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India echaged $6.7bn for gold-a strong signal-Asian countries moving away from the US Dollar

- Gold prices continued to rise on Wednesday extending the all-time highs which followed India’s central bank bought 200 tonnes of the precious metal, swapping dollars for bullion as the country’s finance minister warned the economies of the US and Europe had “collapsed”.... Read full article »
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  • Topgun November 08, 2009 21:24:32
    Topgun
    More proof for why we should have dropped the dollar as world currency and went to the bancor. The use of a national currency as global reserve currency leads to tension between national monetary policy and global monetary policy. This is what causes imbalances in balance of payments between countries and bad speculation of value of currency hurting investments and weaken GDP overall.

    Research Triffin's Dilemma and you will understand why we all should be moving away from the US dollar as world currency.
  • +1 raves
    princess November 05, 2009 22:39:34
    princess
    Yes, the days of the U.S. Dollar are very numbered...it's about to be DUMPED.....and Gold value will continue to rise.
    Thanks Obama and Federal Reserve for helping to make this possible!!!
  • +1 raves
    jscusmc69 November 05, 2009 16:02:59
    jscusmc69
    HAS anyone wondered HOW MUCH of this IFM GOLD was OURS---The United States GOLD RESERVES?
    Here's a little about the FED and it's shipping OUR GOLD out of the country.
    THE FOLLOWING is from a hard copy book I have about Congressman Louis McFadden.
    *****************************...


    The Scheme of the Fed
    "In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement: "The whole scheme of the Fed with its commercial paper is an impractical, cumbersome machinery- is simply a cover to secure the privilege of issuing money, and to evade payment of as much tax upon circulation as possible and then control the issue and maintain, instead of reducing interest rates. It will prove to the advantage of the few and the detriment of the people. It will mean continued shortage of actual money and further extension of credits, for when there is a shortage of money people have to borrow to their cost.' "A few days before the Fed passed, Senator Root denounced the Fed as an outrage on our liberties. He predicted: 'Long before we wake up from our dream of prosperity through an inflated currency, our gold- which alone could have kept us from catastrophe- will have vanished and no rate of interest will tempt it to return.'

    "If ever a prophecy came t...








    HAS anyone wondered HOW MUCH of this IFM GOLD was OURS---The United States GOLD RESERVES?
    Here's a little about the FED and it's shipping OUR GOLD out of the country.
    THE FOLLOWING is from a hard copy book I have about Congressman Louis McFadden.
    *****************************...


    The Scheme of the Fed
    "In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement: "The whole scheme of the Fed with its commercial paper is an impractical, cumbersome machinery- is simply a cover to secure the privilege of issuing money, and to evade payment of as much tax upon circulation as possible and then control the issue and maintain, instead of reducing interest rates. It will prove to the advantage of the few and the detriment of the people. It will mean continued shortage of actual money and further extension of credits, for when there is a shortage of money people have to borrow to their cost.' "A few days before the Fed passed, Senator Root denounced the Fed as an outrage on our liberties. He predicted: 'Long before we wake up from our dream of prosperity through an inflated currency, our gold- which alone could have kept us from catastrophe- will have vanished and no rate of interest will tempt it to return.'

    "If ever a prophecy came true, that one did. "The Fed became law the day before Christmas
    Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it.
    *****************************...

    "On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there is a shipment of gold to Germany. These shipments are not made for profit on the exchange since the German marks are below parity with the dollar.

    "Mr. Chairman, I believe that the National Bank depositors of these United States have a right to know what the Fed are doing with their money. There are millions of National Bank depositors in the Country who do not know that a percentage of every dollar they deposit in a Member Bank of the Fed goes automatically to American Agents of the foreign banks and that all their deposits can be paid away to foreigners without their knowledge or consent by the crooked machinery of the Fed and the questionable practices of the Fed.
    *****************************...

    THE GOLD SHIPPED THEN IS BUT A SMALL AMOUNT THAT HAS BEEN RAIDED FROM US---WE the PEOPLE!
    (more)
  • +1 raves
    Ed jscusmc69 November 05, 2009 20:37:49
    Ed
    What can anyone say? How can the U.S. Gov justify not having control of the Fed or not ever attempting to control it.
  • +1 raves
    Beccy November 05, 2009 03:06:05
    Beccy
    Hope that this brings the jobs they stole back to America.
  • Ed Beccy November 05, 2009 20:39:46
    Ed
    The sad part is they didn't steal those jobs, our government gave them our jobs with their policies. You know this is not a left or right issue this is all across the board.
  • +1 raves
    Beccy Ed November 14, 2009 21:49:22
    Beccy
    YEs both parties have sold us down the river parties sold river
  • grumpy November 05, 2009 02:59:11
    grumpy
    To make matters worse barak wants to give them 10Billion in foreign aid and they want it in GOLD
  • +1 raves
    Beccy grumpy November 05, 2009 03:06:55
    Beccy
    Why are we giving them foreign aid when they have already stole our jobs?
  • +1 raves
    grumpy Beccy November 05, 2009 03:18:06
    grumpy
    this is baraks world, even the UN said we have to cough up for climate change to them. Once upon a time in Superman's day it was called Bizzaro world
  • +1 raves
    Ed grumpy November 05, 2009 20:46:07
    Ed
    I have to restrain myself sometimes.
  • +1 raves
    Ed grumpy November 05, 2009 20:44:23
    Ed
    And he will give it to them, in gold. Doesn't that make you think, here we are offering aid and they dictate the terms of the aid. In other words you don't have a car I feel bad I will set you up with some wheels. Great make it a limo and throw in a driver.

    That being true, I would point the finger straight at Obama. That is the way he is perceived as either a total inept idiot or a Socialist pig with the re-distribution of wealth mentality to be taken advantage of.
  • Formulabruce November 05, 2009 01:41:55
    Formulabruce
    wowness..
  • +4 raves
    texasred November 05, 2009 01:05:33
    texasred
    "Yes we can," screw the United States. Good going, Obama.
  • +3 raves
    Ed texasred November 05, 2009 20:50:37
    Ed
    We shouldn't be surprised anymore, he is a Communist intentionally destroying our country. Welcome to the party. America is this what you really want?
    surprised communist intentionally destroying country party america
  • +4 raves
    12 Tone Melody November 04, 2009 23:51:33
    12 Tone Melody
    Obama is having his heart's desire: the ruin of America
  • +2 raves
    Formula... 12 Tone... November 05, 2009 01:43:13 (edited)
    Formulabruce
    so sad, and PISSES ME OFF TO NO END THAT FRIENDS OF MINE REFUSE TO EVEN ADMIT ANYTHING IS WRONG!!, SOME ARE UNEMPLOYED!!
    rant off.....
  • Ed Formula... November 05, 2009 20:52:35
    Ed
    It's normal to get pissed off, I'm pissed off the majority of America is pissed off. Maybe we need to be pissed off
  • Ed 12 Tone... November 05, 2009 20:51:20
    Ed
  • +3 raves
    DW November 04, 2009 23:09:48
    DW
    Thats what they were refering to when they said Jobs for Americans .
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