures totaled $800 billion. The projected annual growth of both programs is about 7 percent. Social Security expenditures are more than $700 billion a year. According to the 2009 Social Security and Medicare trustees reports, by 2030, 49 percent of federal revenues will go for Social Security and Medicare payments. The unfunded liability of both programs is already $106 trillion.But not to worry. The Congressional Budget Office estimates that it's possible to sustain today's level of federal spending and even achieve a balanced budget. All...

Getting back to the gold standard (Gold, not Paper Money, is the Future)

Monday 28th of May 2012 08:54:16 PM
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Jim Grant’s rise to power may be delayed. The legendary Wall Street writer, publisher of Grant’s Interest Rate Observer, has been mentioned by two of the rivals for the Republican presidential nomination. Newt Gingrich said if elected president, he’d name Grant to help run a commission looking at a possible return to the gold standard. And Ron Paul said, if elected president, he’d go all-in and name Grant — one of Wall Street’s best-known gold bugs — as the new chairman of the Federal Reserve. As Paul wants to abolish the Fed, it would doubtless be a temporary post. But...

What is Constitutional Money?

Monday 28th of May 2012 08:54:16 PM
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Constitutional money is identified in the plain and unambiguous language of the U. S. Constitution itself. Article I, Section 8, clause 4 contains the following clause: The Congress shall have power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. This means that the Congress, elected to represent the interests of the citizen, has the responsibility to regulate the value of our money. The value of money is regulated by how much or how little money is created. If too much money is created than the value and therefore the...

Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent

Monday 28th of May 2012 08:54:16 PM
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So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...

The Evolution of the U.S. Dollar

Monday 28th of May 2012 08:54:16 PM
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...Therefore, this whole idea that we can live the high-life, be whatever we dream and never have to pay the consequences is simply dead wrong. The confusion that the Gold Standard advocates have created is this misconception that we print money and that is “fiat” that results in inflation. This is a far too simplistic view of finance. It presumes “printing” of actual dollars without restraint. Simply put, HAD WE PRINTED dollars instead of BORROWING DOLLARS, the national debt would be about 40% of its current size. Printing is MUCH LESS inflationary than borrowing. The reason, borrowing necessitates the creation...

Why Rising Debt Will Lead To $10,000 Gold

Monday 28th of May 2012 08:54:16 PM
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Why Rising Debt Will Lead To $10,000 Gold Commodities / Gold and Silver 2012 Jan 07, 2012 - 09:55 AM By: Nick Barisheff Good afternoon, it's a pleasure to speak about gold at this Outlook for 2012. Today, I'd like to focus on one important idea: the direct relationship between the rising price of gold and the rising levels of government debt that result in currency debasement. Since we measure investment performance in currencies a clear understanding of the outlook for currencies is critical. In order to understand gold's relationship, it's important to understand that gold is money. It is...

Ron Paul: "Nothing to fear from global currency" (C-SPAN 3/13/2001)

Monday 28th of May 2012 08:54:16 PM
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This clip, taken from C-Span, from a House session dating back to March 2001, shows Ron Paul stating there is nothing to fear from a global currency.... as long as it's backed by gold, of course. Listen at 0.32 (more in your face numerology), where Paul states there being nothing to fear from a "single, worldwide currency." He then goes on to praise the wonders of globalism, which he also claims is nothing to fear. Is the establishment running scared of Ron Paul, or is that what "they" would like you to think? Is it so absurd to think they...

Latin oil supplies for U.S. start to dry up

Monday 28th of May 2012 08:54:16 PM
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The political and environmental debates swirling around the proposed $7 billion Keystone XL pipeline from Canada to Texas miss a crucial point, energy analysts say: The Canadian oil is needed to replace fast-dwindling production from two other major suppliers of oil Mexico and Venezuela. The United States remains the largest consumer of oil in the world, requiring more than 8 million barrels a day of fuel imports to feed its appetite, with nearly half of that coming from oil-rich neighbors in Latin America as recently as 2005. But oil production south of the border has fallen off dramatically, and Canadian...

Building a One-World Currency: China, India Suddenly 'Open' for Investment

Monday 28th of May 2012 08:54:16 PM
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Foreign individuals, pension funds and trusts will be able to subscribe to public offers of an Indian company. "Qualified foreign investors will be able to invest in initial public offers or follow-on public offers as well," a finance ministry official said. The issue of voting rights for QFIs is also under discussion with market regulator Sebi, which is expected to issue a detailed notification by January 15, the official said. India had on Sunday announced its decision to allow QFIs to directly invest in the Indian equity market. A QFI is an individual, group or association resident in a foreign...

Iran's Riyal Plunges To Record Low After US Sanctions

Monday 28th of May 2012 08:54:16 PM
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TEHRAN, Iran (AP) — Iran's currency hit a new record low to the U.S. dollar on Monday, two days after President Barack Obama signed into law a bill targeting Iran's central bank as part of the West's efforts to pressure Tehran over its nuclear program. State radio said the Iranian currency's exchange rate hovered around 16,800 riyals to the dollar, marking a roughly 10 percent slide compared to Thursday's rate of 15,200 riyals to the dollar. The riyal was trading at around 10,500 riyals to the U.S. dollar in late December 2010. The bill signed by Obama on Saturday includes...

Look for 2012 to be the year of the dollar (Worldwide Currency wars favor the greenback)

Monday 28th of May 2012 08:54:16 PM
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At a meeting in London last month I listened with mild amusement as a senior sales executive discussed the rollout of a banking campaign to promote the rise of China’s renminbi as a global currency. Advertising in the U.S. would make little sense, as Americans aren’t ready to believe in — much less prepare for — the inevitable day when the Chinese currency overtakes the U.S. dollar as a major reserve currency, ran the strategy, detailed by the executive with the requisite cultural dig. It’s certainly just coincidence that the U.S. Dollar Index DXY is up more than 4% since...