Economy 5-19-11
May 19th, 2011
(SkyNews) – IMF Chief Resigns After Sex Attack Charges – Read More Here
(Reuters) – Weekly Claims See Fall, But Jobs Picture Remains Weak – Read More Here
(MSNBC) – Video: Ron Paul – The Problem Is Corporatism and Fiat Money, Not Free-Market Capitalism!
(MaxKeiser) – The Truth About Silver: There’s Tons Of Real Demand, And We’re Not Close To A Bubble – Max Keiser – Read More Here
REPOST – (YahooFinance) – Video: MATT TAIBBI: Goldman Sachs Executives Lied To Their Customers And Congress – Video Link Here
(WealthWire) – Gold Aimed at $6,500/oz, Silver… $600/oz – Read More Here
(ZeroHedge) – Richard Koo Explains Why An Unwind Of QE2, With Nothing To Replace It, Could Lead To The Biggest Depression Yet – Tyler Durden – Read More Here
(CNBC) – Central Banks Snap Up Gold in First Quarter – Read More Here
(GlobalResearch) – Was Dominique Strauss-Kahn Trying to Torpedo the Dollar? – Mike Whitney – Read More Here
(InternationalForecaster) – A Higher Cost of Living and A Weaker Economy The Reality – Bob Chapman – Read More Here
(LiraBlog) – SPG Supplement: Is the Gold/Copper Ratio Predicting A Drop In the S&P? – Read More Here
(Cryptogon) – And Now… J.P. Morgan’s Hunt for Afghan Gold – Read More Here
(ZeroHedge) – Japanese Economy Collapses: Q1 GDP Drops At Double Consensus Rate, Epic Nominal Plunge Of -5.2% – Tyler Durden – Read More Here
(ZeroHedge) – China Central Bank Lays It Down: “New IMF Leadership Should Reflect New World Order” – Tyler Durden – Read More Here
Video
(RussiaToday) – Peter Schiff: “We’re selling our souls to the devil”
Volatility is just part of the market, says Euro Pacific Capital President Peter Schiff. While speculation could smooth this out, however, that isn’t the case right now. Irresponsibly money printing is damaging the dollar, and as currency is continued to be produced in America and elsewhere, commodity prices have nowhere to go but up. While the World Bank says the global economy is climbing itself out of a financial crisis, Schiff says he isn’t so certain.
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