Saturday, 06 November 2010 09:27
Saturday, 06 November 2010 09:07
'An 1865 London Times editorial directed against Lincoln's debt-free Greenbacks said it all:
"If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe".'
Saturday, 06 November 2010 08:59
'With the world on the verge of a currency war as the Federal Reserve follows through on its dollar-killing quantitative easing program, rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.
The bank holiday is rumored to be set for next week, with Thursday November 11 pinpointed as the likeliest date.'
Saturday, 06 November 2010 08:36
'Within a decade, a loaf of wheat bread may cost $23 in a grocery store in the United States, and a 32-oz package of sugar might run $62. A 64-oz container of Minute Maid Orange Juice, meanwhile, could set you back $45.71. This is all according to a new report released Friday by the National Inflation Association which warns consumers about the coming wave of food price inflation that's about to strike the western world.
"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout."
The upshot of a falling dollar will mean rampant price inflation on the basic goods and services that Americans depend on to survive. Food in particular is likely to be hit hard by price inflation within the decade.'
Read more: A Loaf of Wheat Bread May Soon Cost $23 Due to Skyrocketing Food Price Inflation
Saturday, 06 November 2010 07:59
'The US Embassy in Copenhagen has allegedly conducted secret surveillance activities in the Danish capital, a media broadcaster in Denmark says.
Denmark's TV-2 commercial broadcaster reported that a unit attached to the US Embassy has been carrying out surveillance activities in Copenhagen. According to the report, the unit which was made up of at least 14 agents kept tabs on Danish citizens by adding their personal data to a special computer database.'
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