Britannia Radio

Last Updated: Monday, September 15, 2008 12:32 GMT Rogers: Dollar To Lose World Reserve Status With the greenback plummeting after the news of Lehman Brothers' bankruptcy, top investor Jim Rogers predicts that the dollar will lose its status as the world reserve currency status and has resolved to buy more gold despite a recent fall in the price of the commodity. • US in ‘once-in-a-century’ financial crisis : Greenspan • Lehman Brothers files for bankruptcy threatening most acute financial catastrophe • Why The Fed Allowed Derivatives Trading on a Sunday • U.S. Stock-Index Futures Tumble on Lehman; AIG, JPMorgan Fall The Social Imperative of Sound Money This past week, the government announced that it would take Freddie Mac and Fannie Mae, the mortgage giants, under conservatorship, which is a nice way of saying that they will be nationalized. • US Banking Giant Goes To The Wall • BoE Should Cut Rate to 4.5%, CBI Says Financial turmoil pushes gold, silver up 2 pct Gold rallied more than 2 percent on Monday, as investors rushed to safer assets after the bankruptcy of Lehman Brothers fuelled worries about the U.S. financial system and sparked talk of possible rate cuts. • Jobless set to top two million in UK Islamic sharia courts in UK ‘legally binding’ Islamic sharia law courts in Britain are exploiting a little-known legal clause to make their verdicts officially binding under UK law in cases including divorce, financial disputes and even domestic violence.