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Showing posts from November 22, 2011

Are You Prepared For What’s Coming? -- Excellent Article

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Are You Prepared For What’s Coming? -- Excellent Article Are You Prepared For What’s Coming?

Stock-Markets / Financial Markets 2011 Nov 16, 2011 - 05:35 AM By: Submissions


http://www.marketoracle.co.uk/Article31574.html

Michael A Burnham writes: The US$ is the world reserve currency and a huge amount of it is used in international commerce and held in foreign banks. What is the real value of the US$ or any currency for that matter? Money is no longer backed by gold or anything other than “good faith”, thus coined “fiat currency". Whenever the US Treasury runs short of money, it auctions Treasury notes…IOUs. But since there are fewer interested buyers in the world today, it then borrows dollars, printed out of thin air, from the Federal Reserve, a privately owned banking consortium, in exchange for Treasury notes. Every dollar issued represents an instrument of debt. In your wallet, you will find a Federal Reserve Note and its value is quantified by what it can buy.
A vibrant economy,…

Celente, Corzine and the Great U.S. Bank Holiday

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The Criminal class now runs everything. Can't wake up your friends? If they still don't 'Get it' after watching this micro-doc, they're beyond help. Gerald Celente talks to Alex Jones about MF Global, Jon Corzone and the great U.S. bank holiday. As far as holidays go, trust me, Thanksgiving is better!