Full story here from G.Washington at ZeroHedge.
(http://pe.usps.com/text/imm/immc3_007.htm for the conversion chart)
I have repeatedly pointed out that it is possible that the IMF’s special drawing rights (SDRs) will become the world’s reserve currency.
Full story here from ZeroHedge. If gold swapping’s not your thing, try wife swapping.
Sultans of Swap: Gold Swap Signals the Roadmap Ahead
The news rocked the global gold market when an almost obscure line item in the back of a 216 page document released by an equally obscure organization was recently unearthed. Thrust into the unwanted [...]
This charming missive courtesy of Jesse’s Cafe Americain. Random video interlude: what the bailout really looks like;
The Federal Reserve and its friends in the European central banks, the IMF, and BIS are running a bluff against the developing nations and the rest of the world, and to their shame, the majority of their own people. [...]
Full story here from Jim Willie via Market Oracle.
The world faces challenges and uncertainty these days like perhaps never before in modern history. Broken insolvent banking systems match the insolvent homeowners living in despair but with newfound hope from simply not paying home mortgages in large numbers. Henry David Thoreau could actually run for the [...]
Full story here from Business Insider.
Martin Armstrong is out with another one of his famous notes, and it’s actually one of the more interesting/educational ones we’ve read in some time. This time the note concerns the nature of deflation, and what we experienced in during the Great Depression,a nd how that relates to what various [...]
Full story here from CounterPunch.
The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse [...]
Full story here from CounterPunch.
Latvia has experienced the worst two-year economic downturn on recorde, losing more than 25 percent of GDP. It is projected to shrink further during the first half of this year, before beginning a slow recovery, in which the International Monetary Fund (IMF) projects that it will not reach even its 2006 [...]
Full story here from The International Forecaster.
“We are not going to go into the lurid details regarding residential and commercial real estate, but we are going to give you some highlights. We began telling subscribers to sell real estate in June of 2005, long before anyone else. We picked the top just as we did [...]
Full story here from The International Forecaster.
“People should not underestimate the rational of those in high places because their agenda may be totally different then what they say it is. That includes the predicament of Dubai and Greece and a host of other nations that include the US and UK. The credit crisis, borne of [...]
Full story here from CounterPunch.
“In recent weeks there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later this week. The Financial Times has called this fund-raising a critical test of Greece’s credibility in financial markets as [...]