Brzil, Argentina Abandon US Dollar

Oct. 7, 2008 Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange. Brazil's President Lula da Silva (R) and Argentina's President Fernandez de Kirchner The two Latin American nations started the Payment System on Local Currency (SML) on Monday following a last month agreement inked by their presidents to use local currencies in a bid to end transaction in dollars. On Thursday, Argentine Central Bank President Martin Redrado and his Brazilian counterpart Henrique de Campos Meirelles signed the enforcement of the agreement for the SML, under which exports and imports between the two countries will take place with the Brazilian real (BRL) and the Argentine peso (ARS). The new monetary system mainly favors small and medium industries in both countries because it will save them bank charges when averting their local currencies to dollars.. » read more

Germany Takes Hot Seat As Europe Falls Into the Abyss

Oct. 6, 2008 Investors will learn today whether the Paulson bail-out - fattened to $850bn (£480bn) by Congress - can begin to halt the death spiral in the credit system. So far, the response looks terrible. Star-crossed bankers: The European Central Bank played a shockingly destructive role Photo: REUTERS Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.. » read more

One Dollar Bill To Be De-Mystified /The Great Seal of the United States

National News See other National News Articles Title: One dollar bill to be de-mystified Source: IOL URL Source: http://www.iol.co.za/index.php?set_ .. » read more

U.S. Mint Suspends Sale of 24-karat Gold Coins

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Greenspan: Gold is "the Ultimate Form of Payment in the World" due to "Fiat Money in Extremis"

Oct. 1, 2008 Gold  fell  yesterday  as the dollar rallied ( gold closed at $874.00  down $14.4 0 while silver  closed at $12.18 down 75  cents ).. » read more

Russia-China Prepare Massive Gold ‘Shock’ For Global Economy

Sept. 22, 2008 A visibly angry Prime Minister Putin addressing the media during his visit with French Prime Minister Francois Fillon in Sochi blasted the United States plans for dealing with the collapse of the Western Banking system by stating, “We all need to think about changing the architecture of international finances and diversifying risks. The whole world economy cannot depend on one money-printing machine”. Putin’s warning, however, has fallen upon deaf ears in the United States as that financially beleaguered Nation prepares to further implode their economy by injecting a staggering $1 Trillion into their stock and banking markets by doing nothing more than printing up more money as they have completely bankrupted themselves, and which has brought them to this latest crisis. Not being explained to the American people, in the millions of words currently assaulting them by their propaganda media about their economic collapse, is the almost childlike equation that their Nations debt is virtually worthless on the World markets as the US Dollar has no real value as their US Federal Reserve System is broke, and as we can read from their own statement, but in much more convoluted terms designed to completely confuse their own people: “The Federal Reserve has announced a series of lending and liquidity initiatives during the past several quarters intended to address heightened liquidity pressures in the financial market, including enhancing its liquidity facilities this week.. » read more

The World Needs a Free Market in Silver

Sept. 7, 2008 This may be the most important article that I will ever write in my lifetime, and it may be the most important you will ever read.  I don't know if things will ever be as crucial on the world stage as they are today.  The world has a choice to head towards increased freedom and prosperity, or towards shortages and misery. Typically, stories of inflation and hyperinflation are accompanied by stories of food shortages, misery and pain.. » read more

South Asia

False notes threaten India's economy August 26, 2008 MUMBAI - "Economic terrorism" threatens India with a staggering US$51 billion worth of counterfeit currency circulating in the country, according to India's Intelligence Bureau. The government, though, has expressed no serious hurry to tackle this menace, even as police say fake currency notes are also funding terrorist groups in India. The Reserve Bank of India (RBI), the regulator, estimates a lower figure of counterfeit money than $51 billion, but given a flurry of publicized recent police arrests across the country of suspects nabbed with huge amounts of fake currency, estimates could be on the higher rather than the lower side. "The problem is very serious," S K Panda, special director of the  Enforcement Directorate, told Asia Times Online. His investigators in the New Delhi-based Directorate of Enforcement, under the Department of Revenue, Ministry of Finance, have hard work ahead.. » read more

Either This is the Greatest Silver and Gold Buying Opportunity of All Time, or the End of a Bull Market

August 14, 2008 Gold Price Close Today : 786.00 Gold Price Close August 8: 857.8 Change: -71.80 or -8.4% Silver Price Close Today : $12.. » read more

Grand Illusion - Gas prices are NOT going up(video)

May 31, 2008 The "rise" in gas prices is just another political illusion. The problem is fake money from the criminals called the Federal Reserve and their partners in crime, the people called the federal government. TO VIEW THIS VIDEO CLICK ON; http://ca.youtube.com/watch?v=LEsEvb1WsIY&feature=related. » read more

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