A yet to be verified story from Rough & Polished, a Moscow based website, reported that China had “confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund.” Of course, until official confirmation comes from…
Month: February 2010
Uncategorized
(02-18) 11:44 PST Austin, Texas (AP) — A software engineer furious with the Internal Revenue Service plowed his small plane into an office building housing nearly 200 federal tax employees on Thursday, officials said, setting off a raging fire that…
The recently announced IMF sale of 191.3 tonnes of their gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here’s why. In December, 2009…
There is an inextricable link between our academic system and the failure of citizens worldwide to understand the dire negative financial consequences of the coming second phase of the global monetary crisis. To help you understand the huge gap of…
In Hong Kong, Mohammed al-Jasser, the head of the Saudi Arabian Monetary Authority affirmed that the US dollar’s role as the world’s reserve currency is coming to an end when he stated, “The dollar is still preeminent in its role…
Perhaps if the Bank of England, the US Treasury and the US Federal Reserve had not been surreptitiously suppressing the price of gold futures through their puppet bullion banks on Wall Street for decades, I would agree with George Soros…
Today, our financial system is so broken that casinos have much more integrity in their business dealings than do our banks. Casinos Actually Have More Cash on Hand The largest casinos in Vegas and Macau have much more cash on…