Gold And Silver Best Performing Assets – Up 9% and 8% YTD
Gold is 3.6% higher this week and is now over 9% higher year to date. The dollar saw sharp falls this week on growing doubts that the Federal Reserve will be able to raise interest rates. The gains this week were due to increasing concerns about the U.S. and global economy.
GoldCore and Finviz.com
Submitted by Charles Hugh-Smith of OffTwoMinds blog,
Once private credit rolls over in China and the U.S., the global recession will start its rapid slide down the Seneca Cliff.
Few question the importance of private credit in the global economy. When households and businesses are borrowing to expand production and buy homes, vehicles, etc., the economy expands smartly.
Submitted by Andrea Germanos via TheAntiMedia.org,
Former U.S. President and Nobel Peace Prize winner Jimmy Carter has taken aim at the “erroneous” Supreme Court ruling that “gives legal bribery a chance to prevail.”
Carter made the comments, an apparent reference to the 2010 Citizens United ruling, in an interview Wednesday with the BBC’s “Today” program.
http://www.youtube.com/watch?v=NZFc1QqRbbQ
The decision by the US Department of Defense to increase its NATO-related spending on confronting Russia in Europe is harming US-Russia relations and providing zero military benefit to America, according to former US Chief of Naval Operations Theodore Postol. Postol says that the U.S.
There’s been no shortage of coverage both in these pages and elsewhere of the impact falling oil prices have had on the American and Canadian oil patches.