Economy

(Fox) – Video: Ron Paul on FOX Business News about Gold – Video Link Here

(BeforeItsNews) – Into the Abyss: The Cycle of Debt Deflation

One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. Read More Here

(ZeroHedge) – US Mint Out Of Not Only Silver But Gold American Eagles As Well – Tyler Durden

Update: After following up with the Mint, any shipments and deliveries of American Eagle 2010 edition both gold and silver are TBD and the mint has no idea on when these will be received if at all this year. A small shipment of American Buffalo gold coins will go on sale on June 3 at noon. The mint expects these to sell out promptly. Read More Here

(PaulWatson) – Bilderberg 2010: Globalists Panic Over Euro Collapse

Elite to seek reassurances from Spanish leaders that ultimate agenda for global currency will not be derailed Read More Here

(RawStory) – Goldman Sachs sold $250 million of BP stock before spill

Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment Read More Here

Goldman Sachs Sold 44% of its BP stock three weeks before the Deepwater Horizon explosion – View Stocks Here

US MINT OUT OF SILVER

From the US Mint:

Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.
Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.

(ZeroHedge) – US Mint Sells More Gold Coins In May Than Any Month Since January 1999 – Tyler Durden

If anyone wants to know the reason why PHYS is once again trading at about a 10% premium to NAV all over again (yes mere days after the follow on offering) look no further than the US mint. Reuters reports that “The U.S. mint sold 190,000 1-ounce American Eagle gold coins in May, the largest number since January 1999, and the most in any month so far in 2010, according to a spokesman for the U.S. agency.” At least the mint still has gold coins to satisfy record demand. Buyers in Europe unfortunately are not so lucky, which is why in Greece recently an oz of sold for as high as $1,700. Read More Here

(ZeroHedge) – Another Blatant EUR Intervention Leads To 150 pip EURUSD Move In Seconds

With all the grace of a drunk Keynesian at an Austrian economists meeting, the Central Banks once again kill the EUR shorts and intervene to prop it up, for a ridiculous 250 pips intraday move. Read More Here

(CNBC) – Euro to Go Under $1.20 ‘Almost Certainly’: Gartman – Read More Here

(PaulWatson) – Iran To Dump 45 Billion Euros For Gold Bullion & Dollars

The Central Bank of Iran is set to dump a whopping 45 billion euros in exchange for gold bullion and dollars as Gulf states also prepare to flee from the ailing single currency amidst debt turmoil in Europe that threatens to disintegrate the entire region.

According to the Iranian state website Press TV, Iran’s central bank has already begun converting its euro reserves into gold and dollars as a response to the “downward spiral” of the euro, in the first of a three phase movement to flee from the currency. Read More Here

REPOST(Blacklistednews) – 25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real

If you listen to the mainstream media long enough, you just might be tempted to believe that the United States has emerged from the recession and is now in the middle of a full-fledged economic recovery. In fact, according to Obama administration officials, the great American economic machine has roared back to life, stronger and more vibrant than ever before. But is that really the case? Read More Here

(LVRJ) – Problems continue in high-rise condo market

It really didn’t take a $40,000 study from the Sierra Club to determine that Las Vegas was overbuilt, putting a strain on natural resources. Just look at the vacant buildings. Read More Here

(BusinessInsider) – How The U.S. Is Faced With Both Rocketing Inflation And Deflation At The Same Time

Calafia Beach Pundit shows how the U.S. has been experiencing both long-term inflation and deflation at the same time. Essentially, the cost of services has been rocketing higher, just as the cost of durable goods has been rocketing lower: Read More Here

(Neithercorp) – REPOST – Warning Signs Of Full Spectrum Collapse Are Everywhere

The sovereign debt crisis in Greece and many other European nations has, at least for the moment, opened a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy”, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Read More Here

(June 1) – Video: Webster Tarpley Details TIm Geithner’s “America is Finished” Comment to China on Alex Jones Tv

Alex also talks with researcher and author Webster Tarpley. Alex also covers the latest news following the holiday and takes

Part 1 of 3

Part 2 of 3

Part 3 of 3

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